K2 PRINCIPAL FUND, L.P. Q4 2025 Filing
Filed February 13, 2026
Portfolio Value
$1.2B
Holdings
385
Report Date
Q4 2025
Filing Type
13F-HR
All Holdings (385 positions)
| # | Stock | Shares | Value | % Portfolio | Type |
|---|---|---|---|---|---|
| 101 | UPWK 0.25 08/15/26UPWORK INC | 4,000 | $3.9M | 0.32% | |
| 102 | CEPFCANTOR EQUITY PARTNERS II IN | 347,129 | $3.9M | 0.31% | |
| 103 | DMLCN 4.25 09/15/31 .DENISON MINES | 3,000 | $3.9M | 0.31% | |
| 104 | MKSI 1.25 06/01/30MKS INC. | 3,000 | $3.8M | 0.31% | |
| 105 | CLFCLEVELAND-CLIFFS INC NEW | 275,700 | $3.7M | 0.29% | Put |
| 106 | IJRISHARES TR | 30,000 | $3.6M | 0.29% | Put |
| 107 | TACOBERTO ACQUISITION CORP | 355,204 | $3.6M | 0.29% | |
| 108 | COPXGLOBAL X FDS | 50,000 | $3.6M | 0.29% | Put |
| 109 | LCII 3 03/01/30LCI INDUSTRIES | 3,000 | $3.6M | 0.29% | |
| 110 | ALUBALUSSA ENERGY ACQUISITION CO | 350,000 | $3.5M | 0.28% | |
| 111 | BEPBROOKFIELD RENEWABLE PARTNER | 129,900 | $3.5M | 0.28% | |
| 112 | SRGSERITAGE GROWTH PPTYS | 1,056,400 | $3.4M | 0.28% | |
| 113 | RIOT 0.75 01/15/30RIOT PLATFORMS INC | 3,000 | $3.4M | 0.27% | |
| 114 | BEAGBOLD EAGLE ACQUISITION CORP | 307,018 | $3.2M | 0.26% | |
| 115 | GH 0 11/15/27GUARDANT HEALTH INC | 3,000 | $3.2M | 0.26% | |
| 116 | CEPFCANTOR EQUITY PARTNERS III I | 312,667 | $3.2M | 0.26% | |
| 117 | LIONLIONSGATE STUDIOS CORP | 346,069 | $3.2M | 0.25% | Call |
| 118 | NSCNORFOLK SOUTHN CORP | 10,800 | $3.1M | 0.25% | |
| 119 | PMTRPERIMETER ACQUISITION CORP I | 297,237 | $3.1M | 0.25% | |
| 120 | —TALON CAP CORP | 299,752 | $3.0M | 0.24% | |
| 121 | CYBRCYBERARK SOFTWARE LTD | 6,748 | $3.0M | 0.24% | |
| 122 | PKSTPEAKSTONE REALTY TRUST | 209,114 | $3.0M | 0.24% | |
| 123 | NKENIKE INC | 47,000 | $3.0M | 0.24% | Put |
| 124 | MPUS 0.25 04/01/26MP MATERIALS CORP | 2,500 | $3.0M | 0.24% | |
| 125 | AMZNAMAZON COM INC | 12,708 | $2.9M | 0.24% | |
| 126 | VAC 3.25 12/15/27MARRIOTT VACATIONS WORLDWIDE | 3,000 | $2.9M | 0.23% | |
| 127 | APPAPPLOVIN CORP | 4,232 | $2.9M | 0.23% | |
| 128 | IPCXINFLECTION PT ACQUISITION CO | 276,543 | $2.8M | 0.23% | |
| 129 | JENAJENA ACQUISITION CORP II | 273,000 | $2.8M | 0.22% | |
| 130 | FYBRFRONTIER COMMUNICATIONS PARE | 71,074 | $2.7M | 0.22% | |
