K2 Alternative Strategies Fund

Fund Profile

Fund profile

Tickers

FAAAX, FASCX, FSKKX, FASRX, FABZX

Fund manager

Franklin K2 Alternative Strategies Fund

Total assets

$757.06 mm

Liabilities

$186.29 mm

Net assets

$570.77 mm

Number of holdings

2.88 k

Top 200 of 2876 Holdings

As of Nov 2024

Security	$Holding	Balance	% of Fund	Category	Position	Country
Dreyfus Government Cash Management	108.45 mm	108.45 mm shares	19.00	Short-term investment vehicle	Long	USA
Fidelity Government Portfolio	72.07 mm	72.07 mm shares	12.63	Short-term investment vehicle	Long	USA
DREYFUS QII GOV CASH 289	36.00 mm	36.00 mm shares	6.31	Short-term investment vehicle	Long	USA
United States Treasury Bill	12.41 mm	12.50 mm principal	2.17	Debt	Long	USA
United States Treasury Bill	12.27 mm	12.27 mm principal	2.15	Debt	Long	USA
United States Treasury Bill	12.18 mm	12.30 mm principal	2.13	Debt	Long	USA
United States Treasury Bill	11.96 mm	12.00 mm principal	2.10	Debt	Long	USA
United States Treasury Bill	9.92 mm	10.00 mm principal	1.74	Debt	Long	USA
United States Treasury Bill	6.97 mm	7.00 mm principal	1.22	Debt	Long	USA
CEG Constellation Energy Corporation	3.76 mm	14.65 k shares	0.66	Common equity	Long	USA
GEV GE Vernova Inc.	3.66 mm	10.95 k shares	0.64	Common equity	Long	USA
MTZ MasTec, Inc.	2.86 mm	19.83 k shares	0.50	Common equity	Long	USA
CSC HOLDINGS 01/18/28	2.66 mm	2.71 mm principal	0.47	Loan	Long	USA
MMM 3M Company	2.65 mm	19.86 k shares	0.46	Common equity	Long	USA
BMY Bristol-Myers Squibb Company	2.59 mm	43.74 k shares	0.45	Common equity	Long	USA
American Airlines Group Inc	2.54 mm	2.43 mm principal	0.44	Debt	Long	USA
ARGX argenx SE	2.45 mm	3.97 k shares	0.43	Common equity	Long	Netherlands
Delivery Hero SE	2.37 mm	2.00 mm principal	0.41	Debt	Long	Germany
EW Edwards Lifesciences Corporation	2.33 mm	32.59 k shares	0.41	Common equity	Long	USA
LLY Eli Lilly and Company	2.32 mm	2.91 k shares	0.41	Common equity	Long	USA
CRNX Crinetics Pharmaceuticals, Inc.	2.32 mm	40.48 k shares	0.41	Common equity	Long	USA
NVO Novo Nordisk A/S	2.31 mm	21.68 k shares	0.41	Common equity	Long	Denmark
United States Treasury Note/Bond	2.22 mm	2.21 mm principal	0.39	Debt	Long	USA
PWR Quanta Services, Inc.	2.19 mm	6.36 k shares	0.38	Common equity	Long	USA
UCB United Community Banks, Inc.	2.04 mm	10.40 k shares	0.36	Common equity	Long	Belgium
MIDCAP FINL ISSU 11/01/27	2.04 mm	2.00 mm principal	0.36	Loan	Long	USA
Life Time Inc	2.00 mm	2.00 mm principal	0.35	Debt	Long	USA
HUBS HubSpot, Inc.	1.99 mm	782.00 k principal	0.35	Debt	Long	USA
CVS CVS Health Corporation	1.96 mm	32.74 k shares	0.34	Common equity	Long	USA
Ukraine Government International Bond	1.95 mm	2.57 mm principal	0.34	Debt	Long	Ukraine
COMMSCOPE 4/19 C 04/06/26	1.94 mm	1.98 mm principal	0.34	Loan	Long	USA
Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC	1.89 mm	1.78 mm principal	0.33	Debt	Long	USA
PCG PG&E Corporation	1.88 mm	86.69 k shares	0.33	Common equity	Long	USA
VRTX Vertex Pharmaceuticals Incorporated	1.87 mm	4.00 k shares	0.33	Common equity	Long	USA
EIX Edison International	1.87 mm	21.26 k shares	0.33	Common equity	Long	USA
United States Treasury Note/Bond	1.83 mm	1.82 mm principal	0.32	Debt	Long	USA
INSTITUTIONAL FIDUCIARY TRUST	1.78 mm	1.78 mm shares	0.31	Common equity	Long	USA
NARI Inari Medical, Inc.	1.72 mm	33.16 k shares	0.30	Common equity	Long	USA
INSM Insmed Incorporated	1.72 mm	22.89 k shares	0.30	Common equity	Long	USA
QGEN Qiagen N.V.	1.71 mm	39.44 k shares	0.30	Common equity	Long	Netherlands
Cigna Holding Co	1.69 mm	5.00 k shares	0.30	Common equity	Long	USA
S&P500 EMINI	1.64 mm	103.00 contracts	0.29	Equity derivative	N/A	USA
NEE NextEra Energy, Inc.	1.61 mm	20.53 k shares	0.28	Common equity	Long	USA
NBIX Neurocrine Biosciences, Inc.	1.61 mm	12.68 k shares	0.28	Common equity	Long	USA
Lonza Group AG	1.60 mm	2.67 k shares	0.28	Common equity	Long	Switzerland
Hitachi Ltd	1.59 mm	63.20 k shares	0.28	Common equity	Long	Japan
MARKET BIDC 11/04/30	1.59 mm	1.24 mm principal	0.28	Loan	Long	UK
KeHE Distributors LLC / KeHE Finance Corp / NextWave Distribution Inc	1.58 mm	1.51 mm principal	0.28	Debt	Long	USA
PPL PPL Corporation	1.56 mm	44.77 k shares	0.27	Common equity	Long	USA
SE Sea Limited	1.56 mm	1.17 mm principal	0.27	Debt	Long	Cayman Islands
Republic of South Africa Government Bond	1.55 mm	32.53 mm principal	0.27	Debt	Long	South Africa
PCVX Vaxcyte, Inc.	1.55 mm	16.47 k shares	0.27	Common equity	Long	USA
APLS Apellis Pharmaceuticals, Inc.	1.55 mm	45.71 k shares	0.27	Common equity	Long	USA
AZN AstraZeneca PLC	1.54 mm	22.78 k shares	0.27	Common equity	Long	UK
GILD Gilead Sciences, Inc.	1.54 mm	16.59 k shares	0.27	Common equity	Long	USA
ETR Entergy Corporation	1.52 mm	9.76 k shares	0.27	Common equity	Long	USA
HRI Herc Holdings Inc.	1.49 mm	6.43 k shares	0.26	Common equity	Long	USA
DVAX Dynavax Technologies Corporation	1.46 mm	1.11 mm principal	0.26	Debt	Long	USA
ALGN Align Technology, Inc.	1.41 mm	6.05 k shares	0.25	Common equity	Long	USA
XEL Xcel Energy Inc.	1.40 mm	19.34 k shares	0.25	Common equity	Long	USA
AMGN Amgen Inc.	1.40 mm	4.95 k shares	0.25	Common equity	Long	USA
VERA Vera Therapeutics, Inc.	1.39 mm	27.91 k shares	0.24	Common equity	Long	USA
TNDM Tandem Diabetes Care, Inc.	1.38 mm	45.21 k shares	0.24	Common equity	Long	USA
VRNA Verona Pharma plc	1.38 mm	34.92 k shares	0.24	Common equity	Long	UK
GWRE Guidewire Software, Inc.	1.38 mm	776.00 k principal	0.24	Debt	Long	USA
EGYTB 0 12/10/24 CLN 144A	1.35 mm	67.10 mm principal	0.24	Debt	Long	Egypt
EURO GARAGES/EG 02/07/28	1.33 mm	1.25 mm principal	0.23	Loan	Long	Germany
PEGA Pegasystems Inc.	1.26 mm	1.27 mm principal	0.22	Debt	Long	USA
Cathay Pacific Finance III Ltd	1.26 mm	8.00 mm principal	0.22	Debt	Long	Cayman Islands
TIBX TIBCO Software Inc	1.25 mm	1.27 mm principal	0.22	Debt	Long	USA
BSX Boston Scientific Corporation	1.24 mm	13.72 k shares	0.22	Common equity	Long	USA
DYN Dyne Therapeutics, Inc.	1.24 mm	40.53 k shares	0.22	Common equity	Long	USA
CDS ITRAXX.EU.XO.42.V1	1.23 mm	1.00 contracts	0.22	Credit derivative	N/A	USA
MDB MongoDB, Inc.	1.22 mm	772.00 k principal	0.21	Debt	Long	USA
COO The Cooper Companies, Inc.	1.19 mm	11.43 k shares	0.21	Common equity	Long	USA
BA The Boeing Company	1.18 mm	7.61 k shares	0.21	Common equity	Long	USA
JCI Johnson Controls International plc	1.16 mm	13.80 k shares	0.20	Common equity	Long	USA
