NPORT-P false 0001105076 XXXXXXXX S000030113 C000092484 C000127229 C000092485 ARBITRAGE FUNDS 811-09815 0001105076 549300NPBJYDNFZ58M30 C/O WATER ISLAND CAPITAL, LLC 104 FIFTH AVENUE, 9TH FLOOR NEW YORK 10011 800-560-8210 Water Island Event-Driven Fund S000030113 71ZPS0ACY0O0VMTK8636 2026-05-31 2026-05-31 N 60566741.07 10493382.38 50073358.69 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 695735.00000000 0.00000000 0.00000000 62029.78000000 N Securities Portfolio VaR Designated Reference Portfolio is the Fund`s Securities Portfolio SEK CASH COLLATERAL N/A 000000000 -11.68000000 NS -1.27000000 -0.00000253627 Short STIV CORP SE N 1 N N N EQT Corp 4NT01YGM4X7ZX86ISY52 26884L109 4000.00000000 NS USD 219720.00000000 0.438796209697 Long EC CORP US N 1 N N N CONTRA HOLOGIC INCORPO 549300DYP6F5ZJL0LB74 436CVR021 29603.00000000 NS USD 0.00000000 0.000000 N/A DE US Y 3 N/A N/A Hologic, Inc. Hologic, Inc. 2099-12-31 XXXX -296.03000000 N N N State Street SPDR S&P 500 ETF Trust 549300NZAMSJ8FXPQQ63 78462F103 -4200.00000000 NS USD -3177216.00000000 -6.34512260236 Short EC RF US N 1 N N N Penn Entertainment Inc N/A 707569109 22000.00000000 NS USD 414260.00000000 0.827306198021 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -74.78000000 -0.00014934089 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 10345.06000000 USD 8800.00000000 EUR 2026-06-15 -74.78000000 N N N CONTRA ARCELLX INC N/A 039CVR014 10933.00000000 NS USD 0.00000000 0.000000 N/A DE US Y 3 N/A N/A Arcellx, Inc. Arcellx, Inc. 2099-12-31 XXXX -765.31000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 -100.00000000 NC USD -3900.00000000 -0.00778857281 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Written State Street SPDR S&P 500 ETF Trust State Street SPDR S&P 500 ETF Trust 100.00000000 670.00000000 USD 2026-06-18 XXXX 69414.70000000 N N N Warner Bros Discovery Inc 5493006ZCRFWKF6B1K26 934423104 74026.00000000 NS USD 1999442.26000000 3.993026056786 Long EC CORP US N 1 N N N KalVista Pharmaceuticals Inc 529900Q7IDA3WUGRZA51 483497103 37497.00000000 NS USD 1007544.39000000 2.012136625860 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1045166.04000000 OU Notional Amount USD -187666.12000000 -0.37478236912 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Union Pacific Corp. Union Pacific Corp. Y equity-performance leg 2027-05-06 0.00000000 USD 0.00000000 USD 1045166.04000000 USD -187666.12000000 N N N EchoStar Corp 549300EE20907QZ9GT38 278768106 2800.00000000 NS USD 361732.00000000 0.722404107620 Long EC CORP US N 1 N N N Endeavor Group Holdings Inc N/A 29260Y109 66527.00000000 NS USD 2036019.85000000 4.066074062666 Long EC CORP US N 3 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 -8.00000000 NC USD -8120.00000000 -0.01621620800 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Call Written EchoStar Corp. EchoStar Corp. 100.00000000 130.00000000 USD 2026-06-18 XXXX -853.38000000 N N N Dominion Energy Inc ILUL7B6Z54MRYCF6H308 25746U109 11009.00000000 NS USD 736942.46000000 1.471725642696 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -11.07000000 -0.00002210756 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 9000.00000000 CAD 6520.92000000 USD 2026-06-15 -11.07000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -8.87000000 -0.00001771401 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 10800.00000000 CAD 7829.52000000 USD 2026-06-15 -8.87000000 N N N Olaplex Inc 254900QYCAW2BUUZ1O97 67936UAB7 694000.00000000 PA USD 695627.43000000 1.389216637746 Long LON CORP US N 2 2029-02-23 None 0.00000000 N N N N N N Gladstone Capital Corp 549300AWMOT9JR1SIJ74 376535878 -1949.00000000 NS USD -37752.13000000 -0.07539364442 Short EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 168.23000000 0.000335967077 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 16200.00000000 CAD 11925.82000000 USD 2026-06-15 168.23000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 42.24000000 0.000084356234 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 17400.00000000 CAD 12670.76000000 USD 2026-06-15 42.24000000 N N N KENNEDY-WILSON INC 