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KING STREET CAPITAL MANAGEMENT, L.P.

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13F filer, CIK 1218199, New York, NY

KING STREET CAPITAL MANAGEMENT, L.P. reported $861,664,677 across 14 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 98.1% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-001952

Period
2025-03-31
Reported value
$862M
Holdings
14
Top 10 weight
98.1%
New
3
Sold out
4

Part of the filer group KING STREET CAPITAL MANAGEMENT, L.P.

How groups are built

Stakes and trades reported after 2025-03-31

13D, 13G and Form 4 filings by this filer's group, dated after the 13F period, on securities the quarter does not hold as shares.

  • NEW FORTRESS ENERGY INC: 13G 301,730 shares, 12.3% of the class, 13G filed 2026-10-07, 0000895345-26-000449
    Accepted , ingested

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BAadded+400,000$68.2M
SGRYadded+2,200,000$52.2M
UNITI GROUP INCadded+1,800,000$9.07M
HOUSnew+1,750,000$5.83M
OPTUadded+1,300,000$3.46M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
PG&E CORPexited-1,600,000-$79.9M
BLCOexited-1,136,321-$20.5M
AVAHreduced-140,000-$759K
PLMWFexited-333,333-$60K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001172661-25-001952, largest first. % of portfolio is the value over $753,686,677, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 500,000 shares; 2025Q1: 900,000 shares 900,000$153M20.37%+400,000Timeline
SGRYSURGERY PARTNERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,450,000 shares; 2024Q4: 2,800,000 shares; 2025Q1: 5,000,000 shares 5,000,000$119M15.76%+2,200,000Timeline
BAPRABOEING COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,700,000 shares; 2025Q1: 1,700,000 shares 1,700,000$101M13.4%0Timeline
AVAHAVEANNA HEALTHCARE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,400,000 shares; 2024Q4: 6,400,000 shares; 2025Q1: 6,260,000 shares 6,260,000$33.9M4.5%-140,000Timeline
UNITI GROUP INCUNITI GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,560,000 shares; 2024Q4: 2,600,000 shares; 2025Q1: 4,400,000 shares 4,400,000$22.2M2.94%+1,800,000
PCGPG&E CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 860,000 shares; 2025Q1: 1,000,000 shares 1,000,000$17.2M2.28%+140,000Timeline
OPTUOPTIMUM COMMUNICATIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,500,000 shares; 2024Q4: 2,500,000 shares; 2025Q1: 3,800,000 shares 3,800,000$10.1M1.34%+1,300,000Timeline
AMBPARDAGH METAL PACKAGING S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,000,000 shares; 2024Q4: 2,550,000 shares; 2025Q1: 2,800,000 shares 2,800,000$8.46M1.12%+250,000Timeline
HOUSANYWHERE REAL ESTATE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 1,750,000 shares 1,750,000$5.83M0.77%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
NVDANVIDIA CORPORATION COMput600,000$65M0
PCGPG&E CORP Stockcall2,500,000$43Mnew

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
PG&E CORPPG&E CORP NOTE 4.250%12/0principal218,000,000$231M+100,000,000
ZTO EXPRESS CAYMAN INCZTO EXPRESS CAYMAN INC NOTE 1.500% 9/0principal36,013,000$36.2Mnew
ANYWHERE REAL ESTATE GROUP LANYWHERE REAL ESTATE GROUP L CNVprincipal16,500,000$15.4M0

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
PG&E CORPPG&E CORP1,600,000$79.9Mshares
BLCOBAUSCH PLUS LOMB CORP1,136,321$20.5Mshares
UPSTART HLDGS INCUPSTART HLDGS INC10,000,000$9Mprincipal
PLMWFPLUM ACQUISITION CORP. III WAR333,333$60Kshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-25-001952 base2025-05-15acceptance time not in the bulk data set