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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 7 of 21  ·  410 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
121 ABVX ABIVAX SA Healthcare 22,500.0 $3.0M 0.24% NEW $134.85 -16.5%
122 PAR PAR TECHNOLOGY CORP Technology 83,580.0 $3.0M 0.24% NEW $36.28 -60.7%
123 TLNC TALON CAP CORP Financial Services 299,752.0 $3.0M 0.24% NEW $10.11 +1.1%
124 CYBERARK SOFTWARE LTD 6,748.0 $3.0M 0.24% NEW $446.06
125 PKST PEAKSTONE REALTY TRUST Real Estate 209,114.0 $3.0M 0.24% NEW $14.35 +46.3%
126 MP MATERIALS CORP 2,500.0 $3.0M 0.24% NEW $1195.47
127 AMZN AMAZON COM INC Consumer Cyclical 12,708.0 $2.9M 0.24% NEW $230.82 +14.6%
128 OPEN PUT OPENDOOR TECHNOLOGIES INC Real Estate 500,000.0 $2.9M 0.23% NEW $5.83 -26.9%
129 SOLS PUT SOLSTICE ADVANCED MATLS INC Basic Materials 60,000.0 $2.9M 0.23% NEW $48.58 +67.6%
130 MARRIOTT VACATIONS WORLDWIDE 3,000.0 $2.9M 0.23% NEW $954.50
131 APP APPLOVIN CORP Technology 4,232.0 $2.9M 0.23% NEW $673.82 -27.3%
132 IBIT ISHARES BITCOIN TRUST ETF Financial Services 57,322.0 $2.8M 0.23% NEW $49.65 -12.9%
133 IPCX INFLECTION PT ACQUISITION CO Financial Services 276,543.0 $2.8M 0.23% NEW $10.14 +1.6%
134 JENA ACQUISITION CORP II 273,000.0 $2.8M 0.22% NEW $10.17
135 IBIT PUT ISHARES BITCOIN TRUST ETF Financial Services 55,000.0 $2.7M 0.22% NEW $49.65 -12.9%
136 FRONTIER COMMUNICATIONS PARE 71,074.0 $2.7M 0.22% NEW $38.07
137 LIONSGATE STUDIOS CORP 296,069.0 $2.7M 0.22% NEW $9.13
138 NABORS INDS INC 3,315.0 $2.7M 0.22% NEW $810.80
139 CEPF CANTOR EQUITY PARTNERS IV IN Financial Services 258,141.0 $2.7M 0.21% NEW $10.28 +0.5%
140 FNV FRANCO NEV CORP Basic Materials 12,500.0 $2.6M 0.21% NEW $207.28 +7.9%
Page 7 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%