Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments
Shares | September 30, 2023 Fair Value | |||||||||
Common Stock – 110.87% | ||||||||||
United States – 76.52% | ||||||||||
Aerospace / Defense – 1.08% | ||||||||||
25,936 | TransDigm Group, Inc.* | (a) | $ | 21,867,420 | ||||||
Applications Software – 4.16% | ||||||||||
280,506 | Elastic NV* | 22,788,307 | ||||||||
169,971 | Microsoft Corp. | (a) | 53,668,343 | |||||||
187,912 | Smartsheet, Inc., Class A* | 7,602,920 | ||||||||
84,059,570 | ||||||||||
Building Products - Cement / Aggregate – 1.99% | ||||||||||
51,394 | Martin Marietta Materials, Inc. | (a) | 21,096,209 | |||||||
94,227 | Vulcan Materials Co. | 19,035,739 | ||||||||
40,131,948 | ||||||||||
Coatings / Paint – 0.60% | ||||||||||
47,393 | The Sherwin-Williams Co. | 12,087,585 | ||||||||
Commercial Services – 0.20% | ||||||||||
8,312 | Cintas Corp. | (a) | 3,998,155 | |||||||
Commercial Services - Finance – 1.71% | ||||||||||
82,520 | Block, Inc.* | 3,652,335 | ||||||||
152,833 | Global Payments, Inc. | (a) | 17,635,400 | |||||||
726,572 | Marqeta, Inc., Class A* | 4,344,901 | ||||||||
24,266 | S&P Global, Inc. | (a) | 8,867,039 | |||||||
34,499,675 | ||||||||||
Communications Software – 2.32% | ||||||||||
499,221 | RingCentral, Inc., Class A* | (a) | 14,791,918 | |||||||
457,527 | Zoom Video Communications, Inc., Class A* | (a) | 31,999,439 | |||||||
46,791,357 | ||||||||||
Computer Aided Design – 5.29% | ||||||||||
215,870 | Cadence Design Systems, Inc.* | 50,578,341 | ||||||||
122,704 | Synopsys, Inc.* | (a) | 56,317,455 | |||||||
106,895,796 | ||||||||||
Computer Software – 1.91% | ||||||||||
197,130 | Datadog, Inc., Class A* | 17,956,572 | ||||||||
265,514 | Dynatrace, Inc.* | (a) | 12,407,469 | |||||||
141,514 | Twilio, Inc., Class A* | 8,282,814 | ||||||||
38,646,855 | ||||||||||
Computers – 1.99% | ||||||||||
584,421 | Dell Technologies, Inc. | 40,266,607 | ||||||||
E-Commerce / Products – 5.55% | ||||||||||
881,428 | Amazon.com, Inc.* | (a) | 112,047,127 | |||||||
E-Commerce / Services – 4.51% | ||||||||||
424,933 | Expedia Group, Inc.* | (a) | 43,797,845 | |||||||
1,029,075 | Uber Technologies, Inc.* | (a) | 47,327,159 | |||||||
91,125,004 |
- 1 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (continued)
Shares | September 30, 2023 Fair Value | |||||||||
Common Stock – (continued) | ||||||||||
United States – (continued) | ||||||||||
Electronic Components - Semiconductors – 3.94% | ||||||||||
371,713 | Analog Devices, Inc. | (a) | $ | 65,083,229 | ||||||
267,801 | Marvell Technology, Inc. | (a) | 14,496,068 | |||||||
79,579,297 | ||||||||||
Electronic Forms – 1.06% | ||||||||||
42,126 | Adobe, Inc.* | 21,480,047 | ||||||||
Energy - Alternate Sources – 0.12% | ||||||||||
550,293 | Stem, Inc.* | (a) | 2,333,242 | |||||||
Enterprise Software / Services – 1.91% | ||||||||||
320,972 | SS&C Technologies Holdings, Inc. | (a) | 16,863,869 | |||||||
383,182 | UiPath, Inc., Class A* | 6,556,244 | ||||||||
70,564 | Workday, Inc., Class A* | 15,160,675 | ||||||||
38,580,788 | ||||||||||
Finance - Credit Card – 4.33% | ||||||||||
105,155 | Mastercard, Inc., Class A | (a) | 41,631,916 | |||||||
198,835 | Visa, Inc., Class A | (a) | 45,734,038 | |||||||
87,365,954 | ||||||||||
Finance - Other Services – 1.35% | ||||||||||
248,414 | Intercontinental Exchange, Inc. | (a) | 27,330,508 | |||||||
Human Resources – 0.36% | ||||||||||
39,678 | Paylocity Holding Corp.* | (a) | 7,209,493 | |||||||
Internet Content - Entertainment – 12.42% | ||||||||||
835,202 | Meta Platforms, Inc., Class A* | (a) | 250,735,992 | |||||||
Medical - Biomedical / Genetics – 3.04% | ||||||||||
513,225 | Akero Therapeutics, Inc.* | 25,958,921 | ||||||||
640,678 | Allovir, Inc.* | (a) | 1,377,458 | |||||||
238,228 | BioCryst Pharmaceuticals, Inc.* | 1,686,654 | ||||||||
135,184 | Blueprint Medicines Corp.* | 6,788,940 | ||||||||
231,133 | Caribou Biosciences, Inc.* | 1,104,816 | ||||||||
210,759 | Keros Therapeutics, Inc.* | 6,718,997 | ||||||||
64,948 | Sarepta Therapeutics, Inc.* | (a) | 7,872,997 | |||||||
277,250 | Ultragenyx Pharmaceutical, Inc.* | (a) | 9,883,962 | |||||||
61,392,745 | ||||||||||
Medical - Drugs – 0.53% | ||||||||||
492,368 | ORIC Pharmaceuticals, Inc.* | 2,978,827 | ||||||||
329,949 | PMV Pharmaceuticals, Inc.* | 2,025,887 | ||||||||
247,501 | Rhythm Pharmaceuticals, Inc.* | 5,673,960 | ||||||||
10,678,674 | ||||||||||
Metal Processors & Fabrication – 0.13% | ||||||||||
157,374 | Xometry, Inc., Class A* | 2,672,211 | ||||||||
Private Equity – 0.52% | ||||||||||
349,239 | The Carlyle Group, Inc. | 10,533,048 |
- 2 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (continued)
Shares | September 30, 2023 Fair Value | |||||||||
Common Stock – (continued) | ||||||||||
United States – (continued) | ||||||||||
