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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
-4.81%
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
$659M
AUM Growth
-$383M
Cap. Flow
-$356M
Cap. Flow %
-54%
Top 10 Hldgs %
15.19%
Holding
434
New
108
Increased
53
Reduced
69
Closed
152

Top Buys

Rank Stock Value
1
GOOG icon
Alphabet (Google) Class C
GOOG
+$10.4M
2
FSAC
Federal Street Acquisition Corp. Common Stock
FSAC
+$8.03M
3
CFFAU
CF Finance Acquisition Corp. Unit
CFFAU
+$8.01M
4
FTACU
FinTech Acquisition Corp. III Unit
FTACU
+$7.52M
5
VVC
Vectren Corporation
VVC
+$6.11M

Top Sells

Rank Stock Value
1
AET
Aetna Inc
AET
+$23M
2
GOOGL icon
Alphabet (Google) Class A
GOOGL
+$20.6M
3
COL
Rockwell Collins
COL
+$19.1M
4
NRCG
NRC Group Holdings Corp.
NRCG
+$18.6M
5
EACQ
Easterly Acquisition Corp
EACQ
+$16.3M

Sector Composition

Rank Sector Weight
1 Financials 7.89%
2 Technology 7.77%
3 Communication Services 6.55%
4 Consumer Discretionary 4.47%
5 Industrials 4.47%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VEAC
1
DELISTED
Vantage Energy Acquisition Corp. Class A
VEAC
$11.4M 1.73%
1,135,018
+264,263
+30% +$2.65M
FSAC
2
DELISTED
Federal Street Acquisition Corp. Common Stock
FSAC
$11.1M 1.68%
1,095,285
+799,000
+270% +$8.03M
SPAQ.U
3
DELISTED
Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
$10.3M 1.57%
1,033,900
+2,400
+0.2% +$24.3K
SPG icon
4
PUT
Simon Property Group
SPG
$73B
$10.1M 1.53%
+60,000
New +$10.7M
GOOG icon
5
Alphabet (Google) Class C
GOOG
$3.88T
$10M 1.52%
+194,020
New +$10.4M
PACQU
6
DELISTED
Pure Acquisition Corp. Unit
PACQU
$9.31M 1.41%
903,746
-100,000
-10% -$1.04M
FPAC.U
7
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
$9.25M 1.4%
916,597
+21,382
+2% +$217K
KXIN icon
8
Kaixin Holdings
KXIN
$8.8M
$8.29M 1.26%
2
+1
+100% +$4.08M
CFFAU
9
DELISTED
CF Finance Acquisition Corp. Unit
CFFAU
$8M 1.21%
+800,000
New +$8.01M
GOOGL icon
10
CALL
Alphabet (Google) Class A
GOOGL
$3.88T
$7.84M 1.19%
150,000
-148,000
-50% -$8M
BPYU
11
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
$7.79M 1.18%
483,892
-5,014
-1% -$91.5K
DFBHU
12
DELISTED
DFB Healthcare Acquisitions Corp. Unit
DFBHU
$7.63M 1.16%
755,853
-8,400
-1% -$85.8K
FTACU
13
DELISTED
FinTech Acquisition Corp. III Unit
FTACU
$7.5M 1.14%
+750,000
New +$7.52M
XLK icon
14
PUT
State Street Technology Select Sector SPDR ETF
XLK
$116B
$6.97M 1.06%
225,000
-375,000
-63% -$12.7M
RSG icon
15
PUT
Republic Services
RSG
$66.9B
$6.7M 1.02%
+93,000
New +$6.81M
IWM icon
16
CALL
iShares Russell 2000 ETF
IWM
$81.2B
$6.7M 1.02%
+50,000
New +$7.46M
SCAC
17
DELISTED
Saban Capital Acquisition Corp. Class A Ordinary Share
SCAC
$6.57M 1%
650,952
+2,000
+0.3% +$20.3K
DMTK
18
DELISTED
DermTech, Inc. Common Stock
DMTK
$6.52M 0.99%
319,452
+500
+0.2% +$10.2K
DNB
19
DELISTED
Dun & Bradstreet
DNB
$6.4M 0.97%
44,862
+16,262
+57% +$2.32M
HYACU
20
DELISTED
Haymaker Acquisition Corp. Unit
HYACU
$6.35M 0.96%
602,310
-75,000
-11% -$787K
VVC
21
DELISTED
Vectren Corporation
VVC
$6.34M 0.96%
88,140
+85,240
+2,939% +$6.11M
ATHN
22
DELISTED
Athenahealth, Inc.
ATHN
$5.85M 0.89%
44,345
-10,855
-20% -$1.39M
XOP icon
23
PUT
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
$3.45B
$5.84M 0.89%
55,000
+48,750
+780% +$6.81M
CCH.U
24
DELISTED
Collier Creek Holdings Units, each consisting of one Class A ordinary share, $0.0001 par value, and
CCH.U
$5.78M 0.88%
+578,074
New +$5.85M
AVCT
25
DELISTED
American Virtual Cloud Technologies, Inc. Common Stock
AVCT
$5.74M 0.87%
37,784
-420
-1% -$63.3K
1
2 3 4 5

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K2 Principal Fund's Q4 2018 Portfolio in Review

As of Q4 2018, K2 Principal Fund held 434 positions worth $659M, down 37% from $1.04B the previous quarter. Its ten largest holdings account for 15% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q4 2018, closing 152 positions and reducing 69 holdings. Its most notable exit was Aetna Inc, an estimated $23M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.9% of assets, down from 8.8% a quarter earlier, followed by Technology and Communication Services.

Against the trend, K2 Principal Fund opened a new position in Alphabet (Google) Class C worth $10M.

  • K2 Principal Fund's largest Q4 2018 buy was Alphabet (Google) Class C: 194,020 shares worth $10M.
  • K2 Principal Fund added most to Federal Street Acquisition Corp. Common Stock in Q4 2018, an estimated $8.03M increase.
  • K2 Principal Fund's biggest Q4 2018 reduction was Twenty-First Century Fox, Inc. Class B, cutting an estimated $6.42M.
  • K2 Principal Fund fully exited Aetna Inc in Q4 2018, selling an estimated $23M.
  • K2 Principal Fund's ten largest holdings make up 15% of its $659M portfolio in Q4 2018.
  • K2 Principal Fund opened 108 new positions and closed 152 in Q4 2018.
  • K2 Principal Fund's portfolio value fell 37% quarter-over-quarter to $659M.

Based on K2 Principal Fund's 13F filing for Q4 2018, filed 13 Feb 2019.