Knighthead Capital Management, LLC Hedge Fund

Location: New York, NY

CIK: 0001512397 · Show all filings

Period: Q1 2014 (← Previous) (Next →)

Filing Date: May 15, 2014

Total Value: $944M (100.0% shares, 0.0% debt)

Holdings (25)

AAL AMERICAN AIRLINES GROUP INC 16.2%

Value $153M Shares 4,181,243 Est. Cost $30.06 Unrealized +6.8%

SPY SPDR S&P 500 ETF TR 12.7%

Value $120M Shares 640,000 Est. Cost — Unrealized —

YPF YPF S.A.-SPONSORED ADR 11.1%

Value $105M Shares 3,364,753 Est. Cost $16.19 Unrealized —

UAL UNITED CONTINENTAL HOLDINGS 8.3%

Value $78.06M Shares 1,749,120 Est. Cost $32.70 Unrealized +37.6%

— AMERICAN CAP LTD 8.0%

Value $75.24M Shares 4,765,010 Est. Cost $12.97 Unrealized —

— HOUGHTON MIFFLIN HARCOURT CO 6.3%

Value $59.86M Shares 2,944,446 Est. Cost $16.96 Unrealized —

— DYNEGY INC/NEW 5.0%

Value $46.86M Shares 1,878,830 Est. Cost $22.71 Unrealized —

— TESORO CORP 4.5%

Value $42.63M Shares 842,734 Est. Cost $50.40 Unrealized —

EXC EXELON CORP 4.0%

Value $37.76M Shares 1,125,000 Est. Cost $13.70 Unrealized +0.7%

GM GENERAL MOTORS CO 3.9%

Value $37.05M Shares 1,076,397 Est. Cost $23.87 Unrealized +14.9%

— NOBLE CORP PLC 3.3%

Value $30.87M Shares 942,916 Est. Cost $37.15 Unrealized —

MERC MERCER INTERNATIONAL INC 2.7%

Value $25.07M Shares 3,343,374 Est. Cost $4.75 Unrealized +30.2%

— DISH NETWORK CORP-A 2.2%

Value $20.89M Shares 335,776 Est. Cost $43.83 Unrealized —

— DELEK US HOLDINGS INC 1.7%

Value $16.27M Shares 560,447 Est. Cost $31.48 Unrealized —

— ENERGY XXI BERMUDA 1.7%

Value $16.04M Shares 680,603 Est. Cost $22.27 Unrealized —

— HERTZ GLOBAL HOLDINGS INC 1.5%

Value $14.28M Shares 535,984 Est. Cost $27.56 Unrealized —

GPK GRAPHIC PACKAGING HOLDING CO 1.4%

Value $13.07M Shares 1,286,003 Est. Cost $7.63 Unrealized +29.2%

— AMERICAN AIRLINES GROUP INC 1.3%

Value $12.63M Shares 457,516 Est. Cost $27.60 Unrealized —

AEO AMERICAN EAGLE OUTFITTERS 1.0%

Value $9.189M Shares 750,700 Est. Cost $10.32 Unrealized -5.2%

CYH COMMUNITY HEALTH SYSTEMS INC 0.7%

Value $6.472M Shares 165,218 Est. Cost $35.83 Unrealized -7.8%

VTGDF VANTAGE DRILLING CO 0.7%

Value $6.463M Shares 3,779,438 Est. Cost $1.76 Unrealized -0.8%

— CLOUD PEAK ENERGY INC 0.6%

Value $5.765M Shares 272,707 Est. Cost $15.92 Unrealized —

VYX NCR CORPORATION 0.6%

Value $5.479M Shares 149,900 Est. Cost $22.23 Unrealized -4.4%

— GENERAL MOTORS-CW16 0.4%

Value $3.338M Shares 96,985 Est. Cost — Unrealized —

— GENERAL MOTORS-CW19 0.4%

Value $3.338M Shares 96,985 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAL	AMERICAN AIRLINES GROUP INC	4,181,243	$153M	16.2%	$30.06	+6.8%	COM	02376R102
SPY	SPDR S&P 500 ETF TR	640,000	$120M	12.7%	—	—	Put	78462F103
YPF	YPF S.A.-SPONSORED ADR	3,364,753	$105M	11.1%	$16.19	—	SPON ADR CL D	984245100
UAL	UNITED CONTINENTAL HOLDINGS	1,749,120	$78.06M	8.3%	$32.70	+37.6%	COM	910047109
—	AMERICAN CAP LTD	4,765,010	$75.24M	8.0%	$12.97	—	COM	02503Y103
—	HOUGHTON MIFFLIN HARCOURT CO	2,944,446	$59.86M	6.3%	$16.96	—	COM	44157R109
—	DYNEGY INC/NEW	1,878,830	$46.86M	5.0%	$22.71	—	COM	26817R108
—	TESORO CORP	842,734	$42.63M	4.5%	$50.40	—	COM	881609101
EXC	EXELON CORP	1,125,000	$37.76M	4.0%	$13.70	+0.7%	COM	30161N101
GM	GENERAL MOTORS CO	1,076,397	$37.05M	3.9%	$23.87	+14.9%	COM	37045V100
—	NOBLE CORP PLC	942,916	$30.87M	3.3%	$37.15	—	SHS USD	G65431101
MERC	MERCER INTERNATIONAL INC	3,343,374	$25.07M	2.7%	$4.75	+30.2%	COM	588056101
—	DISH NETWORK CORP-A	335,776	$20.89M	2.2%	$43.83	—	CL A	25470M109
—	DELEK US HOLDINGS INC	560,447	$16.27M	1.7%	$31.48	—	COM	246647101
—	ENERGY XXI BERMUDA	680,603	$16.04M	1.7%	$22.27	—	USD UNRS SHS	G10082140
—	HERTZ GLOBAL HOLDINGS INC	535,984	$14.28M	1.5%	$27.56	—	COM	42805T105
GPK	GRAPHIC PACKAGING HOLDING CO	1,286,003	$13.07M	1.4%	$7.63	+29.2%	COM	388689101
—	AMERICAN AIRLINES GROUP INC	457,516	$12.63M	1.3%	$27.60	—	PFD A MAND CV	02376R409
AEO	AMERICAN EAGLE OUTFITTERS	750,700	$9.189M	1.0%	$10.32	-5.2%	COM	02553E106
CYH	COMMUNITY HEALTH SYSTEMS INC	165,218	$6.472M	0.7%	$35.83	-7.8%	COM	203668108
VTGDF	VANTAGE DRILLING CO	3,779,438	$6.463M	0.7%	$1.76	-0.8%	ORD SHS	G93205113
—	CLOUD PEAK ENERGY INC	272,707	$5.765M	0.6%	$15.92	—	COM	18911Q102
VYX	NCR CORPORATION	149,900	$5.479M	0.6%	$22.23	-4.4%	COM	62886E108
—	GENERAL MOTORS-CW16	96,985	$3.338M	0.4%	—	—	Call	37045V118
—	GENERAL MOTORS-CW19	96,985	$3.338M	0.4%	—	—	Call	37045V126