K2 Principal Fund, L.P. holds a diversified book of 416 stocks worth $1.1B as of Q2 2026 (disclosed Aug 7, 2026, a ~38-day 13F lag). This quarter they opened Allied Gold and trimmed Par Technology Corp. Their largest long position is Allied Gold at 2% of the equity book. They also disclosed $109.6M in put options (a bearish bet) and $167.3M in call options (bullish), shown separately below and excluded from the equity book. Cloning the disclosed picks since 2025 would be +7% (+9.7%/yr). That is a simulation of the disclosed long book, not audited returns.
The reported book (valued from quarter-end) returned +9.4%, a 2.2-point gap that is the cost of the ~38-day 13F disclosure lag a real follower can't avoid.
Growth of $10,000 cloning K2 Principal Fund, L.P.'s disclosed long 13F book, rebalanced on each filing date (so it reflects each quarter's actual reporting lag, ~38 days for the latest filing, with no look-ahead), total-return basis (dividends reinvested), derived from end-of-day prices. “Their reported book” values the same picks from quarter-end, before they were public. S&P 500 is SPY total return over the same window. Excludes shorts, cash, options and non-13F holdings. Not investment advice.
Top-heavy: diversified book
Share of the disclosed book in its largest positions. A higher top-5 share means a more concentrated, higher-conviction portfolio.
31% mapped to company sectors
Direct operating-company sectors from our SIC-based security master. ETF/fund and unclassified holdings stay visible separately; this is not ETF look-through exposure.
Estimated $ traded · quarter-end prices, no cost basis
Other tracked managers holding the same core names as K2 Principal Fund, L.P.
| Manager / fund | Shared names | Their $ in those |
|---|---|---|
| FMR LLC | 39 / 80 | $112.4B |
| BlackRock, Inc. | 38 / 80 | $347.5B |
| JPMORGAN CHASE & CO | 38 / 80 | $83.0B |
| MORGAN STANLEY | 38 / 80 | $75.9B |
| STATE STREET CORP | 36 / 80 | $200.3B |
| BNP PARIBAS FINANCIAL MARKETS | 34 / 80 | $8.1B |
| WELLS FARGO & COMPANY/MN | 32 / 80 | $19.9B |
| MILLENNIUM MANAGEMENT LLC | 32 / 80 | $4.5B |
Ranked by how many of K2 Principal Fund, L.P.'s top 80 disclosed names each fund also holds: a cross-fund conviction signal from the latest 13F of every tracked manager.
Bars show each stock's share of the portfolio. Click a row for its position history.
| # | Security | Value | Shares | % Port | Last move | History |
|---|---|---|---|---|---|---|
| 1 | Allied Gold 8.750 09/07/28 '27 CVT | $26.2M | 16.0K | 2.4% | ▲New New position | |
| 2 | Par Technology Corp 4.000 03/15/31 CVT | $17.1M | 13.9K | 1.6% | ▼−4.1% Reduced · −600 sh | |
| 3 | AVNET 1.750 09/01/30 CVT PUT | $16.8M | 12.0K | 1.5% | ▲New New position | |
| 4 | Ast Spacemobile Inc 2.375 10/15/32 CVT | $16.7M | 10.5K | 1.5% | —Held | |
| 5 | Cloudflare Inc NOTE 6/1 | $16.5M | 13.0K | 1.5% | ▲New New position | |
| 6 | Strategy Inc NOTE 0.625 9/1 | $15.4M | 15.0K | 1.4% | ▲New New position | |
| 7 | On Semiconductor Corp NOTE 0.500 3/0 | $14.5M | 12.0K | 1.3% | ▲New New position | |
| 8 | Wayfair Inc NOTE 3.250 9/1 | $14.3M | 9.3K | 1.3% | ▲New New position | |
| 9 | Gamestop Corp NOTE 4/0 | $14.3M | 14.0K | 1.3% | ▲New New position | |
| 10 | Pennymac Finl Svcs Inc New COM | $13.9M | 159.8K | 1.3% | ▲+97% Added · +79K sh | |
| 11 | Golar LNG Ltd 2.750 12/15/30 CVT | $13.7M | 12.0K | 1.3% | —Held | |
