{ "crd_number": 157483, "slug": "knighthead-capital-management-llc-new-york-ny-157483", "primary_business_name": "KNIGHTHEAD CAPITAL MANAGEMENT, LLC", "legal_name": "KNIGHTHEAD CAPITAL MANAGEMENT, LLC", "dbas": [ "KNIGHTHEAD CAPITAL MANAGEMENT SMA, LLC (RELYING ADVISOR)", "KNIGHTHEAD INSURANCE CAPITAL MANAGEMENT, LP (RELYING ADVISOR)", "KNIGHTHEAD OPPORTUNITIES CAPITAL MANAGEMENT, LLC (RELYING ADVISOR)", "KNIGHTHEAD REALTY CAPITAL MANAGEMENT, LLC (RELYING ADVISER)" ], "city": "New York", "state": "NY", "country": "United States", "cbsa_code": "35620", "metro": { "cbsa_code": "35620", "common_name": "New York", "msa_name": "New York-Newark-Jersey City, NY-NJ", "path": "/advisors/ny/new-york" }, "registration_type": "sec", "registration_status": "Approved", "registration_date": "2012-02-27", "years_registered": 14, "period": "2026-10-01", "filing_date": "2026-05-07", "carried_forward": false, "raum_total": 18985887392.0, "raum_discretionary": 18890998928.0, "raum_non_discretionary": 94888464.0, "raum_band": "over_5b", "raum_band_label": "Over $5 billion", "total_employees": 58, "advisory_employees": 29, "client_count_bucket": null, "clients_by_type": { "other": { "raum": 436164.0, "count": 9, "description": "MANAGED ACCOUNT" }, "insurance_companies": { "raum": 4859714789.0, "count": 11 }, "pooled_investment_vehicles": { "raum": 14125736439.0, "count": 30 } }, "compensation_types": [ "other", "percentage_of_aum", "performance_based" ], "advisory_activities": [ "portfolio_management_businesses_institutional", "portfolio_management_pooled_vehicles" ], "wrap_fee_participant": false, "disclosure_yes_count": 0, "states_registered": [ "CT", "FL", "NY" ], "websites": [ "https://knighthead.com", "https://knightheadfunding.com", "https://linkedin.com/company/knighthead-capital-llc" ], "iapd_url": "https://adviserinfo.sec.gov/firm/summary/157483", "city_as_filed": "NEW YORK", "url": "https://advisorcensus.com/firm/knighthead-capital-management-llc-new-york-ny-157483", "display_name": "Knighthead Capital Management, LLC", "summary": "Knighthead Capital Management, LLC is an SEC-registered investment advisory firm in New York, NY, registered since 2012, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated May 7, 2026.", "citation": "AdvisorCensus. Knighthead Capital Management, LLC (CRD 157483): Form ADV filing data as of October 2026.", "registration_type_label": "SEC-registered investment adviser", "compensation_labels": [ "A percentage of assets under your management", "Performance-based fees", "Other" ], "advisory_activity_labels": [ "Portfolio management for pooled investment vehicles (other than investment companies)", "Portfolio management for businesses (other than small businesses) or institutional clients" ], "quick_answers": [ { "q": "How is Knighthead Capital Management, LLC compensated?", "a": "On its Form ADV (Item 5.E, October 2026), Knighthead Capital Management, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure." }, { "q": "Where is Knighthead Capital Management, LLC located?", "a": "Knighthead Capital Management, LLC's principal office is in New York, NY, according to its Form ADV; the June 2026 filing also lists 2 other offices (Schedule D, Section 1.F)." }, { "q": "Is Knighthead Capital Management, LLC registered with the SEC or a state?", "a": "Knighthead Capital Management, LLC is an SEC-registered investment advisory firm, registered since 2012. Status as filed: Approved. CRD 157483." }, { "q": "How much does Knighthead Capital Management, LLC manage?", "a": "Knighthead Capital Management, LLC reports $18,985,887,392 in regulatory assets under management in its Form ADV filing dated May 7, 2026 (100% discretionary)." }, { "q": "How have Knighthead Capital Management, LLC's assets and staff changed since 2021?", "a": "In the Form ADV data for Knighthead