K2 PRINCIPAL FUND, L.P.
CIK: 0001461790SEC EDGAR →
Portfolio Value
$1.2T
Holdings
385
As of
Q4 2025
New Positions
109
Closed Positions
65
Portfolio Value History
Top 10 Holdings
| Rank | Stock | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | GQ9Call SPDR GOLD TR | 107,200 | $42.5B | 3.42% |
| 2 | LUMENTUM HLDGS INC | 14,000 | $39.8B | 3.20% |
| 3 | SPYCall SPDR SP 500 ETF TR | 58,200 | $39.7B | 3.20% |
| 4 | SPHERE ENTERTAINMENT CO | 8,500 | $23.4B | 1.89% |
| 5 | ALLIED GOLD CORP | 15,650 | $23.3B | 1.88% |
| 6 | PARPut PAR TECHNOLOGY CORP | 603,580 | $21.9B | 1.76% |
| 7 | GDXPut VANECK ETF TRUST | 235,000 | $20.2B | 1.62% |
| 8 | FCXPut FREEPORT-MCMORAN INC | 385,800 | $19.6B | 1.58% |
| 9 | APPLIED DIGITAL CORP | 7,000 | $18.8B | 1.52% |
| 10 | SLVPut ISHARES SILVER TR | 275,200 | $17.7B | 1.43% |
Quarterly Changes
Top Buys
Top Sells
GQ9CLOSED
$106.5B
VOO↓ Decreased
$29.7B
WDC 3 11/15/28CLOSED
$24.0B
IREN 3.5 12/15/29 IRENCLOSED
$21.5B
APLDCLOSED
$17.6B
New Positions (157)
$42.5B · 107K shares
$39.7B · 58K shares
$21.9B · 604K shares
$20.2B · 235K shares
$18.8B · 7K shares
$16.1B · 15K shares
$13.1B · 652K shares
$13.0B · 12K shares
$12.4B · 15K shares
$10.4B · 8K shares
$9.9B · 13K shares
$9.5B · 7K shares
$8.2B · 170K shares
$8.0B · 9K shares
$7.9B · 7K shares
$7.6B · 152K shares
$7.5B · 9K shares
$7.1B · 7K shares
$6.7B · 6K shares
$6.6B · 10K shares
$6.4B · 5K shares
$5.9B · 5K shares
$5.8B · 6K shares
$5.3B · 30K shares
$5.2B · 5K shares
$5.2B · 105K shares
$5.1B · 4K shares
$5.0B · 5K shares
$4.8B · 6K shares
$4.7B · 90K shares
$4.4B · 33K shares
$4.4B · 3K shares
$4.3B · 4K shares
$4.3B · 125K shares
$4.3B · 5K shares
$4.2B · 482K shares
$4.2B · 3K shares
$4.1B · 177K shares
$3.9B · 3K shares
$3.7B · 276K shares
$3.6B · 30K shares
$3.6B · 50K shares
$3.5B · 350K shares
$3.5B · 130K shares
$3.4B · 3K shares
$3.2B · 346K shares
TALON CAP CORP
$3.0B · 300K shares
$3.0B · 7K shares
$3.0B · 47K shares
$3.0B · 3K shares
$2.9B · 3K shares
$2.7B · 3K shares
$2.6B · 250K shares
$2.4B · 243K shares
$2.4B · 11K shares
$2.3B · 75K shares
$2.3B · 20K shares
$2.1B · 20K shares
$2.0B · 225K shares
$2.0B · 131K shares
$2.0B · 200K shares
SILICON VY ACQUISITION CORP
$2.0B · 200K shares
$1.8B · 75K shares
$1.7B · 25K shares
$1.7B · 20K shares
$1.6B · 10K shares
$1.6B · 170K shares
$1.5B · 148K shares
$1.5B · 83K shares
$1.5B · 150K shares
$1.5B · 150K shares
$1.4B · 144K shares
$1.3B · 30K shares
$1.3B · 125K shares
RANGE CAP ACQUISITION CORP
$1.2B · 118K shares
$1.2B · 200K shares
$1.2B · 114K shares
$1.2B · 120K shares
$1.1B · 11K shares
$1.1B · 30K shares
$1.0B · 102K shares
$1.0B · 100K shares
$1.0B · 19K shares
$1.0B · 100K shares
$1.0B · 100K shares
GENERAL PURP ACQUISITION COR
$1.0B · 100K shares
$1.0B · 100K shares
$1.0B · 100K shares
$1.0B · 100K shares
$999.0M · 100K shares
RANGE CAP ACQUISITION CORP I
$998.0M · 100K shares
$998.0M · 100K shares
$997.0M · 100K shares
$996.0M · 100K shares
$995.0M · 100K shares
$953.0M · 78K shares
$950.0M · 40K shares
$905.0M · 1K shares
$805.0M · 81K shares
$796.0M · 46K shares
$710.0M · 10K shares
$693.0M · 40K shares
$664.0M · 27K shares
$642.0M · 200K shares
$627.0M · 30K shares
$613.0M · 25K shares
$607.0M · 7K shares
$560.0M · 50K shares
$542.0M · 70K shares
$534.0M · 50K shares
$525.0M · 250K shares
$499.0M · 50K shares
$425.0M · 4K shares
$418.0M · 2K shares
$369.0M · 77K shares
$364.0M · 8K shares
