0001752724-21-183118.txt : 20210824 0001752724-21-183118.hdr.sgml : 20210824 20210824154315 ACCESSION NUMBER: 0001752724-21-183118 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210630 FILED AS OF DATE: 20210824 PERIOD START: 20220331 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CROSS SHORE DISCOVERY FUND CENTRAL INDEX KEY: 0001609706 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22976 FILM NUMBER: 211201818 BUSINESS ADDRESS: STREET 1: ULTIMUS FUND SOLUTIONS, LLC STREET 2: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 513-587-3400 MAIL ADDRESS: STREET 1: ULTIMUS FUND SOLUTIONS, LLC STREET 2: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 FORMER COMPANY: FORMER CONFORMED NAME: Cross Shore Discovery Fund DATE OF NAME CHANGE: 20140602 NPORT-P 1 primary_doc.xml NPORT-P false 0001609706 XXXXXXXX Cross Shore Discovery Fund 811-22976 0001609706 549300FIOYAHZ5RDKV81 225 Pictoria Drive Suite 450 Cincinnati 45246 513-587-3400 Cross Shore Discovery Fund 549300FIOYAHZ5RDKV81 2022-03-31 2021-06-30 N 46869148.65 147212.53 46721936.12 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 1300000 N N/A N/A Thames Absolute Return Offshore Fund Ltd. Class B2 - Series 1 N/A 1468.16000000 NS USD 2540722.01000000 5.437963879481 Long PF KY Y N/A N N N N/A N/A Biomedical Offshore Value Fund, Ltd. Class I Series 200199-1 Unrestricted N/A 1939.17000000 NS USD 2733456.13000000 5.850477007158 Long PF KY Y N/A N N N N/A N/A BBCM Offshore Fund Ltd. Class A Shares 02-2019 N/A 591.58000000 NS USD 633451.19000000 1.355789683828 Long PF KY Y N/A N N N N/A N/A TCIM Offshore Fund Ltd. Class A-33-1219 N/A 1756.89000000 NS USD 2317546.61000000 4.960296602537 Long PF KY Y N/A N N N N/A N/A Whale Rock Flagship Fund Ltd Class A1 Series I000157582 N/A 457.38000000 NS USD 3147818.57000000 6.737346162015 Long PF KY Y N/A N N N N/A N/A Rivulet Capital Offshore Fund Ltd. Participating Sub-Class A Series One N/A 1245.92000000 NS USD 2319575.55000000 4.964639187987 Long PF KY Y N/A N N N N/A N/A Atika Offshore Fund Ltd. Class A Subclass 1 Series I000157582 N/A 1003.54000000 NS USD 4456446.17000000 9.538230946924 Long PF KY Y N/A N N N N/A N/A Armistice Capital Offshore Fund Ltd Class A Series 2019-04B N/A 17.03000000 NS USD 8730.55000000 0.018686190524 Long PF KY Y N/A N N N N/A N/A Stony Point Capital Partners Offshore Ltd. Founders Class - 1.5/20 Qadv N/A 1000.00000000 NS USD 1021970.19000000 2.187345548727 Long PF KY Y N/A N N N N/A N/A Fidelity Institutional Prime Obligations Fund Class IS N/A 603582.27000000 PA USD 603884.07000000 1.292506518670 Long STIV RF US N 1 N N N N/A N/A Avoro Life Sciences Offshore Fund Ltd. Class A1-Lead Opt Out N/A 222.89000000 NS USD 4070918.39000000 8.713077256782 Long PF KY Y N/A N N N N/A N/A BHZ Consolidation Cayman Fund, LP Class C N/A 4.00000000 NS USD 2189635.91000000 4.686526483783 Long PF KY Y N/A N N N N/A N/A Rip Road Offshore Fund Ltd. E Sub-Class 1A Series N/A 1500.00000000 NS USD 1717480.37000000 3.675961470408 Long PF KY Y N/A N N N N/A N/A Bishop Rock Opportunity Offshore Fund Ltd. Class 2(NR)-17 N/A 2668.56000000 NS USD 3049410.09000000 6.526720301504 Long PF KY Y N/A N N N N/A N/A Center Lake Capital Ltd. Class A 1.5/20 05-2019 N/A 1822.49000000 NS USD 2384615.56000000 5.103845769309 Long PF KY Y N/A N N N N/A N/A Light Street Xenon Ltd. Series A1 N I000157582 N/A 1090.32000000 NS USD 3029679.75000000 6.484491015566 Long PF KY Y N/A N N N N/A N/A BBCM Offshore Fund Ltd. Class A Shares 01-2020 N/A 500.00000000 NS USD 493417.90000000 1.056073315824 Long PF KY Y N/A N N N N/A N/A Armistice Capital Offshore Fund Ltd Class A2 Series 2015-09B N/A 6.69000000 NS USD 3944.11000000 0.008441666436 Long PF KY Y N/A N N N N/A N/A Armistice Capital Offshore Fund Ltd Class A2 Series 2013-08B N/A 5.06000000 NS USD 2986.50000000 0.006392072435 Long PF KY Y N/A N N N N/A N/A BBCM Offshore Fund Ltd. Class A Shares 07-2019 N/A 800.00000000 NS USD 802902.88000000 1.718470908264 Long PF KY Y N/A N N N N/A N/A Hawk Ridge Partners Offshore Ltd. Class A Initial Series N/A 1397.45000000 NS USD 2624426.52000000 5.617118505661 Long PF KY Y N/A N N N N/A N/A Encompass Capital Fund Offshore Ltd. Class A Sub-Class 2 - Series One N/A 938.12000000 NS USD 2101228.15000000 4.497305386924 Long PF KY Y N/A N N N N/A N/A Atreides Foundation Fund Ltd. Class Founders Sub-Class F-2 Series I000157582 N/A 1585.52000000 NS USD 3308985.56000000 7.082295458606 Long PF KY Y N/A N N N 2021-06-30 Cross Shore Discovery Fund Gregory Knoth Gregory Knoth SVP, Mutual Fund Controller XXXX NPORT-EX 2 crossshortnport.htm CROSS SHORE EX
Cross Shore Discovery Fund                        
Schedule of Investments                        
June 30, 2021                        
(Unaudited)                        
                        Next
                Initial       Available
    % of           Acquisition   Redemption   Redemption
Portfolio Funds*   Net Assets   Cost(1)   Fair Value   Date   Frequency(2)   Date
                         
