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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
+4.79%
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
$785M
AUM Growth
+$308M
Cap. Flow
-$1.15M
Cap. Flow %
-0.15%
Top 10 Hldgs %
37.08%
Holding
337
New
107
Increased
33
Reduced
35
Closed
107

Top Buys

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$8.17M
2
IVCB
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
+$3.6M
3
TXNM
TXNM Energy Inc
TXNM
+$3.43M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.39M
5
PXD
Pioneer Natural Resource Co.
PXD
+$3.12M

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$9.83M
2
VMW
VMware, Inc
VMW
+$6.21M
3
CVE icon
Cenovus Energy
CVE
+$4.16M
4
GMED icon
Globus Medical
GMED
+$3.48M
5
NATI
National Instruments Corp
NATI
+$3.35M

Sector Composition

Rank Sector Weight
1 Financials 8.26%
2 Healthcare 2.22%
3 Technology 1.63%
4 Energy 1.34%
5 Consumer Discretionary 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AIV
26
Aimco
AIV
$377M
$4.02M 0.51%
513,684
– –
W icon
27
CALL
Wayfair
W
$12.5B
$3.79M 0.48%
+61,500
New +$3.21M
TLT icon
28
iShares 20+ Year Treasury Bond ETF
TLT
$42.8B
$3.71M 0.47%
+37,548
New +$3.39M
RGLD icon
29
CALL
Royal Gold
RGLD
$17.1B
$3.63M 0.46%
+30,000
New +$3.39M
IVCB
30
DELISTED
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
$3.62M 0.46%
+328,498
New +$3.6M
GRAB icon
31
Grab
GRAB
$13.7B
$3.55M 0.45%
1,054,157
+106,279
+11% +$344K
SPRY icon
32
CALL
ARS Pharmaceuticals
SPRY
$572M
$3.52M 0.45%
643,100
-45,800
-7% -$201K
TXNM
33
TXNM Energy Inc
TXNM
$6.44B
$3.33M 0.42%
+80,000
New +$3.43M
STLD icon
34
CALL
Steel Dynamics
STLD
$36.1B
$3.31M 0.42%
+28,000
New +$3.12M
TRP icon
35
TC Energy
TRP
$71.2B
$3.13M 0.4%
+80,000
New +$2.92M
RGLD icon
36
Royal Gold
RGLD
$17.1B
$3.1M 0.39%
+25,593
New +$2.89M
PXD
37
DELISTED
Pioneer Natural Resource Co.
PXD
$3M 0.38%
+13,323
New +$3.12M
GLST
38
DELISTED
Global Star Acquisition, Inc. Class A Common Stock
GLST
$2.88M 0.37%
+272,299
New +$2.9M
DMYY
39
DELISTED
dMY Squared
DMYY
$2.76M 0.35%
+260,156
New +$2.75M
DSAQ
40
DELISTED
Direct Selling Acquisition Corp.
DSAQ
$2.72M 0.35%
+250,000
New +$2.72M
BZAI
41
Blaize Holdings
BZAI
$124M
$2.71M 0.35%
+252,937
New +$2.69M
GHIX
42
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$2.62M 0.33%
+249,955
New +$2.61M
HES
43
DELISTED
Hess
HES
$2.62M 0.33%
+18,149
New +$2.66M
TRIS
44
DELISTED
Tristar Acquisition I Corp.
TRIS
$2.6M 0.33%
+241,133
New +$2.6M
SLV icon
45
iShares Silver Trust
SLV
$28.3B
$2.53M 0.32%
+116,250
New +$2.47M
DHI icon
46
D.R. Horton
DHI
$41.3B
$2.45M 0.31%
+16,100
New +$1.98M
TFPM icon
47
Triple Flag Precious Metals
TFPM
$6B
$2.4M 0.31%
136,137
– –
BB icon
48
PUT
BlackBerry
BB
$4.93B
$2.3M 0.29%
+650,000
New +$2.44M
FNV icon
49
PUT
Franco-Nevada
FNV
$41.4B
$2.22M 0.28%
20,000
+15,000
+300% +$1.82M
IVCA
50
DELISTED
Investcorp India Acquisition Corp
IVCA
$2.2M 0.28%
+200,027
New +$2.18M
1
2
3 4 5

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K2 Principal Fund's Q4 2023 Portfolio in Review

As of Q4 2023, K2 Principal Fund held 337 positions worth $785M, up 64% from $477M the previous quarter. Its ten largest holdings account for 37% of the portfolio.

K2 Principal Fund's Q4 2023 filing shows 107 new, 33 increased, 35 reduced and 107 closed positions. Its largest new stake was Investcorp Europe Acquisition Corp I Class A Ordinary Shares: 328,498 shares worth $3.62M. The largest sale was Activision Blizzard, an estimated $9.83M.

By sector, the portfolio is most concentrated in Financials at 8.3% of assets, up from 3.8% a quarter earlier, followed by Healthcare and Technology.

  • K2 Principal Fund's largest Q4 2023 buy was Investcorp Europe Acquisition Corp I Class A Ordinary Shares: 328,498 shares worth $3.62M.
  • K2 Principal Fund added most to Mr. Cooper in Q4 2023, an estimated $8.17M increase.
  • K2 Principal Fund's biggest Q4 2023 reduction was U-Haul Holding Co Series N, cutting an estimated $2.02M.
  • K2 Principal Fund fully exited Activision Blizzard in Q4 2023, selling an estimated $9.83M.
  • K2 Principal Fund's ten largest holdings make up 37% of its $785M portfolio in Q4 2023.
  • K2 Principal Fund opened 107 new positions and closed 107 in Q4 2023.
  • K2 Principal Fund's portfolio value rose 64% quarter-over-quarter to $785M.

Based on K2 Principal Fund's 13F filing for Q4 2023, filed 14 Feb 2024.