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KPF

K2 Principal Fund Portfolio holdings

AUM $1.43B
1-Year Est. Return 29.56%
This Fund
S&P 500
This Quarter Est. Return
-0.7%
1 Year Est. Return
+29.56%
3 Year Est. Return
+71.66%
5 Year Est. Return
+57.43%
10 Year Est. Return
+278.66%
AUM
$1.43B
AUM Growth
+$191M
Cap. Flow
-$106M
Cap. Flow %
-7.43%
Top 10 Hldgs %
20.87%
Holding
592
New
187
Increased
59
Reduced
77
Closed
105

Top Buys

Rank Stock Value
1
PFSI icon
PennyMac Financial
PFSI
+$8.39M
2
GLD icon
SPDR Gold Trust
GLD
+$6.54M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$6.24M
4
SPRY icon
ARS Pharmaceuticals
SPRY
+$5.27M
5
WLIIU
Willow Lane Acquisition Corp II Unit
WLIIU
+$4.55M

Top Sells

Rank Stock Value
1
BTI icon
British American Tobacco
BTI
+$5.69M
2
B
Barrick Mining
B
+$4.4M
3
NGD
New Gold Inc
NGD
+$4.19M
4
ALUB.U
Alussa Energy Acquisition Corp II Units
ALUB.U
+$3.54M
5
OPEN icon
Opendoor
OPEN
+$3.26M

Sector Composition

Rank Sector Weight
1 Financials 8.7%
2 Communication Services 1.84%
3 Consumer Discretionary 1.81%
4 Materials 1.59%
5 Technology 1.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AEXA
226
CALL
American Exceptionalism Acquisition Corp
AEXA
$576M
$663K 0.05%
+61,200
New +$693K
CLF icon
227
Cleveland-Cliffs
CLF
$6.25B
$654K 0.05%
77,453
+36,153
+88% +$414K
SXT icon
228
Sensient Technologies
SXT
$4.98B
$648K 0.05%
+7,500
New +$702K
AEIS icon
229
PUT
Advanced Energy
AEIS
$12.6B
$645K 0.05%
2,000
– –
MEVO
230
M Evo Global Acquisition Corp II
MEVO
$632K 0.04%
+64,243
New +$633K
MTA
231
Metalla Royalty & Streaming
MTA
$706M
$542K 0.04%
81,760
+12,000
+17% +$94.9K
AMTM
232
CALL
Amentum Holdings
AMTM
$5.38B
$522K 0.04%
+20,000
New +$628K
MTAL.U
233
Metals Acquisition Corp II Units
MTAL.U
$505K 0.04%
+50,000
New +$505K
FFBC icon
234
First Financial Bancorp
FFBC
$3.55B
$504K 0.04%
18,068
-8,508
-32% -$237K
ARTC
235
Art Technology Acquisition Corp
ARTC
$490K 0.03%
+50,000
New +$490K
HVII
236
Hennessy Capital Investment Corp VII
HVII
$273M
$486K 0.03%
46,922
-6,520
-12% -$67.3K
IMSR
237
Terrestrial Energy
IMSR
$563M
$481K 0.03%
+80,000
New +$634K
LION icon
238
CALL
Lionsgate Studios
LION
$3.89B
$480K 0.03%
50,000
– –
HCIC
239
Hennessy Capital Investment Corp
HCIC
$465K 0.03%
+47,256
New +$465K
KEYS icon
240
Keysight
KEYS
$55.6B
$452K 0.03%
+1,600
New +$401K
TE
241
CALL
T1 Energy
TE
$1.59B
$439K 0.03%
+100,000
New +$733K
CMCO icon
242
CALL
Columbus McKinnon
CMCO
$448M
$436K 0.03%
+30,000
New +$559K
LRCX icon
243
Lam Research
LRCX
$400B
$427K 0.03%
+2,000
New +$447K
VBNK
244
VersaBank
VBNK
$638M
$425K 0.03%
29,982
+6,824
+29% +$105K
AMAT icon
245
Applied Materials
AMAT
$447B
$423K 0.03%
+1,238
New +$416K
RGTI icon
246
PUT
Rigetti Computing
RGTI
$4.94B
$421K 0.03%
+30,000
New +$563K
STKL
247
DELISTED
SunOpta
STKL
$417K 0.03%
+64,304
New +$363K
MARA icon
248
CALL
Marathon Digital Holdings
MARA
$4.87B
$408K 0.03%
+50,000
New +$452K
UTF icon
249
Cohen & Steers Infrastructure Fund
UTF
$3.11B
$389K 0.03%
15,043
+5,000
+50% +$129K
TER icon
250
Teradyne
TER
$58.5B
$385K 0.03%
1,300
-2,364
-65% -$659K
8 9
10
11 12

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WIM
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LCG
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CCM
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SMA
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SCA
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K2 Principal Fund's Q1 2026 Portfolio in Review

As of Q1 2026, K2 Principal Fund held 592 positions worth $1.43B, up 15% from $1.24B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

K2 Principal Fund withdrew a net $106M in Q1 2026, closing 105 positions and reducing 77 holdings. Its most notable exit was Barrick Mining, an estimated $4.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8.7% of assets, up from 7% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, K2 Principal Fund opened a new position in SPDR Gold Trust worth $6.28M.

  • K2 Principal Fund's largest Q1 2026 buy was SPDR Gold Trust: 14,603 shares worth $6.28M.
  • K2 Principal Fund added most to PennyMac Financial in Q1 2026, an estimated $8.39M increase.
  • K2 Principal Fund's biggest Q1 2026 reduction was British American Tobacco, cutting an estimated $5.69M.
  • K2 Principal Fund fully exited Barrick Mining in Q1 2026, selling an estimated $4.4M.
  • K2 Principal Fund's ten largest holdings make up 21% of its $1.43B portfolio in Q1 2026.
  • K2 Principal Fund opened 187 new positions and closed 105 in Q1 2026.
  • K2 Principal Fund's portfolio value rose 15% quarter-over-quarter to $1.43B.

Based on K2 Principal Fund's 13F filing for Q1 2026, filed 14 May 2026.