Knighthead Capital Management, LLC Hedge Fund

Name: Knighthead Capital Management, LLC Q2 2026 13F Filing | 13F Explorer
Creator: Knighthead Capital Management, LLC
Published: 2026-08-14

Location: New York, NY

CIK: 0001512397 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 14, 2026

Total Value: $1.177B (100.0% shares, 0.0% debt)

Holdings (10)

New Positions (7)

SPY STATE STREET SPDR S&P 500 ETF T 31.7%

Value $373M Shares 500,000 Est. Cost — Unrealized —

UP WHEELS UP EXPERIENCE INC 9.8%

Value $116M Shares 12,908,460 Est. Cost — Unrealized —

SATS ECHOSTAR CORP 4.1%

Value $48.21M Shares 475,000 Est. Cost — Unrealized —

SATS ECHOSTAR CORP 3.2%

Value $38.06M Shares 375,000 Est. Cost — Unrealized —

SRAD SPORTRADAR GROUP AG 2.5%

Value $29.94M Shares 2,000,000 Est. Cost — Unrealized —

AZUL AZUL S A 1.4%

Value $15.95M Shares 1,773,734 Est. Cost — Unrealized —

TDS TELEPHONE & DATA SYS INC 0.6%

Value $7.418M Shares 200,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
SPY	STATE STREET SPDR S&P 500 ETF T	500,000	$373M	31.7%	—	—	PUT	78462F103
UP	WHEELS UP EXPERIENCE INC	12,908,460	$116M	9.8%	—	—	COM CL A	96328L304
SATS	ECHOSTAR CORP	475,000	$48.21M	4.1%	—	—	CALL	278768106
SATS	ECHOSTAR CORP	375,000	$38.06M	3.2%	—	—	PUT	278768106
SRAD	SPORTRADAR GROUP AG	2,000,000	$29.94M	2.5%	—	—	CALL	H8088L103
AZUL	AZUL S A	1,773,734	$15.95M	1.4%	—	—	SPONSORED ADS	05501U601
TDS	TELEPHONE & DATA SYS INC	200,000	$7.418M	0.6%	—	—	CALL	879433829

Exited Positions (2)

IWM ISHARES TR 31.6%

Value $372M Shares 1,500,000 Est. Cost — Unrealized —

UP WHEELS UP EXPERIENCE INC 11.3%

Value $133M Shares 258,169,208 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	1,500,000	$372M	31.6%	—	—	PUT	464287655
UP	WHEELS UP EXPERIENCE INC	258,169,208	$133M	11.3%	—	—	—	96328L205

Decreased Positions (1)

HYG ISHARES TR 10.2%

Value $120M (-24.6%) Shares 1,500,000 (-25.0%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HYG	ISHARES TR	1,500,000 (-25.0%)	$120M (-24.6%)	10.2%	—	—	PUT	464288513

Unchanged Positions (2)

HTZ HERTZ GLOBAL HLDGS INC 35.0%

Value $412M Shares 181,455,469 Est. Cost — Unrealized —

TDS TELEPHONE & DATA SYS INC 1.4%

Value $16.5M Shares 445,695 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HTZ	HERTZ GLOBAL HLDGS INC	181,455,469	$412M	35.0%	—	—	COM NEW	42806J700
TDS	TELEPHONE & DATA SYS INC	445,695	$16.5M	1.4%	—	—	COM NEW	879433829