| 131 | NBR 1.75 06/15/29NABORS INDS INC | 3,315 | $2.7M | 0.22% | |
| 132 | CEPFCANTOR EQUITY PARTNERS IV IN | 258,141 | $2.7M | 0.21% | |
| 133 | ITBISHARES TR | 27,000 | $2.6M | 0.21% | Call |
| 134 | FNVFRANCO NEV CORP | 12,500 | $2.6M | 0.21% | |
| 135 | HYACHAYMAKER ACQUISITION CORP IV | 226,442 | $2.6M | 0.21% | |
| 136 | CGCTCARTESIAN GROWTH CORP III | 250,000 | $2.6M | 0.21% | |
| 137 | WENNWEN ACQUISITION CORP | 252,663 | $2.6M | 0.21% | |
| 138 | IVQUCN 9.75 12/30/27INVESQUE INC | 2,529 | $2.5M | 0.20% | |
| 139 | SBXESILVERBOX CORP V | 243,400 | $2.4M | 0.20% | |
| 140 | RGLDROYAL GOLD INC | 10,625 | $2.4M | 0.19% | |
| 141 | HCMAHCM III ACQUISITION CORP | 234,602 | $2.4M | 0.19% | |
| 142 | GROY/WSGOLD ROYALTY CORP | 1,183,387 | $2.3M | 0.19% | |
| 143 | CFLTCONFLUENT INC | 74,997 | $2.3M | 0.18% | |
| 144 | HOODROBINHOOD MKTS INC | 20,000 | $2.3M | 0.18% | Put |
| 145 | GENIGENIUS SPORTS LIMITED | 203,734 | $2.2M | 0.18% | |
| 146 | SPRYARS PHARMACEUTICALS INC | 191,300 | $2.2M | 0.18% | Call |
| 147 | KOYNDIGITAL ASSET ACQUISITION CO | 218,397 | $2.2M | 0.18% | |
| 148 | CRAQCAL REDWOOD ACQUISITION CORP | 215,031 | $2.2M | 0.18% | |
| 149 | GLXYLP 3 12/15/26GALAXY DIG HO LP | 2,000 | $2.2M | 0.17% | |
| 150 | XMESPDR SERIES TRUST | 20,000 | $2.1M | 0.17% | Put |
| 151 | OACCOAKTREE ACQUISITION CORP III | 195,292 | $2.1M | 0.17% | |
| 152 | MARAMARA HOLDINGS INC | 225,000 | $2.0M | 0.16% | Put |
| 153 | DBRGDIGITALBRIDGE GROUP INC | 131,067 | $2.0M | 0.16% | |
| 154 | PCAPPROCAP ACQUISITION CORP | 198,332 | $2.0M | 0.16% | |
| 155 | FTWEQV VENTURES AC CORP. II | 200,000 | $2.0M | 0.16% | |
| 156 | VCICVINE HILL CAP INVTS CORP II | 200,000 | $2.0M | 0.16% | |
| 157 | —SILICON VY ACQUISITION CORP | 200,000 | $2.0M | 0.16% | |
| 158 | PL/WSPLANET LABS PBC | 220,515 | $1.9M | 0.15% | |
| 159 | BSY 0.375 07/01/27BENTLEY SYS INC | 2,000 | $1.9M | 0.15% | |
| 160 | LOBLIVE OAK ACQUISITION CORP V | 178,100 | $1.8M | 0.15% | |
| 161 | CSIQCANADIAN SOLAR INC | 75,000 | $1.8M | 0.14% | Put |
| 162 | —SPRING VY ACQUISITION CORP I | 175,000 | $1.8M | 0.14% | |
| 163 | DCBODOCEBO INC | 76,910 | $1.7M | 0.14% | |
| 164 | PSTGPURE STORAGE INC | 25,102 | $1.7M | 0.14% | Put |
| 165 | SYFSYNCHRONY FINANCIAL | 20,000 | $1.7M | 0.13% | Put |
