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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
+4.79%
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
$785M
AUM Growth
+$308M
Cap. Flow
-$1.15M
Cap. Flow %
-0.15%
Top 10 Hldgs %
37.08%
Holding
337
New
107
Increased
33
Reduced
35
Closed
107

Top Buys

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$8.17M
2
IVCB
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
+$3.6M
3
TXNM
TXNM Energy Inc
TXNM
+$3.43M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.39M
5
PXD
Pioneer Natural Resource Co.
PXD
+$3.12M

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$9.83M
2
VMW
VMware, Inc
VMW
+$6.21M
3
CVE icon
Cenovus Energy
CVE
+$4.16M
4
GMED icon
Globus Medical
GMED
+$3.48M
5
NATI
National Instruments Corp
NATI
+$3.35M

Sector Composition

Rank Sector Weight
1 Financials 8.26%
2 Healthcare 2.22%
3 Technology 1.63%
4 Energy 1.34%
5 Consumer Discretionary 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MSOS icon
226
CALL
AdvisorShares Pure US Cannabis ETF
MSOS
$814M
– –
-750,000
Closed -$5.96M
MXL icon
227
CALL
MaxLinear
MXL
$5.19B
– –
-80,000
Closed -$1.78M
ONMDW icon
228
OneMedNet Corp Warrant
ONMDW
$770K
– –
-234,708
Closed -$10.6K
OPTXW icon
229
Syntec Optics Holdings Warrant
OPTXW
$13.4M
– –
-12,873
Closed -$602
PLL
230
PUT
DELISTED
Piedmont Lithium
PLL
– –
-51,000
Closed -$2.02M
PMT
231
PennyMac Mortgage Investment
PMT
$845M
– –
-10,597
Closed -$131K
RGLD icon
232
PUT
Royal Gold
RGLD
$16.6B
– –
-7,500
Closed -$797K
RMCOW icon
233
Royalty Management Holding Warrant
RMCOW
$1.46M
– –
-97,660
Closed -$4.06K
RWT
234
Redwood Trust
RWT
$588M
– –
-10,014
Closed -$71.4K
RWT
235
PUT
Redwood Trust
RWT
$588M
– –
-37,500
Closed -$267K
SCLX icon
236
PUT
Scilex Holding
SCLX
$46.1M
– –
-2,783
Closed -$136K
SIMO icon
237
Silicon Motion
SIMO
$7.11B
– –
-36,000
Closed -$1.84M
SJT
238
San Juan Basin Royalty Trust
SJT
$119M
– –
-10,418
Closed -$72.2K
SMTC icon
239
Semtech
SMTC
$9.65B
– –
-16,400
Closed -$422K
SPTI icon
240
PUT
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.5B
– –
-75,000
Closed -$2.06M
STLD icon
241
Steel Dynamics
STLD
$36.2B
– –
-10,525
Closed -$1.17M
SYF icon
242
Synchrony
SYF
$24.4B
– –
-37,042
Closed -$1.13M
TAC icon
243
CALL
TransAlta
TAC
$3.93B
– –
-100,000
Closed -$870K
TOL icon
244
PUT
Toll Brothers
TOL
$14B
– –
-10,000
Closed -$740K
TPR icon
245
PUT
Tapestry
TPR
$30.3B
– –
-50,000
Closed -$1.44M
TSEM icon
246
CALL
Tower Semiconductor
TSEM
$21.2B
– –
-25,000
Closed -$614K
TSEM icon
247
Tower Semiconductor
TSEM
$21.2B
– –
-117,867
Closed -$2.89M
UBS icon
248
UBS Group
UBS
$170B
– –
-22,000
Closed -$542K
UHAL.B icon
249
CALL
U-Haul Holding Co Series N
UHAL.B
$12.4B
– –
-4,000
Closed -$210K
USO icon
250
PUT
United States Oil Fund
USO
$2.15B
– –
-450,000
Closed -$36.4M
8 9
10
11 12

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SCA
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K2 Principal Fund's Q4 2023 Portfolio in Review

As of Q4 2023, K2 Principal Fund held 337 positions worth $785M, up 64% from $477M the previous quarter. Its ten largest holdings account for 37% of the portfolio.

K2 Principal Fund's Q4 2023 filing shows 107 new, 33 increased, 35 reduced and 107 closed positions. Its largest new stake was Investcorp Europe Acquisition Corp I Class A Ordinary Shares: 328,498 shares worth $3.62M. The largest sale was Activision Blizzard, an estimated $9.83M.

By sector, the portfolio is most concentrated in Financials at 8.3% of assets, up from 3.8% a quarter earlier, followed by Healthcare and Technology.

  • K2 Principal Fund's largest Q4 2023 buy was Investcorp Europe Acquisition Corp I Class A Ordinary Shares: 328,498 shares worth $3.62M.
  • K2 Principal Fund added most to Mr. Cooper in Q4 2023, an estimated $8.17M increase.
  • K2 Principal Fund's biggest Q4 2023 reduction was U-Haul Holding Co Series N, cutting an estimated $2.02M.
  • K2 Principal Fund fully exited Activision Blizzard in Q4 2023, selling an estimated $9.83M.
  • K2 Principal Fund's ten largest holdings make up 37% of its $785M portfolio in Q4 2023.
  • K2 Principal Fund opened 107 new positions and closed 107 in Q4 2023.
  • K2 Principal Fund's portfolio value rose 64% quarter-over-quarter to $785M.

Based on K2 Principal Fund's 13F filing for Q4 2023, filed 14 Feb 2024.