# EDGAR Filing Document

**Accession Number:** 0001779306
**File Stem:** 0001410368-26-000050
**Filing Date:** 2026-1
**Character Count:** 51554
**Document Hash:** ed71cab27a79cbaece07ec8151cff2bd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-26-000050.hdr.sgml**: 20260105

**ACCESSION NUMBER**: 0001410368-26-000050

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260105

**DATE AS OF CHANGE**: 20260105

**PERIOD START**: 20260531

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALTSHARES TRUST
- **CENTRAL INDEX KEY:** 0001779306

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0531

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23475
- **FILM NUMBER:** 26505099

**BUSINESS ADDRESS:**
- **STREET 1:** C/O WATER ISLAND CAPITAL, LLC
- **STREET 2:** 104 FIFTH AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10011
- **BUSINESS PHONE:** 800-560-8210

**MAIL ADDRESS:**
- **STREET 1:** C/O WATER ISLAND CAPITAL, LLC
- **STREET 2:** 104 FIFTH AVENUE, 9TH FLOOR
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10011

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AltShares Trust
- **DATE OF NAME CHANGE:** 20191002

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** wicShares Trust
- **DATE OF NAME CHANGE:** 20190930

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AltShares Trust
- **DATE OF NAME CHANGE:** 20190926

## Series and Classes Contracts Data

### AltShares Event-Driven ETF (Series ID: S000072757)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000229260 | AltShares Event-Driven ETF | EVNT            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** AltShares Trust

- **b. Investment Company Act file number:** 811-23475

- **c. CIK number of Registrant:** 0001779306

- **d. LEI of Registrant:** 549300MJC5CESCLT8M40

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

  - **Street Address 1:** C/O WATER ISLAND CAPITAL, LLC

  - **City:** New York

  - **State:** NY

  - **Foreign country:** US

  - **Zip / Postal Code:** 10011

  - **Telephone number:** 800-560-8210

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

- **a. Name of Series:** AltShares Event-Driven ETF

- **b. EDGAR series identifier (if any):** S000072757

- **c. LEI of Series:** 549300W6I6KRV9NKQV40

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

- **a. Date of fiscal year-end:** 2026-05-31

- **b. Date as of which information is reported:** 2025-11-30

**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:** $9993369.28

**Total Liabilities:** $1035237.25

**Net Assets:** $8958132.03

**Cash Not Reported:** $1759.30

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000229260 | 0.17%                | 0.08%                | 1.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $37251.44                | $-8271.22                                  |
| Month 2  | $83982.09                | $-105337.05                                |
| Month 3  | $4634.31                 | $67833.17                                  |

**Designated Index Information**

- **Index Name:** Securities Portfolio VaR

- **Index Identifier:** Designated Reference Portfolio is the Fund`s Securities Portfolio

