Kingstown Capital Management 13F holdings, Q2 2016
Holdings as of June 30, 2016 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 23 US equity positions worth $881.8m in its Q2 2016 13F filing. The largest position was HPE at 10.4% of the reported book, followed by BNY and RITM. Against the Q1 2016 filing, it opened 5 new positions, added to 5 and reduced 6 among the top 23 holdings.
What did Kingstown Capital Management own in Q2 2016? Top 23 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2016 |
|---|---|---|---|---|---|---|---|
| 1 | HPE HEWLETT PACKARD ENTERPRISE C | Technology | 10.4% | $91.3m | 5,000,000 | 0% | held |
| 2 | BNY BANK NEW YORK MELLON CORP | Financial Services | 8.2% | $71.9m | 1,850,000 | 0% | held |
| 3 | RITM NEW RESIDENTIAL INVT CORP | Real Estate | 7.8% | $69.2m | 5,000,000 | 0% | held |
| 4 | CIT GROUP INC | 7.8% | $68.6m | 2,150,000 | 7% | added | |
| 5 | CFG CITIZENS FINL GROUP INC | Financial Services | 7.4% | $64.9m | 3,250,000 | 8% | added |
| 6 | AEROJET ROCKETDYNE HLDGS INC | 7.3% | $64.0m | 3,500,000 | 0% | held | |
| 7 | EBAY EBAY INC | Consumer Cyclical | 6.6% | $58.5m | 2,500,000 | 25% | added |
| 8 | GM GENERAL MTRS CO | Consumer Cyclical | 6.4% | $56.6m | 2,000,000 | 7% | added |
| 9 | BKD BROOKDALE SR LIVING INC | Healthcare | 6.1% | $54.0m | 3,500,000 | 0% | held |
| 10 | KLX INC | 4.4% | $38.8m | 1,250,000 | -29% | reduced | |
| 11 | NAVI NAVIENT CORP | Financial Services | 4.1% | $35.9m | 3,000,000 | -25% | reduced |
| 12 | SEARS HLDGS CORP | 3.9% | $34.0m | 2,500,000 | 37% | added | |
| 13 | LIBERTY MEDIA CORP DELAWARE | 3.2% | $27.8m | 900,000 | – | new | |
| 14 | MCDERMOTT INTL CVT PREF | 2.9% | $25.8m | 1,500,000 | 0% | held | |
| 15 | PJT PJT PARTNERS INC | Financial Services | 2.3% | $20.7m | 900,000 | – | new |
| 16 | SXC SUNCOKE ENERGY INC | Basic Materials | 2.3% | $20.4m | 3,500,000 | -39% | reduced |
| 17 | OCWEN FINL CORP | 2.2% | $19.4m | 11,350,000 | -9% | reduced | |
| 18 | COMPUTER SCIENCES CORP | 2.1% | $18.7m | 375,747 | – | new | |
| 19 | LIBERTY MEDIA CORP DELAWARE | 1.8% | $15.7m | 500,000 | – | new | |
| 20 | NATIONSTAR MTG HLDGS INC | 1.7% | $15.2m | 1,350,000 | -4% | reduced | |
| 21 | NATIONAL GEN HLDGS CORP | 0.5% | $4.8m | 225,000 | -91% | reduced | |
| 22 | QLT INC | 0.5% | $4.3m | 3,000,000 | 0% | held | |
| 23 | ARALEZ PHARMACEUTICALS INC | 0.2% | $1.3m | 408,869 | – | new |
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.