# EDGAR Filing Document

**Accession Number:** 0001638600
**File Stem:** 0000894189-25-014712
**Filing Date:** 2025-11
**Character Count:** 8998
**Document Hash:** e6a6964c5e0a754bb649b9404f2bf406
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-014712.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0000894189-25-014712

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20260331

**FILER**: 

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

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23055
- **FILM NUMBER:** 251516829

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77027

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

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

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

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

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $28854459.69

**Total Liabilities:** $722266.67

**Net Assets:** $28132193.02

**Cash Not Reported:** $847287.28

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | -0.40%               | 1.55%                | 2.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $767317.94               | $-843740.76                                |
| Month 2  | $0.00                    | $468888.77                                 |
| Month 3  | $0.00                    | $675461.94                                 |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| WMQS Global Equity Active Extension Onshore Fund LP | WMQS Global Equity Active Extension Onshore Fund LP | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |     38332 | NS      | $1834208.03   | 6.52%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Winton Diversified Strategy Fund (US) L.P.          | Winton Diversified Strategy Fund (US) L.P.          | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |    846000 | NS      | $1460385.26   | 5.19%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Voss Value Fund, L.P.                               | Voss Value Fund, L.P.                               | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   1400000 | NS      | $1467452.77   | 5.22%             |  |  |  | Yes           | N/A                | On Loan: No      |
| The Winton Trend Fund (US) L.P.                     | The Winton Trend Fund (US) L.P.                     | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |    725000 | NS      | $1333090.89   | 4.74%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Stanely Partners Fund, LP                           | Stanely Partners Fund, LP                           | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |    125000 | NS      | $1408178.00   | 5.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Spruce Point Research Activism Partners LP          | Spruce Point Research Activism Partners LP          | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |    731381 | NS      | $1582805.18   | 5.63%             |  |  |  | Yes           | N/A                | On Loan: No      |
| SIO Partners, L.P.                                  | SIO Partners, L.P.                                  | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |    623220 | NS      | $1511905.17   | 5.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Riverview Omni Fund LP                              | Riverview Omni Fund LP                              | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   2100000 | NS      | $3098486.00   | 11.01%            |  |  |  | Yes           | N/A                | On Loan: No      |
| North Rock Fund, L.P. Series E                      | North Rock Fund, L.P. Series E                      | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   1150000 | NS      | $2568473.34   | 9.13%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Mission Crest Macro Fund, LP                        | Mission Crest Macro Fund, LP                        | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   2080000 | NS      | $2203411.81   | 7.83%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Greenlight Capital Investors, LP Gold Interests     | Greenlight Capital Investors, LP Gold Interests     | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |    793341 | NS      | $1932758.09   | 6.87%             |  |  |  | Yes           | N/A                | On Loan: No      |
| FX Strategy LLC                                     | FX Strategy LLC                                     | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |    500000 | NS      | $409007.42    | 1.45%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Dayah Alpha Partners, LP Class F1                   | Dayah Alpha Partners, LP Class F1                   | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   1500000 | NS      | $1552478.86   | 5.52%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Cooper Creek Partners LLC Class D                   | Cooper Creek Partners LLC Class D                   | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |    200000 | NS      | $184601.88    | 0.66%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Cooper Creek Partners LLC Class B                   | Cooper Creek Partners LLC Class B                   | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |    850000 | NS      | $1218167.70   | 4.33%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Alkeon Growth Partners LP                           | Alkeon Growth Partners LP                           | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   1500000 | NS      | $1554875.32   | 5.53%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 4D Capital Partners, L.P.                           | 4D Capital Partners, L.P.                           | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   1550000 | NS      | $1926829.10   | 6.85%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-11-25

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

**Signature:** /s/ Phil Pilibosian

**Name of Signer:** Phil Pilibosian

**Title:** President