Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)
Shares | September 30, 2022 Fair Value | ||||||||||
Common Stock – 104.96% | |||||||||||
United States – 76.08% | |||||||||||
Aerospace / Defense – 1.35% | |||||||||||
49,481 | TransDigm Group, Inc. | $ | 25,968,618 | ||||||||
Applications Software – 4.43% | |||||||||||
130,306 | Confluent, Inc., Class A* | 3,097,374 | |||||||||
82,990 | Elastic NV* | 5,953,703 | |||||||||
124,089 | Five9, Inc.* | 9,304,193 | |||||||||
208,856 | Microsoft Corp. | (a) | 48,642,562 | ||||||||
31,900 | Procore Technologies, Inc.* | 1,578,412 | |||||||||
86,308 | PTC, Inc.* | 9,027,817 | |||||||||
228,626 | Smartsheet, Inc., Class A* | 7,855,589 | |||||||||
85,459,650 | |||||||||||
Athletic Equipment – 0.27% | |||||||||||
738,196 | Peloton Interactive, Inc., Class A* | 5,115,698 | |||||||||
Building Products - Cement / Aggregate – 1.67% | |||||||||||
57,610 | Martin Marietta Materials, Inc. | 18,555,605 | |||||||||
86,843 | Vulcan Materials Co. | 13,696,009 | |||||||||
32,251,614 | |||||||||||
Coatings / Paint – 1.16% | |||||||||||
108,906 | The Sherwin-Williams Co. | (a) | 22,298,504 | ||||||||
Commercial Services – 0.26% | |||||||||||
12,783 | Cintas Corp. | 4,962,233 | |||||||||
Commercial Services - Finance – 1.91% | |||||||||||
123,291 | Global Payments, Inc. | (a) | 13,321,593 | ||||||||
52,301 | S&P Global, Inc. | 15,970,110 | |||||||||
125,151 | TransUnion | 7,445,233 | |||||||||
36,736,936 | |||||||||||
Communications Software – 2.04% | |||||||||||
508,950 | RingCentral, Inc., Class A* | (a) | 20,337,642 | ||||||||
255,805 | Zoom Video Communications, Inc., Class A* | 18,824,690 | |||||||||
39,162,332 | |||||||||||
Computer Aided Design –7.78% | |||||||||||
24,080 | Altair Engineering, Inc., Class A* | $ | 1,064,818 | ||||||||
423,659 | Cadence Design Systems, Inc.* | (a) | 69,238,590 | ||||||||
260,257 | Synopsys, Inc.* | (a) | 79,511,116 | ||||||||
149,814,524 | |||||||||||
Computer Software – 1.88% | |||||||||||
227,167 | Dynatrace, Inc.* | (a) | 7,907,683 | ||||||||
204,519 | Twilio, Inc., Class A* | 14,140,444 | |||||||||
343,170 | ZoomInfo Technologies, Inc.* | 14,296,462 | |||||||||
36,344,589 |
- 1 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)(continued)
Shares | September 30, 2022 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
United States – (continued) | |||||||||||
E-Commerce / Products – 4.57% | |||||||||||
780,067 | Amazon.com, Inc.* | (a) | $ | 88,147,571 | |||||||
E-Commerce / Services – 4.74% | |||||||||||
393,633 | Expedia Group, Inc.* | (a) | 36,879,476 | ||||||||
1,062,152 | Lyft, Inc., Class A* | (a) | 13,988,542 | ||||||||
573,042 | Marqeta, Inc., Class A* | 4,080,059 | |||||||||
1,373,520 | Uber Technologies, Inc.* | (a) | 36,398,280 | ||||||||
91,346,357 | |||||||||||
Energy - Alternate Sources – 0.24% | |||||||||||
347,845 | Stem, Inc.* | 4,640,252 | |||||||||
Enterprise Software / Services – 5.82% | |||||||||||
351,837 | Alteryx, Inc., Class A* | 19,646,578 | |||||||||
99,977 | Atlassian Corp. PLC, Class A* | 21,054,156 | |||||||||
102,718 | Bill.com Holdings, Inc.* | 13,596,782 | |||||||||
166,227 | Coupa Software, Inc.* | 9,774,148 | |||||||||
784,256 | Qualtrics International, Inc., Class A* | 7,983,726 | |||||||||
474,322 | SS&C Technologies Holdings, Inc. | (a) | 22,648,876 | ||||||||
1,378,901 | UiPath, Inc., Class A* | 17,387,942 | |||||||||
112,092,208 | |||||||||||
Finance - Credit Card – 5.73% | |||||||||||
51,528 | American Express Co. | 6,951,642 | |||||||||
166,725 | Mastercard, Inc., Class A | (a) | 47,406,587 | ||||||||
315,256 | Visa, Inc., Class A | (a) | 56,005,228 | ||||||||
110,363,457 | |||||||||||
Finance - Other Services – 1.66% | |||||||||||
354,085 | Intercontinental Exchange, Inc. | (a) | 31,991,580 | ||||||||
Human Resources – 0.76% | |||||||||||
61,022 | Paylocity Holding Corp.* | 14,741,695 | |||||||||
Internet Content - Entertainment – 3.43% | |||||||||||
487,511 | Meta Platforms, Inc., Class A* | (a) | 66,145,492 | ||||||||
Medical Labs & Testing Services – 0.27% | |||||||||||
72,720 | Catalent, Inc.* | 5,262,019 | |||||||||
Medical - Biomedical / Genetics – 4.27% | |||||||||||
425,440 | Akero Therapeutics, Inc.* | 14,486,232 | |||||||||
672,294 | Allovir, Inc.* | 5,304,400 | |||||||||
198,915 | BioCryst Pharmaceuticals, Inc.* | 2,506,329 | |||||||||
153,242 | Blueprint Medicines Corp.* | 10,097,115 | |||||||||
166,034 | Caribou Biosciences, Inc.* | 1,751,659 | |||||||||
161,664 | Cerevel Therapeutics Holdings, Inc.* | 4,568,625 | |||||||||
231,191 | Certara, Inc.* | 3,070,216 |
- 2 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)(continued)
Shares | September 30, 2022 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
United States – (continued) | |||||||||||
Medical - Biomedical / Genetics – (continued) | |||||||||||
128,140 | IGM Biosciences, Inc.* | $ | 2,913,904 | ||||||||
147,571 | Keros Therapeutics, Inc.* | 5,551,621 | |||||||||
168,117 | Sarepta Therapeutics, Inc.* | (a) | 18,583,653 | ||||||||
230,478 | TG Therapeutics, Inc.* | 1,364,430 | |||||||||
294,581 | Ultragenyx Pharmaceutical, Inc.* | 12,198,599 | |||||||||
82,396,783 | |||||||||||
Medical - Drugs – 0.48% | |||||||||||
