Q2 2025 · 13F-HR
K2 PRINCIPAL FUND, L.P.holdings as filed
Filed 2025-08-14 · accession 0001461790-25-000044
$725.2M
Reported value
296
Positions
2025-06-30
Period end
The Brief · K2 PRINCIPAL FUND, L.P. · Q2 2025
AI · grounded in 13F
K2 PRINCIPAL FUND, L.P. established a new position in GLD valued at $43.8M. The fund also initiated new stakes in IBIT for $34.7M and BTI for $20.3M. Additional new positions include HYG at $18.1M and Peloton Interactive Inc bonds at $15.2M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78463V107 | GLD | SPDR GOLD TR | $32.0M | 4.41% | 105,000 | CALL | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $18.5M | 2.55% | 390,000 | CALL | SOLE |
| 464288513 | HYG | ISHARES TR | $16.1M | 2.22% | 200,000 | PUT | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $15.3M | 2.11% | 250,000 | PUT | SOLE |
| 70614WAB6 | PTON 0 02/15/26 | PELOTON INTERACTIVE INC | $15.2M | 2.09% | 15,679 | Common | SOLE |
| 02376RAF9 | AAL 6.5 07/01/25 | AMERICAN AIRLINES GROUP INC | $14.1M | 1.95% | 14,137 | Common | SOLE |
| 67059NAH1 | NTNX 0.25 10/01/27 | NUTANIX INC | $14.1M | 1.94% | 10,000 | Common | SOLE |
| 32076VAD5 | AGCN 0.375 01/15/27 | FIRST MAJESTIC SILVER CORP | $14.1M | 1.94% | 14,500 | Common | SOLE |
| 26210CAC8 | DBX 0 03/01/26 | DROPBOX INC | $13.7M | 1.89% | 13,859 | Common | SOLE |
| 896945AD4 | TRIP 0.25 04/01/26 | TRIPADVISOR INC | $13.5M | 1.86% | 14,000 | Common | SOLE |
| 55826TAB8 | SPHR 3.5 12/01/28 | SPHERE ENTERTAINMENT CO | $12.0M | 1.65% | 8,500 | Common | SOLE |
| 55024UAH2 | LITE 1.5 12/15/29 | LUMENTUM HLDGS INC | $10.8M | 1.48% | 7,000 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $10.8M | 1.48% | 328,000 | CALL | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $10.7M | 1.47% | 174,000 | Common | SOLE |
| 09228FAM5 | BBCN 3 02/15/29 | BLACKBERRY LTD | $10.1M | 1.39% | 7,000 | Common | SOLE |
| 29786AAJ5 | ETSY 0.125 10/01/26 | ETSY INC | $9.7M | 1.34% | 10,000 | Common | SOLE |
| 83304AAB2 | SNAP 0.75 08/01/26 | SNAP INC | $9.6M | 1.32% | 10,000 | Common | SOLE |
| 91680MAB3 | UPST 0.25 08/15/26 | UPSTART HLDGS INC | $9.5M | 1.31% | 10,000 | Common | SOLE |
| 477143AP6 | JBLU 0.5 04/01/26 | JETBLUE AIRWAYS CORP | $9.5M | 1.31% | 10,000 | Common | SOLE |
| 753422AF1 | RPD 0.25 03/15/27 | RAPID7 INC | $9.3M | 1.28% | 10,000 | Common | SOLE |
| 653656AB4 | NICEIT 0 09/15/25 | NICE LTD | $9.2M | 1.27% | 9,321 | Common | SOLE |
| 19260QAF4 | COIN 0.25 04/01/30 | COINBASE GLOBAL INC | $9.2M | 1.26% | 7,000 | Common | SOLE |
| 31188VAB6 | FSLY 0 03/15/26 | FASTLY INC | $8.9M | 1.22% | 9,249 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $8.8M | 1.22% | 29,000 | PUT | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $8.7M | 1.20% | 142,500 | CALL | SOLE |
| 03823UAE2 | AAOI | APPLIED OPTOELECTRONICS INC | $8.4M | 1.16% | 9,000 | Common | SOLE |
| 97717PAD6 | WT 3.25 06/15/26 | WISDOMTREE INC | $8.3M | 1.14% | 7,344 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $8.0M | 1.10% | 48,291 | Common | SOLE |
| 538034BA6 | LYV 3.125 01/15/29 | LIVE NATION ENTERTAINMENT IN | $7.7M | 1.06% | 5,000 | Common | SOLE |
| 707569AU3 | PENN 2.75 05/15/26 | PENN ENTERTAINMENT INC | $7.3M | 1.01% | 7,000 | Common | SOLE |
| 70509VAA8 | PEB 1.75 12/15/26 | PEBBLEBROOK HOTEL TR | $7.1M | 0.97% | 7,473 | Common | SOLE |