5EA4464UK7FM5QNNKL62 489399AM7 804000.00000000 PA USD 810436.02000000 1.618497422985 Long DBT CORP US N 2 2031-03-01 Fixed 5.00000000 N N N N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 92.85000000 0.000185427944 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 10800.00000000 CAD 7931.24000000 USD 2026-06-15 92.85000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -207.23000000 -0.00041385280 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 13561.53000000 USD 18400.00000000 CAD 2026-06-15 -207.23000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -154.65000000 -0.00030884686 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 24896.68000000 USD 21200.00000000 EUR 2026-06-15 -154.65000000 N N N Catalyst Pharmaceuticals Inc 5299004O0R5XXLA5H544 14888U101 40549.00000000 NS USD 1266345.27000000 2.528980086676 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -42.71000000 -0.00008529485 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 12800.00000000 CAD 9247.24000000 USD 2026-06-15 -42.71000000 N N N Sila Realty Trust Inc 549300HXH142HWKKSW59 146280508 24978.00000000 NS USD 755334.72000000 1.508456272478 Long EC US N 1 N N N Public Storage 254900GLQZAD4N7N5Q19 74460D109 -4876.00000000 NS USD -1480792.44000000 -2.95724608602 Short EC US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -35.98000000 -0.00007185457 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 11200.00000000 EUR 13035.28000000 USD 2026-06-15 -35.98000000 N N N iHeartMedia Inc N/A 45174J509 -3317.00000000 NS USD -14296.27000000 -0.02855065123 Short EC CORP US N 1 N N N LiveRamp Holdings Inc 254900GXS75LG1X7RF88 53815P108 46269.00000000 NS USD 1737863.64000000 3.470635254884 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 34.00000000 NC USD 1394.00000000 0.002783915512 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Warner Bros Discovery, Inc. Warner Bros Discovery, Inc. 100.00000000 21.00000000 USD 2026-09-18 XXXX -187.10000000 N N N Pacific Biosciences of California Inc 529900F1BWRE1M0KZN89 69404D108 227017.00000000 NS USD 338255.33000000 0.675519555406 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 88.87000000 0.000177479606 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 10800.00000000 CAD 7927.26000000 USD 2026-06-15 88.87000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 377.00000000 NC USD 3770.00000000 0.007528953716 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Organon & Co. Organon & Co. 100.00000000 11.00000000 USD 2026-12-18 XXXX -6284.63000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -164.84000000 -0.00032919701 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 27007.61000000 USD 23000.00000000 EUR 2026-06-15 -164.84000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -71.44000000 -0.00014267067 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 28000.00000000 EUR 32606.71000000 USD 2026-06-15 -71.44000000 N N N Aura Biosciences Inc N/A 05153U107 42000.00000000 NS USD 313740.00000000 0.626560726517 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 71.00000000 NC USD 0.00000000 0.000000 N/A DE ES N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Call Purchased Banco Santander SA Banco Santander SA 100.00000000 14.00000000 USD 2026-06-18 XXXX -2696.14000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 110.72000000 0.000221115585 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 12600.00000000 CAD 9255.51000000 USD 2026-06-15 110.72000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -113.94000000 -0.00022754615 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 12700.00000000 EUR 14707.94000000 USD 2026-06-15 -113.94000000 N N N Caesars Entertainment Inc 549300FA4CTCW903Y781 12769G100 64314.00000000 NS USD 1868321.70000000 3.731169126414 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 39.75000000 0.000079383530 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 9250.20000000 USD 12800.00000000 CAD 2026-06-15 39.75000000 N N N IHEARTCOMMUNICATIONS INC 54930076J6KDZL504O62 45174HBM8 398000.00000000 PA USD 365471.46000000 0.729872070820 Long