Kingstown Capital Management 13F holdings, Q1 2017
Holdings as of March 31, 2017 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 19 US equity positions worth $963.5m in its Q1 2017 13F filing. The largest position was ADNT at 18.9% of the reported book, followed by HPE and CIT GROUP INC. Against the Q4 2016 filing, it opened 0 new positions, added to 1 and reduced 9 among the top 19 holdings.
What did Kingstown Capital Management own in Q1 2017? Top 19 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2016 |
|---|---|---|---|---|---|---|---|
| 1 | ADNT ADIENT PLC | Consumer Cyclical | 18.9% | $181.7m | 2,500,000 | 0% | held |
| 2 | HPE HEWLETT PACKARD ENTERPRISE C | Technology | 9.8% | $94.8m | 4,000,000 | -11% | reduced |
| 3 | CIT GROUP INC | 7.8% | $75.1m | 1,750,000 | -5% | reduced | |
| 4 | GM GENERAL MTRS CO | Consumer Cyclical | 7.7% | $74.3m | 2,100,000 | 0% | held |
| 5 | FOREST CITY RLTY TR INC | 6.8% | $65.3m | 3,000,000 | 20% | added | |
| 6 | BNY BANK NEW YORK MELLON CORP | Financial Services | 6.1% | $59.0m | 1,250,000 | 0% | held |
| 7 | RITM NEW RESIDENTIAL INVT CORP | Real Estate | 5.3% | $50.9m | 3,000,000 | -14% | reduced |
| 8 | EBAY EBAY INC | Consumer Cyclical | 5.2% | $50.4m | 1,500,000 | 0% | held |
| 9 | AEROJET ROCKETDYNE HLDGS INC | 4.5% | $43.4m | 2,000,000 | -20% | reduced | |
| 10 | COMPUTER SCIENCES CORP | 4.3% | $41.4m | 600,000 | -33% | reduced | |
| 11 | BKD BROOKDALE SR LIVING INC | Healthcare | 4.2% | $40.3m | 3,000,000 | -45% | reduced |
| 12 | CFG CITIZENS FINL GROUP INC | Financial Services | 3.6% | $34.5m | 1,000,000 | 0% | held |
| 13 | PJT PJT PARTNERS INC | Financial Services | 3.4% | $32.5m | 925,000 | -7% | reduced |
| 14 | LIBERTY MEDIA CORP DELAWARE | 3.0% | $29.1m | 750,000 | 0% | held | |
| 15 | MCDERMOTT INTL CVT PREF | 2.7% | $25.8m | 1,100,000 | 0% | held | |
| 16 | OCWEN FINL CORP | 2.3% | $21.9m | 4,000,000 | -33% | reduced | |
| 17 | LIBERTY MEDIA CORP DELAWARE | 2.0% | $19.5m | 500,000 | 0% | held | |
| 18 | SEARS HLDGS CORP | 1.8% | $17.2m | 1,500,000 | -43% | reduced | |
| 19 | NOVELION THERAPEUTICS INC | 0.7% | $6.4m | 599,998 | 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.