291,634 | ORIC Pharmaceuticals, Inc.* | 933,229 | |||||||||
203,928 | PMV Pharmaceuticals, Inc.* | 2,426,743 | |||||||||
239,052 | Rhythm Pharmaceuticals, Inc.* | 5,856,774 | |||||||||
9,216,746 | |||||||||||
Metal Processors & Fabrication – 0.30% | |||||||||||
100,172 | Xometry, Inc., Class A* | 5,688,768 | |||||||||
Private Equity – 0.39% | |||||||||||
175,835 | KKR & Co., Inc. | 7,560,905 | |||||||||
REITs - Diversified – 3.03% | |||||||||||
132,175 | American Tower Corp. | 28,377,972 | |||||||||
52,690 | Equinix, Inc. | 29,972,180 | |||||||||
58,350,152 | |||||||||||
Retail - Apparel / Shoes – 1.01% | |||||||||||
230,651 | Ross Stores, Inc. | 19,436,960 | |||||||||
Retail - Building Products – 1.00% | |||||||||||
102,253 | Lowe’s Cos., Inc. | (a) | 19,204,136 | ||||||||
Retail - Major Department Stores – 2.18% | |||||||||||
676,651 | The TJX Cos., Inc. | 42,033,560 | |||||||||
Retail - Restaurants – 2.73% | |||||||||||
26,453 | Chipotle Mexican Grill, Inc.* | 39,752,510 | |||||||||
122,233 | Yum! Brands, Inc. | 12,998,257 | |||||||||
52,750,767 | |||||||||||
Semiconductor Components - Integrated Circuits – 4.81% | |||||||||||
311,330 | Analog Devices, Inc. | 43,380,722 | |||||||||
437,416 | QUALCOMM, Inc. | (a) | 49,419,260 | ||||||||
92,799,982 | |||||||||||
Semiconductor Equipment – 5.91% | |||||||||||
162,824 | KLA Corp. | (a) | 49,275,427 | ||||||||
111,815 | Lam Research Corp. | (a) | 40,924,290 | ||||||||
315,104 | Teradyne, Inc. | 23,680,066 | |||||||||
113,879,783 | |||||||||||
Total United States (Cost $1,325,512,272) | $ | 1,466,163,871 |
- 3 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)(continued)
Shares | September 30, 2022 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
Brazil – 0.63% | |||||||||||
Finance - Investment Banker / Broker – 0.63% | |||||||||||
634,830 | XP, Inc., Class A* | $ | 12,068,118 | ||||||||
Total Brazil (Cost $17,089,978) | $ | 12,068,118 | |||||||||
Canada – 0.30% | |||||||||||
Internet Application Software – 0.30% | |||||||||||
216,275 | Shopify, Inc., Class A* | (a) | 5,826,449 | ||||||||
Total Canada (Cost $7,715,179) | $ | 5,826,449 | |||||||||
China – 8.37% | |||||||||||
E-Commerce / Products – 3.37% | |||||||||||
309,171 | Alibaba Group Holding, Ltd. - Sponsored ADR* | 24,730,588 | |||||||||
616,728 | JD.com, Inc. - Sponsored ADR* | 31,021,419 | |||||||||
147,833 | Pinduoduo, Inc. - Sponsored ADR* | 9,251,389 | |||||||||
65,003,396 | |||||||||||
Entertainment Software – 0.94% | |||||||||||
238,844 | NetEase, Inc. - Sponsored ADR | 18,056,606 | |||||||||
Enterprise Software / Services – 0.13% | |||||||||||
4,241,447 | Ming Yuan Cloud Group Holdings, Ltd. | 2,512,482 | |||||||||
Real Estate Management / Services – 0.97% | |||||||||||
1,062,991 | KE Holdings, Inc. - Sponsored ADR* | 18,623,602 | |||||||||
Schools – 0.66% | |||||||||||
526,991 | New Oriental Education & Technology Group, Inc. - Sponsored ADR* | 12,631,974 | |||||||||
Transport - Services – 0.69% | |||||||||||
2,029,797 | Full Truck Alliance Co., Ltd. - Sponsored ADR* | 13,295,170 | |||||||||
Web Portals / ISP – 1.61% | |||||||||||
264,872 | Baidu, Inc. - Sponsored ADR* | 31,119,811 | |||||||||
Total China (Cost $194,642,912) | $ | 161,243,041 | |||||||||
France – 6.62% | |||||||||||
Aerospace / Defense - Equipment – 4.76% | |||||||||||
598,950 | Airbus SE | 52,157,218 | |||||||||
429,109 | Safran SA | 39,519,607 | |||||||||
91,676,825 | |||||||||||
Apparel Manufacturers – 0.49% | |||||||||||
21,040 | Kering SA | 9,451,558 |
- 4 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)(continued)
Shares | September 30, 2022 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
France – (continued) | |||||||||||
Textile - Apparel– 1.37% | |||||||||||
44,346 | LVMH Moet Hennessy Louis Vuitton SE | $ | 26,517,948 | ||||||||
Total France (Cost $159,870,632) | $ | 127,646,331 | |||||||||
Germany – 1.47% | |||||||||||
Aerospace / Defense – 0.74% | |||||||||||
94,242 | MTU Aero Engines AG | 14,241,004 | |||||||||
Athletic Footwear – 0.73% | |||||||||||
121,555 | adidas AG | 14,156,392 | |||||||||
Total Germany (Cost $44,128,330) | $ | 28,397,396 | |||||||||
Hong Kong – 0.75% | |||||||||||
Casino Hotels – 0.75% | |||||||||||
2,450,000 | Galaxy Entertainment Group, Ltd. | 14,481,713 | |||||||||
Total Hong Kong (Cost $13,283,087) | $ | 14,481,713 | |||||||||
Israel – 0.18% | |||||||||||
Applications Software – 0.18% | |||||||||||
157,183 | JFrog, Ltd.* | 3,475,316 | |||||||||
Total Israel (Cost $8,047,778) | $ | 3,475,316 | |||||||||
Japan – 3.21% | |||||||||||
Audio / Video Products – 2.42% | |||||||||||
725,700 | Sony Group Corp. | 46,556,705 | |||||||||
Finance - Other Services – 0.33% | |||||||||||
473,178 | Japan Exchange Group, Inc. | 6,382,811 | |||||||||
Web Portals / ISP – 0.46% | |||||||||||
3,377,703 | Z Holdings Corp. | 8,872,173 | |||||||||
Total Japan (Cost $73,257,492) | $ | 61,811,689 | |||||||||
Netherlands – 1.79% | |||||||||||
Semiconductor Equipment – 1.79% | |||||||||||
82,852 | ASML Holding NV | 34,412,578 | |||||||||
Total Netherlands (Cost $43,872,952) | $ | 34,412,578 | |||||||||
Singapore – 0.38% | |||||||||||
E-Commerce / Products – 0.38% | |||||||||||
