K2 PRINCIPAL FUND, L.P.
Securities ▲▼ | Shares | Value ($K) | |||||
|---|---|---|---|---|---|---|---|
Q4 2025 ▲▼ | Q1 2026 ▲▼ | Change ▲▼ | Q4 2025 ▲▼ | Q1 2026 ▲▼ | Weight (%) ▲▼ | Change ▲▼ | |
| STATE STR SPDR SP 500 ETF T(SPY)(Put) | 0 | 75,000 | +75,000 | 0 | 48,775,502 | — | +48,775,502 |
| SPDR GOLD TR(GLD)(Call) | 107,200 | 200,600 | +93,400 | 42,484,432 | 86,316,176 | — | +43,831,744 |
| SPDR GOLD TR(GLD)(Put) | 0 | 73,000 | +73,000 | 0 | 31,411,171 | — | +31,411,171 |
| ISHARES TR(Put) | 0 | 85,000 | +85,000 | 0 | 21,080,000 | — | +21,080,000 |
| PAR TECHNOLOGY CORP | 0 | 0 | 0 | 0 | 15,037,153 | 1.59% | +15,037,153 |
| TRIPADVISOR INC(TRIP) | 0 | 0 | 0 | 0 | 13,973,470 | 1.47% | +13,973,470 |
| VEECO INSTRS INC DEL(VECO) | 0 | 0 | 0 | 0 | 13,843,400 | 1.46% | +13,843,400 |
| JETBLUE AIRWAYS CORP(JBLU) | 0 | 0 | 0 | 0 | 13,795,523 | 1.46% | +13,795,523 |
| CLOUDFLARE INC(NET) | 0 | 0 | 0 | 0 | 13,625,100 | 1.44% | +13,625,100 |
| KENNEDY-WILSON INC | 0 | 0 | 0 | 0 | 12,268,716 | 1.29% | +12,268,716 |
| WIX LTD(WIX) | 0 | 0 | 0 | 0 | 12,042,830 | 1.27% | +12,042,830 |
| ISHARES TR(Put) | 0 | 150,000 | +150,000 | 0 | 11,934,000 | — | +11,934,000 |
| LUCID GROUP INC(LCID) | 0 | 0 | 0 | 0 | 11,774,250 | 1.24% | +11,774,250 |
| GLOBAL X FDS(Put) GLOBAL X COPPER | 50,000 | 194,000 | +144,000 | 3,589,500 | 14,811,900 | — | +11,222,400 |
| I-80 GOLD CORP(IAUX) | 0 | 0 | 0 | 0 | 11,204,400 | 1.18% | +11,204,400 |
| XPLR INFRASTRUCTURE LP(XIFR) | 0 | 0 | 0 | 0 | 9,934,100 | 1.05% | +9,934,100 |
| ETSY INC(ETSY) | 0 | 0 | 0 | 0 | 9,660,950 | 1.02% | +9,660,950 |
| RUBRIK INC(RBRK) | 0 | 0 | 0 | 0 | 9,470,615 | 1.00% | +9,470,615 |
| AKAMAI TECHNOLOGIES INC(AKAM) | 0 | 0 | 0 | 0 | 9,142,400 | 0.96% | +9,142,400 |
| GOLAR LNG LTD(GLNG) | 0 | 0 | 0 | 5,803,560 | 14,270,640 | 1.51% | +8,467,080 |
| SELECT SECTOR SPDR TR(Put) ST STR STAPL ETF | 0 | 100,000 | +100,000 | 0 | 8,198,000 | — | +8,198,000 |
| COREWEAVE INC(CRWV) | 0 | 0 | 0 | 0 | 8,045,880 | 0.85% | +8,045,880 |
| IIP OPERATING PARTNER(IIPR) | 0 | 0 | 0 | 0 | 7,550,952 | 0.80% | +7,550,952 |
| OPENDOOR TECHNOLOGIES IN(OPEN) | 0 | 0 | 0 | 0 | 7,394,206 | 0.78% | +7,394,206 |
| MUVICO LLC(AMC) | 0 | 0 | 0 | 0 | 7,356,131 | 0.78% | +7,356,131 |
