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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
GCTS.WS
176
GCT Semiconductor Holding Warrants
GCTS.WS
$14.5M
$23.8K ﹤0.01%
183,091
– –
BHACW
177
DELISTED
Focus Impact BH3 Acquisition Company Warrants
BHACW
$23.2K ﹤0.01%
580,967
+172,608
+42% +$10.6K
CUBWW
178
Lionheart Holdings Warrant
CUBWW
$5.35M
$21.8K ﹤0.01%
+363,314
New +$29.9K
PITAW
179
DELISTED
Heramba Electric plc Warrants
PITAW
$21.4K ﹤0.01%
+214,336
New +$21.8K
RZLVW
180
Rezolve AI Warrants
RZLVW
$5.66M
$18.7K ﹤0.01%
+103,775
New +$12.9K
SVIIR
181
DELISTED
Spring Valley Acquisition Corp II Rights
SVIIR
$18K ﹤0.01%
200,000
– –
HDRNW
182
Hadron Energy Warrant
HDRNW
$3.6M
$15.7K ﹤0.01%
+261,500
New +$14.7K
OAKUW
183
DELISTED
Oak Woods Acquisition Corp Warrant
OAKUW
$15K ﹤0.01%
501,190
– –
SVIIW
184
DELISTED
Spring Valley Acquisition Corp II Warrant
SVIIW
$14.4K ﹤0.01%
360,841
– –
INTEW
185
DELISTED
Integral Acquisition Corporation 1 Warrants
INTEW
$14.1K ﹤0.01%
351,311
– –
CSLMW
186
DELISTED
CSLM Acquisition Corp. Warrant
CSLMW
$13.4K ﹤0.01%
133,900
+76,100
+132% +$9.73K
IBACR
187
IB Acquisition Corp Right
IBACR
$12K ﹤0.01%
150,000
– –
DTSQR
188
DT Cloud Star Acquisition Corp Right
DTSQR
$11.9K ﹤0.01%
+99,000
New +$12.2K
KVACW icon
189
Keen Vision Acquisition Corp Warrant
KVACW
$446K
$11.2K ﹤0.01%
224,607
-22,050
-9% -$1.25K
TLGYW
190
DELISTED
TLGY Acquisition Corporation Warrant
TLGYW
$10.8K ﹤0.01%
360,690
– –
MNTN.WS
191
DELISTED
Everest Consolidator Acquisition Corporation Warrants, each whole warrant exercisable for one share of Class A Common Stock, at an exercise price of $11.50
MNTN.WS
$10.8K ﹤0.01%
359,510
-246,777
-41% -$24.9K
PFTAW
192
DELISTED
Perception Capital Corp. III Warrant
PFTAW
$10.5K ﹤0.01%
350,000
– –
BSLKW
193
DELISTED
Bolt Projects Holdings Warrant
BSLKW
$9K ﹤0.01%
300,000
– –
AAM.WS
194
DELISTED
AA Mission Acquisition Corp Warrants
AAM.WS
$7.5K ﹤0.01%
+125,000
New +$6.69K
ESHAR
195
DELISTED
ESH Acquisition Corp Right
ESHAR
$7.41K ﹤0.01%
92,627
– –
CHEB.WS
196
DELISTED
Chenghe Acquisition II Co. Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
CHEB.WS
$7.35K ﹤0.01%
+105,037
New +$8.77K
PLMJW
197
DELISTED
Plum Acquisition Corp. III Warrant
PLMJW
$7.05K ﹤0.01%
140,912
-19,568
-12% -$1.36K
BFAC.WS
198
DELISTED
Battery Future Acquisition Corp. Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share
BFAC.WS
$6.7K ﹤0.01%
670,438
+200,000
+43% +$4.08K
BOWNR
199
DELISTED
Bowen Acquisition Corp Rights
BOWNR
$5.62K ﹤0.01%
29,596
– –
BOCNW
200
DELISTED
Blue Ocean Acquisition Corp Warrants
BOCNW
$5.62K ﹤0.01%
281,000
– –
6 7
8
9 10

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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.