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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
+2.96%
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
$437M
AUM Growth
-$289M
Cap. Flow
-$451M
Cap. Flow %
-103.14%
Top 10 Hldgs %
29.71%
Holding
349
New
84
Increased
25
Reduced
62
Closed
127

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$5.46M
2
WRLD icon
World Acceptance Corp
WRLD
+$4.62M
3
PFSI icon
PennyMac Financial
PFSI
+$3.57M
4
NUVA
NuVasive, Inc.
NUVA
+$2.9M
5
UHAL icon
U-Haul Holding Co
UHAL
+$2.22M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$10.5M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$9.44M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.96M
4
PMT
PennyMac Mortgage Investment
PMT
+$7.59M
5
AUY
Yamana Gold, Inc.
AUY
+$7.09M

Sector Composition

Rank Sector Weight
1 Financials 6.76%
2 Technology 5.6%
3 Healthcare 3.73%
4 Real Estate 3.63%
5 Industrials 3.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVACW
276
DELISTED
NorthView Acquisition Corporation Warrant
NVACW
– –
-144,066
Closed -$11.5K
GLLIR
277
DELISTED
Globalink Investment Inc. Rights
GLLIR
– –
-397,692
Closed -$26.2K
MCAGR
278
DELISTED
Mountain Crest Acquisition Corp. V Right
MCAGR
– –
-564,700
Closed -$115K
BACA
279
DELISTED
Berenson Acquisition Corp. I
BACA
– –
-44,787
Closed -$456K
PEGRW
280
DELISTED
Project Energy Reimagined Acquisition Corp. Warrant
PEGRW
– –
-13,815
Closed -$986
SLNA
281
DELISTED
Selina Hospitality PLC Ordinary Shares
SLNA
– –
-215,076
Closed -$333K
BWAQW
282
DELISTED
Blue World Acquisition Corporation Warrant
BWAQW
– –
-178,087
Closed -$3.7K
PUCKW
283
DELISTED
Goal Acquisitions Corp. Warrant
PUCKW
– –
-60,855
Closed -$1.83K
LGVC
284
DELISTED
LAMF Global Ventures Corp. I Class A Ordinary Shares
LGVC
– –
-166,027
Closed -$1.73M
MCAFR
285
DELISTED
Mountain Crest Acquisition Corp. IV Rights
MCAFR
– –
-105,014
Closed -$19.9K
LIBY
286
DELISTED
Liberty Resources Acquisition Corp. Class A Common Stock
LIBY
– –
-162,339
Closed -$1.7M
ALTU
287
DELISTED
Altitude Acquisition Corp
ALTU
– –
-10,000
Closed -$102K
TGVC
288
DELISTED
TG Venture Acquisition Corp. Class A Common Stock
TGVC
– –
-42,400
Closed -$439K
ARIZ
289
DELISTED
Arisz Acquisition Corp. Common Stock
ARIZ
– –
-70,204
Closed -$723K
BRD
290
DELISTED
Beard Energy Transition Acquisition Corp.
BRD
– –
-79,484
Closed -$824K
MOBV
291
DELISTED
Mobiv Acquisition Corp Class A Common Stock
MOBV
– –
-81,082
Closed -$842K
CFIVW
292
DELISTED
CF Acquisition Corp. IV Warrant
CFIVW
– –
-74,311
Closed -$7.13K
APGB
293
DELISTED
Apollo Strategic Growth Capital II
APGB
– –
-143,027
Closed -$1.47M
ITAQ
294
DELISTED
Industrial Tech Acquisitions II, Inc. Class A Common Stock
ITAQ
– –
-132,737
Closed -$1.38M
CXAC
295
DELISTED
C5 Acquisition Corporation
CXAC
– –
-13,750
Closed -$144K
CCV
296
DELISTED
Churchill Capital Corp V
CCV
– –
-200,000
Closed -$2.02M
JUN
297
DELISTED
Juniper II Corp.
JUN
– –
-50,250
Closed -$521K
TYGOW
298
DELISTED
Tigo Energy, Inc. Warrant
TYGOW
– –
-613,688
Closed -$173K
PNAC
299
DELISTED
Prime Number Acquisition I Corp. Class A Common Stock
PNAC
– –
-75,008
Closed -$778K
HMA.WS
300
DELISTED
Heartland Media Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
HMA.WS
– –
-77,398
Closed -$6.58K
9 10 11
12
13

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K2 Principal Fund's Q2 2023 Portfolio in Review

As of Q2 2023, K2 Principal Fund held 349 positions worth $437M, down 40% from $727M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

K2 Principal Fund withdrew a net $451M in Q2 2023, closing 127 positions and reducing 62 holdings. Its most notable exit was Mr. Cooper, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.8% of assets, up from 6% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in PennyMac Financial worth $3.96M.

  • K2 Principal Fund's largest Q2 2023 buy was PennyMac Financial: 56,373 shares worth $3.96M.
  • K2 Principal Fund added most to Activision Blizzard in Q2 2023, an estimated $5.46M increase.
  • K2 Principal Fund's biggest Q2 2023 reduction was ARS Pharmaceuticals, cutting an estimated $9.44M.
  • K2 Principal Fund fully exited Mr. Cooper in Q2 2023, selling an estimated $10.5M.
  • K2 Principal Fund's ten largest holdings make up 30% of its $437M portfolio in Q2 2023.
  • K2 Principal Fund opened 84 new positions and closed 127 in Q2 2023.
  • K2 Principal Fund's portfolio value fell 40% quarter-over-quarter to $437M.

Based on K2 Principal Fund's 13F filing for Q2 2023, filed 15 Aug 2023.