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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
-3.89%
1 Year Est. Return
-3.71%
3 Year Est. Return
+38.62%
5 Year Est. Return
+13.87%
10 Year Est. Return
–
AUM
$674M
AUM Growth
-$177M
Cap. Flow
-$142M
Cap. Flow %
-21.08%
Top 10 Hldgs %
91%
Holding
19
New
1
Increased
4
Reduced
4
Closed
5

Top Buys

Rank Stock Value
1
PCG icon
PG&E
PCG
+$21.2M
2
FG
FGL Holdings Ordinary Shares
FG
+$20.6M
3
GE icon
GE Aerospace
GE
+$19.3M
4
AABA
Altaba Inc
AABA
+$18.8M
5
RITM icon
Rithm Capital
RITM
+$12.8M

Top Sells

Rank Stock Value
1
HPE icon
Hewlett Packard
HPE
+$53.9M
2
CARS icon
Cars.com
CARS
+$43.3M
3
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$31.2M
4
FCE.A
Forest City Realty Trust, Inc.
FCE.A
+$30.1M
5
BNY
Bank of New York Mellon
BNY
+$27.8M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 28.93%
2 Technology 25.83%
3 Financials 14.96%
4 Real Estate 10.4%
5 Utilities 9.78%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AABA
1
DELISTED
Altaba Inc
AABA
$111M 16.49%
1,500,000
+250,000
+20% +$18.8M
ADNT icon
2
Adient
ADNT
$1.69B
$100M 14.86%
1,675,000
-325,000
-16% -$21.7M
PCG icon
3
PG&E
PCG
$39B
$65.9M 9.78%
1,500,000
+500,000
+50% +$21.2M
DXC icon
4
DXC Technology
DXC
$1.91B
$60.3M 8.96%
693,600
-57,800
-8% -$5.06M
GM icon
5
General Motors
GM
$80.9B
$54.5M 8.09%
1,500,000
– –
BNY
6
Bank of New York Mellon
BNY
$103B
$51.5M 7.65%
1,000,000
-500,000
-33% -$27.8M
RITM icon
7
Rithm Capital
RITM
$5.58B
$49.4M 7.33%
3,000,000
+750,000
+33% +$12.8M
FG
8
DELISTED
FGL Holdings Ordinary Shares
FG
$49.2M 7.31%
4,850,000
+2,100,000
+76% +$20.6M
EBAY icon
9
eBay
EBAY
$51.2B
$40.2M 5.97%
1,000,000
-250,000
-20% -$10.3M
LSXMK
10
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$30.6M 4.55%
984,710
– –
FPH icon
11
Five Point Holdings
FPH
$387M
$20.7M 3.07%
1,450,000
– –
LSXMA
12
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$20.6M 3.05%
692,069
– –
GE icon
13
GE Aerospace
GE
$364B
$16.9M 2.5%
+260,828
New +$19.3M
RMNI icon
14
Rimini Street
RMNI
$457M
$2.57M 0.38%
300,000
– –
CARS icon
15
Cars.com
CARS
$722M
– –
-1,500,000
Closed -$43.3M
HPE icon
16
Hewlett Packard
HPE
$58.8B
– –
-3,750,000
Closed -$53.9M
PJT icon
17
PJT Partners
PJT
$4.26B
– –
-250,000
Closed -$11.4M
AJRD
18
DELISTED
Aerojet Rocketdyne Holdings
AJRD
– –
-1,000,000
Closed -$31.2M
FCE.A
19
DELISTED
Forest City Realty Trust, Inc.
FCE.A
– –
-1,250,000
Closed -$30.1M

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PGM
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VCA
VIEX Capital Advisors Sunny Isles Beach, Florida $30.9M AUM 55.48% 1-Year Est. Return
LUGPSI
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SAM
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SHI
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KL
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GX
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Kingstown Capital Management's Q1 2018 Portfolio in Review

As of Q1 2018, Kingstown Capital Management held 19 positions worth $674M, down 21% from $851M the previous quarter. Its ten largest holdings account for 91% of the portfolio.

Kingstown Capital Management withdrew a net $142M in Q1 2018, closing 5 positions and reducing 4 holdings. Its most notable exit was Hewlett Packard, an estimated $53.9M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 29% of assets, down from 31% a quarter earlier, followed by Technology and Financials.

Against the trend, Kingstown Capital Management opened a new position in GE Aerospace worth $16.9M.

  • Kingstown Capital Management's largest Q1 2018 buy was GE Aerospace: 260,828 shares worth $16.9M.
  • Kingstown Capital Management added most to PG&E in Q1 2018, an estimated $21.2M increase.
  • Kingstown Capital Management's biggest Q1 2018 reduction was Bank of New York Mellon, cutting an estimated $27.8M.
  • Kingstown Capital Management fully exited Hewlett Packard in Q1 2018, selling an estimated $53.9M.
  • Kingstown Capital Management's ten largest holdings make up 91% of its $674M portfolio in Q1 2018.
  • Kingstown Capital Management opened 1 new position and closed 5 in Q1 2018.
  • Kingstown Capital Management's portfolio value fell 21% quarter-over-quarter to $674M.

Based on Kingstown Capital Management's 13F filing for Q1 2018, filed 15 May 2018.