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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
-4.91%
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
$528M
AUM Growth
-$628M
Cap. Flow
-$547M
Cap. Flow %
-103.77%
Top 10 Hldgs %
24.98%
Holding
437
New
135
Increased
31
Reduced
39
Closed
204

Top Buys

Rank Stock Value
1
MVST icon
Microvast
MVST
+$9.63M
2
PAYA
Paya Holdings Inc. Class A Common Stock
PAYA
+$8.5M
3
UTZ icon
Utz Brands
UTZ
+$8.14M
4
THCA
Tuscan Holdings Corp. II Common Stock
THCA
+$7.27M
5
SKIL icon
Skillsoft
SKIL
+$6.92M

Top Sells

Rank Stock Value
1
MSFT icon
Microsoft
MSFT
+$18.6M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$15.9M
3
V icon
Visa
V
+$12M
4
VVNT
Vivint Smart Home, Inc. Class A Common Stock
VVNT
+$11.7M
5
MCD icon
McDonald's
MCD
+$11.2M

Sector Composition

Rank Sector Weight
1 Financials 4.8%
2 Consumer Discretionary 4.59%
3 Consumer Staples 4.3%
4 Healthcare 3.9%
5 Industrials 3.86%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMCIU
26
DELISTED
AMCI Acquisition Corp Unit
AMCIU
$5.15M 0.98%
500,000
– –
LSEA
27
DELISTED
Landsea Homes
LSEA
$5.14M 0.97%
501,699
+426,699
+569% +$4.42M
CRM icon
28
PUT
Salesforce
CRM
$151B
$5.04M 0.96%
35,000
-10,000
-22% -$1.71M
JNK icon
29
CALL
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.05B
$4.74M 0.9%
+50,000
New +$5.25M
MJ icon
30
PUT
Amplify Alternative Harvest ETF
MJ
$96.9M
$4.56M 0.86%
+33,333
New +$5.92M
EBAY icon
31
CALL
eBay
EBAY
$51.5B
$4.51M 0.86%
+150,100
New +$5.23M
OSB
32
DELISTED
Norbord Inc.
OSB
$4.42M 0.84%
+265,500
New +$6.7M
LACQ
33
DELISTED
Leisure Acquisition Corp.
LACQ
$4.22M 0.8%
409,906
+299,906
+273% +$3.12M
HIMS icon
34
Hims & Hers Health
HIMS
$6.39B
$4M 0.76%
+400,104
New +$3.98M
LCAHU
35
DELISTED
Landcadia Holdings II, Inc. Unit
LCAHU
$3.97M 0.75%
405,046
– –
MX icon
36
Magnachip Semiconductor
MX
$115M
$3.87M 0.73%
350,000
-75,790
-18% -$919K
LPX icon
37
PUT
Louisiana-Pacific
LPX
$5.22B
$3.78M 0.72%
+220,000
New +$6.09M
NFINU
38
DELISTED
Netfin Acquisition Corp. Unit
NFINU
$3.71M 0.7%
367,924
-32,076
-8% -$330K
SLV icon
39
CALL
iShares Silver Trust
SLV
$27.5B
$3.59M 0.68%
+275,000
New +$4.32M
TTCF
40
DELISTED
Tattooed Chef, Inc Class A Common Stock
TTCF
$3.57M 0.68%
347,300
+272,300
+363% +$2.8M
LQD icon
41
iShares iBoxx $ Investment Grade Corporate Bond ETF
LQD
$34.4B
$3.46M 0.66%
+28,000
New +$3.57M
PFPT
42
DELISTED
Proofpoint, Inc.
PFPT
$3.38M 0.64%
32,900
-17,600
-35% -$2.05M
IMTX icon
43
Immatics
IMTX
$1.18B
$3.15M 0.6%
+309,694
New +$3.25M
PTACU
44
DELISTED
PropTech Acquisition Corporation Unit
PTACU
$3.09M 0.59%
311,101
– –
WCN
45
Waste Connections
WCN
$43.4B
$3.06M 0.58%
+27,999
New +$2.63M
PIC.U
46
DELISTED
Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on
PIC.U
$2.98M 0.56%
299,012
-100,988
-25% -$1.02M
CCX.U
47
DELISTED
Churchill Capital Corp II
CCX.U
$2.86M 0.54%
276,280
+7,080
+3% +$79.3K
IP icon
48
PUT
International Paper
IP
$22.9B
$2.65M 0.5%
+89,760
New +$3.33M
TRV icon
49
CALL
Travelers Companies
TRV
$82.7B
$2.64M 0.5%
26,600
+8,500
+47% +$1.06M
WY icon
50
Weyerhaeuser
WY
$17.6B
$2.46M 0.47%
145,000
– –
1
2
3 4 5

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WIM
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LCG
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CCM
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SMA
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K2 Principal Fund's Q1 2020 Portfolio in Review

As of Q1 2020, K2 Principal Fund held 437 positions worth $528M, down 54% from $1.16B the previous quarter. Its ten largest holdings account for 25% of the portfolio.

K2 Principal Fund withdrew a net $547M in Q1 2020, closing 204 positions and reducing 39 holdings. Its most notable exit was Microsoft, an estimated $18.6M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.8% of assets, up from 2.8% a quarter earlier, followed by Consumer Discretionary and Consumer Staples.

Against the trend, K2 Principal Fund opened a new position in Norbord Inc. worth $4.42M.

  • K2 Principal Fund's largest Q1 2020 buy was Norbord Inc.: 265,500 shares worth $4.42M.
  • K2 Principal Fund added most to Microvast in Q1 2020, an estimated $9.63M increase.
  • K2 Principal Fund's biggest Q1 2020 reduction was Visa, cutting an estimated $12M.
  • K2 Principal Fund fully exited Microsoft in Q1 2020, selling an estimated $18.6M.
  • K2 Principal Fund's ten largest holdings make up 25% of its $528M portfolio in Q1 2020.
  • K2 Principal Fund opened 135 new positions and closed 204 in Q1 2020.
  • K2 Principal Fund's portfolio value fell 54% quarter-over-quarter to $528M.

Based on K2 Principal Fund's 13F filing for Q1 2020, filed 15 May 2020.