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
-7.75%
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
$539M
AUM Growth
+$241M
Cap. Flow
+$187M
Cap. Flow %
34.65%
Top 10 Hldgs %
97.78%
Holding
13
New
2
Increased
4
Reduced
3
Closed
–

Top Buys

Rank Stock Value
1
PCG icon
PG&E
PCG
+$148M
2
OIBR.C
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
+$27.6M
3
DISH
DISH Network Corp.
DISH
+$6.13M
4
AAL icon
American Airlines Group
AAL
+$1.61M

Top Sells

Rank Stock Value
1
AVYA
Avaya Holdings Corp. Common Stock
AVYA
+$9.38M
2
YPF icon
YPF
YPF
+$2.93M
3
CHAP
Chaparral Energy, Inc.
CHAP
+$1.6M

Sector Composition

Rank Sector Weight
1 Utilities 34.43%
2 Communication Services 8.11%
3 Energy 5.08%
4 Materials 4.88%
5 Technology 4.16%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PCG icon
1
PG&E
PCG
$39.2B
$186M 34.43%
10,432,022
+9,182,022
+735% +$148M
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$169M 31.43%
600,000
+6,000
+1% +$1.63M
PCG icon
3
CALL
PG&E
PCG
$39.2B
$39.3M 7.29%
2,209,100
+1,709,100
+342% +$27.6M
OIBR.C
4
DELISTED
OI S.A. American Depositary Shares, each representing five shares of common stock
OIBR.C
$37.4M 6.94%
19,900,953
+14,008,205
+238% +$27.6M
MERC icon
5
Mercer International
MERC
$39.5M
$26.3M 4.88%
1,948,179
– –
AVYA
6
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
$22.4M 4.16%
1,332,069
-598,731
-31% -$9.38M
YPF icon
7
YPF
YPF
$20.4B
$19.2M 3.55%
1,367,409
-200,000
-13% -$2.93M
SMTA
8
DELISTED
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
$8.35M 1.55%
1,286,908
– –
CHAP
9
DELISTED
Chaparral Energy, Inc.
CHAP
$8.26M 1.53%
1,449,700
-240,580
-14% -$1.6M
DISH
10
DELISTED
DISH Network Corp.
DISH
$6.34M 1.18%
+200,000
New +$6.13M
AAL icon
11
American Airlines Group
AAL
$10.2B
$1.52M 0.28%
+47,902
New +$1.61M

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 2019 Portfolio in Review

As of Q1 2019, Knighthead Capital Management held 13 positions worth $539M, up 81% from $299M the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Knighthead Capital Management deployed $187M of net new capital in Q1 2019, opening 2 new positions and adding to 4 existing holdings. Its largest new stake was DISH Network Corp.: 200,000 shares worth $6.34M.

By sector, the portfolio is most concentrated in Utilities at 34% of assets, up from 9.9% a quarter earlier, followed by Communication Services and Energy.

On the sell side, the largest reduction was Avaya Holdings Corp. Common Stock, an estimated $9.38M trimmed.

  • Knighthead Capital Management's largest Q1 2019 buy was DISH Network Corp.: 200,000 shares worth $6.34M.
  • Knighthead Capital Management added most to PG&E in Q1 2019, an estimated $148M increase.
  • Knighthead Capital Management's biggest Q1 2019 reduction was Avaya Holdings Corp. Common Stock, cutting an estimated $9.38M.
  • Knighthead Capital Management's ten largest holdings make up 98% of its $539M portfolio in Q1 2019.
  • Knighthead Capital Management opened 2 new positions and closed 0 in Q1 2019.
  • Knighthead Capital Management's portfolio value rose 81% quarter-over-quarter to $539M.

Based on Knighthead Capital Management's 13F filing for Q1 2019, filed 15 May 2019.