K2 PRINCIPAL FUND, L.P. Q4 2024 Filing

Filed February 14, 2025

Portfolio Value

$900.6B

Holdings

287

Report Date

Q4 2024

Filing Type

13F-HR

All Holdings (287 positions)

#StockSharesValue% PortfolioType
1
GQ9SPDR GOLD TR
183,145$44.3B4.92%Put
2
VOOVANGUARD INDEX FDS
64,000$34.5B3.83%Put
3
AMZNAMAZON COM INC
83,321$18.3B2.03%Call
4
DBX 0 03/01/26DROPBOX INC
15,859$15.7B1.75%
5
SEISOLARIS ENERGY INFRAS INC
544,035$15.7B1.74%Call
6
OPEN 0.25 08/15/26OPENDOOR TECHNOL
17,429$15.3B1.70%
7
AY 4 07/15/25ATLANTICA JERSEY
15,300$15.3B1.70%
8
PTON 0 02/15/26PELOTON INTERACTIVE INC
15,679$14.7B1.63%
913,080$14.6B1.62%
1012,000$14.6B1.62%
11
IBITISHARES BITCOIN TRUST ETF
270,000$14.3B1.59%
12
SPCE 2.5 02/01/27VIRGIN GALACTIC
28,500$12.5B1.39%
13
KAR AUCTION
12,487$12.5B1.38%
14
IAU*ISHARES GOLD TR
250,000$12.4B1.37%
15
ENV 0.75 08/15/25ENVESTNET INC
12,000$12.0B1.33%
16
SPHR 3.5 12/01/28SPHERE ENTERTAINMENT CO
8,500$11.6B1.29%
17
VETCN 5.625 03/15/25 144aVERMILION ENERGY TRUST
11,559$11.5B1.28%
18
MARA HOLDINGS
12,500$10.9B1.21%
19
TRIP 0.25 04/01/26TRIPADVISOR INC
11,500$10.7B1.19%
20
GOOGALPHABET INC
52,053$9.9B1.10%Call
21
WGOWINNEBAGO INDU
10,925$9.9B1.09%
22
MICROSTRATEGY
12,000$9.7B1.08%
23
AKAM 0.375 09/01/27AKAMAI TECHNOLOGIES INC
9,500$9.6B1.06%
24
JBLU 0.5 04/01/26JETBLUE AIRWAYS CORP
10,000$9.3B1.03%
2510,000$9.3B1.03%
26
WLACWILLOW LANE ACQUISITION CORP
933,888$9.2B1.03%
27
RDDTREDDIT INC
56,000$9.2B1.02%Put
28
UPST 0.25 08/15/26UPSTART HLDGS INC
10,000$9.1B1.01%
299,321$9.0B0.99%
30
IIPR 5.5 05/25/26 *IIP OP PRTNRSHP
9,082$8.8B0.97%
31
BBBLACKBERRY LTD
7,000$8.7B0.96%
32
FSLY 0 03/15/26FASTLY INC
9,249$8.6B0.96%
33
AGCN 0.375 01/15/27FIRST MAJESTIC SILVER CORP
9,500$8.6B0.95%
34
ETHMDYNAMIX CORP
869,912$8.5B0.95%
35
LITE 1.5 12/15/29LUMENTUM HLDGS INC
6,000$8.4B0.93%
36
WT 3.25 06/15/26WISDOMTREE INC
7,344$8.2B0.91%
378,000$8.0B0.89%
38
WDC 3 11/15/28WESTERN DIGITAL CORP
6,000$8.0B0.88%
398,000$7.9B0.88%
40
PARPAR TECHNOLOGY CORP
106,441$7.7B0.86%Put
417,718$7.7B0.86%
42
RNG 0 03/01/25RINGCENTRAL INC
7,799$7.7B0.86%
43
NDQINVESCO QQQ TR
15,000$7.7B0.85%Put
44
SAVE 1 05/15/26SPIRIT AIRLINES
19,393$7.6B0.84%
45
MLACMOUNTAIN LAKE ACQUISITION CO
748,957$7.5B0.83%
46
VFCV F CORP
340,000$7.3B0.81%Put
47
ACIALBERTSONS COS INC
365,501$7.2B0.80%Call
489,000$7.1B0.79%
49
TLNTALEN ENERGY CORP
