Kingstown Capital Management 13F holdings, Q4 2016
Holdings as of December 31, 2016 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 20 US equity positions worth $1.0bn in its Q4 2016 13F filing. The largest position was ADNT at 14.4% of the reported book, followed by HPE and CIT GROUP INC. Against the Q3 2016 filing, it opened 4 new positions, added to 5 and reduced 8 among the top 20 holdings.
What did Kingstown Capital Management own in Q4 2016? Top 20 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2016 |
|---|---|---|---|---|---|---|---|
| 1 | ADNT ADIENT PLC | Consumer Cyclical | 14.4% | $146.5m | 2,500,000 | – | new |
| 2 | HPE HEWLETT PACKARD ENTERPRISE C | Technology | 10.2% | $104.1m | 4,500,000 | -5% | reduced |
| 3 | CIT GROUP INC | 7.7% | $79.0m | 1,850,000 | 6% | added | |
| 4 | GM GENERAL MTRS CO | Consumer Cyclical | 7.2% | $73.2m | 2,100,000 | 5% | added |
| 5 | BKD BROOKDALE SR LIVING INC | Healthcare | 6.7% | $68.3m | 5,500,000 | 65% | added |
| 6 | BNY BANK NEW YORK MELLON CORP | Financial Services | 5.8% | $59.2m | 1,250,000 | -17% | reduced |
| 7 | RITM NEW RESIDENTIAL INVT CORP | Real Estate | 5.4% | $55.0m | 3,500,000 | -26% | reduced |
| 8 | COMPUTER SCIENCES CORP | 5.2% | $53.5m | 900,000 | 3% | added | |
| 9 | FOREST CITY RLTY TR INC | 5.1% | $52.1m | 2,500,000 | – | new | |
| 10 | AEROJET ROCKETDYNE HLDGS INC | 4.4% | $44.9m | 2,500,000 | -17% | reduced | |
| 11 | EBAY EBAY INC | Consumer Cyclical | 4.4% | $44.5m | 1,500,000 | 0% | held |
| 12 | PRGO PERRIGO CO PLC | Healthcare | 4.1% | $41.6m | 500,000 | – | new |
| 13 | CFG CITIZENS FINL GROUP INC | Financial Services | 3.5% | $35.6m | 1,000,000 | -67% | reduced |
| 14 | OCWEN FINL CORP | 3.2% | $32.3m | 6,000,000 | -29% | reduced | |
| 15 | PJT PJT PARTNERS INC | Financial Services | 3.0% | $30.9m | 1,000,000 | 0% | held |
| 16 | MCDERMOTT INTL CVT PREF | 2.6% | $26.5m | 1,100,000 | -27% | reduced | |
| 17 | LIBERTY MEDIA CORP DELAWARE | 2.5% | $25.4m | 750,000 | -17% | reduced | |
| 18 | SEARS HLDGS CORP | 2.4% | $24.6m | 2,650,000 | 2% | added | |
| 19 | LIBERTY MEDIA CORP DELAWARE | 1.7% | $17.3m | 500,000 | 0% | held | |
| 20 | NOVELION THERAPEUTICS INC | 0.5% | $5.1m | 599,998 | – | 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.