# EDGAR Filing Document

**Accession Number:** 0001638600
**File Stem:** 0001145549-25-055250
**Filing Date:** 2025-8
**Character Count:** 29385
**Document Hash:** 4a6ac700e911a493b2604b9828ed50fc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-055250.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001145549-25-055250

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**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:** 251268851

**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

## Nport-Ex

---

| | | | | |
|:---|:---|:---|:---|:---|
| **USCA All Terrain Fund** | **USCA All Terrain Fund** | **USCA All Terrain Fund** | **USCA All Terrain Fund** | **USCA All Terrain Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** | **June 30, 2025** |
|  |  |  |  | **Redemption** |
|  |  |  | **Frequency of** | **Notification** |
|  | **Cost** | **Value** | **Redemptions <sup>b</sup>** | **Period (Days) <sup>b</sup>** |
| **INVESTMENTS IN PRIVATE INVESTMENT COMPANIES <sup>c</sup> - 95.09% <sup>a</sup>** |  |  |  |  |
| **Long Equity - Global - 8.98%** |  |  |  |  |
| WMQS Global Equity Active Extension Onshore Fund L.P. - Class F-2 *(Initially Acquired on 5/1/2018)*<sup>f</sup> | 56014 | 2486771 | Monthly | 30 |
| **Global Macro - 8.24%** |  |  |  |  |
| Mission Crest Macro Fund, L.P. - Series A *(Initally Acquired on 10/1/2022*) <sup>f</sup> | 2200000 | 2281326 | Monthly | 60 |
|  |  | 2281326 |  |  |
| **Long/Short Equity - 44.37%** |  |  |  |  |
| 4D Capital Partners, L.P. *(Initially Acquired on 2/1/2024)* <sup>f</sup> | 1550000 | 1831509 | Quarterly | 45 |
| Dayah Alpha Partners, LP Class F1 *(Initially Acquired on 1/1/2025)* <sup>e, f</sup> | 1500000 | 1465233 | Quarterly | 60 |
| Cooper Creek Partners LLC - Class B *(Initially Acquired on 3/1/2023)* <sup>f</sup> | 850000 | 1184440 | Monthly | 45 |
| Cooper Creek Partners LLC - Class D *(Initially Acquired on 3/1/2023)* <sup>f</sup> | 200000 | 179710 | Monthly | 45 |
| Greenlight Capital, L.P. - Gold Interests *(Initially Acquired on 3/1/2023)* <sup>e, f</sup> | 793341 | 1794635 | Quarterly | 45 |
| SIO Partners, L.P. *(Initially Acquired on 6/1/2020)* <sup>e, f</sup> | 623220 | 1468651 | Monthly | 60 |
| Spruce Point Research Activism Partners L.P. - Class I *(Initially Acquired on 5/1/2021)* <sup>f</sup> | 731381 | 1572648 | Monthly | 45 |
| Stanley Partners Fund, L.P. *(Initially Acquired on 7/1/2020)* <sup>f</sup> | 125000 | 1377916 | Monthly | 30 |
| Voss Value Fund, L.P. *(Initially Acquired on 4/1/2025)*<sup>f</sup> | 1400000 | 1411201 | Quarterly | 45 |
|  |  | 12285943 |  |  |
| **Managed Futures - 10.97%** |  |  |  |  |
| The Winton Fund (US) L.P. - Tranche A *(Initially Acquired on 8/1/2015)* <sup>f</sup> | 846000 | 1388880 | Monthly | 30 |
| Winton Trend Fund (US), L.P. *(Initially Acquired on 1/1/2019)* <sup>f</sup> | 725000 | 1259028 | Weekly | 2 |
| FX Strategy LLC (Initially Acquired on 4/1/2025)<sup>f</sup> | 500000 | 393062 | Daily | 1 |
|  |  | 3040970 |  |  |
| **Multi-Strategy - 22.53%** |  |  |  |  |
| North Rock Fund, L.P. - Series E *(Initially Acquired on 11/1/2021)* <sup>f</sup> | 1900000 | 3234658 | Monthly | 90 |
| Riverview Omni Fund L.P. - Series C *(Initially Acquired on 1/1/2023)* <sup>e, f</sup> | 2100000 | 3004519 | Quarterly | 60 |
|  |  | 6239177 |  |  |
| ***TOTAL INVESTMENTS IN PRIVATE INVESTMENT COMPANIES*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; ***(Cost $16,099,956)*** |  | 26334187 |  |  |
| **Total Investments (Cost $16,099,956) - 95.09% <sup>a</sup>** |  | **26334187** |  |  |
| Other Assets in Excess of Liabilities (4.91)% <sup>a</sup> |  | 1360211 |  |  |
| **TOTAL NET ASSETS - 100.00%<sup>a</sup>** |  | **27694398** |  |  |
| **Footnotes** |  |  |  |  |
| <sup>a</sup> Percentages are stated as a percent of net assets. | <sup>a</sup> Percentages are stated as a percent of net assets. | <sup>a</sup> Percentages are stated as a percent of net assets. |  |  |
