K2 PRINCIPAL FUND, L.P.

CIK 1461790 · View on SEC EDGAR ↗

Portfolio value QoQ: -4.7% 13F does not disclose cash

Top 10 holdings weight16.11%

Top 25 holdings weight30.17%

Positions above 1%15

Effective number of positions131.0

Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)

Turnover Q2 2026: 28.17% Est. buys $548,988,609 · sells $394,023,894

Median holding: 2.0 quarters Tracked Q1 2025–Q2 2026 · 45.2% still held

New positions180

Increased77

Decreased87

Closed119

Put-notional exposure: 8.0% puts 13F reports option positions at underlying notional value — may include hedges, not necessarily bearish bets

Portfolio value $1.4B #2,056 of 9,337 by 13F value · top 22.0%

Positions 490

As of June 30, 2026 Data as of Q2 2026

Sector breakdown

Technology 3.3%

Communication Services 3.0%

Consumer Discretionary 2.5%

Healthcare 2.3%

Materials 2.2%

Industrials 2.0%

Financials 1.6%

Real Estate 1.2%

Energy 1.0%

Retail 0.7%

Consumer Staples 0.4%

Utilities 0.4%

Consumer products 0.3%

Other/Unmapped 79.2%

Full portfolio 490 positions

Search positions by ticker or company name

				Type		Streak
GLD SPDR Gold Shares	$54,741,269	4.01%	148,600	Call option	$-31,574,907	Down ×1
Unknown issuer (CUSIP: 01921DAA3)	$26,178,150	1.92%	15,973
GLD SPDR Gold Shares	$22,839,560	1.67%	62,000	Put option	$-8,571,611	Down ×1
GDXJ VanEck Junior Gold Miners ETF	$19,158,750	1.40%	195,000	Put option	$6,254,450	Up ×3
Unknown issuer (CUSIP: 698884AK9)	$17,059,609	1.25%	13,900		$2,022,456	Down ×1
Unknown issuer (CUSIP: 053807AY9)	$16,802,400	1.23%	12,000			Up ×1
Unknown issuer (CUSIP: 00217DAC4)	$16,736,003	1.23%	10,500		$1,169,753
Unknown issuer (CUSIP: 18915MAF4)	$16,490,500	1.21%	13,000			Up ×1
Unknown issuer (CUSIP: 594972AQ4)	$15,396,000	1.13%	15,000			Up ×1
Unknown issuer (CUSIP: 682189AU9)	$14,488,800	1.06%	12,000			Up ×1
Unknown issuer (CUSIP: 94419LAP6)	$14,282,470	1.05%	9,349			Up ×1
Unknown issuer (CUSIP: 36467WAE9)	$14,250,600	1.04%	14,000			Up ×1
PFSI PennyMac Financial Services, Inc. Common Stock	$13,915,618	1.02%	159,766		$6,836,043	Up ×2
COPX Global X Funds	$13,854,600	1.02%	180,000	Put option	$-957,300	Down ×1
Unknown issuer (CUSIP: 38046YAC5)	$13,744,080	1.01%	12,000		$-526,560
Unknown issuer (CUSIP: 83419XAB4)	$12,952,000	0.95%	8,000		$-2,051,600	Down ×1
Unknown issuer (CUSIP: 565788AF3)	$12,558,750	0.92%	12,500		$1,505,000
Unknown issuer (CUSIP: 44955LAC0)	$12,248,885	0.90%	11,000		$1,044,485	Up ×1
Unknown issuer (CUSIP: 781154AD1)	$12,243,600	0.90%	12,000			Up ×1
Unknown issuer (CUSIP: 26210CAD6)	$12,128,400	0.89%	12,000		$728,400
Unknown issuer (CUSIP: 92766KAA4)	$11,998,625	0.88%	12,500
Unknown issuer (CUSIP: 549498AA1)	$11,996,250	0.88%	12,500		$222,000
Unknown issuer (CUSIP: 21873SAD0)	$11,945,050	0.88%	10,000		$3,899,170	Up ×1
Unknown issuer (CUSIP: 86771WAD7)	$11,889,000	0.87%	10,000		$2,417,000	Up ×2
SPY SPY	$11,873,643	0.87%	15,900	Put option	$-36,901,859	Down ×1
GLD SPDR Gold Shares	$11,854,469	0.87%	32,180		$5,570,944	Up ×1
Unknown issuer (CUSIP: 358039AB1)	$11,660,000	0.85%	10,000		$4,534,530	Up ×2
Unknown issuer (CUSIP: 29786AAQ9)	$11,632,000	0.85%	10,000			Up ×1
SLV iShares Silver Trust	$11,629,725	0.85%	217,500	Call option	$-3,660,891	Down ×3
ABVX Abivax SA - American Depositary Shares	$11,340,426	0.83%	85,100	Call option	$10,226,926	Up ×1
FCX Freeport-McMoRan, Inc. Common Stock	$11,093,796	0.81%	176,400	Put option	$-1,014,884	Down ×2
Unknown issuer (CUSIP: 156727AD1)	$11,058,000	0.81%	12,000		$-922,370	Down ×2
Unknown issuer (CUSIP: 70509VAB6)	$10,771,120	0.79%	8,000		$4,620,700	Up ×1
Unknown issuer (CUSIP: 00971TAN1)	$10,742,400	0.79%	9,000		$1,600,000	Up ×1
EA Electronic Arts Inc. - Common Stock	$10,354,520	0.76%	50,500	Put option		Up ×1
Unknown issuer (CUSIP: 842587ED5)	$10,113,000	0.74%	10,000			Up ×1
Unknown issuer (CUSIP: 83304AAB2)	$9,970,000	0.73%	10,000		$110,000
Unknown issuer (CUSIP: 92940WAE9)	$9,936,810	0.73%	13,000		$-2,106,020	Down ×1
Unknown issuer (CUSIP: 538034BD0)	$9,933,975	0.73%	9,000			Up ×1
Unknown issuer (CUSIP: 91680MAB3)	$9,925,000	0.73%	10,000		$126,000
Unknown issuer (CUSIP: 19260QAF4)	$9,894,500	0.72%	11,000		$-348,700
IJR iShares Trust	$9,788,460	0.72%	66,000	Call option		Up ×1
Unknown issuer (CUSIP: 10316TAD6)	$9,779,000	0.72%	10,000		$567,000
