Fund HoldingsK2 PRINCIPAL FUND, L.P.

Total Portfolio Value
$725.23M
Total Bought
$278.20M
Total Sold
$176.33M
Net Transaction
+$101.87M
Filing Period:
Securities
SharesValue ($K)
Q1 2025
Q2 2025
Change
Q1 2025
Q2 2025
Weight (%)
Change
BRITISH AMERN TOB PLC(BTI)(Call)0390,000+390,000018,459+18,459
ISHARES TR(Put)0200,000+200,000016,130+16,130
ISHARES BITCOIN TRUST ETF(IBIT)(Put)20,000250,000+230,00093615,303+14,366
SPDR GOLD TR(GLD)(Call)70,000105,000+35,00020,17032,007+11,837
ISHARES SILVER TR(SLV)(Call)20,000328,000+308,00062010,762+10,142
ETSY INC(ETSY)00009,7221.34%+9,722
SNAP INC(SNAP)00009,5851.32%+9,585
COINBASE GLOBAL INC(COIN)00009,1731.26%+9,173
AMERICAN AIRLINES GROUP INC(AAL)000014,1381.95%+14,138
LIVE NATION ENTERTAINMENT IN(LYV)00007,6751.06%+7,675
PEBBLEBROOK HOTEL TR(PEB)00007,0680.97%+7,068
MAG SILVER CORP0321,870+321,87006,8010.94%+6,801
SOLARIS ENERGY INFRAS INC(SEI)00006,3700.88%+6,370
CORE SCIENTIFIC INC NEW(CORZ)0346,591+346,59105,9160.82%+5,916
ISHARES BITCOIN TRUST ETF(IBIT)(Call)60,000142,500+82,5002,8098,722+5,914
VANGUARD SCOTTSDALE FDS(Put)
VNG RUS2000IDX
062,500+62,50005,451+5,451
FIRST MAJESTIC SILVER CORP(AG)000014,0641.94%+14,064
LIVE NATION ENTERTAINMENT IN(LYV)(Call)034,000+34,00005,144+5,144
OMNICOM GROUP INC(OMC)(Call)060,100+60,10004,324+4,324
JUNIPER NETWORKS INC0100,000+100,00003,9930.55%+3,993
GORES HLDGS X INC
SHS CL A
0389,326+389,32603,9910.55%+3,991
LUMENTUM HLDGS INC(LITE)000010,7651.48%+10,765
MARA HOLDINGS INC(MARA)00005,4230.75%+5,423
RITHM ACQUISITION CORP0347,708+347,70803,5430.49%+3,543
ISHARES TR(Call)040,000+40,00003,530+3,530
HOWARD HUGHES HOLDINGS INC(HHH)(Call)052,000+52,00003,510+3,510
CORE SCIENTIFIC INC NEW(CORZ)(Call)0200,000+200,00003,414+3,414
JENA ACQUISITION CORP II0325,200+325,20003,3430.46%+3,343
INVITATION HOMES INC(INVH)(Put)0100,000+100,00003,280+3,280
BERTO ACQUISITION CORP0304,536+304,53603,1730.44%+3,173
CHURCHILL CAP CORP X0300,000+300,00003,0900.43%+3,090
TELUS INTL CDA INC0835,087+835,08703,0310.42%+3,031
CORE SCIENTIFIC INC NEW(CORZ)(Put)0175,000+175,00002,987+2,987
ARES ACQUISITION CORP II0282,079+282,07903,1960.44%+3,196
FLUOR CORP NEW(FLR)058,200+58,20002,9840.41%+2,984
CENTURION ACQUISITION CORP0282,839+282,83902,9750.41%+2,975
MKS INC.(MKSI)00002,9670.41%+2,967
COLOMBIER ACQUISITION CORP I0283,990+283,99004,3900.61%+4,390
SUNRUN INC(RUN)00002,8600.39%+2,860
SILVERBOX CORP IV0249,209+249,20902,7310.38%+2,731
GUARDANT HEALTH INC(GH)00002,7270.38%+2,727
PROCAP ACQUISITION CORP0251,303+251,30302,6940.37%+2,694
ALPHABET INC(GOOG)015,000+15,00002,6610.37%+2,661
PERIMETER ACQUISITION CORP I0247,237+247,23702,5140.35%+2,514
BLUE ACQUISITION CORP.
