# EDGAR Filing Document

**Accession Number:** 0001076673
**File Stem:** 0001193125-26-207983
**Filing Date:** 2026-5
**Character Count:** 122449
**Document Hash:** b2e1083ea2c527e182cc6c88d0ce1197
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-207983.hdr.sgml**: 20260506

**ACCESSION NUMBER**: 0001193125-26-207983

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260506

**DATE AS OF CHANGE**: 20260506

**PERIOD START**: 20261231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advantage Advisers Xanthus Fund, L.L.C.
- **CENTRAL INDEX KEY:** 0001076673

**ORGANIZATION NAME:**
- **EIN:** 134038889
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09205
- **FILM NUMBER:** 26946707

**BUSINESS ADDRESS:**
- **STREET 1:** 85 BROAD STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004
- **BUSINESS PHONE:** 212-667-4225

**MAIL ADDRESS:**
- **STREET 1:** 85 BROAD STREET
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10004

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** XANTHUS FUND LLC
- **DATE OF NAME CHANGE:** 19990112

## Nport-Ex

**Advantage Advisers Xanthus Fund, L.L.C.**

**Schedule of Portfolio Investments**

---

| | | |
|:---|:---|:---|
| **Shares** |  | **March 31, 2026 <br> Fair Value** |
|  | **Common Stock – 104.21%** |  |
|  | **United States – 74.32%** |  |
|  | &nbsp;&nbsp;&nbsp;**Aerospace / Defense – 1.99%** |  |
| 181852 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RTX Corp. | $35079251 |
| 20809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TransDigm Group, Inc. (a) | 24116799 |
|  |  | 59196050 |
|  | &nbsp;&nbsp;&nbsp;**Aerospace / Defense - Equipment – 1.11%** |  |
| 100442 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Electric Co. (a) | 28502426 |
| 168196 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Standardaero, Inc.\* | 4344503 |
|  |  | 32846929 |
|  | &nbsp;&nbsp;&nbsp;**Applications Software – 1.91%** |  |
| 152917 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microsoft Corp. (a) | 56605286 |
|  | &nbsp;&nbsp;&nbsp;**Building Products - Air & Heating – 0.17%** |  |
| 37781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Johnson Controls International PLC (a) | 4947422 |
|  | &nbsp;&nbsp;&nbsp;**Building Products - Cement / Aggregate – 4.91%** |  |
| 284302 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CRH PLC (a) | 29885826 |
| 101724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Martin Marietta Materials, Inc. (a) | 59882884 |
| 204724 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vulcan Materials Co. | 55746345 |
|  |  | 145515055 |
|  | &nbsp;&nbsp;&nbsp;**Chemicals - Specialty – 1.32%** |  |
| 514839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Solstice Advanced Materials, Inc.\* | 39210138 |
|  | &nbsp;&nbsp;&nbsp;**Circuit Boards – 0.37%** |  |
| 111942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TTM Technologies, Inc.\* | 10905390 |
|  | &nbsp;&nbsp;&nbsp;**Coatings / Paint – 0.48%** |  |
| 44435 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Sherwin-Williams Co. | 14243639 |
|  | &nbsp;&nbsp;&nbsp;**Commercial Services – 1.36%** |  |
| 56050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cintas Corp. (a) | 9480297 |
| 56029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quanta Services, Inc. | 30761042 |
|  |  | 40241339 |
|  | &nbsp;&nbsp;&nbsp;**Commercial Services - Finance – 0.55%** |  |
| 26883 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;S&P Global, Inc. (a) | 11434415 |
| 173244 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Toast, Inc.\* | 4592698 |
|  |  | 16027113 |
|  | &nbsp;&nbsp;&nbsp;**Computer Aided Design – 4.85%** |  |
| 215870 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cadence Design Systems, Inc.\* (a) | 59983797 |
| 210337 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Synopsys, Inc.\* (a) | 83394414 |
|  |  | 143378211 |
|  | &nbsp;&nbsp;&nbsp;**Computer Software – 0.96%** |  |
| 226816 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Twilio, Inc.\* (a) | 28537989 |
|  | &nbsp;&nbsp;&nbsp;**E-Commerce / Products – 5.26%** |  |
| 748916 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com, Inc.\* (a) | 155976735 |

---

**Advantage Advisers Xanthus Fund, L.L.C.**

**Schedule of Portfolio Investments (Unaudited) (continued)**

---

| | | |
|:---|:---|:---|
| **Shares** |  | **March 31, 2026 <br> Fair Value** |
|  | **Common Stock – (continued)** |  |
|  | **United States – (continued)** |  |
|  | &nbsp;&nbsp;&nbsp;**E-Commerce / Services – 4.78%** |  |
| 168964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DoorDash, Inc., Class A \* | $25369945 |
| 342065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expedia Group, Inc. (a) | 78979388 |
| 514999 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Uber Technologies, Inc.\* | 37043878 |
|  |  | 141393211 |
|  | &nbsp;&nbsp;&nbsp;**Electric - Generation – 1.87%** |  |
| 198347 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellation Energy Corp. (a) | 55388400 |
|  | &nbsp;&nbsp;&nbsp;**Electric – Integrated – 1.76%** |  |
| 464510 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Entergy Corp. (a) | 52192344 |
|  | &nbsp;&nbsp;&nbsp;**Electronic Components - Semiconductors – 3.01%** |  |
| 279979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Analog Devices, Inc. | 89072519 |
|  | &nbsp;&nbsp;&nbsp;**Electronic Connectors – 2.67%** |  |
| 625091 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amphenol Corp., Class A | 78980248 |
|  | &nbsp;&nbsp;&nbsp;**Enterprise Software / Services – 0.57%** |  |
| 248885 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SS&C Technologies Holdings, Inc. | 16817159 |
|  | &nbsp;&nbsp;&nbsp;**Finance - Credit Card – 3.80%** |  |
| 105155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mastercard, Inc., Class A (a) | 52541747 |
| 198835 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Visa, Inc., Class A (a) | 60095890 |
|  |  | 112637637 |
|  | &nbsp;&nbsp;&nbsp;**Finance - Other Services – 1.32%** |  |
| 248414 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intercontinental Exchange, Inc. (a) | 39070554 |
|  | &nbsp;&nbsp;&nbsp;**Gas - Distributions – 0.74%** |  |
| 472378 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NiSource, Inc. | 22041157 |
|  | &nbsp;&nbsp;&nbsp;**Independent Power Producer – 1.81%** |  |
| 356964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vistra Corp. (a) | 53662398 |
|  | &nbsp;&nbsp;&nbsp;**Internet Content - Entertainment – 5.00%** |  |
| 259499 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Meta Platforms, Inc., Class A (a) | 148467163 |
|  | &nbsp;&nbsp;&nbsp;**Machinery – Electric Utilities – 4.64%** |  |
| 243701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BWX Technologies, Inc. (a) | 49834417 |
| 349992 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vertiv Holdings Co., Class A | 87700995 |
|  |  | 137535412 |
|  | &nbsp;&nbsp;&nbsp;**Medical - Drugs – 0.48%** |  |
| 11229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Madrigal Pharmaceuticals, Inc.\* | 5878045 |
| 645814 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ORIC Pharmaceuticals, Inc.\* | 8182463 |
|  |  | 14060508 |
|  | &nbsp;&nbsp;&nbsp;**Private Equity – 0.52%** |  |
| 321007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Carlyle Group, Inc. | 15533529 |
|  | &nbsp;&nbsp;&nbsp;**REITs - Diversified – 1.11%** |  |
| 33455 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equinix, Inc. | 32793929 |

---

**Advantage Advisers Xanthus Fund, L.L.C.**

**Schedule of Portfolio Investments (Unaudited) (continued)**

---

| | | |
|:---|:---|:---|
| **Shares** |  | **March 31, 2026 <br> Fair Value** |
|  | **Common Stock – (continued)** |  |
|  | **United States – (continued)** |  |
|  | &nbsp;&nbsp;&nbsp;**Retail - Apparel / Shoes – 1.34%** |  |
| 76246 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Burlington Stores, Inc. \* (a) | $24808923 |
| 68333 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ross Stores, Inc. | 14802978 |
|  |  | 39611901 |
|  | &nbsp;&nbsp;&nbsp;**Retail - Building Products – 0.24%** |  |
| 29811 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lowe's Cos., Inc. | 7043743 |
|  | &nbsp;&nbsp;&nbsp;**Retail - Major Department Stores – 2.04%** |  |
| 378567 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The TJX Cos., Inc. (a) | 60457150 |
|  | &nbsp;&nbsp;&nbsp;**Retail - Restaurants – 0.44%** |  |
| 70485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Chipotle Mexican Grill, Inc.\* | 2256225 |
| 68086 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yum! Brands, Inc. (a) | 10586011 |
|  |  | 12842236 |
|  | &nbsp;&nbsp;&nbsp;**Semiconductor Equipment – 10.94%** |  |
| 74021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KLA Corp. (a) | 108989261 |
| 512520 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LAM Research Corp. (a) | 109505023 |
| 355330 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teradyne, Inc. (a) | 105341132 |
|  |  | 323835416 |
|  | **Total United States (Cost $1,218,951,212)** | $**2201067910** |
|  | **Australia – 0.64%** |  |
|  | &nbsp;&nbsp;&nbsp;**Metal - Diversified – 0.64%** |  |
| 1469463 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Lynas Rare Earths, Ltd.\* | 19082012 |
|  | **Total Australia (Cost $17,795,608)** | $**19082012** |
|  | **Canada – 0.76%** |  |
|  | &nbsp;&nbsp;&nbsp;**Transport - Rail – 0.76%** |  |
| 286766 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canadian Pacific Kansas City, Ltd. (a) | 22557014 |
|  | **Total Canada (Cost $22,070,275)** | $**22557014** |
|  | **China – 1.50%** |  |
|  | &nbsp;&nbsp;&nbsp;**Auto - Cars / Light Trucks – 0.39%** |  |
| 859200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BYD Co., Ltd., Class H | 11594521 |
|  | &nbsp;&nbsp;&nbsp;**E-Commerce / Products – 0.30%** |  |
| 70179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alibaba Group Holding, Ltd. - Sponsored ADR | 8804657 |
|  | &nbsp;&nbsp;&nbsp;**Schools – 0.46%** |  |
| 241967 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;New Oriental Education & Technology Group, Inc. - Sponsored ADR | 13702591 |
|  | &nbsp;&nbsp;&nbsp;**Transport - Services – 0.35%** |  |
| 1243868 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Full Truck Alliance Co., Ltd. - Sponsored ADR | 10324104 |
|  | **Total China (Cost $39,752,098)** | $**44425873** |

