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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
KDK
76
Kodiak AI
KDK
$794M
$1.1M 0.16%
101,694
+200
+0.2% +$2.15K
MDU icon
77
CALL
MDU Resources
MDU
$4.31B
$1.1M 0.16%
72,200
-288,800
-80% -$4.11M
BAM icon
78
Brookfield Asset Management
BAM
$76.7B
$1.09M 0.16%
+17,096
New +$716K
GODN
79
DELISTED
Golden Star Acquisition Corporation Ordinary Shares
GODN
$1.09M 0.16%
100,000
-6,740
-6% -$73.3K
STLD icon
80
Steel Dynamics
STLD
$37.5B
$1.06M 0.15%
8,400
-3,700
-31% -$450K
VOO icon
81
PUT
Vanguard S&P 500 ETF
VOO
$971B
$1.06M 0.15%
+2,000
New +$1.02M
BOCN
82
DELISTED
Blue Ocean Acquisition Corp Class A Ordinary Shares
BOCN
$1.02M 0.15%
+90,000
New +$1.02M
XHB icon
83
State Street SPDR S&P Homebuilders ETF
XHB
$1.69B
$996K 0.14%
+8,000
New +$904K
HCC icon
84
CALL
Warrior Met Coal
HCC
$4.17B
$959K 0.14%
+15,000
New +$932K
WGMI icon
85
PUT
CoinShares ETF Trust CoinShares Bitcoin Mining ETF
WGMI
$242M
$951K 0.14%
+50,000
New +$986K
ALB icon
86
CALL
Albemarle
ALB
$13.3B
$947K 0.14%
+10,000
New +$888K
PII icon
87
PUT
Polaris
PII
$4.07B
$932K 0.13%
+11,200
New +$910K
SDIG
88
DELISTED
Stronghold Digital Mining, Inc. Class A Common Stock
SDIG
$882K 0.13%
+174,561
New +$687K
NVEI
89
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
$857K 0.12%
25,711
+14,552
+130% +$481K
WEL
90
DELISTED
Integrated Wellness Acquisition Corp
WEL
$849K 0.12%
+72,000
New +$842K
RCL icon
91
Royal Caribbean
RCL
$86.5B
$843K 0.12%
4,754
+1,454
+44% +$236K
INTC icon
92
CALL
Intel
INTC
$435B
$821K 0.12%
+35,000
New +$874K
MLM icon
93
CALL
Martin Marietta Materials
MLM
$35B
$807K 0.12%
+1,500
New +$811K
MLM icon
94
Martin Marietta Materials
MLM
$35B
$807K 0.12%
+1,500
New +$811K
AGS
95
DELISTED
PlayAGS
AGS
$796K 0.11%
69,918
+31,801
+83% +$361K
MU icon
96
Micron Technology
MU
$927B
$778K 0.11%
7,500
+2,000
+36% +$209K
NLOP
97
CALL
Net Lease Office Properties
NLOP
$179M
$766K 0.11%
25,000
– –
AY
98
DELISTED
Atlantica Sustainable Infrastructure plc Ordinary Shares
AY
$758K 0.11%
34,494
– –
GROY icon
99
Gold Royalty Corp
GROY
$598M
$731K 0.11%
537,175
-223,809
-29% -$304K
CCJ icon
100
CALL
Cameco
CCJ
$37.9B
$683K 0.1%
+14,300
New +$623K
2 3
4
5 6

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KGI
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SC
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WIM
Weitz Investment Management Omaha, Nebraska $1.43B AUM 0.51% 1-Year Est. Return
LCG
Luxor Capital Group New York $1.43B AUM 30.88% 1-Year Est. Return
CCM
Callodine Capital Management Boston, Massachusetts $1.43B AUM 8.74% 1-Year Est. Return
TS
Triglav Skladi Ljubljana, Slovenia $1.43B AUM 39.24% 1-Year Est. Return
SMA
Sage Mountain Advisors Atlanta, Georgia $1.43B AUM 16.47% 1-Year Est. Return
SCA
Stonebridge Capital Advisors St Paul, Minnesota $1.43B AUM 21.98% 1-Year Est. Return

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.