Long/Short Generalist:                        
Atika Offshore Fund, Ltd., Class A, Series 1   9.5%    $   1,440,187    $      4,456,446   1/2/2015   Quarterly   9/30/2021
                         
BBCM Offshore Fund, Ltd., Class A, Series 2019-02   1.4%            591,586               633,451   2/1/2019   Quarterly   9/30/2021(3)
BBCM Offshore Fund, Ltd., Class A, Series 2019-07   1.7%            800,000               802,903   7/1/2019   Quarterly   9/30/2021(3)
BBCM Offshore Fund, Ltd., Class A, Series 2020-01   1.1%            500,000               493,418   1/1/2020   Quarterly   9/30/2021(3)
     Total BBCM Offshore Fund, Ltd.   4.2%         1,891,586            1,929,772            
                         
Bishop Rock Opportunity Offshore, Ltd., Class 2-NR, Series 17   6.5%         2,750,000            3,049,410   3/1/2019   Quarterly   9/30/2021
                         
Hawk Ridge Partners Offshore, Ltd., Class A, Initial Series   5.6%         1,600,000            2,624,426   2/1/2018   Quarterly   9/30/2021
                         
Rip Road Offshore Fund Ltd., Class E-1A, Series I00015782   3.7%         1,500,000            1,717,480   8/1/2020   Quarterly   9/30/2021(4)(5)
                         
Rivulet Capital Offshore Fund, Ltd., Class A, Series 1   5.0%         1,444,101            2,319,576   6/1/2015   Quarterly   9/30/2021(5)
                         
Stoney Point Capital Partners Offshore Ltd., Founders Class, Series 2020-08   2.2%         1,000,000            1,021,970   8/1/2020   Quarterly   9/30/2021(5)
                         
TCIM Offshore Fund, Ltd., Class A-33, Series 2019-12   5.0%         1,756,890            2,317,547   12/1/2019   Monthly   7/31/2021
                         
