Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
INVESTMENT IN SECURITIES 80.6% |
||||||||||||
COMMON STOCK 18.7% |
||||||||||||
Africa 0.0% |
||||||||||||
Materials 0.0% |
||||||||||||
IAMGOLD Corp. (a) |
74,300 | $ | 187,979 | |||||||||
Sasol Ltd., ADR |
300 | 2,982 | ||||||||||
Sibanye Stillwater Ltd., ADR |
3,500 | 19,005 | ||||||||||
|
|
|||||||||||
209,966 | ||||||||||||
|
|
|||||||||||
Total Africa |
|
209,966 | ||||||||||
|
|
|||||||||||
Asia 0.2% |
||||||||||||
Automobiles & Components 0.1% |
||||||||||||
Kandi Technologies Group, Inc. (a) |
200 | 560 | ||||||||||
Li Auto, Inc., ADR (a) |
108,000 | 4,042,440 | ||||||||||
|
|
|||||||||||
4,043,000 | ||||||||||||
|
|
|||||||||||
Capital Goods 0.0% |
||||||||||||
BAIYU Holdings, Inc. (a) |
112 | 185 | ||||||||||
China Yuchai International Ltd. |
245 | 2,053 | ||||||||||
Euro Tech Holdings Co. Ltd. (a) |
150 | 246 | ||||||||||
Textainer Group Holdings Ltd. |
1,700 | 83,640 | ||||||||||
|
|
|||||||||||
86,124 | ||||||||||||
|
|
|||||||||||
Commercial & Professional Services 0.0% |
||||||||||||
TaskUS, Inc., Class A (a) |
3,300 | 43,131 | ||||||||||
TDCX, Inc., ADR (a) |
2,300 | 11,155 | ||||||||||
TELUS International CDA, Inc. (a) |
400 | 3,432 | ||||||||||
WNS Holdings Ltd., ADR (a) |
700 | 44,240 | ||||||||||
|
|
|||||||||||
101,958 | ||||||||||||
|
|
|||||||||||
Consumer Discretionary Distribution & Retail 0.1% |
||||||||||||
Baozun, Inc., ADR (a) |
10,600 | 29,044 | ||||||||||
JD.com, Inc., ADR |
74,100 | 2,140,749 | ||||||||||
|
|
|||||||||||
2,169,793 | ||||||||||||
|
|
|||||||||||
Consumer Services 0.0% |
||||||||||||
Melco Resorts & Entertainment Ltd., ADR (a) |
7,000 | 62,090 | ||||||||||
New Oriental Education & Technology Group, Inc., ADR (a) |
8,810 | 645,597 | ||||||||||
TAL Education Group, ADR (a) |
4,000 | 50,520 | ||||||||||
Yum China Holdings, Inc. |
200 | 8,486 | ||||||||||
|
|
|||||||||||
766,693 | ||||||||||||
|
|
|||||||||||
Financial Services 0.0% |
||||||||||||
FinVolution Group, ADR |
7,500 | 36,750 | ||||||||||
LexinFintech Holdings Ltd., ADR |
10,800 | 19,872 | ||||||||||
Lufax Holding Ltd., ADR |
6,900 | 21,183 | ||||||||||
Noah Holdings Ltd., ADR |
1,100 | 15,191 | ||||||||||
|
|
|||||||||||
92,996 | ||||||||||||
|
|
|||||||||||
Materials 0.0% |
||||||||||||
Tantech Holdings Ltd., (a) |
38 | 45 | ||||||||||
|
|
|||||||||||
Media & Entertainment 0.0% |
||||||||||||
Autohome, Inc., ADR |
1,700 | 47,702 | ||||||||||
DouYu International Holdings Ltd., ADR (a) |
400 | 380 | ||||||||||
GigaMedia Ltd. (a) |
100 | 139 |
See Notes to Consolidated Schedule of Investments.
1
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
Hello Group, Inc., ADR (a) |
19,800 | $ | 137,610 | |||||||||
Weibo Corp., ADR (a) |
7,000 | 76,650 | ||||||||||
|
|
|||||||||||
262,481 | ||||||||||||
|
|
|||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% |
||||||||||||
Gracell Biotechnologies, Inc., ADR (a) |
300 | 3,012 | ||||||||||
I-Mab, ADR (a) |
8,900 | 16,910 | ||||||||||
Sinovac Biotech Ltd. (a),(b) |
200 | 1,294 | ||||||||||
|
|
|||||||||||
21,216 | ||||||||||||
|
|
|||||||||||
Semiconductors & Semiconductor Equipment 0.0% |
||||||||||||
Allegro MicroSystems, Inc. (a) |
2,400 | 72,648 | ||||||||||
ChipMOS Technologies, Inc., ADR |
200 | 5,442 | ||||||||||
Himax Technologies, Inc., ADR |
9,900 | 60,093 | ||||||||||
Kulicke & Soffa Industries, Inc. |
100 | 5,472 | ||||||||||
Magnachip Semiconductor Corp. (a) |
6,900 | 51,750 | ||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd., ADR (c) |
12,226 | 1,271,504 | ||||||||||
|
|
|||||||||||
1,466,909 | ||||||||||||
|
|
|||||||||||
Software & Services 0.0% |
||||||||||||
Agora, Inc., ADR (a) |
6,100 | 16,043 | ||||||||||
Cellebrite DI Ltd. (a) |
14,700 | 127,302 | ||||||||||
Taoping, Inc. (a) |
100 | 145 | ||||||||||
|
|
|||||||||||
143,490 | ||||||||||||
|
|
|||||||||||
Technology Hardware & Equipment 0.0% |
||||||||||||
Zepp Health Corp., ADR (a) |
100 | 142 | ||||||||||
|
|
|||||||||||
Transportation 0.0% |
||||||||||||
MingZhu Logistics Holdings Ltd. (a) |
21 | 10 | ||||||||||
ZTO Express Cayman, Inc., ADR (a) |
1,100 | 23,408 | ||||||||||
|
|
|||||||||||
23,418 | ||||||||||||
|
|
|||||||||||
Total Asia |
9,178,265 | |||||||||||
|
|
|||||||||||
Europe 0.2% |
||||||||||||
Capital Goods 0.1% |
||||||||||||
Airbus SE (c) |
11,613 | 1,792,004 | ||||||||||
CNH Industrial NV |
11,100 | 135,198 | ||||||||||
FREYR Battery SA (a) |
5,900 | 11,033 | ||||||||||
Luxfer Holdings PLC, ADR |
2,700 | 24,138 | ||||||||||
|
|
|||||||||||
1,962,373 | ||||||||||||
|
|
|||||||||||
Consumer Durables & Apparel 0.0% |
||||||||||||
Birkenstock Holding PLC (a) |
30,015 | 1,462,631 | ||||||||||
Ermenegildo Zegna NV |
2,900 | 33,553 | ||||||||||
|
|
|||||||||||
1,496,184 | ||||||||||||
|
|
|||||||||||
Energy 0.1% |
||||||||||||
Ardmore Shipping Corp. |
4,700 | 66,223 | ||||||||||
BP PLC (c) |
8,665 | 51,486 | ||||||||||
Eni SpA (c) |
13,488 | 228,533 | ||||||||||
Frontline PLC |
45,100 | 904,255 | ||||||||||
KNOT Offshore Partners LP |
900 | 5,184 | ||||||||||
Seadrill Ltd. (a) |
4,600 | 217,488 | ||||||||||
Shell PLC (c) |
45,721 | 1,504,116 | ||||||||||
StealthGas, Inc. (a) |
1,300 | 8,398 |
See Notes to Consolidated Schedule of Investments.
2
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
TORM PLC, Class A |
7,200 | $ | 218,952 | |||||||||
TotalEnergies SE (c) |
9,434 | 641,543 | ||||||||||
Tsakos Energy Navigation Ltd. |
5,400 | 119,988 | ||||||||||
|
|
|||||||||||
3,966,166 | ||||||||||||
|
|
|||||||||||
Food, Beverage & Tobacco 0.0% |
||||||||||||
Nomad Foods Ltd., (a) |
5,900 | 100,005 | ||||||||||
|
|
|||||||||||
Materials 0.0% |
||||||||||||
ArcelorMittal SA |
34,400 | 976,616 | ||||||||||
Orion SA |
2,900 | 80,417 | ||||||||||
|
|
|||||||||||
1,057,033 | ||||||||||||
|
|
|||||||||||
Media & Entertainment 0.0% |
||||||||||||
Criteo SA, ADR (a) |
4,400 | 111,408 | ||||||||||
Gambling.com Group Ltd. (a) |
2,300 | 22,425 | ||||||||||
Trivago NV, ADR (a) |
1,200 | 2,928 | ||||||||||
|
|
|||||||||||
136,761 | ||||||||||||
|
|
|||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% |
||||||||||||
Affimed NV (a) |
13,400 | 8,375 | ||||||||||
Amarin Corp. PLC, ADR (a) |
43,600 | 37,932 | ||||||||||
ATAI Life Sciences NV (a) |
3,500 | 4,935 | ||||||||||
Bicycle Therapeutics PLC, ADR (a) |
2,600 | 47,008 | ||||||||||
Immatics NV (a) |
900 | 9,477 | ||||||||||
Immunocore Holdings PLC, ADR (a) |
600 | 40,992 | ||||||||||
InflaRx NV (a) |
200 | 326 | ||||||||||
Merus NV (a) |
6,600 | 181,500 | ||||||||||
ProQR Therapeutics NV (a) |
4,200 | 8,316 | ||||||||||
Prothena Corp. PLC (a) |
5,000 | 181,700 | ||||||||||
Verona Pharma PLC, ADR (a) |
1,800 | 35,784 | ||||||||||
|
|
|||||||||||
556,345 | ||||||||||||
|
|
|||||||||||
Software & Services 0.0% |
||||||||||||
Materialise NV, ADR (a) |
500 | 3,282 | ||||||||||
Opera Ltd., ADR |
2,000 | 26,460 | ||||||||||
|
|
|||||||||||
29,742 | ||||||||||||
|
|
|||||||||||
Transportation 0.0% |
||||||||||||
Aduro Biotech, Inc. (a),(b) |
1,040 | | ||||||||||
Diana Shipping, Inc. |
400 | 1,188 | ||||||||||
Global Ship Lease, Inc., Class A |
300 | 5,946 | ||||||||||
Golden Ocean Group Ltd. |
2,700 | 26,352 | ||||||||||
|
|
|||||||||||
33,486 | ||||||||||||
|
|
|||||||||||
Total Europe |
9,338,095 | |||||||||||
|
|
|||||||||||
Middle East 0.1% |
||||||||||||
Capital Goods 0.0% |
||||||||||||
Kornit Digital Ltd., (a) |
3,200 | 61,312 | ||||||||||
|
|
|||||||||||
Consumer Discretionary Distribution & Retail 0.0% |
||||||||||||
D-MARKET Elektronik Hizmetler ve Ticaret AS, ADR (a) |
900 | 1,620 | ||||||||||
|
|
|||||||||||
Materials 0.0% |
||||||||||||
Eldorado Gold Corp., (a) |
17,500 | 226,975 | ||||||||||
|
|
|||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% |
||||||||||||
Chemomab Therapeutics Ltd., ADR (a) |
100 | 51 |
See Notes to Consolidated Schedule of Investments.
3
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
Compugen Ltd. (a) |
4,800 | $ | 9,504 | |||||||||
Galmed Pharmaceuticals Ltd (a) |
500 | 227 | ||||||||||
Oramed Pharmaceuticals, Inc. (a) |
4,800 | 11,088 | ||||||||||
|
|
|||||||||||
20,870 | ||||||||||||
|
|
|||||||||||
Semiconductors & Semiconductor Equipment 0.0% |
||||||||||||
Camtek Ltd. (a) |
1,300 | 90,194 | ||||||||||
Valens Semiconductor Ltd. (a) |
600 | 1,470 | ||||||||||
|
|
|||||||||||
91,664 | ||||||||||||
|
|
|||||||||||
Software & Services 0.1% |
||||||||||||
JFrog Ltd. (a) |
10,400 | 359,944 | ||||||||||
Radware Ltd. (a) |
1,400 | 23,352 | ||||||||||
Sapiens International Corp. NV |
1,000 | 28,940 | ||||||||||
Wix.com Ltd. (a) |
5,500 | 676,610 | ||||||||||
|
|
|||||||||||
1,088,846 | ||||||||||||
|
|
|||||||||||
Technology Hardware & Equipment 0.0% |
||||||||||||
AudioCodes Ltd. |
1,100 | 13,277 | ||||||||||
Ceragon Networks Ltd. (a) |
400 | 864 | ||||||||||
Ituran Location & Control Ltd. |
500 | 13,620 | ||||||||||
Silicom Ltd. (a) |
100 | 1,810 | ||||||||||
|
|
|||||||||||
29,571 | ||||||||||||
|
|
|||||||||||
Total Middle East |
1,520,858 | |||||||||||
|
|
|||||||||||
North America 18.1% |
||||||||||||
Automobiles & Components 0.2% |
||||||||||||
Adient PLC (a) |
4,400 | 159,984 | ||||||||||
Atmus Filtration Technologies, Inc. (a) |
2,700 | 63,423 | ||||||||||
Cooper-Standard Holdings, Inc. (a) |
2,600 | 50,804 | ||||||||||
Ford Motor Co. |
235,700 | 2,873,183 | ||||||||||
General Motors Co. |
63,800 | 2,291,696 | ||||||||||
Gentex Corp. |
9,200 | 300,472 | ||||||||||
Gentherm, Inc. (a) |
1,700 | 89,012 | ||||||||||
Holley, Inc. (a) |
700 | 3,409 | ||||||||||
Motorcar Parts of America, Inc. (a) |
500 | 4,670 | ||||||||||
Mullen Automotive, Inc. (a) |
1 | 14 | ||||||||||
QuantumScape Corp. (a) |
300 | 2,085 | ||||||||||
Rivian Automotive, Inc., Class A (a) |
143,100 | 3,357,126 | ||||||||||
Standard Motor Products, Inc. |
1,200 | 47,772 | ||||||||||
Stoneridge, Inc. (a) |
1,200 | 23,484 | ||||||||||
Superior Industries International, Inc. (a) |
1,100 | 3,520 | ||||||||||
|
|
|||||||||||
9,270,654 | ||||||||||||
|
|
|||||||||||
Banks 2.6% |
||||||||||||
1st Source Corp. |
300 | 16,485 | ||||||||||
Ameris Bancorp |
170,341 | 9,036,590 | ||||||||||
Ames National Corp. |
300 | 6,402 | ||||||||||
Arrow Financial Corp. |
722 | 20,173 | ||||||||||
Bank of Hawaii Corp. |
24,060 | 1,743,388 | ||||||||||
Bank of Marin Bancorp |
9,711 | 213,836 | ||||||||||
BankFinancial Corp. |
155 | 1,590 | ||||||||||
Banner Corp. |
800 | 42,848 | ||||||||||
Bar Harbor Bankshares |
200 | 5,872 |
See Notes to Consolidated Schedule of Investments.
4
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
BayCom Corp. |
200 | $ | 4,718 | |||||||
Blue Ridge Bankshares, Inc. |
100 | 303 | ||||||||
Bridgewater Bancshares, Inc. (a) |
500 | 6,760 | ||||||||
Brookline Bancorp, Inc. |
297 | 3,240 | ||||||||
Business First Bancshares, Inc. |
700 | 17,255 | ||||||||
Byline Bancorp, Inc. |
1,000 | 23,560 | ||||||||
Camden National Corp. |
400 | 15,052 | ||||||||
Capital Bancorp, Inc. |
100 | 2,420 | ||||||||
Capital City Bank Group, Inc. |
200 | 5,886 | ||||||||
Capstar Financial Holdings, Inc. |
200 | 3,748 | ||||||||
Carter Bankshares, Inc. (a) |
700 | 10,479 | ||||||||
Central Pacific Financial Corp. |
5,920 | 116,506 | ||||||||
Central Valley Community Bancorp |
100 | 2,235 | ||||||||
Citigroup, Inc. |
35,903 | 1,846,850 | ||||||||
Civista Bancshares, Inc. |
200 | 3,688 | ||||||||
CNB Financial Corp. |
2,893 | 65,353 | ||||||||
Coastal Financial Corp. (a) |
400 | 17,764 | ||||||||
Codorus Valley Bancorp, Inc. |
100 | 2,570 | ||||||||
Colony Bankcorp, Inc. |
500 | 6,650 | ||||||||
Comerica, Inc. |
106,501 | 5,943,821 | ||||||||
Commerce Bancshares, Inc. |
19,946 | 1,065,316 | ||||||||
Community Trust Bancorp, Inc. |
400 | 17,544 | ||||||||
ConnectOne Bancorp, Inc. |
1,400 | 32,074 | ||||||||
CrossFirst Bankshares, Inc. (a) |
1,000 | 13,580 | ||||||||
Eagle Bancorp, Inc. |
2,700 | 81,378 | ||||||||
ECB Bancorp, Inc. (a) |
100 | 1,252 | ||||||||
Equity Bancshares, Inc., Class A |
200 | 6,780 | ||||||||
Esquire Financial Holdings, Inc. |
200 | 9,992 | ||||||||
Farmers National Banc Corp. |
800 | 11,560 | ||||||||
Financial Institutions, Inc. |
500 | 10,650 | ||||||||
First Bancorp |
800 | 29,608 | ||||||||
First Bancshares, Inc. (The) |
94,806 | 2,780,660 | ||||||||
First Busey Corp. |
1,100 | 27,302 | ||||||||
First Citizens BancShares, Inc., Class A (c) |
188 | 266,766 | ||||||||
First Community Bankshares, Inc. |
200 | 7,420 | ||||||||
First Community Corp. |
100 | 2,153 | ||||||||
First Financial Bankshares, Inc. |
6,400 | 193,920 | ||||||||
First Financial Corp. |
300 | 12,909 | ||||||||
First Foundation, Inc. |
5,100 | 49,368 | ||||||||
First Horizon Corp. |
775,161 | 10,976,280 | ||||||||
First Internet Bancorp |
200 | 4,838 | ||||||||
First of Long Island Corp. (The) |
500 | 6,620 | ||||||||
First Western Financial, Inc. (a) |
33,928 | 672,792 | ||||||||
Five Star Bancorp |
100 | 2,618 | ||||||||
FS Bancorp, Inc. |
100 | 3,696 | ||||||||
FVCBankcorp, Inc. (a) |
275 | 3,905 | ||||||||
German American Bancorp, Inc. |
700 | 22,687 | ||||||||
Great Southern Bancorp, Inc. |
100 | 5,935 | ||||||||
Guaranty Bancshares, Inc. |
100 | 3,362 | ||||||||
Hanmi Financial Corp. |
1,600 | 31,040 | ||||||||
Heartland Financial USA, Inc. |
1,500 | 56,415 | ||||||||
Heritage Commerce Corp. |
3,200 | 31,744 |
See Notes to Consolidated Schedule of Investments.
5
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Heritage Financial Corp. |
2,000 | $ | 42,780 | |||||||
Hilltop Holdings, Inc. |
134,056 | 4,720,112 | ||||||||
Hingham Institution For Savings The |
18,752 | 3,645,389 | ||||||||
HomeStreet, Inc. |
400 | 4,120 | ||||||||
HomeTrust Bancshares, Inc. |
300 | 8,076 | ||||||||
Hope Bancorp, Inc. |
2,400 | 28,992 | ||||||||
Horizon Bancorp, Inc. |
1,600 | 22,896 | ||||||||
Independent Bank Corp. |
500 | 13,010 | ||||||||
Independent Bank Group, Inc. |
900 | 45,792 | ||||||||
International Bancshares Corp. |
90,102 | 4,894,341 | ||||||||
Investar Holding Corp. |
100 | 1,491 | ||||||||
Kearny Financial Corp. |
700 | 6,279 | ||||||||
Lakeland Bancorp, Inc. |
2,035 | 30,098 | ||||||||
Lakeland Financial Corp. |
300 | 19,548 | ||||||||
LCNB Corp. |
200 | 3,154 | ||||||||
Live Oak Bancshares, Inc. |
2,200 | 100,100 | ||||||||
Luther Burbank Corp. (a) |
200 | 2,142 | ||||||||
Macatawa Bank Corp. |
600 | 6,768 | ||||||||
Mercantile Bank Corp. |
300 | 12,114 | ||||||||
Meridian Corp. |
100 | 1,390 | ||||||||
Metrocity Bankshares, Inc. |
200 | 4,804 | ||||||||
Metropolitan Bank Holding Corp. (a) |
1,000 | 55,380 | ||||||||
Mid Penn Bancorp, Inc. |
200 | 4,856 | ||||||||
Midland States Bancorp, Inc. |
600 | 16,536 | ||||||||
MidWestOne Financial Group, Inc. |
200 | 5,382 | ||||||||
New York Community Bancorp, Inc. (c) |
4,168 | 42,639 | ||||||||
Northeast Bank |
100 | 5,519 | ||||||||
Northfield Bancorp, Inc. |
300 | 3,774 | ||||||||
Northrim BanCorp, Inc. |
100 | 5,721 | ||||||||
OceanFirst Financial Corp. |
2,600 | 45,136 | ||||||||
OFG Bancorp |
2,100 | 78,708 | ||||||||
Old Second Bancorp, Inc. |
1,800 | 27,792 | ||||||||
OP Bancorp |
200 | 2,190 | ||||||||
Pacific Premier Bancorp, Inc. |
300 | 8,733 | ||||||||
PCB Bancorp |
300 | 5,529 | ||||||||
Peapack-Gladstone Financial Corp. |
29,731 | 886,578 | ||||||||
Penns Woods Bancorp, Inc. |
300 | 6,753 | ||||||||
Peoples Bancorp, Inc. |
900 | 30,384 | ||||||||
Pinnacle Financial Partners, Inc. |
125,094 | 10,910,699 | ||||||||
Preferred Bank |
400 | 29,220 | ||||||||
Premier Financial Corp. |
100 | 2,410 | ||||||||
Primis Financial Corp. |
600 | 7,596 | ||||||||
Provident Bancorp, Inc. (a) |
500 | 5,035 | ||||||||
QCR Holdings, Inc. |
200 | 11,678 | ||||||||
RBB Bancorp |
400 | 7,616 | ||||||||
Renasant Corp. |
600 | 20,208 | ||||||||
Riverview Bancorp, Inc. |
200 | 1,280 | ||||||||
S&T Bancorp, Inc. |
500 | 16,710 | ||||||||
Sandy Spring Bancorp, Inc. |
43,548 | 1,186,247 | ||||||||
Seacoast Banking Corp. of Florida |
315,022 | 8,965,526 | ||||||||
Shore Bancshares, Inc. |
600 | 8,550 | ||||||||
Sierra Bancorp |
200 | 4,510 |
See Notes to Consolidated Schedule of Investments.
6
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
SmartFinancial, Inc. |
200 | $ | 4,898 | |||||||
South Plains Financial, Inc. |
300 | 8,688 | ||||||||
Southern First Bancshares, Inc. (a) |
100 | 3,710 | ||||||||
Southern Missouri Bancorp, Inc. |
100 | 5,339 | ||||||||
Southside Bancshares, Inc. |
700 | 21,924 | ||||||||
Stock Yards Bancorp, Inc. |
400 | 20,596 | ||||||||
Synovus Financial Corp. |
260,103 | 9,792,878 | ||||||||
Territorial Bancorp, Inc. |
100 | 1,115 | ||||||||
Texas Capital Bancshares, Inc. (a) |
141,779 | 9,163,177 | ||||||||
Third Coast Bancshares, Inc. (a) |
100 | 1,987 | ||||||||
Tompkins Financial Corp. |
100 | 6,023 | ||||||||
Towne Bank |
200 | 5,952 | ||||||||
TriCo Bancshares |
700 | 30,079 | ||||||||
Truist Financial Corp. |
152,157 | 5,617,636 | ||||||||
TrustCo Bank Corp. |
520 | 16,146 | ||||||||
Trustmark Corp. |
1,100 | 30,668 | ||||||||
Univest Financial Corp. |
1,000 | 22,030 | ||||||||
US Bancorp |
26,747 | 1,157,610 | ||||||||
USCB Financial Holdings, Inc. (a) |
100 | 1,225 | ||||||||
Washington Trust Bancorp, Inc. |
500 | 16,190 | ||||||||
Wells Fargo & Co. |
100,424 | 4,942,869 | ||||||||
WesBanco, Inc. |
100 | 3,137 | ||||||||
West BanCorp, Inc. |
200 | 4,240 | ||||||||
Westamerica BanCorp |
800 | 45,128 | ||||||||
Western New England Bancorp, Inc. |
400 | 3,600 | ||||||||
Wintrust Financial Corp. |
5,326 | 493,986 | ||||||||
Zions Bancorp NA |
19,900 | 873,013 | ||||||||
|
|
|||||||||
103,944,341 | ||||||||||
|
|
|||||||||
Capital Goods 2.1% |
||||||||||
A O Smith Corp. |
4,300 | 354,492 | ||||||||
AECOM |
1,900 | 175,617 | ||||||||
Air Lease Corp. |
1,000 | 41,940 | ||||||||
Albany International Corp., Class A |
600 | 58,932 | ||||||||
Allient, Inc. |
500 | 15,105 | ||||||||
Alta Equipment Group, Inc. |
1,200 | 14,844 | ||||||||
AMETEK, Inc. |
74,300 | 12,251,327 | ||||||||
Apogee Enterprises, Inc. |
1,500 | 80,115 | ||||||||
Archer Aviation, Inc., Class A (a) |
5,200 | 31,928 | ||||||||
Argan, Inc. |
600 | 28,074 | ||||||||
Arts-Way Manufacturing Co., Inc. (a) |
100 | 210 | ||||||||
Astronics Corp. (a) |
1,200 | 20,904 | ||||||||
AZEK Co., Inc. (The) (a) |
100 | 3,825 | ||||||||
Babcock & Wilcox Enterprises, Inc. (a) |
500 | 730 | ||||||||
Barnes Group, Inc. |
200 | 6,526 | ||||||||
Beacon Roofing Supply, Inc. (a) |
27,293 | 2,375,037 | ||||||||
Bloom Energy Corp., Class A (a) |
31,938 | 472,682 | ||||||||
Blue Bird Corp. (a) |
4,000 | 107,840 | ||||||||
BlueLinx Holdings, Inc. (a) |
1,000 | 113,310 | ||||||||
Broadwind, Inc. (a) |
700 | 1,939 | ||||||||
Caesarstone Ltd. (a) |
900 | 3,366 | ||||||||
ChargePoint Holdings, Inc. (a) |
4,100 | 9,594 |
See Notes to Consolidated Schedule of Investments.
7
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Columbus McKinnon Corp. |
900 | $ | 35,118 | |||||||
Commercial Vehicle Group, Inc. (a) |
2,900 | 20,329 | ||||||||
Concrete Pumping Holdings, Inc. (a) |
1,100 | 9,020 | ||||||||
Construction Partners, Inc., Class A (a) |
100 | 4,352 | ||||||||
Core & Main, Inc., Class A (a) |
76,264 | 3,081,828 | ||||||||
CSW Industrials, Inc. |
100 | 20,741 | ||||||||
Cummins, Inc. |
200 | 47,914 | ||||||||
Custom Truck One Source, Inc. (a) |
2,600 | 16,068 | ||||||||
Donaldson Co., Inc. |
3,300 | 215,655 | ||||||||
Douglas Dynamics, Inc. |
1,100 | 32,648 | ||||||||
Ducommun, Inc. (a) |
200 | 10,412 | ||||||||
DXP Enterprises, Inc. (a) |
600 | 20,220 | ||||||||
Emerson Electric Co. |
26,400 | 2,569,512 | ||||||||
Energy Recovery, Inc. (a) |
3,000 | 56,520 | ||||||||
Enovix Corp. (a) |
36,900 | 461,988 | ||||||||
Enpro, Inc. |
400 | 62,696 | ||||||||
Esab Corp. |
1,000 | 86,620 | ||||||||
EVI Industries, Inc. (a) |
100 | 2,373 | ||||||||
Federal Signal Corp. |
2,700 | 207,198 | ||||||||
Fluence Energy, Inc. (a) |
42,159 | 1,005,492 | ||||||||
Fluor Corp. (a) |
8,100 | 317,277 | ||||||||
FTAI Aviation Ltd. |
8,500 | 394,400 | ||||||||
Gates Industrial Corp. PLC (a) |
31,800 | 426,756 | ||||||||
GATX Corp. |
1,000 | 120,220 | ||||||||
Gibraltar Industries, Inc. (a) |
900 | 71,082 | ||||||||
Global Industrial Co. |
500 | 19,420 | ||||||||
GMS, Inc. (a) |
500 | 41,215 | ||||||||
Gorman-Rupp Co. (The) |
400 | 14,212 | ||||||||
Graco, Inc. |
70,300 | 6,099,228 | ||||||||
Great Lakes Dredge & Dock Corp. (a) |
4,300 | 33,024 | ||||||||
Griffon Corp. |
5,300 | 323,035 | ||||||||
H&E Equipment Services, Inc. |
2,600 | 136,032 | ||||||||
Hayward Holdings, Inc. (a) |
2,900 | 39,440 | ||||||||
HEICO Corp. |
1,800 | 321,966 | ||||||||
HEICO Corp., Class A |
48,000 | 6,837,120 | ||||||||
Helios Technologies, Inc. |
100 | 4,535 | ||||||||
Hexcel Corp. |
100 | 7,375 | ||||||||
Hudson Technologies, Inc. (a) |
2,200 | 29,678 | ||||||||
Hurco Cos., Inc. |
100 | 2,153 | ||||||||
Hydrofarm Holdings Group, Inc. (a) |
4,000 | 3,670 | ||||||||
IDEX Corp. |
41,800 | 9,075,198 | ||||||||
Ingersoll Rand, Inc. |
48 | 3,712 | ||||||||
Insteel Industries, Inc. |
400 | 15,316 | ||||||||
Janus International Group, Inc. (a) |
19,500 | 254,475 | ||||||||
Johnson Controls International PLC |
39,000 | 2,247,960 | ||||||||
Kaman Corp. |
1,100 | 26,345 | ||||||||
Karat Packaging, Inc. |
100 | 2,485 | ||||||||
Kennametal, Inc. |
5,600 | 144,424 | ||||||||
L B Foster Co., Class A (a) |
100 | 2,199 | ||||||||
Leonardo DRS, Inc. (a) |
42,021 | 842,101 | ||||||||
Lincoln Electric Holdings, Inc. |
100 | 21,746 | ||||||||
Lockheed Martin Corp. |
7,300 | 3,308,652 |
See Notes to Consolidated Schedule of Investments.
8
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
LSI Industries, Inc. |
2,800 | $ | 39,424 | |||||||
Manitowoc Co., Inc. (The) (a) |
4,300 | 71,767 | ||||||||
MasTec, Inc. (a) |
100 | 7,572 | ||||||||
Masterbrand, Inc. (a) |
13,300 | 197,505 | ||||||||
Matrix Service Co. (a) |
1,100 | 10,758 | ||||||||
Mayville Engineering Co., Inc. (a) |
900 | 12,978 | ||||||||
McGrath RentCorp |
1,100 | 131,582 | ||||||||
MDU Resources Group, Inc. |
3,900 | 77,220 | ||||||||
Mercury Systems, Inc. (a) |
700 | 25,599 | ||||||||
Miller Industries, Inc. |
300 | 12,687 | ||||||||
Momentus, Inc. (a) |
34 | 59 | ||||||||
MRC Global, Inc. (a) |
8,900 | 97,989 | ||||||||
Mueller Industries, Inc. |
2,100 | 99,015 | ||||||||
Mueller Water Products, Inc., Class A |
2,200 | 31,680 | ||||||||
MYR Group, Inc. (a) |
200 | 28,926 | ||||||||
NEXTracker, Inc., Class A (a) |
24,009 | 1,124,822 | ||||||||
NN, Inc. (a) |
1,200 | 4,800 | ||||||||
Northwest Pipe Co. (a) |
300 | 9,078 | ||||||||
NOW, Inc. (a) |
8,400 | 95,088 | ||||||||
Orion Group Holdings, Inc. (a) |
500 | 2,470 | ||||||||
Oshkosh Corp. |
4,100 | 444,481 | ||||||||
Park Aerospace Corp. |
500 | 7,350 | ||||||||
Powell Industries, Inc. |
300 | 26,520 | ||||||||
Proto Labs, Inc. (a) |
1,900 | 74,024 | ||||||||
Quanex Building Products Corp. |
500 | 15,285 | ||||||||
RBC Bearings, Inc. (a) |
42,088 | 11,990,450 | ||||||||
REV Group, Inc. |
1,200 | 21,804 | ||||||||
Rockwell Automation, Inc. |
3,100 | 962,488 | ||||||||
Rush Enterprises, Inc., Class A |
2,000 | 100,600 | ||||||||
Sarcos Technology & Robotics Corp. (a) |
33 | 24 | ||||||||
Shyft Group, Inc. (The) |
5,300 | 64,766 | ||||||||
Simpson Manufacturing Co., Inc. |
16,171 | 3,201,535 | ||||||||
Spirit AeroSystems Holdings, Inc., Class A (a) |
90,031 | 2,861,185 | ||||||||
SPX Technologies, Inc. (a) |
1,300 | 131,313 | ||||||||
Standex International Corp. |
100 | 15,838 | ||||||||
Sterling Infrastructure, Inc. (a) |
4,800 | 422,064 | ||||||||
SunPower Corp. (a) |
5,500 | 26,565 | ||||||||
Sunrun, Inc. (a),(c) |
40,827 | 801,434 | ||||||||
Symbotic, Inc. (a) |
500 | 25,665 | ||||||||
Tecnoglass, Inc. |
4,100 | 187,411 | ||||||||
Tennant Co. |
400 | 37,076 | ||||||||
Thermon Group Holdings, Inc. (a) |
2,200 | 71,654 | ||||||||
Timken Co. (The) |
1,300 | 104,195 | ||||||||
Titan International, Inc. (a) |
4,400 | 65,472 | ||||||||
Titan Machinery, Inc. (a) |
2,200 | 63,536 | ||||||||
Transcat, Inc. (a) |
300 | 32,799 | ||||||||
Trex Co., Inc. (a) |
1,300 | 107,627 | ||||||||
Triumph Group, Inc. (a) |
900 | 14,922 | ||||||||
Tutor Perini Corp. (a) |
3,400 | 30,940 | ||||||||
Ultralife Corp. (a) |
1,000 | 6,820 | ||||||||
Vertiv Holdings Co. |
54,000 | 2,593,620 | ||||||||
Vicor Corp. (a) |
3,000 | 134,820 |
See Notes to Consolidated Schedule of Investments.
9
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
View, Inc. (a) |
4 | $ | 15 | |||||||
Wabash National Corp. |
4,100 | 105,042 | ||||||||
Westinghouse Air Brake Technologies Corp. |
1,600 | 203,040 | ||||||||
Westport Fuel Systems, Inc. (a) |
900 | 5,958 | ||||||||
WillScot Mobile Mini Holdings Corp. (a) |
3,700 | 164,650 | ||||||||
Woodward, Inc. |
3,700 | 503,681 | ||||||||
|
|
|||||||||
83,029,180 | ||||||||||
|
|
|||||||||
Commercial & Professional Services 0.2% |
||||||||||
ABM Industries, Inc. |
500 | 22,415 | ||||||||
ACCO Brands Corp. |
9,900 | 60,192 | ||||||||
Asure Software, Inc. (a) |
3,300 | 31,416 | ||||||||
Automatic Data Processing, Inc. |
7,800 | 1,817,166 | ||||||||
Avalon Holdings Corp., Class A (a) |
200 | 478 | ||||||||
Barrett Business Services, Inc. |
200 | 23,160 | ||||||||
BGSF, Inc. |
200 | 1,880 | ||||||||
Brady Corp., Class A |
1,600 | 93,904 | ||||||||
BrightView Holdings, Inc. (a) |
5,600 | 47,152 | ||||||||
CACI International, Inc., Class A (a) |
100 | 32,386 | ||||||||
CBIZ, Inc. (a) |
1,700 | 106,403 | ||||||||
CECO Environmental Corp. (a) |
4,600 | 93,288 | ||||||||
Civeo Corp. |
525 | 11,996 | ||||||||
Conduent, Inc. (a) |
1,200 | 4,380 | ||||||||
Copart, Inc. (a) |
43,567 | 2,134,783 | ||||||||
CRA International, Inc. |
100 | 9,885 | ||||||||
CSG Systems International, Inc. |
700 | 37,247 | ||||||||
Ennis, Inc. |
700 | 15,337 | ||||||||
Enviri Corp. (a) |
6,800 | 61,200 | ||||||||
ExlService Holdings, Inc. (a) |
9,800 | 302,330 | ||||||||
Forrester Research, Inc. (a) |
500 | 13,405 | ||||||||
Franklin Covey Co. (a) |
600 | 26,118 | ||||||||
GEO Group, Inc. (The) (a) |
6,400 | 69,312 | ||||||||
Healthcare Services Group, Inc. (a) |
7,600 | 78,812 | ||||||||
Heidrick & Struggles International, Inc. |
700 | 20,671 | ||||||||
HNI Corp. |
1,034 | 43,252 | ||||||||
Huron Consulting Group, Inc. (a) |
1,500 | 154,200 | ||||||||
IBEX Holdings Ltd. (a) |
800 | 15,208 | ||||||||
ICF International, Inc. |
400 | 53,636 | ||||||||
Insperity, Inc. |
500 | 58,610 | ||||||||
Interface, Inc. |
3,100 | 39,122 | ||||||||
Jacobs Solutions, Inc. |
100 | 12,980 | ||||||||
Kelly Services, Inc., Class A |
1,200 | 25,944 | ||||||||
Legalzoom.com, Inc. (a) |
500 | 5,650 | ||||||||
Liquidity Services, Inc. (a) |
1,100 | 18,931 | ||||||||
Matthews International Corp., Class A |
1,200 | 43,980 | ||||||||
Millennium Corp. (a),(b),(c) |
60,879 | 1,521,975 | ||||||||
Mistras Group, Inc. (a) |
900 | 6,588 | ||||||||
Parsons Corp. (a) |
5,800 | 363,718 | ||||||||
Paycom Software, Inc. |
600 | 124,032 | ||||||||
Quad/Graphics, Inc. (a) |
100 | 542 | ||||||||
Resources Connection, Inc. |
1,900 | 26,923 | ||||||||
SP Plus Corp. (a) |
100 | 5,125 |
See Notes to Consolidated Schedule of Investments.
10
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Steelcase, Inc., Class A |
4,800 | $ | 64,896 | |||||||
TrueBlue, Inc. (a) |
1,200 | 18,408 | ||||||||
TTEC Holdings, Inc. |
2,600 | 56,342 | ||||||||
Upwork, Inc. (a) |
29,900 | 444,613 | ||||||||
Vestis Corp. |
2,500 | 52,850 | ||||||||
Viad Corp. (a) |
100 | 3,620 | ||||||||
Wilhelmina International, Inc. (a) |
100 | 405 | ||||||||
|
|
|||||||||
8,276,866 | ||||||||||
|
|
|||||||||
Consumer Discretionary Distribution & Retail 0.4% |
||||||||||
1-800-Flowers.com, Inc., Class A (a) |
2,800 | 30,184 | ||||||||
1stdibs.com, Inc. (a) |
1,200 | 5,616 | ||||||||
Aarons Co., Inc. (The) |
1,800 | 19,584 | ||||||||
Abercrombie & Fitch Co., Class A (a) |
5,200 | 458,744 | ||||||||
Advance Auto Parts, Inc. |
13,000 | 793,390 | ||||||||
Amazon.com, Inc. (a),(c) |
53,590 | 8,142,465 | ||||||||
American Eagle Outfitters, Inc. |
200 | 4,232 | ||||||||
Arhaus, Inc. (a) |
4,400 | 52,140 | ||||||||
Arko Corp. |
2,400 | 19,800 | ||||||||
Big Lots, Inc. |
6,000 | 46,740 | ||||||||
Build-A-Bear Workshop, Inc. (a) |
1,200 | 27,588 | ||||||||
Burlington Stores, Inc. (a),(c) |
1,615 | 314,085 | ||||||||
Camping World Holdings, Inc., Class A |
500 | 13,130 | ||||||||
Carvana Co. (a) |
25,000 | 1,323,500 | ||||||||
Cato Corp. (The), Class A |
1,800 | 12,852 | ||||||||
Chewy, Inc., Class A (a) |
1,600 | 37,808 | ||||||||
Childrens Place, Inc. (The) (a) |
2,700 | 62,694 | ||||||||
Citi Trends, Inc. (a) |
200 | 5,656 | ||||||||
Conns, Inc. (a) |
1,500 | 6,660 | ||||||||
Container Store Group, Inc. (The) (a) |
100 | 228 | ||||||||
Destination XL Group, Inc. (a) |
7,500 | 33,000 | ||||||||
Duluth Holdings, Inc., Class B (a) |
100 | 538 | ||||||||
eBay, Inc. |
1,000 | 43,620 | ||||||||
Foot Locker, Inc. (a),(c) |
3,720 | 115,878 | ||||||||
Gap, Inc. (The) |
21,100 | 441,201 | ||||||||
Group 1 Automotive, Inc. |
100 | 30,474 | ||||||||
Groupon, Inc. (a) |
1,500 | 19,260 | ||||||||
Guess?, Inc. |
3,700 | 85,322 | ||||||||
Haverty Furniture Cos., Inc. |
1,100 | 39,050 | ||||||||
Home Depot, Inc. (The) (c) |
3,592 | 1,244,808 | ||||||||
J Jill, Inc. (a) |
1,700 | 43,826 | ||||||||
Kohls Corp. |
3,300 | 94,644 | ||||||||
Monro, Inc. |
2,700 | 79,218 | ||||||||
Nordstrom, Inc. |
200 | 3,690 | ||||||||
OReilly Automotive, Inc. (a) |
700 | 665,056 | ||||||||
Petco Health & Wellness Co., Inc. (a) |
50,700 | 160,212 | ||||||||
PetMed Express, Inc. |
3,300 | 24,948 | ||||||||
Qurate Retail, Inc., Series A (a) |
83,700 | 73,279 | ||||||||
RealReal, Inc. (The) (a) |
22,700 | 45,627 | ||||||||
Revolve Group, Inc. (a) |
8,600 | 142,588 | ||||||||
Shoe Carnival, Inc. |
100 | 3,021 | ||||||||
Sleep Number Corp. (a) |
200 | 2,966 |
See Notes to Consolidated Schedule of Investments.
11
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Stitch Fix, Inc., Class A (a) |
14,200 | $ | 50,694 | |||||||
Urban Outfitters, Inc. (a) |
5,500 | 196,295 | ||||||||
Wayfair, Inc., Class A (a) |
19,500 | 1,203,150 | ||||||||
|
|
|||||||||
16,219,461 | ||||||||||
|
|
|||||||||
Consumer Durables & Apparel 0.1% |
||||||||||
Acushnet Holdings Corp. |
3,200 | 202,144 | ||||||||
Allbirds, Inc., Class A (a) |
14,100 | 17,272 | ||||||||
American Outdoor Brands, Inc. (a) |
500 | 4,200 | ||||||||
Bassett Furniture Industries, Inc. |
300 | 4,980 | ||||||||
Beazer Homes USA, Inc. (a) |
3,200 | 108,128 | ||||||||
BowFlex, Inc. (a) |
3,600 | 2,772 | ||||||||
Charles & Colvard Ltd. (a) |
1,000 | 410 | ||||||||
Cricut, Inc., Class A (a) |
500 | 3,295 | ||||||||
Culp, Inc. (a) |
200 | 1,158 | ||||||||
Delta Apparel, Inc. (a) |
300 | 2,139 | ||||||||
Escalade, Inc. |
200 | 4,018 | ||||||||
Ethan Allen Interiors, Inc. |
1,200 | 38,304 | ||||||||
Fossil Group, Inc. (a) |
10,200 | 14,892 | ||||||||
G-III Apparel Group Ltd. (a) |
2,700 | 91,746 | ||||||||
GoPro, Inc., Class A (a) |
15,100 | 52,397 | ||||||||
Green Brick Partners, Inc. (a) |
1,200 | 62,328 | ||||||||
Hooker Furnishings Corp. |
200 | 5,216 | ||||||||
Installed Building Products, Inc. |
100 | 18,282 | ||||||||
JAKKS Pacific, Inc. (a) |
1,000 | 35,550 | ||||||||
Johnson Outdoors, Inc., Class A |
300 | 16,026 | ||||||||
Lakeland Industries, Inc. |
200 | 3,708 | ||||||||
Landsea Homes Corp. (a) |
1,800 | 23,652 | ||||||||
La-Z-Boy, Inc. |
1,700 | 62,764 | ||||||||
Legacy Housing Corp. (a) |
500 | 12,610 | ||||||||
MasterCraft Boat Holdings, Inc. (a) |
2,000 | 45,280 | ||||||||
Mattel, Inc. (a),(c) |
1,811 | 34,192 | ||||||||
NIKE, Inc., Class B (c) |
6,100 | 662,277 | ||||||||
Peloton Interactive, Inc., Class A (a) |
75,300 | 458,577 | ||||||||
SharkNinja, Inc. (a) |
20,213 | 1,034,299 | ||||||||
Singing Machine Co., Inc. (The) (a) |
800 | 824 | ||||||||
Solo Brands, Inc., Class A (a) |
3,600 | 22,176 | ||||||||
Sturm Ruger & Co., Inc. |
200 | 9,090 | ||||||||
Superior Group of Cos., Inc. |
200 | 2,700 | ||||||||
Tri Pointe Homes, Inc. (a) |
1,500 | 53,100 | ||||||||
Twin Vee PowerCats Co. (a) |
200 | 278 | ||||||||
Unifi, Inc. (a) |
1,798 | 11,975 | ||||||||
Universal Electronics, Inc. (a) |
1,200 | 11,268 | ||||||||
Vera Bradley, Inc. (a) |
3,200 | 24,640 | ||||||||
Whirlpool Corp. |
100 | 12,177 | ||||||||
|
|
|||||||||
3,170,844 | ||||||||||
|
|
|||||||||
Consumer Services 0.7% |
||||||||||
2U, Inc. (a) |
9,900 | 12,177 | ||||||||
Allied Gaming & Entertainment, Inc. (a) |
800 | 848 | ||||||||
American Public Education, Inc. (a) |
800 | 7,720 | ||||||||
BJs Restaurants, Inc. (a) |
3,200 | 115,232 | ||||||||
Bluegreen Vacations Holding Corp. |
300 | 22,536 |
See Notes to Consolidated Schedule of Investments.
12
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Booking Holdings, Inc. (a) |
100 | $ | 354,722 | |||||||
Bowlero Corp., Class A (a) |
2,000 | 28,320 | ||||||||
Carnival Corp. (a) |
218,100 | 4,043,574 | ||||||||
Carnival PLC, ADR (a) |
300 | 5,058 | ||||||||
Carriage Services, Inc. |
900 | 22,509 | ||||||||
Carrols Restaurant Group, Inc. |
7,600 | 59,888 | ||||||||
Cava Group, Inc. (a) |
15,003 | 644,829 | ||||||||
Century Casinos, Inc. (a) |
200 | 976 | ||||||||
Chegg, Inc. (a) |
25,400 | 288,544 | ||||||||
Choice Hotels International, Inc. |
6,600 | 747,780 | ||||||||
Chuys Holdings, Inc. (a) |
1,000 | 38,230 | ||||||||
Dennys Corp. (a) |
3,300 | 35,904 | ||||||||
Dine Brands Global, Inc. |
1,400 | 69,510 | ||||||||
DoorDash, Inc., Class A (a) |
46,600 | 4,608,274 | ||||||||
DraftKings, Inc., Class A (a) |
88,470 | 3,118,567 | ||||||||
Duolingo, Inc. (a) |
7,800 | 1,769,430 | ||||||||
Dutch Bros, Inc., Class A (a) |
12,001 | 380,072 | ||||||||
El Pollo Loco Holdings, Inc. (a) |
5,800 | 51,156 | ||||||||
Everi Holdings, Inc. (a) |
15,500 | 174,685 | ||||||||
Expedia Group, Inc. (a) |
5,000 | 758,950 | ||||||||
First Watch Restaurant Group, Inc. (a) |
1,100 | 22,110 | ||||||||
Frontdoor, Inc. (a) |
1,800 | 63,396 | ||||||||
GEN Restaurant Group, Inc. (a) |
500 | 3,915 | ||||||||
Golden Entertainment, Inc. (a) |
300 | 11,979 | ||||||||
Hyatt Hotels Corp., Class A |
100 | 13,041 | ||||||||
International Game Technology PLC |
6,000 | 164,460 | ||||||||
Kura Sushi USA, Inc., Class A (a) |
300 | 22,800 | ||||||||
Las Vegas Sands Corp. |
66,430 | 3,269,020 | ||||||||
Laureate Education, Inc. (a) |
9,700 | 132,987 | ||||||||
Lincoln Educational Services Corp. (a) |
1,000 | 10,040 | ||||||||
Lindblad Expeditions Holdings, Inc. (a) |
1,500 | 16,905 | ||||||||
Monarch Casino & Resort, Inc. |
400 | 27,660 | ||||||||
Norwegian Cruise Line Holdings Ltd. (a) |
7,600 | 152,304 | ||||||||
ONE Group Hospitality, Inc. (The) (a) |
300 | 1,836 | ||||||||
OneSpaWorld Holdings Ltd. (a) |
2,800 | 39,480 | ||||||||
Playa Hotels & Resorts NV (a) |
5,000 | 43,250 | ||||||||
PlayAGS, Inc. (a) |
4,800 | 40,464 | ||||||||
Potbelly Corp. (a) |
900 | 9,378 | ||||||||
Red Robin Gourmet Burgers, Inc. (a) |
300 | 3,741 | ||||||||
Rover Group, Inc. (a) |
2,100 | 22,848 | ||||||||
Royal Caribbean Cruises Ltd. (a),(c) |
10,483 | 1,357,444 | ||||||||
Sabre Corp. (a) |
67,100 | 295,240 | ||||||||
Starbucks Corp. |
50,100 | 4,810,101 | ||||||||
Sweetgreen, Inc., Class A (a) |
1,500 | 16,950 | ||||||||
Target Hospitality Corp. (a) |
3,200 | 31,136 | ||||||||
Travel + Leisure Co. |
1,600 | 62,544 | ||||||||
Universal Technical Institute, Inc. (a) |
3,200 | 40,064 | ||||||||
Wendys Co. (The) |
5,600 | 109,088 | ||||||||
WW International, Inc. (a) |
13,000 | 113,750 | ||||||||
Wynn Resorts Ltd. |
2,600 | 236,886 |
See Notes to Consolidated Schedule of Investments.
13
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Xponential Fitness, Inc., Class A (a) |
1,300 | $ | 16,757 | |||||||
|
|
|||||||||
28,521,065 | ||||||||||
|
|
|||||||||
Consumer Staples Distribution 0.1% |
||||||||||
Costco Wholesale Corp. (c) |
100 | 66,008 | ||||||||
Dollar Tree, Inc. (a),(c) |
8,964 | 1,273,336 | ||||||||
Natural Grocers by Vitamin Cottage, Inc., Class C |
500 | 8,000 | ||||||||
PriceSmart, Inc. |
600 | 45,468 | ||||||||
SpartanNash Co. |
2,200 | 50,490 | ||||||||
Village Super Market, Inc., Class A |
200 | 5,246 | ||||||||
Walmart, Inc. (c) |
4,284 | 675,373 | ||||||||
Weis Markets, Inc. |
900 | 57,564 | ||||||||
|
|
|||||||||
2,181,485 | ||||||||||
|
|
|||||||||
Diversified Financials 0.1% |
||||||||||
Acacia Research Corp. (a) |
100 | 392 | ||||||||
Corebridge Financial, Inc. |
119,972 | 2,598,594 | ||||||||
Moodys Corp. |
600 | 234,336 | ||||||||
|
|
|||||||||
2,833,322 | ||||||||||
|
|
|||||||||
Energy 0.4% |
||||||||||
Atlas Energy Solutions, Inc. |
100 | 1,722 | ||||||||
Baytex Energy Corp. |
14 | 46 | ||||||||
Berry Corp. |
4,500 | 31,635 | ||||||||
Clean Energy Fuels Corp. (a) |
800 | 3,064 | ||||||||
CONSOL Energy, Inc. |
500 | 50,265 | ||||||||
Cool Co., Ltd. |
1,400 | 17,808 | ||||||||
CVR Energy, Inc. |
10,400 | 315,120 | ||||||||
Delek US Holdings, Inc. |
10,500 | 270,900 | ||||||||
Devon Energy Corp. |
16,217 | 734,630 | ||||||||
DHT Holdings, Inc. |
5,000 | 49,050 | ||||||||
Diamond Offshore Drilling, Inc. (a) |
5,200 | 67,600 | ||||||||
DMC Global, Inc. (a) |
1,600 | 30,112 | ||||||||
Dorian LPG Ltd. (a) |
2,400 | 105,288 | ||||||||
Encore Energy Corp. (a) |
100 | 393 | ||||||||
Enerplus Corp. |
1,000 | 15,340 | ||||||||
Epsilon Energy Ltd. |
1,000 | 5,080 | ||||||||
Evolution Petroleum Corp. |
1,500 | 8,715 | ||||||||
Forum Energy Technologies, Inc. (a) |
400 | 8,868 | ||||||||
FutureFuel Corp. |
5,300 | 32,224 | ||||||||
Gevo, Inc. (a) |
2,700 | 3,132 | ||||||||
Gulfport Energy Corp. (a) |
100 | 13,320 | ||||||||
Hallador Energy Co. (a) |
2,900 | 25,636 | ||||||||
Helix Energy Solutions Group, Inc. (a) |
25,000 | 257,000 | ||||||||
Hess Corp. |
5,000 | 720,800 | ||||||||
Kodiak Gas Services, Inc. |
44,503 | 893,620 | ||||||||
Magnolia Oil & Gas Corp., Class A |
800 | 17,032 | ||||||||
Mammoth Energy Services, Inc. (a) |
1,300 | 5,798 | ||||||||
Marathon Oil Corp. |
100 | 2,416 | ||||||||
Nabors Industries Ltd. (a) |
900 | 73,467 | ||||||||
NACCO Industries, Inc., Class A |
100 | 3,650 | ||||||||
Natural Gas Services Group, Inc. (a) |
400 | 6,432 | ||||||||
Navigator Holdings Ltd. |
2,000 | 29,100 |
See Notes to Consolidated Schedule of Investments.
14
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Newpark Resources, Inc. (a) |
14,700 | $ | 97,608 | |||||||
NexGen Energy Ltd. (a) |
1,000 | 7,000 | ||||||||
Nordic American Tankers Ltd. |
43,400 | 182,280 | ||||||||
North American Construction Group Ltd. |
1,100 | 22,935 | ||||||||
Oil States International, Inc. (a) |
12,000 | 81,480 | ||||||||
Overseas Shipholding Group, Inc., Class A |
8,000 | 42,160 | ||||||||
PBF Energy, Inc., Class A |
17,600 | 773,696 | ||||||||
Peabody Energy Corp. |
4,800 | 116,736 | ||||||||
Permian Resources Corp. |
555,053 | 7,548,721 | ||||||||
Precision Drilling Corp. (a) |
900 | 48,861 | ||||||||
Profire Energy, Inc. (a) |
900 | 1,629 | ||||||||
ProPetro Holding Corp. (a) |
6,800 | 56,984 | ||||||||
REX American Resources Corp. (a) |
300 | 14,190 | ||||||||
Schlumberger NV |
10,800 | 562,032 | ||||||||
Select Water Solutions, Inc. |
11,900 | 90,321 | ||||||||
SilverBow Resources, Inc. (a) |
30,388 | 883,683 | ||||||||
Smart Sand, Inc. (a) |
3,400 | 6,562 | ||||||||
Solaris Oilfield Infrastructure, Inc., Class A |
4,200 | 33,432 | ||||||||
Teekay Corp. (a) |
14,100 | 100,815 | ||||||||
Teekay Tankers Ltd., Class A |
5,563 | 277,983 | ||||||||
TETRA Technologies, Inc. (a) |
10,100 | 45,652 | ||||||||
Transocean Ltd. (a) |
177,233 | 1,125,430 | ||||||||
U.S. Silica Holdings, Inc. (a) |
800 | 9,048 | ||||||||
Vitesse Energy, Inc. |
2,000 | 43,780 | ||||||||
W&T Offshore, Inc. |
7,600 | 24,776 | ||||||||
Weatherford International PLC (a) |
1,300 | 127,179 | ||||||||
World Kinect Corp. |
6,200 | 141,236 | ||||||||
|
|
|||||||||
16,265,472 | ||||||||||
|
|
|||||||||
Engineering & Construction 0.0% |
||||||||||
QualTek Services, Inc., (a),(b),(c) |
441,828 | 0 | ||||||||
|
|
|||||||||
Equity Real Estate Investment Trusts (REITs) 0.1% |
||||||||||
CareTrust REIT, Inc. |
5,900 | 132,042 | ||||||||
Chatham Lodging Trust |
1,200 | 12,864 | ||||||||
Community Healthcare Trust, Inc. |
500 | 13,320 | ||||||||
CTO Realty Growth, Inc. |
1,800 | 31,194 | ||||||||
Diversified Healthcare Trust |
24,500 | 91,630 | ||||||||
EastGroup Properties, Inc. |
100 | 18,354 | ||||||||
Equity Commonwealth (a) |
101,200 | 1,943,040 | ||||||||
Getty Realty Corp. |
1,000 | 29,220 | ||||||||
Gladstone Land Corp. |
2,700 | 39,015 | ||||||||
LTC Properties, Inc. |
400 | 12,848 | ||||||||
Medalist Diversified REIT, Inc. |
112 | 568 | ||||||||
Office Properties Income Trust |
700 | 5,124 | ||||||||
Piedmont Office Realty Trust, Inc., Class A |
5,100 | 36,261 | ||||||||
Plymouth Industrial REIT, Inc. |
2,500 | 60,175 | ||||||||
Presidio Property Trust, Inc., Class A |
500 | 515 | ||||||||
Retail Opportunity Investments Corp. |
1,700 | 23,851 | ||||||||
Summit Hotel Properties, Inc. |
2,200 | 14,784 | ||||||||
Terreno Realty Corp. |
4,300 | 269,481 | ||||||||
Universal Health Realty Income Trust |
300 | 12,975 |
See Notes to Consolidated Schedule of Investments.
15
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Wheeler Real Estate Investment Trust, Inc. (a) |
20 | $ | 6 | |||||||
|
|
|||||||||
2,747,267 | ||||||||||
|
|
|||||||||
Financial Services 1.7% |
||||||||||
ACRES Commercial Realty Corp. (a) |
133 | 1,279 | ||||||||
AFC Gamma, Inc. |
100 | 1,203 | ||||||||
Affirm Holdings, Inc. (a) |
53,200 | 2,614,248 | ||||||||
AG Mortgage Investment Trust, Inc. |
1,000 | 6,350 | ||||||||
Alerus Financial Corp. |
300 | 6,717 | ||||||||
Ares Capital Corp. |
5,000 | 100,150 | ||||||||
AssetMark Financial Holdings, Inc. (a) |
1,200 | 35,940 | ||||||||
Atlanticus Holdings Corp. (a) |
100 | 3,867 | ||||||||
AvidXchange Holdings, Inc. (a) |
343,077 | 4,250,724 | ||||||||
Bain Capital Specialty Finance, Inc. |
2,300 | 34,661 | ||||||||
Barings BDC, Inc. |
4,600 | 39,468 | ||||||||
BlackRock Capital Investment Corp. |
5,281 | 20,437 | ||||||||
BlackRock TCP Capital Corp. |
6,600 | 76,164 | ||||||||
Block, Inc. (a) |
36,300 | 2,807,805 | ||||||||
Bridge Investment Group Holdings, Inc., Class A |
600 | 5,868 | ||||||||
Brightsphere Investment Group, Inc. |
144,474 | 2,768,122 | ||||||||
BrightSpire Capital, Inc. |
3,300 | 24,552 | ||||||||
Capital Southwest Corp. |
1,600 | 37,920 | ||||||||
Carlyle Secured Lending, Inc. |
3,700 | 55,352 | ||||||||
Cass Information Systems, Inc. |
400 | 18,020 | ||||||||
Cboe Global Markets, Inc. |
37,246 | 6,650,646 | ||||||||
Cherry Hill Mortgage Investment Corp. |
100 | 404 | ||||||||
Chicago Atlantic Real Estate Finance, Inc. |
1,200 | 19,416 | ||||||||
CION Investment Corp. |
4,900 | 55,419 | ||||||||
Coinbase Global, Inc., Class A (a) |
40,200 | 6,991,584 | ||||||||
Consumer Portfolio Services, Inc. (a) |
300 | 2,811 | ||||||||
Credit Acceptance Corp. (a) |
200 | 106,546 | ||||||||
Crescent Capital BDC, Inc. |
2,200 | 38,236 | ||||||||
Ellington Residential Mortgage REIT |
3,500 | 21,455 | ||||||||
Enact Holdings, Inc. |
4,700 | 135,783 | ||||||||
Enova International, Inc. (a) |
100 | 5,536 | ||||||||
EZCORP, Inc., Class A (a) |
7,300 | 63,802 | ||||||||
FactSet Research Systems, Inc. |
100 | 47,705 | ||||||||
Federated Hermes, Inc. |
200 | 6,772 | ||||||||
Fidelity National Information Services, Inc. |
18,351 | 1,102,345 | ||||||||
Fidus Investment Corp. |
5,400 | 106,326 | ||||||||
GCM Grosvenor, Inc., Class A |
22,482 | 201,439 | ||||||||
Gladstone Capital Corp. |
4,500 | 48,150 | ||||||||
Gladstone Investment Corp. |
3,100 | 43,865 | ||||||||
Granite Point Mortgage Trust, Inc. |
5,600 | 33,264 | ||||||||
Great Ajax Corp. |
1,900 | 10,070 | ||||||||
Green Dot Corp., Class A (a) |
3,600 | 35,640 | ||||||||
I3 Verticals, Inc., Class A (a) |
300 | 6,351 | ||||||||
Invesco Ltd. |
100 | 1,784 | ||||||||
Invesco Mortgage Capital, Inc. |
700 | 6,202 | ||||||||
Jack Henry & Associates, Inc. |
2,400 | 392,184 | ||||||||
Jackson Financial, Inc., Class A |
3,600 | 184,320 | ||||||||
LendingClub Corp. (a) |
16,300 | 142,462 |
See Notes to Consolidated Schedule of Investments.
16
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
LendingTree, Inc. (a) |
2,700 | $ | 81,864 | |||||||
Marqeta, Inc., Class A (a) |
190,541 | 1,329,976 | ||||||||
Mastercard, Inc., Class A |
300 | 127,953 | ||||||||
Medallion Financial Corp. |
1,200 | 11,820 | ||||||||
Merchants Bancorp |
450 | 19,161 | ||||||||
MidCap Financial Investment Corp. |
3,700 | 50,616 | ||||||||
Moneylion, Inc. (a) |
1,213 | 76,043 | ||||||||
Monroe Capital Corp. |
2,100 | 14,837 | ||||||||
MSCI, Inc. |
1,700 | 961,605 | ||||||||
Nasdaq, Inc. |
26,700 | 1,552,338 | ||||||||
New Mountain Finance Corp. |
7,700 | 97,944 | ||||||||
Northern Trust Corp. |
22,739 | 1,918,717 | ||||||||
Oaktree Specialty Lending Corp. |
231 | 4,717 | ||||||||
Ocwen Financial Corp. (a) |
194 | 5,967 | ||||||||
OFS Capital Corp. |
900 | 10,530 | ||||||||
Open Lending Corp., Class A (a) |
10,200 | 86,802 | ||||||||
Oportun Financial Corp. (a) |
2,700 | 10,557 | ||||||||
Oppenheimer Holdings, Inc., Class A |
1,000 | 41,320 | ||||||||
OppFi, Inc. (a) |
1,700 | 8,704 | ||||||||
Oxford Square Capital Corp. |
6,200 | 17,732 | ||||||||
Paymentus Holdings, Inc., Class A (a) |
300 | 5,361 | ||||||||
Payoneer Global, Inc. (a) |
52,200 | 271,962 | ||||||||
PayPal Holdings, Inc. (a) |
171,700 | 10,544,097 | ||||||||
Paysafe Ltd. (a) |
975 | 12,470 | ||||||||
PennantPark Floating Rate Capital Ltd. |
9,100 | 110,110 | ||||||||
PennantPark Investment Corp. |
9,500 | 65,645 | ||||||||
Piper Sandler Cos. |
19,946 | 3,487,957 | ||||||||
Portman Ridge Finance Corp. |
1,600 | 29,104 | ||||||||
Regional Management Corp. |
200 | 5,016 | ||||||||
Repay Holdings Corp. (a) |
200 | 1,708 | ||||||||
Robinhood Markets, Inc., Class A (a) |
115,000 | 1,465,100 | ||||||||
Runway Growth Finance Corp. |
5,500 | 69,410 | ||||||||
Sachem Capital Corp. |
200 | 748 | ||||||||
Safeguard Scientifics, Inc. (a) |
200 | 157 | ||||||||
Saratoga Investment Corp. |
2,800 | 72,408 | ||||||||
SEI Investments Co. |
1,900 | 120,745 | ||||||||
Shift4 Payments, Inc., Class A (a) |
10,007 | 743,920 | ||||||||
Silvercrest Asset Management Group, Inc., Class A |
300 | 5,100 | ||||||||
Sixth Street Specialty Lending, Inc. |
3,900 | 84,240 | ||||||||
SLR Investment Corp. |
4,100 | 61,623 | ||||||||
SoFi Technologies, Inc. (a) |
178,400 | 1,775,080 | ||||||||
Sprott, Inc. |
200 | 6,790 | ||||||||
Stellus Capital Investment Corp. |
3,200 | 41,120 | ||||||||
Stifel Financial Corp. |
21,778 | 1,505,949 | ||||||||
StoneX Group, Inc. (a) |
1,000 | 73,830 | ||||||||
SuRo Capital Corp. (a) |
69 | 272 | ||||||||
Toast, Inc., Class A (a) |
1,500 | 27,390 | ||||||||
TPG RE Finance Trust, Inc. |
3,000 | 19,500 | ||||||||
Trinity Capital, Inc. |
2,100 | 30,513 | ||||||||
TriplePoint Venture Growth BDC Corp., Class B |
600 | 6,516 | ||||||||
Upstart Holdings, Inc. (a) |
2,200 | 89,892 | ||||||||
Victory Capital Holdings, Inc., Class A |
10,059 | 346,432 |
See Notes to Consolidated Schedule of Investments.
17
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Virtu Financial, Inc., Class A |
4,000 | $ | 81,040 | |||||||
Visa, Inc., Class A |
39,200 | 10,205,720 | ||||||||
Waterstone Financial, Inc. |
200 | 2,840 | ||||||||
Westwood Holdings Group, Inc. |
100 | 1,257 | ||||||||
WhiteHorse Finance, Inc. |
1,200 | 14,760 | ||||||||
WisdomTree, Inc. |
12,300 | 85,239 | ||||||||
|
|
|||||||||
67,269,588 | ||||||||||
|
|
|||||||||
Food & Staples Retailing 0.0% |
||||||||||
Kroger Co. (The), |
3,300 | 150,843 | ||||||||
|
|
|||||||||
Food, Beverage & Tobacco 0.2% |
||||||||||
22nd Century Group, Inc. (a) |
2,160 | 402 | ||||||||
B&G Foods, Inc. |
100 | 1,050 | ||||||||
Dole PLC |
1,300 | 15,977 | ||||||||
Duckhorn Portfolio, Inc. (The) (a) |
3,800 | 37,430 | ||||||||
Eastside Distilling, Inc. (a) |
45 | 59 | ||||||||
Flowers Foods, Inc. |
900 | 20,259 | ||||||||
Fresh Del Monte Produce, Inc. |
2,600 | 68,250 | ||||||||
General Mills, Inc. |
25,100 | 1,635,014 | ||||||||
Hershey Co. (The) |
16,100 | 3,001,684 | ||||||||
Hormel Foods Corp. |
1,700 | 54,587 | ||||||||
Kellanova |
3,200 | 178,912 | ||||||||
Laird Superfood, Inc. (a) |
400 | 364 | ||||||||
Limoneira Co. |
700 | 14,441 | ||||||||
McCormick & Co., Inc. |
6,600 | 451,572 | ||||||||
MGP Ingredients, Inc. |
600 | 59,112 | ||||||||
Mondelez International, Inc., Class A (c) |
4,441 | 321,662 | ||||||||
Monster Beverage Corp. (a) |
100 | 5,761 | ||||||||
National Beverage Corp. (a) |
1,200 | 59,664 | ||||||||
Primo Water Corp. |
5,600 | 84,280 | ||||||||
Tootsie Roll Industries, Inc. |
1,000 | 33,240 | ||||||||
Tyson Foods, Inc., Class A |
1,700 | 91,375 | ||||||||
Universal Corp. |
1,200 | 80,784 | ||||||||
Vector Group Ltd. |
800 | 9,024 | ||||||||
Village Farms International, Inc. (a) |
300 | 228 | ||||||||
Vita Coco Co., Inc. (The) (a) |
8,300 | 212,895 | ||||||||
Vital Farms, Inc. (a) |
100 | 1,569 | ||||||||
WK Kellogg Co. |
200 | 2,628 | ||||||||
|
|
|||||||||
6,442,223 | ||||||||||
|
|
|||||||||
Health Care Equipment & Services 0.3% |
||||||||||
23andMe Holding Co., Class A (a) |
200 | 183 | ||||||||
Accolade, Inc. (a) |
2,000 | 24,020 | ||||||||
Accuray, Inc. (a) |
7,400 | 20,942 | ||||||||
Addus HomeCare Corp. (a) |
100 | 9,285 | ||||||||
Alphatec Holdings, Inc. (a) |
64,930 | 981,092 | ||||||||
American Shared Hospital Services (a) |
100 | 239 | ||||||||
American Well Corp., Class A (a) |
300 | 447 | ||||||||
AngioDynamics, Inc. (a) |
8,300 | 65,072 | ||||||||
Artivion, Inc. (a) |
100 | 1,788 | ||||||||
AtriCure, Inc. (a) |
3,500 | 124,915 | ||||||||
Augmedix, Inc. (a) |
2,800 | 16,380 |
See Notes to Consolidated Schedule of Investments.
18
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Avanos Medical, Inc. (a) |
1,400 | $ | 31,402 | |||||||
Avinger, Inc. (a) |
34 | 92 | ||||||||
Baxter International, Inc. |
24,800 | 958,768 | ||||||||
Becton Dickinson & Co. |
100 | 24,383 | ||||||||
Bioventus, Inc., Class A (a) |
1,100 | 5,797 | ||||||||
Brookdale Senior Living, Inc. (a) |
9,909 | 57,670 | ||||||||
Cardinal Health, Inc. |
600 | 60,480 | ||||||||
Castle Biosciences, Inc. (a) |
1,700 | 36,686 | ||||||||
Cerus Corp. (a) |
300 | 648 | ||||||||
Clover Health Investments Corp. (a) |
23,101 | 21,994 | ||||||||
Community Health Systems, Inc. (a) |
30,000 | 93,900 | ||||||||
Computer Programs & Systems, Inc. (a) |
1,100 | 12,320 | ||||||||
CONMED Corp. |
800 | 87,608 | ||||||||
CorVel Corp. (a) |
200 | 49,442 | ||||||||
Cue Health, Inc. (a) |
4,300 | 699 | ||||||||
Cutera, Inc. (a) |
4,300 | 15,158 | ||||||||
CVRx, Inc. (a) |
400 | 12,576 | ||||||||
CVS Health Corp. |
51,300 | 4,050,648 | ||||||||
Edwards Lifesciences Corp. (a) |
13,900 | 1,059,875 | ||||||||
Electromed, Inc. (a) |
100 | 1,091 | ||||||||
Establishment Labs Holdings, Inc. (a) |
1,100 | 28,479 | ||||||||
FONAR Corp. (a) |
100 | 1,956 | ||||||||
Globus Medical, Inc., Class A (a) |
8,900 | 474,281 | ||||||||
GoodRx Holdings, Inc., Class A (a) |
14,900 | 99,830 | ||||||||
Guardant Health, Inc. (a) |
15,200 | 411,160 | ||||||||
Haemonetics Corp. (a) |
2,400 | 205,224 | ||||||||
Health Catalyst, Inc. (a) |
5,100 | 47,226 | ||||||||
HealthStream, Inc. |
1,000 | 27,030 | ||||||||
Hims & Hers Health, Inc. (a) |
7,100 | 63,190 | ||||||||
InfuSystem Holdings, Inc. (a) |
500 | 5,270 | ||||||||
Inogen, Inc. (a) |
4,500 | 24,705 | ||||||||
Integra LifeSciences Holdings Corp. (a) |
6,800 | 296,140 | ||||||||
Intuitive Surgical, Inc. (a) |
800 | 269,888 | ||||||||
iRadimed Corp. |
400 | 18,988 | ||||||||
Joint Corp. (The) (a) |
600 | 5,766 | ||||||||
LeMaitre Vascular, Inc. |
1,100 | 62,436 | ||||||||
LivaNova PLC (a) |
2,800 | 144,872 | ||||||||
National HealthCare Corp. |
100 | 9,242 | ||||||||
National Research Corp. |
100 | 3,956 | ||||||||
NeoGenomics, Inc. (a) |
800 | 12,944 | ||||||||
Neuronetics, Inc. (a) |
1,000 | 2,900 | ||||||||
Nevro Corp. (a) |
7,700 | 165,704 | ||||||||
Nexgel, Inc. (a) |
300 | 639 | ||||||||
Novocure Ltd. (a) |
21,100 | 315,023 | ||||||||
OPKO Health, Inc. (a) |
15,901 | 24,010 | ||||||||
OptimizeRx Corp. (a) |
1,200 | 17,172 | ||||||||
Orthofix Medical, Inc. (a) |
1,506 | 20,301 | ||||||||
Outset Medical, Inc. (a) |
2,300 | 12,443 | ||||||||
Owens & Minor, Inc. (a) |
6,300 | 121,401 | ||||||||
Pediatrix Medical Group, Inc. (a) |
800 | 7,440 | ||||||||
Pennant Group, Inc. (The) (a) |
1,900 | 26,448 | ||||||||
PetIQ, Inc. (a) |
900 | 17,775 |
See Notes to Consolidated Schedule of Investments.
19
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Phreesia, Inc. (a) |
2,300 | $ | 53,245 | |||||||
Premier, Inc., Class A |
5,400 | 120,744 | ||||||||
Pulmonx Corp. (a) |
3,300 | 42,075 | ||||||||
ResMed, Inc. |
2,900 | 498,858 | ||||||||
RxSight, Inc. (a) |
4,400 | 177,408 | ||||||||
Select Medical Holdings Corp. |
100 | 2,350 | ||||||||
Semler Scientific, Inc. (a) |
100 | 4,429 | ||||||||
Sensus Healthcare, Inc. (a) |
1,400 | 3,304 | ||||||||
SI-BONE, Inc. (a) |
5,200 | 109,148 | ||||||||
Silk Road Medical, Inc. (a) |
8,500 | 104,295 | ||||||||
Star Equity Holdings, Inc. (a) |
400 | 408 | ||||||||
Surmodics, Inc. (a) |
500 | 18,175 | ||||||||
Tactile Systems Technology, Inc. (a) |
1,800 | 25,740 | ||||||||
Talkspace, Inc. (a) |
8,400 | 21,336 | ||||||||
Tandem Diabetes Care, Inc. (a) |
13,500 | 399,330 | ||||||||
Teladoc Health, Inc. (a) |
900 | 19,395 | ||||||||
U.S. Physical Therapy, Inc. |
100 | 9,314 | ||||||||
UnitedHealth Group, Inc. |
200 | 105,294 | ||||||||
Varex Imaging Corp. (a) |
4,100 | 84,050 | ||||||||
Veradigm, Inc. (a) |
8,400 | 88,116 | ||||||||
Vicarious Surgical, Inc. (a) |
700 | 257 | ||||||||
Viemed Healthcare, Inc. (a) |
1,800 | 14,130 | ||||||||
Zimvie, Inc. (a) |
1,200 | 21,300 | ||||||||
Zynex, Inc. (a) |
1,800 | 19,602 | ||||||||
|
|
|||||||||
12,711,742 | ||||||||||
|
|
|||||||||
Household & Personal Products 0.2% |
||||||||||
Edgewell Personal Care Co. |
4,000 | 146,520 | ||||||||
Estee Lauder Cos., Inc. (The), Class A |
35,100 | 5,133,375 | ||||||||
Kenvue, Inc. |
45,016 | 969,195 | ||||||||
Natures Sunshine Products, Inc. (a) |
400 | 6,916 | ||||||||
Nu Skin Enterprises, Inc., Class A |
6,200 | 120,404 | ||||||||
Olaplex Holdings, Inc. (a) |
44,600 | 113,284 | ||||||||
Reynolds Consumer Products, Inc. |
1,900 | 50,996 | ||||||||
USANA Health Sciences, Inc. (a) |
200 | 10,720 | ||||||||
WD-40 Co. |
300 | 71,721 | ||||||||
|
|
|||||||||
6,623,131 | ||||||||||
|
|
|||||||||
Insurance 0.7% |
||||||||||
American Coastal Insurance Corp., Class C (a) |
1,100 | 10,406 | ||||||||
Brighthouse Financial, Inc. (a) |
3,500 | 185,220 | ||||||||
Citizens, Inc. (a) |
800 | 2,152 | ||||||||
Crawford & Co., Class A |
300 | 3,954 | ||||||||
eHealth, Inc. (a) |
3,000 | 26,160 | ||||||||
Employers Holdings, Inc. |
1,100 | 43,340 | ||||||||
F&G Annuities & Life, Inc. |
1,100 | 50,600 | ||||||||
Fidelis Insurance Holdings Ltd. (a) |
1,400 | 17,738 | ||||||||
Greenlight Capital Re Ltd., Class A (a) |
1,200 | 13,704 | ||||||||
Hanover Insurance Group, Inc. (The) |
600 | 72,852 | ||||||||
HCI Group, Inc. |
500 | 43,700 | ||||||||
Heritage Insurance Holdings, Inc. (a) |
2,900 | 18,908 | ||||||||
Horace Mann Educators Corp. |
2,400 | 78,480 | ||||||||
James River Group Holdings Ltd. |
6,900 | 63,756 |
See Notes to Consolidated Schedule of Investments.
20
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Kemper Corp. |
1,600 | $ | 77,872 | |||||||
Kinsale Capital Group, Inc. |
24,500 | 8,205,295 | ||||||||
Lincoln National Corp. |
13,500 | 364,095 | ||||||||
Mercury General Corp. |
2,100 | 78,351 | ||||||||
Oscar Health, Inc., Class A (a) |
29,500 | 269,925 | ||||||||
ProAssurance Corp. |
2,100 | 28,959 | ||||||||
RLI Corp. |
82,500 | 10,982,400 | ||||||||
Selectquote, Inc. (a) |
1,000 | 1,370 | ||||||||
SiriusPoint Ltd. (a) |
1,200 | 13,920 | ||||||||
Skyward Specialty Insurance Group, Inc. (a) |
38,215 | 1,294,724 | ||||||||
Stewart Information Services Corp. |
400 | 23,500 | ||||||||
Tiptree, Inc. |
800 | 15,168 | ||||||||
Trupanion, Inc. (a) |
1,700 | 51,867 | ||||||||
United Fire Group, Inc. |
600 | 12,072 | ||||||||
Universal Insurance Holdings, Inc. |
3,900 | 62,322 | ||||||||
Unum Group |
9,500 | 429,590 | ||||||||
W R Berkley Corp. |
87,000 | 6,152,640 | ||||||||
|
|
|||||||||
28,695,040 | ||||||||||
|
|
|||||||||
Materials 0.4% |
||||||||||
AdvanSix, Inc. |
500 | 14,980 | ||||||||
Alcoa Corp. |
34,600 | 1,176,400 | ||||||||
American Vanguard Corp. |
800 | 8,776 | ||||||||
ATI, Inc. (a) |
300 | 13,641 | ||||||||
Avient Corp. |
1,100 | 45,727 | ||||||||
B2Gold Corp. |
17,100 | 54,036 | ||||||||
Carpenter Technology Corp. |
1,200 | 84,960 | ||||||||
Centerra Gold, Inc. |
900 | 5,364 | ||||||||
Century Aluminum Co. (a) |
500 | 6,070 | ||||||||
Chemours Co. (The) |
400 | 12,616 | ||||||||
Clearwater Paper Corp. (a) |
1,000 | 36,120 | ||||||||
Cleveland-Cliffs, Inc. (a) |
6,400 | 130,688 | ||||||||
Constellium SE (a) |
900 | 17,964 | ||||||||
Corteva, Inc. |
200 | 9,584 | ||||||||
Ecolab, Inc. |
100 | 19,835 | ||||||||
Ecovyst, Inc. (a) |
4,400 | 42,988 | ||||||||
FMC Corp. |
4,900 | 308,945 | ||||||||
Franco-Nevada Corp. |
400 | 44,324 | ||||||||
Gatos Silver, Inc. (a) |
5,800 | 37,932 | ||||||||
Glatfelter Corp. (a) |
5,100 | 9,894 | ||||||||
Gold Resource Corp. (a) |
600 | 226 | ||||||||
Gold Royalty Corp. |
100 | 145 | ||||||||
Haynes International, Inc. |
100 | 5,705 | ||||||||
HB Fuller Co. |
1,400 | 113,974 | ||||||||
Huntsman Corp. |
900 | 22,617 | ||||||||
Innospec, Inc. |
300 | 36,972 | ||||||||
Intrepid Potash, Inc. (a) |
1,800 | 43,002 | ||||||||
Knife River Corp. (a) |
4,600 | 304,428 | ||||||||
Linde PLC |
19,726 | 8,101,665 | ||||||||
LSB Industries, Inc. (a) |
7,800 | 72,618 | ||||||||
McEwen Mining, Inc. (a) |
4,000 | 28,840 | ||||||||
Minerals Technologies, Inc. |
100 | 7,131 |
See Notes to Consolidated Schedule of Investments.