| 156431AQ1 | CENX | CENTURY ALUM CO | $6.9M | 0.95% | 5,750 | Common | SOLE |
| 55903Q104 | MQ8 | MAG SILVER CORP | $6.8M | 0.94% | 321,870 | Common | SOLE |
| 83419XAA6 | SEI 4.75 05/01/30 | SOLARIS ENERGY INFRAS INC | $6.4M | 0.88% | 4,750 | Common | SOLE |
| 682189AS4 | ON 0 05/01/27 | ON SEMICONDUCTOR CORP | $5.9M | 0.82% | 5,000 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $5.9M | 0.82% | 346,591 | Common | SOLE |
| 09239BAD1 | BL 0 03/15/26 | BLACKLINE INC | $5.8M | 0.80% | 6,000 | Common | SOLE |
| 82835W108 | SPRY | ARS PHARMACEUTICALS INC | $5.5M | 0.76% | 317,126 | Common | SOLE |
| 92206C664 | VTWO | VANGUARD SCOTTSDALE FDS | $5.5M | 0.75% | 62,500 | PUT | SOLE |
| 565788AB2 | MARA 1 12/01/26 | MARA HOLDINGS INC | $5.4M | 0.75% | 6,000 | Common | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT IN | $5.1M | 0.71% | 34,000 | CALL | SOLE |
| 007973AE0 | AEIS 2.5 09/15/28 | ADVANCED ENERGY INDS | $4.8M | 0.66% | 4,000 | Common | SOLE |
| 64110Y108 | NLOP | NET LEASE OFFICE PROPERTIES | $4.7M | 0.65% | 144,800 | Common | SOLE |
| 698884AE3 | PAR 1.5 10/15/27 | PAR TECHNOLOGY CORP | $4.6M | 0.63% | 4,000 | Common | SOLE |
| G4405D107 | HVII | HENNESSY CAP INVT CORP VII | $4.6M | 0.63% | 452,717 | Common | SOLE |
| 42809H107 | HES | HESS CORP | $4.5M | 0.63% | 32,782 | Common | SOLE |
| 38268TAD5 | GPRO 1.25 11/15/25 | GOPRO INC | $4.5M | 0.63% | 5,000 | Common | SOLE |
| G3730H106 | CCIR | COHEN CIRCLE ACQUISITION COR | $4.5M | 0.62% | 410,086 | Common | SOLE |
| G2283U100 | — | COLOMBIER ACQUISITION CORP I | $4.4M | 0.61% | 283,990 | Common | SOLE |
| 681919106 | OMC | OMNICOM GROUP INC | $4.3M | 0.60% | 60,100 | CALL | SOLE |
| 53680QAA6 | LARCN 1.75 01/15/27 | LITHIUM ARGENTINA AG | $4.3M | 0.59% | 5,095 | Common | SOLE |
| G9675P102 | WLAC | WILLOW LANE ACQUISITION CORP | $4.2M | 0.58% | 412,413 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $4.1M | 0.57% | 14,100 | Common | SOLE |
| 48203R104 | JNP | JUNIPER NETWORKS INC | $4.0M | 0.55% | 100,000 | Common | SOLE |
| G4002F109 | GTEN | GORES HLDGS X INC | $4.0M | 0.55% | 389,326 | Common | SOLE |
| 91688FAB0 | UPWK 0.25 08/15/26 | UPWORK INC | $3.8M | 0.52% | 4,000 | Common | SOLE |
| 74346YAG8 | PRO 2.25 09/15/27 | PROS HOLDINGS INC | $3.8M | 0.52% | 4,000 | Common | SOLE |
| G75751100 | RAC | RITHM ACQUISITION CORP | $3.5M | 0.49% | 347,708 | Common | SOLE |
| 464287432 | TLT | ISHARES TR | $3.5M | 0.49% | 40,000 | CALL | SOLE |
| 44267T102 | HHH | HOWARD HUGHES HOLDINGS INC | $3.5M | 0.48% | 52,000 | CALL | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $3.4M | 0.47% | 200,000 | CALL | SOLE |
| G5093B121 | JENA/U | JENA ACQUISITION CORP II | $3.3M | 0.46% | 325,200 | Common | SOLE |
| G6363K106 | — | NABORS ENERGY TRANSITION COR | $3.3M | 0.46% | 300,000 | Common | SOLE |
| 46187W107 | INVH | INVITATION HOMES INC | $3.3M | 0.45% | 100,000 | PUT | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $3.3M | 0.45% | 75,000 | CALL | SOLE |
| G33033104 | KDK | ARES ACQUISITION CORP II | $3.2M | 0.44% | 282,079 | Common | SOLE |
| G2003N105 | BEAG | BOLD EAGLE ACQUISITION CORP | $3.2M | 0.44% | 303,575 | Common | SOLE |
| G1051H101 | TACO | BERTO ACQUISITION CORP | $3.2M | 0.44% | 304,536 | Common | SOLE |
| 81752R100 | SRG | SERITAGE GROWTH PPTYS | $3.1M | 0.43% | 1,015,786 | Common | SOLE |
| 70614W100 | PTON | PELOTON INTERACTIVE INC | $3.1M | 0.43% | 447,734 | Common | SOLE |
