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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
+0.9%
1 Year Est. Return
-3.71%
3 Year Est. Return
+38.62%
5 Year Est. Return
+13.87%
10 Year Est. Return
–
AUM
$1B
AUM Growth
+$40.9M
Cap. Flow
-$157M
Cap. Flow %
-15.65%
Top 10 Hldgs %
82.34%
Holding
25
New
6
Increased
1
Reduced
6
Closed
5

Top Buys

Rank Stock Value
1
DXC icon
DXC Technology
DXC
+$61.4M
2
FPH icon
Five Point Holdings
FPH
+$22.1M
3
CARS icon
Cars.com
CARS
+$13.5M
4
BNY
Bank of New York Mellon
BNY
+$12M
5
RAD
Rite Aid Corporation
RAD
+$7.56M

Top Sells

Rank Stock Value
1
CIT
CIT Group Inc.
CIT
+$75.1M
2
CSC
Computer Sciences
CSC
+$41.4M
3
ADNT icon
Adient
ADNT
+$34M
4
CFG icon
Citizens Financial Group
CFG
+$26.6M
5
HPE icon
Hewlett Packard
HPE
+$24M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 25.85%
2 Miscellaneous 20.56%
3 Real Estate 14%
4 Technology 12.72%
5 Financials 10.91%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QQQ icon
1
PUT
Invesco QQQ Trust
QQQ
$475B
$206M 20.56%
+1,500,000
New +$206M
ADNT icon
2
Adient
ADNT
$1.44B
$131M 13.02%
2,000,000
-500,000
-20% -$34M
BNY
3
Bank of New York Mellon
BNY
$104B
$76.5M 7.62%
1,500,000
+250,000
+20% +$12M
FCE.A
4
DELISTED
Forest City Realty Trust, Inc.
FCE.A
$72.5M 7.22%
3,000,000
– –
GM icon
5
General Motors
GM
$75B
$69.9M 6.96%
2,000,000
-100,000
-5% -$3.4M
HPE icon
6
Hewlett Packard
HPE
$76.2B
$66.4M 6.61%
5,156,000
-1,726,229
-25% -$24M
DXC icon
7
DXC Technology
DXC
$1.93B
$61.4M 6.11%
+924,800
New +$61.4M
EBAY icon
8
eBay
EBAY
$47.7B
$52.4M 5.22%
1,500,000
– –
RITM icon
9
Rithm Capital
RITM
$5.41B
$46.7M 4.65%
3,000,000
– –
BKD icon
10
Brookdale Senior Living
BKD
$2.8B
$44.1M 4.39%
3,000,000
– –
AJRD
11
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$41.6M 4.14%
2,000,000
– –
LSXMK
12
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$31.3M 3.11%
984,710
– –
PJT icon
13
PJT Partners
PJT
$4B
$24.1M 2.4%
600,000
-325,000
-35% -$12.2M
FPH icon
14
Five Point Holdings
FPH
$360M
$21.4M 2.13%
+1,450,000
New +$22.1M
LSXMA
15
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$21M 2.09%
692,069
– –
CARS icon
16
Cars.com
CARS
$620M
$13.3M 1.33%
+500,000
New +$13.5M
CFG icon
17
Citizens Financial Group
CFG
$29.6B
$8.92M 0.89%
250,000
-750,000
-75% -$26.6M
SHLD
18
DELISTED
Sears Holding Corporation
SHLD
$6.64M 0.66%
750,000
-750,000
-50% -$7.01M
RAD
19
DELISTED
Rite Aid Corporation
RAD
$5.9M 0.59%
+100,000
New +$7.56M
AMPY icon
20
Amplify Energy
AMPY
$205M
$3.17M 0.32%
+250,000
New +$4.21M
ONIT
21
Onity Group
ONIT
$282M
– –
-266,667
Closed -$21.9M
NVLN
22
DELISTED
Novelion Therapeutics Inc. Common Shares
NVLN
– –
-599,998
Closed -$6.44M
CSC
23
DELISTED
Computer Sciences
CSC
– –
-600,000
Closed -$41.4M
CIT
24
DELISTED
CIT Group Inc.
CIT
– –
-1,750,000
Closed -$75.1M

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Kingstown Capital Management's Q2 2017 Portfolio in Review

As of Q2 2017, Kingstown Capital Management held 25 positions worth $1B, up 4.2% from $964M the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Kingstown Capital Management withdrew a net $157M in Q2 2017, closing 5 positions and reducing 6 holdings. Its most notable exit was CIT Group Inc., an estimated $75.1M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 26% of assets, down from 34% a quarter earlier, followed by Miscellaneous and Real Estate.

Against the trend, Kingstown Capital Management opened a new position in DXC Technology worth $61.4M.

  • Kingstown Capital Management's largest Q2 2017 buy was DXC Technology: 924,800 shares worth $61.4M.
  • Kingstown Capital Management added most to Bank of New York Mellon in Q2 2017, an estimated $12M increase.
  • Kingstown Capital Management's biggest Q2 2017 reduction was Adient, cutting an estimated $34M.
  • Kingstown Capital Management fully exited CIT Group Inc. in Q2 2017, selling an estimated $75.1M.
  • Kingstown Capital Management's ten largest holdings make up 82% of its $1B portfolio in Q2 2017.
  • Kingstown Capital Management opened 6 new positions and closed 5 in Q2 2017.
  • Kingstown Capital Management's portfolio value rose 4.2% quarter-over-quarter to $1B.

Based on Kingstown Capital Management's 13F filing for Q2 2017, filed 14 Aug 2017.