Filed: 8/7/2026ACC: 0001461790-26-000032
📋 What this filing means
K2 PRINCIPAL FUND, L.P. filed this quarterly 13F‑HR report disclosing 462 equity positions with a total reported market value of $1.36B. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
462
Positions
$1.36B
Total AUM (reported)
59.58M
Total Shares
Allocation by class
COM$133.66M9.8%
GOLD SHS$89.44M6.6%
CL A$34.60M2.5%
NOTE 6/1$32.66M2.4%
ORD SHS CL A$32.57M2.4%
NOTE 3/0$31.80M2.3%
COM CL A$28.42M2.1%
Portfolio Concentration
Top 3$140.73M10.3%
4–10$118.66M8.7%
11–25$196.95M14.4%
Rest$908.56M66.6%
Top 3 weight
10.3%
Top 10 weight
19.0%
Voting Authority Distribution
Total shares with voting rights: 59.58M
Sole
Full voting authority
59.58M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole462
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings462
Rows:
SPDR GOLD TR
SOLEShares242.78K
TypeSH
Market value$89.44M
6.55%
Sole
242.78K
Shared
0.00
None
0.00
ALLIED GOLD
SOLEShares15.97K
TypePRN
Market value$26.18M
1.92%
Sole
15.97K
Shared
0.00
None
0.00
VANECK ETF TRUST
SOLEShares255.60K
TypeSH
Market value$25.11M
1.84%
Sole
255.60K
Shared
0.00
None
0.00
STATE STR SPDR SP 500 ETF T
SOLEShares26.80K
TypeSH
Market value$20.01M
1.47%
Sole
26.80K
Shared
0.00
None
0.00
PAR TECHNOLOGY CORP
SOLEShares13.90K
TypePRN
Market value$17.06M
1.25%
Sole
13.90K
Shared
0.00
None
0.00
AVNET
SOLEShares12K
TypePRN
Market value$16.80M
1.23%
Sole
12K
Shared
0.00
None
0.00
AST SPACEMOBILE INC
SOLEShares10.50K
TypePRN
Market value$16.74M
1.23%
Sole
10.50K
Shared
0.00
None
0.00
CLOUDFLARE INC
SOLEShares13K
TypePRN
Market value$16.49M
1.21%
Sole
13K
Shared
0.00
None
0.00
GLOBAL X FDS
SOLEShares210K
TypeSH
Market value$16.16M
1.18%
Sole
210K
Shared
0.00
None
0.00
STRATEGY INC
SOLEShares15K
TypePRN
Market value$15.40M
1.13%
Sole
15K
Shared
0.00
None
0.00
ABIVAX SA
SOLEShares109.50K
TypeSH
Market value$14.59M
1.07%
Sole
109.50K
Shared
0.00
None
0.00
ON SEMICONDUCTOR CORP
SOLEShares12K
TypePRN
Market value$14.49M
1.06%
Sole
12K
Shared
0.00
None
0.00
WAYFAIR INC
SOLEShares9.35K
TypePRN
Market value$14.28M
1.05%
Sole
9.35K
Shared
0.00
None
0.00
GAMESTOP CORP
SOLEShares14K
TypePRN
Market value$14.25M
1.04%
Sole
14K
Shared
0.00
None
0.00
PENNYMAC FINL SVCS INC NEW
SOLEShares159.77K
TypeSH
Market value$13.92M
1.02%
Sole
159.77K
Shared
0.00
None
0.00
GOLAR LNG LTD
SOLEShares12K
TypePRN
Market value$13.74M
1.01%
Sole
12K
Shared
0.00
None
0.00
ISHARES SILVER TR
SOLEShares254.50K
TypeSH
Market value$13.61M
1.00%
Sole
254.50K
Shared
0.00
None
0.00
SOLARIS ENERGY INFRAS INC
SOLEShares8K
TypePRN
Market value$12.95M
0.95%
Sole
8K
Shared
0.00
None
0.00
MARA HOLDINGS INC
SOLEShares12.50K
TypePRN
Market value$12.56M
0.92%
Sole
12.50K
Shared
0.00
None
0.00
I-80 GOLD CORP
SOLEShares11K
TypePRN
Market value$12.25M
0.90%
Sole
11K
Shared
0.00
None
0.00
RUBRIK INC.
