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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
+9.18%
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
$579M
AUM Growth
-$206M
Cap. Flow
-$356M
Cap. Flow %
-61.45%
Top 10 Hldgs %
27.08%
Holding
345
New
120
Increased
30
Reduced
40
Closed
108

Top Buys

Rank Stock Value
1
IAU icon
iShares Gold Trust
IAU
+$8.11M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$6.24M
3
DJT icon
Trump Media & Technology Group
DJT
+$5.82M
4
INTC icon
Intel
INTC
+$3.56M
5
ZEO
Zeo Energy
ZEO
+$3.48M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$13.2M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$6.23M
3
IVCB
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
+$3.62M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.55M
5
TRP icon
TC Energy
TRP
+$3.13M

Sector Composition

Rank Sector Weight
1 Financials 7.82%
2 Healthcare 4.46%
3 Technology 4.07%
4 Energy 3.13%
5 Industrials 2.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DUET
126
DELISTED
DUET Acquisition Corp. Class A Common Stock
DUET
$456K 0.08%
+41,511
New +$456K
CITE
127
DELISTED
Cartica Acquisition Corp Class A Ordinary Shares
CITE
$452K 0.08%
+40,719
New +$449K
EME icon
128
Emcor
EME
$29.9B
$449K 0.08%
+1,282
New +$344K
BRZE icon
129
Braze
BRZE
$3.02B
$443K 0.08%
+10,000
New +$540K
ARYD
130
DELISTED
ARYA Sciences Acquisition Corp IV Class A Odinary Shares
ARYD
$441K 0.08%
+39,248
New +$438K
ITOS
131
CALL
DELISTED
iTeos Therapeutics
ITOS
$428K 0.07%
+31,400
New +$342K
XPL icon
132
Solitario Resources
XPL
$66.3M
$399K 0.07%
664,764
-185,236
-22% -$100K
ACAC
133
DELISTED
Acri Capital Acquisition Corp
ACAC
$396K 0.07%
+35,403
New +$395K
SMAR
134
DELISTED
Smartsheet Inc.
SMAR
$366K 0.06%
+9,500
New +$414K
NVDA icon
135
NVIDIA
NVDA
$4.6T
$361K 0.06%
+4,000
New +$290K
TSM icon
136
TSMC
TSM
$1.94T
$361K 0.06%
+2,650
New +$329K
OSRH
137
OSR Health
OSRH
$16.6M
$358K 0.06%
+33,589
New +$356K
GLST
138
DELISTED
Global Star Acquisition, Inc. Class A Common Stock
GLST
$343K 0.06%
32,019
-240,280
-88% -$2.56M
CNNE icon
139
Cannae Holdings
CNNE
$653M
$335K 0.06%
+15,069
New +$318K
TRTL
140
DELISTED
TortoiseEcofin Acquisition Corp. III
TRTL
$322K 0.06%
+29,892
New +$320K
SOC icon
141
Sable Offshore Corp
SOC
$836M
$312K 0.05%
+28,489
New +$336K
VFC icon
142
VF Corp
VFC
$5.92B
$307K 0.05%
+20,000
New +$322K
HCC icon
143
CALL
Warrior Met Coal
HCC
$4.17B
$304K 0.05%
+5,000
New +$303K
AMD icon
144
Advanced Micro Devices
AMD
$700B
$298K 0.05%
+1,650
New +$288K
CORZ icon
145
Core Scientific
CORZ
$5.82B
$295K 0.05%
+83,400
New +$289K
GDST
146
DELISTED
Goldenstone Acquisition Limited Common Stock
GDST
$275K 0.05%
+25,044
New +$273K
ITOS
147
DELISTED
iTeos Therapeutics
ITOS
$273K 0.05%
+20,000
New +$218K
META icon
148
Meta Platforms (Facebook)
META
$1.49T
$243K 0.04%
+500
New +$223K
SCRM
149
DELISTED
Screaming Eagle Acquisition Corp. Class A Ordinary Shares
SCRM
$241K 0.04%
+22,500
New +$239K
VRT icon
150
Vertiv
VRT
$85.9B
$235K 0.04%
+2,875
New +$181K
4 5
6
7 8

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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 Q1 2024 Portfolio in Review

As of Q1 2024, K2 Principal Fund held 345 positions worth $579M, down 26% from $785M the previous quarter. Its ten largest holdings account for 27% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q1 2024, closing 108 positions and reducing 40 holdings. Its most notable exit was Investcorp Europe Acquisition Corp I Class A Ordinary Shares, an estimated $3.62M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.3% a quarter earlier, followed by Healthcare and Technology.

Against the trend, K2 Principal Fund opened a new position in iShares Bitcoin Trust worth $8.09M.

  • K2 Principal Fund's largest Q1 2024 buy was iShares Bitcoin Trust: 200,000 shares worth $8.09M.
  • K2 Principal Fund added most to iShares Gold Trust in Q1 2024, an estimated $8.11M increase.
  • K2 Principal Fund's biggest Q1 2024 reduction was Mr. Cooper, cutting an estimated $13.2M.
  • K2 Principal Fund fully exited Investcorp Europe Acquisition Corp I Class A Ordinary Shares in Q1 2024, selling an estimated $3.62M.
  • K2 Principal Fund's ten largest holdings make up 27% of its $579M portfolio in Q1 2024.
  • K2 Principal Fund opened 120 new positions and closed 108 in Q1 2024.
  • K2 Principal Fund's portfolio value fell 26% quarter-over-quarter to $579M.

Based on K2 Principal Fund's 13F filing for Q1 2024, filed 14 May 2024.