K2 Principal Fund, L.P.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 15, 2024), K2 Principal Fund, L.P. reported 114 stock positions worth $199.3 million. Its top holding was iShares Gold Trust (IAU) at 6.2% of the portfolio, followed by Voyager Acquisition (VACHU, 5.2%) and iShares Bitcoin Trust ETF (IBIT, 4.4%). Compared with Q2 2024, it opened 56 new positions, sold out of 53, added to 23 and reduced 26. The biggest buy was a new position in Voyager Acquisition (VACHU) and the biggest sale Ars Pharmaceuticals (SPRY, shares −95%).
- Most Recent 13F
- Q2 2026
- Location
- TORONTO, A6
- CIK
- 0001461790
- Portfolio Value
- $199.3M (Q3 2024)
- SEC Filing
- 0001461790-24-000046 ↗ filed Nov 15, 2024
Holdings Value
Holdings 114 stocks · $199.3M
| IAU iShares Gold Trust | 6.23% | 250,000 | $12.4M | No change |
| VACHU Voyager Acquisition Corp. | 5.23% | 1,042,400 | $10.4M | New |
| IBIT iShares Bitcoin Trust ETF | 4.35% | 240,001 | $8.7M | Add +20.0% |
| HONDU HCM II Acquisition Corp. | 3.89% | 774,788 | $7.8M | New |
| VCICU Vine Hill Cap Invest-Unit | 3.64% | 725,000 | $7.3M | New |
| PMT Pennymac Mortgage Investment | 2.93% | 409,610 | $5.8M | New |
| ITOS Iteos Therapeutics Inc. | 2.74% | 534,951 | $5.5M | Add +108.1% |
| POLEU Andretti Acquisition Corp. II | 2.71% | 540,373 | $5.4M | New |
| TLN Talen Energy Corp. | 2.62% | 29,289 | $5.2M | New |
| ACI Albertsons Cos Inc. Class A | 2.51% | 270,501 | $5.0M | Add +68.4% |
| HES Hess Corp. | 2.28% | 33,523 | $4.6M | Add +4.3% |
| FTW Eqv Ventures Acquisition C-A | 2.17% | 436,387 | $4.3M | New |
| PAR Par Technology Corp. | 2.16% | 82,702 | $4.3M | Reduce -18.1% |
| GOOG Alphabet Inc. Class C | 2.10% | 25,000 | $4.2M | Add +270.0% |
| AMZN Amazon.com Inc. | 2.07% | 22,119 | $4.1M | Add +51.1% |
| HCP Hashicorp Inc. Class A | 2.00% | 117,951 | $4.0M | Add +34.0% |
| BSIIU Black Spade Acquisition II C | 1.95% | 390,546 | $3.9M | New |
| NLOP Net Lease Office Property | 1.85% | 120,487 | $3.7M | Reduce -7.6% |
| VFC VF Corp. | 1.80% | 180,000 | $3.6M | Reduce -5.6% |
| GLD SPDR Gold Shares | 1.62% | 13,300 | $3.2M | New |
| CFFS CF Acquisition Corp. Vii Class A | 1.45% | 259,800 | $2.9M | New |
| TFII Tfi International Inc. | 1.36% | 19,812 | $2.7M | Reduce -39.4% |
| SWN Southwestern Energy Co. | 1.35% | 377,753 | $2.7M | Add +1115.6% |
| CLF Cleveland-Cliffs Inc. | 1.19% | 185,000 | $2.4M | Add +1078.3% |
| INTC Intel Corp. | 1.18% | 100,000 | $2.3M | Reduce -25.9% |
| MODVQ Modivcare Inc. | 1.14% | 158,820 | $2.3M | Add +24.6% |
| GATO Gatos Silver Inc. | 1.02% | 135,060 | $2.0M | New |
| SLV iShares Silver Trust | 1.00% | 70,000 | $2.0M | New |
| NXPI NXP Semiconductors NV | 0.97% | 8,020 | $1.9M | Add +34.5% |
| VST Vistra Corp. | 0.95% | 16,000 | $1.9M | Add +39.7% |
| UBER Uber Technologies Inc. | 0.94% | 24,988 | $1.9M | New |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.94% | 19,500 | $1.9M | New |
| TLGYF TLGY Acquisition Corp. Class A | 0.92% | 158,685 | $1.8M | Add +58.3% |
| BFACF Battery Future Acquisition-A | 0.91% | 164,440 | $1.8M | Reduce -17.7% |
| SPRY Ars Pharmaceuticals Inc. | 0.87% | 120,000 | $1.7M | Reduce -95.1% |
| TSM Taiwan Semiconductor-SP ADR | 0.87% | 10,000 | $1.7M | Add +228.5% |
| TGAAF Target Global Acquisition -A | 0.86% | 152,424 | $1.7M | New |
| PHYTF Pyrophyte Acquisition Corp. Class A | 0.82% | 141,468 | $1.6M | New |
| CIEN Ciena Corp. | 0.79% | 25,576 | $1.6M | Add +32.4% |
| CP Canadian Pacific Kansas City | 0.79% | 18,400 | $1.6M | New |
| MRVL Marvell Technology Inc. | 0.78% | 21,468 | $1.5M | Add +4.4% |
| TETEF Technology & Telecommunicati | 0.76% | 125,000 | $1.5M | New |
| AVGO Broadcom Inc. | 0.70% | 8,131 | $1.4M | Reduce -41.9% |
| COLOMBIER ACQUISITION CORP | 0.70% | 136,518 | $1.4M | No change |
| MKSI MKS Inc. filed as MKS INSTRS INC | 0.70% | 12,849 | $1.4M | Reduce -7.2% |
| PLAOF Patria Latin American Opport | 0.68% | 116,774 | $1.4M | Reduce -2.8% |
| CTLT Catalent Inc. | 0.66% | 21,607 | $1.3M | Reduce -34.6% |
| PRO Pros Holdings Inc. | 0.63% | 68,000 | $1.3M | Add +29.5% |
| ON On Semiconductor | 0.62% | 16,973 | $1.2M | New |
| PLMJF Plum Acquisition Corp. III | 0.60% | 110,000 | $1.2M | New |
| QETA Quetta Acquisition Corp. | 0.58% | 111,530 | $1.2M | No change |
| BBU Brookfield Business PT-Unit | 0.58% | 49,505 | $1.2M | Reduce -17.3% |
| GLLI Globalink Investment Inc. | 0.57% | 100,000 | $1.1M | New |
