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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
+4.79%
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
$785M
AUM Growth
+$308M
Cap. Flow
-$1.15M
Cap. Flow %
-0.15%
Top 10 Hldgs %
37.08%
Holding
337
New
107
Increased
33
Reduced
35
Closed
107

Top Buys

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$8.17M
2
IVCB
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
+$3.6M
3
TXNM
TXNM Energy Inc
TXNM
+$3.43M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.39M
5
PXD
Pioneer Natural Resource Co.
PXD
+$3.12M

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$9.83M
2
VMW
VMware, Inc
VMW
+$6.21M
3
CVE icon
Cenovus Energy
CVE
+$4.16M
4
GMED icon
Globus Medical
GMED
+$3.48M
5
NATI
National Instruments Corp
NATI
+$3.35M

Sector Composition

Rank Sector Weight
1 Financials 8.26%
2 Healthcare 2.22%
3 Technology 1.63%
4 Energy 1.34%
5 Consumer Discretionary 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
RRAC
51
DELISTED
Rigel Resource Acquisition Corp.
RRAC
$2.08M 0.26%
+189,426
New +$2.07M
W icon
52
PUT
Wayfair
W
$12.5B
$2.04M 0.26%
+33,000
New +$1.72M
BBU
53
DELISTED
Brookfield Business Partners
BBU
$2.03M 0.26%
+98,800
New +$1.58M
CLBR.U
54
DELISTED
Colombier Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CLBR.U
$1.99M 0.25%
+197,300
New +$1.98M
RCL icon
55
Royal Caribbean
RCL
$86.5B
$1.94M 0.25%
+15,000
New +$1.53M
ZLS
56
DELISTED
Zalatoris II Acquisition Corp Class A Ordinary Shares
ZLS
$1.91M 0.24%
+178,324
New +$1.9M
TOL icon
57
Toll Brothers
TOL
$14.5B
$1.9M 0.24%
18,500
+5,500
+42% +$458K
GDXJ icon
58
PUT
VanEck Junior Gold Miners ETF
GDXJ
$6.99B
$1.9M 0.24%
50,000
– –
PFSI icon
59
PennyMac Financial
PFSI
$4.45B
$1.72M 0.22%
19,480
-5,164
-21% -$388K
IAU icon
60
iShares Gold Trust
IAU
$62.5B
$1.69M 0.21%
+43,200
New +$1.62M
CZR icon
61
Caesars Entertainment
CZR
$6.1B
$1.64M 0.21%
+35,000
New +$1.55M
LATG
62
DELISTED
Chenghe Acquisition I Co. Class A Ordinary Shares
LATG
$1.59M 0.2%
+144,646
New +$1.59M
AMCI
63
AMC Robotics
AMCI
$108M
$1.59M 0.2%
+148,396
New +$1.58M
ANSCU
64
Agriculture & Natural Solutions Acquisition Corp Unit
ANSCU
$1.53M 0.2%
+151,115
New +$1.53M
INTC icon
65
Intel
INTC
$435B
$1.51M 0.19%
30,000
-20,000
-40% -$812K
MPC icon
66
CALL
Marathon Petroleum
MPC
$89.3B
$1.48M 0.19%
10,000
-12,000
-55% -$1.78M
EMCG
67
DELISTED
Embrace Change Acquisition Corp
EMCG
$1.48M 0.19%
135,000
+97,367
+259% +$1.06M
RCL icon
68
PUT
Royal Caribbean
RCL
$86.5B
$1.42M 0.18%
11,000
+1,000
+10% +$102K
PLTR icon
69
CALL
Palantir
PLTR
$296B
$1.41M 0.18%
+82,000
New +$1.46M
CNH
70
CNH Industrial
CNH
$14.2B
$1.39M 0.18%
+114,141
New +$1.27M
FSM icon
71
CALL
Fortuna Silver Mines
FSM
$2.55B
$1.35M 0.17%
351,000
+301,000
+602% +$1.01M
LEN icon
72
Lennar Class A
LEN
$21.1B
$1.3M 0.17%
9,039
+1,188
+15% +$143K
MNTN
73
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$1.3M 0.17%
118,991
+70,344
+145% +$765K
CSTA
74
DELISTED
Constellation Acquisition Corp I
CSTA
$1.28M 0.16%
+116,226
New +$1.28M
INSP icon
75
PUT
Inspire Medical Systems
INSP
$1.5B
$1.26M 0.16%
+6,200
New +$1M
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 Q4 2023 Portfolio in Review

As of Q4 2023, K2 Principal Fund held 337 positions worth $785M, up 64% from $477M the previous quarter. Its ten largest holdings account for 37% of the portfolio.

K2 Principal Fund's Q4 2023 filing shows 107 new, 33 increased, 35 reduced and 107 closed positions. Its largest new stake was Investcorp Europe Acquisition Corp I Class A Ordinary Shares: 328,498 shares worth $3.62M. The largest sale was Activision Blizzard, an estimated $9.83M.

By sector, the portfolio is most concentrated in Financials at 8.3% of assets, up from 3.8% a quarter earlier, followed by Healthcare and Technology.

  • K2 Principal Fund's largest Q4 2023 buy was Investcorp Europe Acquisition Corp I Class A Ordinary Shares: 328,498 shares worth $3.62M.
  • K2 Principal Fund added most to Mr. Cooper in Q4 2023, an estimated $8.17M increase.
  • K2 Principal Fund's biggest Q4 2023 reduction was U-Haul Holding Co Series N, cutting an estimated $2.02M.
  • K2 Principal Fund fully exited Activision Blizzard in Q4 2023, selling an estimated $9.83M.
  • K2 Principal Fund's ten largest holdings make up 37% of its $785M portfolio in Q4 2023.
  • K2 Principal Fund opened 107 new positions and closed 107 in Q4 2023.
  • K2 Principal Fund's portfolio value rose 64% quarter-over-quarter to $785M.

Based on K2 Principal Fund's 13F filing for Q4 2023, filed 14 Feb 2024.