NPORT-P
false
0001829774
XXXXXXXX
S000070614
C000224306
C000224308
C000224305
C000224307
James Alpha Funds Trust
811-23611
0001829774
5493007JDS1R5QEQGK05
515 Madison Ave
New York
10022
646-201-4042
Easterly Hedged Equity Fund
S000070614
549300WGEYPL9X2TRF41
2026-08-31
2026-08-31
N
916600840.08
230888715.60
685712124.48
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
26810636.77000000
N
Bloomberg 500 Index (USD) TR
B500TUSD
N/A
N/A
SPY BULLET SWAP K
N/A
10000.00000000
NS
USD
226600.00000000
0.033045937487
Long
DO
US
N
2
GOLDMAN SACHS INTERNATIONAL
W22LROWP2IHZNBB6K528
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
Y
performance
2027-07-23
0.00000000
USD
0.00000000
USD
-7443900.00000000
USD
226600.00000000
N
N
N
BBH
N/A
BBH SWEEP VEHICLE
N/A
3839118.97000000
PA
USD
3839118.97000000
0.559873281066
Long
STIV
US
N
1
N
N
N
N/A
N/A
SPY US 09/30/26 C790
N/A
-2500.00000000
NC
USD
-480000.00000000
-0.07000022062
Short
DE
CORP
N/A
N
2
PERSHING LLC
ZI8Q1A8EI8LQFJNM0D94
Call
Written
SPDR S&P 500 ETF TRUST
SPDR S&P 500 ETF TRUST TR UNIT
-2500.00000000
790.00000000
USD
2026-09-30
XXXX
189095.41000000
N
N
N
N/A
N/A
SPY BULLET SWAP S
N/A
20000.00000000
NS
USD
419754.00000000
0.061214317935
Long
DO
US
N
2
GOLDMAN SACHS INTERNATIONAL
W22LROWP2IHZNBB6K528
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
Y
performance
2027-06-30
0.00000000
USD
0.00000000
USD
-14921246.00000000
USD
419754.00000000
N
N
N
N/A
N/A
SPY BULLET SWAP R
N/A
20000.00000000
NS
USD
1415000.00000000
0.206354817055
Long
DO
US
N
2
GOLDMAN SACHS INTERNATIONAL
W22LROWP2IHZNBB6K528
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
Y
performance
2027-03-04
0.00000000
USD
0.00000000
USD
-13926000.00000000
USD
1415000.00000000
N
N
N
N/A
N/A
SPY BULLET SWAP J
N/A
105000.00000000
NS
USD
11662812.00000000
1.700832110682
Long
DO
US
N
2
GOLDMAN SACHS INTERNATIONAL
W22LROWP2IHZNBB6K528
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
Y
performance
2027-03-05
0.00000000
USD
0.00000000
USD
-68877438.00000000
USD
11662812.00000000
N
N
N
N/A
N/A
SPXW US 09/30/26 P7575
N/A
770.00000000
NC
USD
4704700.00000000
0.686104245796
Long
DE
CORP
N/A
N
2
PERSHING LLC
ZI8Q1A8EI8LQFJNM0D94
Put
Purchased
S&P DOW JONES INDICES LLC INDEX
78378X107
770.00000000
7575.00000000
USD
2026-09-30
XXXX
203757.09000000
N
N
N
N/A
N/A
SPXW US 09/18/26 P7200
N/A
-1000.00000000
NC
USD
-855000.00000000
-0.12468789299
Short
DE
CORP
N/A
N
2
PERSHING LLC
ZI8Q1A8EI8LQFJNM0D94
Put
Written
S&P DOW JONES INDICES LLC INDEX
78378X107
-1000.00000000
7200.00000000
USD
2026-09-18
XXXX
1787141.50000000
N
N
N
N/A
N/A
SPY BULLET SWAP N
N/A
82500.00000000
NS
USD
9780086.25000000
1.426267073433
Long
DO
US
N
2
GOLDMAN SACHS INTERNATIONAL
W22LROWP2IHZNBB6K528
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
Y
performance
2026-09-09
0.00000000
USD
0.00000000
USD
-53501538.75000000
USD
9780086.25000000
N
N
N
N/A
N/A
SPY BULLET SWAP O
N/A
40000.00000000
NS
USD
3843200.00000000
0.560468433151
Long
DO
US
N
2
GOLDMAN SACHS INTERNATIONAL
W22LROWP2IHZNBB6K528
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
Y
performance
2026-12-08
0.00000000
USD
0.00000000
USD
-26838800.00000000
USD
3843200.00000000
N
N
N
N/A
N/A
SPY BULLET SWAP Q
N/A
15000.00000000
NS
USD
1165800.00000000
0.170013035847
Long
DO
US
N
2
GOLDMAN SACHS INTERNATIONAL
W22LROWP2IHZNBB6K528
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
Y
performance
2027-03-29
0.00000000
USD
0.00000000
USD
-10339950.00000000
USD
1165800.00000000
N
N
N
N/A
N/A
SPXW US 09/30/26 P7175
N/A
-770.00000000
NC
USD
-1293600.00000000
-0.18865059458
Short
DE
CORP
N/A
N
2
PERSHING LLC
ZI8Q1A8EI8LQFJNM0D94
Put
Written
S&P DOW JONES INDICES LLC INDEX
78378X107
-770.00000000
7175.00000000
USD
2026-09-30
XXXX
18331.08000000
N
N
N
N/A
N/A
SPY US 09/18/26 C790
N/A
-2500.00000000
NC
USD
-187500.00000000
-0.02734383618
Short
DE
CORP
N/A
N
2
PERSHING LLC
ZI8Q1A8EI8LQFJNM0D94
Call
Written
SPDR S&P 500 ETF TRUST
SPDR S&P 500 ETF TRUST TR UNIT
-2500.00000000
790.00000000
USD
2026-09-18
XXXX
1589349.59000000
N
N
N
N/A
N/A
SPXW US 09/18/26 P7600
N/A
1000.00000000
NC
USD
4790000.00000000
0.698543868337
Long
DE
CORP
N/A
N
2
PERSHING LLC
ZI8Q1A8EI8LQFJNM0D94
Put
Purchased
S&P DOW JONES INDICES LLC INDEX
78378X107
1000.00000000
7600.00000000
USD
2026-09-18
XXXX
-2847395.50000000
N
N
N
N/A
N/A
SPY BULLET SWAP L
N/A
25000.00000000
NS
USD
556750.00000000
0.081192964237
Long
DO
US
N
2
GOLDMAN SACHS INTERNATIONAL
W22LROWP2IHZNBB6K528
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
Y
performance
2027-07-06
0.00000000
USD
0.00000000
USD
-18619500.00000000
USD
556750.00000000
N
N
N
SPDR S&P 500 ETF TRUST
549300NZAMSJ8FXPQQ63
SS S&P 500 ET-US
78462F103
812500.00000000
NS
USD
623228125.00000000
90.88772135575
Long
EC
RF
US
N
1
N
N
N
N/A
N/A
SPY BULLET SWAP M
N/A
20000.00000000
NS
USD
2621000.00000000
0.382230371380
Long
DO
US
N
2
GOLDMAN SACHS INTERNATIONAL
W22LROWP2IHZNBB6K528
SPDR S&P 500 ETF Trust
SPDR S&P 500 ETF Trust
Y
performance
2027-10-01
0.00000000
USD
0.00000000
USD
-12720000.00000000
USD
2621000.00000000
N
N
N
2026-09-28
James Alpha Funds Trust
Erik Naviloff
Erik Naviloff
Asst Treasurer