---

**Advantage Advisers Xanthus Fund, L.L.C.**

**Schedule of Portfolio Investments (Unaudited) (continued)**

---

| | | |
|:---|:---|:---|
| **Shares** |  | **March 31, 2026 <br> Fair Value** |
|  | **Common Stock – (continued)** |  |
|  | **France – 6.66%** |  |
|  | &nbsp;&nbsp;&nbsp;**Aerospace / Defense – Equipment – 6.66%** |  |
| 398839 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Airbus SE | $73903592 |
| 382810 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Safran SA | 123235987 |
|  | **Total France (Cost $102,155,847)** | $**197139579** |
|  | **Germany – 6.13%** |  |
|  | &nbsp;&nbsp;&nbsp;**Aerospace / Defense – 0.97%** |  |
| 80049 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MTU Aero Engines AG | 28592062 |
|  | &nbsp;&nbsp;&nbsp;**Athletic Footwear – 0.48%** |  |
| 89659 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;adidas AG | 14116642 |
|  | &nbsp;&nbsp;&nbsp;**Machinery – Electric Utilities – 4.68%** |  |
| 846708 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Siemens Energy AG | 138775822 |
|  | **Total Germany (Cost $65,825,840)** | $**181484526** |
|  | **Hong Kong – 0.31%** |  |
|  | &nbsp;&nbsp;&nbsp;**Casino Hotels – 0.31%** |  |
| 2055000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Galaxy Entertainment Group, Ltd. | 9173873 |
|  | **Total Hong Kong (Cost $10,448,569)** | $**9173873** |
|  | **Japan – 3.25%** |  |
|  | &nbsp;&nbsp;&nbsp;**Audio / Video Products – 1.57%** |  |
| 2287700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sony Group Corp. | 46145134 |
|  | &nbsp;&nbsp;&nbsp;**Chemicals - Diversified – 0.97%** |  |
| 205000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Resonac Holdings Corp.\* | 12630649 |
| 407100 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shin-Etsu Chemical Co., Ltd.\* | 16016336 |
|  |  | 28646985 |
|  | &nbsp;&nbsp;&nbsp;**Life / Health Insurance – 0.12%** |  |
| 4081000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sony Financial Group, Inc. | 3673388 |
|  | &nbsp;&nbsp;&nbsp;**Metal - Copper – 0.10%** |  |
| 55200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sumitomo Metal Mining Co., Ltd.\* | 3072450 |
|  | &nbsp;&nbsp;&nbsp;**Non - Ferrous Metals – 0.49%** |  |
| 700500 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JX Advanced Metals Corp.\* | 14583292 |
|  | **Total Japan (Cost $78,778,457)** | $**96121249** |
|  | **Netherlands – 1.13%** |  |
|  | &nbsp;&nbsp;&nbsp;**Semiconductor Equipment – 1.13%** |  |
| 25238 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASML Holding NV (a) | 33335108 |
|  | **Total Netherlands (Cost $36,200,550)** | $**33335108** |

---

**Advantage Advisers Xanthus Fund, L.L.C.**

**Schedule of Portfolio Investments (Unaudited) (concluded)**

---

| | | |
|:---|:---|:---|
| **Shares** |  | **March 31, 2026 <br> Fair Value** |
|  | **Common Stock – (continued)** |  |
|  | **Taiwan – 8.11%** |  |
|  | &nbsp;&nbsp;&nbsp;**Semiconductor Components - Integrated Circuits – 8.11%** |  |
| 710832 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR | $240225675 |
|  | **Total Taiwan (Cost $118,025,752)** | $**240225675** |
|  | **Uruguay – 1.40%** |  |
|  | &nbsp;&nbsp;&nbsp;**E-Commerce / Services - 1.40%** |  |
| 24007 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;MercadoLibre, Inc.\* (a) | 41508583 |
|  | **Total Uruguay (Cost $17,540,631)** | $**41508583** |
|  | **Total Common Stock (Cost $1,727,544,839)** | $**3086121402** |
|  | **Total Investments in Securities <br> (Cost $1,727,544,839) – 104.21%** | $**3086121402** |
|  | **Total Purchased Options (Cost $360,270,764) - 11.81%** | **349591821** |
|  | **Total Securities Sold, Not Yet Purchased (Proceeds $1,724,448,598) - (50.96)%** | **(1509295221)** |
|  | **Other Assets, in Excess of Liabilities – 34.94%\*\*** | **1035042941** |
|  | **Members' Capital – 100.00%** | $**2961460943** |

---

---

| | |
|:---|:---|
| (a) | Partially or wholly held in a pledge account at the Bank of New York Mellon ("Custodian"), the assets of which are pledged as collateral for securities sold, not yet purchased. |
| \* | Non-income producing security |
| \*\* | Includes $23,355,037 invested in U.S. Dollar Cash Reserve Account held by the Custodian, which is 0.79% of Members' Capital, and foreign currency with a U.S. Dollar value of $0 held in a Foreign Cash Account with the Custodian which is 0.00% of Members' Capital. $13,239,404 of those amounts are held as restricted cash and are in a segregated account with the Custodian, as collateral for securities sold short, not yet purchased, in each case as at March 31, 2026. |
| ADR | American Depository Receipt |
| REIT | Real Estate Investment Trust |

---

**Advantage Advisers Xanthus Fund, L.L.C.**

**Schedule of Purchased Options (Unaudited)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Notional<br> Amount (USD)** | **Contracts** | **Expiration<br> Date<br> Strike Price** |  | **March 31, 2026<br> Fair Value** |
|  |  |  | **Purchased Options – 11.81%** |  |
|  |  |  | **Equity Options – 11.79%** |  |
|  |  |  | **Equity Call Options - 6.85%** |  |
|  |  |  | **United States – 5.20%** |  |
|  |  |  | &nbsp;&nbsp;&nbsp;**Auto - Cars / Light Trucks - 0.10%** |  |
| $61560000 | 1539 | 6/18/2026<br> $400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tesla, Inc. | $3108780 |
|  |  |  | &nbsp;&nbsp;&nbsp;**Casino Hotels - 0.20%** |  |
| 19950000 | 3990 | 6/18/2026<br> $50 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Las Vegas Sands Corp. | 2663325 |
| 18180000 | 2020 | 6/18/2026<br> $90 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wynn Resorts, Ltd. | 3176450 |
|  |  |  |  | 5839775 |
|  |  |  | &nbsp;&nbsp;&nbsp;**Computers - 0.35%** |  |
| 122112000 | 5088 | 5/15/2026<br> $240 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Apple, Inc. | 10290480 |
|  |  |  | &nbsp;&nbsp;&nbsp;**E-Commerce / Products - 0.25%** |  |
| 57722000 | 3038 | 5/15/2026<br> $190 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amazon.com, Inc. | 7443100 |
|  |  |  | &nbsp;&nbsp;&nbsp;**E-Commerce / Services - 0.38%** |  |
| 89250000 | 210 | 6/18/2026<br> $4,250 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Booking Holdings, Inc. | 6460650 |
| 32465500 | 2239 | 6/18/2026<br> $145 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DoorDash, Inc., Class A | 4595548 |
|  |  |  |  | 11056198 |
|  |  |  | &nbsp;&nbsp;&nbsp;**Electronic Components - Semiconductors - 3.16%** |  |
| 50382000 | 2799 | 6/18/2026<br> $180 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices, Inc. | 9936450 |
| 94320000 | 3144 | 6/18/2026<br> $300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Broadcom, Inc. | 10980420 |
| 39176000 | 9794 | 6/18/2026<br> $40 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intel Corp. | 7418955 |
| 53702000 | 9764 | 6/18/2026<br> $55 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Microchip Technology, Inc. | 11667980 |
| 195902000 | 13993 | 6/18/2026<br> $140 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NVIDIA Corp. | 53838067 |
|  |  |  |  | 93841872 |
|  |  |  | &nbsp;&nbsp;&nbsp;**Enterprise Software / Services - 0.17%** |  |
| 65069000 | 4198 | 6/18/2026<br> $155 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palantir Technologies, Inc. | 4890670 |
|  |  |  | &nbsp;&nbsp;&nbsp;**Hotels & Motels - 0.59%** |  |
| 55860000 | 1995 | 6/18/2026<br> $280 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hilton Worldwide Holdings, Inc. | 6982500 |
| 63829000 | 2201 | 6/18/2026<br> $290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marriott International Inc., Class A | 10476760 |
|  |  |  |  | 17459260 |
|  |  |  | **Total United States (Cost $179,774,194)** | $**153930135** |

---

**Advantage Advisers Xanthus Fund, L.L.C.**

**Schedule of Purchased Options (Unaudited) (continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Notional <br> Amount (USD)** | **Contracts** | **Expiration <br> Date<br> Strike Price** | | **March 31, 2026<br> Fair Value** |
|  |  |  | **Purchased Options – (continued)** |  |
|  |  |  | **Equity Options – (continued)** |  |
|  |  |  | **Equity Call Options - (continued)** |  |
|  |  |  | **Canada – 0.66%** |  |
|  |  |  | &nbsp;&nbsp;&nbsp;**Internet Application Software - 0.66%** |  |
| $47719000 | 5614 | 5/15/2026<br> $85 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shopify, Inc. | $19606895 |
|  |  |  | **Total Canada (Cost $20,347,953)** | $**19606895** |
|  |  |  | **Taiwan – 0.99%** |  |
|  |  |  | &nbsp;&nbsp;&nbsp;**Semiconductor Components - Integrated Circuits - 0.99%** |  |
| 165720000 | 5524 | 6/18/2026<br> $300 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Taiwan Semiconductor Manufacturing Co., Ltd. - Sponsored ADR | 29387680 |
|  |  |  | **Total Taiwan (Cost $27,194,779)** | $**29387680** |
|  |  |  | **Total Equity Call Options (Cost $227,316,926)** | $**202924710** |
|  |  |  | **Equity Put Options - 4.94%** |  |
|  |  |  | **United States – 4.94%** |  |
|  |  |  | &nbsp;&nbsp;&nbsp;**Growth & Income - Large Cap - 2.12%** |  |
| 941640000 | 15694 | 9/18/2026<br> $600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P 500 ETF Trust | 30297267 |
| 765828000 | 12156 | 9/18/2026<br> $630 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SPDR S&P 500 ETF Trust | 32717874 |
|  |  |  |  | 63015141 |
|  |  |  | &nbsp;&nbsp;&nbsp;**Machinery - Construction & Mining - 0.10%** |  |
| 39270000 | 561 | 6/18/2026<br> $700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caterpillar, Inc. | 2876528 |
|  |  |  | &nbsp;&nbsp;&nbsp;**Sector Fund - Technology - 2.57%** |  |
| 194563030 | 3385 | 6/18/2026<br> $574.78 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco QQQ Trust Series 1 | 7892128 |
| 687582000 | 12733 | 9/18/2026<br> $540 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco QQQ Trust Series 1 | 29604225 |
| 672030000 | 11790 | 9/18/2026<br> $570 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Invesco QQQ Trust Series 1 | 38364659 |
|  |  |  |  | 75861012 |
|  |  |  | &nbsp;&nbsp;&nbsp;**Semiconductor Equipment - 0.15%** |  |
| 37935000 | 281 | 5/15/2026<br> $1,350 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;KLA Corp. | 1829310 |
| 35960000 | 1798 | 5/15/2026<br> $200 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LAM Research, Corp. | 2611595 |
|  |  |  |  | 4440905 |
|  |  |  | **Total United States (Cost $131,134,833)** | $**146193586** |
|  |  |  | **Total Equity Put Options (Cost $131,134,833)** | $**146193586** |
|  |  |  | **Total Equity Options (Cost $358,451,759)** | $**349118296** |

---

**Advantage Advisers Xanthus Fund, L.L.C.**

**Schedule of Purchased Options (Unaudited) (concluded)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Notional<br> Amount (USD)** | **Contracts** | **Expiration<br> Date<br> Strike Price** | | **March 31, 2026<br> Fair Value** |
|  |  |  | **Purchased Options – (continued)** |  |
|  |  |  | **Currency Put Options - 0.02%** |  |
|  |  |  | **United States – 0.02%** |  |
| $4215637 | 72683400 | 6/18/2026<br> $5.80 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USD-BRL | 473272 |
| 4245828 | 55140626 | 6/18/2026<br> $7.70 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;USD-CNH | 253 |
|  |  |  | **Total United States (Cost $1,819,005)** | **473525** |
|  |  |  | **Total Currency Put Options (Cost $1,819,005)** | **473525** |
|  |  |  | **Total Purchased Options (Cost $360,270,764)** | **349591821** |

---

---

| | |
|:---|:---|
| ADR | American depository receipts |
| BRL | Brazilian Real |
| CNH | Chinese Renminbi Yuan |
| ETF | Exchange-Traded Fund |
| SPDR | Standard & Poor's Depository Receipt |
| USD | United States Dollar |

