Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)
Shares | September 30, 2020 Fair Value | ||||||||||
Investments in Securities – 109.26% | |||||||||||
Common Stock – 109.26% | |||||||||||
United States – 78.33% | |||||||||||
Aerospace / Defense – 1.89% | |||||||||||
51,914 | Northrop Grumman Corp. | $ | 16,378,348 | ||||||||
131,595 | Raytheon Technologies Corp. | 7,571,976 | |||||||||
88,101 | TransDigm Group, Inc. | (a) | 41,858,547 | ||||||||
65,808,871 | |||||||||||
Applications Software – 7.22% | |||||||||||
421,882 | Five9, Inc.* | (a) | 54,709,658 | ||||||||
617,268 | Microsoft Corp. | (a) | 129,829,978 | ||||||||
207,478 | PTC, Inc.* | 17,162,580 | |||||||||
67,995 | ServiceNow, Inc.* | 32,977,575 | |||||||||
341,460 | Smartsheet, Inc. , Class A* | (a) | 16,874,953 | ||||||||
251,554,744 | |||||||||||
Building Products - Cement / Aggregate – 0.89% | |||||||||||
46,082 | Martin Marietta Materials, Inc. | 10,845,859 | |||||||||
147,915 | Vulcan Materials Co. | 20,048,399 | |||||||||
30,894,258 | |||||||||||
Coatings / Paint – 0.55% | |||||||||||
27,557 | The Sherwin-Williams Co. | (a) | 19,200,064 | ||||||||
Commercial Services – 2.13% | |||||||||||
72,021 | Cintas Corp. | 23,970,749 | |||||||||
59,314 | CoStar Group, Inc.* | (a) | 50,328,522 | ||||||||
74,299,271 | |||||||||||
Commercial Services - Finance – 3.86% | |||||||||||
428,371 | Avalara, Inc.* | (a) | 54,548,763 | ||||||||
261,743 | Global Payments, Inc. | (a) | 46,480,322 | ||||||||
47,027 | S&P Global, Inc. | 16,957,936 | |||||||||
194,186 | TransUnion | 16,336,868 | |||||||||
134,323,889 | |||||||||||
Communications Software – 4.81% | |||||||||||
610,586 | RingCentral, Inc., Class A* | (a) | 167,673,022 | ||||||||
Computer Aided Design – 8.32% | |||||||||||
168,139 | Altair Engineering, Inc., Class A* | (a) | 7,058,475 | ||||||||
77,109 | ANSYS, Inc.* | (a) | 25,232,378 |
- 1 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited) (continued)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
United States – (continued) | |||||||||||
Computer Aided Design (continued) | |||||||||||
306,018 | Aspen Technology, Inc.* | (a) | $ | 38,738,819 | |||||||
95,269 | Autodesk, Inc.* | 22,008,092 | |||||||||
992,453 | Cadence Design Systems, Inc.* | (a) | 105,825,263 | ||||||||
425,669 | Synopsys, Inc.* | (a) | 91,084,653 | ||||||||
289,947,680 | |||||||||||
Computer Services – 0.16% | |||||||||||
169,651 | Parsons Corp.* | 5,690,095 | |||||||||
Computer Software – 1.53% | |||||||||||
30,405 | Datadog, Inc., Class A* | 3,106,175 | |||||||||
203,714 | Twilio, Inc., Class A* | 50,335,692 | |||||||||
53,441,867 | |||||||||||
Computers – 2.13% | |||||||||||
641,984 | Apple, Inc. | (a) | 74,348,167 | ||||||||
Data Processing / Management – 0.69% | |||||||||||
163,358 | Fidelity National Information Services, Inc. | 24,047,931 | |||||||||
E-Commerce / Products – 3.63% | |||||||||||
40,149 | Amazon.com, Inc.* | (a) | 126,418,361 | ||||||||
Electronic Components - Semiconductors – 0.90% | |||||||||||
57,812 | Microchip Technology, Inc. | 5,940,761 | |||||||||
167,074 | Micron Technology, Inc.* | 7,845,795 | |||||||||
166,249 | Xilinx, Inc. | (a) | 17,329,796 | ||||||||
31,116,352 | |||||||||||
Enterprise Software / Services – 6.02% | |||||||||||
261,253 | Alteryx, Inc., Class A* | 29,665,278 | |||||||||
229,749 | Ceridian HCM Holdings, Inc.* | 18,988,755 | |||||||||
232,019 | Coupa Software, Inc.* | (a) | 63,628,891 | ||||||||
660,398 | SS&C Technologies Holdings, Inc. | (a) | 39,967,287 | ||||||||
203,241 | Salesforce.com, Inc.* | 51,078,528 | |||||||||
24,191 | Snowflake, Inc., Class A* | 6,071,941 | |||||||||
209,400,680 | |||||||||||
Entertainment Software – 1.85% | |||||||||||
509,990 | Activision Blizzard, Inc. | 41,283,690 |
- 2 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited) (continued)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
United States – (continued) | |||||||||||
Entertainment Software (continued) | |||||||||||
94,407 | Electronic Arts, Inc.* | (a) | $ | 12,311,617 | |||||||
24,921 | Take-Two Interactive Software, Inc.* | 4,117,448 | |||||||||
75,868 | Unity Software, Inc.* | 6,621,759 | |||||||||
64,334,514 | |||||||||||
Finance - Credit Card – 2.59% | |||||||||||
139,756 | Mastercard, Inc., Class A | (a) | 47,261,287 | ||||||||
214,759 | Visa, Inc., Class A | (a) | 42,945,357 | ||||||||
90,206,644 | |||||||||||
Finance - Investment Banker / Broker – 0.47% | |||||||||||
282,758 | Tradeweb Markets, Inc., Class A | 16,399,964 | |||||||||
Finance - Other Services – 2.14% | |||||||||||
115,014 | CME Group, Inc. | 19,242,992 | |||||||||
552,008 | Intercontinental Exchange, Inc. | (a) | 55,228,400 | ||||||||
74,471,392 | |||||||||||
Human Resources – 0.44% | |||||||||||
94,456 | Paylocity Holding Corp.* | 15,247,087 | |||||||||
Internet Application Software – 1.26% | |||||||||||
204,935 | Okta, Inc.* | (a) | 43,825,350 | ||||||||
Internet Content - Entertainment – 4.93% | |||||||||||
477,033 | Facebook, Inc., Class A* | (a) | 124,934,943 | ||||||||
1,121,641 | Pinterest, Inc., Class A* | 46,559,318 | |||||||||
171,494,261 | |||||||||||
Medical - Biomedical / Genetics – 4.40% | |||||||||||
260,649 | Acceleron Pharma, Inc.* | 29,330,832 | |||||||||
357,510 | Akero Therapeutics, Inc.* | 11,007,733 | |||||||||
71,331 | Alnylam Pharmaceuticals, Inc.* | 10,385,793 | |||||||||
123,093 | Applied Therapeutics, Inc.* | 2,555,411 | |||||||||
85,709 | Arcus Biosciences, Inc.* | 1,469,052 | |||||||||
283,071 | Arena Pharmaceuticals, Inc.* | (a) | 21,170,880 | ||||||||
142,524 | Avidity Biosciences, Inc.* | 4,012,051 | |||||||||
88,706 | Beam Therapeutics, Inc.* | 2,183,942 | |||||||||
144,169 | Blueprint Medicines Corp.* | 13,364,466 |
- 3 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited) (continued)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
United States – (continued) | |||||||||||
Medical - Biomedical / Genetics (continued) | |||||||||||
117,777 | Deciphera Pharmaceuticals, Inc.* | $ | 6,041,960 | ||||||||