21
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Mosaic Co. |
1,400 | $ | 50,022 | |||||||
Myers Industries, Inc. |
1,200 | 23,460 | ||||||||
New Gold, Inc. (a) |
20,100 | 29,346 | ||||||||
O-I Glass, Inc. (a) |
9,900 | 162,162 | ||||||||
Origin Materials, Inc. (a) |
1,300 | 1,087 | ||||||||
Pactiv Evergreen, Inc. |
100 | 1,371 | ||||||||
Ramaco Resources, Inc., Class A |
9,600 | 164,928 | ||||||||
Ranpak Holdings Corp. (a) |
5,700 | 33,174 | ||||||||
Rayonier Advanced Materials, Inc. (a) |
12,200 | 49,410 | ||||||||
Ryerson Holding Corp. |
2,600 | 90,168 | ||||||||
Schnitzer Steel Industries, Inc., Class A |
300 | 9,048 | ||||||||
Sherwin-Williams Co. (c) |
4,069 | 1,269,121 | ||||||||
Silvercorp Metals, Inc. |
22,800 | 59,964 | ||||||||
SSR Mining, Inc. |
1,200 | 12,912 | ||||||||
SunCoke Energy, Inc. |
7,600 | 81,624 | ||||||||
Sylvamo Corp. |
2,000 | 98,220 | ||||||||
Ternium SA, ADR |
2,900 | 123,163 | ||||||||
TimkenSteel Corp. (a) |
3,200 | 75,040 | ||||||||
Tredegar Corp. |
2,200 | 11,902 | ||||||||
Trinseo PLC |
100 | 837 | ||||||||
Warrior Met Coal, Inc. |
4,700 | 286,559 | ||||||||
|
|
|||||||||
13,451,685 | ||||||||||
|
|
|||||||||
Media & Entertainment 1.3% |
||||||||||
Advantage Solutions, Inc. (a) |
100 | 362 | ||||||||
Alphabet, Inc., Class A (a),(c) |
89,401 | 12,488,426 | ||||||||
Altice USA, Inc., Class A (a) |
3,900 | 12,675 | ||||||||
Angi, Inc. (a) |
14,100 | 35,109 | ||||||||
Boston Omaha Corp., Class A (a) |
700 | 11,011 | ||||||||
Bumble, Inc., Class A (a) |
500 | 7,370 | ||||||||
Cardlytics, Inc. (a) |
1,100 | 10,131 | ||||||||
Clear Channel Outdoor Holdings, Inc. (a) |
4,000 | 7,280 | ||||||||
comScore, Inc. (a) |
160 | 2,672 | ||||||||
DHI Group, Inc. (a) |
1,500 | 3,885 | ||||||||
DISH Network Corp., Class A (a) |
65,100 | 375,627 | ||||||||
Electronic Arts, Inc. |
1,200 | 164,172 | ||||||||
Eventbrite, Inc., Class A (a) |
18,600 | 155,496 | ||||||||
Fluent, Inc. (a) |
1,800 | 1,206 | ||||||||
Gaia, Inc. (a) |
600 | 1,620 | ||||||||
Gannett Co., Inc. (a) |
2,000 | 4,600 | ||||||||
Harte Hanks, Inc. (a) |
300 | 2,037 | ||||||||
iHeartMedia, Inc., Class A (a) |
4,300 | 11,481 | ||||||||
IMAX Corp. (a) |
2,100 | 31,542 | ||||||||
Integral Ad Science Holding Corp. (a) |
11,600 | 166,924 | ||||||||
Liberty Broadband Corp., Class C (a),(c) |
5,430 | 437,604 | ||||||||
Liberty Broadband Corp., Class A (a),(c) |
1,468 | 118,379 | ||||||||
Liberty Media Corp.-Liberty Formula One, Class C (a),(c) |
2,535 | 160,035 | ||||||||
Liberty Media Corp.-Liberty Live, Class C (a),(c) |
5,806 | 217,086 | ||||||||
Liberty Media Corp.-Liberty Live, Class A (a),(c) |
3,573 | 130,593 | ||||||||
Liberty Media Corp.-Liberty SiriusXM, Class C (a),(c) |
8,405 | 241,896 | ||||||||
Liberty Media Corp.-Liberty SiriusXM, Class A (a),(c) |
371 | 10,663 | ||||||||
Marcus Corp. (The) |
4,900 | 71,442 |
See Notes to Consolidated Schedule of Investments.
22
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Match Group, Inc. (a) |
2,400 | $ | 87,600 | |||||||
Meta Platforms, Inc., Class A (a),(c) |
13,798 | 4,883,940 | ||||||||
Netflix, Inc. (a),(c) |
23,960 | 11,665,645 | ||||||||
Nextdoor Holdings, Inc. (a) |
1,800 | 3,402 | ||||||||
Paramount Global, Class B |
1,700 | 25,143 | ||||||||
Pinterest, Inc., Class A (a) |
128,900 | 4,774,456 | ||||||||
Playstudios, Inc. (a) |
2,400 | 6,504 | ||||||||
Reservoir Media, Inc. (a) |
800 | 5,704 | ||||||||
ROBLOX Corp., Class A (a) |
126,200 | 5,769,864 | ||||||||
Roku, Inc. (a) |
27,400 | 2,511,484 | ||||||||
Shutterstock, Inc. |
4,300 | 207,604 | ||||||||
Snap, Inc., Class A (a) |
223,800 | 3,788,934 | ||||||||
Spotify Technology SA (a) |
8,500 | 1,597,235 | ||||||||
TechTarget, Inc. (a) |
2,100 | 73,206 | ||||||||
TKO Group Holdings, Inc. |
600 | 48,948 | ||||||||
Townsquare Media, Inc., Class A |
500 | 5,280 | ||||||||
Travelzoo (a) |
1,100 | 10,483 | ||||||||
TrueCar, Inc. (a) |
3,000 | 10,380 | ||||||||
Urban One, Inc. (a) |
200 | 706 | ||||||||
Vimeo, Inc. (a) |
22,300 | 87,416 | ||||||||
Vivid Seats, Inc., Class A (a) |
44,976 | 284,248 | ||||||||
Zedge, Inc., Class B (a) |
500 | 1,175 | ||||||||
Ziff Davis, Inc. (a) |
100 | 6,719 | ||||||||
ZoomInfo Technologies, Inc. (a) |
13,800 | 255,162 | ||||||||
|
|
|||||||||
50,992,562 | ||||||||||
|
|
|||||||||
Pharmaceuticals, Biotechnology & Life Sciences 1.1% |
||||||||||
2seventy bio, Inc. (a) |
700 | 2,989 | ||||||||
4D Molecular Therapeutics, Inc. (a) |
1,700 | 34,442 | ||||||||
89bio, Inc. (a) |
7,800 | 87,126 | ||||||||
AbCellera Biologics, Inc. (a) |
13,100 | 74,801 | ||||||||
ACADIA Pharmaceuticals, Inc. (a) |
900 | 28,179 | ||||||||
Aclaris Therapeutics, Inc. (a) |
15,500 | 16,275 | ||||||||
Acumen Pharmaceuticals, Inc. (a) |
900 | 3,456 | ||||||||
Adicet Bio, Inc. (a) |
7,542 | 14,254 | ||||||||
ADMA Biologics, Inc. (a) |
40,000 | 180,800 | ||||||||
Adverum Biotechnologies, Inc. (a) |
7,000 | 5,270 | ||||||||
Aeglea BioTherapeutics, Inc. (a) |
4,700 | 101,144 | ||||||||
Alaunos Therapeutics, Inc. (a) |
6,900 | 488 | ||||||||
Aldeyra Therapeutics, Inc. (a) |
9,800 | 34,398 | ||||||||
Alector, Inc. (a) |
7,800 | 62,244 | ||||||||
Aligos Therapeutics, Inc. (a) |
1,000 | 664 | ||||||||
Alkermes PLC (a) |
13,200 | 366,168 | ||||||||
Allogene Therapeutics, Inc. (a) |
27,000 | 86,670 | ||||||||
Allovir, Inc. (a) |
1,000 | 680 | ||||||||
Alpine Immune Sciences, Inc. (a) |
4,000 | 76,240 | ||||||||
Amgen, Inc. |
9,100 | 2,620,982 | ||||||||
Amneal Pharmaceuticals, Inc. (a) |
4,700 | 28,529 | ||||||||
Amphastar Pharmaceuticals, Inc. (a) |
1,900 | 117,515 | ||||||||
AnaptysBio, Inc. (a) |
1,900 | 40,698 | ||||||||
ANI Pharmaceuticals, Inc. (a) |
500 | 27,570 | ||||||||
Anika Therapeutics, Inc. (a) |
800 | 18,128 |
See Notes to Consolidated Schedule of Investments.
23
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Annexon, Inc. (a) |
2,800 | $ | 12,712 | |||||||
Applied Therapeutics, Inc. (a) |
1,500 | 5,025 | ||||||||
Arbutus Biopharma Corp. (a) |
200 | 500 | ||||||||
Arcellx, Inc. (a) |
600 | 33,300 | ||||||||
Arrowhead Pharmaceuticals, Inc. (a) |
300 | 9,180 | ||||||||
ARS Pharmaceuticals, Inc. (a) |
400 | 2,192 | ||||||||
Assertio Holdings, Inc. (a) |
15,550 | 16,638 | ||||||||
Astria Therapeutics, Inc. (a) |
400 | 3,072 | ||||||||
Atea Pharmaceuticals, Inc. (a) |
4,200 | 12,810 | ||||||||
Athira Pharma, Inc. (a) |
3,700 | 8,991 | ||||||||
aTyr Pharma, Inc. (a) |
3,400 | 4,794 | ||||||||
Aurinia Pharmaceuticals, Inc. (a) |
6,000 | 53,940 | ||||||||
Aurora Cannabis, Inc. (a) |
1,700 | 810 | ||||||||
Avid Bioservices, Inc. (a) |
1,000 | 6,500 | ||||||||
Avidity Biosciences, Inc. (a) |
9,300 | 84,165 | ||||||||
Avita Medical, Inc. (a) |
1,600 | 21,952 | ||||||||
Avrobio, Inc. (a) |
5,500 | 7,480 | ||||||||
BioAtla, Inc. (a) |
4,400 | 10,824 | ||||||||
BioCryst Pharmaceuticals, Inc. (a) |
38,800 | 232,412 | ||||||||
Biohaven Ltd. (a) |
700 | 29,960 | ||||||||
BioMarin Pharmaceutical, Inc. (a) |
2,600 | 250,692 | ||||||||
Biomea Fusion, Inc. (a) |
2,000 | 29,040 | ||||||||
Bio-Path Holdings, Inc. (a) |
6 | 3 | ||||||||
BioRestorative Therapies, Inc. (a) |
400 | 684 | ||||||||
Black Diamond Therapeutics, Inc. (a) |
800 | 2,248 | ||||||||
Bridgebio Pharma, Inc. (a) |
9,100 | 367,367 | ||||||||
Bristol-Myers Squibb Co. |
198,000 | 10,159,380 | ||||||||
C4 Therapeutics, Inc. (a) |
300 | 1,695 | ||||||||
Cara Therapeutics, Inc. (a) |
7,300 | 5,424 | ||||||||
CareDx, Inc. (a) |
8,600 | 103,200 | ||||||||
Caribou Biosciences, Inc. (a) |
300 | 1,719 | ||||||||
Clearside Biomedical, Inc. (a) |
500 | 585 | ||||||||
Codexis, Inc. (a) |
12,000 | 36,600 | ||||||||
Coherus Biosciences, Inc. (a) |
2,400 | 7,992 | ||||||||
Collegium Pharmaceutical, Inc. (a) |
4,100 | 126,198 | ||||||||
Compass Therapeutics, Inc. (a) |
200 | 312 | ||||||||
Corcept Therapeutics, Inc. (a) |
7,100 | 230,608 | ||||||||
Corvus Pharmaceuticals, Inc. (a) |
4,100 | 7,216 | ||||||||
Crinetics Pharmaceuticals, Inc. (a) |
200 | 7,116 | ||||||||
Cumberland Pharmaceuticals, Inc. (a) |
300 | 522 | ||||||||
Curis, Inc. (a) |
95 | 1,211 | ||||||||
Cymabay Therapeutics, Inc. (a) |
3,300 | 77,946 | ||||||||
Cytokinetics, Inc. (a) |
3,900 | 325,611 | ||||||||
CytomX Therapeutics, Inc. (a) |
3,800 | 5,890 | ||||||||
Deciphera Pharmaceuticals, Inc. (a) |
7,300 | 117,749 | ||||||||
Design Therapeutics, Inc. (a) |
8,500 | 22,525 | ||||||||
DiaMedica Therapeutics, Inc. (a) |
100 | 284 | ||||||||
Disc Medicine, Inc. (a) |
400 | 23,104 | ||||||||
Dominari Holdings, Inc. (a) |
300 | 777 | ||||||||
Durect Corp. (a) |
30 | 18 | ||||||||
Dynavax Technologies Corp. (a) |
1,500 | 20,970 | ||||||||
Dyne Therapeutics, Inc. (a) |
1,000 | 13,300 |
See Notes to Consolidated Schedule of Investments.
24
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Eagle Pharmaceuticals, Inc. (a) |
2,800 | $ | 14,644 | |||||||
Edgewise Therapeutics, Inc. (a) |
100 | 1,094 | ||||||||
Editas Medicine, Inc. (a) |
17,900 | 181,327 | ||||||||
Eledon Pharmaceuticals, Inc. (a) |
300 | 540 | ||||||||
Elevation Oncology, Inc. (a) |
900 | 483 | ||||||||
Eli Lilly & Co. |
2,800 | 1,632,176 | ||||||||
Emergent BioSolutions, Inc. (a) |
11,400 | 27,360 | ||||||||
Enanta Pharmaceuticals, Inc. (a) |
4,300 | 40,463 | ||||||||
Erasca, Inc. (a) |
11,600 | 24,708 | ||||||||
Esperion Therapeutics, Inc. (a) |
25,000 | 74,750 | ||||||||
Exelixis, Inc. (a) |
25,700 | 616,543 | ||||||||
Fate Therapeutics, Inc. (a) |
21,600 | 80,784 | ||||||||
FibroGen, Inc. (a) |
21,600 | 19,144 | ||||||||
Forte Biosciences, Inc. (a) |
800 | 657 | ||||||||
Fulcrum Therapeutics, Inc. (a) |
12,600 | 85,050 | ||||||||
Fusion Pharmaceuticals, Inc. (a) |
400 | 3,844 | ||||||||
G1 Therapeutics, Inc. (a) |
4,100 | 12,505 | ||||||||
Generation Bio Co. (a) |
1,800 | 2,970 | ||||||||
GlycoMimetics, Inc. (a) |
2,900 | 6,844 | ||||||||
Gossamer Bio, Inc. (a) |
17,300 | 15,786 | ||||||||
Graphite Bio, Inc. (a) |
2,000 | 5,240 | ||||||||
Harmony Biosciences Holdings, Inc. (a) |
3,800 | 122,740 | ||||||||
Harrow, Inc. (a) |
4,800 | 53,760 | ||||||||
Harvard Bioscience, Inc. (a) |
1,400 | 7,490 | ||||||||
Ideaya Biosciences, Inc. (a) |
2,100 | 74,718 | ||||||||
Illumina, Inc. (a) |
2,700 | 375,948 | ||||||||
Immunic, Inc. (a) |
7,200 | 10,800 | ||||||||
ImmunoGen, Inc. (a) |
30,100 | 892,465 | ||||||||
Immunovant, Inc. (a) |
600 | 25,278 | ||||||||
Incyte Corp. (a) |
23,900 | 1,500,681 | ||||||||
Inhibrx, Inc. (a) |
4,300 | 163,400 | ||||||||
Inovio Pharmaceuticals, Inc. (a) |
1,400 | 714 | ||||||||
Inozyme Pharma, Inc. (a) |
1,600 | 6,816 | ||||||||
Insmed, Inc. (a) |
11,600 | 359,484 | ||||||||
Instil Bio, Inc. (a) |
520 | 3,962 | ||||||||
Intellia Therapeutics, Inc. (a) |
11,100 | 338,439 | ||||||||
Ionis Pharmaceuticals, Inc. (a) |
8,700 | 440,133 | ||||||||
Ironwood Pharmaceuticals, Inc. (a) |
19,800 | 226,512 | ||||||||
Johnson & Johnson |
22,200 | 3,479,628 | ||||||||
KalVista Pharmaceuticals, Inc. (a) |
2,800 | 34,300 | ||||||||
Karyopharm Therapeutics, Inc. (a) |
4,200 | 3,633 | ||||||||
Kezar Life Sciences, Inc. (a) |
15,900 | 15,064 | ||||||||
Kinnate Biopharma, Inc. (a) |
1,700 | 4,029 | ||||||||
Kodiak Sciences, Inc. (a) |
4,100 | 12,464 | ||||||||
Kronos Bio, Inc. (a) |
3,800 | 4,750 | ||||||||
Kymera Therapeutics, Inc. (a) |
4,700 | 119,662 | ||||||||
Lantern Pharma, Inc. (a) |
200 | 856 | ||||||||
Larimar Therapeutics, Inc. (a) |
1,633 | 7,430 | ||||||||
Lipocine, Inc. (a) |
318 | 878 | ||||||||
Liquidia Corp. (a) |
5,800 | 69,774 | ||||||||
Lumos Pharma, Inc. (a) |
100 | 313 | ||||||||
Lyra Therapeutics, Inc. (a) |
300 | 1,572 |
See Notes to Consolidated Schedule of Investments.
25
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
MannKind Corp. (a) |
26,100 | $ | 95,004 | |||||||
Maravai LifeSciences Holdings, Inc., Class A (a) |
18,500 | 121,175 | ||||||||
Medpace Holdings, Inc. (a) |
2,100 | 643,713 | ||||||||
Merck & Co., Inc. |
86,300 | 9,408,426 | ||||||||
Mersana Therapeutics, Inc. (a) |
10,200 | 23,664 | ||||||||
Mettler-Toledo International, Inc. (a) |
600 | 727,776 | ||||||||
MiMedx Group, Inc. (a) |
10,600 | 92,962 | ||||||||
Mirum Pharmaceuticals, Inc. (a) |
5,600 | 165,312 | ||||||||
Morphic Holding, Inc. (a) |
7,100 | 205,048 | ||||||||
NanoString Technologies, Inc. (a) |
10,500 | 7,858 | ||||||||
Nektar Therapeutics (a) |
35,900 | 20,283 | ||||||||
Neurocrine Biosciences, Inc. (a) |
2,900 | 382,104 | ||||||||
NextCure, Inc. (a) |
800 | 912 | ||||||||
NGM Biopharmaceuticals, Inc. (a) |
8,200 | 7,044 | ||||||||
Nuvation Bio, Inc. (a) |
13,200 | 19,932 | ||||||||
Olema Pharmaceuticals, Inc. (a) |
3,700 | 51,911 | ||||||||
Omeros Corp. (a) |
2,300 | 7,521 | ||||||||
Onconova Therapeutics, Inc. (a) |
1,333 | 994 | ||||||||
Oncternal Therapeutics, Inc. (a) |
4,000 | 2,145 | ||||||||
Organogenesis Holdings, Inc. (a) |
14,300 | 58,487 | ||||||||
ORIC Pharmaceuticals, Inc. (a) |
200 | 1,840 | ||||||||
Pacira BioSciences, Inc. (a) |
600 | 20,244 | ||||||||
Passage Bio, Inc. (a) |
3,200 | 3,232 | ||||||||
PDS Biotechnology Corp. (a) |
4,700 | 23,359 | ||||||||
Personalis, Inc. (a) |
4,500 | 9,450 | ||||||||
Phibro Animal Health Corp., Class A |
1,000 | 11,580 | ||||||||
Phio Pharmaceuticals Corp. (a) |
41 | 31 | ||||||||
Pliant Therapeutics, Inc. (a) |
3,900 | 70,629 | ||||||||
PMV Pharmaceuticals, Inc. (a) |
2,400 | 7,440 | ||||||||
Precision BioSciences, Inc. (a) |
7,300 | 2,665 | ||||||||
Prelude Therapeutics, Inc. (a) |
1,200 | 5,124 | ||||||||
Prime Medicine, Inc. (a) |
100 | 886 | ||||||||
Protagonist Therapeutics, Inc. (a) |
8,000 | 183,440 | ||||||||
Protara Therapeutics, Inc. (a) |
400 | 748 | ||||||||
PTC Therapeutics, Inc. (a) |
6,100 | 168,116 | ||||||||
Puma Biotechnology, Inc. (a) |
3,900 | 16,887 | ||||||||
Pyxis Oncology, Inc. (a) |
700 | 1,260 | ||||||||
Quanterix Corp. (a) |
4,700 | 128,498 | ||||||||
Quince Therapeutics, Inc. (a) |
2,100 | 2,205 | ||||||||
Rain Oncology, Inc. (a) |
3,000 | 3,600 | ||||||||
RAPT Therapeutics, Inc. (a) |
3,300 | 82,005 | ||||||||
Recursion Pharmaceuticals, Inc., Class A (a) |
100 | 986 | ||||||||
Relay Therapeutics, Inc. (a) |
4,400 | 48,444 | ||||||||
Relmada Therapeutics, Inc. (a) |
4,700 | 19,458 | ||||||||
Replimune Group, Inc. (a) |
6,000 | 50,580 | ||||||||
Rigel Pharmaceuticals, Inc. (a) |
15,900 | 23,055 | ||||||||
Rocket Pharmaceuticals, Inc. (a) |
4,300 | 128,871 | ||||||||
Royalty Pharma PLC, Class A |
20,200 | 567,418 | ||||||||
Sage Therapeutics, Inc. (a) |
100 | 2,167 | ||||||||
Sangamo Therapeutics, Inc. (a) |
33,000 | 17,929 | ||||||||
Sarepta Therapeutics, Inc. (a) |
14,900 | 1,436,807 | ||||||||
Science 37 Holdings, Inc. (a) |
60 | 320 |
See Notes to Consolidated Schedule of Investments.
26
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Seelos Therapeutics, Inc. (a) |
30 | $ | 42 | |||||||
Seer, Inc. (a) |
2,300 | 4,462 | ||||||||
Sensei Biotherapeutics, Inc. (a) |
400 | 277 | ||||||||
Shattuck Labs, Inc. (a) |
100 | 713 | ||||||||
Spruce Biosciences, Inc. (a) |
1,400 | 4,102 | ||||||||
Standard BioTools, Inc. (a) |
200 | 442 | ||||||||
Strongbridge Biopharma (a),(b) |
5,000 | | ||||||||
Supernus Pharmaceuticals, Inc. (a) |
3,700 | 107,078 | ||||||||
Sutro Biopharma, Inc. (a) |
4,200 | 18,018 | ||||||||
Synaptogenix, Inc. (a) |
400 | 109 | ||||||||
Syndax Pharmaceuticals, Inc. (a) |
2,300 | 49,703 | ||||||||
Synlogic, Inc. (a) |
173 | 666 | ||||||||
Tarsus Pharmaceuticals, Inc. (a) |
300 | 6,075 | ||||||||
Tenaya Therapeutics, Inc. (a) |
1,500 | 4,860 | ||||||||
TG Therapeutics, Inc. (a) |
3,900 | 66,612 | ||||||||
Tourmaline Bio, Inc. (a) |
270 | 7,069 | ||||||||
Travere Therapeutics, Inc. (a) |
13,100 | 117,769 | ||||||||
Twist Bioscience Corp. (a) |
600 | 22,116 | ||||||||
Ultragenyx Pharmaceutical, Inc. (a) |
5,200 | 248,664 | ||||||||
UroGen Pharma Ltd. (a) |
100 | 1,500 | ||||||||
Vanda Pharmaceuticals, Inc. (a) |
12,200 | 51,484 | ||||||||
Ventyx Biosciences, Inc. (a) |
12,900 | 31,863 | ||||||||
Verastem, Inc. (a) |
1,108 | 9,019 | ||||||||
Vericel Corp. (a) |
2,600 | 92,586 | ||||||||
Viridian Therapeutics, Inc. (a) |
1,100 | 23,958 | ||||||||
Werewolf Therapeutics, Inc. (a) |
1,700 | 6,562 | ||||||||
XBiotech, Inc. (a) |
300 | 1,200 | ||||||||
Xencor, Inc. (a) |
4,100 | 87,043 | ||||||||
Xenon Pharmaceuticals, Inc. (a) |
2,900 | 133,574 | ||||||||
Y-mAbs Therapeutics, Inc. (a) |
3,000 | 20,460 | ||||||||
|
|
|||||||||
43,939,129 | ||||||||||
|
|
|||||||||
Real Estate Management & Development 0.0% |
||||||||||
Corp. Inmobiliaria Vesta SAB de CV, ADR |
11,993 | 475,163 | ||||||||
Douglas Elliman, Inc. |
100 | 295 | ||||||||
FirstService Corp. |
100 | 16,209 | ||||||||
Forestar Group, Inc. (a) |
1,300 | 42,991 | ||||||||
Opendoor Technologies, Inc. (a) |
57,800 | 258,944 | ||||||||
Rafael Holdings, Inc., Class B (a) |
500 | 915 | ||||||||
RE/MAX Holdings, Inc., Class A |
700 | 9,331 | ||||||||
Redfin Corp. (a) |
21,700 | 223,944 | ||||||||
RMR Group, Inc. (The), Class A |
900 | 25,407 | ||||||||
Tejon Ranch Co. (a) |
500 | 8,600 | ||||||||
|
|
|||||||||
1,061,799 | ||||||||||
|
|
|||||||||
Semiconductors & Semiconductor Equipment 1.1% |
||||||||||
Advanced Micro Devices, Inc. (a) |
200 | 29,482 | ||||||||
Alpha & Omega Semiconductor Ltd. (a) |
1,600 | 41,696 | ||||||||
Ambarella, Inc. (a) |
7,600 | 465,804 | ||||||||
Amtech Systems, Inc. (a) |
400 | 1,680 | ||||||||
ARM Holdings PLC, ADR (a) |
90,045 | 6,766,432 | ||||||||
AXT, Inc. (a) |
4,500 | 10,800 | ||||||||
Broadcom, Inc. (c) |
678 | 756,817 |
See Notes to Consolidated Schedule of Investments.
27
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
CEVA, Inc. (a) |
700 | $ | 15,897 | |||||||
Credo Technology Group Holding Ltd. (a) |
191,740 | 3,733,178 | ||||||||
CVD Equipment Corp. (a) |
100 | 443 | ||||||||
Diodes, Inc. (a) |
300 | 24,156 | ||||||||
Everspin Technologies, Inc. (a) |
2,000 | 18,080 | ||||||||
FormFactor, Inc. (a) |
2,400 | 100,104 | ||||||||
Intel Corp. |
500 | 25,125 | ||||||||
inTEST Corp. (a) |
1,900 | 25,840 | ||||||||
Kopin Corp. (a) |
5,900 | 11,977 | ||||||||
Lattice Semiconductor Corp. (a) |
9,200 | 634,708 | ||||||||
Maxeon Solar Technologies Ltd. (a) |
11,100 | 79,587 | ||||||||
MaxLinear, Inc. (a) |
6,900 | 164,013 | ||||||||
Micron Technology, Inc. |
124,700 | 10,641,898 | ||||||||
NVIDIA Corp. (c) |
23,842 | 11,807,035 | ||||||||
PDF Solutions, Inc. (a) |
1,900 | 61,066 | ||||||||
Photronics, Inc. (a) |
5,700 | 178,809 | ||||||||
Pixelworks, Inc. (a) |
2,400 | 3,144 | ||||||||
Qorvo, Inc. (a) |
900 | 101,349 | ||||||||
QUALCOMM, Inc. |
43,400 | 6,276,942 | ||||||||
Semtech Corp. (a) |
3,600 | 78,876 | ||||||||
Silicon Laboratories, Inc. (a) |
1,000 | 132,270 | ||||||||
SiTime Corp. (a) |
1,900 | 231,952 | ||||||||
SkyWater Technology, Inc. (a) |
1,400 | 13,468 | ||||||||
Skyworks Solutions, Inc. |
1,600 | 179,872 | ||||||||
SMART Global Holdings, Inc. (a) |
5,700 | 107,901 | ||||||||
SolarEdge Technologies, Inc. (a) |
12,400 | 1,160,640 | ||||||||
Synaptics, Inc. (a) |
4,900 | 558,992 | ||||||||
Teradyne, Inc. |
1,600 | 173,632 | ||||||||
Veeco Instruments, Inc. (a) |
3,730 | 115,742 | ||||||||
|
|
|||||||||
44,729,407 | ||||||||||
|
|
|||||||||
Software & Services 2.2% |
||||||||||
8x8, Inc. (a) |
18,300 | 69,357 | ||||||||
A10 Networks, Inc. |
7,400 | 97,458 | ||||||||
ACI Worldwide, Inc. (a) |
159,570 | 4,882,842 | ||||||||
Agilysys, Inc. (a) |
1,000 | 84,820 | ||||||||
Alarm.com Holdings, Inc. (a) |
300 | 19,386 | ||||||||
Altair Engineering, Inc., Class A (a) |
1,200 | 100,980 | ||||||||
Amdocs Ltd. |
100 | 8,789 | ||||||||
American Software, Inc., Class A |
2,600 | 29,380 | ||||||||
Appfolio, Inc., Class A (a) |
200 | 34,648 | ||||||||
AppLovin Corp., Class A (a) |
36,400 | 1,450,540 | ||||||||
Arteris, Inc. (a) |
100 | 589 | ||||||||
Asana, Inc., Class A (a) |
11,700 | 222,417 | ||||||||
Atlassian Corp., Class A (a) |
300 | 71,358 | ||||||||
Backblaze, Inc., Class A (a) |
3,400 | 25,806 | ||||||||
BigCommerce Holdings, Inc., Series 1 (a) |
4,100 | 39,893 | ||||||||
Bitfarms Ltd. (a) |
100 | 291 | ||||||||
Brightcove, Inc. (a) |
3,800 | 9,842 | ||||||||
Cerence, Inc. (a) |
900 | 17,694 | ||||||||
Cipher Mining, Inc. (a) |
100 | 413 | ||||||||
Cleanspark, Inc. (a) |
100 | 1,103 |
See Notes to Consolidated Schedule of Investments.
28
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Clearwater Analytics Holdings, Inc., Class A (a) |
132,755 | $ | 2,659,082 | |||||||
Cloudflare, Inc., Class A (a) |
38,200 | 3,180,532 | ||||||||
CommVault Systems, Inc. (a) |
2,000 | 159,700 | ||||||||
Confluent, Inc., Class A (a) |
7,200 | 168,480 | ||||||||
Crowdstrike Holdings, Inc., Class A (a) |
25,800 | 6,587,256 | ||||||||
Datadog, Inc., Class A (a),(c) |
5,800 | 704,004 | ||||||||
Digimarc Corp. (a) |
900 | 32,508 | ||||||||
DigitalOcean Holdings, Inc. (a) |
2,900 | 106,401 | ||||||||
DocuSign, Inc. (a) |
44,800 | 2,663,360 | ||||||||
Domo, Inc., Class B (a) |
2,500 | 25,725 | ||||||||
Edgio, Inc. (a) |
9,900 | 3,391 | ||||||||
eGain Corp. (a) |
1,200 | 9,996 | ||||||||
Elastic NV (a) |
8,200 | 924,140 | ||||||||
Expensify, Inc., Class A (a) |
2,300 | 5,681 | ||||||||
Fastly, Inc., Class A (a) |
20,900 | 372,020 | ||||||||
Fortinet, Inc. (a) |
51,000 | 2,985,030 | ||||||||
Freshworks, Inc., Class A (a) |
8,300 | 194,967 | ||||||||
Gartner, Inc. (a) |
1,000 | 451,110 | ||||||||
Gitlab, Inc., Class A (a) |
11,500 | 724,040 | ||||||||
GoDaddy, Inc., Class A (a) |
1,900 | 201,704 | ||||||||
Greenidge Generation Holdings, Inc. (a) |
20 | 134 | ||||||||
Hackett Group, Inc. (The) |
1,000 | 22,770 | ||||||||
HashiCorp, Inc., Class A (a) |
3,000 | 70,920 | ||||||||
Hive Digital Technologies Ltd. (a) |
200 | 906 | ||||||||
HubSpot, Inc. (a) |
1,100 | 638,594 | ||||||||
Informatica, Inc., Class A (a) |
1,300 | 36,907 | ||||||||
Information Services Group, Inc. |
1,100 | 5,181 | ||||||||
Instructure Holdings, Inc. (a) |
100 | 2,701 | ||||||||
Intapp, Inc. (a) |
600 | 22,812 | ||||||||
Intellicheck, Inc. (a) |
700 | 1,330 | ||||||||
Klaviyo, Inc., Class A (a) |
30,115 | 836,595 | ||||||||
Kyndryl Holdings, Inc. (a) |
200 | 4,156 | ||||||||
LivePerson, Inc. (a) |
17,700 | 67,083 | ||||||||
LiveRamp Holdings, Inc. (a) |
5,500 | 208,340 | ||||||||
Manhattan Associates, Inc. (a) |
500 | 107,660 | ||||||||
Marathon Digital Holdings, Inc. (a) |
14,600 | 342,954 | ||||||||
Microsoft Corp. (c) |
37,619 | 14,146,249 | ||||||||
Mitek Systems, Inc. (a) |
300 | 3,912 | ||||||||
Model N, Inc. (a) |
2,400 | 64,632 | ||||||||
Monday.com Ltd. (a) |
8,700 | 1,633,947 | ||||||||
MongoDB, Inc. (a) |
4,900 | 2,003,365 | ||||||||
N-able, Inc. (a) |
5,500 | 72,875 | ||||||||
NetSol Technologies, Inc. (a) |
200 | 430 | ||||||||
Nutanix, Inc., Class A (a) |
40,508 | 1,931,826 | ||||||||
Olo, Inc., Class A (a) |
2,600 | 14,872 | ||||||||
ON24, Inc. (a) |
800 | 6,304 | ||||||||
Oracle Corp. |
5,300 | 558,779 | ||||||||
Pagaya Technologies Ltd., Class A (a) |
6,900 | 9,522 | ||||||||
Palantir Technologies, Inc., Class A (a) |
192,600 | 3,306,942 | ||||||||
Phunware, Inc. (a) |
100 | 8 | ||||||||
Procore Technologies, Inc. (a) |
30,008 | 2,077,154 | ||||||||
PTC, Inc. (a) |
1,000 | 174,960 |
See Notes to Consolidated Schedule of Investments.
29
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Q2 Holdings, Inc. (a) |
132,763 | $ | 5,763,242 | |||||||
Qualys, Inc. (a) |
3,300 | 647,724 | ||||||||
Rackspace Technology, Inc. (a) |
1,300 | 2,600 | ||||||||
Red Violet, Inc. (a) |
100 | 1,997 | ||||||||
Rimini Street, Inc. (a) |
5,700 | 18,639 | ||||||||
RingCentral, Inc., Class A (a) |
1,600 | 54,320 | ||||||||
Samsara, Inc., Class A (a) |
39,200 | 1,308,496 | ||||||||
SecureWorks Corp., Class A (a) |
500 | 3,690 | ||||||||
SEMrush Holdings, Inc., Class A (a) |
3,100 | 42,346 | ||||||||
SentinelOne, Inc., Class A (a) |
47,500 | 1,303,400 | ||||||||
Snowflake, Inc., Class A (a) |
24,204 | 4,816,596 | ||||||||
SolarWinds Corp. (a) |
6,700 | 83,683 | ||||||||
SoundThinking, Inc. (a) |
300 | 7,662 | ||||||||
Sprinklr, Inc., Class A (a) |
1,000 | 12,040 | ||||||||
SPS Commerce, Inc. (a) |
200 | 38,768 | ||||||||
Squarespace, Inc., Class A (a) |
10,200 | 336,702 | ||||||||
Telos Corp. (a) |
6,900 | 25,185 | ||||||||
Tenable Holdings, Inc. (a) |
6,400 | 294,784 | ||||||||
Twilio, Inc., Class A (a) |
800 | 60,696 | ||||||||
UiPath, Inc., Class A (a) |
106,300 | 2,640,492 | ||||||||
Unisys Corp. (a) |
12,800 | 71,936 | ||||||||
Unity Software, Inc. (a) |
44,100 | 1,803,249 | ||||||||
Upland Software, Inc. (a) |
5,000 | 21,150 | ||||||||
Varonis Systems, Inc. (a) |
6,900 | 312,432 | ||||||||
VeriSign, Inc. (a) |
1,700 | 350,132 | ||||||||
Vertex, Inc., Class A (a) |
3,600 | 96,984 | ||||||||
VirnetX Holding Corp. (a) |
210 | 1,470 | ||||||||
Weave Communications, Inc. (a) |
5,700 | 65,379 | ||||||||
Workiva, Inc. (a) |
2,300 | 233,519 | ||||||||
Yext, Inc. (a) |
10,300 | 60,667 | ||||||||
Zoom Video Communications, Inc., Class A (a) |
56,400 | 4,055,724 | ||||||||
Zscaler, Inc. (a) |
25,700 | 5,694,092 | ||||||||
Zuora, Inc., Class A (a) |
13,900 | 130,660 | ||||||||
|
|
|||||||||
88,062,009 | ||||||||||
|
|
|||||||||
Technology Hardware & Equipment 1.2% |
||||||||||
Aeva Technologies, Inc. (a) |
6,100 | 4,622 | ||||||||
Airgain, Inc. (a) |
300 | 1,068 | ||||||||
Amphenol Corp., Class A |
97,602 | 9,675,286 | ||||||||
Apple, Inc. (c) |
69,838 | 13,445,910 | ||||||||
Arlo Technologies, Inc. (a) |
3,000 | 28,560 | ||||||||
Arrow Electronics, Inc. (a) |
500 | 61,125 | ||||||||
Aviat Networks, Inc. (a) |
800 | 26,128 | ||||||||
Avnet, Inc. |
600 | 30,240 | ||||||||
Bel Fuse, Inc., Class B |
600 | 40,062 | ||||||||
Benchmark Electronics, Inc. |
1,600 | 44,224 | ||||||||
CalAmp Corp. (a) |
4,400 | 1,104 | ||||||||
Cambium Networks Corp. (a) |
1,200 | 7,200 | ||||||||
Casa Systems, Inc. (a) |
100 | 53 | ||||||||
Celestica, Inc. (a) |
5,300 | 155,184 | ||||||||
CommScope Holding Co., Inc. (a) |
15,200 | 42,864 | ||||||||
CompoSecure, Inc. (a) |
1,700 | 9,180 |
See Notes to Consolidated Schedule of Investments.
30
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Comtech Telecommunications Corp. |
1,900 | $ | 16,017 | |||||||
CPI Card Group, Inc. (a) |
400 | 7,676 | ||||||||
Crane NXT Co. |
2,200 | 125,114 | ||||||||
Daktronics, Inc. (a) |
2,000 | 16,960 | ||||||||
Dell Technologies, Inc., Class C |
100 | 7,650 | ||||||||
Digi International, Inc. (a) |
100 | 2,600 | ||||||||
DZS, Inc. (a) |
700 | 1,379 | ||||||||
EMCORE Corp. (a) |
5,700 | 2,787 | ||||||||
Evolv Technologies Holdings, Inc. (a) |
6,600 | 31,152 | ||||||||
Extreme Networks, Inc. (a) |
12,600 | 222,264 | ||||||||
FARO Technologies, Inc. (a) |
2,100 | 47,313 | ||||||||
Flex Ltd. (a) |
500 | 15,230 | ||||||||
Harmonic, Inc. (a) |
3,500 | 45,640 | ||||||||
Hewlett Packard Enterprise Co. |
103,700 | 1,760,826 | ||||||||
HP, Inc. (c) |
23,330 | 702,000 | ||||||||
Identiv, Inc. (a) |
1,000 | 8,240 | ||||||||
Immersion Corp. |
4,400 | 31,064 | ||||||||
Infinera Corp. (a) |
10,300 | 48,925 | ||||||||
Inseego Corp. (a) |
1,000 | 220 | ||||||||
IonQ, Inc. (a) |
9,600 | 118,944 | ||||||||
IPG Photonics Corp. (a) |
2,200 | 238,788 | ||||||||
Itron, Inc. (a) |
1,800 | 135,918 | ||||||||
Kimball Electronics, Inc. (a) |
200 | 5,390 | ||||||||
Lumentum Holdings, Inc. (a) |
5,300 | 277,826 | ||||||||
Methode Electronics, Inc. |
2,100 | 47,733 | ||||||||
Neonode, Inc. (a) |
100 | 229 | ||||||||
NETGEAR, Inc. (a) |
3,000 | 43,740 | ||||||||
NetScout Systems, Inc. (a) |
800 | 17,560 | ||||||||
nLight, Inc. (a) |
2,900 | 39,150 | ||||||||
PAR Technology Corp. (a) |
300 | 13,062 | ||||||||
PC Connection, Inc. |
100 | 6,721 | ||||||||
Plexus Corp. (a) |
100 | 10,813 | ||||||||
Pure Storage, Inc., Class A (a) |
40,900 | 1,458,494 | ||||||||
Ribbon Communications, Inc. (a) |
3,000 | 8,700 | ||||||||
Sanmina Corp. (a) |
2,000 | 102,740 | ||||||||
ScanSource, Inc. (a) |
500 | 19,805 | ||||||||
Super Micro Computer, Inc. (a) |
15,895 | 4,518,313 | ||||||||
TD SYNNEX Corp. |
200 | 21,522 | ||||||||
Teledyne Technologies, Inc. (a) |
32,600 | 14,549,054 | ||||||||
Vishay Precision Group, Inc. (a) |
500 | 17,035 | ||||||||
Western Digital Corp. (a) |
10,900 | 570,833 | ||||||||
Xerox Holdings Corp. |
1,700 | 31,161 | ||||||||
|
|
|||||||||
48,919,398 | ||||||||||
|
|
|||||||||
Telecommunication Services 0.1% |
||||||||||
Bandwidth, Inc., Class A (a) |
4,100 | 59,327 | ||||||||
EchoStar Corp., Class A (a) |
1,000 | 16,570 | ||||||||
Gogo, Inc. (a) |
2,400 | 24,312 | ||||||||
IDT Corp., Class B (a) |
800 | 27,272 | ||||||||
Learfield Communications LLC (a),(c) |
91,802 | 3,924,536 | ||||||||
Lumen Technologies, Inc. (a) |
221,900 | 406,077 | ||||||||
NII Holdings, Inc. (a),(b) |
50,677 | 13,176 |
See Notes to Consolidated Schedule of Investments.
31
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
Ooma, Inc. (a) |
800 | $ | 8,584 | |||||||||
Spok Holdings, Inc. |
3,300 | 51,084 | ||||||||||
Telephone & Data Systems, Inc. |
200 | 3,670 | ||||||||||
T-Mobile U.S., Inc. (c) |
5,464 | 876,043 | ||||||||||
|
|
|||||||||||
5,410,651 | ||||||||||||
|
|
|||||||||||
Transportation 0.4% |
||||||||||||
Air Transport Services Group, Inc. (a) |
2,000 | 35,220 | ||||||||||
Avis Budget Group, Inc. (a) |
2,500 | 443,150 | ||||||||||
Canadian Pacific Kansas City Ltd. |
140,000 | 11,068,400 | ||||||||||
Covenant Logistics Group, Inc. |
200 | 9,208 | ||||||||||
Daseke, Inc. (a) |
4,300 | 34,830 | ||||||||||
Heartland Express, Inc. |
700 | 9,982 | ||||||||||
Hub Group, Inc., Class A (a) |
200 | 18,388 | ||||||||||
Lyft, Inc., Class A (a) |
84,477 | 1,266,310 | ||||||||||
Marten Transport Ltd. |
2,799 | 58,723 | ||||||||||
Mesa Air Group, Inc. (a) |
3,600 | 3,636 | ||||||||||
Norfolk Southern Corp. |
2,500 | 590,950 | ||||||||||
PAM Transportation Services, Inc. (a) |
100 | 2,078 | ||||||||||
Pangaea Logistics Solutions Ltd. |
2,100 | 17,304 | ||||||||||
Radiant Logistics, Inc. (a) |
2,200 | 14,608 | ||||||||||
RXO, Inc. (a) |
100 | 2,326 | ||||||||||
Schneider National, Inc., Class B |
2,000 | 50,900 | ||||||||||
Seanergy Maritime Holdings Corp. |
30 | 235 | ||||||||||
TuSimple Holdings, Inc., Class A (a) |
29,900 | 26,246 | ||||||||||
Uber Technologies, Inc. (a) |
1,800 | 110,826 | ||||||||||
Universal Logistics Holdings, Inc. |
300 | 8,406 | ||||||||||
|
|
|||||||||||
13,771,726 | ||||||||||||
|
|
|||||||||||
Utilities 0.2% |
||||||||||||
Artesian Resources Corp., Class A |
300 | 12,435 | ||||||||||
Avangrid, Inc. |
3,100 | 100,471 | ||||||||||
Chesapeake Utilities Corp. |
15,005 | 1,584,978 | ||||||||||
Consolidated Water Co. Ltd. |
100 | 3,560 | ||||||||||
Evergy, Inc. |
7,900 | 412,380 | ||||||||||
Hawaiian Electric Industries, Inc. |
24,100 | 341,979 | ||||||||||
NextEra Energy, Inc. |
200 | 12,148 | ||||||||||
NRG Energy, Inc. |
49,600 | 2,564,320 | ||||||||||
PG&E Corp. |
179,954 | 3,244,571 | ||||||||||
PNM Resources, Inc. |
7,200 | 299,520 | ||||||||||
Sunnova Energy International, Inc. (a),(c) |
30,993 | 472,643 | ||||||||||
TransAlta Corp. |
2,200 | 18,282 | ||||||||||
Unitil Corp. |
200 | 10,514 | ||||||||||
York Water Co. (The) |
400 | 15,448 | ||||||||||
|
|
|||||||||||
9,093,249 | ||||||||||||
|
|
|||||||||||
Total North America |
717,784,139 | |||||||||||
|
|
|||||||||||
Oceania 0.0% |
||||||||||||
Energy 0.0% |
||||||||||||
Imperial Petroleum, Inc., (a) |
40 | 106 | ||||||||||
|
|
|||||||||||
Software & Services 0.0% |
||||||||||||
Iris Energy Ltd., (a) |
11,900 | 85,085 | ||||||||||
|
|
|||||||||||
Total Oceania |
85,191 | |||||||||||
|
|
See Notes to Consolidated Schedule of Investments.
32
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
South America 0.1% |
||||||||||||
Banks 0.0% |
||||||||||||
Grupo Supervielle SA, ADR (a) |
300 | $ | 1,218 | |||||||||
NU Holdings Ltd., Class A (a) |
160,300 | 1,335,299 | ||||||||||
|
|
|||||||||||
1,336,517 | ||||||||||||
|
|
|||||||||||
Capital Goods 0.0% |
||||||||||||
Embraer SA, ADR (a) |
100 | 1,845 | ||||||||||
|
|
|||||||||||
Consumer Services 0.0% |
||||||||||||
Arcos Dorados Holdings, Inc., Class A |
9,063 | 115,009 | ||||||||||
Despegar.com Corp. (a) |
1,800 | 17,028 | ||||||||||
|
|
|||||||||||
132,037 | ||||||||||||
|
|
|||||||||||
Energy 0.0% |
||||||||||||
Geopark Ltd. |
1,900 | 16,283 | ||||||||||
Gran Tierra Energy, Inc. (a) |
6,690 | 37,732 | ||||||||||
|
|
|||||||||||
54,015 | ||||||||||||
|
|
|||||||||||
Financial Services 0.1% |
||||||||||||
Dlocal Ltd. (a) |
10,400 | 183,976 | ||||||||||
StoneCo Ltd., Class A (a) |
44,100 | 795,123 | ||||||||||
XP, Inc., Class A |
28,500 | 742,995 | ||||||||||
|
|
|||||||||||
1,722,094 | ||||||||||||
|
|
|||||||||||
Food, Beverage & Tobacco 0.0% |
||||||||||||
Adecoagro SA, |
300 | 3,330 | ||||||||||
|
|
|||||||||||
Materials 0.0% |
||||||||||||
Gerdau SA, ADR |
200 | 970 | ||||||||||
Loma Negra Cia Industrial Argentina SA, ADR |
200 | 1,418 | ||||||||||
Nexa Resources SA (a) |
700 | 4,998 | ||||||||||
|
|
|||||||||||
7,386 | ||||||||||||
|
|
|||||||||||
Media & Entertainment 0.0% |
||||||||||||
VTEX, Class A (a) |
7,900 | 54,352 | ||||||||||
|
|
|||||||||||
Utilities 0.0% |
||||||||||||
Cia Energetica de Minas Gerais, ADR |
10,600 | 24,592 | ||||||||||
|
|
|||||||||||
Total South America |
3,336,168 | |||||||||||
|
|
|||||||||||
TOTAL COMMON STOCK |
741,452,682 | |||||||||||
|
|
|||||||||||
PREFERRED STOCK 0.2% |
||||||||||||
North America 0.2% |
||||||||||||
Commercial & Professional Services 0.0% |
||||||||||||
Journey Group PLC (a),(b),(c) |
15,330 | 314,572 | ||||||||||
|
|
|||||||||||
Consumer Discretionary Distribution & Retail 0.1% |
||||||||||||
Guitar Center, Inc. (a),(b),(c) |
38,645 | 3,207,535 | ||||||||||
|
|
|||||||||||
Health Care Equipment & Services 0.1% |
||||||||||||
ATI Physical Therapy, Inc. (a),(b),(c) |
3,039 | 2,355,225 | ||||||||||
|
|
|||||||||||
Total North America |
5,877,332 | |||||||||||
|
|
|||||||||||
TOTAL PREFERRED STOCK |
5,877,332 | |||||||||||
|
|
See Notes to Consolidated Schedule of Investments.
33
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||||
ASSET-BACKED SECURITIES 5.4% |
||||||||||||
Europe 0.4% |
||||||||||||
Allegro CLO XV Ltd., Series 2022-1A, Class D, 3 mo. TSFR + 3.65%, |
$ | 1,500,000 | $ | 1,430,428 | ||||||||
Ares LXVI CLO Ltd., Series 2022-66A, Class ER, 3 mo. TSFR + 7.00%, |
2,000,000 | 1,940,052 | ||||||||||
Bain Capital Credit CLO Ltd., |
||||||||||||
Series 2020-4A, Class D1AR, 3 mo. TSFR + 4.75%, 10.17%, 10/20/36 (c),(d),(e) |
1,000,000 | 1,001,557 | ||||||||||
Series 2020-4A, Class ER, 3 mo. TSFR + 7.98%, 13.40%, 10/20/36 (c),(d),(e) |
1,000,000 | 996,014 | ||||||||||
Series 2023-1A, Class D, 3 mo. TSFR + 4.90%, 10.29%, 04/16/36 (c),(d),(e) |
1,000,000 | 998,074 | ||||||||||
Ballyrock CLO Ltd., Series 2022-19A, Class B, 3 mo. TSFR + 2.35%, |
1,250,000 | 1,233,171 | ||||||||||
Dryden 107 CLO Ltd., Series 2023-107A, Class E, 3 mo. TSFR + 7.73%, |
500,000 | 495,321 | ||||||||||
OCP CLO Ltd., Series 2022-24A, Class C, 3 mo. TSFR + 2.55%, 7.97%, 07/20/35 (c),(d),(e) |
2,500,000 | 2,480,440 | ||||||||||
Palmer Square CLO Ltd., Series 2020-3A, Class BR2, 3 mo. TSFR + 2.65%, |
5,000,000 | 5,000,000 | ||||||||||
|
|
|||||||||||
Total Europe |
15,575,057 | |||||||||||
|
|
|||||||||||
North America 5.0% |
||||||||||||
ACE Securities Corp. Home Equity Loan Trust, Series 2006-ASP6, Class A2C, |
2,471,215 | 720,819 | ||||||||||
AIMCO CLO, Series 2015-AA, Class DR2, 3 mo. TSFR + 3.31%, 8.71%, 10/17/34 (c),(d),(e) |
1,700,000 | 1,684,936 | ||||||||||
Allegro CLO XI Ltd., Series 2019-2A, Class D, 3 mo. TSFR + 4.21%, |
1,500,000 | 1,489,117 | ||||||||||
Allegro CLO XII Ltd., Series 2020-1A, Class E, 3 mo. TSFR + 7.36%, |
2,250,000 | 2,211,741 | ||||||||||
AMMC CLO 24 Ltd., Series 2021-24A, Class E, 3 mo. TSFR + 6.83%, |
1,000,000 | 950,090 | ||||||||||
Apidos CLO XVIII Ltd., Series 2018-18A, Class C, 3 mo. TSFR + 2.46%, |
1,500,000 | 1,494,961 | ||||||||||
Ares LIV CLO Ltd., Series 2019-54A, Class E, 3 mo. TSFR + 7.60%, |
250,000 | 245,436 | ||||||||||
Ares LVIII CLO Ltd., Series 2020-58A, Class CR, 3 mo. TSFR + 2.10%, |
1,900,000 | 1,836,852 | ||||||||||
Ares LXI CLO Ltd., Series 2021-61A, Class E, 3 mo. TSFR + 6.51%, |
1,000,000 | 931,749 | ||||||||||
Ares LXVIII CLO Ltd., Series 2023-68A, Class E, 3 mo. TSFR + 8.55%, |
1,000,000 | 997,695 | ||||||||||
Ares XLIII CLO Ltd., Series 2017-43A, Class ER, 3 mo. TSFR + 7.12%, |
1,500,000 | 1,427,429 | ||||||||||
Bain Capital Credit CLO Ltd., |
||||||||||||
Series 2022-1A, Class A1, 3 mo. TSFR + 1.32%, 6.72%, 04/18/35 (c),(d),(e) |
7,000,000 | 6,939,142 | ||||||||||
Series 2023-2A, Class E, 3 mo. TSFR + 8.48%, 13.71%, 07/18/36 (c),(d),(e) |
1,000,000 | 1,004,756 | ||||||||||
Balboa Bay Loan Funding Ltd., |
||||||||||||
Series 2020-1A, Class DR, 3 mo. TSFR + 3.41%, 8.82%, 01/20/32 (c),(d),(e) |
1,185,000 | 1,174,002 | ||||||||||
Series 2021-1A, Class E, 3 mo. TSFR + 6.42%, 11.84%, 07/20/34 (c),(d),(e) |
1,000,000 | 901,809 | ||||||||||
Series 2023-1A, Class D, 3 mo. TSFR + 5.50%, 10.92%, 04/20/35 (c),(d),(e) |
1,000,000 | 997,381 | ||||||||||
Series 2023-2A, Class D, 3 mo. TSFR + 4.50%, 9.92%, 10/20/36 (c),(d),(e) |
1,250,000 | 1,251,540 | ||||||||||
Ballyrock CLO Ltd., |
||||||||||||
Series 2020-14A, Class C, 3 mo. TSFR + 3.86%, 9.28%, 01/20/34 (c),(d),(e) |
2,000,000 | 1,991,994 | ||||||||||
Series 2022-20A, Class CR, 3 mo. TSFR + 4.15%, 9.54%, 07/15/34 (c),(d),(e) |
2,000,000 | 1,996,704 | ||||||||||
Series 2022-20A, Class DR, 3 mo. TSFR + 7.25%, 12.64%, 07/15/34 (c),(d),(e) |
1,500,000 | 1,496,439 |
See Notes to Consolidated Schedule of Investments.
34
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Barings CLO Ltd., |
||||||||||
Series 2018-4A, Class D, 3 mo. TSFR + 3.16%, 8.56%, 10/15/30 (c),(d),(e) |
$ | 1,000,000 | $ | 985,689 | ||||||
Series 2019-2A, Class DR, 3 mo. TSFR + 7.04%, 12.44%, 04/15/36 (c),(d),(e) |
500,000 | 481,315 | ||||||||
Series 2021-2A, Class E, 3 mo. TSFR + 6.51%, 11.91%, 07/15/34 (c),(d),(e) |
1,000,000 | 952,991 | ||||||||
Series 2022-2A, Class D, 3 mo. TSFR + 4.25%, 9.64%, 07/15/35 (c),(d),(e) |
1,500,000 | 1,492,390 | ||||||||
Series 2023-3A, Class D, 3 mo. TSFR + 4.50%, 9.91%, 10/15/36 (c),(d),(e) |
1,500,000 | 1,498,587 | ||||||||
Series 2023-3A, Class E, 3 mo. TSFR + 7.33%, 12.74%, 10/15/36 (c),(d),(e) |
1,000,000 | 997,257 | ||||||||
BDS Ltd., Series 2021-FL7, Class C, 1 mo. TSFR + 1.81%, 7.17%, 06/16/36 (c),(d),(e) |
1,000,000 | 961,409 | ||||||||
Benefit Street Partners CLO IV Ltd., Series 2014-IVA, Class DRR, 3 mo. TSFR + 7.46%, 12.88%, 01/20/32 (c),(d),(e) |
1,000,000 | 974,731 | ||||||||
Benefit Street Partners CLO X Ltd., |
||||||||||
Series 2016-10A, Class CRR, 3 mo. TSFR + 3.76%, 9.18%, 04/20/34 (c),(d),(e) |
2,000,000 | 1,929,786 | ||||||||
Series 2016-10A, Class DRR, 3 mo. TSFR + 7.01%, 12.43%, 04/20/34 (c),(d),(e) |
1,000,000 | 978,673 | ||||||||
Benefit Street Partners CLO XX Ltd., Series 2020-20A, Class ER, 3 mo. TSFR + 7.01%, 12.41%, 07/15/34 (c),(d),(e) |
1,000,000 | 987,938 | ||||||||
Benefit Street Partners CLO XXI Ltd., Series 2020-21A, Class ER, 3 mo. TSFR + 6.96%, 12.36%, 10/15/34 (c),(d),(e) |
1,000,000 | 980,206 | ||||||||
Benefit Street Partners CLO XXIII Ltd., Series 2021-23A, Class D, 3 mo. TSFR + 3.91%, 9.29%, 04/25/34 (c),(d),(e) |
1,800,000 | 1,792,852 | ||||||||
BHG Securitization Trust, Series 2022-A, Class C, 3.08%, 02/20/35 (c),(d) |
312,000 | 277,245 | ||||||||
BlueMountain CLO XXIX Ltd., Series 2020-29A, Class ER, 3 mo. TSFR + 7.12%, |
1,000,000 | 907,678 | ||||||||
BlueMountain CLO XXVIII Ltd., Series 2021-28A, Class E, 3 mo. TSFR + 6.66%, |
250,000 | 227,788 | ||||||||
BlueMountain CLO XXX Ltd., Series 2020-30A, Class AR, 3 mo. TSFR + 1.37%, |
7,250,000 | 7,204,753 | ||||||||
BlueMountain CLO XXXII Ltd., Series 2021-32A, Class D, 3 mo. TSFR + 3.66%, |
2,000,000 | 1,925,048 | ||||||||
BPCRE Ltd., |
||||||||||
Series 2022-FL2, Class AS, 1 mo. TSFR + 3.10%, 8.46%, 01/16/37 (c),(d),(e) |
1,000,000 | 997,667 | ||||||||
Series 2022-FL2, Class B, 1 mo. TSFR + 3.80%, 9.16%, 01/16/37 (c),(d),(e) |
1,000,000 | 996,380 | ||||||||
Broad River BSL Funding CLO Ltd., Series 2020-1A, Class ER, 3 mo. TSFR + 6.76%, 12.18%, 07/20/34 (c),(d),(e) |
2,000,000 | 1,939,806 | ||||||||
BSPRT Issuer Ltd., Series 2022-FL9, Class C, 1 mo. TSFR + 3.92%, |
1,277,000 | 1,223,902 | ||||||||
Canyon CLO Ltd., Series 2021-3A, Class D, 3 mo. TSFR + 3.31%, |
1,000,000 | 963,642 | ||||||||
Capital Four US CLO III Ltd., Series 2022-2A, Class D1, 3 mo. TSFR + 5.80%, |
1,000,000 | 999,770 | ||||||||
Carlyle U.S. CLO Ltd., Series 2019-1A, Class CR, 3 mo. TSFR + 3.61%, |
1,500,000 | 1,481,067 | ||||||||
Carlyle US CLO Ltd., |
||||||||||
Series 2019-2A, Class CR, 3 mo. TSFR + 3.46%, 8.86%, 07/15/32 (c),(d),(e) |
1,500,000 | 1,449,451 | ||||||||
Series 2020-1A, Class DR, 3 mo. TSFR + 6.51%, 11.93%, 07/20/34 (c),(d),(e) |
1,000,000 | 965,851 | ||||||||
Series 2023-5A, Class E, 3 mo. TSFR + 7.90%, 1.00%, 01/27/36 (c),(d),(e) |
1,000,000 | 996,800 | ||||||||
CarVal CLO I Ltd., Series 2018-1A, Class E, 3 mo. TSFR + 6.03%, |
2,000,000 | 1,769,008 | ||||||||
CarVal CLO II Ltd., Series 2019-1A, Class ER, 3 mo. TSFR + 6.83%, |
2,500,000 | 2,368,527 | ||||||||
CarVal CLO IV Ltd., Series 2021-1A, Class E, 3 mo. TSFR + 6.86%, |
1,000,000 | 917,907 | ||||||||
Cedar Funding IV CLO Ltd., Series 2014-4A, Class ERR, 3 mo. TSFR + 6.87%, 12.28%, 07/23/34 (c),(d),(e) |
1,500,000 | 1,403,082 | ||||||||
Cedar Funding VI CLO Ltd., |
||||||||||
Series 2016-6A, Class DRR, 3 mo. TSFR + 3.57%, 8.99%, 04/20/34 (c),(d),(e) |
1,000,000 | 965,537 |
See Notes to Consolidated Schedule of Investments.
35
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Series 2016-6A, Class ERR, 3 mo. TSFR + 6.98%, 12.40%, 04/20/34 (c),(d),(e) |
$ | 1,250,000 | $ | 1,186,484 | ||||||
Cedar Funding XVII CLO Ltd., Series 2023-17A, Class E, 3 mo. TSFR + 8.16%, |
1,000,000 | 998,562 | ||||||||
CIFC Funding Ltd., |
||||||||||
Series 2019-3A, Class CR, 3 mo. TSFR + 3.31%, 8.71%, 10/16/34 (c),(d),(e) |
1,140,000 | 1,127,340 | ||||||||
Series 2019-3A, Class DR, 3 mo. TSFR + 7.06%, 12.46%, 10/16/34 (c),(d),(e) |
1,000,000 | 992,978 | ||||||||
Series 2021-6A, Class D, 3 mo. TSFR + 3.36%, 8.76%, 10/15/34 (c),(d),(e) |
1,000,000 | 993,352 | ||||||||
CoreVest American Finance Ltd., |
||||||||||
Series 2017-2, Class M, 5.38%, 12/25/27 (c),(d),(e) |
1,000,000 | 915,341 | ||||||||
Series 2019-2, Class XA, 2.40%, 06/15/52 (c),(d),(e),(f) |
2,405,606 | 19,611 | ||||||||
Series 2019-3, Class XA, 2.03%, 10/15/52 (c),(d),(e),(f) |
7,584,280 | 150,108 | ||||||||
Series 2020-1, Class E, 4.66%, 03/15/50 (c),(d),(e) |
125,000 | 108,056 | ||||||||
Series 2020-4, Class XB, 2.76%, 12/15/52 (c),(d),(e),(f) |
1,000,000 | 99,991 | ||||||||
Series 2020-4, Class XA, 3.81%, 12/15/52 (c),(d),(e),(f) |
703,778 | 55,458 | ||||||||
Series 2021-1, Class XA, 2.89%, 04/15/53 (c),(d),(e),(f) |
685,492 | 39,098 | ||||||||
Series 2021-2, Class XA, 3.00%, 07/15/54 (c),(d),(e),(f) |
792,616 | 62,867 | ||||||||
Countrywide Asset-Backed Certificates Trust, Series 2005-BC4, Class M9, |
402,081 | 273,565 | ||||||||
Dryden 92 CLO Ltd., Series 2021-92A, Class E, 3 mo. TSFR + 6.76%, |
1,269,871 | 1,176,541 | ||||||||
Dryden 95 CLO Ltd., Series 2021-95A, Class E, 3 mo. TSFR + 6.41%, |
1,000,000 | 908,408 | ||||||||
Eaton Vance CLO Ltd., Series 2013-1A, Class C3R, 3 mo. TSFR + 3.66%, |
2,500,000 | 2,468,580 | ||||||||
Elmwood CLO 21 Ltd., Series 2022-8A, Class DR, 3 mo. TSFR + 4.00%, |
1,000,000 | 1,001,623 | ||||||||
Fort Washington CLO Ltd., Series 2021-2A, Class E, 3 mo. TSFR + 6.87%, |
1,500,000 | 1,421,009 | ||||||||
FS Rialto Issuer LLC, |
||||||||||
Series 2022-FL4, Class C, 1 mo. SOFR + 3.25%, 8.59%, 01/19/39 (c),(d),(e) |
1,000,000 | 975,655 | ||||||||
Series 2022-FL5, Class B, 1 mo. TSFR + 3.37%, 8.73%, 06/19/37 (c),(d),(e) |
155,000 | 152,461 | ||||||||
Series 2022-FL5, Class C, 1 mo. TSFR + 3.92%, 9.28%, 06/19/37 (c),(d),(e) |
1,000,000 | 982,545 | ||||||||
Galaxy 30 CLO Ltd., Series 2022-30A, Class E, 3 mo. TSFR + 6.95%, |
1,000,000 | 971,652 | ||||||||
Galaxy 31 CLO Ltd., |
||||||||||
Series 2023-31A, Class D, 3 mo. TSFR + 5.25%, 10.64%, 04/15/36 (c),(d),(e) |
1,500,000 | 1,501,447 | ||||||||
Series 2023-31A, Class E, 3 mo. TSFR + 8.43%, 13.82%, 04/15/36 (c),(d),(e) |
2,000,000 | 1,996,530 | ||||||||
Galaxy 32 CLO Ltd., Series 2023-32A, Class D, 3 mo. TSFR + 4.30%, |
1,000,000 | 1,001,003 | ||||||||
Galaxy XXII CLO Ltd., Series 2016-22A, Class ERR, 3 mo. TSFR + 6.76%, |
500,000 | 476,092 | ||||||||
Galaxy XXVII CLO Ltd., Series 2018-27A, Class E, 3 mo. TSFR + 6.04%, |
1,000,000 | 938,985 | ||||||||
GoldenTree Loan Management US CLO 8 Ltd., Series 2020-8A, Class ER, |
1,000,000 | 982,527 | ||||||||
Goldentree Loan Management US CLO Ltd., Series 2022-14A, Class D, |
1,500,000 | 1,494,606 | ||||||||
Goodleap Sustainable Home Solutions Trust, Series 2023-3C, Class B, 7.80%, 07/20/55 (c),(d) |
361,000 | 361,860 | ||||||||
Greywolf CLO II Ltd., Series 2013-1A, Class C1RR, 3 mo. TSFR + 3.61%, |
1,000,000 | 982,272 | ||||||||
GSAA Home Equity Trust, |
||||||||||
Series 2004-5, Class M2, 4.34%, 06/25/34 (c),(g) |
293,143 | 202,358 |
See Notes to Consolidated Schedule of Investments.
36
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Series 2006-6, Class AF3, 5.73%, 03/25/36 (c),(e) |
$ | 818,832 | $ | 258,820 | ||||||
Series 2006-8, Class 2A3B, 1 mo. TSFR + .67%, 6.03%, 05/25/36 (c),(e) |
1,527,000 | 324,811 | ||||||||
Gulf Stream Meridian 5 Ltd., Series 2021-5A, Class D, 3 mo. TSFR + 6.59%, |
1,500,000 | 1,406,609 | ||||||||
Halsey Point CLO I Ltd., Series 2019-1A, Class E, 3 mo. TSFR + 7.96%, |
1,000,000 | 977,847 | ||||||||
HalseyPoint CLO 4 Ltd., Series 2021-4A, Class E, 3 mo. TSFR + 6.97%, |
1,500,000 | 1,437,166 | ||||||||
Halseypoint CLO 5 Ltd., Series 2021-5A, Class E, 3 mo. TSFR + 7.20%, |
1,000,000 | 930,003 | ||||||||
Halseypoint CLO 7 Ltd., Series 2023-7A, Class D, 3 mo. TSFR + 5.84%, |
1,000,000 | 1,004,506 | ||||||||
HPS Loan Management Ltd., Series 2021-16A, Class E, 3 mo. TSFR + 6.76%, |
1,000,000 | 936,348 | ||||||||
Jamestown CLO XIV Ltd., Series 2019-14A, Class DR, 3 mo. TSFR + 7.46%, |
1,500,000 | 1,419,896 | ||||||||
Jamestown CLO XVI Ltd., Series 2021-16A, Class D, 3 mo. TSFR + 3.91%, |
1,000,000 | 971,769 | ||||||||
KREF Ltd., Series 2021-FL2, Class AS, 1 mo. TSFR + 1.41%, 6.78%, 02/15/39 (c),(d),(e) |
1,000,000 | 951,042 | ||||||||
Long Beach Mortgage Loan Trust, Series 2006-10, Class 2A3, 1 mo. TSFR + .43%, |
2,901,882 | 903,083 | ||||||||
Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-H1, Class 2A2, |
706,532 | 430,117 | ||||||||
Merrill Lynch Mortgage Investors Trust, |
||||||||||
Series 2006-RM5, Class A2B, 1 mo. TSFR + .35%, 5.71%, 10/25/37 (c),(e) |
1,501,322 | 219,232 | ||||||||
Series 2006-RM5, Class A2C, 1 mo. TSFR + .47%, 5.83%, 10/25/37 (c),(e) |
2,186,932 | 373,764 | ||||||||
MF1 LLC, |
||||||||||
Series 2022-FL9, Class B, 1 mo. TSFR + 3.15%, 8.51%, 06/19/37 (c),(d),(e) |
1,213,000 | 1,200,045 | ||||||||
Series 2022-FL9, Class C, 1 mo. TSFR + 3.70%, 9.06%, 06/19/37 (c),(d),(e) |
1,000,000 | 978,080 | ||||||||
MF1 Ltd., |
||||||||||
Series 2021-FL7, Class C, 1 mo. TSFR + 2.16%, 7.52%, 10/16/36 (c),(d),(e) |
310,000 | 291,986 | ||||||||
Series 2022-FL8, Class C, 1 mo. TSFR + 2.20%, 7.56%, 02/19/37 (c),(d),(e) |
847,000 | 812,708 | ||||||||
MF1 Multifamily Housing Mortgage Loan Trust, Series 2021-FL5, Class E, |
100,000 | 95,217 | ||||||||
MidOcean Credit CLO XII Ltd., Series 2023-12A, Class E, 3 mo. TSFR + 8.66%, 14.06%, 04/18/34 (c),(d),(e) |
1,000,000 | 996,421 | ||||||||
MidOcean Credit CLO XIII Ltd., Series 2023-13A, Class D, 3 mo. TSFR + 5.09%, 10.42%, 01/21/37 (c),(d),(e) |
1,000,000 | 999,350 | ||||||||
Neuberger Berman Loan Advisers CLO 31 Ltd., Series 2019-31A, Class ER, |
1,000,000 | 964,330 | ||||||||
Neuberger Berman Loan Advisers CLO 38 Ltd., Series 2020-38A, Class ER, |
1,000,000 | 979,361 | ||||||||
New Mountain CLO 2 Ltd., Series CLO-2A, Class E, 3 mo. TSFR + 6.62%, 12.02%, 04/15/34 (c),(d),(e) |
1,000,000 | 968,225 | ||||||||
OCP CLO Ltd., |
||||||||||
Series 2015-10A, Class CR2, 3 mo. TSFR + 2.31%, 7.69%, 01/26/34 (c),(d),(e) |
1,000,000 | 973,777 | ||||||||
Series 2015-10A, Class DR2, 3 mo. TSFR + 3.21%, 8.59%, 01/26/34 (c),(d),(e) |
1,000,000 | 966,161 | ||||||||
Series 2020-18A, Class ER, 3 mo. TSFR + 6.69%, 12.11%, 07/20/32 (c),(d),(e) |
1,000,000 | 949,961 | ||||||||
Series 2021-22A, Class E, 3 mo. TSFR + 6.86%, 12.28%, 12/02/34 (c),(d),(e) |
2,000,000 | 1,923,454 | ||||||||
Series 2022-25A, Class E1, 3 mo. TSFR + 6.15%, 11.57%, 07/20/35 (c),(d),(e) |
1,000,000 | 995,868 | ||||||||
Series 2023-28A, Class E, 3 mo. SOFR + 8.40%, 13.82%, 07/16/36 (c),(d),(e) |
1,000,000 | 997,815 | ||||||||
Octagon 60 Ltd., Series 2022-1A, Class D1, 3 mo. TSFR + 5.00%, |
1,000,000 | 997,199 |
See Notes to Consolidated Schedule of Investments.
37
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Octagon 62 Ltd., Series 2022-1A, Class E, 3 mo. TSFR + 7.75%, 13.17%, 01/20/36 (c),(d),(e) |
$ | 2,000,000 | $ | 1,993,120 | ||||||
OHA Credit Funding 10 Ltd., Series 2021-10A, Class E, 3 mo. TSFR + 6.51%, |
1,000,000 | 995,693 | ||||||||
Oportun Issuance Trust, Series 2021-B, Class C, 3.65%, 05/08/31 (c),(d) |
5,000,000 | 4,680,645 | ||||||||
Palmer Square CLO Ltd., |
||||||||||
Series 2022-3A, Class E, 3 mo. TSFR + 7.98%, 13.40%, 07/20/35 (c),(d),(e) |
1,750,000 | 1,746,146 | ||||||||
Series 2022-4A, Class D, 3 mo. TSFR + 5.34%, 10.76%, 10/20/35 (c),(d),(e) |
1,000,000 | 1,012,675 | ||||||||
Parallel Ltd., Series 2021-2A, Class D, 3 mo. TSFR + 7.46%, 12.88%, 10/20/34 (c),(d),(e) |
1,000,000 | 923,713 | ||||||||
Park Avenue Institutional Advisers CLO Ltd., Series 2022-1A, Class D, 3 mo. TSFR + 7.29%, 12.71%, 04/20/35 (c),(d),(e) |
1,000,000 | 924,979 | ||||||||
Peoples Choice Home Loan Securities Trust, Series 2005-2, Class M5, 1 mo. TSFR + 1.09%, 6.45%, 05/25/35 (c),(e) |
488,000 | 276,380 | ||||||||
Pikes Peak CLO 2, Series 2018-2A, Class D1R, 3 mo. TSFR + 3.51%, |
2,000,000 | 1,999,960 | ||||||||
Pikes Peak CLO 6, Series 2020-6A, Class ER2, 3 mo. TSFR + 6.69%, |
1,000,000 | 979,530 | ||||||||
Point Securitization Trust, Series 2021-1, Class A2, 5.56%, 02/25/52 (c),(d),(e) |
1,000,000 | 896,754 | ||||||||
Post CLO Ltd., Series 2021-1A, Class E, 3 mo. TSFR + 6.71%, 12.11%, 10/15/34 (c),(d),(e) |
1,000,000 | 963,737 | ||||||||
PPM CLO 2 Ltd., Series 2019-2A, Class E, 3 mo. TSFR + 6.81%, 12.21%, 04/16/32 (c),(d),(e) |
1,750,000 | 1,614,672 | ||||||||
PPM CLO 3 Ltd., Series 2019-3A, Class ER, 3 mo. TSFR + 6.87%, 12.27%, |
500,000 | 440,813 | ||||||||
Preston Ridge Partners Mortgage LLC, |
||||||||||
Class A2, 3.60%, 09/25/26 (c),(d),(e) |
129,000 | 113,930 | ||||||||
Class A2, 3.97%, 10/25/26 (c),(d),(e) |
244,000 | 214,568 | ||||||||
Series 2021-6, Class A2, 3.47%, 07/25/26 (c),(d),(g) |
100,000 | 87,236 | ||||||||
Series 2021-7, Class A2, 3.67%, 08/25/26 (c),(d),(g) |
207,000 | 186,046 | ||||||||
PRET LLC, Series 2021-NPL3, Class A2, 3.72%, 07/25/51 (c),(d),(g) |
101,000 | 89,498 | ||||||||
Progress Residential Trust, |
||||||||||
Series 2022-SFR2, Class E1, 4.55%, 04/17/27 (c),(d) |
100,000 | 93,563 | ||||||||
Series 2022-SFR4, Class E1, 6.12%, 05/17/41 (c),(d) |
100,000 | 96,161 | ||||||||
Rad CLO 2 Ltd., Series 2018-2A, Class ER, 3 mo. TSFR + 6.26%, 11.66%, |
416,667 | 390,386 | ||||||||
Rad CLO 3 Ltd., Series 2019-3A, Class ER, 3 mo. TSFR + 6.76%, 12.16%, |
1,000,000 | 947,153 | ||||||||
Rad CLO 7 Ltd., Series 2020-7A, Class E, 3 mo. TSFR + 6.76%, 12.16%, 04/17/33 (c),(d),(e) |
1,000,000 | 988,118 | ||||||||
Rad CLO Ltd., Series 2023-18A, Class E, 3 mo. TSFR + 8.48%, 13.87%, 04/15/36 (c),(d),(e) |
1,000,000 | 997,787 | ||||||||
RAMP Trust, Series 2005-RS4, Class M7, 1 mo. TSFR + 1.39%, 7.39%, 04/25/35 (c),(e) |
2,253,000 | 1,785,865 | ||||||||
RASC Trust, Series 2006-KS1, Class M4, 1 mo. TSFR + .64%, 6.27%, 02/25/36 (c),(e) |
322,987 | 227,775 | ||||||||
Ready Capital Mortgage Financing LLC, |
||||||||||
Series 2021-FL7, Class D, 1 mo. TSFR + 3.06%, 8.42%, 11/25/36 (c),(d),(e) |
100,000 | 91,331 | ||||||||
Series 2022-FL9, Class B, 1 mo. TSFR + 3.61%, 8.97%, 06/25/37 (c),(d),(e) |
290,000 | 286,074 | ||||||||
Series 2022-FL9, Class C, 1 mo. TSFR + 4.31%, 9.66%, 06/25/37 (c),(d),(e) |
1,303,000 | 1,282,063 | ||||||||
Rockford Tower CLO Ltd., Series 2020-1A, Class E, 3 mo. TSFR + 7.16%, |
1,500,000 | 1,436,899 | ||||||||
Romark CLO II Ltd., Series 2018-2A, Class D, 3 mo. TSFR + 6.51%, |
2,250,000 | 1,985,132 | ||||||||
Romark CLO IV Ltd., |
||||||||||
Series 2021-4A, Class C1, 3 mo. TSFR + 3.46%, 8.87%, 07/10/34 (c),(d),(e) |
1,000,000 | 950,262 | ||||||||
Series 2021-4A, Class D, 3 mo. TSFR + 7.21%, 12.62%, 07/10/34 (c),(d),(e) |
500,000 | 468,915 | ||||||||
RR 2 Ltd., Series 2017-2A, Class DR, 3 mo. TSFR + 6.06%, 11.46%, 04/15/36 (c),(d),(e) |
1,000,000 | 944,002 | ||||||||
RR15 Ltd., Series 2021-15A, Class C, 3 mo. TSFR + 3.16%, 8.56%, 04/15/36 (c),(d),(e) |
1,000,000 | 952,310 | ||||||||
Saluda Grade Alternative Mortgage Trust, Series 2023-FIG4, Class C, 8.01%, |
1,118,000 | 1,124,490 | ||||||||
Shackleton CLO Ltd., Series 2019-14A, Class ER, 3 mo. TSFR + 7.58%, |
500,000 | 475,641 |
See Notes to Consolidated Schedule of Investments.
