AQR Funds NPORT-P AQR Diversifying Strategies Fund (Mar 2024 report)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2024

1

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

250.8%

COMMON

STOCKS

-

182.7%

Australia

-

5.4%

AGL

Energy

Ltd.

(2)(a)

13,041

70,920

ANZ

Group

Holdings

Ltd.

(2)(a)

38,337

734,771

Aristocrat

Leisure

Ltd.

(2)(a)

26,309

736,676

Aurizon

Holdings

Ltd.

(2)(a)

96,851

252,535

BHP

Group

Ltd.

(2)(a)

22,332

645,706

BlueScope

Steel

Ltd.

(2)(a)

69,221

1,076,602

Brambles

Ltd.

(2)(a)

45,314

476,889

CAR

Group

Ltd.

(2)(a)

1,495

35,141

Cochlear

Ltd.

(2)(a)

389

85,553

Computershare

Ltd.

(2)(a)

3,818

65,032

Fortescue

Ltd.

(2)(a)

23,478

392,905

Harvey

Norman

Holdings

Ltd.

(2)(a)

117,733

395,112

Incitec

Pivot

Ltd.

(2)(a)

83,276

156,838

JB

Hi-Fi

Ltd.

(2)(a)

24,411

1,021,906

Lendlease

Corp.

Ltd.

(2)(a)

101,250

424,114

Medibank

Pvt

Ltd.

(2)(a)

41,686

102,136

Northern

Star

Resources

Ltd.

(2)(a)

36,104

340,662

Orica

Ltd.

(2)(a)

9,671

115,030

Origin

Energy

Ltd.

(2)(a)

39,369

236,164

Pro

Medicus

Ltd.

(2)(a)

5,499

371,850

QBE

Insurance

Group

Ltd.

(2)(a)

24,906

294,407

Qube

Holdings

Ltd.

(2)(a)

136,162

302,531

REA

Group

Ltd.

(2)(a)

485

58,602

Reece

Ltd.

(2)(a)

2,148

39,329

Santos

Ltd.

(2)(a)

7,410

37,516

Seven

Group

Holdings

Ltd.

(2)(a)

2,973

79,004

Suncorp

Group

Ltd.

(2)(a)

23,510

250,944

Tabcorp

Holdings

Ltd.

(2)(a)

29,182

14,360

Telstra

Group

Ltd.

(2)(a)

96,413

242,520

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(2)(a)

2,626

57,490

Wesfarmers

Ltd.

(2)(a)

24,234

1,080,226

Westpac

Banking

Corp.

(2)(a)

43,128

733,528

Whitehaven

Coal

Ltd.

(2)(a)

37,107

171,604

Worley

Ltd.

(2)(a)

23,354

254,913

Yancoal

Australia

Ltd.

(2)(a)

36,378

124,205

11,477,721

Austria

-

0.2%

Mondi

plc

(a)

26,102

459,742

Belgium

-

0.9%

Ageas

SA/NV

(2)(a)

16,034

742,784

KBC

Group

NV

(2)

2,306

172,886

Proximus

SADP

(a)

30,306

245,152

Solvay

SA

(2)(a)

9,410

256,814

Syensqo

SA

(2)*(a)

5,171

489,981

UCB

SA

(2)(a)

301

37,158

1,944,775

Brazil

-

0.1%

Yara

International

ASA

(2)

8,672

274,981

Canada

-

7.0%

Air

Canada

*(a)

36,723

531,644

Alimentation

Couche-Tard,

Inc.

(a)

4,410

251,698

ARC

Resources

Ltd.

(a)

26,499

472,445

Atco

Ltd.,

Class

I

(a)

2,136

59,465

INVESTMENTS

SHARES

VALUE

($)

Canada

-

7.0%

(continued)

Bank

of

Montreal

(a)

3,567

348,260

Bank

of

Nova

Scotia

(The)

(a)

10,747

555,935

Boyd

Group

Services,

Inc.

(a)

458

96,837

Canadian

Imperial

Bank

of

Commerce

(a)

12,203

618,641

Canadian

National

Railway

Co.

(a)

813

107,058

Canadian

Tire

Corp.

Ltd.,

Class

A

(a)

3,389

338,012

Capital

Power

Corp.

(a)

3,737

105,416

CGI,

Inc.

*(a)

3,874

427,397

Constellation

Software,

Inc.

(a)

159

434,314

Descartes

Systems

Group,

Inc.

(The)

*(a)

821

75,096

Empire

Co.

Ltd.,

Class

A

(a)

23,825

581,840

Enerplus

Corp.

(a)

12,085

237,409

Fairfax

Financial

Holdings

Ltd.

(a)

1,092

1,177,091

Finning

International,

Inc.

(a)

4,586

134,782

Fortis,

Inc.

(a)

4,005

158,243

George

Weston

Ltd.

(a)

1,183

159,832

Hydro

One

Ltd.

(a)(b)

7,321

213,488

iA

Financial

Corp.,

Inc.

(a)

3,887

241,476

IGM

Financial,

Inc.

(a)

2,940

75,814

Imperial

Oil

Ltd.

(a)

8,332

574,699

Kinross

Gold

Corp.

(a)

16,710

102,514

Loblaw

Cos.

Ltd.

(a)

1,928

213,645

Magna

International,

Inc.

(a)

3,502

190,774

Manulife

Financial

Corp.

(a)

65,965

1,647,481

MEG

Energy

Corp.

*(a)

13,367

306,902

National

Bank

of

Canada

(a)

1,664

140,117

Onex

Corp.

(a)

2,212

165,702

Open

Text

Corp.

(a)

16,245

630,348

Parkland

Corp.

(a)

1,618

51,530

Quebecor,

Inc.,

Class

B

(a)

8,412

184,380

Restaurant

Brands

International,

Inc.

(a)

1,004

79,731

Saputo,

Inc.

(a)

1,814

35,689

Stantec,

Inc.

(a)

3,864

320,804

Sun

Life

Financial,

Inc.

(a)

9,821

535,875

Suncor

Energy,

Inc.

(a)

8,125

299,855

TFI

International,

Inc.

(a)

3,897

621,426

TMX

Group

Ltd.

(a)

7,350

193,877

Toromont

Industries

Ltd.

(a)

467

44,940

Tourmaline

Oil

Corp.

(a)

14,446

675,402

West

Fraser

Timber

Co.

Ltd.

(a)

4,006

345,902

Whitecap

Resources,

Inc.

(a)

24,499

185,386

14,949,172

Chile

-

0.0%

†

Lundin

Mining

Corp.

5,567

56,963

China

-

0.9%

NXP

Semiconductors

NV

2,657

658,325

Wilmar

International

Ltd.

(2)

111,000

281,954

Yangzijiang

Shipbuilding

Holdings

Ltd.

(2)

701,900

992,803

1,933,082

2

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Denmark

-

2.1%

AP

Moller

-

Maersk

A/S,

Class

B

(2)(a)

26

33,900

Carlsberg

A/S,

Class

B

(2)(a)

4,987

682,946

Danske

Bank

A/S

(2)(a)

16,206

486,446

Genmab

A/S

(2)*(a)

1,825

547,187

ISS

A/S

(2)(a)

29,034

528,966

Jyske

Bank

A/S

(Registered)

(2)(a)

2,557

216,592

Novo

Nordisk

A/S,

Class

B

(2)(a)

1,761

225,889

Pandora

A/S

(2)(a)

7,272

1,173,745

ROCKWOOL

A/S,

Class

B

(2)*(a)

1,758

578,427

4,474,098

Finland

-

0.8%

Elisa

OYJ

(2)(a)

4,247

189,346

Fortum

OYJ

(2)(a)

35,383

436,844

Huhtamaki

OYJ

(a)

968

40,551

Kesko

OYJ,

Class

B

(2)(a)

8,792

164,358

Kone

OYJ,

Class

B

(2)(a)

5,790

269,739

Metso

OYJ

(2)(a)

16,209

192,545

Nokia

OYJ

(2)(a)

43,632

154,811

Valmet

OYJ

(2)(a)

2,639

69,470

Wartsila

OYJ

Abp

(2)(a)

12,833

195,030

1,712,694

France

-

4.8%

Amundi

SA

(2)(a)(b)

2,956

203,038

Arkema

SA

(2)(a)

3,341

351,740

BNP

Paribas

SA

(2)(a)

14,673

1,044,643

Bouygues

SA

(2)(a)

18,383

750,484

Carrefour

SA

(2)(a)

27,964

479,704

Cie

de

Saint-Gobain

SA

(2)(a)

19,959

1,549,092

Credit

Agricole

SA

(2)(a)

78,410

1,169,714

Dassault

Aviation

SA

(2)(a)

1,333

293,487

Eiffage

SA

(2)(a)

5,139

583,237

Engie

SA

(2)(a)

25,164

421,682

Gaztransport

Et

Technigaz

SA

(2)

(a)

236

35,285

Ipsen

SA

(2)(a)

406

48,313

Orange

SA

(2)(a)

51,874

610,039

Publicis

Groupe

SA

(2)(a)

658

71,736

Rexel

SA

(2)(a)

35,839

968,113

SCOR

SE

(2)(a)

2,834

98,106

Societe

Generale

SA

(2)(a)

9,272

248,425

Sodexo

SA

(2)(a)

714

61,206

TotalEnergies

SE

(2)(a)

14,528

999,372

Ubisoft

Entertainment

SA

(2)*(a)

5,501

115,708

Veolia

Environnement

SA

(2)(a)

3,314

107,811

10,210,935

Germany

-

7.5%

Allianz

SE

(Registered)

(2)(a)

3,444

1,032,226

Aurubis

AG

(2)(a)

4,575

321,765

Bayerische

Motoren

Werke

AG

(2)

(a)

2,785

321,330

Bechtle

AG

(2)(a)

7,449

393,711

Brenntag

SE

(2)(a)

10,053

847,277

Commerzbank

AG

(2)(a)

59,192

813,546

Continental

AG

(2)(a)

6,236

450,145

Covestro

AG

(2)*(a)(b)

9,813

536,771

Daimler

Truck

Holding

AG

(2)(a)

9,930

503,201

INVESTMENTS

SHARES

VALUE

($)

Germany

-

7.5%

(continued)

Deutsche

Bank

AG

(Registered)

(2)(a)

109,550

1,725,441

Deutsche

Lufthansa

AG

(Registered)

(2)*(a)

23,834

187,319

Deutsche

Post

AG

(2)(a)

9,521

410,330

E.ON

SE

(2)(a)

51,810

721,295

Evonik

Industries

AG

(2)(a)

14,953

295,773

Freenet

AG

(2)(a)

9,997

281,334

Fresenius

Medical

Care

AG

(2)(a)

6,077

233,507

GEA

Group

AG

(2)(a)

2,940

124,304

Hannover

Rueck

SE

(2)(a)

890

243,706

Heidelberg

Materials

AG

(2)(a)

16,043

1,766,034

HelloFresh

SE

(2)*(a)

23,442

167,208

HOCHTIEF

AG

(2)(a)

2,956

343,496

HUGO

BOSS

AG

(2)(a)

9,708

572,176

K+S

AG

(Registered)

(2)(a)

19,355

302,057

KION

Group

AG

(2)(a)

3,813

200,578

Knorr-Bremse

AG

(2)(a)

795

60,130

LANXESS

AG

(2)(a)

6,108

163,484

LEG

Immobilien

SE

(2)*(a)

3,075

264,115

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

(Registered)

(2)(a)

2,824

1,378,510

Talanx

AG

(2)(a)

4,232

335,247

thyssenkrupp

AG

(2)(a)

106,507

571,348

TUI

AG

(2)*

56,278

463,514

16,030,878

Guatemala

-

0.1%

Millicom

International

Cellular

SA,

SDR

(2)*

13,553

276,361

Hong

Kong

-

0.3%

Swire

Pacific

Ltd.,

Class

A

(2)(a)

6,500

53,510

WH

Group

Ltd.

(2)(b)

769,000

507,603

561,113

Italy

-

3.9%

A2A

SpA

(2)(a)

260,427

469,801

Assicurazioni

Generali

SpA

(2)(a)

49,292

1,247,750

Azimut

Holding

SpA

(2)(a)

4,931

134,051

Banco

BPM

SpA

(2)(a)

81,528

542,428

Buzzi

SpA

(2)(a)

13,361

524,726

Coca-Cola

HBC

AG

(2)(a)

5,061

159,929

Eni

SpA

(2)(a)

7,516

119,009

Hera

SpA

(2)(a)

18,252

64,314

Intesa

Sanpaolo

SpA

(2)(a)

80,069

290,694

Leonardo

SpA

(2)(a)

69,443

1,744,661

Pirelli

&

C

SpA

(2)(a)(b)

23,704

145,140

Poste

Italiane

SpA

(2)(a)(b)

22,704

284,350

Prysmian

SpA

(2)(a)

10,926

569,834

UniCredit

SpA

(2)(a)

36,488

1,385,789

Unipol

Gruppo

SpA

(2)(a)

71,208

596,718

8,279,194

Japan

-

25.5%

AGC,

Inc.

(2)(a)

16,100

584,146

Air

Water,

Inc.

(2)(a)

11,400

178,370

Aisin

Corp.

(2)(a)

8,100

330,988

Amada

Co.

Ltd.

(2)(a)

61,800

707,748

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

3

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

25.5%

(continued)

Asahi

Group

Holdings

Ltd.

(2)(a)

9,700

356,183

Brother

Industries

Ltd.

(2)(a)

11,900

220,700

Central

Japan

Railway

Co.

(2)(a)

10,600

263,255

Chubu

Electric

Power

Co.,

Inc.

(2)

(a)

69,100

903,562

Dai

Nippon

Printing

Co.

Ltd.

(2)(a)

11,100

339,945

Dai-ichi

Life

Holdings,

Inc.

(2)(a)

19,400

494,788

Daito

Trust

Construction

Co.

Ltd.

(2)(a)

3,000

342,248

Daiwa

House

Industry

Co.

Ltd.

(2)

(a)

11,900

354,208

Daiwa

Securities

Group,

Inc.

