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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
-4.13%
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
$5.97B
AUM Growth
+$4.31B
Cap. Flow
+$4B
Cap. Flow %
67.05%
Top 10 Hldgs %
99.79%
Holding
14
New
1
Increased
3
Reduced
4
Closed
1

Top Buys

Rank Stock Value
1
HTZ icon
Hertz
HTZ
+$4.34B
2
ATIP
ATI Physical Therapy, Inc.
ATIP
+$1.56M

Top Sells

Rank Stock Value
1
PCG icon
PG&E
PCG
+$10.9M
2
GEL icon
Genesis Energy
GEL
+$303K

Sector Composition

Rank Sector Weight
1 Industrials 75.92%
2 Utilities 1.79%
3 Technology 1.56%
4 Healthcare 0.47%
5 Energy 0.09%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HTZ icon
1
Hertz
HTZ
$524M
$4.53B 75.92%
+181,455,469
New +$4.34B
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$784B
$950M 15.9%
2,000,000
– –
HYG icon
3
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
$131M 2.18%
1,500,000
-3,175,000
-68% -$275M
PCG icon
4
PG&E
PCG
$39.2B
$107M 1.79%
8,795,113
-928,792
-10% -$10.9M
TCOM icon
5
CALL
Trip.com Group
TCOM
$29.3B
$73.9M 1.24%
3,000,000
+2,000,000
+200% +$56.6M
SABR icon
6
Sabre
SABR
$739M
$57.7M 0.97%
6,720,024
– –
ALIT icon
7
Alight
ALIT
$481M
$35.7M 0.6%
165,085
– –
CAR icon
8
PUT
Avis
CAR
$5.37B
$28M 0.47%
135,000
-370,100
-73% -$82M
ATIP
9
DELISTED
ATI Physical Therapy, Inc.
ATIP
$27.9M 0.47%
164,793
+9,281
+6% +$1.56M
SABR icon
10
CALL
Sabre
SABR
$739M
$15M 0.25%
1,750,000
+500,000
+40% +$4.79M
GEL icon
11
Genesis Energy
GEL
$1.87B
$5.37M 0.09%
500,995
-27,227
-5% -$303K
BHR
12
Braemar Hotels & Resorts
BHR
$160M
$3.95M 0.07%
774,649
– –
BABA icon
13
Alibaba
BABA
$279B
$3.39M 0.06%
28,500
– –
PCG icon
14
PUT
PG&E
PCG
$39.2B
– –
-3,500,000
Closed -$33.6M

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ARAM
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AM
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PAG
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FCM
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Knighthead Capital Management's Q4 2021 Portfolio in Review

As of Q4 2021, Knighthead Capital Management held 14 positions worth $5.97B, up 260% from $1.66B the previous quarter. Its ten largest holdings account for 100% of the portfolio.

Knighthead Capital Management deployed $4B of net new capital in Q4 2021, opening 1 new position and adding to 3 existing holdings. Its largest new stake was Hertz: 181,455,469 shares worth $4.53B.

By sector, the portfolio is most concentrated in Industrials at 76% of assets, up from 0% a quarter earlier, followed by Utilities and Technology.

On the sell side, the largest reduction was PG&E, an estimated $10.9M trimmed.

  • Knighthead Capital Management's largest Q4 2021 buy was Hertz: 181,455,469 shares worth $4.53B.
  • Knighthead Capital Management added most to ATI Physical Therapy, Inc. in Q4 2021, an estimated $1.56M increase.
  • Knighthead Capital Management's biggest Q4 2021 reduction was PG&E, cutting an estimated $10.9M.
  • Knighthead Capital Management's ten largest holdings make up 100% of its $5.97B portfolio in Q4 2021.
  • Knighthead Capital Management opened 1 new position and closed 1 in Q4 2021.
  • Knighthead Capital Management's portfolio value rose 260% quarter-over-quarter to $5.97B.

Based on Knighthead Capital Management's 13F filing for Q4 2021, filed 14 Feb 2022.