K2 Principal Fund, L.P.

TORONTO, A6

$403m in 335 US stocks at the end of 30 June 2026. The top 10 are 20.1% of the money. It changed about 45.4% of the portfolio this quarter.

Value

$403m

Stocks

335

Top 10 share

20.1%

Turnover

45.4%

What changed this quarter

New

Bought for the first time this quarter.

BorgwarnerBWA
1.7% of the fund
Colliers International GroupCIGI
1.6% of the fund
Willow Lane Acquisition Corp. IIWLII
1.1% of the fund
KenvueKVUE
1.1% of the fund
Re/max Hldgs
1.1% of the fund
Ares Acquisition Corp IIIAAC-U
1.0% of the fund
Evolv Technologies HoldingsEVLV
1.0% of the fund
Liberty Live HoldingsLLYVA
1.0% of the fund
ImaxIMAX
0.9% of the fund
Nektar TherapeuticsNKTR
0.9% of the fund
Metals Acquisition Corp. IIMTAL
0.8% of the fund
OTG Acquisition Corp. IOTGA
0.8% of the fund
Keystone AcquisitionKEYY
0.7% of the fund
Inflection Point Acquisition Corp. VIIPFX
0.7% of the fund
Newhold Invts Corp IVNHIVU
0.6% of the fund
Fortress Value Acquisition Corp. VFVAV
0.6% of the fund
EntegrisENTG
0.6% of the fund
Churchill Capital Corp XICCXI
0.6% of the fund
GFL EnvironmentalGFL
0.6% of the fund
Cantor Equity Partners VIICAES
0.6% of the fund
CH4 Natural SolutionsMTNE
0.6% of the fund
Gores Holdings XIGHXIU
0.5% of the fund
Yorkville Intl CAPYICCU
0.5% of the fund
Spartacus Acquisition Corp. IITMTS
0.5% of the fund
KRAKacquisitionKRAQ
0.5% of the fund

Added

Bought more of a stock they already held.

PennyMac Financial ServicesPFSI
3.5% of the fund
+97%
Spdr Gold TRGLD
2.9% of the fund
+120%
SunococorpSUNC
2.1% of the fund
+17%
DauchDCH
1.7% of the fund
+9%
AppLovinAPP
1.4% of the fund
+10%
Archimedes Tech SPAC Partners IIATII
1.4% of the fund
+499%
Cohen Circle Acquisition Corp. IICCII
1.4% of the fund
+33%
Rayonier Advanced MaterialsRYAM
1.2% of the fund
+92%
Norfolk SouthernNSC
1.2% of the fund
+6%
RedditRDDT
1.2% of the fund
+53%
SkyWater TechnologySKYT
1.1% of the fund
+139%
MicrosoftMSFT
1.1% of the fund
+94%
Greenfire ResourcesGFR
1.0% of the fund
+10%
Inflection Point Acquisition Corp. VIIIPXG
1.0% of the fund
+19%
Papa Johns InternationalPZZA
1.0% of the fund
+49%
Oaktree Acquisition Corp. III Life SciencesOACC
1.0% of the fund
+87%
Metalla Royalty & StreamingMTA
0.9% of the fund
+487%
Cantor Equity Partners IVCEPF
0.8% of the fund
+23%
Archimedes Tech SPAC Partners IIIARCI
0.8% of the fund
+3%
American Exceptionalism Acquisition Corp. AAEXA
0.7% of the fund
+28%
Talon CapitalTLNC
0.7% of the fund
+4%
Crane Harbor Acquisition Corp. IICRAN
0.7% of the fund
+162%
HCM III AcquisitionHCMA
0.6% of the fund
+27%
SilviaSVIA
0.6% of the fund
+8%
Cal Redwood AcquisitionCRAQ
0.6% of the fund
+13%

Cut

Sold some of their stake.