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CONTRA ABIOMED INC               | CONTRA ABIOMED INC                                                                                | CUSIP: 003CVR016<br>LEI: N/A                  | N/A              | DE               |  | US        |       200 | NS      | $320.00       | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Air Lease Corp                   | Air Lease Corp                                                                                    | CUSIP: 00912X302<br>LEI: 5493004NW4M4P8TMMK63 | Long             | EC               | CORP              | US        |      2300 | NS      | $147039.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA ALBIREO PHARMA            | CONTRA ALBIREO PHARMA                                                                             | CUSIP: 013CVR022<br>LEI: 549300835H8LC7O8VC29 | N/A              | DE               |  | US        |       415 | NS      | $1158.10      | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Astria Therapeutics Inc          | Astria Therapeutics Inc                                                                           | CUSIP: 04635X102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      9482 | NS      | $119947.30    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Aura Biosciences Inc             | Aura Biosciences Inc                                                                              | CUSIP: 05153U107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      3750 | NS      | $24750.00     | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Avidity Biosciences Inc          | Avidity Biosciences Inc                                                                           | CUSIP: 05370A108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2400 | NS      | $172080.00    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| BAUSCH + LOMB CORP               | Bausch + Lomb Corp                                                                                | CUSIP: 071705AA5<br>LEI: 549300NY6OZM39SO6475 | Long             | DBT              | CORP              | CA        |     54000 | PA      | $56295.00     | 0.63%             | 2028-10-01      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| Bayer AG                         | Bayer AG                                                                                          | CUSIP: 072730302<br>LEI: 549300J4U55H3WP1XT59 | Long             | EC               | CORP              | DE        |      6764 | NS      | $59557.02     | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| BioCryst Pharmaceuticals Inc     | BioCryst Pharmaceuticals Inc                                                                      | CUSIP: 09058V103<br>LEI: 549300Z0INP1Z5NP6J59 | Short            | EC               | CORP              | US        |     -3430 | NS      | $-24627.40    | -0.27%            |  |  |  | No            |                  1 | On Loan: No      |
| Boeing Co/The                    | Boeing Co/The                                                                                     | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |       600 | NS      | $113400.00    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| CSG Systems International Inc    | CSG Systems International Inc                                                                     | CUSIP: 126349109<br>LEI: 549300D7FJZUOHHXUA81 | Long             | EC               | CORP              | US        |      1352 | NS      | $106497.04    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Cadence Bank                     | Cadence Bank                                                                                      | CUSIP: 12740C103<br>LEI: Q7C315HKI8VX0SSKBS64 | Long             | EC               | CORP              | US        |      2272 | NS      | $90516.48     | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Caesars Entertainment Inc        | Caesars Entertainment Inc                                                                         | CUSIP: 12769G100<br>LEI: 549300FA4CTCW903Y781 | Short            | EC               | CORP              | US        |     -1500 | NS      | $-34905.00    | -0.39%            |  |  |  | No            |                  1 | On Loan: No      |
| CALPINE CORP                     | Calpine Corp                                                                                      | CUSIP: 131347CN4<br>LEI: 43R4VPJBXTU2O15HEF41 | Long             | DBT              | CORP              | US        |     57000 | PA      | $57159.89     | 0.64%             | 2028-03-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Chart Industries Inc             | Chart Industries Inc                                                                              | CUSIP: 16115Q308<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | EC               | CORP              | US        |      1600 | NS      | $326320.00    | 3.64%             |  |  |  | No            |                  1 | On Loan: No      |
| CHART INDUSTRIES INC             | Chart Industries Inc                                                                              | CUSIP: 16115QAF7<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |     48000 | PA      | $50013.07     | 0.56%             | 2030-01-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Cidara Therapeutics Inc          | Cidara Therapeutics Inc                                                                           | CUSIP: 171757206<br>LEI: 549300IHQ9Z7RI1X2D22 | Long             | EC               | CORP              | US        |       800 | NS      | $175904.00    | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Cineplex Inc                     | Cineplex Inc                                                                                      | CUSIP: 172454100<br>LEI: 549300WDU0AS30W35T75 | Long             | EC               | CORP              | CA        |     10266 | NS      | $91039.43     | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearside Biomedical Inc         | Clearside Biomedical Inc                                                                          | CUSIP: 185063203<br>LEI: 529900GQSUZO5HQ9DS29 | Long             | EC               | CORP              | US        |         2 | NS      | $0.63         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Comerica Inc                     | Comerica Inc                                                                                      | CUSIP: 200340107<br>LEI: I9Q57JVPWHHZ3ZGBW498 | Long             | EC               | CORP              | US        |      1029 | NS      | $82711.02     | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Commerce Bancshares Inc/MO       | Commerce Bancshares Inc/MO                                                                        | CUSIP: 200525103<br>LEI: N/A                  | Short            | EC               | CORP              | US        |     -1428 | NS      | $-76983.48    | -0.86%            |  |  |  | No            |                  1 | On Loan: No      |
