Knighthead Capital Management, LLC Hedge Fund

Name: Knighthead Capital Management, LLC Q1 2026 13F Filing | 13F Explorer
Creator: Knighthead Capital Management, LLC
Published: 2026-05-15

Location: NEW YORK, NY

CIK: 0001512397 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 15, 2026

Total Value: $1.52B (100.0% shares, 0.0% debt)

Holdings (5)

Increased Positions (1)

TDS TELEPHONE & DATA SYS INC 1.2%

Value $18.76M (+178.1%) Shares 445,695 (+159.2%) Est. Cost $42.09 Unrealized +5.4%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
TDS	TELEPHONE & DATA SYS INC	445,695 (+159.2%)	$18.76M (+178.1%)	1.2%	$42.09	+5.4%	COM NEW	879433829

Exited Positions (2)

EFA ISHARES TR 12.3%

Value $187M Shares 2,000,000 Est. Cost — Unrealized —

SATS ECHOSTAR CORP 0.6%

Value $9.545M Shares 125,000 Est. Cost $21.05 Unrealized +452.8%

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EFA	ISHARES TR	2,000,000	$187M	12.3%	—	—	PUT	464287465
SATS	ECHOSTAR CORP	125,000	$9.545M	0.6%	$21.05	+452.8%	—	278768106

Decreased Positions (1)

IWM ISHARES TR 24.5%

Value $372M (-23.1%) Shares 1,500,000 (-25.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	1,500,000 (-25.0%)	$372M (-23.1%)	24.5%	—	—	PUT	464287655

Unchanged Positions (3)

HTZ HERTZ GLOBAL HLDGS INC 55.0%

Value $837M Shares 181,455,469 Est. Cost $25.48 Unrealized -79.6%

UP WHEELS UP EXPERIENCE INC 8.8%

Value $133M Shares 258,169,208 Est. Cost $1.95 Unrealized -62.9%

HYG ISHARES TR 10.5%

Value $159M Shares 2,000,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HTZ	HERTZ GLOBAL HLDGS INC	181,455,469	$837M	55.0%	$25.48	-79.6%	COM NEW	42806J700
UP	WHEELS UP EXPERIENCE INC	258,169,208	$133M	8.8%	$1.95	-62.9%	COM CL A	96328L205
HYG	ISHARES TR	2,000,000	$159M	10.5%	—	—	PUT	464288513