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CIK: 0001461790
Total reported value
$1.4B
$1.4B
322 檔
15.9%
The Q3 2025 SEC filing reveals that K2 Principal Fund, L.p. held a total portfolio value of $1.4B, covering 322 public equity positions.
In Q3 2025, K2 Principal Fund, L.p. displayed an active expansion posture, initiating 25 new positions and adding to 9 existing holdings, outstripping position reductions.
In terms of portfolio concentration, the top 5 core holdings (including GLD, VOO, SLV) accounted for 15.9% of total reported equity market value during Q3 2025.
Showing top 200 holdings (of 322 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | GLD | Spdr Gold Shares | ETF-Commodities | 8.65% | -2.11% | +108.46% | |
| 2 | VOO | Vanguard S&p 500 ETF | ETF-Large Cap & Growth | 2.74% | -0.21% | EXIT | |
| 3 | SLV | Ishares Silver Trust | ETF-Commodities | 2.57% | -0.35% | +114.92% | |
| 4 | WDC 3 11-15-28Bond | Western Digital CORP | Bond | 1.95% | — | — | |
| 5 | ✓ | Stock-Other | 1.75% | — | — | ||
| 6 | QQQ | Invesco Qqq Trust Series 1 | ETF-Tech | 1.71% | -0.47% | — | |
| 7 | AAUC 8.75 09-07-28Bond | Allied Gold CORP | Bond | 1.46% | +1.92% | NEW | |
| 8 | BTI | British American Tob-sp Adr | Stock-Consumer Staples | 1.45% | -0.05% | -21.68% | |
| 9 | ✓ | Stock-Other | 1.43% | — | — | ||
| 10 | LITE 1.5 12-15-29Bond | Lumentum Holdings Inc | Bond | 1.37% | — | — | |
| 11 | SPHR 3.5 12-01-28Bond | Sphere Entertainment Co | Bond | 1.31% | — | — | |
| 12 | AGCN 0.375 01-15-27Bond | First Majestic Silver | Bond | 1.25% | — | — | |
| 13 | PTON 0 02-15-26Bond | Peloton Interactive Inc | Bond | 1.25% | — | — | |
| 14 | VAC 0 01-15-26Bond | Marriott Vacation Worldw | Bond | 1.20% | — | — | |
| 15 | NTNX 0.25 10-01-27Bond | Nutanix Inc | Bond | 1.13% | — | — | |
| 16 | CORZ | Core Scientific Inc | Stock-Tech | 1.12% | +0.09% | +6.45% | |
| 17 | DBX 0 03-01-26Bond | Dropbox Inc | Bond | 1.11% | — | — | |
| 18 | TRIP 0.25 04-01-26Bond | Tripadvisor Inc | Bond | 1.11% | -0.98% | EXIT | |
| 19 | ✓ | Stock-Other | 1.09% | — | — | ||
| 20 | SPCE 2.5 02-01-27Bond | Virgin Galactic Holdings | Bond | 1.08% | +0.88% | NEW | |
| 21 | ✓ | MARA Holdings Inc | Stock-Other | 1.02% | — | — | |
| 22 | OPEN | Opendoor Technologies Inc | Stock-Real Estate | 1.01% | — | — | |
| 23 | CRWV | Coreweave Inc-cl A | Stock-Tech | 0.99% | — | +795.00% | |
| 24 | W | Wayfair Inc- Class A | Stock-Consumer Disc | 0.94% | +0.02% | +979.17% | |
| 25 | HOTUCN 6 12-31-26Bond | Amer Hotel Inc Prop Reit | Bond | 0.89% | — | — | |
| 26 | HHH | Howard Hughes Holdings Inc | Stock-Real Estate | 0.87% | — | +150.00% | |
| 27 | ETSY 0.125 10-01-26Bond | Etsy Inc | Bond | 0.85% | — | — | |
| 28 | AMC 6 04-30-30 144ABond | Muvico LLC | Bond | 0.85% | +0.16% | — | |
| 29 | BBCN 3 02-15-29Bond | Blackberry LTD | Bond | 0.84% | -0.56% | EXIT | |
| 30 | STRCNA 6.875 08-01-26 144ABond | Strathcona Resources | Bond | 0.81% | — | — | |
| 31 | XIFR 2.5 06-15-26Bond | Xplr Infrastructure LP | Bond | 0.80% | -0.69% | EXIT | |
