Kingstown Capital Management’s Forest City Realty Trust, Inc. FCE.A Stock Holding History

Kingstown Capital Management’s Portfolio FCE.A Stock Details FCE.A Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2018 Q1	–	Sell	-1,250,000	Closed	-$30.1M	–	19
2017 Q4	$30.1M	Sell	1,250,000 -1,000,000	-44%	-$24.8M	3.54%	12
2017 Q3	$57.4M	Sell	2,250,000 -750,000	-25%	-$18.4M	6.81%	6
2017 Q2	$72.5M	Hold	3,000,000	–	–	7.22%	4
2017 Q1	$65.3M	Buy	3,000,000 +500,000	+20%	+$11.1M	6.78%	5
2016 Q4	$52.1M	Buy	+2,500,000	New	+$50.7M	5.11%	9
2014 Q3	–	Sell	-2,250,000	Closed	-$44.7M	–	17
2014 Q2	$44.7M	Sell	2,250,000 -200,000	-8%	-$3.82M	6.69%	9
2014 Q1	$46.8M	Buy	2,450,000 +2,275,000	+1,300%	+$43M	5.85%	5
2013 Q4	$3.34M	Buy	+175,000	New	+$3.4M	0.41%	20
2013 Q3	–	Sell	-2,000,000	Closed	-$35.8M	–	22
2013 Q2	$35.8M	Buy	+2,000,000	New	+$36.9M	5.94%	9

Other funds holding FCE.A

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

SCM

Scopia Capital Management New York $146M AUM 25.93% 1-Year Est. Return

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Starboard Value New York $4.57B AUM 4.97% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

CIMLRA

CBRE Investment Management Listed Real Assets Radnor, Pennsylvania $6.75B AUM 8.88% 1-Year Est. Return

TAM

Third Avenue Management New York $616M AUM 45.6% 1-Year Est. Return

BHG

Blue Harbour Group Greenwich, Connecticut $353M AUM 8.9% 1-Year Est. Return

CI Investments Inc Toronto, Ontario, Canada $20.6B AUM 29.22% 1-Year Est. Return

SIG

Senator Investment Group New York $2.18B AUM 58.56% 1-Year Est. Return

Kingstown Capital Management's FCE.A Position: Q1 2018 in Review

Kingstown Capital Management sold out of Forest City Realty Trust, Inc. (FCE.A) in Q1 2018, closing a stake of 1,250,000 shares — an estimated $30.1M sold.

Kingstown Capital Management first reported a position in FCE.A in Q2 2013 and held it in 9 quarters. The position peaked at $72.5M in Q2 2017. 264 funds tracked by Wall St. Rank hold FCE.A as of Q1 2018.

Kingstown Capital Management reported no remaining Forest City Realty Trust, Inc. position as of Q1 2018 after selling out during the quarter.
Kingstown Capital Management sold 1,250,000 Forest City Realty Trust, Inc. shares in Q1 2018, an estimated $30.1M.
Kingstown Capital Management first reported a position in Forest City Realty Trust, Inc. in Q2 2013 and held it in 9 quarters.
Kingstown Capital Management's Forest City Realty Trust, Inc. position peaked at $72.5M in Q2 2017.
264 funds tracked by Wall St. Rank held Forest City Realty Trust, Inc. as of Q1 2018.

Based on Kingstown Capital Management's 13F filing for Q1 2018, filed 15 May 2018.