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Asset Manager ← All Institutions

K2 PRINCIPAL FUND, L.P.

Q2 2026 · Filed 2026-08-07
Market Value
$391M
+21.6%
Holdings
377
+33
New Purchases
101
Added To
52
Closed
80
Reduced
53
Top 10 Concentration
20.6%
Turnover
48.0%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
BWA 1.72% 0.00% +1.72% $7M
CIGI 1.67% 0.00% +1.67% $7M
PFSI 3.56% 2.20% +1.36% $14M
ATII 1.45% 0.28% +1.17% $6M
WLII 1.15% 0.00% +1.15% $4M
KVUE 1.12% 0.00% +1.12% $4M
RMAX 1.10% 0.00% +1.10% $4M
GLD 3.03% 1.95% +1.08% $12M
AAC-UN 1.03% 0.00% +1.03% $4M
EVLV 0.98% 0.00% +0.98% $4M
LLYVA 0.98% 0.00% +0.98% $4M
IMAX 0.95% 0.00% +0.95% $4M
NKTR 0.90% 0.00% +0.90% $4M
MTAL 0.86% 0.00% +0.86% $3M
OTGA 0.78% 0.00% +0.78% $3M

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
WLIIU 0.00% 1.41% -1.41% $0
SVAC 0.00% 1.17% -1.17% $0
AQN 0.00% 1.15% -1.15% $0
LION 0.14% 1.25% -1.11% $536K
ABVX 0.83% 1.86% -1.03% $3M
CEPT 0.00% 0.95% -0.95% $0
ELE 0.00% 0.87% -0.87% $0
TMTSU 0.00% 0.78% -0.78% $0
SEMR 0.00% 0.74% -0.74% $0
PUMP 0.00% 0.73% -0.73% $0
VST 0.49% 1.21% -0.72% $2M
CAEP 0.00% 0.70% -0.70% $0
BEP 0.58% 1.28% -0.70% $2M
TACO 0.00% 0.66% -0.66% $0
CLBR 0.52% 1.16% -0.64% $2M

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 11 $25M 6.4%
Large Cap 36 $76M 19.5%
Mid Cap 40 $63M 16.0%
Small Cap 100 $129M 33.0%
Micro Cap 190 $98M 25.2%

Portfolio Analytics

Avg Market Cap
$55.5B
Median Market Cap
$296M
Avg P/E
45.6
Median P/E
33.7
Avg Dividend Yield
0.02%
Avg Beta
0.93
# Stocks
360
# ETFs / Funds
17

