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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
+9.18%
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
$579M
AUM Growth
-$206M
Cap. Flow
-$356M
Cap. Flow %
-61.45%
Top 10 Hldgs %
27.08%
Holding
345
New
120
Increased
30
Reduced
40
Closed
108

Top Buys

Rank Stock Value
1
IAU icon
iShares Gold Trust
IAU
+$8.11M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$6.24M
3
DJT icon
Trump Media & Technology Group
DJT
+$5.82M
4
INTC icon
Intel
INTC
+$3.56M
5
ZEO
Zeo Energy
ZEO
+$3.48M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$13.2M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$6.23M
3
IVCB
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
+$3.62M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.55M
5
TRP icon
TC Energy
TRP
+$3.13M

Sector Composition

Rank Sector Weight
1 Financials 7.82%
2 Healthcare 4.46%
3 Technology 4.07%
4 Energy 3.13%
5 Industrials 2.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRIS
301
DELISTED
Tristar Acquisition I Corp.
TRIS
– –
-241,133
Closed -$2.6M
CHAA
302
DELISTED
Catcha Investment Corp
CHAA
– –
-99,363
Closed -$1.11M
LSDI
303
DELISTED
Lucy Scientific Discovery Inc. Common Stock
LSDI
– –
-25,000
Closed -$65K
PLTNW
304
DELISTED
Plutonian Acquisition Corp. Warrant
PLTNW
– –
-105,178
Closed -$3.15K
PGSS
305
DELISTED
Pegasus Digital Mobility Acquisition Corp.
PGSS
– –
-53,018
Closed -$586K
DSAQ
306
DELISTED
Direct Selling Acquisition Corp.
DSAQ
– –
-250,000
Closed -$2.72M
ASCA
307
DELISTED
A SPAC I Acquisition Corp. Class A Ordinary Share
ASCA
– –
-57,132
Closed -$623K
ENCPW
308
DELISTED
Energem Corp Warrant
ENCPW
– –
-527,749
Closed -$5.28K
ARIZ
309
DELISTED
Arisz Acquisition Corp. Common Stock
ARIZ
– –
-25,453
Closed -$278K
ARIZR
310
DELISTED
Arisz Acquisition Corp. Right
ARIZR
– –
-120,564
Closed -$25.3K
CPTK
311
DELISTED
Crown PropTech Acquisitions
CPTK
– –
-13,550
Closed -$144K
DMAQR
312
DELISTED
Deep Medicine Acquisition Corp. Rights
DMAQR
– –
-134,514
Closed -$40.4K
OPA
313
DELISTED
Magnum Opus Acquisition Limited
OPA
– –
-56,000
Closed -$604K
GSDWW
314
DELISTED
Global Systems Dynamics, Inc. Warrant
GSDWW
– –
-360,675
Closed –
CSTA
315
DELISTED
Constellation Acquisition Corp I
CSTA
– –
-116,226
Closed -$1.28M
MNTN
316
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
– –
-118,991
Closed -$1.3M
KDK
317
Kodiak AI
KDK
$815M
– –
-112,725
Closed -$1.18M
9 10 11 12
13

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WIM
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LCG
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CCM
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K2 Principal Fund's Q1 2024 Portfolio in Review

As of Q1 2024, K2 Principal Fund held 345 positions worth $579M, down 26% from $785M the previous quarter. Its ten largest holdings account for 27% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q1 2024, closing 108 positions and reducing 40 holdings. Its most notable exit was Investcorp Europe Acquisition Corp I Class A Ordinary Shares, an estimated $3.62M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.3% a quarter earlier, followed by Healthcare and Technology.

Against the trend, K2 Principal Fund opened a new position in iShares Bitcoin Trust worth $8.09M.

  • K2 Principal Fund's largest Q1 2024 buy was iShares Bitcoin Trust: 200,000 shares worth $8.09M.
  • K2 Principal Fund added most to iShares Gold Trust in Q1 2024, an estimated $8.11M increase.
  • K2 Principal Fund's biggest Q1 2024 reduction was Mr. Cooper, cutting an estimated $13.2M.
  • K2 Principal Fund fully exited Investcorp Europe Acquisition Corp I Class A Ordinary Shares in Q1 2024, selling an estimated $3.62M.
  • K2 Principal Fund's ten largest holdings make up 27% of its $579M portfolio in Q1 2024.
  • K2 Principal Fund opened 120 new positions and closed 108 in Q1 2024.
  • K2 Principal Fund's portfolio value fell 26% quarter-over-quarter to $579M.

Based on K2 Principal Fund's 13F filing for Q1 2024, filed 14 May 2024.