AlphabetGOOG
2.3% of the fund
-19%
First SolarFSLR
1.4% of the fund
-28%
Ishares Bitcoin Trust ETFIBIT
1.0% of the fund
-8%
Xponential FitnessXPOF
0.9% of the fund
-10%
uniQureQURE
0.9% of the fund
-34%
Abivax SAABVX
0.8% of the fund
-55%
ARS PharmaceuticalsSPRY
0.7% of the fund
-33%
Infinite Eagle AcquisitionIEAG
0.7% of the fund
-4%
ASML Holding NVASML
0.7% of the fund
-2%
Bold Eagle AcquisitionBEAG
0.7% of the fund
-19%
British American Tobacco p.l.c.BTI
0.6% of the fund
-36%
Brookfield Renewable EnergyBEP
0.6% of the fund
-48%
Amazon.comAMZN
0.5% of the fund
-43%
Space Asset AcquisitionSAAQ
0.5% of the fund
-2%
Colombier Acquisition Corp. IIICLBR
0.5% of the fund
-46%
D. Boral Acquisition IDBCA
0.5% of the fund
-28%
VistraVST
0.5% of the fund
-53%
Element SolutionsESI
0.4% of the fund
-38%
Solstice Advanced MaterialsSOLS
0.3% of the fund
-39%
VOX RoyaltyVOXR
0.3% of the fund
-5%
SilverBox Corp VSBXE
0.3% of the fund
-51%
Kyivstar GroupKYIVW
0.3% of the fund
-31%
FlexFLEX
0.3% of the fund
-63%
Qdro AcquisitionQADRU
0.2% of the fund
-50%
Brookfield Infrastructure PABIP
0.2% of the fund
-28%

Sold out

Sold their entire stake.

Willow Lane Acquisition CRPWLIIU
-100%
Willow Lane AcquisitionWLAC
-100%
General Fusion GroupGFUZ
-100%
Algonquin Power & UtilitiesAQN
-100%
Cantor Equity Partners II IN
-100%
Elemental RoyaltyELE
-100%
Spartacus Acquisition Corp ITMTSU
-100%
Semrush Hldgs
-100%
ProPetro HoldingPUMP
-100%
Cantor Equity Partners III ICAEP
-100%
Berto AcquisitionTACO
-100%
Inflection PT AcquisitIPFXU
-100%
HCM IV AcquisitionHACQU
-100%
Suma AcquisitionSUMAU
-100%
Blue WTR Acquisition Corp IVBWIV-U
-100%
AptivAPTV
-100%
Ishares TRIWM
-100%
ProCap AcquisitionPCAP
-100%
Porch GroupPRCH
-100%
nVent ElectricNVT
-100%
Versamet RoyaltiesVMET
-100%
Genius SportsGENI
-100%
Amentum HoldingsAMTM
-100%
lululemon athleticaLULU
-100%
Mozayyx AcquisitionMZYX-U
-100%