| 55024UAF6 | LITE 0.5 06/15/28 | LUMENTUM HLDGS INC | $3.1M | 0.43% | 3,000 | Common | SOLE |
| G2130T124 | CCCXU | CHURCHILL CAP CORP X | $3.1M | 0.43% | 300,000 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $3.1M | 0.43% | 33,048 | Common | SOLE |
| 87975H100 | TIXT | TELUS INTL CDA INC | $3.0M | 0.42% | 835,087 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $3.0M | 0.41% | 175,000 | PUT | SOLE |
| 343412102 | FLR | FLUOR CORP NEW | $3.0M | 0.41% | 58,200 | Common | SOLE |
| G20315100 | ALF | CENTURION ACQUISITION CORP | $3.0M | 0.41% | 282,839 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $3.0M | 0.41% | 9,746 | Common | SOLE |
| 55306NAB0 | MKSI 1.25 06/01/30 | MKS INC. | $3.0M | 0.41% | 3,000 | Common | SOLE |
| 86771WAD7 | RUN 4 03/01/30 | SUNRUN INC | $2.9M | 0.39% | 4,000 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $2.8M | 0.39% | 5,000 | PUT | SOLE |
| G81354105 | SBXD | SILVERBOX CORP IV | $2.7M | 0.38% | 249,209 | Common | SOLE |
| 40131MAB5 | GH 0 11/15/27 | GUARDANT HEALTH INC | $2.7M | 0.38% | 3,000 | Common | SOLE |
| G7257A113 | PCAPU | PROCAP ACQUISITION CORP | $2.7M | 0.37% | 251,303 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $2.7M | 0.37% | 15,000 | Common | SOLE |
| G1827K107 | CEPO | CANTOR EQUITY PARTNERS I INC | $2.6M | 0.36% | 217,896 | Common | SOLE |
| 35909D109 | FYBR | FRONTIER COMMUNICATIONS PARE | $2.6M | 0.36% | 71,074 | Common | SOLE |
| G7010A129 | PMTR | PERIMETER ACQUISITION CORP I | $2.5M | 0.35% | 247,237 | Common | SOLE |
| G1331A124 | BACCU | BLUE ACQUISITION CORP. | $2.5M | 0.35% | 249,900 | Common | SOLE |
| G8901A103 | TACH | TITAN ACQUISITION CORP | $2.5M | 0.34% | 245,600 | Common | SOLE |
| G7515A103 | RDAG | REPUBLIC DIGITAL ACQUISITION | $2.4M | 0.34% | 238,720 | Common | SOLE |
| G3934V109 | GENI | GENIUS SPORTS LIMITED | $2.4M | 0.33% | 230,364 | Common | SOLE |
| G9R39C129 | WENNU | WEN ACQUISITION CORP | $2.4M | 0.33% | 226,317 | Common | SOLE |
| G2868C103 | DAAQ | DIGITAL ASSET ACQUISITION CO | $2.4M | 0.33% | 226,951 | Common | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $2.3M | 0.32% | 10,608 | Common | SOLE |
| G1827P106 | CEPT | CANTOR EQUITY PARTNERS II IN | $2.3M | 0.32% | 208,586 | Common | SOLE |
| G47875102 | IPCX | INFLECTION PT ACQUISITION CO | $2.3M | 0.31% | 223,166 | Common | SOLE |
| 74022D407 | PDS | PRECISION DRILLING CORP | $2.2M | 0.31% | 47,460 | Common | SOLE |
| 36317J209 | GLXY | GALAXY DIGITAL INC. | $2.2M | 0.31% | 75,000 | PUT | SOLE |
| G4375F108 | HYAC | HAYMAKER ACQUISITION CORP IV | $2.2M | 0.31% | 199,800 | Common | SOLE |
| 464287804 | IJR | ISHARES TR | $2.2M | 0.30% | 20,000 | PUT | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $2.2M | 0.30% | 6,167 | Common | SOLE |
| G17564108 | CRAQ | CAL REDWOOD ACQUISITION CORP | $2.1M | 0.30% | 215,031 | Common | SOLE |
| G8431T101 | SIMA | SIM ACQUISITION CORP. I | $2.1M | 0.29% | 205,292 | Common | SOLE |
| G2296A109 | CCCMUSD | COLUMBUS CIRCLE CAP CORP. I | $2.1M | 0.29% | 200,000 | Common | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III I | $2.1M | 0.29% | 200,000 | Common | SOLE |
| G6717R104 | OACC | OAKTREE ACQUISITION CORP III | $2.0M | 0.28% | 195,292 | Common | SOLE |
| 464288513 | HYG | ISHARES TR | $2.0M | 0.28% | 25,000 | CALL | SOLE |
