# EDGAR Filing Document

**Accession Number:** 0001984165
**File Stem:** 0000910472-26-003606
**Filing Date:** 2026-3
**Character Count:** 83843
**Document Hash:** 1cfd0b1bcd8f84b0658839487ca59658
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003606.hdr.sgml**: 20260302

**ACCESSION NUMBER**: 0000910472-26-003606

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260302

**DATE AS OF CHANGE**: 20260302

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CAZ Strategic Opportunities Fund
- **CENTRAL INDEX KEY:** 0001984165

**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:** 811-23892
- **FILM NUMBER:** 26704094

**BUSINESS ADDRESS:**
- **STREET 1:** ONE RIVERWAY, SUITE 2000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77056
- **BUSINESS PHONE:** 713.403.8250

**MAIL ADDRESS:**
- **STREET 1:** ONE RIVERWAY, SUITE 2000
- **CITY:** HOUSTON
- **STATE:** TX
- **ZIP:** 77056

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAZ STRATEGIC OPPORTUNITIES FUND
- **DATE OF NAME CHANGE:** 20230809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CAZ Holy Grail Fund
- **DATE OF NAME CHANGE:** 20230705

## Nport-Ex

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | | |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS** | **CONSOLIDATED SCHEDULE OF INVESTMENTS** | **CONSOLIDATED SCHEDULE OF INVESTMENTS** | | |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | | |
| **COMMON STOCKS - 0.3%** | | **Shares** | <br>**Cost** | <br>**Value** |
| **INDUSTRIALS - 0.1%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ELECTRICAL EQUIPMENT - 0.1%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NuScale Power Corporation <sup>(a)</sup> |  | &nbsp;&nbsp;47000 | &nbsp;&nbsp;$978900 | &nbsp;&nbsp;$665990 |
| **UTILITIES - 0.2%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**GAS & WATER UTILITIES - 0.2%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WaterBridge Infrastructure, LLC - Class A <sup>(a)</sup> |  | &nbsp;&nbsp;56250 | &nbsp;&nbsp;1128207 | &nbsp;&nbsp;1125563 |
| **TOTAL COMMON STOCKS** (Cost $2,107,107) | **TOTAL COMMON STOCKS** (Cost $2,107,107) |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$2107107 | &nbsp;&nbsp;$1791553 |
| **PRIVATE INVESTMENTS - 99.1%** | **Acquisition Date** | **Shares** | **Cost** | **Value** |
| **CO-INVESTMENTS - 44.9%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**AEROSPACE AND DEFENSE - 4.9%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AE Co-Investment Partners Fund III-R, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;12/19/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp;$2014010 | &nbsp;&nbsp;$2010114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caffeinated Capital Onebrief SPV, LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/29/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;3010649 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caffeinated Capital Saronic SPV, LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;6/18/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1000000 | &nbsp;&nbsp;2607768 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caffeinated Capital Varda SPV II, LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/6/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;1995503 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overmatch Apex SPV LLC, Class A <sup>(a)(c)(d)</sup> | &nbsp;&nbsp;8/28/2025 | &nbsp;&nbsp;2941176 | &nbsp;&nbsp; 2970588 | &nbsp;&nbsp;2970588 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snowpoint Growth I.VI, LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/26/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 3080390 | &nbsp;&nbsp;3049107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tamarack Global Impulse Space II, LP, Class A <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;8/22/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;3791331 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WH Strategic Opportunities Fund IV LP <sup>(a)(c)(d)</sup> | &nbsp;&nbsp;8/29/2025 | &nbsp;&nbsp;2058824 | &nbsp;&nbsp; 2058824 | &nbsp;&nbsp;2058824 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;WH Strategic Opportunities Fund XI LP, Class A <sup>(a)(c)(d)</sup> | &nbsp;&nbsp;12/18/2025 | &nbsp;&nbsp;2500000 | &nbsp;&nbsp; 2512500 | &nbsp;&nbsp;2512500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Yellowstone Midco Holdings II, LLC, Class P Units <sup>(a)(d)(e)</sup> | &nbsp;&nbsp;10/17/2025 | &nbsp;&nbsp;2500 | &nbsp;&nbsp; 2500000 | &nbsp;&nbsp;2500000 |
|  |  |  | &nbsp;&nbsp; 21636312 | &nbsp;&nbsp;26506384 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**CONSUMER DISCRETIONARY - 6.0%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26N Nova Co-Investment Partners LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;10/16/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 10000000 | &nbsp;&nbsp;10000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arctos Florida Coinvestment Holdings Feeder, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;6/5/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 4660535 | &nbsp;&nbsp;4577157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASP II AMR Co-Invest, LP <sup>(a)(b)(c)(d)(f)</sup> | &nbsp;&nbsp;6/3/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 3574312 | &nbsp;&nbsp;3750119 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ASP II Project Striker Co-Invest, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;12/6/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 3336934 | &nbsp;&nbsp;3917284 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl HomeCourt Purple LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;12/29/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 10421839 | &nbsp;&nbsp;10421839 |
|  |  |  | &nbsp;&nbsp; 31993620 | &nbsp;&nbsp;32666399 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | | |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | | |
| **PRIVATE INVESTMENTS - 99.1% (Continued)** | **Acquisition Date** | **Shares** | <br>**Cost** | <br>**Value** |
| **CO-INVESTMENTS - 44.9% (Continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**CONSUMER STAPLES - 0.9%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Velocity Made Food, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;6/12/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp;$5062688 | &nbsp;&nbsp;$5027402 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ENERGY - 3.2%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cogentrix Co-Investment Fund-D, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;1/31/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 904423 | &nbsp;&nbsp;1558708 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EnCap Energy Capital Fund VIII Co-Investors MergeCo, LP <sup>(a)(b)(c)(d)(f)</sup> | &nbsp;&nbsp;10/21/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 585959 | &nbsp;&nbsp;585959 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EnCap Energy Capital Fund VIII MergeCo, LP <sup>(a)(b)(c)(d)(f)</sup> | &nbsp;&nbsp;10/21/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1948942 | &nbsp;&nbsp;1948942 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ENR Denali-Avant SPV, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/13/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2442419 | &nbsp;&nbsp;2410398 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equitime SES Investor, LLC <sup>(a)(b)(d)(e)</sup> | &nbsp;&nbsp;6/3/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1848275 | &nbsp;&nbsp;1848275 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Firebird Co-Investment Fund-D, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/15/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 309571 | &nbsp;&nbsp;437435 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HEQ II Co-Investment Fund-D, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/15/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 394150 | &nbsp;&nbsp;523391 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hercules CV, LP <sup>(a)(b)(c)(d)(f)</sup> | &nbsp;&nbsp;5/15/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 3515885 | &nbsp;&nbsp;6040303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;QB Energy Co-Investment Fund-D, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/15/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 481705 | &nbsp;&nbsp;612888 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quantum Energy Partners VIII-D Co-Investment Fund, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/11/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1056751 | &nbsp;&nbsp;1281866 |
