K2 Principal Fund, L.P.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), K2 Principal Fund, L.P. reported 111 stock positions worth $188.6 million. Its top holding was Ars Pharmaceuticals (SPRY) at 11.1% of the portfolio, followed by iShares Gold Trust (IAU, 5.8%) and iShares Bitcoin Trust ETF (IBIT, 3.6%). Compared with Q1 2024, it opened 62 new positions, sold out of 75, added to 24 and reduced 16. The biggest buy was a new position in Centurion Acquisition (ALFUU) and the biggest sale an exit from Pioneer Natural Resources (PXD).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001461790
- Portfolio Value
- $188.6M (Q2 2024)
- SEC Filing
- 0001461790-24-000016 ↗ filed Aug 14, 2024
Holdings Value
Holdings 111 stocks · $188.6M
| SPRY Ars Pharmaceuticals Inc. | 11.11% | 2,461,672 | $20.9M | Add +10.9% |
| IAU iShares Gold Trust | 5.82% | 250,000 | $11.0M | No change |
| IBIT iShares Bitcoin Trust ETF | 3.62% | 200,000 | $6.8M | No change |
| ALFUU Centurion Acquisition Corp. | 3.39% | 639,378 | $6.4M | New |
| CUBWU Lionheart Holdings | 2.54% | 479,700 | $4.8M | New |
| PAR Par Technology Corp. | 2.52% | 100,940 | $4.8M | Add +208.1% |
| TFII Tfi International Inc. | 2.52% | 32,687 | $4.7M | Add +108.4% |
| HES Hess Corp. | 2.51% | 32,149 | $4.7M | Add +59.6% |
| SRG Seritage Growth Prop- A | 2.44% | 984,511 | $4.6M | Add +97.5% |
| CORZ Core Scientific Inc. | 2.36% | 478,029 | $4.4M | Add +473.2% |
| INTC Intel Corp. | 2.22% | 135,000 | $4.2M | Add +22.7% |
| ITOS Iteos Therapeutics Inc. | 2.02% | 257,080 | $3.8M | Add +1185.4% |
| MODVQ Modivcare Inc. | 1.77% | 127,486 | $3.3M | New |
| NLOP Net Lease Office Property | 1.70% | 130,336 | $3.2M | Add +19.4% |
| ACI Albertsons Cos Inc. Class A | 1.68% | 160,600 | $3.2M | Reduce -27.9% |
| HCP Hashicorp Inc. Class A | 1.57% | 88,050 | $3.0M | New |
| AMZN Amazon.com Inc. | 1.50% | 14,642 | $2.8M | New |
| MACIU Melar Acquisition Corp. I | 1.49% | 281,550 | $2.8M | New |
| VFC VF Corp. | 1.36% | 190,620 | $2.6M | Add +853.1% |
| EMCGF Embrace Change Acquisition C | 1.35% | 226,953 | $2.6M | New |
| TRTLF Tortoiseecofin Acquisition-A | 1.21% | 208,211 | $2.3M | Add +596.5% |
| MONTEREY CAP ACQUISITION COR | 1.20% | 200,199 | $2.3M | New |
| AVGO Broadcom Inc. | 1.19% | 1,400 | $2.2M | Reduce -3.5% |
| EVCO Everest Consolidator Acquisi | 1.19% | 199,801 | $2.2M | New |
| BFACF Battery Future Acquisition-A | 1.17% | 199,903 | $2.2M | New |
| CHEB.U Chenghe Acquisition II Co. | 1.10% | 208,133 | $2.1M | New |
| HAYN Haynes International Inc. | 1.05% | 33,884 | $2.0M | New |
| COOP Mr Cooper Group Inc. | 1.00% | 23,172 | $1.9M | Reduce -74.4% |
| CTLT Catalent Inc. | 0.99% | 33,048 | $1.9M | New |
| IVCBF Invest Acquisition Corp. | 0.98% | 163,006 | $1.9M | New |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.96% | 13,840 | $1.8M | Add +94.9% |
| FRLA Fortune Rise Acquisition Cor | 0.92% | 154,990 | $1.7M | Add +55.0% |
| EGRVF Evergreen Corporation Class A | 0.89% | 145,879 | $1.7M | New |
| NXPI NXP Semiconductors NV | 0.85% | 5,962 | $1.6M | New |
| BUJA Bukit Jalil Global Acquisiti | 0.85% | 150,000 | $1.6M | New |
| FORL Four Leaf Acquisition Cor-A | 0.84% | 145,306 | $1.6M | New |
| STLD Steel Dynamics Inc. | 0.83% | 12,100 | $1.6M | Reduce -22.4% |
| PRO Pros Holdings Inc. | 0.80% | 52,518 | $1.5M | Add +213.0% |
| IBAC Ib Acquisition Corp. | 0.79% | 150,000 | $1.5M | No change |
| TCOA Zalatoris Acquisition Corp. | 0.77% | 132,725 | $1.5M | New |
| MRVL Marvell Technology Inc. | 0.76% | 20,555 | $1.4M | Add +28.5% |
| COLOMBIER ACQUISITION CORP | 0.74% | 136,518 | $1.4M | New |
| TONT.U Graf Global Corp. | 0.73% | 138,300 | $1.4M | New |
| PLAOF Patria Latin American Opport | 0.73% | 120,100 | $1.4M | New |
| GOOG Alphabet Inc. Class C | 0.66% | 6,756 | $1.2M | Add +350.4% |
| CVII Churchill Capital Corp. Vii-A | 0.65% | 114,210 | $1.2M | Reduce -51.8% |
| DIST Distoken Acquisition Corp. | 0.65% | 114,139 | $1.2M | New |
| DJT Trump Media & Technology Gro | 0.64% | 202,200 | $1.2M | Add +34.8% |