---

**Advantage Advisers Xanthus Fund, L.L.C.** 

**Schedule of Securities Sold, Not Yet Purchased (Unaudited)**

---

| | | |
|:---|:---|:---|
| **Shares** |  | **March 31, 2026<br> Fair Value** |
|  | **Securities Sold, Not Yet Purchased – 50.96%** |  |
|  | **Common Stock – 50.96%** |  |
|  | **United States – 38.91%** |  |
|  | &nbsp;&nbsp;&nbsp;**Advertising Agencies – 0.66%** |  |
| 260393 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Omnicom Group, Inc. | $19610197 |
|  | &nbsp;&nbsp;&nbsp;**Appliances – 0.35%** |  |
| 192790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Whirlpool Corp. | 10395237 |
|  | &nbsp;&nbsp;&nbsp;**Applications Software – 0.09%** |  |
| 56144 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Elastic NV\* | 2806639 |
|  | &nbsp;&nbsp;&nbsp;**Auto - Cars / Light Trucks – 2.48%** |  |
| 1383010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Motor Co. | 15959935 |
| 154232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tesla, Inc. \* | 57335746 |
|  |  | 73295681 |
|  | &nbsp;&nbsp;&nbsp;**Beverages - Non-Alcoholic – 0.23%** |  |
| 94610 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monster Beverage Corp.\* | 6855441 |
|  | &nbsp;&nbsp;&nbsp;**Brewery – 0.79%** |  |
| 98781 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellation Brands, Inc. | 14817150 |
| 196503 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Molson Coors Beverage Co. | 8461419 |
|  |  | 23278569 |
|  | &nbsp;&nbsp;&nbsp;**Cable / Satellite TV – 0.82%** |  |
| 112151 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Charter Communications, Inc., Class A\* | 24211158 |
|  | &nbsp;&nbsp;&nbsp;**Cellular Telecommunications – 1.22%** |  |
| 172344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T-Mobile US, Inc. | 36197410 |
|  | &nbsp;&nbsp;&nbsp;**Commercial Banks – 1.22%** |  |
| 770925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Regions Financial Corp. | 20136561 |
| 244873 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State Street SPDR S&P Regional Banking ETF | 15953476 |
|  |  | 36090037 |
|  | &nbsp;&nbsp;&nbsp;**Commercial Services - Finance – 1.27%** |  |
| 190009 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Global Payments, Inc. | 12787606 |
| 299809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H&R Block, Inc. | 9515938 |
| 343408 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PayPal Holdings, Inc. \* | 15532344 |
|  |  | 37835888 |
|  | &nbsp;&nbsp;&nbsp;**Computer Data Security – 1.26%** |  |
| 147017 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fortinet, Inc.\* | 12014229 |
| 87105 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qualys, Inc.\* | 7652174 |
| 89809 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Rapid7, Inc.\* | 494848 |
| 144458 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tenable Holdings, Inc.\* | 2443507 |
| 103546 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zscaler, Inc. | 14526468 |
|  |  | 37131226 |
|  | &nbsp;&nbsp;&nbsp;**Computer Graphics – 0.10%** |  |
| 139928 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Figma, Inc., Class A\* | 2958078 |

---

**Advantage Advisers Xanthus Fund, L.L.C.** 

**Schedule of Securities Sold, Not Yet Purchased (Unaudited) (continued)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **March 31, 2026<br> Fair Value** |
|  | **Common Stock – (continued)** |  |
|  | **United States – (continued)** |  |
|  | &nbsp;&nbsp;&nbsp;**Computer Services – 0.76%** |  |
| 148779 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cognizant Technology Solutions Corp. Class A | $9127592 |
| 84617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gartner, Inc. \* | 13398256 |
|  |  | 22525848 |
|  | &nbsp;&nbsp;&nbsp;**Computer Software – 0.28%** |  |
| 272361 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dropbox, Inc., Class A\* | 6188042 |
| 79449 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Teradata Corp.\* | 2036278 |
|  |  | 8224320 |
|  | &nbsp;&nbsp;&nbsp;**Consumer Products - Miscellaneous – 0.23%** |  |
| 70106 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kimberly-Clark Corp. | 6763126 |
|  | &nbsp;&nbsp;&nbsp;**Cosmetics & Toiletries – 0.46%** |  |
| 94643 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Procter & Gamble Co. | 13670235 |
|  | &nbsp;&nbsp;&nbsp;**Data Processing / Management – 0.50%** |  |
| 13831 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fair Isaac Corp.\* | 14765146 |
|  | &nbsp;&nbsp;&nbsp;**Diversified Manufacturing Operations – 1.30%** |  |
| 148234 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Illinois Tool Works, Inc. | 38583828 |
|  | &nbsp;&nbsp;&nbsp;**E-Commerce / Products – 0.24%** |  |
| 144909 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Etsy, Inc. \* | 7242552 |
|  | &nbsp;&nbsp;&nbsp;**Electric Products - Miscellaneous – 0.82%** |  |
| 184609 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Emerson Electric Co. | 24187471 |
|  | &nbsp;&nbsp;&nbsp;**Electronic Components - Miscellaneous - 1.18%** |  |
| 71477 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hubbell Inc. | 35076623 |
|  | &nbsp;&nbsp;&nbsp;**Electronic Components - Semiconductors – 2.81%** |  |
| 282654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advanced Micro Devices, Inc.\* | 57500302 |
| 124971 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GLOBALFOUNDRIES, Inc.\* | 5558710 |
| 126202 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Marvell Technology, Inc. | 12500308 |
| 7088 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monolithic Power Systems, Inc. | 7749665 |
|  |  | 83308985 |
|  | &nbsp;&nbsp;&nbsp;**Electronic Forms - 0.57%** |  |
| 69964 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Adobe, Inc. \* | 17006849 |
|  | &nbsp;&nbsp;&nbsp;**Enterprise Software / Services – 1.38%** |  |
| 278925 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palantir Technologies, Inc.\* | 40801149 |
|  | &nbsp;&nbsp;&nbsp;**E-Services / Consulting - 0.20%** |  |
| 49126 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;CDW Corp. | 5945229 |
|  | &nbsp;&nbsp;&nbsp;**Finance - Credit Card - 0.26%** |  |
| 42063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital One Financial Corp. | 7673553 |

---

**Advantage Advisers Xanthus Fund, L.L.C.** 

**Schedule of Securities Sold, Not Yet Purchased (Unaudited) (continued)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **March 31, 2026<br> Fair Value** |
|  | **Common Stock – (continued)** |  |
|  | **United States – (continued)** |  |
|  | &nbsp;&nbsp;&nbsp;**Food - Miscellaneous / Diversified – 1.34%** |  |
| 416544 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Campbell Soup Co. | $9276435 |
| 215922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conagra Brands, Inc. | 3394294 |
| 387079 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Mills, Inc. | 14407080 |
| 563633 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Kraft Heinz Co. | 12676106 |
|  |  | 39753915 |
|  | &nbsp;&nbsp;&nbsp;**Hotels & Motels – 1.01%** |  |
| 211138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Choice Hotels International, Inc. | 21852783 |
| 97549 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wyndham Hotels & Resorts, Inc. | 7923905 |
|  |  | 29776688 |
|  | &nbsp;&nbsp;&nbsp;**Internet Security – 0.53%** |  |
| 97949 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palo Alto Networks, Inc.\* | 15703184 |
|  | &nbsp;&nbsp;&nbsp;**Investment Management / Advisory Services – 1.49%** |  |
| 489748 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Franklin Resources, Inc. | 11567848 |
| 360230 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;T. Rowe Price Group, Inc. | 32471132 |
|  |  | 44038980 |
|  | &nbsp;&nbsp;&nbsp;**Machinery - Construction & Mining – 0.60%** |  |
| 25187 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caterpillar, Inc. | 17843982 |
|  | &nbsp;&nbsp;&nbsp;**Machinery - Electric Utilities – 1.44%** |  |
| 48974 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GE Vernova, Inc. | 42749405 |
|  | &nbsp;&nbsp;&nbsp;**Medical - Biomedical / Genetics – 0.35%** |  |
| 29157 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Amgen, Inc. | 10258890 |
|  | &nbsp;&nbsp;&nbsp;**Medical - Drugs – 0.65%** |  |
| 78323 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Johnson & Johnson | 19145274 |
|  | &nbsp;&nbsp;&nbsp;**Private Equity – 0.76%** |  |
| 195899 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackstone, Inc. | 22526426 |
|  | &nbsp;&nbsp;&nbsp;**REITs - Diversified – 0.84%** |  |
| 137255 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Digital Realty Trust, Inc. | 24734723 |
|  | &nbsp;&nbsp;&nbsp;**REITs - Office Property – 0.73%** |  |
| 126253 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brandywine Realty Trust | 342146 |
| 140138 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BXP, Inc. | 7273162 |
| 538452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Douglas Emmett, Inc. | 5072218 |
| 14598 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hudson Pacific Properties, Inc. | 86274 |
| 217685 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kilroy Realty Corp. | 6140894 |
| 70665 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SL Green Realty Corp. | 2610365 |
|  |  | 21525059 |
|  | &nbsp;&nbsp;&nbsp;**REITs - Storage – 0.95%** |  |
| 70468 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Extra Space Storage, Inc. | 9240469 |
| 70097 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Public Storage | 18987875 |
|  |  | 28228344 |

---

**Advantage Advisers Xanthus Fund, L.L.C.** 

**Schedule of Securities Sold, Not Yet Purchased (Unaudited) (continued)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **March 31, 2026<br> Fair Value** |
|  | **Common Stock – (continued)** |  |
|  | **United States – (continued)** |  |
|  | &nbsp;&nbsp;&nbsp;**Retail - Home Furnishings – 0.13%** |  |
| 209892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bath & Body Works, Inc. | $3918684 |
|  | &nbsp;&nbsp;&nbsp;**Retail - Miscellaneous / Diversified – 0.13%** |  |
| 278261 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sally Beauty Holdings, Inc.\* | 3853915 |
|  | &nbsp;&nbsp;&nbsp;**Retail - Regional Department Stores – 0.47%** |  |
| 408790 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kohl's Corp. | 5273391 |
| 478796 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Macy's, Inc. | 8661420 |
|  |  | 13934811 |
|  | &nbsp;&nbsp;&nbsp;**Semiconductor Components - Integrated Circuits – 0.43%** |  |
| 98148 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QUALCOMM, Inc. | 12639499 |
|  | &nbsp;&nbsp;&nbsp;**Semiconductor Equipment – 4.71%** |  |
| 363812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VanEck Semiconductor ETF | 139485521 |
|  | &nbsp;&nbsp;&nbsp;**Telephone - Integrated – 0.50%** |  |
| 508777 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AT&T, Inc. | 14749445 |
|  | &nbsp;&nbsp;&nbsp;**Transport - Services – 0.37%** |  |
| 111942 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Parcel Service, Inc. | 11012854 |
|  | **Total United States (Proceeds $1,323,897,167)** | $**1152320074** |
|  | **Belgium – 0.23%** |  |
|  | &nbsp;&nbsp;&nbsp;**Brewery – 0.23%** |  |
| 98251 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Anheuser-Busch InBev SA/NV ADR | 6815672 |
|  | **Total Belgium (Proceeds $6,002,734)** | $**6815672** |
|  | **Canada – 2.33%** |  |
|  | &nbsp;&nbsp;&nbsp;**Apparel Manufacturers – 0.05%** |  |
| 25890 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gildan Activewear, Inc. | 1440779 |
|  | &nbsp;&nbsp;&nbsp;**Enterprise Software / Services – 0.09%** |  |
| 114707 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Open Text Corp. | 2551084 |
|  | &nbsp;&nbsp;&nbsp;**Internet Application Software – 1.91%** |  |
| 477853 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shopify, Inc. | 56682923 |
|  | &nbsp;&nbsp;&nbsp;**Medical - Drugs – 0.00%** |  |
| 5010 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Canopy Growth Corp.\* | 4755 |
|  | &nbsp;&nbsp;&nbsp;**Private Equity – 0.28%** |  |
| 205344 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Brookfield Corp. | 8310272 |
|  | **Total Canada (Proceeds $80,237,913)** | $**68989813** |

