K2 Principal Fund, L.P. 13F annual report

K2 Principal Fund, L.P. is an investment fund managing more than $173 billion ran by Todd Sikorski. There are currently 142 companies in Mr. Sikorski’s portfolio. The largest investments include Ars Pharmaceuticals Inc and Ishares Gold Tr, together worth $31.9 billion.

Limited to 30 biggest holdings

$173 billion Assets Under Management (AUM)

As of 7th August 2024, K2 Principal Fund, L.P.’s top holding is 2,461,672 shares of Ars Pharmaceuticals Inc currently worth over $20.9 billion and making up 12.1% of the portfolio value. In addition, the fund holds 250,000 shares of Ishares Gold Tr worth $11 billion. The third-largest holding is Ishares Bitcoin Tr worth $6.83 billion and the next is Par Technology worth $4.75 billion, with 100,940 shares owned.

Currently, K2 Principal Fund, L.P.'s portfolio is worth at least $173 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at K2 Principal Fund, L.P.

The K2 Principal Fund, L.P. office and employees reside in Toronto, Ontario, Canada. According to the last 13-F report filed with the SEC, Todd Sikorski serves as the President at K2 Principal Fund, L.P..

Recent trades

In the most recent 13F filing, K2 Principal Fund, L.P. revealed that it had opened a new position in Ishares Gold Tr and bought 250,000 shares worth $11 billion.

The investment fund also strengthened its position in Seritage Growth Pptys by buying 173,949 additional shares. This makes their stake in Seritage Growth Pptys total 984,511 shares worth $4.6 billion.

On the other hand, there are companies that K2 Principal Fund, L.P. is getting rid of from its portfolio. K2 Principal Fund, L.P. closed its position in Pennymac Mtg Invt Tr on 14th August 2024. It sold the previously owned 839,533 shares for $10.4 billion. Todd Sikorski also disclosed a decreased stake in Ars Pharmaceuticals Inc by approximately 0.1%. This leaves the value of the investment at $20.9 billion and 2,461,672 shares.

One of the smallest hedge funds

The two most similar investment funds to K2 Principal Fund, L.P. are Independent Family Office and Interactive Financial Advisors, Inc. They manage $173 billion and $173 billion respectively.


Todd Sikorski investment strategy

K2 Principal Fund, L.P.’s portfolio is diversified across 10 sectors. Currently, their heaviest sector is Technology — making up 10.4% of the total portfolio value. The fund focuses on investments in the United States as 21.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 8% of the total holdings value. On the other hand, small-cap stocks make up only 2.8% of the portfolio. The average market cap of the portfolio companies is close to $51.3 billion.

