# EDGAR Filing Document

**Accession Number:** 0001301483
**File Stem:** 0001145549-23-011180
**Filing Date:** 2023-2
**Character Count:** 28964
**Document Hash:** 6de714fb2a606c6253073cd0269eff4c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-011180.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001145549-23-011180

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Alpha Core Strategies Fund
- **CENTRAL INDEX KEY:** 0001301483
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21630
- **FILM NUMBER:** 23673705

**BUSINESS ADDRESS:**
- **STREET 1:** 50 SOUTH LA SALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603
- **BUSINESS PHONE:** 312-630-6000

**MAIL ADDRESS:**
- **STREET 1:** 50 SOUTH LA SALLE STREET
- **CITY:** CHICAGO
- **STATE:** IL
- **ZIP:** 60603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** NT Alpha Strategies Fund
- **DATE OF NAME CHANGE:** 20040825

## Nport-Ex

---

| | |
|:---|:---|
|  | **ALPHA CORE STRATEGIES FUND**<br>|
|  **SCHEDULE OF INVESTMENTS** | **DECEMBER 31, 2022 (UNAUDITED)** |

---

---

| | |
|:---|:---|
|  | VALUE<br>(ROUNDED TO<br>THOUSANDS) |
|  **SUB-FUNDS – 96.4%** |  |
|  **Credit/Distressed – 24.5%** |  |
|  **(Cost $123,187,000)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 140 Summer Partners Onshore LP | $27101000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AG Corporate Credit Opportunities Fund, L.P. | 22892000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Antara Capital Onshore Fund LP | 23090000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Diameter Onshore Fund LP | 29861000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nut Tree Offshore Fund, Ltd. | 23607000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Tresidor Europe Credit Fund LP | 28664000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Wasserstein Debt Opportunities Fund, LP\* | 2000 |
|  | **155217000** |
|  **Global Macro – 4.3%** |  |
|  **(Cost $14,232,000)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Gemsstock Fund | 26890000 |
|  **Non-U.S. Equity Hedge – 8.7%** |  |
|  **(Cost $35,860,000)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anatole Partners Ltd.\* | 16727000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackRock Emerging Frontiers Fund Ltd | 19766000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TIG Zebedee Core Fund Limited | 18833000 |
|  | **55326000** |
|  **Opportunistic – 3.0%** |  |
|  **(Cost $16,307,000)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bellus Ventures II LP | 9402000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Downriver SPC Ltd., For And On Behalf |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Of Its Segregated Portfolio B | 2889000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FourWorld Special Opportunities Fund, LLC\* | 6387000 |
|  | **18678000** |
|  **Relative Value Multi-Strategy – 26.3%** |  |
|  **(Cost $132,951,000)** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Acasta Global Fund LP | 23585000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AG Mortgage Value Partners, L.P. | 25474000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Frere Hall Fund | 17275000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investcorp Interlachen Multi-Strategy Fund, LLC\* | 8000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Mariner Atlantic Multi-Strategy Fund, L.P. | 24620000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Old Orchard Credit Fund, Ltd. | 24518000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Opti Opportunity Fund, LP | 24930000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Varadero Partners, L.P. | 26293000 |
|  | **166703000** |

