UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

Report for the Calendar Year or Quarter Ended:
12-31-2014
Check here if Amendment: Amendment Number:
This Amendment (Check only one.): is a restatement.
adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:
CTC Alternative Strategies, Ltd.
Address:
440 SOUTH LASALLE ST.
4TH FLOOR
CHICAGO, IL 60605
Form 13F File Number:

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.


Person Signing this Report on Behalf of Reporting Manager:
Name:
Joseph Harriman
Title:
Manager
Phone:
312-863-4525


Signature, Place, and Date of Signing:

Joseph Harriman
                         [Signature]
Chicago, ILLINOIS
                 [City, State]
01-29-2015
                           [Date]
                          

Report Type (Check only one.):

13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.) 

13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).) 

13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)


Form 13F Summary Page

Report Summary:

Number of Other Included Managers:
0
Form 13F Information table Entry Total:
129
Form 13F Information table Value Total:
50038
          (thousands)

List of Other Included Managers:

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state "NONE" and omit the column headings and list entries.]

  
NONE


UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number:3235-0006
Expires:July 31, 2015
Estimated average burden
hours per response:23.8

COLUMN 1COLUMN 2COLUMN 3COLUMN 4COLUMN 5COLUMN 6COLUMN 7COLUMN 8
VALUESHRS ORSH/PUT/INVESTMENTOTHERVOTING AUTHORITY
NAME OF ISSUERTITLE OF CLASSCUSIP(x$1000)PRN AMTPRNCALLDISCRETIONMANAGERSOLESHAREDNONE
POWERSECURE INTERNATIONAL INCOM73936N105124,65510,700SHSOLE10,700 0 0
WESTERN ASSET HIGH YIELD DEFETF95768B107281,33617,840SHSOLE17,840 0 0
INVESCO SENIOR INCOME TRUSTETF46131H107487,737106,960SHSOLE106,960 0 0
NEWS CORP - CLASS BCOM65249B2081,508,000100,000SHSOLE100,000 0 0
LORILLARD INCCOM544147101339,8765,400SHSOLE5,400 0 0
WELLS FARGO & COCOM949746101427,5967,800SHSOLE7,800 0 0
BANK OF AMERICA CORPCOM060505104506,28728,300SHSOLE28,300 0 0
CISCO SYSTEMS INCCOM17275R102369,93913,300SHSOLE13,300 0 0
ASCENA RETAIL GROUP INCCOM04351G101147,34111,731SHSOLE11,731 0 0
MORGAN STANLEY EMERGING MARKETF617477104191,13618,100SHSOLE18,100 0 0
ARCH COAL INCCOM03938010063,08435,441SHSOLE35,441 0 0
INVESCO AD MIT IIETF46132E103171,91214,820SHSOLE14,820 0 0
EATON VANCE LTD DURATION FNDETF27828H105510,01436,120SHSOLE36,120 0 0
AMAZON.COM INCCOM023135106283,970915SHSOLE915 0 0
PLANAR SYSTEMS INCCOM726900103118,01714,100SHSOLE14,100 0 0
PIONEER FLOATING RATE TRUSTETF72369J102303,84626,700SHSOLE26,700 0 0
ARROWHEAD RESEARCH CORPCOM04279720993,01012,603SHSOLE12,603 0 0
COMCAST CORP-SPECIAL CL ACOM20030N2002,302,60040,000SHSOLE40,000 0 0
JAKKS PACIFIC INCCOM47012E106189,72027,900SHSOLE27,900 0 0
CORNERSTONE PROGRESSIVE RETUETF21925C200322,52821,205SHSOLE21,205 0 0
GROUPON INCCOM399473107112,17013,580SHSOLE13,580 0 0
JPMORGAN CHASE & COCOM46625H100331,6745,300SHSOLE5,300 0 0
REX ENERGY CORPCOM76156510053,17210,426SHSOLE10,426 0 0
GAMCO NATURAL RESOURCES GOLDETF36465E101310,89638,525SHSOLE38,525 0 0
PGT INCCOM69336V101166,59917,300SHSOLE17,300 0 0
PNC FINANCIAL SERVICES-CW18WTS6934751214,632,566185,674SHSOLE185,674 0 0