146,801 | IGM Biosciences, Inc.* | 10,835,382 | |||||||||
329,676 | Karyopharm Therapeutics, Inc.* | 4,813,269 | |||||||||
241,687 | Mersana Therapeutics, Inc.* | 4,500,212 | |||||||||
80,599 | Turning Point Therapeutics, Inc.* | 7,041,129 | |||||||||
301,659 | Ultragenyx Pharmaceutical, Inc.* | (a) | 24,793,353 | ||||||||
153,505,465 | |||||||||||
Medical - Drugs – 0.60% | |||||||||||
175,798 | Allovir, Inc.* | 4,834,445 | |||||||||
49,354 | Oric Pharmaceuticals, Inc.* | 1,234,344 | |||||||||
74,489 | PMV Pharmaceuticals, Inc.* | 2,644,359 | |||||||||
436,188 | TG Therapeutics, Inc.* | 11,672,391 | |||||||||
20,385,539 | |||||||||||
Medical - Outpatient / Home Medical – 0.11% | |||||||||||
127,636 | American Well Corp., Class A* | 3,783,131 | |||||||||
REITs - Diversified – 3.02% | |||||||||||
194,438 | American Tower Corp. | 47,001,498 | |||||||||
76,697 | Equinix, Inc. | 58,299,691 | |||||||||
105,301,189 | |||||||||||
Retail - Building Products – 1.03% | |||||||||||
216,480 | Lowe’s Cos., Inc. | (a) | 35,905,373 | ||||||||
Retail - Discount – 0.62% | |||||||||||
103,345 | Dollar General Corp. | (a) | 21,663,179 | ||||||||
Retail - Major Department Store – 1.40% | |||||||||||
875,198 | The TJX Cos., Inc.* | 48,704,769 | |||||||||
Retail - Restaurants – 2.84% | |||||||||||
57,848 | Chipotle Mexican Grill, Inc.* | (a) | 71,946,136 | ||||||||
295,450 | Yum! Brands, Inc. | 26,974,585 | |||||||||
98,920,721 | |||||||||||
Semiconductor Components - Integrated Circuits – 1.26% | |||||||||||
376,805 | Analog Devices, Inc. | 43,988,216 |
- 4 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited) (continued)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
United States – (continued) | |||||||||||
Semiconductor Equipment – 4.64% | |||||||||||
296,902 | Applied Materials, Inc. | $ | 17,650,824 | ||||||||
299,930 | KLA Corp. | (a) | 58,108,438 | ||||||||
135,670 | Lam Research Corp. | (a) | 45,008,523 | ||||||||
515,102 | Teradyne, Inc. | (a) | 40,930,005 | ||||||||
161,697,790 | |||||||||||
Total United States (Cost $1,603,024,001) | $ | 2,727,999,836 | |||||||||
Argentina – 2.46% | |||||||||||
E-Commerce / Services – 2.46% | |||||||||||
79,276 | MercadoLibre, Inc.* | 85,814,684 | |||||||||
Total Argentina (Cost $41,081,684) | $ | 85,814,684 | |||||||||
Brazil – 0.82% | |||||||||||
Investment Management / Advisory Services – 0.82% | |||||||||||
685,265 | XP, Inc., Class A* | 28,568,698 | |||||||||
Total Brazil (Cost $18,748,436) | $ | 28,568,698 | |||||||||
Canada – 2.01% | |||||||||||
Internet Application Software – 1.63% | |||||||||||
55,434 | Shopify, Inc., Class A* | (a) | 56,707,319 | ||||||||
Retail - Restaurants – 0.38% | |||||||||||
230,486 | Restaurant Brands International, Inc. | 13,255,250 | |||||||||
Total Canada (Cost $35,785,802) | $ | 69,962,569 | |||||||||
China – 11.91% | |||||||||||
Computer Software – 0.88% | |||||||||||
8,217,447 | Ming Yuan Cloud Group Holdings, Ltd.* | 30,749,157 | |||||||||
E-Commerce / Products – 5.96% | |||||||||||
232,983 | Alibaba Group Holding, Ltd. - Sponsored ADR* | 68,492,342 | |||||||||
966,481 | JD.com, Inc. - Sponsored ADR* | 75,008,590 |
- 5 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited) (continued)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
China – (continued) | |||||||||||
E-Commerce / Products (continued) | |||||||||||
2,056,500 | Meituan Dianping, Class B* | $ | 64,162,800 | ||||||||
207,663,732 | |||||||||||
E-Commerce / Services – 0.36% | |||||||||||
397,720 | Trip.com Group, Ltd. - Sponsored ADR* | 12,385,001 | |||||||||
Entertainment Software – 1.23% | |||||||||||
691,658 | Bilibili, Inc. - Sponsored ADR* | 28,772,973 | |||||||||
30,528 | NetEase, Inc. - Sponsored ADR | 13,880,166 | |||||||||
42,653,139 | |||||||||||
Internet Content - Entertainment – 0.59% | |||||||||||
256,248 | JOYY, Inc. - Sponsored ADR* | 20,671,526 | |||||||||
Internet Content – Information / Networks – 1.62% | |||||||||||
853,800 | Tencent Holdings, Ltd. | 56,350,800 | |||||||||
Medical - Biomedical / Genetics – 0.00% | |||||||||||
2,800 | Everest Medicines, Ltd.* | 19,871 | |||||||||
Schools – 1.27% | |||||||||||
296,438 | New Oriental Education & Technology Group, Inc. - Sponsored ADR* | 44,317,481 | |||||||||
Total China (Cost $233,648,137) | $ | 414,810,707 | |||||||||
France – 2.12% | |||||||||||
Aerospace / Defense - Equipment – 1.91% | |||||||||||
430,686 | Airbus SE | 31,348,077 | |||||||||
356,980 | Safran SA | 35,347,648 | |||||||||
66,695,725 | |||||||||||
Entertainment Software – 0.21% | |||||||||||
82,482 | Ubisoft Entertainment SA* | 7,453,437 | |||||||||
Total France (Cost $96,342,231) | $ | 74,149,162 | |||||||||
Germany – 1.90% | |||||||||||
Aerospace / Defense – 0.64% | |||||||||||
133,915 | MTU Aero Engines AG | 22,299,030 |
- 6 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited) (continued)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
Germany – (continued) | |||||||||||
Athletic Footwear – 1.26% | |||||||||||
135,518 | adidas AG | $ | 43,876,482 | ||||||||
Total Germany (Cost $61,352,012) | $ | 66,175,512 | |||||||||
Israel – 0.49% | |||||||||||
Applications Software – 0.49% | |||||||||||
201,636 | JFrog, Ltd.* | 17,068,488 | |||||||||
Total Israel (Cost $11,427,248) | $ | 17,068,488 | |||||||||
Japan – 4.46% | |||||||||||
Audio / Video Products – 1.65% | |||||||||||
757,200 | Sony Corp. | 57,631,293 | |||||||||
Finance - Other Services – 1.00% | |||||||||||
1,249,978 | Japan Exchange Group, Inc. | 34,799,918 | |||||||||
Metal Products - Distribution – 0.19% | |||||||||||
237,253 | MISUMI Group, Inc. | 6,598,480 | |||||||||
Web Portals / ISP – 1.62% | |||||||||||
8,532,203 | Z Holdings Corp. | 56,514,829 | |||||||||
Total Japan (Cost $97,576,144) | $ | 155,544,520 | |||||||||
Netherlands – 1.61% | |||||||||||
Semiconductor Components - Integrated Circuits – 0.31% | |||||||||||
86,099 | NXP Semiconductor NV | 10,746,016 | |||||||||
Semiconductor Equipment – 1.30% | |||||||||||
123,048 | ASML Holding NV | 45,437,935 | |||||||||
