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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 7 of 11  ·  212 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 VHCP VINE HILL CAP INVTS CORP II Financial Services 100,000.0 $990K 0.07% NEW $9.90 +0.4%
122 ACTIVATE ENERGY ACQUISIT COR 100,000.0 $989K 0.07% NEW $9.89
123 SVIV SPRING VY ACQUISITION CORP I Financial Services 100,000.0 $987K 0.07% NEW $9.87 +2.1%
124 TWELVE SEAS INVT CO III 100,000.0 $987K 0.07% NEW $9.87
125 LAFAYETTE DIGITAL ACQUISITIO 100,000.0 $986K 0.07% NEW $9.86
126 QS PUT QUANTUMSCAPE CORP Consumer Cyclical 150,000.0 $957K 0.07% NEW $6.38 +34.8%
127 MSGE SPHERE ENTERTAINMENT CO Communication Services 8,108.0 $952K 0.07% NEW $117.40 -41.7%
128 IT PUT GARTNER INC Technology 6,000.0 $950K 0.07% NEW $158.34 -11.2%
129 NEW PROVIDENCE ACQUISITION C 89,644.0 $920K 0.06% NEW $10.26
130 WIX CALL WIX COM LTD Technology 10,000.0 $901K 0.06% NEW $90.07 -41.5%
131 MPX MARINE PRODS CORP Consumer Cyclical 120,216.0 $874K 0.06% NEW $7.27 +12.5%
132 SERV PUT SERVE ROBOTICS INC Industrials 100,000.0 $844K 0.06% NEW $8.44 +3.6%
133 DELL PUT DELL TECHNOLOGIES INC Technology 5,000.0 $821K 0.06% NEW $164.13 +51.0%
134 BACC BLUE ACQUISITION CORP. Financial Services 79,015.0 $807K 0.06% NEW $10.21 +2.2%
135 BTU PEABODY ENGR CORP Energy 24,311.0 $801K 0.06% NEW $32.95 -27.9%
136 DRVN DRIVEN BRANDS HLDGS INC Consumer Cyclical 62,368.0 $786K 0.06% NEW $12.61 -0.6%
137 INSP CALL INSPIRE MED SYS INC Healthcare 15,000.0 $774K 0.05% NEW $51.58 -17.3%
138 OIM ONEIM ACQUISITION CORP Financial Services 77,232.0 $769K 0.05% NEW $9.96 +0.3%
139 COPX CALL GLOBAL X FDS 10,000.0 $764K 0.05% NEW $76.35 +8.8%
140 CEPS CANTOR EQUITY PARTNERS VI IN Financial Services 75,000.0 $758K 0.05% NEW $10.10 +1.0%
Page 7 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%