| COMMSCOPE LLC                    | CommScope LLC                                                                                     | CUSIP: 20338MAA0<br>LEI: 549300Z6K4JXMFE8QY54 | Long             | DBT              | CORP              | US        |    129000 | PA      | $130865.34    | 1.46%             | 2031-12-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CONTRA CONCERT PHARMAC           | CONTRA CONCERT PHARMAC                                                                            | CUSIP: 206CVR011<br>LEI: 529900PYI5BSGQNATP82 | N/A              | DE               |  | US        |      2000 | NS      | $959.80       | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Cross Country Healthcare Inc     | Cross Country Healthcare Inc                                                                      | CUSIP: 227483104<br>LEI: 54930037L0NBIPZ5S663 | Long             | EC               | CORP              | US        |      2304 | NS      | $23639.04     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| DANA INC                         | Dana Inc                                                                                          | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |     62000 | PA      | $62028.52     | 0.69%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Dick's Sporting Goods Inc        | Dick's Sporting Goods Inc                                                                         | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |      1000 | NS      | $206570.00    | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The               | Walt Disney Co/The                                                                                | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |       500 | NS      | $52235.00     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD EUR                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $2645.00      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $2473.19      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD EUR                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $216.04       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $223.58       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $172.86       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $340.51       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $20.70        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $223.83       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $322.23       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD EUR                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $434.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED CAD / SOLD USD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | CA        |         1 | NC      | $-28.74       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $50.90        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED CAD / SOLD USD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | CA        |         1 | NC      | $-14.73       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED EUR / SOLD USD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | XX        |         1 | NC      | $-2112.87     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $71.78        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-6.74        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-31.02       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $0.62         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED CAD / SOLD USD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | CA        |         1 | NC      | $-430.54      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $8.17         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED CAD / SOLD USD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | CA        |         1 | NC      | $1881.36      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-6.55        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-3.36        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-6.73        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED CAD / SOLD USD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | CA        |         1 | NC      | $11.22        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-12.83       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED CAD / SOLD USD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | CA        |         1 | NC      | $5.74         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-6.79        | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED CAD / SOLD USD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | CA        |         1 | NC      | $11.66        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. LLC         | PURCHASED USD / SOLD CAD                                                                          | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DFE              |  | US        |         1 | NC      | $-15.14       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ECHOSTAR CORP                    | EchoStar Corp                                                                                     | CUSIP: 278768AA4<br>LEI: 549300EE20907QZ9GT38 | Long             | DBT              | CORP              | US        |    206000 | PA      | $213939.24    | 2.39%             | 2030-11-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Electronic Arts Inc              | Electronic Arts Inc                                                                               | CUSIP: 285512109<br>LEI: 549300O7A67PUEYKDL45 | Long             | EC               | CORP              | US        |      1798 | NS      | $363249.94    | 4.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Exact Sciences Corp              | Exact Sciences Corp                                                                               | CUSIP: 30063P105<br>LEI: 549300VM3X1FYD4N9Z14 | Long             | EC               | CORP              | US        |      1661 | NS      | $168242.69    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp              | Fifth Third Bancorp                                                                               | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Short            | EC               | CORP              | US        |     -5831 | NS      | $-253415.26   | -2.83%            |  |  |  | No            |                  1 | On Loan: No      |