129,431 | Sea, Ltd. - Sponsored ADR* | 7,254,608 | |||||||||
Total Singapore (Cost $5,057,019) | $ | 7,254,608 |
- 5 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Portfolio Investments (Unaudited)(concluded)
Shares | September 30, 2022 Fair Value | ||||||||||
Common Stock – (continued) | |||||||||||
Taiwan – 2.49% | |||||||||||
Semiconductor Components - Integrated Circuits – 2.49% | |||||||||||
700,689 | Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR | $ | 48,039,238 | ||||||||
Total Taiwan (Cost $51,995,669) | $ | 48,039,238 | |||||||||
Uruguay – 2.69% | |||||||||||
Commercial Services - Finance – 0.17% | |||||||||||
156,612 | Dlocal, Ltd.* | 3,213,678 | |||||||||
E-Commerce / Services – 2.52% | |||||||||||
58,754 | MercadoLibre, Inc.* | (a) | 48,635,386 | ||||||||
Total Uruguay (Cost $43,710,895) | $ | 51,849,064 | |||||||||
Total Common Stock (Cost $1,988,184,195) | $ | 2,022,669,412 | |||||||||
Total Investments in Securities (Cost $1,988,184,195) – 104.96% | $ | 2,022,669,412 | |||||||||
Total Purchased Options ( Cost $254,536,599) - 10.74% | 206,925,186 | ||||||||||
Total Securities Sold, Not Yet Purchased (Proceeds $1,007,605,690) - (39.40)% | (759,286,585 | ) | |||||||||
Other Assets, in Excess of Liabilities – 23.70%** | 456,712,126 | ||||||||||
Members’ Capital – 100.00% | $ | 1,927,020,139 |
(a) | Partially or wholly held in a pledge account by the Custodian, the assets of which are pledged as collateral for securities sold, not yet purchased. |
* | Non-income producing security |
** | Includes $139,397,419 invested in U.S. Dollar Cash Reserve Account at the Bank of New York Mellon (the “Custodian”), which is 7.23% of Members’ Capital. $135,452,768 of the amount is held as restricted cash and is in a segregated account with the Custodian, primarily as collateral for swap contracts, in each case as at September 30 2022. |
ADR | American Depository Receipt |
REIT | Real Estate Investment Trust |
- 6 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Purchased Options (Unaudited)
Notional Amount (USD) | Contracts | Expiration Date Strike Price | September 30, 2022 Fair Value | |||||||||||
Purchased Options – 10.74% | ||||||||||||||
Equity Options – 10.28% | ||||||||||||||
Equity Call Options – 4.02% | ||||||||||||||
United States – 3.06% | ||||||||||||||
Applications Software - 0.09% | ||||||||||||||
$ | 32,101,000 | 1,366 | 11/18/2022 $235 | Microsoft Corp. | $ | 1,639,200 | ||||||||
Auto - Cars / Light Trucks - 0.55% | ||||||||||||||
79,248,000 | 3,048 | 12/16/2022 $260 | Tesla, Inc. | 10,668,000 | ||||||||||
Beverages - Non-Alcoholic - 0.01% | ||||||||||||||
16,602,000 | 2,767 | 11/18/2022 $60 | The Coca-Cola Co. | 166,020 | ||||||||||
Commercial Services - Finance - 0.01% | ||||||||||||||
10,267,500 | 1,369 | 12/16/2022 $75 | Block, Inc. | 288,859 | ||||||||||
Communications Software - 0.01% | ||||||||||||||
12,222,000 | 2,037 | 12/16/2022 $60 | RingCentral, Inc., Class A | 162,960 | ||||||||||
Computers - 0.07% | ||||||||||||||
86,924,000 | 5,608 | 11/18/2022 $155 | Apple, Inc. | 1,289,840 | ||||||||||
Data Processing / Management - 0.03% | ||||||||||||||
19,117,000 | 2,731 | 12/16/2022 $70 | DocuSign, Inc. | 660,902 | ||||||||||
E-Commerce / Products - 0.30% | ||||||||||||||
63,580,000 | 5,780 | 11/18/2022 $110 | Amazon.com, Inc. | 5,780,000 | ||||||||||
E-Commerce / Services - 0.12% | ||||||||||||||
49,687,500 | 265 | 1/20/2023 $1,875 | Booking Holdings, Inc. | 2,040,500 | ||||||||||
20,316,000 | 3,386 | 10/21/2022 $60 | DoorDash, Inc., Class A | 243,792 | ||||||||||
2,284,292 | ||||||||||||||
Electronic Component - Semiconductor - 0.11% | ||||||||||||||
16,218,000 | 2,703 | 11/18/2022 $60 | Advanced Micro Devices, Inc. | 2,094,825 | ||||||||||
Enterprise Software / Services - 0.00% | ||||||||||||||
23,796,000 | 1,322 | 11/18/2022 $180 | Salesforce, Inc. | 88,574 | ||||||||||
Finance - Credit Card - 0.14% | ||||||||||||||
45,724,500 | 3,387 | 11/18/2022 $135 | American Express, Co. | 2,675,730 | ||||||||||
Finance - Other Services - 0.03% | ||||||||||||||
5,482,500 | 731 | 12/16/2022 $75 | Coinbase Global, Inc., Class A | 643,280 | ||||||||||
Hotels & Motels - 0.61% | ||||||||||||||
30,720,000 | 3,072 | 10/21/2022 $100 | Hilton Worldwide Holdings, Inc. | 6,451,200 | ||||||||||
19,952,500 | 1,735 | 1/20/2023 $115 | Marriott International, Inc., Class A | 5,239,700 | ||||||||||
11,690,900 | ||||||||||||||
Internet Content - Entertainment - 0.80% | ||||||||||||||
86,850,000 | 6,948 | 1/20/2023 $125 | Meta Platforms, Inc., Class A | 15,424,560 |
- 7 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Purchased Options (Unaudited)(continued)
Notional Amount (USD) | Contracts | Expiration Date Strike Price | September 30, 2022 Fair Value | |||||||||||
Purchased Options – (continued) | ||||||||||||||
Equity Options – (continued) | ||||||||||||||
Equity Call Options – (continued) | ||||||||||||||
United States – (continued) | ||||||||||||||
Multimedia - 0.08% | ||||||||||||||
$ | 19,874,000 | 2,092 | 12/16/2022 $95 | The Walt Disney Co. | $ | 1,485,320 | ||||||||
Semiconductor Components - Integrated Circuits - 0.08% | ||||||||||||||
15,235,000 | 1,385 | 12/16/2022 $110 | QUALCOMM, Inc. | 1,571,975 | ||||||||||
