KPF

K2 Principal Fund Portfolio holdings

AUM $656M

AUM

$656M

AUM Growth

-$25.3M (-4%)

Cap. Flow

+$60.9M

Cap. Flow % of AUM

9.29%

Top 10 Holdings %Top 10 Hldgs %

21.09%

Holding

395

New

Increased

Reduced

Closed

Top Buys

1	SPDR Gold Trust GLD	$15.6M
2	HVII Hennessy Capital Investment Corp. VII Ordinary Shares HVII	$10.4M
3	ARS Pharmaceuticals SPRY	$6.11M
4	First Solar FSLR	$4.31M
5	CEPO Cantor Equity Partners I, Inc. Class A Ordinary Shares CEPO	$3.7M

Top Sells

1	DYNX Dynamix Corporation Class A Ordinary Shares DYNX	$8.25M
2	WLAC Willow Lane Acquisition Corp. Class A Ordinary Shares WLAC	$5.27M
3	PAR Technology PAR	$3.61M
4	CCIR Cohen Circle Acquisition Corp. I Class A Ordinary Shares CCIR	$2.57M
5	iShares Bitcoin Trust IBIT	$2.11M

Sector Composition

1	Financials	7.76%
2	Energy	2.67%
3	Technology	2.57%
4	Real Estate	1.38%
5	Healthcare	1.21%

#	Name	Market Value	Portfolio Weight	Shares or Principal	Shares Change %	Capital Flow
226	226 Vanguard S&P 500 ETF VOO $672B	$0	0%	0	–	–
227	227 Valkyrie Bitcoin Miners ETF WGMI $183M	$0	0%	0	–	–
228	228 Wolfspeed WOLF $210M	$0	0%	0	–	–
229	229 Weyerhaeuser WY $19.4B	$0	0%	0	–	–
230	230 US Steel X $12.2B	$0	0%	0	–	–
231	231 SPDR S&P Biotech ETF XBI $4.9B	$0	0%	0	–	–
232	232 The Communication Services Select Sector SPDR Fund XLC $22.3B	$0	0%	0	–	–
233	233 Utilities Select Sector SPDR Fund XLU $18.7B	$0	0%	0	–	–
234	234 Xometry XMTR $1.79B	$0	0%	0	–	–
235	235 Reddit RDDT $21.4B	$0	0%	0	–	–
236	236 Trump Media & Technology Group DJT $5.52B	$0	0%	0	–	–
237	RZLV 237 Rezolve AI PLC Ordinary Shares RZLV $521M	$0	0%	0 -131,250	Closed	–
238	BSII 238 DELISTED Black Spade Acquisition II Co Class A Ordinary Share BSII	$0	0%	0 -116,892	Closed	–
239	NOEMU 239 CO2 Energy Transition Corp. Unit NOEMU $74.1M	$0	0%	0 -190,000	Closed	–
240	BACQ 240 Bleichroeder Acquisition Corp. I Class A Ordinary Shares BACQ $349M	$0	0%	0 -76,717	Closed	–
241	JACS.U 241 Jackson Acquisition Company II Units, each consisting of one Class A ordinary share and one right to acquire one-tenth (1/10) of one Class A ordinary share JACS.U $251M	$0	0%	0 -136,000	Closed	–
242	DRDBU 242 Roman DBDR Acquisition Corp. II Unit DRDBU $213M	$0	0%	0 -407,190	Closed	–
243	MLACU 243 Mountain Lake Acquisition Corp. Units MLACU	$0	0%	0 -748,957	Closed	–
244	TDACU 244 Translational Development Acquisition Corp. Units TDACU $179M	$0	0%	0 -674,997	Closed	–
245	SGI 245 Somnigroup International Inc. SGI $13.5B	$0	0%	0	–	–
246	PITA 246 DELISTED Heramba Electric plc Ordinary Shares PITA	$0	0%	0 -63,631	Closed	–
247	WINVW 247 DELISTED WinVest Acquisition Corp. Warrant WINVW	$0	0%	0 -257,731	Closed	–
248	PLAO 248 DELISTED Patria Latin American Opportunity Acquisition Corp. Class A Ordinary Shares PLAO	$0	0%	0 -86,862	Closed	–
249	BNIXW 249 DELISTED Bannix Acquisition Corp. Warrant BNIXW	$0	0%	0 -148,397	Closed	–
250	AZPN 250 DELISTED Aspen Technology Inc AZPN	$0	0%	0 -1,000	Closed	–