Q3 2025 · 13F-HR
K2 PRINCIPAL FUND, L.P.holdings as filed
Filed 2025-11-13 · accession 0001461790-25-000054
$1.23B
Reported value
338
Positions
2025-09-30
Period end
The Brief · K2 PRINCIPAL FUND, L.P. · Q3 2025
AI · grounded in 13F
K2 PRINCIPAL FUND, L.P. established a new position in GLD valued at $106.5M. The fund also initiated new stakes in VOO for $33.7M and SLV for $31.6M. Additional new positions include Western Digital Corp bonds for $24M and IREN LTD bonds for $21.5M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 78463V107 | GLD | SPDR GOLD TR | $72.9M | 5.92% | 205,000 | CALL | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $33.7M | 2.74% | 55,000 | CALL | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $24.8M | 2.01% | 69,646 | Common | SOLE |
| 958102AT2 | WDC 3 11/15/28 | WESTERN DIGITAL CORP | $24.0M | 1.95% | 7,500 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $23.3M | 1.89% | 550,000 | CALL | SOLE |
| 46270CAC3 | IREN | IREN LTD | $21.5M | 1.75% | 6,000 | Common | SOLE |
| 46090E103 | QQQ | INVESCO QQQ TR | $21.0M | 1.71% | 35,000 | PUT | SOLE |
| 01921DAA3 | AAUC | ALLIED GOLD CORP | $18.0M | 1.46% | 15,650 | Common | SOLE |
| 038169AA6 | APLD | APPLIED DIGITAL CORP | $17.6M | 1.43% | 7,000 | Common | SOLE |
| 55024UAH2 | LITE 1.5 12/15/29 | LUMENTUM HLDGS INC | $16.9M | 1.37% | 7,000 | Common | SOLE |
| 55826TAB8 | SPHR 3.5 12/01/28 | SPHERE ENTERTAINMENT CO | $16.1M | 1.31% | 8,500 | Common | SOLE |
| 32076VAD5 | AGCN 0.375 01/15/27 | FIRST MAJESTIC SILVER CORP | $15.4M | 1.25% | 14,500 | Common | SOLE |
| 70614WAB6 | PTON 0 02/15/26 | PELOTON INTERACTIVE INC | $15.4M | 1.25% | 15,679 | Common | SOLE |
| 57164YAD9 | VAC 0 01/15/26 | MARRIOTT VACATIONS WORLDWIDE | $14.8M | 1.20% | 15,000 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $14.3M | 1.16% | 270,000 | CALL | SOLE |
| 67059NAH1 | NTNX 0.25 10/01/27 | NUTANIX INC | $13.9M | 1.13% | 10,000 | Common | SOLE |
| 26210CAC8 | DBX 0 03/01/26 | DROPBOX INC | $13.7M | 1.11% | 13,859 | Common | SOLE |
| 896945AD4 | TRIP 0.25 04/01/26 | TRIPADVISOR INC | $13.7M | 1.11% | 14,000 | Common | SOLE |
| 594972AR2 | MSTR | MICROSTRATEGY | $13.5M | 1.09% | 15,000 | Common | SOLE |
| 92766KAA4 | SPCE | VIRGIN GALACTIC | $13.3M | 1.08% | 31,000 | Common | SOLE |
| 565788AE6 | MARA | MARA HOLDINGS | $12.6M | 1.02% | 12,500 | Common | SOLE |
| 21873S108 | CRWV | COREWEAVE INC | $12.2M | 0.99% | 89,500 | PUT | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $12.0M | 0.97% | 668,101 | Common | SOLE |
| 94419L101 | W | WAYFAIR INC | $11.6M | 0.94% | 129,500 | CALL | SOLE |
| 026695AB2 | HOTUCN 6 12/31/26 | AMER HOTEL INC PROP REIT | $11.0M | 0.89% | 11,323 | Common | SOLE |
| 44267T102 | HHH | HOWARD HUGHES HOLDINGS INC | $10.7M | 0.87% | 130,000 | CALL | SOLE |
| 29786AAJ5 | ETSY 0.125 10/01/26 | ETSY INC | $10.4M | 0.85% | 10,000 | Common | SOLE |
| 62844JAA6 | AMC | MUVICO LLC | $10.4M | 0.85% | 11,451 | Common | SOLE |
| 09228FAM5 | BBCN 3 02/15/29 | BLACKBERRY LTD | $10.4M | 0.84% | 7,000 | Common | SOLE |
| 86304TAA6 | STRCNA 6.875 08/01/26 144A | STRATHCONA RESOU | $10.0M | 0.81% | 10,000 | Common | SOLE |
| 65341BAG1 | XIFR | NEXTERA ENGY PTR | $9.8M | 0.80% | 10,000 | Common | SOLE |
| 477143AP6 | JBLU 0.5 04/01/26 | JETBLUE AIRWAYS CORP | $9.7M | 0.79% | 10,000 | Common | SOLE |
| 83304AAB2 | SNAP 0.75 08/01/26 | SNAP INC | $9.7M | 0.79% | 10,000 | Common | SOLE |
| 91680MAB3 | UPST 0.25 08/15/26 | UPSTART HLDGS INC | $9.6M | 0.78% | 10,000 | Common | SOLE |
| 39525UAA5 | GFR | GREENFIRE RESOUR | $9.5M | 0.77% | 8,941 | Common | SOLE |
| 97717PAD6 | WT 3.25 06/15/26 | WISDOMTREE INC | $9.5M | 0.77% | 7,344 | Common | SOLE |
| 753422AF1 | RPD 0.25 03/15/27 | RAPID7 INC | $9.4M | 0.76% | 10,000 | Common | SOLE |