Web Portals / ISP - 0.02% | ||||||||||||||
14,290,500 | 1,361 | 11/18/2022 $105 | Alphabet, Inc., Class A | 317,113 | ||||||||||
Total United States (Cost $129,589,631) | $ | 58,932,350 | ||||||||||||
Canada - 0.07% | ||||||||||||||
Internet Application Software - 0.07% | ||||||||||||||
8,200,000 | 3,280 | 11/18/2022 $25 | Shopify, Inc., Class A | 1,443,200 | ||||||||||
Total Canada (Cost $3,716,336) | $ | 1,443,200 | ||||||||||||
China - 0.87% | ||||||||||||||
E-Commerce / Products - 0.87% | ||||||||||||||
13,555,000 | 2,711 | 12/16/2022 $50 | JD.com, Inc. - Sponosored ADR | 1,477,495 | ||||||||||
19,369,000 | 5,534 | 10/21/2022 $35 | Pinduoduo, Inc. - Sponsored ADR | 15,190,830 | ||||||||||
Total China (Cost $10,810,539) | $ | 16,668,325 | ||||||||||||
Taiwan - 0.02% | ||||||||||||||
Semiconductor Components - Integrated Circuits - 0.02% | ||||||||||||||
18,488,000 | 2,311 | 12/16/2022 $80 | Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR | 291,186 | ||||||||||
Total Taiwan (Cost $1,028,462) | $ | 291,186 | ||||||||||||
Total Equity Call Options (Cost $145,144,968) | $ | 77,335,061 | ||||||||||||
Equity Put Options - 6.26% | ||||||||||||||
United States - 6.26% | ||||||||||||||
Communications Software - 0.65% | ||||||||||||||
30,800,000 | 2,464 | 10/21/2022 $125 | ZoomInfo Technologies, Inc., Class A | 12,566,400 | ||||||||||
Growth & Income - Large Cap - 1.30% | ||||||||||||||
370,368,000 | 10,288 | 3/17/2023 $360 | SPDR S&P 500 ETF Trust | 25,061,568 | ||||||||||
Sector Fund - Technology - 4.31% | ||||||||||||||
153,033,000 | 5,277 | 12/16/2022 $290 | Invesco QQQ Trust Series 1 | 14,416,764 | ||||||||||
399,022,000 | 15,347 | 3/17/2023 $260 | Invesco QQQ Trust Series 1 | 27,762,723 | ||||||||||
540,070,000 | 20,380 | 3/17/2023 $265 | Invesco QQQ Trust Series 1 | 40,882,280 | ||||||||||
83,061,767 |
- 8 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Purchased Options (Unaudited)(concluded)
Notional Amount (USD) | Contracts | Expiration Date Strike Price | September 30, 2022 Fair Value | |||||||||||
Purchased Options – (continued) | ||||||||||||||
Equity Options – (continued) | ||||||||||||||
Equity Put Options - (continued) | ||||||||||||||
Total United States (Cost $103,806,331) | $ | 120,689,735 | ||||||||||||
Total Equity Put Options (Cost $103,806,331) | $ | 120,689,735 | ||||||||||||
Total Equity Options (Cost $248,951,299) | $ | 198,024,796 | ||||||||||||
Currency Put Options - 0.46% | ||||||||||||||
United States - 0.46% | ||||||||||||||
$ | 5,062,422 | 94,624,718 | 12/16/2022 $5.35 | USD-BRL | 4,717,997 | |||||||||
11,988,564 | 171,265,207 | 12/16/2022 $7.00 | USD-CNH | 4,182,393 | ||||||||||
Total United States (Cost $5,585,300) | $ | 8,900,390 | ||||||||||||
Total Currency Put Options (Cost $5,585,300) | $ | 8,900,390 | ||||||||||||
Total Purchased Options (Cost $254,536,599) | $ | 206,925,186 | ||||||||||||
ADR | American Depository Receipt | |
BRL | Brazilian Real | |
CNH | Chinese Renminbi Yuan | |
ETF | Exchange-Traded Fund | |
SPDR | Standard & Poor’s Depository Receipt | |
USD | United States Dollar |
- 9 - |
Advantage Advisers Xanthus Fund, L.L.C. | ||||||||
Schedule of Securities Sold, Not Yet Purchased (Unaudited) | ||||||||
Shares | September 30, 2022 Fair Value | |||||||
Securities Sold, Not Yet Purchased – 39.40% | ||||||||
Common Stock – 39.40% | ||||||||
United States – 34.40% | ||||||||
Advertising Agencies – 0.95% | ||||||||
286,840 | The Interpublic Group of Cos., Inc. | $ | 7,343,104 | |||||
174,533 | Omnicom Group, Inc. | 11,011,287 | ||||||
18,354,391 | ||||||||
Advertising Services – 0.18% | ||||||||
59,193 | The Trade Desk, Inc., Class A* | 3,536,782 | ||||||
Apparel Manufacturers – 0.28% | ||||||||
763,835 | Hanesbrands, Inc. | 5,316,292 | ||||||
Appliances – 0.29% | ||||||||
41,850 | Whirlpool Corp. | 5,641,799 | ||||||
Applications Software – 1.37% | ||||||||
429,381 | C3.ai, Inc., Class A* | 5,367,263 | ||||||
55,676 | ServiceNow, Inc.* | 21,023,814 | ||||||
26,391,077 | ||||||||
Auto - Cars / Light Trucks – 2.68% | ||||||||
194,582 | Tesla, Inc.* | 51,612,876 | ||||||
Beverages - Non-Alcoholic – 0.53% | ||||||||
182,408 | The Coca-Cola Co. | 10,218,496 | ||||||
Commercial Services - Finance – 0.31% | ||||||||
142,069 | H&R Block, Inc. | 6,043,615 | ||||||
Computer Data Security – 0.40% | ||||||||
47,985 | Rapid7, Inc.* | 2,058,556 | ||||||
34,307 | Zscaler, Inc.* | 5,639,042 | ||||||
7,697,598 | ||||||||
Computer Software – 1.23% | ||||||||
97,194 | Akamai Technologies, Inc.* | 7,806,622 | ||||||
5,708 | Bandwidth Inc., Class A* | 67,925 | ||||||
88,765 | Braze, Inc., Class A* | 3,091,685 | ||||||
40,098 | Cloudflare, Inc., Class A* | 2,217,820 | ||||||
60,703 | Fastly, Inc., Class A* | 556,039 | ||||||
25,362 | HashiCorp, Inc., Class A* | 816,403 | ||||||
132,332 | SolarWinds Corp.* | 1,025,573 | ||||||
64,666 | Splunk, Inc.* | 4,862,883 | ||||||
107,176 | Teradata Corp.* | 3,328,887 | ||||||
23,773,837 | ||||||||
Computers – 0.16% | ||||||||
122,715 | HP, Inc. | 3,058,058 | ||||||
Computers - Memory Devices – 0.42% | ||||||||
150,833 | Seagate Technology Holdings PLC | 8,028,841 |
- 10 - |
Advantage Advisers Xanthus Fund, L.L.C. | ||||||||