| ARES ACQUISITION CORP II | 0.55% | 101,694 | $1.1M | Add +0.2% |
| BAM Brookfield Asset Mgmt-A | 0.55% | 17,096 | $1.1M | New |
| GODN Golden Star Acquisition Corp. | 0.55% | 100,000 | $1.1M | Reduce -6.3% |
| STLD Steel Dynamics Inc. | 0.53% | 8,400 | $1.1M | Reduce -30.6% |
| BOCN Blue Ocean Acquisition Cor-A | 0.51% | 90,000 | $1.0M | New |
| XHB SS SPDR S&P Homebldrs ETF | 0.50% | 8,000 | $996K | New |
| SDIG Stronghold Digital Mining-A | 0.44% | 174,561 | $882K | New |
| NVEI Nuvei Corp.-Subordinate VTG | 0.43% | 25,711 | $857K | Add +130.4% |
| WELNF Integrated Wellness Acq - A | 0.43% | 72,000 | $849K | New |
| RCL Royal Caribbean Cruises Ltd. | 0.42% | 4,754 | $843K | Add +44.1% |
| MLM Martin Marietta Materials | 0.41% | 1,500 | $807K | New |
| AGS Playags Inc. | 0.40% | 69,918 | $796K | Add +83.4% |
| MU Micron Technology Inc. | 0.39% | 7,500 | $778K | Add +36.4% |
| AY Atlantica Sustainable Infras | 0.38% | 34,494 | $758K | No change |
| GROY Gold Royalty Corp. | 0.37% | 537,175 | $731K | Reduce -29.4% |
| IMO Imperial Oil Ltd. | 0.32% | 9,000 | $634K | New |
| DYCQ DT Cloud Acquisition Corp. | 0.32% | 61,021 | $629K | New |
| FTII Futuretech II Acquisiti Class A | 0.28% | 50,000 | $551K | No change |
| MRO Marathon Oil Corp. | 0.27% | 20,200 | $538K | New |
| DMYY DMY Squared Technology GR-A | 0.27% | 50,000 | $537K | No change |
| BTU Peabody Energy Corp. | 0.25% | 19,100 | $507K | New |
| GOOS Canada Goose Holdings Inc. | 0.25% | 40,000 | $501K | New |
| FVNNU Future Vision II Acq Corp. | 0.25% | 50,022 | $501K | New |
| KTOS Kratos Defense & Security | 0.24% | 20,280 | $473K | Reduce -59.4% |
| GSM Ferroglobe PLC | 0.23% | 100,000 | $464K | No change |
| CBRRF Chain Bridge I-A | 0.23% | 40,000 | $452K | New |
| RZLV Rezolve AI PLC | 0.22% | 131,250 | $441K | New |
| ODFL Old Dominion Freight Line | 0.21% | 2,100 | $417K | New |
| CNQ Canadian Natural Resources | 0.20% | 12,300 | $408K | New |
| DIST Distoken Acquisition Corp. | 0.20% | 37,572 | $408K | Reduce -67.1% |
| PMCB Pharmacyte Biotech Inc. | 0.20% | 209,266 | $400K | Reduce -36.1% |
| PROF Profound Medical Corp. | 0.20% | 50,000 | $398K | New |
| NE Noble Corp. PLC | 0.20% | 10,900 | $394K | New |
| BHAC Focus Impact BH3 Acquisiti-A | 0.20% | 37,019 | $389K | New |
| GHIX Gores Holding Ix Inc. Class A | 0.19% | 36,469 | $386K | New |
| ARCH Arch Resources Inc. | 0.17% | 2,500 | $345K | New |
| CEP Cantor Equity Partners Inc. | 0.16% | 32,380 | $325K | New |
| JELD Jeld-Wen Holding Inc. | 0.14% | 17,602 | $278K | New |
| BTMD Biote Corp. Class A | 0.14% | 49,651 | $277K | New |
| EGRVF Evergreen Corporation Class A | 0.14% | 23,599 | $275K | Reduce -83.8% |
| SQSP Squarespace Inc. Class A | 0.14% | 5,800 | $269K | No change |
| XPL Solitario Resources Corp. | 0.13% | 381,913 | $267K | Reduce -30.6% |
| HAYN Haynes International Inc. | 0.13% | 4,195 | $250K | Reduce -87.6% |
| SYM Symbotic Inc. | 0.12% | 10,000 | $244K | Add +25.0% |
| ASTS Ast Spacemobile Inc. | 0.12% | 8,873 | $232K | New |
| NPWR Net Power Inc. | 0.12% | 33,037 | $232K | No change |
| KGC Kinross Gold Corp. | 0.11% | 23,400 | $219K | Reduce -74.5% |
| VBNK Versabank | 0.11% | 15,866 | $211K | New |
| RVT Royce Small-Cap Trust Inc. | 0.11% | 13,400 | $210K | New |
| INTE Integral Acquisition Corp. Class A | 0.10% | 18,572 | $206K | Reduce -62.9% |
| SOC Sable Offshore Corp. | 0.10% | 8,631 | $204K | New |
| ZEO Zeo Energy Corp. | 0.10% | 115,580 | $195K | Reduce -76.0% |
| MBI Mbia Inc. | 0.09% | 48,449 | $173K | New |
| SABA Saba Capital Income & Opp II | 0.09% | 20,000 | $170K | New |
| BMEZ BlackRock HLTH Sci TRM TR II | 0.08% | 10,000 | $158K | New |
| BTDR Bitdeer Technologies Group-A | 0.08% | 20,000 | $157K | New |
| GLACF Global Lights Acquisition Co. | 0.06% | 10,841 | $113K | New |
| PITEF Heramba Electric PLC | 0.05% | 63,631 | $109K | New |
| HPAI Helport AI Ltd. | 0.04% | 29,152 | $72K | New |
| BITF Bitfarms Ltd./Canada | 0.03% | 30,745 | $65K | Reduce -90.3% |
| XFOR X4 Pharmaceuticals Inc. | 0.03% | 89,158 | $60K | Reduce -81.8% |
Options reported separately and not counted above: GLD puts ($25.0M), KREF calls ($6.2M), FCX calls ($5.1M), QQQ puts ($4.9M), INSP calls ($4.6M), ITOS calls ($4.1M), AEM calls ($3.5M), SOC calls ($2.7M), NVDA puts ($2.4M), VOO calls ($2.4M), XLE calls ($2.2M), BTU calls ($2.2M), and 29 more.
