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
-0.62%
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
$477M
AUM Growth
+$40.2M
Cap. Flow
-$122M
Cap. Flow %
-25.62%
Top 10 Hldgs %
32.85%
Holding
320
New
93
Increased
27
Reduced
48
Closed
94

Top Buys

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.4M
2
COOP
Mr. Cooper
COOP
+$7.77M
3
GMED icon
Globus Medical
GMED
+$3.92M
4
CVE icon
Cenovus Energy
CVE
+$3.82M
5
TSEM icon
Tower Semiconductor
TSEM
+$3.17M

Top Sells

Rank Stock Value
1
WRLD icon
World Acceptance Corp
WRLD
+$7.53M
2
NUVA
NuVasive, Inc.
NUVA
+$4.42M
3
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$3.33M
4
LSI
Life Storage, Inc.
LSI
+$3.09M
5
ILLM
illumin Holdings Inc. Common Shares
ILLM
+$2.86M

Sector Composition

Rank Sector Weight
1 Technology 6.54%
2 Healthcare 4.19%
3 Financials 3.85%
4 Energy 2.45%
5 Real Estate 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ERO icon
51
PUT
Ero Copper
ERO
$2.67B
$1.29M 0.27%
+75,000
New +$1.53M
HTZ icon
52
CALL
Hertz
HTZ
$556M
$1.28M 0.27%
104,500
+18,200
+21% +$304K
IRBT
53
PUT
DELISTED
iRobot
IRBT
$1.14M 0.24%
30,000
-50,000
-63% -$2.01M
SYF icon
54
Synchrony
SYF
$25.1B
$1.13M 0.24%
37,042
-3,093
-8% -$103K
ESTE
55
DELISTED
Earthstone Energy Inc. Class A Common Stock
ESTE
$1.13M 0.24%
+55,883
New +$974K
STLD icon
56
Steel Dynamics
STLD
$37.5B
$1.13M 0.24%
+10,525
New +$1.1M
SOVO
57
DELISTED
Sovos Brands, Inc. Common Stock
SOVO
$1.13M 0.24%
+50,000
New +$1.05M
AOGO
58
DELISTED
Arogo Capital Acquisition Corp. Class A Common Stock
AOGO
$1.12M 0.23%
105,000
+78,144
+291% +$832K
WEL
59
DELISTED
Integrated Wellness Acquisition Corp
WEL
$1.1M 0.23%
+100,000
New +$1.09M
EDR
60
DELISTED
Endeavor Group Holdings, Inc.
EDR
$995K 0.21%
50,000
– –
TOL icon
61
Toll Brothers
TOL
$14.5B
$961K 0.2%
+13,000
New +$1.03M
CLDT
62
PUT
Chatham Lodging
CLDT
$638M
$957K 0.2%
+100,000
New +$954K
RCL icon
63
PUT
Royal Caribbean
RCL
$86.5B
$921K 0.19%
+10,000
New +$1M
KGC icon
64
CALL
Kinross Gold
KGC
$28.1B
$912K 0.19%
+200,000
New +$981K
TAC icon
65
CALL
TransAlta
TAC
$4.03B
$870K 0.18%
+100,000
New +$971K
ASCA
66
DELISTED
A SPAC I Acquisition Corp. Class A Ordinary Share
ASCA
$860K 0.18%
+79,599
New +$851K
LEN icon
67
Lennar Class A
LEN
$21.1B
$853K 0.18%
+7,851
New +$921K
RGLD icon
68
PUT
Royal Gold
RGLD
$16.6B
$797K 0.17%
+7,500
New +$853K
FCX icon
69
PUT
Freeport-McMoran
FCX
$88.6B
$746K 0.16%
20,000
-105,000
-84% -$4.23M
TOL icon
70
PUT
Toll Brothers
TOL
$14.5B
$740K 0.15%
+10,000
New +$789K
TLGY
71
DELISTED
TLGY Acquisition Corporation Class A Ordinary Share
TLGY
$704K 0.15%
+64,106
New +$697K
LCID icon
72
CALL
Lucid Motors
LCID
$3.08B
$699K 0.15%
+12,500
New +$809K
CCL icon
73
PUT
Carnival Corporation Ltd
CCL
$38.7B
$686K 0.14%
+50,000
New +$829K
FNV icon
74
PUT
Franco-Nevada
FNV
$40.6B
$667K 0.14%
+5,000
New +$707K
X
75
CALL
DELISTED
US Steel
X
$650K 0.14%
+20,000
New +$561K
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 Q3 2023 Portfolio in Review

As of Q3 2023, K2 Principal Fund held 320 positions worth $477M, up 9.2% from $437M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

K2 Principal Fund withdrew a net $122M in Q3 2023, closing 94 positions and reducing 48 holdings. Its most notable exit was World Acceptance Corp, an estimated $7.53M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 5.6% a quarter earlier, followed by Healthcare and Financials.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $7.57M.

  • K2 Principal Fund's largest Q3 2023 buy was Mr. Cooper: 141,363 shares worth $7.57M.
  • K2 Principal Fund added most to ARS Pharmaceuticals in Q3 2023, an estimated $8.4M increase.
  • K2 Principal Fund's biggest Q3 2023 reduction was PennyMac Mortgage Investment, cutting an estimated $2.73M.
  • K2 Principal Fund fully exited World Acceptance Corp in Q3 2023, selling an estimated $7.53M.
  • K2 Principal Fund's ten largest holdings make up 33% of its $477M portfolio in Q3 2023.
  • K2 Principal Fund opened 93 new positions and closed 94 in Q3 2023.
  • K2 Principal Fund's portfolio value rose 9.2% quarter-over-quarter to $477M.

Based on K2 Principal Fund's 13F filing for Q3 2023, filed 13 Nov 2023.