Kingstown Capital Management 13F holdings, Q2 2015
Holdings as of June 30, 2015 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 17 US equity positions worth $777.5m in its Q2 2015 13F filing. The largest position was OCWEN FINL CORP at 16.4% of the reported book, followed by MCDERMOTT INT CVT PREF and NWSA. Against the Q1 2015 filing, it opened 3 new positions, added to 3 and reduced 0 among the top 17 holdings.
What did Kingstown Capital Management own in Q2 2015? Top 17 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2015 |
|---|---|---|---|---|---|---|---|
| 1 | OCWEN FINL CORP | 16.4% | $127.5m | 12,500,000 | 4% | added | |
| 2 | MCDERMOTT INT CVT PREF | 10.0% | $77.7m | 4,000,000 | 0% | held | |
| 3 | NWSA NEWS CORP NEW | Communication Services | 9.4% | $73.0m | 5,000,000 | 0% | held |
| 4 | AEROJET ROCKETDYNE HLDGS INC | 9.0% | $70.1m | 3,400,000 | – | new | |
| 5 | NATIONAL GEN HLDGS CORP | 7.4% | $57.3m | 2,750,000 | 0% | held | |
| 6 | TRCO TRIBUNE MEDIA CO | 6.9% | $53.4m | 1,000,000 | 0% | held | |
| 7 | GM GENERAL MTRS CO | Consumer Cyclical | 6.4% | $50.0m | 1,500,000 | 0% | held |
| 8 | NAVI NAVIENT CORP | Financial Services | 5.3% | $41.0m | 2,250,000 | 0% | held |
| 9 | AMERICAN RLTY CAP PPTYS INC | 5.2% | $40.6m | 5,000,000 | 25% | added | |
| 10 | SXC SUNCOKE ENERGY INC | Basic Materials | 4.2% | $32.5m | 2,500,000 | 6% | added |
| 11 | NATIONSTAR MTG HLDGS INC | 4.1% | $31.5m | 1,875,000 | – | new | |
| 12 | BABCOCK & WILCOX CO NEW | 4.0% | $31.2m | 950,000 | 0% | held | |
| 13 | CFG CITIZENS FINL GROUP INC | Financial Services | 3.5% | $27.3m | 1,000,000 | 0% | held |
| 14 | LIBERTY MEDIA CORP DELAWARE | 3.2% | $25.1m | 700,000 | 0% | held | |
| 15 | QLT INC | 1.7% | $13.4m | 3,250,000 | 0% | held | |
| 16 | SEARS HLDGS CORP | 1.7% | $13.3m | 500,000 | – | new | |
| 17 | LIBERTY MEDIA CORP DELAWARE | 1.6% | $12.6m | 350,000 | 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.