K2 Principal Fund 13FHR Quarterly holdings report by institutional manager | SEC 14 Aug 24

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
AGNICO EAGLE MINES LTD	COM	008474108	1,635,000	25,000	SH	Put	SOLE		25,000	0	0
AGRICULTURE NAT SOL ACQ CO	W EXP 10/01/202	G0131Y118	12,089	75,557	SH		SOLE		75,557	0	0
AIMFINITY INVESTMENT CORP I	UNIT 04/21/2027	G0135E142	1,060,177	93,490	SH		SOLE		93,490	0	0
AKAMAI TECHNOLOGIES INC	NOTE 0.375 9/0	00971TAL5	6,778,100	7,000	PRN		SOLE		7,000	0	0
ALBERTSONS COS INC	COMMON STOCK	013091103	3,171,850	160,600	SH		SOLE		160,600	0	0
ALGONQUIN PWR UTILS CORP	COM	015857105	1,758,000	300,000	SH	Call	SOLE		300,000	0	0
ALPHABET INC	CAP STK CL C	02079K107	1,239,186	6,756	SH		SOLE		6,756	0	0
ALPHATIME ACQUISITION CORP	W EXP 03/01/202	G0223V121	2,832	141,606	SH		SOLE		141,606	0	0
AMAZON COM INC	COM	023135106	2,829,566	14,642	SH		SOLE		14,642	0	0
AMC ENTMT HLDGS INC	CL A NEW	00165C302	373,500	75,000	SH	Put	SOLE		75,000	0	0
ANTERO RESOURCES CORP	COM	03674X106	3,263,000	100,000	SH	Put	SOLE		100,000	0	0
APARTMENT INVT MGMT CO	CL A	03748R747	508,293	61,314	SH		SOLE		61,314	0	0
ARCOSA INC	COM	039653100	2,502,300	30,000	SH	Call	SOLE		30,000	0	0
ARES ACQUISITION CORP II	W EXP 99/99/999	G33033120	70,742	544,172	SH		SOLE		544,172	0	0
ARES ACQUISITION CORP II	SHS CLASS A	G33033104	1,082,941	101,494	SH		SOLE		101,494	0	0
ARMADA ACQUISITION CORP I	W EXP 99/99/999	04208V111	24,919	207,659	SH		SOLE		207,659	0	0
AROGO CAPITAL ACQUISITION CO	CLASS A COM	042644104	454,155	41,362	SH		SOLE		41,362	0	0
ARS PHARMACEUTICALS INC	COM	82835W108	1,224,589	143,900	SH	Call	SOLE		143,900	0	0
ARS PHARMACEUTICALS INC	COM	82835W108	20,948,829	2,461,672	SH		SOLE		2,461,672	0	0
ATLANTICA SUSTAINABLE INFR P	SHS	G0751N103	757,143	34,494	SH		SOLE		34,494	0	0
ATLANTICA SUSTAINABLE INFRA	NOTE 4.000 7/1	04916EAB0	15,004,710	15,300	PRN		SOLE		15,300	0	0
BANNIX ACQUISITION CORP	W EXP 07/31/202	066644113	2,968	148,397	SH		SOLE		148,397	0	0
BATTERY FUTURE ACQUISITION C	W EXP 99/99/999	G0888J124	4,704	470,438	SH		SOLE		470,438	0	0
BATTERY FUTURE ACQUISITION C	CL A ORD SHS	G0888J108	2,206,929	199,903	SH		SOLE		199,903	0	0
BELLEVUE LIFE SCNCS AQSTN CO	W EXP 02/09/202	079174116	246	12,317	SH		SOLE		12,317	0	0
BITFARMS LTD	COM	09173B107	815,525	317,325	SH		SOLE		317,325	0	0