REITs - Diversified – 2.34% | ||||||||||
85,942 | American Tower Corp. | $ | 14,133,162 | |||||||
45,605 | Equinix, Inc. | 33,121,087 | ||||||||
47,254,249 | ||||||||||
Retail - Apparel / Shoes – 1.51% | ||||||||||
269,141 | Ross Stores, Inc. | (a) | 30,399,476 | |||||||
Retail - Building Products – 0.65% | ||||||||||
63,338 | Lowe’s Cos., Inc. | (a) | 13,164,170 | |||||||
Retail - Major Department Stores – 3.21% | ||||||||||
729,292 | The TJX Cos., Inc. | (a) | 64,819,473 | |||||||
Retail - Restaurants – 1.22% | ||||||||||
8,085 | Chipotle Mexican Grill, Inc.* | 14,810,346 | ||||||||
79,479 | Yum! Brands, Inc. | 9,930,106 | ||||||||
24,740,452 | ||||||||||
Semiconductor Components - Integrated Circuits – 1.09% | ||||||||||
198,453 | QUALCOMM, Inc. | (a) | 22,040,190 | |||||||
Semiconductor Equipment – 5.48% | ||||||||||
153,284 | KLA Corp. | (a) | 70,305,239 | |||||||
40,184 | Lam Research Corp. | (a) | 25,186,126 | |||||||
152,104 | Teradyne, Inc. | (a) | 15,280,368 | |||||||
110,771,733 | ||||||||||
Total United States (Cost $1,030,977,381) | $ | 1,545,498,841 | ||||||||
Brazil – 0.47% | ||||||||||
Finance - Investment Banker / Broker – 0.47% | ||||||||||
412,779 | XP, Inc., Class A* | (a) | 9,514,556 | |||||||
Total Brazil (Cost $10,361,932) | $ | 9,514,556 | ||||||||
China – 9.32% | ||||||||||
Auto - Cars / Light Trucks – 0.79% | ||||||||||
514,500 | BYD Co., Ltd. | 15,897,776 | ||||||||
E-Commerce / Products – 1.41% | ||||||||||
233,149 | Alibaba Group Holding, Ltd. - Sponsored ADR* | 20,223,344 | ||||||||
284,641 | JD.com, Inc., Class A - Sponsored ADR* | 8,291,593 | ||||||||
28,514,937 | ||||||||||
Enterprise Software / Services – 0.11% | ||||||||||
5,229,447 | Ming Yuan Cloud Group Holdings, Ltd. | 2,290,264 | ||||||||
Entertainment Software – 1.06% | ||||||||||
212,795 | NetEase, Inc. - Sponsored ADR | (a) | 21,313,547 | |||||||
Transport Services – 1.08% | ||||||||||
3,105,183 | Full Truck Alliance Co., Ltd. - Sponsored ADR* | 21,860,488 | ||||||||
Real Estate Management / Services – 0.99% | ||||||||||
1,285,067 | KE Holdings, Inc. - Sponsored ADR* | 19,944,240 |
- 3 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (continued)
Shares | September 30, 2023 Fair Value | |||||||||
Common Stock – (continued) | ||||||||||
China – (continued) | ||||||||||
Schools – 1.60% | ||||||||||
550,131 | New Oriental Education & Technology Group, Inc. - Sponsored ADR* | $ | 32,210,170 | |||||||
Web Portals / ISP – 2.28% | ||||||||||
343,295 | Baidu, Inc. - Sponsored ADR* | 46,121,683 | ||||||||
Total China (Cost $196,872,171) | $ | 188,153,105 | ||||||||
France – 8.83% | ||||||||||
Aerospace / Defense - Equipment – 7.76% | ||||||||||
529,162 | Airbus SE | 71,140,579 | ||||||||
543,812 | Safran SA | 85,581,108 | ||||||||
156,721,687 | ||||||||||
Apparel Manufacturers – 0.22% | ||||||||||
9,972 | Kering SA | 4,559,938 | ||||||||
Textile - Apparel – 0.85% | ||||||||||
22,614 | LVMH Moet Hennessy Louis Vuitton SE | 17,152,459 | ||||||||
Total France (Cost $145,920,125) | $ | 178,434,084 | ||||||||
Germany – 1.69% | ||||||||||
Aerospace / Defense – 0.97% | ||||||||||
107,039 | MTU Aero Engines AG | 19,464,005 | ||||||||
Athletic Footwear – 0.72% | ||||||||||
82,689 | adidas AG | 14,587,078 | ||||||||
Total Germany (Cost $38,668,246) | $ | 34,051,083 | ||||||||
Hong Kong – 1.12% | ||||||||||
Casino Hotels – 1.12% | ||||||||||
3,743,000 | Galaxy Entertainment Group, Ltd.* | 22,533,941 | ||||||||
Total Hong Kong (Cost $22,504,387) | $ | 22,533,941 | ||||||||
Japan – 3.43% | ||||||||||
Audio / Video Products – 2.74% | ||||||||||
675,700 | Sony Group Corp. | 55,423,475 | ||||||||
Web Portals / ISP – 0.69% | ||||||||||
4,988,103 | Z Holdings Corp. | 13,888,804 | ||||||||
Total Japan (Cost $59,396,195) | $ | 69,312,279 | ||||||||
Netherlands – 2.71% | ||||||||||
Semiconductor Equipment – 2.71% | ||||||||||
92,851 | ASML Holding NV | 54,657,669 | ||||||||
Total Netherlands (Cost $51,226,489) | $ | 54,657,669 |
- 4 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (concluded)
Shares | September 30, 2023 Fair Value | |||||||||
Common Stock – (continued) | ||||||||||
Taiwan – 3.49% | ||||||||||
Semiconductor Components - Integrated Circuits – 3.49% | ||||||||||
811,683 | Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR | $ | 70,535,253 | |||||||
Total Taiwan (Cost $64,138,574) | $ | 70,535,253 | ||||||||
Uruguay – 3.29% | ||||||||||
Commercial Services - Finance – 0.61% | ||||||||||
639,336 | Dlocal, Ltd.* | 12,256,071 | ||||||||
E-Commerce / Services – 2.68% | ||||||||||
42,778 | MercadoLibre, Inc.* | (a) | 54,237,371 | |||||||
Total Uruguay (Cost $38,806,906) | $ | 66,493,442 | ||||||||
Total Common Stock (Cost $1,658,872,406) | $ | 2,239,184,253 | ||||||||
Total Investments in Securities (Cost $1,658,872,406) – 110.87% | $ | 2,239,184,253 | ||||||||
