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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
+1%
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
$925M
AUM Growth
+$96.1M
Cap. Flow
-$40.2M
Cap. Flow %
-4.35%
Top 10 Hldgs %
15.68%
Holding
421
New
140
Increased
50
Reduced
44
Closed
117

Top Buys

Rank Stock Value
1
AMZN icon
Amazon
AMZN
+$20.8M
2
V icon
Visa
V
+$9.2M
3
SPCE icon
Virgin Galactic
SPCE
+$8.23M
4
AMD icon
Advanced Micro Devices
AMD
+$8M
5
QCOM icon
Qualcomm
QCOM
+$7.9M

Top Sells

Rank Stock Value
1
LLL
L3 Technologies, Inc.
LLL
+$8.64M
2
RHT
Red Hat Inc
RHT
+$8M
3
TRCO
TRIBUNE MEDIA COMPANY CLASS A
TRCO
+$7.86M
4
DFBHU
DFB Healthcare Acquisitions Corp. Unit
DFBHU
+$7.84M
5
CTOS icon
Custom Truck One Source
CTOS
+$6.52M

Sector Composition

Rank Sector Weight
1 Industrials 7.92%
2 Consumer Discretionary 6.81%
3 Technology 6.05%
4 Communication Services 4.25%
5 Financials 3.52%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPCE icon
1
Virgin Galactic
SPCE
$332M
$21.4M 2.32%
100,072
+39,331
+65% +$8.23M
AMZN icon
2
Amazon
AMZN
$2.51T
$19.5M 2.11%
+224,300
New +$20.8M
FNV icon
3
CALL
Franco-Nevada
FNV
$41.3B
$17M 1.84%
187,000
+52,000
+39% +$4.77M
AMZN icon
4
CALL
Amazon
AMZN
$2.51T
$13.7M 1.48%
+158,000
New +$14.7M
QQQ icon
5
PUT
Invesco QQQ Trust
QQQ
$460B
$12.3M 1.33%
65,000
+5,000
+8% +$948K
SMH icon
6
PUT
VanEck Semiconductor ETF
SMH
$69.8B
$11.9M 1.29%
200,000
-110,000
-35% -$6.36M
VVNT
7
DELISTED
Vivint Smart Home, Inc. Class A Common Stock
VVNT
$11.2M 1.21%
1,086,104
+190,714
+21% +$1.96M
ACEL icon
8
Accel Entertainment
ACEL
$974M
$11.1M 1.2%
1,075,267
+747,805
+228% +$7.7M
TXN icon
9
PUT
Texas Instruments
TXN
$259B
$10.3M 1.12%
+80,000
New +$9.86M
GOOGL icon
10
Alphabet (Google) Class A
GOOGL
$3.88T
$10.2M 1.1%
166,960
-48,120
-22% -$2.85M
PACQU
11
DELISTED
Pure Acquisition Corp. Unit
PACQU
$9.97M 1.08%
928,790
– –
FPAC.U
12
DELISTED
Far Point Acquisition Corporation Units, each consisting of one share of Class A common stock, $0.00
FPAC.U
$9.8M 1.06%
916,597
– –
CFFAU
13
DELISTED
CF Finance Acquisition Corp. Unit
CFFAU
$9.48M 1.03%
895,233
+95,233
+12% +$997K
V icon
14
Visa
V
$669B
$8.89M 0.96%
+51,675
New +$9.2M
ID
15
DELISTED
PARTS iD, Inc.
ID
$8.74M 0.95%
856,869
+626,320
+272% +$6.36M
HYG icon
16
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$8.72M 0.94%
+100,000
New +$8.68M
THCBU
17
DELISTED
Tuscan Holdings Corp. Unit
THCBU
$8.55M 0.92%
799,777
– –
SPAQ.U
18
DELISTED
Spartan Energy Acquisition Corp Units (each consisting of one Class A Common Stock and one-third of
SPAQ.U
$8.38M 0.91%
808,900
-25,000
-3% -$257K
AMD icon
19
Advanced Micro Devices
AMD
$880B
$8.12M 0.88%
280,000
+255,000
+1,020% +$8M
FTACU
20
DELISTED
FinTech Acquisition Corp. III Unit
FTACU
$8.01M 0.87%
750,000
– –
QCOM icon
21
Qualcomm
QCOM
$180B
$8.01M 0.87%
+105,000
New +$7.9M
IGV icon
22
PUT
iShares Expanded Tech-Software Sector ETF
IGV
$12.9B
$7.31M 0.79%
+172,500
New +$7.55M
INSUU
23
DELISTED
Insurance Acquisition Corp. Unit
INSUU
$7.29M 0.79%
700,000
– –
AHCO icon
24
AdaptHealth
AHCO
$1.42B
$7.25M 0.78%
711,953
+676,953
+1,934% +$6.91M
V icon
25
CALL
Visa
V
$669B
$7.05M 0.76%
+41,000
New +$7.3M
1
2 3 4 5

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WIM
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LCG
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K2 Principal Fund's Q3 2019 Portfolio in Review

As of Q3 2019, K2 Principal Fund held 421 positions worth $925M, up 12% from $828M the previous quarter. Its ten largest holdings account for 16% of the portfolio.

K2 Principal Fund withdrew a net $40.2M in Q3 2019, closing 117 positions and reducing 44 holdings. Its most notable exit was L3 Technologies, Inc., an estimated $8.64M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 7.9% of assets, up from 7.8% a quarter earlier, followed by Consumer Discretionary and Technology.

Against the trend, K2 Principal Fund opened a new position in Amazon worth $19.5M.

  • K2 Principal Fund's largest Q3 2019 buy was Amazon: 224,300 shares worth $19.5M.
  • K2 Principal Fund added most to Virgin Galactic in Q3 2019, an estimated $8.23M increase.
  • K2 Principal Fund's biggest Q3 2019 reduction was LiveVox Holding, Inc. Unit, cutting an estimated $6.14M.
  • K2 Principal Fund fully exited L3 Technologies, Inc. in Q3 2019, selling an estimated $8.64M.
  • K2 Principal Fund's ten largest holdings make up 16% of its $925M portfolio in Q3 2019.
  • K2 Principal Fund opened 140 new positions and closed 117 in Q3 2019.
  • K2 Principal Fund's portfolio value rose 12% quarter-over-quarter to $925M.

Based on K2 Principal Fund's 13F filing for Q3 2019, filed 15 Nov 2019.