NPORT-P false 0001779306 XXXXXXXX S000067196 C000216184 AltShares Trust 811-23475 0001779306 549300MJC5CESCLT8M40 C/O WATER ISLAND CAPITAL, LLC 104 FIFTH AVENUE, 9TH FLOOR New York 10011 800-560-8210 AltShares Merger Arbitrage ETF S000067196 549300253RKVXL6EB213 2026-05-31 2026-02-28 N 120215634.56 16827397.93 103388236.63 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 N Water Island Merger Arbitrage USD Hedged Index WIMARBH Just Group PLC 5493006456YEZEELRR90 000000000 356225.00000000 NS 1039344.84000000 1.005283457652 Long EC CORP GB N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -19215.87000000 -0.01858612800 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 2379590.00000000 CAD 1726317.71000000 USD 2026-03-16 -19215.87000000 N N N Onestream Inc 254900CRBCHIYDC37W82 68278B107 90104.00000000 NS USD 2125553.36000000 2.055894779990 Long EC CORP US N 1 N N N Clear Channel Outdoor Holdings Inc 254900XBEE6V1ENYS150 18453H106 434198.00000000 NS USD 1042075.20000000 1.007924338364 Long EC CORP US N 1 N N N Warner Bros Discovery Inc 5493006ZCRFWKF6B1K26 934423104 138979.00000000 NS USD 3915038.43000000 3.786734891330 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 9106.71000000 0.008808265134 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 298300.00000000 GBP 411118.58000000 USD 2026-03-16 9106.71000000 N N N BPER Banca SPA N747OI7JINV7RUUH6190 000000000 -115708.00000000 NS -1642014.25000000 -1.58820220125 Short EC CORP IT N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 2104845.56000000 OU Notional Amount USD -322371.24000000 -0.31180649801 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Union Pacific Corp. Union Pacific Corp. Y equity-performance leg 2026-11-03 0.00000000 USD 0.00000000 USD 2104845.56000000 USD -322371.24000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 81.68000000 0.000079003185 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 379990.00000000 CAD 278821.00000000 USD 2026-03-16 81.68000000 N N N Exact Sciences Corp 549300VM3X1FYD4N9Z14 30063P105 30060.00000000 NS USD 3107602.80000000 3.005760521016 Long EC CORP US N 1 N N N Nicolet Bankshares Inc N/A 65406E102 1.00000000 NS USD 152.76000000 0.000147753753 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -1934.94000000 -0.00187152819 N/A DFE GB N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 156648.19000000 USD 114800.00000000 GBP 2026-03-16 -1934.94000000 N N N SkyWater Technology Inc N/A 83089J108 34152.00000000 NS USD 1006117.92000000 0.973145449419 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -4538.31000000 -0.00438958062 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 343042.63000000 USD 286300.00000000 EUR 2026-03-16 -4538.31000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -815.35000000 -0.00078862937 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 66470.00000000 CAD 47943.31000000 USD 2026-03-16 -815.35000000 N N N Calavo Growers Inc N/A 128246105 39378.00000000 NS USD 1056905.52000000 1.022268639499 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -2977.91000000 -0.00288031801 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 426043.29000000 USD 357820.00000000 EUR 2026-03-16 -2977.91000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 2594.31000000 0.002509289339 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 271930.00000000 EUR 324108.39000000 USD 2026-03-16 2594.31000000 N N N Banca Popolare di Sondrio SPA J48C8PCSJVUBR8KCW529 000000000 79726.00000000 NS 1620313.12000000 1.567212260132 Long EC CORP IT N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -10008.38000000 -0.00968038562 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 1317160.00000000 CAD 956186.22000000 USD 2026-03-16 -10008.38000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 16393.83000000 0.015856571825 N/A DFE GB N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 2290423.89000000 