Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)
Shares | September 30, 2021 Fair Value | |||||||||
Investments in Securities – 121.25% | ||||||||||
Common Stock – 121.25% | ||||||||||
United States – 94.48% | ||||||||||
Aerospace / Defense – 2.58% | ||||||||||
367,161 | Raytheon Technologies Corp. | (a) | $ | 31,561,160 | ||||||
96,971 | TransDigm Group, Inc.* | (a) | 60,565,177 | |||||||
92,126,337 | ||||||||||
Applications Software – 8.35% | ||||||||||
202,134 | Confluent, Inc., Class A* | 12,057,293 | ||||||||
123,542 | Elastic NV* | 18,406,523 | ||||||||
472,658 | Five9, Inc.* | (a) | 75,502,389 | |||||||
434,109 | Microsoft Corp. | (a) | 122,384,009 | |||||||
62,125 | Procore Technologies, Inc.* | 5,550,248 | ||||||||
286,955 | PTC, Inc.* | (a) | 34,374,339 | |||||||
432,339 | Smartsheet, Inc., Class A* | (a) | 29,753,570 | |||||||
298,028,371 | ||||||||||
Athletic Equipment – 1.09% | ||||||||||
446,285 | Peloton Interactive, Inc., Class A* | 38,849,109 | ||||||||
Building Products - Cement / Aggregate – 1.54% | ||||||||||
92,967 | Martin Marietta Materials, Inc. | 31,764,964 | ||||||||
137,586 | Vulcan Materials Co. | 23,274,048 | ||||||||
55,039,012 | ||||||||||
Coatings / Paint – 0.80% | ||||||||||
102,176 | The Sherwin-Williams Co. | 28,581,692 | ||||||||
Commercial Services – 2.13% | ||||||||||
60,917 | Cintas Corp. | (a) | 23,188,665 | |||||||
616,340 | CoStar Group, Inc.* | (a) | 53,042,221 | |||||||
76,230,886 | ||||||||||
Commercial Services - Finance – 5.48% | ||||||||||
65,935 | Equifax, Inc. | 16,709,247 | ||||||||
290,064 | Global Payments, Inc. | 45,708,285 | ||||||||
178,609 | PayPal Holdings, Inc.* | (a) | 46,475,848 | |||||||
91,752 | S&P Global, Inc. | (a) | 38,984,507 | |||||||
65,332 | Square, Inc., Class A* | 15,669,227 | ||||||||
286,721 | TransUnion | 32,201,636 | ||||||||
195,748,750 | ||||||||||
Communications Software – 3.49% | ||||||||||
754,046 | Avaya Holdings Corp.* | 14,922,570 | ||||||||
491,522 | RingCentral, Inc., Class A* | (a) | 106,906,035 | |||||||
10,956 | Zoom Video Communications, Inc., Class A* | 2,864,994 | ||||||||
124,693,599 |
- 1 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)(continued)
Shares | September 30, 2021 Fair Value | |||||||||
Common Stock – (continued) | ||||||||||
United States – (continued) | ||||||||||
Computer Aided Design – 8.30% | ||||||||||
94,469 | Altair Engineering, Inc.* | $ | 6,512,693 | |||||||
41,684 | ANSYS, Inc.* | 14,191,318 | ||||||||
59,931 | Aspen Technology, Inc.* | 7,359,527 | ||||||||
95,269 | Autodesk, Inc.* | 27,167,860 | ||||||||
705,539 | Cadence Design Systems, Inc.* | 106,846,826 | ||||||||
448,671 | Synopsys, Inc.* | (a) | 134,336,584 | |||||||
296,414,808 | ||||||||||
Computer Software – 3.27% | ||||||||||
393,498 | Dynatrace, Inc.* | 27,926,553 | ||||||||
209,003 | Twilio, Inc., Class A* | 66,682,407 | ||||||||
359,846 | ZoomInfo Technologies, Inc., Class A* | 22,018,977 | ||||||||
116,627,937 | ||||||||||
Computers – 1.21% | ||||||||||
304,675 | Apple, Inc. | (a) | 43,111,513 | |||||||
Consulting Services – 1.43% | ||||||||||
168,289 | Gartner, Inc.* | (a) | 51,139,661 | |||||||
Data Processing / Management – 0.15% | ||||||||||
20,551 | DocuSign, Inc.* | 5,290,444 | ||||||||
E-Commerce / Products – 3.69% | ||||||||||
40,115 | Amazon.com, Inc.* | (a) | 131,779,380 | |||||||
E-Commerce / Services – 5.92% | ||||||||||
244,940 | DoorDash, Inc., Class A* | (a) | 50,452,741 | |||||||
352,519 | Expedia Group, Inc.* | 57,777,864 | ||||||||
642,812 | Lyft, Inc., Class A* | (a) | 34,448,295 | |||||||
281,317 | Marqeta, Inc., Class A* | 6,222,732 | ||||||||
26,110 | Match Group, Inc.* | 4,099,009 | ||||||||
1,002,825 | Uber Technologies, Inc.* | 44,926,560 | ||||||||
151,196 | Zillow Group, Inc., Class C* | 13,326,416 | ||||||||
211,253,617 | ||||||||||
Energy - Alternate Sources – 0.05% | ||||||||||
79,839 | Stem, Inc.* | 1,907,354 | ||||||||
Enterprise Software / Services – 7.86% | ||||||||||
264,720 | Alteryx, Inc., Class A* | 19,351,032 | ||||||||
439,999 | Avalara, Inc.* | (a) | 76,898,625 | |||||||
112,999 | Ceridian HCM Holding, Inc.* | 12,725,947 | ||||||||
228,855 | Coupa Software, Inc.* | (a) | 50,160,439 |
- 2 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)(continued)
Shares | September 30, 2021 Fair Value | |||||||||
Common Stock – (continued) | ||||||||||
United States – (continued) | ||||||||||
Enterprise Software / Services – (continued) | ||||||||||
593,573 | Qualtrics International, Inc., Class A* | $ | 25,369,310 | |||||||
754,979 | SS&C Technologies Holdings, Inc. | (a) | 52,395,543 | |||||||
833,792 | UiPath, Inc., Class A* | 43,865,797 | ||||||||
280,766,693 | ||||||||||
Entertainment Software – 1.44% | ||||||||||
635,661 | Activision Blizzard, Inc. | (a) | 49,193,805 | |||||||
13,732 | Take-Two Interactive Software, Inc.* | 2,115,689 | ||||||||
51,309,494 | ||||||||||
Finance - Credit Card – 2.70% | ||||||||||
139,756 | Mastercard, Inc., Class A | (a) | 48,590,366 | |||||||
214,759 | Visa, Inc., Class A | (a) | 47,837,567 | |||||||
96,427,933 | ||||||||||
Finance - Other Services – 1.78% | ||||||||||
552,008 | Intercontinental Exchange Group, Inc. | (a) | 63,381,559 | |||||||
Human Resources – 0.58% | ||||||||||
73,833 | Paylocity Holding Corp.* | (a) | 20,702,773 | |||||||
Internet Application Software – 0.95% | ||||||||||
445,537 | Anaplan, Inc.* | 27,128,748 | ||||||||
28,514 | Okta, Inc.* | 6,767,513 | ||||||||
33,896,261 | ||||||||||
Internet Content - Entertainment – 5.13% | ||||||||||
413,785 | Facebook, Inc., Class A* | (a) | 140,434,491 | |||||||
70,100 | Netflix, Inc.* | (a) | 42,784,834 | |||||||
183,219,325 | ||||||||||
Medical - Biomedical / Genetics – 5.76% | ||||||||||
80,783 | 4D Molecular Therapeutics, Inc.* | 2,178,717 | ||||||||
169,037 | Acceleron Pharma, Inc.* | 29,091,268 | ||||||||
357,510 | Akero Therapeutics, Inc.* | 7,990,348 | ||||||||
175,798 | Allovir, Inc.* | 4,405,498 | ||||||||
53,694 | Alnylam Pharmaceuticals, Inc.* | 10,137,964 | ||||||||
85,658 | Applied Therapeutics, Inc.* | 1,421,923 | ||||||||
283,071 | Arena Pharmaceuticals, Inc.* | (a) | 16,856,878 | |||||||
142,524 | Avidity Biosciences, Inc.* | 3,510,366 | ||||||||
176,502 | Blueprint Medicines Corp.* | (a) | 18,146,171 | |||||||
168,000 | Caribou Biosciences, Inc.* | 4,010,160 | ||||||||
428,301 | Cerevel Therapeutics Holdings, Inc.* | 12,634,879 | ||||||||
540,664 | Certara, Inc.* | 17,895,978 | ||||||||
54,860 | Deciphera Pharmaceuticals, Inc.* | 1,864,143 | ||||||||
129,281 | IGM Biosciences, Inc.* | 8,501,519 |
- 3 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)(continued)
Shares | September 30, 2021 Fair Value | |||||||||
Common Stock – (continued) | ||||||||||
United States – (continued) | ||||||||||
Medical - Biomedical / Genetics – (continued) | ||||||||||
249,119 | Karyopharm Therapeutics, Inc.* | $ | 1,449,873 | |||||||
88,301 | Keros Therapeutics, Inc.* | 3,493,188 | ||||||||
282,545 | Mersana Therapeutics, Inc.* | 2,664,399 | ||||||||
75,388 | Recursion Pharmaceuticals, Inc.* | 1,734,678 | ||||||||
335,323 | Sema4 Holdings Corp.* | 2,545,102 | ||||||||
629,789 | TG Therapeutics, Inc.* | 20,959,378 | ||||||||
97,213 | Turning Point Therapeutics, Inc.* | 6,457,860 | ||||||||
308,124 | Ultragenyx Pharmaceutical, Inc.* | (a) | 27,789,703 | |||||||
205,739,993 | ||||||||||
Medical - Drugs – 0.30% | ||||||||||
33,629 | Morphic Holding, Inc.* | 1,904,746 | ||||||||
148,165 | ORIC Pharmaceuticals, Inc.* | 3,098,130 | ||||||||
191,790 | PMV Pharmaceuticals, Inc.* | 5,715,342 | ||||||||
10,718,218 | ||||||||||
Medical Information Systems – 0.07% | ||||||||||
48,838 | Schrodinger, Inc.* | 2,670,462 | ||||||||
Metal Processors & Fabrication – 0.04% | ||||||||||
24,228 | Xometry, Inc., Class A* | 1,397,229 | ||||||||
Networking Products – 0.05% | ||||||||||
280,190 | Airspan Networks Holdings, Inc.* | 1,871,669 | ||||||||
REITs - Diversified – 3.19% | ||||||||||
196,283 | American Tower Corp. | 52,095,471 | ||||||||
78,431 | Equinix, Inc. | 61,970,686 | ||||||||
114,066,157 | ||||||||||
Retail - Apparel / Shoes – 1.80% | ||||||||||
130,637 | Burlington Stores, Inc.* | (a) | 37,044,734 | |||||||
248,975 | Ross Stores, Inc. | (a) | 27,100,929 | |||||||
64,145,663 | ||||||||||
Retail - Building Products – 0.55% | ||||||||||
97,188 | Lowe’s Cos., Inc. | (a) | 19,715,558 | |||||||
Retail - Discount – 0.48% | ||||||||||
80,879 | Dollar General Corp. | (a) | 17,157,671 | |||||||
Retail - Major Department Store – 1.77% | ||||||||||
957,500 | The TJX Cos., Inc. | (a) | 63,175,850 |
- 4 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)(continued)
Shares | September 30, 2021 Fair Value | |||||||||
Common Stock – (continued) | ||||||||||
United States – (continued) | ||||||||||
Retail - Restaurants – 3.80% | ||||||||||
52,451 | Chipotle Mexican Grill, Inc.* | (a) | $ | 95,330,741 | ||||||
330,983 | Yum! Brands, Inc. | 40,482,531 | ||||||||
135,813,272 | ||||||||||
Semiconductor Components - Integrated Circuits – 1.77% | ||||||||||
376,805 | Analog Devices, Inc. | 63,107,301 | ||||||||
Semiconductor Equipment – 4.95% | ||||||||||
215,321 | KLA Corp. | (a) | 72,027,028 | |||||||
78,183 | Lam Research Corp. | (a) | 44,497,854 | |||||||
551,596 | Teradyne, Inc. | (a) | 60,217,735 | |||||||
176,742,617 | ||||||||||
Therapeutics – 0.03% | ||||||||||
12,345 | Sarepta Therapeutics, Inc.* | 1,141,666 | ||||||||
Total United States (Cost $2,171,044,553) | $ | 3,373,989,834 | ||||||||
Argentina – 2.75% | ||||||||||
E-Commerce / Services – 2.75% | ||||||||||
58,400 | MercadoLibre, Inc.* | 98,076,960 | ||||||||
Total Argentina (Cost $46,606,202) | $ | 98,076,960 | ||||||||
Australia – 1.73% | ||||||||||
Enterprise Software Services – 1.73% | ||||||||||
158,277 | Atlassian Corp. PLC, Class A* | 61,952,784 | ||||||||
Total Australia (Cost $36,710,316) | $ | 61,952,784 | ||||||||
Brazil – 0.77% | ||||||||||
Finance - Investment Banker / Broker – 0.77% | ||||||||||
685,265 | XP, Inc., Class A* | 27,527,095 | ||||||||
Total Brazil (Cost $18,748,436) | $ | 27,527,095 | ||||||||
Canada – 2.17% | ||||||||||
Internet Application Software – 2.17% | ||||||||||
57,077 | Shopify, Inc., Class A* | (a) | 77,383,855 | |||||||
Total Canada (Cost $30,022,361) | $ | 77,383,855 | ||||||||
China – 6.31% | ||||||||||
E-Commerce / Products – 1.64% | ||||||||||
107,060 | Alibaba Group Holding, Ltd. - Sponsored ADR* | 15,850,233 | ||||||||
573,221 | JD.com, Inc. - Sponsored ADR* | 41,409,485 | ||||||||
360,997 | Yatsen Holding, Ltd. - Sponsored ADR* | 1,375,399 | ||||||||
58,635,117 |
- 5 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)(continued)
Shares | September 30, 2021 Fair Value | |||||||||
Common Stock – (continued) | ||||||||||
China – (continued) | ||||||||||
E-Commerce / Services – 0.78% | ||||||||||
910,382 | Trip.com Group, Ltd. - Sponsored ADR* | $ | 27,994,246 | |||||||
Enterprise Software / Services – 0.24% | ||||||||||
2,443,447 | Ming Yuan Cloud Group Holdings, Ltd. | 8,474,764 | ||||||||
Entertainment Software – 0.57% | ||||||||||
110,873 | Bilibili, Inc. - Sponsored ADR* | 7,336,467 | ||||||||
152,013 | NetEase, Inc. - Sponsored ADR | 12,981,910 | ||||||||
20,318,377 | ||||||||||
Internet Content - Information / Networks – 1.59% | ||||||||||
1,795,800 | Meituan, Class B* | 56,886,858 | ||||||||
Medical - Biomedical / Genetics – 0.04% | ||||||||||
239,300 | Everest Medicines, Ltd.* | 1,512,407 | ||||||||
Real Estate Management / Services – 0.56% | ||||||||||
1,095,388 | KE Holdings, Inc. - Sponsored ADR* | 20,001,785 | ||||||||
Retail - Drug Stores – 0.15% | ||||||||||
532,700 | JD Health International, Inc.* | 5,139,058 | ||||||||
Schools – 0.19% | ||||||||||
3,242,177 | New Oriental Education & Technology Group, | |||||||||
Inc. - Sponsored ADR* | 6,646,463 | |||||||||
Transport - Services – 0.55% | ||||||||||
1,282,923 | Full Truck Alliance Co., Ltd. - Sponsored ADR* | 19,667,210 | ||||||||
Total China (Cost $206,050,997) | $ | 225,276,285 | ||||||||
France – 4.61% | ||||||||||
Aerospace / Defense - Equipment – 3.22% | ||||||||||
479,329 | Airbus SE* | 63,940,161 | ||||||||
402,680 | Safran SA | 51,176,785 | ||||||||
115,116,946 | ||||||||||
Apparel Manufacturers – 0.25% | ||||||||||
12,595 | Kering SA | 8,991,737 | ||||||||
Entertainment Software – 0.14% | ||||||||||
82,482 | Ubisoft Entertainment SA* | 4,959,340 | ||||||||
Textile - Apparel – 1.00% | ||||||||||
49,605 | LVMH Moet Hennessy Louis Vuitton SE | 35,649,372 | ||||||||
Total France (Cost $144,165,892) | $ | 164,717,395 |
- 6 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)(continued)
Shares | September 30, 2021 Fair Value | |||||||||
Common Stock – (continued) | ||||||||||
Germany – 1.75% | ||||||||||
Aerospace / Defense – 0.56% | ||||||||||
87,652 | MTU Aero Engines AG | $ | 19,849,569 | |||||||
Athletic Footwear – 1.19% | ||||||||||
135,518 | adidas AG | 42,688,524 | ||||||||
Total Germany (Cost $47,521,488) | $ | 62,538,093 | ||||||||
Hong Kong – 0.13% | ||||||||||
Retail - Drug Stores – 0.13% | ||||||||||
3,196,000 | Alibaba Health Information Technology, Ltd.* | 4,598,177 | ||||||||
Total Hong Kong (Cost $9,817,072) | $ | 4,598,177 | ||||||||
Israel – 0.24% | ||||||||||
Applications Software – 0.24% | ||||||||||
214,914 | JFrog, Ltd.* | 7,199,619 | ||||||||
53,725 | Riskified Ltd., Class A | 1,225,467 | ||||||||
8,425,086 | ||||||||||
Total Israel (Cost $13,104,779) | $ | 8,425,086 | ||||||||
Japan – 3.30% | ||||||||||
Audio / Video Products – 1.84% | ||||||||||
588,400 | Sony Group Corp.* | 65,682,474 | ||||||||
Finance - Other Services – 0.36% | ||||||||||
519,478 | Japan Exchange Group, Inc.* | 12,920,022 | ||||||||
Web Portals / ISP – 1.10% | ||||||||||
6,122,903 | Z Holdings Corp.* | 39,385,234 | ||||||||
Total Japan (Cost $67,818,538) | $ | 117,987,730 | ||||||||
Singapore – 1.44% | ||||||||||
E-Commerce / Products – 1.44% | ||||||||||
161,975 | Sea, Ltd. - Sponsored ADR* | 51,626,292 | ||||||||
Total Singapore (Cost $5,200,884) | $ | 51,626,292 | ||||||||
Taiwan – 1.25% | ||||||||||
Semiconductor Components - Integrated Circuits – 1.25% | ||||||||||
398,980 | Taiwan Semiconductor Manufacturing Co., Ltd. - | |||||||||
Sponsored ADR | 44,546,117 | |||||||||
Total Taiwan (Cost $30,627,897) | $ | 44,546,117 |
- 7 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)(concluded)
Shares | September 30, 2021 Fair Value | |||||||||
Common Stock – (continued) | ||||||||||
United Kingdom – 0.04% | ||||||||||
Applications Software – 0.04% | ||||||||||
67,372 | VTEX, Class A* | $ | 1,385,842 | |||||||
Total United Kingdom (Cost $1,461,304) | $ | 1,385,842 | ||||||||
Uruguay – 0.28% | ||||||||||
Commerical Services - Finance – 0.28% | ||||||||||
180,907 | Dlocal, Ltd.* | 9,870,286 | ||||||||
Total Uruguay (Cost $6,192,603) | $ | 9,870,286 | ||||||||
Total Common Stock (Cost $2,835,093,322) | $ | 4,329,901,831 | ||||||||
Total Investments (Cost $2,835,093,322) – 121.25% | $ | 4,329,901,831 | ||||||||
Total Purchased Options (Cost $231,730,551) - 4.61% | 164,649,974 | |||||||||
Total Securities Sold, Not Yet Purchased (Proceeds (Proceeds $927,350,425) - (25.78)% | (920,677,506 | ) | ||||||||
Total Written Options (Proceeds $25,482,814) - (0.58)% | (20,629,533 | ) | ||||||||
OtherAssets, in Excess of Liabilities - 0.50%** | 17,921,624 | |||||||||
Members’ Capital - 100.00% | $ | 3,571,166,390 | ||||||||
(a) | Partially or wholly held in a pledge account by the Custodian, the assets of which are pledged as collateral for securities sold, not yet purchased (see note 6). | |
* | Non-income producing security. | |
** | Includes $225,727,360 invested in U.S. Dollar Cash Reserve Account at the Bank of New York Mellon (the “Custodian”), which is 6.32% of Members’ Capital, and foreign currency with a U.S. Dollar Value of $7,628,600 held in Foreign Cash Account with the Custodian, which is 0.21% of Members’ Capital. $196,788,811 of those amounts is held as restricted cash and is in a segregated account with the Custodian, primarily as collateral for swap contracts, in each case as at September 30, 2021. | |
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, 2021 Fair Value | |||||||||||
Purchased Options – 4.61% | ||||||||||||||
Equity Options – 4.44% | ||||||||||||||
Equity Call Options – 2.69% | ||||||||||||||
United States – 1.97% | ||||||||||||||
Airlines - 0.10% | ||||||||||||||
11/19/2021 | ||||||||||||||
$ | 15,534,600 | 9,138 | $17 | American Airlines Group, Inc. | $ | 3,563,820 | ||||||||
Commercial Services - Finance - 0.18% | ||||||||||||||
1/21/2022 | ||||||||||||||
70,056,000 | 2,919 | $240 | Square, Inc., Class A | 6,450,990 | ||||||||||
Communications Software - 0.27% | ||||||||||||||
1/21/2022 | ||||||||||||||
6,517,000 | 343 | $190 | RingCentral, Inc., Class A | 1,241,660 | ||||||||||
4/14/2022 | ||||||||||||||
6,345,500 | 343 | $185 | RingCentral, Inc., Class A | 1,545,558 | ||||||||||
1/21/2022 | ||||||||||||||
27,962,000 | 1,271 | $220 | Zoom Video Communications Inc., Class A | 6,705,796 | ||||||||||
9,493,014 | ||||||||||||||
Computers - 0.00% | ||||||||||||||
11/19/2021 | ||||||||||||||
9,744,000 | 2,784 | $35 | HP, Inc. | 8,352 | ||||||||||
Cruise Lines - 0.02% | ||||||||||||||
11/19/2021 | ||||||||||||||
3,467,500 | 1,387 | $25 | Carnival Corp. | 262,143 | ||||||||||
1/21/2022 | ||||||||||||||
3,427,500 | 1,371 | $25 | Carnival Corp. | 368,799 | ||||||||||
630,942 | ||||||||||||||
Data Processing / Management - 0.23% | ||||||||||||||
11/19/2021 | ||||||||||||||
27,700,000 | 1,385 | $200 | DocuSign, Inc. | 8,053,775 | ||||||||||
E-Commerce / Services - 0.30% | ||||||||||||||
12/17/2021 | ||||||||||||||
79,980,000 | 372 | $2,150 | Booking Holdings, Inc. | 10,497,840 | ||||||||||
10/15/2021 | ||||||||||||||
6,987,750 | 1,331 | $52.50 | Lyft, Inc., Class A | 344,729 | ||||||||||
10,842,569 | ||||||||||||||
Electronic Components - Semiconductors - 0.12% | ||||||||||||||
11/19/2021 | ||||||||||||||
18,011,500 | 2,119 | $85 | Advanced Micro Devices, Inc. | 4,290,975 | ||||||||||
Food - Miscellaneous / Diversified - 0.00% | ||||||||||||||
10/15/2021 | ||||||||||||||
9,048,000 | 1,392 | $65 | General Mills, Inc. | 6,960 | ||||||||||
1/21/2022 | ||||||||||||||
9,443,250 | 1,399 | $67.50 | General Mills, Inc. | 34,975 | ||||||||||
