K2 PRINCIPAL FUND, L.P. — 13F Holdings & Portfolio
CIK 1461790 · latest 13F-HR filed 2026-08-07
K2 PRINCIPAL FUND, L.P. manages $1.36B in 13F-reported U.S. long-equity assets across 490 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are GLD (4.01%), AAUCF (1.92%), GLD (1.67%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 142 new positions, exited 122, added to 145, and trimmed 67.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
SUITE 801
TORONTO, A6 M4W 3E2
$1.36B
Long-equity book
490
Distinct positions
2026-06-30
Filed 2026-08-07
+142 / −122 / ↑145 / ↓67
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- PENNYMAC FINL SVCS INC NEW$6.8M +96.6%
- T1 ENERGY INC$6.2M +225.3%
- DATADOG INC$5.6M +192.9%
- SPDR GOLD TR$5.6M +88.7%
- ARCHIMEDES TECH SPAC PARTNER$4.8M +519.9%
Top Trims
- LIONSGATE STUDIOS CORP-$3.5M -86.7%
- ABIVAX SA-$2.7M -45.7%
- WIX LTD-$2.1M -17.5%
- SOLARIS ENERGY INFRAS INC-$2.1M -13.7%
- VISTRA CORP-$2.0M -50.7%
New Positions
- ALLIED GOLD$26.2M
- AVNET$16.8M
- CLOUDFLARE INC$16.5M
- STRATEGY INC$15.4M
- ON SEMICONDUCTOR CORP$14.5M
Exited Positions
- GAMESTOP CORP$14.4M
- TRIPADVISOR INC$14.0M
- VEECO INSTRS INC DEL$13.8M
- JETBLUE AIRWAYS CORP$13.8M
- CLOUDFLARE INC$13.6M
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | SPDR GOLD TR Call | GLD | 78463V107 | $54.7M | 4.01% | 148,600 | SH |
| 2 | ALLIED GOLD | AAUCF | 01921DAA3 | $26.2M | 1.92% | 15,973 | PRN |
| 3 | SPDR GOLD TR Put | GLD | 78463V107 | $22.8M | 1.67% | 62,000 | SH |
| 4 | VANECK ETF TRUST Put | GDXJ | 92189F791 | $19.2M | 1.40% | 195,000 | SH |
| 5 | PAR TECHNOLOGY CORP | PAR | 698884AK9 | $17.1M | 1.25% | 13,900 | PRN |
| 6 | AVNET | AVT | 053807AY9 | $16.8M | 1.23% | 12,000 | PRN |
| 7 | AST SPACEMOBILE INC | ASTS | 00217DAC4 | $16.7M | 1.23% | 10,500 | PRN |
| 8 | CLOUDFLARE INC | PSAPF | 18915MAF4 | $16.5M | 1.21% | 13,000 | PRN |
| 9 | STRATEGY INC | MHIFF | 594972AQ4 | $15.4M | 1.13% | 15,000 | PRN |
| 10 | ON SEMICONDUCTOR CORP | ON | 682189AU9 | $14.5M | 1.06% | 12,000 | PRN |
| 11 | WAYFAIR INC | W | 94419LAP6 | $14.3M | 1.05% | 9,349 | PRN |
| 12 | GAMESTOP CORP | GME | 36467WAE9 | $14.3M | 1.04% | 14,000 | PRN |
| 13 | PENNYMAC FINL SVCS INC NEW | PFSI | 70932M107 | $13.9M | 1.02% | 159,766 | SH |
| 14 | GLOBAL X FDS Put | COPX | 37954Y830 | $13.9M | 1.02% | 180,000 | SH |
| 15 | GOLAR LNG LTD | GLNG | 38046YAC5 | $13.7M | 1.01% | 12,000 | PRN |
| 16 | SOLARIS ENERGY INFRAS INC | SEI | 83419XAB4 | $13.0M | 0.95% | 8,000 | PRN |
| 17 | MARA HOLDINGS INC | MARA | 565788AF3 | $12.6M | 0.92% | 12,500 | PRN |
| 18 | I-80 GOLD CORP | IAUX | 44955LAC0 | $12.2M | 0.90% | 11,000 | PRN |
| 19 | RUBRIK INC. | RBRK | 781154AD1 | $12.2M | 0.90% | 12,000 | PRN |
