K2 PRINCIPAL FUND, L.P.

Filed: 5/14/2024ACC: 0001461790-24-000010

📋 What this filing means

K2 PRINCIPAL FUND, L.P. filed this quarterly 13F‑HR report disclosing 218 equity positions with a total reported market value of $578.96M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.

218

Positions

$578.96M

Total AUM (reported)

30.84M

Total Shares

Allocation by class

COM$149.92M25.9%

20 YR TR BD ETF$29.05M5.0%

CL A$24.33M4.2%

NOTE 2/1$23.29M4.0%

NOTE 3/0$22.46M3.9%

ISHARES NEW$18.90M3.3%

NOTE 0.25010/0$17.20M3.0%

Portfolio Concentration

Top 3$72.38M12.5%

4–10$105.15M18.2%

11–25$133.84M23.1%

Rest$267.58M46.2%

Top 3 weight

12.5%

Top 10 weight

30.7%

Voting Authority Distribution

Total shares with voting rights: 30.84M

Sole

Full voting authority

30.84M

% of voting shares100.0%

Shared

Joint voting authority

0.00

% of voting shares0.0%

None

No voting authority

0.00

% of voting shares0.0%

Investment Discretion (by position count)

Sole218

Shared0

Other0

Dominant voting typeSole · 100.0% of voting shares

Institutional Holdings218

Rows:

ISHARES TR

SOLE

20 YR TR BD ETF

Shares307K

TypeSH

Market value$29.05M

5.02%

Sole

307K

Shared

0.00

None

0.00

ARS PHARMACEUTICALS INC

SOLE

COM

Shares2.39M

TypeSH

Market value$24.43M

4.22%

Sole

2.39M

Shared

0.00

None

0.00

ISHARES GOLD TR

SOLE

ISHARES NEW

Shares450K

TypeSH

Market value$18.90M

3.27%

Sole

450K

Shared

0.00

None

0.00

NUTANIX INC

SOLE

NOTE 0.25010/0

Shares14K

TypePRN

Market value$17.20M

2.97%

Sole

14K

Shared

0.00

None

0.00

ATLANTICA SUSTAINABLE INFRA

SOLE

NOTE 4.000 7/1

Shares17.30K

TypePRN

Market value$16.67M

2.88%

Sole

17.30K

Shared

0.00

None

0.00

MARATHON DIGITAL HOLDINGS IN

SOLE

NOTE 1.00012/0

Shares18.25K

TypePRN

Market value$15.55M

2.69%

Sole

18.25K

Shared

0.00

None

0.00

DROPBOX INC

SOLE

NOTE 3/0

Shares15.86K

TypePRN

Market value$15.08M

2.61%

Sole

15.86K

Shared

0.00

None

0.00

SERITAGE GROWTH PPTYS

SOLE

CL A

Shares1.47M

TypeSH

Market value$14.21M

2.45%

Sole

1.47M

Shared

0.00

None

0.00

MICROSTRATEGY INC

SOLE

NOTE 2/1

Shares10.20K

TypePRN

Market value$13.99M

2.42%

Sole

10.20K

Shared

0.00

None

0.00

SPDR GOLD TR

SOLE

GOLD SHS

Shares60.50K

TypeSH

Market value$12.45M

2.15%

Sole

60.50K

Shared

0.00

None

0.00

ENVESTNET INC

SOLE

NOTE 0.750 8/1

Shares12.50K

TypePRN

Market value$12.35M

2.13%

Sole

12.50K

Shared

0.00

None

0.00

TRIPADVISOR INC

SOLE

NOTE 0.250 4/0

Shares11.50K

TypePRN

Market value$10.79M

1.86%

Sole

11.50K

Shared

0.00

None

0.00

PRICE T ROWE GROUP INC

SOLE

COM

Shares85K

TypeSH

Market value$10.36M

1.79%

Sole

85K

Shared

0.00

None

0.00

BOX INC

SOLE

NOTE 1/1

Shares8.50K

TypePRN

Market value$10.25M

1.77%

Sole

8.50K

Shared

0.00

None

0.00

VANGUARD INDEX FDS

SOLE

SP 500 ETF SHS

Shares20K

TypeSH

Market value$9.61M

1.66%

Sole

20K

Shared

0.00

None

0.00

PELOTON INTERACTIVE INC

SOLE

NOTE 2/1

Shares11K

TypePRN

Market value$9.29M

1.61%

Sole

11K

Shared

0.00

None

0.00

RAPID7 INC

SOLE

NOTE 0.250 3/1

Shares10K

TypePRN

Market value$8.77M

1.52%

Sole

10K

Shared

0.00

None

0.00

SELECT SECTOR SPDR TR

SOLE

COMMUNICATION

Shares100K

TypeSH

Market value$8.17M

1.41%

Sole

100K

Shared

0.00

None

0.00

ISHARES BITCOIN TR

SOLE

SHS

Shares200K

TypeSH

Market value$8.09M

1.40%

Sole

200K

Shared

0.00

None

0.00

MARTIN MARIETTA MATLS INC

SOLE

COM

Shares13K

TypeSH

Market value$7.98M

1.38%

Sole

13K

Shared

0.00

None

0.00

SPIRIT AIRLS INC

SOLE

NOTE 1.000 5/1

Shares16.39K

TypePRN

Market value$7.92M

1.37%

Sole

16.39K

Shared

0.00

None

0.00

WAYFAIR INC

SOLE

NOTE 1.12511/0

Shares8K

TypePRN

Market value$7.86M

1.36%

Sole

Shared

0.00

None

0.00

WISDOMTREE INC

SOLE

NOTE 3.250 6/1

Shares7.34K

TypePRN

Market value$7.49M

1.29%

Sole

7.34K

Shared

0.00

None

0.00

EVERBRIDGE INC

SOLE

NOTE 0.12512/1

Shares7.70K

TypePRN

Market value$7.48M

1.29%

Sole

7.70K

Shared

0.00

None

0.00

AKAMAI TECHNOLOGIES INC

SOLE

NOTE 0.375 9/0

Shares7K

TypePRN

Market value$7.40M

1.28%

Sole

Shared

0.00

None

0.00

Issuer	Class	Shares	Type	Value / Portfolio %	Voting — Sole
ISHARES TRSOLE	20 YR TR BD ETF	307K	SH	$29.05M 5.02%	307K
ARS PHARMACEUTICALS INCSOLE	COM	2.39M	SH	$24.43M 4.22%	2.39M
ISHARES GOLD TRSOLE	ISHARES NEW	450K	SH	$18.90M 3.27%	450K
NUTANIX INCSOLE	NOTE 0.25010/0	14K	PRN	$17.20M 2.97%	14K
ATLANTICA SUSTAINABLE INFRASOLE	NOTE 4.000 7/1	17.30K	PRN	$16.67M 2.88%	17.30K
MARATHON DIGITAL HOLDINGS INSOLE	NOTE 1.00012/0	18.25K	PRN	$15.55M 2.69%	18.25K
DROPBOX INCSOLE	NOTE 3/0	15.86K	PRN	$15.08M 2.61%	15.86K
SERITAGE GROWTH PPTYSSOLE	CL A	1.47M	SH	$14.21M 2.45%	1.47M
MICROSTRATEGY INCSOLE	NOTE 2/1	10.20K	PRN	$13.99M 2.42%	10.20K
SPDR GOLD TRSOLE	GOLD SHS	60.50K	SH	$12.45M 2.15%	60.50K
ENVESTNET INCSOLE	NOTE 0.750 8/1	12.50K	PRN	$12.35M 2.13%	12.50K
TRIPADVISOR INCSOLE	NOTE 0.250 4/0	11.50K	PRN	$10.79M 1.86%	11.50K
PRICE T ROWE GROUP INCSOLE	COM	85K	SH	$10.36M 1.79%	85K
BOX INCSOLE	NOTE 1/1	8.50K	PRN	$10.25M 1.77%	8.50K
VANGUARD INDEX FDSSOLE	SP 500 ETF SHS	20K	SH	$9.61M 1.66%	20K
PELOTON INTERACTIVE INCSOLE	NOTE 2/1	11K	PRN	$9.29M 1.61%	11K
RAPID7 INCSOLE	NOTE 0.250 3/1	10K	PRN	$8.77M 1.52%	10K
SELECT SECTOR SPDR TRSOLE	COMMUNICATION	100K	SH	$8.17M 1.41%	100K
ISHARES BITCOIN TRSOLE	SHS	200K	SH	$8.09M 1.40%	200K
MARTIN MARIETTA MATLS INCSOLE	COM	13K	SH	$7.98M 1.38%	13K
SPIRIT AIRLS INCSOLE	NOTE 1.000 5/1	16.39K	PRN	$7.92M 1.37%	16.39K
WAYFAIR INCSOLE	NOTE 1.12511/0	8K	PRN	$7.86M 1.36%	8K
WISDOMTREE INCSOLE	NOTE 3.250 6/1	7.34K	PRN	$7.49M 1.29%	7.34K
EVERBRIDGE INCSOLE	NOTE 0.12512/1	7.70K	PRN	$7.48M 1.29%	7.70K
AKAMAI TECHNOLOGIES INCSOLE	NOTE 0.375 9/0	7K	PRN	$7.40M 1.28%	7K

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