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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
MRT
376
DELISTED
MedEquities Realty Trust, Inc.
MRT
– –
-251,243
Closed -$2.8M
MXWL
377
CALL
DELISTED
Maxwell Technologies Inc
MXWL
– –
-10,000
Closed -$45K
MXWL
378
DELISTED
Maxwell Technologies Inc
MXWL
– –
-400,000
Closed -$1.79M
ULTI
379
DELISTED
Ultimate Software Group Inc
ULTI
– –
-16,600
Closed -$5.48M
CMSSW
380
CALL
DELISTED
CM Seven Star Acquisition Corporation Warrant
CMSSW
– –
-511,880
Closed -$87K
CMSSR
381
CALL
DELISTED
CM Seven Star Acquisition Corporation Right
CMSSR
– –
-564,454
Closed -$186K
CMSSU
382
DELISTED
CM Seven Star Acquisition Corporation Unit
CMSSU
– –
-217,700
Closed -$2.29M
USG
383
DELISTED
Usg
USG
– –
-64,900
Closed -$2.81M
ELLI
384
DELISTED
Ellie Mae Inc
ELLI
– –
-35,632
Closed -$3.52M
BEL
385
DELISTED
Belmond Ltd.
BEL
– –
-78,686
Closed -$1.96M
VEAC
386
DELISTED
Vantage Energy Acquisition Corp. Class A
VEAC
– –
-1,185,018
Closed -$12.1M
VEACW
387
CALL
DELISTED
Vantage Energy Acquisition Corp.
VEACW
– –
-351,174
Closed -$81K
RDC
388
DELISTED
Rowan Companies Plc
RDC
– –
-109,087
Closed -$1.18M
ARRS
389
DELISTED
ARRIS International plc Ordinary Shares
ARRS
– –
-109,270
Closed -$3.45M
BHBK
390
DELISTED
Blue Hills Bancorp, Inc.
BHBK
– –
-29,807
Closed -$712K
SCAC
391
DELISTED
Saban Capital Acquisition Corp. Class A Ordinary Share
SCAC
– –
-74,215
Closed -$763K
GTYHW
392
CALL
DELISTED
GTY Technology Holdings, Inc. Warrants
GTYHW
– –
-329,729
Closed -$199K
STNLW
393
CALL
DELISTED
Sentinel Energy Services Inc. Warrant
STNLW
– –
-86,770
Closed -$59K
UFS
394
CALL
DELISTED
DOMTAR CORPORATION (New)
UFS
– –
-60,000
Closed -$2.98M
CY
395
CALL
DELISTED
Cypress Semiconductor
CY
– –
-65,000
Closed -$970K
CY
396
DELISTED
Cypress Semiconductor
CY
– –
-70,000
Closed -$1.04M
HHHHU
397
DELISTED
Wealthbridge Acquisition Limited Units
HHHHU
– –
-125,000
Closed -$1.26M
CELG
398
PUT
DELISTED
Celgene Corp
CELG
– –
-7,500
Closed -$708K
ATTU
399
CALL
DELISTED
Attunity Ltd
ATTU
– –
-15,200
Closed -$356K
ATTU
400
DELISTED
Attunity Ltd
ATTU
– –
-137,810
Closed -$3.23M
13 14 15
16
17

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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.