K2 Principal Fund, L.P. reported 200 positions worth $316.23M for the quarter ended Jun 30, 2026, up 17.5% on the prior quarter. It opened 59 new positions, added to 37, trimmed 49 and exited 62. Its largest holding is PennyMac Financial Services, Inc. at 4.4% of the portfolio.
Reported 13F market value at each quarter end. A change mixes trading with price moves in the positions held.
Dollar value of shares bought and sold each quarter, at that quarter’s price. It counts trading only, not price changes.
How many positions were opened, added to, trimmed or closed each quarter.
Share of reported value in each sector at every quarter end.
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| PFSI PennyMac Financial Services, Inc. | +78.8K | +97.2% | $6.86M | 4.4% |
| BWA Borgwarner Inc | +101.4K | – | $6.73M | 2.13% |
| CIGI Colliers International Group Inc. | +69.6K | – | $6.52M | 2.06% |
| GLD Spdr Gold Trust | +17.6K | +120.4% | $6.48M | 3.75% |
| WLII Willow Lane Acquisition Corp. II | +439.3K | – | $4.49M | 1.42% |
| KVUE Kenvue Inc. | +229.1K | – | $4.38M | 1.38% |
| EVLV Evolv Technologies Holdings, Inc. | +663.4K | – | $3.85M | 1.22% |
| LLYVA Liberty Live Holdings, Inc. | +37.8K | – | $3.83M | 1.21% |
| IMAX Imax Corp | +93.1K | – | $3.71M | 1.17% |
| NKTR Nektar Therapeutics | +50.5K | – | $3.52M | 1.11% |
| Holding | Change | Change % | Trade Value | Weight |
|---|---|---|---|---|
| LION Lionsgate Studios Corp. | -384.6K | -91.7% | $5.89M | 0.17% |
| WLIIU Willow Lane Acquisition Corp. II | -450.0K | -100.0% | $4.55M | Exited |
| ABVX Abivax S.A. | -29.3K | -54.6% | $3.91M | 1.03% |
| AQN Algonquin Power & Utilities Corp. | -600.0K | -100.0% | $3.68M | Exited |
| ELE Elemental Royalty Corp | -106.3K | -100.0% | $2.78M | Exited |
| PTON Peloton Interactive, Inc. | -439.0K | -93.8% | $2.59M | 0.055% |
| TMTSU Spartacus Acquisition Corp. II | -250.0K | -100.0% | $2.51M | Exited |
| PUMP ProPetro Holding Corp. | -162.2K | -100.0% | $2.34M | Exited |
| GOOG Alphabet Inc. | -6,432 | -19.4% | $2.27M | 2.99% |
| VST Vistra Corp. | -13.8K | -53.2% | $2.18M | 0.606% |
| Holding | Shares | Trade Value | Weight |
|---|---|---|---|
| BWA Borgwarner Inc | +101.4K | $6.73M | 2.13% |
| CIGI Colliers International Group Inc. | +69.6K | $6.52M | 2.06% |
| WLII Willow Lane Acquisition Corp. II | +439.3K | $4.49M | 1.42% |
| KVUE Kenvue Inc. | +229.1K | $4.38M | 1.38% |
| EVLV Evolv Technologies Holdings, Inc. | +663.4K | $3.85M | 1.22% |
| LLYVA Liberty Live Holdings, Inc. | +37.8K | $3.83M | 1.21% |
| IMAX Imax Corp | +93.1K | $3.71M | 1.17% |
| NKTR Nektar Therapeutics | +50.5K | $3.52M | 1.11% |
| MTAL Metals Acquisition Corp. II | +332.2K | $3.37M | 1.07% |
| OTGA OTG Acquisition Corp. I | +300.0K | $3.05M | 0.963% |
| Holding | Shares Sold | Trade Value | Prior Weight |
|---|---|---|---|
| WLIIU Willow Lane Acquisition Corp. II | -450.0K | $4.55M | 1.69% |
| AQN Algonquin Power & Utilities Corp. | -600.0K | $3.68M | 1.37% |
| ELE Elemental Royalty Corp | -106.3K | $2.78M | 1.03% |
| TMTSU Spartacus Acquisition Corp. II | -250.0K | $2.51M | 0.932% |
| PUMP ProPetro Holding Corp. | -162.2K | $2.34M | 0.869% |
| TACO Berto Acquisition Corp. | -208.3K | $2.14M | 0.794% |