Other holdings (108): bonds, preferreds, convertibles and warrants · $92.6M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DROPBOX INC (DBX 0 03/01/26) | NOTE 3/0 · principal | 15,859 | $15.3M | No change |
| NUTANIX INC (NTNX 0.25 10/01/27) | NOTE 0.250%10/0 · principal | 12,000 | $14.4M | No change |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | 10,000 | $9.3M | Add +81.8% |
| RAPID7 INC (RPD 0.25 03/15/27) | NOTE 0.250% 3/1 · principal | 10,000 | $9.2M | No change |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | 9,321 | $8.9M | Add +27.3% |
| RINGCENTRAL INC (RNG 0 03/01/25) | NOTE 3/0 · principal | 7,799 | $7.6M | No change |
| AKAMAI TECHNOLOGIES INC (AKAM 0.375 09/01/27) | NOTE 0.375% 9/0 · principal | 7,000 | $7.2M | No change |
| PERFICIENT INC (PRFT 0.125 11/15/26) | NOTE 0.125%11/1 · principal | 7,000 | $6.9M | No change |
| SPIRIT AIRLINES INC (SAVE 1 05/15/26) | NOTE 1.000% 5/1 · principal | 19,393 | $5.9M | Add +5.4% |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | 452,753 | $3.0M | New |
| NUVASIVE INC (GMED 0.375 03/15/25) | NOTE 0.375% 3/1 · principal | 2,396 | $2.3M | No change |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | 200,056 | $344K | New |
| GROY.WS Gold Royalty Corp. -29 | *W EXP 05/31/202 | 988,400 | $297K | No change |
| SMR.WS Nuscale Power Co. -CW27 | *W EXP 05/02/202 | 63,045 | $200K | New |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | 15,951 | $188K | Reduce -94.8% |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | 811,008 | $122K | New |
| USARW Inflection Point Acquis-C-28 | *W EXP 08/31/202 | 430,029 | $103K | Add +66.6% |
| KDKRW Ares Acquisition Corp. II-28 | *W EXP 99/99/999 | 544,172 | $87K | No change |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | 538,356 | $70K | New |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | 1,255,879 | $63K | Add +88.0% |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | 235,190 | $56K | New |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | 508,916 | $41K | New |
| SKGRW SK Growth Opportunities -29 | *W EXP 06/28/202 | 184,157 | $39K | No change |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | 256,312 | $38K | Add +412.6% |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | 406,721 | $37K | New |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | 266,020 | $35K | Add +351.4% |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | 359,151 | $32K | New |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | 186,684 | $28K | Reduce -24.5% |
| NETDW Nabors Energy Transiti-CW | *W EXP 09/01/202 | 295,146 | $27K | No change |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | 290,553 | $26K | Reduce -9.1% |
| GCTS.WS Concord Acq Class A -CW28 | *W EXP 03/01/202 | 183,091 | $24K | No change |
| BHACW Crixus BH3 Acquisition -CW26 | *W EXP 99/99/999 | 580,967 | $23K | Add +42.3% |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | 363,314 | $22K | New |
| PITWF Heramba Electric PLC-28 | *W EXP 07/26/202 | 214,336 | $21K | New |
| RZLVW Rezolve AI PLC -CW27 | *W EXP 08/15/202 | 103,775 | $19K | New |
| SVIRF Spring Valley Acquisit-Right | RIGHT 02/25/2026 | 200,000 | $18K | No change |
| OPENDOOR TECHNOLOGIES IN | 0.250 08/15/26 CVT · principal | 19,429 | $17K | New |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | 261,500 | $16K | New |
| ATLANTICA JERSEY LTD (AY 4 07/15/25) | NOTE 4.000% 7/1 · principal | 15,300 | $15K | No change |
| OAKUW Oak Woods Acquisition -28 | *W EXP 99/99/999 | 501,190 | $15K | No change |
| PELOTON INTERACTIVE INC (PTON 0 02/15/26) | NOTE 2/1 · principal | 16,079 | $15K | No change |
| SVIWF Spring Valley Acquisition-Aw | *W EXP 02/25/202 | 360,841 | $14K | No change |
