Kingstown Capital Management 13F holdings, Q1 2018
Holdings as of March 31, 2018 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 14 US equity positions worth $673.5m in its Q1 2018 13F filing. The largest position was ALTABA INC at 16.5% of the reported book, followed by ADNT and PCG. Against the Q4 2017 filing, it opened 1 new position, added to 4 and reduced 4 among the top 14 holdings.
What did Kingstown Capital Management own in Q1 2018? Top 14 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2017 |
|---|---|---|---|---|---|---|---|
| 1 | ALTABA INC | 16.5% | $111.1m | 1,500,000 | 20% | added | |
| 2 | ADNT ADIENT PLC | Consumer Cyclical | 14.9% | $100.1m | 1,675,000 | -16% | reduced |
| 3 | PCG PG&E CORP | Utilities | 9.8% | $65.9m | 1,500,000 | 50% | added |
| 4 | DXC DXC TECHNOLOGY CO | Technology | 9.0% | $60.3m | 600,000 | -8% | reduced |
| 5 | GM GENERAL MTRS CO | Consumer Cyclical | 8.1% | $54.5m | 1,500,000 | 0% | held |
| 6 | BNY BANK NEW YORK MELLON CORP | Financial Services | 7.7% | $51.5m | 1,000,000 | -33% | reduced |
| 7 | RITM NEW RESIDENTIAL INVT CORP | Real Estate | 7.3% | $49.4m | 3,000,000 | 33% | added |
| 8 | FGL HLDGS | 7.3% | $49.2m | 4,850,000 | 76% | added | |
| 9 | EBAY EBAY INC | Consumer Cyclical | 6.0% | $40.2m | 1,000,000 | -20% | reduced |
| 10 | LIBERTY MEDIA CORP DELAWARE | 4.5% | $30.6m | 750,000 | 0% | held | |
| 11 | FPH FIVE POINT HOLDINGS LLC | Real Estate | 3.1% | $20.7m | 1,450,000 | 0% | held |
| 12 | LIBERTY MEDIA CORP DELAWARE | 3.1% | $20.6m | 500,000 | 0% | held | |
| 13 | GE GENERAL ELECTRIC CO | Industrials | 2.5% | $16.9m | 1,250,000 | – | new |
| 14 | RIMINI STR INC DEL | 0.4% | $2.6m | 300,000 | 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.