Thames Absolute Return Offshore Fund, Ltd., Class B-2, Series 1   5.4%         1,550,000            2,540,722   11/1/2017   Quarterly   9/30/2021
                         
Total Long/Short Generalist   47.1%       14,932,764          21,977,349            
                         
Long/Short Sector:                        
Energy                        
Encompass Capital Fund Offshore, Ltd., Class A, Series 1   4.5%         1,900,000            2,101,228   1/1/2020   Quarterly   9/30/2021
                         
Financial Services                        
BHZ Consolidation Cayman Fund, LP, Class C   3.5%         1,750,000            1,642,227   5/1/2018   Quarterly   9/30/2021
BHZ Consolidation Cayman Fund, LP, Class C   1.2%            200,000               547,409   1/1/2020   Quarterly   9/30/2021
Total BHZ Consolidation Cayman Fund, LP   4.7%         1,950,000            2,189,636            
                         
Healthcare, Biotechnology                        
Avoro Life Sciences Offshore Fund, Ltd., Class A-1   8.7%         1,200,000            4,070,918   5/1/2017   Quarterly   9/30/2021
Biomedical Offshore Value Fund, Ltd., Class I, Series 200199-1   5.8%         2,100,000            2,733,456   1/1/2019   Quarterly   9/30/2021
                         
Total Healthcare, Biotechnology    14.5%         3,300,000            6,804,374            
                         
Healthcare, Consumer                        
Armistice Capital Offshore Fund, Ltd., Class A, Series 2019-04B   0.0% (6)            17,040                   8,731   4/1/2019   N/A   (7)
Armistice Capital Offshore Fund, Ltd., Class A, Series 2015-09B   0.0% (6)              4,503                   3,944   9/1/2015   N/A   (7)
Armistice Capital Offshore Fund, Ltd., Class A, Series 2013-08B   0.0% (6)              3,108                   2,986   1/2/2015   N/A   (7)
     Total Armistice Capital Offshore Fund, Ltd.   0.0% (6)            24,651                 15,661            
                         
Technology, Media and Telecommunications                        
Atreides Foundation Fund, Ltd., Founders Class, Series F-2   7.1%         1,585,524            3,308,986   5/15/2019   Quarterly   9/30/2021(5)
Center Lake Capital, Ltd., Class A, Initial Series   5.1%         1,850,000            2,384,616   5/1/2019   Semi-Annual   12/31/2021
Light Street Xenon, Ltd., Class A1, Series N   6.5%         1,541,962            3,029,680   1/2/2015   Quarterly   9/30/2021
Whale Rock Flagship Fund, Ltd., Class A-1, Series I000157582   6.7%         1,241,653            3,147,819   4/1/2015   Quarterly   9/30/2021
Total Technology, Media and Telecommunications   25.4%         6,219,139          11,871,101            
                         
Total Long/Short Sector   49.1%       13,393,790          22,982,000            
                         
Total Investments In Portfolio Funds   96.2%    $ 28,326,554    $    44,959,349            
                         
                         
    % of                    
Money Market Funds   Net Assets   Cost   Fair Value   Shares        
                         
Federated Hermes Institutional Prime Obligations Fund,                        
     Institutional Class, 0.03%(8)   1.3%            603,841    $         603,884   603,582        
                         
Total Investments   97.5%    $ 28,930,395    $    45,563,233            
                         
Other Assets in Excess of Liabilities   2.5%        $      1,158,703            
                         
Net Assets   100.0%        $    46,721,936            
                         
* Non-income producing security.                        
(1) There were no unfunded capital commitments as of June 30, 2021.                        
(2) Certain redemptions may be subject to various restrictions and limitations such as redemption penalties on investments liquidated within a certain period subsequent to investment (e.g., a soft lock-up), investor-level gates and/or Portfolio Fund-level gates. Redemption notice periods range from 30 to 120 days. 
(3) Subject to 50% investor level quarterly gate.                        
(4) Subject to 4% soft lock during the first year of investment.                         
(5) Subject to 25% investor level quarterly gate.                        
(6) Amount is less than 0.05%.                        
(7) Redemptions are not permitted until the underlying special investments are sold/liquidated.                
(8) Rate disclosed is the seven day effective yield as of June 30, 2021.