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K2 PRINCIPAL FUND, L.P.
Period ended Sep 30, 2026 · Latest filing Nov 13, 2026
These quarterly holdings are delayed and may not include all assets or short positions.
Values are from the reporting date, not current prices or purchase costs.
The same security may appear in multiple rows.
Source: SEC
Reported portfolio value
Quarter-end reported holdings; not current value or investment performance.
View reported values
- Dec 31, 2024: $900,620,519
- Mar 31, 2025: $788,186,181
- Jun 30, 2025: $725,229,989
- Sep 30, 2025: $1,231,447,683
- Dec 31, 2025: $1,241,204,705
- Mar 31, 2026: $1,432,158,045
- Jun 30, 2026: $1,364,900,286
- Sep 30, 2026: $1,204,524,978
Top holdings
Top 10 at Sep 30, 2026. Matching entries are combined; security classes and options remain separate. Shares exclude principal amounts; option shares reflect the reported underlying amount.
View top holdings values
- VANECK ETF TRUST · GOLD MINERS ETF · 92189F106 · shares · PUT: $33,364,001
- SPDR GOLD TR · GOLD SHS · 78463V107 · shares · CALL: $19,346,672
- AVNET INC · NOTE 1.750 9/0 · 053807AZ6 · principal: $18,213,600
- STRATEGY INC · NOTE 0.625 9/1 · 594972AQ4 · principal: $17,925,000
- CHEESECAKE FACTORY INC · NOTE 2.000 3/1 · 163072AC5 · principal: $17,218,730
- CLOUDFLARE INC · NOTE 6/1 · 18915MAF4 · principal: $15,771,000
- PAR TECHNOLOGY CORP · 4.000 03/15/31 CVT · 698884AK9 · principal: $15,128,343
- GAMESTOP CORP · NOTE 4/0 · 36467WAE9 · principal: $15,101,800
- RUBRIK INC. · NOTE 6/1 · 781154AD1 · principal: $14,324,400
- GUARDANT HEALTH INC · NOTE 11/1 · 40131MAB5 · principal: $13,689,000
Reported holdings
468 reported entries| Issuer | Class | CUSIP | Type | Shares / principal | Reported value (USD) |
|---|---|---|---|---|---|
| AVERIN CAP ACQUISITION CORP | W EXP 01/30/203 | G0679A118 | — | 40,239 shares | $23,339 |
| TITAN ACQUISITION CORP | W EXP 05/16/203 | G8901A111 | — | 54,150 shares | $23,285 |
| UNITED ACQUISITION CORP I | W EXP 99/99/999 | G92ALM116 | — | 50,000 shares | $22,500 |
| PROCAP ACQUISITION CORP | W EXP 05/16/203 | G7257A121 | — | 77,017 shares | $22,335 |
| KARBON CAP PARTNERS CORP | W EXP 12/11/203 | G5225W118 | — | 37,137 shares | $22,282 |
| VINE HILL CAP INVTS CORP II | W EXP 11/25/203 | G9709D117 | — | 66,666 shares | $22,000 |
| HCM IV ACQUISITION CORP | W EXP 01/20/203 | G4365S110 | — | 50,000 shares | $21,500 |
| JONES VENTURES INTL ACQUISIT | RIGHT 07/06/2031 | G51776113 | — | 200,000 shares | $20,000 |
| TWELVE SEAS INVT CO III | RIGHT 11/21/2030 | G9145D119 | — | 152,540 shares | $19,830 |
| YORKVILLE ACQUISITION CORP. | W EXP 06/06/203 | G98659124 | — | 69,238 shares | $19,387 |
| CO2 ENERGY TRANSITION CORP | W EXP 10/23/202 | 12664M111 | — | 155,312 shares | $18,637 |
| SPRING VY ACQUISITION CORP I | W EXP 01/22/203 | G8377G113 | — | 25,000 shares | $18,250 |
| FUTURECREST ACQUISITION CORP | W EXP 09/30/203 | G3730U115 | — | 25,011 shares | $17,258 |
| IRON DOME ACQUISITION I CORP | W EXP 02/27/203 | G4949K112 | — | 64,045 shares | $16,652 |
| MESHFLOW ACQUISITION CORP | W EXP 11/20/203 | G6032N119 | — | 75,000 shares | $16,500 |
| MOZAYYX ACQUISITION CORP | W EXP 99/99/999 | G63113115 | — | 37,500 shares | $16,500 |
| LIONHEART HOLDINGS | W EXP 06/07/203 | G5501C117 | — | 104,270 shares | $15,641 |
| KPET ULTRA PACELINE CORP | W EXP 03/01/203 | G53157114 | — | 29,333 shares | $15,253 |
| DRUGS MADE IN AMER ACQ II CO | RIGHT 09/16/2030 | G2851K112 | — | 250,000 shares | $15,000 |
| EVOLUTION GLOBAL ACQUISITION | W EXP 10/22/203 | G3226F119 | — | 47,901 shares | $14,849 |
| ACTIVATE ENERGY ACQUISIT COR | W EXP 11/10/203 | G0081J111 | — | 50,000 shares | $14,500 |
| SILVER PEGASUS ACQUISITION C | RIGHT 06/26/2030 | G8192J136 | — | 102,500 shares | $14,350 |
| MELAR ACQUISITION CORP. I | W EXP 06/01/203 | G6004G118 | — | 119,212 shares | $14,305 |