| 12 | Solaris Energy Infras Inc NOTE 0.25010/0 | $13.0M | 8.0K | 1.2% | ▼−33% Reduced · −4K sh | |
| 13 | Mara Holdings Inc NOTE 3/0 | $12.6M | 12.5K | 1.2% | —Held | |
| 14 | I-80 Gold Corp 3.750 04/15/31 CVT | $12.2M | 11.0K | 1.1% | ▲+10% Added · +1K sh | |
| 15 | Rubrik Inc. NOTE 6/1 | $12.2M | 12.0K | 1.1% | ▲New New position | |
| 16 | Dropbox Inc NOTE 3/0 | $12.1M | 12.0K | 1.1% | —Held | |
| 17 | Virgin Galatic Holdings 2.500 02/01/27 CVT | $12.0M | 12.5K | 1.1% | ▲New New position | |
| 18 | Lucid Group Inc 1.250 12/15/26 CVT | $12.0M | 12.5K | 1.1% | —Held | |
| 19 | Coreweave Inc 1.750 12/01/31 CVT | $11.9M | 10.0K | 1.1% | ▲+25% Added · +2K sh | |
| 20 | Sunrun Inc NOTE 4.000 3/0 | $11.9M | 10.0K | 1.1% | ▲+25% Added · +2K sh | |
| 21 | SPDR Gold TR GOLD SHS | $11.9M | 32.2K | 1.1% | ▲+120% Added · +18K sh | |
| 22 | Freshpet Inc NOTE 3.000 4/0 | $11.7M | 10.0K | 1.1% | ▲+63% Added · +4K sh | |
| 23 | Etsy Inc NOTE 1.000 6/1 | $11.6M | 10.0K | 1.1% | ▲New New position | |
| 24 | Cerence Inc NOTE 1.500 7/0 | $11.1M | 12.0K | 1.0% | ▼−13% Reduced · −2K sh | |
| 25 | Pebblebrook Hotel Trust 1.625 01/15/30 CVT | $10.8M | 8.0K | 1.0% | ▲+33% Added · +2K sh | |
| 26 | Akamai Technologies Inc NOTE 1.125 2/1 | $10.7M | 9.0K | 1.0% | ▲+13% Added · +1K sh | |
| 27 | Southern Co NOTE 3.250 6/1 | $10.1M | 10.0K | 0.9% | ▲New New position | |
| 28 | Snap Inc NOTE 0.750 8/0 | $10.0M | 10.0K | 0.9% | —Held | |
| 29 | Wix Ltd 09/15/30 CVT | $9.9M | 13.0K | 0.9% | ▼−10% Reduced · −2K sh | |
| 30 | Live Nation Entertainment 2.875 10/15/31 CVT | $9.9M | 9.0K | 0.9% | ▲New New position | |
| 31 | Upstart Hldgs Inc NOTE 0.250 8/1 | $9.9M | 10.0K | 0.9% | —Held | |
| 32 | Coinbase Global Inc NOTE 0.250 4/0 | $9.9M | 11.0K | 0.9% | —Held | |
| 33 | Box Inc NOTE 1.500 9/1 | $9.8M | 10.0K | 0.9% | —Held | |
| 34 | Blacksky Technology Inc 8.250 08/01/33 CVT PUT | $9.7M | 7.5K | 0.9% | —Held | |
| 35 | Uber Technologies Inc NOTE 0.87512/0 | $9.6M | 8.0K | 0.9% | —Held | |
| 36 | Bitdeer Technologies Grp 5.250 12/01/29 CVT PUT | $9.6M | 7.0K | 0.9% | —Held | |
| 37 | Alphabet Inc CAP STK CL C | $9.5M | 26.8K | 0.9% | ▼−19% Reduced · −6K sh | |
| 38 | T1 Energy Inc NOTE 4.000 4/1 | $9.4M | 5.5K | 0.9% | ▲New New position | |
| 39 | Muvico LLC 8.000 04/30/30 CVT | $9.2M | 11.3K | 0.8% | ▼−4.7% Reduced · −564 sh | |
| 40 | Virgin Galatic Holdings 9.800 12/31/28 '26 | $9.1M | 10.2K | 0.8% | ▲New New position | |
| 41 | T1 Energy Inc NOTE 5.25012/0 | $9.0M | 5.3K | 0.8% | ▲+110% Added · +3K sh | |
| 42 | Marriott Vacations Worldwide NOTE 3.25012/1 | $8.9M | 9.0K | 0.8% | —Held | |
| 43 | Mara Holdings Inc NOTE 6/0 | $8.7M | 9.0K | 0.8% | —Held | |
| 44 | Denison Mines Corp 4.250 09/15/31 CVT | $8.5M | 6.0K | 0.8% | —Held | |
| 45 | Datadog Inc NOTE 12/0 | $8.5M | 6.0K | 0.8% | ▲+100% Added · +3K sh | |
| 46 | Sunococorp LLC COM SHS LLC | $8.3M | 122.8K | 0.8% | ▲+17% Added · +18K sh | |
| 47 | Galaxy Digital Holdin LP 2.500 12/01/29 CVT | $8.1M | 5.5K | 0.7% | —Held | |
| 48 | Opendoor Technologies In 0.250 08/15/26 CVT | $8.1M | 8.2K | 0.7% | ▲+7.9% Added · +600 sh | |
| 49 | Fluor Corp NOTE 1.125 8/1 | $7.9M | 6.0K | 0.7% | —Held | |
| 50 | The Realreal Inc NOTE 1.000 3/0 | $7.6M | 8.5K | 0.7% | —Held |
The public view is the crawlable proof. The same sourced dataset is available through REST and MCP for agents, research scripts, and back-office tools.
