AI Portfolio Summary
In 2025 Q4, K2 PRINCIPAL FUND, L.P. maintained a portfolio of 506 distinct positions. The most significant new addition to the portfolio was SPDR SP 500 ETF TR, which now represents 3.20% of the total fund value. They heavily accumulated shares in LUMENTUM HLDGS INC, increasing their position by 366.7%. The fund also reduced its exposure to ISHARES SILVER TR by 52.7%.
Total Positions
506
Quarter
2025 Q4
Top Holding
GLD (3.4%)
Top 10 Concentration
20.8%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-50 of 506
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
GLD
CALL
SPDR GOLD TR
|
CALL Option | 3.42% | 5.92% |
#1
Prev: #1
|
3.4 | -97,800 | -47.7% |
P
S
|
107,200 | $42,484,432 | 2014 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
LUMENTUM HLDGS ...
|
—
|
Bond/Debt | 3.20% | 0.34% |
#2
88
Prev: #90
|
5.8 | 11,000 | 366.7% |
P
S
|
14,000 | $39,778,200 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
SPY
CALL
SPDR SP 500 ETF...
|
CALL Option | 3.20% | — |
#3
Prev: #—
|
5.8 | 58,200 | no change |
NEW
|
58,200 | $39,687,743 | 2015 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
SPHERE ENTERTAI...
|
—
|
Bond/Debt | 1.89% | 1.31% |
#4
7
Prev: #11
|
2.3 | no change | no change |
P
S
|
8,500 | $23,444,700 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
ALLIED GOLD COR...
|
—
|
Unknown | 1.88% | 1.46% |
#5
3
Prev: #8
|
2.3 | no change | no change |
P
S
|
15,650 | $23,287,200 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
GDX
PUT
VANECK ETF TRUS...
|
PUT Option | 1.59% | — |
#6
Prev: #—
|
4.1 | 230,000 | no change |
NEW
|
230,000 | $19,727,099 | 2019 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
APPLIED DIGITAL...
|
—
|
Bond/Debt | 1.52% | — |
#7
Prev: #—
|
4.1 | 7,000 | no change |
NEW
|
7,000 | $18,841,200 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
FCX
PUT
FREEPORT-MCMORA...
|
PUT Option | 1.43% | 0.62% |
#8
47
Prev: #55
|
3.6 | 154,000 | 78.6% |
P
S
|
350,000 | $17,776,500 | 2021 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
SLV
CALL
ISHARES SILVER ...
|
CALL Option | 1.35% | 1.89% |
#9
4
Prev: #5
|
0.5 | -290,000 | -52.7% |
P
S
|
260,000 | $16,749,200 | 2015 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
FIRST MAJESTIC
|
—
|
Unknown | 1.30% | — |
#10
Prev: #—
|
4.0 | 14,500 | no change |
NEW
|
14,500 | $16,081,007 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PELOTON INTERAC...
|
—
|
Bond/Debt | 1.25% | 1.25% |
#11
2
Prev: #13
|
1.5 | no change | no change |
P
S
|
15,679 | $15,561,410 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
PAR
CALL
PAR TECHNOLOGY ...
|
CALL Option | 1.23% | 0.15% |
#12
151
Prev: #163
|
3.5 | 373,000 | 793.6% |
P
S
|
420,000 | $15,237,599 | 2024 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
AST SPACEMOBILE...
|
—
|
Unknown | 1.22% | 0.25% |
#13
103
Prev: #116
|
3.5 | 8,500 | 283.3% |
P
S
|
11,500 | $15,178,160 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CERENCE INC
|
—
|
Bond/Debt | 1.21% | 0.41% |
#14
62
Prev: #76
|
3.5 | 10,750 | 179.2% |
P
S
|
16,750 | $15,023,080 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
MARRIOTT VACATI...
