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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
-4.81%
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
$659M
AUM Growth
-$383M
Cap. Flow
-$356M
Cap. Flow %
-54%
Top 10 Hldgs %
15.19%
Holding
434
New
108
Increased
53
Reduced
69
Closed
152

Top Buys

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$10.4M
2
FSAC
Federal Street Acquisition Corp. Common Stock
FSAC
+$8.03M
3
CFFAU
CF Finance Acquisition Corp. Unit
CFFAU
+$8.01M
4
FTACU
FinTech Acquisition Corp. III Unit
FTACU
+$7.52M
5
VVC
Vectren Corporation
VVC
+$6.11M

Top Sells

Rank Stock Value
1
AET
Aetna Inc
AET
+$23M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$20.6M
3
COL
Rockwell Collins
COL
+$19.1M
4
NRCG
NRC Group Holdings Corp.
NRCG
+$18.6M
5
EACQ
Easterly Acquisition Corp
EACQ
+$16.3M

Sector Composition

Rank Sector Weight
1 Financials 7.89%
2 Technology 7.77%
3 Communication Services 6.55%
4 Consumer Discretionary 4.47%
5 Industrials 4.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMZN icon
276
Amazon
AMZN
$2.49T
– –
-80,000
Closed -$8.01M
AMZN icon
277
PUT
Amazon
AMZN
$2.49T
– –
-20,000
Closed -$2M
BAK icon
278
Braskem
BAK
$972M
– –
-52,774
Closed -$1.52M
BAK icon
279
PUT
Braskem
BAK
$972M
– –
-28,000
Closed -$808K
BGC icon
280
BGC Group
BGC
$5.65B
– –
-443,279
Closed -$3.37M
BW icon
281
Babcock & Wilcox
BW
$1.4B
– –
-41,786
Closed -$430K
C icon
282
Citigroup
C
$223B
– –
-90,000
Closed -$6.46M
CSCO icon
283
CALL
Cisco
CSCO
$452B
– –
-90,000
Closed -$4.38M
CSCO icon
284
Cisco
CSCO
$452B
– –
-20,000
Closed -$973K
CUBE icon
285
CubeSmart
CUBE
$9.57B
– –
-30,000
Closed -$856K
DD icon
286
CALL
DuPont de Nemours
DD
$18.9B
– –
-63,181
Closed -$10.3M
DD icon
287
DuPont de Nemours
DD
$18.9B
– –
-5,923
Closed -$965K
EXR icon
288
CALL
Extra Space Storage
EXR
$31.3B
– –
-20,000
Closed -$1.73M
FEZ icon
289
CALL
State Street SPDR EURO STOXX 50 ETF
FEZ
$4.32B
– –
-175,000
Closed -$6.7M
FITB
290
Fifth Third Bancorp
FITB
$51.7B
– –
-56,285
Closed -$1.57M
FMC icon
291
PUT
FMC
FMC
$1.39B
– –
-11,530
Closed -$872K
GAU
292
CALL
Galiano Gold
GAU
$478M
– –
-15,000
Closed -$12K
B
293
CALL
Barrick Mining
B
$62.6B
– –
-40,000
Closed -$444K
B
294
Barrick Mining
B
$62.6B
– –
-328,241
Closed -$3.64M
GOOGL icon
295
Alphabet (Google) Class A
GOOGL
$3.99T
– –
-382,000
Closed -$20.6M
HWM icon
296
CALL
Howmet Aerospace
HWM
$115B
– –
-404,240
Closed -$6.82M
HYG icon
297
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
– –
-11,000
Closed -$951K
INTC icon
298
CALL
Intel
INTC
$462B
– –
-50,000
Closed -$2.37M
INTC icon
299
Intel
INTC
$462B
– –
-90,000
Closed -$4.26M
ITA icon
300
PUT
iShares US Aerospace & Defense ETF
ITA
$14.4B
– –
-40,000
Closed -$4.33M
10 11
12
13 14

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SC
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WIM
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LCG
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CCM
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TS
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SMA
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SCA
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K2 Principal Fund's Q4 2018 Portfolio in Review

As of Q4 2018, K2 Principal Fund held 434 positions worth $659M, down 37% from $1.04B the previous quarter. Its ten largest holdings account for 15% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q4 2018, closing 152 positions and reducing 69 holdings. Its most notable exit was Aetna Inc, an estimated $23M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.9% of assets, down from 8.8% a quarter earlier, followed by Technology and Communication Services.

Against the trend, K2 Principal Fund opened a new position in Alphabet (Google) Class C worth $10M.

  • K2 Principal Fund's largest Q4 2018 buy was Alphabet (Google) Class C: 194,020 shares worth $10M.
  • K2 Principal Fund added most to Federal Street Acquisition Corp. Common Stock in Q4 2018, an estimated $8.03M increase.
  • K2 Principal Fund's biggest Q4 2018 reduction was Twenty-First Century Fox, Inc. Class B, cutting an estimated $6.42M.
  • K2 Principal Fund fully exited Aetna Inc in Q4 2018, selling an estimated $23M.
  • K2 Principal Fund's ten largest holdings make up 15% of its $659M portfolio in Q4 2018.
  • K2 Principal Fund opened 108 new positions and closed 152 in Q4 2018.
  • K2 Principal Fund's portfolio value fell 37% quarter-over-quarter to $659M.

Based on K2 Principal Fund's 13F filing for Q4 2018, filed 13 Feb 2019.