Schedule of Securities Sold, Not Yet Purchased (Unaudited)(continued) | ||||||||
Shares | September 30, 2022 Fair Value | |||||||
Common Stock – (continued) | ||||||||
United States – (continued) | ||||||||
Consulting Services – 0.43% | ||||||||
48,574 | Verisk Analytics, Inc. | $ | 8,283,324 | |||||
Consumer Products - Miscellaneous – 1.24% | ||||||||
212,275 | Kimberly-Clark Corp. | 23,889,429 | ||||||
Cosmetics & Toiletries – 0.90% | ||||||||
174,927 | Colgate-Palmolive Co. | 12,288,622 | ||||||
40,218 | The Procter & Gamble Co. | 5,077,522 | ||||||
17,366,144 | ||||||||
Data Processing / Management – 0.37% | ||||||||
134,890 | DocuSign, Inc.* | 7,212,568 | ||||||
Diversified Manufacturing Operations – 0.18% | ||||||||
69,500 | A.O. Smith Corp. | 3,376,310 | ||||||
E-Commerce / Products – 0.66% | ||||||||
142,041 | Poshmark, Inc., Class A* | 2,225,782 | ||||||
321,696 | Wayfair, Inc., Class A* | 10,471,205 | ||||||
12,696,987 | ||||||||
E-Commerce / Services – 0.09% | ||||||||
77,208 | TripAdvisor, Inc.* | 1,704,753 | ||||||
Electric - Distribution – 0.71% | ||||||||
159,195 | Consolidated Edison, Inc. | 13,652,563 | ||||||
Electric - Integrated – 1.71% | ||||||||
128,806 | Duke Energy Corp. | 11,981,534 | ||||||
263,154 | PPL Corp. | 6,670,954 | ||||||
208,600 | The Southern Co. | 14,184,800 | ||||||
32,837,288 | ||||||||
Electronic Components - Semiconductors – 3.59% | ||||||||
101,574 | GLOBALFOUNDRIES, Inc.* | 4,911,103 | ||||||
106,910 | Marvell Technology, Inc. | 4,587,508 | ||||||
353,892 | NVIDIA Corp. | 42,958,950 | ||||||
107,994 | Texas Instruments, Inc. | 16,715,311 | ||||||
69,172,872 | ||||||||
Electronic Forms – 1.36% | ||||||||
95,420 | Adobe, Inc.* | 26,259,584 | ||||||
Enterprise Software / Services – 1.49% | ||||||||
13,246 | HubSpot, Inc.* | 3,578,009 | ||||||
675,291 | Palantir Technologies Inc., Class A* | 5,490,116 | ||||||
18,528 | Salesforce, Inc.* | 2,665,067 | ||||||
56,810 | Veeva Systems, Inc., Class A* | 9,366,833 | ||||||
49,721 | Workday, Inc., Class A* | 7,568,531 | ||||||
28,668,556 |
- 11 - |
Advantage Advisers Xanthus Fund, L.L.C. | ||||||||
Schedule of Securities Sold, Not Yet Purchased (Unaudited)(continued) | ||||||||
Shares | September 30, 2022 Fair Value | |||||||
Common Stock – (continued) | ||||||||
United States – (continued) | ||||||||
Finance - Credit Card – 0.32% | ||||||||
459,916 | The Western Union Co. | $ | 6,208,866 | |||||
Food - Confectionery – 0.30% | ||||||||
42,413 | The J M Smucker Co. | 5,827,970 | ||||||
Food - Miscellaneous / Diversified – 3.25% | ||||||||
333,485 | Campbell Soup Co. | 15,713,813 | ||||||
359,566 | Conagra Brands, Inc. | 11,732,639 | ||||||
213,123 | General Mills, Inc. | 16,327,353 | ||||||
269,350 | Kellogg Co. | 18,762,921 | ||||||
62,536,726 | ||||||||
Internet Application Software – 0.18% | ||||||||
61,502 | Okta, Inc.* | 3,497,619 | ||||||
Internet Infrastructure Software – 0.58% | ||||||||
76,952 | F5, Inc.* | 11,137,263 | ||||||
Investment Management / Advisory Services – 2.25% | ||||||||
164,199 | Apollo Global Management, Inc. | 7,635,254 | ||||||
248,893 | Franklin Resources, Inc. | 5,356,177 | ||||||
288,979 | T Rowe Price Group, Inc. | 30,345,685 | ||||||
43,337,116 | ||||||||
Medical - Biomedical / Genetics – 0.84% | ||||||||
71,597 | Amgen, Inc. | 16,137,964 | ||||||
Networking Products – 0.48% | ||||||||
233,489 | Cisco Systems, Inc. | 9,339,560 | ||||||
Real Estate Management / Services – 0.10% | ||||||||
241,917 | Anywhere Real Estate, Inc.* | 1,961,947 | ||||||
REITs - Health Care – 0.24% | ||||||||
116,499 | Ventas, Inc. | 4,679,765 | ||||||
REITs - Office Property – 0.92% | ||||||||
59,956 | Boston Properties, Inc. | 4,494,901 | ||||||
194,168 | Brandywine Realty Trust | 1,310,634 | ||||||
100,125 | Douglas Emmett, Inc. | 1,795,241 | ||||||
157,168 | Hudson Pacific Properties, Inc. | 1,720,990 | ||||||
142,944 | SL Green Realty Corp. | 5,740,631 | ||||||
116,008 | Vornado Realty Trust | 2,686,745 | ||||||
17,749,142 | ||||||||
REITs - Shopping Centers – 1.00% | ||||||||
65,717 | Federal Realty Investment Trust | 5,922,416 | ||||||
327,701 | Kimco Realty Corp. | 6,032,975 | ||||||
137,008 | Regency Centers Corp. | 7,377,881 | ||||||
19,333,272 |
- 12 - |
Advantage Advisers Xanthus Fund, L.L.C. | ||||||||
Schedule of Securities Sold, Not Yet Purchased (Unaudited)(continued) | ||||||||
Shares | September 30, 2022 Fair Value | |||||||
Common Stock – (continued) | ||||||||
United States – (continued) | ||||||||
REITs - Warehouse / Industrial – 0.64% | ||||||||
122,145 | Prologis, Inc. | $ | 12,409,932 | |||||
Retail - Apparel / Shoes – 0.04% | ||||||||
141,849 | Chico’s FAS, Inc.* | 686,549 | ||||||
Retail - Bedding – 0.01% | ||||||||
36,061 | Bed, Bath & Beyond, Inc.* | 219,611 | ||||||
Retail - Major Department Stores – 0.26% | ||||||||
299,532 | Nordstrom, Inc. | 5,011,170 | ||||||
Retail - Miscellaneous / Diversified – 0.27% | ||||||||
415,111 | Sally Beauty Holdings, Inc.* | 5,230,399 | ||||||
Retail - Regional Department Stores – 0.47% | ||||||||
301,299 | Kohl’s Corp. | 7,577,670 | ||||||
95,033 | Macy’s, Inc. | 1,489,167 | ||||||
9,066,837 | ||||||||
Retail - Restaurants – 0.10% | ||||||||