| FineMark Holdings Inc            | FineMark Holdings Inc                                                                             | CUSIP: 31788B108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2122 | NS      | $76816.40     | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Forge Global Holdings Inc        | Forge Global Holdings Inc                                                                         | CUSIP: 34629L202<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2000 | NS      | $88720.00     | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| FRONTIER COMMUNICATIONS          | Frontier Communications Holdings LLC                                                              | CUSIP: 35908MAD2<br>LEI: 549300ZCZ76HYCS0H445 | Long             | DBT              | CORP              | US        |    193000 | PA      | $201771.27    | 2.25%             | 2030-05-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| BOOST NEWCO BORROWER LLC         | Boost Newco Borrower LLC                                                                          | CUSIP: 36268NAA8<br>LEI: 254900S8RE1OL7TTCU64 | Long             | DBT              | CORP              | US        |     89000 | PA      | $94513.55     | 1.06%             | 2031-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Gladstone Capital Corp           | Gladstone Capital Corp                                                                            | CUSIP: 376535878<br>LEI: 549300AWMOT9JR1SIJ74 | Short            | EC               | CORP              | US        |      -490 | NS      | $-10402.70    | -0.12%            |  |  |  | No            |                  1 | On Loan: No      |
| GLADSTONE CAPITAL CORP           | Gladstone Capital Corp                                                                            | CUSIP: 376535AG5<br>LEI: 549300AWMOT9JR1SIJ74 | Long             | DBT              | CORP              | US        |     58000 | PA      | $56907.80     | 0.64%             | 2030-10-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Hillenbrand Inc                  | Hillenbrand Inc                                                                                   | CUSIP: 431571108<br>LEI: U246OE781574J2BUD366 | Long             | EC               | CORP              | US        |      4010 | NS      | $127678.40    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                      | Hologic Inc                                                                                       | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |      2933 | NS      | $219887.01    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Bancshares Inc/OH     | Huntington Bancshares Inc/OH                                                                      | CUSIP: 446150104<br>LEI: 549300XTVCVV9I7B5T19 | Short            | EC               | CORP              | US        |     -5621 | NS      | $-91622.30    | -1.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Integral Ad Science Holding Corp | Integral Ad Science Holding Corp                                                                  | CUSIP: 45828L108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      8563 | NS      | $88027.64     | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Jamf Holding Corp                | Jamf Holding Corp                                                                                 | CUSIP: 47074L105<br>LEI: 254900IHLXZU4Z5ANA12 | Long             | EC               | CORP              | US        |     10000 | NS      | $129300.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                       | Kenvue Inc                                                                                        | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |      2000 | NS      | $34700.00     | 0.39%             |  |  |  | No            |                  1 | On Loan: No      |
| LUMEN TECHNOLOGIES INC           | Lumen Technologies Inc                                                                            | CUSIP: 550241AB9<br>LEI: 8M3THTGWLTYZVE6BBY25 | Long             | DBT              | CORP              | US        |     84000 | PA      | $83055.00     | 0.93%             | 2029-04-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| McGrath RentCorp                 | McGrath RentCorp                                                                                  | CUSIP: 580589109<br>LEI: 254900EUH6IPWFQ83445 | Long             | EC               | CORP              | US        |       207 | NS      | $21337.56     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| CONTRA METSERA INC               | CONTRA METSERA INC                                                                                | CUSIP: 592CVR013<br>LEI: N/A                  | N/A              | DE               |  | US        |       203 | NS      | $998.39       | 0.01%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Norfolk Southern Corp            | Norfolk Southern Corp                                                                             | CUSIP: 655844108<br>LEI: 54930036C8MWP850MI84 | Long             | EC               | CORP              | US        |      1043 | NS      | $304649.87    | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| TXNM Energy Inc                  | TXNM Energy Inc                                                                                   | CUSIP: 69349H107<br>LEI: 5493003JOBJGLZSDDQ28 | Long             | EC               | CORP              | US        |      4010 | NS      | $234384.50    | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Palo Alto Networks Inc           | Palo Alto Networks Inc                                                                            | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Short            | EC               | CORP              | US        |     -1915 | NS      | $-364098.95   | -4.06%            |  |  |  | No            |                  1 | On Loan: No      |