---

**Advantage Advisers Xanthus Fund, L.L.C.** 

**Schedule of Securities Sold, Not Yet Purchased (Unaudited) (continued)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **March 31, 2026<br> Fair Value** |
|  | **Common Stock – (continued)** |  |
|  | **China – 1.17%** |  |
|  | &nbsp;&nbsp;&nbsp;**Auto - Cars / Light Trucks – 0.39%** |  |
| 638025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NIO, Inc. - Sponsored ADR\* | $3847291 |
| 454765 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XPeng, Inc. - Sponsored ADR\* | 7781029 |
|  |  | 11628320 |
|  | &nbsp;&nbsp;&nbsp;**Internet Content - Information / Network – 0.61%** |  |
| 362272 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bilibili, Inc. - Sponsored ADR\* | 8172856 |
| 1680800 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Kuaishou Technology | 9672929 |
|  |  | 17845785 |
|  | &nbsp;&nbsp;&nbsp;**Retail - Drug Stores – 0.03%** |  |
| 664645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ping An Healthcare and Technology Co., Ltd. | 976596 |
|  | &nbsp;&nbsp;&nbsp;**Wireless Equipment – 0.14%** |  |
| 1014400 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Xiaomi Corp., Class A \* | 4109250 |
|  | **Total China (Proceeds $39,499,066)** | $**34559951** |
|  | **France – 1.04%** |  |
|  | &nbsp;&nbsp;&nbsp;**Computer Services – 0.36%** |  |
| 92534 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capgemini SE | 10715076 |
|  | &nbsp;&nbsp;&nbsp;**Cosmetics & Toiletries – 0.31%** |  |
| 22457 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;L'Oreal SA | 9039416 |
|  | &nbsp;&nbsp;&nbsp;**Power Conversion / Supply Equipment – 0.37%** |  |
| 41979 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Schneider Electric SE | 11081156 |
|  | **Total France (Proceeds $39,056,467)** | $**30835648** |
|  | **Germany – 0.23%** |  |
|  | &nbsp;&nbsp;&nbsp;**Auto - Cars / Light Trucks – 0.23%** |  |
| 76959 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bayerische Motoren Werke AG | 6916428 |
|  | **Total Germany (Proceeds $6,939,193)** | $**6916428** |
|  | **Hong Kong – 0.14%** |  |
|  | &nbsp;&nbsp;&nbsp;**Electric - Integrated – 0.14%** |  |
| 523000 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Power Assets Holdings, Ltd. | 4072492 |
|  | **Total Hong Kong (Proceeds $3,529,239)** | $**4072492** |
|  | **India – 0.17%** |  |
|  | &nbsp;&nbsp;&nbsp;**Computer Services – 0.17%** |  |
| 363703 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Infosys, Ltd. - Sponsored ADR | 4913628 |
|  | **Total India (Proceeds $6,206,669)** | $**4913628** |

---

**Advantage Advisers Xanthus Fund, L.L.C.** 

**Schedule of Securities Sold, Not Yet Purchased (Unaudited) (continued)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **March 31, 2026<br> Fair Value** |
|  | **Common Stock – (continued)** |  |
|  | **Ireland – 2.15%** |  |
|  | &nbsp;&nbsp;&nbsp;**Building Products - Air & Heating – 0.41%** |  |
| 29384 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trane Technologies PLC | $12245488 |
|  | &nbsp;&nbsp;&nbsp;**Computer Services – 0.49%** |  |
| 72489 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Accenture PLC, Class A | 14373844 |
|  | &nbsp;&nbsp;&nbsp;**Electronic Components - Miscellaneous – 0.42%** |  |
| 59120 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TE Connectivity PLC | 12357262 |
|  | &nbsp;&nbsp;&nbsp;**Power Conversion / Supply Equipment – 0.83%** |  |
| 69452 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eaton Corp PLC | 24840897 |
|  | **Total Ireland (Proceeds $71,470,793)** | $**63817491** |
|  | **Israel – 0.49%** |  |
|  | &nbsp;&nbsp;&nbsp;**Application Software – 0.07%** |  |
| 28195 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Monday.com, Ltd.\* | 1948556 |
|  | &nbsp;&nbsp;&nbsp;**Auto / Truck Parts & Equipment - Original – 0.06%** |  |
| 270647 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Mobileye Global, Inc., Class A\* | 1859345 |
|  | &nbsp;&nbsp;&nbsp;**Computer Data Security – 0.36%** |  |
| 75794 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Check Point Software Technologies, Ltd.\* | 10827173 |
|  | **Total Israel (Proceeds $23,841,638)** | $**14635074** |
|  | **Italy – 0.75%** |  |
|  | &nbsp;&nbsp;&nbsp;**Auto - Cars / Light Trucks – 0.75%** |  |
| 65467 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ferrari NV | 22157305 |
|  | **Total Italy (Proceeds $26,563,842)** | $**22157305** |
|  | **Netherlands – 0.57%** |  |
|  | &nbsp;&nbsp;&nbsp;**Auto - Cars / Light Trucks – 0.10%** |  |
| 421077 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stellantis NV | 2985436 |
|  | &nbsp;&nbsp;&nbsp;**Semiconductor Components - Integrated Circuits – 0.47%** |  |
| 70179 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NXP Semiconductors NV | 13815438 |
|  | **Total Netherlands (Proceeds $19,903,269)** | $**16800874** |
|  | **Switzerland – 0.59%** |  |
|  | &nbsp;&nbsp;&nbsp;**Computer - Peripheral Equipment – 0.22%** |  |
| 70881 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Logitech International SA | 6458677 |
|  | &nbsp;&nbsp;&nbsp;**Medical - Drugs – 0.37%** |  |
| 73012 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Novartis AG - Sponsored ADR | 11152582 |
|  | **Total Switzerland (Proceeds $15,691,941)** | $**17611259** |

---

**Advantage Advisers Xanthus Fund, L.L.C.** 

**Schedule of Securities Sold, Not Yet Purchased (Unaudited) (concluded)** 

---

| | | |
|:---|:---|:---|
| **Shares** |  | **March 31, 2026<br> Fair Value** |
|  | **Common Stock – (continued)** |  |
|  | **Thailand – 0.37%** |  |
|  | &nbsp;&nbsp;&nbsp;**Diversified Manufacturing Operations – 0.37%** |  |
| 20989 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fabrinet | $10946183 |
|  | **Total Thailand (Proceeds $9,106,361)** | $**10946183** |
|  | **United Kingdom – 1.82%** |  |
|  | &nbsp;&nbsp;&nbsp;**Beverages - Wine / Spirits – 0.48%** |  |
| 189485 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Diageo PLC | 14107158 |
|  | &nbsp;&nbsp;&nbsp;**Electronic Components - Semiconductors – 1.34%** |  |
| 263063 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ARM Holdings PLC - Sponsored ADR\* | 39796171 |
|  | **Total United Kingdom (Proceeds $52,502,306)** | $**53903329** |
|  | **Total Common Stock (Proceeds $1,724,448,598)** | $**1509295221** |
|  | **Total Securities Sold, Not Yet Purchased (Proceeds $1,724,448,598)** | $**1509295221** |

---

---

| | |
|:---|:---|
| \* | Non-income producing security |
| ADR | American Depository Receipt |
| ETF | Exchange-Traded Fund |
| REIT | Real Estate Investment Trust |

---

**Advantage Advisers Xanthus Fund, L.L.C.**

**Schedule of Swap Contracts**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Industry | Reference Company | Counterparty | Expiration<br> Date | Trade Date | Spread\* | Payment<br> Frequency | Number of<br> Contracts Long/<br> (Short) | Notional Amount | Unrealized<br> Gain\*\* |
| **Swap Contracts - 7.90%** |  |  |  |  |  |  |  |  |  |
| **Total Return Swap Contracts - Unrealized Gain - 8.58%** | **Total Return Swap Contracts - Unrealized Gain - 8.58%** | **Total Return Swap Contracts - Unrealized Gain - 8.58%** | **Total Return Swap Contracts - Unrealized Gain - 8.58%** | **Total Return Swap Contracts - Unrealized Gain - 8.58%** | **Total Return Swap Contracts - Unrealized Gain - 8.58%** | **Total Return Swap Contracts - Unrealized Gain - 8.58%** | **Total Return Swap Contracts - Unrealized Gain - 8.58%** | **Total Return Swap Contracts - Unrealized Gain - 8.58%** | **Total Return Swap Contracts - Unrealized Gain - 8.58%** |
| **United States - 6.07%** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Private Equity | The Carlyle Group, Inc. | Morgan Stanley | 06/03/2027 | 11/16/2017 | +0.45% | Termination | 503933 | $9271574 | $16992266 |
| &nbsp;&nbsp;&nbsp;Web Portals / ISP | Alphabet, Inc., Class A | Morgan Stanley | 06/03/2027 | 07/08/2011 | +0.45% | Termination | 668176 | 22566780 | 162530905 |
| **Total United States** |  |  |  |  |  |  |  | $**31838354** | $**179523171** |
| **Brazil - 0.08%** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Finance - Other Services | B3 SA-Brasil Bolsa Balcao | Morgan Stanley | 02/01/2029 | 01/30/2019 | +1.00% | Termination | 4501200 | 12123282 | 2512283 |
| **Total Spain** |  |  |  |  |  |  |  | $**12123282** | $**2512283** |
| **Japan - 0.51%** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Audio / Video Products | Sharp Corp. | Morgan Stanley | 12/24/2026 | 08/03/2012 | -0.40% | Termination | (1047900) | (9745536) | 7288667 |
| &nbsp;&nbsp;&nbsp;Office Automation & Equipment | Ricoh Co., Ltd. | Morgan Stanley | 12/24/2026 | 05/24/2012 | -0.40% | Termination | (836200) | (7290698) | 535998 |
| &nbsp;&nbsp;&nbsp;Semiconductor Equipment | Advantest Corp. | Morgan Stanley | 12/24/2026 | 08/26/2011 | -0.40% | Termination | (315000) | (46993371) | 7179074 |
| **Total Japan** |  |  |  |  |  |  |  | $**(64029605)** | $**15003739** |
| **Spain - 0.09%** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Building - Heavy Construction | Cellnex Telecom SA | Morgan Stanley | 01/04/2027 | 05/06/2015 | +0.65% | Termination | 252566 | 4132788 | 2676063 |
| **Total Spain** |  |  |  |  |  |  |  | $**4132788** | $**2676063** |
| **Sweden - 0.03%** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Auto - Cars / Light Trucks | Volvo Car AB, Class B\* | Morgan Stanley | 01/04/2027 | 10/24/2022 | -2.88% | Termination | (856116) | (2764153) | 1013694 |
| **Total United Kingdom** |  |  |  |  |  |  |  | $**(2764153)** | $**1013694** |
| **Taiwan - 0.42%** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Computers - Peripherals Equipments | Innolux Display Corp | Morgan Stanley | 01/27/2027 | 03/18/2010 | -4.00% | Termination | (1402000) | (1097724) | 51155 |
| &nbsp;&nbsp;&nbsp;Electronic Components - Miscellaneous | AUO Corp. | Morgan Stanley | 01/27/2027 | 07/26/2012 | -16.00% | Termination | (2649200) | (1838231) | 239139 |
| &nbsp;&nbsp;&nbsp;Power Conversion / Supply Equipment | Delta Electronics, Inc. | Morgan Stanley | 01/27/2027 | 06/14/2023 | +1.25% | Termination | 374000 | 3650420 | 12149311 |
| **Total Taiwan** |  |  |  |  |  |  |  | $**714465** | $**12439605** |
| **United Kingdom - 1.38%** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Aerospace / Defense | Rolls-Royce Holdings PLC | Morgan Stanley | 12/16/2026 | 05/28/2024 | +0.65% | Termination | 4752322 | 28976904 | 39824201 |
| &nbsp;&nbsp;&nbsp;Cosmetics & Toiletries | Unilever PLC | Morgan Stanley | 01/04/2027 | 12/23/2019 | -0.35% | Termination | (217799) | (12732697) | 544756 |
| &nbsp;&nbsp;&nbsp;Food - Retail | Marks & Spencer Group PLC | Morgan Stanley | 12/16/2026 | 02/16/2016 | -0.30% | Termination | (864523) | (4396640) | 699044 |
| **Total United Kingdom** |  |  |  |  |  |  |  | $**11847567** | $**41068001** |
| **Total Return Swap Contracts - Unrealized Gain\*\*\*** | **Total Return Swap Contracts - Unrealized Gain\*\*\*** | **Total Return Swap Contracts - Unrealized Gain\*\*\*** | **Total Return Swap Contracts - Unrealized Gain\*\*\*** | **Total Return Swap Contracts - Unrealized Gain\*\*\*** |  |  |  | $**(6137302)** | $**254236556** |