63,450 | The Cheesecake Factory, Inc. | 1,857,816 | ||||||
Telecommunication Equipment – 0.30% | ||||||||
217,923 | Juniper Networks, Inc. | 5,692,149 | ||||||
Telephone - Integrated – 0.32% | ||||||||
398,718 | AT&T, Inc. | 6,116,334 | ||||||
Total United States (Proceeds $862,814,978) | $ | 662,832,047 | ||||||
Brazil – 0.01% | ||||||||
Commercial Services - Finance – 0.01% | ||||||||
16,368 | StoneCo, Ltd., Class A* | 155,987 | ||||||
Total Brazil (Proceeds $967,684) | $ | 155,987 | ||||||
Canada – 0.42% | ||||||||
Medical - Drugs – 0.01% | ||||||||
109,357 | Canopy Growth Corp.* | 298,517 | ||||||
Private Equity – 0.41% | ||||||||
190,982 | Brookfield Asset Management, Inc., Class A | 7,809,254 | ||||||
Total Canada (Proceeds $13,460,299) | $ | 8,107,771 | ||||||
China – 1.42% | ||||||||
Auto - Cars / Light Trucks – 0.19% | ||||||||
155,716 | Li Auto, Inc. - Sponsored ADR* | 3,583,025 | ||||||
Computer Software – 0.00% | ||||||||
84,755 | Tuya, Inc. - Sponsored ADR* | 78,797 |
- 13 - |
Advantage Advisers Xanthus Fund, L.L.C. | ||||||||
Schedule of Securities Sold, Not Yet Purchased (Unaudited)(continued) | ||||||||
Shares | September 30, 2022 Fair Value | |||||||
Common Stock – (continued) | ||||||||
China – (continued) | ||||||||
Computers – 0.06% | ||||||||
1,604,000 | Lenovo Group. Ltd. | $ | 1,115,663 | |||||
Internet Content - Information / Network – 0.80% | ||||||||
967,300 | Kuaishou Technology* | 6,278,288 | ||||||
271,300 | Tencent Holdings, Ltd. | 9,207,037 | ||||||
15,485,325 | ||||||||
Metal - Aluminum – 0.05% | ||||||||
4,170,000 | China Zhongwang Holdings, Ltd.* | 892,444 | ||||||
Retail - Drug Stores – 0.08% | ||||||||
799,900 | Ping An Healthcare and Technology Co., Ltd.* | 1,508,111 | ||||||
Wireless Equipment – 0.24% | ||||||||
4,114,000 | Xiaomi Corp., Class B* | 4,695,785 | ||||||
Total China (Proceeds $47,541,019) | $ | 27,359,150 | ||||||
France – 0.35% | ||||||||
Advertising Services – 0.23% | ||||||||
91,930 | Publicis Groupe SA | 4,403,896 | ||||||
REITs - Regional Malls – 0.12% | ||||||||
131,454 | Klepierre SA | 2,305,143 | ||||||
Total France (Proceeds $7,106,181) | $ | 6,709,039 | ||||||
Germany – 1.02% | ||||||||
Enterprise Software / Services – 1.02% | ||||||||
237,955 | SAP SE | 19,609,433 | ||||||
Total Germany (Proceeds $30,397,422) | $ | 19,609,433 | ||||||
Hong Kong – 0.30% | ||||||||
Electric - Integrated – 0.30% | ||||||||
1,171,000 | Power Assets Holdings, Ltd. | 5,877,451 | ||||||
Total Hong Kong (Proceeds $8,708,928) | $ | 5,877,451 | ||||||
Israel – 0.64% | ||||||||
Applications Software – 0.32% | ||||||||
55,141 | Monday.com, Ltd.* | 6,249,681 | ||||||
Computer Data Security – 0.21% | ||||||||
35,614 | Check Point Software Technologies, Ltd.* | 3,989,480 |
- 14 - |
Advantage Advisers Xanthus Fund, L.L.C. | ||||||||
Schedule of Securities Sold, Not Yet Purchased (Unaudited)(concluded) | ||||||||
Shares | September 30, 2022 Fair Value | |||||||
Common Stock – (continued) | ||||||||
Israel – (continued) | ||||||||
Internet Application Software – 0.11% | ||||||||
26,887 | Wix.com, Ltd.* | $ | 2,103,370 | |||||
Total Israel (Proceeds $13,255,196) | $ | 12,342,531 | ||||||
Switzerland – 0.64% | ||||||||
Computers - Peripheral Equipment – 0.22% | ||||||||
94,868 | Logitech International SA | 4,363,928 | ||||||
Medical - Drugs – 0.42% | ||||||||
106,208 | Novartis AG - Sponsored ADR | 8,072,870 | ||||||
Total Switzerland (Proceeds $15,803,583) | $ | 12,436,798 | ||||||
Taiwan – 0.20% | ||||||||
Semiconductor Components - Integrated Circuits – 0.20% | ||||||||
692,348 | United Microelectronics Corp. - Sponsored ADR | 3,856,378 | ||||||
Total Taiwan (Proceeds $7,550,400) | $ | 3,856,378 | ||||||
Total Common Stock (Proceeds $1,007,605,690) | $ | 759,286,585 | ||||||
Total Securities Sold, Not Yet Purchased (Proceeds $1,007,605,690) | $ | 759,286,585 |
* | Non-income producing security |
ADR | American Depository Receipt |
REIT | Real Estate Investment Trust |
- 15 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)
Notional Amount | Maturity Date* | September 30, 2022 Unrealized Gain *** | ||||||||
Swap Contracts -2.15% | ||||||||||
Total Return Swap Contracts - Unrealized Gain - 4.09% | ||||||||||
United States – 2.24% | ||||||||||
Web Portals / ISP - 2.24% | ||||||||||
$ | 54,784,991 | 6/3/2024 | Alphabet, Inc., Class A | $ | 43,134,215 | |||||
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 | $ | 43,134,215 | ||||||||
Australia - 0.35% | ||||||||||
Commercial Banks - Non-US - 0.30% | ||||||||||
(10,208,990 | ) | 12/27/2024 | Bank of Queensland, Ltd. | 3,087,360 | ||||||
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%**. | ||||||||||
(8,485,208 | ) | 12/27/2024 | Commonwealth Bank of Australia | 572,519 | ||||||
Agreement with Morgan Stanley, dated 02/24/2016 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%**. | ||||||||||
(21,985,376 | ) | 12/27/2024 | Westpac Banking Corp. | 2,103,017 | ||||||
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%**. | ||||||||||
5,762,896 | ||||||||||
Retail - Building Products - 0.05% | ||||||||||
(6,665,832 | ) | 12/27/2024 | Wesfarmers, Ltd. | 891,566 | ||||||
Agreement with Morgan Stanley, dated 12/23/2014 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%**. | ||||||||||
