Kingstown Capital Management 13F holdings, Q3 2015
Holdings as of September 30, 2015 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 22 US equity positions worth $889.6m in its Q3 2015 13F filing. The largest position was OCWEN FINL CORP at 9.4% of the reported book, followed by MCDERMOTT INTL CVT PREF and NATIONAL GEN HLDGS CORP. Against the Q2 2015 filing, it opened 7 new positions, added to 10 and reduced 3 among the top 22 holdings.
What did Kingstown Capital Management own in Q3 2015? Top 22 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2015 |
|---|---|---|---|---|---|---|---|
| 1 | OCWEN FINL CORP | 9.4% | $83.9m | 12,500,000 | 0% | held | |
| 2 | MCDERMOTT INTL CVT PREF | 7.3% | $65.3m | 4,000,000 | 0% | held | |
| 3 | NATIONAL GEN HLDGS CORP | 7.0% | $62.7m | 3,250,000 | 18% | added | |
| 4 | AEROJET ROCKETDYNE HLDGS INC | 6.4% | $56.6m | 3,500,000 | 3% | added | |
| 5 | NWSA NEWS CORP NEW | Communication Services | 6.0% | $53.6m | 4,250,000 | -15% | reduced |
| 6 | GM GENERAL MTRS CO | Consumer Cyclical | 5.9% | $52.5m | 1,750,000 | 17% | added |
| 7 | RITM NEW RESIDENTIAL INVT CORP | Real Estate | 5.5% | $49.1m | 3,750,000 | – | new |
| 8 | BNY BANK NEW YORK MELLON CORP | Financial Services | 5.5% | $48.9m | 1,250,000 | – | new |
| 9 | CFG CITIZENS FINL GROUP INC | Financial Services | 5.4% | $47.7m | 2,000,000 | 100% | added |
| 10 | BABCOCK & WILCOX ENTERPRIS I | 4.9% | $43.7m | 2,600,000 | – | new | |
| 11 | VEREIT INC | 4.3% | $38.6m | 5,000,000 | – | new | |
| 12 | EBAY EBAY INC | Consumer Cyclical | 4.1% | $36.7m | 1,500,000 | – | new |
| 13 | BKD BROOKDALE SR LIVING INC | Healthcare | 3.9% | $34.4m | 1,500,000 | – | new |
| 14 | SXC SUNCOKE ENERGY INC | Basic Materials | 3.7% | $33.1m | 4,250,000 | 70% | added |
| 15 | NATIONSTAR MTG HLDGS INC | 3.5% | $31.2m | 2,250,000 | 20% | added | |
| 16 | NAVI NAVIENT CORP | Financial Services | 3.2% | $28.1m | 2,500,000 | 11% | added |
| 17 | LIBERTY MEDIA CORP DELAWARE | 3.1% | $27.6m | 800,000 | 14% | added | |
| 18 | DNOW NOW INC | Industrials | 2.8% | $25.2m | 1,700,000 | – | new |
| 19 | SEARS HLDGS CORP | 2.5% | $22.6m | 1,000,000 | 100% | added | |
| 20 | TRCO TRIBUNE MEDIA CO | 2.5% | $22.2m | 625,000 | -38% | reduced | |
| 21 | LIBERTY MEDIA CORP DELAWARE | 2.0% | $17.9m | 500,000 | 43% | added | |
| 22 | QLT INC | 0.9% | $8.0m | 3,000,000 | -8% | 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.