41,935 | ||||||||||||||
Hotels & Motels - 0.22% | ||||||||||||||
10/15/2021 | ||||||||||||||
38,665,000 | 3,515 | $110 | Hilton Worldwide Holdings, Inc. | 7,768,150 |
- 9 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Purchased Options (Unaudited)(continued)
Notional Amount (USD) | Contracts | Expiration Date Strike Price | September 30, 2021 Fair Value | |||||||||||
Purchased Options – (continued) | ||||||||||||||
Equity Options – (continued) | ||||||||||||||
Equity Call Options – (continued) | ||||||||||||||
United States – (continued) | ||||||||||||||
Internet Content - Entertainment - 0.26% | ||||||||||||||
12/17/2021 | ||||||||||||||
$ | 46,144,000 | 1,442 | $320 | Facebook, Inc., Class A | $ | 4,902,800 | ||||||||
1/21/2022 | ||||||||||||||
28,546,000 | 4,078 | $70 | Snap, Inc. | 4,322,680 | ||||||||||
9,225,480 | ||||||||||||||
Multimedia - 0.10% | ||||||||||||||
3/18/2022 | ||||||||||||||
31,792,000 | 1,987 | $160 | The Walt Disney Co. | 3,536,860 | ||||||||||
Web Portals / ISP - 0.17% | ||||||||||||||
12/17/2021 | ||||||||||||||
58,750,000 | 235 | $2,500 | Alphabet, Inc., Class A | 6,204,000 | ||||||||||
Total United States (Cost $84,521,661) | $ | 70,110,862 | ||||||||||||
Australia - 0.42% | ||||||||||||||
Enterprise Software / Services - 0.42% | ||||||||||||||
12/17/2021 | ||||||||||||||
36,624,000 | 1,308 | $280 | Atlassian Corp. PLC, Class A | 15,042,000 | ||||||||||
Total Australia (Cost $8,823,815) | $ | 15,042,000 | ||||||||||||
Canada - 0.24% | ||||||||||||||
Internet Application Software - 0.24% | ||||||||||||||
10/15/2021 | ||||||||||||||
30,870,000 | 245 | $1,260 | Shopify, Inc., Class A | 2,621,500 | ||||||||||
1/21/2022 | ||||||||||||||
49,660,000 | 382 | $1,300 | Shopify, Inc., Class A | 6,089,080 | ||||||||||
Total Canada (Cost $16,303,405) | $ | 8,710,580 | ||||||||||||
China - 0.06% | ||||||||||||||
E-Commerce / Products - 0.06% | ||||||||||||||
10/15/2021 | ||||||||||||||
11,812,500 | 1,750 | $67.50 | JD.com, Inc. - Sponsored ADR | 1,041,250 | ||||||||||
12/17/2021 | ||||||||||||||
15,450,000 | 2,060 | $75 | JD.com, Inc. - Sponsored ADR | 1,030,000 | ||||||||||
Total China (Cost $3,996,379) | $ | 2,071,250 | ||||||||||||
Total Equity Call Options (Cost $113,645,260) | $ | 95,934,692 |
- 10 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Purchased Options (Unaudited)(concluded)
Notional Amount (USD) | Contracts | Expiration Date Strike Price | September 30, 2021 Fair Value | |||||||||||
Purchased Options – (continued) | ||||||||||||||
Equity Options – (continued) | ||||||||||||||
Equity Put Options - 1.75% | ||||||||||||||
United States - 1.75% | ||||||||||||||
Growth & Income - Large Cap - 0.57% | ||||||||||||||
12/17/2021 | ||||||||||||||
$ | 763,384,000 | 20,632 | $370 | SPDR S&P 500 ETF Trust | $ | 8,108,376 | ||||||||
3/18/2022 | ||||||||||||||
346,538,600 | 8,707 | $398 | SPDR S&P 500 ETF Trust | 12,242,042 | ||||||||||
20,350,418 | ||||||||||||||
Sector Fund - Technology - 1.18% | ||||||||||||||
12/17/2021 | ||||||||||||||
666,387,900 | 21,993 | $303 | Invesco QQQ Trust Series 1 | 8,467,305 | ||||||||||
3/18/2022 | ||||||||||||||
1,067,094,000 | 33,876 | $315 | Invesco QQQ Trust Series 1 | 33,808,248 | ||||||||||
42,275,553 | ||||||||||||||
Total United States (Cost $107,739,511) | $ | 62,625,971 | ||||||||||||
Total Equity Put Options (Cost $107,739,511) | $ | 62,625,971 | ||||||||||||
Total Equity Options (Cost $221,384,771) | $ | 158,560,663 | ||||||||||||
Currency Put Options - 0.17% | ||||||||||||||
United States - 0.17% | ||||||||||||||
10/15/2021 | ||||||||||||||
20,232,557,865 | 34,585,569 | $5.85 | USD-BRL | 26,253 | ||||||||||
12/17/2021 | ||||||||||||||
96,295,572,800 | 171,956,380 | $5.60 | USD-BRL | 4,209,674 | ||||||||||
6/17/2022 | ||||||||||||||
19,961,110,845 | 34,121,557 | $5.85 | USD-BRL | 1,728,983 | ||||||||||
12/17/2021 | ||||||||||||||
104,080,971,720 | 150,841,988 | $6.90 | USD-CNH | 50,984 | ||||||||||
3/18/2022 | ||||||||||||||
23,470,847,490 | 34,015,721 | $6.90 | USD-CNH | 73,417 | ||||||||||
Total United States (Cost $10,345,780) | $ | 6,089,311 | ||||||||||||
Total Currency Put Options (Cost $10,345,780) | $ | 6,089,311 | ||||||||||||
Total Purchased Options (Cost $231,730,551) | $ | 164,649,974 |
BRL | Brazilian Real | |||||||||||||
CNH | Chinese Renminbi Yuan | |||||||||||||
ETF | Exchange-Traded Fund | |||||||||||||
SPDR | Standard & Poor’s Depository Receipt | |||||||||||||
USD | United States Dollar |
- 11 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited)
Shares | September 30, 2021 Fair Value | ||||||||
Securities Sold, Not Yet Purchased – 25.78% | |||||||||
Common Stock – 25.78% | |||||||||
United States – 20.37% | |||||||||
Advertising Agencies – 0.50% | |||||||||
201,270 | Omnicom Group, Inc. | $ | 14,584,024 | ||||||
90,569 | The Interpublic Group of Cos., Inc. | 3,321,165 | |||||||
17,905,189 | |||||||||
Airlines – 0.43% | |||||||||
743,461 | American Airlines Group, Inc.* | 15,255,820 | |||||||
Apparel Manufacturers – 0.41% | |||||||||
854,424 | Hanesbrands, Inc. | 14,661,916 | |||||||
Applications Software – 0.05% | |||||||||
134,631 | N-Able Inc.* | 1,670,771 | |||||||
Beverages - Non-Alcoholic – 0.13% | |||||||||
91,862 | The Coca-Cola Co. | 4,819,999 | |||||||
Broadcasting Services / Programming – 0.15% | |||||||||
135,087 | Fox Corp., Class A | 5,418,340 | |||||||
Cable / Satellite Television – 0.06% | |||||||||
2,903 | Charter Communications, Inc., Class A* | 2,112,107 | |||||||
Commercial Services – 0.18% | |||||||||
339,828 | Nielsen Holdings PLC | 6,521,299 | |||||||
Commercial Services - Finance – 0.20% | |||||||||
280,602 | H&R Block, Inc. | 7,015,050 | |||||||
Computer Data Security – 0.42% | |||||||||
135,439 | Qualys, Inc.* | 15,073,006 | |||||||
Computer Software – 0.72% | |||||||||
27,801 | Bandwidth Inc., Class A* | 2,509,874 | |||||||
215,142 | Fastly, Inc., Class A* | 8,700,342 | |||||||
138,758 | SolarWinds Corp. | 2,321,421 |
- 12 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited)(continued)
Shares | September 30, 2021 Fair Value | ||||||||
