We are live on ! Find out more
KCM

Knighthead Capital Management Portfolio holdings

AUM $1.52B
1-Year Est. Return 19.8%
This Fund
S&P 500
This Quarter Est. Return
+21.99%
1 Year Est. Return
+19.8%
3 Year Est. Return
-51.34%
5 Year Est. Return
-74.51%
10 Year Est. Return
-80.74%
AUM
$704M
AUM Growth
+$181M
Cap. Flow
+$75M
Cap. Flow %
10.65%
Top 10 Hldgs %
71.69%
Holding
30
New
8
Increased
2
Reduced
6
Closed
3

Top Buys

Rank Stock Value
1
HMHC
Houghton Mifflin Harcourt Company
HMHC
+$51.1M
2
AAL icon
American Airlines Group
AAL
+$21.2M
3
EXC icon
Exelon
EXC
+$15.9M
4
AEO icon
American Eagle Outfitters
AEO
+$8.9M
5
DK icon
Delek US
DK
+$6.92M

Top Sells

Rank Stock Value
1
CLW icon
Clearwater Paper
CLW
+$22.9M
2
GT icon
Goodyear
GT
+$11.6M
3
UAL icon
United Airlines
UAL
+$4.29M
4
TRN icon
Trinity Industries
TRN
+$3.14M
5
GPK icon
Graphic Packaging
GPK
+$2.9M

Sector Composition

Rank Sector Weight
1 Energy 26.31%
2 Industrials 12.75%
3 Consumer Discretionary 10.06%
4 Communication Services 9.86%
5 Technology 5.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AZC
26
DELISTED
AUGUSTA RESOURCE CORP
AZC
$2.77M 0.39%
1,948,800
-359,300
-16% -$596K
VTG
27
DELISTED
VANTAGE DRILLING COMPANY ORD SHS (KY)
VTG
$2.65M 0.38%
1,440,615
– –
CLW icon
28
Clearwater Paper
CLW
$339M
– –
-480,437
Closed -$22.9M
TMUS icon
29
T-Mobile US
TMUS
$185B
– –
-27,512
Closed -$714K
TRN icon
30
Trinity Industries
TRN
$2.49B
– –
-192,204
Closed -$3.14M
1
2

Similar funds

MCIL
MFF Capital Investments Ltd Sydney $1.52B AUM
ACL
Azora Capital LP Miami, Florida $1.52B AUM 39.16% 1-Year Est. Return
ARAM
Ardmore Road Asset Management New York $1.52B AUM 56.21% 1-Year Est. Return
AM
Ares Management Los Angeles, California $1.52B AUM 12.97% 1-Year Est. Return
PP
PDS Planning Dublin, Ohio $1.52B AUM 18.08% 1-Year Est. Return
PAG
Private Advisory Group Redmond, Washington $1.52B AUM 41.01% 1-Year Est. Return
FCM
Fairholme Capital Management South Miami, Florida $1.51B AUM 28.27% 1-Year Est. Return
KP
Keel Point Huntsville, Alabama $1.51B AUM 20.06% 1-Year Est. Return

Knighthead Capital Management's Q4 2013 Portfolio in Review

As of Q4 2013, Knighthead Capital Management held 30 positions worth $704M, up 35% from $523M the previous quarter. Its ten largest holdings account for 72% of the portfolio.

Knighthead Capital Management deployed $75M of net new capital in Q4 2013, opening 8 new positions and adding to 2 existing holdings. Its largest new stake was Houghton Mifflin Harcourt Company: 3,021,220 shares worth $51.2M.

By sector, the portfolio is most concentrated in Energy at 26% of assets, up from 23% a quarter earlier, followed by Industrials and Consumer Discretionary.

On the sell side, the largest reduction was Goodyear, an estimated $11.6M trimmed.

  • Knighthead Capital Management's largest Q4 2013 buy was Houghton Mifflin Harcourt Company: 3,021,220 shares worth $51.2M.
  • Knighthead Capital Management added most to Exelon in Q4 2013, an estimated $15.9M increase.
  • Knighthead Capital Management's biggest Q4 2013 reduction was Goodyear, cutting an estimated $11.6M.
  • Knighthead Capital Management fully exited Clearwater Paper in Q4 2013, selling an estimated $22.9M.
  • Knighthead Capital Management's ten largest holdings make up 72% of its $704M portfolio in Q4 2013.
  • Knighthead Capital Management opened 8 new positions and closed 3 in Q4 2013.
  • Knighthead Capital Management's portfolio value rose 35% quarter-over-quarter to $704M.

Based on Knighthead Capital Management's 13F filing for Q4 2013, filed 14 Feb 2014.