| INTEW Integral Acquisition -CW28 | *W EXP 05/31/202 | 351,311 | $14K | No change |
| MICROSTRATEGY INC (MSTR 0 02/15/27) | NOTE 2/1 · principal | 10,200 | $14K | No change |
| CSLWF Consilium Acquisition -27 | *W EXP 99/99/999 | 133,900 | $13K | Add +131.7% |
| KAR AUCTION | 5.125 6/1/2025 · principal | 12,487 | $13K | New |
| SPHERE ENTM T CO | 3.50 01/12/2028 · principal | 8,500 | $12K | New |
| IBACR Ib Acquisition Corp.-RTS | RIGHT 09/28/2026 | 150,000 | $12K | No change |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | 99,000 | $12K | New |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | 12,000 | $12K | Add +20.0% |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | 13,250 | $12K | Reduce -27.4% |
| AIR CANADA | 4.00 7/1/2025 · principal | 11,303 | $12K | New |
| VERMILION ENERGY TRUST | 5.625 15/03/2025 144A · principal | 11,559 | $12K | New |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | 224,607 | $11K | Reduce -8.9% |
| TLGWF TLGY Acquisition Corp. -23 | *W EXP 11/09/202 | 360,690 | $11K | No change |
| EVCOW Everest Consolidator Acquisi | *W EXP 99/99/999 | 359,510 | $11K | Reduce -40.7% |
| TRIPADVISOR INC (TRIP 0.25 04/01/26) | NOTE 0.250% 4/0 · principal | 11,500 | $11K | No change |
| PERCEPTION CAPITAL CORP III | *W EXP 99/99/999 | 350,000 | $11K | No change |
| LENDINGTREE INC (TREE 0.5 07/15/25) | NOTE 0.500% 7/1 · principal | 10,225 | $10K | No change |
| VIRGIN GALATIC HOLDINGS | 2.500 02/01/27 CVT · principal | 28,500 | $9K | Add +21.3% |
| BSLKW Golden Arrow Merger A -CW26 | *W EXP 08/13/202 | 300,000 | $9K | New |
| UPSTART HOLDINGS INC (UPST 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 10,000 | $9K | New |
| WESTERN DIGITAL | 3.00 15/11/2028 · principal | 6,000 | $9K | New |
| IIP OPERATING PARTNER | 5.500 05/25/26 '26 · principal | 9,082 | $9K | New |
| FIRST MAJESTIC SILVER (AGCN 0.375 01/15/27) | NOTE 0.375% 1/1 · principal | 9,500 | $8K | No change |
| MARATHON DIGITAL | 2.125 01/09/2031 · principal | 7,000 | $8K | New |
| WISDOMTREE INVESTMENTS (WT 3.25 06/15/26) | NOTE 3.250% 6/1 · principal | 7,344 | $8K | No change |
| AAM.WS Aa Mission Acquisition -30 | *W EXP 08/01/203 | 125,000 | $8K | New |
| ESHAR Esh Acquisition Corp. - Right | RIGHT 06/13/2028 | 92,627 | $7K | No change |
| CHEB.WS Chenghe Acquisition II - 29 | *W EXP 05/30/203 | 105,037 | $7K | New |
| BLACKBERRY LTD | 3.00 15/02/2029 · principal | 7,000 | $7K | New |
| PLMWF Plum Acquisition Corp. III-CW | *W EXP 03/31/202 | 140,912 | $7K | Reduce -12.2% |
| CORZ 3 09/01/29 | FIXED INCOME · principal | 5,000 | $7K | New |
| LUMENTUM HOLDINGS INC (LITE 1.5 12/15/29) | NOTE 1.500%12/1 · principal | 6,000 | $7K | No change |
| SNAP INC (SNAP 0.25 05/01/25) | NOTE 0.250% 5/0 · principal | 7,100 | $7K | No change |
| BFQWF Battery Future Acquis A -23 | *W EXP 99/99/999 | 670,438 | $7K | Add +42.5% |
| WISDOMTREE INC | 3.25 15/08/2029 · principal | 6,000 | $6K | New |
| SABRE GLBL INC (SABHLD 4 04/15/25) | NOTE 4.000% 4/1 · principal | 6,309 | $6K | No change |
| GROUPON INC (GRPN 1.125 03/15/26) | NOTE 1.125% 3/1 · principal | 6,500 | $6K | New |
| BOWNR Bowen Acquisition Corp.-RTS | RIGHT 99/99/9999 | 29,596 | $6K | No change |
| BOCNW Blue Ocean Acquisition A -23 | *W EXP 99/99/999 | 281,000 | $6K | No change |
| BLACKLINE INC (BL 0 03/15/26) | NOTE 3/1 · principal | 6,000 | $6K | No change |
| MUVICO LLC | 8.000 04/30/30 CVT · principal | 5,000 | $5K | New |
| PETIQ INC (PETQ 4 06/01/26) | NOTE 4.000% 6/0 · principal | 4,522 | $5K | New |
| MICHAEL KORS USA | 4.25 01/11/2024 · principal | 5,000 | $5K | New |
| TONT.WS Graf Global Corp.- 29 | *W EXP 05/31/203 | 32,657 | $5K | Reduce -52.8% |
| TECHTARGET HOLDINGS INC (TTGT 0 12/15/26) | NOTE 12/1 · principal | 5,000 | $5K | No change |