This fund page is the Follow view. The Build view lets your agent pull holdings, quarter changes, overlap, and source filings through API or MCP.
curl -H "Authorization: Bearer YOUR_API_KEY" \ "https://arkolith.com/api/v1/funds/1461790/holdings"
Use Arkolith to show K2 PRINCIPAL FUND, L.P.'s latest holdings, largest changes, and filing provenance.
Put / call positions from the 13F — totals include every disclosed option leg
| Type | Underlying | Notional value | Underlying shares |
|---|---|---|---|
| CALL · bullish | SPDR GOLD SHARESGLD | $54.7M | 149K |
| PUT · bearish | SPDR GOLD SHARESGLD | $22.8M | 62K |
| PUT · bearish | VANECK JUNIOR GOLD MINERSGDXJ | $19.2M | 195K |
| PUT · bearish | GLOBAL X COPPER MINERS ETFCOPX | $13.9M | 180K |
| PUT · bearish | SS SPDR S&P 500 ETF TRUST-USSPY | $11.9M | 16K |
| CALL · bullish | ISHARES SILVER TRUSTSLV | $11.6M | 218K |
| CALL · bullish | ABIVAX SA-ADRABVX | $11.3M | 85K |
| PUT · bearish | FREEPORT-MCMORAN INCFCX | $11.1M | 176K |
| PUT · bearish | ELECTRONIC ARTS INCEA | $10.4M | 51K |
| CALL · bullish | ISHARES CORE S&P SMALL-CAP EIJR | $9.8M | 66K |
| CALL · bullish | SS SPDR S&P 500 ETF TRUST-USSPY | $8.1M | 11K |
| CALL · bullish | T1 ENERGY INCTE | $6.6M | 695K |
| PUT · bearish | ISHARES MSCI EAFE ETFEFA | $6.2M | 60K |
| CALL · bullish | VANECK JUNIOR GOLD MINERSGDXJ | $6.0M | 61K |
| CALL · bullish | UNITED STATES OIL FUND LPUSO | $5.3M | 50K |
| CALL · bullish | INVESCO QQQ TRUST SERIES 1QQQ | $5.2M | 7K |
| PUT · bearish | GAMESTOP CORP-CLASS AGME | $4.4M | 200K |
| CALL · bullish | DAUCH CORPORATIONDCH | $4.3M | 790K |
| CALL · bullish | BRITISH AMERICAN TOB-SP ADRBTI | $3.1M | 50K |
| CALL · bullish | CORE SCIENTIFIC INCCORZ | $2.6M | 100K |
| CALL · bullish | GLOBAL X COPPER MINERS ETFCOPX | $2.3M | 30K |
| CALL · bullish | UNIQURE NVQURE | $2.3M | 50K |
| CALL · bullish | TEUCRIUM CORN FUNDCORN | $2.1M | 125K |
| CALL · bullish | PAPA JOHN'S INTL INCPZZA | $2.0M | 55K |
| PUT · bearish | ISHARES SILVER TRUSTSLV | $2.0M | 37K |
13F filers disclose option positions at the market value of the underlying the contracts reference, not the premium paid. A put is a bearish bet (it gains if the stock falls); a call is bullish. “Underlying shares” is the share count the contracts control, not a share holding. These legs are excluded from the equity book, weighting, concentration and sector figures above. Showing the largest 25 of 74 option legs.
As-of date vs the date the SEC received each filing
Holdings from SEC EDGAR 13F-HR filings, updated quarterly, filed up to 45 days after quarter-end. Public domain. The book and weighting are long equity only; disclosed put/call options are listed separately and excluded from those totals. The performance line is a simulation of the disclosed long book, not an audited return.