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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
+1.82%
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
$538M
AUM Growth
-$41.2M
Cap. Flow
-$265M
Cap. Flow %
-49.32%
Top 10 Hldgs %
27.81%
Holding
341
New
99
Increased
35
Reduced
34
Closed
113

Top Buys

Rank Stock Value
1
ALFUU
Centurion Acquisition Corp Unit
ALFUU
+$6.4M
2
CUBWU
Lionheart Holdings Unit
CUBWU
+$4.8M
3
SRG
Seritage Growth Properties
SRG
+$3.53M
4
ITOS
iTeos Therapeutics
ITOS
+$3.4M
5
MODV
ModivCare
MODV
+$3.23M

Top Sells

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$6.34M
2
COOP
Mr. Cooper
COOP
+$5.41M
3
BITO icon
ProShares Bitcoin Strategy ETF
BITO
+$4.2M
4
TFPM icon
Triple Flag Precious Metals
TFPM
+$3.56M
5
GRAB icon
Grab
GRAB
+$3.15M

Sector Composition

Rank Sector Weight
1 Financials 6.72%
2 Technology 6.45%
3 Healthcare 5.76%
4 Materials 1.96%
5 Industrials 1.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CLF icon
201
CALL
Cleveland-Cliffs
CLF
$7.21B
– –
-50,000
Closed -$1.14M
CNNE icon
202
Cannae Holdings
CNNE
$640M
– –
-15,069
Closed -$335K
DHI icon
203
D.R. Horton
DHI
$41B
– –
-8,400
Closed -$1.38M
EME icon
204
Emcor
EME
$36.1B
– –
-1,282
Closed -$449K
FCX icon
205
CALL
Freeport-McMoran
FCX
$99.1B
– –
-75,000
Closed -$3.53M
FNV icon
206
CALL
Franco-Nevada
FNV
$45.8B
– –
-32,300
Closed -$3.85M
FNV icon
207
Franco-Nevada
FNV
$45.8B
– –
-13,900
Closed -$1.69M
GDXJ icon
208
PUT
VanEck Junior Gold Miners ETF
GDXJ
$8.45B
– –
-75,000
Closed -$2.91M
GLD icon
209
CALL
SPDR Gold Trust
GLD
$142B
– –
-15,000
Closed -$3.09M
GRAB icon
210
Grab
GRAB
$14.9B
– –
-1,004,373
Closed -$3.15M
HCC icon
211
CALL
Warrior Met Coal
HCC
$4.98B
– –
-5,000
Closed -$304K
HCC icon
212
Warrior Met Coal
HCC
$4.98B
– –
-9,300
Closed -$565K
HSPO
213
DELISTED
Horizon Space Acquisition I Corp
HSPO
– –
-75,000
Closed -$816K
HUBCW icon
214
Hub Cyber Security Warrant 2/27/28
HUBCW
$185K
– –
-404,542
Closed -$8.09K
IAU icon
215
PUT
iShares Gold Trust
IAU
$64.5B
– –
-200,000
Closed -$8.4M
INTC icon
216
CALL
Intel
INTC
$501B
– –
-50,000
Closed -$2.21M
IREN icon
217
Iris Energy
IREN
$14.1B
– –
-125,000
Closed -$675K
IVCA
218
DELISTED
Investcorp India Acquisition Corp
IVCA
– –
-138,336
Closed -$1.55M
JNPR
219
DELISTED
Juniper Networks
JNPR
– –
-26,400
Closed -$978K
KGC icon
220
CALL
Kinross Gold
KGC
$32.5B
– –
-350,000
Closed -$2.15M
LEN icon
221
Lennar Class A
LEN
$20.6B
– –
-4,132
Closed -$688K
M icon
222
Macy's
M
$6.71B
– –
-31,027
Closed -$620K
META icon
223
Meta Platforms (Facebook)
META
$1.51T
– –
-500
Closed -$243K
MGRC icon
224
McGrath RentCorp
MGRC
$2.93B
– –
-21,311
Closed -$2.63M
MLM icon
225
CALL
Martin Marietta Materials
MLM
$32.9B
– –
-10,000
Closed -$6.14M
7 8
9
10 11

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QF
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KRS
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K2 Principal Fund's Q2 2024 Portfolio in Review

As of Q2 2024, K2 Principal Fund held 341 positions worth $538M, down 7.1% from $579M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

K2 Principal Fund withdrew a net $265M in Q2 2024, closing 113 positions and reducing 34 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $6.34M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.7% of assets, down from 7.8% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Centurion Acquisition Corp Unit worth $6.39M.

  • K2 Principal Fund's largest Q2 2024 buy was Centurion Acquisition Corp Unit: 639,378 shares worth $6.39M.
  • K2 Principal Fund added most to Seritage Growth Properties in Q2 2024, an estimated $3.53M increase.
  • K2 Principal Fund's biggest Q2 2024 reduction was Mr. Cooper, cutting an estimated $5.41M.
  • K2 Principal Fund fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $6.34M.
  • K2 Principal Fund's ten largest holdings make up 28% of its $538M portfolio in Q2 2024.
  • K2 Principal Fund opened 99 new positions and closed 113 in Q2 2024.
  • K2 Principal Fund's portfolio value fell 7.1% quarter-over-quarter to $538M.

Based on K2 Principal Fund's 13F filing for Q2 2024, filed 14 Aug 2024.