| 156431AQ1 | CENX | CENTURY ALUM CO | $9.4M | 0.76% | 5,750 | Common | SOLE |
| 549498AA1 | LCID | LUCID GROUP | $9.3M | 0.76% | 10,000 | Common | SOLE |
| 36317GAB2 | GLXYLP 2.5 12/01/29 | GALAXY DIG HO LP | $9.1M | 0.74% | 5,500 | Common | SOLE |
| 31188VAB6 | FSLY 0 03/15/26 | FASTLY INC | $9.1M | 0.74% | 9,249 | Common | SOLE |
| 03823UAE2 | AAOI | APPLIED OPTOELECTRONICS INC | $9.0M | 0.73% | 9,000 | Common | SOLE |
| 44988FAD2 | IIPR | IIP OP PRTNRSHP | $9.0M | 0.73% | 9,082 | Common | SOLE |
| 78463V107 | GLD | SPDR GOLD TR | $8.9M | 0.72% | 25,000 | PUT | SOLE |
| 19260QAF4 | COIN 0.25 04/01/30 | COINBASE GLOBAL INC | $8.8M | 0.71% | 7,000 | Common | SOLE |
| 565788AG1 | MARA | MARA HOLDINGS | $8.6M | 0.70% | 9,000 | Common | SOLE |
| 83419XAA6 | SEI 4.75 05/01/30 | SOLARIS ENERGY INFRAS INC | $8.6M | 0.70% | 4,750 | Common | SOLE |
| 11777QAC4 | BTOCN | B2GOLD CORP | $8.5M | 0.69% | 5,000 | Common | SOLE |
| 464288513 | HYG | ISHARES TR | $8.1M | 0.66% | 100,000 | PUT | SOLE |
| 538034BA6 | LYV 3.125 01/15/29 | LIVE NATION ENTERTAINMENT IN | $8.1M | 0.66% | 5,000 | Common | SOLE |
| 18452BAA8 | — | CLEANSPARK INC | $8.0M | 0.65% | 6,500 | Common | SOLE |
| 683712103 | OPEN | OPENDOOR TECHNOLOGIES INC | $8.0M | 0.65% | 1,008,714 | Common | SOLE |
| 36467WAD1 | GME | GAMESTOP CORP | $8.0M | 0.65% | 7,000 | Common | SOLE |
| 97717PAH7 | WT 3.25 08/15/29 | WISDOMTREE INC | $7.8M | 0.64% | 6,000 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $7.7M | 0.62% | 196,000 | PUT | SOLE |
| 683712AA1 | OPEN | OPENDOOR TECHNOL | $7.6M | 0.62% | 7,550 | Common | SOLE |
| 70509VAA8 | PEB 1.75 12/15/26 | PEBBLEBROOK HOTEL TR | $7.2M | 0.58% | 7,473 | Common | SOLE |
| 343412AJ1 | FLR 1.125 08/15/29 | FLUOR CORP | $7.1M | 0.58% | 6,000 | Common | SOLE |
| 55826T102 | SPHR | SPHERE ENTERTAINMENT CO | $7.1M | 0.58% | 114,700 | CALL | SOLE |
| 92343XAC4 | VRNT 0.25 04/15/26 | VERINT SYSTEMS INC | $7.1M | 0.58% | 7,250 | Common | SOLE |
| 88080TAB0 | WULF | TERAWULF INC | $6.5M | 0.52% | 4,000 | Common | SOLE |
| 00217DAA8 | ASTS | AST SPACEMOBILE | $6.3M | 0.51% | 3,000 | Common | SOLE |
| 82835W108 | SPRY | ARS PHARMACEUTICALS INC | $6.2M | 0.51% | 621,807 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $6.2M | 0.50% | 146,631 | Common | SOLE |
| 336433107 | FSLR | FIRST SOLAR INC | $6.1M | 0.50% | 27,750 | Common | SOLE |
| 38268TAD5 | GPRO 1.25 11/15/25 | GOPRO INC | $5.9M | 0.48% | 6,000 | Common | SOLE |
| 09239BAD1 | BL 0 03/15/26 | BLACKLINE INC | $5.8M | 0.47% | 6,000 | Common | SOLE |
| 98422X101 | XPOF | XPONENTIAL FITNESS INC | $5.8M | 0.47% | 740,000 | Common | SOLE |
| 682189AS4 | ON 0 05/01/27 | ON SEMICONDUCTOR CORP | $5.7M | 0.46% | 5,000 | Common | SOLE |
| 565788AB2 | MARA 1 12/01/26 | MARA HOLDINGS INC | $5.6M | 0.46% | 6,000 | Common | SOLE |
| 09263BAA6 | BKSY | BLACKSKY TECHNOLOGY INC | $5.6M | 0.46% | 5,000 | Common | SOLE |
| 007973AE0 | AEIS 2.5 09/15/28 | ADVANCED ENERGY INDS | $5.5M | 0.45% | 4,000 | Common | SOLE |
| 86771WAD7 | RUN 4 03/01/30 | SUNRUN INC | $5.4M | 0.44% | 4,000 | Common | SOLE |
| 594972AT8 | MSTR | MICROSTRATEGY | $5.2M | 0.42% | 5,000 | Common | SOLE |
| 10316TAD6 | BOX 1.5 09/15/29 | BOX INC | $5.0M | 0.41% | 5,000 | Common | SOLE |
| 156727AD1 | CRNC 1.5 07/01/28 | CERENCE INC | $5.0M | 0.41% | 6,000 | Common | SOLE |
| 29355AAH0 | ENPH 0 03/01/26 | ENPHASE ENERGY INC | $5.0M | 0.41% | 5,100 | Common | SOLE |
| 46438F101 | IBIT | ISHARES BITCOIN TRUST ETF | $4.9M | 0.40% | 76,100 | Common | SOLE |
| G3106Q102 | EVAC | EQV VENTURES AC CORP. II | $4.8M | 0.39% | 483,973 | Common | SOLE |
| 53680QAA6 | LARCN 1.75 01/15/27 | LITHIUM ARGENTINA AG | $4.6M | 0.37% | 5,095 | Common | SOLE |
| 767292AA3 | — | RIOT PLATFORMS | $4.6M | 0.37% | 3,000 | Common | SOLE |
| 565788106 | MARA | MARA HOLDINGS INC | $4.6M | 0.37% | 250,000 | CALL | SOLE |
