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Portfolio (Quarterly) Guide ↗

K2 PRINCIPAL FUND, L.P.

· CIK 0001461790
13F Portfolio $1.4B AUM 487 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 212 New 74 Added 83 Reduced 135 Exited
Page 3 of 4  ·  74 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 RDDT REDDIT INC Communication Services 17,606.0 $2.4M 0.17% +11K +173.5% $134.65 +14.5%
42 GDX CALL VANECK ETF TRUST 25,000.0 $2.3M 0.16% +20K +400.0% $91.77 -3.4%
43 AEXA AMERICAN EXCEPTIONALISM ACQU Financial Services 184,665.0 $2.0M 0.14% +41K +28.8% $10.83 +7.9%
44 NLOP NET LEASE OFFICE PROPERTIES Real Estate 160,285.0 $1.8M 0.13% +6K +3.7% $11.52 +1.7%
45 PRCH PORCH GROUP INC Technology 251,564.0 $1.8M 0.13% +142K +128.7% $7.17 +39.7%
46 VACI VIKING ACQUISITION CORP I Financial Services 170,301.0 $1.7M 0.12% +20K +13.5% $9.93 +4.1%
47 GENI GENIUS SPORTS LIMITED Communication Services 371,351.0 $1.6M 0.12% +168K +82.3% $4.43 -0.1%
48 LULU LULULEMON ATHLETICA INC Consumer Cyclical 10,000.0 $1.5M 0.11% +8K +566.7% $153.10 -22.5%
49 CMCO COLUMBUS MCKINNON CORP N Y Industrials 101,000.0 $1.5M 0.10% +61K +151.1% $14.53 -0.8%
50 AIOT POWERFLEET INC Technology 432,029.0 $1.3M 0.09% +163K +60.7% $3.08 +5.0%
51 CARS CARS COM INC Consumer Cyclical 163,259.0 $1.3M 0.09% +85K +108.8% $8.12 +22.8%
52 TLT ISHARES TR 12,366.0 $1.1M 0.07% +5K +77.5% $86.69 -3.5%
53 MBC MASTERBRAND INC Consumer Cyclical 105,046.0 $873K 0.06% +92K +677.2% $8.31 -15.5%
54 HAYMAKER ACQUISITION CORP IV 231,072.0 $682K 0.05% +92K +66.1% $2.95
55 CLF CLEVELAND-CLIFFS INC NEW Basic Materials 77,453.0 $654K 0.05% +36K +87.5% $8.45 +21.7%
56 MTA METALLA RTY STREAMING LTD Basic Materials 81,760.0 $542K 0.04% +12K +17.2% $6.63 +3.9%
57 VBNK VERSABANK NEW Financial Services 29,982.0 $425K 0.03% +7K +29.5% $14.17 +22.0%
58 UTF COHEN STEERS INFRASTRUCTUR Financial Services 15,043.0 $389K 0.03% +5K +49.8% $25.88 +3.0%
59 ADX ADAMS DIVERSIFIED EQUITY FD Financial Services 17,191.0 $376K 0.03% +340.0 +2.0% $21.89 +14.6%
60 CCII COHEN CIRCLE ACQUISIT CORP I Financial Services 439,449.0 $286K 0.02% +138K +46.0% $0.65 +1472.3%
Page 3 of 4  ·  74 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 32.5%
Technology 10.0%
Consumer Cyclical 8.5%
Energy 8.3%
Industrials 8.2%
Communication Services 7.9%
Basic Materials 7.8%
Healthcare 6.1%
Utilities 6.1%
Real Estate 2.3%