Frontier Capital Reports 3.53M Shares of Sun Country (SNCY)
Rhea-AI Filing Summary
Frontier Capital Management Co., LLC filed a Schedule 13G reporting it beneficially owns 3,533,617 shares of Sun Country Airlines Holdings, Inc. common stock (CUSIP 866683105), representing 6.64% of the class as of the reporting event date 06/30/2025. The filing shows Frontier Capital has no sole voting or dispositive power, shared voting power of 1,632,086 shares, and shared dispositive power over all 3,533,617 shares. The reporting person is identified as an investment adviser organized in Delaware with a principal office at 99 Summer Street, Boston, MA.
The filing incorporates a certification that the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer. Other procedural items in the statement are marked not applicable.
Positive
- Material disclosure: Frontier Capital reports beneficial ownership of 3,533,617 shares (6.64%), meeting SEC transparency thresholds
- Passive classification: Reporting person identified as an investment adviser (IA) and certified holdings are in the ordinary course of business
- Clear voting/dispositive split: Filing specifies 0 sole voting/dispositive power and shared voting power of 1,632,086, clarifying control intent
Negative
- None.
Insights
TL;DR: Frontier Capital holds a material passive stake of 6.64% in Sun Country, signaling a notable institutional position without an intent to seek control.
Frontier's reported 3,533,617-share position exceeds the 5% reporting threshold, which is material for market disclosure and investor awareness. The split between shared voting power (1,632,086) and full shared dispositive power indicates the adviser can influence sell/buy decisions but is not claiming sole control. Classification as an investment adviser (IA) and the included certification point to ordinary-course, non-activist behavior; however, a passive 6.64% stake can still matter for liquidity and block trade dynamics in SNCY stock.
TL;DR: This Schedule 13G is a routine disclosure of a significant passive holding with no declared intent to alter control.
The filing explicitly states the position was not acquired to change or influence control and the reporting person is an IA, which aligns with Schedule 13G usage for passive investors. From a governance perspective, the absence of sole voting or dispositive power reduces immediate takeover concerns. Still, a >5% holder merits monitoring for any future Schedule 13D amendments or evidence of coordination with other holders that could change the governance landscape.