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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
+2.94%
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
$1.38B
AUM Growth
-$131M
Cap. Flow
-$183M
Cap. Flow %
-13.26%
Top 10 Hldgs %
27.73%
Holding
429
New
110
Increased
67
Reduced
72
Closed
142

Top Buys

Rank Stock Value
1
WCN
Waste Connections
WCN
+$18.2M
2
LGC.U
Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val
LGC.U
+$15M
3
MON
Monsanto Co
MON
+$12.8M
4
CMSSU
CM Seven Star Acquisition Corporation Unit
CMSSU
+$9.04M
5
HYACU
Haymaker Acquisition Corp. Unit
HYACU
+$8.39M

Top Sells

Rank Stock Value
1
DDC
Dominion Diamond Corporation
DDC
+$47M
2
RICE
Rice Energy Inc.
RICE
+$17.7M
3
DGI
DigitalGlobe Inc.
DGI
+$17.2M
4
VEAC
Vantage Energy Acquisition Corp. Class A
VEAC
+$13.1M
5
KNTK icon
Kinetik
KNTK
+$12.5M

Sector Composition

Rank Sector Weight
1 Technology 11.29%
2 Communication Services 9.62%
3 Energy 3.98%
4 Financials 3.39%
5 Industrials 3.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NSC icon
326
CALL
Norfolk Southern
NSC
$78.8B
– –
-45,000
Closed -$5.95M
ODP
327
PUT
DELISTED
ODP
ODP
– –
-11,360
Closed -$515K
OIH icon
328
VanEck Oil Services ETF
OIH
$2.06B
– –
-1,275
Closed -$665K
OIH icon
329
PUT
VanEck Oil Services ETF
OIH
$2.06B
– –
-5,550
Closed -$2.89M
ORLY icon
330
CALL
O'Reilly Automotive
ORLY
$72.4B
– –
-30,000
Closed -$431K
QCOM icon
331
CALL
Qualcomm
QCOM
$176B
– –
-800,000
Closed -$41.5M
QCOM icon
332
Qualcomm
QCOM
$176B
– –
-16,972
Closed -$880K
RDNT icon
333
PUT
RadNet
RDNT
$4.84B
– –
-78,000
Closed -$901K
RLJ icon
334
CALL
RLJ Lodging Trust
RLJ
$1.87B
– –
-53,600
Closed -$1.18M
RMNI icon
335
Rimini Street
RMNI
$408M
– –
-299,200
Closed -$2.84M
SA
336
PUT
Seabridge Gold
SA
$2.8B
– –
-34,200
Closed -$417K
SBUX icon
337
CALL
Starbucks
SBUX
$118B
– –
-20,000
Closed -$1.07M
SBUX icon
338
Starbucks
SBUX
$118B
– –
-61,679
Closed -$3.31M
SLV icon
339
PUT
iShares Silver Trust
SLV
$28.1B
– –
-350,000
Closed -$5.51M
SNAP icon
340
CALL
Snap
SNAP
$7.32B
– –
-30,000
Closed -$436K
SPY icon
341
CALL
State Street SPDR S&P 500 ETF Trust
SPY
$778B
– –
-40,000
Closed -$10M
SYF icon
342
Synchrony
SYF
$23.7B
– –
-15,000
Closed -$513K
TJX icon
343
CALL
TJX Companies
TJX
$170B
– –
-30,000
Closed -$1.11M
TJX icon
344
TJX Companies
TJX
$170B
– –
-14,448
Closed -$524K
TXRH icon
345
PUT
Texas Roadhouse
TXRH
$12.7B
– –
-7,000
Closed -$344K
UAL icon
346
CALL
United Airlines
UAL
$38.4B
– –
-34,000
Closed -$2.07M
UAL icon
347
United Airlines
UAL
$38.4B
– –
-16,118
Closed -$981K
UAL icon
348
PUT
United Airlines
UAL
$38.4B
– –
-18,000
Closed -$1.1M
UNP icon
349
PUT
Union Pacific
UNP
$183B
– –
-10,000
Closed -$1.16M
V icon
350
CALL
Visa
V
$677B
– –
-25,000
Closed -$2.63M
12 13
14
15 16

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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 Q4 2017 Portfolio in Review

As of Q4 2017, K2 Principal Fund held 429 positions worth $1.38B, down 8.6% from $1.51B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

K2 Principal Fund withdrew a net $183M in Q4 2017, closing 142 positions and reducing 72 holdings. Its most notable exit was Dominion Diamond Corporation, an estimated $47M position sold in full.

By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 11% a quarter earlier, followed by Communication Services and Energy.

Against the trend, K2 Principal Fund opened a new position in Waste Connections worth $22.2M.

  • K2 Principal Fund's largest Q4 2017 buy was Waste Connections: 261,206 shares worth $22.2M.
  • K2 Principal Fund added most to Monsanto Co in Q4 2017, an estimated $12.8M increase.
  • K2 Principal Fund's biggest Q4 2017 reduction was Vantage Energy Acquisition Corp. Class A, cutting an estimated $13.1M.
  • K2 Principal Fund fully exited Dominion Diamond Corporation in Q4 2017, selling an estimated $47M.
  • K2 Principal Fund's ten largest holdings make up 28% of its $1.38B portfolio in Q4 2017.
  • K2 Principal Fund opened 110 new positions and closed 142 in Q4 2017.
  • K2 Principal Fund's portfolio value fell 8.6% quarter-over-quarter to $1.38B.

Based on K2 Principal Fund's 13F filing for Q4 2017, filed 12 Feb 2018.