Unknown issuer (CUSIP: 09263BAA6)	$9,733,276	0.71%	7,507		$536,413
Unknown issuer (CUSIP: 90353TAM2)	$9,594,400	0.70%	8,000		$-72,000
Unknown issuer (CUSIP: 09175RAB6)	$9,571,660	0.70%	7,000		$2,507,785
GOOG Alphabet Inc. - Class C Capital Stock	$9,459,704	0.69%	26,773		$-65,482	Down ×1
Unknown issuer (CUSIP: 35834FAC8)	$9,428,650	0.69%	5,500			Up ×1
Unknown issuer (CUSIP: 62844JAA6)	$9,156,062	0.67%	11,345		$1,799,931	Down ×1
Unknown issuer (CUSIP: 92766KAC0)	$9,058,108	0.66%	10,184
Unknown issuer (CUSIP: 35834FAB0)	$8,955,970	0.66%	5,250		$6,203,220	Up ×1
Unknown issuer (CUSIP: 57164YAF4)	$8,873,100	0.65%	9,000		$207,900
Unknown issuer (CUSIP: 565788AH9)	$8,697,600	0.64%	9,000		$454,500
Unknown issuer (CUSIP: 248356AA5)	$8,536,500	0.63%	6,000		$-791,790
Unknown issuer (CUSIP: 23804LAD5)	$8,518,200	0.62%	6,000		$5,609,700	Up ×1
SUNC SunocoCorp LLC Common Units, representing limited liability company interests	$8,311,297	0.61%	122,821		$1,832,498	Up ×1
SPY SPY	$8,139,793	0.60%	10,900	Call option	$-27,433,806	Down ×2
Unknown issuer (CUSIP: 36317GAB2)	$8,128,698	0.60%	5,500		$1,866,453
Unknown issuer (CUSIP: 683712AA1)	$8,058,516	0.59%	8,150		$664,310	Up ×1
Unknown issuer (CUSIP: 343412AJ1)	$7,938,600	0.58%	6,000		$596,400
Unknown issuer (CUSIP: 88339PAD3)	$7,634,700	0.56%	8,500		$73,100
Unknown issuer (CUSIP: 20464UAA8)	$7,612,220	0.56%	7,000			Up ×1
Unknown issuer (CUSIP: 04271TAC4)	$7,457,910	0.55%	6,000		$3,751,800	Up ×1
Unknown issuer (CUSIP: 70509VAA8)	$7,407,980	0.54%	7,473		$95,650
Unknown issuer (CUSIP: 92859GAA1)	$7,297,746	0.53%	7,210		$37,853
Unknown issuer (CUSIP: 18453HAD8)	$7,285,185	0.53%	7,275		$-24,371
Unknown issuer (CUSIP: 594972AJ0)	$7,157,500	0.52%	7,000		$-942,200
Unknown issuer (CUSIP: 594972AU5)	$7,108,800	0.52%	8,000		$164,800
DCH Dauch Corporation Common Stock	$7,030,873	0.52%	1,297,209		$4,309	Up ×3
BWA BorgWarner Inc. Common Stock	$6,734,952	0.49%	101,430			Up ×1
TE T1 Energy Inc. Common Stock	$6,583,860	0.48%	694,500	Call option	$6,144,860	Up ×1
CIGI Colliers International Group Inc. - Subordinate Voting Shares	$6,523,751	0.48%	69,557			Up ×1
Unknown issuer (CUSIP: 70614WAD2)	$6,466,800	0.47%	4,000		$1,101,200
EFA iShares Trust	$6,232,800	0.46%	60,000	Put option		Up ×1
Unknown issuer (CUSIP: 767292AB1)	$6,031,500	0.44%	3,000		$2,576,100
GDXJ VanEck Junior Gold Miners ETF	$5,953,950	0.44%	60,600	Call option	$-1,848,650	Down ×1
Unknown issuer (CUSIP: 40171VAC4)	$5,778,600	0.42%	6,000		$-213,000
APP Applovin Corporation - Class A Common Stock	$5,708,233	0.42%	11,079		$1,701,169	Up ×2
ATII Archimedes Tech SPAC Partners II Co. - Ordinary Shares	$5,672,727	0.42%	526,227		$4,757,688	Up ×1
Unknown issuer (CUSIP: 565788AB2)	$5,625,600	0.41%	6,000		$-147,600
Unknown issuer (CUSIP: 977852AK8)	$5,608,904	0.41%	5,051			Up ×1
Unknown issuer (CUSIP: 04271TAB6)	$5,571,600	0.41%	6,000		$2,876,100	Up ×2
FSLR First Solar, Inc. - Common Stock	$5,545,060	0.41%	23,500		$-865,890	Down ×1
CCII Cohen Circle Acquisition Corp. II - Class A Ordinary Shares	$5,466,612	0.40%	530,739		$1,386,788	Up ×1
USO United States Oil Fund	$5,322,000	0.39%	50,000	Call option		Up ×1
Unknown issuer (CUSIP: 44988FAF7)	$5,321,400	0.39%	5,000			Up ×1
Unknown issuer (CUSIP: 72919PAG8)	$5,202,478	0.38%	3,875		$890,591
QQQ Invesco QQQ Trust, Series 1	$5,154,800	0.38%	7,000	Call option	$2,268,900	Up ×1
RYAM Rayonier Advanced Materials Inc. Common Stock	$4,839,701	0.35%	615,738		$1,292,873	Up ×1
Unknown issuer (CUSIP: 25400QAA3)	$4,759,725	0.35%	5,000			Up ×1
NSC Norfolk Southern Corporation Common Stock	$4,716,019	0.35%	14,991		$671,902	Up ×3
RDDT Reddit, Inc. Class A Common Stock	$4,671,559	0.34%	26,913		$2,300,911	Up ×3
SKYT SkyWater Technology, Inc. - Common Stock	$4,551,148	0.33%	130,705		$3,053,109	Up ×1
Unknown issuer (CUSIP: G9675K103)	$4,494,325	0.33%	439,328			Up ×1
GME GameStop Corporation Common Stock	$4,416,000	0.32%	200,000	Put option	$-1,920,000	Down ×1
KVUE Kenvue Inc. Common Stock	$4,377,967	0.32%	229,093
MSFT Microsoft Corporation - Common Stock	$4,341,207	0.32%	11,638		$2,120,187	Up ×1
RMAX RE/MAX Holdings, Inc. Class A Common Stock	$4,286,793	0.31%	434,766			Up ×1
DCH Dauch Corporation Common Stock	$4,283,426	0.31%	790,300	Call option	$1,713,364	Up ×1
Unknown issuer (CUSIP: 665531AJ8)	$4,237,820	0.31%	4,425			Up ×1
No matches

