KING STREET CAPITAL MANAGEMENT, L.P.

Top Holdings13 positions

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Activity:AllNewIncreasedDecreasedExitedUnchangedFirst report

Stock	Shares	Value	Weight	Price Trend	Avg Buy	Est. P&L	Held	Conviction
HYG ETF iShares iBoxx $ High Yield Corporate Bond ETF	7.5M	$659.6M	32.5%	—	$61.40	0.00%	1 qtr	New 100
??DISH NETWORK CORPORATION Bond	582M	$562.7M	27.8%	—	—	—	5 qtrssince 2018-Q4	Unchanged 0
DISH DISH Network Corp	13M	$459.8M	22.7%	—	—	—	5 qtrssince 2018-Q4	Unchanged 0
ATHDelisted Athene Holding Ltd	1.9M	$91.3M	4.5%	—	—	—	5 qtrssince 2018-Q4	Unchanged 0
PXD Pioneer Natural Resources Co	566,000	$85.7M	4.2%	—	—	—	4 qtrssince 2019-Q1	Increased 91
VICI REIT VICI Properties Inc	1.9M	$48.5M	2.4%	—	$13.90	+31.91%	5 qtrssince 2018-Q4	Decreased 0
PCG PG&E Corp	2.5M	$27.2M	1.3%	—	$19.10	-44.08%	4 qtrssince 2019-Q1	Decreased 0
FOXA Fox Corp	725,000	$26.9M	1.3%	—	$33.57	+85.91%	3 qtrssince 2019-Q2	Unchanged 0
SDRLFDelisted SEADRILL LTD	6.7M	$16.9M	0.8%	—	—	—	5 qtrssince 2018-Q4	Unchanged 0
SGRY SURGERY PARTNERS INC	1M	$15.7M	0.8%	—	$14.45	+6.68%	2 qtrssince 2019-Q3	Increased 67
MOS Mosaic Co/The	700,000	$15.1M	0.7%	—	$18.71	0.00%	1 qtr	New 58
VAVALPQDelisted VALARIS PLC	2M	$13.1M	0.6%	—	—	—	2 qtrssince 2019-Q3	Unchanged 0
??ENSCO JERSEY FIN LTDDelisted Bond	6M	$4.2M	0.2%	—	—	—	4 qtrssince 2019-Q1	Unchanged 0

$2B

AUM

13

Positions

Q4 2019

Filing

HI score · 1.0/5

Quarterly 13F Value Change

Activity profile

$ moved · Q4'19

New81%Increased9%Decreased8%Exited2%

Composition

Equity vs derivatives

Equity100%Puts0%Calls0%

Holding period

Avg 2.5 quarters

<1Q15%1-4Q46%1-2Y38%2Y+0%

KING STREET CAPITAL MANAGEMENT, L.P. manages $2B across 13 positions as of Q4 2019. Top holdings: HYG (32.5%), DISH NETWORK CORPORATION (27.8%), DISH (22.7%). Fund DNA: Momentum Trader. HoldingsIntel Score: 1/5.0.

Position Outcomes

Best and worst performing positions by estimated return

Top Winners

FOXA3Q held

Fox Corp

Avg $33.57 · $20.9M est. P&L

—

Est. P&L

+85.91%

VICI5Q held

VICI Properties Inc

Avg $13.90 · $8.4M est. P&L

—

Est. P&L

+31.91%

SGRY2Q held

SURGERY PARTNERS INC

Avg $14.45 · $966,201 est. P&L

—

Est. P&L

+6.68%

Top Losers

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Cost basis estimates based on full filing history using quarter-end prices. Actual transaction prices are not disclosed in 13F filings.