# Portfolio overlap — FAAAX vs ICVT Comparing **K2 Alternative Strategies Fund** (2026-02-27) and **iShares Convertible Bond ETF** (2026-01-31). - Shared positions: 168 - K2 Alternative Strategies Fund covered by iShares Convertible Bond ETF: 0.1457987759604119313108084523 - iShares Convertible Bond ETF covered by K2 Alternative Strategies Fund: 0.1457987759604119313108084525 ## K2 Alternative Strategies Fund — top positions | Security | Weight | Shared | |----------|--------|--------| | DREYFUS QII GOV CASH 289 | 0.089698 | | | FIDELITY GOVERNMENT PORTFOLIO FRGXX 1.85% 8/24/2018 - Extendable | 0.078686 | | | DREY-GVT CSH-I | 0.074503 | | | U.S. Treasury Bills | 0.028480 | | | U.S. Treasury Bills | 0.026507 | | | U.S. Treasury Bills | 0.022752 | | | WESTERN DIGITAL CORPORATION SR UNSEC CV 3.0% 11-15-28 | 0.016947 | ✓ | | U.S. Treasury Bills | 0.014164 | | | US TREASURY N/B | 0.011458 | | | Lumentum Holdings, Inc. | 0.010369 | ✓ | | U.S. Treasury Bills | 0.009455 | | | US TREASURY N/B | 0.008971 | | | Bloom Energy Corporation | 0.007726 | | | STX 3.5 06/01/28 | 0.007701 | ✓ | | BLOOM ENERGY CORP SR UNSECURED 06/29 3 | 0.007449 | | | InterDigital, Inc., Convertible | 0.007291 | ✓ | | UST BILLS 0% 05/14/2026 | 0.006604 | | | US TREASURY N/B | 0.006465 | | | IREN Ltd., Series IREN | 0.006438 | | | MASTEC INC | 0.006108 | | | CONSTELLATION ENERGY CORP | 0.005311 | | | MERCK & CO | 0.005146 | | | CVS HEALTH CORP | 0.005075 | | | XCEL ENERGY INC | 0.004721 | | | U.S. Treasury Bills | 0.004714 | | | LONZA GROUP -REG | 0.004689 | | | NEXTERA ENERGY INC | 0.004447 | | | MITSUB ELEC CORP | 0.004318 | | | US TREASURY N/B | 0.004268 | | | EDWARDS LIFESCIENCES CORP | 0.004247 | | | FIRSTENERGY CORP | 0.004035 | | | ENTERGY CORP | 0.004008 | | | MIDCAP FINL ISSU 11/01/27 | 0.003956 | | | AGILENT TECHNOLOGIES INC | 0.003815 | | | U.S. Treasury Bills | 0.003779 | | | ARGENX SE SPONSORED ADR | 0.003761 | | | FUTURE - CASH SETTLED | 0.003686 | | | ABBOTT LABS | 0.003666 | | | SATS 3.875 11/30/30 | 0.003664 | | | BEONE MEDICINES LTD ADR | 0.003450 | | | PROVINCIA DE BUENOS AIRES/GOVERNMENT BONDS MTN 6.625000% 09/01/2037 | 0.003426 | | | LILLY ELI and CO | 0.003403 | | | VAXCYTE INC | 0.003396 | | | SCHOLAR ROCK HOLDING CORP | 0.003395 | | | Nebius Group NV | 0.003262 | ✓ | | TEVA PHARMACEUTICAL IND ADR | 0.003206 | | | ROIVANT SCIENCES LTD | 0.003093 | | | Nebius Group NV | 0.003015 | ✓ | | BOEING CO/THE | 0.003011 | | | INSMED INC | 0.002973 | | ## iShares Convertible Bond ETF — top positions | Security | Weight | Shared | |----------|--------|--------| | WESTERN DIGITAL CORPORATION SR UNSEC CV 3.0% 11-15-28 | 0.032298 | ✓ | | BABA 0.5 06/01/31 | 0.026734 | | | STX 3.5 06/01/28 | 0.015179 | ✓ | | LUMENTUM HOLDINGS INC SR UNSECURED 12/29 1.5 | 0.010439 | | | CRWV 1.75 12/01/31 | 0.009009 | ✓ | | GME 0 06/15/32 | 0.008824 | ✓ | | Lumentum Holdings Inc., Conv. | 0.008704 | | | BLOOM ENERGY CORP CONV 