38
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||||
Signal Peak CLO 7 Ltd., Series 2019-1A, Class D, 3 mo. TSFR + 4.11%, |
$ | 1,500,000 | $ | 1,483,833 | ||||||||
Sound Point CLO XXIII Ltd., Series 2019-2A, Class ER, 3 mo. TSFR + 6.73%, |
2,400,000 | 1,914,845 | ||||||||||
STAR Trust, Series 2022-SFR3, Class E2, 1 mo. TSFR + 3.70%, |
1,000,000 | 978,132 | ||||||||||
Symphony CLO 34-PS Ltd., Series 2022-34A, Class DR, 3 mo. TSFR + 5.25%, 10.65%, 07/24/36 (c),(d),(e) |
1,000,000 | 997,043 | ||||||||||
Symphony CLO Ltd., Series 2023-38A, Class D, 3 mo. TSFR + 5.20%, 10.60%, 04/24/36 (c),(d),(e) |
1,000,000 | 998,196 | ||||||||||
Symphony CLO XXIII Ltd., Series 2020-23A, Class DR, 3 mo. TSFR + 3.41%, 8.81%, 01/15/34 (c),(d),(e) |
1,000,000 | 994,976 | ||||||||||
TCI-Flatiron CLO Ltd., Series 2017-1A, Class E, 3 mo. TSFR + 6.61%, 11.98%, 11/18/30 (c),(d),(e) |
750,000 | 745,337 | ||||||||||
TCW CLO Ltd., |
||||||||||||
Series 2017-1A, Class CRR, 3 mo. TSFR + 2.56%, 7.95%, 10/29/34 (c),(d),(e) |
1,000,000 | 971,831 | ||||||||||
Series 2019-13A, Class ER, 3 mo. TSFR + 6.46%, 11.86%, 04/15/34 (c),(d),(e) |
1,250,000 | 1,234,370 | ||||||||||
Towd Point Mortgage Trust, Series 2023-CES2, Class M1, 8.08%, |
3,644,000 | 3,680,462 | ||||||||||
Trestles CLO IV Ltd., Series 2021-4A, Class E, 3 mo. TSFR + 6.51%, |
1,000,000 | 958,100 | ||||||||||
Trestles CLO V Ltd., Series 2021-5A, Class E, 3 mo. TSFR + 6.61%, |
1,500,000 | 1,419,782 | ||||||||||
Trestles CLO VI Ltd., Series 2023-6A, Class D, 3 mo. TSFR + 5.00%, |
2,000,000 | 2,001,362 | ||||||||||
Trinitas CLO VI Ltd., Series 2017-6A, Class ER, 3 mo. TSFR + 7.08%, |
1,000,000 | 893,180 | ||||||||||
TRTX Issuer Ltd., Series 2022-FL5, Class AS, 1 mo. SOFR + 2.15%, |
1,000,000 | 952,059 | ||||||||||
Vericrest Opportunity Loan Transferee, Class A2, 4.21%, 08/25/51 (c),(d),(g) |
100,000 | 77,080 | ||||||||||
Vibrant CLO XII Ltd., |
||||||||||||
Series 2021-12A, Class C, 3 mo. TSFR + 3.91%, 9.33%, 01/20/34 (c),(d),(e) |
1,000,000 | 972,095 | ||||||||||
Series 2021-12A, Class D, 3 mo. TSFR + 7.37%, 12.79%, 01/20/34 (c),(d),(e) |
2,000,000 | 1,873,012 | ||||||||||
Vibrant CLO XIII Ltd., Series 2021-13A, Class D, 3 mo. TSFR + 7.32%, |
1,500,000 | 1,404,218 | ||||||||||
Vibrant CLO XVI Ltd., Series 2023-16A, Class C, 3 mo. TSFR + 5.84%, |
1,000,000 | 1,001,655 | ||||||||||
VOLT CIII LLC, Class A2, 3.97%, 08/25/51 (c),(d),(g) |
124,000 | 103,997 | ||||||||||
Voya CLO Ltd., |
||||||||||||
Series 2018-3A, Class E, 3 mo. TSFR + 6.01%, 11.41%, 10/15/31 (c),(d),(e) |
1,500,000 | 1,337,060 | ||||||||||
Series 2020-3A, Class DR, 3 mo. TSFR + 3.51%, 8.93%, 10/20/34 (c),(d),(e) |
1,100,000 | 1,073,937 | ||||||||||
Series 2021-1A, Class E, 3 mo. TSFR + 6.61%, 12.01%, 07/15/34 (c),(d),(e) |
1,000,000 | 958,596 | ||||||||||
Wells Fargo Home Equity Asset-Backed Securities Trust, Series 2006-1, Class M6, |
3,035,610 | 2,810,522 | ||||||||||
|
|
|||||||||||
Total North America |
199,892,963 | |||||||||||
|
|
|||||||||||
TOTAL ASSET-BACKED SECURITIES |
215,468,020 | |||||||||||
|
|
|||||||||||
BANK DEBT 3.8% |
||||||||||||
Europe 0.4% |
||||||||||||
Entertainment 0.1% |
||||||||||||
McLaren Racing Ltd., GBP Term Loan, 0.00%, 12/31/35 (b),(c),(e) |
2,408,912 | GBP | 3,083,631 | |||||||||
|
|
|||||||||||
Investment Company Security 0.2% |
||||||||||||
Infinity Bidco U.S. LLC, |
||||||||||||
2021 Incremental Fixed Term Loan, 9.50%, 04/01/28 (b),(c),(e) |
$ | 2,544,783 | 2,544,783 |
See Notes to Consolidated Schedule of Investments.
39
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||||
Fixed Term Loan, 13.50%, 12/23/24 (b),(c),(e) |
$ | 5,996,370 | $ | 5,996,370 | ||||||||
|
|
|||||||||||
8,541,153 | ||||||||||||
|
|
|||||||||||
Software 0.1% |
||||||||||||
Cuppa Bidco BV, |
||||||||||||
EUR Term Loan B1, 8.64%, 06/29/29 (c),(e) |
2,854,029 | EUR | 2,849,434 | |||||||||
GBP Term Loan B2, 10.67%, 07/30/29 (c),(e) |
2,600,970 | GBP | 2,995,398 | |||||||||
|
|
|||||||||||
5,844,832 | ||||||||||||
|
|
|||||||||||
Total Europe |
17,469,616 | |||||||||||
|
|
|||||||||||
North America 3.2% |
||||||||||||
Apparel 0.0% |
||||||||||||
Mad Engine Global LLC, Term Loan, 12.61%, 07/15/27 (c),(e) |
$ | 0 | | |||||||||
|
|
|||||||||||
Auto Parts & Equipment 0.0% |
||||||||||||
First Brands Group LLC, 2022 Incremental Term Loan, 10.88%, 03/30/27 (b),(c),(e) |
1,475,748 | 1,461,920 | ||||||||||
|
|
|||||||||||
Beverages 0.0% |
||||||||||||
City Brewing Co. LLC, Term Loan, 9.16%, 04/05/28 (c),(e) |
60,387 | 47,353 | ||||||||||
|
|
|||||||||||
Commercial Services 0.0% |
||||||||||||
CoreLogic, Inc., Term Loan, 8.97%, 06/02/28 (c),(e) |
134,246 | 130,304 | ||||||||||
PECF USS Intermediate Holding III Corp., Term Loan B, 9.89%, 12/15/28 (c),(e) |
1,205,739 | 934,194 | ||||||||||
|
|
|||||||||||
1,064,498 | ||||||||||||
|
|
|||||||||||
Computers 0.0% |
||||||||||||
Atlas CC Acquisition Corp., |
||||||||||||
Term Loan B, 9.90%, 05/25/28 (c),(e) |
1,282,088 | 1,190,162 | ||||||||||
Term Loan C, 9.90%, 05/25/28 (c),(e) |
260,719 | 242,025 | ||||||||||
|
|
|||||||||||
1,432,187 | ||||||||||||
|
|
|||||||||||
Cosmetics/Personal Care 0.2% |
||||||||||||
Revlon Intermediate Holdings IV LLC, 2023 Exit Term Loan, |
9,357,330 | 9,333,936 | ||||||||||
|
|
|||||||||||
Diversified Financial Services 0.1% |
||||||||||||
Astra Acquisition Corp., 2021 1st Lien Term Loan, 10.86%, 10/25/28 (c),(e) |
131,376 | 84,300 | ||||||||||
Curo Group Holdings Corp., Term Loan, 6.00%, 08/02/27 (c),(e) |
3,835,076 | 3,355,691 | ||||||||||
|
|
|||||||||||
3,439,991 | ||||||||||||
|
|
|||||||||||
Engineering & Construction 0.3% |
||||||||||||
Qualtek Buyer LLC, |
||||||||||||
2023 PIK Second Lien Term Loan, 0.00%, 01/14/27 (c),(e) |
5,824,243 | 4,106,091 | ||||||||||
2023 PIK Term Loan, 0.00%, 07/14/25 (c),(e) |
7,029,743 | 6,783,702 | ||||||||||
|
|
|||||||||||
10,889,793 | ||||||||||||
|
|
|||||||||||
Entertainment 0.1% |
||||||||||||
Bulldog Purchaser, Inc., 2018 Term Loan, 9.24%, 09/05/25 (c),(e) |
4,263,400 | 4,128,378 | ||||||||||
|
|
|||||||||||
Environmental Control 0.1% |
||||||||||||
Gopher Resource LLC, 1st Lien Term Loan, 8.72%, 03/06/25 (c),(e) |
1,894,668 | 1,609,938 | ||||||||||
|
|
|||||||||||
Food 0.2% |
||||||||||||
Alphia, Inc., Term Loan B, 10.35%, 10/02/30 (c),(e) |
3,077,545 | 2,866,733 | ||||||||||
H Food Holdings LLC, |
||||||||||||
2018 Incremental Term Loan B2, 4.00%, 05/23/25 (c),(e),(i) |
599,492 | 479,378 | ||||||||||
2018 Term Loan B, 9.27%, 05/23/25 (c),(e) |
6,833,557 | 5,441,220 | ||||||||||
|
|
|||||||||||
8,787,331 | ||||||||||||
|
|
|||||||||||
Healthcare-Products 0.1% |
||||||||||||
Arthur U.S. Finco, Inc., Term Loan B, 10.62%, 12/14/29 (b),(c),(e) |
2,830,997 | 2,590,363 |
See Notes to Consolidated Schedule of Investments.
40
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Bausch & Lomb Corp., Term Loan, 3.25%, 05/10/27 (c),(e),(i) |
$ | 429,884 | $ | 424,244 | ||||||
|
|
|||||||||
3,014,607 | ||||||||||
|
|
|||||||||
Healthcare-Services 0.2% |
||||||||||
MED ParentCo LP, 1st Lien Term Loan, 9.72%, 08/31/26 (c),(e) |
2,046,739 | 2,023,468 | ||||||||
Team Health Holdings, Inc., 2022 Term Loan B, 10.63%, 03/02/27 (c),(e) |
1,518,458 | 1,149,473 | ||||||||
U.S. Renal Care, Inc., 2023 Superpriority Term Loan, 10.47%, 06/20/28 (c),(e) |
2,093,389 | 1,571,088 | ||||||||
Womens Care Enterprises LLC, |
||||||||||
2nd Lien Term Loan, 13.80%, 01/12/29 (c),(e) |
2,500,059 | 1,866,719 | ||||||||
Term Loan, 4.50%, 01/15/28 (c),(e),(i) |
333,816 | 283,327 | ||||||||
|
|
|||||||||
6,894,075 | ||||||||||
|
|
|||||||||
Home Furnishings 0.1% |
||||||||||
Stitch Aquisition Corp., Term Loan B, 12.36%, 07/28/28 (c),(e) |
1,534,695 | 813,389 | ||||||||
Weber-Stephen Products LLC, |
||||||||||
2022 Incremental Term Loan B, 9.71%, 10/30/27 (c),(e) |
1,159,207 | 1,009,240 | ||||||||
Term Loan B, 8.72%, 10/30/27 (c),(e) |
1,144,131 | 996,618 | ||||||||
|
|
|||||||||
2,819,247 | ||||||||||
|
|
|||||||||
Household Products/Wares 0.0% |
||||||||||
WOOF Holdings, Inc., 1st Lien Term Loan, 9.36%, 12/21/27 (c),(e) |
128,352 | 103,460 | ||||||||
|
|
|||||||||
Housewares 0.1% |
||||||||||
Springs Windows Fashions LLC, 2021 Term Loan B, 9.47%, 10/06/28 (c),(e) |
5,619,316 | 5,025,804 | ||||||||
|
|
|||||||||
Insurance 0.2% |
||||||||||
Asurion LLC, |
||||||||||
2020 Term Loan B8, 8.71%, 12/23/26 (c),(e) |
2,015,900 | 2,009,187 | ||||||||
2021 Second Lien Term Loan B4, 10.72%, 01/20/29 (c),(e) |
3,633,350 | 3,416,475 | ||||||||
2023 Term Loan B11, 9.71%, 08/19/28 (c),(e) |
781,897 | 778,129 | ||||||||
|
|
|||||||||
6,203,791 | ||||||||||
|
|
|||||||||
Investment Company Security 0.4% |
||||||||||
Clear Channel Outdoor Holdings, Inc., Term Loan B, 9.14%, 08/21/26 (c),(e) |
302,167 | 298,641 | ||||||||
HB Acquisitions LLC, 2022 AUD Term Loan, 10.61%, 02/15/25 (b),(c),(e) |
21,079,817 | AUD | 14,077,544 | |||||||
New Millennium HoldCo, Inc., 2020 Term Loan, 10.88%, 05/14/25 (b),(c),(e) |
$ | 1,504,042 | 1,500,282 | |||||||
|
|
|||||||||
15,876,467 | ||||||||||
|
|
|||||||||
Leisure Time 0.0% |
||||||||||
Hornblower Sub LLC, |
||||||||||
2020 Super Priority Term Loan, 15.63%, 11/10/25 (c),(e) |
503,205 | 501,006 | ||||||||
2021 Incremental Term Loan, 15.63%, 11/10/25 (c),(e) |
608,482 | 605,823 | ||||||||
|
|
|||||||||
1,106,829 | ||||||||||
|
|
|||||||||
Machinery-Diversified 0.4% |
||||||||||
Arcline FM Holdings LLC, 2021 2nd Lien Term Loan, 13.61%, 06/23/29 (b),(c),(e) |
4,416,711 | 4,206,917 | ||||||||
Engineered Machinery Holdings, Inc., |
||||||||||
2021 USD 2nd Lien Incremental Term Loan, 12.11%, 05/21/29 (b),(c),(e) |
1,122,432 | 1,052,280 | ||||||||
2021 USD 2nd Lien Term Loan, 11.61%, 05/21/29 (b),(c),(e) |
11,545,028 | 10,794,602 | ||||||||
Titan Acquisition Ltd., 2018 Term Loan B, 8.47%, 03/28/25 (c),(e) |
318,441 | 317,778 | ||||||||
|
|
|||||||||
16,371,577 | ||||||||||
|
|
|||||||||
Media 0.2% |
||||||||||
A-L Parent LLC, 2023 Take Back Term Loan, 10.86%, 06/30/28 (b),(c),(e) |
6,915,365 | 6,656,039 | ||||||||
|
|
|||||||||
Miscellaneous Manufactur 0.1% |
||||||||||
TCG AcquisitionCo BV, 2023 EUR Term Loan B, 8.28%, 09/14/28 (b),(c),(e) |
3,646,477 | EUR | 3,951,298 | |||||||
|
|
See Notes to Consolidated Schedule of Investments.
41
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||||
Office/Business Equip 0.0% |
||||||||||||
Xerox Holdings Corp., 2023 Term Loan B, 9.36%, 11/17/29 (b),(c),(e) |
$ | 1,289,051 | $ | 1,287,440 | ||||||||
|
|
|||||||||||
Oil & Gas 0.1% |
||||||||||||
Gulf Finance LLC, 2021 Term Loan, 12.63%, 08/25/26 (c),(e) |
3,745,472 | 3,741,727 | ||||||||||
|
|
|||||||||||
Packaging & Containers 0.0% |
||||||||||||
LABL, Inc., 2021 USD 1st Lien Term Loan, 5.00%, 10/29/28 (c),(e),(i) |
963,334 | 921,843 | ||||||||||
|
|
|||||||||||
Retail 0.1% |
||||||||||||
Michaels Cos., Inc., 2021 Term Loan B, 9.86%, 04/15/28 (c),(e) |
1,933,635 | 1,599,116 | ||||||||||
|
|
|||||||||||
Software 0.2% |
||||||||||||
Castle U.S. Holding Corp., |
||||||||||||
EUR Term Loan, 7.71%, 01/29/27 (c),(e) |
505,077 | EUR | 390,306 | |||||||||
USD Term Loan B, 9.40%, 01/29/27 (c),(e) |
$ | 3,564,751 | 2,499,140 | |||||||||
CentralSquare Technologies, LLC, 2018 1st Lien Term Loan, |
401,730 | 386,665 | ||||||||||
Cloud Software Group, Inc., 2022 USD Term Loan A, 9.95%, 09/29/28 (c),(e) |
2,579,523 | 2,509,798 | ||||||||||
Constant Contact, Inc., Second Lien Term Loan, 13.41%, 02/12/29 (b),(c),(e) |
3,982,483 | 3,385,111 | ||||||||||
MedAssets Software Intermediate Holdings, Inc., 2021 Term Loan, |
59,044 | 46,822 | ||||||||||
|
|
|||||||||||
9,217,842 | ||||||||||||
|
|
|||||||||||
Total North America |
126,986,487 | |||||||||||
|
|
|||||||||||
Oceania 0.1% |
||||||||||||
Lodging 0.1% |
||||||||||||
Journey Beyond, AUD Term Loan, 10.11%, 02/15/25 (b),(c),(e) |
5,791,945 | AUD | 3,946,920 | |||||||||
|
|
|||||||||||
Total Oceania |
3,946,920 | |||||||||||
|
|
|||||||||||
South America 0.1% |
||||||||||||
Food Service 0.1% |
||||||||||||
TKC Holdings, Inc., |
||||||||||||
2021 Term Loan, 10.97%, 05/15/28 (c),(e) |
$ | 341,835 | 324,477 | |||||||||
2022 PIK Toggle Holdco Term Loan, 0.00%, 02/15/27 (b),(c),(e) |
4,089,751 | 1,942,632 | ||||||||||
|
|
|||||||||||
2,267,109 | ||||||||||||
|
|
|||||||||||
Media 0.0% |
||||||||||||
LBI Media, Inc., Exit Term Loan, 13.05%, 10/15/24 (b),(c),(e) |
325,190 | 101,134 | ||||||||||
|
|
|||||||||||
Total South America |
2,368,243 | |||||||||||
|
|
|||||||||||
TOTAL BANK DEBT |
150,771,266 | |||||||||||
|
|
|||||||||||
CORPORATE BONDS & NOTES 10.7% |
||||||||||||
Africa 0.2% |
||||||||||||
Chemicals 0.1% |
||||||||||||
Sasol Financing USA LLC, 4.38%, 09/18/26 (c) |
3,856,000 | 3,581,261 | ||||||||||
|
|
|||||||||||
Electric 0.1% |
||||||||||||
Eskom Holdings Soc Ltd., 7.13%, 02/11/25 (c),(j) |
2,309,000 | 2,308,137 | ||||||||||
|
|
|||||||||||
Total Africa |
5,889,398 | |||||||||||
|
|
|||||||||||
Asia 1.3% |
||||||||||||
Electric 0.3% |
||||||||||||
LLPL Capital Pte. Ltd., 6.88%, 02/04/39 (c),(j) |
1,939,086 | 1,868,804 | ||||||||||
Minejesa Capital BV, |
||||||||||||
4.63%, 08/10/30 (c),(j) |
4,670,000 | 4,430,662 | ||||||||||
5.63%, 08/10/37 (c),(j) |
1,672,000 | 1,463,000 | ||||||||||
Perusahaan Perseroan Persero PT Perusahaan Listrik Negara, |
||||||||||||
3.88%, 07/17/29 (c),(j) |
728,000 | 687,509 |
See Notes to Consolidated Schedule of Investments.
42
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||||
6.25%, 01/25/49 (c),(j) |
$ | 512,000 | $ | 533,120 | ||||||||
MTN, 5.25%, 05/15/47 (c),(j) |
3,345,000 | 3,126,672 | ||||||||||
|
|
|||||||||||
12,109,767 | ||||||||||||
|
|
|||||||||||
Energy-Alternate Sources 0.1% |
||||||||||||
Greenko Wind Projects Mauritius Ltd, 5.50%, 04/06/25 (c),(j) |
2,407,000 | 2,348,029 | ||||||||||
SK Battery America, Inc., 2.13%, 01/26/26 (c),(j) |
2,374,000 | 2,192,294 | ||||||||||
|
|
|||||||||||
4,540,323 | ||||||||||||
|
|
|||||||||||
Internet 0.3% |
||||||||||||
Prosus NV, |
||||||||||||
1.99%, 07/13/33 (c),(j) |
1,010,000 | EUR | 821,176 | |||||||||
2.09%, 01/19/30 (c),(j) |
1,192,000 | EUR | 1,097,625 | |||||||||
3.26%, 01/19/27 (c),(j) |
$ | 4,212,000 | 3,891,147 | |||||||||
4.19%, 01/19/32 (j) |
6,000,000 | 5,175,410 | ||||||||||
|
|
|||||||||||
10,985,358 | ||||||||||||
|
|
|||||||||||
Investment Company Security 0.1% |
||||||||||||
Huarong Finance 2017 Co., Ltd., MTN, 4.25%, 11/07/27 (c),(j) |
4,090,000 | 3,723,781 | ||||||||||
Huarong Finance 2019 Co,. Ltd., 3.63%, 09/30/30 (c),(j) |
291,000 | 240,215 | ||||||||||
Huarong Finance 2019 Co., Ltd., MTN, 4.25%, 09/30/25 (c),(e),(j),(k) |
207,000 | 192,146 | ||||||||||
|
|
|||||||||||
4,156,142 | ||||||||||||
|
|
|||||||||||
Mining 0.4% |
||||||||||||
Freeport Indonesia PT, |
||||||||||||
MTN, 4.76%, 04/14/27 (c),(j) |
2,926,000 | 2,874,795 | ||||||||||
MTN, 5.32%, 04/14/32 (c),(j) |
9,997,000 | 9,802,858 | ||||||||||
Indonesia Asahan Aluminium PT, 5.45%, 05/15/30 (j) |
1,000,000 | 1,008,750 | ||||||||||
|
|
|||||||||||
13,686,403 | ||||||||||||
|
|
|||||||||||
Multi-National 0.1% |
||||||||||||
Viet Nam Debt & Asset Trading Corp., 1.00%, 10/10/25 (c),(j) |
3,750,000 | 3,281,211 | ||||||||||
|
|
|||||||||||
Oil & Gas 0.0% |
||||||||||||
Thaioil Treasury Center Co., Ltd., |
||||||||||||
MTN, 3.50%, 10/17/49 (c),(j) |
474,000 | 318,821 | ||||||||||
MTN, 3.75%, 06/18/50 (c),(j) |
1,563,000 | 1,100,483 | ||||||||||
|
|
|||||||||||
1,419,304 | ||||||||||||
|
|
|||||||||||
Real Estate 0.0% |
||||||||||||
Scenery Journey Ltd., |
||||||||||||
13.00%, (c),(l) |
800,000 | 8,776 | ||||||||||
GBP Term Loan B2, 11.50%, 10/24/22 (c),(j),(l) |
3,901,000 | 40,960 | ||||||||||
GBP Term Loan B2, 12.00%, 10/24/23 (c),(j),(l) |
400,000 | 4,380 | ||||||||||
|
|
|||||||||||
54,116 | ||||||||||||
|
|
|||||||||||
Total Asia |
50,232,624 | |||||||||||
|
|
|||||||||||
Europe 1.4% |
||||||||||||
Agriculture 0.2% |
||||||||||||
MHP Lux SA, |
||||||||||||
6.25%, 09/19/29 (c),(d) |
689,000 | 455,319 | ||||||||||
GBP Term Loan B2, 6.25%, 09/19/29 (c),(j) |
3,232,000 | 2,135,835 | ||||||||||
GBP Term Loan B2, 6.95%, 04/03/26 (c),(j) |
3,057,000 | 2,349,304 | ||||||||||
MHP SE, |
||||||||||||
7.75%, 05/10/24 (c),(d) |
400,000 | 377,160 |
See Notes to Consolidated Schedule of Investments.
43
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||||
GBP Term Loan B2, 7.75%, 05/10/24 (c),(j) |
$ | 2,813,000 | $ | 2,652,378 | ||||||||
|
|
|||||||||||
7,969,996 | ||||||||||||
|
|
|||||||||||
Auto Manufacturers 0.3% |
||||||||||||
Aston Martin Capital Holdings Ltd., 10.50%, 11/30/25 (c),(d) |
9,716,000 | 9,810,002 | ||||||||||
Mclaren Finance PLC, 7.50%, 08/01/26 (c),(d) |
2,523,000 | 2,163,629 | ||||||||||
|
|
|||||||||||
11,973,631 | ||||||||||||
|
|
|||||||||||
Entertainment 0.0% |
||||||||||||
CPUK Finance Ltd., 6.50%, 08/28/26 (c),(j) |
1,147,000 | GBP | 1,410,771 | |||||||||
|
|
|||||||||||
Food 0.2% |
||||||||||||
Bellis Acquisition Co. PLC, GBP Term Loan B2, 3.25%, 02/16/26 (c),(j) |
5,563,000 | GBP | 6,565,529 | |||||||||
Forno dAsolo SpA, GBP Term Loan B2, 9.43%, 04/30/27 (c),(d),(e) |
3,404,000 | EUR | 3,391,456 | |||||||||
|
|
|||||||||||
9,956,985 | ||||||||||||
|
|
|||||||||||
Healthcare-Services 0.1% |
||||||||||||
Kedrion SpA, 6.50%, 09/01/29 (c),(d) |
$ | 3,871,000 | 3,522,610 | |||||||||
|
|
|||||||||||
Internet 0.0% |
||||||||||||
Prosus NV, 4.85%, 07/06/27 (c),(j) |
291,000 | 280,396 | ||||||||||
|
|
|||||||||||
Real Estate 0.1% |
||||||||||||
Blackstone Property Partners Europe Holdings S.a.r.l., |
||||||||||||
3.63%, 10/29/29 (c),(j) |
1,111,000 | EUR | 1,123,917 | |||||||||
4.88%, 04/29/32 (c),(j) |
1,120,000 | GBP | 1,263,854 | |||||||||
VGP NV, |
||||||||||||
1.50%, 04/08/29 (c),(j) |
600,000 | EUR | 513,491 | |||||||||
1.63%, 01/17/27 (c),(j) |
700,000 | EUR | 676,364 | |||||||||
2.25%, 01/17/30 (c),(j) |
900,000 | EUR | 779,905 | |||||||||
|
|
|||||||||||
4,357,531 | ||||||||||||
|
|
|||||||||||
Retail 0.4% |
||||||||||||
Stonegate Pub Co. Financing 2019 PLC, |
||||||||||||
8.25%, 07/31/25 (c),(j) |
11,373,000 | GBP | 14,134,180 | |||||||||
GBP Term Loan B2, 8.25%, 07/31/25 (c),(d) |
215,000 | GBP | 267,198 | |||||||||
|
|
|||||||||||
14,401,378 | ||||||||||||
|
|
|||||||||||
Sovereign 0.1% |
||||||||||||
Magyar Export-Import Bank Zrt, 6.13%, 12/04/27 (c),(j),(m) |
$ | 2,750,000 | 2,795,842 | |||||||||
|
|
|||||||||||
Total Europe |
56,669,140 | |||||||||||
|
|
|||||||||||
Middle East 0.9% |
||||||||||||
Commercial Banks 0.3% |
||||||||||||
Israel Discount Bank Ltd., 5.38%, 01/26/28 (c),(j) |
3,102,000 | 3,003,071 | ||||||||||
QNB Finansbank AS, |
||||||||||||
6.88%, 09/07/24 (c),(j) |
4,799,000 | 4,818,196 | ||||||||||
10.75%, 11/15/33 (c),(e),(j) |
2,681,000 | 2,882,075 | ||||||||||
|
|
|||||||||||
10,703,342 | ||||||||||||
|
|
|||||||||||
Electric 0.2% |
||||||||||||
Israel Electric Corp. Ltd., 5.00%, 11/12/24 (c) |
7,629,000 | 7,512,379 | ||||||||||
|
|
|||||||||||
Investment Company Security 0.4% |
||||||||||||
Gaci First Investment Co., |
||||||||||||
5.13%, 02/14/53 (c),(j),(m) |
8,082,000 | 7,312,367 | ||||||||||
5.38%, 10/13/22 (c),(j) |
8,459,000 | 7,555,139 | ||||||||||
|
|
|||||||||||
14,867,506 | ||||||||||||
|
|
See Notes to Consolidated Schedule of Investments.
44
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||||
Transportation 0.0% |
||||||||||||
Mersin Uluslararasi Liman Isletmeciligi AS, 8.25%, 11/15/28 (c),(j) |
$ | 1,455,000 | $ | 1,515,062 | ||||||||
|
|
|||||||||||
Total Middle East |
34,598,289 | |||||||||||
|
|
|||||||||||
North America 5.9% |
||||||||||||
Advertising 0.1% |
||||||||||||
Clear Channel Outdoor Holdings, Inc., |
||||||||||||
7.50%, 06/01/29 (c),(d) |
3,492,000 | 2,903,494 | ||||||||||
7.75%, 04/15/28 (c),(d) |
1,155,000 | 995,846 | ||||||||||
9.00%, 09/15/28 (c),(d) |
1,903,000 | 1,985,714 | ||||||||||
|
|
|||||||||||
5,885,054 | ||||||||||||
|
|
|||||||||||
Auto Manufacturers 0.1% |
||||||||||||
Nissan Motor Acceptance Co LLC, 7.05%, 09/15/28 (c),(j) |
498,000 | 525,404 | ||||||||||
Nissan Motor Acceptance Co. LLC, 7.05%, 09/15/28 (c),(d) |
224,000 | 236,327 | ||||||||||
Rivian Holdings LLC, 11.49%, 10/15/26 (c),(d),(e) |
2,031,000 | 2,024,918 | ||||||||||
|
|
|||||||||||
2,786,649 | ||||||||||||
|
|
|||||||||||
Chemicals 0.1% |
||||||||||||
WR Grace Holdings LLC, 5.63%, 08/15/29 (c),(d) |
3,753,000 | 3,302,478 | ||||||||||
|
|
|||||||||||
Distribution/Wholesale 0.0% |
||||||||||||
Verde Purchaser LLC, 10.50%, 11/30/30 (c),(d) |
897,000 | 903,862 | ||||||||||
|
|
|||||||||||
Diversified Financial Services 0.4% |
||||||||||||
Charles Schwab Corp. (The), Series I, 4.00%, 06/01/26 (c),(e),(k) |
6,767,000 | 5,964,970 | ||||||||||
Curo Group Holdings Corp., 7.50%, 08/01/28 (c),(d) |
14,015,000 | 4,695,025 | ||||||||||
MF Global Holdings Ltd., 6.75%, 08/08/16 (b),(c),(l) |
436,000 | 113,360 | ||||||||||
PHH Mortgage Corp., 7.88%, 03/15/26 (c),(d) |
4,863,000 | 4,355,298 | ||||||||||
|
|
|||||||||||
15,128,653 | ||||||||||||
|
|
|||||||||||
Engineering & Construction 0.0% |
||||||||||||
Brand Industrial Services, Inc., 10.38%, 08/01/30 (c),(d) |
1,684,000 | 1,780,881 | ||||||||||
|
|
|||||||||||
Food Service 0.3% |
||||||||||||
TKC Holdings, Inc., |
||||||||||||
6.88%, 05/15/28 (c),(d) |
6,830,000 | 6,317,750 | ||||||||||
10.50%, 05/15/29 (c),(d) |
8,359,000 | 7,564,895 | ||||||||||
|
|
|||||||||||
13,882,645 | ||||||||||||
|
|
|||||||||||
Hand/Machine Tools 0.2% |
||||||||||||
Werner FinCo LP, |
||||||||||||
11.50%, 06/15/28 (c),(d) |
4,137,000 | 4,297,213 | ||||||||||
PIK, 14.50%, 10/15/28 (c),(d) |
3,018,180 | 2,505,089 | ||||||||||
|
|
|||||||||||
6,802,302 | ||||||||||||
|
|
|||||||||||
Healthcare-Services 0.5% |
||||||||||||
Akumin Escrow, Inc., 7.50%, 08/01/28 (c),(d),(l) |
5,577,000 | 4,227,924 | ||||||||||
Akumin, Inc., 7.00%, 11/01/25 (c),(d),(l) |
3,344,000 | 2,708,640 | ||||||||||
Team Health Holdings, Inc., 6.38%, 02/01/25 (c),(d) |
12,108,000 | 10,140,450 | ||||||||||
U.S. Renal Care, Inc., 10.63%, 06/28/28 (c),(d) |
1,173,200 | 891,632 | ||||||||||
|
|
|||||||||||
17,968,646 | ||||||||||||
|
|
|||||||||||
Household Products/Wares 0.3% |
||||||||||||
Kronos Acquisition Holdings, Inc., 7.00%, 12/31/27 (c),(d) |
11,628,000 | 11,104,740 | ||||||||||
|
|
|||||||||||
Housewares 0.1% |
||||||||||||
SWF Escrow Issuer Corp., 6.50%, 10/01/29 (c),(d) |
2,782,000 | 1,999,563 | ||||||||||
|
|
See Notes to Consolidated Schedule of Investments.
45
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Insurance 0.2% |
||||||||||
Acrisure LLC, 6.00%, 08/01/29 (c),(d) |
$ | 3,194,000 | $ | 2,902,216 | ||||||
Highlands Holdings Bond Issuer Ltd., PIK, 7.63%, 10/15/25 (c),(d) |
5,492,873 | 5,581,885 | ||||||||
|
|
|||||||||
8,484,101 | ||||||||||
|
|
|||||||||
Internet 0.0% |
||||||||||
GrubHub Holdings, Inc., 5.50%, 07/01/27 (c),(d) |
895,000 | 752,337 | ||||||||
|
|
|||||||||
Leisure Time 0.2% |
||||||||||
Viking Cruises Ltd., 5.88%, 09/15/27 (c),(d) |
7,429,000 | 7,168,985 | ||||||||
|
|
|||||||||
Lodging 0.0% |
||||||||||
Full House Resorts, Inc., 8.25%, 02/15/28 (c),(d) |
1,233,000 | 1,159,020 | ||||||||
|
|
|||||||||
Machinery-Diversified 0.2% |
||||||||||
Husky III Holding Ltd., PIK, 13.00%, 02/15/25 (c),(d) |
5,930,000 | 5,904,014 | ||||||||
Titan Acquisition Ltd., 7.75%, 04/15/26 (c),(d) |
568,000 | 571,578 | ||||||||
|
|
|||||||||
6,475,592 | ||||||||||
|
|
|||||||||
Media 0.2% |
||||||||||
McGraw-Hill Education, Inc., 8.00%, 08/01/29 (c),(d) |
10,186,000 | 9,472,980 | ||||||||
|
|
|||||||||
Oil & Gas 1.1% |
||||||||||
Calumet Specialty Products Partners LP, 8.13%, 01/15/27 (d) |
18,500,000 | 18,176,250 | ||||||||
CITGO Petroleum Corp., 8.38%, 01/15/29 (c),(d) |
3,865,000 | 3,974,495 | ||||||||
Petroleos Mexicanos, |
||||||||||
6.35%, 02/12/48 (c) |
1,543,000 | 979,206 | ||||||||
6.38%, 01/23/45 (c) |
1,024,000 | 667,217 | ||||||||
6.63%, 06/15/38 (c) |
1,375,000 | 969,783 | ||||||||
6.75%, 09/21/47 (c) |
3,196,000 | 2,091,194 | ||||||||
6.95%, 01/28/60 (c) |
3,111,000 | 2,048,876 | ||||||||
7.69%, 01/23/50 (c) |
19,103,000 | 13,585,374 | ||||||||
|
|
|||||||||
42,492,395 | ||||||||||
|
|
|||||||||
Packaging & Containers 0.2% |
||||||||||
LABL, Inc., |
||||||||||
8.25%, 11/01/29 (c),(d) |
1,199,000 | 1,010,158 | ||||||||
10.50%, 07/15/27 (c),(d) |
268,000 | 257,024 | ||||||||
Mauser Packaging Solutions Holding Co., 9.25%, 04/15/27 (c),(d) |
7,037,000 | 6,907,202 | ||||||||
|
|
|||||||||
8,174,384 | ||||||||||
|
|
|||||||||
Pharmaceuticals 0.1% |
||||||||||
1375209 BC Ltd., 9.00%, 01/30/28 (c),(d) |
4,615,000 | 4,500,087 | ||||||||
|
|
|||||||||
Pipelines 0.6% |
||||||||||
FTAI Infra Escrow Holdings LLC, 10.50%, 06/01/27 (c),(d) |
2,198,000 | 2,280,077 | ||||||||
Martin Midstream Partners LP/Martin Midstream Finance Corp., 11.50%, 02/15/28 (c),(d) |
19,152,000 | 19,672,197 | ||||||||
|
|
|||||||||
21,952,274 | ||||||||||
|
|
|||||||||
Real Estate 0.0% |
||||||||||
Cushman & Wakefield U.S. Borrower LLC, 8.88%, 09/01/31 (c),(d) |
1,611,000 | 1,707,290 | ||||||||
Kennedy-Wilson, Inc., 4.75%, 03/01/29 (c) |
196,000 | 163,644 | ||||||||
|
|
|||||||||
1,870,934 | ||||||||||
|
|
|||||||||
Real Estate Investment Trusts 0.1% |
||||||||||
IIP Operating Partnership LP, 5.50%, 05/25/26 (c) |
2,279,000 | 2,104,097 | ||||||||
XHR LP, 4.88%, 06/01/29 (c),(d) |
119,000 | 109,538 | ||||||||
|
|
|||||||||
2,213,635 | ||||||||||
|
|
See Notes to Consolidated Schedule of Investments.
46
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||||
Retail 0.4% |
||||||||||||
GPS Hospitality Holding Co. LLC, 7.00%, 08/15/28 (c),(d) |
$ | 7,346,000 | $ | 5,362,580 | ||||||||
LSF9 Atlantis Holdings LLC, 7.75%, 02/15/26 (c),(d) |
7,274,000 | 6,977,621 | ||||||||||
Michaels Cos., Inc. (The), |
||||||||||||
5.25%, 05/01/28 (c),(d) |
1,213,000 | 958,979 | ||||||||||
7.88%, 05/01/29 (c),(d) |
5,806,000 | 3,655,400 | ||||||||||
|
|
|||||||||||
16,954,580 | ||||||||||||
|
|
|||||||||||
Software 0.4% |
||||||||||||
AthenaHealth Group, Inc., 6.50%, 02/15/30 (c),(d) |
5,275,000 | 4,785,361 | ||||||||||
Cloud Software Group, Inc., 9.00%, 09/30/29 (d) |
11,040,000 | 10,493,000 | ||||||||||
|
|
|||||||||||
15,278,361 | ||||||||||||
|
|
|||||||||||
Trucking & Leasing 0.1% |
||||||||||||
Fortress Transportation & Infrastructure Investors LLC, |
||||||||||||
7.88%, 12/01/30 (c),(d) |
1,959,000 | 2,040,847 | ||||||||||
9.75%, 08/01/27 (c),(d) |
3,615,000 | 3,759,600 | ||||||||||
|
|
|||||||||||
5,800,447 | ||||||||||||
|
|
|||||||||||
Total North America |
234,295,585 | |||||||||||
|
|
|||||||||||
South America 1.0% |
||||||||||||
Airlines 0.1% |
||||||||||||
Azul Secured Finance LLP, 11.93%, 08/28/28 (c),(d) |
3,034,000 | 3,137,681 | ||||||||||
Latam Airlines Group SA, 13.38%, 10/15/29 (c),(d) |
1,985,000 | 2,272,877 | ||||||||||
|
|
|||||||||||
5,410,558 | ||||||||||||
|
|
|||||||||||
Chemicals 0.1% |
||||||||||||
4.50%, 01/10/28 - 01/31/30 (c),(j) |
3,363,000 | 2,732,399 | ||||||||||
|
|
|||||||||||
Diversified Financial Services 0.2% |
||||||||||||
Azul Secured Finance LLP, |
||||||||||||
10.88%, 05/28/30 (c),(d) |
2,780,000 | 2,293,897 | ||||||||||
11.50%, 05/28/29 (c),(d) |
7,032,706 | 5,943,914 | ||||||||||
|
|
|||||||||||
8,237,811 | ||||||||||||
|
|
|||||||||||
Iron/Steel 0.3% |
||||||||||||
Samarco Mineracao SA, 9.50%, 06/30/31 (c),(d) |
13,317,106 | 11,166,393 | ||||||||||
|
|
|||||||||||
Oil & Gas 0.3% |
||||||||||||
Petrobras Global Finance BV, |
||||||||||||
5.30%, 01/27/25 (c) |
3,208,000 | 3,190,899 | ||||||||||
6.25%, 03/17/24 (c) |
600,000 | 599,700 | ||||||||||
Petroleos del Peru SA, |
||||||||||||
4.75%, 06/19/32 (c),(j) |
1,500,000 | 1,071,350 | ||||||||||
5.63%, 06/19/47 (c),(j) |
14,100,000 | 8,636,250 | ||||||||||
|
|
|||||||||||
13,498,199 | ||||||||||||
|
|
|||||||||||
Total South America |
41,045,360 | |||||||||||
|
|
|||||||||||
TOTAL CORPORATE BONDS & NOTES |
422,730,396 | |||||||||||
|
|
|||||||||||
SOVEREIGN DEBT 4.6% |
||||||||||||
Argentina Republic Government International Bonds, 3.50%, 07/09/41 (c),(g) |
1,010,034 | 343,321 | ||||||||||
Bhama Government International Bonds, 6.00%, 11/21/28 (c),(j) |
3,208,000 | 2,823,040 | ||||||||||
Bulgaria Government International Bonds, |
||||||||||||
4.38%, 05/13/31 (c),(j) |
2,910,000 | EUR | 3,373,119 | |||||||||
4.88%, 05/13/36 (c),(j) |
1,455,000 | EUR | 1,718,974 |
See Notes to Consolidated Schedule of Investments.
47
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
CBB International Sukuk Programme Co., 6.25%, 11/14/24 (c),(j) |
$ | 560,000 | $ | 557,900 | ||||||
Colombia Government International Bonds, |
||||||||||
3.88%, 04/25/27 (c) |
3,732,000 | 3,555,346 | ||||||||
4.13%, 05/15/51 |
10,010,000 | 6,642,280 | ||||||||
4.50%, 01/28/26 (c) |
1,309,000 | 1,286,564 | ||||||||
8.75%, 11/14/53 (c) |
4,733,000 | 5,439,421 | ||||||||
Costa Rica Government International Bonds, |
||||||||||
7.00%, 04/04/44 (c),(j) |
289,000 | 301,716 | ||||||||
7.30%, 11/13/54 (c),(j) |
3,030,000 | 3,287,550 | ||||||||
Dominican Republic International Bonds, |
||||||||||
4.88%, 09/23/32 (c),(j) |
2,800,000 | 2,545,620 | ||||||||
5.30%, 01/21/41 (c),(j) |
291,000 | 251,351 | ||||||||
5.50%, 01/27/25 (c),(j) |
4,081,000 | 4,055,494 | ||||||||
5.95%, 01/25/27 (c),(j) |
7,000,000 | 7,014,350 | ||||||||
6.00%, 07/19/28 (c),(j) |
3,505,000 | 3,501,670 | ||||||||
6.88%, 01/29/26 (c),(j) |
10,017,000 | 10,183,783 | ||||||||
Ecuador Government International Bonds, |
||||||||||
2.50%, 07/31/40 (c),(g),(j) |
3,218,787 | 1,013,918 | ||||||||
3.50%, 07/31/35 (c),(g),(j) |
9,739,616 | 3,461,251 | ||||||||
Egypt Government International Bonds, |
||||||||||
5.88%, 02/16/31 (c),(j) |
4,422,000 | 2,890,883 | ||||||||
8.15%, 11/20/59 (c),(j) |
6,447,000 | 3,947,924 | ||||||||
8.70%, 03/01/49 (c),(j) |
1,419,000 | 885,740 | ||||||||
Hungary Government International Bonds, |
||||||||||
6.13%, 05/22/28 (c),(j) |
5,050,000 | 5,245,374 | ||||||||
6.25%, 09/22/32 (j) |
6,500,000 | 6,930,859 | ||||||||
Iraq International Bond, 5.80%, 01/15/28 (c),(j) |
13,576,500 | 12,672,821 | ||||||||
Iraq International Bonds, 5.80%, 01/15/28 (c),(d) |
4,543,313 | 4,240,901 | ||||||||
Israel Government International Bonds, 6.50%, 11/06/31 (c),(j) |
9,379,000 | 10,104,841 | ||||||||
Ivory Coast Government International Bonds, 6.13%, 06/15/33 (j) |
1,500,000 | 1,376,760 | ||||||||
Lebanon Government International Bonds, |
||||||||||
5.80%, 04/14/49 (c),(j),(l) |
3,567,000 | 205,844 | ||||||||
6.38%, 03/09/24 (c),(l) |
28,060,000 | 1,654,137 | ||||||||
Series 42, 8.25%, 04/12/23 (c),(j),(l) |
3,525,000 | 204,062 | ||||||||
Magyar Export-Import Bank Zrt, 6.00%, 05/16/29 (c),(j) |
5,529,000 | EUR | 6,462,578 | |||||||
Mexico Government International Bonds, 3.25%, 04/16/30 (c) |
$ | 4,762,000 | 4,306,600 | |||||||
Mexico Udibonos, |
||||||||||
Series S, 4.00%, 11/15/40 (c) |
21,970,740 | MXN | 1,237,340 | |||||||
Series S, 4.50%, 11/22/35 (c) |
30,359,568 | MXN | 1,799,977 | |||||||
Morocco Government International Bonds, 5.95%, 03/08/28 (j) |
$ | 4,000,000 | 4,100,000 | |||||||
Nigeria Government International Bonds, 8.25%, 09/28/51 (j) |
2,000,000 | 1,639,400 | ||||||||
Panama Government International Bonds, |
||||||||||
3.16%, 01/23/30 |
3,000,000 | 2,550,750 | ||||||||
3.88%, 03/17/28 (c),(m) |
6,256,000 | 5,765,490 | ||||||||
Paraguay Government International Bonds, 2.74%, 01/29/33 (j) |
3,000,000 | 2,457,000 | ||||||||
Peruvian Government International Bond, 2.78%, 01/23/31 (c) |
5,927,000 | 5,161,350 | ||||||||
Republic of South Africa Government International Bonds, |
||||||||||
0.00%, 09/16/25 (c),(h) |
6,155,000 | 6,205,446 | ||||||||
4.85%, 09/27/27 (c) |
3,288,000 | 3,222,240 | ||||||||
5.65%, 09/27/47 |
3,000,000 | 2,392,500 | ||||||||
5.88%, 04/20/32 |
3,000,000 | 2,841,360 |
See Notes to Consolidated Schedule of Investments.
48
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||||
Saudi Government International Bonds, 4.38%, 04/16/29 (c),(j) |
$ | 7,122,000 | $ | 7,089,182 | ||||||||
Turkey Government International Bonds, 4.88%, 04/16/43 (c) |
1,666,000 | 1,213,081 | ||||||||||
Turkiye Ihracat Kredi Bankasi AS, 9.00%, 01/28/27 (c),(j) |
2,619,000 | 2,724,127 | ||||||||||
Vietnam Government International Bonds, 4.80%, 11/19/24 (c),(j) |
8,389,000 | 8,296,718 | ||||||||||
|
|
|||||||||||
TOTAL SOVEREIGN DEBT |
181,181,953 | |||||||||||
|
|
|||||||||||
MORTGAGE-BACKED SECURITIES 19.5% |
||||||||||||
Europe 0.1% |
||||||||||||
Commercial Mortgage-Backed Securities 0.1% |
||||||||||||
Atom Mortgage Securities DAC, |
||||||||||||
Series 1A, Class E, 3 mo. SONIO + 2.80%, 8.02%, 07/22/31 (c),(e) |
550,695 | GBP | 615,396 | |||||||||
Series 1X, Class D, 3 mo. SONIO + 1.90%, 7.12%, 07/22/31 (c),(e) |
84,178 | GBP | 91,883 | |||||||||
Last Mile Logistics Pan Euro Finance DAC, |
||||||||||||
Series 1A, Class E, 3 mo. EURIBOR + 2.70%, 6.69%, 08/17/33 (c),(d),(e) |
98,185 | EUR | 102,349 | |||||||||
Series 1X,, Class E, 3 mo. EURIBOR + 2.70%, 6.69%, 08/17/33 (c),(e),(j) |
98,186 | EUR | 102,350 | |||||||||
Last Mile Securities PE DAC, Series 2021-1X, Class A2, 3 mo. EURIBOR + 1.05%, 5.04%, 08/17/31 (c),(e) |
1,986,591 | EUR | 2,126,072 | |||||||||
Pearl Finance DAC, Series 2020-1, Class C, 3 mo. EURIBOR + 2.85%, |
650,453 | EUR | 701,081 | |||||||||
Taurus NL DAC, |
||||||||||||
Series 2020-NL1X, Class C, 3 mo. EURIBOR + 1.55%, 5.55%, 02/20/30 (c),(e) |
59,727 | EUR | 59,342 | |||||||||
Series 2020-NL1X, Class D, 3 mo. EURIBOR + 2.00%, 6.00%, 02/20/30 (c),(e) |
597,268 | EUR | 581,686 | |||||||||
Taurus UK DAC, Series 2021-UK4X, Class E, 3 mo. SONIA + 3.10%, |
101,416 | GBP | 120,768 | |||||||||
|
|
|||||||||||
4,500,927 | ||||||||||||
|
|
|||||||||||
Total Europe |
4,500,927 | |||||||||||
|
|
|||||||||||
North America 19.4% |
||||||||||||
Collateralized Mortgage Obligation (Residential) 2.3% |
||||||||||||
Ajax Mortgage Loan Trust, |
||||||||||||
Series 2021-E, Class B1, 3.73%, 12/25/60 (c),(d),(e) |
$ | 972,000 | 684,678 | |||||||||
Series 2021-E, Class B2, 3.77%, 12/25/60 (c),(d),(e) |
762,000 | 571,684 | ||||||||||
Alternative Loan Trust, |
||||||||||||
Series 2004-16CB, Class M, 5.81%, 08/25/34 (c),(e) |
308,096 | 242,722 | ||||||||||
Series 2004-2CB, Class M, 5.76%, 03/25/34 (c),(e) |
380,416 | 287,855 | ||||||||||
Series 2004-4CB, Class M, 5.69%, 04/25/34 (c),(e) |
189,856 | 132,893 | ||||||||||
Series 2005-10CB, Class 1A1, 1 mo. TSFR + .61%, 5.50%, 05/25/35 (c),(e) |
296,660 | 223,304 | ||||||||||
Series 2005-11CB, Class 3A2, 1 mo. TSFR + .61%, 5.50%, 06/25/35 (c),(e) |
316,690 | 225,910 | ||||||||||
Series 2005-28CB, Class 2A8, 1 mo. TSFR + .51%, 5.75%, 08/25/35 (c),(e) |
1,664,468 | 980,461 | ||||||||||
Series 2005-56, Class 1A2, 1 mo. TSFR + 1.27%, 3.81%, 11/25/35 (c),(e) |
304,831 | 256,095 | ||||||||||
Series 2005-59, Class 1A1, 1 mo. TSFR + .77%, 6.13%, 11/20/35 (c),(e) |
7,077,467 | 6,124,989 | ||||||||||
Series 2005-76, Class 1A2, 12 mo. MTA + 2.00%, 7.01%, 01/25/36 (c),(e) |
1,787,553 | 1,529,189 | ||||||||||
Series 2006-13T1, Class A15, 6.00%, 05/25/36 (c) |
417,369 | 200,133 | ||||||||||
Series 2006-23CB, Class 2A3, 6.50%, 08/25/36 (c) |
711,857 | 248,278 | ||||||||||
Series 2006-29T1, Class 3A1, 6.50%, 10/25/36 (c) |
565,701 | 151,142 | ||||||||||
Series 2006-39CB, Class 1A6, 1 mo. TSFR + .71%, 6.00%, 01/25/37 (c),(e) |
311,095 | 237,259 | ||||||||||
Series 2006-7CB, Class 1A4, 6.00%, 05/25/36 (c) |
767,703 | 410,683 | ||||||||||
Series 2006-8T1, Class 1A1, 1 mo. TSFR + .61%, 5.97%, 04/25/36 (c),(e) |
685,853 | 233,497 | ||||||||||
Series 2006-J1, Class 1A4, 1 mo. TSFR + .61%, 5.50%, 02/25/36 (c),(e) |
364,597 | 216,612 | ||||||||||
Series 2006-OA12, Class A1C, 1 mo. TSFR + .39%, 5.75%, 09/20/46 (c),(e) |
313,309 | 236,815 | ||||||||||
Series 2006-OA12, Class A2, 1 mo. TSFR + .32%, 5.68%, 09/20/46 (c),(e) |
201,146 | 171,346 | ||||||||||
Series 2006-OA16, Class A3, 1 mo. TSFR + .61%, 5.97%, 10/25/46 (c),(e) |
306,087 | 223,226 | ||||||||||
Series 2006-OA19, Class A1, 1 mo. TSFR + .29%, 5.65%, 02/20/47 (c),(e) |
347,352 | 272,134 |
See Notes to Consolidated Schedule of Investments.
49
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Series 2006-OA19, Class A4, 1 mo. TSFR + .32%, 5.68%, 02/20/47 (c),(e) |
$ | 334,389 | $ | 260,767 | ||||||
Series 2006-OA2, Class A1, 1 mo. TSFR + .53%, 5.89%, 05/20/46 (c),(e) |
562,679 | 461,345 | ||||||||
Series 2006-OA8, Class 2A3, 1 mo. TSFR + .49%, 5.85%, 07/25/46 (c),(e) |
199,012 | 196,780 | ||||||||
Series 2006-OA8, Class 2A4, 1 mo. TSFR + .63%, 5.99%, 07/25/46 (c),(e) |
361,270 | 245,076 | ||||||||
Series 2006-OA9, Class 2A1A, 1 mo. TSFR + .32%, 5.68%, 07/20/46 (c),(e) |
625,943 | 487,549 | ||||||||
Series 2007-16CB, Class 1A2, 1 mo. TSFR + .51%, 5.87%, 08/25/37 (c),(e) |
401,434 | 268,696 | ||||||||
Series 2007-18CB, Class 1A2, 1 mo. TSFR + .58%, 5.94%, 08/25/37 (c),(e) |
707,181 | 229,378 | ||||||||
Series 2007-20, Class A1, 1 mo. TSFR + .61%, 5.97%, 08/25/47 (c),(e) |
875,979 | 334,158 | ||||||||
Series 2007-23CB, Class A3, 1 mo. TSFR + .61%, 5.97%, 09/25/37 (c),(e) |
1,854,604 | 719,037 | ||||||||
Series 2007-2CB, Class 1A7, 1 mo. TSFR + .61%, 5.75%, 03/25/37 (c),(e) |
572,877 | 236,248 | ||||||||
Series 2007-HY6, Class A1, 1 mo. TSFR + .53%, 5.89%, 08/25/47 (c),(e) |
434,275 | 335,625 | ||||||||
Series 2007-OA11, Class A1A, 12 mo. MTA + 1.38%, 6.39%, 11/25/47 (c),(e) |
370,937 | 282,745 | ||||||||
Series 2007-OA2, Class 1A1, 12 mo. MTA + .84%, 5.85%, 03/25/47 (c),(e) |
248,773 | 206,073 | ||||||||
Series 2007-OH2, Class A2B, 1 mo. TSFR + .47%, 5.83%, 08/25/47 (c),(e) |
139,688 | 121,359 | ||||||||
American Home Mortgage Assets Trust, Series 2006-1, Class 1A2, 1 mo. TSFR + .30%, 5.66%, 05/25/46 (c),(e) |
327,889 | 278,730 | ||||||||
American Home Mortgage Investment Trust, |
||||||||||
Series 2004-4, Class 6A2, 6.00%, 02/25/45 (c),(g) |
7,500,000 | 6,082,912 | ||||||||
Series 2005-2, Class 5A4C, 5.91%, 09/25/35 (c),(g) |
777,468 | 398,461 | ||||||||
Angel Oak Mortgage Trust, Series 2021-8, Class B1, 4.11%, 11/25/66 (c),(d),(e) |
109,000 | 80,678 | ||||||||
Banc of America Funding Trust, Series 2006-H, Class 5A1, 1 mo. TSFR + .47%, 5.83%, 10/20/36 (c),(e) |
3,906,478 | 1,283,426 | ||||||||
Barclays Mortgage Loan Trust, Series 2021-NQM1, Class B2, 5.43%, 09/25/51 (c),(d) |
100,000 | 80,337 | ||||||||
Bear Stearns ALT-A Trust, |
||||||||||
Series 2006-1, Class 11A2, 1 mo. TSFR + .75%, 6.11%, 02/25/36 (c),(e) |
1,307,890 | 1,092,545 | ||||||||
Series 2006-3, Class 22A1, 3.90%, 05/25/36 (c),(e) |
344,634 | 247,841 | ||||||||
Series 2006-4, Class 13A1, 1 mo. TSFR + .43%, 5.79%, 08/25/36 (c),(e) |
266,445 | 219,202 | ||||||||
Series 2022-NQM1, Class B1, 4.71%, 04/25/61 - 09/25/61 (c),(d),(e) |
1,100,000 | 830,622 | ||||||||
Calcon Mutual Mortgage, Series 2023-1, Class M1, 4.80%, 06/25/54 (c),(d),(e) |
3,006,000 | 3,025,668 | ||||||||
Chase Mortgage Finance Trust, Series 2007-A1, Class 1M, 5.25%, 02/25/37 (c),(e) |
244,685 | 179,290 | ||||||||
ChaseFlex Trust, Series 2007-1, Class 1A1, 6.50%, 02/25/37 (c) |
1,021,438 | 347,622 | ||||||||
Chevy Chase Funding LLC Mortgage-Backed Certificates, Series 2004-4A, Class B1, 4.63%, 10/25/35 (c),(d),(e) |
307,737 | 240,948 | ||||||||
CHL Mortgage Pass-Through Trust, Series 2005-3, Class 1A4, 1 mo. TSFR + .83%, 6.19%, 04/25/35 (c),(e) |
494,034 | 422,491 | ||||||||
Citigroup Mortgage Loan Trust, Inc., Series 2006-AR6, Class 2A4, 1 mo. TSFR + .55%, 5.91%, 09/25/36 (c),(e) |
809,988 | 299,887 | ||||||||
CitiMortgage Alternative Loan Trust, |
||||||||||
Series 2006-A4, Class 1A5, 1 mo. TSFR + .76%, 6.00%, 09/25/36 (c),(e) |
809,849 | 651,168 | ||||||||
Series 2007-A6, Class 1A1, 1 mo. TSFR + .71%, 6.00%, 06/25/37 (c),(e) |
304,234 | 245,787 | ||||||||
COLT Mortgage Loan Trust, |
||||||||||
Series 2021-HX1, Class B1, 3.11%, 10/25/66 (c),(d),(e) |
118,000 | 72,843 | ||||||||
Series 2021-HX1, Class B3A, 4.22%, 10/25/66 (c),(d),(e) |
100,000 | 55,834 | ||||||||
Series 2022-1, Class B1, 4.10%, 12/25/66 - 01/25/67 (c),(d),(e) |
335,000 | 240,583 | ||||||||
Series 2022-1, Class B2, 4.10%, 12/27/66 - 01/25/67 (c),(d),(e) |
1,220,000 | 801,652 | ||||||||
Series 2022-2, Class B1, 3.95%, 02/25/67 (c),(d),(e) |
100,000 | 75,134 | ||||||||
Series 2022-3, Class B2, 4.24%, 02/25/67 (c),(d),(e) |
100,000 | 73,122 | ||||||||
Series 2022-4, Class B1, 4.61%, 03/25/67 - 04/25/67 (c),(d),(e) |
1,127,000 | 909,420 | ||||||||
Series 2022-5, Class B1, 4.74%, 03/25/67 (c),(d),(e) |
1,000,000 | 810,652 | ||||||||
COLT Trust, |
||||||||||
Series 2021-RPL1, Class B1, 4.71%, 09/25/61 (c),(d),(e) |
100,000 | 74,808 |
See Notes to Consolidated Schedule of Investments.
50
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Series 2021-RPL1, Class B2, 4.71%, 09/25/61 (c),(d),(e) |
$ | 446,000 | $ | 298,626 | ||||||
Credit Suisse First Boston Mortgage Securities Corp., Series 2003-AR26, Class CB1, 5.49%, 11/25/33 (c),(e) |
255,760 | 222,102 | ||||||||
CSFB Mortgage-Backed Pass-Through Certificates, Series 2004-8, Class DB1, 5.59%, 12/25/34 (c),(e) |
382,629 | 236,863 | ||||||||
CSMC Trust, |
||||||||||
Series 2021-NQM3, Class B2, 4.13%, 04/25/66 (c),(d),(e) |
800,000 | 509,613 | ||||||||
Series 2021-NQM3, Class B1, 3.43%, 04/25/66 (c),(d),(e) |
211,000 | 120,295 | ||||||||
Series 2021-NQM7, Class B1, 3.72%, 10/25/66 (c),(d),(e) |
100,000 | 66,779 | ||||||||
Series 2021-NQM8, Class B1, 4.21%, 10/25/66 (c),(d),(e) |
226,899 | 162,564 | ||||||||
Series 2021-NQM8, Class B2, 4.24%, 10/25/66 (c),(d),(e) |
100,000 | 69,067 | ||||||||
Deephaven Residential Mortgage Trust, |
||||||||||
Series 2020-2, Class B3, 5.79%, 05/25/65 (c),(d),(e) |
263,000 | 214,098 | ||||||||
Series 2021-2, Class B1, 3.17%, 04/25/66 (c),(d),(e) |
100,000 | 70,906 | ||||||||
Series 2021-2, Class B2, 3.93%, 04/25/66 (c),(d),(e) |
100,000 | 67,375 | ||||||||
Series 2021-3, Class B2, 4.13%, 08/25/66 - 09/25/66 (c),(d),(e) |
200,000 | 131,439 | ||||||||
Series 2021-4, Class B2, 4.46%, 11/25/66 (c),(d),(e) |
100,000 | 66,945 | ||||||||
Series 2022-2, Class M1, 4.33%, 03/25/67 (c),(d),(e) |
100,000 | 76,191 | ||||||||
DSLA Mortgage Loan Trust, Series 2005-AR2, Class 2A1A, 1 mo. TSFR + .53%, 5.89%, 03/19/45 (c),(e) |
1,083,428 | 1,005,229 | ||||||||
First Horizon Alternative Mortgage Securities Trust, Series 2006-FA8, Class 1A3, 1 mo. TSFR + .61%, 5.97%, 02/25/37 (c),(e) |
753,444 | 240,749 | ||||||||
Flagstar Mortgage Trust, Series 2018-4, Class B4, 4.16%, 07/25/48 (c),(d),(e) |
222,556 | 190,459 | ||||||||
GCAT Trust, |
||||||||||
Series 2022-HX1, Class B1, 4.03%, 12/27/66 (c),(d),(e) |
100,000 | 69,228 | ||||||||
Series 2022-HX1, Class M1, 4.03%, 12/27/66 (c),(d),(e) |
100,000 | 68,450 | ||||||||
Series 2022-NQM4, Class M1, 5.75%, 08/25/67 (c),(d),(e) |
145,000 | 133,092 | ||||||||
GS Mortgage-Backed Securities Corp. Trust, Series 2021-PJ1, Class B3, |
3,850,594 | 2,814,719 | ||||||||
GSR Mortgage Loan Trust, |
||||||||||
Series 2005-AR6, Class B1, 5.38%, 09/25/35 (c),(e) |
285,543 | 231,911 | ||||||||
Series 2006-OA1, Class 1A1, 1 mo. TSFR + .55%, 5.91%, 08/25/46 (c),(e) |
8,122,442 | 1,877,267 | ||||||||
HarborView Mortgage Loan Trust, |
||||||||||
Series 2005-10, Class 2A1B, 1 mo. TSFR + .87%, 6.23%, 11/19/35 (c),(e) |
957,126 | 631,070 | ||||||||
Series 2006-4, Class 1A1A, 1 mo. TSFR + .47%, 5.83%, 05/19/46 (c),(e) |
545,497 | 280,525 | ||||||||
Series 2007-6, Class 2A1B, 1 mo. TSFR + .34%, 5.70%, 08/19/37 (c),(e) |
8,397,873 | 6,583,311 | ||||||||
Homeward Opportunities Fund Trust, Series 2022-1, Class M1, |
179,000 | 156,476 | ||||||||
Imperial Fund Mortgage Trust, Series 2023-NQM1, Class M1, 8.22%, 02/25/68 (c),(d),(e) |
256,000 | 258,081 | ||||||||
IndyMac INDX Mortgage Loan Trust, |
||||||||||
Series 2005-AR8, Class 2A1A, 1 mo. TSFR + .57%, 5.93%, 04/25/35 (c),(e) |
286,237 | 248,580 | ||||||||
Series 2006-AR7, Class 3A1, 3.53%, 05/25/36 (c),(e) |
222,085 | 179,033 | ||||||||
Series 2007-FLX2, Class A2, 1 mo. TSFR + .30%, 5.66%, 04/25/37 (c),(e) |
257,479 | 260,818 | ||||||||
Series 2007-FLX5, Class 2A2, 1 mo. TSFR + .35%, 5.71%, 08/25/37 (c),(e) |
4,525,026 | 3,703,598 | ||||||||
JP Morgan Alternative Loan Trust, Series 2006-A6, Class 1A1, 1 mo. TSFR + .43%, 5.79%, 11/25/36 (c),(e) |
299,248 | 240,736 | ||||||||
JP Morgan Mortgage Trust, |
||||||||||
Series 2018-5, Class B4, 3.72%, 10/25/48 (c),(d),(e) |
254,325 | 213,465 | ||||||||
Series 2023-HE2, Class M3, 1 mo. SOFR + 3.25%, 8.59%, 03/25/54 (c),(d),(e) |
4,000,000 | 3,999,760 | ||||||||
Legacy Mortgage Asset Trust, |
||||||||||
Series 2020-GS4, Class A2, 7.00%, 02/25/60 (c),(d),(g) |
1,041,756 | 960,416 | ||||||||
Series 2021-GS3, Class A2, 3.25%, 07/25/61 (c),(d),(g) |
556,000 | 484,557 |
See Notes to Consolidated Schedule of Investments.
51
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Lehman Mortgage Trust, Series 2007-1, Class 1A2, 5.75%, 02/25/37 (c) |
$ | 535,767 | $ | 507,672 | ||||||
Lehman XS Trust, Series 2007-15N, Class 4A1, 1 mo. TSFR + 1.01%, |
277,422 | 245,868 | ||||||||
LHOME Mortgage Trust, |
||||||||||
Series 2021-RTL1, Class M, 5.46%, 02/25/26 (c),(d),(e) |
1,884,000 | 1,628,801 | ||||||||
Series 2021-RTL2, Class M, 4.61%, 06/25/26 (c),(d),(g) |
684,000 | 593,786 | ||||||||
Merrill Lynch Mortgage Investors Trust, |
||||||||||
Series 2005-3, Class M1, 5.63%, 11/25/35 (c),(e) |
467,949 | 250,592 | ||||||||
Series 2005-A5, Class M1, 4.41%, 06/25/35 (c),(e) |
650,937 | 489,502 | ||||||||
MFA Trust, |
||||||||||
Series 2021-INV2, Class B1, 4.39%, 11/25/56 (c),(d),(e) |
217,000 | 159,253 | ||||||||
Series 2022-NQM1, Class M1, 4.26%, 12/25/66 (c),(d),(e) |
1,000,000 | 719,837 | ||||||||
Morgan Stanley Mortgage Loan Trust, |
||||||||||
Series 2004-7AR, Class B1, 5.86%, 09/25/34 (c),(e) |
268,621 | 199,708 | ||||||||
Series 2004-9, Class B1, 5.41%, 11/25/34 (c),(e) |
289,542 | 236,751 | ||||||||
Series 2005-1, Class B1, 5.63%, 03/25/35 (c),(e) |
497,865 | 308,906 | ||||||||
New Residential Mortgage Loan Trust, |
||||||||||
Series 2019-2A, Class B6, 4.83%, 12/25/57 (c),(d),(e) |
675,754 | 394,576 | ||||||||
Series 2022-NQM1, Class B2, 3.82%, 04/25/61 (c),(d),(e) |
100,000 | 63,384 | ||||||||
NMLT Trust, Series 2021-INV1, Class B1, 3.61%, 05/25/56 (c),(d),(e) |
138,000 | 90,088 | ||||||||
Nomura Asset Acceptance Corp. Alternative Loan Trust, Series 2006-AR3, Class A3A, |
321,571 | 266,108 | ||||||||
PMT Credit Risk Transfer Trust, Series 2019-2R, Class A, 1 mo. TSFR + 3.86%, |
1,652,132 | 1,653,681 | ||||||||
RCKT Mortgage Trust, |
||||||||||
Series 2023-CES1, Class M2, 7.98%, 06/25/43 (c),(d),(e) |
251,000 | 249,898 | ||||||||
Series 2023-CES2, Class M1, 7.36%, 09/25/43 (c),(d),(e) |
5,513,000 | 5,504,190 | ||||||||
Series 2023-CES2, Class M2, 8.18%, 09/25/43 (c),(d),(e) |
348,000 | 339,614 | ||||||||
Residential Accredit Loans, Inc. Trust, Series 2006-QO7, Class 1A1, |
337,995 | 286,912 | ||||||||
Saluda Grade Alternative Mortgage Trust, Series 2023-FIG3, Class B, |
1,804,960 | 1,832,619 | ||||||||
Sequoia Mortgage Trust, Series 2019-4, Class B4, 3.76%, 11/25/49 (c),(d),(e) |
2,158,000 | 1,310,491 | ||||||||
Starwood Mortgage Residential Trust, |
||||||||||
Series 2021-4, Class B2, 4.14%, 08/25/56 (c),(d),(e) |
268,000 | 177,903 | ||||||||
Series 2020-INV1, Class B1, 3.26%, 11/25/55 (c),(d) |
123,000 | 97,707 | ||||||||
Series 2021-3, Class B1, 3.35%, 06/25/56 (c),(d),(e) |
100,000 | 62,999 | ||||||||
Series 2021-6, Class B1, 3.94%, 11/25/66 (c),(d),(e) |
178,000 | 116,333 | ||||||||
Series 2021-6, Class B2, 3.94%, 11/25/66 (c),(d),(e) |
100,000 | 60,292 | ||||||||
Structured Asset Mortgage Investments II Trust, Series 2007-AR1, Class 2A2, 1 mo. TSFR + .32%, 5.68%, 01/25/37 (c),(e) |
430,352 | 512,458 | ||||||||
Structured Asset Securities Corp. Mortgage Pass-Through Certificates, Series 2003-26A, Class B1II, 5.87%, 09/25/33 (c),(e) |
224,463 | 149,870 | ||||||||
Thornburg Mortgage Securities Trust, Series 2005-3, Class B1, 5.14%, 10/25/45 (c),(e) |
563,104 | 404,325 | ||||||||
TRK Trust, |
||||||||||
Series 2021-INV2, Class B2, 4.41%, 11/25/56 (c),(d),(e) |
1,000,000 | 674,807 | ||||||||
Series 2022-INV1, Class B1, 4.03%, 02/25/57 - 08/25/67 (c),(d),(e) |
1,111,000 | 1,011,760 | ||||||||
Series 2022-INV1, Class B2, 4.03%, 02/25/57 (c),(d),(e) |
100,000 | 68,229 | ||||||||
Verus Securitization Trust, Series 2022-INV1, Class M1, 5.85%, 08/25/67 (c),(d),(e) |
1,000,000 | 945,625 | ||||||||
WaMu Mortgage Pass-Through Certificates Trust, |
||||||||||
Series 2005-AR1, Class B1, 1 mo. TSFR + .94%, 6.30%, 01/25/45 (c),(e) |
275,612 | 238,380 | ||||||||
Series 2005-AR17, Class A1C4, 1 mo. TSFR + .91%, 6.27%, 12/25/45 (c),(e) |
539,134 | 366,288 | ||||||||
Series 2005-AR6, Class B1, 1 mo. TSFR + 1.01%, 6.37%, 04/25/45 (c),(e) |
467,447 | 338,286 |
See Notes to Consolidated Schedule of Investments.
52
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Series 2005-AR9, Class B1, 1 mo. TSFR + 1.06%, 6.42%, 07/25/45 (c),(e) |
$ | 174,356 | $ | 156,879 | ||||||
Series 2006-AR1, Class 2A1C, 12 mo. MTA + 1.07%, 6.08%, 01/25/46 (c),(e) |
206,971 | 181,340 | ||||||||
Series 2006-AR17, Class 1A, 12 mo. MTA + .82%, 4.40%, 12/25/46 (c),(e) |
1,320,181 | 1,075,166 | ||||||||
Series 2007-HY6, Class 1A1, 3.81%, 06/25/37 (c),(e) |
302,401 | 245,729 | ||||||||
Washington Mutual Mortgage Pass-Through Certificates WMALT Trust, |
||||||||||
Series 2005-11, Class A2, 5.75%, 01/25/36 (c) |
229,053 | 171,445 | ||||||||
Series 2007-3, Class A19, 6.00%, 04/25/37 (c) |
529,912 | 486,868 | ||||||||
Series 2007-OA3, Class 2A, 12 mo. MTA + .75%, 5.76%, 02/25/47 (c),(e) |
234,482 | 190,876 | ||||||||
|
|
|||||||||
89,577,599 | ||||||||||
|
|
|||||||||
Commercial Mortgage-Backed Securities 4.8% |
||||||||||
Arbor Multifamily Mortgage Securities Trust, Series 2022-MF4, Class E, |
130,000 | 72,532 | ||||||||
AREIT LLC, Series 2022-CRE7, Class C, 1 mo. TSFR + 3.84%, |
1,000,000 | 983,722 | ||||||||
AREIT Trust, Series 2022-CRE6, Class C, 1 mo. SOFR + 2.15%, |
100,000 | 95,214 | ||||||||
BAMLL Commercial Mortgage Securities Trust, |
||||||||||
Series 2019-BPR, Class EMP, 3.89%, 11/05/32 (c),(d),(e) |
8,817,000 | 7,707,998 | ||||||||
Series 2019-BPR, Class FMP, 3.89%, 11/05/32 (c),(d),(e) |
4,408,000 | 3,753,566 | ||||||||
BBCMS Mortgage Trust, Series 2022-C16, Class XD, 2.18%, 06/15/55 (c),(d),(e),(f) |
4,299,000 | 605,570 | ||||||||
Benchmark Mortgage Trust, |
||||||||||
Series 2018-B7, Class D, 3.00%, 05/15/53 (c),(d) |
290,000 | 211,333 | ||||||||
Series 2023-V3, Class XD, 3.17%, 07/15/56 (c),(d),(e),(f) |
1,000,000 | 122,355 | ||||||||
BHMS Mortgage Trust, |
||||||||||
Series 2018-ATLS, Class C, 1 mo. TSFR + 2.20%, 7.56%, 07/15/35 (c),(d),(e) |
525,000 | 504,287 | ||||||||
Series 2018-ATLS, Class E, 1 mo. TSFR + 3.30%, 8.66%, 07/15/35 (c),(d),(e) |
2,103,000 | 1,982,332 | ||||||||
BOCA Commercial Mortgage Trust, |
||||||||||
Series 2022-BOCA, Class D, 1 mo. TSFR + 3.32%, 8.68%, 05/15/39 (c),(d),(e) |
1,000,000 | 982,665 | ||||||||
Series 2022-BOCA, Class E, 1 mo. TSFR + 4.22%, 9.58%, 05/15/39 (c),(d),(e) |
1,079,000 | 1,051,753 | ||||||||
BX Commercial Mortgage Trust, |
||||||||||
Series 2020-VIVA, Class E, 3.55%, 03/11/44 (c),(d),(e) |
7,501,000 | 5,892,666 | ||||||||
Series 2021-CIP, Class F, 1 mo. TSFR + 3.33%, 8.70%, 12/15/38 (c),(d),(e) |
153,000 | 144,903 | ||||||||
Series 2021-MC, Class G, 1 mo. TSFR + 3.20%, 8.56%, 04/15/34 (c),(d),(e) |
100,000 | 91,340 | ||||||||
Series 2021-SOAR, Class F, 1 mo. TSFR + 2.46%, 7.83%, 06/15/38 (c),(d),(e) |
1,313,693 | 1,265,847 | ||||||||
Series 2021-SOAR, Class G, 1 mo. TSFR + 2.91%, 8.28%, 06/15/38 (c),(d),(e) |
220,960 | 211,360 | ||||||||
Series 2021-SOAR, Class J, 1 mo. TSFR + 3.86%, 9.23%, 06/15/38 (c),(d),(e) |
928,405 | 880,953 | ||||||||
Series 2021-VINO, Class E, 1 mo. TSFR + 2.07%, 7.43%, 05/15/38 (c),(d),(e) |
1,133,743 | 1,079,747 | ||||||||
Series 2022-AHP, Class E, 1 mo. TSFR + 3.04%, 8.40%, 01/17/39 (c),(d),(e) |
216,000 | 207,654 | ||||||||
BX Trust, |
||||||||||
Series 2018-GW, Class F, 1 mo. TSFR + 2.72%, 8.08%, 05/15/35 (c),(d),(e) |
106,000 | 101,534 | ||||||||
Series 2021-ARIA, Class E, 1 mo. TSFR + 2.36%, 7.72%, 10/15/36 (c),(d),(e) |
1,840,000 | 1,727,208 | ||||||||
Series 2021-ARIA, Class F, 1 mo. TSFR + 2.71%, 8.07%, 10/15/36 (c),(d),(e) |
4,138,000 | 3,863,990 | ||||||||
Series 2022-FOX2, Class E, 1 mo. TSFR + 2.96%, 8.32%, 04/15/39 (c),(d),(e) |
831,689 | 783,844 | ||||||||
BXSC Commercial Mortgage Trust, Series 2022-WSS, Class E, 1 mo. TSFR + 4.13%, 9.50%, 03/15/35 (c),(d),(e) |
148,000 | 144,482 | ||||||||
CAMB Commercial Mortgage Trust, |
||||||||||
Series 2019-LIFE, Class E, 1 mo. TSFR + 2.20%, 7.81%, 12/15/37 (c),(d),(e) |
1,000,000 | 986,184 | ||||||||
Series 2019-LIFE, Class F, 1 mo. TSFR + 2.60%, 8.21%, 12/15/37 (c),(d),(e) |
1,000,000 | 980,769 | ||||||||
Series 2019-LIFE, Class G, 1 mo. TSFR + 3.30%, 8.91%, 12/15/37 (c),(d),(e) |
129,000 | 126,528 | ||||||||
Cascade Funding Mortgage Trust, Series 2021-FRR1, Class BK98, |
1,000,000 | 642,816 | ||||||||
CD Mortgage Trust, Series 2016-CD1, Class D, 2.78%, 08/10/49 (c),(d),(e) |
2,075,000 | 1,058,090 | ||||||||
CFK Trust, Series 2020-MF2, Class X, 0.77%, 03/15/39 (c),(d),(e),(f) |
19,612,000 | 413,244 |
See Notes to Consolidated Schedule of Investments.
53
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Citigroup Commercial Mortgage Trust, |
||||||||||
Series 2012-GC8, Class C, 4.94%, 09/10/45 (c),(d),(e) |
$ | 91,151 | $ | 79,757 | ||||||
Series 2015-GC29, Class D, 3.11%, 04/10/48 (c),(d) |
520,000 | 407,234 | ||||||||
Series 2016-GC37, Class D, 2.79%, 04/10/49 (c),(d) |
100,000 | 81,047 | ||||||||
Series 2019-C7, Class E, 2.75%, 12/15/72 (c),(d) |
697,000 | 367,089 | ||||||||
Series 2019-C7, Class XD, 1.20%, 12/15/72 (c),(d),(e),(f) |
5,347,000 | 312,147 | ||||||||
Series 2019-GC43, Class XD, 0.62%, 11/10/52 (c),(d),(e),(f) |
5,918,000 | 174,670 | ||||||||
Series 2020-420K, Class E, 3.31%, 11/10/42 (c),(d),(e) |
100,000 | 68,536 | ||||||||
Cold Storage Trust, Series 2020-ICE5, Class F, 1 mo. TSFR + 3.61%, |
982,991 | 963,677 | ||||||||
COMM Mortgage Trust, |
||||||||||
Series 2014-CR14, Class D, 4.50%, 02/10/47 (c),(d),(e) |
591,000 | 572,911 | ||||||||
Series 2014-CR18, Class D, 4.73%, 07/15/47 (c),(d),(e) |
2,161,000 | 2,056,548 | ||||||||
Series 2015-CR27, Class E, 3.25%, 10/10/48 (c),(d) |
1,439,000 | 1,192,630 | ||||||||
Series 2019-GC44, Class 180B, 3.40%, 08/15/57 (c),(d),(e) |
160,000 | 150,907 | ||||||||
Series 2019-GC44, Class 180C, 3.40%, 08/15/57 (c),(d),(e) |
386,000 | 366,445 | ||||||||
Series 2019-GC44, Class 180D, 3.40%, 08/15/57 (c),(d),(e) |
231,000 | 215,500 | ||||||||
Commercial Mortgage Trust, |
||||||||||
Series 2014-UBS4, Class XA, 1.07%, 08/10/47 (c),(e),(f) |
14,695,488 | 18,619 | ||||||||
Series 2015-CR22, Class E, 3.00%, 03/10/48 (c),(d) |
239,000 | 173,547 | ||||||||
Series 2015-CR23, Class C, 4.29%, 05/10/48 (c),(e) |
123,000 | 116,283 | ||||||||
Series 2015-CR23, Class D, 4.29%, 05/10/48 (c),(e) |
502,000 | 386,255 | ||||||||
Series 2015-CR23, Class E, 3.23%, 05/10/48 (c),(d) |
4,794,000 | 3,372,162 | ||||||||
Series 2015-CR25, Class D, 3.77%, 08/10/48 (c),(e) |
479,000 | 408,828 | ||||||||
Series 2015-CR27, Class D, 3.45%, 10/10/48 (c),(d),(e) |
3,065,000 | 2,700,161 | ||||||||
Series 2015-LC21, Class C, 4.32%, 07/10/48 (c),(e) |
1,113,000 | 1,041,982 | ||||||||
Series 2015-LC21, Class D, 4.32%, 07/10/48 (c),(e) |
1,348,000 | 1,169,406 | ||||||||
CSAIL Commercial Mortgage Trust, |
||||||||||
Series 2015-C2, Class D, 4.17%, 06/15/57 (c),(e) |
843,000 | 548,263 | ||||||||
Series 2015-C2, Class XA, 0.71%, 06/15/57 (c),(e),(f) |
32,787,880 | 225,679 | ||||||||
Series 2015-C3, Class XA, 0.66%, 08/15/48 (c),(e),(f) |
63,464,388 | 468,621 | ||||||||
Series 2015-C4, Class E, 3.56%, 11/15/48 (c),(e) |
100,000 | 82,047 | ||||||||
Series 2015-C4, Class F, 3.50%, 11/15/48 (c),(d),(e) |
5,568,000 | 3,793,523 | ||||||||
Series 2016-C5, Class C, 4.64%, 11/15/48 (c),(e) |
355,000 | 324,648 | ||||||||
Series 2018-CX11, Class D, 2.75%, 04/15/51 (c),(d),(e) |
604,000 | 428,880 | ||||||||
Series 2019-C16, Class D, 3.00%, 06/15/52 (c),(d) |
163,000 | 105,787 | ||||||||
Series 2019-C17, Class D, 2.50%, 09/15/52 - 10/15/52 (c),(d) |
1,512,000 | 1,031,129 | ||||||||
Series 2019-C18, Class XD, 1.42%, 12/15/52 (c),(d),(e),(f) |
4,452,333 | 293,890 | ||||||||
DC Office Trust, Series 2019-MTC, Class X, 0.11%, 09/15/45 (c),(d),(e),(f) |
64,579,000 | 448,759 | ||||||||
ELP Commercial Mortgage Trust, |
||||||||||
Series 2021-ELP, Class F, 1 mo. TSFR + 2.78%, 8.14%, 11/15/38 (c),(d),(e) |
99,884 | 95,681 | ||||||||
Series 2021-ELP, Class G, 1 mo. TSFR + 3.23%, 8.59%, 11/15/38 (c),(d),(e) |
1,210,591 | 1,133,290 | ||||||||
Series 2021-ELP, Class J, 1 mo. TSFR + 3.73%, 9.09%, 11/15/38 (c),(d),(e) |
1,002,833 | 934,755 | ||||||||
EQUS Mortgage Trust, |
||||||||||
Series 2021-EQAZ, Class D, 1 mo. TSFR + 1.76%, 7.13%, 10/15/38 (c),(d),(e) |
2,030,959 | 1,960,061 | ||||||||
Series 2021-EQAZ, Class E, 1 mo. TSFR + 2.41%, 7.78%, 10/15/38 (c),(d),(e) |
128,997 | 124,200 | ||||||||
Federal Home Loan Mortgage Corp., |
||||||||||
Series 2021-MN1, Class M2, 1 mo. SOFR + 3.75%, 9.09%, 01/25/51 (c),(d),(e) |
102,000 | 97,392 | ||||||||
Series 2021-MN2, Class M2, 1 mo. SOFR + 3.25%, 8.69%, 07/25/41 (c),(d),(e) |
128,000 | 116,493 | ||||||||
Series K049, Class X3, 1.55%, 10/25/43 (c),(e),(f) |
2,177,000 | 41,631 | ||||||||
Series K061, Class X1, 0.15%, 11/25/26 (c),(e),(f) |
15,829,432 | 70,473 | ||||||||
Series K071, Class X1, 0.28%, 11/25/27 (c),(e),(f) |
86,943,486 | 789,360 |
See Notes to Consolidated Schedule of Investments.