Conviction holdings

Positions increased for 3+ consecutive quarters.

Share counts are as reported in 13F filings (not split-adjusted)

Security	Value	% of portfolio	Streak
GDXJ	$19,158,750	1.40%	up ×3
DCH	$7,030,873	0.52%	up ×3
NSC	$4,716,019	0.35%	up ×3
RDDT	$4,671,559	0.34%	up ×3
CEPF	$3,309,269	0.24%	up ×3
NLOP	$2,077,993	0.15%	up ×3
CRAQR	$104,543	0.01%	up ×3

Biggest new bets

New positions opened this quarter, largest first.

Security	Value	Shares	% of portfolio
Unknown issuer (CUSIP: 01921DAA3)	$26,178,150	15,973	1.92%
Unknown issuer (CUSIP: 053807AY9)	$16,802,400	12,000	1.23%
Unknown issuer (CUSIP: 18915MAF4)	$16,490,500	13,000	1.21%
Unknown issuer (CUSIP: 594972AQ4)	$15,396,000	15,000	1.13%
Unknown issuer (CUSIP: 682189AU9)	$14,488,800	12,000	1.06%
Unknown issuer (CUSIP: 94419LAP6)	$14,282,470	9,349	1.05%
Unknown issuer (CUSIP: 36467WAE9)	$14,250,600	14,000	1.04%
Unknown issuer (CUSIP: 781154AD1)	$12,243,600	12,000	0.90%
Unknown issuer (CUSIP: 92766KAA4)	$11,998,625	12,500	0.88%
Unknown issuer (CUSIP: 29786AAQ9)	$11,632,000	10,000	0.85%
EA	$10,354,520	50,500	0.76%
Unknown issuer (CUSIP: 842587ED5)	$10,113,000	10,000	0.74%
Unknown issuer (CUSIP: 538034BD0)	$9,933,975	9,000	0.73%
IJR	$9,788,460	66,000	0.72%
Unknown issuer (CUSIP: 35834FAC8)	$9,428,650	5,500	0.69%

Top movers (QoQ)

Security	Action	Shares Δ	Value Δ
SPY	Trimmed	-59K	-$36.9M
GLD	Trimmed	-52K	-$31.6M
SPY	Trimmed	-44K	-$27.4M
GLD	Trimmed	-11K	-$8.6M
PFSI	Bought more	+79K	+$6.8M
GDXJ	Bought more	+88K	+$6.3M
·	Bought more	+3K	+$6.2M
·	Bought more	+3K	+$5.6M
GLD	Bought more	+18K	+$5.6M
·	Bought more	+2K	+$4.6M

4 positions hidden — reported move looks larger than the position itself (data completeness check)

Exited positions

Includes corporate events (mergers, delistings) — not all exits are sells

Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.