BLACKLINE INC	NOTE 3/1	09239BAD1	5,470,800	6,000	PRN		SOLE		6,000	0	0
BLUE OCEAN ACQUISITION CORP	W EXP 99/99/999	G1330L121	5,620	281,000	SH		SOLE		281,000	0	0
BOREALIS FOODS INC	W EXP 02/07/202	09973D113	2,125	30,364	SH		SOLE		30,364	0	0
BOWEN ACQUISITION CORP	RIGHT 99/99/9999	G12729128	3,256	29,596	SH		SOLE		29,596	0	0
BOX INC	NOTE 1/1	10316TAB0	9,775,850	8,500	PRN		SOLE		8,500	0	0
BROADCOM INC	COM	11135F101	2,247,742	1,400	SH		SOLE		1,400	0	0
BROOKFIELD BUSINESS PARTNERS	UNIT LTD L P	G16234109	1,128,983	59,893	SH		SOLE		59,893	0	0
BUKIT JALIL GBL ACQUISITION	ORD SHS	G1676M105	1,603,500	150,000	SH		SOLE		150,000	0	0
BYNORDIC ACQUISITION CORP	CLASS A COM	124420100	646,206	57,237	SH		SOLE		57,237	0	0
CADENCE DESIGN SYSTEM INC	COM	127387108	550,872	1,790	SH		SOLE		1,790	0	0
CANNA GLOBAL ACQUISITION COR	CLASS A COM	13767K101	341,120	32,800	SH		SOLE		32,800	0	0
CATALENT INC	COM	148806102	1,858,289	33,048	SH		SOLE		33,048	0	0
CENTURION ACQUISITION CORP	UNIT 05/31/2032	G20315126	6,387,386	639,378	SH		SOLE		639,378	0	0
CETUS CAP ACQUISITION CORP	CLASS A COM	15719Y105	356,189	33,445	SH		SOLE		33,445	0	0
CHENGHE ACQUISITION II CO	UNIT 05/30/2031	G20873124	2,083,411	208,133	SH		SOLE		208,133	0	0
CHURCHILL CAPITAL CORP VII	W EXP 02/29/202	17144M110	102,287	292,250	SH		SOLE		292,250	0	0
CHURCHILL CAPITAL CORP VII	COM CL A	17144M102	1,230,042	114,210	SH		SOLE		114,210	0	0
CIENA CORP	COM NEW	171779309	931,079	19,325	SH		SOLE		19,325	0	0
CLEVELAND-CLIFFS INC NEW	COM	185899101	1,539,000	100,000	SH	Put	SOLE		100,000	0	0
CLEVELAND-CLIFFS INC NEW	COM	185899101	241,623	15,700	SH		SOLE		15,700	0	0
CLIMATEROCK	CLASS A ORD	G2311X100	698,984	61,100	SH		SOLE		61,100	0	0
COLOMBIER ACQUISITION CORP I	COM SHS CL A	G2283U100	1,403,405	136,518	SH		SOLE		136,518	0	0
COLUMBUS MCKINNON CORP N Y	COM	199333105	885,986	25,651	SH		SOLE		25,651	0	0
COMPASS DIGITAL ACQUISITN CO	CLASS A ORD	G2476C107	571,929	52,567	SH		SOLE		52,567	0	0
CORE SCIENTIFIC INC NEW	W EXP 01/23/202	21874A130	2,646,044	304,493	SH		SOLE		304,493	0	0
CORE SCIENTIFIC INC NEW	COM	21874A106	4,445,670	478,029	SH		SOLE		478,029	0	0
CSLM ACQUISITION CORP	W EXP 99/99/999	G2365L119	8,092	57,800	SH		SOLE		57,800	0	0
CSLM ACQUISITION CORP	CLASS A ORD SHS	G2365L101	1,172,118	104,281	SH		SOLE		104,281	0	0
DELL TECHNOLOGIES INC	CL C	24703L202	1,379,100	10,000	SH	Put	SOLE		10,000	0	0
