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Portfolio (Quarterly) Guide ↗

K2 PRINCIPAL FUND, L.P.

· CIK 0001461790
13F Portfolio $1.2B AUM Filed Feb 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 410 New
Page 16 of 21  ·  410 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
301 SIZZLE ACQUISITION CORP. II 18,479.0 $188K 0.01% NEW $10.16
302 SABA SABA CAPITAL INCOME OPPORT Financial Services 22,700.0 $187K 0.01% NEW $8.25 +1.8%
303 INFLECTION PT ACQUISITION CO 473,166.0 $180K 0.01% NEW $0.38
304 CRANE HBR ACQUISITION CORP 215,769.0 $173K 0.01% NEW $0.80
305 LEGATO MERGER CORP III 409,167.0 $168K 0.01% NEW $0.41
306 A PARADISE ACQUISITION CORP 650,000.0 $162K 0.01% NEW $0.25
307 ALDEL FINL II INC 288,369.0 $159K 0.01% NEW $0.55
308 BOLD EAGLE ACQUISITION CORP 478,518.0 $153K 0.01% NEW $0.32
309 MBC MASTERBRAND INC Consumer Cyclical 13,516.0 $149K 0.01% NEW $11.04 -36.6%
310 ARCHIMEDES TECH SPAC PARTNER 239,895.0 $132K 0.01% NEW $0.55
311 LIVE OAK ACQUISITION CORP V 132,200.0 $131K 0.01% NEW $0.99
312 BLUE OWL CAPITAL CORPORATION 10,300.0 $128K 0.01% NEW $12.43
313 BERTO ACQUISITION CORP 336,901.0 $125K 0.01% NEW $0.37
314 EUREKA ACQUISITION CORP 326,474.0 $124K 0.01% NEW $0.38
315 SPRY ARS PHARMACEUTICALS INC Healthcare 10,200.0 $119K 0.01% NEW $11.65 -36.2%
316 HENNESSY CAP INVT CORP VII 394,597.0 $110K 0.01% NEW $0.28
317 CAL REDWOOD ACQUISITION CORP 328,278.0 $105K 0.01% NEW $0.32
318 NEW AMER ACQUISITION I CORP 10,000.0 $104K 0.01% NEW $10.41
319 QUBT CALL QUANTUM COMPUTING INC Technology 10,000.0 $103K 0.01% NEW $10.26 +2.4%
320 PCF HIGH INCOME SECS FD Financial Services 16,617.0 $102K 0.01% NEW $6.15 -8.1%
Page 16 of 21  ·  410 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 29.3%
Basic Materials 11.6%
Technology 9.7%
Real Estate 9.2%
Consumer Cyclical 7.2%
Industrials 7.1%
Utilities 6.5%
Energy 6.5%
Consumer Defensive 5.9%
Communication Services 4.8%