Top Holdings (377 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 PFSI 3.56% 159,766 $14M $87.10 $7M +78,764 +97.2%
2 GLD 3.03% 32,180 $12M $368.38 $6M +17,577 +120.4%
3 GOOG 2.42% 26,773 $9M $353.33 -$65K -6,432 -19.4%
4 SUNC 2.12% 122,821 $8M $67.67 $2M +17,731 +16.9%
5 DCH 1.80% 1,297,209 $7M $5.42 $4K +112,291 +9.5%
6 BWA 1.72% 101,430 $7M $66.40 — +101,430 — NEW
7 CIGI 1.67% 69,557 $7M $93.79 — +69,557 — NEW
8 APP 1.46% 11,079 $6M $515.23 $2M +1,011 +10.0%
9 ATII 1.45% 526,227 $6M $10.78 $5M +438,327 +498.7%
10 FSLR 1.42% 23,500 $6M $235.96 -$866K -9,000 -27.7%
11 CCII 1.40% 530,739 $5M $10.30 $1M +131,539 +33.0%
12 RYAM 1.24% 615,738 $5M $7.86 $1M +295,338 +92.2%
13 NSC 1.21% 14,991 $5M $314.59 $672K +900 +6.4%
14 RDDT 1.19% 26,913 $5M $173.58 $2M +9,307 +52.9%
15 SKYT 1.16% 130,705 $5M $34.82 $3M +76,052 +139.2%
16 WLII 1.15% 439,328 $4M $10.23 — +439,328 — NEW
17 KVUE 1.12% 229,093 $4M $19.11 — +229,093 — NEW
18 MSFT 1.11% 11,638 $4M $373.02 $2M +5,638 +94.0%
19 RMAX 1.10% 434,766 $4M $9.86 — +434,766 — NEW
20 IBIT 1.04% 122,542 $4M $33.29 -$1M -11,280 -8.4%
21 GFR 1.04% 720,740 $4M $5.65 -$77K +64,300 +9.8%
22 CMII 1.04% 400,000 $4M $10.14 $739K +62,585 +18.6%
23 AAC-UN 1.03% 400,000 $4M $10.05 — +400,000 — NEW
24 PZZA 1.03% 109,300 $4M $36.77 $2M +36,100 +49.3%
25 OACC 1.00% 365,900 $4M $10.70 $2M +170,608 +87.4%
26 EVLV 0.98% 663,392 $4M $5.80 — +663,392 — NEW
27 LLYVA 0.98% 37,843 $4M $101.26 — +37,843 — NEW
28 XPOF 0.95% 537,923 $4M $6.92 $110K -62,077 -10.3%
29 IMAX 0.95% 93,100 $4M $39.86 — +93,100 — NEW
30 MTA 0.93% 479,760 $4M $7.61 $3M +398,000 +486.8%
31 NKTR 0.90% 50,465 $4M $69.81 — +50,465 — NEW
32 MTAL 0.86% 332,197 $3M $10.15 — +332,197 — NEW
33 CEPF 0.85% 318,199 $3M $10.40 $677K +59,858 +23.2%
34 ABVX 0.83% 24,403 $3M $133.26 -$3M -29,338 -54.6%
35 PMTR 0.79% 297,237 $3M $10.42 $48K — —
36 ARCI 0.79% 308,333 $3M $10.01 $136K +8,797 +2.9%
37 OTGA 0.78% 300,000 $3M $10.15 — +300,000 — NEW
38 SBTX 0.77% 375,132 $3M $8.01 -$1M -184,565 -33.0%
39 DBRG 0.77% 190,000 $3M $15.78 $68K — —
40 CORZW 0.76% 158,192 $3M $18.80 $2M — —
41 IEAG 0.75% 288,400 $3M $10.12 -$81K -11,600 -3.9%
42 ASML 0.74% 1,464 $3M $1,989.44 $931K -36 -2.4%
43 KEYY 0.74% 293,023 $3M $9.86 — +293,023 — NEW
44 SRG 0.73% 1,081,400 $3M $2.63 -$195K — —
45 JENA 0.72% 273,000 $3M $10.36 $38K — —
46 IPFX 0.72% 271,366 $3M $10.34 — +271,366 — NEW
47 AEXA 0.72% 237,265 $3M $11.82 $805K +52,600 +28.5%
48 TLNC 0.69% 260,000 $3M $10.31 $131K +10,000 +4.0%
49 BEAG 0.68% 250,000 $3M $10.68 -$571K -56,918 -18.6%
50 CRAN 0.68% 262,019 $3M $10.13 $2M +162,019 +162.0%
51 HCMA 0.67% 253,936 $3M $10.28 $594K +53,936 +27.0%
52 BRR 0.66% 1,675,800 $3M $1.54 -$696K +122,900 +7.9%
53 NHIVU 0.65% 250,000 $3M $10.25 — +250,000 — NEW
54 OR 0.65% 80,000 $3M $31.63 -$511K — —
55 FVAV 0.65% 250,000 $3M $10.11 — +250,000 — NEW
56 CRAQ 0.64% 243,140 $3M $10.30 $320K +28,109 +13.1%
57 ENTG 0.63% 13,739 $2M $179.86 — +13,739 — NEW
58 CCXI 0.63% 140,403 $2M $17.45 — +140,403 — NEW
59 GFL 0.61% 65,300 $2M $36.79 — +65,300 — NEW
60 BTI 0.60% 38,000 $2M $61.76 -$1M -21,626 -36.3%
61 QRVO 0.59% 24,836 $2M $93.27 $1M +10,356 +71.5%
62 CAES 0.58% 226,200 $2M $10.09 — +226,200 — NEW
63 BEP 0.58% 65,400 $2M $34.73 -$2M -60,400 -48.0%
64 NOK 0.58% 170,300 $2M $13.28 $2M +135,300 +386.6%
65 MTNE 0.57% 227,188 $2M $9.85 — +227,188 — NEW
66 AMZN 0.56% 9,259 $2M $238.34 -$1M -6,882 -42.6%
67 RGLD 0.54% 10,625 $2M $199.61 -$583K — —
68 SAAQ 0.54% 207,061 $2M $10.20 -$1K -5,100 -2.4%
69 NLOP 0.53% 186,702 $2M $11.13 $232K +26,417 +16.5%
70 FCRS 0.53% 200,872 $2M $10.30 $1M +100,872 +100.9%
71 BCSS 0.52% 200,000 $2M $10.27 $32K — —
72 CLBR 0.52% 200,000 $2M $10.25 -$2M -172,211 -46.3%
73 VACI 0.52% 200,301 $2M $10.22 $356K +30,000 +17.6%
74 GHXIU 0.52% 200,000 $2M $10.15 — +200,000 — NEW
75 YICCU 0.51% 200,000 $2M $10.04 — +200,000 — NEW
76 LRCX 0.51% 4,631 $2M $433.33 $2M +2,631 +131.6%
77 TMTS 0.51% 200,000 $2M $10.01 — +200,000 — NEW
78 KRAQ 0.51% 200,000 $2M $10.00 — +200,000 — NEW
79 IACQ 0.51% 200,000 $2M $9.99 — +200,000 — NEW
80 GCGR 0.51% 198,000 $2M $10.09 — +198,000 — NEW
81 DBCA 0.51% 200,000 $2M $9.97 -$730K -76,220 -27.6%
82 PCSC 0.51% 182,124 $2M $10.88 — +182,124 — NEW
83 OHAC 0.51% 200,000 $2M $9.90 — +200,000 — NEW
84 SUMA 0.50% 198,490 $2M $9.89 — +198,490 — NEW
85 AIBZ 0.49% 282,631 $2M $6.84 — +282,631 — NEW
86 VST 0.49% 12,085 $2M $158.63 -$2M -13,765 -53.2%
87 CMPS 0.49% 135,100 $2M $14.15 — +135,100 — NEW
88 FNV 0.46% 8,625 $2M $208.44 -$333K — —
89 KPET 0.45% 175,998 $2M $9.98 — +175,998 — NEW
90 ACAA 0.41% 162,984 $2M $9.96 — +162,984 — NEW
91 MKSI 0.40% 3,500 $2M $444.80 — +3,500 — NEW
92 ALUB 0.38% 150,000 $2M $10.04 $9K — —
93 HACQ 0.38% 150,000 $2M $10.03 — +150,000 — NEW
94 KBON 0.38% 148,548 $2M $10.10 — +148,548 — NEW
95 RTAC 0.38% 141,290 $1M $10.48 $150K +11,832 +9.1%
96 ESI 0.37% 30,284 $1M $47.75 -$213K -18,316 -37.7%
97 CXII 0.36% 133,130 $1M $10.65 — +133,130 — NEW
98 WENN 0.36% 137,623 $1M $10.29 $398K +37,623 +37.6%
99 META 0.36% 2,500 $1M $563.29 — +2,500 — NEW
100 KEYS 0.36% 4,000 $1M $350.07 $948K +2,400 +150.0%