DIGIASIA CORP	W EXP 04/02/202	G27617110	6,000	100,000	SH		SOLE		100,000	0	0
DISTOKEN ACQUISITION CORP	ORDINARY SHARES	G27740110	1,226,994	114,139	SH		SOLE		114,139	0	0
DMY SQUARED TECHNOLOGY GROUP	CL A COM	233276104	536,000	50,000	SH		SOLE		50,000	0	0
DROPBOX INC	NOTE 3/0	26210CAC8	14,809,130	15,859	PRN		SOLE		15,859	0	0
EMBRACE CHANGE ACQUISITN COR	ORDINARY SHARES	G3034H109	2,553,221	226,953	SH		SOLE		226,953	0	0
ENPHYS ACQUISITION CORP	W EXP 99/99/999	G3167L117	2,095	52,372	SH		SOLE		52,372	0	0
ENPHYS ACQUISITION CORP	CL A ORD SHS	G3167L109	545,168	49,651	SH		SOLE		49,651	0	0
ENVESTNET INC	NOTE 0.750 8/1	29404KAE6	9,687,000	10,000	PRN		SOLE		10,000	0	0
EQUINOX GOLD CORP	COM	29446Y502	758,350	145,000	SH	Put	SOLE		145,000	0	0
EQUINOX GOLD CORP	COM	29446Y502	313,800	60,000	SH		SOLE		60,000	0	0
ERO COPPER CORP	COM	296006109	2,138,000	100,000	SH	Put	SOLE		100,000	0	0
ESH ACQUISITION CORP	RIGHT 99/99/9999	296424112	10,189	92,627	SH		SOLE		92,627	0	0
EVERBRIDGE INC	NOTE 0.12512/1	29978AAC8	7,542,920	7,700	PRN		SOLE		7,700	0	0
EVEREST CONSOLIDATOR ACQ COR	W EXP 99/99/999	29978K110	121,257	606,287	SH		SOLE		606,287	0	0
EVEREST CONSOLIDATOR ACQ COR	CL A COM	29978K102	2,245,763	199,801	SH		SOLE		199,801	0	0
EVERGREEN CORPORATION	CLASS A ORD SHS	G3312W109	1,674,691	145,879	SH		SOLE		145,879	0	0
EXCELFIN ACQUISITION CORP	COM CL A	30069X102	925,548	83,988	SH		SOLE		83,988	0	0
FERROGLOBE PLC	SHS	G33856108	536,000	100,000	SH		SOLE		100,000	0	0
FINTECH ECOSYSTEM DEVE	W EXP 04/01/202	318136116	3,913	195,666	SH		SOLE		195,666	0	0
FIRST MAJESTIC SILVER CORP	NOTE 0.375 1/1	32076VAD5	7,980,000	9,500	PRN		SOLE		9,500	0	0
FOCUS IMPACT BH3 ACQUISITION	W EXP 99/99/999	22677T110	32,669	408,359	SH		SOLE		408,359	0	0
FORTUNA MNG CORP	COM NEW	349942102	550,008	112,476	SH		SOLE		112,476	0	0
FORTUNE RISE ACQUISITION COR	CL A	34969G102	1,743,638	154,990	SH		SOLE		154,990	0	0
FOUR LEAF ACQUISITION CORP	W EXP 03/15/202	35088F115	7,541	188,517	SH		SOLE		188,517	0	0
FOUR LEAF ACQUISITION CORP	COM CL A	35088F107	1,586,742	145,306	SH		SOLE		145,306	0	0
FRANCO NEV CORP	COM	351858105	521,488	4,400	SH	Put	SOLE		4,400	0	0
FREEPORT-MCMORAN INC	CL B	35671D857	1,360,800	28,000	SH	Put	SOLE		28,000	0	0
FUTURETECH II ACQUISITION CO	CLASS A COM	36119D103	551,000	50,000	SH		SOLE		50,000	0	0
