Kingstown Capital Management’s Nationstar Mortgage Holdings NSM Stock Holding History

Kingstown Capital Management’s Portfolio NSM Stock Details NSM Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q4	–	Sell	-1,350,000	Closed	-$20M	–	24
2016 Q3	$20M	Hold	1,350,000	–	–	2.23%	18
2016 Q2	$15.2M	Sell	1,350,000 -50,000	-4%	-$580K	1.72%	20
2016 Q1	$13.9M	Sell	1,400,000 -600,000	-30%	-$6.4M	1.5%	20
2015 Q4	$26.7M	Sell	2,000,000 -250,000	-11%	-$3.32M	2.88%	16
2015 Q3	$31.2M	Buy	2,250,000 +375,000	+20%	+$6.3M	3.51%	15
2015 Q2	$31.5M	Buy	+1,875,000	New	+$40.6M	4.05%	11

Other funds holding NSM

FIG

Fortress Investment Group New York $531M AUM 12.95% 1-Year Est. Return

Diamond Hill Capital Management Columbus, Ohio $12.5B AUM 7.49% 1-Year Est. Return

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

MVP

Miller Value Partners Sarasota, Florida $423M AUM 49.14% 1-Year Est. Return

Carlson Capital Dallas, Texas $494M AUM 23.45% 1-Year Est. Return

TSW

Thompson Siegel & Walmsley Richmond, Virginia $5.57B AUM 9.46% 1-Year Est. Return

Boston Partners Boston, Massachusetts $113B AUM 38.87% 1-Year Est. Return

BIT

BlackRock Institutional Trust San Francisco, California $675B AUM 16.07% 1-Year Est. Return

BFA

BlackRock Fund Advisors San Francisco, California $542B AUM 18.13% 1-Year Est. Return

RCMNY

Rubric Capital Management (New York) New York $10.9B AUM 70.31% 1-Year Est. Return

Kingstown Capital Management's NSM Position: Q4 2016 in Review

Kingstown Capital Management sold out of Nationstar Mortgage Holdings (NSM) in Q4 2016, closing a stake of 1,350,000 shares — an estimated $20M sold.

Kingstown Capital Management first reported a position in NSM in Q2 2015 and held it in 6 quarters. The position peaked at $31.5M in Q2 2015. 120 funds tracked by Wall St. Rank hold NSM as of Q4 2016.

Kingstown Capital Management reported no remaining Nationstar Mortgage Holdings position as of Q4 2016 after selling out during the quarter.
Kingstown Capital Management sold 1,350,000 Nationstar Mortgage Holdings shares in Q4 2016, an estimated $20M.
Kingstown Capital Management first reported a position in Nationstar Mortgage Holdings in Q2 2015 and held it in 6 quarters.
Kingstown Capital Management's Nationstar Mortgage Holdings position peaked at $31.5M in Q2 2015.
120 funds tracked by Wall St. Rank held Nationstar Mortgage Holdings as of Q4 2016.

Based on Kingstown Capital Management's 13F filing for Q4 2016, filed 14 Feb 2017.