Knighthead Capital Management’s United Airlines UAL Stock Holding History

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

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q2	–	Sell	-294,490	Closed	-$17.6M	–	9
2016 Q1	$17.6M	Sell	294,490 -126,210	-30%	-$6.7M	7.15%	8
2015 Q4	$24.1M	Sell	420,700 -105,000	-20%	-$6.06M	4.49%	8
2015 Q3	$27.9M	Sell	525,700 -95,510	-15%	-$5.39M	7.26%	6
2015 Q2	$32.9M	Hold	621,210	–	–	3.05%	8
2015 Q1	$41.8M	Sell	621,210 -1,135,886	-65%	-$77M	8.79%	5
2014 Q4	$118M	Buy	1,757,096 +7,976	+0.5%	+$442K	11.53%	2
2014 Q3	$81.8M	Hold	1,749,120	–	–	12.19%	3
2014 Q2	$71.8M	Hold	1,749,120	–	–	9.4%	3
2014 Q1	$78.1M	Buy	1,749,120 +116,565	+7%	+$5.24M	8.27%	4
2013 Q4	$61.8M	Sell	1,632,555 -122,435	-7%	-$4.29M	8.77%	3
2013 Q3	$53.9M	Buy	1,754,990 +18,192	+1%	+$585K	10.3%	3
2013 Q2	$54.3M	Buy	+1,736,798	New	+$55.3M	10.54%	1

Other funds holding UAL

Primecap Management Pasadena, California $169B AUM 114.72% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

PCM

PAR Capital Management Boston, Massachusetts $4.03B AUM 35.05% 1-Year Est. Return

ACM

Altimeter Capital Management Boston, Massachusetts $9.83B AUM 24.98% 1-Year Est. Return

D.E. Shaw & Co New York $210B AUM 57.28% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Newport Trust Company Washington, District of Columbia $41.5B AUM 16.76% 1-Year Est. Return

Geode Capital Management Boston, Massachusetts $1.88T AUM 44.46% 1-Year Est. Return

Knighthead Capital Management's UAL Position: Q2 2016 in Review

Knighthead Capital Management sold out of United Airlines (UAL) in Q2 2016, closing a stake of 294,490 shares — an estimated $17.6M sold.

Knighthead Capital Management first reported a position in UAL in Q2 2013 and held it in 12 quarters. The position peaked at $118M in Q4 2014. 523 funds tracked by Wall St. Rank hold UAL as of Q2 2016.

Knighthead Capital Management reported no remaining United Airlines position as of Q2 2016 after selling out during the quarter.
Knighthead Capital Management sold 294,490 United Airlines shares in Q2 2016, an estimated $17.6M.
Knighthead Capital Management first reported a position in United Airlines in Q2 2013 and held it in 12 quarters.
Knighthead Capital Management's United Airlines position peaked at $118M in Q4 2014.
523 funds tracked by Wall St. Rank held United Airlines as of Q2 2016.

Based on Knighthead Capital Management's 13F filing for Q2 2016, filed 15 Aug 2016.