---

**Advantage Advisers Xanthus Fund, L.L.C.**

**Schedule of Swap Contracts (concluded)**

---

| | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;&nbsp;Industry | Reference Company | Counterparty | Expiration<br> Date | Trade Date | Financing<br> rate\* | Payment<br> Frequency | Number of<br> Contracts Long/<br> (Short) | Notional Amount | Unrealized<br> Loss\*\* |
| **Swap Contracts - (continued)** | **Swap Contracts - (continued)** |  |  |  |  |  |  |  |  |
| **Total Return Swap Contracts - Unrealized Loss - (0.68%)** | **Total Return Swap Contracts - Unrealized Loss - (0.68%)** | **Total Return Swap Contracts - Unrealized Loss - (0.68%)** | **Total Return Swap Contracts - Unrealized Loss - (0.68%)** | **Total Return Swap Contracts - Unrealized Loss - (0.68%)** | **Total Return Swap Contracts - Unrealized Loss - (0.68%)** | **Total Return Swap Contracts - Unrealized Loss - (0.68%)** | **Total Return Swap Contracts - Unrealized Loss - (0.68%)** | **Total Return Swap Contracts - Unrealized Loss - (0.68%)** | **Total Return Swap Contracts - Unrealized Loss - (0.68%)** |
| **Australia - (0.12%)** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Commer Banks Non-US | Commonwealth Bank of Australia | Morgan Stanley | 12/29/2026 | 02/24/2016 | -0.40% | Termination | (252380) | $(25643369) | $(3470050) |
| **Total Australia** |  |  |  |  |  |  |  | $**(25643369)** | $**(3470050)** |
| **Denmark - (0.19%)** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Transport - Services | DSV A/S | Morgan Stanley | 01/04/2027 | 12/29/2025 | +0.65% | Termination | 126323 | 35386154 | (5716436) |
| **Total Denmark** |  |  |  |  |  |  |  | $**35386154** | $**(5716436)** |
| **Japan - (0.21%)** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Office Automation & Equipment | Canon, Inc. | Morgan Stanley | 12/24/2026 | 03/31/2020 | -0.40% | Termination | (1025100) | (27554989) | (461290) |
| &nbsp;&nbsp;&nbsp;Semiconductor Equipment | Lasertec Corp. | Morgan Stanley | 12/24/2026 | 06/23/2025 | -0.40% | Termination | (93000) | (18800261) | (600808) |
| &nbsp;&nbsp;&nbsp;Semiconductor Equipment | Tokyo Electron, Ltd. | Morgan Stanley | 12/24/2026 | 11/10/2020 | -0.40% | Termination | (196600) | (40064794) | (5318772) |
| **Total Japan** |  |  |  |  |  |  |  | $**(86420044)** | $**(6380870)** |
| **South Korea - (0.10%)** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Engine-Internal Combustion | Doosan Corp. | Morgan Stanley | 03/01/2028 | 02/25/2026 | +0.90% | Termination | 17112 | 14324927 | (2913656) |
| **Total United Kingdom** |  |  |  |  |  |  |  | $**14324927** | $**(2913656)** |
| **Taiwan - (0.05%)** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Semiconductor Components - Integrated Circuits | United Microelectronics Corp. | Morgan Stanley | 01/27/2027 | 08/08/2013 | -1.25% | Termination | (8866000) | (15068489) | (1612975) |
| **Total Taiwan** |  |  |  |  |  |  |  | $**(15068489)** | $**(1612975)** |
| **United Kingdom - (0.01%)** |  |  |  |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Aerospace / Defense | Bae Systems PLC | Morgan Stanley | 12/16/2026 | 02/19/2026 | +0.65% | Termination | 496743 | 14505280 | (152099) |
| **Total United Kingdom** |  |  |  |  |  |  |  | $**14505280** | $**(152099)** |
| **Total Return Swap Contracts - Unrealized Loss\*\*\*\*** | **Total Return Swap Contracts - Unrealized Loss\*\*\*\*** | **Total Return Swap Contracts - Unrealized Loss\*\*\*\*** |  |  |  |  |  | $**(62915541)** | $**(20246086)** |
| **Total Swap Contracts - net** |  |  |  |  |  |  |  | $**(69052843)** | $**233990470** |

---

---

| | |
|:---|:---|
| \* | The financing rate is based on the Daily Fed Funds Effective Rate of 3.64% +/- the Spread. The financing rate is variable and the rate is indicated as of March 31, 2026. |
| \*\* | 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 seperately 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. |

---

**The following is a summary of the inputs used, as of March 31, 2026, in valuing the Company's investments at fair value**

---

| | |
|:---|:---|
| **<u>Assets:</u>** | |
| **<u>Valuation Inputs</u>** |  |
| Level 1 - Quoted Prices<br> Investments in Securities |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stock | $3086121402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity Options | 349118296 |
| Level 2 - Other Significant<br> Observable Inputs |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Return Swaps | 254236556 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Currency Options | 473525 |
| Level 3 - Other Significant<br> Unobservable Inputs | - |
| Total | $3689949779 |

---

---

| | |
|:---|:---|
| **<u>Liabilities:</u>** | |
| **<u>Valuation Inputs</u>** |  |
| Level 1 - Quoted Prices<br> Securities Sold, Not Yet Purchased |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stock | $1509295221 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity Options |  |
| Level 2 - Other Significant<br> Observable Inputs |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Return Swaps | 20246086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Currency Options |  |
| Level 3 - Other Significant<br> Unobservable Inputs | - |
| Total | $1529541307 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Advantage Advisers Xanthus Fund, L.L.C.

- **b. Investment Company Act file number:** 811-09205

- **c. CIK number of Registrant:** 0001076673

- **d. LEI of Registrant:** 54930075C2CH854P7245

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

  - **Street Address 1:** 85 Broad Street

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10004

  - **Telephone number:** 212-667-4225

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

- **a. Name of Series:** Advantage Advisers Xanthus Fund, L.L.C.

- **c. LEI of Series:** 54930075C2CH854P7245

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $4896419750.00

**Total Liabilities:** $1934958807.00

**Net Assets:** $2961460943.00

**Cash Not Reported:** $23355037.00

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C999999999 | 2.29%                | 1.64%                | -6.70%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $13123385.29             | $151775817.73                              |
| Month 2  | $72349539.60             | $53723196.10                               |
| Month 3  | $36281550.56             | $-252799048.12                             |