| CSLMF CSLM Acquisition Corp. | 0.62% | 104,281 | $1.2M | New |
| QETA Quetta Acquisition Corp. | 0.61% | 111,530 | $1.2M | New |
| GODN Golden Star Acquisition Corp. | 0.61% | 106,740 | $1.2M | Add +7.2% |
| TLGYF TLGY Acquisition Corp. Class A | 0.61% | 100,265 | $1.1M | New |
| BBU Brookfield Business PT-Unit | 0.60% | 59,893 | $1.1M | Reduce -61.7% |
| ARES ACQUISITION CORP II | 0.57% | 101,494 | $1.1M | New |
| GROY Gold Royalty Corp. | 0.57% | 760,984 | $1.1M | New |
| AIMTF Aimfinity Investment-Subunit | 0.56% | 93,490 | $1.1M | New |
| NEM Newmont Corp. | 0.56% | 25,000 | $1.0M | New |
| ZEO Zeo Energy Corp. | 0.55% | 481,448 | $1.0M | Add +21.8% |
| KTOS Kratos Defense & Security | 0.53% | 49,958 | $1000K | New |
| VST Vistra Corp. | 0.52% | 11,454 | $985K | Reduce -71.6% |
| CIEN Ciena Corp. | 0.49% | 19,325 | $931K | Add +97.2% |
| XFIN Excelfin Acquisition Corp. Class A | 0.49% | 83,988 | $926K | No change |
| CMCO Columbus McKinnon Corp. | 0.47% | 25,651 | $886K | New |
| HIBB Hibbett Inc. | 0.46% | 9,960 | $869K | New |
| BITF Bitfarms Ltd./Canada | 0.43% | 317,325 | $816K | New |
| KGC Kinross Gold Corp. | 0.41% | 91,900 | $765K | Reduce -31.7% |
| AY Atlantica Sustainable Infras | 0.40% | 34,494 | $757K | New |
| RFAIU RF Acquisition Corp. II | 0.40% | 75,000 | $755K | New |
| SHOP Shopify Inc. Class A | 0.39% | 11,000 | $727K | New |
| MU Micron Technology Inc. | 0.38% | 5,500 | $723K | New |
| CLRCF Climaterock Class A | 0.37% | 61,100 | $699K | New |
| RGLD Royal Gold Inc. | 0.36% | 5,450 | $682K | New |
| BYNO Bynordic Acquisition Corp. | 0.34% | 57,237 | $646K | New |
| PMCB Pharmacyte Biotech Inc. | 0.34% | 327,503 | $642K | No change |
| CDAQF Compass Digital Acquisition | 0.30% | 52,567 | $572K | New |
| FTII Futuretech II Acquisiti Class A | 0.29% | 50,000 | $551K | New |
| CDNS Cadence Design SYS Inc. | 0.29% | 1,790 | $551K | No change |
| SEDA SDCL Edge Acquisition Corp. Class A | 0.29% | 50,000 | $551K | New |
| FSM Fortuna Mining Corp. | 0.29% | 112,476 | $550K | New |
| INTE Integral Acquisition Corp. Class A | 0.29% | 50,000 | $549K | No change |
| NFSCF Enphys Acquisition Corp. | 0.29% | 49,651 | $545K | New |
| DMYY DMY Squared Technology GR-A | 0.28% | 50,000 | $536K | New |
| GSM Ferroglobe PLC | 0.28% | 100,000 | $536K | New |
| TSM Taiwan Semiconductor-SP ADR | 0.28% | 3,044 | $529K | Add +14.9% |
| RCL Royal Caribbean Cruises Ltd. | 0.28% | 3,300 | $526K | Reduce -56.4% |
| AIV Apartment Invt & Mgmt Co. Class A | 0.27% | 61,314 | $508K | Reduce -75.8% |
| XPL Solitario Resources Corp. | 0.26% | 550,000 | $484K | Reduce -17.3% |
| AOGO Arogo Capital Acquisition -A | 0.24% | 41,362 | $454K | Reduce -43.6% |
| AGS Playags Inc. | 0.23% | 38,117 | $438K | New |
| NVEI Nuvei Corp.-Subordinate VTG | 0.19% | 11,159 | $361K | New |
| CETU Cetus Capital Acquisition Co. | 0.19% | 33,445 | $356K | Reduce -65.1% |
| CNGL Canna-Global Acquisitio Class A | 0.18% | 32,800 | $341K | New |
| GFR Greenfire Resources Ltd. | 0.18% | 50,003 | $338K | Add +146.3% |
| PRLH Pearl Holdings Acquisition-A | 0.18% | 30,211 | $333K | Reduce -63.0% |
| NPWR Net Power Inc. | 0.17% | 33,037 | $325K | Add +153.9% |
| EQX Equinox Gold Corp. | 0.17% | 60,000 | $314K | New |
| XFOR X4 Pharmaceuticals Inc. | 0.15% | 489,158 | $284K | New |
| SYM Symbotic Inc. | 0.15% | 8,000 | $281K | Add +60.0% |
| SQSP Squarespace Inc. Class A | 0.13% | 5,800 | $253K | New |
| HBI Hanesbrands Inc. | 0.13% | 50,000 | $247K | New |
| CLF Cleveland-Cliffs Inc. | 0.13% | 15,700 | $242K | New |
| OAKU Oak Woods Acquisition Corp. Class A | 0.12% | 20,096 | $219K | New |
| SWN Southwestern Energy Co. | 0.11% | 31,076 | $209K | Reduce -91.8% |
| MPC Marathon Petroleum Corp. | 0.11% | 1,200 | $208K | New |
| VZLA Vizsla Silver Corp. | 0.08% | 89,200 | $160K | New |
| HHGC HHG Capital Corp. | 0.06% | 10,000 | $116K | New |
| MGNX Macrogenics Inc. | 0.03% | 14,800 | $63K | New |
| BSLKW Golden Arrow Merger Corp. | 0.02% | 300,000 | $45K | No change |
