# EDGAR Filing Document

**Accession Number:** 0001520568
**File Stem:** 0001193125-26-080854
**Filing Date:** 2026-2
**Character Count:** 30389
**Document Hash:** b54f503c41648335fd581d505ef3125b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-080854.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001193125-26-080854

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Skybridge G II Fund
- **CENTRAL INDEX KEY:** 0001520568

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22561
- **FILM NUMBER:** 26695082

**BUSINESS ADDRESS:**
- **STREET 1:** C/O SKYBRIDGE CAPITAL II, LLC
- **STREET 2:** 527 MADISON AVENUE, 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212-485-3100

**MAIL ADDRESS:**
- **STREET 1:** C/O SKYBRIDGE CAPITAL II, LLC
- **STREET 2:** 527 MADISON AVENUE, 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Skybridge G II Fund, LLC
- **DATE OF NAME CHANGE:** 20110912

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Skybridge Diversified Hedge Fund Portfolio, LLC
- **DATE OF NAME CHANGE:** 20110511

## Nport-Ex

**SkyBridge G II Fund** 

**Consolidated Schedule of Investments** 

**December 31, 2025 (Unaudited)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investments in Investment Funds - ‡** | **First<br>Acquisition<br>Date** | **Cost** | **Fair Value** | **% of<br>Shareholders'**<br> **Capital** |
| &nbsp;&nbsp;&nbsp;&nbsp; ***Cryptocurrency and Digital Assets*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galaxy Institutional Bitcoin Fund, Ltd. - d | 05/20/2024 | $598231 | $718031 | 2.67% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multicoin Capital Offshore SPC - a,b | 12/01/2021 | 1079186 | 529315 | 1.97 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multicoin Capital Offshore SPC-side pocket - c | 12/01/2021 | 158989 | 11948 | 0.04 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pantera Bitcoin Feeder Fund Ltd - d | 04/01/2024 | 283098 | 410777 | 1.53 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Cryptocurrency and Digital Assets |  | 2119504 | 1670071 | 6.21 |
| &nbsp;&nbsp;&nbsp;&nbsp; ***Directional Equity*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Armistice Capital Offshore Fund Ltd. - c | 11/01/2020 | 147000 | 150208 | 0.56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coatue Offshore Fund Ltd - b | 01/01/2021 | 2298737 | 3259865 | 12.12 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coatue Offshore Fund, Ltd - liquidating account - c | 01/01/2021 | 177351 | 250536 | 0.93 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redmile Strategic Offshore Fund, Ltd-liquidating account - c | 11/01/2022 | 87784 | 62807 | 0.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Whale Rock Flagship Fund Ltd - side pocket - c | 11/01/2020 | 335695 | 193216 | 0.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Directional Equity |  | 3046567 | 3916632 | 14.56 |
| &nbsp;&nbsp;&nbsp;&nbsp; ***Event Driven*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axonic Credit Opportunities Fund L.P. - b | 01/01/2014 | 2142965 | 2477909 | 9.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axonic Credit Opportunities Overseas Fund, Ltd. - b | 01/01/2016 | 939736 | 1239323 | 4.61 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Oaktree Value Opportunities (Cayman) Fund, Ltd. - a,b | 05/01/2023 | 125007 | 173225 | 0.64 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Point Offshore Fund, Ltd. - side pocket - c | 09/01/2020 | 517126 | 448442 | 1.67 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Event Driven |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3724834 | 4338899 | 16.13 |
| &nbsp;&nbsp;&nbsp;&nbsp; ***Relative Value*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Context Partners Fund, L.P. - b | 02/01/2019 | 3298892 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6004475 | 22.32 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Millennium International, Ltd. - a,b | 08/01/2015 | 869781 | 1705375 | 6.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ShoreBridge Point72 Select, Ltd. - a,b | 06/01/2020 | 3613941 | 6604307 | 24.55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Relative Value |  | 7782614 | 14314157 | 53.21 |
|  **Total Investments in Investment Funds - \*** |  | $**16673519** | $**24239759** | **90.11** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First<br>Acquisition<br>Date** | **Cost** | **Fair Value** | **% of<br>Shareholders'**<br> **Capital** |
|  **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; ***Canada*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Exchange Traded Fund (ETF)*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3iQ Bitcoin ETF (178,824 shares) | 04/29/2025 | $2699992 | $2442736 | 9.08% |
| &nbsp;&nbsp;&nbsp;&nbsp; ***United States*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Private Equity - ‡*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Homebrew Ventures I, L.P. - e,f,h | 07/01/2021 | 312402 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102436 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Digital Investment Group LLC Class B2 - g,h (43 shares) | 08/19/2021 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1040000 | 145408 | 0.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payward, Inc. - g,h |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A preferred stock (9,705 shares) | 12/01/2021 | 497570 | 417374 | 1.55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series seed preferred stock (9,000 shares) | 11/01/2021 | 463500 | 387055 | 1.44 |
|  **Total Investments in Securities - \*** |  | $**5013464** | $**3495009** | **12.99** |
|  **Liabilities, less Other Assets** |  |  | **(830191)** | **(3.10)** |
|  **Shareholders' Capital** |  |  | $**26904577** | **100.00%** |

