K2 PRINCIPAL FUND, L.P. Q4 2025 Filing
Filed February 13, 2026
Portfolio Value
$1.2T
Holdings
385
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (385 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 201 | CEPFCANTOR EQUITY PARTNERS V INC | 100,000 | $1.0B | 0.08% | |
| 202 | ONCH1RT ACQUISITION CORP. | 100,000 | $1.0B | 0.08% | |
| 203 | VEONVEON LTD | 19,300 | $1.0B | 0.08% | |
| 204 | KCHVKOCHAV DEFENSE ACQUI CO | 100,000 | $1.0B | 0.08% | |
| 205 | FCRSFUTURECREST ACQUISITION CORP | 100,000 | $1.0B | 0.08% | |
| 206 | SACSAFEGUARD ACQUISITION CORP | 100,000 | $1.0B | 0.08% | |
| 207 | SPEGSILVER PEGASUS ACQUISITION C | 100,000 | $1.0B | 0.08% | |
| 208 | —GENERAL PURP ACQUISITION COR | 100,000 | $1.0B | 0.08% | |
| 209 | LFACLEAPFROG ACQUISITION CORP | 100,000 | $1.0B | 0.08% | |
| 210 | MBVIM3-BRIGADE ACQUISITION VI CO | 100,000 | $1.0B | 0.08% | |
| 211 | BLRKBLUEROCK ACQUISITION CORP | 100,000 | $1.0B | 0.08% | |
| 212 | AEAQACTIVATE ENERGY ACQUISITION | 100,000 | $999.0M | 0.08% | |
| 213 | —RANGE CAP ACQUISITION CORP I | 100,000 | $998.0M | 0.08% | |
| 214 | LPCVLAUNCHPAD CADENZA ACQUISITIO | 100,000 | $998.0M | 0.08% | |
| 215 | ADACAMERICAN DRIVE ACQUISITION C | 100,000 | $997.0M | 0.08% | |
| 216 | LATAGALATA ACQUISITION CORP II | 100,000 | $996.0M | 0.08% | |
| 217 | TWLVTWELVE SEAS INVT CO III | 100,000 | $995.0M | 0.08% | |
| 218 | KYIVKYIVSTAR GROUP LTD | 273,501 | $968.0M | 0.08% | |
| 219 | CARSCARS COM INC | 78,176 | $953.0M | 0.08% | |
| 220 | THSTREEHOUSE FOODS INC | 40,300 | $950.0M | 0.08% | |
| 221 | ATIIARCHIMEDES TECH SPAC PARTNER | 87,900 | $910.0M | 0.07% | |
| 222 | ARRY 1 12/01/28ARRAY TECHNOLOGIES INC | 1,000 | $905.0M | 0.07% | |
| 223 | PLUNPLUG POWER INC | 450,000 | $886.0M | 0.07% | |
| 224 | TSEMTOWER SEMICONDUCTOR LTD | 7,411 | $870.0M | 0.07% | |
| 225 | CHECCHENGHE ACQUISITION III CO | 80,760 | $805.0M | 0.06% | |
| 226 | KVUEKENVUE INC | 46,193 | $796.0M | 0.06% | |
| 227 | NVDANVIDIA CORPORATION | 4,000 | $746.0M | 0.06% | |
| 228 | CCCXCHURCHILL CAP CORP X | 46,340 | $722.0M | 0.06% | |
| 229 | OKLOOKLO INC | 9,900 | $710.0M | 0.06% | Put |
| 230 | TERTERADYNE INC | 3,664 | $709.0M | 0.06% | |
| 231 | CMCOCOLUMBUS MCKINNON CORP N Y | 40,225 | $693.0M | 0.06% | |
| 232 | FFBCFIRST FINL BANCORP OH | 26,576 | $664.0M | 0.05% | |
| 233 | MCGAYORKVILLE ACQUISITION CORP. | 65,000 | $658.0M | 0.05% | |
| 234 | SPCEVIRGIN GALACTIC HOLDINGS INC | 200,000 | $642.0M | 0.05% | Put |
| 235 | PGYPAGAYA TECHNOLOGIES LTD | 30,000 | $627.0M | 0.05% | Put |
| 236 | APLDAPPLIED DIGITAL CORP | 25,000 | $613.0M | 0.05% | Call |
| 237 | TLTISHARES TR | 6,966 | $607.0M | 0.05% | |
| 238 | MRKMERCK CO INC | 5,684 | $598.0M | 0.05% | |
| 239 | BTDRBITDEER TECHNOLOGIES GROUP | 50,000 | $560.0M | 0.05% | Put |
| 240 | —HENNESSY CAP INVT CORP VII | 53,442 | $553.0M | 0.04% | |
| 241 | MTAMETALLA RTY STREAMING LTD | 69,760 | $542.0M | 0.04% | |
| 242 | CRNCCERENCE INC | 50,000 | $534.0M | 0.04% | Call |
| 243 | PLYMPLYMOUTH INDL REIT INC | 24,204 | $529.0M | 0.04% | |
| 244 | CLNECLEAN ENERGY FUELS CORP | 250,000 | $525.0M | 0.04% | |
| 245 | ITHAITHAX ACQUISITION CORP III | 50,000 | $499.0M | 0.04% | |
| 246 | CAMTCAMTEK LTD | 4,000 | $425.0M | 0.03% | |
| 247 | VPGVISHAY PRECISION GROUP INC | 10,900 | $419.0M | 0.03% | |
| 248 | AEISADVANCED ENERGY INDS | 2,000 | $418.0M | 0.03% | Put |
| 249 | ROKROCKWELL AUTOMATION INC | 1,039 | $404.0M | 0.03% | |