| CLEAR CHANNEL OUTDOOR HO(CCO) | 0 | 0 | 0 | 0 | 7,309,556 | 0.77% | +7,309,556 |
| BITDEER TECHNOLOGIES GRP(BTDR) | 0 | 0 | 0 | 0 | 7,063,875 | 0.75% | +7,063,875 |
| STRATEGY INC(MSTR) | 0 | 0 | 0 | 0 | 6,944,000 | 0.73% | +6,944,000 |
| SHOPIFY INC(SHOP)(Put) | 0 | 58,000 | +58,000 | 0 | 6,879,960 | — | +6,879,960 |
| ISHARES TR(Put) | 0 | 120,000 | +120,000 | 0 | 6,814,800 | — | +6,814,800 |
| PENNYMAC FINL SVCS INC NEW(PFSI) | 3,002 | 81,002 | +78,000 | 395,784 | 7,079,575 | 0.75% | +6,683,791 |
| SPDR GOLD TR(GLD) | 0 | 14,603 | +14,603 | 0 | 6,283,525 | 0.66% | +6,283,525 |
| GALAXY DIGITAL HOLDIN LP | 0 | 0 | 0 | 0 | 6,262,245 | 0.66% | +6,262,245 |
| PEBBLEBROOK HOTEL TRUST(PEB) | 0 | 0 | 0 | 0 | 6,150,420 | 0.65% | +6,150,420 |
| GUIDEWIRE SOFTWARE INC(GWRE) | 0 | 0 | 0 | 0 | 5,991,600 | 0.63% | +5,991,600 |
| RAYONIER ADVANCED MATLS INC(Call) | 596,400 | 845,000 | +248,600 | 3,512,796 | 9,354,150 | — | +5,841,354 |
| MARRIOTT VACATIONS WORLDWIDE(VAC) | 0 | 0 | 0 | 2,863,500 | 8,665,200 | 0.91% | +5,801,700 |
| DENISON MINES CORP(DNN) | 0 | 0 | 0 | 3,898,950 | 9,328,290 | 0.98% | +5,429,340 |
| PELOTON INTERACTIVE INC(PTON) | 0 | 0 | 0 | 0 | 5,365,600 | 0.57% | +5,365,600 |
| ALPHABET INC(GOOG) | 13,354 | 33,205 | +19,851 | 4,190,485 | 9,525,186 | 1.01% | +5,334,701 |
| VANECK ETF TRUST(Call) JUNIOR GOLD MINE | 22,000 | 65,000 | +43,000 | 2,503,160 | 7,802,600 | — | +5,299,440 |
| UBER TECHNOLOGIES INC(UBER)(Put) | 0 | 72,000 | +72,000 | 0 | 5,178,960 | — | +5,178,960 |
| SOLARIS ENERGY INFRAS INC(SEI)(Call) | 0 | 90,000 | +90,000 | 0 | 5,085,900 | — | +5,085,900 |
| ARK ETF TR(Call) INNOVATION ETF | 0 | 70,000 | +70,000 | 0 | 4,731,300 | — | +4,731,300 |
| ARK ETF TR(Put) INNOVATION ETF | 0 | 68,000 | +68,000 | 0 | 4,596,120 | — | +4,596,120 |
| WILLOW LANE ACQUISITION CRP UNIT 01/27/2031 | 0 | 450,000 | +450,000 | 0 | 4,545,000 | 0.48% | +4,545,000 |
| ARS PHARMACEUTICALS INC | 10,200 | 559,697 | +549,497 | 118,830 | 4,494,367 | 0.47% | +4,375,537 |
| BOX INC(BOX) | 0 | 0 | 0 | 4,877,000 | 9,212,000 | 0.97% | +4,335,000 |
| DROPBOX INC(DBX) | 0 | 0 | 0 | 7,080,500 | 11,400,000 | 1.20% | +4,319,500 |
| PLUG POWER INC(PLUG) | 0 | 0 | 0 | 0 | 4,311,887 | 0.46% | +4,311,887 |