---

---

| | | |
|:---|:---|:---|
|  | | VALUE<br>(ROUNDED TO<br>THOUSANDS) |
|  **SUB-FUNDS – 96.4% continued** | **SUB-FUNDS – 96.4% continued** |  |
|  **Sector Hedge – 8.7%** |  |  |
|  **(Cost $41,708,000)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Asturias Fund LP |  | $17191000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Avidity Capital Fund, LP |  | 19577000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Camber Capital Fund L.P. |  | 18424000 |
|  |  | **55192000** |
|  **Special Situations – 15.3%** |  |  |
|  **(Cost $82,163,000)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Engine No. 1 Perennial Total Value Fund, LP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Engine No. 1 Perennial Total Value Fund, LP | 23514000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HG Vora Special Opportunities Fund LP | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; HG Vora Special Opportunities Fund LP | 22740000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nekton Global Fund Limited | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nekton Global Fund Limited | 23954000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pentwater Merger Arbitrage Fund Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pentwater Merger Arbitrage Fund Ltd. | 26897000 |
|  |  | **97105000** |
|  **U.S. Equity Hedge – 5.6%** |  |  |
|  **(Cost $27,978,000)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BBCM Offshore Fund Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BBCM Offshore Fund Ltd. | 18529000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TPG Public Equity Partners-A, L.P. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; TPG Public Equity Partners-A, L.P. | 17011000 |
|  |  | **35540000** |
|  **Total Investments In Sub-Funds** |  |  |
|  **(Cost $474,386,000)** |  | $**610651000** |
|  | NUMBER<br>OF SHARES | VALUE<br>(ROUNDED TO<br>THOUSANDS) |
|  **CASH EQUIVALENT – 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Goldman Sachs Financial Square Government Fund Institutional Shares<br>4.15%<sup>(1)</sup>  | 1823000 | $1823000 |
|  **Total Cash Equivalent** |  |  |
|  **(Cost $1,823,000)** |  | $**1823000** |
|  **TOTAL INVESTMENTS – 96.7%** | **TOTAL INVESTMENTS – 96.7%** |  |
|  **(Cost $476,209,000)** |  | $**612474000** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Assets less Liabilities – 3.3% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Assets less Liabilities – 3.3% | 20780000 |
|  **NET ASSETS - 100.0%** |  | $**633254000** |

---

*(1)* *7-day simple yield as of December 31, 2022 is disclosed.* 

*\** *During the current year, a portion or all of the underlying investments' value in these Sub-Funds were held in a side-pocket arrangement. The Fund will not be able to redeem such value from any particular underlying investment until such amount is released from its respective side-pocket arrangement. In the aggregate, approximately 1.31% of the Fund's net assets are in side-pocket arrangements. The Fund is not able to estimate the timing of receipt of such amounts.* 

Percentages shown are based on net assets.

Sub-Fund investments are non-income producing.

*See Notes to the Quarterly Report.* 

QUARTERLY REPORT **1** ALPHA CORE STRATEGIES FUND

------

---

| | |
|:---|:---|
| **ALPHA CORE STRATEGIES FUND**<br>|  |
|  **SCHEDULE OF INVESTMENTS continued** | **DECEMBER 31, 2022 (UNAUDITED)** |

---

At December 31, 2022, the investment strategies of Sub-Funds as a percentage of the Fund's net assets were as follows:

---

| | |
|:---|:---|
| **STRATEGY WEIGHTINGS** | **PERCENTAGE** |
|  Credit/Distressed | 24.5% |
|  Global Macro | 4.3 |
|  Non-U.S. Equity Hedge | 8.7 |
|  Opportunistic | 3.0 |
|  Relative Value Multi-Strategy | 26.3 |
|  Sector Hedge | 8.7 |
|  Special Situations | 15.3 |
|  U.S. Equity Hedge | 5.6 |
|  Cash Equivalent and Other Assets less Liabilities | 3.6 |
|  Total | 100.0% |

---

At December 31, 2022, the Fund's Sub-Funds investments were domiciled as follows:

---

| | | |
|:---|:---|:---|
| **COUNTRIES** | **COST** | **VALUE** |
|  Cayman Islands–34.7% | $152220000 | $219885000 |
|  United States–61.7% | 322166000 | 390766000 |
|  Total | $474386000 | $610651000 |

---

The inputs or methodologies used for valuing securities are not necessarily an indication of the risk associated with investing in those securities and other financial instruments, if any. The Fund's investment in the Goldman Sachs Financial Square Government Fund, an open-end investment company, is valued at its net asset value and is classified as Level 1 in the fair value hierarchy under Accounting Standard Codification 820, Fair Value Measurement. All other Sub-Funds were valued at fair value, considering the net asset value per share (or its equivalent) provided to the Fund by the Sub-Fund as a practical expedient for fair value, and have not been classified in the fair value hierarchy. See Notes to the Quarterly Report for further risk and liquidity information of the Fund's underlying investments by major category.