Total Australia | $ | 6,654,462 |
- 16 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)(continued)
September 30, 2022 | ||||||||||
Notional | Maturity | Unrealized | ||||||||
Amount | Date* | Gain *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Gain - (continued) | ||||||||||
Brazil – 0.17% | ||||||||||
Commercial Services - Finance - 0.12% | ||||||||||
$ | (4,525,808 | ) | 2/2/2023 | Cielo SA | $ | 2,368,654 | ||||
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 - 0.05% | ||||||||||
15,275,937 | 2/2/2023 | Magazine Luiza SA | 920,162 | |||||||
Agreement with Morgan Stanley, dated 07/02/2019 to receive the total return of the shares of Cielo SA in exchange for interest based on the Daily Fed Funds Effective Rate plus 1.00%**. | ||||||||||
Total Brazil | $ | 3,288,816 | ||||||||
Japan - 0.59% | ||||||||||
Audio / Video Products - 0.19% | ||||||||||
(10,498,361 | ) | 12/24/2024 | Sharp Corp. | 3,547,394 | ||||||
Agreement with Morgan Stanley, dated 08/03/2012 to deliver the total return of the shares of Sharp Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.88%**. | ||||||||||
Bicycle Manufacturing - 0.04% | ||||||||||
(9,745,450 | ) | 12/24/2024 | Shimano, Inc. | 770,953 | ||||||
Agreement with Morgan Stanley, dated 05/09/2022 to deliver the total return of the shares of Shimano, Inc. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. | ||||||||||
Building Products - Air & Heating - 0.02% | ||||||||||
(9,894,651 | ) | 12/24/2024 | Daikin Industries, Ltd. | 308,380 | ||||||
Agreement with Morgan Stanley, dated 04/22/2022 to deliver the total return of the shares of Daikin Industries, Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 0.40%**. |
- 17 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)(continued)
September 30, 2022 | ||||||||||
Notional | Maturity | Unrealized | ||||||||
Amount | Date* | Gain *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Gain - (continued) | ||||||||||
Japan – (continued) | ||||||||||
E-Commerce / Products - 0.07% | ||||||||||
$ | (2,450,345 | ) | 12/24/2024 | Rakuten Group, Inc. | $ | 1,360,603 | ||||
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 - 0.05% | ||||||||||
(4,599,980 | ) | 12/24/2024 | Chubu Electric Power Co., Inc. | 697,273 | ||||||
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%**. | ||||||||||
(5,515,965 | ) | 12/24/2024 | Tokyo Electric Power Co. Holdings, Inc. | 289,033 | ||||||
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%**. | ||||||||||
986,306 | ||||||||||
Office Automation & Equipment - 0.03% | ||||||||||
(3,792,733 | ) | 12/24/2024 | Canon, Inc. | 243,265 | ||||||
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%**. | ||||||||||
(622,522 | ) | 12/24/2024 | Konica Minolta, Inc. | 91,659 | ||||||
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%**. | ||||||||||
(930,357 | ) | 12/24/2024 | Ricoh Co., Ltd. | 184,542 | ||||||
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%**. | ||||||||||
519,466 |
- 18 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)(continued)
September 30, 2022 | ||||||||||
Notional | Maturity | Unrealized | ||||||||
Amount | Date* | Gain *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Gain - (continued) | ||||||||||
Japan – (continued) | ||||||||||
Photo Equipment & Supplies - 0.01% | ||||||||||
$ | (897,573 | ) | 12/24/2024 | Nikon Corp. | $ | 185,460 | ||||
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 - 0.18% | ||||||||||
(10,000,602 | ) | 12/24/2024 | Advantest Corp. | 3,474,386 | ||||||
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%**. | ||||||||||
Total Japan | $ | 11,152,948 | ||||||||
Netherlands – 0.00% | ||||||||||
Music - 0.00% | ||||||||||
(6,685,573 | ) | 12/14/2023 | Universal Music Group NV | 57,719 | ||||||
Agreement with Morgan Stanley, dated 08/22/2022 to deliver the total return of the shares of Universal Music Group NV in exchange for interest based on the Daily Fed Funds Effective Rate less 0.35%**. | ||||||||||
Total Netherlands | $ | 57,719 | ||||||||
Spain – 0.30% | ||||||||||
Building - Heavy Construction - 0.30% | ||||||||||
8,809,647 | 1/4/2024 | Cellnex Telecom SA | 5,828,303 | |||||||
Agreement with Morgan Stanley, dated 05/06/2015 to receive the total return of the shares of Cellnex Telecom SA in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.65%**. | ||||||||||
Total Spain | $ | 5,828,303 |
- 19 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)(continued)
September 30, 2022 | ||||||||||
Notional | Maturity | Unrealized | ||||||||
Amount | Date* | Gain *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Gain - (continued) | ||||||||||
Taiwan – 0.09% | ||||||||||
Semiconductor Components - Integrated Circuits - 0.09% | ||||||||||
$ | (2,924,980 | ) | 1/25/2024 | Novatek Microelectronics, Ltd. | $ | 1,416,384 | ||||
Agreement with Morgan Stanley, dated 07/19/2013 to deliver the total return of the shares of Novatek Microelectronics, Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate less 3.50%**. | ||||||||||
(1,234,900 | ) | 1/25/2024 | United Microelectronics Corp. | 350,299 | ||||||
