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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
-19.56%
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
$907M
AUM Growth
-$253M
Cap. Flow
-$73.7M
Cap. Flow %
-8.13%
Top 10 Hldgs %
29.23%
Holding
435
New
129
Increased
60
Reduced
46
Closed
81

Top Buys

Rank Stock Value
1
TSLA icon
Tesla
TSLA
+$63.2M
2
SIVB
SVB Financial Group
SIVB
+$18.9M
3
COIN icon
Coinbase
COIN
+$17.7M
4
RIVN icon
Rivian
RIVN
+$13.7M
5
W icon
Wayfair
W
+$13M

Top Sells

Rank Stock Value
1
PFSI icon
PennyMac Financial
PFSI
+$60.7M
2
SPY icon
State Street SPDR S&P 500 ETF Trust
SPY
+$26.4M
3
SJT
San Juan Basin Royalty Trust
SJT
+$10.5M
4
CDR
Cedar Realty Trust, Inc
CDR
+$10M
5
BMO icon
Bank of Montreal
BMO
+$8.98M

Sector Composition

Rank Sector Weight
1 Financials 13.3%
2 Consumer Discretionary 12.63%
3 Healthcare 5.21%
4 Consumer Staples 3.3%
5 Technology 3.25%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
TSLA icon
1
Tesla
TSLA
$1.22T
$52M 5.74%
+231,699
New +$63.2M
CIXX
2
DELISTED
CI Financial Corp.
CIXX
$44.1M 4.86%
4,147,810
+101,900
+3% +$1.29M
TLT icon
3
CALL
iShares 20+ Year Treasury Bond ETF
TLT
$42.8B
$34.7M 3.83%
+302,300
New +$35.6M
INSP icon
4
PUT
Inspire Medical Systems
INSP
$1.47B
$25.1M 2.77%
137,500
-108,600
-44% -$21.7M
TLT icon
5
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.8B
$21.9M 2.42%
190,800
+150,800
+377% +$17.8M
NMRK icon
6
Newmark Group
NMRK
$2.82B
$19.4M 2.14%
2,010,515
+1,092,458
+119% +$12.6M
FCX icon
7
PUT
Freeport-McMoran
FCX
$90.2B
$19M 2.1%
651,000
+380,000
+140% +$15.2M
HYG icon
8
PUT
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$15.9B
$18.4M 2.03%
250,000
+100,000
+67% +$7.78M
SIVB
9
DELISTED
SVB Financial Group
SIVB
$15.9M 1.75%
+40,159
New +$18.9M
HTZWW
10
Hertz Global Holdings Warrants
HTZWW
$79.8M
$14.4M 1.59%
1,471,486
+520,315
+55% +$6.73M
PFSI icon
11
PennyMac Financial
PFSI
$4.39B
$13.5M 1.49%
308,481
-1,286,170
-81% -$60.7M
IEI icon
12
PUT
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
$11.9M 1.32%
+100,000
New +$12M
AVIR icon
13
Atea Pharmaceuticals
AVIR
$386M
$11.4M 1.26%
+1,606,059
New +$11M
GME icon
14
GameStop
GME
$9.66B
$11.4M 1.25%
372,052
+330,416
+794% +$10.5M
RIVN icon
15
Rivian
RIVN
$23.9B
$11.3M 1.25%
+439,109
New +$13.7M
SKIN icon
16
SkinHealth Systems
SKIN
$96.9M
$11.1M 1.23%
865,810
+76,130
+10% +$1.02M
COIN icon
17
Coinbase
COIN
$44.1B
$11M 1.21%
233,737
+186,269
+392% +$17.7M
GLD icon
18
PUT
SPDR Gold Trust
GLD
$132B
$10.6M 1.17%
63,000
+23,000
+58% +$4.02M
W icon
19
CALL
Wayfair
W
$12.5B
$10.4M 1.15%
+238,800
New +$16.8M
DJT icon
20
PUT
Trump Media & Technology Group
DJT
$2.65B
$10.2M 1.12%
420,300
+279,300
+198% +$11.7M
DASH icon
21
DoorDash
DASH
$80.3B
$9.67M 1.07%
+150,758
New +$12M
BOAS
22
DELISTED
BOA Acquisition Corp.
BOAS
$9.38M 1.04%
+958,411
New +$9.45M
SJT
23
San Juan Basin Royalty Trust
SJT
$118M
$9.31M 1.03%
1,072,791
-964,422
-47% -$10.5M
AMR icon
24
CALL
Alpha Metallurgical Resources
AMR
$1.85B
$9.04M 1%
+70,000
New +$10.6M
X
25
PUT
DELISTED
US Steel
X
$8.89M 0.98%
496,500
+451,500
+1,003% +$12.3M
1
2 3 4 5

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K2 Principal Fund's Q2 2022 Portfolio in Review

As of Q2 2022, K2 Principal Fund held 435 positions worth $907M, down 22% from $1.16B the previous quarter. Its ten largest holdings account for 29% of the portfolio.

K2 Principal Fund withdrew a net $73.7M in Q2 2022, closing 81 positions and reducing 46 holdings. Its most notable exit was Cedar Realty Trust, Inc, an estimated $10M position sold in full.

By sector, the portfolio is most concentrated in Financials at 13% of assets, down from 17% a quarter earlier, followed by Consumer Discretionary and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Tesla worth $52M.

  • K2 Principal Fund's largest Q2 2022 buy was Tesla: 231,699 shares worth $52M.
  • K2 Principal Fund added most to Coinbase in Q2 2022, an estimated $17.7M increase.
  • K2 Principal Fund's biggest Q2 2022 reduction was PennyMac Financial, cutting an estimated $60.7M.
  • K2 Principal Fund fully exited Cedar Realty Trust, Inc in Q2 2022, selling an estimated $10M.
  • K2 Principal Fund's ten largest holdings make up 29% of its $907M portfolio in Q2 2022.
  • K2 Principal Fund opened 129 new positions and closed 81 in Q2 2022.
  • K2 Principal Fund's portfolio value fell 22% quarter-over-quarter to $907M.

Based on K2 Principal Fund's 13F filing for Q2 2022, filed 12 Aug 2022.