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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
+2.96%
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
$437M
AUM Growth
-$289M
Cap. Flow
-$451M
Cap. Flow %
-103.14%
Top 10 Hldgs %
29.71%
Holding
349
New
84
Increased
25
Reduced
62
Closed
127

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$5.46M
2
WRLD icon
World Acceptance Corp
WRLD
+$4.62M
3
PFSI icon
PennyMac Financial
PFSI
+$3.57M
4
NUVA
NuVasive, Inc.
NUVA
+$2.9M
5
UHAL icon
U-Haul Holding Co
UHAL
+$2.22M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$10.5M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$9.44M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.96M
4
PMT
PennyMac Mortgage Investment
PMT
+$7.59M
5
AUY
Yamana Gold, Inc.
AUY
+$7.09M

Sector Composition

Rank Sector Weight
1 Financials 6.76%
2 Technology 5.6%
3 Healthcare 3.73%
4 Real Estate 3.63%
5 Industrials 3.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GOGN.WS
126
DELISTED
GoGreen Investments Corporation Redeemable Warrants
GOGN.WS
$164K 0.04%
+167,743
New +$134K
PHYT
127
DELISTED
Pyrophyte Acquisition Corp.
PHYT
$159K 0.04%
+14,961
New +$158K
PNST
128
DELISTED
Pinstripes Holdings, Inc.
PNST
$131K 0.03%
+12,620
New +$131K
ALSA
129
DELISTED
Alpha Star Acquisition Corp
ALSA
$130K 0.03%
+12,129
New +$129K
VGAS icon
130
Verde Clean Fuels
VGAS
$25.6M
$122K 0.03%
75,000
– –
DTI icon
131
Drilling Tools International
DTI
$78.7M
$113K 0.03%
+25,950
New +$223K
MBSC.WS
132
DELISTED
M3-Brigade Acquisition III Corp. Public warrants, each whole public warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
MBSC.WS
$103K 0.02%
251,493
+13,730
+6% +$5.71K
SOC.WS
133
DELISTED
Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50
SOC.WS
$89.1K 0.02%
285,313
+10,801
+4% +$4.23K
DNA icon
134
CALL
Ginkgo Bioworks
DNA
$487M
$78.1K 0.02%
+1,050
New +$62.2K
RWT
135
CALL
Redwood Trust
RWT
$619M
$63.7K 0.01%
10,000
– –
DNA icon
136
PUT
Ginkgo Bioworks
DNA
$487M
$59.5K 0.01%
+800
New +$47.4K
ENERR
137
DELISTED
Accretion Acquisition Corp Right
ENERR
$40.4K 0.01%
371,915
-106,992
-22% -$11.9K
ARIZR
138
DELISTED
Arisz Acquisition Corp. Right
ARIZR
$33.3K 0.01%
413,564
-94,126
-19% -$10.3K
ENCPW
139
DELISTED
Energem Corp Warrant
ENCPW
$31.7K 0.01%
527,749
– –
ABTC
140
American Bitcoin Corp
ABTC
$429M
$29.6K 0.01%
33
– –
WINVR
141
DELISTED
WinVest Acquisition Corp. Right
WINVR
$25.5K 0.01%
387,015
-74,034
-16% -$5.92K
GSDWW
142
DELISTED
Global Systems Dynamics, Inc. Warrant
GSDWW
$23.9K 0.01%
596,678
– –
DMAQR
143
DELISTED
Deep Medicine Acquisition Corp. Rights
DMAQR
$23.3K 0.01%
166,582
-87,608
-34% -$14.3K
ISRLW
144
DELISTED
Israel Acquisitions Corp Warrant
ISRLW
$21.8K 0.01%
157,009
+30,009
+24% +$4.12K
FORLW
145
DELISTED
Four Leaf Acquisition Corp Warrants
FORLW
$18.4K ﹤0.01%
+149,761
New +$15.8K
ROCLW
146
DELISTED
Roth CH Acquisition V Co. Warrant
ROCLW
$17.1K ﹤0.01%
214,257
+16,243
+8% +$1.11K
HUBCW icon
147
Hub Cyber Security Warrant 2/27/28
HUBCW
$196K
$16.1K ﹤0.01%
404,542
– –
OAKUW
148
DELISTED
Oak Woods Acquisition Corp Warrant
OAKUW
$15.4K ﹤0.01%
+476,800
New +$22.3K
NOVVR
149
DELISTED
Nova Vision Acquisition Corp. Rights
NOVVR
$15.3K ﹤0.01%
89,252
-13,900
-13% -$2.99K
OSRHW
150
OSR Health Warrant
OSRHW
$15.2K ﹤0.01%
+199,588
New +$11.2K
4 5
6
7 8

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WIM
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LCG
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K2 Principal Fund's Q2 2023 Portfolio in Review

As of Q2 2023, K2 Principal Fund held 349 positions worth $437M, down 40% from $727M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

K2 Principal Fund withdrew a net $451M in Q2 2023, closing 127 positions and reducing 62 holdings. Its most notable exit was Mr. Cooper, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.8% of assets, up from 6% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in PennyMac Financial worth $3.96M.

  • K2 Principal Fund's largest Q2 2023 buy was PennyMac Financial: 56,373 shares worth $3.96M.
  • K2 Principal Fund added most to Activision Blizzard in Q2 2023, an estimated $5.46M increase.
  • K2 Principal Fund's biggest Q2 2023 reduction was ARS Pharmaceuticals, cutting an estimated $9.44M.
  • K2 Principal Fund fully exited Mr. Cooper in Q2 2023, selling an estimated $10.5M.
  • K2 Principal Fund's ten largest holdings make up 30% of its $437M portfolio in Q2 2023.
  • K2 Principal Fund opened 84 new positions and closed 127 in Q2 2023.
  • K2 Principal Fund's portfolio value fell 40% quarter-over-quarter to $437M.

Based on K2 Principal Fund's 13F filing for Q2 2023, filed 15 Aug 2023.