We are live on ! Find out more
KPF

K2 Principal Fund Portfolio holdings

AUM $1.43B
1-Year Est. Return 29.56%
This Fund
S&P 500
This Quarter Est. Return
-0.54%
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
$727M
AUM Growth
+$68.5M
Cap. Flow
-$74.1M
Cap. Flow %
-10.2%
Top 10 Hldgs %
28.59%
Holding
373
New
123
Increased
37
Reduced
62
Closed
108

Top Buys

Rank Stock Value
1
PMT
PennyMac Mortgage Investment
PMT
+$11.3M
2
ACI icon
Albertsons Companies
ACI
+$5.8M
3
FHN icon
First Horizon
FHN
+$4.56M
4
ILLM
illumin Holdings Inc. Common Shares
ILLM
+$3.79M
5
NATI
National Instruments Corp
NATI
+$3.53M

Top Sells

Rank Stock Value
1
BNS icon
Scotiabank
BNS
+$20.4M
2
SJT
San Juan Basin Royalty Trust
SJT
+$12.9M
3
MNST icon
Monster Beverage
MNST
+$11M
4
COOP
Mr. Cooper
COOP
+$11M
5
UHAL.B icon
U-Haul Holding Co Series N
UHAL.B
+$10M

Sector Composition

Rank Sector Weight
1 Financials 5.98%
2 Real Estate 4.77%
3 Healthcare 4.13%
4 Technology 3.4%
5 Energy 2.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
LIONW
326
DELISTED
Lionheart III Corp Warrant
LIONW
– –
-222,628
Closed -$5.79K
MLAI
327
DELISTED
McLaren Technology Acquisition Corp. Class A Common Stock
MLAI
– –
-123,998
Closed -$1.27M
MLAIW
328
DELISTED
McLaren Technology Acquisition Corp. Warrant
MLAIW
– –
-105,000
Closed -$525
RNERW
329
DELISTED
Mount Rainier Acquisition Corp. Warrant
RNERW
– –
-499,990
Closed -$90K
MCAER
330
DELISTED
Mountain Crest Acquisition Corp. III Right
MCAER
– –
-439,470
Closed -$35.2K
STOR
331
DELISTED
STORE Capital Corporation
STOR
– –
-157,800
Closed -$5.06M
SCMAW
332
DELISTED
Seaport Calibre Materials Acquisition Corp. Warrant
SCMAW
– –
-193,450
Closed -$6.77K
BIOTW
333
DELISTED
Biotech Acquisition Company Warrant
BIOTW
– –
-61,201
Closed -$3.91K
SCMA
334
DELISTED
Seaport Calibre Materials Acquisition Corp. Class A Common Stock
SCMA
– –
-11,545
Closed -$118K
MIT
335
DELISTED
Mason Industrial Technology, Inc.
MIT
– –
-259,220
Closed -$2.59M
SJI
336
DELISTED
South Jersey Industries, Inc.
SJI
– –
-81,207
Closed -$2.89M
MMX
337
DELISTED
Maverix Metals Inc. Common Shares
MMX
– –
-47,672
Closed -$223K
CIXX
338
CALL
DELISTED
CI Financial Corp.
CIXX
– –
-1,922,700
Closed -$26M
CIXX
339
DELISTED
CI Financial Corp.
CIXX
– –
-300,312
Closed -$2.99M
VLNS
340
DELISTED
The Valens Company, Inc. Common Shares
VLNS
– –
-195,800
Closed -$129K
EPHY
341
DELISTED
Epiphany Technology Acquisition Corp. Class A Common Stock
EPHY
– –
-75,310
Closed -$753K
SWIR
342
DELISTED
Sierra Wireless
SWIR
– –
-164,395
Closed -$4.76M
POSH
343
DELISTED
Poshmark, Inc. Class A Common Stock
POSH
– –
-26,793
Closed -$479K
MPACR
344
DELISTED
Model Performance Acquisition Corp. Right
MPACR
– –
-103,176
Closed -$55.7K
SPNE
345
DELISTED
SeaSpine Holdings Corporation Common Stock
SPNE
– –
-26,654
Closed -$223K
COWN
346
DELISTED
Cowen Inc. Class A Common Stock
COWN
– –
-22,814
Closed -$881K
PICC
347
DELISTED
Pivotal Investment Corporation III
PICC
– –
-249,450
Closed -$2.52M
BITE
348
DELISTED
Bite Acquisition Corp.
BITE
– –
-65,806
Closed -$663K
ATMVU
349
DELISTED
AlphaVest Acquisition Corp Unit
ATMVU
– –
-125,000
Closed -$1.26M
10 11 12 13
14

Similar funds

KGI
Kopernik Global Investors Tampa, Florida $1.43B AUM 63.57% 1-Year Est. Return
SC
Styrax Capital New York $1.43B AUM 50.63% 1-Year Est. Return
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
Stonebridge Capital Advisors St Paul, Minnesota $1.43B AUM 21.98% 1-Year Est. Return

K2 Principal Fund's Q1 2023 Portfolio in Review

As of Q1 2023, K2 Principal Fund held 373 positions worth $727M, up 10% from $658M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

K2 Principal Fund withdrew a net $74.1M in Q1 2023, closing 108 positions and reducing 62 holdings. Its most notable exit was Scotiabank, an estimated $20.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6% of assets, down from 10% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, K2 Principal Fund opened a new position in PennyMac Mortgage Investment worth $10.4M.

  • K2 Principal Fund's largest Q1 2023 buy was PennyMac Mortgage Investment: 839,533 shares worth $10.4M.
  • K2 Principal Fund added most to First Horizon in Q1 2023, an estimated $4.56M increase.
  • K2 Principal Fund's biggest Q1 2023 reduction was San Juan Basin Royalty Trust, cutting an estimated $12.9M.
  • K2 Principal Fund fully exited Scotiabank in Q1 2023, selling an estimated $20.4M.
  • K2 Principal Fund's ten largest holdings make up 29% of its $727M portfolio in Q1 2023.
  • K2 Principal Fund opened 123 new positions and closed 108 in Q1 2023.
  • K2 Principal Fund's portfolio value rose 10% quarter-over-quarter to $727M.

Based on K2 Principal Fund's 13F filing for Q1 2023, filed 11 May 2023.