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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
+9.18%
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
$579M
AUM Growth
-$206M
Cap. Flow
-$356M
Cap. Flow %
-61.45%
Top 10 Hldgs %
27.08%
Holding
345
New
120
Increased
30
Reduced
40
Closed
108

Top Buys

Rank Stock Value
1
IAU icon
iShares Gold Trust
IAU
+$8.11M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$6.24M
3
DJT icon
Trump Media & Technology Group
DJT
+$5.82M
4
INTC icon
Intel
INTC
+$3.56M
5
ZEO
Zeo Energy
ZEO
+$3.48M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$13.2M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$6.23M
3
IVCB
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
+$3.62M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.55M
5
TRP icon
TC Energy
TRP
+$3.13M

Sector Composition

Rank Sector Weight
1 Financials 7.82%
2 Healthcare 4.46%
3 Technology 4.07%
4 Energy 3.13%
5 Industrials 2.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
KGC icon
101
Kinross Gold
KGC
$27.7B
$825K 0.14%
134,559
+71,859
+115% +$391K
HSPO
102
DELISTED
Horizon Space Acquisition I Corp
HSPO
$816K 0.14%
+75,000
New +$810K
AOGO
103
DELISTED
Arogo Capital Acquisition Corp. Class A Common Stock
AOGO
$788K 0.14%
+73,291
New +$792K
PMCB icon
104
PharmaCyte Biotech
PMCB
$6.29M
$776K 0.13%
327,503
+22,890
+8% +$49.5K
AFAR
105
DELISTED
Aura FAT Projects Acquisition Corp Class A Ordinary Shares
AFAR
$761K 0.13%
+68,719
New +$757K
EQX icon
106
PUT
Equinox Gold
EQX
$7.07B
$753K 0.13%
+125,000
New +$580K
ZM icon
107
Zoom
ZM
$27.1B
$743K 0.13%
+11,369
New +$758K
BLUA
108
DELISTED
BlueRiver Acquisition Corp.
BLUA
$715K 0.12%
+65,911
New +$710K
LEN icon
109
Lennar Class A
LEN
$20.4B
$688K 0.12%
4,132
-4,907
-54% -$738K
IREN icon
110
Iris Energy
IREN
$10.5B
$675K 0.12%
+125,000
New +$679K
BRZE icon
111
PUT
Braze
BRZE
$3.02B
$665K 0.11%
+15,000
New +$810K
ALB icon
112
CALL
Albemarle
ALB
$13.4B
$659K 0.11%
+5,000
New +$616K
QDRO
113
DELISTED
Quadro Acquisition One Corp. Class A Ordinary Shares
QDRO
$631K 0.11%
+57,525
New +$630K
M icon
114
Macy's
M
$6.51B
$620K 0.11%
+31,027
New +$600K
PRO
115
DELISTED
PROS Holdings
PRO
$610K 0.11%
+16,779
New +$594K
BHAC
116
DELISTED
Focus Impact BH3 Acquisition Company Class A Common Stock
BHAC
$606K 0.1%
57,719
-24,624
-30% -$257K
SMAR
117
PUT
DELISTED
Smartsheet Inc.
SMAR
$578K 0.1%
+15,000
New +$654K
RFAC
118
DELISTED
RF Acquisition Corp. Class A Common Stock
RFAC
$565K 0.1%
52,291
+416
+0.8% +$4.49K
HCC icon
119
Warrior Met Coal
HCC
$4.17B
$565K 0.1%
+9,300
New +$563K
CDNS icon
120
Cadence Design Systems
CDNS
$91.8B
$557K 0.1%
+1,790
New +$529K
PTON icon
121
CALL
Peloton Interactive
PTON
$2.85B
$553K 0.1%
129,100
+26,400
+26% +$130K
UHAL icon
122
U-Haul Holding Co
UHAL
$14B
$551K 0.1%
8,161
+4,068
+99% +$269K
INTE
123
DELISTED
Integral Acquisition Corporation 1 Class A Common Stock
INTE
$540K 0.09%
+50,000
New +$542K
DSKE
124
DELISTED
Daseke, Inc. Common Stock
DSKE
$491K 0.08%
+59,128
New +$484K
CIEN icon
125
Ciena
CIEN
$46.8B
$485K 0.08%
+9,800
New +$517K
3 4
5
6 7

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KGI
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SC
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WIM
Weitz Investment Management Omaha, Nebraska $1.43B AUM 0.51% 1-Year Est. Return
LCG
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CCM
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TS
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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 2024 Portfolio in Review

As of Q1 2024, K2 Principal Fund held 345 positions worth $579M, down 26% from $785M the previous quarter. Its ten largest holdings account for 27% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q1 2024, closing 108 positions and reducing 40 holdings. Its most notable exit was Investcorp Europe Acquisition Corp I Class A Ordinary Shares, an estimated $3.62M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.3% a quarter earlier, followed by Healthcare and Technology.

Against the trend, K2 Principal Fund opened a new position in iShares Bitcoin Trust worth $8.09M.

  • K2 Principal Fund's largest Q1 2024 buy was iShares Bitcoin Trust: 200,000 shares worth $8.09M.
  • K2 Principal Fund added most to iShares Gold Trust in Q1 2024, an estimated $8.11M increase.
  • K2 Principal Fund's biggest Q1 2024 reduction was Mr. Cooper, cutting an estimated $13.2M.
  • K2 Principal Fund fully exited Investcorp Europe Acquisition Corp I Class A Ordinary Shares in Q1 2024, selling an estimated $3.62M.
  • K2 Principal Fund's ten largest holdings make up 27% of its $579M portfolio in Q1 2024.
  • K2 Principal Fund opened 120 new positions and closed 108 in Q1 2024.
  • K2 Principal Fund's portfolio value fell 26% quarter-over-quarter to $579M.

Based on K2 Principal Fund's 13F filing for Q1 2024, filed 14 May 2024.