| 166 | AEXAAMERICAN EXCEPTIONALISM ACQU | 143,403 | $1.6M | 0.13% | |
| 167 | VSTVISTRA CORP | 10,000 | $1.6M | 0.13% | |
| 168 | PRCHPORCH GROUP INC | 170,000 | $1.6M | 0.12% | Call |
| 169 | VOXRVOX ROYALTY CORP | 317,500 | $1.5M | 0.12% | |
| 170 | APXTAPEX TREAS CORP | 148,075 | $1.5M | 0.12% | |
| 171 | NVRIENVIRI CORP | 82,987 | $1.5M | 0.12% | |
| 172 | FSLY 0 03/15/26FASTLY INC | 1,499 | $1.5M | 0.12% | |
| 173 | VACIVIKING ACQUISITION CORP I | 150,000 | $1.5M | 0.12% | |
| 174 | EVOXEVOLUTION GLOBAL ACQUISITION | 150,000 | $1.5M | 0.12% | |
| 175 | RDDTREDDIT INC | 6,437 | $1.5M | 0.12% | |
| 176 | DSACUDAEDALUS SPL ACQUISITION COR | 143,620 | $1.4M | 0.12% | |
| 177 | AIOTPOWERFLEET INC | 268,846 | $1.4M | 0.12% | |
| 178 | LWACLIGHTWAVE ACQUISITION CORP | 139,300 | $1.4M | 0.11% | |
| 179 | RTACRENATUS TACTICAL ACQUIS | 129,458 | $1.4M | 0.11% | |
| 180 | CORZWCORE SCIENTIFIC INC NEW | 158,192 | $1.3M | 0.11% | |
| 181 | XLUSELECT SECTOR SPDR TR | 30,000 | $1.3M | 0.10% | Put |
| 182 | APADA PARADISE ACQUISITION CORP | 125,000 | $1.3M | 0.10% | |
| 183 | IAU-WUI-80 GOLD CORP | 1,350,000 | $1.2M | 0.10% | |
| 184 | —RANGE CAP ACQUISITION CORP | 118,150 | $1.2M | 0.10% | |
| 185 | AQN.TOALGONQUIN PWR UTILS CORP | 200,000 | $1.2M | 0.10% | |
| 186 | CHACRCRANE HBR ACQUISITION CORP | 113,825 | $1.2M | 0.10% | |
| 187 | RDAGREPUBLIC DIGITAL ACQUISITION | 120,799 | $1.2M | 0.10% | |
| 188 | GENVRGEN DIGITAL INC | 281,950 | $1.2M | 0.10% | |
| 189 | DNMXDYNAMIX CORP III | 120,317 | $1.2M | 0.10% | |
| 190 | TICTIC SOLUTIONS INC | 115,289 | $1.2M | 0.09% | |
| 191 | CCIXCHURCHILL CAPITAL CORP IX | 108,850 | $1.2M | 0.09% | |
| 192 | WIXWIX COM LTD | 11,000 | $1.1M | 0.09% | |
| 193 | CBSTCN 9.25 12/31/28CANNABIST CO HLDGS INC | 2,000 | $1.1M | 0.09% | |
| 194 | DRDBROMAN DBDR ACQUISITION CORP | 107,090 | $1.1M | 0.09% | |
| 195 | CUBECUBESMART | 30,100 | $1.1M | 0.09% | |
| 196 | CIACN 7.875 07/15/32 144ACHAMPION IRON CANADA INC | 1,000 | $1.1M | 0.09% | |
| 197 | GTENGORES HLDGS X INC | 102,849 | $1.1M | 0.08% | |
| 198 | FTWEQV VENTURES ACQUISITION COR | 100,000 | $1.0M | 0.08% | |
| 199 | RAAQREAL ASSET ACQUISITION CORP | 102,434 | $1.0M | 0.08% | |
| 200 | BLUWBLUE WTR ACQUISITION CORP. I | 100,000 | $1.0M | 0.08% |