Kingstown Capital Management 13F holdings, Q1 2016
Holdings as of March 31, 2016 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 21 US equity positions worth $926.7m in its Q1 2016 13F filing. The largest position was HPE at 9.6% of the reported book, followed by BNY and CFG. Against the Q4 2015 filing, it opened 1 new position, added to 10 and reduced 4 among the top 21 holdings.
What did Kingstown Capital Management own in Q1 2016? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2015 |
|---|---|---|---|---|---|---|---|
| 1 | HPE HEWLETT PACKARD ENTERPRISE C | Technology | 9.6% | $88.7m | 5,000,000 | 18% | added |
| 2 | BNY BANK NEW YORK MELLON CORP | Financial Services | 7.4% | $68.1m | 1,850,000 | 42% | added |
| 3 | CFG CITIZENS FINL GROUP INC | Financial Services | 6.8% | $62.9m | 3,000,000 | 33% | added |
| 4 | CIT GROUP INC | 6.7% | $62.1m | 2,000,000 | – | new | |
| 5 | GM GENERAL MTRS CO | Consumer Cyclical | 6.4% | $58.9m | 1,875,000 | 25% | added |
| 6 | RITM NEW RESIDENTIAL INVT CORP | Real Estate | 6.3% | $58.1m | 5,000,000 | 11% | added |
| 7 | AEROJET ROCKETDYNE HLDGS INC | 6.2% | $57.3m | 3,500,000 | 0% | held | |
| 8 | KLX INC | 6.1% | $56.2m | 1,750,000 | 30% | added | |
| 9 | BKD BROOKDALE SR LIVING INC | Healthcare | 6.0% | $55.6m | 3,500,000 | 40% | added |
| 10 | NATIONAL GEN HLDGS CORP | 5.8% | $54.0m | 2,500,000 | -23% | reduced | |
| 11 | NAVI NAVIENT CORP | Financial Services | 5.2% | $47.9m | 4,000,000 | 14% | added |
| 12 | EBAY EBAY INC | Consumer Cyclical | 5.1% | $47.7m | 2,000,000 | 0% | held |
| 13 | SXC SUNCOKE ENERGY INC | Basic Materials | 4.0% | $37.4m | 5,750,000 | 0% | held |
| 14 | LIBERTY MEDIA CORP DELAWARE | 3.7% | $34.3m | 900,000 | 12% | added | |
| 15 | OCWEN FINL CORP | 3.3% | $30.9m | 12,500,000 | 0% | held | |
| 16 | SEARS HLDGS CORP | 3.0% | $27.9m | 1,825,000 | 82% | added | |
| 17 | MCDERMOTT INTL CVT PREF | 2.5% | $22.9m | 1,500,000 | -62% | reduced | |
| 18 | LIBERTY MEDIA CORP DELAWARE | 2.1% | $19.3m | 500,000 | 0% | held | |
| 19 | BABCOCK & WILCOX ENTERPRIS I | 1.8% | $16.6m | 775,000 | -61% | reduced | |
| 20 | NATIONSTAR MTG HLDGS INC | 1.5% | $13.9m | 1,400,000 | -30% | reduced | |
| 21 | QLT INC | 0.6% | $6.0m | 3,000,000 | 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.