Total Netherlands (Cost $38,839,940) | $ | 56,183,951 | |||||||||
Singapore – 2.00% | |||||||||||
Entertainment Software – 2.00% | |||||||||||
452,849 | Sea, Ltd. - Sponsored ADR* | 69,756,860 | |||||||||
Total Singapore (Cost $13,660,597) | $ | 69,756,860 |
- 7 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited) (concluded)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
Taiwan – 1.15% | |||||||||||
Semiconductor Components - Integrated Circuits – 1.15% | |||||||||||
494,127 | Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR | $ | 40,058,876 | ||||||||
Total Taiwan (Cost $25,109,613) | $ | 40,058,876 | |||||||||
Total Common Stock (Cost $2,276,595,845) | $ | 3,806,093,863 | |||||||||
Total Investments in Securities (Cost $2,276,595,845) – 109.26% | $ | 3,806,093,863 | |||||||||
Total Purchased Options (Cost $308,698,294) – 8.49% | 295,839,653 | ||||||||||
Total Securities Sold, Not Yet Purchased (Proceeds $946,950,678) – (24.57%) | (856,031,927 | ) | |||||||||
Total Written Options (Proceeds $13,545,879) – (0.48%) | (16,974,170 | ) | |||||||||
Total Assets, in Excess of Liabilities – 7.31% | 254,631,035 | ||||||||||
Member’s Capital – 100.00% | $ | 3,483,558,454 |
(a) | Partially or wholly held in a pledged account by the Custodian as collateral for securities sold, not yet purchased. | |
* | Non-income producing security | |
** | Includes $175,047,436 invested in U.S. Dollar Cash Reserve Account at the Bank of New York Mellon (the “Custodian”), which is 5.02% of Members’ Capital, and foreign currency with a U.S. Dollar value $17,740,485 held in a Foreign Cash Account with Custodian, which is 0.51% of Members’ Capital. $139,512,052 of those amounts is held as restricted cash and is in a segregated account with the Custodian, primarily as collateral for swap contracts. | |
ADR | American Depository Receipt | |
REIT | Real Estate Investment Trust |
- 8 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Purchased Options (Unaudited)
Notional Amount (USD) | Contracts | Expiration Date Strike Price | September 30, 2020 Fair Value | |||||||||||
Purchased Options – 8.49% | ||||||||||||||
Equity Options – 8.33% | ||||||||||||||
Equity Call Options – 4.45% | ||||||||||||||
United States – 4.11% | ||||||||||||||
Advertising Services - 0.44% | ||||||||||||||
1/15/2021 | ||||||||||||||
$ | 26,499,000 | 803 | $330 | The Trade Desk, Inc., Class A | $ | 15,449,720 | ||||||||
Airlines - 0.01% | ||||||||||||||
11/20/2020 | ||||||||||||||
5,089,500 | 3,393 | $15 | American Airlines Group Inc. | 285,012 | ||||||||||
Auto-Cars / Light Trucks - 0.12% | ||||||||||||||
1/15/2021 | ||||||||||||||
9,215,500 | 13,165 | $7 | Ford Motor Co. | 763,570 | ||||||||||
1/15/2021 | ||||||||||||||
26,555,000 | 26,555 | $10 | Ford Motor Co. | 159,330 | ||||||||||
12/18/2020 | ||||||||||||||
40,200,000 | 804 | $500 | Tesla, Inc. | 3,481,320 | ||||||||||
4,404,220 | ||||||||||||||
Cosmetics & Toiletries - 0.33% | ||||||||||||||
1/15/2021 | ||||||||||||||
67,260,000 | 5,605 | $120 | The Procter & Gamble Co. | 11,490,250 | ||||||||||
Cruise Lines - 0.03% | ||||||||||||||
1/15/2021 | ||||||||||||||
3,188,000 | 1,594 | $20 | Carnival Corp. | 235,912 | ||||||||||
4/16/2021 | ||||||||||||||
4,820,000 | 2,410 | $20 | Carnival Corp. | 583,220 | ||||||||||
819,132 | ||||||||||||||
Date Processing / Management - 0.15% | ||||||||||||||
12/18/2020 | ||||||||||||||
14,048,000 | 878 | $160 | DocuSign, Inc. | 5,224,100 | ||||||||||
Diversified Manufacturing Operations - 0.02% | ||||||||||||||
12/18/2020 | ||||||||||||||
11,966,500 | 17,095 | $7 | General Electric Co. | 581,230 | ||||||||||
Electronic Forms - 0.39% | ||||||||||||||
12/18/2020 | ||||||||||||||
25,720,000 | 643 | $400 | Adobe, Inc. | 6,529,665 | ||||||||||
1/15/2021 | ||||||||||||||
33,726,000 | 803 | $420 | Adobe, Inc. | 6,937,920 | ||||||||||
13,467,585 | ||||||||||||||
Growth & Income - Large Cap - 1.72% | ||||||||||||||
2/19/2021 | ||||||||||||||
508,154,500 | 14,815 | $343 | SPDR S&P 500 ETF Trust | 24,074,375 | ||||||||||
3/19/2021 | ||||||||||||||
678,161,600 | 19,714 | $344 | SPDR S&P 500 ETF Trust | 36,017,478 | ||||||||||
60,091,853 | ||||||||||||||
Hotels & Motels - 0.17% | ||||||||||||||
10/16/2020 | ||||||||||||||
22,369,500 | 3,314 | $67.5 | Hilton Worldwide Holdings, Inc. | 5,799,500 |
- 9 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Purchased Options (Unaudited) continued)
Notional Amount (USD) | Contracts | Expiration Date Strike Price | September 30, 2020 Fair Value | |||||||||||
Purchased Options – (continued) | ||||||||||||||
Equity Options – (continued) | ||||||||||||||
Equity Call Options – (continued) | ||||||||||||||
United States – (continued) | ||||||||||||||
Internet Content - Entertainment - 0.53% | ||||||||||||||
1/15/2021 | ||||||||||||||
$ | 24,090,000 | 1,095 | $220 | Facebook, Inc., Class A | $ | 5,557,125 | ||||||||
1/15/2021 | ||||||||||||||
31,317,000 | 803 | $390 | Netflix, Inc. | 9,860,840 | ||||||||||
12/18/2020 | ||||||||||||||
9,056,000 | 2,830 | $32 | Pinterest, Inc., Class A | 3,113,000 | ||||||||||
18,530,965 | ||||||||||||||
Web Portals / ISP - 0.20% | ||||||||||||||
11/20/2020 | ||||||||||||||
21,735,000 | 161 | $1,350 | Alphabet, Inc., Class A | 2,552,977 | ||||||||||
11/20/2020 | ||||||||||||||
46,650,000 | 311 | $1,500 | Alphabet, Inc., Class A | 2,161,450 | ||||||||||
12/18/2020 | ||||||||||||||
15,470,000 | 119 | $1,300 | Alphabet, Inc., Class A | 2,338,350 | ||||||||||
7,052,777 | ||||||||||||||
Total United States (Cost $136,665,556) | $ | 143,196,344 | ||||||||||||
Argentina - 0.16% | ||||||||||||||
Enterprise Software / Services - 0.16% | ||||||||||||||
12/18/2020 | ||||||||||||||
22,725,000 | 1,515 | $150 | Atlassian Corp. PLC | 5,696,400 | ||||||||||
Total Argentina (Cost $5,799,096) | $ | 5,696,400 | ||||||||||||
Canada - 0.18% | ||||||||||||||
Internet Application Software - 0.18% | ||||||||||||||
1/15/2021 | ||||||||||||||
6,720,000 | 80 | $840 | Shopify, Inc., Class A | 1,832,800 | ||||||||||
2/19/2021 | ||||||||||||||
