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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
+9.18%
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
$579M
AUM Growth
-$206M
Cap. Flow
-$356M
Cap. Flow %
-61.45%
Top 10 Hldgs %
27.08%
Holding
345
New
120
Increased
30
Reduced
40
Closed
108

Top Buys

Rank Stock Value
1
IAU icon
iShares Gold Trust
IAU
+$8.11M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$6.24M
3
DJT icon
Trump Media & Technology Group
DJT
+$5.82M
4
INTC icon
Intel
INTC
+$3.56M
5
ZEO
Zeo Energy
ZEO
+$3.48M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$13.2M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$6.23M
3
IVCB
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
+$3.62M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.55M
5
TRP icon
TC Energy
TRP
+$3.13M

Sector Composition

Rank Sector Weight
1 Financials 7.82%
2 Healthcare 4.46%
3 Technology 4.07%
4 Energy 3.13%
5 Industrials 2.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IGTA
76
DELISTED
Inception Growth Acquisition Limited Common Stock
IGTA
$1.16M 0.2%
+106,686
New +$1.15M
TMTC
77
DELISTED
TMT Acquisition Corp Ordinary Shares
TMTC
$1.16M 0.2%
+108,285
New +$1.15M
CLF icon
78
CALL
Cleveland-Cliffs
CLF
$6.49B
$1.14M 0.2%
+50,000
New +$991K
MRVL icon
79
Marvell Technology
MRVL
$147B
$1.13M 0.2%
+16,000
New +$1.1M
FRLA
80
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$1.11M 0.19%
99,999
+72,738
+267% +$806K
AIEV
81
DELISTED
Thunder Power Holdings, Inc. Common Stock
AIEV
$1.09M 0.19%
+100,624
New +$1.1M
NPAB
82
DELISTED
New Providence Acquisition Corp. II Class A Common Stock
NPAB
$1.08M 0.19%
+99,915
New +$1.07M
ETRN
83
DELISTED
Equitrans Midstream Corporation Common Stock
ETRN
$1.07M 0.18%
+85,566
New +$918K
DPCS
84
DELISTED
DP Cap Acquisition Corp I Class A Ordinary Shares
DPCS
$1.06M 0.18%
+96,746
New +$1.06M
GODN
85
DELISTED
Golden Star Acquisition Corporation Ordinary Shares
GODN
$1.06M 0.18%
+99,545
New +$1.05M
RCL icon
86
Royal Caribbean
RCL
$86.8B
$1.05M 0.18%
7,570
-7,430
-50% -$928K
VCXB
87
DELISTED
10X Capital Venture Acquisition Corp III
VCXB
$1.03M 0.18%
+95,380
New +$1.03M
CETU
88
DELISTED
Cetus Capital Acquisition Corp. Class A Common Stock
CETU
$1.02M 0.18%
+95,850
New +$1.01M
LEGT.U
89
DELISTED
Legato Merger Corp III Units
LEGT.U
$1.01M 0.18%
+100,000
New +$1.01M
NEM icon
90
PUT
Newmont
NEM
$96.2B
$986K 0.17%
+27,500
New +$948K
JNPR
91
DELISTED
Juniper Networks
JNPR
$978K 0.17%
+26,400
New +$964K
ABTC
92
American Bitcoin Corp
ABTC
$379M
$971K 0.17%
8,685
+8,489
+4,331% +$2.57M
AIRJ
93
Montana Technologies Corp
AIRJ
$291M
$948K 0.16%
+83,963
New +$983K
MKSI icon
94
MKS Inc
MKSI
$17.4B
$944K 0.16%
+7,100
New +$825K
PLL
95
CALL
DELISTED
Piedmont Lithium
PLL
$932K 0.16%
+70,000
New +$1.12M
XFIN
96
DELISTED
ExcelFin Acquisition Corp Class A Common Stock
XFIN
$918K 0.16%
83,988
+32,500
+63% +$352K
UHAL.B icon
97
U-Haul Holding Co Series N
UHAL.B
$12.4B
$916K 0.16%
13,733
+4,900
+55% +$316K
FEXD
98
DELISTED
Fintech Ecosystem Development Corp. Class A Common Stock
FEXD
$915K 0.16%
+83,137
New +$901K
PRLH
99
DELISTED
Pearl Holdings Acquisition Corp Class A Ordinary Shares
PRLH
$881K 0.15%
81,620
-18,380
-18% -$197K
BWAQ
100
DELISTED
Blue World Acquisition Corporation Class A Ordinary Shares
BWAQ
$839K 0.14%
+75,000
New +$834K
2 3
4
5 6

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KGI
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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 Q1 2024 Portfolio in Review

As of Q1 2024, K2 Principal Fund held 345 positions worth $579M, down 26% from $785M the previous quarter. Its ten largest holdings account for 27% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q1 2024, closing 108 positions and reducing 40 holdings. Its most notable exit was Investcorp Europe Acquisition Corp I Class A Ordinary Shares, an estimated $3.62M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.3% a quarter earlier, followed by Healthcare and Technology.

Against the trend, K2 Principal Fund opened a new position in iShares Bitcoin Trust worth $8.09M.

  • K2 Principal Fund's largest Q1 2024 buy was iShares Bitcoin Trust: 200,000 shares worth $8.09M.
  • K2 Principal Fund added most to iShares Gold Trust in Q1 2024, an estimated $8.11M increase.
  • K2 Principal Fund's biggest Q1 2024 reduction was Mr. Cooper, cutting an estimated $13.2M.
  • K2 Principal Fund fully exited Investcorp Europe Acquisition Corp I Class A Ordinary Shares in Q1 2024, selling an estimated $3.62M.
  • K2 Principal Fund's ten largest holdings make up 27% of its $579M portfolio in Q1 2024.
  • K2 Principal Fund opened 120 new positions and closed 108 in Q1 2024.
  • K2 Principal Fund's portfolio value fell 26% quarter-over-quarter to $579M.

Based on K2 Principal Fund's 13F filing for Q1 2024, filed 14 May 2024.