Total Purchased Options ( Cost $363,430,179) - 13.25% | 267,667,489 | |||||||||
Total Securities Sold, Not Yet Purchased (Proceeds $934,458,542) - (43.77)% | (883,956,518 | ) | ||||||||
Other Assets, in Excess of Liabilities – 19.65%** | 396,706,611 | |||||||||
Members’ Capital – 100.00% | $ | 2,019,601,835 |
(a) | Partially or wholly held in a pledge account by the Custodian, the assets of which are pledged as collateral for securities sold, not yet purchased. | |
* | Non-income producing security | |
** | Includes $215,056,898 invested in U.S. Dollar Cash Reserve Account at the Bank of New York Mellon (the “Custodian”), which is 10.65% of Members’ Capital. $137,977,896 of the amount is held as restricted cash and is in a segregated account with the Custodian, primarily as collateral for swap contracts, in each case as at September 30, 2023. | |
ADR | American Depository Receipt | |
REIT | Real Estate Investment Trust |
- 5 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Purchased Options
Notional Amount (USD) | Contracts | Expiration Date Strike Price | September 30, 2023 Fair Value | |||||||||
Purchased Options – 13.25% | ||||||||||||
Equity Options – 13.21% | ||||||||||||
Equity Call Options – 8.24% | ||||||||||||
United States – 8.20% | ||||||||||||
Applications Software - 0.63% | ||||||||||||
$ | 89,152,000 | 3,184 | 11/17/2023 $280 | Microsoft Corp. | $ | 12,656,400 | ||||||
Auto - Cars / Light Trucks - 1.13% | ||||||||||||
84,100,000 | 4,205 | 11/17/2023 $200 | Tesla, Inc. | 22,917,250 | ||||||||
Casino Hotels - 0.30% | ||||||||||||
30,275,000 | 6,055 | 12/15/2023 $50 | Las Vegas Sands Corp. | 841,645 | ||||||||
27,896,000 | 3,487 | 12/15/2023 $80 | Wynn Resorts, Ltd. | 5,178,195 | ||||||||
6,019,840 | ||||||||||||
Commercial Services - Finance - 0.03% | ||||||||||||
11,320,000 | 2,264 | 12/15/2023 $50 | Block, Inc. | 538,832 | ||||||||
E-Commerce / Products - 1.13% | ||||||||||||
233,364,000 | 19,447 | 11/17/2023 $120 | Amazon.com, Inc. | 22,752,990 | ||||||||
E-Commerce / Services - 1.16% | ||||||||||||
39,330,000 | 171 | 10/20/2023 $2,300 | Booking Holdings, Inc. | 13,414,950 | ||||||||
41,229,500 | 6,343 | 11/17/2023 $65 | DoorDash, Inc., Class A | 10,085,370 | ||||||||
23,500,320 | ||||||||||||
Electronic Component - Semiconductor - 1.62% | ||||||||||||
47,963,200 | 15,472 | 12/15/2023 $31 | Intel Corp. | 8,509,600 | ||||||||
253,141,000 | 5,887 | 12/15/2023 $430 | NVIDIA Corp. | 24,283,875 | ||||||||
32,793,475 | ||||||||||||
Hotels & Motels - 0.90% | ||||||||||||
29,748,000 | 2,479 | 10/20/2023 $120 | Hilton Worldwide Holdings, Inc. | 7,263,470 | ||||||||
21,087,000 | 1,562 | 10/20/2023 $135 | Marriott International, Inc. of Maryland, Class A | 9,621,920 | ||||||||
6,018,000 | 354 | 1/19/2024 $170 | Marriott International, Inc. of Maryland, Class A | 1,132,800 | ||||||||
18,018,190 | ||||||||||||
Internet Content - Entertainment - 1.30% | ||||||||||||
190,539,000 | 7,057 | 11/17/2023 $270 | Meta Platforms, Inc., Class A | 26,322,610 | ||||||||
Total United States (Cost $245,420,244) | $ | 165,519,907 |
- 6 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Purchased Options (continued)
Notional Amount (USD) | Contracts | Expiration Date Strike Price | September 30, 2023 Fair Value | |||||||||
Purchased Options – (continued) | ||||||||||||
Equity Options – (continued) | ||||||||||||
Equity Call Options – (continued) | ||||||||||||
China - 0.01% | ||||||||||||
E-Commerce / Products - 0.01% | ||||||||||||
$ | 5,661,500 | 1,742 | 1/19/2024 $32.50 | JD.com, Inc., Class A - Sponsored ADR | $ | 280,462 | ||||||
Total China (Cost $803,115) | $ | 280,462 | ||||||||||
Taiwan - 0.03% | ||||||||||||
Semiconductor Components - Integrated Circuits - 0.03% | ||||||||||||
23,553,000 | 2,617 | 11/17/2023 $90 | Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR | 675,186 | ||||||||
Total Taiwan (Cost $3,004,392) | $ | 675,186 | ||||||||||
Total Equity Call Options (Cost $249,227,751) | $ | 166,475,555 | ||||||||||
Equity Put Options - 4.97% | ||||||||||||
United States - 4.97% | ||||||||||||
Communications Software - 0.29% | ||||||||||||
45,288,000 | 5,661 | 11/17/2023 $80 | Zoom Video Communications, Inc., Class A | 5,944,050 | ||||||||
Growth & Income - Large Cap - 0.24% | ||||||||||||
327,320,000 | 8,183 | 1/19/2024 $400 | SPDR S&P 500 ETF Trust | 4,860,702 | ||||||||
Sector Fund - Technology - 4.44% | ||||||||||||
311,400,000 | 10,380 | 12/15/2023 $300 | Invesco QQQ Trust Series 1 | 1,505,100 | ||||||||
241,540,000 | 7,432 | 12/15/2023 $325 | Invesco QQQ Trust Series 1 | 2,668,088 | ||||||||
1,026,135,000 | 31,095 | 12/15/2023 $330 | Invesco QQQ Trust Series 1 | 13,433,040 | ||||||||
310,345,000 | 8,867 | 1/19/2024 $350 | Invesco QQQ Trust Series 1 | 9,806,902 | ||||||||
