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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
+3.76%
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
$1.27B
AUM Growth
+$124M
Cap. Flow
-$50.2M
Cap. Flow %
-3.97%
Top 10 Hldgs %
32.68%
Holding
503
New
191
Increased
39
Reduced
29
Closed
203

Top Buys

Rank Stock Value
1
PRPB
CC Neuberger Principal Holdings II Class A Ordinary Shares
PRPB
+$9.53M
2
SVOK
Seven Oaks Acquisition Corp. Class A Common Stock
SVOK
+$8.94M
3
NOAC
Natural Order Acquisition Corp. Common Stock
NOAC
+$7.93M
4
VWE
Vintage Wine Estates, Inc. Common Stock
VWE
+$7.15M
5
MGLN
Magellan Health Services, Inc.
MGLN
+$5.69M

Top Sells

Rank Stock Value
1
CIXX
CI Financial Corp.
CIXX
+$27M
2
PFSI icon
PennyMac Financial
PFSI
+$18.5M
3
LCID icon
Lucid Motors
LCID
+$13.2M
4
VHAQ.U
Viveon Health Acquisition Corp. Units, each consisting of one share of common stock, one Warrant entitling the holder to purchase one-half of a share of common stock, and one right to receive one-twentieth of a share of common stock
VHAQ.U
+$12.8M
5
NOACU
Natural Order Acquisition Corp. Unit
NOACU
+$10.9M

Sector Composition

Rank Sector Weight
1 Financials 10.19%
2 Healthcare 3.67%
3 Technology 2.91%
4 Real Estate 2.06%
5 Consumer Staples 1.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
QEP
451
DELISTED
QEP RESOURCES, INC.
QEP
– –
-33,957
Closed -$81K
RLH
452
DELISTED
Red Lions Hotel Corporation
RLH
– –
-52,964
Closed -$183K
ACIA
453
CALL
DELISTED
Acacia Communications Inc
ACIA
– –
-20,000
Closed -$1.46M
ACIA
454
DELISTED
Acacia Communications Inc
ACIA
– –
-17,500
Closed -$1.28M
XL.WS
455
CALL
DELISTED
XL Fleet Corp. Redeemable Warrants, each whole warrant exercisable for shares of Class A common stoc
XL.WS
– –
-132,032
Closed -$1.07M
TNAV
456
DELISTED
Telenav Inc.
TNAV
– –
-454,056
Closed -$2.13M
LGVW.WS
457
CALL
DELISTED
Longview Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for one share of Clas
LGVW.WS
– –
-112,700
Closed -$743K
VRTU
458
DELISTED
Virtusa Corporation
VRTU
– –
-53,737
Closed -$2.75M
MCACR
459
CALL
DELISTED
Mountain Crest Acquisition Corp. Right
MCACR
– –
-26,979
Closed -$25K
CLCT
460
DELISTED
Collectors Universe
CLCT
– –
-6,442
Closed -$486K
EIDX
461
DELISTED
Eidos Therapeutics, Inc. Common Stock
EIDX
– –
-30,093
Closed -$3.96M
ARA
462
DELISTED
American Renal Associates Holdings, Inc
ARA
– –
-128,362
Closed -$1.47M
CXO
463
DELISTED
CONCHO RESOURCES INC.
CXO
– –
-44,255
Closed -$2.58M
PE
464
DELISTED
PARSLEY ENERGY INC
PE
– –
-288,174
Closed -$4.09M
WPX
465
DELISTED
WPX Energy, Inc.
WPX
– –
-392,778
Closed -$3.2M
TIF
466
DELISTED
Tiffany & Co.
TIF
– –
-16,973
Closed -$2.23M
BMY.RT
467
DELISTED
Bristol-Myers Squibb Company Contingent Value Rights
BMY.RT
– –
-60,300
Closed –
BMCH
468
DELISTED
BMC Stock Holdings, Inc
BMCH
– –
-73,420
Closed -$3.94M
JE
469
DELISTED
Just Energy Group Inc
JE
– –
-204,556
Closed -$1.22M
BEAT
470
DELISTED
BioTelemetry, Inc.
BEAT
– –
-3,054
Closed -$220K
AAWW
471
PUT
DELISTED
Atlas Air Worldwide Holdings, Inc.
AAWW
– –
-25,000
Closed -$1.36M
RESI
472
DELISTED
Front Yard Residential Corporation Common Stock
RESI
– –
-194,627
Closed -$3.15M
15 16 17 18
19

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K2 Principal Fund's Q1 2021 Portfolio in Review

As of Q1 2021, K2 Principal Fund held 503 positions worth $1.27B, up 11% from $1.14B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

K2 Principal Fund withdrew a net $50.2M in Q1 2021, closing 203 positions and reducing 29 holdings. Its most notable exit was Lucid Motors, an estimated $13.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 10% of assets, down from 11% a quarter earlier, followed by Healthcare and Technology.

Against the trend, K2 Principal Fund opened a new position in CC Neuberger Principal Holdings II Class A Ordinary Shares worth $8.96M.

  • K2 Principal Fund's largest Q1 2021 buy was CC Neuberger Principal Holdings II Class A Ordinary Shares: 909,258 shares worth $8.96M.
  • K2 Principal Fund added most to Varian Medical Systems, Inc. in Q1 2021, an estimated $5.13M increase.
  • K2 Principal Fund's biggest Q1 2021 reduction was CI Financial Corp., cutting an estimated $27M.
  • K2 Principal Fund fully exited Lucid Motors in Q1 2021, selling an estimated $13.2M.
  • K2 Principal Fund's ten largest holdings make up 33% of its $1.27B portfolio in Q1 2021.
  • K2 Principal Fund opened 191 new positions and closed 203 in Q1 2021.
  • K2 Principal Fund's portfolio value rose 11% quarter-over-quarter to $1.27B.

Based on K2 Principal Fund's 13F filing for Q1 2021, filed 14 May 2021.