# EDGAR Filing Document

**Accession Number:** 0001186641
**File Stem:** 0001193125-25-295501
**Filing Date:** 2025-11
**Character Count:** 16204
**Document Hash:** 439320924863baed9bc576fcb0375ff5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-25-295501.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001193125-25-295501

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** A&Q Long/Short Strategies Fund LLC
- **CENTRAL INDEX KEY:** 0001186641

**ORGANIZATION NAME:**
- **EIN:** 134226337
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21195
- **FILM NUMBER:** 251516166

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) LLC
- **STREET 2:** 787 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019
- **BUSINESS PHONE:** 203-719-1428

**MAIL ADDRESS:**
- **STREET 1:** C/O UBS ASSET MANAGEMENT (AMERICAS) LLC
- **STREET 2:** 787 SEVENTH AVENUE
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10019

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** O'Connor Fund of Funds: Long/Short Strategies LLC
- **DATE OF NAME CHANGE:** 20110429

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** O'Connor Fund of Funds: Long/Short Equity Strategies LLC
- **DATE OF NAME CHANGE:** 20110202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** UBS M2 FUND LLC
- **DATE OF NAME CHANGE:** 20040413

## Nport-Ex

**A&Q Long/Short Strategies Fund LLC** 

**Schedule of Portfolio Investments** 

**(Unaudited)** 

**September 30, 2025** 

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Fund (a)** | **Geographic**<br>**Focus** | **Cost** | **Fair Value** | **% of**<br>**Members'**<br>**Capital** | **Initial**<br>**Acquisition Date** | **Redemption**<br>**Frequency (b)** | **Redemption** <br>**Notice**<br>**Period (c)** | **First Available<br> Redemption Date** | **First Available<br> Redemption Date** | **Dollar Amount of**<br>**Fair Value for**<br>**First Available**<br>**Redemption** |
|  **Equity Hedged** |  |  |  |  |  |  |  |  |  |  |
|  Alyeska Fund, L.P. | US/Canada | $6494877 | $9313459 | 10.43% | 12/1/2022 | Monthly | 90 days | 9/30/2025 |  | $9313459 |
|  Anomaly Capital, L.P. | Global | 7500000 | 8790786 | 9.85 | 8/1/2023 | Custom Quarterly<br>Dates | 60 days | 10/31/2025 | (d),(e) | $1544780 |
|  Averill Partners L.P. | US/Canada | 2989589 | 3607742 | 4.04 | 5/1/2021 | Quarterly | 60 days | 9/30/2025 | (d),(f) | $416997 |
|  Bay Pond Partners, L.P. | Global | 5000000 | 6667789 | 7.47 | 11/1/2024 | Quarterly | 45 days | 9/30/2025 | (d) | $1666947 |
|  Crake Global US Feeder L.P. | Global Markets | 3712164 | 8396343 | 9.42 | 10/1/2019 | Monthly | 45 days | 9/30/2025 |  | $8396343 |
|  Davidson Kempner Talonite Fund LP | Europe including<br>UK | 5000000 | 5073783 | 5.68 | 8/1/2025 | Quarterly | 60 days | 9/30/2025 |  | $5073783 |
|  Jericho Capital Partners L.P. | US/Canada | 1746743 | 7647260 | 8.57 | 6/1/2011 | Quarterly | 60 days | 9/30/2025 |  | $7647260 |
|  Lodge Hill Fund, L.P. | US/Canada | 4000000 | 4474985 | 5.01 | 2/1/2024 | Quarterly | 45 days | 9/30/2025 |  | $4474985 |
|  Merewether Cyclicals Partners, LP | US/Canada | 4000000 | 4123812 | 4.62 | 7/1/2025 | Quarterly | 45 days | 6/30/2026 | (g) | $4123812 |
|  Point72 Capital, L.P. | Global | 4742461 | 9132053 | 10.24 | 6/1/2018 | Quarterly | 45 days | 9/30/2025 | (d) | $2283013 |
|  Point72 Turion Onshore, L.P. | US/Canada | 3330000 | 3944791 | 4.42 | 2/1/2025 | Quarterly | 65 days | 3/31/2026 | (d),(g) | $986198 |
|  Sachem Head LP | US/Canada | 4000000 | 5666697 | 6.35 | 7/1/2024 | Quarterly | 65 days | 9/30/2025 | (d) | $1416574 |
|  The Thomist Fund, L.P. | US/Canada | 2500000 | 3819775 | 4.28 | 6/1/2022 | Monthly | 45 days | 9/30/2025 |  | $3819775 |
|  Visium Balanced Offshore Fund, Ltd. | US/Canada |  |  | 0.00 | 6/1/2011 | N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;N/A | (h) | N/A |
|  WT China Fund Ltd. | Great China | 1834251 | 6866558 | 7.69 | 3/1/2019 | Monthly | 45 days | 9/30/2025 |  | $6866558 |
| &nbsp;&nbsp;&nbsp;&nbsp; **Equity Hedged Subtotal** |  | **56850085** | **87525833** | **98.07** |  |  |  |  |  |  |
|  **Total Investment Funds** |  | $**56850085** | $**87525833** | **98.07%** |  |  |  |  |  |  |
| **Cash Equivalents** | **Shares** | **Cost** | **Fair Value** | **% of<br>Members'<br>Capital** |  |  |  |  |  |  |
|  <br> UBS Select Treasury Institutional Fund, 4.01% (i) | 620096 | $620096 | $620096 | 0.69% |  |  |  |  |  |  |
|  **Total Cash Equivalents** | **620096** | $**620096** | $**620096** | **0.69%** |  |  |  |  |  |  |
|  **Total Investments and Cash Equivalents** |  | $**57470181** | $**88145929** | **98.76%** |  |  |  |  |  |  |
|  Other Assets less Liabilities |  |  | 1110129 | 1.24 |  |  |  |  |  |  |
|  **Members' Capital** |  |  | $**89256058** | **100.00%** |  |  |  |  |  |  |