| DIGITAL ASSET ACQUISITION CO | W EXP 04/01/203 | G2868C111 | — | 96,845 shares | $13,558 |
| KF GROWTH ACQUISITION CORP | RIGHT 08/29/2031 | G52258129 | — | 118,722 shares | $13,059 |
| SILVERBOX CORP V | W EXP 09/16/203 | G8148S115 | — | 81,133 shares | $12,981 |
| SIDDHI ACQUISITION CORP | RIGHT 09/15/2029 | G8118C116 | — | 138,991 shares | $12,509 |
| LEAPFROG ACQUISITION CORP | W EXP 11/10/203 | G5414D111 | — | 50,000 shares | $12,500 |
| ROMAN DBDR ACQUISITION CORP | W EXP 10/31/203 | G7633M112 | — | 103,595 shares | $12,431 |
| LEGATO MERGER CORP IV | W EXP 99/99/999 | G7318R113 | — | 33,333 shares | $12,333 |
| CO2 ENERGY TRANSITION CORP | RIGHT 10/15/2028 | 12664M129 | — | 70,220 shares | $11,937 |
| XBP GLOBAL HOLDINGS INC | W EXP 11/30/202 | 98400V119 | — | 233,305 shares | $11,665 |
| SNOW ROTHSCHILD ACQUISITION | W EXP 05/22/203 | G8251A117 | — | 50,000 shares | $11,500 |
| QDRO ACQUISITION CORP | W EXP 03/27/203 | G7310E110 | — | 50,245 shares | $11,054 |
| FACT II ACQUISITION CORP | W EXP 11/26/203 | G32901129 | — | 91,821 shares | $11,019 |
| APOGEE ACQUISITION CORP | RIGHT 03/27/2031 | G04126135 | — | 72,370 shares | $10,856 |
| M3-BRIGADE ACQUISITION VI CO | W EXP 08/18/203 | G63221116 | — | 33,333 shares | $10,000 |
| ALLIANCE ENTERTAINMENT HOLDI | W EXP 02/11/202 | 01861F110 | — | 60,105 shares | $9,617 |
| GALATA ACQUISITION CORP II | W EXP 09/12/203 | G3R25N116 | — | 47,933 shares | $9,587 |
| CAMBRIDGE ACQUISITION CORP | W EXP 01/30/203 | G1871M116 | — | 31,733 shares | $9,520 |
| 1RT ACQUISITION CORP. | W EXP 06/26/203 | G6757R113 | — | 25,000 shares | $9,500 |
| VERAXA BIOTECH AG | W EXP 06/08/203 | H9130A111 | — | 154,948 shares | $9,297 |
| KOCHAV DEFENSE ACQUI CO | RIGHT 05/21/2030 | G5304D114 | — | 100,000 shares | $9,000 |
| NORTHSTRIVE ACQUISITION CORP | W EXP 08/11/203 | G6659W129 | — | 225,000 shares | $9,000 |
| APEX TREAS CORP | W EXP 10/07/203 | G04104124 | — | 27,832 shares | $8,906 |
| OXLEY BRIDGE ACQ LTD | W EXP 06/17/203 | G6858G115 | — | 40,217 shares | $8,446 |
| IDEA ACQUISITION CORP | W EXP 01/06/203 | G4727U118 | — | 32,443 shares | $8,435 |
| NET POWER INC | W EXP 06/08/202 | 64107A113 | — | 38,575 shares | $8,101 |
| NEW AMER ACQUISITION I CORP | W EXP 99/99/999 | 023634116 | — | 20,449 shares | $7,771 |
| CHAMPIONSGATE ACQUISITION CO | RIGHT 05/14/2030 | G2124S116 | — | 62,780 shares | $7,534 |
| CHARLTON ARIA ACQUISITION CO | RIGHT 12/31/2026 | G9877L115 | — | 91,752 shares | $7,340 |
| HENNESSY CAP INVTS CORP VIII | RIGHT 02/02/2031 | G44055120 | — | 77,786 shares | $7,001 |
| ALGOMA STL GROUP INC | W EXP 10/19/202 | 015658115 | — | 690,879 shares | $6,909 |
| EMMIS ACQUISITION CORP. | RIGHT 09/12/2030 | G3037D113 | — | 76,105 shares | $6,088 |
| APOGEE ACQUISITION CORP | W EXP 03/27/203 | G04126119 | — | 100,000 shares | $6,000 |
| OTG ACQUISITION CORP. I | W EXP 09/05/203 | G6791A118 | — | 21,000 shares | $5,670 |
| LAFAYETTE DIGITAL ACQUISITIO | W EXP 12/23/203 | G5345D115 | — | 25,000 shares | $5,500 |
| JACKSON ACQUISITION CO II | RIGHT 99/99/9999 | G4992A136 | — | 136,000 shares | $5,440 |
| GRABAGUN DIGITAL HLDGS INC | W EXP 99/99/999 | 38387Q113 | — | 18,609 shares | $5,397 |
| SILICON VY ACQUISITION CORP | W EXP 12/08/203 | G81306113 | — | 12,980 shares | $5,322 |
| DYNAMIX CORP | W EXP 10/25/202 | G2949D112 | — | 50,100 shares | $5,010 |
| OCEANLIGHT ACQUISITION CORP | W EXP 07/09/203 | G8280M116 | — | 164,576 shares | $4,937 |
| EINRIDE AB | W EXP 06/08/203 | 28256A117 | — | 21,386 shares | $4,705 |
| BLUEROCK ACQUISITION CORP | W EXP 12/12/203 | G1352R113 | — | 15,963 shares | $3,991 |
| ITHAX ACQUISITION CORP III | W EXP 11/17/203 | G4977S110 | — | 25,000 shares | $3,250 |
| DYNAMIX CORP III | W EXP 10/10/203 | G2949T117 | — | 16,508 shares | $2,806 |
| OCEANLIGHT ACQUISITION CORP | RIGHT 07/09/2031 | G8280M124 | — | 16,476 shares | $2,801 |
| GP-ACT III ACQUISITION CORP | W EXP 05/13/202 | G4035N129 | — | 65,250 shares | $2,610 |