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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
RSPP
426
DELISTED
RSP Permian, Inc.
RSPP
– –
-51,673
Closed -$2.27M
FNGN
427
DELISTED
Financial Engines, Inc.
FNGN
– –
-20,000
Closed -$898K
WSCWW
428
DELISTED
WillScot Corporation Warrant
WSCWW
– –
-559,523
Closed -$1.26M
IPCC
429
DELISTED
Infinity Property & Casualty C
IPCC
– –
-16,170
Closed -$2.3M
GGP
430
DELISTED
GGP Inc.
GGP
– –
-476,456
Closed -$9.73M
GGP
431
PUT
DELISTED
GGP Inc.
GGP
– –
-128,800
Closed -$2.63M
XL
432
DELISTED
XL Group Ltd.
XL
– –
-50,761
Closed -$2.84M
IBTX
433
DELISTED
Independent Bank Group, Inc.
IBTX
– –
-19,231
Closed -$1.28M
CY
434
PUT
DELISTED
Cypress Semiconductor
CY
– –
-50,000
Closed -$779K
NSU
435
CALL
DELISTED
Nevsun Resources Ltd.
NSU
– –
-20,000
Closed -$69K
GOLD
436
DELISTED
Randgold Resources Ltd
GOLD
– –
-20,099
Closed -$1.55M
CADE
437
DELISTED
Cadence Bancorporation
CADE
– –
-33,905
Closed -$979K
MPACU
438
DELISTED
Matlin & Partners Acquisition Corporation Units
MPACU
– –
-110,306
Closed -$1.16M
HRG
439
DELISTED
HRG Group, Inc.
HRG
– –
-327,019
Closed -$4.28M
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.