|  |  |  | &nbsp;&nbsp; 13488080 | &nbsp;&nbsp;17248165 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**FINANCIALS - 7.0%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;APH Extended Value Fund H, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;1/30/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 4975603 | &nbsp;&nbsp;6064757 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arctos Keystone Atlas Co-Invest A, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;2/3/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5575399 | &nbsp;&nbsp;6338758 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackstone Strategic Capital Holdings II (Vol Co-Invest) LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;10/10/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 3703379 | &nbsp;&nbsp;3703379 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Endurance Parallel Offshore LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;8/21/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5147076 | &nbsp;&nbsp;6042097 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hedosophia SP B LP, Series B <sup>(a)(b)(d)(e)</sup> | &nbsp;&nbsp;7/24/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5196123 | &nbsp;&nbsp;5881586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JCF V Co-Invest E LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;6/23/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2020000 | &nbsp;&nbsp;1988540 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JCF V Co-Invest River LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;6/2/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5224886 | &nbsp;&nbsp;4977676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Olympus Parallel Offshore, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/29/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2214982 | &nbsp;&nbsp;2220542 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PACT-CAZ Offshore Feeder, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/7/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 846130 | &nbsp;&nbsp;846130 |
|  |  |  | &nbsp;&nbsp; 34903578 | &nbsp;&nbsp;38063465 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**HEALTHCARE - 3.0%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClareMedica Parent Holdings, LP - Class A Units <sup>(a)(d)(e)</sup> | &nbsp;&nbsp;4/15/2025 | &nbsp;&nbsp;40000 | &nbsp;&nbsp; 4000000 | &nbsp;&nbsp;4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ClareMedica Parent Holdings, LP - Class C-1 Units <sup>(a)(d)(e)</sup> | &nbsp;&nbsp;4/15/2025 | &nbsp;&nbsp;28564 | &nbsp;&nbsp; – | &nbsp;&nbsp; – |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;HS Investments VI C, LP <sup>(a)(b)(d)(e)</sup> | &nbsp;&nbsp;4/16/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5061655 | &nbsp;&nbsp;9089091 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RCP MQ Co-Investment Fund, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;12/26/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1674675 | &nbsp;&nbsp;3298905 |
|  |  |  | &nbsp;&nbsp; 10736330 | &nbsp;&nbsp;16387996 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | | |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | | |
| **PRIVATE INVESTMENTS - 99.1% (Continued)** | **Acquisition Date** | **Shares** | <br>**Cost** | <br>**Value** |
| **CO-INVESTMENTS - 44.9% (Continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**HOTELS, RESTAURANTS & LEISURE - 2.4%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ACP Woodlands Feeder LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;12/1/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp;$12790316 | &nbsp;&nbsp;$12790316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**INFORMATION TECHNOLOGY - 15.8%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26N Guava Co-Investment Partners LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;8/8/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 7500000 | &nbsp;&nbsp;7443463 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Akra Origin Holdings-A, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/4/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 4860511 | &nbsp;&nbsp;4811641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Alta Park Private Opportunities Fund, LP Series IV <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/4/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 4040000 | &nbsp;&nbsp;4035724 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Artist Growth Opportunity V LP <sup>(a)(b)(d)(e)</sup> | &nbsp;&nbsp;7/2/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 3240000 | &nbsp;&nbsp;3192075 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BP ACE CV, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;12/12/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1168530 | &nbsp;&nbsp;1168530 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caffeinated Capital Aven SPV III, LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;4/30/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2179450 | &nbsp;&nbsp;3911434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caffeinated Capital Aven SPV IV, LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;8/4/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2000000 | &nbsp;&nbsp;2000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Caffeinated Capital Playground SPV, LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;5/7/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 250000 | &nbsp;&nbsp;86129 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GPS V, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;4/25/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5027273 | &nbsp;&nbsp;6484586 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GrowthCurve Capital Destination Co-Invest LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;6/28/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1019468 | &nbsp;&nbsp;1435058 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hedosophia Investments VI K LP, Series B <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;10/28/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5027907 | &nbsp;&nbsp;5027907 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Insight Hideaway Aggregator, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;10/21/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2400000 | &nbsp;&nbsp;3406184 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Neuberger PSG Prima IX LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/23/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5022252 | &nbsp;&nbsp;5014327 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Overmatch Armada SPV B, LLC, Class A Units <sup>(a)(c)(d)</sup> | &nbsp;&nbsp;5/6/2025 | &nbsp;&nbsp;4000000 | &nbsp;&nbsp; 4040000 | &nbsp;&nbsp;4000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;RCP Ocean Co-Investment Fund, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/26/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 8057011 | &nbsp;&nbsp;8000621 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sapphire Opportunity Fund IV, LP, Investment Class 4 <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;8/4/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 4861429 | &nbsp;&nbsp;4860338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snowpoint Growth 2.2, LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/26/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1536162 | &nbsp;&nbsp;1520382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snowpoint Growth 2.3, LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;3/17/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1030000 | &nbsp;&nbsp;1030000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SQ Capital Fund I Holdings A, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;12/10/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 7305011 | &nbsp;&nbsp;7305011 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tamarack Divergent I, LP, Class A <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;8/8/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;5000000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TI VI Project Armstrong Co-Invest, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;4/4/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 4461979 | &nbsp;&nbsp;5132046 |
|  |  |  | &nbsp;&nbsp; 80026983 | &nbsp;&nbsp;84865456 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**UTILITIES - 1.7%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26N Jupiter Co-Investment Partners LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;10/31/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 3015444 | &nbsp;&nbsp;4334301 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sterling Investment Partners XK Opportunities Fund-A, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;10/23/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2636103 | &nbsp;&nbsp;2636103 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | | |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | | |
| **PRIVATE INVESTMENTS - 99.1% (Continued)** | **Acquisition Date** | **Shares** | <br>**Cost** | <br>**Value** |
| **CO-INVESTMENTS - 44.9% (Continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**UTILITIES - 1.7% (Continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stonepeak Cologix Holdings LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/5/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp;$1633217 | &nbsp;&nbsp;$2180289 |
