0001752724-22-198567.txt : 20220829 0001752724-22-198567.hdr.sgml : 20220829 20220829092617 ACCESSION NUMBER: 0001752724-22-198567 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220630 FILED AS OF DATE: 20220829 DATE AS OF CHANGE: 20220829 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: 221207524 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 2022-06-30 N 38658723.21 117007.37 38541715.84 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 0.00 N N/A N/A Thames Absolute Return Offshore Fund Ltd. Class B2 - Series 1 N/A 1468.16010000 NS USD 2130652.34000000 5.528171991213 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 1939.17630000 NS USD 2726905.00000000 7.075203946083 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 2317512.55000000 6.012997863459 Long PF KY Y N/A N N N N/A N/A Whale Rock Flagship Fund Ltd Class A1 Series I000157582 N/A 457.38150000 NS USD 1671508.74000000 4.336882008416 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 622.96000000 NS USD 1036677.02000000 2.689753160714 Long PF KY Y N/A N N N N/A N/A Fidelity Institutional Prime Obligations Fund Class IS N/A 3505250.29730000 PA USD 3504198.72000000 9.091963457328 Long STIV RF US N 1 N N N N/A N/A EVR Offshore Partner Fund, Ltd. Class B, Series 1121 N/A 1750.00000000 NS USD 1838111.00000000 4.769146780155 Long PF KY Y N/A N N N N/A N/A Hill City Capital Offshore Fund Ltd. Class A, Sub Series Common 14 N/A 1749.96640000 NS USD 1925963.00000000 4.997086813662 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 3881678.34000000 10.07136878937 Long PF KY Y N/A N N N N/A N/A Wolf Hill Offshore Fund, Ltd. Class A OS NR, Series030Jul2021 N/A 1300.00000000 NS USD 1256102.00000000 3.259071301377 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 17.03960000 NS USD 4578.60000000 0.011879595654 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 750.00000000 NS USD 451517.63000000 1.171503707500 Long PF KY Y N/A N N N N/A N/A Avoro Life Sciences Offshore Fund Ltd. Class A1-Lead Opt Out N/A 222.89360000 NS USD 3589916.00000000 9.314364764928 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 2266282.13000000 5.880075862237 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 1125.00000000 NS USD 617870.27000000 1.603120817363 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 1822.49760000 NS USD 1648422.46000000 4.276982547541 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 6.69060000 NS USD 2148.23000000 0.005573778834 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 5.06610000 NS USD 1626.65000000 0.004220491912 Long PF KY Y N/A N N N N/A N/A Hawk Ridge Partners Offshore Ltd. Class A Initial Series N/A 1397.45300000 NS USD 2445561.00000000 6.345231255796 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 938.12090000 NS USD 3201300.00000000 8.306065078393 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 1585.52410000 NS USD 2131451.47000000 5.530245406946 Long PF KY Y N/A N N N 2022-06-30 Cross Shore Discovery Fund Gregory Knoth Gregory Knoth SVP, Mutual Fund Controller XXXX NPORT-EX 2 crossshorenport.htm CROSS SHORE EX
Cross Shore Discovery Fund        
Schedule of Investments        
June 30, 2022                          
(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   10.1%    $   1,440,187    $      3,881,678   1/2/2015   Quarterly   9/30/2022  
                           
EVR Offshore Partners Fund, Ltd., Class B, Series 1121   4.8%         1,750,000            1,838,111   11/1/2021   Quarterly   9/30/2022 (3)(4)
                           
Hawk Ridge Partners Offshore, Ltd., Class A, Initial Series   6.3%         1,600,000            2,445,561   2/1/2018   Quarterly   9/30/2022  
                           
Hill City Capital Offshore Fund Ltd., Class A, Series 14   5.0%         1,750,000            1,925,963   11/1/2021   Quarterly   9/30/2022 (4)(7)
                           
Rip Road Offshore Fund Ltd., Class E-1A, Series I00015782   1.1%            750,000               411,913   8/1/2020   Quarterly   9/30/2022 (4)
                           
Rivulet Capital Offshore Fund, Ltd., Class A, Series 1   1.3%            366,993               518,338   6/1/2015   Quarterly   9/30/2022 (4)
                           