(2)(a)

19,700

149,884

Dentsu

Group,

Inc.

(2)(a)

6,100

169,377

Ebara

Corp.

(2)(a)

8,100

737,184

Fuji

Electric

Co.

Ltd.

(2)(a)

11,900

798,544

Fujitsu

Ltd.

(2)(a)

33,000

528,132

Goldwin,

Inc.

(2)(a)

3,600

229,218

Hakuhodo

DY

Holdings,

Inc.

(2)(a)

35,200

317,280

Haseko

Corp.

(2)(a)

12,500

154,682

Hikari

Tsushin,

Inc.

(2)(a)

200

37,614

Hirose

Electric

Co.

Ltd.

(2)(a)

1,200

123,312

Hitachi

Construction

Machinery

Co.

Ltd.

(2)(a)

12,300

371,109

Hitachi

Ltd.

(2)(a)

2,700

246,727

Honda

Motor

Co.

Ltd.

(2)(a)

26,700

330,378

Idemitsu

Kosan

Co.

Ltd.

(2)(a)

66,000

452,505

Iida

Group

Holdings

Co.

Ltd.

(2)(a)

16,700

216,124

Inpex

Corp.

(2)(a)

53,100

807,183

Isuzu

Motors

Ltd.

(2)(a)

18,000

243,314

Ito

En

Ltd.

(2)(a)

6,500

158,987

ITOCHU

Corp.

(2)(a)

16,600

713,129

Japan

Post

Holdings

Co.

Ltd.

(2)(a)

16,900

170,270

Japan

Post

Insurance

Co.

Ltd.

(2)

(a)

29,600

565,809

JFE

Holdings,

Inc.

(2)(a)

12,300

203,856

Kajima

Corp.

(2)(a)

19,200

394,074

Kansai

Electric

Power

Co.,

Inc.

(The)

(2)(a)

44,900

640,670

Kansai

Paint

Co.

Ltd.

(2)(a)

7,800

111,720

Kao

Corp.

(2)(a)

4,000

149,473

Kirin

Holdings

Co.

Ltd.

(2)(a)

10,200

141,844

Kobayashi

Pharmaceutical

Co.

Ltd.

(2)(a)

1,600

51,917

Kobe

Steel

Ltd.

(2)(a)

15,200

206,265

Koito

Manufacturing

Co.

Ltd.

(2)(a)

4,000

53,919

Komatsu

Ltd.

(2)(a)

5,300

156,831

Konami

Group

Corp.

(2)(a)

4,700

320,159

Kuraray

Co.

Ltd.

(2)(a)

23,800

254,933

Kyocera

Corp.

(2)(a)

14,300

191,779

Kyushu

Railway

Co.

(2)(a)

1,700

38,794

Lion

Corp.

(2)(a)

5,500

49,169

Marubeni

Corp.

(2)(a)

55,800

966,437

Mazda

Motor

Corp.

(2)(a)

51,300

594,547

McDonald's

Holdings

Co.

Japan

Ltd.

(2)(a)

5,400

242,822

Medipal

Holdings

Corp.

(2)(a)

29,300

448,394

MEIJI

Holdings

Co.

Ltd.

(2)(a)

12,200

266,359

MINEBEA

MITSUMI,

Inc.

(2)(a)

22,000

431,532

MISUMI

Group,

Inc.

(2)(a)

6,800

94,731

INVESTMENTS

SHARES

VALUE

($)

Japan

-

25.5%

(continued)

Mitsubishi

Chemical

Group

Corp.

(2)(a)

36,100

220,003

Mitsubishi

Corp.

(2)(a)

38,400

887,471

Mitsubishi

Electric

Corp.

(2)(a)

56,700

949,098

Mitsubishi

Gas

Chemical

Co.,

Inc.

(2)(a)

25,200

422,724

Mitsubishi

HC

Capital,

Inc.

(2)(a)

82,100

572,618

Mitsubishi

Motors

Corp.

(2)(a)

11,300

37,158

Mitsui

&

Co.

Ltd.

(2)(a)

18,700

874,255

Mitsui

Chemicals,

Inc.

(2)(a)

15,100

442,973

Mizuho

Financial

Group,

Inc.

(2)(a)

21,780

430,706

MS&AD

Insurance

Group

Holdings,

Inc.

(2)(a)

48,000

847,562

Nexon

Co.

Ltd.

(2)(a)

11,000

182,837

NGK

Insulators

Ltd.

(2)(a)

35,800

481,383

NH

Foods

Ltd.

(2)(a)

9,900

331,489

NIPPON

EXPRESS

HOLDINGS,

Inc.

(2)(a)

3,600

183,763

Nippon

Steel

Corp.

(2)(a)

23,500

565,515

Nippon

Yusen

KK

(2)(a)

14,900

409,066

Nisshin

Seifun

Group,

Inc.

(2)(a)

8,300

114,357

Niterra

Co.

Ltd.

(2)(a)

6,400

212,479

Nitto

Denko

Corp.

(2)(a)

7,800

713,247

NOF

Corp.

(2)(a)

3,300

45,194

Nomura

Holdings,

Inc.

(2)(a)

75,600

483,879

Nomura

Real

Estate

Holdings,

Inc.

(2)(a)

6,600

186,459

NSK

Ltd.

(2)(a)

83,100

474,182

Obayashi

Corp.

(2)(a)

60,100

714,615

Oji

Holdings

Corp.

(2)(a)

50,700

210,476

Ono

Pharmaceutical

Co.

Ltd.

(2)(a)

34,400

563,642

Open

House

Group

Co.

Ltd.

(2)(a)

5,100

164,951

Oracle

Corp.

Japan

(2)(a)

800

60,161

ORIX

Corp.

(2)(a)

20,200

441,809

Osaka

Gas

Co.

Ltd.

(2)(a)

22,500

506,160

Otsuka

Corp.

(2)(a)

16,400

347,983

Otsuka

Holdings

Co.

Ltd.

(2)(a)

21,400

888,920

Panasonic

Holdings

Corp.

(2)(a)

130,300

1,243,554

Persol

Holdings

Co.

Ltd.

(2)

51,900

72,594

Pola

Orbis

Holdings,

Inc.

(2)(a)

12,600

120,592

Renesas

Electronics

Corp.

(2)(a)

8,700

155,040

Ricoh

Co.

Ltd.

(2)(a)

15,300

135,939

Rohto

Pharmaceutical

Co.

Ltd.

(2)

(a)

9,800

190,413

Ryohin

Keikaku

Co.

Ltd.

(2)(a)

36,400

595,693

Santen

Pharmaceutical

Co.

Ltd.

(2)(a)

37,100

364,853

SCREEN

Holdings

Co.

Ltd.

(2)(a)

8,300

1,076,136

SCSK

Corp.

(2)(a)

9,700

180,301

Secom

Co.

Ltd.

(2)(a)

1,400

101,574

Sega

Sammy

Holdings,

Inc.

(2)(a)

12,400

153,164

Seiko

Epson

Corp.

(2)(a)

19,800

346,352

Sekisui

Chemical

Co.

Ltd.

(2)(a)

19,700

288,223

Shimamura

Co.

Ltd.

(2)(a)

9,700

553,009

Shimizu

Corp.

(2)(a)

13,900

89,762

Shin-Etsu

Chemical

Co.

Ltd.

(2)(a)

11,500

504,412

Shinko

Electric

Industries

Co.

Ltd.

(2)(a)

6,300

235,161

Shionogi

&

Co.

Ltd.

(2)(a)

13,300

679,654

Skylark

Holdings

Co.

Ltd.

(2)(a)

26,500

419,913

4

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

25.5%

(continued)

Sohgo

Security

Services

Co.

Ltd.

(2)(a)

52,800

286,691

Sojitz

Corp.

(2)(a)

36,720

968,634

Sompo

Holdings,

Inc.

(2)(a)

40,500

848,882

Square

Enix

Holdings

Co.

Ltd.

(2)

(a)

3,600

138,837

Stanley

Electric

Co.

Ltd.

(2)(a)

11,100

196,507

Subaru

Corp.

(2)(a)

38,800

878,737

Sugi

Holdings

Co.

Ltd.

(2)(a)

12,100

206,640

SUMCO

Corp.

(2)(a)

28,000

442,701

Sumitomo

Corp.

(2)(a)

23,600

568,476

Sumitomo

Electric

Industries

Ltd.

(2)(a)

5,700

88,323

Sumitomo

Forestry

Co.

Ltd.

(2)(a)

16,000

504,605

Sumitomo

Heavy

Industries

Ltd.

(2)(a)

22,400

705,358

Sumitomo

Mitsui

Trust

Holdings,

Inc.

(2)(a)

13,300

286,570

Suntory

Beverage

&

Food

Ltd.

(2)

(a)

10,800

365,309

Taisho

Pharmaceutical

Holdings

Co.

Ltd.

(2)(a)

200

11,336

TBS

Holdings,

Inc.

(2)(a)

1,400

39,003

TDK

Corp.

(2)(a)

10,500

515,634

Tokio

Marine

Holdings,

Inc.

(2)(a)

2,000

62,693

Tokyo

Century

Corp.

(2)(a)

3,700

38,534

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(2)*(a)

136,600

830,272

Tokyo

Gas

Co.

Ltd.

(2)(a)

42,300

961,598

Tokyu

Fudosan

Holdings

Corp.

(2)

(a)

37,500

302,980

TOPPAN

Holdings,

Inc.

(2)(a)

37,000

927,479

Tosoh

Corp.

(2)(a)

18,100

245,955

Toyo

Suisan

Kaisha

Ltd.

(2)(a)

12,100

739,864

Toyota

Boshoku

Corp.

(2)(a)

15,100

257,314

Toyota

Industries

Corp.

(2)(a)

7,000

732,418

Toyota

Tsusho

Corp.

(2)(a)

17,700

1,215,474

Trend

Micro,

Inc.

(2)(a)

1,800

91,416

Tsuruha

Holdings,

Inc.

(2)(a)

3,300

235,484

Yamada

Holdings

Co.

Ltd.

(2)(a)

42,600

123,408

Yamazaki

Baking

Co.

Ltd.

(2)(a)

4,100

105,912

Yokogawa

Electric

Corp.

(2)(a)

9,700

223,385

Zensho

Holdings

Co.

Ltd.

(2)(a)

10,000

415,850

54,642,881

Luxembourg

-

0.5%

Aperam

SA

(2)

7,697

243,305

ArcelorMittal

SA

(2)

31,522

866,449

1,109,754

Netherlands

-

2.9%

Aalberts

NV

(2)(a)

7,629

366,797

ABN

AMRO

Bank

NV,

CVA

(2)(a)(b)

39,404

674,291

ASR

Nederland

NV

(2)(a)

8,753

428,982

EXOR

NV

(2)(a)

449

49,968

Koninklijke

Ahold

Delhaize

NV

(2)

(a)

46,795

1,400,190

Koninklijke

KPN

NV

(2)(a)

65,669

245,629

Koninklijke

Philips

NV

(2)*(a)

21,897

438,246

NN

Group

NV

(2)(a)

13,509

623,644

INVESTMENTS

SHARES

VALUE

($)

Netherlands

-

2.9%

(continued)

Randstad

NV

(2)(a)

15,009

792,560

Shell

plc

(2)(a)

36,385

1,207,236

6,227,543

Nigeria

-

0.0%

†

Airtel

Africa

plc

(2)(b)

46,219

61,799

Norway

-

0.4%

Equinor

ASA

(2)(a)

9,414

252,431

Norsk

Hydro

ASA

(2)(a)

78,739

432,701

Orkla

ASA

(2)(a)

10,285

72,640

757,772

Portugal

-

0.1%

Galp

Energia

SGPS

SA

(2)

6,715

111,015

Singapore

-

1.0%

Genting

Singapore

Ltd.

(2)

717,400

470,497

Jardine

Cycle

&

Carriage

Ltd.

(2)

3,500

62,666

Oversea-Chinese

Banking

Corp.

Ltd.

(2)

41,200

411,665

Sea

Ltd.,

ADR

*(a)(c)

1,511

81,156

Singapore

Airlines

Ltd.

(2)

125,500

594,808

STMicroelectronics

NV

(2)

9,795

421,560

UOL

Group

Ltd.