1,674,043,500 | 48,523 | 3/15/2024 $345 | Invesco QQQ Trust Series 1 | 62,109,440 | ||||||||
89,522,570 | ||||||||||||
Total United States (Cost $111,312,492) | $ | 100,327,322 | ||||||||||
Total Equity Put Options (Cost $111,312,492) | $ | 100,327,322 | ||||||||||
Total Equity Options (Cost $360,540,243) | $ | 266,802,877 |
- 7 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Purchased Options (concluded)
Notional Amount (USD) | Contracts | Expiration Date Strike Price | September 30, 2023 Fair Value | |||||||||
Currency Put Options - 0.04% | ||||||||||||
United States - 0.04% | ||||||||||||
$ | 5,382,688 | 97,867,052 | 12/15/2023 $5.50 | USD-BRL | $ | 541,189 | ||||||
13,178,239 | 175,709,851 | 12/15/2023 $7.50 | USD-CNH | 323,423 | ||||||||
Total United States (Cost $2,889,936) | $ | 864,612 | ||||||||||
Total Currency Put Options (Cost $2,889,936) | $ | 864,612 | ||||||||||
Total Purchased Options (Cost $363,430,179) | $ | 267,667,489 |
ADR | American Depository Receipt | |
BRL | Brazilian Real | |
CNH | Chinese Renminbi Yuan | |
ETF | Exchange-Traded Fund | |
SPDR | Standard & Poor’s Depository Receipt | |
USD | United States Dollar |
- 8 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased
Shares | September 30, 2023 Fair Value | ||||||
Securities Sold, Not Yet Purchased – 43.77% | |||||||
Common Stock – 43.77% | |||||||
United States – 37.06% | |||||||
Advertising Agencies – 0.46% | |||||||
125,267 | Omnicom Group, Inc. | $ | 9,329,886 | ||||
Advertising Services – 0.29% | |||||||
200,993 | The Interpublic Group of Cos., Inc. | 5,760,459 | |||||
Apparel Manufacturers – 0.10% | |||||||
496,660 | Hanesbrands, Inc.* | 1,966,774 | |||||
Applications Software – 0.15% | |||||||
169,352 | Asana, Inc., Class A* | 3,100,835 | |||||
Auto - Cars / Light Trucks – 5.24% | |||||||
1,034,571 | Ford Motor Co. | 12,849,372 | |||||
371,505 | Tesla, Inc.* | 92,957,981 | |||||
105,807,353 | |||||||
Cable / Satellite TV – 1.41% | |||||||
64,944 | Charter Communications, Inc., Class A* | 28,563,670 | |||||
Cellular Telecommunications – 1.75% | |||||||
252,242 | T-Mobile US, Inc.* | 35,326,492 | |||||
Commercial Banks – 0.96% | |||||||
95,404 | Cathay General Bancorp | 3,316,243 | |||||
68,057 | Cullen/Frost Bankers, Inc. | 6,207,479 | |||||
180,748 | CVB Financial Corp. | 2,994,994 | |||||
66,100 | East West Bancorp, Inc. | 3,484,131 | |||||
406,514 | Valley National Bancorp | 3,479,760 | |||||
19,482,607 | |||||||
Commercial Services - Finance – 0.49% | |||||||
229,437 | H&R Block, Inc. | 9,879,557 | |||||
Computer Data Security – 0.75% | |||||||
55,985 | Qualys, Inc.* | 8,540,512 | |||||
66,043 | Rapid7, Inc.* | 3,023,449 | |||||
79,878 | Tenable Holdings, Inc.* | 3,578,534 | |||||
15,142,495 | |||||||
Computer Services – 0.51% | |||||||
40,633 | EPAM Systems, Inc.* | 10,389,452 |
- 9 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (continued)
Shares | September 30, 2023 Fair Value | ||||||
Common Stock – (continued) | |||||||
United States – (continued) | |||||||
Computer Software – 1.60% | |||||||
3,712 | Bandwidth, Inc., Class A* | $ | 41,834 | ||||
415,565 | C3.ai, Inc., Class A* | 10,605,219 | |||||
86,045 | SolarWinds Corp.* | 812,265 | |||||
120,908 | Splunk, Inc.* | 17,682,795 | |||||
69,688 | Teradata Corp.* | 3,137,354 | |||||
32,279,467 | |||||||
Consulting Services – 0.42% | |||||||
36,244 | Verisk Analytics, Inc. | 8,562,283 | |||||
Consumer Products - Miscellaneous – 0.95% | |||||||
158,913 | Kimberly-Clark Corp. | 19,204,636 | |||||
Cosmetics & Toiletries – 0.33% | |||||||
45,098 | The Procter & Gamble Co. | 6,577,994 | |||||
Diversified Manufacturing Operations – 0.29% | |||||||
89,862 | A.O. Smith Corp. | 5,942,574 | |||||
E-Commerce / Products – 0.64% | |||||||
212,783 | Wayfair, Inc., Class A* | 12,888,266 | |||||
E-Commerce / Services – 0.04% | |||||||
50,203 | TripAdvisor, Inc.* | 832,366 | |||||
Electric - Distribution – 0.17% | |||||||
39,635 | Consolidated Edison, Inc. | 3,389,982 | |||||
Electric - Integrated – 0.31% | |||||||
96,849 | The Southern Co. | 6,268,067 | |||||
Electronic Components - Semiconductors – 5.59% | |||||||
120,690 | GLOBALFOUNDRIES, Inc.* | 7,022,951 | |||||
55,228 | NVIDIA Corp. | 24,023,628 | |||||
239,623 | ON Semiconductor Corp.* | 22,272,958 | |||||
374,794 | Texas Instruments, Inc. | 59,595,994 | |||||
112,915,531 | |||||||
Enterprise Software / Services – 0.31% | |||||||
392,570 | Palantir Technologies Inc., Class A* | 6,281,120 | |||||
Finance - Credit Card – 0.20% | |||||||
299,046 | The Western Union Co. | 3,941,426 | |||||
Food - Miscellaneous / Diversified – 2.99% | |||||||
308,435 | Campbell Soup Co. | 12,670,510 | |||||
292,575 | Conagra Brands, Inc. | 8,022,406 | |||||
281,662 | General Mills, Inc. | 18,023,551 | |||||
206,868 | Kellogg Co. | 12,310,715 | |||||
