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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
SKIN icon
326
CALL
SkinHealth Systems
SKIN
$83.4M
– –
-15,500
Closed -$199K
SKIN icon
327
SkinHealth Systems
SKIN
$83.4M
– –
-865,810
Closed -$11.1M
SPOT icon
328
CALL
Spotify
SPOT
$108B
– –
-5,000
Closed -$469K
SPY icon
329
State Street SPDR S&P 500 ETF Trust
SPY
$771B
– –
-1,000
Closed -$397K
STLD icon
330
Steel Dynamics
STLD
$36.2B
– –
-5,000
Closed -$378K
STLD icon
331
PUT
Steel Dynamics
STLD
$36.2B
– –
-42,500
Closed -$2.81M
TECK icon
332
CALL
Teck Resources
TECK
$28.2B
– –
-35,000
Closed -$1.07M
TFII icon
333
CALL
TFI International
TFII
$11.6B
– –
-50,000
Closed -$4.01M
TRIP icon
334
CALL
TripAdvisor
TRIP
$1.7B
– –
-10,000
Closed -$178K
TSLA icon
335
Tesla
TSLA
$1.18T
– –
-231,699
Closed -$52M
TWLO icon
336
CALL
Twilio
TWLO
$28.6B
– –
-15,000
Closed -$1.26M
TWLO icon
337
Twilio
TWLO
$28.6B
– –
-7,500
Closed -$629K
UBER icon
338
CALL
Uber
UBER
$145B
– –
-50,000
Closed -$1.02M
UNG icon
339
PUT
United States Natural Gas Fund
UNG
$450M
– –
-25,000
Closed -$1.9M
VAC icon
340
CALL
Marriott Vacations Worldwide
VAC
$3.53B
– –
-5,000
Closed -$581K
WALD icon
341
Waldencast
WALD
$209M
– –
-335,701
Closed -$3.31M
WHR icon
342
Whirlpool
WHR
$2.49B
– –
-1,424
Closed -$221K
WRLD icon
343
CALL
World Acceptance Corp
WRLD
$861M
– –
-7,700
Closed -$864K
LENZ
344
LENZ Therapeutics
LENZ
$179M
– –
-57,382
Closed -$1.1M
DJT icon
345
CALL
Trump Media & Technology Group
DJT
$2.73B
– –
-18,800
Closed -$454K
NVRO
346
DELISTED
NEVRO CORP.
NVRO
– –
-20,128
Closed -$934K
HCVIW
347
DELISTED
Hennessy Capital Investment Corp. VI Warrant
HCVIW
– –
-242,055
Closed -$61K
DPCSW
348
DELISTED
DP Cap Acquisition Corp I Warrants
DPCSW
– –
-173,900
Closed -$23K
AKLI
349
DELISTED
Akili Inc
AKLI
– –
-150,000
Closed -$1.48M
SIX
350
CALL
DELISTED
Six Flags Entertainment Corp.
SIX
– –
-140,000
Closed -$3.04M
12 13
14
15 16

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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 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.