# EDGAR Filing Document

**Accession Number:** 0001181848
**File Stem:** 0001145549-23-011462
**Filing Date:** 2023-2
**Character Count:** 46193
**Document Hash:** f91fee87af74db7b23e876ca82b8cefd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-011462.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001145549-23-011462

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SKYBRIDGE MULTI-ADVISER HEDGE FUND PORTFOLIOS LLC
- **CENTRAL INDEX KEY:** 0001181848
- **IRS NUMBER:** 820560025
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21190
- **FILM NUMBER:** 23674590

**BUSINESS ADDRESS:**
- **STREET 1:** SKYBRIDGE CAPITAL
- **STREET 2:** 527 MADISON AVENUE, 16TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10022
- **BUSINESS PHONE:** 212-485-3116

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

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CITIGROUP ALTERNATIVE INVESTMENTS MULTI ADV HEDGE FU POR LLC
- **DATE OF NAME CHANGE:** 20020821

## Nport-Ex

**SkyBridge Multi-Adviser Hedge Fund Portfolios LLC** 

**Consolidated Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First<br>Acquisition<br>Date** | **Cost** | **Fair Value** | **% of<br>Shareholders'<br>Capital** |
|  **Investments in Investment Funds - ‡** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Cryptocurrency and Digital Assets*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Bitwise Ethereum Fund, LLC - c,i | 08/01/2022 | $8000001 | $5524386 | 0.49% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; BlackRock Trust 91 - a,i | 09/30/2022 | 7500000 | 6287934 | 0.56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brevan Howard Digital Asset Multi-Strategy Fund, L.P. Class B - b,g | 04/01/2022 | 128304489 | 96279404 | 8.52 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Brevan Howard Digital Asset Multi-Strategy Fund, L.P. Class B - side pocket - f | 04/01/2022 | 21695511 | 18809821 | 1.66 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galaxy Institutional Ethereum Fund, LP Class B - c,i | 07/01/2021 | 28806000 | 14844291 | 1.31 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Galaxy Institutional Ethereum Fund, Ltd Class B - c,i | 07/01/2021 | 15800000 | 8109381 | 0.72 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multicoin Capital Offshore, SPC - b,h | 12/01/2021 | 34770284 | 4280626 | 0.38 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Multicoin Capital Offshore, SPC - side pocket - f | 12/01/2021 | 36729717 | 2068117 | 0.18 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; NYDIG Institutional Bitcoin Fund LP - a,i | 12/11/2020 | 142268331 | 89908987 | 7.95 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Polychain Global Ltd. - d,h | 01/01/2022 | 31162325 | 5021233 | 0.45 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Polychain Global Ltd. - side pocket - f | 01/01/2022 | 15837675 | 4882780 | 0.43 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pomp Bracket Digital Assets IV, LLC - f | 08/05/2021 | 10099989 | 10047810 | 0.89 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Cryptocurrency and Digital Assets |  | 480974322 | 266064770 | 23.54 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Directional Equity*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Armistice Capital Offshore Fund Ltd. - side pocket - f | 11/01/2020 | 26067 | 22392 | 0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coatue Offshore Fund Ltd Class M-6 - b | 01/01/2021 | 3261149 | 2547325 | 0.23 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Coatue Offshore Fund Ltd Liquidation Account - f | 01/01/2021 | 3968595 | 2738374 | 0.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Harvest Claro, LLC - f | 04/01/2021 | 18352305 | 3919424 | 0.35 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Redmile Capital Offshore Fund, Ltd. Class C - f | 11/01/2020 | 2546977 | 543878 | 0.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Soma Offshore Ltd - b,g | 04/01/2021 | 5872152 | 3376457 | 0.30 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Point Venture Offshore Fund I LP - e | 10/14/2021 | 7775160 | 7167445 | 0.63 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Whale Rock Flagship Fund Ltd - side pocket - f | 11/01/2020 | 6088332 | 2974409 | 0.26 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Directional Equity |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;47890737 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;23289704 | 2.06 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Event Driven*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axonic Credit Opportunities Fund L.P. - b | 08/01/2011 | 44010007 | 59820985 | 5.29 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Axonic Credit Opportunities Overseas Fund, Ltd. - b | 08/01/2011 | 46292270 | 58873994 | 5.21 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Marathon European Credit Opportunity Fund II LP - e | 02/01/2014 | 3078653 | 4193402 | 0.37 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Medalist Partners Harvest SPV Ltd - f,n | 04/01/2021 | 31440147 | 15890271 | 1.41 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seer Capital Partners Fund L.P. - f | 01/01/2012 | 4965465 | 6258939 | 0.55 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seer Capital Partners Offshore Fund II Ltd. - f | 01/01/2020 | 31989703 | 26479602 | 2.34 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Seer Capital Partners Offshore Fund Ltd. - f | 01/01/2016 | 5253879 | 6304598 | 0.56 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Third Point Offshore Fund, Ltd. - b | 09/01/2020 | 173022673 | 172226264 | 15.24 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Event Driven |  | 340052797 | 350048055 | 30.97 |