| 32 | JBLU 0.5 04-01-26Bond | Jetblue Airways CORP | Bond | 0.79% | -0.96% | EXIT | |
| 33 | SNAP 0.75 08-01-26Bond | Snap Inc | Bond | 0.79% | +0.04% | — | |
| 34 | UPST 0.25 08-15-26Bond | Upstart Holdings Inc | Bond | 0.78% | +0.05% | — | |
| 35 | GFR 12 10-01-28 144ABond | Greenfire Resources LTD | Bond | 0.77% | — | — | |
| 36 | WT 3.25 06-15-26Bond | Wisdomtree Investments | Bond | 0.77% | — | — | |
| 37 | RPD 0.25 03-15-27Bond | Rapid7 Inc | Bond | 0.76% | — | — | |
| 38 | CENX 2.75 05-01-28Bond | Century Aluminum Company | Bond | 0.76% | — | — | |
| 39 | LCID 1.25 12-15-26Bond | Lucid Group Inc | Bond | 0.76% | +0.06% | — | |
| 40 | GLXYLP 2.5 12-01-29Bond | Galaxy Digital Holdin LP | Bond | 0.74% | +0.16% | — | |
| 41 | FSLY 0 03-15-26Bond | Fastly Inc | Bond | 0.74% | — | — | |
| 42 | ✓ | Applied Optoele | Stock-Other | 0.73% | — | — | |
| 43 | IIPR 5.5 05-25-26 *Bond | Iip Operating Partner | Bond | 0.73% | -0.53% | EXIT | |
| 44 | COIN 0.25 04-01-30Bond | Coinbase Global Inc | Bond | 0.71% | — | — | |
| 45 | ✓ | Stock-Other | 0.70% | — | — | ||
| 46 | SEI 4.75 05-01-30Bond | Solaris Energy Infrastru | Bond | 0.70% | — | — | |
| 47 | BTOCN 2.75 02-01-30Bond | B2gold CORP | Bond | 0.69% | — | — | |
| 48 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | ETF-High Yield | 0.66% | -0.83% | EXIT | |
| 49 | LYV 3.125 01-15-29Bond | Live Nation Entertainmen | Bond | 0.66% | -0.53% | EXIT | |
| 50 | FCX | Freeport-mcmoran Inc | Stock-Materials | 0.66% | -0.04% | +174.67% |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | GLD | Spdr Gold Shares | +2.5% | +108.46% | Add |
| 2 | SLV | Ishares Silver Trust | +1.9% | +114.92% | Add |
| 3 | VOO | Vanguard S&p 500 ETF | +1% | +633.33% | Add |
| 4 | W | Wayfair Inc- Class A | +0.9% | +979.17% | Add |
| 5 | FCX | Freeport-mcmoran Inc | +0.6% | +174.67% | Add |
| 6 | ✓ | +0.5% | — | Add | |
| 7 | LITE 1.5 12-15-29Bond | Lumentum Holdings Inc | +0.5% | — | Add |
| 8 | SPHR | Sphere Entertainment Co | +0.5% | — | Add |
| 9 | AGCN 0.375 01-15-27Bond | First Majestic Silver | +0.1% | — | Add |
| 10 | TLN | Talen Energy CORP | -1% | -57.45% | Trim |
| 11 | ✓ | -1% | -22.12% | Trim | |
| 12 | OPEN 0.25 08-15-26Bond | Opendoor Technologies In | -1.1% | — | Trim |
| 13 | IBIT | Ishares Bitcoin Trust ETF | -1.4% | -86.57% | Trim |
| 14 | GOOG | Alphabet Inc-cl C | -1.6% | -10.00% | Trim |
| 15 | WDC 3 11-15-28Bond | Western Digital CORP | — | NEW | New buy |
| 16 | ✓ | — | NEW | New buy | |
| 17 | QQQ | Invesco Qqq Trust Series 1 | — | NEW | New buy |
| 18 | AAUC 8.75 09-07-28Bond | Allied Gold CORP | — | NEW | New buy |
| 19 | BTI | British American Tob-sp Adr | — | NEW | New buy |
| 20 | ✓ | — | NEW | New buy | |
| 21 | VAC 0 01-15-26Bond | Marriott Vacation Worldw | — | NEW | New buy |
| 22 | CORZ | Core Scientific Inc | — | NEW | New buy |
| 23 | ACACN 4 07-01-25Bond | Air Canada | — | EXIT | Sold out |
| 24 | KAR 5.125 06-01-25 144ABond | Openlane Inc | — | EXIT | Sold out |
| 25 | OPEN | Opendoor Technologies Inc | — | NEW | New buy |