| 20 | DROPBOX INC | DBX | 26210CAD6 | $12.1M | 0.89% | 12,000 | PRN |
| 21 | VIRGIN GALATIC HOLDINGS | VGNAF | 92766KAA4 | $12.0M | 0.88% | 12,500 | PRN |
| 22 | LUCID GROUP INC | LCID | 549498AA1 | $12.0M | 0.88% | 12,500 | PRN |
| 23 | COREWEAVE INC | CRWV | 21873SAD0 | $11.9M | 0.88% | 10,000 | PRN |
| 24 | SUNRUN INC | RUN | 86771WAD7 | $11.9M | 0.87% | 10,000 | PRN |
| 25 | STATE STR SPDR SP 500 ETF T Put | SPY | 78462F103 | $11.9M | 0.87% | 15,900 | SH |
| 26 | SPDR GOLD TR | GLD | 78463V107 | $11.9M | 0.87% | 32,180 | SH |
| 27 | FRESHPET INC | FRPT | 358039AB1 | $11.7M | 0.85% | 10,000 | PRN |
| 28 | ETSY INC | ETSY | 29786AAQ9 | $11.6M | 0.85% | 10,000 | PRN |
| 29 | ISHARES SILVER TR Call | SLV | 46428Q109 | $11.6M | 0.85% | 217,500 | SH |
| 30 | ABIVAX SA Call | ABVX | 00370M103 | $11.3M | 0.83% | 85,100 | SH |
| 31 | FREEPORT MCMORAN INC Put | FCX | 35671D857 | $11.1M | 0.81% | 176,400 | SH |
| 32 | CERENCE INC | CRNC | 156727AD1 | $11.1M | 0.81% | 12,000 | PRN |
| 33 | PEBBLEBROOK HOTEL TRUST | PSAPF | 70509VAB6 | $10.8M | 0.79% | 8,000 | PRN |
| 34 | AKAMAI TECHNOLOGIES INC | AKAM | 00971TAN1 | $10.7M | 0.79% | 9,000 | PRN |
| 35 | ELECTRONIC ARTS INC Put | EA | 285512109 | $10.4M | 0.76% | 50,500 | SH |
| 36 | SOUTHERN CO | SO | 842587ED5 | $10.1M | 0.74% | 10,000 | PRN |
| 37 | SNAP INC | SNAP | 83304AAB2 | $10.0M | 0.73% | 10,000 | PRN |
| 38 | WIX LTD | WIX | 92940WAE9 | $9.9M | 0.73% | 13,000 | PRN |
| 39 | LIVE NATION ENTERTAINMENT | LYV | 538034BD0 | $9.9M | 0.73% | 9,000 | PRN |
| 40 | UPSTART HLDGS INC | UPST | 91680MAB3 | $9.9M | 0.73% | 10,000 | PRN |
| 41 | COINBASE GLOBAL INC | COIN | 19260QAF4 | $9.9M | 0.72% | 11,000 | PRN |
| 42 | ISHARES TR Call | IJR | 464287804 | $9.8M | 0.72% | 66,000 | SH |
| 43 | BOX INC | BOX | 10316TAD6 | $9.8M | 0.72% | 10,000 | PRN |
| 44 | BLACKSKY TECHNOLOGY INC | BKSY | 09263BAA6 | $9.7M | 0.71% | 7,507 | PRN |
| 45 | UBER TECHNOLOGIES INC | UBER | 90353TAM2 | $9.6M | 0.70% | 8,000 | PRN |
| 46 | BITDEER TECHNOLOGIES GRP | — | 09175RAB6 | $9.6M | 0.70% | 7,000 | PRN |
| 47 | ALPHABET INC | GOOG | 02079K107 | $9.5M | 0.69% | 26,773 | SH |
| 48 | T1 ENERGY INC | TE | 35834FAC8 | $9.4M | 0.69% | 5,500 | PRN |
| 49 | MUVICO LLC | AMC | 62844JAA6 | $9.2M | 0.67% | 11,345 | PRN |
| 50 | VIRGIN GALATIC HOLDINGS | SPCE | 92766KAC0 | $9.1M | 0.66% | 10,184 | PRN |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-07 | $1.36B | 490 | 0001461790-26-000032 |
| 2026-03-31 | 2026-05-14 | $1.43B | 487 | 0001461790-26-000030 |
| 2025-12-31 | 2026-02-13 | $1.24B | 410 | 0001461790-26-000016 |
| 2025-09-30 | 2025-11-13 | $1.23B | 338 | 0001461790-25-000054 |