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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
+1%
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
$925M
AUM Growth
+$96.1M
Cap. Flow
-$40.2M
Cap. Flow %
-4.35%
Top 10 Hldgs %
15.68%
Holding
421
New
140
Increased
50
Reduced
44
Closed
117

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$20.8M
2
V icon
Visa
V
+$9.2M
3
SPCE icon
Virgin Galactic
SPCE
+$8.23M
4
AMD icon
Advanced Micro Devices
AMD
+$8M
5
QCOM icon
Qualcomm
QCOM
+$7.9M

Top Sells

Rank Stock Value
1
LLL
L3 Technologies, Inc.
LLL
+$8.64M
2
RHT
Red Hat Inc
RHT
+$8M
3
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$7.86M
4
DFBHU
DFB Healthcare Acquisitions Corp. Unit
DFBHU
+$7.84M
5
CTOS icon
Custom Truck One Source
CTOS
+$6.52M

Sector Composition

Rank Sector Weight
1 Industrials 7.92%
2 Consumer Discretionary 6.81%
3 Technology 6.05%
4 Communication Services 4.25%
5 Financials 3.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CUK
51
DELISTED
Carnival PLC
CUK
$4.63M 0.5%
110,000
+10,000
+10% +$447K
MFAC.U
52
DELISTED
Megalith Financial Acquisition Corp. Units, each consisting of one share of Class A Common Stock, an
MFAC.U
$4.62M 0.5%
441,992
-24,500
-5% -$255K
BPYU
53
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
$4.57M 0.49%
223,980
– –
TRNE.U
54
DELISTED
Trine Acquisition Corp. Units, each consisting of one share of Class A Common Stock and one-half of
TRNE.U
$4.55M 0.49%
439,400
-279,500
-39% -$2.85M
DDMX
55
DELISTED
DD3 Acquisition Corp. S A de CV
DDMX
$4.49M 0.49%
+442,668
New +$4.46M
WYNN icon
56
CALL
Wynn Resorts
WYNN
$10.1B
$4.35M 0.47%
+40,000
New +$4.76M
ZAYO
57
DELISTED
Zayo Group Holdings, Inc.
ZAYO
$4.34M 0.47%
128,179
+49,079
+62% +$1.65M
GWR
58
DELISTED
Genesee & Wyoming Inc.
GWR
$4.33M 0.47%
+39,173
New +$4.31M
ARYAU
59
DELISTED
ARYA Sciences Acquisiton Corp. Unit
ARYAU
$4.29M 0.46%
391,875
– –
AGN
60
DELISTED
Allergan plc
AGN
$4.21M 0.46%
25,000
+12,500
+100% +$2.04M
IIPR icon
61
PUT
Innovative Industrial Properties
IIPR
$1.78B
$4.18M 0.45%
45,300
+20,300
+81% +$2.14M
IP icon
62
PUT
International Paper
IP
$22.3B
$4.18M 0.45%
105,600
+5,280
+5% +$206K
PFPT
63
DELISTED
Proofpoint, Inc.
PFPT
$4.13M 0.45%
32,000
+21,200
+196% +$2.59M
GIX.U
64
DELISTED
GigCapital2, Inc.
GIX.U
$4.12M 0.45%
400,000
– –
LCAHU
65
DELISTED
Landcadia Holdings II, Inc. Unit
LCAHU
$4.09M 0.44%
405,046
-178,878
-31% -$1.79M
PIC.U
66
DELISTED
Pivotal Investment Corporation II Units, each consisting of one share of Class A common stock and on
PIC.U
$4.07M 0.44%
+400,000
New +$4.05M
RPLA.U
67
DELISTED
Replay Acquisition Corp.
RPLA.U
$4.07M 0.44%
398,605
-384,789
-49% -$3.89M
OAC.U
68
DELISTED
Oaktree Acquisition Corp.
OAC.U
$4.07M 0.44%
+400,106
New +$4.06M
NFINU
69
DELISTED
Netfin Acquisition Corp. Unit
NFINU
$4.04M 0.44%
+400,000
New +$4.03M
CTACU
70
DELISTED
ChaSerg Technology Acquisition Corp. Unit
CTACU
$3.99M 0.43%
375,000
– –
STI
71
DELISTED
SunTrust Banks, Inc.
STI
$3.98M 0.43%
57,838
+47,831
+478% +$3.06M
MPVD
72
DELISTED
Mountain Province Diamonds Inc.
MPVD
$3.92M 0.42%
+3,164,310
New +$2.86M
PHGE icon
73
BiomX
PHGE
$2.04M
$3.91M 0.42%
2,029
+1,770
+683% +$3.47M
PFPT
74
CALL
DELISTED
Proofpoint, Inc.
PFPT
$3.87M 0.42%
30,000
-30,000
-50% -$3.67M
BRPM.U
75
DELISTED
B. Riley Principal Merger Corp.
BRPM.U
$3.86M 0.42%
382,222
-19,678
-5% -$197K
1 2
3
4 5

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K2 Principal Fund's Q3 2019 Portfolio in Review

As of Q3 2019, K2 Principal Fund held 421 positions worth $925M, up 12% from $828M the previous quarter. Its ten largest holdings account for 16% of the portfolio.

K2 Principal Fund withdrew a net $40.2M in Q3 2019, closing 117 positions and reducing 44 holdings. Its most notable exit was L3 Technologies, Inc., an estimated $8.64M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 7.9% of assets, up from 7.8% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, K2 Principal Fund opened a new position in Amazon worth $19.5M.

  • K2 Principal Fund's largest Q3 2019 buy was Amazon: 224,300 shares worth $19.5M.
  • K2 Principal Fund added most to Virgin Galactic in Q3 2019, an estimated $8.23M increase.
  • K2 Principal Fund's biggest Q3 2019 reduction was LiveVox Holding, Inc. Unit, cutting an estimated $6.14M.
  • K2 Principal Fund fully exited L3 Technologies, Inc. in Q3 2019, selling an estimated $8.64M.
  • K2 Principal Fund's ten largest holdings make up 16% of its $925M portfolio in Q3 2019.
  • K2 Principal Fund opened 140 new positions and closed 117 in Q3 2019.
  • K2 Principal Fund's portfolio value rose 12% quarter-over-quarter to $925M.

Based on K2 Principal Fund's 13F filing for Q3 2019, filed 15 Nov 2019.