Funds › Kingstown Capital Management L.P. › Q4 2020Kingstown Capital Management L.P. 13F holdings, Q4 2020 Kingstown Capital Management L.P. disclosed 33 US equity positions worth $184.4m in its Q4 2020 13F filing. Its largest position is SINA CORP at 8.6% of the reported book, followed by GS and MSFT. Versus Q3 2020 it opened 22 new positions, added to 1, reduced 9 and exited 4.
$184m Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
33 Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
8.6% Largest position The largest single position as a share of the reported equity book.
50.7% Top 10 weight The ten largest positions together, as a share of the reported equity book.
25 Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
48 Quarters on file since Q4 2010 Quarters for which this manager's 13F holdings are on record. Holdings Against Q3 2020: 22 new , 1 added , 9 reduced , 4 exited
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Stock Sector Weight Value Shares Δ shares Action SINA CORP no ticker – 8.6% $15.9m 375,000 +25% added GS GOLDMAN SACHS GROUP INC Financial Services 5.7% $10.5m 40,000 – new MSFT MICROSOFT CORP Technology 5.4% $10.0m 45,000 −40% reduced GDX VANECK ETF TRUST – 5.4% $9.9m 275,000 – new TME TENCENT MUSIC ENTMT GROUP Communication Services 5.2% $9.6m 500,000 −50% reduced BABA ALIBABA GROUP HLDG LTD Consumer Cyclical 4.7% $8.7m 37,500 −17% reduced STAYUSD EXTENDED STAY AMER INC – 4.0% $7.4m 500,000 0.0% held NORTHERN STAR ACQUISITION CO no ticker – 3.9% $7.3m 499,995 – new T AT&T INC Communication Services 3.9% $7.2m 250,000 – new PSA PUBLIC STORAGE Real Estate 3.8% $6.9m 30,000 – new META META PLATFORMS INC Communication Services 3.7% $6.8m 25,000 – new FCN FTI CONSULTING INC Industrials 3.6% $6.7m 60,000 −40% reduced PINS PINTEREST INC Communication Services 3.6% $6.6m 100,000 −50% reduced BX BLACKSTONE INC Financial Services 3.5% $6.5m 100,000 −75% reduced LIBERTY MEDIA CORP DEL no ticker – 3.0% $5.4m 125,000 −38% reduced LIBERTY MEDIA CORP DEL no ticker – 2.9% $5.4m 125,000 −38% reduced WIX WIX COM LTD Technology 2.7% $5.0m 20,000 −38% reduced MOTIVE CAPITAL CORP no ticker – 2.3% $4.2m 400,000 – new CORNER GROWTH ACQUISITION CO no ticker – 2.3% $4.2m 400,000 – new COHN ROBBINS HOLDINGS CORP no ticker – 2.3% $4.2m 400,000 – new CONX CORP no ticker – 2.2% $4.1m 400,000 – new NEW PROVIDENCE ACQUISITION no ticker – 2.2% $4.1m 300,000 – new BRIDGETOWN HOLDINGS LTD no ticker – 2.1% $3.9m 250,000 – new FAR PEAK ACQUISITION CORP no ticker – 2.0% $3.6m 350,000 – new ATLAS CREST INVT CORP no ticker – 1.9% $3.5m 350,000 – new GOLDEN FALCON ACQUISITION CO no ticker – 1.8% $3.4m 325,000 – new MUDRICK CAPITAL ACQU CORP II no ticker – 1.4% $2.6m 250,000 – new DPCM CAP INC no ticker – 1.3% $2.3m 225,000 – new SEVEN OAKS ACQUISITION CORP no ticker – 1.3% $2.3m 225,000 – new EQUITY DISTR ACQUISITION COR no ticker – 1.2% $2.3m 225,000 – new OAKTREE ACQUISITION CORP II no ticker – 0.9% $1.6m 150,000 – new ABNB AIRBNB INC Consumer Cyclical 0.8% $1.5m 10,000 – new CITIC CAPITAL ACQUISITION CO no ticker – 0.4% $666k 63,547 – new
Exited since Q3 2020 4 rows
Stock Prior weight Prior value ABX BARRICK GOLD CORP 12.1% $19.6m FE FIRSTENERGY CORP 4.4% $7.2m EFC ELLINGTON FINANCIAL INC 3.8% $6.1m PSTHUSD PERSHING SQUARE TONTINE HLDG 3.5% $5.7m
Sector mix Unclassified 53.3% Communication Services 16.4% Financial Services 9.2% Technology 8.1% Consumer Cyclical 5.5% Real Estate 3.8% Industrials 3.6% Book over time Every quarter on file (48) Where Kingstown Capital Management L.P. was early Concentration and tenure
13.5% Median largest position, all quarters The largest single position as a share of the reported equity book.
79.9% Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
Concentrated Style, by median largest position
2 Median completed holding, quarters