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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
BYNOW
201
DELISTED
byNordic Acquisition Corporation Warrant
BYNOW
$3.85K ﹤0.01%
+55,050
New +$4.92K
IVCBW
202
DELISTED
Investcorp Europe Acquisition Corp I Warrant
IVCBW
$3.34K ﹤0.01%
333,948
-10,800
-3% -$400
RFAIR
203
RF Acquisition Corp II Right
RFAIR
$3K ﹤0.01%
+50,000
New +$3.36K
BNIXW
204
DELISTED
Bannix Acquisition Corp. Warrant
BNIXW
$2.97K ﹤0.01%
148,397
– –
WINVW
205
DELISTED
WinVest Acquisition Corp. Warrant
WINVW
$2.58K ﹤0.01%
257,731
– –
HYAC.WS
206
DELISTED
Haymaker Acquisition Corp 4 Warrants
HYAC.WS
$2K ﹤0.01%
12,500
– –
ATMCW
207
DELISTED
AlphaTime Acquisition Corp Warrant
ATMCW
$1.42K ﹤0.01%
141,606
– –
MCAAW
208
DELISTED
Mountain & Co. I Acquisition Corp. Warrant
MCAAW
$1.09K ﹤0.01%
108,900
– –
ACA icon
209
CALL
Arcosa
ACA
$7.11B
– –
-30,000
Closed -$2.5M
AEM icon
210
PUT
Agnico Eagle Mines
AEM
$91.4B
– –
-25,000
Closed -$1.64M
AIV
211
Aimco
AIV
$377M
– –
-61,314
Closed -$508K
AMC icon
212
PUT
AMC Entertainment Holdings
AMC
$2.16B
– –
-75,000
Closed -$374K
ANSCW
213
Agriculture & Natural Solutions Acquisition Corp Warrant
ANSCW
$62.1K
– –
-75,557
Closed -$12.1K
AQN icon
214
CALL
Algonquin Power & Utilities
AQN
$4.36B
– –
-300,000
Closed -$1.76M
AR icon
215
PUT
Antero Resources
AR
$11.4B
– –
-100,000
Closed -$3.26M
BUJA
216
DELISTED
Bukit Jalil Global Acquisition 1
BUJA
– –
-150,000
Closed -$1.6M
CDNS icon
217
Cadence Design Systems
CDNS
$91.4B
– –
-1,790
Closed -$551K
CLF icon
218
PUT
Cleveland-Cliffs
CLF
$7.13B
– –
-100,000
Closed -$1.54M
CMCO icon
219
Columbus McKinnon
CMCO
$557M
– –
-25,651
Closed -$886K
COOP
220
DELISTED
Mr. Cooper
COOP
– –
-23,172
Closed -$1.88M
CORZ icon
221
Core Scientific
CORZ
$6.25B
– –
-478,029
Closed -$4.45M
DELL icon
222
PUT
Dell
DELL
$296B
– –
-10,000
Closed -$1.38M
EMCG
223
DELISTED
Embrace Change Acquisition Corp
EMCG
– –
-226,953
Closed -$2.55M
EQX icon
224
Equinox Gold
EQX
$13.5B
– –
-60,000
Closed -$339K
FCX icon
225
PUT
Freeport-McMoran
FCX
$98.7B
– –
-28,000
Closed -$1.36M
7 8
9
10 11

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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.