0000891092-14-008829.txt : 20141124 0000891092-14-008829.hdr.sgml : 20141124 20141124164056 ACCESSION NUMBER: 0000891092-14-008829 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140930 FILED AS OF DATE: 20141124 DATE AS OF CHANGE: 20141124 EFFECTIVENESS DATE: 20141124 FILER: COMPANY DATA: COMPANY CONFORMED NAME: QUANTITATIVE MASTER SERIES LLC CENTRAL INDEX KEY: 0001025836 IRS NUMBER: 223483688 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-07885 FILM NUMBER: 141246782 BUSINESS ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 BUSINESS PHONE: 800-441-7762 MAIL ADDRESS: STREET 1: 100 BELLEVUE PARKWAY CITY: WILMINGTON STATE: DE ZIP: 19809 FORMER COMPANY: FORMER CONFORMED NAME: QUANTITATIVE MASTER SERIES TRUST DATE OF NAME CHANGE: 19991216 FORMER COMPANY: FORMER CONFORMED NAME: INDEX MASTER SERIES TRUST DATE OF NAME CHANGE: 19990730 FORMER COMPANY: FORMER CONFORMED NAME: MERRILL LYNCH INDEX TRUST DATE OF NAME CHANGE: 19961024 0001025836 S000002712 Master Extended Market Index Series C000007397 Master Extended Market Index Series N-Q 1 e61544nq.htm FORM N-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

 

Investment Company Act file number: 811-07885

 

Name of Fund: Master Extended Market Index Series of Quantitative Master Series LLC

 

Fund Address: 100 Bellevue Parkway, Wilmington, DE 19809

 

Name and address of agent for service: John M. Perlowski, Chief Executive Officer, Master Extended Market Index Series of Quantitative Master Series LLC, 55 East 52nd Street, New York, NY 10055

 

Registrant’s telephone number, including area code: (800) 441-7762

 

Date of fiscal year end: 12/31/2014

 

Date of reporting period: 09/30/2014

 

Item 1 – Schedule of Investments

 
 

 

Schedule of Investments September 30, 2014 (Unaudited) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
 
Aerospace & Defense — 1.6%
AAR Corp.   5,621 $ 135,747
Aerovironment, Inc. (a)   3,079   92,585
Alliant Techsystems, Inc.   4,582   584,846
Astronics Corp. (a)   2,570   122,538
Astronics Corp., Class B (a)   514   24,415
BE Aerospace, Inc. (a)   14,914   1,251,881
CPI Aerostructures, Inc. (a)   2,530   24,920
Cubic Corp.   3,267   152,896
Curtiss-Wright Corp.   6,896   454,584
Ducommun, Inc. (a)   1,874   51,366
Engility Holdings, Inc. (a)   1,317   41,051
Esterline Technologies Corp. (a)   4,664   518,963
Exelis, Inc.   27,066   447,672
GenCorp, Inc. (a)   10,203   162,942
HEICO Corp.   718   33,531
HEICO Corp., Class A   7,676   309,343
Hexcel Corp. (a)   14,146   561,596
Huntington Ingalls Industries, Inc.   7,194   749,687
Innovative Solutions & Support, Inc. (a)   4,600   23,989
Kratos Defense & Security Solutions, Inc. (a)   9,451   61,999
LMI Aerospace, Inc. (a)   2,720   34,816
Mantech International Corp., Class A   2,988   80,527
Moog, Inc., Class A (a)   6,278   429,415
Orbital Sciences Corp. (a)   9,185   255,343
RBC Bearings, Inc.   3,523   199,754
Smith & Wesson Holding Corp. (a)   9,163   86,499
Spirit Aerosystems Holdings, Inc., Class A (a)   17,576   668,942
Sturm Ruger & Co., Inc. (b)   3,052   148,602
Taser International, Inc. (a)   8,295   128,075
Teledyne Technologies, Inc. (a)   5,492   516,303
TransDigm Group, Inc.   7,388   1,361,830
Triumph Group, Inc.   7,777   505,894
VSE Corp.   644   31,569
   
    10,254,120
   
Alternative Energy — 0.2%
Amyris, Inc. (a)(b)   8,820   33,428
Ascent Solar Technologies, Inc. (a)   743   1,642
Enphase Energy, Inc. (a)   2,445   36,651
FuelCell Energy, Inc. (a)(b)   35,334   73,848
Green Plains Renewable Energy, Inc.   4,822   180,295
GT Advanced Technologies, Inc. (a)   20,301   219,860
Ocean Power Technologies, Inc. (a)   3,549   4,188
Pattern Energy Group, Inc.   2,688   83,113
Plug Power, Inc. (a)(b)   24,367   111,844
Renewable Energy Group, Inc. (a)   465   4,720
REX American Resources Corp. (a)   798   58,158
Solazyme, Inc. (a)   9,331   69,609
             
Common Stocks
Shares		   Value
   
Alternative Energy (concluded)
SunPower Corp. (a)   6,581 $ 222,964
   
    1,100,320
   
Automobiles & Parts — 2.2%
Allison Transmission Holdings, Inc.   24,733   704,643
American Axle & Manufacturing Holdings, Inc. (a)   10,606   177,863
Autoliv, Inc.   13,422   1,233,750
Cooper Tire & Rubber Co.   8,746   251,010
Cooper-Standard Holding, Inc. (a)   923   57,595
Dana Holding Corp.   22,822   437,498
Dorman Products, Inc. (a)   4,690   187,881
Federal-Mogul Corp. (a)   4,499   66,900
Fuel Systems Solutions, Inc. (a)   2,169   19,326
Gentex Corp.   21,469   574,725
Gentherm, Inc. (a)   5,419   228,844
Lear Corp.   11,643   1,006,072
LKQ Corp. (a)   44,300   1,177,937
LoJack Corp. (a)   6,073   23,806
Modine Manufacturing Co. (a)   7,575   89,915
Motorcar Parts of America, Inc. (a)   2,943   80,079
Standard Motor Products, Inc.   3,134   107,904
Stoneridge, Inc. (a)   4,259   47,999
Strattec Security Corp.   573   46,614
Superior Industries International, Inc.   3,069   53,800
Tenneco, Inc. (a)   9,011   471,365
Tesla Motors, Inc. (a)   13,971   3,390,482
Titan International, Inc.   8,211   97,054
Tower International, Inc. (a)   2,094   52,748
TRW Automotive Holdings Corp. (a)   16,187   1,638,934
U.S. Auto Parts Network, Inc. (a)   7,139   20,132
Visteon Corp. (a)   6,503   632,417
WABCO Holdings, Inc. (a)   8,179   743,880
   
    13,621,173
   
Banks — 5.0%
1st Source Corp.   1,862   53,030
1st United Bancorp, Inc.   6,012   51,222
Ameriana Bancorp   1,956   29,007
American National Bankshares, Inc.   1,548   35,217
Ameris Bancorp   4,563   100,158
Ames National Corp.   1,856   41,482
Arrow Financial Corp.   2,225   55,771
Associated Banc-Corp   22,027   383,710
Astoria Financial Corp.   12,497   154,838
Banc of California, Inc.   4,690   54,545
Bancfirst Corp.   770   48,171
The Bancorp, Inc. (a)   6,671   57,304
Bancorp of New Jersey, Inc.   2,128   24,110
BancorpSouth, Inc.   12,027   242,224
Bank Mutual Corp.   7,238   46,396
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 1
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Banks (continued)
Bank of Hawaii Corp.   6,145 $ 349,097
The Bank of Kentucky Financial Corp.   1,025   47,386
Bank of Marin Bancorp   972   44,605
Bank of the Ozarks, Inc.   9,184   289,480
BankFinancial Corp.   4,459   46,284
BankUnited, Inc.   15,096   460,277
Banner Corp.   3,084   118,641
Bar Harbor Bankshares   1,972   57,050
BCB Bancorp, Inc.   2,823   37,546
Bear State Financial, Inc. (a)   2,336   21,024
Beneficial Mutual Bancorp, Inc. (a)   5,424   69,319
Berkshire Hills Bancorp, Inc.   3,819   89,708
BofI Holding, Inc. (a)   2,046   148,765
BOK Financial Corp.   2,663   177,036
Boston Private Financial Holdings, Inc.   12,591   156,002
Bridge Bancorp, Inc.   2,106   49,807
Bridge Capital Holdings (a)   2,653   60,329
Brookline Bancorp, Inc.   10,701   91,494
Bryn Mawr Bank Corp.   2,643   74,876
California First National Bancorp   882   13,089
Camden National Corp.   1,176   41,160
Cape Bancorp, Inc.   3,648   34,401
Capital Bank Financial Corp., Class A (a)   5,317   126,970
Capital City Bank Group, Inc.   1,923   26,037
Capitol Federal Financial, Inc.   18,962   224,131
Cardinal Financial Corp.   4,985   85,094
Cascade Bancorp (a)   6,367   32,153
Cathay General Bancorp   10,973   272,460
Centerstate Banks, Inc.   6,618   68,496
Central Pacific Financial Corp.   4,655   83,464
Century Bancorp, Inc., Class A   627   21,707
Chemical Financial Corp.   4,344   116,810
Chicopee Bancorp, Inc.   2,061   30,585
Citizens & Northern Corp.   2,446   46,474
City Holding Co.   2,320   97,742
City National Corp.   6,932   524,544
Clifton Bancorp, Inc.   1,974   24,853
CNB Financial Corp.   2,402   37,711
CoBiz Financial, Inc.   5,743   64,207
Colony Bankcorp, Inc. (a)   750   4,838
Columbia Banking System, Inc.   7,682   190,590
Commerce Bancshares, Inc.   11,253   502,390
Community Bank System, Inc.   6,000   201,540
Community Trust Bancorp, Inc.   2,381   80,073
CommunityOne Bancorp (a)   2,905   25,622
ConnectOne Bancorp, Inc.   2,856   54,407
Cullen/Frost Bankers, Inc.   7,719   590,581
CVB Financial Corp.   13,798   198,001
Dime Community Bancshares, Inc.   4,654   67,018
Eagle Bancorp, Inc. (a)   3,780   120,280
             
Common Stocks
Shares		   Value
   
Banks (continued)
East West Bancorp, Inc.   20,691 $ 703,494
Eastern Virginia Bankshares, Inc. (a)   2,546   15,836
Enterprise Bancorp, Inc.   1,296   24,417
Enterprise Financial Services Corp.   3,330   55,678
ESB Financial Corp.   2,374   27,728
ESSA Bancorp, Inc.   1,863   21,052
Farmers Capital Bank Corp. (a)   1,489   33,547
Fidelity Southern Corp.   3,412   46,744
Financial Institutions, Inc.   2,187   49,164
First Bancorp, Inc.   2,216   36,941
First Bancorp, North Carolina   3,105   49,742
First BanCorp, Puerto Rico (a)   15,663   74,399
First Busey Corp.   11,407   63,537
First Citizens Banc Corp.   1,968   19,641
First Citizens BancShares, Inc., Class A   846   183,269
First Commonwealth Financial Corp.   13,854   116,235
First Community Bancshares, Inc.   2,730   39,012
First Connecticut Bancorp, Inc.   3,213   46,588
First Defiance Financial Corp.   1,535   41,460
First Financial Bancorp   8,783   139,035
First Financial Bankshares, Inc.   8,954   248,832
First Financial Corp.   1,437   44,475
First Financial Northwest, Inc.   2,894   29,548
First Financial Service Corp. (a)   968   3,475
First Horizon National Corp.   34,097   418,711
First Interstate Bancsystem, Inc.   2,988   79,391
First Merchants Corp.   5,448   110,104
First Midwest Bancorp, Inc.   11,044   177,698
First Niagara Financial Group, Inc.   52,329   435,901
The First of Long Island Corp.   1,491   51,365
First Republic Bank   18,072   892,395
First Security Group, Inc. (a)   15,167   30,031
First South Bancorp, Inc.   3,052   24,599
First United Corp. (a)   1,784   14,218
FirstMerit Corp.   23,745   417,912
Flagstar Bancorp, Inc. (a)   3,391   57,071
Flushing Financial Corp.   4,602   84,079
FNB Corp.   23,424   280,854
Fox Chase Bancorp, Inc.   2,566   41,851
Franklin Financial Corp. (a)   2,485   46,246
Fulton Financial Corp.   26,500   293,620
German American Bancorp, Inc.   2,176   56,163
Glacier Bancorp, Inc.   10,789   279,004
Great Southern Bancorp, Inc.   1,408   42,719
Guaranty Bancorp   3,814   51,527
Hampton Roads Bankshares, Inc. (a)   14,290   21,864
Hancock Holding Co.   11,651   373,415
Hanmi Financial Corp.   5,135   103,522
Hawthorn Bancshares, Inc.   1,241   17,064
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 2
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Banks (continued)
Heartland Financial USA, Inc.   2,048 $ 48,906
Heritage Commerce Corp.   4,396   36,091
Heritage Financial Corp.   5,226   82,780
HMN Financial, Inc. (a)   1,907   25,172
Home Bancorp, Inc. (a)   1,779   40,401
Home BancShares, Inc.   7,170   210,870
Home Loan Servicing Solutions Ltd.   11,237   238,112
HomeTrust Bancshares, Inc. (a)   3,179   46,445
Horizon Bancorp   1,338   30,828
Hudson Valley Holding Corp.   2,386   43,306
Iberiabank Corp.   4,573   285,858
Independent Bank Corp./MA   3,467   123,841
Independent Bank Corp./MI   4,221   50,314
International Bancshares Corp.   8,105   199,910
Intervest Bancshares Corp.   4,029   38,517
Investors Bancorp, Inc.   50,255   509,083
Kearny Financial Corp. (a)   3,257   43,416
Lakeland Bancorp, Inc.   5,519   53,865
Lakeland Financial Corp.   2,532   94,950
Macatawa Bank Corp.   6,531   31,349
MainSource Financial Group, Inc.   3,542   61,099
MB Financial, Inc.   9,008   249,341
Mercantile Bank Corp.   2,713   51,683
Merchants Bancshares, Inc.   1,163   32,785
Metro Bancorp, Inc. (a)   2,347   56,915
MidSouth Bancorp, Inc.   1,608   30,070
MidWestOne Financial Group, Inc.   1,520   34,975
MutualFirst Financial, Inc.   1,697   38,182
National Bankshares, Inc.   1,269   35,227
National Penn Bancshares, Inc.   16,473   159,953
NBT Bancorp, Inc.   6,330   142,552
New York Community Bancorp, Inc.   65,278   1,035,962
NewBridge Bancorp (a)   5,756   43,688
North Valley Bancorp (a)   1,795   38,736
Northfield Bancorp, Inc.   10,182   138,679
Northrim BanCorp, Inc.   1,270   33,566
Northwest Bancshares, Inc.   13,479   163,096
Norwood Financial Corp.   859   24,619
OceanFirst Financial Corp.   2,337   37,182
OFG Bancorp   7,031   105,324
Ohio Valley Banc Corp.   934   21,575
Old National Bancorp   14,444   187,339
Old Second Bancorp, Inc. (a)   5,393   25,940
OmniAmerican Bancorp, Inc.   2,365   61,466
Oritani Financial Corp.   6,327   89,147
Orrstown Financial Services, Inc. (a)   2,093   34,137
Pacific Continental Corp.   3,334   42,842
PacWest Bancorp   14,044   579,034
Park National Corp.   2,005   151,217
Park Sterling Corp.   9,934   65,862
Peapack Gladstone Financial Corp.   2,063   36,103
             
Common Stocks
Shares		   Value
   
Banks (continued)
Penns Woods Bancorp, Inc.   1,050 $ 44,362
Peoples Bancorp of North Carolina, Inc.   1,497   25,090
Peoples Bancorp, Inc.   1,815   43,106
Peoples Financial Corp.   1,245   16,484
Pinnacle Financial Partners, Inc.   5,097   184,002
Popular, Inc. (a)   14,885   438,140
Porter Bancorp, Inc. (a)   1,044   1,044
Preferred Bank (a)   2,659   59,881
PrivateBancorp, Inc.   10,307   308,282
Prosperity Bancshares, Inc.   8,313   475,254
Provident Financial Holdings, Inc.   1,737   25,343
Provident Financial Services, Inc.   7,911   129,503
Pulaski Financial Corp.   2,837   32,626
Renasant Corp.   4,800   129,840
Republic Bancorp, Inc., Class A   1,667   39,491
Republic First Bancorp, Inc. (a)   6,390   24,857
Riverview Bancorp, Inc. (a)   6,227   24,846
S&T Bancorp, Inc.   4,337   101,746
Sandy Spring Bancorp, Inc.   3,931   89,981
Seacoast Banking Corp. of Florida (a)   4,359   47,644
Shore Bancshares, Inc. (a)   3,680   33,120
Sierra Bancorp   1,921   32,196
Signature Bank (a)   7,435   833,166
Simmons First National Corp., Class A   2,584   99,536
South State Corp.   3,558   198,963
Southside Bancshares, Inc. (b)   2,898   96,358
Southwest Bancorp, Inc.   3,310   54,284
State Bank Financial Corp.   5,576   90,554
Sterling Bancorp   12,155   155,462
Stock Yards Bancorp, Inc.   2,255   67,875
Suffolk Bancorp   2,452   47,593
Summit Financial Group, Inc. (a)   1,593   15,930
Sun Bancorp, Inc. (a)   2,292   41,508
Susquehanna Bancshares, Inc.   26,929   269,290
SVB Financial Group (a)   7,460   836,191
Synovus Financial Corp.   20,016   473,178
TCF Financial Corp.   23,707   368,170
Territorial Bancorp, Inc.   1,901   38,571
Texas Capital Bancshares, Inc. (a)   6,384   368,229
TFS Financial Corp.   12,496   178,943
Tompkins Financial Corp.   1,745   76,920
TowneBank   5,248   71,268
Trico Bancshares   2,123   48,022
TrustCo Bank Corp. NY   15,282   98,416
Trustmark Corp.   9,562   220,261
UMB Financial Corp.   5,193   283,278
Umpqua Holdings Corp.   25,096   413,331
Union Bankshares Corp.   6,713   155,070
United Bancorp, Inc.   3,115   25,200
United Bankshares, Inc.   9,006   278,556
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 3
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Banks (concluded)
United Community Banks, Inc.   6,361 $ 104,702
United Community Financial Corp.   11,244   52,622
United Financial Bancorp, Inc.   7,872   99,896
United Security Bancshares (a)   3,782   21,066
Univest Corp. of Pennsylvania   2,482   46,537
Valley National Bancorp   28,852   279,576
ViewPoint Financial Group, Inc.   5,686   136,123
Washington Federal, Inc.   14,524   295,709
Washington Trust Bancorp, Inc.   2,302   75,943
Waterstone Financial, Inc.   3,280   37,884
Webster Financial Corp.   13,302   387,620
WesBanco, Inc.   4,185   128,019
West BanCorp., Inc.   3,190   45,075
Westamerica BanCorp   3,780   175,846
Western Alliance Bancorp (a)   11,822   282,546
Westfield Financial, Inc.   3,799   26,821
Wilshire Bancorp, Inc.   11,170   103,099
Wintrust Financial Corp.   6,809   304,158
WSFS Financial Corp.   1,272   91,088
Yadkin Financial Corp. (a)   2,663   48,360
   
    31,284,473
   
Beverages — 0.1%
The Boston Beer Co., Inc., Class A (a)   1,150   255,024
Coca-Cola Bottling Co. Consolidated   775   57,838
Craft Brew Alliance, Inc. (a)   1,760   25,344
National Beverage Corp. (a)   2,243   43,739
Primo Water Corp. (a)   5,635   24,287
Willamette Valley Vineyards, Inc. (a)   2,312   12,762
   
    418,994
   
Chemicals — 2.5%
A. Schulman, Inc.   4,114   148,762
Aceto Corp.   4,209   81,318
Albemarle Corp.   11,385   670,576
American Vanguard Corp.   3,882   43,478
Ashland, Inc.   10,346   1,077,019
Axiall Corp.   10,446   374,071
Balchem Corp.   4,473   253,038
Cabot Corp.   8,564   434,794
Calgon Carbon Corp. (a)   8,315   161,145
Cambrex Corp. (a)   5,282   98,668
Celanese Corp., Series A   22,308   1,305,464
Chase Corp.   1,295   40,300
Chemtura Corp. (a)   13,404   312,715
Cytec Industries, Inc.   10,654   503,828
Ferro Corp. (a)   13,356   193,528
FutureFuel Corp.   3,639   43,268
Hawkins, Inc.   1,451   52,178
HB Fuller Co.   7,170   284,649
             