| 39525U107 | GFR | GREENFIRE RES LTD NEW | $2.0M | 0.28% | 447,600 | Common | SOLE |
| 453038408 | IMO | IMPERIAL OIL LTD | $2.0M | 0.27% | 25,000 | CALL | SOLE |
| G5509P102 | LOKV | LIVE OAK ACQUISITION CORP V | $1.9M | 0.26% | 178,100 | Common | SOLE |
| M98068105 | WIX | WIX COM LTD | $1.9M | 0.26% | 12,004 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYS INC | $1.9M | 0.26% | 2,000 | Common | SOLE |
| G3106N109 | FTW | EQV VENTURES ACQUISITION COR | $1.8M | 0.25% | 174,421 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $1.8M | 0.25% | 38,200 | Common | SOLE |
| G0750N120 | AXINU | AXIOM INTELLIGENCE AC CORP 1 | $1.8M | 0.25% | 177,159 | Common | SOLE |
| G7490F101 | RTAC | RENATUS TACTICAL ACQUIS | $1.7M | 0.24% | 145,320 | Common | SOLE |
| 704551100 | BTU | PEABODY ENERGY CORP | $1.7M | 0.23% | 125,000 | CALL | SOLE |
| 98422X101 | XPOF | XPONENTIAL FITNESS INC | $1.7M | 0.23% | 221,043 | Common | SOLE |
| G04537109 | ATII | ARCHIMEDES TECH SPAC PARTNER | $1.6M | 0.23% | 160,170 | Common | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $1.6M | 0.22% | 10,000 | PUT | SOLE |
| 80013R206 | AYS1 | SANDSTORM GOLD LTD | $1.6M | 0.22% | 170,000 | Common | SOLE |
| 29355A107 | ENPH | ENPHASE ENERGY INC | $1.6M | 0.22% | 40,000 | PUT | SOLE |
| 39818P799 | PKST | PEAKSTONE REALTY TRUST | $1.5M | 0.21% | 116,697 | Common | SOLE |
| G3415K101 | FERA | FIFTH ERA ACQUISITION CORP I | $1.5M | 0.21% | 150,000 | Common | SOLE |
| G5490M118 | LWACU | LIGHTWAVE ACQUISITION CORP | $1.5M | 0.21% | 150,000 | Common | SOLE |
| 253393102 | DKS | DICKS SPORTING GOODS INC | $1.5M | 0.20% | 7,500 | Common | SOLE |
| 344849104 | WOO | FOOT LOCKER INC | $1.5M | 0.20% | 60,000 | Common | SOLE |
| 84863V101 | FLYYQ | SPIRIT AVIATION HLDGS INC | $1.4M | 0.20% | 287,976 | Common | SOLE |
| 26210C104 | DBX | DROPBOX INC | $1.4M | 0.20% | 50,000 | PUT | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $1.4M | 0.20% | 2,500 | CALL | SOLE |
| 690742101 | OC | OWENS CORNING NEW | $1.4M | 0.19% | 10,000 | CALL | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $1.3M | 0.18% | 4,854 | Common | SOLE |
| G98659108 | MCGAU | YORKVILLE ACQUISITION CORP. | $1.3M | 0.18% | 115,000 | Common | SOLE |
| 72814N104 | AGS | PLAYAGS INC | $1.2M | 0.17% | 99,918 | Common | SOLE |
| 595112103 | MU | MICRON TECHNOLOGY INC | $1.2M | 0.17% | 10,000 | Common | SOLE |
| 03990B101 | ARES | ARES MANAGEMENT CORPORATION | $1.2M | 0.17% | 7,000 | CALL | SOLE |
| G21301109 | CCIX | CHURCHILL CAPITAL CORP IX | $1.2M | 0.17% | 114,350 | Common | SOLE |
| 453038408 | IMO | IMPERIAL OIL LTD | $1.2M | 0.16% | 15,000 | Common | SOLE |
| 457730109 | INSP | INSPIRE MED SYS INC | $1.2M | 0.16% | 9,100 | CALL | SOLE |
| 918204108 | VFC | V F CORP | $1.2M | 0.16% | 100,000 | Common | SOLE |
| 00217D100 | ASTS | AST SPACEMOBILE INC | $1.2M | 0.16% | 25,000 | CALL | SOLE |
| 21874A114 | CORZW | CORE SCIENTIFIC INC NEW | $1.2M | 0.16% | 107,092 | Common | SOLE |
| 668771116 | GENVR | GEN DIGITAL INC | $1.2M | 0.16% | 143,630 | Common | SOLE |
| G0509J115 | AACB | ARTIUS II ACQUISITION INC | $1.1M | 0.16% | 112,006 | Common | SOLE |
| G7633M104 | DRDB | ROMAN DBDR ACQUISITION CORP | $1.1M | 0.15% | 107,090 | Common | SOLE |
| 43300A203 | HLT | HILTON WORLDWIDE HLDGS INC | $1.1M | 0.15% | 4,000 | CALL | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $1.1M | 0.15% | 75,000 | CALL | SOLE |
