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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
+9.18%
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
$579M
AUM Growth
-$206M
Cap. Flow
-$356M
Cap. Flow %
-61.45%
Top 10 Hldgs %
27.08%
Holding
345
New
120
Increased
30
Reduced
40
Closed
108

Top Buys

Rank Stock Value
1
IAU icon
iShares Gold Trust
IAU
+$8.11M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$6.24M
3
DJT icon
Trump Media & Technology Group
DJT
+$5.82M
4
INTC icon
Intel
INTC
+$3.56M
5
ZEO
Zeo Energy
ZEO
+$3.48M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$13.2M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$6.23M
3
IVCB
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
+$3.62M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.55M
5
TRP icon
TC Energy
TRP
+$3.13M

Sector Composition

Rank Sector Weight
1 Financials 7.82%
2 Healthcare 4.46%
3 Technology 4.07%
4 Energy 3.13%
5 Industrials 2.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FSM icon
226
CALL
Fortuna Silver Mines
FSM
$2.66B
– –
-351,000
Closed -$1.35M
GRAB icon
227
PUT
Grab
GRAB
$13.9B
– –
-40,000
Closed -$135K
GRND icon
228
PUT
Grindr
GRND
$3.01B
– –
-70,200
Closed -$616K
HTZ icon
229
CALL
Hertz
HTZ
$524M
– –
-61,300
Closed -$637K
HTZ icon
230
Hertz
HTZ
$524M
– –
-29,888
Closed -$311K
IAU icon
231
CALL
iShares Gold Trust
IAU
$63.8B
– –
-325,000
Closed -$12.7M
INSP icon
232
PUT
Inspire Medical Systems
INSP
$1.44B
– –
-6,200
Closed -$1.26M
INTC icon
233
PUT
Intel
INTC
$460B
– –
-20,000
Closed -$1M
IRBT
234
PUT
DELISTED
iRobot
IRBT
– –
-30,000
Closed -$1.16M
ISRL
235
DELISTED
Israel Acquisitions Corp
ISRL
– –
-117,233
Closed -$1.26M
ISRLW
236
DELISTED
Israel Acquisitions Corp Warrant
ISRLW
– –
-118,653
Closed -$7.12K
IWM icon
237
CALL
iShares Russell 2000 ETF
IWM
$80.2B
– –
-5,000
Closed -$1M
IWM icon
238
PUT
iShares Russell 2000 ETF
IWM
$80.2B
– –
-38,000
Closed -$7.63M
JBLU icon
239
CALL
JetBlue
JBLU
$2.29B
– –
-95,800
Closed -$532K
HAPN
240
Happen Inc
HAPN
$2.23B
– –
-116,396
Closed -$1.02M
LEN icon
241
CALL
Lennar Class A
LEN
$20.2B
– –
-52,167
Closed -$7.53M
MOBXW icon
242
Mobix Labs Warrants
MOBXW
$742K
– –
-109,163
Closed -$7.64K
MPC icon
243
CALL
Marathon Petroleum
MPC
$91.7B
– –
-10,000
Closed -$1.48M
MPC icon
244
Marathon Petroleum
MPC
$91.7B
– –
-7,800
Closed -$1.16M
MSTR icon
245
PUT
Strategy Inc
MSTR
$35.7B
– –
-66,000
Closed -$4.17M
MT icon
246
CALL
ArcelorMittal
MT
$52.3B
– –
-245,000
Closed -$6.96M
OTEX icon
247
Open Text
OTEX
$6.15B
– –
-22,300
Closed -$937K
PFSI icon
248
PennyMac Financial
PFSI
$3.94B
– –
-19,480
Closed -$1.72M
PLTR icon
249
CALL
Palantir
PLTR
$293B
– –
-82,000
Closed -$1.41M
PLTR icon
250
PUT
Palantir
PLTR
$293B
– –
-40,000
Closed -$687K
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 2024 Portfolio in Review

As of Q1 2024, K2 Principal Fund held 345 positions worth $579M, down 26% from $785M the previous quarter. Its ten largest holdings account for 27% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q1 2024, closing 108 positions and reducing 40 holdings. Its most notable exit was Investcorp Europe Acquisition Corp I Class A Ordinary Shares, an estimated $3.62M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.3% a quarter earlier, followed by Healthcare and Technology.

Against the trend, K2 Principal Fund opened a new position in iShares Bitcoin Trust worth $8.09M.

  • K2 Principal Fund's largest Q1 2024 buy was iShares Bitcoin Trust: 200,000 shares worth $8.09M.
  • K2 Principal Fund added most to iShares Gold Trust in Q1 2024, an estimated $8.11M increase.
  • K2 Principal Fund's biggest Q1 2024 reduction was Mr. Cooper, cutting an estimated $13.2M.
  • K2 Principal Fund fully exited Investcorp Europe Acquisition Corp I Class A Ordinary Shares in Q1 2024, selling an estimated $3.62M.
  • K2 Principal Fund's ten largest holdings make up 27% of its $579M portfolio in Q1 2024.
  • K2 Principal Fund opened 120 new positions and closed 108 in Q1 2024.
  • K2 Principal Fund's portfolio value fell 26% quarter-over-quarter to $579M.

Based on K2 Principal Fund's 13F filing for Q1 2024, filed 14 May 2024.