Common Stocks
Shares		   Value
   
Chemicals (concluded)
Huntsman Corp.   29,011 $ 753,996
Innophos Holdings, Inc.   3,136   172,762
Innospec, Inc.   3,555   127,624
Intrepid Potash, Inc. (a)   8,200   126,690
KMG Chemicals, Inc.   1,469   23,915
Koppers Holdings, Inc.   3,035   100,641
Kraton Performance Polymers, Inc. (a)   5,043   89,816
Kronos Worldwide, Inc.   2,763   38,074
LSB Industries, Inc. (a)   2,939   104,952
Metabolix, Inc. (a)   4,583   4,171
Minerals Technologies, Inc.   5,044   311,265
NewMarket Corp.   1,551   590,962
Olin Corp.   11,378   287,294
OM Group, Inc.   4,674   121,290
OMNOVA Solutions, Inc. (a)   8,090   43,443
Penford Corp. (a)   2,295   30,225
Platform Specialty Products Corp. (a)   13,235   331,140
PolyOne Corp.   13,348   474,922
Polypore International, Inc. (a)   6,937   269,919
Quaker Chemical Corp.   1,917   137,430
Rayonier Advanced Materials, Inc. (b)   6,271   206,379
Rentech, Inc. (a)   30,656   52,422
Rockwood Holdings, Inc.   10,499   802,649
RPM International, Inc.   19,345   885,614
Senomyx, Inc. (a)   7,801   63,968
Sensient Technologies Corp.   6,902   361,320
Stepan Co.   2,813   124,841
TOR Minerals International, Inc. (a)   1,000   8,320
Tredegar Corp.   3,711   68,320
Tronox Ltd., Class A   9,237   240,624
The Valspar Corp.   11,020   870,470
Westlake Chemical Corp.   5,836   505,339
WR Grace & Co. (a)   10,964   997,066
Zagg, Inc. (a)   5,548   30,958
Zep, Inc.   3,420   47,948
   
    15,485,568
   
Construction & Materials — 2.2%
AAON, Inc.   6,423   109,255
Acuity Brands, Inc.   6,446   758,759
AECOM Technology Corp. (a)   14,823   500,276
Aegion Corp. (a)   5,959   132,588
Ameresco, Inc., Class A (a)   4,419   30,270
American DG Energy, Inc. (a)(b)   13,435   15,450
American Woodmark Corp. (a)   2,023   74,568
AO Smith Corp.   10,941   517,290
Apogee Enterprises, Inc.   4,359   173,488
Argan, Inc.   1,758   58,682
Armstrong World Industries, Inc. (a)   6,693   374,808
BlueLinx Holdings, Inc. (a)   22,042   28,875
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 4
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Construction & Materials (continued)
Boise Cascade Co. (a)   4,044 $ 121,886
Builders FirstSource, Inc. (a)   9,072   49,442
Chicago Bridge & Iron Co. NV   14,175   820,024
Eagle Materials, Inc.   7,524   766,169
EMCOR Group, Inc.   9,909   395,964
Fortune Brands Home & Security, Inc.   23,278   956,959
Foster Wheeler AG   14,634   462,727
Generac Holdings, Inc. (a)   10,137   410,954
Gibraltar Industries, Inc. (a)   4,428   60,619
Granite Construction, Inc.   5,285   168,116
Great Lakes Dredge & Dock Corp. (a)   9,666   59,736
Griffon Corp.   6,030   68,682
Headwaters, Inc. (a)   12,367   155,082
Hill International, Inc. (a)   5,539   22,156
Insteel Industries, Inc.   2,430   49,961
Integrated Electrical Services, Inc. (a)   2,641   21,788
Inteliquent, Inc.   5,525   68,786
KBR, Inc.   21,841   411,266
Layne Christensen Co. (a)   3,913   37,995
LB Foster Co., Class A   1,479   67,945
Lennox International, Inc.   6,499   499,578
Louisiana-Pacific Corp. (a)   21,467   291,737
Masonite International Corp. (a)   2,044   113,197
MasTec, Inc. (a)   9,152   280,234
MDU Resources Group, Inc.   28,179   783,658
Mueller Water Products, Inc., Series A   23,943   198,248
MYR Group, Inc. (a)   3,640   87,651
NCI Building Systems, Inc. (a)   5,071   98,377
Nortek, Inc. (a)   1,731   128,960
Northwest Pipe Co. (a)   1,680   57,288
Omega Flex, Inc.   1,009   19,635
Orion Marine Group, Inc. (a)   5,034   50,239
Owens Corning   16,373   519,843
Patrick Industries, Inc. (a)   986   41,767
PGT, Inc. (a)   6,280   58,530
Pike Corp. (a)   4,565   54,278
Primoris Services Corp.   5,751   154,357
Quanex Building Products Corp.   5,802   104,958
Simpson Manufacturing Co., Inc.   5,710   166,447
Sterling Construction Co., Inc. (a)   4,288   32,889
Thermon Group Holdings, Inc. (a)   5,070   123,809
TRC Cos., Inc. (a)   3,961   25,865
Trex Co., Inc. (a)   4,838   167,250
Tutor Perini Corp. (a)   5,832   153,965
Universal Forest Products, Inc.   2,945   125,781
USG Corp. (a)   13,820   379,912
Valmont Industries, Inc. (b)   3,866   521,639
Watsco, Inc.   3,831   330,156
             
Common Stocks
Shares		   Value
   
Construction & Materials (concluded)
Watts Water Technologies, Inc., Class A   3,991 $ 232,476
   
    13,753,290
   
Electricity — 1.4%
ALLETE, Inc.   5,910   262,345
Alliant Energy Corp.   16,299   903,128
Alteva (a)   1,815   12,814
Black Hills Corp.   6,519   312,130
Calpine Corp. (a)   53,183   1,154,071
Cleco Corp.   8,686   418,231
Covanta Holding Corp.   19,269   408,888
Dynegy, Inc. (a)   12,673   365,743
El Paso Electric Co.   6,267   229,059
The Empire District Electric Co.   7,217   174,290
Great Plains Energy, Inc.   23,312   563,451
Hawaiian Electric Industries, Inc. (b)   14,355   381,125
IDACORP, Inc.   7,221   387,118
ITC Holdings Corp.   23,268   829,039
MGE Energy, Inc.   5,145   191,703
NorthWestern Corp.   5,838   264,812
Ormat Technologies, Inc.   3,208   84,274
Portland General Electric Co.   11,667   374,744
TerraForm Power, Inc., Class A (a)   2,940   84,848
UIL Holdings Corp.   9,098   322,069
Unitil Corp.   3,102   96,441
U.S. Geothermal, Inc. (a)   23,727   13,287
Westar Energy, Inc.   19,630   669,776
   
    8,503,386
   
Electronic & Electrical Equipment — 2.7%
Adept Technology, Inc. (a)   3,068   25,802
Allied Motion Technologies, Inc.   1,620   23,004
American Science & Engineering, Inc.   1,261   69,834
Anixter International, Inc.   3,908   331,555
API Technologies Corp. (a)   12,042   28,299
Arrow Electronics, Inc. (a)   14,322   792,723
Avnet, Inc.   20,099   834,108
AVX Corp.   6,474   85,975
AZZ, Inc.   3,732   155,886
Badger Meter, Inc.   2,135   107,711
Bel Fuse, Inc., Class B   2,157   53,364
Belden, Inc.   6,422   411,136
Benchmark Electronics, Inc. (a)   8,089   179,657
Brady Corp., Class A   6,689   150,101
Capstone Turbine Corp. (a)(b)   55,452   59,334
Checkpoint Systems, Inc. (a)   6,943   84,913
Cognex Corp. (a)   12,565   505,992
Coherent, Inc. (a)   3,792   232,715
CTS Corp.   5,283   83,947
CyberOptics Corp. (a)   2,661   29,856
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 5
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Electronic & Electrical Equipment (continued)
Daktronics, Inc.   6,043 $ 74,268
Electro Rent Corp.   3,274   45,083
Electro Scientific Industries, Inc.   4,035   27,398
eMagin Corp. (a)   8,818   20,722
Encore Wire Corp.   2,783   103,221
EnerNOC, Inc. (a)   4,406   74,726
EnerSys, Inc.   6,551   384,151
ESCO Technologies, Inc.   3,900   135,642
Fabrinet (a)   4,476   65,350
FARO Technologies, Inc. (a)   2,690   136,517
FEI Co.   6,112   460,967
General Cable Corp.   7,113   107,264
GrafTech International Ltd. (a)   17,533   80,301
Greatbatch, Inc. (a)   3,828   163,111
Houston Wire & Cable Co.   3,110   37,258
Hubbell, Inc., Class B   7,775   937,121
II-VI, Inc. (a)   8,445   99,398
Intevac, Inc. (a)   5,485   36,585
IntriCon Corp. (a)   2,740   16,413
IPG Photonics Corp. (a)   5,300   364,534
Itron, Inc. (a)   5,925   232,912
Kemet Corp. (a)   8,847   36,450
Knowles Corp. (a)   12,733   337,424
Landauer, Inc.   1,837   60,639
LightPath Technologies, Inc., Class A (a)   6,052   8,896
Lime Energy Co. (a)   559   1,806
Littelfuse, Inc.   3,360   286,205
LSI Industries, Inc.   3,465   21,033
MA-COM Technology Solutions Holdings, Inc. (a)   1,195   26,099
Magnetek, Inc. (a)   824   25,783
Maxwell Technologies, Inc. (a)   6,063   52,869
Measurement Specialties, Inc. (a)   2,456   210,258
Methode Electronics, Inc.   5,454   201,089
Mettler-Toledo International, Inc. (a)   4,275   1,094,956
MTS Systems Corp.   2,372   161,913
Napco Security Technologies, Inc. (a)   7,191   33,798
National Instruments Corp.   14,741   455,939
Newport Corp. (a)   6,575   116,509
NVE Corp. (a)   974   62,862
Orion Energy Systems, Inc. (a)   5,121   27,397
OSI Systems, Inc. (a)   2,898   183,965
Park Electrochemical Corp.   3,206   75,501
Plexus Corp. (a)   5,139   189,783
Powell Industries, Inc.   1,398   57,122
Regal-Beloit Corp.   6,524   419,167
Research Frontiers, Inc. (a)   5,552   31,924
Rofin-Sinar Technologies, Inc. (a)   4,390   101,233
Rogers Corp. (a)   2,784   152,452
Rubicon Technology, Inc. (a)   4,201   17,854
             
Common Stocks
Shares		   Value
   
Electronic & Electrical Equipment (concluded)
Sanmina Corp. (a)   12,247 $ 255,472
Sensata Technologies Holding NV (a)   23,164   1,031,493
Servotronics, Inc. (a)   743   5,721
SL Industries, Inc. (a)   750   36,615
Trimble Navigation Ltd. (a)   38,216   1,165,588
TTM Technologies, Inc. (a)   8,600   58,566
Turtle Beach Corp. (a)(b)   2,949   22,560
Ultralife Corp. (a)   3,982   12,902
Universal Display Corp. (a)   6,337   206,840
Veeco Instruments, Inc. (a)   5,928   207,184
Viasystems Group, Inc. (a)   1,392   21,854
Vicor Corp. (a)   3,482   32,731
Vishay Intertechnology, Inc.   20,353   290,844
Vishay Precision Group, Inc. (a)   2,569   38,381
WESCO International, Inc. (a)   6,589   515,655
Zebra Technologies Corp., Class A (a)   7,397   524,965
   
    16,727,151
   
Financial Services — 3.4%
Ally Financial, Inc. (a)   14,581   337,404
Artisan Partners Asset Management, Inc., Class A   4,710   245,156
Asta Funding, Inc. (a)   2,169   17,808
Atlanticus Holdings Corp. (a)   1,465   2,754
BBCN Bancorp, Inc.   11,987   174,890
BGC Partners, Inc., Class A   26,284   195,290
Blackhawk Network Holdings, Inc., Class B (a)   6,216   200,777
Calamos Asset Management, Inc., Class A   3,145   35,444
Cash America International, Inc.   4,166   182,471
CBOE Holdings, Inc.   12,659   677,573
CIFC Corp.   2,496   22,589
CIT Group, Inc.   27,241   1,251,996
Cohen & Steers, Inc.   2,805   107,824
Cowen Group, Inc., Class A (a)   18,550   69,563
Credit Acceptance Corp. (a)   1,376   173,472
Diamond Hill Investment Group, Inc.   489   60,171
Eaton Vance Corp.   17,919   676,084
Encore Capital Group, Inc. (a)   3,846   170,416
Essent Group Ltd. (a)   4,573   97,908
EverBank Financial Corp.   13,176   232,688
Evercore Partners, Inc., Class A   5,234   245,998
Ezcorp, Inc., Class A (a)   8,222   81,480
FBR & Co. (a)   1,765   48,573
Federal Agricultural Mortgage Corp., Class C   1,972   63,380
Federated Investors, Inc., Class B   14,119   414,534
Financial Engines, Inc.   7,990   273,378
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 6
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Financial Services (continued)
First Cash Financial Services, Inc. (a)   4,540 $ 254,149
The First Marblehead Corp. (a)   4,899   13,913
FNF Group   41,184   1,142,444
FNFV Group (a)   13,726   188,870
FXCM, Inc., Class A   6,290   99,697
GAMCO Investors, Inc., Class A   650   45,981
GFI Group, Inc.   10,994   59,478
Green Dot Corp., Class A (a)   5,171   109,315
Greenhill & Co., Inc.   3,945   183,403
Imperial Holdings, Inc. (a)   4,686   30,225
Institutional Financial Markets, Inc.   1,108   2,161
Interactive Brokers Group, Inc., Class A   7,197   179,565
INTL. FCStone, Inc. (a)   1,975   34,207
Investment Technology Group, Inc. (a)   5,930   93,457
Janus Capital Group, Inc.   22,142   321,945
Jason Industries, Inc. (a)   2,144   22,190
JMP Group, Inc.   3,528   22,121
KCG Holdings, Inc., Class A (a)   12,151   123,090
Ladder Capital Corp., Class A (a)   1,461   27,613
Ladenburg Thalmann Financial Services, Inc. (a)   19,571   82,981
Liberty TripAdvisor Holdings, Inc., Class A (a)   10,537   357,204
LPL Financial Holdings, Inc.   11,704   538,969
MarketAxess Holdings, Inc.   5,606   346,787
Marlin Business Services Corp.   1,640   30,045
MGIC Investment Corp. (a)   51,611   403,082
MicroFinancial, Inc.   3,823   30,813
MoneyGram International, Inc. (a)   5,436   68,167
MSCI, Inc. (a)   17,286   812,788
Nelnet, Inc., Class A   2,846   122,634
NewStar Financial, Inc. (a)   4,431   49,804
NorthStar Asset Management Group, Inc. (a)   27,118   499,514
NRG Yield, Inc., Class A   3,681   173,191
Ocwen Financial Corp. (a)   17,078   447,102
Oppenheimer Holdings, Inc., Class A   1,362   27,581
PICO Holdings, Inc. (a)   4,035   80,498
Piper Jaffray Cos. (a)   2,533   132,324
Portfolio Recovery Associates, Inc. (a)   7,498   391,621
Pzena Investment Management, Inc., Class A   3,173   30,302
Radian Group, Inc.   27,973   398,895
Raymond James Financial, Inc.   17,974   963,047
RCS Capital Corp., Class A   4,122   92,827
Resource America, Inc., Class A   4,370   40,685
Safeguard Scientifics, Inc. (a)   4,085   75,164
             
Common Stocks
Shares		   Value
   
Financial Services (concluded)
Santander Consumer USA Holdings, Inc.   12,093 $ 215,376
SEI Investments Co.   19,087   690,186
SLM Corp.   63,417   542,850
Springleaf Holdings, Inc. (a)   2,392   76,377
Stewart Information Services Corp.   3,359   98,587
Stifel Financial Corp. (a)   8,982   421,166
SWS Group, Inc. (a)   4,978   34,298
Synchrony Financial (a)   18,126   444,993
Synergy Resources Corp. (a)   8,885   108,308
TD Ameritrade Holding Corp.   35,685   1,190,808
TESARO, Inc. (a)   2,312   62,239
TPG Specialty Lending, Inc.   3,343   53,521
Tree.com, Inc. (a)   1,444   51,825
U.S. Global Investors, Inc., Class A   4,302   15,272
Virtus Investment Partners, Inc.   1,152   200,102
Voya Financial, Inc.   20,671   808,236
Waddell & Reed Financial, Inc., Class A   12,563   649,381
Walker & Dunlop, Inc. (a)   3,729   49,558
Westwood Holdings Group, Inc.   1,350   76,532
WisdomTree Investments, Inc. (a)   16,789   191,059
World Acceptance Corp. (a)   1,566   105,705
Xoom Corp. (a)   4,048   88,854
   
    21,384,703
   
Fixed Line Telecommunications — 0.5%
8x8, Inc. (a)   14,330   95,724
Cincinnati Bell, Inc. (a)   34,307   115,615
Consolidated Communications Holdings, Inc.   5,989   150,024
EarthLink Holdings Corp.   22,213   75,968
Enventis Corp.   2,224   40,432
Fairpoint Communications, Inc. (a)   4,215   63,942
General Communication, Inc., Class A (a)   4,596   50,142
Hawaiian Telcom Holdco, Inc. (a)   1,381   35,478
IDT Corp., Class B   2,546   40,889
inContact, Inc. (a)   8,833   76,803
Level 3 Communications, Inc. (a)   25,530   1,167,487
Lumos Networks Corp.   3,575   58,094
Straight Path Communications, Inc., Class B (a)   3,418   53,834
tw telecom, Inc. (a)   20,181   839,731
Vonage Holdings Corp. (a)   27,561   90,400
   
    2,954,563
   
Food & Drug Retailers — 0.7%
Casey's General Stores, Inc.   5,657   405,607
The Chefs' Warehouse, Inc. (a)   3,603   58,585
Core-Mark Holding Co., Inc.   3,184   168,879
The Fresh Market, Inc. (a)   6,338   221,386
GNC Holdings, Inc., Class A   13,360   517,566
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 7
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Food & Drug Retailers (concluded)
Ingles Markets, Inc., Class A   1,683 $ 39,870
Omnicare, Inc.   14,337   892,622
The Pantry, Inc. (a)   3,921   79,322
PetMed Express, Inc.   3,455   46,988
Rite Aid Corp. (a)   134,128   649,180
SpartanNash Co.   5,307   103,221
Sprouts Farmers Market, Inc. (a)   14,770   429,364
Supervalu, Inc. (a)   30,827   275,593
United Natural Foods, Inc. (a)   7,328   450,379
Vitamin Shoppe, Inc. (a)   4,670   207,301
Weis Markets, Inc.   1,485   57,960
   
    4,603,823
   
Food Producers — 1.6%
Alico, Inc.   610   23,241
The Andersons, Inc.   3,787   238,127
Annie's, Inc. (a)   1,950   89,505
B&G Foods, Inc.   8,323   229,299
Boulder Brands, Inc. (a)   9,566   130,385
Bunge Ltd.   20,839   1,755,269
Cal-Maine Foods, Inc.   2,149   191,970
Calavo Growers, Inc.   2,295   103,596
Chiquita Brands International, Inc. (a)   7,588   107,750
Darling International, Inc. (a)   24,744   453,310
Dean Foods Co.   14,492   192,019
Diamond Foods, Inc. (a)   4,042   115,642
Farmer Bros Co. (a)   892   25,823
Flowers Foods, Inc.   26,331   483,437
Fresh Del Monte Produce, Inc.   4,740   151,206
Golden Enterprises, Inc.   941   4,385
Griffin Land & Nurseries, Inc.   1,073   30,795
The Hain Celestial Group, Inc. (a)   7,536   771,310
Harbinger Group, Inc. (a)   13,646   179,035
Herbalife Ltd. (b)   10,096   441,700
HQ Sustainable Maritime Industries, Inc. (a)(b)   4,100   —
Ingredion, Inc.   10,921   827,703
J&J Snack Foods Corp.   2,141   200,312
John B Sanfilippo & Son, Inc.   1,174   37,991
Lancaster Colony Corp.   2,760   235,373
Lifeway Foods, Inc. (a)   2,119   29,390
Limoneira Co.   2,459   58,254
Mannatech, Inc. (a)   934   14,561
Medifast, Inc. (a)   2,189   71,865
MGP Ingredients, Inc.   2,244   29,329
Nutraceutical International Corp. (a)   2,417   50,539
Nutrisystem, Inc.   4,769   73,299
Omega Protein Corp. (a)   3,642   45,525
Pilgrim's Pride Corp. (a)   9,076   277,362
Pinnacle Foods, Inc.   8,994   293,654
Post Holdings, Inc. (a)   6,559   217,628
             