Holdings

PennyMac Financial ServicesPFSI
Share
3.5%
Value
$14m
Shares
159,766
+97%
Spdr Gold TRGLD
Share
2.9%
Value
$12m
Shares
32,180
+120%
AlphabetGOOG
Share
2.3%
Value
$9m
Shares
26,773
-19%
SunococorpSUNC
Share
2.1%
Value
$8m
Shares
122,821
+17%
DauchDCH
Share
1.7%
Value
$7m
Shares
1,297,209
+9%
BorgwarnerBWA
Share
1.7%
Value
$7m
Shares
101,430
New
Colliers International GroupCIGI
Share
1.6%
Value
$7m
Shares
69,557
New
AppLovinAPP
Share
1.4%
Value
$6m
Shares
11,079
+10%
Archimedes Tech SPAC Partners IIATII
Share
1.4%
Value
$6m
Shares
526,227
+499%
First SolarFSLR
Share
1.4%
Value
$6m
Shares
23,500
-28%
Cohen Circle Acquisition Corp. IICCII
Share
1.4%
Value
$5m
Shares
530,739
+33%
Rayonier Advanced MaterialsRYAM
Share
1.2%
Value
$5m
Shares
615,738
+92%
Norfolk SouthernNSC
Share
1.2%
Value
$5m
Shares
14,991
+6%
RedditRDDT
Share
1.2%
Value
$5m
Shares
26,913
+53%
SkyWater TechnologySKYT
Share
1.1%
Value
$5m
Shares
130,705
+139%
Willow Lane Acquisition Corp. IIWLII
Share
1.1%
Value
$4m
Shares
439,328
New
KenvueKVUE
Share
1.1%
Value
$4m
Shares
229,093
New
MicrosoftMSFT
Share
1.1%
Value
$4m
Shares
11,638
+94%
Re/max Hldgs
Share
1.1%
Value
$4m
Shares
434,766
New
Ishares Bitcoin Trust ETFIBIT
Share
1.0%
Value
$4m
Shares
122,542
-8%
Greenfire ResourcesGFR
Share
1.0%
Value
$4m
Shares
720,740
+10%
Inflection Point Acquisition Corp. VIIIPXG
Share
1.0%
Value
$4m
Shares
400,000
+19%
Ares Acquisition Corp IIIAAC-U
Share
1.0%
Value
$4m
Shares
400,000
New
Papa Johns InternationalPZZA
Share
1.0%
Value
$4m
Shares
109,300
+49%
Oaktree Acquisition Corp. III Life SciencesOACC
Share
1.0%
Value
$4m
Shares
365,900
+87%
Evolv Technologies HoldingsEVLV
Share
1.0%
Value
$4m
Shares
663,392
New
Liberty Live HoldingsLLYVA
Share
1.0%
Value
$4m
Shares
37,843
New
Xponential FitnessXPOF
Share
0.9%
Value
$4m
Shares
537,923
-10%
ImaxIMAX
Share
0.9%
Value
$4m
Shares
93,100
New
Metalla Royalty & StreamingMTA
Share
0.9%
Value
$4m
Shares
479,760
+487%
uniQureQURE
Share
0.9%
Value
$4m
Shares
78,601
-34%
Nektar TherapeuticsNKTR
Share
0.9%
Value
$4m
Shares
50,465
New
Metals Acquisition Corp. IIMTAL
Share
0.8%
Value
$3m
Shares
332,197
New
Cantor Equity Partners IVCEPF
Share
0.8%
Value
$3m
Shares
318,199
+23%
Abivax SAABVX
Share
0.8%
Value
$3m
Shares
24,403
-55%
Perimeter Acquisition Corp. IPMTR
Share
0.8%
Value
$3m
Shares
297,237
Held
Archimedes Tech SPAC Partners IIIARCI
Share
0.8%
Value
$3m
Shares
308,333
+3%
OTG Acquisition Corp. IOTGA
Share
0.8%
Value
$3m
Shares
300,000
New
ARS PharmaceuticalsSPRY
Share
0.7%
Value
$3m
Shares
375,132
-33%
DigitalBridge GroupDBRG
Share
0.7%
Value
$3m
Shares
190,000
Held
Core Scientific INC NewCORZW
Share
0.7%
Value
$3m
Shares
158,192
Held
Infinite Eagle AcquisitionIEAG
Share
0.7%
Value
$3m
Shares
288,400
-4%
ASML Holding NVASML
Share
0.7%
Value
$3m
Shares
1,464
-2%
Keystone AcquisitionKEYY
Share
0.7%
Value
$3m
Shares
293,023
New
Seritage Growth PropertiesSRG
Share
0.7%
Value
$3m
Shares
1,081,400
Held
JENA ACQUISITION Corp IIJENA
Share
0.7%
Value
$3m
Shares
273,000
Held
Inflection Point Acquisition Corp. VIIPFX
Share
0.7%
Value
$3m
Shares
271,366
New
American Exceptionalism Acquisition Corp. AAEXA
Share
0.7%
Value
$3m
Shares
237,265
+28%
Talon CapitalTLNC
Share
0.7%
Value
$3m
Shares
260,000
+4%
Bold Eagle AcquisitionBEAG
Share
0.7%
Value
