Kingstown Capital Management 13F holdings, Q1 2019
Holdings as of March 31, 2019 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 15 US equity positions worth $487.3m in its Q1 2019 13F filing. The largest position was ALTABA INC at 15.2% of the reported book, followed by EBAY and FGL HLDGS. Against the Q4 2018 filing, it opened 2 new positions, added to 5 and reduced 4 among the top 15 holdings.
What did Kingstown Capital Management own in Q1 2019? Top 15 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2018 |
|---|---|---|---|---|---|---|---|
| 1 | ALTABA INC | 15.2% | $74.1m | 1,000,000 | 0% | held | |
| 2 | EBAY EBAY INC | Consumer Cyclical | 11.4% | $55.7m | 1,500,000 | -14% | reduced |
| 3 | FGL HLDGS | 11.3% | $55.1m | 7,000,000 | 5% | added | |
| 4 | DXC DXC TECHNOLOGY CO | Technology | 10.6% | $51.4m | 800,000 | 14% | added |
| 5 | AXA EQUITABLE HLDGS | 9.3% | $45.2m | 45,000,000 | 0% | held | |
| 6 | MCDERMOTT INTL INC | 9.2% | $44.6m | 6,000,000 | 14% | added | |
| 7 | TME TENCENT MUSIC ENTMT GROUP | Communication Services | 8.8% | $43.0m | 2,375,000 | 36% | added |
| 8 | AXA EQUITABLE HLDGS INC | 8.3% | $40.3m | 2,000,000 | 13% | added | |
| 9 | GM GENERAL MTRS CO | Consumer Cyclical | 3.8% | $18.6m | 500,000 | -60% | reduced |
| 10 | LIBERTY MEDIA CORP DELAWARE | 3.1% | $15.3m | 400,000 | -20% | reduced | |
| 11 | LIBERTY MEDIA CORP DELAWARE | 3.1% | $15.3m | 400,000 | -20% | reduced | |
| 12 | KKR KKR & CO INC | Financial Services | 2.4% | $11.7m | 500,000 | – | new |
| 13 | FPH FIVE POINT HOLDINGS LLC | Real Estate | 2.1% | $10.5m | 1,450,000 | 0% | held |
| 14 | RIMINI STR INC DEL | 1.2% | $5.6m | 1,125,000 | 0% | held | |
| 15 | MEDLEY MGMT INC | 0.2% | $858.0k | 250,000 | – | 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.