| GOPRO INC (GPRO 1.25 11/15/25) | NOTE 1.250%11/1 · principal | 5,000 | $4K | No change |
| FORLW Four Leaf Acquisition Cor-28 | *W EXP 03/15/202 | 87,856 | $4K | Reduce -53.4% |
| LITHIUM ARGENTINA AG (LARCN 1.75 01/15/27) | NOTE 1.750% 1/1 · principal | 5,095 | $4K | No change |
| BYNOW Bynordic Acquisition -CW27 | *W EXP 07/01/202 | 55,050 | $4K | New |
| UPWORK INC (UPWK 0.25 08/15/26) | NOTE 0.250% 8/1 · principal | 4,000 | $4K | No change |
| IVCWF Investcorp Europe Acquis -27 | *W EXP 12/15/202 | 333,948 | $3K | Reduce -3.1% |
| RFAIR RF Acquisition Corp. II | RIGHT 05/01/2026 | 50,000 | $3K | Reduce -33.3% |
| BNIXW Bannix Acquisition Corp.-CW23 | *W EXP 07/31/202 | 148,397 | $3K | No change |
| INFINERA CORP (INFN 3.75 08/01/28) | NOTE 3.750% 8/0 · principal | 2,500 | $3K | No change |
| LUMENTUM HOLDINGS INC (LITE 0.5 06/15/28) | NOTE 0.500% 6/1 · principal | 3,000 | $3K | No change |
| WINVW Winvest Acquisition -CW23 | *W EXP 08/09/202 | 257,731 | $3K | No change |
| LIB TRIP ADV HOL | 0.50 30/06/2051 · principal | 2,250 | $2K | New |
| HYAC.WS Haymaker Acquisition Corp.-28 | *W EXP 05/31/202 | 12,500 | $2K | No change |
| PORCH GROUP INC | NOTE/6 750% 10/1 · principal | 3,500 | $2K | New |
| ATMCW Alphatime Acquisition Cor-28 | *W EXP 03/01/202 | 141,606 | $1K | No change |
| MODIVCARE | 5.00 01/10/2029 · principal | 2,000 | $1K | New |
| MCAAW Mountain & Co. I Acq -CW23 | *W EXP 09/30/202 | 108,900 | $1K | No change |
| CANNABIST CO | 6.00 29/06/2025 · principal | 1,000 | $870 | New |
| CANNABIST CO | 6.00 29/06/2025 · principal | 1,000 | $868 | New |
| LUCID GROUP INC (LCID 1.25 12/15/26) | 1.250 12/15/26 CVT · principal | 1,000 | $675 | New |
| HUBCZ Hub Cyber Security -CW23 | *W EXP 08/22/202 | 1,950,375 | $0 | Reduce -8.4% |
Total filed on the 13F, all lines: $291.9M.
Portfolio Sells Q2 2024 → Q3 2024
| SPRY Ars Pharmaceuticals Inc. | Reduce -95.1% | 0.87% | −10.23 |
| ALFUU Centurion Acquisition Corp. | Sold out | 0.00% | −3.39 |
| CUBWU Lionheart Holdings | Sold out | 0.00% | −2.54 |
| SRG Seritage Growth Prop- A | Sold out | 0.00% | −2.44 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −2.36 |
| MACIU Melar Acquisition Corp. I | Sold out | 0.00% | −1.49 |
| EMCGF Embrace Change Acquisition C | Sold out | 0.00% | −1.35 |
| TRTLF Tortoiseecofin Acquisition-A | Sold out | 0.00% | −1.21 |
| MONTEREY CAP ACQUISITION COR | Sold out | 0.00% | −1.20 |
| EVCO Everest Consolidator Acquisi | Sold out | 0.00% | −1.19 |
| TFII Tfi International Inc. | Reduce -39.4% | 1.36% | −1.16 |
| CHEB.U Chenghe Acquisition II Co. | Sold out | 0.00% | −1.10 |
| INTC Intel Corp. | Reduce -25.9% | 1.18% | −1.04 |
| COOP Mr Cooper Group Inc. | Sold out | 0.00% | −1.00 |
| IVCBF Invest Acquisition Corp. | Sold out | 0.00% | −0.98 |
| HAYN Haynes International Inc. | Reduce -87.6% | 0.13% | −0.93 |
| FRLA Fortune Rise Acquisition Cor | Sold out | 0.00% | −0.92 |
| BUJA Bukit Jalil Global Acquisiti | Sold out | 0.00% | −0.85 |
| FORL Four Leaf Acquisition Cor-A | Sold out | 0.00% | −0.84 |
| IBAC Ib Acquisition Corp. | Sold out | 0.00% | −0.79 |
| TCOA Zalatoris Acquisition Corp. | Sold out | 0.00% | −0.77 |
| EGRVF Evergreen Corporation Class A | Reduce -83.8% | 0.14% | −0.75 |
| TONT.U Graf Global Corp. | Sold out | 0.00% | −0.73 |
| CVII Churchill Capital Corp. Vii-A | Sold out | 0.00% | −0.65 |
| DJT Trump Media & Technology Gro | Sold out | 0.00% | −0.64 |
| CSLMF CSLM Acquisition Corp. | Sold out | 0.00% | −0.62 |
| AIMTF Aimfinity Investment-Subunit | Sold out | 0.00% | −0.56 |
| NEM Newmont Corp. | Sold out | 0.00% | −0.56 |
| XFIN Excelfin Acquisition Corp. Class A | Sold out | 0.00% | −0.49 |
| AVGO Broadcom Inc. | Reduce -41.9% | 0.70% | −0.49 |