13,858,000 | 169 | $820 | Shopify, Inc., Class A | 4,400,760 | ||||||||||
Total Canada (Cost $5,244,138) | $ | 6,233,560 | ||||||||||||
Total Equity Call Options ($147,708,790) | $ | 155,126,304 | ||||||||||||
Equity Put Options - 3.88% | ||||||||||||||
United States - 3.87% | ||||||||||||||
Growth & Income - Large Cap - 2.32% | ||||||||||||||
1/15/2021 | ||||||||||||||
801,722,000 | 25,862 | $310.00 | SPDR S&P 500 ETF Trust | 29,043,026 | ||||||||||
3/19/2021 | ||||||||||||||
1,073,870,000 | 37,030 | $290.00 | SPDR S&P 500 ETF Trust | 41,658,750 | ||||||||||
3/19/2021 | ||||||||||||||
255,266,400 | 8,742 | $292.00 | SPDR S&P 500 ETF Trust | 10,131,978 | ||||||||||
80,833,754 | ||||||||||||||
Sector Fund - Technology - 1.55% | ||||||||||||||
3/19/2021 | ||||||||||||||
204,389,300 | 8,143 | $251.00 | Invesco QQQ Trust Series 1 | 11,416,486 | ||||||||||
3/19/2021 | ||||||||||||||
710,073,000 | 27,846 | $255.00 | Invesco QQQ Trust Series 1 | 42,465,150 | ||||||||||
53,881,636 | ||||||||||||||
Total United States (Cost $152,868,886) | $ | 134,715,390 |
- 10 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Purchased Options (Unaudited) (concluded)
Notional Amount (USD) | Contracts | Expiration Date Strike Price | September 30, 2020 Fair Value | |||||||||||
Purchased Options – (continued) | ||||||||||||||
Equity Options – (continued) | ||||||||||||||
Equity Put Options – (continued) | ||||||||||||||
China - 0.01% | ||||||||||||||
Internet Content - Entertainment - 0.01% | ||||||||||||||
1/15/2021 | ||||||||||||||
$ | 3,288,000 | 822 | $40 | Weibo Corp. - Sponsored ADR | $ | 493,200 | ||||||||
Total China (Cost $683,111) | $ | 493,200 | ||||||||||||
Total Equity Put Options ($153,551,997) | $ | 135,208,590 | ||||||||||||
Total Equity Options ($301,260,787) | $ | 290,334,894 | ||||||||||||
Currency Put Options - 0.16% | ||||||||||||||
United States - 0.16% | ||||||||||||||
12/14/2020 | ||||||||||||||
11,827,272 | 202,175,582 | $5.85 | USD-BRL | 5,293,348 | ||||||||||
12/18/2020 | ||||||||||||||
13,647,227 | 185,676,563 | $7.35 | USD-CNH | 211,411 | ||||||||||
Total United States (Cost $7,437,507) | $ | 5,504,759 | ||||||||||||
Total Currency Put Options (Cost $7,437,507) | $ | 5,504,759 | ||||||||||||
Total Purchased Options (Cost $308,698,294) | $ | 295,839,653 |
- 11 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited)
Shares | September 30, 2020 Fair Value | ||||||||||
Securities Sold, Not Yet Purchased – 24.57% | |||||||||||
Common Stock – 24.57% | |||||||||||
United States – 18.00% | |||||||||||
Advertising Agencies – 1.01% | |||||||||||
201,270 | Omnicom Group, Inc. | $ | 9,962,865 | ||||||||
171,563 | The Interpublic Group of Cos., Inc. | 2,859,955 | |||||||||
43,387 | The Trade Desk, Inc., Class A* | 22,508,308 | |||||||||
35,331,128 | |||||||||||
Airlines – 0.25% | |||||||||||
713,045 | American Airlines Group, Inc.* | 8,763,323 | |||||||||
Apparel Manufacturers – 0.34% | |||||||||||
609,337 | Hanesbrands, Inc. | 9,597,058 | |||||||||
138,700 | Tapestry, Inc.* | 2,167,881 | |||||||||
11,764,939 | |||||||||||
Auto - Cars / Light Trucks – 0.94% | |||||||||||
801,571 | Ford Motor Co. | 5,338,463 | |||||||||
64,278 | Tesla, Inc.* | 27,575,905 | |||||||||
32,914,368 | |||||||||||
Commercial Services - Finance – 0.11% | |||||||||||
232,631 | H&R Block, Inc. | 3,789,559 | |||||||||
Computer Data Security – 0.96% | |||||||||||
132,573 | Fortinet, Inc.* | 15,618,425 | |||||||||
102,438 | Qualys, Inc.* | 10,039,948 | |||||||||
55,873 | Zscaler, Inc.* | 7,860,772 | |||||||||
33,519,145 | |||||||||||
Computer Software – 0.38% | |||||||||||
313,355 | Slack Technologies, Inc., Class A* | 8,416,715 | |||||||||
211,576 | Teradata Corp.* | 4,802,775 | |||||||||
13,219,490 | |||||||||||
Cosmetics & Toiletries – 1.24% | |||||||||||
310,965 | The Procter & Gamble Co. | 43,221,025 | |||||||||
Cruise Lines – 0.18% | |||||||||||
408,719 | Carnival Corp.* | 6,204,354 |
- 12 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited) (continued)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
United States – (continued) | |||||||||||
Diversified Banking Institutions – 0.25% | |||||||||||
359,366 | Bank of America Corp. | $ | 8,657,127 | ||||||||
Diversified Manufacturing Operations – 0.11% | |||||||||||
613,713 | General Electric Co. | 3,823,432 | |||||||||
E-Commerce / Services – 0.07% | |||||||||||
84,683 | Cargurus, Inc.* | 1,831,693 | |||||||||
33,741 | TripAdvisor, Inc.* | 660,986 | |||||||||
2,492,679 | |||||||||||
Electronic Components - Semiconductors – 0.50% | |||||||||||
121,492 | Texas Instruments, Inc. | 17,347,843 | |||||||||
Enterprise Software / Services – 0.85% | |||||||||||
105,319 | Appian Corp.* | 6,819,405 | |||||||||
107,522 | Blackline, Inc.* | 9,637,197 | |||||||||
180,395 | New Relic, Inc.* | 10,167,062 | |||||||||
52,659 | Workiva, Inc.* | 2,936,266 | |||||||||
29,559,930 | |||||||||||
Finance - Credit Card – 0.33% | |||||||||||
530,372 | The Western Union Co. | 11,365,872 | |||||||||
Footwear & Related Apparel – 0.07% | |||||||||||
95,345 | Wolverine World Wide, Inc. | 2,463,715 | |||||||||
Health & Biotechnology – 0.67% | |||||||||||
171,944 | iShares Nasdaq Biotechnology ETF | 23,282,937 | |||||||||
Human Resources – 0.12% | |||||||||||
76,456 | Robert Half International, Inc. | 4,047,581 | |||||||||
Internet Content - Entertainment – 0.97% | |||||||||||
67,492 | Netflix, Inc.* | 33,748,025 | |||||||||
Internet Security – 0.51% | |||||||||||
72,313 | Palo Alto Networks, Inc.* | 17,698,607 | |||||||||
Investment Management / Advisory Services – 0.52% | |||||||||||
426,193 | Franklin Resources, Inc. | 8,673,028 | |||||||||
209,896 | Invesco, Ltd. | 2,394,913 | |||||||||
41,045 | T Rowe Price Group, Inc. | 5,262,790 |
- 13 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited) (continued)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
United States – (continued) | |||||||||||
Investment Management / Advisory Services (continued) | |||||||||||
118,772 | Waddell & Reed Financial, Inc., Class A | $ | 1,763,764 | ||||||||