54
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Series K085, Class X3, 2.31%, 12/25/45 (c),(e),(f) |
$ | 1,000,000 | $ | 94,548 | ||||||
Series K095, Class X3, 2.10%, 08/25/47 (c),(e),(f) |
9,297,000 | 859,015 | ||||||||
Series K102, Class X3, 1.89%, 12/25/46 (c),(e),(f) |
1,000,000 | 90,794 | ||||||||
Series K115, Class X3, 2.96%, 09/25/48 (c),(e),(f) |
1,000,000 | 147,267 | ||||||||
Series K118, Class X3, 2.69%, 10/25/48 (c),(e),(f) |
652,000 | 90,122 | ||||||||
Series K119, Class X3, 2.73%, 09/25/48 (c),(e),(f) |
1,525,000 | 212,256 | ||||||||
Series K122, Class X3, 2.63%, 01/25/49 (c),(e),(f) |
1,000,000 | 137,840 | ||||||||
Series K126, Class X3, 2.63%, 01/25/49 (c),(e),(f) |
1,148,000 | 162,047 | ||||||||
Series K128, Class X3, 2.78%, 04/25/31 (c),(e),(f) |
1,000,000 | 148,977 | ||||||||
Series K142, Class X3, 3.10%, 03/25/32 (c),(e),(f) |
1,000,000 | 183,703 | ||||||||
Series K143, Class X3, 3.14%, 04/25/50 (c),(e),(f) |
1,000,000 | 187,907 | ||||||||
Series K148, Class X3, 4.15%, 08/25/54 (c),(e),(f) |
751,000 | 192,556 | ||||||||
Series K-1514, Class X3, 2.77%, 10/25/34 (c),(e),(f) |
13,043,739 | 2,581,669 | ||||||||
Series K154, Class X1, 0.29%, 11/25/32 (c),(e),(f) |
30,965,983 | 573,862 | ||||||||
Series K725, Class X1, 0.83%, 01/25/24 (c),(e),(f) |
60,496,323 | 2,904 | ||||||||
Series KLU1, Class X3, 4.11%, 01/25/31 (c),(e),(f) |
18,553,511 | 2,058,364 | ||||||||
Series KLU2, Class X1, 0.96%, 08/25/29 (c),(e),(f) |
55,460,551 | 2,259,796 | ||||||||
Series KLU2, Class X3, 3.91%, 08/25/29 (c),(e),(f) |
8,237,213 | 1,114,149 | ||||||||
Series KS11, Class XFX, 1.60%, 06/25/29 (c),(e),(f) |
25,265,000 | 1,622,417 | ||||||||
Series KW10, Class X3, 2.72%, 10/25/32 (c),(e),(f) |
5,935,000 | 729,868 | ||||||||
Fontainebleau Miami Beach Trust, |
||||||||||
Series 2019-FBLU, Class F, 3.96%, 12/10/36 (c),(d),(e) |
3,344,000 | 3,198,703 | ||||||||
Series 2019-FBLU, Class G, 3.96%, 12/10/36 (c),(d),(e) |
724,000 | 686,781 | ||||||||
Series 2019-FBLU, Class H, 3.96%, 12/10/36 (c),(d),(e) |
111,000 | 104,376 | ||||||||
FREMF Mortgage Trust, |
||||||||||
Series 2017-KGX1, Class CFX, 3.59%, 10/25/27 (c),(d),(e) |
1,000,000 | 858,782 | ||||||||
Series 2019-KL4L, Class BCR, 1 mo. SOFR + 3.61%, 8.95%, 11/25/25 (c),(d),(e) |
12,168 | 12,016 | ||||||||
Great Wolf Trust, Series 2019-WOLF, Class F, 1 mo. TSFR + 3.25%, |
1,336,000 | 1,315,192 | ||||||||
GS Mortgage Securities Corp. Trust, |
||||||||||
Series 2018-HULA, Class G, 1 mo. TSFR + 3.70%, 9.07%, 07/15/25 (c),(d),(e) |
974,233 | 947,626 | ||||||||
Series 2019-70P, Class C, 1 mo. TSFR + 1.86%, 7.23%, 10/15/36 (c),(d),(e) |
138,000 | 129,426 | ||||||||
Series 2020-DUNE, Class XCP, 0.00%, 12/15/36 (c),(d),(e),(f),(h) |
15,243,000 | 152 | ||||||||
Series 2021-DM, Class F, 1 mo. TSFR + 3.55%, 8.91%, 11/15/36 (c),(d),(e) |
312,000 | 297,212 | ||||||||
Series 2021-ROSS, Class F, 1 mo. TSFR + 4.01%, 9.38%, 05/15/26 (c),(d),(e) |
1,019,000 | 611,827 | ||||||||
Series 2021-ROSS, Class G, 1 mo. TSFR + 4.76%, 10.13%, 05/15/26 (c),(d),(e) |
1,000,000 | 506,718 | ||||||||
Series 2021-ROSS, Class H, 1 mo. TSFR + 6.01%, 11.38%, 05/15/26 (c),(d),(e) |
1,000,000 | 454,671 | ||||||||
Series 2021-STAR, Class D, 1 mo. TSFR + 2.01%, 7.38%, 12/15/36 (c),(d),(e) |
3,036,000 | 2,898,026 | ||||||||
GS Mortgage Securities Trust, |
||||||||||
Series 2012-GCJ9, Class D, 4.60%, 11/10/45 (c),(d),(e) |
177,047 | 169,203 | ||||||||
Series 2013-GC10, Class E, 4.54%, 02/10/46 (c),(d),(e) |
3,900,000 | 3,113,350 | ||||||||
Series 2014-GC20, Class C, 4.99%, 04/10/47 (c),(e) |
1,874,000 | 1,832,110 | ||||||||
Series 2014-GC20, Class D, 4.99%, 04/10/47 (c),(d),(e) |
503,911 | 393,002 | ||||||||
Series 2014-GC24, Class B, 4.50%, 09/10/47 (c),(e) |
100,000 | 95,101 | ||||||||
Series 2014-GC24, Class C, 4.52%, 09/10/47 (c),(e) |
303,000 | 278,527 | ||||||||
Series 2016-GS2, Class D, 2.75%, 05/10/49 (c),(d) |
1,415,000 | 1,127,523 | ||||||||
Series 2017-GS8, Class D, 2.70%, 11/10/50 (c),(d) |
1,593,000 | 1,112,358 | ||||||||
Series 2019-GC40, Class XD, 1.15%, 07/10/52 (c),(d),(e),(f) |
2,219,000 | 122,245 | ||||||||
Hawaii Hotel Trust, |
||||||||||
Series 2019-MAUI, Class F, 1 mo. TSFR + 2.80%, 8.16%, 05/15/38 (c),(d),(e) |
1,472,000 | 1,450,682 | ||||||||
Series 2019-MAUI, Class G, 1 mo. TSFR + 3.20%, 8.56%, 05/15/38 (c),(d),(e) |
1,000,000 | 963,959 |
See Notes to Consolidated Schedule of Investments.
55
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Hilton Orlando Trust, Series 2018-ORL, Class E, 1 mo. TSFR + 2.95%, |
$ | 359,000 | $ | 352,833 | ||||||
Hilton USA Trust, |
||||||||||
Series 2016-HHV, Class E, 4.19%, 11/05/38 (c),(d),(e) |
1,090,000 | 1,002,786 | ||||||||
Series 2016-HHV, Class F, 4.19%, 11/05/38 (c),(d),(e) |
20,614,000 | 18,614,772 | ||||||||
Series 2016-SFP, Class F, 6.16%, 11/05/35 (c),(d) |
1,068,000 | 32,180 | ||||||||
IMT Trust, Series 2017-APTS, Class FFX, 3.50%, 06/15/34 (c),(d),(e) |
625,000 | 603,439 | ||||||||
JP Morgan Chase Commercial Mortgage Securities Trust, |
||||||||||
Series 2015-JP1, Class C, 4.72%, 01/15/49 (c),(e) |
102,000 | 85,622 | ||||||||
Series 2016-JP3, Class D, 3.43%, 08/15/49 (c),(d),(e) |
100,000 | 67,154 | ||||||||
Series 2021-MHC, Class E, 1 mo. TSFR + 2.56%, 7.93%, 04/15/38 (c),(d),(e) |
100,000 | 96,500 | ||||||||
Series 2021-MHC, Class F, 1 mo. TSFR + 3.06%, 8.43%, 04/15/38 (c),(d),(e) |
1,143,000 | 1,098,113 | ||||||||
JPMBB Commercial Mortgage Securities Trust, |
||||||||||
Series 2014-C23, Class D, 3.98%, 09/15/47 (c),(d),(e) |
100,000 | 87,201 | ||||||||
Series 2014-C26, Class C, 4.37%, 01/15/48 (c),(e) |
642,000 | 611,698 | ||||||||
Series 2015-C29, Class D, 3.69%, 05/15/48 (c),(e) |
100,000 | 59,990 | ||||||||
Series 2015-C30, Class D, 3.73%, 07/15/48 (c),(e) |
2,964,000 | 1,583,532 | ||||||||
Series 2015-C31, Class E, 4.62%, 08/15/48 (c),(d),(e) |
1,093,000 | 715,861 | ||||||||
Series 2016-C1, Class C, 4.70%, 03/17/49 (c),(e) |
651,000 | 600,264 | ||||||||
Series 2016-C1, Class E, 4.70%, 03/17/49 (c),(d),(e) |
3,126,000 | 2,531,954 | ||||||||
JPMDB Commercial Mortgage Securities Trust, Series 2019-COR6, Class XD, |
4,231,000 | 277,786 | ||||||||
KKR Industrial Portfolio Trust, Series 2021-KDIP, Class G, 1 mo. TSFR + 3.86%, |
352,200 | 343,851 | ||||||||
Life Mortgage Trust, Series 2021-BMR, Class F, 1 mo. TSFR + 2.46%, |
1,130,416 | 1,079,827 | ||||||||
LSTAR Commercial Mortgage Trust, |
||||||||||
Series 2015-3, Class E, 3.13%, 04/20/48 (c),(d),(e) |
121,000 | 108,905 | ||||||||
Series 2017-5, Class C, 4.67%, 03/10/50 (c),(d),(e) |
967,000 | 793,767 | ||||||||
Series 2017-5, Class D, 4.67%, 03/10/50 (c),(d),(e) |
1,125,000 | 880,109 | ||||||||
LUXE Trust, |
||||||||||
Series 2021-TRIP, Class E, 1 mo. TSFR + 2.86%, 8.23%, 10/15/38 (c),(d),(e) |
1,000,000 | 980,362 | ||||||||
Series 2021-TRIP, Class F, 1 mo. TSFR + 3.36%, 8.73%, 10/15/38 (c),(d),(e) |
1,867,000 | 1,811,565 | ||||||||
Series 2021-TRIP, Class G, 1 mo. TSFR + 4.36%, 9.73%, 10/15/38 (c),(d),(e) |
1,229,000 | 1,186,602 | ||||||||
MFT Mortgage Trust, Series 2020-ABC, Class XA, 0.12%, 02/10/42 (c),(d),(e),(f) |
20,401,000 | 159,046 | ||||||||
MHC Commercial Mortgage Trust, |
||||||||||
Series 2021-MHC, Class F, 1 mo. TSFR + 2.72%, 8.08%, 04/15/38 (c),(d),(e) |
1,249,053 | 1,215,267 | ||||||||
Series 2021-MHC, Class G, 1 mo. TSFR + 3.32%, 8.68%, 04/15/38 (c),(d),(e) |
1,195,548 | 1,149,938 | ||||||||
MHC Trust, |
||||||||||
Series 2021-MHC2, Class E, 1 mo. TSFR + 2.06%, 7.43%, 05/15/38 (c),(d),(e) |
265,600 | 259,083 | ||||||||
Series 2021-MHC2, Class F, 1 mo. TSFR + 2.51%, 7.88%, 05/15/38 (c),(d),(e) |
876,000 | 839,602 | ||||||||
MHP Trust, |
||||||||||
Series 2021-STOR, Class E, 1 mo. TSFR + 1.86%, 7.23%, 07/15/38 (c),(d),(e) |
398,000 | 386,688 | ||||||||
Series 2021-STOR, Class F, 1 mo. TSFR + 2.31%, 7.68%, 07/15/38 (c),(d),(e) |
311,000 | 298,387 | ||||||||
Series 2021-STOR, Class G, 1 mo. TSFR + 2.86%, 8.23%, 07/15/38 (c),(d),(e) |
100,000 | 94,852 | ||||||||
Series 2022-MHIL, Class E, 1 mo. TSFR + 2.61%, 7.97%, 01/15/27 (c),(d),(e) |
911,614 | 859,036 | ||||||||
Series 2022-MHIL, Class F, 1 mo. TSFR + 3.26%, 8.62%, 01/15/27 (c),(d),(e) |
940,786 | 882,275 | ||||||||
Series 2022-MHIL, Class G, 1 mo. TSFR + 3.96%, 9.32%, 01/15/27 (c),(d),(e) |
713,794 | 665,762 | ||||||||
Morgan Stanley Bank of America Merrill Lynch Trust, |
||||||||||
Series 2014-C17, Class D, 4.65%, 08/15/47 (c),(d),(e) |
100,000 | 90,898 | ||||||||
Series 2015-C20, Class D, 3.07%, 02/15/48 (c),(d) |
393,000 | 354,695 |
See Notes to Consolidated Schedule of Investments.
56
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Series 2016-C31, Class D, 3.00%, 11/15/49 (c),(d),(e) |
$ | 1,441,000 | $ | 858,552 | ||||||
Series 2016-C32, Class D, 3.40%, 12/15/49 - 01/15/59 (c),(d),(e) |
1,456,000 | 911,095 | ||||||||
Morgan Stanley Capital I Trust, |
||||||||||
Series 2016-UB11, Class E, 2.59%, 08/15/49 (c),(d),(e) |
3,200,500 | 1,898,469 | ||||||||
Series 2018-SUN, Class F, 1 mo. TSFR + 2.85%, 8.21%, 07/15/35 (c),(d),(e) |
1,000,000 | 914,425 | ||||||||
Natixis Commercial Mortgage Securities Trust, |
||||||||||
Series 2019-MILE, Class D, 1 mo. TSFR + 2.83%, 8.19%, 07/15/36 (c),(d),(e) |
102,000 | 88,142 | ||||||||
Series 2019-MILE, Class E, 1 mo. TSFR + 3.58%, 8.94%, 07/15/36 (c),(d),(e) |
135,000 | 103,547 | ||||||||
Series 2022-RRI, Class C, 1 mo. TSFR + 3.10%, 8.46%, 03/15/35 (c),(d),(e) |
104,594 | 101,099 | ||||||||
NCMF Trust, Series 2022-MFP, Class C, 1 mo. TSFR + 2.84%, 8.20%, 03/15/39 (c),(d),(e) |
1,000,000 | 976,375 | ||||||||
New Orleans Hotel Trust, Series 2019-HNLA, Class E, 1 mo. TSFR + 2.74%, 8.10%, 04/15/32 (c),(d),(e) |
1,301,000 | 1,216,196 | ||||||||
OPG Trust, |
||||||||||
Series 2021-PORT, Class E, 1 mo. TSFR + 1.64%, 7.01%, 10/15/36 (c),(d),(e) |
65,835 | 63,467 | ||||||||
Series 2021-PORT, Class G, 1 mo. TSFR + 2.51%, 7.87%, 10/15/36 (c),(d),(e) |
611,610 | 577,256 | ||||||||
Series 2021-PORT, Class J, 1 mo. TSFR + 3.46%, 8.82%, 10/15/36 (c),(d),(e) |
77,027 | 72,519 | ||||||||
Prima Capital CRE Securitization Ltd., |
||||||||||
Series 2019-1S, Class C, 5.50%, 10/01/33 (c),(d) |
1,000,000 | 860,154 | ||||||||
Series 2019-RK1, Class BT, 4.45%, 04/15/38 (c),(d) |
1,173,000 | 863,829 | ||||||||
Series 2019-RK1, Class CG, 4.00%, 04/15/38 (c),(d) |
339,000 | 240,647 | ||||||||
Series 2019-RK1, Class CT, 4.45%, 04/15/38 (c),(d) |
121,000 | 84,762 | ||||||||
ReadyCap Commercial Mortgage Trust, |
||||||||||
Series 2019-6, Class C, 4.13%, 10/25/52 (c),(d),(e) |
1,691,000 | 1,471,985 | ||||||||
Series 2019-6, Class D, 4.65%, 10/25/52 (c),(d),(e) |
227,000 | 178,178 | ||||||||
SCG Mortgage Trust, Series 2023-NASH, Class D, 1 mo. TSFR + 4.19%, 9.55%, 12/15/40 (c),(d),(e) |
254,000 | 255,135 | ||||||||
SG Commercial Mortgage Securities Trust, |
||||||||||
Series 2016-C5, Class D, 4.82%, 10/10/48 (c),(d),(e) |
295,000 | 214,643 | ||||||||
Series 2019-PREZ, Class E, 3.48%, 09/15/39 (c),(d),(e) |
1,720,000 | 1,333,848 | ||||||||
SREIT Trust, |
||||||||||
Series 2021-IND, Class F, 1 mo. TSFR + 2.65%, 8.01%, 10/15/38 (c),(d),(e) |
145,000 | 137,547 | ||||||||
Series 2021-IND, Class G, 1 mo. TSFR + 3.38%, 8.74%, 10/15/38 (c),(d),(e) |
1,545,000 | 1,456,631 | ||||||||
Series 2021-MFP, Class G, 1 mo. TSFR + 3.09%, 8.45%, 11/15/38 (c),(d),(e) |
956,863 | 921,278 | ||||||||
Starwood Mortgage Trust, |
||||||||||
Series 2021-LIH, Class E, 1 mo. TSFR + 3.02%, 8.38%, 11/15/36 (c),(d),(e) |
1,000,000 | 955,501 | ||||||||
Series 2021-LIH, Class F, 1 mo. TSFR + 3.67%, 9.03%, 11/15/36 (c),(d),(e) |
125,000 | 119,300 | ||||||||
Series 2021-LIH, Class G, 1 mo. TSFR + 4.31%, 9.68%, 11/15/36 (c),(d),(e) |
1,000,000 | 940,519 | ||||||||
STWD Trust, |
||||||||||
Series 2021-FLWR, Class E, 1 mo. TSFR + 2.04%, 7.40%, 07/15/36 (c),(d),(e) |
836,000 | 812,920 | ||||||||
Series 2021-FLWR, Class G, 1 mo. TSFR + 3.79%, 9.15%, 07/15/36 (c),(d),(e) |
223,000 | 215,196 | ||||||||
TPGI Trust, |
||||||||||
Series 2021-DGWD, Class E, 1 mo. TSFR + 2.46%, 7.83%, 06/15/26 (c),(d),(e) |
951,200 | 919,046 | ||||||||
Series 2021-DGWD, Class F, 1 mo. TSFR + 3.11%, 8.48%, 06/15/26 (c),(d),(e) |
914,400 | 883,143 | ||||||||
Series 2021-DGWD, Class G, 1 mo. TSFR + 3.96%, 9.33%, 06/15/26 (c),(d),(e) |
1,112,000 | 1,073,431 | ||||||||
UBS Commercial Mortgage Trust, |
||||||||||
Series 2018-C11, Class D, 3.00%, 06/15/51 (c),(d),(e) |
112,000 | 65,600 | ||||||||
Series 2018-C9, Class D, 4.95%, 03/15/51 (c),(d),(e) |
331,000 | 192,965 | ||||||||
Velocity Commercial Capital Loan Trust, |
||||||||||
Series 2023-3, Class M1, 7.51%, 08/25/53 (c),(d),(e) |
4,087,956 | 4,123,632 | ||||||||
Series 2023-3, Class M2, 8.27%, 08/25/53 (c),(d),(e) |
248,927 | 250,300 |
See Notes to Consolidated Schedule of Investments.
57
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||
Wells Fargo Commercial Mortgage Trust, |
||||||||||
Series 2014-LC18, Class D, 3.96%, 12/15/47 (c),(d),(e) |
$ | 992,000 | $ | 924,412 | ||||||
Series 2015-C26, Class D, 3.59%, 02/15/48 (c),(d) |
4,590,000 | 4,120,998 | ||||||||
Series 2015-C27, Class D, 3.77%, 02/15/48 (c),(d) |
5,146,000 | 2,643,541 | ||||||||
Series 2015-NXS4, Class D, 3.68%, 12/15/48 (c),(e) |
100,000 | 86,042 | ||||||||
Series 2016-LC24, Class D, 3.21%, 10/15/49 (c),(d) |
4,253,000 | 3,342,505 | ||||||||
Series 2016-NXS5, Class E, 4.98%, 01/15/59 (c),(d),(e) |
100,000 | 55,424 | ||||||||
Series 2019-JWDR, Class D, 3.33%, 09/15/31 (c),(d),(e) |
100,000 | 91,250 | ||||||||
Series 2019-JWDR, Class F, 4.56%, 09/15/31 (c),(d),(e) |
2,488,000 | 2,255,424 | ||||||||
Series 2019-JWDR, Class G, 5.38%, 09/15/31 (c),(d),(e) |
2,074,000 | 1,781,964 | ||||||||
WFRBS Commercial Mortgage Trust, Series 2014-C19, Class D, |
379,000 | 364,127 | ||||||||
WMRK Commercial Mortgage Trust, |
||||||||||
Series 2022-WMRK, Class D, 1 mo. TSFR + 4.93%, 10.29%, 11/15/27 (c),(d),(e) |
1,000,000 | 993,742 | ||||||||
Series 2022-WMRK, Class E, 1 mo. TSFR + 5.68%, 11.04%, 11/15/27 (c),(d),(e) |
1,000,000 | 991,477 | ||||||||
Worldwide Plaza Trust, Series 2017-WWP, Class F, 3.60%, 11/10/36 (c),(d),(e) |
109,000 | 8,854 | ||||||||
|
|
|||||||||
191,190,312 | ||||||||||
|
|
|||||||||
Interest Only Commercial Mortgage-Backed Securities 1.7% |
||||||||||
California Housing Finance Agency, Series X, 0.29%, 01/15/35 (c),(e),(f) |
14,483,849 | 249,267 | ||||||||
Federal Home Loan Mortgage Corp., |
||||||||||
Series 303, Class C28, 4.50%, 01/15/43 (f) |
9,496,910 | 1,866,589 | ||||||||
Series 4941, Class IO, 4.00%, 12/15/47 (f) |
6,837,565 | 1,336,901 | ||||||||
Series 4976, Class MI, 4.50%, 05/25/50 (f) |
14,737,279 | 2,991,063 | ||||||||
Series 4980, Class KI, 4.50%, 06/25/50 (f) |
17,118,980 | 3,659,713 | ||||||||
Series 5036, Class KI, 4.00%, 06/25/48 (f) |
17,616,832 | 3,270,336 | ||||||||
Series 5093, Class AI, 3.50%, 04/25/51 (f) |
13,140,012 | 2,121,074 | ||||||||
Series 5104, Class GI, 3.50%, 06/25/49 (f) |
9,466,190 | 1,785,901 | ||||||||
Series 5134, Class BI, 4.50%, 08/25/51 (f) |
17,791,344 | 3,754,685 | ||||||||
Series 5146, Class BI, 4.00%, 08/25/50 (f) |
22,529,256 | 4,342,965 | ||||||||
Series 5236, Class KI, 4.00%, 11/25/51 (f) |
30,178,266 | 5,863,546 | ||||||||
Series 5322, Class DI, 3.00%, 10/25/51 (f) |
15,919,107 | 2,377,933 | ||||||||
Federal National Mortgage Association, |
||||||||||
Series 2020-41, Class GI, 4.00%, 10/15/44 (f) |
35,080,112 | 6,510,202 | ||||||||
Series 2020-62, Class GI, 4.00%, 06/25/48 (f) |
9,017,806 | 1,784,146 | ||||||||
Series 2021-91, Class NI, 3.50%, 01/25/52 (f) |
24,094,422 | 4,156,481 | ||||||||
Series 409, Class C14, 3.50%, 04/25/42 (f) |
13,210,320 | 2,110,586 | ||||||||
Series 413, Class C35, 4.50%, 10/25/40 (f) |
10,792,270 | 1,983,964 | ||||||||
Government National Mortgage Association, |
||||||||||
Series 2021-158, Class JI, 5.00%, 02/20/50 (f) |
12,584,113 | 2,573,489 | ||||||||
Series 2022-125, Class CI, 5.00%, 06/20/52 (f) |
22,725,962 | 4,334,909 | ||||||||
Series 2022-125, Class IO, 4.50%, 06/20/52 (f) |
27,941,821 | 5,205,701 | ||||||||
Series 2022-159, Class IA, 4.50%, 12/20/48 (f) |
18,822,127 | 3,330,858 | ||||||||
|
|
|||||||||
65,610,309 | ||||||||||
|
|
|||||||||
U.S. Government Sponsored Agency Securities 10.6% |
||||||||||
Uniform Mortgage-Backed Security, |
||||||||||
TBA, 30 Year Maturity, 2.50%, 01/01/54 (n) |
157,000,000 | 133,554,248 | ||||||||
TBA, 30 Year Maturity, 3.00%, 01/01/54 (n) |
200,000,000 | 176,843,800 | ||||||||
TBA, 30 Year Maturity, 5.00%, 01/01/54 (c),(n) |
10,500,000 | 10,386,390 | ||||||||
TBA, 30 Year Maturity, 5.50%, 01/01/54 (c),(n) |
4,700,000 | 4,721,662 |
See Notes to Consolidated Schedule of Investments.
58
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Principal Amount |
Value | ||||||||||
TBA, 30 Year Maturity, 6.00%, 01/01/54 (n) |
$ | 95,000,000 | $ | 96,473,260 | ||||||||
|
|
|||||||||||
421,979,360 | ||||||||||||
|
|
|||||||||||
Total North America |
768,357,580 | |||||||||||
|
|
|||||||||||
TOTAL MORTGAGE-BACKED SECURITIES |
772,858,507 | |||||||||||
|
|
|||||||||||
U.S. TREASURY NOTES 3.4% |
||||||||||||
North America 3.4% |
||||||||||||
U.S. Treasury Bills, |
||||||||||||
0.00%, 02/15/24 (c),(h) |
75,000,000 | 74,747,346 | ||||||||||
0.00%, 02/22/24 (c),(h) |
25,000,000 | 24,814,155 | ||||||||||
0.00%, 04/30/24 (c),(h) |
25,000,000 | 24,569,259 | ||||||||||
U.S. Treasury Bonds, |
||||||||||||
3.63%, 05/15/53 (c) |
1,142,200 | 1,056,000 | ||||||||||
4.38%, 08/15/43 (c) |
1,783,700 | 1,820,768 | ||||||||||
U.S. Treasury Notes, |
||||||||||||
2.75%, 08/15/32 (c) |
1,680,600 | 1,539,062 | ||||||||||
3.50%, 01/31/28 (c) |
832,900 | 819,756 | ||||||||||
3.88%, 12/31/27 (c) |
4,088,900 | 4,082,192 | ||||||||||
4.13%, 11/15/32 (c) |
1,911,000 | 1,942,502 | ||||||||||
|
|
|||||||||||
Total North America |
135,391,040 | |||||||||||
|
|
|||||||||||
TOTAL U.S. TREASURY NOTES |
135,391,040 | |||||||||||
|
|
|||||||||||
Shares | Value | |||||||||||
EXCHANGE-TRADED FUNDS 0.3% |
||||||||||||
iShares iBoxx $ Investment Grade Corporate Bond ETF (c) |
59,500 | 6,584,270 | ||||||||||
Pershing Square Holdings Ltd. |
149,111 | 6,918,750 | ||||||||||
|
|
|||||||||||
TOTAL EXCHANGE-TRADED FUNDS |
13,503,020 | |||||||||||
|
|
|||||||||||
UNDERTAKINGS FOR COLLECTIVE INVESTMENT IN TRANSFERABLE SECURITIES 3.9% |
||||||||||||
Ruffer SICAV - Ruffer Total Return International Class I (a) |
82,985,608 | 154,726,667 | ||||||||||
|
|
|||||||||||
TOTAL UNDERTAKINGS FOR COLLECTIVE INVESTMENT IN TRANSFERABLE SECURITIES |
154,726,667 | |||||||||||
|
|
|||||||||||
WARRANTS 0.0% |
||||||||||||
ATI Penny Warrant (a),(c) |
111,184 | 14,454 | ||||||||||
ATI Warrant (a),(c) |
100,595 | 0 | ||||||||||
Direct Selling Acquisition Corp. (a),(c) |
233,045 | 2,330 | ||||||||||
McLaren Racing Ltd. (a),(b),(c) |
22,935 | 1,529,967 | ||||||||||
|
|
|||||||||||
TOTAL WARRANTS |
1,546,751 | |||||||||||
|
|
|||||||||||
INVESTMENTS IN INVESTEE FUNDS 10.1% |
||||||||||||
Europe 0.8% |
||||||||||||
Qube Torus |
25,000 | 31,181,065 | ||||||||||
|
|
|||||||||||
Total Europe |
31,181,065 | |||||||||||
|
|
|||||||||||
North America 9.3% |
||||||||||||
Aeolus Property Catastrophe Keystone PF Fund LP |
2 | 8,045,118 | ||||||||||
Asgard Fixed Income Risk Premia Fund |
116,785 | 131,479,679 |
See Notes to Consolidated Schedule of Investments.
59
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
Atreides Co. Series K DIs - SpaceX (Common) |
1 | $ | 2,425,972 | |||||||||
Centiva Offshore Fund Ltd. |
1 | 24,442,536 | ||||||||||
PIMCO ILS Fund SP II |
6 | 20,011,202 | ||||||||||
Rokos Global Macro Fund Ltd. |
1 | 122,763,020 | ||||||||||
Statar Capital LLC |
54,732 | 58,954,180 | ||||||||||
|
|
|||||||||||
Total North America |
368,121,707 | |||||||||||
|
|
|||||||||||
TOTAL INVESTMENTS IN INVESTEE FUNDS |
399,302,772 | |||||||||||
|
|
|||||||||||
RIGHTS 0.0% |
||||||||||||
Groupon, Inc. (a) |
1,900 | 0 | ||||||||||
Omthera Pharmaceuticals, Inc. (a),(b) |
700 | 0 | ||||||||||
Pershing Square SPARC Holdings Ltd. (a),(b) |
505,024 | 0 | ||||||||||
Pershing Square Tontine Holdings Ltd. (a),(b) |
2,020,101 | 0 | ||||||||||
Sinovac Biotech Ltd. (a),(b) |
200 | 1,294 | ||||||||||
|
|
|||||||||||
TOTAL RIGHTS |
1,294 | |||||||||||
|
|
|||||||||||
TOTAL LONG-TERM INVESTMENTS |
3,194,811,700 | |||||||||||
|
|
|||||||||||
Contracts | Value | |||||||||||
COMMODITIES 6.1% |
||||||||||||
California Carbon Allowance Vintage 2025 Physical (a),(c) |
689 | 27,657 | ||||||||||
California Carbon Allowance Vintage 2021 Physical (a),(c) |
1,791,000 | 71,837,010 | ||||||||||
California Carbon Allowance Vintage 2022 Physical (a),(c) |
1,161,000 | 46,567,710 | ||||||||||
California Carbon Allowance Vintage 2023 Physical (a),(c) |
525,000 | 21,057,750 | ||||||||||
California Carbon Allowance Vintage 2024 Physical (a),(c) |
2,482,000 | 99,553,020 | ||||||||||
|
|
|||||||||||
TOTAL COMMODITIES |
239,043,147 | |||||||||||
|
|
Strike |
Expiration Date |
Contracts |
Notional |
Premium Paid |
Market Value |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
PURCHASED OPTIONS 0.5% |
| |||||||||||||||||||||||||||
Exchange-Traded Call Options 0.2% |
| |||||||||||||||||||||||||||
NAT GAS EURO OPT APR24 |
5.00 USD | 4/01/24 | 1 | 5 | $ | 1,123 | $ | 23 | $ | (1,100 | ) | |||||||||||||||||
NAT GAS EURO OPT AUG24 |
5.00 USD | 8/01/24 | 1 | 5 | 1,123 | 153 | (970 | ) | ||||||||||||||||||||
NAT GAS EURO OPT JUL24 |
5.00 USD | 7/01/24 | 1 | 5 | 1,123 | 105 | (1,018 | ) | ||||||||||||||||||||
NAT GAS EURO OPT JAN24 |
5.00 USD | 6/01/24 | 1 | 5 | 1,123 | 68 | (1,055 | ) | ||||||||||||||||||||
NAT GAS EURO OPT MAY24 |
5.00 USD | 5/01/24 | 1 | 5 | 1,123 | 41 | (1,082 | ) | ||||||||||||||||||||
NAT GAS EURO OPT OCT24 |
5.00 USD | 10/01/24 | 1 | 5 | 1,123 | 322 | (801 | ) | ||||||||||||||||||||
NAT GAS EURO OPT SEP24 |
5.00 USD | 9/01/24 | 1 | 5 | 1,123 | 212 | (911 | ) | ||||||||||||||||||||
CRUDE OIL FUT OPT DEC24 |
125.00 USD | 12/01/24 | 25 | 3,125 | 32,590 | 8,250 | (24,340 | ) | ||||||||||||||||||||
NAT GAS EURO OPT FEB24 |
3.55 USD | 1/26/24 | 30 | 107 | 30,088 | 7,080 | (23,008 | ) | ||||||||||||||||||||
CRUDE OIL FUT OPT DEC24 |
110.00 USD | 11/15/24 | 100 | 11,000 | 167,297 | 61,000 | (106,297 | ) | ||||||||||||||||||||
SILVER JUL24 |
30.00 USD | 6/25/24 | 40 | 1,200 | 308,103 | 101,000 | (207,103 | ) |
See Notes to Consolidated Schedule of Investments.
60
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Strike |
Expiration Date |
Contracts |
Notional |
Premium Paid |
Market Value |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
SILVER JUL24 |
70.00 USD | 6/25/24 | 40 | 2,800 | $ | 30,103 | $ | 3,800 | $ | (26,303 | ) | |||||||||||||||||
CBOE SPX VOLATILITY INDX MAR 24 |
25.00 USD | 3/20/24 | 4,350 | 108,750 | 818,316 | 417,600 | (400,716 | ) | ||||||||||||||||||||
NAT GAS EURO OPT JAN26 |
6.00 USD | 12/26/25 | 25 | 150 | 95,500 | 112,650 | 17,150 | |||||||||||||||||||||
NAT GAS EURO OPT FEB26 |
6.00 USD | 1/27/26 | 25 | 150 | 95,500 | 111,975 | 16,475 | |||||||||||||||||||||
NAT GAS EURO OPT MAR26 |
6.00 USD | 2/24/26 | 25 | 150 | 95,500 | 86,050 | (9,450 | ) | ||||||||||||||||||||
NAT GAS EURO OPT APR26 |
6.00 USD | 3/26/26 | 25 | 150 | 95,500 | 35,625 | (59,875 | ) | ||||||||||||||||||||
NAT GAS EURO OPT MAY26 |
6.00 USD | 4/27/26 | 25 | 150 | 95,500 | 34,500 | (61,000 | ) | ||||||||||||||||||||
NAT GAS EURO OPT JUN26 |
6.00 USD | 5/26/26 | 25 | 150 | 95,500 | 38,825 | (56,675 | ) | ||||||||||||||||||||
NAT GAS EURO OPT JUL26 |
6.00 USD | 6/25/26 | 25 | 150 | 95,500 | 45,350 | (50,150 | ) | ||||||||||||||||||||
NAT GAS EURO OPT AUG26 |
6.00 USD | 7/28/26 | 25 | 150 | 95,500 | 48,025 | (47,475 | ) | ||||||||||||||||||||
NAT GAS EURO OPT SEP26 |
6.00 USD | 8/26/26 | 25 | 150 | 95,500 | 47,875 | (47,625 | ) | ||||||||||||||||||||
NAT GAS EURO OPT OCT26 |
6.00 USD | 9/25/26 | 25 | 150 | 95,500 | 52,425 | (43,075 | ) | ||||||||||||||||||||
NAT GAS EURO OPT NOV26 |
6.00 USD | 10/27/26 | 25 | 150 | 95,500 | 70,925 | (24,575 | ) | ||||||||||||||||||||
NAT GAS EURO OPT DEC26 |
6.00 USD | 11/24/26 | 25 | 150 | 95,500 | 107,775 | 12,275 | |||||||||||||||||||||
BRENT CRUDE MAR24 |
90.00 USD | 1/26/24 | 77 | 6,930 | 208,560 | 16,940 | (191,620 | ) | ||||||||||||||||||||
BRENT CRUDE MAR24 |
110.00 USD | 1/26/24 | 70 | 7,700 | 56,300 | 3,500 | (52,800 | ) | ||||||||||||||||||||
CBOE SPX VOLATILITY INDX MAR 24 |
20.00 USD | 3/20/24 | 1,740 | 34,800 | 491,603 | 261,000 | (230,603 | ) | ||||||||||||||||||||
CBOE SPX VOLATILITY INDX MAR 24 |
21.00 USD | 3/20/24 | 1,740 | 36,540 | 521,183 | 229,680 | (291,503 | ) | ||||||||||||||||||||
CBOE SPX VOLATILITY INDX JUN 24 |
22.00 USD | 6/18/24 | 1,740 | 38,280 | 589,045 | 366,270 | (222,775 | ) | ||||||||||||||||||||
SILVER DEC24 |
30.00 USD | 11/25/24 | 40 | 1,200 | 200,103 | 242,800 | 42,697 | |||||||||||||||||||||
SILVER DEC24 |
60.00 USD | 11/25/24 | 40 | 2,400 | 28,103 | 26,400 | (1,703 | ) | ||||||||||||||||||||
LME Copper 3Mo Call |
9,000.00 USD | 12/04/24 | 160 | 1,440,000 | 1,948,371 | 2,231,480 | 283,109 | |||||||||||||||||||||
NAT GAS EURO OPT FEB24 |
4.50 USD | 1/26/24 | 60 | 270 | 127,714 | 3,600 | (124,114 | ) | ||||||||||||||||||||
NAT GAS EURO OPT MAR24 |
4.50 USD | 2/26/24 | 3 | 14 | 399 | 258 | (141 | ) | ||||||||||||||||||||
COMEX GOLD FEB 24 |
2,050.00 USD | 1/25/24 | 100 | 205,000 | 307,277 | 407,000 | 99,723 | |||||||||||||||||||||
NAT GAS EURO OPT MAR24 |
4.00 USD | 2/26/24 | 16 | 40 | 2,958 | 2,480 | (478 | ) | ||||||||||||||||||||
NAT GAS EURO OPT FEB24 |
5.00 USD | 1/26/24 | 20 | 100 | 3,117 | 660 | (2,457 | ) | ||||||||||||||||||||
CBOE SPX VOLATILITY INDX MAR 24 |
45.00 USD | 3/20/24 | 1,305 | 58,725 | 68,103 | 40,455 | (27,648 | ) | ||||||||||||||||||||
NAT GAS EURO OPT OCT24 |
4.25 USD | 9/25/24 | 16 | 68 | 29,246 | 11,168 | (18,078 | ) | ||||||||||||||||||||
NAT GAS EURO OPT FEB24 |
3.15 USD | 1/26/24 | 133 | 419 | 177,288 | 67,431 | (109,857 | ) | ||||||||||||||||||||
LME Copper 3Mo Call |
8,750.00 USD | 1/03/24 | 65 | 568,750 | 102,556 | 25,789 | (76,767 | ) | ||||||||||||||||||||
NAT GAS EURO OPT FEB24 |
4.00 USD | 1/26/24 | 15 | 60 | 1,960 | 1,710 | (250 | ) | ||||||||||||||||||||
NAT GAS EURO OPT DEC24 |
4.25 USD | 11/25/24 | 16 | 68 | 29,246 | 54,608 | 25,362 | |||||||||||||||||||||
NAT GAS EURO OPT NOV24 |
4.25 USD | 11/28/24 | 16 | 68 | 29,246 | 26,896 | (2,350 | ) | ||||||||||||||||||||
NAT GAS EURO OPT FEB24 |
2.70 USD | 1/26/24 | 99 | 267 | 96,319 | 131,967 | 35,648 | |||||||||||||||||||||
NAT GAS EURO OPT FEB24 |
3.00 USD | 1/26/24 | 34 | 102 | 31,299 | 23,562 | (7,737 | ) | ||||||||||||||||||||
iShares iBoxx $ Investment Grade Corporate Bond ETF |
115.00 USD | 1/19/24 | 2,798 | 321,770 | 50,418 | 11,192 | (39,226 | ) | ||||||||||||||||||||
Invesco S&P 500 Equal Weight ETF |
160.00 USD | 1/19/24 | 2,666 | 426,560 | 381,289 | 306,590 | (74,699 | ) | ||||||||||||||||||||
NAT GAS EURO OPT JAN26 |
4.50 USD | 12/26/25 | 25 | 112 | 118,250 | 194,000 | 75,750 | |||||||||||||||||||||
NAT GAS EURO OPT FEB26 |
4.50 USD | 1/27/26 | 25 | 112 | 118,250 | 186,850 | 68,600 | |||||||||||||||||||||
NAT GAS EURO OPT MAR26 |
4.50 USD | 2/24/26 | 25 | 112 | 118,250 | 140,675 | 22,425 | |||||||||||||||||||||
NAT GAS EURO OPT APR26 |
4.50 USD | 3/20/26 | 25 | 112 | 118,250 | 74,225 | (44,025 | ) |
See Notes to Consolidated Schedule of Investments.
61
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Strike |
Expiration Date |
Contracts |
Notional |
Premium Paid |
Market Value |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
NAT GAS EURO OPT MAY26 |
4.50 USD | 4/27/26 | 25 | 112 | $ | 118,250 | $ | 72,100 | $ | (46,150 | ) | |||||||||||||||||
NAT GAS EURO OPT JUN26 |
4.50 USD | 5/26/26 | 25 | 112 | 118,250 | 82,725 | (35,525 | ) | ||||||||||||||||||||
NAT GAS EURO OPT JUL26 |
4.50 USD | 6/25/26 | 25 | 112 | 118,250 | 96,900 | (21,350 | ) | ||||||||||||||||||||
NAT GAS EURO OPT AUG26 |
4.50 USD | 7/28/26 | 25 | 113 | 118,250 | 101,675 | (16,575 | ) | ||||||||||||||||||||
NAT GAS EURO OPT SEP26 |
4.50 USD | 8/26/26 | 25 | 113 | 118,250 | 100,200 | (18,050 | ) | ||||||||||||||||||||
NAT GAS EURO OPT OCT26 |
4.50 USD | 9/25/26 | 25 | 113 | 118,250 | 108,450 | (9,800 | ) | ||||||||||||||||||||
NAT GAS EURO OPT NOV26 |
4.50 USD | 10/27/26 | 25 | 113 | 118,250 | 143,700 | 25,450 | |||||||||||||||||||||
NAT GAS EURO OPT DEC26 |
4.50 USD | 11/24/26 | 25 | 113 | 118,250 | 202,775 | 84,525 | |||||||||||||||||||||
NAT GAS EURO OPT FEB24 |
2.50 USD | 1/26/24 | 34 | 85 | 60,619 | 69,904 | 9,285 | |||||||||||||||||||||
NAT GAS EURO OPT FEB24 |
3.50 USD | 1/26/24 | 2 | 0 | 506 | 516 | 10 | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
$ | 9,502,186 | $ | 7,459,785 | $ | (2,042,401 | ) | ||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
Exchange-Traded Put Options 0.1% |
|
|||||||||||||||||||||||||||
NAT GAS EURO OPT APR24 |
2.75 USD | 4/01/24 | 2 | 5 | 4,655 | 10,978 | 6,323 | |||||||||||||||||||||
NAT GAS EURO OPT AUG24 |
2.75 USD | 8/01/24 | 2 | 5 | 4,655 | 7,750 | 3,095 | |||||||||||||||||||||
NAT GAS EURO OPT JUL24 |
2.75 USD | 7/01/24 | 2 | 5 | 4,655 | 7,760 | 3,105 | |||||||||||||||||||||
NAT GAS EURO OPT JAN24 |
2.75 USD | 6/01/24 | 2 | 6 | 4,655 | 8,886 | 4,231 | |||||||||||||||||||||
NAT GAS EURO OPT MAY24 |
2.75 USD | 5/01/24 | 2 | 6 | 4,655 | 10,448 | 5,793 | |||||||||||||||||||||
NAT GAS EURO OPT OCT24 |
2.75 USD | 10/01/24 | 2 | 6 | 4,655 | 8,420 | 3,765 | |||||||||||||||||||||
NAT GAS EURO OPT SEP24 |
2.75 USD | 9/01/24 | 2 | 6 | 4,655 | 8,518 | 3,863 | |||||||||||||||||||||
NAT GAS EURO OPT APR24 |
2.00 USD | 3/25/24 | 170 | 340 | 231,787 | 220,320 | (11,467 | ) | ||||||||||||||||||||
NAT GAS EURO OPT MAY24 |
2.00 USD | 4/25/24 | 109 | 218 | 138,968 | 153,472 | 14,504 | |||||||||||||||||||||
CRUDE OIL FUT OPT DEC24 |
46.00 USD | 12/01/24 | 25 | 1,150 | 85,091 | 36,250 | (48,841 | ) | ||||||||||||||||||||
NAT GAS EURO OPT MAR24 |
3.25 USD | 2/26/24 | 75 | 244 | 411,969 | 721,725 | 309,756 | |||||||||||||||||||||
CRUDE OIL FUT OPT DEC24 |
43.00 USD | 11/15/24 | 100 | 4,300 | 310,297 | 110,000 | (200,297 | ) | ||||||||||||||||||||
NAT GAS EURO OPT MAR24 |
3.15 USD | 2/26/24 | 5 | 16 | 26,565 | 43,605 | 17,040 | |||||||||||||||||||||
PJM WH RT 336 FEB 24 |
40.00 USD | 1/30/24 | 100 | 4,000 | 21,840 | 15,120 | (6,720 | ) | ||||||||||||||||||||
NAT GAS EURO OPT MAR24 |
2.00 USD | 2/26/24 | 80 | 160 | 60,434 | 83,440 | 23,006 | |||||||||||||||||||||
LME Copper 3Mo Call |
7,500.00 USD | 12/04/24 | 160 | 1,200,000 | 1,305,771 | 917,000 | (388,771 | ) | ||||||||||||||||||||
NAT GAS EURO OPT MAR24 |
2.50 USD | 2/26/24 | 50 | 125 | 108,156 | 176,300 | 68,144 | |||||||||||||||||||||
3 MONTH SOFR JUN 24 |
95.50 USD | 6/14/24 | 425 | 40,587 | 357,115 | 305,469 | (51,646 | ) | ||||||||||||||||||||
CRUDE OIL FUT OPY MAR 24 |
73.00 USD | 2/14/24 | 26 | 1,898 | 65,046 | 105,820 | 40,774 | |||||||||||||||||||||
E-Mini S&P 500 Index |
4,770.00 USD | 1/08/24 | 261 | 1,244,970 | 134,073 | 140,287 | 6,214 | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
$ | 3,289,697 | $ | 3,091,568 | $ | (198,129 | ) | ||||||||||||||||||||||
|
|
Counterparty |
Strike |
Expiration Date |
Contracts |
Notional |
Premium Paid |
Market |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||||||
OTC Call Options 0.0% |
| |||||||||||||||||||||||||||||
LME Nickel 3Mo Call |
Morgan Stanley Capital Services LLC | 4,000.00 USD | 12/04/24 | 1,260 | 5,040,000 | $ 2,431,800 | $ 20,574 | $ (2,411,226 | ) | |||||||||||||||||||||
LME Copper 3Mo Call |
Morgan Stanley Capital Services LLC | 16,500.00 USD | 12/04/24 | 7,500 | 123,750,000 | 2,430,000 | 84,410 | (2,345,590 | ) |
See Notes to Consolidated Schedule of Investments.
62
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Counterparty |
Strike |
Expiration Date |
Contracts |
Notional Amount |
Premium Paid |
Market |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||||||
USD CNH FX Option Call 7.39 1/31/24 |
Citibank N.A. | 7.39 USD | 1/31/24 | 2,610,000 | 19,287,900 | $ | 234,900 | $ | 49,379 | $ | (185,521 | ) | ||||||||||||||||||
Buy CMS Cap on USD ICE Swap Rate Swaption .005 1/10/24 |
Morgan Stanley & Co. LLC | 0.50 USD | 1/10/24 | 2,930,400,000 | 0 | 3,080,000 | 0 | (3,080,000 | ) | |||||||||||||||||||||
Dual Digital Option S&P 500 Index 3944.4 & SOFR 2y 4.409% |
Deutsche Bank AG | 3,944.60 USD | 6/21/24 | 10,800,000 | 42,601,680,000 | 1,096,200 | 73,705 | (1,022,495 | ) | |||||||||||||||||||||
Dual Digital Option S&P 500 Index 3858.8 & SOFR 5y 3.903% |
Deutsche Bank AG | 3,858.80 USD | 9/20/24 | 10,800,000 | 41,675,040,000 | 1,036,800 | 138,063 | (898,737 | ) | |||||||||||||||||||||
JPY CNH FX Option Call 19.25 1/23/24 |
Bank of America N. A. | 19.25 JPY | 1/23/24 | 295,750,000 | 5,693,187,500 | 276,300 | 301,468 | 25,168 | ||||||||||||||||||||||
JPY CNH FX Option Call 18.65 4/23/24 |
Bank of America N. A. | 18.65 JPY | 4/23/24 | 295,750,000 | 5,515,737,500 | 276,301 | 340,459 | 64,158 | ||||||||||||||||||||||
JPY CNH FX Option Call 18.16 7/23/24 |
Bank of America N. A. | 18.16 JPY | 7/23/24 | 295,750,000 | 5,370,820,000 | 276,301 | 323,495 | 47,194 | ||||||||||||||||||||||
JPY CNH FX Option Call 17.67 10/23/24 |
Bank of America N. A. | 17.67 JPY | 10/23/24 | 295,750,000 | 5,225,902,500 | 276,300 | 290,723 | 14,423 | ||||||||||||||||||||||
EUR HUF FX Option Call 402 1/11/24 |
COEX Partners Limited | 402.00 EUR | 1/11/24 | 26,100,000 | 10,492,200,000 | 40,734 | 5,915 | (34,819 | ) | |||||||||||||||||||||
USD CNH FX Option Call 7.15 1/11/24 |
Nomura Securities International, Inc. | 7.15 USD | 1/11/24 | 34,800,000 | 248,820,000 | 58,464 | 98,216 | 39,752 | ||||||||||||||||||||||
CDX41 Swaption Call 52.5 2/21/24 |
Morgan Stanley & Co. LLC | 52.50 USD | 2/21/24 | 725,980,000 | 38,113,950,000 | 362,990 | 246,980 | (116,010 | ) | |||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||
$ | 11,877,090 | $ | 1,973,387 | $ | (9,903,703 | ) | ||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||
OTC Put Options 0.2% |
|
|||||||||||||||||||||||||||||
FTSE 100 INDEX JAN 24 |
Bank of America N. A. | 7,078.00 GBP | 1/19/24 | 4,671 | 33,061,338 | 141,666 | 6,036 | (135,630 | ) | |||||||||||||||||||||
FTSE 100 INDEX JAN 24 |
Citibank N.A. | 7,085.00 GBP | 1/19/24 | 5,832 | 41,319,720 | 182,335 | 7,726 | (174,609 | ) | |||||||||||||||||||||
USD ILS FX Option Put 3.541 7/22/24 |
Bank of America N. A. | 3.54 USD | 7/22/24 | 2,730,000 | 9,666,930 | 273,000 | 1,179,400 | 906,400 |
See Notes to Consolidated Schedule of Investments.
63
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Counterparty |
Strike |
Expiration Date |
Contracts |
Notional |
Premium Paid |
Market |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||||||
USD ILS FX Option Put 3.466 10/22/24 |
Bank of America N. A. | 3.47 USD | 10/22/24 | 2,730,000 | 9,462,180 | $ | 273,000 | $ | 944,319 | $ | 671,319 | |||||||||||||||||||
DJ EURO STOXX 50 MAR 24 |
Morgan Stanley & Co. LLC | 3,617.55 EUR | 3/15/24 | 10,821 | 39,145,509 | 199,431 | 14,477 | (184,954 | ) | |||||||||||||||||||||
GBP USD FX Option Put 1.17 1/18/24 |
Goldman Sachs International | 1.17 GBP | 1/18/24 | 4,350,000 | 5,089,500 | 234,613 | 399 | (234,214 | ) | |||||||||||||||||||||
USD ILS FX Option Put 3.4275 10/31/24 |
Bank of America N. A. | 3.43 USD | 10/31/24 | 2,910,000 | 9,974,025 | 291,000 | 850,391 | 559,391 | ||||||||||||||||||||||
JPY CNH FX Option Put 18.771 4/29/24 |
Deutsche Bank AG | 18.77 JPY | 4/29/24 | 315,250,000 | 5,917,557,750 | 291,176 | 439,946 | 148,770 | ||||||||||||||||||||||
JPY CNH FX Option Put 18.256 7/31/24 |
Deutsche Bank AG | 18.26 JPY | 7/31/24 | 315,250,000 | 5,755,204,000 | 291,176 | 388,995 | 97,819 | ||||||||||||||||||||||
JPY CNH FX Option Put 17.7735 10/31/24 |
Deutsche Bank AG | 17.77 JPY | 10/31/24 | 315,250,000 | 5,603,095,875 | 291,176 | 346,374 | 55,198 | ||||||||||||||||||||||
JPY CNH FX Option Put 19.421 1/31/24 |
Deutsche Bank AG | 19.42 JPY | 1/31/24 | 315,250,000 | 6,122,470,250 | 291,176 | 576,852 | 285,676 | ||||||||||||||||||||||
USD ILS FX Option Put 3.5045 7/31/24 |
Bank of America N. A. | 3.50 USD | 7/31/24 | 2,910,000 | 10,198,095 | 291,000 | 1,070,558 | 779,558 | ||||||||||||||||||||||
Dual Digital Option USD/BRL 4.9 Put & USD/CNH 7.25 Call 2024 |
Citibank N.A. | 4.90 USD | 5/09/24 | 2,610,000 | 12,789,000 | 234,899 | 54,865 | (180,034 | ) | |||||||||||||||||||||
S&P 500 INDEX MAR24 |
Citibank N.A. | 4,043.57 USD | 3/15/24 | 19,364 | 78,299,689 | 204,484 | 45,053 | (159,431 | ) | |||||||||||||||||||||
S&P 500 INDEX MAR24 |
J.P. Morgan Securities LLC | 4,056.93 USD | 3/15/24 | 9,651 | 39,153,431 | 87,004 | 23,601 | (63,403 | ) | |||||||||||||||||||||
Swaption Call 3.5% 11/18/2025 |
Barclays Bank PLC | 3.50 EUR | 11/13/24 | 1,115,500,000 | 3,904,250,000 | 2,267,706 | 537,791 | (1,729,915 | ) | |||||||||||||||||||||
Swaption Call 3.5% 5/31/2025 |
Barclays Bank PLC | 3.50 EUR | 5/29/24 | 756,600,000 | 2,648,100,000 | 1,012,911 | 234,665 | (778,246 | ) | |||||||||||||||||||||
USD TRY FX Option Put 38.925 12/6/24 |
Deutsche Bank AG | 38.93 USD | 12/06/24 | 22,310,000 | 868,416,750 | 2,199,766 | 1,624,922 | (574,844 | ) |
See Notes to Consolidated Schedule of Investments.
64
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Counterparty |
Strike | Expiration Date |
Contracts | Notional Amount |
Premium Paid |
Market Value |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||||||
USD BRL FX Option Put 4.83 1/18/24 |
Deutsche Bank AG | 4.83 USD | 1/18/24 | 21,750,000 | 105,052,500 | $ | 112,621 | $ | 170,894 | $ | 58,273 | |||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||
$ | 9,170,140 | $ | 8,517,264 | $ | (652,876 | ) | ||||||||||||||||||||||||
|
|
|
|
|
|
|||||||||||||||||||||||||
Total Purchased Options Outstanding |
|
$ | 33,839,113 | $ | 21,042,004 | $ | (12,797,109 | ) | ||||||||||||||||||||||
|
|
|
|
|
|
Security Description |
Shares | Value | ||||||||||
REPURCHASE AGREEMENTS (p) 1.8% |
||||||||||||
Barclays Capital, Inc., 3.25%, dated 06/01/2023, due On Demand (collateralized by Egypt International Bond, 5.88% due 06/11/2025, market value $592,337) (q) |
519,836 | $ | 519,836 | |||||||||
Barclays Capital, Inc., 5.00%, dated 06/09/2023, due On Demand (collateralized by Dominican Republic International Bond, 6.00% due 02/07/2033, market value $4,062,140) (q) |
4,038,322 | 4,038,322 | ||||||||||
Barclays Capital, Inc., 4.95%, dated 06/27/2023, due On Demand (collateralized by Peru International Bond, 5.63% due 11/18/2050, market value $1,697,961) (q) |
1,732,870 | 1,732,870 | ||||||||||
Barclays Capital, Inc., 2.25%, dated 09/08/2023, due On Demand (collateralized by Alibaba Group Holding Limited, 2.13% due 02/09/2031, market value $1,142,151) (q) |
1,127,622 | 1,127,622 | ||||||||||
Barclays Capital, Inc., 5.15%, dated 09/18/2023, due On Demand (collateralized by Turkey Government Bond, 6.00% due 01/14/2041, market value $208,496) (q) |
190,875 | 190,875 | ||||||||||
Merrill Lynch, Pierce, Fenner & Smith, Inc., 5.40%, dated 10/11/2023, due 01/16/2024 (collateralized by US Treasury Notes, 1.38% due 07/15/2033, market value $1,454,127) |
1,396,875 | 1,396,875 | ||||||||||
Barclays Capital, Inc., 4.95%, dated 10/12/2023, due On Demand (collateralized by Israel International Bond, 4.50% due 01/17/2033, market value $2,664,517) (q) |
2,638,807 | 2,638,807 | ||||||||||
Barclays Capital, Inc., 5.10%, dated 10/13/2023, due On Demand (collateralized by Saudi Arabia International Bond, 5.00% due 01/18/2053, market value $1,991,829) (q) |
1,776,712 | 1,776,712 | ||||||||||
Barclays Capital, Inc., 5.05%, dated 10/13/2023, due On Demand (collateralized by Ecopetrol S.A., 8.88% due 01/13/2033, market value $1,563,446) (q) |
1,462,605 | 1,462,605 | ||||||||||
Citigroup Global Markets Limited, 4.90%, dated 10/16/2023, due On Demand (collateralized by Ecopetrol S.A., 8.88% due 01/13/2033, market value $469,360) (q) |
448,027 | 448,027 | ||||||||||
Barclays Capital, Inc., 4.90%, dated 10/18/2023, due On Demand (collateralized by Israel International Bond, 4.50% due 01/17/2033, market value $1,365,956) (q) |
1,328,321 | 1,328,321 | ||||||||||
Barclays Capital, Inc., 4.90%, dated 10/18/2023, due On Demand (collateralized by Israel International Bond, 4.50% due 01/17/2033, market value $1,502,647) (q) |
1,458,310 | 1,458,310 | ||||||||||
Barclays Capital, Inc., 5.05%, dated 10/19/2023, due On Demand (collateralized by Ecopetrol S.A., 8.88% due 01/13/2033, market value $625,813) (q) |
580,406 | 580,406 | ||||||||||
Barclays Capital, Inc., 5.1%, dated 10/23/2023, due On Demand (collateralized by Saudi Arabia International Bond, 5.00% due 01/18/2053, market value $2,031,364) (q) |
1,733,515 | 1,733,515 | ||||||||||
Merrill Lynch, Pierce, Fenner & Smith, Inc., 5.10%, dated 11/01/2023, due 01/16/2024 (collateralized by US Treasury Notes, 1.38% due 07/15/2033, market value $581,651) |
556,021 | 556,021 | ||||||||||
Barclays Capital, Inc., 5.05%, dated 11/02/2023, due On Demand (collateralized by Mexican International Bond, 6.34% due 05/04/2053, market value $3,524,386) (q) |
3,271,357 | 3,271,357 | ||||||||||
Barclays Capital, Inc., 5.05%, dated 11/06/2023, due On Demand (collateralized by Mexican International Bond, 6.34% due 05/04/2053, market value $896,876) (q) |
826,759 | 826,759 | ||||||||||
Barclays Capital, Inc., 4.60%, dated 11/13/2023, due On Demand (collateralized by Israel International Bond, 4.50% due 01/17/2033, market value $1,358,362) (q) |
1,330,959 | 1,330,959 | ||||||||||
Barclays Capital, Inc., 4.00%, dated 11/17/2023, due On Demand (collateralized by Petroleos Mexicanos Bond, 10.00% due 02/07/2033, market value $6,313,479) (q) |
6,075,736 | 6,075,736 | ||||||||||
Barclays Capital, Inc., 5.10%, dated 11/22/2023, due On Demand (collateralized by Turkey Government Bond, 6.75% due 05/30/2040, market value $649,650) (q) |
614,363 | 614,363 | ||||||||||
Barclays Capital, Inc., 5.00%, dated 12/06/2023, due On Demand (collateralized by America Movil SAB de CV, 6.38% due 03/01/2035, market value $888,094) (q) |
895,758 | 895,758 |
See Notes to Consolidated Schedule of Investments.
65
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Barclays Capital, Inc., 5.05%, dated 12/07/2023, due On Demand (collateralized by GACI First Investment, 4.75% due 02/14/2030, market value $2,887,386) (q) |
2,988,152 | $ | 2,988,152 | |||||||
Barclays Capital, Inc., 4.35%, dated 12/07/2023, due On Demand (collateralized by Turkey Government Bond, 7.38% due 02/05/2025, market value $1,578,562) (q) |
1,690,006 | 1,690,006 | ||||||||
Barclays Capital, Inc., 4.40%, dated 12/07/2023, due On Demand (collateralized by eHi Car Services Ltd, 7.75% due 11/14/2024, market value $373,462) (q) |
385,068 | 385,068 | ||||||||
Barclays Capital, Inc., 5.00%, dated 12/07/2023, due On Demand (collateralized by CSN Resources SA, 8.88% due 12/05/2030, market value $834,658) (q) |
825,360 | 825,360 | ||||||||
Barclays Capital, Inc., 2.25%, dated 12/11/2023, due On Demand (collateralized by Alibaba Group Holding Limited, 2.13% due 02/09/2031, market value $1,006,220) (q) |
1,018,855 | 1,018,855 | ||||||||
Barclays Capital, Inc., 3.25%, dated 12/11/2023, due On Demand (collateralized by Egypt International Bond, 5.88% due 06/11/2025, market value $1,859,772) (q) |
1,884,701 | 1,884,701 | ||||||||
Barclays Capital, Inc., 2.25%, dated 12/11/2023, due On Demand (collateralized by Alibaba Group Holding Limited, 3.40% due 12/06/2027, market value $430,410) (q) |
436,260 | 436,260 | ||||||||
Barclays Capital, Inc., 5.00%, dated 12/11/2023, due On Demand (collateralized by Alibaba Group Holding Limited, 3.40% due 12/06/2027, market value $2,157,740) (q) |
2,187,065 | 2,187,065 | ||||||||
Barclays Capital, Inc., 4.95%, dated 12/11/2023, due On Demand (collateralized by Peru International Bond, 5.63% due 11/18/2050, market value $501,174) (q) |
489,311 | 489,311 | ||||||||
Barclays Capital, Inc., 5.00%, dated 12/11/2023, due On Demand (collateralized by Peru International Bond, 5.63% due 11/18/2050, market value $1,239,418) (q) |
1,210,080 | 1,210,080 | ||||||||
Barclays Capital, Inc., 4.95%, dated 12/11/2023, due On Demand (collateralized by Alibaba Group Holding Limited, 2.13% due 02/09/2031, market value $1,383,346) (q) |
1,400,716 | 1,400,716 | ||||||||
Barclays Capital, Inc., 5.00%, dated 12/11/2023, due On Demand (collateralized by Alibaba Group Holding Limited, 3.40% due 12/06/2027, market value $1,006,819) (q) |
1,020,502 | 1,020,502 | ||||||||
Barclays Capital, Inc., 5.00%, dated 12/13/2023, due On Demand (collateralized by CSN Resources SA, 8.88% due 12/05/2030, market value $668,977) (q) |
663,045 | 663,045 | ||||||||
Barclays Capital, Inc., 5.05%, dated 12/28/2023, due 01/03/2024 (collateralized by Brazilian International Bond, 3.75% due 09/12/2031, market value $2,032,896) |
2,115,606 | 2,115,606 | ||||||||
JPMorgan Chase Bank, N.A., 5.05%, dated 11/30/2023, due 01/04/2024 (collateralized by Dominican Republic International Bonds, 6.40% due 06/05/2049, market value $273,540) |
349,867 | 349,867 | ||||||||
JPMorgan Chase Bank, N.A., 2.25%, dated 12/06/2023, due 01/09/2024 (collateralized by Bank of China Bond, 2.13% due 12/03/2029, market value $1,725,000) |
1,777,897 | 1,777,897 | ||||||||
JPMorgan Chase Bank, N.A., 5.05%, dated 12/07/2023, due 01/09/2024 (collateralized by Argentina International bonds, 3.63% due 07/09/2035, market value $246,243) |
266,121 | 266,121 | ||||||||
JPMorgan Chase Bank, N.A., 5.00%, dated 11/03/2023, due 01/09/2024 (collateralized by Dominican Republic International Bond, 6.00% due 02/07/2033, market value $765,345) |
758,333 | 758,333 | ||||||||
JPMorgan Chase Bank, N.A., 4.00%, dated 10/30/2023, due 01/09/2024 (collateralized by Petroleos Mexicanos Bond, 10.00% due 02/07/2033, market value $1,171,729) |
1,121,237 | 1,121,237 | ||||||||
JPMorgan Chase Bank, N.A., 5.05%, dated 11/03/2023, due 01/09/2024 (collateralized by Saudi Arabia International Bond, 4.63% due 10/04/2047, market value $763,878) |
712,763 | 712,763 | ||||||||
JPMorgan Chase Bank, N.A., 5.15%, dated 11/28/2023, due 01/09/2024 (collateralized by Dominican Republic International Bonds, 5.95% due 01/25/2027, market value $583,193) |
610,180 | 610,180 | ||||||||
JPMorgan Chase Bank, N.A., 5.05%, dated 12/08/2023, due 01/09/2024 (collateralized by Argentina International bonds, 3.63% due 07/09/2035, market value $98,497) |
106,904 | 106,904 | ||||||||
JPMorgan Chase Bank, N.A., 4.75%, dated 10/06/2023, due 01/09/2024 (collateralized by Peru International Bond, 5.63% due 11/18/2050, market value $3,454,149) |
3,201,858 | 3,201,858 | ||||||||
JPMorgan Chase Bank, N.A., 4.80%, dated 11/03/2023, due 01/09/2024 (collateralized by Turkey Government Bond, 6.00% due 01/14/2041, market value $601,758) |
573,165 | 573,165 | ||||||||
JPMorgan Chase Bank, N.A., 4.70%, dated 10/17/2023, due 01/09/2024 (collateralized by GACI First Investment, 4.75% due 02/14/2030, market value $2,156,301) |
2,133,074 | 2,133,074 | ||||||||
JPMorgan Chase Bank, N.A., 4.00%, dated 10/11/2023, due 01/09/2024 (collateralized by Industrial and Commercial Bank of China Limited Bond, 3.20% due Perpectual Maturity, market value $4,746,032) |
4,884,557 | 4,884,557 |
See Notes to Consolidated Schedule of Investments.
66
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
JPMorgan Chase Bank, N.A., 4.70%, dated 11/03/2023, due 01/09/2024 (collateralized by Alibaba Group Holding Limited, 3.40% due 12/06/2027, market value $1,870,483) |
1,939,861 | $ | 1,939,861 | |||||||||
|
|
|
|
|||||||||
TOTAL REPURCHASE AGREEMENTS |
70,754,600 | 70,754,600 | ||||||||||
|
|
|
|
|||||||||
TOTAL INVESTMENTS IN SECURITIES 89.0% |
|
3,525,651,451 | ||||||||||
|
|
|||||||||||
TOTAL SECURITIES SOLD SHORT (18.8)% |
|
(745,264,198 | ) | |||||||||
|
|
|||||||||||
Other Assets and Liabilities (r) 29.8% |
|
1,182,457,031 | ||||||||||
|
|
|||||||||||
Net Assets 100.0% |
|
$ | 3,962,844,284 | |||||||||
|
|
|||||||||||
SECURITIES SOLD SHORT (18.8)% |
||||||||||||
COMMON STOCK (13.0)% |
||||||||||||
Africa 0.0% |
||||||||||||
Energy 0.0% |
||||||||||||
Kosmos Energy Ltd. (a) |
800 | (5,368 | ) | |||||||||
|
|
|||||||||||
Financial Services 0.0% |
||||||||||||
Lesaka Technologies, Inc. (a) |
300 | (972 | ) | |||||||||
|
|
|||||||||||
Materials 0.0% |
||||||||||||
Gold Fields Ltd.,ADR |
900 | (13,014 | ) | |||||||||
Caledonia Mining Corp. PLC |
100 | (1,220 | ) | |||||||||
|
|
|||||||||||
(14,234 | ) | |||||||||||
|
|
|||||||||||
Telecommunication Services 0.0% |
||||||||||||
IHS Holding Ltd. (a) |
200 | (920 | ) | |||||||||
|
|
|||||||||||
Total Africa |
(21,494 | ) | ||||||||||
|
|
|||||||||||
Asia (0.6)% |
||||||||||||
Automobiles & Components (0.1)% |
||||||||||||
NIO, Inc.,ADR (a) |
271,100 | (2,458,877 | ) | |||||||||
XPeng, Inc.,ADR (a) |
26,100 | (380,799 | ) | |||||||||
Honda Motor Co. Ltd.,ADR |
6,200 | (191,642 | ) | |||||||||
Toyota Motor Corp.,ADR |
3,500 | (641,830 | ) | |||||||||
Polestar Automotive Holding U.K. PLC,Class A, ADR (a) |
35,800 | (80,908 | ) | |||||||||
Niu Technologies,ADR (a) |
3,300 | (7,227 | ) | |||||||||
ECARX Holdings, Inc.,Class A (a) |
1,247 | (3,941 | ) | |||||||||
|
|
|||||||||||
(3,765,224 | ) | |||||||||||
|
|
|||||||||||
Banks 0.0% |
||||||||||||
HDFC Bank Ltd.,ADR |
14,200 | (952,962 | ) | |||||||||
KB Financial Group, Inc.,ADR |
800 | (33,096 | ) | |||||||||
Mitsubishi UFJ Financial Group, Inc.,ADR |
55,900 | (481,299 | ) | |||||||||
Shinhan Financial Group Co. Ltd.,ADR |
1,800 | (55,404 | ) | |||||||||
Sumitomo Mitsui Financial Group, Inc.,ADR |
37,300 | (361,064 | ) | |||||||||
Mizuho Financial Group, Inc.,ADR |
3,200 | (11,008 | ) | |||||||||
|
|
|||||||||||
(1,894,833 | ) | |||||||||||
|
|
|||||||||||
Capital Goods 0.0% |
||||||||||||
EHang Holdings Ltd.,ADR (a) |
11,200 | (188,160 | ) | |||||||||
Emeren Group Ltd.,ADR (a) |
5,400 | (14,742 | ) | |||||||||
|
|
|||||||||||
(202,902 | ) | |||||||||||
|
|
See Notes to Consolidated Schedule of Investments.
67
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Commercial & Professional Services 0.0% |
||||||||||
SOS Ltd.,ADR (a) |
1,804 | $ | (8,298 | ) | ||||||
|
|
|||||||||
Consumer Discretionary Distribution & Retail (0.3)% |
||||||||||
Coupang, Inc. (a) |
105,600 | (1,709,664 | ) | |||||||
Uxin Ltd.,ADR (a) |
1,880 | (1,318 | ) | |||||||
Boqii Holding Ltd.,ADR (a) |
99 | (60 | ) | |||||||
PDD Holdings, Inc.,ADR (a) |
60,100 | (8,793,231 | ) | |||||||
Kaixin Auto Holdings (a) |
126 | (111 | ) | |||||||
|
|
|||||||||
(10,504,384 | ) | |||||||||
|
|
|||||||||
Consumer Durables & Apparel 0.0% |
||||||||||
Sony Group Corp.,ADR |
5,900 | (558,671 | ) | |||||||
JX Luxventure Ltd. (a) |
100 | (135 | ) | |||||||
|
|
|||||||||
(558,806 | ) | |||||||||
|
|
|||||||||
Consumer Services 0.0% |
||||||||||
Gaotu Techedu, Inc.,ADR (a) |
31,700 | (114,754 | ) | |||||||
MEDIROM Healthcare Technologies, Inc.,ADR (a) |
100 | (520 | ) | |||||||
17 Education & Technology Group, Inc.,ADR (a) |
85 | (175 | ) | |||||||
Tarena International, Inc.,ADR (a) |
133 | (140 | ) | |||||||
Trip.com Group Ltd.,ADR (a) |
10,800 | (388,908 | ) | |||||||
Youdao, Inc.,ADR (a) |
2,600 | (10,244 | ) | |||||||
E-Home Household Service Holdings Ltd. (a) |
4,191 | (16,764 | ) | |||||||
|
|
|||||||||
(531,505 | ) | |||||||||
|
|
|||||||||
Consumer Staples Distribution 0.0% |
||||||||||
Dada Nexus Ltd.,ADR (a) |
4,400 | (14,608 | ) | |||||||
DingDong Cayman Ltd.,ADR (a) |
5,900 | (8,850 | ) | |||||||
|
|
|||||||||
(23,458 | ) | |||||||||
|
|
|||||||||
Financial Services 0.0% |
||||||||||
Futu Holdings Ltd.,ADR (a) |
1,500 | (81,945 | ) | |||||||
Jianpu Technology, Inc.,ADR (a) |
300 | (294 | ) | |||||||
ORIX Corp.,ADR |
100 | (9,339 | ) | |||||||
Qudian, Inc.,ADR (a) |
3,300 | (6,732 | ) | |||||||
Qifu Technology, Inc.,ADR |
600 | (9,492 | ) | |||||||
Future FinTech Group, Inc. (a) |
260 | (476 | ) | |||||||
Dragon Victory International (a) |
400 | (872 | ) | |||||||
Solowin Holdings (a) |
389 | (1,113 | ) | |||||||
|
|
|||||||||
(110,263 | ) | |||||||||
|
|
|||||||||
Food, Beverage & Tobacco 0.0% |
||||||||||
Origin Agritech Ltd. (a) |
300 | (675 | ) | |||||||
RLX Technology, Inc.,ADR |
117,300 | (234,600 | ) | |||||||
TDH Holdings, Inc. (a) |
560 | (644 | ) | |||||||
Farmmi, Inc. (a) |
7 | (9 | ) | |||||||
|
|
|||||||||
(235,928 | ) | |||||||||
|
|
|||||||||
Health Care Equipment & Services 0.0% |
||||||||||
Aesthetic Medical International Holdings Group Ltd.,ADR (a) |
300 | (207 | ) | |||||||
|
|
|||||||||
Household & Personal Products 0.0% |
||||||||||
Yatsen Holding Ltd.,ADR (a) |
16,200 | (11,852 | ) | |||||||
|
|
|||||||||
Insurance 0.0% |
||||||||||
Huize Holding Ltd.,ADR (a) |
300 | (270 | ) | |||||||
|
|
|||||||||
Materials 0.0% |
||||||||||
ZK International Group Co. Ltd. (a) |
1,100 | (1,089 | ) |
See Notes to Consolidated Schedule of Investments.
68
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
POSCO Holdings, Inc.,ADR |
2,600 | $ | (247,286 | ) | ||||||
|
|
|||||||||
(248,375 | ) | |||||||||
|
|
|||||||||
Media & Entertainment (0.1)% |
||||||||||
iQIYI, Inc.,ADR (a) |
8,500 | (41,480 | ) | |||||||
NetEase, Inc.,ADR |
11,600 | (1,080,656 | ) | |||||||
So-Young International, Inc.,ADR (a) |
200 | (252 | ) | |||||||
Sohu.com Ltd.,ADR (a) |
500 | (4,965 | ) | |||||||
WiMi Hologram Cloud, Inc.,ADR (a) |
3,900 | (3,159 | ) | |||||||
Zhihu, Inc.,ADR (a) |
28,900 | (27,062 | ) | |||||||
Pop Culture Group Co. Ltd.,Class A (a) |
60 | (64 | ) | |||||||
iClick Interactive Asia Group Ltd.,ADR (a) |
250 | (958 | ) | |||||||
Sea Ltd.,ADR (a) |
54,900 | (2,223,450 | ) | |||||||
Abits Group, Inc. (a) |
200 | (228 | ) | |||||||
Bilibili, Inc.,ADR (a) |
74,200 | (903,014 | ) | |||||||
Grindr, Inc. (a) |
200 | (1,756 | ) | |||||||
Tencent Music Entertainment Group,ADR (a) |
6,600 | (59,466 | ) | |||||||
|
|
|||||||||
(4,346,510 | ) | |||||||||
|
|
|||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% |
||||||||||
BeiGene Ltd.,ADR (a) |
3,100 | (559,116 | ) | |||||||
HUTCHMED China Ltd.,ADR (a) |
900 | (16,299 | ) | |||||||
Takeda Pharmaceutical Co. Ltd.,ADR |
35,000 | (499,450 | ) | |||||||
Fresh2 Group Ltd.,ADR (a) |
195 | (174 | ) | |||||||
Zai Lab Ltd.,ADR (a) |
3,200 | (87,456 | ) | |||||||
QILIAN INTERNATIONAL HOLDING (a) |
300 | (220 | ) | |||||||
|
|
|||||||||
(1,162,715 | ) | |||||||||
|
|
|||||||||
Real Estate Management & Development (0.1)% |
||||||||||
KE Holdings, Inc.,ADR (a) |
90,600 | (1,468,626 | ) | |||||||
|
|
|||||||||
Semiconductors & Semiconductor Equipment 0.0% |
||||||||||
Taiwan Semiconductor Manufacturing Co. Ltd.,ADR |
5,900 | (613,600 | ) | |||||||
Daqo New Energy Corp.,ADR (a) |
17,500 | (465,500 | ) | |||||||
JinkoSolar Holding Co. Ltd.,ADR |
10,000 | (369,400 | ) | |||||||
indie Semiconductor, Inc.,Class A (a) |
23,200 | (188,152 | ) | |||||||
Advantest Corp. (c) |
26,800 | (911,770 | ) | |||||||
|
|
|||||||||
(2,548,422 | ) | |||||||||
|
|
|||||||||
Software & Services 0.0% |
||||||||||
Datasea, Inc. (a) |
500 | (117 | ) | |||||||
GDS Holdings Ltd.,ADR (a) |
11,600 | (105,792 | ) | |||||||
Link Motion, Inc.,ADR (a),(b) |
11,000 | 0 | ||||||||
Tuya, Inc.,ADR (a) |
800 | (1,840 | ) | |||||||
Vnet Group, Inc.,ADR (a) |
31,600 | (90,692 | ) | |||||||
BIT Mining Ltd.,ADR (a) |
50 | (252 | ) | |||||||
Kingsoft Cloud Holdings Ltd.,ADR (a) |
21,000 | (79,380 | ) | |||||||
OneConnect Financial Technology Co. Ltd.,ADR (a) |
252 | (814 | ) | |||||||
Bit Digital, Inc. (a) |
15,400 | (65,142 | ) | |||||||
BTC Digital Ltd. (a) |
36 | (174 | ) | |||||||
Powerbridge Technologies Co. Ltd. (a) |
600 | (900 | ) | |||||||
The9 Ltd.,ADR (a) |
430 | (3,221 | ) | |||||||
|
|
|||||||||
(348,324 | ) | |||||||||
|
|
|||||||||
Technology Hardware & Equipment 0.0% |
||||||||||
Canaan, Inc.,ADR (a) |
60,900 | (140,679 | ) | |||||||
Ebang International Holdings, Inc.,Class A (a) |
73 | (1,117 | ) |
See Notes to Consolidated Schedule of Investments.
