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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
+19.61%
1 Year Est. Return
-3.71%
3 Year Est. Return
+38.62%
5 Year Est. Return
+13.87%
10 Year Est. Return
–
AUM
$487M
AUM Growth
+$26.7M
Cap. Flow
-$93.6M
Cap. Flow %
-19.21%
Top 10 Hldgs %
90.98%
Holding
17
New
2
Increased
5
Reduced
4
Closed
2

Top Buys

Rank Stock Value
1
KKR icon
KKR & Co
KKR
+$11.4M
2
TME icon
Tencent Music
TME
+$9.98M
3
DXC icon
DXC Technology
DXC
+$6.39M
4
MDR
McDermott International
MDR
+$6.18M
5
EQH icon
Equitable Holdings
EQH
+$4.29M

Top Sells

Rank Stock Value
1
PCG icon
PG&E
PCG
+$29.7M
2
GM icon
General Motors
GM
+$28.5M
3
RITM icon
Rithm Capital
RITM
+$21.3M
4
EBAY icon
eBay
EBAY
+$8.67M
5
LSXMK
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
+$3.96M

Sector Composition

Rank Sector Weight
1 Technology 26.92%
2 Financials 21.98%
3 Consumer Discretionary 15.24%
4 Industrials 9.16%
5 Communication Services 8.82%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AABA
1
DELISTED
Altaba Inc
AABA
$74.1M 15.21%
1,000,000
– –
EBAY icon
2
eBay
EBAY
$51.2B
$55.7M 11.43%
1,500,000
-250,000
-14% -$8.67M
FG
3
DELISTED
FGL Holdings Ordinary Shares
FG
$55.1M 11.31%
7,000,000
+325,000
+5% +$2.58M
DXC icon
4
DXC Technology
DXC
$1.91B
$51.4M 10.56%
800,000
+100,000
+14% +$6.39M
MDR
5
DELISTED
McDermott International
MDR
$44.6M 9.16%
6,000,000
+750,000
+14% +$6.18M
TME icon
6
Tencent Music
TME
$15.9B
$43M 8.82%
2,375,000
+625,000
+36% +$9.98M
EQH icon
7
Equitable Holdings
EQH
$13.2B
$40.3M 8.27%
2,000,000
+225,000
+13% +$4.29M
GM icon
8
General Motors
GM
$80.9B
$18.6M 3.81%
500,000
-750,000
-60% -$28.5M
LSXMK
9
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$15.3M 3.14%
525,179
-131,295
-20% -$3.96M
LSXMA
10
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$15.3M 3.13%
553,655
-138,414
-20% -$3.95M
KKR icon
11
KKR & Co
KKR
$89.1B
$11.7M 2.41%
+500,000
New +$11.4M
FPH icon
12
Five Point Holdings
FPH
$387M
$10.5M 2.15%
1,450,000
– –
RMNI icon
13
Rimini Street
RMNI
$457M
$5.63M 1.15%
1,125,000
– –
MDLY
14
DELISTED
Medley Management Inc
MDLY
$858K 0.18%
+25,000
New +$953K
PCG icon
15
PG&E
PCG
$39B
– –
-1,250,000
Closed -$29.7M
RITM icon
16
Rithm Capital
RITM
$5.58B
– –
-1,500,000
Closed -$21.3M

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PGM
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VCA
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LUGPSI
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SAM
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SHI
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KL
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Kingstown Capital Management's Q1 2019 Portfolio in Review

As of Q1 2019, Kingstown Capital Management held 17 positions worth $487M, up 5.8% from $461M the previous quarter. Its ten largest holdings account for 91% of the portfolio.

Kingstown Capital Management withdrew a net $93.6M in Q1 2019, closing 2 positions and reducing 4 holdings. Its most notable exit was PG&E, an estimated $29.7M position sold in full.

By sector, the portfolio is most concentrated in Technology at 27% of assets, up from 22% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Kingstown Capital Management opened a new position in KKR & Co worth $11.7M.

  • Kingstown Capital Management's largest Q1 2019 buy was KKR & Co: 500,000 shares worth $11.7M.
  • Kingstown Capital Management added most to Tencent Music in Q1 2019, an estimated $9.98M increase.
  • Kingstown Capital Management's biggest Q1 2019 reduction was General Motors, cutting an estimated $28.5M.
  • Kingstown Capital Management fully exited PG&E in Q1 2019, selling an estimated $29.7M.
  • Kingstown Capital Management's ten largest holdings make up 91% of its $487M portfolio in Q1 2019.
  • Kingstown Capital Management opened 2 new positions and closed 2 in Q1 2019.
  • Kingstown Capital Management's portfolio value rose 5.8% quarter-over-quarter to $487M.

Based on Kingstown Capital Management's 13F filing for Q1 2019, filed 15 May 2019.