Capital Management, LLC: Regulatory assets under management: $7,263,101,634 in the October 2021 data and $18,985,887,392 in the October 2026 data, up 161%. Total employees: 29 in October 2021 and 58 in October 2026. Assets under management move with markets as well as with clients coming and going." }, { "q": "What types of clients does Knighthead Capital Management, LLC serve?", "a": "By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (30); insurance companies (11); other (9)." }, { "q": "Which custodians does Knighthead Capital Management, LLC use?", "a": "Knighthead Capital Management, LLC's most recent Form ADV filing (Schedule D, Section 5.K(3)) lists State Street Bank and Trust Company and The Northern Trust Company as custodians holding 10% or more of its separately managed account assets." }, { "q": "Does Knighthead Capital Management, LLC report any disciplinary disclosures?", "a": "Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/157483" }, { "q": "What changed in Knighthead Capital Management, LLC's recent Form ADV filings?", "a": "In the April 2026 filing data: Employees performing advisory functions went from 22 to 29. Regulatory assets under management went from $15,881,260,834 to $18,985,887,392 (+20%). Updated its list of owners and control persons (Schedule A)." } ], "filing_history": [ { "period": "2021-10-01", "regulatory_assets_under_management": 7263101634.0, "total_employees": 29, "filing_date": "2021-03-22" }, { "period": "2022-10-01", "regulatory_assets_under_management": 15239272651.0, "total_employees": 32, "filing_date": "2022-05-02" }, { "period": "2023-10-01", "regulatory_assets_under_management": 13393383573.0, "total_employees": 36, "filing_date": "2023-04-28" }, { "period": "2024-10-01", "regulatory_assets_under_management": 16132238634.0, "total_employees": 49, "filing_date": "2024-05-02" }, { "period": "2025-10-01", "regulatory_assets_under_management": 15881260834.0, "total_employees": 50, "filing_date": "2025-05-08" }, { "period": "2026-10-01", "regulatory_assets_under_management": 18985887392.0, "total_employees": 58, "filing_date": "2026-05-07" } ], "recent_changes": [ { "period": "2026-04-01", "period_label": "April 2026", "notes": [ "Employees performing advisory functions went from 22 to 29.", "Regulatory assets under management went from $15,881,260,834 to $18,985,887,392 (+20%).", "Updated its list of owners and control persons (Schedule A)." ] } ], "fees_from_brochure": null, "custodians": [ { "name": "State Street Bank and Trust Company", "name_as_filed": "STATE STREET BANK AND TRUST COMPANY", "affiliated": false }, { "name": "The Northern Trust Company", "name_as_filed": "THE NORTHERN TRUST COMPANY", "affiliated": false } ], "custodians_note": "Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.", "markdown_url": "https://advisorcensus.com/firm/knighthead-capital-management-llc-new-york-ny-157483.md", "clients": [ { "type": "pooled_investment_vehicles", "label": "Pooled investment vehicles (other than investment companies and business development companies)", "count": 30, "fewer_than_5": false, "raum": 14125736439.0 }, { "type": "insurance_companies", "label": "Insurance companies", "count": 11, "fewer_than_5": false, "raum": 4859714789.0 }, { "type": "other", "label": "Other", "count": 9, "fewer_than_5": false, "raum": 436164.0 } ], "disclosure_line": "Reports no disclosure items on Form ADV Item 11.", "disclosure_items": [], "indexable": true, "suppressed": false, "claimed": false, "enhanced": false, "provided_by_the_firm": null, "source": { "name": "Form ADV", "as_of": "2026-10-01", "iapd_url": "https://adviserinfo.sec.gov/firm/summary/157483", "operator": "BH Monitor Services, LLC", "license": "https://creativecommons.org/licenses/by/4.0/", "credit": "AdvisorCensus (advisorcensus.com), from SEC Form ADV data" } }