|
—
|
Bond/Debt | 1.21% | 1.20% |
#15
1
Prev: #14
|
1.5 | no change | no change |
P
S
|
15,000 | $14,970,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
TRIPADVISOR INC
|
—
|
Bond/Debt | 1.11% | 1.11% |
#16
2
Prev: #18
|
1.4 | no change | no change |
P
S
|
14,000 | $13,825,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
JETBLUE AIRWAYS...
|
—
|
Bond/Debt | 1.10% | 0.79% |
#17
15
Prev: #32
|
2.9 | 3,824 | 38.2% |
P
S
|
13,824 | $13,615,260 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
VIRGIN GALACTIC
|
—
|
Unknown | 1.09% | 1.08% |
#18
2
Prev: #20
|
0.4 | -14,500 | -46.8% |
P
S
|
16,500 | $13,541,055 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
SOLARIS ENERGY ...
|
—
|
Bond/Debt | 1.05% | — |
#19
Prev: #—
|
3.9 | 12,000 | no change |
NEW
|
12,000 | $13,005,600 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
STRATEGY INC
|
—
|
Bond/Debt | 1.00% | — |
#20
Prev: #—
|
3.9 | 15,000 | no change |
NEW
|
15,000 | $12,352,500 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
QQQ
PUT
INVESCO QQQ TR
|
PUT Option | 0.99% | 1.71% |
#21
14
Prev: #7
|
0.4 | -15,000 | -42.9% |
P
S
|
20,000 | $12,286,200 | 2014 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
PAR TECHNOLOGY ...
|
—
|
Bond/Debt | 0.99% | 0.31% |
#22
80
Prev: #102
|
3.4 | 8,500 | 212.5% |
P
S
|
12,500 | $12,236,250 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
CENTURY ALUM CO
|
—
|
Bond/Debt | 0.98% | 0.76% |
#23
15
Prev: #38
|
1.4 | no change | no change |
P
S
|
5,750 | $12,126,170 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
GAMESTOP CORP
|
—
|
Unknown | 0.96% | 0.65% |
#24
29
Prev: #53
|
3.4 | 5,000 | 71.4% |
P
S
|
12,000 | $11,890,560 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
LUCID GROUP
|
—
|
Unknown | 0.94% | 0.76% |
#25
14
Prev: #39
|
2.9 | 2,500 | 25.0% |
P
S
|
12,500 | $11,640,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
NUTANIX INC
|
—
|
Bond/Debt | 0.91% | 1.13% |
#26
10
Prev: #16
|
1.4 | no change | no change |
P
S
|
10,000 | $11,257,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
AMER HOTEL INC ...
|
—
|
Unknown | 0.90% | 0.89% |
#27
2
Prev: #25
|
0.9 | 456 | 4.0% |
P
S
|
11,779 | $11,131,155 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
APPLIED OPTOELE...
|
—
|
Bond/Debt | 0.84% | 0.73% |
#28
14
Prev: #42
|
1.3 | no change | no change |
P
S
|
9,000 | $10,433,700 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
UBER TECHNOLOGI...
|
—
|
Bond/Debt | 0.84% | — |
#29
Prev: #—
|
3.8 | 8,000 | no change |
NEW
|
8,000 | $10,400,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
MARA HOLDINGS I...
|
—
|
Bond/Debt | 0.80% | — |
#30
Prev: #—
|
3.8 | 12,500 | no change |
NEW
|
12,500 | $9,906,250 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
NEXTERA ENGY PT...
|
—
|
Unknown | 0.80% | 0.80% |
#31
Prev: #31
|
1.3 | no change | no change |
P
S
|
10,000 | $9,876,350 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
SNAP INC
|
—
|
Bond/Debt | 0.79% | 0.79% |
#32
1
Prev: #33
|
1.3 | no change | no change |
P
S
|
10,000 | $9,769,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
UPSTART HLDGS I...
