Kingstown Capital Management 13F holdings, Q3 2019
Holdings as of September 30, 2019 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 15 US equity positions worth $402.1m in its Q3 2019 13F filing. The largest position was FGL HLDGS at 13.9% of the reported book, followed by BABA and AXA EQUITABLE HLDGS 7.25 5/15. Against the Q2 2019 filing, it opened 1 new position, added to 2 and reduced 4 among the top 15 holdings.
What did Kingstown Capital Management own in Q3 2019? Top 15 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2019 |
|---|---|---|---|---|---|---|---|
| 1 | FGL HLDGS | 13.9% | $55.9m | 7,000,000 | 0% | held | |
| 2 | BABA ALIBABA GROUP HLDG LTD | Consumer Cyclical | 12.5% | $50.2m | 300,000 | – | new |
| 3 | AXA EQUITABLE HLDGS 7.25 5/15 | 12.0% | $48.1m | 45,000,000 | 0% | held | |
| 4 | TME TENCENT MUSIC ENTMT GROUP | Communication Services | 11.5% | $46.3m | 3,625,000 | 4% | added |
| 5 | EBAY EBAY INC | Consumer Cyclical | 9.7% | $39.0m | 1,000,000 | -33% | reduced |
| 6 | KKR KKR & CO INC | Financial Services | 8.3% | $33.6m | 1,250,000 | 11% | added |
| 7 | AXA EQUITABLE HLDGS INC | 6.6% | $26.6m | 1,200,000 | -40% | reduced | |
| 8 | ALTABA INC | 4.8% | $19.5m | 1,000,000 | 0% | held | |
| 9 | GM GENERAL MTRS CO | Consumer Cyclical | 4.7% | $18.7m | 500,000 | 0% | held |
| 10 | LIBERTY MEDIA CORP DELAWARE | 4.2% | $16.8m | 400,000 | 0% | held | |
| 11 | LIBERTY MEDIA CORP DELAWARE | 4.1% | $16.6m | 400,000 | 0% | held | |
| 12 | DXC DXC TECHNOLOGY CO | Technology | 3.7% | $14.8m | 500,000 | -43% | reduced |
| 13 | FPH FIVE POINT HOLDINGS LLC | Real Estate | 2.7% | $10.9m | 1,450,000 | 0% | held |
| 14 | RIMINI STR INC DEL | 1.1% | $4.4m | 1,000,000 | -13% | reduced | |
| 15 | MEDLEY MGMT INC | 0.2% | $875.0k | 250,000 | 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.