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
76	76 Adams Diversified Equity Fund ADX $2.42B	$301K	0.04%	15,826 +348	+2%	+$6.61K
77	FLDDW 77 Fold Holdings, Inc. Warrant FLDDW	$289K	0.04%	390,183	New	+$289K
78	78 BlackRock Enhanced Equity Dividend Trust BDJ $1.52B	$284K	0.04%	32,984 +5,000	+18%	+$43K
79	79 Wayfair W $5.68B	$283K	0.04%	8,832	New	+$283K
80	80 Joby Aviation, Inc. Redeemable Warrants, each whole warrant exercisable for one share of Common Stock at an exercise price of $11.50 JOBY.WS	$279K	0.04%	227,177 +70,956	+45%	+$87.3K
81	ASGI 81 abrdn Global Infrastructure Income Fund ASGI $575M	$276K	0.04%	15,000 +5,000	+50%	+$92K
82	82 Royce Value Trust RVT $1.75B	$272K	0.03%	19,108 +385	+2%	+$5.48K
83	HONDW 83 HCM II Acquisition Corp. Warrant HONDW	$264K	0.03%	382,768 -1,876	-0.5%	-$1.29K
84	84 Gold Royalty Corp. Warrants, each exercisable for one common share at an exercise price of $2.25 per share GROY.WS $63.1M	$247K	0.03%	988,295 -105	-0%	-$26
85	CCIRW 85 Cohen Circle Acquisition Corp. I Warrant CCIRW	$244K	0.03%	135,397 -62,212	-31%	-$112K
86	86 Cohen & Steers Tax-Advantaged Preferred Securities & Income Fund PTA $1.08B	$233K	0.03%	11,967	New	+$233K
87	87 Sky Harbour Group Corporation Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share SKYH.WS $52.2M	$231K	0.03%	75,018	New	+$231K
88	88 dMY Squared DMYY $55.8M	$223K	0.03%	20,000 -30,000	-60%	-$335K
89	BTX 89 BlackRock Technology and Private Equity Term Trust BTX $1.51B	$219K	0.03%	35,000	New	+$219K
90	HVIIR 90 Hennessy Capital Investment Corp. VII Rights HVIIR	$217K	0.03%	1,086,568	New	+$217K
91	ECF 91 Ellsworth Growth & Income Fund ECF $136M	$216K	0.03%	23,785 +8,592	+57%	+$78K
92	92 BlackRock Enhanced Captial and Income Fund CII $859M	$209K	0.03%	11,336 -3,693	-25%	-$68.2K
93	93 Ares Acquisition Corp II AACT $711M	$209K	0.03%	18,722 -31,278	-63%	-$349K
94	SABA 94 Saba Capital Income & Opportunities Fund II SABA $244M	$200K	0.03%	23,000	–	–
95	EQV.WS 95 EQV Ventures Acquisition Redeemable warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50 per share EQV.WS	$191K	0.02%	530,857 -11,800	-2%	-$4.25K
96	MBAVW 96 M3-Brigade Acquisition V Corp. Warrant MBAVW	$183K	0.02%	629,642 -200,600	-24%	-$58.2K
97	97 D-Wave Quantum QBTS $5.13B	$182K	0.02%	24,000	New	+$182K
98	SPE 98 Special Opportunities Fund SPE $161M	$178K	0.02%	11,878 +1,878	+19%	+$28.2K
99	99 iTeos Therapeutics ITOS $390M	$174K	0.02%	29,178	New	+$174K
100	100 Solitario Resources XPL $55.6M	$171K	0.02%	284,791 -64,109	-18%	-$38.5K