MNKD MannKind Corporation	1.15 mm	826.00 k principal	0.20	Debt	Long	USA
United States Treasury Note/Bond	1.15 mm	1.15 mm principal	0.20	Debt	Long	USA
KYMR Kymera Therapeutics, Inc.	1.13 mm	24.20 k shares	0.20	Common equity	Long	USA
DOCN DigitalOcean Holdings, Inc.	1.13 mm	1.27 mm principal	0.20	Debt	Long	USA
Covestro AG	1.12 mm	18.33 k shares	0.20	Common equity	Long	Germany
K Hovnanian Enterprises Inc	1.08 mm	975.00 k principal	0.19	Debt	Long	USA
LCI Industries	1.08 mm	1.06 mm principal	0.19	Debt	Long	USA
American Airlines Group Inc	1.07 mm	1.03 mm principal	0.19	Debt	Long	USA
CARR Carrier Global Corporation	1.07 mm	13.86 k shares	0.19	Common equity	Long	USA
NET Cloudflare, Inc.	1.05 mm	1.11 mm principal	0.18	Debt	Long	USA
DXCM DexCom, Inc.	1.05 mm	13.44 k shares	0.18	Common equity	Long	USA
EMN Eastman Chemical Company	1.04 mm	9.98 k shares	0.18	Common equity	Long	USA
Match Group Financeco 2 Inc	1.04 mm	1.11 mm principal	0.18	Debt	Long	USA
Petroleos Mexicanos	1.04 mm	1.50 mm principal	0.18	Debt	Long	Mexico
NAMS NewAmsterdam Pharma Company N.V.	1.03 mm	51.98 k shares	0.18	Common equity	Long	Netherlands
SATS EchoStar Corporation	1.02 mm	943.00 k principal	0.18	Debt	Long	USA
OTEX Open Text Corporation	1.02 mm	976.00 k principal	0.18	Debt	Long	Canada
Valeant Pharmaceuticals International	1.01 mm	1.03 mm principal	0.18	Debt	Long	Canada
IDYA IDEAYA Biosciences, Inc.	995.60 k	36.39 k shares	0.17	Common equity	Long	USA
DS Smith PLC	990.84 k	133.42 k shares	0.17	Common equity	Long	UK
BAUSCH HEALTH TL 01/27/27	987.36 k	1.00 mm principal	0.17	Loan	Long	USA
A Agilent Technologies, Inc.	982.21 k	7.12 k shares	0.17	Common equity	Long	USA
ISRG Intuitive Surgical, Inc.	982.10 k	1.81 k shares	0.17	Common equity	Long	USA
United Airlines Holdings, Inc.	965.78 k	9.97 k shares	0.17	Common equity	Long	USA
BE Bloom Energy Corporation	937.84 k	576.00 k principal	0.16	Debt	Long	USA
GBX The Greenbrier Companies, Inc.	930.95 k	709.00 k principal	0.16	Debt	Long	USA
MSTR MicroStrategy Incorporated	923.33 k	432.00 k principal	0.16	Debt	Long	USA
Indonesia Treasury Bond	920.06 k	14.41 bn principal	0.16	Debt	Long	Indonesia
BSQKZ Block, Inc.	913.78 k	912.00 k principal	0.16	Debt	Long	USA
SATS EchoStar Corporation	903.87 k	1.00 mm principal	0.16	Debt	Long	USA
ATLAS SEC PRODUCTS 0% 2/8	894.77 k	1.09 mm principal	0.16	Debt	Long	USA
SHOP Shopify Inc.	892.73 k	864.00 k principal	0.16	Debt	Long	Canada
VAC Marriott Vacations Worldwide Corporation	890.43 k	932.00 k principal	0.16	Debt	Long	USA
S&S Holdings LLC	886.58 k	875.00 k principal	0.16	Debt	Long	USA
CHS/Community Health Systems Inc	877.59 k	906.00 k principal	0.15	Debt	Long	USA
EIX Edison International	871.84 k	830.00 k principal	0.15	Debt	Long	USA
Argentine Republic Government International Bond	866.51 k	1.36 mm principal	0.15	Debt	Long	Argentina
ALNY Alnylam Pharmaceuticals, Inc.	864.23 k	3.42 k shares	0.15	Common equity	Long	USA
ENPH Enphase Energy, Inc.	860.59 k	923.00 k principal	0.15	Debt	Long	USA
Tunisian Republic	858.03 k	869.00 k principal	0.15	Debt	Long	Tunisia
Provincia de Buenos Aires/Government Bonds	856.28 k	1.31 mm principal	0.15	Debt	Long	Argentina
