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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
+9.1%
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
$901M
AUM Growth
+$206M
Cap. Flow
-$198M
Cap. Flow %
-21.99%
Top 10 Hldgs %
20.65%
Holding
406
New
128
Increased
42
Reduced
35
Closed
102

Top Buys

Rank Stock Value
1
WLAC
Willow Lane Acquisition Corp
WLAC
+$9.24M
2
DYNC
Dynamix Corp
DYNC
+$8.53M
3
MLACU
Mountain Lake Acquisition Corp Units
MLACU
+$7.5M
4
TDACU
Translational Development Acquisition Corp Units
TDACU
+$6.76M
5
SEI
Solaris Energy Infrastructure
SEI
+$6.13M

Top Sells

Rank Stock Value
1
VACHU
Voyager Acquisition Corp Unit
VACHU
+$10.4M
2
HONDU
HCM II Acquisition Corp Unit
HONDU
+$7.76M
3
VCICU
Vine Hill Capital Investment Corp Unit
VCICU
+$7.25M
4
PMT
PennyMac Mortgage Investment
PMT
+$5.84M
5
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$5.4M

Sector Composition

Rank Sector Weight
1 Financials 4.72%
2 Technology 2.72%
3 Energy 2.11%
4 Communication Services 1.71%
5 Consumer Discretionary 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CLBR
101
DELISTED
Colombier Acquisition Corp II
CLBR
$949K 0.11%
80,745
-55,773
-41% -$600K
SMAR
102
DELISTED
Smartsheet Inc.
SMAR
$882K 0.1%
+15,746
New +$881K
MED icon
103
PUT
Medifast
MED
$108M
$881K 0.1%
+50,000
New +$928K
NXPI icon
104
NXP Semiconductors
NXPI
$62.6B
$836K 0.09%
4,020
-4,000
-50% -$910K
IONQ icon
105
PUT
IonQ
IONQ
$12.4B
$835K 0.09%
+20,000
New +$502K
NBIS
106
Nebius Group N.V.
NBIS
$39.5B
$831K 0.09%
+30,000
New +$731K
MODV
107
CALL
DELISTED
ModivCare
MODV
$811K 0.09%
+68,500
New +$1.08M
SDIG
108
DELISTED
Stronghold Digital Mining, Inc. Class A Common Stock
SDIG
$797K 0.09%
227,611
+53,050
+30% +$253K
KTOS icon
109
Kratos Defense & Security Solutions
KTOS
$8.69B
$791K 0.09%
30,000
+9,720
+48% +$249K
MRLN
110
Merlin Inc
MRLN
$329M
$756K 0.08%
+76,717
New +$756K
W icon
111
CALL
Wayfair
W
$11.7B
$753K 0.08%
17,000
+11,000
+183% +$519K
EQX icon
112
PUT
Equinox Gold
EQX
$6.94B
$753K 0.08%
150,000
+50,000
+50% +$279K
CCIX
113
Churchill Capital Corp IX
CCIX
$753K 0.08%
+73,100
New +$747K
NXT icon
114
Nextpower Inc
NXT
$14.4B
$731K 0.08%
+20,000
New +$732K
FWRD icon
115
CALL
Forward Air
FWRD
$457M
$726K 0.08%
+22,500
New +$785K
PDS
116
CALL
Precision Drilling
PDS
$946M
$672K 0.07%
+11,000
New +$674K
GATO
117
DELISTED
Gatos Silver, Inc.
GATO
$635K 0.07%
45,409
-89,651
-66% -$1.46M
SOC icon
118
Sable Offshore Corp
SOC
$813M
$610K 0.07%
26,631
+18,000
+209% +$394K
CTVA icon
119
PUT
Corteva
CTVA
$59.6B
$570K 0.06%
+10,000
New +$591K
SGI
120
CALL
Somnigroup International
SGI
$14.3B
$567K 0.06%
+10,000
New +$534K
DIS icon
121
CALL
Walt Disney
DIS
$172B
$557K 0.06%
+5,000
New +$525K
KDK
122
Kodiak AI
KDK
$796M
$549K 0.06%
50,000
-51,694
-51% -$563K
NNAVW
123
DELISTED
NextNav Inc Warrant
NNAVW
$545K 0.06%
+94,900
New +$485K
SILV
124
DELISTED
SilverCrest Metals Inc. Common Shares
SILV
$544K 0.06%
+59,733
New +$605K
HCC icon
125
CALL
Warrior Met Coal
HCC
$4.06B
$542K 0.06%
10,000
-5,000
-33% -$319K
3 4
5
6 7

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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 Q4 2024 Portfolio in Review

As of Q4 2024, K2 Principal Fund held 406 positions worth $901M, up 30% from $695M the previous quarter. Its ten largest holdings account for 21% of the portfolio.

K2 Principal Fund withdrew a net $198M in Q4 2024, closing 102 positions and reducing 35 holdings. Its most notable exit was Voyager Acquisition Corp Unit, an estimated $10.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.7% of assets, up from 3.2% a quarter earlier, followed by Technology and Energy.

Against the trend, K2 Principal Fund opened a new position in Willow Lane Acquisition Corp worth $9.24M.

  • K2 Principal Fund's largest Q4 2024 buy was Willow Lane Acquisition Corp: 933,888 shares worth $9.24M.
  • K2 Principal Fund added most to Alphabet (Google) Class C in Q4 2024, an estimated $3.01M increase.
  • K2 Principal Fund's biggest Q4 2024 reduction was Presidio Production Co, cutting an estimated $2.6M.
  • K2 Principal Fund fully exited Voyager Acquisition Corp Unit in Q4 2024, selling an estimated $10.4M.
  • K2 Principal Fund's ten largest holdings make up 21% of its $901M portfolio in Q4 2024.
  • K2 Principal Fund opened 128 new positions and closed 102 in Q4 2024.
  • K2 Principal Fund's portfolio value rose 30% quarter-over-quarter to $901M.

Based on K2 Principal Fund's 13F filing for Q4 2024, filed 14 Feb 2025.