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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
+1.82%
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
$538M
AUM Growth
-$41.2M
Cap. Flow
-$265M
Cap. Flow %
-49.32%
Top 10 Hldgs %
27.81%
Holding
341
New
99
Increased
35
Reduced
34
Closed
113

Top Buys

Rank Stock Value
1
ALFUU
Centurion Acquisition Corp Unit
ALFUU
+$6.4M
2
CUBWU
Lionheart Holdings Unit
CUBWU
+$4.8M
3
SRG
Seritage Growth Properties
SRG
+$3.53M
4
ITOS
iTeos Therapeutics
ITOS
+$3.4M
5
MODV
ModivCare
MODV
+$3.23M

Top Sells

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$6.34M
2
COOP
Mr. Cooper
COOP
+$5.41M
3
BITO icon
ProShares Bitcoin Strategy ETF
BITO
+$4.2M
4
TFPM icon
Triple Flag Precious Metals
TFPM
+$3.56M
5
GRAB icon
Grab
GRAB
+$3.15M

Sector Composition

Rank Sector Weight
1 Financials 6.72%
2 Technology 6.45%
3 Healthcare 5.76%
4 Materials 1.96%
5 Industrials 1.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MLM icon
226
CALL
Martin Marietta Materials
MLM
$35B
– –
-10,000
Closed -$6.14M
MLM icon
227
Martin Marietta Materials
MLM
$35B
– –
-3,000
Closed -$1.84M
MRT icon
228
Marti Technologies
MRT
$143M
– –
-58,362
Closed -$47.9K
MSOS icon
229
CALL
AdvisorShares Pure US Cannabis ETF
MSOS
$830M
– –
-275,000
Closed -$2.75M
NEM icon
230
PUT
Newmont
NEM
$96.4B
– –
-27,500
Closed -$986K
NVDA icon
231
NVIDIA
NVDA
$4.77T
– –
-4,000
Closed -$361K
PHM icon
232
Pultegroup
PHM
$25.7B
– –
-11,000
Closed -$1.25M
PLL
233
CALL
DELISTED
Piedmont Lithium
PLL
– –
-70,000
Closed -$932K
PTON icon
234
CALL
Peloton Interactive
PTON
$2.84B
– –
-129,100
Closed -$553K
RGLD icon
235
CALL
Royal Gold
RGLD
$16.6B
– –
-20,000
Closed -$2.44M
SANM icon
236
CALL
Sanmina
SANM
$9.24B
– –
-60,000
Closed -$3.73M
SMH icon
237
CALL
VanEck Semiconductor ETF
SMH
$63.8B
– –
-22,500
Closed -$5.06M
SNOW icon
238
PUT
Snowflake
SNOW
$93.7B
– –
-10,000
Closed -$1.62M
SPWR icon
239
SunPower Inc
SPWR
$58.3M
– –
-20,390
Closed -$12.2K
TFPM icon
240
Triple Flag Precious Metals
TFPM
$5.9B
– –
-181,737
Closed -$3.56M
TLT icon
241
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$43.1B
– –
-75,000
Closed -$7.1M
TROW icon
242
CALL
T. Rowe Price
TROW
$26.1B
– –
-50,000
Closed -$6.1M
TROW icon
243
PUT
T. Rowe Price
TROW
$26.1B
– –
-35,000
Closed -$4.27M
UHAL icon
244
U-Haul Holding Co
UHAL
$14.3B
– –
-8,161
Closed -$551K
UHAL.B icon
245
U-Haul Holding Co Series N
UHAL.B
$12.6B
– –
-13,733
Closed -$916K
UNG icon
246
CALL
United States Natural Gas Fund
UNG
$444M
– –
-300,000
Closed -$4.37M
VRT icon
247
Vertiv
VRT
$104B
– –
-2,875
Closed -$235K
XLC icon
248
PUT
State Street Communication Services Select Sector SPDR ETF
XLC
$22.6B
– –
-100,000
Closed -$8.17M
XME icon
249
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$3.9B
– –
-25,000
Closed -$1.51M
XME icon
250
State Street SPDR S&P Metals & Mining ETF
XME
$3.9B
– –
-34,250
Closed -$2.06M
8 9
10
11 12

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SMA
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SCA
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K2 Principal Fund's Q2 2024 Portfolio in Review

As of Q2 2024, K2 Principal Fund held 341 positions worth $538M, down 7.1% from $579M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

K2 Principal Fund withdrew a net $265M in Q2 2024, closing 113 positions and reducing 34 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $6.34M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.7% of assets, down from 7.8% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Centurion Acquisition Corp Unit worth $6.39M.

  • K2 Principal Fund's largest Q2 2024 buy was Centurion Acquisition Corp Unit: 639,378 shares worth $6.39M.
  • K2 Principal Fund added most to Seritage Growth Properties in Q2 2024, an estimated $3.53M increase.
  • K2 Principal Fund's biggest Q2 2024 reduction was Mr. Cooper, cutting an estimated $5.41M.
  • K2 Principal Fund fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $6.34M.
  • K2 Principal Fund's ten largest holdings make up 28% of its $538M portfolio in Q2 2024.
  • K2 Principal Fund opened 99 new positions and closed 113 in Q2 2024.
  • K2 Principal Fund's portfolio value fell 7.1% quarter-over-quarter to $538M.

Based on K2 Principal Fund's 13F filing for Q2 2024, filed 14 Aug 2024.