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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
+5.15%
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
$1.23B
AUM Growth
+$28.2M
Cap. Flow
-$167M
Cap. Flow %
-13.57%
Top 10 Hldgs %
30.38%
Holding
553
New
191
Increased
38
Reduced
38
Closed
238

Top Buys

Rank Stock Value
1
CIXX
CI Financial Corp.
CIXX
+$88.5M
2
PFSI icon
PennyMac Financial
PFSI
+$40.7M
3
PMT
PennyMac Mortgage Investment
PMT
+$16M
4
PFTAU
Perception Capital Corp. III Unit
PFTAU
+$16M
5
CHWAU
CHW Acquisition Corporation Unit
CHWAU
+$9.92M

Top Sells

Rank Stock Value
1
SKIN icon
SkinHealth Systems
SKIN
+$21.8M
2
PRPB
CC Neuberger Principal Holdings II Class A Ordinary Shares
PRPB
+$15.1M
3
GACQU
Global Consumer Acquisition Corp. Unit
GACQU
+$12.2M
4
BPYU
Brookfield Property REIT Inc. Class A Common Stock
BPYU
+$10.2M
5
SVOK
Seven Oaks Acquisition Corp. Class A Common Stock
SVOK
+$8.78M

Sector Composition

Rank Sector Weight
1 Financials 18.24%
2 Real Estate 4.79%
3 Healthcare 4.26%
4 Technology 2.93%
5 Communication Services 2.46%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SKIN icon
26
CALL
SkinHealth Systems
SKIN
$96.9M
$8.14M 0.66%
313,600
+194,500
+163% +$4.28M
CVE icon
27
CALL
Cenovus Energy
CVE
$52.3B
$8.05M 0.65%
+800,000
New +$6.83M
JAQCU
28
DELISTED
Jupiter Acquisition Corporation Units
JAQCU
$7.91M 0.64%
+805,000
New +$7.89M
BG icon
29
Bunge Global
BG
$22.8B
$7.47M 0.61%
+91,873
New +$7.09M
MGLN
30
DELISTED
Magellan Health Services, Inc.
MGLN
$7.09M 0.58%
75,000
-14,269
-16% -$1.35M
WTW icon
31
Willis Towers Watson
WTW
$28.6B
$7.04M 0.57%
30,302
+3,000
+11% +$668K
MNR
32
DELISTED
Monmouth Real Estate Investment Corp
MNR
$6.71M 0.55%
359,792
+206,674
+135% +$3.91M
HYG icon
33
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
$6.56M 0.53%
75,000
-34,900
-32% -$3.06M
TLT icon
34
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.8B
$6.49M 0.53%
45,000
+1,000
+2% +$148K
PPD
35
DELISTED
PPD, Inc. Common Stock
PPD
$6.46M 0.52%
137,969
+10,500
+8% +$486K
RBAC
36
DELISTED
RedBall Acquisition Corp.
RBAC
$6.35M 0.52%
644,980
– –
SPWH icon
37
Sportsman's Warehouse
SPWH
$44.9M
$6.08M 0.49%
345,675
+44,453
+15% +$788K
FAZE
38
DELISTED
FaZe Holdings Inc. Common Stock
FAZE
$6.08M 0.49%
624,012
+1,600
+0.3% +$15.5K
AHPAU
39
DELISTED
Avista Public Acquisition Corp. II Unit
AHPAU
$6.07M 0.49%
+600,000
New +$6.03M
XLNX
40
DELISTED
Xilinx Inc
XLNX
$6.04M 0.49%
40,000
+10,000
+33% +$1.47M
SCPL
41
DELISTED
SciPlay Corporation Class A Common Stock
SCPL
$5.9M 0.48%
+285,100
New +$5.04M
NOAC
42
DELISTED
Natural Order Acquisition Corp. Common Stock
NOAC
$5.74M 0.47%
585,343
-467,737
-44% -$4.56M
VCXAU
43
DELISTED
10X Capital Venture Acquisition Corp II Unit
VCXAU
$5.51M 0.45%
+552,809
New +$5.51M
NUAN
44
DELISTED
Nuance Communications, Inc.
NUAN
$5.47M 0.44%
99,433
-23,300
-19% -$1.28M
IWM icon
45
PUT
iShares Russell 2000 ETF
IWM
$80.3B
$5.47M 0.44%
25,000
-35,000
-58% -$7.76M
RNG icon
46
PUT
RingCentral
RNG
$4.5B
$5.42M 0.44%
24,900
-100
-0.4% -$25.4K
XOG
47
DELISTED
Extraction Oil & Gas, Inc. Common Stock
XOG
$5.34M 0.43%
94,646
+76,300
+416% +$3.65M
CXP
48
DELISTED
COLUMBIA PROPERTY TRUST, INC.
CXP
$5.28M 0.43%
+277,497
New +$4.83M
CLDR
49
DELISTED
Cloudera, Inc.
CLDR
$5.22M 0.42%
326,789
+139,026
+74% +$2.21M
INMD icon
50
InMode
INMD
$884M
$5.07M 0.41%
63,616
-123,920
-66% -$7.56M
1
2
3 4 5

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K2 Principal Fund's Q3 2021 Portfolio in Review

As of Q3 2021, K2 Principal Fund held 553 positions worth $1.23B, up 2.3% from $1.2B the previous quarter. Its ten largest holdings account for 30% of the portfolio.

K2 Principal Fund withdrew a net $167M in Q3 2021, closing 238 positions and reducing 38 holdings. Its most notable exit was CC Neuberger Principal Holdings II Class A Ordinary Shares, an estimated $15.1M position sold in full.

By sector, the portfolio is most concentrated in Financials at 18% of assets, up from 15% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Perception Capital Corp. III Unit worth $15.9M.

  • K2 Principal Fund's largest Q3 2021 buy was Perception Capital Corp. III Unit: 1,600,000 shares worth $15.9M.
  • K2 Principal Fund added most to CI Financial Corp. in Q3 2021, an estimated $88.5M increase.
  • K2 Principal Fund's biggest Q3 2021 reduction was SkinHealth Systems, cutting an estimated $21.8M.
  • K2 Principal Fund fully exited CC Neuberger Principal Holdings II Class A Ordinary Shares in Q3 2021, selling an estimated $15.1M.
  • K2 Principal Fund's ten largest holdings make up 30% of its $1.23B portfolio in Q3 2021.
  • K2 Principal Fund opened 191 new positions and closed 238 in Q3 2021.
  • K2 Principal Fund's portfolio value rose 2.3% quarter-over-quarter to $1.23B.

Based on K2 Principal Fund's 13F filing for Q3 2021, filed 12 Nov 2021.