DBT CORP US N 2 2030-08-15 Fixed 7.75000000 N N N N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 18.12000000 0.000036186907 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 10142.76000000 USD 14000.00000000 CAD 2026-06-15 18.12000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -51.65000000 -0.00010314866 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 10555.34000000 USD 9000.00000000 EUR 2026-06-15 -51.65000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 90.32000000 0.000180375358 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 8700.00000000 EUR 10243.89000000 USD 2026-06-15 90.32000000 N N N CONTRA AKERO THERAPEUT 549300SI3KG74LBE2955 009CVR044 16553.00000000 NS USD 11254.38000000 0.022475784118 N/A DE US Y 3 N/A N/A Akero Therapeutics, Inc. Akero Therapeutics, Inc. 2099-12-31 XXXX 494.93000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 193.95000000 0.000387331717 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 25900.00000000 EUR 30421.24000000 USD 2026-06-15 193.95000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 65.00000000 NC USD 4225.00000000 0.008437620544 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased Electronic Arts, Inc. Electronic Arts, Inc. 100.00000000 200.00000000 USD 2026-06-18 XXXX -26744.65000000 N N N Boston Scientific Corp Y6ZDD9FP4P8JSSJMW954 101137107 -6270.00000000 NS USD -302903.70000000 -0.60491987740 Short EC CORP US N 1 N N N Whitestone REIT N/A 966084204 39356.00000000 NS USD 750912.48000000 1.499624749857 Long EC US N 1 N N N GLADSTONE CAPITAL CORP 549300AWMOT9JR1SIJ74 376535AG5 232000.00000000 PA USD 220864.00000000 0.441080857721 Long DBT CORP US N 2 2030-10-01 Fixed 5.87500000 N N N N N Gladstone Capital Corp. USD XXXX N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 81920.23000000 OU Notional Amount USD 1985.83000000 0.003965841421 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Kimberly-Clark Corp. Kimberly-Clark Corp. Y equity-performance leg 2026-12-04 0.00000000 USD 0.00000000 USD 81920.23000000 USD 1985.83000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -154.75000000 -0.00030904657 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 17894.32000000 USD 15200.00000000 EUR 2026-06-15 -154.75000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -185.41000000 -0.00037027673 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 37600.00000000 CAD 27103.81000000 USD 2026-06-15 -185.41000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 63.44000000 0.000126694117 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 8645.89000000 USD 12000.00000000 CAD 2026-06-15 63.44000000 N N N BAUSCH + LOMB CORP 549300NY6OZM39SO6475 071705AA5 790000.00000000 PA USD 815675.00000000 1.628960032519 Long DBT CORP CA N 2 2028-10-01 Fixed 8.37500000 N N N N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -94.15000000 -0.00018802413 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 11416.27000000 USD 15600.00000000 CAD 2026-06-15 -94.15000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 308.00000000 NC USD 0.00000000 0.000000 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased KalVista Pharmaceuticals, Inc. KalVista Pharmaceuticals, Inc. 100.00000000 20.00000000 USD 2026-09-18 XXXX -4340.12000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -160.44000000 -0.00032040990 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 16417.85000000 USD 22400.00000000 CAD 2026-06-15 -160.44000000 N N N CONTRA ABIOMED INC N/A 003CVR016 13890.00000000 NS USD 22224.00000000 0.044382882597 N/A DE US Y 3 N/A N/A ABIOMED Inc. ABIOMED Inc. 2099-12-31 XXXX 8056.20000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 81.99000000 0.000163739765 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 28161.27000000 USD 24200.00000000 EUR 2026-06-15 81.99000000 N N N RAPID7 INC 549300GNVG5D60KEYN14 753422AH7 768000.00000000 PA USD 633600.00000000 1.265343521137 Long DBT CORP US N 2 2029-03-15 Fixed 1.25000000 N N N N Y Rapid7, Inc. USD XXXX N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -5341.97000000 -0.01066828776 