The complete list of K2 Principal Fund, L.P. trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Ars Pharmaceuticals Inc
8.37%
2,461,672
$20,948,829,000 12.12%
Ishares Gold Tr
Opened
250,000
$10,982,500,000 6.35%
Pennymac Mtg Invt Tr
Closed
839,533
$10,351,442,000
Yamana Gold Inc.
Closed
1,212,401
$7,092,546,000
Ishares Bitcoin Tr
Opened
200,000
$6,828,000,000 3.95%
First Horizon Corporation
Closed
332,798
$5,917,149,000
AcuityAds Holdings Inc
Closed
2,764,184
$5,915,354,000
Two Hbrs Invt Corp
Closed
339,759
$4,997,855,000
Par Technology Corp.
Opened
100,940
$4,753,265,000 2.75%
TFI International Inc
Opened
32,687
$4,744,845,000 2.74%
Hess Corporation
Opened
32,149
$4,742,621,000 2.74%
Seritage Growth Pptys
21.46%
984,511
$4,597,666,000 2.66%
Core Scientific Inc New
Opened
782,522
$7,091,714,000 4.10%
Intel Corp.
Opened
135,000
$4,180,950,000 2.42%
Redwood Trust Inc.
Closed
582,301
$3,924,709,000
Life Storage Inc
Closed
29,782
$3,904,122,000
Shaw Communications Inc.
Closed
127,700
$3,819,507,000
iTeos Therapeutics, Inc.
Opened
257,080
$3,815,067,000 2.21%
Vmware Inc.
Closed
30,147
$3,763,853,000
National Instrs Corp
Closed
70,461
$3,692,861,000
INDUS Realty Trust, Inc.
Closed
53,985
$3,578,666,000
ModivCare Inc.
Opened
127,486
$3,345,233,000 1.93%
Activision Blizzard Inc
Closed
38,152
$3,265,430,000
Net Lease Office Properties
Opened
130,336
$3,208,872,000 1.86%
Albertsons Cos Inc
42.79%
160,600
$3,171,850,000 1.83%
Hashicorp Inc
Opened
88,050
$2,966,404,000 1.72%
Amazon.com Inc.
Opened
14,642
$2,829,566,000 1.64%
Alset Capital Acquisition Co
Closed
264,831
$2,711,869,000
V F Corp
Opened
190,620
$2,573,370,000 1.49%
Embrace Change Acquisitn Cor
Opened
226,953
$2,553,221,000 1.48%
Spirit Airls Inc
Closed
140,727
$2,416,283,000
Graphite Bio Inc
Closed
969,620
$2,375,569,000
Tortoiseecofin Acquisition C
Opened
208,211
$2,273,664,000 1.32%
Monterey Cap Acquisition Cor
Opened
200,199
$2,262,249,000 1.31%
Broadcom Inc
Opened
1,400
$2,247,742,000 1.30%
Everest Consolidator Acq Cor
Opened
806,088
$2,367,020,000 1.37%
Aerojet Rocketdyne Holdings Inc
Closed
39,939
$2,243,374,000
Horizon Therapeutics Pub L
Closed
20,300
$2,215,542,000
Battery Future Acquisition C
Opened
670,341
$2,211,633,000 1.28%
Avalon Acquisition Inc
Closed
387,233
$2,205,390,000
Signal Hill Acquisition Corp
Closed
209,969
$2,179,478,000
Redwoods Acquisition Corp
Closed
245,121
$2,168,856,000
Hub Cyber Security Ltd
Closed
2,069,561
$2,215,093,000
Churchill Capital Corp V
Closed
200,000
$2,016,000,000
Triple Flag Precious Metal
Closed
99,737
$2,007,706,000
Haynes International Inc.
Opened
33,884
$1,988,991,000 1.15%
Mr. Cooper Group Inc
90.99%
23,172
$1,882,262,000 1.09%
Catalent Inc.
Opened
33,048
$1,858,289,000 1.07%
Investcorp Europe Acquisitio
155.02%
163,006
$1,850,118,000 1.07%
Hertz Global Holdings Inc.
Closed
113,535
$1,849,485,000
Mks Instrs Inc
Opened
13,840
