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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
-0.79%
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
$871M
AUM Growth
-$35.6M
Cap. Flow
-$72.1M
Cap. Flow %
-8.28%
Top 10 Hldgs %
31.88%
Holding
420
New
69
Increased
48
Reduced
66
Closed
133

Top Buys

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$24.3M
2
PMT
PennyMac Mortgage Investment
PMT
+$19.5M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.97M
4
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.41M
5
TWO
Two Harbors Investment
TWO
+$6.57M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$52M
2
COIN icon
Coinbase
COIN
+$16M
3
SIVB
SVB Financial Group
SIVB
+$15.9M
4
CIXX
CI Financial Corp.
CIXX
+$11.9M
5
GME icon
GameStop
GME
+$11.8M

Sector Composition

Rank Sector Weight
1 Financials 7.96%
2 Real Estate 4.84%
3 Healthcare 4.77%
4 Consumer Discretionary 4.27%
5 Energy 2.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KGC icon
301
PUT
Kinross Gold
KGC
$27.7B
– –
-425,000
Closed -$1.52M
LYFT icon
302
CALL
Lyft
LYFT
$5.86B
– –
-50,000
Closed -$664K
MARA icon
303
PUT
Marathon Digital Holdings
MARA
$3.83B
– –
-100,000
Closed -$534K
MKSI icon
304
MKS Inc
MKSI
$17.4B
– –
-8,000
Closed -$821K
MSTR icon
305
PUT
Strategy Inc
MSTR
$34.1B
– –
-350,000
Closed -$5.75M
NUE icon
306
Nucor
NUE
$58.3B
– –
-5,000
Closed -$522K
NUE icon
307
PUT
Nucor
NUE
$58.3B
– –
-25,000
Closed -$2.61M
OABIW icon
308
OmniAb Inc Warrant
OABIW
– –
-227,135
Closed -$75K
OBIO icon
309
Orchestra BioMed
OBIO
$228M
– –
-175,000
Closed -$1.74M
PETWW
310
DELISTED
Wag! Group Co Warrant
PETWW
– –
-1,270,038
Closed -$178K
PII icon
311
PUT
Polaris
PII
$3.83B
– –
-10,000
Closed -$993K
PLD icon
312
Prologis
PLD
$136B
– –
-12,275
Closed -$1.44M
PROK icon
313
ProKidney
PROK
$316M
– –
-136,937
Closed -$1.37M
QCOM icon
314
Qualcomm
QCOM
$164B
– –
-35,000
Closed -$4.47M
QCOM icon
315
PUT
Qualcomm
QCOM
$164B
– –
-25,000
Closed -$3.19M
RCI icon
316
CALL
Rogers Communications
RCI
$18.8B
– –
-25,000
Closed -$1.54M
RCL icon
317
Royal Caribbean
RCL
$86.5B
– –
-9,299
Closed -$377K
RDFN
318
CALL
DELISTED
Redfin
RDFN
– –
-12,000
Closed -$99K
RDFN
319
PUT
DELISTED
Redfin
RDFN
– –
-60,000
Closed -$494K
RENT
320
Rent the Runway
RENT
$124M
– –
-6,416
Closed -$527K
RNAC icon
321
Cartesian Therapeutics
RNAC
$218M
– –
-33,798
Closed -$1.33M
ROG icon
322
Rogers Corp
ROG
$2.09B
– –
-8,391
Closed -$2.2M
RWM icon
323
ProShares Short Russell2000
RWM
$133M
– –
-86,900
Closed -$2.26M
SAFE
324
CALL
Safehold
SAFE
$1.17B
– –
-13,354
Closed -$891K
SAFE
325
Safehold
SAFE
$1.17B
– –
-23,394
Closed -$1.56M
11 12
13
14 15

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KGI
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SC
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WIM
Weitz Investment Management Omaha, Nebraska $1.43B AUM 0.51% 1-Year Est. Return
LCG
Luxor Capital Group New York $1.43B AUM 30.88% 1-Year Est. Return
CCM
Callodine Capital Management Boston, Massachusetts $1.43B AUM 8.74% 1-Year Est. Return
TS
Triglav Skladi Ljubljana, Slovenia $1.43B AUM 39.24% 1-Year Est. Return
SMA
Sage Mountain Advisors Atlanta, Georgia $1.43B AUM 16.47% 1-Year Est. Return
SCA
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K2 Principal Fund's Q3 2022 Portfolio in Review

As of Q3 2022, K2 Principal Fund held 420 positions worth $871M, down 3.9% from $907M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

K2 Principal Fund withdrew a net $72.1M in Q3 2022, closing 133 positions and reducing 66 holdings. Its most notable exit was Tesla, an estimated $52M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8% of assets, down from 13% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $23.3M.

  • K2 Principal Fund's largest Q3 2022 buy was Mr. Cooper: 574,409 shares worth $23.3M.
  • K2 Principal Fund added most to San Juan Basin Royalty Trust in Q3 2022, an estimated $8.97M increase.
  • K2 Principal Fund's biggest Q3 2022 reduction was Coinbase, cutting an estimated $16M.
  • K2 Principal Fund fully exited Tesla in Q3 2022, selling an estimated $52M.
  • K2 Principal Fund's ten largest holdings make up 32% of its $871M portfolio in Q3 2022.
  • K2 Principal Fund opened 69 new positions and closed 133 in Q3 2022.
  • K2 Principal Fund's portfolio value fell 3.9% quarter-over-quarter to $871M.

Based on K2 Principal Fund's 13F filing for Q3 2022, filed 14 Nov 2022.