| PAPA JOHN'S INTERNATIONA         | Papa John's International Inc                                                                     | CUSIP: 698813AA0<br>LEI: HZYLD3DK5XOX0WBVNB56 | Long             | DBT              | CORP              | US        |     42000 | PA      | $40322.13     | 0.45%             | 2029-09-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Paramount Group Inc              | Paramount Group Inc                                                                               | CUSIP: 69924R108<br>LEI: 5493006GJU1CFI7Z5J17 | Long             | EC               |  | US        |      9927 | NS      | $65418.93     | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Penn Entertainment Inc           | Penn Entertainment Inc                                                                            | CUSIP: 707569109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2000 | NS      | $29680.00     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Plymouth Industrial REIT Inc     | Plymouth Industrial REIT Inc                                                                      | CUSIP: 729640102<br>LEI: N/A                  | Long             | EC               |  | US        |      4073 | NS      | $89361.62     | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| ProAssurance Corp                | ProAssurance Corp                                                                                 | CUSIP: 74267C106<br>LEI: 54930015E5J57R675E89 | Long             | EC               | CORP              | US        |      7926 | NS      | $190858.08    | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| PROS Holdings Inc                | PROS Holdings Inc                                                                                 | CUSIP: 74346Y103<br>LEI: 549300LPE1KNL5RWKQ48 | Long             | EC               | CORP              | US        |      7727 | NS      | $179575.48    | 2.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Qorvo Inc                        | Qorvo Inc                                                                                         | CUSIP: 74736K101<br>LEI: 254900YAUJV2EUEVBR11 | Long             | EC               | CORP              | US        |      2000 | NS      | $171780.00    | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Rapid7 Inc                       | Rapid7 Inc                                                                                        | CUSIP: 753422104<br>LEI: 549300GNVG5D60KEYN14 | Short            | EC               | CORP              | US        |      -247 | NS      | $-3872.96     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| RAPID7 INC                       | Rapid7 Inc                                                                                        | CUSIP: 753422AH7<br>LEI: 549300GNVG5D60KEYN14 | Long             | DBT              | CORP              | US        |    108530 | PA      | $97221.17     | 1.09%             | 2029-03-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| State Street Global Advisors     | State Street Institutional U.S. Government Money Market Fund                                      | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    922466 | NS      | $922466.19    | 10.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Sealed Air Corp                  | Sealed Air Corp                                                                                   | CUSIP: 81211K100<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | EC               | CORP              | US        |      4195 | NS      | $180175.25    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Skyworks Solutions Inc           | Skyworks Solutions Inc                                                                            | CUSIP: 83088M102<br>LEI: 549300WZ3ORQ2BVKBD96 | Short            | EC               | CORP              | US        |     -1169 | NS      | $-77095.55    | -0.86%            |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA Inc                        | TEGNA Inc                                                                                         | CUSIP: 87901J105<br>LEI: 549300YC5EDBGX85AO10 | Short            | EC               | CORP              | US        |     -2450 | NS      | $-47824.00    | -0.53%            |  |  |  | No            |                  1 | On Loan: No      |
| TEGNA INC                        | TEGNA Inc                                                                                         | CUSIP: 87901JAH8<br>LEI: 549300YC5EDBGX85AO10 | Long             | DBT              | CORP              | US        |     88000 | PA      | $87186.86     | 0.97%             | 2029-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TreeHouse Foods Inc              | TreeHouse Foods Inc                                                                               | CUSIP: 89469A104<br>LEI: 5493007M7EVHE470Q576 | Long             | EC               | CORP              | US        |      1096 | NS      | $26183.44     | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Viking Therapeutics Inc          | Viking Therapeutics Inc                                                                           | CUSIP: 92686J106<br>LEI: 529900IVC72YPFA25M37 | Long             | EC               | CORP              | US        |      1000 | NS      | $36810.00     | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| MORGAN STANLEY PRIME BROKER US   | MORGAN STANLEY PRIME BROKER US                                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             |  | CORP              | US        |    974491 | NS      | $974491.45    | 10.88%            |  |  |  | No            |                  1 | On Loan: No      |
