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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
-8.03%
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
$1.16B
AUM Growth
-$351M
Cap. Flow
-$335M
Cap. Flow %
-28.92%
Top 10 Hldgs %
45.37%
Holding
494
New
126
Increased
47
Reduced
55
Closed
192

Top Buys

Rank Stock Value
1
PFSI icon
PennyMac Financial
PFSI
+$32M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$29.2M
3
NMRK icon
Newmark Group
NMRK
+$11.5M
4
COIN icon
Coinbase
COIN
+$9.28M
5
BMO icon
Bank of Montreal
BMO
+$8.82M

Top Sells

Rank Stock Value
1
SKIN icon
SkinHealth Systems
SKIN
+$24.3M
2
BG icon
Bunge Global
BG
+$15.9M
3
CIXX
CI Financial Corp.
CIXX
+$12.4M
4
TRIS
Tristar Acquisition I Corp.
TRIS
+$11.2M
5
SAGAU
Sagaliam Acquisition Corp. Units
SAGAU
+$9.93M

Sector Composition

Rank Sector Weight
1 Financials 16.69%
2 Real Estate 2.6%
3 Technology 2.09%
4 Communication Services 1.94%
5 Consumer Staples 1.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ROG icon
51
Rogers Corp
ROG
$2.05B
$4.16M 0.36%
15,305
+11,705
+325% +$3.19M
WRBY icon
52
PUT
Warby Parker
WRBY
$3.14B
$4.12M 0.35%
+121,700
New +$3.94M
BHC icon
53
CALL
Bausch Health
BHC
$1.68B
$4.08M 0.35%
178,400
+7,400
+4% +$181K
TQQQ icon
54
PUT
ProShares UltraPro QQQ
TQQQ
$29.2B
$4.07M 0.35%
+140,000
New +$4.02M
RWODU
55
DELISTED
Redwoods Acquisition Corp. Unit
RWODU
$4.01M 0.35%
+400,000
New +$4.01M
AFRM icon
56
CALL
Affirm
AFRM
$23.8B
$3.88M 0.33%
+83,800
New +$4.38M
BN icon
57
Brookfield
BN
$101B
$3.83M 0.33%
+125,803
New +$3.76M
QCOM icon
58
Qualcomm
QCOM
$168B
$3.82M 0.33%
+25,000
New +$4.19M
GDSTU
59
DELISTED
Goldenstone Acquisition Limited Units
GDSTU
$3.76M 0.32%
+375,000
New +$3.76M
OPA
60
DELISTED
Magnum Opus Acquisition Limited
OPA
$3.72M 0.32%
+375,424
New +$3.73M
RDUS
61
CALL
DELISTED
Radius Recycling
RDUS
$3.64M 0.31%
+70,000
New +$3.17M
RACYU
62
DELISTED
Relativity Acquisition Corp. Unit
RACYU
$3.62M 0.31%
+359,181
New +$3.6M
PRPB
63
DELISTED
CC Neuberger Principal Holdings II Class A Ordinary Shares
PRPB
$3.55M 0.31%
+358,190
New +$3.55M
DIS icon
64
CALL
Walt Disney
DIS
$171B
$3.43M 0.3%
+25,000
New +$3.61M
CLF icon
65
PUT
Cleveland-Cliffs
CLF
$6.38B
$3.38M 0.29%
+105,000
New +$2.39M
CAR icon
66
Avis
CAR
$5.28B
$3.38M 0.29%
+12,831
New +$2.58M
APTS
67
DELISTED
Preferred Apartment Communities, Inc.
APTS
$3.37M 0.29%
+135,012
New +$2.93M
COOP
68
DELISTED
Mr. Cooper
COOP
$3.02M 0.26%
66,064
+25,287
+62% +$1.15M
FL
69
DELISTED
Foot Locker
FL
$2.87M 0.25%
+96,684
New +$3.7M
ULCC icon
70
Frontier Group Holdings
ULCC
$1.5B
$2.84M 0.24%
+250,386
New +$3.14M
CCL icon
71
PUT
Carnival Corporation Ltd
CCL
$38B
$2.83M 0.24%
+140,000
New +$2.83M
F icon
72
Ford
F
$61.5B
$2.71M 0.23%
+160,245
New +$3.05M
DSAC
73
DELISTED
Duddell Street Acquisition Corp. Class A Ordinary Shares
DSAC
$2.69M 0.23%
+270,553
New +$2.68M
CTXS
74
DELISTED
Citrix Systems Inc
CTXS
$2.61M 0.22%
+25,841
New +$2.61M
GROV icon
75
Grove Collaborative
GROV
$46.2M
$2.6M 0.22%
+52,669
New +$2.6M
1 2
3
4 5

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WIM
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LCG
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CCM
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SMA
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SCA
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K2 Principal Fund's Q1 2022 Portfolio in Review

As of Q1 2022, K2 Principal Fund held 494 positions worth $1.16B, down 23% from $1.51B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

K2 Principal Fund withdrew a net $335M in Q1 2022, closing 192 positions and reducing 55 holdings. Its most notable exit was Bunge Global, an estimated $15.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 16% a quarter earlier, followed by Real Estate and Technology.

Against the trend, K2 Principal Fund opened a new position in State Street SPDR S&P 500 ETF Trust worth $29.6M.

  • K2 Principal Fund's largest Q1 2022 buy was State Street SPDR S&P 500 ETF Trust: 65,553 shares worth $29.6M.
  • K2 Principal Fund added most to PennyMac Financial in Q1 2022, an estimated $32M increase.
  • K2 Principal Fund's biggest Q1 2022 reduction was SkinHealth Systems, cutting an estimated $24.3M.
  • K2 Principal Fund fully exited Bunge Global in Q1 2022, selling an estimated $15.9M.
  • K2 Principal Fund's ten largest holdings make up 45% of its $1.16B portfolio in Q1 2022.
  • K2 Principal Fund opened 126 new positions and closed 192 in Q1 2022.
  • K2 Principal Fund's portfolio value fell 23% quarter-over-quarter to $1.16B.

Based on K2 Principal Fund's 13F filing for Q1 2022, filed 16 May 2022.