$3m
Shares
250,000
-19%
Crane Harbor Acquisition Corp. IICRAN
Share
0.7%
Value
$3m
Shares
262,019
+162%
HCM III AcquisitionHCMA
Share
0.6%
Value
$3m
Shares
253,936
+27%
SilviaSVIA
Share
0.6%
Value
$3m
Shares
1,675,800
+8%
Newhold Invts Corp IVNHIVU
Share
0.6%
Value
$3m
Shares
250,000
New
OR RoyaltiesOR
Share
0.6%
Value
$3m
Shares
80,000
Held
Fortress Value Acquisition Corp. VFVAV
Share
0.6%
Value
$3m
Shares
250,000
New
Cal Redwood AcquisitionCRAQ
Share
0.6%
Value
$3m
Shares
243,140
+13%
EntegrisENTG
Share
0.6%
Value
$2m
Shares
13,739
New
Churchill Capital Corp XICCXI
Share
0.6%
Value
$2m
Shares
140,403
New
GFL EnvironmentalGFL
Share
0.6%
Value
$2m
Shares
65,300
New
British American Tobacco p.l.c.BTI
Share
0.6%
Value
$2m
Shares
38,000
-36%
QorvoQRVO
Share
0.6%
Value
$2m
Shares
24,836
+72%
Cantor Equity Partners VIICAES
Share
0.6%
Value
$2m
Shares
226,200
New
Brookfield Renewable EnergyBEP
Share
0.6%
Value
$2m
Shares
65,400
-48%
NokiaNOK
Share
0.6%
Value
$2m
Shares
170,300
+387%
CH4 Natural SolutionsMTNE
Share
0.6%
Value
$2m
Shares
227,188
New
Amazon.comAMZN
Share
0.5%
Value
$2m
Shares
9,259
-43%
Royal GoldRGLD
Share
0.5%
Value
$2m
Shares
10,625
Held
Space Asset AcquisitionSAAQ
Share
0.5%
Value
$2m
Shares
207,061
-2%
Net Lease Office PropertiesNLOP
Share
0.5%
Value
$2m
Shares
186,702
+16%
FutureCrest AcquisitionFCRS
Share
0.5%
Value
$2m
Shares
200,872
+101%
Bain Capital GSS InvestmentBCSS
Share
0.5%
Value
$2m
Shares
200,000
Held
Colombier Acquisition Corp. IIICLBR
Share
0.5%
Value
$2m
Shares
200,000
-46%
Viking Acquisition Corp IVACI
Share
0.5%
Value
$2m
Shares
200,301
+18%
EQV Ventures Acquisition Corp. IIEVAC
Share
0.5%
Value
$2m
Shares
200,000
Held
Gores Holdings XIGHXIU
Share
0.5%
Value
$2m
Shares
200,000
New
Yorkville Intl CAPYICCU
Share
0.5%
Value
$2m
Shares
200,000
New
Lam ResearchLRCX
Share
0.5%
Value
$2m
Shares
4,631
+132%
Spartacus Acquisition Corp. IITMTS
Share
0.5%
Value
$2m
Shares
200,000
New
KRAKacquisitionKRAQ
Share
0.5%
Value
$2m
Shares
200,000
New
Irenic AcquisitionIACQ
Share
0.5%
Value
$2m
Shares
200,000
New
General Catalyst Global Resilience MergerGCGR
Share
0.5%
Value
$2m
Shares
198,000
New
D. Boral Acquisition IDBCA
Share
0.5%
Value
$2m
Shares
200,000
-28%
FreenomeFRNM
Share
0.5%
Value
$2m
Shares
182,124
New
Oceanhawk AcquisitionOHAC
Share
0.5%
Value
$2m
Shares
200,000
New
SUMA AcquisitionSUMA
Share
0.5%
Value
$2m
Shares
198,490
New
Bitzero HoldingsAIBZ
Share
0.5%
Value
$2m
Shares
282,631
New
VistraVST
Share
0.5%
Value
$2m
Shares
12,085
-53%
COMPASS PathwaysCMPS
Share
0.5%
Value
$2m
Shares
135,100
New
Franco NevadaFNV
Share
0.4%
Value
$2m
Shares
8,625
Held
KPET Ultra PacelineKPET
Share
0.4%
Value
$2m
Shares
175,998
New
Averin Capital AcquisitionACAA
Share
0.4%
Value
$2m
Shares
162,984
New
MKSMKSI
Share
0.4%
Value
$2m
Shares
3,500
New
Alussa Energy Acquisition Corp. IIALUB
Share
0.4%
Value
$2m
Shares
150,000
Held
HCM IV AcquisitionHACQ
Share
0.4%
Value
$2m
Shares
150,000
New
Karbon Capital PartnersKBON
Share
0.4%
Value
$2m
Shares
148,548
New
Renatus Tactical Acquisition Corp IRTAC
Share
0.4%
Value
$1m
Shares
141,290
+9%
Element SolutionsESI
Share
0.4%
Value
$1m
Shares
30,284
-38%
Churchill Capital Corp XIICXII
Share
0.4%
Value
$1m
Shares
133,130
New
WEN AcquisitionWENN
Share
0.4%
Value
$1m
Shares
137,623
+38%

