K2 PRINCIPAL FUND, L.P. Q3 2025 Filing
Filed November 13, 2025
Portfolio Value
$1.2T
Holdings
322
Report Date
Q3 2025
Filing Type
13F-HR
All Holdings (322 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | FVRR 0 11/01/25FIVERR INTL LTD | 3,750 | $3.7B | 0.30% | |
| 102 | TIXTTELUS INTL CDA INC | 806,090 | $3.6B | 0.29% | |
| 103 | AEXAAMERICAN EXCEPTIONALISM ACQU | 330,235 | $3.6B | 0.29% | |
| 104 | —HENNESSY CAP INVT CORP VII | 352,579 | $3.6B | 0.29% | |
| 105 | SEISOLARIS ENERGY INFRAS INC | 85,000 | $3.4B | 0.28% | Call |
| 106 | MKSI 1.25 06/01/30MKS INC. | 3,000 | $3.3B | 0.27% | |
| 107 | GOOGALPHABET INC | 13,500 | $3.3B | 0.27% | |
| 108 | RKTROCKET COS INC | 165,000 | $3.2B | 0.26% | Put |
| 109 | 07WAMR COOPER GROUP INC | 15,000 | $3.2B | 0.26% | |
| 110 | SHLFDI 9.625 04/15/29 144ASHELF DRILL HOLD LTD | 3,000 | $3.1B | 0.26% | |
| 111 | ASTS 2.375 10/15/32AST SPACEMOBILE INC | 3,000 | $3.1B | 0.25% | |
| 112 | PKSTPEAKSTONE REALTY TRUST | 237,403 | $3.1B | 0.25% | |
| 113 | BEAGBOLD EAGLE ACQUISITION CORP | 299,415 | $3.1B | 0.25% | |
| 114 | LCII 3 03/01/30LCI INDUSTRIES | 3,000 | $3.1B | 0.25% | |
| 115 | BDCIBTC DEV CORP | 300,000 | $3.0B | 0.25% | |
| 116 | HCMAHCM III ACQUISITION CORP | 300,000 | $3.0B | 0.25% | |
| 117 | GENIGENIUS SPORTS LIMITED | 240,761 | $3.0B | 0.24% | |
| 118 | PDSPRECISION DRILLING CORP | 51,600 | $2.9B | 0.24% | |
| 119 | GH 0 11/15/27GUARDANT HEALTH INC | 3,000 | $2.9B | 0.23% | |
| 120 | OMCOMNICOM GROUP INC | 35,000 | $2.9B | 0.23% | Call |
| 121 | LATAGALATA ACQUISITION CORP II | 282,100 | $2.8B | 0.23% | |
| 122 | JENAJENA ACQUISITION CORP II | 275,000 | $2.8B | 0.23% | |
| 123 | FYBRFRONTIER COMMUNICATIONS PARE | 71,074 | $2.7B | 0.22% | |
| 124 | TACOBERTO ACQUISITION CORP | 255,204 | $2.7B | 0.22% | |
| 125 | LIONLIONSGATE STUDIOS CORP | 380,785 | $2.6B | 0.21% | |
| 126 | BBARRICK MNG CORP | 79,845 | $2.6B | 0.21% | |
| 127 | IVQUCN 9.75 12/30/27INVESQUE INC | 2,527 | $2.6B | 0.21% | |
| 128 | CEPFCANTOR EQUITY PARTNERS IV IN | 252,641 | $2.6B | 0.21% | |
| 129 | GLXYLP 3 12/15/26GALAXY DIG HO LP | 2,000 | $2.6B | 0.21% | |
| 130 | FNVFRANCO NEV CORP | 11,500 | $2.6B | 0.21% | |
| 131 | TLNTALEN ENERGY CORP | 6,000 | $2.6B | 0.21% | |
