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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
+2.96%
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
$437M
AUM Growth
-$289M
Cap. Flow
-$451M
Cap. Flow %
-103.14%
Top 10 Hldgs %
29.71%
Holding
349
New
84
Increased
25
Reduced
62
Closed
127

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$5.46M
2
WRLD icon
World Acceptance Corp
WRLD
+$4.62M
3
PFSI icon
PennyMac Financial
PFSI
+$3.57M
4
NUVA
NuVasive, Inc.
NUVA
+$2.9M
5
UHAL icon
U-Haul Holding Co
UHAL
+$2.22M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$10.5M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$9.44M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.96M
4
PMT
PennyMac Mortgage Investment
PMT
+$7.59M
5
AUY
Yamana Gold, Inc.
AUY
+$7.09M

Sector Composition

Rank Sector Weight
1 Financials 6.76%
2 Technology 5.6%
3 Healthcare 3.73%
4 Real Estate 3.63%
5 Industrials 3.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PMT
26
PennyMac Mortgage Investment
PMT
$839M
$2.96M 0.68%
219,215
-620,318
-74% -$7.59M
ILLM
27
DELISTED
illumin Holdings Inc. Common Shares
ILLM
$2.86M 0.66%
1,684,619
-1,079,565
-39% -$1.73M
SRG
28
CALL
Seritage Growth Properties
SRG
$133M
$2.68M 0.61%
301,000
+251,000
+502% +$2.01M
NATI
29
DELISTED
National Instruments Corp
NATI
$2.6M 0.6%
45,364
-25,097
-36% -$1.44M
TFPM icon
30
Triple Flag Precious Metals
TFPM
$6B
$2.48M 0.57%
136,137
+36,400
+36% +$548K
STLD icon
31
CALL
Steel Dynamics
STLD
$36.1B
$2.45M 0.56%
+22,500
New +$2.29M
DKNG icon
32
DraftKings
DKNG
$12B
$2.26M 0.52%
+84,899
New +$1.96M
BYNO
33
DELISTED
byNordic Acquisition Corporation Class A Common Stock
BYNO
$2.19M 0.5%
+206,562
New +$2.17M
UHAL icon
34
U-Haul Holding Co
UHAL
$14.3B
$2.09M 0.48%
+37,762
New +$2.22M
AY
35
CALL
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
$1.85M 0.42%
79,100
-25,000
-24% -$642K
DHI icon
36
CALL
D.R. Horton
DHI
$41.3B
$1.83M 0.42%
+15,000
New +$1.64M
SPRY icon
37
PUT
ARS Pharmaceuticals
SPRY
$572M
$1.77M 0.41%
264,400
+152,800
+137% +$1.02M
EQR icon
38
CALL
Equity Residential
EQR
$25.2B
$1.72M 0.39%
+26,000
New +$1.62M
INTC icon
39
Intel
INTC
$462B
$1.67M 0.38%
+50,000
New +$1.57M
KOLD icon
40
PUT
ProShares UltraShort Bloomberg Natural Gas
KOLD
$115M
$1.66M 0.38%
+60,000
New +$2.17M
PTON icon
41
CALL
Peloton Interactive
PTON
$2.71B
$1.63M 0.37%
212,000
-190,400
-47% -$1.62M
DLR icon
42
CALL
Digital Realty Trust
DLR
$72.4B
$1.59M 0.36%
+14,000
New +$1.39M
HTZ icon
43
CALL
Hertz
HTZ
$632M
$1.59M 0.36%
86,300
-181,800
-68% -$2.98M
HZNP
44
DELISTED
Horizon Therapeutics Public Limited Company Ordinary Shares
HZNP
$1.49M 0.34%
14,500
-5,800
-29% -$612K
MITA
45
DELISTED
Coliseum Acquisition Corp. Class A Ordinary Share
MITA
$1.46M 0.33%
+139,922
New +$1.44M
CNH
46
CALL
CNH Industrial
CNH
$13.7B
$1.44M 0.33%
100,000
– –
SYF icon
47
Synchrony
SYF
$24.5B
$1.36M 0.31%
+40,135
New +$1.23M
UHAL.B icon
48
U-Haul Holding Co Series N
UHAL.B
$12.5B
$1.36M 0.31%
+26,848
New +$1.41M
WRLD icon
49
CALL
World Acceptance Corp
WRLD
$909M
$1.34M 0.31%
+10,000
New +$1.08M
CVX icon
50
Chevron
CVX
$378B
$1.33M 0.31%
+8,482
New +$1.36M
1
2
3 4 5

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K2 Principal Fund's Q2 2023 Portfolio in Review

As of Q2 2023, K2 Principal Fund held 349 positions worth $437M, down 40% from $727M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

K2 Principal Fund withdrew a net $451M in Q2 2023, closing 127 positions and reducing 62 holdings. Its most notable exit was Mr. Cooper, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.8% of assets, up from 6% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in PennyMac Financial worth $3.96M.

  • K2 Principal Fund's largest Q2 2023 buy was PennyMac Financial: 56,373 shares worth $3.96M.
  • K2 Principal Fund added most to Activision Blizzard in Q2 2023, an estimated $5.46M increase.
  • K2 Principal Fund's biggest Q2 2023 reduction was ARS Pharmaceuticals, cutting an estimated $9.44M.
  • K2 Principal Fund fully exited Mr. Cooper in Q2 2023, selling an estimated $10.5M.
  • K2 Principal Fund's ten largest holdings make up 30% of its $437M portfolio in Q2 2023.
  • K2 Principal Fund opened 84 new positions and closed 127 in Q2 2023.
  • K2 Principal Fund's portfolio value fell 40% quarter-over-quarter to $437M.

Based on K2 Principal Fund's 13F filing for Q2 2023, filed 15 Aug 2023.