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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
-0.54%
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
$727M
AUM Growth
+$68.5M
Cap. Flow
-$74.1M
Cap. Flow %
-10.2%
Top 10 Hldgs %
28.59%
Holding
373
New
123
Increased
37
Reduced
62
Closed
108

Top Buys

Rank Stock Value
1
PMT
PennyMac Mortgage Investment
PMT
+$11.3M
2
ACI icon
Albertsons Companies
ACI
+$5.8M
3
FHN icon
First Horizon
FHN
+$4.56M
4
ILLM
illumin Holdings Inc. Common Shares
ILLM
+$3.79M
5
NATI
National Instruments Corp
NATI
+$3.53M

Top Sells

Rank Stock Value
1
BNS icon
Scotiabank
BNS
+$20.4M
2
SJT
San Juan Basin Royalty Trust
SJT
+$12.9M
3
MNST icon
Monster Beverage
MNST
+$11M
4
COOP
Mr. Cooper
COOP
+$11M
5
UHAL.B icon
U-Haul Holding Co Series N
UHAL.B
+$10M

Sector Composition

Rank Sector Weight
1 Financials 5.98%
2 Real Estate 4.77%
3 Healthcare 4.13%
4 Technology 3.4%
5 Energy 2.08%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GSDWW
176
DELISTED
Global Systems Dynamics, Inc. Warrant
GSDWW
$36.8K 0.01%
596,678
– –
ARIZR
177
DELISTED
Arisz Acquisition Corp. Right
ARIZR
$35.5K ﹤0.01%
507,690
-33,718
-6% -$2.99K
BMAQR
178
DELISTED
Blockchain Moon Acquisition Corp. Rights
BMAQR
$33.8K ﹤0.01%
643,127
-148,979
-19% -$9.3K
WINVR
179
DELISTED
WinVest Acquisition Corp. Right
WINVR
$28.6K ﹤0.01%
461,049
-169,743
-27% -$12.7K
BNIXR
180
DELISTED
Bannix Acquisition Corp. Right
BNIXR
$26.9K ﹤0.01%
193,307
-106,693
-36% -$15.9K
GLLIR
181
DELISTED
Globalink Investment Inc. Rights
GLLIR
$26.2K ﹤0.01%
397,692
-2,308
-0.6% -$141
XBPEW
182
XBP Europe Holdings Warrant
XBPEW
$25.8K ﹤0.01%
246,196
– –
NOVVR
183
DELISTED
Nova Vision Acquisition Corp. Rights
NOVVR
$24.8K ﹤0.01%
103,152
-160,300
-61% -$28.5K
GDNRW
184
DELISTED
Gardiner Healthcare Acquisitions Corp. Warrant
GDNRW
$22.2K ﹤0.01%
232,100
-189,180
-45% -$17.3K
BDTX icon
185
Black Diamond Therapeutics
BDTX
$95.1M
$21.4K ﹤0.01%
11,316
-146,876
-93% -$337K
MCAFR
186
DELISTED
Mountain Crest Acquisition Corp. IV Rights
MCAFR
$19.9K ﹤0.01%
105,014
-111,300
-51% -$18K
TRIS.WS
187
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
$18.2K ﹤0.01%
184,138
+2,281
+1% +$152
AAGRW
188
DELISTED
African Agriculture Holdings Inc Warrant
AAGRW
$17.1K ﹤0.01%
134,569
– –
ASPAW
189
DELISTED
Abri SPAC I Inc Warrant
ASPAW
$16.7K ﹤0.01%
327,492
– –
ISRLW
190
DELISTED
Israel Acquisitions Corp Warrant
ISRLW
$16.5K ﹤0.01%
+127,000
New +$17.1K
AVACW
191
DELISTED
Avalon Acquisition Inc. Warrant
AVACW
$15.9K ﹤0.01%
177,113
-49,898
-22% -$3.84K
BMAC.WS
192
DELISTED
Black Mountain Acquisition Corp. Warrants, exercisable for one share of Class A Common Stock
BMAC.WS
$15.3K ﹤0.01%
227,900
– –
ATMVR
193
DELISTED
AlphaVest Acquisition Corp Right
ATMVR
$15K ﹤0.01%
+125,000
New +$18.6K
CIIGW
194
DELISTED
CIIG Capital Partners II, Inc. Warrant
CIIGW
$14.8K ﹤0.01%
118,340
– –
GFGDW
195
DELISTED
The Growth for Good Acquisition Corporation Warrant
GFGDW
$13.3K ﹤0.01%
147,342
+102,273
+227% +$7.76K
BMAQW
196
DELISTED
Blockchain Moon Acquisition Corp. Warrants
BMAQW
$12.9K ﹤0.01%
686,506
-17,773
-3% -$416
GIA.WS
197
DELISTED
GigCapital 5, Inc. Redeemable Warrants, each exercisable for one share of Common Stock at an exercise price of $11.50 per share
GIA.WS
$12.1K ﹤0.01%
481,095
-1,941
-0.4% -$60
ENERW
198
DELISTED
Accretion Acquisition Corp Warrant
ENERW
$11.6K ﹤0.01%
330,839
+63,489
+24% +$2.71K
NVACW
199
DELISTED
NorthView Acquisition Corporation Warrant
NVACW
$11.5K ﹤0.01%
144,066
– –
WINVW
200
DELISTED
WinVest Acquisition Corp. Warrant
WINVW
$11.1K ﹤0.01%
585,446
-2,754
-0.5% -$63
6 7
8
9 10

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K2 Principal Fund's Q1 2023 Portfolio in Review

As of Q1 2023, K2 Principal Fund held 373 positions worth $727M, up 10% from $658M the previous quarter. Its ten largest holdings account for 29% of the portfolio.

K2 Principal Fund withdrew a net $74.1M in Q1 2023, closing 108 positions and reducing 62 holdings. Its most notable exit was Scotiabank, an estimated $20.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6% of assets, down from 10% a quarter earlier, followed by Real Estate and Healthcare.

Against the trend, K2 Principal Fund opened a new position in PennyMac Mortgage Investment worth $10.4M.

  • K2 Principal Fund's largest Q1 2023 buy was PennyMac Mortgage Investment: 839,533 shares worth $10.4M.
  • K2 Principal Fund added most to First Horizon in Q1 2023, an estimated $4.56M increase.
  • K2 Principal Fund's biggest Q1 2023 reduction was San Juan Basin Royalty Trust, cutting an estimated $12.9M.
  • K2 Principal Fund fully exited Scotiabank in Q1 2023, selling an estimated $20.4M.
  • K2 Principal Fund's ten largest holdings make up 29% of its $727M portfolio in Q1 2023.
  • K2 Principal Fund opened 123 new positions and closed 108 in Q1 2023.
  • K2 Principal Fund's portfolio value rose 10% quarter-over-quarter to $727M.

Based on K2 Principal Fund's 13F filing for Q1 2023, filed 11 May 2023.