| <sup>b</sup> Redemption frequency and redemption notice period reflect general redemption terms and exclude liquidity restrictions. Further, | <sup>b</sup> Redemption frequency and redemption notice period reflect general redemption terms and exclude liquidity restrictions. Further, | <sup>b</sup> Redemption frequency and redemption notice period reflect general redemption terms and exclude liquidity restrictions. Further, |  |  |
| the private investment company's advisor may place additional redemption restrictions without notice based on the aggregate | the private investment company's advisor may place additional redemption restrictions without notice based on the aggregate | the private investment company's advisor may place additional redemption restrictions without notice based on the aggregate |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;redemption requests received at a given time. |  |  |  |  |
| <sup>c</sup> There are no unfunded capital commitments for private investments. |  |  |  |  |
| <sup>d</sup> Rate reported is the 7-day current yield as of June 30, 2025. |  |  |  |  |
| <sup>e</sup> Investment has an investor level or fund level redemption gate that limits the investor from redeeming more than a specified percentage of its investment | <sup>e</sup> Investment has an investor level or fund level redemption gate that limits the investor from redeeming more than a specified percentage of its investment | <sup>e</sup> Investment has an investor level or fund level redemption gate that limits the investor from redeeming more than a specified percentage of its investment | <sup>e</sup> Investment has an investor level or fund level redemption gate that limits the investor from redeeming more than a specified percentage of its investment | <sup>e</sup> Investment has an investor level or fund level redemption gate that limits the investor from redeeming more than a specified percentage of its investment |
| in a specified period or the fund from redeeming more than a specified percentage of its net asset value in a specified period, respectively**.** | in a specified period or the fund from redeeming more than a specified percentage of its net asset value in a specified period, respectively**.** | in a specified period or the fund from redeeming more than a specified percentage of its net asset value in a specified period, respectively**.** | in a specified period or the fund from redeeming more than a specified percentage of its net asset value in a specified period, respectively**.** |  |
| <sup>f</sup> Securities exempt from registration under the Securities Act of 1933 (as defined below), and may be deemed to be "restricted securities". As of June 30, 2025, the | <sup>f</sup> Securities exempt from registration under the Securities Act of 1933 (as defined below), and may be deemed to be "restricted securities". As of June 30, 2025, the | <sup>f</sup> Securities exempt from registration under the Securities Act of 1933 (as defined below), and may be deemed to be "restricted securities". As of June 30, 2025, the | <sup>f</sup> Securities exempt from registration under the Securities Act of 1933 (as defined below), and may be deemed to be "restricted securities". As of June 30, 2025, the | <sup>f</sup> Securities exempt from registration under the Securities Act of 1933 (as defined below), and may be deemed to be "restricted securities". As of June 30, 2025, the |
| aggregate fair value of these securities is $26.3 million or 95.09% of the Fund's net assets. The initial acquisition dates have been included for such securities. | aggregate fair value of these securities is $26.3 million or 95.09% of the Fund's net assets. The initial acquisition dates have been included for such securities. | aggregate fair value of these securities is $26.3 million or 95.09% of the Fund's net assets. The initial acquisition dates have been included for such securities. | aggregate fair value of these securities is $26.3 million or 95.09% of the Fund's net assets. The initial acquisition dates have been included for such securities. | aggregate fair value of these securities is $26.3 million or 95.09% of the Fund's net assets. The initial acquisition dates have been included for such securities. |

