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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
+2.96%
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
$437M
AUM Growth
-$289M
Cap. Flow
-$451M
Cap. Flow %
-103.14%
Top 10 Hldgs %
29.71%
Holding
349
New
84
Increased
25
Reduced
62
Closed
127

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$5.46M
2
WRLD icon
World Acceptance Corp
WRLD
+$4.62M
3
PFSI icon
PennyMac Financial
PFSI
+$3.57M
4
NUVA
NuVasive, Inc.
NUVA
+$2.9M
5
UHAL icon
U-Haul Holding Co
UHAL
+$2.22M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$10.5M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$9.44M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.96M
4
PMT
PennyMac Mortgage Investment
PMT
+$7.59M
5
AUY
Yamana Gold, Inc.
AUY
+$7.09M

Sector Composition

Rank Sector Weight
1 Financials 6.76%
2 Technology 5.6%
3 Healthcare 3.73%
4 Real Estate 3.63%
5 Industrials 3.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PMCB icon
101
PharmaCyte Biotech
PMCB
$6.28M
$441K 0.1%
154,232
-569,039
-79% -$1.71M
DALS
102
DELISTED
DA32 Life Science Tech Acquisition Corp. Class A Common Stock
DALS
$405K 0.09%
+39,505
New +$403K
LYFT icon
103
CALL
Lyft
LYFT
$5.73B
$403K 0.09%
42,000
-50,000
-54% -$481K
CGC
104
PUT
Canopy Growth
CGC
$390M
$388K 0.09%
100,000
– –
NUE icon
105
Nucor
NUE
$56.4B
$384K 0.09%
+2,343
New +$342K
PLL
106
PUT
DELISTED
Piedmont Lithium
PLL
$375K 0.09%
+6,500
New +$372K
SKE
107
Skeena Resources
SKE
$3.37B
$373K 0.09%
+77,200
New +$452K
HHLA
108
DELISTED
HH&L Acquisition Co.
HHLA
$355K 0.08%
+33,948
New +$353K
FSM icon
109
PUT
Fortuna Silver Mines
FSM
$2.59B
$340K 0.08%
+105,000
New +$375K
CLF icon
110
PUT
Cleveland-Cliffs
CLF
$6.99B
$335K 0.08%
20,000
-80,000
-80% -$1.27M
BFAC
111
DELISTED
Battery Future Acquisition Corp.
BFAC
$308K 0.07%
+29,013
New +$306K
AOGO
112
DELISTED
Arogo Capital Acquisition Corp. Class A Common Stock
AOGO
$283K 0.06%
26,856
-200,567
-88% -$2.1M
NTNX icon
113
CALL
Nutanix
NTNX
$15.4B
$281K 0.06%
+10,000
New +$266K
MT icon
114
CALL
ArcelorMittal
MT
$50.9B
$273K 0.06%
+10,000
New +$275K
CCL icon
115
Carnival Corporation Ltd
CCL
$37.1B
$266K 0.06%
14,106
-35,894
-72% -$420K
PLL
116
CALL
DELISTED
Piedmont Lithium
PLL
$260K 0.06%
4,500
-10,500
-70% -$601K
X
117
DELISTED
US Steel
X
$259K 0.06%
+10,366
New +$241K
LSDI
118
DELISTED
Lucy Scientific Discovery Inc. Common Stock
LSDI
$259K 0.06%
25,000
-4,671
-16% -$53.1K
GENQ
119
DELISTED
Genesis Unicorn Capital Corp. Class A Common Stock
GENQ
$259K 0.06%
+24,047
New +$258K
AIV
120
CALL
Aimco
AIV
$377M
$240K 0.06%
28,200
-21,800
-44% -$177K
RWT
121
PUT
Redwood Trust
RWT
$619M
$239K 0.05%
+37,500
New +$234K
APCA
122
DELISTED
AP Acquisition Corp
APCA
$225K 0.05%
+20,873
New +$222K
ACI icon
123
CALL
Albertsons Companies
ACI
$5.57B
$218K 0.05%
+10,000
New +$208K
TWO
124
Two Harbors Investment
TWO
$1.27B
$213K 0.05%
15,374
-324,385
-95% -$4.28M
UHAL.B icon
125
CALL
U-Haul Holding Co Series N
UHAL.B
$12.5B
$203K 0.05%
4,000
– –
3 4
5
6 7

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WIM
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LCG
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CCM
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SMA
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SCA
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K2 Principal Fund's Q2 2023 Portfolio in Review

As of Q2 2023, K2 Principal Fund held 349 positions worth $437M, down 40% from $727M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

K2 Principal Fund withdrew a net $451M in Q2 2023, closing 127 positions and reducing 62 holdings. Its most notable exit was Mr. Cooper, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.8% of assets, up from 6% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in PennyMac Financial worth $3.96M.

  • K2 Principal Fund's largest Q2 2023 buy was PennyMac Financial: 56,373 shares worth $3.96M.
  • K2 Principal Fund added most to Activision Blizzard in Q2 2023, an estimated $5.46M increase.
  • K2 Principal Fund's biggest Q2 2023 reduction was ARS Pharmaceuticals, cutting an estimated $9.44M.
  • K2 Principal Fund fully exited Mr. Cooper in Q2 2023, selling an estimated $10.5M.
  • K2 Principal Fund's ten largest holdings make up 30% of its $437M portfolio in Q2 2023.
  • K2 Principal Fund opened 84 new positions and closed 127 in Q2 2023.
  • K2 Principal Fund's portfolio value fell 40% quarter-over-quarter to $437M.

Based on K2 Principal Fund's 13F filing for Q2 2023, filed 15 Aug 2023.