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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
TGAA
276
DELISTED
Target Global Acquisition I Corp. Class A Ordinary Share
TGAA
– –
-177,098
Closed -$1.98M
TMTC
277
DELISTED
TMT Acquisition Corp Ordinary Shares
TMTC
– –
-108,285
Closed -$1.16M
DPCS
278
DELISTED
DP Cap Acquisition Corp I Class A Ordinary Shares
DPCS
– –
-96,746
Closed -$1.06M
FNVT
279
DELISTED
Finnovate Acquisition Corp. Class A Ordinary Shares
FNVT
– –
-200,000
Closed -$2.25M
NPAB
280
DELISTED
New Providence Acquisition Corp. II Class A Common Stock
NPAB
– –
-99,915
Closed -$1.08M
MCAA
281
DELISTED
Mountain & Co. I Acquisition Corp. Class A Ordinary Shares
MCAA
– –
-180,680
Closed -$2.08M
GAQ
282
DELISTED
Generation Asia I Acquisition Limited Class A Ordinary Shares
GAQ
– –
-200,000
Closed -$2.2M
BHAC
283
DELISTED
Focus Impact BH3 Acquisition Company Class A Common Stock
BHAC
– –
-57,719
Closed -$606K
ACAC
284
DELISTED
Acri Capital Acquisition Corp
ACAC
– –
-35,403
Closed -$396K
FEXD
285
DELISTED
Fintech Ecosystem Development Corp. Class A Common Stock
FEXD
– –
-83,137
Closed -$915K
ZLS
286
DELISTED
Zalatoris II Acquisition Corp Class A Ordinary Shares
ZLS
– –
-13,849
Closed -$150K
ARYD
287
DELISTED
ARYA Sciences Acquisition Corp IV Class A Odinary Shares
ARYD
– –
-39,248
Closed -$441K
ETRN
288
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
– –
-85,566
Closed -$1.07M
BLUA
289
DELISTED
BlueRiver Acquisition Corp.
BLUA
– –
-65,911
Closed -$715K
VCXB
290
DELISTED
10X Capital Venture Acquisition Corp III
VCXB
– –
-95,380
Closed -$1.03M
BWAQ
291
DELISTED
Blue World Acquisition Corporation Class A Ordinary Shares
BWAQ
– –
-75,000
Closed -$839K
CMCA
292
DELISTED
Capitalworks Emerging Markets Acquisition Corp Class A Ordinary Shares
CMCA
– –
-195,320
Closed -$2.14M
PLTN
293
DELISTED
Plutonian Acquisition Corp. Common Stock
PLTN
– –
-123,655
Closed -$1.33M
ERF
294
DELISTED
Enerplus Corporation
ERF
– –
-155,105
Closed -$3.05M
QDRO
295
DELISTED
Quadro Acquisition One Corp. Class A Ordinary Shares
QDRO
– –
-57,525
Closed -$631K
QDROW
296
DELISTED
Quadro Acquisition One Corp. Warrant
QDROW
– –
-150,101
Closed -$6K
SCRM
297
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
– –
-22,500
Closed -$241K
PXD
298
DELISTED
Pioneer Natural Resource Co.
PXD
– –
-24,138
Closed -$6.34M
IBACU
299
DELISTED
IB Acquisition Corp. Unit
IBACU
– –
-150,000
Closed -$1.5M
RMGCW
300
DELISTED
RMG Acquisition Corp. III Warrant
RMGCW
– –
-540,682
Closed -$32.4K
9 10 11
12
13

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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.