(2)

20,000

85,146

2,127,498

Spain

-

2.9%

Acciona

SA

(2)(a)

1,381

168,069

Acerinox

SA

(2)(a)

42,565

467,435

ACS

Actividades

de

Construccion

y

Servicios

SA

(2)(a)

7,578

317,355

Banco

Bilbao

Vizcaya

Argentaria

SA

(2)(a)

101,181

1,204,914

Banco

de

Sabadell

SA

(2)(a)

604,687

951,281

Banco

Santander

SA

(2)(a)

295,890

1,445,254

Mapfre

SA

(2)(a)

126,087

318,770

Repsol

SA

(2)(a)

78,846

1,316,036

6,189,114

Sweden

-

3.6%

AAK

AB

(2)(a)

9,608

228,318

Axfood

AB

(a)

2,433

70,735

Billerud

Aktiebolag

(2)(a)

19,801

177,687

Elekta

AB,

Class

B

(2)(a)

30,482

229,759

Embracer

Group

AB,

Class

B

(2)*(a)

270,502

589,288

Essity

AB,

Class

B

(2)(a)

7,218

171,457

Getinge

AB,

Class

B

(2)(a)

17,270

347,350

H

&

M

Hennes

&

Mauritz

AB,

Class

B

(2)(a)

29,914

487,780

Hexpol

AB

(2)(a)

15,033

183,565

Saab

AB,

Class

B

(2)(a)

564

50,169

Sandvik

AB

(2)(a)

19,901

441,818

Securitas

AB,

Class

B

(2)(a)

50,244

517,967

Skanska

AB,

Class

B

(2)(a)

17,606

313,537

SKF

AB,

Class

B

(2)(a)

58,952

1,203,495

SSAB

AB,

Class

B

(2)(a)

123,087

908,832

Swedbank

AB,

Class

A

(2)(a)

6,552

130,042

Trelleborg

AB,

Class

B

(2)(a)

16,193

579,029

Volvo

AB,

Class

B

(2)(a)

18,850

510,862

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

5

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Sweden

-

3.6%

(continued)

Volvo

Car

AB,

Class

B

(2)*(a)

145,158

549,566

7,691,256

Switzerland

-

3.4%

Adecco

Group

AG

(Registered)

(2)

(a)

17,020

673,351

BKW

AG

(2)(a)

2,844

437,024

DKSH

Holding

AG

(a)

2,697

183,468

Flughafen

Zurich

AG

(Registered)

(2)(a)

1,582

359,226

Geberit

AG

(Registered)

(2)(a)

489

288,991

Georg

Fischer

AG

(Registered)

(2)

(a)

1,504

111,546

Kuehne

+

Nagel

International

AG

(Registered)

(2)(a)

700

194,753

Logitech

International

SA

(Registered)

(2)(a)

4,192

375,642

Novartis

AG

(Registered)

(2)(a)

11,366

1,100,894

Schindler

Holding

AG

(2)(a)

989

248,949

Sonova

Holding

AG

(Registered)

(2)(a)

783

226,751

Swatch

Group

AG

(The)

(2)(a)

2,523

588,571

Swiss

Life

Holding

AG

(Registered)

(2)(a)

774

542,878

Swisscom

AG

(Registered)

(2)*(a)

994

608,383

Tecan

Group

AG

(Registered)

(2)(a)

392

162,417

UBS

Group

AG

(Registered)

(2)(a)

34,654

1,067,030

7,169,874

United

Kingdom

-

5.5%

abrdn

plc

(2)

19,649

35,002

Aviva

plc

(2)(a)

45,026

282,525

BAE

Systems

plc

(2)(a)

35,160

599,317

Barclays

plc

(2)(a)

537,916

1,246,700

Barratt

Developments

plc

(2)(a)

86,928

521,749

BP

plc

(2)(a)

76,843

482,069

BT

Group

plc

(2)

236,407

327,178

Centrica

plc

(2)

780,880

1,258,825

CK

Hutchison

Holdings

Ltd.

(2)(a)

7,000

33,689

DCC

plc

(2)(a)

5,876

427,515

Harbour

Energy

plc

(2)(a)

11,719

40,814

Howden

Joinery

Group

plc

(2)(a)

13,817

158,166

HSBC

Holdings

plc

(2)(a)

29,580

231,222

Imperial

Brands

plc

(2)(a)

18,830

420,937

InterContinental

Hotels

Group

plc

(2)(a)

1,942

201,797

International

Distributions

Services

plc

*(a)

91,758

265,558

Investec

plc

(2)(a)

17,873

119,825

JD

Sports

Fashion

plc

(2)

247,559

420,567

Johnson

Matthey

plc

(2)(a)

2,178

49,219

Just

Eat

Takeaway.com

NV

(2)*(a)

(b)

28,851

426,387

Kingfisher

plc

(2)(a)

55,295

174,029

Lloyds

Banking

Group

plc

(2)

452,043

295,635

Man

Group

plc

(a)

91,775

309,740

Marks

&

Spencer

Group

plc

(2)(a)

201,396

674,449

NatWest

Group

plc

(2)(a)

71,475

239,394

Pearson

plc

(2)(a)

14,349

188,940

Rolls-Royce

Holdings

plc

(2)*(a)

163,998

882,369

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

5.5%

(continued)

Standard

Chartered

plc

(2)(a)

64,368

545,694

Subsea

7

SA

(2)(a)

21,978

351,543

Taylor

Wimpey

plc

(2)

24,371

42,134

Tesco

plc

(2)(a)

48,582

181,963

Travis

Perkins

plc

(2)(a)

3,909

35,982

Vodafone

Group

plc

(2)

355,149

314,991

11,785,924

United

States

-

102.9%

3M

Co.

(a)

6,350

673,545

A

O

Smith

Corp.

(a)

4,061

363,297

Abbott

Laboratories

(a)(c)

3,895

442,706

AbbVie,

Inc.

(a)(c)

6,837

1,245,018

Acuity

Brands,

Inc.

(a)

5,250

1,410,833

Adient

plc

*(a)(c)

3,458

113,837

Adobe,

Inc.

*(a)

1,862

939,565

ADT,

Inc.

(a)

7,424

49,889

AGCO

Corp.

(a)(c)

7,260

893,125

Agilent

Technologies,

Inc.

(a)(c)

3,018

439,149

Airbnb,

Inc.,

Class

A

*(a)(c)

1,702

280,762

Akamai

Technologies,

Inc.

*(a)(c)

4,047

440,152

Align

Technology,

Inc.

*(a)

1,437

471,221

ALLETE,

Inc.

(a)

7,050

420,462

Allison

Transmission

Holdings,

Inc.

(a)

13,022

1,056,866

Alphabet,

Inc.,

Class

A

*(a)

9,252

1,396,404

Altria

Group,

Inc.

(a)

14,239

621,105

Amdocs

Ltd.

(a)

4,995

451,398

American

International

Group,

Inc.

(a)(c)

19,689

1,539,088

Ameriprise

Financial,

Inc.

(a)

1,033

452,909

Amgen,

Inc.

(a)(c)

1,137

323,272

Amkor

Technology,

Inc.

(a)

39,130

1,261,551

Analog

Devices,

Inc.

(a)(c)

944

186,714

Apple,

Inc.

(a)

531

91,056

Applied

Materials,

Inc.

(a)(c)

5,707

1,176,955

AppLovin

Corp.,

Class

A

*(a)(c)

5,795

401,130

Aramark

(a)(c)

9,686

314,989

Archer-Daniels-Midland

Co.

(a)

12,757

801,267

Arrow

Electronics,

Inc.

*(a)

7,604

984,414

ASGN,

Inc.

*(a)

3,422

358,489

Associated

Banc-Corp.

(a)(c)

10,900

234,459

Assurant,

Inc.

(a)

2,313

435,399

Assured

Guaranty

Ltd.

(a)

1,683

146,842

AT&T,

Inc.

(a)(c)

59,674

1,050,262

Autodesk,

Inc.

*(a)(c)

2,708

705,217

AutoNation,

Inc.

*(a)(c)

3,623

599,896

Avantor,

Inc.

*(a)

6,689

171,038

Avient

Corp.

(a)(c)

5,165

224,161

Avnet,

Inc.

(a)(c)

11,783

584,201

Axis

Capital

Holdings

Ltd.

(a)

4,090

265,932

Bank

of

New

York

Mellon

Corp.

(The)

(a)

19,375

1,116,388

Bank

OZK

(a)(c)

9,408

427,688

Baxter

International,

Inc.

(a)(c)

9,427

402,910

Belden,

Inc.

(a)(c)

1,657

153,455

BellRing

Brands,

Inc.

*(a)

596

35,182

Berry

Global

Group,

Inc.

(a)(c)

10,737

649,374

Best

Buy

Co.,

Inc.

(a)(c)

9,181

753,117

Black

Hills

Corp.

(a)

6,343

346,328

6

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

102.9%

(continued)

Blackbaud,

Inc.

*(a)(c)

975

72,287

Booking

Holdings,

Inc.

(a)

311

1,128,271

BorgWarner,

Inc.

(a)

7,196

249,989

Boston

Beer

Co.,

Inc.

(The),

Class

A

*(a)

862

262,410

Brighthouse

Financial,

Inc.

*(a)

3,699

190,646

Bristol-Myers

Squibb

Co.

(a)(c)

15,102

818,981

Broadcom,

Inc.

(a)(c)

411

544,744

BRP,

Inc.

(a)

2,551

171,285

Bruker

Corp.

(a)

2,534

238,044

Builders

FirstSource,

Inc.

*(a)

4,858

1,013,136

Bunge

Global

SA

(a)

9,030

925,756

BWX

Technologies,

Inc.

(a)(c)

2,121

217,657

Cabot

Corp.

(a)(c)

3,620

333,764

CACI

International,

Inc.,

Class

A

*(a)

1,159

439,064

Cadence

Design

Systems,

Inc.

*(a)

1,531

476,570

Capital

One

Financial

Corp.

(a)

7,089

1,055,481

Cardinal

Health,

Inc.

(a)(c)

14,126

1,580,698

Carter's,

Inc.

(a)(c)

6,156

521,290

Casey's

General

Stores,

Inc.

(a)

995

316,858

Caterpillar,

Inc.

(a)(c)

1,493

547,080

CBRE

Group,

Inc.,

Class

A

*(a)

4,623

449,541

Cencora,

Inc.

(a)

2,351

571,269

Centene

Corp.

*(a)

15,268

1,198,233

CF

Industries

Holdings,

Inc.

(a)(c)

2,433

202,450

ChampionX

Corp.

(a)(c)

14,022

503,250

Charles

River

Laboratories

International,

Inc.

*(a)(c)

1,060

287,207

Chord

Energy

Corp.

(a)(c)

1,834

326,892

Chubb

Ltd.

(a)

785

203,417

Cigna

Group

(The)

(a)

2,966

1,077,222

Cintas

Corp.

(a)(c)

909

624,510

Cirrus

Logic,

Inc.

*(a)

4,046

374,498

Cisco

Systems,

Inc.

(a)

15,536

775,402

Citigroup,

Inc.

(a)

18,129

1,146,478

Citizens

Financial

Group,

Inc.

(a)

16,674

605,099

Clean

Harbors,

Inc.

*(a)(c)

2,261

455,162

Cleveland-Cliffs,

Inc.

*(a)

15,434

350,969

CNA

Financial

Corp.

(a)

1,857

84,345

CNO

Financial

Group,

Inc.

(a)(c)

15,870

436,108

Coca-Cola

Co.

(The)

(a)(c)

7,088

433,644

Coca-Cola

Consolidated,

Inc.

(a)

1,001

847,256

Cognizant

Technology

Solutions

Corp.,

Class

A

(a)

10,907

799,374

Colgate-Palmolive

Co.

(a)

3,987

359,029

Columbia

Sportswear

Co.

(a)(c)

3,366

273,252

Comcast

Corp.,

Class

A

(a)

20,213

876,234

Comfort

Systems

USA,

Inc.

(a)(c)

277

88,006

Commercial

Metals

Co.

(a)

12,338

725,104

CommVault

Systems,

Inc.

*(a)

5,105

517,800

Concentrix

Corp.

(a)(c)

785

51,983

Cooper

Cos.,

Inc.

(The)

(a)

1,420

144,073

Copart,

Inc.

*(a)(c)

10,600

613,952

Corebridge

Financial,

Inc.

(a)

31,491

904,736

Corpay,

Inc.

*(a)(c)

984

303,603

Coty,

Inc.,

Class

A

*(a)(c)

11,407

136,428

Crane

NXT

Co.

(a)(c)

7,088

438,747

CRH

plc

(2)

2,909

251,076

INVESTMENTS

SHARES

VALUE

($)

United

States

-

102.9%

(continued)

Crowdstrike

Holdings,

Inc.,

Class

A

*(a)

799

256,151

CSX

Corp.

(a)

3,578

132,636

Cummins,

Inc.

(a)

1,807

532,433

Curtiss-Wright

Corp.

(a)

1,905

487,566

CVS

Health

Corp.

(a)(c)

15,140

1,207,566

Darden

Restaurants,

Inc.

(a)(c)

1,828

305,550

DaVita,

Inc.

*(a)(c)

351

48,456

Deckers

Outdoor

Corp.

*(a)

632

594,876

Dell

Technologies,

Inc.,

Class

C

(a)(c)

13,756

1,569,696

DENTSPLY

SIRONA,

Inc.

(a)(c)

7,278

241,557

Dick's

Sporting

Goods,

Inc.

(a)(c)

3,106

698,415

DocuSign,

Inc.,

Class

A

*(a)

7,968

474,494

Dolby

Laboratories,

Inc.,

Class

A

(a)

5,257

440,379

Domino's

Pizza,

Inc.

(a)(c)

744

369,679

Donaldson

Co.,

Inc.

(a)(c)

6,132

457,938

Dover

Corp.

(a)(c)

2,090

370,327

Dow,

Inc.

(a)(c)

7,012

406,205

Dropbox,

Inc.,

Class

A

*(a)(c)

31,473

764,794

DXC

Technology

Co.

*(a)

26,613

564,462

Eagle

Materials,

Inc.

(a)(c)

3,135

851,936

Eastman

Chemical

Co.

(a)

5,178

518,939

eBay,

Inc.

(a)

13,823

729,578

Electronic

Arts,

Inc.

(a)(c)

2,858

379,171

Elevance

Health,

Inc.

(a)

1,116

578,691

EMCOR

Group,

Inc.

(a)(c)

2,956

1,035,191

Encompass

Health

Corp.

(a)

1,101

90,921

EnerSys

(a)(c)

6,394

603,977

Enovis

Corp.

*(a)

5,006

312,625

Entergy

Corp.

(a)

2,595

274,240

Envista

Holdings

Corp.

*(a)(c)

20,300

434,014

EOG

Resources,

Inc.

(a)(c)

2,421

309,501

Equitable

Holdings,

Inc.

(a)

14,905

566,539

Esab

Corp.

(a)

1,276

141,087

Euronet

Worldwide,

Inc.

*(a)(c)

3,861

424,440

Evercore,

Inc.,

Class

A

(a)

4,013

772,864

Everest

Group

Ltd.

(a)

1,720

683,700

Exact

Sciences

Corp.

*(a)

601

41,505

Exelixis,

Inc.

*(a)

25,032

594,009

Expedia

Group,

Inc.

*(a)(c)

7,780

1,071,695

Exxon

Mobil

Corp.

(a)(c)

3,874

450,314

F5,

Inc.

*(a)

3,289

623,562

Fair

Isaac

Corp.

*(a)(c)

541

676,039

Federated

Hermes,

Inc.,

Class

B

(a)

16,343

590,309

Ferguson

plc

(a)

2,745

599,590

Fidelity

National

Financial,

Inc.

(a)

(c)

6,235

331,079

Fidelity

National

Information

Services,

Inc.

