Knighthead Capital Management, LLC

Q1 2014 13F-HR Holdings

Location
New York, NY
Holdings as of
3/31/2014
Date filed
5/15/2014
Form type
13F-HR
Num holdings
25
Total value ($000)
$944,194
Net value change ($000)
+240,304 (34.1%)
New positions
1
Sold out positions
4
Turnover %
9.1%
Sector allocation + QoQ delta (equities-only)

Holdings aggregated across other managers listed in the original SEC filing. View detailed breakdown

Snapshot: Change Analysis

Compared to Q4 2013
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
AAL 132,236 635.8%
UAL 16,303 26.4%
AAL 12,627 NEW
DYNEGY INC NEW DEL 9,137 24.2%
EXC 8,995 31.3%
Houghton Mifflin Harcourt Co 8,621 16.8%
DELEK US HOLDINGS INC 7,507 85.6%
HRI 7,124 99.6%
AMERICAN CAP LTD COM 5,568 8.0%
VANTAGE DRILLING COMPANY 3,812 143.8%
Top Reduces (Value $000, Stocks/ETFs)
AAPL -36,418 -100.0%
CLOUD PEAK ENERGY INC. -25,261 -81.4%
HCA -18,521 -100.0%
GT -4,166 -100.0%
GM -4,018 -9.8%
GPK -3,870 -22.9%
*AUGUSTA RES CORP -2,768 -100.0%
MERC -2,759 -9.9%
NOBLE CORPORATION ORD -2,103 -6.4%
ENERGY XXI LTD USD UNRS SHS -1,130 -6.6%
Instrument mix + QoQ Δ (ex-options)
Derivatives reported exposure ($000): 126,362 (13.4% of total reported value)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type