BOSTON PARTNERS LONG/SHORT RESEARCH FUND
|
||||||||
PORTFOLIO OF INVESTMENTS
|
||||||||
NOVEMBER 30, 2023 (Unaudited)
|
||||||||
NUMBER OF
SHARES
|
VALUE
|
|||||||
COMMON STOCKS — 98.4%
|
||||||||
Communication Services — 6.7%
|
||||||||
Alphabet, Inc. - Class A (a)
|
49,887
|
$
|
6,611,525
|
|||||
Cars.com, Inc. (a)
|
178,265
|
3,319,294
|
||||||
Deutsche Telekom AG
|
163,844
|
3,927,037
|
||||||
Informa PLC
|
345,973
|
3,253,312
|
||||||
Interpublic Group of Cos., Inc.
|
83,870
|
2,578,164
|
||||||
Live Nation Entertainment, Inc. (a)
|
35,670
|
3,004,127
|
||||||
Match Group, Inc. (a)
|
52,757
|
1,708,272
|
||||||
Nexstar Media Group, Inc. - Class A
|
27,804
|
3,946,222
|
||||||
Take-Two Interactive Software, Inc. (a)
|
31,774
|
5,026,647
|
||||||
TEGNA, Inc.
|
195,356
|
2,994,807
|
||||||
T-Mobile US, Inc.
|
31,650
|
4,761,743
|
||||||
Vivid Seats, Inc. - Class A (a)
|
177,911
|
1,471,324
|
||||||
Warner Bros Discovery, Inc. (a)
|
234,923
|
2,454,945
|
||||||
45,057,419
|
||||||||
Consumer Discretionary — 9.1%
|
||||||||
AutoZone, Inc. (a)(b)
|
1,111
|
2,899,632
|
||||||
Booking Holdings, Inc. (a)
|
1,933
|
6,041,977
|
||||||
Boyd Gaming Corp.
|
55,338
|
3,267,709
|
||||||
Capri Holdings Ltd. (a)
|
32,801
|
1,588,880
|
||||||
eBay, Inc.
|
51,978
|
2,131,618
|
||||||
Entain PLC
|
119,235
|
1,210,077
|
||||||
Flutter Entertainment PLC (a)
|
23,436
|
3,671,755
|
||||||
Frontdoor, Inc. (a)
|
118,521
|
4,068,826
|
||||||
Genting Singapore Ltd.
|
3,626,200
|
2,480,183
|
||||||
Lennar Corp. - Class A
|
10,963
|
1,402,387
|
||||||
LKQ Corp.
|
31,565
|
1,405,589
|
||||||
MGM Resorts International
|
99,557
|
3,926,528
|
||||||
Mohawk Industries, Inc. (a)
|
28,271
|
2,496,612
|
||||||
Ralph Lauren Corp. (b)
|
10,876
|
1,407,137
|
||||||
Restaurant Brands International, Inc. (b)
|
59,846
|
4,253,855
|
||||||
Ross Stores, Inc. (b)
|
41,628
|
5,427,459
|
||||||
Tempur Sealy International, Inc.
|
88,834
|
3,581,787
|
||||||
TJX Cos., Inc.
|
45,839
|
4,038,874
|
||||||
Wyndham Hotels & Resorts, Inc.
|
49,379
|
3,818,972
|
||||||
Wynn Macau Ltd. (a)
|
4,021,300
|
2,884,497
|
||||||
62,004,354
|
||||||||
Consumer Staples — 5.2%
|
||||||||
Albertsons Cos., Inc. - Class A
|
151,885
|
3,306,536
|
||||||
Coca-Cola Europacific Partners PLC
|
39,652
|
2,404,497
|
||||||
Constellation Brands, Inc., Class A
|
7,221
|
1,736,578
|
||||||
Dollar General Corp.
|
13,101
|
1,717,803
|
||||||
Hershey Co.
|
26,443
|
4,969,169
|
||||||
Keurig Dr Pepper, Inc.
|
124,412
|
3,927,687
|
||||||
Kroger Co. (b)
|
21,549
|
953,974
|
||||||
Nomad Foods Ltd. (a)
|
137,440
|
2,219,656
|
||||||
Philip Morris International, Inc.
|
53,438
|
4,988,972
|
||||||
US Foods Holding Corp. (a)
|
105,586
|
4,627,834
|
||||||
Walmart, Inc.
|
23,131
|
3,601,265
|
||||||
34,453,971
|
||||||||
Energy — 9.3%
|
||||||||
BP PLC, ADR
|
147,814
|
5,364,171
|
||||||
Canadian Natural Resources Ltd.
|
48,816
|
3,260,909
|
||||||
Cenovus Energy, Inc.
|
194,978
|
3,462,809
|
||||||
EQT Corp.
|
30,525
|
1,219,779
|
||||||
Equinor ASA, ADR
|
108,130
|
3,446,103
|
||||||
Halliburton Co.
|
43,930
|
1,626,728
|
||||||
Kosmos Energy Ltd. (a)
|
232,602
|
1,579,368
|
||||||
Marathon Petroleum Corp.
|
41,548
|
6,198,545
|
||||||
MEG Energy Corp. (a)
|
112,159
|
2,120,933
|
||||||
Noble Corp. PLC
|
92,323
|
4,259,783
|
||||||
Phillips 66
|
42,340
|
5,457,203
|
||||||
Range Resources Corp.
|
111,422
|
3,621,215
|
||||||
Schlumberger Ltd.
|
69,085
|
3,595,183
|
||||||
Shell PLC, ADR
|
61,575
|
4,051,635
|
||||||
Technip Energies NV
|
164,269
|
3,831,694
|
||||||
Thungela Resources Ltd.
|
185,302
|
1,419,014
|
||||||
Tidewater, Inc. (a)
|
45,703
|
2,745,836
|
||||||
Vermilion Energy, Inc.
|
195,564
|
2,469,973
|
||||||
Weatherford International PLC (a)
|
36,818
|
3,339,024
|
||||||
63,069,905
|
||||||||
Financials — 18.6%
|
||||||||
American Express Co.
|
16,457
|
2,810,362
|
||||||
Ameriprise Financial, Inc.
|
22,059
|
7,798,077
|
||||||
Aon PLC - Class A
|
12,185
|
4,002,651
|
||||||
Arthur J Gallagher & Co.
|
12,496
|
3,111,504
|
||||||
Bank of America Corp.
|
274,552
|
8,371,090
|
||||||
Bankinter SA
|
154,491
|
1,086,971
|
||||||
Berkshire Hathaway, Inc. - Class B (a)
|
8,291
|
2,984,760
|
||||||
Charles Schwab Corp.
|
26,508
|
1,625,471
|
||||||
Chubb Ltd.
|
16,915
|
3,880,808
|
||||||
Commerzbank AG
|
89,588
|
1,096,695
|
||||||
DBS Group Holdings Ltd.
|
51,200
|
1,216,240
|
||||||
Discover Financial Services
|
40,644
|
3,779,892
|
||||||
East West Bancorp, Inc.
|
56,121
|
3,531,133
|
||||||
Evercore, Inc. - Class A
|
13,291
|
1,961,087
|
||||||
Everest Group Ltd.
|
8,457
|
3,472,021
|
||||||
Fifth Third Bancorp
|
91,818
|
2,658,131
|
||||||
Fiserv, Inc. (a)
|
12,555
|
1,639,809
|
||||||
FleetCor Technologies, Inc. (a)
|
10,492
|
2,523,326
|
||||||
Global Payments, Inc.
|
18,773
|
2,185,928
|
||||||
Goldman Sachs Group, Inc.
|
4,115
|
1,405,437
|
||||||
Hana Financial Group, Inc.
|
48,295
|
1,553,967
|
||||||
Huntington Bancshares, Inc.
|
395,707
|
4,455,661
|
||||||
ING Groep NV
|
220,159
|
3,092,996
|
||||||
JPMorgan Chase & Co.
|
70,391
|
10,986,626
|
||||||
Mandatum Oyj (a)
|
38,318
|
163,958
|
||||||
Markel Group, Inc. (a)
|
1,313
|
1,889,525
|
||||||
Morgan Stanley
|
43,306
|
3,435,898
|
||||||
NatWest Group PLC
|
542,588
|
1,427,448
|
||||||
Nordea Bank Abp
|
303,469
|
3,392,605
|
||||||
Progressive Corp. (b)
|
23,066
|
3,783,516
|
||||||
Renaissance Holdings Ltd. (b)
|
20,999
|
4,501,346
|
||||||
Ryan Specialty Holdings, Inc. (a)
|
40,233
|
1,845,488
|
||||||
Sampo Oyj
|
38,318
|
1,675,760
|
||||||
SLM Corp.
|
81,575
|
1,226,072
|
||||||
Synchrony Financial
|
17,489
|
565,944
|
||||||
Travelers Cos., Inc.
|
11,300
|
2,041,006
|
||||||
UBS Group AG
|
67,776
|
1,914,672
|
||||||
United Overseas Bank Ltd.
|
120,500
|
2,459,318
|
||||||
W R Berkley Corp.
|
30,617
|
2,221,263
|
||||||
Wells Fargo & Co.
|
233,046
|
10,391,521
|
||||||
White Mountains Insurance Group Ltd.
|
1,180
|
1,807,666
|
||||||
125,973,649
|
||||||||
Health Care — 11.9%
|
||||||||
Abbott Laboratories
|
58,087
|
6,057,893
|
||||||
AbbVie, Inc.
|
44,666
|
6,359,992
|
||||||
Amgen, Inc.
|
20,305
|
5,475,040
|
||||||
AMN Healthcare Services, Inc. (a)
|
33,883
|
2,297,267
|
||||||
AstraZeneca PLC
|
11,720
|
1,508,440
|
||||||
Avantor, Inc. (a)
|
132,203
|
2,800,060
|
||||||
Boston Scientific Corp. (a)
|
32,034
|
1,790,380
|
||||||
Bristol-Myers Squibb Co.
|
98,571
|
4,867,436
|
||||||
Cencora, Inc.
|
9,591
|
1,950,522
|
||||||
Centene Corp. (a)
|
30,106
|
2,218,210
|
||||||
Cigna Group, (The)
|
12,380
|
3,254,454
|
||||||
CVS Health Corp.
|
23,821
|
1,618,637
|
||||||
Elevance Health, Inc.
|
8,352
|
4,004,700
|
||||||
Envista Holdings Corp. (a)
|
44,419
|
1,007,867
|
||||||
Fortrea Holdings, Inc. (a)
|
69,916
|
2,058,327
|
||||||
HCA Healthcare, Inc.
|
5,902
|
1,478,333
|
||||||
Henry Schein, Inc. (a)
|
13,056
|
871,227
|
||||||
Humana, Inc.
|
5,951
|
2,885,402
|
||||||
ICON PLC (a)
|
4,359
|
1,163,591
|
||||||
IQVIA Holdings, Inc. (a)
|
4,474
|
957,883
|
||||||
Johnson & Johnson
|
24,110
|
3,728,853
|
||||||
McKesson Corp.
|
2,821
|
1,327,450
|
||||||
Medtronic PLC
|
3,696
|
292,982
|
||||||
Merck & Co., Inc.
|
3,139
|
321,685
|
||||||
Molina Healthcare, Inc. (a)
|
2,334
|
853,217
|
||||||
Novo Nordisk AS
|
8,079
|
825,388
|
||||||
Pfizer, Inc.
|
11,788
|
359,180
|
||||||
R1 RCM, Inc. (a)
|
83,084
|
879,029
|
||||||
Sanofi SA
|
31,347
|
2,923,562
|
||||||
Stryker Corp.
|
3,104
|
919,808
|
||||||
Thermo Fisher Scientific, Inc.
|
1,537
|
761,983
|
||||||
UCB SA
|
8,256
|
610,609
|
||||||
UnitedHealth Group, Inc.
|
17,248
|
9,537,626
|
||||||
Zimmer Biomet Holdings, Inc.
|
21,445
|
2,494,268
|
||||||
80,461,301
|
||||||||
Industrials — 17.9%
|
||||||||
Acuity Brands, Inc.
|
9,236
|
1,655,645
|
||||||
Advanced Drainage Systems, Inc.
|
23,145
|
2,803,091
|
||||||
Airbus Group SE
|
25,069
|
3,725,557
|
||||||
Allegion PLC
|
29,027
|
3,079,473
|
||||||
Allison Transmission Holdings, Inc.
|
50,261
|
2,687,958
|
||||||
AMETEK, Inc.
|
24,186
|
3,754,393
|
||||||
ANDRITZ AG
|
34,873
|
1,892,017
|
||||||
Atkore, Inc. (a)
|
14,919
|
1,937,978
|
||||||
Beacon Roofing Supply, Inc. (a)
|
36,486
|
2,932,015
|
||||||
Boeing Co. (a)
|
14,719
|
3,409,362
|
||||||
Brink's Co.
|
35,704
|
2,817,046
|
||||||
Builders FirstSource, Inc. (a)
|
12,992
|
1,742,357
|
||||||
BWX Technologies, Inc.
|
35,065
|
2,736,122
|
||||||
Carlisle Cos., Inc.
|
4,727
|
1,325,498
|
||||||
Clean Harbors, Inc. (a)
|
19,927
|
3,221,399
|
||||||
Concentrix Corp.
|
25,248
|
2,373,060
|
||||||
Curtiss-Wright Corp.
|
14,156
|
3,027,968
|
||||||
Daimler Truck Holding AG
|
69,072
|
2,243,167
|
||||||
Dover Corp.
|
20,505
|
2,894,486
|
||||||
Eaton Corp. PLC
|
11,500
|
2,618,435
|
||||||
Eiffage SA
|
19,072
|
1,933,522
|
||||||
Ferguson PLC
|
14,832
|
2,541,315
|
||||||
Fortive Corp.
|
31,113
|
2,146,175
|
||||||
FTI Consulting, Inc. (a)
|
14,177
|
3,125,461
|
||||||
General Dynamics Corp.
|
13,464
|
3,325,204
|
||||||
Hexcel Corp.
|
22,449
|
1,555,940
|
||||||
Howmet Aerospace, Inc.
|
96,327
|
5,066,799
|
||||||
Huron Consulting Group, Inc. (a)
|
13,999
|
1,458,276
|
||||||
Jacobs Solutions, Inc.
|
25,916
|
3,295,997
|
||||||
Leidos Holdings, Inc.
|
27,139
|
2,912,557
|
||||||
Masco Corp.
|
43,556
|
2,637,316
|
||||||
nVent Electric PLC
|
54,634
|
2,909,261
|
||||||
Otis Worldwide Corp.
|
44,978
|
3,858,663
|
||||||
Parker-Hannifin Corp.
|
4,035
|
1,747,881
|
||||||
RTX Corp.
|
42,783
|
3,485,959
|
||||||
Ryanair Holdings PLC, ADR (a)
|
10,637
|
1,257,506
|
||||||
Science Applications International Corp.
|
40,430
|
4,746,886
|
||||||
Sensata Technologies Holding PLC
|
24,588
|
799,356
|
||||||
Siemens AG
|
16,259
|
2,731,215
|
||||||
SS&C Technologies Holdings, Inc.
|
56,463
|
3,176,608
|
||||||
Textron, Inc.
|
57,824
|
4,432,788
|
||||||
TriNet Group, Inc. (a)
|
18,469
|
2,141,111
|
||||||
Valmont Industries, Inc.
|
7,108
|
1,560,704
|
||||||
WESCO International, Inc.
|
16,800
|
2,618,280
|
||||||
Westinghouse Air Brake Technologies Corp.
|
25,070
|
2,922,159
|
||||||
121,263,966
|
||||||||
Information Technology — 11.4%
|
||||||||
Adeia, Inc.
|
251,178
|
2,308,326
|
||||||
Advanced Micro Devices, Inc. (a)
|
22,959
|
2,781,712
|
||||||
Applied Materials, Inc.
|
18,562
|
2,780,216
|
||||||
Arrow Electronics, Inc. (a)
|
12,596
|
1,493,382
|
||||||
Broadcom, Inc.
|
6,440
|
5,961,702
|
||||||
Capgemini SE
|
18,689
|
3,830,468
|
||||||
CDW Corp.
|
13,750
|
2,899,600
|
||||||
Celestica, Inc. (a)
|
105,109
|
2,833,739
|
||||||
Check Point Software Technologies Ltd. (a)
|
33,167
|
4,842,382
|
||||||
Cisco Systems, Inc.
|
104,168
|
5,039,648
|
||||||
Cognizant Technology Solutions Corp. - Class A
|
37,555
|
2,643,121
|
||||||
Dell Technologies, Inc. - Class C
|
68,627
|
5,206,730
|
||||||
Flex Ltd. (a)
|
216,606
|
5,512,622
|
||||||
Gen Digital, Inc.
|
123,919
|
2,736,132
|
||||||
Jabil, Inc.
|
19,896
|
2,294,407
|
||||||
Lam Research Corp.
|
4,344
|
3,109,956
|
||||||
Microchip Technology, Inc.
|
48,445
|
4,042,251
|
||||||
Micron Technology, Inc.
|
30,816
|
2,345,714
|
||||||
NetApp, Inc.
|
11,952
|
1,092,293
|
||||||
Nice Ltd., ADR (a)
|
11,308
|
2,145,693
|
||||||
NXP Semiconductors NV
|
10,714
|
2,186,513
|
||||||
Oracle Corp.
|
18,244
|
2,120,135
|
||||||
QUALCOMM, Inc.
|
15,379
|
1,984,660
|
||||||
Samsung Electronics Co. Ltd.
|
28,900
|
1,629,606
|
||||||
Teradyne, Inc.
|
15,263
|
1,407,706
|
||||||
Zebra Technologies Corp. - Class A (a)
|
6,818
|
1,615,730
|
||||||
76,844,444
|
||||||||
Materials — 2.4%
|
||||||||
Avery Dennison Corp.
|
5,964
|
1,159,998
|
||||||
Cemex SAB de CV, ADR (a)
|
597,392
|
4,127,978
|
||||||
CRH PLC
|
48,314
|
3,031,704
|
||||||
DuPont de Nemours, Inc.
|
22,743
|
1,627,034
|
||||||
FMC Corp.
|
53,696
|
2,881,328
|
||||||
Teck Resources Ltd. - Class B
|
83,806
|
3,155,296
|
||||||
15,983,338
|
||||||||
Real Estate — 2.0%
|
||||||||
Americold Realty Trust, Inc.
|
63,735
|
1,799,239
|
||||||
Equity LifeStyle Properties, Inc.
|
11,047
|
785,442
|
||||||
Essex Property Trust, Inc.
|
11,918
|
2,544,016
|
||||||
Host Hotels & Resorts, Inc.
|
46,288
|
808,651
|
||||||
Lamar Advertising Co. - Class A
|
41,538
|
4,207,385
|
||||||
Regency Centers Corp.
|
29,329
|
1,841,275
|
||||||
VICI Properties, Inc.
|
71,088
|
2,124,820
|
||||||
14,110,828
|
||||||||
Utilities — 3.9%
|
||||||||
AES Corp.
|
84,013
|
1,445,864
|
||||||
American Electric Power Co., Inc.
|
44,117
|
3,509,507
|
||||||
CenterPoint Energy, Inc.
|
113,712
|
3,214,638
|
||||||
FirstEnergy Corp.
|
84,532
|
3,122,612
|
||||||
NiSource, Inc.
|
146,852
|
3,765,286
|
||||||
OGE Energy Corp.
|
98,547
|
3,454,072
|
||||||
PPL Corp.
|
145,812
|
3,808,610
|
||||||
Southern Co.
|
49,096
|
3,484,834
|
||||||
25,805,423
|
||||||||
TOTAL COMMON STOCKS (COST $532,418,571)
|
665,028,598
|
CORPORATE BONDS — 0.1%
|
PRINCIPAL |
VALUE |
||||||
Andrada Mining Ltd., 12.00%, 7/20/2026
|
GBP700,000
|
773,251
|
||||||
TOTAL CORPORATE BONDS (COST $915,463)
|
773,251
|
NUMBER OF
SHARES
|
||||||||
WARRANTS — 0.0%
|
||||||||
Andrada Mining Ltd. (Expiration: July 17, 2025) (a)
|
1,400,000
|
8,325
|
||||||
TOTAL WARRANTS (COST $18,309)
|
8,325
|
|||||||
SHORT-TERM INVESTMENTS — 0.0%
|
||||||||
Money Market Deposit Accounts — 0.0%
|
||||||||
U.S. Bank Money Market Deposit Account, 5.20% (c)
|
155
|
155
|
||||||
TOTAL MONEY MARKET DEPOSIT ACCOUNTS (COST $155)
|
155
|
|||||||
Money Market Funds — 0.0%
|
||||||||
BlackRock Liquidity Funds Treasury Trust Fund Portfolio, 5.27% (c)
|
72,245
|
72,245
|
||||||
Federated Hermes U.S. Treasury Cash Reserves, 5.24% (c)
|
72,245
|
72,245
|
||||||
Fidelity Treasury Portfolio, 5.24% (c)
|
4,745
|
4,745
|
||||||
Goldman Sachs Financial Square Funds - Treasury Instruments Fund, 5.25% (c)
|
72,246
|
72,246
|
||||||
MSILF Treasury Securities Portfolio, 5.24% (c)
|
67,500
|
67,500
|
||||||
TOTAL MONEY MARKET FUNDS (COST $288,981)
|
288,981
|
|||||||
TOTAL SHORT-TERM INVESTMENTS (COST $289,135)
|
289,136
|
|||||||
TOTAL INVESTMENTS (COST $533,641,479) — 98.5%
|
$
|
666,099,310
|
Percentages are stated as a percent of net assets of $672,990,519.
|
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of Morgan Stanley Capital
International, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS is a service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC.”
|
ADR American Depositary Receipt
|
PLC Public Limited Company
|
REIT Real Estate Investment Trust
|
(a)
|
Non-income producing security.
|
(b)
|
Security segregated as collateral for options written.
|
(c) |
The rate shown is as of November 30, 2023. |
(d)
|
Security has been valued at fair market value using significant unobservable inputs as determined in good faith by the Adviser, as valuation designee, under the oversight of The RBB Fund, Inc.’s Board of
Directors.
As of November 30, 2023, these securities amounted to $781,576 or 0.1% of net assets.
|
BOSTON PARTNERS LONG/SHORT RESEARCH FUND
|
PORTFOLIO OF INVESTMENTS - SECURITIES SOLD SHORT
|
NOVEMBER 30, 2023 (Unaudited)
|
SHARES
|
VALUE
|
|||||
COMMON STOCKS - (26.4)%
|
||||||
Communication Services - (2.0)%
|
||||||
Clear Channel Outdoor Holdings, Inc.
|
(1,037,250)
|
$ |
(1,504,013)
|
|||
Dentsu Group, Inc.
|
(64,200)
|
(1,729,339)
|
||||
Fox Corp., Class A
|
(29,638)
|
(875,507)
|
||||
Liberty Global Ltd. - Class C
|
(89,858)
|
(1,513,209)
|
||||
Lions Gate Entertainment Corp. - Class A
|
(231,250)
|
(2,041,937)
|
||||
Madison Square Garden Entertainment Corp.
|
(16,658)
|
(504,404)
|
||||
Paramount Global - Class B
|
(108,990)
|
(1,566,186)
|
||||
Proximus SADP
|
(75,297)
|
(722,649)
|
||||
Roblox Corp. - Class A
|
(43,315)
|
(1,702,713)
|
||||
Rumble, Inc.
|
(164,163)
|
(727,242)
|
||||
Telia Co. AB
|
(178,652)
|
(423,809)
|
||||
(13,311,008)
|
||||||
Consumer Discretionary - (5.3)%
|
||||||
Accor SA
|
(39,506)
|
(1,373,598)
|
||||
Acushnet Holdings Corp.
|
(25,907)
|
(1,463,746)
|
||||
B&M European Value Retail SA
|
(131,788)
|
(956,288)
|
||||
Cheesecake Factory, Inc.
|
(21,324)
|
(668,507)
|
||||
Choice Hotels International, Inc.
|
(23,109)
|
(2,548,461)
|
||||
Dick's Sporting Goods, Inc.
|
(12,507)
|
(1,627,161)
|
||||
Five Below, Inc.
|
(7,209)
|
(1,358,608)
|
||||
Golden Entertainment, Inc.
|
(17,946)
|
(639,595)
|
||||
Hyatt Hotels Corp. - Class A
|
(12,567)
|
(1,442,189)
|
||||
KB Home
|
(46,774)
|
(2,436,925)
|
||||
Krispy Kreme, Inc.
|
(70,973)
|
(922,649)
|
||||
LGI Homes, Inc.
|
(20,991)
|
(2,478,407)
|
||||
Life Time Group Holdings, Inc.
|
(48,706)
|
(738,383)
|
||||
Marriott Vacations Worldwide Corp.
|
(9,608)
|
(700,423)
|
||||
NIKE, Inc. - Class B
|
(12,015)
|
(1,324,894)
|
||||
Nokian Renkaat Oyj
|
(369,085)
|
(3,001,857)
|
||||
Playa Hotels & Resorts NV
|
(151,390)
|
(1,142,995)
|
||||
Portillo's, Inc. - Class A
|
(27,785)
|
(431,779)
|
||||
QuantumScape Corp.
|
(438,770)
|
(2,781,802)
|
||||
Rakuten Group, Inc.
|
(346,300)
|
(1,368,542)
|
||||
Revolve Group, Inc.
|
(51,865)
|
(690,842)
|
||||
RH
|
(1,731)
|
(467,318)
|
||||
Sabre Corp.
|
(398,199)
|
(1,405,642)
|
||||
SJM Holdings Ltd.
|
(4,396,000)
|
(1,305,541)
|
||||
Soho House & Co., Inc.
