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KPF

K2 Principal Fund Portfolio holdings

AUM $1.36B
1-Year Est. Return 25.57%
This Fund
S&P 500
This Quarter Est. Return
+1.54%
1 Year Est. Return
+25.57%
3 Year Est. Return
+75.5%
5 Year Est. Return
+59.21%
10 Year Est. Return
+265.44%
AUM
$695M
AUM Growth
+$157M
Cap. Flow
-$235M
Cap. Flow %
-33.77%
Top 10 Hldgs %
21.92%
Holding
353
New
106
Increased
32
Reduced
41
Closed
90

Top Buys

Rank Stock Value
1
VACHU
Voyager Acquisition Corp Unit
VACHU
+$10.4M
2
HONDU
HCM II Acquisition Corp Unit
HONDU
+$7.74M
3
VCICU
Vine Hill Capital Investment Corp Unit
VCICU
+$7.25M
4
PMT
PennyMac Mortgage Investment
PMT
+$5.71M
5
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$5.4M

Top Sells

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$27.9M
2
ALFUU
Centurion Acquisition Corp Unit
ALFUU
+$6.39M
3
CUBWU
Lionheart Holdings Unit
CUBWU
+$4.79M
4
SRG
Seritage Growth Properties
SRG
+$4.61M
5
CORZ icon
Core Scientific
CORZ
+$4.45M

Sector Composition

Rank Sector Weight
1 Technology 4.14%
2 Financials 3.19%
3 Energy 2.1%
4 Healthcare 1.71%
5 Consumer Discretionary 1.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FNV icon
226
PUT
Franco-Nevada
FNV
$46.5B
– –
-4,400
Closed -$521K
FORL
227
DELISTED
Four Leaf Acquisition Corp
FORL
– –
-145,306
Closed -$1.59M
FSM icon
228
Fortuna Silver Mines
FSM
$3.18B
– –
-112,476
Closed -$550K
GFR icon
229
Greenfire Resources
GFR
$814M
– –
-50,003
Closed -$338K
HBI
230
DELISTED
Hanesbrands
HBI
– –
-50,000
Closed -$247K
HUBCZ icon
231
Hub Cyber Security Warrant
HUBCZ
$136K
$0 ﹤0.01%
1,950,375
-178,983
-8% -$1.38K
IRBT
232
PUT
DELISTED
iRobot
IRBT
– –
-50,000
Closed -$456K
KGC icon
233
PUT
Kinross Gold
KGC
$32.5B
– –
-100,000
Closed -$832K
LZM.WS icon
234
Lifezone Metals Ltd Warrants
LZM.WS
$29.3M
– –
-194,574
Closed -$87.6K
MANH icon
235
PUT
Manhattan Associates
MANH
$11.4B
– –
-2,000
Closed -$493K
MAXN
236
DELISTED
Maxeon Solar Technologies
MAXN
– –
-374
Closed -$31.8K
MAXN
237
PUT
DELISTED
Maxeon Solar Technologies
MAXN
– –
-1,000
Closed -$85K
MGNX icon
238
MacroGenics
MGNX
$259M
– –
-14,800
Closed -$62.9K
MPC icon
239
Marathon Petroleum
MPC
$90B
– –
-1,200
Closed -$208K
NEM icon
240
Newmont
NEM
$124B
– –
-25,000
Closed -$1.24M
OAKU
241
DELISTED
Oak Woods Acquisition Corp
OAKU
– –
-20,096
Closed -$219K
PGYWW
242
Pagaya Technologies Ltd Warrants
PGYWW
$1.34M
– –
-154,481
Closed -$17K
PHM icon
243
CALL
Pultegroup
PHM
$24.8B
– –
-10,000
Closed -$1.1M
PM icon
244
CALL
Philip Morris
PM
$290B
– –
-20,000
Closed -$2.03M
RGLD icon
245
Royal Gold
RGLD
$19.8B
– –
-5,450
Closed -$682K
RGLD icon
246
PUT
Royal Gold
RGLD
$19.8B
– –
-10,000
Closed -$1.25M
SHOP icon
247
Shopify
SHOP
$200B
– –
-11,000
Closed -$727K
SRG
248
Seritage Growth Properties
SRG
$136M
– –
-984,511
Closed -$4.61M
TLT icon
249
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$40.5B
– –
-222,000
Closed -$20.4M
VGASW icon
250
Verde Clean Fuels Warrant
VGASW
$761K
– –
-91,475
Closed -$16.5K
8 9
10
11 12

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DC
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FC
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QF
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KRS
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PP
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CRM
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K2 Principal Fund's Q3 2024 Portfolio in Review

As of Q3 2024, K2 Principal Fund held 353 positions worth $695M, up 29% from $538M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

K2 Principal Fund withdrew a net $235M in Q3 2024, closing 90 positions and reducing 41 holdings. Its most notable exit was Centurion Acquisition Corp Unit, an estimated $6.39M position sold in full.

By sector, the portfolio is most concentrated in Technology at 4.1% of assets, down from 6.5% a quarter earlier, followed by Financials and Energy.

Against the trend, K2 Principal Fund opened a new position in Voyager Acquisition Corp Unit worth $10.4M.

  • K2 Principal Fund's largest Q3 2024 buy was Voyager Acquisition Corp Unit: 1,042,400 shares worth $10.4M.
  • K2 Principal Fund added most to iTeos Therapeutics in Q3 2024, an estimated $4.24M increase.
  • K2 Principal Fund's biggest Q3 2024 reduction was ARS Pharmaceuticals, cutting an estimated $27.9M.
  • K2 Principal Fund fully exited Centurion Acquisition Corp Unit in Q3 2024, selling an estimated $6.39M.
  • K2 Principal Fund's ten largest holdings make up 22% of its $695M portfolio in Q3 2024.
  • K2 Principal Fund opened 106 new positions and closed 90 in Q3 2024.
  • K2 Principal Fund's portfolio value rose 29% quarter-over-quarter to $695M.

Based on K2 Principal Fund's 13F filing for Q3 2024, filed 15 Nov 2024.