$1,807,227,000 1.05%
Ef Hutton Acquisition Corp I
Closed
174,908
$1,796,305,000
Fortune Rise Acquisition Cor
Opened
154,990
$1,743,638,000 1.01%
Lamf Global Ventures Corp I
Closed
166,027
$1,734,982,000
Liberty Res Acquisition Corp
Closed
162,339
$1,704,560,000
Globus Med Inc
Closed
29,647
$1,679,206,000
Evergreen Corporation
Opened
145,879
$1,674,691,000 0.97%
Goldenstone Acquisition Ltd
Closed
160,430
$1,664,461,000
Hawks Acquisition Corp
Closed
161,161
$1,639,007,000
Nxp Semiconductors N V
Opened
5,962
$1,604,315,000 0.93%
Bukit Jalil Gbl Acquisition
Opened
150,000
$1,603,500,000 0.93%
Anzu Special Acquisitin Corp
Closed
158,930
$1,597,247,000
Four Leaf Acquisition Corp
Opened
333,823
$1,594,283,000 0.92%
Steel Dynamics Inc.
303.33%
12,100
$1,566,950,000 0.91%
Pros Holdings Inc
Opened
52,518
$1,504,641,000 0.87%
Ib Acquisition Corp
Opened
150,000
$1,495,500,000 0.86%
Nuvasive Inc
Closed
35,770
$1,477,659,000
Apollo Strategic Grwt Cptl I
Closed
143,027
$1,466,027,000
Zalatoris Acquisition Corp
Opened
132,725
$1,459,975,000 0.84%
Marvell Technology Inc
Opened
20,555
$1,436,795,000 0.83%
Colombier Acquisition Corp I
Opened
136,518
$1,403,405,000 0.81%
Industrial Tech Acqstns Ii I
Closed
132,737
$1,379,137,000
Patria Latin Amrcn Opprnty A
Opened
120,100
$1,373,944,000 0.79%
Maxar Technologies Inc
Closed
25,274
$1,290,490,000
Alphavest Acquisition Corp
Closed
124,265
$1,281,172,000
Israel Acquisitions Corp
Closed
251,798
$1,293,193,000
Alphabet Inc
Opened
6,756
$1,239,186,000 0.72%
Churchill Capital Corp VII
Opened
406,460
$1,332,329,000 0.77%
Distoken Acquisition Corp
Opened
114,139
$1,226,994,000 0.71%
Trump Media Technology Gro
Opened
202,200
$1,205,112,000 0.70%
Cslm Acquisition Corp
Opened
104,281
$1,172,118,000 0.68%
Quetta Acquisition Corp
Opened
111,530
$1,154,336,000 0.67%
Golden Star Acquisition Corp
Opened
106,740
$1,150,657,000 0.67%
Tlgy Acquisition Corporation
Opened
460,955
$1,167,670,000 0.68%
Ambev Sa
Closed
402,639
$1,135,442,000
World Accep Corporation
Closed
13,233
$1,102,177,000
Ares Acquisition Corp Ii
Opened
645,666
$1,153,683,000 0.67%
Gold Royalty Corp
Opened
1,749,384
$1,260,783,000 0.73%
Newmont Corp
Opened
25,000
$1,046,750,000 0.61%
Crescera Cap Acquisition Cor
Closed
100,000
$1,046,000,000
Zeo Energy Corp
Opened
1,149,433
$1,061,832,000 0.61%
Kratos Defense Sec Solutio
Opened
49,958
$999,660,000 0.58%
Vistra Corp
Opened
11,454
$984,815,000 0.57%
CIENA Corp.
Opened
19,325
$931,079,000 0.54%
Excelfin Acquisition Corp
Opened
83,988
$925,548,000 0.54%
Columbus Mckinnon Corp N Y
Opened
25,651
$885,986,000 0.51%
Hibbett Inc
Opened
9,960
$868,612,000 0.50%
Mobiv Acquisition Corp
Closed
81,082
$842,442,000
Beard Energy Transition Acq
Closed
79,484
$823,852,000
Bitfarms Ltd
Opened
317,325
$815,525,000 0.47%
Williams Rowland Acquisition Corp.
Closed
76,107
$780,097,000
Prime No Acquisition I Corp
Closed
188,529
