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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
+14.59%
1 Year Est. Return
-3.71%
3 Year Est. Return
+38.62%
5 Year Est. Return
+13.87%
10 Year Est. Return
–
AUM
$843M
AUM Growth
-$161M
Cap. Flow
-$262M
Cap. Flow %
-31.03%
Top 10 Hldgs %
81.62%
Holding
23
New
3
Increased
1
Reduced
8
Closed
6

Top Buys

Rank Stock Value
1
AABA
Altaba Inc
AABA
+$61.4M
2
CARS icon
Cars.com
CARS
+$44.4M
3
UHAL icon
U-Haul Holding Co
UHAL
+$36.4M
4
FG
FGL Holdings Ordinary Shares
FG
+$1.65M

Top Sells

Rank Stock Value
1
BKD icon
Brookdale Senior Living
BKD
+$44.1M
2
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$26.9M
3
HPE icon
Hewlett Packard
HPE
+$19.2M
4
FCE.A
Forest City Realty Trust, Inc.
FCE.A
+$18.4M
5
GM icon
General Motors
GM
+$18.3M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 32.8%
2 Technology 21.02%
3 Real Estate 13.62%
4 Financials 10.77%
5 Industrials 8.49%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADNT icon
1
Adient
ADNT
$1.69B
$168M 19.92%
2,000,000
– –
BNY
2
Bank of New York Mellon
BNY
$103B
$79.5M 9.43%
1,500,000
– –
AABA
3
DELISTED
Altaba Inc
AABA
$66.2M 7.86%
+1,000,000
New +$61.4M
GM icon
4
General Motors
GM
$80.9B
$60.6M 7.18%
1,500,000
-500,000
-25% -$18.3M
CARS icon
5
Cars.com
CARS
$722M
$59.9M 7.1%
2,250,000
+1,750,000
+350% +$44.4M
FCE.A
6
DELISTED
Forest City Realty Trust, Inc.
FCE.A
$57.4M 6.81%
2,250,000
-750,000
-25% -$18.4M
DXC icon
7
DXC Technology
DXC
$1.91B
$55.8M 6.62%
751,400
-173,400
-19% -$12.3M
HPE icon
8
Hewlett Packard
HPE
$58.8B
$55.2M 6.54%
3,750,000
-1,406,000
-27% -$19.2M
EBAY icon
9
eBay
EBAY
$51.2B
$48.1M 5.7%
1,250,000
-250,000
-17% -$9.09M
RITM icon
10
Rithm Capital
RITM
$5.58B
$37.6M 4.46%
2,250,000
-750,000
-25% -$12.3M
UHAL icon
11
U-Haul Holding Co
UHAL
$14B
$36.6M 4.33%
+975,000
New +$36.4M
AJRD
12
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$35M 4.15%
1,000,000
-1,000,000
-50% -$26.9M
LSXMK
13
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$31.4M 3.72%
984,710
– –
LSXMA
14
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$20.9M 2.48%
692,069
– –
FPH icon
15
Five Point Holdings
FPH
$387M
$19.8M 2.35%
1,450,000
– –
PJT icon
16
PJT Partners
PJT
$4.26B
$9.58M 1.14%
250,000
-350,000
-58% -$13.9M
FG
17
DELISTED
FGL Holdings Ordinary Shares
FG
$1.68M 0.2%
+150,000
New +$1.65M
AMPY icon
18
Amplify Energy
AMPY
$158M
– –
-250,000
Closed -$3.17M
BKD icon
19
Brookdale Senior Living
BKD
$3.55B
– –
-3,000,000
Closed -$44.1M
CFG icon
20
Citizens Financial Group
CFG
$30.1B
– –
-250,000
Closed -$8.92M
QQQ icon
21
PUT
Invesco QQQ Trust
QQQ
$436B
– –
-1,500,000
Closed -$206M
RAD
22
DELISTED
Rite Aid Corporation
RAD
– –
-100,000
Closed -$5.9M
SHLD
23
DELISTED
Sears Holding Corporation
SHLD
– –
-750,000
Closed -$6.64M

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Kingstown Capital Management's Q3 2017 Portfolio in Review

As of Q3 2017, Kingstown Capital Management held 23 positions worth $843M, down 16% from $1B the previous quarter. Its ten largest holdings account for 82% of the portfolio.

Kingstown Capital Management withdrew a net $262M in Q3 2017, closing 6 positions and reducing 8 holdings. Its most notable exit was Brookdale Senior Living, an estimated $44.1M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 33% of assets, up from 26% a quarter earlier, followed by Technology and Real Estate.

Against the trend, Kingstown Capital Management opened a new position in Altaba Inc worth $66.2M.

  • Kingstown Capital Management's largest Q3 2017 buy was Altaba Inc: 1,000,000 shares worth $66.2M.
  • Kingstown Capital Management added most to Cars.com in Q3 2017, an estimated $44.4M increase.
  • Kingstown Capital Management's biggest Q3 2017 reduction was Aerojet Rocketdyne Holdings, cutting an estimated $26.9M.
  • Kingstown Capital Management fully exited Brookdale Senior Living in Q3 2017, selling an estimated $44.1M.
  • Kingstown Capital Management's ten largest holdings make up 82% of its $843M portfolio in Q3 2017.
  • Kingstown Capital Management opened 3 new positions and closed 6 in Q3 2017.
  • Kingstown Capital Management's portfolio value fell 16% quarter-over-quarter to $843M.

Based on Kingstown Capital Management's 13F filing for Q3 2017, filed 14 Nov 2017.