280,842 | The Kraft Heinz Co. | 9,447,525 | |||||
60,474,707 |
- 10 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (continued)
Shares | September 30, 2023 Fair Value | ||||||
Common Stock – (continued) | |||||||
United States – (continued) | |||||||
Internet Content - Entertainment – 0.42% | |||||||
949,503 | Snap, Inc., Class A* | $ | 8,460,072 | ||||
Investment Management / Advisory Services – 1.37% | |||||||
264,057 | T Rowe Price Group, Inc. | 27,691,658 | |||||
Medical - Biomedical / Genetics – 0.38% | |||||||
28,158 | Amgen, Inc. | 7,567,744 | |||||
Medical - Drugs – 1.08% | |||||||
106,284 | Bristol-Myers Squibb Co. | 6,168,723 | |||||
100,060 | Johnson & Johnson | 15,584,345 | |||||
21,753,068 | |||||||
Real Estate Management / Services – 0.67% | |||||||
152,580 | Anywhere Real Estate, Inc.* | 981,089 | |||||
124,535 | CBRE Group, Inc., Class A* | 9,198,155 | |||||
446,017 | Cushman & Wakefield PLC* | 3,398,650 | |||||
13,577,894 | |||||||
REITs - Health Care – 0.23% | |||||||
111,622 | Ventas, Inc. | 4,702,635 | |||||
REITs - Office Property – 1.82% | |||||||
195,229 | Boston Properties, Inc. | 11,612,221 | |||||
126,253 | Brandywine Realty Trust | 573,189 | |||||
474,102 | Douglas Emmett, Inc. | 6,049,541 | |||||
102,192 | Hudson Pacific Properties, Inc. | 679,577 | |||||
160,790 | Kilroy Realty Corp. | 5,082,572 | |||||
209,177 | SL Green Realty Corp. | 7,802,302 | |||||
218,990 | Vornado Realty Trust | 4,966,693 | |||||
36,766,095 | |||||||
REITs - Shopping Centers – 0.32% | |||||||
42,729 | Federal Realty Investment Trust | 3,872,529 | |||||
152,301 | Kimco Realty Corp. | 2,678,975 | |||||
6,551,504 | |||||||
REITs - Storage – 0.84% | |||||||
64,475 | Public Storage | 16,990,452 | |||||
REITs - Warehouse / Industrial – 0.25% | |||||||
44,965 | Prologis, Inc. | 5,045,523 | |||||
Retail - Apparel / Shoes – 0.03% | |||||||
92,232 | Chico’s FAS, Inc.* | 689,895 | |||||
Retail - Bedding – 0.00% | |||||||
24,173 | Bed, Bath & Beyond, Inc.* | 1,907 |
- 11 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (continued)
Shares | September 30, 2023 Fair Value | ||||||
Common Stock – (continued) | |||||||
United States – (continued) | |||||||
Retail - Major Department Stores – 0.35% | |||||||
465,972 | Nordstrom, Inc. | $ | 6,961,622 | ||||
Retail - Miscellaneous / Diversified – 0.12% | |||||||
278,261 | Sally Beauty Holdings, Inc.* | 2,331,827 | |||||
Retail - Regional Department Stores – 0.60% | |||||||
347,129 | Kohl’s Corp. | 7,275,824 | |||||
411,520 | Macy’s, Inc. | 4,777,747 | |||||
12,053,571 | |||||||
Retail - Restaurants – 0.10% | |||||||
63,307 | The Cheesecake Factory, Inc. | 1,918,202 | |||||
Telephone - Integrated – 1.13% | |||||||
530,351 | AT&T, Inc. | 7,965,872 | |||||
457,988 | Verizon Communications, Inc. | 14,843,391 | |||||
22,809,263 | |||||||
Transport - Services – 1.40% | |||||||
327,839 | CH Robinson Worldwide, Inc. | 28,236,773 | |||||
Total United States (Proceeds $793,562,144) | $ | 748,417,704 | |||||
Canada – 0.25% | |||||||
Medical - Drugs – 0.00% | |||||||
70,703 | Canopy Growth Corp.* | 55,219 | |||||
Private Equity – 0.25% | |||||||
163,064 | Brookfield Corp. | 5,099,011 | |||||
Total Canada (Proceeds $8,396,310) | $ | 5,154,230 | |||||
China – 1.98% | |||||||
Auto - Cars / Light Trucks – 1.15% | |||||||
239,040 | Li Auto, Inc. - Sponsored ADR* | 8,521,776 | |||||
999,602 | NIO, Inc. - Sponsored ADR* | 9,036,402 | |||||
310,481 | Xpeng, Inc. - Sponsored ADR* | 5,700,431 | |||||
23,258,609 | |||||||
Internet Content - Information / Network – 0.47% | |||||||
243,900 | Tencent Holdings, Ltd. | 9,535,701 | |||||
Metal Processors & Fabricates – 0.01% | |||||||
730,400 | China Zhongwang Holdings, Ltd.* | 156,677 | |||||
Retail - Drug Stores – 0.04% | |||||||
305,400 | Ping An Healthcare and Technology Co., Ltd.* | 712,822 | |||||
Wireless Equipment – 0.31% | |||||||
3,988,800 | Xiaomi Corp., Class B* | 6,284,823 | |||||
Total China (Proceeds $45,893,900) | $ | 39,948,632 |
- 12 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (continued)
Shares | September 30, 2023 Fair Value | ||||||
Common Stock – (continued) | |||||||
France – 0.47% | |||||||
Electronic Components - Semiconductors – 0.13% | |||||||
58,701 | STMicroelectronics NV | $ | 2,533,535 | ||||
REITs - Regional Malls – 0.10% | |||||||
85,473 | Klepierre SA* | 2,102,188 | |||||
REITs - Shopping Centers – 0.24% | |||||||
97,193 | Unibail-Rodamco-Westfield* | 4,810,720 | |||||
Total France (Proceeds $9,167,389) | $ | 9,446,443 | |||||
Germany – 1.12% | |||||||
Enterprise Software / Services – 1.12% | |||||||
173,453 | SAP SE | 22,555,078 | |||||
Total Germany (Proceeds $23,134,282) | $ | 22,555,078 | |||||
Hong Kong – 0.14% | |||||||
Electric - Integrated – 0.14% | |||||||
578,500 | Power Assets Holdings, Ltd. | 2,799,485 | |||||
