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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
-0.79%
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
$871M
AUM Growth
-$35.6M
Cap. Flow
-$72.1M
Cap. Flow %
-8.28%
Top 10 Hldgs %
31.88%
Holding
420
New
69
Increased
48
Reduced
66
Closed
133

Top Buys

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$24.3M
2
PMT
PennyMac Mortgage Investment
PMT
+$19.5M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.97M
4
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.41M
5
TWO
Two Harbors Investment
TWO
+$6.57M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$52M
2
COIN icon
Coinbase
COIN
+$16M
3
SIVB
SVB Financial Group
SIVB
+$15.9M
4
CIXX
CI Financial Corp.
CIXX
+$11.9M
5
GME icon
GameStop
GME
+$11.8M

Sector Composition

Rank Sector Weight
1 Financials 7.96%
2 Real Estate 4.84%
3 Healthcare 4.77%
4 Consumer Discretionary 4.27%
5 Energy 2.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DSAQ.WS
251
DELISTED
Direct Selling Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
DSAQ.WS
$8K ﹤0.01%
125,000
– –
CEROW
252
DELISTED
CERo Therapeutics Warrants
CEROW
$6K ﹤0.01%
75,000
– –
ASCAW
253
DELISTED
A SPAC I Acquisition Corp. Warrant
ASCAW
$6K ﹤0.01%
156,216
– –
ALTUW
254
DELISTED
Altitude Acquisition Corp Warrant
ALTUW
$6K ﹤0.01%
100,000
– –
GETR.WS
255
DELISTED
Getaround, Inc. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share
GETR.WS
$6K ﹤0.01%
100,000
– –
ROSEW
256
DELISTED
Rose Hill Acquisition Corporation Warrant
ROSEW
$6K ﹤0.01%
100,000
– –
IIIIW
257
DELISTED
INSU Acquisition Corp. III Warrant
IIIIW
$6K ﹤0.01%
154,411
– –
SANBW
258
DELISTED
Sanaby Health Acquisition Corp. I Warrant
SANBW
$6K ﹤0.01%
125,000
– –
COVAW
259
DELISTED
COVA Acquisition Corp. Warrants to purchase Class A ordinary shares
COVAW
$5K ﹤0.01%
210,523
– –
ALSAW
260
DELISTED
Alpha Star Acquisition Corp Warrants
ALSAW
$4K ﹤0.01%
95,965
-84,035
-47% -$2.6K
VSACW
261
DELISTED
Vision Sensing Acquisition Corp. Warrants
VSACW
$4K ﹤0.01%
75,075
– –
AAGRW
262
DELISTED
African Agriculture Holdings Inc Warrant
AAGRW
$4K ﹤0.01%
134,569
– –
NOVVW
263
DELISTED
Nova Vision Acquisition Corp. Warrant
NOVVW
$4K ﹤0.01%
270,000
– –
CSLMW
264
DELISTED
CSLM Acquisition Corp. Warrant
CSLMW
$3K ﹤0.01%
66,000
– –
NSTB.WS
265
DELISTED
Northern Star Investment Corp. II Redeemable warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share
NSTB.WS
$3K ﹤0.01%
85,804
– –
NSTD.WS
266
DELISTED
Northern Star Investment Corp. IV Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share
NSTD.WS
$3K ﹤0.01%
57,937
– –
BMAC.WS
267
DELISTED
Black Mountain Acquisition Corp. Warrants, exercisable for one share of Class A Common Stock
BMAC.WS
$2K ﹤0.01%
25,000
-500,000
-95% -$67.7K
GRCYW
268
DELISTED
Greencity Acquisition Corporation Warrants
GRCYW
$2K ﹤0.01%
123,945
– –
AA icon
269
CALL
Alcoa
AA
$11.9B
– –
-55,000
Closed -$2.51M
AEM icon
270
CALL
Agnico Eagle Mines
AEM
$75.4B
– –
-35,000
Closed -$1.6M
AEM icon
271
Agnico Eagle Mines
AEM
$75.4B
– –
-50,610
Closed -$2.32M
AEM icon
272
PUT
Agnico Eagle Mines
AEM
$75.4B
– –
-67,500
Closed -$3.09M
AFRI icon
273
Forafric Global
AFRI
$282M
– –
-452,192
Closed -$4.7M
AFRIW icon
274
Forafric Global PLC Warrants
AFRIW
$10.3M
– –
-657,890
Closed -$209K
AMC icon
275
CALL
AMC Entertainment Holdings
AMC
$2.47B
– –
-2,900
Closed -$393K
9 10
11
12 13

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K2 Principal Fund's Q3 2022 Portfolio in Review

As of Q3 2022, K2 Principal Fund held 420 positions worth $871M, down 3.9% from $907M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

K2 Principal Fund withdrew a net $72.1M in Q3 2022, closing 133 positions and reducing 66 holdings. Its most notable exit was Tesla, an estimated $52M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8% of assets, down from 13% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $23.3M.

  • K2 Principal Fund's largest Q3 2022 buy was Mr. Cooper: 574,409 shares worth $23.3M.
  • K2 Principal Fund added most to San Juan Basin Royalty Trust in Q3 2022, an estimated $8.97M increase.
  • K2 Principal Fund's biggest Q3 2022 reduction was Coinbase, cutting an estimated $16M.
  • K2 Principal Fund fully exited Tesla in Q3 2022, selling an estimated $52M.
  • K2 Principal Fund's ten largest holdings make up 32% of its $871M portfolio in Q3 2022.
  • K2 Principal Fund opened 69 new positions and closed 133 in Q3 2022.
  • K2 Principal Fund's portfolio value fell 3.9% quarter-over-quarter to $871M.

Based on K2 Principal Fund's 13F filing for Q3 2022, filed 14 Nov 2022.