| 132 | PMTRPERIMETER ACQUISITION CORP I | 247,237 | $2.5B | 0.20% | |
| 133 | IPCXINFLECTION PT ACQUISITION CO | 248,066 | $2.5B | 0.20% | |
| 134 | XIFR 0 11/15/25NEXTERA ENGY PTR | 2,500 | $2.5B | 0.20% | |
| 135 | WLACWILLOW LANE ACQUISITION CORP | 196,853 | $2.3B | 0.19% | |
| 136 | HYACHAYMAKER ACQUISITION CORP IV | 199,800 | $2.3B | 0.18% | |
| 137 | PCAPPROCAP ACQUISITION CORP | 217,301 | $2.2B | 0.18% | |
| 138 | KOYNDIGITAL ASSET ACQUISITION CO | 218,397 | $2.2B | 0.18% | |
| 139 | DCBODOCEBO INC | 79,910 | $2.2B | 0.18% | |
| 140 | VFCV F CORP | 149,100 | $2.2B | 0.17% | |
| 141 | CRAQCAL REDWOOD ACQUISITION CORP | 215,031 | $2.2B | 0.17% | |
| 142 | AYS1SANDSTORM GOLD LTD | 170,000 | $2.1B | 0.17% | |
| 143 | FNDFLOOR DECOR HLDGS INC | 28,500 | $2.1B | 0.17% | Call |
| 144 | AMZNAMAZON COM INC | 9,508 | $2.1B | 0.17% | |
| 145 | GFRGREENFIRE RES LTD NEW | 447,600 | $2.1B | 0.17% | |
| 146 | COOP 6.5 08/01/29 144ANATIONSTAR MTG HLD INC | 2,000 | $2.1B | 0.17% | |
| 147 | OACCOAKTREE ACQUISITION CORP III | 195,292 | $2.1B | 0.17% | |
| 148 | WENNWEN ACQUISITION CORP | 202,663 | $2.1B | 0.17% | |
| 149 | GROY/WSGOLD ROYALTY CORP | 1,145,422 | $2.1B | 0.17% | |
| 150 | RDAGREPUBLIC DIGITAL ACQUISITION | 200,000 | $2.0B | 0.17% | |
| 151 | LPLALPL FINL HLDGS INC | 6,115 | $2.0B | 0.17% | |
| 152 | —SPRING VY ACQUISITION CORP I | 200,000 | $2.0B | 0.16% | |
| 153 | BCSSBAIN CAP GSS INVT CORP | 200,000 | $2.0B | 0.16% | |
| 154 | EMISEMMIS ACQUISITION CORP. | 197,553 | $2.0B | 0.16% | |
| 155 | CCOCAMECO CORP | 23,000 | $1.9B | 0.16% | |
| 156 | BSY 0.375 07/01/27BENTLEY SYS INC | 2,000 | $1.9B | 0.15% | |
| 157 | CORZWCORE SCIENTIFIC INC NEW | 158,192 | $1.8B | 0.15% | |
| 158 | LOBLIVE OAK ACQUISITION CORP V | 178,100 | $1.8B | 0.15% | |
| 159 | FTWEQV VENTURES ACQUISITION COR | 173,140 | $1.8B | 0.15% | |
| 160 | CEPFCANTOR EQUITY PARTNERS III I | 163,822 | $1.7B | 0.14% | |
| 161 | —NABORS ENERGY TRANSITION COR | 150,000 | $1.7B | 0.14% | |
| 162 | INTCINTEL CORP | 50,000 | $1.7B | 0.14% | Call |
| 163 | TERTERADYNE INC | 12,000 | $1.7B | 0.13% | |
| 164 | BKRBAKER HUGHES COMPANY | 33,000 | $1.6B | 0.13% | Call |
| 165 | KYIVKYIVSTAR GROUP LTD | 395,441 | $1.6B | 0.13% | |
| 166 | CEPFCANTOR EQUITY PARTNERS II IN | 150,938 | $1.6B | 0.13% | |
