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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
+2.56%
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
$247M
AUM Growth
-$290M
Cap. Flow
-$291M
Cap. Flow %
-118.07%
Top 10 Hldgs %
100%
Holding
12
New
–
Increased
1
Reduced
3
Closed
2

Top Buys

Rank Stock Value
1
GNRT
Gener8 Maritime, Inc.
GNRT
+$852K

Top Sells

Rank Stock Value
1
AAL icon
American Airlines Group
AAL
+$21.1M
2
UAL icon
United Airlines
UAL
+$6.7M
3
MERC icon
Mercer International
MERC
+$2.09M

Sector Composition

Rank Sector Weight
1 Energy 23.45%
2 Industrials 20.03%
3 Consumer Discretionary 13.49%
4 Materials 10.51%
5 Utilities 10.36%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
YPF icon
1
YPF
YPF
$20.4B
$57.8M 23.45%
3,234,725
– –
GM icon
2
General Motors
GM
$80B
$33.3M 13.49%
1,059,005
– –
ACAS
3
DELISTED
American Capital Ltd
ACAS
$32.4M 13.14%
2,126,878
– –
AAL icon
4
American Airlines Group
AAL
$10.2B
$31.8M 12.89%
775,301
-524,772
-40% -$21.1M
MERC icon
5
Mercer International
MERC
$39.5M
$25.9M 10.51%
2,742,669
-259,111
-9% -$2.09M
CPN
6
DELISTED
Calpine Corporation
CPN
$25.6M 10.36%
1,684,869
– –
GNRT
7
DELISTED
Gener8 Maritime, Inc.
GNRT
$18.8M 7.63%
2,667,610
+131,943
+5% +$852K
UAL icon
8
United Airlines
UAL
$40.1B
$17.6M 7.15%
294,490
-126,210
-30% -$6.7M
GM.WS.A
9
CALL
DELISTED
GENERAL MOTORS COMPANY WARRANT (EXPIRES 07/10/2016)
GM.WS.A
$2.09M 0.85%
96,730
– –
GM.WS.B
10
CALL
DELISTED
General Motors Company
GM.WS.B
$1.32M 0.54%
96,730
– –
HRI icon
11
CALL
Herc Holdings
HRI
$4.88B
– –
-290,333
Closed -$12.4M
HYG icon
12
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
– –
-3,100,000
Closed -$250M

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Knighthead Capital Management's Q1 2016 Portfolio in Review

As of Q1 2016, Knighthead Capital Management held 12 positions worth $247M, down 54% from $537M the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Knighthead Capital Management withdrew a net $291M in Q1 2016, closing 2 positions and reducing 3 holdings. Its largest reduction was American Airlines Group, cutting an estimated $21.1M.

By sector, the portfolio is most concentrated in Energy at 23% of assets, up from 9.5% a quarter earlier, followed by Industrials and Consumer Discretionary.

Against the trend, Knighthead Capital Management added an estimated $852K to Gener8 Maritime, Inc..

  • Knighthead Capital Management added most to Gener8 Maritime, Inc. in Q1 2016, an estimated $852K increase.
  • Knighthead Capital Management's biggest Q1 2016 reduction was American Airlines Group, cutting an estimated $21.1M.
  • Knighthead Capital Management's ten largest holdings make up 100% of its $247M portfolio in Q1 2016.
  • Knighthead Capital Management opened 0 new positions and closed 2 in Q1 2016.
  • Knighthead Capital Management's portfolio value fell 54% quarter-over-quarter to $247M.

Based on Knighthead Capital Management's 13F filing for Q1 2016, filed 16 May 2016.