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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
+12.29%
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
$629M
AUM Growth
+$102M
Cap. Flow
-$8.68M
Cap. Flow %
-1.38%
Top 10 Hldgs %
26.87%
Holding
357
New
124
Increased
39
Reduced
33
Closed
105

Top Buys

Rank Stock Value
1
GB
Global Blue Group Holding
GB
+$12M
2
PFSI icon
PennyMac Financial
PFSI
+$7.49M
3
LGVW.U
Longview Acquisition Corp. Units, each consisting of one share of Class A common stock, and one-thir
LGVW.U
+$6.02M
4
CLOV icon
Clover Health Investments
CLOV
+$5.95M
5
OPEN icon
Opendoor
OPEN
+$5.95M

Top Sells

Rank Stock Value
1
UTZ icon
Utz Brands
UTZ
+$8.28M
2
AGN
Allergan plc
AGN
+$8.21M
3
CCH.U
Collier Creek Holdings Units, each consisting of one Class A ordinary share, $0.0001 par value, and
CCH.U
+$8.17M
4
CCXX.U
Churchill Capital Corp III Units, each consisting of one share of Class A Common Stock and one-fourt
CCXX.U
+$5.56M
5
INSUU
Insurance Acquisition Corp. Unit
INSUU
+$5.21M

Sector Composition

Rank Sector Weight
1 Financials 6.86%
2 Consumer Discretionary 4.48%
3 Technology 3.9%
4 Healthcare 3.83%
5 Industrials 3.66%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LSEA
26
DELISTED
Landsea Homes
LSEA
$5.37M 0.85%
501,699
– –
EOSE icon
27
Eos Energy Enterprises
EOSE
$1.27B
$5.37M 0.85%
+500,000
New +$5.07M
JNK icon
28
PUT
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.06B
$5.06M 0.8%
50,000
-49,500
-50% -$4.93M
GDX icon
29
PUT
VanEck Gold Miners ETF
GDX
$23.3B
$5.04M 0.8%
137,500
+67,500
+96% +$2.22M
BHC icon
30
CALL
Bausch Health
BHC
$1.68B
$4.9M 0.78%
267,700
+207,700
+346% +$3.66M
PCPL.U
31
DELISTED
CC Neuberger Principal Holdings I Units, each consisting of one Class A ordinary share and one-third
PCPL.U
$4.75M 0.75%
+447,598
New +$4.59M
OSB
32
DELISTED
Norbord Inc.
OSB
$4.68M 0.74%
151,076
-114,424
-43% -$1.97M
PFPT
33
PUT
DELISTED
Proofpoint, Inc.
PFPT
$4.45M 0.71%
40,000
+27,500
+220% +$3.14M
SFT
34
DELISTED
Shift Technologies, Inc. Class A Common Stock
SFT
$4.19M 0.67%
32,329
+12,230
+61% +$1.29M
HYG icon
35
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
$4.08M 0.65%
50,000
-100,000
-67% -$8.06M
HIMS icon
36
Hims & Hers Health
HIMS
$6.74B
$4.07M 0.65%
400,104
– –
JWS.U
37
DELISTED
Jaws Acquisition Corp. Units, each consisting of one Class A ordinary share and one-third of one red
JWS.U
$4.01M 0.64%
+384,330
New +$4M
CHPM
38
DELISTED
CHP Merger Corp. Class A Common Stock
CHPM
$3.98M 0.63%
+400,000
New +$3.93M
SLV icon
39
CALL
iShares Silver Trust
SLV
$28.4B
$3.83M 0.61%
225,000
-50,000
-18% -$764K
PIC.U
40
DELISTED
Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on
PIC.U
$3.83M 0.61%
371,512
+72,500
+24% +$736K
LPX icon
41
CALL
Louisiana-Pacific
LPX
$5.39B
$3.78M 0.6%
+147,500
New +$3.12M
EQOS
42
DELISTED
EQONEX LIMITED Ordinary Shares
EQOS
$3.7M 0.59%
365,569
+138,072
+61% +$1.39M
ALLY icon
43
CALL
Ally Financial
ALLY
$13.3B
$3.57M 0.57%
+180,000
New +$3.06M
MTSI icon
44
CALL
MACOM Technology Solutions
MTSI
$20.6B
$3.44M 0.55%
+100,000
New +$2.92M
CCX.U
45
DELISTED
Churchill Capital Corp II
CCX.U
$3.37M 0.53%
276,280
– –
GNOG
46
DELISTED
Golden Nugget Online Gaming, Inc. Class A Common Stock
GNOG
$3.35M 0.53%
+204,844
New +$2.08M
MCD icon
47
CALL
McDonald's
MCD
$190B
$3.32M 0.53%
18,000
+4,000
+29% +$733K
PTACU
48
DELISTED
PropTech Acquisition Corporation Unit
PTACU
$3.3M 0.52%
311,101
– –
MX icon
49
Magnachip Semiconductor
MX
$130M
$3.23M 0.51%
313,333
-36,667
-10% -$409K
ACM icon
50
CALL
Aecom
ACM
$9.15B
$3.19M 0.51%
+85,000
New +$3.04M
1
2
3 4 5

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K2 Principal Fund's Q2 2020 Portfolio in Review

As of Q2 2020, K2 Principal Fund held 357 positions worth $629M, up 19% from $528M the previous quarter. Its ten largest holdings account for 27% of the portfolio.

K2 Principal Fund's Q2 2020 filing shows 124 new, 39 increased, 33 reduced and 105 closed positions. Its largest new stake was PennyMac Financial: 236,609 shares worth $9.89M. The largest sale was Utz Brands, an estimated $8.28M.

By sector, the portfolio is most concentrated in Financials at 6.9% of assets, up from 4.8% a quarter earlier, followed by Consumer Discretionary and Technology.

  • K2 Principal Fund's largest Q2 2020 buy was PennyMac Financial: 236,609 shares worth $9.89M.
  • K2 Principal Fund added most to Global Blue Group Holding in Q2 2020, an estimated $12M increase.
  • K2 Principal Fund's biggest Q2 2020 reduction was Norbord Inc., cutting an estimated $1.97M.
  • K2 Principal Fund fully exited Utz Brands in Q2 2020, selling an estimated $8.28M.
  • K2 Principal Fund's ten largest holdings make up 27% of its $629M portfolio in Q2 2020.
  • K2 Principal Fund opened 124 new positions and closed 105 in Q2 2020.
  • K2 Principal Fund's portfolio value rose 19% quarter-over-quarter to $629M.

Based on K2 Principal Fund's 13F filing for Q2 2020, filed 13 Aug 2020.