Security	Quarter	Shares before	Value before	Price since exit
IWM	June 30, 2026	92,635	$22,973,480	-5.7%
CORZ	Dec. 31, 2025	768,101	$13,779,732	14.0%
CRWV	Dec. 31, 2025	89,500	$12,248,076	22.0%
HYG	June 30, 2026	150,000	$11,934,000
W	Dec. 31, 2025	129,500	$11,568,235	5.6%
ARKK	June 30, 2026	138,000	$9,327,420
XLP	June 30, 2026	100,000	$8,198,000	No longer tracked
HYG	Dec. 31, 2025	100,000	$8,119,000
GDX	June 30, 2026	87,500	$8,029,875	15.9%
SEI	June 30, 2025	331,039	$7,203,409	164.2%
SPHR	Dec. 31, 2025	114,700	$7,125,164	16.5%
EEM	June 30, 2026	120,000	$6,814,800
MAG	Sept. 30, 2025	321,870	$6,801,113	No longer tracked
META	March 31, 2026	10,000	$6,600,900	29.7%
OPEN	March 31, 2026	1,059,157	$6,174,885	-50.6%
SUN	June 30, 2026	90,000	$5,847,300	No longer tracked
VTWO	Sept. 30, 2025	62,500	$5,451,250
LYV	Sept. 30, 2025	36,000	$5,446,080	4.4%
PLTR	March 31, 2026	30,000	$5,332,500	29.5%
SEI	June 30, 2026	90,000	$5,085,900	-7.1%
FNV	June 30, 2025	29,500	$4,648,020	46.9%
HES	Sept. 30, 2025	32,782	$4,541,618	No longer tracked
GENI	June 30, 2026	1,021,351	$4,524,585	-1.2%
TLNCU	Dec. 31, 2025	450,000	$4,522,500	1.7%
CCIR	Sept. 30, 2025	410,086	$4,498,644	No longer tracked
IONQ	June 30, 2025	200,000	$4,414,000	0.0%
B	March 31, 2026	101,145	$4,404,865	-1.9%
CLBR	Sept. 30, 2025	283,990	$4,390,485
DMIIU	Dec. 31, 2025	426,507	$4,239,479	1.8%
WLAC	June 30, 2026	397,897	$4,237,603	No longer tracked
NGD	March 31, 2026	481,563	$4,194,414	No longer tracked
JNPR	Sept. 30, 2025	100,000	$3,993,000	No longer tracked
UBER	Dec. 31, 2025	40,430	$3,960,927	-15.0%
IT	June 30, 2026	24,000	$3,800,160	44.9%
SVAC	June 30, 2026	370,960	$3,768,954	No longer tracked
BMO	June 30, 2026	20,000	$3,768,400	-6.9%
AQN	June 30, 2026	600,000	$3,684,000	-13.5%
TIXT	Dec. 31, 2025	806,090	$3,611,283	No longer tracked
RAC	Sept. 30, 2025	347,708	$3,543,144	3.0%
ALUBU	March 31, 2026	350,000	$3,535,000	No longer tracked
RACU	June 30, 2025	350,000	$3,535,000	No longer tracked
TLT	Sept. 30, 2025	40,000	$3,530,000
PUMP	June 30, 2026	242,208	$3,490,217	-33.1%
SEI	Dec. 31, 2025	85,000	$3,397,450	62.6%
SVCC	June 30, 2025	339,920	$3,395,801	4.9%
DOO	June 30, 2025	100,000	$3,381,000	13.5%
JENAU	Sept. 30, 2025	325,200	$3,343,056	No longer tracked
ATIIU	June 30, 2025	319,790	$3,223,483	9.9%
RKT	Dec. 31, 2025	165,000	$3,197,700	-39.7%
AACT	Sept. 30, 2025	282,079	$3,195,955	No longer tracked
IMO	Sept. 30, 2025	40,000	$3,179,200	No longer tracked
COOP	Dec. 31, 2025	15,000	$3,161,850	No longer tracked
NHICU	June 30, 2025	311,335	$3,128,917	No longer tracked
CCCXU	Sept. 30, 2025	300,000	$3,090,000	No longer tracked
CEPT	June 30, 2026	279,994	$3,049,135	No longer tracked
BDCIU	Dec. 31, 2025	300,000	$3,030,000	1.5%
AXP	June 30, 2026	10,000	$3,024,800	-10.1%
CYBR	March 31, 2026	6,748	$3,010,013	No longer tracked
PKST	March 31, 2026	209,114	$3,000,786	No longer tracked
NKE	March 31, 2026	47,000	$2,994,370	-35.7%
VOO	June 30, 2026	5,000	$2,987,750	3.7%
ALF	Sept. 30, 2025	282,839	$2,975,466	3.5%
PDS	Dec. 31, 2025	51,600	$2,908,176	22.7%
OMC	Dec. 31, 2025	35,000	$2,853,550	-6.8%
LATAU	Dec. 31, 2025	282,100	$2,815,358	2.5%
ELE	June 30, 2026	106,256	$2,782,845	3.6%
SBXD	Sept. 30, 2025	249,209	$2,731,331	No longer tracked
FYBR	March 31, 2026	71,074	$2,705,787	No longer tracked
GLNG	June 30, 2026	50,000	$2,705,500	-0.2%
PCAPU	Sept. 30, 2025	251,303	$2,693,968	-0.3%
ITB	March 31, 2026	27,000	$2,600,100
CEPO	Sept. 30, 2025	217,896	$2,592,962	2.8%
HYAC	March 31, 2026	226,442	$2,576,910	No longer tracked
CGCT	March 31, 2026	250,000	$2,575,000	No longer tracked
ECVT	June 30, 2026	200,000	$2,572,000	-16.7%
TLN	Dec. 31, 2025	6,000	$2,552,280	-11.5%
LOKVU	June 30, 2025	250,000	$2,520,000	No longer tracked
BACCU	Sept. 30, 2025	249,900	$2,508,996	8.1%
TMTSU	June 30, 2026	250,000	$2,507,500	1.2%
TACH	Sept. 30, 2025	245,600	$2,465,824	4.1%
SBXEU	March 31, 2026	243,400	$2,448,604	No longer tracked
WDC	June 30, 2025	59,279	$2,396,650	590.2%
WENNU	Sept. 30, 2025	226,317	$2,392,171	2.0%
ABNB	June 30, 2025	20,000	$2,389,200	24.0%
SEMR	June 30, 2026	200,000	$2,388,000	No longer tracked
CVNA	June 30, 2025	11,000	$2,299,880	-81.1%
