K2 Principal Fund
K2 Principal Fund reported 335 stocks worth $403M in its 13F filing for Q2 2026, filed Aug 7, 2026. Its largest holdings are PFSI (3.5%), GLD (2.9%) and GOOG (2.4%). Compared with Q1 2026, the fund opened new positions in BWA, CIGI and WLII, added to PFSI, GLD and SUNC, trimmed GOOG, FSLR and IBIT and sold out of WLIIU, WLAC and GFUZ.
Holdings
| # | Stock | Value | Weight | Shares | Change | Shares, 8 qtrs | Held |
|---|---|---|---|---|---|---|---|
| 1 |  PFSI Pennymac Finl Svcs Inc New | $13.9M | 3.5% | 160K | +79K (+97%) | 4 of 8 | |
| 2 |  GLD Spdr Gold TR | $11.9M | 2.9% | 32K | +18K (+120%) | 7 of 8 | |
| 3 |  GOOG Alphabet Inc | $9.5M | 2.4% | 27K | −6,432 (−19%) | 7 of 8 | |
| 4 |  SUNC Sunococorp LLC C | $8.3M | 2.1% | 123K | +18K (+17%) | 3 of 8 | |
| 5 |  DCH AMERICAN AXLE & MFG HLDGS IN | $7M | 1.8% | 1.3M | +112K (+9%) | 4 of 8 | |
| 6 |  BWA Borgwarner Inc | $6.7M | 1.7% | 101K | New position | 1 of 8 | |
| 7 |  CIGI Colliers Intl Group Inc | $6.5M | 1.6% | 70K | New position | 1 of 8 | |
| 8 |  APP Applovin Corp | $5.7M | 1.4% | 11K | +1,011 (+10%) | 5 of 8 | |
| 9 | ARCHIMEDES TECH SPAC PARTNER | $5.7M | 1.4% | 526K | +438K (+499%) | 5 of 8 | |
| 10 |  FSLR First Solar Inc | $5.5M | 1.4% | 24K | −9,000 (−28%) | 7 of 8 |
Positions at Jun 30, 2026, as reported. Change is against the fund's Q1 2026 filing; weight is the share of the fund's reported stocks.
Sold out
held in Q1 2026, gone in Q2 2026| Stock | Value last quarter | Shares sold |
|---|---|---|
 WLIIU Willow Lane Acquisition Crp | $4.5M | 450K |
 WLAC Willow Lane Acquisition Corp | $4.2M | 398K |
 GFUZ Spring VY Acquisition Corp I Shs CL | $3.8M | 371K |
 AQN Algonquin Pwr Utils Corp | $3.7M | 600K |
CANTOR EQUITY PARTNERS II IN | $3M | 280K |
🔒 Free account: see all 30.
Options
valued at the underlying shares| Stock | Type | Value | Shares | Change |
|---|---|---|---|---|
GLD Spdr Gold TR | Call | $54.7M | 149K | −52,000 |
GLD Spdr Gold TR | Put | $22.8M | 62K | −11,000 |
 GDXJ Vaneck Junior Gold | Put | $19.2M | 195K | +87,500 |
 COPX Global X | Put | $13.9M | 180K | −14,000 |
 SPY Spdr S&P 500 ETF TR | Put | $11.9M | 16K | −59,100 |
🔒 Free account: see all 20.
Reported value
last 8 quartersThe value of the US stocks the fund reported, at quarter end prices. It moves with the market as well as with buying and selling.
Filings for Q2 2026
straight from the SEC| Filed | Form | Quarter | |
|---|---|---|---|
| Aug 7, 2026 | 13F-HR | Q2 2026 | SEC filing ↗ |
Other superinvestors
All hedge fund holdings →K2 Principal Fund 13F FAQ
What does K2 Principal Fund own?
K2 Principal Fund reported 335 stocks worth $403M in its 13F filing for Q2 2026, filed Aug 7, 2026. Its largest holdings are PFSI (3.5%), GLD (2.9%) and GOOG (2.4%). The table above lists every position in the filing (the top 10 without an account).
What did K2 Principal Fund buy and sell in Q2 2026?
Compared with Q1 2026: 117 new positions, 55 added to, 59 trimmed and 97 sold out. New positions include BWA, CIGI and WLII. It sold all of WLIIU, WLAC and GFUZ.
When will K2 Principal Fund file its next 13F?
Holdings as of Sep 30, 2026 are due by Nov 16, 2026. The filing appears on this page within minutes of reaching the SEC.
How much is K2 Principal Fund's portfolio worth?
The Q2 2026 filing reports $403M in US stocks ($680M including options). That leaves out cash, bonds, short positions and most foreign holdings, so the fund's total assets are usually larger.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Holdings come from the fund's SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. The fund may have changed its positions since. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.