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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
+1.82%
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
$538M
AUM Growth
-$41.2M
Cap. Flow
-$265M
Cap. Flow %
-49.32%
Top 10 Hldgs %
27.81%
Holding
341
New
99
Increased
35
Reduced
34
Closed
113

Top Buys

Rank Stock Value
1
ALFUU
Centurion Acquisition Corp Unit
ALFUU
+$6.4M
2
CUBWU
Lionheart Holdings Unit
CUBWU
+$4.8M
3
SRG
Seritage Growth Properties
SRG
+$3.53M
4
ITOS
iTeos Therapeutics
ITOS
+$3.4M
5
MODV
ModivCare
MODV
+$3.23M

Top Sells

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$6.34M
2
COOP
Mr. Cooper
COOP
+$5.41M
3
BITO icon
ProShares Bitcoin Strategy ETF
BITO
+$4.2M
4
TFPM icon
Triple Flag Precious Metals
TFPM
+$3.56M
5
GRAB icon
Grab
GRAB
+$3.15M

Sector Composition

Rank Sector Weight
1 Financials 6.72%
2 Technology 6.45%
3 Healthcare 5.76%
4 Materials 1.96%
5 Industrials 1.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CDNS icon
101
Cadence Design Systems
CDNS
$93.5B
$551K 0.1%
1,790
– –
SEDA
102
DELISTED
SDCL EDGE Acquisition Corporation
SEDA
$551K 0.1%
+50,000
New +$552K
FSM icon
103
Fortuna Silver Mines
FSM
$2.58B
$550K 0.1%
+112,476
New +$567K
INTE
104
DELISTED
Integral Acquisition Corporation 1 Class A Common Stock
INTE
$549K 0.1%
50,000
– –
NFYS
105
DELISTED
Enphys Acquisition Corp.
NFYS
$545K 0.1%
+49,651
New +$541K
DMYY
106
DELISTED
dMY Squared
DMYY
$536K 0.1%
+50,000
New +$535K
GSM icon
107
FerroAtlántica
GSM
$609M
$536K 0.1%
+100,000
New +$544K
TSM icon
108
TSMC
TSM
$2.02T
$529K 0.1%
3,044
+394
+15% +$59.8K
RCL icon
109
Royal Caribbean
RCL
$78.8B
$526K 0.1%
3,300
-4,270
-56% -$614K
FNV icon
110
PUT
Franco-Nevada
FNV
$41.2B
$521K 0.1%
+4,400
New +$535K
AIV
111
Aimco
AIV
$387M
$508K 0.09%
61,314
-191,970
-76% -$1.55M
MANH icon
112
PUT
Manhattan Associates
MANH
$9.6B
$493K 0.09%
+2,000
New +$454K
XPL icon
113
Solitario Resources
XPL
$68M
$484K 0.09%
550,000
-114,764
-17% -$90.8K
IRBT
114
PUT
DELISTED
iRobot
IRBT
$456K 0.08%
+50,000
New +$461K
INSP icon
115
CALL
Inspire Medical Systems
INSP
$1.47B
$455K 0.08%
+3,400
New +$643K
AOGO
116
DELISTED
Arogo Capital Acquisition Corp. Class A Common Stock
AOGO
$454K 0.08%
41,362
-31,929
-44% -$349K
AGS
117
DELISTED
PlayAGS
AGS
$438K 0.08%
+38,117
New +$394K
AMC icon
118
PUT
AMC Entertainment Holdings
AMC
$2.09B
$374K 0.07%
+75,000
New +$301K
NVEI
119
DELISTED
Nuvei Corporation Subordinate Voting Shares
NVEI
$361K 0.07%
+11,159
New +$359K
CETU
120
DELISTED
Cetus Capital Acquisition Corp. Class A Common Stock
CETU
$356K 0.07%
33,445
-62,405
-65% -$663K
CNGL
121
DELISTED
Canna-Global Acquisition Corp. Class A Common Stock
CNGL
$341K 0.06%
+32,800
New +$366K
GFR icon
122
Greenfire Resources
GFR
$783M
$338K 0.06%
50,003
+29,700
+146% +$180K
PRLH
123
DELISTED
Pearl Holdings Acquisition Corp Class A Ordinary Shares
PRLH
$333K 0.06%
30,211
-51,409
-63% -$565K
NPWR icon
124
NET Power
NPWR
$126M
$325K 0.06%
33,037
+20,026
+154% +$212K
EQX icon
125
Equinox Gold
EQX
$7.41B
$314K 0.06%
+60,000
New +$334K
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 2024 Portfolio in Review

As of Q2 2024, K2 Principal Fund held 341 positions worth $538M, down 7.1% from $579M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

K2 Principal Fund withdrew a net $265M in Q2 2024, closing 113 positions and reducing 34 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $6.34M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.7% of assets, down from 7.8% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Centurion Acquisition Corp Unit worth $6.39M.

  • K2 Principal Fund's largest Q2 2024 buy was Centurion Acquisition Corp Unit: 639,378 shares worth $6.39M.
  • K2 Principal Fund added most to Seritage Growth Properties in Q2 2024, an estimated $3.53M increase.
  • K2 Principal Fund's biggest Q2 2024 reduction was Mr. Cooper, cutting an estimated $5.41M.
  • K2 Principal Fund fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $6.34M.
  • K2 Principal Fund's ten largest holdings make up 28% of its $538M portfolio in Q2 2024.
  • K2 Principal Fund opened 99 new positions and closed 113 in Q2 2024.
  • K2 Principal Fund's portfolio value fell 7.1% quarter-over-quarter to $538M.

Based on K2 Principal Fund's 13F filing for Q2 2024, filed 14 Aug 2024.