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KPF

K2 Principal Fund Portfolio holdings

AUM $1.36B
1-Year Est. Return 25.58%
This Fund
S&P 500
This Quarter Est. Return
+2.96%
1 Year Est. Return
+25.58%
3 Year Est. Return
+76.48%
5 Year Est. Return
+60.09%
10 Year Est. Return
+267.47%
AUM
$437M
AUM Growth
-$289M
Cap. Flow
-$218M
Cap. Flow %
-49.8%
Top 10 Hldgs %
29.71%
Holding
349
New
84
Increased
25
Reduced
62
Closed
127

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$5.46M
2
WRLD icon
World Acceptance Corp
WRLD
+$4.62M
3
PFSI icon
PennyMac Financial
PFSI
+$3.57M
4
NUVA
NuVasive, Inc.
NUVA
+$2.9M
5
UHAL icon
U-Haul Holding Co
UHAL
+$2.22M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$10.5M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$9.44M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.96M
4
PMT
PennyMac Mortgage Investment
PMT
+$7.59M
5
AUY
Yamana Gold, Inc.
AUY
+$7.09M

Sector Composition

Rank Sector Weight
1 Miscellaneous 71.94%
2 Financials 6.76%
3 Technology 5.6%
4 Healthcare 3.73%
5 Real Estate 3.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GME icon
226
GameStop
GME
$11.5B
– –
-17,712
Closed -$408K
GMED icon
227
CALL
Globus Medical
GMED
$9.96B
– –
-50,000
Closed -$2.83M
GMED icon
228
Globus Medical
GMED
$9.96B
– –
-29,647
Closed -$1.68M
HAS icon
229
CALL
Hasbro
HAS
$12.5B
– –
-76,300
Closed -$4.1M
HWH icon
230
HWH International
HWH
$16.6M
– –
-52,966
Closed -$2.71M
INN
231
CALL
Summit Hotel Properties
INN
$617M
– –
-25,000
Closed -$175K
INSP icon
232
CALL
Inspire Medical Systems
INSP
$2.1B
– –
-6,000
Closed -$1.4M
ISRL
233
DELISTED
Israel Acquisitions Corp
ISRL
– –
-124,798
Closed -$1.28M
JNJ icon
234
Johnson & Johnson
JNJ
$651B
– –
-3,389
Closed -$547K
KGC icon
235
PUT
Kinross Gold
KGC
$33.8B
– –
-200,000
Closed -$942K
KRE icon
236
PUT
State Street SPDR S&P Regional Banking ETF
KRE
$4.23B
– –
-50,000
Closed -$2.19M
LTH icon
237
CALL
Life Time Group Holdings
LTH
$9.13B
– –
-58,700
Closed -$937K
MPC icon
238
Marathon Petroleum
MPC
$118B
– –
-22,000
Closed -$2.97M
MPC icon
239
PUT
Marathon Petroleum
MPC
$118B
– –
-60,000
Closed -$8.09M
MT icon
240
PUT
ArcelorMittal
MT
$56.6B
– –
-120,000
Closed -$3.61M
PEB icon
241
CALL
Pebblebrook Hotel Trust
PEB
$2.03B
– –
-25,000
Closed -$351K
PFSI icon
242
CALL
PennyMac Financial
PFSI
$3.46B
– –
-88,000
Closed -$5.25M
PSQH icon
243
PSQ Holdings
PSQH
$19.5M
– –
-1,463
Closed -$222K
PSX icon
244
PUT
Phillips 66
PSX
$109B
– –
-25,000
Closed -$2.53M
QS icon
245
PUT
QuantumScape Corp
QS
$3.18B
– –
-40,000
Closed -$327K
RCL icon
246
PUT
Royal Caribbean
RCL
$66.8B
– –
-162,500
Closed -$10.6M
RGLD icon
247
CALL
Royal Gold
RGLD
$21.3B
– –
-89,000
Closed -$11.5M
RIVN icon
248
CALL
Rivian
RIVN
$22.3B
– –
-78,000
Closed -$1.21M
RKT icon
249
PUT
Rocket Companies
RKT
$35.6B
– –
-39,000
Closed -$353K
RY icon
250
CALL
Royal Bank of Canada
RY
$282B
– –
-35,000
Closed -$3.35M
8 9
10
11 12

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PFM
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PP
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FCM
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FBCM
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B
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AIP
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K2 Principal Fund's Q2 2023 Portfolio in Review

As of Q2 2023, K2 Principal Fund held 349 positions worth $437M, down 40% from $727M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

K2 Principal Fund withdrew a net $218M in Q2 2023, closing 127 positions and reducing 62 holdings. Its most notable exit was Mr. Cooper, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 72% of assets, down from 74% a quarter earlier, followed by Financials and Technology.

Against the trend, K2 Principal Fund opened a new position in PennyMac Financial worth $3.96M.

  • K2 Principal Fund's largest Q2 2023 buy was PennyMac Financial: 56,373 shares worth $3.96M.
  • K2 Principal Fund added most to Activision Blizzard in Q2 2023, an estimated $5.46M increase.
  • K2 Principal Fund's biggest Q2 2023 reduction was ARS Pharmaceuticals, cutting an estimated $9.44M.
  • K2 Principal Fund fully exited Mr. Cooper in Q2 2023, selling an estimated $10.5M.
  • K2 Principal Fund's ten largest holdings make up 30% of its $437M portfolio in Q2 2023.
  • K2 Principal Fund opened 84 new positions and closed 127 in Q2 2023.
  • K2 Principal Fund's portfolio value fell 40% quarter-over-quarter to $437M.

Based on K2 Principal Fund's 13F filing for Q2 2023, filed 15 Aug 2023.