What does Knighthead Capital Management, LLC hold?

Knighthead Capital Management, LLC's largest disclosed positions on the most recent Form 13F-HR filing on SEC EDGAR include HTZ, SPY. Full top-holdings list, quarter-over-quarter position changes, and sector allocation breakdown are available at https://13fpro.ai/research/fund/1512397.

What is Knighthead Capital Management, LLC's AUM?

Knighthead Capital Management, LLC reported approximately $1.2B in 13F-reportable AUM as of 2026-06-30. This figure reflects long US-listed positions disclosed on Form 13F-HR and excludes non-13F-reportable holdings (cash, short positions, certain derivatives, and non-US securities). Separately, the firm reported $19.0B in total regulatory AUM (RAUM) on its most recent Form ADV filing.

Where does 13F Pro source Knighthead Capital Management, LLC's holdings?

All Knighthead Capital Management, LLC holdings data comes directly from SEC EDGAR Form 13F-HR filings under CIK 1512397. Data refreshes automatically each quarter as new 13F filings are submitted (typically within 45 days of quarter-end). 13F Pro applies no third-party rewrites or estimates.

How often is Knighthead Capital Management, LLC's 13F data updated on 13F Pro?

Knighthead Capital Management, LLC's holdings update on 13F Pro within hours of each new Form 13F-HR filing on SEC EDGAR. Quarterly position changes, accumulation/distribution flags, and sector allocation are recalculated on each refresh.

Knighthead Capital Management, LLC

Institutional InvestorSimilar funds →SEC EDGAR: CIK 1512397

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13F Reported Value

ⓘ

$1.2B

incl. option notional

Equity Holdings

ⓘ

$560.1M

Option Notional

ⓘ

$617.0M

$531.4M puts / $85.6M calls

Holdings

Latest Filing

2026-06-30

Filing Quarter

Q2 2026

Portfolio Overview

Knighthead Capital Management, LLC disclosed 10 positions worth $1.2B in its Form 13F-HR for Q2 2026 — $560.1M in common stock plus $617.0M of put/call option positions (reported at underlying notional value, not premium at risk), led by $HTZ (HERTZ GLOBAL HOLDINGS, INC) at 73.5% of the equity portfolio, followed by $SPY. During the quarter the fund opened 6 new positions and exited 1 — including a new stake in $SPY. The portfolio is most concentrated in Consumer Discretionary (73.5% 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

Stable

$HTZ

73.5% weight

Held 9 quarters

Sector Allocation

Consumer DiscretionaryIndustrialsCommunication Services

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.

$SPYPUT$373M notional

ISHARES TR - IBOXX HI YD ETFPUT$120M notional

$ECHOCALL$48M notional

$ECHOPUT$38M notional

$SRADCALL$30M notional

$TDSCALL$7M notional

Quarterly Activity — Q2 2026

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Top Holdings

AI Quality Scored

HERTZ GLOBAL HOLDINGS, INC
$HTZ
48.6#1,717
Quality
$411.9M181,455,469 sh
SPDR S&P 500 ETF TRUST
$SPY PUT
—
Quality
$373.4M500,000 sh
ISHARES TR - IBOXX HI YD ETF PUT
—
Quality
$120.0M1,500,000 sh
Wheels Up Experience Inc.
$UP
19.5
Quality
$115.8M12,908,460 sh
EchoStar CORP
$ECHO CALL
32.8
Quality
$48.2M475,000 sh
EchoStar CORP
$ECHO PUT
32.8
Quality
$38.1M375,000 sh
Sportradar Group AG
$SRAD CALL
—
Quality
$29.9M2,000,000 sh
TELEPHONE & DATA SYSTEMS INC /DE/
$TDS
42.3
Quality
$16.5M445,695 sh
AZUL SA
$AZUL
50.0
Quality
$16.0M1,773,734 sh
TELEPHONE & DATA SYSTEMS INC /DE/
$TDS CALL
42.3
Quality
$7.4M200,000 sh

Company	Quality	Value	Shares
HERTZ GLOBAL HOLDINGS, INC$HTZ	48.6#1,717	$411.9M	181,455,469
SPDR S&P 500 ETF TRUST$SPYPUT	—	$373.4M	500,000
ISHARES TR - IBOXX HI YD ETF PUT	—	$120.0M	1,500,000
Wheels Up Experience Inc.$UP	19.5	$115.8M	12,908,460
EchoStar CORP$ECHOCALL	32.8	$48.2M	475,000
EchoStar CORP$ECHOPUT	32.8	$38.1M	375,000
Sportradar Group AG$SRADCALL	—	$29.9M	2,000,000
TELEPHONE & DATA SYSTEMS INC /DE/$TDS	42.3	$16.5M	445,695
AZUL SA$AZUL	50.0	$16.0M	1,773,734
TELEPHONE & DATA SYSTEMS INC /DE/$TDSCALL	42.3	$7.4M	200,000

Unlock AI quality scores for every holding

32-signal composite ranking on each of Knighthead Capital Management, LLC's 10 positions.

Showing top 10 of 10 holdings.

Sector Allocation

Consumer Discretionary

$411.9M

Industrials

$131.7M

Communication Services

$16.5M

Full Holdings — Knighthead Capital Management, LLC (Q2 2026)

All 10 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.

#	Ticker	Company	Value	Weight	QoQ	Quality
1	$HTZ	HERTZ GLOBAL HOLDINGS, INC	$411.9M	73.5%	+0%	48.6
2	$SPYPUT	SPDR S&P 500 ETF TRUST	$373.4M	—	NEW	—
3	—	ISHARES TR - IBOXX HI YD ETF	$120.0M	—	-25%	—
4	$UP	Wheels Up Experience Inc.	$115.8M	20.7%	-95%	19.5
5	$ECHOCALL	EchoStar CORP	$48.2M	—	NEW	32.8
6	$ECHOPUT	EchoStar CORP	$38.1M	—	NEW	32.8
7	$SRADCALL	Sportradar Group AG	$29.9M	—	NEW	—
8	$TDS	TELEPHONE & DATA SYSTEMS INC /DE/	$16.5M	2.9%	+0%	42.3
9	$AZUL	AZUL SA	$16.0M	2.9%	NEW	50
10	$TDSCALL	TELEPHONE & DATA SYSTEMS INC /DE/	$7.4M	—	NEW	42.3

New Positions (6)

$SPYPUT SPDR S&P 500 ETF TRUST$373.4M

$ECHOCALL EchoStar CORP$48.2M

$ECHOPUT EchoStar CORP$38.1M

$SRADCALL Sportradar Group AG$29.9M

$AZUL AZUL SA$16.0M

$TDSCALL TELEPHONE & DATA SYSTEMS INC /DE/$7.4M

Exited Positions (1)

PUT ISHARES TR

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Accumulation & distribution patterns

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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.