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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
+19.62%
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
$475M
AUM Growth
+$48.1M
Cap. Flow
+$21.9M
Cap. Flow %
4.62%
Top 10 Hldgs %
35.19%
Holding
245
New
85
Increased
33
Reduced
25
Closed
93

Top Buys

Rank Stock Value
1
PCYC
PHARMACYCLICS INC
PCYC
+$20.5M
2
SLXP
SALIX PHARMACEUTICALS LTD DEL
SLXP
+$15.3M
3
DRC
DRESSER-RAND GROUP INC
DRC
+$11.7M
4
LXU icon
LSB Industries
LXU
+$9.04M
5
MWV
MEADWESTVACO CORP
MWV
+$8.05M

Top Sells

Rank Stock Value
1
AGN
Allergan Inc
AGN
+$23.9M
2
CBST
CUBIST PHARMACEUTICALS INC
CBST
+$16.9M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$12.9M
4
TLM
TALISMAN ENERGY INC
TLM
+$6.65M
5
MNDT
Mandiant, Inc. Common Stock
MNDT
+$5.63M

Sector Composition

Rank Sector Weight
1 Technology 10.83%
2 Materials 6.28%
3 Consumer Discretionary 6.13%
4 Communication Services 5.93%
5 Financials 4.11%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
JE
201
PUT
DELISTED
Just Energy Group Inc
JE
– –
-727
Closed -$126K
AGN
202
PUT
DELISTED
Allergan plc
AGN
– –
-6,500
Closed -$1.67M
MPVD
203
DELISTED
Mountain Province Diamonds Inc.
MPVD
– –
-31,800
Closed -$133K
BID
204
PUT
DELISTED
Sotheby's
BID
– –
-12,300
Closed -$531K
RDC
205
CALL
DELISTED
Rowan Companies Plc
RDC
– –
-31,300
Closed -$730K
HBM.WS
206
DELISTED
Hudbay Minerals Inc.
HBM.WS
– –
-115,897
Closed -$100K
AGU
207
DELISTED
Agrium
AGU
– –
-45,248
Closed -$4.29M
MSLI
208
DELISTED
Merus Labs International Inc.
MSLI
– –
-895,298
Closed -$1.48M
MEG
209
DELISTED
Media General, Inc
MEG
– –
-11,045
Closed -$185K
QLTI
210
DELISTED
QLT Inc
QLTI
– –
-63,600
Closed -$255K
SMT
211
DELISTED
SMART TECHNOLOGIES INC COM NEW
SMT
– –
-48,848
Closed -$576K
TC
212
CALL
DELISTED
Thompson Creek Metals Company Inc. Ordinary Shares (Canada)
TC
– –
-20,400
Closed -$34K
MWV
213
CALL
DELISTED
MEADWESTVACO CORP
MWV
– –
-37,400
Closed -$1.66M
TLM
214
DELISTED
TALISMAN ENERGY INC
TLM
– –
-869,716
Closed -$6.65M
UPI
215
DELISTED
UROPLASTY INC-NEW
UPI
– –
-25,000
Closed -$52K
BRP
216
DELISTED
BROOKFIELD RESIDENTIAL PROPERTIES INC
BRP
– –
-49,637
Closed -$1.19M
PETM
217
DELISTED
PETSMART INC
PETM
– –
-6,828
Closed -$555K
CACG
218
DELISTED
CHART ACQUISITION CORP COM
CACG
– –
-91,074
Closed -$890K
NPSP
219
CALL
DELISTED
NPS PHARMACEUTICALS INC
NPSP
– –
-20,400
Closed -$730K
NPSP
220
DELISTED
NPS PHARMACEUTICALS INC
NPSP
– –
-20,000
Closed -$715K
TRLA
221
DELISTED
TRULIA INC (DEL)
TRLA
– –
-9,100
Closed -$419K
DRIV
222
DELISTED
DIGITAL RIVER INC.
DRIV
– –
-73,181
Closed -$1.81M
RNA
223
DELISTED
PROSENSA HLDGS N V ORD SHS (NLD)
RNA
– –
-44,183
Closed -$828K
CIMT
224
DELISTED
CIMATRON LTD ORD SHS
CIMT
– –
-83,382
Closed -$739K
PL
225
DELISTED
PROTECTIVE LIFE CORP
PL
– –
-8,500
Closed -$592K
6 7 8
9
10

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K2 Principal Fund's Q1 2015 Portfolio in Review

As of Q1 2015, K2 Principal Fund held 245 positions worth $475M, up 11% from $426M the previous quarter. Its ten largest holdings account for 35% of the portfolio.

K2 Principal Fund deployed $21.9M of net new capital in Q1 2015, opening 85 new positions and adding to 33 existing holdings. Its largest new stake was PHARMACYCLICS INC: 106,091 shares worth $27.2M.

By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 4.5% a quarter earlier, followed by Materials and Consumer Discretionary.

On the sell side, the largest reduction was Alphabet (Google) Class C, an estimated $12.9M trimmed.

  • K2 Principal Fund's largest Q1 2015 buy was PHARMACYCLICS INC: 106,091 shares worth $27.2M.
  • K2 Principal Fund added most to DRESSER-RAND GROUP INC in Q1 2015, an estimated $11.7M increase.
  • K2 Principal Fund's biggest Q1 2015 reduction was Alphabet (Google) Class C, cutting an estimated $12.9M.
  • K2 Principal Fund fully exited Allergan Inc in Q1 2015, selling an estimated $23.9M.
  • K2 Principal Fund's ten largest holdings make up 35% of its $475M portfolio in Q1 2015.
  • K2 Principal Fund opened 85 new positions and closed 93 in Q1 2015.
  • K2 Principal Fund's portfolio value rose 11% quarter-over-quarter to $475M.

Based on K2 Principal Fund's 13F filing for Q1 2015, filed 30 Apr 2015.