---

------

**SkyBridge Multi-Adviser Hedge Fund Portfolios LLC** 

**Consolidated Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First<br>Acquisition<br>Date** | **Cost** | **Fair Value** | **% of<br>Shareholders'<br>Capital** |
|  **Investments in Investment Funds - ‡ (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Relative Value*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Millennium International, Ltd. - b,g | 08/01/2015 | $35525349 | $55100039 | 4.87% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Point72 Capital International, Ltd. - b,g | 06/01/2020 | 156293318 | 208952834 | 18.49 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Relative Value |  | 191818667 | 264052873 | 23.36 |
|  **Total Investments in Investment Funds - \*** |  | $**1,060,736,523†** | $**903455402** | **79.93** |
|  **Investments in Securities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Antigua and Barbuda*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Private Equity - ‡*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; FTX Trading Ltd. - j,\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock (244,196 shares) | 10/21/2021 | $5777189 | $— | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B preferred stock (352,658 shares) | 08/02/2022 | 16346333 |  | 0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series B-1 preferred stock (61,049 shares) | 10/21/2021 | 2222794 |  | 0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series C preferred stock (265,710 shares) | 01/25/2022 | 12316137 |  | 0.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Canada*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Exchange Traded Fund (ETF)*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; CI Galaxy Ethereum ETF (1,573,140 shares) | 10/26/2021 | 21727807 | 8463493 | 0.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Cyprus*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Private Equity - ‡*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Genesis Digital Assets Limited - k,\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ordinary shares (8 shares) | 01/24/2022 | 24900962 | 2320745 | 0.20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A preferred shares (17 shares) | 08/01/2021 | 35416667 | 4931584 | 0.44 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***United States*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Private Equity - ‡*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Chime Financial, Inc. (Series F preferred) (373,534 shares) - l,\* | 11/24/2021 | 25799993 | 16009486 | 1.42 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Homebrew Ventures I, L.P. - l,m,\* | 07/01/2021 | 11987538 | 7344206 | 0.65 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Lightning Labs, Inc. - j,\* | 01/01/2022 | 2000000 | 1794462 | 0.16 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; MoonPay SPV LLC - l,\* | 02/01/2022 | 1000000 | 589613 | 0.05 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; New York Digital Investment Group LLC Class B2 (945 shares) - j,\* | 08/19/2021 | 22620000 | 5332306 | 0.47 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Nova Labs, Inc. |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common stock (187,014 shares) - j,\* | 04/15/2022 | 9724728 | 5672332 | 0.50 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payward, Inc. - j,\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A preferred stock (352,861 shares) | 12/01/2021 | 18090987 | 8503107 | 0.75 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series seed preferred stock (258,000 shares) | 11/01/2021 | 13287000 | 6245142 | 0.55 |

---

------

**SkyBridge Multi-Adviser Hedge Fund Portfolios LLC** 

**Consolidated Schedule of Investments (continued)** 

**December 31, 2022 (Unaudited)** 

------

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **First<br>Acquisition<br>Date** | **Cost** | **Fair Value** | **% of<br>Shareholders'<br>Capital** |
|  **Investments in Securities (continued)** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***United States (continued)*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ***Private Equity - ‡ (continued)***  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; West Realm Shires Inc. - j,\* |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Class A common stock (1,310,000 shares) | 11/10/2021 | $199945 | $— | 0.00% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A preferred stock (8,533,916 shares) | 01/25/2022 | 19499998 |  | 0.00 |
|  **Total Investments in Securities** |  | $**242,918,078†** | $**67206476** | **5.94%** |
|  **Other Assets, less Liabilities** |  |  | **159692267** | **14.13%** |
|  **Shareholders' Capital** |  |  | $**1130354145** | **100.00%** |

---

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

a Redemptions permitted daily.

b Redemptions permitted quarterly.

c Redemptions permitted weekly.

d Redemptions permitted semi-annually.

