Vault-13

K2 CAP ACQUISITION CORP KTWO

ORD SHS CL A · Common Stock · CUSIP G5226B105

38 institutional holders +4 vs Q1 2026
12,815,08812.8m shares reported held*
$127.5mreported value*
5 new 8 added 6 reduced 1 sold out net bought ≈ $12.8m (+1.3m shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $9.95.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

02040Q1 26: 34Q2 26: 3838Q1 26Q2 26
Numbers
QuarterHolders
Q1 202634
Q2 202638

Biggest buyers

Karpus Management, Inc. New +490,700+490.7k
WOLVERINE ASSET MANAGEMENT LLC Added +380,000+380.0k
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS New +279,334+279.3k
Westchester Capital Management, LLC New +250,000+250.0k
MIZUHO SECURITIES USA LLC Added +121,430+121.4k
Crossingbridge Advisors, LLC Added +50,000+50.0k
HEIGHTS CAPITAL MANAGEMENT, INC New +39,697+39.7k
HIGHBRIDGE CAPITAL MANAGEMENT LLC Added +25,143+25.1k
AQR Arbitrage LLC Added +17,657+17.7k
Radcliffe Capital Management, L.P. Added +3,168+3.2k

Biggest sellers

TORONTO DOMINION BANK Reduced -220,000-220.0k
Shaolin Capital Management LLC Reduced -86,908-86.9k
Clear Street Group Inc. Reduced -38,530-38.5k
Virtu Financial LLC Sold out -13,968-14.0k
Schonfeld Strategic Advisors LLC Reduced -9,314-9.3k
Meteora Capital, LLC Reduced -4,000-4.0k
TrueMark Investments, LLC Reduced -1,023-1.0k

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
K2 CAPITAL SPONSOR LLC 13D · may seek influence new · filed 2026-02-13
Stated purposeFounder Shares In connection with the organization of the Issuer, in August 1, 2025, the Sponsor paid $25,000 to cover certain of the Issuer's initial public offering costs in exchange for 5,914,285 Class B ordinary shares, (the "Founder Shares"), for approximately $0.004 per share. On January 28, 2026, the underwriter to the public offering exercised its over-allotment option ( "OA Option") in connection with the Issuer's initial public offering ("IPO") which was declared effective on January 28, 2026. See Issuer's registration statement on Form S-1 (File No. 333-290350, the "Registration Statement"), under the heading "Certain Transactions." Public Units On January 30, 2026, the Company closed its initial public offering of 13,800,000 units, at a price of $10.00 per unit (the "Public … Full filing
 30.2% new 6.0m≈ $60.2m 2026-02-13
HIGHBRIDGE CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-05-15 8.8% new 1.2m≈ $12.3m 2026-05-15
ARISTEIA CAPITAL, L.L.C. 13G · institution new · filed 2026-05-14 7.1% new 1.0m≈ $9.9m 2026-05-14

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 1 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 0 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20261—0——
Q2 20260—0——
Q3 20260—0——

None reported since 1 Apr 2026.

