Kingstown Capital Management L.p. Buys FGL Holdings, Interactive Brokers Group Inc, Cerner Corp, Sells Alibaba Group Holding, KKR Inc, eBay Inc

Author's Avatar
May 16, 2020
Article's Main Image
New York, NY, based Investment company Kingstown Capital Management L.p. (Current Portfolio) buys FGL Holdings, Interactive Brokers Group Inc, Cerner Corp, FirstEnergy Corp, Goldman Sachs Group Inc, sells Alibaba Group Holding, KKR Inc, eBay Inc, RealPage Inc, Five Point Holdings LLC during the 3-months ended 2020Q1, according to the most recent filings of the investment company, Kingstown Capital Management L.p.. As of 2020Q1, Kingstown Capital Management L.p. owns 20 stocks with a total value of $585 million. These are the details of the buys and sells.

For the details of KINGSTOWN CAPITAL MANAGEMENT L.P.'s stock buys and sells, go to https://www.gurufocus.com/guru/kingstown+capital+management+l.p./current-portfolio/portfolio

These are the top 5 holdings of KINGSTOWN CAPITAL MANAGEMENT L.P.
  1. FGL Holdings (FG) - 11,000,000 shares, 18.42% of the total portfolio. Shares added by 100.00%
  2. Interactive Brokers Group Inc (IBKR) - 1,000,000 shares, 7.38% of the total portfolio. New Position
  3. Cerner Corp (CERN) - 650,000 shares, 7.00% of the total portfolio. New Position
  4. Tencent Music Entertainment Group (TME) - 4,000,000 shares, 6.88% of the total portfolio. Shares added by 10.34%
  5. FirstEnergy Corp (FE) - 1,000,000 shares, 6.85% of the total portfolio. New Position
New Purchase: Interactive Brokers Group Inc (IBKR)

Kingstown Capital Management L.p. initiated holding in Interactive Brokers Group Inc. The purchase prices were between $35.28 and $57, with an estimated average price of $48.45. The stock is now traded at around $37.24. The impact to a portfolio due to this purchase was 7.38%. The holding were 1,000,000 shares as of .

New Purchase: Cerner Corp (CERN)

Kingstown Capital Management L.p. initiated holding in Cerner Corp. The purchase prices were between $54.7 and $80.23, with an estimated average price of $71.32. The stock is now traded at around $65.11. The impact to a portfolio due to this purchase was 7%. The holding were 650,000 shares as of .

New Purchase: FirstEnergy Corp (FE)

Kingstown Capital Management L.p. initiated holding in FirstEnergy Corp. The purchase prices were between $33.19 and $52.27, with an estimated average price of $46.63. The stock is now traded at around $39.29. The impact to a portfolio due to this purchase was 6.85%. The holding were 1,000,000 shares as of .

New Purchase: Goldman Sachs Group Inc (GS)

Kingstown Capital Management L.p. initiated holding in Goldman Sachs Group Inc. The purchase prices were between $134.97 and $249.72, with an estimated average price of $213.5. The stock is now traded at around $171.87. The impact to a portfolio due to this purchase was 6.6%. The holding were 250,000 shares as of .

New Purchase: Northern Trust Corp (NTRS)

Kingstown Capital Management L.p. initiated holding in Northern Trust Corp. The purchase prices were between $62.22 and $109.38, with an estimated average price of $92.33. The stock is now traded at around $71.13. The impact to a portfolio due to this purchase was 6.45%. The holding were 500,000 shares as of .

New Purchase: Twitter Inc (TWTR)

Kingstown Capital Management L.p. initiated holding in Twitter Inc. The purchase prices were between $22 and $39.05, with an estimated average price of $32.44. The stock is now traded at around $29.00. The impact to a portfolio due to this purchase was 6.3%. The holding were 1,500,000 shares as of .

Added: FGL Holdings (FG)

Kingstown Capital Management L.p. added to a holding in FGL Holdings by 100.00%. The purchase prices were between $8.34 and $12.17, with an estimated average price of $10.58. The stock is now traded at around $10.31. The impact to a portfolio due to this purchase was 9.21%. The holding were 11,000,000 shares as of .

Added: Liberty SiriusXM Group (LSXMK)

Kingstown Capital Management L.p. added to a holding in Liberty SiriusXM Group by 50.00%. The purchase prices were between $24.74 and $51.14, with an estimated average price of $44.24. The stock is now traded at around $31.44. The impact to a portfolio due to this purchase was 1.08%. The holding were 600,000 shares as of .

Added: Liberty SiriusXM Group (LSXMA)

Kingstown Capital Management L.p. added to a holding in Liberty SiriusXM Group by 50.00%. The purchase prices were between $23.31 and $50.93, with an estimated average price of $43.98. The stock is now traded at around $31.80. The impact to a portfolio due to this purchase was 1.08%. The holding were 600,000 shares as of .

Sold Out: Alibaba Group Holding Ltd (BABA)

Kingstown Capital Management L.p. sold out a holding in Alibaba Group Holding Ltd. The sale prices were between $176.34 and $230.48, with an estimated average price of $209.23.

Sold Out: KKR & Co Inc (KKR)

Kingstown Capital Management L.p. sold out a holding in KKR & Co Inc. The sale prices were between $18.5 and $33.93, with an estimated average price of $28.84.

Sold Out: eBay Inc (EBAY)

Kingstown Capital Management L.p. sold out a holding in eBay Inc. The sale prices were between $26.34 and $38.49, with an estimated average price of $34.92.

Sold Out: RealPage Inc (RP)

Kingstown Capital Management L.p. sold out a holding in RealPage Inc. The sale prices were between $42.69 and $64.38, with an estimated average price of $57.01.

Sold Out: Five Point Holdings LLC (FPH)

Kingstown Capital Management L.p. sold out a holding in Five Point Holdings LLC. The sale prices were between $3.83 and $9.16, with an estimated average price of $7.3.

Sold Out: Rimini Street Inc (RMNI)

Kingstown Capital Management L.p. sold out a holding in Rimini Street Inc. The sale prices were between $3.54 and $5.31, with an estimated average price of $4.45.



Here is the complete portfolio of KINGSTOWN CAPITAL MANAGEMENT L.P.. Also check out:

1. KINGSTOWN CAPITAL MANAGEMENT L.P.'s Undervalued Stocks
2. KINGSTOWN CAPITAL MANAGEMENT L.P.'s Top Growth Companies, and
3. KINGSTOWN CAPITAL MANAGEMENT L.P.'s High Yield stocks
4. Stocks that KINGSTOWN CAPITAL MANAGEMENT L.P. keeps buying