Common Stock – (continued) | |||||||||
United States – (continued) | |||||||||
Computer Software – (continued) | |||||||||
211,576 | Teradata Corp.* | $ | 12,133,884 | ||||||
25,665,521 | |||||||||
Computers – 0.36% | |||||||||
432,284 | HP, Inc. | 11,827,290 | |||||||
87,096 | Hewlett Packard Enterprise Co. | 1,241,118 | |||||||
13,068,408 | |||||||||
Consumer Products - Miscellaneous – 0.61% | |||||||||
164,941 | Kimberly-Clark Corp. | 21,844,786 | |||||||
Cosmetics & Toiletries – 0.42% | |||||||||
68,726 | Colgate-Palmolive Co. | 5,194,311 | |||||||
68,725 | The Procter & Gamble Co. | 9,607,755 | |||||||
14,802,066 | |||||||||
Cruise Lines – 0.11% | |||||||||
158,111 | Carnival Corp.* | 3,954,356 | |||||||
Diversified Banking Institution – 0.66% | |||||||||
554,822 | Bank of America Corp. | 23,552,194 | |||||||
E-Commerce / Services – 0.05% | |||||||||
52,021 | TripAdvisor, Inc. | 1,760,911 | |||||||
Electric - Distribution – 0.24% | |||||||||
120,338 | Consolidated Edison, Inc. | 8,735,335 | |||||||
Electric - Integrated – 0.50% | |||||||||
87,167 | Duke Energy Corp. | 8,506,628 | |||||||
151,196 | The Southern Co. | 9,369,616 | |||||||
17,876,244 | |||||||||
Electronic Components - Semiconductors – 2.17% | |||||||||
610,467 | Intel Corp. | 32,525,682 | |||||||
234,759 | Texas Instruments, Inc. | 45,123,027 | |||||||
77,648,709 |
- 13 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited)(continued)
Shares | September 30, 2021 Fair Value | |||||||||
Common Stock – (continued) | ||||||||||
United States – (continued) | ||||||||||
Enterprise Software / Services – 0.51% | ||||||||||
87,013 | New Relic, Inc.* | $ | 6,244,923 | |||||||
137,401 | Oracle Corp. | 11,971,749 | ||||||||
18,216,672 | ||||||||||
Finance - Credit Card – 0.30% | ||||||||||
530,372 | The Western Union Co. | 10,724,122 | ||||||||
Financial Services – 0.18% | ||||||||||
96,735 | SPDR S&P Regional Banking ETF | 6,553,796 | ||||||||
Food - Confectionery – 0.11% | ||||||||||
32,956 | The J.M. Smucker Co. | 3,955,709 | ||||||||
Food - Miscellaneous / Diversified – 1.67% | ||||||||||
330,283 | Campbell Soup Co. | 13,809,132 | ||||||||
281,658 | Conagra Brands, Inc. | 9,539,757 | ||||||||
272,388 | General Mills, Inc. | 16,294,250 | ||||||||
305,602 | Kellogg Co. | 19,534,080 | ||||||||
59,177,219 | ||||||||||
Internet Application Software – 0.31% | ||||||||||
96,215 | Zendesk, Inc.* | 11,198,464 | ||||||||
Investment Management / Advisory Services – 1.07% | ||||||||||
386,592 | Franklin Resources, Inc. | 11,489,514 | ||||||||
135,837 | T Rowe Price Group, Inc. | 26,719,138 | ||||||||
38,208,652 | ||||||||||
Medical - Biomedical / Genetics – 0.39% | ||||||||||
65,795 | Amgen, Inc. | 13,991,307 | ||||||||
Motorcycle / Motor Scooter – 0.08% | ||||||||||
76,299 | Harley-Davidson, Inc. | 2,793,306 | ||||||||
Real Estate Management / Services – 0.14% | ||||||||||
278,977 | Realogy Holdings Corp.* | 4,893,257 |
-14 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited)(continued)
Shares | September 30, 2021 Fair Value | ||||||||
Common Stock – (continued) | |||||||||
United States – (continued) | |||||||||
REITs - Apartments – 1.03% | |||||||||
34,901 | AvalonBay Communities, Inc. | $ | 7,735,458 | ||||||
69,815 | Equity Residential | 5,649,430 | |||||||
49,024 | Essex Property Trust, Inc. | 15,674,934 | |||||||
142,718 | UDR, Inc. | 7,561,199 | |||||||
36,621,021 | |||||||||
REITs - Health Care – 0.62% | |||||||||
334,127 | Ventas, Inc. | 18,447,152 | |||||||
43,906 | Welltower, Inc. | 3,617,854 | |||||||
22,065,006 | |||||||||
REITs - Office Property – 1.66% | |||||||||
42,346 | Boston Properties, Inc. | 4,588,189 | |||||||
223,914 | Brandywine Realty Trust | 3,004,926 | |||||||
268,994 | Douglas Emmett, Inc. | 8,502,900 | |||||||
173,996 | Hudson Pacific Properties, Inc. | 4,570,875 | |||||||
179,289 | Kilroy Realty Corp. | 11,870,725 | |||||||
137,945 | Mack-Cali Realty Corp.* | 2,361,618 | |||||||
141,757 | SL Green Realty Corp. | 10,042,066 | |||||||
337,456 | Vornado Realty Trust | 14,176,527 | |||||||
59,117,826 | |||||||||
REITs - Regional Malls – 0.25% | |||||||||
68,016 | Simon Property Group, Inc. | 8,840,040 | |||||||
REITs - Shopping Centers – 0.80% | |||||||||
112,460 | Brixmor Property Group, Inc. | 2,486,490 | |||||||
78,338 | Federal Realty Investment Trust | 9,243,101 | |||||||
377,903 | Kimco Realty Corp. | 7,841,487 | |||||||
101,233 | Regency Centers Corp. | 6,816,018 | |||||||
125,235 | Urban Edge Properties | 2,293,053 | |||||||
28,680,149 | |||||||||
Retail - Apparel / Shoes – 0.02% | |||||||||
163,579 | Chico’s FAS, Inc.* | 734,470 | |||||||
Retail - Bedding – 0.02% | |||||||||
40,338 | Bed, Bath & Beyond, Inc.* | 696,839 |
- 15 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited)(continued)
Shares | September 30, 2021 Fair Value | ||||||||
Common Stock – (continued) | |||||||||
United States – (continued) | |||||||||
Retail - Major Department Store – 0.34% | |||||||||
459,064 | Nordstrom, Inc.* | $ | 12,142,243 | ||||||
Retail - Miscellaneous / Diversified – 0.22% | |||||||||
464,342 | Sally Beauty Holdings, Inc.* | 7,824,163 | |||||||
Retail - Regional Department Stores – 0.57% | |||||||||
284,157 | Kohl’s Corp. | 13,380,953 | |||||||
321,023 | Macy’s, Inc. | 7,255,120 | |||||||
20,636,073 | |||||||||
Sector Fund - Energy – 0.06% | |||||||||
42,285 | Energy Select Sector SPDR Fund | 2,202,626 | |||||||
Sector Fund - Technology – 0.36% | |||||||||
50,094 | VanEck Semiconductor ETF* | 12,837,589 | |||||||
Telecom Equipment Fiber Optics – 0.39% | |||||||||
381,440 | Corning, Inc. | 13,918,745 | |||||||
Telephone - Integrated – 0.90% | |||||||||
634,457 | AT&T, Inc. | 17,136,683 | |||||||
278,372 | Verizon Communications, Inc. | 15,034,872 | |||||||
32,171,555 | |||||||||
Total United States (Proceeds $718,988,601) | $ | 727,562,876 | |||||||
Brazil – 0.09% | |||||||||
Commercial Services - Finance – 0.09% | |||||||||
91,686 | StoneCo, Ltd., Class A* | 3,183,338 | |||||||
Total Brazil (Proceeds $5,903,660) | $ | 3,183,338 | |||||||
Canada – 0.15% | |||||||||