USD 1711700.00000000 GBP 2026-03-16 16393.83000000 N N N Diamond Hill Investment Group Inc 549300AQ6779A0B7VZ57 25264R207 2852.00000000 NS USD 490173.24000000 0.474109295194 Long EC CORP US N 1 N N N Cantaloupe Inc 529900O54DBQQVWO9Q85 138103106 101635.00000000 NS USD 1061069.40000000 1.026296060931 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -5044.16000000 -0.00487885291 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 332690.00000000 EUR 388308.98000000 USD 2026-03-16 -5044.16000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 1726.36000000 0.001669783774 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 415410.68000000 USD 568660.00000000 CAD 2026-03-16 1726.36000000 N N N State Street Global Advisors 549300BZ5TGIFZUZDZ37 857492706 886309.10000000 NS USD 886309.10000000 0.857263000985 Long STIV RF US N 1 N N N Boston Scientific Corp Y6ZDD9FP4P8JSSJMW954 101137107 -30957.00000000 NS USD -2379045.45000000 -2.30107943374 Short EC CORP US N 1 N N N Air Lease Corp 5493004NW4M4P8TMMK63 00912X302 40043.00000000 NS USD 2596388.12000000 2.511299355352 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -105.29000000 -0.00010183943 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 44000.00000000 DKK 6857.98000000 USD 2026-03-16 -105.29000000 N N N Axalta Coating Systems Ltd 529900AGLPA40GV6H619 000000000 11902.00000000 NS USD 397645.82000000 0.384614181420 Long EC CORP BM N 1 N N N Brighthouse Financial Inc 5493003T8SZSHOGGAW52 10922N103 33118.00000000 NS USD 1986417.64000000 1.921318812225 Long EC CORP US N 1 N N N Tri Pointe Homes Inc N/A 87265H109 45739.00000000 NS USD 2117715.70000000 2.048313975581 Long EC CORP US N 1 N N N Udemy Inc 2549000T304QU9SAM180 902685106 137779.00000000 NS USD 693028.37000000 0.670316462094 Long EC CORP US N 1 N N N Fnac Darty SA 96950091FL62XSLPHO35 000000000 17486.00000000 NS 731415.68000000 0.707445744159 Long EC CORP FR N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 1195.69000000 0.001156504878 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 537786.43000000 USD 455860.00000000 EUR 2026-03-16 1195.69000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -233.11000000 -0.00022547052 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 25300.00000000 GBP 33863.10000000 USD 2026-03-16 -233.11000000 N N N Allegiant Travel Co 549300JM9OZXOHWL2K18 01748X102 -11873.00000000 NS USD -1212826.95000000 -1.17308021640 Short EC CORP US N 1 N N N Norfolk Southern Corp 54930036C8MWP850MI84 655844108 9160.00000000 NS USD 2883018.40000000 2.788536195193 Long EC CORP US N 1 N N N IHS Holding Ltd 213800CLGMKL63VKTD94 000000000 129773.00000000 NS USD 1038184.00000000 1.004160660671 Long EC CORP KY N 1 N N N Sealed Air Corp Q0M0CZB4YN6JZ65WXI09 81211K100 55245.00000000 NS USD 2313660.60000000 2.237837374362 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 21078.41000000 0.020387628889 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 1177350.00000000 EUR 1413107.98000000 USD 2026-03-16 21078.41000000 N N N Penumbra Inc 549300RGE06P3ECANU72 70975L107 7995.00000000 NS USD 2753398.05000000 2.663163759967 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 11811.95000000 0.011424849078 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 1415200.00000000 GBP 1919043.61000000 USD 2026-03-16 11811.95000000 N N N First Foundation Inc 254900TQZQ6LBCK77E82 32026V104 66817.00000000 NS USD 392215.79000000 0.379362104224 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 995.23000000 0.000962614348 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 240520.00000000 CAD 177427.19000000 USD 2026-03-16 995.23000000 N N N Northwestern Energy Group Inc 254900N1WG46G1VMDM34 668074305 13912.00000000 NS USD 973283.52000000 0.941387097531 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 1668.35000000 0.001613674876 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 220930.00000000 EUR 