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
126	MLACR 126 Mountain Lake Acquisition Corp. Right MLACR	$58.7K	0.01%	366,749	New	+$58.7K
127	NTWOW 127 Newbury Street II Acquisition Corp Warrant NTWOW	$58.6K	0.01%	266,570	–	–
128	BSIIW 128 DELISTED Black Spade Acquisition II Co Warrant BSIIW	$57.7K	0.01%	262,382	–	–
129	CHARR 129 Charlton Aria Acquisition Corporation Rights CHARR	$54K	0.01%	300,000	–	–
130	SIMAW 130 SIM Acquisition Corp. I Warrant SIMAW	$52.9K	0.01%	406,721	–	–
131	FACTW 131 FACT II Acquisition Corp. Warrant FACTW	$49.8K	0.01%	276,675 -100,000	-27%	-$18K
132	CUBWW 132 Lionheart Holdings Warrant CUBWW	$49.6K	0.01%	413,314	–	–
133	133 Spring Valley Acquisition Corp. II Warrant SVIIW	$48.7K	0.01%	348,041	–	–
134	OXLC 134 Oxford Lane Capital OXLC $2.04B	$47.2K	0.01%	10,000	New	+$47.2K
135	ALFUW 135 Centurion Acquisition Corp. Warrant ALFUW	$46.2K	0.01%	308,153 +12,600	+4%	+$1.89K
136	NOEMW 136 CO2 Energy Transition Corp. Warrant NOEMW	$45.7K	0.01%	457,063	New	+$45.7K
137	VACHW 137 Voyager Acquisition Corp Warrants VACHW	$44K	0.01%	293,200 -228,000	-44%	-$34.2K
138	TDACW 138 Translational Development Acquisition Corp. Warrants TDACW	$41.4K	0.01%	295,689	New	+$41.4K
139	139 OppFi Inc. Warrants, each whole warrant exercisable for one share of Class A common stock at an exercise price of $11.50 per share OPFI.WS $93.1M	$41K	0.01%	18,799	New	+$41K
140	VCICW 140 Vine Hill Capital Investment Corp. Warrant VCICW	$40.6K	0.01%	193,134	–	–
141	NOEMR 141 CO2 Energy Transition Corp. Right NOEMR	$36.1K	0%	190,000	New	+$36.1K
142	KFIIR 142 K&F Growth Acquisition Corp. II Rights KFIIR	$36K	0%	299,909	New	+$36K
143	SVCCW 143 Stellar V Capital Corp. Warrant SVCCW	$35.7K	0%	169,960	New	+$35.7K
144	SPKLW 144 Spark I Acquisition Corp. Warrant SPKLW	$34.3K	0%	264,020 -2,000	-0.8%	-$260
145	NRO 145 Neuberger Berman Real Estate Securities Income Fund NRO $157M	$34.3K	0%	10,400	New	+$34.3K
146	146 Vivid Seats Inc. Warrant SEATW	$34.2K	0%	162,704 +52,214	+47%	+$11K
147	DRDBW 147 Roman DBDR Acquisition Corp. II Warrants DRDBW	$33.2K	0%	103,595	New	+$33.2K
148	BZAIW 148 Blaize Holdings, Inc. Warrants BZAIW	$32.3K	0%	169,985	New	+$32.3K
149	MRNOW 149 Murano Global Investments PLC Warrants MRNOW	$32.2K	0%	140,174 -1,610	-1%	-$370
150	JACS.RT 150 Jackson Acquisition Company II Rights, each right to acquire one-tenth (1/10) of one Class A ordinary share JACS.RT	$31.3K	0%	136,000	New	+$31.3K