CAMPUS CREST COMMUNITIES INCCOM13466Y10573,25310,021SHSOLE10,021 0 0
GLU MOBILE INCCOM37989010665,52016,800SHSOLE16,800 0 0
RIGHTSIDE GROUP LTDCOM76658B10067,34110,021SHSOLE10,021 0 0
EXPEDITORS INTL WASH INCCOM302130109236,4335,300SHSOLE5,300 0 0
WESTERN ASSET GLOBAL PARTNERETF95766G108166,20816,960SHSOLE16,960 0 0
WESTERN ASSET EMERGING MARKEETF95766A101185,96811,800SHSOLE11,800 0 0
BLACKROCK FLT RT INCETF091941104261,62620,360SHSOLE20,360 0 0
TCF FINANCIAL CORP-CW18WTS872275128376,362144,200SHSOLE144,200 0 0
ZYNGA INC - CL ACOM98986T10898,82637,153SHSOLE37,153 0 0
EMULEX CORPCOM292475209108,29719,100SHSOLE19,100 0 0
PRUDENTIAL SHORT DURATION HIETF74442F107228,51613,700SHSOLE13,700 0 0
NEWS CORP - CLASS ACOM65249B109179,61911,448SHSOLE11,448 0 0
ADVENT CLAYMORE CONVERTIBLEETF007639107150,31823,860SHSOLE23,860 0 0
BLACKROCK MUNICIPAL TARGETETF09257P1051,141,21256,805SHSOLE56,805 0 0
COEUR MINING INCCOM19210850487,36517,097SHSOLE17,097 0 0
CHIMERA INVESTMENT CORPCOM16934Q109890,400280,000SHSOLE280,000 0 0
DEERE & COCOM244199105371,5744,200SHSOLE4,200 0 0
REALTY INCOME CORPCOM756109104662,88213,894SHSOLE13,894 0 0
ABERDEEN ASIA-PAC INCOME FDETF00300910796,57017,400SHSOLE17,400 0 0
SPRINT CORPCOM85207U105222,28253,562SHSOLE53,562 0 0
EATON VANCE FLOAT RT INC TRETF278279104339,40224,435SHSOLE24,435 0 0
NUVEEN MORT OPP TERM FDETF670735109238,90810,320SHSOLE10,320 0 0
NUVEEN CREDIT STRAT INC FDETF67073D102351,85240,120SHSOLE40,120 0 0
INVESCO DYNAMIC CREDIT OPPETF46132R104613,11951,740SHSOLE51,740 0 0
STAPLES INCCOM855030102201,13211,100SHSOLE11,100 0 0
CAPITAL ONE FINANCIAL C-CW18WTS14040H1391,027,75025,000SHSOLE25,000 0 0
FIFTH STREET FINANCE CORPCOM31678A10392,91611,600SHSOLE11,600 0 0
DEUTSCHE MULTI-MARKET INCOMEETF25160E10294,95511,145SHSOLE11,145 0 0
CALIFORNIA RESOURCES CORPCOM13057Q10778,24214,200SHSOLE14,200 0 0
ESSEX PROPERTY TRUST INCCOM297178105392,5401,900SHSOLE1,900 0 0
BUNGE LTDCOMG16962105227,2752,500SHSOLE2,500 0 0
VIMPELCOM LTD-SPON ADRCOM92719A106108,13225,900SHSOLE25,900 0 0
ALBEMARLE CORPCOM012653101294,6374,900SHSOLE4,900 0 0
CITIGROUP INCCOM172967424395,0037,300SHSOLE7,300 0 0
WP GLIMCHER INCCOM92939N102316,84818,400SHSOLE18,400 0 0
LIBERTY GLOBAL PLC-SERIES CCOM530555309241,5505,000SHSOLE5,000 0 0
AMERICAN AIRLINES GROUP INCCOM02376R102241,3354,500SHSOLE4,500 0 0
BGC PARTNERS INC-CL ACOM05541T101105,22511,500SHSOLE11,500 0 0
GOOGLE INC-CL ACOM38259P508716,3911,350SHSOLE1,350 0 0
WESTERN ASSET EMERGING MARKEETF95766E103147,16813,440SHSOLE13,440 0 0
CLEARBRIDGE AMERICAN ENERGYETF184691103169,17610,600SHSOLE10,600 0 0
ABERDEEN AUSTRALIA EQUITY FDETF00301110392,88413,540SHSOLE13,540 0 0
AVON PRODUCTS INCCOM054303102162,29617,284SHSOLE17,284 0 0
SFX ENTERTAINMENT INCCOM78417830381,88818,077SHSOLE18,077 0 0
MCDERMOTT INTL INCCOM58003710970,84324,345SHSOLE24,345 0 0
JOHNSON CONTROLS INCCOM478366107522,84510,816SHSOLE10,816 0 0
NUVEEN LONG/SHORT COMMODITYETF670731108199,20012,000SHSOLE12,000 0 0
COMERICA INC-CW18WTS2003401153,309,980184,400SHSOLE184,400 0 0
INVESCO MORTGAGE CAPITALCOM46131B100231,90015,000SHSOLE15,000 0 0
TEMPLETON GLOBAL INCOME FUNDETF880198106117,19716,300SHSOLE16,300 0 0
NUVEEN INT DUR MUNI TERM FDETF670671106685,56254,845SHSOLE54,845 0 0
SANOFI CVRCOM80105N11359,88275,800SHSOLE75,800 0 0