Total Hong Kong (Proceeds $3,940,158) | $ | 2,799,485 | |||||
Israel – 1.20% | |||||||
Auto / Truck Parts & Equipment - Original – 0.58% | |||||||
280,951 | Mobileye Global, Inc., Class A* | 11,673,514 | |||||
Computer Data Security – 0.62% | |||||||
93,876 | Check Point Software Technologies, Ltd.* | 12,511,793 | |||||
Total Israel (Proceeds $20,333,156) | $ | 24,185,307 | |||||
Japan – 0.60% | |||||||
Auto - Cars / Light Trucks – 0.60% | |||||||
682,900 | Toyota Motor Corp. | 12,253,072 | |||||
Total Japan (Proceeds $9,375,311) | $ | 12,253,072 | |||||
Netherlands – 0.16% | |||||||
Semiconductor Components - Integrated Circuits – 0.16% | |||||||
16,205 | NXP Semiconductors NV | 3,239,704 | |||||
Total Netherlands (Proceeds $3,101,789) | $ | 3,239,704 | |||||
Switzerland – 0.35% | |||||||
Medical - Drugs – 0.35% | |||||||
69,059 | Novartis AG - Sponsored ADR | 7,034,350 | |||||
Total Switzerland (Proceeds $5,845,402) | $ | 7,034,350 |
- 13 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (concluded)
Shares | September 30, 2023 Fair Value | ||||||
Common Stock – (continued) | |||||||
Taiwan – 0.44% | |||||||
Semiconductor Components - Integrated Circuits – 0.44% | |||||||
1,263,812 | United Microelectronics Corp. - Sponsored ADR | $ | 8,922,513 | ||||
Total Taiwan (Proceeds $11,708,701) | $ | 8,922,513 | |||||
Total Common Stock (Proceeds $934,458,542) | $ | 883,956,518 | |||||
Total Securities Sold, Not Yet Purchased (Proceeds $934,458,542) | |||||||
$ | 883,956,518 | ||||||
* | Non-income producing security |
ADR | American Depository Receipt |
REIT | Real Estate Investment Trust |
- 14 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts
Notional Amount | Maturity Date* | September 30, 2023 Unrealized Gain *** | ||||||||
Swap Contracts -2.76% | ||||||||||
Total Return Swap Contracts - Unrealized Gain - 4.85% | ||||||||||
United States – 4.11% | ||||||||||
Private Equity - 0.29% | ||||||||||
$ | 33,447,533 | 6/3/2024 | The Carlyle Group, Inc. | $ | 5,854,908 | |||||
Agreement with Morgan Stanley, dated 11/16/2017 to receive the total return of the shares of The Carlyle Group, Inc. in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.45%**. | ||||||||||
Web Portals / ISP - 3.82% | ||||||||||
88,741,949 | 6/3/2024 | Alphabet, Inc., Class A | 77,179,745 | |||||||
Agreement with Morgan Stanley, dated 07/08/2011 to receive the total return of the shares of Alphabet Inc., Class A in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.45%**. | ||||||||||
Total United States | $ | 83,034,653 | ||||||||
Australia - 0.01% | ||||||||||
Commercial Banks - Non-US - 0.01% | ||||||||||
(7,908,498 | ) | 12/27/2024 | Commonwealth Bank of Australia | 192,331 | ||||||
Agreement with Morgan Stanley, dated 02/24/2016 to deliver the total return of the shares of Commonwealth Bank of Australia in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Total Australia | $ | 192,331 | ||||||||
Brazil – 0.11% | ||||||||||
Commercial Services - Finance - 0.11% | ||||||||||
(3,156,941 | ) | 2/3/2026 | Cielo SA | 2,196,387 | ||||||
Agreement with Morgan Stanley, dated 02/12/2019 to deliver the total return of the shares of Cielo SA in exchange for interest based on the Daily Fed Funds Effective Rate less 1.00%**. | ||||||||||
Total Brazil | $ | 2,196,387 | ||||||||
Japan - 0.24% | ||||||||||
Audio / Video Products - 0.17% | ||||||||||
(9,745,536 | ) | 12/24/2024 | Sharp Corp. | 3,459,007 | ||||||
Agreement with Morgan Stanley, dated 08/03/2012 to deliver the total return of the shares of Sharp Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.88%**. | ||||||||||
Bicycle Manufacturing - 0.05% | ||||||||||
(3,652,101 | ) | 12/24/2024 | Shimano, Inc. | 901,844 | ||||||
Agreement with Morgan Stanley, dated 05/09/2022 to deliver the total return of the shares of Shimano, Inc. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. |
- 15 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (continued)
Notional Amount | Maturity Date* | March 31, 2023 Unrealized Gain *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Gain - (continued) | ||||||||||
Japan – (continued) | ||||||||||
Office Automation & Equipment - 0.02% | ||||||||||
$ | (12,681,243 | ) | 12/24/2024 | Canon, Inc. | $ | 492,486 | ||||
Agreement with Morgan Stanley, dated 03/31/2020 to deliver the total return of the shares of Canon, Inc. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
(458,097 | ) | 12/24/2024 | Konica Minolta, Inc. | 82,758 | ||||||
Agreement with Morgan Stanley, dated 04/13/2011 to deliver the total return of the shares of Konica Minolta, Inc. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Total Japan | $ | 4,936,095 | ||||||||
Spain – 0.24% | ||||||||||
Building - Heavy Construction - 0.24% | ||||||||||
