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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
BROGU
176
DELISTED
Twelve Seas Investment Company Units
BROGU
$942K 0.11%
88,800
– –
BGC icon
177
BGC Group
BGC
$5.58B
$941K 0.11%
180,000
-20,000
-10% -$104K
IPOA.WS
178
DELISTED
Social Capital Hedosophia Holdings Corp. Warrants, each whole warrant exercisable for one Class A Or
IPOA.WS
$911K 0.11%
+680,090
New +$658K
NWSA icon
179
News Corp Class A
NWSA
$14.5B
$871K 0.11%
+64,532
New +$789K
LEXEA
180
DELISTED
Liberty Expedia Holdings, Inc. Class A Common Stock
LEXEA
$855K 0.1%
17,896
-138,204
-89% -$6.1M
ALYA
181
DELISTED
Alithya Group Inc Class A Subordinate Voting Shares
ALYA
$839K 0.1%
346,677
– –
BROG
182
DELISTED
Brooge Energy
BROG
$837K 0.1%
82,465
+54,265
+192% +$548K
DFRG
183
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
$830K 0.1%
+104,264
New +$689K
CHR icon
184
Cheer Holding
CHR
$3.64M
$821K 0.1%
55
-28
-34% -$419K
ONCE
185
CALL
DELISTED
Spark Therapeutics, Inc. Common Stock
ONCE
$809K 0.1%
+7,900
New +$853K
COHR icon
186
Coherent
COHR
$55.2B
$801K 0.1%
21,922
+15,268
+229% +$557K
CZR
187
CALL
DELISTED
Caesars Entertainment Corporation
CZR
$773K 0.09%
65,400
-164,600
-72% -$1.56M
LSEA
188
DELISTED
Landsea Homes
LSEA
$761K 0.09%
75,000
– –
AMD icon
189
Advanced Micro Devices
AMD
$851B
$759K 0.09%
25,000
+10,000
+67% +$285K
TTCF
190
DELISTED
Tattooed Chef, Inc Class A Common Stock
TTCF
$753K 0.09%
75,000
– –
ACN icon
191
Accenture
ACN
$89.9B
$739K 0.09%
+4,000
New +$718K
NESRW
192
DELISTED
National Energy Services Reunited Corp. Warrant
NESRW
$734K 0.09%
+863,281
New +$827K
NRCG.WS
193
DELISTED
NRC Group Holdings Corp.
NRCG.WS
$728K 0.09%
+440,559
New +$410K
TRK
194
DELISTED
Speedway Motorsports, Inc.
TRK
$690K 0.08%
+37,206
New +$645K
IYT icon
195
iShares US Transportation ETF
IYT
$2.33B
$677K 0.08%
+14,400
New +$680K
EBAY icon
196
PUT
eBay
EBAY
$48.6B
$672K 0.08%
17,000
-4,000
-19% -$150K
GNLN icon
197
Greenlane Holdings
GNLN
$1.33M
– –
0
– –
THWWW
198
DELISTED
Target Hospitality Corp. Warrant expiring 3/15/2024
THWWW
$671K 0.08%
+335,675
New +$690K
MVSTW
199
DELISTED
Microvast Holdings Warrants
MVSTW
$663K 0.08%
+850,000
New +$602K
ROSE
200
DELISTED
Rosehill Resources Inc. Class A
ROSE
$652K 0.08%
195,714
– –
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 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.