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
+3.5%
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
$475M
AUM Growth
-$544M
Cap. Flow
-$551M
Cap. Flow %
-115.95%
Top 10 Hldgs %
99.47%
Holding
20
New
–
Increased
7
Reduced
2
Closed
8

Top Buys

Rank Stock Value
1
BPOP icon
Popular Inc
BPOP
+$5.87M
2
YPF icon
YPF
YPF
+$2.82M
3
GM icon
General Motors
GM
+$1.36M
4
MERC icon
Mercer International
MERC
+$1.36M
5
ACAS
American Capital Ltd
ACAS
+$919K

Top Sells

Rank Stock Value
1
AAL icon
American Airlines Group
AAL
+$141M
2
UAL icon
United Airlines
UAL
+$77M
3
DYN
Dynegy, Inc.
DYN
+$27.8M
4
DISH
DISH Network Corp.
DISH
+$24.5M
5
HMHC
Houghton Mifflin Harcourt Company
HMHC
+$21.2M

Sector Composition

Rank Sector Weight
1 Industrials 40.58%
2 Energy 22.99%
3 Materials 11.3%
4 Consumer Discretionary 8.95%
5 Financials 6.8%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AAL icon
1
American Airlines Group
AAL
$10.2B
$128M 26.85%
2,417,112
-2,778,002
-53% -$141M
YPF icon
2
YPF
YPF
$20.4B
$109M 22.86%
3,957,894
+109,576
+3% +$2.82M
MERC icon
3
Mercer International
MERC
$39.5M
$53.7M 11.3%
3,494,626
+101,252
+3% +$1.36M
GM icon
4
General Motors
GM
$80B
$42.5M 8.95%
1,134,052
+37,506
+3% +$1.36M
UAL icon
5
United Airlines
UAL
$40.1B
$41.8M 8.79%
621,210
-1,135,886
-65% -$77M
ACAS
6
DELISTED
American Capital Ltd
ACAS
$34.4M 7.24%
2,325,349
+62,759
+3% +$919K
BPOP icon
7
Popular Inc
BPOP
$11.2B
$32.3M 6.8%
939,296
+177,358
+23% +$5.87M
HRI icon
8
Herc Holdings
HRI
$4.88B
$23.5M 4.94%
360,875
+10,734
+3% +$717K
CPN
9
DELISTED
Calpine Corporation
CPN
$5.5M 1.16%
240,338
+6,678
+3% +$144K
GM.WS.A
10
CALL
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
$2.77M 0.58%
99,679
– –
GM.WS.B
11
CALL
DELISTED
General Motors Company
GM.WS.B
$1.96M 0.41%
99,679
– –
VTG
12
DELISTED
VANTAGE DRILLING COMPANY ORD SHS (KY)
VTG
$571K 0.12%
1,744,368
– –
AAL icon
13
CALL
American Airlines Group
AAL
$10.2B
– –
-2,000,000
Closed -$107M
AAL icon
14
PUT
American Airlines Group
AAL
$10.2B
– –
-2,000,000
Closed -$107M
UAL icon
15
PUT
United Airlines
UAL
$40.1B
– –
-834,600
Closed -$55.8M
HMHC
16
DELISTED
Houghton Mifflin Harcourt Company
HMHC
– –
-1,024,680
Closed -$21.2M
NE
17
DELISTED
Noble Corporation
NE
– –
-125,357
Closed -$2.08M
DYN
18
DELISTED
Dynegy, Inc.
DYN
– –
-914,663
Closed -$27.8M
EXXI
19
DELISTED
ENERGY XXI LTD COM SHS
EXXI
– –
-82,993
Closed -$271K
DISH
20
DELISTED
DISH Network Corp.
DISH
– –
-335,776
Closed -$24.5M

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
GAI
General American Investors New York $1.52B AUM 37.94% 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

Knighthead Capital Management's Q1 2015 Portfolio in Review

As of Q1 2015, Knighthead Capital Management held 20 positions worth $475M, down 53% from $1.02B the previous quarter. Its ten largest holdings account for 99% of the portfolio.

Knighthead Capital Management withdrew a net $551M in Q1 2015, closing 8 positions and reducing 2 holdings. Its most notable exit was Dynegy, Inc., an estimated $27.8M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 41% of assets, down from 41% a quarter earlier, followed by Energy and Materials.

Against the trend, Knighthead Capital Management added an estimated $5.87M to Popular Inc.

  • Knighthead Capital Management added most to Popular Inc in Q1 2015, an estimated $5.87M increase.
  • Knighthead Capital Management's biggest Q1 2015 reduction was American Airlines Group, cutting an estimated $141M.
  • Knighthead Capital Management fully exited Dynegy, Inc. in Q1 2015, selling an estimated $27.8M.
  • Knighthead Capital Management's ten largest holdings make up 99% of its $475M portfolio in Q1 2015.
  • Knighthead Capital Management opened 0 new positions and closed 8 in Q1 2015.
  • Knighthead Capital Management's portfolio value fell 53% quarter-over-quarter to $475M.

Based on Knighthead Capital Management's 13F filing for Q1 2015, filed 15 May 2015.