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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
+2.96%
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
$437M
AUM Growth
-$289M
Cap. Flow
-$451M
Cap. Flow %
-103.14%
Top 10 Hldgs %
29.71%
Holding
349
New
84
Increased
25
Reduced
62
Closed
127

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$5.46M
2
WRLD icon
World Acceptance Corp
WRLD
+$4.62M
3
PFSI icon
PennyMac Financial
PFSI
+$3.57M
4
NUVA
NuVasive, Inc.
NUVA
+$2.9M
5
UHAL icon
U-Haul Holding Co
UHAL
+$2.22M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$10.5M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$9.44M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.96M
4
PMT
PennyMac Mortgage Investment
PMT
+$7.59M
5
AUY
Yamana Gold, Inc.
AUY
+$7.09M

Sector Composition

Rank Sector Weight
1 Financials 6.76%
2 Technology 5.6%
3 Healthcare 3.73%
4 Real Estate 3.63%
5 Industrials 3.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TRIS.WS
176
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
$4.97K ﹤0.01%
184,138
– –
ZEOWW
177
Zeo Energy Corp Warrants
ZEOWW
$160K
$4.6K ﹤0.01%
+65,685
New +$4.49K
RMCOW icon
178
Royalty Management Holding Warrant
RMCOW
$1.49M
$4.3K ﹤0.01%
159,118
-63,542
-29% -$1.93K
ONMDW icon
179
OneMedNet Corp Warrant
ONMDW
$787K
$4.18K ﹤0.01%
234,708
-100,700
-30% -$2.82K
AMODW
180
Alpha Modus Holdings Warrant
AMODW
$256K
$3.9K ﹤0.01%
+129,537
New +$8.46K
AIRJW
181
AirJoule Technologies Warrant
AIRJW
$63.7M
$3.48K ﹤0.01%
+49,899
New +$3.65K
MCACW
182
DELISTED
Monterey Capital Acquisition Corporation Warrants
MCACW
$3.07K ﹤0.01%
153,397
-8,920
-5% -$322
PHYT.WS
183
DELISTED
Pyrophyte Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
PHYT.WS
$2.86K ﹤0.01%
35,695
-85,255
-70% -$7.95K
ROSEW
184
DELISTED
Rose Hill Acquisition Corporation Warrant
ROSEW
$2.5K ﹤0.01%
100,000
– –
ZAPPW
185
DELISTED
Zapp Electric Vehicles Group Limited Warrant
ZAPPW
$2.47K ﹤0.01%
+48,403
New +$3.4K
NFYS.WS
186
DELISTED
Enphys Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
NFYS.WS
$2.34K ﹤0.01%
53,600
– –
AOGOW
187
DELISTED
Arogo Capital Acquisition Corp. Warrant
AOGOW
$2.3K ﹤0.01%
50,000
– –
NOVVW
188
DELISTED
Nova Vision Acquisition Corp. Warrant
NOVVW
$2.02K ﹤0.01%
202,000
– –
JAQCW
189
DELISTED
Jupiter Acquisition Corporation Warrants
JAQCW
$1.88K ﹤0.01%
113,274
– –
GRMLW
190
Greenland Mines Ltd Warrant
GRMLW
$1.77K ﹤0.01%
35,335
– –
IMAQW
191
DELISTED
International Media Acquisition Corp. Warrants
IMAQW
$1.72K ﹤0.01%
98,456
– –
ALTUW
192
DELISTED
Altitude Acquisition Corp Warrant
ALTUW
$1.66K ﹤0.01%
30,141
-4,102
-12% -$248
AEAEW
193
DELISTED
AltEnergy Acquisition Corp Warrant
AEAEW
$1.53K ﹤0.01%
43,845
+27,324
+165% +$1.79K
VSACW
194
DELISTED
Vision Sensing Acquisition Corp. Warrants
VSACW
$1.05K ﹤0.01%
33,875
– –
OPTXW icon
195
Syntec Optics Holdings Warrant
OPTXW
$16.2M
$970 ﹤0.01%
+18,476
New +$1.12K
TRTL.WS
196
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
$670 ﹤0.01%
16,625
-2,006
-11% -$187
APCA.WS
197
DELISTED
AP Acquisition Corp Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
APCA.WS
$543 ﹤0.01%
+12,062
New +$794
VEEAW
198
Veea Inc Warrant
VEEAW
$756K
$509 ﹤0.01%
16,971
-18,300
-52% -$2.59K
AA icon
199
PUT
Alcoa
AA
$11.6B
– –
-63,000
Closed -$2.68M
ABEV icon
200
Ambev
ABEV
$47.4B
– –
-402,639
Closed -$1.14M
6 7
8
9 10

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WIM
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LCG
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CCM
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K2 Principal Fund's Q2 2023 Portfolio in Review

As of Q2 2023, K2 Principal Fund held 349 positions worth $437M, down 40% from $727M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

K2 Principal Fund withdrew a net $451M in Q2 2023, closing 127 positions and reducing 62 holdings. Its most notable exit was Mr. Cooper, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.8% of assets, up from 6% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in PennyMac Financial worth $3.96M.

  • K2 Principal Fund's largest Q2 2023 buy was PennyMac Financial: 56,373 shares worth $3.96M.
  • K2 Principal Fund added most to Activision Blizzard in Q2 2023, an estimated $5.46M increase.
  • K2 Principal Fund's biggest Q2 2023 reduction was ARS Pharmaceuticals, cutting an estimated $9.44M.
  • K2 Principal Fund fully exited Mr. Cooper in Q2 2023, selling an estimated $10.5M.
  • K2 Principal Fund's ten largest holdings make up 30% of its $437M portfolio in Q2 2023.
  • K2 Principal Fund opened 84 new positions and closed 127 in Q2 2023.
  • K2 Principal Fund's portfolio value fell 40% quarter-over-quarter to $437M.

Based on K2 Principal Fund's 13F filing for Q2 2023, filed 15 Aug 2023.