|
—
|
Bond/Debt | 0.77% | 0.78% |
#33
1
Prev: #34
|
1.3 | no change | no change |
P
S
|
10,000 | $9,612,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
VIZSLA SILVER C...
|
—
|
Unknown | 0.76% | — |
#34
Prev: #—
|
3.8 | 7,210 | no change |
NEW
|
7,210 | $9,455,590 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
GDXJ
PUT
VANECK ETF TRUS...
|
PUT Option | 0.75% | 0.28% |
#35
74
Prev: #109
|
3.3 | 47,000 | 134.3% |
P
S
|
82,000 | $9,329,960 | 2017 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
COINBASE GLOBAL...
|
—
|
Bond/Debt | 0.74% | 0.71% |
#36
9
Prev: #45
|
2.8 | 2,000 | 28.6% |
P
S
|
9,000 | $9,234,900 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
BLACKBERRY LTD
|
—
|
Bond/Debt | 0.71% | 0.84% |
#37
8
Prev: #29
|
1.3 | no change | no change |
P
S
|
7,000 | $8,847,300 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
BTI
BRITISH AMERN T...
|
Consumer Defensive | 0.71% | 0.28% |
#38
70
Prev: #108
|
3.3 | 90,379 | 138.3% |
P
S
|
155,735 | $8,817,716 | 2017 Q3 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
MUVICO LLC
|
—
|
Unknown | 0.69% | 0.85% |
#39
11
Prev: #28
|
0.8 | 458 | 4.0% |
P
S
|
11,909 | $8,587,432 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
WISDOMTREE INC
|
—
|
Bond/Debt | 0.68% | 0.77% |
#40
4
Prev: #36
|
1.3 | no change | no change |
P
S
|
7,344 | $8,487,460 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
THE REALREAL IN...
|
—
|
Bond/Debt | 0.65% | — |
#41
Prev: #—
|
3.8 | 8,500 | no change |
NEW
|
8,500 | $8,047,800 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
SOLAREDGE TECHN...
|
—
|
Bond/Debt | 0.63% | — |
#42
Prev: #—
|
3.8 | 6,750 | no change |
NEW
|
6,750 | $7,857,680 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
DROPBOX INC
|
—
|
Bond/Debt | 0.63% | 1.11% |
#43
26
Prev: #17
|
0.3 | -6,000 | -43.3% |
P
S
|
7,859 | $7,803,200 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
GME
CALL
GAMESTOP CORP N...
|
CALL Option | 0.61% | — |
#44
Prev: #—
|
3.7 | 376,500 | no change |
NEW
|
376,500 | $7,560,120 | 2022 Q1 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
N/A
MARA HOLDINGS I...
|
—
|
Bond/Debt | 0.61% | — |
#45
Prev: #—
|
3.7 | 9,000 | no change |
NEW
|
9,000 | $7,529,400 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
OPENDOOR TECHNO...
|
—
|
Unknown | 0.59% | 0.62% |
#46
10
Prev: #56
|
1.2 | no change | no change |
P
S
|
7,550 | $7,375,179 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
LIVE NATION ENT...
|
—
|
Bond/Debt | 0.59% | 0.66% |
#47
3
Prev: #50
|
1.2 | no change | no change |
P
S
|
5,000 | $7,272,000 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
PEBBLEBROOK HOT...
|
—
|
Bond/Debt | 0.58% | 0.58% |
#48
9
Prev: #57
|
1.2 | no change | no change |
P
S
|
7,473 | $7,248,060 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
WISDOMTREE INC
|
—
|
Bond/Debt | 0.58% | 0.64% |
#49
5
Prev: #54
|
1.2 | no change | no change |
P
S
|
6,000 | $7,234,800 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | ||
|
N/A
DROPBOX INC
|
—
|
Bond/Debt | 0.57% | — |
#50
Prev: #—
|
3.7 | 7,000 | no change |
NEW
|
7,000 | $7,080,500 | — | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-50 of 506 holdings