| 167 | CHECCHENGHE ACQUISITION III CO | 156,706 | $1.6B | 0.13% | |
| 168 | RTACRENATUS TACTICAL ACQUIS | 134,710 | $1.5B | 0.12% | |
| 169 | INVHINVITATION HOMES INC | 50,000 | $1.5B | 0.12% | Put |
| 170 | LWACLIGHTWAVE ACQUISITION CORP | 144,300 | $1.5B | 0.12% | |
| 171 | VOXRVOX ROYALTY CORP | 317,500 | $1.4B | 0.11% | |
| 172 | GENVRGEN DIGITAL INC | 184,274 | $1.4B | 0.11% | |
| 173 | CBSTCN 9.25 12/31/28CANNABIST CO HLDGS INC | 2,000 | $1.3B | 0.11% | |
| 174 | WGMIVALKYRIE ETF TRUST II | 30,000 | $1.3B | 0.11% | Call |
| 175 | AIOTPOWERFLEET INC | 250,000 | $1.3B | 0.11% | |
| 176 | RDDTREDDIT INC | 5,481 | $1.3B | 0.10% | |
| 177 | CPRICAPRI HOLDINGS LIMITED | 61,357 | $1.2B | 0.10% | Call |
| 178 | CCIXCHURCHILL CAPITAL CORP IX | 114,350 | $1.2B | 0.10% | |
| 179 | ATIIARCHIMEDES TECH SPAC PARTNER | 113,670 | $1.2B | 0.09% | |
| 180 | ARESARES MANAGEMENT CORPORATION | 7,000 | $1.1B | 0.09% | Call |
| 181 | OUTOUTFRONT MEDIA INC | 60,435 | $1.1B | 0.09% | |
| 182 | DRDBROMAN DBDR ACQUISITION CORP | 107,090 | $1.1B | 0.09% | |
| 183 | GTENGORES HLDGS X INC | 102,849 | $1.1B | 0.09% | |
| 184 | WLACWILLOW LANE ACQUISITION CORP | 374,374 | $1.0B | 0.09% | |
| 185 | CIACN 7.875 07/15/32 144ACHAMPION IRON CANADA INC | 1,000 | $1.0B | 0.08% | |
| 186 | ONCH1RT ACQUISITION CORP. | 100,000 | $1.0B | 0.08% | |
| 187 | EMXEMX RTY CORP | 201,488 | $1.0B | 0.08% | |
| 188 | MBVIM3-BRIGADE ACQUISITION VI CO | 100,000 | $1.0B | 0.08% | |
| 189 | SZZLSIZZLE ACQUISITION CORP. II | 100,000 | $1.0B | 0.08% | |
| 190 | KCHVKOCHAV DEFENSE ACQUI CO | 100,000 | $1.0B | 0.08% | |
| 191 | SPEGSILVER PEGASUS ACQUISITION C | 100,000 | $997.0M | 0.08% | |
| 192 | BLUWBLUE WTR ACQUISITION CORP. I | 100,000 | $996.0M | 0.08% | |
| 193 | TSEMTOWER SEMICONDUCTOR LTD | 13,512 | $976.9M | 0.08% | |
| 194 | MSFTMICROSOFT CORP | 1,750 | $906.4M | 0.07% | |
| 195 | CLFCLEVELAND-CLIFFS INC NEW | 70,000 | $854.0M | 0.07% | Call |
| 196 | LCIDLUCID GROUP INC | 32,658 | $776.9M | 0.06% | Call |
| 197 | NVDANVIDIA CORPORATION | 4,000 | $746.3M | 0.06% | |
| 198 | NXTNEXTRACKER INC | 10,000 | $739.9M | 0.06% | |
| 199 | PLYMPLYMOUTH INDL REIT INC | 32,000 | $714.6M | 0.06% | |
| 200 | MCGAYORKVILLE ACQUISITION CORP. | 65,000 | $692.9M | 0.06% |