Knighthead Capital Management, LLC Hedge Fund

Name: Knighthead Capital Management, LLC Q4 2014 13F Filing | 13F Explorer
Creator: Knighthead Capital Management, LLC
Published: 2015-02-17

Location: New York, NY

CIK: 0001512397 · Show all filings

Period: Q4 2014 (← Previous) (Next →)

Filing Date: Feb 17, 2015

Total Value: $1.02B (100.0% shares, 0.0% debt)

Holdings (20)

AAL AMERICAN AIRLINES GROUP INC 27.3%

Value $279M Shares 5,195,114 Est. Cost $31.48 Unrealized +29.6%

UAL UNITED CONTINENTAL HOLDINGS 11.5%

Value $118M Shares 1,757,096 Est. Cost $32.70 Unrealized +69.4%

AAL AMERICAN AIRLINES GROUP INC 10.5%

Value $107M Shares 2,000,000 Est. Cost $31.48 Unrealized +29.6%

AAL AMERICAN AIRLINES GROUP INC 10.5%

Value $107M Shares 2,000,000 Est. Cost $31.48 Unrealized +29.6%

YPF YPF SOCIEDAD ANONIMA 10.0%

Value $102M Shares 3,848,318 Est. Cost $18.17 Unrealized —

UAL UNITED CONTINENTAL HOLDINGS 5.5%

Value $55.83M Shares 834,600 Est. Cost $32.70 Unrealized +69.4%

MERC MERCER INTERNATIONAL INC 4.1%

Value $41.7M Shares 3,393,374 Est. Cost $4.80 Unrealized +71.4%

GM GENERAL MOTORS CO 3.8%

Value $38.28M Shares 1,096,546 Est. Cost $23.89 Unrealized +2.6%

— AMERICAN CAP LTD 3.2%

Value $33.06M Shares 2,262,590 Est. Cost $12.99 Unrealized —

— DYNEGY INC/NEW 2.7%

Value $27.76M Shares 914,663 Est. Cost $22.83 Unrealized —

— HERTZ GLOBAL HOLDINGS INC 2.6%

Value $26.2M Shares 1,050,424 Est. Cost $27.01 Unrealized —

BPOP POPULAR INC 2.5%

Value $25.94M Shares 761,938 Est. Cost $23.63 Unrealized 0.0%

— DISH NETWORK CORP-A 2.4%

Value $24.48M Shares 335,776 Est. Cost $43.83 Unrealized —

— HOUGHTON MIFFLIN HARCOURT CO 2.1%

Value $21.22M Shares 1,024,680 Est. Cost $16.96 Unrealized —

— CALPINE CORP 0.5%

Value $5.171M Shares 233,660 Est. Cost $21.71 Unrealized —

— GENERAL MOTORS-CW16 0.2%

Value $2.518M Shares 99,679 Est. Cost — Unrealized —

— NOBLE CORP PLC 0.2%

Value $2.077M Shares 125,357 Est. Cost $37.15 Unrealized —

— GENERAL MOTORS-CW19 0.2%

Value $1.708M Shares 99,679 Est. Cost — Unrealized —

VTGDF VANTAGE DRILLING COMPANY 0.1%

Value $853K Shares 1,744,368 Est. Cost $1.76 Unrealized -52.7%

— ENERGY XXI BERMUDA 0.0%

Value $271K Shares 82,993 Est. Cost $22.27 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AAL	AMERICAN AIRLINES GROUP INC	5,195,114	$279M	27.3%	$31.48	+29.6%	COM	02376R102
UAL	UNITED CONTINENTAL HOLDINGS	1,757,096	$118M	11.5%	$32.70	+69.4%	COM	910047109
AAL	AMERICAN AIRLINES GROUP INC	2,000,000	$107M	10.5%	$31.48	+29.6%	Put	02376R102
AAL	AMERICAN AIRLINES GROUP INC	2,000,000	$107M	10.5%	$31.48	+29.6%	Call	02376R102
YPF	YPF SOCIEDAD ANONIMA	3,848,318	$102M	10.0%	$18.17	—	SPON ADR CL D	984245100
UAL	UNITED CONTINENTAL HOLDINGS	834,600	$55.83M	5.5%	$32.70	+69.4%	Put	910047109
MERC	MERCER INTERNATIONAL INC	3,393,374	$41.7M	4.1%	$4.80	+71.4%	COM	588056101
GM	GENERAL MOTORS CO	1,096,546	$38.28M	3.8%	$23.89	+2.6%	COM	37045V100
—	AMERICAN CAP LTD	2,262,590	$33.06M	3.2%	$12.99	—	COM	02503Y103
—	DYNEGY INC/NEW	914,663	$27.76M	2.7%	$22.83	—	COM	26817R108
—	HERTZ GLOBAL HOLDINGS INC	1,050,424	$26.2M	2.6%	$27.01	—	COM	42805T105
BPOP	POPULAR INC	761,938	$25.94M	2.5%	$23.63	0.0%	COM	733174700
—	DISH NETWORK CORP-A	335,776	$24.48M	2.4%	$43.83	—	CL A	25470M109
—	HOUGHTON MIFFLIN HARCOURT CO	1,024,680	$21.22M	2.1%	$16.96	—	COM	44157R109
—	CALPINE CORP	233,660	$5.171M	0.5%	$21.71	—	COM	131347304
—	GENERAL MOTORS-CW16	99,679	$2.518M	0.2%	—	—	Call	37045V118
—	NOBLE CORP PLC	125,357	$2.077M	0.2%	$37.15	—	SHS USD	G65431101
—	GENERAL MOTORS-CW19	99,679	$1.708M	0.2%	—	—	Call	37045V126
VTGDF	VANTAGE DRILLING COMPANY	1,744,368	$853K	0.1%	$1.76	-52.7%	ORD SHS	G93205113
—	ENERGY XXI BERMUDA	82,993	$271K	0.0%	$22.27	—	USD UNRS SHS	G10082140