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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
+2.96%
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
$437M
AUM Growth
-$289M
Cap. Flow
-$451M
Cap. Flow %
-103.14%
Top 10 Hldgs %
29.71%
Holding
349
New
84
Increased
25
Reduced
62
Closed
127

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$5.46M
2
WRLD icon
World Acceptance Corp
WRLD
+$4.62M
3
PFSI icon
PennyMac Financial
PFSI
+$3.57M
4
NUVA
NuVasive, Inc.
NUVA
+$2.9M
5
UHAL icon
U-Haul Holding Co
UHAL
+$2.22M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$10.5M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$9.44M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.96M
4
PMT
PennyMac Mortgage Investment
PMT
+$7.59M
5
AUY
Yamana Gold, Inc.
AUY
+$7.09M

Sector Composition

Rank Sector Weight
1 Financials 6.76%
2 Technology 5.6%
3 Healthcare 3.73%
4 Real Estate 3.63%
5 Industrials 3.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVRO
51
CALL
DELISTED
NEVRO CORP.
NVRO
$1.3M 0.3%
51,000
-50,600
-50% -$1.46M
CGAU
52
Centerra Gold
CGAU
$3.19B
$1.26M 0.29%
210,000
+94,800
+82% +$602K
LEN icon
53
CALL
Lennar Class A
LEN
$21.1B
$1.25M 0.29%
+10,330
New +$1.13M
W icon
54
CALL
Wayfair
W
$12.5B
$1.24M 0.28%
19,100
-15,900
-45% -$670K
HMA
55
DELISTED
Heartland Media Acquisition Corp.
HMA
$1.24M 0.28%
+117,330
New +$1.23M
WRAC
56
DELISTED
Williams Rowland Acquisition Corp.
WRAC
$1.22M 0.28%
117,190
+41,083
+54% +$424K
FCX icon
57
CALL
Freeport-McMoran
FCX
$88.6B
$1.2M 0.27%
+30,000
New +$1.14M
EDR
58
DELISTED
Endeavor Group Holdings, Inc.
EDR
$1.2M 0.27%
+50,000
New +$1.18M
RCL icon
59
Royal Caribbean
RCL
$86.5B
$1.15M 0.26%
+11,100
New +$870K
KNSW
60
DELISTED
KnightSwan Acquisition Corporation
KNSW
$1.07M 0.24%
+100,866
New +$1.06M
GAQ
61
DELISTED
Generation Asia I Acquisition Limited Class A Ordinary Shares
GAQ
$1.06M 0.24%
+100,700
New +$1.05M
FTII
62
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
$1.02M 0.23%
95,403
+35,403
+59% +$375K
ESHAU
63
DELISTED
ESH Acquisition Corp. Unit
ESHAU
$1.01M 0.23%
+100,000
New +$1.01M
IPXXU
64
DELISTED
Inflection Point Acquisition Corp. II Unit
IPXXU
$1.01M 0.23%
+100,000
New +$1.01M
BRAC
65
DELISTED
Broad Capital Acquisition Corp Common Stock
BRAC
$1.01M 0.23%
+94,435
New +$1.01M
RKT icon
66
Rocket Companies
RKT
$39.6B
$998K 0.23%
+111,401
New +$969K
HUDA
67
DELISTED
Hudson Acquisition I Corp. Common Stock
HUDA
$988K 0.23%
+95,336
New +$981K
OHAA
68
DELISTED
OPY Acquisition Corp. I Class A Common Stock
OHAA
$883K 0.2%
+86,272
New +$883K
GRAB icon
69
Grab
GRAB
$14.1B
$868K 0.2%
+253,118
New +$788K
HUBCZ icon
70
Hub Cyber Security Warrant
HUBCZ
$85.5K
$862K 0.2%
2,153,811
-202
-0% -$55
SHAP
71
DELISTED
Spree Acquisition Corp. 1 Limited
SHAP
$849K 0.19%
+79,910
New +$841K
AIRJ
72
Montana Technologies Corp
AIRJ
$313M
$821K 0.19%
+78,888
New +$816K
NUE icon
73
CALL
Nucor
NUE
$60.5B
$820K 0.19%
+5,000
New +$730K
ABP
74
DELISTED
Abpro Holdings
ABP
$806K 0.18%
+2,580
New +$803K
CLDT
75
CALL
Chatham Lodging
CLDT
$638M
$799K 0.18%
85,400
+35,400
+71% +$350K
1 2
3
4 5

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K2 Principal Fund's Q2 2023 Portfolio in Review

As of Q2 2023, K2 Principal Fund held 349 positions worth $437M, down 40% from $727M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

K2 Principal Fund withdrew a net $451M in Q2 2023, closing 127 positions and reducing 62 holdings. Its most notable exit was Mr. Cooper, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.8% of assets, up from 6% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in PennyMac Financial worth $3.96M.

  • K2 Principal Fund's largest Q2 2023 buy was PennyMac Financial: 56,373 shares worth $3.96M.
  • K2 Principal Fund added most to Activision Blizzard in Q2 2023, an estimated $5.46M increase.
  • K2 Principal Fund's biggest Q2 2023 reduction was ARS Pharmaceuticals, cutting an estimated $9.44M.
  • K2 Principal Fund fully exited Mr. Cooper in Q2 2023, selling an estimated $10.5M.
  • K2 Principal Fund's ten largest holdings make up 30% of its $437M portfolio in Q2 2023.
  • K2 Principal Fund opened 84 new positions and closed 127 in Q2 2023.
  • K2 Principal Fund's portfolio value fell 40% quarter-over-quarter to $437M.

Based on K2 Principal Fund's 13F filing for Q2 2023, filed 15 Aug 2023.