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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
-0.79%
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
$871M
AUM Growth
-$35.6M
Cap. Flow
-$72.1M
Cap. Flow %
-8.28%
Top 10 Hldgs %
31.88%
Holding
420
New
69
Increased
48
Reduced
66
Closed
133

Top Buys

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$24.3M
2
PMT
PennyMac Mortgage Investment
PMT
+$19.5M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.97M
4
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.41M
5
TWO
Two Harbors Investment
TWO
+$6.57M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$52M
2
COIN icon
Coinbase
COIN
+$16M
3
SIVB
SVB Financial Group
SIVB
+$15.9M
4
CIXX
CI Financial Corp.
CIXX
+$11.9M
5
GME icon
GameStop
GME
+$11.8M

Sector Composition

Rank Sector Weight
1 Financials 7.96%
2 Real Estate 4.84%
3 Healthcare 4.77%
4 Consumer Discretionary 4.27%
5 Energy 2.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VXX icon
76
CALL
iPath Series B S&P 500 VIX Short-Term Futures ETN
VXX
$159M
$2.12M 0.24%
+6,250
New +$2.07M
THCA
77
DELISTED
Tuscan Holdings Corp. II Common Stock
THCA
$2.1M 0.24%
201,590
-20,425
-9% -$212K
SWIR
78
DELISTED
Sierra Wireless
SWIR
$2M 0.23%
+65,869
New +$1.89M
RIVN icon
79
CALL
Rivian
RIVN
$24.2B
$1.93M 0.22%
58,600
-238,200
-80% -$8.12M
ABEV icon
80
Ambev
ABEV
$48.4B
$1.91M 0.22%
675,036
-33,418
-5% -$94.8K
SU icon
81
Suncor Energy
SU
$75.4B
$1.86M 0.21%
+66,211
New +$2.09M
VMW
82
DELISTED
VMware, Inc
VMW
$1.85M 0.21%
17,348
+2,503
+17% +$288K
FRPT icon
83
CALL
Freshpet
FRPT
$3.01B
$1.82M 0.21%
+36,300
New +$1.71M
X
84
CALL
DELISTED
US Steel
X
$1.81M 0.21%
100,000
+15,000
+18% +$321K
MX icon
85
CALL
Magnachip Semiconductor
MX
$118M
$1.8M 0.21%
175,800
+128,300
+270% +$1.68M
SJI
86
DELISTED
South Jersey Industries, Inc.
SJI
$1.78M 0.2%
53,176
+20,052
+61% +$684K
TECX
87
Tectonic Therapeutic
TECX
$562M
$1.76M 0.2%
228,201
+135,270
+146% +$1.5M
BDTX icon
88
Black Diamond Therapeutics
BDTX
$101M
$1.74M 0.2%
1,031,511
+523,859
+103% +$1.62M
SAVE
89
DELISTED
Spirit Airlines, Inc.
SAVE
$1.69M 0.19%
+89,902
New +$2.11M
BN icon
90
Brookfield
BN
$104B
$1.69M 0.19%
76,447
-13,730
-15% -$355K
EQNR icon
91
CALL
Equinor
EQNR
$90.9B
$1.66M 0.19%
+50,000
New +$1.8M
INSP icon
92
CALL
Inspire Medical Systems
INSP
$1.5B
$1.6M 0.18%
9,000
+1,400
+18% +$281K
IWM icon
93
iShares Russell 2000 ETF
IWM
$80.4B
$1.49M 0.17%
+9,022
New +$1.65M
PMCB icon
94
PharmaCyte Biotech
PMCB
$6.33M
$1.47M 0.17%
611,163
+520,068
+571% +$1.32M
TSEM icon
95
Tower Semiconductor
TSEM
$22.9B
$1.3M 0.15%
29,682
– –
WING icon
96
CALL
Wingstop
WING
$3.67B
$1.25M 0.14%
+10,000
New +$1.2M
FHN icon
97
First Horizon
FHN
$12.3B
$1.25M 0.14%
54,349
-11,502
-17% -$261K
CCL icon
98
PUT
Carnival Corporation Ltd
CCL
$38.7B
$1.23M 0.14%
175,000
+67,500
+63% +$654K
AA icon
99
Alcoa
AA
$11.7B
$1.18M 0.14%
+35,000
New +$1.63M
DKNG icon
100
CALL
DraftKings
DKNG
$12.2B
$1.15M 0.13%
+76,000
New +$1.21M
2 3
4
5 6

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WIM
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LCG
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CCM
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K2 Principal Fund's Q3 2022 Portfolio in Review

As of Q3 2022, K2 Principal Fund held 420 positions worth $871M, down 3.9% from $907M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

K2 Principal Fund withdrew a net $72.1M in Q3 2022, closing 133 positions and reducing 66 holdings. Its most notable exit was Tesla, an estimated $52M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8% of assets, down from 13% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $23.3M.

  • K2 Principal Fund's largest Q3 2022 buy was Mr. Cooper: 574,409 shares worth $23.3M.
  • K2 Principal Fund added most to San Juan Basin Royalty Trust in Q3 2022, an estimated $8.97M increase.
  • K2 Principal Fund's biggest Q3 2022 reduction was Coinbase, cutting an estimated $16M.
  • K2 Principal Fund fully exited Tesla in Q3 2022, selling an estimated $52M.
  • K2 Principal Fund's ten largest holdings make up 32% of its $871M portfolio in Q3 2022.
  • K2 Principal Fund opened 69 new positions and closed 133 in Q3 2022.
  • K2 Principal Fund's portfolio value fell 3.9% quarter-over-quarter to $871M.

Based on K2 Principal Fund's 13F filing for Q3 2022, filed 14 Nov 2022.