King Street Capital Management, L.P.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), King Street Capital Management, L.P. reported 8 stock positions worth $242.9 million. Its top holding was Boeing (BA) at 36.4% of the portfolio, followed by Surgery Partners (SGRY, 24.4%) and Aveanna Healthcare (AVAH, 12.0%). Compared with Q3 2024, it opened 2 new positions, sold out of 1 and added to 4. The biggest buy was a new position in Boeing (BA) and the biggest sale an exit from CBL & Associates Properties (CBL).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001218199
Portfolio Value
$242.9M (Q4 2024)
SEC Filing
0001172661-25-000902 ↗ filed Feb 14, 2025

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 Q3 2024 Q4 2024: $242.9M $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 8 stocks · $242.9M
BA The Boeing Co. 36.43% 500,000 $88.5M New
SGRY Surgery Partners Inc. 24.40% 2,800,000 $59.3M Add +93.1%
AVAH Aveanna Healthcare Holdings 12.04% 6,400,000 $29.2M No change
BLCO Bausch + Lomb Corp. 8.45% 1,136,321 $20.5M Add +55.2%
PCG P G & E Corp. 7.14% 860,000 $17.4M New
UNIT Uniti Group LLC Com SHS 5.89% 2,600,000 $14.3M Add +66.7%
AMBP Ardagh Metal Packaging SA 3.16% 2,550,000 $7.7M Add +155.0%
OPTU Optimum Communications Inc. Class A filed as ALTICE USA INC 2.48% 2,500,000 $6.0M No change

Options reported separately and not counted above: NVDA puts ($80.6M).

Other holdings (6): bonds, preferreds, convertibles and warrants · $335.7M (not counted above)
SecurityClassShares / PrincipalValueChange
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal 118,000,000$128.2MNew
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 1,700,000$103.9MNew
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A 1,600,000$79.9MNew
ANYWHERE RE GRP/REALOGY (HOUS 0.25 06/15/26) NOTE 0.250% 6/1 · principal 16,500,000$14.7MNo change
UPSTART HOLDINGS INC (UPST 0.25 08/15/26) NOTE 0.250% 8/1 · principal 10,000,000$9.0MReduce -49.5%
PLMWF Plum Acquisition Corp. III-CW *W EXP 03/31/202 333,333$60KNo change

Total filed on the 13F, all lines: $578.6M.

Portfolio Sells Q3 2024 → Q4 2024
CBL CBL & Associates Properties Sold out 0.00% −0.10

Portfolio Buys Q3 2024 → Q4 2024
BA The Boeing Co. New 36.43% +36.43
PCG P G & E Corp. New 7.14% +7.14
AMBP Ardagh Metal Packaging SA Add +155.0% 3.16% −0.18
UNIT Uniti Group LLC Com SHS Add +66.7% 5.89% −1.90
BLCO Bausch + Lomb Corp. Add +55.2% 8.45% −4.05
SGRY Surgery Partners Inc. Add +93.1% 24.40% −16.97

Options Activity Q3 2024 → Q4 2024
NVDA Nvidia Corp. put New 600,000 $80.6M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

Notes & Other Activity Q3 2024 → Q4 2024
PG&E CORP (PCG 4.25 12/01/27) NOTE 4.250%12/0 · principal New 118,000,000 $128.2M
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A New 1,700,000 $103.9M
PG&E CORP (PCG 6 12/01/27 A) PFD CONV SER A New 1,600,000 $79.9M
UPSTART HOLDINGS INC (UPST 0.25 08/15/26) NOTE 0.250% 8/1 · principal Reduce -49.5% 10,000,000 $9.0M

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