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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
+3.76%
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
$1.27B
AUM Growth
+$124M
Cap. Flow
-$50.2M
Cap. Flow %
-3.97%
Top 10 Hldgs %
32.68%
Holding
503
New
191
Increased
39
Reduced
29
Closed
203

Top Buys

Rank Stock Value
1
PRPB
CC Neuberger Principal Holdings II Class A Ordinary Shares
PRPB
+$9.53M
2
SVOK
Seven Oaks Acquisition Corp. Class A Common Stock
SVOK
+$8.94M
3
NOAC
Natural Order Acquisition Corp. Common Stock
NOAC
+$7.93M
4
VWE
Vintage Wine Estates, Inc. Common Stock
VWE
+$7.15M
5
MGLN
Magellan Health Services, Inc.
MGLN
+$5.69M

Top Sells

Rank Stock Value
1
CIXX
CI Financial Corp.
CIXX
+$27M
2
PFSI icon
PennyMac Financial
PFSI
+$18.5M
3
LCID icon
Lucid Motors
LCID
+$13.2M
4
VHAQ.U
Viveon Health Acquisition Corp. Units, each consisting of one share of common stock, one Warrant entitling the holder to purchase one-half of a share of common stock, and one right to receive one-twentieth of a share of common stock
VHAQ.U
+$12.8M
5
NOACU
Natural Order Acquisition Corp. Unit
NOACU
+$10.9M

Sector Composition

Rank Sector Weight
1 Financials 10.19%
2 Healthcare 3.67%
3 Technology 2.91%
4 Real Estate 2.06%
5 Consumer Staples 1.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MIR icon
301
Mirion Technologies
MIR
$3.7B
– –
-987,985
Closed -$10.8M
MMSI icon
302
Merit Medical Systems
MMSI
$4.97B
– –
-6,472
Closed -$359K
MTN icon
303
Vail Resorts
MTN
$5.45B
– –
-2,000
Closed -$558K
MTN icon
304
PUT
Vail Resorts
MTN
$5.45B
– –
-10,000
Closed -$2.79M
MVSTW
305
CALL
DELISTED
Microvast Holdings Warrants
MVSTW
– –
-341,584
Closed -$1.63M
MX icon
306
CALL
Magnachip Semiconductor
MX
$116M
– –
-267,900
Closed -$3.62M
MX icon
307
Magnachip Semiconductor
MX
$116M
– –
-17,500
Closed -$237K
NET icon
308
Cloudflare
NET
$101B
– –
-25,000
Closed -$1.9M
NXPI icon
309
CALL
NXP Semiconductors
NXPI
$61.8B
– –
-20,000
Closed -$3.18M
NXPI icon
310
NXP Semiconductors
NXPI
$61.8B
– –
-2,500
Closed -$398K
PANW icon
311
PUT
Palo Alto Networks
PANW
$265B
– –
-24,000
Closed -$1.42M
PBI icon
312
Pitney Bowes
PBI
$2.46B
– –
-52,049
Closed -$321K
PCG icon
313
PG&E
PCG
$39.2B
– –
-38,121
Closed -$475K
PFE icon
314
CALL
Pfizer
PFE
$142B
– –
-70,000
Closed -$2.58M
PFSI icon
315
CALL
PennyMac Financial
PFSI
$3.94B
– –
-54,000
Closed -$3.54M
PFSI icon
316
PUT
PennyMac Financial
PFSI
$3.94B
– –
-250,000
Closed -$16.4M
PLBY icon
317
Playboy Inc
PLBY
$133M
– –
-190,841
Closed -$2.01M
PLNT icon
318
CALL
Planet Fitness
PLNT
$4.43B
– –
-31,000
Closed -$2.41M
PMT
319
PennyMac Mortgage Investment
PMT
$812M
– –
-68,368
Closed -$1.2M
PTON icon
320
Peloton Interactive
PTON
$2.76B
– –
-1,500
Closed -$199K
QCOM icon
321
CALL
Qualcomm
QCOM
$160B
– –
-55,000
Closed -$8.38M
QCOM icon
322
Qualcomm
QCOM
$160B
– –
-20,000
Closed -$3.05M
RC
323
Ready Capital
RC
$261M
– –
-35,532
Closed -$442K
RKT icon
324
CALL
Rocket Companies
RKT
$37.5B
– –
-15,000
Closed -$303K
RNG icon
325
RingCentral
RNG
$4.48B
– –
-1,200
Closed -$441K
11 12
13
14 15

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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 Q1 2021 Portfolio in Review

As of Q1 2021, K2 Principal Fund held 503 positions worth $1.27B, up 11% from $1.14B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

K2 Principal Fund withdrew a net $50.2M in Q1 2021, closing 203 positions and reducing 29 holdings. Its most notable exit was Lucid Motors, an estimated $13.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 10% of assets, down from 11% a quarter earlier, followed by Healthcare and Technology.

Against the trend, K2 Principal Fund opened a new position in CC Neuberger Principal Holdings II Class A Ordinary Shares worth $8.96M.

  • K2 Principal Fund's largest Q1 2021 buy was CC Neuberger Principal Holdings II Class A Ordinary Shares: 909,258 shares worth $8.96M.
  • K2 Principal Fund added most to Varian Medical Systems, Inc. in Q1 2021, an estimated $5.13M increase.
  • K2 Principal Fund's biggest Q1 2021 reduction was CI Financial Corp., cutting an estimated $27M.
  • K2 Principal Fund fully exited Lucid Motors in Q1 2021, selling an estimated $13.2M.
  • K2 Principal Fund's ten largest holdings make up 33% of its $1.27B portfolio in Q1 2021.
  • K2 Principal Fund opened 191 new positions and closed 203 in Q1 2021.
  • K2 Principal Fund's portfolio value rose 11% quarter-over-quarter to $1.27B.

Based on K2 Principal Fund's 13F filing for Q1 2021, filed 14 May 2021.