Top Institutional Investors

K2 Financial Inc. — 13F Holdings & Portfolio

CIK 2044711 · latest 13F-HR filed 2026-07-21

Backtest portfolio

K2 Financial Inc. manages $141.7M in 13F-reported U.S. long-equity assets across 60 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VEA (9.66%), SCHX (8.41%), BND (5.70%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 1 new position and exited 0; 15 existing positions rose in reported value and 10 fell.

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.

Loading holdings…
AUM
$141.7M

Long-equity book

Holdings
60

Distinct positions

Period
2026-06-30

Filed 2026-07-21

Q/Q Activity
+1 / −0 / ↑15 / ↓10

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
VEA9.7% · +1%SCHX8.4% · -1%BND5.7% · +4%SCHA4.1% · -5%VTEB4.0% · +6%SEIV3.8% · -4%SEIM3.8% · -6%VWO3.7% · +1%MUB3.5% · -8%BNDX3.5% · +5%SUB2.6% · -9%USIG2.6% · +6%SPHY2.5% · +5%SCHP2.3% · +5%PAAA2.2% · +3%VTV2.2% · +1%VUG2.0% · +0%SEIQ1.9% · +4%ACWV1.8% · +2%BCI1.6% · -4%SCHG1.6% · -2%SCHZ1.6% · +7%VWOB1.4% · +5%IDEV1.4% · +3%IEMG1.4% · -1%DUHP1.3% · +0%EMLC1.3% · +6%SCHV1.3% · -2%MBB1.2% · +6%SCHM1.2% · -1%DFUS1.1% · -11%IEFA0.8% · -2%USMV0.8% · -2%SCHO0.8% · -0%HYD0.8% · +6%XCNY0.8% · +0%MCD0.7% · 0%VTIP0.6% · -1%SCHC0.6% · -1%HYMB0.6% · -2%SELV0.5% · +1%VBR0.5% · -1%SPEM0.5% · -1%DXJ0.5% · -2%VBK0.4% · -1%TFLR0.4% · +5%GMF0.4% · -0%NOC0.4% · 0%DFIV0.4% · -12%CLIP0.3% · -0%DFAS0.3% · -11%CVX0.3% · +0%EFAV0.3% · -1%LEND0.2% · newDFAI0.2% · -12%SPDW0.2% · -0%CGCB0.2% · +2%EBND0.2% · -2%JPST0.2% · -2%IWN0.2% · -1%

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

3 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 50.2%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Feb 24, 2021.

Assets Under Management
$1.37B
Discretionary
$1.37B
Employees
0
Accounts
17
Address
300 ATLANTIC ST.
12TH FLOOR
STAMFORD, CT 06901
Phone
(203) 348-5252
Website
Name Title / Status Ownership Type
CLIFFORD, SHANE, JOSEPH ControlSENIOR MANAGING DIRECTOR, ALTERNATIVE STRATEGIES
since Dec 2020
Less than 5%Individual
K2 ADVISORS HOLDINGS, LLC Control100% OWNER
since May 2013
75% or moreDomestic Entity
DAVIS, BJORN, ANTHONYCHIEF COMPLIANCE OFFICER
since Jan 2011
Less than 5%Individual
FRANKLIN RESOURCES, INC. Control
Indirect owner via FRANKLIN TEMPLETON INSTITUTIONAL, LLC
PARENT ORGANIZATION: 100%
since Oct 2012
75% or moreDomestic Entity
FRANKLIN TEMPLETON INSTITUTIONAL, LLC Control
Indirect owner via K2 ADVISORS HOLDINGS, LLC
MAJORITY OWNER
since Nov 2012
75% or moreDomestic Entity
Ownership & leadership changes · 5 filings with changes since Feb 28, 2017

