Knighthead Capital Management’s State Street SPDR S&P 500 ETF Trust SPY Stock Holding History

Knighthead Capital Management’s Portfolio SPY Stock Details SPY Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q2	–	Sell	-500,000	Closed	-$280M	–	9
2025 Q1	$280M	Hold	500,000	–	–	16.47%	2
2024 Q4	$293M	Buy	+500,000	New	+$295M	13.94%	5
2024 Q3	–	Sell	-1,000,000	Closed	-$544M	–	12
2024 Q2	$544M	Buy	1,000,000 +500,000	+100%	+$262M	25.96%	2
2024 Q1	$262M	Sell	500,000 -500,000	-50%	-$249M	9.83%	3
2023 Q4	$475M	Hold	1,000,000	–	–	12.83%	3
2023 Q3	$427M	Sell	1,000,000 -1,000,000	-50%	-$445M	13.66%	2
2023 Q2	$887M	Sell	2,000,000 -1,000,000	-33%	-$420M	18.28%	2
2023 Q1	$1.23B	Buy	3,000,000 +1,500,000	+100%	+$598M	26.44%	2
2022 Q4	$574M	Buy	1,500,000 +500,000	+50%	+$192M	15.06%	2
2022 Q3	$357M	Sell	1,000,000 -4,500,000	-82%	-$1.79B	8.98%	2
2022 Q2	$2.07B	Sell	5,500,000 -2,200,000	-29%	-$901M	38.41%	2
2022 Q1	$3.48B	Buy	7,700,000 +5,700,000	+285%	+$2.54B	40.98%	2
2021 Q4	$950M	Hold	2,000,000	–	–	15.9%	2
2021 Q3	$858M	Hold	2,000,000	–	–	51.74%	1
2021 Q2	$856M	Buy	+2,000,000	New	+$835M	59.23%	1
2021 Q1	–	Sell	-500,000	Closed	-$187M	–	22
2020 Q4	$187M	Buy	500,000 +50,000	+11%	+$17.7M	11%	2
2020 Q3	$151M	Sell	450,000 -102,000	-18%	-$33.8M	22.35%	2
2020 Q2	$170M	Sell	552,000 -548,000	-50%	-$160M	31.36%	2
2020 Q1	$284M	Buy	1,100,000 +500,000	+83%	+$153M	55.21%	1
2019 Q4	$193M	Sell	600,000 -1,000,000	-63%	-$308M	41.12%	1
2019 Q3	$475M	Buy	1,600,000 +1,000,000	+167%	+$295M	66.63%	1
2019 Q2	$176M	Hold	600,000	–	–	24.45%	2
2019 Q1	$169M	Buy	600,000 +6,000	+1%	+$1.63M	31.43%	2
2018 Q4	$148M	Sell	594,000 -406,000	-41%	-$109M	49.73%	1
2018 Q3	$291M	Hold	1,000,000	–	–	10.4%	2
2018 Q2	$271M	Hold	1,000,000	–	–	45.04%	1
2018 Q1	$263M	Sell	1,000,000 -500,000	-33%	-$136M	45.07%	1
2017 Q4	$400M	Hold	1,500,000	–	–	57.04%	1
2017 Q3	$377M	Hold	1,500,000	–	–	53.83%	1
2017 Q2	$363M	Sell	1,500,000 -401,400	-21%	-$96.2M	60.35%	1
2017 Q1	$448M	Buy	1,901,400 +23,300	+1%	+$5.41M	65.64%	1
2016 Q4	$420M	Sell	1,878,100 -585,300	-24%	-$128M	69.32%	1
2016 Q3	$533M	Buy	+2,463,400	New	+$532M	76.47%	1
2015 Q3	–	Sell	-2,750,000	Closed	-$566M	–	14
2015 Q2	$566M	Buy	+2,750,000	New	+$578M	52.39%	1
2014 Q2	–	Sell	-640,000	Closed	-$120M	–	22
2014 Q1	$120M	Buy	+640,000	New	+$117M	12.68%	2

Other funds holding SPY

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Royal Bank of Canada Toronto, Ontario, Canada $570B AUM 27.57% 1-Year Est. Return

Knighthead Capital Management's SPY Position: Q4 2024 in Review

Knighthead Capital Management sold out of State Street SPDR S&P 500 ETF Trust (SPY) in Q4 2024, closing a stake of 500,000 shares — an estimated $295M sold.

Knighthead Capital Management first reported a position in SPY in Q3 2024 and held it in 1 quarter. The position peaked at $287M in Q3 2024. 4,229 funds tracked by Wall St. Rank hold SPY as of Q4 2024.

Knighthead Capital Management reported no remaining State Street SPDR S&P 500 ETF Trust position as of Q4 2024 after selling out during the quarter.
Knighthead Capital Management sold 500,000 State Street SPDR S&P 500 ETF Trust shares in Q4 2024, an estimated $295M.
Knighthead Capital Management first reported a position in State Street SPDR S&P 500 ETF Trust in Q3 2024 and held it in 1 quarter.
Knighthead Capital Management's State Street SPDR S&P 500 ETF Trust position peaked at $287M in Q3 2024.
4,229 funds tracked by Wall St. Rank held State Street SPDR S&P 500 ETF Trust as of Q4 2024.

Based on Knighthead Capital Management's 13F filing for Q4 2024, filed 14 Feb 2025.