18,094,495 | |||||||||||
Motorcycle / Motor Scooter – 0.19% | |||||||||||
264,120 | Harley-Davidson, Inc. | 6,481,505 | |||||||||
Real Estate Management / Services – 0.10% | |||||||||||
370,868 | Realogy Holdings Corp.* | 3,500,994 | |||||||||
REITs - Apartments – 0.13% | |||||||||||
86,775 | Equity Residential | 4,454,161 | |||||||||
REITs - Health Care – 0.74% | |||||||||||
171,933 | Healthpeak Properties, Inc. | 4,667,981 | |||||||||
186,641 | Omega Healthcare Investors, Inc. | 5,588,032 | |||||||||
208,002 | Ventas, Inc. | 8,727,764 | |||||||||
127,753 | Welltower, Inc. | 7,037,913 | |||||||||
26,021,690 | |||||||||||
REITs - Office Property – 1.34% | |||||||||||
133,167 | Boston Properties, Inc. | 10,693,310 | |||||||||
223,914 | Brandywine Realty Trust | 2,315,271 | |||||||||
164,723 | Douglas Emmett, Inc. | 4,134,547 | |||||||||
140,829 | Hudson Pacific Properties, Inc. | 3,088,380 | |||||||||
127,588 | Kilroy Realty Corp. | 6,629,472 | |||||||||
137,945 | Mack-Cali Realty Corp. | 1,740,866 | |||||||||
141,839 | SL Green Realty Corp. | 6,577,074 | |||||||||
337,456 | Vornado Realty Trust | 11,375,642 | |||||||||
46,554,562 | |||||||||||
REITs - Regional Malls – 0.23% | |||||||||||
121,648 | Simon Property Group, Inc. | 7,868,193 | |||||||||
REITs - Shopping Centers – 0.36% | |||||||||||
84,837 | Brixmor Property Group, Inc.* | 991,744 | |||||||||
78,338 | Federal Realty Investment Trust | 5,753,143 |
- 14 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited) (continued)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
United States – (continued) | |||||||||||
REITs - Shopping Centers (continued) | |||||||||||
377,903 | Kimco Realty Corp. | $ | 4,255,188 | ||||||||
23,386 | Regency Centers Corp. | 889,136 | |||||||||
51,673 | Urban Edge Properties* | 502,261 | |||||||||
12,391,472 | |||||||||||
REITs - Storage – 0.33% | |||||||||||
41,781 | Extra Space Storage, Inc. | 4,470,149 | |||||||||
31,273 | Public Storage | 6,965,123 | |||||||||
11,435,272 | |||||||||||
�� | Rental Auto / Equipment – 0.04% | ||||||||||
59,386 | Avis Budget Group, Inc.* | 1,563,040 | |||||||||
Retail - Apparel / Shoes – 0.45% | |||||||||||
249,716 | Abercrombie & Fitch Co., Class A* | 3,478,544 | |||||||||
26,930 | Ascena Retail Group, Inc.* | 8,348 | |||||||||
163,579 | Chico’s FAS, Inc.* | 159,081 | |||||||||
26,515 | Foot Locker, Inc. | 875,790 | |||||||||
221,835 | Tailored Brands, Inc.* | 22,405 | |||||||||
44,736 | The Children’s Place, Inc.* | 1,268,266 | |||||||||
590,052 | The Gap, Inc. | 10,048,586 | |||||||||
15,861,020 | |||||||||||
Retail - Arts & Crafts – 0.09% | |||||||||||
316,572 | The Michaels Cos., Inc.* | 3,056,503 | |||||||||
Retail - Bedding – 0.05% | |||||||||||
121,794 | Bed Bath & Beyond, Inc.* | 1,824,474 | |||||||||
Retail - Home Furnishings – 0.09% | |||||||||||
96,706 | La-Z-Boy, Inc. | 3,058,811 | |||||||||
Retail - Major Department Store – 0.20% | |||||||||||
579,083 | Nordstrom, Inc.* | 6,902,669 | |||||||||
Retail - Miscellaneous / Diversified – 0.11% | |||||||||||
454,623 | Sally Beauty Holdings, Inc.* | 3,950,674 | |||||||||
Retail - Regional Department Stores – 0.51% | |||||||||||
87,082 | Dillard’s, Inc., Class A | 3,180,235 | |||||||||
607,174 | Kohl’s Corp.* | 11,250,934 |
- 15 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited) (continued)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
United States – (continued) | |||||||||||
Retail - Regional Department Stores (continued) | |||||||||||
638,014 | Macy’s, Inc.* | $ | 3,636,680 | ||||||||
18,067,849 | |||||||||||
Retail - Restaurants – 0.12% | |||||||||||
153,257 | The Cheesecake Factory, Inc.* | 4,251,349 | |||||||||
Sector Fund - Energy – 0.01% | |||||||||||
16,572 | Energy Select Sector SPDR Fund | 496,331 | |||||||||
Sector Fund - Technology – 2.03% | |||||||||||
404,951 | VanEck Vectors Semiconductor ETF | 70,542,464 | |||||||||
Telephone - Integrated – 0.29% | |||||||||||
353,528 | AT&T, Inc. | 10,079,083 | |||||||||
Transport - Services – 0.21% | |||||||||||
72,549 | C.H. Robinson Worldwide, Inc. | 7,413,782 | |||||||||
Total United States (Proceeds $702,169,139) | $ | 627,085,472 | |||||||||
Brazil – 0.90% | |||||||||||
Commercial Services - Finance – 0.17% | |||||||||||
113,382 | StoneCo, Ltd., Class A* | 5,996,774 | |||||||||
Finance - Credit Card – 0.73% | |||||||||||
676,847 | Pagseguro Digital, Ltd., Class A* | 25,523,901 | |||||||||
Total Brazil (Proceeds $27,461,714) | $ | 31,520,675 | |||||||||
Canada – 0.53% | |||||||||||
Commercial Banks - Non U.S. – 0.37% | |||||||||||
171,800 | Canadian Imperial Bank of Commerce | 12,801,239 | |||||||||
Medical - Drugs – 0.16% | |||||||||||
387,522 | Canopy Growth Corp.* | 5,548,369 | |||||||||
Total Canada (Proceeds $27,548,269) | $ | 18,349,608 | |||||||||
China – 1.00% | |||||||||||
E-Commerce / Products – 0.27% | |||||||||||
160,800 | China Literature, Ltd.* | 1,202,369 |
- 16 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited) (continued)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
China – (continued) | |||||||||||
E-Commerce / Products (continued) | |||||||||||
112,487 | Pinduoduo, Inc. – Sponsored ADR* | $ | 8,340,911 | ||||||||
9,543,280 | |||||||||||
Educational Software – 0.08% | |||||||||||
29,729 | GSX Techedu, Inc. - Sponsored ADR* | 2,678,880 | |||||||||
Entertainment Software – 0.13% | |||||||||||
182,042 | HUYA Inc. - Sponsored ADR* | 4,359,906 | |||||||||
Internet Content - Entertainment – 0.32% | |||||||||||
687,179 | Tencent Music Entertainment Group – Sponsored ADR* | 10,149,634 | |||||||||
32,230 | Weibo Corp. – Sponsored ADR* | 1,174,139 | |||||||||
11,323,773 | |||||||||||
Metal - Aluminum – 0.02% | |||||||||||
4,170,000 | China Zhongwang Holdings, Ltd. | 704,865 | |||||||||
Web Hosting / Design – 0.18% | |||||||||||
197,561 | Baozun, Inc. - Sponsored ADR* | 6,418,757 | |||||||||
Total China (Proceeds $35,624,503) | $ | 35,029,461 | |||||||||
France – 0.24% | |||||||||||
Advertising Services – 0.20% | |||||||||||
213,723 | Publicis Groupe SA | 6,912,162 | |||||||||
