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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
+9.18%
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
$579M
AUM Growth
-$206M
Cap. Flow
-$356M
Cap. Flow %
-61.45%
Top 10 Hldgs %
27.08%
Holding
345
New
120
Increased
30
Reduced
40
Closed
108

Top Buys

Rank Stock Value
1
IAU icon
iShares Gold Trust
IAU
+$8.11M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$6.24M
3
DJT icon
Trump Media & Technology Group
DJT
+$5.82M
4
INTC icon
Intel
INTC
+$3.56M
5
ZEO
Zeo Energy
ZEO
+$3.48M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$13.2M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$6.23M
3
IVCB
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
+$3.62M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.55M
5
TRP icon
TC Energy
TRP
+$3.13M

Sector Composition

Rank Sector Weight
1 Financials 7.82%
2 Healthcare 4.46%
3 Technology 4.07%
4 Energy 3.13%
5 Industrials 2.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GAQ
51
DELISTED
Generation Asia I Acquisition Limited Class A Ordinary Shares
GAQ
$2.2M 0.38%
+200,000
New +$2.2M
KGC icon
52
CALL
Kinross Gold
KGC
$28.1B
$2.15M 0.37%
350,000
-375,000
-52% -$2.04M
CMCA
53
DELISTED
Capitalworks Emerging Markets Acquisition Corp Class A Ordinary Shares
CMCA
$2.14M 0.37%
+195,320
New +$2.15M
MCAA
54
DELISTED
Mountain & Co. I Acquisition Corp. Class A Ordinary Shares
MCAA
$2.08M 0.36%
180,680
+81,832
+83% +$933K
AIV
55
Aimco
AIV
$378M
$2.07M 0.36%
253,284
-260,400
-51% -$1.99M
XME icon
56
State Street SPDR S&P Metals & Mining ETF
XME
$3.78B
$2.06M 0.36%
+34,250
New +$1.96M
TGAA
57
DELISTED
Target Global Acquisition I Corp. Class A Ordinary Share
TGAA
$1.98M 0.34%
+177,098
New +$1.97M
AVGO icon
58
Broadcom
AVGO
$1.8T
$1.92M 0.33%
+14,500
New +$1.8M
TXNM
59
TXNM Energy Inc
TXNM
$6.4B
$1.88M 0.33%
50,021
-29,979
-37% -$1.12M
MLM icon
60
Martin Marietta Materials
MLM
$34.2B
$1.84M 0.32%
+3,000
New +$1.64M
SPRY icon
61
CALL
ARS Pharmaceuticals
SPRY
$575M
$1.75M 0.3%
171,200
-471,900
-73% -$3.52M
VMCA
62
DELISTED
Valuence Merger Corp. I Class A Ordinary Shares
VMCA
$1.67M 0.29%
+147,549
New +$1.67M
FNV icon
63
Franco-Nevada
FNV
$41.7B
$1.66M 0.29%
13,900
+6,300
+83% +$693K
SNOW icon
64
PUT
Snowflake
SNOW
$100B
$1.62M 0.28%
+10,000
New +$1.94M
IVCA
65
DELISTED
Investcorp India Acquisition Corp
IVCA
$1.55M 0.27%
138,336
-61,691
-31% -$685K
XME icon
66
CALL
State Street SPDR S&P Metals & Mining ETF
XME
$3.78B
$1.51M 0.26%
25,000
-78,700
-76% -$4.49M
IBACU
67
DELISTED
IB Acquisition Corp. Unit
IBACU
$1.5M 0.26%
+150,000
New +$1.5M
PAR icon
68
PAR Technology
PAR
$726M
$1.49M 0.26%
+32,764
New +$1.45M
AQU
69
DELISTED
Aquaron Acquisition Corp. Common Stock
AQU
$1.43M 0.25%
+132,209
New +$1.43M
CURR
70
Currenc Group
CURR
$342M
$1.38M 0.24%
+120,936
New +$1.37M
DHI icon
71
D.R. Horton
DHI
$41.3B
$1.38M 0.24%
8,400
-7,700
-48% -$1.15M
PHM icon
72
Pultegroup
PHM
$25.3B
$1.33M 0.23%
+11,000
New +$1.18M
PLTN
73
DELISTED
Plutonian Acquisition Corp. Common Stock
PLTN
$1.33M 0.23%
123,655
+36,040
+41% +$386K
CPE
74
DELISTED
Callon Petroleum Company
CPE
$1.27M 0.22%
+35,428
New +$1.16M
HUDA
75
DELISTED
Hudson Acquisition I Corp. Common Stock
HUDA
$1.24M 0.21%
+117,027
New +$1.23M
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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K2 Principal Fund's Q1 2024 Portfolio in Review

As of Q1 2024, K2 Principal Fund held 345 positions worth $579M, down 26% from $785M the previous quarter. Its ten largest holdings account for 27% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q1 2024, closing 108 positions and reducing 40 holdings. Its most notable exit was Investcorp Europe Acquisition Corp I Class A Ordinary Shares, an estimated $3.62M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.3% a quarter earlier, followed by Healthcare and Technology.

Against the trend, K2 Principal Fund opened a new position in iShares Bitcoin Trust worth $8.09M.

  • K2 Principal Fund's largest Q1 2024 buy was iShares Bitcoin Trust: 200,000 shares worth $8.09M.
  • K2 Principal Fund added most to iShares Gold Trust in Q1 2024, an estimated $8.11M increase.
  • K2 Principal Fund's biggest Q1 2024 reduction was Mr. Cooper, cutting an estimated $13.2M.
  • K2 Principal Fund fully exited Investcorp Europe Acquisition Corp I Class A Ordinary Shares in Q1 2024, selling an estimated $3.62M.
  • K2 Principal Fund's ten largest holdings make up 27% of its $579M portfolio in Q1 2024.
  • K2 Principal Fund opened 120 new positions and closed 108 in Q1 2024.
  • K2 Principal Fund's portfolio value fell 26% quarter-over-quarter to $579M.

Based on K2 Principal Fund's 13F filing for Q1 2024, filed 14 May 2024.