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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
+1.55%
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
$695M
AUM Growth
+$157M
Cap. Flow
-$235M
Cap. Flow %
-33.78%
Top 10 Hldgs %
21.92%
Holding
353
New
106
Increased
32
Reduced
41
Closed
90

Top Buys

Rank Stock Value
1
VACHU
Voyager Acquisition Corp Unit
VACHU
+$10.4M
2
HONDU
HCM II Acquisition Corp Unit
HONDU
+$7.74M
3
VCICU
Vine Hill Capital Investment Corp Unit
VCICU
+$7.25M
4
PMT
PennyMac Mortgage Investment
PMT
+$5.71M
5
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$5.4M

Top Sells

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$27.9M
2
ALFUU
Centurion Acquisition Corp Unit
ALFUU
+$6.39M
3
CUBWU
Lionheart Holdings Unit
CUBWU
+$4.79M
4
SRG
Seritage Growth Properties
SRG
+$4.61M
5
CORZ icon
Core Scientific
CORZ
+$4.45M

Sector Composition

Rank Sector Weight
1 Technology 4.14%
2 Financials 3.19%
3 Energy 2.1%
4 Healthcare 1.71%
5 Consumer Discretionary 1.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CORZZ icon
151
Core Scientific Inc Tranche 2 Warrants
CORZZ
$1.72B
$188K 0.03%
15,951
-288,542
-95% -$2.97M
MBI icon
152
MBIA
MBI
$278M
$173K 0.02%
+48,449
New +$200K
SABA
153
Saba Capital Income & Opportunities Fund II
SABA
$221M
$170K 0.02%
+20,000
New +$165K
BMEZ icon
154
BlackRock Health Sciences Trust II
BMEZ
$968M
$158K 0.02%
+10,000
New +$158K
BTDR icon
155
Bitdeer Technologies
BTDR
$2.5B
$157K 0.02%
+20,000
New +$166K
MBAVW
156
DELISTED
M3-Brigade Acquisition V Corp Warrant
MBAVW
$122K 0.02%
+811,008
New +$109K
GLAC
157
DELISTED
Global Lights Acquisition Corp Ordinary Shares
GLAC
$113K 0.02%
+10,841
New +$113K
PITA
158
DELISTED
Heramba Electric plc Ordinary Shares
PITA
$109K 0.02%
+63,631
New +$153K
USARW
159
DELISTED
USA Rare Earth Inc Warrant
USARW
$103K 0.01%
430,029
+171,894
+67% +$29.3K
KDKRW
160
Kodiak AI Warrants
KDKRW
$87.1K 0.01%
544,172
– –
HPAI
161
Helport AI
HPAI
$16.6M
$71.7K 0.01%
+29,152
New +$167K
FTW.WS
162
Presidio Production Co Warrants
FTW.WS
$70K 0.01%
+538,356
New +$75.4K
KEEL
163
Keel Infrastructure Corp
KEEL
$2.25B
$64.9K 0.01%
30,745
-286,580
-90% -$664K
ZEOWW
164
Zeo Energy Corp Warrants
ZEOWW
$62.8K 0.01%
1,255,879
+587,894
+88% +$30.8K
XFOR icon
165
X4 Pharmaceuticals
XFOR
$371M
$59.7K 0.01%
2,972
-13,333
-82% -$278K
VEEAW
166
Veea Inc Warrant
VEEAW
$756K
$56.4K 0.01%
235,190
– –
LPAAW
167
Launch One Acquisition Corp Warrant
LPAAW
$1.96M
$40.7K 0.01%
+508,916
New +$41.7K
SKGRW
168
DELISTED
SK Growth Opportunities Corporation Warrant
SKGRW
$38.7K 0.01%
184,157
– –
LEGT.WS
169
DELISTED
Legato Merger Corp III Warrants
LEGT.WS
$38.4K 0.01%
256,312
+206,312
+413% +$26.1K
SIMAW
170
SIM Acquisition Corp I Warrant
SIMAW
$2.65M
$36.6K 0.01%
+406,721
New +$36K
SPKLW
171
Spark I Acquisition Corp Warrant
SPKLW
$7.6M
$34.6K 0.01%
266,020
+207,090
+351% +$34.7K
MACIW
172
Melar Acquisition Corp I Warrant
MACIW
$1.07M
$32.3K ﹤0.01%
+359,151
New +$39.5K
MRNOW
173
Murano Global Investments PLC Warrants
MRNOW
$218K
$28K ﹤0.01%
186,684
-60,628
-25% -$8.01K
NETDW
174
DELISTED
Nabors Energy Transition Corp II Warrant
NETDW
$26.6K ﹤0.01%
295,146
– –
ALFUW
175
Centurion Acquisition Corp Warrant
ALFUW
$3.5M
$26.1K ﹤0.01%
+290,553
New +$29.4K
5 6
7
8 9

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KGI
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SC
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WIM
Weitz Investment Management Omaha, Nebraska $1.43B AUM 0.51% 1-Year Est. Return
LCG
Luxor Capital Group New York $1.43B AUM 30.88% 1-Year Est. Return
CCM
Callodine Capital Management Boston, Massachusetts $1.43B AUM 8.74% 1-Year Est. Return
TS
Triglav Skladi Ljubljana, Slovenia $1.43B AUM 39.24% 1-Year Est. Return
SMA
Sage Mountain Advisors Atlanta, Georgia $1.43B AUM 16.47% 1-Year Est. Return
SCA
Stonebridge Capital Advisors St Paul, Minnesota $1.43B AUM 21.98% 1-Year Est. Return

K2 Principal Fund's Q3 2024 Portfolio in Review

As of Q3 2024, K2 Principal Fund held 353 positions worth $695M, up 29% from $538M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

K2 Principal Fund withdrew a net $235M in Q3 2024, closing 90 positions and reducing 41 holdings. Its most notable exit was Centurion Acquisition Corp Unit, an estimated $6.39M position sold in full.

By sector, the portfolio is most concentrated in Technology at 4.1% of assets, down from 6.5% a quarter earlier, followed by Financials and Energy.

Against the trend, K2 Principal Fund opened a new position in Voyager Acquisition Corp Unit worth $10.4M.

  • K2 Principal Fund's largest Q3 2024 buy was Voyager Acquisition Corp Unit: 1,042,400 shares worth $10.4M.
  • K2 Principal Fund added most to iTeos Therapeutics in Q3 2024, an estimated $4.24M increase.
  • K2 Principal Fund's biggest Q3 2024 reduction was ARS Pharmaceuticals, cutting an estimated $27.9M.
  • K2 Principal Fund fully exited Centurion Acquisition Corp Unit in Q3 2024, selling an estimated $6.39M.
  • K2 Principal Fund's ten largest holdings make up 22% of its $695M portfolio in Q3 2024.
  • K2 Principal Fund opened 106 new positions and closed 90 in Q3 2024.
  • K2 Principal Fund's portfolio value rose 29% quarter-over-quarter to $695M.

Based on K2 Principal Fund's 13F filing for Q3 2024, filed 15 Nov 2024.