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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
+6.61%
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
$669M
AUM Growth
+$39.7M
Cap. Flow
-$77.2M
Cap. Flow %
-11.54%
Top 10 Hldgs %
20.07%
Holding
361
New
109
Increased
44
Reduced
41
Closed
118

Top Buys

Rank Stock Value
1
PFSI icon
PennyMac Financial
PFSI
+$14.1M
2
PRPB.U
CC Neuberger Principal Holdings II
PRPB.U
+$9.95M
3
FGNA.U
FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one
FGNA.U
+$8.34M
4
WPF
Foley Trasimene Acquisition Corp.
WPF
+$7.22M
5
CCIV.U
Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth
CCIV.U
+$7.06M

Top Sells

Rank Stock Value
1
GB
Global Blue Group Holding
GB
+$13.5M
2
CFFAU
CF Finance Acquisition Corp. Unit
CFFAU
+$10.5M
3
PAYA
Paya Holdings Inc. Class A Common Stock
PAYA
+$9.71M
4
FSR
Fisker Inc.
FSR
+$7.79M
5
OPEN icon
Opendoor
OPEN
+$6.16M

Sector Composition

Rank Sector Weight
1 Financials 9.57%
2 Technology 6%
3 Consumer Discretionary 4.46%
4 Consumer Staples 3.65%
5 Healthcare 3.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRV icon
276
CALL
Travelers Companies
TRV
$78.1B
– –
-24,600
Closed -$2.81M
TWLO icon
277
CALL
Twilio
TWLO
$30B
– –
-10,000
Closed -$2.19M
TWLO icon
278
PUT
Twilio
TWLO
$30B
– –
-7,400
Closed -$1.62M
USAS
279
Americas Gold and Silver
USAS
$1.29B
– –
-64,000
Closed -$566K
USO icon
280
CALL
United States Oil Fund
USO
$2.15B
– –
-50,000
Closed -$1.4M
V icon
281
CALL
Visa
V
$684B
– –
-4,000
Closed -$773K
V icon
282
Visa
V
$684B
– –
-7,000
Closed -$1.35M
VAC icon
283
CALL
Marriott Vacations Worldwide
VAC
$3.35B
– –
-5,000
Closed -$411K
VLO icon
284
CALL
Valero Energy
VLO
$92.9B
– –
-35,000
Closed -$2.06M
WCN
285
Waste Connections
WCN
$42.2B
– –
-18,354
Closed -$2.33M
WCN
286
PUT
Waste Connections
WCN
$42.2B
– –
-2,000
Closed -$254K
WGO icon
287
CALL
Winnebago Industries
WGO
$856M
– –
-5,000
Closed -$333K
WGO icon
288
PUT
Winnebago Industries
WGO
$856M
– –
-5,000
Closed -$333K
WY icon
289
PUT
Weyerhaeuser
WY
$18B
– –
-90,000
Closed -$2.02M
XLF icon
290
CALL
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
– –
-50,000
Closed -$1.16M
XLF icon
291
State Street Financial Select Sector SPDR ETF
XLF
$56.7B
– –
-115,000
Closed -$2.66M
NESRW
292
CALL
DELISTED
National Energy Services Reunited Corp. Warrant
NESRW
– –
-649,181
Closed -$357K
CTEV
293
Claritev Corp
CTEV
$387M
– –
-12,714
Closed -$5.49M
SILV
294
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
– –
-100,000
Closed -$1.25M
FSR
295
DELISTED
Fisker Inc.
FSR
– –
-726,286
Closed -$7.79M
BRLIU
296
DELISTED
Brilliant Acquisition Corporation Unit
BRLIU
– –
-120,100
Closed -$1.21M
BKI
297
DELISTED
Black Knight, Inc. Common Stock
BKI
– –
-7,000
Closed -$551K
SFT
298
DELISTED
Shift Technologies, Inc. Class A Common Stock
SFT
– –
-32,329
Closed -$4.19M
PAYA
299
DELISTED
Paya Holdings Inc. Class A Common Stock
PAYA
– –
-869,761
Closed -$9.71M
GNOG
300
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
– –
-204,844
Closed -$3.35M
10 11
12
13 14

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K2 Principal Fund's Q3 2020 Portfolio in Review

As of Q3 2020, K2 Principal Fund held 361 positions worth $669M, up 6.3% from $629M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

K2 Principal Fund withdrew a net $77.2M in Q3 2020, closing 118 positions and reducing 41 holdings. Its most notable exit was Global Blue Group Holding, an estimated $13.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.6% of assets, up from 6.9% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, K2 Principal Fund opened a new position in CC Neuberger Principal Holdings II worth $10.1M.

  • K2 Principal Fund's largest Q3 2020 buy was CC Neuberger Principal Holdings II: 976,880 shares worth $10.1M.
  • K2 Principal Fund added most to PennyMac Financial in Q3 2020, an estimated $14.1M increase.
  • K2 Principal Fund's biggest Q3 2020 reduction was Tuscan Holdings Corp. II Common Stock, cutting an estimated $3.5M.
  • K2 Principal Fund fully exited Global Blue Group Holding in Q3 2020, selling an estimated $13.5M.
  • K2 Principal Fund's ten largest holdings make up 20% of its $669M portfolio in Q3 2020.
  • K2 Principal Fund opened 109 new positions and closed 118 in Q3 2020.
  • K2 Principal Fund's portfolio value rose 6.3% quarter-over-quarter to $669M.

Based on K2 Principal Fund's 13F filing for Q3 2020, filed 13 Nov 2020.