262883.02000000 USD 2026-03-16 1668.35000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -51.27000000 -0.00004958978 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 51300.00000000 GBP 69084.53000000 USD 2026-03-16 -51.27000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -668.62000000 -0.00064670800 N/A DFE GB N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 49454.51000000 USD 36200.00000000 GBP 2026-03-16 -668.62000000 N N N Blue Foundry Bancorp 5493008KPK5NJT0FNK56 09549B104 35262.00000000 NS USD 464753.16000000 0.449522281401 Long EC CORP US N 1 N N N CSG Systems International Inc 549300D7FJZUOHHXUA81 126349109 19584.00000000 NS USD 1564761.60000000 1.513481273116 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 11119.65000000 0.010755237116 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 365700.00000000 GBP 503964.92000000 USD 2026-03-16 11119.65000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -1168.90000000 -0.00113059283 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 63770.00000000 EUR 74229.01000000 USD 2026-03-16 -1168.90000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -2574.88000000 -0.00249049609 N/A DFE GB N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 255398.98000000 USD 187600.00000000 GBP 2026-03-16 -2574.88000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 1047.29000000 0.001012968239 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 102111.99000000 USD 87250.00000000 EUR 2026-03-16 1047.29000000 N N N Flushing Financial Corp N/A 343873105 29825.00000000 NS USD 460199.75000000 0.445118095636 Long EC CORP US N 1 N N N JDE Peet's NV 724500EHG519SE5ZRT89 000000000 80326.00000000 NS 3008748.80000000 2.910146161760 Long EC CORP NL N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -267.31000000 -0.00025854972 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 106210.00000000 EUR 125309.16000000 USD 2026-03-16 -267.31000000 N N N Kitwave Group Plc 2138007DLCYPVY95UD40 000000000 102666.00000000 NS 406772.27000000 0.393441539636 Long EC CORP GB N 1 N N N Eventbrite Inc 549300N6XBV2B1FAUF55 29975E109 125886.00000000 NS USD 556416.12000000 0.538181265235 Long EC CORP US N 1 N N N Peakstone Realty Trust 549300EZQXWQI2YL1T80 39818P799 23023.00000000 NS USD 480259.78000000 0.464520718849 Long EC US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 64.75000000 0.000062628014 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 44140.00000000 EUR 52253.30000000 USD 2026-03-16 64.75000000 N N N Sun Country Airlines Holdings Inc 549300MOHOJN9GH0NJ48 866683105 76255.00000000 NS USD 1500698.40000000 1.451517550657 Long EC CORP US N 1 N N N MORGAN STANLEY PRIME BROKER G N/A 927HZF903 1.99000000 NS 2.68000000 0.000002592171 Long STIV CORP GB N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -201.74000000 -0.00019512858 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 1215500.00000000 DKK 192158.61000000 USD 2026-03-16 -201.74000000 N N N Deutsche Boerse AG 529900G3SW56SHYNPR95 000000000 -1984.00000000 NS -544814.08000000 -0.52695944699 Short EC CORP DE N 1 N N N Nathan's Famous Inc 54930034SKNSF1JIE673 632347100 4723.00000000 NS USD 475039.34000000 0.459471362975 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 505.87000000 0.000489291641 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 43524.52000000 USD 37240.00000000 EUR 2026-03-16 505.87000000 N N N Alexander & Baldwin Inc N/A 014491104 75170.00000000 NS USD 1562784.30000000 1.511568773140 Long EC US N 1 N N N IonQ Inc 529900RB2VEFGLQS7G28 46222L108 -17981.00000000 NS USD -689930.97000000 -0.66732057000 Short EC CORP US N 1 N N N Schroders PLC 2138001YYBULX5SZ2H24 000000000 198158.00000000 NS 1564900.00000000 1.513615137474 Long EC CORP GB N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -29370.12000000 -0.02840760318 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 2030310.00000000 EUR 