(a)

11,758

872,208

First

American

Financial

Corp.

(a)

(c)

4,993

304,823

First

Citizens

BancShares,

Inc.,

Class

A

(a)

31

50,685

FirstCash

Holdings,

Inc.

(a)(c)

1,079

137,616

Fiserv,

Inc.

*(a)(c)

2,817

450,213

Flowers

Foods,

Inc.

(a)

3,467

82,341

Flowserve

Corp.

(a)

3,593

164,128

Fluor

Corp.

*(a)

6,587

278,498

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

7

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

102.9%

(continued)

FNB

Corp.

(a)(c)

14,868

209,639

Fortinet,

Inc.

*(a)(c)

6,879

469,904

Fortive

Corp.

(a)

3,772

324,467

Fortrea

Holdings,

Inc.

*(a)

7,841

314,738

Fox

Corp.,

Class

A

(a)(c)

1,891

59,132

Franklin

Resources,

Inc.

(a)

14,948

420,188

Gap,

Inc.

(The)

(a)(c)

33,277

916,781

Gartner,

Inc.

*(a)

1,011

481,913

Gates

Industrial

Corp.

plc

*(a)

37,851

670,341

GE

HealthCare

Technologies,

Inc.

(a)(c)

5,943

540,278

Gen

Digital,

Inc.

(a)(c)

3,129

70,090

Generac

Holdings,

Inc.

*(a)(c)

494

62,313

General

Dynamics

Corp.

(a)(c)

4,276

1,207,927

General

Electric

Co.

(a)

7,496

1,315,773

General

Motors

Co.

(a)

20,936

949,448

Gilead

Sciences,

Inc.

(a)

12,340

903,905

Gitlab,

Inc.,

Class

A

*(a)

2,305

134,428

Global

Payments,

Inc.

(a)(c)

4,707

629,138

GoDaddy,

Inc.,

Class

A

*(a)

861

102,183

Graco,

Inc.

(a)

3,814

356,456

Graham

Holdings

Co.,

Class

B

(a)

(c)

847

650,225

Grand

Canyon

Education,

Inc.

*(a)

(c)

3,788

515,963

Greif,

Inc.,

Class

A

(a)

4,662

321,911

GSK

plc

(2)(a)

11,904

255,584

H&R

Block,

Inc.

(a)(c)

15,701

771,076

Haemonetics

Corp.

*(a)(c)

3,215

274,400

Hartford

Financial

Services

Group,

Inc.

(The)

(a)

11,348

1,169,411

Hawaiian

Electric

Industries,

Inc.

(a)

46,247

521,204

HCA

Healthcare,

Inc.

(a)(c)

1,076

358,878

Henry

Schein,

Inc.

*(a)(c)

1,084

81,864

Hewlett

Packard

Enterprise

Co.

(a)

53,328

945,505

Hexcel

Corp.

(a)(c)

3,604

262,551

HF

Sinclair

Corp.

(a)(c)

8,885

536,387

Holcim

AG

(2)(a)

18,390

1,666,074

Hologic,

Inc.

*(a)(c)

7,389

576,046

Howmet

Aerospace,

Inc.

(a)(c)

8,256

564,958

HP,

Inc.

(a)

24,838

750,604

Hubbell,

Inc.,

Class

B

(a)(c)

1,373

569,864

Humana,

Inc.

(a)

1,711

593,238

Huntington

Bancshares,

Inc.

(a)(c)

23,594

329,136

Huntington

Ingalls

Industries,

Inc.

(a)(c)

2,691

784,346

IAC,

Inc.

*(a)(c)

6,639

354,124

IDEXX

Laboratories,

Inc.

*(a)(c)

412

222,451

Incyte

Corp.

*(a)(c)

6,909

393,606

Informatica,

Inc.,

Class

A

*(a)

2,943

103,005

Ingredion,

Inc.

(a)

2,176

254,266

Insperity,

Inc.

(a)(c)

1,910

209,355

International

Bancshares

Corp.

(a)

(c)

1,667

93,585

International

Business

Machines

Corp.

(a)(c)

2,359

450,475

International

Paper

Co.

(a)

9,712

378,962

Intuit,

Inc.

(a)(c)

1,128

733,200

Invesco

Ltd.

(a)

18,823

312,274

IPG

Photonics

Corp.

*(a)(c)

872

79,082

INVESTMENTS

SHARES

VALUE

($)

United

States

-

102.9%

(continued)

IQVIA

Holdings,

Inc.

*(a)(c)

1,111

280,961

ITT,

Inc.

(a)

3,161

429,991

Jabil,

Inc.

(a)(c)

7,698

1,031,147

Jacobs

Solutions,

Inc.

(a)(c)

1,351

207,689

Janus

Henderson

Group

plc

(a)

12,529

412,079

Jazz

Pharmaceuticals

plc

*(a)(c)

4,958

597,042

JB

Hunt

Transport

Services,

Inc.

(a)

1,364

271,777

Jefferies

Financial

Group,

Inc.

(a)

8,010

353,241

Johnson

&

Johnson

(a)

10,210

1,615,119

Jones

Lang

LaSalle,

Inc.

*(a)

1,424

277,808

KB

Home

(a)

18,392

1,303,625

Kimberly-Clark

Corp.

(a)(c)

4,609

596,174

KLA

Corp.

(a)(c)

642

448,482

Knife

River

Corp.

*(a)

1,160

94,053

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

(a)(c)

5,900

324,618

Kohl's

Corp.

(a)(c)

10,786

314,412

Kraft

Heinz

Co.

(The)

(a)

7,823

288,669

Kroger

Co.

(The)

(a)(c)

25,742

1,470,639

Kyndryl

Holdings,

Inc.

*(a)

29,663

645,467

Lam

Research

Corp.

(a)

754

732,564

Landstar

System,

Inc.

(a)

3,691

711,477

Lantheus

Holdings,

Inc.

*(a)(c)

5,944

369,955

Leidos

Holdings,

Inc.

(a)

2,118

277,649

Lennar

Corp.,

Class

A

(a)

6,710

1,153,986

Liberty

Media

Corp-Liberty

SiriusXM

*(a)(c)

7,698

228,708

Lincoln

Electric

Holdings,

Inc.

(a)(c)

1,054

269,234

Live

Nation

Entertainment,

Inc.

*(a)

652

68,962

Lockheed

Martin

Corp.

(a)(c)

1,972

897,004

Loews

Corp.

(a)(c)

6,815

533,546

LyondellBasell

Industries

NV,

Class

A

(a)

5,332

545,357

M&T

Bank

Corp.

(a)(c)

2,518

366,218

Macy's,

Inc.

(a)(c)

40,968

818,950

Manhattan

Associates,

Inc.

*(a)(c)

1,569

392,611

ManpowerGroup,

Inc.

(a)

10,515

816,385

Marathon

Oil

Corp.

(a)

6,144

174,121

Marathon

Petroleum

Corp.

(a)

3,694

744,341

Markel

Group,

Inc.

*(a)(c)

69

104,982

Martin

Marietta

Materials,

Inc.

(a)(c)

412

252,943

Masco

Corp.

(a)(c)

4,848

382,410

Matador

Resources

Co.

(a)(c)

1,581

105,563

Match

Group,

Inc.

*(a)(c)

7,427

269,452

Maximus,

Inc.

(a)

5,510

462,289

McDonald's

Corp.

(a)

1,592

448,864

McKesson

Corp.

(a)

1,447

776,822

Medpace

Holdings,

Inc.

*(a)(c)

1,432

578,743

Medtronic

plc

(a)

15,003

1,307,511

Merck

&

Co.,

Inc.

(a)

1,811

238,961

Meta

Platforms,

Inc.,

Class

A

(a)

3,170

1,539,288

MetLife,

Inc.

(a)(c)

6,296

466,597

Mettler-Toledo

International,

Inc.

*(a)(c)

163

217,000

MGIC

Investment

Corp.

(a)

5,031

112,493

Microchip

Technology,

Inc.

(a)(c)

3,602

323,135

Middleby

Corp.

(The)

*(a)(c)

662

106,443

Mohawk

Industries,

Inc.

*(a)(c)

2,329

304,843

Molina

Healthcare,

Inc.

*(a)(c)

2,627

1,079,250

8

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

102.9%

(continued)

Molson

Coors

Beverage

Co.,

Class

B

(a)(c)

15,403

1,035,852

Monolithic

Power

Systems,

Inc.

(a)

69

46,742

Monster

Beverage

Corp.

*(a)(c)

2,315

137,233

Mosaic

Co.

(The)

(a)

13,301

431,750

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

(a)(c)

5,176

502,279

Murphy

Oil

Corp.

(a)

3,820

174,574

Murphy

USA,

Inc.

(a)(c)

2,685

1,125,552

National

Fuel

Gas

Co.

(a)

4,401

236,422

NCR

Atleos

Corp.

*(a)(c)

9,748

192,523

NCR

Voyix

Corp.

*(a)(c)

46,992

593,509

NetApp,

Inc.

(a)(c)

4,778

501,547

Neurocrine

Biosciences,

Inc.

*(a)

492

67,857

New

York

Community

Bancorp,

Inc.

(a)(c)

18,112

58,321

NewMarket

Corp.

(a)

261

165,636

Nexstar

Media

Group,

Inc.,

Class

A

(a)(c)

1,035

178,320

Nordstrom,

Inc.

(a)(c)

18,051

365,894

Northern

Trust

Corp.

(a)

5,828

518,226

Northwestern

Energy

Group,

Inc.

(a)

1,496

76,191

Nucor

Corp.

(a)

1,669

330,295

Nutanix,

Inc.,

Class

A

*(a)

7,731

477,157

nVent

Electric

plc

(a)(c)

5,969

450,063

NVR,

Inc.

*(a)

18

145,799

Old

National

Bancorp

(a)(c)

8,390

146,070

Old

Republic

International

Corp.

(a)

18,864

579,502

Olin

Corp.

(a)(c)

3,550

208,740

ON

Semiconductor

Corp.

*(a)(c)

2,391

175,858

OneMain

Holdings,

Inc.

(a)(c)

2,642

134,980

Organon

&

Co.

(a)

9,836

184,917

Oshkosh

Corp.

(a)

6,661

830,693

Ovintiv,

Inc.

(a)

4,864

252,442

Owens

Corning

(a)

6,485

1,081,698

PACCAR,

Inc.

(a)

7,732

957,917

Packaging

Corp.

of

America

(a)

1,964

372,728

Paychex,

Inc.

(a)(c)

1,308

160,622

PayPal

Holdings,

Inc.

*(a)

7,081

474,356

PBF

Energy,

Inc.,

Class

A

(a)

7,578

436,265

Pegasystems,

Inc.

(a)(c)

1,024

66,191

Penske

Automotive

Group,

Inc.

(a)

(c)

3,303

535,053

Pentair

plc

(a)

3,645

311,429

PepsiCo,

Inc.

(a)(c)

2,676

468,327

Performance

Food

Group

Co.

*(a)

3,124

233,175

Phillips

66

(a)(c)

3,385

552,906

Pilgrim's

Pride

Corp.

*(a)

12,356

424,058

Pinnacle

West

Capital

Corp.

(a)(c)

5,435

406,158

Playtika

Holding

Corp.

(a)

42,464

299,371

Popular,

Inc.

7,718

679,879

Post

Holdings,

Inc.

*(a)

1,009

107,237

PPG

Industries,

Inc.

(a)(c)

2,389

346,166

Premier,

Inc.,

Class

A

(a)

7,437

164,358

Procter

&

Gamble

Co.

(The)

(a)(c)

3,635

589,779

Prudential

Financial,

Inc.

(a)

3,529

414,305

PulteGroup,

Inc.

(a)

10,598

1,278,331

Pure

Storage,

Inc.,

Class

A

*(a)

6,979

362,838

PVH

Corp.

(a)

5,755

809,211

INVESTMENTS

SHARES

VALUE

($)

United

States

-

102.9%

(continued)

QIAGEN

NV

(2)*(a)

1,991

85,091

Qorvo,

Inc.

*(a)

2,384

273,755

QUALCOMM,

Inc.

(a)

4,259

721,049

Qualys,

Inc.

*(a)(c)

4,221

704,358

QuidelOrtho

Corp.

*(a)

1,705

81,738

Ralph

Lauren

Corp.,

Class

A

(a)(c)

3,735

701,284

Regal

Rexnord

Corp.

(a)(c)

1,941

349,574

Regeneron

Pharmaceuticals,

Inc.

*(a)

650

625,619

Reinsurance

Group

of

America,

Inc.

(a)

4,434

855,230

Reliance,

Inc.

(a)

1,331

444,794

RenaissanceRe

Holdings

Ltd.

510

119,865

Reynolds

Consumer

Products,

Inc.

(a)

3,337

95,305

RingCentral,

Inc.,

Class

A

*(a)

10,511

365,152

Robert

Half,

Inc.

(a)(c)

8,411

666,824

Roche

Holding

AG

(2)(a)

1,835

468,510

Roper

Technologies,

Inc.

(a)

805

451,476

RPM

International,

Inc.

(a)(c)

1,017

120,972

Ryder

System,

Inc.

(a)(c)

6,865

825,104

Salesforce,

Inc.

(a)

2,155

649,043

Schneider

National,

Inc.,

Class

B

(a)(c)

27,654

626,087

Science

Applications

International

Corp.

(a)(c)

1,897

247,350

Seaboard

Corp.

(a)

31

99,942

Seagate

Technology

Holdings

plc

(a)(c)

656

61,041

SEI

Investments

Co.

(a)(c)

7,611

547,231

Signify

NV

(2)(a)(b)

19,721

607,101

Silgan

Holdings,

Inc.

(a)(c)

5,244

254,649

Simpson

Manufacturing

Co.,

Inc.

(a)(c)

609

124,955

Skechers

USA,

Inc.,

Class

A

*(a)

8,206

502,700

Skyworks

Solutions,

Inc.

(a)(c)

11,246

1,218,167

Snap-on,

Inc.

(a)(c)

1,833

542,971

Sprouts

Farmers

Market,

Inc.