| G86652115 | TLNCU | TALON CAP CORP | $4.5M | 0.37% | 450,000 | Common | SOLE |
| 683712103 | OPEN | OPENDOOR TECHNOLOGIES INC | $4.4M | 0.36% | 550,000 | PUT | SOLE |
| 374276AJ2 | ABEGET 9.75 03/01/27 144A | GETTY IMAGES INC | $4.4M | 0.36% | 4,600 | Common | SOLE |
| 64110Y108 | NLOP | NET LEASE OFFICE PROPERTIES | $4.3M | 0.35% | 144,800 | Common | SOLE |
| 464288752 | ITB | ISHARES TR | $4.3M | 0.35% | 40,000 | CALL | SOLE |
| 81752R100 | SRG | SERITAGE GROWTH PPTYS | $4.3M | 0.35% | 1,000,000 | Common | SOLE |
| G2851K120 | DMIIU | DRUGS MADE IN AMER ACQ II CO | $4.2M | 0.34% | 426,507 | Common | SOLE |
| 55024UAF6 | LITE 0.5 06/15/28 | LUMENTUM HLDGS INC | $4.2M | 0.34% | 3,000 | Common | SOLE |
| 024061103 | DCH | AMERICAN AXLE MFG HLDGS IN | $4.2M | 0.34% | 696,786 | Common | SOLE |
| 03831W108 | APP | APPLOVIN CORP | $4.2M | 0.34% | 5,788 | Common | SOLE |
| 09175RAB6 | BTDR | BITDEER TECHNO | $4.1M | 0.33% | 3,000 | Common | SOLE |
| G2254C121 | CCII | COHEN CIRCLE ACQUISIT CORP I | $4.1M | 0.33% | 400,000 | Common | SOLE |
| 55405YAC4 | — | MA-COM TECH | $4.1M | 0.33% | 4,000 | Common | SOLE |
| 44955LAA4 | IAUCN | I-80 GOLD CORP | $4.0M | 0.32% | 4,000 | Common | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $4.0M | 0.32% | 40,000 | CALL | SOLE |
| 90353T100 | UBER | UBER TECHNOLOGIES INC | $4.0M | 0.32% | 40,430 | Common | SOLE |
| 74346YAG8 | PRO 2.25 09/15/27 | PROS HOLDINGS INC | $4.0M | 0.32% | 4,000 | Common | SOLE |
| 75508B104 | RYAM | RAYONIER ADVANCED MATLS INC | $3.9M | 0.32% | 542,720 | Common | SOLE |
| 91688FAB0 | UPWK 0.25 08/15/26 | UPWORK INC | $3.9M | 0.32% | 4,000 | Common | SOLE |
| 698884AE3 | PAR 1.5 10/15/27 | PAR TECHNOLOGY CORP | $3.9M | 0.31% | 4,000 | Common | SOLE |
| 70614W100 | PTON | PELOTON INTERACTIVE INC | $3.9M | 0.31% | 429,369 | Common | SOLE |
| 33835LAA3 | FVRR 0 11/01/25 | FIVERR INTL LTD | $3.7M | 0.30% | 3,750 | Common | SOLE |
| 87975H100 | TIXT | TELUS INTL CDA INC | $3.6M | 0.29% | 806,090 | Common | SOLE |
| G0273J101 | AEXA | AMERICAN EXCEPTIONALISM ACQU | $3.6M | 0.29% | 330,235 | Common | SOLE |
| G4405D107 | HVII | HENNESSY CAP INVT CORP VII | $3.6M | 0.29% | 352,579 | Common | SOLE |
| 110448107 | BTI | BRITISH AMERN TOB PLC | $3.5M | 0.28% | 65,356 | Common | SOLE |
| 92189F791 | GDXJ | VANECK ETF TRUST | $3.5M | 0.28% | 35,000 | PUT | SOLE |
| 83418M103 | SEI | SOLARIS ENERGY INFRAS INC | $3.4M | 0.28% | 85,000 | CALL | SOLE |
| 55306NAB0 | MKSI 1.25 06/01/30 | MKS INC. | $3.3M | 0.27% | 3,000 | Common | SOLE |
| 02079K107 | GOOG | ALPHABET INC | $3.3M | 0.27% | 13,500 | Common | SOLE |
| 77311W101 | RKT | ROCKET COS INC | $3.2M | 0.26% | 165,000 | PUT | SOLE |
| 62482R107 | 07WA | MR COOPER GROUP INC | $3.2M | 0.26% | 15,000 | Common | SOLE |
| 822538AH7 | SHLFDI 9.625 04/15/29 144A | SHELF DRILL HOLD LTD | $3.1M | 0.26% | 3,000 | Common | SOLE |
| 00217DAC4 | ASTS | AST SPACEMOBILE INC | $3.1M | 0.25% | 3,000 | Common | SOLE |
| 39818P799 | PKST | PEAKSTONE REALTY TRUST | $3.1M | 0.25% | 237,403 | Common | SOLE |
| G2003N105 | BEAG | BOLD EAGLE ACQUISITION CORP | $3.1M | 0.25% | 299,415 | Common | SOLE |
| 501812AC5 | LCII | LCI INDUSTRIES | $3.1M | 0.25% | 3,000 | Common | SOLE |
| G0701G125 | BDCIU | BTC DEV CORP | $3.0M | 0.25% | 300,000 | Common | SOLE |
| G4365E103 | HCMA | HCM III ACQUISITION CORP | $3.0M | 0.25% | 300,000 | Common | SOLE |
| G3934V109 | GENI | GENIUS SPORTS LIMITED | $3.0M | 0.24% | 240,761 | Common | SOLE |
| 698884103 | PAR | PAR TECHNOLOGY CORP | $3.0M | 0.24% | 75,132 | Common | SOLE |
| 74022D407 | PDS | PRECISION DRILLING CORP | $2.9M | 0.24% | 51,600 | Common | SOLE |
| 40131MAB5 | GH 0 11/15/27 | GUARDANT HEALTH INC | $2.9M | 0.23% | 3,000 | Common | SOLE |
| 681919106 | OMC | OMNICOM GROUP INC | $2.9M | 0.23% | 35,000 | CALL | SOLE |
