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
51	PKST 51 Peakstone Realty Trust PKST $474M	$851K	0.11%	67,509 +28,700	+74%	+$362K
52	CEP 52 Cantor Equity Partners, Inc. Class A Ordinary Shares CEP $481M	$843K	0.11%	78,449	New	+$843K
53	53 Tecnoglass TGLS $4.01B	$815K	0.1%	11,394 -6,644	-37%	-$475K
54	CCIX 54 Churchill Capital Corp IX Ordinary Shares CCIX $389M	$789K	0.1%	73,100	–	–
55	55 Ciena CIEN $11.9B	$786K	0.1%	13,013 -8,209	-39%	-$496K
56	56 PAR Technology PAR $2.65B	$776K	0.1%	12,648 -58,793	-82%	-$3.61M
57	NNAVW 57 NextNav Inc. Warrant NNAVW	$761K	0.1%	172,890 +77,990	+82%	+$343K
58	58 Xponential Fitness XPOF $334M	$750K	0.1%	90,000	New	+$750K
59	59 Broadcom AVGO $1.19T	$682K	0.09%	4,072 -1,228	-23%	-$206K
60	60 NVIDIA NVDA $3.48T	$650K	0.08%	6,000	New	+$650K
61	61 Greenfire Resources GFR $306M	$602K	0.08%	102,600	New	+$602K
62	62 Rambus RMBS $6.57B	$597K	0.08%	11,520	New	+$597K
63	63 National Health Investors NHI $3.32B	$591K	0.07%	8,000	New	+$591K
64	64 Certara CERT $1.94B	$584K	0.07%	58,951	New	+$584K
65	NBIS 65 Nebius Group N.V. Class A Ordinary Shares NBIS $12.1B	$550K	0.07%	26,065 -3,935	-13%	-$83.1K
66	ALDF 66 Aldel Financial II Inc. Class A Ordinary Shares ALDF $314M	$498K	0.06%	49,297	–	–
67	67 CEVA Inc CEVA $494M	$485K	0.06%	18,952	New	+$485K
68	68 IonQ, Inc. Redeemable warrants, each whole warrant exercisable for one share of Common Stock, each at an exercise price of $11.50 per share IONQ.WS $7.03B	$477K	0.06%	42,943 -36,495	-46%	-$405K
69	VBNK 69 VersaBank VBNK $352M	$435K	0.06%	41,982 +21,336	+103%	+$221K
70	70 Kinross Gold KGC $18.7B	$416K	0.05%	33,000	New	+$416K
71	DYNX 71 Dynamix Corporation Class A Ordinary Shares DYNX $224M	$408K	0.05%	40,992 -828,920	-95%	-$8.25M
72	72 Algoma Steel Group Warrant ASTLW $56.3M	$380K	0.05%	690,879 -1,700	-0.3%	-$935
73	SKGRW 73 DELISTED SK Growth Opportunities Corporation Warrant SKGRW	$351K	0.04%	539,612 -29,753	-5%	-$19.3K
74	74 BlackRock Health Sciences Trust II BMEZ $1.5B	$310K	0.04%	20,830 +4,559	+28%	+$67.9K
75	FACTU 75 FACT II Acquisition Corp. Unit FACTU	$301K	0.04%	30,000	–	–