| MAXNQ Maxeon Solar Technologie | 0.02% | 37,440 | $32K | New |
| SLNAF Selina Hospitality PLC | 0.00% | 132,841 | $9K | No change |
| OSRHW Bellevue Life Scncs Aqstn Co. | 0.00% | 12,317 | $246 | Reduce -91.6% |
Options reported separately and not counted above: TLT puts ($20.4M), VOO calls ($11.3M), VST calls ($7.0M), ITOS calls ($6.7M), GLD puts ($6.5M), MDU calls ($5.0M), AR puts ($3.3M), SRG calls ($2.7M), ACA calls ($2.5M), ERO puts ($2.1M), PM calls ($2.0M), AQN calls ($1.8M), and 17 more.
Other holdings (88): bonds, preferreds, convertibles and warrants · $116.3M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 15,859 | $14.8M | No change |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 12,000 | $14.0M | Reduce -14.3% |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | 10,200 | $12.3M | No change |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 11,500 | $10.5M | No change |
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | 8,500 | $9.8M | No change |
| SPIRIT AIRLINES INC (SAVE 1 05/15/26) | NOTE 1.000% 5/1 · principal | 18,393 | $9.1M | Add +12.2% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 10,000 | $9.1M | No change |
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | 7,799 | $7.4M | No change |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 7,321 | $6.9M | Add +71.4% |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 7,000 | $6.8M | No change |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 5,500 | $4.9M | New |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 4,000 | $3.5M | New |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 304,493 | $2.6M | New |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | 2,396 | $2.3M | Reduce -60.1% |
| SABLE OFFSHORE CORP | *W EXP 02/14/202 | 166,108 | $709K | Add +347.1% |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | 988,400 | $188K | New |
| EVCOW Everest Consolidator Acquisi | *W EXP 99/99/999 | 606,287 | $121K | Reduce -0.0% |
| TRTWF Tortoiseecofin Acquisit-CW | *W EXP 07/22/202 | 984,489 | $118K | Add +6.2% |
| CVIIW Churchill Capital Vii -CW28 | *W EXP 02/29/202 | 292,250 | $102K | Reduce -22.6% |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | 194,574 | $88K | Reduce -3.7% |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | 544,172 | $71K | Add +85.2% |
| VIRGIN GALATIC HOLDINGS | 2.500 02/01/27 CVT · principal | 23,500 | $69K | New |
| KRNLW Kernel Group HLDG -A -CW27 | *W EXP 99/99/999 | 370,000 | $48K | New |
| SKGRW SK Growth Opportunities -29 | *W EXP 06/28/202 | 184,157 | $44K | New |
| HUBCZ Hub Cyber Security -CW23 | *W EXP 08/22/202 | 2,129,358 | $43K | Reduce -1.1% |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 247,312 | $40K | New |
| INTEW Integral Acquisition -CW28 | *W EXP 05/31/202 | 351,311 | $35K | Add +57.5% |
| BHACW Crixus BH3 Acquisition -CW26 | *W EXP 99/99/999 | 408,359 | $33K | New |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 295,146 | $30K | Add +48.8% |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 360,841 | $29K | No change |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 183,091 | $27K | Reduce -0.5% |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 667,985 | $27K | No change |
| AACIW Armada Acquisition I -CW23 | *W EXP 99/99/999 | 207,659 | $25K | Add +92.9% |
| IVCWF Investcorp Europe Acquis -27 | *W EXP 12/15/202 | 344,748 | $24K | Reduce -32.3% |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 200,000 | $24K | New |
| USARW Inflection Point Acquis-C-28 | *W EXP 08/31/202 | 258,135 | $23K | Add +34.5% |
| TLGWF TLGY Acquisition Corp. -23 | *W EXP 11/09/202 | 360,690 | $22K | No change |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 03/18/202 | 235,190 | $19K | New |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 246,657 | $17K | No change |
| PGYWW Pagaya Technologies Ltd. -27 | *W EXP 99/99/999 | 154,481 | $17K | No change |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | 91,475 | $16K | Reduce -6.0% |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | 18,250 | $16K | No change |
