Latest K2 PRINCIPAL FUND, L.P. Stock Portfolio

K2 PRINCIPAL FUND, L.P. Performance:

2024 Q3: 1.81%YTD: 9.07%2023: 13.05%

Performance for 2024 Q3 is 1.81%, and YTD is 9.07%, and 2023 is 13.05%.

About K2 PRINCIPAL FUND, L.P. and 13F Hedge Fund Stock Holdings

In it's latest 13F Holdings report, K2 PRINCIPAL FUND, L.P. reported an equity portfolio of $694.7 Millions as of 30 Sep, 2024.

The top stock holdings of K2 PRINCIPAL FUND, L.P. are IAU, , . The fund has invested 1.8% of it's portfolio in ISHARES GOLD TR and 1.5% of portfolio in VOYAGER ACQUISITION CORP.

The fund managers got completely rid off CENTURION ACQUISITION CORP, TORTOISEECOFIN ACQUISITION C (TRTL) and MONTEREY CAP ACQUISITION COR (MCAC) stocks. They significantly reduced their stock positions in ARS PHARMACEUTICALS INC (SBTX), CORE SCIENTIFIC INC NEW and HAYNES INTL INC (HAYN). K2 PRINCIPAL FUND, L.P. opened new stock positions in VOYAGER ACQUISITION CORP, PENNYMAC MTG INVT TR (PMT) and SPDR GOLD TR (GLD). The fund showed a lot of confidence in some stocks as they added substantially to SOUTHWESTERN ENERGY CO (SWN), CLEVELAND-CLIFFS INC NEW (CLF) and LEGATO MERGER CORP III.

K2 PRINCIPAL FUND, L.P. Annual Return Estimates Vs S&P 500

Our best estimate is that K2 PRINCIPAL FUND, L.P. made a return of 1.81% in the last quarter. In trailing 12 months, it's portfolio return was 22.25%.

New Buys

Ticker	$ Bought
opendoor technol	16,584,200
kar auction	12,552,200
sphere entm t co	12,368,300
air canada	11,577,700
vermilion energy trust	11,541,700
voyager acquisition corp	10,424,000
upstart hldgs inc	8,900,000
western digital	8,894,160

New stocks bought by K2 PRINCIPAL FUND, L.P.

Additions

Ticker	% Inc.
southwestern energy co	1,115
cleveland-cliffs inc new	1,078
legato merger corp iii	412
spark i acquisition corp	351
alphabet inc	270
taiwan semiconductor mfg ltd	228
cslm acquisition corp	131
nuvei corporation	130

Additions to existing portfolio by K2 PRINCIPAL FUND, L.P.

Reductions

Ticker	% Reduced
ars pharmaceuticals inc	-95.13
core scientific inc new	-94.76
bitfarms ltd	-90.31
haynes intl inc	-87.62
evergreen corporation	-83.82
x4 pharmaceuticals inc	-81.77
zeo energy corp	-75.99
kinross gold corp	-74.54

K2 PRINCIPAL FUND, L.P. reduced stake in above stock

Sold off

Ticker	$ Sold
tortoiseecofin acquisition c	-118,139
centurion acquisition corp	-6,387,390
lionheart holdings	-4,792,200
core scientific inc new	-4,445,670
kernel group holdings inc	-48,100
maquia capital acquisition c	-3,583
golden arrow merger corp	-45,000
churchill capital corp vii	-102,287

K2 PRINCIPAL FUND, L.P. got rid off the above stocks

Sector Distribution

K2 PRINCIPAL FUND, L.P. has about 56.3% of it's holdings in Others sector.

Sector	%
Others	56.3
Technology	11.8
Healthcare	4.6
Consumer Cyclical	4.6
Energy	4.4
Basic Materials	3.4
Financial Services	3.3
Communication Services	3
Real Estate	2.9
Consumer Defensive	2.4
Industrials	1.7

Market Cap. Distribution

K2 PRINCIPAL FUND, L.P. has about 19.6% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	56.3
LARGE-CAP	14.9
SMALL-CAP	12.1
MID-CAP	8.4
MEGA-CAP	4.7
MICRO-CAP	2.9

Stocks belong to which Index?

About 26.3% of the stocks held by K2 PRINCIPAL FUND, L.P. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	73.6
S&P 500	15.1
RUSSELL 2000	11.2

Top 5 Winners (%)		%
VFC	v f corp	46.6 %
VST	vistra corp	38.1 %
SBTX	ars pharmaceuticals inc	35.3 %
SDIG	stronghold digital mining in	26.3 %
CIEN	ciena corp	24.9 %

Top 5 Winners ($)		$
SBTX	ars pharmaceuticals inc	7.4 M
VFC	v f corp	1.2 M
VST	vistra corp	0.5 M
PAR	par technology corp	0.5 M
GATO	gatos silver inc	0.3 M

Top 5 Losers (%)		%
MODV	modivcare inc	-44.5 %
ITOS	iteos therapeutics inc	-33.3 %
AVGO	broadcom inc	-33.3 %
PRO	pros holdings inc	-30.1 %
SYM	symbotic inc	-26.1 %

Top 5 Losers ($)		$
ITOS	iteos therapeutics inc	-2.7 M
MODV	modivcare inc	-1.8 M
INTC	intel corp	-1.1 M
AVGO	broadcom inc	-0.7 M
PRO	pros holdings inc	-0.5 M

K2 PRINCIPAL FUND, L.P. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of K2 PRINCIPAL FUND, L.P.

K2 PRINCIPAL FUND, L.P. has 170 stocks in it's portfolio. About 10.6% of the portfolio is in top 10 stocks. ITOS proved to be the most loss making stock for the portfolio. SBTX was the most profitable stock for K2 PRINCIPAL FUND, L.P. last quarter.

Last Reported on: 15 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AACI	armada acquisition corp i	0.00	0.00	0.00	sold off	-100

ACI	albertsons cos inc	0.72	270,501	4,998,860	added	68.43

AG	first majestic silver corp	1.21	9,500	8,369,500	unchanged	0.00

AGS	playags inc	0.12	69,918	796,366	added	83.43

AIMAU	aimfinity investment corp i	0.00	0.00	0.00	sold off	-100

AIV	apartment invt mgmt co	0.00	0.00	0.00	sold off	-100

AKAM	akamai technologies inc	1.04	7,000	7,234,500	unchanged	0.00

AMZN	amazon com inc	0.59	22,119	4,121,430	added	51.07

AOGO	arogo capital acquisition co	0.00	0.00	0.00	sold off	-100

APTM	plum acquisition corp iii	0.17	110,000	1,196,800	new

APTM	plum acquisition corp iii	0.00	140,912	7,046	reduced	-12.19

ARCH	arch resources inc	0.05	2,500	345,400	new

ASTL	algoma stl group inc	0.05	200,056	344,096	new

ASTS	ast spacemobile inc	0.03	8,873	232,029	new

AVGO	broadcom inc	0.20	8,131	1,402,600	reduced	-41.92

BB	blackberry ltd	1.02	7,000	7,111,300	new

BFAC	battery future acquisition c	0.26	164,440	1,820,350	reduced	-17.74

BFAC	battery future acquisition c	0.00	670,438	6,704	added	42.51

BHAC	focus impact bh3 acquisition	0.06	37,019	389,440	new

BHAC	focus impact bh3 acquisition	0.00	580,967	23,239	added	42.27