Common Stocks
Shares		   Value
   
Food Producers (concluded)
Reliv International, Inc.   1,819 $ 2,256
Rocky Mountain Chocolate Factory, Inc.   2,724   34,159
Sanderson Farms, Inc.   2,959   260,244
Seaboard Corp. (a)   38   101,650
Seneca Foods Corp., Class A (a)   1,057   30,230
Snyders-Lance, Inc.   7,426   196,789
Tootsie Roll Industries, Inc.   2,820   78,932
TreeHouse Foods, Inc. (a)   5,511   443,635
USANA Health Sciences, Inc. (a)   1,235   90,970
WhiteWave Foods Co. (a)   25,738   935,061
   
    10,354,515
   
Forestry & Paper — 0.3%
Clearwater Paper Corp. (a)   3,010   180,931
Deltic Timber Corp.   1,749   108,998
Domtar Corp.   9,319   327,377
KapStone Paper and Packaging Corp. (a)   12,554   351,135
Mercer International, Inc. (a)   3,801   37,060
Neenah Paper, Inc.   2,503   133,860
PH Glatfelter Co.   6,319   138,702
Resolute Forest Products (a)   14,681   229,611
Veritiv Corp. (a)   1,220   61,073
Wausau Paper Corp.   8,251   65,430
   
    1,634,177
   
Gas, Water & Multi-Utilities — 1.4%
American States Water Co.   5,550   168,831
American Water Works Co., Inc.   25,387   1,224,415
Aqua America, Inc.   25,466   599,215
Artesian Resources Corp., Class A   2,012   40,522
Atmos Energy Corp.   14,305   682,349
Avista Corp.   9,077   277,121
Cadiz, Inc. (a)   3,708   38,526
California Water Service Group   7,627   171,150
Chesapeake Utilities Corp.   2,273   94,672
Connecticut Water Service, Inc.   1,969   63,993
Delta Natural Gas Co., Inc.   2,312   45,708
Gas Natural, Inc.   4,001   47,252
Genie Energy Ltd. (a)   4,711   33,118
The Laclede Group, Inc.   5,237   242,997
Middlesex Water Co.   2,966   58,134
National Fuel Gas Co.   12,253   857,587
New Jersey Resources Corp.   5,833   294,625
Northwest Natural Gas Co.   3,833   161,944
ONE Gas, Inc.   7,857   269,102
Piedmont Natural Gas Co., Inc.   10,565   354,244
PNM Resources, Inc.   11,804   294,038
Questar Corp.   25,817   575,461
RGC Resources, Inc.   2,449   48,735
SJW Corp.   2,006   53,901
South Jersey Industries, Inc.   4,709   251,272
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 8
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Gas, Water & Multi-Utilities (concluded)
Southwest Gas Corp.   6,290 $ 305,568
UGI Corp.   24,888   848,432
Vectren Corp.   12,350   492,765
WGL Holdings, Inc.   7,456   314,047
   
    8,909,724
   
General Industrials — 1.2%
Actuant Corp., Class A   10,115   308,710
AEP Industries, Inc. (a)   774   29,311
Aptargroup, Inc.   9,436   572,765
Berry Plastics Group, Inc. (a)   14,796   373,451
Carlisle Cos., Inc.   9,263   744,560
Crown Holdings, Inc. (a)   20,706   921,831
Graphic Packaging Holding Co. (a)   47,817   594,365
Greif, Inc., Class A   4,302   188,471
Harsco Corp.   11,862   253,965
Landec Corp. (a)   4,398   53,875
Multi-Color Corp.   2,274   103,421
Myers Industries, Inc.   3,762   66,362
Otter Tail Corp.   5,434   144,925
Packaging Corp. of America   14,430   920,923
Raven Industries, Inc.   5,522   134,737
Rexnord Corp. (a)   10,692   304,187
Rock-Tenn Co., Class A   20,824   990,806
Silgan Holdings, Inc.   6,377   299,719
Sonoco Products Co.   14,841   583,103
Taminco Corp. (a)   1,917   50,034
TriMas Corp. (a)   6,652   161,843
UFP Technologies, Inc. (a)   1,471   32,333
   
    7,833,697
   
General Retailers — 4.6%
1-800-Flowers.com, Inc., Class A (a)   3,545   25,489
Aaron's, Inc.   9,479   230,529
Abercrombie & Fitch Co., Class A   10,459   380,080
Advance Auto Parts, Inc.   10,654   1,388,216
Aéropostale, Inc. (a)   13,619   44,807
Amerco, Inc.   860   225,225
America's Car-Mart, Inc. (a)   1,386   54,872
American Eagle Outfitters, Inc.   25,308   367,472
American Public Education, Inc. (a)   2,859   77,164
ANN, Inc. (a)   6,914   284,373
Antero Resources Corp. (a)   6,888   378,082
Apollo Education Group, Inc. (a)   14,214   357,482
Asbury Automotive Group, Inc. (a)   4,565   294,077
Ascena Retail Group, Inc. (a)   19,006   252,780
Autobytel, Inc. (a)   2,429   20,865
Barnes & Noble, Inc. (a)   5,772   113,939
Beacon Roofing Supply, Inc. (a)   7,528   191,813
Big 5 Sporting Goods Corp.   2,684   25,149
Big Lots, Inc.   8,198   352,924
Blue Nile, Inc. (a)   2,186   62,410
             
Common Stocks
Shares		   Value
   
General Retailers (continued)
The Bon-Ton Stores, Inc.   2,228 $ 18,626
Books-A-Million, Inc. (a)   1,081   1,838
Bridgepoint Education, Inc. (a)   2,864   31,962
Bright Horizons Family Solutions, Inc. (a)   4,287   180,311
Brown Shoe Co., Inc.   6,155   166,985
The Buckle, Inc.   3,979   180,607
Build-A-Bear Workshop, Inc. (a)   2,503   32,739
Burlington Stores, Inc. (a)   3,368   134,248
Cabela's, Inc. (a)   7,068   416,305
Cache, Inc. (a)   4,067   3,424
Cambium Learning Group, Inc. (a)   10,557   16,047
Capella Education Co.   1,731   108,361
Career Education Corp. (a)   10,687   54,290
Carriage Services, Inc.   3,000   51,990
The Cato Corp., Class A   3,894   134,187
CDK Global, Inc. (a)   23,266   711,707
Chegg, Inc. (a)   6,895   43,025
Chemed Corp.   2,560   263,424
Chico's FAS, Inc.   22,386   330,641
The Children's Place Retail Stores, Inc.   3,319   158,184
Christopher & Banks Corp. (a)   6,159   60,913
Citi Trends, Inc. (a)   2,851   63,007
Clean Energy Fuels Corp. (a)(b)   11,329   88,366
Collectors Universe, Inc.   1,741   38,302
Conn's, Inc. (a)(b)   3,781   114,451
Copart, Inc. (a)   16,699   522,929
Corinthian Colleges, Inc. (a)(b)   10,420   1,151
CST Brands, Inc.   11,102   399,117
dELiA*s, Inc. (a)(b)   11,134   3,073
Destination Maternity Corp.   2,029   31,328
Destination XL Group, Inc. (a)   9,670   45,642
Dick's Sporting Goods, Inc.   14,492   635,909
Dillard's, Inc., Class A   3,564   388,405
DSW, Inc., Class A   10,545   317,510
Express, Inc. (a)   12,714   198,466
The Finish Line, Inc., Class A   6,992   175,010
Five Below, Inc. (a)   7,243   286,895
Foot Locker, Inc.   20,890   1,162,529
Francesca's Holdings Corp. (a)   7,055   98,276
Fred's, Inc., Class A   4,554   63,756
FTD Cos., Inc. (a)   3,403   116,076
Gaiam, Inc., Class A (a)   3,595   26,387
Genesco, Inc. (a)   3,579   267,530
Grand Canyon Education, Inc. (a)   7,198   293,462
Group 1 Automotive, Inc.   3,061   222,565
GrubHub, Inc. (a)   1,843   63,104
Guess?, Inc.   8,649   190,019
Haverty Furniture Cos., Inc.   2,955   64,389
Hibbett Sports, Inc. (a)   3,847   163,998
Hillenbrand, Inc.   9,233   285,207
Houghton Mifflin Harcourt Co. (a)   16,204   315,006
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 9
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
General Retailers (continued)
HSN, Inc.   4,675 $ 286,905
ITT Corp.   13,169   591,815
ITT Educational Services, Inc. (a)(b)   2,918   12,518
JC Penney Co., Inc. (a)   45,394   455,756
K12, Inc. (a)   4,637   74,007
KAR Auction Services, Inc.   20,842   596,706
Kirkland's, Inc. (a)   2,515   40,517
Lands' End, Inc. (a)   2,215   91,081
Learning Tree International, Inc. (a)   1,011   2,366
Liquidity Services, Inc. (a)   4,477   61,559
Lithia Motors, Inc., Class A   3,452   261,282
Lumber Liquidators Holdings, Inc. (a)   4,102   235,373
MarineMax, Inc. (a)   4,557   76,785
Matthews International Corp., Class A   4,391   192,721
Mattress Firm Holding Corp. (a)   1,533   92,072
The Men's Wearhouse, Inc.   6,640   313,541
The Michaels Cos., Inc. (a)   4,139   72,350
Monro Muffler Brake, Inc.   4,602   223,335
Murphy USA, Inc. (a)   6,282   333,323
Office Depot, Inc. (a)   71,929   369,715
Outerwall, Inc. (a)   3,035   170,264
Overstock.com, Inc. (a)   2,367   39,908
PCM, Inc. (a)   1,516   14,811
Penske Automotive Group, Inc.   6,156   249,872
The Pep Boys-Manny Moe & Jack (a)   7,918   70,549
Perfumania Holdings, Inc. (a)   1,362   8,649
Pier 1 Imports, Inc.   13,841   164,569
Pricesmart, Inc.   2,618   224,206
The Providence Service Corp. (a)   2,023   97,873
RadioShack Corp. (a)(b)   25,331   25,078
RealNetworks, Inc. (a)   6,577   45,710
Regis Corp.   5,946   94,898
Rent-A-Center, Inc.   7,455   226,259
Restoration Hardware Holdings, Inc. (a)   4,891   389,079
Rollins, Inc.   9,330   273,182
Rush Enterprises, Inc., Class A (a)   5,240   175,278
Sally Beauty Holdings, Inc. (a)   18,987   519,674
Sears Holdings Corp. (a)(b)   7,223   182,236
Service Corp. International   31,219   659,970
ServiceMaster Global Holdings, Inc. (a)   5,207   126,009
Shoe Carnival, Inc.   2,127   37,882
Shutterfly, Inc. (a)   5,972   291,075
Signet Jewelers Ltd.   11,533   1,313,724
SolarCity Corp. (a)   7,339   437,404
Sonic Automotive, Inc., Class A   5,131   125,761
Sotheby's   9,515   339,876
SP Plus Corp. (a)   2,950   55,932
Speed Commerce, Inc. (a)   10,106   27,792
             
Common Stocks
Shares		   Value
   
General Retailers (concluded)
Stage Stores, Inc.   4,498 $ 76,961
Stamps.com, Inc. (a)   2,745   87,181
Stein Mart, Inc.   4,383   50,624
Strayer Education, Inc. (a)   1,653   98,982
Tile Shop Holdings, Inc. (a)   2,757   25,502
Titan Machinery, Inc. (a)(b)   2,424   31,488
Trans World Entertainment Corp.   1,113   4,074
Tuesday Morning Corp. (a)   5,992   116,275
Ulta Salon Cosmetics & Fragrance, Inc. (a)   9,439   1,115,407
Valuevision Media, Inc., Class A (a)   8,069   41,394
VCA Antech, Inc. (a)   12,684   498,862
Weight Watchers International, Inc. (b)   4,375   120,050
West Marine, Inc. (a)   2,322   20,898
The Wet Seal, Inc., Class A (a)(b)   15,586   8,190
Williams-Sonoma, Inc.   12,757   849,233
Winmark Corp.   574   42,189
Zumiez, Inc. (a)   3,449   96,917
   
    28,924,901
   
Health Care Equipment & Services — 5.0%
Abaxis, Inc.   3,187   161,613
Abiomed, Inc. (a)   5,767   143,195
Acadia Healthcare Co., Inc. (a)   7,158   347,163
Accuray, Inc. (a)   11,390   82,691
Addus HomeCare Corp. (a)   1,515   29,694
Air Methods Corp. (a)   5,450   302,747
Alere, Inc. (a)   11,957   463,692
Align Technology, Inc. (a)   10,903   563,467
Alliance HealthCare Services, Inc. (a)   2,209   49,945
Almost Family, Inc. (a)   1,625   44,151
Alphatec Holdings, Inc. (a)   20,207   34,352
Amedisys, Inc. (a)   5,610   113,154
American Caresource Holdings, Inc. (a)   2,753   8,259
Amsurg Corp. (a)   4,964   248,448
Analogic Corp.   1,828   116,919
AngioDynamics, Inc. (a)   4,266   58,530
Anika Therapeutics, Inc. (a)   2,272   83,292
Antares Pharma, Inc. (a)(b)   22,489   41,155
AtriCure, Inc. (a)   4,748   69,891
Atrion Corp.   236   71,982
Baxano Surgical, Inc. (a)   4,594   841
Bio-Rad Laboratories, Inc., Class A (a)   3,008   341,107
Bio-Reference Laboratories, Inc. (a)   3,943   110,641
Biolase, Inc. (a)   11,125   27,701
BioScrip, Inc. (a)   10,652   73,605
BioTelemetry, Inc. (a)   5,176   34,731
Bovie Medical Corp. (a)   5,924   23,637
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 10
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Health Care Equipment & Services (continued)
Brookdale Senior Living, Inc. (a)   25,123 $ 809,463
Bruker Corp. (a)   16,707   309,330
BSD Medical Corp. (a)   10,340   5,837
Cantel Medical Corp.   5,342   183,658
Capital Senior Living Corp. (a)   4,670   99,144
Cardica, Inc. (a)   26,645   28,510
Cardiovascular Systems, Inc. (a)   5,064   119,662
Centene Corp. (a)   8,529   705,434
Cepheid, Inc. (a)   10,525   463,416
CollabRx, Inc. (a)   1,314   1,419
Community Health Systems, Inc. (a)(b)   17,082   935,923
CONMED Corp.   4,155   153,070
The Cooper Cos., Inc.   7,042   1,096,791
Corvel Corp. (a)   1,892   64,423
Covance, Inc. (a)   8,422   662,811
CryoLife, Inc.   4,639   45,787
Cutera, Inc. (a)   3,451   34,855
Cyberonics, Inc. (a)   3,779   193,334
Cynosure, Inc., Class A (a)   3,272   68,712
DexCom, Inc. (a)   10,627   424,974
Echo Therapeutics, Inc. (a)(b)   2,662   2,236
Endologix, Inc. (a)   10,545   111,777
The Ensign Group, Inc.   3,034   105,583
Envision Healthcare Holdings, Inc. (a)   15,175   526,269
Escalon Medical Corp. (a)   1,399   2,224
Exactech, Inc. (a)   1,661   38,020
Five Star Quality Care, Inc. (a)   7,271   27,412
Fluidigm Corp. (a)   4,704   115,248
Fonar Corp. (a)   1,754   19,312
GenMark Diagnostics, Inc. (a)   7,955   71,356
Gentiva Health Services, Inc. (a)   5,338   89,572
Globus Medical, Inc., Class A (a)   8,779   172,683
Haemonetics Corp. (a)   7,730   269,932
Hanger, Inc. (a)   5,275   108,243
Harvard Apparatus Regenerative Technology, Inc. (a)   3,656   29,614
HCA Holdings, Inc. (a)   44,198   3,116,843
Health Net, Inc. (a)   11,784   543,360
Healthcare Services Group, Inc.   10,521   301,006
HealthSouth Corp.   13,261   489,331
HealthStream, Inc. (a)   3,505   84,155
Healthways, Inc. (a)   5,860   93,877
HeartWare International, Inc. (a)   2,540   197,180
Henry Schein, Inc. (a)   12,294   1,431,882
Hill-Rom Holdings, Inc.   8,350   345,940
HMS Holdings Corp. (a)   13,163   248,123
Hologic, Inc. (a)   36,103   878,386
Hooper Holmes, Inc. (a)   9,589   5,824
ICU Medical, Inc. (a)   1,995   128,039
IDEXX Laboratories, Inc. (a)   7,412   873,356
Insulet Corp. (a)   8,701   320,632
             
Common Stocks
Shares		   Value
   
Health Care Equipment & Services (continued)
Integra LifeSciences Holdings Corp. (a)   3,596 $ 178,505
Invacare Corp.   4,474   52,838
IPC The Hospitalist Co., Inc. (a)   2,772   124,158
Kindred Healthcare, Inc.   8,223   159,526
LDR Holding Corp. (a)   1,153   35,893
LHC Group, Inc. (a)   1,911   44,335
LifePoint Hospitals, Inc. (a)   6,660   460,805
Magellan Health Services, Inc. (a)   3,844   210,382
Masimo Corp. (a)   7,574   161,175
Medical Action Industries, Inc. (a)   3,105   42,787
MEDNAX, Inc. (a)   14,859   814,570
MELA Sciences, Inc. (a)   782   1,345
Meridian Bioscience, Inc.   6,734   119,124
Merit Medical Systems, Inc. (a)   6,737   80,036
Molina Healthcare, Inc. (a)   4,295   181,678
National Healthcare Corp.   1,141   63,337
Natus Medical, Inc. (a)   4,670   137,812
Navidea Biopharmaceuticals, Inc. (a)(b)   30,416   40,149
Neogen Corp. (a)   5,868   231,786
NeuroMetrix, Inc. (a)   2,033   3,659
NuVasive, Inc. (a)   7,180   250,367
NxStage Medical, Inc. (a)   9,415   123,619
Omnicell, Inc. (a)   5,807   158,705
OraSure Technologies, Inc. (a)   10,130   73,139
Orthofix International NV (a)   3,072   95,109
Owens & Minor, Inc.   8,724   285,624
PAREXEL International Corp. (a)   8,024   506,234
PharMerica Corp. (a)   4,711   115,090
Psychemedics Corp.   1,801   25,628
Quidel Corp. (a)   4,664   125,322
RadNet, Inc. (a)   5,911   39,131
ResMed, Inc.   20,324   1,001,363
Retractable Technologies, Inc. (a)   3,653   10,594
Rockwell Medical, Inc. (a)(b)   6,648   60,763
RTI Surgical, Inc. (a)   10,112   48,335
Select Medical Holdings Corp.   10,084   121,311
Sirona Dental Systems, Inc. (a)   8,135   623,792
Skilled Healthcare Group, Inc., Class A (a)   4,337   28,624
Spectranetics Corp. (a)   6,589   175,070
Staar Surgical Co. (a)   5,027   53,437
STERIS Corp.   8,488   458,012
SurModics, Inc. (a)   2,327   42,258
Symmetry Medical, Inc. (a)   6,089   61,438
Team Health Holdings, Inc. (a)   10,392   602,632
Teleflex, Inc.   6,015   631,816
Thoratec Corp. (a)   8,482   226,724
Tornier NV (a)   3,759   89,840
Triple-S Management Corp., Class B (a)   3,073   61,153
U.S. Physical Therapy, Inc.   1,930   68,303
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 11
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Health Care Equipment & Services (concluded)
Unilife Corp. (a)(b)   19,019 $ 43,649
Universal American Corp. (a)   7,080   56,923
Uroplasty, Inc. (a)   8,634   21,585
Utah Medical Products, Inc.   725   35,351
Vascular Solutions, Inc. (a)   3,105   76,694
Vision-Sciences, Inc. (a)   14,475   13,896
Volcano Corp. (a)   8,663   92,174
WellCare Health Plans, Inc. (a)   6,436   388,348
West Pharmaceutical Services, Inc.   10,030   448,943
Wright Medical Group, Inc. (a)   7,889   239,037
Zeltiq Aesthetics, Inc. (a)   3,199   72,393
   