|
(136,174)
|
(856,534)
|
||||
Tractor Supply Co.
|
(6,354)
|
(1,289,926)
|
||||
(35,422,612)
|
||||||
Consumer Staples - (2.1)%
|
||||||
Coca-Cola Bottlers Japan Holdings, Inc.
|
(160,800)
|
(2,204,884)
|
||||
Freshpet, Inc.
|
(34,515)
|
(2,448,839)
|
||||
Hormel Foods Corp.
|
(58,643)
|
(1,793,889)
|
||||
Kimberly-Clark Corp.
|
(20,477)
|
(2,533,619)
|
||||
McCormick & Co., Inc.
|
(25,039)
|
(1,623,278)
|
||||
Sprouts Farmers Market, Inc.
|
(21,395)
|
(921,697)
|
||||
Treasury Wine Estates Ltd.
|
(159,830)
|
(1,130,338)
|
||||
TreeHouse Foods, Inc.
|
(31,955)
|
(1,300,888)
|
||||
(13,957,432)
|
||||||
Energy - (0.2)%
|
||||||
Comstock Resources, Inc.
|
(73,556)
|
(725,998)
|
||||
Matador Resources Co.
|
(14,396)
|
(833,240)
|
||||
(1,559,238)
|
||||||
Financials - (3.0)%
|
||||||
AJ Bell PLC
|
(367,130)
|
(1,184,664)
|
||||
Aozora Bank Ltd.
|
(137,500)
|
(2,828,323)
|
||||
Ashmore Group PLC
|
(810,087)
|
(1,812,216)
|
||||
Avanza Bank Holding AB
|
(62,446)
|
(1,226,920)
|
||||
Brown & Brown, Inc.
|
(11,029)
|
(824,307)
|
||||
Cincinnati Financial Corp.
|
(12,694)
|
(1,304,816)
|
||||
Erie Indemnity Co. - Class A
|
(2,957)
|
(874,207)
|
||||
Hang Seng Bank Ltd.
|
(250,200)
|
(2,765,659)
|
||||
Moelis & Co. - Class A
|
(25,421)
|
(1,206,226)
|
||||
Selective Insurance Group, Inc.
|
(6,277)
|
(638,308)
|
||||
T Rowe Price Group, Inc.
|
(28,843)
|
(2,888,050)
|
||||
Texas Capital Bancshares, Inc.
|
(20,058)
|
(1,100,783)
|
||||
Trupanion, Inc.
|
(9,544)
|
(245,472)
|
||||
United Bankshares, Inc.
|
(41,338)
|
(1,368,701)
|
||||
(20,268,652)
|
||||||
Health Care - (2.1)%
|
||||||
Ambu AS - Class B
|
(24,850)
|
(338,158)
|
||||
Ascendis Pharma AS
|
(7,592)
|
(762,465)
|
||||
Cassava Sciences, Inc.
|
(14,675)
|
(305,680)
|
||||
Celldex Therapeutics, Inc.
|
(19,363)
|
(584,956)
|
||||
Corcept Therapeutics, Inc.
|
(39,792)
|
(1,013,502)
|
||||
Doximity, Inc. - Class A
|
(24,828)
|
(577,251)
|
||||
Guardant Health, Inc.
|
(23,593)
|
(593,836)
|
||||
Idorsia Ltd.
|
(41,421)
|
(90,460)
|
||||
Insulet Corp.
|
(7,101)
|
(1,342,728)
|
||||
Intra-Cellular Therapies, Inc.
|
(14,836)
|
(910,485)
|
||||
Karuna Therapeutics, Inc.
|
(3,416)
|
(653,173)
|
||||
Madrigal Pharmaceuticals, Inc.
|
(4,334)
|
(881,102)
|
||||
Moderna, Inc.
|
(3,327)
|
(258,508)
|
||||
MoonLake Immunotherapeutics
|
(7,473)
|
(328,139)
|
||||
Neogen Corp.
|
(42,068)
|
(713,894)
|
||||
Oxford Nanopore Technologies PLC
|
(133,540)
|
(326,386)
|
||||
Recursion Pharmaceuticals, Inc. - Class A
|
(121,327)
|
(831,090)
|
||||
Revance Therapeutics, Inc.
|
(53,712)
|
(363,630)
|
||||
Rhythm Pharmaceuticals, Inc.
|
(49,469)
|
(1,653,749)
|
||||
Tandem Diabetes Care, Inc.
|
(30,433)
|
(615,964)
|
||||
TG Therapeutics, Inc.
|
(42,162)
|
(540,095)
|
||||
(13,685,251)
|
||||||
Industrials - (5.0)%
|
||||||
American Woodmark Corp.
|
(11,723)
|
(848,745)
|
||||
Atlas Arteria Ltd.
|
(369,950)
|
(1,415,882)
|
||||
CH Robinson Worldwide, Inc.
|
(13,138)
|
(1,077,973)
|
||||
Exponent, Inc.
|
(19,165)
|
(1,474,938)
|
||||
Furukawa Electric Co. Ltd.
|
(146,800)
|
(2,362,379)
|
||||
Generac Holdings, Inc.
|
(16,260)
|
(1,903,558)
|
||||
Hayward Holdings, Inc.
|
(123,330)
|
(1,454,061)
|
||||
Husqvarna AB - Class B
|
(388,225)
|
(2,964,422)
|
||||
Kornit Digital Ltd.
|
(80,626)
|
(1,498,837)
|
||||
Kratos Defense & Security Solutions, Inc.
|
(47,345)
|
(901,922)
|
||||
Lyft, Inc. - Class A
|
(130,943)
|
(1,535,961)
|
||||
Montrose Environmental Group, Inc.
|
(50,466)
|
(1,578,072)
|
||||
Nidec Corp.
|
(43,500)
|
(1,649,447)
|
||||
NV5 Global, Inc.
|
(11,887)
|
(1,156,367)
|
||||
Oshkosh Corp.
|
(31,678)
|
(3,081,953)
|
||||
Proto Labs, Inc.
|
(75,120)
|
(2,719,344)
|
||||
Regal Rexnord Corp.
|
(22,973)
|
(2,752,165)
|
||||
Stanley Black & Decker, Inc.
|
(36,779)
|
(3,343,211)
|
||||
(33,719,237)
|
||||||
Information Technology - (2.5)%
|
||||||
Amdocs Ltd.
|
(10,494)
|
(879,082)
|
||||
Cognex Corp.
|
(73,622)
|
(2,775,549)
|
||||
Entegris, Inc.
|
(35,909)
|
(3,748,900)
|
||||
GCL Technology Holdings Ltd.
