K2 Principal Fund

K2 Principal Fund as of Sept. 30, 2016

Portfolio Holdings for K2 Principal Fund

K2 Principal Fund holds 214 positions in its portfolio as reported in the September 2016 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
PowerShares QQQ Trust, Series 1 9.1 $81M 685k 118.71
iShares Barclays 20+ Yr Treas.Bond (TLT) 3.5 $31M 228k 137.52
Vaneck Vectors Semiconductor Etf semiconductor (SMH) 2.9 $26M 368k 69.47
Financial Select Sector SPDR (XLF) 2.7 $24M 1.3M 19.30
American Capital 2.4 $22M 1.3M 16.91
Yahoo! 2.4 $21M 498k 43.10
KLA-Tencor Corporation (KLAC) 2.3 $20M 290k 69.71
Qualcomm (QCOM) 2.1 $19M 275k 68.50
Paypal Holdings (PYPL) 1.8 $16M 395k 40.97
Alphabet Inc Class C cs (GOOG) 1.8 $16M 21k 777.31
Bristol Myers Squibb (BMY) 1.8 $16M 293k 53.92
Waste Connections (WCN) 1.7 $16M 208k 74.71
Spdr S&p 500 Etf (SPY) 1.7 $15M 71k 216.30
Valspar Corporation 1.6 $15M 139k 106.07
New York Reit 1.6 $14M 1.5M 9.16
Cypress Semiconductor Corporation 1.5 $14M 1.1M 12.16
ShoreTel 1.5 $14M 1.7M 7.99
Ingram Micro 1.5 $13M 375k 35.66
Louisiana-Pacific Corporation (LPX) 1.4 $13M 673k 18.83
Nxp Semiconductors N V (NXPI) 1.4 $13M 123k 102.03
Linkedin Corp 1.4 $12M 65k 191.13
Cynapsus Therapeutics 1.3 $12M 286k 40.23
iShares Russell 2000 Index (IWM) 1.3 $11M 91k 124.21
St. Jude Medical 1.2 $11M 137k 79.71
Whitewave Foods 1.2 $11M 197k 54.43
Alibaba Group Holding (BABA) 1.2 $11M 100k 105.80
Direxion Daily Gold Miners Bull 3x Shares etf 1.1 $10M 543k 18.93
Citigroup (C) 1.1 $10M 215k 47.24
Allergan 1.1 $10M 43k 230.32
Alliance Data Systems Corporation (BFH) 1.1 $9.7M 45k 214.53
SL Green Realty 1.1 $9.4M 87k 108.10
Harmony Merger 1.0 $9.0M 900k 10.05
Potash Corp. Of Saskatchewan I 1.0 $8.9M 544k 16.32
Maxim Integrated Products 1.0 $8.8M 220k 39.93
Diebold Incorporated 0.9 $8.4M 338k 24.79
Utilities SPDR (XLU) 0.9 $8.3M 170k 48.99
General Mills (GIS) 0.8 $7.2M 132k 54.60
Alphabet Inc Class A cs (GOOGL) 0.7 $6.4M 8.0k 804.00
Harmony Merger Corp unit 99/99/9999 0.7 $6.1M 600k 10.17
Proshares Tr ultrapro qqq (TQQQ) 0.7 $5.8M 45k 128.67
Dominion Diamond Corp foreign 0.6 $5.7M 586k 9.76
B2gold Corp conv 0.6 $5.6M 5.5k 1010.00
Mylan Nv 0.6 $5.5M 145k 38.12
Direxion Daily Small Cp Bull 3X (TNA) 0.6 $5.5M 69k 79.83
Apigee 0.6 $5.2M 299k 17.40
Sears Holdings Corporation 0.6 $5.1M 446k 11.46
Perrigo Company (PRGO) 0.6 $5.1M 55k 92.33
Klr Energy Acquisition Corp cl a 0.6 $5.1M 501k 10.12
Silver Run Acquisition Corp cl a 0.6 $4.9M 311k 15.75
