WhaleCreep

Kingstown Capital Management L.P. 13F holdings, Q2 2021

Hedge fundSEC filingsCompare with another fundHoldings as of 2021-06-30, filed 2021-08-16

Kingstown Capital Management L.P. disclosed 101 US equity positions worth $167.4m in its Q2 2021 13F filing. Its largest position is BABA at 5.1% of the reported book, followed by META and MSFT. Versus Q1 2021 it opened 56 new positions, added to 24, reduced 16 and exited 54.

$167m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
101
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
5.1%
Largest position
The largest single position as a share of the reported equity book.
34.1%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
46
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 Q1 2021: 56 new, 24 added, 16 reduced, 54 exited

50 of 101
BABA ALIBABA GROUP HLDG LTDConsumer Cyclical5.1%$8.5m37,500+25%added
META META PLATFORMS INCCommunication Services4.2%$7.0m20,000−33%reduced
MSFT MICROSOFT CORPTechnology4.0%$6.8m25,000−17%reduced
GS GOLDMAN SACHS GROUP INCFinancial Services3.4%$5.7m15,000−40%reduced
TME TENCENT MUSIC ENTMT GROUPCommunication Services3.2%$5.4m350,000+17%added
GDX VANECK ETF TRUST–3.0%$5.1m150,000−40%reduced
BX BLACKSTONE INCFinancial Services2.9%$4.9m50,000−33%reduced
FCN FTI CONSULTING INCIndustrials2.9%$4.8m35,000−30%reduced
WIX WIX COM LTDTechnology2.8%$4.7m16,250−35%reduced
PINS PINTEREST INCCommunication Services2.6%$4.3m55,000−19%reduced
890 5TH AVE PARTNERS INC no ticker–2.4%$3.9m400,0000.0%held
ATLAS CREST INVESTMENT CORP no ticker–2.3%$3.9m400,000−33%reduced
EQH EQUITABLE HLDGS INCFinancial Services2.3%$3.8m125,000–new
CORAZON CAPITAL V838 MONOCER no ticker–1.9%$3.2m325,000–new
BRIDGETOWN HOLDINGS LTD no ticker–1.8%$3.0m300,000–new
LIBERTY MEDIA CORP DEL no ticker–1.8%$3.0m65,000−13%reduced
LIBERTY MEDIA CORP DEL no ticker–1.8%$3.0m65,000−13%reduced
THIMBLE POINT ACQUISITION CO no ticker–1.8%$3.0m300,000–new
KKR ACQUISITION HOLDING I CO no ticker–1.8%$2.9m300,000–new
CONSTELLATION ACQUISITN CORP no ticker–1.8%$2.9m300,0000.0%held
MOTIVE CAPITAL CORP no ticker–1.8%$2.9m300,000−7.7%reduced
FRONTIER ACQUISITION CORP no ticker–1.7%$2.9m300,000–new
HAMILTON LANE ALLIANCE HLDGS no ticker–1.7%$2.9m300,0000.0%held
ARES ACQUISITION CORPORATION no ticker–1.7%$2.9m300,0000.0%held
AUSTERLITZ ACQUISITION CORP no ticker–1.7%$2.9m300,000–new
SUPERNOVA PARTNERS ACQUISTN no ticker–1.7%$2.9m300,000–new
TRIBE CAPITAL GROWTH CORP I no ticker–1.7%$2.9m300,000–new
L CATTERTON ASIA ACQUISITION no ticker–1.7%$2.9m300,000–new
ROCKET INTERNET GRWT OPRT CO no ticker–1.7%$2.9m300,000–new
AGILE GROWTH CORP no ticker–1.7%$2.9m300,000–new
COVA ACQUISITION CORP no ticker–1.7%$2.9m300,000–new
POEMA GLOBAL HOLDINGS CORP no ticker–1.7%$2.9m300,000−7.7%reduced
CROWN PROPTECH ACQUISITIONS no ticker–1.7%$2.9m300,000–new
CARTESIAN GROWTH CORP no ticker–1.7%$2.9m300,000–new
BARK BARK INC–1.7%$2.8m250,000–new
FIRSTMARK HORIZON ACQUISITIO no ticker–1.3%$2.2m225,000–new
ASTS AST SPACEMOBILE INCTechnology1.2%$1.9m150,000–new
PSFE PAYSAFE LIMITEDTechnology1.1%$1.8m150,000–new
ISLEWORTH HEALTHCARE ACQU CO no ticker–0.9%$1.5m150,000−50%reduced
LEVERE HOLDINGS CORP no ticker–0.9%$1.5m150,000–new
ITHAX ACQUISITION CORP no ticker–0.9%$1.5m150,000−50%reduced
SCIENCE STRATEGIC ACQ ALPHA no ticker–0.9%$1.5m150,000–new
HH&L ACQUISITION CO no ticker–0.9%$1.5m150,000−50%reduced
KISMET ACQUISITION THREE COR no ticker–0.9%$1.5m150,000–new
VELOCITY ACQUISITION CORP no ticker–0.9%$1.4m150,000–new
TWELVE SEAS INVESTMENT CO II no ticker–0.9%$1.4m150,000–new
NORTHERN STAR INVSTMNT CORP no ticker–0.4%$732k300,000–new
AUSTERLITZ ACQUISITION CORP no ticker–0.4%$649k375,000–new
AUSTERLITZ ACQUISITION CORP no ticker–0.4%$594k475,000–new
890 5TH AVE PARTNERS INC no ticker–0.3%$563k450,000+80%added