Medical - Drugs – 0.04% | |||||||||
119,496 | Canopy Growth Corp.* | 1,655,990 |
- 16 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited)(continued)
Shares | September 30, 2021 Fair Value | ||||||||
Common Stock – (continued) | |||||||||
Canada – (continued) | |||||||||
Private Equity – 0.11% | |||||||||
75,921 | Brookfield Asset Management, Inc., Class A | $ | 4,062,533 | ||||||
Total Canada (Proceeds $5,565,047) | $ | 5,718,523 | |||||||
China – 0.86% | |||||||||
Computer Software – 0.04% | |||||||||
152,576 | Tuya, Inc.* | 1,383,864 | |||||||
Computers – 0.03% | |||||||||
832,000 | Lenovo Group, Ltd. | 894,560 | |||||||
E-Commerce / Products – 0.18% | |||||||||
69,503 | Pinduoduo, Inc. - Sponsored ADR* | 6,301,837 | |||||||
Entertainment Software – 0.01% | |||||||||
63,462 | Huya, Inc. - Sponsored ADR* | 529,273 | |||||||
Internet Content - Entertainment – 0.08% | |||||||||
73,391 | Tencent Music Entertainment Group - | ||||||||
Sponsored ADR* | 532,085 | ||||||||
55,014 | Weibo Corp. - Sponsored ADR* | 2,612,615 | |||||||
3,144,700 | |||||||||
Metal - Aluminum – 0.03% | |||||||||
4,170,000 | China Zhongwang Holdings, Ltd. | 899,925 | |||||||
Retail - Drug Stores – 0.02% | |||||||||
106,400 | Ping An Healthcare and Technology Co., Ltd.* | 691,597 | |||||||
Wireless Equipment – 0.47% | |||||||||
6,056,400 | Xiaomi Corp., Class B* | 16,610,142 | |||||||
Total China (Proceeds $35,871,182) | $ | 30,455,898 | |||||||
France – 0.49% | |||||||||
Advertising Services – 0.42% | |||||||||
221,780 | Publicis Groupe SA | 14,974,680 |
- 17 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited)(continued)
Shares | September 30, 2021 Fair Value | ||||||||
Common Stock – (continued) | |||||||||
France – (continued) | |||||||||
REITs - Regional Malls – 0.07% | |||||||||
112,487 | Klepierre SA | $ | 2,534,331 | ||||||
Total France (Proceeds $14,953,802) | $ | 17,509,011 | |||||||
Germany – 1.13% | |||||||||
Auto - Cars / Light Trucks – 0.68% | |||||||||
151,401 | Bayerische Motoren Werke AG | 14,521,582 | |||||||
109,961 | Daimler AG | 9,777,143 | |||||||
24,298,725 | |||||||||
Enterprise Software / Services – 0.45% | |||||||||
117,476 | Sap SE | 15,913,073 | |||||||
Total Germany (Proceeds $41,064,909) | $ | 40,211,798 | |||||||
Hong Kong – 0.34% | |||||||||
Electric - Integrated – 0.28% | |||||||||
107,000 | CLP Holdings, Ltd. | 1,030,875 | |||||||
1,531,000 | Power Assets Holdings, Ltd. | 9,007,444 | |||||||
10,038,319 | |||||||||
Real Estate Operations / Development – 0.06% | |||||||||
169,500 | Sun Hung Kai Properties, Ltd. | 2,120,750 | |||||||
Total Hong Kong (Proceeds $15,232,528) | $ | 12,159,069 | |||||||
Israel – 1.01% | |||||||||
Computer Data Security – 0.72% | |||||||||
227,842 | Check Point Software Technologies, Ltd.* | 25,755,259 | |||||||
E-Commerce / Services – 0.14% | |||||||||
27,801 | Fiverr International, Ltd.* | 5,078,687 | |||||||
Internet Application Software – 0.15% | |||||||||
27,801 | Wix.com, Ltd.* | 5,448,162 | |||||||
Total Israel (Proceeds $37,528,682) | $ | 36,282,108 | |||||||
Japan – 0.37% | |||||||||
Auto - Cars / Light Trucks – 0.04% | |||||||||
8,322 | Toyota Motor Corp. - Sponsored ADR* | 1,479,236 |
- 18 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Securities Sold, Not Yet Purchased (Unaudited)(concluded)
Shares | September 30, 2021 Fair Value | ||||||||
Common Stock – (continued) | |||||||||
Japan – (continued) | |||||||||
Building Products - Air & Heating – 0.29% | |||||||||
46,700 | Daikin Industries, Ltd.* | $ | 10,237,795 | ||||||
Gas - Distribution – 0.02% | |||||||||
30,200 | Tokyo Gas Co., Ltd.* | 562,723 | |||||||
Office Automation & Equipment – 0.02% | |||||||||
43,900 | Seiko Epson Corp.* | 888,820 | |||||||
Total Japan (Proceeds $14,661,884) | $ | 13,168,574 | |||||||
Netherlands – 0.76% | |||||||||
Semiconductor Components - Integrated | |||||||||
Circuits – 0.76% | |||||||||
138,332 | NXP Semiconductor NV | 27,095,089 | |||||||
Total Netherlands (Proceeds $28,966,958) | $ | 27,095,089 | |||||||
Switzerland – 0.13% | |||||||||
Medical - Drugs – 0.13% | |||||||||
55,482 | Novartis AG - Sponsored ADR | 4,537,318 | |||||||
Total Switzerland (Proceeds $4,792,291) | $ | 4,537,318 | |||||||
United Kingdom – 0.08% | |||||||||
Diversified Banking Instiutiions – 0.08% | |||||||||
531,125 | HSBC Holdings, PLC | 2,793,904 | |||||||
Total United Kingdom (Proceeds $3,820,881) | $ | 2,793,904 | |||||||
Total Securities Sold, Not Yet Purchased (Proceeds $927,350,425) | $ | 920,677,506 |
* | 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, 2021 Fair Value | |||||||||||
Written Options – 0.58% | ||||||||||||||
Equity Options – 0.58% | ||||||||||||||
Equity Call Options – 0.58% | ||||||||||||||
United States – 0.58% | ||||||||||||||
Sector Fund - Technology - 0.58% | ||||||||||||||
11/19/2021 | ||||||||||||||
$ | 217,932,000 | 5,588 | $390 | iShares Expanded Technology-Software Sector ETF* | $ | 11,790,680 | ||||||||
11/19/2021 | ||||||||||||||
63,940,000 | 2,780 | $230 | VanEck Vectors Semiconductor ETF* | 8,812,600 | ||||||||||
20,603,280 | ||||||||||||||
Total United States (Proceeds $25,441,380) | $ | 20,603,280 | ||||||||||||
Total Equity Call Options (Proceeds - $25,441,380) | $ | 20,603,280 | ||||||||||||
Total Equity Options (Proceeds - $25,441,380) | $ | 20,603,280 | ||||||||||||
Currency Put Options - 0.00% | ||||||||||||||
United States - 0.00% | ||||||||||||||
10/15/2021 | ||||||||||||||
20,232,557,865 | 34,585,569 | $5.85 | USD-BRL | 26,253 | ||||||||||
Total United States (Cost $41,434) | $ | 26,253 | ||||||||||||
Total Currency Put Options (Cost $41,434) | $ | 26,253 | ||||||||||||
Total Written Options (Proceeds - $25,482,814) | $ | 20,629,533 |
* | Counterparty to all written options is Morgan Stanley |
ETF | Exchange Traded Fund |
- 20 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)
Notional Amount | Maturity Date* | September 30, 2021 Unrealized Gain *** | ||||||||
Swap Contracts - 3.21% | ||||||||||
Total Return Swap Contracts - Unrealized Gain - 4.57% | ||||||||||
United States – 3.55% | ||||||||||