69
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
Fabrinet (a) |
800 | $ | (152,264 | ) | ||||||||
|
|
|||||||||||
(294,060 | ) | |||||||||||
|
|
|||||||||||
Telecommunication Services 0.0% |
||||||||||||
Chunghwa Telecom Co. Ltd.,ADR |
1,200 | (46,884 | ) | |||||||||
KT Corp.,ADR |
1,100 | (14,784 | ) | |||||||||
Telkom Indonesia Persero Tbk. PT,ADR |
2,600 | (66,976 | ) | |||||||||
Sify Technologies Ltd.,ADR (a) |
500 | (935 | ) | |||||||||
SK Telecom Co. Ltd.,ADR |
100 | (2,140 | ) | |||||||||
FingerMotion, Inc. (a) |
500 | (2,010 | ) | |||||||||
|
|
|||||||||||
(133,729 | ) | |||||||||||
|
|
|||||||||||
Transportation 0.0% |
||||||||||||
Full Truck Alliance Co. Ltd.,ADR (a) |
94,600 | (663,146 | ) | |||||||||
Grab Holdings Ltd.,Class A (a) |
94,100 | (317,117 | ) | |||||||||
Grindrod Shipping Holdings Ltd. |
500 | (4,500 | ) | |||||||||
BEST, Inc.,ADR (a) |
15 | (38 | ) | |||||||||
|
|
|||||||||||
(984,801 | ) | |||||||||||
|
|
|||||||||||
Utilities 0.0% |
||||||||||||
Korea Electric Power Corp.,ADR |
2,900 | (21,025 | ) | |||||||||
ReNew Energy Global PLC,Class A (a) |
12,700 | (97,282 | ) | |||||||||
|
|
|||||||||||
(118,307 | ) | |||||||||||
|
|
|||||||||||
Total Asia |
(29,501,799 | ) | ||||||||||
|
|
|||||||||||
Europe (0.6)% |
||||||||||||
Banks (0.1)% |
||||||||||||
HSBC Holdings PLC,ADR |
34,300 | (1,390,522 | ) | |||||||||
Lloyds Banking Group PLC,ADR |
36,300 | (86,757 | ) | |||||||||
ING Groep NV,ADR |
900 | (13,518 | ) | |||||||||
NatWest Group PLC,ADR |
700 | (3,941 | ) | |||||||||
|
|
|||||||||||
(1,494,738 | ) | |||||||||||
|
|
|||||||||||
Capital Goods 0.0% |
||||||||||||
Wallbox NV (a) |
16,400 | (28,700 | ) | |||||||||
|
|
|||||||||||
Commercial & Professional Services 0.0% |
||||||||||||
RELX PLC,ADR |
6,700 | (265,722 | ) | |||||||||
Cimpress PLC (a) |
900 | (72,045 | ) | |||||||||
Rentokil Initial PLC,ADR |
1,900 | (54,359 | ) | |||||||||
|
|
|||||||||||
(392,126 | ) | |||||||||||
|
|
|||||||||||
Consumer Discretionary Distribution & Retail 0.0% |
||||||||||||
MYT Netherlands Parent BV,ADR (a) |
900 | (2,871 | ) | |||||||||
Jumia Technologies AG,ADR (a) |
29,000 | (102,370 | ) | |||||||||
|
|
|||||||||||
(105,241 | ) | |||||||||||
|
|
|||||||||||
Consumer Durables & Apparel (0.1)% |
||||||||||||
On Holding AG,Class A (a) |
62,700 | (1,691,019 | ) | |||||||||
Connexa Sports Technologies, Inc. (a) |
35 | (7 | ) | |||||||||
Birkenstock Holding plc (a) |
200 | (9,746 | ) | |||||||||
|
|
|||||||||||
(1,700,772 | ) | |||||||||||
|
|
|||||||||||
Consumer Services 0.0% |
||||||||||||
Soho House & Co., Inc.,A Shares (a) |
300 | (2,136 | ) | |||||||||
Super Group SGHC Ltd. (a) |
700 | (2,219 | ) | |||||||||
Pearson PLC,ADR |
4,400 | (54,076 | ) | |||||||||
|
|
|||||||||||
(58,431 | ) | |||||||||||
|
|
See Notes to Consolidated Schedule of Investments.
70
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Energy 0.0% |
||||||||||
Shell PLC,ADR |
9,900 | $ | (651,420 | ) | ||||||
|
|
|||||||||
Financial Services (0.1)% |
||||||||||
Deutsche Bank AG |
29,900 | (405,145 | ) | |||||||
UBS Group AG |
71,665 | (2,214,448 | ) | |||||||
|
|
|||||||||
(2,619,593 | ) | |||||||||
|
|
|||||||||
Food, Beverage & Tobacco 0.0% |
||||||||||
Anheuser-Busch InBev SA,ADR |
8,000 | (516,960 | ) | |||||||
|
|
|||||||||
Health Care Equipment & Services 0.0% |
||||||||||
Trinity Biotech PLC,ADR (a) |
700 | (300 | ) | |||||||
Sophia Genetics SA (a) |
100 | (471 | ) | |||||||
Smith & Nephew PLC,ADR |
100 | (2,728 | ) | |||||||
Koninklijke Philips NV (a) |
3,335 | (77,806 | ) | |||||||
EDAP TMS SA,ADR (a) |
200 | (1,056 | ) | |||||||
|
|
|||||||||
(82,361 | ) | |||||||||
|
|
|||||||||
Household & Personal Products 0.0% |
||||||||||
Unilever PLC,ADR |
11,200 | (542,976 | ) | |||||||
|
|
|||||||||
Insurance 0.0% |
||||||||||
Aegon Ltd.,ADR |
11,900 | (68,544 | ) | |||||||
|
|
|||||||||
Materials 0.0% |
||||||||||
Mercer International, Inc. |
1,500 | (14,220 | ) | |||||||
Atlas Lithium Corp. (a) |
1,500 | (46,920 | ) | |||||||
Amcor PLC |
101,500 | (978,460 | ) | |||||||
Anglogold Ashanti PLC |
2,000 | (37,380 | ) | |||||||
|
|
|||||||||
(1,076,980 | ) | |||||||||
|
|
|||||||||
Media & Entertainment 0.0% |
||||||||||
Manchester United PLC,Class A (a) |
16,400 | (334,232 | ) | |||||||
|
|
|||||||||
Pharmaceuticals, Biotechnology & Life Sciences (0.1)% |
||||||||||
ICON PLC,ADR (a) |
7,800 | (2,207,946 | ) | |||||||
Ascendis Pharma AS,ADR (a) |
4,100 | (516,395 | ) | |||||||
BioNTech SE,ADR (a) |
10,200 | (1,076,508 | ) | |||||||
Mereo Biopharma Group PLC,ADR (a) |
10,900 | (25,179 | ) | |||||||
NuCana PLC,ADR (a) |
300 | (89 | ) | |||||||
Olink Holding AB,ADR (a) |
5,200 | (130,780 | ) | |||||||
GH Research PLC (a) |
400 | (2,320 | ) | |||||||
ADC Therapeutics SA (a) |
4,709 | (7,817 | ) | |||||||
CureVac NV (a) |
4,700 | (19,787 | ) | |||||||
Argenx SE,ADR (a) |
300 | (114,129 | ) | |||||||
Artelo Biosciences, Inc. (a) |
6 | (8 | ) | |||||||
Tiziana Life Sciences Ltd. (a) |
1,315 | (733 | ) | |||||||
AC Immune SA (a) |
900 | (4,500 | ) | |||||||
MDxHealth SA (a) |
100 | (394 | ) | |||||||
Altamira Therapeutics Ltd. (a) |
100 | (348 | ) | |||||||
|
|
|||||||||
(4,106,933 | ) | |||||||||
|
|
|||||||||
Semiconductors & Semiconductor Equipment (0.1)% |
||||||||||
ASML Holding NV |
6,700 | (5,071,364 | ) | |||||||
|
|
|||||||||
Software & Services (0.1)% |
||||||||||
SAP SE,ADR |
9,100 | (1,406,769 | ) | |||||||
Arqit Quantum, Inc. (a) |
2,200 | (1,043 | ) | |||||||
Endava PLC,ADR (a) |
400 | (31,140 | ) | |||||||
|
|
|||||||||
(1,438,952 | ) | |||||||||
|
|
See Notes to Consolidated Schedule of Investments.
71
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
Technology Hardware & Equipment 0.0% |
||||||||||||
Telefonaktiebolaget LM Ericsson,ADR |
113,800 | $ | (716,940 | ) | ||||||||
|
|
|||||||||||
Telecommunication Services 0.0% |
||||||||||||
Liberty Global Ltd.,Class A (a) |
4,300 | (76,411 | ) | |||||||||
|
|
|||||||||||
Transportation 0.0% |
||||||||||||
Ryanair Holdings PLC,ADR (a) |
7,500 | (1,000,200 | ) | |||||||||
Costamare, Inc. |
5,700 | (59,337 | ) | |||||||||
|
|
|||||||||||
(1,059,537 | ) | |||||||||||
|
|
|||||||||||
Utilities 0.0% |
||||||||||||
National Grid PLC,ADR |
4,500 | (305,955 | ) | |||||||||
Atlantica Sustainable Infrastructure PLC |
500 | (10,750 | ) | |||||||||
|
|
|||||||||||
(316,705 | ) | |||||||||||
|
|
|||||||||||
Total Europe |
(22,459,916 | ) | ||||||||||
|
|
|||||||||||
Middle East 0.0% |
||||||||||||
Automobiles & Components 0.0% |
||||||||||||
Foresight Autonomous Holdings Ltd.,ADR (a) |
500 | (515 | ) | |||||||||
Mobileye Global, Inc.,Class A (a) |
1,500 | (64,980 | ) | |||||||||
|
|
|||||||||||
(65,495 | ) | |||||||||||
|
|
|||||||||||
Capital Goods 0.0% |
||||||||||||
Elbit Systems Ltd. |
100 | (21,325 | ) | |||||||||
|
|
|||||||||||
Consumer Discretionary Distribution & Retail 0.0% |
||||||||||||
Global-e Online Ltd. (a) |
2,600 | (103,038 | ) | |||||||||
|
|
|||||||||||
Consumer Services 0.0% |
||||||||||||
NEOGAMES SA (a) |
1,351 | (38,679 | ) | |||||||||
|
|
|||||||||||
Health Care Equipment & Services 0.0% |
||||||||||||
Nano-X Imaging Ltd. (a) |
2,000 | (12,740 | ) | |||||||||
Inspira Technologies Oxy BHN Ltd. (a) |
142 | (151 | ) | |||||||||
|
|
|||||||||||
(12,891 | ) | |||||||||||
|
|
|||||||||||
Household & Personal Products 0.0% |
||||||||||||
Oddity Tech Ltd.,Class A (a) |
400 | (18,612 | ) | |||||||||
|
|
|||||||||||
Media & Entertainment 0.0% |
||||||||||||
Yalla Group Ltd.,ADR (a) |
500 | (3,065 | ) | |||||||||
Taboola.com Ltd. (a) |
10,000 | (43,300 | ) | |||||||||
Innovid Corp. (a) |
200 | (300 | ) | |||||||||
PERION NETWORK Ltd. (a) |
300 | (9,261 | ) | |||||||||
Tremor International Ltd.,ADR (a) |
400 | (2,024 | ) | |||||||||
|
|
|||||||||||
(57,950 | ) | |||||||||||
|
|
|||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% |
||||||||||||
Collplant Biotechnologies Ltd.,ADR (a) |
100 | (639 | ) | |||||||||
Evogene Ltd. (a) |
1,800 | (1,510 | ) | |||||||||
Teva Pharmaceutical Industries Ltd.,ADR (a) |
21,900 | (228,636 | ) | |||||||||
|
|
|||||||||||
(230,785 | ) | |||||||||||
|
|
|||||||||||
Software & Services 0.0% |
||||||||||||
Cognyte Software Ltd. (a) |
2,700 | (17,361 | ) | |||||||||
Check Point Software Technologies Ltd. (a),(c) |
2,171 | (331,707 | ) | |||||||||
SimilarWeb Ltd. (a) |
500 | (2,665 | ) | |||||||||
|
|
|||||||||||
(351,733 | ) | |||||||||||
|
|
|||||||||||
Technology Hardware & Equipment 0.0% |
||||||||||||
Nano Dimension Ltd.,ADR (a) |
6,000 | (14,400 | ) | |||||||||
Gilat Satellite Networks Ltd. (a) |
400 | (2,444 | ) |
See Notes to Consolidated Schedule of Investments.
72
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
Innoviz Technologies Ltd. (a) |
26,200 | $ | (66,286 | ) | ||||||||
|
|
|||||||||||
(83,130 | ) | |||||||||||
|
|
|||||||||||
Transportation 0.0% |
||||||||||||
ZIM Integrated Shipping Services Ltd. |
1,400 | (13,818 | ) | |||||||||
Castor Maritime, Inc. (a) |
60 | (26 | ) | |||||||||
|
|
|||||||||||
(13,844 | ) | |||||||||||
|
|
|||||||||||
Utilities 0.0% |
||||||||||||
Enlight Renewable Energy Ltd. (a) |
300 | (5,742 | ) | |||||||||
|
|
|||||||||||
Total Middle East |
(1,003,224 | ) | ||||||||||
|
|
|||||||||||
North America (11.6)% |
||||||||||||
Automobiles & Components 0.0% |
||||||||||||
Luminar Technologies, Inc. (a) |
82,900 | (279,373 | ) | |||||||||
Patrick Industries, Inc. |
100 | (10,035 | ) | |||||||||
Lucid Group, Inc. (a) |
54,900 | (231,129 | ) | |||||||||
ElectraMeccanica Vehicles Corp. (a) |
2,148 | (720 | ) | |||||||||
Fisker, Inc. (a) |
100 | (175 | ) | |||||||||
Fox Factory Holding Corp. (a) |
1,200 | (80,976 | ) | |||||||||
Harley-Davidson, Inc. |
3,000 | (110,520 | ) | |||||||||
LCI Industries |
1,900 | (238,849 | ) | |||||||||
Solid Power, Inc. (a) |
800 | (1,160 | ) | |||||||||
Thor Industries, Inc. |
5,900 | (697,675 | ) | |||||||||
Winnebago Industries, Inc. |
4,900 | (357,112 | ) | |||||||||
Worksport Ltd. (a) |
1,100 | (1,639 | ) | |||||||||
XPEL, Inc. (a) |
1,500 | (80,775 | ) | |||||||||
Stellantis NV |
15,500 | (361,460 | ) | |||||||||
Visteon Corp. (a) |
200 | (24,980 | ) | |||||||||
Workhorse Group, Inc. (a) |
25,600 | (9,216 | ) | |||||||||
Faraday Future Intelligent Electric, Inc. (a) |
17 | (4 | ) | |||||||||
Magna International, Inc. |
4,200 | (248,136 | ) | |||||||||
Phinia, Inc. |
700 | (21,203 | ) | |||||||||
Volcon, Inc. (a) |
40 | (4 | ) | |||||||||
|
|
|||||||||||
(2,755,141 | ) | |||||||||||
|
|
|||||||||||
Banks (3.8)% |
||||||||||||
New York Community Bancorp, Inc. |
208,096 | (2,128,822 | ) | |||||||||
Columbia Banking System, Inc. |
105,887 | (2,825,065 | ) | |||||||||
M&T Bank Corp. |
11,000 | (1,507,880 | ) | |||||||||
Ameris Bancorp |
1,000 | (53,050 | ) | |||||||||
Axos Financial, Inc. (a) |
208,240 | (11,369,904 | ) | |||||||||
BOK Financial Corp. |
200 | (17,130 | ) | |||||||||
Bank of Montreal |
4,000 | (395,760 | ) | |||||||||
Bank of Nova Scotia |
6,800 | (331,092 | ) | |||||||||
Cadence Bank |
97,143 | (2,874,461 | ) | |||||||||
Customers Bancorp, Inc. (a) |
28,024 | (1,614,743 | ) | |||||||||
Fifth Third Bancorp (c) |
47,577 | (1,640,931 | ) | |||||||||
First Citizens BancShares, Inc.,Class A |
400 | (567,588 | ) | |||||||||
Glacier Bancorp, Inc. |
2,200 | (90,904 | ) | |||||||||
Huntington Bancshares, Inc. (c) |
147,842 | (1,880,550 | ) | |||||||||
Independent Bank Corp. |
1,200 | (78,972 | ) | |||||||||
KeyCorp (c) |
519,092 | (7,474,925 | ) | |||||||||
Old National Bancorp |
32,100 | (542,169 | ) | |||||||||
PNC Financial Services Group, Inc. (The) (c) |
16,200 | (2,508,570 | ) |
See Notes to Consolidated Schedule of Investments.
73
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Park National Corp. |
2,081 | $ | (276,482 | ) | ||||||
Pinnacle Financial Partners, Inc. |
1,300 | (113,386 | ) | |||||||
Regions Financial Corp. (c) |
31,950 | (619,191 | ) | |||||||
Royal Bank of Canada |
11,200 | (1,132,656 | ) | |||||||
ServisFirst Bancshares, Inc. |
9,714 | (647,244 | ) | |||||||
SouthState Corp. |
101,407 | (8,563,821 | ) | |||||||
TFS Financial Corp. |
3,400 | (49,946 | ) | |||||||
Toronto-Dominion Bank |
3,900 | (252,018 | ) | |||||||
Triumph Financial, Inc. (a) |
12,370 | (991,827 | ) | |||||||
Truist Financial Corp. |
200 | (7,384 | ) | |||||||
UMB Financial Corp. |
200 | (16,710 | ) | |||||||
United Community Banks, Inc. |
12,576 | (367,974 | ) | |||||||
United Bankshares, Inc. |
32,125 | (1,206,294 | ) | |||||||
Valley National Bancorp |
9,500 | (103,170 | ) | |||||||
WSFS Financial Corp. |
2,600 | (119,418 | ) | |||||||
Wells Fargo & Co. |
3,900 | (191,958 | ) | |||||||
Western Alliance Bancorp |
118,149 | (7,773,023 | ) | |||||||
East West Bancorp, Inc. |
120,119 | (8,642,562 | ) | |||||||
U.S. Bancorp (c) |
29,427 | (1,273,601 | ) | |||||||
Bank OZK |
182,708 | (9,104,340 | ) | |||||||
Cathay General Bancorp |
700 | (31,199 | ) | |||||||
Webster Financial Corp. |
15,800 | (802,008 | ) | |||||||
Wintrust Financial Corp. |
3,200 | (296,800 | ) | |||||||
Trustmark Corp. |
46,630 | (1,300,044 | ) | |||||||
Comerica, Inc. (c) |
3,190 | (178,034 | ) | |||||||
Zions Bancorp NA (c) |
2,357 | (103,402 | ) | |||||||
Associated Banc-Corp. |
400 | (8,556 | ) | |||||||
Atlantic Union Bankshares Corp. |
3,100 | (113,274 | ) | |||||||
Bancorp, Inc. (a) |
72,407 | (2,792,014 | ) | |||||||
Banc of California, Inc. |
7,626 | (102,417 | ) | |||||||
Banner Corp. |
15,112 | (809,399 | ) | |||||||
Bankwell Financial Group, Inc. |
4,013 | (121,112 | ) | |||||||
Blue Ridge Bankshares, Inc. |
78,418 | (237,607 | ) | |||||||
Canadian Imperial Bank of Commerce |
7,400 | (356,236 | ) | |||||||
Carver Bancorp, Inc. (a) |
400 | (788 | ) | |||||||
City Holding Co. |
48,993 | (5,401,968 | ) | |||||||
Civista Bancshares, Inc. |
6,727 | (124,046 | ) | |||||||
CrossFirst Bankshares, Inc. (a) |
55,054 | (747,633 | ) | |||||||
Eagle Bancorp, Inc. |
132,044 | (3,979,806 | ) | |||||||
Enterprise Financial Services Corp. |
15,355 | (685,601 | ) | |||||||
FNB Corp. |
7,400 | (101,898 | ) | |||||||
First Interstate BancSystem, Inc.,Class A |
2,000 | (61,500 | ) | |||||||
JPMorgan Chase & Co. |
53,800 | (9,151,380 | ) | |||||||
Pathward Financial, Inc. |
91,432 | (4,839,496 | ) | |||||||
Preferred Bank |
58,435 | (4,268,677 | ) | |||||||
Prosperity Bancshares, Inc. |
13,991 | (947,610 | ) | |||||||
Stellar Bancorp, Inc. |
300 | (8,352 | ) | |||||||
Veritex Holdings, Inc. |
138,688 | (3,227,270 | ) | |||||||
Bank of NT Butterfield & Son Ltd. (The) |
67,255 | (2,152,833 | ) | |||||||
Fulton Financial Corp. |
103,721 | (1,707,248 | ) | |||||||
HomeStreet, Inc. |
91,753 | (945,056 | ) | |||||||
Independent Bank Group, Inc. |
24,867 | (1,265,233 | ) |
See Notes to Consolidated Schedule of Investments.
74
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
WaFd, Inc. |
1,000 | $ | (32,960 | ) | ||||||
Texas Capital Bancshares, Inc. (a) |
100 | (6,463 | ) | |||||||
Bank of Hawaii Corp. |
2,800 | (202,888 | ) | |||||||
First BanCorp |
600 | (9,870 | ) | |||||||
Seacoast Banking Corp. of Florida |
400 | (11,384 | ) | |||||||
|
|
|||||||||
(126,487,583 | ) | |||||||||
|
|
|||||||||
Capital Goods (0.3)% |
||||||||||
PACCAR, Inc. |
5,500 | (537,075 | ) | |||||||
Fastenal Co. |
200 | (12,954 | ) | |||||||
Sunrun, Inc. (a) |
67,515 | (1,325,319 | ) | |||||||
Plug Power, Inc. (a) |
187,500 | (843,750 | ) | |||||||
Blink Charging Co. (a) |
20,800 | (70,512 | ) | |||||||
FuelCell Energy, Inc. (a) |
500 | (800 | ) | |||||||
Advanced Drainage Systems, Inc. |
4,900 | (689,136 | ) | |||||||
AerSale Corp. (a) |
1,800 | (22,851 | ) | |||||||
AgEagle Aerial Systems, Inc. (a) |
12,800 | (1,343 | ) | |||||||
Ameresco, Inc.,Class A (a) |
3,400 | (107,678 | ) | |||||||
Array Technologies, Inc. (a) |
46,200 | (776,160 | ) | |||||||
Astec Industries, Inc. |
100 | (3,720 | ) | |||||||
Atkore, Inc. (a) |
100 | (16,000 | ) | |||||||
Axon Enterprise, Inc. (a) |
700 | (180,831 | ) | |||||||
Beam Global (a) |
2,000 | (14,180 | ) | |||||||
Builders FirstSource, Inc. (a) |
17,800 | (2,971,532 | ) | |||||||
Byrna Technologies, Inc. (a) |
1,400 | (8,946 | ) | |||||||
CAE, Inc. (a) |
2,500 | (53,975 | ) | |||||||
CBAK Energy Technology, Inc. (a) |
2,200 | (2,310 | ) | |||||||
Chart Industries, Inc. (a) |
6,400 | (872,512 | ) | |||||||
ClearSign Technologies Corp. (a) |
100 | (111 | ) | |||||||
Desktop Metal, Inc.,Class A (a) |
54,200 | (40,704 | ) | |||||||
Draganfly, Inc. (a) |
4,500 | (2,158 | ) | |||||||
ESS Tech, Inc. (a) |
29,700 | (33,858 | ) | |||||||
Encore Wire Corp. |
700 | (149,520 | ) | |||||||
Eos Energy Enterprises, Inc. (a) |
52,700 | (57,443 | ) | |||||||
FTC Solar, Inc. (a) |
33,900 | (23,486 | ) | |||||||
Fluence Energy, Inc. (a) |
13,500 | (321,975 | ) | |||||||
Flux Power Holdings, Inc. (a) |
400 | (1,644 | ) | |||||||
Generac Holdings, Inc. (a) |
2,000 | (258,480 | ) | |||||||
Ideal Power, Inc. (a) |
200 | (1,552 | ) | |||||||
iPower, Inc. (a) |
600 | (270 | ) | |||||||
KULR Technology Group, Inc. (a) |
7,100 | (1,314 | ) | |||||||
Lion Electric Co. (a) |
2,500 | (4,425 | ) | |||||||
Microvast Holdings, Inc. (a) |
25,700 | (35,980 | ) | |||||||
Quanta Services, Inc. |
11,200 | (2,416,960 | ) | |||||||
Redwire Corp. (a) |
900 | (2,565 | ) | |||||||
Regal Rexnord Corp. |
1,400 | (207,228 | ) | |||||||
Rocket Lab USA, Inc. (a) |
25,800 | (142,674 | ) | |||||||
Shoals Technologies Group, Inc.,Class A (a) |
24,800 | (385,392 | ) | |||||||
Sunworks, Inc. (a) |
17,600 | (4,132 | ) | |||||||
3D Systems Corp. (a) |
700 | (4,445 | ) | |||||||
UFP Industries, Inc. |
1,000 | (125,550 | ) | |||||||
Urban-Gro, Inc. (a) |
1,000 | (1,400 | ) |
See Notes to Consolidated Schedule of Investments.
75
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
WESCO International, Inc. |
3,700 | $ | (643,356 | ) | ||||||
Xometry, Inc.,Class A (a) |
4,600 | (165,186 | ) | |||||||
Carrier Global Corp. |
2,000 | (114,900 | ) | |||||||
Hyliion Holdings Corp. (a) |
300 | (244 | ) | |||||||
Nikola Corp. (a) |
184,900 | (161,751 | ) | |||||||
NuScale Power Corp. (a) |
18,700 | (61,523 | ) | |||||||
United Rentals, Inc. |
900 | (516,078 | ) | |||||||
Ballard Power Systems, Inc. (a) |
8,400 | (31,080 | ) | |||||||
SunPower Corp. (a),(c) |
11,237 | (54,275 | ) | |||||||
Watsco, Inc. |
200 | (85,694 | ) | |||||||
Brookfield Business Corp.,Class A |
100 | (2,328 | ) | |||||||
Energy Vault Holdings, Inc. (a) |
20,400 | (47,532 | ) | |||||||
Markforged Holding Corp. (a) |
10,800 | (8,856 | ) | |||||||
SES AI Corp. (a) |
7,800 | (14,274 | ) | |||||||
SKYX Platforms Corp. (a) |
3,300 | (5,280 | ) | |||||||
Stem, Inc. (a) |
26,200 | (101,656 | ) | |||||||
Terran Orbital Corp. (a) |
60,200 | (68,628 | ) | |||||||
Trinity Industries, Inc. |
400 | (10,636 | ) | |||||||
Ferguson PLC |
1,100 | (212,377 | ) | |||||||
Astra Space, Inc. (a) |
1,726 | (3,935 | ) | |||||||
BWX Technologies, Inc. |
300 | (23,019 | ) | |||||||
Dragonfly Energy Holdings Corp. (a) |
6,200 | (3,359 | ) | |||||||
Granite Construction, Inc. |
200 | (10,172 | ) | |||||||
Ideanomics, Inc. (a) |
2,000 | (3,980 | ) | |||||||
NEXTracker, Inc.,Class A (a) |
2,300 | (107,755 | ) | |||||||
374Water, Inc. (a) |
1,100 | (1,562 | ) | |||||||
AAON, Inc. |
500 | (36,935 | ) | |||||||
American Superconductor Corp. (a) |
3,500 | (38,990 | ) | |||||||
Net Power, Inc. (a) |
800 | (8,080 | ) | |||||||
Xos, Inc. (a) |
76 | (592 | ) | |||||||
Stratasys Ltd. (a) |
500 | (7,140 | ) | |||||||
Applied UV, Inc. (a) |
300 | (699 | ) | |||||||
Intuitive Machines, Inc. (a) |
400 | (1,022 | ) | |||||||
|
|
|||||||||
(15,287,744 | ) | |||||||||
|
|
|||||||||
Commercial & Professional Services 0.0% |
||||||||||
Ceridian HCM Holding, Inc. (a) |
15,500 | (1,040,360 | ) | |||||||
Equifax, Inc. (c) |
1,012 | (250,257 | ) | |||||||
Clarivate PLC (a) |
115,500 | (1,069,530 | ) | |||||||
Deluxe Corp. |
700 | (15,015 | ) | |||||||
Concentrix Corp. |
1,800 | (176,778 | ) | |||||||
Li-Cycle Holdings Corp. (a) |
11,700 | (6,842 | ) | |||||||
Montrose Environmental Group, Inc. (a) |
1,400 | (44,982 | ) | |||||||
Stericycle, Inc. (a) |
1,100 | (54,516 | ) | |||||||
Sterling Check Corp. (a) |
1,700 | (23,664 | ) | |||||||
Willdan Group, Inc. (a) |
300 | (6,450 | ) | |||||||
Clean Harbors, Inc. (a) |
700 | (122,157 | ) | |||||||
GFL Environmental, Inc. |
1,800 | (62,118 | ) | |||||||
Copart, Inc. (a) |
14,500 | (710,500 | ) | |||||||
Aqua Metals, Inc. (a) |
3,500 | (2,660 | ) | |||||||
Aris Water Solutions, Inc.,Class A |
2,300 | (19,297 | ) | |||||||
Blacksky Technology, Inc. (a) |
14,100 | (19,740 | ) |
See Notes to Consolidated Schedule of Investments.
76
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Knightscope, Inc.,Class A (a) |
23,000 | $ | (13,800 | ) | ||||||
Planet Labs PBC (a) |
23,400 | (57,798 | ) | |||||||
Team, Inc. (a) |
100 | (660 | ) | |||||||
FiscalNote Holdings, Inc. (a) |
21,000 | (23,940 | ) | |||||||
Innodata, Inc. (a) |
1,200 | (9,768 | ) | |||||||
LanzaTech Global, Inc. (a) |
2,700 | (13,581 | ) | |||||||
RB Global, Inc. |
15,700 | (1,050,173 | ) | |||||||
Skillsoft Corp. (a) |
180 | (3,164 | ) | |||||||
Spire Global, Inc. (a) |
1,850 | (14,467 | ) | |||||||
Thomson Reuters Corp. |
1,700 | (248,574 | ) | |||||||
Veralto Corp. |
5,199 | (427,670 | ) | |||||||
Verra Mobility Corp. (a) |
600 | (13,818 | ) | |||||||
|
|
|||||||||
(5,502,279 | ) | |||||||||
|
|
|||||||||
Consumer Discretionary Distribution & Retail (0.7)% |
||||||||||
Williams-Sonoma, Inc. |
12,900 | (2,602,962 | ) | |||||||
Wayfair, Inc.,Class A (a),(c) |
352 | (21,718 | ) | |||||||
Vroom, Inc. (a) |
44,200 | (26,631 | ) | |||||||
Restoration Hardware, Inc. (a) |
200 | (58,296 | ) | |||||||
Academy Sports & Outdoors, Inc. |
16,500 | (1,089,000 | ) | |||||||
Bath & Body Works, Inc. |
900 | (38,844 | ) | |||||||
EVgo, Inc. (a) |
32,000 | (114,560 | ) | |||||||
GrowGeneration Corp. (a) |
3,000 | (7,530 | ) | |||||||
JOANN, Inc. (a) |
1,800 | (803 | ) | |||||||
LKQ Corp. |
3,300 | (157,707 | ) | |||||||
Leslies, Inc. (a) |
40,100 | (277,091 | ) | |||||||
Lithia Motors, Inc. |
2,300 | (757,344 | ) | |||||||
Lowes Cos., Inc. (c) |
13,164 | (2,929,648 | ) | |||||||
BARK, Inc. (a) |
12,900 | (10,391 | ) | |||||||
Beyond, Inc. (a) |
800 | (22,152 | ) | |||||||
Pool Corp. |
2,900 | (1,156,259 | ) | |||||||
Rent the Runway, Inc.,Class A (a) |
15,200 | (8,018 | ) | |||||||
RumbleON, Inc.,Class B (a) |
35 | (285 | ) | |||||||
Sportsmans Warehouse Holdings, Inc. (a) |
10,900 | (46,434 | ) | |||||||
ODP Corp. (a) |
1,400 | (78,820 | ) | |||||||
ThredUp, Inc.,Class A (a) |
2,800 | (6,300 | ) | |||||||
Valvoline, Inc. (a) |
9,200 | (345,736 | ) | |||||||
Victorias Secret & Co. (a) |
22,900 | (607,766 | ) | |||||||
Newegg Commerce, Inc. (a) |
2,300 | (2,898 | ) | |||||||
Home Depot, Inc. (The) |
4,100 | (1,420,855 | ) | |||||||
Floor & Decor Holdings, Inc.,Class A (a) |
15,200 | (1,695,712 | ) | |||||||
Tractor Supply Co. |
2,100 | (451,563 | ) | |||||||
Signet Jewelers Ltd. |
11,200 | (1,201,312 | ) | |||||||
Boot Barn Holdings, Inc. (a) |
7,600 | (583,376 | ) | |||||||
Hibbett, Inc. |
800 | (57,616 | ) | |||||||
Asbury Automotive Group, Inc. (a) |
1,000 | (224,970 | ) | |||||||
Birks Group, Inc. (a) |
100 | (469 | ) | |||||||
Caleres, Inc. |
3,300 | (101,409 | ) | |||||||
Designer Brands, Inc.,Class A |
12,000 | (106,200 | ) | |||||||
Lulus Fashion Lounge Holdings, Inc. (a) |
500 | (930 | ) | |||||||
Macys, Inc. |
24,900 | (500,988 | ) | |||||||
OneWater Marine, Inc.,Class A (a) |
900 | (30,411 | ) |
See Notes to Consolidated Schedule of Investments.
77
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Tillys, Inc.,Class A (a) |
1,300 | $ | (9,802 | ) | ||||||
Big 5 Sporting Goods Corp. |
100 | (634 | ) | |||||||
Buckle, Inc. |
100 | (4,752 | ) | |||||||
ContextLogic, Inc.,Class A (a) |
1,600 | (9,520 | ) | |||||||
Express, Inc. (a) |
300 | (2,514 | ) | |||||||
Foot Locker, Inc. (a) |
29,100 | (906,465 | ) | |||||||
Grove Collaborative Holdings (a) |
1,600 | (2,832 | ) | |||||||
Penske Automotive Group, Inc. |
500 | (80,255 | ) | |||||||
Tile Shop Holdings, Inc. (a) |
100 | (736 | ) | |||||||
Ulta Beauty, Inc. (a) |
9,700 | (4,752,903 | ) | |||||||
Polished.com, Inc. (a) |
544 | (3,280 | ) | |||||||
LL Flooring Holdings, Inc. (a) |
100 | (390 | ) | |||||||
TJX Cos., Inc. |
100 | (9,381 | ) | |||||||
|
|
|||||||||
(22,526,468 | ) | |||||||||
|
|
|||||||||
Consumer Durables & Apparel 0.0% |
||||||||||
Topgolf Callaway Brands Corp. (a) |
8,800 | (126,192 | ) | |||||||
Polaris, Inc. |
4,300 | (407,511 | ) | |||||||
Carters, Inc. |
8,100 | (606,609 | ) | |||||||
Crocs, Inc. (a) |
8,300 | (775,303 | ) | |||||||
Capri Holdings Ltd. (a) |
20,200 | (1,014,848 | ) | |||||||
Purple Innovation, Inc. |
5,700 | (5,871 | ) | |||||||
AMMO, Inc. (a) |
11,400 | (23,940 | ) | |||||||
Aterian, Inc. (a) |
8,700 | (3,032 | ) | |||||||
BRP, Inc. |
100 | (7,169 | ) | |||||||
Century Communities, Inc. |
1,600 | (145,824 | ) | |||||||
Dream Finders Homes, Inc.,Class A (a) |
1,700 | (60,401 | ) | |||||||
LGI Homes, Inc. (a) |
2,300 | (306,268 | ) | |||||||
Latham Group, Inc. (a) |
5,400 | (14,202 | ) | |||||||
PLBY Group, Inc. (a) |
16,264 | (16,264 | ) | |||||||
Smith & Wesson Brands, Inc. |
2,600 | (35,256 | ) | |||||||
Snap One Holdings Corp. (a) |
500 | (4,455 | ) | |||||||
Tempur Sealy International, Inc. |
9,900 | (504,603 | ) | |||||||
Traeger, Inc. (a) |
3,200 | (8,736 | ) | |||||||
Worthington Enterprises, Inc. |
200 | (11,510 | ) | |||||||
Lennar Corp.,Class A |
1,600 | (238,464 | ) | |||||||
iRobot Corp. (a) |
3,900 | (150,930 | ) | |||||||
Tapestry, Inc. |
100 | (3,681 | ) | |||||||
Gildan Activewear, Inc. |
7,200 | (238,032 | ) | |||||||
Hanesbrands, Inc. (a) |
22,200 | (99,012 | ) | |||||||
Skyline Champion Corp. (a) |
3,400 | (252,484 | ) | |||||||
Hasbro, Inc. |
3,900 | (199,134 | ) | |||||||
Meritage Homes Corp. |
1,200 | (209,040 | ) | |||||||
SharkNinja, Inc. (a) |
900 | (46,053 | ) | |||||||
Canada Goose Holdings, Inc. (a) |
900 | (10,665 | ) | |||||||
Steven Madden Ltd. |
800 | (33,600 | ) | |||||||
|
|
|||||||||
(5,559,089 | ) | |||||||||
|
|
|||||||||
Consumer Services (0.6)% |
||||||||||
H&R Block, Inc. |
5,700 | (275,709 | ) | |||||||
MGM Resorts International (a) |
42,800 | (1,912,304 | ) | |||||||
Planet Fitness, Inc.,Class A (a) |
600 | (43,800 | ) | |||||||
Texas Roadhouse, Inc. |
1,200 | (146,676 | ) |
See Notes to Consolidated Schedule of Investments.
78
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Aramark |
34,800 | $ | (977,880 | ) | ||||||
Starbucks Corp. (c) |
5,268 | (505,781 | ) | |||||||
Vail Resorts, Inc. |
400 | (85,388 | ) | |||||||
Dutch Bros, Inc.,Class A (a) |
3,300 | (104,511 | ) | |||||||
Airbnb, Inc.,Class A (a),(c) |
1,867 | (254,173 | ) | |||||||
Caesars Entertainment, Inc. (a) |
39,176 | (1,836,571 | ) | |||||||
Royal Caribbean Cruises Ltd. (a) |
4,100 | (530,909 | ) | |||||||
Restaurant Brands International, Inc. |
26,400 | (2,062,632 | ) | |||||||
Darden Restaurants, Inc. |
9,200 | (1,511,560 | ) | |||||||
Grand Canyon Education, Inc. (a) |
600 | (79,224 | ) | |||||||
SeaWorld Entertainment, Inc. (a) |
6,000 | (316,980 | ) | |||||||
Mister Car Wash, Inc. (a) |
18,800 | (162,432 | ) | |||||||
Ballys Corp. (a) |
4,800 | (66,912 | ) | |||||||
BurgerFi International, Inc. (a) |
700 | (602 | ) | |||||||
Krispy Kreme, Inc. |
2,800 | (42,252 | ) | |||||||
Marriott Vacations Worldwide Corp. |
2,700 | (229,203 | ) | |||||||
Nerdy, Inc. (a) |
6,100 | (20,923 | ) | |||||||
Penn Entertainment, Inc. (a) |
39,800 | (1,035,596 | ) | |||||||
Udemy, Inc. (a) |
5,900 | (86,907 | ) | |||||||
McDonalds Corp. |
27,100 | (8,035,421 | ) | |||||||
Light & Wonder, Inc. (a) |
100 | (8,211 | ) | |||||||
Dave & Busters Entertainment, Inc. (a) |
12,200 | (656,970 | ) | |||||||
Hall of Fame Resort & Entertainment Co. (a) |
381 | (1,238 | ) | |||||||
Service Corp. International |
2,500 | (171,125 | ) | |||||||
Six Flags Entertainment Corp. (a) |
22,800 | (571,824 | ) | |||||||
Full House Resorts, Inc. (a) |
1,800 | (9,666 | ) | |||||||
Global Business Travel Group I (a) |
1,800 | (11,610 | ) | |||||||
Mondee Holdings, Inc. (a) |
1,600 | (4,416 | ) | |||||||
Jack in the Box, Inc. |
800 | (65,304 | ) | |||||||
Noodles & Co. (a) |
5,300 | (16,695 | ) | |||||||
Sonder Holdings, Inc. (a) |
475 | (1,610 | ) | |||||||
Wyndham Hotels & Resorts, Inc. |
700 | (56,287 | ) | |||||||
XWELL, Inc. (a) |
20 | (34 | ) | |||||||
GAN Ltd. (a) |
4,700 | (7,426 | ) | |||||||
ADT, Inc. |
8,800 | (60,016 | ) | |||||||
Inspirato, Inc. (a) |
110 | (406 | ) | |||||||
Vacasa, Inc.,Class A (a) |
125 | (1,025 | ) | |||||||
|
|
|||||||||
(21,968,209 | ) | |||||||||
|
|
|||||||||
Consumer Staples Distribution (0.5)% |
||||||||||
Kroger Co. (The) (c) |
14,650 | (669,651 | ) | |||||||
Sysco Corp. |
18,000 | (1,316,340 | ) | |||||||
Costco Wholesale Corp. (c) |
1,931 | (1,274,614 | ) | |||||||
BJs Wholesale Club Holdings, Inc. (a) |
23,400 | (1,559,844 | ) | |||||||
Dollar Tree, Inc. (a) |
15,000 | (2,130,750 | ) | |||||||
HF Foods Group, Inc. (a) |
100 | (534 | ) | |||||||
Performance Food Group Co. (a) |
16,100 | (1,113,315 | ) | |||||||
Andersons, Inc. |
600 | (34,524 | ) | |||||||
Walgreens Boots Alliance, Inc. |
70,400 | (1,838,144 | ) | |||||||
U.S. Foods Holding Corp. (a) |
23,400 | (1,062,594 | ) | |||||||
|
|
|||||||||
(11,000,310 | ) | |||||||||
|
|
See Notes to Consolidated Schedule of Investments.
79
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Diversified Financials 0.0% |
||||||||||
Berkshire Hathaway, Inc.,Class B (a) |
100 | $ | (35,666 | ) | ||||||
DRAGON VICTORY INTERNATIONAL (a) |
0 | 0 | ||||||||
|
|
|||||||||
(35,666 | ) | |||||||||
|
|
|||||||||
Energy (0.5)% |
||||||||||
Coterra Energy, Inc. |
114,800 | (2,929,696 | ) | |||||||
Cheniere Energy, Inc. |
100 | (17,071 | ) | |||||||
Southwestern Energy Co. (a) |
10,000 | (65,500 | ) | |||||||
Williams Cos., Inc. |
49,200 | (1,713,636 | ) | |||||||
Cameco Corp. |
3,600 | (155,160 | ) | |||||||
Pembina Pipeline Corp. |
5,800 | (199,636 | ) | |||||||
Exxon Mobil Corp. (c) |
1,950 | (194,961 | ) | |||||||
Uranium Energy Corp. (a) |
87,100 | (557,440 | ) | |||||||
Diamondback Energy, Inc. |
2,500 | (387,700 | ) | |||||||
American Resources Corp. (a) |
4,600 | (6,854 | ) | |||||||
Callon Petroleum Co. (a) |
9,500 | (307,800 | ) | |||||||
Centrus Energy Corp.,Class A (a) |
1,400 | (76,174 | ) | |||||||
Chevron Corp. (c) |
1,259 | (187,792 | ) | |||||||
Comstock, Inc. (a) |
6,600 | (3,617 | ) | |||||||
ConocoPhillips |
200 | (23,214 | ) | |||||||
Denison Mines Corp. (a) |
64,900 | (114,873 | ) | |||||||
Energy Fuels, Inc. (a) |
44,100 | (317,079 | ) | |||||||
Crescent Energy Co.,Class A |
3,120 | (41,215 | ) | |||||||
KLX Energy Services Holdings, Inc. (a) |
2,600 | (29,276 | ) | |||||||
Vital Energy, Inc. (a) |
750 | (34,118 | ) | |||||||
Lightbridge Corp. (a) |
90 | (289 | ) | |||||||
Marathon Petroleum Corp. (c) |
3,114 | (461,993 | ) | |||||||
New Fortress Energy, Inc. |
21,200 | (799,876 | ) | |||||||
Par Pacific Holdings, Inc. (a) |
7,000 | (254,590 | ) | |||||||
TC Energy Corp. |
16,300 | (637,167 | ) | |||||||
Tellurian, Inc. (a) |
70,500 | (53,270 | ) | |||||||
Ur-Energy, Inc. (a) |
11,900 | (18,326 | ) | |||||||
Valero Energy Corp. (c) |
6,784 | (881,920 | ) | |||||||
Vertex Energy, Inc. (a) |
28,600 | (96,954 | ) | |||||||
Expro Group Holdings NV (a) |
7,400 | (117,808 | ) | |||||||
NextDecade Corp. (a) |
1,500 | (7,155 | ) | |||||||
Kinetik Holdings, Inc. |
20 | (668 | ) | |||||||
Suncor Energy, Inc. |
54,000 | (1,730,160 | ) | |||||||
Amplify Energy Corp. (a) |
334 | (1,981 | ) | |||||||
Antero Midstream Corp. |
14,600 | (182,938 | ) | |||||||
California Resources Corp. |
1,200 | (65,616 | ) | |||||||
Camber Energy, Inc. (a) |
33,236 | (7,591 | ) | |||||||
Comstock Resources, Inc. |
55,300 | (489,405 | ) | |||||||
Enviva, Inc. |
2,100 | (2,091 | ) | |||||||
Excelerate Energy, Inc.,Class A |
1,800 | (27,828 | ) | |||||||
Northern Oil & Gas, Inc. |
11,800 | (437,426 | ) | |||||||
Chord Energy Corp. |
400 | (66,492 | ) | |||||||
Ovintiv, Inc. |
7,982 | (350,569 | ) | |||||||
ProFrac Holding Corp.,Class A (a) |
6,500 | (55,120 | ) | |||||||
Sitio Royalties Corp.,Class A |
1,107 | (26,026 | ) | |||||||
VAALCO Energy, Inc. |
8,641 | (38,798 | ) |
See Notes to Consolidated Schedule of Investments.
80
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Antero Resources Corp. (a) |
12,900 | $ | (292,572 | ) | ||||||
Canadian Natural Resources Ltd. |
16,800 | (1,100,736 | ) | |||||||
Civitas Resources, Inc. |
6,900 | (471,822 | ) | |||||||
EQT Corp. |
85,000 | (3,286,100 | ) | |||||||
Matador Resources Co. |
3,600 | (204,696 | ) | |||||||
Patterson-UTI Energy, Inc. |
15 | (162 | ) | |||||||
Phillips 66 |
13,600 | (1,810,704 | ) | |||||||
Range Resources Corp. |
9,800 | (298,312 | ) | |||||||
Talos Energy, Inc. (a) |
9,500 | (135,185 | ) | |||||||
HighPeak Energy, Inc. |
800 | (11,392 | ) | |||||||
Riskon International, Inc. (a) |
1,100 | (366 | ) | |||||||
Nine Energy Service, Inc. (a) |
100 | (268 | ) | |||||||
|
|
|||||||||
(21,787,184 | ) | |||||||||
|
|
|||||||||
Equity Real Estate Investment Trusts (REITs) (1.1)% |
||||||||||
American Tower Corp. |
900 | (194,292 | ) | |||||||
Crown Castle, Inc. |
100 | (11,519 | ) | |||||||
Digital Realty Trust, Inc. (c) |
31,518 | (4,241,692 | ) | |||||||
Equinix, Inc. (c) |
903 | (727,267 | ) | |||||||
Equity LifeStyle Properties, Inc. |
5,600 | (395,024 | ) | |||||||
Extra Space Storage, Inc. |
20,000 | (3,206,600 | ) | |||||||
Public Storage |
3,300 | (1,006,500 | ) | |||||||
Simon Property Group, Inc. |
17,700 | (2,524,728 | ) | |||||||
Sun Communities, Inc. |
10,200 | (1,363,230 | ) | |||||||
UDR, Inc. (c) |
7,528 | (288,247 | ) | |||||||
Lamar Advertising Co.,Class A |
4,400 | (467,632 | ) | |||||||
Host Hotels & Resorts, Inc. |
127,500 | (2,482,425 | ) | |||||||
Realty Income Corp. |
5,600 | (321,552 | ) | |||||||
Camden Property Trust (c) |
1,015 | (100,779 | ) | |||||||
Mid-America Apartment Communities, Inc. (c) |
1,004 | (134,998 | ) | |||||||
Invitation Homes, Inc. (c) |
11,645 | (397,211 | ) | |||||||
Federal Realty Investment Trust |
2,800 | (288,540 | ) | |||||||
Hudson Pacific Properties, Inc. |
25,600 | (238,336 | ) | |||||||
Regency Centers Corp. |
8,100 | (542,700 | ) | |||||||
Healthcare Realty Trust, Inc. |
53,100 | (914,913 | ) | |||||||
Acadia Realty Trust |
1,000 | (16,990 | ) | |||||||
Alexandria Real Estate Equities, Inc. |
11,500 | (1,457,855 | ) | |||||||
Americold Realty Trust, Inc. |
20,300 | (614,481 | ) | |||||||
Apartment Income REIT Corp. |
3,300 | (114,609 | ) | |||||||
Ashford Hospitality Trust, Inc. (a) |
9,500 | (18,430 | ) | |||||||
Boston Properties, Inc. |
19,900 | (1,396,383 | ) | |||||||
Brandywine Realty Trust |
700 | (3,780 | ) | |||||||
Brixmor Property Group, Inc. |
9,800 | (228,046 | ) | |||||||
COPT Defense Properties |
1,000 | (25,630 | ) | |||||||
Empire State Realty Trust, Inc.,Class A |
15,400 | (149,226 | ) | |||||||
Equity Residential (c) |
8,411 | (514,417 | ) | |||||||
Essex Property Trust, Inc. (c) |
1,903 | (471,830 | ) | |||||||
InvenTrust Properties Corp. |
2,000 | (50,680 | ) | |||||||
Kilroy Realty Corp. |
900 | (35,856 | ) | |||||||
Kite Realty Group Trust |
18,800 | (429,768 | ) | |||||||
Medical Properties Trust, Inc. |
167,000 | (819,970 | ) | |||||||
Orion Office REIT, Inc. |
2,200 | (12,584 | ) |
See Notes to Consolidated Schedule of Investments.
81
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
PotlatchDeltic Corp. |
3,421 | $ | (167,971 | ) | ||||||
SL Green Realty Corp. |
15,251 | (688,888 | ) | |||||||
Sunstone Hotel Investors, Inc. |
5,200 | (55,796 | ) | |||||||
Ventas, Inc. |
25,138 | (1,252,878 | ) | |||||||
VICI Properties, Inc. |
56,373 | (1,797,171 | ) | |||||||
Vornado Realty Trust |
55,000 | (1,553,750 | ) | |||||||
Welltower, Inc. |
36,000 | (3,246,120 | ) | |||||||
Outfront Media, Inc. |
45,200 | (630,992 | ) | |||||||
Highwoods Properties, Inc. |
3,100 | (71,176 | ) | |||||||
Apartment Investment & Management Co.,Class A (a) |
8,000 | (62,640 | ) | |||||||
CBL & Associates Properties, Inc. |
500 | (12,210 | ) | |||||||
Independence Realty Trust, Inc. |
19,600 | (299,880 | ) | |||||||
Innovative Industrial Properties, Inc. |
3,100 | (312,542 | ) | |||||||
Macerich Co. |
8,800 | (135,784 | ) | |||||||
Paramount Group, Inc. |
22,900 | (118,393 | ) | |||||||
Physicians Realty Trust |
21,700 | (288,827 | ) | |||||||
Safehold, Inc. |
2,600 | (60,840 | ) | |||||||
Uniti Group, Inc. |
23,000 | (132,940 | ) | |||||||
NexPoint Diversified Real Estate Trust |
307 | (2,441 | ) | |||||||
AvalonBay Communities, Inc. (c) |
5,706 | (1,068,277 | ) | |||||||
Braemar Hotels & Resorts, Inc. |
4,500 | (11,250 | ) | |||||||
Broadstone Net Lease, Inc. |
300 | (5,166 | ) | |||||||
Easterly Government Properties, Inc. |
8,400 | (112,896 | ) | |||||||
Gladstone Commercial Corp. |
2,800 | (37,072 | ) | |||||||
Global Net Lease, Inc. |
13,106 | (130,405 | ) | |||||||
Global Medical REIT, Inc. |
200 | (2,220 | ) | |||||||
Peakstone Realty Trust |
2,400 | (47,832 | ) | |||||||
Industrial Logistics Properties Trust |
800 | (3,760 | ) | |||||||
JBG SMITH Properties |
7,600 | (129,276 | ) | |||||||
National Storage Affiliates Trust |
9,800 | (406,406 | ) | |||||||
NETSTREIT Corp. |
3,200 | (57,120 | ) | |||||||
Park Hotels & Resorts, Inc. |
4,600 | (70,380 | ) | |||||||
Phillips Edison & Co., Inc. |
9,100 | (331,968 | ) | |||||||
WP Carey, Inc. |
10,000 | (648,100 | ) | |||||||
Spirit Realty Capital, Inc. |
4,200 | (183,498 | ) | |||||||
American Homes 4 Rent,Class A (c) |
30,460 | (1,095,342 | ) | |||||||
|
|
|||||||||
(41,440,927 | ) | |||||||||
|
|
|||||||||
Financial Services (1.5)% |
||||||||||
Carlyle Group, Inc. |
25,400 | (1,033,526 | ) | |||||||
CME Group, Inc. |
31,533 | (6,640,850 | ) | |||||||
MarketAxess Holdings, Inc. |
3,191 | (934,484 | ) | |||||||
S&P Global, Inc. |
1,188 | (523,338 | ) | |||||||
Block, Inc. (a) |
4,967 | (384,197 | ) | |||||||
Fidelity National Information Services, Inc. |
800 | (48,056 | ) | |||||||
KKR & Co., Inc. |
28,700 | (2,377,795 | ) | |||||||
Tradeweb Markets, Inc.,Class A |
2,393 | (217,476 | ) | |||||||
Compass Diversified Holdings |
300 | (6,735 | ) | |||||||
Bread Financial Holdings, Inc. |
1,400 | (46,116 | ) | |||||||
Apollo Global Management, Inc. |
14,000 | (1,304,660 | ) | |||||||
BM Technologies, Inc. (a) |
400 | (820 | ) | |||||||
Bakkt Holdings, Inc. (a) |
25,700 | (57,311 | ) |
See Notes to Consolidated Schedule of Investments.
82
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Euronet Worldwide, Inc. (a) |
28,723 | $ | (2,915,097 | ) | ||||||
Finance of America Cos., Inc.,Class A (a) |
1,500 | (1,650 | ) | |||||||
Fiserv, Inc. (a) |
9,091 | (1,207,648 | ) | |||||||
Franklin BSP Realty Trust, Inc. |
1,800 | (24,318 | ) | |||||||
Global Payments, Inc. |
23,362 | (2,966,974 | ) | |||||||
Hannon Armstrong Sustainable Infrastructure Capital, Inc. |
2,500 | (68,950 | ) | |||||||
LPL Financial Holdings, Inc. |
1,200 | (273,144 | ) | |||||||
loanDepot, Inc.,Class A (a) |
3,900 | (13,728 | ) | |||||||
Moelis & Co.,Class A |
1,500 | (84,195 | ) | |||||||
Navient Corp. |
200 | (3,724 | ) | |||||||
Nelnet, Inc.,Class A |
200 | (17,644 | ) | |||||||
NerdWallet, Inc.,Class A (a) |
600 | (8,832 | ) | |||||||
PennyMac Mortgage Investment Trust |
10,400 | (155,480 | ) | |||||||
PennyMac Financial Services, Inc. |
3,000 | (265,110 | ) | |||||||
Priority Technology Holdings, Inc. (a) |
200 | (712 | ) | |||||||
Charles Schwab Corp. |
8,500 | (584,800 | ) | |||||||
Shift4 Payments, Inc.,Class A (a) |
700 | (52,038 | ) | |||||||
StepStone Group, Inc.,Class A |
3,300 | (105,039 | ) | |||||||
UWM Holdings Corp. |
1,800 | (12,870 | ) | |||||||
Walker & Dunlop, Inc. |
400 | (44,404 | ) | |||||||
Capital One Financial Corp. |
20,865 | (2,735,819 | ) | |||||||
Nasdaq, Inc. |
26,329 | (1,530,768 | ) | |||||||
BlackRock, Inc. |
1,116 | (905,969 | ) | |||||||
American Express Co. |
57,009 | (10,680,066 | ) | |||||||
Ares Management Corp.,Class A |
7,300 | (868,116 | ) | |||||||
Affiliated Managers Group, Inc. |
900 | (136,278 | ) | |||||||
Raymond James Financial, Inc. |
2,300 | (256,450 | ) | |||||||
Annaly Capital Management, Inc. |
110,650 | (2,143,290 | ) | |||||||
Apollo Commercial Real Estate Finance, Inc. |
8,300 | (97,442 | ) | |||||||
Blackstone Mortgage Trust, Inc.,Class A |
35,900 | (763,593 | ) | |||||||
Brookfield Corp.,Class A |
60,967 | (2,445,996 | ) | |||||||
Brookfield Asset Management Ltd.,Class A |
20,800 | (835,536 | ) | |||||||
Chimera Investment Corp. |
7,000 | (34,930 | ) | |||||||
Ellington Financial, Inc. |
6,988 | (88,817 | ) | |||||||
Encore Capital Group, Inc. (a) |
100 | (5,075 | ) | |||||||
Flywire Corp. (a) |
1,700 | (39,355 | ) | |||||||
Forge Global Holdings, Inc. (a) |
4,700 | (16,121 | ) | |||||||
Greenpro Capital Corp. (a) |
580 | (684 | ) | |||||||
KKR Real Estate Finance Trust, Inc. |
2,000 | (26,460 | ) | |||||||
Mr Cooper Group, Inc. (a) |
1,800 | (117,216 | ) | |||||||
Rithm Capital Corp. |
63,000 | (672,840 | ) | |||||||
New York Mortgage Trust, Inc. |
8,425 | (71,865 | ) | |||||||
Ready Capital Corp. |
22,600 | (231,650 | ) | |||||||
Redwood Trust, Inc. |
6,800 | (50,388 | ) | |||||||
Remitly Global, Inc. (a) |
5,700 | (110,694 | ) | |||||||
Starwood Property Trust, Inc. |
36,200 | (760,924 | ) | |||||||
Two Harbors Investment Corp. |
19,050 | (265,366 | ) | |||||||
ARMOUR Residential REIT, Inc. |
15,160 | (292,891 | ) | |||||||
BGC Group, Inc.,Class A |
1,800 | (12,996 | ) | |||||||
Claros Mortgage Trust, Inc. |
2,700 | (36,801 | ) | |||||||
Enova International, Inc. (a) |
41,089 | (2,274,687 | ) | |||||||
FleetCor Technologies, Inc. (a) |
1,100 | (310,871 | ) |
See Notes to Consolidated Schedule of Investments.
83
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Ryvyl, Inc. (a) |
270 | $ | (1,123 | ) | ||||||
Interactive Brokers Group, Inc.,Class A |
11,968 | (992,147 | ) | |||||||
Katapult Holdings, Inc. (a) |
56 | (612 | ) | |||||||
Orchid Island Capital, Inc. |
13,100 | (110,433 | ) | |||||||
Regional Management Corp. |
16,155 | (405,167 | ) | |||||||
Rocket Cos., Inc.,Class A (a) |
4,300 | (62,264 | ) | |||||||
AlTi Global, Inc. (a) |
300 | (2,628 | ) | |||||||
NCR Atleos Corp. (a) |
400 | (9,716 | ) | |||||||
PRA Group, Inc. (a) |
200 | (5,240 | ) | |||||||
Bank of New York Mellon Corp. (The) |
2,600 | (135,330 | ) | |||||||
Climate Real Impact Solutions II Acquisition Corp.,Class A (a),(c) |
256,050 | (11,271 | ) | |||||||
|
|
|||||||||
(52,937,606 | ) | |||||||||
|
|
|||||||||
Food & Staples Retailing 0.0% |
||||||||||
Maplebear, Inc. (a) |
12,200 | (286,334 | ) | |||||||
|
|
|||||||||
Food, Beverage & Tobacco (0.2)% |
||||||||||
Lamb Weston Holdings, Inc. |
24,100 | (2,604,969 | ) | |||||||
Archer-Daniels-Midland Co. |
1,500 | (108,330 | ) | |||||||
Benson Hill, Inc. (a) |
7,700 | (1,338 | ) | |||||||
Cal-Maine Foods, Inc. |
100 | (5,739 | ) | |||||||
Constellation Brands, Inc.,Class A |
7,200 | (1,740,600 | ) | |||||||
Freshpet, Inc. (a) |
100 | (8,676 | ) | |||||||
Mission Produce, Inc. (a) |
1,500 | (15,135 | ) | |||||||
Pilgrims Pride Corp. (a) |
8,500 | (235,110 | ) | |||||||
Seneca Foods Corp.,Class A (a) |
100 | (5,244 | ) | |||||||
Utz Brands, Inc. |
3,100 | (50,344 | ) | |||||||
Zevia PBC,Class A (a) |
1,600 | (3,216 | ) | |||||||
BRC, Inc.,Class A (a) |
11,000 | (39,930 | ) | |||||||
Hershey Co. (The) (c) |
3,219 | (600,150 | ) | |||||||
Calavo Growers, Inc. |
100 | (2,941 | ) | |||||||
Darling Ingredients, Inc. (a) |
5,000 | (249,200 | ) | |||||||
Farmer Bros Co. (a) |
1,700 | (5,202 | ) | |||||||
Kraft Heinz Co. |
2,200 | (81,356 | ) | |||||||
Whole Earth Brands, Inc. (a) |
3,700 | (12,617 | ) | |||||||
RiceBran Technologies (a) |
80 | 0 | ||||||||
Brown-Forman Corp.,Class B |
5,000 | (285,500 | ) | |||||||
Westrock Coffee Co. (a) |
2,200 | (22,462 | ) | |||||||
Stryve Foods, Inc.,Class A (a) |
120 | (312 | ) | |||||||
SunOpta, Inc. (a) |
5,800 | (31,726 | ) | |||||||
Alkaline Water Co., Inc. (a) |
80 | (21 | ) | |||||||
Bunge Global SA |
8,300 | (837,885 | ) | |||||||
Mondelez International, Inc.,Class A |
1,400 | (101,402 | ) | |||||||
|
|
|||||||||
(7,049,405 | ) | |||||||||
|
|
|||||||||
Health Care Equipment & Services (0.1)% |
||||||||||
Invitae Corp. (a) |
41,000 | (25,699 | ) | |||||||
Dexcom, Inc. (a) |
1,700 | (210,953 | ) | |||||||
Insulet Corp. (a) |
100 | (21,698 | ) | |||||||
STERIS PLC |
100 | (21,985 | ) | |||||||
AdaptHealth Corp. (a) |
7,400 | (53,946 | ) | |||||||
Agiliti, Inc. (a) |
2,800 | (22,176 | ) | |||||||
agilon health, Inc. (a) |
33,600 | (421,680 | ) | |||||||
Asensus Surgical, Inc. (a) |
34,930 | (11,139 | ) |
See Notes to Consolidated Schedule of Investments.
84
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Aveanna Healthcare Holdings, Inc. (a) |
1,900 | $ | (5,092 | ) | ||||||
Biomerica, Inc. (a) |
700 | (875 | ) | |||||||
BioSig Technologies, Inc. (a) |
5,500 | (2,613 | ) | |||||||
DarioHealth Corp. (a) |
2,700 | (4,644 | ) | |||||||
Enzo Biochem, Inc. (a) |
2,000 | (2,780 | ) | |||||||
Fulgent Genetics, Inc. (a) |
2,300 | (66,493 | ) | |||||||
iRhythm Technologies, Inc. (a) |
5,000 | (535,200 | ) | |||||||
Inspire Medical Systems, Inc. (a) |
6,200 | (1,261,266 | ) | |||||||
Innovage Holding Corp. (a) |
300 | (1,800 | ) | |||||||
Lucid Diagnostics, Inc. (a) |
900 | (1,269 | ) | |||||||
Milestone Scientific, Inc. (a) |
300 | (207 | ) | |||||||
ModivCare, Inc. (a) |
500 | (21,995 | ) | |||||||
Multiplan Corp. (a) |
19,400 | (27,936 | ) | |||||||
Neogen Corp. (a) |
20,000 | (402,200 | ) | |||||||
OrthoPediatrics Corp. (a) |
300 | (9,753 | ) | |||||||
Penumbra, Inc. (a) |
1,300 | (327,002 | ) | |||||||
PetVivo Holdings, Inc. (a) |
300 | (318 | ) | |||||||
Sanara Medtech, Inc. (a) |
100 | (4,110 | ) | |||||||
Senseonics Holdings, Inc. (a) |
46,000 | (26,225 | ) | |||||||
Sharecare, Inc. (a) |
23,700 | (25,596 | ) | |||||||
Shockwave Medical, Inc. (a) |
1,900 | (362,064 | ) | |||||||
Sight Sciences, Inc. (a) |
200 | (1,032 | ) | |||||||
Universal Health Services, Inc.,Class B |
1,100 | (167,684 | ) | |||||||
VolitionRX Ltd. (a) |
900 | (645 | ) | |||||||
Zomedica Corp. (a) |
92,300 | (18,478 | ) | |||||||
McKesson Corp. |
100 | (46,298 | ) | |||||||
AMN Healthcare Services, Inc. (a) |
1,800 | (134,784 | ) | |||||||
Cross Country Healthcare, Inc. (a) |
500 | (11,320 | ) | |||||||
Apyx Medical Corp. (a) |
2,000 | (5,240 | ) | |||||||
Bausch & Lomb Corp. (a) |
3,300 | (56,298 | ) | |||||||
Butterfly Network, Inc. (a) |
48,800 | (52,704 | ) | |||||||
ClearPoint Neuro, Inc. (a) |
1,300 | (8,827 | ) | |||||||
QuidelOrtho Corp. (a) |
856 | (63,087 | ) | |||||||
DocGo, Inc. (a) |
4,300 | (24,037 | ) | |||||||
Eargo, Inc. (a) |
330 | (855 | ) | |||||||
Embecta Corp. |
5,900 | (111,687 | ) | |||||||
ENDRA Life Sciences, Inc. (a) |
245 | (519 | ) | |||||||
P3 Health Partners, Inc. (a) |
4,800 | (6,768 | ) | |||||||
Rockwell Medical, Inc. (a) |
1,236 | (2,336 | ) | |||||||
Tenet Healthcare Corp. (a) |
5,300 | (400,521 | ) | |||||||
Vivani Medical, Inc. (a) |
666 | (679 | ) | |||||||
CareMax, Inc. (a) |
3,600 | (1,794 | ) | |||||||
Axogen, Inc. (a) |
1,200 | (8,196 | ) | |||||||
Beyond Air, Inc. (a) |
5,100 | (9,996 | ) | |||||||
Biotricity, Inc. (a) |
250 | (295 | ) | |||||||
Bluejay Diagnostics, Inc. (a) |
30 | (36 | ) | |||||||
Bright Health Group, Inc. (a) |
200 | (1,526 | ) | |||||||
Envista Holdings Corp. (a) |
4,000 | (96,240 | ) | |||||||
GE HealthCare Technologies, Inc. |
1,200 | (92,784 | ) | |||||||
Laboratory Corp. of America Holdings |
3,100 | (704,599 | ) | |||||||
Orchestra BioMed Holdings, Inc. (a) |
800 | (7,304 | ) | |||||||
Predictive Oncology, Inc. (a) |
325 | (1,069 | ) |
See Notes to Consolidated Schedule of Investments.
85
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Privia Health Group, Inc. (a) |
1,100 | $ | (25,333 | ) | ||||||
Progyny, Inc. (a) |
600 | (22,308 | ) | |||||||
RadNet, Inc. (a) |
800 | (27,816 | ) | |||||||
Schrodinger, Inc. (a) |
1,700 | (60,860 | ) | |||||||
GeneDx Holdings Corp. (a) |
600 | (1,650 | ) | |||||||
Inmode Ltd. (a) |
4,000 | (88,960 | ) | |||||||
TransMedics Group, Inc. (a) |
2,700 | (213,111 | ) | |||||||
Alignment Healthcare, Inc. (a) |
200 | (1,722 | ) | |||||||
Axonics, Inc. (a) |
1,900 | (118,237 | ) | |||||||
Cano Health, Inc. (a) |
380 | (2,231 | ) | |||||||
Enhabit, Inc. (a) |
1,300 | (13,455 | ) | |||||||
INVO BioScience, Inc. (a) |
43 | (58 | ) | |||||||
LifeMD, Inc. (a) |
1,200 | (9,948 | ) | |||||||
Masimo Corp. (a) |
300 | (35,163 | ) | |||||||
PAVmed, Inc. (a) |
740 | (3,049 | ) | |||||||
Pulse Biosciences, Inc. (a) |
300 | (3,672 | ) | |||||||
Tela Bio, Inc. (a) |
1,700 | (11,254 | ) | |||||||
Lantheus Holdings, Inc. (a) |
1,100 | (68,200 | ) | |||||||
|
|
|||||||||
(6,623,379 | ) | |||||||||
|
|
|||||||||
Household & Personal Products (0.1)% |
||||||||||
Beauty Health Co. (a) |
18,300 | (56,913 | ) | |||||||
Coty, Inc.,Class A (a) |
8,000 | (99,360 | ) | |||||||
Spectrum Brands Holdings, Inc. |
900 | (71,793 | ) | |||||||
Honest Co., Inc. (a) |
6,900 | (22,770 | ) | |||||||
Veru, Inc. (a) |
700 | (504 | ) | |||||||
elf Beauty, Inc. (a) |
6,000 | (866,040 | ) | |||||||
Kenvue, Inc. |
87,700 | (1,888,181 | ) | |||||||
|
|
|||||||||
(3,005,561 | ) | |||||||||
|
|
|||||||||
Insurance (0.1)% |
||||||||||
Lemonade, Inc. (a) |
10,173 | (164,090 | ) | |||||||
Aflac, Inc. |
9,100 | (750,750 | ) | |||||||
Assurant, Inc. |
1,900 | (320,131 | ) | |||||||
Atlantic American Corp. |
200 | (476 | ) | |||||||
Principal Financial Group, Inc. |
3,100 | (243,877 | ) | |||||||
Sun Life Financial, Inc. |
8,100 | (420,066 | ) | |||||||
Chubb Ltd. |
100 | (22,600 | ) | |||||||
RenaissanceRe Holdings Ltd. |
1,300 | (254,800 | ) | |||||||
Ambac Financial Group, Inc. (a) |
3,600 | (59,328 | ) | |||||||
GoHealth, Inc.,Class A (a) |
319 | (4,255 | ) | |||||||
Hagerty, Inc.,Class A (a) |
800 | (6,240 | ) | |||||||
Hippo Holdings, Inc. (a) |
1,124 | (10,251 | ) | |||||||
Manulife Financial Corp. |
66,700 | (1,474,070 | ) | |||||||
Caret Holdings, Inc.,Class A (a) |
517 | (5,418 | ) | |||||||
Old Republic International Corp. |
2,000 | (58,800 | ) | |||||||
MGIC Investment Corp. |
100 | (1,929 | ) | |||||||
|
|
|||||||||
(3,797,081 | ) | |||||||||
|
|
|||||||||
Materials (0.4)% |
||||||||||
International Flavors & Fragrances, Inc. |
9,400 | (761,118 | ) | |||||||
Ball Corp. |
9,600 | (552,192 | ) | |||||||
Nucor Corp. |
11,700 | (2,036,268 | ) | |||||||
Agnico Eagle Mines Ltd. |
33,300 | (1,826,505 | ) |
See Notes to Consolidated Schedule of Investments.
86
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
International Paper Co. |
29,400 | $ | (1,062,810 | ) | ||||||
Alto Ingredients, Inc. (a) |
3,500 | (9,310 | ) | |||||||
Equinox Gold Corp. (a) |
44,200 | (216,138 | ) | |||||||
First Majestic Silver Corp. |
13,100 | (80,565 | ) | |||||||
Ginkgo Bioworks Holdings, Inc. (a) |
339,300 | (573,417 | ) | |||||||
Graphic Packaging Holding Co. |
19,300 | (475,745 | ) | |||||||
Kaiser Aluminum Corp. |
500 | (35,595 | ) | |||||||
MAG Silver Corp. (a) |
4,100 | (42,681 | ) | |||||||
Nouveau Monde Graphite, Inc. (a) |
600 | (1,566 | ) | |||||||
Novagold Resources, Inc. (a) |
6,900 | (25,806 | ) | |||||||
Nutrien Ltd. |
11,500 | (647,795 | ) | |||||||
Quaker Chemical Corp. |
100 | (21,342 | ) | |||||||
SilverCrest Metals, Inc. (a) |
26,700 | (174,885 | ) | |||||||
Steel Dynamics, Inc. |
3,500 | (413,350 | ) | |||||||
Ardagh Metal Packaging SA |
15,300 | (58,752 | ) | |||||||
Albemarle Corp. |
36,300 | (5,244,624 | ) | |||||||
Piedmont Lithium, Inc. (a) |
5,000 | (141,150 | ) | |||||||
Linde plc |
1,300 | (533,923 | ) | |||||||
Algoma Steel Group, Inc. |
1,000 | (10,030 | ) | |||||||
Danimer Scientific, Inc. (a) |
18,300 | (18,666 | ) | |||||||
5E Advanced Materials, Inc. (a) |
2,100 | (2,961 | ) | |||||||
Hecla Mining Co. |
5,740 | (27,609 | ) | |||||||
Ivanhoe Electric, Inc. (a) |
3,900 | (39,312 | ) | |||||||
Dakota Gold Corp. (a) |
2,300 | (6,026 | ) | |||||||
MP Materials Corp. (a) |
34,700 | (688,795 | ) | |||||||
Olin Corp. |
800 | (43,160 | ) | |||||||
Mativ Holdings, Inc. |
5,500 | (84,205 | ) | |||||||
TMC the metals Co., Inc. (a) |
11,500 | (12,650 | ) | |||||||
Perimeter Solutions SA (a) |
4,100 | (18,860 | ) | |||||||
Aspen Aerogels, Inc. (a) |
4,400 | (69,432 | ) | |||||||
Compass Minerals International, Inc. |
500 | (12,660 | ) | |||||||
Crown Holdings, Inc. |
2,200 | (202,598 | ) | |||||||
i-80 Gold Corp. (a) |
26,300 | (46,288 | ) | |||||||
Ingevity Corp. (a) |
300 | (14,166 | ) | |||||||
Reto Eco-solutions, Inc. (a) |
200 | (71 | ) | |||||||
Alpha Metallurgical Resources, Inc. |
600 | (203,352 | ) | |||||||
Hycroft Mining Holding Corp. (a) |
4,060 | (9,947 | ) | |||||||
West Fraser Timber Co. Ltd. |
300 | (25,674 | ) | |||||||
American Battery Technology Co. (a) |
200 | (938 | ) | |||||||
|
|
|||||||||
(16,472,937 | ) | |||||||||
|
|
|||||||||
Media & Entertainment (0.1)% |
||||||||||
Trade Desk, Inc.,Class A (a) |
11,300 | (813,148 | ) | |||||||
fuboTV, Inc. (a) |
42,400 | (134,832 | ) | |||||||
Charter Communications, Inc.,Class A (a),(c) |
2,174 | (844,990 | ) | |||||||
Liberty Broadband Corp.,Class C (a) |
7,500 | (604,425 | ) | |||||||
Live Nation Entertainment, Inc. (a),(c) |
5,641 | (527,998 | ) | |||||||
Take-Two Interactive Software, Inc. (a) |
27,700 | (4,458,315 | ) | |||||||
News Corp.,Class A |
42,700 | (1,048,285 | ) | |||||||
Nexstar Media Group, Inc. (c) |
5,367 | (841,277 | ) | |||||||
Paramount Global,Class B (c) |
16,978 | (251,105 | ) | |||||||
Omnicom Group, Inc. |
8,200 | (709,382 | ) |
See Notes to Consolidated Schedule of Investments.
87
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Gray Television, Inc. |
5,100 | $ | (45,696 | ) | ||||||
Sphere Entertainment Co. (a) |
5,700 | (193,572 | ) | |||||||
MediaAlpha, Inc.,Class A (a) |
2,300 | (25,645 | ) | |||||||
PubMatic, Inc.,Class A (a) |
3,100 | (50,561 | ) | |||||||
EW Scripps Co.,Class A (a) |
3,600 | (28,764 | ) | |||||||
Stran & Co., Inc. (a) |
500 | (740 | ) | |||||||
Warner Bros Discovery, Inc. (a) |
28,174 | (320,620 | ) | |||||||
Comcast Corp.,Class A (c) |
13,623 | (597,369 | ) | |||||||
Atlanta Braves Holdings, Inc.,Class C (a) |
2,300 | (91,034 | ) | |||||||
AMC Networks, Inc.,Class A (a) |
400 | (7,516 | ) | |||||||
Arena Group Holdings, Inc. (a) |
400 | (952 | ) | |||||||
Cars.com, Inc. (a) |
600 | (11,382 | ) | |||||||
CuriosityStream, Inc. (a) |
1,200 | (648 | ) | |||||||
EverQuote, Inc.,Class A (a) |
3,900 | (47,736 | ) | |||||||
Kartoon Studios, Inc. (a) |
5,460 | (7,589 | ) | |||||||
System1, Inc. (a) |
700 | (1,554 | ) | |||||||
BuzzFeed, Inc. (a) |
3,200 | (800 | ) | |||||||
Cineverse Corp. (a) |
865 | (1,168 | ) | |||||||
GameSquare Holdings, Inc. (a) |
25 | (45 | ) | |||||||
IZEA Worldwide, Inc. (a) |
600 | (1,206 | ) | |||||||
Liberty Media Corp.-Liberty Formula One,Class A (a) |
1,200 | (69,576 | ) | |||||||
Liberty Media Corp.-Liberty SiriusXM,Class C (a) |
21,300 | (613,014 | ) | |||||||
National CineMedia, Inc. (a) |
9,360 | (38,750 | ) | |||||||
Sinclair, Inc. |
8,800 | (114,664 | ) | |||||||
ZipRecruiter, Inc.,Class A (a) |
2,500 | (34,750 | ) | |||||||
Alphabet, Inc.,Class C (a),(c) |
810 | (114,153 | ) | |||||||
Cargurus, Inc. (a) |
1,400 | (33,824 | ) | |||||||
Endeavor Group Holdings, Inc.,Class A |
4,500 | (106,785 | ) | |||||||
Getty Images Holdings, Inc. (a) |
4,300 | (22,575 | ) | |||||||
LQR House, Inc. (a) |
100 | (378 | ) | |||||||
|
|
|||||||||
(12,816,823 | ) | |||||||||
|
|
|||||||||
Pharmaceuticals, Biotechnology & Life Sciences (0.1)% |
||||||||||
Exact Sciences Corp. (a) |
500 | (36,990 | ) | |||||||
Agilent Technologies, Inc. |
100 | (13,903 | ) | |||||||
Catalent, Inc. (a) |
30,400 | (1,365,872 | ) | |||||||
Axsome Therapeutics, Inc. (a) |
10,500 | (835,695 | ) | |||||||
Actinium Pharmaceuticals, Inc. (a) |
186 | (945 | ) | |||||||
Invivyd, Inc. (a) |
2,700 | (10,638 | ) | |||||||
Aerovate Therapeutics, Inc. (a) |
200 | (4,526 | ) | |||||||
Agios Pharmaceuticals, Inc. (a) |
1,500 | (33,405 | ) | |||||||
AgeX Therapeutics, Inc. (a) |
900 | (347 | ) | |||||||
Akebia Therapeutics, Inc. (a) |
24,600 | (30,504 | ) | |||||||
Akoya Biosciences, Inc. (a) |
2,000 | (9,760 | ) | |||||||
Alpha Teknova, Inc. (a) |
300 | (1,119 | ) | |||||||
Amylyx Pharmaceuticals, Inc. (a) |
7,700 | (113,344 | ) | |||||||
Apellis Pharmaceuticals, Inc. (a) |
14,000 | (838,040 | ) | |||||||
Ardelyx, Inc. (a) |
3,500 | (21,700 | ) | |||||||
Arcturus Therapeutics Holdings, Inc. (a) |
2,300 | (72,519 | ) | |||||||
Atara Biotherapeutics, Inc. (a) |
16,500 | (8,461 | ) | |||||||
BioCardia, Inc. (a) |
1,000 | (664 | ) | |||||||
Blueprint Medicines Corp. (a) |
900 | (83,016 | ) |
See Notes to Consolidated Schedule of Investments.
