Main WSB mods keep removing Hertz posts, so we need to flock here to maintain safe. I’ve created this post to warn you that a serious short squeeze could occur, but DIAMOND HANDS are required. Please read.
Ackman and Knighthead Capital Management collectively lock up roughly 79.8% of Hertz’s economic exposure and share structure, significantly shrinking the public float.Breakdown of StakesKnighthead Capital Management: Holds a staggering \~59% stake (roughly 181.5 million shares) originating from its post-bankruptcy backing and turnaround restructuring of the company.Bill Ackman (Pershing Square): Holds a 19.8% stake, which is accumulated through a combination of direct share ownership and total return swaps.Combined with other major institutional blocks (such as Vanguard), these concentrated positions leave a very thin remaining public float available for regular trading. Continuous high volume could lead to candles tearing down a starlink satellite.
Position was posted earlier: I thought 500 $1.50 calls expiring next week. Sc is in that post. It’s a 23,000 position. 70% of my port. God speed, see you in valhalla