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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
+4.1%
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
$1.2B
AUM Growth
-$62.4M
Cap. Flow
-$305M
Cap. Flow %
-25.32%
Top 10 Hldgs %
18.47%
Holding
522
New
224
Increased
59
Reduced
21
Closed
158

Top Buys

Rank Stock Value
1
GACQU
Global Consumer Acquisition Corp. Unit
GACQU
+$12.2M
2
SKIN icon
SkinHealth Systems
SKIN
+$10.3M
3
HHH icon
Howard Hughes
HHH
+$9.02M
4
SOND
Sonder
SOND
+$8.11M
5
NLITU
Northern Lights Acquisition Corp. Units
NLITU
+$8.11M

Top Sells

Rank Stock Value
1
PFSI icon
PennyMac Financial
PFSI
+$20.4M
2
VAR
Varian Medical Systems, Inc.
VAR
+$9.52M
3
VWE
Vintage Wine Estates, Inc. Common Stock
VWE
+$7.1M
4
GLAQ
Globis Acquisition Corp. common stock
GLAQ
+$5.59M
5
SKINW
The Beauty Health Company Warrant expiring 5/4/2026
SKINW
+$5.03M

Sector Composition

Rank Sector Weight
1 Financials 14.93%
2 Healthcare 6.9%
3 Consumer Discretionary 4.69%
4 Real Estate 4.09%
5 Technology 3.59%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BA icon
1
CALL
Boeing
BA
$165B
$40.7M 3.39%
+170,000
New +$41.1M
INMD icon
2
CALL
InMode
INMD
$867M
$28.8M 2.39%
+608,000
New +$25.8M
SKIN icon
3
SkinHealth Systems
SKIN
$95.9M
$26.6M 2.21%
1,580,580
+749,932
+90% +$10.3M
GLD icon
4
PUT
SPDR Gold Trust
GLD
$130B
$25.7M 2.13%
155,000
+25,000
+19% +$4.25M
XLE icon
5
CALL
State Street Energy Select Sector SPDR ETF
XLE
$39.3B
$21.8M 1.81%
810,000
+698,000
+623% +$18.2M
HHH icon
6
Howard Hughes
HHH
$3.92B
$20.5M 1.71%
220,913
+91,038
+70% +$9.02M
PRPB
7
DELISTED
CC Neuberger Principal Holdings II Class A Ordinary Shares
PRPB
$15.1M 1.26%
1,528,838
+619,580
+68% +$6.15M
IWM icon
8
PUT
iShares Russell 2000 ETF
IWM
$81.2B
$13.8M 1.14%
+60,000
New +$13.5M
GACQU
9
DELISTED
Global Consumer Acquisition Corp. Unit
GACQU
$12.2M 1.02%
+1,225,489
New +$12.2M
IAU icon
10
CALL
iShares Gold Trust
IAU
$62.9B
$11.5M 0.95%
+340,050
New +$11.8M
NOAC
11
DELISTED
Natural Order Acquisition Corp. Common Stock
NOAC
$10.3M 0.86%
1,053,080
+301,439
+40% +$3M
BPYU
12
DELISTED
Brookfield Property REIT Inc. Class A Common Stock
BPYU
$10.2M 0.85%
541,344
+311,932
+136% +$5.71M
SOND
13
DELISTED
Sonder
SOND
$10.1M 0.84%
51,134
+40,839
+397% +$8.11M
HYG icon
14
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
$9.68M 0.8%
109,900
+39,900
+57% +$3.48M
LPX icon
15
CALL
Louisiana-Pacific
LPX
$5.04B
$9.51M 0.79%
+157,700
New +$10.1M
IMO icon
16
PUT
Imperial Oil
IMO
$62.3B
$9.12M 0.76%
+300,000
New +$9.04M
ITB icon
17
PUT
iShares US Home Construction ETF
ITB
$2.35B
$9M 0.75%
+130,000
New +$9.21M
INMD icon
18
InMode
INMD
$867M
$8.88M 0.74%
187,536
+158,796
+553% +$6.75M
MERC icon
19
CALL
Mercer International
MERC
$46.5M
$8.83M 0.73%
692,900
+543,200
+363% +$8.05M
SVOK
20
DELISTED
Seven Oaks Acquisition Corp. Class A Common Stock
SVOK
$8.78M 0.73%
888,206
– –
BOAC
21
DELISTED
Bluescape Opportunities Acquisition Corp.
BOAC
$8.74M 0.73%
890,955
+445,936
+100% +$4.41M
MGLN
22
DELISTED
Magellan Health Services, Inc.
MGLN
$8.41M 0.7%
89,269
+28,525
+47% +$2.69M
NLITU
23
DELISTED
Northern Lights Acquisition Corp. Units
NLITU
$8.1M 0.67%
+800,000
New +$8.11M
PMT
24
PennyMac Mortgage Investment
PMT
$835M
$8.07M 0.67%
+383,229
New +$7.66M
INFO
25
DELISTED
IHS Markit Ltd. Common Shares
INFO
$7.97M 0.66%
70,779
+24,711
+54% +$2.62M
1
2 3 4 5

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K2 Principal Fund's Q2 2021 Portfolio in Review

As of Q2 2021, K2 Principal Fund held 522 positions worth $1.2B, down 4.9% from $1.27B the previous quarter. Its ten largest holdings account for 18% of the portfolio.

K2 Principal Fund withdrew a net $305M in Q2 2021, closing 158 positions and reducing 21 holdings. Its most notable exit was Varian Medical Systems, Inc., an estimated $9.52M position sold in full.

By sector, the portfolio is most concentrated in Financials at 15% of assets, up from 10% a quarter earlier, followed by Healthcare and Consumer Discretionary.

Against the trend, K2 Principal Fund opened a new position in Global Consumer Acquisition Corp. Unit worth $12.2M.

  • K2 Principal Fund's largest Q2 2021 buy was Global Consumer Acquisition Corp. Unit: 1,225,489 shares worth $12.2M.
  • K2 Principal Fund added most to SkinHealth Systems in Q2 2021, an estimated $10.3M increase.
  • K2 Principal Fund's biggest Q2 2021 reduction was PennyMac Financial, cutting an estimated $20.4M.
  • K2 Principal Fund fully exited Varian Medical Systems, Inc. in Q2 2021, selling an estimated $9.52M.
  • K2 Principal Fund's ten largest holdings make up 18% of its $1.2B portfolio in Q2 2021.
  • K2 Principal Fund opened 224 new positions and closed 158 in Q2 2021.
  • K2 Principal Fund's portfolio value fell 4.9% quarter-over-quarter to $1.2B.

Based on K2 Principal Fund's 13F filing for Q2 2021, filed 13 Aug 2021.