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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
-2.41%
1 Year Est. Return
-3.71%
3 Year Est. Return
+38.62%
5 Year Est. Return
+13.87%
10 Year Est. Return
–
AUM
$100M
AUM Growth
-$67.4M
Cap. Flow
-$63.8M
Cap. Flow %
-63.79%
Top 10 Hldgs %
55.59%
Holding
103
New
2
Increased
29
Reduced
9
Closed
24

Top Buys

Rank Stock Value
1
IPAXU
Inflection Point Acquisition Corp. Units
IPAXU
+$28.6M
2
RSVRW
Reservoir Media Inc Warrant
RSVRW
+$208K
3
HTPA.WS
Highland Transcend Partners I Corp. Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
HTPA.WS
+$140K
4
WALDW icon
Waldencast PLC Warrant
WALDW
+$37.1K
5
AUS.WS
Austerlitz Acquisition Corporation I Warrants, each whole Warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
AUS.WS
+$14.8K

Top Sells

Rank Stock Value
1
BABA icon
Alibaba
BABA
+$8.5M
2
TME icon
Tencent Music
TME
+$5.42M
3
GDX icon
VanEck Gold Miners ETF
GDX
+$5.1M
4
FCN icon
FTI Consulting
FCN
+$4.78M
5
WIX icon
WIX.com
WIX
+$4.72M

Sector Composition

Rank Sector Weight
1 Financials 43.74%
2 Technology 5.62%
3 Communication Services 3.06%
4 Industrials 2.92%
5 Consumer Discretionary 0.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IPAXU
1
DELISTED
Inflection Point Acquisition Corp. Units
IPAXU
$28.7M 28.65%
+2,900,000
New +$28.6M
CRZN
2
DELISTED
Corazon Capital V838 Monoceros Corp Class A Ordinary Shares
CRZN
$3.16M 3.16%
325,000
– –
MSFT icon
3
Microsoft
MSFT
$2.9T
$3.1M 3.1%
11,000
-14,000
-56% -$4.07M
META icon
4
Meta Platforms (Facebook)
META
$1.49T
$3.06M 3.06%
9,000
-11,000
-55% -$3.96M
FRGE
5
DELISTED
Forge Global Holdings
FRGE
$2.97M 2.97%
20,000
– –
BTWN
6
DELISTED
Bridgetown Holdings Limited Class A Ordinary Shares
BTWN
$2.94M 2.94%
300,000
– –
RKTA
7
DELISTED
Rocket Internet Growth Opportunities Corp.
RKTA
$2.93M 2.93%
300,000
– –
CSTA
8
DELISTED
Constellation Acquisition Corp I
CSTA
$2.93M 2.93%
300,000
– –
COVA
9
DELISTED
COVA Acquisition Corp. Class A Ordinary Share
COVA
$2.92M 2.93%
300,000
– –
KAHC
10
DELISTED
KKR Acquisition Holdings I Corp.
KAHC
$2.92M 2.93%
300,000
– –
ASZ
11
DELISTED
Austerlitz Acquisition Corporation II
ASZ
$2.92M 2.93%
300,000
– –
AAC
12
DELISTED
Ares Acquisition Corporation
AAC
$2.92M 2.92%
300,000
– –
LCAA
13
DELISTED
L Catterton Asia Acquisition Corp Class A Ordinary Shares
LCAA
$2.92M 2.92%
300,000
– –
FRON
14
DELISTED
Frontier Acquisition Corp. Class A Ordinary Shares
FRON
$2.92M 2.92%
300,000
– –
IRAA
15
DELISTED
Iris Acquisition Corp Class A Common Stock
IRAA
$2.91M 2.91%
300,000
– –
HLAH
16
DELISTED
Hamilton Lane Alliance Holdings I, Inc. Class A Common Stock
HLAH
$2.91M 2.91%
300,000
– –
BX icon
17
Blackstone
BX
$104B
$2.33M 2.33%
20,000
-30,000
-60% -$3.48M
FMAC
18
DELISTED
FirstMark Horizon Acquisition Corp.
FMAC
$2.21M 2.21%
225,000
– –
ACII
19
DELISTED
Atlas Crest Investment Corp. II
ACII
$1.95M 1.95%
200,000
-200,000
-50% -$1.94M
GS icon
20
Goldman Sachs
GS
$289B
$1.89M 1.89%
5,000
-10,000
-67% -$3.91M
LSXMK
21
DELISTED
Liberty Media Corporation Series C Liberty SiriusXM Common Stock
LSXMK
$1.42M 1.42%
38,730
-45,185
-54% -$1.66M
LSXMA
22
DELISTED
Liberty Media Corporation Series A Liberty SiriusXM Common Stock
LSXMA
$1.42M 1.42%
40,830
-47,635
-54% -$1.66M
ASTS icon
23
AST SpaceMobile
ASTS
$15.8B
$1.35M 1.35%
125,000
-25,000
-17% -$280K
PSFE icon
24
Paysafe
PSFE
$443M
$1.16M 1.16%
12,500
– –
RSVRW
25
DELISTED
Reservoir Media Inc Warrant
RSVRW
$891K 0.89%
450,000
+150,000
+50% +$208K
1
2 3 4 5

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Kingstown Capital Management's Q3 2021 Portfolio in Review

As of Q3 2021, Kingstown Capital Management held 103 positions worth $100M, down 40% from $167M the previous quarter. Its ten largest holdings account for 56% of the portfolio.

Kingstown Capital Management withdrew a net $63.8M in Q3 2021, closing 24 positions and reducing 9 holdings. Its most notable exit was Alibaba, an estimated $8.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 44% of assets, up from 43% a quarter earlier, followed by Technology and Communication Services.

Against the trend, Kingstown Capital Management opened a new position in Inflection Point Acquisition Corp. Units worth $28.7M.

  • Kingstown Capital Management's largest Q3 2021 buy was Inflection Point Acquisition Corp. Units: 2,900,000 shares worth $28.7M.
  • Kingstown Capital Management added most to Reservoir Media Inc Warrant in Q3 2021, an estimated $208K increase.
  • Kingstown Capital Management's biggest Q3 2021 reduction was Microsoft, cutting an estimated $4.07M.
  • Kingstown Capital Management fully exited Alibaba in Q3 2021, selling an estimated $8.5M.
  • Kingstown Capital Management's ten largest holdings make up 56% of its $100M portfolio in Q3 2021.
  • Kingstown Capital Management opened 2 new positions and closed 24 in Q3 2021.
  • Kingstown Capital Management's portfolio value fell 40% quarter-over-quarter to $100M.

Based on Kingstown Capital Management's 13F filing for Q3 2021, filed 15 Nov 2021.