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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
-0.62%
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
$477M
AUM Growth
+$40.2M
Cap. Flow
-$122M
Cap. Flow %
-25.62%
Top 10 Hldgs %
32.85%
Holding
320
New
93
Increased
27
Reduced
48
Closed
94

Top Buys

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.4M
2
COOP
Mr. Cooper
COOP
+$7.77M
3
GMED icon
Globus Medical
GMED
+$3.92M
4
CVE icon
Cenovus Energy
CVE
+$3.82M
5
TSEM icon
Tower Semiconductor
TSEM
+$3.17M

Top Sells

Rank Stock Value
1
WRLD icon
World Acceptance Corp
WRLD
+$7.53M
2
NUVA
NuVasive, Inc.
NUVA
+$4.42M
3
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$3.33M
4
LSI
Life Storage, Inc.
LSI
+$3.09M
5
ILLM
illumin Holdings Inc. Common Shares
ILLM
+$2.86M

Sector Composition

Rank Sector Weight
1 Technology 6.54%
2 Healthcare 4.19%
3 Financials 3.85%
4 Energy 2.45%
5 Real Estate 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CVIIW
126
DELISTED
Churchill Capital Corp VII Warrants
CVIIW
$51.5K 0.01%
+167,292
New +$40.9K
SPWR icon
127
SunPower Inc
SPWR
$60.8M
$41.4K 0.01%
+20,099
New +$80.7K
MNTN.WS
128
DELISTED
Everest Consolidator Acquisition Corporation Warrants, each whole warrant exercisable for one share of Class A Common Stock, at an exercise price of $11.50
MNTN.WS
$40.3K 0.01%
+201,508
New +$41.8K
IVCBW
129
DELISTED
Investcorp Europe Acquisition Corp I Warrant
IVCBW
$39.5K 0.01%
+217,155
New +$59.5K
ARIZR
130
DELISTED
Arisz Acquisition Corp. Right
ARIZR
$35.9K 0.01%
399,223
-14,341
-3% -$1.56K
XBPEW
131
XBP Europe Holdings Warrant
XBPEW
$34.4K 0.01%
137,696
-99,700
-42% -$9.07K
NETC.WS
132
DELISTED
Nabors Energy Transition Corp. Warrants, exercisable for one share of Class A Common Stock
NETC.WS
$27.7K 0.01%
+184,796
New +$31.2K
SVIIW
133
DELISTED
Spring Valley Acquisition Corp II Warrant
SVIIW
$26.3K 0.01%
260,841
+212,682
+442% +$27.2K
ENCPW
134
DELISTED
Energem Corp Warrant
ENCPW
$25.1K 0.01%
527,749
– –
OAKUW
135
DELISTED
Oak Woods Acquisition Corp Warrant
OAKUW
$25.1K 0.01%
501,190
+24,390
+5% +$990
SGIIW
136
DELISTED
Seaport Global Acquisition II Corp. Warrants
SGIIW
$22.1K ﹤0.01%
401,337
+298,488
+290% +$14.6K
ENERR
137
DELISTED
Accretion Acquisition Corp Right
ENERR
$19.7K ﹤0.01%
350,117
-21,798
-6% -$1.71K
ESHAR
138
DELISTED
ESH Acquisition Corp Right
ESHAR
$19.5K ﹤0.01%
+92,727
New +$16.2K
ISRLW
139
DELISTED
Israel Acquisitions Corp Warrant
ISRLW
$18.9K ﹤0.01%
137,664
-19,345
-12% -$2.81K
WINVR
140
DELISTED
WinVest Acquisition Corp. Right
WINVR
$18.9K ﹤0.01%
370,704
-16,311
-4% -$1.21K
ATMVR
141
DELISTED
AlphaVest Acquisition Corp Right
ATMVR
$18.9K ﹤0.01%
118,094
-6,806
-5% -$1.11K
GRND.WS
142
DELISTED
Grindr Inc. Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share
GRND.WS
$18.2K ﹤0.01%
+23,015
New +$17.3K
FORLW
143
DELISTED
Four Leaf Acquisition Corp Warrants
FORLW
$17.1K ﹤0.01%
223,717
+73,956
+49% +$5.37K
ROCLW
144
DELISTED
Roth CH Acquisition V Co. Warrant
ROCLW
$16.1K ﹤0.01%
214,257
– –
NOVVR
145
DELISTED
Nova Vision Acquisition Corp. Rights
NOVVR
$15.8K ﹤0.01%
79,252
-10,000
-11% -$2.13K
TLGYW
146
DELISTED
TLGY Acquisition Corporation Warrant
TLGYW
$15.5K ﹤0.01%
+360,890
New +$29.7K
MCAAW
147
DELISTED
Mountain & Co. I Acquisition Corp. Warrant
MCAAW
$15.4K ﹤0.01%
+108,900
New +$17.3K
GSDWW
148
DELISTED
Global Systems Dynamics, Inc. Warrant
GSDWW
$11.9K ﹤0.01%
595,571
-1,107
-0.2% -$28
VHAQ.WS
149
DELISTED
Viveon Health Acquisition Corp. Warrants to purchase one-half of a share of common stock at a price of $11.50 per whole share
VHAQ.WS
$11.8K ﹤0.01%
516,666
-24,675
-5% -$531
PLTNW
150
DELISTED
Plutonian Acquisition Corp. Warrant
PLTNW
$11.7K ﹤0.01%
+169,507
New +$10.7K
4 5
6
7 8

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K2 Principal Fund's Q3 2023 Portfolio in Review

As of Q3 2023, K2 Principal Fund held 320 positions worth $477M, up 9.2% from $437M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

K2 Principal Fund withdrew a net $122M in Q3 2023, closing 94 positions and reducing 48 holdings. Its most notable exit was World Acceptance Corp, an estimated $7.53M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 5.6% a quarter earlier, followed by Healthcare and Financials.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $7.57M.

  • K2 Principal Fund's largest Q3 2023 buy was Mr. Cooper: 141,363 shares worth $7.57M.
  • K2 Principal Fund added most to ARS Pharmaceuticals in Q3 2023, an estimated $8.4M increase.
  • K2 Principal Fund's biggest Q3 2023 reduction was PennyMac Mortgage Investment, cutting an estimated $2.73M.
  • K2 Principal Fund fully exited World Acceptance Corp in Q3 2023, selling an estimated $7.53M.
  • K2 Principal Fund's ten largest holdings make up 33% of its $477M portfolio in Q3 2023.
  • K2 Principal Fund opened 93 new positions and closed 94 in Q3 2023.
  • K2 Principal Fund's portfolio value rose 9.2% quarter-over-quarter to $477M.

Based on K2 Principal Fund's 13F filing for Q3 2023, filed 13 Nov 2023.