K2 Principal Fund

K2 Principal Fund as of Sept. 30, 2015

Portfolio Holdings for K2 Principal Fund

K2 Principal Fund holds 129 positions in its portfolio as reported in the September 2015 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
PowerShares QQQ Trust, Series 1 10.6 $66M 645k 101.75
Home Properties 6.4 $40M 530k 74.75
Google 6.1 $38M 62k 608.41
DealerTrack Holdings 5.9 $36M 571k 63.16
Thoratec Corporation 4.0 $25M 388k 63.26
Direxion Shs Etf Tr dly gld min br 3.8 $24M 946k 24.93
Kythera Biopharmaceuticals I 2.8 $17M 228k 74.98
Dot Hill Systems 2.1 $13M 1.3M 9.73
New York Reit 2.0 $13M 1.3M 10.06
Altera Corporation 2.0 $12M 241k 50.08
Comcast Corporation (CMCSA) 1.9 $11M 200k 56.88
HCC Insurance Holdings 1.7 $11M 136k 77.47
Financial Select Sector SPDR (XLF) 1.7 $10M 457k 22.66
ShoreTel 1.7 $10M 1.4M 7.46
BGC Partners 1.6 $9.8M 1.2M 8.22
City National Corporation 1.5 $9.3M 105k 88.06
Microsoft Corporation (MSFT) 1.5 $9.1M 205k 44.26
Yodlee 1.5 $9.0M 560k 16.13
Utilities SPDR (XLU) 1.5 $9.0M 208k 43.29
Harmony Merger 1.4 $8.9M 900k 9.90
Direxion Shs Etf Tr daily gold miner 1.3 $8.3M 2.9M 2.88
Partner Re 1.3 $8.1M 58k 138.89
Nxp Semiconductors N V (NXPI) 1.3 $7.8M 90k 87.07
E.I. du Pont de Nemours & Company 1.3 $7.8M 162k 48.20
Zulily Inc cl a 1.2 $7.5M 432k 17.40
Cypress Semiconductor Corporation 1.2 $7.3M 853k 8.52
Paypal Holdings (PYPL) 1.2 $7.1M 230k 31.04
Mylan Nv 1.1 $7.1M 176k 40.27
Harmony Merger Corp unit 99/99/9999 1.0 $6.1M 600k 10.20
Market Vectors Semiconductor E 1.0 $6.0M 120k 49.88
Sears Holdings Corporation 0.9 $5.4M 240k 22.60
Brink's Company (BCO) 0.9 $5.3M 196k 27.01
Computer Sciences Corporation 0.8 $5.1M 83k 61.37
Staples 0.8 $5.0M 425k 11.74
HSBC Holdings (HSBC) 0.8 $4.9M 130k 37.87
Fidelity Natl Inc New Fnfv Group Com Isin #us31620r4020 0.8 $4.9M 417k 11.72
CIGNA Corporation 0.7 $4.5M 33k 135.02
Market Vectors Gold Miners ETF 0.7 $4.3M 316k 13.73
IPC The Hospitalist Company 0.7 $4.3M 55k 77.69
Strategic Hotels & Resorts 0.7 $4.1M 301k 13.79
Silver Wheaton Corp 0.7 $4.1M 340k 12.01
TJX Companies (TJX) 0.7 $4.0M 56k 71.42
Amer (UHAL) 0.7 $4.0M 10k 393.47
Apple (AAPL) 0.6 $3.9M 35k 110.30
TECO Energy 0.6 $3.8M 146k 26.26
Time Warner Cable 0.6 $3.7M 21k 179.36
Broadcom Corporation 0.6 $3.5M 68k 51.43
Electrum Spl Acquisition Cor unit 99/99/9999 0.5 $3.1M 315k 9.88
Core Laboratories 0.5 $3.1M 31k 99.79
Double Eagle Acquisition Cor unit 99/99/9999 0.5 $3.0M 297k 10.14
Capital One Financial (COF) 0.5 $2.9M 40k 72.50
Gp Invts Acquisition Cor unit 99/99/9999 0.4 $2.6M 265k 9.90
Wal-Mart Stores (WMT) 0.4 $2.6M 40k 64.85
Pinnacle Entertainment 0.4 $2.6M 77k 33.83
Martha Stewart Living Omnimedia 0.4 $2.6M 437k 5.96
BlackRock 0.4 $2.4M 8.1k 297.42
Envivio 0.4 $2.3M 572k 4.09
NCR Corporation (VYX) 0.4 $2.3M 102k 22.77
iShares Silver Trust (SLV) 0.4 $2.3M 165k 13.87
Shire 0.4 $2.2M 11k 205.19
