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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
AMC icon
276
AMC Entertainment Holdings
AMC
$2.45B
– –
-1,672
Closed -$227K
AMR icon
277
CALL
Alpha Metallurgical Resources
AMR
$1.77B
– –
-70,000
Closed -$9.04M
ARES icon
278
CALL
Ares Management
ARES
$28.1B
– –
-4,000
Closed -$227K
BASE
279
DELISTED
Couchbase
BASE
– –
-194,428
Closed -$3.19M
BBUC
280
Brookfield Business Corp Class A Subordinate Voting Shares
BBUC
$6.59B
– –
-13,138
Closed -$302K
BYND icon
281
Beyond Meat
BYND
$274M
– –
-114,314
Closed -$2.74M
BBBY
282
Bed Bath & Beyond
BBBY
$479M
– –
-104,114
Closed -$2.61M
CAR icon
283
Avis
CAR
$5.47B
– –
-12,131
Closed -$1.78M
CCL icon
284
CALL
Carnival Corporation Ltd
CCL
$38.1B
– –
-35,000
Closed -$303K
CCL icon
285
Carnival Corporation Ltd
CCL
$38.1B
– –
-10,000
Closed -$96.9K
CMPS
286
PUT
Compass Pathways
CMPS
$1.47B
– –
-250,000
Closed -$2.71M
CPRT icon
287
CALL
Copart
CPRT
$28.5B
– –
-60,000
Closed -$1.63M
DFLIW icon
288
Dragonfly Energy Holdings Warrant
DFLIW
$32.5K
– –
-711,951
Closed -$171K
DOO
289
Bombardier Recreational Products
DOO
$4.48B
– –
-12,000
Closed -$738K
DUOL icon
290
CALL
Duolingo
DUOL
$6.53B
– –
-3,000
Closed -$263K
ENVX icon
291
Enovix
ENVX
$803M
– –
-37,143
Closed -$290K
ENVX icon
292
PUT
Enovix
ENVX
$803M
– –
-28,571
Closed -$223K
FCX icon
293
Freeport-McMoran
FCX
$86.2B
– –
-40,000
Closed -$1.17M
GFL icon
294
PUT
GFL Environmental
GFL
$14.5B
– –
-77,600
Closed -$2.57M
HR icon
295
Healthcare Realty
HR
$7.56B
– –
-67,122
Closed -$1.87M
HZO icon
296
PUT
MarineMax
HZO
$748M
– –
-45,000
Closed -$1.63M
IEI icon
297
CALL
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
– –
-50,000
Closed -$5.97M
INSP icon
298
Inspire Medical Systems
INSP
$1.47B
– –
-41,475
Closed -$8.33M
KGC icon
299
CALL
Kinross Gold
KGC
$27.7B
– –
-250,000
Closed -$895K
KGC icon
300
Kinross Gold
KGC
$27.7B
– –
-467,400
Closed -$1.67M
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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TS
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SMA
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SCA
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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.