**Designated Index Information**

- **Index Name:** MSCI World Index

- **Index Identifier:** MXWO

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amazon.com Inc                                    | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3038 | NC      | $7443100.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                         | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      5088 | NC      | $10290480.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Booking Holdings Inc                              | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       210 | NC      | $6460650.00    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                                      | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3144 | NC      | $10980420.00   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                                | Common Stock      | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |    279979 | NS      | $89072519.06   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                                   | Common Stock      | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |     25238 | NS      | $33335107.54   | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                                          | Common Stock      | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Short            | EC               | CORP              | US        |   -508777 | NS      | $-14749445.23  | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Bath & Body Works Inc                             | Common Stock      | CUSIP: 070830104<br>LEI: GR3KVMWVCR54YWQNXU90 | Short            | EC               | CORP              | US        |   -209892 | NS      | $-3918683.64   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                               | Common Stock      | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |    100442 | NS      | $28502426.34   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| General Mills Inc                                 | Common Stock      | CUSIP: 370334104<br>LEI: 2TGYMUGI08PO8X8L6150 | Short            | EC               | CORP              | US        |   -387079 | NS      | $-14407080.38  | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Gildan Activewear Inc                             | Common Stock      | CUSIP: 375916103<br>LEI: 549300SB3IBI34M00Z45 | Short            | EC               | CORP              | CA        |    -25890 | NS      | $-1440778.50   | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Global Payments Inc                               | Common Stock      | CUSIP: 37940X102<br>LEI: 549300NOMHGVQBX6S778 | Short            | EC               | CORP              | US        |   -190009 | NS      | $-12787605.70  | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                                    | Common Stock      | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |    105155 | NS      | $52541747.30   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| MercadoLibre Inc                                  | Common Stock      | CUSIP: 58733R102<br>LEI: 549300DKPDN9M5S8GB14 | Long             | EC               | CORP              | AR        |     24007 | NS      | $41508583.14   | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc                                | Common Stock      | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |    259499 | NS      | $148467162.87  | 5.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                    | Common Stock      | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |    152917 | NS      | $56605285.89   | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Mobileye Global Inc                               | Common Stock      | CUSIP: 60741F104<br>LEI: N/A                  | Short            | EC               | CORP              | IL        |   -270647 | NS      | $-1859344.89   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| Molson Coors Beverage Co                          | Common Stock      | CUSIP: 60871R209<br>LEI: 54930073LBBH6ZCBE225 | Short            | EC               | CORP              | US        |   -196503 | NS      | $-8461419.18   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Monday.com Ltd                                    | Common Stock      | CUSIP: M7S64H106<br>LEI: N/A                  | Short            | EC               | CORP              | IL        |    -28195 | NS      | $-1948556.45   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Monolithic Power Systems Inc                      | Common Stock      | CUSIP: 609839105<br>LEI: 529900TB7O85LSZ1XU31 | Short            | EC               | CORP              | US        |     -7088 | NS      | $-7749664.80   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Monster Beverage Corp                             | Common Stock      | CUSIP: 61174X109<br>LEI: 52990090AP0E7HCB6F33 | Short            | EC               | CORP              | US        |    -94610 | NS      | $-6855440.60   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| MTU Aero Engines AG                               | Common Stock      | CUSIP: N/A<br>LEI: 529900807L67JY81RD65       | Long             | EC               | CORP              | DE        |     80049 | NS      | $28592061.92   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| NiSource Inc                                      | Common Stock      | CUSIP: 65473P105<br>LEI: 549300D8GOWWH0SJB189 | Long             | EC               | CORP              | US        |    472378 | NS      | $22041157.48   | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NXP Semiconductors NV                             | Common Stock      | CUSIP: N6596X109<br>LEI: 724500M9BY5293JDF951 | Short            | EC               | CORP              | NL        |    -70179 | NS      | $-13815437.94  | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| Omnicom Group Inc                                 | Common Stock      | CUSIP: 681919106<br>LEI: HKUPACFHSSASQK8HLS17 | Short            | EC               | CORP              | US        |   -260393 | NS      | $-19610196.83  | -0.66%            |  |  |  | No            |                  1 | On Loan: No      |
| Open Text Corp                                    | Common Stock      | CUSIP: 683715106<br>LEI: 549300HP7ONDQODZJV16 | Short            | EC               | CORP              | CA        |   -114707 | NS      | $-2551083.68   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| ORIC Pharmaceuticals Inc                          | Common Stock      | CUSIP: 68622P109<br>LEI: 54930033FJRNEYBW0L25 | Long             | EC               | CORP              | US        |    645814 | NS      | $8182463.38    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                         | Common Stock      | CUSIP: 69608A108<br>LEI: 549300UVN46B3BBDHO85 | Short            | EC               | CORP              | US        |   -278925 | NS      | $-40801149.00  | -1.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc                            | Common Stock      | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Short            | EC               | CORP              | US        |    -97949 | NS      | $-15703183.68  | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| PayPal Holdings Inc                               | Common Stock      | CUSIP: 70450Y103<br>LEI: 5493005X2GO78EFZ3E94 | Short            | EC               | CORP              | US        |   -343408 | NS      | $-15532343.84  | -0.52%            |  |  |  | No            |                  1 | On Loan: No      |
| Ping An Healthcare and Technology Co Ltd          | Common Stock      | CUSIP: N/A<br>LEI: 2549009NW1LO017CP285       | Short            | EC               | CORP              | CN        |   -664645 | NS      | $-976596.31    | -0.03%            |  |  |  | Yes           |                  1 | On Loan: No      |
| Power Assets Holdings Ltd                         | Common Stock      | CUSIP: N/A<br>LEI: N/A                        | Short            | EC               | CORP              | HK        |   -523000 | NS      | $-4072491.77   | -0.14%            |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The                           | Common Stock      | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Short            | EC               | CORP              | US        |    -94643 | NS      | $-13670234.92  | -0.46%            |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                      | Common Stock      | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Short            | EC               | CORP              | US        |    -98148 | NS      | $-12639499.44  | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Qualys Inc                                        | Common Stock      | CUSIP: 74758T303<br>LEI: 549300EMBXYOW9W1XA17 | Short            | EC               | CORP              | US        |    -87105 | NS      | $-7652174.25   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                                      | Common Stock      | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |    210337 | NS      | $83394413.76   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc                            | Common Stock      | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Short            | EC               | CORP              | US        |   -360230 | NS      | $-32471132.20  | -1.10%            |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                               | Common Stock      | CUSIP: G87052109<br>LEI: 6367003TB6K484NFHE54 | Short            | EC               | CORP              | IE        |    -59120 | NS      | $-12357262.40  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| Tenable Holdings Inc                              | Common Stock      | CUSIP: 88025T102<br>LEI: 5493004S5OMPESF0EF83 | Short            | EC               | CORP              | US        |   -144458 | NS      | $-2443507.12   | -0.08%            |  |  |  | No            |                  1 | On Loan: No      |
| Teradata Corp                                     | Common Stock      | CUSIP: 88076W103<br>LEI: 549300JU9SOUHV4U4R71 | Short            | EC               | CORP              | US        |    -79449 | NS      | $-2036277.87   | -0.07%            |  |  |  | No            |                  1 | On Loan: No      |
| Teradyne Inc                                      | Common Stock      | CUSIP: 880770102<br>LEI: C3X4YJ278QNZHRJULN75 | Long             | EC               | CORP              | US        |    355330 | NS      | $105341131.80  | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                         | Common Stock      | CUSIP: 88160R101<br>LEI: 54930043XZGB27CTOV49 | Short            | EC               | CORP              | US        |   -154232 | NS      | $-57335746.00  | -1.94%            |  |  |  | No            |                  1 | On Loan: No      |
| Campbell's Company/The                            | Common Stock      | CUSIP: 134429109<br>LEI: 5493007JDSMX8Z5Z1902 | Short            | EC               | CORP              | US        |   -416544 | NS      | $-9276434.88   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                                   | Common Stock      | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |    378567 | NS      | $60457149.90   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                                   | Common Stock      | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Short            | EC               | CORP              | US        |   -172344 | NS      | $-36197410.32  | -1.22%            |  |  |  | No            |                  1 | On Loan: No      |
| Toast Inc                                         | Common Stock      | CUSIP: 888787108<br>LEI: 549300TN1PZNLCD4I551 | Long             | EC               | CORP              | US        |    173244 | NS      | $4592698.44    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                            | Common Stock      | CUSIP: G8994E103<br>LEI: 549300BURLR9SLYY2705 | Short            | EC               | CORP              | US        |    -29384 | NS      | $-12245488.16  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| TransDigm Group Inc                               | Common Stock      | CUSIP: 893641100<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | EC               | CORP              | US        |     20809 | NS      | $24116798.64   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| TTM Technologies Inc                              | Common Stock      | CUSIP: 87305R109<br>LEI: 549300SC4BDOIS008048 | Long             | EC               | CORP              | US        |    111942 | NS      | $10905389.64   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Twilio Inc                                        | Common Stock      | CUSIP: 90138F102<br>LEI: 5493004W8TRGD63APX93 | Long             | EC               | CORP              | US        |    226816 | NS      | $28537989.12   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Uber Technologies Inc                             | Common Stock      | CUSIP: 90353T100<br>LEI: 549300B2FTG34FILDR98 | Long             | EC               | CORP              | US        |    514999 | NS      | $37043878.07   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                         | Common Stock      | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Short            | EC               | CORP              | US        |   -111942 | NS      | $-11012853.96  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| VanEck Semiconductor ETF                          | Common Stock      | CUSIP: 92189F676<br>LEI: 549300MJTG2N9QRH7I02 | Short            | EC               | CORP              | US        |   -363812 | NS      | $-139485520.80 | -4.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Vertiv Holdings Co                                | Common Stock      | CUSIP: 92537N108<br>LEI: 549300KTTIRAOGXCRV69 | Long             | EC               | CORP              | US        |    349992 | NS      | $87700995.36   | 2.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Advantest Corp                                    | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        | -46993371 | OU      | $7179074.03    | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| Alphabet Inc                                      | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |  22566780 | OU      | $162530905.45  | 5.49%             |  |  |  | No            |                  2 | On Loan: No      |
| Auo Corp                                          | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | TW        |  -1838231 | OU      | $239138.57     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Wynn Resorts, Limited                             | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2020 | NC      | $3176450.00    | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| FXOPTION USD CALL/BRL PUT STR 5.80 EXP 06/18/2026 | Currency Option   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |  72683400 | NC      | $473271.79     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| FXOPTION USD CALL/CNH PUT STR 7.70 EXP 06/18/2026 | Currency Option   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |  55140626 | NC      | $253.32        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Bayerische Motoren Werke AG                       | Common Stock      | CUSIP: N/A<br>LEI: YEH5ZCD6E441RHVHD759       | Short            | EC               | CORP              | DE        |    -76959 | NS      | $-6916428.47   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                                    | Common Stock      | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Short            | EC               | CORP              | US        |   -195899 | NS      | $-22526426.01  | -0.76%            |  |  |  | No            |                  1 | On Loan: No      |
| Brookfield Corp                                   | Common Stock      | CUSIP: 11271J107<br>LEI: C6J3FGIWG6MBDGTE8F80 | Short            | EC               | CORP              | CA        |   -205344 | NS      | $-8310271.68   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Burlington Stores Inc                             | Common Stock      | CUSIP: 122017106<br>LEI: 5299003Z37DVGKKC1W09 | Long             | EC               | CORP              | US        |     76246 | NS      | $24808923.48   | 0.84%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies Inc                              | Common Stock      | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |    243701 | NS      | $49834417.49   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                                        | Common Stock      | CUSIP: N/A<br>LEI: 5299005557VL7ULJ7A69       | Long             | EC               | CORP              | CN        |    859200 | NS      | $11594520.55   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Design Systems Inc                        | Common Stock      | CUSIP: 127387108<br>LEI: GCT7RXJOGLXPV0NXZY22 | Long             | EC               | CORP              | US        |    215870 | NS      | $59983796.90   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City Ltd                  | Common Stock      | CUSIP: 13646K108<br>LEI: 54930036474DURYNB481 | Long             | EC               | CORP              | CA        |    286766 | NS      | $22557013.56   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Canopy Growth Corp                                | Common Stock      | CUSIP: 138035704<br>LEI: 529900CSD7NH1UBC9X07 | Short            | EC               | CORP              | CA        |     -5010 | NS      | $-4755.49      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Capgemini SE                                      | Common Stock      | CUSIP: N/A<br>LEI: 96950077L0TN7BAROX36       | Short            | EC               | CORP              | FR        |    -92534 | NS      | $-10715076.33  | -0.36%            |  |  |  | No            |                  1 | On Loan: No      |
| Capital One Financial Corp                        | Common Stock      | CUSIP: 14040H105<br>LEI: ZUE8T73ROZOF6FLBAR73 | Short            | EC               | CORP              | US        |    -42063 | NS      | $-7673553.09   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Group Inc/The                             | Common Stock      | CUSIP: 14316J108<br>LEI: 529900NGGVF94UK6PG95 | Long             | EC               | CORP              | US        |    321007 | NS      | $15533528.73   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                   | Common Stock      | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Short            | EC               | CORP              | US        |    -25187 | NS      | $-17843982.02  | -0.60%            |  |  |  | No            |                  1 | On Loan: No      |
