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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
+9.18%
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
$579M
AUM Growth
-$206M
Cap. Flow
-$356M
Cap. Flow %
-61.45%
Top 10 Hldgs %
27.08%
Holding
345
New
120
Increased
30
Reduced
40
Closed
108

Top Buys

Rank Stock Value
1
IAU icon
iShares Gold Trust
IAU
+$8.11M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$6.24M
3
DJT icon
Trump Media & Technology Group
DJT
+$5.82M
4
INTC icon
Intel
INTC
+$3.56M
5
ZEO
Zeo Energy
ZEO
+$3.48M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$13.2M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$6.23M
3
IVCB
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
+$3.62M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.55M
5
TRP icon
TC Energy
TRP
+$3.13M

Sector Composition

Rank Sector Weight
1 Financials 7.82%
2 Healthcare 4.46%
3 Technology 4.07%
4 Energy 3.13%
5 Industrials 2.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SBC
276
SBC Medical Group
SBC
$312M
– –
-21,089
Closed -$225K
LUCK
277
PUT
Lucky Strike Entertainment
LUCK
$959M
– –
-30,000
Closed -$425K
IROHU
278
DELISTED
Iron Horse Acquisitions Corp Unit
IROHU
– –
-20,000
Closed -$201K
MSSA
279
DELISTED
Metal Sky Star Acquisition Corporation Ordinary shares
MSSA
– –
-38,784
Closed -$424K
GLAC
280
DELISTED
Global Lights Acquisition Corp Ordinary Shares
GLAC
– –
-13,458
Closed -$136K
NVRO
281
CALL
DELISTED
NEVRO CORP.
NVRO
– –
-17,000
Closed -$366K
NVRO
282
PUT
DELISTED
NEVRO CORP.
NVRO
– –
-37,400
Closed -$805K
LATG
283
DELISTED
Chenghe Acquisition I Co. Class A Ordinary Shares
LATG
– –
-144,646
Closed -$1.59M
IVCB
284
DELISTED
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
– –
-328,498
Closed -$3.62M
APXI
285
DELISTED
APx Acquisition Corp. I Class A Ordinary Share
APXI
– –
-22,633
Closed -$253K
GLLI
286
DELISTED
Globalink Investment Inc. Common Stock
GLLI
– –
-102,462
Closed -$1.11M
GHIX
287
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
– –
-249,955
Closed -$2.62M
GLLIW
288
DELISTED
Globalink Investment Inc. Warrants
GLLIW
– –
-320,000
Closed –
ROCLW
289
DELISTED
Roth CH Acquisition V Co. Warrant
ROCLW
– –
-210,154
Closed -$8.41K
NCNCW
290
DELISTED
noco-noco Inc. Warrant
NCNCW
– –
-111,090
Closed -$1.11K
SAVE
291
PUT
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-57,800
Closed -$947K
BCSA
292
DELISTED
Blockchain Coinvestors Acquisition Corp. I Class A Ordinary Shares
BCSA
– –
-103,911
Closed -$1.13M
FRLAW
293
DELISTED
Fortune Rise Acquisition Corporation Warrant
FRLAW
– –
-54,599
Closed -$1.09K
RRAC
294
DELISTED
Rigel Resource Acquisition Corp.
RRAC
– –
-189,426
Closed -$2.08M
JWSM
295
DELISTED
Jaws Mustang Acquisition Corp.
JWSM
– –
-42,856
Closed -$467K
VSACW
296
DELISTED
Vision Sensing Acquisition Corp. Warrants
VSACW
– –
-33,875
Closed -$339
AAGRW
297
DELISTED
African Agriculture Holdings Inc Warrant
AAGRW
– –
-94,169
Closed -$1.88K
SPECW
298
DELISTED
Spectaire Holdings, Inc. Warrant
SPECW
– –
-199,596
Closed -$2K
KRNL
299
DELISTED
Kernel Group Holdings, Inc. Class A Ordinary Shares
KRNL
– –
-104,327
Closed -$1.12M
TRIS.WS
300
DELISTED
Tristar Acquisition I Corp. Redeemable Warrants, each exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
TRIS.WS
– –
-180,162
Closed -$3.6K
9 10 11
12
13

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K2 Principal Fund's Q1 2024 Portfolio in Review

As of Q1 2024, K2 Principal Fund held 345 positions worth $579M, down 26% from $785M the previous quarter. Its ten largest holdings account for 27% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q1 2024, closing 108 positions and reducing 40 holdings. Its most notable exit was Investcorp Europe Acquisition Corp I Class A Ordinary Shares, an estimated $3.62M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.3% a quarter earlier, followed by Healthcare and Technology.

Against the trend, K2 Principal Fund opened a new position in iShares Bitcoin Trust worth $8.09M.

  • K2 Principal Fund's largest Q1 2024 buy was iShares Bitcoin Trust: 200,000 shares worth $8.09M.
  • K2 Principal Fund added most to iShares Gold Trust in Q1 2024, an estimated $8.11M increase.
  • K2 Principal Fund's biggest Q1 2024 reduction was Mr. Cooper, cutting an estimated $13.2M.
  • K2 Principal Fund fully exited Investcorp Europe Acquisition Corp I Class A Ordinary Shares in Q1 2024, selling an estimated $3.62M.
  • K2 Principal Fund's ten largest holdings make up 27% of its $579M portfolio in Q1 2024.
  • K2 Principal Fund opened 120 new positions and closed 108 in Q1 2024.
  • K2 Principal Fund's portfolio value fell 26% quarter-over-quarter to $579M.

Based on K2 Principal Fund's 13F filing for Q1 2024, filed 14 May 2024.