Kingstown Capital Management 13F holdings, Q1 2012
Holdings as of March 31, 2012 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 16 US equity positions worth $292.7m in its Q1 2012 13F filing. The largest position was VODAFONE GROUP PLC NEW SPONS at 13.2% of the reported book, followed by LIBERTY MEDIA CORPORATION LIB CAP and FOREST CITY ENTERPRISES INC. Against the Q4 2011 filing, it opened 3 new positions, added to 3 and reduced 6 among the top 16 holdings.
What did Kingstown Capital Management own in Q1 2012? Top 16 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2011 |
|---|---|---|---|---|---|---|---|
| 1 | VODAFONE GROUP PLC NEW SPONS | 13.2% | $38.7m | 1,400,000 | 27% | added | |
| 2 | LIBERTY MEDIA CORPORATION LIB CAP | 12.0% | $35.3m | 400,000 | 0% | held | |
| 3 | FOREST CITY ENTERPRISES INC | 10.7% | $31.3m | 2,000,000 | 18% | added | |
| 4 | GENERAL MTRS CO JR | 9.9% | $28.9m | 690,000 | -16% | reduced | |
| 5 | PHH CORP | 8.7% | $25.5m | 1,650,000 | – | new | |
| 6 | COMPUCREDIT HLDGS CORP | 7.0% | $20.4m | 20,550,000 | -25% | reduced | |
| 7 | ORI OLD REP INTL CORP | Financial Services | 6.7% | $19.5m | 1,850,000 | 284% | added |
| 8 | QLT INC | 6.2% | $18.2m | 2,600,000 | -13% | reduced | |
| 9 | REGIS CORP MINN | 5.7% | $16.6m | 900,000 | – | new | |
| 10 | MI DEVS INC | 4.7% | $13.8m | 400,152 | -58% | reduced | |
| 11 | LENDER PROCESSING SVCS INC | 4.4% | $13.0m | 500,000 | -23% | reduced | |
| 12 | BLYTH INC | 4.2% | $12.3m | 165,000 | -3% | reduced | |
| 13 | BARNES & NOBLE INC | 3.9% | $11.4m | 862,751 | – | new | |
| 14 | BANK OF AMERICA CORPORATION *W EXP 01/16/201 | 1.8% | $5.3m | 1,150,000 | 0% | held | |
| 15 | SANOFI RIGHT 12/31/2020 | 0.5% | $1.4m | 1,000,000 | 0% | held | |
| 16 | COMPUCREDIT HLDGS CORP | 0.3% | $888.0k | 2,000,000 | 0% | held |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.