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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
+1.82%
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
$538M
AUM Growth
-$41.2M
Cap. Flow
-$265M
Cap. Flow %
-49.32%
Top 10 Hldgs %
27.81%
Holding
341
New
99
Increased
35
Reduced
34
Closed
113

Top Buys

Rank Stock Value
1
ALFUU
Centurion Acquisition Corp Unit
ALFUU
+$6.4M
2
CUBWU
Lionheart Holdings Unit
CUBWU
+$4.8M
3
SRG
Seritage Growth Properties
SRG
+$3.53M
4
ITOS
iTeos Therapeutics
ITOS
+$3.4M
5
MODV
ModivCare
MODV
+$3.23M

Top Sells

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$6.34M
2
COOP
Mr. Cooper
COOP
+$5.41M
3
BITO icon
ProShares Bitcoin Strategy ETF
BITO
+$4.2M
4
TFPM icon
Triple Flag Precious Metals
TFPM
+$3.56M
5
GRAB icon
Grab
GRAB
+$3.15M

Sector Composition

Rank Sector Weight
1 Financials 6.72%
2 Technology 6.45%
3 Healthcare 5.76%
4 Materials 1.96%
5 Industrials 1.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SRG
26
CALL
Seritage Growth Properties
SRG
$130M
$2.69M 0.5%
576,700
-397,400
-41% -$2.88M
CORZZ icon
27
Core Scientific Inc Tranche 2 Warrants
CORZZ
$1.86B
$2.65M 0.49%
+304,493
New +$1.16M
VFC icon
28
VF Corp
VFC
$6.68B
$2.57M 0.48%
190,620
+170,620
+853% +$2.24M
EMCG
29
DELISTED
Embrace Change Acquisition Corp
EMCG
$2.55M 0.47%
+226,953
New +$2.55M
ACA icon
30
CALL
Arcosa
ACA
$7.12B
$2.5M 0.47%
+30,000
New +$2.5M
TRTL
31
DELISTED
TortoiseEcofin Acquisition Corp. III
TRTL
$2.27M 0.42%
208,211
+178,319
+597% +$1.93M
CNTM
32
DELISTED
ConnectM Technology Solutions, Inc. Common Stock
CNTM
$2.26M 0.42%
+200,199
New +$2.25M
AVGO icon
33
Broadcom
AVGO
$1.82T
$2.25M 0.42%
14,000
-500
-3% -$70.1K
MNTN
34
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$2.25M 0.42%
+199,801
New +$2.25M
BFAC
35
DELISTED
Battery Future Acquisition Corp.
BFAC
$2.21M 0.41%
+199,903
New +$2.21M
ERO icon
36
PUT
Ero Copper
ERO
$2.71B
$2.14M 0.4%
+100,000
New +$2.1M
CHEB.U
37
DELISTED
Chenghe Acquisition II Co. Units, each consisting of one Class A ordinary share and one-half of one redeemable warrant
CHEB.U
$2.08M 0.39%
+208,133
New +$2.08M
PM icon
38
CALL
Philip Morris
PM
$301B
$2.03M 0.38%
+20,000
New +$1.96M
HAYN
39
DELISTED
Haynes International, Inc.
HAYN
$1.99M 0.37%
+33,884
New +$2.01M
COOP
40
DELISTED
Mr. Cooper
COOP
$1.88M 0.35%
23,172
-67,301
-74% -$5.41M
CTLT
41
DELISTED
CATALENT, INC.
CTLT
$1.86M 0.35%
+33,048
New +$1.84M
IVCB
42
DELISTED
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
$1.85M 0.34%
+163,006
New +$1.85M
MKSI icon
43
MKS Inc
MKSI
$22.2B
$1.81M 0.34%
13,840
+6,740
+95% +$851K
AQN icon
44
CALL
Algonquin Power & Utilities
AQN
$4.69B
$1.76M 0.33%
+300,000
New +$1.86M
FRLA
45
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$1.74M 0.32%
154,990
+54,991
+55% +$617K
EVGR
46
DELISTED
Evergreen Corporation Class A Ordinary Share
EVGR
$1.67M 0.31%
+145,879
New +$1.66M
AEM icon
47
PUT
Agnico Eagle Mines
AEM
$72.6B
$1.64M 0.3%
+25,000
New +$1.63M
NXPI icon
48
NXP Semiconductors
NXPI
$68B
$1.6M 0.3%
+5,962
New +$1.54M
BUJA
49
DELISTED
Bukit Jalil Global Acquisition 1
BUJA
$1.6M 0.3%
+150,000
New +$1.59M
FORL
50
DELISTED
Four Leaf Acquisition Corp
FORL
$1.59M 0.3%
+145,306
New +$1.58M
1
2
3 4 5

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K2 Principal Fund's Q2 2024 Portfolio in Review

As of Q2 2024, K2 Principal Fund held 341 positions worth $538M, down 7.1% from $579M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

K2 Principal Fund withdrew a net $265M in Q2 2024, closing 113 positions and reducing 34 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $6.34M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.7% of assets, down from 7.8% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Centurion Acquisition Corp Unit worth $6.39M.

  • K2 Principal Fund's largest Q2 2024 buy was Centurion Acquisition Corp Unit: 639,378 shares worth $6.39M.
  • K2 Principal Fund added most to Seritage Growth Properties in Q2 2024, an estimated $3.53M increase.
  • K2 Principal Fund's biggest Q2 2024 reduction was Mr. Cooper, cutting an estimated $5.41M.
  • K2 Principal Fund fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $6.34M.
  • K2 Principal Fund's ten largest holdings make up 28% of its $538M portfolio in Q2 2024.
  • K2 Principal Fund opened 99 new positions and closed 113 in Q2 2024.
  • K2 Principal Fund's portfolio value fell 7.1% quarter-over-quarter to $538M.

Based on K2 Principal Fund's 13F filing for Q2 2024, filed 14 Aug 2024.