# Blackstone Alternative Multi-Strategy Fund

Blackstone Alternative Multi-Strategy Fund is a registered fund series of Blackstone Alternative Investment Funds (series S000045538). Net assets $3.6B as of 2026-03-31.

## Profile

- Series ID: S000045538
- Registrant: Blackstone Alternative Investment Funds
- LEI: 549300L5W5CEUPTA7918
- Net assets: $3.6B
- Total assets: $10.8B
- As of: 2026-03-31

## Advisers

- [Mariner Investment Group, LLC (Subadvisor)](https://search.stillhousedata.com/firm/124744)
- [Oak Hill Advisors, L.P. (Subadvisor)](https://search.stillhousedata.com/firm/125352)
- [Capital Fund Management S.A. (Subadvisor)](https://search.stillhousedata.com/firm/125780)
- [Nephila Capital Ltd. (Subadvisor)](https://search.stillhousedata.com/firm/132780)
- [D. E. Shaw Investment Management, L.L.C. (Subadvisor)](https://search.stillhousedata.com/firm/135284)
- [Two Sigma Investments, LP (Subadvisor)](https://search.stillhousedata.com/firm/137137)
- [Blackstone Liquid Credit Strategies LLC (Subadvisor)](https://search.stillhousedata.com/firm/144537)
- [Blackstone Real Estate Special Situations Advisors L.L.C. (Subadvisor)](https://search.stillhousedata.com/firm/146043)
- [Harvest Fund Advisors, LLC (Subadvisor)](https://search.stillhousedata.com/firm/154425)
- [Caspian Capital LP (Subadvisor)](https://search.stillhousedata.com/firm/155751)

## Top holdings (200 reported)

_Showing 15 of 200 holdings by value._

| Holding | Ticker | Value | % of fund |
| --- | --- | --- | --- |
| [UMBS, TBA](https://search.stillhousedata.com/security/01F052649) | — | $508.3M | 1407.53% |
| [UMBS, TBA](https://search.stillhousedata.com/security/01F062655) | — | $375.1M | 1038.89% |
| [UMBS, TBA](https://search.stillhousedata.com/security/01F050650) | — | $216.6M | 599.98% |
| [UMBS, TBA](https://search.stillhousedata.com/security/01F052656) | — | $200.6M | 555.58% |
| [Government National Mortgage Association](https://search.stillhousedata.com/security/21H052652) | — | $169.6M | 469.79% |
| ROKOS GLOBAL MACRO FUND LTD | — | $107.3M | 297.17% |
| ASGARD FIXED INCOME RSK PREMIA | — | $99.7M | 276.12% |
| [Government National Mortgage Association](https://search.stillhousedata.com/security/21H052645) | — | $96.6M | 267.39% |
| Ruffer SICAV - Ruffer Total Return International | — | $84.2M | 233.10% |
| [UMBS, TBA](https://search.stillhousedata.com/security/01F062648) | — | $75.5M | 209.06% |
| Kirkoswald Global Ltd. | — | $70.1M | 194.10% |
| [Applied Materials Inc](https://search.stillhousedata.com/security/038222105) | — | $51.6M | 143.00% |
| [UMBS, TBA](https://search.stillhousedata.com/security/01F060659) | — | $50.9M | 140.95% |
| Pershing Square Holdings Ltd/Fund | — | $37.7M | 104.43% |
| Rokos Global Macro Fund Ltd. | — | $24.8M | 68.79% |

## Net asset history

| Report date | Net assets |
| --- | --- |
| 2026-03-31 | $3.6B |
| 2025-12-31 | $3.8B |
| 2025-09-30 | $3.9B |
| 2025-06-30 | $3.8B |
| 2025-03-31 | $3.7B |
| 2024-12-31 | $3.7B |
| 2024-09-30 | $3.7B |
| 2024-06-30 | $3.7B |

## More

- [Registrant: Blackstone Alternative Investment Funds](https://search.stillhousedata.com/registrant/1557794)
- [This page as markdown (for LLM agents)](https://search.stillhousedata.com/fund/S000045538.md)
- [Search all SEC filings, advisers and people on Adviser Search](https://search.stillhousedata.com/)

---

Source: public SEC filing data via Adviser Search (https://search.stillhousedata.com).
Agents: this data is also queryable via MCP tools and read-only SQL — see https://search.stillhousedata.com/llms.txt.