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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
+1.55%
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
$695M
AUM Growth
+$157M
Cap. Flow
-$235M
Cap. Flow %
-33.78%
Top 10 Hldgs %
21.92%
Holding
353
New
106
Increased
32
Reduced
41
Closed
90

Top Buys

Rank Stock Value
1
VACHU
Voyager Acquisition Corp Unit
VACHU
+$10.4M
2
HONDU
HCM II Acquisition Corp Unit
HONDU
+$7.74M
3
VCICU
Vine Hill Capital Investment Corp Unit
VCICU
+$7.25M
4
PMT
PennyMac Mortgage Investment
PMT
+$5.71M
5
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$5.4M

Top Sells

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$27.9M
2
ALFUU
Centurion Acquisition Corp Unit
ALFUU
+$6.39M
3
CUBWU
Lionheart Holdings Unit
CUBWU
+$4.79M
4
SRG
Seritage Growth Properties
SRG
+$4.61M
5
CORZ icon
Core Scientific
CORZ
+$4.45M

Sector Composition

Rank Sector Weight
1 Technology 4.14%
2 Financials 3.19%
3 Energy 2.1%
4 Healthcare 1.71%
5 Consumer Discretionary 1.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AEM icon
26
CALL
Agnico Eagle Mines
AEM
$73.1B
$3.54M 0.51%
+43,900
New +$3.4M
GLD icon
27
SPDR Gold Trust
GLD
$132B
$3.23M 0.47%
+13,300
New +$3.05M
CORZW icon
28
Core Scientific Inc Tranche 1 Warrants
CORZW
$1.37B
$3.04M 0.44%
+452,753
New +$2.5M
CFFS
29
DELISTED
CF Acquisition Corp. VII Class A Common Stock
CFFS
$2.88M 0.42%
+259,800
New +$2.86M
TFII icon
30
TFI International
TFII
$11.9B
$2.71M 0.39%
19,812
-12,875
-39% -$1.9M
SOC icon
31
CALL
Sable Offshore Corp
SOC
$847M
$2.71M 0.39%
+114,700
New +$2.06M
SWN
32
DELISTED
Southwestern Energy Company
SWN
$2.69M 0.39%
377,753
+346,677
+1,116% +$2.24M
NVDA icon
33
PUT
NVIDIA
NVDA
$4.79T
$2.43M 0.35%
+20,000
New +$2.36M
VOO icon
34
CALL
Vanguard S&P 500 ETF
VOO
$969B
$2.37M 0.34%
4,500
-18,000
-80% -$9.15M
CLF icon
35
Cleveland-Cliffs
CLF
$6.82B
$2.36M 0.34%
185,000
+169,300
+1,078% +$2.3M
INTC icon
36
Intel
INTC
$465B
$2.35M 0.34%
100,000
-35,000
-26% -$874K
MODV
37
DELISTED
ModivCare
MODV
$2.27M 0.33%
158,820
+31,334
+25% +$719K
XLE icon
38
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39B
$2.19M 0.32%
+50,000
New +$2.24M
BTU icon
39
CALL
Peabody Energy
BTU
$2.8B
$2.19M 0.32%
+82,500
New +$1.88M
SLV icon
40
CALL
iShares Silver Trust
SLV
$28.2B
$2.13M 0.31%
+75,000
New +$2.02M
GATO
41
DELISTED
Gatos Silver, Inc.
GATO
$2.04M 0.29%
+135,060
New +$1.73M
SLV icon
42
iShares Silver Trust
SLV
$28.2B
$1.99M 0.29%
+70,000
New +$1.88M
NXPI icon
43
NXP Semiconductors
NXPI
$67.7B
$1.92M 0.28%
8,020
+2,058
+35% +$516K
VST icon
44
Vistra
VST
$52.6B
$1.9M 0.27%
16,000
+4,546
+40% +$386K
UBER icon
45
Uber
UBER
$138B
$1.88M 0.27%
+24,988
New +$1.76M
DIS icon
46
Walt Disney
DIS
$168B
$1.88M 0.27%
+19,500
New +$1.79M
X
47
CALL
DELISTED
US Steel
X
$1.85M 0.27%
+52,500
New +$2M
CLF icon
48
CALL
Cleveland-Cliffs
CLF
$6.82B
$1.85M 0.27%
+145,000
New +$1.97M
TLGY
49
DELISTED
TLGY Acquisition Corporation Class A Ordinary Share
TLGY
$1.83M 0.26%
158,685
+58,420
+58% +$671K
BFAC
50
DELISTED
Battery Future Acquisition Corp.
BFAC
$1.82M 0.26%
164,440
-35,463
-18% -$393K
1
2
3 4 5

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K2 Principal Fund's Q3 2024 Portfolio in Review

As of Q3 2024, K2 Principal Fund held 353 positions worth $695M, up 29% from $538M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

K2 Principal Fund withdrew a net $235M in Q3 2024, closing 90 positions and reducing 41 holdings. Its most notable exit was Centurion Acquisition Corp Unit, an estimated $6.39M position sold in full.

By sector, the portfolio is most concentrated in Technology at 4.1% of assets, down from 6.5% a quarter earlier, followed by Financials and Energy.

Against the trend, K2 Principal Fund opened a new position in Voyager Acquisition Corp Unit worth $10.4M.

  • K2 Principal Fund's largest Q3 2024 buy was Voyager Acquisition Corp Unit: 1,042,400 shares worth $10.4M.
  • K2 Principal Fund added most to iTeos Therapeutics in Q3 2024, an estimated $4.24M increase.
  • K2 Principal Fund's biggest Q3 2024 reduction was ARS Pharmaceuticals, cutting an estimated $27.9M.
  • K2 Principal Fund fully exited Centurion Acquisition Corp Unit in Q3 2024, selling an estimated $6.39M.
  • K2 Principal Fund's ten largest holdings make up 22% of its $695M portfolio in Q3 2024.
  • K2 Principal Fund opened 106 new positions and closed 90 in Q3 2024.
  • K2 Principal Fund's portfolio value rose 29% quarter-over-quarter to $695M.

Based on K2 Principal Fund's 13F filing for Q3 2024, filed 15 Nov 2024.