Exited since Q1 2021

54 rows
STAYUSD EXTENDED STAY AMER INC2.7%$7.9m
T AT&T INC2.6%$7.6m
PSA PUBLIC STORAGE2.5%$7.4m
INTC INTEL CORP2.2%$6.4m
COWNEUR COWEN INC1.8%$5.3m
COLICITY INC no ticker1.4%$4.0m
SCION TECH GROWTH I no ticker1.3%$3.9m
ROCKET INTERNET GRWT OPRT CO no ticker1.1%$3.3m
CORAZON CAPITAL V838 MONOCER no ticker1.1%$3.2m
KL ACQUISITION CORP no ticker1.1%$3.2m
TLG ACQUISITION ONE CORP no ticker1.1%$3.1m
TRIBE CAPITAL GROWTH CORP I no ticker1.0%$3.0m
SUPERNOVA PARTNERS ACQUISTN no ticker1.0%$3.0m
AUSTERLITZ ACQUISITION CORP no ticker1.0%$3.0m
KKR ACQUISITION HOLDING I CO no ticker1.0%$3.0m
THIMBLE POINT ACQUISITION CO no ticker1.0%$3.0m
ALPHA CAPITAL ACQUISITION CO no ticker1.0%$3.0m
DHC ACQUISITION CORP no ticker1.0%$3.0m
NEW VISTA ACQUISITION CORP no ticker1.0%$3.0m
WARBURG PINCUS CAPTAL CORP I no ticker1.0%$3.0m
KHOSLA VENTURES ACQUT CO III no ticker1.0%$3.0m
LEVERE HOLDINGS CORP no ticker1.0%$3.0m
CARTESIAN GROWTH CORP no ticker1.0%$3.0m
COVA ACQUISITION CORP no ticker1.0%$3.0m
L CATTERTON ASIA ACQUISITION no ticker1.0%$3.0m
CROWN PROPTECH ACQUISITIONS no ticker1.0%$3.0m
ITIQUIRA ACQUISITION CORP no ticker1.0%$3.0m
FUSION ACQUISITION CORP II no ticker1.0%$3.0m
AGILE GROWTH CORP no ticker1.0%$3.0m
FRONTIER ACQUISITION CORP no ticker1.0%$3.0m
FORESIGHT ACQUISITION CORP no ticker1.0%$3.0m
KISMET ACQUISITION THREE COR no ticker1.0%$3.0m
GIGCAPITAL4 INC no ticker1.0%$3.0m
VELOCITY ACQUISITION CORP no ticker1.0%$3.0m
TWELVE SEAS INVESTMENT CO II no ticker1.0%$3.0m
ROTOR ACQUISITION CORP no ticker1.0%$2.9m
DEEP LAKE CAPITAL ACQUSTN CO no ticker1.0%$2.9m
CORNER GROWTH ACQUISITION CO no ticker1.0%$2.9m
JOFF FINTECH ACQUISITION COR no ticker1.0%$2.9m
PROVIDENT ACQUISITION CORP no ticker1.0%$2.9m
ONE EQUITY PARTNERS OPEN WTR no ticker1.0%$2.9m
SEVEN OAKS ACQUISITION CORP no ticker1.0%$2.9m
BIOTECH ACQUISITION COMPANY no ticker1.0%$2.9m
PIONEER MERGER CORP no ticker1.0%$2.9m
SILVER CREST ACQUISITION COR no ticker1.0%$2.9m
D AND Z MEDIA ACQUISITION CO no ticker1.0%$2.9m
HEALTHCARE CAPITAL CORP no ticker1.0%$2.9m
SCIENCE STRATEGIC ACQ ALPHA no ticker0.9%$2.7m
OCA ACQUISITION CORP no ticker0.9%$2.7m
AUTHENTIC EQUITY ACQUISTN CO no ticker0.9%$2.7m

Sector mix

  • Unclassified64.4%
  • Communication Services10.0%
  • Technology9.1%
  • Financial Services8.6%
  • Consumer Cyclical5.1%
  • Industrials2.9%

Book over time

Every quarter on file (48)
QuarterPositionsEquity book
Q3 202247$30.4m
Q2 202263$60.4m
Q1 202268$65.9m
Q4 202170$79.5m
Q3 202179$100.0m
Q2 2021101$167m
Q1 202199$291m
Q4 202033$184m
Q3 202015$162m
Q2 202014$212m
Q1 202021$651m
Q4 201913$344m
Q3 201915$402m
Q2 201915$549m
Q1 201915$487m
Q4 201815$461m
Q3 201817$754m
Q2 201818$801m
Q1 201814$674m
Q4 201718$851m
Q3 201717$843m
Q2 201719$798m
Q1 201719$964m
Q4 201620$1.0bn
Q3 201621$897m
Q2 201623$882m
Q1 201621$927m
Q4 201522$928m
Q3 201522$890m
Q2 201517$778m
Q1 201516$768m
Q4 201417$689m
Q3 201414$684m
Q2 201415$668m
Q1 201421$800m
Q4 201320$806m
Q3 201319$656m
Q2 201322$603m
Q1 201317$471m
Q4 201218$414m
Q3 201217$374m
Q2 201216$345m
Q1 201216$293m
Q4 201115$268m
Q3 201115$277m
Q2 201112$244m
Q1 201117$269m
Q4 201016$195m

