Institutional
KING STREET CAPITAL MANAGEMENT, L.P.
CIK 0001218199
$328.0M
Reported AUM
11
Positions
Q1 2026
Period
2026-05-15
Filed
The Brief · KING STREET CAPITAL MANAGEMENT, L.P. · Q1 2026
AI · grounded in 13F
KING STREET CAPITAL MANAGEMENT, L.P. exited its position in BOEING CO [[stock:BA 6 10/15/27]] for a reduction of $118.4M. The fund also closed positions in PG&E CORP [[stock:PCG 4.25 12/01/27]] for $113.5M and LPL FINL HLDGS INC LPLA for $37.1M. On the buy side, the fund established new positions in BLACKSTONE SECD LENDING FD BXSL for $29.6M and SELECT SECTOR SPDR TR XLI for $18.9M. Additionally, it increased its stake in UWM HOLDINGS CORPORATION UWMC by 69.8%.
Portfolio · Q1 2026
Top holdings
QoQ vs Q4 2025
| # | Stock | Issuer | Price | Day % | 1Y Gr. | 5Y Gr. | Value | % of book | Δ shares (QoQ) | Status |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | SGRY | SURGERY PARTNERS INC | $13.71 | 0.22% | -40.88% | -74.87% | $121.9M | 37.17% | — | HELD |
| 2 | BA | BOEING CO | $215.45 | -0.91% | 2.21% | -4.87% | $51.4M | 15.68% | −405,645 | −61.1% |
| 3 | BXSL | BLACKSTONE SECD LENDING FD | $23.24 | -1.40% | -17.24% | 22.06% | $29.6M | 9.03% | +1,250,000 | NEW |
| 4 | UWMC | UWM HOLDINGS CORPORATION | $2.60 | 0.19% | -32.59% | -51.03% | $28.2M | 8.61% | +3,205,000 | +69.8% |
| 5 | UNIT | UNITI GROUP LLC | $11.68 | -0.93% | 61.64% | -19.22% | $23.4M | 7.14% | — | HELD |
| 6 | XLI | SELECT SECTOR SPDR TR | $174.18 | -1.12% | 21.80% | 81.29% | $18.9M | 5.75% | +116,660 | NEW |
| 7 | TLN | TALEN ENERGY CORP | $361.74 | -0.82% | 41.08% | 572.33% | $15.0M | 4.57% | +47,000 | NEW |
| 8 | VG | VENTURE GLOBAL INC | $12.80 | -2.74% | -15.36% | -14.47% | $14.0M | 4.28% | +890,000 | NEW |
| 9 | OPTU | OPTIMUM COMMUNICATIONS INC | $1.09 | -0.91% | -51.56% | -96.45% | $10.4M | 3.18% | — | HELD |
| 10 | VST | VISTRA CORP | $148.76 | -3.21% | -13.88% | 750.99% | $8.9M | 2.70% | +59,000 | NEW |
| 11 | AGNC | AGNC INVT CORP | $10.17 | -1.17% | 28.30% | 26.02% | $6.2M | 1.88% | −2,636,000 | −81.1% |
| 12 | BA 6 10/15/27 | BOEING CO | — | — | — | — | — | — | −1,706,000 | EXITED |
| 13 | PCG 4.25 12/01/27 | PG&E CORP | — | — | — | — | — | — | −110,000,000 | EXITED |
| 14 | LPLA | LPL FINL HLDGS INC | $288.49 | -1.15% | -25.56% | 109.46% | — | — | −104,000 | EXITED |
| 15 | NLY | ANNALY CAPITAL MANAGEMENT IN | $21.24 | 0.07% | 27.44% | 18.86% | — | — | −1,426,225 | EXITED |
| 16 | ALLY | ALLY FINL INC | $42.77 | 0.85% | 21.36% | -1.81% | — | — | −438,500 | EXITED |
| 17 | RH | RH | $146.63 | -4.32% | -20.08% | -77.92% | — | — | −87,000 | EXITED |
Source: SEC EDGAR · accession 0001172661-26-002091. 13F discloses long positions only — shorts, foreign equities, and options are excluded.