Top Institutional Investors

Knighthead Capital Management, LLC — 13F Holdings & Portfolio

CIK 1512397 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Knighthead Capital Management, LLC manages $1.18B in 13F-reported U.S. long-equity assets across 10 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are HTZ (34.99%), SPY (31.72%), HYG (10.19%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions, exited 1, added to 0, and trimmed 2.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Filer Information
Address
320 PARK AVENUE
28TH FLOOR
NEW YORK, NY 10022
Phone
(212) 356-2914
Filing Manager
Knighthead Capital Management, LLC
NEW YORK, NY
Signatory
Thomas Wagner
Managing Member
Loading holdings…
AUM

$1.18B

Long-equity book

Holdings

10

Distinct positions

Period

2026-06-30

Filed 2026-08-14

Q/Q Activity

+2 / −1 / ↑0 / ↓2

vs 2026-03-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • No increased positions.
Show all 0 →

Top Trims

  • HERTZ GLOBAL HLDGS INC-$424.6M -50.8%
  • TELEPHONE & DATA SYS INC-$2.3M -12.1%
Show all 2 →

New Positions

  • WHEELS UP EXPERIENCE INC$115.8M
  • AZUL S A$16.0M
Show all 2 →

Exited Positions

  • WHEELS UP EXPERIENCE INC$133.3M
Show all 1 →
All Holdings

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 HERTZ GLOBAL HLDGS INC HTZ 42806J700 $411.9M 34.99% 181,455,469 SH
2 STATE STREET SPDR S&P 500 ETF T Put SPY 78462F103 $373.4M 31.72% 500,000 SH
3 ISHARES TR Put HYG 464288513 $120.0M 10.19% 1,500,000 SH
4 WHEELS UP EXPERIENCE INC UP 96328L304 $115.8M 9.84% 12,908,460 SH
5 ECHOSTAR CORP Call ECHO 278768106 $48.2M 4.10% 475,000 SH
6 ECHOSTAR CORP Put ECHO 278768106 $38.1M 3.23% 375,000 SH
7 SPORTRADAR GROUP AG Call SRAD H8088L103 $29.9M 2.54% 2,000,000 SH
8 TELEPHONE & DATA SYS INC TDS 879433829 $16.5M 1.40% 445,695 SH
9 AZUL S A AZUL 05501U601 $16.0M 1.36% 1,773,734 SH
10 TELEPHONE & DATA SYS INC Call TDS 879433829 $7.4M 0.63% 200,000 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $1.18B 10 0001012975-26-000784
2026-03-31 2026-05-15 $1.52B 6 0001012975-26-000450
2025-12-31 2026-02-17 $0 0 0001012975-26-000167
2025-09-30 2025-11-14 $0 0 0001012975-25-000778