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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
+11.75%
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
$1.14B
AUM Growth
+$472M
Cap. Flow
+$253M
Cap. Flow %
22.19%
Top 10 Hldgs %
31.13%
Holding
444
New
192
Increased
28
Reduced
51
Closed
137

Top Buys

Rank Stock Value
1
CIXX
CI Financial Corp.
CIXX
+$25.5M
2
LCID icon
Lucid Motors
LCID
+$12.9M
3
VHAQ.U
Viveon Health Acquisition Corp. Units, each consisting of one share of common stock, one Warrant entitling the holder to purchase one-half of a share of common stock, and one right to receive one-twentieth of a share of common stock
VHAQ.U
+$12.8M
4
PFSI icon
PennyMac Financial
PFSI
+$12.6M
5
NOACU
Natural Order Acquisition Corp. Unit
NOACU
+$10.8M

Top Sells

Rank Stock Value
1
SKIL icon
Skillsoft
SKIL
+$10.2M
2
MVST icon
Microvast
MVST
+$10.2M
3
BG icon
Bunge Global
BG
+$9.6M
4
APXTU
Apex Technology Acquisition Corporation Unit
APXTU
+$9.03M
5
OSB
Norbord Inc.
OSB
+$8.77M

Sector Composition

Rank Sector Weight
1 Financials 11.13%
2 Industrials 3.32%
3 Consumer Discretionary 2.76%
4 Technology 2.33%
5 Real Estate 2.05%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPY icon
1
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
$74.8M 6.55%
+200,000
New +$71M
RNG icon
2
PUT
RingCentral
RNG
$3.24B
$74M 6.48%
+195,200
New +$60.7M
PFSI icon
3
PennyMac Financial
PFSI
$4.29B
$48M 4.21%
732,046
+211,202
+41% +$12.6M
TLT icon
4
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$36.4M 3.19%
+231,000
New +$36.7M
PLNT icon
5
PUT
Planet Fitness
PLNT
$4.29B
$34.6M 3.03%
+445,200
New +$31.1M
CIXX
6
DELISTED
CI Financial Corp.
CIXX
$24.4M 2.14%
+1,967,717
New +$25.5M
GLD icon
7
PUT
SPDR Gold Trust
GLD
$130B
$17.8M 1.56%
+100,000
New +$17.6M
PFSI icon
8
PUT
PennyMac Financial
PFSI
$4.29B
$16.4M 1.44%
250,000
+200,000
+400% +$11.9M
RNG icon
9
CALL
RingCentral
RNG
$3.24B
$14.4M 1.26%
+38,000
New +$11.8M
LVS icon
10
CALL
Las Vegas Sands
LVS
$30.5B
$14.3M 1.25%
+240,200
New +$12.8M
LCID icon
11
Lucid Motors
LCID
$2.52B
$13.2M 1.16%
+131,990
New +$12.9M
WY icon
12
CALL
Weyerhaeuser
WY
$17B
$12.9M 1.13%
385,800
+120,700
+46% +$3.63M
VHAQ.U
13
DELISTED
Viveon Health Acquisition Corp. Units, each consisting of one share of common stock, one Warrant entitling the holder to purchase one-half of a share of common stock, and one right to receive one-twentieth of a share of common stock
VHAQ.U
$12.8M 1.13%
+1,250,000
New +$12.8M
SMH icon
14
PUT
VanEck Semiconductor ETF
SMH
$69.8B
$12.6M 1.1%
115,000
+15,000
+15% +$1.49M
NOACU
15
DELISTED
Natural Order Acquisition Corp. Unit
NOACU
$10.9M 0.96%
+1,009,066
New +$10.8M
MIR icon
16
Mirion Technologies
MIR
$4.13B
$10.8M 0.94%
+987,985
New +$10.2M
IAG icon
17
IAMGOLD
IAG
$8.51B
$10.5M 0.92%
+2,245,100
New +$8.24M
SVOKU
18
DELISTED
Seven Oaks Acquisition Corp. Unit
SVOKU
$10.3M 0.9%
+992,252
New +$10.2M
PRPB.U
19
DELISTED
CC Neuberger Principal Holdings II
PRPB.U
$9.68M 0.85%
898,000
-78,880
-8% -$811K
CWB icon
20
PUT
State Street SPDR Bloomberg Convertible Securities ETF
CWB
$5.74B
$8.96M 0.79%
+108,200
New +$8.17M
BG icon
21
CALL
Bunge Global
BG
$23.7B
$8.45M 0.74%
128,800
+13,800
+12% +$805K
QCOM icon
22
CALL
Qualcomm
QCOM
$180B
$8.38M 0.73%
55,000
-45,000
-45% -$6.27M
XPO icon
23
CALL
XPO
XPO
$25.1B
$8.34M 0.73%
+202,398
New +$7.33M
GLAQU
24
DELISTED
Globis Acquisition Corp. Unit
GLAQU
$8.22M 0.72%
+800,000
New +$8.29M
LPX icon
25
Louisiana-Pacific
LPX
$5.04B
$7.65M 0.67%
+205,800
New +$6.89M
1
2 3 4 5

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SC
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WIM
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LCG
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CCM
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K2 Principal Fund's Q4 2020 Portfolio in Review

As of Q4 2020, K2 Principal Fund held 444 positions worth $1.14B, up 71% from $669M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

K2 Principal Fund deployed $253M of net new capital in Q4 2020, opening 192 new positions and adding to 28 existing holdings. Its largest new stake was CI Financial Corp.: 1,967,717 shares worth $24.4M.

By sector, the portfolio is most concentrated in Financials at 11% of assets, up from 9.6% a quarter earlier, followed by Industrials and Consumer Discretionary.

On the sell side, the largest reduction was Bunge Global, an estimated $9.6M trimmed.

  • K2 Principal Fund's largest Q4 2020 buy was CI Financial Corp.: 1,967,717 shares worth $24.4M.
  • K2 Principal Fund added most to PennyMac Financial in Q4 2020, an estimated $12.6M increase.
  • K2 Principal Fund's biggest Q4 2020 reduction was Bunge Global, cutting an estimated $9.6M.
  • K2 Principal Fund fully exited Skillsoft in Q4 2020, selling an estimated $10.2M.
  • K2 Principal Fund's ten largest holdings make up 31% of its $1.14B portfolio in Q4 2020.
  • K2 Principal Fund opened 192 new positions and closed 137 in Q4 2020.
  • K2 Principal Fund's portfolio value rose 71% quarter-over-quarter to $1.14B.

Based on K2 Principal Fund's 13F filing for Q4 2020, filed 12 Feb 2021.