King Street Capital Management, L.P.
King Street Capital Management, L.P. is a leading global alternative asset manager founded in 1995 and headquartered in New York, NY. The firm oversees more than $29 billion in assets and operates across an institutional platform spanning public and private markets. With over 250 employees worldwide—including 90+ investment professionals—it maintains offices in key global financial centers, including London, Singapore, Tokyo, Charlottesville, Dublin, Dubai, and Menlo Park. King Street specializes as a global credit and event-driven specialist, serving institutional investors such as pension funds, sovereign wealth funds, endowments, and foundations.
Investment Strategy
King Street Capital Management employs a fundamental, research-intensive approach focused on identifying dislocations and mispriced opportunities across asset classes, capital structures, and geographies. The firm leverages its deep expertise in credit, restructurings, bankruptcies, and event-driven investing, combining rigorous research with tactical trading and robust sourcing to deliver risk-adjusted returns for institutional clients. Their investment strategy spans both public and private markets, often emphasizing bespoke lending, distressed assets, and complex financial situations where their analytical edge and global reach add value.
Top Holdings
Equity Positions (7)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
B BA | BOEING CO | 14.97% | $157.1M | 750,000 | $174.13 | $209.53 | +$3.7M |
S SGRY | SURGERY PARTNERS INC | 13.18% | $138.4M | 6,225,000 | $24.87 | $22.23 | +$19.6M |
U UNIT | UNITI GROUP INC | 2.47% | $25.9M | 6,000,000 | $8.45 | $7.18 | +$3.7M |
A AVAH | AVEANNA HEALTHCARE HLDGS INC | 2.27% | $23.8M | 4,550,000 | $1.66 | $5.23 | -$10.1M |
H HOUS | ANYWHERE REAL ESTATE INC | 1.66% | $17.4M | 4,800,000 | $3.51 | $3.62 | +$11.5M |
Options Positions (2)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
H HYG | ISHARES TR | New | Put | $322.6M | 40,000 | $80.65 | $80.65 | +40,000 | +$322.6M |
N NVDA | NVIDIA CORPORATION | — | Put | $94.8M | 6,000 | $157.99 | $134.29 | 0 | +$29.8M |