Company	Share of fund	Value	Shares	Change
PennyMac Financial ServicesPFSI	3.5%	$14m	159,766	+97%
Spdr Gold TRGLD	2.9%	$12m	32,180	+120%
AlphabetGOOG	2.3%	$9m	26,773	-19%
SunococorpSUNC	2.1%	$8m	122,821	+17%
DauchDCH	1.7%	$7m	1,297,209	+9%
BorgwarnerBWA	1.7%	$7m	101,430	New
Colliers International GroupCIGI	1.6%	$7m	69,557	New
AppLovinAPP	1.4%	$6m	11,079	+10%
Archimedes Tech SPAC Partners IIATII	1.4%	$6m	526,227	+499%
First SolarFSLR	1.4%	$6m	23,500	-28%
Cohen Circle Acquisition Corp. IICCII	1.4%	$5m	530,739	+33%
Rayonier Advanced MaterialsRYAM	1.2%	$5m	615,738	+92%
Norfolk SouthernNSC	1.2%	$5m	14,991	+6%
RedditRDDT	1.2%	$5m	26,913	+53%
SkyWater TechnologySKYT	1.1%	$5m	130,705	+139%
Willow Lane Acquisition Corp. IIWLII	1.1%	$4m	439,328	New
KenvueKVUE	1.1%	$4m	229,093	New
MicrosoftMSFT	1.1%	$4m	11,638	+94%
Re/max Hldgs	1.1%	$4m	434,766	New
Ishares Bitcoin Trust ETFIBIT	1.0%	$4m	122,542	-8%
Greenfire ResourcesGFR	1.0%	$4m	720,740	+10%
Inflection Point Acquisition Corp. VIIIPXG	1.0%	$4m	400,000	+19%
Ares Acquisition Corp IIIAAC-U	1.0%	$4m	400,000	New
Papa Johns InternationalPZZA	1.0%	$4m	109,300	+49%
Oaktree Acquisition Corp. III Life SciencesOACC	1.0%	$4m	365,900	+87%
Evolv Technologies HoldingsEVLV	1.0%	$4m	663,392	New
Liberty Live HoldingsLLYVA	1.0%	$4m	37,843	New
Xponential FitnessXPOF	0.9%	$4m	537,923	-10%
ImaxIMAX	0.9%	$4m	93,100	New
Metalla Royalty & StreamingMTA	0.9%	$4m	479,760	+487%
uniQureQURE	0.9%	$4m	78,601	-34%
Nektar TherapeuticsNKTR	0.9%	$4m	50,465	New
Metals Acquisition Corp. IIMTAL	0.8%	$3m	332,197	New
Cantor Equity Partners IVCEPF	0.8%	$3m	318,199	+23%
Abivax SAABVX	0.8%	$3m	24,403	-55%
Perimeter Acquisition Corp. IPMTR	0.8%	$3m	297,237	Held
Archimedes Tech SPAC Partners IIIARCI	0.8%	$3m	308,333	+3%
OTG Acquisition Corp. IOTGA	0.8%	$3m	300,000	New
ARS PharmaceuticalsSPRY	0.7%	$3m	375,132	-33%
DigitalBridge GroupDBRG	0.7%	$3m	190,000	Held
Core Scientific INC NewCORZW	0.7%	$3m	158,192	Held
Infinite Eagle AcquisitionIEAG	0.7%	$3m	288,400	-4%
ASML Holding NVASML	0.7%	$3m	1,464	-2%
Keystone AcquisitionKEYY	0.7%	$3m	293,023	New
Seritage Growth PropertiesSRG	0.7%	$3m	1,081,400	Held
JENA ACQUISITION Corp IIJENA	0.7%	$3m	273,000	Held
Inflection Point Acquisition Corp. VIIPFX	0.7%	$3m	271,366	New
American Exceptionalism Acquisition Corp. AAEXA	0.7%	$3m	237,265	+28%
Talon CapitalTLNC	0.7%	$3m	260,000	+4%
