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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
-0.62%
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
$477M
AUM Growth
+$40.2M
Cap. Flow
-$122M
Cap. Flow %
-25.62%
Top 10 Hldgs %
32.85%
Holding
320
New
93
Increased
27
Reduced
48
Closed
94

Top Buys

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.4M
2
COOP
Mr. Cooper
COOP
+$7.77M
3
GMED icon
Globus Medical
GMED
+$3.92M
4
CVE icon
Cenovus Energy
CVE
+$3.82M
5
TSEM icon
Tower Semiconductor
TSEM
+$3.17M

Top Sells

Rank Stock Value
1
WRLD icon
World Acceptance Corp
WRLD
+$7.53M
2
NUVA
NuVasive, Inc.
NUVA
+$4.42M
3
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$3.33M
4
LSI
Life Storage, Inc.
LSI
+$3.09M
5
ILLM
illumin Holdings Inc. Common Shares
ILLM
+$2.86M

Sector Composition

Rank Sector Weight
1 Technology 6.54%
2 Healthcare 4.19%
3 Financials 3.85%
4 Energy 2.45%
5 Real Estate 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSEM icon
76
CALL
Tower Semiconductor
TSEM
$22.9B
$614K 0.13%
+25,000
New +$801K
PACW
77
DELISTED
PacWest Bancorp
PACW
$582K 0.12%
+73,541
New +$614K
INN
78
PUT
Summit Hotel Properties
INN
$743M
$580K 0.12%
+100,000
New +$597K
LEN icon
79
PUT
Lennar Class A
LEN
$21.1B
$561K 0.12%
+5,165
New +$606K
BL icon
80
CALL
BlackLine
BL
$1.87B
$555K 0.12%
10,000
– –
PMCB icon
81
PharmaCyte Biotech
PMCB
$6.33M
$543K 0.11%
258,481
+104,249
+68% +$266K
UBS icon
82
UBS Group
UBS
$171B
$542K 0.11%
22,000
-13,000
-37% -$304K
MNTN
83
DELISTED
Everest Consolidator Acquisition Corporation
MNTN
$526K 0.11%
48,647
-21,613
-31% -$232K
UHAL icon
84
U-Haul Holding Co
UHAL
$14.3B
$468K 0.1%
8,580
-29,182
-77% -$1.7M
XPL icon
85
Solitario Resources
XPL
$67.9M
$454K 0.1%
850,000
-34,953
-4% -$20.2K
SMTC icon
86
Semtech
SMTC
$10.4B
$422K 0.09%
16,400
-4,600
-22% -$121K
DEN
87
DELISTED
Denbury Inc.
DEN
$412K 0.09%
+4,201
New +$380K
HUBCZ icon
88
Hub Cyber Security Warrant
HUBCZ
$85.5K
$409K 0.09%
2,153,811
– –
EMCG
89
DELISTED
Embrace Change Acquisition Corp
EMCG
$405K 0.08%
+37,633
New +$402K
HUBC icon
90
Hub Cyber Security
HUBC
$6.51M
$379K 0.08%
1
– –
FRLA
91
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$357K 0.07%
+32,707
New +$356K
LFAC
92
DELISTED
LF Capital Acquisition Corp. II Class A Common Stock
LFAC
$354K 0.07%
+32,679
New +$353K
HTZ icon
93
Hertz
HTZ
$557M
$350K 0.07%
28,585
-156,372
-85% -$2.61M
AAC.WS
94
DELISTED
Ares Acquisition Corporation Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
AAC.WS
$348K 0.07%
+526,359
New +$417K
CCL icon
95
CALL
Carnival Corporation Ltd
CCL
$38.7B
$343K 0.07%
+25,000
New +$414K
VGAS icon
96
Verde Clean Fuels
VGAS
$24.7M
$297K 0.06%
78,810
+3,810
+5% +$17.8K
BHR
97
PUT
Braemar Hotels & Resorts
BHR
$160M
$277K 0.06%
+100,000
New +$310K
DHI icon
98
PUT
D.R. Horton
DHI
$42.3B
$269K 0.06%
+2,500
New +$299K
RWT
99
PUT
Redwood Trust
RWT
$587M
$267K 0.06%
37,500
– –
KIM icon
100
Kimco Realty
KIM
$17.7B
$266K 0.06%
+15,123
New +$294K
2 3
4
5 6

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SC
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WIM
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LCG
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CCM
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TS
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SMA
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SCA
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K2 Principal Fund's Q3 2023 Portfolio in Review

As of Q3 2023, K2 Principal Fund held 320 positions worth $477M, up 9.2% from $437M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

K2 Principal Fund withdrew a net $122M in Q3 2023, closing 94 positions and reducing 48 holdings. Its most notable exit was World Acceptance Corp, an estimated $7.53M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 5.6% a quarter earlier, followed by Healthcare and Financials.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $7.57M.

  • K2 Principal Fund's largest Q3 2023 buy was Mr. Cooper: 141,363 shares worth $7.57M.
  • K2 Principal Fund added most to ARS Pharmaceuticals in Q3 2023, an estimated $8.4M increase.
  • K2 Principal Fund's biggest Q3 2023 reduction was PennyMac Mortgage Investment, cutting an estimated $2.73M.
  • K2 Principal Fund fully exited World Acceptance Corp in Q3 2023, selling an estimated $7.53M.
  • K2 Principal Fund's ten largest holdings make up 33% of its $477M portfolio in Q3 2023.
  • K2 Principal Fund opened 93 new positions and closed 94 in Q3 2023.
  • K2 Principal Fund's portfolio value rose 9.2% quarter-over-quarter to $477M.

Based on K2 Principal Fund's 13F filing for Q3 2023, filed 13 Nov 2023.