WLAC	Dec. 31, 2025	196,853	$2,279,558	No longer tracked
CFLT	March 31, 2026	74,997	$2,267,909	No longer tracked
HOOD	March 31, 2026	20,000	$2,262,000	64.7%
CAEP	June 30, 2026	217,767	$2,245,178	No longer tracked
GLXY	Sept. 30, 2025	75,000	$2,236,500	-33.0%
AAPL	June 30, 2025	10,000	$2,221,300	62.3%
DAAQ	March 31, 2026	218,397	$2,218,913	2.0%
DIS	June 30, 2025	22,429	$2,213,742	-16.5%
IJR	Sept. 30, 2025	20,000	$2,185,800	16.4%
VFC	Dec. 31, 2025	149,100	$2,151,513	-21.1%
SIMA	Sept. 30, 2025	205,292	$2,139,143	5.3%
TACO	June 30, 2026	208,300	$2,135,075	-0.3%
SAND	Dec. 31, 2025	170,000	$2,128,400	No longer tracked
BRR	Sept. 30, 2025	200,000	$2,124,000	No longer tracked
SKGR	June 30, 2025	172,857	$2,108,855	No longer tracked
FND	Dec. 31, 2025	28,500	$2,100,450	-23.6%
PRCH	June 30, 2026	291,564	$2,090,514	15.4%
AMTM	June 30, 2026	80,000	$2,086,400	-11.8%
XME	March 31, 2026	20,000	$2,072,200	-0.2%
LPLA	Dec. 31, 2025	6,115	$2,034,399	-7.1%
ADP	June 30, 2026	10,000	$2,031,800	16.2%
BCSSU	Dec. 31, 2025	200,000	$2,018,000	No longer tracked
HACQU	June 30, 2026	200,000	$2,006,000	0.3%
VHCPU	March 31, 2026	200,000	$2,004,000	1.7%
SVAQU	March 31, 2026	200,000	$1,988,000	4.6%
EMISU	Dec. 31, 2025	197,553	$1,971,579	No longer tracked
TFII	June 30, 2025	25,393	$1,966,688	28.0%
PLMK	June 30, 2025	195,699	$1,964,818	4.0%
CCJ	Dec. 31, 2025	23,000	$1,928,780	-4.4%
BBY	June 30, 2026	30,000	$1,926,000	15.2%
APTV	June 30, 2026	27,656	$1,920,433	-28.5%
WIX	Sept. 30, 2025	12,004	$1,902,154	-58.3%
PCAP	June 30, 2026	179,990	$1,834,098	1.2%
AIQ	June 30, 2025	50,000	$1,819,000
AXINU	Sept. 30, 2025	177,159	$1,787,534	5.0%
CSIQ	March 31, 2026	75,000	$1,782,750	-19.2%
DCBO	March 31, 2026	76,910	$1,707,402	35.5%
BA	June 30, 2025	10,000	$1,705,500	-8.0%
PSTG	March 31, 2026	25,102	$1,682,085	No longer tracked
NETD	Dec. 31, 2025	150,000	$1,681,500	No longer tracked
BTU	Sept. 30, 2025	125,000	$1,677,500	-3.8%
INTC	Dec. 31, 2025	50,000	$1,677,500	214.9%
SYF	March 31, 2026	20,000	$1,668,600	5.7%
NVT	June 30, 2026	13,980	$1,653,554	-1.4%
TXRH	June 30, 2026	10,000	$1,651,400	-17.7%
VRMTF	June 30, 2026	124,800	$1,647,360	No longer tracked
MATX	June 30, 2026	10,000	$1,639,400	20.0%
CAVA	June 30, 2026	20,000	$1,618,000	-31.1%
XLI	June 30, 2026	10,000	$1,617,300	-8.2%
BKR	Dec. 31, 2025	33,000	$1,607,760	26.0%
ENPH	Sept. 30, 2025	40,000	$1,586,000	-5.5%
CHECU	Dec. 31, 2025	156,706	$1,563,926	4.6%
PPTA	June 30, 2025	142,901	$1,527,612	67.5%
FERA	Sept. 30, 2025	150,000	$1,522,500	3.8%
PEP	June 30, 2025	10,000	$1,499,400	-4.8%
FACT	June 30, 2025	149,498	$1,497,970	4.2%
MZYXU	June 30, 2026	150,000	$1,491,000	No longer tracked
NVRI	March 31, 2026	82,987	$1,487,127	No longer tracked
IACOU	June 30, 2026	150,000	$1,486,500	0.3%
DKS	Sept. 30, 2025	7,500	$1,483,575	-38.3%
EVOX	March 31, 2026	150,000	$1,480,500	1.7%
FL	Sept. 30, 2025	60,000	$1,470,000	No longer tracked
INVH	Dec. 31, 2025	50,000	$1,466,500	-6.2%
DSACU	March 31, 2026	143,620	$1,441,945	2.7%
FLYYQ	Sept. 30, 2025	287,976	$1,437,000	No longer tracked
GRND	June 30, 2025	80,000	$1,432,000	-40.4%
DBX	Sept. 30, 2025	50,000	$1,430,000	13.8%
SWK	June 30, 2026	20,000	$1,421,200	-4.7%
LWACU	March 31, 2026	139,300	$1,420,860	1.5%
OC	Sept. 30, 2025	10,000	$1,375,200	-17.0%
JACS	June 30, 2025	136,000	$1,368,160	5.1%
MGA	June 30, 2025	40,000	$1,359,600	68.1%
AVGO	Sept. 30, 2025	4,854	$1,338,005	9.9%
HUN	June 30, 2026	100,000	$1,331,000	-16.8%
WGMI	Dec. 31, 2025	30,000	$1,327,200
CARS	June 30, 2026	163,259	$1,325,663	-11.3%
VRN	June 30, 2025	137,500	$1,309,000	No longer tracked
MCGAU	Sept. 30, 2025	115,000	$1,293,750	-5.7%
XLU	March 31, 2026	30,000	$1,280,700	No longer tracked
GGG	June 30, 2026	15,000	$1,269,750	4.3%
APAD	March 31, 2026	125,000	$1,256,250	No longer tracked
GDEN	June 30, 2026	46,937	$1,252,749	No longer tracked
AGS	Sept. 30, 2025	99,918	$1,247,976	No longer tracked
RANG	June 30, 2026	118,150	$1,241,757	1.5%
MU	Sept. 30, 2025	10,000	$1,232,500	535.9%
CHAC	March 31, 2026	113,825	$1,225,895	No longer tracked
CPRI	Dec. 31, 2025	61,357	$1,222,231	-40.6%
HCC	June 30, 2025	25,000	$1,193,000	101.4%
CNR	June 30, 2026	11,375	$1,191,304	13.7%
