We are live on ! Find out more
KPF

K2 Principal Fund Portfolio holdings

AUM $1.43B
1-Year Est. Return 29.56%
This Fund
S&P 500
This Quarter Est. Return
+0.32%
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
$788M
AUM Growth
-$112M
Cap. Flow
-$447M
Cap. Flow %
-56.71%
Top 10 Hldgs %
19.01%
Holding
417
New
101
Increased
38
Reduced
59
Closed
100

Top Buys

Rank Stock Value
1
GLD icon
SPDR Gold Trust
GLD
+$14.3M
2
HVII
Hennessy Capital Investment Corp VII
HVII
+$10.3M
3
SPRY icon
ARS Pharmaceuticals
SPRY
+$5.84M
4
FSLR icon
First Solar
FSLR
+$5.33M
5
CEPO
Cantor Equity Partners I
CEPO
+$3.66M

Top Sells

Rank Stock Value
1
IAU icon
iShares Gold Trust
IAU
+$12.4M
2
DYNC
Dynamix Corp
DYNC
+$8.17M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$7.7M
4
MLACU
Mountain Lake Acquisition Corp Units
MLACU
+$7.51M
5
TDACU
Translational Development Acquisition Corp Units
TDACU
+$6.76M

Sector Composition

Rank Sector Weight
1 Financials 6.07%
2 Energy 2.45%
3 Technology 2.17%
4 Healthcare 1.15%
5 Real Estate 1.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SRG
26
Seritage Growth Properties
SRG
$129M
$3.2M 0.41%
991,196
-8,804
-0.9% -$32.2K
SLV icon
27
iShares Silver Trust
SLV
$27.6B
$3.18M 0.4%
+102,700
New +$2.98M
IJR icon
28
PUT
iShares Core S&P Small-Cap ETF
IJR
$110B
$3.14M 0.4%
+30,000
New +$3.39M
NHICU
29
NewHold Investment Corp III Units
NHICU
$3.13M 0.4%
+311,335
New +$3.13M
OMC icon
30
PUT
Omnicom Group
OMC
$24.6B
$3.07M 0.39%
+37,000
New +$3.09M
PDS
31
Precision Drilling
PDS
$1.01B
$2.86M 0.36%
61,446
+24,000
+64% +$1.31M
IBIT icon
32
CALL
iShares Bitcoin Trust
IBIT
$47.4B
$2.81M 0.36%
+60,000
New +$3.18M
FNV icon
33
CALL
Franco-Nevada
FNV
$40.6B
$2.76M 0.35%
17,500
-500
-3% -$70K
AMZN icon
34
Amazon
AMZN
$2.48T
$2.73M 0.35%
14,372
+1,051
+8% +$228K
HLT icon
35
CALL
Hilton Worldwide
HLT
$73.4B
$2.73M 0.35%
+12,000
New +$2.99M
DOO
36
PUT
Bombardier Recreational Products
DOO
$4.58B
$2.7M 0.34%
+80,000
New +$3.52M
FYBR
37
DELISTED
Frontier Communications
FYBR
$2.55M 0.32%
71,074
– –
LOKVU
38
DELISTED
Live Oak Acquisition Corp V Units
LOKVU
$2.52M 0.32%
+250,000
New +$2.51M
UBER icon
39
Uber
UBER
$144B
$2.51M 0.32%
+34,430
New +$2.48M
CIEN icon
40
CALL
Ciena
CIEN
$49.6B
$2.42M 0.31%
40,000
-20,000
-33% -$1.58M
WDC icon
41
Western Digital
WDC
$160B
$2.4M 0.3%
+59,279
New +$2.81M
ABNB icon
42
PUT
Airbnb
ABNB
$90.9B
$2.39M 0.3%
+20,000
New +$2.68M
CVNA icon
43
CALL
Carvana
CVNA
$47.3B
$2.3M 0.29%
+55,000
New +$2.43M
AAPL icon
44
PUT
Apple
AAPL
$4.99T
$2.22M 0.28%
+10,000
New +$2.32M
SKGR
45
DELISTED
SK Growth Opportunities Corporation Class A Common Stock
SKGR
$2.11M 0.27%
172,857
-11,514
-6% -$135K
OACC
46
Oaktree Acquisition Corp III Life Sciences
OACC
$264M
$2M 0.25%
195,292
– –
PLMK
47
Plum Acquisition Corp IV
PLMK
$257M
$1.96M 0.25%
+195,699
New +$1.96M
FNV icon
48
Franco-Nevada
FNV
$40.6B
$1.89M 0.24%
+12,000
New +$1.68M
AIQ icon
49
PUT
Global X Artificial Intelligence & Technology ETF
AIQ
$9.09B
$1.82M 0.23%
+50,000
New +$1.97M
FTW
50
Presidio Production Co
FTW
$336M
$1.77M 0.22%
174,421
– –
1
2
3 4 5

Similar funds

KGI
Kopernik Global Investors Tampa, Florida $1.43B AUM 63.57% 1-Year Est. Return
SC
Styrax Capital New York $1.43B AUM 50.63% 1-Year Est. Return
WIM
Weitz Investment Management Omaha, Nebraska $1.43B AUM 0.51% 1-Year Est. Return
LCG
Luxor Capital Group New York $1.43B AUM 30.88% 1-Year Est. Return
CCM
Callodine Capital Management Boston, Massachusetts $1.43B AUM 8.74% 1-Year Est. Return
TS
Triglav Skladi Ljubljana, Slovenia $1.43B AUM 39.24% 1-Year Est. Return
SMA
Sage Mountain Advisors Atlanta, Georgia $1.43B AUM 16.47% 1-Year Est. Return
SCA
Stonebridge Capital Advisors St Paul, Minnesota $1.43B AUM 21.98% 1-Year Est. Return

K2 Principal Fund's Q1 2025 Portfolio in Review

As of Q1 2025, K2 Principal Fund held 417 positions worth $788M, down 12% from $901M the previous quarter. Its ten largest holdings account for 19% of the portfolio.

K2 Principal Fund withdrew a net $447M in Q1 2025, closing 100 positions and reducing 59 holdings. Its most notable exit was iShares Gold Trust, an estimated $12.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.1% of assets, up from 4.7% a quarter earlier, followed by Energy and Technology.

Against the trend, K2 Principal Fund opened a new position in Hennessy Capital Investment Corp VII worth $10.4M.

  • K2 Principal Fund's largest Q1 2025 buy was Hennessy Capital Investment Corp VII: 1,049,683 shares worth $10.4M.
  • K2 Principal Fund added most to SPDR Gold Trust in Q1 2025, an estimated $14.3M increase.
  • K2 Principal Fund's biggest Q1 2025 reduction was Dynamix Corp, cutting an estimated $8.17M.
  • K2 Principal Fund fully exited iShares Gold Trust in Q1 2025, selling an estimated $12.4M.
  • K2 Principal Fund's ten largest holdings make up 19% of its $788M portfolio in Q1 2025.
  • K2 Principal Fund opened 101 new positions and closed 100 in Q1 2025.
  • K2 Principal Fund's portfolio value fell 12% quarter-over-quarter to $788M.

Based on K2 Principal Fund's 13F filing for Q1 2025, filed 15 May 2025.