|
(10,247,000)
|
(1,363,127)
|
||||
Jamf Holding Corp.
|
(176,921)
|
(2,913,889)
|
||||
Palantir Technologies, Inc. - Class A
|
(256,535)
|
(5,143,527)
|
||||
(16,824,074)
|
||||||
Materials - (1.9)%
|
||||||
DSM-Firmenich AG
|
(20,983)
|
(1,982,749)
|
||||
Ganfeng Lithium Group Co. Ltd. - Class H
|
(341,600)
|
(1,092,614)
|
||||
Lynas Rare Earths Ltd.
|
(327,571)
|
(1,426,681)
|
||||
Mitsui Chemicals, Inc.
|
(48,500)
|
(1,423,843)
|
||||
MP Materials Corp.
|
(79,194)
|
(1,256,809)
|
||||
Shin-Etsu Chemical Co. Ltd.
|
(23,600)
|
(831,892)
|
||||
Siam Cement PCL
|
(94,100)
|
(767,997)
|
||||
Sumitomo Chemical Co. Ltd.
|
(485,800)
|
(1,240,530)
|
||||
Symrise AG
|
(18,259)
|
(2,055,249)
|
||||
Umicore SA
|
(36,779)
|
(982,857)
|
||||
(13,061,221)
|
||||||
Real Estate - (1.8)%
|
||||||
Camden Property Trust
|
(10,005)
|
(903,051)
|
||||
CBRE Group, Inc. - Class A
|
(24,591)
|
(1,941,705)
|
||||
Digital Realty Trust, Inc.
|
(6,311)
|
(875,841)
|
||||
Howard Hughes Holdings, Inc.
|
(12,786)
|
(939,899)
|
||||
Mid-America Apartment Communities, Inc.
|
(9,868)
|
(1,228,369)
|
||||
Nomura Real Estate Master Fund, Inc.
|
(969)
|
(1,109,885)
|
||||
Sagax AB - Class B
|
(60,854)
|
(1,380,556)
|
||||
Segro PLC
|
(153,988)
|
(1,583,496)
|
||||
SL Green Realty Corp.
|
(40,718)
|
(1,489,057)
|
||||
Unibail-Rodamco-Westfield
|
(13,531)
|
(862,153)
|
||||
(12,314,012)
|
||||||
Utilities - (0.5)%
|
||||||
Avangrid, Inc.
|
(99,708)
|
(3,077,986)
|
||||
TOTAL COMMON STOCKS (PROCEEDS $(194,588,377))
|
|
(177,200,723)
|
||||
RIGHTS – (0.0)%
|
||||||
Siam Cement PCL (a)
|
(12,054)
|
0
|
||||
TOTAL RIGHTS (PROCEEDS $(0))
|
0
|
|||||
TOTAL SECURITIES SOLD SHORT (PROCEEDS $(194,588,377))
|
$ |
(177,200,723)
|
(a)
|
Security has been valued at fair market value using significant unobservable inputs as determined in good faith by the Adviser, as valuation designee, under the oversight of The RBB Fund, Inc.’s Board of
Directors.
As of November 30, 2023, these securities amounted to $0 or 0.0% of net assets.
|
BOSTON PARTNERS LONG/SHORT RESEARCH FUND
|
SCHEDULE OF OPTIONS WRITTEN
|
NOVEMBER 30, 2023 (UNAUDITED)
|
NUMBER OF CONTRACTS
|
NOTIONAL AMOUNT
|
VALUE
|
|
||||
OPTIONS WRITTEN * - 0.0%*
|
|||||||
CALL OPTIONS WRITTEN - 0.0%
|
|||||||
AutoZone, Inc., Expires 12/15/2023 at $2,740.00
|
(5)
|
(1,304,965)
|
$ |
(7,750)
|
|||
Kroger Co., Expires 12/15/2023 at $47.00
|
(215)
|
(951,805)
|
(1,075)
|
||||
Progressive Corp., Expires 12/15/2023 at $155.00
|
(149)
|
(2,444,047)
|
(137,825)
|
||||
Ralph Lauren Corp., Expires 1/19/2024 at $130.00
|
(54)
|
(698,652)
|
(21,006)
|
||||
RenaissanceRe Holdings Ltd., Expires 12/15/2023 at $220.00
|
(88)
|
(1,886,368)
|
(21,120)
|
||||
Restaurant Brands International, Inc., Expires 12/15/2023 at $67.50
|
(119)
|
(845,852)
|
(46,410)
|
||||
Restaurant Brands International, Inc., Expires 12/15/2023 at $70.00
|
(89)
|
(632,612)
|
(16,243)
|
||||
Ross Stores, Inc., Expires 12/15/2023 at $130.00
|
(104)
|
(1,355,952)
|
(18,720)
|
||||
TOTAL CALL OPTIONS WRITTEN (PREMIUMS RECEIVED: $287,462)
|
(270,149)
|
||||||
PUT OPTIONS WRITTEN - 0.0%
|
|||||||
Floor & Decor Holdings, Inc., Expires 12/15/2023 at $75.00
|
(98)
|
(735,000)
|
(2,695)
|
||||
TOTAL PUT OPTIONS WRITTEN (PREMIUMS RECEIVED: $25,355)
|
(2,695)
|
||||||
TOTAL OPTIONS WRITTEN (PREMIUMS RECEIVED $312,817)
|
(272,844)
|
*
|
Primary risk exposure is equity contracts.
