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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
+1.55%
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
$695M
AUM Growth
+$157M
Cap. Flow
-$235M
Cap. Flow %
-33.78%
Top 10 Hldgs %
21.92%
Holding
353
New
106
Increased
32
Reduced
41
Closed
90

Top Buys

Rank Stock Value
1
VACHU
Voyager Acquisition Corp Unit
VACHU
+$10.4M
2
HONDU
HCM II Acquisition Corp Unit
HONDU
+$7.74M
3
VCICU
Vine Hill Capital Investment Corp Unit
VCICU
+$7.25M
4
PMT
PennyMac Mortgage Investment
PMT
+$5.71M
5
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$5.4M

Top Sells

Rank Stock Value
1
SPRY icon
ARS Pharmaceuticals
SPRY
+$27.9M
2
ALFUU
Centurion Acquisition Corp Unit
ALFUU
+$6.39M
3
CUBWU
Lionheart Holdings Unit
CUBWU
+$4.79M
4
SRG
Seritage Growth Properties
SRG
+$4.61M
5
CORZ icon
Core Scientific
CORZ
+$4.45M

Sector Composition

Rank Sector Weight
1 Technology 4.14%
2 Financials 3.19%
3 Energy 2.1%
4 Healthcare 1.71%
5 Consumer Discretionary 1.54%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GLD icon
1
PUT
SPDR Gold Trust
GLD
$130B
$25M 3.6%
103,000
+73,000
+243% +$16.7M
IAU icon
2
iShares Gold Trust
IAU
$62.9B
$12.4M 1.79%
250,000
– –
VACHU
3
DELISTED
Voyager Acquisition Corp Unit
VACHU
$10.4M 1.5%
+1,042,400
New +$10.4M
IBIT icon
4
iShares Bitcoin Trust
IBIT
$47.5B
$8.67M 1.25%
240,001
+40,001
+20% +$1.39M
HONDU
5
DELISTED
HCM II Acquisition Corp Unit
HONDU
$7.76M 1.12%
+774,788
New +$7.74M
VCICU
6
DELISTED
Vine Hill Capital Investment Corp Unit
VCICU
$7.25M 1.04%
+725,000
New +$7.25M
KREF
7
CALL
KKR Real Estate Finance Trust
KREF
$459M
$6.17M 0.89%
+500,000
New +$5.6M
PMT
8
PennyMac Mortgage Investment
PMT
$835M
$5.84M 0.84%
+409,610
New +$5.71M
ITOS
9
DELISTED
iTeos Therapeutics
ITOS
$5.46M 0.79%
534,951
+277,871
+108% +$4.24M
POLEU
10
Andretti Acquisition Corp II Unit
POLEU
$258M
$5.4M 0.78%
+540,373
New +$5.4M
TLN
11
Talen Energy Corp
TLN
$18.1B
$5.22M 0.75%
+29,289
New +$4.13M
FCX icon
12
CALL
Freeport-McMoran
FCX
$91.3B
$5.12M 0.74%
+102,500
New +$4.62M
ACI icon
13
Albertsons Companies
ACI
$5.6B
$5M 0.72%
270,501
+109,901
+68% +$2.15M
QQQ icon
14
PUT
Invesco QQQ Trust
QQQ
$460B
$4.88M 0.7%
+10,000
New +$4.73M
INSP icon
15
CALL
Inspire Medical Systems
INSP
$1.46B
$4.64M 0.67%
22,000
+18,600
+547% +$3.23M
HES
16
DELISTED
Hess
HES
$4.55M 0.66%
33,523
+1,374
+4% +$191K
FTW
17
Presidio Production Co
FTW
$355M
$4.33M 0.62%
+436,387
New +$4.33M
PAR icon
18
PAR Technology
PAR
$641M
$4.31M 0.62%
82,702
-18,238
-18% -$948K
GOOG icon
19
Alphabet (Google) Class C
GOOG
$3.88T
$4.18M 0.6%
25,000
+18,244
+270% +$3.09M
ITOS
20
CALL
DELISTED
iTeos Therapeutics
ITOS
$4.12M 0.59%
403,700
-46,300
-10% -$706K
AMZN icon
21
Amazon
AMZN
$2.51T
$4.12M 0.59%
22,119
+7,477
+51% +$1.36M
HCP
22
DELISTED
HashiCorp, Inc. Class A Common Stock
HCP
$3.99M 0.57%
117,951
+29,901
+34% +$1.01M
BSIIU
23
DELISTED
Black Spade Acquisition II Co Unit
BSIIU
$3.89M 0.56%
+390,546
New +$3.89M
NLOP
24
Net Lease Office Properties
NLOP
$173M
$3.69M 0.53%
120,487
-9,849
-8% -$284K
VFC icon
25
VF Corp
VFC
$6.49B
$3.59M 0.52%
180,000
-10,620
-6% -$178K
1
2 3 4 5

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WIM
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LCG
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K2 Principal Fund's Q3 2024 Portfolio in Review

As of Q3 2024, K2 Principal Fund held 353 positions worth $695M, up 29% from $538M the previous quarter. Its ten largest holdings account for 22% of the portfolio.

K2 Principal Fund withdrew a net $235M in Q3 2024, closing 90 positions and reducing 41 holdings. Its most notable exit was Centurion Acquisition Corp Unit, an estimated $6.39M position sold in full.

By sector, the portfolio is most concentrated in Technology at 4.1% of assets, down from 6.5% a quarter earlier, followed by Financials and Energy.

Against the trend, K2 Principal Fund opened a new position in Voyager Acquisition Corp Unit worth $10.4M.

  • K2 Principal Fund's largest Q3 2024 buy was Voyager Acquisition Corp Unit: 1,042,400 shares worth $10.4M.
  • K2 Principal Fund added most to iTeos Therapeutics in Q3 2024, an estimated $4.24M increase.
  • K2 Principal Fund's biggest Q3 2024 reduction was ARS Pharmaceuticals, cutting an estimated $27.9M.
  • K2 Principal Fund fully exited Centurion Acquisition Corp Unit in Q3 2024, selling an estimated $6.39M.
  • K2 Principal Fund's ten largest holdings make up 22% of its $695M portfolio in Q3 2024.
  • K2 Principal Fund opened 106 new positions and closed 90 in Q3 2024.
  • K2 Principal Fund's portfolio value rose 29% quarter-over-quarter to $695M.

Based on K2 Principal Fund's 13F filing for Q3 2024, filed 15 Nov 2024.