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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
RIO icon
301
PUT
Rio Tinto
RIO
$148B
– –
-10,000
Closed -$589K
RVPH
302
DELISTED
REVIVA PHARMA HLDGS INC
RVPH
– –
-3,750
Closed -$755K
ECHO
303
PUT
EchoStar
ECHO
$25.5B
– –
-24,680
Closed -$729K
SMH icon
304
VanEck Semiconductor ETF
SMH
$67.6B
– –
-50,000
Closed -$2.72M
SSRM icon
305
PUT
SSR Mining
SSRM
$5.57B
– –
-34,500
Closed -$437K
SYF icon
306
CALL
Synchrony
SYF
$23.7B
– –
-140,000
Closed -$4.47M
TDG icon
307
PUT
TransDigm Group
TDG
$69.2B
– –
-500
Closed -$227K
TLT icon
308
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.6B
– –
-35,000
Closed -$4.42M
TLT icon
309
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.6B
– –
-75,000
Closed -$9.48M
TOL icon
310
Toll Brothers
TOL
$14B
– –
-25,400
Closed -$919K
TSLA icon
311
PUT
Tesla
TSLA
$1.24T
– –
-75,000
Closed -$1.4M
TXN icon
312
PUT
Texas Instruments
TXN
$255B
– –
-30,000
Closed -$3.18M
VNOM icon
313
Viper Energy
VNOM
$8.81B
– –
-23,002
Closed -$763K
VTRS icon
314
CALL
Viatris
VTRS
$20.1B
– –
-140,000
Closed -$3.97M
WTTR icon
315
Select Water Solutions
WTTR
$2.51B
– –
-41,620
Closed -$500K
XLU icon
316
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$23.8B
– –
-50,000
Closed -$1.45M
XOP icon
317
CALL
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.58B
– –
-156,250
Closed -$19.2M
XOP icon
318
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.58B
– –
-75,000
Closed -$9.22M
NESRW
319
CALL
DELISTED
National Energy Services Reunited Corp. Warrant
NESRW
– –
-863,981
Closed -$985K
SILV
320
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
– –
-418,061
Closed -$1.37M
SUM
321
CALL
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
– –
-96,615
Closed -$1.51M
SUM
322
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
– –
-57,970
Closed -$905K
ISUN
323
DELISTED
iSun, Inc. Common Stock
ISUN
– –
-178,395
Closed -$1.96M
AEL
324
CALL
DELISTED
American Equity Investment Life Holding Company
AEL
– –
-50,000
Closed -$1.35M
AYX
325
CALL
DELISTED
Alteryx Inc
AYX
– –
-12,500
Closed -$1.05M
11 12
13
14 15

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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.