$897 Million is the total value of Kingstown Capital's 21 reported holdings in Q3 2016. The portfolio turnover from Q2 2016 to Q3 2016 was 8.7% .
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| HPE | Sell | HEWLETT PACKARD ENTERPRISE C | $108,063,000 | +18.3% | 4,750,000 | -5.0% | 12.05% | +16.3% |
| CFG | Sell | CITIZENS FINL GROUP INC | $74,130,000 | +14.2% | 3,000,000 | -7.7% | 8.27% | +12.2% |
| NRZ | Sell | NEW RESIDENTIAL INVT CORP | $65,598,000 | -5.2% | 4,750,000 | -5.0% | 7.32% | -6.8% |
| GM | GENERAL MTRS CO | $63,540,000 | +12.3% | 2,000,000 | 0.0% | 7.08% | +10.4% | |
| CIT | Sell | CIT GROUP INC | $63,525,000 | -7.4% | 1,750,000 | -18.6% | 7.08% | -9.0% |
| BK | Sell | BANK NEW YORK MELLON CORP | $59,820,000 | -16.8% | 1,500,000 | -18.9% | 6.67% | -18.2% |
| BKD | Sell | BROOKDALE SR LIVING INC | $58,021,000 | +7.4% | 3,325,000 | -5.0% | 6.47% | +5.6% |
| AJRD | Sell | AEROJET ROCKETDYNE HLDGS INC | $52,740,000 | -17.6% | 3,000,000 | -14.3% | 5.88% | -18.9% |
| EBAY | Sell | EBAY INC | $49,350,000 | -15.7% | 1,500,000 | -40.0% | 5.50% | -17.1% |
| CSC | Buy | COMPUTER SCIENCES CORP | $45,684,000 | +144.9% | 875,000 | +132.9% | 5.09% | +140.7% |
| OCN | Sell | OCWEN FINL CORP | $31,195,000 | +60.7% | 8,500,000 | -25.1% | 3.48% | +58.0% |
| LSXMK | LIBERTY MEDIA CORP DELAWARE | $30,069,000 | +8.2% | 900,000 | 0.0% | 3.35% | +6.4% | |
| SHLDQ | Buy | SEARS HLDGS CORP | $29,796,000 | -12.4% | 2,600,000 | +4.0% | 3.32% | -13.9% |
| NAVI | Sell | NAVIENT CORP | $28,940,000 | -19.3% | 2,000,000 | -33.3% | 3.23% | -20.6% |
| PJT | Buy | PJT PARTNERS INC | $27,270,000 | +31.7% | 1,000,000 | +11.1% | 3.04% | +29.6% |
| MCDERMOTT INTL CVT PREFpfd conv | $26,550,000 | +2.7% | 1,500,000 | 0.0% | 2.96% | +1.0% | ||
| SXC | Sell | SUNCOKE ENERGY INC | $20,050,000 | -1.6% | 2,500,000 | -28.6% | 2.24% | -3.2% |
| NSM | NATIONSTAR MTG HLDGS INC | $19,994,000 | +31.5% | 1,350,000 | 0.0% | 2.23% | +29.3% | |
| KLXI | Sell | KLX INC | $19,360,000 | -50.0% | 550,000 | -56.0% | 2.16% | -50.9% |
| LSXMA | LIBERTY MEDIA CORP DELAWARE | $16,990,000 | +8.4% | 500,000 | 0.0% | 1.90% | +6.6% | |
| QLTI | QLT INC | $6,120,000 | +43.7% | 3,000,000 | 0.0% | 0.68% | +41.2% | |
| ARLZ | Exit | ARALEZ PHARMACEUTICALS INC | $0 | – | -408,869 | -100.0% | -0.15% | – |
| NGHC | Exit | NATIONAL GEN HLDGS CORP | $0 | – | -225,000 | -100.0% | -0.55% | – |
Original filings
The following EDGAR filing(s) were analyzed to create this report:
- View 13F-HR filed 2016-11-14
About Kingstown Capital
Kingstown Capital is a New York-based hedge fund that was founded in 2006 by Chris DeMuth Jr. The firm has a value-oriented investment strategy and focuses on small-cap stocks. Kingstown Capital has a team of experienced professionals, including Chris DeMuth Jr. as the CEO, and Andrew Berger as the COO and Chief Investment Officer.
