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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
+4.79%
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
$785M
AUM Growth
+$308M
Cap. Flow
-$1.15M
Cap. Flow %
-0.15%
Top 10 Hldgs %
37.08%
Holding
337
New
107
Increased
33
Reduced
35
Closed
107

Top Buys

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$8.17M
2
IVCB
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
+$3.6M
3
TXNM
TXNM Energy Inc
TXNM
+$3.43M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.39M
5
PXD
Pioneer Natural Resource Co.
PXD
+$3.12M

Top Sells

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$9.83M
2
VMW
VMware, Inc
VMW
+$6.21M
3
CVE icon
Cenovus Energy
CVE
+$4.16M
4
GMED icon
Globus Medical
GMED
+$3.48M
5
NATI
National Instruments Corp
NATI
+$3.35M

Sector Composition

Rank Sector Weight
1 Financials 8.26%
2 Healthcare 2.22%
3 Technology 1.63%
4 Energy 1.34%
5 Consumer Discretionary 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
HTZ icon
101
CALL
Hertz
HTZ
$556M
$637K 0.08%
61,300
-43,200
-41% -$417K
PTON icon
102
CALL
Peloton Interactive
PTON
$2.84B
$625K 0.08%
+102,700
New +$553K
ASCA
103
DELISTED
A SPAC I Acquisition Corp. Class A Ordinary Share
ASCA
$623K 0.08%
57,132
-22,467
-28% -$244K
UHAL.B icon
104
U-Haul Holding Co Series N
UHAL.B
$12.6B
$622K 0.08%
8,833
-37,100
-81% -$2.02M
GRND icon
105
PUT
Grindr
GRND
$2.95B
$616K 0.08%
+70,200
New +$474K
OPA
106
DELISTED
Magnum Opus Acquisition Limited
OPA
$604K 0.08%
+56,000
New +$600K
PGSS
107
DELISTED
Pegasus Digital Mobility Acquisition Corp.
PGSS
$586K 0.07%
+53,018
New +$585K
RFAC
108
DELISTED
RF Acquisition Corp. Class A Common Stock
RFAC
$557K 0.07%
+51,875
New +$554K
XFIN
109
DELISTED
ExcelFin Acquisition Corp Class A Common Stock
XFIN
$551K 0.07%
+51,488
New +$548K
SLV icon
110
CALL
iShares Silver Trust
SLV
$27.6B
$545K 0.07%
+25,000
New +$532K
HUBCZ icon
111
Hub Cyber Security Warrant
HUBCZ
$85.5K
$538K 0.07%
2,153,811
– –
JBLU icon
112
CALL
JetBlue
JBLU
$2.23B
$532K 0.07%
+95,800
New +$449K
FCX icon
113
Freeport-McMoran
FCX
$88.6B
$485K 0.06%
+11,400
New +$421K
XPL icon
114
Solitario Resources
XPL
$67.9M
$476K 0.06%
850,000
– –
CZR icon
115
CALL
Caesars Entertainment
CZR
$6.1B
$469K 0.06%
+10,000
New +$444K
JWSM
116
DELISTED
Jaws Mustang Acquisition Corp.
JWSM
$467K 0.06%
+42,856
New +$464K
LUCK
117
PUT
Lucky Strike Entertainment
LUCK
$955M
$425K 0.05%
+30,000
New +$329K
MSSA
118
DELISTED
Metal Sky Star Acquisition Corporation Ordinary shares
MSSA
$424K 0.05%
+38,784
New +$424K
VLO icon
119
Valero Energy
VLO
$88.7B
$416K 0.05%
+3,200
New +$407K
KGC icon
120
Kinross Gold
KGC
$28.1B
$379K 0.05%
+62,700
New +$343K
NVRO
121
CALL
DELISTED
NEVRO CORP.
NVRO
$366K 0.05%
+17,000
New +$303K
HTZ icon
122
Hertz
HTZ
$556M
$311K 0.04%
29,888
+1,303
+5% +$12.6K
FRLA
123
DELISTED
Fortune Rise Acquisition Corporation Class A Common Stock
FRLA
$299K 0.04%
27,261
-5,446
-17% -$59.7K
UHAL icon
124
U-Haul Holding Co
UHAL
$14.3B
$294K 0.04%
4,093
-4,487
-52% -$254K
ARIZ
125
DELISTED
Arisz Acquisition Corp. Common Stock
ARIZ
$278K 0.04%
+25,453
New +$275K
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 Q4 2023 Portfolio in Review

As of Q4 2023, K2 Principal Fund held 337 positions worth $785M, up 64% from $477M the previous quarter. Its ten largest holdings account for 37% of the portfolio.

K2 Principal Fund's Q4 2023 filing shows 107 new, 33 increased, 35 reduced and 107 closed positions. Its largest new stake was Investcorp Europe Acquisition Corp I Class A Ordinary Shares: 328,498 shares worth $3.62M. The largest sale was Activision Blizzard, an estimated $9.83M.

By sector, the portfolio is most concentrated in Financials at 8.3% of assets, up from 3.8% a quarter earlier, followed by Healthcare and Technology.

  • K2 Principal Fund's largest Q4 2023 buy was Investcorp Europe Acquisition Corp I Class A Ordinary Shares: 328,498 shares worth $3.62M.
  • K2 Principal Fund added most to Mr. Cooper in Q4 2023, an estimated $8.17M increase.
  • K2 Principal Fund's biggest Q4 2023 reduction was U-Haul Holding Co Series N, cutting an estimated $2.02M.
  • K2 Principal Fund fully exited Activision Blizzard in Q4 2023, selling an estimated $9.83M.
  • K2 Principal Fund's ten largest holdings make up 37% of its $785M portfolio in Q4 2023.
  • K2 Principal Fund opened 107 new positions and closed 107 in Q4 2023.
  • K2 Principal Fund's portfolio value rose 64% quarter-over-quarter to $785M.

Based on K2 Principal Fund's 13F filing for Q4 2023, filed 14 Feb 2024.