TWENTY-FIRST CENTURY FOX - BCOM90130A2005,533,500150,000SHSOLE150,000 0 0
APPLIED MICRO CIRCUITS CORPCOM03822W40680,09112,284SHSOLE12,284 0 0
ALLIANCEBERNSTEIN GL HI INCETF01879R106213,29817,160SHSOLE17,160 0 0
QIWI PLC-SPONSORED ADRCOM74735M108205,93810,200SHSOLE10,200 0 0
HALYARD HEALTH INCCOM40650V100350,1197,700SHSOLE7,700 0 0
GENERAL MOTORS COCOM37045V100571,23216,363SHSOLE16,363 0 0
NORANDA ALUMINUM HOLDING CORCOM65542W10768,64019,500SHSOLE19,500 0 0
KLX INCCOM482539103208,3125,050SHSOLE5,050 0 0
BLACKROCK DEBT STRATEGIES FDETF09255R103370,43799,580SHSOLE99,580 0 0
GAMCO GLOBAL GOLD NATURAL REETF36465A109182,70026,100SHSOLE26,100 0 0
SANDRIDGE ENERGY INCCOM80007P30758,45132,116SHSOLE32,116 0 0
CUMULUS MEDIA INC-CL ACOM23108210859,22014,000SHSOLE14,000 0 0
DONALDSON CO INCCOM257651109274,2737,100SHSOLE7,100 0 0
VOYA PRIME RATE TRUSTETF92913A100418,85278,880SHSOLE78,880 0 0
BLACKROCK LTD DURATION INCETF09249W101282,01617,940SHSOLE17,940 0 0
BLACKROCK RESOURCES & COMMODETF09257A108224,99023,171SHSOLE23,171 0 0
TRIQUINT SEMICONDUCTOR INCCOM89674K103493,42017,910SHSOLE17,910 0 0
CTC MEDIA INCCOM12642X10649,67410,200SHSOLE10,200 0 0
PENNYMAC MORTGAGE INVESTMENTCOM70931T103210,90010,000SHSOLE10,000 0 0
BLACKROCK MUNIHOLDINGS QU IIETF09254C107169,57812,580SHSOLE12,580 0 0
APOLLO INVESTMENT CORPCOM03761U10687,55611,800SHSOLE11,800 0 0
MDU RESOURCES GROUP INCCOM552690109332,87714,165SHSOLE14,165 0 0
VALLEY NATIONAL BANCORP-CW18WTS91979413120,52076,000SHSOLE76,000 0 0
ADVANCED MICRO DEVICESCOM007903107104,13539,002SHSOLE39,002 0 0
CULLEN/FROST BANKERS INCCOM229899109218,9843,100SHSOLE3,100 0 0
BLACKROCK FLOAT RT INCOME STETF09255X100368,49227,520SHSOLE27,520 0 0
KEY ENERGY SERVICES INCCOM49291410670,48942,209SHSOLE42,209 0 0
TEMPLETON EMERG MKTS INC FDETF880192109312,98427,600SHSOLE27,600 0 0
MGIC INVESTMENT CORPCOM552848103103,45211,100SHSOLE11,100 0 0
WESTERN ASSET HIGH INCOME OPETF95766K10965,19112,140SHSOLE12,140 0 0
RF MICRO DEVICES INCCOM749941100175,85410,600SHSOLE10,600 0 0
FIRST TRUST SENIOR FLOATINGETF33733U108285,69921,960SHSOLE21,960 0 0
PEABODY ENERGY CORPCOM70454910483,01910,726SHSOLE10,726 0 0
GRAFTECH INTERNATIONAL LTDCOM38431310287,71517,335SHSOLE17,335 0 0
BLACKSTONE/GSO LONG-SHORT CRETF09257D102294,44818,960SHSOLE18,960 0 0
BLACKHAWK NETWORK HD-BCOM09238E2031,056,78928,039SHSOLE28,039 0 0
SUPERVALU INCCOM868536103113,49011,700SHSOLE11,700 0 0
ISHARES NATIONAL AMT-FREE MUETF464288414760,6836,894SHSOLE6,894 0 0
TRW AUTOMOTIVE HOLDINGS CORPCOM87264S106205,7002,000SHSOLE2,000 0 0
BLACKSTONE/GSO STRATEGIC CETF09257R101463,08828,100SHSOLE28,100 0 0
UNITED CONTINENTAL HOLDINGSCOM910047109241,7403,614SHSOLE3,614 0 0
ION GEOPHYSICAL CORPCOM46204410839,94614,526SHSOLE14,526 0 0
HERTZ GLOBAL HOLDINGS INCCOM42805T105222,5148,922SHSOLE8,922 0 0
FIRST TRUST ABERDEEN GLOBALETF337319107234,78019,500SHSOLE19,500 0 0
ARES DYNAMIC CREDIT ALLOCATIETF04014F102234,13614,800SHSOLE14,800 0 0
DISCOVERY COMMUNICATIONS-CCOM25470F3021,070,30631,741SHSOLE31,741 0 0
MONSTER WORLDWIDE INCCOM61174210777,64316,806SHSOLE16,806 0 0
NUVEEN FLOAT RATE INC FDETF67072T108139,79212,720SHSOLE12,720 0 0
TRAVELERS COS INC/THECOM89417E109338,7203,200SHSOLE3,200 0 0
PETROQUEST ENERGY INCCOM71674810838,94410,413SHSOLE10,413 0 0
VECTRUS INCCOM92242T101215,2277,855SHSOLE7,855 0 0