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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
XME icon
251
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$3.9B
– –
-50,000
Closed -$3.01M
ZM icon
252
Zoom
ZM
$26.8B
– –
-11,369
Closed -$743K
LEGT.U
253
DELISTED
Legato Merger Corp III Units
LEGT.U
– –
-100,000
Closed -$1.01M
ABTC
254
American Bitcoin Corp
ABTC
$400M
– –
-8,685
Closed -$971K
SOC icon
255
Sable Offshore Corp
SOC
$794M
– –
-28,489
Closed -$312K
LOTWW
256
Lotus Technology Inc Warrants
LOTWW
$41.4M
– –
-105,926
Closed -$50.8K
AIRJ
257
Montana Technologies Corp
AIRJ
$313M
– –
-83,963
Closed -$948K
DJT icon
258
PUT
Trump Media & Technology Group
DJT
$2.74B
– –
-37,600
Closed -$2.33M
TXNM
259
CALL
TXNM Energy Inc
TXNM
$6.43B
– –
-119,500
Closed -$4.5M
TXNM
260
TXNM Energy Inc
TXNM
$6.43B
– –
-50,021
Closed -$1.88M
CURR
261
Currenc Group
CURR
$346M
– –
-120,936
Closed -$1.38M
BZAI
262
Blaize Holdings
BZAI
$122M
– –
-10,954
Closed -$121K
OSRH
263
OSR Health
OSRH
$16M
– –
-33,589
Closed -$358K
AIEV
264
DELISTED
Thunder Power Holdings, Inc. Common Stock
AIEV
– –
-100,624
Closed -$1.09M
HCVI
265
DELISTED
Hennessy Capital Investment Corp. VI Class A Common Stock
HCVI
– –
-12,925
Closed -$135K
GDST
266
DELISTED
Goldenstone Acquisition Limited Common Stock
GDST
– –
-25,044
Closed -$275K
WINVR
267
DELISTED
WinVest Acquisition Corp. Right
WINVR
– –
-118,087
Closed -$4.72K
GLST
268
DELISTED
Global Star Acquisition, Inc. Class A Common Stock
GLST
– –
-32,019
Closed -$343K
VMCA
269
DELISTED
Valuence Merger Corp. I Class A Ordinary Shares
VMCA
– –
-147,549
Closed -$1.67M
AQU
270
DELISTED
Aquaron Acquisition Corp. Common Stock
AQU
– –
-132,209
Closed -$1.43M
RFAC
271
DELISTED
RF Acquisition Corp. Class A Common Stock
RFAC
– –
-52,291
Closed -$565K
SMAR
272
DELISTED
Smartsheet Inc.
SMAR
– –
-9,500
Closed -$366K
SMAR
273
PUT
DELISTED
Smartsheet Inc.
SMAR
– –
-15,000
Closed -$578K
CITE
274
DELISTED
Cartica Acquisition Corp Class A Ordinary Shares
CITE
– –
-40,719
Closed -$452K
IGTA
275
DELISTED
Inception Growth Acquisition Limited Common Stock
IGTA
– –
-106,686
Closed -$1.16M
9 10
11
12 13

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LCG
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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.