| G4444H101 | BBOT | HELIX ACQUISITION CORP II | $1.1M | 0.15% | 100,000 | Common | SOLE |
| 171779309 | CIEN | CIENA CORP | $1.1M | 0.15% | 13,013 | Common | SOLE |
| 23331A109 | DHI | D R HORTON INC | $1.0M | 0.14% | 8,000 | Common | SOLE |
| 73931J109 | AIOT | POWERFLEET INC | $1.0M | 0.14% | 238,417 | Common | SOLE |
| N4732M103 | JBS | JBS N.V. | $1.0M | 0.14% | 69,944 | Common | SOLE |
| G5304D122 | KCHVU | KOCHAV DEFENSE ACQUI CO | $1.0M | 0.14% | 100,000 | Common | SOLE |
| 635906100 | NHC | NATIONAL HEALTHCARE CORP | $1.0M | 0.14% | 9,500 | PUT | SOLE |
| 46222L116 | IONQ/WS | IONQ INC | $1.0M | 0.14% | 32,071 | Common | SOLE |
| G6861F120 | OYSEU | OYSTER ENTERPRISES II ACQUIS | $1.0M | 0.14% | 100,000 | Common | SOLE |
| G8193F109 | SZZL | SIZZLE ACQUISITION CORP. II | $1.0M | 0.14% | 100,000 | Common | SOLE |
| G5501C109 | CUB | LIONHEART HOLDINGS | $881,402 | 0.12% | 83,943 | Common | SOLE |
| 65345N114 | NNAVW | NEXTNAV INC | $849,154 | 0.12% | 133,725 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $827,700 | 0.11% | 5,000 | CALL | SOLE |
| Q4982L109 | IREN | IREN LIMITED | $728,500 | 0.10% | 50,000 | CALL | SOLE |
| 00214Q104 | ARKK | ARK ETF TR | $702,900 | 0.10% | 10,000 | CALL | SOLE |
| 218937100 | CNR | CORE NATURAL RESOURCES INC | $697,400 | 0.10% | 10,000 | CALL | SOLE |
| 86771W105 | RUN | SUNRUN INC | $667,807 | 0.09% | 81,639 | Common | SOLE |
| 553368101 | MP | MP MATERIALS CORP | $665,400 | 0.09% | 20,000 | PUT | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $636,514 | 0.09% | 19,400 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $631,960 | 0.09% | 4,000 | Common | SOLE |
| G2283U118 | — | COLOMBIER ACQUISITION CORP I | $630,791 | 0.09% | 168,211 | Common | SOLE |
| G2124S108 | CHPG | CHAMPIONSGATE ACQUISITION CO | $627,800 | 0.09% | 62,780 | Common | SOLE |
| 94419L101 | W | WAYFAIR INC | $613,680 | 0.08% | 12,000 | CALL | SOLE |
| G63212115 | MBAVW | M3BRIGADE ACQUISITION V CORP | $610,958 | 0.08% | 349,119 | Common | SOLE |
| G9717M125 | WTGUU | WINTERGREEN ACQUISITION CORP | $595,310 | 0.08% | 59,000 | Common | SOLE |
| G87890128 | TVAIU | THAYER VENTURES ACQ CORP II | $592,033 | 0.08% | 58,271 | Common | SOLE |
| G16234109 | — | BROOKFIELD BUSINESS PARTNERS | $583,425 | 0.08% | 22,500 | Common | SOLE |
| 05722G100 | BKR | BAKER HUGHES COMPANY | $575,100 | 0.08% | 15,000 | CALL | SOLE |
| 09581B103 | OWL | BLUE OWL CAPITAL INC | $557,090 | 0.08% | 29,000 | CALL | SOLE |
| 92512J106 | VBNK | VERSABANK NEW | $554,975 | 0.08% | 48,682 | Common | SOLE |
| G5451A103 | LEGT | LEGATO MERGER CORP III | $531,309 | 0.07% | 49,748 | Common | SOLE |
| G65163118 | JOBY/WS | JOBY AVIATION INC | $521,057 | 0.07% | 217,107 | Common | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $466,500 | 0.06% | 5,000 | CALL | SOLE |
| 98956A105 | ZETA | ZETA GLOBAL HOLDINGS CORP | $464,700 | 0.06% | 30,000 | CALL | SOLE |
| 58933Y105 | MRK | MERCK CO INC | $449,945 | 0.06% | 5,684 | Common | SOLE |
| 015658115 | ASTLW | ALGOMA STL GROUP INC | $428,345 | 0.06% | 690,879 | Common | SOLE |
| G43658122 | IMSRW | HCM II ACQUISITION CORP | $417,099 | 0.06% | 177,489 | Common | SOLE |
| G3106N117 | FTW | EQV VENTURES ACQUISITION COR | $387,526 | 0.05% | 530,857 | Common | SOLE |
| 185899101 | CLF | CLEVELAND-CLIFFS INC NEW | $380,000 | 0.05% | 50,000 | CALL | SOLE |