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Dec 23, 2020 filing
  • No longer listedGULLEY, MADISON, STERLING · EXECUTIVE VICE PRESIDENT - ALTERNATIVE STRATEGIES · Less than 5% · control person · listed since Jan 2019
  • AddedCLIFFORD, SHANE, JOSEPH · SENIOR MANAGING DIRECTOR, ALTERNATIVE STRATEGIES · Less than 5% · control person
Oct 1, 2019 filing
  • No longer listedBrowning, Benjamin, Charles · CHIEF OPERATING OFFICER · Less than 5% · listed since Apr 2018
Apr 10, 2019 filing
  • No longer listedSAUNDERS, DAVID, CHARLES · DIRECTOR · Less than 5% · control person · listed since May 1997
  • AddedGULLEY, MADISON, STERLING · EXECUTIVE VICE PRESIDENT - ALTERNATIVE STRATEGIES · Less than 5% · control person
Feb 20, 2019 filing
  • No longer listedSAUNDERS, DAVID, CHARLES · UNIT HOLDER · General partner, trustee or manager · indirect via K2 ADVISORS HOLDINGS, LLC · control person · listed since Apr 2007
  • ChangedFRANKLIN TEMPLETON INSTITUTIONAL, LLC · indirect via K2 ADVISORS HOLDINGS, LLC: ownership 50–75% → 75% or more
Apr 30, 2018 filing
  • AddedBrowning, Benjamin, Charles · CHIEF OPERATING OFFICER · Less than 5%
Feb 28, 2017 filing (earliest on record)
  • ListedDAVIS, BJORN, ANTHONY · CHIEF COMPLIANCE OFFICER · Less than 5%
  • ListedFRANKLIN RESOURCES, INC. · PARENT ORGANIZATION: 100% · 75% or more · indirect via FRANKLIN TEMPLETON INSTITUTIONAL, LLC · control person
  • ListedFRANKLIN TEMPLETON INSTITUTIONAL, LLC · MAJORITY OWNER · 50–75% · indirect via K2 ADVISORS HOLDINGS, LLC · control person
  • ListedK2 ADVISORS HOLDINGS, LLC · 100% OWNER · 75% or more · control person
  • ListedSAUNDERS, DAVID, CHARLES · DIRECTOR · Less than 5% · control person
  • ListedSAUNDERS, DAVID, CHARLES · UNIT HOLDER · General partner, trustee or manager · indirect via K2 ADVISORS HOLDINGS, LLC · control person

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Top Adds (vs prior quarter)

Show all 15 →

Top Trims

Show all 10 →

New Positions

Show all 1 →

Exited Positions

  • No exits this quarter.
Show all 0 →

K2 Financial Inc. Holdings (2026-06-30)

