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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
+1.82%
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
$538M
AUM Growth
-$41.2M
Cap. Flow
-$265M
Cap. Flow %
-49.32%
Top 10 Hldgs %
27.81%
Holding
341
New
99
Increased
35
Reduced
34
Closed
113

Top Buys

Rank Stock Value
1
ALFUU
Centurion Acquisition Corp Unit
ALFUU
+$6.4M
2
CUBWU
Lionheart Holdings Unit
CUBWU
+$4.8M
3
SRG
Seritage Growth Properties
SRG
+$3.53M
4
ITOS
iTeos Therapeutics
ITOS
+$3.4M
5
MODV
ModivCare
MODV
+$3.23M

Top Sells

Rank Stock Value
1
PXD
Pioneer Natural Resource Co.
PXD
+$6.34M
2
COOP
Mr. Cooper
COOP
+$5.41M
3
BITO icon
ProShares Bitcoin Strategy ETF
BITO
+$4.2M
4
TFPM icon
Triple Flag Precious Metals
TFPM
+$3.56M
5
GRAB icon
Grab
GRAB
+$3.15M

Sector Composition

Rank Sector Weight
1 Financials 6.72%
2 Technology 6.45%
3 Healthcare 5.76%
4 Materials 1.96%
5 Industrials 1.95%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
SPRY icon
1
ARS Pharmaceuticals
SPRY
$596M
$20.9M 3.9%
2,461,672
+242,541
+11% +$2.15M
TLT icon
2
PUT
iShares 20+ Year Treasury Bond ETF
TLT
$42.1B
$20.4M 3.79%
222,000
-10,000
-4% -$911K
VOO icon
3
CALL
Vanguard S&P 500 ETF
VOO
$967B
$11.3M 2.09%
22,500
+2,500
+13% +$1.2M
IAU icon
4
iShares Gold Trust
IAU
$62.9B
$11M 2.04%
250,000
– –
VST icon
5
CALL
Vistra
VST
$57B
$6.96M 1.3%
81,000
+31,000
+62% +$2.59M
IBIT icon
6
iShares Bitcoin Trust
IBIT
$47.5B
$6.83M 1.27%
200,000
– –
ITOS
7
CALL
DELISTED
iTeos Therapeutics
ITOS
$6.68M 1.24%
450,000
+418,600
+1,333% +$6M
GLD icon
8
PUT
SPDR Gold Trust
GLD
$130B
$6.45M 1.2%
30,000
-15,500
-34% -$3.35M
ALFUU
9
Centurion Acquisition Corp Unit
ALFUU
$6.39M 1.19%
+639,378
New +$6.4M
MDU icon
10
CALL
MDU Resources
MDU
$4.42B
$5.02M 0.93%
361,000
– –
CUBWU
11
Lionheart Holdings Unit
CUBWU
$221M
$4.79M 0.89%
+479,700
New +$4.8M
PAR icon
12
PAR Technology
PAR
$641M
$4.75M 0.88%
100,940
+68,176
+208% +$3.01M
TFII icon
13
TFI International
TFII
$12.5B
$4.74M 0.88%
32,687
+17,005
+108% +$2.4M
HES
14
DELISTED
Hess
HES
$4.74M 0.88%
32,149
+12,000
+60% +$1.84M
SRG
15
Seritage Growth Properties
SRG
$130M
$4.6M 0.86%
984,511
+485,906
+97% +$3.53M
CORZ icon
16
Core Scientific
CORZ
$7.62B
$4.45M 0.83%
478,029
+394,629
+473% +$2.02M
INTC icon
17
Intel
INTC
$504B
$4.18M 0.78%
135,000
+25,000
+23% +$819K
ITOS
18
DELISTED
iTeos Therapeutics
ITOS
$3.82M 0.71%
257,080
+237,080
+1,185% +$3.4M
MODV
19
DELISTED
ModivCare
MODV
$3.35M 0.62%
+127,486
New +$3.23M
AR icon
20
PUT
Antero Resources
AR
$10.9B
$3.26M 0.61%
+100,000
New +$3.27M
NLOP
21
Net Lease Office Properties
NLOP
$173M
$3.21M 0.6%
130,336
+21,131
+19% +$500K
ACI icon
22
Albertsons Companies
ACI
$5.6B
$3.17M 0.59%
160,600
-62,100
-28% -$1.27M
HCP
23
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
$2.97M 0.55%
+88,050
New +$2.74M
AMZN icon
24
Amazon
AMZN
$2.51T
$2.83M 0.53%
+14,642
New +$2.69M
MACIU
25
Melar Acquisition Corp I Unit
MACIU
$2.82M 0.52%
+281,550
New +$2.82M
1
2 3 4 5

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K2 Principal Fund's Q2 2024 Portfolio in Review

As of Q2 2024, K2 Principal Fund held 341 positions worth $538M, down 7.1% from $579M the previous quarter. Its ten largest holdings account for 28% of the portfolio.

K2 Principal Fund withdrew a net $265M in Q2 2024, closing 113 positions and reducing 34 holdings. Its most notable exit was Pioneer Natural Resource Co., an estimated $6.34M position sold in full.

By sector, the portfolio is most concentrated in Financials at 6.7% of assets, down from 7.8% a quarter earlier, followed by Technology and Healthcare.

Against the trend, K2 Principal Fund opened a new position in Centurion Acquisition Corp Unit worth $6.39M.

  • K2 Principal Fund's largest Q2 2024 buy was Centurion Acquisition Corp Unit: 639,378 shares worth $6.39M.
  • K2 Principal Fund added most to Seritage Growth Properties in Q2 2024, an estimated $3.53M increase.
  • K2 Principal Fund's biggest Q2 2024 reduction was Mr. Cooper, cutting an estimated $5.41M.
  • K2 Principal Fund fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $6.34M.
  • K2 Principal Fund's ten largest holdings make up 28% of its $538M portfolio in Q2 2024.
  • K2 Principal Fund opened 99 new positions and closed 113 in Q2 2024.
  • K2 Principal Fund's portfolio value fell 7.1% quarter-over-quarter to $538M.

Based on K2 Principal Fund's 13F filing for Q2 2024, filed 14 Aug 2024.