5,453,251 | 1/4/2024 | Cellnex Telecom SA | 4,914,651 | |||||||
Agreement with Morgan Stanley, dated 05/06/2015 to receive the total return of the shares of Cellnex Telecom SA in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.65%**. | ||||||||||
Total Spain | $ | 4,914,651 | ||||||||
Taiwan – 0.01% | ||||||||||
Electronic Components - Miscellaneous - 0.00% | ||||||||||
(2,157,364 | ) | 1/25/2024 | AUO Corp. | 73,416 | ||||||
Agreement with Morgan Stanley, dated 07/26/2012 to deliver the total return of the shares of AUO Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 2.65%**. | ||||||||||
Semiconductor Components - Integrated Circuits - 0.01% | ||||||||||
(816,219 | ) | 1/25/2024 | United Microelectronics Corp. - Sponsored ADR | 75,669 | ||||||
Agreement with Morgan Stanley, dated 08/08/2013 to deliver the total return of the shares of United Microelectronics Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 2.13%**. | ||||||||||
Total Taiwan | $ | 149,085 |
- 16 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (continued)
Notional Amount | Maturity Date* | September 30, 2023 Unrealized Gain *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Gain - (continued) | ||||||||||
United Kingdom – 0.13% | ||||||||||
Cosmetics & Toiletries - 0.05% | ||||||||||
$ | (12,736,595 | ) | 1/4/2024 | Unilever PLC | $ | 886,183 | ||||
Agreement with Morgan Stanley, dated 12/23/2019 to deliver the total return of the shares of Unilever PLC in exchange for interest based on the Daily Fed Funds Effective Rate less 0.35%**. | ||||||||||
Food - Retail - 0.06% | ||||||||||
(2,809,668 | ) | 12/14/2023 | Marks & Spencer Group PLC | 1,291,035 | ||||||
Agreement with Morgan Stanley, dated 02/16/2016 to deliver the total return of the shares of Marks & Spencer Group PLC in exchange for interest based on the Daily Fed Funds Effective Rate less 0.30%**. | ||||||||||
Retail - Apparel / Shoes - 0.02% | ||||||||||
(3,044,565 | ) | 12/14/2023 | Next PLC | 360,852 | ||||||
Agreement with Morgan Stanley, dated 03/24/2016 to deliver the total return of the shares of Next PLC in exchange for interest based on the Daily Fed Funds Effective Rate less 0.30%**. | ||||||||||
Total United Kingdom | $ | 2,538,070 | ||||||||
Total Return Swap Contracts - Unrealized Gain**** | $ | 97,961,272 |
- 17 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (continued)
Notional Amount | Maturity Date* | September 30, 2023 Unrealized Loss *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Loss - (2.09%) | ||||||||||
Australia - (0.01%) | ||||||||||
Retail - Building Products - (0.01%) | ||||||||||
$ | (4,256,225 | ) | 12/27/2024 | Wesfarmers, Ltd. | $ | (233,737 | ) | |||
Agreement with Morgan Stanley, dated 12/23/2014 to deliver the total return of the shares of Westfarmers, Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Total Australia | $ | (233,737 | ) | |||||||
Brazil – (0.48%) | ||||||||||
Finance - Other Services - (0.10%) | ||||||||||
20,365,724 | 2/3/2026 | B3 SA-Brasil Bolsa Balcao | (2,104,264 | ) | ||||||
Agreement with Morgan Stanley, dated 01/30/2019 to receive the total return of the shares of B3 SA-Brasil Bolsa Balcao in exchange for interest based on the Daily Fed Funds Effective Rate plus 1.00%**. | ||||||||||
Retail - Discount - (0.38%) | ||||||||||
15,817,888 | 2/3/2026 | Magazine Luiza SA | (7,647,544 | ) | ||||||
Agreement with Morgan Stanley, dated 07/02/2019 to receive the total return of the shares of Magazine Luiza SA in exchange for interest based on the Daily Fed Funds Effective Rate plus 1.00%**. | ||||||||||
Total Brazil | $ | (9,751,808 | ) | |||||||
China – (0.94%) | ||||||||||
Applications Software - (0.94%) | ||||||||||
29,159,188 | 7/16/2024 | Glodon Co., Ltd., Class A | (18,851,583 | ) | ||||||
Agreement with Morgan Stanley, dated 07/10/2020 to receive the total return of the shares of Glodon Co., Ltd., Class A in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.85%**. | ||||||||||
Total China | $ | (18,851,583 | ) | |||||||
Ireland – (0.06%) | ||||||||||
Commercial Services - Finance - (0.06%) | ||||||||||
4,203,853 | 12/14/2023 | Experian PLC | (1,163,134 | ) | ||||||
Agreement with Morgan Stanley, dated 09/07/2021 to receive the total return of the shares of Experian PLC in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.65%**. | ||||||||||
Total Ireland | $ | (1,163,134 | ) |
- 18 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (continued)
Notional Amount | Maturity Date* | September 30, 2023 Unrealized Loss *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Loss - (continued) | ||||||||||
Japan – (0.35%) | ||||||||||
Office Automation & Equipment - (0.02%) | ||||||||||
$ | (7,323,581 | ) | 12/24/2024 | Ricoh Co., Ltd. | $ | (469,756 | ) | |||
