Knighthead Capital Management, LLC

Holdings History for SPDR S&P 500 ETF TRUST - TR UNIT (SPY)

Symbol: SPY on NYSE
Investment type: Equity / TR UNIT

Shares, Excluding Options vs Price

Value, Excluding Options

Holdings date	Option	Weight	Change	Value $	Shares	Change	Activity %	Price	All Holders
30 Jun 2025	put		-43%	$0	0	-500,000	-100%	$681.27	Q2 2025
31 Mar 2025	put	43%	0%	$279,695,000	500,000	0		$559.39	Q1 2025
31 Dec 2024			-15%	$0	0	-500,000	-100%	$681.27	Q4 2024
31 Dec 2024	put	31%	+31%	$293,040,000	500,000	+500,000	NEW	$586.08	Q4 2024
30 Sep 2024		15%	+15%	$286,880,000	500,000	+500,000	NEW	$573.76	Q3 2024
30 Sep 2024	put		-59%	$0	0	-1,000,000	-100%	$681.27	Q3 2024
30 Jun 2024	put	59%	+61%	$544,220,000	1,000,000	+500,000	+100%	$544.22	Q2 2024
31 Mar 2024	put	59%	-59%	$261,535,000	500,000	-500,000	-50%	$523.07	Q1 2024
31 Dec 2023	put	54%	0%	$475,310,000	1,000,000	0		$475.31	Q4 2023
30 Sep 2023	call		-16%	$0	0	-500,000	-100%	$681.27	Q3 2023
30 Sep 2023	put	62%	-62%	$427,480,000	1,000,000	-1,000,000	-50%	$427.48	Q3 2023
30 Jun 2023	call	16%	+16%	$221,640,000	500,000	+500,000	NEW	$443.28	Q2 2023
30 Jun 2023	put	63%	-32%	$886,560,000	2,000,000	-1,000,000	-33%	$443.28	Q2 2023
31 Mar 2023	put	78%	+39%	$1,228,170,000	3,000,000	+1,500,000	+100%	$409.39	Q1 2023
31 Dec 2022	put	62%	+21%	$573,645,000	1,500,000	+500,000	+50%	$382.43	Q4 2022
30 Sep 2022	put	40%	-178%	$357,180,000	1,000,000	-4,500,000	-82%	$357.18	Q3 2022
30 Jun 2022	put	86%	-35%	$2,074,875,000	5,500,000	-2,200,000	-29%	$377.25	Q2 2022
31 Mar 2022	put	82%	+61%	$3,477,628,000	7,700,000	+5,700,000	+285%	$451.64	Q1 2022
31 Dec 2021	put	79%	0%	$949,920,000	2,000,000	0		$474.96	Q4 2021
30 Sep 2021	put	61%	0%	$858,340,000	2,000,000	0		$429.17	Q3 2021
30 Jun 2021	put	71%	+71%	$856,120,000	2,000,000	+2,000,000	NEW	$428.06	Q2 2021
31 Mar 2021	put		-13%	$0	0	-500,000	-100%	$681.27	Q1 2021
31 Dec 2020	put	13%	+1.3%	$186,925,000	500,000	+50,000	+11%	$373.85	Q4 2020
30 Sep 2020	put	33%	-7.5%	$150,701,000	450,000	-102,000	-18%	$334.89	Q3 2020
30 Jun 2020	put	77%	-77%	$170,215,000	552,000	-548,000	-50%	$308.36	Q2 2020
31 Mar 2020	put	84%	+38%	$283,525,000	1,100,000	+500,000	+83%	$257.75	Q1 2020
31 Dec 2019	put	70%	-117%	$193,116,000	600,000	-1,000,000	-62%	$321.86	Q4 2019
30 Sep 2019	put	97%	+60%	$474,832,000	1,600,000	+1,000,000	+167%	$296.77	Q3 2019
30 Jun 2019	put	69%	0%	$175,800,000	600,000	0		$293.00	Q2 2019
31 Mar 2019	put	81%	+0.81%	$169,488,000	600,000	+6,000	+1%	$282.48	Q1 2019
31 Dec 2018	call		-84%	$0	0	-7,142,500	-100%	$681.27	Q4 2018
31 Dec 2018	put	93%	-63%	$148,452,000	594,000	-406,000	-41%	$249.92	Q4 2018
30 Sep 2018	call	84%	+84%	$2,076,468,000	7,142,500	+7,142,500	NEW	$290.72	Q3 2018
30 Sep 2018	put	12%	0%	$290,720,000	1,000,000	0		$290.72	Q3 2018
30 Jun 2018	put	88%	0%	$271,280,000	1,000,000	0		$271.28	Q2 2018
31 Mar 2018	put	91%	-46%	$263,150,000	1,000,000	-500,000	-33%	$263.15	Q1 2018
31 Dec 2017	put	85%	0%	$400,290,000	1,500,000	0		$266.86	Q4 2017
30 Sep 2017	put	95%	0%	$376,845,000	1,500,000	0		$251.23	Q3 2017
30 Jun 2017	put	100%	-27%	$362,700,000	1,500,000	-401,400	-21%	$241.80	Q2 2017
31 Mar 2017	put	100%	+1.2%	$448,236,000	1,901,400	+23,300	+1.2%	$235.74	Q1 2017
31 Dec 2016	put	91%	-28%	$419,812,000	1,878,100	-585,300	-24%	$223.53	Q4 2016
30 Sep 2016	put	100%	+100%	$532,833,000	2,463,400	+2,463,400	NEW	$216.30	Q3 2016
30 Sep 2015	put		-86%	$0	0	-2,750,000	-100%	$681.27	Q3 2015
30 Jun 2015	put	86%	+86%	$566,088,000	2,750,000	+2,750,000	NEW	$205.85	Q2 2015
30 Jun 2014	put		-100%	$0	0	-640,000	-100%	$681.27	Q2 2014
31 Mar 2014	put	100%	+100%	$119,686,000	640,000	+640,000	NEW	$187.01	Q1 2014

* Reported Price is the price of the security as of the portfolio date. This value is significant in that it is the last known price at which the security was still held.
An asterisk sign (*) next to the price indicates that the price is likely invalid.