Kingstown Capital Management 13F holdings, Q1 2020
Holdings as of March 31, 2020 · filings on SEC EDGAR · latest filing →
Kingstown Capital Management disclosed 21 US equity positions worth $650.9m in its Q1 2020 13F filing. The largest position was FGL HLDGS at 16.6% of the reported book, followed by IBKR and CERNER CORP. Against the Q4 2019 filing, it opened 15 new positions, added to 4 and reduced 0 among the top 21 holdings.
What did Kingstown Capital Management own in Q1 2020? Top 21 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2019 |
|---|---|---|---|---|---|---|---|
| 1 | FGL HLDGS | 16.6% | $107.8m | 11,000,000 | 100% | added | |
| 2 | IBKR INTERACTIVE BROKERS GROUP IN | Financial Services | 6.6% | $43.2m | 1,000,000 | – | new |
| 3 | CERNER CORP | 6.3% | $40.9m | 650,000 | – | new | |
| 4 | TME TENCENT MUSIC ENTMT GROUP | Communication Services | 6.2% | $40.2m | 4,000,000 | 10% | added |
| 5 | FE FIRSTENERGY CORP | Utilities | 6.2% | $40.1m | 1,000,000 | – | new |
| 6 | GS GOLDMAN SACHS GROUP INC | Financial Services | 5.9% | $38.6m | 250,000 | – | new |
| 7 | NTRS NORTHERN TR CORP | Financial Services | 5.8% | $37.7m | 500,000 | – | new |
| 8 | TWITTER INC | 5.7% | $36.8m | 1,500,000 | – | new | |
| 9 | MSFT MICROSOFT CORP | Technology | 5.5% | $35.5m | 225,000 | – | new |
| 10 | UTXZ UNITED TECHNOLOGIES CORP | 5.1% | $33.0m | 350,000 | – | new | |
| 11 | SBUX STARBUCKS CORP | Consumer Cyclical | 5.0% | $32.9m | 500,000 | – | new |
| 12 | EQUITABLE HLDGS INC 7.25 5/15 | 5.0% | $32.8m | 45,000,000 | 0% | held | |
| 13 | LKNCY LUCKIN COFFEE INC | Consumer Cyclical | 4.2% | $27.2m | 1,000,000 | – | new |
| 14 | S9Q SPIRIT AEROSYSTEMS HLDGS INC | 4.0% | $26.3m | 1,100,000 | – | new | |
| 15 | MSGS MADISON SQUARE GARDEN CO NEW | Communication Services | 3.2% | $21.1m | 100,000 | – | new |
| 16 | LIBERTY MEDIA CORP DEL | 2.9% | $19.0m | 600,000 | 50% | added | |
| 17 | LIBERTY MEDIA CORP DEL | 2.9% | $19.0m | 600,000 | 50% | added | |
| 18 | EQH EQUITABLE HLDGS INC | Financial Services | 1.1% | $7.2m | 500,000 | – | new |
| 19 | GTX GARRETT MOTION INC | Consumer Cyclical | 0.9% | $5.7m | 2,000,000 | – | new |
| 20 | SPT SPROUT SOCIAL INC | Technology | 0.9% | $5.6m | 350,000 | – | new |
| 21 | MEDLEY MGMT INC | 0.0% | $170.0k | 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.