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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
-0.92%
1 Year Est. Return
-3.71%
3 Year Est. Return
+38.62%
5 Year Est. Return
+13.87%
10 Year Est. Return
–
AUM
$754M
AUM Growth
-$47.3M
Cap. Flow
-$86.4M
Cap. Flow %
-11.45%
Top 10 Hldgs %
78.58%
Holding
18
New
–
Increased
6
Reduced
3
Closed
1

Top Buys

Rank Stock Value
1
MDR
McDermott International
MDR
+$14M
2
EBAY icon
eBay
EBAY
+$8.66M
3
FG
FGL Holdings Ordinary Shares
FG
+$8.04M
4
RMNI icon
Rimini Street
RMNI
+$5.31M
5
GM icon
General Motors
GM
+$3.68M

Top Sells

Rank Stock Value
1
ADNT icon
Adient
ADNT
+$22.5M
2
DBRG icon
DigitalBridge
DBRG
+$18.7M
3
AABA
Altaba Inc
AABA
+$17.6M
4
PRSP
Perspecta Inc. Common Stock
PRSP
+$17.5M

Sector Composition

Rank Sector Weight
1 Technology 23.94%
2 Financials 17.78%
3 Consumer Discretionary 17.36%
4 Utilities 9.15%
5 Real Estate 8.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AABA
1
DELISTED
Altaba Inc
AABA
$85.2M 11.29%
1,250,000
-250,000
-17% -$17.6M
PCG icon
2
PG&E
PCG
$37.4B
$69M 9.15%
1,500,000
– –
MDR
3
DELISTED
McDermott International
MDR
$64.5M 8.55%
3,500,000
+750,000
+27% +$14M
DXC icon
4
DXC Technology
DXC
$1.77B
$56.1M 7.44%
600,000
– –
GM icon
5
General Motors
GM
$76.3B
$53.9M 7.14%
1,600,000
+100,000
+7% +$3.68M
FG
6
DELISTED
FGL Holdings Ordinary Shares
FG
$53.7M 7.12%
6,000,000
+900,000
+18% +$8.04M
BNY
7
Bank of New York Mellon
BNY
$108B
$53.5M 7.1%
1,050,000
+50,000
+5% +$2.63M
RITM icon
8
Rithm Capital
RITM
$5.55B
$53.5M 7.09%
3,000,000
– –
EBAY icon
9
eBay
EBAY
$48.9B
$49.5M 6.57%
1,500,000
+250,000
+20% +$8.66M
LSXMK
10
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$32.6M 4.32%
984,710
– –
PRSP
11
DELISTED
Perspecta Inc. Common Stock
PRSP
$32.1M 4.26%
1,250,000
-750,000
-38% -$17.5M
ADNT icon
12
Adient
ADNT
$1.45B
$27.5M 3.65%
700,000
-500,000
-42% -$22.5M
EQH icon
13
Equitable Holdings
EQH
$14.2B
$26.8M 3.56%
1,250,000
– –
LSXMA
14
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$21.7M 2.88%
692,069
– –
FPH icon
15
Five Point Holdings
FPH
$370M
$13.6M 1.81%
1,450,000
– –
RMNI icon
16
Rimini Street
RMNI
$462M
$7.1M 0.94%
1,125,000
+825,000
+275% +$5.31M
DBRG icon
17
DigitalBridge
DBRG
$2.95B
– –
-750,000
Closed -$18.7M

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Kingstown Capital Management's Q3 2018 Portfolio in Review

As of Q3 2018, Kingstown Capital Management held 18 positions worth $754M, down 5.9% from $801M the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Kingstown Capital Management withdrew a net $86.4M in Q3 2018, closing 1 position and reducing 3 holdings. Its most notable exit was DigitalBridge, an estimated $18.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 24% of assets, down from 25% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Kingstown Capital Management added an estimated $14M to McDermott International.

  • Kingstown Capital Management added most to McDermott International in Q3 2018, an estimated $14M increase.
  • Kingstown Capital Management's biggest Q3 2018 reduction was Adient, cutting an estimated $22.5M.
  • Kingstown Capital Management fully exited DigitalBridge in Q3 2018, selling an estimated $18.7M.
  • Kingstown Capital Management's ten largest holdings make up 79% of its $754M portfolio in Q3 2018.
  • Kingstown Capital Management opened 0 new positions and closed 1 in Q3 2018.
  • Kingstown Capital Management's portfolio value fell 5.9% quarter-over-quarter to $754M.

Based on Kingstown Capital Management's 13F filing for Q3 2018, filed 14 Nov 2018.