SOLEShares12K
TypePRN
Market value$12.24M
0.90%
Sole
12K
Shared
0.00
None
0.00
DROPBOX INC
SOLEShares12K
TypePRN
Market value$12.13M
0.89%
Sole
12K
Shared
0.00
None
0.00
VIRGIN GALATIC HOLDINGS
SOLEShares12.50K
TypePRN
Market value$12.00M
0.88%
Sole
12.50K
Shared
0.00
None
0.00
LUCID GROUP INC
SOLEShares12.50K
TypePRN
Market value$12.00M
0.88%
Sole
12.50K
Shared
0.00
None
0.00
COREWEAVE INC
SOLEShares10K
TypePRN
Market value$11.95M
0.88%
Sole
10K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
SPDR GOLD TRSOLE | GOLD SHS | 242.78K | SH | $89.44M 6.55% | 242.78K | 0.00 | 0.00 |
ALLIED GOLDSOLE | 8.750 09/07/28 '27 CVT | 15.97K | PRN | $26.18M 1.92% | 15.97K | 0.00 | 0.00 |
VANECK ETF TRUSTSOLE | JUNIOR GOLD MINE | 255.60K | SH | $25.11M 1.84% | 255.60K | 0.00 | 0.00 |
STATE STR SPDR SP 500 ETF TSOLE | TR UNIT | 26.80K | SH | $20.01M 1.47% | 26.80K | 0.00 | 0.00 |
PAR TECHNOLOGY CORPSOLE | 4.000 03/15/31 CVT | 13.90K | PRN | $17.06M 1.25% | 13.90K | 0.00 | 0.00 |
AVNETSOLE | 1.750 09/01/30 CVT PUT | 12K | PRN | $16.80M 1.23% | 12K | 0.00 | 0.00 |
AST SPACEMOBILE INCSOLE | 2.375 10/15/32 CVT | 10.50K | PRN | $16.74M 1.23% | 10.50K | 0.00 | 0.00 |
CLOUDFLARE INCSOLE | NOTE 6/1 | 13K | PRN | $16.49M 1.21% | 13K | 0.00 | 0.00 |
GLOBAL X FDSSOLE | GLOBAL X COPPER | 210K | SH | $16.16M 1.18% | 210K | 0.00 | 0.00 |
STRATEGY INCSOLE | NOTE 0.625 9/1 | 15K | PRN | $15.40M 1.13% | 15K | 0.00 | 0.00 |
ABIVAX SASOLE | SPONSORED ADS | 109.50K | SH | $14.59M 1.07% | 109.50K | 0.00 | 0.00 |
ON SEMICONDUCTOR CORPSOLE | NOTE 0.500 3/0 | 12K | PRN | $14.49M 1.06% | 12K | 0.00 | 0.00 |
WAYFAIR INCSOLE | NOTE 3.250 9/1 | 9.35K | PRN | $14.28M 1.05% | 9.35K | 0.00 | 0.00 |
GAMESTOP CORPSOLE | NOTE 4/0 | 14K | PRN | $14.25M 1.04% | 14K | 0.00 | 0.00 |
PENNYMAC FINL SVCS INC NEWSOLE | COM | 159.77K | SH | $13.92M 1.02% | 159.77K | 0.00 | 0.00 |
GOLAR LNG LTDSOLE | 2.750 12/15/30 CVT | 12K | PRN | $13.74M 1.01% | 12K | 0.00 | 0.00 |
ISHARES SILVER TRSOLE | ISHARES | 254.50K | SH | $13.61M 1.00% | 254.50K | 0.00 | 0.00 |
SOLARIS ENERGY INFRAS INCSOLE | NOTE 0.25010/0 | 8K | PRN | $12.95M 0.95% | 8K | 0.00 | 0.00 |
MARA HOLDINGS INCSOLE | NOTE 3/0 | 12.50K | PRN | $12.56M 0.92% | 12.50K | 0.00 | 0.00 |
I-80 GOLD CORPSOLE | 3.750 04/15/31 CVT | 11K | PRN | $12.25M 0.90% | 11K | 0.00 | 0.00 |
RUBRIK INC.SOLE | NOTE 6/1 | 12K | PRN | $12.24M 0.90% | 12K | 0.00 | 0.00 |
DROPBOX INCSOLE | NOTE 3/0 | 12K | PRN | $12.13M 0.89% | 12K | 0.00 | 0.00 |
VIRGIN GALATIC HOLDINGSSOLE | 2.500 02/01/27 CVT | 12.50K | PRN | $12.00M 0.88% | 12.50K | 0.00 | 0.00 |
LUCID GROUP INCSOLE | 1.250 12/15/26 CVT | 12.50K | PRN | $12.00M 0.88% | 12.50K | 0.00 | 0.00 |
COREWEAVE INCSOLE | 1.750 12/01/31 CVT | 10K | PRN | $11.95M 0.88% | 10K | 0.00 | 0.00 |
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