NPORT-P/A false 0001193125-26-071309 0001833936 XXXXXXXX BlackRock Alpha Strategies Fund 811-23626 0001833936 549300OF4HWLLO1I9Y24 100 Bellevue Parkway Wilmington 19809 8008820052 BlackRock Alpha Strategies Fund 549300OF4HWLLO1I9Y24 2026-03-31 2025-12-31 N 142647946.850000000000 22310203.570000000000 120337743.280000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 N Yaupon CIS Ltd. QF1 N/A 999999999 4225291.9 OU Cost of Investment USD 5290114.36 4.3960558141 Long PF KY Y N/A N N N XPF Ltd Class AG N/A 999999999 4808689.03 OU Cost of Investment USD 5270038.38 4.3793727856 Long PF KY Y N/A N N N Voleon Composition International Fund, Ltd N/A 999999999 6430166.63 OU Cost of Investment USD 8981469.48 7.4635515302 Long PF KY Y N/A N N N Tow Seas Cayman Class Q F2 Opt in N/A 999999999 3500000 OU Cost of Investment USD 4830168.06 4.0138429792 Long PF KY Y N/A N N N TPG AG CRP CRED OPPS LTD CLSIQ N/A 999999999 4787186.03 OU Cost of Investment USD 5324988.15 4.4250357410 Long PF KY Y N/A N N N Toroa Feeder 1 Off Founder SRS N/A 999999999 3518588.47 OU Cost of Investment USD 4472667.97 3.7167623790 Long PF KY Y N/A N N N Systematica Alternative Markets Fund Limited N/A 999999999 4724840.08 OU Cost of Investment USD 5116371.34 4.2516763241 Long PF KY Y N/A N N N Stratus Feeder, Ltd N/A 999999999 4169009.13 OU Cost of Investment USD 7808824.88 6.4890903445 Long PF VG Y N/A N N N Schonfeld Strategic Partners Offshore Fund Ltd. N/A 999999999 3903507.53 OU Cost of Investment USD 5398117.25 4.4858056191 Long PF KY Y N/A N N N Pentwater Event Fund, Ltd N/A 999999999 5075570.2 OU Cost of Investment USD 9693673 8.0553887216 Long PF KY Y N/A N N N One William Street Capital Offshore Fund, Ltd N/A 999999999 3163534.84 OU Cost of Investment USD 5179026.28 4.3037422332 Long PF KY Y N/A N N N MY Asian Opportunities Unit Trust N/A 999999999 3335425.33 OU Cost of Investment USD 5245055.91 4.3586124910 Long PF KY Y N/A N N N Maple Rock Offshore Class E N/A 999999999 4000000 OU Cost of Investment USD 6536724.87 5.4319822624 Long PF KY Y N/A N N N Manticore Fund (Cayman), Ltd N/A 999999999 2287682.57 OU Cost of Investment USD 5000523.04 4.1554070267 Long PF KY Y N/A N N N Kadensa Fund N/A 999999999 1041622.72 OU Cost of Investment USD 1269730.64 1.0551391487 Long PF KY Y N/A N N N EGMG Ltd. Class A External - Hedge Fund N/A 999999999 3561000 OU Cost of Investment USD 3568990.91 2.9658117335 Long PF KY Y N/A N N N East One Commodity Fund Limited N/A 999999999 4590852.83 OU Cost of Investment USD 4874382.61 4.0505850261 Long PF KY Y N/A N N N Carronade Capital Offshore, LP N/A 999999999 5117940.25 OU Cost of Investment USD 6728344.24 5.5912169005 Long PF KY Y N/A N N N Atlas Enhanced Fund, Ltd N/A 999999999 7396599.88 OU Cost of Investment USD 10078125.85 8.3748669165 Long PF KY Y N/A N N N Aegeri Capital Offshore Fund Class N/A 999999999 4000000 OU Cost of Investment USD 3976619.72 3.3045490231 Long PF KY Y N/A N N N 1798 Adapt Fund Ltd. N/A 999999999 3386630.78 OU Cost of Investment USD 3639465.75 3.0243759363 Long PF KY Y N/A N N N BLACKROCK LIQUIDITY FUNDS - BLACKROCK LIQUIDITY T-FUND 5493002L9DNZ83RX7V61 09248U718 9913384.55 OU Other Units USD 9913384.55 8.2379678061 Long STIV RF US N 1 N N N 2026-02-23 BlackRock Alpha Strategies Fund Chuck Pulsfort Chuck Pulsfort Assistant Treasurer XXXX