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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
NCNCW
151
DELISTED
noco-noco Inc. Warrant
NCNCW
$11.7K ﹤0.01%
+234,433
New +$13.3K
MDAIW icon
152
Spectral AI Warrants
MDAIW
$5.67M
$11.6K ﹤0.01%
+89,595
New +$11.1K
ONMDW icon
153
OneMedNet Corp Warrant
ONMDW
$10.6K ﹤0.01%
234,708
– –
HOVRW icon
154
New Horizon Aircraft Ltd
HOVRW
$11.1M
$10.4K ﹤0.01%
+231,901
New +$14.4K
ABTC
155
American Bitcoin Corp
ABTC
$400M
$10.2K ﹤0.01%
31
-2
-6% -$1.26K
KVACW icon
156
Keen Vision Acquisition Corp Warrant
KVACW
$446K
$8.59K ﹤0.01%
+156,183
New +$10.9K
BENFW icon
157
Beneficient Warrant
BENFW
$182K
$8.58K ﹤0.01%
222,812
-7,200
-3% -$324
TRIS.WS
158
DELISTED
Tristar Acquisition I Corp. Redeemable Warrants, each exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share
TRIS.WS
$8.14K ﹤0.01%
184,138
– –
ASPAW
159
DELISTED
Abri SPAC I Inc Warrant
ASPAW
$8.01K ﹤0.01%
227,492
-100,000
-31% -$5.81K
FRLAW
160
DELISTED
Fortune Rise Acquisition Corporation Warrant
FRLAW
$8K ﹤0.01%
100,000
– –
USARW
161
DELISTED
USA Rare Earth Inc Warrant
USARW
$7.94K ﹤0.01%
+46,165
New +$9.23K
ENERW
162
DELISTED
Accretion Acquisition Corp Warrant
ENERW
$7.48K ﹤0.01%
330,838
– –
OSRHW
163
OSR Health Warrant
OSRHW
$304K
$7K ﹤0.01%
199,583
-5
-0% –
BRD.WS
164
DELISTED
Beard Energy Transition Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share
BRD.WS
$6.92K ﹤0.01%
230,500
+88,600
+62% +$4.4K
AAGRW
165
DELISTED
African Agriculture Holdings Inc Warrant
AAGRW
$6.64K ﹤0.01%
95,069
-39,500
-29% -$2.79K
MSAIW icon
166
MultiSensor AI Holdings Warrant
MSAIW
$715K
$6.3K ﹤0.01%
220,900
-21,098
-9% -$852
OSAAW
167
DELISTED
ProSomnus, Inc. Warrant
OSAAW
$5.92K ﹤0.01%
84,531
-102,425
-55% -$4.64K
MOBXW icon
168
Mobix Labs Warrants
MOBXW
$706K
$5.87K ﹤0.01%
247,510
-400
-0.2% -$14
BNIXW
169
DELISTED
Bannix Acquisition Corp. Warrant
BNIXW
$5.71K ﹤0.01%
228,497
– –
WINVW
170
DELISTED
WinVest Acquisition Corp. Warrant
WINVW
$5.7K ﹤0.01%
569,464
– –
FEXDW
171
DELISTED
Fintech Ecosystem Development Corp. Warrant
FEXDW
$5.5K ﹤0.01%
275,000
– –
AACIW
172
DELISTED
Armada Acquisition Corp. I Warrant
AACIW
$4.83K ﹤0.01%
84,670
+400
+0.5% +$29
AIRJW
173
AirJoule Technologies Warrant
AIRJW
$61.4M
$4.74K ﹤0.01%
47,411
-2,488
-5% -$206
BMAC.WS
174
DELISTED
Black Mountain Acquisition Corp. Warrants, exercisable for one share of Class A Common Stock
BMAC.WS
$4.58K ﹤0.01%
104,170
-67,700
-39% -$3.45K
BOWNR
175
DELISTED
Bowen Acquisition Corp Rights
BOWNR
$4.44K ﹤0.01%
+29,596
New +$4.71K
5 6
7
8 9

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WIM
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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.