*(a)

(c)

9,178

591,797

SS&C

Technologies

Holdings,

Inc.

(a)

1,550

99,774

State

Street

Corp.

(a)

10,316

797,633

Steel

Dynamics,

Inc.

(a)

5,396

799,849

Stellantis

NV

(2)(a)

47,584

1,351,816

STERIS

plc

(a)(c)

1,129

253,822

Stifel

Financial

Corp.

(a)

8,302

648,967

Super

Micro

Computer,

Inc.

*(a)(c)

447

451,483

Swiss

Re

AG

(2)(a)

2,942

378,444

Synaptics,

Inc.

*(a)(c)

1,631

159,120

Synchrony

Financial

(a)

34,634

1,493,417

Synopsys,

Inc.

*(a)(c)

1,051

600,647

T.

Rowe

Price

Group,

Inc.

(a)

1,890

230,429

Tapestry,

Inc.

(a)

12,366

587,138

Taylor

Morrison

Home

Corp.,

Class

A

*(a)(c)

19,227

1,195,343

TD

SYNNEX

Corp.

(a)

10,320

1,167,192

TE

Connectivity

Ltd.

(a)

2,912

422,939

TEGNA,

Inc.

(a)(c)

65,572

979,646

Teladoc

Health,

Inc.

*(a)(c)

27,910

421,441

Teleflex,

Inc.

(a)(c)

1,738

393,083

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

9

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

102.9%

(continued)

Tenaris

SA

(2)(a)

73,474

1,452,671

Tenet

Healthcare

Corp.

*(a)

6,708

705,078

Teradata

Corp.

*(a)(c)

14,142

546,871

Teradyne,

Inc.

(a)(c)

2,091

235,928

Terex

Corp.

(a)

15,400

991,760

Tetra

Tech,

Inc.

(a)(c)

1,205

222,576

Texas

Roadhouse,

Inc.,

Class

A

(a)

4,320

667,310

Textron,

Inc.

(a)(c)

14,870

1,426,478

Thermo

Fisher

Scientific,

Inc.

(a)(c)

384

223,185

Thor

Industries,

Inc.

(a)(c)

2,339

274,458

Timken

Co.

(The)

(a)(c)

6,541

571,880

Toll

Brothers,

Inc.

(a)(c)

11,064

1,431,349

Travel

+

Leisure

Co.

(a)(c)

8,489

415,621

Travelers

Cos.,

Inc.

(The)

(a)

3,049

701,697

TripAdvisor,

Inc.

*(a)

12,104

336,370

Tyson

Foods,

Inc.,

Class

A

(a)

2,438

143,184

UFP

Industries,

Inc.

(a)

10,456

1,286,193

U-Haul

Holding

Co.

*(a)

252

17,020

UiPath,

Inc.,

Class

A

*(a)(c)

4,163

94,375

United

Airlines

Holdings,

Inc.

*(a)

7,017

335,974

United

Rentals,

Inc.

(a)(c)

1,252

902,830

United

Therapeutics

Corp.

*(a)

3,753

862,139

Universal

Display

Corp.

(a)

853

143,688

Universal

Health

Services,

Inc.,

Class

B

(a)

3,325

606,680

Unum

Group

(a)

14,177

760,738

US

Foods

Holding

Corp.

*(a)(c)

8,874

478,930

Valero

Energy

Corp.

(a)(c)

5,343

911,997

Valley

National

Bancorp

(a)(c)

40,319

320,939

Veeva

Systems,

Inc.,

Class

A

*(a)

5,168

1,197,374

Veralto

Corp.

(a)(c)

2,819

249,933

VeriSign,

Inc.

*(a)(c)

1,234

233,855

Verisk

Analytics,

Inc.,

Class

A

(a)(c)

1,235

291,127

Verizon

Communications,

Inc.

(a)

24,044

1,008,886

Vertex

Pharmaceuticals,

Inc.

*(a)

2,076

867,789

Vestis

Corp.

(a)(c)

13,358

257,409

Viasat,

Inc.

*(a)(c)

10,336

186,978

Viatris,

Inc.

(a)

66,944

799,311

Victoria's

Secret

&

Co.

*(a)(c)

5,180

100,388

Vishay

Intertechnology,

Inc.

(a)(c)

24,892

564,551

Vistra

Corp.

(a)(c)

18,877

1,314,783

Vontier

Corp.

(a)(c)

5,917

268,395

Vulcan

Materials

Co.

(a)

1,422

388,092

Walgreens

Boots

Alliance,

Inc.

(a)

(c)

16,298

353,504

Walmart,

Inc.

(a)

20,067

1,207,431

Warner

Bros

Discovery,

Inc.

*(a)(c)

10,032

87,579

Watts

Water

Technologies,

Inc.,

Class

A

(a)

1,868

397,043

Wayfair,

Inc.,

Class

A

*(a)(c)

3,695

250,817

Werner

Enterprises,

Inc.

(a)(c)

10,374

405,831

WESCO

International,

Inc.

(a)

3,572

611,812

Western

Union

Co.

(The)

(a)(c)

51,747

723,423

Westlake

Corp.

(a)(c)

4,480

684,544

Williams-Sonoma,

Inc.

(a)(c)

2,826

897,340

Wintrust

Financial

Corp.

(a)(c)

1,002

104,599

WK

Kellogg

Co.

(a)(c)

11,162

209,846

Woodward,

Inc.

(a)

2,778

428,145

Workday,

Inc.,

Class

A

*(a)

2,135

582,321

INVESTMENTS

SHARES

VALUE

($)

United

States

-

102.9%

(continued)

Wyndham

Hotels

&

Resorts,

Inc.

(a)(c)

1,567

120,267

Xcel

Energy,

Inc.

(a)

680

36,550

Ziff

Davis,

Inc.

*(a)(c)

2,502

157,726

Zimmer

Biomet

Holdings,

Inc.

(a)

5,119

675,606

Zions

Bancorp

NA

(a)(c)

7,428

322,375

Zoom

Video

Communications,

Inc.,

Class

A

*(a)

19,000

1,242,030

220,370,685

TOTAL

COMMON

STOCKS

(Cost

$271,624,071)

390,886,824

PREFERRED

STOCKS

-

0.1%

Germany

-

0.1%

Henkel

AG

&

Co.

KGaA

(Preference)

(2)(a)

(Cost

$117,949)

1,762

141,623

NO.

OF

WARRANTS

WARRANTS

-

0.0%

Canada

-

0.0%

Constellation

Software,

Inc.,

expiring

3/31/2040

(3)*

(Cost

$–)

65

–

SHARES

SHORT-TERM

INVESTMENTS

-

68.0%

INVESTMENT

COMPANIES

-

56.5%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

5.16%

(d)(e)

3,350,727

3,350,727

Limited

Purpose

Cash

Investment

Fund,

5.33%

(d)

117,501,931

117,454,930

TOTAL

INVESTMENT

COMPANIES

(Cost

$120,790,196)

120,805,657

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

11.5%

U.S.

Treasury

Bills

5.49%,

4/4/2024

(2)(f)

$

529,000

528,771

5.47%,

4/11/2024

(2)(f)(g)

8,572,000

8,559,526

5.48%,

4/18/2024

(2)(f)(g)

4,022,000

4,012,003

5.47%,

4/25/2024

(2)(f)

2,096,000

2,088,654

5.11%,

8/1/2024

(2)(f)

2,039,000

2,003,282

5.18%,

8/8/2024

(2)(f)

873,000

856,972

5.27%,

8/29/2024

(2)(f)

299,000

292,634

5.24%,

9/5/2024

(2)(f)

2,589,000

2,531,202

5.23%,

9/12/2024

(2)(f)

2,413,000

2,356,916

5.27%,

9/19/2024

(2)(f)

1,172,000

1,143,506

5.24%,

9/26/2024

(2)(f)

325,000

316,775

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$24,691,435)

24,690,241

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$145,481,631)

145,495,898

TOTAL

LONG

POSITIONS

(Cost

$417,223,651)

536,524,345

10

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

SHORT

POSITIONS

-

(165.9)%

COMMON

STOCKS

-

(164.7)%

Australia

-

(4.8)%

ALS

Ltd.

(2)

(6,514)

(55,696)

Alumina

Ltd.

(2)

(72,204)

(66,909)

APA

Group

(2)

(107,881)

(591,295)

Cleanaway

Waste

Management

Ltd.

(2)

(51,065)

(90,481)

Coles

Group

Ltd.

(2)

(10,850)

(119,776)

Commonwealth

Bank

of

Australia

(2)

(12,616)

(989,591)

Domino's

Pizza

Enterprises

Ltd.

(2)

(1,222)

(34,525)

Endeavour

Group

Ltd.

(2)

(173,866)

(624,254)

Evolution

Mining

Ltd.

(2)

(119,403)

(279,062)

Glencore

plc

(2)

(20,093)

(110,262)

IDP

Education

Ltd.

(2)

(56,921)

(664,445)

IGO

Ltd.

(2)

(40,857)

(188,247)

Insurance

Australia

Group

Ltd.

(2)

(78,066)

(325,639)

Liontown

Resources

Ltd.

(2)

(626,105)

(476,743)

Lynas

Rare

Earths

Ltd.

(2)

(171,463)

(632,866)

Macquarie

Group

Ltd.

(2)

(5,814)

(756,271)

Mineral

Resources

Ltd.

(2)

(13,300)

(613,639)

National

Australia

Bank

Ltd.

(2)

(5,917)

(133,973)

NEXTDC

Ltd.

(2)

(9,809)

(113,626)

Pilbara

Minerals

Ltd.

(2)

(33,078)

(82,544)

Ramsay

Health

Care

Ltd.

(2)

(17,011)

(626,245)

SEEK

Ltd.

(2)

(2,612)

(42,593)

Sonic

Healthcare

Ltd.

(2)

(17,133)

(328,316)

South32

Ltd.

(2)

(51,236)

(99,978)

Transurban

Group

(2)

(21,581)

(187,218)

Treasury

Wine

Estates

Ltd.

(2)

(80,673)

(654,388)

WiseTech

Global

Ltd.

(2)

(2,388)

(146,057)

Woodside

Energy

Group

Ltd.

(2)

(42,151)

(840,169)

Woolworths

Group

Ltd.

(2)

(18,894)

(408,414)

(10,283,222)

Belgium

-

(0.6)%

Anheuser-Busch

InBev

SA/NV

(2)

(5,898)

(359,034)

D'ieteren

Group

(2)

(1,476)

(327,232)

Elia

Group

SA/NV

(2)

(754)

(81,391)

Liberty

Global

Ltd.,

Class

C

(20,294)

(357,986)

Lotus

Bakeries

NV

(8)

(77,246)

(1,202,889)

Brazil

-

(0.3)%

MercadoLibre,

Inc.

(167)

(252,497)

Wheaton

Precious

Metals

Corp.

(6,058)

(285,335)

(537,832)

Burkina

Faso

-

(0.1)%

Endeavour

Mining

plc

(2)

(11,176)

(226,785)

Canada

-

(6.6)%

Agnico

Eagle

Mines

Ltd.

(4,947)

(294,983)

Alamos

Gold,

Inc.,

Class

A

(2,580)

(38,037)

Algonquin

Power

&

Utilities

Corp.

(111,068)

(701,888)

AltaGas

Ltd.

(1,860)

(41,085)

Aritzia,

Inc.

(12,101)

(334,116)

Barrick

Gold

Corp.

(20,219)

(336,299)

BCE,

Inc.

(8,330)

(283,068)

INVESTMENTS

SHARES

VALUE

($)

Canada

-

(6.6)%

(continued)

Brookfield

Asset

Management

Ltd.,

Class

A

(2,100)

(88,214)

Brookfield

Corp.,

Class

A

(19,454)

(814,036)

Brookfield

Infrastructure

Corp.,

Class

A

(2,113)

(76,124)

CAE,

Inc.

(4,470)

(92,301)

Cameco

Corp.

(10,259)

(444,124)

Canadian

Natural

Resources

Ltd.

(3,421)

(260,966)

Canadian

Pacific

Kansas

City

Ltd.

(2,694)

(237,529)

Canadian

Utilities

Ltd.,

Class

A

(1,868)

(42,544)

CCL

Industries,

Inc.,

Class

B

(1,640)

(83,819)

Cenovus

Energy,

Inc.

(15,663)

(313,133)

Colliers

International

Group,

Inc.

(2,613)

(319,393)

Element

Fleet

Management

Corp.

(16,622)

(268,617)

Enbridge,

Inc.

(22,580)

(815,984)

Franco-Nevada

Corp.

(9,378)

(1,117,425)

Gildan

Activewear,

Inc.

(3,364)

(124,845)

Intact

Financial

Corp.

(947)

(153,836)

Keyera

Corp.

(15,993)

(411,942)

Lumine

Group,

Inc.

(h)

(225)

(5,948)

Metro,

Inc.,

Class

A

(3,299)

(177,109)

Northland

Power,

Inc.

(3,875)

(63,308)

Nuvei

Corp.

(b)

(8,003)

(252,991)

Pan

American

Silver

Corp.

(38,528)

(580,814)

Pembina

Pipeline

Corp.

(7,753)

(273,649)

PrairieSky

Royalty

Ltd.

(14,833)

(290,517)

RB

Global,

Inc.

(7,745)

(589,902)

Rogers

Communications,

Inc.,

Class

B

(8,348)

(342,043)

Royal

Bank

of

Canada

(3,900)

(393,354)

Shopify,

Inc.,

Class

A

(4,030)

(310,904)

SNC-Lavalin

Group,

Inc.

(10,486)

(428,869)

TC

Energy

Corp.

(24,376)

(979,683)

Teck

Resources

Ltd.,

Class

B

(18,147)

(830,618)

Thomson

Reuters

Corp.

(1,601)

(249,153)

Toronto-Dominion

Bank

(The)

(9,889)

(596,822)

WSP

Global,

Inc.