| CDW Corp                                          | Common Stock      | CUSIP: 12514G108<br>LEI: 9845001B052ABF0B6755 | Short            | EC               | CORP              | US        |    -49126 | NS      | $-5945228.52   | -0.20%            |  |  |  | No            |                  1 | On Loan: No      |
| Charter Communications Inc                        | Common Stock      | CUSIP: 16119P108<br>LEI: 0J0XRGZE3PBRFEZ7MV65 | Short            | EC               | CORP              | US        |   -112151 | NS      | $-24211157.88  | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Check Point Software Technologies Ltd             | Common Stock      | CUSIP: M22465104<br>LEI: N/A                  | Short            | EC               | CORP              | IL        |    -75794 | NS      | $-10827172.90  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Chipotle Mexican Grill Inc                        | Common Stock      | CUSIP: 169656105<br>LEI: 5493007DZOMUBASCBX97 | Long             | EC               | CORP              | US        |     70485 | NS      | $2256224.85    | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Choice Hotels International Inc                   | Common Stock      | CUSIP: 169905106<br>LEI: 5493003CYRY5RFGTIR97 | Short            | EC               | CORP              | US        |   -211138 | NS      | $-21852783.00  | -0.74%            |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                                       | Common Stock      | CUSIP: 172908105<br>LEI: 549300QVUQTTKMTE0G41 | Long             | EC               | CORP              | US        |     56050 | NS      | $9480297.00    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Cognizant Technology Solutions Corp               | Common Stock      | CUSIP: 192446102<br>LEI: 5493006IEVQEFQO40L83 | Short            | EC               | CORP              | US        |   -148779 | NS      | $-9127591.65   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Conagra Brands Inc                                | Common Stock      | CUSIP: 205887102<br>LEI: 54930035UDEIH090K650 | Short            | EC               | CORP              | US        |   -215922 | NS      | $-3394293.84   | -0.11%            |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                          | Common Stock      | CUSIP: 21036P108<br>LEI: BQ09QWZNPOIXZRTDFO83 | Short            | EC               | CORP              | US        |    -98781 | NS      | $-14817150.00  | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Energy Corp                         | Common Stock      | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |    198347 | NS      | $55388399.75   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOBALFOUNDRIES Inc                               | Common Stock      | CUSIP: G39387108<br>LEI: 549300BA76VK784VMX48 | Short            | EC               | CORP              | US        |   -124971 | NS      | $-5558710.08   | -0.19%            |  |  |  | No            |                  1 | On Loan: No      |
| H&R Block Inc                                     | Common Stock      | CUSIP: 093671105<br>LEI: 549300CE3KUCWLZBG404 | Short            | EC               | CORP              | US        |   -299809 | NS      | $-9515937.66   | -0.32%            |  |  |  | No            |                  1 | On Loan: No      |
| Hubbell Inc                                       | Common Stock      | CUSIP: 443510607<br>LEI: 54930088VDQ6840Y6597 | Short            | EC               | CORP              | US        |    -71477 | NS      | $-35076622.98  | -1.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Hudson Pacific Properties Inc                     | Common Stock      | CUSIP: 444097406<br>LEI: 529900EURZA5HRSXQ389 | Short            | EC               | CORP              | US        |    -14598 | NS      | $-86274.18     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                           | Common Stock      | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Short            | EC               | CORP              | US        |   -148234 | NS      | $-38583827.86  | -1.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange Inc                     | Common Stock      | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |    248414 | NS      | $39070553.92   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                                 | Common Stock      | CUSIP: 478160104<br>LEI: 549300B4982VTEEFO594 | Short            | EC               | CORP              | US        |    -78323 | NS      | $-19145274.12  | -0.65%            |  |  |  | No            |                  1 | On Loan: No      |
| Johnson Controls International plc                | Common Stock      | CUSIP: G51502105<br>LEI: 549300XQ6S1GYKGBL205 | Long             | EC               | CORP              | US        |     37781 | NS      | $4947421.95    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| JX Advanced Metals Corp                           | Common Stock      | CUSIP: N/A<br>LEI: 549300RMIXFO2QSIGB75       | Long             | EC               | CORP              | JP        |    700500 | NS      | $14583292.48   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp                               | Common Stock      | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Short            | EC               | CORP              | US        |    -70106 | NS      | $-6763125.82   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                          | Common Stock      | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |     74021 | NS      | $108989260.61  | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Kohl's Corp                                       | Common Stock      | CUSIP: 500255104<br>LEI: 549300JF6LPRTRJ0FH50 | Short            | EC               | CORP              | US        |   -408790 | NS      | $-5273391.00   | -0.18%            |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The                                | Common Stock      | CUSIP: 500754106<br>LEI: 5493003STKEZ2S0RNU91 | Short            | EC               | CORP              | US        |   -563633 | NS      | $-12676106.17  | -0.43%            |  |  |  | No            |                  1 | On Loan: No      |
| Kuaishou Technology                               | Common Stock      | CUSIP: N/A<br>LEI: N/A                        | Short            | EC               | CORP              | CN        |  -1680800 | NS      | $-9672928.71   | -0.33%            |  |  |  | Yes           |                  1 | On Loan: No      |
| Lam Research Corp                                 | Common Stock      | CUSIP: 512807306<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |    512520 | NS      | $109505023.20  | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Logitech International SA                         | Common Stock      | CUSIP: H50430232<br>LEI: 549300SN6PRK6IJJC215 | Short            | EC               | CORP              | CH        |    -70881 | NS      | $-6458676.72   | -0.22%            |  |  |  | No            |                  1 | On Loan: No      |
| L'Oreal SA                                        | Common Stock      | CUSIP: N/A<br>LEI: 529900JI1GG6F7RKVI53       | Short            | EC               | CORP              | FR        |    -22457 | NS      | $-9039415.67   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Lowe's Cos Inc                                    | Common Stock      | CUSIP: 548661107<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | EC               | CORP              | US        |     29811 | NS      | $7043743.08    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Lynas Rare Earths Ltd                             | Common Stock      | CUSIP: N/A<br>LEI: 529900SGT9M1FJPXXI35       | Long             | EC               | CORP              | MY        |   1469463 | NS      | $19082011.55   | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Quanta Services Inc                               | Common Stock      | CUSIP: 74762E102<br>LEI: SHVRXXEACT60MMH07S24 | Long             | EC               | CORP              | US        |     56029 | NS      | $30761041.58   | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc                                        | Common Stock      | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Short            | EC               | CORP              | US        |    -89809 | NS      | $-494847.59    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Regions Financial Corp                            | Common Stock      | CUSIP: 7591EP100<br>LEI: CW05CS5KW59QTC0DG824 | Short            | EC               | CORP              | US        |   -770925 | NS      | $-20136561.00  | -0.68%            |  |  |  | No            |                  1 | On Loan: No      |
| Resonac Holdings Corp                             | Common Stock      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    205000 | NS      | $12630649.32   | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                   | Common Stock      | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     68333 | NS      | $14802977.79   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                          | Common Stock      | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |    181852 | NS      | $35079250.80   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                    | Common Stock      | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     26883 | NS      | $11434415.22   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                                         | Common Stock      | CUSIP: N/A<br>LEI: 969500UIC89GT3UL7L24       | Long             | EC               | CORP              | FR        |    382810 | NS      | $123235986.77  | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Sally Beauty Holdings Inc                         | Common Stock      | CUSIP: 79546E104<br>LEI: 529900VXW6E8ONDIQ271 | Short            | EC               | CORP              | US        |   -278261 | NS      | $-3853914.85   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                             | Common Stock      | CUSIP: N/A<br>LEI: 969500A1YF1XUYYXS284       | Short            | EC               | CORP              | FR        |    -41979 | NS      | $-11081155.50  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                           | Common Stock      | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     44435 | NS      | $14243639.25   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Shin-Etsu Chemical Co Ltd                         | Common Stock      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |    407100 | NS      | $16016336.03   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                       | Common Stock      | CUSIP: 82509L107<br>LEI: 549300HGQ43STJLLP808 | Short            | EC               | CORP              | CA        |   -477853 | NS      | $-56682922.86  | -1.91%            |  |  |  | No            |                  1 | On Loan: No      |
| Siemens Energy AG                                 | Common Stock      | CUSIP: N/A<br>LEI: 5299005CHJZ14D4FDJ62       | Long             | EC               | CORP              | DE        |    846708 | NS      | $138775822.20  | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| SL Green Realty Corp                              | Common Stock      | CUSIP: 78440X887<br>LEI: 549300VQZPJU97H3GT17 | Short            | EC               | CORP              | US        |    -70665 | NS      | $-2610365.10   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Solstice Advanced Materials Inc                   | Common Stock      | CUSIP: 83443Q103<br>LEI: 2138004GZ4H9TW6HK435 | Long             | EC               | CORP              | US        |    514839 | NS      | $39210138.24   | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Financial Group Inc                          | Common Stock      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |   4081000 | NS      | $3673387.36    | 0.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Sony Group Corp                                   | Common Stock      | CUSIP: N/A<br>LEI: 529900R5WX9N2OI2N910       | Long             | EC               | CORP              | JP        |   2287700 | NS      | $46145133.58   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street SPDR S&P Regional Banking ETF        | Common Stock      | CUSIP: 78464A698<br>LEI: 549300EFWJBKUN6WJX52 | Short            | EC               | CORP              | US        |   -244873 | NS      | $-15953475.95  | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Wyndham Hotels & Resorts Inc                      | Common Stock      | CUSIP: 98311A105<br>LEI: 549300FE3MQ4RVXXC673 | Short            | EC               | CORP              | US        |    -97549 | NS      | $-7923905.27   | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Xiaomi Corp                                       | Common Stock      | CUSIP: N/A<br>LEI: N/A                        | Short            | EC               | CORP              | CN        |  -1014400 | NS      | $-4109250.27   | -0.14%            |  |  |  | Yes           |                  1 | On Loan: No      |
| Yum! Brands Inc                                   | Common Stock      | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |     68086 | NS      | $10586011.28   | 0.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Zscaler Inc                                       | Common Stock      | CUSIP: 98980G102<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -103546 | NS      | $-14526468.34  | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| Brandywine Realty Trust                           | Common Stock      | CUSIP: 105368203<br>LEI: 5UZ46ZCYUFYYAC0DS831 | Short            | EC               | CORP              | US        |   -126253 | NS      | $-342145.63    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| BXP Inc                                           | Common Stock      | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Short            | EC               | CORP              | US        |   -140138 | NS      | $-7273162.20   | -0.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc                          | Common Stock      | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Short            | EC               | CORP              | US        |   -137255 | NS      | $-24734723.55  | -0.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Douglas Emmett Inc                                | Common Stock      | CUSIP: 25960P109<br>LEI: N/A                  | Short            | EC               | CORP              | US        |   -538452 | NS      | $-5072217.84   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                                       | Common Stock      | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     33455 | NS      | $32793929.20   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Extra Space Storage Inc                           | Common Stock      | CUSIP: 30225T102<br>LEI: 529900SDJHKRQWED6A16 | Short            | EC               | CORP              | US        |    -70468 | NS      | $-9240468.84   | -0.31%            |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp                                | Common Stock      | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Short            | EC               | CORP              | US        |   -217685 | NS      | $-6140893.85   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Public Storage                                    | Common Stock      | CUSIP: 74460D109<br>LEI: 549300LMZF40TKJ6DM64 | Short            | EC               | CORP              | US        |    -70097 | NS      | $-18987875.36  | -0.64%            |  |  |  | No            |                  1 | On Loan: No      |
| B3 S.A. - Brasil Bolsa Balcao                     | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | BR        |  12123282 | OU      | $2512282.85    | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Bae Systems Plc                                   | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |  14505280 | OU      | $-152099.10    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Canon Inc                                         | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        | -27554989 | OU      | $-461289.73    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Carlyle Group Inc                                 | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |   9271574 | OU      | $16992265.62   | 0.57%             |  |  |  | No            |                  2 | On Loan: No      |
| Cellnex Telecom SA                                | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | ES        |   4132788 | OU      | $2676062.75    | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Commonwealth Bank of Australia                    | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | AU        | -25643369 | OU      | $-3470050.13   | -0.12%            |  |  |  | No            |                  2 | On Loan: No      |
| Delta Electronics Inc                             | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | TW        |   3650420 | OU      | $12149311.31   | 0.41%             |  |  |  | No            |                  2 | On Loan: No      |
| Doosan Co Ltd                                     | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | KR        |  14324927 | OU      | $-2913656.21   | -0.10%            |  |  |  | No            |                  2 | On Loan: No      |
| DSV                                               | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | DK        |  35386154 | OU      | $-5716435.61   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| Innolux Corp                                      | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | TW        |  -1097724 | OU      | $51154.95      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Lasertec Corp                                     | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        | -18800261 | OU      | $-600808.32    | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Marks & Spencer Group Plc                         | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |  -4396640 | OU      | $699044.26     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Ricoh Co Ltd                                      | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        |  -7290698 | OU      | $535998.12     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Rolls-Royce Holdings plc                          | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        |  28976904 | OU      | $39824200.73   | 1.34%             |  |  |  | No            |                  2 | On Loan: No      |
