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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
LEGT.WS
201
DELISTED
Legato Merger Corp III Warrants
LEGT.WS
$41K ﹤0.01%
256,312
– –
SIMAW
202
SIM Acquisition Corp I Warrant
SIMAW
$2.65M
$40.7K ﹤0.01%
406,721
– –
NTWOW
203
Newbury Street II Acquisition Corp Warrant
NTWOW
$2.32M
$40K ﹤0.01%
+266,570
New +$40K
SEATW icon
204
Vivid Seats Inc Warrant
SEATW
$39.8K ﹤0.01%
+110,490
New +$24.1K
VEEAW
205
Veea Inc Warrant
VEEAW
$756K
$36.6K ﹤0.01%
228,890
-6,300
-3% -$1.12K
OACCW
206
Oaktree Acquisition Corp III Life Sciences Warrant
OACCW
$34.4K ﹤0.01%
+39,058
New +$25.5K
MRNOW
207
Murano Global Investments PLC Warrants
MRNOW
$218K
$31.2K ﹤0.01%
141,784
-44,900
-24% -$8.59K
VCICW
208
DELISTED
Vine Hill Capital Investment Corp Warrant
VCICW
$30.9K ﹤0.01%
+193,134
New +$24.3K
SPKLW
209
Spark I Acquisition Corp Warrant
SPKLW
$7.6M
$26.6K ﹤0.01%
266,020
– –
OAKUW
210
DELISTED
Oak Woods Acquisition Corp Warrant
OAKUW
$25.1K ﹤0.01%
501,040
-150
-0% -$6
GCTS.WS
211
GCT Semiconductor Holding Warrants
GCTS.WS
$14.5M
$23.8K ﹤0.01%
183,091
– –
PLMJW
212
DELISTED
Plum Acquisition Corp. III Warrant
PLMJW
$23.3K ﹤0.01%
129,604
-11,308
-8% -$1.29K
BSLKW
213
DELISTED
Bolt Projects Holdings Warrant
BSLKW
$18K ﹤0.01%
300,000
– –
SVIIW
214
DELISTED
Spring Valley Acquisition Corp II Warrant
SVIIW
$17.4K ﹤0.01%
348,041
-12,800
-4% -$452
HDRNW
215
Hadron Energy Warrant
HDRNW
$3.6M
$15.7K ﹤0.01%
261,500
– –
POLEW
216
Andretti Acquisition Corp II Warrant
POLEW
$15.6K ﹤0.01%
+111,237
New +$13K
ANSCW
217
Agriculture & Natural Solutions Acquisition Corp Warrant
ANSCW
$14.8K ﹤0.01%
+54,900
New +$14.9K
DTSQR
218
DT Cloud Star Acquisition Corp Right
DTSQR
$13.9K ﹤0.01%
99,000
– –
KVACW icon
219
Keen Vision Acquisition Corp Warrant
KVACW
$446K
$11.2K ﹤0.01%
224,607
– –
CSLMW
220
DELISTED
CSLM Acquisition Corp. Warrant
CSLMW
$10.7K ﹤0.01%
133,900
– –
IBACR
221
IB Acquisition Corp Right
IBACR
$10.5K ﹤0.01%
150,000
– –
AAM.WS
222
DELISTED
AA Mission Acquisition Corp Warrants
AAM.WS
$8.75K ﹤0.01%
125,000
– –
PITAW
223
DELISTED
Heramba Electric plc Warrants
PITAW
$8.57K ﹤0.01%
214,336
– –
ESHAR
224
DELISTED
ESH Acquisition Corp Right
ESHAR
$8.34K ﹤0.01%
92,627
– –
XBPEW
225
XBP Europe Holdings Warrant
XBPEW
$7.16K ﹤0.01%
+178,872
New +$6.42K
7 8
9
10 11

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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.