| CMCO Columbus McKinnon Corp. | Sold out | 0.00% | −0.47 |
| HIBB Hibbett Inc. | Sold out | 0.00% | −0.46 |
| ZEO Zeo Energy Corp. | Reduce -76.0% | 0.10% | −0.45 |
| DIST Distoken Acquisition Corp. | Reduce -67.1% | 0.20% | −0.45 |
| RFAIU RF Acquisition Corp. II | Sold out | 0.00% | −0.40 |
| BITF Bitfarms Ltd./Canada | Reduce -90.3% | 0.03% | −0.40 |
| SHOP Shopify Inc. Class A | Sold out | 0.00% | −0.39 |
| CLRCF Climaterock Class A | Sold out | 0.00% | −0.37 |
| RGLD Royal Gold Inc. | Sold out | 0.00% | −0.36 |
| PAR Par Technology Corp. | Reduce -18.1% | 2.16% | −0.36 |
| BYNO Bynordic Acquisition Corp. | Sold out | 0.00% | −0.34 |
| CTLT Catalent Inc. | Reduce -34.6% | 0.66% | −0.33 |
| CDAQF Compass Digital Acquisition | Sold out | 0.00% | −0.30 |
| STLD Steel Dynamics Inc. | Reduce -30.6% | 0.53% | −0.30 |
| KGC Kinross Gold Corp. | Reduce -74.5% | 0.11% | −0.30 |
| KTOS Kratos Defense & Security | Reduce -59.4% | 0.24% | −0.29 |
| CDNS Cadence Design SYS Inc. | Sold out | 0.00% | −0.29 |
| SEDA SDCL Edge Acquisition Corp. Class A | Sold out | 0.00% | −0.29 |
| FSM Fortuna Mining Corp. | Sold out | 0.00% | −0.29 |
| NFSCF Enphys Acquisition Corp. | Sold out | 0.00% | −0.29 |
Portfolio Buys Q2 2024 → Q3 2024
| VACHU Voyager Acquisition Corp. | New | 5.23% | +5.23 |
| HONDU HCM II Acquisition Corp. | New | 3.89% | +3.89 |
| VCICU Vine Hill Cap Invest-Unit | New | 3.64% | +3.64 |
| PMT Pennymac Mortgage Investment | New | 2.93% | +2.93 |
| POLEU Andretti Acquisition Corp. II | New | 2.71% | +2.71 |
| TLN Talen Energy Corp. | New | 2.62% | +2.62 |
| FTW Eqv Ventures Acquisition C-A | New | 2.17% | +2.17 |
| BSIIU Black Spade Acquisition II C | New | 1.95% | +1.95 |
| GLD SPDR Gold Shares | New | 1.62% | +1.62 |
| CFFS CF Acquisition Corp. Vii Class A | New | 1.45% | +1.45 |
| GOOG Alphabet Inc. Class C | Add +270.0% | 2.10% | +1.44 |
| SWN Southwestern Energy Co. | Add +1115.6% | 1.35% | +1.24 |
| CLF Cleveland-Cliffs Inc. | Add +1078.3% | 1.19% | +1.06 |
| GATO Gatos Silver Inc. | New | 1.02% | +1.02 |
| SLV iShares Silver Trust | New | 1.00% | +1.00 |
| UBER Uber Technologies Inc. | New | 0.94% | +0.94 |
| DIS The Walt Disney Co. | New | 0.94% | +0.94 |
| TGAAF Target Global Acquisition -A | New | 0.86% | +0.86 |
| ACI Albertsons Cos Inc. Class A | Add +68.4% | 2.51% | +0.83 |
| PHYTF Pyrophyte Acquisition Corp. Class A | New | 0.82% | +0.82 |
| CP Canadian Pacific Kansas City | New | 0.79% | +0.79 |
| TETEF Technology & Telecommunicati | New | 0.76% | +0.76 |
| IBIT iShares Bitcoin Trust ETF | Add +20.0% | 4.35% | +0.73 |
| ITOS Iteos Therapeutics Inc. | Add +108.1% | 2.74% | +0.72 |
| ON On Semiconductor | New | 0.62% | +0.62 |
| PLMJF Plum Acquisition Corp. III | New | 0.60% | +0.60 |
| TSM Taiwan Semiconductor-SP ADR | Add +228.5% | 0.87% | +0.59 |
| GLLI Globalink Investment Inc. | New | 0.57% | +0.57 |
| AMZN Amazon.com Inc. | Add +51.1% | 2.07% | +0.57 |
| BAM Brookfield Asset Mgmt-A | New | 0.55% | +0.55 |
| BOCN Blue Ocean Acquisition Cor-A | New | 0.51% | +0.51 |
| XHB SS SPDR S&P Homebldrs ETF | New | 0.50% | +0.50 |
| SDIG Stronghold Digital Mining-A | New | 0.44% | +0.44 |
| HCP Hashicorp Inc. Class A | Add +34.0% | 2.00% | +0.43 |
| VST Vistra Corp. | Add +39.7% | 0.95% | +0.43 |
| WELNF Integrated Wellness Acq - A | New | 0.43% | +0.43 |
| MLM Martin Marietta Materials | New | 0.41% | +0.41 |
| IMO Imperial Oil Ltd. | New | 0.32% | +0.32 |
| DYCQ DT Cloud Acquisition Corp. | New | 0.32% | +0.32 |
| TLGYF TLGY Acquisition Corp. Class A | Add +58.3% | 0.92% | +0.31 |
| CIEN Ciena Corp. | Add +32.4% | 0.79% | +0.30 |
| MRO Marathon Oil Corp. | New | 0.27% | +0.27 |
| BTU Peabody Energy Corp. | New | 0.25% | +0.25 |
