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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
+11.75%
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
$1.14B
AUM Growth
+$472M
Cap. Flow
+$253M
Cap. Flow %
22.19%
Top 10 Hldgs %
31.13%
Holding
444
New
192
Increased
28
Reduced
51
Closed
137

Top Buys

Rank Stock Value
1
CIXX
CI Financial Corp.
CIXX
+$25.5M
2
LCID icon
Lucid Motors
LCID
+$12.9M
3
VHAQ.U
Viveon Health Acquisition Corp. Units, each consisting of one share of common stock, one Warrant entitling the holder to purchase one-half of a share of common stock, and one right to receive one-twentieth of a share of common stock
VHAQ.U
+$12.8M
4
PFSI icon
PennyMac Financial
PFSI
+$12.6M
5
NOACU
Natural Order Acquisition Corp. Unit
NOACU
+$10.8M

Top Sells

Rank Stock Value
1
SKIL icon
Skillsoft
SKIL
+$10.2M
2
MVST icon
Microvast
MVST
+$10.2M
3
BG icon
Bunge Global
BG
+$9.6M
4
APXTU
Apex Technology Acquisition Corporation Unit
APXTU
+$9.03M
5
OSB
Norbord Inc.
OSB
+$8.77M

Sector Composition

Rank Sector Weight
1 Financials 11.13%
2 Industrials 3.32%
3 Consumer Discretionary 2.76%
4 Technology 2.33%
5 Real Estate 2.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TNAV
126
DELISTED
Telenav Inc.
TNAV
$2.13M 0.19%
+454,056
New +$2.05M
BWACU
127
DELISTED
Better World Acquisition Corp. Unit
BWACU
$2.13M 0.19%
+192,600
New +$1.98M
CYXT
128
DELISTED
Cyxtera Technologies, Inc. Class A Common Stock
CYXT
$2.06M 0.18%
+199,314
New +$2.01M
CBB
129
DELISTED
Cincinnati Bell Inc.
CBB
$2.06M 0.18%
135,076
+68,918
+104% +$1.05M
TAN icon
130
PUT
Invesco Solar ETF
TAN
$1.37B
$2.06M 0.18%
+20,000
New +$1.6M
EQD
131
DELISTED
Equity Distribution Acquisition Corp.
EQD
$2.04M 0.18%
+199,587
New +$2.02M
XLNX
132
DELISTED
Xilinx Inc
XLNX
$2.02M 0.18%
+14,274
New +$1.86M
PLBY icon
133
Playboy Inc
PLBY
$136M
$2.01M 0.18%
+190,841
New +$1.94M
NET icon
134
Cloudflare
NET
$96B
$1.9M 0.17%
+25,000
New +$1.64M
EWZ icon
135
CALL
iShares MSCI Brazil ETF
EWZ
$8.98B
$1.85M 0.16%
+50,000
New +$1.61M
MXIM
136
DELISTED
Maxim Integrated Products
MXIM
$1.81M 0.16%
20,431
-12,000
-37% -$947K
HYG icon
137
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
$1.75M 0.15%
+20,000
New +$1.71M
WTRE
138
DELISTED
Watford Holdings Ltd. Common Shares
WTRE
$1.74M 0.15%
+50,158
New +$1.72M
SHAK icon
139
PUT
Shake Shack
SHAK
$2.54B
$1.72M 0.15%
+20,300
New +$1.58M
KNX icon
140
PUT
Knight Transportation
KNX
$11.5B
$1.67M 0.15%
+40,000
New +$1.63M
TLRY icon
141
Tilray
TLRY
$543M
$1.64M 0.14%
+20,222
New +$1.47M
MVSTW
142
CALL
DELISTED
Microvast Holdings Warrants
MVSTW
$1.63M 0.14%
341,584
-1,682,464
-83% -$2.86M
MRACU
143
DELISTED
Marquee Raine Acquisition Corp. Unit
MRACU
$1.63M 0.14%
+150,000
New +$1.6M
INFO
144
DELISTED
IHS Markit Ltd. Common Shares
INFO
$1.62M 0.14%
+18,000
New +$1.56M
MERC icon
145
Mercer International
MERC
$40.5M
$1.61M 0.14%
+157,280
New +$1.26M
HHH icon
146
CALL
Howard Hughes
HHH
$3.94B
$1.58M 0.14%
+20,980
New +$1.41M
CLGX
147
DELISTED
Corelogic, Inc.
CLGX
$1.52M 0.13%
+19,627
New +$1.47M
ARA
148
DELISTED
American Renal Associates Holdings, Inc
ARA
$1.47M 0.13%
+128,362
New +$1.46M
ACIA
149
CALL
DELISTED
Acacia Communications Inc
ACIA
$1.46M 0.13%
+20,000
New +$1.38M
ALAC
150
DELISTED
Alberton Acquisition Corp
ALAC
$1.45M 0.13%
126,736
-50,000
-28% -$547K
4 5
6
7 8

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WIM
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LCG
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CCM
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K2 Principal Fund's Q4 2020 Portfolio in Review

As of Q4 2020, K2 Principal Fund held 444 positions worth $1.14B, up 71% from $669M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

K2 Principal Fund deployed $253M of net new capital in Q4 2020, opening 192 new positions and adding to 28 existing holdings. Its largest new stake was CI Financial Corp.: 1,967,717 shares worth $24.4M.

By sector, the portfolio is most concentrated in Financials at 11% of assets, up from 9.6% a quarter earlier, followed by Industrials and Consumer Discretionary.

On the sell side, the largest reduction was Bunge Global, an estimated $9.6M trimmed.

  • K2 Principal Fund's largest Q4 2020 buy was CI Financial Corp.: 1,967,717 shares worth $24.4M.
  • K2 Principal Fund added most to PennyMac Financial in Q4 2020, an estimated $12.6M increase.
  • K2 Principal Fund's biggest Q4 2020 reduction was Bunge Global, cutting an estimated $9.6M.
  • K2 Principal Fund fully exited Skillsoft in Q4 2020, selling an estimated $10.2M.
  • K2 Principal Fund's ten largest holdings make up 31% of its $1.14B portfolio in Q4 2020.
  • K2 Principal Fund opened 192 new positions and closed 137 in Q4 2020.
  • K2 Principal Fund's portfolio value rose 71% quarter-over-quarter to $1.14B.

Based on K2 Principal Fund's 13F filing for Q4 2020, filed 12 Feb 2021.