| G3R25N124 | LATAU | GALATA ACQUISITION CORP II | $2.8M | 0.23% | 282,100 | Common | SOLE |
| G5093B105 | JENA | JENA ACQUISITION CORP II | $2.8M | 0.23% | 275,000 | Common | SOLE |
| 35909D109 | FYBR | FRONTIER COMMUNICATIONS PARE | $2.7M | 0.22% | 71,074 | Common | SOLE |
| G1051H101 | TACO | BERTO ACQUISITION CORP | $2.7M | 0.22% | 255,204 | Common | SOLE |
| 53626N102 | LION | LIONSGATE STUDIOS CORP | $2.6M | 0.21% | 380,785 | Common | SOLE |
| 06849F108 | B | BARRICK MNG CORP | $2.6M | 0.21% | 79,845 | Common | SOLE |
| 46136UAC7 | IVQUCN 9.75 12/30/27 | INVESQUE INC | $2.6M | 0.21% | 2,527 | Common | SOLE |
| G1828E100 | CEPF | CANTOR EQUITY PARTNERS IV IN | $2.6M | 0.21% | 252,641 | Common | SOLE |
| 36317GAA4 | GLXYLP 3 12/15/26 | GALAXY DIG HO LP | $2.6M | 0.21% | 2,000 | Common | SOLE |
| 351858105 | FNV | FRANCO NEV CORP | $2.6M | 0.21% | 11,500 | Common | SOLE |
| 87422Q109 | TLN | TALEN ENERGY CORP | $2.6M | 0.21% | 6,000 | Common | SOLE |
| G7010A129 | PMTR | PERIMETER ACQUISITION CORP I | $2.5M | 0.20% | 247,237 | Common | SOLE |
| G47875102 | IPCX | INFLECTION PT ACQUISITION CO | $2.5M | 0.20% | 248,066 | Common | SOLE |
| 65341BAD8 | XIFR | NEXTERA ENGY PTR | $2.5M | 0.20% | 2,500 | Common | SOLE |
| G9675P102 | WLAC | WILLOW LANE ACQUISITION CORP | $2.3M | 0.19% | 196,853 | Common | SOLE |
| G4375F108 | HYAC | HAYMAKER ACQUISITION CORP IV | $2.3M | 0.18% | 199,800 | Common | SOLE |
| G7257A105 | PCAP | PROCAP ACQUISITION CORP | $2.2M | 0.18% | 217,301 | Common | SOLE |
| G2868C103 | DAAQ | DIGITAL ASSET ACQUISITION CO | $2.2M | 0.18% | 218,397 | Common | SOLE |
| 25609L105 | DCBO | DOCEBO INC | $2.2M | 0.18% | 79,910 | Common | SOLE |
| 918204108 | VFC | V F CORP | $2.2M | 0.17% | 149,100 | Common | SOLE |
| G17564108 | CRAQ | CAL REDWOOD ACQUISITION CORP | $2.2M | 0.17% | 215,031 | Common | SOLE |
| 80013R206 | AYS1 | SANDSTORM GOLD LTD | $2.1M | 0.17% | 170,000 | Common | SOLE |
| 46428Q109 | SLV | ISHARES SILVER TR | $2.1M | 0.17% | 50,000 | PUT | SOLE |
| 023135106 | AMZN | AMAZON COM INC | $2.1M | 0.17% | 9,508 | Common | SOLE |
| 39525U107 | GFR | GREENFIRE RES LTD NEW | $2.1M | 0.17% | 447,600 | Common | SOLE |
| 63861CAG4 | COOP | NATIONSTAR MTG HLD INC | $2.1M | 0.17% | 2,000 | Common | SOLE |
| G6717R104 | OACC | OAKTREE ACQUISITION CORP III | $2.1M | 0.17% | 195,292 | Common | SOLE |
| G9R39C103 | WENN | WEN ACQUISITION CORP | $2.1M | 0.17% | 202,663 | Common | SOLE |
| 38071H122 | GROY/WS | GOLD ROYALTY CORP | $2.1M | 0.17% | 1,145,422 | Common | SOLE |
| G7515A103 | RDAG | REPUBLIC DIGITAL ACQUISITION | $2.0M | 0.17% | 200,000 | Common | SOLE |
| 50212V100 | LPLA | LPL FINL HLDGS INC | $2.0M | 0.17% | 6,115 | Common | SOLE |
| G8377R101 | SVAC | SPRING VY ACQUISITION CORP I | $2.0M | 0.16% | 200,000 | Common | SOLE |
| G0R78B122 | BCSS/U | BAIN CAP GSS INVT CORP | $2.0M | 0.16% | 200,000 | Common | SOLE |
| G3037D121 | — | EMMIS ACQUISITION CORP. | $2.0M | 0.16% | 197,553 | Common | SOLE |
| 13321L108 | CCJ | CAMECO CORP | $1.9M | 0.16% | 23,000 | Common | SOLE |
| 08265TAD1 | BSY 0.375 07/01/27 | BENTLEY SYS INC | $1.9M | 0.15% | 2,000 | Common | SOLE |
| 698884103 | PAR | PAR TECHNOLOGY CORP | $1.9M | 0.15% | 47,000 | CALL | SOLE |
| 21874A114 | CORZW | CORE SCIENTIFIC INC NEW | $1.8M | 0.15% | 158,192 | Common | SOLE |
| G5509P102 | LOKV | LIVE OAK ACQUISITION CORP V | $1.8M | 0.15% | 178,100 | Common | SOLE |
| G3106N109 | FTW | EQV VENTURES ACQUISITION COR | $1.8M | 0.15% | 173,140 | Common | SOLE |
| 21874A106 | CORZ | CORE SCIENTIFIC INC NEW | $1.8M | 0.15% | 100,000 | CALL | SOLE |
| G1828A108 | CAEP | CANTOR EQUITY PARTNERS III I | $1.7M | 0.14% | 163,822 | Common | SOLE |
| G6363K106 | — | NABORS ENERGY TRANSITION COR | $1.7M | 0.14% | 150,000 | Common | SOLE |