The Fund is not able to obtain complete investment holdings details on each of the Sub-Funds held within the Fund's portfolio in order to determine whether the Fund's proportional share of any investments held by the Sub-Funds exceeds 5% of the net assets of the Fund as of December 31, 2022.

*See Notes to the Quarterly Report.* 

ALPHA CORE STRATEGIES FUND **2** QUARTERLY REPORT

------

---

| | |
|:---|:---|
|  | **ALPHA CORE STRATEGIES FUND**<br>|
|  **NOTES TO THE QUARTERLY REPORT** | **DECEMBER 31, 2022 (UNAUDITED)** |

---

**1. RISK FACTORS** 

Financial Accounting Standards Board Accounting Standards Codification 820, *Fair Value Measurement* requires disclosure to assist in understanding the nature and risk of the investments by major category. The table below summarizes the fair value and other pertinent liquidity information of the Fund's underlying investments by major category.

---

| | | | |
|:---|:---|:---|:---|
|  | VALUE<br>(IN<br>MILLIONS) | UNFUNDED<br>COMMITMENTS | REDEMPTION<br>NOTICE<br>PERIOD |
|  Credit/Distressed (a) | $155 | $– Not Eligible, Quarterly | 60-90 Days |
|  Global Macro (b) | 27 | – Monthly | 30 Days |
|  Non-U.S. Equity Hedge (c) | 55 | – Not Eligible, Monthly, Quarterly | 30-90 Days |
|  Opportunistic (d) | 19 | – Not Eligible, Monthly | 90 Days |
|  Relative Value Multi-Strategy (e) | 167 | – Not Eligible, Monthly, Quarterly | 30-90 Days |
|  Sector Hedge (c) | 55 | – Quarterly | 60-90 Days |
|  Special Situations (a) | 97 | – Monthly, Quarterly | 60-92 Days |
|  U.S. Equity Hedge (c) | 36 | – Quarterly | 60 Days |
|  | $611 | $– |  |

---

(a) **Event Driven** – The managers in this category seek to profit from opportunities arising from
specific situations affecting individual stocks or unique circumstances in a particular industry, sector or market. These market participants typically specialize in certain sectors of the Event Driven space, utilizing unique skills or knowledge of
bankruptcy law, specific market events, or otherwise. Sub-strategies in this category include Credit/Distressed and Special Situations. The fair values of the investments in this category have been estimated
using the NAV per share (or its equivalent) of the investments. Investments representing approximately 79.85% of the fair value of investments in this category include shares that cannot be immediately redeemed because the investments include
investor-level gate restrictions. These gates are twelve months and do not allow for full redemptions on newly acquired shares. For one investment representing less than 0.01% of the fair value of investments in this category, no redemptions are
currently permitted. The Fund is not able to estimate when the redemption restrictions might lapse.

(b) **Global Macro** – The managers in this category employ strategies directed more heavily towards the
ebbs and flows of markets on a larger scale, as opposed to focusing on the relative attractiveness between individual securities. Managers seek to identify the direction that certain markets will follow over various time periods and position their
portfolios accordingly. Sub-strategies in this category include Global Macro. The fair values of the investments in this category have been estimated using the NAV per share (or its equivalent) of the
investments. As of December 31, 2022, there are no redemption restrictions.

(c) **Hedged Equity** – The managers in this category seek to identify and select equity securities that
will rise in price on the long side and those that will fall in price on the short side. Equity securities make up the large bulk of their underlying exposure. Net exposure ranges from zero to 100%, while gross exposure can be 200% or more. Sub-strategies in this category include Non-U.S. Equity Hedge, Sector Hedge and U.S. Equity Hedge. The fair values of the investments in this category have been estimated
using the NAV per share (or its equivalent) of the investments.

