Knighthead Capital Management, LLC — 13F Holdings

2026 Q1  ·  7 Positions

2026 Q1 Portfolio Activity

In 2026 Q1, Knighthead Capital Management, LLC maintained a portfolio of 7 distinct positions. The most significant new addition was ISHARES TR, now representing 24.48% of the total fund value. Conversely, Knighthead Capital Management, LLC completely exited their position in ISHARES TR.
Position History hover any row below to update
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Knighthead Capital Management, LLC New York, NY Hedge Fund / Asset Manager AUM $989M
Fund Overview SEC EDGAR
PCA Score Concentration Risk
Risk ENB
To Excel To CSV
Total Positions
7
Quarter
2026 Q1
Top Holding
HTZ (55.0%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-7 of 7
Stock History Sector / Type Port % Prev % Rank / Prev Conviction
Freshness
Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
HTZ
HERTZ GLOBAL HL...
Industrials 55.04% 67.33% #1
Prev: #1
7.0
—
no change no change
P
S
181,455,469 $836,509,712 2013 Q4 13F Filing 2026-03-31 2026-05-15
IWM
ISHARES TR
PUT
PUT Option 24.48% — #2
Prev: #—
9.0
—
1,500,000 —
NEW
 1,500,000 $372,000,000 2020 Q3 13F Filing 2026-03-31 2026-05-15
HYG
ISHARES TR
PUT
PUT Option 10.47% 11.64% #3
Prev: #3
6.0
—
no change no change
P
S
2,000,000 $159,120,000 2015 Q2 13F Filing 2026-03-31 2026-05-15
UP
WHEELS UP EXPER...
Industrials 8.77% 12.23% #4 2
Prev: #2
5.0
—
no change no change
P
S
258,169,208 $133,344,396 2023 Q3 13F Filing 2026-03-31 2026-05-15
TDS
TELEPHONE & DAT...
Communication Services 1.23% 1.53% #5
Prev: #5
1.5
—
-70,305 -13.6%
P
S
445,695 $18,763,760 2025 Q3 13F Filing 2026-03-31 2026-05-15
SATS
ECHOSTAR CORP
Communication Services 0.00% 0.98%
Sold All 😨
(Was: #6)
 0.0
—
-125,031 -100.0%
CLOSED
 — $— 2024 Q3 13F Filing 2026-03-31 2026-05-15
TLT
ISHARES TR
PUT
PUT Option 0.00% 6.29%
Sold All 😨
(Was: #4)
 0.0
—
-1,000,000 -100.0%
CLOSED
 — $— 2024 Q2 13F Filing 2026-03-31 2026-05-15
Showing 1-7 of 7 holdings

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