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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
-0.62%
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
$477M
AUM Growth
+$40.2M
Cap. Flow
-$122M
Cap. Flow %
-25.62%
Top 10 Hldgs %
32.85%
Holding
320
New
93
Increased
27
Reduced
48
Closed
94

Top Buys

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.4M
2
COOP
Mr. Cooper
COOP
+$7.77M
3
GMED icon
Globus Medical
GMED
+$3.92M
4
CVE icon
Cenovus Energy
CVE
+$3.82M
5
TSEM icon
Tower Semiconductor
TSEM
+$3.17M

Top Sells

Rank Stock Value
1
WRLD icon
World Acceptance Corp
WRLD
+$7.53M
2
NUVA
NuVasive, Inc.
NUVA
+$4.42M
3
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$3.33M
4
LSI
Life Storage, Inc.
LSI
+$3.09M
5
ILLM
illumin Holdings Inc. Common Shares
ILLM
+$2.86M

Sector Composition

Rank Sector Weight
1 Technology 6.54%
2 Healthcare 4.19%
3 Financials 3.85%
4 Energy 2.45%
5 Real Estate 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TFPM icon
26
Triple Flag Precious Metals
TFPM
$6.01B
$2.42M 0.51%
136,137
– –
UHAL.B icon
27
U-Haul Holding Co Series N
UHAL.B
$12.5B
$2.41M 0.5%
45,933
+19,085
+71% +$1.04M
HCVI
28
DELISTED
Hennessy Capital Investment Corp. VI Class A Common Stock
HCVI
$2.32M 0.49%
+225,000
New +$2.32M
VET icon
29
Vermilion Energy
VET
$1.63B
$2.31M 0.48%
+158,000
New +$2.22M
ABCM
30
DELISTED
Abcam PLC
ABCM
$2.26M 0.47%
+100,000
New +$2.3M
APCA
31
DELISTED
AP Acquisition Corp
APCA
$2.19M 0.46%
199,901
+179,028
+858% +$1.95M
GMED icon
32
CALL
Globus Medical
GMED
$10.7B
$2.18M 0.46%
+44,000
New +$2.46M
EVH icon
33
Evolent Health
EVH
$435M
$2.12M 0.44%
+77,857
New +$2.16M
SPTI icon
34
PUT
State Street SPDR Portfolio Intermediate Term Treasury ETF
SPTI
$10.5B
$2.06M 0.43%
+75,000
New +$2.1M
GDST
35
DELISTED
Goldenstone Acquisition Limited Common Stock
GDST
$2.03M 0.42%
+189,289
New +$2.02M
PLL
36
PUT
DELISTED
Piedmont Lithium
PLL
$2.02M 0.42%
51,000
+44,500
+685% +$2.16M
CTG
37
DELISTED
Computer Task Group, Inc.
CTG
$1.99M 0.42%
+192,168
New +$1.77M
CNQ icon
38
Canadian Natural Resources
CNQ
$93.7B
$1.94M 0.41%
+60,000
New +$1.83M
AY
39
CALL
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
$1.91M 0.4%
100,000
+20,900
+26% +$473K
SIMO icon
40
Silicon Motion
SIMO
$8.25B
$1.84M 0.39%
+36,000
New +$2.05M
MXL icon
41
CALL
MaxLinear
MXL
$5.94B
$1.78M 0.37%
+80,000
New +$2.03M
INTC icon
42
Intel
INTC
$466B
$1.78M 0.37%
50,000
– –
SAVE
43
DELISTED
Spirit Airlines, Inc.
SAVE
$1.67M 0.35%
101,489
-99,238
-49% -$1.69M
DECA
44
DELISTED
Denali Capital Acquisition Corp. Class A Ordinary Shares
DECA
$1.65M 0.35%
+150,600
New +$1.63M
PFSI icon
45
PennyMac Financial
PFSI
$4.37B
$1.64M 0.34%
24,644
-31,729
-56% -$2.28M
GDXJ icon
46
PUT
VanEck Junior Gold Miners ETF
GDXJ
$7.15B
$1.61M 0.34%
+50,000
New +$1.77M
OKLO
47
Oklo
OKLO
$7.24B
$1.48M 0.31%
+142,777
New +$1.48M
TPR icon
48
PUT
Tapestry
TPR
$29.6B
$1.44M 0.3%
+50,000
New +$1.83M
MPC icon
49
Marathon Petroleum
MPC
$91.2B
$1.34M 0.28%
+8,844
New +$1.23M
CPRI icon
50
PUT
Capri Holdings
CPRI
$1.82B
$1.31M 0.27%
+24,900
New +$1.13M
1
2
3 4 5

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K2 Principal Fund's Q3 2023 Portfolio in Review

As of Q3 2023, K2 Principal Fund held 320 positions worth $477M, up 9.2% from $437M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

K2 Principal Fund withdrew a net $122M in Q3 2023, closing 94 positions and reducing 48 holdings. Its most notable exit was World Acceptance Corp, an estimated $7.53M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 5.6% a quarter earlier, followed by Healthcare and Financials.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $7.57M.

  • K2 Principal Fund's largest Q3 2023 buy was Mr. Cooper: 141,363 shares worth $7.57M.
  • K2 Principal Fund added most to ARS Pharmaceuticals in Q3 2023, an estimated $8.4M increase.
  • K2 Principal Fund's biggest Q3 2023 reduction was PennyMac Mortgage Investment, cutting an estimated $2.73M.
  • K2 Principal Fund fully exited World Acceptance Corp in Q3 2023, selling an estimated $7.53M.
  • K2 Principal Fund's ten largest holdings make up 33% of its $477M portfolio in Q3 2023.
  • K2 Principal Fund opened 93 new positions and closed 94 in Q3 2023.
  • K2 Principal Fund's portfolio value rose 9.2% quarter-over-quarter to $477M.

Based on K2 Principal Fund's 13F filing for Q3 2023, filed 13 Nov 2023.