Private Equity - 0.64% | ||||||||||
$ | 27,614,778 | 6/3/2024 | The Carlyle Group, Inc. | $ | 22,848,853 | |||||
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 0.63%**. | ||||||||||
Web Portals / ISP - 2.91% | ||||||||||
46,673,848 | 6/3/2024 | Alphabet, Inc., Class A | 103,924,441 | |||||||
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 | $ | 126,773,294 | ||||||||
Brazil – 0.27% | ||||||||||
Commercial Services / Finance - 0.10% | ||||||||||
(4,622,849 | ) | 2/2/2022 | Cielo SA | 3,530,394 | ||||||
Agreement with Morgan Stanley, dated 02/12/2019 to deliver the total return of the shares of Cielo SA in exchange for interest based on the Daily Fed Funds Effective Rate less 1.00%**. | ||||||||||
Retail - Discount - 0.17% | ||||||||||
33,944,328 | 2/2/2022 | Magazine Luiza SA | 6,045,596 | |||||||
Agreement with Morgan Stanley, dated 07/02/2019 to receive the total return of the shares of Magazine Luiza SA in exchange for interest based on the Daily Fed Funds Effective Rate plus 1.00%**. | ||||||||||
Total Brazil | $ | 9,575,990 | ||||||||
India – 0.01% | ||||||||||
E-Commerce / Services - 0.01% | ||||||||||
942,170 | 7/18/2023 | Zomato, Ltd. | 404,570 | |||||||
Agreement with Morgan Stanley, dated 07/13/2021 to receive the total return of the shares of Zomato, Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate plus 2.00%**. | ||||||||||
Total India | $ | 404,570 | ||||||||
Japan - 0.04% | ||||||||||
Advertising Services - 0.00% | ||||||||||
(7,955,468 | ) | 12/24/2024 | Dentsu Group, Inc. | 125,993 | ||||||
Agreement with Morgan Stanley, dated 09/13/2021 to deliver the total return of the shares of Dentsu Group, Inc., in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. |
- 21 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)(continued)
Notional Amount | Maturity Date* | September 30, 2021 Unrealized Gain *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Gain - (continued) | ||||||||||
Japan – (continued) | ||||||||||
E-Commerce / Products - 0.02% | ||||||||||
$ | (5,116,060 | ) | 12/24/2024 | Rakuten Group, Inc. | $ | 602,255 | ||||
Agreement with Morgan Stanley, dated 08/16/2021 to deliver the total return of the shares of Rakuten Group, Inc. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Electric - Integrated - 0.02% | ||||||||||
(2,856,508 | ) | 12/24/2024 | Chubu Electric Power Co., Inc. | 2,048 | ||||||
Agreement with Morgan Stanley, dated 07/28/2021 to deliver the total return of the shares of Chubu Electric Power Co., Inc. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
(9,491,378 | ) | 12/24/2024 | Tokyo Electric Power Co. Holdings, Inc. | 690,583 | ||||||
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%**. | ||||||||||
692,631 | ||||||||||
Industrial Automation / Robot - 0.00% | ||||||||||
(5,549,581 | ) | 12/24/2024 | Yaskawa Electric Corp. | 186,909 | ||||||
Agreement with Morgan Stanley, dated 09/27/2021 to deliver the total return of the shares of Yaskawa Electric Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Total Japan | $ | 1,607,788 | ||||||||
South Korea – 0.01% | ||||||||||
Electronic Components - Miscellaneous - 0.01% | ||||||||||
(2,925,499 | ) | 8/14/2023 | LG Display Co., Ltd. | 307,611 | ||||||
Agreement with Morgan Stanley, dated 08/09/2021 to deliver the total return of the shares of LG Display Co., Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 14.00%**. | ||||||||||
Total South Korea | $ | 307,611 | ||||||||
Spain – 0.61% | ||||||||||
Building - Heavy Construction - 0.60% | ||||||||||
8,809,647 | 1/4/2024 | Cellnex Telecom SA | 21,450,740 | |||||||
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%**. |
- 22 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)(continued)
Notional Amount | Maturity Date* | September 30, 2021 Unrealized Gain *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Gain - (continued) | ||||||||||
Spain – (continued) | ||||||||||
Food - Retail - 0.01% | ||||||||||
$ | (252,450 | ) | 1/4/2024 | Distribuidora Internacional de Alimentacion SA | $ | 180,074 | ||||
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 26.00%**. | ||||||||||
Total Spain | $ | 21,630,814 | ||||||||
Switerzland – 0.01% | ||||||||||
Enterprise Software / Services - 0.01% | ||||||||||
(7,743,982 | ) | 12/14/2023 | Temenos AG | 295,131 | ||||||
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 Switerzland | $ | 295,131 | ||||||||
United Kingdom – 0.07% | ||||||||||
Cosmetics & Toiletries - 0.01% | ||||||||||
(8,869,805 | ) | 1/4/2024 | Unilever PLC | 242,311 | ||||||
Agreement with Morgan Stanley, dated 12/23/2019 to deliver the total return of the shares of Unilever PLC in exchange for interest based on the Daily Fed Funds Effective Rate less 0.35%**. | ||||||||||
Diversified Banking Institutions - 0.00% | ||||||||||
(7,082,154 | ) | 12/14/2023 | HSBC Holdings PLC | 71,358 | ||||||
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%**. | ||||||||||
Food - Retail - 0.06% | ||||||||||
(4,541,361 | ) | 12/14/2023 | Marks & Spencer Group PLC | 2,134,557 | ||||||
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 | $ | 2,448,226 | ||||||||
Total Return Swap Contracts - Unrealized Gain**** | $ | 163,043,424 |
- 23 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)(continued)
Notional Amount | Maturity Date* | September 30, 2021 Unrealized (Loss) *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Loss - (1.36%) | ||||||||||
Australia - (0.31%) | ||||||||||
Commercial Banks - Non-US - (0.31%) | ||||||||||
$ | (12,813,730 | ) | 12/27/2024 | Australia and New Zealand Banking Group, Ltd. | $ | (2,369,685 | ) | |||
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%**. | ||||||||||
(11,065,945 | ) | 12/27/2024 | Bank of Queensland, Ltd. | (677,099 | ) | |||||
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 0.40%**. | ||||||||||
(7,913,292 | ) | 12/27/2024 | Commonwealth Bank of Australia | (4,816,156 | ) | |||||
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%**. | ||||||||||
(14,795,355 | ) | 12/27/2024 | Westpac Banking Corp. | (3,030,920 | ) | |||||
