We are live on ! Find out more
KPF

K2 Principal Fund Portfolio holdings

AUM $1.43B
1-Year Est. Return 29.56%
This Fund
S&P 500
This Quarter Est. Return
+11.09%
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
$658M
AUM Growth
-$213M
Cap. Flow
-$356M
Cap. Flow %
-54.08%
Top 10 Hldgs %
41.88%
Holding
370
New
83
Increased
31
Reduced
76
Closed
126

Top Buys

Rank Stock Value
1
BNS icon
Scotiabank
BNS
+$19.6M
2
UHAL.B icon
U-Haul Holding Co Series N
UHAL.B
+$10.2M
3
SJT
San Juan Basin Royalty Trust
SJT
+$6.12M
4
MNST icon
Monster Beverage
MNST
+$6.11M
5
STOR
STORE Capital Corporation
STOR
+$5.01M

Top Sells

Rank Stock Value
1
CIXX
CI Financial Corp.
CIXX
+$27.9M
2
RIVN icon
Rivian
RIVN
+$17.5M
3
PMT
PennyMac Mortgage Investment
PMT
+$15.7M
4
HTZWW
Hertz Global Holdings Warrants
HTZWW
+$13.2M
5
NMRK icon
Newmark Group
NMRK
+$13.1M

Sector Composition

Rank Sector Weight
1 Financials 10.45%
2 Healthcare 5.32%
3 Energy 4.61%
4 Real Estate 4.08%
5 Industrials 2.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
X
26
CALL
DELISTED
US Steel
X
$4.01M 0.61%
160,000
+60,000
+60% +$1.38M
W icon
27
CALL
Wayfair
W
$12.4B
$3.91M 0.59%
119,000
-8,000
-6% -$279K
INSP icon
28
Inspire Medical Systems
INSP
$1.47B
$3.77M 0.57%
+14,956
New +$3.19M
AUY
29
DELISTED
Yamana Gold, Inc.
AUY
$3.74M 0.57%
673,830
+465,890
+224% +$2.35M
TGT icon
30
CALL
Target
TGT
$63.7B
$3.73M 0.57%
+25,000
New +$3.92M
DASH icon
31
PUT
DoorDash
DASH
$80.6B
$3.68M 0.56%
75,400
– –
RWT
32
Redwood Trust
RWT
$621M
$3.64M 0.55%
538,220
+422,720
+366% +$2.95M
CVII
33
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
$3.59M 0.55%
+360,218
New +$3.58M
MT icon
34
CALL
ArcelorMittal
MT
$50.7B
$3.54M 0.54%
+135,000
New +$3.31M
FNV icon
35
CALL
Franco-Nevada
FNV
$41.3B
$3.41M 0.52%
+25,000
New +$3.3M
CCVI
36
DELISTED
Churchill Capital Corp VI
CCVI
$3.33M 0.51%
+333,202
New +$3.31M
FHN icon
37
First Horizon
FHN
$12.1B
$3.12M 0.47%
127,421
+73,072
+134% +$1.77M
NBR icon
38
PUT
Nabors Industries
NBR
$1.16B
$3.1M 0.47%
+20,000
New +$2.98M
CIXX
39
DELISTED
CI Financial Corp.
CIXX
$2.99M 0.46%
300,312
-2,770,198
-90% -$27.9M
TXNM
40
TXNM Energy Inc
TXNM
$6.45B
$2.94M 0.45%
+60,186
New +$2.87M
SJI
41
DELISTED
South Jersey Industries, Inc.
SJI
$2.89M 0.44%
81,207
+28,031
+53% +$968K
MPC icon
42
CALL
Marathon Petroleum
MPC
$91.2B
$2.62M 0.4%
22,500
-22,500
-50% -$2.56M
MIT
43
DELISTED
Mason Industrial Technology, Inc.
MIT
$2.59M 0.39%
+259,220
New +$2.57M
ABEV icon
44
Ambev
ABEV
$47.3B
$2.55M 0.39%
937,836
+262,800
+39% +$766K
PICC
45
DELISTED
Pivotal Investment Corporation III
PICC
$2.52M 0.38%
+249,450
New +$2.49M
RIVN icon
46
CALL
Rivian
RIVN
$24B
$2.43M 0.37%
132,000
+73,400
+125% +$2.16M
PMCB icon
47
PharmaCyte Biotech
PMCB
$6.23M
$2.15M 0.33%
732,105
+120,942
+20% +$346K
VMW
48
DELISTED
VMware, Inc
VMW
$2.13M 0.32%
17,348
– –
AG icon
49
CALL
First Majestic Silver
AG
$7.95B
$2.13M 0.32%
+255,000
New +$2.23M
BKLN icon
50
PUT
Invesco Senior Loan ETF
BKLN
$6.97B
$2.05M 0.31%
+100,000
New +$2.07M
1
2
3 4 5

Similar funds

KGI
Kopernik Global Investors Tampa, Florida $1.43B AUM 63.57% 1-Year Est. Return
SC
Styrax Capital New York $1.43B AUM 50.63% 1-Year Est. Return
WIM
Weitz Investment Management Omaha, Nebraska $1.43B AUM 0.51% 1-Year Est. Return
LCG
Luxor Capital Group New York $1.43B AUM 30.88% 1-Year Est. Return
CCM
Callodine Capital Management Boston, Massachusetts $1.43B AUM 8.74% 1-Year Est. Return
TS
Triglav Skladi Ljubljana, Slovenia $1.43B AUM 39.24% 1-Year Est. Return
SMA
Sage Mountain Advisors Atlanta, Georgia $1.43B AUM 16.47% 1-Year Est. Return
SCA
Stonebridge Capital Advisors St Paul, Minnesota $1.43B AUM 21.98% 1-Year Est. Return

K2 Principal Fund's Q4 2022 Portfolio in Review

As of Q4 2022, K2 Principal Fund held 370 positions worth $658M, down 24% from $871M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q4 2022, closing 126 positions and reducing 76 holdings. Its most notable exit was Rivian, an estimated $17.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 10% of assets, up from 8% a quarter earlier, followed by Healthcare and Energy.

Against the trend, K2 Principal Fund opened a new position in Scotiabank worth $19.5M.

  • K2 Principal Fund's largest Q4 2022 buy was Scotiabank: 397,554 shares worth $19.5M.
  • K2 Principal Fund added most to San Juan Basin Royalty Trust in Q4 2022, an estimated $6.12M increase.
  • K2 Principal Fund's biggest Q4 2022 reduction was CI Financial Corp., cutting an estimated $27.9M.
  • K2 Principal Fund fully exited Rivian in Q4 2022, selling an estimated $17.5M.
  • K2 Principal Fund's ten largest holdings make up 42% of its $658M portfolio in Q4 2022.
  • K2 Principal Fund opened 83 new positions and closed 126 in Q4 2022.
  • K2 Principal Fund's portfolio value fell 24% quarter-over-quarter to $658M.

Based on K2 Principal Fund's 13F filing for Q4 2022, filed 10 Feb 2023.