| 458140100 | INTC | INTEL CORP | $1.7M | 0.14% | 50,000 | CALL | SOLE |
| 880770102 | TER | TERADYNE INC | $1.7M | 0.13% | 12,000 | Common | SOLE |
| 05722G100 | BKR | BAKER HUGHES COMPANY | $1.6M | 0.13% | 33,000 | CALL | SOLE |
| G5331N119 | KYIVW | KYIVSTAR GROUP LTD | $1.6M | 0.13% | 395,441 | Common | SOLE |
| G1827P106 | CEPT | CANTOR EQUITY PARTNERS II IN | $1.6M | 0.13% | 150,938 | Common | SOLE |
| G2086N113 | CHECU | CHENGHE ACQUISITION III CO | $1.6M | 0.13% | 156,706 | Common | SOLE |
| G7490F101 | RTAC | RENATUS TACTICAL ACQUIS | $1.5M | 0.12% | 134,710 | Common | SOLE |
| 46187W107 | INVH | INVITATION HOMES INC | $1.5M | 0.12% | 50,000 | PUT | SOLE |
| G5490M118 | LWACU | LIGHTWAVE ACQUISITION CORP | $1.5M | 0.12% | 144,300 | Common | SOLE |
| 92919F103 | VOXR | VOX ROYALTY CORP | $1.4M | 0.11% | 317,500 | Common | SOLE |
| 339750101 | FND | FLOOR DECOR HLDGS INC | $1.4M | 0.11% | 18,500 | Common | SOLE |
| 668771116 | GENVR | GEN DIGITAL INC | $1.4M | 0.11% | 184,274 | Common | SOLE |
| 13766HAA7 | CBSTCN 9.25 12/31/28 | CANNABIST CO HLDGS INC | $1.3M | 0.11% | 2,000 | Common | SOLE |
| 91917A207 | WGMI | VALKYRIE ETF TRUST II | $1.3M | 0.11% | 30,000 | CALL | SOLE |
| 73931J109 | AIOT | POWERFLEET INC | $1.3M | 0.11% | 250,000 | Common | SOLE |
| 75734B100 | RDDT | REDDIT INC | $1.3M | 0.10% | 5,481 | Common | SOLE |
| G21301109 | CCIX | CHURCHILL CAPITAL CORP IX | $1.2M | 0.10% | 114,350 | Common | SOLE |
| G04537109 | ATII | ARCHIMEDES TECH SPAC PARTNER | $1.2M | 0.09% | 113,670 | Common | SOLE |
| 03990B101 | ARES | ARES MANAGEMENT CORPORATION | $1.1M | 0.09% | 7,000 | CALL | SOLE |
| 69007J304 | OUT | OUTFRONT MEDIA INC | $1.1M | 0.09% | 60,435 | Common | SOLE |
| G7633M104 | DRDB | ROMAN DBDR ACQUISITION CORP | $1.1M | 0.09% | 107,090 | Common | SOLE |
| G4002F109 | GTEN | GORES HLDGS X INC | $1.1M | 0.09% | 102,849 | Common | SOLE |
| G9675P110 | — | WILLOW LANE ACQUISITION CORP | $1.0M | 0.09% | 374,374 | Common | SOLE |
| 15853BAA9 | CIACN | CHAMPION IRON CANADA INC | $1.0M | 0.08% | 1,000 | Common | SOLE |
| G6757R105 | ONCH | 1RT ACQUISITION CORP. | $1.0M | 0.08% | 100,000 | Common | SOLE |
| 26873J107 | EMX | EMX RTY CORP | $1.0M | 0.08% | 201,488 | Common | SOLE |
| G63221124 | MBVIU | M3-BRIGADE ACQUISITION VI CO | $1.0M | 0.08% | 100,000 | Common | SOLE |
| G8193F109 | SZZL | SIZZLE ACQUISITION CORP. II | $1.0M | 0.08% | 100,000 | Common | SOLE |
| G5304D106 | KCHV | KOCHAV DEFENSE ACQUI CO | $1.0M | 0.08% | 100,000 | Common | SOLE |
| G8192J102 | SPEG | SILVER PEGASUS ACQUISITION C | $997,000 | 0.08% | 100,000 | Common | SOLE |
| G1368E106 | BLUW | BLUE WTR ACQUISITION CORP. I | $996,000 | 0.08% | 100,000 | Common | SOLE |
| M87915274 | TSEM | TOWER SEMICONDUCTOR LTD | $976,918 | 0.08% | 13,512 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $906,413 | 0.07% | 1,750 | Common | SOLE |
| G1890L107 | CPRI | CAPRI HOLDINGS LIMITED | $823,831 | 0.07% | 41,357 | Common | SOLE |
| 67066G104 | NVDA | NVIDIA CORPORATION | $746,320 | 0.06% | 4,000 | Common | SOLE |
| 65290E101 | NXT | NEXTRACKER INC | $739,900 | 0.06% | 10,000 | Common | SOLE |
| 339750101 | FND | FLOOR DECOR HLDGS INC | $737,000 | 0.06% | 10,000 | CALL | SOLE |
| 729640102 | PLYM | PLYMOUTH INDL REIT INC | $714,560 | 0.06% | 32,000 | Common | SOLE |
| G98659116 | MCGA | YORKVILLE ACQUISITION CORP. | $692,900 | 0.06% | 65,000 | Common | SOLE |
| 156727109 | CRNC | CERENCE INC | $674,323 | 0.05% | 54,119 | Common | SOLE |
| 00130H105 | AES | AES CORP | $658,000 | 0.05% | 50,000 | PUT | SOLE |
| 82835W108 | SPRY | ARS PHARMACEUTICALS INC | $635,160 | 0.05% | 63,200 | CALL | SOLE |
| 343412102 | FLR | FLUOR CORP NEW | $631,050 | 0.05% | 15,000 | CALL | SOLE |
| 773903109 | ROK | ROCKWELL AUTOMATION INC | $611,677 | 0.05% | 1,750 | Common | SOLE |
