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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 17 of 21  ·  410 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
321 FACT II ACQUISITION CORP 288,286.0 $101K 0.01% NEW $0.35
322 MOBILICOM LTD 31,140.0 $100K 0.01% NEW $3.22
323 OPENDOOR TECHNOLOGIES INC 111,406.0 $100K 0.01% NEW $0.90
324 JOBY AVIATION INC 25,000.0 $99K 0.01% NEW $3.96
325 AIRJOULE TECHNOLOGIES CORP 115,912.0 $99K 0.01% NEW $0.85
326 GORES HLDGS X INC 100,956.0 $94K 0.01% NEW $0.93
327 ALLIANCE ENTERTAINMENT HOLDI 110,294.0 $94K 0.01% NEW $0.85
328 NIOCORP DEVS LTD 50,100.0 $93K 0.01% NEW $1.86
329 D. BORAL ARC ACQ I CORP. 257,677.0 $93K 0.01% NEW $0.36
330 SIM ACQUISITION CORP. I 395,072.0 $87K 0.01% NEW $0.22
331 LAUNCH TWO ACQUISITION CORP. 267,954.0 $86K 0.01% NEW $0.32
332 PERIMETER ACQUISITION CORP I 116,818.0 $83K 0.01% NEW $0.71
333 CHURCHILL CAP CORP X 10,567.0 $81K 0.01% NEW $7.70
334 SPARK I ACQUISITION CORP 260,220.0 $81K 0.01% NEW $0.31
335 RITHM ACQUISITION CORP 116,000.0 $80K 0.01% NEW $0.69
336 CENTURION ACQUISITION CORP 245,150.0 $78K 0.01% NEW $0.32
337 TRANSLATIONAL DEV ACQUISITIO 245,689.0 $76K 0.01% NEW $0.31
338 ALGOMA STL GROUP INC 690,879.0 $76K 0.01% NEW $0.11
339 GRAF GLOBAL CORP 162,657.0 $73K 0.01% NEW $0.45
340 REPUBLIC DIGITAL ACQUISITION 121,067.0 $70K 0.01% NEW $0.58
Page 17 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%