K2 PRINCIPAL FUND, L.P.
CIK: 0001461790SEC EDGAR →
Portfolio Value
$1.2B
Holdings
385
As of
Q4 2025
New Positions
109
Closed Positions
65
Top 10 Holdings
| Rank | Stock | Shares | Value | % of Portfolio |
|---|---|---|---|---|
| 1 | EQV VENTURES ACQUISITION COR | 488,712 | $234.0M | 18.85% |
| 2 | — INFLECTION PT ACQUISITION CO | 473,166 | $179.0M | 14.42% |
| 3 | LEGATO MERGER CORP III | 409,167 | $167.0M | 13.45% |
| 4 | A PARADISE ACQUISITION CORP | 650,000 | $162.0M | 13.05% |
| 5 | BOLD EAGLE ACQUISITION CORP | 478,518 | $153.0M | 12.33% |
| 6 | EUREKA ACQUISITION CORP | 326,474 | $124.0M | 9.99% |
| 7 | BERTO ACQUISITION CORP | 336,901 | $124.0M | 9.99% |
| 8 | HENNESSY CAP INVT CORP VII | 394,597 | $110.0M | 8.86% |
| 9 | CAL REDWOOD ACQUISITION CORP | 328,278 | $105.0M | 8.46% |
| 10 | FACT II ACQUISITION CORP | 288,286 | $100.0M | 8.06% |
Quarterly Changes
Top Buys
New Positions (157)
$162.0M · 650K shares
$124.0M · 326K shares
$42.5M · 107K shares
$39.7M · 58K shares
$39.0M · 122K shares
$35.0M · 250K shares
$34.0M · 96K shares
$33.0M · 75K shares
$31.0M · 100K shares
$28.0M · 67K shares
$28.0M · 107K shares
$27.0M · 69K shares
$24.0M · 75K shares
$21.9M · 604K shares
$20.2M · 235K shares
$18.8M · 7K shares
$16.1M · 15K shares
$15.0M · 100K shares
$13.1M · 652K shares
$13.0M · 12K shares
$12.4M · 15K shares
$12.0M · 25K shares
$12.0M · 33K shares
$10.4M · 8K shares
$9.9M · 13K shares
$9.5M · 7K shares
$9.0M · 19K shares
$8.2M · 170K shares
$8.0M · 9K shares
$8.0M · 58K shares
$8.0M · 40K shares
$7.9M · 7K shares
$7.6M · 152K shares
$7.5M · 9K shares
$7.1M · 7K shares
$6.7M · 6K shares
$6.6M · 10K shares
$6.4M · 5K shares
$5.9M · 5K shares
$5.8M · 6K shares
$5.3M · 30K shares
$5.2M · 5K shares
$5.2M · 105K shares
$5.1M · 4K shares
BLUE WTR ACQUISITION CORP. I
$5.0M · 10K shares
$5.0M · 5K shares
$4.8M · 6K shares
$4.7M · 90K shares
$4.4M · 33K shares
$4.4M · 3K shares
$4.3M · 4K shares
$4.3M · 125K shares
$4.3M · 5K shares
$4.2M · 482K shares
$4.2M · 3K shares
$4.1M · 177K shares
$3.9M · 3K shares
$3.7M · 276K shares
$3.6M · 30K shares
$3.6M · 50K shares
$3.5M · 350K shares
$3.5M · 130K shares
$3.4M · 3K shares
$3.2M · 346K shares
$3.0M · 300K shares
$3.0M · 7K shares
$3.0M · 47K shares
$3.0M · 3K shares
$2.9M · 3K shares
$2.7M · 3K shares
$2.6M · 250K shares
$2.4M · 243K shares
$2.4M · 11K shares
$2.3M · 75K shares
$2.3M · 20K shares
$2.1M · 20K shares
$2.0M · 225K shares
$2.0M · 131K shares
$2.0M · 200K shares
SILICON VY ACQUISITION CORP
$2.0M · 200K shares
$1.8M · 75K shares
$1.7M · 25K shares
$1.7M · 20K shares
$1.6M · 10K shares
$1.6M · 170K shares
$1.5M · 148K shares
$1.5M · 83K shares
$1.5M · 150K shares
$1.5M · 150K shares
$1.4M · 144K shares
$1.3M · 30K shares
$1.3M · 125K shares
$1.2M · 118K shares
$1.2M · 200K shares
$1.2M · 114K shares
$1.2M · 120K shares
$1.1M · 11K shares
$1.1M · 30K shares
$1.0M · 102K shares
$1.0M · 100K shares
$1.0M · 19K shares
$1.0M · 100K shares
$1.0M · 100K shares
$1.0M · 100K shares
GENERAL PURP ACQUISITION COR
$1.0M · 100K shares
$1.0M · 100K shares
$1.0M · 100K shares
$999K · 100K shares
$998K · 100K shares
$998K · 100K shares
$997K · 100K shares
$996K · 100K shares
$995K · 100K shares
$953K · 78K shares
$950K · 40K shares
$905K · 1K shares