GCT SEMICONDUCTOR HLDG INC	W EXP 03/01/202	36170N115	27,464	183,091	SH		SOLE		183,091	0	0
GOLD ROYALTY CORP	W EXP 05/31/202	38071H122	187,796	988,400	SH		SOLE		988,400	0	0
GOLD ROYALTY CORP	COMMON SHARES	38071H106	1,072,987	760,984	SH		SOLE		760,984	0	0
GOLDEN ARROW MERGER CORP	W EXP 07/31/202	380799114	45,000	300,000	SH		SOLE		300,000	0	0
GOLDEN STAR ACQUISITION CORP	USD ORD SHS	G4023C101	1,150,657	106,740	SH		SOLE		106,740	0	0
GOPRO INC	NOTE 1.25011/1	38268TAD5	4,628,000	5,000	PRN		SOLE		5,000	0	0
GRAF GLOBAL CORP	UNIT 05/31/2032	G4036C114	1,383,000	138,300	SH		SOLE		138,300	0	0
GREENFIRE RES LTD NEW	COM SHS	39525U107	337,520	50,003	SH		SOLE		50,003	0	0
HANESBRANDS INC	COM	410345102	246,500	50,000	SH		SOLE		50,000	0	0
HASHICORP INC	COM CL A	418100103	2,966,404	88,050	SH		SOLE		88,050	0	0
HAYMAKER ACQUISITION CORP IV	W EXP 05/31/202	G4375F116	2,250	12,500	SH		SOLE		12,500	0	0
HAYNES INTL INC	COM NEW	420877201	1,988,991	33,884	SH		SOLE		33,884	0	0
HESS CORP	COM	42809H107	4,742,621	32,149	SH		SOLE		32,149	0	0
HHG CAPITAL CORPORATION	ORDINARY SHARES	G4R23P103	116,000	10,000	SH		SOLE		10,000	0	0
HIBBETT INC	COM	428567101	868,612	9,960	SH		SOLE		9,960	0	0
HUB CYBER SECURITY LTD	W EXP 08/22/202	M6000J119	42,587	2,129,358	SH		SOLE		2,129,358	0	0
IB ACQUISITION CORP	RIGHT 09/28/2025	44934N116	12,000	150,000	SH		SOLE		150,000	0	0
IB ACQUISITION CORP	COM SHS	44934N108	1,495,500	150,000	SH		SOLE		150,000	0	0
INFINERA CORP	NOTE 3.750 8/0	45667GAG8	2,724,250	2,500	PRN		SOLE		2,500	0	0
INFLECTION PT ACQUISITN CRP	W EXP 08/31/202	G4790U110	23,232	258,135	SH		SOLE		258,135	0	0
INSPIRE MED SYS INC	COM	457730109	455,022	3,400	SH	Call	SOLE		3,400	0	0
INTEGRAL ACQUISITION CORP 1	W EXP 05/31/202	45827K119	35,131	351,311	SH		SOLE		351,311	0	0
INTEGRAL ACQUISITION CORP 1	CLASS A COM	45827K101	549,000	50,000	SH		SOLE		50,000	0	0
INTEL CORP	COM	458140100	4,180,950	135,000	SH		SOLE		135,000	0	0
INVESTCORP EUROPE ACQUISITIO	W EXP 12/15/202	G4923T113	24,132	344,748	SH		SOLE		344,748	0	0
INVESTCORP EUROPE ACQUISITIO	CLASS A ORD SHS	G4923T105	1,850,118	163,006	SH		SOLE		163,006	0	0
IROBOT CORP	COM	462726100	455,500	50,000	SH	Put	SOLE		50,000	0	0
ISHARES BITCOIN TR	SHS	46438F101	6,828,000	200,000	SH		SOLE		200,000	0	0
ISHARES GOLD TR	ISHARES NEW	464285204	10,982,500	250,000	SH		SOLE		250,000	0	0