Stony Point Capital Partners Offshore Ltd., Founders Class, Series 2020-08   0.8%            500,000               301,012   8/1/2020   Quarterly   9/30/2022 (4)
                           
TCIM Offshore Fund Ltd., Class A-33, Series 2019-12   6.0%         1,756,890            2,317,513   12/1/2019   Monthly   7/31/2022  
                           
Thames Absolute Return Offshore Fund, Ltd., Class B-2, Series 1   5.5%         1,550,000            2,130,652   11/1/2017   Quarterly   9/30/2022  
                           
Wolf Hill Offshore Fund, Ltd., Class A-OS, Series 2021-07   3.3%         1,300,000            1,256,102   7/1/2021   Quarterly   9/30/2022  
                           
Total Long/Short Generalist   44.2%       12,764,070          17,026,843              
                           
Long/Short Sector:                          
Energy                          
Encompass Capital Fund Offshore Ltd., Class A, Series 1   8.3%         1,900,000            3,201,300   1/1/2020   Quarterly   9/30/2022  
                           
Financial Services                          
BHZ Consolidation Cayman Fund, LP, Class C   5.9%         1,950,000            2,266,282   5/1/2018   Quarterly   9/30/2022  
                           
Healthcare, Biotechnology                          
Avoro Life Sciences Offshore Fund Ltd., Class A-1   9.3%         1,200,000            3,589,916   5/1/2017   Quarterly   9/30/2022  
Biomedical Offshore Value Fund, Ltd., Class I, Series 200199-1   7.1%         2,100,000            2,726,905   1/1/2019   Quarterly   9/30/2022  
                           
Total Healthcare, Biotechnology    16.4%         3,300,000            6,316,821              
                           
Healthcare, Consumer                          
Armistice Capital Offshore Fund Ltd., Class A, Series 2019-04B   0.0% (5)            17,040                   4,579   4/1/2019   N/A   (6)  
Armistice Capital Offshore Fund Ltd., Class A, Series 2015-09B   0.0% (5)              4,503                   2,148   9/1/2015   N/A   (6)  
Armistice Capital Offshore Fund Ltd., Class A, Series 2013-08B   0.0% (5)              3,108                   1,627   1/2/2015   N/A   (6)  
     Total Armistice Capital Offshore Fund, Ltd.   0.0% (5)            24,651                   8,354              
                           
Technology, Media and Telecommunications                          
Atreides Foundation Fund, Ltd., Founders Class, Series F-2   5.5%         1,585,524            2,131,451   5/15/2019   Quarterly   9/30/2022 (4)
Center Lake Capital, Ltd., Class A, Initial Series   4.3%         1,850,000            1,648,422   5/1/2019   Semi-Annual   12/31/2022  
Total Technology, Media and Telecommunications   9.8%         3,435,524            3,779,873              
                           
Total Long/Short Sector   40.4%       10,610,175          15,572,630              
                           
Total Investments In Portfolio Funds   84.6%    $ 23,374,245    $    32,599,473              
                           
                           
    % of                      
Money Market Funds   Net Assets   Cost   Fair Value   Shares          
                           
Federated Hermes Institutional Prime Obligations Fund,                          
     Institutional Class, 1.44%(8)   9.1%    $   3,505,718    $      3,504,199   3,505,250          
                           
Total Investments   93.7%    $ 26,879,963    $    36,103,672              
                           
Other Assets in Excess of Liabilities   6.3%        $      2,438,044              
                           
Net Assets   100.0%        $    38,541,716              
                           
* Non-income producing security.                          
(1) There were no unfunded capital commitments as of June 30, 2022.        
(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 or hard lock-up), investor-level gates and/or Portfolio Fund-level gates. Redemption notice periods range from 30 to 120 days.   
(3) Subject to hard lock through March 31, 2023.        
(4) Subject to 25% investor level quarterly gate.        
(5) Amount is less than 0.05%.        
(6) Redemptions are not permitted until the underlying special investments are sold/liquidated.
(7) Subject to hard lock through December 31, 2022.        
(8) Rate disclosed is the seven day effective yield as of June 30, 2022.