Kingstown Capital Management 13F holdings, Q1 2013
Holdings as of March 31, 2013 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 17 US equity positions worth $471.2m in its Q1 2013 13F filing. The largest position was VODAFONE GROUP PLC NEW SPONS at 9.6% of the reported book, followed by GM and FOREST CITY ENTERPRISES INC. Against the Q4 2012 filing, it opened 3 new positions, added to 7 and reduced 3 among the top 17 holdings.
What did Kingstown Capital Management own in Q1 2013? Top 17 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2012 |
|---|---|---|---|---|---|---|---|
| 1 | VODAFONE GROUP PLC NEW SPONS | 9.6% | $45.5m | 1,600,000 | 7% | added | |
| 2 | GM GENERAL MTRS CO | Consumer Cyclical | 8.9% | $41.7m | 1,500,000 | 25% | added |
| 3 | FOREST CITY ENTERPRISES INC | 8.5% | $40.0m | 2,250,000 | 5% | added | |
| 4 | GD GENERAL DYNAMICS CORP | Industrials | 8.2% | $38.8m | 550,000 | -15% | reduced |
| 5 | LENDER PROCESSING SVCS INC | 7.3% | $34.4m | 1,350,000 | 12% | added | |
| 6 | S9Q SPIRIT AEROSYSTEMS HLDGS INC | 6.0% | $28.5m | 1,500,000 | – | new | |
| 7 | BABCOCK & WILCOX CO NEW | 6.0% | $28.4m | 1,000,000 | – | new | |
| 8 | LIBERTY MEDIA CORP DELAWARE | 5.9% | $27.9m | 250,000 | – | new | |
| 9 | ORI OLD REP INTL CORP | Financial Services | 5.7% | $26.7m | 2,100,000 | -30% | reduced |
| 10 | QLT INC | 5.6% | $26.5m | 3,000,000 | 0% | held | |
| 11 | BARNES & NOBLE INC | 5.2% | $24.7m | 1,500,000 | 15% | added | |
| 12 | COMVERSE INC | 5.1% | $23.8m | 850,000 | 49% | added | |
| 13 | MARVELL TECHNOLOGY GROUP LTD | 5.1% | $23.8m | 2,250,000 | -2% | reduced | |
| 14 | GENCORP INC | 4.9% | $23.3m | 1,750,000 | 12% | added | |
| 15 | PHH CORP | 4.7% | $22.0m | 1,000,000 | 0% | held | |
| 16 | BLYTH INC | 1.8% | $8.7m | 500,000 | 0% | held | |
| 17 | NORDION INC | 1.4% | $6.6m | 1,000,000 | 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.