Knighthead Capital Management, LLC
Follow13F filer, CIK 1512397, NEW YORK, NY
Knighthead Capital Management, LLC reported $2,102,351,655 across 8 holdings for the quarter ended 2024-12-31, in a 13F-HR filed 2025-02-14.
Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001012975-25-000102
- Period
- 2024-12-31
- Reported value
- $2.1B
- Holdings
- 8
- Top 10 weight
- 100%
- New
- 4
- Sold out
- 5
Largest buys vs the previous quarter
| Security | Shares change | Approx. value |
|---|---|---|
| ECHOadded | +20,000 | $458K |
| UPadded | +43,264 | $71.4K |
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 |
|---|---|---|
| SPYexited | -500,000 | -$287M |
| HYGexited | -3,000,000 | -$241M |
| IWMexited | -500,000 | -$110M |
| BRAEMAR HOTELS & RESORTS INCexited | -6,500,000 | -$5.97M |
| ATI PHYSICAL THERAPY INCexited | -258,600 | -$1.58M |
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, Q4 2024
Share positions as resolved from 13F-HR 0001012975-25-000102, largest first. % of portfolio is the value over $1,163,271,655, the sum of the share positions whose value is usable for ratios (method).
| Security | History | Shares | Value | % of portfolio | Change | Latest event | Timeline |
|---|---|---|---|---|---|---|---|
| HTZHERTZ GLOBAL HLDGS INC | 181,455,469 | $664M | 57.09% | -5 | Timeline | ||
| UPWHEELS UP EXPERIENCE INC | 258,169,208 | $426M | 36.62% | +43,264 | Timeline | ||
| GLOBAL BLUE GROUP HOLDING A…GLOBAL BLUE GROUP HOLDING AG ORD … | 9,286,969 | $64.4M | 5.53% | 0 | |||
| ECHOECHOSTAR CORP | 125,000 | $2.86M | 0.25% | +20,000 | Timeline |
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 |
|---|---|---|---|---|
| BRAEMAR HOTELS & RESORTS INCBRAEMAR HOTELS & RESORTS INC NOTE 4.500% 6/0 | principal | 6,500,000 | $5.94M | new |
Sold out in Q4 2024
Positions in the previous quarter's report that this quarter's report no longer lists.
| Security | Shares before | Value before | Type |
|---|---|---|---|
| SPYSTATE STR SPDR S&P 500 ETF T | 500,000 | $287M | shares |
| HYGISHARES TR | 3,000,000 | $241M | shares |
| IWMISHARES TR | 500,000 | $110M | shares |
| BRAEMAR HOTELS & RESORTS INCBRAEMAR HOTELS & RESORTS INC | 6,500,000 | $5.97M | shares |
| ATI PHYSICAL THERAPY INCATI PHYSICAL THERAPY INC | 258,600 | $1.58M | shares |
How Q4 2024 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 0001012975-25-000102 | base | 2025-02-14 | acceptance time not in the bulk data set |