K2 PRINCIPAL FUND, L.P. Q1 2016 Filing

Filed May 12, 2016

Portfolio Value

$732.9M

Holdings

178

Report Date

Q1 2016

Filing Type

13F-HR

All Holdings (178 positions)

#	Stock	Shares	Value	% Portfolio	Type
1	—POWERSHARES QQQ TRUST	887,000	$96.9M	13.22%	Put
2	GOOGLALPHABET INC CAP STK	51,163	$39.0M	5.33%	Put
3	—PROSHARES TR II	184,700	$36.5M	4.98%	Put
4	XLFSELECT SECTOR SPDR TR	1,013,100	$22.8M	3.11%	Call
5	CAMCAMERON INTERNATIONAL CORP	332,477	$22.3M	3.04%
6	—TIME WARNER CABLE INC	92,130	$18.9M	2.57%	Put
7	SMHUSDMARKET VECTORS ETF TR	290,000	$16.0M	2.18%	Put
8	—JARDEN CORP	269,933	$15.9M	2.17%
9	PYPLPAYPAL HLDGS INC	354,500	$13.7M	1.87%	Put
10	—YAHOO INC	368,873	$13.6M	1.85%
11	SPYSPDR S&P 500 ETF TR	65,000	$13.4M	1.82%	Put
12	—NEW YORK REIT INC	1,305,816	$13.2M	1.80%	Call
13	—YOUKU TUDOU INC	474,706	$13.1M	1.78%
14	FXIISHARES TR	362,400	$12.2M	1.67%	Put
15	—CYPRESS SEMICONDUCTOR CORP	1,371,000	$11.9M	1.62%	Call
16	TSLATESLA MTRS INC	48,500	$11.1M	1.52%	Put
17	—MYLAN N V	228,200	$10.6M	1.44%	Put
18	INGMINGRAM MICRO INC	285,207	$10.2M	1.40%
19	—COLUMBIA PIPELINE GROUP INC	401,669	$10.1M	1.38%
20	—ALERE INC	198,523	$10.0M	1.37%
21	—ALLERGAN PLC	34,410	$9.2M	1.26%
22	—HARMONY MERGER CORP	900,000	$8.9M	1.22%
23	NXPINXP SEMICONDUCTORS N V	106,000	$8.6M	1.17%	Put
24	—SHORETEL INC	1,135,583	$8.4M	1.15%
25	FDO.FMACYS INC	186,000	$8.2M	1.12%	Call
26	—STARWOOD HOTELS&RESORTS WRLD	96,100	$8.0M	1.09%
27	MSFTMICROSOFT CORP	139,036	$7.7M	1.05%
28	—SILVER WHEATON CORP	449,000	$7.4M	1.02%	Put
29	—SILVER RUN ACQUISITION CORP	700,000	$7.2M	0.99%
30	AAPLAPPLE INC	62,421	$6.8M	0.93%
31	—CLECO CORP NEW	122,134	$6.7M	0.92%
32	—AMERICAN CAP LTD	440,548	$6.7M	0.92%
33	TNADIREXION SHS ETF TR	108,300	$6.3M	0.86%	Put
34	—HARMONY MERGER CORP	600,000	$6.2M	0.84%
35	SHLDEURSEARS HLDGS CORP	395,261	$6.1M	0.83%	Put
36	—PINNACLE ENTMT INC	169,036	$5.9M	0.81%
37	—KLR ENERGY ACQUISITION CORP	500,000	$5.0M	0.68%
38	—FAIRCHILD SEMICONDUCTOR INTL	245,000	$4.9M	0.67%
39	—IHS INC	38,227	$4.7M	0.65%
40	GILDGILEAD SCIENCES INC	48,110	$4.4M	0.60%	Put
41	—PHOENIX COS INC NEW	109,819	$4.0M	0.55%
42	MRVLMARVELL TECHNOLOGY GROUP LTD ORD	377,063	$3.9M	0.53%
43	SLVISHARES SILVER TRUST ISHARES	260,000	$3.8M	0.52%	Put
44	—ANCHOR BANCORP WIS INC DEL	83,013	$3.7M	0.51%
45	TQQQPROSHARES TR	35,600	$3.6M	0.50%	Put
46	MARMARRIOTT INTL INC NEW	50,000	$3.6M	0.49%	Put
47	—POLYCOM INC	300,443	$3.4M	0.46%	Put
48	BGCPEURBGC PARTNERS INC	367,814	$3.3M	0.45%
49	CMICUMMINS INC	30,000	$3.3M	0.45%	Put