2371149.31000000 USD 2026-03-16 -29370.12000000 N N N Guardian Capital Group Ltd 549300S01K8Y0KJYB822 401339304 9706.00000000 NS 480870.55000000 0.465111472711 Long EC CORP CA N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -5354.22000000 -0.00517875163 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 443460.00000000 CAD 319943.13000000 USD 2026-03-16 -5354.22000000 N N N Mission Produce Inc 54930016JOKVFT59L825 60510V108 -38551.00000000 NS USD -547038.69000000 -0.52911115213 Short EC CORP US N 1 N N N SunOpta Inc 54930010CP0KEPPRPA40 8676EP108 162253.00000000 NS USD 1051399.44000000 1.016943004611 Long EC CORP CA N 1 N N N Banco Santander SA 5493006QMFDDMYWIAM13 05964H105 -81220.00000000 NS USD -1003879.20000000 -0.97098009669 Short EC CORP ES N 1 N N N TXNM Energy Inc 5493003JOBJGLZSDDQ28 69349H107 35900.00000000 NS USD 2118818.00000000 2.049380151034 Long EC CORP US N 1 N N N Heritage Commerce Corp 549300CLIS851ELSR406 426927109 78277.00000000 NS USD 972983.11000000 0.941096532560 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 85.67000000 0.000082862424 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 75360.00000000 CAD 55365.53000000 USD 2026-03-16 85.67000000 N N N Nilfisk Holding A/S 529900FSU45YYVLKB451 000000000 24580.00000000 NS 541074.07000000 0.523342004503 Long EC CORP DK N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 372.54000000 0.000360331128 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 123170.91000000 USD 168420.00000000 CAD 2026-03-16 372.54000000 N N N Stellar Bancorp Inc 54930070P8Z0WHFBB536 858927106 26889.00000000 NS USD 1012639.74000000 0.979453536502 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -14.36000000 -0.00001388939 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 82700.00000000 DKK 13073.42000000 USD 2026-03-16 -14.36000000 N N N GDI Integrated Facility Services Inc 549300OQ1BQ4IS3Q8Y59 361569205 21068.00000000 NS 564521.39000000 0.546020909535 Long EC CORP CA N 1 N N N Allfunds Group Plc 9598005U8TZQ8Q64SC71 000000000 162615.00000000 NS 1618829.25000000 1.565777019481 Long EC CORP GB N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -3372.66000000 -0.00326213127 N/A DFE GB N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 263339.44000000 USD 192900.00000000 GBP 2026-03-16 -3372.66000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -2968.47000000 -0.00287118737 N/A DFE GB N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 342313.39000000 USD 251800.00000000 GBP 2026-03-16 -2968.47000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 20030.56000000 0.019374119003 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 1721739.94000000 USD 2374460.00000000 CAD 2026-03-16 20030.56000000 N N N RAPT Therapeutics Inc 549300MB473BIU78ES48 75382E208 39720.00000000 NS USD 2302965.60000000 2.227492870626 Long EC CORP US N 1 N N N SEMrush Holdings Inc 254900WQEX0OLGK16D27 81686C104 142258.00000000 NS USD 1681489.56000000 1.626383827415 Long EC CORP US N 1 N N N Firstsun Capital Bancorp N/A 33767U107 -10746.00000000 NS USD -391906.62000000 -0.37906306633 Short EC CORP US N 1 N N N Laurentian Bank of Canada HO0K6ZULL3QE6S6SFW60 51925D106 35513.00000000 NS 1046345.42000000 1.012054614824 Long EC CORP CA N 1 N N N Fulton Financial Corp 5493005QLZ6O1BNC0C11 360271100 -22920.00000000 NS USD -468714.00000000 -0.45335331685 Short EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 3005.49000000 0.002906994159 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 388960.00000000 CAD 288324.70000000 USD 2026-03-16 3005.49000000 N N N Ventyx Biosciences Inc N/A 92332V107 151233.00000000 NS USD 2112725.01000000 2.043486840346 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -375.15000000 -0.00036285559 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 228190.00000000 CAD 167012.22000000 USD 2026-03-16 -375.15000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -1528.85000000 -0.00147874656 N/A DFE GB N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 243167.23000000 USD 179300.00000000 GBP 2026-03-16 -1528.85000000 N N N New Gold Inc 5493005G0GNCHP0H6L96 644535106 205741.00000000 NS USD 2761044.22000000 2.670559349881 Long EC CORP CA N 1 N N N Clearwater Analytics Holdings Inc N/A 185123106 124638.00000000 NS USD 2915282.82000000 2.819743246451 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -883.49000000 -0.00085453628 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 1526100.00000000 DKK 240631.22000000 USD 2026-03-16 -883.49000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -47.21000000 -0.00004566283 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 193390.00000000 EUR 228605.78000000 USD 2026-03-16 -47.21000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -0.87000000 -0.00000084148 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 210.00000000 SEK 22.41000000 USD 2026-03-16 -0.87000000 N N N CALLIDITAS THERAPEUTICS AB 549300PVPZO8TNT76B58 000000000 1.00000000 NS 23.04000000 0.000022284933 Long EC CORP SE N 3 N N N Prosperity Bancshares Inc N/A 743606105 -10226.00000000 NS USD -719603.62000000 -0.69602078868 Short EC CORP US N 1 N N N Allied Gold Corp 894500S5G4JFSRGK8L37 01921D204 67493.00000000 NS 2136540.26000000 2.066521617586 Long EC CORP CA N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 1585.56000000 0.001533598068 N/A DFE CA N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 414568.53000000 USD 567320.00000000 CAD 2026-03-16 1585.56000000 N N N Webster Financial Corp KMRURHT0VWKYS6Z5KU67 947890109 39751.00000000 NS USD 2867239.63000000 2.773274526637 Long EC CORP US N 1 N N N ON24 Inc 254900S6S9YKYTO9Q964 68339B104 69383.00000000 NS USD 555757.83000000 0.537544548698 Long EC CORP US N 1 N N N Masimo Corp 549300Q4A8JK0PIYCU29 574795100 16593.00000000 NS USD 2909582.55000000 2.814229785553 Long EC CORP US N 1 N N N Silicon Laboratories Inc 4PRDF8Q9TDHRVZKZSZ47 826919102 10324.00000000 NS USD 2111567.72000000 2.042367477024 Long EC CORP US N 1 N N N Coursera Inc 984500573CA1QB7DAC30 22266M104 -110224.00000000 NS USD -706535.84000000 -0.68338126563 Short EC CORP US N 1 N N N Electronic Arts Inc 549300O7A67PUEYKDL45 285512109 14498.00000000 NS USD 2907863.86000000 2.812567420417 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -152.73000000 -0.00014772473 N/A DFE GB N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 245429.84000000 USD 182000.00000000 GBP 2026-03-16 -152.73000000 N N N International Money Express Inc N/A 46005L101 30467.00000000 NS USD 480769.26000000 0.465013502184 Long EC CORP US N 1 N N N Forge Global Holdings Inc N/A 34629L202 34966.00000000 NS USD 1573470.00000000 1.521904281655 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -44200.82000000 -0.04275227186 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 2618700.00000000 GBP 3484959.41000000 USD 2026-03-16 -44200.82000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 873566.93000000 OU Notional Amount USD -130713.51000000 -0.12642977021 N/A DE US N 1 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 Black Hills Corp. Black Hills Corp. Y equity-performance leg 2026-08-25 0.00000000 USD 0.00000000 USD 873566.93000000 USD -130713.51000000 N N N Morgan Stanley & Co. LLC 549300BI6Y5SI6BYPB26 61747C707 886309.12000000 NS USD 886309.12000000 0.857263020329 Long STIV RF US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 6.36000000 0.000006151570 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 60500.00000000 DKK 9580.86000000 USD 2026-03-16 6.36000000 N N N TEGNA Inc 549300YC5EDBGX85AO10 87901J105 75360.00000000 NS USD 1578792.00000000 1.527051869208 Long EC CORP US N 1 N N N Great Lakes Dredge & Dock Corp 549300H65E3MZ1CX0P05 390607109 61799.00000000 NS USD 1047493.05000000 1.013164634724 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 1244.37000000 