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
+9.21%
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
$725M
AUM Growth
-$63M
Cap. Flow
-$143M
Cap. Flow %
-19.69%
Top 10 Hldgs %
22.96%
Holding
394
New
118
Increased
38
Reduced
57
Closed
98

Top Buys

Rank Stock Value
1
MAG
MAG Silver
MAG
+$5.72M
2
GTEN
Gores Holdings X
GTEN
+$3.99M
3
JNPR
Juniper Networks
JNPR
+$3.58M
4
RAC
Rithm Acquisition Corp
RAC
+$3.5M
5
CORZ icon
Core Scientific
CORZ
+$3.47M

Top Sells

Rank Stock Value
1
GLD icon
SPDR Gold Trust
GLD
+$16.8M
2
HVII
Hennessy Capital Investment Corp VII
HVII
+$5.97M
3
SEI
Solaris Energy Infrastructure
SEI
+$5.9M
4
RAC.U
Rithm Acquisition Corp Units
RAC.U
+$3.54M
5
SVCC
Stellar V Capital Corp
SVCC
+$3.4M

Sector Composition

Rank Sector Weight
1 Financials 11.62%
2 Technology 4.89%
3 Consumer Discretionary 1.89%
4 Energy 1.63%
5 Communication Services 1.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TLT icon
26
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$3.53M 0.49%
+40,000
New +$3.49M
HHH icon
27
CALL
Howard Hughes
HHH
$3.93B
$3.51M 0.48%
+52,000
New +$3.55M
CORZ icon
28
CALL
Core Scientific
CORZ
$7.23B
$3.41M 0.47%
+200,000
New +$2M
JENA.U
29
Jena Acquisition Corp II Units
JENA.U
$3.34M 0.46%
+325,200
New +$3.34M
NETD
30
DELISTED
Nabors Energy Transition Corp II
NETD
$3.33M 0.46%
300,000
– –
INVH icon
31
PUT
Invitation Homes
INVH
$17.7B
$3.28M 0.45%
+100,000
New +$3.36M
FCX icon
32
CALL
Freeport-McMoran
FCX
$90B
$3.25M 0.45%
75,000
+55,000
+275% +$2.09M
KDK
33
Kodiak AI
KDK
$802M
$3.2M 0.44%
282,079
+263,357
+1,407% +$2.97M
BEAG
34
Bold Eagle Acquisition Corp
BEAG
$3.18M 0.44%
303,575
-26,841
-8% -$278K
TACO
35
Berto Acquisition Corp
TACO
$393M
$3.17M 0.44%
+304,536
New +$3.17M
SRG
36
Seritage Growth Properties
SRG
$130M
$3.13M 0.43%
1,015,786
+24,590
+2% +$70.8K
PTON icon
37
Peloton Interactive
PTON
$2.63B
$3.11M 0.43%
447,734
+262,925
+142% +$1.71M
CCCXU
38
DELISTED
Churchill Capital Corp X Unit
CCCXU
$3.09M 0.43%
+300,000
New +$3.11M
UBER icon
39
Uber
UBER
$134B
$3.08M 0.43%
33,048
-1,382
-4% -$114K
TIXT
40
DELISTED
TELUS International
TIXT
$3.03M 0.42%
+835,087
New +$2.37M
CORZ icon
41
PUT
Core Scientific
CORZ
$7.23B
$2.99M 0.41%
+175,000
New +$1.75M
FLR icon
42
Fluor
FLR
$7.29B
$2.98M 0.41%
+58,200
New +$2.32M
ALF
43
Centurion Acquisition Corp
ALF
$2.98M 0.41%
+282,839
New +$2.95M
GLD icon
44
SPDR Gold Trust
GLD
$131B
$2.97M 0.41%
9,746
-55,500
-85% -$16.8M
VOO icon
45
PUT
Vanguard S&P 500 ETF
VOO
$968B
$2.84M 0.39%
5,000
-10,000
-67% -$5.26M
SBXD
46
SilverBox Corp IV
SBXD
$276M
$2.73M 0.38%
+249,209
New +$2.61M
PCAPU
47
ProCap Acquisition Corp Unit
PCAPU
$212M
$2.69M 0.37%
+251,303
New +$2.78M
GOOG icon
48
Alphabet (Google) Class C
GOOG
$3.9T
$2.66M 0.37%
+15,000
New +$2.48M
CEPO
49
Cantor Equity Partners I
CEPO
$272M
$2.59M 0.36%
217,896
-143,621
-40% -$1.67M
FYBR
50
DELISTED
Frontier Communications
FYBR
$2.59M 0.36%
71,074
– –
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 Q2 2025 Portfolio in Review

As of Q2 2025, K2 Principal Fund held 394 positions worth $725M, down 8% from $788M the previous quarter. Its ten largest holdings account for 23% of the portfolio.

K2 Principal Fund withdrew a net $143M in Q2 2025, closing 98 positions and reducing 57 holdings. Its most notable exit was Solaris Energy Infrastructure, an estimated $5.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 12% of assets, up from 6.1% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, K2 Principal Fund opened a new position in MAG Silver worth $6.8M.

  • K2 Principal Fund's largest Q2 2025 buy was MAG Silver: 321,870 shares worth $6.8M.
  • K2 Principal Fund added most to Kodiak AI in Q2 2025, an estimated $2.97M increase.
  • K2 Principal Fund's biggest Q2 2025 reduction was SPDR Gold Trust, cutting an estimated $16.8M.
  • K2 Principal Fund fully exited Solaris Energy Infrastructure in Q2 2025, selling an estimated $5.9M.
  • K2 Principal Fund's ten largest holdings make up 23% of its $725M portfolio in Q2 2025.
  • K2 Principal Fund opened 118 new positions and closed 98 in Q2 2025.
  • K2 Principal Fund's portfolio value fell 8% quarter-over-quarter to $725M.

Based on K2 Principal Fund's 13F filing for Q2 2025, filed 14 Aug 2025.