We are live on ! Find out more
KPF

K2 Principal Fund Portfolio holdings

AUM $1.43B
1-Year Est. Return 29.56%
This Fund
S&P 500
This Quarter Est. Return
+0.32%
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
$788M
AUM Growth
-$112M
Cap. Flow
-$447M
Cap. Flow %
-56.71%
Top 10 Hldgs %
19.01%
Holding
417
New
101
Increased
38
Reduced
59
Closed
100

Top Buys

Rank Stock Value
1
GLD icon
SPDR Gold Trust
GLD
+$14.3M
2
HVII
Hennessy Capital Investment Corp VII
HVII
+$10.3M
3
SPRY icon
ARS Pharmaceuticals
SPRY
+$5.84M
4
FSLR icon
First Solar
FSLR
+$5.33M
5
CEPO
Cantor Equity Partners I
CEPO
+$3.66M

Top Sells

Rank Stock Value
1
IAU icon
iShares Gold Trust
IAU
+$12.4M
2
DYNC
Dynamix Corp
DYNC
+$8.17M
3
GOOG icon
Alphabet (Google) Class C
GOOG
+$7.7M
4
MLACU
Mountain Lake Acquisition Corp Units
MLACU
+$7.51M
5
TDACU
Translational Development Acquisition Corp Units
TDACU
+$6.76M

Sector Composition

Rank Sector Weight
1 Financials 6.07%
2 Energy 2.45%
3 Technology 2.17%
4 Healthcare 1.15%
5 Real Estate 1.15%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CEG icon
76
PUT
Constellation Energy
CEG
$92.1B
$1.01M 0.13%
+5,000
New +$1.34M
MLAC
77
DELISTED
Mountain Lake Acquisition Corp
MLAC
$1M 0.13%
+100,000
New +$1M
TOST icon
78
PUT
Toast
TOST
$18.9B
$995K 0.13%
+30,000
New +$1.12M
GSHRU
79
Gesher Acquisition Corp II Units
GSHRU
$995K 0.13%
+99,180
New +$994K
DIS icon
80
PUT
Walt Disney
DIS
$171B
$987K 0.13%
+10,000
New +$1.07M
XLU icon
81
CALL
State Street Utilities Select Sector SPDR ETF
XLU
$23.1B
$986K 0.13%
+25,000
New +$977K
SPHR icon
82
CALL
Sphere Entertainment
SPHR
$5.02B
$982K 0.12%
30,000
-45,000
-60% -$1.83M
SOC icon
83
Sable Offshore Corp
SOC
$836M
$979K 0.12%
38,590
+11,959
+45% +$306K
NXPI icon
84
NXP Semiconductors
NXPI
$60.8B
$973K 0.12%
5,120
+1,100
+27% +$235K
IBIT icon
85
PUT
iShares Bitcoin Trust
IBIT
$47.2B
$936K 0.12%
+20,000
New +$1.06M
TAC icon
86
PUT
TransAlta
TAC
$3.93B
$935K 0.12%
100,000
– –
PKST
87
DELISTED
Peakstone Realty Trust
PKST
$851K 0.11%
67,509
+28,700
+74% +$325K
CEP
88
DELISTED
Cantor Equity Partners
CEP
$843K 0.11%
+78,449
New +$815K
TGLS icon
89
Tecnoglass
TGLS
$1.99B
$815K 0.1%
11,394
-6,644
-37% -$494K
TPIC
90
CALL
DELISTED
TPI Composites
TPIC
$810K 0.1%
1,000,000
– –
CCIX
91
Churchill Capital Corp IX
CCIX
$789K 0.1%
73,100
– –
CIEN icon
92
Ciena
CIEN
$46.8B
$786K 0.1%
13,013
-8,209
-39% -$649K
PAR icon
93
PAR Technology
PAR
$716M
$776K 0.1%
12,648
-58,793
-82% -$3.94M
TFII icon
94
PUT
TFI International
TFII
$11.6B
$775K 0.1%
+10,000
New +$1.11M
NNAVW
95
DELISTED
NextNav Inc Warrant
NNAVW
$761K 0.1%
172,890
+77,990
+82% +$344K
FCX icon
96
CALL
Freeport-McMoran
FCX
$86.2B
$757K 0.1%
20,000
+10,000
+100% +$383K
XPOF icon
97
Xponential Fitness
XPOF
$286M
$750K 0.1%
+90,000
New +$1.25M
XMTR icon
98
PUT
Xometry
XMTR
$4.47B
$748K 0.09%
+30,000
New +$942K
CWAN
99
PUT
DELISTED
Clearwater Analytics
CWAN
$724K 0.09%
+27,000
New +$758K
ITOS
100
CALL
DELISTED
iTeos Therapeutics
ITOS
$719K 0.09%
120,500
-64,000
-35% -$470K
2 3
4
5 6

Similar funds

KGI
Kopernik Global Investors Tampa, Florida $1.43B AUM 63.57% 1-Year Est. Return
SC
Styrax Capital New York $1.43B AUM 50.63% 1-Year Est. Return
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 Q1 2025 Portfolio in Review

As of Q1 2025, K2 Principal Fund held 417 positions worth $788M, down 12% from $901M the previous quarter. Its ten largest holdings account for 19% of the portfolio.

K2 Principal Fund withdrew a net $447M in Q1 2025, closing 100 positions and reducing 59 holdings. Its most notable exit was iShares Gold Trust, an estimated $12.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.1% of assets, up from 4.7% a quarter earlier, followed by Energy and Technology.

Against the trend, K2 Principal Fund opened a new position in Hennessy Capital Investment Corp VII worth $10.4M.

  • K2 Principal Fund's largest Q1 2025 buy was Hennessy Capital Investment Corp VII: 1,049,683 shares worth $10.4M.
  • K2 Principal Fund added most to SPDR Gold Trust in Q1 2025, an estimated $14.3M increase.
  • K2 Principal Fund's biggest Q1 2025 reduction was Dynamix Corp, cutting an estimated $8.17M.
  • K2 Principal Fund fully exited iShares Gold Trust in Q1 2025, selling an estimated $12.4M.
  • K2 Principal Fund's ten largest holdings make up 19% of its $788M portfolio in Q1 2025.
  • K2 Principal Fund opened 101 new positions and closed 100 in Q1 2025.
  • K2 Principal Fund's portfolio value fell 12% quarter-over-quarter to $788M.

Based on K2 Principal Fund's 13F filing for Q1 2025, filed 15 May 2025.