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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
GOOG icon
151
Alphabet (Google) Class C
GOOG
$4.11T
$228K 0.04%
+1,500
New +$217K
SYM icon
152
Symbotic
SYM
$5.13B
$225K 0.04%
+5,000
New +$219K
DJT icon
153
Trump Media & Technology Group
DJT
$2.73B
$225K 0.04%
+150,000
New +$5.82M
ZLS
154
DELISTED
Zalatoris II Acquisition Corp Class A Ordinary Shares
ZLS
$150K 0.03%
13,849
-164,475
-92% -$1.77M
NPWR icon
155
NET Power
NPWR
$120M
$148K 0.03%
+13,011
New +$118K
HCVI
156
DELISTED
Hennessy Capital Investment Corp. VI Class A Common Stock
HCVI
$135K 0.02%
+12,925
New +$135K
LZM.WS icon
157
Lifezone Metals Ltd Warrants
LZM.WS
$18.2M
$131K 0.02%
202,032
-50,567
-20% -$24.4K
BZAI
158
Blaize Holdings
BZAI
$108M
$121K 0.02%
10,954
-241,983
-96% -$2.63M
GFR icon
159
Greenfire Resources
GFR
$786M
$121K 0.02%
20,303
-22,360
-52% -$123K
CVIIW
160
DELISTED
Churchill Capital Corp VII Warrants
CVIIW
$121K 0.02%
377,515
-352,165
-48% -$103K
WTMA
161
DELISTED
Welsbach Technology Metals Acquisition Corp. Common Stock
WTMA
$115K 0.02%
10,530
+55
+0.5% +$597
HUBCZ icon
162
Hub Cyber Security Warrant
HUBCZ
$118K
$108K 0.02%
2,153,811
– –
SOC.WS
163
DELISTED
Sable Offshore Corp. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50
SOC.WS
$95.9K 0.02%
+37,152
New +$93.2K
TRTL.WS
164
DELISTED
TortoiseEcofin Acquisition Corp. III Warrant, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
TRTL.WS
$92.7K 0.02%
926,758
+549
+0.1% +$57
ZEOWW
165
Zeo Energy Corp Warrants
ZEOWW
$141K
$80.2K 0.01%
667,985
+151,408
+29% +$15.9K
MNTN.WS
166
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
$78.8K 0.01%
606,392
-193,220
-24% -$24.7K
GCTS.WS
167
GCT Semiconductor Holding Warrants
GCTS.WS
$14.4M
$70K 0.01%
184,091
-165,909
-47% -$28.8K
KDKRW
168
Kodiak AI Warrants
KDKRW
$52.9K 0.01%
293,883
+30,000
+11% +$5.77K
LOTWW
169
Lotus Technology Inc Warrants
LOTWW
$29.8M
$50.8K 0.01%
+105,926
New +$62.6K
MRT icon
170
Marti Technologies
MRT
$145M
$47.9K 0.01%
58,362
+20,000
+52% +$16K
BSLKW
171
DELISTED
Bolt Projects Holdings Warrant
BSLKW
$45K 0.01%
300,000
+231,047
+335% +$33.3K
SVIIW
172
DELISTED
Spring Valley Acquisition Corp II Warrant
SVIIW
$39.7K 0.01%
360,841
+100,000
+38% +$9.78K
RMGCW
173
DELISTED
RMG Acquisition Corp. III Warrant
RMGCW
$32.4K 0.01%
540,682
– –
PEGRW
174
DELISTED
Project Energy Reimagined Acquisition Corp. Warrant
PEGRW
$30.9K 0.01%
206,110
-50,000
-20% -$2.07K
USARW
175
DELISTED
USA Rare Earth Inc Warrant
USARW
$26.9K ﹤0.01%
191,922
+50,000
+35% +$6.22K
5 6
7
8 9

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WIM
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LCG
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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.