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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
-0.62%
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
$477M
AUM Growth
+$40.2M
Cap. Flow
-$122M
Cap. Flow %
-25.62%
Top 10 Hldgs %
32.85%
Holding
320
New
93
Increased
27
Reduced
48
Closed
94

Top Buys

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$8.4M
2
COOP
Mr. Cooper
COOP
+$7.77M
3
GMED icon
Globus Medical
GMED
+$3.92M
4
CVE icon
Cenovus Energy
CVE
+$3.82M
5
TSEM icon
Tower Semiconductor
TSEM
+$3.17M

Top Sells

Rank Stock Value
1
WRLD icon
World Acceptance Corp
WRLD
+$7.53M
2
NUVA
NuVasive, Inc.
NUVA
+$4.42M
3
AJRD
Aerojet Rocketdyne Holdings
AJRD
+$3.33M
4
LSI
Life Storage, Inc.
LSI
+$3.09M
5
ILLM
illumin Holdings Inc. Common Shares
ILLM
+$2.86M

Sector Composition

Rank Sector Weight
1 Technology 6.54%
2 Healthcare 4.19%
3 Financials 3.85%
4 Energy 2.45%
5 Real Estate 1.9%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
USO icon
1
PUT
United States Oil Fund
USO
$2.5B
$36.4M 7.62%
+450,000
New +$33.2M
SPY icon
2
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$777B
$21.4M 4.48%
+50,000
New +$22.2M
ATVI
3
DELISTED
Activision Blizzard
ATVI
$9.83M 2.06%
105,000
-600
-0.6% -$54.7K
SPRY icon
4
ARS Pharmaceuticals
SPRY
$596M
$9.65M 2.02%
2,552,062
+1,280,318
+101% +$8.4M
IYR icon
5
PUT
iShares US Real Estate ETF
IYR
$4.49B
$7.81M 1.64%
+100,000
New +$8.52M
COOP
6
DELISTED
Mr. Cooper
COOP
$7.57M 1.59%
+141,363
New +$7.77M
IAU icon
7
CALL
iShares Gold Trust
IAU
$62.9B
$7.44M 1.56%
212,500
+62,500
+42% +$2.28M
IEI icon
8
PUT
iShares 3-7 Year Treasury Bond ETF
IEI
$18.1B
$6.87M 1.44%
+60,700
New +$6.94M
VMW
9
DELISTED
VMware, Inc
VMW
$6.21M 1.3%
37,305
+2,968
+9% +$475K
CAVA icon
10
PUT
CAVA Group
CAVA
$7.36B
$6.13M 1.28%
+200,000
New +$8.73M
MSOS icon
11
CALL
AdvisorShares Pure US Cannabis ETF
MSOS
$866M
$5.96M 1.25%
+750,000
New +$4.73M
ACI icon
12
Albertsons Companies
ACI
$5.6B
$5.67M 1.19%
249,231
-31,468
-11% -$702K
SRG
13
Seritage Growth Properties
SRG
$130M
$5.12M 1.07%
661,751
+38,107
+6% +$320K
XRT icon
14
PUT
State Street SPDR S&P Retail ETF
XRT
$363M
$4.56M 0.96%
+75,000
New +$4.81M
INTC icon
15
CALL
Intel
INTC
$504B
$4.44M 0.93%
+125,000
New +$4.35M
CVE icon
16
Cenovus Energy
CVE
$55.4B
$4.16M 0.87%
+200,000
New +$3.82M
AIV
17
Aimco
AIV
$380M
$3.49M 0.73%
513,684
+95,536
+23% +$760K
GMED icon
18
Globus Medical
GMED
$10.2B
$3.48M 0.73%
+70,103
New +$3.92M
GRAB icon
19
Grab
GRAB
$13.5B
$3.36M 0.7%
947,878
+694,760
+274% +$2.48M
NATI
20
DELISTED
National Instruments Corp
NATI
$3.35M 0.7%
56,166
+10,802
+24% +$635K
MPC icon
21
CALL
Marathon Petroleum
MPC
$91.2B
$3.33M 0.7%
+22,000
New +$3.07M
TSEM icon
22
Tower Semiconductor
TSEM
$29.4B
$2.89M 0.61%
117,867
+98,767
+517% +$3.17M
SAVE
23
CALL
DELISTED
Spirit Airlines, Inc.
SAVE
$2.85M 0.6%
+172,700
New +$2.94M
SPRY icon
24
CALL
ARS Pharmaceuticals
SPRY
$596M
$2.6M 0.55%
688,900
-11,000
-2% -$72.2K
SRG
25
CALL
Seritage Growth Properties
SRG
$130M
$2.52M 0.53%
326,000
+25,000
+8% +$210K
1
2 3 4 5

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K2 Principal Fund's Q3 2023 Portfolio in Review

As of Q3 2023, K2 Principal Fund held 320 positions worth $477M, up 9.2% from $437M the previous quarter. Its ten largest holdings account for 33% of the portfolio.

K2 Principal Fund withdrew a net $122M in Q3 2023, closing 94 positions and reducing 48 holdings. Its most notable exit was World Acceptance Corp, an estimated $7.53M position sold in full.

By sector, the portfolio is most concentrated in Technology at 6.5% of assets, up from 5.6% a quarter earlier, followed by Healthcare and Financials.

Against the trend, K2 Principal Fund opened a new position in Mr. Cooper worth $7.57M.

  • K2 Principal Fund's largest Q3 2023 buy was Mr. Cooper: 141,363 shares worth $7.57M.
  • K2 Principal Fund added most to ARS Pharmaceuticals in Q3 2023, an estimated $8.4M increase.
  • K2 Principal Fund's biggest Q3 2023 reduction was PennyMac Mortgage Investment, cutting an estimated $2.73M.
  • K2 Principal Fund fully exited World Acceptance Corp in Q3 2023, selling an estimated $7.53M.
  • K2 Principal Fund's ten largest holdings make up 33% of its $477M portfolio in Q3 2023.
  • K2 Principal Fund opened 93 new positions and closed 94 in Q3 2023.
  • K2 Principal Fund's portfolio value rose 9.2% quarter-over-quarter to $477M.

Based on K2 Principal Fund's 13F filing for Q3 2023, filed 13 Nov 2023.