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Portfolio (Quarterly) Guide ↗

K2 PRINCIPAL FUND, L.P.

· CIK 0001461790
13F Portfolio $1.2B AUM Filed Feb 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 410 New
Page 6 of 21  ·  410 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
101 MKS INC. 3,000.0 $3.8M 0.31% NEW $1279.60
102 PAR PUT PAR TECHNOLOGY CORP Technology 100,000.0 $3.6M 0.29% NEW $36.28 -59.4%
103 IJR PUT ISHARES TR 30,000.0 $3.6M 0.29% NEW $120.18 +10.7%
104 TACO BERTO ACQUISITION CORP Financial Services 355,204.0 $3.6M 0.29% NEW $10.14 +2.7%
105 COPX PUT GLOBAL X FDS 50,000.0 $3.6M 0.29% NEW $71.79 +10.5%
106 LCI INDUSTRIES 3,000.0 $3.6M 0.29% NEW $1185.84
107 RYAM RAYONIER ADVANCED MATLS INC Basic Materials 602,624.0 $3.5M 0.29% NEW $5.89 +49.1%
108 ALUSSA ENERGY ACQUISITION CO 350,000.0 $3.5M 0.28% NEW $10.10
109 RYAM CALL RAYONIER ADVANCED MATLS INC Basic Materials 596,400.0 $3.5M 0.28% NEW $5.89 +49.1%
110 BEP BROOKFIELD RENEWABLE PARTNER Utilities 129,900.0 $3.5M 0.28% NEW $26.70 +27.2%
111 SRG SERITAGE GROWTH PPTYS Real Estate 1,056,400.0 $3.4M 0.28% NEW $3.25 -22.9%
112 RIOT PLATFORMS INC 3,000.0 $3.4M 0.27% NEW $1134.80
113 SOLS SOLSTICE ADVANCED MATLS INC Basic Materials 69,810.0 $3.4M 0.27% NEW $48.58 +67.0%
114 OPEN OPENDOOR TECHNOLOGIES INC Real Estate 559,157.0 $3.3M 0.26% NEW $5.83 -28.5%
115 BOLD EAGLE ACQUISITION CORP 307,018.0 $3.2M 0.26% NEW $10.58
116 GUARDANT HEALTH INC 3,000.0 $3.2M 0.26% NEW $1075.40
117 CAEP CANTOR EQUITY PARTNERS III I Financial Services 312,667.0 $3.2M 0.26% NEW $10.20 +47.1%
118 NSC NORFOLK SOUTHN CORP Industrials 10,800.0 $3.1M 0.25% NEW $288.72 +9.6%
119 CLF PUT CLEVELAND-CLIFFS INC NEW Basic Materials 234,400.0 $3.1M 0.25% NEW $13.28 -22.6%
120 PERIMETER ACQUISITION CORP I 297,237.0 $3.1M 0.25% NEW $10.28
Page 6 of 21  ·  410 positions

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Financial Services 29.3%
Basic Materials 11.6%
Technology 9.7%
Real Estate 9.2%
Consumer Cyclical 7.2%
Industrials 7.1%
Utilities 6.5%
Energy 6.5%
Consumer Defensive 5.9%
Communication Services 4.8%