| Warner Bros Discovery Inc        | Warner Bros Discovery Inc                                                                         | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |      4500 | NS      | $108000.00    | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Morgan Stanley Institutional Liquidity Funds - Government Portfolio                               | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |    922466 | NS      | $922466.19    | 10.30%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Long: BAYRYMS   TRS USD R E BAYRYMS R E USD / Short: BAYRYMS   TRS USD P V 01MFEDL FEDL01M-40 BPS | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |     51817 | OU      | $13454.60     | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Long: MGRCMS    TRS USD R E MGRCMS R E USD / Short: MGRCMS    TRS USD P V 01MFEDL FEDL01M-40 BPS  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |     25917 | OU      | $-2517.43     | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Long: NBBKMSS   TRS USD R V 00MFEDL FEDL01 -40 BPS / Short: NBBKMSS   TRS USD P E NBBKMSS TRS P E | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |     24374 | OU      | $-1778.82     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Long: UNPMSS    TRS USD R V 00MFEDL FEDL01 -40 BPS / Short: UNPMSS    TRS USD P E UNPMSS TRS P E  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |    229432 | OU      | $-11439.39    | -0.13%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Long: CBSHMSS   TRS USD R V 00MFEDL FEDL01 -40 BPS / Short: CBSHMSS   TRS USD P E CBSHMSS TRS R E | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |    166044 | OU      | $19192.95     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Long: BCRXMSS   TRS USD R V 00MFEDL FEDL01 -40BPS / Short: BCRXMSS   TRS USD P E BCRXMSS TRS P E  | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |     15670 | OU      | $146.59       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Long: CZRMS     TRS USD R E CZRMS TRS R E / Short: CZRMS     TRS USD P V 00MFEDL FEDL01 -40BPS    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |     40200 | OU      | $6340.00      | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Long: TGNAMS    TRS USD R E TGNAMS TRS R E / Short: TGNAMS    TRS USD P V 00MFEDL FEDL01 -40BPS   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |    244892 | OU      | $-1867.50     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Long: FNBTMS    TRS USD R E FNBT TRS R E / Short: FNBTMS    TRS USD P V 00MFEDL FEDL01 -40BPS     | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |    138638 | OU      | $1745.10      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Long: CMAMS     TRS USD R E CMAMS TRS R E / Short: CMAMS     TRS USD P V 00MFEDL FEDL01 -40BPS    | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |    160344 | OU      | $8132.48      | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | Long: SWKSMSS   TRS USD R V 00MFEDL FEDL01 -40 BPS / Short: SWKSMSS   TRS USD P E SWKSMSS TRS P E | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |     52164 | OU      | $2636.01      | 0.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs & Co. LLC          | MERUS NV                                                                                          | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               |  | NL        |         9 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | HILLENBRAND INC                                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |        24 | NC      | $600.00       | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | HILLENBRAND INC                                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |         4 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | HILLENBRAND INC                                                                                   | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |         6 | NC      | $60.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs & Co. LLC          | HOLOGIC INC                                                                                       | CUSIP: 000000000<br>LEI: FOR8UP27PHTHYVLBNG30 | N/A              | DE               |  | US        |         5 | NC      | $125.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | AVIDITY BIOSCIENCES INC                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |        11 | NC      | $275.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | AVIDITY BIOSCIENCES INC                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |        13 | NC      | $325.00       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | DICK'S SPORTING GOODS INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |        -3 | NC      | $-75.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | DICK'S SPORTING GOODS INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |        -3 | NC      | $-9.00        | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | CIDARA THERAPEUTICS INC                                                                           | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |         1 | NC      | $20.00        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | WARNER BROS DISCOVERY INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |       -20 | NC      | $-3800.00     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | WARNER BROS DISCOVERY INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |       -20 | NC      | $-1360.00     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. LLC         | WARNER BROS DISCOVERY INC                                                                         | CUSIP: 000000000<br>LEI: 9R7GPTSO7KV3UQJZQ078 | N/A              | DE               |  | US        |        -5 | NC      | $-570.00      | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Aspen Insurance Holdings Ltd     | Aspen Insurance Holdings Ltd                                                                      | CUSIP: 000000000<br>LEI: 549300YX6HECG9XQCQ75 | Long             | EC               | CORP              | BM        |      8922 | NS      | $330560.10    | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Avadel Pharmaceuticals PLC       | Avadel Pharmaceuticals PLC                                                                        | CUSIP: 000000000<br>LEI: 549300E27PTSG2RHC762 | Long             | EC               | CORP              | IE        |      8630 | NS      | $185458.70    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| CyberArk Software Ltd            | CyberArk Software Ltd                                                                             | CUSIP: 000000000<br>LEI: 529900YEXNDM894PWS93 | Long             | EC               | CORP              | IL        |       875 | NS      | $401266.25    | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Merus NV                         | Merus NV                                                                                          | CUSIP: 000000000<br>LEI: 549300W8GPUWU8QNU293 | Long             | EC               | CORP              | NL        |      2000 | NS      | $192280.00    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-15

**Name of Applicant:** AltShares Trust

**Signature:** Jonathon Hickey

**Name of Signer:** Jonathon Hickey

**Title:** Chief Financial Officer