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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
IVTY
201
DELISTED
Invuity, Inc
IVTY
$1M 0.1%
+135,734
New +$652K
NSU
202
DELISTED
Nevsun Resources Ltd.
NSU
$999K 0.1%
225,544
+20,000
+10% +$76.8K
UNVR
203
DELISTED
Univar Solutions Inc.
UNVR
$986K 0.09%
+32,165
New +$895K
BRMK
204
DELISTED
Broadmark Realty Capital Inc. Common Stock
BRMK
$983K 0.09%
+100,000
New +$980K
MPC icon
205
Marathon Petroleum
MPC
$90.3B
$976K 0.09%
+12,201
New +$965K
CSCO icon
206
Cisco
CSCO
$450B
$973K 0.09%
20,000
-55,000
-73% -$2.47M
MSFT icon
207
PUT
Microsoft
MSFT
$2.84T
$972K 0.09%
+8,500
New +$921K
DD icon
208
DuPont de Nemours
DD
$18.6B
$965K 0.09%
5,923
-8,953
-60% -$1.54M
EA icon
209
Electronic Arts
EA
$52.4B
$964K 0.09%
+8,000
New +$1.03M
EACQW
210
DELISTED
Easterly Acquisition Corp.
EACQW
$955K 0.09%
868,203
+136,231
+19% +$157K
HYG icon
211
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$951K 0.09%
11,000
-9,000
-45% -$773K
AMD icon
212
PUT
Advanced Micro Devices
AMD
$851B
$927K 0.09%
+30,000
New +$677K
MU icon
213
CALL
Micron Technology
MU
$1.04T
$909K 0.09%
+20,100
New +$1.01M
MU icon
214
PUT
Micron Technology
MU
$1.04T
$905K 0.09%
20,000
-30,000
-60% -$1.51M
ROSEW
215
DELISTED
Rosehill Resources Inc.
ROSEW
$895K 0.09%
864,548
-300,000
-26% -$389K
HCAC.WS
216
DELISTED
Hennessy Capital Acquisition Corp. III
HCAC.WS
$890K 0.09%
593,199
-134,901
-19% -$200K
CTOS icon
217
Custom Truck One Source
CTOS
$2.47B
$886K 0.09%
+89,513
New +$884K
MGA icon
218
Magna International
MGA
$17.9B
$886K 0.09%
+16,875
New +$947K
SODA
219
DELISTED
SodaStream International Ltd
SODA
$873K 0.08%
+6,100
New +$734K
FMC icon
220
PUT
FMC
FMC
$1.42B
$872K 0.08%
+11,530
New +$869K
CUBE icon
221
CubeSmart
CUBE
$9.53B
$856K 0.08%
+30,000
New +$917K
TWTR
222
PUT
DELISTED
Twitter, Inc.
TWTR
$854K 0.08%
+30,000
New +$1.06M
SYNT
223
DELISTED
Syntel Inc
SYNT
$828K 0.08%
+20,211
New +$809K
USG
224
DELISTED
Usg
USG
$812K 0.08%
18,748
-2,352
-11% -$102K
BAK icon
225
PUT
Braskem
BAK
$980M
$808K 0.08%
+28,000
New +$796K
7 8
9
10 11

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KGI
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SC
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WIM
Weitz Investment Management Omaha, Nebraska $1.43B AUM 0.51% 1-Year Est. Return
LCG
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CCM
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TS
Triglav Skladi Ljubljana, Slovenia $1.43B AUM 39.24% 1-Year Est. Return
SMA
Sage Mountain Advisors Atlanta, Georgia $1.43B AUM 16.47% 1-Year Est. Return
SCA
Stonebridge Capital Advisors St Paul, Minnesota $1.43B AUM 21.98% 1-Year Est. Return

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.