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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
+7.89%
1 Year Est. Return
-0.61%
3 Year Est. Return
+85.89%
5 Year Est. Return
+69.9%
10 Year Est. Return
–
AUM
$1.22B
AUM Growth
-$120M
(-9%)
Cap. Flow
-$230M
Cap. Flow
% of AUM
-18.86%
Top 10 Holdings %
Top 10 Hldgs %
53.93%
Holding
131
New
21
Increased
9
Reduced
14
Closed
34
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Valaris
VAL
|
+$82.4M |
| 2 |
Noble Corp
NE
|
+$31.2M |
| 3 |
Las Vegas Sands
LVS
|
+$28M |
| 4 |
Apple Hospitality REIT
APLE
|
+$23.8M |
| 5 |
CNR
Cornerstone Building Brands, Inc.
CNR
|
+$18M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
ZIM Integrated Shipping Services
ZIM
|
+$146M |
| 2 |
Mid-America Apartment Communities
MAA
|
+$65M |
| 3 |
Cheniere Energy
LNG
|
+$32.5M |
| 4 |
VICI Properties
VICI
|
+$22.6M |
| 5 |
PARA
Paramount Global Class B
PARA
|
+$22.6M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 20.81% |
| 2 | Consumer Discretionary | 14.54% |
| 3 | Energy | 12.98% |
| 4 | Communication Services | 10.77% |
| 5 | Technology | 9.58% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
T-Mobile US
TMUS
$190B
| $127M | 10.47% |
880,000
-75,000
| -8% | -$10.3M |
|
|
2
Valaris
VAL
$5.32B
| $95M | 7.8% |
+3,289,129
| New | +$82.4M |
|
3
8x8 Inc
EGHT
$292M
| $66.6M | 5.47% |
2,400,000
+434,924
| +22% | +$12.3M |
|
4
Radian Group
RDN
$5.22B
| $56.2M | 4.62% |
2,525,000
-750,000
| -23% | -$17.5M |
|
|
5
ZIM Integrated Shipping Services
ZIM
$3.14B
| $55.5M | 4.56% |
1,235,450
-3,781,080
| -75% | -$146M |
|
6
Melco Resorts & Entertainment
MLCO
$2.17B
| $55.4M | 4.55% |
3,342,700
| – | – |
|
7
Booking.com
BKNG
$149B
| $51.9M | 4.26% |
592,500
-130,000
| -18% | -$12.1M |
|
|
KAHC.U
8
DELISTED
KKR Acquisition Holdings I Corp. Units, each consisting of one share of Class A Common Stock and one-fourth of one redeemable warrant
KAHC.U
| $50.2M | 4.12% |
5,000,000
| – | – |
|
9
Qualcomm
QCOM
$159B
| $50M | 4.11% |
350,000
| – | – |
|
10
Arch Capital
ACGL
$34.5B
| $48.3M | 3.97% |
1,240,000
| – | – |
|
11
MGIC Investment
MTG
$6.27B
| $44.7M | 3.67% |
3,285,000
-1,320,000
| -29% | -$19M |
|
12
UWM Holdings
UWMC
$651M
| $37.3M | 3.06% |
4,414,300
-2,685,700
| -38% | -$22.5M |
|
13
Wells Fargo
WFC
$266B
| $34M | 2.79% |
750,000
+250,000
| +50% | +$11.2M |
|
|
NGCAU
14
DELISTED
NextGen Acquisition Corp. II Units
NGCAU
| $32.4M | 2.66% |
3,000,000
| – | – |
|
|
15
Noble Corp
NE
$6.45B
| $31.2M | 2.56% |
+1,261,442
| New | +$31.2M |
|
|
16
Las Vegas Sands
LVS
$30.6B
| $25.6M | 2.1% |
+485,000
| New | +$28M |
|
|
CNR
17
DELISTED
Cornerstone Building Brands, Inc.
CNR
| $25.5M | 2.09% |
1,400,000
+1,120,000
| +400% | +$18M |
|
|
18
Apple Hospitality REIT
APLE
$3.91B
| $23.3M | 1.92% |
+1,530,000
| New | +$23.8M |
|
|
GLHAU
19
DELISTED
Glass Houses Acquisition Corp. Unit
GLHAU
| $20.2M | 1.66% |
2,000,000
| – | – |
|
20
GoodRx Holdings
GDRX
$1.07B
| $18M | 1.48% |
500,000
| – | – |
|
|
21
Cheniere Energy
LNG
$54.1B
| $17.3M | 1.43% |
200,000
-399,964
| -67% | -$32.5M |
|
|
GSEVU
22
DELISTED
Gores Holdings VII, Inc. Units
GSEVU
| $15.1M | 1.24% |
1,500,000
| – | – |
|
|
GGPIU
23
DELISTED
Gores Guggenheim, Inc. Unit
GGPIU
| $15M | 1.23% |
1,500,000
| – | – |
|
|
EXE
24
Expand Energy Corp
EXE
$21.9B
| $14.4M | 1.19% |
278,257
| – | – |
|
|
GRSV
25
DELISTED
Gores Holdings V, Inc.
GRSV
| $14.1M | 1.16% |
1,400,000
+600,000
| +75% | +$6.12M |
|
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King Street Capital Management's Q2 2021 Portfolio in Review
As of Q2 2021, King Street Capital Management held 131 positions worth $1.22B, down 9% from $1.34B the previous quarter. Its ten largest holdings account for 54% of the portfolio.
King Street Capital Management withdrew a net $230M in Q2 2021, closing 34 positions and reducing 14 holdings. Its most notable exit was Mid-America Apartment Communities, an estimated $65M position sold in full.
By sector, the portfolio is most concentrated in Financials at 21% of assets, down from 22% a quarter earlier, followed by Consumer Discretionary and Energy.
Against the trend, King Street Capital Management opened a new position in Valaris worth $95M.
- King Street Capital Management's largest Q2 2021 buy was Valaris: 3,289,129 shares worth $95M.
- King Street Capital Management added most to Cornerstone Building Brands, Inc. in Q2 2021, an estimated $18M increase.
- King Street Capital Management's biggest Q2 2021 reduction was ZIM Integrated Shipping Services, cutting an estimated $146M.
- King Street Capital Management fully exited Mid-America Apartment Communities in Q2 2021, selling an estimated $65M.
- King Street Capital Management's ten largest holdings make up 54% of its $1.22B portfolio in Q2 2021.
- King Street Capital Management opened 21 new positions and closed 34 in Q2 2021.
- King Street Capital Management's portfolio value fell 9% quarter-over-quarter to $1.22B.
Based on King Street Capital Management's 13F filing for Q2 2021, filed 16 Aug 2021.