| GOOS Canada Goose Holdings Inc. | New | 0.25% | +0.25 |
| FVNNU Future Vision II Acq Corp. | New | 0.25% | +0.25 |
| NVEI Nuvei Corp.-Subordinate VTG | Add +130.4% | 0.43% | +0.24 |
| CBRRF Chain Bridge I-A | New | 0.23% | +0.23 |
| RZLV Rezolve AI PLC | New | 0.22% | +0.22 |
| ODFL Old Dominion Freight Line | New | 0.21% | +0.21 |
| CNQ Canadian Natural Resources | New | 0.20% | +0.20 |
Options Activity Q2 2024 → Q3 2024
| GLD SPDR Gold Shares | put | Add +243.3% | 103,000 | $25.0M |
| TLT iShares 20+ Year Treasury BD | put | Sold out | 222,000 | $20.4Mbefore exit |
| VST Vistra Corp. | call | Sold out | 81,000 | $7.0Mbefore exit |
| KREF KKR Real Estate Finance Trus | call | New | 500,000 | $6.2M |
| FCX Freeport-McMoran Inc. | call | New | 102,500 | $5.1M |
| QQQ Invesco QQQ Trust Series 1 | put | New | 10,000 | $4.9M |
| INSP Inspire Medical Systems Inc. | call | Add +547.1% | 22,000 | $4.6M |
| ITOS Iteos Therapeutics Inc. | call | Reduce -10.3% | 403,700 | $4.1M |
| AEM Agnico Eagle Mines Ltd. | call | New | 43,900 | $3.5M |
| AR Antero Resources Corp. | put | Sold out | 100,000 | $3.3Mbefore exit |
| SOC Sable Offshore Corp. | call | New | 114,700 | $2.7M |
| ACA Arcosa Inc. | call | Sold out | 30,000 | $2.5Mbefore exit |
| NVDA Nvidia Corp. | put | New | 20,000 | $2.4M |
| VOO Vanguard S&P 500 ETF | call | Reduce -80.0% | 4,500 | $2.4M |
| XLE SS Energy Select Sector | call | New | 25,000 | $2.2M |
| BTU Peabody Energy Corp. | call | New | 82,500 | $2.2M |
| SLV iShares Silver Trust | call | New | 75,000 | $2.1M |
| PM Philip Morris International | call | Sold out | 20,000 | $2.0Mbefore exit |
| X United States Steel Corp. | call | New | 52,500 | $1.9M |
| CLF Cleveland-Cliffs Inc. | call | New | 145,000 | $1.9M |
| AQN Algonquin Power & Utilities | call | Sold out | 300,000 | $1.8Mbefore exit |
| CNI Canadian Natl Railway Co. | call | New | 15,000 | $1.8M |
| AEM Agnico Eagle Mines Ltd. | put | Sold out | 25,000 | $1.6Mbefore exit |
| CLF Cleveland-Cliffs Inc. | put | Sold out | 100,000 | $1.5Mbefore exit |
| SPRY Ars Pharmaceuticals Inc. | call | Reduce -26.5% | 105,800 | $1.5M |
| SRG Seritage Growth Prop- A | call | Reduce -43.5% | 325,600 | $1.5M |
| SLG SL Green Realty Corp. | put | New | 20,000 | $1.4M |
| DELL Dell Technologies -C | put | Sold out | 10,000 | $1.4Mbefore exit |
| FCX Freeport-McMoran Inc. | put | Sold out | 28,000 | $1.4Mbefore exit |
| NEM Newmont Corp. | call | New | 25,000 | $1.3M |
| RGLD Royal Gold Inc. | put | Sold out | 10,000 | $1.3Mbefore exit |
| ERO Ero Copper Corp. | put | Reduce -50.0% | 50,000 | $1.1M |
| PHM Pultegroup Inc. | call | Sold out | 10,000 | $1.1Mbefore exit |
| MDU Mdu Resources Group Inc. | call | Reduce -80.0% | 40,000 | $1.1M |
| VOO Vanguard S&P 500 ETF | put | New | 2,000 | $1.1M |
| HCC Warrior Met Coal Inc. | call | New | 15,000 | $959K |
| WGMI CS BTC Min Dig PWR ETF | put | New | 50,000 | $951K |
| ALB Albemarle Corp. | call | New | 10,000 | $947K |
| PII Polaris Inc. | put | New | 11,200 | $932K |
| KGC Kinross Gold Corp. | put | Sold out | 100,000 | $832Kbefore exit |
| INTC Intel Corp. | call | New | 35,000 | $821K |
| MLM Martin Marietta Materials | call | New | 1,500 | $807K |
| CCJ Cameco Corp. | call | New | 14,300 | $683K |
| SPHR Sphere Entertainment Co. | call | New | 15,000 | $663K |
| STLD Steel Dynamics Inc. | call | New | 5,000 | $630K |
| EQX Equinox Gold Corp. | put | Reduce -31.0% | 100,000 | $609K |
| BTDR Bitdeer Technologies Group-A | put | New | 75,000 | $587K |
| FNV Franco-Nevada Corp. | put | Sold out | 4,400 | $521Kbefore exit |
| MANH Manhattan Associates Inc. | put | Sold out | 2,000 | $493Kbefore exit |
| IRBTQ Irobot Corp. | put | Sold out | 50,000 | $456Kbefore exit |
Showing the first 50 of 59.