| 26 | CRWV | Coreweave Inc-cl A | — | NEW | New buy |
| 27 | HOTUCN 6 12-31-26Bond | Amer Hotel Inc Prop Reit | — | NEW | New buy |
| 28 | HHH | Howard Hughes Holdings Inc | — | NEW | New buy |
| 29 | ETSY 0.125 10-01-26Bond | Etsy Inc | — | NEW | New buy |
| 30 | SNAP 0.75 08-01-26Bond | Snap Inc | — | NEW | New buy |
| 31 | NICEIT 0 09-15-25Bond | Nice LTD | — | EXIT | Sold out |
| 32 | COIN 0.25 04-01-30Bond | Coinbase Global Inc | — | NEW | New buy |
| 33 | SEI 4.75 05-01-30Bond | Solaris Energy Infrastru | — | NEW | New buy |
| 34 | HYG | Ishr Ibx Usd Hiyld Cb Etf-ui | — | NEW | New buy |
| 35 | LYV 3.125 01-15-29Bond | Live Nation Entertainmen | — | NEW | New buy |
| 36 | ✓ | — | NEW | New buy | |
| 37 | ✓ | Gamestop CORP | — | NEW | New buy |
| 38 | ACCD 0.5 04-01-26Bond | Accolade Inc | — | EXIT | Sold out |
| 39 | CEC 6.75 05-01-26 144ABond | Cec Entertainment LLC | — | EXIT | Sold out |
| 40 | WT 3.25 08-15-29Bond | Wisdomtree Inc | — | NEW | New buy |
| 41 | GDXJ | Vaneck Junior Gold Miners | — | NEW | New buy |
| 42 | HEES 3.875 12-15-28 144ABond | H&e Equipment Services | — | EXIT | Sold out |
| 43 | PEB 1.75 12-15-26Bond | Pebblebrook Hotel Trust | — | NEW | New buy |
| 44 | FLR 1.125 08-15-29Bond | Fluor CORP | — | NEW | New buy |
| 45 | VRNT 0.25 04-15-26Bond | Verint Systems Inc | — | NEW | New buy |
| 46 | SNAP 0.25 05-01-25Bond | Snap Inc | — | EXIT | Sold out |
| 47 | ✓ | Coin 0.250 04/01/30 Cvt | — | EXIT | Sold out |
| 48 | SABHLD 4 04-15-25Bond | Sabre Glbl Inc | — | EXIT | Sold out |
| 49 | CORZ 0 06-15-31Bond | Core Scientific Inc | — | EXIT | Sold out |
| 50 | PENN 2.75 05-15-26Bond | Penn Entertainment Inc | — | EXIT | Sold out |
According to official SEC Form 13F filings, K2 Principal Fund, L.p. reported a total U.S. public equity portfolio value of $1.4B across 322 disclosed positions in Q3 2025.
Expert Analysis & Guides for Tracking Wall Street Smart Money Movements
Learn how SEC Form 13F filings work, the $100M threshold, 45-day reporting lag, and how to track top hedge fund holdings.
Top New Position Initiated
WDC 3 11-15-28
市值: $24.0M
Top Position Liquidated / Trimmed
ACACN 4 07-01-25
前期市值: $12.7M
During Q3 2025, K2 Principal Fund, L.p.'s top holdings by market value included GLD (8.7%)、VOO (2.7%)、SLV (2.6%). The largest single position, GLD, represented 8.7% of total portfolio value.
In Q3 2025, K2 Principal Fund, L.p. made 50 total portfolio adjustments, initiating 25 new buys, adding to 9 positions, trimming 5 holdings, and fully liquidating 11 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
Understand SEC Form 4 insider disclosures for corporate officers, directors, and 10% owners to track executive transactions.
Understand Rule 144 restricted stock sale notices to spot planned insider liquidations before market sell pressure arrives.
Explore the 5% beneficial ownership threshold, 13D vs 13G filing differences, and recent SEC accelerated deadline rules.
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