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Knighthead Capital Management, LLC

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13F filer, CIK 1512397, NEW YORK, NY

Knighthead Capital Management, LLC reported $1,698,225,040 across 8 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001012975-25-000250

Period
2025-03-31
Reported value
$1.7B
Holdings
8
Top 10 weight
100%
New
1
Sold out
1

Part of the filer group Knighthead Capital Management, LLC

How groups are built

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001012975-25-000250, largest first. % of portfolio is the value over $1,047,235,040, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
HTZHERTZ GLOBAL 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: 181,455,474 shares; 2024Q4: 181,455,469 shares; 2025Q1: 181,455,469 shares 181,455,469$715M68.27%0Timeline
UPWHEELS UP EXPERIENCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 258,125,944 shares; 2024Q4: 258,169,208 shares; 2025Q1: 258,169,208 shares 258,169,208$261M24.9%0Timeline
GLOBAL BLUE GROUP HOLDING A…GLOBAL BLUE GROUP HOLDING AG ORD …Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 9,286,969 shares; 2024Q4: 9,286,969 shares; 2025Q1: 9,286,969 shares 9,286,969$68.4M6.53%0
ECHOECHOSTAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 105,000 shares; 2024Q4: 125,000 shares; 2025Q1: 125,000 shares 125,000$3.2M0.31%0Timeline

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
SPYSTATE STR SPDR S&P 500 ETF T SHSput500,000$280M0
HYGISHARES TR IBOXX HI YD ETFput3,000,000$237M-1,000,000
IWMISHARES TR SHSput500,000$99.7M-1,000,000
DALDELTA AIR LINES INC Stockcall800,000$34.9Mnew

Sold out in Q1 2025

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

SecurityShares beforeValue beforeType
BRAEMAR HOTELS & RESORTS INCBRAEMAR HOTELS & RESORTS INC6,500,000$5.94Mprincipal

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 0001012975-25-000250 base2025-05-15acceptance time not in the bulk data set