| 185899101 | CLF | CLEVELAND-CLIFFS INC NEW | $610,000 | 0.05% | 50,000 | CALL | SOLE |
| G2130T108 | INFQ | CHURCHILL CAP CORP X | $608,664 | 0.05% | 47,330 | Common | SOLE |
| 44955L155 | IAUX/WS | I-80 GOLD CORP | $607,500 | 0.05% | 1,350,000 | Common | SOLE |
| 858119100 | STLD | STEEL DYNAMICS INC | $557,720 | 0.05% | 4,000 | Common | SOLE |
| 858155203 | GJB | STEELCASE INC | $538,738 | 0.04% | 31,322 | Common | SOLE |
| G5451A103 | LEGT | LEGATO MERGER CORP III | $534,294 | 0.04% | 49,748 | Common | SOLE |
| 92512J106 | VBNK | VERSABANK NEW | $518,949 | 0.04% | 42,502 | Common | SOLE |
| 549498202 | LCID | LUCID GROUP INC | $491,454 | 0.04% | 20,658 | Common | SOLE |
| 58933Y105 | MRK | MERCK CO INC | $477,058 | 0.04% | 5,684 | Common | SOLE |
| 43300A203 | HLT | HILTON WORLDWIDE HLDGS INC | $471,662 | 0.04% | 1,818 | Common | SOLE |
| G1890L107 | CPRI | CAPRI HOLDINGS LIMITED | $398,400 | 0.03% | 20,000 | CALL | SOLE |
| G16234109 | — | BROOKFIELD BUSINESS PARTNERS | $397,155 | 0.03% | 8,700 | Common | SOLE |
| 35671D857 | FCX | FREEPORT-MCMORAN INC | $392,200 | 0.03% | 10,000 | CALL | SOLE |
| 70932M107 | PFSI | PENNYMAC FINL SVCS INC NEW | $371,888 | 0.03% | 3,002 | Common | SOLE |
| 006212104 | ADX | ADAMS DIVERSIFIED EQUITY FD | $368,396 | 0.03% | 16,520 | Common | SOLE |
| 758750103 | RRX | REGAL REXNORD CORPORATION | $358,026 | 0.03% | 2,496 | Common | SOLE |
| 72703X114 | PL | PLANET LABS PBC | $357,000 | 0.03% | 100,000 | Common | SOLE |
| 72919P202 | PLUG | PLUG POWER INC | $349,500 | 0.03% | 150,000 | Common | SOLE |
| 00510N102 | TIC | ACUREN CORP | $332,750 | 0.03% | 25,000 | Common | SOLE |
| 92835K103 | VPG | VISHAY PRECISION GROUP INC | $320,500 | 0.03% | 10,000 | Common | SOLE |
| 780910105 | RVT | ROYCE SMALL CAP TRUST INC | $319,971 | 0.03% | 19,837 | Common | SOLE |
| 00326W106 | ASGI | ABRDN GLOBAL INFRA INCOME FU | $316,950 | 0.03% | 15,000 | Common | SOLE |
| 09251A104 | BDJ | BLACKROCK ENHANCED EQUITY DI | $300,484 | 0.02% | 32,984 | Common | SOLE |
| 25065A502 | DMA | DESTRA MULTI-ALTERNATIVE FD | $299,886 | 0.02% | 34,709 | Common | SOLE |
| 690370101 | BBBY | BED BATH BEYOND INC | $293,700 | 0.02% | 30,000 | CALL | SOLE |
| 549498202 | LCID | LUCID GROUP INC | $285,480 | 0.02% | 12,000 | CALL | SOLE |
| 289074106 | ECF | ELLSWORTH GROWTH INCOME FD | $275,906 | 0.02% | 23,785 | Common | SOLE |
| 655844108 | NSC | NORFOLK SOUTHN CORP | $270,369 | 0.02% | 900 | Common | SOLE |
| 500081112 | KDKRW | KODIAK AI INC. | $269,779 | 0.02% | 252,130 | Common | SOLE |
| G3106N117 | FTW | EQV VENTURES ACQUISITION COR | $264,078 | 0.02% | 528,157 | Common | SOLE |
| 65345N114 | NNAVW | NEXTNAV INC | $260,113 | 0.02% | 48,080 | Common | SOLE |
| G1169T138 | BACQR | BLEICHROEDER ACQUISITION COR | $250,580 | 0.02% | 368,500 | Common | SOLE |
| 09256A109 | CII | BLACKROCK ENHANCED LARGE CAP | $245,686 | 0.02% | 10,682 | Common | SOLE |
| 185899101 | CLF | CLEVELAND-CLIFFS INC NEW | $244,000 | 0.02% | 20,000 | Common | SOLE |
| 691543847 | OXLC | OXFORD LANE CAP CORP | $217,855 | 0.02% | 12,868 | Common | SOLE |
| G2254C113 | CCIIW | COHEN CIRCLE ACQUISIT CORP I | $213,290 | 0.02% | 304,700 | Common | SOLE |
| 880198205 | SABA | SABA CAPITAL INCOME OPPORT | $209,760 | 0.02% | 23,000 | Common | SOLE |
| G47875110 | IPCXR | INFLECTION PT ACQUISITION CO | $208,193 | 0.02% | 473,166 | Common | SOLE |
| G83752116 | — | SPRING VALLEY ACQUISTN CORP | $207,011 | 0.02% | 159,239 | Common | SOLE |
| 75508B104 | RYAM | RAYONIER ADVANCED MATLS INC | $202,160 | 0.02% | 28,000 | CALL | SOLE |
| 19249X108 | PTA | COHEN STEERS TAX ADVAN PFD | $200,100 | 0.02% | 9,804 | Common | SOLE |
| G93Y09115 | VCICW | VINE HILL CAP INVT CORP. | $200,000 | 0.02% | 125,000 | Common | SOLE |
| G2130T116 | INFQ/WS | CHURCHILL CAP CORP X | $195,250 | 0.02% | 55,000 | Common | SOLE |