Canadian Pacific Railway Co	854.62 k	982.00 k principal	0.15	Debt	Long	Canada
ENVX Enovix Corporation	852.99 k	92.22 k shares	0.15	Common equity	Long	USA
IART Integra LifeSciences Holdings Corporation	851.82 k	885.00 k principal	0.15	Debt	Long	USA
Transocean Inc	850.87 k	564.00 k principal	0.15	Debt	Long	Cayman Islands
STVN Stevanato Group S.p.A.	850.41 k	42.46 k shares	0.15	Common equity	Long	Italy
United States Treasury Note/Bond	841.28 k	863.20 k principal	0.15	Debt	Long	USA
CHF CURRENCY	837.03 k	-133.00 contracts	0.15	DFE	N/A	USA
APGE Apogee Therapeutics, Inc.	796.40 k	17.64 k shares	0.14	Common equity	Long	USA
RWE AG	788.51 k	23.34 k shares	0.14	Common equity	Long	Germany
TNDM Tandem Diabetes Care, Inc.	787.86 k	675.00 k principal	0.14	Debt	Long	USA
K HOVNANIAN FIXE 01/31/28	785.78 k	778.00 k principal	0.14	Loan	Long	USA
QTWO Q2 Holdings, Inc.	779.32 k	612.00 k principal	0.14	Debt	Long	USA
FIRST BRANDS GRO 03/30/27	771.14 k	796.31 k principal	0.14	Loan	Long	USA
C$ CURRENCY	767.36 k	-346.00 contracts	0.13	DFE	N/A	USA
Dominican Republic International Bond	753.72 k	42.75 mm principal	0.13	Debt	Long	Dominican Republic
Neoen SA	753.56 k	18.00 k shares	0.13	Common equity	Long	France
PODD Insulet Corporation	752.00 k	588.00 k principal	0.13	Debt	Long	USA
KRYS Krystal Biotech, Inc.	747.43 k	3.79 k shares	0.13	Common equity	Long	USA
Colombia Government International Bond	738.93 k	730.00 k principal	0.13	Debt	Long	Colombia
K Kellogg Company	729.50 k	8.97 k shares	0.13	Common equity	Long	USA
HCP HashiCorp, Inc.	727.10 k	21.63 k shares	0.13	Common equity	Long	USA
Turkiye Vakiflar Bankasi TAO	717.52 k	679.00 k principal	0.13	Debt	Long	Turkey
CDS ITRAXX.EU.42.V1	705.95 k	1.00 contracts	0.12	Credit derivative	N/A	USA
Colombia Government International Bond	698.54 k	695.00 k principal	0.12	Debt	Long	Colombia
PSN Parsons Corporation	691.59 k	325.00 k principal	0.12	Debt	Long	USA
PENN PENN Entertainment, Inc.	688.72 k	603.00 k principal	0.12	Debt	Long	USA
CDS CDX.NA.IG.43.V1	672.35 k	1.00 contracts	0.12	Credit derivative	N/A	USA
VIAV Viavi Solutions Inc.	670.94 k	659.00 k principal	0.12	Debt	Long	USA
Colombian TES	659.94 k	2.58 bn principal	0.12	Debt	Long	Colombia
Adler Financing Sarl	654.01 k	600.00 k principal	0.11	Debt	Long	Luxembourg
Colombian TES	651.16 k	3.53 bn principal	0.11	Debt	Long	Colombia
FIVN Five9, Inc.	646.27 k	664.00 k principal	0.11	Debt	Long	USA
VZIO Vizio Holding Corp.	637.66 k	55.98 k shares	0.11	Common equity	Long	USA
RPAY Repay Holdings Corporation	637.33 k	682.00 k principal	0.11	Debt	Long	USA
EIX Edison International	632.72 k	602.00 k principal	0.11	Debt	Long	USA
EC Ecopetrol S.A.	630.75 k	642.00 k principal	0.11	Debt	Long	Colombia
INVA Innoviva, Inc.	630.69 k	655.00 k principal	0.11	Debt	Long	USA
VREX Varex Imaging Corporation	630.57 k	623.00 k principal	0.11	Debt	Long	USA
PEB Pebblebrook Hotel Trust	628.19 k	672.00 k principal	0.11	Debt	Long	USA
XENE Xenon Pharmaceuticals Inc.	622.48 k	14.60 k shares	0.11	Common equity	Long	Canada
APD Air Products and Chemicals, Inc.	616.50 k	1.84 k shares	0.11	Common equity	Long	USA
Just Eat Takeaway.com NV	614.00 k	600.00 k principal	0.11	Debt	Long	Netherlands