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HIGHBRIDGE CAPITAL MANAGEMENT LLC 0.43% of their portfolio NEW YORK, NY 1,263,0031.3m $12.6m $12.6m 0.43% Added +25.1k +25,143
2 ARISTEIA CAPITAL, L.L.C. 0.16% of their portfolio GREENWICH, CT 1,000,0001.0m $9.9m $9.9m 0.16% Unchanged
3 Linden Advisors LP 0.04% of their portfolio New York, NY 750,000750.0k $7.5m $7.5m 0.04% Unchanged
4 AQR Arbitrage LLC 0.10% of their portfolio Greenwich, CT 690,447690.4k $6.9m $6.9m 0.10% Added +17.7k +17,657
5 Magnetar Financial LLC 0.06% of their portfolio EVANSTON, IL 650,000650.0k $6.5m $6.5m 0.06% Unchanged
6 Shaolin Capital Management LLC 0.35% of their portfolio Miami, FL 615,943615.9k $6.1m $6.1m 0.35% Reduced -86.9k -86,908
7 BERKLEY W R CORP 0.29% of their portfolio Greenwich, CT 596,880596.9k $5.9m $5.9m 0.29% Unchanged
8 MANGROVE PARTNERS IM, LLC 0.39% of their portfolio Greenwich, CT 590,000590.0k $5.9m $5.9m 0.39% Unchanged
9 WOLVERINE ASSET MANAGEMENT LLC 0.07% of their portfolio CHICAGO, IL 542,843542.8k $5.4m $5.4m 0.07% Added +380.0k +380,000
10 MIZUHO SECURITIES USA LLC 0.05% of their portfolio NEW YORK, NY 502,070502.1k $4.9m $4.9m 0.05% Added +121.4k +121,430
11 GLAZER CAPITAL, LLC 0.12% of their portfolio New York, NY 500,000500.0k $5.0m $5.0m 0.12% Unchanged
12 Karpus Management, Inc. 0.14% of their portfolio Pittsford, NY 490,700490.7k $4.9m $4.9m 0.14% New
13 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 400,063400.1k $4.0m $4.0m 0.00% Unchanged
14 SONA ASSET MANAGEMENT (US) LLC 0.14% of their portfolio NEW YORK, NY 377,226377.2k $3.8m $3.8m 0.14% Unchanged
15 First Trust Capital Management L.P. 0.20% of their portfolio CHICAGO, IL 353,000353.0k $3.5m $3.5m 0.20% Unchanged
16 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 327,210327.2k $3.3m $3.3m 0.00% Unchanged
17 RIVERNORTH CAPITAL MANAGEMENT, LLC 0.14% of their portfolio WEST PALM BEACH, FL 300,000300.0k $3.0m $3.0m 0.14% Unchanged
18 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.01% of their portfolio HARRISBURG, PA 279,334279.3k $2.8m $2.8m 0.01% New
19 Crossingbridge Advisors, LLC 0.48% of their portfolio PLEASANTVILLE, NY 275,000275.0k $2.7m $2.7m 0.48% Added +50.0k +50,000
20 Polar Asset Management Partners Inc. 0.05% of their portfolio TORONTO, A6 250,000250.0k $2.5m $2.5m 0.05% Unchanged
21 Westchester Capital Management, LLC 0.13% of their portfolio VALHALLA, NY 250,000250.0k $2.5m $2.5m 0.13% New
22 Periscope Capital Inc. 0.39% of their portfolio Toronto, A6 246,902246.9k $2.5m $2.5m 0.39% Added +1.9k +1,902
23 Hudson Bay Capital Management LP 0.01% of their portfolio STAMFORD, CT 236,560236.6k $2.4m $2.4m 0.01% Unchanged
24 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 217,499217.5k $2.2m $2.2m 0.00% Unchanged
25 WHITEBOX ADVISORS LLC 0.03% of their portfolio MINNEAPOLIS, MN 200,000200.0k $2.0m $2.0m 0.03% Unchanged
26 Schonfeld Strategic Advisors LLC 0.01% of their portfolio NEW YORK, NY 168,098168.1k $1.7m $1.7m 0.01% Reduced -9.3k -9,314
27 Radcliffe Capital Management, L.P. 0.12% of their portfolio BALA CYNWYD, PA 153,168153.2k $1.5m $1.5m 0.12% Added +3.2k +3,168
28 TENOR CAPITAL MANAGEMENT Co., L.P. 0.02% of their portfolio NEW YORK, NY 150,000150.0k $1.5m $1.5m 0.02% Unchanged
29 DLD Asset Management, LP 0.08% of their portfolio NEW YORK, NY 100,000100.0k $995.0k $995.0k 0.08% Unchanged
30 Kepos Capital LP 1.36% of their portfolio NEW YORK, NY 100,000100.0k $995.0k $995.0k 1.36% Unchanged
31 Verition Fund Management LLC 0.01% of their portfolio GREENWICH, CT 75,00075.0k $746.2k $746.2k 0.01% Unchanged
32 TrueMark Investments, LLC 0.06% of their portfolio CHICAGO, IL 48,97749.0k $487.3k $487.3k 0.06% Reduced -1.0k -1,023
33 HEIGHTS CAPITAL MANAGEMENT, INC 0.09% of their portfolio SAN FRANCISCO, CA 39,69739.7k $395.0k $395.0k 0.09% New
34 Meteora Capital, LLC 0.03% of their portfolio Boca Raton, FL 36,00036.0k $358.2k $358.2k 0.03% Reduced -4.0k -4,000
35 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 30,00030.0k $298.5k $298.5k 0.00% Reduced -220.0k -220,000
36 Clear Street Group Inc. 0.00% of their portfolio NEW YORK, NY 9,4419.4k $93.9k $93.9k 0.00% Reduced -38.5k -38,530
37 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 2626 $259 $259 0.00% Added +19 +19
38 UBS Group AG 0.00% of their portfolio ZURICH, V8 11 $10 $10 0.00% New