| 29103K118 | FLDDW | FOLD HLDGS INC | $190,390 | 0.02% | 380,780 | Common | SOLE |
| 95058W100 | WEN | WENDYS CO | $183,200 | 0.01% | 20,000 | CALL | SOLE |
| 269817102 | EIC | EAGLE POINT INCOME COMPANY I | $169,233 | 0.01% | 12,573 | Common | SOLE |
| G4405D115 | HVIIR | HENNESSY CAP INVT CORP VII | $163,655 | 0.01% | 606,131 | Common | SOLE |
| G8316B118 | SPKLW | SPARK I ACQUISITION CORP | $156,132 | 0.01% | 260,220 | Common | SOLE |
| G01558124 | ALDFW | ALDEL FINL II INC | $152,327 | 0.01% | 298,680 | Common | SOLE |
| G8431T119 | SIMAW | SIM ACQUISITION CORP. I | $146,177 | 0.01% | 395,072 | Common | SOLE |
| 015658115 | ASTLW | ALGOMA STL GROUP INC | $138,176 | 0.01% | 690,879 | Common | SOLE |
| G2003N121 | BEAGR | BOLD EAGLE ACQUISITION CORP | $135,245 | 0.01% | 500,907 | Common | SOLE |
| G5451A111 | LEGT/WS | LEGATO MERGER CORP III | $132,294 | 0.01% | 377,983 | Common | SOLE |
| 27901F109 | XTEAX | TORTOISE SUSTAINABLE SOCIA | $130,759 | 0.01% | 11,119 | Common | SOLE |
| 36170N115 | GCTS/WS | GCT SEMICONDUCTOR HLDG INC | $129,787 | 0.01% | 683,091 | Common | SOLE |
| G2868C111 | DAAQW | DIGITAL ASSET ACQUISITION CO | $112,000 | 0.01% | 200,000 | Common | SOLE |
| 83085C115 | SKYH/WS | SKY HARBOUR GROUP CORPORATIO | $111,165 | 0.01% | 73,619 | Common | SOLE |
| 38387Q113 | PEW/WS | GRABAGUN DIGITAL HLDGS INC | $109,508 | 0.01% | 87,606 | Common | SOLE |
| G20315118 | ALFUW | CENTURION ACQUISITION CORP | $108,851 | 0.01% | 320,150 | Common | SOLE |
| 42968F108 | PCF | HIGH INCOME SECS FD | $106,153 | 0.01% | 16,717 | Common | SOLE |
| G6363K114 | — | NABORS ENERGY TRANSITION COR | $105,163 | 0.01% | 375,583 | Common | SOLE |
| G1051H119 | TACOW | BERTO ACQUISITION CORP | $102,020 | 0.01% | 152,268 | Common | SOLE |
| G5S87A113 | LPBBW | LAUNCH TWO ACQUISITION CORP. | $99,143 | 0.01% | 267,954 | Common | SOLE |
| G04537125 | ATIIW | ARCHIMEDES TECH SPAC PARTNER | $90,963 | 0.01% | 259,895 | Common | SOLE |
| G5501C117 | CUBWW | LIONHEART HOLDINGS | $89,649 | 0.01% | 358,596 | Common | SOLE |
| G9008W113 | TDACW | TRANSLATIONAL DEV ACQUISITIO | $85,750 | 0.01% | 295,689 | Common | SOLE |
| G32901129 | FACTW | FACT II ACQUISITION CORP | $82,615 | 0.01% | 295,053 | Common | SOLE |
| G7515A129 | RDAGW | REPUBLIC DIGITAL ACQUISITION | $78,694 | 0.01% | 121,067 | Common | SOLE |
| G4002F125 | GTENW | GORES HLDGS X INC | $76,727 | 0.01% | 100,956 | Common | SOLE |
| G7010A111 | PMTRW | PERIMETER ACQUISITION CORP I | $74,171 | 0.01% | 123,618 | Common | SOLE |
| G17564116 | CRAQR | CAL REDWOOD ACQUISITION CORP | $71,774 | 0.01% | 326,246 | Common | SOLE |
| G7490F127 | RTACW | RENATUS TACTICAL ACQUIS | $71,296 | 0.01% | 59,413 | Common | SOLE |
| G75751118 | RAC/WS | RITHM ACQUISITION CORP | $70,760 | 0.01% | 116,000 | Common | SOLE |
| 12664M111 | NOEMW | CO2 ENERGY TRANSITION CORP | $69,528 | 0.01% | 408,991 | Common | SOLE |
| G6004G118 | MACIW | MELAR ACQUISITION CORP. I | $66,354 | 0.01% | 414,711 | Common | SOLE |
| G24979117 | CHACR | CRANE HBR ACQUISITION CORP | $65,228 | 0.01% | 210,413 | Common | SOLE |
| 98944F117 | ZEOWW | ZEO ENERGY CORP | $63,877 | 0.01% | 1,277,536 | Common | SOLE |
| G5093B113 | JENA-R | JENA ACQUISITION CORP II | $62,547 | 0.01% | 312,735 | Common | SOLE |
| G9R39C111 | WENNW | WEN ACQUISITION CORP | $62,237 | 0.01% | 113,158 | Common | SOLE |
| G2616F119 | BCARW | D. BORAL ARC ACQ I CORP. | $59,769 | 0.00% | 271,677 | Common | SOLE |
| G8475V111 | SVCCW | STELLAR V CAP CORP | $57,786 | 0.00% | 169,960 | Common | SOLE |
| G6301B127 | MLACR | MOUNTAIN LAKE ACQUISITION CO | $54,742 | 0.00% | 364,949 | Common | SOLE |
| G4036C122 | GRAF/WS | GRAF GLOBAL CORP | $53,677 | 0.00% | 162,657 | Common | SOLE |
| G7633M112 | DRDBW | ROMAN DBDR ACQUISITION CORP | $52,833 | 0.00% | 103,595 | Common | SOLE |
