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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
-0.7%
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
$1.43B
AUM Growth
+$191M
Cap. Flow
-$106M
Cap. Flow %
-7.43%
Top 10 Hldgs %
20.87%
Holding
592
New
187
Increased
59
Reduced
77
Closed
105

Top Buys

Rank Stock Value
1
PFSI icon
PennyMac Financial
PFSI
+$8.39M
2
GLD icon
SPDR Gold Trust
GLD
+$6.54M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$6.24M
4
SPRY icon
ARS Pharmaceuticals
SPRY
+$5.27M
5
WLIIU
Willow Lane Acquisition Corp II Unit
WLIIU
+$4.55M

Top Sells

Rank Stock Value
1
BTI icon
British American Tobacco
BTI
+$5.69M
2
B
Barrick Mining
B
+$4.4M
3
NGD
New Gold Inc
NGD
+$4.19M
4
ALUB.U
Alussa Energy Acquisition Corp II Units
ALUB.U
+$3.54M
5
OPEN icon
Opendoor
OPEN
+$3.26M

Sector Composition

Rank Sector Weight
1 Financials 8.7%
2 Communication Services 1.84%
3 Consumer Discretionary 1.81%
4 Materials 1.59%
5 Technology 1.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ADX icon
251
Adams Diversified Equity Fund
ADX
$3.18B
$376K 0.03%
17,191
+340
+2% +$7.8K
AMKR icon
252
Amkor Technology
AMKR
$16.2B
$374K 0.03%
8,306
-694
-8% -$33.2K
TSM icon
253
TSMC
TSM
$2.16T
$372K 0.03%
+1,100
New +$379K
MGM icon
254
PUT
MGM Resorts International
MGM
$11.5B
$370K 0.03%
+10,000
New +$356K
AFRM icon
255
PUT
Affirm
AFRM
$23.8B
$367K 0.03%
+8,000
New +$462K
NNAVW
256
DELISTED
NextNav Inc Warrant
NNAVW
$304K 0.02%
48,080
– –
INFQ.WS
257
Infleqtion Inc Warrants
INFQ.WS
$300K 0.02%
+67,729
New +$361K
CSGS
258
DELISTED
CSG Systems International
CSGS
$298K 0.02%
+3,723
New +$297K
PRCH icon
259
CALL
Porch Group
PRCH
$1.27B
$287K 0.02%
40,000
-20,000
-33% -$160K
CCIIW
260
Cohen Circle Acquisition Corp II Warrant
CCIIW
$286K 0.02%
439,449
+138,464
+46% +$97.4K
BDJ icon
261
BlackRock Enhanced Equity Dividend Trust
BDJ
$1.7B
$284K 0.02%
32,984
– –
FORR icon
262
Forrester Research
FORR
$172M
$284K 0.02%
+50,178
New +$343K
DMA
263
Destra Multi-Alternative Fund
DMA
$69.1M
$281K 0.02%
34,709
– –
NOK icon
264
Nokia
NOK
$54.3B
$281K 0.02%
+35,000
New +$257K
ECF
265
Ellsworth Growth & Income Fund
ECF
$173M
$275K 0.02%
24,619
– –
RVT icon
266
Royce Value Trust
RVT
$2.2B
$274K 0.02%
16,503
-4,000
-20% -$69.5K
OWL icon
267
CALL
Blue Owl Capital
OWL
$6.22B
$274K 0.02%
+30,000
New +$363K
KLIC icon
268
Kulicke & Soffa
KLIC
$5.55B
$269K 0.02%
4,100
-3,900
-49% -$248K
FG icon
269
PUT
F&G Annuities & Life
FG
$3.86B
$253K 0.02%
+10,000
New +$261K
OBDC icon
270
Blue Owl Capital
OBDC
$5.31B
$249K 0.02%
22,500
+12,200
+118% +$143K
TRIP icon
271
TripAdvisor
TRIP
$1.57B
$245K 0.02%
+23,000
New +$268K
EIC
272
Eagle Point Income Co
EIC
$229M
$223K 0.02%
23,584
– –
TE
273
T1 Energy
TE
$1.59B
$220K 0.02%
+50,000
New +$366K
FSSL
274
FS Specialty Lending Fund
FSSL
$837M
$206K 0.01%
+16,500
New +$215K
AMC icon
275
PUT
AMC Entertainment Holdings
AMC
$2.04B
$196K 0.01%
+200,000
New +$257K
9 10
11
12 13

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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 2026 Portfolio in Review

As of Q1 2026, K2 Principal Fund held 592 positions worth $1.43B, up 15% from $1.24B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

K2 Principal Fund withdrew a net $106M in Q1 2026, closing 105 positions and reducing 77 holdings. Its most notable exit was Barrick Mining, an estimated $4.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8.7% of assets, up from 7% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, K2 Principal Fund opened a new position in SPDR Gold Trust worth $6.28M.

  • K2 Principal Fund's largest Q1 2026 buy was SPDR Gold Trust: 14,603 shares worth $6.28M.
  • K2 Principal Fund added most to PennyMac Financial in Q1 2026, an estimated $8.39M increase.
  • K2 Principal Fund's biggest Q1 2026 reduction was British American Tobacco, cutting an estimated $5.69M.
  • K2 Principal Fund fully exited Barrick Mining in Q1 2026, selling an estimated $4.4M.
  • K2 Principal Fund's ten largest holdings make up 21% of its $1.43B portfolio in Q1 2026.
  • K2 Principal Fund opened 187 new positions and closed 105 in Q1 2026.
  • K2 Principal Fund's portfolio value rose 15% quarter-over-quarter to $1.43B.

Based on K2 Principal Fund's 13F filing for Q1 2026, filed 14 May 2026.