Kingstown Capital Management 13F holdings, Q1 2014
Holdings as of March 31, 2014 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 21 US equity positions worth $799.5m in its Q1 2014 13F filing. The largest position was NWSA at 10.2% of the reported book, followed by BABCOCK & WILCOX CO NEW and S9Q. Against the Q4 2013 filing, it opened 7 new positions, added to 6 and reduced 5 among the top 21 holdings.
What did Kingstown Capital Management own in Q1 2014? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2013 |
|---|---|---|---|---|---|---|---|
| 1 | NWSA NEWS CORP NEW | Communication Services | 10.2% | $81.8m | 4,750,000 | 6% | added |
| 2 | BABCOCK & WILCOX CO NEW | 7.3% | $58.1m | 1,750,000 | -3% | reduced | |
| 3 | S9Q SPIRIT AEROSYSTEMS HLDGS INC | 7.1% | $56.4m | 2,000,000 | 14% | added | |
| 4 | GM GENERAL MTRS CO | Consumer Cyclical | 6.9% | $55.1m | 1,600,000 | 6% | added |
| 5 | FOREST CITY ENTERPRISES INC | 5.9% | $46.8m | 2,450,000 | 1300% | added | |
| 6 | AMH AMERICAN HOMES 4 RENT | Real Estate | 5.9% | $46.8m | 2,800,000 | 70% | added |
| 7 | VOD VODAFONE GROUP PLC NEW | Communication Services | 5.8% | $46.0m | 1,250,000 | – | new |
| 8 | GENCORP INC | 5.7% | $45.7m | 2,500,000 | 0% | held | |
| 9 | AMERICAN RLTY CAP PPTYS INC | 5.7% | $45.6m | 3,250,000 | -7% | reduced | |
| 10 | NATIONAL GEN HLDGS CORP | 5.3% | $42.0m | 3,000,000 | – | new | |
| 11 | LIBERTY MEDIA CORP DELAWARE | 4.9% | $39.2m | 300,000 | 20% | added | |
| 12 | OCWEN FINL CORP | 4.9% | $39.2m | 1,000,000 | – | new | |
| 13 | NATIONAL OILWELL VARCO INC | 4.9% | $38.9m | 500,000 | – | new | |
| 14 | SXC SUNCOKE ENERGY INC | Basic Materials | 4.0% | $32.0m | 1,400,000 | -30% | reduced |
| 15 | VZ VERIZON COMMUNICATIONS INC | Communication Services | 3.6% | $28.5m | 600,000 | – | new |
| 16 | RHP RYMAN HOSPITALITY PPTYS INC | Real Estate | 3.2% | $25.5m | 600,000 | -29% | reduced |
| 17 | BARNES & NOBLE INC | 2.4% | $18.8m | 900,000 | 0% | held | |
| 18 | QLT INC | 2.3% | $18.1m | 3,250,000 | 0% | held | |
| 19 | TOWER GROUP INTL LTD | 1.7% | $13.4m | 4,950,000 | – | new | |
| 20 | SEARS HLDGS CORP | 1.5% | $11.9m | 250,000 | – | new | |
| 21 | MCDERMOTT INTL INC | 1.2% | $9.8m | 1,250,000 | -74% | reduced |
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.