REITs - Diversified – 0.04% | |||||||||||
112,487 | Klepierre SA | 1,580,916 | |||||||||
Total France (Proceeds $14,580,904) | $ | 8,493,078 | |||||||||
Germany – 0.83% | |||||||||||
Auto - Cars / Light Trucks – 0.83% | |||||||||||
127,463 | Bayerische Motoren Werke AG | 9,265,613 | |||||||||
364,556 | Daimler AG | 19,679,806 | |||||||||
28,945,419 | |||||||||||
Total Germany (Proceeds $26,859,864) | $ | 28,945,419 |
- 17 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited) (continued)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
Hong Kong – 1.23% | |||||||||||
Commercial Banks - Non U.S. – 0.45% | |||||||||||
1,068,000 | Hang Seng Bank, Ltd. | $ | 15,723,716 | ||||||||
Electric - Integrated – 0.33% | |||||||||||
357,500 | CLP Holdings, Ltd. | 3,321,290 | |||||||||
1,531,000 | Power Assets Holdings, Ltd. | 8,020,465 | |||||||||
11,341,755 | |||||||||||
Gas - Distribution – 0.21% | |||||||||||
5,200,139 | Hong Kong & China Gas Co., Ltd. | 7,447,941 | |||||||||
Real Estate Operations / Development – 0.24% | |||||||||||
646,500 | Sun Hung Kai Properties, Ltd. | 8,241,832 | |||||||||
Total Hong Kong (Proceeds $50,868,447) | $ | 42,755,244 | |||||||||
Israel – 0.79% | |||||||||||
Computer Data Security – 0.79% | |||||||||||
227,842 | Check Point Software Technologies, Ltd.* | 27,418,506 | |||||||||
Total Israel (Proceeds $27,102,602) | $ | 27,418,506 | |||||||||
Japan – 0.99% | |||||||||||
Advertising Services – 0.08% | |||||||||||
89,400 | Dentsu Group, Inc. | 2,621,937 | |||||||||
Electric - Integrated – 0.06% | |||||||||||
168,600 | Chubu Electric Power Co., Inc. | 2,046,590 | |||||||||
Gas - Distribution – 0.10% | |||||||||||
152,100 | Tokyo Gas Co., Ltd. | 3,467,759 | |||||||||
Office Automation & Equipment – 0.03% | |||||||||||
99,400 | Seiko Epson Corp. | 1,135,004 | |||||||||
Semiconductor Equipment – 0.72% | |||||||||||
97,000 | Tokyo Electron, Ltd. | 25,120,913 | |||||||||
Total Japan (Proceeds $30,914,355) | $ | 34,392,203 |
- 18 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited) (concluded)
Shares | September 30, 2020 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
United Kingdom – 0.06% | |||||||||||
Diversified Banking Institutions – 0.06% | |||||||||||
531,125 | HSBC Holdings, PLC* | $ | 2,042,261 | ||||||||
Total United Kingdom (Proceeds $3,820,881) | $ | 2,042,261 | |||||||||
Total Securities Sold, Not Yet Purchased (Proceeds $946,950,678) | $ | 856,031,927 |
* | Non-income producing security. | |
ADR | American Depository Receipt | |
ETF | Exchange-Traded Fund | |
REIT | Real Estate Investment Trust | |
SPDR | Standard & Poor’s Depository Receipt |
- 19 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Written Options (Unaudited)
Notional Amount (USD) | Contracts | Expiration Date Strike Price | September 30, 2020 Fair Value | |||||||||
Written Options – 0.48% | ||||||||||||
Equity Options – 0.48% | ||||||||||||
Equity Call Options – 0.48% | ||||||||||||
United States – 0.48% | ||||||||||||
Sector Fund - Technology - 0.48% | ||||||||||||
11/20/2020 | ||||||||||||
$ | 45,567,500 | 1,657 | $275 | iShares Expanded Technology-Software Sector ETF | $ | 7,091,960 | ||||||
11/20/2020 | ||||||||||||
7,140,000 | 255 | $280 | iShares Expanded Technology-Software Sector ETF | 1,013,625 | ||||||||
11/20/2020 | ||||||||||||
25,455,000 | 1,697 | $150 | VanEck Vectors Semiconductor ETF | 4,649,780 | ||||||||
11/20/2020 | ||||||||||||
25,352,100 | 1,657 | $153 | VanEck Vectors Semiconductor ETF | 4,084,505 | ||||||||
16,839,870 | ||||||||||||
Total United States (Proceeds $11,710,436) | $ | 16,839,870 | ||||||||||
Total Equity Call Options (Proceeds - $11,710,436) | $ | 16,839,870 | ||||||||||
Equity Put Options – 0.00% | ||||||||||||
Canada – 0.00% | ||||||||||||
Internet Application Software - 0.00% | ||||||||||||
11/20/2020 | ||||||||||||
12,070,000 | 170 | $710 | Shopify, Inc., Class A | $ | 134,300 | |||||||
Total Canada (Proceeds $1,835,443) | $ | 134,300 | ||||||||||
Total Equity Put Options (Proceeds - $1,835,443) | $ | 134,300 | ||||||||||
Total Equity Options (Proceeds - $13,545,879) | $ | 16,974,170 | ||||||||||
Total Written Options (Proceeds - $13,545,879) | $ | 16,974,170 |
- 20 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)
Notional Amount | Maturity Date* | September 30, 2020 Unrealized Gain *** | ||||||||
Swap Contracts - 3.49% | ||||||||||
Total Return Swap Contracts - Unrealized Gain - 3.76% | ||||||||||
United States – 1.32% | ||||||||||
Private Equity - 0.31% | ||||||||||
$ | 17,585,939 | 6/3/2024 | The Carlyle Group, Inc. | $ | 4,284,211 | |||||
Agreement with Morgan Stanley, dated 11/16/2017 to receive the total return of the shares of The Carlyle Group, Inc. in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.73%**. | ||||||||||
23,064,444 | 6/3/2024 | KKR & Co., Inc., Class A | 6,746,801 | |||||||
Agreement with Morgan Stanley, dated 01/09/2017 to receive the total return of the shares of KKR & Co., Inc., Class A in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.54%**. | ||||||||||
11,031,012 | ||||||||||
Web Portals / ISP - 1.01% | ||||||||||
46,673,848 | 6/3/2024 | Alphabet, Inc., Class A | 35,046,072 | |||||||
Agreement with Morgan Stanley, dated 07/08/2011 to receive the total return of the shares of Alphabet Inc., Class A in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.45%**. | ||||||||||
Total United States | $ | 46,077,084 | ||||||||
Australia - 0.30% | ||||||||||
Commercial Banks - Non-US - 0.30% | ||||||||||
(12,813,730 | ) | 12/27/2024 | Australia and New Zealand Banking Group, Ltd. | 3,470,735 | ||||||
Agreement with Morgan Stanley, dated 08/26/2015 to deliver the total return of the shares of Australia and New Zealand Banking Group, Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
(8,927,610 | ) | 12/27/2024 | Bank of Queensland, Ltd. | 3,359,081 | ||||||
Agreement with Morgan Stanley, dated 06/20/2018 to deliver the total return of the shares of Bank of Queensland, Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.75%**. | ||||||||||
