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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
-0.79%
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
$871M
AUM Growth
-$35.6M
Cap. Flow
-$72.1M
Cap. Flow %
-8.28%
Top 10 Hldgs %
31.88%
Holding
420
New
69
Increased
48
Reduced
66
Closed
133

Top Buys

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$24.3M
2
PMT
PennyMac Mortgage Investment
PMT
+$19.5M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.97M
4
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.41M
5
TWO
Two Harbors Investment
TWO
+$6.57M

Top Sells

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$52M
2
COIN icon
Coinbase
COIN
+$16M
3
SIVB
SVB Financial Group
SIVB
+$15.9M
4
CIXX
CI Financial Corp.
CIXX
+$11.9M
5
GME icon
GameStop
GME
+$11.8M

Sector Composition

Rank Sector Weight
1 Financials 7.96%
2 Real Estate 4.84%
3 Healthcare 4.77%
4 Consumer Discretionary 4.27%
5 Energy 2.48%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVRO
126
CALL
DELISTED
NEVRO CORP.
NVRO
$559K 0.06%
+12,000
New +$557K
AFRM icon
127
Affirm
AFRM
$24.1B
$546K 0.06%
29,107
-235,394
-89% -$6.16M
LCID icon
128
Lucid Motors
LCID
$3.11B
$521K 0.06%
3,729
-2,380
-39% -$412K
BBBY
129
CALL
Bed Bath & Beyond
BBBY
$476M
$511K 0.06%
23,100
– –
LUMO
130
DELISTED
Lumos Pharma, Inc. Common Stock
LUMO
$494K 0.06%
55,866
+43,371
+347% +$360K
CLDT
131
CALL
Chatham Lodging
CLDT
$633M
$493K 0.06%
50,000
+27,000
+117% +$325K
WEST icon
132
Westrock Coffee
WEST
$811M
$484K 0.06%
+93,750
New +$995K
BBU
133
DELISTED
Brookfield Business Partners
BBU
$467K 0.05%
23,976
-2,300
-9% -$49.8K
XPL icon
134
Solitario Resources
XPL
$67.8M
$459K 0.05%
930,000
– –
AUPH icon
135
Aurinia Pharmaceuticals
AUPH
$1.95B
$442K 0.05%
+58,772
New +$509K
AQB icon
136
AquaBounty Technologies
AQB
$4.73M
$437K 0.05%
27,975
-91,501
-77% -$2.41M
RVLV icon
137
CALL
Revolve Group
RVLV
$1.87B
$429K 0.05%
+19,800
New +$521K
SJT
138
PUT
San Juan Basin Royalty Trust
SJT
$120M
$429K 0.05%
45,600
+1,400
+3% +$16.5K
ONEM
139
CALL
DELISTED
1Life Healthcare
ONEM
$429K 0.05%
+25,000
New +$392K
VZLA
140
Vizsla Silver
VZLA
$1.1B
$415K 0.05%
360,700
-409,300
-53% -$471K
ATCO
141
DELISTED
Atlas Corp.
ATCO
$411K 0.05%
+29,600
New +$386K
GME icon
142
CALL
GameStop
GME
$9.8B
$377K 0.04%
+15,000
New +$490K
IS
143
DELISTED
ironSource Ltd.
IS
$363K 0.04%
+105,494
New +$402K
PD icon
144
CALL
PagerDuty
PD
$830M
$346K 0.04%
15,000
– –
ABG icon
145
Asbury Automotive
ABG
$4.73B
$332K 0.04%
2,200
-1,800
-45% -$307K
IRON icon
146
Disc Medicine
IRON
$2.81B
$317K 0.04%
6,437
-3,321
-34% -$157K
OPEN icon
147
PUT
Opendoor
OPEN
$3.68B
$311K 0.04%
+103,333
New +$474K
ANNX icon
148
Annexon
ANNX
$793M
$305K 0.04%
49,331
-347,026
-88% -$1.88M
GME icon
149
GameStop
GME
$9.8B
$298K 0.03%
11,875
-360,177
-97% -$11.8M
HZO icon
150
CALL
MarineMax
HZO
$753M
$298K 0.03%
+10,000
New +$374K
4 5
6
7 8

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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 Q3 2022 Portfolio in Review

As of Q3 2022, K2 Principal Fund held 420 positions worth $871M, down 3.9% from $907M the previous quarter. Its ten largest holdings account for 32% of the portfolio.

K2 Principal Fund withdrew a net $72.1M in Q3 2022, closing 133 positions and reducing 66 holdings. Its most notable exit was Tesla, an estimated $52M position sold in full.

By sector, the portfolio is most concentrated in Financials at 8% of assets, down from 13% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $23.3M.

  • K2 Principal Fund's largest Q3 2022 buy was Mr. Cooper: 574,409 shares worth $23.3M.
  • K2 Principal Fund added most to San Juan Basin Royalty Trust in Q3 2022, an estimated $8.97M increase.
  • K2 Principal Fund's biggest Q3 2022 reduction was Coinbase, cutting an estimated $16M.
  • K2 Principal Fund fully exited Tesla in Q3 2022, selling an estimated $52M.
  • K2 Principal Fund's ten largest holdings make up 32% of its $871M portfolio in Q3 2022.
  • K2 Principal Fund opened 69 new positions and closed 133 in Q3 2022.
  • K2 Principal Fund's portfolio value fell 3.9% quarter-over-quarter to $871M.

Based on K2 Principal Fund's 13F filing for Q3 2022, filed 14 Nov 2022.