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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
+1.55%
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
$695M
AUM Growth
+$157M
Cap. Flow
-$235M
Cap. Flow %
-33.78%
Top 10 Hldgs %
21.92%
Holding
353
New
106
Increased
32
Reduced
41
Closed
90

Top Buys

Rank Stock Value
1
VACHU
Voyager Acquisition Corp Unit
VACHU
+$10.4M
2
HONDU
HCM II Acquisition Corp Unit
HONDU
+$7.74M
3
VCICU
Vine Hill Capital Investment Corp Unit
VCICU
+$7.25M
4
PMT
PennyMac Mortgage Investment
PMT
+$5.71M
5
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$5.4M

Top Sells

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$27.9M
2
ALFUU
Centurion Acquisition Corp Unit
ALFUU
+$6.39M
3
CUBWU
Lionheart Holdings Unit
CUBWU
+$4.79M
4
SRG
Seritage Growth Properties
SRG
+$4.61M
5
CORZ icon
Core Scientific
CORZ
+$4.45M

Sector Composition

Rank Sector Weight
1 Technology 4.14%
2 Financials 3.19%
3 Energy 2.1%
4 Healthcare 1.71%
5 Consumer Discretionary 1.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPHR icon
101
CALL
Sphere Entertainment
SPHR
$5.06B
$663K 0.1%
+15,000
New +$646K
IMO icon
102
Imperial Oil
IMO
$60.8B
$634K 0.09%
+9,000
New +$637K
STLD icon
103
CALL
Steel Dynamics
STLD
$37.5B
$630K 0.09%
+5,000
New +$608K
DYCQ
104
DELISTED
DT Cloud Acquisition Corp
DYCQ
$629K 0.09%
+61,021
New +$625K
EQX icon
105
PUT
Equinox Gold
EQX
$7.22B
$609K 0.09%
100,000
-45,000
-31% -$254K
BTDR icon
106
PUT
Bitdeer Technologies
BTDR
$2.5B
$587K 0.08%
+75,000
New +$622K
FTII
107
DELISTED
FutureTech II Acquisition Corp. Class A Common Stock
FTII
$551K 0.08%
50,000
– –
MRO
108
DELISTED
Marathon Oil Corporation
MRO
$538K 0.08%
+20,200
New +$559K
DMYY
109
DELISTED
dMY Squared
DMYY
$537K 0.08%
50,000
– –
BTU icon
110
Peabody Energy
BTU
$2.83B
$507K 0.07%
+19,100
New +$435K
GOOS
111
Canada Goose Holdings
GOOS
$903M
$501K 0.07%
+40,000
New +$453K
FVNNU
112
Future Vision II Acquisition Corp Units
FVNNU
$66.8M
$501K 0.07%
+50,022
New +$501K
KTOS icon
113
Kratos Defense & Security Solutions
KTOS
$9.12B
$473K 0.07%
20,280
-29,678
-59% -$642K
GSM icon
114
FerroAtlántica
GSM
$628M
$464K 0.07%
100,000
– –
CBRG
115
DELISTED
Chain Bridge I Class A Ordinary Shares
CBRG
$452K 0.07%
+40,000
New +$450K
RZLV
116
Rezolve AI
RZLV
$921M
$441K 0.06%
+131,250
New +$999K
ODFL icon
117
Old Dominion Freight Line
ODFL
$47.1B
$417K 0.06%
+2,100
New +$409K
CNQ icon
118
Canadian Natural Resources
CNQ
$92.2B
$408K 0.06%
+12,300
New +$428K
DIST
119
DELISTED
Distoken Acquisition Corp
DIST
$408K 0.06%
37,572
-76,567
-67% -$828K
PMCB icon
120
PharmaCyte Biotech
PMCB
$6.33M
$400K 0.06%
209,266
-118,237
-36% -$220K
PROF
121
Profound Medical
PROF
$263M
$398K 0.06%
+50,000
New +$452K
NE icon
122
Noble Corp
NE
$6.25B
$394K 0.06%
+10,900
New +$439K
BHAC
123
DELISTED
Focus Impact BH3 Acquisition Company Class A Common Stock
BHAC
$389K 0.06%
+37,019
New +$401K
GHIX
124
DELISTED
Gores Holdings IX, Inc. Class A Common Stock
GHIX
$386K 0.06%
+36,469
New +$387K
DOO
125
PUT
Bombardier Recreational Products
DOO
$4.58B
$369K 0.05%
+6,200
New +$411K
3 4
5
6 7

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KGI
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SC
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WIM
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LCG
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CCM
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TS
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SMA
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SCA
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K2 Principal Fund's Q3 2024 Portfolio in Review

As of Q3 2024, K2 Principal Fund held 353 positions worth $695M, up 29% from $538M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

K2 Principal Fund withdrew a net $235M in Q3 2024, closing 90 positions and reducing 41 holdings. Its most notable exit was Centurion Acquisition Corp Unit, an estimated $6.39M position sold in full.

By sector, the portfolio is most concentrated in Technology at 4.1% of assets, down from 6.5% a quarter earlier, followed by Financials and Energy.

Against the trend, K2 Principal Fund opened a new position in Voyager Acquisition Corp Unit worth $10.4M.

  • K2 Principal Fund's largest Q3 2024 buy was Voyager Acquisition Corp Unit: 1,042,400 shares worth $10.4M.
  • K2 Principal Fund added most to iTeos Therapeutics in Q3 2024, an estimated $4.24M increase.
  • K2 Principal Fund's biggest Q3 2024 reduction was ARS Pharmaceuticals, cutting an estimated $27.9M.
  • K2 Principal Fund fully exited Centurion Acquisition Corp Unit in Q3 2024, selling an estimated $6.39M.
  • K2 Principal Fund's ten largest holdings make up 22% of its $695M portfolio in Q3 2024.
  • K2 Principal Fund opened 106 new positions and closed 90 in Q3 2024.
  • K2 Principal Fund's portfolio value rose 29% quarter-over-quarter to $695M.

Based on K2 Principal Fund's 13F filing for Q3 2024, filed 15 Nov 2024.