Palo Alto Networks (PANW) 0.5 $4.8M 30k 159.40
Lexmark International 0.5 $4.6M 116k 39.96
Costco Wholesale Corporation (COST) 0.5 $4.6M 30k 152.50
Red Robin Gourmet Burgers (RRGB) 0.5 $4.6M 102k 44.94
Saban Cap Acquisition Corp unit 99/99/9999 0.5 $4.5M 450k 10.08
Wells Fargo & Company (WFC) 0.5 $4.4M 100k 44.28
Vitae Pharmaceuticals 0.5 $4.4M 209k 20.92
Kraft Heinz (KHC) 0.5 $4.1M 45k 89.48
Agrium 0.5 $4.1M 45k 90.69
M I Acquisitions Inc unit 99/99/9999 0.5 $4.0M 400k 10.02
Cf Corp shs cl a 0.4 $3.9M 400k 9.79
BGC Partners 0.4 $3.8M 435k 8.75
Linkedin Corp note 0.500% 11/0 0.4 $3.9M 3.9k 990.51
iShares NASDAQ Biotechnology Index (IBB) 0.4 $3.8M 13k 289.40
VeriFone Systems 0.4 $3.8M 239k 15.74
NetSuite 0.4 $3.8M 34k 110.62
Motorola Solutions (MSI) 0.4 $3.6M 47k 76.29
Dollar Tree (DLTR) 0.4 $3.4M 43k 78.93
Electrum Spl Acquisition Cor 0.4 $3.4M 343k 9.84
Microsoft Corporation (MSFT) 0.4 $3.3M 57k 57.60
BorgWarner (BWA) 0.4 $3.3M 95k 35.17
Aegerion Pharmaceuticals 2% Du cvbond 0.4 $3.3M 5.0k 665.00
TJX Companies (TJX) 0.4 $3.2M 43k 74.80
Dell Technologies Inc Class V equity 0.4 $3.2M 67k 47.80
Csra 0.3 $3.1M 115k 26.90
Double Eagle Acquisition Cor 0.3 $3.0M 306k 9.90
Quad/Graphics (QUAD) 0.3 $2.9M 109k 26.72
Express Scripts Holding 0.3 $3.0M 42k 70.52
Press Ganey Holdings 0.3 $3.0M 73k 40.40
Oi Sa - (OIBZQ) 0.3 $2.9M 516k 5.68
Qlt 0.3 $2.9M 1.4M 2.06
Gp Invts Acquisition Cor 0.3 $2.9M 299k 9.63
iShares FTSE/Xinhua China 25 Index (FXI) 0.3 $2.7M 72k 38.01
Pulte (PHM) 0.3 $2.6M 129k 20.04
KapStone Paper and Packaging 0.3 $2.6M 135k 18.92
Coeur d'Alene Mines Corporation (CDE) 0.3 $2.6M 219k 11.83
CHECK POINT SOFTWARE Technolog Com Stk (CHKP) 0.3 $2.6M 34k 77.60
Atlantic Alliance Partner 0.3 $2.6M 243k 10.50
Landcadia Holdings Inc unit 0.3 $2.6M 250k 10.25
BlackRock (BLK) 0.3 $2.5M 7.0k 362.41
Lam Research Corporation (LRCX) 0.3 $2.4M 25k 94.72
Incontact Inc note 2.500% 4/0 0.3 $2.4M 2.0k 1201.50
Ball Corporation (BALL) 0.3 $2.3M 28k 81.96
Spectra Energy 0.2 $2.3M 53k 42.74
Terrapin 3 Acquisition 0.2 $2.2M 225k 9.93
Ihs Markit 0.2 $2.3M 60k 37.56
Werner Enterprises (WERN) 0.2 $2.2M 94k 23.27
Donnelley R R & Sons Co when issued 0.2 $2.2M 86k 25.49
Quinpario Acquisition Corp 2 0.2 $2.1M 207k 9.91
Rent-A-Center (UPBD) 0.2 $2.0M 159k 12.64
Carmike Cinemas 0.2 $2.0M 60k 32.69
Aaron's 0.2 $1.9M 73k 25.43
Horizon Pharma Plc convertible security 0.2 $1.9M 2.0k 943.00
Waste Management (WM) 0.2 $1.8M 28k 63.79