ISHARES TR	20 YR TR BD ETF	464287432	20,375,160	222,000	SH	Put	SOLE		222,000	0	0
ITEOS THERAPEUTICS INC	COM	46565G104	6,678,000	450,000	SH	Call	SOLE		450,000	0	0
ITEOS THERAPEUTICS INC	COM	46565G104	3,815,067	257,080	SH		SOLE		257,080	0	0
JETBLUE AIRWAYS CORP	NOTE 0.500 4/0	477143AP6	4,872,450	5,500	PRN		SOLE		5,500	0	0
KEEN VISION ACQUISITION CORP	W EXP 03/15/202	G52443127	17,266	246,657	SH		SOLE		246,657	0	0
KERNEL GROUP HOLDINGS INC	W EXP 99/99/999	G5259L129	48,100	370,000	SH		SOLE		370,000	0	0
KINROSS GOLD CORP	COM	496902404	832,000	100,000	SH	Put	SOLE		100,000	0	0
KINROSS GOLD CORP	COM	496902404	764,608	91,900	SH		SOLE		91,900	0	0
KRATOS DEFENSE SEC SOLUTIO	COM NEW	50077B207	999,660	49,958	SH		SOLE		49,958	0	0
LEGATO MERGER CORP III	W EXP 05/08/203	G5451A111	6,500	50,000	SH		SOLE		50,000	0	0
LENDINGTREE INC	NOTE 0.500 7/1	52603BAD9	9,554,240	10,225	PRN		SOLE		10,225	0	0
LIFEZONE METALS LIMITED	W EXP 07/05/202	G5568L117	87,558	194,574	SH		SOLE		194,574	0	0
LIONHEART HOLDINGS	UNIT 99/99/9999	G5501C125	4,792,203	479,700	SH		SOLE		479,700	0	0
LITHIUM AMERICAS ARGENTINA C	NOTE 1.750 1/1	53680QAA6	3,833,990	5,095	PRN		SOLE		5,095	0	0
LUMENTUM HLDGS INC	NOTE 1.50012/1	55024UAH2	5,661,000	6,000	PRN		SOLE		6,000	0	0
LUMENTUM HLDGS INC	NOTE 0.500 6/1	55024UAF6	2,343,600	3,000	PRN		SOLE		3,000	0	0
MACROGENICS INC	COM	556099109	62,900	14,800	SH		SOLE		14,800	0	0
MANHATTAN ASSOCIATES INC	COM	562750109	493,360	2,000	SH	Put	SOLE		2,000	0	0
MAQUIA CAPITAL ACQUISITION C	W EXP 99/99/999	56564V119	3,583	358,307	SH		SOLE		358,307	0	0
MARATHON DIGITAL HOLDINGS IN	NOTE 1.00012/0	565788AB2	15,789,900	18,250	PRN		SOLE		18,250	0	0
MARATHON PETE CORP	COM	56585A102	208,176	1,200	SH		SOLE		1,200	0	0
MARVELL TECHNOLOGY INC	COM	573874104	1,436,795	20,555	SH		SOLE		20,555	0	0
MAXEON SOLAR TECHNOLOGIES LT	SHS	Y58473102	85,000	100,000	SH	Put	SOLE		100,000	0	0
MAXEON SOLAR TECHNOLOGIES LT	SHS	Y58473102	31,824	37,440	SH		SOLE		37,440	0	0
MDU RES GROUP INC	COM	552690109	5,020,000	200,000	SH	Call	SOLE		200,000	0	0
MELAR ACQUISITION CORP. I	UNIT 06/10/2029	G6004G126	2,815,500	281,550	SH		SOLE		281,550	0	0
MICRON TECHNOLOGY INC	COM	595112103	723,415	5,500	SH		SOLE		5,500	0	0
MICROSTRATEGY INC	NOTE 2/1	594972AE1	12,260,400	10,200	PRN		SOLE		10,200	0	0
MKS INSTRS INC	COM	55306N104	1,807,227	13,840	SH		SOLE		13,840	0	0
