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Portfolio (Quarterly) Guide ↗

K2 PRINCIPAL FUND, L.P.

· CIK 0001461790
13F Portfolio $1.4B AUM 487 positions Filed May 14, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 212 New 74 Added 83 Reduced 135 Exited
Page 16 of 25  ·  487 positions
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
301 TIC TIC SOLUTIONS INC Industrials 106,908.0 $703K 0.05% -8K -7.3% $6.58 +36.2%
302 MRK MERCK CO INC Healthcare 5,684.0 $684K 0.05% $120.29 -7.4%
303 HAYMAKER ACQUISITION CORP IV 231,072.0 $682K 0.05% +92K +66.1% $2.95
304 RAAQ REAL ASSET ACQUISITION CORP Financial Services 63,857.0 $670K 0.05% -39K -37.7% $10.50 +8.0%
305 AVGO BROADCOM INC Technology 2,150.0 $665K 0.05% NEW $309.51 +35.9%
306 AEXA CALL AMERICAN EXCEPTIONALISM ACQU Financial Services 61,200.0 $663K 0.05% NEW $10.83 +6.9%
307 CLF CLEVELAND-CLIFFS INC NEW Basic Materials 77,453.0 $654K 0.05% +36K +87.5% $8.45 +26.2%
308 SXT SENSIENT TECHNOLOGIES CORP Basic Materials 7,500.0 $648K 0.04% NEW $86.44 +31.8%
309 AEIS PUT ADVANCED ENERGY INDS Industrials 2,000.0 $645K 0.04% $322.71 -4.2%
310 MEVO M EVO GBL ACQUISITION CORP I Financial Services 64,243.0 $632K 0.04% NEW $9.84 +0.6%
311 MTA METALLA RTY STREAMING LTD Basic Materials 81,760.0 $542K 0.04% +12K +17.2% $6.63 +2.7%
312 AMTM CALL AMENTUM HOLDINGS INC Industrials 20,000.0 $522K 0.04% NEW $26.08 -10.7%
313 METALS ACQUISITION CORP II 50,000.0 $504K 0.04% NEW $10.09
314 FFBC 1ST FINL BANCORP Financial Services 18,068.0 $504K 0.04% -9K -32.0% $27.88 +6.4%
315 ART TECHNOLOGY ACQUISITION C 50,000.0 $490K 0.03% NEW $9.80
316 HENNESSY CAP INVT CORP VII 46,922.0 $486K 0.03% -7K -12.2% $10.35
317 IMSR TERRESTRIAL ENERGY INC Energy 80,000.0 $481K 0.03% NEW $6.01 +21.5%
318 CALL LIONSGATE STUDIOS CORP 50,000.0 $480K 0.03% $9.59
319 HENNESSY CAP INVTS CORP VIII 47,256.0 $465K 0.03% NEW $9.83
320 KEYS KEYSIGHT TECHNOLOGIES INC Technology 1,600.0 $452K 0.03% NEW $282.37 +23.6%
Page 16 of 25  ·  487 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 32.5%
Technology 10.0%
Consumer Cyclical 8.5%
Energy 8.3%
Industrials 8.2%
Communication Services 7.9%
Basic Materials 7.8%
Healthcare 6.1%
Utilities 6.1%
Real Estate 2.3%