# EDGAR Filing Document

**Accession Number:** 0002023773
**File Stem:** 0000910472-26-003531
**Filing Date:** 2026-3
**Character Count:** 14596
**Document Hash:** 52f897bc5afac23f119d3f816ada5dbb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003531.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000910472-26-003531

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** iDirect Multi-Strategy Fund, LLC
- **CENTRAL INDEX KEY:** 0002023773

**ORGANIZATION NAME:**
- **EIN:** 992289774
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-24047
- **FILM NUMBER:** 26702982

**BUSINESS ADDRESS:**
- **STREET 1:** C/O COMPLIANCE DEPARTMENT
- **STREET 2:** 60 EAST 42ND STREET, 28TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10165
- **BUSINESS PHONE:** (212) 994-7400

**MAIL ADDRESS:**
- **STREET 1:** C/O COMPLIANCE DEPARTMENT
- **STREET 2:** 60 EAST 42ND STREET, 28TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10165

## Nport-Ex

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| ***iDirect Multi-Strategy Fund, LLC*** | ***iDirect Multi-Strategy Fund, LLC*** | ***iDirect Multi-Strategy Fund, LLC*** | ***iDirect Multi-Strategy Fund, LLC*** | ***iDirect Multi-Strategy Fund, LLC*** | ***iDirect Multi-Strategy Fund, LLC*** | ***iDirect Multi-Strategy Fund, LLC*** |
| **PORTFOLIO OF INVESTMENTS (Unaudited)** | **PORTFOLIO OF INVESTMENTS (Unaudited)** | **PORTFOLIO OF INVESTMENTS (Unaudited)** | **PORTFOLIO OF INVESTMENTS (Unaudited)** | **PORTFOLIO OF INVESTMENTS (Unaudited)** | **PORTFOLIO OF INVESTMENTS (Unaudited)** | **PORTFOLIO OF INVESTMENTS (Unaudited)** |
| **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** | **December 31, 2025** |
|  |  | Cost | Fair Value | % of Net Assets | Initial Acquisition Date | Liquidity <sup>(a)</sup> |
| **INVESTMENT FUNDS - 97.20%** | **INVESTMENT FUNDS - 97.20%** |  |  |  |  |  |
| **EQUITY HEDGE - 12.83%** | **EQUITY HEDGE - 12.83%** |  |  |  |  |  |
| WMA Systematic Equity Alpha Long/Short Onshore Fund LP | WMA Systematic Equity Alpha Long/Short Onshore Fund LP | $19005000 | $20137466 | 8.37% | 7/1/2024 | Monthly |
| WMA US Active Extension Onshore Fund LP | WMA US Active Extension Onshore Fund LP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10250000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10731438 | 4.46% | 6/1/2025 | Monthly |
| **TOTAL HEDGE EQUITY** | **TOTAL HEDGE EQUITY** | **29255000** | **30868904** | **12.83%** |  |  |
| **MACRO - 15.80%** | **MACRO - 15.80%** |  |  |  |  |  |
| Brevan Howard Alpha Strategies Fund (Delaware No. 2), L.P. | Brevan Howard Alpha Strategies Fund (Delaware No. 2), L.P. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17955000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18798666 | 7.81% | 7/1/2024 | Monthly |
| The Campbell Absolute Return Onshore Fund LLC | The Campbell Absolute Return Onshore Fund LLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19206383 | 7.98% | 7/1/2024 | Monthly |
| **TOTAL MACRO** | **TOTAL MACRO** | **37160000** | **38005049** | **15.79%** |  |  |
| **MULTI-STRATEGY - 68.57%** | **MULTI-STRATEGY - 68.57%** |  |  |  |  |  |
| Atlas Enhanced Fund, L.P. | Atlas Enhanced Fund, L.P. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41180000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;45349815 | 18.85% | 7/1/2024 | Quarterly |
| Cross Bay Associates Fund LLC | Cross Bay Associates Fund LLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44759000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;49324451 | 20.50% | 7/1/2025 | Quarterly |
| Point72 Capital, L.P. | Point72 Capital, L.P. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;28380000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;33550180 | 13.95% | 7/1/2024 | Quarterly |
| Verition Multi-Strategy Fund, LLC | Verition Multi-Strategy Fund, LLC | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;34565000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36738022 | 15.26% | 7/1/2024 | Quarterly |
| **TOTAL MULTI-STRATEGY** | **TOTAL MULTI-STRATEGY** | **148884000** | **164962467** | **68.56%** |  |  |
| **TOTAL INVESTMENT FUNDS** | **TOTAL INVESTMENT FUNDS** | **$215299000** | **$233836421** | **97.18%** |  |  |
| **SHORT-TERM INVESTMENTS - 6.10%** | **SHORT-TERM INVESTMENTS - 6.10%** |  |  |  |  |  |
| Fidelity Government Portfolio Institutional Class, 3.71% <sup>(b)</sup> | Fidelity Government Portfolio Institutional Class, 3.71% <sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1705801 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1705801 | 0.71% |  |  |
| Fidelity Treasury Portfolio Class I, 3.66% <sup>(b)</sup> | Fidelity Treasury Portfolio Class I, 3.66% <sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12985386 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12985386 | 5.40% |  |  |
| **TOTAL SHORT-TERM INVESTMENTS** | **TOTAL SHORT-TERM INVESTMENTS** | **$14691187** | **$14691187** | **6.11%** |  |  |
| **TOTAL INVESTMENTS - 103.30% (Cost - $229,990,187)** | **TOTAL INVESTMENTS - 103.30% (Cost - $229,990,187)** |  | $248527607 |  |  |  |
| **LIABILITIES IN EXCESS OF OTHER ASSETS - (3.30)%** | **LIABILITIES IN EXCESS OF OTHER ASSETS - (3.30)%** |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7948965) |  |  |  |
| **NET ASSETS - 100.00%** | **NET ASSETS - 100.00%** |  | **$240578642** |  |  |  |
| <sup>(a)</sup> | Available frequency of redemptions after the initial lock up period, if any. Different tranches may have varying liquidity terms. | Available frequency of redemptions after the initial lock up period, if any. Different tranches may have varying liquidity terms. | Available frequency of redemptions after the initial lock up period, if any. Different tranches may have varying liquidity terms. | Available frequency of redemptions after the initial lock up period, if any. Different tranches may have varying liquidity terms. | Available frequency of redemptions after the initial lock up period, if any. Different tranches may have varying liquidity terms. | Available frequency of redemptions after the initial lock up period, if any. Different tranches may have varying liquidity terms. |
| <sup>(b)</sup> | Money market fund; interest rate reflects seven-day effective yield on December 31, 2025.  | Money market fund; interest rate reflects seven-day effective yield on December 31, 2025.  | Money market fund; interest rate reflects seven-day effective yield on December 31, 2025.  | Money market fund; interest rate reflects seven-day effective yield on December 31, 2025.  | Money market fund; interest rate reflects seven-day effective yield on December 31, 2025.  | Money market fund; interest rate reflects seven-day effective yield on December 31, 2025.  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** iDirect Multi Strategy Fund