Louisiana-Pacific Corporation (LPX) 0.3 $2.0M 143k 14.23
iShares Russell 1000 Growth Index (IWF) 0.3 $2.0M 22k 93.00
Terrapin 3 Acquisition 0.3 $2.0M 201k 9.88
Restaurant Brands Intl Inc Com equity / large cap (QSR) 0.3 $2.0M 54k 35.93
Quinpario Acquisition Corp 2 0.3 $2.0M 201k 9.91
Winnebago Industries (WGO) 0.3 $1.9M 98k 19.15
Macy's (M) 0.3 $1.8M 36k 51.32
Illumina (ILMN) 0.3 $1.8M 10k 175.80
Gas Nat 0.3 $1.8M 205k 8.94
Jazz Pharmaceuticals (JAZZ) 0.3 $1.8M 14k 132.84
Allergan 0.3 $1.7M 6.3k 271.82
Johnson & Johnson (JNJ) 0.3 $1.7M 18k 93.33
Office Depot 0.3 $1.6M 252k 6.42
PacWest Ban 0.2 $1.4M 33k 42.81
Ryland 0.2 $1.3M 33k 40.84
Twitter 0.2 $1.3M 50k 26.94
Xpo Logistics Inc equity (XPO) 0.2 $1.3M 55k 23.83
Aetna 0.2 $1.3M 12k 109.39
Wl Ross Hldg 0.2 $1.2M 117k 10.38
Keycorp New pfd 7.75% sr a 0.2 $1.2M 8.9k 131.01
Dick's Sporting Goods (DKS) 0.2 $1.1M 22k 49.58
Micron Technology (MU) 0.2 $1.1M 74k 14.98
Pace Holdings Corp. equities 0.2 $1.0M 100k 10.20
Atlantic Alliance Partner 0.2 $1.0M 99k 10.15
Baker Hughes Incorporated 0.1 $886k 17k 52.04
Pangaea Logistics Solution L (PANL) 0.1 $878k 315k 2.79
Franklin Resources (BEN) 0.1 $801k 22k 37.26
Acadia Healthcare (ACHC) 0.1 $795k 12k 66.25
Remy Intl Inc Hldg 0.1 $823k 28k 29.25
Stamps 0.1 $719k 9.7k 74.04
J Alexanders Holding 0.1 $735k 74k 9.97
Om 0.1 $658k 20k 32.90
Zillow Group Inc Cl A (ZG) 0.1 $699k 26k 26.98
Fireeye 0.1 $636k 20k 31.80
Freescale Semiconductor Holdin 0.1 $574k 16k 36.60
Xoom 0.1 $550k 22k 24.90
Chubb Corporation 0.1 $491k 4.0k 122.75
Banco Santander (BSBR) 0.1 $514k 163k 3.15
AES Corporation (AES) 0.1 $490k 50k 9.80
Independence Contract Dril I 0.1 $481k 97k 4.98
Westrock (WRK) 0.1 $514k 10k 51.40
Regions Financial Corporation (RF) 0.1 $405k 45k 9.00
Tidewater 0.1 $447k 34k 13.15
Home Depot (HD) 0.1 $381k 3.3k 115.45
Sotheby's 0.1 $400k 13k 32.00
CECO Environmental (CECO) 0.1 $396k 48k 8.20
Ringcentral (RNG) 0.1 $364k 20k 18.20
BHP Billiton (BHP) 0.1 $286k 9.1k 31.60
Ptc Therapeutics I (PTCT) 0.1 $317k 10k 31.70
Goldcorp 0.0 $250k 20k 12.50
OmniVision Technologies 0.0 $226k 8.6k 26.26
Harmony Merger Corp w exp 01/01/202 0.0 $270k 900k 0.30
Arbutus Biopharma (ABUS) 0.0 $226k 37k 6.09
Kinross Gold Corp (KGC) 0.0 $169k 98k 1.72
Quad/Graphics (QUAD) 0.0 $192k 16k 12.08
Mitel Networks Corp 0.0 $171k 27k 6.46
United Sts Brent Oil Fd Lp unit (BNO) 0.0 $166k 10k 16.60
Tahoe Resources 0.0 $155k 20k 7.75
Sungy Mobile Ltd adr rep ord a 0.0 $172k 39k 4.47
Wl Ross Holding Corp wrt 0.0 $209k 255k 0.82
Morgans Hotel 0.0 $130k 39k 3.33
Millennial Media 0.0 $102k 58k 1.75
Pozen 0.0 $64k 11k 5.82
Terrapin 3 Acquisition Corp *w exp 06/27/201 0.0 $80k 205k 0.39
Sphere 3d 0.0 $73k 35k 2.10
Quinpario Acquisition Corp 2 *w exp 01/01/202 0.0 $44k 200k 0.22
Brookfield Asset Management 0.0 $8.0k 245.00 32.65
Qlt 0.0 $30k 11k 2.69
Roi Acquisition Corp Ii *w exp 99/99/999 0.0 $18k 50k 0.36