Where Kingstown Capital Management L.P. was early

36 rows
ORI OLD REP INTL CORPQ4 20111 of 941.7%8.9%7Exited by Q3 2013+39%
MDRX ALLSCRIPTS HEALTHCARE SOLUTNQ2 20124 of 967.9%8.3%3Exited by Q1 2013−14%
GM GENERAL MTRS COQ2 20125 of 1696.9%9.1%30Exited by Q4 2019+90%
GRFS GRIFOLS S A SPQ3 20121 of 634.3%4.3%2Exited by Q1 2013+19%
GD GENERAL DYNAMICS CORPQ3 20127 of 1348.8%10.9%6Exited by Q1 2014+45%
S9Q SPIRIT AEROSYSTEMS HLDGS INCQ1 20135 of 1536.0%9.4%10Exited by Q3 2020+26%
SXC SUNCOKE ENERGY INCQ2 20131 of 706.0%6.7%14Exited by Q4 2016−43%
ETRA E TRADE FINANCIAL CORPQ2 20132 of 946.8%6.8%3Exited by Q1 2014+55%
RHP RYMAN HOSPITALITY PPTYS INCQ2 20132 of 1181.6%4.5%4Exited by Q2 2014+9.0%
AMH AMERICAN HOMES 4 RENTQ3 20131 of 1273.3%6.6%4Exited by Q3 2014+10.0%
NWSA NEWS CORP NEWQ3 20132 of 14010.8%11.4%10Exited by Q1 2016−17%
NAVI NAVIENT CORPQ2 20141 of 1166.4%7.1%10Exited by Q4 2016−18%
CFG CITIZENS FINL GROUP INCQ3 20142 of 1713.4%8.3%12Exited by Q3 2017+52%
TRCO TRIBUNE MEDIA COQ4 20146 of 1057.4%7.9%5Exited by Q1 2016−43%
RITM NEW RESIDENTIAL INVT CORPQ3 20157 of 1345.5%7.8%14Exited by Q1 2019+8.5%
BNY BANK NEW YORK MELLON CORPQ3 201512 of 1545.5%9.6%13Exited by Q4 2018+30%
BKD BROOKDALE SR LIVING INCQ3 201514 of 1503.9%6.7%8Exited by Q3 2017−36%
HPE HEWLETT PACKARD ENTERPRISE CQ4 20151 of 2197.0%12.1%9Exited by Q1 2018+63%
PJT PJT PARTNERS INCQ2 20164 of 1032.3%3.4%7Exited by Q1 2018+98%
ADNT ADIENT PLCQ4 20162 of 13314.4%19.9%8Exited by Q4 2018−33%
DXC DXC TECHNOLOGY COQ2 20171 of 1627.7%10.6%10Exited by Q4 2019−56%
CARS CARS COM INCQ2 20173 of 1251.7%7.1%3Exited by Q1 2018+8.3%
FPH FIVE POINT HOLDINGS LLCQ2 20175 of 552.7%3.1%11Exited by Q1 2020−53%
RMNI RIMINI STR INC DELQ4 20171 of 600.3%1.3%9Exited by Q1 2020−51%
PCG PG&E CORPQ4 201712 of 2095.3%9.8%5Exited by Q1 2019−47%
TME TENCENT MUSIC ENTMT GROUPQ4 20181 of 1675.0%12.4%11Exited by Q3 2021+17%
KKR KKR & CO INCQ1 201914 of 2112.4%10.6%4Exited by Q1 2020+24%
SPT SPROUT SOCIAL INCQ1 20202 of 1200.9%2.5%2Exited by Q3 2020+69%
GTX GARRETT MOTION INCQ1 20207 of 1370.9%2.6%2Exited by Q3 2020+94%
FE FIRSTENERGY CORPQ1 202011 of 1536.2%9.1%3Exited by Q4 2020−28%
EFC ELLINGTON FINANCIAL INCQ2 20203 of 616.9%6.9%2Exited by Q4 2020+4.1%
PINS PINTEREST INCQ2 202018 of 2412.6%5.1%5Exited by Q3 2021+256%
BX BLACKSTONE INCQ3 202016 of 20612.9%12.9%5Exited by Q4 2021+123%
WIX WIX COM LTDQ3 202021 of 2105.1%5.1%4Exited by Q3 2021+14%
BARK BARK INCQ2 20211 of 681.7%1.7%6Held at last filing, Q3 2022−84%
ASTS AST SPACEMOBILE INCQ2 20212 of 1081.2%1.9%5Exited by Q3 2022−51%

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