| BLOOM ENERGY CORP(BE) | 0 | 0 | 0 | 0 | 4,259,720 | 0.45% | +4,259,720 |
| WILLOW LANE ACQUISITION CORP ORD SHS CL A | 0 | 397,897 | +397,897 | 0 | 4,237,603 | 0.45% | +4,237,603 |
| BLACKSKY TECHNOLOGY INC | 0 | 0 | 0 | 5,341,500 | 9,196,863 | 0.97% | +3,855,363 |
| SUNRUN INC(RUN) | 0 | 0 | 0 | 5,666,400 | 9,472,000 | 1.00% | +3,805,600 |
| BANK MONTREAL MEDIUM(Put) | 0 | 20,000 | +20,000 | 0 | 3,768,400 | — | +3,768,400 |
| ISHARES SILVER TR(SLV)(Put) | 5,000 | 60,000 | +55,000 | 322,100 | 4,088,400 | — | +3,766,300 |
| COLOMBIER ACQUISITION CORP I ORD SHS CL A | 0 | 372,211 | +372,211 | 0 | 3,744,443 | 0.40% | +3,744,443 |
| VANECK ETF TRUST(Put) JUNIOR GOLD MINE | 82,000 | 107,500 | +25,500 | 9,329,960 | 12,904,300 | — | +3,574,340 |
| KENNEDY-WILSON INC | 0 | 0 | 0 | 0 | 3,529,991 | 0.37% | +3,529,991 |
| INTUITIVE MACHINES INC(LUNR) | 0 | 0 | 0 | 0 | 3,522,150 | 0.37% | +3,522,150 |
| ENERGY FUELS INC(UUUU) | 0 | 0 | 0 | 0 | 3,507,750 | 0.37% | +3,507,750 |
| COLUMBUS CIRCLE CAP CORP II USD CL A ORD SHS | 0 | 337,415 | +337,415 | 0 | 3,316,789 | 0.35% | +3,316,789 |
| PROCAP FINL INC | 0 | 1,552,900 | +1,552,900 | 0 | 3,276,619 | 0.35% | +3,276,619 |
| UBER TECHNOLOGIES INC(UBER)(Call) | 0 | 45,500 | +45,500 | 0 | 3,272,815 | — | +3,272,815 |
| NABORS INDS INC(NBR) | 0 | 0 | 0 | 2,687,800 | 5,833,170 | 0.62% | +3,145,370 |
| OR ROYALTIES INC.(OR) | 0 | 80,000 | +80,000 | 0 | 3,041,600 | 0.32% | +3,041,600 |
| ADVANCED ENERGY INDS(AEIS) | 0 | 0 | 0 | 6,567,600 | 9,604,800 | 1.01% | +3,037,200 |
| STRATEGY INC(MSTR) | 0 | 0 | 0 | 5,071,200 | 8,099,700 | 0.85% | +3,028,500 |
| AMERICAN EXPRESS CO(AXP)(Put) | 0 | 10,000 | +10,000 | 0 | 3,024,800 | — | +3,024,800 |
| INFINITE EAGLE ACQUISITION C CL A | 0 | 300,000 | +300,000 | 0 | 3,000,000 | 0.32% | +3,000,000 |
| ARCHIMEDES TECH SPAC PTNRS I ORD SHS | 0 | 299,536 | +299,536 | 0 | 2,950,430 | 0.31% | +2,950,430 |
| ABIVAX SA(ABVX) | 22,500 | 53,741 | +31,241 | 3,034,125 | 5,984,060 | 0.63% | +2,949,935 |
| DATADOG INC(DDOG) | 0 | 0 | 0 | 0 | 2,908,500 | 0.31% | +2,908,500 |
| INVESCO QQQ TR(Call) | 0 | 5,000 | +5,000 | 0 | 2,885,900 | — | +2,885,900 |
| GENIUS SPORTS LIMITED(Call) SHARES CL A | 0 | 650,000 | +650,000 | 0 | 2,879,500 | — | +2,879,500 |
