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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
-0.62%
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
$477M
AUM Growth
+$40.2M
Cap. Flow
-$122M
Cap. Flow %
-25.62%
Top 10 Hldgs %
32.85%
Holding
320
New
93
Increased
27
Reduced
48
Closed
94

Top Buys

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.4M
2
COOP
Mr. Cooper
COOP
+$7.77M
3
GMED icon
Globus Medical
GMED
+$3.92M
4
CVE icon
Cenovus Energy
CVE
+$3.82M
5
TSEM icon
Tower Semiconductor
TSEM
+$3.17M

Top Sells

Rank Stock Value
1
WRLD icon
World Acceptance Corp
WRLD
+$7.53M
2
NUVA
NuVasive, Inc.
NUVA
+$4.42M
3
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$3.33M
4
LSI
Life Storage, Inc.
LSI
+$3.09M
5
ILLM
illumin Holdings Inc. Common Shares
ILLM
+$2.86M

Sector Composition

Rank Sector Weight
1 Technology 6.54%
2 Healthcare 4.19%
3 Financials 3.85%
4 Energy 2.45%
5 Real Estate 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
CCL icon
201
Carnival Corporation Ltd
CCL
$38B
– –
-14,106
Closed -$234K
CGAU
202
Centerra Gold
CGAU
$3.32B
– –
-210,000
Closed -$1.26M
CGC
203
PUT
Canopy Growth
CGC
$366M
– –
-100,000
Closed -$388K
CLDT
204
CALL
Chatham Lodging
CLDT
$631M
– –
-85,400
Closed -$799K
CLF icon
205
PUT
Cleveland-Cliffs
CLF
$6.43B
– –
-20,000
Closed -$335K
CVX icon
206
Chevron
CVX
$383B
– –
-8,482
Closed -$1.33M
DHI icon
207
CALL
D.R. Horton
DHI
$41.8B
– –
-15,000
Closed -$1.83M
DKNG icon
208
DraftKings
DKNG
$12B
– –
-84,899
Closed -$2.26M
DLR icon
209
CALL
Digital Realty Trust
DLR
$69.3B
– –
-14,000
Closed -$1.59M
DNA icon
210
CALL
Ginkgo Bioworks
DNA
$494M
– –
-1,050
Closed -$78.1K
DNA icon
211
PUT
Ginkgo Bioworks
DNA
$494M
– –
-800
Closed -$59.5K
EQR icon
212
CALL
Equity Residential
EQR
$25.7B
– –
-26,000
Closed -$1.72M
FCX icon
213
CALL
Freeport-McMoran
FCX
$84.5B
– –
-30,000
Closed -$1.2M
FCX icon
214
Freeport-McMoran
FCX
$84.5B
– –
-14,545
Closed -$586K
FRPT icon
215
PUT
Freshpet
FRPT
$3.04B
– –
-51,500
Closed -$3.39M
FSM icon
216
PUT
Fortuna Silver Mines
FSM
$2.48B
– –
-105,000
Closed -$340K
HYG icon
217
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.8B
– –
-150,000
Closed -$11.3M
IWM icon
218
PUT
iShares Russell 2000 ETF
IWM
$79.3B
– –
-100,000
Closed -$18.7M
JNJ icon
219
CALL
Johnson & Johnson
JNJ
$646B
– –
-42,100
Closed -$6.97M
KOLD icon
220
PUT
ProShares UltraShort Bloomberg Natural Gas
KOLD
$118M
– –
-60,000
Closed -$1.66M
KR icon
221
CALL
Kroger
KR
$36.9B
– –
-10,000
Closed -$470K
LEN icon
222
CALL
Lennar Class A
LEN
$20.7B
– –
-10,330
Closed -$1.25M
LXU icon
223
CALL
LSB Industries
LXU
$835M
– –
-50,000
Closed -$493K
LYFT icon
224
CALL
Lyft
LYFT
$5.77B
– –
-42,000
Closed -$403K
MT icon
225
CALL
ArcelorMittal
MT
$49.5B
– –
-10,000
Closed -$273K
7 8
9
10 11

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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 Q3 2023 Portfolio in Review

As of Q3 2023, K2 Principal Fund held 320 positions worth $477M, up 9.2% from $437M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

K2 Principal Fund withdrew a net $122M in Q3 2023, closing 94 positions and reducing 48 holdings. Its most notable exit was World Acceptance Corp, an estimated $7.53M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 5.6% a quarter earlier, followed by Healthcare and Financials.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $7.57M.

  • K2 Principal Fund's largest Q3 2023 buy was Mr. Cooper: 141,363 shares worth $7.57M.
  • K2 Principal Fund added most to ARS Pharmaceuticals in Q3 2023, an estimated $8.4M increase.
  • K2 Principal Fund's biggest Q3 2023 reduction was PennyMac Mortgage Investment, cutting an estimated $2.73M.
  • K2 Principal Fund fully exited World Acceptance Corp in Q3 2023, selling an estimated $7.53M.
  • K2 Principal Fund's ten largest holdings make up 33% of its $477M portfolio in Q3 2023.
  • K2 Principal Fund opened 93 new positions and closed 94 in Q3 2023.
  • K2 Principal Fund's portfolio value rose 9.2% quarter-over-quarter to $477M.

Based on K2 Principal Fund's 13F filing for Q3 2023, filed 13 Nov 2023.