| 250 | PFSIPENNYMAC FINL SVCS INC NEW | 3,002 | $395.0M | 0.03% | |
| 251 | ADXADAMS DIVERSIFIED EQUITY FD | 16,851 | $392.0M | 0.03% | |
| 252 | ACREARES COML REAL ESTATE CORP | 77,377 | $369.0M | 0.03% | |
| 253 | KLICKULICKE SOFFA INDS INC | 8,000 | $364.0M | 0.03% | |
| 254 | WLACWILLOW LANE ACQUISITION CORP | 81,153 | $363.0M | 0.03% | |
| 255 | AMKRAMKOR TECHNOLOGY INC | 9,000 | $355.0M | 0.03% | |
| 256 | TSSITSS INC DEL | 50,000 | $353.0M | 0.03% | |
| 257 | VBNKVERSABANK NEW | 23,158 | $346.0M | 0.03% | |
| 258 | NNAVWNEXTNAV INC | 48,080 | $343.0M | 0.03% | |
| 259 | RVTROYCE SMALL CAP TRUST INC | 20,503 | $330.0M | 0.03% | |
| 260 | BDJBLACKROCK ENHANCED EQUITY DI | 32,984 | $312.0M | 0.03% | |
| 261 | DMADESTRA MULTI-ALTERNATIVE FD | 34,709 | $311.0M | 0.03% | |
| 262 | LULULULULEMON ATHLETICA INC | 1,500 | $311.0M | 0.03% | |
| 263 | ECFELLSWORTH GROWTH INCOME FD | 24,619 | $286.0M | 0.02% | |
| 264 | EICEAGLE POINT INCOME COMPANY I | 23,584 | $269.0M | 0.02% | |
| 265 | KDKRWKODIAK AI INC. | 173,851 | $265.0M | 0.02% | |
| 266 | BACQINFLECTION POINT ACQUISITION | 348,231 | $257.0M | 0.02% | |
| 267 | CIIBLACKROCK ENHANCED LARGE CAP | 10,682 | $249.0M | 0.02% | |
| 268 | UTFCOHEN STEERS INFRASTRUCTUR | 10,043 | $242.0M | 0.02% | |
| 269 | HHHHOWARD HUGHES HOLDINGS INC | 3,000 | $239.0M | 0.02% | Call |
| 270 | EVACEQV VENTURES ACQUISITION COR | 488,712 | $234.0M | 0.02% | |
| 271 | HYACHAYMAKER ACQUISITION CORP IV | 139,087 | $215.0M | 0.02% | |
| 272 | ASGIABRDN GLOBAL INFRA INCOME FU | 9,425 | $210.0M | 0.02% | |
| 273 | CCIICOHEN CIRCLE ACQUISIT CORP I | 300,985 | $210.0M | 0.02% | |
| 274 | STLDSTEEL DYNAMICS INC | 1,200 | $203.0M | 0.02% | |
| 275 | —SOCIAL COMM PARTNERS CORP | 20,000 | $200.0M | 0.02% | |
| 276 | BBBLACKBERRY LTD | 50,000 | $189.0M | 0.02% | Call |
| 277 | SZZLSIZZLE ACQUISITION CORP. II | 18,479 | $187.0M | 0.02% | |
| 278 | SABASABA CAPITAL INCOME OPPORT | 22,700 | $187.0M | 0.02% | |
| 279 | —INFLECTION PT ACQUISITION CO | 473,166 | $179.0M | 0.01% | |
| 280 | —CRANE HBR ACQUISITION CORP | 215,769 | $172.0M | 0.01% | |
| 281 | LEGTLEGATO MERGER CORP III | 409,167 | $167.0M | 0.01% | |
| 282 | APADA PARADISE ACQUISITION CORP | 650,000 | $162.0M | 0.01% | |
| 283 | —ALDEL FINL II INC | 288,369 | $158.0M | 0.01% | |
| 284 | BEAGBOLD EAGLE ACQUISITION CORP | 478,518 | $153.0M | 0.01% | |
| 285 | MBCMASTERBRAND INC | 13,516 | $149.0M | 0.01% | |
| 286 | ATIIARCHIMEDES TECH SPAC PARTNER | 239,895 | $131.0M | 0.01% | |
| 287 | LOBLIVE OAK ACQUISITION CORP V | 132,200 | $130.0M | 0.01% | |
| 288 | OBDCBLUE OWL CAPITAL CORPORATION | 10,300 | $128.0M | 0.01% | |
| 289 | TACOBERTO ACQUISITION CORP | 336,901 | $124.0M | 0.01% | |
| 290 | EURKEUREKA ACQUISITION CORP | 326,474 | $124.0M | 0.01% | |
| 291 | —HENNESSY CAP INVT CORP VII | 394,597 | $110.0M | 0.01% | |
| 292 | CRAQCAL REDWOOD ACQUISITION CORP | 328,278 | $105.0M | 0.01% | |
| 293 | NWAX/UNEW AMER ACQUISITION I CORP | 10,000 | $104.0M | 0.01% | |
| 294 | QUBTQUANTUM COMPUTING INC | 10,000 | $102.0M | 0.01% | Call |
| 295 | PCFHIGH INCOME SECS FD | 16,617 | $102.0M | 0.01% | |
| 296 | MOBBWMOBILICOM LTD | 31,140 | $100.0M | 0.01% | |
| 297 | OPENWOPENDOOR TECHNOLOGIES INC | 111,406 | $100.0M | 0.01% | |
| 298 | FACTFACT II ACQUISITION CORP | 288,286 | $100.0M | 0.01% | |
| 299 | JOBYJOBY AVIATION INC | 25,000 | $99.0M | 0.01% | |
| 300 | AIRJWAIRJOULE TECHNOLOGIES CORP | 115,912 | $98.0M | 0.01% |