    31,596,897
   
Household Goods & Home Construction — 1.7%
ACCO Brands Corp. (a)   18,141   125,173
Bassett Furniture Industries, Inc.   2,150   29,369
Beazer Homes USA, Inc. (a)   4,476   75,107
Blount International, Inc. (a)   7,808   118,135
Briggs & Stratton Corp.   6,754   121,707
Cavco Industries, Inc. (a)   1,223   83,164
Central Garden and Pet Co., Class A (a)   7,098   57,068
Church & Dwight Co., Inc.   19,643   1,378,153
Compx International, Inc.   1,034   10,650
Comstock Holdings Cos., Inc. (a)   12,106   13,559
The Dixie Group, Inc. (a)   2,900   25,143
Energizer Holdings, Inc.   9,029   1,112,463
Ethan Allen Interiors, Inc.   3,943   89,900
Flexsteel Industries, Inc.   965   32,550
Forward Industries, Inc. (a)   2,823   3,755
Herman Miller, Inc.   8,835   263,725
HNI Corp.   6,700   241,133
Hooker Furniture Corp.   1,876   28,534
Hovnanian Enterprises, Inc., Class A (a)   21,351   78,358
Interface, Inc.   9,120   147,197
iRobot Corp. (a)   4,579   139,431
Jarden Corp. (a)   17,693   1,063,526
KB Home   12,864   192,188
Knoll, Inc.   7,374   127,644
La-Z-Boy, Inc.   8,038   159,072
Libbey, Inc. (a)   3,813   100,129
Lifetime Brands, Inc.   1,440   22,046
M/I Homes, Inc. (a)   4,013   79,538
MDC Holdings, Inc.   6,036   152,832
Meritage Homes Corp. (a)   5,757   204,374
National Presto Industries, Inc.   930   56,460
NVR, Inc. (a)   612   691,572
Oil-Dri Corp. of America   858   22,368
The Ryland Group, Inc.   7,317   243,217
The Scotts Miracle-Gro Co., Class A   6,513   358,215
Select Comfort Corp. (a)   8,402   175,770
Spectrum Brands Holdings, Inc.   3,200   289,696
             
Common Stocks
Shares		   Value
   
Household Goods & Home Construction (concluded)
Standard Pacific Corp. (a)   23,580 $ 176,614
Steelcase, Inc., Class A   9,078   146,973
Taylor Morrison Home Corp., Class A (a)   4,488   72,795
Tempur Sealy International, Inc. (a)   9,199   516,708
Toll Brothers, Inc. (a)   24,196   753,947
TRI Pointe Homes, Inc. (a)   21,980   284,421
Tupperware Brands Corp.   7,507   518,283
Virco Manufacturing Corp. (a)   2,505   6,538
WD-40 Co.   2,105   143,056
William Lyon Homes, Class A (a)   1,192   26,343
   
    10,758,599
   
Industrial Engineering — 3.0%
Accuride Corp. (a)   8,723   33,060
AGCO Corp.   12,396   563,522
Alamo Group, Inc.   1,182   48,462
Albany International Corp., Class A   4,299   146,338
Altra Industrial Motion Corp.   4,066   118,565
American Railcar Industries, Inc.   1,354   100,088
Astec Industries, Inc.   2,477   90,336
The Babcock & Wilcox Co.   15,592   431,743
Broadwind Energy, Inc. (a)   2,781   20,830
Ceco Environmental Corp.   2,961   39,677
Chicago Rivet & Machine Co.   494   15,314
CIRCOR International, Inc.   2,688   180,983
CLARCOR, Inc.   7,116   448,877
Colfax Corp. (a)   14,090   802,707
Columbus McKinnon Corp.   2,933   64,497
Commercial Vehicle Group, Inc. (a)   5,294   32,717
Crane Co.   7,181   453,911
Donaldson Co., Inc.   19,157   778,349
Douglas Dynamics, Inc.   3,742   72,969
Dynamic Materials Corp.   2,036   38,786
Energy Recovery, Inc. (a)   7,684   27,201
EnPro Industries, Inc. (a)   3,303   199,931
Federal Signal Corp.   9,847   130,374
Franklin Electric Co., Inc.   5,549   192,772
FreightCar America, Inc.   1,751   58,308
GATX Corp.   6,431   375,377
The Gorman-Rupp Co.   2,838   85,254
Graco, Inc.   8,847   645,654
Graham Corp.   1,902   54,683
The Greenbrier Cos., Inc.   3,794   278,404
H&E Equipment Services, Inc.   4,783   192,659
Hurco Cos., Inc.   1,150   43,309
Hyster-Yale Materials Handling, Inc.   1,589   113,804
IDEX Corp.   11,544   835,439
John Bean Technologies Corp.   4,210   118,427
Kadant, Inc.   1,829   71,422
Kennametal, Inc.   11,534   476,470
Key Technology, Inc. (a)   998   13,074
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 12
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Industrial Engineering (concluded)
Kimball International, Inc., Class B   4,589 $ 69,064
Lincoln Electric Holdings, Inc.   11,379   786,687
Lindsay Corp. (b)   1,924   143,819
Lydall, Inc. (a)   3,024   81,678
Manitex International, Inc. (a)   2,717   30,675
The Manitowoc Co., Inc.   19,929   467,335
Materion Corp.   3,097   94,985
Meritor, Inc. (a)   15,283   165,821
MFRI, Inc. (a)   1,937   18,363
The Middleby Corp. (a)   8,454   745,051
Miller Industries, Inc.   1,717   29,017
MSA Safety, Inc.   4,526   223,584
Mueller Industries, Inc.   8,298   236,825
NACCO Industries, Inc., Class A   799   39,734
Navistar International Corp. (a)   10,412   342,659
NN, Inc.   2,760   73,747
Nordson Corp.   8,568   651,768
Oshkosh Corp.   12,670   559,381
PMFG, Inc. (a)   4,561   22,805
Proto Labs, Inc. (a)   3,441   237,429
Spartan Motors, Inc.   4,844   22,621
SPX Corp.   6,169   579,454
Standex International Corp.   1,941   143,906
Sun Hydraulics Corp.   3,649   137,166
Tennant Co.   2,738   183,692
Terex Corp.   16,499   524,173
The Timken Co.   11,043   468,113
TimkenSteel Corp.   5,808   270,014
The Toro Co.   8,399   497,473
Trinity Industries, Inc.   22,679   1,059,563
Twin Disc, Inc.   1,357   36,585
Wabash National Corp. (a)   10,790   143,723
Wabtec Corp.   14,117   1,144,042
Woodward, Inc.   8,217   391,294
   
    19,016,539
   
Industrial Metals & Mining — 0.8%
AK Steel Holding Corp. (a)   23,581   188,884
Ampco-Pittsburgh Corp.   1,402   28,040
Carpenter Technology Corp.   7,727   348,874
Century Aluminum Co. (a)   7,937   206,124
Cliffs Natural Resources, Inc. (b)   22,958   238,304
Commercial Metals Co.   17,156   292,853
Friedman Industries, Inc.   2,787   22,157
Globe Specialty Metals, Inc.   9,757   177,480
Handy & Harman Ltd. (a)   940   24,684
Haynes International, Inc.   1,874   86,185
Horsehead Holding Corp. (a)   8,576   141,761
Kaiser Aluminum Corp.   2,717   207,090
McEwen Mining, Inc. (a)   39,235   76,901
Noranda Aluminum Holding Corp.   10,483   47,383
Olympic Steel, Inc.   1,597   32,850
Reliance Steel & Aluminum Co.   11,249   769,432
             
Common Stocks
Shares		   Value
   
Industrial Metals & Mining (concluded)
RTI International Metals, Inc. (a)   4,899 $ 120,809
Steel Dynamics, Inc.   32,856   742,874
Synalloy Corp.   2,147   37,358
United States Steel Corp.   21,421   839,060
Universal Stainless & Alloy Products, Inc. (a)   1,302   34,321
Uranium Energy Corp. (a)(b)   19,733   24,666
Worthington Industries, Inc.   7,462   277,736
   
    4,965,826
   
Industrial Transportation — 1.5%
Air Lease Corp.   13,461   437,482
Air Transport Services Group, Inc. (a)   8,433   61,392
Aircastle Ltd.   9,655   157,956
ArcBest Corp.   3,738   139,427
Atlas Air Worldwide Holdings, Inc. (a)   3,637   120,094
Baltic Trading Ltd.   8,240   34,114
CAI International, Inc. (a)   2,930   56,695
Celadon Group, Inc.   3,676   71,498
Con-way, Inc.   8,242   391,495
Covenant Transportation Group, Inc., Class A (a)   1,989   36,975
Echo Global Logistics, Inc. (a)   2,581   60,783
Forward Air Corp.   4,305   192,993
Genesee & Wyoming, Inc., Class A (a)   7,608   725,118
Heartland Express, Inc.   7,267   174,117
Hub Group, Inc., Class A (a)   5,073   205,609
JB Hunt Transport Services, Inc.   13,339   987,753
Kirby Corp. (a)   8,403   990,294
Knight Transportation, Inc.   8,454   231,555
Landstar System, Inc.   6,377   460,356
Marten Transport Ltd.   3,567   63,528
Matson, Inc.   6,067   151,857
Old Dominion Freight Line, Inc. (a)   10,049   709,861
PAM Transportation Services, Inc. (a)   840   30,450
Patriot Transportation Holding, Inc. (a)   1,004   34,056
PHH Corp. (a)   8,287   185,297
Quality Distribution, Inc. (a)   5,040   64,411
Rand Logistics, Inc. (a)   5,032   28,682
Roadrunner Transportation Systems, Inc. (a)   4,005   91,274
Saia, Inc. (a)   3,719   184,314
Swift Transportation Co. (a)   13,024   273,244
TAL International Group, Inc. (a)   5,188   214,005
Teekay Corp.   5,878   390,064
Textainer Group Holdings Ltd.   2,471   76,898
Universal Truckload Services, Inc.   912   22,116
USA Truck, Inc. (a)   1,622   28,434
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 13
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Industrial Transportation (concluded)
UTI Worldwide, Inc. (a)   13,413 $ 142,580
Werner Enterprises, Inc.   5,884   148,277
Wesco Aircraft Holdings, Inc. (a)   8,498   147,865
Willis Lease Finance Corp. (a)   1,351   27,723
World Fuel Services Corp.   10,958   437,443
XPO Logistics, Inc. (a)   8,134   306,408
YRC Worldwide, Inc. (a)   4,194   85,222
   
    9,379,715
   
Leisure Goods — 0.9%
Activision Blizzard, Inc.   71,539   1,487,296
Arctic Cat, Inc.   2,143   74,619
Black Diamond, Inc. (a)   4,738   35,819
Brunswick Corp.   13,454   566,952
Callaway Golf Co.   11,826   85,620
Drew Industries, Inc.   3,266   137,793
DTS, Inc. (a)   3,097   78,199
Escalade, Inc.   2,070   24,964
Glu Mobile, Inc. (a)   16,419   84,886
GoPro, Inc., Class A (a)(b)   2,321   217,478
Koss Corp.   1,133   2,289
LeapFrog Enterprises, Inc. (a)   9,036   54,126
Marine Products Corp.   3,058   24,128
Nautilus, Inc. (a)   5,339   63,908
Polaris Industries, Inc.   8,843   1,324,593
Pool Corp.   6,348   342,284
RealD, Inc. (a)   7,701   72,158
Skullcandy, Inc. (a)   3,869   30,139
Take-Two Interactive Software, Inc. (a)   12,579   290,198
Thor Industries, Inc.   6,530   336,295
TiVo, Inc. (a)   17,551   224,565
Universal Electronics, Inc. (a)   2,531   124,955
Winnebago Industries, Inc. (a)   4,475   97,421
   
    5,780,685
   
Life Insurance — 0.5%
American Equity Investment Life Holding Co.   10,862   248,523
Amerisafe, Inc.   3,237   126,599
Atlantic American Corp.   2,927   11,649
Citizens, Inc. (a)   8,623   55,705
CNO Financial Group, Inc.   30,412   515,788
eHealth, Inc. (a)   2,999   72,366
Employers Holdings, Inc.   4,927   94,845
FBL Financial Group, Inc., Class A   1,432   64,010
Independence Holding Co.   2,342   31,125
Kansas City Life Insurance Co.   643   28,517
National Western Life Insurance Co., Class A   341   84,230
The Phoenix Cos., Inc. (a)   1,083   60,713
Primerica, Inc.   7,800   376,116
Protective Life Corp.   11,486   797,243
             
Common Stocks
Shares		   Value
   
Life Insurance (concluded)
StanCorp Financial Group, Inc.   6,133 $ 387,483
Symetra Financial Corp.   13,577   316,751
   
    3,271,663
   
Media — 4.2%
Acxiom Corp. (a)   11,735   194,214
AH Belo Corp.   3,599   38,401
AMC Networks, Inc., Class A (a)   9,057   529,110
Ascent Capital Group, Inc., Class A (a)   2,129   128,166
Bankrate, Inc. (a)   9,127   103,683
Beasley Broadcasting Group, Inc., Class A   1,165   6,244
CBS Outdoor Americas, Inc.   17,955   537,573
Charter Communications, Inc., Class A (a)   11,178   1,692,014
Clear Channel Outdoor Holdings, Inc., Class A   6,448   43,460
ComScore, Inc. (a)   5,530   201,347
Constant Contact, Inc. (a)   4,980   135,157
Conversant, Inc. (a)   9,152   313,456
Courier Corp.   2,399   29,556
Crown Media Holdings, Inc., Class A (a)   9,805   31,376
CSS Industries, Inc.   1,461   35,429
CTN Media Group, Inc. (a)   50   —
Cumulus Media, Inc., Class A (a)   18,856   75,990
DISH Network Corp., Class A (a)   31,059   2,005,790
Dolby Laboratories, Inc., Class A (a)   6,244   260,937
DreamWorks Animation SKG, Inc., Class A (a)   10,884   296,807
Emmis Communications Corp., Class A (a)   10,615   22,398
Entercom Communications Corp., Class A (a)   3,775   30,313
Entravision Communications Corp., Class A   10,808   42,800
EW Scripps Co. (a)   5,048   82,333
FactSet Research Systems, Inc.   5,687   691,141
Global Eagle Entertainment, Inc. (a)   4,668   52,375
Graham Holdings Co., Class B   641   448,437
Gray Television, Inc. (a)   8,001   63,048
Groupon, Inc. (a)   59,764   399,223
Harte-Hanks, Inc.   6,749   42,991
IHS, Inc., Class A (a)   9,344   1,169,775
John Wiley & Sons, Inc., Class A   6,562   368,194
Journal Communications, Inc., Class A (a)   6,809   57,400
Lamar Advertising Co., Class A   10,357   510,082
Liberty Global PLC (a)   76,869   3,152,782
Liberty Global PLC, Class A (a)   31,450   1,337,883
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 14
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Media (concluded)
Liberty Interactive Corp., Series A (a)   68,909 $ 1,965,285
Liberty Media Corp., Class A (a)   14,534   685,714
Liberty Media Corp., Class C (a)   29,341   1,378,734
Liberty Ventures, Series A (a)   10,505   398,770
Lions Gate Entertainment Corp.   11,776   388,255
Live Nation Entertainment, Inc. (a)   21,903   526,110
Local Corp. (a)   13,417   26,834
Marchex, Inc., Class B   5,246   21,771
Martha Stewart Living Omnimedia, Class A (a)   6,396   23,026
The McClatchy Co., Class A (a)   10,903   36,634
Media General, Inc., Class A (a)   6,966   91,324
Meredith Corp.   5,493   235,100
Morningstar, Inc.   3,077   208,928
National CineMedia, Inc.   10,222   148,321
New Media Investment Group, Inc.   1,715   28,520
The New York Times Co., Class A   18,910   212,170
Nexstar Broadcasting Group, Inc., Class A   4,695   189,772
Pandora Media, Inc. (a)   26,311   635,674
PDI, Inc. (a)   2,543   6,103
QuinStreet, Inc. (a)   7,427   30,822
RetailMeNot, Inc. (a)   5,282   85,357
Saga Communications, Inc., Class A   1,186   39,826
Scholastic Corp.   3,799   122,784
Sinclair Broadcast Group, Inc., Class A   10,956   285,842
Sirius XM Holdings, Inc. (a)   389,956   1,360,946
Sizmek, Inc. (a)   4,901   37,934
Spanish Broadcasting System, Inc. (a)   2,333   9,799
SPAR Group, Inc. (a)   3,165   4,842
Starz, Class A (a)   12,355   408,703
TechTarget, Inc. (a)   4,373   37,564
TheStreet, Inc.   13,786   30,881
Time, Inc. (a)   15,923   373,076
Tribune Publishing Co. (a)   2,998   60,500
Value Line, Inc.   1,830   29,225
WebMD Health Corp. (a)   7,311   305,673
XO Group, Inc. (a)   5,191   58,191
Yelp, Inc. (a)   9,028   616,161
   
    26,235,056
   
Mining — 0.5%
Allied Nevada Gold Corp. (a)(b)   18,252   60,414
Alpha Natural Resources, Inc. (a)   33,676   83,517
Arch Coal, Inc.   32,421   68,733
Cloud Peak Energy, Inc. (a)   9,192   116,003
Coeur Mining, Inc. (a)   16,289   80,793
Compass Minerals International, Inc.   4,861   409,685
             
Common Stocks
Shares		   Value
   
Mining (concluded)
General Moly, Inc. (a)   16,768 $ 12,492
Golden Minerals Co. (a)(b)   9,302   5,953
Hecla Mining Co.   55,170   136,822
Molycorp, Inc. (a)(b)   32,220   38,342
Peabody Energy Corp.   39,522   489,282
Royal Gold, Inc.   9,743   632,710
Solitario Exploration & Royalty Corp. (a)   15,315   18,378
Stillwater Mining Co. (a)   18,398   276,522
SunCoke Energy, Inc. (a)   10,679   239,744
Timberline Resources Corp. (a)   15,011   1,171
U.S. Silica Holdings, Inc.   7,972   498,330
Walter Energy, Inc.   10,822   25,323
Westmoreland Coal Co. (a)   2,842   106,319
   
    3,300,533
   
Mobile Telecommunications — 0.8%
Atlantic Tele-Network, Inc.   1,546   83,329
Globalstar, Inc. (a)   32,480   118,877
Iridium Communications, Inc. (a)   12,372   109,492
nTelos Holdings Corp.   3,146   33,473
ORBCOMM, Inc. (a)   8,002   46,012
SBA Communications Corp., Class A (a)   19,147   2,123,402
Shenandoah Telecommunications Co.   3,515   87,207
Spok Holdings, Inc.   3,856   50,167
Sprint Corp. (a)   115,777   734,026
T-Mobile U.S., Inc. (a)   38,648   1,115,768
Telephone & Data Systems, Inc.   13,697   328,180
United States Cellular Corp. (a)   1,525   54,107
   
