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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 18 of 21  ·  410 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
341 TALON CAP CORP 116,666.0 $69K 0.01% NEW $0.59
342 PTON CALL PELOTON INTERACTIVE INC Consumer Cyclical 11,000.0 $68K 0.01% NEW $6.16 -13.6%
343 EQV VENTURES AC CORP. II 189,383.0 $66K 0.01% NEW $0.35
344 CO2 ENERGY TRANSITION CORP 376,348.0 $64K 0.01% NEW $0.17
345 DIGITAL ASSET ACQUISITION CO 159,845.0 $64K 0.01% NEW $0.40
346 JENA ACQUISITION CORP II 312,735.0 $63K 0.01% NEW $0.20
347 ROMAN DBDR ACQUISITION CORP 103,595.0 $62K 0.01% NEW $0.60
348 DOLLY VARDEN SILVER CORP 14,089.0 $62K 0.01% NEW $4.41
349 LIONHEART HOLDINGS 358,596.0 $61K 0.01% NEW $0.17
350 HIGHLAND OPPS INCOME FD 10,033.0 $60K 0.01% NEW $5.98
351 FOLD HLDGS INC 380,780.0 $57K 0.01% NEW $0.15
352 FRMM ETHZILLA CORPORATION Technology 11,644.0 $57K 0.01% NEW $4.90 -20.8%
353 STELLAR V CAP CORP 169,960.0 $56K 0.01% NEW $0.33
354 GCT SEMICONDUCTOR HLDG INC 683,091.0 $55K 0.00% NEW $0.08
355 NEWHOLD INVT CORP III 118,865.0 $53K 0.00% NEW $0.45
356 LAUNCH ONE ACQUISITION CORP 204,746.0 $51K 0.00% NEW $0.25
357 ZEO ENERGY CORP 1,277,536.0 $51K 0.00% NEW $0.04
358 NEWBURY STR II ACQUISITION C 198,253.0 $50K 0.00% NEW $0.25
359 GRABAGUN DIGITAL HLDGS INC 129,857.0 $49K 0.00% NEW $0.38
360 RENATUS TACTICAL ACQUIS 59,413.0 $48K 0.00% NEW $0.81
Page 18 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%