- **b. Investment Company Act file number:** 811-24047

- **c. CIK number of Registrant:** 0002023773

- **d. LEI of Registrant:** 5299008VBQGGITOZTW38

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

  - **Street Address 1:** 60 EAST 42ND STREET 26TH FLOOR

  - **City:** NEW YORK

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10165

  - **Telephone number:** 212-994-7400

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

- **a. Name of Series:** iDirect Multi-Strategy Fund

- **c. LEI of Series:** 5299008VBQGGITOZTW38

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

- **a. Date of fiscal year-end:** 2026-03-31

- **b. Date as of which information is reported:** 2025-12-31

**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:** $277030831.22

**Total Liabilities:** $36452189.25

**Net Assets:** $240578641.97

**Cash Not Reported:** $27672625.00

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.29%                | 0.59%                | 1.31%                |
| Class ID N/A | 1.09%                | 0.59%                | 1.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $346390.85               | $2221339.58                                |
| Month 2  | $0.00                    | $1299689.28                                |
| Month 3  | $0.00                    | $3505940.17                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| FIDELITY MONEY MARKET PORTFOLI | FIDELITY GOVERNMENT PORT- | CUSIP: 31607A703<br>LEI: N/A | Long             | STIV             | RF                | US        |   1705801 | PA      | $1705800.69   | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| FIDELITY MONEY MARKET PORTFOLI | FID-TRSY PT-I             | CUSIP: 316175504<br>LEI: N/A | Long             | STIV             | RF                | US        |  12985386 | PA      | $12985386.22  | 5.40%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | ATLAS ENHANCED FUND, L.P. | CUSIP: N/A<br>LEI: N/A       | Long             |  | PF                | US        |  41180000 | NS      | $45349815.45  | 18.85%            |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                            | BREVAN HOWARD ALPHA STRAT | CUSIP: N/A<br>LEI: N/A       | Long             |  | PF                | US        |  17955000 | NS      | $18798665.69  | 7.81%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                            | CAMPBELL ABSOLUTE RETURN  | CUSIP: N/A<br>LEI: N/A       | Long             |  | PF                | US        |  19205000 | NS      | $19206383.38  | 7.98%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                            | Cross Bay Associates Fund | CUSIP: N/A<br>LEI: N/A       | Long             |  | PF                | US        |  46703806 | NS      | $49324450.50  | 20.50%            |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                            | POINT72 CAPITAL, L.P.     | CUSIP: N/A<br>LEI: N/A       | Long             |  | PF                | US        |  28380000 | NS      | $33550179.65  | 13.95%            |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                            | VERITION MULTI-STRATEGY   | CUSIP: N/A<br>LEI: N/A       | Long             |  | PF                | US        |  34565000 | NS      | $36738021.79  | 15.27%            |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                            | WMA SEALS ONSHORE FUND LP | CUSIP: N/A<br>LEI: N/A       | Long             |  | PF                | US        |  19005000 | NS      | $20137466.33  | 8.37%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                            | WMA US ACTIVE EXT ONSH FD | CUSIP: N/A<br>LEI: N/A       | Long             |  | PF                | US        |  10250000 | NS      | $10731437.77  | 4.46%             |  |  |  | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-28

**Name of Applicant:** iDirect Multi Strategy Fund

**Signature:** Indira Mahadeo

**Name of Signer:** Indira Mahadeo

**Title:** Treasurer