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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
+9.1%
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
$901M
AUM Growth
+$206M
Cap. Flow
-$198M
Cap. Flow %
-21.99%
Top 10 Hldgs %
20.65%
Holding
406
New
128
Increased
42
Reduced
35
Closed
102

Top Buys

Rank Stock Value
1
WLAC
Willow Lane Acquisition Corp
WLAC
+$9.24M
2
DYNC
Dynamix Corp
DYNC
+$8.53M
3
MLACU
Mountain Lake Acquisition Corp Units
MLACU
+$7.5M
4
TDACU
Translational Development Acquisition Corp Units
TDACU
+$6.76M
5
SEI
Solaris Energy Infrastructure
SEI
+$6.13M

Top Sells

Rank Stock Value
1
VACHU
Voyager Acquisition Corp Unit
VACHU
+$10.4M
2
HONDU
HCM II Acquisition Corp Unit
HONDU
+$7.76M
3
VCICU
Vine Hill Capital Investment Corp Unit
VCICU
+$7.25M
4
PMT
PennyMac Mortgage Investment
PMT
+$5.84M
5
POLEU
Andretti Acquisition Corp II Unit
POLEU
+$5.4M

Sector Composition

Rank Sector Weight
1 Financials 4.72%
2 Technology 2.72%
3 Energy 2.11%
4 Communication Services 1.71%
5 Consumer Discretionary 1.34%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
GLD icon
1
PUT
SPDR Gold Trust
GLD
$130B
$41.6M 4.62%
172,000
+69,000
+67% +$17M
VOO icon
2
CALL
Vanguard S&P 500 ETF
VOO
$967B
$24.5M 2.72%
45,500
+41,000
+911% +$22.2M
AMZN icon
3
CALL
Amazon
AMZN
$2.51T
$15.4M 1.71%
+70,000
New +$14.3M
IBIT icon
4
iShares Bitcoin Trust
IBIT
$47.5B
$14.3M 1.59%
270,000
+29,999
+12% +$1.42M
IAU icon
5
iShares Gold Trust
IAU
$62.9B
$12.4M 1.37%
250,000
– –
VOO icon
6
PUT
Vanguard S&P 500 ETF
VOO
$967B
$9.97M 1.11%
18,500
+16,500
+825% +$8.94M
WLAC
7
DELISTED
Willow Lane Acquisition Corp
WLAC
$9.24M 1.03%
+933,888
New +$9.24M
RDDT icon
8
PUT
Reddit
RDDT
$32.5B
$9.15M 1.02%
+56,000
New +$6.91M
SEI
9
Solaris Energy Infrastructure
SEI
$3.7B
$8.87M 0.99%
+308,235
New +$6.13M
DYNC
10
Dynamix Corp
DYNC
$238M
$8.52M 0.95%
+869,912
New +$8.53M
GOOG icon
11
Alphabet (Google) Class C
GOOG
$3.88T
$8.01M 0.89%
42,053
+17,053
+68% +$3.01M
QQQ icon
12
PUT
Invesco QQQ Trust
QQQ
$460B
$7.67M 0.85%
15,000
+5,000
+50% +$2.53M
MLACU
13
DELISTED
Mountain Lake Acquisition Corp Units
MLACU
$7.51M 0.83%
+748,957
New +$7.5M
STLD icon
14
CALL
Steel Dynamics
STLD
$34.7B
$6.84M 0.76%
60,000
+55,000
+1,100% +$7.31M
SEI
15
CALL
Solaris Energy Infrastructure
SEI
$3.7B
$6.79M 0.75%
+235,800
New +$4.69M
TDACU
16
Translational Development Acquisition Corp Units
TDACU
$6.76M 0.75%
+674,997
New +$6.76M
VFC icon
17
VF Corp
VFC
$6.49B
$6.22M 0.69%
290,000
+110,000
+61% +$2.24M
MTUM icon
18
PUT
iShares MSCI USA Momentum Factor ETF
MTUM
$26.2B
$6.21M 0.69%
+30,000
New +$6.29M
TLN
19
Talen Energy Corp
TLN
$18.1B
$6.04M 0.67%
29,989
+700
+2% +$137K
ACI icon
20
Albertsons Companies
ACI
$5.6B
$5.8M 0.64%
295,501
+25,000
+9% +$474K
CCIR
21
DELISTED
Cohen Circle Acquisition Corp. I Class A Ordinary Shares
CCIR
$5.62M 0.62%
+562,383
New +$5.62M
HES
22
DELISTED
Hess
HES
$5.24M 0.58%
39,382
+5,859
+17% +$818K
PAR icon
23
PAR Technology
PAR
$641M
$5.19M 0.58%
71,441
-11,261
-14% -$770K
BEAG
24
Bold Eagle Acquisition Corp
BEAG
$334M
$5.14M 0.57%
+521,524
New +$5.14M
CIEN icon
25
CALL
Ciena
CIEN
$57.7B
$5.09M 0.57%
+60,000
New +$4.31M
1
2 3 4 5

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SC
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WIM
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LCG
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CCM
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K2 Principal Fund's Q4 2024 Portfolio in Review

As of Q4 2024, K2 Principal Fund held 406 positions worth $901M, up 30% from $695M the previous quarter. Its ten largest holdings account for 21% of the portfolio.

K2 Principal Fund withdrew a net $198M in Q4 2024, closing 102 positions and reducing 35 holdings. Its most notable exit was Voyager Acquisition Corp Unit, an estimated $10.4M position sold in full.

By sector, the portfolio is most concentrated in Financials at 4.7% of assets, up from 3.2% a quarter earlier, followed by Technology and Energy.

Against the trend, K2 Principal Fund opened a new position in Willow Lane Acquisition Corp worth $9.24M.

  • K2 Principal Fund's largest Q4 2024 buy was Willow Lane Acquisition Corp: 933,888 shares worth $9.24M.
  • K2 Principal Fund added most to Alphabet (Google) Class C in Q4 2024, an estimated $3.01M increase.
  • K2 Principal Fund's biggest Q4 2024 reduction was Presidio Production Co, cutting an estimated $2.6M.
  • K2 Principal Fund fully exited Voyager Acquisition Corp Unit in Q4 2024, selling an estimated $10.4M.
  • K2 Principal Fund's ten largest holdings make up 21% of its $901M portfolio in Q4 2024.
  • K2 Principal Fund opened 128 new positions and closed 102 in Q4 2024.
  • K2 Principal Fund's portfolio value rose 30% quarter-over-quarter to $901M.

Based on K2 Principal Fund's 13F filing for Q4 2024, filed 14 Feb 2025.