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KPF

K2 Principal Fund Portfolio holdings

AUM $1.36B
1-Year Est. Return 25.58%
This Fund
S&P 500
This Quarter Est. Return
+2.96%
1 Year Est. Return
+25.58%
3 Year Est. Return
+76.48%
5 Year Est. Return
+60.09%
10 Year Est. Return
+267.47%
AUM
$437M
AUM Growth
-$289M
Cap. Flow
-$218M
Cap. Flow %
-49.8%
Top 10 Hldgs %
29.71%
Holding
349
New
84
Increased
25
Reduced
62
Closed
127

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$5.46M
2
WRLD icon
World Acceptance Corp
WRLD
+$4.62M
3
PFSI icon
PennyMac Financial
PFSI
+$3.57M
4
NUVA
NuVasive, Inc.
NUVA
+$2.9M
5
UHAL icon
U-Haul Holding Co
UHAL
+$2.22M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$10.5M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$9.44M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.96M
4
PMT
PennyMac Mortgage Investment
PMT
+$7.59M
5
AUY
Yamana Gold, Inc.
AUY
+$7.09M

Sector Composition

Rank Sector Weight
1 Miscellaneous 71.94%
2 Financials 6.76%
3 Technology 5.6%
4 Healthcare 3.73%
5 Real Estate 3.63%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TGT icon
76
CALL
Target
TGT
$72.6B
$791K 0.18%
6,000
-161,400
-96% -$24M
XAGE
77
DELISTED
Longevity Health Holdings, Inc. Common Stock
XAGE
$770K 0.18%
+2,491
New +$763K
MNTN
78
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$748K 0.17%
+70,260
New +$742K
TSEM icon
79
Tower Semiconductor
TSEM
$24.8B
$717K 0.16%
+19,100
New +$790K
SJT
80
San Juan Basin Royalty Trust
SJT
$140M
$713K 0.16%
96,016
-1,056,789
-92% -$8.96M
UBS icon
81
UBS Group
UBS
$155B
$709K 0.16%
+35,000
New +$704K
AMC icon
82
PUT
AMC Entertainment Holdings
AMC
$2.42B
$660K 0.15%
+15,000
New +$741K
TSLA icon
83
Tesla
TSLA
$1.45T
$659K 0.15%
+2,518
New +$504K
W icon
84
PUT
Wayfair
W
$14B
$650K 0.15%
+10,000
New +$421K
HUBC icon
85
Hub Cyber Security
HUBC
$9.24M
– –
0
– –
USCT
86
DELISTED
Roth CH Acquisition Co. Class A Ordinary Shares
USCT
$583K 0.13%
55,022
-46
-0.1% -$485
AFRM icon
87
CALL
Affirm
AFRM
$23.7B
$583K 0.13%
38,000
-284,200
-88% -$3.77M
FCX icon
88
Freeport-McMoran
FCX
$102B
$582K 0.13%
+14,545
New +$554K
SGML icon
89
PUT
Sigma Lithium
SGML
$1,000M
$572K 0.13%
14,200
+4,000
+39% +$152K
BL icon
90
CALL
BlackLine
BL
$1.66B
$538K 0.12%
10,000
-25,000
-71% -$1.39M
SMTC icon
91
Semtech
SMTC
$16.6B
$535K 0.12%
21,000
– –
FRPT icon
92
CALL
Freshpet
FRPT
$2.96B
$526K 0.12%
8,000
-261,800
-97% -$17.1M
WEST icon
93
Westrock Coffee
WEST
$760M
$510K 0.12%
93,750
– –
XPL icon
94
Solitario Resources
XPL
$58.4M
$509K 0.12%
884,953
-1,703
-0.2% -$1.03K
RWT
95
Redwood Trust
RWT
$495M
$504K 0.12%
79,062
-503,239
-86% -$3.14M
LXU icon
96
CALL
LSB Industries
LXU
$811M
$493K 0.11%
50,000
-40,000
-44% -$383K
OPEN icon
97
PUT
Opendoor
OPEN
$2.49B
$482K 0.11%
+124,000
New +$269K
CNTM
98
DELISTED
ConnectM Technology Solutions, Inc. Common Stock
CNTM
$477K 0.11%
+45,601
New +$471K
KR icon
99
CALL
Kroger
KR
$36.2B
$470K 0.11%
+10,000
New +$477K
SHO icon
100
CALL
Sunstone Hotel Investors
SHO
$2.05B
$455K 0.1%
+45,000
New +$449K
2 3
4
5 6

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CCA
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PFM
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PP
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FCM
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FBCM
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B
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AIP
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K2 Principal Fund's Q2 2023 Portfolio in Review

As of Q2 2023, K2 Principal Fund held 349 positions worth $437M, down 40% from $727M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

K2 Principal Fund withdrew a net $218M in Q2 2023, closing 127 positions and reducing 62 holdings. Its most notable exit was Mr. Cooper, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Miscellaneous at 72% of assets, down from 74% a quarter earlier, followed by Financials and Technology.

Against the trend, K2 Principal Fund opened a new position in PennyMac Financial worth $3.96M.

  • K2 Principal Fund's largest Q2 2023 buy was PennyMac Financial: 56,373 shares worth $3.96M.
  • K2 Principal Fund added most to Activision Blizzard in Q2 2023, an estimated $5.46M increase.
  • K2 Principal Fund's biggest Q2 2023 reduction was ARS Pharmaceuticals, cutting an estimated $9.44M.
  • K2 Principal Fund fully exited Mr. Cooper in Q2 2023, selling an estimated $10.5M.
  • K2 Principal Fund's ten largest holdings make up 30% of its $437M portfolio in Q2 2023.
  • K2 Principal Fund opened 84 new positions and closed 127 in Q2 2023.
  • K2 Principal Fund's portfolio value fell 40% quarter-over-quarter to $437M.

Based on K2 Principal Fund's 13F filing for Q2 2023, filed 15 Aug 2023.