Hazine Mustesarligi Varlik Kiralama AS	611.87 k	612.00 k principal	0.11	Debt	Long	Turkey
EXPE Expedia Group, Inc.	610.67 k	617.00 k principal	0.11	Debt	Long	USA
CAKE The Cheesecake Factory Incorporated	608.25 k	620.00 k principal	0.11	Debt	Long	USA
UPST Upstart Holdings, Inc.	607.15 k	320.00 k principal	0.11	Debt	Long	USA
ECPG Encore Capital Group, Inc.	594.60 k	582.00 k principal	0.10	Debt	Long	USA
Prologis Property Mexico SA de CV	591.35 k	198.55 k shares	0.10	Common equity	Long	Mexico
Colombia Government International Bond	590.01 k	561.00 k principal	0.10	Debt	Long	Colombia
DDOG Datadog, Inc.	583.72 k	351.00 k principal	0.10	Debt	Long	USA
Samarco Mineracao SA	582.62 k	598.98 k principal	0.10	Debt	Long	Brazil
Pakistan Government International Bond	579.90 k	618.00 k principal	0.10	Debt	Long	Pakistan
CBRL Cracker Barrel Old Country Store, Inc.	579.05 k	626.00 k principal	0.10	Debt	Long	USA
COLL Collegium Pharmaceutical, Inc.	569.31 k	522.00 k principal	0.10	Debt	Long	USA
PELOTON INTERA T 05/23/29	568.25 k	554.22 k principal	0.10	Loan	Long	USA
Bundesrepublik Deutschland Bundesanleihe	568.22 k	547.20 k principal	0.10	Debt	Long	Germany
CURIA GLO 04/30/24	567.44 k	592.00 k principal	0.10	Loan	Long	USA
UNH UnitedHealth Group Incorporated	565.05 k	926.00 shares	0.10	Common equity	Long	USA
Yapi ve Kredi Bankasi AS	564.94 k	537.00 k principal	0.10	Debt	Long	Turkey
STEINHOFF/STEENB 06/30/26	551.17 k	505.76 k principal	0.10	Loan	Long	USA
Akbank TAS	548.80 k	536.00 k principal	0.10	Debt	Long	Turkey
Ardonagh Finco Ltd	536.40 k	500.00 k principal	0.09	Debt	Long	Jersey
AMED Amedisys, Inc.	534.75 k	5.85 k shares	0.09	Common equity	Long	USA
Republic of South Africa Government International Bond	521.67 k	515.00 k principal	0.09	Debt	Long	South Africa
American Airlines Group, Inc.	519.24 k	480.00 k principal	0.09	Debt	Long	USA
SABRE FINL BORRO 12/15/28	516.71 k	475.00 k principal	0.09	Loan	Long	USA
HEARTHSIDE FOOD 05/23/25	516.49 k	978.21 k principal	0.09	Loan	Long	USA
Siemens AG	513.98 k	2.64 k shares	0.09	Common equity	Long	Germany
K Hovnanian Enterprises Inc	512.38 k	500.00 k principal	0.09	Debt	Long	USA
WT WisdomTree, Inc.	512.28 k	441.00 k principal	0.09	Debt	Long	USA
OKTA Okta, Inc.	510.05 k	528.00 k principal	0.09	Debt	Long	USA
Guitar Center Inc	506.35 k	598.00 k principal	0.09	Debt	Long	USA
DBX ETF Trust	491.75 k	18.03 k shares	0.09	Common equity	Long	USA
Mitsubishi Electric Corp	487.75 k	28.73 k shares	0.09	Common equity	Long	Japan
Penguin Solutions Inc	487.27 k	441.00 k principal	0.09	Debt	Long	Cayman Islands
Mitchells & Butlers Finance PLC	487.02 k	384.84 k principal	0.09	Debt	Long	UK
SNAP Snap Inc.	485.04 k	492.00 k principal	0.08	Debt	Long	USA
K HOVNANIAN RC S 06/30/26	481.82 k	500.00 k principal	0.08	Loan	Long	USA
Windstream Services LLC / Windstream Escrow Finance Corp	479.13 k	475.00 k principal	0.08	Debt	Long	USA
Republic of South Africa Government International Bond	474.71 k	470.00 k principal	0.08	Debt	Long	South Africa
SMAR Smartsheet Inc.	465.45 k	8.32 k shares	0.08	Common equity	Long	USA
FIL Filo Mining Corp.	463.86 k	20.03 k shares	0.08	Common equity	Long	Canada