Agreement with Morgan Stanley, dated 05/24/2012 to deliver the total return of the shares of Ricoh Co., Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Semiconductor Equipment - (0.33%) | ||||||||||
(27,950,666 | ) | 12/24/2024 | Advantest Corp. | (3,512,158 | ) | |||||
Agreement with Morgan Stanley, dated 08/26/2011 to deliver the total return of the shares of Advantest Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
(28,257,925 | ) | 12/24/2024 | Tokyo Electron, Ltd. | (3,000,097 | ) | |||||
Agreement with Morgan Stanley, dated 11/10/2020 to deliver the total return of the shares of Tokyo Electron, Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Total Japan | $ | (6,982,011 | ) | |||||||
South Korea – (0.06%) | ||||||||||
Petrochemicals - (0.06%) | ||||||||||
6,034,007 | 8/14/2028 | LG Chem, Ltd. | (1,221,281 | ) | ||||||
Agreement with Morgan Stanley, dated 01/07/2022 to receive the total return of the shares of LG Chem, Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.90%**. | ||||||||||
Total South Korea | $ | (1,221,281 | ) | |||||||
Sweden – (0.00%) | ||||||||||
Auto - Cars / Light Trucks - (0.00%) | ||||||||||
(1,511,193 | ) | 1/4/2024 | Volvo Car AB | (1,094 | ) | |||||
Agreement with Morgan Stanley, dated 10/24/2022 to deliver the total return of the shares of Volvo Car AB in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Total Sweden | $ | (1,094 | ) |
- 19 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (concluded)
Notional Amount | Maturity Date* | September 30, 2023 Unrealized Loss *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Loss - (continued) | ||||||||||
Taiwan – (0.17%) | ||||||||||
Power Conversion / Supply Equipment - (0.17%) | ||||||||||
$ | 22,420,209 | 1/25/2024 | Delta Electronics, Inc. | $ | (3,462,020 | ) | ||||
Agreement with Morgan Stanley, dated 06/14/2023 to receive the total return of the shares of Delta Electronics, Inc, in exchange for interest based on the Daily Fed Funds Effective Rate plus 1.25%**. | ||||||||||
Semiconductor Components - Integrated Circuits - (0.00%) | ||||||||||
(7,986,212 | ) | 1/25/2024 | Novatek Microelectronics, Ltd. | (42,099 | ) | |||||
Agreement with Morgan Stanley, dated 07/19/2013 to deliver the total return of the shares of Novatek Microelectronics, Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 3.38%**. | ||||||||||
Total Taiwan | $ | (3,504,119 | ) | |||||||
United Kingdom – (0.02%) | ||||||||||
Building - Maintenance & Service - (0.02%) | ||||||||||
5,708,270 | 12/14/2023 | Rentokil Initial PLC | (457,508 | ) | ||||||
Agreement with Morgan Stanley, dated 07/12/2023 to receive the total return of the shares of Rentokil Initial PLC in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.65%**. | ||||||||||
Total United Kingdom | $ | (457,508 | ) | |||||||
Total Return Swap Contracts - Unrealized Loss***** | $ | (42,166,275 | ) | |||||||
Total Swap Contracts, net | $ | 55,794,997 |
* | Per the terms of the executed swap agreement, no periodic payments were made. A single payment is made upon the maturity of each swap contract. | |
** | Financing rate is variable. Rate indicated is as of September 30, 2023. | |
*** | The fair value of the Total Return Swap Contracts is the same as the unrealized gain/(loss). For this reason, fair value has not been separately shown. Additionally, there were no upfront payments or receipts related to any of the Total Return Swap Contracts. | |
**** | Includes all Total Return Swap Contracts in a gain position. The unrealized gain on these contracts are included as part of unrealized gain on Total Return Swap Contracts in the Statement of Assets, Liabilities and Members’ Capital. | |
***** | Includes all Total Return Swap Contracts in a loss position. The unrealized loss on these contracts are included as part of unrealized loss on Total Return Swap Contracts in the Statement of Assets, Liabilities and Members’ Capital. |
- 20 - |
The following is a summary of the inputs used, as of September 30, 2023, in valuing the Company’s investments at fair value
Assets: | Liabilities: | |||||||||
Valuation Inputs | Valuation Inputs | |||||||||
Level 1 - Quoted Prices | Level 1 - Quoted Prices | |||||||||
Investments in Securities | Securities Sold, Not Yet Purchased | |||||||||
Common Stock | $ | 2,239,184,253 | Common Stock | $ | 883,956,518 | |||||
Equity Options | 266,802,877 | Equity Options | - | |||||||
Level 2 - Other Significant | Level 2 - Other Significant | |||||||||
Observable Inputs | Observable Inputs | |||||||||
Total Return Swaps | 97,961,272 | Total Return Swaps | 42,166,275 | |||||||
Currency Options | 864,612 | Currency Options | - | |||||||
Level 3 - Other Significant | Level 3 - Other Significant | |||||||||
Unobservable Inputs | - | Unobservable Inputs | - | |||||||
Total | $ | 2,604,813,014 | Total | $ | 926,122,793 |
- 21 - |