(262)

(43,667)

(14,103,659)

Chile

-

(0.3)%

Antofagasta

plc

(2)

(26,746)

(686,998)

China

-

(0.2)%

Prosus

NV

(2)

(11,824)

(370,096)

Denmark

-

(2.2)%

Ambu

A/S,

Class

B

(2)

(7,603)

(125,130)

Coloplast

A/S,

Class

B

(2)

(3,268)

(441,236)

Demant

A/S

(2)

(1,576)

(78,332)

DSV

A/S

(2)

(7,116)

(1,156,739)

GN

Store

Nord

A/S

(2)

(5,896)

(155,943)

Novonesis

(Novozymes),

Class

B

(2)

(2,345)

(137,937)

Orsted

A/S

(2)(b)

(14,381)

(803,594)

Royal

Unibrew

A/S

(2)

(555)

(36,724)

Tryg

A/S

(2)

(21,788)

(449,145)

Vestas

Wind

Systems

A/S

(2)

(43,768)

(1,220,847)

(4,605,627)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

11

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Finland

-

(0.8)%

Neste

OYJ

(2)

(17,378)

(471,208)

Orion

OYJ,

Class

B

(2)

(1,024)

(38,172)

Sampo

OYJ,

Class

A

(2)

(13,793)

(588,358)

Stora

Enso

OYJ,

Class

R

(2)

(27,308)

(379,746)

UPM-Kymmene

OYJ

(2)

(6,234)

(207,696)

(1,685,180)

France

-

(4.9)%

Accor

SA

(2)

(9,091)

(424,426)

Aeroports

de

Paris

SA

(2)

(1,243)

(170,433)

Air

France-KLM

(2)

(27,884)

(310,405)

Air

Liquide

SA

(2)

(1,230)

(255,900)

Airbus

SE

(2)

(2,486)

(457,993)

Alstom

SA

(2)

(18,155)

(276,471)

AXA

SA

(2)

(9,813)

(368,535)

BioMerieux

(2)

(1,137)

(125,404)

Bureau

Veritas

SA

(2)

(4,057)

(123,874)

Dassault

Systemes

SE

(2)

(14,004)

(619,917)

Edenred

SE

(2)

(7,081)

(378,088)

EssilorLuxottica

SA

(2)

(885)

(200,197)

Forvia

SE

(2)

(3,275)

(49,621)

Getlink

SE

(2)

(3,954)

(67,322)

Hermes

International

SCA

(2)

(302)

(771,847)

Kering

SA

(2)

(1,018)

(403,213)

Legrand

SA

(2)

(560)

(59,302)

L'Oreal

SA

(2)

(1,545)

(731,668)

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(2)

(1,423)

(1,280,412)

Pernod

Ricard

SA

(2)

(4,222)

(683,475)

Remy

Cointreau

SA

(2)

(741)

(74,822)

Renault

SA

(2)

(13,198)

(665,973)

Sartorius

Stedim

Biotech

(2)

(3,460)

(986,885)

SOITEC

(2)

(2,886)

(298,023)

Teleperformance

SE

(2)

(722)

(70,131)

Thales

SA

(2)

(1,824)

(310,956)

Valeo

SE

(2)

(8,673)

(108,432)

Vivendi

SE

(2)

(8,574)

(93,438)

Worldline

SA

(2)(b)

(12,032)

(148,854)

(10,516,017)

Germany

-

(4.0)%

adidas

AG

(2)

(1,577)

(352,347)

Aroundtown

SA

(2)

(19,958)

(42,073)

Bayer

AG

(Registered)

(2)

(15,088)

(462,064)

Carl

Zeiss

Meditec

AG

(2)

(3,262)

(407,181)

CTS

Eventim

AG

&

Co.

KGaA

(2)

(2,043)

(181,649)

Deutsche

Telekom

AG

(Registered)

(2)

(9,081)

(220,437)

Evotec

SE

(2)

(4,941)

(77,007)

Fraport

AG

Frankfurt

Airport

Services

Worldwide

(2)

(2,199)

(115,894)

Infineon

Technologies

AG

(2)

(12,801)

(435,305)

Mercedes-Benz

Group

AG

(2)

(3,117)

(248,228)

Merck

KGaA

(2)

(5,767)

(1,016,928)

MTU

Aero

Engines

AG

(2)

(2,630)

(667,037)

Nemetschek

SE

(2)

(1,978)

(195,788)

Puma

SE

(2)

(5,578)

(252,439)

Rational

AG

(2)

(123)

(105,976)

Rheinmetall

AG

(2)

(1,318)

(741,271)

RWE

AG

(2)

(6,879)

(233,798)

INVESTMENTS

SHARES

VALUE

($)

Germany

-

(4.0)%

(continued)

SAP

SE

(2)

(2,703)

(526,325)

Siemens

AG

(Registered)

(2)

(1,517)

(289,654)

Siemens

Healthineers

AG

(2)(b)

(13,440)

(821,959)

Symrise

AG,

Class

A

(2)

(2,270)

(271,744)

TeamViewer

SE

(2)(b)

(6,887)

(102,632)

United

Internet

AG

(Registered)

(2)

(2,660)

(59,861)

Vonovia

SE

(2)

(12,670)

(374,421)

Zalando

SE

(2)(b)

(12,554)

(358,985)

(8,561,003)

Hong

Kong

-

(0.3)%

Prudential

plc

(2)

(61,576)

(577,495)

Italy

-

(3.6)%

Amplifon

SpA

(2)

(6,675)

(243,322)

Banca

Generali

SpA

(2)

(1,831)

(72,756)

Brunello

Cucinelli

SpA

(2)

(4,116)

(470,408)

Davide

Campari-Milano

NV

(2)

(6,439)

(64,712)

DiaSorin

SpA

(2)

(674)

(65,044)

Enel

SpA

(2)

(170,882)

(1,128,077)

ERG

SpA

(2)

(17,341)

(435,363)

Ferrari

NV

(2)

(1,783)

(777,451)

FinecoBank

Banca

Fineco

SpA

(2)

(40,732)

(610,035)

Infrastrutture

Wireless

Italiane

SpA

(2)(b)

(26,602)

(301,879)

Interpump

Group

SpA

(2)

(7,456)

(363,382)

Mediobanca

Banca

di

Credito

Finanziario

SpA

(2)

(16,249)

(242,134)

Moncler

SpA

(2)

(7,387)

(551,223)

Nexi

SpA

(2)(b)

(52,186)

(330,642)

Snam

SpA

(2)

(202,059)

(954,063)

Telecom

Italia

SpA

(727,456)

(176,662)

Terna

-

Rete

Elettrica

Nazionale

(2)

(106,069)

(876,736)

(7,663,889)

Japan

-

(23.9)%

Advantest

Corp.

(2)

(18,700)

(830,707)

Aeon

Co.

Ltd.

(2)

(10,900)

(258,569)

Ajinomoto

Co.,

Inc.

(2)

(14,600)

(545,217)

Allegro

MicroSystems,

Inc.

(4,231)

(114,068)

Asahi

Intecc

Co.

Ltd.

(2)

(16,300)

(285,573)

Asahi

Kasei

Corp.

(2)

(17,700)

(129,799)

Astellas

Pharma,

Inc.

(2)

(46,800)

(502,761)

Azbil

Corp.

(2)

(2,200)

(60,865)

Bandai

Namco

Holdings,

Inc.

(2)

(21,100)

(391,514)

BayCurrent

Consulting,

Inc.

(2)

(5,700)

(112,042)

Bridgestone

Corp.

(2)

(15,500)

(686,956)

Calbee,

Inc.

(10,600)

(238,917)

Capcom

Co.

Ltd.

(2)

(12,000)

(224,809)

Chugai

Pharmaceutical

Co.

Ltd.

(2)

(4,200)

(160,505)

Concordia

Financial

Group

Ltd.

(2)

(25,600)

(128,671)

Cosmos

Pharmaceutical

Corp.

(2)

(1,700)

(161,207)

CyberAgent,

Inc.

(2)

(22,600)

(164,362)

Daifuku

Co.

Ltd.

(2)

(22,400)

(536,915)

Daiichi

Sankyo

Co.

Ltd.

(2)

(17,500)

(556,831)

Daikin

Industries

Ltd.

(2)

(8,300)

(1,133,287)

Denso

Corp.

(2)

(47,500)

(909,705)

Disco

Corp.

(2)

(1,700)

(621,407)

East

Japan

Railway

Co.

(2)

(28,200)

(541,021)

Eisai

Co.

Ltd.

(2)

(21,600)

(889,678)

12

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(23.9)%

(continued)

FANUC

Corp.

(2)

(37,800)

(1,054,486)

Fast

Retailing

Co.

Ltd.

(2)

(700)

(216,878)

FUJIFILM

Holdings

Corp.

(2)

(16,200)

(363,765)

Fukuoka

Financial

Group,

Inc.

(2)

(10,100)

(269,624)

GMO

Payment

Gateway,

Inc.

(2)

(8,500)

(550,512)

Hamamatsu

Photonics

KK

(2)

(3,800)

(133,974)

Hankyu

Hanshin

Holdings,

Inc.

(2)

(5,600)

(160,671)

Harmonic

Drive

Systems,

Inc.

(2)

(3,100)

(82,602)

Hoshizaki

Corp.

(2)

(1,900)

(69,325)

Hoya

Corp.

(2)

(4,200)

(525,298)

Hulic

Co.

Ltd.

(2)

(12,900)

(132,487)

Ibiden

Co.

Ltd.

(2)

(18,400)

(824,077)

IHI

Corp.

(2)

(39,200)

(1,047,885)

Japan

Airlines

Co.

Ltd.

(2)

(14,600)

(277,221)

Japan

Airport

Terminal

Co.

Ltd.

(2)

(15,400)

(608,548)

Japan

Tobacco,

Inc.

(2)

(20,100)

(535,905)

Kadokawa

Corp.

(2)

(13,900)

(244,228)

Kawasaki

Heavy

Industries

Ltd.

(2)

(11,700)

(384,432)

KDDI

Corp.

(2)

(7,200)

(212,880)

Keio

Corp.

(2)

(13,400)

(366,907)

Keisei

Electric

Railway

Co.

Ltd.

(2)

(4,700)

(191,126)

Keyence

Corp.

(2)

(1,500)

(696,391)

Kikkoman

Corp.

(2)

(24,500)

(314,446)

Kintetsu

Group

Holdings

Co.

Ltd.

(2)

(8,600)

(250,490)

Kobe

Bussan

Co.

Ltd.

(2)

(20,200)

(494,966)

Koei

Tecmo

Holdings

Co.

Ltd.

(2)

(7,500)

(79,928)

Kose

Corp.

(2)

(2,700)

(144,690)

Kubota

Corp.

(2)

(34,600)

(542,865)

Kurita

Water

Industries

Ltd.

(2)

(4,300)

(178,278)

Kyoto

Financial

Group,

Inc.

(2)

(26,200)

(472,828)

Kyowa

Kirin

Co.

Ltd.

(2)

(6,300)

(113,344)

Lasertec

Corp.

(2)

(2,900)

(826,588)

Lixil

Corp.

(2)

(8,500)

(104,757)

LY

Corp.

(2)

(78,500)

(198,838)

M3,

Inc.

(2)

(40,100)

(577,093)

Makita

Corp.

(2)

(1,300)

(36,947)

Marui

Group

Co.

Ltd.

(2)

(29,200)

(468,027)

MatsukiyoCocokara

&

Co.

(2)

(14,600)

(234,431)

Mercari,

Inc.

(2)

(35,700)

(456,336)

Mitsubishi

Estate

Co.

Ltd.

(2)

(52,200)

(952,440)

Mitsubishi

Heavy

Industries

Ltd.

(2)

(43,000)

(389,723)

Mitsubishi

UFJ

Financial

Group,

Inc.

(2)

(20,700)

(210,604)

Mitsui

Fudosan

Co.

Ltd.

(2)

(32,400)

(349,320)

MonotaRO

Co.

Ltd.

(2)

(38,500)

(463,423)

Murata

Manufacturing

Co.

Ltd.

(2)

(12,600)

(235,650)

Nagoya

Railroad

Co.

Ltd.

(2)

(3,400)

(47,570)

NIDEC

Corp.

(2)

(16,900)

(700,830)

Nikon

Corp.

(2)

(26,300)

(266,217)

Nippon

Paint

Holdings

Co.

Ltd.

(2)

(70,000)

(503,803)

Nippon

Telegraph

&

Telephone

Corp.

(2)

(168,600)

(200,820)

Nissan

Chemical

Corp.

(2)

(19,100)

(723,433)

Nissan

Motor

Co.

Ltd.

(2)

(163,900)

(649,451)

Nissin

Foods

Holdings

Co.

Ltd.

(2)

(6,200)

(170,922)

Nitori

Holdings

Co.

Ltd.

(2)

(4,700)

(712,295)

Nomura

Research

Institute

Ltd.

(2)

(9,000)

(254,239)

NTT

Data

Group

Corp.

(2)

(21,400)

(340,216)

Obic

Co.

Ltd.

(2)

(900)

(135,946)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(23.9)%

(continued)

Odakyu

Electric

Railway

Co.

Ltd.

(2)

(11,200)

(154,390)

Omron

Corp.

(2)

(13,700)

(490,556)

Oriental

Land

Co.

Ltd.

(2)

(17,600)

(563,829)

Rakuten

Group,

Inc.

(2)

(32,300)

(183,338)

Recruit

Holdings

Co.

Ltd.

(2)

(8,800)

(386,380)

Resona

Holdings,

Inc.

(2)

(75,300)

(464,184)

Resonac

Holdings

Corp.

(2)

(16,300)

(379,709)

Rinnai

Corp.

(2)

(7,500)

(172,157)

Seibu

Holdings,

Inc.

(2)

(7,000)

(109,414)

Sekisui

House

Ltd.

(2)

(9,600)

(218,666)

Seven

&

i

Holdings

Co.

Ltd.

(2)

(42,100)

(613,645)

SG

Holdings

Co.

Ltd.

(2)

(30,600)

(387,517)

Sharp

Corp.

(2)

(13,800)

(76,859)

SHIFT,

Inc.