INSP	Sept. 30, 2025	9,100	$1,180,907	-4.6%
INFQ	June 30, 2026	120,000	$1,177,200	-5.0%
ASTS	Sept. 30, 2025	25,000	$1,168,250	19.1%
CCIX	March 31, 2026	108,850	$1,157,076	No longer tracked
AACB	Sept. 30, 2025	112,006	$1,133,501	No longer tracked
AACBU	June 30, 2025	112,006	$1,129,020	No longer tracked
ARES	Dec. 31, 2025	7,000	$1,119,230	-27.5%
DRDB	March 31, 2026	107,090	$1,116,949	2.4%
EQH	June 30, 2026	30,000	$1,113,300	23.1%
OUT	Dec. 31, 2025	60,435	$1,107,169	19.9%
UPS	June 30, 2025	10,000	$1,099,900	-7.7%
DNMX	June 30, 2026	110,866	$1,099,791	0.8%
CUBE	March 31, 2026	30,100	$1,085,105	1.5%
TLT	June 30, 2026	12,366	$1,072,009
HLXB	Sept. 30, 2025	100,000	$1,062,000	No longer tracked
CIEN	Sept. 30, 2025	13,013	$1,058,347	167.5%
X	June 30, 2025	25,000	$1,056,500	No longer tracked
FTW	March 31, 2026	100,000	$1,049,000	-11.9%
LOKV	June 30, 2026	100,000	$1,040,000	No longer tracked
EMX	Dec. 31, 2025	201,488	$1,037,663	No longer tracked
DHI	Sept. 30, 2025	8,000	$1,031,360	-21.4%
RDAG	June 30, 2026	100,000	$1,023,000	1.2%
IPCX	June 30, 2026	100,000	$1,022,000	No longer tracked
JBS	Sept. 30, 2025	69,944	$1,021,882	-20.4%
KCHVU	Sept. 30, 2025	100,000	$1,018,000	2.7%
NHC	Sept. 30, 2025	9,500	$1,016,595	No longer tracked
IONQWS	Sept. 30, 2025	32,071	$1,014,726	No longer tracked
VEON	March 31, 2026	19,300	$1,014,601	66.2%
MBVIU	Dec. 31, 2025	100,000	$1,012,000	1.7%
OYSEU	Sept. 30, 2025	100,000	$1,012,000	4.5%
KEYS	June 30, 2025	6,755	$1,011,696	134.5%
APXTU	June 30, 2026	100,000	$1,009,000	-0.3%
SACU	March 31, 2026	100,000	$1,009,000	No longer tracked
CEG	June 30, 2025	5,000	$1,008,150	-17.1%
HVMC	June 30, 2026	100,000	$1,005,000	1.3%
MBVI	June 30, 2026	100,000	$1,005,000	1.0%
MLAC	June 30, 2025	100,000	$1,005,000	No longer tracked
KRAQU	June 30, 2026	100,000	$1,001,000	0.0%
LFACU	March 31, 2026	100,000	$1,001,000	1.3%
BLRKU	March 31, 2026	100,000	$1,000,000	1.7%
AEAQU	March 31, 2026	100,000	$999,000	1.1%
LEGOU	June 30, 2026	100,000	$998,000	No longer tracked
LPCVU	March 31, 2026	100,000	$998,000	1.3%
RNGT	March 31, 2026	100,000	$998,000	1.9%
ADACU	March 31, 2026	100,000	$997,000	5.3%
CAQUU	June 30, 2026	100,000	$996,000	0.1%
LATA	March 31, 2026	100,000	$996,000	2.2%
TOST	June 30, 2025	30,000	$995,100	-32.2%
TRGSU	June 30, 2026	100,000	$995,000	0.3%
TWLVU	March 31, 2026	100,000	$995,000	0.6%
GSHRU	June 30, 2025	99,180	$994,775	3.6%
DSAC	June 30, 2026	100,000	$991,000	0.3%
ZKP	June 30, 2026	100,000	$986,000	0.7%
XLU	June 30, 2025	12,500	$985,625	No longer tracked
SPHR	June 30, 2025	30,000	$981,600	165.1%
SOC	June 30, 2025	38,590	$979,028	-84.2%
NXPI	June 30, 2025	5,120	$973,107	10.7%
QS	June 30, 2026	150,000	$957,000	-38.9%
SPHR	June 30, 2026	8,108	$951,879	-36.0%
THS	March 31, 2026	40,300	$950,677	No longer tracked
GPACU	June 30, 2026	94,300	$943,943	1.0%
NPAC	June 30, 2026	89,644	$919,747	1.5%
MSFT	Dec. 31, 2025	1,750	$906,413	8.6%
ITOS	June 30, 2025	149,678	$893,578	No longer tracked
PLUG	March 31, 2026	450,000	$886,500	-16.4%
CUB	Sept. 30, 2025	83,943	$881,402	3.6%
MPX	June 30, 2026	120,216	$873,970	No longer tracked
MBC	June 30, 2026	105,046	$872,932	-32.2%
TSEM	March 31, 2026	7,411	$870,200	42.2%
SMR	June 30, 2025	60,000	$849,600	-80.6%
SERV	June 30, 2026	100,000	$844,000	-25.8%
CEP	June 30, 2025	78,449	$842,542	No longer tracked
DELL	June 30, 2026	5,000	$820,650	28.0%
TGLS	June 30, 2025	11,394	$815,241	-54.9%
TPICQ	June 30, 2025	1,000,000	$810,000	No longer tracked
BACC	June 30, 2026	79,015	$806,743	-1.1%
CHEC	March 31, 2026	80,760	$805,177	2.1%
BTU	June 30, 2026	24,311	$801,047	10.3%
KVUE	March 31, 2026	46,193	$796,829	0.9%
DRVN	June 30, 2026	62,368	$786,460	-16.4%
LCID	Dec. 31, 2025	32,658	$776,934	-60.5%
PAR	June 30, 2025	12,648	$775,828	-78.9%
XMTR	June 30, 2025	30,000	$747,600	218.7%
NVDA	March 31, 2026	4,000	$746,000	37.0%
NXT	Dec. 31, 2025	10,000	$739,900	-4.8%
IREN	Sept. 30, 2025	50,000	$728,500	-13.7%
PLWS	June 30, 2026	44,114	$725,675	No longer tracked
CWAN	June 30, 2025	27,000	$723,600	No longer tracked
CCCX	March 31, 2026	46,340	$722,904	No longer tracked
CRBG	June 30, 2026	30,000	$715,800	21.7%
KMB	June 30, 2026	7,412	$715,036	-13.1%
