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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
-0.62%
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
$477M
AUM Growth
+$40.2M
Cap. Flow
-$122M
Cap. Flow %
-25.62%
Top 10 Hldgs %
32.85%
Holding
320
New
93
Increased
27
Reduced
48
Closed
94

Top Buys

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.4M
2
COOP
Mr. Cooper
COOP
+$7.77M
3
GMED icon
Globus Medical
GMED
+$3.92M
4
CVE icon
Cenovus Energy
CVE
+$3.82M
5
TSEM icon
Tower Semiconductor
TSEM
+$3.17M

Top Sells

Rank Stock Value
1
WRLD icon
World Acceptance Corp
WRLD
+$7.53M
2
NUVA
NuVasive, Inc.
NUVA
+$4.42M
3
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$3.33M
4
LSI
Life Storage, Inc.
LSI
+$3.09M
5
ILLM
illumin Holdings Inc. Common Shares
ILLM
+$2.86M

Sector Composition

Rank Sector Weight
1 Technology 6.54%
2 Healthcare 4.19%
3 Financials 3.85%
4 Energy 2.45%
5 Real Estate 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NTNX icon
226
CALL
Nutanix
NTNX
$16.1B
– –
-10,000
Closed -$281K
NUE icon
227
CALL
Nucor
NUE
$58.3B
– –
-5,000
Closed -$820K
NUE icon
228
Nucor
NUE
$58.3B
– –
-2,343
Closed -$384K
OPEN icon
229
PUT
Opendoor
OPEN
$3.54B
– –
-124,000
Closed -$482K
PLL
230
CALL
DELISTED
Piedmont Lithium
PLL
– –
-4,500
Closed -$260K
PTON icon
231
CALL
Peloton Interactive
PTON
$2.85B
– –
-212,000
Closed -$1.63M
RCL icon
232
Royal Caribbean
RCL
$86.5B
– –
-11,100
Closed -$1.11M
RKT icon
233
Rocket Companies
RKT
$38.8B
– –
-111,401
Closed -$998K
RWT
234
CALL
Redwood Trust
RWT
$588M
– –
-10,000
Closed -$63.7K
SGML icon
235
PUT
Sigma Lithium
SGML
$1.05B
– –
-14,200
Closed -$572K
SHO icon
236
CALL
Sunstone Hotel Investors
SHO
$2.19B
– –
-45,000
Closed -$455K
SKE
237
Skeena Resources
SKE
$3.19B
– –
-77,200
Closed -$373K
SLV icon
238
CALL
iShares Silver Trust
SLV
$27.7B
– –
-150,000
Closed -$3.13M
SPRY icon
239
PUT
ARS Pharmaceuticals
SPRY
$579M
– –
-264,400
Closed -$1.77M
STLD icon
240
CALL
Steel Dynamics
STLD
$36.2B
– –
-22,500
Closed -$2.45M
TGT icon
241
CALL
Target
TGT
$66.3B
– –
-6,000
Closed -$791K
TSLA icon
242
Tesla
TSLA
$1.18T
– –
-2,518
Closed -$659K
TWO
243
Two Harbors Investment
TWO
$1.27B
– –
-15,374
Closed -$213K
W icon
244
CALL
Wayfair
W
$11.8B
– –
-19,100
Closed -$1.24M
W icon
245
PUT
Wayfair
W
$11.8B
– –
-10,000
Closed -$650K
WEST icon
246
Westrock Coffee
WEST
$798M
– –
-93,750
Closed -$510K
WRLD icon
247
CALL
World Acceptance Corp
WRLD
$861M
– –
-10,000
Closed -$1.34M
WRLD icon
248
World Acceptance Corp
WRLD
$861M
– –
-56,203
Closed -$7.53M
X
249
DELISTED
US Steel
X
– –
-10,366
Closed -$291K
XME icon
250
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$3.75B
– –
-150,000
Closed -$7.62M
8 9
10
11 12

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LCG
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K2 Principal Fund's Q3 2023 Portfolio in Review

As of Q3 2023, K2 Principal Fund held 320 positions worth $477M, up 9.2% from $437M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

K2 Principal Fund withdrew a net $122M in Q3 2023, closing 94 positions and reducing 48 holdings. Its most notable exit was World Acceptance Corp, an estimated $7.53M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 5.6% a quarter earlier, followed by Healthcare and Financials.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $7.57M.

  • K2 Principal Fund's largest Q3 2023 buy was Mr. Cooper: 141,363 shares worth $7.57M.
  • K2 Principal Fund added most to ARS Pharmaceuticals in Q3 2023, an estimated $8.4M increase.
  • K2 Principal Fund's biggest Q3 2023 reduction was PennyMac Mortgage Investment, cutting an estimated $2.73M.
  • K2 Principal Fund fully exited World Acceptance Corp in Q3 2023, selling an estimated $7.53M.
  • K2 Principal Fund's ten largest holdings make up 33% of its $477M portfolio in Q3 2023.
  • K2 Principal Fund opened 93 new positions and closed 94 in Q3 2023.
  • K2 Principal Fund's portfolio value rose 9.2% quarter-over-quarter to $477M.

Based on K2 Principal Fund's 13F filing for Q3 2023, filed 13 Nov 2023.