$805K · 81K shares
$796K · 46K shares
$710K · 10K shares
$693K · 40K shares
$664K · 27K shares
$642K · 200K shares
$627K · 30K shares
$613K · 25K shares
$607K · 7K shares
$560K · 50K shares
$542K · 70K shares
$534K · 50K shares
$525K · 250K shares
$499K · 50K shares
$425K · 4K shares
$418K · 2K shares
$369K · 77K shares
$364K · 8K shares
$355K · 9K shares
$353K · 50K shares
$311K · 2K shares
$242K · 10K shares
SOCIAL COMM PARTNERS CORP
$200K · 20K shares
$189K · 50K shares
$149K · 14K shares
$128K · 10K shares
$104K · 10K shares
$102K · 10K shares
$100K · 31K shares
$100K · 111K shares
$99K · 25K shares
$98K · 116K shares
$93K · 50K shares
$93K · 110K shares
$68K · 117K shares
$67K · 11K shares
$62K · 14K shares
$59K · 10K shares
$57K · 12K shares
$18K · 25K shares
$11K · 14K shares
Closed Positions (94)
$106.5M · 300K shares
NABORS ENERGY TRANSITION COR
$105.2M · 376K shares
$36.8M · 175K shares
$24.0M · 8K shares
$21.5M · 6K shares
$17.6M · 7K shares
$16.9M · 7K shares
$16.9M · 130K shares
$15.4M · 15K shares
$13.8M · 768K shares
MICROSTRATEGY
$13.5M · 15K shares
$12.7M · 182K shares
MARA HOLDINGS
$12.6M · 13K shares
$12.2M · 90K shares
$11.6M · 130K shares
$10.4M · 10K shares
$10.0M · 10K shares
$9.5M · 9K shares
$9.4M · 10K shares
$8.6M · 9K shares
$8.6M · 5K shares
$8.5M · 5K shares
$8.1M · 100K shares
$8.0M · 7K shares
$7.1M · 115K shares
$7.1M · 7K shares
$6.5M · 4K shares
$6.3M · 3K shares
$5.9M · 6K shares
$4.9M · 76K shares
$4.8M · 122K shares
$4.6M · 3K shares
$4.6M · 250K shares
$4.5M · 450K shares
$4.4M · 5K shares
$4.2M · 427K shares
$4.0M · 40K shares
$3.9M · 429K shares
$3.7M · 4K shares
$3.6M · 806K shares
$3.4M · 85K shares
$3.2M · 165K shares
$3.2M · 15K shares
$3.1M · 3K shares
$3.0M · 300K shares
$2.9M · 52K shares
$2.9M · 35K shares
$2.8M · 282K shares
$2.6M · 381K shares
$2.6M · 6K shares
$2.5M · 3K shares
$2.3M · 197K shares
$2.2M · 56K shares
$2.2M · 149K shares
$2.1M · 170K shares
$2.1M · 29K shares
$2.1M · 2K shares
$2.0M · 6K shares
$2.0M · 200K shares
$2.0M · 198K shares
$1.9M · 23K shares
NABORS ENERGY TRANSITION COR
$1.7M · 150K shares
$1.7M · 50K shares
$1.6M · 33K shares
$1.6M · 157K shares
$1.5M · 50K shares
$1.3M · 30K shares
$1.2M · 61K shares
$1.1M · 7K shares
$1.1M · 60K shares
$1.0M · 201K shares
$1.0M · 100K shares
$906K · 2K shares
$854K · 70K shares
$777K · 33K shares
$740K · 10K shares
$674K · 54K shares
$658K · 50K shares
$631K · 15K shares
$539K · 31K shares
$534K · 50K shares
$472K · 2K shares
$397K · 9K shares
$358K · 2K shares
$294K · 30K shares
$218K · 13K shares
$207K · 159K shares
$200K · 10K shares
$200K · 125K shares
$183K · 20K shares
$131K · 11K shares
$49K · 94K shares
$32K · 60K shares
$23K · 19K shares
Sector Breakdown
| Sector | # Holdings | Value | % |
|---|---|---|---|
| Financial Services | 144 | $2.8B | 55.8% |
| Unknown | 114 | $1.3B | 26.6% |
| Technology | 61 | $585.4M | 11.7% |
| Energy | 10 | $141.2M | 2.8% |
| Basic Materials | 12 | $58.5M | 1.2% |
| Consumer Cyclical | 8 | $26.2M | 0.5% |
| Real Estate | 9 | $22.3M | 0.4% |
| Communication Services | 7 | $19.7M | 0.4% |
| Industrials | 11 | $13.5M | 0.3% |
| Utilities | 4 | $10.1M | 0.2% |
| Healthcare | 3 | $7.2M | 0.1% |
| Consumer Defensive | 2 | $1.7M | 0.0% |