| ATLANTICA JERSEY LTD (AY 4 07/15/25) | NOTE 4.000% 7/1 · principal | 15,300 | $15K | Reduce -11.6% |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 16,079 | $14K | Add +46.2% |
| NOVVR Nova Vision Acquisition-RTS | RIGHT 99/99/9999 | 79,252 | $13K | No change |
| PROJECT ENERGY REIMAGINED AC | *W EXP 99/99/999 | 206,110 | $12K | No change |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | 75,557 | $12K | No change |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 150,000 | $12K | No change |
| PLMWF Plum Acquisition Corp. III-CW | *W EXP 03/31/202 | 160,480 | $11K | New |
| PERCEPTION CAPITAL CORP III | *W EXP 99/99/999 | 350,000 | $11K | New |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 92,627 | $10K | No change |
| OAKUW Oak Woods Acquisition -28 | *W EXP 99/99/999 | 501,190 | $10K | No change |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 58,930 | $10K | No change |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | 10,000 | $10K | Reduce -20.0% |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | 10,225 | $10K | Add +492.8% |
| MCAAW Mountain & Co. I Acq -CW23 | *W EXP 09/30/202 | 108,900 | $9K | No change |
| CSLWF Consilium Acquisition -27 | *W EXP 99/99/999 | 57,800 | $8K | No change |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 9,500 | $8K | Add +280.0% |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 7,344 | $8K | No change |
| EVERBRIDGE INC (EVBG 0.125 12/15/24) | NOTE 0.125%12/1 · principal | 7,700 | $8K | No change |
| FORLW Four Leaf Acquisition Cor-28 | *W EXP 03/15/202 | 188,517 | $8K | Reduce -15.6% |
| SNAP INC (SNAP 0.25 05/01/25) | NOTE 0.250% 5/0 · principal | 7,100 | $7K | New |
| PERFICIENT INC (PRFT 0.125 11/15/26) | NOTE 0.125%11/1 · principal | 7,000 | $7K | New |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 50,000 | $7K | No change |
| SABRE GLBL INC (SABHLD 4 04/15/25) | NOTE 4.000% 4/1 · principal | 6,309 | $6K | New |
| FASWF Stonebridge Acquisition-CW23 | *W EXP 04/02/202 | 100,000 | $6K | New |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 6,000 | $6K | New |
| BOCNW Blue Ocean Acquisition A -23 | *W EXP 99/99/999 | 281,000 | $6K | New |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 6,000 | $5K | No change |
| TECHTARGET HOLDINGS INC (TTGT 0 12/15/26) | NOTE 12/1 · principal | 5,000 | $5K | No change |
| BFQWF Battery Future Acquis A -23 | *W EXP 99/99/999 | 470,438 | $5K | New |
| GOPRO INC (GPRO 1.25 11/15/25) | NOTE 1.250%11/1 · principal | 5,000 | $5K | New |
| FEXDW Fintech Ecosystem Dev -CW28 | *W EXP 04/01/202 | 195,666 | $4K | Reduce -28.9% |
| LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) | NOTE 1.750% 1/1 · principal | 5,095 | $4K | Add +45.6% |
| MAQCW Maquia Capital Acq A -CW27 | *W EXP 99/99/999 | 358,307 | $4K | New |
| WISDOMTREE INC (WT 5.75 08/15/28) | NOTE 5.750% 8/1 · principal | 2,700 | $3K | No change |
| BOWNR Bowen Acquisition Corp.-RTS | RIGHT 99/99/9999 | 29,596 | $3K | No change |
| MCACW Monterey Capital Acqui -CW27 | *W EXP 01/01/202 | 149,396 | $3K | No change |
| BNIXW Bannix Acquisition Corp.-CW23 | *W EXP 07/31/202 | 148,397 | $3K | Reduce -0.1% |
| ATMCW Alphatime Acquisition Cor-28 | *W EXP 03/01/202 | 141,606 | $3K | No change |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | 2,500 | $3K | New |
| WINVW Winvest Acquisition -CW23 | *W EXP 08/09/202 | 257,731 | $3K | Reduce -8.3% |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 3,000 | $2K | No change |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 12,500 | $2K | No change |
| BRLSW Oxus Acquisition Corp. -CW23 | *W EXP 02/07/202 | 30,364 | $2K | New |
| NFSWF Enphys Acquisition -CW24 | *W EXP 99/99/999 | 52,372 | $2K | Reduce -2.3% |
| XBPEW CF Acquisition Viii A -CW27 | *W EXP 11/30/202 | 52,087 | $2K | Reduce -16.9% |
| NOVVW Nova Vision Acquisit -CW28 | *W EXP 12/31/202 | 152,000 | $2K | No change |
Total filed on the 13F, all lines: $304.9M.
