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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
+2.96%
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
$437M
AUM Growth
-$289M
Cap. Flow
-$451M
Cap. Flow %
-103.14%
Top 10 Hldgs %
29.71%
Holding
349
New
84
Increased
25
Reduced
62
Closed
127

Top Buys

Rank Stock Value
1
ATVI
Activision Blizzard
ATVI
+$5.46M
2
WRLD icon
World Acceptance Corp
WRLD
+$4.62M
3
PFSI icon
PennyMac Financial
PFSI
+$3.57M
4
NUVA
NuVasive, Inc.
NUVA
+$2.9M
5
UHAL icon
U-Haul Holding Co
UHAL
+$2.22M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$10.5M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$9.44M
3
SJT
San Juan Basin Royalty Trust
SJT
+$8.96M
4
PMT
PennyMac Mortgage Investment
PMT
+$7.59M
5
AUY
Yamana Gold, Inc.
AUY
+$7.09M

Sector Composition

Rank Sector Weight
1 Financials 6.76%
2 Technology 5.6%
3 Healthcare 3.73%
4 Real Estate 3.63%
5 Industrials 3.5%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AG icon
201
PUT
First Majestic Silver
AG
$8.01B
– –
-100,000
Closed -$721K
APLMW icon
202
Apollomics Inc Warrant
APLMW
$1.7M
– –
-21,710
Closed -$2.29K
ASRT
203
DELISTED
Assertio
ASRT
– –
-1,882
Closed -$180K
AMCI
204
AMC Robotics
AMCI
$115M
– –
-124,265
Closed -$1.28M
BDTX icon
205
Black Diamond Therapeutics
BDTX
$99.1M
– –
-11,316
Closed -$21.4K
BNS icon
206
CALL
Scotiabank
BNS
$106B
– –
-481,800
Closed -$24.3M
BTE icon
207
PUT
Baytex Energy
BTE
$2.94B
– –
-100,000
Closed -$375K
BTM
208
DELISTED
Bitcoin Depot
BTM
– –
-1,760
Closed -$128K
CCL icon
209
CALL
Carnival Corporation Ltd
CCL
$37.1B
– –
-50,000
Closed -$508K
CCL icon
210
PUT
Carnival Corporation Ltd
CCL
$37.1B
– –
-200,000
Closed -$2.03M
CF icon
211
CALL
CF Industries
CF
$18.4B
– –
-50,000
Closed -$3.62M
CLF icon
212
CALL
Cleveland-Cliffs
CLF
$6.99B
– –
-25,000
Closed -$458K
COCH icon
213
Envoy Medical
COCH
$51.9M
– –
-158,930
Closed -$1.6M
COOP
214
CALL
DELISTED
Mr. Cooper
COOP
– –
-29,000
Closed -$1.19M
COOP
215
DELISTED
Mr. Cooper
COOP
– –
-257,211
Closed -$10.5M
CWH icon
216
CALL
Camping World
CWH
$389M
– –
-25,000
Closed -$522K
DASH icon
217
CALL
DoorDash
DASH
$80.3B
– –
-129,200
Closed -$8.21M
DKNG icon
218
CALL
DraftKings
DKNG
$12B
– –
-121,000
Closed -$2.34M
ECDA
219
DELISTED
ECD Automotive Design
ECDA
– –
-875
Closed -$1.8M
ESLAW icon
220
Estrella Immunopharma Warrant
ESLAW
– –
-118,936
Closed -$8.6K
FHN icon
221
First Horizon
FHN
$12.1B
– –
-332,798
Closed -$5.92M
FHN icon
222
PUT
First Horizon
FHN
$12.1B
– –
-50,000
Closed -$889K
FNV icon
223
CALL
Franco-Nevada
FNV
$41.4B
– –
-30,000
Closed -$4.37M
FSM icon
224
CALL
Fortuna Silver Mines
FSM
$2.59B
– –
-212,000
Closed -$810K
GLD icon
225
PUT
SPDR Gold Trust
GLD
$132B
– –
-40,000
Closed -$7.33M
7 8
9
10 11

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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 Q2 2023 Portfolio in Review

As of Q2 2023, K2 Principal Fund held 349 positions worth $437M, down 40% from $727M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

K2 Principal Fund withdrew a net $451M in Q2 2023, closing 127 positions and reducing 62 holdings. Its most notable exit was Mr. Cooper, an estimated $10.5M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.8% of assets, up from 6% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in PennyMac Financial worth $3.96M.

  • K2 Principal Fund's largest Q2 2023 buy was PennyMac Financial: 56,373 shares worth $3.96M.
  • K2 Principal Fund added most to Activision Blizzard in Q2 2023, an estimated $5.46M increase.
  • K2 Principal Fund's biggest Q2 2023 reduction was ARS Pharmaceuticals, cutting an estimated $9.44M.
  • K2 Principal Fund fully exited Mr. Cooper in Q2 2023, selling an estimated $10.5M.
  • K2 Principal Fund's ten largest holdings make up 30% of its $437M portfolio in Q2 2023.
  • K2 Principal Fund opened 84 new positions and closed 127 in Q2 2023.
  • K2 Principal Fund's portfolio value fell 40% quarter-over-quarter to $437M.

Based on K2 Principal Fund's 13F filing for Q2 2023, filed 15 Aug 2023.