| IPFXU Inflection Point Acquisition Corp. VI | -200.0K | $2.02M | 0.752% |
| HACQU HCM IV Acquisition Corp. | -200.0K | $2.01M | 0.746% |
| SUMAU SUMA Acquisition Corp | -200.0K | $2.00M | 0.745% |
| APTV Aptiv PLC | -27.7K | $1.92M | 0.714% |
| # | Activity | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 1 | PFSI PennyMac Financial Services, Inc. | Financial Services | 159.8K | $13.92M | 4.4% | +78.8K | +97.2% | Added | 0.31% |
| 2 | GLD Spdr Gold Trust | Financial Services | 32.2K | $11.85M | 3.75% | +17.6K | +120.4% | Added | 0.01% |
| 3 | GOOG Alphabet Inc. | Technology | 26.8K | $9.46M | 2.99% | -6,432 | -19.4% | Reduced | 0% |
| 4 | SUNC SunocoCorp LLC | Energy | 122.8K | $8.31M | 2.63% | +17.7K | +16.9% | Added | 0.24% |
| 5 | DCH Dauch Corp | Consumer Discretionary | 1.30M | $7.03M | 2.22% | +112.3K | +9.5% | Added | 0.53% |
| 6 | BWA Borgwarner Inc | Industrials | 101.4K | $6.73M | 2.13% | +101.4K | – | New | 0.05% |
| 7 | CIGI Colliers International Group Inc. | Real Estate | 69.6K | $6.52M | 2.06% | +69.6K | – | New | 0.14% |
| 8 | APP AppLovin Corp | Technology | 11.1K | $5.71M | 1.81% | +1,011 | +10.0% | Added | 0% |
| 9 | FSLR First Solar, Inc. | Industrials | 23.5K | $5.55M | 1.75% | -9,000 | -27.7% | Reduced | 0.02% |
| 10 | CCII Cohen Circle Acquisition Corp. II | Financial Services | 530.7K | $5.47M | 1.73% | +131.5K | +33.0% | Added | 1.53% |
| 11 | RYAM Rayonier Advanced Materials Inc. | Basic Materials | 615.7K | $4.84M | 1.53% | +295.3K | +92.2% | Added | 0.91% |
| 12 | NSC Norfolk Southern Corp | Industrials | 15.0K | $4.72M | 1.49% | +900 | +6.4% | Added | 0.01% |
| 13 | RDDT Reddit, Inc. | Technology | 26.9K | $4.67M | 1.48% | +9,307 | +52.9% | Added | 0.02% |
| 14 | WLII Willow Lane Acquisition Corp. II | Financial Services | 439.3K | $4.49M | 1.42% | +439.3K | – | New | 2.18% |
| 15 | KVUE Kenvue Inc. | Consumer Staples | 229.1K | $4.38M | 1.38% | +229.1K | – | New | 0.01% |
Tip. Select a row to see that position’s full history at K2 Principal Fund.
As of its Q2 2026 13F filing, K2 Principal Fund, L.P.’s five largest positions were PennyMac Financial Services, Inc. (PFSI) at 4.4%, Spdr Gold Trust (GLD) at 3.7%, Alphabet Inc. (GOOG) at 3.0%, SunocoCorp LLC (SUNC) at 2.6%, Dauch Corp (DCH) at 2.2% of the reported portfolio.
K2 Principal Fund, L.P. reported a 13F portfolio worth $316.23M across 200 positions for Q2 2026. That is up 17.5% from the previous quarter.
Its largest purchases by value were PennyMac Financial Services, Inc. ($6.86M), Borgwarner Inc ($6.73M), Colliers International Group Inc. ($6.52M). It opened 59 new positions.
Its largest sales by value were Lionsgate Studios Corp. ($5.89M), Willow Lane Acquisition Corp. II ($4.55M), Abivax S.A. ($3.91M). It exited 62 positions entirely.
From the Form 13F-HR reports K2 Principal Fund, L.P. files with the SEC each quarter, within 45 days of quarter end. A 13F lists long positions in US-listed equities and options; it excludes short positions, cash, bonds and most non-US holdings.
13F data reflects long positions in US-listed equities and options as reported to the SEC up to 45 days after quarter end. It excludes short positions, cash, bonds and most non-US securities, so it is not a complete picture of a manager’s assets.