    4,884,040
   
Nonlife Insurance — 3.3%
Alleghany Corp. (a)   2,519   1,053,320
Allied World Assurance Co. Holdings AG   14,200   523,128
Ambac Financial Group, Inc. (a)   6,424   141,970
American Financial Group, Inc.   10,489   607,208
American National Insurance Co.   539   60,584
Amtrust Financial Services, Inc. (b)   4,609   183,530
Arch Capital Group Ltd. (a)   17,366   950,267
Argo Group International Holdings Ltd.   3,886   195,505
Arthur J Gallagher & Co.   23,297   1,056,752
Aspen Insurance Holdings Ltd.   9,578   409,651
Assured Guaranty Ltd.   24,148   535,120
Axis Capital Holdings Ltd.   15,396   728,693
Baldwin & Lyons, Inc., Class B   1,784   44,065
Brown & Brown, Inc.   17,572   564,940
CNA Financial Corp.   3,530   134,246
Donegal Group, Inc., Class A   1,871   28,739
EMC Insurance Group, Inc.   901   26,021
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 15
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Nonlife Insurance (concluded)
Endurance Specialty Holdings Ltd.   6,510 $ 359,222
Enstar Group Ltd. (a)   1,419   193,438
Erie Indemnity Co., Class A   3,698   280,345
Everest Re Group Ltd.   6,481   1,049,987
Federated National Holding Co.   2,731   76,714
First Acceptance Corp. (a)   8,599   21,411
First American Financial Corp.   15,711   426,082
Global Indemnity PLC (a)   1,973   49,779
Greenlight Capital Re Ltd. (a)   4,911   159,165
The Hanover Insurance Group, Inc.   6,420   394,316
HCC Insurance Holdings, Inc.   14,899   719,473
Hilltop Holdings, Inc. (a)   11,293   226,425
Horace Mann Educators Corp.   6,108   174,139
Infinity Property & Casualty Corp.   1,707   109,265
Kemper Corp.   7,376   251,890
Life Partners Holdings, Inc.   4,344   8,688
Maiden Holdings Ltd.   8,194   90,790
Markel Corp. (a)   2,117   1,346,730
MBIA, Inc. (a)   21,893   200,978
Meadowbrook Insurance Group, Inc.   7,057   41,283
Mercury General Corp.   3,553   173,422
Montpelier Re Holdings Ltd.   6,509   202,365
National General Holdings Corp.   6,931   117,065
National Interstate Corp.   2,185   60,961
The Navigators Group, Inc. (a)   1,693   104,119
Old Republic International Corp.   36,358   519,192
OneBeacon Insurance Group Ltd.   2,550   39,295
PartnerRe Ltd.   6,881   756,153
Platinum Underwriters Holdings Ltd.   4,148   252,489
ProAssurance Corp.   8,956   394,691
Reinsurance Group of America, Inc.   9,829   787,598
RenaissanceRe Holdings Ltd.   5,897   589,641
RLI Corp.   5,342   231,255
Safety Insurance Group, Inc.   2,120   114,289
Selective Insurance Group, Inc.   8,290   183,541
State Auto Financial Corp.   2,450   50,249
Third Point Reinsurance Ltd. (a)   3,733   54,315
United Fire Group, Inc.   3,306   91,808
Universal Insurance Holdings, Inc.   5,132   66,357
Validus Holdings Ltd.   13,709   536,570
W.R. Berkley Corp.   15,262   729,524
White Mountains Insurance Group Ltd.   817   514,767
Willis Group Holdings PLC   25,520   1,056,528
   
    21,050,053
   
Oil & Gas Producers — 3.7%
Abraxas Petroleum Corp. (a)   16,317   86,154
Adams Resources & Energy, Inc.   460   20,373
Alon USA Energy, Inc.   3,887   55,817
             
Common Stocks
Shares		   Value
   
Oil & Gas Producers (continued)
Apco Oil and Gas International, Inc. (a)   2,992 $ 38,567
Approach Resources, Inc. (a)   5,719   82,926
Athlon Energy, Inc. (a)   8,580   499,613
Barnwell Industries, Inc. (a)   1,930   4,960
Bill Barrett Corp. (a)   7,950   175,218
Bonanza Creek Energy, Inc. (a)   4,674   265,951
BPZ Resources, Inc. (a)   22,864   43,670
Callon Petroleum Co. (a)   7,999   70,471
Carrizo Oil & Gas, Inc. (a)   6,520   350,906
Cheniere Energy, Inc. (a)   32,427   2,595,133
Clayton Williams Energy, Inc. (a)   984   94,907
Cobalt International Energy, Inc. (a)   44,584   606,342
Comstock Resources, Inc.   7,198   134,027
Concho Resources, Inc. (a)   16,513   2,070,565
Contango Oil & Gas Co. (a)   2,387   79,344
Continental Resources, Inc. (a)   12,661   841,703
CVR Energy, Inc.   2,530   113,167
Delek U.S. Holdings, Inc.   7,735   256,183
Diamondback Energy, Inc. (a)   7,754   579,844
Eclipse Resources Corp. (a)   4,425   73,544
Emerald Oil, Inc. (a)(b)   10,123   62,256
Endeavour International Corp. (a)   12,052   3,604
Energen Corp.   10,795   779,831
Energy XXI Bermuda Ltd.   14,483   164,382
EP Energy Corp., Class A (a)   3,312   57,894
Era Group, Inc. (a)   3,179   69,143
Escalera Resources Co. (a)   6,258   11,890
Evolution Petroleum Corp.   5,834   53,556
EXCO Resources, Inc.   28,887   96,483
Forest Oil Corp. (a)   23,888   27,949
FX Energy, Inc. (a)   13,494   41,022
Gastar Exploration, Inc. (a)   10,078   59,158
Goodrich Petroleum Corp. (a)(b)   5,844   86,608
Gulfport Energy Corp. (a)   12,833   685,282
Halcon Resources Corp. (a)(b)   39,882   157,933
Harvest Natural Resources, Inc. (a)   7,655   28,094
HollyFrontier Corp.   29,760   1,299,917
Houston American Energy Corp. (a)   5,104   1,557
Isramco, Inc. (a)(b)   353   43,122
Kodiak Oil & Gas Corp. (a)   40,176   545,188
Kosmos Energy Ltd. (a)   16,595   165,286
Laredo Petroleum, Inc. (a)   10,891   244,067
Magellan Petroleum Corp. (a)   18,301   38,981
Magnum Hunter Resources Corp. (a)   26,868   149,655
Matador Resources Co. (a)   9,966   257,621
Memorial Resource Development Corp. (a)   6,165   167,133
Midstates Petroleum Co., Inc. (a)   5,262   26,573
Miller Energy Resources, Inc. (a)(b)   7,135   31,394
Northern Oil and Gas, Inc. (a)   9,819   139,626
Oasis Petroleum, Inc. (a)   14,918   623,722
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 16
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Oil & Gas Producers (concluded)
Pacific Ethanol, Inc. (a)   3,564 $ 49,753
Panhandle Oil and Gas, Inc.   1,353   80,774
Parsley Energy, Inc., Class A (a)   7,203   153,640
PBF Energy, Inc.   12,709   305,016
PDC Energy, Inc. (a)   5,632   283,233
Penn Virginia Corp. (a)   9,388   119,321
PetroQuest Energy, Inc. (a)   11,732   65,934
Pioneer Energy Services Corp. (a)   10,165   142,513
PostRock Energy Corp. (a)   4,012   4,654
Quicksilver Resources, Inc. (a)   27,437   16,539
Resolute Energy Corp. (a)   11,641   72,989
Rex Energy Corp. (a)   7,757   98,281
Ring Energy, Inc. (a)   2,314   34,108
Rosetta Resources, Inc. (a)   9,456   421,359
RSP Permian, Inc. (a)   3,991   102,010
Sanchez Energy Corp. (a)   7,713   202,543
SandRidge Energy, Inc. (a)(b)   56,754   243,475
SemGroup Corp., Class A   6,691   557,160
SM Energy Co.   10,049   783,822
Stone Energy Corp. (a)   8,175   256,368
Swift Energy Co. (a)   6,841   65,674
Syntroleum Corp. (a)   2,214   1,970
Targa Resources Corp.   4,457   606,910
Triangle Petroleum Corp. (a)   10,105   111,256
Ultra Petroleum Corp. (a)(b)   23,153   538,539
Vaalco Energy, Inc. (a)   9,110   77,435
W&T Offshore, Inc.   5,629   61,919
Warren Resources, Inc. (a)   13,542   71,773
Western Refining, Inc.   10,008   420,236
Whiting Petroleum Corp. (a)   17,490   1,356,350
WPX Energy, Inc. (a)   30,349   730,197
ZaZa Energy Corp. (a)   1   4
Zion Oil & Gas, Inc. (a)(b)   12,444   21,404
   
    23,315,471
   
Oil Equipment, Services & Distribution — 2.6%
Atwood Oceanics, Inc. (a)   8,724   381,152
Basic Energy Services, Inc. (a)   5,297   114,892
Bolt Technology Corp.   2,248   49,321
Bristow Group, Inc.   5,153   346,282
C&J Energy Services, Inc. (a)   7,389   225,734
Cal Dive International, Inc. (a)(b)   19,235   18,658
CARBO Ceramics, Inc.   2,969   175,854
Chart Industries, Inc. (a)   4,551   278,203
Civeo Corp.   16,120   187,153
Core Laboratories NV   6,458   945,128
Dakota Plains Holdings, Inc. (a)   7,861   18,866
Dawson Geophysical Co.   1,311   23,834
DHT Holdings, Inc.   9,761   60,128
Dresser-Rand Group, Inc. (a)   11,487   944,921
Dril-Quip, Inc. (a)   5,938   530,857
Exterran Holdings, Inc.   9,039   400,518
Flotek Industries, Inc. (a)   7,402   192,970
             
Common Stocks
Shares		   Value
   
Oil Equipment, Services & Distribution (concluded)
Forum Energy Technologies, Inc. (a)   9,191 $ 281,336
Frank's International NV   1,985   37,119
Geospace Technologies Corp. (a)   2,032   71,425
Glori Energy, Inc. (a)(b)   3,868   30,557
Gulf Island Fabrication, Inc.   1,934   33,265
Gulfmark Offshore, Inc., Class A   3,659   114,710
Helix Energy Solutions Group, Inc. (a)   14,959   329,995
Hercules Offshore, Inc. (a)   24,567   54,047
Hornbeck Offshore Services, Inc. (a)   5,026   164,501
ION Geophysical Corp. (a)   21,270   59,343
Key Energy Services, Inc. (a)   19,538   94,564
Matrix Service Co. (a)   4,402   106,176
McDermott International, Inc. (a)   35,472   202,900
Mitcham Industries, Inc. (a)   2,357   26,045
MRC Global, Inc. (a)   15,474   360,854
Natural Gas Services Group, Inc. (a)   2,416   58,153
Newpark Resources, Inc. (a)   13,319   165,688
NOW, Inc. (a)   15,925   484,279
Oceaneering International, Inc.   15,745   1,026,102
OGE Energy Corp.   29,151   1,081,794
Oil States International, Inc. (a)   8,270   511,913
Par Petroleum Corp. (a)   1,387   23,371
Paragon Offshore PLC (a)(b)   12,673   77,939
Parker Drilling Co. (a)   19,733   97,481
Patterson-UTI Energy, Inc.   21,247   691,165
PHI, Inc. (a)   2,122   87,320
Rowan Cos. PLC, Class A   18,357   464,616
RPC, Inc.   9,161   201,176
SEACOR Holdings, Inc. (a)   2,751   205,775
Seventy Seven Energy, Inc. (a)   5,432   128,956
Superior Energy Services, Inc.   23,094   759,100
Tesco Corp.   4,864   96,550
TETRA Technologies, Inc. (a)   12,273   132,794
Tidewater, Inc.   7,273   283,865
Unit Corp. (a)   6,614   387,911
Weatherford International PLC (a)   112,754   2,345,283
Willbros Group, Inc. (a)   6,727   56,036
   
    16,228,575
   
Personal Goods — 1.2%
American Apparel, Inc. (a)(b)   13,016   10,673
Carter's, Inc.   7,900   612,408
Cherokee, Inc.   2,419   44,050
Columbia Sportswear Co.   3,550   127,019
Coty, Inc., Class A   8,205   135,793
Crocs, Inc. (a)   13,571   170,723
Culp, Inc.   1,628   29,548
Deckers Outdoor Corp. (a)   5,161   501,546
Elizabeth Arden, Inc. (a)   3,743   62,658
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 17
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Personal Goods (concluded)
G-III Apparel Group Ltd. (a)   2,558 $ 211,956
Hanesbrands, Inc.   14,525   1,560,566
Helen of Troy Ltd. (a)   4,225   221,897
Iconix Brand Group, Inc. (a)   7,394   273,134
Inter Parfums, Inc.   2,513   69,107
Kate Spade & Co. (a)   18,772   492,390
Lakeland Industries, Inc. (a)   2,662   18,501
Lululemon Athletica, Inc. (a)   15,563   653,802
Movado Group, Inc.   2,713   89,692
Nu Skin Enterprises, Inc., Class A   8,879   399,821
Orchids Paper Products Co.   1,530   37,577
Oxford Industries, Inc.   2,293   139,850
Perry Ellis International, Inc. (a)   2,072   42,165
Quiksilver, Inc. (a)   20,298   34,913
Revlon, Inc., Class A (a)   2,114   66,993
Rocky Brands, Inc.   1,306   18,401
Sequential Brands Group, Inc. (a)   2,434   30,425
Skechers U.S.A., Inc., Class A (a)   6,023   321,086
Steven Madden Ltd. (a)   8,756   282,206
Tumi Holdings, Inc. (a)   7,379   150,163
Unifi, Inc. (a)   2,706   70,085
Vera Bradley, Inc. (a)   3,446   71,263
Vince Holding Corp. (a)   1,692   51,200
Weyco Group, Inc.   882   22,147
Wolverine World Wide, Inc.   15,103   378,481
   
    7,402,239
   
Pharmaceuticals & Biotechnology — 5.6%
ACADIA Pharmaceuticals, Inc. (a)   12,065   298,729
Accelerate Diagnostics, Inc. (a)(b)   2,479   53,249
Achillion Pharmaceuticals, Inc. (a)   14,369   143,403
Acorda Therapeutics, Inc. (a)   6,656   225,505
Acura Pharmaceuticals, Inc. (a)   11,590   9,087
Aegerion Pharmaceuticals, Inc. (a)   4,247   141,765
Aerie Pharmaceuticals, Inc. (a)   1,998   41,339
Affymetrix, Inc. (a)   12,654   100,979
Agenus, Inc. (a)   13,328   41,450
Agios Pharmaceuticals, Inc. (a)   686   42,086
Akorn, Inc. (a)   10,916   395,923
Albany Molecular Research, Inc. (a)   4,097   90,421
Alkermes PLC (a)   21,500   921,705
Alnylam Pharmaceuticals, Inc. (a)   9,732   760,069
AMAG Pharmaceuticals, Inc. (a)   3,886   124,002
Amicus Therapeutics, Inc. (a)   9,160   54,502
Ampio Pharmaceuticals, Inc. (a)   8,902   31,424
Anacor Pharmaceuticals, Inc. (a)   5,912   144,667
ANI Pharmaceuticals, Inc. (a)   1,809   51,158
Apricus Biosciences, Inc. (a)   16,528   24,957
Aratana Therapeutics, Inc. (a)   2,798   28,092
Arena Pharmaceuticals, Inc. (a)   36,143   151,439
Ariad Pharmaceuticals, Inc. (a)   30,529   164,857
Arqule, Inc. (a)   20,616   23,090
Array BioPharma, Inc. (a)   21,612   77,155
             
Common Stocks
Shares		   Value
   
Pharmaceuticals & Biotechnology (continued)
Arrowhead Research Corp. (a)   6,836 $ 100,968
Auspex Pharmaceuticals, Inc. (a)   1,588   40,764
Auxilium Pharmaceuticals, Inc. (a)   7,713   230,233
Avanir Pharmaceuticals, Inc. (a)   26,703   318,300
BioCryst Pharmaceuticals, Inc. (a)   10,728   104,920
BioDelivery Sciences International, Inc. (a)   7,090   121,168
BioMarin Pharmaceutical, Inc. (a)   21,733   1,568,253
Biota Pharmaceuticals, Inc. (a)   9,894   24,438
Biotime, Inc. (a)(b)   11,313   35,523
Bluebird Bio, Inc. (a)   2,803   100,572
CASI Pharmaceuticals, Inc. (a)   7,740   13,855
Catalent, Inc. (a)   6,148   153,884
Cel-Sci Corp. (a)   14,672   13,376
Celldex Therapeutics, Inc. (a)   14,024   181,751
Cerus Corp. (a)   14,468   58,017
Charles River Laboratories International, Inc. (a)   7,090   423,557
Chimerix, Inc. (a)   3,918   108,215
Cleveland Biolabs, Inc. (a)   20,827   9,560
Clovis Oncology, Inc. (a)   4,623   209,699
Columbia Laboratories, Inc. (a)   4,676   27,542
Corcept Therapeutics, Inc. (a)   16,222   43,475
CTI BioPharma Corp. (a)   30,486   73,776
Cubist Pharmaceuticals, Inc. (a)   11,347   752,760
Cumberland Pharmaceuticals, Inc. (a)   4,500   22,230
Curis, Inc. (a)   24,444   34,466
Cytokinetics, Inc. (a)   8,226   28,955
Cytori Therapeutics, Inc. (a)(b)   19,551   13,216
CytRx Corp. (a)(b)   9,758   24,785
Dendreon Corp. (a)(b)   32,515   46,822
Depomed, Inc. (a)   9,510   144,457
Discovery Laboratories, Inc. (a)   22,340   41,106
Durect Corp. (a)   26,685   39,227
Dyax Corp. (a)   21,548   218,066
Dynavax Technologies Corp. (a)   52,460   75,018
Emergent Biosolutions, Inc. (a)   4,834   103,012
Enanta Pharmaceuticals, Inc. (a)   1,103   43,646
Endo International PLC (a)   21,903   1,496,851
Endocyte, Inc. (a)   6,241   37,945
Enzo Biochem, Inc. (a)   8,028   41,344
Epizyme, Inc. (a)   1,203   32,613
Exact Sciences Corp. (a)(b)   12,831   248,665
Exelixis, Inc. (a)(b)   33,152   50,723
Foundation Medicine, Inc. (a)   2,210   41,902
Galena Biopharma, Inc. (a)   24,162   49,774
Galmed Pharmaceuticals Ltd. (a)   953   8,196
Genomic Health, Inc. (a)   3,312   93,763
GenVec, Inc. (a)   8,267   17,195
Geron Corp. (a)   26,914   53,828
GTx, Inc. (a)(b)   17,845   13,161
Halozyme Therapeutics, Inc. (a)   17,125   155,837
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 18
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Pharmaceuticals & Biotechnology (continued)
Harvard Bioscience, Inc. (a)   8,239 $ 33,697
Hemispherx Biopharma, Inc. (a)   9,683   3,107
Horizon Pharma PLC (a)   9,385   115,248
Hyperion Therapeutics, Inc. (a)   1,275   32,155
Idera Pharmaceuticals, Inc. (a)(b)   15,573   35,662
Illumina, Inc. (a)   19,971   3,273,646
Immunogen, Inc. (a)   14,079   149,097
Immunomedics, Inc. (a)   18,403   68,459
Impax Laboratories, Inc. (a)   10,258   243,217
Incyte Corp. Ltd. (a)   22,806   1,118,634
Infinity Pharmaceuticals, Inc. (a)   7,375   98,972
Inovio Pharmaceuticals, Inc. (a)(b)   9,511   93,683
Insmed, Inc. (a)   6,623   86,430
Insys Therapeutics, Inc. (a)   989   38,353
Intercept Pharmaceuticals, Inc. (a)   1,827   432,433
Intrexon Corp. (a)   3,921   72,852
Ironwood Pharmaceuticals, Inc. (a)   19,090   247,311
Isis Pharmaceuticals, Inc. (a)   17,384   675,021
Jazz Pharmaceuticals PLC (a)   8,478   1,361,228
Karyopharm Therapeutics, Inc. (a)   1,473   51,467
Keryx Biopharmaceuticals, Inc. (a)(b)   14,309   196,749
Kite Pharma, Inc. (a)   1,072   30,552
KYTHERA Biopharmaceuticals, Inc. (a)   2,175   71,253
Lannett Co., Inc. (a)   4,175   190,714
Lexicon Pharmaceuticals, Inc. (a)   43,307   61,063
Ligand Pharmaceuticals, Inc., Class B (a)   3,033   142,521
Luminex Corp. (a)   6,305   122,947
MannKind Corp. (a)(b)   37,112   219,332
The Medicines Co. (a)   10,340   230,789
Medivation, Inc. (a)   11,370   1,124,152
Merrimack Pharmaceuticals, Inc. (a)   12,795   112,340
MiMedx Group, Inc. (a)   11,046   78,758
Momenta Pharmaceuticals, Inc. (a)   8,706   98,726
Myriad Genetics, Inc. (a)(b)   10,997   424,154
Nanosphere, Inc. (a)   18,468   10,527
Nektar Therapeutics (a)   20,082   242,390
Neuralstem, Inc. (a)(b)   17,361   56,944
Neurocrine Biosciences, Inc. (a)   11,389   178,466
NewLink Genetics Corp. (a)   2,497   53,486
Northwest Biotherapeutics, Inc. (a)   5,743   28,887
Novavax, Inc. (a)   38,640   161,129
NPS Pharmaceuticals, Inc. (a)   14,842   385,892
Omeros Corp. (a)(b)   4,028   51,236
Oncothyreon, Inc. (a)   17,944   34,452
Ophthotech Corp. (a)   1,149   44,731
Opko Health, Inc. (a)(b)   35,588   302,854
Orexigen Therapeutics, Inc. (a)(b)   18,080   77,021
Organovo Holdings, Inc. (a)(b)   9,316   59,343
Osiris Therapeutics, Inc. (a)   3,311   41,685
             
