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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
+3.76%
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
$1.27B
AUM Growth
+$124M
Cap. Flow
-$50.2M
Cap. Flow %
-3.97%
Top 10 Hldgs %
32.68%
Holding
503
New
191
Increased
39
Reduced
29
Closed
203

Top Buys

Rank Stock Value
1
PRPB
CC Neuberger Principal Holdings II Class A Ordinary Shares
PRPB
+$9.53M
2
SVOK
Seven Oaks Acquisition Corp. Class A Common Stock
SVOK
+$8.94M
3
NOAC
Natural Order Acquisition Corp. Common Stock
NOAC
+$7.93M
4
VWE
Vintage Wine Estates, Inc. Common Stock
VWE
+$7.15M
5
MGLN
Magellan Health Services, Inc.
MGLN
+$5.69M

Top Sells

Rank Stock Value
1
CIXX
CI Financial Corp.
CIXX
+$27M
2
PFSI icon
PennyMac Financial
PFSI
+$18.5M
3
LCID icon
Lucid Motors
LCID
+$13.2M
4
VHAQ.U
Viveon Health Acquisition Corp. Units, each consisting of one share of common stock, one Warrant entitling the holder to purchase one-half of a share of common stock, and one right to receive one-twentieth of a share of common stock
VHAQ.U
+$12.8M
5
NOACU
Natural Order Acquisition Corp. Unit
NOACU
+$10.9M

Sector Composition

Rank Sector Weight
1 Financials 10.19%
2 Healthcare 3.67%
3 Technology 2.91%
4 Real Estate 2.06%
5 Consumer Staples 1.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CELUW
276
CALL
DELISTED
Celularity Inc
CELUW
– –
-171,165
Closed -$493K
CLOV icon
277
Clover Health Investments
CLOV
$2.29B
– –
-10,300
Closed -$173K
GPGI
278
GPGI Inc
GPGI
$3.9B
– –
-12,040
Closed -$101K
CMPOW
279
CALL
DELISTED
CompoSecure Inc Warrant
CMPOW
– –
-926,915
Closed -$1.13M
CRWD icon
280
CrowdStrike
CRWD
$189B
– –
-44,000
Closed -$2.33M
EOSEW
281
CALL
DELISTED
Eos Energy Enterprises Warrant
EOSEW
– –
-314,927
Closed -$2.62M
EWJ icon
282
PUT
iShares MSCI Japan ETF
EWJ
$22.1B
– –
-10,000
Closed -$676K
GCMGW
283
CALL
DELISTED
GCM Grosvenor Inc Warrant
GCMGW
– –
-2,162,099
Closed -$3.88M
GNFT
284
DELISTED
Genfit
GNFT
– –
-44,818
Closed -$215K
GPRO icon
285
CALL
GoPro
GPRO
$124M
– –
-57,400
Closed -$475K
HHH icon
286
CALL
Howard Hughes
HHH
$3.87B
– –
-20,980
Closed -$1.58M
IAG icon
287
IAMGOLD
IAG
$8.42B
– –
-2,245,100
Closed -$10.5M
ITB icon
288
PUT
iShares US Home Construction ETF
ITB
$2.29B
– –
-25,000
Closed -$1.4M
JETS icon
289
PUT
US Global Jets ETF
JETS
$786M
– –
-50,000
Closed -$1.12M
KNX icon
290
Knight Transportation
KNX
$11.3B
– –
-17,310
Closed -$724K
KNX icon
291
PUT
Knight Transportation
KNX
$11.3B
– –
-40,000
Closed -$1.67M
LCID icon
292
Lucid Motors
LCID
$3.17B
– –
-131,990
Closed -$13.2M
LPX icon
293
Louisiana-Pacific
LPX
$5.02B
– –
-205,800
Closed -$7.65M
LSEA
294
DELISTED
Landsea Homes
LSEA
– –
-102,542
Closed -$1.09M
LSEAW
295
CALL
DELISTED
Landsea Homes Corporation Warrant
LSEAW
– –
-1,925,022
Closed -$3.73M
LTRYW icon
296
CALL
Sports Entertainment Gaming Global Corp Warrants
LTRYW
$956
– –
-256,206
Closed -$587K
LVS icon
297
CALL
Las Vegas Sands
LVS
$32.3B
– –
-240,200
Closed -$14.3M
MCD icon
298
McDonald's
MCD
$191B
– –
-6,687
Closed -$1.44M
MFA
299
MFA Financial
MFA
$935M
– –
-29,334
Closed -$456K
MGM icon
300
CALL
MGM Resorts International
MGM
$11.7B
– –
-205,000
Closed -$6.46M
10 11
12
13 14

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SC
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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 2021 Portfolio in Review

As of Q1 2021, K2 Principal Fund held 503 positions worth $1.27B, up 11% from $1.14B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

K2 Principal Fund withdrew a net $50.2M in Q1 2021, closing 203 positions and reducing 29 holdings. Its most notable exit was Lucid Motors, an estimated $13.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 10% of assets, down from 11% a quarter earlier, followed by Healthcare and Technology.

Against the trend, K2 Principal Fund opened a new position in CC Neuberger Principal Holdings II Class A Ordinary Shares worth $8.96M.

  • K2 Principal Fund's largest Q1 2021 buy was CC Neuberger Principal Holdings II Class A Ordinary Shares: 909,258 shares worth $8.96M.
  • K2 Principal Fund added most to Varian Medical Systems, Inc. in Q1 2021, an estimated $5.13M increase.
  • K2 Principal Fund's biggest Q1 2021 reduction was CI Financial Corp., cutting an estimated $27M.
  • K2 Principal Fund fully exited Lucid Motors in Q1 2021, selling an estimated $13.2M.
  • K2 Principal Fund's ten largest holdings make up 33% of its $1.27B portfolio in Q1 2021.
  • K2 Principal Fund opened 191 new positions and closed 203 in Q1 2021.
  • K2 Principal Fund's portfolio value rose 11% quarter-over-quarter to $1.27B.

Based on K2 Principal Fund's 13F filing for Q1 2021, filed 14 May 2021.