Kingstown Capital Management 13F holdings, Q4 2015
Holdings as of December 31, 2015 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 22 US equity positions worth $928.2m in its Q4 2015 13F filing. The largest position was OCWEN FINL CORP at 9.4% of the reported book, followed by NATIONAL GEN HLDGS CORP and HPE. Against the Q3 2015 filing, it opened 2 new positions, added to 7 and reduced 5 among the top 22 holdings.
What did Kingstown Capital Management own in Q4 2015? Top 22 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2015 |
|---|---|---|---|---|---|---|---|
| 1 | OCWEN FINL CORP | 9.4% | $87.1m | 12,500,000 | 0% | held | |
| 2 | NATIONAL GEN HLDGS CORP | 7.7% | $71.0m | 3,250,000 | 0% | held | |
| 3 | HPE HEWLETT PACKARD ENTERPRISE C | Technology | 7.0% | $64.6m | 4,250,000 | – | new |
| 4 | CFG CITIZENS FINL GROUP INC | Financial Services | 6.3% | $58.9m | 2,250,000 | 12% | added |
| 5 | EBAY EBAY INC | Consumer Cyclical | 5.9% | $55.0m | 2,000,000 | 33% | added |
| 6 | AEROJET ROCKETDYNE HLDGS INC | 5.9% | $54.8m | 3,500,000 | 0% | held | |
| 7 | RITM NEW RESIDENTIAL INVT CORP | Real Estate | 5.9% | $54.7m | 4,500,000 | 20% | added |
| 8 | BNY BANK NEW YORK MELLON CORP | Financial Services | 5.8% | $53.6m | 1,300,000 | 4% | added |
| 9 | MCDERMOTT INTER CVT PREF | 5.5% | $51.2m | 4,000,000 | 0% | held | |
| 10 | GM GENERAL MTRS CO | Consumer Cyclical | 5.5% | $51.0m | 1,500,000 | -14% | reduced |
| 11 | BKD BROOKDALE SR LIVING INC | Healthcare | 5.0% | $46.1m | 2,500,000 | 67% | added |
| 12 | BABCOCK & WILCOX ENTERPRIS I | 4.5% | $41.7m | 2,000,000 | -23% | reduced | |
| 13 | KLX INC | 4.5% | $41.6m | 1,350,000 | – | new | |
| 14 | NAVI NAVIENT CORP | Financial Services | 4.3% | $40.1m | 3,500,000 | 40% | added |
| 15 | LIBERTY MEDIA CORP DELAWARE | 3.3% | $30.5m | 800,000 | 0% | held | |
| 16 | NATIONSTAR MTG HLDGS INC | 2.9% | $26.7m | 2,000,000 | -11% | reduced | |
| 17 | NWSA NEWS CORP NEW | Communication Services | 2.9% | $26.7m | 2,000,000 | -53% | reduced |
| 18 | SEARS HLDGS CORP | 2.2% | $20.6m | 1,000,000 | 0% | held | |
| 19 | SXC SUNCOKE ENERGY INC | Basic Materials | 2.1% | $20.0m | 5,750,000 | 35% | added |
| 20 | LIBERTY MEDIA CORP DELAWARE | 2.1% | $19.6m | 500,000 | 0% | held | |
| 21 | QLT INC | 0.9% | $8.0m | 3,000,000 | 0% | held | |
| 22 | TRCO TRIBUNE MEDIA CO | 0.5% | $4.6m | 135,753 | -78% | 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.