Common Stocks
Shares		   Value
   
Pharmaceuticals & Biotechnology (continued)
Otonomy, Inc. (a)   1,582 $ 37,968
Pacific Biosciences of California, Inc. (a)   10,142   49,797
Pacira Pharmaceuticals, Inc. (a)   5,453   528,505
Pain Therapeutics, Inc. (a)   8,736   34,158
Palatin Technologies, Inc. (a)   16,279   15,139
PDL BioPharma, Inc.   24,747   184,860
Peregrine Pharmaceuticals, Inc. (a)(b)   36,863   50,134
Pernix Therapeutics Holdings (a)   4,089   31,403
Pfenex, Inc. (a)   1,203   8,854
Pharmacyclics, Inc. (a)   8,998   1,056,635
Portola Pharmaceuticals, Inc. (a)   4,721   119,347
Pozen, Inc. (a)   5,597   41,082
Prestige Brands Holdings, Inc. (a)   8,441   273,235
Progenics Pharmaceuticals, Inc. (a)   13,403   69,562
Prothena Corp. PLC (a)   3,641   80,685
PTC Therapeutics, Inc. (a)   2,182   96,030
Puma Biotechnology, Inc. (a)   2,972   709,030
Quintiles Transnational Holdings, Inc. (a)   8,594   479,373
Raptor Pharmaceutical Corp. (a)(b)   11,056   106,027
Receptos, Inc. (a)   2,823   175,336
Relypsa, Inc. (a)   1,263   26,637
Repligen Corp. (a)   5,025   100,048
Repros Therapeutics, Inc. (a)   4,528   44,827
Retrophin, Inc. (a)   2,968   26,771
Revance Therapeutics, Inc. (a)   1,448   27,990
Rexahn Pharmaceuticals, Inc. (a)   36,171   29,298
Rigel Pharmaceuticals, Inc. (a)   16,778   32,549
Sage Therapeutics, Inc. (a)   726   22,869
Sagent Pharmaceuticals, Inc. (a)   3,816   118,678
Salix Pharmaceuticals Ltd. (a)   9,415   1,471,000
Sangamo Biosciences, Inc. (a)   11,016   118,808
Sarepta Therapeutics, Inc. (a)   6,277   132,445
Sciclone Pharmaceuticals, Inc. (a)   8,719   60,074
Seattle Genetics, Inc. (a)   14,971   556,622
Sequenom, Inc. (a)(b)   22,329   66,317
Spectrum Pharmaceuticals, Inc. (a)   11,101   90,362
StemCells, Inc. (a)   19,530   24,608
Sucampo Pharmaceuticals, Inc., Class A (a)   4,619   30,023
Sunesis Pharmaceuticals, Inc. (a)   5,806   41,455
Synageva BioPharma Corp. (a)   3,388   233,027
Synergy Pharmaceuticals, Inc. (a)(b)   10,996   30,624
Synta Pharmaceuticals Corp. (a)   15,752   47,413
Techne Corp.   5,373   502,644
Tetraphase Pharmaceuticals, Inc. (a)   2,067   41,237
TG Therapeutics, Inc. (a)   3,928   41,912
TherapeuticsMD, Inc. (a)   14,814   68,737
Theravance Biopharma, Inc. (a)(b)   3,971   91,531
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 19
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Pharmaceuticals & Biotechnology (concluded)
Theravance, Inc.   12,511 $ 213,813
Threshold Pharmaceuticals, Inc. (a)   12,218   44,107
Transcept Pharmaceuticals, Inc.   16,237   32,880
Trubion Pharmaceuticals, Inc.   3,113   —
Ultragenyx Pharmaceutical, Inc. (a)   3,425   193,855
United Therapeutics Corp. (a)   6,963   895,790
Vanda Pharmaceuticals, Inc. (a)   6,032   62,612
Vical, Inc. (a)   29,769   33,341
Vivus, Inc. (a)(b)   17,507   67,577
XenoPort, Inc. (a)   11,650   62,677
XOMA Corp. (a)   14,458   60,868
ZIOPHARM Oncology, Inc. (a)   21,202   55,973
ZS Pharma, Inc. (a)   860   33,738
   
    35,079,124
   
Real Estate Investment & Services — 1.0%
Alexander & Baldwin, Inc.   6,845   246,215
Altisource Portfolio Solutions SA (a)   2,522   254,218
American Realty Investors, Inc. (a)   1,631   8,742
AV Homes, Inc. (a)   2,544   37,270
BBX Capital Corp. (a)   1,716   29,910
CareTrust REIT, Inc. (a)   4,763   68,111
Columbia Property Trust, Inc.   19,040   454,485
Consolidated-Tomoka Land Co.   1,260   61,828
Forest City Enterprises, Inc., Class A (a)   24,288   475,073
Forestar Group, Inc. (a)   5,654   100,189
Gaming and Leisure Properties, Inc.   14,362   443,786
HFF, Inc., Class A   5,216   151,003
The Howard Hughes Corp. (a)   4,827   724,050
Jones Lang LaSalle, Inc.   6,765   854,690
Kennedy-Wilson Holdings, Inc.   10,998   263,512
Maui Land & Pineapple Co., Inc. (a)   5,106   29,104
Move, Inc. (a)   7,092   148,648
Nationstar Mortgage Holdings, Inc. (a)   3,601   123,298
Realogy Holdings Corp. (a)   22,146   823,831
Reis, Inc.   1,837   43,335
The St. Joe Co. (a)   13,438   267,819
Tejon Ranch Co. (a)   2,659   74,558
Transcontinental Realty Investors, Inc. (a)   393   3,930
Trulia, Inc. (a)   5,276   257,997
Zillow, Inc. Class A (a)   3,855   447,142
   
    6,392,744
   
Real Estate Investment Trusts (REITs) — 8.5%
Acadia Realty Trust   8,458   233,272
Agree Realty Corp.   3,375   92,407
Alexander's, Inc.   344   128,625
Alexandria Real Estate Equities, Inc.   10,646   785,142
             
Common Stocks
Shares		   Value
   
Real Estate Investment Trusts (REITs) (continued)
Altisource Residential Corp.   9,073 $ 217,752
American Assets Trust, Inc.   5,207   171,675
American Campus Communities, Inc.   15,864   578,243
American Capital Agency Corp.   54,204   1,151,835
American Capital Mortgage Investment Corp.   9,236   173,822
American Homes 4 Rent, Class A   20,595   347,850
American Realty Capital Properties, Inc.   141,081   1,701,437
Annaly Capital Management, Inc.   138,586   1,480,098
Anworth Mortgage Asset Corp.   19,542   93,606
Apollo Commercial Real Estate Finance, Inc.   8,159   128,178
Apollo Residential Mortgage, Inc.   5,765   88,954
Arbor Realty Trust, Inc.   9,585   64,603
Arlington Asset Investment Corp.   1,883   47,847
ARMOUR Residential REIT, Inc.   59,489   229,033
Ashford Hospitality Prime, Inc.   3,025   46,071
Ashford Hospitality Trust, Inc.   12,545   128,210
Associated Estates Realty Corp.   10,239   179,285
Aviv REIT, Inc.   4,511   118,865
BioMed Realty Trust, Inc.   29,081   587,436
Blackstone Mortgage Trust, Inc., Class A   7,489   202,952
Brandywine Realty Trust   23,241   327,001
Brixmor Property Group, Inc.   4,767   106,113
BRT Realty Trust (a)   3,601   27,008
Camden Property Trust   12,650   866,904
Campus Crest Communities, Inc.   10,740   68,736
Capstead Mortgage Corp.   13,114   160,515
CBL & Associates Properties, Inc.   25,753   460,979
Cedar Realty Trust, Inc.   12,109   71,443
Chambers Street Properties   36,585   275,485
Chatham Lodging Trust   5,995   138,365
Chesapeake Lodging Trust   8,583   250,194
Chimera Investment Corp.   167,487   509,160
CIM Commercial Trust Corp.   2,227   49,172
Colony Financial, Inc.   14,537   325,338
Coresite Realty Corp.   3,504   115,176
Corporate Office Properties Trust   13,407   344,828
Cousins Properties, Inc.   27,054   323,295
CubeSmart   19,811   356,202
CyrusOne, Inc.   3,296   79,236
CYS Investments, Inc.   27,099   223,296
DCT Industrial Trust, Inc.   47,705   358,265
DDR Corp.   43,400   726,082
DiamondRock Hospitality Co.   28,241   358,096
Digital Realty Trust, Inc.   20,186   1,259,203
Douglas Emmett, Inc.   20,008   513,605
Duke Realty Corp.   49,363   848,056
DuPont Fabros Technology, Inc.   10,020   270,941
EastGroup Properties, Inc.   4,779   289,560
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 20
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Real Estate Investment Trusts (REITs) (continued)
Education Realty Trust, Inc.   17,065 $ 175,428
Empire State Realty Trust, Inc., Class A   14,404   216,348
EPR Properties   8,521   431,844
Equity Commonwealth   16,555   425,629
Equity Lifestyle Properties, Inc.   12,725   539,031
Equity One, Inc.   8,953   193,653
Excel Trust, Inc.   11,118   130,859
Extra Space Storage, Inc.   16,748   863,694
Federal Realty Investment Trust   9,967   1,180,691
FelCor Lodging Trust, Inc.   19,363   181,238
First Industrial Realty Trust, Inc.   15,801   267,195
First Potomac Realty Trust   10,450   122,787
Franklin Street Properties Corp.   14,004   157,125
Geo Group, Inc.   10,503   401,425
Getty Realty Corp.   4,945   84,065
Gladstone Commercial Corp.   6,637   112,763
Glimcher Realty Trust   23,212   314,290
Government Properties Income Trust   8,160   178,786
Gramercy Property Trust, Inc.   16,896   97,321
Hatteras Financial Corp.   14,923   268,017
Healthcare Realty Trust, Inc.   14,365   340,163
Healthcare Trust of America, Inc., Class A   25,818   299,489
Hersha Hospitality Trust   30,134   191,954
Highwoods Properties, Inc.   13,243   515,153
Home Properties, Inc.   8,866   516,356
Hospitality Properties Trust   22,405   601,574
Hudson Pacific Properties, Inc.   9,641   237,747
Inland Real Estate Corp.   13,981   138,552
Invesco Mortgage Capital, Inc.   19,909   312,969
Investors Real Estate Trust   18,496   142,419
iStar Financial, Inc. (a)   11,282   152,307
Kilroy Realty Corp.   12,656   752,273
Kite Realty Group Trust   6,550   158,772
LaSalle Hotel Properties   15,451   529,042
Lexington Realty Trust   29,464   288,453
Liberty Property Trust   21,892   728,128
LTC Properties, Inc.   5,603   206,695
Mack-Cali Realty Corp.   12,852   245,602
Medical Properties Trust, Inc.   26,239   321,690
MFA Financial, Inc.   52,191   406,046
Mid-America Apartment Communities, Inc.   11,511   755,697
Monmouth Real Estate Investment Corp., Class A   11,645   117,847
National Health Investors, Inc.   4,453   254,444
National Retail Properties, Inc.   18,515   640,064
New Residential Investment Corp.   14,544   84,792
New York Mortgage Trust, Inc.   18,994   137,327
New York REIT, Inc.   14,531   149,379
Newcastle Investment Corp.   19,049   241,541
             
Common Stocks
Shares		   Value
   
Real Estate Investment Trusts (REITs) (continued)
NorthStar Realty Finance Corp.   29,472 $ 520,770
Omega Healthcare Investors, Inc.   19,201   656,482
One Liberty Properties, Inc.   3,179   64,311
Parkway Properties, Inc.   11,089   208,251
Pebblebrook Hotel Trust   9,764   364,588
Pennsylvania Real Estate Investment Trust   10,676   212,879
PennyMac Mortgage Investment Trust (c)   10,450   223,943
Piedmont Office Realty Trust, Inc., Class A   23,343   411,771
Post Properties, Inc.   8,052   413,390
Potlatch Corp.   6,073   244,195
PS Business Parks, Inc.   2,968   225,984
RAIT Financial Trust   9,876   73,379
Ramco-Gershenson Properties Trust   11,192   181,870
Rayonier, Inc.   18,813   585,837
Realty Income Corp.   32,933   1,343,337
Redwood Trust, Inc.   12,734   211,130
Regency Centers Corp.   13,766   741,024
Resource Capital Corp.   24,290   118,292
Retail Opportunity Investments Corp.   13,711   201,552
Retail Properties of America, Inc., Class A   26,354   385,559
RLJ Lodging Trust   17,926   510,353
Rouse Properties, Inc.   5,638   91,166
Sabra Health Care REIT, Inc.   7,937   193,028
Saul Centers, Inc.   2,852   133,302
Senior Housing Properties Trust   30,472   637,474
Silver Bay Realty Trust Corp.   6,204   100,567
SL Green Realty Corp.   14,068   1,425,370
Sovran Self Storage, Inc.   4,831   359,233
Spirit Realty Capital, Inc.   56,368   618,357
STAG Industrial, Inc.   9,468   196,082
Starwood Property Trust, Inc.   34,796   764,120
Starwood Waypoint Residential Trust   6,388   166,152
Strategic Hotels & Resorts, Inc. (a)   37,440   436,176
Summit Hotel Properties, Inc.   7,025   75,729
Sun Communities, Inc.   6,054   305,727
Sunstone Hotel Investors, Inc.   27,919   385,841
Supertel Hospitality, Inc. (a)   985   2,197
Tanger Factory Outlet Centers   15,165   496,199
Taubman Centers, Inc.   9,446   689,558
Terreno Realty Corp.   6,723   126,594
Two Harbors Investment Corp.   56,276   544,189
UDR, Inc.   37,716   1,027,761
UMH Properties, Inc.   9,986   94,867
United Development Funding IV   4,691   92,976
Universal Health Realty Income Trust   1,725   71,898
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 21
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Real Estate Investment Trusts (REITs) (concluded)
Urstadt Biddle Properties, Inc., Class A   3,630 $ 73,689
Walter Investment Management Corp. (a)   5,793   127,156
Washington Prime Group, Inc.   23,415   409,294
Washington Real Estate Investment Trust   9,975   253,165
Weingarten Realty Investors   16,823   529,924
Western Asset Mortgage Capital Corp.   2,124   31,393
Winthrop Realty Trust   8,263   124,523
WP Carey, Inc.   10,371   661,359
   
    53,632,079
   
Software & Computer Services — 6.7%
ACI Worldwide, Inc. (a)   17,414   326,687
Actua Corp. (a)   6,786   108,712
Actuate Corp. (a)   8,413   32,811
Advent Software, Inc.   6,440   203,246
Allscripts Healthcare Solutions, Inc. (a)   24,263   325,488
American Software, Inc., Class A   5,062   44,647
Angie's List, Inc. (a)   7,923   50,470
ANSYS, Inc. (a)   13,494   1,021,091
AOL, Inc. (a)   11,673   524,701
Arista Networks, Inc. (a)   749   66,159
Aspen Technology, Inc. (a)   13,570   511,860
athenahealth, Inc. (a)   5,643   743,127
Authentidate Holding Corp. (a)   13,517   9,192
Blackbaud, Inc.   6,868   269,844
Blucora, Inc. (a)   6,927   105,567
Bottomline Technologies, Inc. (a)   6,036   166,533
BroadSoft, Inc. (a)   4,796   100,908
CACI International, Inc., Class A (a)   3,395   241,962
Cadence Design Systems, Inc. (a)   43,119   742,078
Calix, Inc. (a)   6,241   59,726
Callidus Software, Inc. (a)   7,727   92,879
CDW Corp.   12,980   403,029
ChannelAdvisor Corp. (a)   2,829   46,396
Ciber, Inc. (a)   11,476   39,363
Cogent Communications Group, Inc.   6,888   231,506
CommVault Systems, Inc. (a)   6,399   322,510
Computer Programs & Systems, Inc.   1,810   104,057
Computer Task Group, Inc.   2,432   26,995
Compuware Corp.   32,902   349,090
Comverse, Inc. (a)   3,640   81,281
Concur Technologies, Inc. (a)   7,147   906,383
Cornerstone OnDemand, Inc. (a)   7,517   258,660
Crexendo, Inc. (a)   3,732   10,263
CSG Systems International, Inc.   5,270   138,496
Cvent, Inc. (a)   2,021   51,273
             
Common Stocks
Shares		   Value
   
Software & Computer Services (continued)
Datalink Corp. (a)   3,557 $ 37,811
DealerTrack Holdings, Inc. (a)   6,632   287,895
Demandware, Inc. (a)   4,556   231,992
DeVry Education Group, Inc.   8,225   352,112
Digimarc Corp.   1,650   34,171
Digital River, Inc. (a)   5,923   86,002
DST Systems, Inc.   4,398   369,080
Ebix, Inc.   5,114   72,517
Ellie Mae, Inc. (a)   3,164   103,146
Endurance International Group Holdings, Inc. (a)   3,270   53,203
Envestnet, Inc. (a)   4,798   215,910
EPAM Systems, Inc. (a)   2,549   111,621
EPIQ Systems, Inc.   4,838   84,955
Equinix, Inc. (a)   7,421   1,576,814
Evolving Systems, Inc.   2,275   20,839
Fair Isaac Corp.   4,811   265,086
FalconStor Software, Inc. (a)   16,584   19,072
FireEye, Inc. (a)   5,004   152,922
Forrester Research, Inc.   1,834   67,601
Fortinet, Inc. (a)   20,649   521,697
Gartner, Inc. (a)   13,090   961,722
Gigamon, Inc. (a)   2,926   30,635
Gogo, Inc. (a)(b)   7,218   121,695
GSE Systems, Inc. (a)   4,471   6,975
Guidance Software, Inc. (a)   4,351   29,282
Guidewire Software, Inc. (a)   10,363   459,495
The Hackett Group, Inc.   5,104   30,420
IAC/InterActiveCorp   11,345   747,635
iGATE Corp. (a)   4,787   175,779
Immersion Corp. (a)   5,196   44,582
IMS Health Holdings, Inc. (a)   7,784   203,863
Infoblox, Inc. (a)   7,904   116,584
Informatica Corp. (a)   16,399   561,502
Innodata, Inc. (a)   5,402   16,476
Interactive Intelligence Group, Inc. (a)   2,629   109,892
Internap Network Services Corp. (a)   9,928   68,503
Internet Patents Corp. (a)   1,714   5,279
IntraLinks Holdings, Inc. (a)   7,451   60,353
j2 Global, Inc.   6,861   338,659
The KEYW Holding Corp. (a)(b)   4,780   52,915
Leidos Holdings, Inc.   9,070   311,373
Limelight Networks, Inc. (a)   16,452   38,415
LivePerson, Inc. (a)   8,690   109,407
LogMeIn, Inc. (a)   3,729   171,795
Looksmart Ltd. (a)   3,019   6,642
Manhattan Associates, Inc. (a)   11,164   373,101
Marketo, Inc. (a)   3,733   120,576
Mastech Holdings, Inc.   1,020   10,302
MedAssets, Inc. (a)   9,552   197,917
Medidata Solutions, Inc. (a)   8,016   355,029
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 22
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Software & Computer Services (continued)
Mentor Graphics Corp.   14,013 $ 287,196
Merge Healthcare, Inc. (a)   15,954   35,099
MicroStrategy, Inc., Class A (a)   1,382   180,821
Monotype Imaging Holdings, Inc.   5,834   165,219
Netscout Systems, Inc. (a)   5,584   255,747
NetSuite, Inc. (a)   4,818   431,404
NIC, Inc.   9,365   161,265
Nuance Communications, Inc. (a)   37,514   578,278
Palo Alto Networks, Inc. (a)   9,096   892,318
PC-Tel, Inc.   3,495   26,527
PDF Solutions, Inc. (a)   4,645   58,573
Pegasystems, Inc.   5,608   107,169
Perficient, Inc. (a)   6,064   90,899
Premier, Inc., Class A (a)   4,858   159,634
Premiere Global Services, Inc. (a)   6,927   82,916
Progress Software Corp. (a)   7,757   185,470
Proofpoint, Inc. (a)   4,366   162,153
PROS Holdings, Inc. (a)   4,092   103,118
PTC, Inc. (a)   17,369   640,916
QAD, Inc., Class A   1,149   21,394
QAD, Inc., Class B   1,021   16,050
Qlik Technologies, Inc. (a)   13,596   367,636
Quality Systems, Inc.   7,566   104,184
Qualys, Inc. (a)   2,000   53,200
Rackspace Hosting, Inc. (a)   17,607   573,108
RealPage, Inc. (a)   8,197   127,053
Rightside Group Ltd. (a)   1,909   18,613
RigNet, Inc. (a)   2,204   89,152
RingCentral, Inc., Class A (a)   3,039   38,626
Rocket Fuel, Inc. (a)(b)   2,370   37,446
Rosetta Stone, Inc. (a)   3,184   25,631
Rovi Corp. (a)   14,183   280,043
Sapient Corp. (a)   16,948   237,272
Science Applications International Corp.   5,931   262,328
SciQuest, Inc. (a)   4,688   70,508
Selectica, Inc. (a)   2,985   17,880
ServiceNow, Inc. (a)   18,481   1,086,313
Shutterstock, Inc. (a)   1,934   138,049
Silver Spring Networks, Inc. (a)   3,753   36,216
Smith Micro Software, Inc. (a)   7,292   6,494
SoftBrands, Inc. (a)   114   —
SolarWinds, Inc. (a)   9,809   412,468
Solera Holdings, Inc.   10,149   571,998
Splunk, Inc. (a)   17,060   944,442
SPS Commerce, Inc. (a)   2,710   144,036
SS&C Technologies Holdings, Inc. (a)   9,629   422,617
Support.com, Inc. (a)   13,215   28,544
Synchronoss Technologies, Inc. (a)   4,820   220,660
Synopsys, Inc. (a)   22,844   906,793
Syntel, Inc. (a)   2,289   201,295
Tableau Software, Inc., Class A (a)   5,580   405,387
             