88
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Capricor Therapeutics, Inc. (a) |
1,100 | $ | (5,379 | ) | ||||||
Centessa Pharmaceuticals PLC,ADR (a) |
1,900 | (15,124 | ) | |||||||
Cerevel Therapeutics Holdings, Inc. (a) |
1,400 | (59,360 | ) | |||||||
Citius Pharmaceuticals, Inc. (a) |
13,900 | (10,515 | ) | |||||||
Dare Bioscience, Inc. (a) |
5,200 | (1,607 | ) | |||||||
Dyadic International, Inc. (a) |
400 | (644 | ) | |||||||
Entrada Therapeutics, Inc. (a) |
400 | (6,036 | ) | |||||||
Fennec Pharmaceuticals, Inc. (a) |
800 | (8,976 | ) | |||||||
Galectin Therapeutics, Inc. (a),(b) |
1,340 | 0 | ||||||||
Galectin Therapeutics, Inc. (a) |
500 | (830 | ) | |||||||
Greenwich Lifesciences, Inc. (a) |
200 | (2,104 | ) | |||||||
Heron Therapeutics, Inc. (a) |
44,400 | (75,480 | ) | |||||||
IGM Biosciences, Inc. (a) |
4,400 | (36,564 | ) | |||||||
Icosavax, Inc. (a) |
1,800 | (28,368 | ) | |||||||
Ikena Oncology, Inc. (a) |
800 | (1,576 | ) | |||||||
ImmunityBio, Inc. (a) |
51,498 | (258,520 | ) | |||||||
ImmunoPrecise Antibodies Ltd. (a) |
200 | (342 | ) | |||||||
Inmune Bio, Inc. (a) |
800 | (9,008 | ) | |||||||
Janux Therapeutics, Inc. (a) |
300 | (3,219 | ) | |||||||
Krystal Biotech, Inc. (a) |
2,100 | (260,526 | ) | |||||||
Lexicon Pharmaceuticals, Inc. (a) |
300 | (459 | ) | |||||||
Longeveron, Inc.,Class A (a) |
400 | (544 | ) | |||||||
Matinas BioPharma Holdings, Inc. (a) |
47,500 | (10,270 | ) | |||||||
Mirati Therapeutics, Inc. (a) |
5,800 | (340,750 | ) | |||||||
Monte Rosa Therapeutics, Inc. (a) |
700 | (3,955 | ) | |||||||
Myriad Genetics, Inc. (a) |
2,300 | (44,022 | ) | |||||||
Nautilus Biotechnology, Inc. (a) |
1,000 | (2,990 | ) | |||||||
NeuroBo Pharmaceuticals, Inc. (a),(b) |
92 | (29 | ) | |||||||
Novavax, Inc. (a) |
21,300 | (102,240 | ) | |||||||
Nuvalent, Inc.,Class A (a) |
1,500 | (110,385 | ) | |||||||
Omega Therapeutics, Inc. (a) |
400 | (1,204 | ) | |||||||
Optinose, Inc. (a) |
1,200 | (1,548 | ) | |||||||
Orgenesis, Inc. (a) |
600 | (300 | ) | |||||||
Organon & Co. |
16,900 | (243,698 | ) | |||||||
Ovid therapeutics, Inc. (a) |
1,600 | (5,152 | ) | |||||||
PDL BioPharma, Inc. (a),(b) |
4,500 | (11,115 | ) | |||||||
Revvity, Inc. |
600 | (65,586 | ) | |||||||
Poseida Therapeutics, Inc. (a) |
500 | (1,680 | ) | |||||||
Protalix BioTherapeutics, Inc. (a) |
6,400 | (11,392 | ) | |||||||
Quantum-Si, Inc. (a) |
11,200 | (22,512 | ) | |||||||
SAB Biotherapeutics, Inc. (a) |
509 | (350 | ) | |||||||
SCYNEXIS, Inc. (a) |
5,500 | (12,265 | ) | |||||||
SELLAS Life Sciences Group, Inc. (a) |
267 | (283 | ) | |||||||
Sera Prognostics, Inc.,Class A (a) |
500 | (2,990 | ) | |||||||
SIGA Technologies, Inc. (a) |
900 | (5,040 | ) | |||||||
Summit Therapeutics, Inc. (a) |
22,100 | (57,681 | ) | |||||||
Tango Therapeutics, Inc. (a) |
200 | (1,980 | ) | |||||||
Tilray Brands, Inc. (a) |
198,200 | (455,860 | ) | |||||||
Titan Pharmaceuticals, Inc. (a) |
300 | (124 | ) | |||||||
Tyra Biosciences, Inc. (a) |
200 | (2,770 | ) | |||||||
Vaxart, Inc. (a) |
12,700 | (7,275 | ) | |||||||
Vaxcyte, Inc. (a) |
6,100 | (383,080 | ) |
See Notes to Consolidated Schedule of Investments.
89
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Vaxxinity, Inc.,Class A (a) |
1,900 | $ | (1,615 | ) | ||||||
Veracyte, Inc. (a) |
4,400 | (121,044 | ) | |||||||
Vir Biotechnology, Inc. (a) |
6,900 | (69,414 | ) | |||||||
Vor BioPharma, Inc. (a) |
1,100 | (2,475 | ) | |||||||
Voyager Therapeutics, Inc. (a) |
1,400 | (11,816 | ) | |||||||
X4 Pharmaceuticals, Inc. (a) |
900 | (755 | ) | |||||||
Xeris Biopharma Holdings, Inc. (a) |
6,042 | (14,199 | ) | |||||||
Kiniksa Pharmaceuticals Ltd.,Class A (a) |
600 | (10,524 | ) | |||||||
WaVe Life Sciences Ltd. (a) |
500 | (2,525 | ) | |||||||
Aadi Bioscience, Inc. (a) |
400 | (808 | ) | |||||||
Abeona Therapeutics, Inc. (a) |
2,228 | (11,162 | ) | |||||||
AcelRx Pharmaceuticals, Inc. (a) |
570 | (419 | ) | |||||||
Aceragen, Inc. (a) |
735 | (283 | ) | |||||||
Adaptimmune Therapeutics PLC,ADR (a) |
8,579 | (6,803 | ) | |||||||
Aeterna Zentaris, Inc. (a) |
248 | (461 | ) | |||||||
Agenus, Inc. (a) |
18,000 | (14,902 | ) | |||||||
Allakos, Inc. (a) |
5,600 | (15,288 | ) | |||||||
Aquestive Therapeutics, Inc. (a) |
1,800 | (3,636 | ) | |||||||
Aytu BioPharma, Inc. (a) |
21 | (60 | ) | |||||||
Bausch Health Cos., Inc. (a) |
44,800 | (359,296 | ) | |||||||
BioLife Solutions, Inc. (a) |
3,100 | (50,375 | ) | |||||||
Bluebird Bio, Inc. (a) |
2,100 | (2,898 | ) | |||||||
Bright Green Corp. (a) |
7,600 | (2,509 | ) | |||||||
Cabaletta Bio, Inc. (a) |
2,400 | (54,480 | ) | |||||||
Lisata Therapeutics, Inc. (a) |
200 | (546 | ) | |||||||
Carisma Therapeutics, Inc. (a) |
2,778 | (8,140 | ) | |||||||
Catalyst Biosciences, Inc. (a),(b) |
4,600 | 0 | ||||||||
Checkpoint Therapeutics, Inc. (a) |
4,500 | (10,305 | ) | |||||||
Cidara Therapeutics, Inc. (a) |
4,548 | (3,611 | ) | |||||||
Cronos Group, Inc. (a) |
22,600 | (47,234 | ) | |||||||
Cytek Biosciences, Inc. (a) |
7,700 | (70,224 | ) | |||||||
Foghorn Therapeutics, Inc. (a) |
900 | (5,805 | ) | |||||||
Gemini Therapeutics, Inc. (a),(b) |
1,300 | 0 | ||||||||
Gritstone bio, Inc. (a) |
5,900 | (12,036 | ) | |||||||
HilleVax, Inc. (a) |
400 | (6,420 | ) | |||||||
IM Cannabis Corp. (a) |
270 | (95 | ) | |||||||
Inotiv, Inc. (a) |
300 | (1,101 | ) | |||||||
Intra-Cellular Therapies, Inc. (a) |
300 | (21,486 | ) | |||||||
iTeos Therapeutics, Inc. (a) |
3,000 | (32,850 | ) | |||||||
Jaguar Health, Inc. (a) |
3 | 0 | ||||||||
Zevra Therapeutics, Inc. (a) |
2,700 | (17,685 | ) | |||||||
Lifecore Biomedical, Inc. (a) |
300 | (1,857 | ) | |||||||
Mind Medicine MindMed, Inc. (a) |
2,006 | (7,342 | ) | |||||||
OmniAb, Inc. (a) |
4,700 | (28,999 | ) | |||||||
OpGen, Inc. (a) |
5 | (2 | ) | |||||||
Outlook Therapeutics, Inc. (a) |
3,100 | (1,221 | ) | |||||||
Palatin Technologies, Inc. (a) |
576 | (2,292 | ) | |||||||
Pluri, Inc. (a) |
500 | (290 | ) | |||||||
Regulus Therapeutics, Inc. (a) |
200 | (256 | ) | |||||||
Rhythm Pharmaceuticals, Inc. (a) |
6,300 | (289,611 | ) | |||||||
Scholar Rock Holding Corp. (a) |
2,200 | (41,360 | ) | |||||||
Seres Therapeutics, Inc. (a) |
7,300 | (10,220 | ) |
See Notes to Consolidated Schedule of Investments.
90
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Sesen Bio (a),(b) |
25,568 | $ | 0 | |||||||
SNDL, Inc. (a) |
73,240 | (120,114 | ) | |||||||
Spero Therapeutics, Inc. (a) |
4,302 | (6,324 | ) | |||||||
Taysha Gene Therapies, Inc. (a) |
8,300 | (14,691 | ) | |||||||
TherapeuticsMD, Inc. (a) |
430 | (968 | ) | |||||||
UNITY Biotechnology, Inc. (a) |
1,210 | (2,335 | ) | |||||||
Beyondspring, Inc. (a) |
1,000 | (888 | ) | |||||||
CASI Pharmaceuticals Holdings, Inc. (a) |
330 | (2,399 | ) | |||||||
Iterum Therapeutics PLC (a) |
913 | (1,799 | ) | |||||||
Arcutis Biotherapeutics, Inc. (a) |
3,700 | (11,951 | ) | |||||||
Avadel Pharmaceuticals PLC,ADR (a) |
7,300 | (103,076 | ) | |||||||
Avantor, Inc. (a) |
21,500 | (490,845 | ) | |||||||
BriaCell Therapeutics Corp. (a) |
600 | (3,510 | ) | |||||||
Celldex Therapeutics, Inc. (a) |
2,100 | (83,286 | ) | |||||||
Day One Biopharmaceuticals, Inc. (a) |
500 | (7,300 | ) | |||||||
DermTech, Inc. (a) |
3,200 | (5,600 | ) | |||||||
Elanco Animal Health, Inc. (a) |
2,000 | (29,800 | ) | |||||||
Evolus, Inc. (a) |
200 | (2,106 | ) | |||||||
Fortrea Holdings, Inc. (a) |
18,000 | (628,200 | ) | |||||||
Halozyme Therapeutics, Inc. (a) |
4,200 | (155,232 | ) | |||||||
Harpoon Therapeutics, Inc. (a) |
552 | (6,276 | ) | |||||||
Hepion Pharmaceuticals, Inc. (a) |
265 | (867 | ) | |||||||
Iovance Biotherapeutics, Inc. (a) |
30,900 | (251,217 | ) | |||||||
Karuna Therapeutics, Inc. (a) |
900 | (284,859 | ) | |||||||
Lineage Cell Therapeutics, Inc. (a) |
10,100 | (11,009 | ) | |||||||
Madrigal Pharmaceuticals, Inc. (a) |
4,500 | (1,041,210 | ) | |||||||
Merrimack Pharmaceuticals, Inc. (a) |
100 | (1,341 | ) | |||||||
MoonLake Immunotherapeutics (a) |
2,500 | (150,975 | ) | |||||||
NeuBase Therapeutics, Inc. (a) |
49 | (36 | ) | |||||||
NovaBay Pharmaceuticals, Inc. (a) |
41 | (8 | ) | |||||||
Ocuphire Pharma, Inc. (a) |
2,400 | (7,224 | ) | |||||||
Oncocyte Corp. (a) |
200 | (496 | ) | |||||||
Organigram Holdings, Inc. (a) |
7,675 | (10,054 | ) | |||||||
Precigen, Inc. (a) |
8,000 | (10,720 | ) | |||||||
Revance Therapeutics, Inc. (a) |
20,200 | (177,558 | ) | |||||||
Scilex Holding Co. (a) |
11,154 | (22,754 | ) | |||||||
scPharmaceuticals, Inc. (a) |
3,200 | (20,064 | ) | |||||||
Cartesian Therapeutics, Inc. (a) |
2,700 | (1,861 | ) | |||||||
Vistagen Therapeutics, Inc. (a) |
753 | (3,870 | ) | |||||||
Zymeworks, Inc. (a) |
7,100 | (73,769 | ) | |||||||
Meiragtx Holdings PLC (a) |
4,300 | (30,186 | ) | |||||||
Structure Therapeutics, Inc.,ADR (a) |
4,300 | (175,268 | ) | |||||||
Trevena, Inc. (a) |
3 | (2 | ) | |||||||
TScan Therapeutics, Inc. (a) |
1,600 | (9,328 | ) | |||||||
Vaccinex, Inc. (a) |
40 | (27 | ) | |||||||
ACELYRIN, Inc. (a) |
2,200 | (16,412 | ) | |||||||
DMK Pharmaceuticals Corp. (a) |
20 | (14 | ) | |||||||
Adaptive Biotechnologies Corp. (a) |
8,900 | (43,610 | ) | |||||||
Adial Pharmaceuticals, Inc. (a) |
232 | (432 | ) | |||||||
Spyre Therapeutics, Inc. (a) |
48 | (1,033 | ) | |||||||
Akero Therapeutics, Inc. (a) |
4,200 | (98,070 | ) | |||||||
Annovis Bio, Inc. (a) |
300 | (5,610 | ) |
See Notes to Consolidated Schedule of Investments.
91
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Alzamend Neuro, Inc. (a) |
33 | $ | (30 | ) | ||||||
Celcuity, Inc. (a) |
300 | (4,371 | ) | |||||||
CryoPort, Inc. (a) |
200 | (3,098 | ) | |||||||
Eyenovia, Inc. (a) |
1,000 | (2,080 | ) | |||||||
Fortress Biotech, Inc. (a) |
680 | (2,047 | ) | |||||||
Korro Bio, Inc. (a) |
200 | (9,586 | ) | |||||||
MacroGenics, Inc. (a) |
1,100 | (10,582 | ) | |||||||
Ambrx Biopharma, Inc. (a) |
10,300 | (146,672 | ) | |||||||
Ocular Therapeutix, Inc. (a) |
3,000 | (13,380 | ) | |||||||
Praxis Precision Medicines, Inc. (a) |
60 | (1,337 | ) | |||||||
REVOLUTION Medicines, Inc. (a) |
45 | (1,291 | ) | |||||||
Sana Biotechnology, Inc. (a) |
200 | (816 | ) | |||||||
Tracon Pharmaceuticals, Inc. (a) |
100 | (18 | ) | |||||||
T2 Biosystems, Inc. (a) |
1,245 | (7,812 | ) | |||||||
vTv Therapeutics, Inc.,Class A (a) |
30 | (345 | ) | |||||||
Roivant Sciences Ltd. (a) |
6,300 | (70,749 | ) | |||||||
Perrigo Co. PLC |
1,100 | (35,398 | ) | |||||||
Altimmune, Inc. (a) |
16,600 | (186,750 | ) | |||||||
Anavex Life Sciences Corp. (a) |
100 | (931 | ) | |||||||
Canopy Growth Corp. (a) |
17,150 | (87,636 | ) | |||||||
EyePoint Pharmaceuticals, Inc. (a) |
100 | (2,311 | ) | |||||||
Genelux Corp. (a) |
200 | (2,802 | ) | |||||||
Solid Biosciences, Inc. (a) |
27 | (166 | ) | |||||||
Verrica Pharmaceuticals, Inc. (a) |
500 | (3,660 | ) | |||||||
Viking Therapeutics, Inc. (a) |
1,500 | (27,915 | ) | |||||||
|
|
|||||||||
(12,302,257 | ) | |||||||||
|
|
|||||||||
Real Estate Management & Development (0.1)% |
||||||||||
CoStar Group, Inc. (a) |
8,900 | (777,771 | ) | |||||||
Jones Lang LaSalle, Inc. (a) |
1,300 | (245,531 | ) | |||||||
CBRE Group, Inc.,Class A (a) |
29,831 | (2,776,968 | ) | |||||||
Fathom Holdings, Inc. (a) |
400 | (1,436 | ) | |||||||
Newmark Group, Inc.,Class A |
2,200 | (24,112 | ) | |||||||
Tricon Residential, Inc. |
16,700 | (151,970 | ) | |||||||
Altisource Portfolio Solutions SA (a) |
2,000 | (7,120 | ) | |||||||
Avalon GloboCare Corp. (a) |
550 | (266 | ) | |||||||
Compass, Inc.,Class A (a) |
2,600 | (9,776 | ) | |||||||
DigitalBridge Group, Inc. |
5,906 | (103,591 | ) | |||||||
Kennedy-Wilson Holdings, Inc. |
4,600 | (56,948 | ) | |||||||
Colliers International Group, Inc. |
700 | (88,564 | ) | |||||||
Doma Holdings, Inc. (a) |
300 | (1,389 | ) | |||||||
Howard Hughes Holdings, Inc. (a) |
1,600 | (136,880 | ) | |||||||
eXp World Holdings, Inc. |
500 | (7,760 | ) | |||||||
|
|
|||||||||
(4,390,082 | ) | |||||||||
|
|
|||||||||
Semiconductors & Semiconductor Equipment (0.7)% |
||||||||||
Analog Devices, Inc. |
5,200 | (1,032,512 | ) | |||||||
Broadcom, Inc. |
8,800 | (9,823,000 | ) | |||||||
Enphase Energy, Inc. (a),(c) |
43,970 | (5,810,196 | ) | |||||||
Monolithic Power Systems, Inc. |
800 | (504,624 | ) | |||||||
Marvell Technology, Inc. |
16,900 | (1,019,239 | ) | |||||||
ACM Research, Inc.,Class A (a) |
700 | (13,678 | ) | |||||||
First Solar, Inc. (a) |
21,300 | (3,669,564 | ) |
See Notes to Consolidated Schedule of Investments.
92
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
ON Semiconductor Corp. (a) |
51,400 | $ | (4,293,442 | ) | ||||||
SolarEdge Technologies, Inc. (a),(c) |
9,745 | (912,132 | ) | |||||||
Aehr Test Systems (a) |
5,100 | (135,303 | ) | |||||||
Rigetti Computing, Inc. (a) |
3,200 | (3,152 | ) | |||||||
Transphorm, Inc. (a) |
100 | (365 | ) | |||||||
ARM Holdings PLC,ADR (a) |
4,900 | (368,211 | ) | |||||||
Canadian Solar, Inc. (a) |
14,500 | (380,335 | ) | |||||||
Intel Corp. (c) |
14,921 | (749,780 | ) | |||||||
Universal Display Corp. |
700 | (133,882 | ) | |||||||
Atomera, Inc. (a) |
600 | (4,206 | ) | |||||||
Impinj, Inc. (a) |
200 | (18,006 | ) | |||||||
|
|
|||||||||
(28,871,627 | ) | |||||||||
|
|
|||||||||
Software & Services (0.1)% |
||||||||||
Bill Holdings, Inc. (a) |
10,000 | (815,900 | ) | |||||||
Guidewire Software, Inc. (a) |
1,600 | (174,464 | ) | |||||||
Autodesk, Inc. (a) |
900 | (219,132 | ) | |||||||
Cloudflare, Inc.,Class A (a),(c) |
129 | (10,741 | ) | |||||||
Datadog, Inc.,Class A (a),(c) |
294 | (35,686 | ) | |||||||
HubSpot, Inc. (a),(c) |
75 | (43,540 | ) | |||||||
DXC Technology Co. (a) |
4,500 | (102,915 | ) | |||||||
Aurora Innovation, Inc. (a) |
4,800 | (20,976 | ) | |||||||
Blend Labs, Inc.,Class A (a) |
8,200 | (20,910 | ) | |||||||
CS Disco, Inc. (a) |
400 | (3,036 | ) | |||||||
Cognizant Technology Solutions Corp.,Class A |
2,800 | (211,484 | ) | |||||||
Couchbase, Inc. (a) |
1,100 | (24,772 | ) | |||||||
E2open Parent Holdings, Inc. (a) |
20,800 | (91,312 | ) | |||||||
EverCommerce, Inc. (a) |
1,000 | (11,030 | ) | |||||||
Five9, Inc. (a) |
6,200 | (487,878 | ) | |||||||
Glimpse Group, Inc. (a) |
500 | (565 | ) | |||||||
Lightspeed Commerce, Inc. (a) |
7,100 | (149,029 | ) | |||||||
Matterport, Inc. (a) |
7,700 | (20,713 | ) | |||||||
MeridianLink, Inc. (a) |
1,000 | (24,770 | ) | |||||||
nCino, Inc. (a) |
32,722 | (1,100,441 | ) | |||||||
Porch Group, Inc. (a) |
20,800 | (64,064 | ) | |||||||
Quantum Computing, Inc. (a) |
10,829 | (9,888 | ) | |||||||
Riot Platforms, Inc. (a) |
61,900 | (957,593 | ) | |||||||
Thoughtworks Holding, Inc. (a) |
900 | (4,329 | ) | |||||||
Veritone, Inc. (a) |
7,300 | (13,213 | ) | |||||||
WM Technology, Inc. (a) |
5,400 | (3,890 | ) | |||||||
Globant SA (a) |
2,900 | (690,142 | ) | |||||||
Procore Technologies, Inc. (a) |
1,800 | (124,596 | ) | |||||||
Fair Isaac Corp. (a),(c) |
56 | (65,185 | ) | |||||||
Aspen Technology, Inc. (a) |
1,700 | (374,255 | ) | |||||||
C3.ai, Inc.,Class A (a),(c) |
1,337 | (38,385 | ) | |||||||
Roper Technologies, Inc. |
3,600 | (1,962,612 | ) | |||||||
Applied Digital Corp. (a) |
4,000 | (26,960 | ) | |||||||
Braze, Inc.,Class A (a) |
900 | (47,817 | ) | |||||||
CGI, Inc. (a) |
800 | (85,768 | ) | |||||||
Consensus Cloud Solutions, Inc. (a) |
700 | (18,347 | ) | |||||||
EPAM Systems, Inc. (a) |
3,000 | (892,020 | ) | |||||||
NextNav, Inc. (a) |
1,900 | (8,455 | ) |
See Notes to Consolidated Schedule of Investments.
93
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Open Text Corp. |
7,100 | $ | (298,342 | ) | ||||||
Rekor Systems, Inc. (a) |
3,800 | (12,654 | ) | |||||||
Remark Holdings, Inc. (a) |
4,340 | (2,149 | ) | |||||||
BigBear.ai Holdings, Inc. (a) |
31,207 | (66,783 | ) | |||||||
BlackBerry Ltd. (a) |
32,700 | (115,758 | ) | |||||||
BlackLine, Inc. (a) |
1,200 | (74,928 | ) | |||||||
DigitalOcean Holdings, Inc. (a),(c) |
629 | (23,078 | ) | |||||||
D-Wave Quantum, Inc. (a) |
13,300 | (11,705 | ) | |||||||
Shopify, Inc.,Class A (a),(c) |
3,361 | (261,822 | ) | |||||||
SoundHound AI, Inc.,Class A (a) |
46,800 | (99,216 | ) | |||||||
Sphere 3D Corp. (a) |
3,214 | (10,670 | ) | |||||||
Stronghold Digital Mining, Inc.,Class A (a) |
1,600 | (11,680 | ) | |||||||
Terawulf, Inc. (a) |
18,400 | (44,160 | ) | |||||||
Verb Technology Co., Inc. (a) |
25 | (4 | ) | |||||||
Adeia, Inc. |
2,000 | (24,780 | ) | |||||||
Alteryx, Inc.,Class A (a) |
3,900 | (183,924 | ) | |||||||
ANSYS, Inc. (a) |
2,500 | (907,200 | ) | |||||||
Adobe, Inc. (a),(c) |
376 | (224,322 | ) | |||||||
Rubicon Technologies, Inc. (a) |
2,500 | (4,625 | ) | |||||||
HUT 8 Corp. (a) |
2,800 | (37,352 | ) | |||||||
|
|
|||||||||
(11,371,965 | ) | |||||||||
|
|
|||||||||
Technology Hardware & Equipment (0.2)% |
||||||||||
Cognex Corp. |
800 | (33,392 | ) | |||||||
Vuzix Corp. (a) |
5,600 | (11,676 | ) | |||||||
AEye, Inc. (a) |
270 | (618 | ) | |||||||
AmpliTech Group, Inc. (a) |
100 | (191 | ) | |||||||
CDW Corp. |
5,700 | (1,295,724 | ) | |||||||
Corsair Gaming, Inc. (a) |
1,300 | (18,330 | ) | |||||||
Eastman Kodak Co. (a) |
700 | (2,730 | ) | |||||||
Lightwave Logic, Inc. (a) |
5,800 | (28,884 | ) | |||||||
Mirion Technologies, Inc. (a) |
16,000 | (164,000 | ) | |||||||
908 Devices, Inc. (a) |
1,800 | (20,196 | ) | |||||||
Novanta, Inc. (a) |
1,100 | (185,251 | ) | |||||||
Ondas Holdings, Inc. (a) |
12,000 | (18,360 | ) | |||||||
Red Cat Holdings, Inc. (a) |
2,200 | (1,936 | ) | |||||||
SigmaTron International, Inc. (a) |
500 | (1,500 | ) | |||||||
SmartRent, Inc. (a) |
9,300 | (29,667 | ) | |||||||
Socket Mobile, Inc. (a) |
200 | (236 | ) | |||||||
Ubiquiti, Inc. |
600 | (83,736 | ) | |||||||
Vontier Corp. |
5,600 | (193,480 | ) | |||||||
Wrap Technologies, Inc. (a) |
1,700 | (5,270 | ) | |||||||
MicroVision, Inc. (a) |
7,300 | (19,418 | ) | |||||||
ADTRAN Holdings, Inc. |
6,200 | (45,508 | ) | |||||||
Coherent Corp. (a) |
400 | (17,412 | ) | |||||||
Arista Networks, Inc. (a),(c) |
2,004 | (471,962 | ) | |||||||
Cisco Systems, Inc. (c) |
3,377 | (170,606 | ) | |||||||
Amphenol Corp.,Class A |
1,700 | (168,521 | ) | |||||||
Clearfield, Inc. (a) |
2,500 | (72,700 | ) | |||||||
COMSovereign Holding Corp. (a) |
500 | (401 | ) | |||||||
Digital Ally, Inc. (a) |
155 | (326 | ) | |||||||
Knowles Corp. (a) |
1,000 | (17,910 | ) |
See Notes to Consolidated Schedule of Investments.
94
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||
Lantronix, Inc. (a) |
200 | $ | (1,172 | ) | ||||||
Applied Optoelectronics, Inc. (a) |
7,600 | (146,832 | ) | |||||||
Belden, Inc. |
100 | (7,725 | ) | |||||||
Cepton, Inc. (a) |
400 | (1,256 | ) | |||||||
Ouster, Inc. (a) |
8,670 | (66,499 | ) | |||||||
Super Micro Computer, Inc. (a),(c) |
15,398 | (4,377,035 | ) | |||||||
Viasat, Inc. (a) |
7,400 | (206,830 | ) | |||||||
Vislink Technologies, Inc. (a) |
115 | (444 | ) | |||||||
Akoustis Technologies, Inc. (a) |
16,300 | (13,594 | ) | |||||||
Alpine 4 Holdings, Inc. (a) |
2,325 | (1,709 | ) | |||||||
Luna Innovations, Inc. (a) |
1,200 | (7,980 | ) | |||||||
|
|
|||||||||
(7,911,017 | ) | |||||||||
|
|
|||||||||
Telecommunication Services 0.0% |
||||||||||
AT&T, Inc. (c) |
25,747 | (432,035 | ) | |||||||
Cogent Communications Holdings, Inc. |
300 | (22,818 | ) | |||||||
Frontier Communications Parent, Inc. (a) |
33,600 | (851,424 | ) | |||||||
ATN International, Inc. |
100 | (3,897 | ) | |||||||
AST SpaceMobile, Inc. (a) |
100 | (603 | ) | |||||||
BCE, Inc. |
7,900 | (311,102 | ) | |||||||
Globalstar, Inc. (a) |
700 | (1,358 | ) | |||||||
Tingo Group, Inc. (a) |
3,800 | (2,622 | ) | |||||||
Rogers Communications, Inc.,Class B |
3,000 | (140,430 | ) | |||||||
Shenandoah Telecommunications Co. |
1,100 | (23,782 | ) | |||||||
SurgePays, Inc. (a) |
1,500 | (9,675 | ) | |||||||
TELUS Corp. |
31,900 | (567,501 | ) | |||||||
Millicom International Cellular SA (a) |
1,300 | (23,400 | ) | |||||||
Anterix, Inc. (a) |
100 | (3,332 | ) | |||||||
|
|
|||||||||
(2,393,979 | ) | |||||||||
|
|
|||||||||
Transportation (0.3)% |
||||||||||
XPO, Inc. (a) |
5,600 | (490,504 | ) | |||||||
Canadian National Railway Co. |
6,400 | (804,032 | ) | |||||||
Delta Air Lines, Inc. |
29,300 | (1,178,739 | ) | |||||||
Spirit Airlines, Inc. (a) |
33,500 | (549,065 | ) | |||||||
Blade Air Mobility, Inc. (a) |
7,600 | (26,828 | ) | |||||||
FedEx Corp. |
4,100 | (1,037,177 | ) | |||||||
Frontier Group Holdings, Inc. (a) |
21,500 | (117,390 | ) | |||||||
Hertz Global Holdings, Inc. (a) |
43,200 | (448,848 | ) | |||||||
Matson, Inc. |
2,000 | (219,200 | ) | |||||||
Sun Country Airlines Holdings, Inc. (a) |
100 | (1,573 | ) | |||||||
Joby Aviation, Inc. (a) |
500 | (3,325 | ) | |||||||
United Airlines Holdings, Inc. (a) |
66,800 | (2,756,168 | ) | |||||||
Union Pacific Corp. |
2,600 | (638,612 | ) | |||||||
Hawaiian Holdings, Inc. (a) |
13,300 | (188,860 | ) | |||||||
Saia, Inc. (a) |
1,100 | (482,042 | ) | |||||||
Alaska Air Group, Inc. (a) |
18,600 | (726,702 | ) | |||||||
FTAI Infrastructure, Inc. |
2,500 | (9,725 | ) | |||||||
Canadian Pacific Kansas City Ltd. |
29,430 | (2,326,736 | ) | |||||||
JetBlue Airways Corp. (a) |
103,300 | (573,315 | ) | |||||||
SkyWest, Inc. (a) |
1,100 | (57,420 | ) | |||||||
Wheels Up Experience, Inc. (a) |
10 | (34 | ) | |||||||
Allegiant Travel Co. |
700 | (57,827 | ) |
See Notes to Consolidated Schedule of Investments.
95
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
Surf Air Mobility, Inc. (a) |
2,900 | $ | (4,495 | ) | ||||||||
|
|
|||||||||||
(12,698,617 | ) | |||||||||||
|
|
|||||||||||
Utilities (0.1)% |
||||||||||||
Southern Co. |
200 | (14,024 | ) | |||||||||
Brookfield Renewable Corp.,Class A |
7,200 | (207,288 | ) | |||||||||
Algonquin Power & Utilities Corp. |
54,500 | (344,440 | ) | |||||||||
Atmos Energy Corp. |
5,300 | (614,270 | ) | |||||||||
California Water Service Group |
800 | (41,496 | ) | |||||||||
Clearway Energy, Inc.,Class C |
7,400 | (202,982 | ) | |||||||||
Montauk Renewables, Inc. (a) |
500 | (4,455 | ) | |||||||||
NextEra Energy Partners LP |
11,400 | (346,674 | ) | |||||||||
Ormat Technologies, Inc. |
600 | (45,474 | ) | |||||||||
PG&E Corp. |
149,300 | (2,691,879 | ) | |||||||||
Southwest Gas Holdings, Inc. |
3,900 | (247,065 | ) | |||||||||
Sunnova Energy International, Inc. (a) |
36,000 | (549,000 | ) | |||||||||
UGI Corp. |
2,400 | (59,040 | ) | |||||||||
Brookfield Infrastructure Corp.,Class A |
9,600 | (338,688 | ) | |||||||||
Cadiz, Inc. (a) |
2,846 | (7,969 | ) | |||||||||
Constellation Energy Corp. |
1,000 | (116,890 | ) | |||||||||
ONE Gas, Inc. |
3,400 | (216,648 | ) | |||||||||
Public Service Enterprise Group, Inc. |
12,000 | (733,800 | ) | |||||||||
CMS Energy Corp. |
1,900 | (110,333 | ) | |||||||||
Spruce Power Holding Corp. (a) |
1,100 | (4,862 | ) | |||||||||
|
|
|||||||||||
(6,897,277 | ) | |||||||||||
|
|
|||||||||||
Total North America |
(464,176,547 | ) | ||||||||||
|
|
|||||||||||
Oceania (0.1)% |
||||||||||||
Automobiles & Components 0.0% |
||||||||||||
Cenntro Electric Group Ltd. (a) |
600 | (864 | ) | |||||||||
|
|
|||||||||||
Capital Goods 0.0% |
||||||||||||
Tritium DCFC Ltd. (a) |
300 | (66 | ) | |||||||||
|
|
|||||||||||
Energy 0.0% |
||||||||||||
Woodside Energy Group Ltd.,ADR |
6,700 | (141,303 | ) | |||||||||
|
|
|||||||||||
Materials (0.1)% |
||||||||||||
BHP Group Ltd.,ADR |
26,300 | (1,796,553 | ) | |||||||||
Rio Tinto PLC,ADR |
300 | (22,338 | ) | |||||||||
|
|
|||||||||||
(1,818,891 | ) | |||||||||||
|
|
|||||||||||
Pharmaceuticals, Biotechnology & Life Sciences 0.0% |
||||||||||||
Immutep Ltd.,ADR (a) |
2,900 | (6,960 | ) | |||||||||
Opthea Ltd.,ADR (a) |
100 | (295 | ) | |||||||||
Alterity Therapeutics Ltd.,ADR (a) |
10 | (25 | ) | |||||||||
Kazia Therapeutics Ltd.,ADR (a) |
400 | (180 | ) | |||||||||
Genetic Technologies Ltd.,ADR (a) |
200 | (484 | ) | |||||||||
|
|
|||||||||||
(7,944 | ) | |||||||||||
|
|
|||||||||||
Software & Services 0.0% |
||||||||||||
Mawson Infrastructure Group, Inc. (a) |
500 | (1,600 | ) | |||||||||
|
|
|||||||||||
Total Oceania |
(1,970,668 | ) | ||||||||||
|
|
|||||||||||
South America (0.1)% |
||||||||||||
Banks 0.0% |
||||||||||||
Banco de Chile,ADR |
100 | (2,308 | ) | |||||||||
Banco Santander Chile,ADR |
5,200 | (101,348 | ) |
See Notes to Consolidated Schedule of Investments.
96
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
Itau Unibanco Holding SA,ADR |
106,200 | $ | (738,090 | ) | ||||||||
|
|
|||||||||||
(841,746 | ) | |||||||||||
|
|
|||||||||||
Capital Goods (0.1)% |
||||||||||||
Sociedad Quimica y Minera de Chile SA,ADR |
22,000 | (1,324,840 | ) | |||||||||
|
|
|||||||||||
Consumer Staples Distribution 0.0% |
||||||||||||
Sendas Distribuidora SA,ADR |
5,200 | (71,864 | ) | |||||||||
|
|
|||||||||||
Energy 0.0% |
||||||||||||
Ecopetrol SA,ADR |
2,900 | (34,568 | ) | |||||||||
Cosan SA,ADR |
1,600 | (25,056 | ) | |||||||||
|
|
|||||||||||
(59,624 | ) | |||||||||||
|
|
|||||||||||
Materials 0.0% |
||||||||||||
Bioceres Crop Solutions Corp. (a) |
900 | (12,357 | ) | |||||||||
Sigma Lithium Corp. (a) |
26,200 | (826,086 | ) | |||||||||
|
|
|||||||||||
(838,443 | ) | |||||||||||
|
|
|||||||||||
Software & Services 0.0% |
||||||||||||
CI&T, Inc.,Class A (a) |
400 | (2,104 | ) | |||||||||
|
|
|||||||||||
Telecommunication Services 0.0% |
||||||||||||
Liberty Latin America Ltd.,Class C (a) |
7,900 | (57,986 | ) | |||||||||
|
|
|||||||||||
Transportation 0.0% |
||||||||||||
Azul SA,ADR (a) |
3,100 | (30,039 | ) | |||||||||
|
|
|||||||||||
Utilities 0.0% |
||||||||||||
Cia de Saneamento Basico do Estado de Sao Paulo SABESP,ADR |
16,900 | (257,387 | ) | |||||||||
Enel Chile SA,ADR |
100 | (324 | ) | |||||||||
Pampa Energia SA,ADR (a) |
100 | (4,952 | ) | |||||||||
Centrais Eletricas Brasileiras SA,ADR |
8,800 | (75,856 | ) | |||||||||
|
|
|||||||||||
(338,519 | ) | |||||||||||
|
|
|||||||||||
Total South America |
(3,565,165 | ) | ||||||||||
|
|
|||||||||||
TOTAL COMMON STOCK |
(522,698,813 | ) | ||||||||||
|
|
|||||||||||
Principal Amount |
Value | |||||||||||
CORPORATE BONDS & NOTES (0.9)% |
||||||||||||
Alibaba Group Holding Ltd., |
||||||||||||
2.13%, 02/09/31 (c) |
$ | 4,261,000 | (3,531,717 | ) | ||||||||
3.40%, 12/06/27 (c) |
5,765,000 | (5,465,452 | ) | |||||||||
America Movil SAB de CV, 6.38%, 03/01/35 (c) |
794,000 | (888,094 | ) | |||||||||
CSN Resources SA, 8.88%, 12/05/30 (c),(j) |
1,443,000 | (1,503,635 | ) | |||||||||
Ecopetrol SA, 8.88%, 01/13/33 (c) |
2,447,000 | (2,658,619 | ) | |||||||||
eHi Car Services Ltd., 7.75%, 11/14/24 (c),(j) |
433,000 | (373,462 | ) | |||||||||
Gaci First Investment Co., 4.75%, 02/14/30 (c),(j) |
5,050,000 | (5,043,687 | ) | |||||||||
Industrial & Commercial Bank of China Ltd., 3.20%, 12/31/49 (c),(e),(j),(k) |
5,050,000 | (4,746,032 | ) | |||||||||
Petroleos Mexicanos, 10.00%, 02/07/33 (c) |
7,455,000 | (7,485,208 | ) | |||||||||
|
|
|||||||||||
TOTAL CORPORATE BONDS & NOTES |
(31,695,906 | ) | ||||||||||
|
|
See Notes to Consolidated Schedule of Investments.
97
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Shares | Value | ||||||||||
Exchange-Traded Fund 0.0% |
||||||||||||
Energy Select Sector SPDR Fund (c) |
8,756 | $ | (734,103 | ) | ||||||||
|
|
|||||||||||
TOTAL EXCHANGE-TRADED FUND |
(734,103 | ) | ||||||||||
|
|
|||||||||||
Principal Amount |
Value | |||||||||||
MORTGAGE BACKED SECURITIES (3.8)% |
||||||||||||
North America (3.8)% |
||||||||||||
U.S. Government Sponsored Agency Security (3.8)% |
||||||||||||
Uniform Mortgage-Backed Security, 5.50%, 2/01/54 (n) |
$ | 150,000,000 | (150,732,450 | ) | ||||||||
|
|
|||||||||||
TOTAL MORTGAGE BACKED SECURITIES |
(150,732,450 | ) | ||||||||||
|
|
|||||||||||
SOVEREIGN DEBT (1.0)% |
||||||||||||
Argentina Republic Government International Bonds, 3.63%, 07/09/35 (c),(g) |
1,010,034 | (344,740 | ) | |||||||||
China Government International Bonds, 2.13%, 12/03/29 (c),(j) |
1,896,000 | (1,725,000 | ) | |||||||||
Dominican Republic International Bonds, |
||||||||||||
5.95%, 01/25/27 (c),(j) |
582,000 | (583,193 | ) | |||||||||
6.00%, 02/22/33 (c),(j) |
4,901,000 | (4,827,485 | ) | |||||||||
6.40%, 06/05/49 (c),(j) |
291,000 | (273,540 | ) | |||||||||
Egypt Government International Bonds, 5.88%, 06/11/25 (c),(j) |
2,637,000 | (2,452,109 | ) | |||||||||
Israel Government International Bonds, 4.50%, 01/17/33 (c) |
7,260,000 | (6,891,482 | ) | |||||||||
Mexico Government International Bonds, 6.34%, 05/04/53 (c) |
4,343,000 | (4,421,261 | ) | |||||||||
Peruvian Government International Bond, 5.63%, 11/18/50 (c) |
6,629,000 | (6,892,702 | ) | |||||||||
Saudi Government International Bonds, |
||||||||||||
4.63%, 10/04/47 (c),(j) |
852,000 | (763,878 | ) | |||||||||
5.00%, 01/18/53 (c),(j) |
4,274,000 | (4,023,193 | ) | |||||||||
Turkey Government International Bonds, |
||||||||||||
6.00%, 01/14/41 (c) |
956,000 | (810,254 | ) | |||||||||
6.75%, 05/30/40 (c) |
710,000 | (649,650 | ) | |||||||||
7.38%, 02/05/25 (c) |
1,553,000 | (1,578,562 | ) | |||||||||
|
|
|||||||||||
TOTAL SOVEREIGN DEBT |
(36,237,049 | ) | ||||||||||
|
|
|||||||||||
U.S. TREASURY NOTES (0.1)% |
||||||||||||
U.S. Treasury Bonds, |
||||||||||||
4.75%, 11/15/43 (c) |
219,000 | (234,912 | ) | |||||||||
4.75%, 11/15/53 (c) |
227,000 | (254,559 | ) | |||||||||
U.S. Treasury Notes, |
||||||||||||
1.38%, 07/15/33 (c) |
2,127,258 | (2,062,202 | ) | |||||||||
4.63%, 11/15/26 (c) |
26,000 | (26,410 | ) | |||||||||
4.50%, 11/15/33 (c) |
202,000 | (212,068 | ) | |||||||||
4.38%, 11/30/28 (c) |
138,000 | (141,213 | ) | |||||||||
4.38%, 11/30/30 (c) |
226,000 | (232,392 | ) | |||||||||
4.88%, 11/30/25 (c) |
2,000 | (2,021 | ) | |||||||||
|
|
|||||||||||
TOTAL U.S. TREASURY NOTES |
(3,165,777 | ) | ||||||||||
|
|
See Notes to Consolidated Schedule of Investments.
98
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Security Description |
Contracts | Value | ||||||||||
WARRANT 0.0% |
||||||||||||
North America 0.0% |
||||||||||||
Salarius Pharmaceuticals, Inc. (a),(b) |
1,000 | $ | (0 | ) | ||||||||
|
|
|||||||||||
TOTAL WARRANT |
(0 | ) | ||||||||||
|
|
|||||||||||
RIGHTS 0.0% |
||||||||||||
Amryt Pharma PLC (a),(b) |
2,000 | (50 | ) | |||||||||
Amryt Pharma PLC (a),(b) |
2,000 | (50 | ) | |||||||||
|
|
|||||||||||
TOTAL RIGHTS |
(100 | ) | ||||||||||
|
|
|||||||||||
TOTAL SECURITIES SOLD SHORT (18.8)% |
$ | (745,264,198 | ) | |||||||||
|
|
Footnote Legend:
^ | A balance indicated with a 0, reflects either a zero balance or an amount that rounds to less than 1. |
(a) | Non-income producing. |
(b) | Security is valued using significant unobservable inputs. |
(c) | Security is held by a consolidated wholly-owned subsidiary of Blackstone Alternative Multi-Strategy Fund. |
(d) | Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. Security may only be sold to qualified institutional buyers unless registered under the Securities Act of 1933, as amended, or otherwise exempt from registration. |
(e) | Variable/Floating interest rate security. Certain variable/floating interest rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities may not indicate a reference rate and spread in their description above. Rate presented is as of December 31, 2023. |
(f) | Security is an Interest Only (IO) bond, which represents the interest only portion of payments on a pool of underlying mortgages or mortgage-backed securities. IO securities are subject to prepayment risk of the pool of underlying mortgages. |
(g) | Represents a step-up bond. Coupon rate increases in increments to maturity. Rate presented is as of December 31, 2023. Maturity date presented is the ultimate maturity. |
(h) | Non-interest bearing bond. |
(i) | All or a portion of the security represents an unsettled loan commitment at December 31, 2023 where the rate will be determined at time of settlement. |
(j) | Security is exempt from registration pursuant to Regulation S under the Securities Act of 1933, as amended. Security may only be offered or sold outside of the Unites States unless registered under the Securities Act of 1933, as amended, or otherwise exempt from registration. |
(k) | Security is perpetual in nature and has no stated maturity. |
(l) | Security is currently in default due to bankruptcy or failure to make payment of principal or interest. |
(m) | All or a portion of this security is pledged as collateral in connection with reverse repurchase agreements. |
(n) | When issued or delayed delivery security included. |
(o) | Security is restricted per Rule 12-12.8 of Regulation S-X. First acquisition dates of Aeolus Property Catastrophe Keystone PF Fund LP, PIMCO ILS Fund SP II, Atreides Co., Asgard Fixed Income Risk Premia Fund, Rokos Global Macro Fund Ltd., Centiva Offshore Fund LLP, Qube Torus and Statar Capital Class A, 1/2/2019, 12/30/2019, 7/1/2021, 8/2/2021, 9/1/2021, 6/1/2022, 7/1/2022 and 7/1/2022. Amounts to $399,302,772 and represents 10.1% of Net Assets. |
(p) | Repurchase agreements may additionally have cash collateral held to meet collateral requirements. |
(q) | Open repurchase agreement with no specific maturity date. Either party may terminate the agreement upon demand. |
(r) | Assets, other than investments in securities, less liabilities other than securities sold short. |
Options Written Contracts Outstanding at December 31, 2023
Strike |
Expiration |
Contracts |
Notional Amount |
Premium Received |
Market Value |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||
Exchange-Traded Call Options Written |
|
|||||||||||||||||||||||||
BRENT CRUDE MAR24 |
100.00 USD | 01/26/24 | (29 | ) | (2,900 | ) | $ | (57,710 | ) | $ | (2,610 | ) | $ | 55,100 |
See Notes to Consolidated Schedule of Investments.
99
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Strike |
Expiration |
Contracts |
Notional Amount |
Premium Received |
Market Value |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
CBOE SPX VOLATILITY INDX JUN 24 |
40.00 USD | 06/18/24 | (2,175 | ) | (87,000 | ) | $ | (190,271 | ) | $ | (160,950 | ) | $ | 29,321 | ||||||||||||||
CBOE SPX VOLATILITY INDX MAR 24 |
38.00 USD | 03/20/24 | (2,175 | ) | (82,650 | ) | (142,421 | ) | (91,350 | ) | 51,071 | |||||||||||||||||
CBOE SPX VOLATILITY INDX MAR 24 |
40.00 USD | 03/20/24 | (3,915 | ) | (156,600 | ) | (275,062 | ) | (152,685 | ) | 122,377 | |||||||||||||||||
COMEX GOLD JAN 24 |
2,200.00 USD | 01/25/24 | (100 | ) | (220,000 | ) | (52,723 | ) | (43,000 | ) | 9,723 | |||||||||||||||||
CRUDE OIL FUT OPT DEC24 |
150.00 USD | 11/15/24 | (100 | ) | (15,000 | ) | (52,703 | ) | (17,000 | ) | 35,703 | |||||||||||||||||
CRUDE OIL FUT OPT DEC24 |
165.00 USD | 12/01/24 | (25 | ) | (4,125 | ) | (12,410 | ) | (3,000 | ) | 9,410 | |||||||||||||||||
ISHARES IBOXX $ INVESTMENT GRADE CORPORATE BOND ETF |
111.00 USD | 01/19/24 | (2,798 | ) | (310,578 | ) | (341,271 | ) | (268,608 | ) | 72,663 | |||||||||||||||||
LME COPPER 3MO CALL |
9,000.00 USD | 01/03/24 | (65 | ) | (585,000 | ) | (33,944 | ) | (7,085 | ) | 26,859 | |||||||||||||||||
NAT GAS EURO OPT APR24 |
2.75 USD | 04/01/24 | (40 | ) | (110 | ) | (39,243 | ) | (43,440 | ) | (4,197 | ) | ||||||||||||||||
NAT GAS EURO OPT APR24 |
3.50 USD | 04/01/24 | (50 | ) | (175 | ) | (47,854 | ) | (12,250 | ) | 35,604 | |||||||||||||||||
NAT GAS EURO OPT APR26 |
8.00 USD | 03/26/26 | (50 | ) | (400 | ) | (85,500 | ) | (33,650 | ) | 51,850 | |||||||||||||||||
NAT GAS EURO OPT AUG26 |
8.00 USD | 07/28/26 | (50 | ) | (400 | ) | (85,500 | ) | (48,400 | ) | 37,100 | |||||||||||||||||
NAT GAS EURO OPT DEC24 |
3.75 USD | 11/25/24 | (16 | ) | (60 | ) | (42,354 | ) | (78,064 | ) | (35,710 | ) | ||||||||||||||||
NAT GAS EURO OPT DEC26 |
8.00 USD | 11/24/26 | (50 | ) | (400 | ) | (85,500 | ) | (104,650 | ) | (19,150 | ) | ||||||||||||||||
NAT GAS EURO OPT FEB24 |
2.75 USD | 01/26/24 | (33 | ) | (91 | ) | (40,494 | ) | (39,402 | ) | 1,092 | |||||||||||||||||
NAT GAS EURO OPT FEB24 |
3.50 USD | 01/26/24 | (158 | ) | 0 | (125,333 | ) | (41,280 | ) | 84,053 | ||||||||||||||||||
NAT GAS EURO OPT FEB24 |
3.60 USD | 01/26/24 | (133 | ) | (479 | ) | (90,562 | ) | (28,728 | ) | 61,834 | |||||||||||||||||
NAT GAS EURO OPT FEB24 |
6.50 USD | 01/26/24 | (60 | ) | (390 | ) | (35,786 | ) | (600 | ) | 35,186 | |||||||||||||||||
NAT GAS EURO OPT FEB26 |
8.00 USD | 01/27/26 | (50 | ) | (400 | ) | (85,500 | ) | (134,000 | ) | (48,500 | ) | ||||||||||||||||
NAT GAS EURO OPT JAN26 |
8.00 USD | 12/26/25 | (50 | ) | (400 | ) | (85,500 | ) | (130,750 | ) | (45,250 | ) | ||||||||||||||||
NAT GAS EURO OPT JUL26 |
8.00 USD | 06/25/26 | (50 | ) | (400 | ) | (85,500 | ) | (44,900 | ) | 40,600 | |||||||||||||||||
NAT GAS EURO OPT JUN26 |
8.00 USD | 05/26/26 | (50 | ) | (400 | ) | (85,500 | ) | (37,300 | ) | 48,200 | |||||||||||||||||
NAT GAS EURO OPT MAR24 |
3.15 USD | 02/26/24 | (5 | ) | (16 | ) | (39,485 | ) | (2,815 | ) | 36,670 | |||||||||||||||||
NAT GAS EURO OPT MAR24 |
3.25 USD | 02/26/24 | (75 | ) | (243 | ) | (583,281 | ) | (35,550 | ) | 547,731 | |||||||||||||||||
NAT GAS EURO OPT MAR24 |
3.50 USD | 02/26/24 | (50 | ) | (175 | ) | (47,854 | ) | (15,750 | ) | 32,104 | |||||||||||||||||
NAT GAS EURO OPT MAR26 |
8.00 USD | 02/24/26 | (50 | ) | (400 | ) | (85,500 | ) | (103,800 | ) | (18,300 | ) | ||||||||||||||||
NAT GAS EURO OPT MAY24 |
2.50 USD | 04/25/24 | (34 | ) | (85 | ) | (73,341 | ) | (78,404 | ) | (5,063 | ) | ||||||||||||||||
NAT GAS EURO OPT MAY24 |
2.75 USD | 04/25/24 | (17 | ) | (47 | ) | (22,900 | ) | (24,973 | ) | (2,073 | ) | ||||||||||||||||
NAT GAS EURO OPT MAY24 |
3.00 USD | 05/01/24 | (60 | ) | (180 | ) | (56,425 | ) | (54,840 | ) | 1,585 | |||||||||||||||||
NAT GAS EURO OPT MAY24 |
3.50 USD | 05/01/24 | (50 | ) | (175 | ) | (47,854 | ) | (17,050 | ) | 30,804 | |||||||||||||||||
NAT GAS EURO OPT MAY26 |
8.00 USD | 04/27/26 | (50 | ) | (400 | ) | (85,500 | ) | (32,250 | ) | 53,250 | |||||||||||||||||
NAT GAS EURO OPT NOV24 |
3.75 USD | 10/28/24 | (16 | ) | (60 | ) | (42,354 | ) | (42,224 | ) | 130 | |||||||||||||||||
NAT GAS EURO OPT NOV26 |
8.00 USD | 10/27/26 | (50 | ) | (400 | ) | (85,500 | ) | (66,750 | ) | 18,750 | |||||||||||||||||
NAT GAS EURO OPT OCT24 |
3.75 USD | 09/25/24 | (16 | ) | (60 | ) | (42,354 | ) | (20,112 | ) | 22,242 | |||||||||||||||||
NAT GAS EURO OPT OCT26 |
8.00 USD | 09/25/26 | (50 | ) | (400 | ) | (85,500 | ) | (54,550 | ) | 30,950 | |||||||||||||||||
NAT GAS EURO OPT SEP26 |
8.00 USD | 08/26/26 | (50 | ) | (400 | ) | (85,500 | ) | (48,850 | ) | 36,650 | |||||||||||||||||
SILVER DEC24 |
45.00 USD | 11/25/24 | (80 | ) | (3,600 | ) | (119,794 | ) | (124,400 | ) | (4,606 | ) | ||||||||||||||||
SILVER JUL24 |
50.00 USD | 06/25/24 | (80 | ) | (4,000 | ) | (139,794 | ) | (22,000 | ) | 117,794 | |||||||||||||||||
|
|
|||||||||||||||||||||||||||
$ | (3,821,577 | ) | $ | (2,268,020 | ) | $ | 1,553,557 | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||
Exchange-Traded Put Options Written |
|
|||||||||||||||||||||||||||
3 MONTH SOFR JUN 24 |
94.75 USD | 06/14/24 | (425 | ) | (40,269 | ) | (51,948 | ) | (39,844 | ) | 12,104 | |||||||||||||||||
CBOE SPX VOLATILITY INDX JUN 24 |
17.00 USD | 06/18/24 | (1,740 | ) | (29,580 | ) | (280,955 | ) | (434,130 | ) | (153,175 | ) | ||||||||||||||||
CBOE SPX VOLATILITY INDX MAR 24 |
14.50 USD | 03/20/24 | (2,610 | ) | (37,845 | ) | (250,510 | ) | (287,100 | ) | (36,590 | ) | ||||||||||||||||
CBOE SPX VOLATILITY INDX MAR 24 |
16.00 USD | 03/20/24 | (3,480 | ) | (55,680 | ) | (421,863 | ) | (786,480 | ) | (364,617 | ) |
See Notes to Consolidated Schedule of Investments.
100
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Strike |
Expiration |
Contracts |
Notional Amount |
Premium Received |
Market Value |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
CBOE SPX VOLATILITY INDX MAR 24 |
17.00 USD | 03/20/24 | (1,740 | ) | (29,580 | ) | $ | (293,137 | ) | $ | (483,720 | ) | $ | (190,583 | ) | |||||||||||||
CRUDE OIL FUT OPT DEC24 |
47.00 USD | 11/15/24 | (100 | ) | (4,700 | ) | (408,703 | ) | (158,000 | ) | 250,703 | |||||||||||||||||
CRUDE OIL FUT OPT DEC24 |
50.00 USD | 12/01/24 | (25 | ) | (1,250 | ) | (107,410 | ) | (51,250 | ) | 56,160 | |||||||||||||||||
DJ EURO STOXX 50 JAN 24 |
4,500.00 EUR | 01/19/24 | (870 | ) | (3,915,000 | ) | (423,200 | ) | (374,570 | ) | 48,630 | |||||||||||||||||
FTSE 100 INDEX JAN 24 |
7,600.00 GBP | 01/19/24 | (435 | ) | (3,306,000 | ) | (298,254 | ) | (130,301 | ) | 167,953 | |||||||||||||||||
FTSE 100 INDEX JAN 24 |
7,700.00 GBP | 01/19/24 | (435 | ) | (3,349,500 | ) | (353,692 | ) | (263,375 | ) | 90,317 | |||||||||||||||||
NAT GAS EURO OPT APR24 |
1.75 USD | 03/25/24 | (157 | ) | (275 | ) | (115,762 | ) | (103,306 | ) | 12,456 | |||||||||||||||||
NAT GAS EURO OPT FEB24 |
2.00 USD | 01/26/24 | (30 | ) | (60 | ) | (20,012 | ) | (6,840 | ) | 13,172 | |||||||||||||||||
NAT GAS EURO OPT FEB24 |
3.55 USD | 01/26/24 | (30 | ) | (106 | ) | (213,812 | ) | (316,590 | ) | (102,778 | ) | ||||||||||||||||
NAT GAS EURO OPT JUN24 |
2.00 USD | 05/28/24 | (1 | ) | (2 | ) | (797 | ) | (1,230 | ) | (433 | ) | ||||||||||||||||
NAT GAS EURO OPT MAR24 |
1.75 USD | 02/26/24 | (50 | ) | (88 | ) | (22,354 | ) | (22,350 | ) | 4 | |||||||||||||||||
NAT GAS EURO OPT MAY24 |
1.75 USD | 04/25/24 | (143 | ) | (250 | ) | (107,402 | ) | (112,684 | ) | (5,282 | ) | ||||||||||||||||
|
|
|||||||||||||||||||||||||||
$ | (3,369,811 | ) | $ | (3,571,770 | ) | $ | (201,959 | ) | ||||||||||||||||||||
|
|
Counterparty |
Strike |
Expiration Date |
Contracts |
Notional Amount |
Premium Paid |
Market Value |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||||||||
OTC Call Options Written |
|
|||||||||||||||||||||||||||||||
LME NICKEL 3MO CALL |
|
Morgan Stanley Capital Services LLC |
|
60,000.00 USD | 12/04/24 | (1,260 | ) | (75,600,000 | ) | $ | (1,008,000 | ) | $ | (2,568 | ) | $ | 1,005,432 | |||||||||||||||
OTC Put Options Written |
|
|||||||||||||||||||||||||||||||
SWAPTION PUT 4% 11/15/2025 |
|
Barclays Bank PLC |
|
4.00 EUR | 11/13/24 | (1,115,500,000 | ) | (4,462,000,000 | ) | (954,823 | ) | (246,238 | ) | 708,585 | ||||||||||||||||||
SWAPTION PUT 4% 5/31/2025 |
|
Barclays Bank PLC |
|
4.00 EUR | 05/29/24 | (756,600,000 | ) | (3,026,400,000 | ) | (236,623 | ) | (63,620 | ) | 173,003 | ||||||||||||||||||
USD TRY FX OPTION PUT 28.925 12/6/24 |
|
Deutsche Bank AG |
|
28.93 USD | 12/06/24 | (22,310,000 | ) | (645,316,750 | ) | (169,556 | ) | (60,935 | ) | 108,621 | ||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
$ | (1,361,002 | ) | $ | (370,793 | ) | $ | 990,209 | |||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||
Total Options Written Outstanding |
|
$ | (9,560,390 | ) | $ | (6,213,151 | ) | $ | 3,347,239 | |||||||||||||||||||||||
|
|
At December 31, 2023 the Fund had the following unfunded loan commitment(s) for the loan agreement(s) noted, which could be extended at the option of the borrower:
Borrower |
Unfunded Loan Commitment |
Value | Unrealized Appreciation (Depreciation) |
|||||||||
ATI Holdings Acquisition, Inc., 2023 2nd Lien Delayed Draw Term Loan, 0.00, 03/01/31 |
$ | 782,441 | $ | 782,441 | $ | 0 | ||||||
|
|
|
|
|
|
|||||||
Total Unfunded Loan Commitment |
$ | 782,441 | $ | 782,441 | $ | 0 | ||||||
|
|
|
|
|
|
See Notes to Consolidated Schedule of Investments.
101
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Reverse Repurchase Agreements Outstanding at December 31, 2023
Counterparty |
Interest Rate |
Trade Rate |
Maturity Date |
Face Value |
Face Value Including Accrued Interest |
|||||||||||||
Barclays Capital, Inc. |
5.50% | 11/23/2023 | On Demand (a | ) | $ | 2,507,917 | $ | 2,521,328 | ||||||||||
JPMorgan Chase Bank, N.A. |
5.55% | 11/28/2023 | 1/9/2024 | 6,127,798 | 6,156,139 | |||||||||||||
JPMorgan Chase Bank, N.A. |
5.62% | 11/23/2023 | 1/9/2024 | 3,906,960 | 3,926,477 | |||||||||||||
|
|
|||||||||||||||||
Total Reverse Repurchase Agreements Outstanding |
$ | 12,542,675 | $ | 12,603,944 | ||||||||||||||
|
|
(a) | Open repurchase agreement with no specific maturity date. Either party may terminate the agreement upon demand. |
Future Contracts Outstanding at December 31, 2023
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||
Long Futures |
||||||||||||||||
1 Year Mid-Curve 3 Month Eurodollar Option |
86 | EUREX | 10,120,730 EUR | 03/07/24 | $ | 151,627 | ||||||||||
3 Month Eurodollar |
1,137 | LIFFE | 273,727,750 EUR | 03/18/24 | 256,558 | |||||||||||
3 Month Eurodollar |
31 | LIFFE | 7,571,741 EUR | 06/16/25 | 30,810 | |||||||||||
3 Month Eurodollar |
181 | LIFFE | 44,382,773 EUR | 09/15/25 | 8,255 | |||||||||||
3 Month Eurodollar |
1,494 | LIFFE | 364,378,120 EUR | 12/15/25 | 2,194,685 | |||||||||||
3 Month SOFR |
943 | CME | 223,769,185 USD | 06/19/24 | 228,677 | |||||||||||
3 Month SOFR |
184 | CME | 44,519,044 USD | 12/17/25 | 54,956 | |||||||||||
3 Month SOFR |
903 | CME | 218,559,125 USD | 03/18/26 | 271,638 | |||||||||||
Aluminium |
17 | LME | 977,890 USD | 01/17/24 | 21,498 | |||||||||||
Australian 10-Year Bond |
169 | SFE | 19,365,303 AUD | 03/15/24 | 239,327 | |||||||||||
Australian Dollar Currency |
125 | CME | 8,413,881 USD | 03/18/24 | 124,244 | |||||||||||
Brent Crude |
100 | ICE | 7,300 USD | 1/26/2024 | (36,000 | ) | ||||||||||
Brent Crude |
261 | ICE | 24,795 USD | 1/26/2024 | (944,820 | ) | ||||||||||
Brent Crude |
261 | ICE | 22,185 USD | 1/26/2024 | 1,190,160 | |||||||||||
Brent Crude |
269 | ICE | 21,118,265 USD | 01/31/24 | (394,505 | ) | ||||||||||
Brent Crude |
91 | ICE | 7,238,025 USD | 02/29/24 | (239,215 | ) | ||||||||||
Brent Crude |
62 | ICE | 41,075 USD | 03/04/24 | 22,088 | |||||||||||
Brent Crude |
18 | ICE | 1,412,362 USD | 06/28/24 | (41,302 | ) | ||||||||||
Brent Crude |
10 | NYMEX | 774,400 USD | 12/01/24 | (24,400 | ) | ||||||||||
British Pound Currency |
141 | ICE | 11,212,901 USD | 03/18/24 | 23,917 | |||||||||||
CAC40 Index |
24 | ICE | 1,825,065 EUR | 01/19/24 | (13,098 | ) | ||||||||||
Canadian 10-Year Bond |
52 | CDE | 6,254,890 CAD | 03/19/24 | 152,802 | |||||||||||
Canadian Dollar Currency |
125 | CME | 9,454,253 USD | 03/19/24 | (1,128 | ) | ||||||||||
CBOE Volatility Index |
108 | CBOE | 1,545,085 USD | 01/17/24 | (27,555 | ) | ||||||||||
CBOE Volatility Index |
29 | CBOE | 520,450 USD | 05/22/24 | (17,062 | ) | ||||||||||
Chicago CG Basis |
31 | ICE | 35,650 USD | 01/03/24 | (22,669 | ) | ||||||||||
Chicago CG Basis |
29 | ICE | 18,850 USD | 01/31/24 | (3,625 | ) | ||||||||||
Chicago CG Basis |
155 | ICE | 88,737 USD | 02/29/24 | (59,675 | ) | ||||||||||
Chicago CG Basis |
31 | ICE | 13,756 USD | 05/02/24 | 1,356 | |||||||||||
Chicago CG Basis |
30 | ICE | 13,313 USD | 06/04/24 | 188 | |||||||||||
Chicago CG Basis |
31 | ICE | 13,950 USD | 07/02/24 | (3,294 | ) | ||||||||||
Chicago CG Basis |
31 | ICE | 14,338 USD | 08/02/24 | (4,069 | ) | ||||||||||
Chicago CG Basis |
30 | ICE | 22,875 USD | 09/04/24 | (3,563 | ) | ||||||||||
Chicago CG Basis |
31 | ICE | 26,931 USD | 10/02/24 | (7,169 | ) | ||||||||||
Chicago CG Basis |
31 | ICE | 6,588 USD | 03/04/25 | 388 | |||||||||||
Cocoa |
1,023 | ICE | 40,348,575 USD | 05/15/24 | 2,228,685 |
See Notes to Consolidated Schedule of Investments.
102
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||
Coffee C |
5 | ICE | 322,172 USD | 03/18/24 | $ | 30,891 | ||||||||||
Coffee C |
367 | ICE | 25,221,953 USD | 05/20/24 | 403,822 | |||||||||||
Copper |
3 | LME | 633,975 USD | 01/17/24 | 2,663 | |||||||||||
Copper |
241 | COMEX | 23,586,264 USD | 05/29/24 | (37,551 | ) | ||||||||||
Corn |
962 | CBOT | 23,168,111 USD | 03/14/24 | (500,986 | ) | ||||||||||
Cotton No.2 |
219 | ICE | 8,721,523 USD | 03/06/24 | 147,977 | |||||||||||
DAX Index |
35 | EUREX | 14,867,999 EUR | 03/15/24 | (76,309 | ) | ||||||||||
DJIA mini E-CBOT |
126 | CBOT | 23,220,871 USD | 03/15/24 | 726,689 | |||||||||||
Dominion Sp |
31 | ICE | 48,903 USD | 01/03/24 | 78 | |||||||||||
Dominion Sp |
210 | ICE | 387,337 USD | 04/01/24 | 51,338 | |||||||||||
Dominion Sp |
31 | ICE | 62,000 USD | 05/01/24 | 7,363 | |||||||||||
Dominion Sp |
30 | ICE | 60,000 USD | 06/01/24 | (750 | ) | ||||||||||
Dominion Sp |
31 | ICE | 75,175 USD | 07/01/24 | 4,456 | |||||||||||
Dominion Sp |
31 | ICE | 84,863 USD | 08/01/24 | 6,200 | |||||||||||
Dominion Sp |
31 | ICE | 120,125 USD | 10/01/24 | 11,819 | |||||||||||
Dominion Sp |
150 | ICE | 416,625 USD | 11/04/24 | (39,000 | ) | ||||||||||
Dominion Sp |
31 | ICE | 65,488 USD | 12/03/24 | (6,975 | ) | ||||||||||
Dominion Sp |
62 | ICE | 124,000 USD | 01/01/25 | (5,425 | ) | ||||||||||
Dominion Sp |
56 | ICE | 112,000 USD | 02/01/25 | 8,750 | |||||||||||
Dominion Sp |
62 | ICE | 124,000 USD | 03/01/25 | 16,663 | |||||||||||
Dominion Sp |
30 | ICE | 69,750 USD | 04/01/25 | 8,625 | |||||||||||
Dominion Sp |
31 | ICE | 72,075 USD | 05/01/25 | (2,131 | ) | ||||||||||
Dominion Sp |
30 | ICE | 69,750 USD | 06/01/25 | (7,500 | ) | ||||||||||
Eastern Gas South Swing |
1 | ICE | 5,288 USD | 01/02/24 | (88 | ) | ||||||||||
Eastern Gas South Swing |
1 | ICE | 5,288 USD | 01/02/24 | (88 | ) | ||||||||||
Eastern Gas South Swing |
1 | ICE | 5,288 USD | 01/02/24 | (88 | ) | ||||||||||
E-Mini Russell Index |
282 | ICE | 27,035,559 USD | 03/15/24 | 1,837,011 | |||||||||||
E-Mini S&P 500 Index |
691 | CME | 161,708,942 USD | 03/15/24 | 4,822,058 | |||||||||||
E-Mini S&P Mid Cap 400 Index |
5 | CME | 1,372,720 USD | 03/15/24 | 32,030 | |||||||||||
Euro FX |
45 | CME | 6,203,681 USD | 03/18/24 | 26,006 | |||||||||||
Euro OAT |
18 | EUREX | 2,322,736 EUR | 03/07/24 | 49,064 | |||||||||||
Euro Stoxx 50 |
764 | EUREX | 34,968,209 EUR | 03/15/24 | (286,684 | ) | ||||||||||
Euro-BTP |
19 | EUREX | 2,213,020 EUR | 03/07/24 | 56,114 | |||||||||||
Euro-Bund |
39 | EUREX | 5,256,000 EUR | 03/07/24 | 105,516 | |||||||||||
Euro-Schatz |
272 | EUREX | 28,885,165 EUR | 03/07/24 | 104,958 | |||||||||||
FTSE 100 Index |
87 | LIFFE | 6,677,380 GBP | 03/15/24 | 90,213 | |||||||||||
FTSE China A50 Index |
13 | SGX | 145,522 USD | 01/29/24 | 3,913 | |||||||||||
FTSE/MIB Index |
11 | ICE | 1,690,550 EUR | 03/15/24 | (13,131 | ) | ||||||||||
Gas Oil |
305 | ICE | 23,530,936 USD | 03/12/24 | (1,121,061 | ) | ||||||||||
Gas Oil |
11 | ICE | 833,640 USD | 04/11/24 | (33,390 | ) | ||||||||||
Gasoline RBOB |
178 | NYMEX | 16,534,212 USD | 02/29/24 | (641,731 | ) | ||||||||||
Gasoline RBOB |
5 | NYMEX | 501,207 USD | 05/31/24 | (18,333 | ) | ||||||||||
Gasoline RBOB |
14 | NYMEX | 1,172,270 USD | 11/29/24 | (11,206 | ) | ||||||||||
Globex Natural Gas |
36 | NYMEX | 882,550 USD | 02/01/24 | 22,490 | |||||||||||
Globex Natural Gas |
66 | NYMEX | 2,198,500 USD | 03/01/24 | (662,680 | ) | ||||||||||
Gold 100 OZ |
26 | COMEX | 5,345,145 USD | 02/27/24 | 41,535 | |||||||||||
Henry Hub |
427 | ICE | 2,876,012 USD | 01/01/24 | (80,230 | ) | ||||||||||
Henry Hub |
667 | ICE | 4,575,620 USD | 02/01/24 | (383,525 | ) |
See Notes to Consolidated Schedule of Investments.
103
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||
Henry Hub |
120 | ICE | 691,050 USD | 04/01/24 | $ | 150 | ||||||||||
Henry Hub |
30 | ICE | 207,000 USD | 09/01/24 | (6,600 | ) | ||||||||||
Henry Hub |
341 | ICE | 3,813,387 USD | 01/01/25 | (573,887 | ) | ||||||||||
Henry Hub |
744 | ICE | 6,789,501 USD | 01/01/26 | 1,454,019 | |||||||||||
Henry Hub |
672 | ICE | 6,132,452 USD | 02/01/26 | 1,066,348 | |||||||||||
Henry Hub |
744 | ICE | 6,789,501 USD | 03/01/26 | 293,379 | |||||||||||
Henry Hub |
720 | ICE | 6,570,484 USD | 04/01/26 | (518,885 | ) | ||||||||||
Henry Hub |
744 | ICE | 6,789,501 USD | 05/01/26 | (536,181 | ) | ||||||||||
Henry Hub |
720 | ICE | 6,570,484 USD | 06/01/26 | (263,285 | ) | ||||||||||
Henry Hub |
744 | ICE | 6,789,501 USD | 07/01/26 | (2,361 | ) | ||||||||||
Henry Hub |
744 | ICE | 6,789,501 USD | 08/01/26 | 57,159 | |||||||||||
Henry Hub |
720 | ICE | 6,570,484 USD | 09/01/26 | (9,485 | ) | ||||||||||
Henry Hub |
744 | ICE | 6,789,501 USD | 10/01/26 | 105,519 | |||||||||||
Henry Hub |
720 | ICE | 6,570,484 USD | 11/01/26 | 651,116 | |||||||||||
Henry Hub |
744 | ICE | 6,789,501 USD | 12/01/26 | 1,461,459 | |||||||||||
Henry Physical Basis |
29 | ICE | 2,175 USD | 02/02/24 | (725 | ) | ||||||||||
Henry Physical Basis |
31 | ICE | 37,200 USD | 03/04/24 | 11,044 | |||||||||||
HKG Hang Seng China Enterprises Index |
120 | HKFE | 33,522,400 HKD | 01/30/24 | 160,543 | |||||||||||
HKG Hang Seng Index |
7 | HKFE | 5,799,150 HKD | 01/30/24 | 25,235 | |||||||||||
HSC Basis |
62 | ICE | 12,788 USD | 01/03/24 | (7,363 | ) | ||||||||||
HSC Basis |
145 | ICE | 24,106 USD | 02/02/24 | (37,519 | ) | ||||||||||
HSC Basis |
30 | ICE | 21,750 USD | 03/31/25 | (4,500 | ) | ||||||||||
HSC Basis |
31 | ICE | 22,475 USD | 04/30/25 | (1,744 | ) | ||||||||||
HSC Basis |
30 | ICE | 21,750 USD | 05/30/25 | 750 | |||||||||||
HSC Basis |
31 | ICE | 22,475 USD | 06/30/25 | 4,263 | |||||||||||
HSC Basis |
31 | ICE | 22,475 USD | 07/31/25 | 5,425 | |||||||||||
HSC Basis |
30 | ICE | 21,750 USD | 08/29/25 | (938 | ) | ||||||||||
HSC Basis |
31 | ICE | 22,475 USD | 09/30/25 | (8,525 | ) | ||||||||||
ICE 3 Month Sonia |
1,174 | ICE | 279,582,556 GBP | 09/17/24 | 848,814 | |||||||||||
ICE 3 Month Sonia |
56 | ICE | 13,519,762 GBP | 09/16/25 | 47,337 | |||||||||||
ICE 3 Month Sonia |
747 | ICE | 180,384,923 GBP | 03/17/26 | 948,215 | |||||||||||
Japan Yen Currency |
20 | CME | 1,791,881 USD | 03/18/24 | 3,119 | |||||||||||
Japanese 10 Year Bond |
39 | OSE | 5,664,290,000 JPY | 03/21/24 | 407,092 | |||||||||||
Lean Hogs |
402 | CME | 11,675,381 USD | 02/16/24 | (745,001 | ) | ||||||||||
Live Cattle |
148 | CME | 10,294,241 USD | 04/30/24 | (97,041 | ) | ||||||||||
Long Gilt |
29 | LIFFE | 2,812,630 GBP | 03/26/24 | 209,323 | |||||||||||
Mexican Peso Currency |
58 | CME | 1,658,250 USD | 03/18/24 | 30,710 | |||||||||||
Michon Basis |
93 | ICE | 68,006 USD | 01/03/24 | (4,069 | ) | ||||||||||
Michon Basis |
30 | ICE | 21,750 USD | 03/31/25 | 10,125 | |||||||||||
Michon Basis |
31 | ICE | 22,475 USD | 04/30/25 | 8,525 | |||||||||||
Michon Basis |
30 | ICE | 21,750 USD | 05/30/25 | 3,938 | |||||||||||
Michon Basis |
31 | ICE | 22,475 USD | 06/30/25 | (4,263 | ) | ||||||||||
Michon Basis |
31 | ICE | 22,475 USD | 07/31/25 | (4,650 | ) | ||||||||||
Michon Basis |
30 | ICE | 21,750 USD | 08/29/25 | (15,188 | ) | ||||||||||
Michon Basis |
31 | ICE | 22,475 USD | 09/30/25 | (17,631 | ) | ||||||||||
NASDAQ 100 E-Mini |
52 | CME | 17,110,508 USD | 03/15/24 | 593,932 | |||||||||||
Natural Gas |
572 | NYMEX | 13,587,755 USD | 01/29/24 | 792,325 | |||||||||||
Natural Gas |
217 | NYMEX | 10,283,803 USD | 02/01/24 | (4,828,423 | ) |
See Notes to Consolidated Schedule of Investments.
104
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||
Natural Gas |
375 | NYMEX | 18,763,155 USD | 03/01/24 | $ | (10,036,905 | ) | |||||||||
Natural Gas |
202 | NYMEX | 4,812,995 USD | 03/26/24 | (158,915 | ) | ||||||||||
Natural Gas |
186 | NYMEX | 8,864,796 USD | 04/01/24 | (4,579,356 | ) | ||||||||||
Natural Gas |
30 | NYMEX | 692,381 USD | 04/26/24 | 18,019 | |||||||||||
Natural Gas |
201 | NYMEX | 9,275,074 USD | 05/01/24 | (4,515,394 | ) | ||||||||||
Natural Gas |
273 | NYMEX | 11,620,027 USD | 06/01/24 | (4,743,157 | ) | ||||||||||
Natural Gas |
249 | NYMEX | 10,938,384 USD | 07/01/24 | (4,334,904 | ) | ||||||||||
Natural Gas |
9 | NYMEX | 323,614 USD | 07/29/24 | (80,884 | ) | ||||||||||
Natural Gas |
221 | NYMEX | 10,021,274 USD | 08/01/24 | (4,060,904 | ) | ||||||||||
Natural Gas |
62 | NYMEX | 1,626,841 USD | 08/28/24 | 29,799 | |||||||||||
Natural Gas |
221 | NYMEX | 10,006,274 USD | 09/01/24 | (4,101,154 | ) | ||||||||||
Natural Gas |
91 | NYMEX | 2,517,742 USD | 09/26/24 | (22,522 | ) | ||||||||||
Natural Gas |
298 | NYMEX | 13,177,556 USD | 10/01/24 | (5,006,396 | ) | ||||||||||
Natural Gas |
48 | NYMEX | 1,551,490 USD | 10/29/24 | (67,810 | ) | ||||||||||
Natural Gas |
196 | NYMEX | 9,512,937 USD | 11/01/24 | (3,454,577 | ) | ||||||||||
Natural Gas |
70 | NYMEX | 3,476,932 USD | 11/26/24 | (999,632 | ) | ||||||||||
Natural Gas |
196 | NYMEX | 9,512,937 USD | 12/01/24 | (2,576,497 | ) | ||||||||||
Natural Gas |
79 | NYMEX | 2,969,240 USD | 12/27/24 | 32,760 | |||||||||||
Natural Gas |
69 | NYMEX | 2,913,226 USD | 01/29/25 | (370,576 | ) | ||||||||||
Natural Gas |
32 | NYMEX | 971,555 USD | 02/01/25 | 207,645 | |||||||||||
Natural Gas |
137 | NYMEX | 4,955,727 USD | 02/26/25 | (319,647 | ) | ||||||||||
Natural Gas |
32 | NYMEX | 971,555 USD | 03/01/25 | 111,325 | |||||||||||
Natural Gas |
101 | NYMEX | 3,215,534 USD | 03/27/25 | (75,444 | ) | ||||||||||
Natural Gas |
28 | NYMEX | 919,648 USD | 04/01/25 | (49,128 | ) | ||||||||||
Natural Gas |
38 | NYMEX | 1,553,510 USD | 04/28/25 | (368,670 | ) | ||||||||||
Natural Gas |
28 | NYMEX | 919,648 USD | 05/01/25 | (46,608 | ) | ||||||||||
Natural Gas |
38 | NYMEX | 1,735,267 USD | 05/28/25 | (497,607 | ) | ||||||||||
Natural Gas |
28 | NYMEX | 919,648 USD | 06/01/25 | (7,688 | ) | ||||||||||
Natural Gas |
55 | NYMEX | 2,285,217 USD | 06/26/25 | (420,167 | ) | ||||||||||
Natural Gas |
28 | NYMEX | 919,648 USD | 07/01/25 | 29,832 | |||||||||||
Natural Gas |
39 | NYMEX | 1,780,469 USD | 07/29/25 | (447,059 | ) | ||||||||||
Natural Gas |
28 | NYMEX | 919,648 USD | 08/01/25 | 37,672 | |||||||||||
Natural Gas |
39 | NYMEX | 1,780,469 USD | 08/27/25 | (461,879 | ) | ||||||||||
Natural Gas |
28 | NYMEX | 919,648 USD | 09/01/25 | 27,032 | |||||||||||
Natural Gas |
100 | NYMEX | 3,808,301 USD | 09/26/25 | (372,301 | ) | ||||||||||
Natural Gas |
28 | NYMEX | 919,648 USD | 10/01/25 | 42,432 | |||||||||||
Natural Gas |
44 | NYMEX | 1,994,778 USD | 10/29/25 | (344,778 | ) | ||||||||||
Natural Gas |
32 | NYMEX | 971,555 USD | 11/01/25 | 228,445 | |||||||||||
Natural Gas |
45 | NYMEX | 2,034,740 USD | 11/25/25 | (160,490 | ) | ||||||||||
Natural Gas |
32 | NYMEX | 971,555 USD | 12/01/25 | 361,245 | |||||||||||
Natural Gas |
54 | NYMEX | 2,034,693 USD | 01/01/27 | 509,247 | |||||||||||
Natural Gas |
54 | NYMEX | 2,034,693 USD | 02/01/27 | 420,147 | |||||||||||
Natural Gas |
54 | NYMEX | 2,034,693 USD | 03/01/27 | 98,847 | |||||||||||
Natural Gas |
54 | NYMEX | 2,034,693 USD | 04/01/27 | (230,553 | ) | ||||||||||
Natural Gas |
54 | NYMEX | 2,034,693 USD | 05/01/27 | (238,653 | ) | ||||||||||
Natural Gas |
54 | NYMEX | 2,034,693 USD | 06/01/27 | (171,153 | ) | ||||||||||
Natural Gas |
54 | NYMEX | 2,034,693 USD | 07/01/27 | (95,553 | ) | ||||||||||
Natural Gas |
54 | NYMEX | 2,034,693 USD | 08/01/27 | (75,033 | ) |
See Notes to Consolidated Schedule of Investments.