34,989$7.0B0.78%Call
507,100$7.0B0.77%
51
CIENCIENA CORP
81,222$6.9B0.76%Call
52
STLDSTEEL DYNAMICS INC
60,000$6.8B0.76%Call
53
CENX 2.75 05/01/28CENTURY ALUM CO
5,750$6.8B0.76%
54
TRANSLATIONAL DEV ACQUISITIO
674,997$6.8B0.75%
55
WTWISDOMTREE INC
6,000$6.5B0.72%
56
WULF 2.75 02/01/30TERAWULF INC
6,500$6.3B0.70%
57
SABHLD 4 04/15/25SABRE GLBL INC
6,309$6.2B0.69%
58
MTUMISHARES TR
30,000$6.2B0.69%Put
59
AAL 6.5 07/01/25AMERICAN AIRLINES GROUP INC
5,000$5.9B0.65%
60
BL 0 03/15/26BLACKLINE INC
6,000$5.6B0.63%
61
CCIICOHEN CIRCLE ACQUISITION COR
562,383$5.6B0.62%
625,158$5.5B0.61%
63
SRGSERITAGE GROWTH PPTYS
1,325,600$5.5B0.61%Call
64
MARAMARATHON DIGITAL
5,000$5.3B0.59%
65
HESHESS CORP
39,382$5.2B0.58%
66
BEAGBOLD EAGLE ACQUISITION CORP
521,524$5.1B0.57%
67
TTGT 0 12/15/26TECHTARGET INC
5,000$5.0B0.55%
68
RTXRTX CORPORATION
40,000$4.6B0.51%Put
69
BTDR 5.25 12/01/29BITDEER TECHNO
3,000$4.5B0.50%
705,000$4.5B0.50%
71
AEIS 2.5 09/15/28ADVANCED ENERGY INDS
4,000$4.4B0.48%
723,000$4.4B0.48%
73
COINCOINBASE GLOBAL
4,000$4.3B0.48%
74
LOWLOWES COS INC
17,000$4.2B0.47%Put
75
NLOPNET LEASE OFFICE PROPERTIES
134,275$4.2B0.47%
76
HCPHASHICORP INC
120,114$4.1B0.46%
77
INFN 3.75 08/01/28INFINERA CORP
3,500$4.1B0.45%
78
DRDBROMAN DBDR ACQUISITION CORP
407,190$4.1B0.45%
79
LARCN 1.75 01/15/27LITHIUM AMERICAS ARGENTINA C
5,095$3.9B0.44%
80
LTRPA 0.5 06/30/51LIB TRIP ADV HOL
4,000$3.9B0.44%
814,000$3.7B0.41%
82
CORZWCORE SCIENTIFIC INC NEW
415,495$3.4B0.38%
83
TSMTAIWAN SEMICONDUCTOR MFG LTD
16,000$3.2B0.35%Call
84
SPHRSPHERE ENTERTAINMENT CO
75,000$3.0B0.34%Call
85
USX1UNITED STATES STL CORP NEW
87,500$3.0B0.33%Call
86
PDSPRECISION DRILLING CORP
48,446$3.0B0.33%Call
87
DISDISNEY WALT CO
26,254$2.9B0.32%Call
88
LITE 0.5 06/15/28LUMENTUM HLDGS INC
3,000$2.9B0.32%
89
FCXFREEPORT-MCMORAN INC
75,000$2.9B0.32%Put
90
CHRWC H ROBINSON WORLDWIDE INC
27,500$2.8B0.32%Call
91
IAUCN 8 02/22/27I-80 GOLD CORP
4,000$2.8B0.31%
92
SSRMCN 2.5 04/01/39SSR MINING IN
2,888$2.8B0.31%
93
IRIS ENERGY LTD
3,000$2.7B0.30%
94
FACTFACT II ACQUISITION CORP
257,500$2.5B0.28%
95
BUSDBARNES GROUP INC
53,330$2.5B0.28%
96
FYBRFRONTIER COMMUNICATIONS PARE
71,074$2.5B0.27%
97
LMTLOCKHEED MARTIN CORP
5,000$2.4B0.27%Put
98
KDKYNDRYL HLDGS INC
70,000$2.4B0.27%Call
99
IONQ/WSIONQ INC
79,438$2.4B0.27%
1002,396$2.4B0.26%
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