Portfolio Sells Q1 2024 → Q2 2024
| PXD Pioneer Natural Resources Co. | Sold out | 0.00% | −3.25 |
| COOP Mr Cooper Group Inc. | Reduce -74.4% | 1.00% | −2.62 |
| BITO Proshares Bitcoin ETF-Usd | Sold out | 0.00% | −2.16 |
| TFPM Triple Flag Precious Met | Sold out | 0.00% | −1.82 |
| GRAB Grab Holdings Ltd. Class A | Sold out | 0.00% | −1.62 |
| ERF Enerplus Corp. | Sold out | 0.00% | −1.56 |
| SWN Southwestern Energy Co. | Reduce -91.8% | 0.11% | −1.36 |
| MGRC McGrath Rentcorp | Sold out | 0.00% | −1.35 |
| BBU Brookfield Business PT-Unit | Reduce -61.7% | 0.60% | −1.17 |
| EAGLE BULK SHIPPING INC | Sold out | 0.00% | −1.16 |
| FNVTF Finnovate Acquisition Corp. Class A | Sold out | 0.00% | −1.15 |
| GAQ Generation Asia I Acquisit-A | Sold out | 0.00% | −1.13 |
| CMCAF Piermont Valley Acquisition | Sold out | 0.00% | −1.10 |
| MCAA Mountain & Co. I Acquisition | Sold out | 0.00% | −1.06 |
| XME SS SPDR S&P Metals Mining | Sold out | 0.00% | −1.06 |
| TGAAF Target Global Acquisition -A | Sold out | 0.00% | −1.01 |
| TXNM TXNM Energy Inc. | Sold out | 0.00% | −0.97 |
| MLM Martin Marietta Materials | Sold out | 0.00% | −0.94 |
| VST Vistra Corp. | Reduce -71.6% | 0.52% | −0.92 |
| VMCAF Valuence Merger Corp. I Class A | Sold out | 0.00% | −0.86 |
| FNV Franco-Nevada Corp. | Sold out | 0.00% | −0.85 |
| AIV Apartment Invt & Mgmt Co. Class A | Reduce -75.8% | 0.27% | −0.79 |
| IVCAF Libity | Sold out | 0.00% | −0.79 |
| ACI Albertsons Cos Inc. Class A | Reduce -27.9% | 1.68% | −0.77 |
| AQUC Aquaron Acquisition Corp. | Sold out | 0.00% | −0.73 |
| CURR Currenc Group Inc. | Sold out | 0.00% | −0.71 |
| DHI D.R. Horton Inc. | Sold out | 0.00% | −0.71 |
| PLTN Plutonian Acquisition Corp. | Sold out | 0.00% | −0.68 |
| PHM Pultegroup Inc. | Sold out | 0.00% | −0.68 |
| CPE Callon Petroleum Co. | Sold out | 0.00% | −0.65 |
| CVII Churchill Capital Corp. Vii-A | Reduce -51.8% | 0.65% | −0.65 |
| HUDA Hudson Acquisition I Corp. | Sold out | 0.00% | −0.64 |
| IGTA Inception Growth Acquisition | Sold out | 0.00% | −0.59 |
| TMTC TMT Acquisition Corp. Class A | Sold out | 0.00% | −0.59 |
| AIEV Thunder Power Holdings Inc. | Sold out | 0.00% | −0.56 |
| NPAB New Providence Acquisition-A | Sold out | 0.00% | −0.55 |
| ETRN Equitrans Midstream Corp. | Sold out | 0.00% | −0.55 |
| DPCS DP Cap Acquisition Corp. Class A | Sold out | 0.00% | −0.54 |
| VCXB 10X Capital Venture Acquis-A | Sold out | 0.00% | −0.53 |
| LEGT.U Legato Merger Corp. III | Sold out | 0.00% | −0.52 |
| JNPR Juniper Networks Inc. | Sold out | 0.00% | −0.50 |
| GRYPHON DIGITAL MNG INC | Sold out | 0.00% | −0.50 |
| AIRJ Airjoule Technologies Corp. | Sold out | 0.00% | −0.49 |
| UHAL.B U-Haul Holding Co.-Non Voting | Sold out | 0.00% | −0.47 |
| FEXD Fintech Ecosystem Developm-A | Sold out | 0.00% | −0.47 |
| BWAQ Blue World Acquisition Corp. | Sold out | 0.00% | −0.43 |
| HSPOF Horizon Space Acquisition I | Sold out | 0.00% | −0.42 |
| AFAR Aura Fat Projects Acqui Class A | Sold out | 0.00% | −0.39 |
| ZM Zoom Communications Inc. | Sold out | 0.00% | −0.38 |
| BLUAF Blueriver Acquisition Corp. Class A | Sold out | 0.00% | −0.37 |
Portfolio Buys Q1 2024 → Q2 2024
| ALFUU Centurion Acquisition Corp. | New | 3.39% | +3.39 |
| CUBWU Lionheart Holdings | New | 2.54% | +2.54 |
| CORZ Core Scientific Inc. | Add +473.2% | 2.36% | +2.21 |
| ITOS Iteos Therapeutics Inc. | Add +1185.4% | 2.02% | +1.88 |
| MODVQ Modivcare Inc. | New | 1.77% | +1.77 |
| PAR Par Technology Corp. | Add +208.1% | 2.52% | +1.76 |
| HCP Hashicorp Inc. Class A | New | 1.57% | +1.57 |
| AMZN Amazon.com Inc. | New | 1.50% | +1.50 |
| MACIU Melar Acquisition Corp. I | New | 1.49% | +1.49 |
