Institutional Manager · CIK 0001512397
Knighthead Capital Management, LLC
NEW YORK, NY · File #028-14346
Latest AUM
$1.39B
Positions
6
Top-10 Concentration
100.0%
Filings
10
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| EXITED | ISHARES TR | 464287655 | -1,500,000 | -$362.9M | $0 |
| EXITED | ISHARES TR | 464287465 | -2,000,000 | -$186.7M | $0 |
| NEW | ISHARES TR | 464287432 | +1,000,000 | +$87.2M | $0 |
| ADD | TELEPHONE & DATA SYS INC | TDS-PV | +344,061 | +$14.1M | +$302,613 |
| ADD | ECHOSTAR CORP | SATS | +31 | +$3,370 | +$4.0M |
| REDUCE | HERTZ GLOBAL HLDGS INC | HTZWW | 0 | $0 | -$301.2M |
| REDUCE | ISHARES TR | 464288513 | 0 | $0 | -$1.1M |
| REDUCE | WHEELS UP EXPERIENCE INC | WSUPW | 0 | $0 | -$305.5M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 20256 pos · $1.39B
- 13F HOLDINGS REPORTQ/E Sep 20258 pos · $2.56B
- 13F HOLDINGS REPORTQ/E Jun 20257 pos · $2.05B
- 13F HOLDINGS REPORTQ/E Mar 20258 pos · $1.70B
- 13F HOLDINGS REPORTQ/E Dec 20249 pos · $2.10B
- 13F HOLDINGS REPORTQ/E Sep 202410 pos · $1.92B
- 13F HOLDINGS REPORTQ/E Jun 20249 pos · $2.10B
- 13F HOLDINGS REPORTQ/E Mar 20248 pos · $2.66B
- 13F HOLDINGS REPORT (Amended)Q/E Dec 20239 pos · $3.13B
- 13F HOLDINGS REPORTQ/E Dec 20239 pos · $3.13B
Top 6 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | HERTZ GLOBAL HLDGS INC | HTZWW | 181,455,469 | $932.7M | 67.33% |
| 2 | WHEELS UP EXPERIENCE INC | WSUPW | 258,169,208 | $169.4M | 12.23% |
| 3 | ISHARES TR | 464288513 | 2,000,000 | $161.3M | 11.64% |
| 4 | ISHARES TR | 464287432 | 1,000,000 | $87.2M | 6.29% |
| 5 | TELEPHONE & DATA SYS INC | TDS-PV | 516,000 | $21.2M | 1.53% |
| 6 | ECHOSTAR CORP | SATS | 125,031 | $13.6M | 0.98% |