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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
+5.24%
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
$828M
AUM Growth
+$43.8M
Cap. Flow
-$46.5M
Cap. Flow %
-5.61%
Top 10 Hldgs %
17.92%
Holding
425
New
134
Increased
44
Reduced
44
Closed
148

Top Buys

Rank Stock Value
1
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$8.4M
2
LLL
L3 Technologies, Inc.
LLL
+$8.23M
3
GXGXU
GX Acquisiton Corp. Unit
GXGXU
+$8.03M
4
RPLA.U
Replay Acquisition Corp.
RPLA.U
+$7.87M
5
HYACU
Haymaker Acquisition Corp. II Unit
HYACU
+$6.07M

Top Sells

Rank Stock Value
1
VEAC
Vantage Energy Acquisition Corp. Class A
VEAC
+$12.1M
2
THCBU
Tuscan Holdings Corp. Unit
THCBU
+$8.93M
3
KXIN icon
Kaixin Holdings
KXIN
+$8.06M
4
TVPT
Travelport Worldwide Limited
TVPT
+$7.57M
5
LEXEA
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
+$6.1M

Sector Composition

Rank Sector Weight
1 Industrials 7.84%
2 Communication Services 6.63%
3 Technology 6.37%
4 Consumer Discretionary 2.84%
5 Financials 1.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XLNX
151
DELISTED
Xilinx Inc
XLNX
$1.42M 0.17%
+12,000
New +$1.4M
DISH
152
CALL
DELISTED
DISH Network Corp.
DISH
$1.34M 0.16%
+35,000
New +$1.24M
PFPT
153
DELISTED
Proofpoint, Inc.
PFPT
$1.3M 0.16%
+10,800
New +$1.27M
MNCLU
154
DELISTED
Monocle Acquisition Corporation Units
MNCLU
$1.29M 0.16%
+125,500
New +$1.28M
TCF
155
DELISTED
TCF Financial Corporation
TCF
$1.28M 0.15%
+61,598
New +$1.29M
COUP
156
PUT
DELISTED
Coupa Software Incorporated
COUP
$1.27M 0.15%
+10,000
New +$1.07M
EVRI
157
DELISTED
Everi Holdings
EVRI
$1.25M 0.15%
+105,070
New +$1.14M
NVDA icon
158
CALL
NVIDIA
NVDA
$4.79T
$1.23M 0.15%
+300,000
New +$1.24M
AGBAU
159
DELISTED
AGBA Acquisition Ltd Unit
AGBAU
$1.22M 0.15%
+122,200
New +$1.23M
HYGS
160
DELISTED
Hydrogenics Corp
HYGS
$1.17M 0.14%
+78,916
New +$778K
MXIM
161
DELISTED
Maxim Integrated Products
MXIM
$1.16M 0.14%
19,366
-40,634
-68% -$2.32M
WM icon
162
PUT
Waste Management
WM
$95.7B
$1.15M 0.14%
+10,000
New +$1.09M
UA icon
163
Under Armour Class C
UA
$2.96B
$1.13M 0.14%
50,800
+30,000
+144% +$624K
LACQ
164
DELISTED
Leisure Acquisition Corp.
LACQ
$1.11M 0.13%
110,000
-100,000
-48% -$1.01M
FWONA icon
165
Liberty Media Series A
FWONA
$22.6B
$1.09M 0.13%
+31,830
New +$1.11M
APHA
166
PUT
DELISTED
Aphria Inc. Common Shares
APHA
$1.05M 0.13%
+150,000
New +$1.13M
GSAH.U
167
DELISTED
GS Acquisition Holdings Corp. Units, each consisting of one share of Class A common stock and one-th
GSAH.U
$1.05M 0.13%
100,000
– –
BRMK
168
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
$1.03M 0.12%
100,100
– –
CECO icon
169
Ceco Environmental
CECO
$4.2B
$1.01M 0.12%
105,375
-177,921
-63% -$1.52M
DEACU
170
DELISTED
Diamond Eagle Acquisition Corp. Unit
DEACU
$1.01M 0.12%
+100,000
New +$1.01M
PAYA
171
DELISTED
Paya Holdings Inc. Class A Common Stock
PAYA
$981K 0.12%
100,000
– –
RIDE
172
DELISTED
Lordstown Motors Corp. Class A Common Stock
RIDE
$972K 0.12%
+6,667
New +$973K
PACK icon
173
Ranpak Holdings
PACK
$552M
$956K 0.12%
108,047
-561,887
-84% -$5.59M
AVYA
174
PUT
DELISTED
Avaya Holdings Corp. Common Stock
AVYA
$953K 0.12%
+80,000
New +$1.22M
BATRK icon
175
Atlanta Braves Holdings Series B
BATRK
$3.25B
$949K 0.11%
33,925
+2,662
+9% +$73K
5 6
7
8 9

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K2 Principal Fund's Q2 2019 Portfolio in Review

As of Q2 2019, K2 Principal Fund held 425 positions worth $828M, up 5.6% from $785M the previous quarter. Its ten largest holdings account for 18% of the portfolio.

K2 Principal Fund withdrew a net $46.5M in Q2 2019, closing 148 positions and reducing 44 holdings. Its most notable exit was Vantage Energy Acquisition Corp. Class A, an estimated $12.1M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 7.8% of assets, up from 4.8% a quarter earlier, followed by Communication Services and Technology.

Against the trend, K2 Principal Fund opened a new position in L3 Technologies, Inc. worth $8.64M.

  • K2 Principal Fund's largest Q2 2019 buy was L3 Technologies, Inc.: 35,254 shares worth $8.64M.
  • K2 Principal Fund added most to Alphabet (Google) Class A in Q2 2019, an estimated $8.4M increase.
  • K2 Principal Fund's biggest Q2 2019 reduction was Tuscan Holdings Corp. Unit, cutting an estimated $8.93M.
  • K2 Principal Fund fully exited Vantage Energy Acquisition Corp. Class A in Q2 2019, selling an estimated $12.1M.
  • K2 Principal Fund's ten largest holdings make up 18% of its $828M portfolio in Q2 2019.
  • K2 Principal Fund opened 134 new positions and closed 148 in Q2 2019.
  • K2 Principal Fund's portfolio value rose 5.6% quarter-over-quarter to $828M.

Based on K2 Principal Fund's 13F filing for Q2 2019, filed 14 Aug 2019.