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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
+9.1%
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
$901M
AUM Growth
+$206M
Cap. Flow
-$198M
Cap. Flow %
-21.99%
Top 10 Hldgs %
20.65%
Holding
406
New
128
Increased
42
Reduced
35
Closed
102

Top Buys

Rank Stock Value
1
WLAC
Willow Lane Acquisition Corp
WLAC
+$9.24M
2
DYNC
Dynamix Corp
DYNC
+$8.53M
3
MLACU
Mountain Lake Acquisition Corp Units
MLACU
+$7.5M
4
TDACU
Translational Development Acquisition Corp Units
TDACU
+$6.76M
5
SEI
Solaris Energy Infrastructure
SEI
+$6.13M

Top Sells

Rank Stock Value
1
VACHU
Voyager Acquisition Corp Unit
VACHU
+$10.4M
2
HONDU
HCM II Acquisition Corp Unit
HONDU
+$7.76M
3
VCICU
Vine Hill Capital Investment Corp Unit
VCICU
+$7.25M
4
PMT
PennyMac Mortgage Investment
PMT
+$5.84M
5
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$5.4M

Sector Composition

Rank Sector Weight
1 Financials 4.72%
2 Technology 2.72%
3 Energy 2.11%
4 Communication Services 1.71%
5 Consumer Discretionary 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RTX icon
26
PUT
RTX Corp
RTX
$294B
$4.63M 0.51%
+40,000
New +$4.83M
LOW icon
27
PUT
Lowe's Companies
LOW
$119B
$4.2M 0.47%
+17,000
New +$4.54M
NLOP
28
Net Lease Office Properties
NLOP
$171M
$4.19M 0.47%
134,275
+13,788
+11% +$429K
SRG
29
Seritage Growth Properties
SRG
$133M
$4.12M 0.46%
+1,000,000
New +$4.31M
HCP
30
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
$4.11M 0.46%
120,114
+2,163
+2% +$73.3K
DRDBU
31
Roman DBDR Acquisition Corp II Unit
DRDBU
$4.06M 0.45%
+407,190
New +$4.05M
CORZW icon
32
Core Scientific Inc Tranche 1 Warrants
CORZW
$1.39B
$3.42M 0.38%
415,495
-37,258
-8% -$337K
TSM icon
33
CALL
TSMC
TSM
$2.07T
$3.16M 0.35%
+16,000
New +$3.1M
SPHR icon
34
CALL
Sphere Entertainment
SPHR
$5.01B
$3.02M 0.34%
75,000
+60,000
+400% +$2.51M
X
35
CALL
DELISTED
US Steel
X
$2.97M 0.33%
87,500
+35,000
+67% +$1.29M
AMZN icon
36
Amazon
AMZN
$2.49T
$2.92M 0.32%
13,321
-8,798
-40% -$1.8M
CHRW icon
37
CALL
C.H. Robinson
CHRW
$20.6B
$2.84M 0.32%
+27,500
New +$2.96M
GLD icon
38
SPDR Gold Trust
GLD
$132B
$2.7M 0.3%
11,145
-2,155
-16% -$530K
FACT
39
FACT II Acquisition Corp
FACT
$259M
$2.54M 0.28%
+257,500
New +$2.54M
PAR icon
40
PUT
PAR Technology
PAR
$682M
$2.54M 0.28%
+35,000
New +$2.39M
B
41
DELISTED
Barnes Group Inc.
B
$2.52M 0.28%
+53,330
New +$2.48M
FCX icon
42
PUT
Freeport-McMoran
FCX
$90.2B
$2.48M 0.27%
+65,000
New +$2.91M
FYBR
43
DELISTED
Frontier Communications
FYBR
$2.47M 0.27%
+71,074
New +$2.49M
LMT icon
44
PUT
Lockheed Martin
LMT
$134B
$2.43M 0.27%
+5,000
New +$2.73M
KD icon
45
CALL
Kyndryl
KD
$2.81B
$2.42M 0.27%
+70,000
New +$2.04M
IONQ.WS
46
IonQ Inc Warrants
IONQ.WS
$5.83B
$2.42M 0.27%
+79,438
New +$1.18M
DIS icon
47
Walt Disney
DIS
$168B
$2.37M 0.26%
21,254
+1,754
+9% +$184K
RGLD icon
48
CALL
Royal Gold
RGLD
$17.1B
$2.33M 0.26%
+17,700
New +$2.55M
PDS
49
Precision Drilling
PDS
$1.04B
$2.29M 0.25%
+37,446
New +$2.3M
PLTR icon
50
PUT
Palantir
PLTR
$315B
$2.27M 0.25%
+30,000
New +$1.75M
1
2
3 4 5

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K2 Principal Fund's Q4 2024 Portfolio in Review

As of Q4 2024, K2 Principal Fund held 406 positions worth $901M, up 30% from $695M the previous quarter. Its ten largest holdings account for 21% of the portfolio.

K2 Principal Fund withdrew a net $198M in Q4 2024, closing 102 positions and reducing 35 holdings. Its most notable exit was Voyager Acquisition Corp Unit, an estimated $10.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.7% of assets, up from 3.2% a quarter earlier, followed by Technology and Energy.

Against the trend, K2 Principal Fund opened a new position in Willow Lane Acquisition Corp worth $9.24M.

  • K2 Principal Fund's largest Q4 2024 buy was Willow Lane Acquisition Corp: 933,888 shares worth $9.24M.
  • K2 Principal Fund added most to Alphabet (Google) Class C in Q4 2024, an estimated $3.01M increase.
  • K2 Principal Fund's biggest Q4 2024 reduction was Presidio Production Co, cutting an estimated $2.6M.
  • K2 Principal Fund fully exited Voyager Acquisition Corp Unit in Q4 2024, selling an estimated $10.4M.
  • K2 Principal Fund's ten largest holdings make up 21% of its $901M portfolio in Q4 2024.
  • K2 Principal Fund opened 128 new positions and closed 102 in Q4 2024.
  • K2 Principal Fund's portfolio value rose 30% quarter-over-quarter to $901M.

Based on K2 Principal Fund's 13F filing for Q4 2024, filed 14 Feb 2025.