Bold Eagle AcquisitionBEAG	0.7%	$3m	250,000	-19%
Crane Harbor Acquisition Corp. IICRAN	0.7%	$3m	262,019	+162%
HCM III AcquisitionHCMA	0.6%	$3m	253,936	+27%
SilviaSVIA	0.6%	$3m	1,675,800	+8%
Newhold Invts Corp IVNHIVU	0.6%	$3m	250,000	New
OR RoyaltiesOR	0.6%	$3m	80,000	Held
Fortress Value Acquisition Corp. VFVAV	0.6%	$3m	250,000	New
Cal Redwood AcquisitionCRAQ	0.6%	$3m	243,140	+13%
EntegrisENTG	0.6%	$2m	13,739	New
Churchill Capital Corp XICCXI	0.6%	$2m	140,403	New
GFL EnvironmentalGFL	0.6%	$2m	65,300	New
British American Tobacco p.l.c.BTI	0.6%	$2m	38,000	-36%
QorvoQRVO	0.6%	$2m	24,836	+72%
Cantor Equity Partners VIICAES	0.6%	$2m	226,200	New
Brookfield Renewable EnergyBEP	0.6%	$2m	65,400	-48%
NokiaNOK	0.6%	$2m	170,300	+387%
CH4 Natural SolutionsMTNE	0.6%	$2m	227,188	New
Amazon.comAMZN	0.5%	$2m	9,259	-43%
Royal GoldRGLD	0.5%	$2m	10,625	Held
Space Asset AcquisitionSAAQ	0.5%	$2m	207,061	-2%
Net Lease Office PropertiesNLOP	0.5%	$2m	186,702	+16%
FutureCrest AcquisitionFCRS	0.5%	$2m	200,872	+101%
Bain Capital GSS InvestmentBCSS	0.5%	$2m	200,000	Held
Colombier Acquisition Corp. IIICLBR	0.5%	$2m	200,000	-46%
Viking Acquisition Corp IVACI	0.5%	$2m	200,301	+18%
EQV Ventures Acquisition Corp. IIEVAC	0.5%	$2m	200,000	Held
Gores Holdings XIGHXIU	0.5%	$2m	200,000	New
Yorkville Intl CAPYICCU	0.5%	$2m	200,000	New
Lam ResearchLRCX	0.5%	$2m	4,631	+132%
Spartacus Acquisition Corp. IITMTS	0.5%	$2m	200,000	New
KRAKacquisitionKRAQ	0.5%	$2m	200,000	New
Irenic AcquisitionIACQ	0.5%	$2m	200,000	New
General Catalyst Global Resilience MergerGCGR	0.5%	$2m	198,000	New
D. Boral Acquisition IDBCA	0.5%	$2m	200,000	-28%
FreenomeFRNM	0.5%	$2m	182,124	New
Oceanhawk AcquisitionOHAC	0.5%	$2m	200,000	New
SUMA AcquisitionSUMA	0.5%	$2m	198,490	New
Bitzero HoldingsAIBZ	0.5%	$2m	282,631	New
VistraVST	0.5%	$2m	12,085	-53%
COMPASS PathwaysCMPS	0.5%	$2m	135,100	New
Franco NevadaFNV	0.4%	$2m	8,625	Held
KPET Ultra PacelineKPET	0.4%	$2m	175,998	New
Averin Capital AcquisitionACAA	0.4%	$2m	162,984	New
MKSMKSI	0.4%	$2m	3,500	New
Alussa Energy Acquisition Corp. IIALUB	0.4%	$2m	150,000	Held
HCM IV AcquisitionHACQ	0.4%	$2m	150,000	New
Karbon Capital PartnersKBON	0.4%	$2m	148,548	New
Renatus Tactical Acquisition Corp IRTAC	0.4%	$1m	141,290	+9%
Element SolutionsESI	0.4%	$1m	30,284	-38%
Churchill Capital Corp XIICXII	0.4%	$1m	133,130	New
WEN AcquisitionWENN	0.4%	$1m	137,623	+38%

