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
101	DMA 101 Destra Multi-Alternative Fund DMA $78.4M	$167K	0.02%	19,702 +5,372	+37%	+$45.6K
102	CLBR.WS 102 Colombier Acquisition Corp. II Warrants, each whole warrant exercisable for one Class A Ordinary Share at an exercise price of $11.50 per share CLBR.WS	$159K	0.02%	199,060 +57,451	+41%	+$46K
103	103 Rigetti Computing RGTI $3.66B	$158K	0.02%	20,000	New	+$158K
104	104 Nabors Energy Transition Corp. II Warrant NETDW	$151K	0.02%	377,383 +82,437	+28%	+$33K
105	LEGT 105 Legato Merger Corp III LEGT $274M	$145K	0.02%	13,798	New	+$145K
106	106 GCM Grosvenor Inc. Warrant GCMGW $50.2M	$142K	0.02%	81,780	New	+$142K
107	WLACW 107 Willow Lane Acquisition Corp. Warrants WLACW	$132K	0.02%	572,194 +27,200	+5%	+$6.26K
108	TEAF 108 Ecofin Sustainable & Social Impact Term Fund TEAF $158M	$126K	0.02%	11,119	New	+$126K
109	109 Core Scientific, Inc. Tranche 1 Warrants CORZW $1.95B	$120K	0.02%	39,668 -375,827	-90%	-$1.14M
110	BEAGR 110 Bold Eagle Acquisition Corp. Right BEAGR	$120K	0.02%	521,356 -5,677	-1%	-$1.31K
111	111 NET Power NPWR $203M	$113K	0.01%	43,125 +7,088	+20%	+$18.6K
112	PCF 112 High Income Securities Fund PCF $118M	$111K	0.01%	16,717	New	+$111K
113	DYNXW 113 Dynamix Corporation Warrant DYNXW	$108K	0.01%	372,500 -102,500	-22%	-$29.7K
114	114 Iron Horse Acquisitions Corp. Right IROHR	$105K	0.01%	350,354	New	+$105K
115	115 Blade Air Mobility, Inc. Warrants BLDEW $18.9M	$105K	0.01%	477,069 +113,792	+31%	+$25K
116	BACQR 116 Bleichroeder Acquisition Corp. I Right BACQR	$98.2K	0.01%	490,776 -508,124	-51%	-$102K
117	ALDFW 117 Aldel Financial II Inc. Warrants ALDFW	$89.6K	0.01%	298,680 -1,320	-0.4%	-$396
118	USARW 118 USA Rare Earth, Inc. Warrant USARW $239M	$87.2K	0.01%	130,125 -242,404	-65%	-$162K
119	HPAI 119 Helport AI Limited Ordinary Shares HPAI $186M	$85.7K	0.01%	29,152	–	–
120	LPBBW 120 Launch Two Acquisition Corp. Warrant LPBBW	$80.2K	0.01%	381,754 -45,204	-11%	-$9.49K
121	ZEOWW 121 Zeo Energy Corporation Warrants ZEOWW $310K	$76.7K	0.01%	1,277,536 -18,062	-1%	-$1.08K
122	122 Ares Acquisition Corp II Redeemable Warrants AACT.WS	$75.1K	0.01%	258,953 -314,562	-55%	-$91.2K
123	MACIW 123 Melar Acquisition Corp. I Warrant MACIW	$74.1K	0.01%	529,029 +74,878	+16%	+$10.5K
124	LEGT.WS 124 Legato Merger Corp. III Redeemable Warrants, each whole warrant exercisable for one ordinary share at an exercise price of $11.50 per share LEGT.WS	$73.6K	0.01%	367,983 +111,671	+44%	+$22.3K
125	LPAAW 125 Launch One Acquisition Corp. Warrant LPAAW	$65.8K	0.01%	438,716 -81,100	-16%	-$12.2K