Group Cgi Cad Cl A 0.2 $1.8M 38k 47.60
M Iii Acquisition Corp unit 99/99/9999t 0.2 $1.8M 180k 9.80
CSX Corporation (CSX) 0.2 $1.7M 55k 30.51
iShares Dow Jones US Home Const. (ITB) 0.2 $1.7M 62k 27.56
Tripadvisor (TRIP) 0.2 $1.7M 28k 63.17
Sportsmans Whse Hldgs (SPWH) 0.2 $1.7M 164k 10.52
Gilead Sciences (GILD) 0.2 $1.6M 20k 79.20
SPDR Gold Trust (GLD) 0.2 $1.6M 13k 125.67
Rackspace Hosting 0.2 $1.6M 52k 31.69
Infoblox 0.2 $1.6M 60k 26.37
Conyers Pk Acquisition unit 99/99/99991 0.2 $1.6M 150k 10.75
Monsanto Company 0.2 $1.5M 15k 102.21
Netflix (NFLX) 0.2 $1.5M 15k 98.53
Pfizer (PFE) 0.2 $1.5M 43k 33.87
Deere & Company (DE) 0.2 $1.5M 17k 85.35
ITC Holdings 0.2 $1.4M 30k 46.47
Xilinx 0.1 $1.4M 25k 54.36
Rio Tinto (RIO) 0.1 $1.3M 40k 33.40
Rpx Corp 0.1 $1.4M 127k 10.70
Skullcandy 0.1 $1.3M 207k 6.34
Solarcity 0.1 $1.3M 69k 19.57
Direxion Shs Etf Tr Daily Gold Miner 0.1 $1.4M 40k 33.66
JPMorgan Chase & Co. (JPM) 0.1 $1.2M 18k 66.67
Fleetmatics 0.1 $1.1M 19k 59.97
Pangaea Logistics Solution L (PANL) 0.1 $1.2M 460k 2.50
Bank of America Corporation (BAC) 0.1 $1.1M 69k 15.65
Texas Instruments Incorporated (TXN) 0.1 $1.1M 15k 70.20
Silver Wheaton Corp 0.1 $1.1M 40k 27.02
Gas Nat 0.1 $1.0M 136k 7.67
Hennessy Cap Acquisition Cor 0.1 $1.1M 113k 9.80
Pacific Spl Acquisition Corp 0.1 $1.0M 102k 10.25
Pace Hldgs Corp cl a 0.1 $974k 99k 9.84
Berkshire Hathaway (BRK.B) 0.1 $887k 6.1k 144.51
Forestar 0.1 $868k 74k 11.71
Magnachip Semiconductor Corp (MX) 0.1 $933k 112k 8.34
Office Depot 0.1 $809k 227k 3.57
Magna Intl Inc cl a (MGA) 0.1 $774k 18k 43.00
Hldgs (UAL) 0.1 $740k 14k 52.48
American Airls (AAL) 0.1 $729k 20k 36.63
Sunedison Semiconductor 0.1 $740k 65k 11.38
Restaurant Brands Intl Inc Com equity / large cap (QSR) 0.1 $669k 15k 44.60
Real Estate Select Sect Spdr (XLRE) 0.1 $682k 21k 32.79
Republic Services (RSG) 0.1 $661k 13k 50.46
FelCor Lodging Trust Incorporated 0.1 $617k 96k 6.43
Novagold Resources Inc Cad (NG) 0.1 $659k 118k 5.60
Delphi Automotive 0.1 $642k 9.0k 71.33
Sandstorm Gold (SAND) 0.1 $648k 129k 5.03
Staples 0.1 $564k 66k 8.55
Amer (UHAL) 0.1 $524k 1.6k 324.26
Western Asset Emerging Mrkts Dbt Fnd (EMD) 0.1 $555k 34k 16.25
Phillips 66 (PSX) 0.1 $564k 7.0k 80.57
Patriot National 0.1 $546k 61k 9.00
American Farmland 0.1 $552k 70k 7.89
Winnebago Industries (WGO) 0.1 $471k 20k 23.55
Hershey Company (HSY) 0.1 $406k 4.3k 95.48
Oracle Corporation (ORCL) 0.1 $471k 12k 39.25
Tesla Motors (TSLA) 0.1 $408k 2.0k 204.00
