KPF

K2 Principal Fund Portfolio holdings

AUM $545M
This Quarter Return
+1.73%
1 Year Return
+16.04%
3 Year Return
+37.63%
5 Year Return
+42.51%
10 Year Return
+139.89%
AUM
$810M
AUM Growth
+$810M
Cap. Flow
+$137K
Cap. Flow %
0.02%
Top 10 Hldgs %
38.85%
Holding
472
New
148
Increased
60
Reduced
28
Closed
106

Top Buys

1
SKIN icon
The Beauty Health Co
SKIN
$40.5M
2
PFSI icon
PennyMac Financial
PFSI
$22.8M
3
WFG icon
West Fraser Timber
WFG
$12.4M
4
SJT
San Juan Basin Royalty Trust
SJT
$12.3M
5
TRIS
Tristar Acquisition I Corp.
TRIS
$11.2M

Top Sells

1
PMT
PennyMac Mortgage Investment
PMT
$23.6M
2
HHH icon
Howard Hughes
HHH
$18.3M
3
PFTAU
Perception Capital Corp. III Unit
PFTAU
$15.9M
4
SKINW
The Beauty Health Company Warrant expiring 5/4/2026
SKINW
$11.4M
5
SOND icon
Sonder
SOND
$10.1M

Sector Composition

1 Financials 30.33%
2 Consumer Staples 8.8%
3 Materials 3.68%
4 Communication Services 3.08%
5 Technology 2.98%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
SOND icon
376
Sonder
SOND
$25M
– –
-1,022,688
Closed -$10.1M
SPCE icon
377
Virgin Galactic
SPCE
$178M
– –
0
– –
SPWH icon
378
Sportsman's Warehouse
SPWH
$104M
– –
-345,675
Closed -$6.08M
SPY icon
379
SPDR S&P 500 ETF Trust
SPY
$653B
– –
0
– –
SSB icon
380
SouthState
SSB
$10.4B
– –
-9,816
Closed -$733K
TECK icon
381
Teck Resources
TECK
$16.4B
– –
0
– –
TIXT icon
382
TELUS International
TIXT
$1.25B
– –
-14,699
Closed -$515K
TLT icon
383
iShares 20+ Year Treasury Bond ETF
TLT
$47.3B
– –
0
– –
TSEM icon
384
Tower Semiconductor
TSEM
$6.79B
– –
0
– –
TYGO icon
385
Tigo Energy
TYGO
$92.7M
– –
-400,000
Closed -$3.93M
UNG icon
386
United States Natural Gas Fund
UNG
$608M
– –
0
– –
VAC icon
387
Marriott Vacations Worldwide
VAC
$2.67B
– –
0
– –
VLN.WS icon
388
Valens Semiconductor Ltd. Warrants, each warrant to purchase one-half of one Ordinary Share
VLN.WS
$5.29M
– –
-648,414
Closed -$376K
VOO icon
389
Vanguard S&P 500 ETF
VOO
$720B
– –
0
– –
WGO icon
390
Winnebago Industries
WGO
$984M
– –
0
– –
WTW icon
391
Willis Towers Watson
WTW
$31.7B
– –
-30,302
Closed -$7.04M
X
392
DELISTED
US Steel
X
– –
0
– –
XLF icon
393
Financial Select Sector SPDR Fund
XLF
$53.7B
– –
0
– –
XLRE icon
394
Real Estate Select Sector SPDR Fund
XLRE
$7.55B
– –
0
– –
XLY icon
395
Consumer Discretionary Select Sector SPDR Fund
XLY
$23.1B
– –
0
– –
ZBH icon
396
Zimmer Biomet
ZBH
$20.8B
– –
-11,200
Closed -$1.64M
NVRO
397
DELISTED
NEVRO CORP.
NVRO
– –
0
– –
WINVU
398
DELISTED
WinVest Acquisition Corp. Unit
WINVU
– –
-375,000
Closed -$3.81M
SNAX
399
DELISTED
Stryve Foods, Inc. Class A Common Stock
SNAX
– –
-51,795
Closed -$277K
SNAXW
400
DELISTED
Stryve Foods, Inc. Warrant
SNAXW
– –
-509,585
Closed -$397K
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16
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