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 390827.44000000 USD 330300.00000000 EUR 2026-06-15 -5341.97000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -72.08000000 -0.00014394880 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 13600.00000000 CAD 9798.49000000 USD 2026-06-15 -72.08000000 N N N Norfolk Southern Corp 54930036C8MWP850MI84 655844108 4694.00000000 NS USD 1431482.24000000 2.858770167310 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -113.27000000 -0.00022620811 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 12959.52000000 USD 17700.00000000 CAD 2026-06-15 -113.27000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -35.83000000 -0.00007155501 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 36000.00000000 CAD 26092.15000000 USD 2026-06-15 -35.83000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -9200.09000000 -0.01837322328 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 772900.00000000 GBP 1031636.31000000 USD 2026-06-15 -9200.09000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 225.05000000 0.000449440592 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 22200.00000000 CAD 16337.30000000 USD 2026-06-15 225.05000000 N N N Viking Therapeutics Inc 529900IVC72YPFA25M37 92686J106 8000.00000000 NS USD 261920.00000000 0.523072561642 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 72.98000000 0.000145746165 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 15600.00000000 CAD 11395.10000000 USD 2026-06-15 72.98000000 N N N Penumbra Inc 549300RGE06P3ECANU72 70975L107 6055.00000000 NS USD 1927306.50000000 3.848965898077 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 120.36000000 0.000240367339 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 27300.00000000 EUR 31981.56000000 USD 2026-06-15 120.36000000 N N N Avanos Medical Inc 549300YCXWOM7NEWMQ58 05350V106 20485.00000000 NS USD 508028.00000000 1.014567453214 Long EC CORP US N 1 N N N Amneal Pharmaceuticals Inc 549300VV176ZO5WQHZ61 03168L105 64000.00000000 NS USD 842880.00000000 1.683290320543 Long EC CORP US N 1 N N N CONTRA ALBIREO PHARMA 549300835H8LC7O8VC29 013CVR022 34047.00000000 NS USD 99672.59000000 0.199053134456 N/A DE US Y 3 N/A N/A Albireo Pharma, Inc. Albireo Pharma, Inc. 2099-12-31 XXXX 26471.54000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 20.39000000 0.000040720256 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 8400.00000000 CAD 6116.92000000 USD 2026-06-15 20.39000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -264.40000000 -0.00052802529 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 84800.00000000 GBP 113932.68000000 USD 2026-06-15 -264.40000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 -8.00000000 NC USD -2520.00000000 -0.00503261627 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Written EchoStar Corp. EchoStar Corp. 100.00000000 110.00000000 USD 2026-06-18 XXXX 8196.62000000 N N N XOMA Royalty Corp N/A 98419J206 12194.00000000 NS USD 508611.74000000 1.015733222827 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -197.23000000 -0.00039388210 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 20854.49000000 USD 17700.00000000 EUR 2026-06-15 -197.23000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 40.00000000 NC USD 6440.00000000 0.012861130486 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Purchased State Street SPDR S&P 500 ETF Trust State Street SPDR S&P 500 ETF Trust 100.00000000 720.00000000 USD 2026-06-18 XXXX -34106.92000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -120.95000000 -0.00024154561 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 12749.47000000 USD 17400.00000000 CAD 2026-06-15 -120.95000000 N N N Dick's Sporting Goods Inc 529900SSBV5I4LWSK313 253393102 2300.00000000 NS USD 523411.00000000 1.045288380275 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 856.12000000 0.001709731526 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 207600.00000000 GBP 280423.51000000 USD 2026-06-15 856.12000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 174.60000000 0.000348688413 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 