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)

#StockSharesValue% PortfolioType
301
GTENGORES HLDGS X INC
100,956$93.0M0.01%
302
AENTWALLIANCE ENTERTAINMENT HOLDI
110,294$93.0M0.01%
303
NIOBWNIOCORP DEVS LTD
50,100$93.0M0.01%
304
BCARD. BORAL ARC ACQ I CORP.
257,677$92.0M0.01%
305
SIMASIM ACQUISITION CORP. I
395,072$86.0M0.01%
306
LPBBLAUNCH TWO ACQUISITION CORP.
267,954$85.0M0.01%
307
PMTRPERIMETER ACQUISITION CORP I
116,818$82.0M0.01%
308
CHURCHILL CAP CORP X
10,567$81.0M0.01%
309
SPKLSPARK I ACQUISITION CORP
260,220$80.0M0.01%
310
RACRITHM ACQUISITION CORP
116,000$80.0M0.01%
311
ALFCENTURION ACQUISITION CORP
245,150$78.0M0.01%
312
TRANSLATIONAL DEV ACQUISITIO
245,689$76.0M0.01%
313
ASTLWALGOMA STL GROUP INC
690,879$75.0M0.01%
314
GRAFGRAF GLOBAL CORP
162,657$73.0M0.01%
315
RDAGREPUBLIC DIGITAL ACQUISITION
121,067$70.0M0.01%
316
TALON CAP CORP
116,666$68.0M0.01%
317
PTONPELOTON INTERACTIVE INC
11,000$67.0M0.01%Call
318
FTWEQV VENTURES AC CORP. II
189,383$66.0M0.01%
319
NOEMWCO2 ENERGY TRANSITION CORP
376,348$63.0M0.01%
320
KOYNDIGITAL ASSET ACQUISITION CO
159,845$63.0M0.01%
321
DVDOLLY VARDEN SILVER CORP
14,089$62.0M0.00%
322
JENAJENA ACQUISITION CORP II
312,735$62.0M0.00%
323
DRDBROMAN DBDR ACQUISITION CORP
103,595$62.0M0.00%
324
LIONHEART HOLDINGS
358,596$60.0M0.00%
325
HFROHIGHLAND OPPS INCOME FD
10,033$59.0M0.00%
326
FLDDWFOLD HLDGS INC
380,780$57.0M0.00%
327
ETHZETHZILLA CORPORATION
11,644$57.0M0.00%
328
STELLAR V CAP CORP
169,960$56.0M0.00%
329
GCTS/WSGCT SEMICONDUCTOR HLDG INC
683,091$54.0M0.00%
330
NEWHOLD INVT CORP III
118,865$53.0M0.00%
331
LPAALAUNCH ONE ACQUISITION CORP
204,746$51.0M0.00%
332
ZEOWWZEO ENERGY CORP
1,277,536$51.0M0.00%
333
PEW/WSGRABAGUN DIGITAL HLDGS INC
129,857$49.0M0.00%
334
NEWBURY STR II ACQUISITION C
198,253$49.0M0.00%
335
RTACRENATUS TACTICAL ACQUIS
59,413$48.0M0.00%
336
SKYHSKY HARBOUR GROUP CORPORATIO
73,619$47.0M0.00%
337
TACHTITAN ACQUISITION CORP
136,650$42.0M0.00%
338
SPRING VY ACQUISITION CORP I
66,666$41.0M0.00%
339
RANGE CAP ACQUISITION CORP I
122,200$39.0M0.00%
340
CHARCHARLTON ARIA ACQUISITION CO
191,752$36.0M0.00%
341
AACBARTIUS II ACQUISITION INC
112,006$36.0M0.00%
342
MLACMOUNTAIN LAKE ACQUISITION CO
147,507$35.0M0.00%
343
WENNWEN ACQUISITION CORP
113,158$35.0M0.00%
344
GIGGIGCAPITAL7 CORP
86,112$35.0M0.00%
345
SZZLSIZZLE ACQUISITION CORP. II
223,957$35.0M0.00%
346
DMIIDRUGS MADE IN AMER ACQ II CO
250,000$35.0M0.00%
347
DNMXDYNAMIX CORP III
96,249$34.0M0.00%
348
JACSJACKSON ACQUISITION CO II
136,000$34.0M0.00%
349
MACIMELAR ACQUISITION CORP. I
236,041$33.0M0.00%
350
EVOXEVOLUTION GLOBAL ACQUISITION
75,000$33.0M0.00%
351
GPATGP-ACT III ACQUISITION CORP
121,798$32.0M0.00%
352
GIWGIGCAPITAL8 CORP
100,000$31.0M0.00%
353
XNROXNEUBERGER REAL ESTATE
10,400$31.0M0.00%
354
RAAQREAL ASSET ACQUISITION CORP
67,110$28.0M0.00%
355
NOEMRCO2 ENERGY TRANSITION CORP
131,207$28.0M0.00%
356
LWACLIGHTWAVE ACQUISITION CORP
106,950$28.0M0.00%
357
PCAPPROCAP ACQUISITION CORP
77,017$28.0M0.00%
358
OPENZOPENDOOR TECHNOLOGIES INC
69,434$27.0M0.00%
359
OACCOAKTREE ACQUISITION CORP III
39,058$27.0M0.00%
360
SPEGSILVER PEGASUS ACQUISITION C
102,500$24.0M0.00%
361
KCHVKOCHAV DEFENSE ACQUI CO
100,000$24.0M0.00%
362
BACCBLUE ACQUISITION CORP.
75,000$24.0M0.00%
363
NPWR/WSNET POWER INC
46,181$23.0M0.00%
364
YCYAA MISSION ACQUISITION CORP
125,000$21.0M0.00%
365
OAKUWOAK WOODS ACQUISITION CORP
500,340$20.0M0.00%
366
MCGAYORKVILLE ACQUISITION CORP.
38,333$19.0M0.00%
367
FCRSFUTURECREST ACQUISITION CORP
25,000$18.0M0.00%
3682,000$15.0M0.00%
369
EMISEMMIS ACQUISITION CORP.
100,000$15.0M0.00%
370
KFIIKF GROWTH ACQUISITION CORP
118,722$15.0M0.00%
371
ONCH1RT ACQUISITION CORP.
25,000$14.0M0.00%
372
NPACNEW PROVIDENCE ACQUISITION C
24,700$12.0M0.00%
373
MBVIM3-BRIGADE ACQUISITION VI CO
33,333$12.0M0.00%
374
CGCTCARTESIAN GROWTH CORP III
14,091$11.0M0.00%
375
CHPGCHAMPIONSGATE ACQUISITION CO
62,780$11.0M0.00%
376
KEEN VISION ACQUISITION CORP
204,578$10.0M0.00%
377
OPENLOPENDOOR TECHNOLOGIES INC
19,134$9.0M0.00%
378
ALPHATIME ACQUISITION CORP
141,606$9.0M0.00%
379
OBAOXLEY BRIDGE ACQ LTD
40,217$8.0M0.00%
380
WTGWINTERGREEN ACQUISITION CORP
57,800$8.0M0.00%
381
ESHARESH ACQUISITION CORP
26,807$6.0M0.00%
382
XBPEWXBP GLOBAL HOLDINGS INC
233,305$6.0M0.00%
383
BLUE WTR ACQUISITION CORP. I
10,260$5.0M0.00%
384
MRNOMURANO GLOBAL INVTS PLC
69,690$2.0M0.00%
385
RFAIRF ACQUISITION CORP II
13,374$1.0M0.00%
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