$782,658,000
Kinross Gold Corp.
Opened
91,900
$764,608,000 0.44%
Atlantica Sustainable Infr P
Opened
34,494
$757,143,000 0.44%
Centerra Gold Inc
Closed
115,200
$745,344,000
Shopify Inc
Opened
11,000
$726,550,000 0.42%
Micron Technology Inc.
Opened
5,500
$723,415,000 0.42%
Arisz Acquisition Corp
Closed
70,204
$723,101,000
Sable Offshore Corp
Opened
166,108
$709,281,000 0.41%
Climaterock
68.88%
61,100
$698,984,000 0.40%
Royal Gold, Inc.
Opened
5,450
$682,122,000 0.39%
Bynordic Acquisition Corp
Opened
57,237
$646,206,000 0.37%
Pharmacyte Biotech Inc
54.72%
327,503
$641,906,000 0.37%
Westrock Coffee Co
Closed
93,750
$573,750,000
Tkb Critical Technologies 1
Closed
55,068
$572,707,000
Compass Digital Acquisitn Co
Opened
52,567
$571,929,000 0.33%
Futuretech Ii Acquisition Co
16.67%
50,000
$551,000,000 0.32%
Cadence Design System Inc
Opened
1,790
$550,872,000 0.32%
SDCL EDGE Acquisition Corp
Opened
50,000
$550,500,000 0.32%
Fortuna Mng Corp
Opened
112,476
$550,008,000 0.32%
Integral Acquisition Corp 1
Opened
401,311
$584,131,000 0.34%
Enphys Acquisition Corp.
Opened
49,651
$545,168,000 0.32%
Dmy Squared Technology Group
Opened
50,000
$536,000,000 0.31%
Ferroglobe Plc
Opened
100,000
$536,000,000 0.31%
Taiwan Semiconductor Mfg Ltd
Opened
3,044
$529,078,000 0.31%
Royal Caribbean Group
Opened
3,300
$526,119,000 0.30%
Johnson Johnson
Closed
3,389
$525,295,000
Duet Acquisition Corp
Closed
50,500
$522,670,000
Juniper II Corp.
Closed
50,250
$521,092,000
Dmy Technology Group Inc Vi
Closed
50,490
$516,013,000
Apartment Invt Mgmt Co
62.43%
61,314
$508,293,000 0.29%
Carnival Corp.
Closed
50,000
$507,500,000
Semtech Corp.
Closed
21,000
$506,940,000
Yotta Acquisition Corporatio
Closed
48,666
$500,773,000
Solitario Resources Corp
37.97%
550,000
$484,000,000 0.28%
Berenson Acquisition Corp. I
Closed
44,787
$455,708,000
Arogo Capital Acquisition Co
81.81%
41,362
$454,155,000 0.26%
Tg Venture Acquisition Corp
Closed
42,400
$438,840,000
PlayAGS Inc
Opened
38,117
$438,346,000 0.25%
Gamestop Corp New
Closed
17,712
$407,730,000
Nuvei Corporation
Opened
11,159
$361,328,000 0.21%
Cetus Cap Acquisition Corp
Opened
33,445
$356,189,000 0.21%
Canna Global Acquisition Cor
Opened
32,800
$341,120,000 0.20%
Greenfire Res Ltd New
Opened
50,003
$337,520,000 0.20%
Pearl Holdings Acquisitn Cor
Opened
30,211
$332,925,000 0.19%
Net Power Inc
Opened
33,037
$324,754,000 0.19%
Equinox Gold Corp
Opened
60,000
$313,800,000 0.18%
Horizon Acquisition Corporat
Closed
667,423
$313,689,000
Lucy Scientific Discovery In
Closed
296,709
$293,742,000
X4 Pharmaceuticals, Inc.
Opened
489,158
$283,712,000 0.16%
Symbotic Inc
Opened
8,000
$281,280,000 0.16%
Squarespace, Inc.
Opened
5,800
$253,054,000 0.15%
Plum Acquisition Corp I
Closed
24,474
$252,082,000
Hanesbrands Inc
Opened
50,000
$246,500,000 0.14%
Star Hldgs
Closed
14,039
$244,138,000
Cleveland-Cliffs Inc
Opened
15,700
$241,623,000 0.14%
