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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
+3.76%
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
$1.27B
AUM Growth
+$124M
Cap. Flow
-$50.2M
Cap. Flow %
-3.97%
Top 10 Hldgs %
32.68%
Holding
503
New
191
Increased
39
Reduced
29
Closed
203

Top Buys

Rank Stock Value
1
PRPB
CC Neuberger Principal Holdings II Class A Ordinary Shares
PRPB
+$9.53M
2
SVOK
Seven Oaks Acquisition Corp. Class A Common Stock
SVOK
+$8.94M
3
NOAC
Natural Order Acquisition Corp. Common Stock
NOAC
+$7.93M
4
VWE
Vintage Wine Estates, Inc. Common Stock
VWE
+$7.15M
5
MGLN
Magellan Health Services, Inc.
MGLN
+$5.69M

Top Sells

Rank Stock Value
1
CIXX
CI Financial Corp.
CIXX
+$27M
2
PFSI icon
PennyMac Financial
PFSI
+$18.5M
3
LCID icon
Lucid Motors
LCID
+$13.2M
4
VHAQ.U
Viveon Health Acquisition Corp. Units, each consisting of one share of common stock, one Warrant entitling the holder to purchase one-half of a share of common stock, and one right to receive one-twentieth of a share of common stock
VHAQ.U
+$12.8M
5
NOACU
Natural Order Acquisition Corp. Unit
NOACU
+$10.9M

Sector Composition

Rank Sector Weight
1 Financials 10.19%
2 Healthcare 3.67%
3 Technology 2.91%
4 Real Estate 2.06%
5 Consumer Staples 1.89%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CSV icon
101
Carriage Services
CSV
$642M
$2.54M 0.2%
72,181
-74,753
-51% -$2.59M
AYX
102
CALL
DELISTED
Alteryx Inc
AYX
$2.54M 0.2%
+30,600
New +$3.24M
GCMGW
103
DELISTED
GCM Grosvenor Inc Warrant
GCMGW
$2.53M 0.2%
+2,162,099
New +$3.5M
PFPT
104
DELISTED
Proofpoint, Inc.
PFPT
$2.52M 0.2%
20,000
-26,000
-57% -$3.39M
AYX
105
DELISTED
Alteryx Inc
AYX
$2.49M 0.2%
30,000
+27,500
+1,100% +$2.91M
FTPAU
106
DELISTED
FTAC Parnassus Acquisition Corp. Unit
FTPAU
$2.48M 0.2%
+250,000
New +$2.52M
DVA icon
107
CALL
DaVita
DVA
$15.5B
$2.48M 0.2%
+23,000
New +$2.56M
NRDY icon
108
Nerdy
NRDY
$108M
$2.48M 0.2%
+250,100
New +$2.72M
SKINW
109
DELISTED
The Beauty Health Company Warrant expiring 5/4/2026
SKINW
$2.44M 0.19%
+1,171,688
New +$2.88M
NIR
110
DELISTED
Near Intelligence, Inc. Common Stock
NIR
$2.43M 0.19%
+250,000
New +$2.45M
FXI icon
111
CALL
iShares China Large-Cap ETF
FXI
$4.32B
$2.33M 0.18%
50,000
– –
PRPC.U
112
DELISTED
CC Neuberger Principal Holdings III Units, each consisting of one Class A ordinary share, and one-fifth of one redeemable warrant
PRPC.U
$2.32M 0.18%
+231,969
New +$2.39M
DUST icon
113
Direxion Daily Gold Miners Index Bear 2X ETF
DUST
$73.1M
$2.31M 0.18%
1,034
+852
+468% +$1.8M
CIT
114
DELISTED
CIT Group Inc.
CIT
$2.31M 0.18%
+44,789
New +$2.01M
ALSK
115
DELISTED
Alaska Communications Systems
ALSK
$2.3M 0.18%
+708,875
New +$2.32M
FPAC
116
DELISTED
Far Peak Acquisition Corporation
FPAC
$2.3M 0.18%
+235,697
New +$2.42M
CFFVU
117
DELISTED
CF Acquisition Corp. V Unit
CFFVU
$2.29M 0.18%
+229,398
New +$2.38M
BMRN icon
118
CALL
BioMarin Pharmaceuticals
BMRN
$11.9B
$2.27M 0.18%
30,000
+15,000
+100% +$1.23M
RMGB
119
DELISTED
RMG Acquisition Corp. II Class A Ordinary Shares
RMGB
$2.26M 0.18%
+225,438
New +$2.44M
OWLT icon
120
Owlet
OWLT
$146M
$2.21M 0.17%
+15,944
New +$2.28M
EWW icon
121
CALL
iShares MSCI Mexico ETF
EWW
$1.88B
$2.19M 0.17%
50,000
– –
RSVR icon
122
Reservoir Media
RSVR
$725M
$2.18M 0.17%
+220,146
New +$2.29M
ABBV icon
123
CALL
AbbVie
ABBV
$471B
$2.16M 0.17%
20,000
-5,000
-20% -$535K
GDXJ icon
124
CALL
VanEck Junior Gold Miners ETF
GDXJ
$6.87B
$2.16M 0.17%
+48,000
New +$2.36M
MERC icon
125
CALL
Mercer International
MERC
$42.2M
$2.15M 0.17%
+149,700
New +$1.99M
3 4
5
6 7

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LCG
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K2 Principal Fund's Q1 2021 Portfolio in Review

As of Q1 2021, K2 Principal Fund held 503 positions worth $1.27B, up 11% from $1.14B the previous quarter. Its ten largest holdings account for 33% of the portfolio.

K2 Principal Fund withdrew a net $50.2M in Q1 2021, closing 203 positions and reducing 29 holdings. Its most notable exit was Lucid Motors, an estimated $13.2M position sold in full.

By sector, the portfolio is most concentrated in Financials at 10% of assets, down from 11% a quarter earlier, followed by Healthcare and Technology.

Against the trend, K2 Principal Fund opened a new position in CC Neuberger Principal Holdings II Class A Ordinary Shares worth $8.96M.

  • K2 Principal Fund's largest Q1 2021 buy was CC Neuberger Principal Holdings II Class A Ordinary Shares: 909,258 shares worth $8.96M.
  • K2 Principal Fund added most to Varian Medical Systems, Inc. in Q1 2021, an estimated $5.13M increase.
  • K2 Principal Fund's biggest Q1 2021 reduction was CI Financial Corp., cutting an estimated $27M.
  • K2 Principal Fund fully exited Lucid Motors in Q1 2021, selling an estimated $13.2M.
  • K2 Principal Fund's ten largest holdings make up 33% of its $1.27B portfolio in Q1 2021.
  • K2 Principal Fund opened 191 new positions and closed 203 in Q1 2021.
  • K2 Principal Fund's portfolio value rose 11% quarter-over-quarter to $1.27B.

Based on K2 Principal Fund's 13F filing for Q1 2021, filed 14 May 2021.