---

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USCA All Terrain Fund

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#### Notes to Schedule of Investments

#### June 30, 2025 (Unaudited)

#### Investment Valuation
In computing NAV, portfolio securities of the Fund are valued at their current market values determined on the basis of market quotations, if available. Because market quotations are not typically readily available for the majority of the Fund's securities, including the Fund's investment in "private investment funds," they are valued at fair value as determined by the Fund's Advisor, in its capacity as Valuation Designee (the "Valuation Designee"). The Board has delegated the day-to-day responsibility for determining these fair values in accordance with the policies it has approved for each period end. Fair valuation involves subjective judgments, and it is possible that the fair value determined for a security may differ materially from the value that could be realized upon the sale of the security. There is no single standard for determining fair value of a security. Rather, in determining the fair value of a security for which there are no readily available market quotations, the Valuation Designee may consider several factors, including fundamental analytical data relating to the investment in the security, the nature and duration of any restriction on the disposition of the security, the cost of the security at the date of purchase, the liquidity of the market for the security, and the recommendation of an Underlying Fund Manager. The valuation of the Fund's investments in Underlying Funds is ordinarily determined based upon valuations provided by the Underlying Fund Managers. The Valuation Designee has implemented valuation policies and procedures to assess the reasonableness of valuations provided by the Underlying Fund Managers. The Valuation Designee may also enlist third-party consultants, such as an audit firm or financial officer of a security issuer, on an as-needed basis to assist in determining a security-specific fair value.

Non-dollar-denominated securities, if any, are valued as of the close of the New York Stock Exchange ("NYSE") at the closing price of such securities in their principal trading market, but may be valued at fair value if subsequent events occurring before the computation of NAV have materially affected the value of the securities. Trading may take place in foreign issues held by the Fund, if any, at times when the Fund is not open for business. As a result, the Fund's NAV may change at times when it is not possible to purchase or sell shares of the Fund. The Fund may use a third-party pricing service to assist it in determining the market value of securities in the Fund's portfolio. The Fund's NAV per share is calculated by dividing the value of the Fund's total assets (the value of the securities the Fund holds plus cash and other assets, including dividends and interest accrued but not yet received), less accrued expenses of the Fund, less the Fund's other liabilities by the total number of shares outstanding.

For purposes of determining the NAV of the Fund, readily marketable portfolio securities listed on a national securities exchange, except those listed on the NASDAQ Global Market<sup>®</sup>, NASDAQ Global Select Market<sup>®</sup> and the NASDAQ Capital Market<sup>®</sup> exchanges (collectively, "NASDAQ"), are valued at the last reported sale price on the exchange on which the security is principally traded. Securities traded on NASDAQ will be valued at the NASDAQ Official Closing Price. If, on a particular day, an exchange-traded or NASDAQ security does not trade, then the mean between the most recent quoted bid and asked prices will be used. If no bid or asked prices are quoted on such day or if market prices may be unreliable because of events occurring after the close of trading, then the security is valued by such method as the Valuation Designee shall determine in good faith to reflect its fair market value.

All equity securities that are not traded on a listed national exchange are valued at the last sale price in the over-the-counter market. If a non-exchange traded security does not trade on a particular day, then the mean between the last quoted closing bid and asked price will be used. In the event such market quotations are not readily available, then the security is valued by such method as the Valuation Designee shall determine in good faith to reflect its fair market value.