CODI	June 30, 2026	90,891	$714,403	3.8%
AGYS	June 30, 2026	10,000	$711,400	-4.8%
OKLO	March 31, 2026	9,900	$710,424	-27.5%
ARKK	Sept. 30, 2025	10,000	$702,900
CNR	Sept. 30, 2025	10,000	$697,400	9.0%
MRK	June 30, 2026	5,684	$683,728	8.6%
HYACWS	June 30, 2026	231,072	$681,662	No longer tracked
RAAQ	June 30, 2026	63,857	$670,498	No longer tracked
RUN	Sept. 30, 2025	81,639	$667,807	-56.0%
MP	Sept. 30, 2025	20,000	$665,400	-30.2%
AES	Dec. 31, 2025	50,000	$658,000	3.9%
SXT	June 30, 2026	7,500	$648,300	4.8%
AEIS	June 30, 2026	2,000	$645,420	-20.3%
SPCE	March 31, 2026	200,000	$642,000	25.5%
FLR	Dec. 31, 2025	15,000	$631,050	27.7%
CLBRWS	Sept. 30, 2025	168,211	$630,791	No longer tracked
CHPG	Sept. 30, 2025	62,780	$627,800	4.5%
PGY	March 31, 2026	30,000	$627,000	57.9%
APLD	March 31, 2026	25,000	$613,000	4.0%
MBAVW	Sept. 30, 2025	349,119	$610,958	No longer tracked
RMBS	June 30, 2025	11,520	$596,506	72.3%
WTGUU	Sept. 30, 2025	59,000	$595,310	11.6%
TVAIU	Sept. 30, 2025	58,271	$592,033	2.6%
HIMS	June 30, 2025	20,000	$591,000	-40.5%
NHI	June 30, 2025	8,000	$590,880	-7.3%
WY	June 30, 2025	20,000	$585,600	-28.0%
CERT	June 30, 2025	58,951	$583,615	-13.9%
BTDR	March 31, 2026	50,000	$560,500	26.4%
OWL	Sept. 30, 2025	29,000	$557,090	-47.0%
NBIS	June 30, 2025	26,065	$550,232	320.3%
SCS	Dec. 31, 2025	31,322	$538,738	No longer tracked
CRNC	March 31, 2026	50,000	$534,500	26.8%
LEGT	Dec. 31, 2025	49,748	$534,294	No longer tracked
PLYM	March 31, 2026	24,204	$529,583	No longer tracked
CLNE	March 31, 2026	250,000	$525,000	-37.1%
JOBYWS	Sept. 30, 2025	217,107	$521,057	No longer tracked
FFBC	June 30, 2026	18,068	$503,736	-6.9%
ITHAU	March 31, 2026	50,000	$499,000	1.7%
ALDF	June 30, 2025	49,297	$498,393	3.1%
CEVA	June 30, 2025	18,952	$485,361	66.8%
CWH	June 30, 2025	30,000	$484,800	-73.5%
IMSR	June 30, 2026	80,000	$480,800	-47.0%
HLT	Dec. 31, 2025	1,818	$471,662	10.1%
ZETA	Sept. 30, 2025	30,000	$464,700	65.5%
WOLF	June 30, 2025	150,000	$459,000
CAMT	March 31, 2026	4,000	$425,400	6.9%
AMAT	June 30, 2026	1,238	$423,136	-25.0%
RGTI	June 30, 2026	30,000	$421,200	-21.6%
VPG	March 31, 2026	10,900	$419,650	79.8%
HONDW	Sept. 30, 2025	177,489	$417,099	No longer tracked
STKL	June 30, 2026	64,304	$416,690	No longer tracked
KGC	June 30, 2025	33,000	$416,130	50.9%
PATH	June 30, 2025	40,000	$412,000	2.8%
MARA	June 30, 2026	50,000	$408,000	-19.6%
ETHM	June 30, 2025	40,992	$407,870	No longer tracked
ROK	March 31, 2026	1,039	$404,244	26.8%
BBU	Dec. 31, 2025	8,700	$397,155	No longer tracked
TER	June 30, 2026	1,300	$385,398	-8.1%
AMKR	June 30, 2026	8,306	$374,019	-36.6%
ACRE	March 31, 2026	77,377	$369,862	-22.9%
CCIRW	Sept. 30, 2025	183,586	$367,172	No longer tracked
RRX	Dec. 31, 2025	2,496	$358,026	14.9%
TSSI	March 31, 2026	50,000	$353,500	-22.8%
SKGRW	June 30, 2025	539,612	$350,748	No longer tracked
AACTWS	Sept. 30, 2025	308,753	$339,628	No longer tracked
SOUN	June 30, 2025	40,000	$324,800	-45.2%
BMEZ	June 30, 2025	20,830	$310,367	16.0%
CNQ	June 30, 2025	10,000	$308,000	53.9%
NNAVW	June 30, 2026	48,080	$304,346	No longer tracked
FACTU	Sept. 30, 2025	30,000	$300,000	4.1%
CSGS	June 30, 2026	3,723	$297,617	No longer tracked
BBBY	Dec. 31, 2025	30,000	$293,700	No longer tracked
FORR	June 30, 2026	50,178	$284,007	33.5%
OWL	June 30, 2026	30,000	$273,900	2.5%
TAC	Sept. 30, 2025	25,000	$269,750	-8.8%
KLIC	June 30, 2026	4,100	$269,452	-26.2%
BACQR	March 31, 2026	348,231	$257,691	No longer tracked
BTX	Sept. 30, 2025	34,843	$255,748	40.0%
WGMI	June 30, 2025	20,000	$255,400
FG	June 30, 2026	10,000	$253,200	-17.2%
CII	March 31, 2026	10,682	$249,638	14.5%
OBDC	June 30, 2026	22,500	$248,850	-6.4%
HHH	March 31, 2026	3,000	$239,310	13.3%
FTWWS	March 31, 2026	488,712	$234,582	No longer tracked
PTA	June 30, 2025	11,967	$232,638	-13.9%
DMYY	June 30, 2025	20,000	$223,400	No longer tracked
OXLC	Dec. 31, 2025	12,868	$217,855	-39.0%
ASGI	March 31, 2026	9,425	$210,743	-13.5%
SVIWF	Dec. 31, 2025	159,239	$207,011	No longer tracked
STLD	March 31, 2026	1,200	$203,340	33.6%
FWRD (filed as FWRDXXXX)	June 30, 2025	10,000	$200,900	-38.6%
PTA	Dec. 31, 2025	9,804	$200,100	-11.8%
SCPQU	March 31, 2026	20,000	$200,000	2.9%