32800.00000000 CAD 23980.09000000 USD 2026-06-15 174.60000000 N N N Beazley PLC 213800VTOMUWD41GIT12 000000000 29387.00000000 NS 506961.72000000 1.012438017466 Long EC CORP GB N 1 N N N CONTRA AVADEL PHARMACE 549300E27PTSG2RHC762 000000000 35059.00000000 NS USD 23082.85000000 0.046098066125 N/A DE IE Y 3 N/A N/A Avadel Pharmaceuticals PLC Avadel Pharmaceuticals PLC 2099-12-31 XXXX 645.09000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 9018.59000000 0.018010755092 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 824800.00000000 CAD 607639.54000000 USD 2026-06-15 9018.59000000 N N N ESC PIVOTAL SOFTWARE I N/A 725ESC016 745.00000000 NS USD 0.00000000 0.000000 Long EC CORP US N 3 N N N Alaska Air Group Inc 529900G48RT4KWLC6C27 011659109 12000.00000000 NS USD 552240.00000000 1.102861909900 Long EC CORP US N 1 N N N Advanced Micro Devices Inc R2I72C950HOYXII45366 007903107 -1600.00000000 NS USD -825760.00000000 -1.64910048297 Short EC CORP US N 1 N N N Centessa Pharmaceuticals PLC 213800GIDAARDSKOI827 152309100 12500.00000000 NS USD 497000.00000000 0.992543765791 Long EC CORP GB N 1 N N N Skechers USA Inc 529900D2R54KZPA4XR56 830566105 39204.00000000 NS USD 642553.56000000 1.283224406770 Long EC CORP US N 3 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -12622.04000000 -0.02520709680 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 1214300.00000000 EUR 1404559.32000000 USD 2026-06-15 -12622.04000000 N N N Janus Henderson Group PLC 2138009WPYMWJN3RVF44 000000000 45590.00000000 NS USD 2357458.90000000 4.708010330592 Long EC CORP JE N 1 N N N CONTRA APELLIS PHARMAC 254900HS0ZFRXXSB9D42 037CVR016 8000.00000000 NS USD 240.80000000 0.000480894444 N/A DE US Y 3 N/A N/A Apellis Pharmaceuticals, Inc. Apellis Pharmaceuticals, Inc. 2099-12-31 XXXX 0.80000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -122.82000000 -0.00024528013 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 13186.81000000 USD 18000.00000000 CAD 2026-06-15 -122.82000000 N N N Schroders PLC 2138001YYBULX5SZ2H24 000000000 161069.00000000 NS 1266763.66000000 2.529815640773 Long EC CORP GB N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 4143.09000000 0.008274040544 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 546600.45000000 USD 471900.00000000 EUR 2026-06-15 4143.09000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 94.00000000 NC USD 470.00000000 0.000938622877 N/A DE GB N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Centessa Pharmaceuticals PLC Centessa Pharmaceuticals PLC 100.00000000 35.00000000 USD 2026-07-17 XXXX -2983.99000000 N N N MORGAN STANLEY PRIME BROKER CA N/A 000000000 7.31000000 NS 5.30000000 0.000010584470 Long STIV CORP CA N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -47.75000000 -0.00009536009 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 17300.00000000 GBP 23249.53000000 USD 2026-06-15 -47.75000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 -8.00000000 NC USD -17040.00000000 -0.03403007196 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Call Written EchoStar Corp. EchoStar Corp. 100.00000000 110.00000000 USD 2026-06-18 XXXX -4893.38000000 N N N Organon & Co 549300AMCKY57OK2CO56 68622V106 74133.00000000 NS USD 988934.22000000 1.974970814565 Long EC CORP US N 1 N N N EMRLD Borrower LP 5493000GJYE7GAQCUC61 26872NAC3 285281.41000000 PA USD 285746.42000000 0.570655589070 Long LON CORP US N 2 2030-05-31 Floating 5.91600000 N N N N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 -4.00000000 NC USD -1564.00000000 -0.00312341740 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Written Advanced Micro Devices, Inc. Advanced Micro Devices, Inc. 100.00000000 460.00000000 USD 2026-06-05 XXXX 2489.31000000 N N N TXNM Energy Inc 5493003JOBJGLZSDDQ28 69349H107 25138.00000000 NS USD 1488420.98000000 2.972480814028 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 2.94000000 0.000005871385 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 4787.19000000 USD 6600.00000000 CAD 2026-06-15 2.94000000 N N N Kenvue Inc 5493008HSF8L4M2LIJ82 49177J102 20045.00000000 