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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
-16.5%
1 Year Est. Return
-3.71%
3 Year Est. Return
+38.62%
5 Year Est. Return
+13.87%
10 Year Est. Return
–
AUM
$890M
AUM Growth
+$112M
Cap. Flow
+$307M
Cap. Flow %
34.47%
Top 10 Hldgs %
63.41%
Holding
23
New
6
Increased
10
Reduced
3
Closed
1

Top Buys

Rank Stock Value
1
RITM icon
Rithm Capital
RITM
+$55.3M
2
BNY
Bank of New York Mellon
BNY
+$52M
3
BW icon
Babcock & Wilcox
BW
+$48M
4
BKD icon
Brookdale Senior Living
BKD
+$44.3M
5
EBAY icon
eBay
EBAY
+$40.3M

Top Sells

Rank Stock Value
1
BWXT icon
BWX Technologies
BWXT
+$31.2M
2
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$16.7M
3
NWSA icon
News Corp Class A
NWSA
+$10.4M
4
QLTI
QLT Inc
QLTI
+$917K

Sector Composition

Rank Sector Weight
1 Financials 34.01%
2 Industrials 14.1%
3 Communication Services 13.64%
4 Consumer Discretionary 12.57%
5 Real Estate 5.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ONIT
1
Onity Group
ONIT
$342M
$83.9M 9.43%
833,333
– –
NGHC
2
DELISTED
National General Holdings Corp
NGHC
$62.7M 7.05%
3,250,000
+500,000
+18% +$10.3M
AJRD
3
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$56.6M 6.37%
3,500,000
+100,000
+3% +$2.14M
NWSA icon
4
News Corp Class A
NWSA
$15.6B
$53.6M 6.03%
4,250,000
-750,000
-15% -$10.4M
GM icon
5
General Motors
GM
$80.9B
$52.5M 5.91%
1,750,000
+250,000
+17% +$7.66M
RITM icon
6
Rithm Capital
RITM
$5.58B
$49.1M 5.52%
+3,750,000
New +$55.3M
BNY
7
Bank of New York Mellon
BNY
$103B
$48.9M 5.5%
+1,250,000
New +$52M
CFG icon
8
Citizens Financial Group
CFG
$30.1B
$47.7M 5.36%
2,000,000
+1,000,000
+100% +$25.5M
BW icon
9
Babcock & Wilcox
BW
$1.18B
$43.7M 4.91%
+260,000
New +$48M
VER
10
DELISTED
VEREIT, Inc.
VER
$38.6M 4.34%
1,000,000
– –
EBAY icon
11
eBay
EBAY
$51.2B
$36.7M 4.12%
+1,500,000
New +$40.3M
BKD icon
12
Brookdale Senior Living
BKD
$3.55B
$34.4M 3.87%
+1,500,000
New +$44.3M
SXC icon
13
SunCoke Energy
SXC
$794M
$33.1M 3.72%
4,250,000
+1,750,000
+70% +$19.5M
NSM
14
DELISTED
Nationstar Mortgage Holdings
NSM
$31.2M 3.51%
2,250,000
+375,000
+20% +$6.3M
NAVI icon
15
Navient
NAVI
$819M
$28.1M 3.16%
2,500,000
+250,000
+11% +$3.66M
FWONK icon
16
Liberty Media Series C
FWONK
$25.5B
$27.6M 3.1%
1,130,222
+141,278
+14% +$3.62M
DNOW icon
17
DNOW Inc
DNOW
$2.44B
$25.2M 2.83%
+1,700,000
New +$29.6M
SHLD
18
DELISTED
Sears Holding Corporation
SHLD
$22.6M 2.54%
1,000,000
+500,000
+100% +$12.1M
TRCO
19
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$22.3M 2.5%
625,000
-375,000
-38% -$16.7M
FWONA icon
20
Liberty Media Series A
FWONA
$23.4B
$17.9M 2.01%
743,655
+223,097
+43% +$5.55M
QLTI
21
DELISTED
QLT Inc
QLTI
$7.98M 0.9%
3,000,000
-250,000
-8% -$917K
BWXT icon
22
BWX Technologies
BWXT
$14.4B
– –
-1,328,100
Closed -$31.2M

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Kingstown Capital Management's Q3 2015 Portfolio in Review

As of Q3 2015, Kingstown Capital Management held 23 positions worth $890M, up 14% from $778M the previous quarter. Its ten largest holdings account for 63% of the portfolio.

Kingstown Capital Management deployed $307M of net new capital in Q3 2015, opening 6 new positions and adding to 10 existing holdings. Its largest new stake was Rithm Capital: 3,750,000 shares worth $49.1M.

By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 37% a quarter earlier, followed by Industrials and Communication Services.

On the sell side, the largest reduction was TRIBUNE MEDIA COMPANY CLASS A, an estimated $16.7M trimmed.

  • Kingstown Capital Management's largest Q3 2015 buy was Rithm Capital: 3,750,000 shares worth $49.1M.
  • Kingstown Capital Management added most to Citizens Financial Group in Q3 2015, an estimated $25.5M increase.
  • Kingstown Capital Management's biggest Q3 2015 reduction was TRIBUNE MEDIA COMPANY CLASS A, cutting an estimated $16.7M.
  • Kingstown Capital Management fully exited BWX Technologies in Q3 2015, selling an estimated $31.2M.
  • Kingstown Capital Management's ten largest holdings make up 63% of its $890M portfolio in Q3 2015.
  • Kingstown Capital Management opened 6 new positions and closed 1 in Q3 2015.
  • Kingstown Capital Management's portfolio value rose 14% quarter-over-quarter to $890M.

Based on Kingstown Capital Management's 13F filing for Q3 2015, filed 16 Nov 2015.