Instuitional Investor - K2 Principal Fund, L.p.

13F Holdings

Filing Period:

No.	Security	Ticker	Shares	Value	% Port
1.	Spdr Gold TrustPUT	GLD	172,000	$41,646,361	4.62%
2.	Vanguard Index Fds - SP 500 ETF SHSCALLCALL		45,500	$24,515,855	2.72%
3.	Dropbox Inc.BOND	DBX	15,859	$15,716,270	1.74%
4.	Amazon Com IncCALL	AMZN	70,000	$15,357,300	1.7%
5.	Opendoor Technologies Inc.BOND	OPEN	17,429	$15,304,928	1.69%