Colombier Acquisition Corp
Closed
21,950
$222,354,000
Oak Woods Acquisition Corp
Opened
521,286
$228,668,000 0.13%
Southwestern Energy Company
Opened
31,076
$209,141,000 0.12%
Marathon Pete Corp
94.55%
1,200
$208,176,000 0.12%
Assertio Holdings, Inc.
Closed
28,229
$179,819,000
Roth Ch Acquisition Iv Co
Closed
613,688
$172,999,000
Vizsla Silver Corp
Opened
89,200
$159,668,000 0.09%
Flame Acquisition Corp
Closed
274,512
$156,472,000
Americas Gold And Silver Cor
Closed
324,000
$155,520,000
C5 Acquisition Corporation
Closed
13,750
$143,550,000
Verde Clean Fuels Inc
Closed
75,000
$127,688,000
Gsr Ii Meteora Acquisitn Cor
Closed
12,321
$127,522,000
Tortoiseecofin Acquisition C
5,184.14%
984,489
$118,139,000 0.07%
Hhg Capital Corporation
Opened
10,000
$116,000,000 0.07%
Altitude Acquisition Corp
Closed
44,243
$103,553,000
M3-Brigade Acquisition III Corp.
Closed
237,763
$87,972,000
Lifezone Metals Limited
Opened
194,574
$87,558,000 0.05%
Macrogenics Inc
Opened
14,800
$62,900,000 0.04%
Kernel Group Holdings Inc
Opened
370,000
$48,100,000 0.03%
Golden Arrow Merger Corp
Opened
300,000
$45,000,000 0.03%
Sk Growth Opportunities Corp
Opened
184,157
$44,198,000 0.03%
Hub Cyber Security Ltd
1.14%
2,129,358
$42,587,000 0.02%
Energem Corp
Closed
527,749
$40,901,000
Prosomnus Inc
Closed
253,794
$40,099,000
Murano Global Invts Plc
Opened
247,312
$39,570,000 0.02%
Akerna Corp.
Closed
48,877
$39,102,000
Global Systems Dynamics Inc
Closed
596,678
$36,755,000
Focus Impact Bh3 Acquisition
Opened
408,359
$32,669,000 0.02%
Maxeon Solar Technologies Lt
Opened
37,440
$31,824,000 0.02%
Nabors Energy Transition Cor
Opened
295,146
$29,515,000 0.02%
Spring Valley Acquistn Corp
Opened
360,841
$28,867,000 0.02%
Gct Semiconductor Hldg Inc
Opened
183,091
$27,464,000 0.02%
Cf Acquisition Corp Viii
Closed
246,196
$25,826,000
Armada Acquisition Corp I
Opened
207,659
$24,919,000 0.01%
Investcorp Europe Acquisitio
Opened
344,748
$24,132,000 0.01%
Inflection Pt Acquisitn Crp
Opened
258,135
$23,232,000 0.01%
Gardiner Healthcare Acqts Co
Closed
232,100
$22,212,000
Black Diamond Therapeutics I
Closed
11,316
$21,387,000
Plum Acquisition Corp I
566.81%
235,190
$18,815,000 0.01%
Tristar Acquisition I Corp.
Closed
184,138
$18,230,000
Keen Vision Acquisition Corp
Opened
246,657
$17,266,000 0.01%
10x Cap Venture Acqstn Corp
Closed
134,569
$17,077,000
Pagaya Technologies Ltd
Opened
154,481
$16,993,000 0.01%
Abri Spac I Inc
Closed
327,492
$16,735,000
Verde Clean Fuels Inc
486.38%
91,475
$16,466,000 0.01%
Black Mountain Acq Corp
Closed
227,900
$15,338,000
Ciig Capital Partners Ii Inc
Closed
118,340
$14,792,000
The Growth For Good Acqu Cor
Closed
147,342
$13,261,000
Blockchain Moon Acquisitn Co
Closed
686,506
$12,906,000
Project Energy Reimagined Ac
1,391.93%
206,110
$12,367,000 0.01%
Agriculture Nat Sol Acq Co
Opened
75,557
$12,089,000 0.01%
Gigcapital 5 Inc
Closed
481,095
$12,075,000
