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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
+3.64%
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
$1.04B
AUM Growth
-$251M
Cap. Flow
-$317M
Cap. Flow %
-30.46%
Top 10 Hldgs %
19.43%
Holding
449
New
137
Increased
69
Reduced
76
Closed
122

Top Buys

Rank Stock Value
1
NRCG
NRC Group Holdings Corp.
NRCG
+$11M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$10.9M
3
SPAQ.U
Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
+$10.4M
4
BPYU
Brookfield Property REIT Inc. Class A Common Stock
BPYU
+$9.85M
5
CA
CA, Inc.
CA
+$8.12M

Top Sells

Rank Stock Value
1
NXPI icon
NXP Semiconductors
NXPI
+$25M
2
AABA
Altaba Inc
AABA
+$23.1M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$14.2M
4
LGC.U
Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val
LGC.U
+$10.4M
5
PACQU
Pure Acquisition Corp. Unit
PACQU
+$10.4M

Sector Composition

Rank Sector Weight
1 Technology 9.34%
2 Financials 8.83%
3 Industrials 5.23%
4 Communication Services 4.39%
5 Healthcare 4.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USG
401
PUT
DELISTED
Usg
USG
– –
-30,200
Closed -$1.3M
MBFI
402
DELISTED
MB Financial Corp
MBFI
– –
-55,408
Closed -$2.59M
NXEOW
403
DELISTED
Nexeo Solutions, Inc. Warrant
NXEOW
– –
-297,917
Closed -$170K
NXTM
404
DELISTED
NxStage Medical Inc.
NXTM
– –
-44,565
Closed -$1.24M
GTYH
405
DELISTED
GTY Technology Holdings, Inc. Common Stock
GTYH
– –
-368,239
Closed -$3.7M
FSACU
406
DELISTED
Federal Street Acquisition Corp. Unit
FSACU
– –
-231,485
Closed -$2.34M
OCLR
407
DELISTED
Oclaro Inc.
OCLR
– –
-215,000
Closed -$1.92M
OCLR
408
PUT
DELISTED
Oclaro Inc.
OCLR
– –
-114,300
Closed -$1.02M
LHO
409
DELISTED
LaSalle Hotel Properties
LHO
– –
-163,322
Closed -$5.59M
KS
410
DELISTED
KapStone Paper and Pack Corp.
KS
– –
-107,633
Closed -$3.71M
BHACW
411
DELISTED
Barington/Hilco Acquisition Corp. Warrants
BHACW
– –
-28,670
Closed -$5K
EVHC
412
DELISTED
Envision Healthcare Holdings Inc
EVHC
– –
-82,930
Closed -$3.65M
ANDV
413
DELISTED
Andeavor
ANDV
– –
-68,703
Closed -$9.01M
GST
414
DELISTED
Gastar Exploration Inc.
GST
– –
-1,529,952
Closed -$857K
ILG
415
DELISTED
ILG, Inc Common Stock
ILG
– –
-262,017
Closed -$8.65M
COTV
416
DELISTED
Cotiviti Holdings, Inc.
COTV
– –
-10,500
Closed -$463K
SIGM
417
DELISTED
Sigma Designs Inc
SIGM
– –
-1,090,971
Closed -$6.66M
OSPRW
418
DELISTED
Osprey Energy Acquisition Corp. Warrant
OSPRW
– –
-253,098
Closed -$405K
SHLM
419
DELISTED
Schulman (A.) Inc
SHLM
– –
-60,000
Closed -$2.67M
PAY
420
DELISTED
Verifone Systems Inc
PAY
– –
-58,580
Closed -$1.34M
TPGE.WS
421
DELISTED
TPG Pace Energy Holdings Corp.
TPGE.WS
– –
-783,333
Closed -$2.15M
CPLA
422
DELISTED
Capella Education Company
CPLA
– –
-23,378
Closed -$2.31M
NSM
423
DELISTED
Nationstar Mortgage Holdings
NSM
– –
-59,138
Closed -$1.04M
MACQW
424
DELISTED
M I Acquisitions, Inc. Warrant
MACQW
– –
-797,200
Closed -$1.2M
FNTEW
425
DELISTED
FinTech Acquisition Corp. II Warrant
FNTEW
– –
-500,000
Closed -$801K
14 15 16
17
18

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K2 Principal Fund's Q3 2018 Portfolio in Review

As of Q3 2018, K2 Principal Fund held 449 positions worth $1.04B, down 19% from $1.29B the previous quarter. Its ten largest holdings account for 19% of the portfolio.

K2 Principal Fund withdrew a net $317M in Q3 2018, closing 122 positions and reducing 76 holdings. Its most notable exit was Altaba Inc, an estimated $23.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 9.3% of assets, down from 14% a quarter earlier, followed by Financials and Industrials.

Against the trend, K2 Principal Fund opened a new position in Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of worth $10.5M.

  • K2 Principal Fund's largest Q3 2018 buy was Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of: 1,031,500 shares worth $10.5M.
  • K2 Principal Fund added most to NRC Group Holdings Corp. in Q3 2018, an estimated $11M increase.
  • K2 Principal Fund's biggest Q3 2018 reduction was NXP Semiconductors, cutting an estimated $25M.
  • K2 Principal Fund fully exited Altaba Inc in Q3 2018, selling an estimated $23.1M.
  • K2 Principal Fund's ten largest holdings make up 19% of its $1.04B portfolio in Q3 2018.
  • K2 Principal Fund opened 137 new positions and closed 122 in Q3 2018.
  • K2 Principal Fund's portfolio value fell 19% quarter-over-quarter to $1.04B.

Based on K2 Principal Fund's 13F filing for Q3 2018, filed 13 Nov 2018.