KING STREET CAPITAL MANAGEMENT, L.P.
Follow13F filer, CIK 1218199, New York, NY
KING STREET CAPITAL MANAGEMENT, L.P. reported $1,049,638,401 across 12 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 100% of the portfolio.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-003271
- Period
- 2025-06-30
- Reported value
- $1.05B
- Holdings
- 12
- Top 10 weight
- 100%
- New
- 2
- Sold out
- 4
Stakes and trades reported after 2025-06-30
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
| Security | Shares change | Approx. value |
|---|---|---|
| SGRYadded | +1,225,000 | $27.2M |
| HOUSadded | +3,050,000 | $11M |
| UNITI GROUP INCadded | +1,600,000 | $6.91M |
| Leslie's Incnew | +1,500,000 | $630K |
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
| Security | Shares change | Approx. value |
|---|---|---|
| BAreduced | -150,000 | -$31.4M |
| PCGexited | -1,000,000 | -$17.2M |
| OPTUexited | -3,800,000 | -$10.1M |
| AVAHreduced | -1,710,000 | -$8.94M |
| AMBPreduced | -1,050,000 | -$4.49M |
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, Q2 2025
Share positions as resolved from 13F-HR 0001172661-25-003271, largest first. % of portfolio is the value over $632,244,401, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| BABOEING CO | 750,000 | $157M | 24.86% | -150,000 | Timeline | ||
| SGRYSURGERY PARTNERS INC | 6,225,000 | $138M | 21.89% | +1,225,000 | Timeline | ||
| BAPRABOEING CO | 1,700,000 | $116M | 18.31% | 0 | Timeline | ||
| UNITI GROUP INCUNITI GROUP INC | 6,000,000 | $25.9M | 4.1% | +1,600,000 | |||
| AVAHAVEANNA HEALTHCARE HLDGS INC | 4,550,000 | $23.8M | 3.76% | -1,710,000 | Timeline | ||
| HOUSANYWHERE REAL ESTATE INC | 4,800,000 | $17.4M | 2.75% | +3,050,000 | Timeline | ||
| AMBPARDAGH METAL PACKAGING S A | 1,750,000 | $7.49M | 1.18% | -1,050,000 | Timeline | ||
| Leslie's IncLeslie's Inc | 1,500,000 | $630K | 0.1% | new |
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).
Principal amounts
Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).
| Security | Type | Amount | Value | Change |
|---|---|---|---|---|
| PG&E CORPPG&E CORP NOTE 4.250%12/0 | principal | 110,000,000 | $109M | -108,000,000 |
| ZTO EXPRESS CAYMAN INCZTO EXPRESS CAYMAN INC NOTE 1.500% 9/0 | principal | 37,513,000 | $36.9M | +1,500,000 |
Sold out in Q2 2025
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| PCGPG&E CORP | 2,500,000 | $43M | call |
| PCGPG&E CORP | 1,000,000 | $17.2M | shares |
| ANYWHERE REAL ESTATE GROUP LANYWHERE REAL ESTATE GROUP L | 16,500,000 | $15.4M | principal |
| OPTUOPTIMUM COMMUNICATIONS INC | 3,800,000 | $10.1M | shares |
How Q2 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).
| Filing | Role | Amendment | Filed | Accepted | Ingested |
|---|---|---|---|---|---|
| 13F-HR 0001172661-25-003271 | base | 2025-08-14 | acceptance time not in the bulk data set |