---

------

**SkyBridge G II Fund** 

**Consolidated Schedule of Investments (continued)** 

**December 31, 2025 (Unaudited)** 

Note: Investments in underlying Investment Funds are categorized by investment strategy.

---

| | |
|:---|:---|
| a | As of December 31, 2025, subject to gated redemptions (these are investor-level percentage limitations on redemption).  |

---

b Redemptions permitted quarterly.

c Illiquid, redeemable only when underlying investment is realized or converted to liquid interest in Investment Fund. The Company held $1,117,157 (4.61% of total Investments in Investment Funds) of illiquid investments at December 31, 2025. 

d Redemptions permitted daily.

e The industry for these securities is financial technology.

f Forward agreement to receive shares of Plaid Inc. at a future date.

g The industry for these securities is digital asset trading & servicing.

h As of December 31, 2025, the value of this investment was determined using significant unobservable inputs.

‡ The Company's Investments in Investment Funds and private equities are exempt from registration under
the Securities Act of 1933, as amended, and contain restrictions on resale and cannot be sold publicly.

\* All Investments in Investment Funds and securities are non-income producing.

† The cost and unrealized appreciation/(depreciation) of investments as of December 31, 2025, as computed for
federal tax purposes, were as follows:

---

| | |
|:---|:---|
|  Aggregate cost | $25692439 |
|  Gross unrealized appreciation | $9581483 |
|  Gross unrealized depreciation | (7539153) |
|  Net unrealized appreciation | $2042330 |

---

------

**SkyBridge G II Fund** 

**Notes to Schedule of Investments** 

**December 31, 2025 (Unaudited)** 

**1.** **Fair Value Disclosures** 

In accordance with the authoritative guidance on fair value measurements and disclosures under accounting principles generally accepted in the United States of America ("GAAP"), SkyBridge G II Fund (formerly known as SkyBridge G II Fund, LLC) (the "Company") discloses the fair value of its investments in a hierarchy that prioritizes the inputs to valuation techniques used to measure the fair value. The hierarchy gives the highest priority to valuations based upon unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to valuations based upon unobservable inputs that are significant to the valuation (Level 3 measurement). The guidance establishes three levels of fair value as listed below.

Level 1- Inputs that reflect unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access at the measurement date;

Level 2- Inputs other than quoted prices that are observable for the asset or liability either directly or indirectly, including inputs in markets that are not considered to be active;

Level 3- Inputs that are unobservable.

The notion of unobservable inputs is intended to allow for situations in which there is little, if any, market activity for the asset or liability at the measurement date. Under Level 3, the owner of an asset must determine valuation based on their own assumptions about what market participants would take into account in determining the fair value of the asset, using the best information available.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

A financial instrument's level within the fair value hierarchy is based upon the lowest level of any input that is significant to the fair value measurement. However, the determination of what constitutes "observable" requires significant judgment by the Adviser. The Adviser considers observable data to be market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively involved in the relevant market.

