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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
VWE
26
DELISTED
Vintage Wine Estates, Inc. Common Stock
VWE
$7.1M 0.56%
+711,690
New +$7.15M
XLI icon
27
CALL
State Street Industrial Select Sector SPDR ETF
XLI
$33.4B
$6.89M 0.54%
+70,000
New +$6.41M
TSEM icon
28
CALL
Tower Semiconductor
TSEM
$25.3B
$6.71M 0.53%
+239,200
New +$7.05M
XRT icon
29
CALL
State Street SPDR S&P Retail ETF
XRT
$448M
$6.69M 0.53%
+75,000
New +$6.07M
MERC icon
30
Mercer International
MERC
$44.7M
$6.61M 0.52%
459,265
+301,985
+192% +$4.02M
HYG icon
31
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
$6.1M 0.48%
70,000
+50,000
+250% +$4.35M
MSFT icon
32
CALL
Microsoft
MSFT
$2.89T
$5.89M 0.47%
+25,000
New +$5.8M
DD icon
33
CALL
DuPont de Nemours
DD
$18.9B
$5.8M 0.46%
+59,750
New +$5.73M
MGLN
34
DELISTED
Magellan Health Services, Inc.
MGLN
$5.66M 0.45%
+60,744
New +$5.69M
GLAQ
35
DELISTED
Globis Acquisition Corp. common stock
GLAQ
$5.59M 0.44%
+563,730
New +$5.66M
COOP
36
CALL
DELISTED
Mr. Cooper
COOP
$5.39M 0.43%
+155,000
New +$4.9M
FISV
37
CALL
Fiserv Inc
FISV
$27.9B
$5.36M 0.42%
45,000
+20,000
+80% +$2.3M
HCAR
38
DELISTED
Healthcare Services Acquisition Corporation Class A Common Stock
HCAR
$5.27M 0.42%
+544,777
New +$5.46M
MBTCU
39
DELISTED
Nocturne Acquisition Corporation Unit
MBTCU
$5M 0.4%
+500,000
New +$5M
AMAOU
40
DELISTED
American Acquisition Opportunity Inc. Units
AMAOU
$4.99M 0.39%
+500,000
New +$4.98M
AGAC.U
41
DELISTED
African Gold Acquisition Corp Units
AGAC.U
$4.94M 0.39%
+500,000
New +$4.98M
WORK
42
DELISTED
Slack Technologies, Inc.
WORK
$4.82M 0.38%
118,687
+52,687
+80% +$2.2M
RBAC
43
DELISTED
RedBall Acquisition Corp.
RBAC
$4.79M 0.38%
481,213
+358,542
+292% +$3.78M
TSEM icon
44
Tower Semiconductor
TSEM
$25.3B
$4.77M 0.38%
+170,000
New +$5.01M
PTK
45
DELISTED
PTK Acquisition Corp.
PTK
$4.76M 0.38%
483,563
+255,233
+112% +$2.6M
MACU
46
DELISTED
Mallard Acquisition Corp. Common stock
MACU
$4.75M 0.38%
+481,820
New +$4.88M
MTSI icon
47
MACOM Technology Solutions
MTSI
$20.1B
$4.64M 0.37%
80,000
+60,000
+300% +$3.72M
TLRY icon
48
Tilray
TLRY
$498M
$4.6M 0.36%
20,222
– –
ALXN
49
DELISTED
Alexion Pharmaceuticals
ALXN
$4.59M 0.36%
30,000
+24,000
+400% +$3.71M
VHAQ
50
DELISTED
Viveon Health Acquisition Corp.
VHAQ
$4.54M 0.36%
+462,486
New +$4.62M
1
2
3 4 5

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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.