$355.0M · 9K shares
$353.0M · 50K shares
$311.0M · 2K shares
$242.0M · 10K shares
SOCIAL COMM PARTNERS CORP
$200.0M · 20K shares
$189.0M · 50K shares
$162.0M · 650K shares
$149.0M · 14K shares
$128.0M · 10K shares
$124.0M · 326K shares
$104.0M · 10K shares
$102.0M · 10K shares
$100.0M · 31K shares
$100.0M · 111K shares
$99.0M · 25K shares
$98.0M · 116K shares
$93.0M · 110K shares
$93.0M · 50K shares
TALON CAP CORP
$68.0M · 117K shares
$67.0M · 11K shares
$62.0M · 14K shares
$59.0M · 10K shares
$57.0M · 12K shares
RANGE CAP ACQUISITION CORP I
$39.0M · 122K shares
$35.0M · 250K shares
$34.0M · 96K shares
$33.0M · 75K shares
$31.0M · 100K shares
$28.0M · 67K shares
$28.0M · 107K shares
$27.0M · 69K shares
$24.0M · 75K shares
$18.0M · 25K shares
$15.0M · 100K shares
$12.0M · 25K shares
$12.0M · 33K shares
$11.0M · 14K shares
$9.0M · 19K shares
$8.0M · 40K shares
$8.0M · 58K shares
BLUE WTR ACQUISITION CORP. I
$5.0M · 10K shares
Closed Positions (94)
$106.5B · 300K shares
$24.0B · 8K shares
$21.5B · 6K shares
$17.6B · 7K shares
$16.9B · 7K shares
$15.4B · 15K shares
$13.8B · 768K shares
MICROSTRATEGY
$13.5B · 15K shares
MARA HOLDINGS
$12.6B · 13K shares
$12.2B · 90K shares
$11.6B · 130K shares
$10.4B · 10K shares
$10.0B · 10K shares
$9.5B · 9K shares
$9.4B · 10K shares
$8.6B · 9K shares
$8.6B · 5K shares
$8.5B · 5K shares
$8.1B · 100K shares
$8.0B · 7K shares
$7.1B · 115K shares
$7.1B · 7K shares
$6.5B · 4K shares
$6.3B · 3K shares
$5.9B · 6K shares
$4.9B · 76K shares
$4.8B · 122K shares
$4.6B · 3K shares
$4.6B · 250K shares
$4.5B · 450K shares
$4.4B · 5K shares
$4.2B · 427K shares
$4.0B · 40K shares
$3.9B · 429K shares
$3.7B · 4K shares
$3.6B · 806K shares
$3.4B · 85K shares
$3.2B · 165K shares
$3.2B · 15K shares
$3.1B · 3K shares
$3.0B · 300K shares
$2.9B · 52K shares
$2.9B · 35K shares
$2.8B · 282K shares
$2.6B · 381K shares
$2.6B · 6K shares
$2.5B · 3K shares
$2.3B · 197K shares
$2.2B · 149K shares
$2.1B · 170K shares
$2.1B · 29K shares
$2.1B · 2K shares
$2.0B · 6K shares
$2.0B · 200K shares
$2.0B · 198K shares
$1.9B · 23K shares
NABORS ENERGY TRANSITION COR
$1.7B · 150K shares
$1.7B · 50K shares
$1.6B · 33K shares
$1.6B · 157K shares
$1.5B · 50K shares
$1.3B · 30K shares
$1.2B · 61K shares
$1.1B · 7K shares
$1.1B · 60K shares
$1.0B · 201K shares
$1.0B · 100K shares
$906.4M · 2K shares
$854.0M · 70K shares
$776.9M · 33K shares
$739.9M · 10K shares
$674.3M · 54K shares
$658.0M · 50K shares
$631.0M · 15K shares
$538.7M · 31K shares
$534.3M · 50K shares
$471.7M · 2K shares
$397.2M · 9K shares
$358.0M · 2K shares
$293.7M · 30K shares
$217.9M · 13K shares
$207.0M · 159K shares
$200.1M · 10K shares
$200.0M · 125K shares
$183.2M · 20K shares
$130.8M · 11K shares
NABORS ENERGY TRANSITION COR
$105.2M · 376K shares
$49.0M · 94K shares
$36.8M · 175K shares
$31.7M · 60K shares
$23.2M · 19K shares
$16.9M · 130K shares
$12.7M · 182K shares
$2.2M · 56K shares
Sector Breakdown
| Sector | # Holdings | Value | % |
|---|---|---|---|
| Unknown | 124 | $775.1B | 62.5% |
| Financial Services | 141 | $206.8B | 16.7% |
| Technology | 57 | $80.7B | 6.5% |
| Basic Materials | 12 | $58.5B | 4.7% |
| Consumer Cyclical | 8 | $26.2B | 2.1% |
| Energy | 7 | $21.2B | 1.7% |
| Real Estate | 9 | $20.3B | 1.6% |
| Communication Services | 7 | $19.7B | 1.6% |
| Industrials | 11 | $13.5B | 1.1% |
| Utilities | 4 | $10.1B | 0.8% |
| Healthcare | 3 | $7.2B | 0.6% |
| Consumer Defensive | 2 | $1.7B | 0.1% |