|  |  |  | &nbsp;&nbsp; 7284764 | &nbsp;&nbsp;9150693 |
| **TOTAL CO-INVESTMENTS** |  |  | &nbsp;&nbsp; 217922671 | &nbsp;&nbsp;242706276 |
| **DIRECT INVESTMENTS - 4.2%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**CONSUMER STAPLES - 1.2%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wonder Group Inc., Series C Preferred Stock <sup>(a)(d)(e)</sup> | &nbsp;&nbsp;5/2/2025 | &nbsp;&nbsp;812601 | &nbsp;&nbsp; 6499996 | &nbsp;&nbsp;6499996 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ENERGY - 0.8%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;X-Energy Reactor Company, LLC, Series D Preferred Stock <sup>(a)(d)(e)</sup> | &nbsp;&nbsp;11/21/2025 | &nbsp;&nbsp;309567 | &nbsp;&nbsp; 4499990 | &nbsp;&nbsp;4499990 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**FINANCIALS - 0.9%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pershing Square Holdco, LP <sup>(b)(d)(e)(f)</sup> | &nbsp;&nbsp;5/15/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 3999999 | &nbsp;&nbsp;4796000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**HEALTHCARE - 0.2%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Earli, Inc., Series A-1 Preferred Stock <sup>(a)(d)(e)</sup> | &nbsp;&nbsp;10/4/2024 | &nbsp;&nbsp;1194457 | &nbsp;&nbsp; 999999 | &nbsp;&nbsp;999999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**INDUSTRIALS - 1.0%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Biofire Group Inc., Series A Preferred Stock <sup>(a)(d)(e)</sup> | &nbsp;&nbsp;7/11/2024 | &nbsp;&nbsp;234345 | &nbsp;&nbsp; 249999 | &nbsp;&nbsp;249999 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Biofire Group Inc., Series B-1 Preferred Stock <sup>(a)(d)(e)</sup> | &nbsp;&nbsp;12/31/2025 | &nbsp;&nbsp;44242 | &nbsp;&nbsp; 56825 | &nbsp;&nbsp;56825 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gridpoint, Inc. Series A Convertible Preferred Stock <sup>(a)(d)(e)</sup> | &nbsp;&nbsp;5/29/2025 | &nbsp;&nbsp;82500 | &nbsp;&nbsp; 1402500 | &nbsp;&nbsp;1402500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gridpoint, Inc. Series B Convertible Preferred Stock <sup>(a)(d)(e)</sup> | &nbsp;&nbsp;5/29/2025 | &nbsp;&nbsp;82500 | &nbsp;&nbsp; 1402500 | &nbsp;&nbsp;1402500 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gridpoint, Inc. Series C1 Convertible Preferred Stock <sup>(a)(d)(e)</sup> | &nbsp;&nbsp;5/29/2025 | &nbsp;&nbsp;105233 | &nbsp;&nbsp; 2195003 | &nbsp;&nbsp;2195003 |
|  |  |  | &nbsp;&nbsp; 5306827 | &nbsp;&nbsp;5306827 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**INFORMATION TECHNOLOGY - 0.1%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;ICON Technology, Inc., Common Stock <sup>(a)(d)(e)</sup> | &nbsp;&nbsp;5/30/2024 | &nbsp;&nbsp;54372 | &nbsp;&nbsp; 890699 | &nbsp;&nbsp;406000 |
| **TOTAL DIRECT INVESTMENTS** |  |  | &nbsp;&nbsp; 22197510 | &nbsp;&nbsp;22508812 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | | |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | | |
| **PRIVATE INVESTMENTS - 99.1% (Continued)** | **Acquisition Date** | **Shares** | <br>**Cost** | <br>**Value** |
| **PRIMARY FUND INVESTMENTS - 23.6%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**AEROSPACE AND DEFENSE - 0.7%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;AE Industrial Partners Aerospace Leasing Fund II-A, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;6/20/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp;$1385064 | &nbsp;&nbsp;$2139457 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Snowpoint Ventures II - S&T, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;7/14/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1500000 | &nbsp;&nbsp;1414051 |
|  |  |  | &nbsp;&nbsp; 2885064 | &nbsp;&nbsp;3553508 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**BIOTECHNOLOGY - 1.7%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Janus Henderson Biotech Innovation Fund LLC, Standard Class A <sup>(a)(c)(d)</sup> | &nbsp;&nbsp;8/29/2025 | &nbsp;&nbsp;1643 | &nbsp;&nbsp; 6000000 | &nbsp;&nbsp;9266451 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**CONSUMER DISCRETIONARY - 1.4%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arctos American Football Fund Feeder, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;6/6/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 7492967 | &nbsp;&nbsp;7359353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;VMG Consumer VI, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;10/15/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 60737 | &nbsp;&nbsp;60737 |
|  |  |  | &nbsp;&nbsp; 7553704 | &nbsp;&nbsp;7420090 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**DIVERSIFIED - 7.1%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;26N Private Equity Partners I LP <sup>(b)(c)(d)</sup> | &nbsp;&nbsp;3/25/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 837218 | &nbsp;&nbsp;868602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Audax Senior Loan Fund I, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;1/1/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 4611604 | &nbsp;&nbsp;4985086 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capstone Dispersion Fund (US) LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/1/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 6036476 | &nbsp;&nbsp;6307566 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DSC Meridian Credit Opportunities Offshore Fund LTD, Founders Class <sup>(a)(c)(d)</sup> | &nbsp;&nbsp;6/3/2025 | &nbsp;&nbsp;5000 | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;5420501 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H.I.G. Capital Partners VII-B, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;3/31/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 75000 | &nbsp;&nbsp;29114 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Palmer Square Income Plus Fund LLC, Class A <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;3/15/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;5411369 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Park Square Capital Credit Investments SCSp, SICAV-RAIF – Credit Partners Evergreen <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;1/29/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5000000 | &nbsp;&nbsp;5245818 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Platinum Credit Opportunities Fund, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;10/25/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2814949 | &nbsp;&nbsp;3195299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Saba Capital Carry Neutral Tail Hedge Partners, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;7/1/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 3500000 | &nbsp;&nbsp;3057754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sage Equity Investors Side, LP <sup>(a)(b)(c)(d)(h)</sup> | &nbsp;&nbsp;– | &nbsp;&nbsp; – | &nbsp;&nbsp; – | &nbsp;&nbsp;591683 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Veritas Capital Partners IX, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;8/4/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 260235 | &nbsp;&nbsp;30158 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;TowerBrook Structured Opportunities Fund III (892), LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;1/10/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2573972 | &nbsp;&nbsp;2661474 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Trivest Growth Investment Fund III-A, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;4/17/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 382198 | &nbsp;&nbsp;350058 |
|  |  |  | &nbsp;&nbsp; 36091652 | &nbsp;&nbsp;38154482 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ENERGY - 4.4%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;EnCap Energy Capital Fund XII-B, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/8/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 6559323 | &nbsp;&nbsp;7596154 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | | |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | | |
| **PRIVATE INVESTMENTS - 99.1% (Continued)** | **Acquisition Date** | **Shares** | <br>**Cost** | <br>**Value** |
| **PRIMARY FUND INVESTMENTS - 23.6% (Continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**ENERGY - 4.4% (Continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Five Point Water Management and Sustainable Infrastructure Fund IV LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;10/3/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp;$1068899 | &nbsp;&nbsp;$2290371 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Quantum Parallel Partners VIII-D, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/11/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 6956948 | &nbsp;&nbsp;7522116 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Westwood Energy Secondaries Fund II, LLC <sup>(a)(b)(c)(d)(f)</sup> | &nbsp;&nbsp;12/29/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 6150000 | &nbsp;&nbsp;6150000 |