The following is a summary of the Company's assets measured at fair value as of December 31, 2025, by Accounting Standards Codification ("ASC") 820 fair value hierarchy levels:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Level 1<br>Quoted Prices** | **Level 2<br>Significant<br>Observable Inputs** | **Level 3<br>Significant<br>Unobservable**<br> **Inputs** | **Investments<br>Measured at Net<br>Asset Value** | **Total Fair Value<br>at December 31,**<br> **2025** |
|  Investments in Investment Funds | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $— | $24239759 | $24239759 |
|  Investments in Securities |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Exchange Traded Fund (ETF) | $2442736 | $— | $— | $— | $2442736 |
| &nbsp;&nbsp;&nbsp;&nbsp; Private Equity | $— | $— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1052273 | $— | $1052273 |

---

------

**SkyBridge G II Fund** 

**Notes to Schedule of Investments (continued)** 

**December 31, 2025 (Unaudited)** 

**1.** **Fair Value Disclosures (continued)** 

The Company's investments in Investment Funds for which fair value is measured using NAV per share as a practical expedient, in the amount of $24,239,759 have not been categorized in the fair value hierarchy. There were no purchases into Level 3, there were sales in the amount of $173,555 in Level 3. There was $(1,261,199) unrealized depreciation on private equity for the period ended December 31, 2025. The following table summarizes the valuation methodology and significant unobservable inputs used to estimate the fair value of Level 3 investments as of December 31, 2025.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Type of Level 3 Investment** | **Fair Value as of<br>December 31,**<br> **2025** | **Valuation Technique** | **Unobservable<br>Input** | **Input Range** | **Input**<br> **(weighted<br>average)<sup>(1)</sup>** |
|  Investments in Securities |  |  |  |  |  |
|  Private Equity | $1052273 | Market comparable companies | Revenue Multiple | 2.25x-20.0.x | 8.39x |
|  |  | Market comparable companies | Actual Hash Rate | 45.0-65.0 | 55.00 |

---

<sup>(1)</sup> Unobservable inputs were weighted by the relative fair value of the investments.

Changes in inputs such as Revenue multiple, EBITDA multiple or Actual Hash Rate multiple, each in isolation, may change the fair value of certain Company's investments. Generally, an increase in Revenue multiples, EBITDA multiples, and Actual Hash Rates multiples may result in an increase in the fair value of certain Company's investments.

The following is a summary of the investment strategies, their liquidity and redemption notice periods and any restrictions on the liquidity provisions of the investments in Investment Funds held by the Company as of December 31, 2025. and measured at fair value using the NAV per share practical expedient. Investment Funds with no current redemption restrictions may be subject to future gates, lock-up provisions or other restrictions, in accordance with their offering documents which would be considered in fair value measurement and disclosure.

**Cryptocurrency and Digital Assets** Investment Managers may pursue a variety of investment strategies in managing digital assets of an Investment Fund, and the Company may invest in Investment Funds that provide access to a particular digital asset or assets without a discretionary investment strategy. The Company may also invest in Investment Funds whose Investment Managers have discretion to manage a diversified portfolio of digital assets. The Company and Investment Funds may hold long and short positions in digital assets. The Company and Investment Funds may also invest in securities of companies related, in whole or in part, to digital assets or digital asset technologies (including digital asset miners, payment technologies, digital security, or crypto trading exchanges), or that otherwise have direct or indirect exposure to emerging technologies. The Company and Investment Funds may invest in derivative contracts on digital assets, including cryptocurrency swap agreements,

------

**SkyBridge G II Fund** 

**Notes to Schedule of Investments (continued)** 

**December 31, 2025 (Unaudited)** 

**1.** **Fair Value Disclosures (continued)** 

for hedging purposes and non-hedging purposes. The Company may use its assets to offset the carbon footprint associated with the Company's exposure to Bitcoin and other digital assets. Generally, the Investment Funds within this strategy have daily to quarterly liquidity, subject to a 1 to 30 day notice period. An Investment Fund in this strategy, representing approximately 1 percent of the Investment Funds in this strategy is illiquid or side pocket investments with suspended redemptions. Approximately 32 percent of the Investment Funds in this strategy have gated redemptions, which are lifted after 12 months. The remaining approximately 67 percent of the Investment Funds in this strategy can be redeemed with no restrictions as of the measurement date.