NS USD 346377.60000000 0.691740296760 Long EC CORP US N 1 N N N CONTRA METSERA INC N/A 592CVR013 8653.00000000 NS USD 44646.02000000 0.089161224986 N/A DE US Y 3 N/A N/A Metsera, Inc. Metsera, Inc. 2099-12-31 XXXX 2246.32000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -31.18000000 -0.00006226864 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 18000.00000000 CAD 13032.81000000 USD 2026-06-15 -31.18000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -250.82000000 -0.00050090508 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 49000.00000000 EUR 56935.94000000 USD 2026-06-15 -250.82000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -47.23000000 -0.00009432161 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 16152.89000000 USD 13800.00000000 EUR 2026-06-15 -47.23000000 N N N CONTRA CONCERT PHARMAC 529900PYI5BSGQNATP82 206CVR011 154954.00000000 NS USD 78003.84000000 0.155779124949 N/A DE US Y 3 N/A N/A Concert Pharmaceuticals, Inc. Concert Pharmaceuticals, Inc. 2099-12-31 XXXX 20670.86000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -94.80000000 -0.00018932223 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 8586.39000000 USD 11700.00000000 CAD 2026-06-15 -94.80000000 N N N Stellar Bancorp Inc 54930070P8Z0WHFBB536 858927106 19302.00000000 NS USD 720736.68000000 1.439361566421 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 214.26000000 0.000427892207 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 13600.00000000 EUR 16086.50000000 USD 2026-06-15 214.26000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -157.25000000 -0.00031403924 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 27200.00000000 CAD 19583.89000000 USD 2026-06-15 -157.25000000 N N N Bristol-Myers Squibb Co HLYYNH7UQUORYSJQCN42 110122157 67803.00000000 NS USD 76278.38000000 0.152333260631 N/A DE US Y 3 N/A N/A Bristol-Myers Squibb Co Bristol-Myers Squibb Co 2021-03-31 XXXX -34502.31000000 N N N MORGAN STANLEY PRIME BROKER EU N/A 000000000 -1.32000000 NS -1.54000000 -0.00000307548 Short CORP EE N 1 N N N National Storage Affiliates Trust 529900FS06O8GOYNR108 637870106 34833.00000000 NS USD 1485627.45000000 2.966901939207 Long EC US N 1 N N N Boeing Co/The RVHJWBXLJ1RFUBSY1F30 097023105 2800.00000000 NS USD 647220.00000000 1.292543613874 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -102.29000000 -0.00020428028 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 14400.00000000 EUR 16703.62000000 USD 2026-06-15 -102.29000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 -4.00000000 NC USD -2040.00000000 -0.00407402270 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Put Written Advanced Micro Devices, Inc. Advanced Micro Devices, Inc. 100.00000000 470.00000000 USD 2026-06-05 XXXX 3153.31000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 80.00000000 NC USD 0.00000000 0.000000 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Apellis Pharmaceuticals, Inc. Apellis Pharmaceuticals, Inc. 100.00000000 30.00000000 USD 2026-07-17 XXXX -2054.83000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -5221.05000000 -0.01042680206 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 392400.00000000 GBP 523209.80000000 USD 2026-06-15 -5221.05000000 N N N Bayer AG 549300J4U55H3WP1XT59 000000000 20000.00000000 NS 852171.66000000 1.701846415527 Long EC CORP DE N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -312.46000000 -0.00062400447 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 32972.43000000 USD 45000.00000000 CAD 2026-06-15 -312.46000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -36.01000000 -0.00007191448 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 9616.27000000 USD 13200.00000000 CAD 2026-06-15 -36.01000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -115.09000000 -0.00022984278 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 11202.32000000 USD 9500.00000000 EUR 2026-06-15 -115.09000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -113.23000000 -0.00022612823 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 16370.64000000 USD 22400.00000000 CAD 