The firm has a strong track record of generating alpha for its investors. According to its website, Kingstown Capital has delivered an annualized return of 16.5% since its inception, outperforming the S&P 500 by over 10% per year. The firm's investment philosophy is centered around identifying undervalued companies with strong fundamentals and a catalyst for change.
Kingstown Capital's portfolio is diversified across various sectors, including technology, healthcare, and consumer goods. Some of the firm's top holdings include Avis Budget Group, Inc., Liberty TripAdvisor Holdings, Inc., and The Meet Group, Inc.
In recent years, Kingstown Capital has been actively involved in shareholder activism. The firm has taken positions in companies such as Sotheby's, Ashford Hospitality Trust, and Mack-Cali Realty Corporation, and has pushed for changes in management and corporate strategy.
Overall, Kingstown Capital is a well-respected hedge fund with a strong track record of generating alpha for its investors. The firm's value-oriented investment strategy and experienced team make it a compelling option for stock market investors looking for exposure to small-cap stocks.
It's important to note that this information is for educational purposes only and has not been fact-checked. As with any investment, it's important to do your own research and consult with a financial advisor before making any investment decisions.
Top long-term holdings
| Name | Quarters owned | Latest quarter owned | Max weighting |
|---|---|---|---|
| GENERAL MTRS CO | 26 | Q3 2019 | 9.1% |
| LIBERTY MEDIA CORP DELAWARE | 22 | Q3 2021 | 5.7% |
| LIBERTY MEDIA CORP DELAWARE | 22 | Q3 2021 | 5.7% |
| EBAY INC | 18 | Q4 2019 | 11.4% |
| NEW RESIDENTIAL INVT CORP | 14 | Q4 2018 | 7.8% |
| SUNCOKE ENERGY INC | 14 | Q3 2016 | 6.7% |
| QLT INC | 14 | Q3 2016 | 3.0% |
| BANK NEW YORK MELLON CORP | 13 | Q3 2018 | 9.5% |
| OCWEN FINL CORP | 12 | Q1 2017 | 17.2% |
| CITIZENS FINL GROUP INC | 12 | Q2 2017 | 8.3% |
View Kingstown Capital's complete holdings history.
Latest significant ownerships (13-D/G)
| Filed | Shares | Percentage | |
|---|---|---|---|
| Intuitive Machines, Inc. | February 24, 2023 | 17,688,750 | 67.1% |
| Inflection Point Acquisition Corp. | December 07, 2022 | 11,143,750 | 27.0% |
| Rimini Street, Inc. | February 16, 2021 | 1,097,200 | 1.4% |
| Legacy Education Alliance, Inc. | February 14, 2018 | 1,175,000 | 5.1% |
| Furiex Pharmaceuticals, Inc. | January 26, 2011 | 473,491 | 4.8% |
| QLT INC/BC | November 24, 2010 | 2,135,478 | 4.2% |
View Kingstown Capital's complete significant-ownership history.
Latest filings
| Type | Filed |
|---|---|
| 4 | 2023-08-16 |
| 4 | 2023-07-18 |
| 4 | 2023-02-24 |
| SC 13D/A | 2023-02-24 |
| 4 | 2023-02-14 |
| SC 13D/A | 2022-12-07 |
| 13F-HR | 2022-11-14 |
| 13F-HR | 2022-08-15 |
| 13F-HR | 2022-05-16 |
| 13F-HR | 2022-02-14 |
View Kingstown Capital's complete filings history.
All filings
- Holdings (13F-HR)
- Significant ownership (13-D/G)
- Insider transactions (4, 5, 6)
- Events (8-K)
- Shareholder votes (proxy)
View complete filings history.