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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
-0.62%
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
$477M
AUM Growth
+$40.2M
Cap. Flow
-$122M
Cap. Flow %
-25.62%
Top 10 Hldgs %
32.85%
Holding
320
New
93
Increased
27
Reduced
48
Closed
94

Top Buys

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.4M
2
COOP
Mr. Cooper
COOP
+$7.77M
3
GMED icon
Globus Medical
GMED
+$3.92M
4
CVE icon
Cenovus Energy
CVE
+$3.82M
5
TSEM icon
Tower Semiconductor
TSEM
+$3.17M

Top Sells

Rank Stock Value
1
WRLD icon
World Acceptance Corp
WRLD
+$7.53M
2
NUVA
NuVasive, Inc.
NUVA
+$4.42M
3
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$3.33M
4
LSI
Life Storage, Inc.
LSI
+$3.09M
5
ILLM
illumin Holdings Inc. Common Shares
ILLM
+$2.86M

Sector Composition

Rank Sector Weight
1 Technology 6.54%
2 Healthcare 4.19%
3 Financials 3.85%
4 Energy 2.45%
5 Real Estate 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ZAPPW
251
DELISTED
Zapp Electric Vehicles Group Limited Warrant
ZAPPW
– –
-48,403
Closed -$2.47K
AIRJ
252
Montana Technologies Corp
AIRJ
$318M
– –
-78,888
Closed -$821K
CNH
253
CALL
CNH Industrial
CNH
$12.8B
– –
-100,000
Closed -$1.44M
CNTM
254
DELISTED
ConnectM Technology Solutions, Inc. Common Stock
CNTM
– –
-45,601
Closed -$477K
ABP
255
DELISTED
Abpro Holdings
ABP
– –
-2,580
Closed -$806K
AMODW
256
Alpha Modus Holdings Warrant
AMODW
$330K
– –
-129,537
Closed -$3.9K
XAGE
257
DELISTED
Longevity Health Holdings, Inc. Common Stock
XAGE
– –
-2,491
Closed -$770K
NVRO
258
CALL
DELISTED
NEVRO CORP.
NVRO
– –
-51,000
Closed -$1.3M
IPXXU
259
DELISTED
Inflection Point Acquisition Corp. II Unit
IPXXU
– –
-100,000
Closed -$1.01M
PNST
260
DELISTED
Pinstripes Holdings, Inc.
PNST
– –
-12,620
Closed -$131K
FTII
261
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
– –
-95,403
Closed -$1.02M
BYNO
262
DELISTED
byNordic Acquisition Corporation Class A Common Stock
BYNO
– –
-206,562
Closed -$2.19M
BRAC
263
DELISTED
Broad Capital Acquisition Corp Common Stock
BRAC
– –
-94,435
Closed -$1.01M
ALSA
264
DELISTED
Alpha Star Acquisition Corp
ALSA
– –
-12,129
Closed -$130K
MITA
265
DELISTED
Coliseum Acquisition Corp. Class A Ordinary Share
MITA
– –
-139,922
Closed -$1.46M
BFAC
266
DELISTED
Battery Future Acquisition Corp.
BFAC
– –
-29,013
Closed -$308K
GAQ
267
DELISTED
Generation Asia I Acquisition Limited Class A Ordinary Shares
GAQ
– –
-100,700
Closed -$1.06M
AEAEW
268
DELISTED
AltEnergy Acquisition Corp Warrant
AEAEW
– –
-43,845
Closed -$1.53K
USCT
269
DELISTED
Roth CH Acquisition Co. Class A Ordinary Shares
USCT
– –
-55,022
Closed -$583K
WRAC
270
DELISTED
Williams Rowland Acquisition Corp.
WRAC
– –
-117,190
Closed -$1.22M
SHAP
271
DELISTED
Spree Acquisition Corp. 1 Limited
SHAP
– –
-79,910
Closed -$849K
HHLA
272
DELISTED
HH&L Acquisition Co.
HHLA
– –
-33,948
Closed -$355K
OHAA
273
DELISTED
OPY Acquisition Corp. I Class A Common Stock
OHAA
– –
-86,272
Closed -$883K
KNSW
274
DELISTED
KnightSwan Acquisition Corporation
KNSW
– –
-100,866
Closed -$1.07M
MTRYW
275
DELISTED
Monterey Innovation Acquisition Corp. Warrant
MTRYW
– –
-395,000
Closed -$10.6K
8 9 10
11
12

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K2 Principal Fund's Q3 2023 Portfolio in Review

As of Q3 2023, K2 Principal Fund held 320 positions worth $477M, up 9.2% from $437M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

K2 Principal Fund withdrew a net $122M in Q3 2023, closing 94 positions and reducing 48 holdings. Its most notable exit was World Acceptance Corp, an estimated $7.53M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 5.6% a quarter earlier, followed by Healthcare and Financials.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $7.57M.

  • K2 Principal Fund's largest Q3 2023 buy was Mr. Cooper: 141,363 shares worth $7.57M.
  • K2 Principal Fund added most to ARS Pharmaceuticals in Q3 2023, an estimated $8.4M increase.
  • K2 Principal Fund's biggest Q3 2023 reduction was PennyMac Mortgage Investment, cutting an estimated $2.73M.
  • K2 Principal Fund fully exited World Acceptance Corp in Q3 2023, selling an estimated $7.53M.
  • K2 Principal Fund's ten largest holdings make up 33% of its $477M portfolio in Q3 2023.
  • K2 Principal Fund opened 93 new positions and closed 94 in Q3 2023.
  • K2 Principal Fund's portfolio value rose 9.2% quarter-over-quarter to $477M.

Based on K2 Principal Fund's 13F filing for Q3 2023, filed 13 Nov 2023.