2026-06-15 -113.23000000 N N N NextEra Energy Inc 254900RHL9MEUS5NKX63 65339F101 -8959.00000000 NS USD -779522.59000000 -1.55676114084 Short EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 230.83000000 0.000460983656 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 30400.00000000 EUR 35709.96000000 USD 2026-06-15 230.83000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 68.83000000 0.000137458324 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 13352.55000000 USD 11500.00000000 EUR 2026-06-15 68.83000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -1832.94000000 -0.00366050939 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 175874.29000000 USD 239800.00000000 CAD 2026-06-15 -1832.94000000 N N N CONTRA TREEHOUSE FOODS 5493007M7EVHE470Q576 894CVR018 5664.00000000 NS USD 11248.70000000 0.022464440761 N/A DE US Y 3 N/A N/A TreeHouse Foods, Inc. TreeHouse Foods, Inc. 2099-12-31 XXXX 317.18000000 N N N Rapid7 Inc 549300GNVG5D60KEYN14 753422104 -1766.00000000 NS USD -14799.08000000 -0.02955479797 Short EC CORP US N 1 N N N Prosperity Bancshares Inc N/A 743606105 -7340.00000000 NS USD -506166.40000000 -1.01084970779 Short EC CORP US N 1 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 31.00000000 NC USD 5580.00000000 0.011143650328 N/A DE GB N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Centessa Pharmaceuticals PLC Centessa Pharmaceuticals PLC 100.00000000 40.00000000 USD 2026-07-17 XXXX -762.72000000 N N N Masimo Corp 549300Q4A8JK0PIYCU29 574795100 7832.00000000 NS USD 1397620.40000000 2.791145704150 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 68.16000000 0.000136120287 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 16037.50000000 USD 13800.00000000 EUR 2026-06-15 68.16000000 N N N Silicon Laboratories Inc 4PRDF8Q9TDHRVZKZSZ47 826919102 3444.00000000 NS USD 749414.40000000 1.496632979304 Long EC CORP US N 1 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 346.00000000 NC USD 14186.00000000 0.028330434329 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Warner Bros Discovery, Inc. Warner Bros Discovery, Inc. 100.00000000 22.00000000 USD 2026-09-18 XXXX -4482.56000000 N N N Cineplex Inc 549300WDU0AS30W35T75 172454100 60000.00000000 NS 475682.73000000 0.949971686430 Long EC CORP CA N 1 N N N Electronic Arts Inc 549300O7A67PUEYKDL45 285512109 11451.00000000 NS USD 2309895.72000000 4.613023333026 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 391.68000000 0.000782212358 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 71200.00000000 CAD 52067.01000000 USD 2026-06-15 391.68000000 N N N United Airlines Holdings Inc 98450079DA0B78DD6764 910047109 3600.00000000 NS USD 413280.00000000 0.825349069469 Long EC CORP US N 1 N N N IHEARTCOMMUNICATIONS INC 54930076J6KDZL504O62 45174HBJ5 288000.00000000 PA USD 279159.35000000 0.557500749506 Long DBT CORP US N 2 2029-05-01 Fixed 9.12500000 N N N N N N QXO Inc 549300HDXQWWCBOYXP31 82846H405 16000.00000000 NS USD 276000.00000000 0.551191306556 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -3.71000000 -0.00000740912 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 8422.72000000 USD 11600.00000000 CAD 2026-06-15 -3.71000000 N N N SkyWest Inc 529900UYS2KGS6Z42P09 830879102 6800.00000000 NS USD 582420.00000000 1.163133481030 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 38.77000000 0.000077426402 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 16767.14000000 USD 14400.00000000 EUR 2026-06-15 38.77000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -173.06000000 -0.00034561292 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 12801.58000000 USD 17400.00000000 CAD 2026-06-15 -173.06000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -110.78000000 -0.00022123540 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 12884.46000000 USD 17600.00000000 CAD 2026-06-15 -110.78000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 143.00000000 NC USD 0.00000000 0.000000 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased Soleno Therapeutics, Inc. Soleno Therapeutics, Inc. 100.00000000 45.00000000 USD 