NPORT-EX 2 technologysoi.htm TECHNOLOGYSOI HTML

A&Q Technology Fund LLC

Schedule of Portfolio Investments

(Unaudited)

September 30, 2021  

 

 

 

        Investment Fund (a)        

       Geographic    
Focus		                 Cost                   Fair Value       % of
Members’
Capital		     Initial
Acquisition Date		     Redemption
  Frequency (b)  		       Redemption  
Notice
Period (c)		     First Available
    Redemption Date    		     Dollar Amount of  
Fair Value for
First Available
Redemption		  

Equity Hedged

                    

Alta Park Fund Onshore, LP

     US/Canada       $ 16,000,000           $ 20,259,184           10.25     %       7/1/2019       Quarterly       45 days       9/30/2021       (d)    $ 17,056,615  

Averill Partners L.P.

     US/Canada       10,000,000       9,701,152       4.91               4/1/2021       Quarterly       60 days       3/31/2023     (e),(f)    $ 1,203,982  

Avidity Capital Fund L.P.

     US/Canada       13,000,000       14,566,497       7.37               4/1/2020       Quarterly       60 days       9/30/2021        $ 14,566,497  

Biomedical Value Fund, L.P.

     US/Canada       12,145,756       14,189,264       7.18               3/1/2019       Quarterly       120 days       9/30/2021        $ 14,189,264  

Dantai US Feeder Fund

     Greater China       8,000,000       9,201,066       4.66               4/1/2021       Monthly       30 days       9/30/2022     (f)    $ 5,814,502  

G2 Investment Partners QP, L.P.

     US/Canada       8,379,322       21,607,716       10.93               5/1/2014       Monthly       60 days       9/30/2021     (g)    $ 10,803,858  

Jericho Capital Partners L.P.

     US/Canada       5,849,829       21,173,104       10.71               5/1/2011       Quarterly       60 days       9/30/2021        $ 21,173,104  

KCL Capital Fund L.P.

     Global       15,138,882       18,499,466       9.36               11/1/2018       Quarterly       65 days       9/30/2021        $ 18,499,466  

Light Street Argon, L.P.

     Global       14,000,000       16,073,381       8.13               7/1/2019       Quarterly       45 days       9/30/2021        $ 16,073,381  

Perceptive Life Sciences Qualified Fund, L.P.

     US/Canada       2,659,400       14,397,136       7.28               1/1/2013       Quarterly       45 days       9/30/2021        $ 14,397,136  

Visium Balanced Fund, L.P.

     US/Canada       -       -       0.00               1/1/2010       N/A       N/A       N/A     (h)     N/A  

Vista Public Strategies Onshore Fund, L.P.

     Global       10,626,284       16,834,374       8.52               8/1/2017       Quarterly       60 days       9/30/2021        $ 16,834,374  

Woodline Fund LP

     Global       20,350,000       25,656,566       12.98               8/1/2019       Quarterly       60 days       9/30/2021     (i),(j)    $ 5,778,318  
   

 

 

 

  

 

 

 

  

 

 

              

Equity Hedged Subtotal

       136,149,473       202,158,906       102.28                      
                   
   

 

 

 

  

 

 

 

  

 

 

              

Total

       $   136,149,473       $   202,158,906           102.28    %              
   

 

 

 

  

 

 

 

  

 

 

              

 

(a)

Each Investment Fund noted within the Schedule of Portfolio Investments is non-income producing.

(b)

Available frequency of redemptions after the initial lock-up period, if any. Different tranches may have varying liquidity terms.

(c)

Unless otherwise noted, the redemption notice periods are shown in calendar days.

(d)

A portion of this holding ($3,182,569) is under lock-up and is not redeemable without paying a fee.

(e)

A portion of the Investment Fund is subject to an investor level gate of 25%.

(f)

The holding is under lock-up and is not redeemable without paying a fee.

(g)

The Investment Fund is subject to an investor level gate of 50% during any 90-day period, without a penalty.

(h)

The Investment Fund is in liquidation. In addition to any redemption proceeds that may have already been received, the Fund will continue to receive proceeds periodically as the Investment Fund liquidates its underlying investments.

(i)

A portion of this holding ($2,543,295) is under lock-up and is not redeemable without paying a fee.

(j)

The Investment Fund is subject to an investor level gate of 25%.

Complete information about the Investment Funds’ underlying investments is not readily available.

The Fund’s valuation procedures require evaluation of all relevant factors available at the time the Fund values its portfolio. These relevant factors include the individual Investment Funds’ compliance with fair value measurements, price transparency and valuation procedures in place, and subscription and redemption activity.

A&Q Technology Fund LLC

Schedule of Portfolio Investments (continued)

(Unaudited)

September 30, 2021  

 

 

 

Portfolio Valuation

Net asset value of the Fund is determined by the Fund’s administrator, under the oversight of the Adviser, as of the close of business at the end of any fiscal period in accordance with the valuation principles or as may be determined from time to time pursuant to policies established by the Board of Directors.

The investments within the scope of ASC 820, for which fair value is measured using NAV as a practical expedient, should not be categorized within the fair value hierarchy. The total fair value of the investments in Investment Funds valued using NAV as a practical expedient is $202,158,906. Additional disclosures, including liquidity terms and conditions of the underlying investments, are included in the Schedule of Portfolio Investments.

The Investment Funds in the equity hedged strategy (total fair value of $202,158,906) generally utilize fundamental analysis to invest in publicly traded equities through both long and short positions seeking to capture perceived security mispricing. Portfolio construction is driven primarily by bottom-up fundamental research; top-down analysis may also be applied. As of September 30, 2021, the Investment Funds in the equity hedged strategy had $69,349,069, representing 34% of the value of the investments in this category, subject to an investor level gate or lock-ups. Included in this amount is $24,628,083, representing 12% of the value of the investments in this category, that cannot be redeemed in full because the investment includes restrictions that do not allow for redemptions in the first 12-24 months after acquisition. The remaining restriction period for these investments ranges from 1-19 months at September 30, 2021.

Investment Funds with no current redemption restrictions may be subject to future gates, lock-up provisions or other restrictions, in accordance with their offering documents. The Fund had no unfunded capital commitments as of September 30, 2021.

Please refer to the June 30, 2021 financial statements for full disclosure on the Fund’s portfolio valuation methodology.