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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
+11.09%
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
$658M
AUM Growth
-$213M
Cap. Flow
-$356M
Cap. Flow %
-54.08%
Top 10 Hldgs %
41.88%
Holding
370
New
83
Increased
31
Reduced
76
Closed
126

Top Buys

Rank Stock Value
1
BNS icon
Scotiabank
BNS
+$19.6M
2
UHAL.B icon
U-Haul Holding Co Series N
UHAL.B
+$10.2M
3
SJT
San Juan Basin Royalty Trust
SJT
+$6.12M
4
MNST icon
Monster Beverage
MNST
+$6.11M
5
STOR
STORE Capital Corporation
STOR
+$5.01M

Top Sells

Rank Stock Value
1
CIXX
CI Financial Corp.
CIXX
+$27.9M
2
RIVN icon
Rivian
RIVN
+$17.5M
3
PMT
PennyMac Mortgage Investment
PMT
+$15.7M
4
HTZWW
Hertz Global Holdings Warrants
HTZWW
+$13.2M
5
NMRK icon
Newmark Group
NMRK
+$13.1M

Sector Composition

Rank Sector Weight
1 Financials 10.45%
2 Healthcare 5.32%
3 Energy 4.61%
4 Real Estate 4.08%
5 Industrials 2.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MLAIW
226
DELISTED
McLaren Technology Acquisition Corp. Warrant
MLAIW
$525 ﹤0.01%
105,000
-20,000
-16% -$506
ABG icon
227
Asbury Automotive
ABG
$4.34B
– –
-2,200
Closed -$332K
ABNB icon
228
CALL
Airbnb
ABNB
$90.3B
– –
-81,200
Closed -$8.53M
ABNB icon
229
Airbnb
ABNB
$90.3B
– –
-7,269
Closed -$764K
ADVM
230
DELISTED
Adverum Biotechnologies
ADVM
– –
-1,039
Closed -$10K
AFRM icon
231
Affirm
AFRM
$24.5B
– –
-29,107
Closed -$439K
AFRM icon
232
PUT
Affirm
AFRM
$24.5B
– –
-382,600
Closed -$7.18M
AQB icon
233
AquaBounty Technologies
AQB
$4.68M
– –
-27,975
Closed -$437K
AUPH icon
234
Aurinia Pharmaceuticals
AUPH
$1.93B
– –
-58,772
Closed -$442K
AVIR icon
235
Atea Pharmaceuticals
AVIR
$379M
– –
-605,419
Closed -$3.44M
BBU
236
DELISTED
Brookfield Business Partners
BBU
– –
-23,976
Closed -$467K
BETR icon
237
Better Home & Finance Holding
BETR
$402M
– –
-4,860
Closed -$2.4M
BITO icon
238
PUT
ProShares Bitcoin Strategy ETF
BITO
$1.42B
– –
-50,000
Closed -$599K
BN icon
239
Brookfield
BN
$103B
– –
-76,447
Closed -$1.69M
BBBY
240
CALL
Bed Bath & Beyond
BBBY
$472M
– –
-23,100
Closed -$511K
BBBY
241
PUT
Bed Bath & Beyond
BBBY
$472M
– –
-34,100
Closed -$755K
CF icon
242
CALL
CF Industries
CF
$19.3B
– –
-50,000
Closed -$4.81M
CGAU
243
Centerra Gold
CGAU
$3.58B
– –
-10,000
Closed -$44K
CLDT
244
CALL
Chatham Lodging
CLDT
$622M
– –
-50,000
Closed -$493K
CLF icon
245
Cleveland-Cliffs
CLF
$6.64B
– –
-10,000
Closed -$151K
COIN icon
246
Coinbase
COIN
$43.1B
– –
-4,145
Closed -$218K
COOP
247
CALL
DELISTED
Mr. Cooper
COOP
– –
-71,100
Closed -$2.88M
CVNA icon
248
Carvana
CVNA
$44B
– –
-152,910
Closed -$323K
DASH icon
249
DoorDash
DASH
$86.1B
– –
-113,698
Closed -$5.9M
DKNG icon
250
PUT
DraftKings
DKNG
$11.8B
– –
-75,000
Closed -$1.14M
8 9
10
11 12

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WIM
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LCG
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CCM
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SCA
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K2 Principal Fund's Q4 2022 Portfolio in Review

As of Q4 2022, K2 Principal Fund held 370 positions worth $658M, down 24% from $871M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q4 2022, closing 126 positions and reducing 76 holdings. Its most notable exit was Rivian, an estimated $17.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 10% of assets, up from 8% a quarter earlier, followed by Healthcare and Energy.

Against the trend, K2 Principal Fund opened a new position in Scotiabank worth $19.5M.

  • K2 Principal Fund's largest Q4 2022 buy was Scotiabank: 397,554 shares worth $19.5M.
  • K2 Principal Fund added most to San Juan Basin Royalty Trust in Q4 2022, an estimated $6.12M increase.
  • K2 Principal Fund's biggest Q4 2022 reduction was CI Financial Corp., cutting an estimated $27.9M.
  • K2 Principal Fund fully exited Rivian in Q4 2022, selling an estimated $17.5M.
  • K2 Principal Fund's ten largest holdings make up 42% of its $658M portfolio in Q4 2022.
  • K2 Principal Fund opened 83 new positions and closed 126 in Q4 2022.
  • K2 Principal Fund's portfolio value fell 24% quarter-over-quarter to $658M.

Based on K2 Principal Fund's 13F filing for Q4 2022, filed 10 Feb 2023.