---

| | |
|:---|:---|
| e | Term vehicles with multi-year hard lock, subject to periodic distributions. The Company held $11,360,847 (1.26% of total Investments in Investment Funds) of term vehicles at December 31, 2022.  |

---

---

| | |
|:---|:---|
| f | Illiquid, redeemable only when underlying investment is realized or converted to liquid interest in Investment Fund. The Company held $100,940,415 (11.17% of total Investments in Investment Funds) of illiquid investments at December 31, 2022.  |

---

---

| | |
|:---|:---|
| g | As of December 31, 2022, subject to gated redemptions (these are investor-level percentage limitations on redemption).  |

---

h Subject to a current lock-up on liquidity provisions on a greater than quarterly basis.

i The Investment Fund is held by SkyBridge Multi-Adviser Hedge Fund Portfolios Sub-Fund I Ltd. (the "Sub-Fund"), a wholly-owned subsidiary of the Company. Investment Funds held by the Sub-Fund represent 13.80% of the total Investments in Investment Funds. 

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

k The industry for these securities is digital asset mining.

l The industry for these securities is financial technology.

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

n The investment is a restructuring of the Company's interest in Medalist Partners Harvest Fund, LP and Medalist Partners Harvest Fund Ltd, which were first acquired on 8/1/2016 and 7/1/2017, respectively.

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

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

† The cost and unrealized appreciation/(depreciation) of investments as of December 31, 2022, as computed
for federal tax purposes, were as follows:

---

| | |
|:---|:---|
|  Aggregate cost | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1377988624 |
|  Gross unrealized appreciation | $101957311 |
|  Gross unrealized depreciation | (509284057) |
|  Net unrealized depreciation | $(407326746) |

---

------

**SkyBridge Multi-Adviser Hedge Fund Portfolios LLC** 

**Notes to Schedule of Investments** 

**December 31, 2022 (Unaudited)** 

------

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

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

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

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

Level 3- Inputs that are unobservable.

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

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

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

The following is a summary of the Company's assets measured at fair value as of December 31, 2022, by Accounting Standards Codification ("ASC") 820 fair value hierarchy levels:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Level 1**<br> **Quoted Prices** | **Level 2**<br> **Significant<br>Observable Inputs** | **Level 3**<br> **Significant<br>Unobservable<br>Inputs** | **Investments**<br> **Measured at Net**<br> **Asset Value** | **Total Fair Value**<br> **at December 31,<br>2022** |
|  Investments in Investment Funds | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3919424 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;899535978 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;903455402 |
|  Investments in Securities |  |  |  |  |  |
| &nbsp;&nbsp; Exchange Traded Fund (ETF) | $8463493 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $— | $— | $8463493 |
| &nbsp;&nbsp; Private Equity | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $58742983 | $— | $58742983 |

---

------

**SkyBridge Multi-Adviser Hedge Fund Portfolios LLC** 

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

**December 31, 2022 (Unaudited)** 

------

The Company's investments in Investment Funds for which fair value is measured using NAV per share as a practical expedient, in the amount of $899,535,978 have not been categorized in the fair value hierarchy. This amount includes $124,674,979 held by SkyBridge Multi-Adviser Hedge Fund Portfolios Sub-Fund I Ltd. (the "Sub-Fund"), which was organized as an exempted Cayman Islands limited liability company on December 9, 2020 and is a wholly owned subsidiary of the Company. $3,919,424 of the total investments in Investment Funds previously not categorized in the fair value hierarchy transferred during the period to Level 3 as a result of a change in valuation methodology used to value the Company's investment in Harvest Claro, LLC. The Company also has investments in securities in the amount of $67,206,476.