Investments representing approximately 3.80% of the fair value of investments in this category cannot be immediately redeemed because the investments include restrictions that do not allow for full redemptions twenty four months after acquisition. The remaining initial investment restriction period for these investments is approximately five months at December 31, 2022. One investment representing approximately 12.69% of the fair value of investments in this category cannot be immediately redeemed because the investment includes investor-level gate restrictions. The gate is six months and does not allow for full redemptions. For one investment representing approximately 1.28% of the fair value of investments in this category, no redemptions are currently permitted. The Fund is not able to estimate when the redemption restrictions might lapse.

(d) **Opportunistic** – The managers in this category seek to produce differentiated return streams often
with lower fees by offering access to specific trades, based on high conviction ideas, directly to investors. The specific trades that could fall under any of the other vehicles may offer more frequent liquidity. Sub-strategies in this category include Opportunistic. The fair values of the investments in this category have been estimated using the NAV per share (or its equivalent) of the investments. For investments
representing 34.20% of the fair value of investments in this category, no redemptions are currently permitted. The Fund is not able to estimate when the redemption restrictions might lapse.

(e) **Relative Value** – The managers in this category seek to deliver alpha without subjecting themselves
to or relying on beta or general market exposure for performance. They seek to do this by identifying and exploiting various arbitrage opportunities between and among related groups of securities, with the expectation that returns will have a low
correlation to the markets in which those securities trade. Sub-strategies in this category include Relative Value Multi-Strategy. The fair values of the investments in this category have been estimated using
the NAV per share (or its equivalent) of the investments. Investments representing approximately 29.92% of the fair value of investments in this category cannot be immediately redeemed because the investments include investor-level gate
restrictions. The gates are for twelve months and do not allow for full redemptions. For one investment representing less than 0.01% of the fair value of investments in this category, no redemptions are currently permitted. The Fund is not able to
estimate when the redemption restrictions might lapse.

**2. SUBSEQUENT EVENTS** 

Management has evaluated subsequent events for the Fund through the date the quarterly report was issued, and has concluded that there are no recognized or non-recognized subsequent events relevant for disclosure.