|  |  |  | &nbsp;&nbsp; 20735170 | &nbsp;&nbsp;23558641 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**FINANCIALS - 0.4%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;GCM Grosvenor Elevate Feeder Fund I, LP <sup>(b)(c)(d)</sup> | &nbsp;&nbsp;8/2/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 3526430 | &nbsp;&nbsp;2477157 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petershill PES II Offshore SCSp <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;5/30/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 417732 | &nbsp;&nbsp; (166216) |
|  |  |  | &nbsp;&nbsp; 3944162 | &nbsp;&nbsp;2310941 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**HOTELS, RESTAURANTS & LEISURE - 0.4%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;F&S I Blocker Member LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/1/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2887500 | &nbsp;&nbsp;2306646 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**INFORMATION TECHNOLOGY - 7.5%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Catalyst Group XII, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;10/17/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 4031088 | &nbsp;&nbsp;4919637 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;H. Barton Venture Select V, LLC <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;4/18/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1410000 | &nbsp;&nbsp;1548218 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Hedosophia Partners VI LP, Series B <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;12/5/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 6250000 | &nbsp;&nbsp;6250000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Khosla Ventures IX, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/19/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 940800 | &nbsp;&nbsp;928736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Khosla Ventures Opportunity III, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/23/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 965200 | &nbsp;&nbsp;959602 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Khosla Ventures Seed G, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/22/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 480000 | &nbsp;&nbsp;473484 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;M13 Ventures IV, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/25/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2512500 | &nbsp;&nbsp;2233681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Series X Capital Fund I, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;7/3/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 3075000 | &nbsp;&nbsp;2850161 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SQ Capital Fund I-A, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;12/23/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 500000 | &nbsp;&nbsp;500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tacora Capital II, LP <sup>(b)(c)(d)</sup> | &nbsp;&nbsp;3/12/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 4151489 | &nbsp;&nbsp;4178168 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tamarack Global Opportunities II, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;8/1/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 4125000 | &nbsp;&nbsp;11320470 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Upfront VIII, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;7/17/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 361236 | &nbsp;&nbsp;294636 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vista Equity Partners Fund VIII-A, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;7/31/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2718847 | &nbsp;&nbsp;3408677 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;XPV Fund 1, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/26/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 1300000 | &nbsp;&nbsp;1300000 |
|  |  |  | &nbsp;&nbsp; 32821160 | &nbsp;&nbsp;41165470 |
| **TOTAL PRIMARY FUND INVESTMENTS** |  |  | &nbsp;&nbsp; 112918412 | &nbsp;&nbsp;127736229 |
| **SECONDARY FUND INVESTMENTS - 26.4%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**CONSUMER DISCRETIONARY - 1.9%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arctos Sports Partners Fund I, LP <sup>(a)(b)(c)(d)(f)</sup> | &nbsp;&nbsp;7/1/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 8428848 | &nbsp;&nbsp;10110076 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | | |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | | |
| **PRIVATE INVESTMENTS - 99.1% (Continued)** | **Acquisition Date** | **Shares** | <br>**Cost** | <br>**Value** |
| **SECONDARY FUND INVESTMENTS - 26.4% (Continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**DIVERSIFIED - 5.7%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dawson Rated Fund 6-R1 Holdings LP, Class B <sup>(a)(b)(c)(d)(f)</sup> | &nbsp;&nbsp;9/30/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp;$4251483 | &nbsp;&nbsp;$5076315 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Gordon Holdings (Offshore) I LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;3/26/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 10044845 | &nbsp;&nbsp;15043152 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sycamore Partners III LP <sup>(a)(b)(c)(d)(f)</sup> | &nbsp;&nbsp;9/30/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 10849269 | &nbsp;&nbsp;10844269 |
|  |  |  | &nbsp;&nbsp; 25145597 | &nbsp;&nbsp;30963736 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**FINANCIALS - 18.1%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackstone Strategic Capital Holdings (Cayman) LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;6/30/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 6817051 | &nbsp;&nbsp;8349927 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blackstone Strategic Capital Holdings LP <sup>(a)(b)(c)(d)(f)</sup> | &nbsp;&nbsp;12/30/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 11443447 | &nbsp;&nbsp;15262676 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl GP Stakes Atlas Fund I Offshore Investors LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;8/6/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 21030244 | &nbsp;&nbsp;28453361 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl GP Stakes Atlas Fund III Offshore Investors LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/5/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5291650 | &nbsp;&nbsp;5291650 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl GP Stakes II Offshore Investors LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;11/3/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2419834 | &nbsp;&nbsp;2419834 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl GP Stakes II Pension Investors LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;4/1/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2069742 | &nbsp;&nbsp;2647303 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl GP Stakes IV Offshore Investors, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;4/1/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2653903 | &nbsp;&nbsp;3456014 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl GP Stakes IV US Investors, LP <sup>(a)(b)(c)(d)(f)</sup> | &nbsp;&nbsp;9/30/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5545292 | &nbsp;&nbsp;9945101 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl GP Stakes Offshore Investors LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;4/1/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 5462375 | &nbsp;&nbsp;8476623 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Blue Owl GP Stakes US Investors LP <sup>(a)(b)(c)(d)(f)</sup> | &nbsp;&nbsp;1/1/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 923873 | &nbsp;&nbsp;1504338 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;BSP Pioneer Investors Feeder, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;9/29/2025 | &nbsp;&nbsp; – | &nbsp;&nbsp; 4602324 | &nbsp;&nbsp;5240754 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Petershill Private Equity Seeding Offshore SCSp <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;7/2/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 4076180 | &nbsp;&nbsp;6478460 |
|  |  |  | &nbsp;&nbsp; 72335915 | &nbsp;&nbsp;97526041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**INFORMATION TECHNOLOGY - 0.7%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NEA Secondary Opportunity Fund, LP <sup>(a)(b)(c)(d)</sup> | &nbsp;&nbsp;7/17/2024 | &nbsp;&nbsp; – | &nbsp;&nbsp; 2157762 | &nbsp;&nbsp;3960059 |
| **TOTAL SECONDARY FUND INVESTMENTS** |  |  | &nbsp;&nbsp; 108068122 | &nbsp;&nbsp;142559912 |
| **TOTAL PRIVATE INVESTMENTS** | **TOTAL PRIVATE INVESTMENTS** |  | &nbsp;&nbsp;$461106715 | &nbsp;&nbsp;$535511229 |