| EMCGF Embrace Change Acquisition C | New | 1.35% | +1.35 |
| TFII Tfi International Inc. | Add +108.4% | 2.52% | +1.23 |
| VFC VF Corp. | Add +853.1% | 1.36% | +1.21 |
| MONTEREY CAP ACQUISITION COR | New | 1.20% | +1.20 |
| EVCO Everest Consolidator Acquisi | New | 1.19% | +1.19 |
| BFACF Battery Future Acquisition-A | New | 1.17% | +1.17 |
| CHEB.U Chenghe Acquisition II Co. | New | 1.10% | +1.10 |
| HAYN Haynes International Inc. | New | 1.05% | +1.05 |
| TRTLF Tortoiseecofin Acquisition-A | Add +596.5% | 1.21% | +1.04 |
| CTLT Catalent Inc. | New | 0.99% | +0.99 |
| IVCBF Invest Acquisition Corp. | New | 0.98% | +0.98 |
| HES Hess Corp. | Add +59.6% | 2.51% | +0.94 |
| EGRVF Evergreen Corporation Class A | New | 0.89% | +0.89 |
| NXPI NXP Semiconductors NV | New | 0.85% | +0.85 |
| BUJA Bukit Jalil Global Acquisiti | New | 0.85% | +0.85 |
| FORL Four Leaf Acquisition Cor-A | New | 0.84% | +0.84 |
| TCOA Zalatoris Acquisition Corp. | New | 0.77% | +0.77 |
| COLOMBIER ACQUISITION CORP | New | 0.74% | +0.74 |
| TONT.U Graf Global Corp. | New | 0.73% | +0.73 |
| PLAOF Patria Latin American Opport | New | 0.73% | +0.73 |
| DIST Distoken Acquisition Corp. | New | 0.65% | +0.65 |
| CSLMF CSLM Acquisition Corp. | New | 0.62% | +0.62 |
| QETA Quetta Acquisition Corp. | New | 0.61% | +0.61 |
| TLGYF TLGY Acquisition Corp. Class A | New | 0.61% | +0.61 |
| ARES ACQUISITION CORP II | New | 0.57% | +0.57 |
| GROY Gold Royalty Corp. | New | 0.57% | +0.57 |
| AIMTF Aimfinity Investment-Subunit | New | 0.56% | +0.56 |
| NEM Newmont Corp. | New | 0.56% | +0.56 |
| GOOG Alphabet Inc. Class C | Add +350.4% | 0.66% | +0.54 |
| KTOS Kratos Defense & Security | New | 0.53% | +0.53 |
| DJT Trump Media & Technology Gro | Add +34.8% | 0.64% | +0.52 |
| PRO Pros Holdings Inc. | Add +213.0% | 0.80% | +0.49 |
| MKSI MKS Inc. | Add +94.9% | 0.96% | +0.47 |
| CMCO Columbus McKinnon Corp. | New | 0.47% | +0.47 |
| HIBB Hibbett Inc. | New | 0.46% | +0.46 |
| BITF Bitfarms Ltd./Canada | New | 0.43% | +0.43 |
| AY Atlantica Sustainable Infras | New | 0.40% | +0.40 |
| RFAIU RF Acquisition Corp. II | New | 0.40% | +0.40 |
| SHOP Shopify Inc. Class A | New | 0.39% | +0.39 |
| MU Micron Technology Inc. | New | 0.38% | +0.38 |
| CLRCF Climaterock Class A | New | 0.37% | +0.37 |
Options Activity Q1 2024 → Q2 2024
| TLT iShares 20+ Year Treasury BD | put | Reduce -4.3% | 222,000 | $20.4M |
| VOO Vanguard S&P 500 ETF | call | Add +12.5% | 22,500 | $11.3M |
| IAU iShares Gold Trust | put | Sold out | 200,000 | $8.4Mbefore exit |
| XLC SS Comm Select Sector SPDR | put | Sold out | 100,000 | $8.2Mbefore exit |
| TLT iShares 20+ Year Treasury BD | call | Sold out | 75,000 | $7.1Mbefore exit |
| VST Vistra Corp. | call | Add +62.0% | 81,000 | $7.0M |
| ITOS Iteos Therapeutics Inc. | call | Add +1333.1% | 450,000 | $6.7M |
| GLD SPDR Gold Shares | put | Reduce -34.1% | 30,000 | $6.5M |
| MLM Martin Marietta Materials | call | Sold out | 10,000 | $6.1Mbefore exit |
| TROW T Rowe Price Group Inc. | call | Sold out | 50,000 | $6.1Mbefore exit |
| SMH Vaneck Semiconductor ETF | call | Sold out | 22,500 | $5.1Mbefore exit |
| TXNM TXNM Energy Inc. | call | Sold out | 119,500 | $4.5Mbefore exit |
| UNG US Natural Gas Fund LP | call | Sold out | 300,000 | $4.4Mbefore exit |
| TROW T Rowe Price Group Inc. | put | Sold out | 35,000 | $4.3Mbefore exit |
| FNV Franco-Nevada Corp. | call | Sold out | 32,300 | $3.8Mbefore exit |
| SANM Sanmina Corp. | call | Sold out | 60,000 | $3.7Mbefore exit |
| FCX Freeport-McMoran Inc. | call | Sold out | 75,000 | $3.5Mbefore exit |
| AR Antero Resources Corp. | put | New | 100,000 | $3.3M |