50	—ELECTRUM SPL ACQUISITION COR	331,397	$3.2M	0.44%
51	TXNTEXAS INSTRS INC	55,500	$3.2M	0.43%	Put
52	—DIREXION SHS ETF TR	244,000	$3.1M	0.42%	Put
53	UHALAMERCO	8,565	$3.1M	0.42%
54	CDECOEUR MNG INC	541,500	$3.0M	0.42%	Put
55	—DOUBLE EAGLE ACQUISITION COR	305,451	$3.0M	0.40%
56	—BANK OF THE OZARKS INC	69,400	$2.9M	0.40%	Put
57	—BIOTIE THERAPIES OYJ	109,381	$2.9M	0.39%
58	WDCWESTERN DIGITAL CORP	60,567	$2.9M	0.39%	Put
59	AXPAMERICAN EXPRESS CO	45,000	$2.8M	0.38%	Call
60	CVCEURCABLEVISION SYS CORP	82,951	$2.7M	0.37%
61	—DIREXION SHS ETF TR	45,500	$2.7M	0.36%	Put
62	XLKSELECT SECTOR SPDR TR	60,000	$2.7M	0.36%
63	—QIHOO 360 TECHNOLOGY CO LTD	35,195	$2.7M	0.36%
64	—CSRA INC	98,500	$2.6M	0.36%
65	—GP INVTS ACQUISITION COR	270,000	$2.6M	0.36%
66	PENNPENN NATL GAMING INC	156,700	$2.6M	0.36%	Put
67	STTSPDR SERIES TRUST	74,000	$2.5M	0.35%	Put
68	—THE ADT CORPORATION	59,809	$2.5M	0.34%
69	BKRBAKER HUGHES INC	55,376	$2.4M	0.33%
70	ILFISHARES TR	94,167	$2.4M	0.32%	Put
71	IGTINTERNATIONAL GAME TECHNOLOG SHS USD	127,500	$2.3M	0.32%	Put
72	GOOGALPHABET INC CAP STK	3,000	$2.2M	0.30%	Call
73	SJNKSPDR SER TR	85,500	$2.2M	0.30%	Put
74	TRVCCITIGROUP INC	50,000	$2.1M	0.28%	Call
75	—HEARTLAND PMT SYS INC	20,900	$2.0M	0.28%
76	—TERRAPIN 3 ACQUISITION CORP COM	201,766	$2.0M	0.27%
77	PFEPFIZER INC	66,900	$2.0M	0.27%	Call
78	—QUINPARIO ACQUISITION CORP 2	201,806	$2.0M	0.27%
79	—BAXALTA INC	48,700	$2.0M	0.27%
80	—POWERSECURE INTL INC	100,000	$1.9M	0.26%
81	HONHONEYWELL INTL INC	16,610	$1.9M	0.25%	Put
82	NGNOVAGOLD RES INC	357,900	$1.8M	0.25%	Put
83	—FIRST NIAGARA FINL GP INC	184,619	$1.8M	0.24%
84	—C1 FINL INC	72,964	$1.8M	0.24%
85	XPOXPO LOGISTICS INC	55,000	$1.7M	0.23%	Put
86	DKSDICKS SPORTING GOODS INC	35,800	$1.7M	0.23%	Call
87	MXIMMAXIM INTEGRATED PRODS INC	45,310	$1.7M	0.23%
88	DVNDEVON ENERGY CORP NEW	60,000	$1.6M	0.22%	Put
89	—WL ROSS HLDG CORP	159,410	$1.6M	0.22%
90	GSGOLDMAN SACHS GROUP INC	10,000	$1.6M	0.21%	Call
91	CLBCORE LABORATORIES N V	13,914	$1.6M	0.21%
92	NFLXNETFLIX INC	15,000	$1.5M	0.21%	Put
93	UAAUNDER ARMOUR INC	18,000	$1.5M	0.21%	Put
94	GLPIGAMING & LEISURE PPTYS INC	47,700	$1.5M	0.20%	Put
95	SLVISHARES SILVER TRUST	100,000	$1.5M	0.20%	Put
96	—COMPUTER SCIENCES CORP	42,500	$1.5M	0.20%
97	LPXLOUISIANA PAC CORP	85,000	$1.5M	0.20%	Put
98	—GAS NAT INC	189,897	$1.4M	0.20%
99	BRK/BBERKSHIRE HATHAWAY INC DEL CL B NEW	9,343	$1.3M	0.18%
100	EGRXEAGLE PHARMACEUTICALS INC	32,000	$1.3M	0.18%	Put

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