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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
NETDW
176
DELISTED
Nabors Energy Transition Corp II Warrant
NETDW
$23.8K ﹤0.01%
+198,410
New +$23.5K
VGASW icon
177
Verde Clean Fuels Warrant
VGASW
$507K
$23.4K ﹤0.01%
+97,291
New +$17.9K
INTEW
178
DELISTED
Integral Acquisition Corporation 1 Warrants
INTEW
$22.3K ﹤0.01%
+223,048
New +$23.4K
IVCBW
179
DELISTED
Investcorp Europe Acquisition Corp I Warrant
IVCBW
$20.4K ﹤0.01%
509,071
-948
-0.2% -$131
SLNA
180
DELISTED
Selina Hospitality PLC Ordinary Shares
SLNA
$19.9K ﹤0.01%
132,841
– –
PGYWW
181
Pagaya Technologies Ltd Warrants
PGYWW
$1.09M
$13.9K ﹤0.01%
+154,481
New +$22.5K
ANSCW
182
Agriculture & Natural Solutions Acquisition Corp Warrant
ANSCW
$3.24M
$13.6K ﹤0.01%
+75,557
New +$13.1K
NOVVR
183
DELISTED
Nova Vision Acquisition Corp. Rights
NOVVR
$12.7K ﹤0.01%
79,252
– –
KVACW icon
184
Keen Vision Acquisition Corp Warrant
KVACW
$296K
$12.3K ﹤0.01%
246,657
– –
SPWR icon
185
SunPower Inc
SPWR
$60.8M
$12.2K ﹤0.01%
20,390
-21,233
-51% -$23.5K
SPKLW
186
Spark I Acquisition Corp Warrant
SPKLW
$6.7M
$11.8K ﹤0.01%
58,930
– –
OAKUW
187
DELISTED
Oak Woods Acquisition Corp Warrant
OAKUW
$10K ﹤0.01%
501,190
– –
FORLW
188
DELISTED
Four Leaf Acquisition Corp Warrants
FORLW
$8.93K ﹤0.01%
223,317
– –
AACIW
189
DELISTED
Armada Acquisition Corp. I Warrant
AACIW
$8.61K ﹤0.01%
107,659
– –
HUBCW icon
190
Hub Cyber Security Warrant 2/27/28
HUBCW
$164K
$8.09K ﹤0.01%
404,542
– –
MCAAW
191
DELISTED
Mountain & Co. I Acquisition Corp. Warrant
MCAAW
$7.62K ﹤0.01%
108,900
– –
ESHAR
192
DELISTED
ESH Acquisition Corp Right
ESHAR
$7.41K ﹤0.01%
92,627
– –
TLGYW
193
DELISTED
TLGY Acquisition Corporation Warrant
TLGYW
$7.21K ﹤0.01%
360,690
– –
CSLMW
194
DELISTED
CSLM Acquisition Corp. Warrant
CSLMW
$6.36K ﹤0.01%
+57,800
New +$5.75K
QDROW
195
DELISTED
Quadro Acquisition One Corp. Warrant
QDROW
$6K ﹤0.01%
+150,101
New +$6.89K
KYCHW
196
DELISTED
Keyarch Acquisition Corporation Warrant
KYCHW
$5K ﹤0.01%
100,000
– –
WINVR
197
DELISTED
WinVest Acquisition Corp. Right
WINVR
$4.72K ﹤0.01%
118,087
-91,636
-44% -$3.87K
NOVVW
198
DELISTED
Nova Vision Acquisition Corp. Warrant
NOVVW
$4.56K ﹤0.01%
152,000
– –
BNIXW
199
DELISTED
Bannix Acquisition Corp. Warrant
BNIXW
$4.46K ﹤0.01%
148,497
-46,800
-24% -$870
ATMVR
200
DELISTED
AlphaVest Acquisition Corp Right
ATMVR
$3.96K ﹤0.01%
49,484
-1,500
-3% -$132
6 7
8
9 10

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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.