Knighthead Capital Management, LLC
- SEC CIK
- 0001512397
- Latest filing
- Aug 14, 2026
The latest 13F from Knighthead Capital Management, LLC covers Q2 2026 (filed Aug 14, 2026): 4 long positions worth $560.1M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Hertz Global Holdings, Inc (HTZ) at 73.5%. Livermore has 23 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q2 2026
Share counts compared with Q1 2026: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 1
- Est. +$16.0M
- Added
- 0
- Reduced
- 0
- Sold out
- 0
Top 5 holdings
Share of this quarter's portfolio value
Biggest sells
Reduced and sold-out positions, by estimated amount sold
None this quarter.
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
None this quarter.
Metrics
13F metrics for Q2 2026, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $560.1M
- −$428.5M (−43.3%) vs. prior quarter
- Positions
- 4
- +1 vs. prior quarter
- Top 10 concentration
- 100.0%
- Top 10 as share of value
- Turnover
- 0.0%
- Q2 2026, one quarter
- Average holding period
- 14.3 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.
13F filings by quarter
22 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $4.78B (Q4 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q2 2026 | Aug 14, 2026 | 4 | $560.1M | HTZUPTDS | vs. Q1 2026 | SEC |
| Q1 2026 | May 15, 2026 | 3 | $988.6M | HTZUPTDS | vs. Q4 2025 | SEC |
| Q4 2025 | Feb 17, 2026 | 4 | $1.14B | HTZUPTDS | vs. Q3 2025 | SEC |
| Q3 2025 | Nov 14, 2025 | 4 | $1.73B | HTZUPECHO | vs. Q2 2025 | SEC |
| Q2 2025 | Aug 14, 2025 | 4 | $1.59B | HTZUPGlobal Blue Group Holding AG | vs. Q1 2025 | SEC |
| Q1 2025 | May 15, 2025 | 4 | $1.05B | HTZUPGlobal Blue Group Holding AG | vs. Q4 2024 | SEC |
| Q4 2024 | Feb 14, 2025 | 5 | $1.16B | HTZUPGlobal Blue Group Holding AG | vs. Q3 2024 | SEC |
| Q3 2024 | Nov 14, 2024 | 9 | $1.92B | UPHTZSPY | vs. Q2 2024 | SEC |
| Q2 2024 | Aug 14, 2024 | 5 | $1.18B | HTZUPGlobal Blue Group Holding AG | vs. Q1 2024 | SEC |
| Q1 2024 | May 15, 2024 | 5 | $2.22B | HTZUPGlobal Blue Group Holding AG | vs. Q4 2023 | SEC |
| Q4 2023 | Feb 14, 2024 | 6 | $2.83B | HTZUPGlobal Blue Group Holding AG | vs. Q3 2023 | SEC |
| Q3 2023 | Nov 15, 2023Amended | 7 | $2.44B | HTZUPGlobal Blue Group Holding AG | vs. Q2 2023 | SEC |
| Q2 2023 | Aug 14, 2023 | 7 | $3.45B | HTZCoinbase Global, Inc.Global Blue Group Holding AG | vs. Q1 2023 | SEC |
| Q1 2023 | May 15, 2023 | 7 | $3.07B | HTZGlobal Blue Group Holding AGCoinbase Global, Inc. | vs. Q4 2022 | SEC |
| Q4 2022 | Feb 14, 2023 | 7 | $2.89B | HTZGlobal Blue Group Holding AGCoinbase Global, Inc. | vs. Q3 2022 | SEC |
| Q3 2022 | Nov 14, 2022 | 8 | $3.08B | HTZSABRGlobal Blue Group Holding AG | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 15, 2022 | 9 | $3.00B | HTZSABRGlobal Blue Group Holding AG | vs. Q1 2022 | SEC |
| Q1 2022 | May 16, 2022 | 8 | $4.23B | HTZSABRPCG | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 14, 2022 | 8 | $4.78B | HTZPCGSABR | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 15, 2021 | 7 | $253.6M | PCGSABRALIT | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 16, 2021 | 7 | $235.2M | PCGSABRALIT | vs. Q1 2021 | SEC |
| Q1 2021 | May 17, 2021 | 7 | $213.2M | PCGSABRETRN | – | SEC |
13D and 13G filings
Companies where Knighthead Capital Management, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.
Current stakes of 5% or more
Knighthead Capital Management, LLC does not currently report owning 5% or more of any company.
Latest filings
8 filings on file made by Knighthead Capital Management, LLC or listing it as a reporting person, newest first.
| Company | Filed (ET) | Filer | Form | Stake | Change | Event date | Filing |
|---|---|---|---|---|---|---|---|
| HTZHertz Global Holdings, Inc | Mar 26, 20255:19 PM ET | CK Amarillo LPand 3 others | 13D/A | 59.10%181.5M shares | – | Mar 24, 2025 | SEC |
| ATIPATI Physical Therapy, Inc. | May 10, 2024 | Knighthead Capital Management, LLC | 13D/AOld format | – | – | – | SEC |
| ATIPATI Physical Therapy, Inc. | Feb 8, 2024 | Knighthead Capital Management, LLC | 13D/AOld format | – | – | – | SEC |
| ATIPATI Physical Therapy, Inc. | Jun 20, 2023 | Knighthead Capital Management, LLC | 13D/AOld format | – | – | – | SEC |
| ATIPATI Physical Therapy, Inc. | Apr 21, 2023 | Knighthead Capital Management, LLC | 13D/AOld format | – | – | – | SEC |
| ATIPATI Physical Therapy, Inc. | Oct 20, 2022 | Knighthead Capital Management, LLC | 13D/AOld format | – | – | – | SEC |
| ATIPATI Physical Therapy, Inc. | Sep 28, 2022 | Knighthead Capital Management, LLC | 13D/AOld format | – | – | – | SEC |
| ATIPATI Physical Therapy, Inc. | Mar 4, 2022 | Knighthead Capital Management, LLC | 13DOld format | – | New | – | SEC |