(14,795,355 | ) | 12/27/2024 | Westpac Banking Corp. | 3,373,411 | ||||||
Agreement with Morgan Stanley, dated 08/14/2015 to deliver the total return of the shares of Westpac Banking Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Total Australia | $ | 10,203,227 | ||||||||
Belgium – 0.01% | ||||||||||
Medical Drugs - 0.01% | ||||||||||
3,437,454 | 1/4/2024 | Galapagos NV | 249,118 | |||||||
Agreement with Morgan Stanley, dated 04/03/2019 to receive the total return of the shares of Galapagos NV - Sponsored ADR in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.65%**. | ||||||||||
Total Belgium | $ | 249,118 |
- 21 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited) (continued)
Notional Amount | Maturity Date* | September 30, 2020 Unrealized Gain *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Gain - (continued) | ||||||||||
Brazil – 0.89% | ||||||||||
Commercial Services / Finance - 0.09% | ||||||||||
$ | (4,622,849 | ) | 2/2/2021 | Cielo SA | $ | 3,102,731 | ||||
Agreement with Morgan Stanley, dated 02/12/2019 to deliver the total return of the shares of Cielo SA in exchange for interest based on the Daily Fed Funds Effective Rate less 4.00%**. | ||||||||||
Retail - Discount - 0.80% | ||||||||||
37,440,018 | 2/2/2021 | Magazine Luiza SA | 28,036,339 | |||||||
Agreement with Morgan Stanley, dated 07/02/2019 to receive the total return of the shares of Magazine Luiza SA in exchange for interest based on the Daily Fed Funds Effective Rate plus 1.00%**. | ||||||||||
Total Brazil | $ | 31,139,070 | ||||||||
China – 0.02% | ||||||||||
Applications Software - 0.02% | ||||||||||
28,223,212 | 7/14/2022 | Glodon Co., Ltd., Class A | 828,583 | |||||||
Agreement with Morgan Stanley, dated 07/01/2020 to receive the total return of the shares of Glodon Co., Ltd., Class A in exchange for interest based on the Daily Fed Funds Effective Rate plus 1.25%**. | ||||||||||
Total China | $ | 828,583 | ||||||||
Japan - 0.25% | ||||||||||
Electric - Integrated - 0.01% | ||||||||||
(1,122,315 | ) | 12/24/2024 | Tokyo Electric Power Co. Holdings, Inc. | 451,508 | ||||||
Agreement with Morgan Stanley, dated 02/17/2016 to deliver the total return of the shares of Tokyo Electric Power Co. Holdings, Inc. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Office Automation & Equipment - 0.22% | ||||||||||
(25,531,129 | ) | 12/24/2024 | Canon, Inc. | 5,304,966 | ||||||
Agreement with Morgan Stanley, dated 03/31/2020 to deliver the total return of the shares of Canon, Inc. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
(2,413,961 | ) | 12/24/2024 | Konica Minolta, Inc. | 879,672 | ||||||
Agreement with Morgan Stanley, dated 04/13/2011 to deliver the total return of the shares of Konica Minolta, Inc. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
(4,941,711 | ) | 12/24/2024 | Ricoh Co., Ltd. | 1,207,776 | ||||||
Agreement with Morgan Stanley, dated 05/24/2012 to deliver the total return of the shares of Ricoh Co., Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
7,392,414 |
- 22 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited) (continued)
Notional Amount | Maturity Date* | September 30, 2020 Unrealized Gain *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Gain - (continued) | ||||||||||
Japan – (continued) | ||||||||||
Photo Equipment & Supplies - 0.02% | ||||||||||
$ | (2,865,285 | ) | 12/24/2024 | Nikon Corp. | $ | 822,032 | ||||
Agreement with Morgan Stanley, dated 10/29/2013 to deliver the total return of the shares of Nikon Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.41%**. | ||||||||||
Total Japan | $ | 8,665,954 | ||||||||
Spain – 0.68% | ||||||||||
Building - Heavy Construction - 0.67% | ||||||||||
11,562,521 | 1/4/2024 | Cellnex Telecom SA | 23,480,346 | |||||||
Agreement with Morgan Stanley, dated 05/06/2015 to receive the total return of the shares of Cellnex Telecom SA in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.65%**. | ||||||||||
Food - Retail - 0.01% | ||||||||||
(202,836 | ) | 1/4/2024 | Distribuidora Internacional de Alimentacion SA | 142,481 | ||||||
Agreement with Morgan Stanley, dated 09/29/2014 to deliver the total return of the shares of Distribuidora Internacional de Alimentacion SA in exchange for interest based on the Daily Fed Funds Effective Rate less 18.31%**. | ||||||||||
Total Spain | $ | 23,622,827 | ||||||||
Switzerland - 0.02% | ||||||||||
Enterprise Software - Services - 0.02% | ||||||||||
(6,401,159 | ) | 12/14/2023 | Temenos AG | 576,408 | ||||||
Agreement with Morgan Stanley, dated 10/17/2019 to deliver the total return of the shares of Temenos AG in exchange for interest based on the Daily Fed Funds Effective Rate less 0.35%**. | ||||||||||
Total Switzerland | $ | 576,408 | ||||||||
Taiwan – 0.03% | ||||||||||
Computers - Peripheral Equipment - 0.03% | ||||||||||
(6,772,922 | ) | 1/25/2024 | Innolux Display Corp. | 1,117,161 | ||||||
Agreement with Morgan Stanley, dated 03/18/2010 to deliver the total return of the shares of Innolux Display Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.75%**. | ||||||||||
Total Taiwan | $ | 1,117,161 | ||||||||
United Kingdom – 0.24% | ||||||||||
Commercial Banks - Non-US - 0.00% | ||||||||||
(878,485 | ) | 12/14/2023 | Standard Chartered PLC | 101,461 | ||||||
Agreement with Morgan Stanley, dated 07/24/2020 to deliver the total return of the shares of Standard Charter PLC in exchange for interest based on the Daily Fed Funds Effective Rate less 0.30%**. |
- 23 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited) (continued)
Notional Amount | Maturity Date* | September 30, 2020 Unrealized Gain *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Gain - (continued) | ||||||||||
United Kingdom – (continued) | ||||||||||
Diversified Banking Institutions - 0.09% | ||||||||||
$ | (11,310,452 | ) | 12/14/2023 | HSBC Holdings PLC | $ | 2,981,466 | ||||
Agreement with Morgan Stanley, dated 03/12/2020 to deliver the total return of the shares of HSBC Holdings PLC in exchange for interest based on the Daily Fed Funds Effective Rate less 0.30%**. | ||||||||||
