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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
+11.09%
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
$658M
AUM Growth
-$213M
Cap. Flow
-$356M
Cap. Flow %
-54.08%
Top 10 Hldgs %
41.88%
Holding
370
New
83
Increased
31
Reduced
76
Closed
126

Top Buys

Rank Stock Value
1
BNS icon
Scotiabank
BNS
+$19.6M
2
UHAL.B icon
U-Haul Holding Co Series N
UHAL.B
+$10.2M
3
SJT
San Juan Basin Royalty Trust
SJT
+$6.12M
4
MNST icon
Monster Beverage
MNST
+$6.11M
5
STOR
STORE Capital Corporation
STOR
+$5.01M

Top Sells

Rank Stock Value
1
CIXX
CI Financial Corp.
CIXX
+$27.9M
2
RIVN icon
Rivian
RIVN
+$17.5M
3
PMT
PennyMac Mortgage Investment
PMT
+$15.7M
4
HTZWW
Hertz Global Holdings Warrants
HTZWW
+$13.2M
5
NMRK icon
Newmark Group
NMRK
+$13.1M

Sector Composition

Rank Sector Weight
1 Financials 10.45%
2 Healthcare 5.32%
3 Energy 4.61%
4 Real Estate 4.08%
5 Industrials 2.3%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
NVACW
201
DELISTED
NorthView Acquisition Corporation Warrant
NVACW
$5.11K ﹤0.01%
144,066
-52,934
-27% -$1.68K
ENERW
202
DELISTED
Accretion Acquisition Corp Warrant
ENERW
$5K ﹤0.01%
267,350
+17,350
+7% +$376
TRIS.WS
203
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
$4.6K ﹤0.01%
181,857
– –
CDIOW icon
204
Cardio Diagnostics Holdings Inc Warrant
CDIOW
$631K
$4.58K ﹤0.01%
92,500
– –
RMCOW icon
205
Royalty Management Holding Warrant
RMCOW
$4.47K ﹤0.01%
222,660
– –
GLLIW
206
DELISTED
Globalink Investment Inc. Warrants
GLLIW
$4.4K ﹤0.01%
400,000
– –
IMAQW
207
DELISTED
International Media Acquisition Corp. Warrants
IMAQW
$4.13K ﹤0.01%
129,216
-648,056
-83% -$19.9K
MSAIW icon
208
MultiSensor AI Holdings Warrant
MSAIW
$715K
$4.09K ﹤0.01%
372,000
-3,000
-0.8% -$197
HMA.WS
209
DELISTED
Heartland Media Acquisition Corp. Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share
HMA.WS
$4.04K ﹤0.01%
117,098
– –
BIOTW
210
DELISTED
Biotech Acquisition Company Warrant
BIOTW
$3.91K ﹤0.01%
+61,201
New +$2.34K
TRTL.WS
211
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
$3.58K ﹤0.01%
+17,874
New +$2.36K
GETR.WS
212
DELISTED
Getaround, Inc. Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 per share
GETR.WS
$3.12K ﹤0.01%
68,369
-31,631
-32% -$3.74K
BNIXW
213
DELISTED
Bannix Acquisition Corp. Warrant
BNIXW
$3K ﹤0.01%
300,000
– –
VSACW
214
DELISTED
Vision Sensing Acquisition Corp. Warrants
VSACW
$2.96K ﹤0.01%
73,875
-1,200
-2% -$43
NSTB.WS
215
DELISTED
Northern Star Investment Corp. II Redeemable warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share
NSTB.WS
$2.19K ﹤0.01%
33,804
-52,000
-61% -$1.62K
GVCIW
216
DELISTED
Green Visor Financial Technology Acquisition Corp. I Warrants
GVCIW
$2.19K ﹤0.01%
218,796
– –
GFGDW
217
DELISTED
The Growth for Good Acquisition Corporation Warrant
GFGDW
$1.72K ﹤0.01%
+45,069
New +$1.87K
PHYT.WS
218
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
$1.49K ﹤0.01%
+19,900
New +$2.31K
CSLMW
219
DELISTED
CSLM Acquisition Corp. Warrant
CSLMW
$1.37K ﹤0.01%
45,750
-20,250
-31% -$646
NOVVW
220
DELISTED
Nova Vision Acquisition Corp. Warrant
NOVVW
$1.3K ﹤0.01%
261,037
-8,963
-3% -$159
AEAEW
221
DELISTED
AltEnergy Acquisition Corp Warrant
AEAEW
$1.29K ﹤0.01%
+12,524
New +$1.52K
BWAQW
222
DELISTED
Blue World Acquisition Corporation Warrant
BWAQW
$1.24K ﹤0.01%
478,087
– –
NSTD.WS
223
DELISTED
Northern Star Investment Corp. IV Redeemable Warrants, each whole warrant exercisable for shares of Class A common stock at an exercise price of $11.50 per share
NSTD.WS
$977 ﹤0.01%
41,938
-15,999
-28% -$498
JAQCW
224
DELISTED
Jupiter Acquisition Corporation Warrants
JAQCW
$624 ﹤0.01%
113,474
– –
HORIW
225
DELISTED
Emerging Markets Horizon Corp. Warrants
HORIW
$548 ﹤0.01%
109,640
-200,360
-65% -$9.06K
7 8
9
10 11

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WIM
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LCG
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CCM
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K2 Principal Fund's Q4 2022 Portfolio in Review

As of Q4 2022, K2 Principal Fund held 370 positions worth $658M, down 24% from $871M the previous quarter. Its ten largest holdings account for 42% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q4 2022, closing 126 positions and reducing 76 holdings. Its most notable exit was Rivian, an estimated $17.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 10% of assets, up from 8% a quarter earlier, followed by Healthcare and Energy.

Against the trend, K2 Principal Fund opened a new position in Scotiabank worth $19.5M.

  • K2 Principal Fund's largest Q4 2022 buy was Scotiabank: 397,554 shares worth $19.5M.
  • K2 Principal Fund added most to San Juan Basin Royalty Trust in Q4 2022, an estimated $6.12M increase.
  • K2 Principal Fund's biggest Q4 2022 reduction was CI Financial Corp., cutting an estimated $27.9M.
  • K2 Principal Fund fully exited Rivian in Q4 2022, selling an estimated $17.5M.
  • K2 Principal Fund's ten largest holdings make up 42% of its $658M portfolio in Q4 2022.
  • K2 Principal Fund opened 83 new positions and closed 126 in Q4 2022.
  • K2 Principal Fund's portfolio value fell 24% quarter-over-quarter to $658M.

Based on K2 Principal Fund's 13F filing for Q4 2022, filed 10 Feb 2023.