# EDGAR Filing Document

**Accession Number:** 0001638600
**File Stem:** 0000894189-26-006432
**Filing Date:** 2026-2
**Character Count:** 4200
**Document Hash:** eaea498bee1981e6ffb73800c3a42cce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-006432.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000894189-26-006432

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** USCA All Terrain Fund
- **CENTRAL INDEX KEY:** 0001638600

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23055
- **FILM NUMBER:** 26693309

**BUSINESS ADDRESS:**
- **STREET 1:** 4444 WESTHEIMER, SUITE G500
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77027
- **BUSINESS PHONE:** 713-366-0500

**MAIL ADDRESS:**
- **STREET 1:** 4444 WESTHEIMER, SUITE G500
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77027

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** All Terrain Fund
- **DATE OF NAME CHANGE:** 20250725

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** USCA All Terrain Fund
- **DATE OF NAME CHANGE:** 20150402

## Nport-Ex

---

| | |
|:---|:---|
| **USCA All Terrain Fund** | |
| **Schedule of Investments** | |
| **December 31, 2025** | |
| &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;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cost** | **Value** |
| **INVESTMENTS IN PRIVATE INVESTMENT COMPANIES <sup>b</sup> - 0.00% <sup>a</sup>** | |
| ***TOTAL INVESTMENTS IN PRIVATE INVESTMENT COMPANIES***<br>| |
| ***(Cost $0)*** | $- |
| **Total Investments (Cost $0) - 0.00% <sup>a</sup>** | $**-** |
| Other Assets in Excess of Liabilities (100.00)% <sup>a</sup> | 1449312 |
| **TOTAL NET ASSETS - 100.00%<sup>a</sup>** | $**1449312** |
| **Footnotes** |  |
| <sup>a</sup> Percentages are stated as a percent of net assets. |  |
| <sup>b</sup> There are no unfunded capital commitments for private investments. |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** USCA All Terrain Fund

- **b. Investment Company Act file number:** 811-23055

- **c. CIK number of Registrant:** 0001638600

- **d. LEI of Registrant:** 549300QGHBWKO0Z7HP49

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

  - **Street Address 1:** 4444 Westheimer Road

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77027

  - **Telephone number:** 888-601-8722

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

- **a. Name of Series:** USCA All Terrain Fund

- **c. LEI of Series:** 549300QGHBWKO0Z7HP49

**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:** $29164142.08

**Total Liabilities:** $27714829.68

**Net Assets:** $1449312.40

**Cash Not Reported:** $1753664.06

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.35%                | 0.51%                | 1.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $415328.89                                 |
| Month 2  | $0.00                    | $182148.89                                 |
| Month 3  | $11497741.90             | $-11132318.89                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Signature

**Date Signed:** 2026-02-26

**Name of Applicant:** USCA All Terrain Fund

**Signature:** /s/ Phil Pilibosian

**Name of Signer:** Phil Pilibosian

**Title:** President