Q4 2025 · 13F-HR
KING STREET CAPITAL MANAGEMENT, L.P.holdings as filed
Filed 2026-02-17 · accession 0001172661-26-000871
$724.3M
Reported value
12
Positions
2025-12-31
Period end
The Brief · KING STREET CAPITAL MANAGEMENT, L.P. · Q4 2025
AI · grounded in 13F
KING STREET CAPITAL MANAGEMENT, L.P. exited its position in HYG for a reduction of $771.3M. The fund also closed out positions in LQD for $724.6M and NVDA for $111.9M. On the buy side, the fund established a new position in LPLA worth $37.1M and added RH with a new position of $15.6M. Additionally, the fund increased its share counts in AGNC by 145.4% and NLY by 137.7%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 86881A100 | SGRY | SURGERY PARTNERS INC | $158.0M | 21.8% | 10,229,730 | Common | SOLE |
| 097023105 | BA | BOEING CO | $144.2M | 19.9% | 664,000 | Common | SOLE |
| 097023204 | BA 6 10/15/27 | BOEING CO | $118.4M | 16.3% | 1,706,000 | Common | SOLE |
| 69331CAL2 | PCG 4.25 12/01/27 | PG&E CORP | $113.5M | 15.7% | 110,000,000 | Common | SOLE |
| 50212V100 | LPLA | LPL FINL HLDGS INC | $37.1M | 5.13% | 104,000 | Common | SOLE |
| 00123Q104 | AGNC | AGNC INVT CORP | $34.9M | 4.81% | 3,251,000 | Common | SOLE |
| 035710839 | NLY | ANNALY CAPITAL MANAGEMENT IN | $31.9M | 4.40% | 1,426,225 | Common | SOLE |
| 91823B109 | UWMC | UWM HOLDINGS CORPORATION | $20.1M | 2.78% | 4,594,000 | Common | SOLE |
| 02005N100 | ALLY | ALLY FINL INC | $19.9M | 2.74% | 438,500 | Common | SOLE |
| 912932100 | UNIT | UNITI GROUP LLC | $17.5M | 2.42% | 2,498,226 | Common | SOLE |
| 74967X103 | RH | RH | $15.6M | 2.15% | 87,000 | Common | SOLE |
| 02156K103 | OPTU | OPTIMUM COMMUNICATIONS INC | $13.3M | 1.83% | 8,032,126 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.