Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
TCTC Holdings, LLC
  2. Issuer Name and Ticker or Trading Symbol
HollyFrontier Corp [HFC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
2626 COLE AVENUE, SUITE 705
3. Date of Earliest Transaction (Month/Day/Year)
07/01/2011
(Street)

DALLAS, TX 75204
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
No securities are beneficially owned. 07/01/2011   J   0 D $ 0 0 I See Footnotes (1) (2) (3)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
TCTC Holdings, LLC
2626 COLE AVENUE
SUITE 705
DALLAS, TX 75204
    X    
Turtle Creek Trust Co
2626 COLE AVENUE
SUITE 705
DALLAS, TX 75204
    X    
Turtle Creek Management, LLC
2626 COLE AVENUE
SUITE 705
DALLAS, TX 75204
    X    

Signatures

 TCTC HOLDINGS, LLC, By: /s/ R. Craig Knocke, Name: R. Craig Knocke, Title: Manager   07/05/2011
**Signature of Reporting Person Date

 TURTLE CREEK TRUST COMPANY, By: /s/ R. Kevin Hardage, Name: R. Kevin Hardage, Title: President   07/05/2011
**Signature of Reporting Person Date

 TURTLE CREEK MANAGEMENT, LLC, By: /s/ Philip Kistler, Name: Philip Kistler, Title: Chief Executive Officer   07/05/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) This statement is jointly filed by and on behalf of each of TCTC Holdings, LLC ("TCTC Holdings"), Turtle Creek Trust Company ("Trust Company") and Turtle Creek Management, LLC ("Management" and together with TCTC Holdings and Trust Company, the "Reporting Persons"). On July 1, 2011, the Reporting Persons collectively ceased to be a 10% shareholder of HollyFrontier Corporation, upon the merger of a wholly-owned subsidiary of Holly Corporation with and into Frontier Oil Corporation.
(2) Each Reporting Person states that neither the filing of this statement nor anything herein shall be deemed an admission that such person is, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended (the "Act") or otherwise, the beneficial owner of any securities covered by this statement. Each Reporting Person disclaims beneficial ownership of the securities covered by this statement, except to the extent of the pecuniary interest of such person in such securities.
(3) Each Reporting Person may be deemed to be a member of a group with respect to the issuer or securities of the issuer for purposes of Section 13(d) or 13(g) of the Act. Each Reporting Person declares that neither the filing of this statement nor anything herein shall be construed as an admission that such person is, for the purposes of Section 13(d) or 13(g) of the Act or any other purpose, a member of a group with respect to the issuer or securities of the issuer.
 
Remarks:
Exhibit Index
Exhibit 99.1 - Joint Filer Information (furnished herewith)
Exhibit 99.2 - Joint Filing Agreement (incorporated by reference to Exhibit 99.2 of the Form 3 filed with the SEC by the Reporting Persons
on May 20, 2011)

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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