---

(a) Each Investment Fund noted within the Schedule of Portfolio Investments is non-income producing.

(b) Available frequency of redemptions after the initial lock-up period, if any. Different tranches may have varying
liquidity terms.

(c) Unless otherwise noted, the redemption notice periods are shown in calendar days.

(d) The Investment Fund is subject to an investor level gate of 25%.

(e) A portion of this holding ($2,611,667) is under lock-up and is not redeemable without paying a fee.

(f) A portion of this holding ($1,939,753) is under lock-up and is not redeemable without paying a fee.

(g) This holding is under lock-up and is not redeemable without paying a fee.

(h) All of the Fund's interests in the Investment Fund are held in side pockets or are in liquidation and have
restricted liquidity. In addition to any redemption proceeds that may have already been received, the Fund will continue to receive proceeds periodically as the Investment Fund liquidates its underlying investments.

(i) Investment in affiliate. The Fund holds shares in UBS Select Treasury Institutional Fund, which is registered
under the Investment Company Act of 1940, as amended, and advised by UBS Asset Management (Americas) LLC. The rate shown is the current yield as of September 30, 2025. The audited financial statements of this entity can be found at <u>www.sec.gov</u>.

Complete information about the Investment Funds' underlying investments is not readily available.

------

**A&Q Long/Short Strategies Fund LLC** 

**Schedule of Portfolio Investments (continued)** 

**(Unaudited)** 

**September 30, 2025** 

The Fund's valuation procedures require evaluation of all relevant factors available at the time the Fund values its portfolio. These relevant factors include the individual Investment Funds' compliance with fair value measurements, price transparency and valuation procedures in place, and subscription and redemption activity.

**Portfolio Valuation** 

Net asset value of the Fund is determined by the Fund's administrator, under the oversight of the Adviser, as of the close of business at the end of any fiscal period in accordance with the valuation principles or as may be determined from time to time pursuant to policies established by the Board of Directors.

The investments within the scope of ASC 820, for which fair value is measured using NAV as a practical expedient, should not be categorized within the fair value hierarchy. The total fair value of the investments in Investment Funds valued using NAV as a practical expedient is $87,525,833. Additional disclosures, including liquidity terms and conditions of the underlying investments, are included in the Schedule of Portfolio Investments.

