Knighthead Capital Management is an investment fund managing more than $2.41 trillion ran by Thomas Wagner. There are currently 4 companies in Mr. Wagner’s portfolio. The largest investments include Hertz Global and Wheels Up Experience Inc, together worth $2.35 trillion.
As of 7th November 2023, Knighthead Capital Management’s top holding is 181,455,469 shares of Hertz Global currently worth over $2.22 trillion and making up 92.4% of the portfolio value.
Relative to the number of outstanding shares of Hertz Global, Knighthead Capital Management owns less than 0.6% of the company.
In addition, the fund holds 60,552,827 shares of Wheels Up Experience Inc worth $125 billion.
The third-largest holding is Global Blue AG worth $56.5 billion and the next is Ati Physical Therapy Inc worth $2.29 billion, with 258,600 shares owned.
Currently, Knighthead Capital Management's portfolio is worth at least $2.41 trillion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Knighthead Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Thomas Wagner serves as the Managing Member at Knighthead Capital Management.
In the most recent 13F filing, Knighthead Capital Management revealed that it had opened a new position in
Wheels Up Experience Inc and bought 60,552,827 shares worth $125 billion.
The investment fund also strengthened its position in Global Blue AG by buying
4,515,977 additional shares.
This makes their stake in Global Blue AG total 9,286,969 shares worth $56.5 billion.
Global Blue AG soared 29.2% in the past year.
On the other hand, there are companies that Knighthead Capital Management is getting rid of from its portfolio.
Knighthead Capital Management closed its position in Sabre Corp on 14th November 2023.
It sold the previously owned 7,489,151 shares for $43.7 million.
The two most similar investment funds to Knighthead Capital Management are Private Management Group Inc and Perigon Wealth Management. They manage $2.41 trillion and $2.42 trillion respectively.
Knighthead Capital Management’s portfolio is diversified across 3 sectors.
Currently, their heaviest sector is Industrials — making up 92.4% of
the total portfolio value.
The fund focuses on investments in the United States as
25.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
approximately 0.1% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $3.05 billion.
These positions were updated on November 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Hertz Global Holdings Inc. |
No change
181,455,469
|
$2,222,829,495,000 | 92.35% |
| Wheels Up Experience Inc |
Opened
60,552,827
|
$125,344,352,000 | 5.21% |
| Global Blue Group Holding AG |
94.65%
9,286,969
|
$56,464,772,000 | 2.35% |
| Ati Physical Therapy Inc |
Opened
258,600
|
$2,291,196,000 | 0.10% |
| Sabre Corp |
Closed
7,489,151
|
$43,662,000 | |
| Alight Inc. |
Closed
3,301,707
|
$22,287,000 | |
| Ati Physical Therapy Inc |
Closed
8,239,642
|
$11,618,000 | |
| Braemar Hotels Resorts Inc |
Closed
1,498,937
|
$6,430,000 | |
| Pge Corp |
Closed
300
|
$3,000 | |
| No transactions found | |||
| Showing first 500 out of 9 holdings | |||