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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 11  ·  212 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
41 AXP PUT AMERICAN EXPRESS CO Financial Services 10,000.0 $3.0M 0.21% NEW $302.48 +3.6%
42 IEAG INFINITE EAGLE ACQUISITION C Financial Services 300,000.0 $3.0M 0.21% NEW $10.00 +0.4%
43 ARCHIMEDES TECH SPAC PTNRS I 299,536.0 $3.0M 0.21% NEW $9.85
44 DATADOG INC 3,000.0 $2.9M 0.20% NEW $969.50
45 QQQ CALL INVESCO QQQ TR Financial Services 5,000.0 $2.9M 0.20% NEW $577.18 +22.8%
46 GENI CALL GENIUS SPORTS LIMITED Communication Services 650,000.0 $2.9M 0.20% NEW $4.43 -6.1%
47 IT CALL GARTNER INC Technology 18,000.0 $2.9M 0.20% NEW $158.34 -11.2%
48 IGV PUT ISHARES TR 35,000.0 $2.8M 0.20% NEW $80.05 +14.7%
49 DBCA D BORAL ACQUISITION I CORP Financial Services 276,220.0 $2.7M 0.19% NEW $9.86 +0.4%
50 GLNG CALL GOLAR LNG LTD Energy 50,000.0 $2.7M 0.19% NEW $54.11 +5.8%
51 ECVT CALL ECOVYST INC Basic Materials 200,000.0 $2.6M 0.18% NEW $12.86 +16.4%
52 DCH CALL DAUCH CORP Industrials 433,400.0 $2.6M 0.18% NEW $5.93 +15.9%
53 SPARTACUS ACQUISITION CORP I 250,000.0 $2.5M 0.17% NEW $10.03
54 SBXE SILVERBOX CORP V Financial Services 243,400.0 $2.4M 0.17% NEW $9.92 +1.1%
55 SEMR SEMRUSH HLDGS INC Technology 200,000.0 $2.4M 0.17% NEW $11.94 +0.5%
56 PZZA PAPA JOHNS INTL INC Consumer Cyclical 73,200.0 $2.4M 0.17% NEW $32.41 +1.0%
57 QURE CALL UNIQURE NV Healthcare 145,000.0 $2.4M 0.17% NEW $16.35 +69.7%
58 PUMP PROPETRO HLDG CORP Energy 162,208.0 $2.3M 0.16% NEW $14.41 +17.8%
59 MSFT MICROSOFT CORP Technology 6,000.0 $2.2M 0.15% NEW $370.17 +10.6%
60 SPACE ASSET ACQUISITION CORP 212,161.0 $2.1M 0.15% NEW $9.96
Page 3 of 11  ·  212 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%