---

---

| | | | |
|:---|:---|:---|:---|
| **CAZ STRATEGIC OPPORTUNITIES FUND** | **CAZ STRATEGIC OPPORTUNITIES FUND** | | |
| **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | **CONSOLIDATED SCHEDULE OF INVESTMENTS (Continued)** | | |
| **MONEY MARKET SECURITIES - 1.8%** | **Shares** | <br>**Cost** | <br>**Value** |
| Federated Treasury Obligations Fund - Institutional Shares, 3.62% <sup>(g)(f)</sup> | &nbsp;&nbsp;9777638 | &nbsp;&nbsp; $9777638 | &nbsp;&nbsp;$9777638 |
| **TOTAL INVESTMENTS AT VALUE - 101.2%** |  | &nbsp;&nbsp;$472991460 | &nbsp;&nbsp;$547080420 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS - (1.2%)** |  |  | &nbsp;&nbsp; (6523543) |
| **NET ASSETS - 100.0%** |  |  | &nbsp;&nbsp;$540556877 |

---

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> Investment does not issue shares.

<sup>(c)</sup> Investment is valued using the Fund's pro rata net asset value (or its equivalent) as a practical expedient.

<sup>(d)</sup> Restricted investments as to resale. The total of these restricted securities represents 99.1% of Net Assets. The total value of these securities is $535,511,229.

<sup>(e)</sup> Level 3 securities fair valued using significant unobservable inputs. The total of these Level 3 securities represents 9.7% of Net Assets. The total value of these securities is $49,019,839.