(2)

(1,200)

(191,247)

Shimadzu

Corp.

(2)

(4,600)

(128,129)

Shimano,

Inc.

(2)

(3,700)

(550,425)

Shiseido

Co.

Ltd.

(2)

(14,600)

(400,631)

Shizuoka

Financial

Group,

Inc.

(2)

(16,100)

(153,200)

SMC

Corp.

(2)

(1,800)

(1,015,488)

SoftBank

Corp.

(2)

(21,200)

(272,949)

SoftBank

Group

Corp.

(2)

(12,400)

(736,379)

Sony

Group

Corp.

(2)

(14,900)

(1,277,685)

Sumitomo

Chemical

Co.

Ltd.

(2)

(517,000)

(1,120,183)

Sumitomo

Metal

Mining

Co.

Ltd.

(2)

(16,400)

(489,710)

Sumitomo

Mitsui

Financial

Group,

Inc.

(2)

(12,200)

(713,367)

Sumitomo

Realty

&

Development

Co.

Ltd.

(2)

(7,700)

(286,898)

Suzuki

Motor

Corp.

(2)

(60,400)

(689,603)

Sysmex

Corp.

(2)

(21,000)

(374,743)

T&D

Holdings,

Inc.

(2)

(8,300)

(144,289)

Taisei

Corp.

(2)

(5,900)

(215,049)

Taiyo

Yuden

Co.

Ltd.

(2)

(19,200)

(454,553)

Takeda

Pharmaceutical

Co.

Ltd.

(2)

(18,700)

(520,120)

Terumo

Corp.

(2)

(28,800)

(527,001)

Tobu

Railway

Co.

Ltd.

(2)

(2,300)

(57,511)

Tokyo

Electron

Ltd.

(2)

(500)

(130,225)

Tokyu

Corp.

(2)

(20,200)

(245,972)

Toray

Industries,

Inc.

(2)

(20,700)

(99,398)

TOTO

Ltd.

(2)

(5,700)

(159,800)

Toyota

Motor

Corp.

(2)

(32,100)

(811,327)

Unicharm

Corp.

(2)

(11,200)

(356,566)

USS

Co.

Ltd.

(2)

(4,200)

(34,722)

Welcia

Holdings

Co.

Ltd.

(2)

(11,300)

(192,147)

West

Japan

Railway

Co.

(2)

(13,000)

(270,922)

Yakult

Honsha

Co.

Ltd.

(2)

(6,400)

(130,806)

Yamaha

Corp.

(2)

(20,000)

(431,695)

Yamaha

Motor

Co.

Ltd.

(2)

(52,300)

(481,765)

Yamato

Holdings

Co.

Ltd.

(2)

(5,500)

(79,159)

Yaskawa

Electric

Corp.

(2)

(22,600)

(962,188)

ZOZO,

Inc.

(2)

(12,000)

(297,838)

(51,140,696)

Luxembourg

-

(0.1)%

Eurofins

Scientific

SE

(2)

(4,607)

(293,468)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

13

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Netherlands

-

(1.9)%

Adyen

NV

(2)(b)

(515)

(869,905)

Aegon

Ltd.

(2)

(65,643)

(400,477)

Argenx

SE

(2)

(1,977)

(779,478)

ASML

Holding

NV

(2)

(567)

(549,685)

BE

Semiconductor

Industries

NV

(2)

(1,587)

(243,094)

Heineken

NV

(2)

(2,122)

(204,577)

IMCD

NV

(2)

(2,740)

(482,268)

Koninklijke

Vopak

NV

(2)

(5,854)

(225,770)

SBM

Offshore

NV

(2)

(20,580)

(328,697)

(4,083,951)

Norway

-

(0.6)%

DNB

Bank

ASA

(2)

(14,364)

(285,521)

Gjensidige

Forsikring

ASA

(2)

(15,727)

(228,269)

Mowi

ASA

(2)

(12,460)

(228,874)

Salmar

ASA

(2)

(1,624)

(107,181)

Schibsted

ASA,

Class

A

(1,017)

(32,487)

Telenor

ASA

(3,950)

(43,933)

TOMRA

Systems

ASA

(2)

(20,325)

(318,147)

(1,244,412)

Portugal

-

(0.0)%

†

EDP

-

Energias

de

Portugal

SA

(2)

(18,163)

(70,865)

Jeronimo

Martins

SGPS

SA

(2)

(1,687)

(33,471)

(104,336)

Singapore

-

(1.3)%

CapitaLand

Investment

Ltd.

(2)

(42,600)

(84,533)

City

Developments

Ltd.

(2)

(71,500)

(309,727)

DBS

Group

Holdings

Ltd.

(2)

(10,900)

(290,897)

Grab

Holdings

Ltd.,

Class

A

(135,179)

(424,462)

Keppel

Ltd.

(2)

(53,800)

(292,352)

Seatrium

Ltd.

(2)

(7,710,900)

(450,654)

Singapore

Technologies

Engineering

Ltd.

(2)

(18,700)

(55,675)

Singapore

Telecommunications

Ltd.

(2)

(501,100)

(941,729)

(2,850,029)

South

Africa

-

(0.1)%

Anglo

American

plc

(2)

(9,417)

(232,062)

South

Korea

-

(0.3)%

Delivery

Hero

SE

(2)(b)

(22,679)

(648,493)

Spain

-

(1.7)%

Aena

SME

SA

(2)(b)

(179)

(35,255)

Amadeus

IT

Group

SA

(2)

(8,927)

(573,083)

Bankinter

SA

(2)

(37,591)

(275,428)

CaixaBank

SA

(2)

(49,920)

(242,241)

Cellnex

Telecom

SA

(2)(b)

(23,100)

(817,155)

Corp.

ACCIONA

Energias

Renovables

SA

(2)

(12,200)

(265,845)

Endesa

SA

(2)

(3,000)

(55,624)

Fluidra

SA

(2)

(6,690)

(158,319)

Grifols

SA

(2)

(38,823)

(349,211)

Iberdrola

SA

(2)

(40,563)

(503,807)

Naturgy

Energy

Group

SA

(2)

(7,434)

(161,338)

Redeia

Corp.

SA

(2)

(3,759)

(64,208)

INVESTMENTS

SHARES

VALUE

($)

Spain

-

(1.7)%

(continued)

Telefonica

SA

(2)

(12,982)

(57,332)

(3,558,846)

Sweden

-

(3.3)%

AddTech

AB,

Class

B

(2)

(10,598)

(241,106)

Alfa

Laval

AB

(2)

(866)

(34,029)

Assa

Abloy

AB,

Class

B

(2)

(7,802)

(223,904)

Atlas

Copco

AB,

Class

A

(2)

(23,872)

(403,164)

Autoliv,

Inc.

(2,001)

(240,980)

Beijer

Ref

AB,

Class

B

(2)

(17,567)

(260,833)

Boliden

AB

(2)

(9,296)

(258,128)

Castellum

AB

(2)

(5,196)

(68,336)

Electrolux

AB,

Class

B

(2)

(24,409)

(217,950)

Epiroc

AB,

Class

A

(2)

(22,848)

(428,916)

EQT

AB

(2)

(20,700)

(655,352)

Fastighets

AB

Balder,

Class

B

(2)

(30,143)

(221,414)

Hexagon

AB,

Class

B

(2)

(67,876)

(802,358)

Holmen

AB,

Class

B

(2)

(6,594)

(268,243)

Husqvarna

AB,

Class

B

(2)

(10,533)

(90,131)

Lifco

AB,

Class

B

(2)

(13,577)

(354,554)

Nibe

Industrier

AB,

Class

B

(2)

(148,217)

(728,842)

Sagax

AB,

Class

B

(2)

(14,657)

(386,656)

Svenska

Cellulosa

AB

SCA,

Class

B

(2)

(37,661)

(579,000)

Svenska

Handelsbanken

AB,

Class

A

(2)

(24,656)

(249,272)

Swedish

Orphan

Biovitrum

AB

(3,788)

(94,558)

Tele2

AB,

Class

B

(2)

(19,583)

(160,805)

(6,968,531)

Switzerland

-

(4.5)%

ABB

Ltd.

(Registered)

(2)

(6,191)

(287,202)

Alcon,

Inc.

(2)

(1,672)

(138,294)

Avolta

AG

(2)

(7,553)

(314,487)

Bachem

Holding

AG,

Class

B

(2)

(1,306)

(125,067)

Banque

Cantonale

Vaudoise

(Registered)

(2)

(2,474)

(287,815)

Barry

Callebaut

AG

(Registered)

(2)

(141)

(204,817)

Belimo

Holding

AG

(Registered)

(2)

(183)

(89,814)

Chocoladefabriken

Lindt

&

Spruengli

AG

(2)

(32)

(383,002)

Cie

Financiere

Richemont

SA

(Registered)

(2)

(3,755)

(571,663)

Clariant

AG

(Registered)

(2)

(12,856)

(173,941)

DSM-Firmenich

AG

(2)

(14,359)

(1,633,078)

EMS-Chemie

Holding

AG

(Registered)

(2)

(252)

(193,138)

Givaudan

SA

(Registered)

(2)

(84)

(373,946)

Helvetia

Holding

AG

(Registered)

(2)

(660)

(90,995)

Julius

Baer

Group

Ltd.

(2)

(7,124)

(413,181)

Lonza

Group

AG

(Registered)

(2)

(784)

(468,517)

Partners

Group

Holding

AG

(2)

(361)

(515,683)

SGS

SA

(Registered)

(2)

(504)

(48,930)

SIG

Group

AG

(2)

(47,031)

(1,042,878)

Sika

AG

(Registered)

(2)

(3,720)

(1,106,887)

Straumann

Holding

AG

(Registered)

(2)

(3,168)

(505,479)

Swiss

Prime

Site

AG

(Registered)

(2)

(790)

(74,518)

14

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Switzerland

-

(4.5)%

(continued)

Temenos

AG

(Registered)

(2)

(2,551)

(182,474)

VAT

Group

AG

(2)(b)

(851)

(439,621)

Zurich

Insurance

Group

AG

(2)

(105)

(56,723)

(9,722,150)

United

Kingdom

-

(5.5)%

Admiral

Group

plc

(2)

(8,183)

(293,260)

Ashtead

Group

plc

(2)

(9,539)

(679,455)

AstraZeneca

plc

(2)

(8,068)

(1,083,887)

ConvaTec

Group

plc

(2)(b)

(22,114)

(79,888)

Croda

International

plc

(2)

(7,189)

(444,822)

Diageo

plc

(2)

(20,753)

(767,907)

Diploma

plc

(2)

(2,910)

(136,687)

Direct

Line

Insurance

Group

plc

(93,744)

(230,781)

easyJet

plc

(2)

(12,721)

(91,566)

Entain

plc

(2)

(4,715)

(47,315)

Flutter

Entertainment

plc

(2)

(718)

(143,122)

Halma

plc

(2)

(4,517)

(134,879)

Hargreaves

Lansdown

plc

(2)

(9,060)

(84,086)

Hiscox

Ltd.

(9,636)

(150,810)

Informa

plc

(2)

(30,542)

(320,447)

Intermediate

Capital

Group

plc

(2)

(2,996)

(77,601)

Legal

&

General

Group

plc

(2)

(185,470)

(595,855)

M&G

plc

(2)

(92,502)

(257,465)

Melrose

Industries

plc

(2)

(21,149)

(179,574)

National

Grid

plc

(2)

(59,567)

(802,606)

Ocado

Group

plc

(2)

(46,784)

(268,300)

Pennon

Group

plc

(16,900)

(138,114)

Persimmon

plc

(2)

(14,544)

(241,147)

Reckitt

Benckiser

Group

plc

(2)

(11,250)

(641,307)

RELX

plc

(2)

(7,850)

(338,535)

Rentokil

Initial

plc

(2)

(108,354)

(644,220)

Smith

&

Nephew

plc

(2)

(4,565)

(57,149)

Spirax-Sarco

Engineering

plc

(2)

(3,375)

(428,207)

SSE

plc

(2)

(15,338)

(319,767)

St

James's

Place

plc

(2)

(24,422)

(143,276)

TechnipFMC

plc

(11,978)

(300,768)

Unilever

plc

(2)

(7,944)

(398,803)

Weir

Group

plc

(The)

(2)

(7,560)

(193,114)

WH

Smith

plc

(2)

(4,027)

(67,066)

Wise

plc,

Class

A

(2)

(44,785)

(523,508)

WPP

plc

(2)

(39,146)

(370,992)

(11,676,286)

United

States

-

(92.5)%

10X

Genomics,

Inc.,

Class

A

(17,641)

(662,067)

Acadia

Healthcare

Co.,

Inc.

(5,881)

(465,893)

Accenture

plc,

Class

A

(850)

(294,619)

Advance

Auto

Parts,

Inc.

(2,159)

(183,709)

Advanced

Drainage

Systems,

Inc.

(1,163)

(200,315)

Advanced

Micro

Devices,

Inc.

(2,765)

(499,055)

AECOM

(1,657)

(162,519)

AES

Corp.

(The)

(47,715)

(855,530)

Affirm

Holdings,

Inc.,

Class

A

(3,062)

(114,090)

Aflac,

Inc.

(5,394)

(463,129)

agilon

health,

Inc.

(46,605)

(284,291)

Air

Lease

Corp.,

Class

A

(4,384)

(225,513)

Air

Products

and

Chemicals,

Inc.

(4,427)

(1,072,529)

Alaska

Air

Group,

Inc.

(11,941)

(513,344)

Albemarle

Corp.

(3,738)

(492,444)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(92.5)%

(continued)

Alcoa

Corp.

(12,405)

(419,165)

Allegion

plc

(1,171)

(157,745)

Alliant

Energy

Corp.

(11,152)

(562,061)

Allstate

Corp.

(The)

(1,679)

(290,484)

Ally

Financial,

Inc.

(1,823)

(73,996)

Alnylam

Pharmaceuticals,

Inc.

(1,362)

(203,551)

Amazon.com,

Inc.

(3,500)

(631,330)

Amcor

plc

(45,976)

(437,232)

Ameren

Corp.