J Global (ZD) 0.1 $466k 7.0k 66.57
Proshares Ultrapro Short Qqq etp 0.1 $428k 32k 13.38
Andina Acquisition Corp Ii 0.1 $414k 42k 9.88
Via 0.0 $381k 10k 38.10
CBOE Holdings (CBOE) 0.0 $368k 5.7k 64.79
iShares S&P Latin America 40 Index (ILF) 0.0 $338k 12k 28.01
Aegerion Pharmaceuticals 0.0 $370k 125k 2.97
Talen Energy 0.0 $341k 25k 13.85
Arbutus Biopharma (ABUS) 0.0 $370k 108k 3.44
Direxion Shs Etf Tr daily sm cap bea 0.0 $357k 13k 26.84
Origo Acquisition Corp 0.0 $366k 36k 10.31
Stellar Acquisition Iii Inc unit 03/22/2022 0.0 $319k 32k 9.97
Keycorp New pfd 7.75% sr a 0.0 $225k 1.6k 136.70
Federal-Mogul Corporation 0.0 $240k 25k 9.60
Cheesecake Factory Incorporated (CAKE) 0.0 $300k 6.0k 50.00
Morningstar (MORN) 0.0 $224k 2.8k 79.32
iShares Silver Trust (SLV) 0.0 $255k 14k 18.21
BroadSoft 0.0 $233k 5.0k 46.60
Mosaic (MOS) 0.0 $245k 10k 24.50
Avg Technologies 0.0 $235k 9.4k 24.99
Ringcentral (RNG) 0.0 $237k 10k 23.70
Axalta Coating Sys (AXTA) 0.0 $283k 10k 28.30
Hydra Inds Acquisition 0.0 $291k 29k 9.96
Gannett 0.0 $291k 25k 11.64
Harmony Merger Corp w exp 01/01/202 0.0 $243k 900k 0.27
Arowana 0.0 $274k 27k 10.19
Ford Motor Company (F) 0.0 $217k 18k 12.06
Visa (V) 0.0 $207k 2.5k 82.80
Rite Aid Corporation 0.0 $159k 21k 7.68
Bob Evans Farms 0.0 $222k 5.8k 38.28
Iamgold Corp (IAG) 0.0 $166k 41k 4.05
Asanko Gold 0.0 $149k 35k 4.22
Terrapin 3 Acquisition Corp unit 06/27/2019 0.0 $191k 19k 10.05
Media Gen 0.0 $184k 10k 18.40
Gores Hldgs Inc *w exp 08/13/202 0.0 $192k 160k 1.20
Klr Energy Acquisition Corp w exp 09/16/202 0.0 $210k 500k 0.42
Cf Corporation 0.0 $214k 21k 10.19
Nexeo Solutions Inc *w exp 06/09/202 0.0 $136k 219k 0.62
Cf Corp *w exp 05/25/202 0.0 $180k 200k 0.90
DiamondRock Hospitality Company (DRH) 0.0 $109k 12k 9.08
Hutchinson Technology Incorporated 0.0 $106k 27k 3.98
Basic Energy Services 0.0 $81k 101k 0.80
Raptor Pharmaceutical 0.0 $90k 10k 9.00
Xenon Pharmaceuticals (XENE) 0.0 $122k 15k 8.13
Emergent Cap 0.0 $121k 41k 2.93
Electrum Spl Acquisition Cor *w exp 99/99/999 0.0 $73k 315k 0.23
Gp Invts Acquisition Cor *w exp 99/99/999 0.0 $90k 147k 0.61
Gores Hldgs Inc cl a 0.0 $108k 10k 10.80
Aralez Pharmaceuticals 0.0 $90k 19k 4.86
Double Eagle Acquisition Cor *w exp 09/16/202 0.0 $118k 295k 0.40
Globalstar (GSAT) 0.0 $20k 17k 1.19
Terrapin 3 Acquisition Corp *w exp 06/27/201 0.0 $41k 230k 0.18
Quinpario Acquisition Corp 2 *w exp 01/01/202 0.0 $36k 200k 0.18
Pace Hldgs Corp *w exp 99/99/999 0.0 $42k 99k 0.42