<sup>(f)</sup> All or a portion of the security is held through a wholly-owned consolidated Subsidiary, CAZ SOF Opportunistic Blocker LLC.

<sup>(g)</sup> The rate shown is the 7-day effective yield as of December 31, 2025.

<sup>(h)</sup> As of December 31, 2025, $15,000,000 has been committed for this investment but has not yet been funded by the Fund.

LLC - Limited Liability Company <br> LP - Limited Partnerships <br>

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** CAZ Strategic Opportunities Fund

- **b. Investment Company Act file number:** 811-23892

- **c. CIK number of Registrant:** 0001984165

- **d. LEI of Registrant:** 529900ED7EM1EEMMKU09

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

  - **Street Address 1:** One Riverway

  - **City:** Houston

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 77056

  - **Telephone number:** 713-403-8250

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

- **a. Name of Series:** CAZ Strategic Opportunities Fund

- **c. LEI of Series:** 529900ED7EM1EEMMKU09

**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:** $550952005.57

**Total Liabilities:** $10395128.32

**Net Assets:** $540556877.25

**Cash Not Reported:** $4487524.65

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 1.62%                | 1.35%                | 1.77%                |
| Class ID N/A | 1.69%                | 1.38%                | 1.83%                |
| Class ID N/A | 1.73%                | 1.38%                | 1.88%                |
| Class ID N/A | 1.66%                | 1.35%                | 1.77%                |
| Class ID N/A | 1.67%                | 1.36%                | 1.82%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2954009.39              | $5666805.87                                |
| Month 2  | $0.00                    | $7464648.88                                |
| Month 3  | $0.00                    | $10292979.03                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| N/A                      | 26N Nova Co-Investment Partners, LP                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  10000000 | NS      | $10000000.00  | 1.85%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | 26N Private Equity Partners I LP                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    837218 | NS      | $868602.00    | 0.16%             |  |  |  | Yes           | N/A                | On Loan: No      |
| FEDERATED TREAS OBLIG FD | Federated Treasury Obligations Fund Institutional Shares                            | CUSIP: 60934N500<br>LEI: 25490005VWJDWX717014 | Long             | STIV             | RF                | US        |   9777638 | NS      | $9777638.23   | 1.81%             |  |  |  | No            | 1                  | On Loan: No      |
| NuScale Power Corp.      | NuScale Power Corporation                                                           | CUSIP: 67079K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     47000 | NS      | $665990.00    | 0.12%             |  |  |  | No            | 1                  | On Loan: No      |
| WATERBRIDGE IN-A         | WaterBridge Infrastructure, LLC                                                     | CUSIP: 940923105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56250 | NS      | $1125562.50   | 0.21%             |  |  |  | No            | 1                  | On Loan: No      |
| N/A                      | AE Industrial Partners Aerospace Leasing Fund II-A, LP                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3128582 | NS      | $2139456.93   | 0.40%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | AE Co-Investment Partners Fund III-R, LP                                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2014010 | NS      | $2010113.87   | 0.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Akra Origin Holdings-A, LP                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4860511 | NS      | $4811641.00   | 0.89%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Alta Park Private Opportunities Fund, LP - Series IV (Series K Sub-Capital Account) | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4040000 | NS      | $4035723.64   | 0.75%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Overmatch Apex SPV LLC, Class A                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2970588 | NS      | $2970588.23   | 0.55%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | APH Extended Value Fund H, LP                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4975603 | NS      | $6064757.00   | 1.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Arctos Keystone Atlas Co-Invest A, LP                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | DE        |   5405405 | NS      | $6338757.43   | 1.17%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | TI VI Project Armstrong Co-Invest, LP                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4461979 | NS      | $5132046.00   | 0.95%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Artist Growth Opportunity V LP                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3240000 | NS      | $3192075.00   | 0.59%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | ASP II AMR Co-Invest, LP                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3531888 | NS      | $3750119.00   | 0.69%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | ASP II Project Striker Co-Invest, LP                                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3391393 | NS      | $3917284.00   | 0.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Audax Senior Loan Fund I, LP                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5000000 | NS      | $4985085.54   | 0.92%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | H. Barton Venture Select V LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1411695 | NS      | $1548218.00   | 0.29%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Biofire Group, Inc.                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    249999 | NS      | $249999.25    | 0.05%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | Biofire Group Inc., Safe                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |     56825 | NS      | $56825.00     | 0.01%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | Blackstone Strategic Capital Holdings, LP                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  15277150 | NS      | $15262676.00  | 2.82%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Blue Owl GP Stakes Offshore Investors LP                                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5834523 | NS      | $8476623.45   | 1.57%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Blue Owl GP Stakes IV Offshore Investors, LP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3855443 | NS      | $3456013.80   | 0.64%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Blue Owl GP Stakes US Investors LP                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    976545 | NS      | $1504337.66   | 0.28%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Blue Owl GP Stakes Atlas Fund I Offshore Investors                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  24519719 | NS      | $28453360.65  | 5.26%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Blue Owl GP Stakes II Pension Investors LP                                          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2539134 | NS      | $2647303.13   | 0.49%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Blue Owl GP Stakes IV US Investors, LP                                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   9704789 | NS      | $9945101.22   | 1.84%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Blue Owl GP Stakes Atlas Fund III Offshore Investors LP                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   6738480 | NS      | $5291649.72   | 0.98%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | BP ACE CV, LP                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1168530 | NS      | $1168530.00   | 0.22%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Caffeinated Capital Saronic SPV, LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1000000 | NS      | $2607768.33   | 0.48%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Caffeinated Capital Playground SPV, LLC                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    250000 | NS      | $86128.62     | 0.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Caffeinated Capital Varda SPV II, LLC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2000000 | NS      | $1995503.11   | 0.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Caffeinated Capital Aven SPV IV, LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2000000 | NS      | $2000000.00   | 0.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Caffeinated Capital Aven SPV III, LLC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2179450 | NS      | $3911434.08   | 0.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Blackstone Strategic Capital Holdings II (Vol Co-Invest) LLC                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3857883 | NS      | $3703378.72   | 0.69%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Capstone Dispersion Fund (US) LP                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   6036477 | NS      | $6307567.00   | 1.17%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | ClareMedica Parent Holdings, LP - Class A Units                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |     40000 | NS      | $4000000.00   | 0.74%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | ClareMedica Parent Holdings, LP - Class C-1 Units                                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |     28564 | NS      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | Cogentrix Co-Investment Fund-D, LP                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1001572 | NS      | $1558708.02   | 0.29%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | VMG Consumer VI, LP                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |     60737 | NS      | $60737.00     | 0.