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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
+9.1%
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
$901M
AUM Growth
+$206M
Cap. Flow
-$198M
Cap. Flow %
-21.99%
Top 10 Hldgs %
20.65%
Holding
406
New
128
Increased
42
Reduced
35
Closed
102

Top Buys

Rank Stock Value
1
WLAC
Willow Lane Acquisition Corp
WLAC
+$9.24M
2
DYNC
Dynamix Corp
DYNC
+$8.53M
3
MLACU
Mountain Lake Acquisition Corp Units
MLACU
+$7.5M
4
TDACU
Translational Development Acquisition Corp Units
TDACU
+$6.76M
5
SEI
Solaris Energy Infrastructure
SEI
+$6.13M

Top Sells

Rank Stock Value
1
VACHU
Voyager Acquisition Corp Unit
VACHU
+$10.4M
2
HONDU
HCM II Acquisition Corp Unit
HONDU
+$7.76M
3
VCICU
Vine Hill Capital Investment Corp Unit
VCICU
+$7.25M
4
PMT
PennyMac Mortgage Investment
PMT
+$5.84M
5
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$5.4M

Sector Composition

Rank Sector Weight
1 Financials 4.72%
2 Technology 2.72%
3 Energy 2.11%
4 Communication Services 1.71%
5 Consumer Discretionary 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
INFN
176
DELISTED
Infinera Corporation Common Stock
INFN
$134K 0.01%
+20,441
New +$136K
ZEOWW
177
Zeo Energy Corp Warrants
ZEOWW
$130K 0.01%
1,295,598
+39,719
+3% +$2.17K
DYNCW
178
Dynamix Corp Warrant
DYNCW
$124K 0.01%
+475,000
New +$120K
DMA
179
Destra Multi-Alternative Fund
DMA
$68.5M
$121K 0.01%
+14,330
New +$126K
BEAGR
180
Bold Eagle Acquisition Corp Right
BEAGR
$116K 0.01%
+527,033
New +$115K
NPWR.WS icon
181
NET Power Inc Warrants
NPWR.WS
$13.2M
$107K 0.01%
+29,807
New +$84.3K
BSIIW
182
DELISTED
Black Spade Acquisition II Co Warrant
BSIIW
$105K 0.01%
+262,382
New +$75.1K
ABLLW
183
DELISTED
Abacus Life Warrant
ABLLW
$91.7K 0.01%
+87,357
New +$116K
ALDFW
184
Aldel Financial II Inc Warrants
ALDFW
$90K 0.01%
+300,000
New +$76.3K
CCIRW
185
DELISTED
Cohen Circle Acquisition Corp. I Warrant
CCIRW
$88.9K 0.01%
+197,609
New +$73.7K
NAK
186
CALL
Northern Dynasty Minerals
NAK
$796M
$87K 0.01%
+150,000
New +$66.9K
KDKRW
187
Kodiak AI Warrants
KDKRW
$86K 0.01%
573,515
+29,343
+5% +$5.79K
PITA
188
DELISTED
Heramba Electric plc Ordinary Shares
PITA
$82.7K 0.01%
63,631
– –
HPAI
189
Helport AI
HPAI
$16.9M
$81K 0.01%
29,152
– –
LPBBW
190
Launch Two Acquisition Corp Warrant
LPBBW
$2.98M
$76.9K 0.01%
+426,958
New +$70K
LPAAW
191
Launch One Acquisition Corp Warrant
LPAAW
$72.8K 0.01%
519,816
+10,900
+2% +$1.05K
VACHW
192
DELISTED
Voyager Acquisition Corp Warrants
VACHW
$62.5K 0.01%
+521,200
New +$48K
FACTW
193
FACT II Acquisition Corp Warrant
FACTW
$2.01M
$56.5K 0.01%
+376,675
New +$64.8K
MACIW
194
Melar Acquisition Corp I Warrant
MACIW
$1.07M
$54.5K 0.01%
454,151
+95,000
+26% +$10.1K
GAU
195
PUT
Galiano Gold
GAU
$441M
$52.5K 0.01%
+42,700
New +$61.6K
NETDW
196
DELISTED
Nabors Energy Transition Corp II Warrant
NETDW
$47.2K 0.01%
294,946
-200
-0.1% -$26
IMSRW
197
Terrestrial Energy Warrant
IMSRW
$22.2M
$46.2K 0.01%
+384,644
New +$37.8K
CUBWW
198
Lionheart Holdings Warrant
CUBWW
$45.5K 0.01%
413,314
+50,000
+14% +$3.98K
CHARR
199
Charlton Aria Acquisition Corp Rights
CHARR
$42K ﹤0.01%
+300,000
New +$42.8K
ALFUW
200
Centurion Acquisition Corp Warrant
ALFUW
$3.5M
$41.4K ﹤0.01%
295,553
+5,000
+2% +$543
6 7
8
9 10

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SC
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WIM
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LCG
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CCM
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SMA
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SCA
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K2 Principal Fund's Q4 2024 Portfolio in Review

As of Q4 2024, K2 Principal Fund held 406 positions worth $901M, up 30% from $695M the previous quarter. Its ten largest holdings account for 21% of the portfolio.

K2 Principal Fund withdrew a net $198M in Q4 2024, closing 102 positions and reducing 35 holdings. Its most notable exit was Voyager Acquisition Corp Unit, an estimated $10.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.7% of assets, up from 3.2% a quarter earlier, followed by Technology and Energy.

Against the trend, K2 Principal Fund opened a new position in Willow Lane Acquisition Corp worth $9.24M.

  • K2 Principal Fund's largest Q4 2024 buy was Willow Lane Acquisition Corp: 933,888 shares worth $9.24M.
  • K2 Principal Fund added most to Alphabet (Google) Class C in Q4 2024, an estimated $3.01M increase.
  • K2 Principal Fund's biggest Q4 2024 reduction was Presidio Production Co, cutting an estimated $2.6M.
  • K2 Principal Fund fully exited Voyager Acquisition Corp Unit in Q4 2024, selling an estimated $10.4M.
  • K2 Principal Fund's ten largest holdings make up 21% of its $901M portfolio in Q4 2024.
  • K2 Principal Fund opened 128 new positions and closed 102 in Q4 2024.
  • K2 Principal Fund's portfolio value rose 30% quarter-over-quarter to $901M.

Based on K2 Principal Fund's 13F filing for Q4 2024, filed 14 Feb 2025.