§ 13F · FUND PROFILE
K2 PRINCIPAL FUND, L.P..
Institutional filer · behavioral pattern: Other. Summary pending.
AUM · $1231.4T (13F)Positions · 338Turnover · — · Q4Filed · Feb 13, 2026
CONCENTRATION
—
Top 10 holdings
NEW BUYS
0
+$418.3T deployed
EXITS
0
No exits
SECTOR SHIFT
—
No prior quarter data
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 13, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | GLD | SPDR GOLD TR | 107K | $42.5T | 3.4% | +329% |
| 2 | LITE 0.5 06/15/28 | LUMENTUM HLDGS INC | 14K | $39.8T | 3.2% | +367% |
| 3 | SPY | SPDR SP 500 ETF TR | 58K | $39.7T | 3.2% | NEW |
| 4 | SPHR 3.5 12/01/28 | SPHERE ENTERTAINMENT CO | 9K | $23.4T | 1.9% | ±0% |
| 5 | AAUC 8.75 09/07/28 | ALLIED GOLD CORP | 16K | $23.3T | 1.9% | ±0% |
| 6 | GDX | VANECK ETF TRUST | 230K | $19.7T | 1.6% | NEW |
| 7 | APLD 2.75 06/01/30 | APPLIED DIGITAL CORP | 7K | $18.8T | 1.5% | NEW |
| 8 | FCX | FREEPORT-MCMORAN INC | 350K | $17.8T | 1.4% | +79% |
| 9 | SLV | ISHARES SILVER TR | 260K | $16.7T | 1.3% | +420% |
| 10 | AGCN 0.125 01/15/31 | FIRST MAJESTIC | 15K | $16.1T | 1.3% | NEW |
§ 02 · SECTOR ALLOCATION
Where the money is
Sector data pending
§ 03 · THE K2 SIGNAL
AC read
K2 PRINCIPAL FUND, L.P. is a Other fund managing $1231447.7 trillion in assets. The fund runs a broad portfolio of 338 positions.
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Steady book
+0 buys · −0 exits · 0 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed