K2 Principal Fund, L.p. Buys Aetna Inc, Citigroup Inc, Rockwell Collins Inc, Sells Waste Connections Inc, Alphabet Inc, Bristol-Myers Squibb Company

• New Purchases: C, COL, MS, OMAD.U, MX, MYL, DFBHU, MSCC, LPX, OLED,
• Added Positions: AET, NXPI, CY, CAVM, TRCO, BRK.B, DYN, WTTR, MERC, SIGM,
• Reduced Positions: GOOGL, MON, TPGE, HCAC, LITE, WRLS, CMSSU, FSACU, TER, AAPL,
• Sold Out: WCN, BMY, MGA, CPN, PX, EXAC, MXIM, SNI, ORCL, RGC,

For the details of K2 PRINCIPAL FUND, L.P.'s stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=K2+PRINCIPAL+FUND%2C+L.P.

1. iShares 20+ Year Treasury Bond ETF (TLT) - 1,076,400 shares, 7.94% of the total portfolio.
2. Alphabet Inc (GOOGL) - 76,500 shares, 4.8% of the total portfolio.
3. SPDR Select Sector Fund - Technology (XLK) - 1,175,000 shares, 4.65% of the total portfolio.
4. iShares iBoxx $ Investment Grade Corporate Bond (LQD) - 405,600 shares, 2.88% of the total portfolio.
5. SPDR Select Sector Fund - Technology (XLK) - 710,500 shares, 2.81% of the total portfolio.

K2 Principal Fund, L.p. initiated holding in Citigroup Inc. The purchase prices were between $67.5 and $80.08, with an estimated average price of $75.21. The stock is now traded at around $67.63. The impact to a portfolio due to this purchase was 0.8%. The holding were 195,000 shares as of 2018-03-31.

K2 Principal Fund, L.p. initiated holding in Morgan Stanley. The purchase prices were between $51.79 and $58.91, with an estimated average price of $55.35. The stock is now traded at around $49.79. The impact to a portfolio due to this purchase was 0.62%. The holding were 190,000 shares as of 2018-03-31.

K2 Principal Fund, L.p. initiated holding in Rockwell Collins Inc. The purchase prices were between $133.24 and $139.41, with an estimated average price of $136.51. The stock is now traded at around $134.22. The impact to a portfolio due to this purchase was 0.62%. The holding were 76,339 shares as of 2018-03-31.

K2 Principal Fund, L.p. initiated holding in One Madison Corp. The purchase prices were between $9.92 and $10.01, with an estimated average price of $9.97. The stock is now traded at around $10.20. The impact to a portfolio due to this purchase was 0.58%. The holding were 959,998 shares as of 2018-03-31.

K2 Principal Fund, L.p. initiated holding in MagnaChip Semiconductor Corp. The purchase prices were between $9 and $12.95, with an estimated average price of $10.57. The stock is now traded at around $10.45. The impact to a portfolio due to this purchase was 0.51%. The holding were 870,000 shares as of 2018-03-31.

K2 Principal Fund, L.p. initiated holding in Mylan NV. The purchase prices were between $38.87 and $47.64, with an estimated average price of $42.63. The stock is now traded at around $38.63. The impact to a portfolio due to this purchase was 0.5%. The holding were 200,000 shares as of 2018-03-31.

K2 Principal Fund, L.p. added to a holding in Aetna Inc by 623.66%. The purchase prices were between $168.11 and $193.74, with an estimated average price of $179.7. The stock is now traded at around $189.15. The impact to a portfolio due to this purchase was 0.96%. The holding were 108,549 shares as of 2018-03-31.

K2 Principal Fund, L.p. added to a holding in NXP Semiconductors NV by 46.67%. The purchase prices were between $114.88 and $125.71, with an estimated average price of $120.68. The stock is now traded at around $112.84. The impact to a portfolio due to this purchase was 0.5%. The holding were 220,000 shares as of 2018-03-31.

K2 Principal Fund, L.p. added to a holding in Cypress Semiconductor Corp by 91.00%. The purchase prices were between $15.25 and $18.62, with an estimated average price of $17.14. The stock is now traded at around $17.19. The impact to a portfolio due to this purchase was 0.47%. The holding were 955,000 shares as of 2018-03-31.

