Knighthead Capital Management, LLC
13F Reported Value
ⓘ$1.5B
incl. option notional
Equity Holdings
ⓘ$988.6M
Option Notional
ⓘ$531.1M
$531.1M puts / $0 calls
Holdings
5
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
Knighthead Capital Management, LLC disclosed 5 positions worth $1.5B in its Form 13F-HR for Q1 2026 — $988.6M in common stock plus $531.1M of put/call option positions (reported at underlying notional value, not premium at risk), led by $HTZ (HERTZ GLOBAL HOLDINGS, INC) at 84.6% of the equity portfolio. During the quarter the fund opened 0 new positions and exited 1 and a full exit from $ECHO. The portfolio is most concentrated in Consumer Discretionary (84.6% of disclosed assets). All figures are sourced directly from Knighthead Capital Management, LLC’s Form 13F-HR filing with the SEC under CIK 1512397.
AI Fund Analysis
StableSector Allocation
AUM History
Top Equity Holdings by Value
Option Positions
13F rules report options at the value of the underlying shares (notional) — not the premium paid or capital at risk. Shown separately from the equity sleeve above.
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 39.0#1,990
Quality
$836.5M181,455,469 sh ISHARES TR PUT
—Quality
$372.0M1,500,000 shISHARES TR PUT
—Quality
$159.1M2,000,000 sh- 16.4
Quality
$133.3M258,169,208 sh - 42.2
Quality
$18.8M445,695 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 HERTZ GLOBAL HOLDINGS, INC$HTZ | 39.0#1,990 | $836.5M | 181,455,469 |
| ISHARES TR PUT | — | $372.0M | 1,500,000 |
| ISHARES TR PUT | — | $159.1M | 2,000,000 |
 Wheels Up Experience Inc.$UP | 16.4 | $133.3M | 258,169,208 |
 TELEPHONE & DATA SYSTEMS INC /DE/$TDS | 42.2 | $18.8M | 445,695 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of Knighthead Capital Management, LLC's 5 positions.
Showing top 5 of 5 holdings.
Sector Allocation
Consumer Discretionary
$836.5M
Industrials
$133.3M
Communication Services
$18.8M
Full Holdings — Knighthead Capital Management, LLC (Q1 2026)
All 5 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
Exited Positions (1)
$ECHO EchoStar CORPBrowse Top Institutional Investors
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AI-Powered Hedge Fund Analysis: Knighthead Capital Management, LLC
13F Pro is an AI hedge fund tracker and stock research platform. For Knighthead Capital Management, LLC (SEC CIK: 1512397), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.
Every holding in Knighthead Capital Management, LLC's portfolio is scored on a 32-signal AI quality ranking (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.