| GLD SPDR Gold Shares | call | Sold out | 15,000 | $3.1Mbefore exit |
| XME SS SPDR S&P Metals Mining | put | Sold out | 50,000 | $3.0Mbefore exit |
| GDXJ Vaneck Junior Gold Miners | put | Sold out | 75,000 | $2.9Mbefore exit |
| MSOS Advisorshares Pure US Cann | call | Sold out | 275,000 | $2.8Mbefore exit |
| SRG Seritage Growth Prop- A | call | Reduce -40.8% | 576,700 | $2.7M |
| ACA Arcosa Inc. | call | New | 30,000 | $2.5M |
| RGLD Royal Gold Inc. | call | Sold out | 20,000 | $2.4Mbefore exit |
| DJT Trump Media & Technology Gro | put | Sold out | 37,600 | $2.3Mbefore exit |
| INTC Intel Corp. | call | Sold out | 50,000 | $2.2Mbefore exit |
| KGC Kinross Gold Corp. | call | Sold out | 350,000 | $2.1Mbefore exit |
| ERO Ero Copper Corp. | put | New | 100,000 | $2.1M |
| PM Philip Morris International | call | New | 20,000 | $2.0M |
| AQN Algonquin Power & Utilities | call | New | 300,000 | $1.8M |
| AEM Agnico Eagle Mines Ltd. | put | New | 25,000 | $1.6M |
| SNOW Snowflake Inc. | put | Sold out | 10,000 | $1.6Mbefore exit |
| CLF Cleveland-Cliffs Inc. | put | New | 100,000 | $1.5M |
| XME SS SPDR S&P Metals Mining | call | Sold out | 25,000 | $1.5Mbefore exit |
| DELL Dell Technologies -C | put | Reduce -55.6% | 10,000 | $1.4M |
| FCX Freeport-McMoran Inc. | put | New | 28,000 | $1.4M |
| RGLD Royal Gold Inc. | put | New | 10,000 | $1.3M |
| SPRY Ars Pharmaceuticals Inc. | call | Reduce -15.9% | 143,900 | $1.2M |
| CLF Cleveland-Cliffs Inc. | call | Sold out | 50,000 | $1.1Mbefore exit |
| PHM Pultegroup Inc. | call | New | 10,000 | $1.1M |
| NEM Newmont Corp. | put | Sold out | 27,500 | $986Kbefore exit |
| PLL Piedmont Lithium Inc. | call | Sold out | 70,000 | $932Kbefore exit |
| KGC Kinross Gold Corp. | put | New | 100,000 | $832K |
| EQX Equinox Gold Corp. | put | Add +16.0% | 145,000 | $758K |
| BRZE Braze Inc. Class A | put | Sold out | 15,000 | $665Kbefore exit |
| ALB Albemarle Corp. | call | Sold out | 5,000 | $659Kbefore exit |
| NLOP Net Lease Office Property | call | New | 25,000 | $616K |
| SMAR Smartsheet Inc. Class A | put | Sold out | 15,000 | $578Kbefore exit |
| PTON Peloton Interactive Inc. Class A | call | Sold out | 129,100 | $553Kbefore exit |
Showing the first 50 of 58.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2024 → Q2 2024
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | Reduce -14.3% | 12,000 | $14.0M |
| SPIRIT AIRLINES INC (SAVE 1 05/15/26) | NOTE 1.000% 5/1 · principal | Add +12.2% | 18,393 | $9.1M |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Add +71.4% | 7,321 | $6.9M |
| REDWOOD TRUST INC (RWT 5.625 07/15/24) | NOTE 5.625% 7/1 · principal | Sold out | 6,572 | $6.6Mbefore exit |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | New | 5,500 | $4.9M |
| WAYFAIR INC (W 1 08/15/26) | NOTE 1.000% 8/1 · principal | Sold out | 5,000 | $4.6Mbefore exit |
| CORE SCIENTIFIC INC (CORZ 12 01/23/29) | NOTE 10.000% 1/2 · principal | Sold out | 5,000 | $4.5Mbefore exit |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | New | 4,000 | $3.5M |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | New | 304,493 | $2.6M |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | Reduce -60.1% | 2,396 | $2.3M |
| SABLE OFFSHORE CORP | *W EXP 02/14/202 | Add +347.1% | 166,108 | $709K |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | New | 988,400 | $188K |
| EVCOW Everest Consolidator Acquisi | *W EXP 99/99/999 | Reduce -0.0% | 606,287 | $121K |
| TRTWF Tortoiseecofin Acquisit-CW | *W EXP 07/22/202 | Add +6.2% | 984,489 | $118K |