**Directional Equity** funds take long and short stock positions. The manager may attempt to profit from both long and short stock positions independently, or profit from the relative outperformance of long positions against short positions. The stock picking and portfolio construction process is usually based on bottom-up fundamental stock analysis, but may also include top-down macro-based views, market trends and sentiment factors. Directional equity managers may specialize by region (e.g., global, U.S., Europe or Japan) or by sector. No assurance can be given that the managers will be able to correctly locate profitable trading opportunities, and such opportunities may be adversely affected by unforeseen events. In addition, short selling creates the risk of loss if the security that has been sold short appreciates in value. Generally, the Investment Funds within this strategy have quarterly liquidity, subject to a 45 day notice period. Investment Funds in this strategy, representing approximately 17 percent of the Investment Funds in this strategy are illiquid or side pocket investments with suspended redemptions. The remaining approximately 83 percent of the Investment Funds in this strategy can be redeemed with no restrictions as of the measurement date.

**Relative Value** strategies seek to take advantage of specific pricing anomalies, while also seeking to maintain minimal exposure to systematic market risk. This may be achieved by purchasing one security previously believed to be undervalued, while selling short another security perceived to be overvalued. Relative value arbitrage strategies include equity market neutral, statistical arbitrage, convertible arbitrage, and fixed income arbitrage. Some investment managers classified as multi-strategy relative value arbitrage use a combination of these substrategies. Generally, the Investment Funds within this strategy have quarterly liquidity, subject to a 55 to 90 day notice period. Approximately 58 percent of

------

**SkyBridge G II Fund** 

**Notes to Schedule of Investments (continued)** 

**December 31, 2025 (Unaudited)** 

**1.** **Fair Value Disclosures (continued)** 

the Investment Funds in this strategy have gated redemptions, which are estimated to be lifted after 12 months. The remaining approximately 42 percent of the Investment Funds in this strategy can be redeemed with no restrictions as of the measurement date.

**Private Equity Investments:** The Company also makes investments in private investments in emerging portfolio companies (e.g., venture capital and growth equity investments) and may, on occasion, purchase and hold public equities. Equity investments are valued at initial transaction price and may subsequently be valued using valuation models in the absence of readily observable market prices. Valuation models are generally based on (i) earnings before interest, taxes, depreciation and amortization (EBITDA) multiples analysis, (ii) the value attributable to the equity instrument from the enterprise value of the portfolio company or the proceeds that would be received if the portfolio company liquidated, and (iii) market and income (discounted cash flow) approaches, in which various internal and external factors are considered. Factors include key financial inputs and recent public and private transactions for comparable investments. Key inputs used for the discounted cash flow approach include the weighted average cost of capital and investment terminal values derived from EBITDA multiples. An illiquidity discount may be applied where appropriate.

The availability of valuation techniques and observable inputs can vary from investment to investment and are affected by a wide variety of factors, including the type of investment, whether the investment is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the investment. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, determining fair value requires more judgment. Because of the inherent uncertainty of valuation, those estimated values may be materially higher or lower than the values that would have been used had a readily available market existed for such assets or liabilities and the values that may ultimately be realized. Accordingly, the degree of judgment exercised by the Manager in determining fair value is greatest for assets or liabilities categorized as Level 3.

The Company follows the authoritative guidance under GAAP on determining fair value when the volume and level of activity for the asset or liability have significantly changed and identifying transactions that are not orderly. Accordingly, if the Company determines that either the volume and/or level of activity for an asset or liability has significantly changed (from normal conditions for that asset or liability) or price quotations or observable inputs are not associated with orderly transactions, increased analysis and management judgment will be required to estimate fair value. Valuation techniques such as an income approach might be appropriate to supplement or replace a market approach in those circumstances.