Showing the largest 100 of 335.

Options (50)

Spdr Gold TRGLD
Type
Call
Value
$55m
Contracts
148,600
Spdr Gold TRGLD
Type
Put
Value
$23m
Contracts
62,000
Vaneck ETF TrustGDXJ
Type
Put
Value
$19m
Contracts
195,000
Global X FDSCOPX
Type
Put
Value
$14m
Contracts
180,000
State STR Spdr S&P 500 ETF TSPY
Type
Put
Value
$12m
Contracts
15,900
Ishares Silver TRSLV
Type
Call
Value
$12m
Contracts
217,500
Abivax SAABVX
Type
Call
Value
$11m
Contracts
85,100
Freeport-McMoRanFCX
Type
Put
Value
$11m
Contracts
176,400
Electronic ArtsEA
Type
Put
Value
$10m
Contracts
50,500
Ishares TRIJR
Type
Call
Value
$10m
Contracts
66,000
State STR Spdr S&P 500 ETF TSPY
Type
Call
Value
$8m
Contracts
10,900
T1 EnergyTE
Type
Call
Value
$7m
Contracts
694,500
Ishares TREFA
Type
Put
Value
$6m
Contracts
60,000
Vaneck ETF TrustGDXJ
Type
Call
Value
$6m
Contracts
60,600
United STS Oil FD LPUSO
Type
Call
Value
$5m
Contracts
50,000
Invesco QQQ TRQQQ
Type
Call
Value
$5m
Contracts
7,000
GameStopGME
Type
Put
Value
$4m
Contracts
200,000
DauchDCH
Type
Call
Value
$4m
Contracts
790,300
British American Tobacco p.l.c.BTI
Type
Call
Value
$3m
Contracts
50,000
Core ScientificCORZ
Type
Call
Value
$3m
Contracts
100,000
Global X FDSCOPX
Type
Call
Value
$2m
Contracts
30,000
uniQureQURE
Type
Call
Value
$2m
Contracts
50,000
Teucrium Commodity TRCORN
Type
Call
Value
$2m
Contracts
125,000
Papa Johns InternationalPZZA
Type
Call
Value
$2m
Contracts
55,000
Ishares Silver TRSLV
Type
Put
Value
$2m
Contracts
37,000
TPGTPG
Type
Call
Value
$2m
Contracts
48,000
Xponential FitnessXPOF
Type
Call
Value
$2m
Contracts
271,000
Evolv Technologies HoldingsEVLV
Type
Call
Value
$2m
Contracts
318,900
DanaDAN
Type
Call
Value
$2m
Contracts
67,000
American Exceptionalism Acquisition Corp. AAEXA
Type
Call
Value
$2m
Contracts
154,200
Nektar TherapeuticsNKTR
Type
Call
Value
$2m
Contracts
25,000
WayfairW
Type
Put
Value
$2m
Contracts
17,000
Spdr Series TrustKIE
Type
Put
Value
$2m
Contracts
25,000
Select Sector Spdr TRXLF
Type
Call
Value
$1m
Contracts
25,000
CarvanaCVNA
Type
Call
Value
$1m
Contracts
20,000
BlackstoneBX
Type
Call
Value
$1m
Contracts
11,000
Ishares TRINDA
Type
Put
Value
$1m
Contracts
25,000
Select Sector Spdr TRXLU
Type
Call
Value
$1m
Contracts
25,000
Rayonier Advanced MaterialsRYAM
Type
Call
Value
$1m
Contracts
140,000
ShopifySHOP
Type
Call
Value
$1m
Contracts
9,000
Uber TechnologiesUBER
Type
Call
Value
$1m
Contracts
14,000
Affirm HoldingsAFRM
Type
Call
Value
$978,600
Contracts
12,000
Ishares TRIGV
Type
Call
Value
$906,000
Contracts
10,000
Vale S AVALE
Type
Call
Value
$752,000
Contracts
50,000
MicrosoftMSFT
Type
Call
Value
$746,040
Contracts
2,000
StagwellSTGW
Type
Call
Value
$743,000
Contracts
100,000
IsharesEWY
Type
Put
Value
$706,650
Contracts
3,500
RedditRDDT
Type
Call
Value
$694,320
Contracts
4,000
General MotorsGM
Type
Put
Value
$693,720
Contracts
9,000
Spdr Series TrustCWB
Type
Put
Value
$690,048
Contracts
6,400

