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KPF

K2 Principal Fund Portfolio holdings

AUM $1.43B
1-Year Est. Return 29.56%
This Fund
S&P 500
This Quarter Est. Return
+5.24%
1 Year Est. Return
+29.56%
3 Year Est. Return
+71.66%
5 Year Est. Return
+57.43%
10 Year Est. Return
+278.66%
AUM
$828M
AUM Growth
+$43.8M
Cap. Flow
-$46.5M
Cap. Flow %
-5.61%
Top 10 Hldgs %
17.92%
Holding
425
New
134
Increased
44
Reduced
44
Closed
148

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$8.4M
2
LLL
L3 Technologies, Inc.
LLL
+$8.23M
3
GXGXU
GX Acquisiton Corp. Unit
GXGXU
+$8.03M
4
RPLA.U
Replay Acquisition Corp.
RPLA.U
+$7.87M
5
HYACU
Haymaker Acquisition Corp. II Unit
HYACU
+$6.07M

Top Sells

Rank Stock Value
1
VEAC
Vantage Energy Acquisition Corp. Class A
VEAC
+$12.1M
2
THCBU
Tuscan Holdings Corp. Unit
THCBU
+$8.93M
3
KXIN icon
Kaixin Holdings
KXIN
+$8.06M
4
TVPT
Travelport Worldwide Limited
TVPT
+$7.57M
5
LEXEA
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
+$6.1M

Sector Composition

Rank Sector Weight
1 Industrials 7.84%
2 Communication Services 6.63%
3 Technology 6.37%
4 Consumer Discretionary 2.84%
5 Financials 1.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FMCIW
251
DELISTED
Forum Merger II Corporation Warrant
FMCIW
$25K ﹤0.01%
+39,400
New +$20.5K
ALACW
252
DELISTED
Alberton Acquisition Corp Warrant
ALACW
$23K ﹤0.01%
+208,800
New +$16.9K
NRXPW
253
DELISTED
NRX Pharmaceuticals Warrant
NRXPW
$22K ﹤0.01%
+101,200
New +$17.9K
LACQW
254
DELISTED
Leisure Acquisition Corp. Warrant
LACQW
$19K ﹤0.01%
+35,400
New +$21K
DPHCW
255
DELISTED
DiamondPeak Holdings Corp. Warrant
DPHCW
$13K ﹤0.01%
+15,633
New +$13.7K
DDMXW
256
DELISTED
DD3 Acquisition Corp. Warrants
DDMXW
$4K ﹤0.01%
+19,800
New +$5.58K
LGC.WS
257
DELISTED
Legacy Acquisition Corp. Warrants, exercisable for one-half of one share of Class A Common Stock for
LGC.WS
$3K ﹤0.01%
+10,000
New +$2.86K
MMDMR
258
DELISTED
Modern Media Acquisition Corp. Right
MMDMR
$3K ﹤0.01%
+10,093
New +$2.9K
AMD icon
259
CALL
Advanced Micro Devices
AMD
$851B
– –
-45,000
Closed -$1.15M
ASHR icon
260
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.55B
– –
-200,000
Closed -$5.75M
FRMM
261
Forum Markets
FRMM
$75.7M
– –
-92
Closed -$3.63M
BA icon
262
CALL
Boeing
BA
$165B
– –
-4,000
Closed -$1.53M
BA icon
263
Boeing
BA
$165B
– –
-3,200
Closed -$1.22M
BG icon
264
CALL
Bunge Global
BG
$23.6B
– –
-40,000
Closed -$2.12M
BHP icon
265
PUT
BHP
BHP
$213B
– –
-22,420
Closed -$1.09M
BMY icon
266
CALL
Bristol-Myers Squibb
BMY
$127B
– –
-10,000
Closed -$477K
BMY icon
267
Bristol-Myers Squibb
BMY
$127B
– –
-10,000
Closed -$477K
CCL icon
268
PUT
Carnival Corporation Ltd
CCL
$36.1B
– –
-25,000
Closed -$1.27M
CI icon
269
CALL
Cigna
CI
$76.6B
– –
-15,000
Closed -$2.41M
CLF icon
270
PUT
Cleveland-Cliffs
CLF
$6.81B
– –
-50,000
Closed -$500K
CLVT icon
271
Clarivate
CLVT
$1.3B
– –
-247,452
Closed -$3.33M
CLW icon
272
PUT
Clearwater Paper
CLW
$271M
– –
-20,200
Closed -$393K
COTY icon
273
Coty
COTY
$2.33B
– –
-528,632
Closed -$6.08M
COTY icon
274
PUT
Coty
COTY
$2.33B
– –
-400,000
Closed -$4.6M
EBAY icon
275
eBay
EBAY
$48.6B
– –
-115,000
Closed -$4.32M
9 10
11
12 13

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WIM
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LCG
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CCM
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SMA
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SCA
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K2 Principal Fund's Q2 2019 Portfolio in Review

As of Q2 2019, K2 Principal Fund held 425 positions worth $828M, up 5.6% from $785M the previous quarter. Its ten largest holdings account for 18% of the portfolio.

K2 Principal Fund withdrew a net $46.5M in Q2 2019, closing 148 positions and reducing 44 holdings. Its most notable exit was Vantage Energy Acquisition Corp. Class A, an estimated $12.1M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 7.8% of assets, up from 4.8% a quarter earlier, followed by Communication Services and Technology.

Against the trend, K2 Principal Fund opened a new position in L3 Technologies, Inc. worth $8.64M.

  • K2 Principal Fund's largest Q2 2019 buy was L3 Technologies, Inc.: 35,254 shares worth $8.64M.
  • K2 Principal Fund added most to Alphabet (Google) Class A in Q2 2019, an estimated $8.4M increase.
  • K2 Principal Fund's biggest Q2 2019 reduction was Tuscan Holdings Corp. Unit, cutting an estimated $8.93M.
  • K2 Principal Fund fully exited Vantage Energy Acquisition Corp. Class A in Q2 2019, selling an estimated $12.1M.
  • K2 Principal Fund's ten largest holdings make up 18% of its $828M portfolio in Q2 2019.
  • K2 Principal Fund opened 134 new positions and closed 148 in Q2 2019.
  • K2 Principal Fund's portfolio value rose 5.6% quarter-over-quarter to $828M.

Based on K2 Principal Fund's 13F filing for Q2 2019, filed 14 Aug 2019.