|
Contracts For Difference held by the Fund at November 30, 2023, are as follows:
|
||||||||||||||
REFERENCE
COMPANY
|
COUNTERPARTY
|
EXPIRATION DATE
|
FINANCING RATE
|
PAYMENT FREQUENCY
|
NUMBER OF CONTRACTS LONG/(SHORT)
|
NOTIONAL
AMOUNT
|
UNREALIZED
APPRECIATION
(DEPRECIATION)
|
|||||||
Short
|
||||||||||||||
Australia
|
||||||||||||||
Commonwealth Bank of Australia
|
Morgan Stanley
|
12/08/2025
|
4.32%
|
Termination
|
(50,944)
|
$ (3,522,990)
|
$ 59,917
|
|||||||
Brazil
|
||||||||||||||
Localiza Rent a Car SA
|
Bank of America
|
10/19/2026
|
0.00
|
Termination
|
(102,900)
|
(1,251,429)
|
(162,177)
|
|||||||
Vamos Locacao de Caminhoes Maquinas E Equipamentos SA
|
Bank of America
|
11/10/2026
|
0.00
|
Termination
|
(424,200)
|
(790,304)
|
7,315
|
|||||||
Vamos Locacao de Caminhoes Maquinas E Equipamentos SA
|
Morgan Stanley
|
11/16/2026
|
5.33
|
Termination
|
(259,100)
|
(482,715)
|
(19,545)
|
|||||||
(2,524,448)
|
(174,407)
|
|||||||||||||
China
|
||||||||||||||
Shaanxi Coal Industry Co., Ltd., Class A
|
Goldman Sachs
|
09/14/2026
|
5.33
|
Termination
|
(362,900)
|
(991,360)
|
(87,758)
|
|||||||
Shenzhen Dynanonic Co., Ltd., Class A
|
Morgan Stanley
|
10/20/2026
|
5.33
|
Termination
|
(72,800)
|
(659,507)
|
101,126
|
|||||||
Shenzhen Goodix Technology, Class A
|
Morgan Stanley
|
08/03/2026
|
5.33
|
Termination
|
(123,600)
|
(1,260,804)
|
(342,070)
|
|||||||
Tianqi Lithium Corp., Class A
|
Morgan Stanley
|
11/16/2026
|
5.33
|
Termination
|
(161,500)
|
(1,134,207)
|
75,204
|
|||||||
(4,045,878)
|
(253,498)
|
|||||||||||||
Germany
|
||||||||||||||
Deutsche Bank AG
|
Morgan Stanley
|
12/08/2025
|
3.99
|
Termination
|
(112,879)
|
(1,403,892)
|
(166,364)
|
|||||||
Deutsche Bank AG
|
Goldman Sachs
|
10/06/2026
|
3.90
|
Termination
|
(11,528)
|
(143,375)
|
(19,349)
|
|||||||
(1,547,267)
|
(185,713)
|
|||||||||||||
Japan
|
||||||||||||||
Nippon Shinyaku Co., Ltd.
|
Morgan Stanley
|
12/08/2025
|
-0.02
|
Termination
|
(12,500)
|
(449,464)
|
203,949
|
|||||||
South Korea
|
||||||||||||||
EcoPro BM Co., Ltd.
|
Morgan Stanley
|
10/20/2026
|
5.33
|
Termination
|
(8,612)
|
(1,829,003)
|
(258,140)
|
|||||||
EcoPro Co., Ltd.
|
Bank of America
|
10/23/2026
|
5.33
|
Termination
|
(2,274)
|
(1,318,414)
|
8,558
|
|||||||
EcoPro Co., Ltd.
|
Goldman Sachs
|
10/30/2026
|
5.33
|
Termination
|
(1,180)
|
(684,138)
|
(114,707)
|
|||||||
Kakaobank Corp.
|
Goldman Sachs
|
12/08/2025
|
5.33
|
Termination
|
(26,911)
|
(546,501)
|
23,925
|
|||||||
Kakaobank Corp.
|
Bank of America
|
10/12/2026
|
0.00
|
Termination
|
(2,748)
|
(55,806)
|
(9,703)
|
|||||||
Netmarble Corp.
|
Goldman Sachs
|
03/10/2026
|
5.33
|
Termination
|
(11,450)
|
(527,171)
|
(16,530)
|
|||||||
Netmarble Corp.
|
Morgan Stanley
|
03/16/2026
|
5.33
|
Termination
|
(26,581)
|
(1,223,820)
|
(107,283)
|
|||||||
Psoco Future M Co., Ltd.
|
Bank of America
|
10/23/2026
|
5.33
|
Termination
|
(8,781)
|
(2,208,607)
|
(284,332)
|
|||||||
(8,393,460)
|
(758,212)
|
|||||||||||||
Switzerland
|
||||||||||||||
Vat Group AG
|
Morgan Stanley
|
12/08/2025
|
1.70
|
Termination
|
(7,888)
|
(3,661,610)
|
(1,032,726)
|
|||||||
Taiwan
|
||||||||||||||
Acer, Inc.
|
Goldman Sachs
|
12/08/2025
|
5.33
|
Termination
|
(1,043,000)
|
(1,175,211)
|
(356,514)
|
|||||||
Compal Electronics
|
Goldman Sachs
|
12/08/2025
|
5.33
|
Termination
|
(995,000)
|
(984,171)
|
(270,142)
|
|||||||
Pan Jit International, Inc.
|
Goldman Sachs
|
12/08/2025
|
5.33
|
Termination
|
(1,067,000)
|
(2,414,754)
|
(196,361)
|
|||||||
SDI Corporation
|
Goldman Sachs
|
12/08/2025
|
5.33
|
Termination
|
(141,000)
|
(532,586)
|
(23,193)
|
|||||||
Taiwan Cement
|
Goldman Sachs
|
12/12/2025
|
5.33
|
Termination
|
(729,000)
|
(815,575)
|
(29,453)
|
|||||||
Taiwan Cement
|
Bank of America
|
10/20/2026
|
5.33
|
Termination
|
(538,000)
|
(601,892)
|
(62,035)
|
|||||||
(6,524,189)
|
(937,698)
|
|||||||||||||
United States
|
||||||||||||||
Bank of Hawaii Corp.
|
Goldman Sachs
|
03/02/2026
|
5.33
|
Termination
|
(13,994)
|
(812,632)
|
84,533
|
|||||||
Bank of Hawaii Corp.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(41,744)
|
(2,424,074)
|
816,095
|
|||||||
BlackLine, Inc.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(25,391)
|
(1,468,869)
|
115,783
|
|||||||
Ceridian HCM Holding, Inc.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(12,095)
|
(833,346)
|
(74,384)
|
|||||||
Commerce Bancshares, Inc.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(53,765)
|
(2,718,896)
|
925,833
|
|||||||
Commerce Bancshares, Inc.
|
Goldman Sachs
|
10/06/2026
|
5.33
|
Termination
|
(5,491)
|
(277,680)
|
(25,041)
|
|||||||
Community Bank System, Inc
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(59,128)
|
(2,622,918)
|
1,063,713
|
|||||||
Community Bank System, Inc
|
Goldman Sachs
|
10/06/2026
|
5.33
|
Termination
|
(6,038)
|
(267,846)
|
(14,686)
|
|||||||
Credit Acceptance Corp.
|
Goldman Sachs
|
03/02/2026
|
5.33
|
Termination
|
(1,225)
|
(559,825)
|
(22,316)
|
|||||||
Credit Acceptance Corp.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(3,653)
|
(1,669,421)
|
2,740
|
|||||||
Cullen/Frost Bankers, Inc.
|
Goldman Sachs
|
04/06/2026
|
5.33
|
Termination
|
(4,664)
|
(458,425)
|
17,097
|
|||||||
Cullen/Frost Bankers, Inc.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(10,428)
|
(1,024,968)
|
417,224
|
|||||||
CVB Financial Corp.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(26,525)
|
(474,267)
|
257,027
|
|||||||
CVB Financial Corp.