K2 Principal Fund, L.p. added to a holding in Cavium Inc by 188.58%. The purchase prices were between $79.38 and $90.99, with an estimated average price of $87.29. The stock is now traded at around $83.01. The impact to a portfolio due to this purchase was 0.41%. The holding were 129,862 shares as of 2018-03-31.

K2 Principal Fund, L.p. added to a holding in Tribune Media Co by 241.01%. The purchase prices were between $40.36 and $43.58, with an estimated average price of $42.15. The stock is now traded at around $37.91. The impact to a portfolio due to this purchase was 0.35%. The holding were 200,352 shares as of 2018-03-31.

K2 Principal Fund, L.p. added to a holding in Berkshire Hathaway Inc by 293.76%. The purchase prices were between $191.42 and $217.25, with an estimated average price of $205.28. The stock is now traded at around $188.86. The impact to a portfolio due to this purchase was 0.24%. The holding were 26,138 shares as of 2018-03-31.

K2 Principal Fund, L.p. sold out a holding in Waste Connections Inc. The sale prices were between $65.6 and $73.87, with an estimated average price of $71.13.

K2 Principal Fund, L.p. sold out a holding in Bristol-Myers Squibb Company. The sale prices were between $59.92 and $68.98, with an estimated average price of $64.33.

K2 Principal Fund, L.p. sold out a holding in Magna International Inc. The sale prices were between $52.31 and $59.67, with an estimated average price of $55.86.

K2 Principal Fund, L.p. sold out a holding in Calpine Corp. The sale prices were between $15.04 and $15.25, with an estimated average price of $15.13.

K2 Principal Fund, L.p. sold out a holding in Praxair Inc. The sale prices were between $142.16 and $165.69, with an estimated average price of $155.53.

K2 Principal Fund, L.p. sold out a holding in Exactech Inc. The sale prices were between $49.25 and $50.7, with an estimated average price of $49.76.

K2 Principal Fund, L.p. reduced to a holding in Alphabet Inc by 30.85%. The sale prices were between $1005.18 and $1187.56, with an estimated average price of $1108.89. The stock is now traded at around $1169.44. The impact to a portfolio due to this sale was -1.5%. K2 Principal Fund, L.p. still held 42,010 shares as of 2018-03-31.

K2 Principal Fund, L.p. reduced to a holding in Monsanto Co by 53.7%. The sale prices were between $116.69 and $123.59, with an estimated average price of $120.33. The stock is now traded at around $127.95. The impact to a portfolio due to this sale was -0.84%. K2 Principal Fund, L.p. still held 81,573 shares as of 2018-03-31.

K2 Principal Fund, L.p. reduced to a holding in TPG Pace Energy Holdings Corp by 45.34%. The sale prices were between $9.69 and $10.18, with an estimated average price of $9.79. The stock is now traded at around $10.53. The impact to a portfolio due to this sale was -0.58%. K2 Principal Fund, L.p. still held 955,876 shares as of 2018-03-31.

K2 Principal Fund, L.p. reduced to a holding in Hennessy Capital Acquisition Corp III by 55.45%. The sale prices were between $9.8 and $10, with an estimated average price of $9.87. The stock is now traded at around $10.03. The impact to a portfolio due to this sale was -0.4%. K2 Principal Fund, L.p. still held 434,800 shares as of 2018-03-31.

K2 Principal Fund, L.p. reduced to a holding in Lumentum Holdings Inc by 88.67%. The sale prices were between $42.6 and $73.2, with an estimated average price of $57.21. The stock is now traded at around $58.05. The impact to a portfolio due to this sale was -0.38%. K2 Principal Fund, L.p. still held 13,029 shares as of 2018-03-31.

K2 Principal Fund, L.p. reduced to a holding in Pensare Acquisition Corp by 49.36%. The sale prices were between $9.68 and $10.17, with an estimated average price of $9.73. The stock is now traded at around $9.87. The impact to a portfolio due to this sale was -0.37%. K2 Principal Fund, L.p. still held 520,807 shares as of 2018-03-31.