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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
BRLSW icon
176
Borealis Foods Inc Warrant
BRLSW
$960K
$4.38K ﹤0.01%
35,000
-65,000
-65% -$8.25K
HUBCW icon
177
Hub Cyber Security Warrant 2/27/28
HUBCW
$160K
$4.25K ﹤0.01%
404,542
– –
ZEOWW
178
Zeo Energy Corp Warrants
ZEOWW
$4.17K ﹤0.01%
115,685
+50,000
+76% +$2.64K
RMCOW icon
179
Royalty Management Holding Warrant
RMCOW
$4.06K ﹤0.01%
97,660
-61,458
-39% -$3.21K
KYCHW
180
DELISTED
Keyarch Acquisition Corporation Warrant
KYCHW
$4K ﹤0.01%
+100,000
New +$4.01K
ROSEW
181
DELISTED
Rose Hill Acquisition Corporation Warrant
ROSEW
$4K ﹤0.01%
80,000
-20,000
-20% -$698
NFYS.WS
182
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
$3.94K ﹤0.01%
56,345
+2,745
+5% +$168
GLLIW
183
DELISTED
Globalink Investment Inc. Warrants
GLLIW
$3.52K ﹤0.01%
320,000
-17,150
-5% -$329
JAQCW
184
DELISTED
Jupiter Acquisition Corporation Warrants
JAQCW
$3.41K ﹤0.01%
113,274
– –
MCACW
185
DELISTED
Monterey Capital Acquisition Corporation Warrants
MCACW
$3.29K ﹤0.01%
149,396
-4,001
-3% -$116
GDNRW
186
DELISTED
Gardiner Healthcare Acquisitions Corp. Warrant
GDNRW
$2.62K ﹤0.01%
86,729
-35,030
-29% -$1.91K
NOVVW
187
DELISTED
Nova Vision Acquisition Corp. Warrant
NOVVW
$2.6K ﹤0.01%
152,000
-50,000
-25% -$935
PHYT.WS
188
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
$2.32K ﹤0.01%
35,695
– –
IMAQW
189
DELISTED
International Media Acquisition Corp. Warrants
IMAQW
$1.97K ﹤0.01%
98,456
– –
GRMLW
190
Greenland Mines Ltd Warrant
GRMLW
$1.77K ﹤0.01%
35,335
– –
AOGOW
191
DELISTED
Arogo Capital Acquisition Corp. Warrant
AOGOW
$1.7K ﹤0.01%
32,052
-17,948
-36% -$840
ALTUW
192
DELISTED
Altitude Acquisition Corp Warrant
ALTUW
$1.6K ﹤0.01%
30,141
– –
VSACW
193
DELISTED
Vision Sensing Acquisition Corp. Warrants
VSACW
$1.25K ﹤0.01%
33,875
– –
VEEAW
194
Veea Inc Warrant
VEEAW
$1.02K ﹤0.01%
16,971
– –
OPTXW icon
195
Syntec Optics Holdings Warrant
OPTXW
$14.1M
$602 ﹤0.01%
12,873
-5,603
-30% -$280
ATMCW
196
DELISTED
AlphaTime Acquisition Corp Warrant
ATMCW
$515 ﹤0.01%
+10,099
New +$602
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
$457 ﹤0.01%
10,142
-1,920
-16% -$98
ACI icon
198
CALL
Albertsons Companies
ACI
$5.87B
– –
-10,000
Closed -$218K
AFRM icon
199
CALL
Affirm
AFRM
$23.9B
– –
-38,000
Closed -$583K
AMC icon
200
PUT
AMC Entertainment Holdings
AMC
$2.42B
– –
-15,000
Closed -$660K
6 7
8
9 10

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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.