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
+9.21%
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
$725M
AUM Growth
-$63M
Cap. Flow
-$143M
Cap. Flow %
-19.69%
Top 10 Hldgs %
22.96%
Holding
394
New
118
Increased
38
Reduced
57
Closed
98

Top Buys

Rank Stock Value
1
MAG
MAG Silver
MAG
+$5.72M
2
GTEN
Gores Holdings X
GTEN
+$3.99M
3
JNPR
Juniper Networks
JNPR
+$3.58M
4
RAC
Rithm Acquisition Corp
RAC
+$3.5M
5
CORZ icon
Core Scientific
CORZ
+$3.47M

Top Sells

Rank Stock Value
1
GLD icon
SPDR Gold Trust
GLD
+$16.8M
2
HVII
Hennessy Capital Investment Corp VII
HVII
+$5.97M
3
SEI
Solaris Energy Infrastructure
SEI
+$5.9M
4
RAC.U
Rithm Acquisition Corp Units
RAC.U
+$3.54M
5
SVCC
Stellar V Capital Corp
SVCC
+$3.4M

Sector Composition

Rank Sector Weight
1 Financials 11.62%
2 Technology 4.89%
3 Consumer Discretionary 1.89%
4 Energy 1.63%
5 Communication Services 1.35%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
FTW
76
Presidio Production Co
FTW
$344M
$1.83M 0.25%
174,421
– –
BTI icon
77
British American Tobacco
BTI
$131B
$1.81M 0.25%
+38,200
New +$1.69M
AXINU
78
Axiom Intelligence Acquisition Corp 1 Units
AXINU
$1.79M 0.25%
+177,159
New +$1.79M
RTAC
79
Renatus Tactical Acquisition Corp I
RTAC
$326M
$1.71M 0.24%
+145,320
New +$1.67M
BTU icon
80
CALL
Peabody Energy
BTU
$2.81B
$1.68M 0.23%
+125,000
New +$1.65M
XPOF icon
81
Xponential Fitness
XPOF
$278M
$1.66M 0.23%
221,043
+131,043
+146% +$1.09M
ATII
82
Archimedes Tech SPAC Partners II Co
ATII
$316M
$1.64M 0.23%
+160,170
New +$1.61M
CRWV
83
PUT
CoreWeave
CRWV
$38.6B
$1.63M 0.22%
+10,000
New +$922K
SAND
84
DELISTED
Sandstorm Gold
SAND
$1.6M 0.22%
+170,000
New +$1.46M
ENPH icon
85
PUT
Enphase Energy
ENPH
$5.01B
$1.59M 0.22%
+40,000
New +$1.85M
PKST
86
DELISTED
Peakstone Realty Trust
PKST
$1.54M 0.21%
116,697
+49,188
+73% +$605K
FERA
87
Fifth Era Acquisition Corp I
FERA
$326M
$1.52M 0.21%
+150,000
New +$1.51M
LWACU
88
LightWave Acquisition Corp Units
LWACU
$1.51M 0.21%
+150,000
New +$1.51M
DKS icon
89
Dick's Sporting Goods
DKS
$18.4B
$1.48M 0.2%
+7,500
New +$1.39M
FL
90
DELISTED
Foot Locker
FL
$1.47M 0.2%
+60,000
New +$1.09M
FLYY
91
DELISTED
Spirit Aviation Holdings, Inc.
FLYY
$1.44M 0.2%
+287,976
New +$1.72M
DBX icon
92
PUT
Dropbox
DBX
$7.13B
$1.43M 0.2%
+50,000
New +$1.42M
VOO icon
93
CALL
Vanguard S&P 500 ETF
VOO
$968B
$1.42M 0.2%
2,500
-10,000
-80% -$5.26M
OC icon
94
CALL
Owens Corning
OC
$11.6B
$1.38M 0.19%
+10,000
New +$1.38M
AVGO icon
95
Broadcom
AVGO
$1.82T
$1.34M 0.18%
4,854
+782
+19% +$170K
MCGAU
96
Yorkville Acquisition Corp Unit
MCGAU
$157M
$1.29M 0.18%
+115,000
New +$1.27M
AGS
97
DELISTED
PlayAGS
AGS
$1.25M 0.17%
99,918
– –
MU icon
98
Micron Technology
MU
$1.02T
$1.23M 0.17%
+10,000
New +$934K
ARES icon
99
CALL
Ares Management
ARES
$28.8B
$1.21M 0.17%
+7,000
New +$1.11M
CCIX
100
Churchill Capital Corp IX
CCIX
$399M
$1.2M 0.17%
114,350
+41,250
+56% +$449K
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 Q2 2025 Portfolio in Review

As of Q2 2025, K2 Principal Fund held 394 positions worth $725M, down 8% from $788M the previous quarter. Its ten largest holdings account for 23% of the portfolio.

K2 Principal Fund withdrew a net $143M in Q2 2025, closing 98 positions and reducing 57 holdings. Its most notable exit was Solaris Energy Infrastructure, an estimated $5.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 12% of assets, up from 6.1% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, K2 Principal Fund opened a new position in MAG Silver worth $6.8M.

  • K2 Principal Fund's largest Q2 2025 buy was MAG Silver: 321,870 shares worth $6.8M.
  • K2 Principal Fund added most to Kodiak AI in Q2 2025, an estimated $2.97M increase.
  • K2 Principal Fund's biggest Q2 2025 reduction was SPDR Gold Trust, cutting an estimated $16.8M.
  • K2 Principal Fund fully exited Solaris Energy Infrastructure in Q2 2025, selling an estimated $5.9M.
  • K2 Principal Fund's ten largest holdings make up 23% of its $725M portfolio in Q2 2025.
  • K2 Principal Fund opened 118 new positions and closed 98 in Q2 2025.
  • K2 Principal Fund's portfolio value fell 8% quarter-over-quarter to $725M.

Based on K2 Principal Fund's 13F filing for Q2 2025, filed 14 Aug 2025.