King Street Capital Management, L.P.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 18, 2024), King Street Capital Management, L.P. reported 7 stock positions worth $113.0 million. Its top holding was Surgery Partners (SGRY) at 41.4% of the portfolio, followed by Aveanna Healthcare (AVAH, 29.5%) and Bausch + Lomb (BLCO, 12.5%). Compared with Q2 2024, it opened 4 new positions and reduced 1. The biggest buy was a new position in Surgery Partners (SGRY) and the biggest sale Ardagh Metal Packaging (AMBP, shares −77%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001218199
Portfolio Value
$113.0M (Q3 2024)
SEC Filing
0000950142-24-002797 ↗ filed Nov 18, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $46.7M Q1 2024 Q2 2024: $37.6M Q2 2024 Q3 2024: $113.0M $113.0M Q3 2024 Q4 2024: $242.9M Q4 2024 Q1 2025: $369.9M Q1 2025 Q2 2025: $370.7M Q2 2025 Q3 2025: $499.9M Q3 2025 Q4 2025: $492.4M Q4 2025 Q1 2026: $328.0M Q1 2026 Q2 2026: $189.7M Q2 2026

Holdings 7 stocks · $113.0M
SGRY Surgery Partners Inc. 41.38% 1,450,000 $46.7M New
AVAH Aveanna Healthcare Holdings 29.46% 6,400,000 $33.3M No change
BLCO Bausch + Lomb Corp. 12.50% 732,065 $14.1M New
UNIT Uniti Group LLC Com SHS 7.79% 1,560,000 $8.8M New
OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC 5.44% 2,500,000 $6.2M No change
AMBP Ardagh Metal Packaging SA 3.34% 1,000,000 $3.8M Reduce -77.0%
CBL CBL & Associates Properties 0.10% 4,582 $115K New
Other holdings (3): bonds, preferreds, convertibles and warrants · $31.9M (not counted above)
SecurityClassShares / PrincipalValueChange
UPSTART HOLDINGS INC (UPST 0.25 08/15/26) NOTE 0.250% 8/1 · principal 19,800,000$17.5MNo change
ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) NOTE 0.250% 6/1 · principal 16,500,000$14.4MNo change
PLMWF Plum Acquisition Corp. III-CW *W EXP 03/31/202 333,333$20KNo change

Total filed on the 13F, all lines: $144.8M.

Portfolio Sells Q2 2024 → Q3 2024
AMBP Ardagh Metal Packaging SA Reduce -77.0% 3.34% −36.05

Portfolio Buys Q2 2024 → Q3 2024
SGRY Surgery Partners Inc. New 41.38% +41.38
BLCO Bausch + Lomb Corp. New 12.50% +12.50
UNIT Uniti Group LLC Com SHS New 7.79% +7.79
CBL CBL & Associates Properties New 0.10% +0.10

Notes & Other Activity Q2 2024 → Q3 2024
DISH NETWORK CORP (DISH 3.375 08/15/26) NOTE 3.375% 8/1 · principal Sold out 11,500,000 $7.2Mbefore exit
BRAEMAR HOTELS & RESORTS (BHR 4.5 06/01/26) NOTE 4.500% 6/0 · principal Sold out 6,700,000 $5.9Mbefore exit

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 6$189.7MSGRY, USHY, HYG, TLN, VST
Q1 2026 11$328.0MSGRY, BA, BXSL, UWMC, UNIT
Q4 2025 10$492.4MSGRY, BA, LPLA, AGNC, NLY
Q3 2025 13$499.9MSGRY, BA, UNIT, SLG, KRE
Q2 2025 7$370.7MBA, SGRY, UNIT, AVAH, HOUS
Q1 2025 8$369.9MBA, SGRY, AVAH, UNIT, PCG
Q4 2024 8$242.9MBA, SGRY, AVAH, BLCO, PCG
Q3 2024Amended 7$113.0MSGRY, AVAH, BLCO, UNIT, OPTU
Q2 2024Amended 3$37.6MAVAH, AMBP, OPTU
Q1 2024 3$46.7MAVB, AVAH, VMRK