Retail - Major Department Store - 0.15% | ||||||||||
(8,327,037 | ) | 12/14/2023 | Marks & Spencer Group PLC | 5,321,061 | ||||||
Agreement with Morgan Stanley, dated 02/16/2016 to deliver the total return of the shares of Marks & Spencer Group PLC in exchange for interest based on the Daily Fed Funds Effective Rate less 0.30%**. | ||||||||||
Total United Kingdom | $ | 8,403,988 | ||||||||
Total Return Swap Contracts - Unrealized Gain**** | $ | 130,883,420 |
- 24 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited) (continued)
Notional Amount | Maturity Date* | September 30, 2020 Unrealized (Loss) *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Loss - (0.27%) | ||||||||||
Australia - (0.04%) | ||||||||||
Commercial Banks - Non-US - (0.04%) | ||||||||||
$ | (20,753,486 | ) | 12/27/2024 | Commonwealth Bank of Australia | $ | (1,413,582 | ) | |||
Agreement with Morgan Stanley, dated 02/24/2016 to deliver the total return of the shares of Commonwealth Bank of Australia in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Total Australia | $ | (1,413,582 | ) | |||||||
Brazil – (0.01%) | ||||||||||
Finance - Other Services - (0.01%) | ||||||||||
40,120,959 | 2/2/2021 | B3 SA-Brasil Bolsa Balcao | (395,392 | ) | ||||||
Agreement with Morgan Stanley, dated 01/30/2019 to receive the total return of the shares of B3 SA-Brasil Bolsa Balcao in exchange for interest based on the Daily Fed Funds Effective Rate plus 1.00%**. | ||||||||||
Total Brazil | $ | (395,392 | ) | |||||||
Denmark – (0.01%) | ||||||||||
Medical - Drugs - (0.01%) | ||||||||||
(3,813,967 | ) | 1/4/2024 | Novo Nordisk A/S, Class B | (162,509 | ) | |||||
Agreement with Morgan Stanley, dated 03/24/2017 to deliver the total return of the shares of Novo Nordisk A/S, Class B in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Total Denmark | $ | (162,509 | ) | |||||||
Japan – (0.00%) | ||||||||||
Electric Products - Miscellaneous - (0.00%) | ||||||||||
(614,712 | ) | 12/24/2024 | Casio Computer Co., Ltd. | (78,385 | ) | |||||
Agreement with Morgan Stanley, dated 05/15/2009 to deliver the total return of the shares of Casio Computer Co., Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Gas - Distribution - (0.00%) | ||||||||||
(4,602,510 | ) | 12/24/2024 | Osaka Gas Co., Ltd. | (43,588 | ) | |||||
Agreement with Morgan Stanley, dated 01/24/2017 to deliver the total return of the shares of Osaka Gas Co., Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Total Japan | $ | (121,973 | ) | |||||||
Taiwan – (0.20%) | ||||||||||
Electronic Components - Miscellaneous - (0.03%) | ||||||||||
(7,278,797 | ) | 1/25/2024 | AU Optronics Corp. | (909,169 | ) | |||||
Agreement with Morgan Stanley, dated 07/26/2012 to deliver the total return of the shares of AU Optronics Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 1.38%**. |
- 25 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited) (concluded)
Notional Amount | Maturity Date* | September 30, 2020 Unrealized (Loss) *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Loss - (continued) | ||||||||||
Taiwan – (continued) | ||||||||||
Semiconductor Components - Integrated Circuits - (0.17%) | ||||||||||
$ | (3,761,893 | ) | 1/25/2024 | United Microelectronics Corp. | $ | (6,009,898 | ) | |||
Agreement with Morgan Stanley, dated 08/08/2013 to deliver the total return of the shares of United Microelectronics Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.05%**. | ||||||||||
Total Taiwan | $ | (6,919,067 | ) | |||||||
United Kingdom – (0.01%) | ||||||||||
Retail - Apparel / Shoes - (0.01%) | ||||||||||
(3,756,274 | ) | 12/14/2023 | Next PLC | (268,185 | ) | |||||
Agreement with Morgan Stanley, dated 03/24/2016 to deliver the total return of the shares of Next PLC in exchange for interest based on the Daily Fed Funds Effective Rate less 0.30%**. | ||||||||||
Total United Kingdom | $ | (268,185 | ) | |||||||
Total Return Swap Contracts - Unrealized Loss***** | $ | (9,280,708 | ) | |||||||
Total Swap Contracts, net | $ | 121,602,712 |
* | Per the terms of the executted swap agreement, no periodic payments were made. A single payment is made upon the maturity of each swap contract. | |
** | Financing rate is variable. Rate indicated is as of September 30, 2020. | |
*** | The fair value of the Total Return Swap Contracts is the same as the unrealized gain/(loss). For this reason, fair value has not been separately shown. Additionally, there were no upfront payments or receipts related to any of the Total Return Swap Contracts. | |
**** | Includes all Total Return Swap Contracts in a gain position. The unrealized gain on these contracts are included as part of unrealized gain on Total Return Swap Contracts in the Statement of Assets, Liabilities and Members’ Capital. | |
***** | Includes all Total Return Swap Contracts in a loss position. The unrealized loss on these contracts are included as part of unrealized loss on Total Return Swap Contracts in the Statement of Assets, Liabilities and Members’ Capital. |
- 26 - |
The following is a summary of the inputs used, as of September 30, 2020, in valuing the Company’s investments at fair value
Assets: Valuation Inputs | Liabilities: Valuation Inputs | |||||||||
Level 1 - Quoted Prices | Level 1 - Quoted Prices | |||||||||
Investments in Securities | Securities Sold, Not Yet Purchased | |||||||||
Common Stock | $ | 3,806,093,863 | Common Stock | $ | 856,031,927 | |||||
Equity Options | 290,334,894 | Equity Options | 16,974,170 | |||||||
Level 2 - Other Significant | Level 2 - Other Significant | |||||||||
Observable Inputs | Observable Inputs | |||||||||
Total Return Swaps | 130,883,420 | Total Return Swaps | 9,280,708 | |||||||
Currency Options | 5,504,759 | Currency Options | - | |||||||
Level 3 - Other Significant | Level 3 - Other Significant | |||||||||
Unobservable Inputs | - | Unobservable Inputs | - | |||||||
Total | $ | 4,232,816,936 | Total | $ | 882,286,805 |
- 27 - |