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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
+9.1%
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
$901M
AUM Growth
+$206M
Cap. Flow
-$198M
Cap. Flow %
-21.99%
Top 10 Hldgs %
20.65%
Holding
406
New
128
Increased
42
Reduced
35
Closed
102

Top Buys

Rank Stock Value
1
WLAC
Willow Lane Acquisition Corp
WLAC
+$9.24M
2
DYNC
Dynamix Corp
DYNC
+$8.53M
3
MLACU
Mountain Lake Acquisition Corp Units
MLACU
+$7.5M
4
TDACU
Translational Development Acquisition Corp Units
TDACU
+$6.76M
5
SEI
Solaris Energy Infrastructure
SEI
+$6.13M

Top Sells

Rank Stock Value
1
VACHU
Voyager Acquisition Corp Unit
VACHU
+$10.4M
2
HONDU
HCM II Acquisition Corp Unit
HONDU
+$7.76M
3
VCICU
Vine Hill Capital Investment Corp Unit
VCICU
+$7.25M
4
PMT
PennyMac Mortgage Investment
PMT
+$5.84M
5
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$5.4M

Sector Composition

Rank Sector Weight
1 Financials 4.72%
2 Technology 2.72%
3 Energy 2.11%
4 Communication Services 1.71%
5 Consumer Discretionary 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SAVE
326
PUT
DELISTED
Spirit Airlines, Inc.
SAVE
– –
-100,000
Closed -$240K
NVEI
327
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
– –
-25,711
Closed -$857K
INTE
328
DELISTED
Integral Acquisition Corporation 1 Class A Common Stock
INTE
– –
-18,572
Closed -$206K
MCAAW
329
DELISTED
Mountain & Co. I Acquisition Corp. Warrant
MCAAW
– –
-108,900
Closed -$1.09K
PHYT
330
DELISTED
Pyrophyte Acquisition Corp.
PHYT
– –
-141,468
Closed -$1.63M
SQSP
331
DELISTED
Squarespace, Inc.
SQSP
– –
-5,800
Closed -$269K
BHAC
332
DELISTED
Focus Impact BH3 Acquisition Company Class A Common Stock
BHAC
– –
-37,019
Closed -$389K
BHACW
333
DELISTED
Focus Impact BH3 Acquisition Company Warrants
BHACW
– –
-580,967
Closed -$23.2K
SWN
334
DELISTED
Southwestern Energy Company
SWN
– –
-377,753
Closed -$2.69M
ARCH
335
DELISTED
Arch Resources, Inc.
ARCH
– –
-2,500
Closed -$345K
MNTN.WS
336
DELISTED
Everest Consolidator Acquisition Corporation Warrants, each whole warrant exercisable for one share of Class A Common Stock, at an exercise price of $11.50
MNTN.WS
– –
-359,510
Closed -$10.8K
TLGYW
337
DELISTED
TLGY Acquisition Corporation Warrant
TLGYW
– –
-360,690
Closed -$10.8K
INTEW
338
DELISTED
Integral Acquisition Corporation 1 Warrants
INTEW
– –
-351,311
Closed -$14.1K
10 11 12 13
14

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K2 Principal Fund's Q4 2024 Portfolio in Review

As of Q4 2024, K2 Principal Fund held 406 positions worth $901M, up 30% from $695M the previous quarter. Its ten largest holdings account for 21% of the portfolio.

K2 Principal Fund withdrew a net $198M in Q4 2024, closing 102 positions and reducing 35 holdings. Its most notable exit was Voyager Acquisition Corp Unit, an estimated $10.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.7% of assets, up from 3.2% a quarter earlier, followed by Technology and Energy.

Against the trend, K2 Principal Fund opened a new position in Willow Lane Acquisition Corp worth $9.24M.

  • K2 Principal Fund's largest Q4 2024 buy was Willow Lane Acquisition Corp: 933,888 shares worth $9.24M.
  • K2 Principal Fund added most to Alphabet (Google) Class C in Q4 2024, an estimated $3.01M increase.
  • K2 Principal Fund's biggest Q4 2024 reduction was Presidio Production Co, cutting an estimated $2.6M.
  • K2 Principal Fund fully exited Voyager Acquisition Corp Unit in Q4 2024, selling an estimated $10.4M.
  • K2 Principal Fund's ten largest holdings make up 21% of its $901M portfolio in Q4 2024.
  • K2 Principal Fund opened 128 new positions and closed 102 in Q4 2024.
  • K2 Principal Fund's portfolio value rose 30% quarter-over-quarter to $901M.

Based on K2 Principal Fund's 13F filing for Q4 2024, filed 14 Feb 2025.