Kingstown Capital Management L.P.
- SEC CIK
- 0001458425
- Latest filing
- Nov 14, 2022
The latest 13F from Kingstown Capital Management L.P. covers Q3 2022 (filed Nov 14, 2022): 47 long positions worth $30.4M. The top 10 holdings make up 98.4% of the portfolio, and the largest is Inflection Point Acqustn Cor at 94.9%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2021.
What changed in Q3 2022
Share counts compared with Q2 2022: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.
- New
- 3
- Est. +$303.0K
- Added
- 0
- Reduced
- 2
- Est. −$50.7K
- Sold out
- 19
- Est. −$29.9M
Top 5 holdings
Share of this quarter's portfolio value
Biggest buys
New and added positions, by estimated amount bought
- TH International LtdG8656L114+$155.0KNew
- Mondee Holdings, Inc.465712115+$128.0KNew
- Semantix IncG6332A114+$20.0KNew
Largest weight increases
New and added positions, by percentage points of the portfolio gained
- TH International LtdG8656L114+0.51 pp0.0% → 0.5%
- Mondee Holdings, Inc.465712115+0.42 pp0.0% → 0.4%
- Semantix IncG6332A114+0.07 pp0.0% → 0.1%
Biggest sells
Reduced and sold-out positions, by estimated amount sold
- Corazon Capital V838 MonocerG24237102−$2.69MSold out
- Bridgetown Holdings LtdG1355U113−$2.48MSold out
- CSTAFConstellation Acquisition Corp I
- Ares Acquisition CorporationG33032106−$2.46MSold out
- Hamilton Lane Alliance Hldgs40749M103−$2.46MSold out
Largest weight decreases
Reduced and sold-out positions, by percentage points of the portfolio lost
- Corazon Capital V838 MonocerG24237102−4.45 pp4.5% → 0.0%
- Bridgetown Holdings LtdG1355U113−4.11 pp4.1% → 0.0%
- CSTAFConstellation Acquisition Corp I
- Ares Acquisition CorporationG33032106−4.07 pp4.1% → 0.0%
- Hamilton Lane Alliance Hldgs40749M103−4.06 pp4.1% → 0.0%
Metrics
13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.
- Portfolio value
- $30.4M
- −$30.0M (−49.7%) vs. prior quarter
- Positions
- 47
- −16 vs. prior quarter
- Top 10 concentration
- 98.4%
- Top 10 as share of value
- Turnover
- 0.7%
- Q3 2022, one quarter
- Average holding period
- 5.0 quarters
- Weighted by value
How these are calculated
- Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
- Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
- Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
- Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.
13F filings by quarter
7 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.
Peak $290.8M (Q1 2021)
| Quarter | Filed | Positions | Value | Top 3 holdings | Changes | Filing |
|---|---|---|---|---|---|---|
| Q3 2022 | Nov 14, 2022 | 47 | $30.4M | Inflection Point Acqustn CorPSFETH International Ltd | vs. Q2 2022 | SEC |
| Q2 2022 | Aug 15, 2022 | 63 | $60.4M | Inflection Point Acqustn CorCorazon Capital V838 MonocerBridgetown Holdings Ltd | vs. Q1 2022 | SEC |
| Q1 2022 | May 16, 2022 | 68 | $65.9M | Inflection Point Acqustn CorCorazon Capital V838 MonocerBridgetown Holdings Ltd | vs. Q4 2021 | SEC |
| Q4 2021 | Feb 14, 2022 | 70 | $79.5M | Inflection Point Acqustn CorCorazon Capital V838 MonocerBridgetown Holdings Ltd | vs. Q3 2021 | SEC |
| Q3 2021 | Nov 15, 2021 | 79 | $100.0M | Inflection Point Acqustn CorCorazon Capital V838 MonocerMSFT | vs. Q2 2021 | SEC |
| Q2 2021 | Aug 16, 2021 | 101 | $167.4M | BABAMETAMSFT | vs. Q1 2021 | SEC |
| Q1 2021 | May 17, 2021 | 99 | $290.8M | METAGSVanEck ETF Trust | – | SEC |
13D and 13G filings
Companies where Kingstown Capital Management L.P. reports owning 5% or more on Schedule 13D or 13G, and its latest filings.
Current stakes of 5% or more
Kingstown Capital Management L.P. does not currently report owning 5% or more of any company.
Latest filings
7 filings on file made by Kingstown Capital Management L.P. or listing it as a reporting person, newest first.
| Company | Filed (ET) | Filer | Form | Stake | Change | Event date | Filing |
|---|---|---|---|---|---|---|---|
| LUNRIntuitive Machines, Inc. | May 15, 20257:55 PM ET | Shanon Guyand 4 others | 13G/A | 4.10%4.81M shares | −3.90 ppfrom 8.00%Below 5% | Mar 31, 2025 | SEC |
| LUNRIntuitive Machines, Inc. | Feb 14, 20258:16 PM ET | Shanon Guyand 4 others | 13G/A | 8.00%7.77M shares | – | Dec 31, 2024 | SEC |
| LUNRIntuitive Machines, Inc. | Feb 24, 2023 | Kingstown Capital Management L.P. | 13D/AOld format | – | – | – | SEC |
| LUNRIntuitive Machines, Inc. | Dec 7, 2022 | Kingstown Capital Management L.P. | 13D/AOld format | – | – | – | SEC |
| LUNRIntuitive Machines, Inc. | Nov 2, 2021 | Kingstown Capital Management L.P. | 13D/AOld format | – | – | – | SEC |
| LUNRIntuitive Machines, Inc. | Oct 4, 2021 | Kingstown Capital Management L.P. | 13DOld format | – | New | – | SEC |
| RMNIRimini Street, Inc. | Feb 16, 2021 | Kingstown Capital Management L.P. | 13G/AOld format | – | – | – | SEC |