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KCM

Kingstown Capital Management Portfolio holdings

AUM $30.4M
1-Year Est. Return 3.71%
This Fund
S&P 500
This Quarter Est. Return
-2.24%
1 Year Est. Return
-3.71%
3 Year Est. Return
+38.62%
5 Year Est. Return
+13.87%
10 Year Est. Return
–
AUM
$778M
AUM Growth
+$9.07M
Cap. Flow
+$20.8M
Cap. Flow %
2.67%
Top 10 Hldgs %
80.13%
Holding
18
New
2
Increased
4
Reduced
–
Closed
1

Top Buys

Rank Stock Value
1
NSM
Nationstar Mortgage Holdings
NSM
+$40.6M
2
SHLD
Sears Holding Corporation
SHLD
+$19.3M
3
VER
VEREIT, Inc.
VER
+$9.02M
4
ONIT
Onity Group
ONIT
+$4.85M
5
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$4.19M

Top Sells

Rank Stock Value
1
HLSS
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
+$59.5M

Sector Composition

Rank Sector Weight
1 Financials 36.6%
2 Communication Services 21.1%
3 Industrials 13.02%
4 Consumer Discretionary 8.15%
5 Materials 4.18%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ONIT
1
Onity Group
ONIT
$342M
$128M 16.4%
833,333
+33,333
+4% +$4.85M
NWSA icon
2
News Corp Class A
NWSA
$15.6B
$73M 9.38%
5,000,000
– –
AJRD
3
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$70.1M 9.01%
3,400,000
+200,000
+6% +$4.19M
NGHC
4
DELISTED
National General Holdings Corp
NGHC
$57.3M 7.37%
2,750,000
– –
TRCO
5
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$53.4M 6.87%
1,000,000
– –
GM icon
6
General Motors
GM
$80.9B
$50M 6.43%
1,500,000
– –
NAVI icon
7
Navient
NAVI
$819M
$41M 5.27%
2,250,000
– –
VER
8
DELISTED
VEREIT, Inc.
VER
$40.6M 5.23%
1,000,000
+200,000
+25% +$9.02M
SXC icon
9
SunCoke Energy
SXC
$794M
$32.5M 4.18%
2,500,000
+150,000
+6% +$2.36M
NSM
10
DELISTED
Nationstar Mortgage Holdings
NSM
$31.5M 4.05%
+1,875,000
New +$40.6M
BWXT icon
11
BWX Technologies
BWXT
$14.4B
$31.2M 4.01%
1,328,100
– –
CFG icon
12
Citizens Financial Group
CFG
$30.1B
$27.3M 3.51%
1,000,000
– –
FWONK icon
13
Liberty Media Series C
FWONK
$25.5B
$25.1M 3.23%
988,944
– –
QLTI
14
DELISTED
QLT Inc
QLTI
$13.4M 1.73%
3,250,000
– –
SHLD
15
DELISTED
Sears Holding Corporation
SHLD
$13.3M 1.72%
+500,000
New +$19.3M
FWONA icon
16
Liberty Media Series A
FWONA
$23.4B
$12.6M 1.62%
520,558
– –
HLSS
17
DELISTED
HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS)
HLSS
– –
-3,600,000
Closed -$59.5M

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Kingstown Capital Management's Q2 2015 Portfolio in Review

As of Q2 2015, Kingstown Capital Management held 18 positions worth $778M, up 1.2% from $768M the previous quarter. Its ten largest holdings account for 80% of the portfolio.

Kingstown Capital Management's Q2 2015 filing shows 2 new, 4 increased and 1 closed positions. Its largest new stake was Nationstar Mortgage Holdings: 1,875,000 shares worth $31.5M. The largest sale was HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS), an estimated $59.5M.

By sector, the portfolio is most concentrated in Financials at 37% of assets, up from 29% a quarter earlier, followed by Communication Services and Industrials.

  • Kingstown Capital Management's largest Q2 2015 buy was Nationstar Mortgage Holdings: 1,875,000 shares worth $31.5M.
  • Kingstown Capital Management added most to VEREIT, Inc. in Q2 2015, an estimated $9.02M increase.
  • Kingstown Capital Management fully exited HOME LN SERVICING SOLUTIONS LTD(CAYMAN ISLANDS) in Q2 2015, selling an estimated $59.5M.
  • Kingstown Capital Management's ten largest holdings make up 80% of its $778M portfolio in Q2 2015.
  • Kingstown Capital Management opened 2 new positions and closed 1 in Q2 2015.
  • Kingstown Capital Management's portfolio value rose 1.2% quarter-over-quarter to $778M.

Based on Kingstown Capital Management's 13F filing for Q2 2015, filed 14 Aug 2015.