# EDGAR Filing Document

**Accession Number:** 0001277779
**File Stem:** 0001172661-23-000894
**Filing Date:** 2023-2
**Character Count:** 9928
**Document Hash:** 95015da1f3493049d614885949edee8c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001172661-23-000894.hdr.sgml**: 20230214

**ACCESSION NUMBER**: 0001172661-23-000894

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230214

**DATE AS OF CHANGE**: 20230214

**EFFECTIVENESS DATE**: 20230214

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CONTINENTAL ADVISORS LLC
- **CENTRAL INDEX KEY:** 0001277779
- **IRS NUMBER:** 364290779
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10837
- **FILM NUMBER:** 23623525

**BUSINESS ADDRESS:**
- **STREET 1:** 6300 SAGEWOOD DRIVE
- **STREET 2:** SUITE H115
- **CITY:** PARK CITY
- **STATE:** UT
- **ZIP:** 84098-7502
- **BUSINESS PHONE:** 3123773777

**MAIL ADDRESS:**
- **STREET 1:** 6300 SAGEWOOD DRIVE
- **STREET 2:** SUITE H115
- **CITY:** PARK CITY
- **STATE:** UT
- **ZIP:** 84098-7502

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 12-31-2022

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** CONTINENTAL ADVISORS LLC<br>**Address:** 6300 Sagewood Drive<br>Suite H115<br>Park City, UT 84098-7502

**Form 13F File Number:** 028-10837

**CRD Number (if applicable):** 000109788

**SEC File Number (if applicable):** 802-114751

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** David Purcell<br>**Title:** Managing Member<br>**Phone:** 312-377-3777

**Signature, Place, and Date of Signing:**

s/ David Purcell  Chicago, IL  02-14-2023<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 62