MODIVCARE INC	COM	60783X104	3,345,233	127,486	SH		SOLE		127,486	0	0
MONTEREY CAP ACQUISITION COR	W EXP 01/01/202	61244M117	2,988	149,396	SH		SOLE		149,396	0	0
MONTEREY CAP ACQUISITION COR	CLASS A COM	61244M109	2,262,249	200,199	SH		SOLE		200,199	0	0
MOUNTAIN CO I ACQUISITN CO	W EXP 09/30/202	G6301J112	8,712	108,900	SH		SOLE		108,900	0	0
MR COOPER GROUP INC	COM	62482R107	1,882,262	23,172	SH		SOLE		23,172	0	0
MURANO GLOBAL INVTS PLC	W EXP 03/19/202	G63369113	39,570	247,312	SH		SOLE		247,312	0	0
NABORS ENERGY TRANSITION COR	W EXP 09/01/202	G6363K114	29,515	295,146	SH		SOLE		295,146	0	0
NET LEASE OFFICE PROPERTIES	COM	64110Y108	615,500	25,000	SH	Call	SOLE		25,000	0	0
NET LEASE OFFICE PROPERTIES	COM	64110Y108	3,208,872	130,336	SH		SOLE		130,336	0	0
NET POWER INC	COM CL A	64107A105	324,754	33,037	SH		SOLE		33,037	0	0
NEWMONT CORP	COM	651639106	1,046,750	25,000	SH		SOLE		25,000	0	0
NICE LTD	NOTE 9/1	653656AB4	6,900,040	7,321	PRN		SOLE		7,321	0	0
NOVA VISION ACQUISITION CORP	RIGHT 12/23/2023	G6759A134	12,680	79,252	SH		SOLE		79,252	0	0
NOVA VISION ACQUISITION CORP	W EXP 12/31/202	G6759A118	1,520	152,000	SH		SOLE		152,000	0	0
NUTANIX INC	NOTE 0.25010/0	67059NAH1	13,983,600	12,000	PRN		SOLE		12,000	0	0
NUVASIVE INC	NOTE 0.375 3/1	670704AJ4	2,304,710	2,396	PRN		SOLE		2,396	0	0
NUVEI CORPORATION	SUB VTG SHS	67079A102	361,328	11,159	SH		SOLE		11,159	0	0
NXP SEMICONDUCTORS N V	COM	N6596X109	1,604,315	5,962	SH		SOLE		5,962	0	0
OAK WOODS ACQUISITION CORP	W EXP 99/99/999	67190B112	10,024	501,190	SH		SOLE		501,190	0	0
OAK WOODS ACQUISITION CORP	CL A	67190B104	218,644	20,096	SH		SOLE		20,096	0	0
PAGAYA TECHNOLOGIES LTD	W EXP 99/99/999	M7S64L107	16,993	154,481	SH		SOLE		154,481	0	0
PAR TECHNOLOGY CORP	COM	698884103	4,753,265	100,940	SH		SOLE		100,940	0	0
PATRIA LATIN AMRCN OPPRNTY A	CLASS A ORD SHS	G69454109	1,373,944	120,100	SH		SOLE		120,100	0	0
PEARL HOLDINGS ACQUISITN COR	CLASS A ORD SHS	G44525106	332,925	30,211	SH		SOLE		30,211	0	0
PELOTON INTERACTIVE INC	NOTE 2/1	70614WAB6	14,139,870	16,079	PRN		SOLE		16,079	0	0
PERCEPTION CAPITAL CORP III	W EXP 99/99/999	G7185D114	10,500	350,000	SH		SOLE		350,000	0	0
PERFICIENT INC	NOTE 0.12511/1	71375UAF8	6,776,700	7,000	PRN		SOLE		7,000	0	0
PHARMACYTE BIOTECH INC	COM NEW	71715X203	641,906	327,503	SH		SOLE		327,503	0	0
PHILIP MORRIS INTL INC	COM	718172109	2,026,600	20,000	SH	Call	SOLE		20,000	0	0