105
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||||
Natural Gas |
54 | NYMEX | 2,034,693 USD | 09/01/27 | $ | (93,933 | ) | |||||||||||
Natural Gas |
54 | NYMEX | 2,034,693 USD | 10/01/27 | (55,053 | ) | ||||||||||||
Natural Gas |
54 | NYMEX | 2,034,693 USD | 11/01/27 | 129,627 | |||||||||||||
Natural Gas |
54 | NYMEX | 2,034,693 USD | 12/01/27 | 356,967 | |||||||||||||
New Zealand Dollar |
98 | ICE | 6,044,395 USD | 03/18/24 | 151,655 | |||||||||||||
Nikkei Index |
12 | OSE | 399,120,000 JPY | 03/07/24 | 16,170 | |||||||||||||
NNG Ventura Basis |
93 | ICE | 775 USD | 03/04/24 | (775 | ) | ||||||||||||
NNG Ventura Basis |
30 | ICE | 18,750 USD | 04/02/24 | 9,000 | |||||||||||||
NNG Ventura Basis |
31 | ICE | 19,375 USD | 05/02/24 | 1,356 | |||||||||||||
NNG Ventura Basis |
30 | ICE | 18,750 USD | 06/04/24 | (563 | ) | ||||||||||||
NNG Ventura Basis |
30 | ICE | 11,400 USD | 11/04/24 | 3,525 | |||||||||||||
NY Harbor ULSD |
33 | NYMEX | 3,507,785 USD | 01/31/24 | (2,730 | ) | ||||||||||||
NY Harbor ULSD |
158 | NYMEX | 17,538,883 USD | 02/29/24 | (980,736 | ) | ||||||||||||
OMXS30 Index |
67 | OMX | 15,738,875 SEK | 01/19/24 | 34,652 | |||||||||||||
Platinum |
12 | NYMEX | 612,550 USD | 04/26/24 | (7,030 | ) | ||||||||||||
Rockies Basis |
29 | ICE | 94,069 USD | 02/02/24 | (25,919 | ) | ||||||||||||
Rockies Basis |
31 | ICE | 56,188 USD | 03/04/24 | (44,950 | ) | ||||||||||||
S&P ASX Share Price Index 200 |
35 | SFE | 6,473,250 AUD | 03/21/24 | 111,502 | |||||||||||||
S&P TSX 60 Index |
69 | CDE | 17,171,152 CAD | 03/15/24 | 271,966 | |||||||||||||
Silver |
6 | COMEX | 734,550 USD | 03/26/24 | (11,970 | ) | ||||||||||||
Soybean |
47 | CBOT | 3,090,766 USD | 03/14/24 | (40,466 | ) | ||||||||||||
Soybean |
16 | CBOT | 636,910 USD | 03/14/24 | (19,310 | ) | ||||||||||||
Soybean |
293 | CBOT | 11,418,332 USD | 05/01/24 | (143,692 | ) | ||||||||||||
Soybean Oil |
365 | CBOT | 10,978,234 USD | 03/14/24 | (426,814 | ) | ||||||||||||
Sugar |
1,022 | ICE | 29,153,970 USD | 02/29/24 | (5,597,279 | ) | ||||||||||||
Swiss Franc Currency |
55 | CME | 8,026,267 USD | 03/18/24 | 209,983 | |||||||||||||
TETCO M3 Basis |
155 | ICE | 465 USD | 01/03/24 | (519,444 | ) | ||||||||||||
TETCO M3 Basis |
29 | ICE | 126,875 USD | 01/31/24 | (23,925 | ) | ||||||||||||
TETCO M3 Basis |
124 | ICE | 61,225 USD | 03/04/24 | (13,175 | ) | ||||||||||||
TETCO M3 Basis |
60 | ICE | 90,000 USD | 04/02/24 | 17,250 | |||||||||||||
Trans Z4 Basis |
93 | ICE | 22,126 USD | 03/04/24 | 3,449 | |||||||||||||
U.S. Treasury 10-Year Note |
244 | CBOT | 27,457,594 USD | 03/19/24 | 87,719 | |||||||||||||
U.S. Treasury 2-Year Note |
555 | CBOT | 113,105,649 USD | 03/28/24 | 1,176,656 | |||||||||||||
U.S. Treasury 2-Year Note |
163 | CBOT | 33,194,695 USD | 03/28/24 | 369,297 | |||||||||||||
U.S. Treasury 5-Year Note |
179 | CBOT | 19,228,992 USD | 03/28/24 | 241,453 | |||||||||||||
U.S. Treasury Long Bond |
79 | CBOT | 9,634,953 USD | 03/19/24 | 235,109 | |||||||||||||
U.S. Treasury Ultra Long Bond |
19 | CBOT | 2,535,309 USD | 03/19/24 | 2,972 | |||||||||||||
Waha Gas Basis |
31 | ICE | 77,500 USD | 03/04/25 | 13,369 | |||||||||||||
Waha Gas Basis |
30 | ICE | 75,000 USD | 04/01/25 | (7,313 | ) | ||||||||||||
Waha Gas Basis |
31 | ICE | 77,500 USD | 05/01/25 | 194 | |||||||||||||
Waha Gas Basis |
30 | ICE | 75,000 USD | 06/01/25 | 14,063 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
100 | ICE | 1,364,900 USD | 07/02/24 | (164,900 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
45 | ICE | 629,454 USD | 08/02/24 | 47,922 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
45 | ICE | 629,454 USD | 09/04/24 | (42,042 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
100 | ICE | 1,364,900 USD | 10/02/24 | (124,900 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
30 | ICE | 428,560 USD | 10/02/24 | 11,600 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
49 | ICE | 859,998 USD | 11/04/24 | (62,082 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
110 | ICE | 1,848,857 USD | 01/03/25 | 54,583 |
See Notes to Consolidated Schedule of Investments.
106
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||||
Western Hub Real-Time Peak Daily Mini |
105 | ICE | 2,426,723 USD | 02/04/25 | $ | (174,011 | ) | |||||||||||
Western Hub Real-Time Peak Daily Mini |
61 | ICE | 971,494 USD | 02/04/25 | 271,930 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
105 | ICE | 2,206,112 USD | 03/04/25 | (354,752 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
61 | ICE | 872,362 USD | 03/05/25 | 167,957 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
61 | ICE | 1,008,668 USD | 04/02/25 | (11,864 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
30 | ICE | 516,684 USD | 04/02/25 | (33,852 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
61 | ICE | 912,014 USD | 05/02/25 | (115,110 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
30 | ICE | 541,288 USD | 05/02/25 | (63,976 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
61 | ICE | 1,011,146 USD | 06/03/25 | (154,999 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
30 | ICE | 516,684 USD | 06/03/25 | (37,884 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
61 | ICE | 951,667 USD | 07/02/25 | (173,990 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
30 | ICE | 516,684 USD | 07/02/25 | (16,716 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
61 | ICE | 971,494 USD | 08/04/25 | 12,485 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
30 | ICE | 541,288 USD | 08/04/25 | 145,112 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
61 | ICE | 1,011,146 USD | 09/03/25 | (66,647 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
30 | ICE | 516,684 USD | 09/03/25 | 71,484 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
61 | ICE | 951,667 USD | 10/02/25 | (156,422 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
30 | ICE | 516,684 USD | 10/02/25 | (6,132 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
61 | ICE | 931,841 USD | 11/04/25 | (108,438 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
30 | ICE | 565,892 USD | 11/04/25 | (28,796 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
61 | ICE | 1,033,451 USD | 11/26/25 | 37,447 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
30 | ICE | 467,476 USD | 12/02/25 | (13,300 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
61 | ICE | 971,494 USD | 01/05/26 | 242,040 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
30 | ICE | 541,288 USD | 01/05/26 | 52,184 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 98,784 USD | 02/03/26 | 13,020 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 94,080 USD | 03/03/26 | 2,400 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 103,488 USD | 04/02/26 | (10,648 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 103,488 USD | 05/04/26 | (21,384 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 94,080 USD | 06/02/26 | (18,000 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 103,488 USD | 07/02/26 | (10,296 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 108,192 USD | 08/04/26 | 19,504 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 98,784 USD | 09/02/26 | 6,216 | |||||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 98,784 USD | 10/02/26 | (9,324 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 103,488 USD | 11/03/26 | (15,664 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 94,080 USD | 12/02/26 | (12,560 | ) | ||||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 103,488 USD | 01/05/27 | 440 | |||||||||||||
Wheat |
339 | CBOT | 10,702,825 USD | 03/14/24 | (58,225 | ) | ||||||||||||
WTI Crude |
181 | NYMEX | 12,828,160 USD | 01/22/24 | 140,490 | |||||||||||||
WTI Crude |
69 | NYMEX | 5,130,914 USD | 02/20/24 | (173,954 | ) | ||||||||||||
WTI Crude |
5 | NYMEX | 373,500 USD | 05/21/24 | (12,900 | ) | ||||||||||||
WTI Crude |
8 | NYMEX | 596,310 USD | 06/20/24 | (20,550 | ) | ||||||||||||
WTI Crude |
7 | NYMEX | 511,810 USD | 11/20/24 | (19,710 | ) | ||||||||||||
WTI Crude |
15 | NYMEX | 1,001,400 USD | 11/20/25 | 1,800 | |||||||||||||
WTI Crude |
13 | NYMEX | 855,660 USD | 11/20/26 | (19,240 | ) | ||||||||||||
Zinc |
10 | LME | 631,787 USD | 01/15/24 | 28,963 | |||||||||||||
|
|
|||||||||||||||||
$ | (45,320,691 | ) | ||||||||||||||||
|
|
|||||||||||||||||
Short Futures |
||||||||||||||||||
3 Month Eurodollar |
254 | LIFFE | 61,438,038 EUR | 06/17/24 | (103,178 | ) |
See Notes to Consolidated Schedule of Investments.
107
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||
3 Month Eurodollar |
716 | LIFFE | 173,741,267 EUR | 09/16/24 | $ | (598,433 | ) | |||||||||
3 Month Eurodollar |
529 | LIFFE | 128,450,617 EUR | 12/16/24 | (836,389 | ) | ||||||||||
3 Month Eurodollar |
514 | LIFFE | 125,097,586 EUR | 03/17/25 | (819,643 | ) | ||||||||||
3 Month SOFR |
54 | CME | 12,791,784 USD | 06/19/24 | (35,241 | ) | ||||||||||
3 Month SOFR |
388 | CME | 92,490,548 USD | 09/18/24 | (129,902 | ) | ||||||||||
3 Month SOFR |
745 | CME | 178,425,299 USD | 12/18/24 | (197,763 | ) | ||||||||||
3 Month SOFR |
81 | CME | 19,466,896 USD | 03/19/25 | (27,779 | ) | ||||||||||
3 Month SOFR |
305 | CME | 73,464,276 USD | 06/18/25 | (177,974 | ) | ||||||||||
3 Month SOFR |
147 | CME | 35,422,906 USD | 09/17/25 | (147,419 | ) | ||||||||||
3 Month SOFR |
16 | CME | 3,846,362 USD | 12/17/25 | (29,638 | ) | ||||||||||
3 Month SOFR |
11 | CME | 2,652,787 USD | 03/18/26 | (12,925 | ) | ||||||||||
3 Month SOFR |
11 | CME | 2,650,012 USD | 06/17/26 | (15,563 | ) | ||||||||||
3 Month SOFR |
13 | CME | 3,125,812 USD | 09/16/26 | (23,763 | ) | ||||||||||
3 Month SOFR |
10 | CME | 2,404,950 USD | 12/16/26 | (17,300 | ) | ||||||||||
3 Month SOFR |
2 | CME | 482,700 USD | 06/16/27 | (1,525 | ) | ||||||||||
3 Month SOFR |
6 | CME | 1,442,150 USD | 09/15/27 | (10,000 | ) | ||||||||||
3 Month SOFR |
7 | CME | 1,679,212 USD | 12/15/27 | (14,350 | ) | ||||||||||
3 Month SOFR |
10 | CME | 2,398,650 USD | 03/14/28 | (19,850 | ) | ||||||||||
3 Month SOFR |
10 | CME | 2,396,350 USD | 06/20/28 | (21,150 | ) | ||||||||||
3 Month SOFR |
10 | CME | 2,393,000 USD | 09/19/28 | (23,250 | ) | ||||||||||
3 Month SOFR |
5 | CME | 1,196,050 USD | 12/20/28 | (11,388 | ) | ||||||||||
Brent Crude |
100 | ICE | 6,000 USD | 1/26/2024 | 8,000 | |||||||||||
Brent Crude |
100 | ICE | 8,500 USD | 1/26/2024 | 67,000 | |||||||||||
Brent Crude |
261 | ICE | 23,490 USD | 1/26/2024 | (1,879,200 | ) | ||||||||||
Brent Crude |
261 | ICE | 23,490 USD | 1/26/2024 | 1,492,920 | |||||||||||
Brent Crude |
106 | ICE | 8,297,094 USD | 01/31/24 | 130,854 | |||||||||||
Brent Crude |
11 | ICE | 821,010 USD | 03/28/24 | (23,680 | ) | ||||||||||
Brent Crude |
22 | ICE | 1,673,550 USD | 04/30/24 | (12,530 | ) | ||||||||||
Brent Crude |
26 | ICE | 1,976,845 USD | 05/31/24 | (10,335 | ) | ||||||||||
Brent Crude |
2 | ICE | 155,270 USD | 10/31/24 | 5,270 | |||||||||||
California Carbon Allowance Vintage 2024 |
3,059 | ICE | 123,408,830 USD | 12/24/24 | (6,048,050 | ) | ||||||||||
Canadian Dollar Currency |
37 | CME | 2,761,861 USD | 03/19/24 | (36,264 | ) | ||||||||||
CBOE Volatility Index |
142 | CBOE | 2,369,528 USD | 03/20/24 | 59,628 | |||||||||||
CBOE Volatility Index |
114 | CBOE | 1,948,883 USD | 04/17/24 | 16,457 | |||||||||||
CBOE Volatility Index |
74 | CBOE | 1,290,195 USD | 06/18/24 | (22,284 | ) | ||||||||||
Chicago CG Basis |
60 | ICE | 12,750 USD | 03/28/24 | 3,000 | |||||||||||
Cocoa |
861 | ICE | 34,232,910 USD | 03/13/24 | (1,894,650 | ) | ||||||||||
Coffee C |
305 | ICE | 21,372,875 USD | 03/18/24 | (163,938 | ) | ||||||||||
Copper |
212 | COMEX | 20,660,686 USD | 03/26/24 | 41,036 | |||||||||||
Corn |
21 | CBOT | 507,450 USD | 03/14/24 | 12,637 | |||||||||||
Corn |
999 | CBOT | 24,647,447 USD | 05/14/24 | 471,647 | |||||||||||
Cotton No.2 |
13 | ICE | 515,748 USD | 03/06/24 | (10,752 | ) | ||||||||||
Cotton No.2 |
338 | ICE | 13,580,287 USD | 05/08/24 | (303,063 | ) | ||||||||||
Dominion South Swing |
1 | ICE | 5,000 USD | 01/02/24 | 775 | |||||||||||
Dominion South Swing |
1 | ICE | 5,000 USD | 01/02/24 | 775 | |||||||||||
Dominion South Swing |
1 | ICE | 5,000 USD | 01/02/24 | 775 | |||||||||||
Dominion Sp |
116 | ICE | 171,462 USD | 02/01/24 | 8,337 | |||||||||||
Dominion Sp |
248 | ICE | 374,441 USD | 03/01/24 | (5,541 | ) | ||||||||||
Euro Buxl |
5 | EUREX | 719,193 EUR | 03/07/24 | 11,695 | |||||||||||
Euro FX |
53 | CME | 7,296,686 USD | 03/18/24 | (40,501 | ) | ||||||||||
Euro Stoxx 50 |
337 | EUREX | 15,418,425 EUR | 03/15/24 | 119,795 | |||||||||||
Euro-Bund |
28 | EUREX | 3,824,124 EUR | 03/07/24 | (19,911 | ) |
See Notes to Consolidated Schedule of Investments.
108
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||
Euro-Schatz |
65 | EUREX | 6,923,184 EUR | 03/07/24 | $ | (2,474 | ) | |||||||||
FTSE 100 Index |
292 | LIFFE | 22,501,110 GBP | 03/15/24 | (188,482 | ) | ||||||||||
FTSE Taiwan Index |
30 | SGX | 1,852,920 USD | 01/30/24 | (7,680 | ) | ||||||||||
Gas Oil |
300 | ICE | 23,385,426 USD | 02/12/24 | 1,117,926 | |||||||||||
Gas Oil |
16 | ICE | 1,158,554 USD | 05/10/24 | 2,154 | |||||||||||
Gasoline RBOB |
192 | NYMEX | 17,555,871 USD | 01/31/24 | 570,668 | |||||||||||
Gasoline RBOB |
1 | NYMEX | 105,227 USD | 03/28/24 | 8,064 | |||||||||||
Globex Natural Gas |
42 | NYMEX | 1,322,200 USD | 04/01/24 | 354,520 | |||||||||||
Globex Natural Gas |
27 | NYMEX | 867,700 USD | 05/01/24 | 228,340 | |||||||||||
Globex Natural Gas |
27 | NYMEX | 867,700 USD | 06/01/24 | 187,570 | |||||||||||
Globex Natural Gas |
27 | NYMEX | 866,800 USD | 07/01/24 | 150,760 | |||||||||||
Globex Natural Gas |
27 | NYMEX | 866,800 USD | 08/01/24 | 138,610 | |||||||||||
Globex Natural Gas |
27 | NYMEX | 866,800 USD | 09/01/24 | 145,360 | |||||||||||
Globex Natural Gas |
27 | NYMEX | 866,800 USD | 10/01/24 | 126,460 | |||||||||||
Globex Natural Gas |
11 | NYMEX | 384,981 USD | 11/24/24 | 44,971 | |||||||||||
Globex Natural Gas |
13 | NYMEX | 531,600 USD | 01/01/25 | 37,600 | |||||||||||
Globex Natural Gas |
13 | NYMEX | 528,950 USD | 02/01/25 | 49,900 | |||||||||||
Globex Natural Gas |
13 | NYMEX | 518,900 USD | 03/01/25 | 78,980 | |||||||||||
Globex Natural Gas |
13 | NYMEX | 508,790 USD | 04/01/25 | 104,620 | |||||||||||
Globex Natural Gas |
13 | NYMEX | 508,400 USD | 05/01/25 | 103,060 | |||||||||||
Globex Natural Gas |
13 | NYMEX | 511,700 USD | 06/01/25 | 88,290 | |||||||||||
Globex Natural Gas |
13 | NYMEX | 515,510 USD | 07/01/25 | 74,680 | |||||||||||
Globex Natural Gas |
13 | NYMEX | 516,170 USD | 08/01/25 | 71,700 | |||||||||||
Globex Natural Gas |
13 | NYMEX | 515,240 USD | 09/25/25 | 75,710 | |||||||||||
Globex Natural Gas |
13 | NYMEX | 517,370 USD | 10/01/25 | 70,690 | |||||||||||
Globex Natural Gas |
13 | NYMEX | 526,700 USD | 11/01/25 | 39,200 | |||||||||||
Gold 100 OZ |
11 | COMEX | 2,250,600 USD | 02/27/24 | (28,380 | ) | ||||||||||
Henry Hub |
745 | ICE | 8,836,530 USD | 02/01/24 | 4,154,205 | |||||||||||
Henry Hub |
96 | NYMEX | 804,000 USD | 02/26/24 | 245,520 | |||||||||||
Henry Hub |
1,034 | ICE | 10,556,520 USD | 03/01/24 | 4,541,225 | |||||||||||
Henry Hub |
119 | NYMEX | 819,685 USD | 03/28/24 | 134,245 | |||||||||||
Henry Hub |
266 | ICE | 3,203,168 USD | 04/01/24 | 1,671,008 | |||||||||||
Henry Hub |
100 | NYMEX | 674,335 USD | 04/28/24 | 82,335 | |||||||||||
Henry Hub |
960 | ICE | 10,455,458 USD | 05/01/24 | 4,772,258 | |||||||||||
Henry Hub |
158 | NYMEX | 1,052,742 USD | 05/28/24 | 57,737 | |||||||||||
Henry Hub |
926 | ICE | 10,118,978 USD | 06/01/24 | 4,287,493 | |||||||||||
Henry Hub |
158 | NYMEX | 1,052,742 USD | 06/28/24 | 5,202 | |||||||||||
Henry Hub |
805 | ICE | 9,203,291 USD | 07/01/24 | 3,866,141 | |||||||||||
Henry Hub |
898 | ICE | 9,972,013 USD | 08/01/24 | 3,917,248 | |||||||||||
Henry Hub |
158 | NYMEX | 1,052,742 USD | 08/01/24 | (12,573 | ) | ||||||||||
Henry Hub |
596 | ICE | 7,523,978 USD | 09/01/24 | 3,542,698 | |||||||||||
Henry Hub |
158 | NYMEX | 1,052,742 USD | 09/01/24 | (2,698 | ) | ||||||||||
Henry Hub |
929 | ICE | 9,837,242 USD | 10/01/24 | 3,468,947 | |||||||||||
Henry Hub |
158 | NYMEX | 1,052,742 USD | 10/01/24 | (30,348 | ) | ||||||||||
Henry Hub |
1,230 | ICE | 13,180,883 USD | 11/01/24 | 3,676,058 | |||||||||||
Henry Hub |
1,158 | ICE | 12,538,901 USD | 12/01/24 | 2,293,496 | |||||||||||
Henry Hub |
58 | NYMEX | 583,700 USD | 12/25/24 | 32,700 | |||||||||||
Henry Hub |
58 | NYMEX | 583,700 USD | 01/28/25 | 49,375 |
See Notes to Consolidated Schedule of Investments.
109
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||
Henry Hub |
140 | ICE | 1,547,136 USD | 02/01/25 | $ | 257,386 | ||||||||||
Henry Hub |
58 | NYMEX | 583,700 USD | 02/28/25 | 93,020 | |||||||||||
Henry Hub |
155 | ICE | 1,712,901 USD | 03/01/25 | 401,601 | |||||||||||
Henry Hub |
58 | NYMEX | 583,700 USD | 03/28/25 | 132,895 | |||||||||||
Henry Hub |
120 | ICE | 1,259,899 USD | 04/01/25 | 327,199 | |||||||||||
Henry Hub |
58 | NYMEX | 583,700 USD | 04/28/25 | 131,590 | |||||||||||
Henry Hub |
155 | ICE | 1,686,346 USD | 05/01/25 | 478,121 | |||||||||||
Henry Hub |
58 | NYMEX | 583,700 USD | 05/28/25 | 111,435 | |||||||||||
Henry Hub |
150 | ICE | 1,631,947 USD | 06/01/25 | 410,572 | |||||||||||
Henry Hub |
155 | ICE | 1,686,346 USD | 07/01/25 | 372,333 | |||||||||||
Henry Hub |
58 | NYMEX | 583,700 USD | 07/01/25 | 92,005 | |||||||||||
Henry Hub |
155 | ICE | 1,686,346 USD | 08/01/25 | 361,483 | |||||||||||
Henry Hub |
58 | NYMEX | 583,700 USD | 08/01/25 | 87,945 | |||||||||||
Henry Hub |
150 | ICE | 1,631,947 USD | 09/01/25 | 364,072 | |||||||||||
Henry Hub |
58 | NYMEX | 583,700 USD | 09/01/25 | 93,455 | |||||||||||
Henry Hub |
155 | ICE | 1,686,346 USD | 10/01/25 | 354,896 | |||||||||||
Henry Hub |
58 | NYMEX | 583,700 USD | 10/01/25 | 85,480 | |||||||||||
Henry Hub |
150 | ICE | 1,657,646 USD | 11/01/25 | 251,396 | |||||||||||
Henry Hub |
58 | NYMEX | 583,700 USD | 11/01/25 | 39,950 | |||||||||||
Henry Hub |
155 | ICE | 1,712,901 USD | 12/01/25 | 98,964 | |||||||||||
Henry Hub |
58 | NYMEX | 583,700 USD | 12/01/25 | (20,225 | ) | ||||||||||
Henry Hub |
30 | NYMEX | 279,750 USD | 12/26/25 | (52,650 | ) | ||||||||||
Henry Hub |
30 | NYMEX | 279,750 USD | 01/27/26 | (41,625 | ) | ||||||||||
Henry Hub |
30 | NYMEX | 279,750 USD | 02/24/26 | (5,850 | ) | ||||||||||
Henry Hub |
30 | NYMEX | 279,750 USD | 03/26/26 | 27,600 | |||||||||||
Henry Hub |
30 | NYMEX | 279,750 USD | 04/27/26 | 27,600 | |||||||||||
Henry Hub |
30 | NYMEX | 279,750 USD | 05/26/26 | 16,950 | |||||||||||
Henry Hub |
30 | NYMEX | 279,750 USD | 06/25/26 | 6,075 | |||||||||||
Henry Hub |
30 | NYMEX | 279,750 USD | 07/28/26 | 3,675 | |||||||||||
Henry Hub |
30 | NYMEX | 279,750 USD | 08/26/26 | 6,375 | |||||||||||
Henry Hub |
30 | NYMEX | 279,750 USD | 09/25/26 | 1,725 | |||||||||||
Henry Hub |
30 | NYMEX | 279,750 USD | 10/27/26 | (21,150 | ) | ||||||||||
Henry Hub |
30 | NYMEX | 279,750 USD | 11/24/26 | (52,950 | ) | ||||||||||
Henry Hub |
1 | ICE | 9,898 USD | 01/01/27 | (1,880 | ) | ||||||||||
Henry Hub |
4 | ICE | 39,590 USD | 02/01/27 | (5,870 | ) | ||||||||||
Henry Hub |
1 | ICE | 9,898 USD | 03/01/27 | 20 | |||||||||||
Henry Hub |
2 | ICE | 19,795 USD | 04/01/27 | 3,090 | |||||||||||
Henry Hub |
1 | ICE | 9,898 USD | 05/01/27 | 1,583 | |||||||||||
Henry Hub |
2 | ICE | 19,795 USD | 06/01/27 | 2,540 | |||||||||||
Henry Hub |
1 | ICE | 9,898 USD | 07/01/27 | 920 | |||||||||||
Henry Hub |
1 | ICE | 9,898 USD | 08/01/27 | 825 | |||||||||||
Henry Hub |
2 | ICE | 19,795 USD | 09/01/27 | 1,825 | |||||||||||
Henry Hub |
1 | ICE | 9,898 USD | 10/01/27 | 733 | |||||||||||
Henry Hub |
2 | ICE | 19,795 USD | 11/01/27 | (245 | ) | ||||||||||
Henry Hub |
1 | ICE | 9,898 USD | 12/01/27 | (1,175 | ) | ||||||||||
Henry Physical Basis |
31 | ICE | 7,750 USD | 01/03/24 | 41,114 | |||||||||||
Henry Physical Basis |
60 | ICE | 31,500 USD | 04/02/24 | (7,875 | ) | ||||||||||
Henry Physical Basis |
30 | ICE | 18,750 USD | 04/02/24 | (1,500 | ) |
See Notes to Consolidated Schedule of Investments.
110
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||
HSC Basis |
31 | ICE | 15,887 USD | 12/03/24 | $ | 2,519 | ||||||||||
HSC Basis |
31 | ICE | 17,050 USD | 01/03/25 | 2,519 | |||||||||||
HSC Basis |
30 | ICE | 14,812 USD | 04/02/26 | (375 | ) | ||||||||||
HSC Basis |
31 | ICE | 15,306 USD | 05/04/26 | 581 | |||||||||||
HSC Basis |
30 | ICE | 14,812 USD | 06/02/26 | 563 | |||||||||||
HSC Basis |
31 | ICE | 15,306 USD | 07/02/26 | (2,519 | ) | ||||||||||
HSC Basis |
31 | ICE | 15,306 USD | 08/04/26 | (3,294 | ) | ||||||||||
HSC Basis |
30 | ICE | 14,813 USD | 09/02/26 | 2,812 | |||||||||||
HSC Basis |
31 | ICE | 15,306 USD | 10/02/26 | 6,587 | |||||||||||
ICE 3 Month Sonia |
187 | ICE | 44,747,800 GBP | 12/17/24 | (174,468 | ) | ||||||||||
ICE 3 Month Sonia |
658 | ICE | 157,147,088 GBP | 03/18/25 | (1,792,461 | ) | ||||||||||
ICE 3 Month Sonia |
425 | ICE | 102,234,515 GBP | 06/17/25 | (581,381 | ) | ||||||||||
ICE 3 Month Sonia |
153 | ICE | 36,916,117 GBP | 12/16/25 | (208,320 | ) | ||||||||||
Japan Yen Currency |
50 | CME | 4,478,311 USD | 03/18/24 | (9,189 | ) | ||||||||||
Lean Hogs |
530 | CME | 16,775,202 USD | 04/16/24 | 907,002 | |||||||||||
Live Cattle |
170 | CME | 11,567,003 USD | 02/29/24 | 109,003 | |||||||||||
Live Cattle |
15 | CME | 1,019,320 USD | 04/30/24 | (14,180 | ) | ||||||||||
Long Gilt |
2 | LIFFE | 207,060 GBP | 03/26/24 | 2,243 | |||||||||||
Michon Basis |
186 | ICE | 58,745 USD | 03/04/24 | 6,355 | |||||||||||
Michon Basis |
60 | ICE | 27,187 USD | 03/28/24 | (11,813 | ) | ||||||||||
Michon Basis |
217 | ICE | 84,552 USD | 04/30/24 | (465 | ) | ||||||||||
Michon Basis |
30 | ICE | 20,625 USD | 05/31/24 | (5,250 | ) | ||||||||||
Michon Basis |
31 | ICE | 21,312 USD | 06/28/24 | 1,550 | |||||||||||
Michon Basis |
31 | ICE | 21,312 USD | 07/31/24 | 2,712 | |||||||||||
Michon Basis |
30 | ICE | 20,625 USD | 08/30/24 | 11,625 | |||||||||||
Michon Basis |
31 | ICE | 21,312 USD | 09/30/24 | 20,150 | |||||||||||
NASDAQ 100 E-Mini |
53 | CME | 17,599,162 USD | 03/15/24 | (445,748 | ) | ||||||||||
Natural Gas |
223 | NYMEX | 5,637,415 USD | 01/01/24 | (202,955 | ) | ||||||||||
Natural Gas |
38 | NYMEX | 892,610 USD | 01/29/24 | (62,710 | ) | ||||||||||
Natural Gas |
711 | NYMEX | 17,527,583 USD | 02/27/24 | 982,613 | |||||||||||
Natural Gas |
49 | NYMEX | 1,062,750 USD | 03/26/24 | (66,210 | ) | ||||||||||
Natural Gas |
126 | NYMEX | 2,954,470 USD | 04/26/24 | (29,210 | ) | ||||||||||
Natural Gas |
100 | NYMEX | 2,794,480 USD | 05/29/24 | 275,480 | |||||||||||
Natural Gas |
114 | NYMEX | 3,247,210 USD | 06/26/24 | 223,930 | |||||||||||
Natural Gas |
47 | NYMEX | 1,445,817 USD | 07/29/24 | 178,227 | |||||||||||
Natural Gas |
4 | NYMEX | 116,420 USD | 08/28/24 | 9,540 | |||||||||||
Natural Gas |
192 | NYMEX | 5,137,180 USD | 09/26/24 | (127,460 | ) | ||||||||||
Natural Gas |
48 | NYMEX | 1,483,520 USD | 10/29/24 | (160 | ) | ||||||||||
Natural Gas |
203 | NYMEX | 7,036,541 USD | 11/26/24 | (147,629 | ) | ||||||||||
Natural Gas |
11 | NYMEX | 384,981 USD | 12/01/24 | (4,309 | ) | ||||||||||
Natural Gas |
28 | NYMEX | 273,860 USD | 12/27/24 | 7,860 | |||||||||||
Natural Gas |
13 | NYMEX | 538,400 USD | 01/01/25 | (3,050 | ) | ||||||||||
Natural Gas |
88 | NYMEX | 3,968,800 USD | 01/01/25 | 624,800 | |||||||||||
Natural Gas |
28 | NYMEX | 273,860 USD | 01/29/25 | 15,910 | |||||||||||
Natural Gas |
28 | NYMEX | 273,860 USD | 02/26/25 | 36,980 | |||||||||||
Natural Gas |
28 | NYMEX | 273,860 USD | 03/27/25 | 56,230 | |||||||||||
Natural Gas |
97 | NYMEX | 2,885,650 USD | 03/27/25 | (130,080 | ) | ||||||||||
Natural Gas |
28 | NYMEX | 273,860 USD | 04/28/25 | 55,600 |
See Notes to Consolidated Schedule of Investments.
111
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||
Natural Gas |
28 | NYMEX | 273,860 USD | 05/28/25 | $ | 45,870 | ||||||||||
Natural Gas |
28 | NYMEX | 273,860 USD | 06/26/25 | 36,490 | |||||||||||
Natural Gas |
28 | NYMEX | 273,860 USD | 07/29/25 | 34,530 | |||||||||||
Natural Gas |
28 | NYMEX | 273,860 USD | 08/27/25 | 37,190 | |||||||||||
Natural Gas |
28 | NYMEX | 273,860 USD | 09/26/25 | 33,340 | |||||||||||
Natural Gas |
28 | NYMEX | 273,860 USD | 10/29/25 | 11,360 | |||||||||||
Natural Gas |
28 | NYMEX | 273,860 USD | 11/25/25 | (17,690 | ) | ||||||||||
Natural Gas |
3 | NYMEX | 121,200 USD | 12/26/25 | (11,760 | ) | ||||||||||
Natural Gas |
46 | NYMEX | 2,107,359 USD | 12/29/25 | 68,639 | |||||||||||
Natural Gas |
138 | NYMEX | 5,035,763 USD | 01/01/26 | (1,080,397 | ) | ||||||||||
Natural Gas |
3 | NYMEX | 121,200 USD | 01/27/26 | (7,350 | ) | ||||||||||
Natural Gas |
33 | NYMEX | 1,472,542 USD | 01/28/26 | 58,492 | |||||||||||
Natural Gas |
138 | NYMEX | 5,035,763 USD | 02/01/26 | (877,537 | ) | ||||||||||
Natural Gas |
3 | NYMEX | 121,200 USD | 02/24/26 | 6,960 | |||||||||||
Natural Gas |
33 | NYMEX | 1,472,542 USD | 02/25/26 | 215,902 | |||||||||||
Natural Gas |
138 | NYMEX | 5,035,763 USD | 03/01/26 | (219,277 | ) | ||||||||||
Natural Gas |
3 | NYMEX | 121,200 USD | 03/26/26 | 20,340 | |||||||||||
Natural Gas |
9 | NYMEX | 400,984 USD | 03/27/26 | 98,404 | |||||||||||
Natural Gas |
138 | NYMEX | 5,035,763 USD | 04/01/26 | 396,203 | |||||||||||
Natural Gas |
3 | NYMEX | 121,200 USD | 04/27/26 | 20,340 | |||||||||||
Natural Gas |
33 | NYMEX | 1,472,542 USD | 04/28/26 | 363,082 | |||||||||||
Natural Gas |
138 | NYMEX | 5,035,763 USD | 05/01/26 | 396,203 | |||||||||||
Natural Gas |
3 | NYMEX | 121,200 USD | 05/26/26 | 16,080 | |||||||||||
Natural Gas |
33 | NYMEX | 1,472,942 USD | 05/27/26 | 316,622 | |||||||||||
Natural Gas |
138 | NYMEX | 5,035,763 USD | 06/01/26 | 200,243 | |||||||||||
Natural Gas |
3 | NYMEX | 121,200 USD | 06/25/26 | 11,730 | |||||||||||
Natural Gas |
33 | NYMEX | 1,472,542 USD | 06/26/26 | 268,372 | |||||||||||
Natural Gas |
138 | NYMEX | 5,035,763 USD | 07/01/26 | 143 | |||||||||||
Natural Gas |
3 | NYMEX | 121,200 USD | 07/28/26 | 10,770 | |||||||||||
Natural Gas |
33 | NYMEX | 1,472,542 USD | 07/29/26 | 257,812 | |||||||||||
Natural Gas |
138 | NYMEX | 5,035,763 USD | 08/01/26 | (44,017 | ) | ||||||||||
Natural Gas |
3 | NYMEX | 121,200 USD | 08/26/26 | 11,850 | |||||||||||
Natural Gas |
33 | NYMEX | 1,472,942 USD | 08/27/26 | 270,092 | |||||||||||
Natural Gas |
138 | NYMEX | 5,035,763 USD | 09/01/26 | 5,663 | |||||||||||
Natural Gas |
3 | NYMEX | 121,200 USD | 09/25/26 | 9,990 | |||||||||||
Natural Gas |
33 | NYMEX | 1,472,542 USD | 09/28/26 | 249,232 | |||||||||||
Natural Gas |
138 | NYMEX | 5,035,763 USD | 10/01/26 | (79,897 | ) | ||||||||||
Natural Gas |
3 | NYMEX | 121,200 USD | 10/27/26 | 840 | |||||||||||
Natural Gas |
33 | NYMEX | 1,472,542 USD | 10/28/26 | 148,582 | |||||||||||
Natural Gas |
138 | NYMEX | 5,035,763 USD | 11/01/26 | (500,797 | ) | ||||||||||
Natural Gas |
3 | NYMEX | 121,200 USD | 11/24/26 | (11,880 | ) | ||||||||||
Natural Gas |
33 | NYMEX | 1,472,542 USD | 11/25/26 | 8,662 | |||||||||||
Natural Gas |
138 | NYMEX | 5,035,763 USD | 12/01/26 | (1,085,917 | ) | ||||||||||
Natural Gas |
53 | NYMEX | 2,370,900 USD | 12/29/26 | (125,930 | ) | ||||||||||
Natural Gas |
53 | NYMEX | 2,370,900 USD | 01/27/27 | (38,480 | ) | ||||||||||
Natural Gas |
53 | NYMEX | 2,370,900 USD | 02/24/27 | 276,870 | |||||||||||
Natural Gas |
53 | NYMEX | 2,370,900 USD | 03/29/27 | 600,170 | |||||||||||
Natural Gas |
53 | NYMEX | 2,370,900 USD | 04/28/27 | 608,120 |
See Notes to Consolidated Schedule of Investments.
112
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||
Natural Gas |
53 | NYMEX | 2,370,900 USD | 05/26/27 | $ | 541,870 | ||||||||||
Natural Gas |
53 | NYMEX | 2,370,900 USD | 06/28/27 | 467,670 | |||||||||||
Natural Gas |
53 | NYMEX | 2,370,900 USD | 07/28/27 | 447,530 | |||||||||||
Natural Gas |
53 | NYMEX | 2,370,900 USD | 08/27/27 | 466,080 | |||||||||||
Natural Gas |
53 | NYMEX | 2,370,900 USD | 09/28/27 | 427,920 | |||||||||||
Natural Gas |
53 | NYMEX | 2,370,900 USD | 10/27/27 | 246,660 | |||||||||||
Natural Gas |
53 | NYMEX | 2,370,900 USD | 11/26/27 | 23,530 | |||||||||||
NGPL TXOK Basis |
155 | ICE | 45,647 USD | 01/03/24 | 34,759 | |||||||||||
NGPL TXOK Basis |
145 | ICE | 41,506 USD | 02/02/24 | 41,869 | |||||||||||
NNG Ventura Basis |
31 | ICE | 21,700 USD | 07/02/24 | (1,744 | ) | ||||||||||
NNG Ventura Basis |
31 | ICE | 21,700 USD | 08/02/24 | (194 | ) | ||||||||||
NNG Ventura Basis |
30 | ICE | 21,000 USD | 09/04/24 | 8,062 | |||||||||||
NY Harbor ULSD |
148 | NYMEX | 16,548,491 USD | 01/31/24 | 828,849 | |||||||||||
Palladium |
2 | NYMEX | 191,900 USD | 03/26/24 | (29,960 | ) | ||||||||||
Panhandle Basis |
31 | ICE | 38,750 USD | 01/03/24 | 35,844 | |||||||||||
Panhandle Basis |
29 | ICE | 17,400 USD | 01/31/24 | 9,244 | |||||||||||
Panhandle Basis |
31 | ICE | 18,600 USD | 03/04/24 | 37,781 | |||||||||||
Rockies Basis |
60 | ICE | 37,500 USD | 04/02/24 | 54,375 | |||||||||||
Soybean |
271 | CBOT | 10,637,757 USD | 03/14/24 | 177,157 | |||||||||||
Soybean |
49 | CBOT | 3,251,988 USD | 05/14/24 | 49,225 | |||||||||||
Soybean Oil |
10 | CBOT | 295,500 USD | 03/14/24 | 6,420 | |||||||||||
Soybean Oil |
387 | CBOT | 11,700,893 USD | 05/14/24 | 422,939 | |||||||||||
Sugar |
16 | ICE | 390,789 USD | 02/29/24 | 21,996 | |||||||||||
Sugar |
1,174 | ICE | 32,286,330 USD | 04/30/24 | 5,436,481 | |||||||||||
Swiss Franc Currency |
42 | CME | 6,141,119 USD | 03/18/24 | (148,381 | ) | ||||||||||
TETCO M3 Basis |
62 | ICE | 39,912 USD | 03/04/24 | (2,713 | ) | ||||||||||
U.S. Treasury 10-Year Note |
2,834 | CBOT | 312,925,634 USD | 03/19/24 | (7,006,398 | ) | ||||||||||
U.S. Treasury 2-Year Note |
639 | CBOT | 130,462,973 USD | 03/28/24 | (1,116,112 | ) | ||||||||||
U.S. Treasury 5-Year Note |
427 | CBOT | 45,632,576 USD | 03/28/24 | (813,682 | ) | ||||||||||
U.S. Treasury Long Bond |
122 | CBOT | 14,256,539 USD | 03/19/24 | (985,836 | ) | ||||||||||
U.S. Treasury Ultra Long Bond |
72 | CBOT | 9,128,630 USD | 03/19/24 | (490,120 | ) | ||||||||||
VSTOXX |
523 | EUREX | 793,564 EUR | 01/17/24 | 18,667 | |||||||||||
VSTOXX |
468 | EUREX | 766,719 EUR | 03/20/24 | (6,051 | ) | ||||||||||
Western Hub Real-Time Peak Daily Mini |
175 | ICE | 2,713,952 USD | 01/03/24 | 550,112 | |||||||||||
Western Hub Real-Time Peak Daily Mini |
195 | ICE | 3,963,002 USD | 03/04/24 | 752,522 | |||||||||||
Western Hub Real-Time Peak Daily Mini |
151 | ICE | 2,405,286 USD | 05/02/24 | 268,576 | |||||||||||
Western Hub Real-Time Peak Daily Mini |
30 | ICE | 565,488 USD | 06/04/24 | 113,520 | |||||||||||
Western Hub Real-Time Peak Daily Mini |
5 | ICE | 87,280 USD | 07/02/24 | 15,520 | |||||||||||
Western Hub Real-Time Peak Daily Mini |
23 | ICE | 474,901 USD | 08/02/24 | (6,811 | ) | ||||||||||
Western Hub Real-Time Peak Daily Mini |
23 | ICE | 474,901 USD | 09/04/24 | 41,765 | |||||||||||
Western Hub Real-Time Peak Daily Mini |
3 | ICE | 43,200 USD | 12/03/24 | (384 | ) | ||||||||||
Wheat |
388 | CBOT | 12,403,899 USD | 05/14/24 | (2,401 | ) | ||||||||||
WTI Crude |
92 | NYMEX | 6,707,698 USD | 01/22/24 | 115,898 | |||||||||||
WTI Crude |
15 | NYMEX | 1,094,070 USD | 03/20/24 | 13,920 | |||||||||||
WTI Crude |
23 | NYMEX | 1,641,063 USD | 04/22/24 | (17,927 | ) | ||||||||||
WTI Crude |
32 | NYMEX | 2,283,797 USD | 05/21/24 | (24,043 | ) |
See Notes to Consolidated Schedule of Investments.
113
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Description |
Contracts | Exchange | Notional Amount |
Expiration Date |
Value/ Unrealized Appreciation (Depreciation) |
|||||||||||||
WTI Crude |
3 | NYMEX | 210,450 USD | 11/20/24 | $ | (450 | ) | |||||||||||
|
|
|||||||||||||||||
$ | 39,133,989 | |||||||||||||||||
|
|
|||||||||||||||||
Total Futures Contracts Outstanding |
|
$ | (6,186,702 | ) | ||||||||||||||
|
|
Forward Foreign Currency Exchange Contracts Outstanding at December 31, 2023
Currency Purchased |
Amount in Currency Purchased |
Currency Sold |
Amount in Currency Sold |
Counterparty |
Settlement Date |
Unrealized Appreciation (Depreciation) |
||||||||||||||
BRL |
47,810,527 | EUR | 8,955,345 | JPMorgan Chase Bank, N.A. | 01/03/24 | $ | (43,836 | ) | ||||||||||||
BRL |
47,810,527 | EUR | 8,879,288 | Citibank N.A. | 01/09/24 | 31,619 | ||||||||||||||
PEN |
16,500,000 | USD | 4,336,607 | State Street Bank And Trust Company | 01/31/24 | 120,106 | ||||||||||||||
IDR |
40,470,400,000 | USD | 2,551,273 | State Street Bank And Trust Company | 01/31/24 | 77,723 | ||||||||||||||
PHP |
134,900,000 | USD | 2,379,283 | State Street Bank And Trust Company | 01/31/24 | 57,417 | ||||||||||||||
SGD |
2,130,000 | USD | 1,559,754 | State Street Bank And Trust Company | 01/31/24 | 56,283 | ||||||||||||||
THB |
12,000,000 | USD | 343,929 | State Street Bank And Trust Company | 01/31/24 | 8,503 | ||||||||||||||
HKD |
5,131,000 | USD | 656,926 | State Street Bank and Trust Company | 01/31/24 | 580 | ||||||||||||||
USD |
343,985 | IDR | 5,450,000,000 | State Street Bank And Trust Company | 01/31/24 | (10,051 | ) | |||||||||||||
USD |
4,736,123 | PHP | 264,400,000 | State Street Bank And Trust Company | 01/31/24 | (39,738 | ) | |||||||||||||
USD |
2,242,604 | SGD | 3,062,500 | State Street Bank and Trust Company | 01/31/24 | (80,923 | ) | |||||||||||||
USD |
2,117,314 | PEN | 8,230,000 | State Street Bank and Trust Company | 01/31/24 | (105,640 | ) | |||||||||||||
USD |
2,231,893 | TWD | 71,800,000 | State Street Bank and Trust Company | 01/31/24 | (130,382 | ) | |||||||||||||
USD |
2,588,224 | THB | 92,700,000 | State Street Bank And Trust Company | 01/31/24 | (134,316 | ) | |||||||||||||
EUR |
8,894,982 | BRL | 47,810,527 | Citibank N.A. | 01/03/24 | (22,802 | ) | |||||||||||||
USD |
8,265,000 | CNH | 58,722,412 | JPMorgan Chase Bank, N.A. | 01/02/24 | 24,010 | ||||||||||||||
CNH |
58,725,284 | USD | 8,240,122 | JPMorgan Chase Bank, N.A. | 01/02/24 | 1,271 | ||||||||||||||
BRL |
33,561,712 | USD | 6,790,350 | JPMorgan Chase Bank, N.A. | 01/03/24 | 118,764 | ||||||||||||||
BRL |
11,200,000 | USD | 2,281,779 | State Street Bank and Trust Company | 01/03/24 | 23,886 | ||||||||||||||
USD |
2,311,662 | BRL | 11,200,000 | State Street Bank and Trust Company | 01/03/24 | 5,996 | ||||||||||||||
USD |
6,914,128 | BRL | 33,561,713 | Citibank N.A. | 01/03/24 | 5,013 | ||||||||||||||
CNH |
4,814,601 | USD | 677,984 | JPMorgan Chase Bank, N.A. | 01/09/24 | (2,003 | ) | |||||||||||||
USD |
8,240,122 | CNH | 58,672,473 | JPMorgan Chase Bank, N.A. | 01/16/24 | (1,329 | ) | |||||||||||||
CNH |
58,631,910 | USD | 8,265,000 | Nomura International PLC | 01/16/24 | (29,246 | ) | |||||||||||||
HUF |
10,399,875,280 | EUR | 27,132,297 | JPMorgan Chase Bank, N.A. | 01/16/24 | (44,460 | ) | |||||||||||||
EUR |
489,000 | USD | 537,969 | Citibank N.A. | 01/17/24 | 2,157 | ||||||||||||||
USD |
518,022 | EUR | 489,000 | Citibank N.A. | 01/17/24 | (22,103 | ) | |||||||||||||
USD |
13,412,620 | EUR | 12,253,836 | HSBC Bank PLC | 01/17/24 | (122,370 | ) | |||||||||||||
BRL |
12,381,782 | USD | 2,557,955 | Citibank N.A. | 01/22/24 | (12,065 | ) | |||||||||||||
USD |
10,376,720 | EUR | 9,688,000 | State Street Bank And Trust Company | 01/25/24 | (327,541 | ) | |||||||||||||
NOK |
27,900,000 | USD | 2,521,498 | State Street Bank And Trust Company | 01/31/24 | 226,479 | ||||||||||||||
PLN |
8,400,000 | USD | 2,011,182 | State Street Bank And Trust Company | 01/31/24 | 122,888 | ||||||||||||||
ZAR |
41,100,000 | USD | 2,131,975 | State Street Bank and Trust Company | 01/31/24 | 109,600 | ||||||||||||||
COP |
3,266,000,000 | USD | 760,260 | State Street Bank and Trust Company | 01/31/24 | 77,741 | ||||||||||||||
CZK |
42,800,000 | USD | 1,860,286 | State Street Bank And Trust Company | 01/31/24 | 51,811 | ||||||||||||||
SEK |
11,900,000 | USD | 1,130,890 | State Street Bank And Trust Company | 01/31/24 | 50,269 | ||||||||||||||
KRW |
2,640,000,000 | USD | 1,997,400 | State Street Bank And Trust Company | 01/31/24 | 43,787 | ||||||||||||||
MXN |
4,400,000 | USD | 236,540 | State Street Bank and Trust Company | 01/31/24 | 21,421 |
See Notes to Consolidated Schedule of Investments.
114
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Currency Purchased |
Amount in Currency Purchased |
Currency Sold |
Amount in Currency Sold |
Counterparty |
Settlement Date |
Unrealized Appreciation (Depreciation) |
||||||||||||||
INR |
459,600,000 | USD | 5,509,140 | State Street Bank And Trust Company | 01/31/24 | $ | 6,336 | |||||||||||||
HUF |
238,100,000 | USD | 677,876 | State Street Bank And Trust Company | 01/31/24 | 5,794 | ||||||||||||||
CNH |
1,550,000 | USD | 217,495 | State Street Bank and Trust Company | 01/31/24 | 430 | ||||||||||||||
USD |
3,298,602 | INR | 275,000,000 | State Street Bank And Trust Company | 01/31/24 | (1,563 | ) | |||||||||||||
USD |
103,746 | ZAR | 2,000,000 | State Street Bank and Trust Company | 01/31/24 | (5,333 | ) | |||||||||||||
USD |
1,808,414 | CZK | 40,700,000 | State Street Bank And Trust Company | 01/31/24 | (9,865 | ) | |||||||||||||
CLP |
3,147,600,000 | USD | 3,614,383 | State Street Bank And Trust Company | 01/31/24 | (47,978 | ) | |||||||||||||
USD |
2,748,338 | COP | 10,965,900,000 | State Street Bank And Trust Company | 01/31/24 | (65,327 | ) | |||||||||||||
USD |
1,444,876 | CLP | 1,339,400,000 | State Street Bank And Trust Company | 01/31/24 | (72,738 | ) | |||||||||||||
USD |
1,400,137 | PLN | 5,800,000 | State Street Bank And Trust Company | 01/31/24 | (73,388 | ) | |||||||||||||
USD |
1,840,616 | HUF | 671,100,000 | State Street Bank And Trust Company | 01/31/24 | (86,351 | ) | |||||||||||||
USD |
947,797 | NOK | 10,513,334 | State Street Bank And Trust Company | 01/31/24 | (87,702 | ) | |||||||||||||
USD |
3,140,243 | KRW | 4,221,900,000 | State Street Bank And Trust Company | 01/31/24 | (124,031 | ) | |||||||||||||
USD |
2,140,732 | AUD | 3,367,419 | State Street Bank and Trust Company | 01/31/24 | (156,062 | ) | |||||||||||||
USD |
1,888,366 | SEK | 20,909,273 | State Street Bank And Trust Company | 01/31/24 | (187,026 | ) | |||||||||||||
USD |
3,994,504 | CHF | 3,535,000 | State Street Bank and Trust Company | 01/31/24 | (220,391 | ) | |||||||||||||
USD |
2,199,290 | ILS | 8,885,000 | State Street Bank and Trust Company | 01/31/24 | (256,200 | ) | |||||||||||||
USD |
11,226,531 | CNH | 81,768,000 | State Street Bank And Trust Company | 01/31/24 | (269,774 | ) | |||||||||||||
BRL |
11,200,000 | USD | 2,302,963 | State Street Bank and Trust Company | 02/02/24 | (1,037 | ) | |||||||||||||
USD |
641,370 | GBP | 529,000 | Citibank N.A. | 02/02/24 | (33,029 | ) | |||||||||||||
USD |
1,013,393 | EUR | 946,000 | Citibank N.A. | 02/13/24 | (32,626 | ) | |||||||||||||
USD |
1,094,227 | GBP | 895,000 | Citibank N.A. | 02/13/24 | (46,834 | ) | |||||||||||||
USD |
29,388,102 | GBP | 23,078,000 | State Street Bank And Trust Company | 02/16/24 | (35,146 | ) | |||||||||||||
USD |
17,484,192 | AUD | 26,792,000 | State Street Bank And Trust Company | 02/16/24 | (798,451 | ) | |||||||||||||
USD |
3,100,039 | EUR | 2,833,000 | Citibank N.A. | 02/22/24 | (33,609 | ) | |||||||||||||
USD |
127,619 | GBP | 101,000 | Citibank N.A. | 02/28/24 | (1,159 | ) | |||||||||||||
USD |
717,985 | EUR | 657,000 | Citibank N.A. | 03/01/24 | (8,969 | ) | |||||||||||||
USD |
1,440,786 | GBP | 1,147,000 | Citibank N.A. | 03/07/24 | (21,720 | ) | |||||||||||||
USD |
1,994,132 | EUR | 1,790,000 | Citibank N.A. | 03/28/24 | 11,325 | ||||||||||||||
CNH |
25,119,336 | USD | 3,480,000 | Goldman Sachs International | 04/16/24 | 70,755 | ||||||||||||||
USD |
5,655,000 | BRL | 27,949,837 | Deutsche Bank AG | 01/22/24 | (91,929 | ) | |||||||||||||
|
|
|||||||||||||||||||
Total Forward Foreign Currency Exchange Contacts Outstanding |
|
$ | (2,565,079 | ) | ||||||||||||||||
|
|
Centrally Cleared Credit Default Swaps on Single-Name Issuer (Buy Protection) Outstanding at December 31, 2023
Reference Obligation |
Financing |
Payment Frequency |
Maturity |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||||
Mexico Government International Bonds |
1.00 | 3M | 12/20/28 | |
Intercontinental Exchange, Inc. |
|
1,600,000 | USD | $ | (5,033 | ) | $ | 3,837 | $ | (8,870 | ) |
See Notes to Consolidated Schedule of Investments.
115
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Reference Obligation |
Financing Fee |
Payment Frequency |
Maturity |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
Mexico Government International Bonds |
1.00 | 3M | 12/20/28 | Intercontinental Exchange, Inc. |
4,400,000 |
|
USD |
|
$ | 14,681 | $ | 39,021 | $ | (24,340 | ) | |||||||||||||||
Mexico Government International Bonds |
1.00 | 3M | 12/20/28 | Intercontinental Exchange, Inc. |
4,100,000 |
|
USD |
|
12,756 | 35,437 | (22,681 | ) | ||||||||||||||||||
Mexico Government International Bonds |
1.00 | 3M | 12/20/28 | Intercontinental Exchange, Inc. |
5,200,000 |
|
USD |
|
34,390 | 63,157 | (28,767 | ) | ||||||||||||||||||
Mexico Government International Bonds |
1.00 | 3M | 12/20/28 | Intercontinental Exchange, Inc. |
2,100,000 |
|
USD |
|
13,886 | 25,503 | (11,617 | ) | ||||||||||||||||||
Mexico Government International Bonds |
1.00 | 3M | 12/20/28 | Goldman Sachs International |
4,200,000 |
|
USD |
|
28,708 | 51,942 | (23,234 | ) | ||||||||||||||||||
Republic of South Africa |
1.00 | 3M | 12/20/28 | Citibank N.A. | 4,300,000 |
|
USD |
|
678,177 | 483,330 | 194,847 | |||||||||||||||||||
Republic of South Africa Government International Bonds |
1.00 | 3M | 12/20/28 | JPMorgan Chase Bank N.A. |
2,800,000 |
|
USD |
|
126,877 | 0 | 126,877 | |||||||||||||||||||
Republic of South Africa |
1.00 | 3M | 12/20/28 | Morgan Stanley & Co. LLC |
500,000 | USD | 22,657 | 0 | 22,657 | |||||||||||||||||||||
Republic of South Africa |
1.00 | 3M | 12/20/28 | Morgan Stanley & Co. LLC |
3,500,000 |
|
USD |
|
158,596 | 0 | 158,596 | |||||||||||||||||||
Mexico Government International Bonds |
1.00 | 3M | 12/20/28 | Citigroup Global Markets Limited |
2,900,000 |
|
USD |
|
(16,043 | ) | 0 | (16,043 | ) | |||||||||||||||||
Mexico Government International Bonds |
1.00 | 3M | 12/20/28 | Goldman Sachs International |
2,900,000 |
|
USD |
|
(16,043 | ) | 0 | (16,043 | ) | |||||||||||||||||
|
|
|||||||||||||||||||||||||||||
Total Centrally Cleared Credit Default Swaps on Single-Name Issuer (Buy Protection) |
|
$ | 1,053,609 | $ | 702,227 | $ | 351,382 | |||||||||||||||||||||||
|
|
See Notes to Consolidated Schedule of Investments.
116
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Centrally Cleared Credit Default Swaps on Index (Buy Protection) Outstanding at December 31, 2023
Reference Obligation |
Financing Fee |
Payment Frequency |
Maturity Date |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
CMBX.NA.BBB-.9 |
3.00% | M | 9/17/2058 | Goldman Sachs International |
177,000 | USD | $ | 30,866 | $ | 5,120 | $ | 25,746 | ||||||||||||||||||
CMBX.NA.A.8 |
2.00% | M | 10/17/2057 | Morgan Stanley & Co. LLC |
73,000 | USD | 5,557 | 2,190 | 3,367 | |||||||||||||||||||||
CDX.EM.40 |
1.00% | 3M | 12/20/2028 | Intercontinental Exchange, Inc. |
59,700,000 | USD | 4,589,660 | 2,877,540 | 1,712,120 | |||||||||||||||||||||
CDX.EM.S40 |
1.00% | 3M | 12/20/2028 | Morgan Stanley & Co. LLC |
154,500,000 | USD | 12,372,163 | 7,941,300 | 4,430,863 | |||||||||||||||||||||
CDX.NA.IG.S41 |
1.00% | 3M | 12/20/2028 | Intercontinental Exchange, Inc. |
3,800,000 | USD | (102,502 | ) | (27,779 | ) | (74,723 | ) | ||||||||||||||||||
CMBX.NA.A.14 |
2.00% | M | 12/16/2072 | Goldman Sachs & Co., LLC |
201,000 | USD | 39,740 | 21,907 | 17,833 | |||||||||||||||||||||
CDX.EM.S40 |
1.00% | 3M | 12/20/2028 | Intercontinental Exchange, Inc. |
2,200,000 | USD | 63,093 | 0 | 63,093 | |||||||||||||||||||||
CDX.EM.S40 |
1.00% | 3M | 12/20/2028 | JPMorgan Chase Bank N.A. |
8,400,000 | USD | (240,901 | ) | 0 | (240,901 | ) | |||||||||||||||||||
CDX.EM.S40 |
1.00% | 3M | 12/20/2028 | JPMorgan Chase Bank N.A. |
6,400,000 | USD | 183,544 | 0 | 183,544 | |||||||||||||||||||||
CDX.EM.S40 |
1.00% | 3M | 12/20/2028 | JPMorgan Chase Bank N.A. |
5,800,000 | USD | 166,337 | 0 | 166,337 | |||||||||||||||||||||
CDX.EM.S40 |
1.00% | 3M | 12/20/2028 | Barclays Bank PLC |
3,600,000 | USD | 103,243 | 0 | 103,243 | |||||||||||||||||||||
CDX.EM.S40 |
1.00% | 3M | 12/20/2028 | JPMorgan Chase Bank N.A. |
3,700,000 | USD | 106,111 | 0 | 106,111 | |||||||||||||||||||||
CMBX.NA.BBB-.8 |
3.00% | M | 10/17/2057 | Morgan Stanley & Co. LLC |
2,219,000 | USD | 332,813 | 0 | 332,813 | |||||||||||||||||||||
CDX.EM.S40 |
1.00% | 3M | 12/20/2028 | JPMorgan Chase Bank N.A. |
14,500,000 | USD | 415,841 | 0 | 415,841 | |||||||||||||||||||||
CDX.NA.HY.S41 |
5.00% | 3M | 12/20/2028 | Barclays Bank PLC |
14,500,000 | USD | (857,853 | ) | 0 | (857,853 | ) | |||||||||||||||||||
CMBX.NA.BBB-.10 |
3.00% | M | 11/17/2059 | Morgan Stanley & Co. LLC |
6,747,000 | USD | 1,615,119 | 837,816 | 777,303 | |||||||||||||||||||||
CMBX.NA.BBB-.10 |
3.00% | M | 11/17/2059 | JPMorgan Chase Bank N.A. |
7,363,000 | USD | 1,762,579 | 71,578 | 1,691,001 | |||||||||||||||||||||
CDX.NA.HY.S41 |
5.00% | 3M | 12/20/2028 | Intercontinental Exchange, Inc. |
29,100,000 | USD | (1,721,623 | ) | 0 | (1,721,623 | ) | |||||||||||||||||||
CDX.NA.HY.S41 |
5.00% | 3M | 12/20/2028 | Goldman Sachs International |
13,100,000 | USD | (775,026 | ) | 0 | (775,026 | ) | |||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
Total Centrally Cleared Credit Default Swaps on Index (Buy Protection) |
|
$ | 18,088,761 | $ | 11,729,672 | $ | 6,359,089 | |||||||||||||||||||||||
|
|
Centrally Cleared Credit Default Swaps on Index (Sell Protection) Outstanding at December 31, 2023
Reference Obligation |
Financing Fee |
Payment Frequency |
Maturity Date |
Counterparty |
Rating(1) |
Notional Amount(2) |
Market Value |
Upfront Premium Paid |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||||||||
CMBX.NA.BBB-.9 |
3.00% | M | 9/17/2058 | JPMorgan Chase Bank N.A. |
BBB | 177,000 | USD | $ | (30,866 | ) | $ | (910 | ) | $ | (29,956 | ) | ||||||||||||||||||
CMBX.NA.A.14 |
2.00% | M | 12/16/2072 | Morgan Stanley & Co. LLC |
A | 201,000 | USD | (2,047 | ) | 481 | (2,528 | ) | ||||||||||||||||||||||
CDX.NA.IG.41 |
1.00% | 3M | 12/20/2028 | Royal Bank of Canada |
NR | 202,553,750 | USD | 6,439,935 | 2,456,944 | 3,982,991 | ||||||||||||||||||||||||
iTraxx Europe Series 40 |
1.00% | 3M | 12/20/2028 | Intercontinental Exchange, Inc. |
NR | 36,300,000 | EUR | 1,377,975 | 588,860 | 789,115 | ||||||||||||||||||||||||
CMBX.NA.A.8 |
2.00% | M | 10/17/2057 | Goldman Sachs & Co., LLC |
NR | 505,000 | USD | (23,291 | ) | (4,332 | ) | (18,959 | ) |
See Notes to Consolidated Schedule of Investments.
117
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Reference Obligation |
Financing Fee |
Payment Frequency |
Maturity Date |
Counterparty |
Rating(1) |
Notional Amount(2) |
Market Value |
Upfront Premium Paid |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||||||||
CMBX.NA.BBB-.16 |
3.00% | M | 4/17/2065 | JPMorgan Chase Bank N.A. |
BBB | 5,000,000 | USD | $ | (904,917 | ) | $ | 0 | $ | (904,917 | ) | |||||||||||||||||||
CDX.NA.HY.S41 |
5.00% | 3M | 12/20/2028 | JPMorgan Chase Bank N.A. |
NR | 4,000,000 | USD | 2,231 | 0 | 2,231 | ||||||||||||||||||||||||
CMBX.NA.BBB-.8 |
3.00% | M | 10/17/2057 | JPMorgan Chase Bank N.A. |
BBB | 2,160,000 | USD | (323,964 | ) | (114,150 | ) | (209,814 | ) | |||||||||||||||||||||
CMBX.NA.BBB-.8 |
3.00% | M | 10/17/2057 | Goldman Sachs International |
BBB | 59,000 | USD | (8,849 | ) | (1,489 | ) | (7,360 | ) | |||||||||||||||||||||
CMBX.NA.BBB-.10 |
3.00% | M | 11/17/2059 | Goldman Sachs International |
BBB | 19,162,000 | USD | (4,587,063 | ) | (712,648 | ) | (3,874,415 | ) | |||||||||||||||||||||
iTraxx Europe Xover Series 40 |
5.00% | 3M | 12/20/2028 | JPMorgan Chase Bank N.A. |
NR | 13,500,000 | EUR | 1,207,390 | 0 | 1,207,390 | ||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||
Total Centrally Cleared Credit Default Swaps on Index (Sell Protection) |
|
$ | 3,146,534 | $ | 2,212,756 | $ | 933,778 | |||||||||||||||||||||||||||
|
|
(1) | Using the higher of the S&Ps or Moodys ratings. NR represents a security that is not rated. |
(2) | The maximum potential amount the Fund may pay should a negative credit event take place as defined under the terms of the agreement. |
OTC Credit Default Swaps on Single-Name Issuer (Buy Protection) Outstanding at December 31, 2023
Reference Obligation |
Financing Fee |
Payment Frequency |
Maturity Date |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
Republic of Peru |
1.00% | 3M | 12/20/2028 | Intercontinental Exchange, Inc. |
5,800,000 | USD | $ | (129,506 | ) | $ | (50,107 | ) | $ | (79,399 | ) | |||||||||||||||
Republic of Chile |
1.00% | 3M | 12/20/2028 | Intercontinental Exchange, Inc. |
11,100,000 | USD | (423,843 | ) | (167,839 | ) | (256,004 | ) | ||||||||||||||||||
Republic of Peru |
1.00% | 3M | 12/20/2028 | Intercontinental Exchange, Inc. |
2,600,000 | USD | (59,979 | ) | (24,386 | ) | (35,593 | ) | ||||||||||||||||||
Republic of Saudi Arabia |
1.00% | 3M | 12/20/2028 | Intercontinental Exchange, Inc. |
7,900,000 | USD | (392,883 | ) | (219,314 | ) | (173,569 | ) | ||||||||||||||||||
Republic of Chile |
1.00% | 3M | 12/20/2028 | Citigroup Global Markets Limited |
1,300,000 | USD | (29,982 | ) | 0 | (29,982 | ) | |||||||||||||||||||
Republic of Saudi Arabia |
1.00% | 3M | 12/20/2028 | Goldman Sachs International |
2,200,000 | USD | (48,336 | ) | 0 | (48,336 | ) | |||||||||||||||||||
Republic of Saudi Arabia |
1.00% | 3M | 12/20/2028 | Morgan Stanley & Co. LLC |
3,800,000 | USD | (83,489 | ) | 0 | (83,489 | ) | |||||||||||||||||||
Republic of Saudi Arabia |
1.00% | 3M | 12/20/2028 | Morgan Stanley & Co. LLC |
4,000,000 | USD | (87,883 | ) | 0 | (87,883 | ) | |||||||||||||||||||
Republic of Panama |
1.00% | 3M | 12/20/2028 | Barclays Bank PLC |
2,200,000 | USD | 60,249 | 0 | 60,249 | |||||||||||||||||||||
Republic of Panama |
1.00% | 3M | 12/20/2028 | Citigroup Global Markets Limited |
1,500,000 | USD | 41,079 | 0 | 41,079 | |||||||||||||||||||||
Republic of Panama |
1.00% | 3M | 12/20/2028 | Goldman Sachs International |
1,400,000 | USD | 38,340 | 0 | 38,340 |
See Notes to Consolidated Schedule of Investments.
118
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Reference Obligation |
Financing Fee |
Payment Frequency |
Maturity Date |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
Republic of Peru |
1.00% | 3M | 12/20/2028 | Morgan Stanley & Co. LLC |
2,900,000 | USD | $ | (39,699 | ) | $ | 0 | $ | (39,699 | ) | ||||||||||||||||
Republic of Peru |
1.00% | 3M | 12/20/2028 | Bank of America N.A. |
1,500,000 | USD | (20,534 | ) | 0 | (20,534 | ) | |||||||||||||||||||
Republic of Peru |
1.00% | 3M | 12/20/2028 | Citigroup Global Markets Limited |
900,000 | USD | (12,321 | ) | 0 | (12,321 | ) | |||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
Total OTC Credit Default Swaps on Single-Name Issuer (Buy Protection) |
|
$ | (1,188,787 | ) | $ | (461,646 | ) | $ | (727,141 | ) | ||||||||||||||||||||
|
|
Variance/Volatility Swaps (Buy Contracts) Outstanding at December 31, 2023
Reference Obligation |
Financing Fee |
Payment Frequency |
Maturity |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
CorrSwap 2024-10-03 0.88 Put OTC |
0.00 | T | 10/03/24 | Citibank N.A. | 13,050,000 | EUR | $ | 136,100 | $ | 0 | $ | 136,100 | ||||||||||||||||||
Volatility Swap - CorrSwap (88% - 2024-03-07) |
0.00 | T | 3/07/24 | JPMorgan Chase Bank N.A. |
21,100 | USD | (43,959 | ) | 0 | (43,959 | ) | |||||||||||||||||||
EURO STOXX 50 Index |
13.20 | T | 1/19/24 | Bank of America N.A. |
1,648 | EUR | (137,605 | ) | 0 | (137,605 | ) | |||||||||||||||||||
FTSE 100 Index |
10.30 | T | 1/19/24 | Bank of America N.A. |
1,689 | GBP | (53,622 | ) | 0 | (53,622 | ) | |||||||||||||||||||
FTSE 100 Index |
10.45 | T | 1/19/24 | Bank of America N.A. |
1,665 | GBP | (79,196 | ) | 0 | (79,196 | ) | |||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
Total Variance/Volatility Swaps (Buy Contracts) |
|
$ | (178,282 | ) | $ | 0 | $ | (178,282 | ) | |||||||||||||||||||||
|
|
Variance/Volatility Swaps (Sell Contracts) Outstanding at December 31, 2023
Reference Obligation |
Financing Fee |
Payment Frequency |
Maturity Date |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
J.P. Morgan US Short Vol Of Vol (JPOSSVV1) Index |
26.47 | T | 12/20/2024 | Goldman Sachs & Co., LLC |
(1,012,500 | ) | USD | $ | 560,530 | $ | 0 | $ | 560,530 |
See Notes to Consolidated Schedule of Investments.
119
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Reference Obligation |
Financing Fee |
Payment Frequency |
Maturity Date |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid |
Unrealized Appreciation (Depreciation) |
||||||||||||||||||||||
J.P. Morgan US Short Vol Of Vol (JPOSSVV1) Index |
26.65 | T | 12/20/2024 | Morgan Stanley Capital Services LLC |
(700,000 | ) | USD | $ | 274,899 | $ | 0 | $ | 274,899 | |||||||||||||||||
XAU/USD |
21.00 | T | 4/18/2024 | JPMorgan Chase Bank N.A. |
(2,143 | ) |
|
USD |
|
469,629 | 0 | 469,629 | ||||||||||||||||||
J.P. Morgan US Short Vol Of Vol (JPOSSVV1) Index |
27.24 | T | 12/20/2024 | Goldman Sachs & Co., LLC |
(500,000 | ) | USD | 249,545 | 0 | 249,545 | ||||||||||||||||||||
EURO STOXX 50 Index |
19.80 | T | 3/15/2024 | Goldman Sachs & Co., LLC |
(4,394 | ) |
|
EUR |
|
969,548 | 0 | 969,548 | ||||||||||||||||||
S&P 500 Index |
21.85 | T | 3/15/2024 | Morgan Stanley Capital Services LLC |
(3,433 | ) |
|
USD |
|
1,045,229 | 0 | 1,045,229 | ||||||||||||||||||
S&P 500 Index |
22.60 | T | 12/20/2024 | JPMorgan Chase Bank N.A. |
(3,850 | ) |
|
USD |
|
534,256 | 0 | 534,256 | ||||||||||||||||||
S&P 500 Index |
20.75 | T | 3/15/2024 | JPMorgan Chase Bank N.A. |
(2,096 | ) |
|
USD |
|
530,824 | 0 | 530,824 | ||||||||||||||||||
S&P 500 Index |
20.90 | T | 3/15/2024 | JPMorgan Chase Bank N.A. |
(2,081 | ) |
|
USD |
|
539,449 | 0 | 539,449 | ||||||||||||||||||
S&P 500 Index |
21.70 | T | 3/15/2024 | JPMorgan Chase Bank N.A. |
(1,002 | ) |
|
USD |
|
292,173 | 0 | 292,173 | ||||||||||||||||||
Correlation Swap |
0.00 | T | 3/7/2024 | Morgan Stanley Capital Services LLC |
(128,250 | ) | USD | (426,019 | ) | 0 | (426,019 | ) | ||||||||||||||||||
S&P 500 Index |
20.50 | T | 6/21/2024 | JPMorgan Chase Bank N.A. |
(1,061 | ) |
|
USD |
|
175,250 | 0 | 175,250 | ||||||||||||||||||
S&P 500 Index |
21.05 | T | 6/21/2024 | JPMorgan Chase Bank N.A. |
(2,067 | ) |
|
USD |
|
385,823 | 0 | 385,823 | ||||||||||||||||||
S&P 500 Index |
21.60 | T | 6/21/2024 | Citibank N.A. | (2,084 | ) |
|
USD |
|
427,819 | 0 | 427,819 | ||||||||||||||||||
S&P 500 Index |
22.45 | T | 6/21/2024 | JPMorgan Chase Bank N.A. |
(1,938 | ) |
|
USD |
|
474,223 | 0 | 474,223 | ||||||||||||||||||
S&P 500 Index |
22.60 | T | 6/21/2024 | Citibank N.A. | (2,765 | ) |
|
USD |
|
672,645 | 0 | 672,645 | ||||||||||||||||||
S&P 500 Index |
23.90 | T | 6/21/2024 | JPMorgan Chase Bank N.A. |
(1,820 | ) |
|
USD |
|
548,837 | 0 | 548,837 | ||||||||||||||||||
S&P 500 Index |
19.70 | T | 9/20/2024 | Bank of America N.A. | (3,272 | ) |
|
USD |
|
136,198 | 0 | 136,198 | ||||||||||||||||||
S&P 500 Index |
19.60 | T | 9/20/2024 | Goldman Sachs & Co., LLC |
(3,329 | ) |
|
USD |
|
113,474 | 0 | 113,474 | ||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
Total Variance/Volatility Swaps (Sell Contracts) |
|
$ | 7,974,332 | $ | 0 | $ | 7,974,332 | |||||||||||||||||||||||
|
|
See Notes to Consolidated Schedule of Investments.
120
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
OTC Total Return Swaps Outstanding at December 31, 2023
Reference Instrument |
Termination Date |
Payment Frequency |
Financing Rate |
Counterparty |
Notional Amount |
Unrealized Appreciation (Depreciation) |
||||||||||||||
Buys |
||||||||||||||||||||
Adevinta ASA |
01/22/24 | M | 5.50% |
JPMorgan Chase Bank, N.A. | 55,076,233 NOK | $ | 18,320 | |||||||||||||
Admiral Acquisition Ltd. |
01/22/24 | M | 3.50% |
Morgan Stanley Capital Services LLC | 1,146,800 USD | (12,602 | ) | |||||||||||||
Admiral Acquisition Ltd. |
01/22/24 | M | 3.50% |
Morgan Stanley Capital Services LLC | 30,795 USD | 0 | ||||||||||||||
Albertsons Cos., Inc. |
01/22/24 | M | 2.50% |
Goldman Sachs International | 5,533,139 USD | 50,985 | ||||||||||||||
Albertsons Cos., Inc. |
01/22/24 | M | 2.50% |
Goldman Sachs International | 5,212,825 USD | 48,034 | ||||||||||||||
Amedisys, Inc. |
01/22/24 | M | 2.50% |
Goldman Sachs International | 4,736,013 USD | (23,794 | ) | |||||||||||||
Amedisys, Inc. |
01/22/24 | M | 2.50% |
Goldman Sachs International | 3,764,849 USD | (18,915 | ) | |||||||||||||
American Equity Investment Life Holding Co. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 2,904,371 USD | 2,083 | ||||||||||||||
Capri Holdings Ltd. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 6,073,835 USD | 37,711 | ||||||||||||||
CB Equity Index Swap - CIEQSSU2 |
01/22/24 | M | 1.00% |
Citibank N.A. | 8,783,577 USD | (52,153 | ) | |||||||||||||
Cerevel Therapeutics Holdings, Inc. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 5,258,393 USD | 128,315 | ||||||||||||||
Chengdu Zhimingda Electronics Co. Ltd. |
01/22/24 | M | 1.00% |
Morgan Stanley Capital Services LLC | 0 USD | 0 | ||||||||||||||
China Government Bond |
01/22/24 | M | 1.00% |
Morgan Stanley Capital Services LLC | 14,600,984 CNY | 18,274 | ||||||||||||||
Chinook Therapeutics, Inc. (a) |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 0 USD | 82,584 | ||||||||||||||
Chr Hansen Holding AS |
01/22/24 | M | 4.00% |
Goldman Sachs International | 4,138,779 DKK | 26,576 | ||||||||||||||
Chr Hansen Holding AS |
01/22/24 | M | 4.00% |
Goldman Sachs International | 5,665,520 DKK | 36,380 | ||||||||||||||
Dechra Pharmaceuticals PLC |
01/22/24 | M | 5.50% |
JPMorgan Chase Bank, N.A. | 5,806,223 GBP | 30,821 | ||||||||||||||
EngageSmart, Inc. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 3,571,065 USD | 3,122 | ||||||||||||||
Equity Index Swap - BAEISMIL |
01/22/24 | M | 1.00% |
Bank of America N.A. | 8,712,852 USD | 23,131 | ||||||||||||||
GCI Liberty, Inc. (a) |
01/22/24 | M | 2.50% |
Goldman Sachs International | 53,762 USD | (46,340 | ) | |||||||||||||
GS Equity Index Swap - GSCBBXC3 |
01/22/24 | M | 1.00% |
Goldman Sachs International | 44,207,420 USD | 146,732 | ||||||||||||||
GS Equity Index Swap - GSVICVS1 |
01/22/24 | M | 1.00% |
Goldman Sachs International | 8,328,811 USD | (4,821 | ) | |||||||||||||
ImmunoGen, Inc. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 5,907,538 USD | (9,945 | ) | |||||||||||||
iRobot Corp. |
01/22/24 | M | 5.00% |
76,446 USD | 258 | |||||||||||||||
J M Smucker Co. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 13,108 USD | 288 | ||||||||||||||
J.P. Morgan Equity Index Swap - JPOSSVV1 |
01/22/24 | M | 0.00% |
JPMorgan Chase Bank, N.A. | 6,709,164 USD | 6,121 | ||||||||||||||
Karuna Therapeutics, Inc. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 7,988,306 USD | (6,557 | ) | |||||||||||||
Lakeland BanCorp, Inc. |
01/22/24 | M | 2.50% |
Goldman Sachs International | 494,293 USD | (5,617 | ) | |||||||||||||
Lakeland BanCorp, Inc. |
01/22/24 | M | 2.50% |
Goldman Sachs International | 676,566 USD | (7,688 | ) | |||||||||||||
MBC Group |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 0 USD | 54,014 | ||||||||||||||
Mirati Therapeutics, Inc. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 5,589,358 USD | (21,796 | ) | |||||||||||||
MS Alpha Swap |
01/22/24 | M | 1.00% |
Morgan Stanley Capital Services LLC | 220,239,620 USD | 108,718 | ||||||||||||||
MS Alpha Swap |
01/22/24 | M | 1.00% |
Morgan Stanley Capital Services LLC | 148,086,996 USD | 949,920 | ||||||||||||||
Olink Holding AB |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 6,516,382 USD | (200,890 | ) | |||||||||||||
Origin Energy Ltd. |
01/22/24 | M | 5.00% |
Goldman Sachs International | 2,810,496 AUD | 23,466 | ||||||||||||||
Origin Energy Ltd. |
01/22/24 | M | 5.00% |
Goldman Sachs International | 3,847,235 AUD | 32,122 | ||||||||||||||
Permian Resources Corp. |
01/22/24 | M | 4.00% |
JPMorgan Chase Bank, N.A. | 6,843 USD | 66 | ||||||||||||||
PGT Innovations, Inc. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 552,465 USD | (2,567 | ) | |||||||||||||
Pioneer Natural Resources Co. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 10,148,965 USD | (171,264 | ) | |||||||||||||
PNM Resources, Inc. |
01/22/24 | M | 2.50% |
Goldman Sachs International | 3,922,354 USD | (98,358 | ) |
See Notes to Consolidated Schedule of Investments.