The valuation of the Fund's investments in Underlying Funds is ordinarily determined based upon valuations provided by the Underlying Fund Managers. The Valuation Designee values interests in the Underlying Funds at fair value, using the NAV or pro rata interest in the members' capital of the Underlying Funds as a practical expedient, as provided by the investment managers of such Underlying Funds. Certain securities in which the Underlying Funds invest may not have a readily ascertainable market price and will be valued by the Underlying Fund Managers at fair value in accordance with procedures adopted by the Underlying Funds. Valuations of Underlying Funds are gross of any redemption fees or penalties and net of management and incentive fees. In this regard, an Underlying Fund Manager may face a conflict of interest in valuing the securities, as their value will affect the Underlying Fund Manager's compensation. Although the Valuation Designee will review the valuation procedures used by all Underlying Fund Managers, the Valuation Designee will not be able to confirm the accuracy of valuations provided by the Underlying Fund Manager and valuations provided by the Underlying Fund Manager generally will be conclusive with respect to the Fund. In addition, the NAVs or other valuation information received by the Fund from an Underlying Fund and used in calculating the Fund's NAV may include estimates that may be subject to later adjustment or revision by the Underlying Fund Manager. Any such adjustment or revision will either increase or decrease the NAV of the Fund at the time that the Fund is provided with information regarding the adjustment. The Fund does not expect to restate its previous NAVs to reflect an adjustment or revision by an Underlying Fund. In the unlikely event that an Underlying Fund does not report a fiscal period end value to the Valuation Designee on a timely basis, the Fund would determine the fair value of the Underlying Fund based on the most recent value reported by the Underlying Fund, as well as any other relevant information available at the time the Fund values its portfolio.

------

USCA All Terrain Fund

------

#### Notes to Schedule of Investments

#### June 30, 2025 (Unaudited)

With respect to any portion of the Fund's assets that are invested in one or more open-end management investment companies registered under the 1940 Act, those companies' NAVs are calculated based on the NAV as published, and the prospectuses for those companies explain the circumstances under which those companies will use fair value pricing and the effects of using fair value pricing.

#### Fair Value of Financial Instruments
The Fund has adopted the authoritative fair valuation accounting standards of ASC 820, Fair Value Measurements and Disclosures, which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion in changes in valuation techniques and related inputs during the period. These inputs are summarized in the three broad levels listed below.

Level 1 - Quoted prices in active markets for identical securities.

Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3 - Valuations based primarily on inputs that are unobservable and significant.

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

In certain cases, the inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, an investment's level within the fair value hierarchy is based on the lowest level of input that is significant to the fair value measurement. The Valuation Designee's assessment of the significance of a particular input to the fair value measurement in its entirety requires judgment and considers factors specific to the investment. The following section describes the valuation techniques used by the Valuation Designee to measure different financial instruments at fair value and includes the level within the fair value hierarchy in which the financial instrument is categorized.

Investments whose values are based on quoted market prices in active markets are classified within Level 1. These investments generally include equity securities traded on a national securities exchange, registered investment companies, certain U.S. government securities and certain money market securities. The Valuation Designee does not adjust the quoted price for such instruments, even in situations where the Fund holds a large position, and a sale could reasonably be expected to impact the quoted price.

------

USCA All Terrain Fund

------

#### Notes to Schedule of Investments

#### June 30, 2025 (Unaudited)

#### <br>
Investments that trade in markets that are not considered to be active, but are valued based on quoted market prices, dealer quotations or alternative pricing sources supported by observable inputs, are classified within Level 2. These investments generally include certain U.S. government and sovereign obligations, most government agency securities, and investment grade corporate bonds.

