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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
+2.94%
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
$1.38B
AUM Growth
-$131M
Cap. Flow
-$183M
Cap. Flow %
-13.26%
Top 10 Hldgs %
27.73%
Holding
429
New
110
Increased
67
Reduced
72
Closed
142

Top Buys

Rank Stock Value
1
WCN
Waste Connections
WCN
+$18.2M
2
LGC.U
Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val
LGC.U
+$15M
3
MON
Monsanto Co
MON
+$12.8M
4
CMSSU
CM Seven Star Acquisition Corporation Unit
CMSSU
+$9.04M
5
HYACU
Haymaker Acquisition Corp. Unit
HYACU
+$8.39M

Top Sells

Rank Stock Value
1
DDC
Dominion Diamond Corporation
DDC
+$47M
2
RICE
Rice Energy Inc.
RICE
+$17.7M
3
DGI
DigitalGlobe Inc.
DGI
+$17.2M
4
VEAC
Vantage Energy Acquisition Corp. Class A
VEAC
+$13.1M
5
KNTK icon
Kinetik
KNTK
+$12.5M

Sector Composition

Rank Sector Weight
1 Technology 11.29%
2 Communication Services 9.62%
3 Energy 3.98%
4 Financials 3.39%
5 Industrials 3.17%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
XLK icon
1
PUT
State Street Technology Select Sector SPDR ETF
XLK
$116B
$83.2M 6.02%
+2,603,000
New +$81.6M
GOOGL icon
2
Alphabet (Google) Class A
GOOGL
$3.88T
$64M 4.63%
1,215,060
+142,940
+13% +$7.38M
BMY icon
3
CALL
Bristol-Myers Squibb
BMY
$126B
$38.6M 2.79%
630,000
+160,000
+34% +$10M
TLT icon
4
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$38.1M 2.75%
300,000
+165,000
+122% +$20.7M
QQQ icon
5
CALL
Invesco QQQ Trust
QQQ
$460B
$31.2M 2.25%
200,000
-40,000
-17% -$6.11M
TWX
6
DELISTED
Time Warner Inc
TWX
$27M 1.96%
295,516
-46,585
-14% -$4.4M
C icon
7
CALL
Citigroup
C
$221B
$26.8M 1.94%
360,000
-130,000
-27% -$9.61M
BMY icon
8
PUT
Bristol-Myers Squibb
BMY
$126B
$26.7M 1.93%
435,000
+300,000
+222% +$18.8M
GOOG icon
9
CALL
Alphabet (Google) Class C
GOOG
$3.88T
$25.1M 1.82%
+480,000
New +$24.4M
AABA
10
DELISTED
Altaba Inc
AABA
$22.5M 1.63%
322,552
-20,000
-6% -$1.39M
WCN
11
Waste Connections
WCN
$42.7B
$22.2M 1.6%
+261,206
New +$18.2M
SPY icon
12
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
$21.3M 1.54%
80,000
+30,000
+60% +$7.8M
MON
13
DELISTED
Monsanto Co
MON
$20.6M 1.49%
176,173
+107,873
+158% +$12.8M
WPM icon
14
CALL
Wheaton Precious Metals
WPM
$50B
$19.6M 1.42%
887,900
+108,900
+14% +$2.27M
NXPI icon
15
NXP Semiconductors
NXPI
$70B
$17.6M 1.27%
150,000
-35,300
-19% -$4.08M
MGY icon
16
Magnolia Oil & Gas
MGY
$4.73B
$17M 1.23%
1,748,799
-1,200
-0.1% -$11.7K
DBD
17
CALL
DELISTED
Diebold Nixdorf Incorporated
DBD
$16.9M 1.22%
1,032,200
+534,500
+107% +$10.3M
BABA icon
18
PUT
Alibaba
BABA
$273B
$16.5M 1.19%
95,500
+90,500
+1,810% +$16.2M
MON
19
PUT
DELISTED
Monsanto Co
MON
$15.6M 1.13%
133,300
+66,400
+99% +$7.9M
NESR
20
National Energy Services Reunited Corp
NESR
$2.81B
$15M 1.09%
1,512,201
-498,003
-25% -$4.91M
LGC.U
21
DELISTED
Legacy Acquisition Corp. Units, each consisting of one share of Class A common stock, $.0001 par val
LGC.U
$15M 1.08%
+1,504,848
New +$15M
SMH icon
22
PUT
VanEck Semiconductor ETF
SMH
$69.8B
$14.7M 1.06%
300,000
-45,000
-13% -$2.24M
BMY icon
23
Bristol-Myers Squibb
BMY
$126B
$14.5M 1.05%
236,696
+121,696
+106% +$7.61M
SAVE
24
CALL
DELISTED
Spirit Airlines, Inc.
SAVE
$14.4M 1.04%
320,400
-14,600
-4% -$562K
VMW
25
PUT
DELISTED
VMware, Inc
VMW
$13.9M 1%
110,600
-54,500
-33% -$6.54M
1
2 3 4 5

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K2 Principal Fund's Q4 2017 Portfolio in Review

As of Q4 2017, K2 Principal Fund held 429 positions worth $1.38B, down 8.6% from $1.51B the previous quarter. Its ten largest holdings account for 28% of the portfolio.

K2 Principal Fund withdrew a net $183M in Q4 2017, closing 142 positions and reducing 72 holdings. Its most notable exit was Dominion Diamond Corporation, an estimated $47M position sold in full.

By sector, the portfolio is most concentrated in Technology at 11% of assets, up from 11% a quarter earlier, followed by Communication Services and Energy.

Against the trend, K2 Principal Fund opened a new position in Waste Connections worth $22.2M.

  • K2 Principal Fund's largest Q4 2017 buy was Waste Connections: 261,206 shares worth $22.2M.
  • K2 Principal Fund added most to Monsanto Co in Q4 2017, an estimated $12.8M increase.
  • K2 Principal Fund's biggest Q4 2017 reduction was Vantage Energy Acquisition Corp. Class A, cutting an estimated $13.1M.
  • K2 Principal Fund fully exited Dominion Diamond Corporation in Q4 2017, selling an estimated $47M.
  • K2 Principal Fund's ten largest holdings make up 28% of its $1.38B portfolio in Q4 2017.
  • K2 Principal Fund opened 110 new positions and closed 142 in Q4 2017.
  • K2 Principal Fund's portfolio value fell 8.6% quarter-over-quarter to $1.38B.

Based on K2 Principal Fund's 13F filing for Q4 2017, filed 12 Feb 2018.