121
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Reference Instrument |
Termination Date |
Payment Frequency |
Financing Rate |
Counterparty |
Notional Amount |
Unrealized Appreciation (Depreciation) |
||||||||||||||
PNM Resources, Inc. |
01/22/24 | M | 2.50% |
Goldman Sachs International | 6,289,259 USD | $ | (157,711 | ) | ||||||||||||
RB Global, Inc. |
01/22/24 | M | 1.00% |
JPMorgan Chase Bank, N.A. | 0 USD | 41 | ||||||||||||||
Repsol SA |
01/22/24 | M | 5.00% |
Morgan Stanley Capital Services LLC | 209,421 EUR | (2,886 | ) | |||||||||||||
Rover Group, Inc. |
01/22/24 | M | 2.50% |
Goldman Sachs International | 340,512 USD | (2,177 | ) | |||||||||||||
Sovos Brands, Inc. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 8,214 USD | (19 | ) | |||||||||||||
SP Plus Corp. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 6,166,981 USD | (12,010 | ) | |||||||||||||
SPDR S&P Biotech ETF |
01/22/24 | M | 4.50% |
Morgan Stanley Capital Services LLC | 50,081,458 USD | 2,732,684 | ||||||||||||||
Splunk, Inc. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 10,358,680 USD | 37,531 | ||||||||||||||
Taiwan Semiconductor Manufacturing Co., Ltd. |
01/22/24 | M | 4.50% |
Morgan Stanley Capital Services LLC | 332,033 USD | 15,762 | ||||||||||||||
Textainer Group Holdings Ltd. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 4,922 USD | (2 | ) | |||||||||||||
U.S. Steel Corp. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 4,726,567 USD | 48,090 | ||||||||||||||
U.S. Treasury Bonds |
01/22/24 | M | 1.00% |
Barclays Bank PLC | 25,737,423 USD | 937,552 | ||||||||||||||
U.S. Treasury Bonds |
01/22/24 | M | 1.00% |
Barclays Bank PLC | 35,087,918 USD | 1,085,092 | ||||||||||||||
U.S. Treasury Notes |
01/22/24 | M | 1.00% |
Barclays Bank PLC | 31,583,757 USD | 711,235 | ||||||||||||||
U.S. Treasury Notes |
01/22/24 | M | 1.00% |
Barclays Bank PLC | 33,533,693 USD | 365,586 | ||||||||||||||
U.S. Treasury Notes |
01/22/24 | M | 1.00% |
Barclays Bank PLC | 5,773,481 USD | 47,439 | ||||||||||||||
U.S. Treasury Notes |
01/22/24 | M | 1.00% |
Barclays Bank PLC | 39,228,941 USD | 702,770 | ||||||||||||||
U.S. Treasury Notes |
01/22/24 | M | 1.00% |
Barclays Bank PLC | 44,865,809 USD | 661,848 | ||||||||||||||
Westrock Co. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 11,379,403 USD | (105,893 | ) | |||||||||||||
Wyndham Hotels & Resorts, Inc. |
01/22/24 | M | 5.00% |
JPMorgan Chase Bank, N.A. | 4,878,537 USD | 44,164 | ||||||||||||||
|
|
|||||||||||||||||||
Total Buys |
$ | 8,253,830 | ||||||||||||||||||
|
|
|||||||||||||||||||
Sells |
||||||||||||||||||||
Alphatec Holdings, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (910,351) USD | 3,298 | ||||||||||||||
ARM Holdings PLC |
01/22/24 | M | 2.18% |
Morgan Stanley Capital Services LLC | (6,655,774) USD | (110,658 | ) | |||||||||||||
Beacon Roofing Supply, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (1,964,763) USD | 7,423 | ||||||||||||||
Birkenstock Holding PLC |
01/22/24 | M | 7.53% |
Morgan Stanley Capital Services LLC | (1,480,328) USD | 17,698 | ||||||||||||||
Brookfield Asset Management Ltd. |
01/22/24 | M | 3.00% |
JPMorgan Chase Bank, N.A. | (228,738) USD | (4,529 | ) | |||||||||||||
Cava Group, Inc. |
01/22/24 | M | 2.18% |
Morgan Stanley Capital Services LLC | (660,575) USD | 15,746 | ||||||||||||||
Chesapeake Utilities Corp. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (1,592,393) USD | 7,415 | ||||||||||||||
Choice Hotels International, Inc. |
01/22/24 | M | 3.27% |
JPMorgan Chase Bank, N.A. | (2,053,810) USD | (7,117 | ) | |||||||||||||
Clearwater Analytics Holdings, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (2,624,566) USD | (34,516 | ) | |||||||||||||
Core & Main, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (2,011,063) USD | (20,106 | ) | |||||||||||||
Corebridge Financial, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (2,602,193) USD | 3,599 | ||||||||||||||
Corp Inmobiliaria Vesta |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (471,085) USD | (4,078 | ) | |||||||||||||
Dutch Bros, Inc. |
01/22/24 | M | 7.80% |
Morgan Stanley Capital Services LLC | (357,150) USD | (22,922 | ) | |||||||||||||
Exxon Mobil Corp. |
01/22/24 | M | 3.00% |
JPMorgan Chase Bank, N.A. | (10,097,008) USD | 173,693 | ||||||||||||||
Fluence Energy, Inc. |
01/22/24 | M | 5.80% |
Morgan Stanley Capital Services LLC | (1,050,181) USD | 44,689 | ||||||||||||||
iShares iBoxx $ High Yield Corporate Bond ETF |
01/22/24 | M | 1.00% |
Barclays Bank PLC | (29,160,621) USD | 63,916 | ||||||||||||||
iShares iBoxx $ Investment Grade Corporate Bond ETF |
01/22/24 | M | 1.00% |
Barclays Bank PLC | (169,504,701) USD | (568,653 | ) | |||||||||||||
Kenvue, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (965,585) USD | (3,609 | ) | |||||||||||||
Klaviyo, Inc. |
01/22/24 | M | 3.38% |
Morgan Stanley Capital Services LLC | (843,940) USD | 10,124 | ||||||||||||||
Kodiak Gas Services, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (790,831) USD | (14,437 | ) | |||||||||||||
Las Vegas Sands Corp. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (2,939,045) USD | (15,031 | ) | |||||||||||||
Leonardo DRS, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (831,379) USD | (10,722 | ) |
See Notes to Consolidated Schedule of Investments.
122
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
Reference Instrument |
Termination Date |
Payment Frequency |
Financing Rate |
Counterparty |
Notional Amount |
Unrealized Appreciation (Depreciation) |
||||||||||||
Masonite International Corp. |
01/22/24 | M | 3.00% |
JPMorgan Chase Bank, N.A. | (89,979) USD | $ | (438 | ) | ||||||||||
NEXTracker, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (1,150,861) USD | 26,039 | ||||||||||||
Novozymes AS |
01/22/24 | M | 5.00% |
Goldman Sachs International | (4,071,321) DKK | (32,178 | ) | |||||||||||
Novozymes AS |
01/22/24 | M | 5.00% |
Goldman Sachs International | (5,683,374) DKK | (44,920 | ) | |||||||||||
Nutanix, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (1,423,343) USD | (7,738 | ) | |||||||||||
Permian Resources Corp. |
01/22/24 | M | 4.00% |
JPMorgan Chase Bank, N.A. | (7,541,566) USD | (7,155 | ) | |||||||||||
PG&E Corp. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (3,141,997) USD | (102,574 | ) | |||||||||||
Procore Technologies, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (2,093,116) USD | 15,962 | ||||||||||||
Provident Financial Services, Inc. |
01/22/24 | M | 4.00% |
Goldman Sachs International | (492,151) USD | 4,061 | ||||||||||||
Provident Financial Services, Inc. |
01/22/24 | M | 4.00% |
Goldman Sachs International | (673,424) USD | 5,556 | ||||||||||||
SharkNinja, Inc. |
01/22/24 | M | 7.80% |
Morgan Stanley Capital Services LLC | (1,020,959) USD | (13,341 | ) | |||||||||||
SilverBow Resources, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (858,257) USD | (13,794 | ) | |||||||||||
Skyward Specialty Insurance Group, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (1,018,926) USD | 2,018 | ||||||||||||
Smurfit Kappa Group PLC |
01/22/24 | M | 3.50% |
JPMorgan Chase Bank, N.A. | (10,608,670) GBP | 259,961 | ||||||||||||
Snowflake, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (2,991,248) USD | 5,453 | ||||||||||||
SPDR S&P 500 ETF Trust |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (4,296,843) USD | (23,725 | ) | |||||||||||
Spirit AeroSystems Holdings, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (2,874,892) USD | 13,707 | ||||||||||||
Super Micro Computer, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (4,834,941) USD | 316,628 | ||||||||||||
Vivid Seats, Inc. |
01/22/24 | M | 4.00% |
Morgan Stanley Capital Services LLC | (284,698) USD | 450 | ||||||||||||
|
|
|||||||||||||||||
Total Sells |
$ | (64,805 | ) | |||||||||||||||
|
|
|||||||||||||||||
Total OTC Total Return Swaps Outstanding |
$ | 8,189,025 | ||||||||||||||||
|
|
Centrally Cleared Interest Rate Swaps Outstanding at December 31, 2023
The Fund Pays/Receives Floating Rate |
Floating Rate Index |
Fixed Rate |
Pay/ Receive Payment Frequency |
Maturity Date |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||
Pays |
USD SOFR | 3.12% | M/M | 06/16/2037 | Morgan Stanley & Co. LLC | 2,300,000 USD | $ | 125,813 | $ | | $ | 125,813 | ||||||||||||||||
Pays |
USD SOFR | 3.32% | M/M | 09/22/2037 | Bank of New York Mellon, LLC |
2,800,000 USD | 66,327 | | 66,327 | |||||||||||||||||||
Pays |
USD SOFR | 2.22% | M/M | 03/25/2037 | Bank of New York Mellon, LLC |
800,000 USD | 121,759 | | 121,759 | |||||||||||||||||||
Pays |
USD SOFR | 4.21% | M/M | 04/18/2026 | Citi Bank N.A. | 500,000 USD | 1,333 | | 1,333 |
See Notes to Consolidated Schedule of Investments.
123
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
The Fund Pays/Receives Floating Rate |
Floating Rate Index |
Fixed Rate |
Pay/ Receive Payment Frequency |
Maturity Date |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||
Receives |
CNY-CNREPOFIX | 2.56% | M/M | 12/21/2027 | Merrill Lynch, Pierce, Fenner & Smith, Inc. |
(3,316,108) CNY | $ | 49,551 | $ | | $ | 49,551 | ||||||||||||||||
Pays |
USD SOFR | 3.19% | M/M | 12/01/2037 | Bank of New York Mellon, LLC |
3,000,000 USD | 124,773 | | 124,773 | |||||||||||||||||||
Receives |
CNY-CNREPOFIX | 2.90% | M/M | 03/13/2028 | Morgan Stanley & Co. LLC |
(1,217,652) CNY | 33,755 | | 33,755 | |||||||||||||||||||
Receives |
CNY-CNREPOFIX | 2.91% | M/M | 03/15/2028 | Morgan Stanley & Co. LLC |
(961,368) CNY | 26,516 | | 26,516 | |||||||||||||||||||
Receives |
CNY-CNREPOFIX | 2.88% | M/M | 03/15/2028 | Morgan Stanley & Co. LLC |
(4,567,387) CNY | 121,622 | | 121,622 | |||||||||||||||||||
Receives |
CNY-CNREPOFIX | 2.88% | M/M | 03/15/2028 | Nomura International PLC |
(2,799,366) CNY | 74,272 | | 74,272 | |||||||||||||||||||
Pays |
GBP SONIA | 3.46% | M/M | 02/08/2030 | Citi Bank N.A. | 1,206,750 GBP | 5,382 | | 5,382 | |||||||||||||||||||
Pays |
EUR-EURIBOR | 2.94% | M/M | 02/14/2029 | Citi Bank N.A. | 1,068,050 EUR | (37,757 | ) | | (37,757 | ) | |||||||||||||||||
Pays |
USD SOFR | 3.87% | M/M | 02/23/2029 | RBC Bank | 4,000,000 USD | (15,011 | ) | | (15,011 | ) | |||||||||||||||||
Pays |
EUR-EURIBOR | 2.96% | M/M | 09/29/2028 | Merrill Lynch, Pierce, Fenner & Smith, Inc. |
762,233 EUR | (14,815 | ) | | (14,815 | ) | |||||||||||||||||
Receives |
USD SOFR | 3.48% | M/M | 04/20/2028 | Barclays Bank PLC | (759,000) USD | (13,453 | ) | | (13,453 | ) | |||||||||||||||||
Pays |
JPY TONA | 0.19% | M/M | 04/20/2026 | BNP Paribas | 3,281,745 JPY | (1,620 | ) | | (1,620 | ) | |||||||||||||||||
Pays |
JPY TONA | 0.34% | M/M | 04/20/2028 | BNP Paribas | 6,041,395 JPY | 2,255 | | 2,255 | |||||||||||||||||||
Pays |
USD SOFR | 1.66% | M/M | 06/17/2025 | Morgan Stanley & Co. LLC |
10,000,000 USD | 437,094 | (2,766 | ) | 439,860 | ||||||||||||||||||
Pays |
USD SOFR | 2.72% | M/M | 09/08/2028 | Morgan Stanley & Co. LLC |
1,000,000 USD | 43,147 | (191 | ) | 43,338 | ||||||||||||||||||
Pays |
USD SOFR | 2.39% | M/M | 11/16/2028 | Morgan Stanley & Co. LLC |
4,000,000 USD | 270,767 | (930 | ) | 271,697 | ||||||||||||||||||
Pays |
USD SOFR | 1.81% | M/M | 02/01/2024 | Morgan Stanley & Co. LLC |
2,500,000 USD | 13,193 | (107 | ) | 13,300 | ||||||||||||||||||
Pays |
USD SOFR | 2.67% | M/M | 09/13/2028 | Morgan Stanley & Co. LLC |
2,500,000 USD | 112,032 | (306 | ) | 112,338 |
See Notes to Consolidated Schedule of Investments.
124
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
The Fund Pays/Receives Floating Rate |
Floating Rate Index |
Fixed Rate |
Pay/ Receive Payment Frequency |
Maturity Date |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||
Pays |
USD SOFR | 2.43% | M/M | 10/11/2026 | Morgan Stanley & Co. LLC |
3,000,000 USD | $ | 151,822 | $ | (796 | ) | $ | 152,618 | |||||||||||||||
Pays |
USD SOFR | 1.58% | M/M | 05/21/2025 | Morgan Stanley & Co. LLC |
10,000,000 USD | 464,194 | (2,624 | ) | 466,818 | ||||||||||||||||||
Pays |
USD SOFR | 1.88% | M/M | 01/24/2027 | Morgan Stanley & Co. LLC |
1,500,000 USD | 96,044 | (243 | ) | 96,287 | ||||||||||||||||||
Pays |
USD SOFR | 2.22% | M/M | 09/29/2024 | Morgan Stanley & Co. LLC |
2,000,000 USD | 62,247 | (221 | ) | 62,468 | ||||||||||||||||||
Pays |
USD SOFR | 1.32% | M/M | 02/28/2027 | Morgan Stanley & Co. LLC |
5,000,000 USD | 399,512 | (1,378 | ) | 400,890 | ||||||||||||||||||
Pays |
USD SOFR | 1.46% | M/M | 02/14/2024 | Morgan Stanley & Co. LLC |
10,000,000 USD | 69,685 | (611 | ) | 70,296 | ||||||||||||||||||
Pays |
USD SOFR | 2.42% | M/M | 09/22/2024 | Morgan Stanley & Co. LLC |
2,000,000 USD | 30,422 | (262 | ) | 30,684 | ||||||||||||||||||
Pays |
USD SOFR | 1.61% | M/M | 03/23/2027 | Morgan Stanley & Co. LLC |
7,000,000 USD | 475,714 | (2,068 | ) | 477,782 | ||||||||||||||||||
Pays |
USD SOFR | 2.05% | M/M | 11/30/2024 | Morgan Stanley & Co. LLC |
5,000,000 USD | 151,325 | (1,033 | ) | 152,358 | ||||||||||||||||||
Pays |
USD SOFR | 1.62% | M/M | 03/24/2027 | Morgan Stanley & Co. LLC |
7,000,000 USD | 475,130 | (1,880 | ) | 477,010 | ||||||||||||||||||
Pays |
USD SOFR | 0.80% | M/M | 01/13/2026 | Morgan Stanley & Co. LLC |
80,000 USD | 6,171 | (21 | ) | 6,192 | ||||||||||||||||||
Pays |
USD SOFR | 0.95% | M/M | 01/13/2027 | Morgan Stanley & Co. LLC |
940,000 USD | 89,615 | (268 | ) | 89,883 | ||||||||||||||||||
Pays |
USD SOFR | 2.42% | M/M | 10/24/2024 | Morgan Stanley & Co. LLC |
2,000,000 USD | 56,215 | (394 | ) | 56,609 | ||||||||||||||||||
Pays |
USD SOFR | 2.35% | M/M | 11/08/2024 | Morgan Stanley & Co. LLC |
4,000,000 USD | 112,852 | (1,025 | ) | 113,877 | ||||||||||||||||||
Pays |
USD SOFR | 0.71% | M/M | 01/22/2026 | Morgan Stanley & Co. LLC |
20,000,000 USD | 1,569,448 | (5,364 | ) | 1,574,812 |
See Notes to Consolidated Schedule of Investments.
125
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
The Fund Rate |
Floating Rate Index |
Fixed Rate |
Pay/ Receive Payment Frequency |
Maturity Date |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||
Pays |
USD SOFR |
2.72% | M/M | 08/08/2028 | Morgan Stanley & Co. LLC |
3,000,000 USD | $ | 134,342 | $ | (632) | $ | 134,974 | ||||||||||||||||
Pays |
USD SOFR |
2.45% | M/M | 10/18/2024 | Morgan Stanley & Co. LLC |
4,000,000 USD | 112,293 | (751) | 113,044 | |||||||||||||||||||
Pays |
USD SOFR |
2.58% | M/M | 08/05/2025 | Morgan Stanley & Co. LLC |
7,000,000 USD | 202,641 | (1,844) | 204,485 | |||||||||||||||||||
Pays |
USD SOFR |
2.83% | M/M | 07/29/2029 | Morgan Stanley & Co. LLC |
3,000,000 USD | 138,502 | (725) | 139,227 | |||||||||||||||||||
Pays |
USD SOFR |
2.37% | M/M | 11/01/2024 | Morgan Stanley & Co. LLC |
2,000,000 USD | 56,707 | (394) | 57,101 | |||||||||||||||||||
Receives |
USD SOFR |
0.98% | M/M | 03/25/2030 | Morgan Stanley & Co. LLC |
(3,000,000) USD | (284,736) | | (284,736) | |||||||||||||||||||
Pays |
USD SOFR |
3.21% | M/M | 05/25/2033 | Morgan Stanley & Co. LLC |
2,000,000 USD | 49,733 | | 49,733 | |||||||||||||||||||
Pays |
USD SOFR |
2.30% | M/M | 01/26/2025 | Morgan Stanley & Co. LLC |
900,000 USD | 22,649 | | 22,649 | |||||||||||||||||||
Pays |
USD SOFR |
2.40% | M/M | 01/25/2027 | Morgan Stanley & Co. LLC |
2,900,000 USD | 113,419 | | 113,419 | |||||||||||||||||||
Pays |
USD SOFR |
1.56% | M/M | 09/26/2026 | Morgan Stanley & Co. LLC |
1,800,000 USD | 99,985 | | 99,985 | |||||||||||||||||||
Pays |
USD SOFR |
2.27% | M/M | 01/25/2026 | Morgan Stanley & Co. LLC |
2,000,000 USD | 71,565 | | 71,565 | |||||||||||||||||||
Pays |
USD SOFR |
1.24% | M/M | 04/19/2028 | Morgan Stanley & Co. LLC |
700,000 USD | 71,031 | | 71,031 | |||||||||||||||||||
Pays |
USD SOFR |
1.62% | M/M | 07/25/2026 | Morgan Stanley & Co. LLC |
1,900,000 USD | 110,004 | | 110,004 | |||||||||||||||||||
Pays |
USD SOFR |
1.90% | M/M | 08/27/2029 | Morgan Stanley & Co. LLC |
1,650,000 USD | 134,557 | | 134,557 | |||||||||||||||||||
Pays |
USD SOFR |
3.17% | M/M | 05/04/2032 | Merrill Lynch, Pierce,Fenner & Smith, Inc. |
6,500,000 USD | 241,525 | | 241,525 |
See Notes to Consolidated Schedule of Investments.
126
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
The Fund Rate |
Floating Rate Index |
Fixed Rate |
Pay/ Receive Payment Frequency |
Maturity Date |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||
Pays |
USD SOFR |
0.66% | M/M | 03/11/2035 | Morgan Stanley & Co. LLC |
1,500,000 USD | $ | 393,149 | $ | | $ | 393,149 | ||||||||||||||||
Pays |
EUR-EURIBOR |
3.16% | M/M | 05/12/2026 | Merrill Lynch, Pierce,Fenner & Smith, Inc. |
349,244 EUR | (8,761) | | (8,761) | |||||||||||||||||||
Pays |
EUR-EURIBOR |
2.97% | M/M | 05/12/2029 | Merrill Lynch, Pierce,Fenner & Smith, Inc. |
153,755 EUR | (6,026) | | (6,026) | |||||||||||||||||||
Receives |
USD SOFR |
3.25% | M/M | 05/17/2028 | BNP Paribas | (250,000) USD | (6,793) | | (6,793) | |||||||||||||||||||
Pays |
JPY TONA |
0.15% | M/M | 05/18/2026 | BNP Paribas | 7,349,969 JPY | 7,542 | | 7,542 | |||||||||||||||||||
Pays |
JPY TONA |
0.27% | M/M | 05/17/2028 | LCH Limited | 2,021,241 JPY | 8,612 | | 8,612 | |||||||||||||||||||
Receives |
CNY-CNREPOFIX |
2.59% | M/M | 06/21/2028 | Merrill Lynch, Pierce,Fenner & Smith, Inc. |
(10,716,812) CNY | 165,000 | | 165,000 | |||||||||||||||||||
Pays |
USD SOFR |
3.49% | M/M | 06/30/2038 | Bank of New York Mellon, LLC |
8,000,000 USD | 141,535 | | 141,535 | |||||||||||||||||||
Receives |
USD SOFR |
4.37% | M/M | 07/27/2026 | BNP Paribas | (1,280,000) USD | 8,962 | | 8,962 | |||||||||||||||||||
Receives |
USD SOFR |
3.93% | M/M | 07/27/2028 | BNP Paribas | (920,000) USD | 7,527 | | 7,527 | |||||||||||||||||||
Pays |
JPY TONA |
0.15% | M/M | 07/27/2026 | BNP Paribas | 1,220,767 JPY | 2,629 | | 2,629 | |||||||||||||||||||
Pays |
JPY TONA |
0.28% | M/M | 07/27/2028 | BNP Paribas | 3,406,792 JPY | 17,892 | | 17,892 | |||||||||||||||||||
Pays |
JPY TONA |
0.69% | M/M | 09/29/2027 | BNP Paribas | 12,539,059 JPY | (44,668) | | (44,668) | |||||||||||||||||||
Receives |
USD SOFR |
3.96% | M/M | 09/29/2027 | Morgan Stanley & Co. LLC |
(3,200,000) USD | 48,199 | (308) | 48,507 | |||||||||||||||||||
Pays |
JPY TONA |
0.71% | M/M | 09/29/2027 | BNP Paribas | 12,519,709 JPY | (49,042) | | (49,042) | |||||||||||||||||||
Receives |
USD SOFR |
5.07% | M/M | 09/29/2025 | Merrill Lynch, Pierce,Fenner & Smith, Inc. |
(4,620,000) USD | 59,165 | | 59,165 | |||||||||||||||||||
Pays |
USD SOFR |
4.62% | M/M | 04/20/2029 | RBC Bank | 6,300,000 USD | (320,782) | | (320,782) | |||||||||||||||||||
Pays |
USD SOFR |
4.22% | M/M | 11/07/2033 | Bank of New York Mellon, LLC |
1,500,000 USD | (80,509) | | (80,509) | |||||||||||||||||||
Receives |
USD SOFR |
4.30% | M/M | 11/08/2028 | JPMorgan Chase Bank, N.A. |
(320,000) USD | 9,962 | | 9,962 | |||||||||||||||||||
Receives |
USD SOFR |
4.49% | M/M | 11/09/2026 | LCH Limited | (150,000) USD | 2,512 | | 2,512 | |||||||||||||||||||
Receives |
USD SOFR |
3.92% | M/M | 11/10/2027 | JPMorgan Chase Bank, N.A. |
(2,700,000) USD | 38,533 | | 38,533 | |||||||||||||||||||
Receives |
USD SOFR |
3.85% | M/M | 12/12/2028 | Citi Bank N.A. | (900,000) USD | 11,469 | | 11,469 | |||||||||||||||||||
Receives |
USD SOFR |
3.43% | M/M | 12/13/2027 | Mizuho Financial Group, Inc |
(3,300,000) USD | 18,065 | | 18,065 | |||||||||||||||||||
Receives |
USD SOFR |
4.25% | M/M | 03/20/2026 | BNP Paribas | (39,500,000) USD | 307,562 | | 307,562 |
See Notes to Consolidated Schedule of Investments.
127
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
The
Fund |
Floating Rate Index |
Fixed Rate |
Pay/ Receive Payment Frequency |
Maturity Date |
Counterparty |
Notional Amount |
Market Value |
Upfront Premium Paid (Received) |
Unrealized Appreciation (Depreciation) |
|||||||||||||||||||||
Receives |
CNY-CNREPOFIX | 2.34% | M/M | 03/20/2029 | Merrill Lynch, Pierce,Fenner & Smith, Inc. |
(18,443,764) CNY | $ | 52,552 | $ | | $ | 52,552 | ||||||||||||||||||
Receives |
CZK PRIBOR | 3.66% | M/M | 03/17/2027 | Merrill Lynch, Pierce,Fenner & Smith, Inc. |
(3,103,111) CZK | 9,155 | | 9,155 | |||||||||||||||||||||
Pays |
PLN WIBOR | 4.24% | M/M | 03/17/2027 | Merrill Lynch, Pierce,Fenner & Smith, Inc. |
2,065,905 PLN | 12,150 | | 12,150 | |||||||||||||||||||||
Receives |
EUR-EURIBOR | 2.64% | M/M | 03/18/2026 | Deutsche Bank AG |
(35,951,850) EUR | 122,779 | | 122,779 | |||||||||||||||||||||
Receives |
EUR-EURIBOR | 2.64% | M/M | 03/18/2026 | Deutsche Bank AG |
(35,951,850) EUR | 122,426 | | 122,426 | |||||||||||||||||||||
Receives |
EUR-EURIBOR | 2.65% | M/M | 03/18/2026 | Deutsche Bank AG |
(35,951,850) EUR | 124,759 | | 124,759 | |||||||||||||||||||||
Receives |
EUR-EURIBOR | 2.65% | M/M | 03/18/2026 | Deutsche Bank AG |
(35,951,850) EUR | 124,335 | | 124,335 | |||||||||||||||||||||
Receives |
EUR-EURIBOR | 2.64% | M/M | 03/18/2026 | Deutsche Bank AG |
(32,683,500) EUR | 110,332 | | 110,332 | |||||||||||||||||||||
Receives |
CZK PRIBOR | 3.58% | M/M | 03/17/2027 | Merrill Lynch, Pierce,Fenner & Smith, Inc. |
(1,566,153) CZK | 3,514 | | 3,514 | |||||||||||||||||||||
Pays |
PLN WIBOR | 4.09% | M/M | 03/17/2027 | Barclays Bank PLC |
1,014,713 PLN | 10,143 | | 10,143 | |||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||
Total Centrally Cleared Interest Rate Swaps Outstanding |
|
$ | 8,455,427 | $ | (27,142) | $ | 8,482,569 | |||||||||||||||||||||||
|
|
^ | A balance indicated with a 0, reflects either a zero balance or an amount that rounds to less than 1. |
(a) | Security is valued using significant unobservable inputs. |
Abbreviation Legend: | ||||
3M | Quarterly | |||
ADR | American Depository Receipt | |||
ASX | Australian Securities Exchange | |||
CBOE | Chicago Board Options Exchange | |||
CBOT | Chicago Board of Trade | |||
CDE | Montreal Exchange | |||
CME | Chicago Mercantile Exchange | |||
CNREPOFIX | CFXS-Reuters to the floating-rate-index | |||
COMEX | Commodities Exchange Center | |||
ETF | Exchange-Traded Fund | |||
Eurex | Eurex Exchange | |||
EURIBOR | Euro Interbank Offered Rate | |||
FTSE | Financial Times and Stock Exchange | |||
FX | Foreign Exchange | |||
HKFE | Hong Kong Futures Exchange Ltd. | |||
ICE | Ice Futures Europe | |||
LIFFE | London International Financial Futures and Options Exchange | |||
LME | London Metal Exchange |
See Notes to Consolidated Schedule of Investments.
128
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Consolidated Schedule of Investments ^ (Continued)
December 31, 2023 (Unaudited)
M | Monthly | |||
MTN | Medium Term Note | |||
NYMEX | New York Mercantile Exchange | |||
OMX | Stockholm 30 Index | |||
OSE | Osaka Exchange | |||
OTC | Over the Counter | |||
PIK | Payment in Kind | |||
PRIBOR | Prague Interbank Offer Rate | |||
REIT | Real Estate Investment Trust | |||
S&P | S&P 500 Index | |||
SFE | ASX Trade24 | |||
SGX | Singapore Exchange | |||
SICAV | Société dinvestissement à Capital Variable | |||
SOFR | Secured Overnight Financing Rate | |||
SONIA | Sterling Overnight Index Average | |||
SPDR | Standard and Poors Depository Receipt | |||
TBA | To Be Announced | |||
TONA | Tokyo Overnight Average | |||
WIBOR | Poland Warsaw Interbank Offer Rate | |||
Currency Legend: | ||||
AUD | Australia Dollar | |||
BRL | Brazilian Real | |||
CHF | Swiss Franc | |||
CLP | Chilean Peso | |||
CNH | Chinese Renminbi | |||
COP | Colombian Peso | |||
CZK | Czech Koruna | |||
EUR | Euro Member Countries | |||
GBP | British Pound | |||
HKD | Hong Kong Dollar | |||
HUF | Hungarian Forint | |||
IDR | Indonesian Rupiah | |||
ILS | Israeli Shekel | |||
INR | Indian Rupee | |||
JPY | Japan Yen | |||
KRW | South Korean Won | |||
MXN | Mexico Peso | |||
PEN | Peruvian Nuevo Sol | |||
PHP | Philippine Peso | |||
PLN | Polish Zloty | |||
SEK | Swedish Krona | |||
SGD | Singapore Dollar | |||
THB | Thai Baht | |||
TWD | Taiwanese Dollar | |||
USD | United States Dollar | |||
XAU | Gold Spot | |||
ZAR | South African Rand |
See Notes to Consolidated Schedule of Investments.
129
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Notes to Consolidated Schedule of Investments
For the Period Ended December 31, 2023 (Unaudited)
1. Organization
Blackstone Alternative Investment Funds (the Trust) is a Massachusetts business trust authorized to issue an unlimited number of shares of beneficial interest, which may be divided into different series and classes. The Trust is registered as an open-end management investment company under the Investment Company Act of 1940, as amended (the 1940 Act). During the period ended December 31, 2023, the Trust consisted of a single series, Blackstone Alternative Multi-Strategy Fund (the Fund). The Fund commenced operations offering Class I Shares on June 16, 2014. The Fund also offers Class D Shares, Class Y Shares and Class R Shares. Class D Shares and Class Y Shares commenced operations on November 17, 2014 and January 28, 2015, respectively. As of December 31, 2023, the Fund had not issued any Class R Shares. The Fund operates as a diversified open-end investment company as defined in the 1940 Act.
The investment adviser of the Fund is Blackstone Alternative Investment Advisors LLC (BAIA or the Investment Adviser), a registered investment adviser under the Investment Advisers Act of 1940, as amended. The Board of Trustees (the Board and each member a Trustee) of the Trust supervises the conduct of the Funds affairs and has engaged BAIA to manage the Funds day-to-day investment activities pursuant to an investment management agreement. The Funds investment objective is to seek capital appreciation. In pursuing the Funds investment objective, the Investment Adviser seeks to maintain an investment portfolio with, on average, lower volatility relative to the broader equity markets. The Investment Adviser seeks to achieve the Funds objective by allocating the Funds assets among a variety of non-traditional, or alternative, investment strategies. The Investment Adviser determines the allocations of the Funds assets and allocates a majority of the Funds assets among the sub-advisers (the Sub-Advisers) with experience managing alternative investment strategies and among investment funds generally employing alternative investment strategies. The Investment Adviser also manages a portion of the Funds assets directly and, from time to time, may instruct Sub-Advisers with respect to particular investments. The Investment Adviser may allocate the Funds assets among discretionary and non-discretionary Sub-Advisers. Each discretionary Sub-Adviser is responsible for the day-to-day management of the portion of the Funds assets that the Investment Adviser allocates to it. Each non-discretionary Sub-Adviser implements its investment strategy in coordination with the Investment Adviser in the Investment Advisers discretion. The Investment Adviser has the responsibility to oversee each Sub-Adviser (subject to the ultimate oversight of the Board). The Investment Adviser also is responsible for recommending the hiring, termination, and replacement of Sub-Advisers.
The Funds assets may be invested in three wholly-owned and controlled subsidiaries of the Fund (collectively, the Subsidiaries), each of which has the same investment objective as the Fund. One of the Funds Subsidiaries, Blackstone Alternative Multi-Strategy Sub Fund II Ltd. (the Cayman Subsidiary), is a Cayman Islands exempted company. Both of the other Subsidiaries, Blackstone Alternative Multi-Strategy Sub Fund III L.L.C. (the Domestic Subsidiary III) and Blackstone Alternative Multi-Strategy Sub Fund IV L.L.C. (the Domestic Subsidiary IV), are Delaware limited liability companies. The Cayman Subsidiary invests, directly or indirectly through the use of derivatives, in securities and commodity interests. The Domestic Subsidiary III and the Domestic Subsidiary IV invest, directly or indirectly through the use of derivatives, almost entirely in securities (with only de minimis exposure to commodity interests). The Consolidated Schedule of Investments includes the Schedule of Investments of the Fund and the three Subsidiaries. Except where context otherwise requires, the term Fund refers to the Fund together with the applicable Subsidiaries.
The Fund and the Cayman Subsidiary are each a commodity pool under the Commodity Exchange Act (CEA) and are subject to regulation by the Commodity Futures Trading Commission (CFTC). BAIA, the commodity pool operator of the Fund and the Cayman Subsidiary, is registered as such with the CFTC, but has claimed relief under Rules 4.12(c)(3) and 4.7 under the CEA, respectively, from certain disclosure, reporting, and recordkeeping requirements otherwise applicable to commodity pools. Neither the Domestic Subsidiary III nor the Domestic Subsidiary IV intends to invest more than a de minimis level of its net assets in commodity interests (as defined under the CEA). Accordingly, BAIA is relying on CFTC No-Action Letter 12-38 with respect to the Domestic Subsidiary III and has claimed an exemption under Rule 4.13(a)(3) from registration as a commodity pool operator with respect to the Domestic Subsidiary IV.
Capitalized terms used, but not defined herein, shall have the meaning assigned to them in the Prospectus of the Fund.
2. Basis of Presentation
The Funds Consolidated Schedule of Investments is prepared in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP) and is stated in U.S. dollars, except as otherwise noted. The preparation of Consolidated Schedule of Investments in accordance with U.S. GAAP requires management to make certain estimates and assumptions that affect the reported amount of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of income and expenses during the period. Actual results could differ from these estimates and these differences could be material.
The Fund is an investment company in accordance with Accounting Standards Codification 946, Financial ServicesInvestment Companies (ASC 946), which defines investment companies and prescribes specialized accounting and reporting requirements for investment companies.
130
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Notes to Consolidated Schedule of Investments (Continued)
For the Period Ended December 31, 2023 (Unaudited)
Consolidation
The Fund consolidates its investment in the Subsidiaries. All material intercompany balances and transactions have been eliminated.
3. Significant Accounting Policies
Valuation Policy
The net asset values (NAV) of the Funds shares are calculated as of the close of regular trading on the New York Stock Exchange (NYSE) (generally 4:00 pm Eastern Time) on each day that the NYSE is open for business (a Business Day).
For purposes of calculating the NAV for each class of shares, the Fund values its investments in securities, securities sold short, derivative financial instruments and other investments at market value if market quotations are readily available, and otherwise at fair value as determined in good faith by the Board of the Fund, or its designee. The Board has delegated to the Custodian and the Investment Adviser day-to-day responsibility for implementing the Valuation Procedures. Effective August 4, 2022, and in accordance with Rule 2a-5 under the 1940 Act, the Board also designated the Investment Adviser as the valuation designee of the Fund. Each of the Board and the Investment Adviser has established procedures for determining the value of the Funds portfolio securities, including securities sold short, derivative financial instruments and other investments (together, the investments) (together, the Valuation Procedures). Pursuant to the Valuation Procedures, if market quotations are not readily available (or are otherwise not reliable for a particular investment), the fair value will be determined by the Investment Adviser as the valuation designee, in good faith, and such determinations will be subject to oversight by the Board. Due to the inherent uncertainty, estimates of fair value may differ from the values that would have been used had a ready market for these investments existed and the differences could be material.
A market quotation is readily available only when that quotation is a quoted price (unadjusted) in active markets for identical investments that the Fund can access at the measurement date, provided that a quotation will not be readily available if it is not reliable. Accordingly, a security will not be considered to have readily available market quotations if its value is not determined solely by reference to Level 1 inputs in the fair value hierarchy outlined in U.S. GAAP, including where events occur after the close of the relevant market, but prior to the close of the NYSE, that materially affect the value of the Funds investments. In addition, market quotes are considered not readily available when, due to extraordinary circumstances, the exchanges or markets on which securities trade do not open for trading for the entire day and no other market prices are available. The Board has delegated to the Investment Adviser the responsibility for monitoring significant events that may materially affect the values of the Funds investments and for determining whether the value of the applicable investments should be re-evaluated in light of such significant events.
Fair Value Measurements
Fair value guidance defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. U.S. GAAP defines fair value as the price that the Fund would receive to sell an asset or pay to transfer a liability (i.e., the exit price) in an orderly transaction between market participants at the measurement date.
The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for investments categorized in Level 3. The inputs or methodology used for valuing an investment are not necessarily an indication of the risk associated with investing in those securities.
Investments measured and reported at fair value are classified and disclosed in one of the following levels within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement:
| Level 1 quoted prices are available in active markets for identical investments as of the measurement date. The Fund does not adjust the quoted price for these investments. |
The types of investments categorized within Level 1 generally include actively traded domestic and certain foreign equity securities, short-term investments and derivative financial instruments actively traded on recognized exchanges.
| Level 2 quoted prices are available in markets that are not active or model inputs are based on inputs that are either directly or indirectly observable as of the measurement date. |
The types of investments categorized within Level 2 generally include certain foreign equities; fixed income securities including corporate and convertible bonds, loans, trade claims, sovereign debt obligations, U.S. Treasury obligations, and asset-backed and mortgage-backed securities; over-the-counter (OTC) derivative financial instruments such as total return swaps, interest rate swaps, credit default swaps, OTC options; and forward foreign currency exchange contracts (Forwards).
131
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Notes to Consolidated Schedule of Investments (Continued)
For the Period Ended December 31, 2023 (Unaudited)
| Level 3 pricing inputs are unobservable and include instances where there is little, if any, market activity for the investment. Inputs reflect the best estimate of what market participants would use in determining fair value of investments as of the measurement date. |
Changes in valuation techniques may result in transfers in or out of an investments assigned level within the fair value hierarchy.
Level 3 investments are valued by broker quotes, fair value models, or pricing services that may employ valuation techniques with unobservable inputs. At December 31, 2023, the total fair value of Level 3 investments was $77,662,664. The appropriateness of fair values for these securities are monitored on an ongoing basis, including through backtesting, pricing due diligence, unchanged price review, use of specialists, and consideration of macro security specific events.
The significant inputs and assumptions required to determine the change in fair value of the investments of the Fund are discussed in more detail below.
A description of the valuation techniques applied to the Funds major categories of investments measured at fair value on a recurring basis are as follows:
Exchange-Traded Securities
Equity securities, including common stock, listed preferred stock, exchange-traded funds, special purpose acquisition companies, and derivative financial instruments, such as futures contracts and option contracts, that are traded on a recognized securities exchange or on the NASDAQ Global Market System (NASDAQ) are valued at the last reported sales price (or the official closing price of certain foreign exchanges) or the NASDAQ official closing price, as applicable. For securities traded on more than one exchange, the last reported sales price on the exchange where the security is primarily traded is used. To the extent these securities and derivative financial instruments are actively traded and adjustments are not applied, they are categorized as Level 1 within the fair value hierarchy.
The Fund may use a third-party fair valuation service provider to value foreign equity securities that are primarily traded outside of North America and South America. The third-party fair valuation service provider calculates a factor (Fair Value Factor) that is applied to adjust the last price of each such security in the event that there is movement in excess of a specified trigger, as measured by the movement between the prior close and the current close of the U.S. market. Foreign equities for which the last price has been adjusted by such factor will generally be categorized as Level 2 within the fair value hierarchy. As of December 31, 2023, no Fair Value Factor was applied.
Short-Term Investments
The Fund considers short-term, highly liquid investments with original maturities of 90 days or less when acquired to be short-term investments. At December 31, 2023, the Fund did not have any investment in short-term investments.
Derivative Financial Instruments
OTC derivative financial instruments, such as Forwards, OTC options contracts, or swap agreements, derive their value from underlying referenced instruments or obligations, indices, reference rates, and other inputs or a combination thereof. These contracts are normally valued by pricing service providers or based on broker-dealer quotations. Depending on the nature of the instruments and the terms of the transaction, the value of OTC derivative financial instruments can be estimated by a pricing service provider using a series of techniques, including industry standard pricing models. The pricing models use inputs that are observed from actively quoted markets such as issuer details, indices, spreads, yield curves, dividends and exchange rates. Derivative financial instruments that use similar valuation techniques and inputs as described above are categorized as Level 2 within the fair value hierarchy.
Centrally cleared swaps listed or traded on a multilateral or trade facility platform, such as a registered exchange, are valued at the daily settlement price determined by the clearing exchange. For centrally cleared credit default swaps, the clearing facility requires its members to provide actionable levels across complete term structures. These levels along with external third-party prices are used to produce daily settlement prices. Centrally cleared interest rate swaps are valued using a pricing model that references the underlying rates to produce the daily settlement price. These securities are categorized as Level 2 within the fair value hierarchy.
Fixed Income Securities
Fixed income securities, including corporate and convertible bonds, U.S. government sponsored agency securities, municipal bonds, U.S. Treasury obligations, foreign debt obligations, and bank debt are normally valued by pricing service providers on the basis of last available bid price. In determining the value of a particular investment, pricing service providers may use broker-dealer quotations, reported trades, or valuation estimates from their internal pricing models to determine the reported price that consider observable inputs. The pricing service providers internal models use observable inputs such as issuer details, interest rates, yield curves, prepayment speeds, credit risks/spreads, default rates and quoted prices for similar assets. Securities that use similar valuation techniques and inputs as described above are categorized as Level 2 within the fair value hierarchy.
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Notes to Consolidated Schedule of Investments (Continued)
For the Period Ended December 31, 2023 (Unaudited)
Mortgage-related securities (MBS) and asset-backed securities (ABS) are usually issued as separate tranches, or classes, of securities within each deal. These securities are also generally valued by pricing service providers that use broker-dealer quotations or valuation estimates from their internal pricing models. The pricing models for these securities usually consider tranche-level attributes, current market data, estimated cash flows and market-based yield spreads for each tranche, and in corporate deal collateral performance, as available. MBS and ABS that use similar valuation techniques and inputs as described above are categorized as Level 2 within the fair value hierarchy.
Investments in Investee Funds
The fair value of investments in unaffiliated investment funds (collectively, the Investee Funds) is generally determined using the reported NAV per share of the Investee Fund, or its equivalent, as a practical expedient for fair value, unless the investment in the Investee Fund is traded on a recognized securities exchange and a quoted price is available as of the measurement date. If the Investee Fund is not traded on an exchange, the Fund may, as a practical expedient, estimate the fair value of an Investee Fund based on the reported NAV per share or its equivalent if the reported NAV per share or its equivalent of the Investee Fund is calculated in a manner consistent with the measurement principles applied to investment companies, in accordance with ASC 946. If the Investee Fund does not provide a reported NAV per share or its equivalent on a Business Day, the Investment Adviser shall estimate fair value in good faith and in a manner consistent with the Valuation Procedures.
Securities and Other Investments
Bank Debt
The Fund may invest in bank debt including, for example, corporate loans, trade claims, loan participations, direct debt, revolvers, bank loans, and bridge loans. The Fund invests in loans through novations, assignments, and participation interests. In a novation, the Fund typically assumes all of the rights of a lending institution, including the right to receive payments of principal and interest and other amounts directly from the borrower and to enforce its rights as a lender directly against the borrower. When the Fund takes an assignment of a loan, the Fund acquires some or all of the interest of another lender (or assignee) in the loan. In such cases, the Fund may be required generally to rely upon the assignor to demand payment and enforce rights under the loan. If the Fund acquires a participation in the loan, the Fund purchases an indirect interest in a loan held by a third-party and the Fund typically will have a contractual relationship only with the third-party loan investor, not with the borrower. As a result, the Fund may have the right to receive payments of principal, interest, and any fees to which it is entitled only from the loan investor selling the participation and only upon receipt by such loan investor of such payments from the borrower. In such cases, the Fund assumes the credit risk of both the borrower and the loan investor selling the participation, and the Fund may be unable to realize some or all of the value of its interest in the loan in the event of the insolvency of the third-party. Changes in the financial condition of the borrower or economic conditions or other circumstances may reduce the capacity of the borrower to make principal and interest payments on such instruments and may lead to defaults. Certain types of bank debt may have an associated partially funded or unfunded commitment. The unfunded commitments may or may not be funded by the Fund. At December 31, 2023, the Fund had an outstanding commitment of $782,441, related to held unfunded commitments.
Mortgage-Related and Other Asset-Backed Securities
The Fund may invest in MBS (residential and commercial) and other ABS. These securities include mortgage pass-through securities, collateralized mortgage obligations, commercial mortgage-backed securities, residential mortgage-backed securities, collateralized debt obligations, collateralized loan obligations, and other securities that directly or indirectly represent a participation in, or are secured by and payable from, mortgage loans on real property. MBS and other ABS represent interests in pools of mortgages, loans or other assets. MBS are created from pools of residential or commercial mortgage loans, including loans made by savings and loans institutions, mortgage bankers, commercial banks and others. These securities typically provide a monthly payment that consists of principal and/or interest payments. Interest payments may be determined by fixed or adjustable rates. MBS and ABS are subject to credit, interest rate, valuation liquidity, prepayment and extension risks.
Securities Sold Short
The Fund may sell securities short (a Short Sale). A Short Sale is a transaction whereby the Fund sells securities it does not own in anticipation of a decline in the market price of those securities, whereby the Funds broker will execute a borrow transaction to deliver the securities resulting from the Funds Short Sale. The Fund is obligated to repurchase the securities at the market price at the time of replacement. The Funds obligations to replace the securities in connection with a Short Sale are secured by collateral.
Upon entering into a Short Sale, the Fund establishes a liability which is recorded as securities sold short on the Consolidated Schedule of Investments to represent securities due under the Short Sale agreement. The Fund is liable to pay any dividends declared and/or interest income earned during the period the Short Sale is open. These dividends and interest are recorded as dividend and interest expense on securities sold short.
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Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Notes to Consolidated Schedule of Investments (Continued)
For the Period Ended December 31, 2023 (Unaudited)
Commodities
The Fund is permitted to invest in California Carbon Allowances (CCAs) or futures on CCAs, which are generally treated as commodity interests in this report. CCA and other allowances (collectively, Allowances) are valued according to their vintage based on market price or the number of Allowances delivered during the valuation month. ICE futures U.S., Inc. (ICE) will serve as the primary pricing source. When early vintage Allowances no longer have readily observable market prices from ICE, they will be valued using prices for later vintage Allowances. ICE lists widely-traded futures contracts for the Allowance market. These contracts result in the delivery of an Allowance at expiry. The ICE CCA contracts permits delivery of Allowances issued by California or any linked program (at this time Quebec and Ontario). Trading in these futures contracts are subject to ICEs market rules. ICE lists separate CCAs by vintage, (e.g. 2020 Vintage, 2022 Vintage and 2023 Vintage). The most traded ICE CCA contracts allow delivery of the indicated vintage or an earlier vintage; hence a 2022 Vintage Allowance can be delivered against the 2023 Vintage Contract. This flexibility means futures contracts on earlier vintages are usually more liquid than, and worth at least as much as, later vintages.
Repurchase Agreements
The Fund may invest in repurchase agreements, which are short term investments whereby the Fund acquires ownership of a debt security and the seller agrees to repurchase the security at a future date at a specified price. When entering into repurchase agreements, it is the Funds policy that the repurchase agreement be fully collateralized and that its custodian take possession of the underlying collateral securities. The repurchase counterparty has the ability to request additional collateral depending on the market value of the collateral security compared to the principal amount of the repurchase transaction in line with the agreement. To the extent that any repurchase transaction exceeds one Business Day, the value of the collateral is marked-to-market to ensure the adequacy of the collateral. If the seller defaults and the market value of the collateral declines or if bankruptcy proceedings are commenced with respect to the seller of the security, realization of the collateral by the Fund may be delayed or limited. The information required to be disclosed by FASB Accounting Standards Update No. 2011-11 for the Funds investments in repurchase agreements as of December 31, 2023, including the fair value of the repurchase agreement and the amount of collateral, can be found in the Funds Consolidated Schedule of Investments.
Reverse Repurchase Agreements
The Fund may enter into reverse repurchase agreements. In a reverse repurchase agreement, the Fund sells a security in exchange for cash to a financial institution, the counterparty, with a simultaneous agreement to repurchase the same or substantially the same security at an agreed upon price and date, under the terms of a Master Repurchase Agreement (MRA). The Fund is entitled to receive principal and interest payments, if any, made on the security delivered to the counterparty during the term of the agreement. Cash received in exchange for securities delivered plus accrued interest payments to be made by the Fund to counterparties is reflected as a liability. Reverse repurchase agreements involve the risk that the market value of the securities purchased with the proceeds from the sale of securities received by the Fund may decline below the price of the securities the Fund is obligated to repurchase. Reverse repurchase agreements also involve credit risk with the counterparty to the extent that the value of securities subject to repurchase exceeds the Funds liability under the reverse repurchase agreement. Securities subject to repurchase under reverse repurchase agreements, if any, are designated as such in the Consolidated Schedule of Investments. Due to the short term nature of the reverse repurchase agreements, face value approximates fair value. As of December 31, 2023, the face value of open reverse repurchase agreements for the Fund was $12,542,675.
An MRA contains provisions for, among other things, initiation, income payments, events of default and maintenance of securities for repurchase agreements. An MRA also permits offsetting with collateral to create one single net payment in the event of default or similar events, including the bankruptcy or insolvency of a counterparty. The Fund may not use reverse repurchase agreements and related collateral governed by an MRA to offset derivatives contracts and related collateral governed by an ISDA or securities lending agreements (SLA) and related collateral governed by an SLA (See Securities Lending below).
Securities Lending
The Fund may lend securities, through its agent, to certain qualified financial institutions. The loans are collateralized by cash in an amount at least equal to the market value of the securities loaned. The market value of securities loaned is determined daily and any additional required collateral is allocated to the Fund on the next Business Day. The initial collateral received by the Fund should have a value of at least 102% of the current value of loaned securities for U.S. securities and at least 105% for all other securities. The Fund will bear the risk of loss with respect to the investment of the cash collateral, as well as the possible loss of right to the collateral should the borrower fail financially. The advantage of such loans is that the Fund continues to receive income on loaned securities while earning returns on the cash amounts which may be reinvested for the purchase of investments in securities. As of December 31, 2023, there were no securities on loan.
The SLA entered into by the Fund provides the right, in the event of default, for the non-defaulting party to liquidate the collateral and calculate a net exposure to the defaulting party or request additional collateral. Under the agreement, the Fund can reinvest cash collateral.
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Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Notes to Consolidated Schedule of Investments (Continued)
For the Period Ended December 31, 2023 (Unaudited)
When-Issued and Delayed-Delivery Transactions
The Fund may engage in when-issued or delayed-delivery transactions. The Fund records when-issued or delayed-delivery securities on the trade date and maintains security positions such that sufficient liquid assets will be available to make payment for the securities purchased. Securities purchased on a when-issued or delayed-delivery basis are marked-to-market daily and begin earning interest on the settlement date. Losses may occur on these transactions due to changes in market conditions or the failure of counterparties to perform under the contract.
The Fund may transact in To Be Announced Securities (TBAs). As with other delayed-delivery transactions, a seller agrees to issue TBAs at a future date. However, the seller does not specify the particular securities to be delivered. Instead, the Fund agrees to accept any security that meets specified terms such as issuer, interest rate and terms of underlying mortgages. The Fund records TBAs on the trade date utilizing information associated with the specified terms of the transaction as opposed to the specific mortgages. TBAs are marked-to-market daily and begin earning interest on the settlement date. Losses may occur due to the fact that the actual underlying mortgages received may be less favorable than those anticipated by the Fund.
Restricted Securities
The Fund may purchase securities which are considered restricted. Restricted securities are securities that cannot be offered for public sale without first being registered under the Securities Act of 1933, as amended, or are subject to contractual restrictions on public sales. Many such restricted securities may be resold in the secondary market in transactions exempt from registration. The Fund will not incur any registration costs upon such resales. The Fund cannot demand registration of restricted securities. The Funds restricted securities, like other securities, are priced in accordance with the Valuation Procedures. Restricted securities are identified in the Consolidated Schedule of Investments.
Interbank Offered Rates Transition
Certain jurisdictions are currently reforming or phasing out their benchmark interest rates, most notably the London Interbank Offered Rates (LIBOR) across multiple currencies. Most such reforms and phase outs, including all tenors of U.S. dollar LIBOR, became effective on or prior to June 30, 2023, though some rates may persist on a synthetic basis through September 2024. The Fund has taken steps to prepare for and mitigate the impact of changing base rates and continues to manage transition efforts and evaluate the impact of prospective changes on existing transactions and contractual arrangements.
4. Derivative Financial Instruments
In the normal course of business, the Fund enters into derivative financial instrument contracts for trading and/or economic hedging purposes to increase the returns of the Fund or to protect against exposure to certain risks such as credit risk, equity risk, interest rate risk, foreign currency exchange risk or other risk (e.g., inflation risk). These contracts may be transacted on a recognized exchange or OTC. The following disclosures contain information on how the Fund uses derivative financial instruments. The derivative financial instruments outstanding as of period end are disclosed in the Consolidated Schedule of Investments.
Forward Foreign Currency Exchange Contracts
The Fund may enter into Forwards to obtain investment exposure, seek to enhance return or hedge or protect its portfolio holdings against the risk of future movements in certain foreign currency exchange rates. Forwards are agreements between two parties to receive or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed upon future date. The market value of a Forward fluctuates with the changes in foreign currency exchange rates. These contracts are valued daily and the change in market value is recorded as an unrealized gain or loss on Forwards. When a contract is closed, the Fund recognizes a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.
The use of Forwards does not eliminate fluctuations in the underlying prices of the securities of the Fund, but it does establish a rate of exchange that can be achieved in the future. Although Forwards may limit the risk of loss due to a decline in the value of the currency holdings, they also limit any potential gain that might result should the value of the currency increase. In addition, the Fund could be exposed to losses if the counterparties to the contracts are unable to meet the terms of the contracts. The Funds maximum potential loss from such contracts is the aggregate face value in U.S. dollars at the time the contract was opened.
Futures Contracts
The Fund may enter into futures contracts to maintain investment exposure to a target asset class or to seek to enhance return. The Fund may be subject to fluctuations in equity prices, interest rates, commodity prices and foreign currency exchange rates in the normal course of pursuing its investment objective. Futures contracts are standardized agreements to buy or sell a security or deliver a final cash settlement price in connection with an index, interest rate, currency, or other asset. The Fund must deposit an amount (initial margin) equal to a certain percentage of the face value of the futures contract. The initial margin may be in the form of cash or securities which is returned when the Funds obligations under the contract have
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Notes to Consolidated Schedule of Investments (Continued)
For the Period Ended December 31, 2023 (Unaudited)
been satisfied. If cash is deposited as the initial margin, it is shown as segregated cash balance with broker for futures contracts. Futures contracts are marked-to-market daily and subsequent payments (variation margin) are made or received by the Fund depending on whether unrealized gains or losses are incurred. When the contract is closed or expires, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. The potential risk to the Fund is that the change in value of futures contracts may not correspond to the change in the value of the hedge investments. In addition, losses may arise from changes in the value of the underlying instrument, if interest or exchange rates move unexpectedly or if the counterparty is unable to perform. With futures, there is minimal counterparty credit risk to the Fund since futures are exchange traded and the exchanges clearinghouse, as counterparty to all exchange traded futures, guarantees the futures against default.
Options Contracts
The Fund may purchase and write call and put options. An option contract purchased by the Fund gives the Fund the right, but not the obligation, to buy (call) or sell (put) an underlying instrument at a fixed exercise price during a specified period. Call options written by the Fund give the holder the right to buy the underlying instrument from the Fund at a fixed exercise price; put options written by the Fund give the holder the right to sell the underlying instrument to the Fund at a fixed exercise price. The Fund may use options to hedge against changes in values of securities or currencies it owns or expects to own, to gain or to maintain exposure to interest rates, currencies or broad equity markets, to generate additional income or to enhance returns.
Options trading involve certain additional risks. Specific market movements of the option and the instruments underlying the option cannot be predicted. No assurance can be given that a liquid secondary market will exist for any particular option or at any particular time. The Fund might not be able to enter into a closing transaction for the option as a result of an illiquid market for the option. To realize any profit in the case of an option, therefore, the option holder would need to exercise the option and comply with margin requirements for the underlying instrument. A writer could not terminate the obligation until the option expired or the writer was assigned an exercise notice. The purchaser of an option is subject to the risk of losing the entire purchase price of the option. The writer of an option is subject to the risk of loss resulting from the difference between the premium received for the option and the price of the futures contract underlying the option that the writer must purchase or deliver upon exercise of the option. The writer of a naked option may have to purchase the underlying contract in the market for substantially more than the exercise price of the option in order to satisfy his delivery obligations. This could result in a large net loss.
Equity, foreign currency or index options that may be purchased or sold by the Fund may include options not traded on a securities exchange. The risk of nonperformance by the counterparty on such option may be greater and the ability of the Fund to enter into a closing transaction with respect to such option may be less than in the case of an exchange traded option.
The Fund may purchase or write interest rate swaption agreements, which are options to enter into a predefined swap agreement by some specific date in the future. The writer of the swaption becomes the counterparty to the swap if the buyer exercises. The interest rate swaption agreement will specify whether the buyer of the swaption will be a fixed-rate receiver or a fixed-rate payer upon exercise.
Purchases of put and call options are recorded as investments, the value of which are marked-to-market daily. When a purchased option expires without being exercised, the Fund will realize a loss equal to the premium paid. When the Fund enters into a closing sale transaction, the Fund will realize a gain or loss depending on whether the sales proceeds from the closing sale transaction are greater or less than the premium initially paid for the option. When the Fund exercises a put option, it will realize a gain or loss from the sale of the underlying instrument and the proceeds from such sale will be decreased by the premium originally paid for the put option. When the Fund exercises a call option, the cost of the security which the Fund purchases upon exercise will be increased by the premium originally paid for the call option. Realized gains and losses on purchased options are included in realized gains and losses on investments.
The premium received for a written option is recorded as an asset and an equivalent liability. The liability is marked-to-market daily in accordance with the options valuation policy. When a written option expires without being exercised or the Fund enters into a closing purchase transaction, the Fund realizes a gain (or loss if the cost of the closing purchase transaction exceeds the premium received when the option was sold) without regard to any unrealized gain or loss on the underlying instrument and the liability related to such option is eliminated. When a written call option is exercised, the Fund realizes a gain or loss, as adjusted for the premium received, from the sale of the underlying instrument. When a written put option is exercised, the premium received is offset against the amount paid for the purchase of the underlying instrument.
Swap Agreements
The Fund may enter into total return, interest rate, credit default, variance and volatility swap agreements (Swaps). Swaps are bilaterally negotiated agreements between the Fund and a counterparty in which the Fund and counterparty agree to make either periodic net payments on a specified notional amount or a net payment upon termination. Swaps are privately negotiated in the OTC market or may be executed in a multilateral or other trade facility platform, such as a registered exchange or swap execution facility (centrally cleared swaps). The Fund may enter into Swaps for the purposes of managing exposure to interest rate, credit or market risk, or for other purposes. In connection with these agreements, securities or cash
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Notes to Consolidated Schedule of Investments (Continued)
For the Period Ended December 31, 2023 (Unaudited)
(segregated cash or collateral) may be paid or received, as applicable, by the Fund as collateral or margin in accordance with the terms of the respective Swaps to provide assets of value and recourse in the event of default or bankruptcy/insolvency. Securities posted by the Fund as collateral for swaps are identified in the Consolidated Schedule of Investments.
Swap transactions involve, to varying degrees, elements of interest rate, credit and market risk. Such risks involve the possibility that there will be no liquid market for these agreements, that the counterparty to the agreements may default on its obligation to perform, or that there may be unfavorable changes in market conditions or interest rates. In addition, entering into Swaps involves documentation risk resulting from the possibility that the parties to a Swap may disagree as to the meaning of contractual terms in the agreement. The Funds maximum risk of loss from counterparty credit risk is the discounted value of the net cash flows to be received from the counterparty over the contracts remaining life, to the extent that amount is positive, or the fair value of the contract. The risk may be mitigated by having an MNA between the Fund and the counterparty and by the posting of collateral by the counterparty to cover the Funds exposure to the counterparty.
Interest Rate Swaps: The Fund may enter into OTC and/or centrally cleared interest rate swap contracts to hedge interest rate risk, to gain exposure on interest rates and to hedge prepayment risk. The Fund is subject to interest rate risk exposure in the normal course of pursuing their investment objectives. The Fund may hold fixed rate bonds, and the value of these bonds may decrease if interest rates rise. Interest rate swaps are agreements in which one party pays a stream of interest payments, either fixed or floating rate, for another partys stream of interest payments, either fixed or floating, on the same notional amount for a specified period of time. The Funds maximum risk of loss from counterparty credit risk, as opposed to investment and other types of risk, in respect of interest rate swaps is typically the discounted net value of the cash flows to be received from the counterparty over the contracts remaining life, to the extent that amount is positive.
Interest rate swaps can be purchased or sold with an upfront premium. An upfront payment received by the Fund is recorded as a liability and an upfront payment made by the Fund is recorded as an asset. Interest rate swaps are marked-to-market daily and any change is recorded as an unrealized gain or loss on swaps. Daily fluctuations in the value of centrally cleared interest rate swaps are recorded as a receivable or payable for variation margin. Payments, including upfront premiums, received or made are recorded as realized gains or losses at the closing of the contract.
Total Return Swaps: The Fund may enter into total return swaps to obtain exposure to a security, index, market or other basket of securities without owning such security or investing directly in that security, index, market or other basket of securities or to transfer the risk/return of one market (e.g., fixed income) to another market (e.g., equity) (equity risk and/or interest rate risk). Total return swaps are agreements in which one party agrees to make periodic payments to another party based on the change in market value of the underlying instrument, which may include a specified security, index, basket of securities or securities indices during the specific period, in return for periodic payments based on a fixed or floating rate or the total return from other underlying assets. To the extent the total return of the instrument underlying the transaction exceeds or falls short of the offsetting interest rate obligation, the Fund will receive a payment from or make a payment to the counterparty. Total return swaps can also be structured without an interest payment, so that one party pays the other party if the value of the underlying instrument increases and receives payment from the other party if the value of the underlying asset decreases.
The Fund may utilize total return swaps on baskets of securities (Basket Swaps) to a significant extent in order to obtain synthetic exposure to investment strategies. For a Basket Swap, the Fund or a Subsidiary makes payments to a counterparty (at either a fixed or variable rate) in exchange for receiving from the counterparty payments that reflect the return of a basket of securities, derivatives, and/or commodity interests identified by the Sub-Adviser (or the Investment Adviser). The Fund may also utilize structured notes (Basket Notes) in which the Fund or a Subsidiary purchases a note from an issuer in exchange for receiving from the issuer payments that reflect the return of an account through which the Sub-Adviser (or the Investment Adviser) manages a portfolio reflecting a basket of securities, derivatives, and/or commodity interests. The Sub-Adviser (or the Investment Adviser) will select and manage the securities, derivatives, and/or commodity interests underlying the Basket Swap or the Basket Note in a manner consistent with the Funds strategies. The Funds investment returns on Basket Swaps or Basket Notes generally will correspond to the Funds returns had the Sub-Adviser managed the notional equivalent of the Funds assets directly (although returns on Basket Swaps or Basket Notes will be reduced by financing charges and trading costs incurred by the Basket Swap counterparty or Basket Note issuer). The Fund may obtain a significant portion of its investment exposure through Basket Swaps and/or Basket Notes.
Credit Default Swaps: The Fund may enter into OTC and/or centrally cleared credit default swap contracts to hedge credit risk, to hedge market risk, or to gain exposure on single-name issuers and/or baskets of securities.
In a credit default swap contract, the protection buyer typically makes an upfront payment and a periodic stream of payments to a counterparty, the protection seller, in exchange for the right to receive a contingent payment upon the occurrence of a credit event on the reference obligation or all other equally ranked obligations of the reference entity. Credit events are contract specific but may include bankruptcy, failure to pay, restructurings and obligation acceleration. An upfront payment received by the Fund or made by the Fund is recorded as a liability or asset. Periodic payments received or paid by the Fund are recorded as realized gains or losses. Credit default swap contracts are marked-to-market daily and the change is recorded as an unrealized gain or loss on swaps. Upon the occurrence of a credit event, the difference between the par value and the market value of the reference obligation, net of any proportional amount of upfront payment, is recorded as a realized gain or loss on swaps.
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Notes to Consolidated Schedule of Investments (Continued)
For the Period Ended December 31, 2023 (Unaudited)
Variance Swaps: A variance swap is a negotiated contract used to hedge or speculate on the magnitude of a price movement of an underlying asset, which can include exchange rates, interest rates, commodity price or the price of an index, i.e. the variance is the difference between an expected result and the actual result.
Volatility Swaps: A volatility swap is a negotiated contract with a payoff based on the realized volatility of an underlying asset where the realized amount is the difference between the realized volatility and the volatility strike or predetermined fixed volatility level.
Interest rate swaps, total return swaps, credit default swaps, variance swaps, and volatility swaps outstanding at period end are listed at the end of the Funds Consolidated Schedule of Investments.
5. Fair Value Measurements
The following table presents information about the classification of the Funds investments measured at fair value within the fair value hierarchy as of December 31, 2023:
Assets: | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Investments in Securities: |
||||||||||||||||
Common Stock |
$ | 735,991,701 | $ | 3,924,536 | $ | 1,536,445 | $ | 741,452,682 | ||||||||
Preferred Stock |
| | 5,877,332 | 5,877,332 | ||||||||||||
Asset-Backed Securities |
| 215,468,020 | | 215,468,020 | ||||||||||||
Bank Debt |
| 82,192,000 | 68,579,266 | 150,771,266 | ||||||||||||
Corporate Bonds & Notes |
| 422,617,036 | 113,360 | 422,730,396 | ||||||||||||
Sovereign Debt |
| 181,181,953 | | 181,181,953 | ||||||||||||
Mortgage-Backed Securities |
| 772,858,507 | | 772,858,507 | ||||||||||||
U.S. Treasury Notes |
| 135,391,040 | | 135,391,040 | ||||||||||||
Exchange-Traded Funds |
13,503,020 | | | 13,503,020 | ||||||||||||
Undertakings For Collective Investment in Transferable Securities |
154,726,667 | | | 154,726,667 | ||||||||||||
Warrants |
2,330 | 14,454 | 1,529,967 | 1,546,751 | ||||||||||||
Rights |
| | 1,294 | 1,294 | ||||||||||||
Commodities |
| 239,043,147 | | 239,043,147 | ||||||||||||
Repurchase Agreements |
| 70,754,600 | | 70,754,600 | ||||||||||||
Purchased Options |
10,551,353 | 10,490,651 | | 21,042,004 | ||||||||||||
Subtotal |
914,775,071 | 2,133,935,944 | 77,637,664 | 3,126,348,679 | ||||||||||||
Investments Valued at NAV |
399,302,772 | |||||||||||||||
Total Investments in Securities |
$ | 914,775,071 | $ | 2,133,935,944 | $ | 77,637,664 | $ | 3,525,651,451 | ||||||||
Other Financial Instruments: |
||||||||||||||||
Futures Contracts |
104,102,036 | | | 104,102,036 | ||||||||||||
Forward Foreign Currency Exchange Contracts |
| 1,331,964 | | 1,331,964 | ||||||||||||
Centrally Cleared Credit Default Swaps |
| 31,904,925 | | 31,904,925 | ||||||||||||
OTC Credit Default Swaps |
| 139,668 | | 139,668 | ||||||||||||
OTC Total Return Swaps |
| 10,132,687 | 82,584 | 10,215,271 | ||||||||||||
Variance Swaps |
| 8,536,451 | | 8,536,451 | ||||||||||||
Centrally Cleared Interest Rate Swaps |
| 9,339,400 | | 9,339,400 | ||||||||||||
Total Investment in Securities and Other Financial Instruments |
$ | 1,018,877,107 | $ | 2,195,321,039 | $ | 77,720,248 | $ | 3,691,221,166 | ||||||||
Liabilities: | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Securities Sold Short: |
||||||||||||||||
Common Stock |
$ | (522,687,669 | ) | $ | | $ | (11,144 | ) | $ | (522,698,813 | ) | |||||
Corporate Bonds & Notes |
| (31,695,906 | ) | | (31,695,906 | ) | ||||||||||
Exchange-Traded Fund |
(734,103 | ) | | | (734,103 | ) | ||||||||||
Mortgage-Backed Securities |
| (150,732,450 | ) | | (150,732,450 | ) | ||||||||||
Sovereign Debt |
| (36,237,049 | ) | | (36,237,049 | ) | ||||||||||
U.S. Treasury Notes |
| (3,165,777 | ) | | (3,165,777 | ) | ||||||||||
Warrants^ |
| | (0 | ) | (0 | ) | ||||||||||
Rights |
| | (100 | ) | (100 | ) | ||||||||||
Total Securities Sold Short |
(523,421,772 | ) | (221,831,182 | ) | ( 11,244 | ) | (745,264,198 | ) | ||||||||
Other Financial Instruments: |
||||||||||||||||
Options Written |
$ | (5,839,790 | ) | $ | (373,361 | ) | $ | | $ | (6,213,151 | ) | |||||
Reverse Repurchase Agreements |
| (12,603,944 | ) | | (12,603,944 | ) | ||||||||||
Futures Contracts |
(110,288,738 | ) | | | (110,288,738 | ) | ||||||||||
Forward Foreign Currency Exchange Contracts |
| (3,897,043 | ) | | (3,897,043 | ) | ||||||||||
Centrally Cleared Credit Default Swaps |
| (9,616,021 | ) | | (9,616,021 | ) | ||||||||||
OTC Credit Default Swaps |
| (1,328,455 | ) | | (1,328,455 | ) |
138
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Notes to Consolidated Schedule of Investments (Continued)
For the Period Ended December 31, 2023 (Unaudited)
Liabilities: | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
OTC Total Return Swaps |
$ | | $ | (1,979,906 | ) | $ | (46,340 | ) | $ | (2,026,246 | ) | |||||
Variance Swaps |
| (740,401 | ) | | (740,401 | ) | ||||||||||
Centrally Cleared Interest Rate Swaps |
| (883,973 | ) | | (883,973 | ) | ||||||||||
Total Securities Sold Short and Other Financial Instruments |
$ | (639,550,300 | ) | $ | (253,254,286 | ) | $ | (57,584 | ) | $ | (892,862,170 | ) |
^ | A balance indicated with a 0, reflects either a zero balance or an amount that rounds to less than 1. |
Investments in Investee Funds that are measured at fair value using NAV as a practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Consolidated Schedule of Investments.
Investments in Investee Funds that are non-redeemable or subject to other restrictions such as a lockup at the measurement date or have the ability to limit the individual amount of investor redemptions shall be classified as having a redemption restriction.
The following table summarizes investments in Investee Funds, by investment strategy, the unfunded commitment of each strategy (if applicable), and the amount of the investment in Investee Fund that cannot be redeemed because of redemption restrictions put in place by the Investee Fund.
Investments in Investee Funds by Strategy |
Unfunded Commitment $ |
Non-Redeemable Investments (A) |
Other Restricted Investments (B) |
Investments Subject to No Restrictions |
Total $ | |||||||||
Amount $ |
Redemption Restriction Commencement Date |
Amount $ |
Redemption Restriction Term |
Amount $ | ||||||||||
Event-Driven (1) | 17,915,415 | 2,425,972 | N/A | 28,056,320 | Semi-Annual | | 30,482,292 | |||||||
Macro Strategies (2) | N/A | N/A | N/A | 122,763,020 | Monthly with 90 days notice | | 122,763,020 | |||||||
Macro Strategies (2) | N/A | N/A | N/A | 131,479,679 | Daily with 6 days notice |
| 131,479,679 | |||||||
Macro-Strategies (2) | N/A | N/A | N/A | 24,442,536 | Quarterly | | 24,442,536 | |||||||
Macro-Strategies (2) | N/A | N/A | N/A | 58,954,180 | Monthly | | 58,954,180 | |||||||
Equity Hedge (3) | N/A | N/A | N/A | 31,181,065 | Monthly | | 31,181,065 |
(1) | The Event-Driven strategy generally includes Investee Funds that seek returns by investing in strategies including catalyst events, share class arbitrage, share buybacks, post re-organization equity, recapitalizations, spin-offs and stub trades. |
(2) | The Macro Strategies strategy generally includes Investee Funds with a focus on opportunistic and strategic allocations across asset classes including but not limited to bonds, rates, currencies and commodities. |
(3) | The Equity Hedge strategy generally includes equity-focused Investee Funds with a bottom-up analysis that do not actively trade exposures, with trading strategies focusing on shorter-term dynamics and appreciation for market technicals, top-down thematic/macro views, and technically driven statistical arbitrage with fundamental quantitative long/short strategies. |
(A) | Investments in Investee Funds cannot currently be redeemed and the remaining redemption restriction period is not known. The date the redemption restriction commenced is disclosed when known. |
(B) | Investments subject to other restrictions include investments in Investee Funds that are subject to a lockup at the measurement date and/or have the ability to limit the individual amount of investor redemptions. The redemption restriction term is based on the restriction period (or range of restriction periods) for Investee Funds as defined in each respective Investee Funds governing legal agreement without consideration of the length of time elapsed from the date of investments in Investee Funds. The Funds investment in a particular Investee Fund classified within the strategies above may be comprised of investments with differing liquidity terms or investments that were made at differing points in time. |
The Fund recognizes transfers within the fair value hierarchy as of the beginning of the period. Transfers into and out of Level 3 were primarily related to the availability of broker quotations in accordance with valuation methodology.
139
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Notes to Consolidated Schedule of Investments (Continued)
For the Period Ended December 31, 2023 (Unaudited)
The changes in investments measured at fair value for which the Fund used Level 3 inputs to determine fair value are as follows:
Assets: Investments |
Common Stocks |
Preferred Stocks |
Bank Debt |
Corporate Bonds & Notes |
Warrants | Rights | Common Stocks Sold Short |
Rights Sold Short |
OTC Total Return Swap |
Total | ||||||||||||||||||||||||||||||
Balance as of March 31, 2023 |
$ | 1,414,687 | $ | 9,088,567 | $ | 60,165,104 | $ | 125,350 | $ | 246,796 | $ | | $ | (11,144 | ) | $ | | $ | | $ | 71,029,360 | |||||||||||||||||||
Transfers In |
| | 11,263,382 | | | 1,294 | | | (53,762 | ) | 11,210,914 | |||||||||||||||||||||||||||||
Transfers Out |
| | (6,095,372 | ) | | | | | | | (6,095,372 | ) | ||||||||||||||||||||||||||||
Purchases |
778,724 | | 27,753,993 | | | | 6,245 | | | 28,538,962 | ||||||||||||||||||||||||||||||
Sales |
| | (23,768,154 | ) | (2,613 | ) | | | (2,192 | ) | (100 | ) | (62,922 | ) | (23,835,981 | ) | ||||||||||||||||||||||||
Amortization |
| | 375,935 | | | | | | | 375,935 | ||||||||||||||||||||||||||||||
Net realized gain (loss) |
| | (5,251,124 | ) | | | | (285 | ) | | | (5,251,409 | ) | |||||||||||||||||||||||||||
Net change in unrealized appreciation (depreciation) |
(656,966 | ) | (3,211,235 | ) | 4,135,502 | (9,377 | ) | 1,283,171 | | (3,768 | ) | | 152,928 | 1,690,255 | ||||||||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Balance as of December 31, 2023 |
$ | 1,536,445 | $ | 5,877,332 | $ | 68,579,266 | $ | 113,360 | $ | 1,529,967 | $ | 1,294 | $ | (11,144 | ) | $ | (100 | ) | $ | 36,244 | $ | 77,662,664 | ||||||||||||||||||
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||||||||
Net change in unrealized appreciation (depreciation) related to investments still held as of December 31, 2023 |
$ | (656,966 | ) | $ | (3,211,235 | ) | $ | 1,784,493 | $ | (9,377 | ) | $ | 1,283,171 | $ | | $ | (3,768 | ) | $ | | $ | 152,928 | $ | (660,754 | ) | |||||||||||||||
|
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|
|
The following table summarizes the quantitative inputs and assumptions used for investments classified within Level 3 of the fair value hierarchy as of December 31, 2023.
Assets |
Valuation Technique |
Unobservable Inputs |
Fair Value at December 31, 2023 |
Range of Inputs (Weighted Average) |
||||||||||||
Investments in Securities and Other Financial Instruments: |
||||||||||||||||
Bank Debt |
Broker-dealer Quotations | Indicative Bid | $ | 38,828,884 | N/A | |||||||||||
Comparable Company Multiples | EBITDA Multiples | 18,024,464 | 9.5x (a) | |||||||||||||
EBITDA Multiples | 8,541,153 | 10.0x (a) | ||||||||||||||
Distribution Analysis | Expected Distribution Proceeds | 3,184,765 | N/A | |||||||||||||
Common Stock |
Broker-dealer Quotations | Indicative Bid | 1,536,445 | N/A | ||||||||||||
Corporate Bonds & Notes |
Broker-dealer Quotations | Indicative Bid | 113,360 | N/A | ||||||||||||
Preferred Stock |
Broker-dealer Quotations | Indicative Bid | 5,562,760 | N/A | ||||||||||||
Comparable Company Multiples | EBITDA Multiples | 314,572 | 9.5x (a) | |||||||||||||
Rights |
Broker-dealer Quotations | Indicative Bid | 1,294 | N/A | ||||||||||||
Warrants |
Distribution Analysis | Expected Distribution Proceeds | 1,529,967 | N/A | ||||||||||||
OTC Total Return Swaps |
Broker-dealer Quotations | Indicative Bid | 82,584 | N/A | ||||||||||||
|
|
|||||||||||||||
Total Investments in Securities and Other Financial Instruments |
|
$ | 77,720,248 | |||||||||||||
|
|
140
Blackstone Alternative Multi-Strategy Fund and Subsidiaries
Notes to Consolidated Schedule of Investments (Continued)
For the Period Ended December 31, 2023 (Unaudited)
Liabilities |
Valuation Technique |
Unobservable Inputs |
Fair Value at December 31, 2023 |
Range of Inputs (Weighted Average) |
||||||||||||
Securities Sold Short and Other Financial Instruments: |
||||||||||||||||
Common Stock Sold Short |
Broker-dealer Quotations | Indicative Bid | (11,144 | ) | N/A | |||||||||||
Rights Sold Short |
Broker-dealer Quotations | Indicative Bid | (100 | ) | N/A | |||||||||||
Warrants Sold Short |
Broker-dealer Quotations | Indicative Bid | 0^ | N/A | ||||||||||||
OTC Total Return Swaps |
Broker-dealer Quotations | Indicative Bid | (46,340 | ) | N/A | |||||||||||
|
|
|||||||||||||||
Total Securities Sold Short and Other Financial Instruments |
|
$ | (57,584 | ) | ||||||||||||
|
|
(a) | A significant change in unobservable input would have resulted in a correlated significant change to value. |
^ | A balance indicated with a 0, reflects either a zero balance or an amount that rounds to less than 1. |
141