PLAYAGS INC	COM	72814N104	438,346	38,117	SH		SOLE		38,117	0	0
PLUM ACQUISITION CORP I	W EXP 03/18/202	G7134L118	18,815	235,190	SH		SOLE		235,190	0	0
PLUM ACQUISITION CORP III	W EXP 03/31/202	G63290103	11,234	160,480	SH		SOLE		160,480	0	0
PROJECT ENERGY REIMAGINED AC	W EXP 99/99/999	G72556114	12,367	206,110	SH		SOLE		206,110	0	0
PROS HOLDINGS INC	COM	74346Y103	1,504,641	52,518	SH		SOLE		52,518	0	0
PULTE GROUP INC	COM	745867101	1,101,000	10,000	SH	Call	SOLE		10,000	0	0
QUETTA ACQUISITION CORP	COM	74841A105	1,154,336	111,530	SH		SOLE		111,530	0	0
RAPID7 INC	NOTE 0.250 3/1	753422AF1	9,073,000	10,000	PRN		SOLE		10,000	0	0
RF ACQUISITION CORP II	UNIT 05/01/2026	G75389125	754,500	75,000	SH		SOLE		75,000	0	0
RINGCENTRAL INC	NOTE 3/0	76680RAF4	7,432,450	7,799	PRN		SOLE		7,799	0	0
ROYAL CARIBBEAN GROUP	COM	V7780T103	526,119	3,300	SH		SOLE		3,300	0	0
ROYAL GOLD INC	COM	780287108	1,251,600	10,000	SH	Put	SOLE		10,000	0	0
ROYAL GOLD INC	COM	780287108	682,122	5,450	SH		SOLE		5,450	0	0
SABLE OFFSHORE CORP	W EXP 99/99/999	78574H112	709,281	166,108	SH		SOLE		166,108	0	0
SABRE GLBL INC	NOTE 4.000 4/1	78573NAE2	6,074,310	6,309	PRN		SOLE		6,309	0	0
SDCL EDGE ACQUISITION CORP	CL A ORD SHS	G79471101	550,500	50,000	SH		SOLE		50,000	0	0
SELINA HOSPITALITY PLC	ORDINARY SHARES	G8059B101	9,299	132,841	SH		SOLE		132,841	0	0
SERITAGE GROWTH PPTYS	CL A	81752R100	2,693,189	576,700	SH	Call	SOLE		576,700	0	0
SERITAGE GROWTH PPTYS	CL A	81752R100	4,597,666	984,511	SH		SOLE		984,511	0	0
SHOPIFY INC	CL A	82509L107	726,550	11,000	SH		SOLE		11,000	0	0
SK GROWTH OPPORTUNITIES CORP	W EXP 06/28/202	G8192N111	44,198	184,157	SH		SOLE		184,157	0	0
SNAP INC	NOTE 0.250 5/0	83304AAD8	7,458,550	7,100	PRN		SOLE		7,100	0	0
SOLITARIO RESOURCES CORP	COM	8342EP107	484,000	550,000	SH		SOLE		550,000	0	0
SOUTHWESTERN ENERGY CO	COM	845467109	209,141	31,076	SH		SOLE		31,076	0	0
SPARK I ACQUISITION CORP	W EXP 10/01/203	G8316B118	10,018	58,930	SH		SOLE		58,930	0	0
SPDR GOLD TR	GOLD SHS	78463V107	6,450,300	30,000	SH	Put	SOLE		30,000	0	0
SPIRIT AIRLS INC	NOTE 1.000 5/1	848577AB8	9,095,340	18,393	PRN		SOLE		18,393	0	0
SPRING VALLEY ACQUISTN CORP	W EXP 02/25/202	G83752116	28,867	360,841	SH		SOLE		360,841	0	0
SPRING VALLEY ACQUISTN CORP	RIGHT 02/25/2026	G83752132	24,000	200,000	SH		SOLE		200,000	0	0