VCICW	Dec. 31, 2025	125,000	$200,000	No longer tracked
LCID (filed as LCIDXXXX)	Sept. 30, 2025	93,595	$197,485	-82.5%
AMC	June 30, 2026	200,000	$196,000	46.8%
SZZL	June 30, 2026	18,479	$189,964	1.2%
BB	March 31, 2026	50,000	$189,500	180.2%
WEN	Dec. 31, 2025	20,000	$183,200	-26.8%
QBTS	June 30, 2025	24,000	$182,400	No longer tracked
SPE	June 30, 2025	11,878	$178,408	-18.7%
CHACR	March 31, 2026	215,769	$172,615	No longer tracked
RGTI	June 30, 2025	20,000	$158,400	27.7%
SVACW	June 30, 2026	134,299	$139,671	No longer tracked
TEAF	Dec. 31, 2025	11,119	$130,759	No longer tracked
LOKVW	June 30, 2026	90,700	$129,701	No longer tracked
IROHR	Sept. 30, 2025	249,454	$124,727	No longer tracked
ETHMW	Sept. 30, 2025	296,022	$115,449	No longer tracked
NPWR	June 30, 2025	43,125	$113,419	-47.8%
NETDW	Dec. 31, 2025	375,583	$105,163	No longer tracked
USARW	Sept. 30, 2025	44,142	$105,058	No longer tracked
NWAXU	March 31, 2026	10,000	$104,100	No longer tracked
LEGTWS	June 30, 2026	207,873	$103,936	No longer tracked
QUBT	March 31, 2026	10,000	$102,600	15.9%
MOBBW	March 31, 2026	31,140	$100,271	-45.0%
NIOBW	March 31, 2026	50,100	$93,186	-65.0%
APADR	June 30, 2026	199,400	$89,730	No longer tracked
TDOC	Sept. 30, 2025	10,000	$87,100	-25.1%
OPENW	June 30, 2026	142,462	$85,477	-75.8%
OXLC (filed as OXLCXXXX)	Sept. 30, 2025	20,000	$84,000	-47.3%
CCCXW	March 31, 2026	10,567	$81,366	No longer tracked
FERAR	Sept. 30, 2025	306,680	$76,670
EVC	June 30, 2026	24,919	$74,009	-45.4%
GENVR	June 30, 2026	155,535	$73,101	-31.2%
HPAI	Sept. 30, 2025	29,152	$69,965	-91.4%
DVS	March 31, 2026	14,089	$62,132	No longer tracked
BSIIW	June 30, 2025	262,382	$57,724	No longer tracked
SKYHWS	June 30, 2026	73,619	$51,533	No longer tracked
GCMGW	Sept. 30, 2025	79,780	$51,059	No longer tracked
NTWOW	March 31, 2026	198,253	$49,563	415.7%
PEWWS	March 31, 2026	129,857	$49,346	No longer tracked
SVIIR	Dec. 31, 2025	94,300	$49,036	No longer tracked
IPEXR	Sept. 30, 2025	178,617	$48,227	No longer tracked
KDKRW	June 30, 2026	41,764	$45,105	-58.1%
VACHW	June 30, 2025	293,200	$43,980	No longer tracked
BCARW	June 30, 2026	73,465	$43,344	No longer tracked
OPFIWS	June 30, 2025	18,799	$40,982	No longer tracked
MODVQ	June 30, 2025	30,000	$39,600	No longer tracked
BBCQW	June 30, 2026	41,666	$39,583	No longer tracked
SRTAW	Dec. 31, 2025	175,280	$36,809	No longer tracked
WLACW	June 30, 2026	11,420	$33,118	No longer tracked
BZAIW	June 30, 2025	169,985	$32,297
GCMG	Dec. 31, 2025	59,780	$31,683	16.4%
GIWWR	March 31, 2026	100,000	$31,000	0.0%
MLACR	June 30, 2026	113,489	$29,507	No longer tracked
SAFX	Sept. 30, 2025	33,332	$29,332	-77.1%
RAAQW	March 31, 2026	67,110	$28,857	No longer tracked
SPKLW	June 30, 2026	160,220	$28,840	281.5%
OPENZ	March 31, 2026	69,434	$27,774	-68.5%
XPL	Sept. 30, 2025	38,554	$25,060	No longer tracked
PLMKW	June 30, 2025	150,000	$24,000
BRRWW	Dec. 31, 2025	19,370	$23,244	No longer tracked
GETY	Sept. 30, 2025	13,789	$22,890	No longer tracked
AAMWS	March 31, 2026	125,000	$21,250	No longer tracked
POLEW	June 30, 2025	111,237	$20,023
OAKUW	March 31, 2026	500,340	$20,014	No longer tracked
GPATW	June 30, 2026	121,798	$17,052	-62.7%
TGEWS	Dec. 31, 2025	129,911	$16,888	No longer tracked
VEEAW	Dec. 31, 2025	182,090	$12,746
JVSAR	Sept. 30, 2025	14,387	$12,517	No longer tracked
GIGGW	June 30, 2026	33,941	$10,861	No longer tracked
OPENL	March 31, 2026	19,134	$9,950	-67.5%
ATMCW	March 31, 2026	141,606	$9,912	No longer tracked
KIDZW	Sept. 30, 2025	74,888	$9,735
CHEBWS	Sept. 30, 2025	103,560	$9,320	No longer tracked
CGCTW	June 30, 2026	14,091	$9,159	No longer tracked
WTGUR	March 31, 2026	57,800	$8,670	-13.3%
ANSCW	Sept. 30, 2025	55,589	$8,338	No longer tracked
BSLKW	Sept. 30, 2025	261,977	$7,859	No longer tracked
BOWNR	June 30, 2025	29,596	$7,695	No longer tracked
SEATW	Sept. 30, 2025	53,525	$7,494	-80.0%
IBACR	Sept. 30, 2025	110,178	$4,407
DTSQR	Sept. 30, 2025	31,225	$3,435
ESHAR	June 30, 2026	22,379	$2,238	No longer tracked
FORLW	Dec. 31, 2025	55,548	$2,222	No longer tracked
PITAW	June 30, 2025	214,336	$2,143	No longer tracked
MRNOW	March 31, 2026	69,690	$2,091	-92.9%

Person profile: K2 PRINCIPAL FUND, L.P.