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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
GOOGL icon
1
Alphabet (Google) Class A
GOOGL
$3.88T
$23.1M 2.21%
382,000
+180,580
+90% +$10.9M
AET
2
DELISTED
Aetna Inc
AET
$23M 2.21%
113,549
+20,000
+21% +$3.91M
XLK icon
3
PUT
State Street Technology Select Sector SPDR ETF
XLK
$116B
$22.6M 2.17%
600,000
-380,000
-39% -$13.9M
TLT icon
4
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$21M 2.01%
178,700
+38,700
+28% +$4.65M
SMH icon
5
PUT
VanEck Semiconductor ETF
SMH
$69.8B
$20.8M 1.99%
390,000
-360,000
-48% -$19.1M
NXPI icon
6
CALL
NXP Semiconductors
NXPI
$70B
$19.9M 1.91%
+233,200
New +$22.4M
COL
7
DELISTED
Rockwell Collins
COL
$19.1M 1.83%
136,053
+100
+0.1% +$13.8K
NRCG
8
DELISTED
NRC Group Holdings Corp.
NRCG
$18.6M 1.79%
1,828,830
+1,081,230
+145% +$11M
GOOGL icon
9
CALL
Alphabet (Google) Class A
GOOGL
$3.88T
$18M 1.73%
+298,000
New +$18M
EACQ
10
DELISTED
Easterly Acquisition Corp
EACQ
$16.3M 1.57%
1,571,018
+255,702
+19% +$2.66M
GOOGL icon
11
PUT
Alphabet (Google) Class A
GOOGL
$3.88T
$13.8M 1.32%
228,000
+28,000
+14% +$1.7M
MJ icon
12
PUT
Amplify Alternative Harvest ETF
MJ
$102M
$11.6M 1.12%
24,183
-19,167
-44% -$7.21M
SPAQ.U
13
DELISTED
Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
$10.5M 1%
+1,031,500
New +$10.4M
PACQU
14
DELISTED
Pure Acquisition Corp. Unit
PACQU
$10.4M 1%
1,003,746
-1,008,100
-50% -$10.4M
DD icon
15
CALL
DuPont de Nemours
DD
$18.6B
$10.3M 0.99%
63,181
+47,386
+300% +$8.15M
BPYU
16
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
$10.2M 0.98%
+488,906
New +$9.85M
DELL icon
17
Dell
DELL
$284B
$9.25M 0.89%
339,288
-141,749
-29% -$3.78M
FPAC.U
18
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
$9.2M 0.88%
895,215
-680,199
-43% -$6.94M
ESRX
19
DELISTED
Express Scripts Holding Company
ESRX
$9.03M 0.87%
95,000
+29,187
+44% +$2.49M
SPY icon
20
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
$8.72M 0.84%
30,000
-20,000
-40% -$5.7M
VEAC
21
DELISTED
Vantage Energy Acquisition Corp. Class A
VEAC
$8.66M 0.83%
870,755
-15,000
-2% -$149K
EGN
22
CALL
DELISTED
Energen
EGN
$8.62M 0.83%
+100,000
New +$7.62M
CA
23
DELISTED
CA, Inc.
CA
$8.32M 0.8%
+188,500
New +$8.12M
MCHP icon
24
PUT
Microchip Technology
MCHP
$44.2B
$8.29M 0.8%
+210,000
New +$9.28M
MITL
25
DELISTED
Mitel Networks Corporation
MITL
$8.08M 0.78%
733,124
+445,901
+155% +$4.9M
1
2 3 4 5

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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.