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 | $ | (10,893,860 | ) | |||||||
Belgium – (0.01%) | ||||||||||
Medical - Drugs - (0.01%) | ||||||||||
2,499,034 | 1/4/2024 | Galapagos NV. | (322,509 | ) | ||||||
Agreement with Morgan Stanley, dated 04/03/2019 to receive the total return of the shares of Galapagos NV. in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.65%**. | ||||||||||
Total Belgium | $ | (322,509 | ) | |||||||
Brazil – (0.28%) | ||||||||||
Finance - Other Services - (0.28%) | ||||||||||
40,120,959 | 2/2/2022 | B3 SA-Brasil Bolsa Balcao | (9,940,720 | ) | ||||||
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 | $ | (9,940,720 | ) |
- 24 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)(continued)
Notional Amount | Maturity Date* | September 30, 2021 Unrealized (Loss) *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Loss - (continued) | ||||||||||
China – (0.19%) | ||||||||||
Applications Software - (0.03%) | ||||||||||
$ | 32,033,453 | 7/14/2022 | Glodon Co., Ltd., Class A | $ | (1,139,154 | ) | ||||
Agreement with Morgan Stanley, dated 07/10/2020 to receive the total return of the shares of Glodon Co., Ltd., Class A in exchange for interest based on the Daily Fed Funds Effective Rate plus 1.25%**. | ||||||||||
Computer Services - (0.16%) | ||||||||||
26,618,732 | 7/14/2022 | Sangfor Technologies, Inc., Class A | (5,809,270 | ) | ||||||
Agreement with Morgan Stanley, dated 01/14/2021 to receive the total return of the shares of Sangfor Technologies, Inc., Class A in exchange for interest based on the Daily Fed Funds Effective Rate plus 1.25%**. | ||||||||||
Total China | $ | (6,948,424 | ) | |||||||
Ireland – (0.01%) | ||||||||||
Commercial Services - Finance - (0.01%) | ||||||||||
3,452,180 | 12/14/2023 | Experian PLC | (255,242 | ) | ||||||
Agreement with Morgan Stanley, dated 09/07/2021 to receive the total return of the shares of Experian PLC in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.65%**. | ||||||||||
Total Ireland | $ | (255,242 | ) | |||||||
Japan – (0.42%) | ||||||||||
Electric Products - Miscellaneous - (0.00%) | ||||||||||
(2,341,687 | ) | 12/24/2024 | Casio Computer Co., Ltd. | (212,083 | ) | |||||
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%**. | ||||||||||
Office Automation & Equipment - (0.04%) | ||||||||||
(12,388,992 | ) | 12/24/2024 | Canon, Inc. | (801,964 | ) | |||||
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%**. |
- 25 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)(continued)
Notional Amount | Maturity Date* | September 30, 2021 Unrealized (Loss) *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Loss - (continued) | ||||||||||
Japan – (continued) | ||||||||||
Office Automation & Equipment - (continued) | ||||||||||
$ | (3,074,847 | ) | 12/24/2024 | Konica Minolta, Inc. | $ | (462,678 | ) | |||
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%**. | ||||||||||
(2,335,109 | ) | 12/24/2024 | Ricoh Co., Ltd. | (313,258 | ) | |||||
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 0.63%**. | ||||||||||
(1,577,900 | ) | |||||||||
Photo Equipment & Supplies - (0.01%) | ||||||||||
(809,323 | ) | 12/24/2024 | Nikon Corp. | (368,362 | ) | |||||
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 0.40%**. | ||||||||||
Semiconductor Equipment - (0.37%) | ||||||||||
(23,009,023 | ) | 12/24/2024 | Advantest Corp. | (934,886 | ) | |||||
Agreement with Morgan Stanley, dated 08/26/2011 to deliver the total return of the shares of Advantest Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
(28,335,241 | ) | 12/24/2024 | Tokyo Electron, Ltd. | (12,006,202 | ) | |||||
Agreement with Morgan Stanley, dated 11/10/2020 to deliver the total return of the shares of Tokyo Electron, Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
(12,941,088 | ) | |||||||||
Total Japan | $ | (15,099,433 | ) | |||||||
Taiwan – (0.12%) | ||||||||||
Computers - Peripheral Equipment - (0.05%) | ||||||||||
(3,341,158 | ) | 1/25/2024 | Innolux Display Corp. | (1,867,100 | ) | |||||
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 12.80%**. |
- 26 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)(concluded)
Notional Amount | Maturity Date* | September 30, 2021 Unrealized (Loss) *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Loss - (continued) | ||||||||||
Taiwan – (continued) | ||||||||||
Electronic Components - Miscellaneous - (0.07%) | ||||||||||
$ | (2,998,384 | ) | 1/25/2024 | AU Optronics Corp. | $ | (2,303,146 | ) | |||
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 12.00%**. | ||||||||||
Total Taiwan | $ | (4,170,246 | ) | |||||||
United Kingdom – (0.02%) | ||||||||||
Retail - Apparel / Shoes - (0.02%) | ||||||||||
(1,663,237 | ) | 12/14/2023 | Next PLC | (820,642 | ) | |||||
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 | $ | (820,642 | ) | |||||||
Total Return Swap Contracts - Unrealized Loss***** | $ | (48,451,076 | ) | |||||||
Total Swap Contracts, net | $ | 114,592,348 |
* | 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, 2021. | |
*** | 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. |
- 27 - |
The following is a summary of the inputs used, as of September 30, 2021, in valuing the Company’s investments at fair value
Assets: | Liabilities: | |||||||||
Valuation Inputs | Valuation Inputs | |||||||||
Level 1 - Quoted Prices | Level 1 - Quoted Prices | |||||||||
Investments in Securities | Securities Sold, Not Yet Purchased | |||||||||
Common Stock | $ | 4,329,901,831 | Common Stock | $ | 920,677,506 | |||||
Equity Options | 158,560,663 | Equity Options | 20,603,280 | |||||||
Level 2 - Other Significant | Level 2 - Other Significant | |||||||||
Observable Inputs | Observable Inputs | |||||||||
Total Return Swaps | 163,043,424 | Total Return Swaps | 48,451,076 | |||||||
Currency Options | 6,089,311 | Currency Options | 26,253 | |||||||
Level 3 - Other Significant | Level 3 - Other Significant | |||||||||
Unobservable Inputs | - | Unobservable Inputs | - | |||||||
Total | $ | 4,657,595,229 | Total | $ | 989,758,115 |
- 28 - |