0% 11/15/2030 144A | 0.008551 | | | DOORDASH INC SR UNSECURED 144A 05/30 0.0000 | 0.008354 | ✓ | | Lumentum Holdings, Inc. | 0.007954 | | | STRATEGY INC CONV 0% 12/01/2029 144A | 0.007661 | | | MPUS 3 03/01/30 | 0.007400 | | | MKS INC SR UNSECURED 06/30 1.25 | 0.007236 | ✓ | | PG&E Corporation, Convertible | 0.006714 | ✓ | | UBER TECHNOLOGIES INC SR UNSECURED 12/28 0.875 | 0.006696 | | | SOFI TECHNOLOGIES INC CONV 1.25% 03/15/2029 144A | 0.006517 | ✓ | | Ford Motor Company Zero Coupon, Due 03/15/2026 | 0.006425 | | | NET 0 06/15/30 | 0.006352 | ✓ | | Akamai Technologies, Inc., Convertible | 0.006336 | ✓ | | ZTS 0.25 06/15/29 | 0.006238 | ✓ | | WELLTOWER OP LLC CV 144A SR UNSEC 2.75% 05-15-28 | 0.006223 | | | JD.COM INC SR UNSECURED 06/29 0.25 | 0.006114 | | | CHKP 0 12/15/30 | 0.006029 | ✓ | | SUPER MICRO COMPUTER INC SR UNSECURED 144A 06/30 0.0000 | 0.006018 | ✓ | | InterDigital, Inc., Convertible | 0.005811 | ✓ | | Lumentum Holdings, Inc. | 0.005551 | ✓ | | AIRBNB INC ZERO COUPON 03/15/2026 | 0.005465 | | | STRATEGY INC SR UNSECURED 144A 03/30 0.0000 | 0.005429 | | | GPN 1.5 03/01/31 | 0.005401 | | | Duke Energy Corporation, Convertible | 0.005311 | | | EVRG 4.5 12/15/27 | 0.005280 | ✓ | | TRIP.COM GROUP LTD SR UNSECURED 06/29 0.75 | 0.005160 | ✓ | | SOUTHERN CO/THE SR UNSECURED 144A 06/28 3.25 | 0.005121 | | | RIVN 3.625 10/15/30 | 0.005087 | | | Applied Digital Corporation, Convertible | 0.005062 | ✓ | | CIPHER MINING INC CONV 0% 10/01/2031 144A | 0.004962 | ✓ | | SNOWFLAKE INC SR UNSECURED 10/29 0.00000 | 0.004906 | ✓ | | GME 0 04/01/30 | 0.004901 | ✓ | | ZSCALER INC SR UNSECURED 144A 07/28 0.0000 | 0.004899 | ✓ | | Nebius Group NV 1.0%, Due 09/15/2030 | 0.004876 | | | Liberty Media Corporation | 0.004866 | ✓ | | SUPER MICRO COMPUTER INC CONV 3.5% 03/01/2029 | 0.004848 | ✓ | | Welltower OP, LLC, Convertible | 0.004805 | ✓ | | RIVN 4.625 03/15/29 | 0.004801 | ✓ | | AST SPACEMOBILE INC SR UNSECURED 144A 01/36 2 | 0.004769 | | | SNOWFLAKE INC CONV 0% 10/01/2027 | 0.004743 | ✓ | | NEBIUS GROUP NV CONV 2.75% 09/15/2032 144A | 0.004735 | | | FIRSTENERGY CORP SR UNSECURED 144A 01/29 3.625 | 0.004496 | | | LYV 3.125 01/15/29 | 0.004486 | ✓ | | ON Semiconductor Corporation, Convertible | 0.004467 | ✓ | ## Sources - N-PORT (fund A) — accession `0000940400-26-014752` (as of 2026-02-27) - N-PORT (fund B) — accession `0001410368-26-031749` (as of 2026-01-31) --- _Informational only — not investment advice. FundWatcher presents publicly available data and makes no recommendation to buy or sell any security. Verify all figures against the source filing before relying on them._ _Data sourced from U.S. SEC EDGAR filings (Forms N-PORT, N-CEN, and prospectus Risk/Return summaries). FundWatcher is not affiliated with the SEC._ _Use of this data is subject to the FundWatcher Terms of Service. Information may be used only for personal, non-commercial research and may not be redistributed. See _