| CVIIW Churchill Capital Vii -CW28 | *W EXP 02/29/202 | Reduce -22.6% | 292,250 | $102K |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | Reduce -3.7% | 194,574 | $88K |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | Add +85.2% | 544,172 | $71K |
| VIRGIN GALATIC HOLDINGS | 2.500 02/01/27 CVT · principal | New | 23,500 | $69K |
| LOTWW Lotus Technology Inc.-28 | *W EXP 02/22/202 | Sold out | 105,926 | $51Kbefore exit |
| KRNLW Kernel Group HLDG -A -CW27 | *W EXP 99/99/999 | New | 370,000 | $48K |
| SKGRW SK Growth Opportunities -29 | *W EXP 06/28/202 | New | 184,157 | $44K |
| HUBCZ Hub Cyber Security -CW23 | *W EXP 08/22/202 | Reduce -1.1% | 2,129,358 | $43K |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | New | 247,312 | $40K |
| INTEW Integral Acquisition -CW28 | *W EXP 05/31/202 | Add +57.5% | 351,311 | $35K |
| BHACW Crixus BH3 Acquisition -CW26 | *W EXP 99/99/999 | New | 408,359 | $33K |
| RMGWF RMG Acquisition Class A -CW27 | *W EXP 99/99/999 | Sold out | 540,682 | $32Kbefore exit |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | Add +48.8% | 295,146 | $30K |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | Reduce -0.5% | 183,091 | $27K |
| AACIW Armada Acquisition I -CW23 | *W EXP 99/99/999 | Add +92.9% | 207,659 | $25K |
| IVCWF Investcorp Europe Acquis -27 | *W EXP 12/15/202 | Reduce -32.3% | 344,748 | $24K |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | New | 200,000 | $24K |
| USARW Inflection Point Acquis-C-28 | *W EXP 08/31/202 | Add +34.5% | 258,135 | $23K |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 03/18/202 | New | 235,190 | $19K |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | Reduce -6.0% | 91,475 | $16K |
| ATLANTICA JERSEY LTD (AY 4 07/15/25) | NOTE 4.000% 7/1 · principal | Reduce -11.6% | 15,300 | $15K |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | Add +46.2% | 16,079 | $14K |
| PLMWF Plum Acquisition Corp. III-CW | *W EXP 03/31/202 | New | 160,480 | $11K |
| PERCEPTION CAPITAL CORP III | *W EXP 99/99/999 | New | 350,000 | $11K |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | Reduce -20.0% | 10,000 | $10K |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | Add +492.8% | 10,225 | $10K |
| HUBCW Hub Cyber Security Ltd.-28 | *W EXP 02/27/202 | Sold out | 404,542 | $8Kbefore exit |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | Add +280.0% | 9,500 | $8K |
| WAYFAIR INC (W 1.125 11/01/24) | NOTE 1.125%11/0 · principal | Sold out | 8,000 | $8Kbefore exit |
| FORLW Four Leaf Acquisition Cor-28 | *W EXP 03/15/202 | Reduce -15.6% | 188,517 | $8K |
| SNAP INC (SNAP 0.25 05/01/25) | NOTE 0.250% 5/0 · principal | New | 7,100 | $7K |
| PERFICIENT INC (PRFT 0.125 11/15/26) | NOTE 0.125%11/1 · principal | New | 7,000 | $7K |
| SABRE GLBL INC (SABHLD 4 04/15/25) | NOTE 4.000% 4/1 · principal | New | 6,309 | $6K |
| QUADRO ACQUISITION ONE CORP | *W EXP 06/30/202 | Sold out | 150,101 | $6Kbefore exit |
| FASWF Stonebridge Acquisition-CW23 | *W EXP 04/02/202 | New | 100,000 | $6K |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | New | 6,000 | $6K |
Showing the first 50 of 65.
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 189 | $384.8M | PFSI, GLD, GOOG, SUNC, DCH |
| Q1 2026 | 188 | $328.1M | GOOG, PFSI, DCH, SUNC, FSLR |
| Q4 2025 | 161 | $265.7M | BTI, XPOF, DCH, SUNC, FSLR |
| Q3 2025 | 126 | $278.7M | GLD, CORZ, OPEN, SPRY, SLV |
| Q2 2025 | 115 | $230.9M | IBIT, FSLR, MAG, CORZ, SPRY |
| Q1 2025 | 97 | $176.1M | GLD, IBIT, ONEN, SPRY, SEI |
| Q4 2024 | 95 | $202.7M | IBIT, IAU, WLAC, SEI, DYNC |
| Q3 2024 | 114 | $199.3M | IAU, VACHU, IBIT, HONDU, VCICU |
| Q2 2024 | 111 | $188.6M | SPRY, IAU, IBIT, ALFUU, CUBWU |
| Q1 2024 | 124 | $194.9M | SPRY, IAU, IBIT, COOP, PXD |