**Form 13F Information Table Value Total:** $191099820

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ALPS ETF TR | ALERIAN MLP | 00162Q452 |  | 4691100 | 123223 | SH |  | SOLE |  | 123223 | 0 | 0 |
| BANK AMERICA CORP | COM | 060505104 |  | 1140587 | 34438 | SH |  | SOLE |  | 34438 | 0 | 0 |
| BARRICK GOLD CORP | COM | 067901108 |  | 3716635 | 216335 | SH |  | SOLE |  | 216335 | 0 | 0 |
| BARRICK GOLD CORP | COM | 067901108 |  | 3762420 | 219000 | SH | Call | SOLE |  | 219000 | 0 | 0 |
| BROOKDALE SR LIVING INC | COM | 112463104 |  | 1870509 | 685168 | SH |  | SOLE |  | 685168 | 0 | 0 |
| CANNAE HLDGS INC | COM | 13765N107 |  | 4828300 | 233816 | SH |  | SOLE |  | 233816 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 3200334 | 34427 | SH |  | SOLE |  | 34427 | 0 | 0 |
| CAPITAL ONE FINL CORP | COM | 14040H105 |  | 3625440 | 39000 | SH | Call | SOLE |  | 39000 | 0 | 0 |
| CARDINAL HEALTH INC | COM | 14149Y108 |  | 7917149 | 102994 | SH |  | SOLE |  | 102994 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 9950600 | 220000 | SH | Call | SOLE |  | 220000 | 0 | 0 |
| CITIGROUP INC | COM NEW | 172967424 |  | 1211350 | 26782 | SH |  | SOLE |  | 26782 | 0 | 0 |
| CREDIT SUISSE GROUP | SPONSORED ADR | 225401108 |  | 23408 | 7700 | SH | Call | SOLE |  | 7700 | 0 | 0 |
| CREDIT SUISSE GROUP | SPONSORED ADR | 225401108 |  | 1454640 | 478500 | SH |  | SOLE |  | 478500 | 0 | 0 |
| FEDERATED HERMES INC | CL B | 314211103 |  | 2779058 | 76537 | SH |  | SOLE |  | 76537 | 0 | 0 |
| FIRST BANCORP N C | COM | 318910106 |  | 622508 | 14531 | SH |  | SOLE |  | 14531 | 0 | 0 |
| GENERAL ELECTRIC CO | COM NEW | 369604301 |  | 1262380 | 15066 | SH |  | SOLE |  | 15066 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 6301648 | 73403 | SH |  | SOLE |  | 73403 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 1717000 | 20000 | SH | Put | SOLE |  | 20000 | 0 | 0 |
| GILEAD SCIENCES INC | COM | 375558103 |  | 2575500 | 30000 | SH | Call | SOLE |  | 30000 | 0 | 0 |
| GOLDMAN SACHS GROUP INC | COM | 38141G104 |  | 3191030 | 9293 | SH |  | SOLE |  | 9293 | 0 | 0 |
| GREEN DOT CORP | CL A | 39304D102 |  | 2175250 | 137500 | SH | Call | SOLE |  | 137500 | 0 | 0 |
| GREEN DOT CORP | CL A | 39304D102 |  | 1578994 | 99810 | SH |  | SOLE |  | 99810 | 0 | 0 |
| INVESCO LTD | SHS | G491BT108 |  | 1674869 | 93100 | SH | Call | SOLE |  | 93100 | 0 | 0 |
| INVESCO LTD | SHS | G491BT108 |  | 4822597 | 268071 | SH |  | SOLE |  | 268071 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1788610 | 38300 | SH | Call | SOLE |  | 38300 | 0 | 0 |
| ISHARES INC | MSCI SINGPOR ETF | 46434G780 |  | 1762008 | 93674 | SH |  | SOLE |  | 93674 | 0 | 0 |
| ISHARES INC | MSCI SINGPOR ETF | 46434G780 |  | 4980888 | 264800 | SH | Call | SOLE |  | 264800 | 0 | 0 |
| ISHARES INC | CORE MSCI EMKT | 46434G103 |  | 1401000 | 30000 | SH |  | SOLE |  | 30000 | 0 | 0 |
| ISHARES TR | MSCI UK ETF NEW | 46435G334 |  | 2970954 | 96900 | SH | Put | SOLE |  | 96900 | 0 | 0 |
| ISHARES TR | ISHARES BIOTECH | 464287556 |  | 656450 | 5000 | SH | Call | SOLE |  | 5000 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 2029604 | 15135 | SH |  | SOLE |  | 15135 | 0 | 0 |
| JPMORGAN CHASE  CO | COM | 46625H100 |  | 402300 | 3000 | SH | Call | SOLE |  | 3000 | 0 | 0 |
| MERCK  CO INC | COM | 58933Y105 |  | 1105728 | 9966 | SH |  | SOLE |  | 9966 | 0 | 0 |
| PERRIGO CO PLC | SHS | G97822103 |  | 4884347 | 143278 | SH |  | SOLE |  | 143278 | 0 | 0 |
| PERRIGO CO PLC | SHS | G97822103 |  | 852250 | 25000 | SH | Call | SOLE |  | 25000 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 6283971 | 122638 | SH |  | SOLE |  | 122638 | 0 | 0 |
| PFIZER INC | COM | 717081103 |  | 2562000 | 50000 | SH | Call | SOLE |  | 50000 | 0 | 0 |
| PROVIDENT FINL HLDGS INC | COM | 743868101 |  | 1083369 | 78676 | SH |  | SOLE |  | 78676 | 0 | 0 |
| RIVERVIEW BANCORP INC | COM | 769397100 |  | 761925 | 99209 | SH |  | SOLE |  | 99209 | 0 | 0 |
| SCIENCE 37 HOLDINGS INC | COM | 808644108 |  | 136203 | 328041 | SH |  | SOLE |  | 328041 | 0 | 0 |
| SCULPTOR CAP MGMT | COM CL A | 811246107 |  | 1732 | 200 | SH | Call | SOLE |  | 200 | 0 | 0 |
| SCULPTOR CAP MGMT | COM CL A | 811246107 |  | 1966868 | 227121 | SH |  | SOLE |  | 227121 | 0 | 0 |
| SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 |  | 8151000 | 60000 | SH | Put | SOLE |  | 60000 | 0 | 0 |
| SELECT SECTOR SPDR TR | ENERGY | 81369Y506 |  | 3848680 | 44000 | SH |  | SOLE |  | 44000 | 0 | 0 |
| SHELL PLC | SPON ADS | 780259305 |  | 3133389 | 55020 | SH |  | SOLE |  | 55020 | 0 | 0 |
| SOUTHSTATE CORPORATION | COM | 840441109 |  | 1413576 | 18512 | SH |  | SOLE |  | 18512 | 0 | 0 |
| SPDR S 500 ETF TR | TR UNIT | 78462F103 |  | 13385050 | 35000 | SH | Put | SOLE |  | 35000 | 0 | 0 |
| SPDR SER TR | S BIOTECH | 78464A870 |  | 1386100 | 16700 | SH | Call | SOLE |  | 16700 | 0 | 0 |
| SPDR SER TR | S BIOTECH | 78464A870 |  | 3818000 | 46000 | SH |  | SOLE |  | 46000 | 0 | 0 |
| SYNOVUS FINL CORP | COM NEW | 87161C501 |  | 878482 | 23395 | SH |  | SOLE |  | 23395 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 2793456 | 306300 | SH |  | SOLE |  | 306300 | 0 | 0 |
| TEVA PHARMACEUTICAL INDS LTD | SPONSORED ADS | 881624209 |  | 1368000 | 150000 | SH | Call | SOLE |  | 150000 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 1237113 | 28750 | SH |  | SOLE |  | 28750 | 0 | 0 |
| TRUIST FINL CORP | COM | 89832Q109 |  | 826176 | 19200 | SH | Call | SOLE |  | 19200 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 7344810 | 297000 | SH | Call | SOLE |  | 297000 | 0 | 0 |
| UBER TECHNOLOGIES INC | COM | 90353T100 |  | 6711030 | 271372 | SH |  | SOLE |  | 271372 | 0 | 0 |
| VANECK ETF TRUST | GOLD MINERS ETF | 92189F106 |  | 360342 | 12573 | SH |  | SOLE |  | 12573 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 6147099 | 552300 | SH | Call | SOLE |  | 552300 | 0 | 0 |
| VIATRIS INC | COM | 92556V106 |  | 4739032 | 425789 | SH |  | SOLE |  | 425789 | 0 | 0 |
| WELLS FARGO CO NEW | COM | 949746101 |  | 2328839 | 56402 | SH |  | SOLE |  | 56402 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 7340787 | 533100 | SH | Call | SOLE |  | 533100 | 0 | 0 |
| WESTERN UN CO | COM | 959802109 |  | 2165346 | 157251 | SH |  | SOLE |  | 157251 | 0 | 0 |

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