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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
+1.82%
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
$538M
AUM Growth
-$41.2M
Cap. Flow
-$265M
Cap. Flow %
-49.32%
Top 10 Hldgs %
27.81%
Holding
341
New
99
Increased
35
Reduced
34
Closed
113

Top Buys

Rank Stock Value
1
ALFUU
Centurion Acquisition Corp Unit
ALFUU
+$6.4M
2
CUBWU
Lionheart Holdings Unit
CUBWU
+$4.8M
3
SRG
Seritage Growth Properties
SRG
+$3.53M
4
ITOS
iTeos Therapeutics
ITOS
+$3.4M
5
MODV
ModivCare
MODV
+$3.23M

Top Sells

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$6.34M
2
COOP
Mr. Cooper
COOP
+$5.41M
3
BITO icon
ProShares Bitcoin Strategy ETF
BITO
+$4.2M
4
TFPM icon
Triple Flag Precious Metals
TFPM
+$3.56M
5
GRAB icon
Grab
GRAB
+$3.15M

Sector Composition

Rank Sector Weight
1 Financials 6.72%
2 Technology 6.45%
3 Healthcare 5.76%
4 Materials 1.96%
5 Industrials 1.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
STLD icon
51
Steel Dynamics
STLD
$35.6B
$1.57M 0.29%
12,100
-3,500
-22% -$467K
CLF icon
52
PUT
Cleveland-Cliffs
CLF
$6.81B
$1.54M 0.29%
+100,000
New +$1.79M
PRO
53
DELISTED
PROS Holdings
PRO
$1.5M 0.28%
52,518
+35,739
+213% +$1.13M
IBAC
54
IB Acquisition Corp
IBAC
$1.5M 0.28%
+150,000
New +$1.5M
TCOA
55
DELISTED
Zalatoris Acquisition Corp.
TCOA
$1.46M 0.27%
+132,725
New +$1.46M
MRVL icon
56
Marvell Technology
MRVL
$174B
$1.44M 0.27%
20,555
+4,555
+28% +$319K
CLBR
57
DELISTED
Colombier Acquisition Corp II
CLBR
$1.4M 0.26%
+136,518
New +$1.41M
GRAF.U
58
Graf Global Corp Units
GRAF.U
$1.38M 0.26%
+138,300
New +$1.38M
DELL icon
59
PUT
Dell
DELL
$283B
$1.38M 0.26%
10,000
-12,500
-56% -$1.68M
PLAO
60
DELISTED
Patria Latin American Opportunity Acquisition Corp. Class A Ordinary Shares
PLAO
$1.37M 0.26%
+120,100
New +$1.37M
FCX icon
61
PUT
Freeport-McMoran
FCX
$90B
$1.36M 0.25%
+28,000
New +$1.41M
RGLD icon
62
PUT
Royal Gold
RGLD
$17.1B
$1.25M 0.23%
+10,000
New +$1.25M
GOOG icon
63
Alphabet (Google) Class C
GOOG
$3.9T
$1.24M 0.23%
6,756
+5,256
+350% +$894K
CVII
64
DELISTED
Churchill Capital Corp VII Class A Common Stock
CVII
$1.23M 0.23%
114,210
-122,730
-52% -$1.32M
DIST
65
DELISTED
Distoken Acquisition Corp
DIST
$1.23M 0.23%
+114,139
New +$1.23M
SPRY icon
66
CALL
ARS Pharmaceuticals
SPRY
$590M
$1.22M 0.23%
143,900
-27,300
-16% -$242K
DJT icon
67
Trump Media & Technology Group
DJT
$2.37B
$1.21M 0.22%
202,200
+52,200
+35% +$2.19M
CSLM
68
DELISTED
CSLM Acquisition Corp. Class A Ordinary Share
CSLM
$1.17M 0.22%
+104,281
New +$1.16M
QETA icon
69
Quetta Acquisition Corp
QETA
$1.15M 0.21%
+111,530
New +$1.15M
GODN
70
DELISTED
Golden Star Acquisition Corporation Ordinary Shares
GODN
$1.15M 0.21%
106,740
+7,195
+7% +$77.3K
TLGY
71
DELISTED
TLGY Acquisition Corporation Class A Ordinary Share
TLGY
$1.15M 0.21%
+100,265
New +$1.14M
BBU
72
DELISTED
Brookfield Business Partners
BBU
$1.13M 0.21%
59,893
-96,460
-62% -$1.85M
PHM icon
73
CALL
Pultegroup
PHM
$24.5B
$1.1M 0.2%
+10,000
New +$1.14M
KDK
74
Kodiak AI
KDK
$802M
$1.08M 0.2%
+101,494
New +$1.08M
GROY icon
75
Gold Royalty Corp
GROY
$593M
$1.07M 0.2%
+760,984
New +$1.35M
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 Q2 2024 Portfolio in Review

As of Q2 2024, K2 Principal Fund held 341 positions worth $538M, down 7.1% from $579M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

K2 Principal Fund withdrew a net $265M in Q2 2024, closing 113 positions and reducing 34 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $6.34M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.7% of assets, down from 7.8% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Centurion Acquisition Corp Unit worth $6.39M.

  • K2 Principal Fund's largest Q2 2024 buy was Centurion Acquisition Corp Unit: 639,378 shares worth $6.39M.
  • K2 Principal Fund added most to Seritage Growth Properties in Q2 2024, an estimated $3.53M increase.
  • K2 Principal Fund's biggest Q2 2024 reduction was Mr. Cooper, cutting an estimated $5.41M.
  • K2 Principal Fund fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $6.34M.
  • K2 Principal Fund's ten largest holdings make up 28% of its $538M portfolio in Q2 2024.
  • K2 Principal Fund opened 99 new positions and closed 113 in Q2 2024.
  • K2 Principal Fund's portfolio value fell 7.1% quarter-over-quarter to $538M.

Based on K2 Principal Fund's 13F filing for Q2 2024, filed 14 Aug 2024.