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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
SODA
376
DELISTED
SodaStream International Ltd
SODA
– –
-6,100
Closed -$873K
MITL
377
DELISTED
Mitel Networks Corporation
MITL
– –
-733,124
Closed -$8.08M
AFSI
378
DELISTED
AmTrust Financial Services, Inc.
AFSI
– –
-133,400
Closed -$1.94M
EGN
379
CALL
DELISTED
Energen
EGN
– –
-100,000
Closed -$8.62M
EGN
380
DELISTED
Energen
EGN
– –
-65,509
Closed -$5.64M
AET
381
DELISTED
Aetna Inc
AET
– –
-113,549
Closed -$23M
COL
382
DELISTED
Rockwell Collins
COL
– –
-136,053
Closed -$19.1M
COL
383
PUT
DELISTED
Rockwell Collins
COL
– –
-15,000
Closed -$2.11M
IAMXW
384
DELISTED
I-AM Capital Acquisition Company Warrant
IAMXW
– –
-819,954
Closed -$287K
IAMXR
385
DELISTED
I-AM Capital Acquisition Company Right
IAMXR
– –
-421,465
Closed -$211K
ZOES
386
DELISTED
Zoe's Kitchen, Inc.
ZOES
– –
-47,000
Closed -$598K
LCAHW
387
DELISTED
Landcadia Holdings, Inc. Warrant
LCAHW
– –
-1,024,149
Closed -$1.22M
CALL
388
DELISTED
magicJack VocalTec Ltd
CALL
– –
-31,670
Closed -$264K
MPACW
389
DELISTED
Matlin & Partners Acquisition Corporation
MPACW
– –
-424,064
Closed -$318K
KTWO
390
DELISTED
K2M Group Holdings, Inc
KTWO
– –
-123,468
Closed -$3.38M
KAACW
391
DELISTED
Kayne Anderson Acquisition Corp.
KAACW
– –
-608,766
Closed -$761K
SMPLW
392
DELISTED
The Simply Good Foods Company Warrant
SMPLW
– –
-50,200
Closed -$397K
KS
393
PUT
DELISTED
KapStone Paper and Pack Corp.
KS
– –
-31,900
Closed -$1.08M
EACQW
394
DELISTED
Easterly Acquisition Corp.
EACQW
– –
-868,203
Closed -$955K
SNMX
395
DELISTED
Senomyx, Inc.
SNMX
– –
-970,968
Closed -$1.44M
EDGW
396
DELISTED
Edgewater Technology Inc
EDGW
– –
-353,200
Closed -$1.51M
PX
397
DELISTED
Praxair Inc
PX
– –
-7,700
Closed -$1.24M
IMXIW
398
DELISTED
International Money Expresss, Inc. Warrant
IMXIW
– –
-456,784
Closed -$1.07M
PF
399
DELISTED
Pinnacle Foods, Inc.
PF
– –
-25,889
Closed -$1.68M
IVTY
400
DELISTED
Invuity, Inc
IVTY
– –
-135,734
Closed -$1M
13 14 15
16
17

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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.