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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
ELLI
376
PUT
DELISTED
Ellie Mae Inc
ELLI
– –
-6,000
Closed -$493K
VVC
377
CALL
DELISTED
Vectren Corporation
VVC
– –
-19,700
Closed -$1.3M
COL
378
DELISTED
Rockwell Collins
COL
– –
-30,000
Closed -$3.92M
SHLD
379
PUT
DELISTED
Sears Holding Corporation
SHLD
– –
-86,500
Closed -$631K
AAV
380
DELISTED
Advantage Oil & Gas Ltd
AAV
– –
-372,662
Closed -$2.35M
GST
381
DELISTED
Gastar Exploration Inc.
GST
– –
-1,642,717
Closed -$1.45M
OSPRU
382
DELISTED
Osprey Energy Acquisition Corp. Unit
OSPRU
– –
-699,300
Closed -$6.94M
TWX
383
CALL
DELISTED
Time Warner Inc
TWX
– –
-29,000
Closed -$2.97M
DEL
384
DELISTED
Deltic Timber
DEL
– –
-41,000
Closed -$3.63M
TKF
385
DELISTED
Turkish Inv Fund
TKF
– –
-204,450
Closed -$1.86M
TESO
386
DELISTED
Tesco Corp
TESO
– –
-545,985
Closed -$2.98M
CFCOW
387
DELISTED
CF Corporation
CFCOW
– –
-210,500
Closed -$444K
CBF
388
DELISTED
Capital Bank Financial Corp. Class A Common Stock
CBF
– –
-21,142
Closed -$868K
EAGLW
389
DELISTED
Double Eagle Acquisition Corp. Warrant
EAGLW
– –
-295,700
Closed -$204K
VALE.P
390
DELISTED
Vale S A
VALE.P
– –
-106,846
Closed -$999K
VWR
391
DELISTED
VWR Corporation
VWR
– –
-79,201
Closed -$2.62M
EXA
392
DELISTED
EXA Corporation
EXA
– –
-20,316
Closed -$491K
ABCO
393
DELISTED
Advisory Board Co
ABCO
– –
-15,805
Closed -$848K
BRCD
394
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
– –
-269,500
Closed -$3.22M
RICE
395
DELISTED
Rice Energy Inc.
RICE
– –
-611,535
Closed -$17.7M
RICE
396
PUT
DELISTED
Rice Energy Inc.
RICE
– –
-225,000
Closed -$6.51M
PCBK
397
DELISTED
Pacific Continental Corp
PCBK
– –
-111,516
Closed -$3M
FSBK
398
DELISTED
First South Bancorp Inc/VA
FSBK
– –
-42,966
Closed -$796K
CUNB
399
DELISTED
CU Bancorp
CUNB
– –
-71,207
Closed -$2.76M
WSTC
400
DELISTED
West Corporation
WSTC
– –
-16,607
Closed -$390K
13 14 15
16
17

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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.