SQUARESPACE INC	CLASS A	85225A107	253,054	5,800	SH		SOLE		5,800	0	0
STEEL DYNAMICS INC	COM	858119100	1,566,950	12,100	SH		SOLE		12,100	0	0
SYMBOTIC INC	CLASS A COM	87151X101	281,280	8,000	SH		SOLE		8,000	0	0
TAIWAN SEMICONDUCTOR MFG LTD	SPONSORED ADS	874039100	529,078	3,044	SH		SOLE		3,044	0	0
TECHTARGET INC	NOTE 12/1	87874RAD2	4,816,500	5,000	PRN		SOLE		5,000	0	0
TFI INTL INC	COM	87241L109	4,744,845	32,687	SH		SOLE		32,687	0	0
TLGY ACQUISITION CORPORATION	W EXP 11/09/202	G8656T125	21,641	360,690	SH		SOLE		360,690	0	0
TLGY ACQUISITION CORPORATION	CLASS A ORD SHS	G8656T109	1,146,029	100,265	SH		SOLE		100,265	0	0
TORTOISEECOFIN ACQUISITION C	W EXP 07/22/202	G8956E117	118,139	984,489	SH		SOLE		984,489	0	0
TORTOISEECOFIN ACQUISITION C	SHS CL A	G8956E109	2,273,664	208,211	SH		SOLE		208,211	0	0
TRIPADVISOR INC	NOTE 0.250 4/0	896945AD4	10,465,000	11,500	PRN		SOLE		11,500	0	0
TRUMP MEDIA TECHNOLOGY GRO	COM	25400Q105	1,205,112	202,200	SH		SOLE		202,200	0	0
UPWORK INC	NOTE 0.250 8/1	91688FAB0	3,544,400	4,000	PRN		SOLE		4,000	0	0
V F CORP	COM	918204108	2,573,370	190,620	SH		SOLE		190,620	0	0
VANGUARD INDEX FDS	SP 500 ETF SHS	922908363	11,252,925	22,500	SH	Call	SOLE		22,500	0	0
VERDE CLEAN FUELS INC	W EXP 02/15/202	923372114	16,466	91,475	SH		SOLE		91,475	0	0
VISTRA CORP	COM	92840M102	6,964,380	81,000	SH	Call	SOLE		81,000	0	0
VISTRA CORP	COM	92840M102	984,815	11,454	SH		SOLE		11,454	0	0
VIZSLA SILVER CORP	COM NEW	92859G608	159,668	89,200	SH		SOLE		89,200	0	0
WAYFAIR INC	CL A	94419L101	210,920	4,000	SH	Put	SOLE		4,000	0	0
WINVEST ACQUISITION CORP	W EXP 08/09/202	97655B117	2,577	257,731	SH		SOLE		257,731	0	0
WISDOMTREE INC	NOTE 3.250 6/1	97717PAD6	7,927,110	7,344	PRN		SOLE		7,344	0	0
WISDOMTREE INC	NOTE 5.750 8/1	97717PAF1	3,330,180	2,700	PRN		SOLE		2,700	0	0
X4 PHARMACEUTICALS INC	COM	98420X103	283,712	489,158	SH		SOLE		489,158	0	0
XBP EUROPE HOLDINGS INC	W EXP 11/30/202	98400V119	2,083	52,087	SH		SOLE		52,087	0	0
ZALATORIS ACQUISITION CORP	COM CL A	89301B104	1,459,975	132,725	SH		SOLE		132,725	0	0
ZEO ENERGY CORP	W EXP 03/13/202	98944F117	26,719	667,985	SH		SOLE		667,985	0	0
ZEO ENERGY CORP	CL A	98944F109	1,035,113	481,448	SH		SOLE		481,448	0	0
VIRGIN GALACTIC HOLDINGS INC	CONV BOND	92766KAA4	6,903,125	23,500	PRN		SOLE		23,500	0	0

K2 Principal Fund 13F-HRQuarterly holdings report by institutional manager