Agreement with Morgan Stanley, dated 08/08/2013 to deliver the total return of the shares of United Microelectronics Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 2.75%**. | ||||||||||
Total Taiwan | $ | 1,766,683 | ||||||||
United Kingdom – 0.35% | ||||||||||
Cosmetics & Toiletries - 0.11% | ||||||||||
(12,832,106 | ) | 1/4/2024 | Unilever PLC | 2,099,577 | ||||||
Agreement with Morgan Stanley, dated 12/23/2019 to deliver the total return of the shares of Unilever PLC in exchange for interest based on the Daily Fed Funds Effective Rate less 0.35%**. | ||||||||||
Food - Retail - 0.16% | ||||||||||
(4,410,000 | ) | 12/14/2023 | Marks & Spencer Group PLC | 3,122,354 | ||||||
Agreement with Morgan Stanley, dated 02/16/2016 to deliver the total return of the shares of Marks & Spencer Group PLC in exchange for interest based on the Daily Fed Funds Effective Rate less 0.30%**. | ||||||||||
Retail - Apparel / Shoes - 0.08% | ||||||||||
(4,450,961 | ) | 12/14/2023 | Next PLC | 1,616,887 | ||||||
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 | $ | 6,838,818 | ||||||||
Total Return Swap Contracts - Unrealized Gain**** | $ | 78,721,964 |
- 20 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)(continued)
September 30, 2022 | ||||||||||
Notional | Maturity | Unrealized | ||||||||
Amount | Date* | (Loss) *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Loss - (1.94%) | ||||||||||
United States – (0.61%) | ||||||||||
Private Equity - (0.61%) | ||||||||||
$ | 57,796,109 | 6/3/2024 | The Carlyle Group, Inc. | $ | (11,667,720 | ) | ||||
Agreement with Morgan Stanley, dated 11/16/2017 to receive the total return of the shares of The Carlyle Group, Inc. in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.45%**. | ||||||||||
Total United States | $ | (11,667,720 | ) | |||||||
Brazil – (0.15%) | ||||||||||
Finance - Other Services - (0.15%) | ||||||||||
29,787,181 | 2/2/2023 | B3 SA-Brasil Bolsa Balcao | (2,908,835 | ) | ||||||
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 | $ | (2,908,835 | ) | |||||||
China – (0.69%) | ||||||||||
Applications Software - (0.69%) | ||||||||||
32,033,453 | 7/16/2024 | Glodon Co., Ltd., Class A | (13,346,038 | ) | ||||||
\ | ||||||||||
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%**. | ||||||||||
Total China | $ | (13,346,038 | ) | |||||||
Ireland – (0.12%) | ||||||||||
Commercial Services - Finance - (0.12%) | ||||||||||
6,862,817 | 12/14/2023 | Experian PLC | (2,270,225 | ) | ||||||
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 | $ | (2,270,225 | ) |
- 21 - |
Advantage Advisers Xanthus Fund, L.L.C.
Schedule of Swap Contracts (Unaudited)(concluded)
September 30, 2022 | ||||||||||
Notional | Maturity | Unrealized | ||||||||
Amount | Date* | (Loss) *** | ||||||||
Swap Contracts - (continued) | ||||||||||
Total Return Swap Contracts - Unrealized Loss - (continued) | ||||||||||
South Korea – (0.29%) | ||||||||||
Petrochemicals - (0.29%) | ||||||||||
$ | 16,519,598 | 8/14/2023 | LG Chem, Ltd. | $ | (5,546,380 | ) | ||||
Agreement with Morgan Stanley, dated 01/07/2022 to receive the total return of the shares of LG Chem, Ltd. in exchange for interest based on the Daily Fed Funds Effective Rate plus 0.90%**. | ||||||||||
Total South Korea | $ | (5,546,380 | ) | |||||||
Taiwan – (0.08%) | ||||||||||
Computers - Peripheral Equipment - (0.02%) | ||||||||||
(1,975,688 | ) | 1/25/2024 | Innolux Display Corp. | (351,365 | ) | |||||
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 9.75%**. | ||||||||||
Electronic Components - Miscellaneous - (0.06%) | ||||||||||
(2,797,085 | ) | 1/25/2024 | AUO Corp. | (1,224,445 | ) | |||||
Agreement with Morgan Stanley, dated 07/26/2012 to deliver the total return of the shares of AUO Corp. in exchange for interest based on the Daily Fed Funds Effective Rate less 15.00%**. | ||||||||||
Total Taiwan | $ | (1,575,810 | ) | |||||||
Total Return Swap Contracts - Unrealized Loss***** | $ | (37,315,008 | ) | |||||||
Total Swap Contracts, net | $ | 41,406,956 |
* | Per the terms of the executed swap agreement, no periodic payments were made. A single payment is made upon the maturity of each swap contract. | ||
** | Financing rate is variable. Rate indicated is as of September 30, 2022. | ||
*** | 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. |
- 22 - |
The following is a summary of the inputs used, as of September 30, 2022, in valuing the Company’s investments at fair value
Assets: | Liabilities: | |||||||||
Valuation Inputs | Valuation Inputs | |||||||||
Level 1 - Quoted Prices | Level 1 - Quoted Prices | |||||||||
Investments in Securities | Securities Sold, Not Yet Purchased | |||||||||
Common Stock | $ | 2,022,669,412 | Common Stock | $ | 759,286,585 | |||||
Equity Options | 198,024,796 | Equity Options | - | |||||||
Level 2 - Other Significant | Level 2 - Other Significant | |||||||||
Observable Inputs | Observable Inputs | |||||||||
Total Return Swaps | 78,721,964 | Total Return Swaps | 37,315,008 | |||||||
Currency Options | 8,900,390 | Currency Options | - | |||||||
Level 3 - Other Significant | Level 3 - Other Significant | |||||||||
Unobservable Inputs | - | Unobservable Inputs | - | |||||||
Total | $ | 2,308,316,562 | Total | $ | 796,601,593 |
- 23 - |