QUARTERLY REPORT **3** ALPHA CORE STRATEGIES FUND

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Alpha Core Strategies Fund

- **b. Investment Company Act file number:** 811-21630

- **c. CIK number of Registrant:** 0001301483

- **d. LEI of Registrant:** 549300REBQPH09RYP680

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

  - **Street Address 1:** 50 South LaSalle Street

  - **City:** Chicago

  - **State:** IL

  - **Foreign country:** US

  - **Zip / Postal Code:** 60603

  - **Telephone number:** 312-630-6000

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

- **a. Name of Series:** Alpha Core Strategies Fund

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

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $656075596.58

**Total Liabilities:** $23921852.72

**Net Assets:** $633253743.86

**Cash Not Reported:** $100000.00

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.74%                | 0.50%                | 0.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2578478.91             | $8113940.08                                |
| Month 2  | $-640654.65              | $4800723.48                                |
| Month 3  | $-284907.27              | $3170038.39                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Goldman Sachs Financial Square Government Fund  | Goldman Sachs Financial Square Government Fund  | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   1822525 | NS      | $1822525.44   | 0.29%             |  |  |  | No            | 1                  | On Loan: No      |
| Wasserstein Debt Opportunities Fund, LP         | Wasserstein Debt Opportunities Fund, LP         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   1314821 | OU      | $2037.27      | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Opti Opportunity Fund, LP                       | Opti Opportunity Fund, LP                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  18961310 | OU      | $24929683.30  | 3.94%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Varadero Partners, L.P.                         | Varadero Partners, L.P.                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  21678004 | OU      | $26292389.12  | 4.15%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Tresidor Europe Credit Fund LP                  | Tresidor Europe Credit Fund LP                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  26700000 | OU      | $28663601.90  | 4.53%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TPG Public Equity Partners-A, L.P.              | TPG Public Equity Partners-A, L.P.              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  12471314 | OU      | $17010994.00  | 2.69%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TIG Zebedee Core Fund Limited                   | TIG Zebedee Core Fund Limited                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |  10226328 | OU      | $18832664.18  | 2.97%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Pentwater Merger Arbitrage Fund Ltd.            | Pentwater Merger Arbitrage Fund Ltd.            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |  21088579 | OU      | $28646675.62  | 4.52%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Old Orchard Credit Fund, Ltd.                   | Old Orchard Credit Fund, Ltd.                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |  18076311 | OU      | $24518187.63  | 3.87%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Gemsstock Fund                                  | Gemsstock Fund                                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |  14232128 | OU      | $26890210.36  | 4.25%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Nut Tree Offshore Fund, Ltd.                    | Nut Tree Offshore Fund, Ltd.                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |  14710510 | OU      | $23606594.66  | 3.73%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Nekton Global Fund Limited                      | Nekton Global Fund Limited                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |  23500000 | OU      | $23953636.78  | 3.78%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Mariner Atlantic Multi-Strategy Fund, L.P.      | Mariner Atlantic Multi-Strategy Fund, L.P.      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  20380363 | OU      | $24620197.59  | 3.89%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Investcorp Interlachen Multi-Strategy Fund, LLC | Investcorp Interlachen Multi-Strategy Fund, LLC | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |         0 | OU      | $7994.67      | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| HG Vora Special Opportunities Fund LP           | HG Vora Special Opportunities Fund LP           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  14656407 | OU      | $22740542.32  | 3.59%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Frere Hall Fund                                 | Frere Hall Fund                                 | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   6679410 | OU      | $17275441.70  | 2.73%             |  |  |  | Yes           | N/A                | On Loan: No      |
| FourWorld Special Opportunities Fund, LLC       | FourWorld Special Opportunities Fund, LLC       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   6280346 | OU      | $6387194.64   | 1.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Engine No.1 Perennial Total Value Fund, LP      | Engine No.1 Perennial Total Value Fund, LP      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  24000000 | OU      | $23514481.94  | 3.71%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BBCM Offshore Fund Ltd                          | BBCM Offshore Fund Ltd                          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |  16223159 | OU      | $19379170.43  | 3.06%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Downriver SPC Ltd.                              | Downriver SPC Ltd.                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   3648664 | OU      | $2888469.00   | 0.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Diameter Onshore Fund LP                        | Diameter Onshore Fund LP                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  18698657 | OU      | $29861125.86  | 4.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Camber Capital Fund L.P.                        | Camber Capital Fund L.P.                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   9838225 | OU      | $18423409.49  | 2.91%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BlackRock Emerging Frontiers Fund Ltd           | BlackRock Emerging Frontiers Fund Ltd           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |  16256034 | OU      | $19766263.85  | 3.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Bellus Ventures II LP                           | Bellus Ventures II LP                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |   6377660 | OU      | $9402223.95   | 1.48%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Avidity Capital Fund, LP                        | Avidity Capital Fund, LP                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  16297013 | OU      | $19577152.94  | 3.09%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ACASTA GLOBAL FUND LP                           | ACASTA GLOBAL FUND LP                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  24500000 | OU      | $23584836.31  | 3.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Asturias Fund LP                                | Asturias Fund LP                                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  15572724 | OU      | $17191030.14  | 2.71%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Antara Capital Onshore Fund LP                  | Antara Capital Onshore Fund LP                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  14638668 | OU      | $23090437.47  | 3.65%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Anatole Partners Ltd                            | Anatole Partners Ltd                            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   9378015 | OU      | $16727234.00  | 2.64%             |  |  |  | Yes           | N/A                | On Loan: No      |
| AG Mortgage Value Partners, L.P.                | AG Mortgage Value Partners, L.P.                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  22676191 | OU      | $25473907.86  | 4.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| AG Corporate Credit Opportunities Fund, L.P.    | AG Corporate Credit Opportunities Fund, L.P.    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  25700000 | OU      | $22892297.65  | 3.62%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 140 Summer Partners Onshore LP                  | 140 Summer Partners Onshore LP                  | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | US        |  21424336 | OU      | $27100918.37  | 4.28%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2023-02-27

**Name of Applicant:** Alpha Core Strategies Fund

**Signature:** Joshua E. Abrego

**Name of Signer:** Joshua E. Abrego

**Title:** Treasurer