K2 Principal Fund, L.P. Portfolio Stock Holdings

According to the SEC 13F filed on August 7, 2026, K2 Principal Fund, L.P. disclosed 103 stock positions valued at approximately $1.09B as of quarter-end June 30, 2026. The largest holdings include PENNYMAC FINL SVCS INC NEW, SPDR GOLD TR, and BOX INC.

Report Period
June 30, 2026
No. of Stocks
103
Portfolio Value
$1.09B
Holdings by Sector
K2 Principal Fund, L.P. Portfolio Holdings in Q2 2026
CompanySymbolSectorPortfolio %SharesChange (Shares)Change %Value
PENNYMAC FINL SVCS INC NEWPFSIFinancial Services1.28%159,766+78,764+97.24%$13,915,618
SPDR GOLD TRGLDOther1.09%32,180+17,577+120.37%$11,854,469
BOX INCBXCAPOther0.90%10,000--$9,779,000
ALPHABET INCGOOGCommunication Services0.87%26,773-6,432-19.37%$9,459,704
SUNOCOCORP LLCSUNCOther0.76%122,821+17,731+16.87%$8,311,297
DAUCH CORPAXLConsumer Cyclical0.65%1,297,209+112,291+9.48%$7,030,873
BORGWARNER INCBWAConsumer Cyclical0.62%101,430+101,430+100.00%$6,734,952
COLLIERS INTL GROUP INCCIGIReal Estate0.60%69,557+69,557+100.00%$6,523,751
APPLOVIN CORPAPPTechnology0.52%11,079+1,011+10.04%$5,708,233
FIRST SOLAR INCFSLRTechnology0.51%23,500-9,000-27.69%$5,545,060
RAYONIER ADVANCED MATLS INCRYAMBasic Materials0.44%615,738+295,338+92.18%$4,839,701
NORFOLK SOUTHN CORPNSCIndustrials0.43%14,991+900+6.39%$4,716,019
REDDIT INCRDDTCommunication Services0.43%26,913+9,307+52.86%$4,671,559
SKYWATER TECHNOLOGY INCSKYTTechnology0.42%130,705+76,052+139.15%$4,551,148
KENVUE INCKVUEConsumer Defensive0.40%229,093+182,900+395.95%$4,377,967
MICROSOFT CORPMSFTTechnology0.40%11,638+5,638+93.97%$4,341,207
RE/MAX HLDGS INCRMAXReal Estate0.39%434,766+434,766+100.00%$4,286,793
ISHARES BITCOIN TRUST ETFIBITOther0.37%122,542-11,280-8.43%$4,079,423
GREENFIRE RES LTD NEWGFREnergy0.37%720,740+64,300+9.80%$4,072,181
PAPA JOHNS INTL INCPZZAConsumer Cyclical0.37%109,300+36,100+49.32%$4,018,961
EVOLV TECHNOLOGIES HLDNGS INEVLVIndustrials0.35%663,392+663,392+100.00%$3,847,674
XPONENTIAL FITNESS INCXPOFConsumer Cyclical0.34%537,923-62,077-10.35%$3,722,427
IMAX CORPIMAXCommunication Services0.34%93,100+93,100+100.00%$3,710,966
METALLA RTY STREAMING LTDMTABasic Materials0.34%479,760+398,000+486.79%$3,650,974
UNIQURE NVQUREOther0.33%78,601-39,999-33.73%$3,620,362
ABIVAX SAABVXHealthcare0.30%24,403-29,338-54.59%$3,251,944
ARS PHARMACEUTICALS INCSPRYHealthcare0.28%375,132-184,565-32.98%$3,004,807
DIGITALBRIDGE GROUP INCDBRGReal Estate0.28%190,000--$2,998,200
CORE SCIENTIFIC INC NEWCORZWTechnology0.27%158,192--$2,974,009
ASML HLDG NVASMLOther0.27%1,464-36-2.40%$2,912,540
Showing 30 of 103 holdings in the latest reporting period.
K2 Principal Fund, L.P. Options Holdings in Q2 2026
QuarterSymbolCompanyOptionContractsNotional Value
Q2 2026GLDSPDR Gold TrustCALL148,600$54,741,269
Q2 2026GLDSPDR Gold TrustPUT62,000$22,839,560
Q2 2026GDXJVanEck Junior Gold Miners ETFPUT195,000$19,158,750
Q2 2026COPXGlobal X Copper Miners ETFPUT180,000$13,854,600
Q2 2026SPYSPDR S&P 500PUT15,900$11,873,643
Q2 2026SLViShares Silver TrustCALL217,500$11,629,725
Q2 2026ABVXAbivax SACALL85,100$11,340,426
Q2 2026FCXFreeport-McMoRan, Inc.PUT176,400$11,093,796
Q2 2026EAElectronic Arts Inc.PUT50,500$10,354,520
Q2 2026IJRiShares Core S&P Small-Cap ETFCALL66,000$9,788,460
Q2 2026SPYSPDR S&P 500CALL10,900$8,139,793
Q2 2026FREYFREYR Battery, Inc.CALL694,500$6,583,860
Q2 2026EFAiShares MSCI EAFE ETFPUT60,000$6,232,800
Q2 2026GDXJVanEck Junior Gold Miners ETFCALL60,600$5,953,950
Q2 2026USOUnited States Oil FundCALL50,000$5,322,000
Q2 2026QQQInvesco QQQ Trust, Series 1CALL7,000$5,154,800
Q2 2026GMEGameStop CorporationPUT200,000$4,416,000
Q2 2026AXLAmerican Axle & Manufacturing HCALL790,300$4,283,426
Q2 2026BTIBritish American Tobacco IndusCALL50,000$3,088,000
Q2 2026CORZCore Scientific, Inc.CALL100,000$2,559,000
Q2 2026COPXGlobal X Copper Miners ETFCALL30,000$2,309,100
Q2 2026QUREuniQure N.V.CALL50,000$2,303,000
Q2 2026CORNTeucrium Corn Fund ETVCALL125,000$2,093,750
Q2 2026PZZAPapa John's International, Inc.CALL55,000$2,022,350
Q2 2026SLViShares Silver TrustPUT37,000$1,978,390
Q2 2026TPGTPG Inc.CALL48,000$1,946,400
Q2 2026XPOFXponential Fitness, Inc.CALL271,000$1,875,320
Q2 2026EVLVEvolv Technologies Holdings, InCALL318,900$1,849,620
Q2 2026DANDana IncorporatedCALL67,000$1,823,070
Q2 2026WWayfair Inc.PUT17,000$1,571,140
Showing 30 of 71 options positions in the latest reporting period.

Notional value represents the total exposure of the options position.