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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
STI
201
DELISTED
SunTrust Banks, Inc.
STI
$629K 0.08%
10,007
-13,396
-57% -$842K
PVG
202
PUT
DELISTED
PRETIUM RESOURCES INC.
PVG
$627K 0.08%
62,600
– –
ABBV icon
203
PUT
AbbVie
ABBV
$457B
$625K 0.08%
+8,600
New +$676K
QUAD icon
204
Quad
QUAD
$443M
$610K 0.07%
77,110
-74,880
-49% -$784K
WP
205
DELISTED
Worldpay, Inc.
WP
$600K 0.07%
+4,900
New +$581K
SPY icon
206
State Street SPDR S&P 500 ETF Trust
SPY
$780B
$586K 0.07%
+2,000
New +$576K
IMI
207
DELISTED
Intermolecular, Inc.
IMI
$531K 0.06%
+453,675
New +$521K
VRNS icon
208
Varonis Systems
VRNS
$5.36B
$496K 0.06%
24,000
-6,000
-20% -$129K
BTCT icon
209
BTC Digital
BTCT
$9.61M
$493K 0.06%
83
– –
PHGE icon
210
BiomX
PHGE
$2.07M
$461K 0.06%
+259
New +$481K
HF
211
DELISTED
HFF Inc.
HF
$460K 0.06%
+10,120
New +$463K
LBTYA icon
212
Liberty Global Class A
LBTYA
$3.34B
$453K 0.05%
+16,795
New +$443K
LILA icon
213
Liberty Latin America Class A
LILA
$1.55B
$430K 0.05%
+38,985
New +$477K
SFLY
214
DELISTED
Shutterfly, Inc.
SFLY
$409K 0.05%
+8,100
New +$370K
MDSO
215
DELISTED
Medidata Solutions, Inc.
MDSO
$407K 0.05%
+4,500
New +$395K
X
216
PUT
DELISTED
US Steel
X
$383K 0.05%
+25,000
New +$385K
CFFAW
217
DELISTED
CF Finance Acquisition Corp. Warrant
CFFAW
$377K 0.05%
+627,677
New +$347K
ROSEW
218
DELISTED
Rosehill Resources Inc.
ROSEW
$373K 0.05%
+864,548
New +$424K
AHCO icon
219
AdaptHealth
AHCO
$1.51B
$354K 0.04%
35,000
– –
HOFV
220
DELISTED
Hall of Fame Resort & Entertainment Co
HOFV
$350K 0.04%
2,187
-25
-1% -$3.98K
ALAC
221
DELISTED
Alberton Acquisition Corp
ALAC
$347K 0.04%
34,244
-40,756
-54% -$409K
FPAC.WS
222
DELISTED
Far Point Acquisition Corporation Warrants, exercisable for one share of Class A Common Stock for $1
FPAC.WS
$332K 0.04%
+259,634
New +$353K
PACK.WS
223
DELISTED
One Madison Corporation Warrants, each whole warrant is exercisable for one Class A Common Stock at
PACK.WS
$331K 0.04%
+275,992
New +$354K
CKH
224
PUT
DELISTED
Seacor Holdings Inc.
CKH
$285K 0.03%
6,000
– –
BBCP icon
225
Concrete Pumping Holdings
BBCP
$517M
$267K 0.03%
+52,222
New +$297K
7 8
9
10 11

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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.