| G5509P110 | LOKVW | LIVE OAK ACQUISITION CORP V | $52,500 | 0.00% | 125,000 | Common | SOLE |
| G7257A121 | PCAPW | PROCAP ACQUISITION CORP | $50,061 | 0.00% | 77,017 | Common | SOLE |
| G83752132 | SVIRF | SPRING VALLEY ACQUISTN CORP | $49,036 | 0.00% | 94,300 | Common | SOLE |
| G5S86M126 | LPAAW | LAUNCH ONE ACQUISITION CORP | $47,092 | 0.00% | 204,746 | Common | SOLE |
| G8377R119 | SVACW | SPRING VY ACQUISITION CORP I | $46,666 | 0.00% | 66,666 | Common | SOLE |
| G98659124 | MCGAW | YORKVILLE ACQUISITION CORP. | $46,000 | 0.00% | 38,333 | Common | SOLE |
| G6439S117 | NTWOW | NEWBURY STR II ACQUISITION C | $45,600 | 0.00% | 198,260 | Common | SOLE |
| G3106Q128 | EVAC/WS | EQV VENTURES AC CORP. II | $45,452 | 0.00% | 189,383 | Common | SOLE |
| 12664M129 | NOEMR | CO2 ENERGY TRANSITION CORP | $42,949 | 0.00% | 178,954 | Common | SOLE |
| G6486E110 | NHICW | NEWHOLD INVT CORP III | $42,791 | 0.00% | 118,865 | Common | SOLE |
| G8901A111 | TACHW | TITAN ACQUISITION CORP | $40,995 | 0.00% | 136,650 | Common | SOLE |
| G63369113 | MRNOW | MURANO GLOBAL INVTS PLC | $37,821 | 0.00% | 252,143 | Common | SOLE |
| 092667112 | SRTA | STRATA CRITICAL MEDICAL INC | $36,809 | 0.00% | 175,280 | Common | SOLE |
| 64107A113 | NPWR/WS | NET POWER INC | $34,636 | 0.00% | 46,181 | Common | SOLE |
| G9877L115 | CHARR | CHARLTON ARIA ACQUISITION CO | $34,515 | 0.00% | 191,752 | Common | SOLE |
| G4992A136 | JACS-R | JACKSON ACQUISITION CO II | $34,000 | 0.00% | 136,000 | Common | SOLE |
| 64190A103 | XNROX | NEUBERGER BERMAN REAL ESTATE | $33,592 | 0.00% | 10,400 | Common | SOLE |
| 36831E108 | GCMG | GCM GROSVENOR INC | $31,683 | 0.00% | 59,780 | Common | SOLE |
| G4035N129 | GPATW | GP-ACT III ACQUISITION CORP | $31,667 | 0.00% | 121,798 | Common | SOLE |
| G38648120 | GIGGW | GIGCAPITAL7 CORP | $31,405 | 0.00% | 69,790 | Common | SOLE |
| G6717R112 | OACCW | OAKTREE ACQUISITION CORP III | $29,294 | 0.00% | 39,058 | Common | SOLE |
| G8193F133 | SZZLR | SIZZLE ACQUISITION CORP. II | $27,589 | 0.00% | 153,273 | Common | SOLE |
| G8192J136 | SPEGR | SILVER PEGASUS ACQUISITION C | $25,000 | 0.00% | 100,000 | Common | SOLE |
| G0509J123 | AACBR | ARTIUS II ACQUISITION INC | $24,641 | 0.00% | 112,006 | Common | SOLE |
| G2296A117 | — | COLUMBUS CIRCLE CAP CORP. I | $23,244 | 0.00% | 19,370 | Common | SOLE |
| G6757R113 | ONCHW | 1RT ACQUISITION CORP. | $22,250 | 0.00% | 25,000 | Common | SOLE |
| G5304D114 | KCHVR | KOCHAV DEFENSE ACQUI CO | $22,000 | 0.00% | 100,000 | Common | SOLE |
| 67190B112 | — | OAK WOODS ACQUISITION CORP | $20,014 | 0.00% | 500,340 | Common | SOLE |
| G1000R127 | AAM | AA MISSION ACQUISITION CORP | $20,000 | 0.00% | 125,000 | Common | SOLE |
| G38268119 | TGE | GENERATION ESSENTIALS GROUP | $16,888 | 0.00% | 129,911 | Common | SOLE |
| G52258129 | KFIIR | KF GROWTH ACQUISITION CORP | $15,434 | 0.00% | 118,722 | Common | SOLE |
| 693489114 | VEEAW | VEEA INC | $12,746 | 0.00% | 182,090 | Common | SOLE |
| G52443127 | KVACW | KEEN VISION ACQUISITION CORP | $12,275 | 0.00% | 204,578 | Common | SOLE |
| 60783XAA2 | MODV | MODIVCARE | $11,870 | 0.00% | 2,000 | Common | SOLE |
| G0223V121 | ATMCW | ALPHATIME ACQUISITION CORP | $9,912 | 0.00% | 141,606 | Common | SOLE |
| 98400V119 | XBPEW | XBP GLOBAL HOLDINGS INC | $9,332 | 0.00% | 233,305 | Common | SOLE |
| G2124S116 | CHPGR | CHAMPIONSGATE ACQUISITION CO | $8,161 | 0.00% | 62,780 | Common | SOLE |
| G4375F116 | — | HAYMAKER ACQUISITION CORP IV | $5,000 | 0.00% | 12,500 | Common | SOLE |
| 296424112 | ESHAR | ESH ACQUISITION CORP | $4,557 | 0.00% | 26,807 | Common | SOLE |
| 35088F115 | FORLW | FOUR LEAF ACQUISITION CORP | $2,222 | 0.00% | 55,548 | Common | SOLE |
| G75389117 | RFAIR | RF ACQUISITION CORP II | $1,070 | 0.00% | 13,374 | 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.