Options Breakdown

70 Calls $165M Call Value 58 Puts $110M Put Value 0.66 P/C Ratio

Top Calls

SymbolSharesValueStatus
GLD 148,600 $55M
SLV 217,500 $12M
ABVX 85,100 $11M
IJR 66,000 $10M NEW
SPY 10,900 $8M
TE 694,500 $7M
GDXJ 60,600 $6M
USO 50,000 $5M NEW
QQQ 7,000 $5M
DCH 790,300 $4M

Top Puts

SymbolSharesValueStatus
GLD 62,000 $23M
GDXJ 195,000 $19M
COPX 180,000 $14M
SPY 15,900 $12M
FCX 176,400 $11M
EA 50,500 $10M NEW
EFA 60,000 $6M NEW
GME 200,000 $4M
SLV 37,000 $2M
W 17,000 $2M

New Positions

SymbolValue% Port
BWA $7M 1.72%
CIGI $7M 1.67%
WLII $4M 1.15%
KVUE $4M 1.12%
RMAX $4M 1.10%
AAC-UN $4M 1.03%
EVLV $4M 0.98%
LLYVA $4M 0.98%
IMAX $4M 0.95%
NKTR $4M 0.90%
MTAL $3M 0.86%
OTGA $3M 0.78%
KEYY $3M 0.74%
IPFX $3M 0.72%
NHIVU $3M 0.65%

Sold Out Positions

SymbolValue% Port
MRK — —%
NVT — —%
EVC — —%
CNR — —%
CODI — —%
MBC — —%
CARS — —%
AQN — —%
AMTM — —%
KCAC-UN — —%
GENI — —%
BTU — —%
SPHR — —%
PUMP — —%
TE — —%
View SEC EDGAR Filings for K2 PRINCIPAL FUND, L.P. →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms