Monthly Portfolio Investments Report on Form N-port (public) (nport-p)

Date : 11/01/2019 @ 8:07PM
Source : Edgar (US Regulatory)
Stock : Altaba Inc (AABA)
Quote : 19.64  0.0 (0.00%) @ 1:00AM
Altaba share price Chart

Monthly Portfolio Investments Report on Form N-port (public) (nport-p)

Altaba Inc.

Consolidated Schedule of Investments

As of September 30, 2019 (unaudited)

($ in thousands)

 

Description                   Principal $ /Shares / Units     Fair Value $  

Affiliated Investments at Fair Value — 7.0%

     

Online Services and e-Commerce

         

Common shares - 7.0%

         

Alibaba Group Holding Limited (1)(2)

 

        5,000,000       836,150  

Total Affiliated Investments at Fair Value
(Cost — $35,673)

 

          836,150  

Unaffiliated Investments at Fair Value — 0.0%

     

Internet Software & Services

         

Common shares - 0.0%

         

SeatGeek, Inc. (1)(3)

          47,463       185  

Total Common Shares (Cost — $9)

            185  
Fixed Income Securities         Rate % (4)   Final
Maturity (5)
    Principal $     Fair Value $  

Money Market Funds — 27.0%

         

Fidelity Government Portfolio - Class I

 

  1.86       1,816,791       1,816,791  

Federated Government Obligations Fund - Institutional Class

 

  1.89       1,403,253       1,403,253  

JP Morgan U.S. Government Money Market Fund - Capital Class

 

  1.82       11,860       11,860  

Total Money Market Investments
(Cost — $3,231,904)

 

        3,231,904       3,231,904  
    Rate Type     Rate % (6)   Final
Maturity
    Principal $     Fair Value $  

Short Term

         

Corporate Debt — 1.3%

         

Financial — 0.3%

         

Berkshire Hathaway Finance Corp.

    Floating     2.66 (3 month LIBOR USD + 0.32)     1/10/2020       2,500       2,502  

Branch Banking and Trust Co.

    Floating     2.75 (3 month LIBOR USD + 0.45)     1/15/2020       4,000       4,003  

Mass Mutual Global Funding II

    Fixed     1.95     9/22/2020       20,000       19,986  

Protective Life Global Funding

    Fixed     2.16     9/25/2020       7,000       7,011  

Total

          33,500       33,502  

Industrial — 1.0%

         

American Honda Finance Corp

    Fixed     2.45     9/24/2020       20,000       20,096  

Apple Inc.

    Floating     2.41 (3 month LIBOR USD + 0.20)     2/7/2020       13,506       13,511  

Apple Inc.

    Floating     2.25 (3 month LIBOR USD + 0.07)     5/11/2020       7,000       6,995  

Chevron Corp

    Floating     2.35 (3 month LIBOR USD + 0.21)     3/3/2020       12,000       12,008  

Daimler Finance North America LLC

    Fixed     2.30     1/6/2020       18,543       18,545  

Honeywell International Inc.

    Floating     2.55 (3 month LIBOR USD + 0.28)     10/30/2019       3,563       3,564  

Intel Corp

    Floating     2.26 (3 month LIBOR USD + 0.08)     5/11/2020       11,000       11,006  

John Deere Capital Corporation

    Floating     2.43 (3 month LIBOR USD + 0.30)     3/13/2020       8,140       8,149  

Siemens Financieringsmaatschappij NV

    Floating     2.46 (3 month LIBOR USD + 0.34)     3/16/2020       15,000       15,019  

Toyota Motor Credit Corporation

    Floating     2.56 (3 month LIBOR USD + 0.26)     4/17/2020       12,000       12,011  

Total

          120,752       120,904  

Total Corporate Debt (Cost — $154,011)

          154,252       154,406  


          Rate % (7)                  

Commercial Paper — 97.0%

         

ABN Amro Funding USA LLC

   
Zero
Coupon
 
 
  2.44     12/12/2019       40,000       39,802  

ABN Amro Funding USA LLC

   
Zero
Coupon
 
 
  2.44     12/2/2019       70,000       69,701  

Allianz Finance Corp

   
Zero
Coupon
 
 
  2.13     10/18/2019       30,000       29,968  

Allianz Finance Corp

   
Zero
Coupon
 
 
  2.05     11/12/2019       28,000       27,931  

Archer-Daniels-Midland Company

   
Zero
Coupon
 
 
  —       10/1/2019       100,000       100,000  

Australia and New Zealand Banking Group Limited

   
Zero
Coupon
 
 
  1.98     3/26/2020       100,000       99,022  

Australia and New Zealand Banking Group Limited

   
Zero
Coupon
 
 
  1.98     4/2/2020       75,000       74,237  

Automatic Data Processing, Inc.

   
Zero
Coupon
 
 
  0.98     10/2/2019       425,000       424,977  

Canadian Imperial Bank of Commerce

   
Zero
Coupon
 
 
  1.99     3/26/2020       50,000       49,508  

Canadian Imperial Bank of Commerce

   
Zero
Coupon
 
 
  1.98     4/1/2020       150,000       148,483  

Canadian Imperial Bank of Commerce

   
Zero
Coupon
 
 
  1.97     4/3/2020       50,000       49,491  

Canadian Imperial Bank of Commerce

   
Zero
Coupon
 
 
  1.98     4/28/2020       75,000       74,132  

Cargill, Inc

   
Zero
Coupon
 
 
  —       10/1/2019       50,000       50,000  

Cargill, Inc

   
Zero
Coupon
 
 
  1.63     10/7/2019       100,000       99,968  

CDP Financial Inc

   
Zero
Coupon
 
 
  1.95     1/16/2020       75,000       74,561  

Credit Suisse AG

   
Zero
Coupon
 
 
  2.02     1/31/2020       26,495       26,312  

Credit Suisse AG

   
Zero
Coupon
 
 
  2.17     12/12/2019       50,000       49,780  

Cummins Inc.

   
Zero
Coupon
 
 
  1.89     10/15/2019       25,000       24,980  

DZ Bank AG Deutsche Zentral-Genossenschaftsbank

   
Zero
Coupon
 
 
  2.06     11/12/2019       50,000       49,877  

Emerson Electric Co.

   
Zero
Coupon
 
 
  1.29     10/3/2019       30,000       29,997  

Exxon Mobil Corporation

   
Zero
Coupon
 
 
  1.85     10/10/2019       95,000       94,951  

Exxon Mobil Corporation

   
Zero
Coupon
 
 
  1.93     1/24/2020       75,000       74,533  

Exxon Mobil Corporation

   
Zero
Coupon
 
 
  1.52     10/4/2019       100,000       99,983  

Exxon Mobil Corporation

   
Zero
Coupon
 
 
  1.78     10/8/2019       30,000       29,988  

Exxon Mobil Corporation

   
Zero
Coupon
 
 
  2.11     10/15/2019       25,000       24,978  

Exxon Mobil Corporation

   
Zero
Coupon
 
 
  2.12     10/25/2019       125,000       124,816  

Exxon Mobil Corporation

   
Zero
Coupon
 
 
  1.81     10/7/2019       200,000       199,930  

Exxon Mobil Corporation

   
Zero
Coupon
 
 
  1.97     10/18/2019       170,000       169,832  


        Rate % (7)                  

Fédération des caisses Desjardins du Québec

  Zero
Coupon
  2.10     10/15/2019       90,000       89,921  

Fédération des caisses Desjardins du Québec

  Zero
Coupon
  2.15     10/17/2019       90,000       89,909  

Fédération des caisses Desjardins du Québec

  Zero
Coupon
  2.15     10/24/2019       25,000       24,964  

General Dynamics Corporation

  Zero
Coupon
  1.39     10/3/2019       118,000       117,986  

Groupe BPCE

  Zero
Coupon
  2.00     1/15/2020       100,000       99,405  

Henkel Corporation

  Zero
Coupon
  2.13     4/6/2020       90,000       88,994  

Henkel Corporation

  Zero
Coupon
  2.10     10/18/2019       90,000       89,906  

Henkel Corporation

  Zero
Coupon
  2.15     1/8/2020       52,000       51,690  

Henkel Corporation

  Zero
Coupon
  2.15     1/10/2020       45,000       44,726  

Henkel Corporation

  Zero
Coupon
  1.97     10/8/2019       50,000       49,978  

Henkel Corporation

  Zero
Coupon
  2.09     10/17/2019       95,000       94,906  

Henkel Corporation

  Zero
Coupon
  2.07     11/12/2019       50,000       49,876  

Henkel Corporation

  Zero
Coupon
  2.03     11/13/2019       30,000       29,925  

Henkel Corporation

  Zero
Coupon
  2.03     11/15/2019       100,000       99,740  

Henkel Corporation

  Zero
Coupon
  2.03     11/19/2019       65,000       64,817  

Kimberly-Clark Corporation

  Zero
Coupon
  1.75     10/10/2019       67,900       67,867  

Kimberly-Clark Corporation

  Zero
Coupon
  1.65     10/7/2019       50,000       49,984  

Kimberly-Clark Corporation

  Zero
Coupon
  1.70     10/8/2019       50,000       49,981  

Kimberly-Clark Corporation

  Zero
Coupon
  1.73     10/9/2019       25,000       24,989  

Kimberly-Clark Corporation

  Zero
Coupon
  1.76     10/11/2019       40,000       39,978  

Koch Industries, Inc.

  Zero
Coupon
  1.78     10/10/2019       50,000       49,975  

Koch Industries, Inc.

  Zero
Coupon
  1.80     10/11/2019       212,000       211,883  

Koch Industries, Inc.

  Zero
Coupon
  1.86     10/15/2019       60,000       59,954  

Koch Industries, Inc.

  Zero
Coupon
  1.96     10/18/2019       120,000       119,883  

Merck & Co., Inc.

  Zero
Coupon
  1.77     10/15/2019       25,000       24,982  

Merck & Co., Inc.

  Zero
Coupon
  1.82     10/23/2019       50,000       49,942  

Merck & Co., Inc.

  Zero
Coupon
  1.82     10/25/2019       50,000       49,937  

Merck & Co., Inc.

  Zero
Coupon
  1.84     11/1/2019       50,000       49,918  


        Rate % (7)                  

Mizuho Bank

  Zero
Coupon
  2.16     1/13/2020       50,000       49,684  

National Australia Bank Limited

  Zero
Coupon
  2.10     3/2/2020       40,000       39,641  

National Australia Bank Limited

  Zero
Coupon
  2.12     10/28/2019       150,000       149,753  

National Rural Utilities Cooperative Finance Corp

  Zero
Coupon
  1.46     10/4/2019       21,215       21,212  

National Securities Clearing Corporation

  Zero
Coupon
  2.11     1/21/2020       50,000       49,669  

National Securities Clearing Corporation

  Zero
Coupon
  2.08     1/9/2020       50,000       49,708  

National Securities Clearing Corporation

  Zero
Coupon
  1.98     10/17/2019       65,000       64,939  

National Securities Clearing Corporation

  Zero
Coupon
  1.95     10/21/2019       40,000       39,954  

National Securities Clearing Corporation

  Zero
Coupon
  1.97     10/25/2019       50,000       49,932  

National Securities Clearing Corporation

  Zero
Coupon
  1.98     10/28/2019       50,000       49,923  

Nationwide Building Society

  Zero
Coupon
  2.39     10/21/2019       50,000       49,930  

Nederlandse Waterschapsbank N.V.

  Zero
Coupon
  2.02     11/27/2019       62,000       61,798  

Nestle Capital Corporation

  Zero
Coupon
  1.86     10/11/2019       100,000       99,943  

Nestle Capital Corporation

  Zero
Coupon
  2.00     10/17/2019       50,000       49,953  

Nestle Capital Corporation

  Zero
Coupon
  1.96     12/10/2019       220,000       219,149  

Nestle Capital Corporation

  Zero
Coupon
  2.37     12/12/2019       45,000       44,784  

NIKE, Inc.

  Zero
Coupon
  1.71     10/8/2019       96,000       95,964  

NIKE, Inc.

  Zero
Coupon
  1.76     10/10/2019       30,000       29,985  

PACCAR Financial Corp.

  Zero
Coupon
  1.02     10/2/2019       25,100       25,099  

PACCAR Financial Corp.

  Zero
Coupon
  1.74     10/7/2019       22,500       22,492  

PACCAR Financial Corp.

  Zero
Coupon
  1.93     10/28/2019       14,426       14,404  

PACCAR Financial Corp.

  Zero
Coupon
  1.92     10/31/2019       29,750       29,701  

PACCAR Financial Corp.

  Zero
Coupon
  1.92     11/1/2019       61,000       60,896  

PACCAR Financial Corp.

  Zero
Coupon
  2.02     11/21/2019       8,925       8,899  

Pricoa Short Term Funding, LLC

  Zero
Coupon
  2.40     11/15/2019       30,000       29,908  

Province of Alberta

  Zero
Coupon
  1.95     1/14/2020       100,000       99,425  

Province of Alberta

  Zero
Coupon
  1.97     2/6/2020       75,000       74,469  

Province of Alberta

  Zero
Coupon
  2.28     10/30/2019       25,000       24,952  


        Rate % (7)                  

Province of Alberta

  Zero
Coupon
  2.31     12/5/2019       29,000       28,877  

Province of British Columbia

  Zero
Coupon
  1.99     11/13/2019       24,500       24,440  

Province of Quebec

  Zero
Coupon
  1.98     11/18/2019       75,000       74,798  

PSP Capital Inc.

  Zero
Coupon
  1.93     10/7/2019       92,000       91,965  

Royal Bank of Canada

  Zero
Coupon
  1.94     3/18/2020       175,000       173,398  

Royal Bank of Canada

  Zero
Coupon
  2.10     2/18/2020       75,000       74,382  

Santander UK plc

  Zero
Coupon
  2.04     1/31/2020       63,781       63,336  

Simon Property Group, L.P.

  Zero
Coupon
  1.07     10/2/2019       100,000       99,994  

Simon Property Group, L.P.

  Zero
Coupon
  1.60     10/4/2019       118,000       117,979  

Simon Property Group, L.P.

  Zero
Coupon
  1.92     10/11/2019       65,000       64,962  

Simon Property Group, L.P.

  Zero
Coupon
  2.05     11/14/2019       30,000       29,923  

Simon Property Group, L.P.

  Zero
Coupon
  2.05     11/21/2019       49,000       48,855  

Simon Property Group, L.P.

  Zero
Coupon
  2.02     12/4/2019       40,000       39,854  

Simon Property Group, L.P.

  Zero
Coupon
  2.07     11/5/2019       25,000       24,948  

Skandinaviska Enskilda Banken AB

  Zero
Coupon
  2.18     12/10/2019       125,000       124,462  

Skandinaviska Enskilda Banken AB

  Zero
Coupon
  2.02     12/20/2019       100,000       99,544  

Société Générale Société anonyme

  Zero
Coupon
  2.04     11/26/2019       75,000       74,757  

Société Générale Société anonyme

  Zero
Coupon
  2.05     10/15/2019       31,460       31,433  

St Engineering NA Inc.

  Zero
Coupon
  2.08     1/13/2020       16,900       16,797  

St Engineering North America, Inc.

  Zero
Coupon
  2.02     11/29/2019       30,000       29,899  

Sumitomo Mitsui Banking Corporation

  Zero
Coupon
  2.01     1/14/2020       125,000       124,260  

Sumitomo Mitsui Banking Corporation

  Zero
Coupon
  2.01     2/4/2020       50,000       49,645  

Sumitomo Mitsui Banking Corporation

  Zero
Coupon
  2.37     11/14/2019       165,000       164,512  

Sumitomo Mitsui Trust Bank Ltd.

  Zero
Coupon
  2.18     1/7/2020       200,000       198,802  

Sumitomo Mitsui Trust Bank Ltd.

  Zero
Coupon
  2.18     1/16/2020       30,000       29,804  

The Bank of Nova Scotia

  Zero
Coupon
  —       10/1/2019       53,400       53,400  

The Coca-Cola Company

  Zero
Coupon
  2.12     10/30/2019       25,000       24,956  

The Coca-Cola Company

  Zero
Coupon
  2.12     11/1/2019       50,000       49,906  


        Rate % (7)                  

The Coca-Cola Company

  Zero
Coupon
  1.13     10/2/2019       150,000       149,991  

The Coca-Cola Company

  Zero
Coupon
  1.49     10/3/2019       150,000       149,981  

The Coca-Cola Company

  Zero
Coupon
  1.68     10/4/2019       50,000       49,991  

The Coca-Cola Company

  Zero
Coupon
  1.99     10/9/2019       25,000       24,988  

The Coca-Cola Company

  Zero
Coupon
  2.13     1/21/2020       115,000       114,231  

The Coca-Cola Company

  Zero
Coupon
  2.18     1/22/2020       48,000       47,669  

The Coca-Cola Company

  Zero
Coupon
  2.13     1/23/2020       100,000       99,319  

The Coca-Cola Company

  Zero
Coupon
  2.13     1/24/2020       50,000       49,657  

The Coca-Cola Company

  Zero
Coupon
  2.08     2/24/2020       100,000       99,152  

The Coca-Cola Company

  Zero
Coupon
  2.19     3/19/2020       70,000       69,273  

The Coca-Cola Company

  Zero
Coupon
  2.36     11/14/2019       14,000       13,959  

The Coca-Cola Company

  Zero
Coupon
  2.39     11/15/2019       45,000       44,863  

The Hershey Company

  Zero
Coupon
  1.40     10/3/2019       50,000       49,994  

The Hershey Company

  Zero
Coupon
  1.82     10/10/2019       20,000       19,990  

The Hershey Company

  Zero
Coupon
  1.85     10/11/2019       50,000       49,972  

The Hershey Company

  Zero
Coupon
  1.89     10/24/2019       50,000       49,937  

The Hershey Company

  Zero
Coupon
  1.91     10/31/2019       41,000       40,933  

The Hershey Company

  Zero
Coupon
  1.58     10/4/2019       25,000       24,996  

The Toronto-Dominion Bank

  Zero
Coupon
  2.11     2/18/2020       50,000       49,586  

The Toronto-Dominion Bank

  Zero
Coupon
  2.03     1/6/2020       69,525       69,141  

The Toronto-Dominion Bank

  Zero
Coupon
  2.20     1/10/2020       80,000       79,502  

The Toronto-Dominion Bank

  Zero
Coupon
  2.01     1/15/2020       20,200       20,079  

The Toronto-Dominion Bank

  Zero
Coupon
  1.97     3/3/2020       50,000       49,576  

The Toronto-Dominion Bank

  Zero
Coupon
  2.21     12/9/2019       100,000       99,571  

The Toronto-Dominion Bank

  Zero
Coupon
  2.01     1/9/2020       30,000       29,831  

The Toronto-Dominion Bank

  Zero
Coupon
  2.16     2/3/2020       20,000       19,849  

The Toronto-Dominion Bank

  Zero
Coupon
  2.10     2/6/2020       20,000       19,849  


        Rate % (7)                  

The Toronto-Dominion Bank

  Zero
Coupon
  2.16     2/10/2020       75,000       74,401  

The Toronto-Dominion Bank

  Zero
Coupon
  2.00     4/24/2020       100,000       98,850  

The Toronto-Dominion Bank

  Zero
Coupon
  1.99     5/5/2020       40,000       39,518  

The Toronto-Dominion Bank

  Zero
Coupon
  1.99     6/26/2020       60,000       59,103  

The Toronto-Dominion Bank

  Zero
Coupon
  —       10/1/2019       20,000       20,000  

The Toronto-Dominion Bank

  Zero
Coupon
  2.32     10/18/2019       30,000       29,965  

Total Capital Canada Ltd.

  Zero
Coupon
  1.13     10/2/2019       50,000       49,997  

Total Capital Canada Ltd.

  Zero
Coupon
  1.51     10/3/2019       95,000       94,988  

Total Capital Canada Ltd.

  Zero
Coupon
  1.93     10/8/2019       100,000       99,957  

Total Capital Canada Ltd.

  Zero
Coupon
  2.08     10/18/2019       125,000       124,870  

Toyota Motor Credit Corporation

  Zero
Coupon
  2.11     1/13/2020       100,000       99,385  

Toyota Motor Credit Corporation

  Zero
Coupon
  2.11     1/14/2020       100,000       99,379  

Toyota Motor Credit Corporation

  Zero
Coupon
  1.81     10/7/2019       120,000       119,958  

Toyota Motor Credit Corporation

  Zero
Coupon
  1.88     10/9/2019       50,000       49,977  

Toyota Motor Credit Corporation

  Zero
Coupon
  1.89     10/10/2019       200,000       199,895  

Toyota Motor Credit Corporation

  Zero
Coupon
  1.91     10/16/2019       100,000       99,915  

Toyota Motor Credit Corporation

  Zero
Coupon
  1.98     11/6/2019       150,000       149,695  

Toyota Motor Credit Corporation

  Zero
Coupon
  2.39     11/25/2019       15,000       14,944  

Toyota Motor Credit Corporation

  Zero
Coupon
  2.37     11/26/2019       50,000       49,813  

Unilever Capital Corporation

  Zero
Coupon
  2.17     10/21/2019       21,000       20,973  

Unilever Capital Corporation

  Zero
Coupon
  2.19     10/24/2019       55,000       54,920  

Unilever Capital Corporation

  Zero
Coupon
  2.01     11/4/2019       38,000       37,926  

Walmart Inc.

  Zero
Coupon
  1.65     10/7/2019       105,000       104,966  

Walmart Inc.

  Zero
Coupon
  1.86     11/8/2019       21,805       21,761  

Walmart Inc.

  Zero
Coupon
  1.86     11/18/2019       60,000       59,848  

Walmart Inc.

  Zero
Coupon
  1.87     11/19/2019       41,850       41,741  

Walmart Inc.

  Zero
Coupon
  1.68     10/8/2019       145,000       144,946  

Total Commercial Paper (Cost — $11,631,230)

          11,668,732       11,631,379  


          Rate % (6)                  

Certificates of Deposits — 14.1%

         

Bank of Montreal

    Fixed     2.10     1/2/2020       75,000       75,000  

Bank of Montreal

    Fixed     2.28     10/2/2019       55,000       55,000  

Bank of Montreal

    Fixed     2.34     10/9/2019       30,000       30,000  

Bank of Montreal

    Fixed     2.26     10/11/2019       60,000       60,000  

Bank of Montreal

    Fixed     2.00     12/27/2019       100,000       100,000  

Bank of Montreal

    Floating     2.39 (3 month LIBOR USD + 0.06)     4/3/2020       65,000       64,997  

Bank of Nova Scotia

    Floating     2.23 (1 month LIBOR USD + 0.14)     4/2/2020       200,000       200,000  

Bank of Nova Scotia

    Floating     2.20 (1 month LIBOR USD + 0.16)     4/9/2020       150,000       150,000  

Bank of Nova Scotia

    Floating     2.66 (daily LIBOR USD + 0.26)     4/16/2020       150,000       150,000  

BNP Paribas

    Floating     2.19 (1 month LIBOR USD + 0.15)     3/9/2020       50,000       50,000  

BNP Paribas

    Floating     2.23 (1 month LIBOR USD + 0.19)     3/9/2020       50,000       50,000  

BNP Paribas

    Fixed     2.25     10/1/2019       70,000       70,000  

BNP Paribas

    Fixed     2.26     12/11/2019       70,000       70,000  

BNP Paribas

    Fixed     1.94     2/14/2020       50,000       50,000  

BNP Paribas

    Fixed     2.20     12/18/2019       100,000       100,000  

Credit Suisse AG

    Fixed     2.67     2/7/2020       54,900       54,958  

Mizuho Bank

    Fixed     2.30     10/18/2019       25,000       25,000  

Mizuho Bank

    Fixed     2.08     2/7/2020       25,000       25,000  

Norinchukin Bank

    Fixed     2.20     1/10/2020       40,000       39,997  

Norinchukin Bank

    Fixed     2.20     1/16/2020       150,000       150,000  

Sumitomo Mitsui Trust Bank Ltd.

    Fixed     2.25     1/8/2020       97,000       97,003  

Sumitomo Mitsui Trust Bank Ltd.

    Fixed     2.25     1/9/2020       25,000       25,000  

Total Certificates of Deposits (Cost — $1,691,954)

          1,691,900       1,691,955  
          Rate % (7)                  

Agency Notes — 8.2%

         

Federal Home Loan Banks

   
Zero
Coupon
 
 
  1.86     1/3/2020       100,000       99,517  

Federal Home Loan Banks

   
Zero
Coupon
 
 
  1.48     10/4/2019       167,100       167,073  

Federal Home Loan Banks

   
Zero
Coupon
 
 
  1.76     10/9/2019       70,000       69,970  

Federal Home Loan Banks

   
Zero
Coupon
 
 
  1.78     10/10/2019       50,000       49,976  

Federal Home Loan Banks

   
Zero
Coupon
 
 
  1.89     10/23/2019       338,350       337,947  

Federal Home Loan Banks

   
Zero
Coupon
 
 
  1.91     11/22/2019       16,000       15,955  

Federal Home Loan Banks

   
Zero
Coupon
 
 
  1.91     12/20/2019       50,000       49,789  

Tennessee Valley Authority

   
Zero
Coupon
 
 
  1.83     10/9/2019       199,000       198,910  

Total Agency Notes (Cost — $989,053)

          990,450       989,137  
          Rate % (6) (7)                  

U.S. Government Debt — 2.5%

         

United States Treasury

   
Zero
Coupon
 
 
  1.80     12/12/2019       150,000       149,464  

United States Treasury

   
Zero
Coupon
 
 
  1.75     12/19/2019       150,000       149,429  


          Rate % (6) (7)                  

Total U.S. Government Debt (Cost — $298,722)

      300,000       298,893  

Total Short Term Fixed Income Securities (Cost — $14,764,970) — 123.2%

      14,805,334       14,765,770  

Long Term

         

Corporate Debt — 0.7%

         

Financial — 0.5%

         

US Bank

    Fixed     2.05     10/23/2020       25,000       25,018  

Wells Fargo Bank

    Fixed     2.60     1/15/2021       35,000       35,258  

Total

          60,000       60,276  

Industrial — 0.2%

         

American Honda Finance Corp

    Fixed     2.65     2/12/2021       12,500       12,623  

American Honda Finance Corp

    Floating     2.39 (3 month LIBOR USD + 0.21)     2/12/2021       12,500       12,496  

Total

          25,000       25,119  

Total Corporate Debt (Cost — $84,768)

          85,000       85,395  

Total Long Term Fixed Income Securities
(Cost — $84,768) — 0.7%

 

        85,000       85,395  

Total Unaffiliated Investments
(Cost — $18,081,651)

 

        18,122,238       18,083,254  
                    Units     Fair Value $  

Investment in Controlled Affiliate

         

Internet Software & Services

         

Excalibur IP, LLC (1)(3)

          3,420       223,000  

Total Investment in Controlled Affiliate
(Cost — $0) — 1.9%

            223,000  
         

 

 

 

Total Investments — 159.7%

 

          19,142,404  

Other Liabilities/Other Assets — (59.7)%

 

          (7,153,269
         

 

 

 

Net Assets Applicable to Common Shares — 100%

 

        $ 11,989,135  
         

 

 

 

 

(1)

Non-income producing securities.

(2)

The Fund is a party to a registration rights agreement with respect to its Alibaba Shares. The registration rights agreement contains provisions restricting the ability to sell the Alibaba Shares in certain circumstances. For a further description see the Fund’s Registration Statement on Form N-2.

(3)

Fair-value investment. Represents fair value measured in good faith under procedures approved by the Board of Directors, aggregate holdings equal to less than 1% of the net assets of the Fund.

(4)

Presented rate represents the Money Market Fund’s average 7-day % yield.

(5)

Money Market Funds do not have a set maturity date.

(6)

For fixed and floating rate bonds, the rate presented is the coupon rate as of September 30, 2019. LIBOR stands for London Interbank Offered Rate.

(7)

For zero coupon bonds, the rate presented is Yield as of September 30, 2019.

At September 30, 2019, the tax cost basis of the Fund’s investments (in thousands) was $18,287,465 and the unrealized appreciation and depreciation were $854,939 and $0, respectively, with a net unrealized appreciation of $854,939.

Hierarchy of Fair Value Inputs

The Fund categorizes the inputs to valuation techniques used to value its investments into a disclosure hierarchy consisting of three levels as shown below:

Level 1—Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2—Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates, and similar data.


Level 3—Unobservable inputs for the asset or liability to the extent that relevant observable inputs are not available, representing management’s own assumptions about the assumptions that a market participant would use in valuing the asset or liability, and that would be based on the best information available.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

The following table reflects the valuation level used in the consolidated schedule of investments as of September 30, 2019 for the Fund’s assets (in thousands):

 

     Level 1      Level 2      Level 3      Total  

Affiliated investments

   $ 836,150      $ —        $ —        $ 836,150  

Unaffiliated investments:

           

Common shares

     —          —          185        185  

Money market funds

     3,231,904        —          —          3,231,904  

Fixed income securities:

           

Corporate debt - short and long term

     —          239,801        —          239,801  

Commercial paper

     —          11,631,379        —          11,631,379  

Certificates of deposits

     —          1,691,955        —          1,691,955  

U.S. government debt

     —          1,288,030        —          1,288,030  

Investment in controlled affiliate:

           

Excalibur (1)

     —          —          223,000        223,000  
  

 

 

    

 

 

    

 

 

    

 

 

 

Total financial assets at fair value

   $ 4,068,054      $ 14,851,165      $ 223,185      $ 19,142,404  
  

 

 

    

 

 

    

 

 

    

 

 

 

 

(1)

Excalibur assets relates to the Fund’s patent portfolio.

The following is a reconciliation of investments for which significant unobservable inputs (Level 3) were used in determining fair value (in thousands):

 

     Assets      Liabilities  
     Total
Investments in
Securities
     Unaffiliated
Investments
     Investment in
Controlled
Affiliate
     Written
Warrants
 

Balance as of January 1, 2019

   $ 250,185      $ 185      $ 250,000      $ (23,974)  

Purchases

     —          —          —          101,594  

Sales

     (27,006      —          (27,006      —    

Change in unrealized appreciation (depreciation)

     (27,000      —          (27,000      (67,536

Realized gain (loss)

     27,006        —          27,006        (10,084

Transfers out of Level 3

     —          —          —          —    
  

 

 

    

 

 

    

 

 

    

 

 

 

Balance as of September 30, 2019

   $ 223,185      $ 185      $ 223,000      $ —    
  

 

 

    

 

 

    

 

 

    

 

 

 

The change in unrealized appreciation (depreciation) attributable to assets owned on September 30, 2019, which were valued using significant unobservable inputs (Level 3) amounted to $(27,000).

The fair values of Altaba’s Level 1 financial assets and liabilities are based on quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. The fair values of Altaba’s Level 2 financial assets and liabilities are obtained using quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets in markets that are not active; and inputs other than quoted prices (e.g., interest rates and yield curves). Altaba utilizes a pricing service to assist in obtaining fair value pricing for the marketable debt securities.

 

Type of investment

   Fair Value at
September 30, 2019
(in thousands)
     Valuation Technique      Unobservable Inputs

Unaffiliated investments - common shares

   $ 185        Transaction price      Price per share    $3.90

Investment in controlled affiliate - Excalibur

   $ 223,000        Income approach      Number of patents plus
applications pending
   3,420
         Discount rate    12.5%


Investments in Affiliates

If the Fund’s holding represents ownership of 5% or more of voting securities of a company, the company is deemed to be an affiliate as defined in the 1940 Act. The Fund had the following transactions during the period ended September 30, 2019 with affiliated companies(1):

 

     Alibaba Group
Holding
Limited
 

Balance of shares held at January 1, 2019

     283,315,416  

Purchases

     —    

Sales

     (278,315,416

Balance of shares held at September 30, 2019

     5,000,000  

Fair value as of September 30, 2019(2)

   $ 836,150  

Change in unrealized appreciation (depreciation)(2)

   $ (36,022,364

Distributions

   $ —    

Net realized gain (loss)(2)

   $ 44,017,327  

 

     Excalibur IP,
LLC
 

Balance of patents held and applications pending at January 1, 2019

     3,420  

Change in patents held

     —    

Balance of patents held and applications pending at September 30, 2019

     3,420  

Fair value as of September 30, 2019(2)

   $ 223,000  

Change in unrealized appreciation (depreciation)(2)

   $ (27,000

Distributions

   $ —    

Net realized gain (loss)(2)

   $ 27,006  

 

(1)

Affiliated issuer, as defined in the Investment Company Act of 1940, as amended.

(2)

In thousands.

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