| G3730H114 | CCIR | COHEN CIRCLE ACQUISITION COR | $367,172 | 0.05% | 183,586 | Common | SOLE |
| 006212104 | ADX | ADAMS DIVERSIFIED EQUITY FD | $351,311 | 0.05% | 16,182 | Common | SOLE |
| 38071H122 | GROY/WS | GOLD ROYALTY CORP | $346,603 | 0.05% | 990,295 | Common | SOLE |
| G33033120 | KDKRW | ARES ACQUISITION CORP II | $339,628 | 0.05% | 308,753 | Common | SOLE |
| G4405D115 | HVIIR | HENNESSY CAP INVT CORP VII | $326,079 | 0.04% | 1,086,931 | Common | SOLE |
| 00326W106 | ASGI | ABRDN GLOBAL INFRA INCOME FU | $305,700 | 0.04% | 15,000 | Common | SOLE |
| 538034109 | LYV | LIVE NATION ENTERTAINMENT IN | $302,560 | 0.04% | 2,000 | PUT | SOLE |
| G32901111 | FACTU | FACT II ACQUISITION CORP | $300,000 | 0.04% | 30,000 | Common | SOLE |
| 780910105 | RVT | ROYCE SMALL CAP TRUST INC | $293,325 | 0.04% | 19,490 | Common | SOLE |
| 09251A104 | BDJ | BLACKROCK ENHANCED EQUITY DI | $293,228 | 0.04% | 32,984 | Common | SOLE |
| 25609L105 | DCBO | DOCEBO INC | $292,294 | 0.04% | 10,100 | Common | SOLE |
| 29103K118 | FLDDW | FOLD HLDGS INC | $270,354 | 0.04% | 380,780 | Common | SOLE |
| 89346D107 | TAC | TRANSALTA CORP | $269,750 | 0.04% | 25,000 | CALL | SOLE |
| 09260Q108 | BTX | BLACKROCK TECH AND PRIVATE E | $255,748 | 0.04% | 34,843 | Common | SOLE |
| G2296A117 | — | COLUMBUS CIRCLE CAP CORP. I | $249,000 | 0.03% | 150,000 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $245,056 | 0.03% | 700 | CALL | SOLE |
| 289074106 | ECF | ELLSWORTH GROWTH INCOME FD | $243,796 | 0.03% | 23,785 | Common | SOLE |
| 09256A109 | CII | BLACKROCK ENHANCED LARGE CAP | $228,061 | 0.03% | 10,682 | Common | SOLE |
| G9675P110 | — | WILLOW LANE ACQUISITION CORP | $227,001 | 0.03% | 630,559 | Common | SOLE |
| 25065A502 | DMA | DESTRA MULTI-ALTERNATIVE FD | $216,204 | 0.03% | 24,709 | Common | SOLE |
| 880198205 | SABA | SABA CAPITAL INCOME OPPORT | $211,370 | 0.03% | 23,000 | Common | SOLE |
| 549498103 | CCIVGBP | LUCID GROUP INC | $197,485 | 0.03% | 93,595 | Common | SOLE |
| G2868C111 | DAAQW | DIGITAL ASSET ACQUISITION CO | $194,633 | 0.03% | 228,980 | Common | SOLE |
| G6363K114 | — | NABORS ENERGY TRANSITION COR | $180,952 | 0.02% | 376,983 | Common | SOLE |
| G01558124 | ALDFW | ALDEL FINL II INC | $155,314 | 0.02% | 298,680 | Common | SOLE |
| G2003N121 | BEAGR | BOLD EAGLE ACQUISITION CORP | $155,281 | 0.02% | 500,907 | Common | SOLE |
| G6004G118 | MACIW | MELAR ACQUISITION CORP. I | $152,709 | 0.02% | 509,029 | Common | SOLE |
| 27901F109 | XTEAX | TORTOISE SUSTAINABLE SOCIA | $136,097 | 0.02% | 11,119 | Common | SOLE |
| 83085C115 | SKYH/WS | SKY HARBOUR GROUP CORPORATIO | $125,152 | 0.02% | 73,619 | Common | SOLE |
| 462837121 | UCFIW | IRON HORSE ACQUISITIONS CORP | $124,727 | 0.02% | 249,454 | Common | SOLE |
| G1051H119 | TACOW | BERTO ACQUISITION CORP | $121,814 | 0.02% | 152,268 | Common | SOLE |
| G5501C117 | CUBWW | LIONHEART HOLDINGS | $118,579 | 0.02% | 359,330 | Common | SOLE |
| G2949D112 | DYNCW | DYNAMIX CORP | $115,449 | 0.02% | 296,022 | Common | SOLE |
| G5S86M126 | LPAAW | LAUNCH ONE ACQUISITION CORP | $112,216 | 0.02% | 415,615 | Common | SOLE |
| G8431T119 | SIMAW | SIM ACQUISITION CORP. I | $108,518 | 0.01% | 401,917 | Common | SOLE |
| G5S87A113 | LPBBW | LAUNCH TWO ACQUISITION CORP. | $107,182 | 0.01% | 267,954 | Common | SOLE |