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Dawson Partner Rated Fund                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3669983 | NS      | $5076315.28   | 0.94%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | HEQ II Co-Investment Fund-D, LP                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    394150 | NS      | $523391.19    | 0.10%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | CAZ SOF ENR Avant Blocker LP                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2442419 | NS      | $2410398.00   | 0.45%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Tamarack Divergent I, LP, Class A                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5000000 | NS      | $5000000.00   | 0.92%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | DSC Meridian Credit Opportunities  Offshore Fund LTD, Founders Class                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5000000 | NS      | $5420500.68   | 1.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Earli, Inc.                                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    999999 | NS      | $999999.41    | 0.18%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | EnCap Energy Capital Fund VIII CoInvest MergeCo LP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    592780 | NS      | $585958.93    | 0.11%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | EnCap Energy Capital Fund VIII MergeCo, LP                                          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1971632 | NS      | $1948942.03   | 0.36%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Endurance Parallel Offshore LP                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5147076 | NS      | $6042097.16   | 1.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Encap Energy Capital Fund XII-B, LP                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   8209999 | NS      | $7596154.02   | 1.41%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Equitime SES Investor, LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1848275 | NS      | $1848274.76   | 0.34%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | Five Point Water MGMT & Sustainable Infra Fund                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1105719 | NS      | $2290371.00   | 0.42%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Arctos Florida Coinvestment Holdings Feeder LP                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4660536 | NS      | $4577157.00   | 0.85%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Arctos American Football Fund Feeder LP                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  11950680 | NS      | $7359353.00   | 1.36%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | F&S Blocker Member LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3000000 | NS      | $2306646.00   | 0.43%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | General Catalyst Group XII, LP                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3978312 | NS      | $4919637.04   | 0.91%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Gordon Holdings (Offshore) I LP                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  12972725 | NS      | $15043152.02  | 2.78%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | GPS V, LP                                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5027273 | NS      | $6484585.72   | 1.20%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Gridpoint, Inc. Series A Convertible Pref Stock                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1402500 | NS      | $1402500.00   | 0.26%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | Gridpoint, Inc. Series B Convertible Pref Stock                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1402500 | NS      | $1402500.00   | 0.26%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | Gridpoint, Inc. Series C1 Convertible Pref Stock                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2195003 | NS      | $2195002.53   | 0.41%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | GCM Grosvenor Elevate Feeder Fund I, LP                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4468210 | NS      | $2477156.88   | 0.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | GrowthCurve Capital Destination Co-Invest LP                                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1020121 | NS      | $1435058.00   | 0.27%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | 26N Guava Co-Investment Partners LP                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   7500000 | NS      | $7443463.00   | 1.38%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Hedosophia SP B LP, Series B                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | GG        |   4369428 | NS      | $5881586.38   | 1.09%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | Hedosophia Investments VI K LP, Series B                                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5027907 | NS      | $5027907.00   | 0.93%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Hedosophia Partners VI L.P., Series B                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   6250000 | NS      | $6250000.00   | 1.16%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Hercules CV, LP                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3692454 | NS      | $6040302.96   | 1.12%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | H.I.G. Capital Partners VII-B, LP                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |     75000 | NS      | $29114.00     | 0.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Blue Owl HomeCourt Purple LLC                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  10421839 | NS      | $10421838.61  | 1.93%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | HS Investments VI-C, LP                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5061654 | NS      | $9089091.35   | 1.68%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | Icon Technology, Inc.                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |     54372 | NS      | $406000.00    | 0.08%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | Insight Hideaway Aggregator, LP                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2550833 | NS      | $3406184.40   | 0.63%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Janus Henderson Biotech Innovation Fund LLC, Class-A                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |      1643 | NS      | $9266451.45   | 1.71%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | JCF V Co-Invest E LP                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2020000 | NS      | $1988540.00   | 0.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | JCF V Co-Invest River LP                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | KY        |   3838441 | NS      | $4977676.30   | 0.92%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | 26N Jupiter Co-Investment Partners LP                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3015444 | NS      | $4334301.00   | 0.80%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Khosla Ventures IX, LP                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    940800 | NS      | $928736.00    | 0.17%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Arctos Sports Partners Fund I, LP                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   9129397 | NS      | $10110076.00  | 1.87%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Khosla Ventures Seed G, LP                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    480000 | NS      | $473484.00    | 0.09%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Khosla Ventures Opportunity III, LP                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    965200 | NS      | $959602.00    | 0.18%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | M13 Ventures IV, LP                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2512500 | NS      | $2233681.00   | 0.41%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | NEA Secondary Opportunity Fund, LP                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2417093 | NS      | $3960059.12   | 0.73%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Olympus Parallel Offshore, LP                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2214982 | NS      | $2220541.59   | 0.41%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Caffeinated Capital Onebrief SPV, LLC                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2000000 | NS      | $3010648.99   | 0.56%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Overmatch Armada SPV B, LLC                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4040000 | NS      | $4000000.00   | 0.74%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Blue Owl GP Stakes II Offshore Investors LP                                         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2471638 | NS      | $2419833.94   | 0.45%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | PACT-CAZ Offshore Feeder, L.P.                