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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
+3.64%
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
$1.04B
AUM Growth
-$251M
Cap. Flow
-$317M
Cap. Flow %
-30.46%
Top 10 Hldgs %
19.43%
Holding
449
New
137
Increased
69
Reduced
76
Closed
122

Top Buys

Rank Stock Value
1
NRCG
NRC Group Holdings Corp.
NRCG
+$11M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$10.9M
3
SPAQ.U
Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
+$10.4M
4
BPYU
Brookfield Property REIT Inc. Class A Common Stock
BPYU
+$9.85M
5
CA
CA, Inc.
CA
+$8.12M

Top Sells

Rank Stock Value
1
NXPI icon
NXP Semiconductors
NXPI
+$25M
2
AABA
Altaba Inc
AABA
+$23.1M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$14.2M
4
LGC.U
Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val
LGC.U
+$10.4M
5
PACQU
Pure Acquisition Corp. Unit
PACQU
+$10.4M

Sector Composition

Rank Sector Weight
1 Technology 9.34%
2 Financials 8.83%
3 Industrials 5.23%
4 Communication Services 4.39%
5 Healthcare 4.12%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BCAC
176
DELISTED
Bison Capital Acquistion Corp Ordinary Shares
BCAC
$1.34M 0.13%
131,426
– –
CLW icon
177
PUT
Clearwater Paper
CLW
$271M
$1.32M 0.13%
+44,300
New +$1.19M
SNX icon
178
PUT
TD Synnex
SNX
$19.4B
$1.27M 0.12%
+30,000
New +$1.45M
ASHR icon
179
CALL
Xtrackers Harvest CSI 300 China A-Shares ETF
ASHR
$1.35B
$1.27M 0.12%
+50,000
New +$1.26M
PX
180
DELISTED
Praxair Inc
PX
$1.24M 0.12%
7,700
-15,400
-67% -$2.47M
LSCC icon
181
Lattice Semiconductor
LSCC
$17.6B
$1.22M 0.12%
+153,000
New +$1.13M
LCAHW
182
DELISTED
Landcadia Holdings, Inc. Warrant
LCAHW
$1.22M 0.12%
1,024,149
+616,800
+151% +$532K
MS icon
183
PUT
Morgan Stanley
MS
$337B
$1.16M 0.11%
+25,000
New +$1.22M
WCN
184
Waste Connections
WCN
$42.8B
$1.16M 0.11%
14,553
-17,753
-55% -$1.39M
SPA
185
DELISTED
Sparton
SPA
$1.13M 0.11%
78,546
-80,586
-51% -$1.17M
VEACW
186
DELISTED
Vantage Energy Acquisition Corp.
VEACW
$1.13M 0.11%
833,333
– –
PRTHW
187
DELISTED
Priority Technology Holdings, Inc. Warrant
PRTHW
$1.12M 0.11%
+797,219
New +$1.38M
GSHTW
188
DELISTED
Gores Holdings II, Inc. Warrants
GSHTW
$1.1M 0.11%
518,284
+267,118
+106% +$516K
USO icon
189
PUT
United States Oil Fund
USO
$2.45B
$1.09M 0.1%
8,750
+3,750
+75% +$433K
XOP icon
190
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.42B
$1.08M 0.1%
6,250
+1,250
+25% +$210K
KS
191
PUT
DELISTED
KapStone Paper and Pack Corp.
KS
$1.08M 0.1%
+31,900
New +$1.1M
TEVA icon
192
CALL
Teva Pharmaceuticals
TEVA
$35.9B
$1.08M 0.1%
+50,000
New +$1.16M
BF.A icon
193
Brown-Forman Class A
BF.A
$12.3B
$1.07M 0.1%
21,164
-23,236
-52% -$1.22M
ROSE
194
DELISTED
Rosehill Resources Inc. Class A
ROSE
$1.07M 0.1%
195,714
-123,184
-39% -$1M
IMXIW
195
DELISTED
International Money Expresss, Inc. Warrant
IMXIW
$1.07M 0.1%
+456,784
New +$771K
AAL icon
196
CALL
American Airlines Group
AAL
$9.58B
$1.07M 0.1%
+25,900
New +$1.01M
LGF.B
197
DELISTED
Lions Gate Entertainment Corp. Class B Non-Voting Shares
LGF.B
$1.06M 0.1%
+45,500
New +$1.02M
BHAC
198
DELISTED
Barington/Hilco Acquisition Corp.
BHAC
$1.06M 0.1%
97,892
– –
MTEC
199
DELISTED
MTech Acquisition Corp. Class A Common Stock
MTEC
$1.05M 0.1%
102,870
-144,119
-58% -$1.45M
NWL icon
200
CALL
Newell Brands
NWL
$2.16B
$1.01M 0.1%
+50,000
New +$1.17M
6 7
8
9 10

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WIM
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LCG
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CCM
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SMA
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SCA
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K2 Principal Fund's Q3 2018 Portfolio in Review

As of Q3 2018, K2 Principal Fund held 449 positions worth $1.04B, down 19% from $1.29B the previous quarter. Its ten largest holdings account for 19% of the portfolio.

K2 Principal Fund withdrew a net $317M in Q3 2018, closing 122 positions and reducing 76 holdings. Its most notable exit was Altaba Inc, an estimated $23.1M position sold in full.

By sector, the portfolio is most concentrated in Technology at 9.3% of assets, down from 14% a quarter earlier, followed by Financials and Industrials.

Against the trend, K2 Principal Fund opened a new position in Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of worth $10.5M.

  • K2 Principal Fund's largest Q3 2018 buy was Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of: 1,031,500 shares worth $10.5M.
  • K2 Principal Fund added most to NRC Group Holdings Corp. in Q3 2018, an estimated $11M increase.
  • K2 Principal Fund's biggest Q3 2018 reduction was NXP Semiconductors, cutting an estimated $25M.
  • K2 Principal Fund fully exited Altaba Inc in Q3 2018, selling an estimated $23.1M.
  • K2 Principal Fund's ten largest holdings make up 19% of its $1.04B portfolio in Q3 2018.
  • K2 Principal Fund opened 137 new positions and closed 122 in Q3 2018.
  • K2 Principal Fund's portfolio value fell 19% quarter-over-quarter to $1.04B.

Based on K2 Principal Fund's 13F filing for Q3 2018, filed 13 Nov 2018.