| G04537125 | ATIIW | ARCHIMEDES TECH SPAC PARTNER | $106,557 | 0.01% | 259,895 | Common | SOLE |
| 42968F108 | PCF | HIGH INCOME SECS FD | $106,153 | 0.01% | 16,717 | Common | SOLE |
| 91733P115 | USAR | USA RARE EARTH INC | $105,058 | 0.01% | 44,142 | Common | SOLE |
| 092667112 | SRTA | BLADE AIR MOBILITY INC | $104,384 | 0.01% | 497,069 | Common | SOLE |
| G20315118 | ALFUW | CENTURION ACQUISITION CORP | $96,045 | 0.01% | 320,150 | Common | SOLE |
| G17564116 | CRAQR | CAL REDWOOD ACQUISITION CORP | $88,086 | 0.01% | 326,246 | Common | SOLE |
| G5509P110 | LOKVW | LIVE OAK ACQUISITION CORP V | $87,500 | 0.01% | 125,000 | Common | SOLE |
| G1169T138 | BACQR | BLEICHROEDER ACQUISITION COR | $87,500 | 0.01% | 250,000 | Common | SOLE |
| 87918A105 | TDOC | TELADOC HEALTH INC | $87,100 | 0.01% | 10,000 | CALL | SOLE |
| G5451A111 | LEGT/WS | LEGATO MERGER CORP III | $86,936 | 0.01% | 377,983 | Common | SOLE |
| 691543102 | OXLC | OXFORD LANE CAP CORP | $84,000 | 0.01% | 20,000 | Common | SOLE |
| G7010A111 | PMTRW | PERIMETER ACQUISITION CORP I | $79,116 | 0.01% | 123,618 | Common | SOLE |
| G47875110 | IPCXR | INFLECTION PT ACQUISITION CO | $78,108 | 0.01% | 223,166 | Common | SOLE |
| G38268119 | TGE | GENERATION ESSENTIALS GROUP | $77,002 | 0.01% | 192,506 | Common | SOLE |
| G3415K135 | FERAR | FIFTH ERA ACQUISITION CORP I | $76,670 | 0.01% | 306,680 | Common | SOLE |
| 98944F117 | ZEOWW | ZEO ENERGY CORP | $76,652 | 0.01% | 1,277,536 | Common | SOLE |
| G7490F127 | RTACW | RENATUS TACTICAL ACQUIS | $76,355 | 0.01% | 37,429 | Common | SOLE |
| G7515A129 | RDAGW | REPUBLIC DIGITAL ACQUISITION | $76,272 | 0.01% | 121,067 | Common | SOLE |
| G32901129 | FACTW | FACT II ACQUISITION CORP | $75,988 | 0.01% | 303,953 | Common | SOLE |
| G4R52R103 | HPAI | HELPORT AI LTD | $69,965 | 0.01% | 29,152 | Common | SOLE |
| G9008W113 | TDACW | TRANSLATIONAL DEV ACQUISITIO | $68,008 | 0.01% | 295,689 | Common | SOLE |
| G24979117 | CHACR | CRANE HBR ACQUISITION CORP | $65,884 | 0.01% | 244,013 | Common | SOLE |
| G4002F125 | GTENW | GORES HLDGS X INC | $59,564 | 0.01% | 100,956 | Common | SOLE |
| G75751118 | RAC/WS | RITHM ACQUISITION CORP | $56,840 | 0.01% | 116,000 | Common | SOLE |
| G7633M112 | DRDBW | ROMAN DBDR ACQUISITION CORP | $51,798 | 0.01% | 103,595 | Common | SOLE |
| G6301B127 | MLACR | MOUNTAIN LAKE ACQUISITION CO | $51,331 | 0.01% | 366,649 | Common | SOLE |
| 36831E116 | GCMGW | GCM GROSVENOR INC | $51,059 | 0.01% | 79,780 | Common | SOLE |
| G6486E110 | NHICW | NEWHOLD INVT CORP III | $51,022 | 0.01% | 159,445 | Common | SOLE |
| G8901A111 | TACHW | TITAN ACQUISITION CORP | $50,561 | 0.01% | 136,650 | Common | SOLE |
| G8316B118 | SPKLW | SPARK I ACQUISITION CORP | $50,164 | 0.01% | 264,020 | Common | SOLE |
| G83752116 | — | SPRING VALLEY ACQUISTN CORP | $48,726 | 0.01% | 348,041 | Common | SOLE |
| G6001J131 | IPEXR | MAYWOOD ACQUISITION CORP | $48,227 | 0.01% | 178,617 | Common | SOLE |
| G93Y09115 | VCICW | VINE HILL CAP INVT CORP. | $46,352 | 0.01% | 193,134 | Common | SOLE |
| G4036C122 | GRAF/WS | GRAF GLOBAL CORP | $43,917 | 0.01% | 162,657 | Common | SOLE |
| G9877L115 | CHARR | CHARLTON ARIA ACQUISITION CO | $43,763 | 0.01% | 291,752 | Common | SOLE |
| G6439S117 | NTWOW | NEWBURY STR II ACQUISITION C | $41,740 | 0.01% | 198,760 | Common | SOLE |
| 12664M111 | NOEMW | CO2 ENERGY TRANSITION CORP | $37,822 | 0.01% | 420,241 | Common | SOLE |
