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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 5 of 11  ·  212 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
81 TXRH PUT TEXAS ROADHOUSE INC Consumer Cyclical 10,000.0 $1.7M 0.12% NEW $165.14 +7.2%
82 VMET VERSAMET ROYALTIES CORP Financial Services 124,800.0 $1.6M 0.12% NEW $13.20 -7.0%
83 MATX PUT MATSON INC Industrials 10,000.0 $1.6M 0.11% NEW $163.94 +11.2%
84 CAVA PUT CAVA GROUP INC Consumer Cyclical 20,000.0 $1.6M 0.11% NEW $80.90 -5.0%
85 XLI PUT SELECT SECTOR SPDR TR 10,000.0 $1.6M 0.11% NEW $161.73 +6.0%
86 VALE CALL VALE S A Basic Materials 100,000.0 $1.6M 0.11% NEW $15.91 +4.2%
87 AMTM AMENTUM HOLDINGS INC Industrials 60,000.0 $1.6M 0.11% NEW $26.08 -11.9%
88 X3 ACQUISITION CORP LTD 155,633.0 $1.5M 0.11% NEW $9.84
89 SKYT SKYWATER TECHNOLOGY INC Technology 54,653.0 $1.5M 0.10% NEW $27.41 +30.7%
90 ALUB ALUSSA ENERGY ACQUISIT CORP Financial Services 150,000.0 $1.5M 0.10% NEW $9.98 +0.3%
91 CORZ CALL CORE SCIENTIFIC INC NEW Technology 100,000.0 $1.5M 0.10% NEW $14.96 +66.6%
92 MOZAYYX ACQUISITION CORP 150,000.0 $1.5M 0.10% NEW $9.94
93 IDEA ACQUISITION CORP 150,000.0 $1.5M 0.10% NEW $9.91
94 CMCO PUT COLUMBUS MCKINNON CORP N Y Industrials 100,000.0 $1.5M 0.10% NEW $14.53 -1.7%
95 STGW STAGWELL INC Communication Services 229,170.0 $1.4M 0.10% NEW $6.29 -2.7%
96 W PUT WAYFAIR INC Consumer Cyclical 19,000.0 $1.4M 0.10% NEW $75.21 -17.7%
97 SWK PUT STANLEY BLACK DECKER INC Industrials 20,000.0 $1.4M 0.10% NEW $71.06 +8.9%
98 KIE PUT SPDR SERIES TRUST 25,000.0 $1.4M 0.10% NEW $55.00 +2.8%
99 NFLX CALL NETFLIX INC. Communication Services 14,100.0 $1.4M 0.10% NEW $96.15 -9.6%
100 HUN CALL HUNTSMAN CORP Basic Materials 100,000.0 $1.3M 0.09% NEW $13.31 +7.5%
Page 5 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%