# EDGAR Filing Document

**Accession Number:** 0001833936
**File Stem:** 0001193125-26-071309
**Filing Date:** 2026-2
**Character Count:** 11188
**Document Hash:** 9ecd5d4a9cdba75cd16955fda679bf79
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-071309.hdr.sgml**: 20260225

**ACCESSION NUMBER**: 0001193125-26-071309

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260225

**DATE AS OF CHANGE**: 20260225

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BlackRock Alpha Strategies Fund
- **CENTRAL INDEX KEY:** 0001833936

**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:** 811-23626
- **FILM NUMBER:** 26678105

**BUSINESS ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 800 882 0052

**MAIL ADDRESS:**
- **STREET 1:** 100 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BlackRock Hedge Fund Guided Portfolio Solution
- **DATE OF NAME CHANGE:** 20201125

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** BlackRock Alpha Strategies Fund

- **b. Investment Company Act file number:** 811-23626

- **c. CIK number of Registrant:** 0001833936

- **d. LEI of Registrant:** 549300OF4HWLLO1I9Y24

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

  - **Street Address 1:** 100 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 8008820052

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

- **a. Name of Series:** BlackRock Alpha Strategies Fund

- **c. LEI of Series:** 549300OF4HWLLO1I9Y24

**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:** $142647946.85

**Total Liabilities:** $22310203.57

**Net Assets:** $120337743.28

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 1.91%                | 0.12%                | 1.34%                |
| Class ID C000000001 | 1.84%                | 0.05%                | 1.27%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $150.00                  | $2597365.12                                |
| Month 2  | $1050114.00              | $-778648.99                                |
| Month 3  | $4688490.00              | $-2741804.57                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Yaupon CIS Ltd. QF1                                    | Yaupon CIS Ltd. QF1                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   4225292 | OU      | $5290114.36   | 4.40%             |  |  |  | Yes           | N/A                | On Loan: No      |
| XPF Ltd Class AG                                       | XPF Ltd Class AG                                       | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   4808689 | OU      | $5270038.38   | 4.38%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Voleon Composition International Fund, Ltd             | Voleon Composition International Fund, Ltd             | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   6430167 | OU      | $8981469.48   | 7.46%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Tow Seas Cayman Class Q F2 Opt in                      | Tow Seas Cayman Class Q F2 Opt in                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   3500000 | OU      | $4830168.06   | 4.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| TPG AG CRP CRED OPPS LTD CLSIQ                         | TPG AG CRP CRED OPPS LTD CLSIQ                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   4787186 | OU      | $5324988.15   | 4.43%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Toroa Feeder 1 Off Founder SRS                         | Toroa Feeder 1 Off Founder SRS                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   3518588 | OU      | $4472667.97   | 3.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Systematica Alternative Markets Fund Limited           | Systematica Alternative Markets Fund Limited           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   4724840 | OU      | $5116371.34   | 4.25%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Stratus Feeder, Ltd                                    | Stratus Feeder, Ltd                                    | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | VG        |   4169009 | OU      | $7808824.88   | 6.49%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Schonfeld Strategic Partners Offshore Fund Ltd.        | Schonfeld Strategic Partners Offshore Fund Ltd.        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   3903508 | OU      | $5398117.25   | 4.49%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Pentwater Event Fund, Ltd                              | Pentwater Event Fund, Ltd                              | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   5075570 | OU      | $9693673.00   | 8.06%             |  |  |  | Yes           | N/A                | On Loan: No      |
| One William Street Capital Offshore Fund, Ltd          | One William Street Capital Offshore Fund, Ltd          | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   3163535 | OU      | $5179026.28   | 4.30%             |  |  |  | Yes           | N/A                | On Loan: No      |
| MY Asian Opportunities Unit Trust                      | MY Asian Opportunities Unit Trust                      | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   3335425 | OU      | $5245055.91   | 4.36%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Maple Rock Offshore Class E                            | Maple Rock Offshore Class E                            | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   4000000 | OU      | $6536724.87   | 5.43%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Manticore Fund (Cayman), Ltd                           | Manticore Fund (Cayman), Ltd                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   2287683 | OU      | $5000523.04   | 4.16%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Kadensa Fund                                           | Kadensa Fund                                           | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   1041623 | OU      | $1269730.64   | 1.06%             |  |  |  | Yes           | N/A                | On Loan: No      |
| EGMG Ltd. Class A External - Hedge Fund                | EGMG Ltd. Class A External - Hedge Fund                | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   3561000 | OU      | $3568990.91   | 2.97%             |  |  |  | Yes           | N/A                | On Loan: No      |
| East One Commodity Fund Limited                        | East One Commodity Fund Limited                        | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   4590853 | OU      | $4874382.61   | 4.05%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Carronade Capital Offshore, LP                         | Carronade Capital Offshore, LP                         | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   5117940 | OU      | $6728344.24   | 5.59%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Atlas Enhanced Fund, Ltd                               | Atlas Enhanced Fund, Ltd                               | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   7396600 | OU      | $10078125.85  | 8.37%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Aegeri Capital Offshore Fund Class                     | Aegeri Capital Offshore Fund Class                     | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   4000000 | OU      | $3976619.72   | 3.30%             |  |  |  | Yes           | N/A                | On Loan: No      |
| 1798 Adapt Fund Ltd.                                   | 1798 Adapt Fund Ltd.                                   | CUSIP: 999999999<br>LEI: N/A                  | Long             |  | PF                | KY        |   3386631 | OU      | $3639465.75   | 3.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| BLACKROCK LIQUIDITY FUNDS - BLACKROCK LIQUIDITY T-FUND | BLACKROCK LIQUIDITY FUNDS - BLACKROCK LIQUIDITY T-FUND | CUSIP: 09248U718<br>LEI: 5493002L9DNZ83RX7V61 | Long             | STIV             | RF                | US        |   9913385 | OU      | $9913384.55   | 8.24%             |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2026-02-23

**Name of Applicant:** BlackRock Alpha Strategies Fund

**Signature:** Chuck Pulsfort

**Name of Signer:** Chuck Pulsfort

**Title:** Assistant Treasurer