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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
+2.96%
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
$437M
AUM Growth
-$289M
Cap. Flow
-$451M
Cap. Flow %
-103.14%
Top 10 Hldgs %
29.71%
Holding
349
New
84
Increased
25
Reduced
62
Closed
127

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$5.46M
2
WRLD icon
World Acceptance Corp
WRLD
+$4.62M
3
PFSI icon
PennyMac Financial
PFSI
+$3.57M
4
NUVA
NuVasive, Inc.
NUVA
+$2.9M
5
UHAL icon
U-Haul Holding Co
UHAL
+$2.22M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$10.5M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$9.44M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.96M
4
PMT
PennyMac Mortgage Investment
PMT
+$7.59M
5
AUY
Yamana Gold, Inc.
AUY
+$7.09M

Sector Composition

Rank Sector Weight
1 Financials 6.76%
2 Technology 5.6%
3 Healthcare 3.73%
4 Real Estate 3.63%
5 Industrials 3.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SCAQW
301
DELISTED
Stratim Cloud Acquisition Corp. Warrant
SCAQW
– –
-38,090
Closed -$7.61K
HWKZ
302
DELISTED
Hawks Acquisition Corp
HWKZ
– –
-161,161
Closed -$1.64M
CREC
303
DELISTED
Crescera Capital Acquisition Corp Class A Ordinary Shares
CREC
– –
-100,000
Closed -$1.05M
INDT
304
DELISTED
INDUS Realty Trust, Inc. (MD) Common Stock
INDT
– –
-53,985
Closed -$3.58M
ROCAR
305
DELISTED
ROC Energy Acquisition Corp. Rights
ROCAR
– –
-447,661
Closed -$145K
ILLM
306
CALL
DELISTED
illumin Holdings Inc. Common Shares
ILLM
– –
-27,000
Closed -$57.8K
AVAC
307
DELISTED
Avalon Acquisition Inc. Class A Common Stock
AVAC
– –
-210,120
Closed -$2.19M
AVACW
308
DELISTED
Avalon Acquisition Inc. Warrant
AVACW
– –
-177,113
Closed -$15.9K
JWACR
309
DELISTED
Jupiter Wellness Acquisition Corp. Right
JWACR
– –
-218,709
Closed -$87.5K
SGHL
310
DELISTED
Signal Hill Acquisition Corp. Class A Common Stock
SGHL
– –
-209,969
Closed -$2.18M
AXAC.RT
311
DELISTED
AXIOS Sustainable Growth Acquisition Corporation Rights to receive one-tenth (1/10) of one Class A ordinary share
AXAC.RT
– –
-312,923
Closed -$47.9K
GVCIW
312
DELISTED
Green Visor Financial Technology Acquisition Corp. I Warrants
GVCIW
– –
-98,796
Closed -$6.92K
TGR.WS
313
DELISTED
Kimbell Tiger Acquisition Corporation Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
TGR.WS
– –
-50,000
Closed -$5K
MAXR
314
DELISTED
Maxar Technologies Inc. Common Stock
MAXR
– –
-25,274
Closed -$1.29M
CIIGW
315
DELISTED
CIIG Capital Partners II, Inc. Warrant
CIIGW
– –
-118,340
Closed -$14.8K
EUCRW
316
DELISTED
Eucrates Biomedical Acquisition Corp. Warrant
EUCRW
– –
-34,509
Closed -$1.14K
HZON.WS
317
DELISTED
Horizon Acquisition Corporation II Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
HZON.WS
– –
-667,423
Closed -$314K
BMAQR
318
DELISTED
Blockchain Moon Acquisition Corp. Rights
BMAQR
– –
-643,127
Closed -$33.8K
BMAQW
319
DELISTED
Blockchain Moon Acquisition Corp. Warrants
BMAQW
– –
-686,506
Closed -$12.9K
GIA.WS
320
DELISTED
GigCapital 5, Inc. Redeemable Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share
GIA.WS
– –
-481,095
Closed -$12.1K
DMYS
321
DELISTED
dMY Technology Group, Inc. VI
DMYS
– –
-50,490
Closed -$516K
SJR
322
DELISTED
Shaw Communications Inc.
SJR
– –
-127,700
Closed -$3.82M
AUY
323
DELISTED
Yamana Gold, Inc.
AUY
– –
-1,212,401
Closed -$7.09M
AILEW
324
DELISTED
iLearningEngines, Inc. Warrant
AILEW
– –
-69,000
Closed -$8.29K
DUET
325
DELISTED
DUET Acquisition Corp. Class A Common Stock
DUET
– –
-50,500
Closed -$523K
9 10 11 12
13

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K2 Principal Fund's Q2 2023 Portfolio in Review

As of Q2 2023, K2 Principal Fund held 349 positions worth $437M, down 40% from $727M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

K2 Principal Fund withdrew a net $451M in Q2 2023, closing 127 positions and reducing 62 holdings. Its most notable exit was Mr. Cooper, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.8% of assets, up from 6% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in PennyMac Financial worth $3.96M.

  • K2 Principal Fund's largest Q2 2023 buy was PennyMac Financial: 56,373 shares worth $3.96M.
  • K2 Principal Fund added most to Activision Blizzard in Q2 2023, an estimated $5.46M increase.
  • K2 Principal Fund's biggest Q2 2023 reduction was ARS Pharmaceuticals, cutting an estimated $9.44M.
  • K2 Principal Fund fully exited Mr. Cooper in Q2 2023, selling an estimated $10.5M.
  • K2 Principal Fund's ten largest holdings make up 30% of its $437M portfolio in Q2 2023.
  • K2 Principal Fund opened 84 new positions and closed 127 in Q2 2023.
  • K2 Principal Fund's portfolio value fell 40% quarter-over-quarter to $437M.

Based on K2 Principal Fund's 13F filing for Q2 2023, filed 15 Aug 2023.