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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
+9.1%
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
$901M
AUM Growth
+$206M
Cap. Flow
-$198M
Cap. Flow %
-21.99%
Top 10 Hldgs %
20.65%
Holding
406
New
128
Increased
42
Reduced
35
Closed
102

Top Buys

Rank Stock Value
1
WLAC
Willow Lane Acquisition Corp
WLAC
+$9.24M
2
DYNC
Dynamix Corp
DYNC
+$8.53M
3
MLACU
Mountain Lake Acquisition Corp Units
MLACU
+$7.5M
4
TDACU
Translational Development Acquisition Corp Units
TDACU
+$6.76M
5
SEI
Solaris Energy Infrastructure
SEI
+$6.13M

Top Sells

Rank Stock Value
1
VACHU
Voyager Acquisition Corp Unit
VACHU
+$10.4M
2
HONDU
HCM II Acquisition Corp Unit
HONDU
+$7.76M
3
VCICU
Vine Hill Capital Investment Corp Unit
VCICU
+$7.25M
4
PMT
PennyMac Mortgage Investment
PMT
+$5.84M
5
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$5.4M

Sector Composition

Rank Sector Weight
1 Financials 4.72%
2 Technology 2.72%
3 Energy 2.11%
4 Communication Services 1.71%
5 Consumer Discretionary 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ODFL icon
276
Old Dominion Freight Line
ODFL
$46.3B
– –
-2,100
Closed -$428K
PMCB icon
277
PharmaCyte Biotech
PMCB
$6.29M
– –
-209,266
Closed -$400K
PMT
278
PennyMac Mortgage Investment
PMT
$845M
– –
-409,610
Closed -$5.84M
QETA icon
279
Quetta Acquisition Corp
QETA
– –
-111,530
Closed -$1.16M
RCL icon
280
Royal Caribbean
RCL
$86.5B
– –
-4,754
Closed -$843K
SLV icon
281
CALL
iShares Silver Trust
SLV
$27.7B
– –
-75,000
Closed -$2.13M
SLV icon
282
iShares Silver Trust
SLV
$27.7B
– –
-70,000
Closed -$1.99M
SPRY icon
283
ARS Pharmaceuticals
SPRY
$579M
– –
-120,000
Closed -$1.68M
STLD icon
284
Steel Dynamics
STLD
$36.2B
– –
-8,400
Closed -$1.12M
SYM icon
285
Symbotic
SYM
$5.13B
– –
-10,000
Closed -$244K
TSM icon
286
TSMC
TSM
$1.94T
– –
-10,000
Closed -$1.94M
UBER icon
287
Uber
UBER
$145B
– –
-24,988
Closed -$1.78M
VST icon
288
Vistra
VST
$48.2B
– –
-16,000
Closed -$1.9M
WGMI icon
289
PUT
CoinShares ETF Trust CoinShares Bitcoin Mining ETF
WGMI
$213M
– –
-50,000
Closed -$951K
WULF icon
290
PUT
TeraWulf
WULF
$7.48B
– –
-50,000
Closed -$234K
XFOR icon
291
X4 Pharmaceuticals
XFOR
$377M
– –
-2,972
Closed -$59.7K
XHB icon
292
State Street SPDR S&P Homebuilders ETF
XHB
$1.61B
– –
-8,000
Closed -$996K
XLE icon
293
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39B
– –
-50,000
Closed -$2.19M
ZEO
294
Zeo Energy
ZEO
$18.2M
– –
-115,580
Closed -$195K
DYCQ
295
DELISTED
DT Cloud Acquisition Corp
DYCQ
– –
-61,021
Closed -$629K
VACHU
296
DELISTED
Voyager Acquisition Corp Unit
VACHU
– –
-1,042,400
Closed -$10.4M
CEP
297
DELISTED
Cantor Equity Partners
CEP
– –
-32,380
Closed -$325K
HONDU
298
DELISTED
HCM II Acquisition Corp Unit
HONDU
– –
-774,788
Closed -$7.76M
RZLVW
299
Rezolve AI Warrants
RZLVW
$5.69M
– –
-103,775
Closed -$18.7K
BSIIU
300
DELISTED
Black Spade Acquisition II Co Unit
BSIIU
– –
-390,546
Closed -$3.89M
10 11
12
13 14

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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 Q4 2024 Portfolio in Review

As of Q4 2024, K2 Principal Fund held 406 positions worth $901M, up 30% from $695M the previous quarter. Its ten largest holdings account for 21% of the portfolio.

K2 Principal Fund withdrew a net $198M in Q4 2024, closing 102 positions and reducing 35 holdings. Its most notable exit was Voyager Acquisition Corp Unit, an estimated $10.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.7% of assets, up from 3.2% a quarter earlier, followed by Technology and Energy.

Against the trend, K2 Principal Fund opened a new position in Willow Lane Acquisition Corp worth $9.24M.

  • K2 Principal Fund's largest Q4 2024 buy was Willow Lane Acquisition Corp: 933,888 shares worth $9.24M.
  • K2 Principal Fund added most to Alphabet (Google) Class C in Q4 2024, an estimated $3.01M increase.
  • K2 Principal Fund's biggest Q4 2024 reduction was Presidio Production Co, cutting an estimated $2.6M.
  • K2 Principal Fund fully exited Voyager Acquisition Corp Unit in Q4 2024, selling an estimated $10.4M.
  • K2 Principal Fund's ten largest holdings make up 21% of its $901M portfolio in Q4 2024.
  • K2 Principal Fund opened 128 new positions and closed 102 in Q4 2024.
  • K2 Principal Fund's portfolio value rose 30% quarter-over-quarter to $901M.

Based on K2 Principal Fund's 13F filing for Q4 2024, filed 14 Feb 2025.