Accretion Acquisition Corp
Closed
330,839
$11,579,000
Northview Acquisition Corp
Closed
144,066
$11,525,000
Plum Acquisition Corp Iii
Opened
160,480
$11,234,000 0.01%
Pyrophyte Acquisition Corp.
Closed
120,950
$10,886,000
Monterey Bio Acquisition Cor
Closed
400,000
$10,800,000
Perception Capital Corp Iii
Opened
350,000
$10,500,000 0.01%
Jupiter Acquisition Corp
Closed
113,274
$10,149,000
Spark I Acquisition Corp
Opened
58,930
$10,018,000 0.01%
Selina Hospitality Plc
38.24%
132,841
$9,299,000 0.01%
Chavant Capital Acquisitn Co
Closed
360,426
$9,011,000
Roth Ch Acquisition V Co
Closed
198,014
$8,930,000
Data Knights Acquisition Cor
Closed
335,408
$8,754,000
Mountain Co I Acquisitn Co
Opened
108,900
$8,712,000 0.01%
Viveon Health Acquisition Co
Closed
576,980
$8,655,000
Tradeup Acquisition Corp
Closed
118,936
$8,599,000
Arrowroot Acquisition Corp
Closed
69,000
$8,287,000
Sportsmap Tech Acquisitin Co
Closed
271,100
$8,269,000
Cslm Acquisition Corp
86.45%
57,800
$8,092,000 0.00%
Stratim Cloud Acquisition Co
Closed
38,090
$7,614,000
Cf Acquisition Corp Iv
Closed
74,311
$7,134,000
Green Visor Fin Tec Acq Corp
Closed
98,796
$6,916,000
American Acquisition Oppt In
Closed
222,660
$6,680,000
Heartland Media Acquisition
Closed
77,398
$6,579,000
Legato Merger Corp Iii
Opened
50,000
$6,500,000 0.00%
Rose Hill Acquisition Corp
Closed
100,000
$6,380,000
Digiasia Corp
Opened
100,000
$6,000,000 0.00%
Blue Ocean Acquisition Corp
Opened
281,000
$5,620,000 0.00%
Kimbell Tiger Acquisition Corporation
Closed
50,000
$5,000,000
Smx Sec Matters Plc
Closed
92,801
$4,640,000
Oxus Acquisition Corp
Closed
100,000
$4,400,000
Globalink Invt Inc
Closed
400,000
$4,160,000
Fintech Ecosystem Deve
Opened
195,666
$3,913,000 0.00%
Blue World Acquisition Corp
Closed
178,087
$3,704,000
Maquia Capital Acquisition C
Opened
358,307
$3,583,000 0.00%
Arogo Capital Acquisition Co
Closed
50,000
$3,000,000
Monterey Cap Acquisition Cor
7.96%
149,396
$2,988,000 0.00%
Bannix Acquisition Corp
50.53%
148,397
$2,968,000 0.00%
International Media Acquisit
Closed
98,456
$2,954,000
Alphatime Acquisition Corp
Opened
141,606
$2,832,000 0.00%
Winvest Acquisition Corp
55.98%
257,731
$2,577,000 0.00%
Apollomics Inc
Closed
21,710
$2,293,000
Haymaker Acquisition Corp Iv
Opened
12,500
$2,250,000 0.00%
Borealis Foods Inc
Opened
30,364
$2,125,000 0.00%
Enphys Acquisition Corp.
2.29%
52,372
$2,095,000 0.00%
Xbp Europe Holdings Inc
Opened
52,087
$2,083,000 0.00%
Goal Acquisitions Corp
Closed
60,855
$1,826,000
Vision Sensing Acquisition C
Closed
33,875
$1,694,000
Nova Vision Acquisition Corp
24.75%
152,000
$1,520,000 0.00%
Altenergy Acquisition Corp
Closed
16,521
$1,323,000
Ftac Emerald Acquisition Cor
Closed
10,886
$1,145,000
Eucrates Biomedical Acqu Cor
Closed
34,509
$1,139,000
Bellevue Life Scncs Aqstn Co
Opened
12,317
$246,000 0.00%
No transactions found
Showing first 500 out of 260 holdings