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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
+1.55%
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
$695M
AUM Growth
+$157M
Cap. Flow
-$235M
Cap. Flow %
-33.78%
Top 10 Hldgs %
21.92%
Holding
353
New
106
Increased
32
Reduced
41
Closed
90

Top Buys

Rank Stock Value
1
VACHU
Voyager Acquisition Corp Unit
VACHU
+$10.4M
2
HONDU
HCM II Acquisition Corp Unit
HONDU
+$7.74M
3
VCICU
Vine Hill Capital Investment Corp Unit
VCICU
+$7.25M
4
PMT
PennyMac Mortgage Investment
PMT
+$5.71M
5
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$5.4M

Top Sells

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$27.9M
2
ALFUU
Centurion Acquisition Corp Unit
ALFUU
+$6.39M
3
CUBWU
Lionheart Holdings Unit
CUBWU
+$4.79M
4
SRG
Seritage Growth Properties
SRG
+$4.61M
5
CORZ icon
Core Scientific
CORZ
+$4.45M

Sector Composition

Rank Sector Weight
1 Technology 4.14%
2 Financials 3.19%
3 Energy 2.1%
4 Healthcare 1.71%
5 Consumer Discretionary 1.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CNI icon
51
CALL
Canadian National Railway
CNI
$78.3B
$1.76M 0.25%
+15,000
New +$1.75M
SPRY icon
52
ARS Pharmaceuticals
SPRY
$563M
$1.74M 0.25%
120,000
-2,341,672
-95% -$27.9M
TSM icon
53
TSMC
TSM
$2.03T
$1.74M 0.25%
10,000
+6,956
+229% +$1.19M
TGAA
54
DELISTED
Target Global Acquisition I Corp. Class A Ordinary Share
TGAA
$1.72M 0.25%
+152,424
New +$1.73M
PHYT
55
DELISTED
Pyrophyte Acquisition Corp.
PHYT
$1.63M 0.23%
+141,468
New +$1.63M
CIEN icon
56
Ciena
CIEN
$49.6B
$1.58M 0.23%
25,576
+6,251
+32% +$329K
CP icon
57
Canadian Pacific Kansas City
CP
$81.4B
$1.57M 0.23%
+18,400
New +$1.51M
MRVL icon
58
Marvell Technology
MRVL
$157B
$1.55M 0.22%
21,468
+913
+4% +$63.1K
SPRY icon
59
CALL
ARS Pharmaceuticals
SPRY
$563M
$1.53M 0.22%
105,800
-38,100
-26% -$453K
TETE
60
DELISTED
Technology & Telecommunication Acquisition Corporation Class A Ordinary Shares
TETE
$1.52M 0.22%
+125,000
New +$1.51M
SRG
61
CALL
Seritage Growth Properties
SRG
$129M
$1.51M 0.22%
325,600
-251,100
-44% -$1.18M
AVGO icon
62
Broadcom
AVGO
$1.81T
$1.4M 0.2%
8,131
-5,869
-42% -$941K
CLBR
63
DELISTED
Colombier Acquisition Corp II
CLBR
$1.4M 0.2%
136,518
– –
MKSI icon
64
MKS Inc
MKSI
$19.3B
$1.4M 0.2%
12,849
-991
-7% -$118K
SLG icon
65
PUT
SL Green Realty
SLG
$3.77B
$1.39M 0.2%
+20,000
New +$1.28M
PLAO
66
DELISTED
Patria Latin American Opportunity Acquisition Corp. Class A Ordinary Shares
PLAO
$1.36M 0.2%
116,774
-3,326
-3% -$38.4K
NEM icon
67
CALL
Newmont
NEM
$96.4B
$1.34M 0.19%
+25,000
New +$1.24M
CTLT
68
DELISTED
CATALENT, INC.
CTLT
$1.31M 0.19%
21,607
-11,441
-35% -$677K
PRO
69
DELISTED
PROS Holdings
PRO
$1.26M 0.18%
68,000
+15,482
+29% +$327K
ON icon
70
ON Semiconductor
ON
$32.8B
$1.23M 0.18%
+16,973
New +$1.24M
PLMJ
71
DELISTED
Plum Acquisition Corp. III Class A Ordinary Shares
PLMJ
$1.2M 0.17%
+110,000
New +$1.19M
QETA icon
72
Quetta Acquisition Corp
QETA
$1.16M 0.17%
111,530
– –
BBU
73
DELISTED
Brookfield Business Partners
BBU
$1.15M 0.17%
49,505
-10,388
-17% -$212K
GLLI
74
DELISTED
Globalink Investment Inc. Common Stock
GLLI
$1.13M 0.16%
+100,000
New +$1.13M
ERO icon
75
PUT
Ero Copper
ERO
$2.67B
$1.11M 0.16%
50,000
-50,000
-50% -$1.02M
1 2
3
4 5

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K2 Principal Fund's Q3 2024 Portfolio in Review

As of Q3 2024, K2 Principal Fund held 353 positions worth $695M, up 29% from $538M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

K2 Principal Fund withdrew a net $235M in Q3 2024, closing 90 positions and reducing 41 holdings. Its most notable exit was Centurion Acquisition Corp Unit, an estimated $6.39M position sold in full.

By sector, the portfolio is most concentrated in Technology at 4.1% of assets, down from 6.5% a quarter earlier, followed by Financials and Energy.

Against the trend, K2 Principal Fund opened a new position in Voyager Acquisition Corp Unit worth $10.4M.

  • K2 Principal Fund's largest Q3 2024 buy was Voyager Acquisition Corp Unit: 1,042,400 shares worth $10.4M.
  • K2 Principal Fund added most to iTeos Therapeutics in Q3 2024, an estimated $4.24M increase.
  • K2 Principal Fund's biggest Q3 2024 reduction was ARS Pharmaceuticals, cutting an estimated $27.9M.
  • K2 Principal Fund fully exited Centurion Acquisition Corp Unit in Q3 2024, selling an estimated $6.39M.
  • K2 Principal Fund's ten largest holdings make up 22% of its $695M portfolio in Q3 2024.
  • K2 Principal Fund opened 106 new positions and closed 90 in Q3 2024.
  • K2 Principal Fund's portfolio value rose 29% quarter-over-quarter to $695M.

Based on K2 Principal Fund's 13F filing for Q3 2024, filed 15 Nov 2024.