Common Stocks
Shares		   Value
   
Software & Computer Services (concluded)
Tangoe, Inc. (a)   6,350 $ 86,042
TeleCommunication Systems, Inc., Class A (a)   11,480   32,029
TeleNav, Inc. (a)   4,941   33,105
Textura Corp. (a)(b)   2,287   60,377
TIBCO Software, Inc. (a)   22,912   541,411
Twitter, Inc. (a)   72,553   3,742,284
Tyler Technologies, Inc. (a)   4,457   393,999
The Ultimate Software Group, Inc. (a)   4,195   593,634
Unisys Corp. (a)   7,575   177,331
United Online, Inc.   3,255   35,642
Unwired Planet, Inc. (a)   11,796   21,941
Vantiv, Inc., Class A (a)   21,651   669,016
VASCO Data Security International, Inc. (a)   4,839   90,876
Vectrus, Inc. (a)   1,504   29,367
Veeva Systems, Inc., Class A (a)   4,677   131,751
Verint Systems, Inc. (a)   8,298   461,452
VirnetX Holding Corp. (a)(b)   6,877   41,262
Virtusa Corp. (a)   4,107   146,045
VMware, Inc., Class A (a)   12,568   1,179,381
Voltari Corp. (a)   1,272   1,921
Web.com Group, Inc. (a)   7,721   154,111
Workday, Inc., Class A (a)   13,662   1,127,115
Zix Corp. (a)   12,044   41,190
zulily, Inc., Class A (a)   2,373   89,913
Zynga, Inc., Class A (a)   100,055   270,148
   
    41,839,740
   
Support Services — 4.5%
ABM Industries, Inc.   7,020   180,344
Acacia Research Corp.   8,239   127,540
Advanced Emissions Solutions, Inc. (a)   3,711   78,933
The Advisory Board Co. (a)   5,558   258,947
AM Castle & Co. (a)   3,004   25,654
Amdocs Ltd.   22,795   1,045,835
AMN Healthcare Services, Inc. (a)   7,283   114,343
AMREP Corp. (a)   600   2,796
Applied Industrial Technologies, Inc.   5,953   271,754
ARC Document Solutions, Inc. (a)   7,146   57,883
Barnes Group, Inc.   6,708   203,588
Barrett Business Services, Inc.   1,189   46,954
Bazaarvoice, Inc. (a)   7,247   53,555
Black Box Corp.   2,395   55,851
Booz Allen Hamilton Holding Corp.   10,829   253,399
The Brink's Co.   6,746   162,174
Broadridge Financial Solutions, Inc.   17,372   723,196
Cardtronics, Inc. (a)   6,774   238,445
Cartesian, Inc. (a)   2,116   7,364
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 23
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Support Services (continued)
Casella Waste Systems, Inc. (a)   9,636 $ 37,099
Cass Information Systems, Inc.   1,314   54,400
CBIZ, Inc. (a)   6,146   48,369
CDI Corp.   1,891   27,457
Cenveo, Inc. (a)   15,636   38,621
Clean Harbors, Inc. (a)   8,254   445,056
Comfort Systems USA, Inc.   5,684   77,018
Convergys Corp.   14,319   255,165
CoreLogic, Inc. (a)   13,187   356,972
The Corporate Executive Board Co.   5,083   305,336
Corrections Corp. of America   17,205   591,164
CoStar Group, Inc. (a)   4,784   744,103
CRA International, Inc. (a)   1,964   49,945
Crawford & Co., Class B   3,747   30,913
Cross Country Healthcare, Inc. (a)   5,567   51,717
Deluxe Corp.   7,145   394,118
Dice Holdings, Inc. (a)   6,055   50,741
DigitalGlobe, Inc. (a)   10,483   298,765
DXP Enterprises, Inc. (a)   1,677   123,561
Ennis, Inc.   3,906   51,442
Euronet Worldwide, Inc. (a)   7,261   347,003
EVERTEC, Inc.   11,013   246,030
ExamWorks Group, Inc. (a)   5,411   177,210
ExlService Holdings, Inc. (a)   4,795   117,046
The ExOne Co. (a)   1,264   26,405
Exponent, Inc.   2,015   142,823
FleetCor Technologies, Inc. (a)   11,150   1,584,638
Franklin Covey Co. (a)   2,677   52,442
Frontline Capital Group (a)   300   —
FTI Consulting, Inc. (a)   5,990   209,410
Furmanite Corp. (a)   7,007   47,367
G&K Services, Inc., Class A   2,859   158,331
Genpact Ltd. (a)   22,881   373,418
Global Cash Access Holdings, Inc. (a)   10,402   70,214
Global Payments, Inc.   10,267   717,458
Global Power Equipment Group, Inc.   2,352   35,045
GP Strategies Corp. (a)   3,185   91,473
HD Supply Holdings, Inc. (a)   16,723   455,869
Heartland Payment Systems, Inc.   5,291   252,487
Heidrick & Struggles International, Inc.   2,179   44,757
Heritage-Crystal Clean, Inc. (a)   1,910   28,383
Higher One Holdings, Inc. (a)   7,183   17,742
Hudson Global, Inc. (a)   7,486   28,297
Huron Consulting Group, Inc. (a)   3,528   215,102
ICF International, Inc. (a)   3,065   94,371
Imperva, Inc. (a)   2,965   85,184
InnerWorkings, Inc. (a)   7,279   58,887
Insperity, Inc.   3,118   85,246
Jack Henry & Associates, Inc.   12,243   681,445
Kaman Corp.   3,831   150,558
             
Common Stocks
Shares		   Value
   
Support Services (continued)
Kelly Services, Inc., Class A   3,722 $ 58,324
Kforce, Inc.   4,578   89,591
Korn/Ferry International (a)   7,608   189,439
LifeLock, Inc. (a)   11,210   160,191
LinkedIn Corp. (a)   14,936   3,103,551
Lionbridge Technologies, Inc. (a)   10,845   48,803
Manpowergroup, Inc.   11,578   811,618
MAXIMUS, Inc.   9,912   397,769
McGrath RentCorp   3,369   115,220
Mistras Group, Inc. (a)   3,074   62,710
Mobile Mini, Inc.   6,204   216,954
ModusLink Global Solutions, Inc. (a)   9,568   34,158
Monster Worldwide, Inc. (a)   14,709   80,900
MSC Industrial Direct Co., Inc., Class A   7,104   607,108
MWI Veterinary Supply, Inc. (a)   2,061   305,852
Navigant Consulting, Inc. (a)   7,309   101,668
NeuStar, Inc., Class A (a)   8,472   210,360
Odyssey Marine Exploration, Inc. (a)(b)   20,285   18,459
On Assignment, Inc. (a)   7,290   195,736
Park-Ohio Holdings Corp.   1,503   71,934
Perma-Fix Environmental Services (a)   1,637   6,253
Power Solutions International, Inc. (a)   377   26,013
PowerSecure International, Inc. (a)   3,462   33,166
PRGX Global, Inc. (a)   6,115   35,834
Quad/Graphics, Inc.   3,688   70,994
Quest Resource Holding Corp. (a)   6,457   11,106
Rentrak Corp. (a)   1,931   117,675
Resources Connection, Inc.   5,694   79,374
RPX Corp. (a)   6,187   84,948
RR Donnelley & Sons Co.   29,552   486,426
Schnitzer Steel Industries, Inc., Class A   3,674   88,360
ServiceSource International, Inc. (a)   10,518   33,973
Sharps Compliance Corp. (a)   5,668   24,769
The Standard Register Co. (a)   2,919   14,974
StarTek, Inc. (a)   3,340   25,852
Sykes Enterprises, Inc. (a)   5,857   117,023
Team, Inc. (a)   3,018   114,412
TeleTech Holdings, Inc. (a)   2,889   71,012
Tetra Tech, Inc.   9,437   235,736
Towers Watson & Co., Class A   9,616   956,792
TriNet Group, Inc. (a)   2,919   75,164
TrueBlue, Inc. (a)   6,199   156,587
U.S. Ecology, Inc.   3,122   145,985
UniFirst Corp.   2,188   211,339
United Stationers, Inc.   5,522   207,462
Universal Technical Institute, Inc.   3,377   31,575
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 24
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Support Services (concluded)
URS Corp.   10,246 $ 590,272
Verisk Analytics, Inc., Class A (a)   22,055   1,342,929
Viad Corp.   3,107   64,160
WageWorks, Inc. (a)   4,832   220,001
Waste Connections, Inc.   18,124   879,376
WEX, Inc. (a)   5,639   622,094
   
    28,597,139
   
Technology Hardware & Equipment — 4.6%
3D Systems Corp. (a)(b)   15,289   708,951
ADTRAN, Inc.   8,404   172,534
Advanced Energy Industries, Inc. (a)   5,935   111,519
Advanced Micro Devices, Inc. (a)   94,030   320,642
Agilysys, Inc. (a)   3,119   36,586
Alliance Fiber Optic Products, Inc.   2,653   32,977
Amkor Technology, Inc. (a)   16,514   138,883
Amtech Systems, Inc. (a)   2,148   22,984
ANADIGICS, Inc. (a)   19,442   13,084
Applied Micro Circuits Corp. (a)   11,676   81,732
ARRIS Group, Inc. (a)   18,325   519,605
Aruba Networks, Inc. (a)   16,365   353,157
Atmel Corp. (a)   61,546   497,292
Axcelis Technologies, Inc. (a)   19,244   38,296
Brocade Communications Systems, Inc.   63,008   684,897
Brooks Automation, Inc.   9,688   101,821
Cabot Microelectronics Corp. (a)   3,440   142,588
CalAmp Corp. (a)(b)   5,523   97,315
Cavium, Inc. (a)   8,042   399,929
Ceva, Inc. (a)   4,009   53,881
Ciena Corp. (a)   16,392   274,074
Cirrus Logic, Inc. (a)   9,173   191,257
Clearfield, Inc. (a)   2,370   30,170
Cohu, Inc.   3,077   36,832
CommScope Holding Co., Inc. (a)   12,379   295,982
Comtech Telecommunications Corp.   2,512   93,321
Concurrent Computer Corp.   3,805   27,700
Cray, Inc. (a)   6,296   165,207
Cree, Inc. (a)   17,538   718,181
Cypress Semiconductor Corp. (a)   21,268   210,021
Dataram Corp. (a)   2,046   5,115
Diebold, Inc.   9,578   338,295
Digi International, Inc. (a)   4,719   35,393
Diodes, Inc. (a)   5,275   126,178
Dot Hill Systems Corp. (a)   12,021   45,439
DSP Group, Inc. (a)   3,838   34,043
Dycom Industries, Inc. (a)   5,349   164,268
EchoStar Corp., Class A (a)   6,098   297,338
Electronics for Imaging, Inc. (a)   6,964   307,600
Emcore Corp. (a)   7,901   44,957
Emulex Corp. (a)   14,355   70,914
             
Common Stocks
Shares		   Value
   
Technology Hardware & Equipment (continued)
Entegris, Inc. (a)   20,983 $ 241,304
Entropic Communications, Inc. (a)   15,197   40,424
Exar Corp. (a)   7,831   70,087
Extreme Networks, Inc. (a)   15,559   74,528
Fairchild Semiconductor International, Inc. (a)   17,501   271,791
Finisar Corp. (a)   14,897   247,737
FormFactor, Inc. (a)   8,934   64,057
Freescale Semiconductor Ltd. (a)   14,909   291,173
GSI Technology, Inc. (a)   4,254   23,014
Harmonic, Inc. (a)   15,600   98,904
Hutchinson Technology, Inc. (a)   7,941   29,064
ID Systems, Inc. (a)   3,541   26,168
Identiv, Inc. (a)   1,928   25,854
Ikanos Communications, Inc. (a)   15,913   5,614
Infinera Corp. (a)   18,795   200,543
Ingram Micro, Inc., Class A (a)   22,843   589,578
Inphi Corp. (a)   3,982   57,261
Insight Enterprises, Inc. (a)   6,078   137,545
Integrated Device Technology, Inc. (a)   20,792   331,632
Integrated Silicon Solution, Inc.   4,637   63,712
InterDigital, Inc.   6,005   239,119
International Rectifier Corp. (a)   10,474   411,000
Intersil Corp., Class A   18,669   265,286
Intra-Cellular Therapies, Inc. (a)   2,546   34,906
InvenSense, Inc. (a)(b)   10,110   199,470
Ixia (a)   9,113   83,293
IXYS Corp.   3,911   41,066
JDS Uniphase Corp. (a)   34,310   439,168
Kopin Corp. (a)   11,813   40,164
Kulicke & Soffa Industries, Inc. (a)   11,109   158,081
KVH Industries, Inc. (a)   2,945   33,337
Lantronix, Inc. (a)   9,095   16,189
Lattice Semiconductor Corp. (a)   18,197   136,478
Lexmark International, Inc., Class A   8,961   380,842
Loral Space & Communications, Inc. (a)   2,066   148,359
LRAD Corp. (a)   8,678   23,517
Marvell Technology Group Ltd.   59,855   806,845
Mattson Technology, Inc. (a)   14,564   35,973
Maxim Integrated Products, Inc.   40,797   1,233,701
MaxLinear, Inc., Class A (a)   5,193   35,728
Mercury Systems, Inc. (a)   5,778   63,616
Micrel, Inc.   6,402   77,016
Microsemi Corp. (a)   14,005   355,867
MKS Instruments, Inc.   7,933   264,804
Monolithic Power Systems, Inc.   5,208   229,412
MoSys, Inc. (a)   11,339   27,440
Nanometrics, Inc. (a)   4,363   65,881
NCR Corp. (a)   24,741   826,597
NETGEAR, Inc. (a)   5,542   173,188
Nimble Storage, Inc. (a)   2,646   68,717
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 25
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Technology Hardware & Equipment (continued)
Oclaro, Inc. (a)   19,536 $ 27,936
OmniVision Technologies, Inc. (a)   8,160   215,914
ON Semiconductor Corp. (a)   64,996   581,064
Oplink Communications, Inc.   3,237   54,446
Optical Cable Corp.   1,750   7,928
PAR Technology Corp. (a)   4,593   22,506
Parkervision, Inc. (a)(b)   17,069   19,459
PC Connection, Inc.   2,523   54,169
Pendrell Corp. (a)   25,170   33,728
Peregrine Semiconductor Corp. (a)   3,344   41,365
Pericom Semiconductor Corp. (a)   3,697   36,009
Photronics, Inc. (a)   9,259   74,535
Pixelworks, Inc. (a)   3,290   21,253
Plantronics, Inc.   6,288   300,441
PMC - Sierra, Inc. (a)   29,785   222,196
Polycom, Inc. (a)   20,887   256,597
Power Integrations, Inc.   4,285   231,004
Procera Networks, Inc. (a)   4,723   45,246
Pulse Electronics Corp. (a)   1,702   2,298
QLogic Corp. (a)   13,407   122,808
Quantum Corp. (a)   46,623   54,083
QuickLogic Corp. (a)(b)   9,826   29,380
Qumu Corp. (a)   2,149   27,937
Rambus, Inc. (a)   17,314   216,079
RF Micro Devices, Inc. (a)   42,065   485,430
Riverbed Technology, Inc. (a)   23,816   441,668
Ruckus Wireless, Inc. (a)   7,115   95,056
Rudolph Technologies, Inc. (a)   5,897   53,368
ScanSource, Inc. (a)   4,292   148,460
Seachange International, Inc. (a)   5,030   35,009
Semtech Corp. (a)   10,162   275,898
ShoreTel, Inc. (a)   10,755   71,521
Sigma Designs, Inc. (a)   6,824   29,411
Silicon Graphics International Corp. (a)   5,817   53,691
Silicon Image, Inc. (a)   12,222   61,599
Silicon Laboratories, Inc. (a)   5,876   238,801
Skyworks Solutions, Inc.   27,515   1,597,246
Sonic Foundry, Inc. (a)   2,214   20,944
Sonus Networks, Inc. (a)   42,059   143,842
Spansion, Inc., Class A (a)   7,633   173,956
SunEdison, Inc. (a)   37,043   699,372
Super Micro Computer, Inc. (a)   5,222   153,631
Synaptics, Inc. (a)   5,441   398,281
SYNNEX Corp. (a)   3,972   256,710
Systemax, Inc. (a)   1,844   22,995
Tech Data Corp. (a)   5,477   322,376
Teradyne, Inc.   29,249   567,138
Tessera Technologies, Inc.   6,781   180,239
Transact Technologies, Inc.   2,692   18,144
TriQuint Semiconductor, Inc. (a)   25,411   484,588
Ubiquiti Networks, Inc. (a)(b)   3,318   124,525
Ultra Clean Holdings, Inc. (a)   5,086   45,520
             
Common Stocks
Shares		   Value
   
Technology Hardware & Equipment (concluded)
Ultratech, Inc. (a)   4,365 $ 99,304
VeriFone Systems, Inc. (a)   16,801   577,618
ViaSat, Inc. (a)   6,520   359,382
Violin Memory, Inc. (a)   9,827   47,857
Vitesse Semiconductor Corp. (a)   12,786   46,030
VOXX International Corp. (a)   4,073   37,879
West Corp.   3,886   114,482
Xcerra Corp. (a)   8,384   82,079
   
    29,108,439
   
Tobacco — 0.1%
Alliance One International, Inc. (a)   13,572   26,737
Rock Creek Pharmaceuticals, Inc. (a)(b)   26,933   7,541
Schweitzer-Mauduit International, Inc.   4,593   189,737
Universal Corp.   3,104   137,787
Vector Group Ltd.   10,823   240,063
   
