Kingstown Capital Management 13F holdings, Q4 2018
Holdings as of December 31, 2018 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 15 US equity positions worth $460.6m in its Q4 2018 13F filing. The largest position was ALTABA INC at 12.6% of the reported book, followed by EBAY and FGL HLDGS. Against the Q3 2018 filing, it opened 1 new position, added to 5 and reduced 6 among the top 15 holdings.
What did Kingstown Capital Management own in Q4 2018? Top 15 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q3 2018 |
|---|---|---|---|---|---|---|---|
| 1 | ALTABA INC | 12.6% | $57.9m | 1,000,000 | -20% | reduced | |
| 2 | EBAY EBAY INC | Consumer Cyclical | 10.7% | $49.1m | 1,750,000 | 17% | added |
| 3 | FGL HLDGS | 9.7% | $44.5m | 6,675,000 | 11% | added | |
| 4 | GM GENERAL MTRS CO | Consumer Cyclical | 9.1% | $41.8m | 1,250,000 | -22% | reduced |
| 5 | AXA EQUITABLE HLDGS 7.25 5/15 | 8.5% | $39.3m | 45,000,000 | -10% | reduced | |
| 6 | DXC DXC TECHNOLOGY CO | Technology | 8.1% | $37.2m | 700,000 | 17% | added |
| 7 | MCDERMOTT INTL INC | 7.5% | $34.3m | 5,250,000 | 50% | added | |
| 8 | PCG PG&E CORP | Utilities | 6.4% | $29.7m | 1,250,000 | -17% | reduced |
| 9 | AXA EQUITABLE HLDGS INC | 6.4% | $29.5m | 1,775,000 | 42% | added | |
| 10 | TME TENCENT MUSIC ENTMT GROUP | Communication Services | 5.0% | $23.1m | 1,750,000 | – | new |
| 11 | RITM NEW RESIDENTIAL INVT CORP | Real Estate | 4.6% | $21.3m | 1,500,000 | -50% | reduced |
| 12 | LIBERTY MEDIA CORP DELAWARE | 4.0% | $18.5m | 500,000 | -33% | reduced | |
| 13 | LIBERTY MEDIA CORP DELAWARE | 4.0% | $18.4m | 500,000 | 0% | held | |
| 14 | FPH FIVE POINT HOLDINGS LLC | Real Estate | 2.2% | $10.1m | 1,450,000 | 0% | held |
| 15 | RIMINI STR INC DEL | 1.3% | $5.8m | 1,125,000 | 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.