The guidance also provides a list of factors to determine whether there has been a significant change in relation to normal market activity. Regardless of the valuation technique and inputs used, the objective for the fair value measurement in those circumstances is unchanged from what it would be if markets were operating at normal activity levels and/or transactions were orderly; that is, to determine the current exit price.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SkyBridge G II Fund

- **b. Investment Company Act file number:** 811-22561

- **c. CIK number of Registrant:** 0001520568

- **d. LEI of Registrant:** 549300KMXWHN3SYYXY51

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

  - **Street Address 1:** 527 Madison Avenue

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022

  - **Telephone number:** 212-485-3100

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

- **a. Name of Series:** SkyBridge G II Fund

- **c. LEI of Series:** 549300KMXWHN3SYYXY51

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $29615756.62

**Total Liabilities:** $2711179.80

**Net Assets:** $26904576.82

**Cash Not Reported:** $99092.65

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C999999999 | 0.10%                | -3.36%               | 0.65%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $933240.53               | $-814535.09                                |
| Month 2  | $-466445.38              | $-446299.13                                |
| Month 3  | $-258392.43              | $534239.25                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Context Partners Fund, LP                       | Context Partners Fund, LP                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3298892 | OU      | $6004475.00   | 22.32%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Galaxy Institutional Bitcoin Fund, Ltd.         | Galaxy Institutional Bitcoin Fund, Ltd.         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |    598231 | OU      | $718030.81    | 2.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Millennium International, Ltd                   | Millennium International, Ltd                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |    869781 | OU      | $1705374.95   | 6.34%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Multicoin Capital Offshore, SPC                 | Multicoin Capital Offshore, SPC                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   1238175 | OU      | $541263.13    | 2.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Oaktree Value Opportunities (Cayman) Fund, Ltd. | Oaktree Value Opportunities (Cayman) Fund, Ltd. | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |    125006 | OU      | $173225.32    | 0.64%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Pantera Bitcoin Feeder Fund Ltd                 | Pantera Bitcoin Feeder Fund Ltd                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |    283098 | OU      | $410776.97    | 1.53%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Homebrew Ventures I, L.P.                       | Homebrew Ventures I, L.P.                       | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | US        |    312402 | OU      | $102436.00    | 0.38%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Redmile Strategic Offshore Fund LTD             | Redmile Strategic Offshore Fund LTD             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |     87784 | OU      | $62807.38     | 0.23%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ShoreBridge Point72 Select, Ltd.                | ShoreBridge Point72 Select, Ltd.                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   3613941 | OU      | $6604306.57   | 24.55%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Third Point Offshore Fund, Ltd                  | Third Point Offshore Fund, Ltd                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |    517126 | OU      | $448442.00    | 1.67%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Whale Rock Flagship Fund, Ltd                   | Whale Rock Flagship Fund, Ltd                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |    335695 | OU      | $193216.00    | 0.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| New York Digital Investment Group LLC           | New York Digital Investment Group LLC           | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | US        |   1040000 | OU      | $145408.00    | 0.54%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Payward, Inc (Kraken)                           | Payward, Inc (Kraken)                           | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | US        |    961070 | OU      | $804429.00    | 2.99%             |  |  |  | Yes           | 3                  | On Loan: No      |
| 3IQ BITCOIN ETF                                 | 3IQ BITCOIN ETF                                 | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | US        |   2699992 | OU      | $2442735.84   | 9.08%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Armistice Capital Offshore Fund Ltd             | Armistice Capital Offshore Fund Ltd             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |    147000 | OU      | $150208.24    | 0.56%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Axonic Credit Opportunities Fund, LP            | Axonic Credit Opportunities Fund, LP            | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   2142965 | OU      | $2477909.38   | 9.21%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Axonic Credit Opportunities Overseas Fund, Ltd  | Axonic Credit Opportunities Overseas Fund, Ltd  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |    939736 | OU      | $1239322.67   | 4.61%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Coatue Offshore Fund, Ltd                       | Coatue Offshore Fund, Ltd                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   2476088 | OU      | $3510401.12   | 13.05%            |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-01-28

**Name of Applicant:** SkyBridge G II Fund

**Signature:** Robert Phillips

**Name of Signer:** Robert Phillips

**Title:** Treasurer and Principal Financial Officer