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King Street Capital Management Portfolio holdings
AUM
$328M
1-Year Est. Return
0.61%
This Fund
S&P 500
This Quarter
Est. Return
-0.92%
1 Year Est. Return
-0.61%
3 Year Est. Return
+85.89%
5 Year Est. Return
+69.9%
10 Year Est. Return
–
AUM
$753M
AUM Growth
-$148M
(-16%)
Cap. Flow
-$98.5M
Cap. Flow
% of AUM
-13.09%
Top 10 Holdings %
Top 10 Hldgs %
83.6%
Holding
27
New
5
Increased
3
Reduced
3
Closed
5
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Synchrony
SYF
|
+$18.3M |
| 2 |
Equinix
EQIX
|
+$6.01M |
| 3 |
Rayonier Advanced Materials
RYAM
|
+$2.19M |
| 4 |
KMI.WS
Kinder Morgan Inc
KMI.WS
|
+$1.35M |
| 5 |
DYN.WS
Dynegy Inc,
DYN.WS
|
+$450K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Graphic Packaging
GPK
|
+$46.8M |
| 2 |
Canadian Natural Resources
CNQ
|
+$32M |
| 3 |
DYN
Dynegy, Inc.
DYN
|
+$29.7M |
| 4 |
Nexstar Media Group
NXST
|
+$15.7M |
| 5 |
SVU
SUPERVALU Inc.
SVU
|
+$15.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Real Estate | 19.76% |
| 2 | Consumer Discretionary | 8.11% |
| 3 | Financials | 2.45% |
| 4 | Communication Services | 0.86% |
| 5 | Industrials | 0.55% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Equinix
EQIX
$101B
| $149M | 19.76% |
700,000
+28,013
| +4% | +$6.01M |
|
|
2
CALL
Equinix
EQIX
$101B
| $89.6M | 11.9% |
421,500
| – | – |
|
3
CALL
Devon Energy
DVN
$52.1B
| $68.2M | 9.06% |
1,000,000
| – | – |
|
|
4
CALL
Canadian Natural Resources
CNQ
$99.4B
| $68M | 9.03% |
3,619,955
+1,551,409
| +75% | +$32M |
|
|
SEE
5
DELISTED
Sealed Air
SEE
| $61M | 8.11% |
1,750,000
| – | – |
|
6
CALL
Delta Air Lines
DAL
$57.5B
| $54.2M | 7.21% |
1,500,000
| – | – |
|
|
APC
7
CALL
DELISTED
Anadarko Petroleum
APC
| $50.7M | 6.74% |
500,000
| – | – |
|
8
CALL
Citigroup
C
$222B
| $38.9M | 5.16% |
750,000
| – | – |
|
|
DYN
9
DELISTED
Dynegy, Inc.
DYN
| $28.9M | 3.84% |
1,000,000
-1,000,000
| -50% | -$29.7M |
|
10
PUT
AngloGold Ashanti
AU
$40.1B
| $21M | 2.79% |
1,750,000
| – | – |
|
|
11
Synchrony
SYF
$24.7B
| $18.4M | 2.45% |
+750,000
| New | +$18.3M |
|
12
CALL
Bank of America
BAC
$435B
| $17.1M | 2.27% |
1,000,000
-1,000,000
| -50% | -$15.9M |
|
|
KMI.WS
13
DELISTED
Kinder Morgan Inc
KMI.WS
| $16M | 2.13% |
4,400,000
+400,000
| +10% | +$1.35M |
|
|
14
PUT
Rayonier Advanced Materials
RYAM
$604M
| $16M | 2.12% |
+485,000
| New | +$17M |
|
|
GM.WS.B
15
DELISTED
General Motors Company
GM.WS.B
| $15.1M | 2.01% |
1,046,767
| – | – |
|
16
CALL
United Airlines
UAL
$39.4B
| $11.7M | 1.55% |
250,000
| – | – |
|
|
VALE.P
17
PUT
DELISTED
Vale S A
VALE.P
| $11M | 1.46% |
+1,000,000
| New | +$11.9M |
|
|
18
Nexstar Media Group
NXST
$5.82B
| $6.5M | 0.86% |
160,818
-339,182
| -68% | -$15.7M |
|
|
WAFDW
19
DELISTED
Washington Federal, Inc.
WAFDW
| $4.91M | 0.65% |
891,411
| – | – |
|
|
NNA
20
DELISTED
Navios Maritime Acquisition Corporation
NNA
| $4.13M | 0.55% |
101,483
| – | – |
|
|
21
Rayonier Advanced Materials
RYAM
$604M
| $2.05M | 0.27% |
+62,339
| New | +$2.19M |
|
|
DYN.WS
22
DELISTED
Dynegy Inc,
DYN.WS
| $513K | 0.07% |
+123,799
| New | +$450K |
|
23
Boyd Gaming
BYD
$6.32B
| – | – |
-1,000,000
| Closed | -$12.1M |
|
|
24
Canadian Natural Resources
CNQ
$99.4B
| – | – |
-1,551,410
| Closed | -$32M |
|
|
25
Graphic Packaging
GPK
$3.17B
| – | – |
-4,000,000
| Closed | -$46.8M |
|
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King Street Capital Management's Q3 2014 Portfolio in Review
As of Q3 2014, King Street Capital Management held 27 positions worth $753M, down 16% from $900M the previous quarter. Its ten largest holdings account for 84% of the portfolio.
King Street Capital Management withdrew a net $98.5M in Q3 2014, closing 5 positions and reducing 3 holdings. Its most notable exit was Graphic Packaging, an estimated $46.8M position sold in full.
By sector, the portfolio is most concentrated in Real Estate at 20% of assets, up from 16% a quarter earlier, followed by Consumer Discretionary and Financials.
Against the trend, King Street Capital Management opened a new position in Synchrony worth $18.4M.
- King Street Capital Management's largest Q3 2014 buy was Synchrony: 750,000 shares worth $18.4M.
- King Street Capital Management added most to Equinix in Q3 2014, an estimated $6.01M increase.
- King Street Capital Management's biggest Q3 2014 reduction was Dynegy, Inc., cutting an estimated $29.7M.
- King Street Capital Management fully exited Graphic Packaging in Q3 2014, selling an estimated $46.8M.
- King Street Capital Management's ten largest holdings make up 84% of its $753M portfolio in Q3 2014.
- King Street Capital Management opened 5 new positions and closed 5 in Q3 2014.
- King Street Capital Management's portfolio value fell 16% quarter-over-quarter to $753M.
Based on King Street Capital Management's 13F filing for Q3 2014, filed 13 Nov 2014.