Knighthead Capital Management, LLC Hedge Fund

Name: Knighthead Capital Management, LLC Q2 2020 13F Filing | 13F Explorer
Creator: Knighthead Capital Management, LLC
Published: 2020-08-14

Location: NEW YORK, NY

CIK: 0001512397 · Show all filings

Period: Q2 2020 (← Previous) (Next →)

Filing Date: Aug 14, 2020

Total Value: $543M (99.7% shares, 0.3% debt)

Holdings (16)

PCG PG&E CORP 36.4%

Value $198M Shares 22,296,856 Est. Cost $16.20 Unrealized -33.5%

SPY SPDR S&P 500 ETF TR 31.4%

Value $170M Shares 552,000 Est. Cost — Unrealized —

MPC MARATHON PETE CORP 10.0%

Value $54.22M Shares 1,450,555 Est. Cost $27.17 Unrealized 0.0%

LQD ISHARES TR 7.5%

Value $40.81M Shares 500,000 Est. Cost — Unrealized —

SABR SABRE CORP 3.0%

Value $16.12M Shares 2,000,000 Est. Cost $7.09 Unrealized 0.0%

JPM JPMORGAN CHASE & CO 2.6%

Value $14.11M Shares 150,000 Est. Cost — Unrealized —

PCG PG&E CORP 2.5%

Value $13.3M Shares 1,500,000 Est. Cost $16.20 Unrealized -33.5%

MERC MERCER INTL INC 1.6%

Value $8.761M Shares 1,073,622 Est. Cost $5.43 Unrealized +28.9%

ET ENERGY TRANSFER LP 1.3%

Value $7.12M Shares 1,000,000 Est. Cost $4.60 Unrealized —

— EQUITRANS MIDSTREAM CORP 1.1%

Value $6.233M Shares 750,000 Est. Cost $8.31 Unrealized —

HCA HCA HEALTHCARE INC 0.9%

Value $4.853M Shares 50,000 Est. Cost $123.42 Unrealized -19.5%

SABR SABRE CORP 0.7%

Value $4.03M Shares 500,000 Est. Cost $7.09 Unrealized 0.0%

GEL GENESIS ENERGY L P 0.4%

Value $1.923M Shares 266,378 Est. Cost $7.22 Unrealized —

— SOUTHWEST AIRLS CO 0.3%

Value $1.802M Shares 1,500,000 Est. Cost $1.20 Unrealized —

ET ENERGY TRANSFER LP 0.3%

Value $1.547M Shares 217,334 Est. Cost $4.60 Unrealized —

— CONTURA ENERGY INC 0.0%

Value $30,000 Shares 10,000 Est. Cost $31.46 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
PCG	PG&E CORP	22,296,856	$198M	36.4%	$16.20	-33.5%	COM	69331C108
SPY	SPDR S&P 500 ETF TR	552,000	$170M	31.4%	—	—	Put	78462F103
MPC	MARATHON PETE CORP	1,450,555	$54.22M	10.0%	$27.17	0.0%	COM	56585A102
LQD	ISHARES TR	500,000	$40.81M	7.5%	—	—	Put	464287242
SABR	SABRE CORP	2,000,000	$16.12M	3.0%	$7.09	0.0%	Call	78573M104
JPM	JPMORGAN CHASE & CO	150,000	$14.11M	2.6%	—	—	Call	46625H100
PCG	PG&E CORP	1,500,000	$13.3M	2.5%	$16.20	-33.5%	Call	69331C108
MERC	MERCER INTL INC	1,073,622	$8.761M	1.6%	$5.43	+28.9%	COM	588056101
ET	ENERGY TRANSFER LP	1,000,000	$7.12M	1.3%	$4.60	—	Call	29273V100
—	EQUITRANS MIDSTREAM CORP	750,000	$6.233M	1.1%	$8.31	—	COM	294600101
HCA	HCA HEALTHCARE INC	50,000	$4.853M	0.9%	$123.42	-19.5%	COM	40412C101
SABR	SABRE CORP	500,000	$4.03M	0.7%	$7.09	0.0%	COM	78573M104
GEL	GENESIS ENERGY L P	266,378	$1.923M	0.4%	$7.22	—	UNIT LTD PARTN	371927104
—	SOUTHWEST AIRLS CO	1,500,000	$1.802M	0.3%	$1.20	—	NOTE 1.250% 5/0	844741BG2
ET	ENERGY TRANSFER LP	217,334	$1.547M	0.3%	$4.60	—	COM UT LTD PTN	29273V100
—	CONTURA ENERGY INC	10,000	$30,000	0.0%	$31.46	—	COM	21241B100