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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
PARA
326
DELISTED
Paramount Global Class B
PARA
– –
-4,818
Closed -$277K
PEB icon
327
Pebblebrook Hotel Trust
PEB
$2.19B
– –
-6,141
Closed -$223K
PHUN icon
328
Phunware
PHUN
$43.1M
– –
-2,761
Closed -$1.45M
QCOM icon
329
CALL
Qualcomm
QCOM
$179B
– –
-50,000
Closed -$3.6M
SBUX icon
330
PUT
Starbucks
SBUX
$118B
– –
-6,000
Closed -$341K
SIRI icon
331
SiriusXM
SIRI
$10.5B
– –
-10,800
Closed -$657K
SMH icon
332
CALL
VanEck Semiconductor ETF
SMH
$66.1B
– –
-50,000
Closed -$2.66M
SMTC icon
333
Semtech
SMTC
$11.3B
– –
-10,000
Closed -$556K
SNBR
334
PUT
DELISTED
Sleep Number
SNBR
– –
-10,000
Closed -$368K
SNV
335
DELISTED
Synovus
SNV
– –
-35,222
Closed -$1.61M
SPY icon
336
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$781B
– –
-30,000
Closed -$8.72M
TEVA icon
337
CALL
Teva Pharmaceuticals
TEVA
$36.2B
– –
-50,000
Closed -$1.08M
TRIP icon
338
CALL
TripAdvisor
TRIP
$1.66B
– –
-40,000
Closed -$2.04M
TSLA icon
339
Tesla
TSLA
$1.22T
– –
-119,280
Closed -$2.57M
TXN icon
340
PUT
Texas Instruments
TXN
$255B
– –
-15,000
Closed -$1.61M
VMC icon
341
PUT
Vulcan Materials
VMC
$36.9B
– –
-20,000
Closed -$2.22M
VNOM icon
342
CALL
Viper Energy
VNOM
$8.4B
– –
-65,000
Closed -$2.74M
VRRM icon
343
Verra Mobility
VRRM
$636M
– –
-678,517
Closed -$7.21M
VTRS icon
344
CALL
Viatris
VTRS
$20.5B
– –
-125,000
Closed -$4.58M
VTRS icon
345
Viatris
VTRS
$20.5B
– –
-135,863
Closed -$4.97M
XRX icon
346
CALL
Xerox
XRX
$357M
– –
-125,000
Closed -$3.37M
SUM
347
DELISTED
Summit Materials, Inc. Class A Common Stock
SUM
– –
-35,595
Closed -$492K
KLR
348
DELISTED
Kaleyra, Inc.
KLR
– –
-7,215
Closed -$251K
ASAP
349
DELISTED
Waitr Holdings Inc. Common Stock
ASAP
– –
-17,984
Closed -$3.9M
SWIR
350
CALL
DELISTED
Sierra Wireless
SWIR
– –
-70,000
Closed -$1.41M
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 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.