The following table details purchases, sales and in-kind transfer of the investments in which significant unobservable inputs (Level 3) were used in determining value:

---

| | | | |
|:---|:---|:---|:---|
|  | **Fair Value Measurements Using Level 3 Inputs** | **Fair Value Measurements Using Level 3 Inputs** | **Fair Value Measurements Using Level 3 Inputs** |
|  | **Directional Equity** | **Private Equity** | **Total Investments** |
|  Purchases | $1037477 | $28723833 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$29761310 |

---

There was $(14,432,881) and $(162,447,288) unrealized depreciation on directional equity and private equity respectively, for the period ending December 31, 2022.

The following table summarizes the valuation methodology and significant unobservable inputs used to estimate the fair value of Level 3 investments as of December 31, 2022.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Type of Level 3 Investment** | **Fair Value as of**<br> **December 31, 2022** | **Valuation Technique** | **Unobservable**<br> **Input** | **Input**<br> **(weighted average)**  |
|  Investments in Investment Funds |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Directional Equity | $3919424 | Market comparable companies | Revenue Multiple | 3.8x-4.3x |
|  Investments in Securities |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Private Equity | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;58742983 | Market comparable companies | Revenue Multiple | 11.2x-14.1x |
|  |  | Market comparable companies | EBITDA Multiple | 2x-4x |

---

The following is a summary of the investment strategies, their liquidity and redemption notice periods and any restrictions on the liquidity provisions of the investments in Investment Funds held by the Company as of December 31, 2022 and measured at fair value using the NAV per share practical expedient. Investment Funds with no current redemption restrictions may be subject to future gates, lock-up provisions or other restrictions, in accordance with their offering documents which would be considered in fair value measurement and disclosure.

**Cryptocurrency and Digital Assets** Investment Managers may pursue a variety of investment strategies in managing digital assets of an Investment Fund, and the Company may invest in Investment Funds that provide access to a particular digital asset or assets without a discretionary investment strategy. The Company may also invest in Investment Funds whose Investment Managers have discretion to manage a diversified portfolio of digital assets. The Company and Investment

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**SkyBridge Multi-Adviser Hedge Fund Portfolios LLC** 

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

**December 31, 2022 (Unaudited)** 

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Funds may hold long and short positions in digital assets. The Company and Investment Funds may also invest in securities of companies related, in whole or in part, to digital assets or digital asset technologies (including digital asset miners, payment technologies, digital security, or crypto trading exchanges), or that otherwise have direct or indirect exposure to emerging technologies. The Company and Investment Funds may invest in derivative contracts on digital assets, including cryptocurrency swap agreements, for hedging purposes and non-hedging purposes. The Company may use its assets to offset the carbon footprint associated with the Company's exposure to Bitcoin and other digital assets. The Investment Funds within this strategy have daily to semi-annual liquidity, subject to a 1 to 120 day notice period. Investment Funds in this strategy, representing approximately 13 percent of the Investment Funds in this strategy are illiquid or side pocket investments with suspended redemptions. Approximately 36 percent of the Investment Funds in this strategy have gated redemptions. Approximately 3 percent of the Investment Funds in this strategy are subject to hard lock up provisions to be lifted after 24 months. The remaining approximately 48 percent of the Investment Funds in this strategy can be redeemed with no restrictions as of the measurement date.

**Directional Equity** funds take long and short stock positions. The manager may attempt to profit from both long and short stock positions independently, or profit from the relative outperformance of long positions against short positions. The stock picking and portfolio construction process is usually based on bottom-up fundamental stock analysis, but may also include top-down macro-based views, market trends and sentiment factors. Directional equity managers may specialize by region (e.g., global, U.S., Europe or Japan) or by sector. No assurance can be given that the managers will be able to correctly locate profitable trading opportunities, and such opportunities may be adversely affected by unforeseen events. In addition, short selling creates the risk of loss if the security that has been sold short appreciates in value. Generally, the Investment Funds within this strategy have quarterly liquidity, subject to a 45 to 60 day notice period. Investment Funds in this strategy, representing approximately 44 percent of the Investment Funds in this strategy are illiquid or side pocket investments with suspended redemptions. Approximately 14 percent of the Investment Funds in this strategy have gated redemptions, which are estimated to be lifted after 12 months. Approximately 31 percent of the Investment Funds in this strategy are term vehicles with multi-year hard locks subject to periodic distributions. The remaining approximately 11 percent of the Investment Funds in this strategy can be redeemed with no restrictions as of the measurement date.