The Investment Funds in the equity hedged strategy (total fair value of $87,525,833) generally utilize fundamental analysis to invest in publicly traded equities through both long and short positions seeking to capture perceived security mispricing. Portfolio construction is driven primarily by bottom-up fundamental research; top-down analysis may also be applied. As of September 30, 2025, the Investment Funds in the equity hedged strategy had $41,933,670 representing 48% of the value of the investments in this category, subject to investor level gates and/or lock-ups. Included in this amount is $12,620,023, representing 14% of the value of the investments in this category, that cannot be redeemed in full because the investments include restrictions that do not allow for redemptions in the first 12-24 months after acquisition. The remaining restriction period for these investments ranges from 3-12 months at September 30, 2025. Investment Funds representing less than 1% of the value of investments in this category are held in side pockets or in liquidation; therefore, the redemption notice period is no longer effective for these investments and the liquidation of assets is uncertain.

Investment Funds with no current redemption restrictions may be subject to future gates, lock-up provisions or other restrictions, in accordance with their offering documents. The Fund had no unfunded capital commitments as of September 30, 2025.

Please refer to the June 30, 2025 financial statements for full disclosure on the Fund's portfolio valuation methodology.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** A&Q Long/Short Strategies Fund LLC

- **b. Investment Company Act file number:** 811-21195

- **c. CIK number of Registrant:** 0001186641

- **d. LEI of Registrant:** 254900O8IEUGGCWEQZ07

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 600 Washington Blvd

  - **City:** Stamford

  - **State:** CT

  - **Foreign country:** US

  - **Zip / Postal Code:** 06901

  - **Telephone number:** 2013523000

**Item A.2. Information about the Series.**

- **a. Name of Series:** A&Q Long/Short Strategies Fund LLC

- **c. LEI of Series:** N/A

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $92991237.91

**Total Liabilities:** $3735179.72

**Net Assets:** $89256058.19

**Cash Not Reported:** $621010.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C999999999 | 2.79%                | 2.52%                | 2.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4767.78                 | $2541407.33                                |
| Month 2  | $134.28                  | $2391226.77                                |
| Month 3  | $1078002.20              | $927320.24                                 |

### Schedule of Portfolio Investments

| Name                                | Title                               | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Alyeska Fund LP                     | Alyeska Fund LP                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   6494878 | OU      | $9313458.79   | 10.43%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Anomaly Capital, LP                 | Anomaly Capital, LP                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   7500000 | OU      | $8790785.29   | 9.85%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Averill Partners L.P.               | Averill Partners L.P.               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2989589 | OU      | $3607741.59   | 4.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Bay Pond Partners, L.P.             | Bay Pond Partners, L.P.             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   5000000 | OU      | $6667789.80   | 7.47%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Crake Global US Feeder L.P.         | Crake Global US Feeder L.P.         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3712164 | OU      | $8396343.00   | 9.41%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Davidson Kempner Talonite Fund LP   | Davidson Kempner Talonite Fund LP   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   5000000 | OU      | $5073783.00   | 5.68%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Jericho Capital Partners L.P.       | Jericho Capital Partners L.P.       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1746742 | OU      | $7647259.56   | 8.57%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Lodge Hill Fund, L.P.               | Lodge Hill Fund, L.P.               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   4000000 | OU      | $4474985.22   | 5.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Merewether Cyclicals Partners, LP   | Merewether Cyclicals Partners, LP   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | NA        |   4000000 | OU      | $4123811.90   | 4.62%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Point72 Capital, L.P.               | Point72 Capital, L.P.               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   4742461 | OU      | $9132053.85   | 10.23%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Point72 Turion Onshore, L.P.        | Point72 Turion Onshore, L.P.        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3330000 | OU      | $3944791.23   | 4.42%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Sachem Head LP                      | Sachem Head LP                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   4000000 | OU      | $5666696.70   | 6.35%             |  |  |  | Yes           | N/A                | On Loan: No      |
| The Thomist Fund, L.P.              | The Thomist Fund, L.P.              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2500000 | OU      | $3819774.91   | 4.28%             |  |  |  | Yes           | N/A                | On Loan: No      |
| WT China Fund Ltd.                  | WT China Fund Ltd.                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   1834251 | OU      | $6866557.87   | 7.69%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Visium Balanced Offshore Fund, Ltd. | Visium Balanced Offshore Fund, Ltd. | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |         0 | OU      | $0.00         | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

**Name of Applicant:** A&Q Long/Short Strategies Fund LLC

**Signature:** Martin Fuchs

**Name of Signer:** A&Q Long/Short Strategies Fund LLC

**Title:** Principal Accounting Officer