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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
+9.18%
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
$579M
AUM Growth
-$206M
Cap. Flow
-$356M
Cap. Flow %
-61.45%
Top 10 Hldgs %
27.08%
Holding
345
New
120
Increased
30
Reduced
40
Closed
108

Top Buys

Rank Stock Value
1
IAU icon
iShares Gold Trust
IAU
+$8.11M
2
IBIT icon
iShares Bitcoin Trust
IBIT
+$6.24M
3
DJT icon
Trump Media & Technology Group
DJT
+$5.82M
4
INTC icon
Intel
INTC
+$3.56M
5
ZEO
Zeo Energy
ZEO
+$3.48M

Top Sells

Rank Stock Value
1
COOP
Mr. Cooper
COOP
+$13.2M
2
SPRY icon
ARS Pharmaceuticals
SPRY
+$6.23M
3
IVCB
Investcorp Europe Acquisition Corp I Class A Ordinary Shares
IVCB
+$3.62M
4
TLT icon
iShares 20+ Year Treasury Bond ETF
TLT
+$3.55M
5
TRP icon
TC Energy
TRP
+$3.13M

Sector Composition

Rank Sector Weight
1 Financials 7.82%
2 Healthcare 4.46%
3 Technology 4.07%
4 Energy 3.13%
5 Industrials 2.74%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BOWNR
201
DELISTED
Bowen Acquisition Corp Rights
BOWNR
$3.26K ﹤0.01%
29,596
– –
MCACW
202
DELISTED
Monterey Capital Acquisition Corporation Warrants
MCACW
$2.99K ﹤0.01%
149,396
– –
OSRHW
203
OSR Health Warrant
OSRHW
$304K
$2.94K ﹤0.01%
147,176
-50,000
-25% -$850
WINVW
204
DELISTED
WinVest Acquisition Corp. Warrant
WINVW
$2.81K ﹤0.01%
281,091
-284,773
-50% -$3.84K
FEXDW
205
DELISTED
Fintech Ecosystem Development Corp. Warrant
FEXDW
$2.75K ﹤0.01%
275,000
– –
NFYS.WS
206
DELISTED
Enphys Acquisition Corp. Redeemable Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
NFYS.WS
$2.68K ﹤0.01%
53,582
-2,900
-5% -$127
XBPEW
207
XBP Europe Holdings Warrant
XBPEW
$2.51K ﹤0.01%
62,681
-31,071
-33% -$1.9K
HYAC.WS
208
DELISTED
Haymaker Acquisition Corp 4 Warrants
HYAC.WS
$2.5K ﹤0.01%
+12,500
New +$2.26K
ATMCW
209
DELISTED
AlphaTime Acquisition Corp Warrant
ATMCW
$1.42K ﹤0.01%
141,606
– –
AIV
210
CALL
Aimco
AIV
$377M
– –
-28,200
Closed -$221K
ANSCU
211
Agriculture & Natural Solutions Acquisition Corp Unit
ANSCU
– –
-151,115
Closed -$1.53M
AMCI
212
AMC Robotics
AMCI
$97.8M
– –
-148,396
Closed -$1.59M
BB icon
213
CALL
BlackBerry
BB
$4.58B
– –
-200,000
Closed -$708K
BB icon
214
PUT
BlackBerry
BB
$4.58B
– –
-650,000
Closed -$2.3M
BHR
215
PUT
Braemar Hotels & Resorts
BHR
$163M
– –
-100,000
Closed -$250K
CLBR.U
216
DELISTED
Colombier Acquisition Corp. II Units, each consisting of one Class A ordinary share and one-third of one redeemable warrant
CLBR.U
– –
-197,300
Closed -$1.99M
CPRI icon
217
Capri Holdings
CPRI
$1.82B
– –
-24,979
Closed -$1.25M
CZR icon
218
CALL
Caesars Entertainment
CZR
$6.06B
– –
-10,000
Closed -$469K
CZR icon
219
Caesars Entertainment
CZR
$6.06B
– –
-35,000
Closed -$1.64M
DHI icon
220
CALL
D.R. Horton
DHI
$41.2B
– –
-34,500
Closed -$5.24M
DMYY
221
DELISTED
dMY Squared
DMYY
– –
-260,156
Closed -$2.76M
EMCG
222
DELISTED
Embrace Change Acquisition Corp
EMCG
– –
-135,000
Closed -$1.48M
ENVX icon
223
Enovix
ENVX
$803M
– –
-24,735
Closed -$271K
FCX icon
224
Freeport-McMoran
FCX
$86.2B
– –
-11,400
Closed -$460K
FNV icon
225
PUT
Franco-Nevada
FNV
$41.3B
– –
-20,000
Closed -$2.22M
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 Q1 2024 Portfolio in Review

As of Q1 2024, K2 Principal Fund held 345 positions worth $579M, down 26% from $785M the previous quarter. Its ten largest holdings account for 27% of the portfolio.

K2 Principal Fund withdrew a net $356M in Q1 2024, closing 108 positions and reducing 40 holdings. Its most notable exit was Investcorp Europe Acquisition Corp I Class A Ordinary Shares, an estimated $3.62M position sold in full.

By sector, the portfolio is most concentrated in Financials at 7.8% of assets, down from 8.3% a quarter earlier, followed by Healthcare and Technology.

Against the trend, K2 Principal Fund opened a new position in iShares Bitcoin Trust worth $8.09M.

  • K2 Principal Fund's largest Q1 2024 buy was iShares Bitcoin Trust: 200,000 shares worth $8.09M.
  • K2 Principal Fund added most to iShares Gold Trust in Q1 2024, an estimated $8.11M increase.
  • K2 Principal Fund's biggest Q1 2024 reduction was Mr. Cooper, cutting an estimated $13.2M.
  • K2 Principal Fund fully exited Investcorp Europe Acquisition Corp I Class A Ordinary Shares in Q1 2024, selling an estimated $3.62M.
  • K2 Principal Fund's ten largest holdings make up 27% of its $579M portfolio in Q1 2024.
  • K2 Principal Fund opened 120 new positions and closed 108 in Q1 2024.
  • K2 Principal Fund's portfolio value fell 26% quarter-over-quarter to $579M.

Based on K2 Principal Fund's 13F filing for Q1 2024, filed 14 May 2024.