Kingstown Capital Management 13F holdings, Q1 2015
Holdings as of March 31, 2015 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 16 US equity positions worth $768.5m in its Q1 2015 13F filing. The largest position was OCWEN FINL CORP at 12.9% of the reported book, followed by NWSA and GENCORP INC. Against the Q4 2014 filing, it opened 2 new positions, added to 2 and reduced 4 among the top 16 holdings.
What did Kingstown Capital Management own in Q1 2015? Top 16 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2014 |
|---|---|---|---|---|---|---|---|
| 1 | OCWEN FINL CORP | 12.9% | $99.0m | 12,000,000 | – | new | |
| 2 | NWSA NEWS CORP NEW | Communication Services | 10.4% | $80.0m | 5,000,000 | 0% | held |
| 3 | GENCORP INC | 9.7% | $74.2m | 3,200,000 | -15% | reduced | |
| 4 | TRCO TRIBUNE MEDIA CO | 7.9% | $60.8m | 1,000,000 | 18% | added | |
| 5 | HOME LN SERVICING SOLUTIONS | 7.7% | $59.5m | 3,600,000 | – | new | |
| 6 | MCDERMOTT INTERNATIONAL CVT PREF | 7.7% | $59.4m | 4,000,000 | 0% | held | |
| 7 | GM GENERAL MTRS CO | Consumer Cyclical | 7.3% | $56.2m | 1,500,000 | -14% | reduced |
| 8 | NATIONAL GEN HLDGS CORP | 6.7% | $51.4m | 2,750,000 | -15% | reduced | |
| 9 | NAVI NAVIENT CORP | Financial Services | 6.0% | $45.7m | 2,250,000 | 0% | held |
| 10 | AMERICAN RLTY CAP PPTYS INC | 5.1% | $39.4m | 4,000,000 | 0% | held | |
| 11 | SXC SUNCOKE ENERGY INC | Basic Materials | 4.6% | $35.1m | 2,350,000 | 4% | added |
| 12 | BABCOCK & WILCOX CO NEW | 4.0% | $30.5m | 950,000 | -24% | reduced | |
| 13 | LIBERTY MEDIA CORP DELAWARE | 3.5% | $26.7m | 700,000 | 0% | held | |
| 14 | CFG CITIZENS FINL GROUP INC | Financial Services | 3.1% | $24.1m | 1,000,000 | 0% | held |
| 15 | LIBERTY MEDIA CORP DELAWARE | 1.8% | $13.5m | 350,000 | 0% | held | |
| 16 | QLT INC | 1.7% | $12.7m | 3,250,000 | 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.