| Sharp Corporation                                 | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        |  -9745536 | OU      | $7288666.61    | 0.25%             |  |  |  | No            |                  2 | On Loan: No      |
| Tokyo Electron Ltd                                | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | JP        | -40064794 | OU      | $-5318772.01   | -0.18%            |  |  |  | No            |                  2 | On Loan: No      |
| Unilever Plc                                      | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | GB        | -12732697 | OU      | $544756.52     | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| United Microelectronics Corp                      | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | TW        | -15068489 | OU      | $-1612975.19   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| Volvo Car AB                                      | Total Return Swap | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | SE        |  -2764153 | OU      | $1013693.79    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Advanced Micro Devices Inc                        | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2799 | NC      | $9936450.00    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd                         | Common Stock      | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | CN        |     70179 | NS      | $8804657.34    | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Anheuser-Busch InBev SA                           | Common Stock      | CUSIP: 03524A108<br>LEI: 5493008H3828EMEXB082 | Short            | EC               | CORP              | BE        |    -98251 | NS      | $-6815671.87   | -0.23%            |  |  |  | No            |                  1 | On Loan: No      |
| ARM Holdings PLC                                  | Common Stock      | CUSIP: 042068205<br>LEI: 2138001E66EELTE7Y904 | Short            | EC               | CORP              | GB        |   -263063 | NS      | $-39796170.64  | -1.34%            |  |  |  | No            |                  1 | On Loan: No      |
| Bilibili Inc                                      | Common Stock      | CUSIP: 090040106<br>LEI: 5493008V60M52L3PIS45 | Short            | EC               | CORP              | CN        |   -362272 | NS      | $-8172856.32   | -0.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                        | Common Stock      | CUSIP: 25243Q205<br>LEI: 213800ZVIELEA55JMJ32 | Short            | EC               | CORP              | GB        |   -189485 | NS      | $-14107158.25  | -0.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Full Truck Alliance Co Ltd                        | Common Stock      | CUSIP: 35969L108<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1243868 | NS      | $10324104.40   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Infosys Ltd                                       | Common Stock      | CUSIP: 456788108<br>LEI: 335800TYLGG93MM7PR89 | Short            | EC               | CORP              | IN        |   -363703 | NS      | $-4913627.53   | -0.17%            |  |  |  | No            |                  1 | On Loan: No      |
| New Oriental Education & Technology Group Inc     | Common Stock      | CUSIP: 647581206<br>LEI: 529900NHZVBZQZ8EKN29 | Long             | EC               | CORP              | CN        |    241967 | NS      | $13702591.21   | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| NIO Inc                                           | Common Stock      | CUSIP: 62914V106<br>LEI: 549300JBU4TV5OCKJV96 | Short            | EC               | CORP              | CN        |   -638025 | NS      | $-3847290.75   | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                                       | Common Stock      | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Short            | EC               | CORP              | CH        |    -73012 | NS      | $-11152583.00  | -0.38%            |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd         | Common Stock      | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    710832 | NS      | $240225674.40  | 8.11%             |  |  |  | No            |                  1 | On Loan: No      |
| XPeng Inc                                         | Common Stock      | CUSIP: 98422D105<br>LEI: 549300TZNMIREMWQU857 | Short            | EC               | CORP              | CN        |   -454765 | NS      | $-7781029.15   | -0.26%            |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                     | Common Stock      | CUSIP: G1151C101<br>LEI: 549300JY6CF6DO4YFQ03 | Short            | EC               | CORP              | IE        |    -72489 | NS      | $-14373843.81  | -0.49%            |  |  |  | No            |                  1 | On Loan: No      |
| adidas AG                                         | Common Stock      | CUSIP: N/A<br>LEI: 549300JSX0Z4CW0V5023       | Long             | EC               | CORP              | DE        |     89659 | NS      | $14116641.90   | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                                         | Common Stock      | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Short            | EC               | CORP              | US        |    -69964 | NS      | $-17006849.12  | -0.57%            |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc                        | Common Stock      | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Short            | EC               | CORP              | US        |   -282654 | NS      | $-57500303.22  | -1.94%            |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                                         | Common Stock      | CUSIP: N/A<br>LEI: MINO79WLOO247M1IL051       | Long             | EC               | CORP              | FR        |    398839 | NS      | $73903592.01   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                                    | Common Stock      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    748916 | NS      | $155976735.32  | 5.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Amgen Inc                                         | Common Stock      | CUSIP: 031162100<br>LEI: 62QBXGPJ34PQ72Z12S66 | Short            | EC               | CORP              | US        |    -29157 | NS      | $-10258890.45  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                     | Common Stock      | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    625091 | NS      | $78980247.85   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                                           | Common Stock      | CUSIP: G25508105<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |    284302 | NS      | $29885826.24   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                      | Common Stock      | CUSIP: 25809K105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    168964 | NS      | $25369944.60   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                       | Common Stock      | CUSIP: 26210C104<br>LEI: 549300JCDF7UAR6TJR51 | Short            | EC               | CORP              | US        |   -272361 | NS      | $-6188041.92   | -0.21%            |  |  |  | No            |                  1 | On Loan: No      |
| Eaton Corp PLC                                    | Common Stock      | CUSIP: G29183103<br>LEI: 549300VDIGTMXUNT7H71 | Short            | EC               | CORP              | US        |    -69452 | NS      | $-24840896.84  | -0.84%            |  |  |  | No            |                  1 | On Loan: No      |
| Elastic NV                                        | Common Stock      | CUSIP: N14506104<br>LEI: N/A                  | Short            | EC               | CORP              | US        |    -56144 | NS      | $-2806638.56   | -0.09%            |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co                               | Common Stock      | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Short            | EC               | CORP              | US        |   -184609 | NS      | $-24187471.18  | -0.82%            |  |  |  | No            |                  1 | On Loan: No      |
| Entergy Corp                                      | Common Stock      | CUSIP: 29364G103<br>LEI: 4XM3TW50JULSLG8BNC79 | Long             | EC               | CORP              | US        |    464510 | NS      | $52192343.60   | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Etsy Inc                                          | Common Stock      | CUSIP: 29786A106<br>LEI: 54930089Q7XT501AEA40 | Short            | EC               | CORP              | US        |   -144909 | NS      | $-7242551.82   | -0.24%            |  |  |  | No            |                  1 | On Loan: No      |
| Expedia Group Inc                                 | Common Stock      | CUSIP: 30212P303<br>LEI: CI7MUJI4USF3V0NJ1H64 | Long             | EC               | CORP              | US        |    342065 | NS      | $78979387.85   | 2.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Fabrinet                                          | Common Stock      | CUSIP: G3323L100<br>LEI: 5493004TETZ6IYF7CV44 | Short            | EC               | CORP              | TH        |    -20989 | NS      | $-10946183.28  | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                                   | Common Stock      | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Short            | EC               | CORP              | US        |    -13831 | NS      | $-14765145.74  | -0.50%            |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                                        | Common Stock      | CUSIP: N3167Y103<br>LEI: 549300RIVY5EX8RCON76 | Short            | EC               | CORP              | IT        |    -65467 | NS      | $-22157306.15  | -0.75%            |  |  |  | No            |                  1 | On Loan: No      |
| Figma Inc                                         | Common Stock      | CUSIP: 316841105<br>LEI: 254900273Q0J4Z65HU28 | Short            | EC               | CORP              | US        |   -139928 | NS      | $-2958077.92   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Co                                     | Common Stock      | CUSIP: 345370860<br>LEI: 20S05OYHG0MQM4VUIC57 | Short            | EC               | CORP              | US        |  -1383010 | NS      | $-15959935.40  | -0.54%            |  |  |  | No            |                  1 | On Loan: No      |
| Fortinet Inc                                      | Common Stock      | CUSIP: 34959E109<br>LEI: 549300O0QJWDBAS0QX03 | Short            | EC               | CORP              | US        |   -147017 | NS      | $-12014229.24  | -0.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Resources Inc                            | Common Stock      | CUSIP: 354613101<br>LEI: RIFQSET379FOGTEFKS80 | Short            | EC               | CORP              | US        |   -489748 | NS      | $-11567847.76  | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Galaxy Entertainment Group Ltd                    | Common Stock      | CUSIP: N/A<br>LEI: 549300ZSEBV3HR826S10       | Long             | EC               | CORP              | HK        |   2055000 | NS      | $9173873.12    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner Inc                                       | Common Stock      | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Short            | EC               | CORP              | US        |    -84617 | NS      | $-13398255.78  | -0.45%            |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                                    | Common Stock      | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Short            | EC               | CORP              | US        |    -48974 | NS      | $-42749404.60  | -1.44%            |  |  |  | No            |                  1 | On Loan: No      |
| Macy's Inc                                        | Common Stock      | CUSIP: 55616P104<br>LEI: 529900NZQ81TIOW3CW52 | Short            | EC               | CORP              | US        |   -478796 | NS      | $-8661419.64   | -0.29%            |  |  |  | No            |                  1 | On Loan: No      |
| Madrigal Pharmaceuticals Inc                      | Common Stock      | CUSIP: 558868105<br>LEI: 549300CHIMT2EUSNJB60 | Long             | EC               | CORP              | US        |     11229 | NS      | $5878044.63    | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Martin Marietta Materials Inc                     | Common Stock      | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |    101724 | NS      | $59882884.32   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc                            | Common Stock      | CUSIP: 573874104<br>LEI: 8DF36O58U3QIHUCGZB18 | Short            | EC               | CORP              | US        |   -126202 | NS      | $-12500308.10  | -0.42%            |  |  |  | No            |                  1 | On Loan: No      |
| SS&C Technologies Holdings Inc                    | Common Stock      | CUSIP: 78467J100<br>LEI: 529900POY8H7NPPNKK71 | Long             | EC               | CORP              | US        |    248885 | NS      | $16817159.45   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| StandardAero Inc                                  | Common Stock      | CUSIP: 85423L103<br>LEI: 5493009OPX2JEODFJD19 | Long             | EC               | CORP              | US        |    168196 | NS      | $4344502.68    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Stellantis NV                                     | Common Stock      | CUSIP: N82405106<br>LEI: 549300LKT9PW7ZIBDF31 | Short            | EC               | CORP              | NL        |   -421077 | NS      | $-2985435.93   | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Sumitomo Metal Mining Co Ltd                      | Common Stock      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | JP        |     55200 | NS      | $3072449.55    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                                   | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       561 | NC      | $2876527.50    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| DoorDash Inc                                      | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2239 | NC      | $4595547.50    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                     | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1995 | NC      | $6982500.00    | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Intel Corp                                        | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      9794 | NC      | $7418955.00    | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Series 1                        | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3385 | NC      | $7892127.50    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Series 1                        | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     12733 | NC      | $29604225.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco QQQ Trust Series 1                        | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     11790 | NC      | $38364660.00   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                          | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       281 | NC      | $1829310.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp                                 | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1798 | NC      | $2611595.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corporation                       | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      3990 | NC      | $2663325.00    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc                        | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      2201 | NC      | $10476760.00   | 0.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                          | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      9764 | NC      | $11667980.00   | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                                       | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     13993 | NC      | $53838067.50   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Palantir Technologies Inc                         | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      4198 | NC      | $4890670.00    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Shopify Inc                                       | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | CA        |      5614 | NC      | $19606895.00   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                            | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     15694 | NC      | $30297267.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR S&P 500 ETF Trust                            | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     12156 | NC      | $32717874.00   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd         | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | TW        |      5524 | NC      | $29387680.00   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Tesla Inc                                         | Equity Option     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      1539 | NC      | $3108780.00    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                          | Common Stock      | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |    198835 | NS      | $60095890.40   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                                       | Common Stock      | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |    356964 | NS      | $53662398.12   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co                               | Common Stock      | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |    204724 | NS      | $55746345.20   | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Whirlpool Corp                                    | Common Stock      | CUSIP: 963320106<br>LEI: WHENKOULSSK7WUM60H03 | Short            | EC               | CORP              | US        |   -192790 | NS      | $-10395236.80  | -0.35%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-05-06

**Name of Applicant:** Advantage Advisers Xanthus Fund, L.L.C.

**Signature:** Bryan McKigney

**Name of Signer:** Bryan McKigney

**Title:** Principal Executive Officer