Investments classified within Level 3 have significant unobservable inputs, as they trade infrequently or not at all. These investments generally include private equity investments and less liquid corporate debt securities. When observable prices are not available for these investments, the Valuation Designee uses one or more valuation techniques (e.g., the market approach or income approach) for which sufficient data is available. The selection of appropriate valuation techniques may be affected by the availability of relevant inputs as well as the relative reliability of inputs. In some cases, one valuation technique may provide the best indication of fair value while in other circumstances, multiple valuation techniques may be appropriate. The results of the application of the various techniques may not be equally representative of fair value, due to factors such as assumptions made in the valuation. In some situations, the Valuation Designee may determine it appropriate to evaluate and weigh the results, as appropriate, to develop a range of possible values, with the fair value based on the Valuation Designee's assessment of the most representative point within the range.

The following is a summary of the inputs used to value the Fund's investments as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| Fair Value Measurements at Reporting Date Using | Fair Value Measurements at Reporting Date Using | Fair Value Measurements at Reporting Date Using | Fair Value Measurements at Reporting Date Using | Fair Value Measurements at Reporting Date Using |
|  | Quoted Prices<br> in Active markets for<br> Identical Assets<br> (Level 1) |  |  |  |
|  | Quoted Prices<br> in Active markets for<br> Identical Assets<br> (Level 1) | Significant Other | Significant<br> Unobservable Inputs<br> (Level 3) |  |
|  | Quoted Prices<br> in Active markets for<br> Identical Assets<br> (Level 1) | Observable Inputs | Significant<br> Unobservable Inputs<br> (Level 3) |  |
| Description | Quoted Prices<br> in Active markets for<br> Identical Assets<br> (Level 1) | (Level 2) | Significant<br> Unobservable Inputs<br> (Level 3) | Total |
| Investments |  |  |  |  |
| Investments in Registered Investment Companies (a) | $- | $- | $- | $- |
| Investments in Private Investment Companies (b) | - | - | - | 26334187 |
| Short Term Investment | - | - | - | - |
|  | $- | $- | $- | $26334187 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(a) All other industry classifications are identified in the Schedule of Investments.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts
 presented in the table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statement of Assets and Liabilities.

## 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:** 2025-06-30

**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:** $28102667.29

**Total Liabilities:** $408269.03

**Net Assets:** $27694398.26

**Cash Not Reported:** $1752994.14

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.08%                | 0.15%                | 0.59%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $656364.24               | $-601119.20                                |
| Month 2  | $0.00                    | $77100.02                                  |
| Month 3  | $0.00                    | $198955.48                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Mission Crest Macro Fund, LP                        | Mission Crest Macro Fund, LP                        | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |   2200000 | NS      | $2281326.39   | 8.24%             |  |  |  | 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      | $1794635.02   | 6.48%             |  |  |  | Yes           | N/A                | On Loan: No      |
| FX Strategy LLC                                     | FX Strategy LLC                                     | CUSIP: N/A<br>LEI: N/A | Long             |  | PF                | US        |    500000 | NS      | $393061.96    | 1.42%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 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        |     56014 | NS      | $2486771.29   | 8.98%             |  |  |  | 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      | $1388880.21   | 5.02%             |  |  |  | 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      | $1411201.46   | 5.10%             |  |  |  | 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      | $1259027.96   | 4.55%             |  |  |  | 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      | $1377916.00   | 4.98%             |  |  |  | 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      | $1572647.58   | 5.68%             |  |  |  | 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      | $1468650.88   | 5.30%             |  |  |  | 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      | $3004519.00   | 10.85%            |  |  |  | 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        |   1900000 | NS      | $3234657.59   | 11.68%            |  |  |  | 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      | $1465232.75   | 5.29%             |  |  |  | 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      | $179709.73    | 0.65%             |  |  |  | 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      | $1184440.23   | 4.28%             |  |  |  | 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      | $1831508.88   | 6.61%             |  |  |  | Yes           | N/A                | On Loan: No      |

### Signature

**Date Signed:** 2025-08-28

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

**Signature:** /s/ Phil Pilibosian

**Name of Signer:** Phil Pilibosian

**Title:** President