Company	Type	Value	Contracts
Spdr Gold TRGLD	Call	$55m	148,600
Spdr Gold TRGLD	Put	$23m	62,000
Vaneck ETF TrustGDXJ	Put	$19m	195,000
Global X FDSCOPX	Put	$14m	180,000
State STR Spdr S&P 500 ETF TSPY	Put	$12m	15,900
Ishares Silver TRSLV	Call	$12m	217,500
Abivax SAABVX	Call	$11m	85,100
Freeport-McMoRanFCX	Put	$11m	176,400
Electronic ArtsEA	Put	$10m	50,500
Ishares TRIJR	Call	$10m	66,000
State STR Spdr S&P 500 ETF TSPY	Call	$8m	10,900
T1 EnergyTE	Call	$7m	694,500
Ishares TREFA	Put	$6m	60,000
Vaneck ETF TrustGDXJ	Call	$6m	60,600
United STS Oil FD LPUSO	Call	$5m	50,000
Invesco QQQ TRQQQ	Call	$5m	7,000
GameStopGME	Put	$4m	200,000
DauchDCH	Call	$4m	790,300
British American Tobacco p.l.c.BTI	Call	$3m	50,000
Core ScientificCORZ	Call	$3m	100,000
Global X FDSCOPX	Call	$2m	30,000
uniQureQURE	Call	$2m	50,000
Teucrium Commodity TRCORN	Call	$2m	125,000
Papa Johns InternationalPZZA	Call	$2m	55,000
Ishares Silver TRSLV	Put	$2m	37,000
TPGTPG	Call	$2m	48,000
Xponential FitnessXPOF	Call	$2m	271,000
Evolv Technologies HoldingsEVLV	Call	$2m	318,900
DanaDAN	Call	$2m	67,000
American Exceptionalism Acquisition Corp. AAEXA	Call	$2m	154,200
Nektar TherapeuticsNKTR	Call	$2m	25,000
WayfairW	Put	$2m	17,000
Spdr Series TrustKIE	Put	$2m	25,000
Select Sector Spdr TRXLF	Call	$1m	25,000
CarvanaCVNA	Call	$1m	20,000
BlackstoneBX	Call	$1m	11,000
Ishares TRINDA	Put	$1m	25,000
Select Sector Spdr TRXLU	Call	$1m	25,000
Rayonier Advanced MaterialsRYAM	Call	$1m	140,000
ShopifySHOP	Call	$1m	9,000
Uber TechnologiesUBER	Call	$1m	14,000
Affirm HoldingsAFRM	Call	$978,600	12,000
Ishares TRIGV	Call	$906,000	10,000
Vale S AVALE	Call	$752,000	50,000
MicrosoftMSFT	Call	$746,040	2,000
StagwellSTGW	Call	$743,000	100,000
IsharesEWY	Put	$706,650	3,500
RedditRDDT	Call	$694,320	4,000
General MotorsGM	Put	$693,720	9,000
Spdr Series TrustCWB	Put	$690,048	6,400

Over time and by industry

Value over time

Jun '25

Dec '25

Jun '26

Value is up 64.5% since 30 June 2025.

Where the money is

Financial services37.3%

Technology10.7%

Retail & consumer7.3%

Media & telecom6.6%

Materials4.9%

Industrials3.7%

Health care3.5%

Real estate2.8%

Everyday goods1.7%

Utilities1.2%

Energy1.2%

Other19.1%

From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.