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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
GOOGL icon
1
CALL
Alphabet (Google) Class A
GOOGL
$3.91T
$30.9M 3.72%
+570,000
New +$33M
SMH icon
2
CALL
VanEck Semiconductor ETF
SMH
$67.6B
$23.2M 2.8%
421,200
+71,200
+20% +$3.87M
SMH icon
3
PUT
VanEck Semiconductor ETF
SMH
$67.6B
$17.1M 2.06%
310,000
-190,000
-38% -$10.3M
SPCE icon
4
Virgin Galactic
SPCE
$320M
$12.7M 1.53%
60,741
+28,584
+89% +$5.89M
GOOGL icon
5
Alphabet (Google) Class A
GOOGL
$3.91T
$11.6M 1.41%
215,080
+145,080
+207% +$8.4M
FNV icon
6
CALL
Franco-Nevada
FNV
$41.4B
$11.5M 1.38%
+135,000
New +$10.2M
QQQ icon
7
PUT
Invesco QQQ Trust
QQQ
$455B
$11.2M 1.35%
60,000
+50,000
+500% +$9.2M
AAPL icon
8
PUT
Apple
AAPL
$4.89T
$10.9M 1.31%
+220,000
New +$10.7M
PACQU
9
DELISTED
Pure Acquisition Corp. Unit
PACQU
$9.93M 1.2%
928,790
+25,044
+3% +$268K
FPAC.U
10
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
$9.53M 1.15%
916,597
– –
QQQ icon
11
CALL
Invesco QQQ Trust
QQQ
$455B
$9.34M 1.13%
50,000
+20,000
+67% +$3.68M
VVNT
12
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
$9.13M 1.1%
895,390
+286,713
+47% +$2.9M
EBAY icon
13
CALL
eBay
EBAY
$48.6B
$9.09M 1.1%
+230,000
New +$8.65M
QCOM icon
14
CALL
Qualcomm
QCOM
$176B
$8.75M 1.06%
115,000
-125,000
-52% -$9.15M
LLL
15
DELISTED
L3 Technologies, Inc.
LLL
$8.64M 1.04%
+35,254
New +$8.23M
THCBU
16
DELISTED
Tuscan Holdings Corp. Unit
THCBU
$8.48M 1.02%
799,777
-850,223
-52% -$8.93M
SPAQ.U
17
DELISTED
Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
$8.42M 1.02%
833,900
-200,000
-19% -$2.04M
CFFAU
18
DELISTED
CF Finance Acquisition Corp. Unit
CFFAU
$8.28M 1%
800,000
– –
GXGXU
19
DELISTED
GX Acquisiton Corp. Unit
GXGXU
$8.04M 0.97%
+800,000
New +$8.03M
FTACU
20
DELISTED
FinTech Acquisition Corp. III Unit
FTACU
$8.03M 0.97%
750,000
– –
RHT
21
DELISTED
Red Hat Inc
RHT
$8M 0.97%
42,605
+10,605
+33% +$1.96M
TRCO
22
DELISTED
TRIBUNE MEDIA COMPANY CLASS A
TRCO
$7.86M 0.95%
170,000
-7,763
-4% -$359K
DFBHU
23
DELISTED
DFB Healthcare Acquisitions Corp. Unit
DFBHU
$7.84M 0.95%
755,853
– –
RPLA.U
24
DELISTED
Replay Acquisition Corp.
RPLA.U
$7.83M 0.95%
+783,394
New +$7.87M
STNL
25
DELISTED
Sentinel Energy Services Inc. Class A Common Stock
STNL
$7.65M 0.92%
753,553
-100,000
-12% -$1.01M
1
2 3 4 5

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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.