|
Goldman Sachs
|
10/06/2026
|
5.33
|
Termination
|
(2,709)
|
(48,437)
|
(6,496)
|
|||||||
Definitive Healthcare Corp.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(61,023)
|
(503,440)
|
207,478
|
|||||||
Figs, Inc., Class A
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(95,152)
|
(690,804)
|
32,352
|
|||||||
First Financial Bankshares, Inc.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(82,962)
|
(2,177,753)
|
772,376
|
|||||||
First Financial Bankshares, Inc.
|
Goldman Sachs
|
03/02/2026
|
5.33
|
Termination
|
(48,568)
|
(1,274,910)
|
246,815
|
|||||||
Floor & Decor Holdings, Inc., Class A
|
Goldman Sachs
|
04/13/2026
|
5.33
|
Termination
|
(2,711)
|
(248,626)
|
17,051
|
|||||||
Floor & Decor Holdings, Inc., Class A
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(21,940)
|
(2,012,117)
|
(431,560)
|
|||||||
Glacier Bancorp, Inc.
|
Goldman Sachs
|
03/02/2026
|
5.33
|
Termination
|
(40,747)
|
(1,370,322)
|
96,698
|
|||||||
Glacier Bancorp, Inc.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(61,131)
|
(2,055,836)
|
1,295,977
|
|||||||
Kinsale Capital Group, Inc.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(2,228)
|
(780,023)
|
(132,633)
|
|||||||
Kinsale Capital Group, Inc.
|
Goldman Sachs
|
09/21/2026
|
5.33
|
Termination
|
(349)
|
(122,185)
|
23,252
|
|||||||
Lowe's Cos., Inc.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(8,644)
|
(1,718,687)
|
26,624
|
|||||||
Moody's Corp.
|
Goldman Sachs
|
03/02/2026
|
5.33
|
Termination
|
(1,941)
|
(708,387)
|
(144,980)
|
|||||||
Myriad Genetics, Inc.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(31,441)
|
(600,209)
|
13,205
|
|||||||
National Beverage Corp.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(40,199)
|
(1,911,060)
|
89,644
|
|||||||
National Beverage Corp.
|
Goldman Sachs
|
12/15/2025
|
5.33
|
Termination
|
(2,534)
|
(120,466)
|
7,784
|
|||||||
Novanta, Inc.
|
Goldman Sachs
|
08/31/2026
|
5.33
|
Termination
|
(10,605)
|
(1,531,786)
|
(68,566)
|
|||||||
Novanta, Inc.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(9,129)
|
(1,318,593)
|
42,176
|
|||||||
RLI Corp.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(22,213)
|
(3,012,083)
|
(163,266)
|
|||||||
WD-40 Co.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(12,335)
|
(2,983,590)
|
(919,204)
|
|||||||
WD-40 Co.
|
Goldman Sachs
|
12/15/2025
|
5.33
|
Termination
|
(667)
|
(161,334)
|
(50,069)
|
|||||||
Wolfspeed, Inc.
|
Goldman Sachs
|
08/31/2026
|
5.33
|
Termination
|
(37,684)
|
(1,389,032)
|
147,432
|
|||||||
Wolfspeed, Inc.
|
Morgan Stanley
|
12/08/2025
|
5.33
|
Termination
|
(17,201)
|
(634,029)
|
755,296
|
|||||||
(42,986,876)
|
5,421,004
|
|||||||||||||
Total Short
|
(73,656,182)
|
2,342,616
|
||||||||||||
Net unrealized gain/(loss) on Contracts For Difference
|
$ 2,342,616
|
Level 1 -
|
Prices are determined using quoted prices in active markets for identical securities.
|
Level 2 -
|
Prices are determined using other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).
|
Level 3 -
|
Prices are determined using significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).
|
|
|
TOTAL
|
|
|
LEVEL 1
|
|
|
LEVEL 2
|
|
|
LEVEL 3
|
|
||||
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Equities
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
Common Stocks
|
|
$
|
665,028,598
|
|
|
$
|
602,914,493
|
|
|
$
|
62,114,105
|
|
|
$
|
–
|
|
Warrants
|
8,325
|
– | 8,325 |
–
|
||||||||||||
Total Equity Securities
|
|
665,036,923
|
602,914,493
|
|
|
62,122,430
|
|
|
–
|
|
||||||
Corporate Bonds
|
|
|
|
|
|
|
|
|
|
|
||||||
Corporate Bonds
|
|
773,251
|
|
|
– |
|
|
773,251 |
|
|
–
|
|
||||
Total Corporate Bonds
|
|
773,251
|
|
|
– |
|
|
773,251 |
|
|
–
|
|
||||
Derivative Investments
|
|
|
|
|
|
|
|
|
|
|
||||||
Swap
|
|
7,954,199
|
|
|
7,954,199
|
|
|
–
|
|
|
–
|
|
||||
Total Derivative Investments
|
7,954,199
|
7,954,199
|
– | – | ||||||||||||
Short-Term Investments
|
|
|
||||||||||||||
Money Market Deposit Accounts
|
155 |
155 |
– |
|
– | |||||||||||
Money Market Funds
|
288,981
|
288,981 |
– |
– | ||||||||||||
Total Short-Term Investments
|
289,136
|
289,136
|
–
|
–
|
||||||||||||
Total Assets*
|
|
$
|
674,053,509
|
|
|
$
|
611,157,828
|
|
|
$
|
62,895,681
|
|
|
$
|
–
|
|
TOTAL |
LEVEL 1 |
LEVEL 2 |
LEVEL 3 |
|||||||||||||
Equities
|
||||||||||||||||
Common Stocks
|
$ |
(177,200,723)
|
$ |
(129,238,598) |
$ |
(47,962,125) | $ |
– |
||||||||
Rights |
– |
– |
– | – |
^ | |||||||||||
Total Equity Securities
|
(177,200,723)
|
(129,238,598) | (47,962,125) | – |
|
|||||||||||
Derivative Investments
|
||||||||||||||||
Option
|
(272,844)
|
(186,376)
|
(86,468)
|
– |
||||||||||||
Swap |
(5,611,583)
|
(5,611,583)
|
– |
– |
||||||||||||
Total Derivative Investments
|
(5,884,427)
|
(5,797,959)
|
(86,468) | – |
||||||||||||
Total Liabilities*
|
$ |
(183,085,150)
|
$ |
(135,036,557)
|
$ |
(48,048,593)
|
$ |
– |