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q2 2024 → Q3 2024
| BOX INC (BOX 0 01/15/26) | NOTE 1/1 · principal | Sold out | 8,500 | $9.8Mbefore exit |
| JETBLUE AIRWAYS CORP (JBLU 0.5 04/01/26) | CONVERTIBLE BOND · principal | Add +81.8% | 10,000 | $9.3M |
| NICE LTD (NICEIT 0 09/15/25) | NOTE 9/1 · principal | Add +27.3% | 9,321 | $8.9M |
| SPIRIT AIRLINES INC (SAVE 1 05/15/26) | NOTE 1.000% 5/1 · principal | Add +5.4% | 19,393 | $5.9M |
| CORZW Core Scientific Inc. - 27 | *W EXP 01/23/202 | New | 452,753 | $3.0M |
| SABLE OFFSHORE CORP | *W EXP 02/14/202 | Sold out | 166,108 | $709Kbefore exit |
| ASTLW Algoma Steel Group Inc. -CW26 | *W EXP 10/19/202 | New | 200,056 | $344K |
| SMR.WS Nuscale Power Co. -CW27 | *W EXP 05/02/202 | New | 63,045 | $200K |
| CORZZ Core Scientific Inc. - 29 | *W EXP 01/23/202 | Reduce -94.8% | 15,951 | $188K |
| VLOSW M3-Brigade Acquisition -30 | *W EXP 99/99/999 | New | 811,008 | $122K |
| TRTWF Tortoiseecofin Acquisit-CW | *W EXP 07/22/202 | Sold out | 984,489 | $118Kbefore exit |
| USARW Inflection Point Acquis-C-28 | *W EXP 08/31/202 | Add +66.6% | 430,029 | $103K |
| CVIIW Churchill Capital Vii -CW28 | *W EXP 02/29/202 | Sold out | 292,250 | $102Kbefore exit |
| LZM.WS Lifezone Metals Ltd. -28 | *W EXP 07/05/202 | Sold out | 194,574 | $88Kbefore exit |
| EQV VENTURES ACQUISITION | *W EXP 07/01/203 | New | 538,356 | $70K |
| ZEOWW Esgen Acquisition A -CW23 | *W EXP 03/13/202 | Add +88.0% | 1,255,879 | $63K |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 09/13/202 | New | 235,190 | $56K |
| KRNLW Kernel Group HLDG -A -CW27 | *W EXP 99/99/999 | Sold out | 370,000 | $48Kbefore exit |
| LPAAW Launch One Acquisition - 29 | *W EXP 06/01/203 | New | 508,916 | $41K |
| LEGT.WS Legato Merger Corp. III-29 | *W EXP 05/08/203 | Add +412.6% | 256,312 | $38K |
| SIMAW Sim Acquisition Corp. - 29 | *W EXP 06/01/203 | New | 406,721 | $37K |
| SPKWF Spark I Acquisition Corp.-28 | *W EXP 10/01/203 | Add +351.4% | 266,020 | $35K |
| MACIW Melar Acquisition Corp. I -29 | *W EXP 06/01/203 | New | 359,151 | $32K |
| MRNOW Murano Global BV-28 | *W EXP 03/19/202 | Reduce -24.5% | 186,684 | $28K |
| ALFUW Centurion Acquisition - 29 | *W EXP 05/31/203 | Reduce -9.1% | 290,553 | $26K |
| AACIW Armada Acquisition I -CW23 | *W EXP 99/99/999 | Sold out | 207,659 | $25Kbefore exit |
| BHACW Crixus BH3 Acquisition -CW26 | *W EXP 99/99/999 | Add +42.3% | 580,967 | $23K |
| CUBWW Lionheart Holdings - WT | *W EXP 06/07/203 | New | 363,314 | $22K |
| PITWF Heramba Electric PLC-28 | *W EXP 07/26/202 | New | 214,336 | $21K |
| VEEAW Plum Acquisition I A -CW28 | *W EXP 03/18/202 | Sold out | 235,190 | $19Kbefore exit |
| RZLVW Rezolve AI PLC -CW27 | *W EXP 08/15/202 | New | 103,775 | $19K |
| PGYWW Pagaya Technologies Ltd. -27 | *W EXP 99/99/999 | Sold out | 154,481 | $17Kbefore exit |
| OPENDOOR TECHNOLOGIES IN | 0.250 08/15/26 CVT · principal | New | 19,429 | $17K |
| VGASW Cenaq Energy Corp. Class A -CW27 | *W EXP 02/15/202 | Sold out | 91,475 | $16Kbefore exit |
| HDRNW GIGCAPITAL7 Corp.-A - 29 | *W EXP 08/29/202 | New | 261,500 | $16K |
| CSLWF Consilium Acquisition -27 | *W EXP 99/99/999 | Add +131.7% | 133,900 | $13K |
| NOVVR Nova Vision Acquisition-RTS | RIGHT 99/99/9999 | Sold out | 79,252 | $13Kbefore exit |
| KAR AUCTION | 5.125 6/1/2025 · principal | New | 12,487 | $13K |
| SPHERE ENTM T CO | 3.50 01/12/2028 · principal | New | 8,500 | $12K |
| PROJECT ENERGY REIMAGINED AC | *W EXP 99/99/999 | Sold out | 206,110 | $12Kbefore exit |
| ANSCW Agriculture & Natural Solu-W | *W EXP 10/01/202 | Sold out | 75,557 | $12Kbefore exit |
| DTSQR DT Cloud Star Acquisition Co. | RIGHT 07/09/2029 | New | 99,000 | $12K |
| ENVESTNET INC (ENV 0.75 08/15/25) | 0.75 8/15/2025 · principal | Add +20.0% | 12,000 | $12K |
| MARA HOLDINGS INC (MARA 1 12/01/26) | NOTE 1.000%12/0 · principal | Reduce -27.4% | 13,250 | $12K |
| AIR CANADA | 4.00 7/1/2025 · principal | New | 11,303 | $12K |
| VERMILION ENERGY TRUST | 5.625 15/03/2025 144A · principal | New | 11,559 | $12K |
| KVAWF Keen Vision Acquisition C-28 | *W EXP 03/15/202 | Reduce -8.9% | 224,607 | $11K |
| EVCOW Everest Consolidator Acquisi | *W EXP 99/99/999 | Reduce -40.7% | 359,510 | $11K |
| VIRGIN GALATIC HOLDINGS | 2.500 02/01/27 CVT · principal | Add +21.3% | 28,500 | $9K |
| BSLKW Golden Arrow Merger A -CW26 | *W EXP 08/13/202 | New | 300,000 | $9K |
Showing the first 50 of 87.
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 |