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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
+6.61%
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
$669M
AUM Growth
+$39.7M
Cap. Flow
-$77.2M
Cap. Flow %
-11.54%
Top 10 Hldgs %
20.07%
Holding
361
New
109
Increased
44
Reduced
41
Closed
118

Top Buys

Rank Stock Value
1
PFSI icon
PennyMac Financial
PFSI
+$14.1M
2
PRPB.U
CC Neuberger Principal Holdings II
PRPB.U
+$9.95M
3
FGNA.U
FG New America Acquisition Corp. Units, each consisting of one share of Class A common stock and one
FGNA.U
+$8.34M
4
WPF
Foley Trasimene Acquisition Corp.
WPF
+$7.22M
5
CCIV.U
Churchill Capital Corp IV Units, each consisting of one share of Class A common stock and one-fifth
CCIV.U
+$7.06M

Top Sells

Rank Stock Value
1
GB
Global Blue Group Holding
GB
+$13.5M
2
CFFAU
CF Finance Acquisition Corp. Unit
CFFAU
+$10.5M
3
PAYA
Paya Holdings Inc. Class A Common Stock
PAYA
+$9.71M
4
FSR
Fisker Inc.
FSR
+$7.79M
5
OPEN icon
Opendoor
OPEN
+$6.16M

Sector Composition

Rank Sector Weight
1 Financials 9.57%
2 Technology 6%
3 Consumer Discretionary 4.46%
4 Consumer Staples 3.65%
5 Healthcare 3.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PSACU
101
DELISTED
Property Solutions Acquisition Corp. Unit
PSACU
$1.86M 0.28%
+184,100
New +$1.84M
UA icon
102
Under Armour Class C
UA
$2.95B
$1.77M 0.26%
+180,000
New +$1.69M
CNP icon
103
CenterPoint Energy
CNP
$28.3B
$1.72M 0.26%
88,901
-25,228
-22% -$495K
NBL
104
DELISTED
Noble Energy, Inc.
NBL
$1.7M 0.25%
+199,112
New +$1.95M
MAT icon
105
PUT
Mattel
MAT
$4.47B
$1.65M 0.25%
141,000
+131,000
+1,310% +$1.46M
OBIO icon
106
Orchestra BioMed
OBIO
$228M
$1.64M 0.25%
+149,000
New +$1.67M
SLV icon
107
CALL
iShares Silver Trust
SLV
$27.7B
$1.62M 0.24%
75,000
-150,000
-67% -$3.41M
PMT
108
PennyMac Mortgage Investment
PMT
$845M
$1.61M 0.24%
+100,232
New +$1.78M
HPQ icon
109
CALL
HP
HPQ
$26B
$1.61M 0.24%
+84,800
New +$1.55M
PCG icon
110
PG&E
PCG
$39B
$1.57M 0.23%
166,932
+56,932
+52% +$528K
SCHW
111
Charles Schwab
SCHW
$182B
$1.56M 0.23%
43,152
-43,244
-50% -$1.5M
FCACU
112
DELISTED
Falcon Capital Acquisition Corp. Unit
FCACU
$1.54M 0.23%
+150,000
New +$1.54M
IMMU
113
DELISTED
Immunomedics Inc
IMMU
$1.5M 0.22%
+17,582
New +$889K
LSEAW
114
CALL
DELISTED
Landsea Homes Corporation Warrant
LSEAW
$1.49M 0.22%
826,703
+549,398
+198% +$621K
ABEV icon
115
Ambev
ABEV
$47.9B
$1.46M 0.22%
647,895
+627,722
+3,112% +$1.57M
VSLR
116
DELISTED
VIVINT SOLAR, INC.
VSLR
$1.44M 0.22%
+34,004
New +$877K
SMTC icon
117
Semtech
SMTC
$9.65B
$1.38M 0.21%
+26,000
New +$1.46M
JE
118
DELISTED
Just Energy Group Inc
JE
$1.37M 0.2%
+197,092
New +$2.27M
CRM icon
119
Salesforce
CRM
$154B
$1.26M 0.19%
+5,000
New +$1.09M
WTW icon
120
Willis Towers Watson
WTW
$29.8B
$1.25M 0.19%
6,000
+4,000
+200% +$817K
ACTCU
121
DELISTED
ArcLight Clean Transition Corp. Unit
ACTCU
$1.24M 0.19%
+123,768
New +$1.24M
AAWW
122
PUT
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
$1.22M 0.18%
+20,000
New +$1.1M
AJRD
123
PUT
DELISTED
Aerojet Rocketdyne Holdings
AJRD
$1.2M 0.18%
+30,000
New +$1.21M
MGP
124
DELISTED
MGM Growth Properties LLC Class A common shares representing limited liability company interests
MGP
$1.12M 0.17%
40,008
-10,593
-21% -$295K
EXR icon
125
PUT
Extra Space Storage
EXR
$32.3B
$1.07M 0.16%
+10,000
New +$1.03M
3 4
5
6 7

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K2 Principal Fund's Q3 2020 Portfolio in Review

As of Q3 2020, K2 Principal Fund held 361 positions worth $669M, up 6.3% from $629M the previous quarter. Its ten largest holdings account for 20% of the portfolio.

K2 Principal Fund withdrew a net $77.2M in Q3 2020, closing 118 positions and reducing 41 holdings. Its most notable exit was Global Blue Group Holding, an estimated $13.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 9.6% of assets, up from 6.9% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, K2 Principal Fund opened a new position in CC Neuberger Principal Holdings II worth $10.1M.

  • K2 Principal Fund's largest Q3 2020 buy was CC Neuberger Principal Holdings II: 976,880 shares worth $10.1M.
  • K2 Principal Fund added most to PennyMac Financial in Q3 2020, an estimated $14.1M increase.
  • K2 Principal Fund's biggest Q3 2020 reduction was Tuscan Holdings Corp. II Common Stock, cutting an estimated $3.5M.
  • K2 Principal Fund fully exited Global Blue Group Holding in Q3 2020, selling an estimated $13.5M.
  • K2 Principal Fund's ten largest holdings make up 20% of its $669M portfolio in Q3 2020.
  • K2 Principal Fund opened 109 new positions and closed 118 in Q3 2020.
  • K2 Principal Fund's portfolio value rose 6.3% quarter-over-quarter to $669M.

Based on K2 Principal Fund's 13F filing for Q3 2020, filed 13 Nov 2020.