Vodafone Group Plc (ADR) (VOD), General Motors Company (GM) Among Kingstown Capital’s ‘Killer’ Stock Picks

Page 1 of 2

With a medium-sized equity portfolio and assets under management worth $977 million, Kingstown Capital Management is a hedge fund founded and managed by Michael Blitzer. In this piece we will discover the top five picks in the equity portfolio of Kingstown Capital. Among them you will find Vodafone Group Plc (ADR) (NASDAQ:VOD), General Motors Company (NYSE:GM), and Forest City Enterprises, Inc. (NYSE:FCE.A).

Vodafone Group Plc (ADR) (NASDAQ:VOD)But before we get started, we suggest you read our definition of a hedge fund. This will provide you some insights from the investment world.

As follows, the largest stake in terms of value is Vodafone Group Plc (ADR) (NASDAQ:VOD), in which the hedge fund owns 1.6 million shares, worth $45.5 million. Kingstown Capital raised its stake by 100,000 shares during the first three months of 2013. The stock of Vodafone Group Plc (ADR) (NASDAQ:VOD) has a year-to-date return of over 19% and sports a trailing P/E of 233.1x.

Also, according to the latest 13F filing with the Securities and Exchange Commission, the second-largest position in Kingstown’s equity portfolio is held by General Motors Company (NYSE:GM). The hedge fund disclosed ownership of 1.5 million shares of the company, worth $41.7 million. The stake increased by 25% over the quarter.

The next on the list we should mention is a $40 million stake in Forest City Enterprises, Inc. (NYSE:FCE.A). The stake contains 2.25 million shares, up by 100,000 shares over the quarter. Aside from Kingstown, there are 20 other hedge funds that reported stakes in Forest City Enterprises, Inc. (NYSE:FCE.A) during the first three months of the year.

The fourth-largest on our list of most valuable picks is General Dynamics Corporation (NYSE:GD), represented in the Kingstown Capital’s 13F portfolio by 550,000 shares, the value of the stake amounting to $38.8 million. In the last quarter of 2012, the hedge fund owned 650,000 shares, worth $45 million. The stock of General Dynamics Corporation (NYSE:GD) returned over 26% year-to-date.

Who’s last?

Page 1 of 2
blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 44 percentage points in 21 months Learn how!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!