| G8475V111 | SVCCW | STELLAR V CAP CORP | $37,391 | 0.01% | 169,960 | Common | SOLE |
| G4992A136 | JACS-R | JACKSON ACQUISITION CO II | $36,720 | 0.01% | 136,000 | Common | SOLE |
| G4035N129 | GPATW | GP-ACT III ACQUISITION CORP | $36,539 | 0.01% | 121,798 | Common | SOLE |
| G6717R112 | OACCW | OAKTREE ACQUISITION CORP III | $34,371 | 0.00% | 39,058 | Common | SOLE |
| 64190A103 | XNROX | NEUBERGER BERMAN REAL ESTATE | $33,488 | 0.00% | 10,400 | Common | SOLE |
| 693489114 | VEEAW | VEEA INC | $32,045 | 0.00% | 228,890 | Common | SOLE |
| G8193F133 | SZZLR | SIZZLE ACQUISITION CORP. II | $30,655 | 0.00% | 153,273 | Common | SOLE |
| 98400U103 | SAFX | XCF GLOBAL INC | $29,332 | 0.00% | 33,332 | Common | SOLE |
| 12664M129 | NOEMR | CO2 ENERGY TRANSITION CORP | $28,500 | 0.00% | 190,000 | Common | SOLE |
| G63369113 | MRNOW | MURANO GLOBAL INVTS PLC | $28,035 | 0.00% | 140,174 | Common | SOLE |
| G0509J123 | AACBR | ARTIUS II ACQUISITION INC | $26,881 | 0.00% | 112,006 | Common | SOLE |
| 8342EP107 | XPL | SOLITARIO RESOURCES CORP | $25,060 | 0.00% | 38,554 | Common | SOLE |
| 374275105 | GETY | GETTY IMAGES HOLDINGS INC | $22,890 | 0.00% | 13,789 | Common | SOLE |
| 36170N115 | GCTS/WS | GCT SEMICONDUCTOR HLDG INC | $18,309 | 0.00% | 183,091 | Common | SOLE |
| 64107A113 | NPWR/WS | NET POWER INC | $15,240 | 0.00% | 46,181 | Common | SOLE |
| 67190B112 | — | OAK WOODS ACQUISITION CORP | $15,010 | 0.00% | 500,340 | Common | SOLE |
| G52258129 | KFIIR | KF GROWTH ACQUISITION CORP | $14,247 | 0.00% | 118,722 | Common | SOLE |
| G83752132 | SVIRF | SPRING VALLEY ACQUISTN CORP | $14,000 | 0.00% | 100,000 | Common | SOLE |
| G5212E113 | — | JVSPAC ACQUISITION CORP | $12,517 | 0.00% | 14,387 | Common | SOLE |
| 98400V119 | XBPEW | XBP EUROPE HOLDINGS INC | $11,665 | 0.00% | 233,305 | Common | SOLE |
| G1000R127 | AAM | AA MISSION ACQUISITION CORP | $11,250 | 0.00% | 125,000 | Common | SOLE |
| G52443127 | KVACW | KEEN VISION ACQUISITION CORP | $11,230 | 0.00% | 224,607 | Common | SOLE |
| G38648120 | GIGGW | GIGCAPITAL7 CORP | $10,545 | 0.00% | 70,297 | Common | SOLE |
| 182744110 | KIDZW | CLASSOVER HLDGS INC | $9,735 | 0.00% | 74,888 | Common | SOLE |
| G20873116 | CHEB/WS | CHENGHE ACQUISITION II CO | $9,320 | 0.00% | 103,560 | Common | SOLE |
| G0131Y118 | ANSCW | AGRICULTURE NAT SOL ACQ CO | $8,338 | 0.00% | 55,589 | Common | SOLE |
| 09769B115 | BSLKW | BOLT PROJS HLDGS INC | $7,859 | 0.00% | 261,977 | Common | SOLE |
| 92854T118 | SEATW | VIVID SEATS INC | $7,494 | 0.00% | 53,525 | Common | SOLE |
| G2124S116 | CHPGR | CHAMPIONSGATE ACQUISITION CO | $6,278 | 0.00% | 62,780 | Common | SOLE |
| 44934N116 | IBACR | IB ACQUISITION CORP | $4,407 | 0.00% | 110,178 | Common | SOLE |
| G0223V121 | ATMCW | ALPHATIME ACQUISITION CORP | $4,248 | 0.00% | 141,606 | Common | SOLE |
| G75389117 | RFAIR | RF ACQUISITION CORP II | $3,500 | 0.00% | 50,000 | Common | SOLE |
| G2853N114 | DTSQR | DT CLOUD STAR ACQUISITION CO | $3,435 | 0.00% | 31,225 | Common | SOLE |
| G4375F116 | — | HAYMAKER ACQUISITION CORP IV | $3,125 | 0.00% | 12,500 | Common | SOLE |
| 296424112 | ESHAR | ESH ACQUISITION CORP | $2,145 | 0.00% | 26,807 | Common | SOLE |
| 35088F115 | FORLW | FOUR LEAF ACQUISITION CORP | $1,666 | 0.00% | 55,548 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.