    601,865
   
Travel & Leisure — 5.5%
Alaska Air Group, Inc.   19,547   851,076
Allegiant Travel Co.   1,958   242,126
Ambassadors Group, Inc. (a)   4,485   16,595
AMC Entertainment Holdings, Inc., Class A   1,323   30,416
American Airlines Group, Inc.   105,006   3,725,613
ARAMARK   7,499   197,224
Avis Budget Group, Inc. (a)   15,343   842,177
Bally Technologies, Inc. (a)   5,728   462,250
Belmond Ltd., Class A (a)   13,866   161,678
Biglari Holdings, Inc. (a)   296   100,569
BJ's Restaurants, Inc. (a)   3,691   132,839
Bloomin' Brands, Inc. (a)   11,697   214,523
Bob Evans Farms, Inc.   3,677   174,069
Boyd Gaming Corp. (a)   12,757   129,611
Bravo Brio Restaurant Group, Inc. (a)   3,909   50,700
Brinker International, Inc.   9,551   485,095
Buffalo Wild Wings, Inc. (a)   2,836   380,790
Burger King Worldwide, Inc.   9,342   277,084
Caesars Entertainment Corp. (a)   5,380   67,680
Carmike Cinemas, Inc. (a)   3,932   121,813
Carrols Restaurant Group, Inc. (a)   7,191   51,128
Century Casinos, Inc. (a)   8,083   41,466
The Cheesecake Factory, Inc.   6,527   296,978
Choice Hotels International, Inc.   5,613   291,876
Churchill Downs, Inc.   1,778   173,355
Chuy's Holdings, Inc. (a)   1,727   54,211
Cinemark Holdings, Inc.   15,539   528,948
Cracker Barrel Old Country Store, Inc.   3,496   360,752
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 26
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Common Stocks
Shares		   Value
   
Travel & Leisure (continued)
Del Frisco's Restaurant Group, Inc. (a)   1,744 $ 33,380
Denny's Corp. (a)   14,983   105,330
Diamond Resorts International, Inc. (a)   5,622   127,957
DineEquity, Inc.   2,642   215,561
Domino's Pizza, Inc.   8,211   631,919
Dover Downs Gaming & Entertainment, Inc. (a)   6,916   6,847
Dover Motorsports, Inc.   2,127   4,913
Dunkin' Brands Group, Inc.   15,836   709,770
Einstein Noah Restaurant Group, Inc.   2,916   58,787
Eldorado Resorts, Inc. (a)   4,992   21,216
Empire Resorts, Inc. (a)(b)   4,635   31,101
Entertainment Gaming Asia, Inc. (a)   3,165   1,994
Extended Stay America, Inc.   5,630   133,656
Famous Dave's Of America, Inc. (a)   1,498   40,326
Fiesta Restaurant Group, Inc. (a)   4,111   204,234
Full House Resorts, Inc. (a)   9,026   10,380
Gaming Partners International Corp. (a)   1,026   8,659
Hawaiian Holdings, Inc. (a)   8,052   108,299
Hertz Global Holdings, Inc. (a)   65,675   1,667,488
Hilton Worldwide Holdings, Inc. (a)   44,827   1,104,089
HomeAway, Inc. (a)   11,586   411,303
Hyatt Hotels Corp., Class A (a)   8,741   529,005
International Game Technology   36,301   612,398
International Speedway Corp., Class A   3,616   114,410
Interval Leisure Group, Inc.   6,112   116,434
Isle of Capri Casinos, Inc. (a)   6,156   46,170
Jack in the Box, Inc.   5,792   394,956
Jamba, Inc. (a)   3,475   49,414
JetBlue Airways Corp. (a)   33,856   359,551
Krispy Kreme Doughnuts, Inc. (a)   9,962   170,948
La Quinta Holdings, Inc. (a)   2,624   49,830
Las Vegas Sands Corp.   53,786   3,346,027
Life Time Fitness, Inc. (a)   5,360   270,358
Luby's, Inc. (a)   5,639   29,999
The Madison Square Garden Co., Class A (a)   9,003   595,278
The Marcus Corp.   3,392   53,594
Marriott Vacations Worldwide Corp. (a)   4,621   293,018
MGM Resorts International (a)   50,649   1,153,784
Monarch Casino & Resort, Inc. (a)   3,046   36,278
Morgans Hotel Group Co. (a)   9,009   72,703
Multimedia Games Holding Co., Inc. (a)   4,607   165,898
Norwegian Cruise Line Holdings Ltd. (a)   13,362   481,299
             
Common Stocks
Shares		   Value
   
Travel & Leisure (concluded)
Orbitz Worldwide, Inc. (a)   11,488 $ 90,411
Panera Bread Co., Class A (a)   3,869   629,564
Papa John's International, Inc.   4,771   190,792
Penn National Gaming, Inc. (a)   11,982   134,318
Pinnacle Entertainment, Inc. (a)   8,495   213,140
Popeyes Louisiana Kitchen, Inc. (a)   3,892   157,626
Premier Exhibitions, Inc. (a)   8,491   6,283
RCI Hospitality Holdings, Inc. (a)   3,176   35,000
Reading International, Inc., Class A (a)   5,688   47,779
Red Lion Hotels Corp. (a)   7,412   42,174
Red Robin Gourmet Burgers, Inc. (a)   2,150   122,335
Regal Entertainment Group, Class A   12,500   248,500
Republic Airways Holdings, Inc. (a)   7,388   82,081
Royal Caribbean Cruises Ltd.   23,986   1,614,018
Ruby Tuesday, Inc. (a)   10,132   59,677
Ruth's Hospitality Group, Inc.   6,152   67,918
Ryman Hospitality Properties   7,741   366,149
Sabre Corp.   4,298   76,999
Scientific Games Corp., Class A (a)   7,878   84,846
SeaWorld Entertainment, Inc.   9,734   187,185
Six Flags Entertainment Corp.   13,520   464,953
SkyWest, Inc.   6,187   48,135
Sonic Corp. (a)   8,243   184,313
Speedway Motorsports, Inc.   1,363   23,253
Spirit Airlines, Inc. (a)   10,693   739,314
Steiner Leisure Ltd. (a)   2,066   77,661
Texas Roadhouse, Inc.   8,954   249,279
Town Sports International Holdings, Inc.   5,436   36,421
Travelzoo, Inc. (a)   2,100   32,550
United Continental Holdings, Inc. (a)   54,516   2,550,804
Vail Resorts, Inc.   5,243   454,883
The Wendy's Co.   40,573   335,133
World Wrestling Entertainment, Inc.   4,661   64,182
Zoe's Kitchen, Inc. (a)(b)   1,199   36,881
   
    34,795,760
   
Total Common Stocks — 97.8%   614,981,359
     
 
Other Interests (d) Beneficial
Interest
(000)		    
   
Fixed Line Telecommunications — 0.0%
Primus Telecommunications Group, Inc. $ 29   —
   
             


 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 27
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series
  (Percentages shown are based on Net Assets)

 

Other Interests (d) Beneficial
Interest
(000)		   Value
   
Pharmaceuticals & Biotechnology — 0.0%
Merck KGaA $ 3   —
   
Real Estate Investment Trusts (REITs) — 0.0%
AmeriVest Properties, Inc. (a)   4   —
   
Technology Hardware & Equipment — 0.0%
Gerber Scientific, Inc.   4   —
   
Travel & Leisure — 0.0%
FRD Acquisition Co.   13   —
   
Total Other Interests — 0.0%   —
   
     
 
Rights – 0.0%
Shares		    
   
Technology Hardware & Equipment — 0.0%
Leap Wireless, CVR (a)   8,850 $ 22,302
   
         
 
Warrants (e)
   
Automobiles & Parts — 0.0%
Federal-Mogul Corp., Class A, (Issued 12/27/07, 1 Share for 1 Warrant, Expires 12/27/14, Strike Price $45.82)   249   —
   
Oil & Gas Producers — 0.0%
Magnum Hunter Resources Corp., (Issued 10/15/13, 1 Share for 10 Warrant, Expires 4/15/16, Strike Price $8.50)   2,485   —
   
Total Warrants — 0.0%   —
   
Total Long-Term Investments
(Cost — $393,539,845) — 97.8%		   615,003,661
   
 
 
             

 

 

Short-Term Securities
Shares		   Value
   
Money Market Funds
BlackRock Liquidity Funds, TempCash, Institutional Class, 0.03% (c)(f)   13,023,047 $ 13,023,047
   
  Beneficial
Interest
(000)		    
   
BlackRock Liquidity Series, LLC, Money Market Series, 0.19% (c)(f)(g)   6,911   6,911,154
   
Total Short-Term Securities
(Cost — $19,934,201) — 3.2%		   19,934,201
   
Total Investments
(Cost — $413,474,046*) — 101.0%		   634,937,862
Liabilities in Excess of Other Assets — (1.0)%   (6,455,349)
   
Net Assets — 100.0% $ 628,482,513
   
             
* As of September 30, 2014, gross unrealized appreciation and depreciation based on cost for federal income tax purposes were as follows:
             
Tax cost $ 416,419,122
   
Gross unrealized appreciation $ 243,662,252
Gross unrealized depreciation   (25,143,512)
   
 
Net unrealized appreciation $ 218,518,740
   
             


Notes to Schedule of Investments

(a) Non-income producing security.
(b) Security, or a portion of security, is on loan.
(c) Investments in issuers considered to be an affiliate of the Master Series during the period ended September 30, 2014, for purposes of Section 2(a)(3) of the Investment Company Act of 1940, as amended, were as follows:

 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 28
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series

 

Affiliate   Shares/
Beneficial
Interest
Held at
December 31,
2013		   Shares/
Beneficial
Interest
Purchased		   Shares/
Beneficial
Interest Sold		   Shares/
Beneficial
Interest
Held at
September 30,
2014		   Value at
September 30,
2014		   Income
BlackRock Liquidity Funds, TempCash Institutional Class   24,257,699           —   (11,234,652)1   13,023,047 $   13,023,047 $ 7,504
BlackRock Liquidity Series, LLC, Money Market Series         $ 20,519,002   —         $ (13,607,848)1         $ 6,911,154         $  6,911,154         $ 423,508
PennyMac Mortgage Investment Trust   5,478   4,972   —   10,450 $  223,943 $ 15,563
                         

 

   1Represents net shares/beneficial interest sold.
   
(d) Other interests represent beneficial interests in liquidation trusts and other reorganization or private entities.
(e) Warrants entitle the Master Series to purchase a predetermined number of shares of common stock and are non-income producing. The purchase price and number of shares are subject to adjustment under certain conditions until the expiration date, if any.
(f) Represents the current yield as of report date.
(g) Security was purchased with the cash collateral from loaned securities. The Master Series may withdraw up to 25% of its investment daily, although the manager of the BlackRock Liquidity Series, LLC, Money Market Series, in its sole discretion, may permit an investor to withdraw more than 25% on any one day.
     
• For Series compliance purposes, the Series’ industry classifications refer to any one or more of the industry sub-classifications used by one or more widely recognized market indexes or rating group indexes, and/or as defined by the investment advisor. These definitions may not apply for purposes of this report, which may combine such industry sub-classifications for reporting ease.
• Financial futures contracts outstanding as of September 30, 2014 were as follows:

 

Contracts
Purchased		 Issue Exchange Expiration Notional
Value		   Unrealized
Depreciation		  
48 S&P MidCap 400 E-Mini Index Chicago Mercantile December 2014 $ 6,553,920  $ (259,678)  
63 Russell 2000 Mini Index ICE Futures U.S. Indices December 2014 $ 6,908,580   (348,187)  
Total           $ (607,865)  
                           

 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 29
           

 

 
 

Schedule of Investments (continued) Master Extended Market Index Series

 

•

Fair Value Measurements - Various inputs are used in determining the fair value of investments and derivative financial instruments. These inputs to valuation techniques are categorized into a disclosure hierarchy consisting of three broad levels for financial reporting purposes. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3. The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the fair value hierarchy classification is determined based on the lowest level input that is significant to the fair value measurement in its entirety. The categorization of a value determined for investments and derivative financial instruments is based on the pricing transparency of the investment and derivative financial instrument and is not necessarily an indication of the risks associated with investing in those securities. The three levels of the fair value hierarchy are as follows:

 

  • Level 1 — unadjusted quoted price in active markets/exchanges for identical assets or liabilities that the Master Series has the ability to access
 
  • Level 2 — other observable inputs (including, but not limited to, quoted prices for similar assets or liabilities in markets that are active, quoted prices for identical or similar assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the assets or liabilities (such as interest rates, yield curves, volatilities, prepayment speeds, loss severities, credit risks and default rates) or other market-corroborated inputs)
 
  • Level 3 — unobservable inputs based on the best information available in the circumstances, to the extent observable inputs are not available (including the Master Series' own assumptions used in determining the fair value of investments and derivative financial instruments)


Changes in valuation techniques may result in transfers into or out of an assigned level within the disclosure hierarchy. In accordance with the Master Series' policy, transfers between different levels of the fair value disclosure hierarchy are deemed to have occurred as of the beginning of the reporting period. For information about the Master Series’ policy regarding valuation of investments and derivative financial instruments, please refer to the Master Series’ most recent financial statements as contained in semi-annual report.


The following tables summarize the Master Series' investments and derivative financial instruments categorized in the disclosure hierarchy as of September 30, 2014:

 

 
  Level 1   Level 2   Level 3   Total  
 
Assets:   
Investments:  
Common Stocks:  
  Aerospace & Defense $ 10,254,120   —   — $ 10,254,120  
  Alternative Energy   1,100,320   —   —   1,100,320  
  Automobiles & Parts   13,621,173   —   —   13,621,173  
  Banks   31,275,116 $ 9,357   —   31,284,473  
  Beverages   418,994   —   —   418,994  
  Chemicals   15,485,568   —   —   15,485,568  
  Construction & Materials   13,753,290   —   —   13,753,290  
  Electricity   8,503,386   —   —   8,503,386  
  Electronic & Electrical Equipment   16,721,430   5,721   —   16,727,151  
  Financial Services   21,384,703   —   —   21,384,703  
  Fixed Line Telecommunications   2,954,563   —   —   2,954,563  
  Food & Drug Retailers   4,603,823   —   —   4,603,823  
  Food Producers   10,354,515   —   —   10,354,515  
  Forestry & Paper   1,634,177   —   —   1,634,177  
  Gas, Water & Multi-Utilities   8,909,724   —   —   8,909,724  
  General Industrials   7,833,697   —   —   7,833,697  
  General Retailers   28,924,901   —   —   28,924,901  
                                 

 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 30
           

 
 

Schedule of Investments (continued) Master Extended Market Index Series

 

 

 
  Level 1   Level 2   Level 3   Total  
 
Assets: (concluded)  
Investments: (concluded)  
Common Stocks: (concluded)  
  Health Care Equipment & Services $ 31,596,897   —   — $ 31,596,897  
  Household Goods & Home Construction   10,758,599   —   —   10,758,599  
  Industrial Engineering   19,016,539   —   —   19,016,539  
  Industrial Metals & Mining   4,965,826   —   —   4,965,826  
  Industrial Transportation   9,379,715   —   —   9,379,715  
  Leisure Goods   5,780,685   —   —   5,780,685  
  Life Insurance   3,271,663   —   —   3,271,663  
  Media   26,230,214 $ 4,842   —   26,235,056  
  Mining   3,300,533   —   —   3,300,533  
  Mobile Telecommunications   4,884,040   —   —   4,884,040  
  Nonlife Insurance   21,050,053   —   —   21,050,053  
  Oil & Gas Producers   23,313,501   1,970   —   23,315,471  
  Oil Equipment, Services & Distribution   16,228,575   —   —   16,228,575  
  Personal Goods   7,402,239   —   —   7,402,239  
  Pharmaceuticals & Biotechnology   35,079,124   —   —   35,079,124  
  Real Estate Investment & Services   6,392,744   —   —   6,392,744  
  Real Estate Investment Trusts (REITs)   53,632,079   —   —   53,632,079  
  Software & Computer Services   41,839,740   —   —   41,839,740  
  Support Services   28,597,139   —   —   28,597,139  
  Technology Hardware & Equipment   29,108,439   —   —   29,108,439  
  Tobacco   601,865   —   —   601,865  
  Travel & Leisure   34,795,760   —   —   34,795,760  
Other Interests   —   —   —   —  
Rights:  
  Technology Hardware & Equipment   —   —   22,302   22,302  
Warrants   —   —   —   —  
Short-Term Securities   13,023,047   6,911,154   —   19,934,201  
Total $ 627,982,516 $ 6,933,044 $ 22,302 $ 634,937,862  
                   
 
  Level 1   Level 2   Level 3   Total  
 
Derivative Financial Instruments 1      
Liabilities:                  
Equity contracts $ (607,865)   —   — $ (607,865 )
                                 

 

1 Derivative financial instruments are financial futures contracts, which are valued at the unrealized appreciation/depreciation on the instrument.
   

 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 31
           

 

 
 

Schedule of Investments (concluded) Master Extended Market Index Series

 

The Master Series may hold assets and/or liabilities in which the fair value approximates the carrying amount for financial reporting purposes. As of September 30, 2014, such assets and/or liabilities are categorized within the disclosure hierarchy as follows:
  

 

      Level 1  Level 2     Level 3    Total   
Assets:
 Cash pledged for financial futures contracts $ 648,000   —    —   $648,000 
Liabilities:                   
   Bank overdraft   —  $(79,806)   —    (79,806)
 Collateral on securities loaned at value   —   (6,911,154)   —    (6,911,154)
Total  $ 648,000  $(6,990,960)   —   $(6,342,960)

 

     
  QUANTITATIVE MASTER SERIES LLC September 30, 2014 32
           

 

 

 
 

Item 2 – Controls and Procedures

2(a) – The registrant's principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the ″1940 Act″)) are effective as of a date within 90 days of the filing of this report based on the evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rule 15d-15(b) under the Securities Exchange Act of 1934, as amended.
2(b) – There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant's last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant's internal control over financial reporting.
Item 3 – Exhibits
  Certifications – Attached hereto
  Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
     
  Master Extended Market Index Series of Quantitative Master Series LLC
     
  By: /s/ John M. Perlowski
    John M. Perlowski
    Chief Executive Officer (principal executive officer) of
    Master Extended Market Index Series of Quantitative Master Series LLC
     
  Date: November 24, 2014
     
  Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated
     
  By: /s/ John M. Perlowski
    John M. Perlowski
    Chief Executive Officer (principal executive officer)
    Master Extended Market Index Series of Quantitative Master Series LLC
     
  Date: November 24, 2014
     
  By: /s/ Neal J. Andrews
    Neal J. Andrews
    Chief Financial Officer (principal financial officer) of
    Master Extended Market Index Series of Quantitative Master Series LLC
     
  Date: November 24, 2014

 

 EX-99.CERT 2 e61544ex99cert.htm CERTIFICATION

EX-99. CERT

CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, John M. Perlowski, Chief Executive Officer (principal executive officer) of Master Extended Market Index Series of Quantitative Master Series LLC, certify that:

1.                   I have reviewed this report on Form N-Q of Master Extended Market Index Series of Quantitative Master Series LLC;

2.                   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.                   Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.                   The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a)                   designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)                   designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)                   evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

d)                   disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.                   The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)                   all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b)                   any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 24, 2014

/s/ John M. Perlowski

John M. Perlowski

Chief Executive Officer (principal executive officer) of
Master Extended Market Index Series of Quantitative Master Series LLC

 
 

EX-99. CERT

CERTIFICATION PURSUANT TO RULE 30a-2(a) UNDER THE 1940 ACT AND SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Neal J. Andrews, Chief Financial Officer (principal financial officer) of Master Extended Market Index Series of Quantitative Master Series LLC, certify that:

1.                   I have reviewed this report on Form N-Q of Master Extended Market Index Series of Quantitative Master Series LLC;

2.                   Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.                   Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4.                   The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

a)                   designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b)                   designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c)                   evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

d)                   disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5.                   The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

a)                   all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

b)                   any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: November 24, 2014

/s/ Neal J. Andrews

Neal J. Andrews

Chief Financial Officer (principal financial officer) of
Master Extended Market Index Series of Quantitative Master Series LLC