**Relative Value** strategies seek to take advantage of specific pricing anomalies, while also seeking to maintain minimal exposure to systematic market risk. This may be achieved by purchasing one

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**SkyBridge Multi-Adviser Hedge Fund Portfolios LLC** 

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

**December 31, 2022 (Unaudited)** 

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security previously believed to be undervalued, while selling short another security perceived to be overvalued. Relative value arbitrage strategies include equity market neutral, statistical arbitrage, convertible arbitrage, and fixed income arbitrage. Some investment managers classified as multi-strategy relative value arbitrage use a combination of these substrategies. Generally, the Investment Funds within this strategy have quarterly liquidity, subject to a 45 to 90 day notice period. 100 percent of the Investment Funds in this strategy have gated redemptions, which are estimated to be lifted after 12 months.

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

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

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

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

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SkyBridge Multi-Adviser Hedge Fund Portfolios LLC

- **b. Investment Company Act file number:** 811-21190

- **c. CIK number of Registrant:** 0001181848

- **d. LEI of Registrant:** 549300XQFX97CITUR430

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

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

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10022

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

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

- **a. Name of Series:** SkyBridge Multi-Adviser Hedge Fund Portfolios LLC

- **c. LEI of Series:** 549300XQFX97CITUR430

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1182470171.54

**Total Liabilities:** $52116026.84

**Net Assets:** $1130354144.70

**Cash Not Reported:** $75607880.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C999999999 | 1.34%                | -8.21%               | -5.87%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $598634.34               | $20737277.47                               |
| Month 2  | $-930075.80              | $-108002205.40                             |
| Month 3  | $-50138350.51            | $-20579158.24                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Armistice Capital Offshore Fund Ltd                     | Armistice Capital Offshore Fund Ltd                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |     26067 | OU      | $22391.84     | 0.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| West Realm Shires Inc                                   | West Realm Shires Inc                                   | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | US        |  19699943 | OU      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Axonic Credit Opportunities Fund, LP                    | Axonic Credit Opportunities Fund, LP                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  44010008 | OU      | $59820985.57  | 5.29%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Axonic Credit Opportunities Overseas Fund, Ltd          | Axonic Credit Opportunities Overseas Fund, Ltd          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |  46292270 | OU      | $58873993.78  | 5.21%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Brevan Howard Digital Asset Multi-Strategy Fund Limited | Brevan Howard Digital Asset Multi-Strategy Fund Limited | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        | 150000000 | OU      | $115089224.86 | 10.18%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Coatue Offshore Fund, Ltd                               | Coatue Offshore Fund, Ltd                               | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   7229743 | OU      | $5285699.03   | 0.47%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Harvest Claro, LLC                                      | Harvest Claro, LLC                                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  18352305 | OU      | $3919424.00   | 0.35%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Marathon European Credit Opportunity Fund II, LP        | Marathon European Credit Opportunity Fund II, LP        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   3078653 | OU      | $4193401.93   | 0.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Medalist Partners Harvest SPV Ltd                       | Medalist Partners Harvest SPV Ltd                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |  31440147 | OU      | $15890271.09  | 1.41%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Payward, Inc (Kraken)                                   | Payward, Inc (Kraken)                                   | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | US        |  31377987 | OU      | $14748249.00  | 1.30%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Millennium International, Ltd                           | Millennium International, Ltd                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |  35525349 | OU      | $55100039.00  | 4.87%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Multicoin Capital Offshore, SPC                         | Multicoin Capital Offshore, SPC                         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |  71500000 | OU      | $6348742.58   | 0.56%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Point72 Capital International, Ltd                      | Point72 Capital International, Ltd                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        | 156293318 | OU      | $208952834.51 | 18.49%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Polychain Global Ltd                                    | Polychain Global Ltd                                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |  47000000 | OU      | $9904012.53   | 0.88%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Pomp Bracket Digital Assets IV, LLC                     | Pomp Bracket Digital Assets IV, LLC                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  10099989 | OU      | $10047809.81  | 0.89%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Homebrew Ventures I, L.P.                               | Homebrew Ventures I, L.P.                               | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | US        |  11987538 | OU      | $7344206.00   | 0.65%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Redmile Capital Offshore Fund, Ltd                      | Redmile Capital Offshore Fund, Ltd                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   2546976 | OU      | $543877.71    | 0.05%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Seer Capital Partners Offshore Fund II Ltd              | Seer Capital Partners Offshore Fund II Ltd              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |  31989703 | OU      | $26479601.88  | 2.34%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Seer Capital Partners Fund, LP                          | Seer Capital Partners Fund, LP                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   4965465 | OU      | $6258939.24   | 0.55%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Seer Capital Partners Offshore Fund, Ltd                | Seer Capital Partners Offshore Fund, Ltd                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   5253879 | OU      | $6304598.25   | 0.56%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Third Point Offshore Fund, Ltd                          | Third Point Offshore Fund, Ltd                          | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        | 173022673 | OU      | $172226264.51 | 15.24%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Third Point Venture Offshore Fund LP                    | Third Point Venture Offshore Fund LP                    | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   7775160 | OU      | $7167445.00   | 0.63%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Whale Rock Flagship Fund, Ltd                           | Whale Rock Flagship Fund, Ltd                           | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   6088331 | OU      | $2974408.71   | 0.26%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Bitwise Ethereum Fund, LLC                              | Bitwise Ethereum Fund, LLC                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   8000000 | OU      | $5524385.26   | 0.49%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BlackRock Trust 91                                      | BlackRock Trust 91                                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   7500000 | OU      | $6287934.17   | 0.56%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Galaxy Institutional Ethereum Fund Ltd                  | Galaxy Institutional Ethereum Fund Ltd                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |  15800000 | OU      | $8109381.25   | 0.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Galaxy Institutional Ethereum Fund, LP                  | Galaxy Institutional Ethereum Fund, LP                  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |  28806000 | OU      | $14844291.02  | 1.31%             |  |  |  | Yes           | N/A                | On Loan: No      |
| NYDIG Institutional Bitcoin Fund LP                     | NYDIG Institutional Bitcoin Fund LP                     | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        | 142268331 | OU      | $89908987.00  | 7.95%             |  |  |  | Yes           | N/A                | On Loan: No      |
| CI Galaxy Ethereum ETF                                  | CI Galaxy Ethereum ETF                                  | CUSIP: 12565N200<br>LEI: N/A | Long             |  |  | CA        |  21727807 | OU      | $8463493.20   | 0.75%             |  |  |  | Yes           | 1                  | On Loan: No      |
| Chime Financial, Inc                                    | Chime Financial, Inc                                    | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | US        |  25799993 | OU      | $16009486.00  | 1.42%             |  |  |  | Yes           | 3                  | On Loan: No      |
| FTX Trading Ltd. - Common                               | FTX Trading Ltd. - Common                               | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | AG        |   5777189 | OU      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| FTX Trading Ltd. - Prfd                                 | FTX Trading Ltd. - Prfd                                 | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | AG        |  30885264 | OU      | $0.00         | 0.00%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Genesis Digital Assets Limited                          | Genesis Digital Assets Limited                          | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | CY        |  60317629 | OU      | $7252329.00   | 0.64%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Lightning Labs, Inc                                     | Lightning Labs, Inc                                     | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | US        |   2000000 | OU      | $1794462.00   | 0.16%             |  |  |  | Yes           | 3                  | On Loan: No      |
| New York Digital Investment Group LLC                   | New York Digital Investment Group LLC                   | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | US        |  22620000 | OU      | $5332306.00   | 0.47%             |  |  |  | Yes           | 3                  | On Loan: No      |
| Nova Labs, Inc                                          | Nova Labs, Inc                                          | CUSIP: 999999999<br>LEI: N/A | Long             |  |  | US        |   9724728 | OU      | $5672332.00   | 0.50%             |  |  |  | Yes           | 3                  | On Loan: No      |
| SoMa Offshore Ltd                                       | SoMa Offshore Ltd                                       | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | KY        |   5872152 | OU      | $3376457.00   | 0.30%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MoonPay SPV LLC                                         | MoonPay SPV LLC                                         | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |   1000000 | OU      | $589613.00    | 0.05%             |  |  |  | Yes           | 3                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-27

**Name of Applicant:** SkyBridge Multi-Adviser Hedge Fund Portfolios LLC

**Signature:** Robert Phillips

**Name of Signer:** Robert Phillips

**Title:** Treasurer and Principal Financial Officer