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 VANGUARD TAX-MANAGED FDS VEA 921943858 $13.7M 9.66% 190,483 SH
2 SCHWAB STRATEGIC TR SCHX 808524201 $11.9M 8.41% 401,944 SH
3 VANGUARD BD INDEX FDS BND 921937835 $8.1M 5.70% 110,491 SH
4 SCHWAB STRATEGIC TR SCHA 808524607 $5.8M 4.11% 166,262 SH
5 VANGUARD MUN BD FDS VTEB 922907746 $5.7M 4.02% 112,602 SH
6 SEI EXCHANGE TRADED FUNDS SEIV 81589A304 $5.4M 3.81% 112,470 SH
7 SEI EXCHANGE TRADED FUNDS SEIM 81589A205 $5.4M 3.80% 98,882 SH
8 VANGUARD INTL EQUITY INDEX F VWO 922042858 $5.2M 3.70% 87,234 SH
9 ISHARES TR MUB 464288414 $5.0M 3.53% 46,556 SH
10 VANGUARD CHARLOTTE FDS BNDX 92203J407 $4.9M 3.47% 101,829 SH
11 ISHARES TR SUB 464288158 $3.7M 2.58% 34,423 SH
12 ISHARES TR USIG 464288620 $3.6M 2.56% 71,133 SH
13 SPDR SERIES TRUST SPHY 78468R606 $3.5M 2.45% 148,763 SH
14 SCHWAB STRATEGIC TR SCHP 808524870 $3.3M 2.29% 123,621 SH
15 PGIM ETF TR PAAA 69344A834 $3.2M 2.24% 61,739 SH
16 VANGUARD INDEX FDS VTV 922908744 $3.2M 2.23% 14,419 SH
17 VANGUARD INDEX FDS VUG 922908736 $2.8M 2.01% 32,866 SH
18 SEI EXCHANGE TRADED FUNDS SEIQ 81589A106 $2.7M 1.90% 66,846 SH
19 ISHARES INC ACWV 464286525 $2.5M 1.75% 20,328 SH
20 ABRDN ETFS BCI 003261104 $2.3M 1.61% 100,482 SH
21 SCHWAB STRATEGIC TR SCHG 808524300 $2.2M 1.58% 64,657 SH
22 SCHWAB STRATEGIC TR SCHZ 808524839 $2.2M 1.57% 96,470 SH
23 VANGUARD WHITEHALL FDS VWOB 921946885 $2.0M 1.43% 30,210 SH
24 ISHARES TR IDEV 46435G326 $2.0M 1.42% 22,310 SH
25 ISHARES INC IEMG 46434G103 $2.0M 1.40% 24,149 SH
26 DIMENSIONAL ETF TRUST DUHP 25434V831 $1.9M 1.33% 45,256 SH
27 VANECK ETF TRUST EMLC 92189H300 $1.9M 1.32% 73,013 SH
28 SCHWAB STRATEGIC TR SCHV 808524409 $1.9M 1.31% 53,959 SH
29 ISHARES TR MBB 464288588 $1.8M 1.24% 18,600 SH
30 SCHWAB STRATEGIC TR SCHM 808524508 $1.8M 1.24% 48,512 SH
31 DIMENSIONAL ETF TRUST DFUS 25434V401 $1.6M 1.13% 19,380 SH
32 ISHARES TR IEFA 46432F842 $1.2M 0.82% 11,872 SH
33 ISHARES TR USMV 46429B697 $1.1M 0.81% 11,721 SH
34 SCHWAB STRATEGIC TR SCHO 808524862 $1.1M 0.80% 47,125 SH
35 VANECK ETF TRUST HYD 92189H409 $1.1M 0.79% 21,692 SH
36 SPDR INDEX SHS FDS XCNY 78463X103 $1.1M 0.78% 19,770 SH
37 MCDONALDS CORP MCD 580135101 $1.0M 0.74% 3,753 SH
38 VANGUARD MALVERN FDS VTIP 922020805 $903.2K 0.64% 18,191 SH
39 SCHWAB STRATEGIC TR SCHC 808524888 $883.9K 0.62% 18,028 SH
40 SPDR SERIES TRUST HYMB 78464A284 $858.3K 0.61% 33,859 SH
41 SEI EXCHANGE TRADED FUNDS SELV 81589A403 $752.1K 0.53% 22,736 SH
42 VANGUARD INDEX FDS VBR 922908611 $710.0K 0.50% 2,916 SH
43 SPDR INDEX SHS FDS SPEM 78463X509 $675.1K 0.48% 12,982 SH
44 WISDOMTREE TR DXJ 97717W851 $652.4K 0.46% 3,629 SH
45 VANGUARD INDEX FDS VBK 922908595 $624.4K 0.44% 1,731 SH
46 T ROWE PRICE EXCHANGE-TRADED TFLR 87283Q883 $568.4K 0.40% 11,250 SH
47 SPDR INDEX SHS FDS GMF 78463X301 $564.9K 0.40% 3,598 SH
48 NORTHROP GRUMMAN CORP NOC 666807102 $523.1K 0.37% 955 SH
49 DIMENSIONAL ETF TRUST DFIV 25434V807 $504.1K 0.36% 9,089 SH
50 GLOBAL X FDS CLIP 37960A438 $482.3K 0.34% 4,818 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-07-21 $141.7M 60 0002044711-26-000003
2026-03-31 2026-04-29 $137.5M 59 0002044711-26-000002
2025-12-31 2026-01-22 $129.4M 58 0002044711-26-000001
Filer Information
Address
233 SOUTH GLENDORA AVENUE
GLENDORA, CA 91741
Phone
(626) 553-6113
Filing Manager
K2 Financial Inc.
GLENDORA, CA
Signatory
Travis Bettfreund
Chief Compliance Officer