2026-06-18 XXXX -5186.36000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -96.40000000 -0.00019251754 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 14451.44000000 USD 12300.00000000 EUR 2026-06-15 -96.40000000 N N N NCR ATLEOS LLC 9845005FC3S0VA714741 638962AA8 864000.00000000 PA USD 923730.05000000 1.844753525959 Long DBT CORP US N 2 2029-04-01 Fixed 9.50000000 N N N N N N Kimberly-Clark Corp MP3J6QPYPGN75NVW2S34 494368103 -733.00000000 NS USD -71540.80000000 -0.14287198197 Short EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -47.10000000 -0.00009406199 N/A DFE GB N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 25633.71000000 USD 19000.00000000 GBP 2026-06-15 -47.10000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 100.00000000 NC USD 7900.00000000 0.015776852615 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased State Street SPDR S&P 500 ETF Trust State Street SPDR S&P 500 ETF Trust 100.00000000 700.00000000 USD 2026-06-18 XXXX -128027.30000000 N N N Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 000000000 35.00000000 NC USD 0.00000000 0.000000 N/A DE US N 1 Goldman Sachs & Co. LLC FOR8UP27PHTHYVLBNG30 Put Purchased KalVista Pharmaceuticals, Inc. KalVista Pharmaceuticals, Inc. 100.00000000 17.50000000 USD 2026-09-18 XXXX -385.90000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -29.81000000 -0.00005953265 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 8303.67000000 USD 11400.00000000 CAD 2026-06-15 -29.81000000 N N N QXO Inc 549300HDXQWWCBOYXP31 82846H405 -34008.00000000 NS USD -586638.00000000 -1.17155712208 Short EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 112.73000000 0.000225129695 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 16400.00000000 CAD 12015.47000000 USD 2026-06-15 112.73000000 N N N Chart Industries Inc EM7QGKC1GYOF3LSZSL80 16115Q308 9608.00000000 NS USD 1996734.56000000 3.987618590479 Long EC CORP US N 1 N N N CONTRA RESOLUTE FOREST N/A 761CVR042 68936.00000000 NS USD 105058.46000000 0.209809093594 N/A DE US Y 3 N/A N/A Resolute Forest Products, Inc. Resolute Forest Products, Inc. 2099-12-31 XXXX 7169.34000000 N N N VF Corp CWAJJ9DJ5Z7P057HV541 918204108 20000.00000000 NS USD 343600.00000000 0.686193235263 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 147.68000000 0.000294927290 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 25528.01000000 USD 22000.00000000 EUR 2026-06-15 147.68000000 N N N MORGAN STANLEY PRIME BROKER US N/A 000000000 7846388.57000000 NS USD 7846388.57000000 15.66978683929 Long CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -24.26000000 -0.00004844891 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 6411.10000000 USD 8800.00000000 CAD 2026-06-15 -24.26000000 N N N TopBuild Corp 5493007YSKHOL4RWII46 89055F103 3061.00000000 NS USD 1277906.28000000 2.552068232353 Long EC CORP US N 1 N N N DigitalBridge Group Inc 549300XG87L902AGBO89 25401T603 103021.00000000 NS USD 1611248.44000000 3.217775843588 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -2152.35000000 -0.00429839350 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 119900.00000000 EUR 137780.16000000 USD 2026-06-15 -2152.35000000 N N N Intertek Group PLC 2138003GAT25WW1RN369 000000000 2002.00000000 NS 143432.15000000 0.286444036814 Long EC CORP GB N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -2634.38000000 -0.00526104113 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 220600.00000000 EUR 254822.76000000 USD 2026-06-15 -2634.38000000 N N N CHART INDUSTRIES INC EM7QGKC1GYOF3LSZSL80 16115QAF7 1000000.00000000 PA USD 1035258.00000000 2.067482643633 Long DBT CORP US N 2 2030-01-01 Fixed 7.50000000 N N N N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 68.35000000 0.000136499731 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 10963.46000000 USD 15200.00000000 CAD 2026-06-15 68.35000000 N N N ECHOSTAR CORP 549300EE20907QZ9GT38 278768AA4 1860000.00000000 PA USD 1899869.10000000 3.794171490995 Long DBT CORP US N 2 2030-11-30 Fixed 6.75000000 N N Y N N N 2026-06-17 ARBITRAGE FUNDS Jonathon Hickey Jonathon Hickey Treasurer