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    856409 | NS      | $846130.00    | 0.16%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Palmer Square Income Plus Fund LLC                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4891210 | NS      | $5411369.00   | 1.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Park Square Capital Credit Investments                                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5000000 | NS      | $5245818.11   | 0.97%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Pershing Square Holdco, LP                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4000000 | NS      | $4796000.00   | 0.89%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | Petershill PES II Offshore SCSp                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    417732 | NS      | $-166215.75   | -0.03%            |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Petershill Private Equity Seeding Offshore SCsp                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4460657 | NS      | $6478460.48   | 1.20%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | BSP Pioneer Investors Feeder, LP                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4602324 | NS      | $5240754.00   | 0.97%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Platinum Credit Opportunities Fund, LP                                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5020482 | NS      | $3195299.00   | 0.59%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Firebird Co-Investment Fund-D, LP                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    309571 | NS      | $437435.48    | 0.08%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Neuberger PSG Prima IX LP                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5022252 | NS      | $5014326.86   | 0.93%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | QB Energy Co-Investment Fund-D, LP                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    481705 | NS      | $612887.87    | 0.11%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Quantum Energy Partners VIII-D Co-Investment Fund                                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1347843 | NS      | $1281866.17   | 0.24%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Quantum Parallel Partners VIII-D, LP                                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   9114728 | NS      | $7522116.21   | 1.39%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | RCP MQ Co-Investment Fund, LP                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2521354 | NS      | $3298905.00   | 0.61%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | RCP Ocean Co-Investment Fund, LP                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   8057011 | NS      | $8000621.10   | 1.48%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Saba Capital Carry Neutral Tail Hedge Partners, LP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3500000 | NS      | $3057754.09   | 0.57%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Sage Equity Investors Side, LP                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    441845 | NS      | $591683.00    | 0.11%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Sapphire Opportunity Fund IV, LP, Investment Class 4                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5014286 | NS      | $4860338.42   | 0.90%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Series X Capital Fund I, LP                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3075000 | NS      | $2850161.00   | 0.53%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Snowpoint Growth 2.2, LLC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1536162 | NS      | $1520382.00   | 0.28%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Snowpoint Growth I.VI, LLC                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   3080390 | NS      | $3049107.00   | 0.56%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Snowpoint Growth 2.3, LLC                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1030000 | NS      | $1030000.00   | 0.19%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Snowpoint Ventures II - S&T, LP                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1500000 | NS      | $1414051.00   | 0.26%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | SQ Capital Fund I-A, LP                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    500000 | NS      | $500000.00    | 0.09%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | SQ Capital Fund I Holdings A, L.P.                                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   7305011 | NS      | $7305010.69   | 1.35%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Sterling Investment Partners XK Opportunities Fund-A, L.P.                          | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2636103 | NS      | $2636103.00   | 0.49%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Blackstone Strategic Capital Holdings (Cayman), LP                                  | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   8510913 | NS      | $8349927.00   | 1.54%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Stonepeak Cologix Holdings, LP                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1644179 | NS      | $2180289.00   | 0.40%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Sycamore Partners III, LP                                                           | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  10849269 | NS      | $10844268.92  | 2.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Tacora Capital II, LP                                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4151488 | NS      | $4178168.14   | 0.77%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Tamarack Global Opportunities II, LP                                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   4125000 | NS      | $11320469.00  | 2.09%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Tamarack Global Impulse Space II, LP                                                | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1500000 | NS      | $3791331.00   | 0.70%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | TowerBrook Structured Opportunities Fund III, LP                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2573972 | NS      | $2661474.00   | 0.49%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Trivest Growth Investment Fund III-A, LP                                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    382198 | NS      | $350058.00    | 0.06%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Upfront VIII, LP                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    361236 | NS      | $294636.00    | 0.05%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Velocity Made Food, LP                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   5062688 | NS      | $5027402.00   | 0.93%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | The Veritas Capital Fund IX, L.P.                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |    260235 | NS      | $30158.00     | 0.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Vista Equity Partners Fund VIII-A, LP                                               | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2781317 | NS      | $3408677.00   | 0.63%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Westwood Energy Secondaries Fund II, LP                                             | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   6150000 | NS      | $6150000.00   | 1.14%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | WH Strategic Opportunities Fund IV LP, Class B                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2058824 | NS      | $2058823.53   | 0.38%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | WH Strategic Opportunities Fund XI LP, Class A                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2512500 | NS      | $2512500.00   | 0.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Wonder Group, Inc. Series C Preferred Stock                                         | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   6499996 | NS      | $6499995.94   | 1.20%             |  |  |  | Yes           | 3                  | On Loan: No      |
| N/A                      | ACP Woodlands Feeder, LP                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |  12790316 | NS      | $12790316.00  | 2.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | X-Energy Reactor Company, LLC, Series D Preferred Units                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    309567 | NS      | $4499989.74   | 0.83%             |  |  |  | No            | 3                  | On Loan: No      |
| N/A                      | XPV Fund 1, LP                                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   1300000 | NS      | $1300000.00   | 0.24%             |  |  |  | Yes           | N/A                | On Loan: No      |
| N/A                      | Yellowstone Midco Holdings II, LLC, Class P Units                                   | CUSIP: N/A<br>LEI: N/A                        | Long             |  | PF                | US        |   2500000 | NS      | $2500000.00   | 0.46%             |  |  |  | Yes           | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2026-03-02

**Name of Applicant:** CAZ Strategic Opportunities Fund

**Signature:** Marcie McVeigh

**Name of Signer:** Marcie McVeigh

**Title:** Treasurer