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KCM

Knighthead Capital Management Portfolio holdings

AUM $1.52B
1-Year Est. Return 19.8%
This Fund
S&P 500
This Quarter Est. Return
+8.74%
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
$523M
AUM Growth
+$7.49M
Cap. Flow
-$29.4M
Cap. Flow %
-5.61%
Top 10 Hldgs %
74.35%
Holding
25
New
1
Increased
6
Reduced
4
Closed
2

Top Buys

Rank Stock Value
1
EXC icon
Exelon
EXC
+$10.3M
2
CLD
Cloud Peak Energy Inc
CLD
+$8.53M
3
ANDV
Andeavor
ANDV
+$8.05M
4
ACAS
American Capital Ltd
ACAS
+$5.59M
5
TRN icon
Trinity Industries
TRN
+$2.84M

Top Sells

Rank Stock Value
1
GPK icon
Graphic Packaging
GPK
+$36.6M
2
TMUS icon
T-Mobile US
TMUS
+$9.62M
3
GT icon
Goodyear
GT
+$8.61M
4
APTV icon
Aptiv
APTV
+$6.35M
5
PLCE icon
Children's Place
PLCE
+$3.73M

Sector Composition

Rank Sector Weight
1 Energy 23.05%
2 Consumer Discretionary 13.69%
3 Industrials 10.9%
4 Materials 9.07%
5 Technology 6.38%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YPF icon
1
YPF
YPF
$20.4B
$62.6M 11.97%
3,111,746
+125,000
+4% +$2.14M
ACAS
2
DELISTED
American Capital Ltd
ACAS
$61.3M 11.71%
4,454,738
+425,000
+11% +$5.59M
UAL icon
3
United Airlines
UAL
$40.1B
$53.9M 10.3%
1,754,990
+18,192
+1% +$585K
GM icon
4
General Motors
GM
$80B
$37.9M 7.25%
1,054,866
– –
DYN
5
DELISTED
Dynegy, Inc.
DYN
$33.9M 6.47%
1,752,830
– –
AAPL icon
6
Apple
AAPL
$4.9T
$33.4M 6.38%
1,960,000
– –
ANDV
7
DELISTED
Andeavor
ANDV
$30.2M 5.77%
686,531
+161,531
+31% +$8.05M
NE
8
DELISTED
Noble Corporation
NE
$27.6M 5.27%
835,120
– –
CLD
9
DELISTED
Cloud Peak Energy Inc
CLD
$25.3M 4.83%
1,723,644
+531,538
+45% +$8.53M
CLW icon
10
Clearwater Paper
CLW
$341M
$22.9M 4.39%
480,437
-26,780
-5% -$1.3M
MERC icon
11
Mercer International
MERC
$39.5M
$19.8M 3.78%
2,791,741
– –
EXXI
12
DELISTED
ENERGY XXI LTD COM SHS
EXXI
$19.2M 3.66%
634,603
– –
GPK icon
13
Graphic Packaging
GPK
$3.24B
$17.9M 3.43%
2,095,651
-4,272,144
-67% -$36.6M
HCA icon
14
HCA Healthcare
HCA
$85.7B
$16.6M 3.17%
388,202
– –
GT icon
15
Goodyear
GT
$2.04B
$15.7M 3%
700,000
-450,000
-39% -$8.61M
EXC icon
16
Exelon
EXC
$46.6B
$14.4M 2.76%
683,335
+473,035
+225% +$10.3M
DISH
17
DELISTED
DISH Network Corp.
DISH
$14.1M 2.7%
313,426
– –
AZC
18
DELISTED
AUGUSTA RESOURCE CORP
AZC
$4.73M 0.9%
2,308,100
– –
CYH icon
19
Community Health Systems
CYH
$391M
$4.15M 0.79%
121,000
– –
TRN icon
20
Trinity Industries
TRN
$2.73B
$3.14M 0.6%
+192,204
New +$2.84M
VTG
21
DELISTED
VANTAGE DRILLING COMPANY ORD SHS (KY)
VTG
$2.49M 0.48%
1,440,615
– –
TMUS icon
22
T-Mobile US
TMUS
$186B
$714K 0.14%
27,512
-393,688
-93% -$9.62M
APTV icon
23
Aptiv
APTV
$12.3B
– –
-125,205
Closed -$6.35M
PLCE icon
24
Children's Place
PLCE
$54.3M
– –
-68,023
Closed -$3.73M

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Knighthead Capital Management's Q3 2013 Portfolio in Review

As of Q3 2013, Knighthead Capital Management held 25 positions worth $523M, up 1.5% from $516M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Knighthead Capital Management withdrew a net $29.4M in Q3 2013, closing 2 positions and reducing 4 holdings. Its most notable exit was Aptiv, an estimated $6.35M position sold in full.

By sector, the portfolio is most concentrated in Energy at 23% of assets, up from 18% a quarter earlier, followed by Consumer Discretionary and Industrials.

Against the trend, Knighthead Capital Management opened a new position in Trinity Industries worth $3.14M.

  • Knighthead Capital Management's largest Q3 2013 buy was Trinity Industries: 192,204 shares worth $3.14M.
  • Knighthead Capital Management added most to Exelon in Q3 2013, an estimated $10.3M increase.
  • Knighthead Capital Management's biggest Q3 2013 reduction was Graphic Packaging, cutting an estimated $36.6M.
  • Knighthead Capital Management fully exited Aptiv in Q3 2013, selling an estimated $6.35M.
  • Knighthead Capital Management's ten largest holdings make up 74% of its $523M portfolio in Q3 2013.
  • Knighthead Capital Management opened 1 new position and closed 2 in Q3 2013.
  • Knighthead Capital Management's portfolio value rose 1.5% quarter-over-quarter to $523M.

Based on Knighthead Capital Management's 13F filing for Q3 2013, filed 14 Nov 2013.