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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
-0.79%
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
$871M
AUM Growth
-$35.6M
Cap. Flow
-$72.1M
Cap. Flow %
-8.28%
Top 10 Hldgs %
31.88%
Holding
420
New
69
Increased
48
Reduced
66
Closed
133

Top Buys

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$24.3M
2
PMT
PennyMac Mortgage Investment
PMT
+$19.5M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.97M
4
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.41M
5
TWO
Two Harbors Investment
TWO
+$6.57M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$52M
2
COIN icon
Coinbase
COIN
+$16M
3
SIVB
SVB Financial Group
SIVB
+$15.9M
4
CIXX
CI Financial Corp.
CIXX
+$11.9M
5
GME icon
GameStop
GME
+$11.8M

Sector Composition

Rank Sector Weight
1 Financials 7.96%
2 Real Estate 4.84%
3 Healthcare 4.77%
4 Consumer Discretionary 4.27%
5 Energy 2.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MBUU icon
51
PUT
Malibu Boats
MBUU
$559M
$3.6M 0.41%
+75,100
New +$4.43M
HYG icon
52
CALL
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
$3.57M 0.41%
+50,000
New +$3.78M
AVIR icon
53
Atea Pharmaceuticals
AVIR
$361M
$3.44M 0.4%
605,419
-1,000,640
-62% -$7.66M
TCRR
54
DELISTED
TCR2 Therapeutics Inc. Common Stock
TCRR
$3.42M 0.39%
1,899,824
+821,754
+76% +$2.38M
RCL icon
55
CALL
Royal Caribbean
RCL
$86.5B
$3.41M 0.39%
90,000
+35,000
+64% +$1.42M
TTD icon
56
Trade Desk
TTD
$8.89B
$3.35M 0.38%
+56,012
New +$3.19M
INSP icon
57
PUT
Inspire Medical Systems
INSP
$1.5B
$3.26M 0.37%
18,400
-119,100
-87% -$23.9M
DUOL icon
58
Duolingo
DUOL
$6.56B
$3.2M 0.37%
33,626
-887
-3% -$86.3K
DJT icon
59
PUT
Trump Media & Technology Group
DJT
$2.74B
$3.17M 0.36%
188,600
-231,700
-55% -$6.11M
GLD icon
60
PUT
SPDR Gold Trust
GLD
$131B
$3.09M 0.36%
20,000
-43,000
-68% -$6.91M
W icon
61
Wayfair
W
$12.5B
$3.03M 0.35%
93,209
-91,689
-50% -$4.85M
IRBT
62
DELISTED
iRobot
IRBT
$3.03M 0.35%
+53,800
New +$2.82M
NVRO
63
PUT
DELISTED
NEVRO CORP.
NVRO
$2.95M 0.34%
63,300
+1,700
+3% +$78.9K
RVLV icon
64
Revolve Group
RVLV
$1.92B
$2.93M 0.34%
134,990
-5,949
-4% -$156K
COOP
65
CALL
DELISTED
Mr. Cooper
COOP
$2.88M 0.33%
71,100
+39,800
+127% +$1.68M
SRG
66
CALL
Seritage Growth Properties
SRG
$129M
$2.84M 0.33%
314,600
+173,600
+123% +$1.99M
MX icon
67
Magnachip Semiconductor
MX
$118M
$2.73M 0.31%
266,148
-64,200
-19% -$842K
SLDB icon
68
Solid Biosciences
SLDB
$785M
$2.48M 0.28%
370,749
+176,809
+91% +$1.78M
DRE
69
DELISTED
Duke Realty Corp.
DRE
$2.46M 0.28%
+51,139
New +$2.99M
CVNA icon
70
PUT
Carvana
CVNA
$47.3B
$2.42M 0.28%
597,000
+205,000
+52% +$1.34M
BETR icon
71
Better Home & Finance Holding
BETR
$423M
$2.4M 0.28%
4,860
– –
ARCH
72
CALL
DELISTED
Arch Resources, Inc.
ARCH
$2.37M 0.27%
20,000
-6,000
-23% -$830K
SIMO icon
73
Silicon Motion
SIMO
$7.51B
$2.23M 0.26%
+34,150
New +$2.68M
SLV icon
74
CALL
iShares Silver Trust
SLV
$27.6B
$2.19M 0.25%
+125,000
New +$2.22M
CLF icon
75
CALL
Cleveland-Cliffs
CLF
$6.84B
$2.15M 0.25%
160,000
+60,000
+60% +$998K
1 2
3
4 5

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WIM
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LCG
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CCM
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K2 Principal Fund's Q3 2022 Portfolio in Review

As of Q3 2022, K2 Principal Fund held 420 positions worth $871M, down 3.9% from $907M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

K2 Principal Fund withdrew a net $72.1M in Q3 2022, closing 133 positions and reducing 66 holdings. Its most notable exit was Tesla, an estimated $52M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8% of assets, down from 13% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $23.3M.

  • K2 Principal Fund's largest Q3 2022 buy was Mr. Cooper: 574,409 shares worth $23.3M.
  • K2 Principal Fund added most to San Juan Basin Royalty Trust in Q3 2022, an estimated $8.97M increase.
  • K2 Principal Fund's biggest Q3 2022 reduction was Coinbase, cutting an estimated $16M.
  • K2 Principal Fund fully exited Tesla in Q3 2022, selling an estimated $52M.
  • K2 Principal Fund's ten largest holdings make up 32% of its $871M portfolio in Q3 2022.
  • K2 Principal Fund opened 69 new positions and closed 133 in Q3 2022.
  • K2 Principal Fund's portfolio value fell 3.9% quarter-over-quarter to $871M.

Based on K2 Principal Fund's 13F filing for Q3 2022, filed 14 Nov 2022.