We are live on !
Find out more
Knighthead Capital Management Portfolio holdings
AUM
$1.18B
Turnover
63.64%
1-Year Est. Return
54.89%
This Fund
S&P 500
This Quarter Est. Return
-40.37%
1 Year Est. Return
-54.89%
3 Year Est. Return
-74.14%
5 Year Est. Return
-83.11%
10 Year Est. Return
-87.99%
AUM
$1.18B
AUM Growth
-$343M
(-23%)
Cap. Flow
+$15.7M
Cap. Flow % of AUM
Cap. Flow %
1.33%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
11
New
6
Increased
–
Reduced
1
Closed
1
Avg Time Held
Equity + Options
1
year
Top 10 Avg Time Held
Equity + Options
1
year
Top 20 Avg Time Held
Equity + Options
1
year
Avg Time Held Equity only
2
years
Top 10 Avg Time Held Equity only
2
years
Top 20 Avg Time Held Equity only
2
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Azul S.A.
AZUL
|
+$15.7M |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 52.41% |
| 2 | Industrials | 46.18% |
| 3 | Communication Services | 1.4% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Hertz
HTZ
$684M
| $412M | 34.99% |
181,455,469
| – | – |
2021 Q4
18 quarters
|
|
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$802B
| $373M | 31.72% |
+500,000
| New | +$363M |
2026 Q2
0 quarters
|
|
3
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.6B
| $120M | 10.19% |
1,500,000
-500,000
| -25% | -$40M |
2024 Q4
6 quarters
|
|
4
Wheels Up
UP
$116M
| $116M | 9.84% |
12,908,460
| – | – |
2023 Q3
11 quarters
|
|
5
CALL
EchoStar
ECHO
$28.2B
| $48.2M | 4.1% |
+475,000
| New | +$58.1M |
2026 Q2
0 quarters
|
|
|
6
PUT
EchoStar
ECHO
$28.2B
| $38.1M | 3.23% |
+375,000
| New | +$45.8M |
2026 Q2
0 quarters
|
|
7
CALL
Sportradar
SRAD
$3.56B
| $29.9M | 2.54% |
+2,000,000
| New | +$29.1M |
2026 Q2
0 quarters
|
|
8
Telephone and Data Systems
TDS
$3.95B
| $16.5M | 1.4% |
445,695
| – | – |
2025 Q3
3 quarters
|
|
|
9
Azul S.A.
AZUL
$802M
| $16M | 1.36% |
+1,773,734
| New | +$15.7M |
2026 Q2
0 quarters
|
|
|
10
CALL
Telephone and Data Systems
TDS
$3.95B
| $7.42M | 0.63% |
+200,000
| New | +$8.43M |
2026 Q2
0 quarters
|
|
11
PUT
iShares Russell 2000 ETF
IWM
$74.9B
| – | – |
-1,500,000
| Closed | -$372M | – |
|
Similar funds
CF
MI
C
Knighthead Capital Management's Q2 2026 Portfolio in Review
As of Q2 2026, Knighthead Capital Management held 11 positions worth $1.18B, down 23% from $1.52B the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Knighthead Capital Management's Q2 2026 filing shows 6 new, 1 reduced and 1 closed positions. Its largest new stake was Azul S.A.: 1,773,734 shares worth $16M.
By sector, the portfolio is most concentrated in Miscellaneous at 52% of assets, up from 35% a quarter earlier, followed by Industrials and Communication Services.
- Knighthead Capital Management's largest Q2 2026 buy was Azul S.A.: 1,773,734 shares worth $16M.
- Knighthead Capital Management's ten largest holdings make up 100% of its $1.18B portfolio in Q2 2026.
- Knighthead Capital Management opened 6 new positions and closed 1 in Q2 2026.
- Knighthead Capital Management's portfolio value fell 23% quarter-over-quarter to $1.18B.
Based on Knighthead Capital Management's 13F filing for Q2 2026, filed 14 Aug 2026.