0.001203589538 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 391590.00000000 CAD 288492.80000000 USD 2026-03-16 1244.37000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -16043.71000000 -0.01551792594 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 1147700.00000000 GBP 1530684.51000000 USD 2026-03-16 -16043.71000000 N N N Coeur Mining Inc 5493003AVK173D48DR70 192108504 -102189.00000000 NS USD -2774431.35000000 -2.68350775720 Short EC CORP US N 1 N N N CVB Financial Corp N/A 126600105 -50880.00000000 NS USD -978422.40000000 -0.94635756628 Short EC CORP US N 1 N N N OceanFirst Financial Corp N/A 675234108 -25351.00000000 NS USD -457839.06000000 -0.44283477010 Short EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 14.23000000 0.000013763654 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 41805.18000000 USD 35370.00000000 EUR 2026-03-16 14.23000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 15.89000000 0.000015369253 N/A DFE XX N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 60117.99000000 USD 50860.00000000 EUR 2026-03-16 15.89000000 N N N Amicus Therapeutics Inc 549300MRD1SMUTNBPQ53 03152W109 102906.00000000 NS USD 1478759.22000000 1.430297360900 Long EC CORP US N 1 N N N Chart Industries Inc EM7QGKC1GYOF3LSZSL80 16115Q308 14014.00000000 NS USD 2905102.20000000 2.809896265468 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -1668.61000000 -0.00161392635 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 366950.00000000 EUR 432191.54000000 USD 2026-03-16 -1668.61000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -59.58000000 -0.00005762744 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 36990.00000000 EUR 43675.23000000 USD 2026-03-16 -59.58000000 N N N ProAssurance Corp 54930015E5J57R675E89 74267C106 42568.00000000 NS USD 1045044.40000000 1.010796231818 Long EC CORP US N 1 N N N MORGAN STANLEY PRIME BROKER US N/A 000000000 16553188.72000000 NS USD 16553188.72000000 16.01070804528 Long CORP US N 1 N N N DigitalBridge Group Inc 549300XG87L902AGBO89 25401T603 137596.00000000 NS USD 2125858.20000000 2.056189629781 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -17.71000000 -0.00001712960 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 74550.00000000 EUR 88125.84000000 USD 2026-03-16 -17.71000000 N N N Hologic Inc 549300DYP6F5ZJL0LB74 436440101 38727.00000000 NS USD 2918466.72000000 2.822822803762 Long EC CORP US N 1 N N N Akzo Nobel NV 724500XYIJUGXAA5QD70 000000000 -7782.00000000 NS -548218.55000000 -0.53025234578 Short EC CORP NL N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 1272.98000000 0.001231261932 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 497700.00000000 DKK 80037.06000000 USD 2026-03-16 1272.98000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 5245.96000000 0.005074039533 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 307900.00000000 GBP 420195.53000000 USD 2026-03-16 5245.96000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -424.96000000 -0.00041103322 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 85200.00000000 GBP 114397.07000000 USD 2026-03-16 -424.96000000 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC 16272.41000000 0.015739130998 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 3418530.00000000 CAD 2523914.03000000 USD 2026-03-16 16272.41000000 N N N JTC PLC 213800DVUG4KLF2ASK33 000000000 89229.00000000 NS 1568053.88000000 1.516665658600 Long EC CORP JE Y 1 N N N Confluent Inc 254900MRZ83YWUV7SN74 20717M103 94420.00000000 NS USD 2895861.40000000 2.800958304728 Long EC CORP US N 1 N N N Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 000000000 1.00000000 NC -34.39000000 -0.00003326297 N/A DFE US N 2 Morgan Stanley & Co. LLC 9R7GPTSO7KV3UQJZQ078 110190.00000000 CAD 80794.81000000 USD 2026-03-16 -34.39000000 N N N 2026-03-27 AltShares Trust Jonathon Hickey Jonathon Hickey Chief Financial Officer XXXX