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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
-8.03%
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
$1.16B
AUM Growth
-$351M
Cap. Flow
-$335M
Cap. Flow %
-28.92%
Top 10 Hldgs %
45.37%
Holding
494
New
126
Increased
47
Reduced
55
Closed
192

Top Buys

Rank Stock Value
1
PFSI icon
PennyMac Financial
PFSI
+$32M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$29.2M
3
NMRK icon
Newmark Group
NMRK
+$11.5M
4
COIN icon
Coinbase
COIN
+$9.28M
5
BMO icon
Bank of Montreal
BMO
+$8.82M

Top Sells

Rank Stock Value
1
SKIN icon
SkinHealth Systems
SKIN
+$24.3M
2
BG icon
Bunge Global
BG
+$15.9M
3
CIXX
CI Financial Corp.
CIXX
+$12.4M
4
TRIS
Tristar Acquisition I Corp.
TRIS
+$11.2M
5
SAGAU
Sagaliam Acquisition Corp. Units
SAGAU
+$9.93M

Sector Composition

Rank Sector Weight
1 Financials 16.69%
2 Real Estate 2.6%
3 Technology 2.09%
4 Communication Services 1.94%
5 Consumer Staples 1.7%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NLSN
151
DELISTED
Nielsen Holdings plc
NLSN
$501K 0.04%
+18,400
New +$366K
ENVX icon
152
Enovix
ENVX
$803M
$499K 0.04%
40,000
+11,429
+40% +$160K
GSEVW
153
DELISTED
Gores Holdings VII, Inc. Warrant
GSEVW
$491K 0.04%
577,114
+152,059
+36% +$152K
HMHC
154
DELISTED
Houghton Mifflin Harcourt Company
HMHC
$490K 0.04%
+23,312
New +$439K
HMHC
155
CALL
DELISTED
Houghton Mifflin Harcourt Company
HMHC
$452K 0.04%
+21,500
New +$405K
CLOER
156
DELISTED
Clover Leaf Capital Corp. Rights
CLOER
$437K 0.04%
1,718,999
– –
GIIXW
157
DELISTED
Gores Holdings VIII, Inc. Warrant
GIIXW
$435K 0.04%
340,003
-126,915
-27% -$172K
PETWW
158
DELISTED
Wag! Group Co Warrant
PETWW
$428K 0.04%
1,270,038
-100,000
-7% -$31.9K
PUCKW
159
DELISTED
Goal Acquisitions Corp. Warrant
PUCKW
$409K 0.04%
1,363,553
+55,570
+4% +$20.7K
OABIW icon
160
OmniAb Inc Warrant
OABIW
$10.2M
$371K 0.03%
532,235
-75,000
-12% -$34.7K
ENVX icon
161
PUT
Enovix
ENVX
$803M
$357K 0.03%
28,571
– –
ADVM
162
DELISTED
Adverum Biotechnologies
ADVM
$355K 0.03%
27,090
-15,004
-36% -$220K
PRPC.WS
163
DELISTED
CC Neuberger Principal Holdings III Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
PRPC.WS
$349K 0.03%
563,309
+5,999
+1% +$4.3K
SJI
164
DELISTED
South Jersey Industries, Inc.
SJI
$345K 0.03%
+10,000
New +$288K
SPCE icon
165
Virgin Galactic
SPCE
$315M
$312K 0.03%
+1,581
New +$295K
DCBO
166
Docebo
DCBO
$559M
$309K 0.03%
+5,959
New +$306K
MCAFR
167
DELISTED
Mountain Crest Acquisition Corp. IV Rights
MCAFR
$300K 0.03%
1,502,229
-100
-0% -$32
BMAQR
168
DELISTED
Blockchain Moon Acquisition Corp. Rights
BMAQR
$297K 0.03%
1,608,587
-104,628
-6% -$27.1K
AGAC.WS
169
DELISTED
African Gold Acquisition Corp Warrants
AGAC.WS
$282K 0.02%
1,408,644
+118,754
+9% +$40.3K
BRIVW
170
DELISTED
B. Riley Principal 250 Merger Corp. Warrant
BRIVW
$269K 0.02%
535,788
+34,064
+7% +$20.3K
AXH.WS
171
DELISTED
Industrial Human Capital, Inc. Warrants
AXH.WS
$260K 0.02%
1,444,240
+200,000
+16% +$45.3K
SPKAR
172
DELISTED
SPK Acquisition Corp. Right
SPKAR
$243K 0.02%
1,213,977
-100,000
-8% -$26.4K
TYGOW
173
DELISTED
Tigo Energy, Inc. Warrant
TYGOW
$238K 0.02%
821,145
+117,566
+17% +$56K
THCAW
174
DELISTED
Tuscan Holdings Corp. II Warrant
THCAW
$234K 0.02%
456,047
-158,120
-26% -$41.2K
GTPBW
175
DELISTED
Gores Technology Partners II, Inc. Warrant
GTPBW
$232K 0.02%
310,406
+161,054
+108% +$137K
5 6
7
8 9

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K2 Principal Fund's Q1 2022 Portfolio in Review

As of Q1 2022, K2 Principal Fund held 494 positions worth $1.16B, down 23% from $1.51B the previous quarter. Its ten largest holdings account for 45% of the portfolio.

K2 Principal Fund withdrew a net $335M in Q1 2022, closing 192 positions and reducing 55 holdings. Its most notable exit was Bunge Global, an estimated $15.9M position sold in full.

By sector, the portfolio is most concentrated in Financials at 17% of assets, up from 16% a quarter earlier, followed by Real Estate and Technology.

Against the trend, K2 Principal Fund opened a new position in State Street SPDR S&P 500 ETF Trust worth $29.6M.

  • K2 Principal Fund's largest Q1 2022 buy was State Street SPDR S&P 500 ETF Trust: 65,553 shares worth $29.6M.
  • K2 Principal Fund added most to PennyMac Financial in Q1 2022, an estimated $32M increase.
  • K2 Principal Fund's biggest Q1 2022 reduction was SkinHealth Systems, cutting an estimated $24.3M.
  • K2 Principal Fund fully exited Bunge Global in Q1 2022, selling an estimated $15.9M.
  • K2 Principal Fund's ten largest holdings make up 45% of its $1.16B portfolio in Q1 2022.
  • K2 Principal Fund opened 126 new positions and closed 192 in Q1 2022.
  • K2 Principal Fund's portfolio value fell 23% quarter-over-quarter to $1.16B.

Based on K2 Principal Fund's 13F filing for Q1 2022, filed 16 May 2022.