Amanah Holdings Trust 13F: New $142M Stake in Frontline (FRO)

Amanah Holdings Trust opened a new stake in Frontline plc FRO, acquiring 2,881,844 shares with a reported value of $141,988,454 in a Form 13F filing disclosed on October 23, 2026.

FRO Frontline plc

$52.94 ▲ +195.59% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Amanah Holdings Trust's Frontline Position

The filing shows that Amanah Holdings Trust started a brand-new position in the oil and product tanker company during the quarter. Because this is a new holding, there was no prior share count. The trust ended up with 2,881,844 shares valued at roughly $141.9 million.

Other Institutional Activity in Frontline

Other large investors adjusted their holdings in Frontline around the same period. U.S. Global Investors started a new position with 14,847 shares valued at $731,512 in a filing on October 22, 2026. Voloridge Investment Management lifted its stake by 1,067,154 shares to finish with 1,785,579 shares worth about $68.6 million. Arrowstreet Capital, Limited Partnership raised its holdings by 923,043 shares, ending with 6,706,520 shares valued at $355.0 million. Two Sigma Investments, LP trimmed its position by 61,913 shares, leaving it with 3,096,928 shares worth $163.9 million. Acadian Asset Management, LLC grew its stake by 1,086,204 shares to hold 2,066,976 shares valued at $109.4 million.

Frontline plc Stock Up 3.2%

Frontline shares closed at $52.94 on October 23, 2026. The stock recently traded around that same price on October 24, 2026. The shares sit 11.4% below their 52-week high of $59.75 and well above their 52-week low of $20.47.

Recent Earnings

Frontline reported trailing twelve month revenue of $2.71 billion and earnings of $6.67 per share. The company posted a net profit margin of 54.8% and a return on equity of 53.9%. The company's next earnings report is scheduled for November 30, 2026.

Dividend

Frontline pays an annual dividend of $5.38 per share, giving the stock a dividend yield of 10.5% with a payout ratio of 46.9%.

Analysts Set New Price Targets

Evercore ISI Group maintained its In-Line rating with a $41.00 price target on August 31, 2026. Later, BTIG maintained a Buy rating and raised its price target to $70.00 on September 18, 2026. Wall Street analysts hold a mean price target of $54.25 based on four analyst opinions.

About Frontline

Frontline plc operates as an international shipping business based in Limassol, Cyprus. The firm owns and manages a fleet of oil and product tankers, including very large crude carriers, Suezmax vessels, and smaller tanker types. It charters, buys, and sells vessels to support global energy transportation needs.

Bottom Line

Institutional interest in Frontline remains active as large investors build positions in the shipping sector. Investors will watch for the company's upcoming earnings release on November 30, 2026, to gauge ongoing operational performance and fleet demand.