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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 9 of 11  ·  212 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
161 MARA CALL MARA HOLDINGS INC Financial Services 50,000.0 $408K 0.03% NEW $8.16 +62.9%
162 TSM TAIWAN SEMICONDUCTOR MANUFAC Technology 1,100.0 $372K 0.03% NEW $337.95 +23.6%
163 MGM PUT MGM RESORTS INTERNATIONAL Consumer Cyclical 10,000.0 $370K 0.03% NEW $37.01 -0.5%
164 AFRM PUT AFFIRM HLDGS INC Technology 8,000.0 $367K 0.03% NEW $45.82 +43.6%
165 INFLEQTION INC 67,729.0 $300K 0.02% NEW $4.43
166 CSGS CSG SYS INTL INC Technology 3,723.0 $298K 0.02% NEW $79.94 -0.1%
167 FORR FORRESTER RESH INC Industrials 50,178.0 $284K 0.02% NEW $5.66 +16.6%
168 NOK NOKIA CORP Technology 35,000.0 $281K 0.02% NEW $8.04 +79.9%
169 OWL CALL BLUE OWL CAPITAL INC Financial Services 30,000.0 $274K 0.02% NEW $9.13 +7.4%
170 FG PUT FG ANNUITIES LIFE INC Financial Services 10,000.0 $253K 0.02% NEW $25.32 +12.9%
171 TRIP TRIPADVISOR INC Consumer Cyclical 23,000.0 $245K 0.02% NEW $10.66 -9.9%
172 TE T1 ENERGY INC Industrials 50,000.0 $220K 0.01% NEW $4.39 +30.5%
173 FS SPECIALTY LENDING FD 16,500.0 $206K 0.01% NEW $12.51
174 PUT AMC ENTMT HLDGS INC 200,000.0 $196K 0.01% NEW $0.98
175 BLUEROCK PVT REAL ESTATE FD 10,900.0 $181K 0.01% NEW $16.61
176 NWAX NEW AMER ACQUISITION I CORP Financial Services 17,180.0 $172K 0.01% NEW $10.01 +0.8%
177 AIOT CALL POWERFLEET INC Technology 50,000.0 $154K 0.01% NEW $3.08 +4.9%
178 ARCHIMEDES TECH SPAC PTNRS I 281,777.0 $152K 0.01% NEW $0.54
179 PRESIDIO PRODTN CO 162,326.0 $131K 0.01% NEW $0.81
180 ART TECHNOLOGY ACQUISITION C 332,259.0 $96K 0.01% NEW $0.29
Page 9 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%