UNIT 06/02/2030
0249,900+249,90002,5090.35%+2,509
FREEPORT-MCMORAN INC(FCX)(Call)075,000+75,00003,251+3,251
TITAN ACQUISITION CORP0245,600+245,60002,4660.34%+2,466
REPUBLIC DIGITAL ACQUISITION0238,720+238,72002,4490.34%+2,449
FIRST SOLAR INC(FSLR)44,10448,291+4,1875,5767,9941.10%+2,418
GENIUS SPORTS LIMITED
SHARES CL A
0230,364+230,36402,3960.33%+2,396
WEN ACQUISITION CORP0226,317+226,31702,3920.33%+2,392
DIGITAL ASSET ACQUISITION CO0226,951+226,95102,3780.33%+2,378
CANTOR EQUITY PARTNERS II IN
CL A ORD SHS
0208,586+208,58602,3010.32%+2,301
INFLECTION PT ACQUISITION CO
CL A ORD SHS
0223,166+223,16602,2670.31%+2,267
GALAXY DIGITAL INC.(GLXY)(Put)075,000+75,00002,237+2,237
HAYMAKER ACQUISITION CORP IV
CLASS A
0199,800+199,80002,2180.31%+2,218
APPLOVIN CORP(APP)06,167+6,16702,1590.30%+2,159
CAL REDWOOD ACQUISITION CORP0215,031+215,03102,1440.30%+2,144
SIM ACQUISITION CORP. I0205,292+205,29202,1390.29%+2,139
COLUMBUS CIRCLE CAP CORP. I0200,000+200,00002,1240.29%+2,124
CANTOR EQUITY PARTNERS III I
SHS CL A
0200,000+200,00002,1100.29%+2,110
APPLIED OPTOELECTRONICS INC(AAOI)0006,3498,4001.16%+2,051
ISHARES TR(Call)025,000+25,00002,016+2,016
IMPERIAL OIL LTD(IMO)(Call)025,000+25,00001,987+1,987
PELOTON INTERACTIVE INC(PTON)184,809447,734+262,9251,1683,1070.43%+1,939
LIVE OAK ACQUISITION CORP V0178,100+178,10001,9060.26%+1,906
WIX COM LTD
SHS
012,004+12,00401,9020.26%+1,902
BRITISH AMERN TOB PLC(BTI)038,200+38,20001,8080.25%+1,808
AXIOM INTELLIGENCE AC CORP 1
UNIT 06/10/2030
0177,159+177,15901,7880.25%+1,788
SPHERE ENTERTAINMENT CO(SPHR)000011,9971.65%+11,997
RENATUS TACTICAL ACQUIS
SHS CL A
0145,320+145,32001,7150.24%+1,715
PEABODY ENERGY CORP(BTU)(Call)0125,000+125,00001,678+1,678
ARCHIMEDES TECH SPAC PARTNER
ORD SHS
0160,170+160,17001,6390.23%+1,639
COREWEAVE INC(CRWV)(Put)010,000+10,00001,631+1,631
SANDSTORM GOLD LTD0170,000+170,00001,5980.22%+1,598
ENPHASE ENERGY INC(ENPH)(Put)040,000+40,00001,586+1,586
FIFTH ERA ACQUISITION CORP I0150,000+150,00001,5230.21%+1,523
LIGHTWAVE ACQUISITION CORP0150,000+150,00001,5090.21%+1,509
DICKS SPORTING GOODS INC(DKS)07,500+7,50001,4840.20%+1,484
FOOT LOCKER INC060,000+60,00001,4700.20%+1,470
SPIRIT AVIATION HLDGS INC0287,976+287,97601,4370.20%+1,437
DROPBOX INC(DBX)(Put)050,000+50,00001,430+1,430
GREENFIRE RES LTD NEW102,600447,600+345,0006021,9960.28%+1,394
OWENS CORNING NEW(OC)(Call)010,000+10,00001,375+1,375
YORKVILLE ACQUISITION CORP.0115,000+115,00001,2940.18%+1,294
BLACKBERRY LTD(BB)0008,82410,1161.39%+1,292
MICRON TECHNOLOGY INC(MU)010,000+10,00001,2330.17%+1,233
ARES MANAGEMENT CORPORATION(ARES)(Call)07,000+7,00001,212+1,212
IMPERIAL OIL LTD(IMO)015,000+15,00001,1920.16%+1,192
V F CORP(VFC)0100,000+100,00001,1750.16%+1,175
AST SPACEMOBILE INC(ASTS)(Call)025,000+25,00001,168+1,168
GEN DIGITAL INC(GEN)0143,630+143,63001,1520.16%+1,152
ARTIUS II ACQUISITION INC0112,006+112,00601,1340.16%+1,134
PENN ENTERTAINMENT INC(PENN)0006,1927,2911.01%+1,099
ROCKET COS INC(RKT)(Call)075,000+75,00001,064+1,064
CORE SCIENTIFIC INC NEW(CORZ)0107,092+107,09201,1610.16%+1,161
D R HORTON INC(DHI)08,000+8,00001,0310.14%+1,031
POWERFLEET INC0238,417+238,41701,0280.14%+1,028
JBS N.V.(JBS)069,944+69,94401,0220.14%+1,022
KOCHAV DEFENSE ACQUI CO
UNIT 05/21/2030
0100,000+100,00001,0180.14%+1,018
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