| GARTNER INC(IT)(Call) | 0 | 18,000 | +18,000 | 0 | 2,850,120 | — | +2,850,120 |
| ISHARES TR(Put) | 0 | 35,000 | +35,000 | 0 | 2,801,750 | — | +2,801,750 |
| D BORAL ACQUISITION I CORP | 0 | 276,220 | +276,220 | 0 | 2,723,529 | 0.29% | +2,723,529 |
| GOLAR LNG LTD(Call) SHS | 0 | 50,000 | +50,000 | 0 | 2,705,500 | — | +2,705,500 |
| SOLSTICE ADVANCED MATLS INC(SOLS)(Call) | 40,000 | 60,000 | +20,000 | 1,943,200 | 4,569,600 | — | +2,626,400 |
| ECOVYST INC(ECVT)(Call) | 0 | 200,000 | +200,000 | 0 | 2,572,000 | — | +2,572,000 |
| DAUCH CORP(Call) | 0 | 433,400 | +433,400 | 0 | 2,570,062 | — | +2,570,062 |
| GAMESTOP CORP(GME) | 0 | 0 | 0 | 11,890,560 | 14,399,560 | 1.52% | +2,509,000 |
| SPARTACUS ACQUISITION CORP I UNIT 01/30/2031 | 0 | 250,000 | +250,000 | 0 | 2,507,500 | 0.26% | +2,507,500 |
| ALGONQUIN POWER UTILITIES | 200,000 | 600,000 | +400,000 | 1,230,000 | 3,684,000 | 0.39% | +2,454,000 |
| SILVERBOX CORP V | 0 | 243,400 | +243,400 | 0 | 2,414,528 | 0.25% | +2,414,528 |
| SEMRUSH HLDGS INC CL A COM | 0 | 200,000 | +200,000 | 0 | 2,388,000 | 0.25% | +2,388,000 |
| PAPA JOHNS INTL INC(PZZA) | 0 | 73,200 | +73,200 | 0 | 2,372,412 | 0.25% | +2,372,412 |
| UNIQURE NV(QURE)(Call) | 0 | 145,000 | +145,000 | 0 | 2,370,750 | — | +2,370,750 |
| PROPETRO HLDG CORP(PUMP) | 0 | 162,208 | +162,208 | 0 | 2,337,417 | 0.25% | +2,337,417 |
| ISHARES BITCOIN TRUST ETF(IBIT) | 57,322 | 133,822 | +76,500 | 2,846,037 | 5,141,441 | 0.54% | +2,295,404 |
| VISTRA CORP(VST) | 10,000 | 25,850 | +15,850 | 1,613,300 | 3,886,031 | 0.41% | +2,272,731 |
| MICROSOFT CORP(MSFT) | 0 | 6,000 | +6,000 | 0 | 2,221,020 | 0.23% | +2,221,020 |
| WISDOMTREE INC(WT) | 0 | 0 | 0 | 7,234,800 | 9,361,800 | 0.99% | +2,127,000 |
| SPACE ASSET ACQUISITION CORP | 0 | 212,161 | +212,161 | 0 | 2,113,124 | 0.22% | +2,113,124 |
| GALAXY DIGITAL HOLDIN LP | 0 | 0 | 0 | 0 | 2,043,450 | 0.22% | +2,043,450 |
| AUTOMATIC DATA PROCESSING IN(Put) | 0 | 10,000 | +10,000 | 0 | 2,031,800 | — | +2,031,800 |
| INFLECTION PT ACQUISIT CORP UNIT 03/03/2031 | 0 | 200,000 | +200,000 | 0 | 2,024,000 | 0.21% | +2,024,000 |
| BAIN CAP GSS INVT CORP ORD CL A | 0 | 200,000 | +200,000 | 0 | 2,022,000 | 0.21% | +2,022,000 |
| CLEAR CHANNEL OUTDOOR HO(CCO) | 0 | 0 | 0 | 0 | 2,012,620 | 0.21% | +2,012,620 |