We are live on ! Find out more
KPF

K2 Principal Fund Portfolio holdings

AUM $1.36B
1-Year Est. Return 25.57%
This Fund
S&P 500
This Quarter Est. Return
-0.7%
1 Year Est. Return
+25.57%
3 Year Est. Return
+75.5%
5 Year Est. Return
+59.21%
10 Year Est. Return
+265.44%
AUM
$1.43B
AUM Growth
+$191M
Cap. Flow
-$106M
Cap. Flow %
-7.43%
Top 10 Hldgs %
20.87%
Holding
592
New
187
Increased
59
Reduced
77
Closed
105

Top Buys

Rank Stock Value
1
PFSI icon
PennyMac Financial
PFSI
+$8.39M
2
GLD icon
SPDR Gold Trust
GLD
+$6.54M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$6.24M
4
SPRY icon
ARS Pharmaceuticals
SPRY
+$5.27M
5
WLIIU
Willow Lane Acquisition Corp II Unit
WLIIU
+$4.55M

Top Sells

Rank Stock Value
1
BTI icon
British American Tobacco
BTI
+$5.69M
2
B
Barrick Mining
B
+$4.4M
3
NGD
New Gold Inc
NGD
+$4.19M
4
ALUB.U
Alussa Energy Acquisition Corp II Units
ALUB.U
+$3.54M
5
OPEN icon
Opendoor
OPEN
+$3.26M

Sector Composition

Rank Sector Weight
1 Financials 8.7%
2 Communication Services 1.84%
3 Consumer Discretionary 1.81%
4 Materials 1.59%
5 Technology 1.55%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
P
451
Everpure Inc
P
$32.6B
– –
-5,102
Closed -$342K
P
452
PUT
Everpure Inc
P
$32.6B
– –
-20,000
Closed -$1.34M
QUBT icon
453
CALL
Quantum Computing Inc
QUBT
$2.01B
– –
-10,000
Closed -$103K
ROK icon
454
Rockwell Automation
ROK
$48.3B
– –
-1,039
Closed -$404K
SLV icon
455
iShares Silver Trust
SLV
$32B
– –
-10,200
Closed -$775K
SPCE icon
456
PUT
Virgin Galactic
SPCE
$489M
– –
-200,000
Closed -$642K
STLD icon
457
Steel Dynamics
STLD
$38.5B
– –
-1,200
Closed -$203K
SYF icon
458
PUT
Synchrony
SYF
$25.4B
– –
-20,000
Closed -$1.67M
THS
459
DELISTED
Treehouse Foods
THS
– –
-40,300
Closed -$951K
TSEM icon
460
Tower Semiconductor
TSEM
$28.5B
– –
-7,411
Closed -$870K
VEON icon
461
VEON
VEON
$3.87B
– –
-19,300
Closed -$1.01M
VPG icon
462
Vishay Precision Group
VPG
$864M
– –
-10,900
Closed -$420K
WIX icon
463
WIX.com
WIX
$2.61B
– –
-11,000
Closed -$920K
XLU icon
464
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$22.4B
– –
-15,000
Closed -$640K
XLU icon
465
PUT
State Street Utilities Select Sector SPDR ETF
XLU
$22.4B
– –
-15,000
Closed -$640K
XME icon
466
PUT
State Street SPDR S&P Metals & Mining ETF
XME
$4.55B
– –
-20,000
Closed -$2.07M
MRNOW
467
Murano Global Investments PLC Warrants
MRNOW
$170K
– –
-69,690
Closed -$2.09K
OKLO
468
PUT
Oklo
OKLO
$8.28B
– –
-9,900
Closed -$710K
CCIX
469
DELISTED
Churchill Capital Corp IX
CCIX
– –
-108,850
Closed -$1.16M
AAM.WS
470
DELISTED
AA Mission Acquisition Corp Warrants
AAM.WS
– –
-125,000
Closed -$21.3K
FTW
471
Presidio Production Co
FTW
$338M
– –
-100,000
Closed -$1.05M
TSSI
472
TSS Inc
TSSI
$325M
– –
-50,000
Closed -$354K
BACQR
473
DELISTED
Inflection Point Acquisition Corp IV Right
BACQR
– –
-348,231
Closed -$258K
NTWOW
474
Newbury Street II Acquisition Corp Warrant
NTWOW
$3.45M
– –
-198,253
Closed -$49.6K
DRDB
475
Roman DBDR Acquisition Corp II
DRDB
$327M
– –
-107,090
Closed -$1.12M
17 18
19
20 21

Similar funds

PGP
Prescott General Partners Boca Raton, Florida $1.37B AUM 23.81% 1-Year Est. Return
DC
Dendur Capital New York $1.36B AUM 38.43% 1-Year Est. Return
FC
FORA Capital Miami, Florida $1.36B AUM 56.1% 1-Year Est. Return
QF
QVT Financial New York $1.37B AUM 148.1% 1-Year Est. Return
KRS
Kentucky Retirement Systems Frankfort, Kentucky $1.37B AUM 33.36% 1-Year Est. Return
AF
Aquamarine Financial George Town $1.37B AUM
PP
Pertento Partners London, United Kingdom $1.37B AUM 36.36% 1-Year Est. Return
CRM
Cramer Rosenthal McGlynn Stamford, Connecticut $1.36B AUM 31.72% 1-Year Est. Return

K2 Principal Fund's Q1 2026 Portfolio in Review

As of Q1 2026, K2 Principal Fund held 592 positions worth $1.43B, up 15% from $1.24B the previous quarter. Its ten largest holdings account for 21% of the portfolio.

K2 Principal Fund withdrew a net $106M in Q1 2026, closing 105 positions and reducing 77 holdings. Its most notable exit was Barrick Mining, an estimated $4.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8.7% of assets, up from 7% a quarter earlier, followed by Communication Services and Consumer Discretionary.

Against the trend, K2 Principal Fund opened a new position in SPDR Gold Trust worth $6.28M.

  • K2 Principal Fund's largest Q1 2026 buy was SPDR Gold Trust: 14,603 shares worth $6.28M.
  • K2 Principal Fund added most to PennyMac Financial in Q1 2026, an estimated $8.39M increase.
  • K2 Principal Fund's biggest Q1 2026 reduction was British American Tobacco, cutting an estimated $5.69M.
  • K2 Principal Fund fully exited Barrick Mining in Q1 2026, selling an estimated $4.4M.
  • K2 Principal Fund's ten largest holdings make up 21% of its $1.43B portfolio in Q1 2026.
  • K2 Principal Fund opened 187 new positions and closed 105 in Q1 2026.
  • K2 Principal Fund's portfolio value rose 15% quarter-over-quarter to $1.43B.

Based on K2 Principal Fund's 13F filing for Q1 2026, filed 14 May 2026.