(3,345)

(247,396)

American

Airlines

Group,

Inc.

(27,903)

(428,311)

American

Electric

Power

Co.,

Inc.

(3,395)

(292,310)

American

Express

Co.

(1,323)

(301,234)

American

Financial

Group,

Inc.

(712)

(97,174)

American

Water

Works

Co.,

Inc.

(7,455)

(911,076)

AMETEK,

Inc.

(3,133)

(573,026)

Amphenol

Corp.,

Class

A

(5,412)

(624,274)

Antero

Resources

Corp.

(44,111)

(1,279,218)

Aon

plc,

Class

A

(1,580)

(527,278)

APA

Corp.

(6,946)

(238,803)

Apellis

Pharmaceuticals,

Inc.

(6,337)

(372,489)

Apollo

Global

Management,

Inc.

(2,374)

(266,956)

AptarGroup,

Inc.

(1,959)

(281,881)

Aptiv

plc

(7,116)

(566,789)

Arcadium

Lithium

plc

(63,803)

(274,991)

Arista

Networks,

Inc.

(362)

(104,973)

Arrowhead

Pharmaceuticals,

Inc.

(9,515)

(272,129)

Arthur

J

Gallagher

&

Co.

(1,910)

(477,576)

Ashland,

Inc.

(4,052)

(394,543)

Aspen

Technology,

Inc.

(2,368)

(505,047)

Atlassian

Corp.,

Class

A

(1,774)

(346,125)

Atmos

Energy

Corp.

(1,217)

(144,665)

Automatic

Data

Processing,

Inc.

(1,356)

(338,647)

AutoZone,

Inc.

(12)

(37,820)

Avery

Dennison

Corp.

(1,725)

(385,106)

Avis

Budget

Group,

Inc.

(1,516)

(185,649)

Axalta

Coating

Systems

Ltd.

(1,230)

(42,300)

Axon

Enterprise,

Inc.

(522)

(163,323)

AZEK

Co.,

Inc.

(The),

Class

A

(9,400)

(472,068)

Azenta,

Inc.

(6,302)

(379,885)

Baker

Hughes

Co.,

Class

A

(11,470)

(384,245)

Ball

Corp.

(9,658)

(650,563)

Bank

of

America

Corp.

(11,174)

(423,718)

Bath

&

Body

Works,

Inc.

(5,545)

(277,361)

Becton

Dickinson

&

Co.

(1,567)

(387,754)

Bentley

Systems,

Inc.,

Class

B

(4,215)

(220,107)

BILL

Holdings,

Inc.

(6,269)

(430,806)

Biogen,

Inc.

(1,186)

(255,737)

BioMarin

Pharmaceutical,

Inc.

(5,676)

(495,742)

Bio-Rad

Laboratories,

Inc.,

Class

A

(1,118)

(386,683)

Bio-Techne

Corp.

(4,300)

(302,677)

BJ's

Wholesale

Club

Holdings,

Inc.

(4,957)

(374,997)

BlackRock,

Inc.

(44)

(36,683)

Blackstone,

Inc.

(8,807)

(1,156,975)

Block,

Inc.,

Class

A

(4,004)

(338,658)

Blue

Owl

Capital,

Inc.,

Class

A

(13,832)

(260,872)

Boeing

Co.

(The)

(3,854)

(743,783)

BOK

Financial

Corp.

(2,997)

(275,724)

Booz

Allen

Hamilton

Holding

Corp.,

Class

A

(1,349)

(200,246)

Boston

Scientific

Corp.

(4,252)

(291,219)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

15

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(92.5)%

(continued)

Bright

Horizons

Family

Solutions,

Inc.

(2,168)

(245,764)

Brink's

Co.

(The)

(710)

(65,590)

Broadridge

Financial

Solutions,

Inc.

(1,306)

(267,547)

Brookfield

Renewable

Corp.,

Class

A

(1,847)

(45,324)

Brown

&

Brown,

Inc.

(2,250)

(196,965)

Brown-Forman

Corp.,

Class

B

(17,921)

(925,082)

Brunswick

Corp.

(3,926)

(378,938)

Burlington

Stores,

Inc.

(939)

(218,026)

Cable

One,

Inc.

(536)

(226,798)

Cadence

Bank

(17,317)

(502,193)

Caesars

Entertainment,

Inc.

(5,538)

(242,232)

Calix,

Inc.

(1,058)

(35,083)

Campbell

Soup

Co.

(3,344)

(148,641)

Carlisle

Cos.,

Inc.

(222)

(86,991)

CarMax,

Inc.

(9,159)

(797,840)

Carnival

Corp.

(11,828)

(193,270)

Carrier

Global

Corp.

(5,022)

(291,929)

CCC

Intelligent

Solutions

Holdings,

Inc.

(10,168)

(121,609)

CDW

Corp.

(1,868)

(477,797)

Celanese

Corp.,

Class

A

(1,629)

(279,960)

Celsius

Holdings,

Inc.

(2,509)

(208,046)

CenterPoint

Energy,

Inc.

(15,820)

(450,712)

Certara,

Inc.

(13,265)

(237,178)

CH

Robinson

Worldwide,

Inc.

(2,860)

(217,760)

Charles

Schwab

Corp.

(The)

(10,311)

(745,898)

Chart

Industries,

Inc.

(4,549)

(749,311)

Charter

Communications,

Inc.,

Class

A

(1,441)

(418,798)

Chemed

Corp.

(55)

(35,306)

Chemours

Co.

(The)

(10,271)

(269,716)

Cheniere

Energy,

Inc.

(4,067)

(655,926)

Chesapeake

Energy

Corp.

(923)

(81,990)

Chipotle

Mexican

Grill,

Inc.,

Class

A

(135)

(392,414)

Choice

Hotels

International,

Inc.

(673)

(85,034)

Church

&

Dwight

Co.,

Inc.

(907)

(94,609)

Churchill

Downs,

Inc.

(5,674)

(702,158)

Ciena

Corp.

(1,380)

(68,241)

Cincinnati

Financial

Corp.

(296)

(36,754)

Civitas

Resources,

Inc.

(2,567)

(194,861)

Clarivate

plc

(15,759)

(117,089)

Clearway

Energy,

Inc.,

Class

C

(9,621)

(221,764)

Clorox

Co.

(The)

(1,336)

(204,555)

Cloudflare,

Inc.,

Class

A

(2,933)

(284,002)

CME

Group,

Inc.

(3,090)

(665,246)

CMS

Energy

Corp.

(9,679)

(584,031)

CNH

Industrial

NV

(2)

(12,685)

(163,688)

CNH

Industrial

NV

(35,812)

(464,124)

CNX

Resources

Corp.

(6,439)

(152,733)

Cognex

Corp.

(19,564)

(829,905)

Coherent

Corp.

(2,172)

(131,667)

Coinbase

Global,

Inc.,

Class

A

(1,247)

(330,605)

Commerce

Bancshares,

Inc.

(10,450)

(555,940)

Conagra

Brands,

Inc.

(9,157)

(271,413)

Confluent,

Inc.,

Class

A

(13,555)

(413,699)

ConocoPhillips

(5,533)

(704,240)

Consolidated

Edison,

Inc.

(2,751)

(249,818)

Constellation

Brands,

Inc.,

Class

A

(1,009)

(274,206)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(92.5)%

(continued)

Constellation

Energy

Corp.

(2,549)

(471,183)

Core

&

Main,

Inc.,

Class

A

(2,963)

(169,632)

Corning,

Inc.

(10,917)

(359,824)

Corteva,

Inc.

(13,507)

(778,949)

CoStar

Group,

Inc.

(11,231)

(1,084,915)

Costco

Wholesale

Corp.

(494)

(361,919)

Coterra

Energy,

Inc.

(7,914)

(220,642)

Crane

Co.

(1,075)

(145,265)

Credit

Acceptance

Corp.

(813)

(448,410)

Crocs,

Inc.

(1,852)

(266,318)

Crown

Holdings,

Inc.

(5,610)

(444,649)

CSL

Ltd.

(2)

(5,658)

(1,061,597)

Cullen/Frost

Bankers,

Inc.

(4,731)

(532,569)

Danaher

Corp.

(561)

(140,093)

Darling

Ingredients,

Inc.

(4,306)

(200,272)

Datadog,

Inc.,

Class

A

(1,200)

(148,320)

Dayforce,

Inc.

(9,229)

(611,052)

Deere

&

Co.

(2,327)

(955,792)

Delta

Air

Lines,

Inc.

(10,817)

(517,810)

Dexcom,

Inc.

(3,300)

(457,710)

Dollar

General

Corp.

(6,419)

(1,001,749)

Dollar

Tree,

Inc.

(6,458)

(859,883)

Dominion

Energy,

Inc.

(14,777)

(726,881)

DoorDash,

Inc.,

Class

A

(1,438)

(198,041)

DoubleVerify

Holdings,

Inc.

(3,153)

(110,859)

Doximity,

Inc.,

Class

A

(4,252)

(114,421)

DR

Horton,

Inc.

(2,824)

(464,689)

DraftKings,

Inc.,

Class

A

(4,522)

(205,344)

Driven

Brands

Holdings,

Inc.

(22,742)

(359,096)

DT

Midstream,

Inc.

(4,742)

(289,736)

DTE

Energy

Co.

(5,284)

(592,548)

Duke

Energy

Corp.

(6,571)

(635,481)

Dun

&

Bradstreet

Holdings,

Inc.

(17,793)

(178,642)

DuPont

de

Nemours,

Inc.

(5,333)

(408,881)

Dynatrace,

Inc.

(1,409)

(65,434)

East

West

Bancorp,

Inc.

(2,963)

(234,403)

Eaton

Corp.

plc

(1,778)

(555,945)

Ecolab,

Inc.

(919)

(212,197)

Edison

International

(8,892)

(628,931)

Edwards

Lifesciences

Corp.

(377)

(36,026)

Elastic

NV

(677)

(67,862)

Element

Solutions,

Inc.

(4,322)

(107,964)

elf

Beauty,

Inc.

(2,561)

(502,033)

Eli

Lilly

&

Co.

(679)

(528,235)

Emerson

Electric

Co.

(5,808)

(658,743)

Enphase

Energy,

Inc.

(2,375)

(287,328)

Entegris,

Inc.

(1,948)

(273,772)

EPAM

Systems,

Inc.

(117)

(32,311)

EQT

Corp.

(7,480)

(277,284)

Equifax,

Inc.

(1,135)

(303,635)

Erie

Indemnity

Co.,

Class

A

(356)

(142,959)

Essential

Utilities,

Inc.

(7,506)

(278,097)

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

(3,560)

(548,774)

Etsy,

Inc.

(4,530)

(311,302)

Eversource

Energy

(8,822)

(527,291)

Exelon

Corp.

(18,093)

(679,754)

ExlService

Holdings,

Inc.

(4,484)

(142,591)

Expeditors

International

of

Washington,

Inc.

(2,890)

(351,337)

16

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(92.5)%

(continued)

Experian

plc

(2)

(3,954)

(172,287)

Exponent,

Inc.

(2,115)

(174,889)

FactSet

Research

Systems,

Inc.

(548)

(249,006)

Fastenal

Co.

(467)

(36,024)

FedEx

Corp.

(1,798)

(520,953)

Ferrovial

SE

(2)

(27,006)

(1,069,218)

Fifth

Third

Bancorp

(9,127)

(339,616)

First

Financial

Bankshares,

Inc.

(25,055)

(822,055)

First

Hawaiian,

Inc.

(7,863)

(172,671)

First

Horizon

Corp.

(11,342)

(174,667)

First

Solar,

Inc.

(786)

(132,677)

FirstEnergy

Corp.

(23,022)

(889,110)

Five

Below,

Inc.

(2,943)

(533,801)

Five9,

Inc.

(6,394)

(397,131)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(4,314)

(559,181)

FMC

Corp.

(17,298)

(1,101,883)

Ford

Motor

Co.

(49,541)

(657,904)

Fortune

Brands

Innovations,

Inc.

(994)

(84,162)

Fox

Factory

Holding

Corp.

(12,615)

(656,863)

Freeport-McMoRan,

Inc.

(12,423)

(584,129)

Freshpet,

Inc.

(3,850)

(446,061)

Frontier

Communications

Parent,

Inc.

(13,479)

(330,236)

FTI

Consulting,

Inc.

(1,750)

(368,008)

Garmin

Ltd.

(1,014)

(150,954)

GATX

Corp.

(3,695)

(495,241)

General

Mills,

Inc.

(4,772)

(333,897)

Gentex

Corp.

(5,079)

(183,453)

Genuine

Parts

Co.

(3,446)

(533,889)

GFL

Environmental,

Inc.

(10,195)

(351,562)

Ginkgo

Bioworks

Holdings,

Inc.,

Class

A

(36,323)

(42,135)

Glacier

Bancorp,

Inc.

(19,901)

(801,612)

Globant

SA

(449)

(90,653)

Globe

Life,

Inc.

(540)

(62,840)

Globus

Medical,

Inc.,

Class

A

(16,535)

(886,937)

Goldman

Sachs

Group,

Inc.

(The)

(1,091)

(455,700)

Goodyear

Tire

&

Rubber

Co.

(The)

(2,845)

(39,062)

Graphic

Packaging

Holding

Co.

(7,399)

(215,903)

Grocery

Outlet

Holding

Corp.

(16,229)

(467,071)

Guidewire

Software,

Inc.

(1,769)

(206,460)

GXO

Logistics,

Inc.

(5,422)

(291,487)

Halliburton

Co.

(2,625)

(103,478)

Hanover

Insurance

Group,

Inc.

(The)

(1,273)

(173,344)

Harley-Davidson,

Inc.

(9,086)

(397,422)

Hasbro,

Inc.

(17,762)

(1,003,908)

HashiCorp,

Inc.,

Class

A

(11,493)

(309,736)

Hayward

Holdings,

Inc.

(42,192)

(645,960)

HealthEquity,

Inc.

(6,407)

(523,003)

HEICO

Corp.

(3,170)

(605,470)

Helen

of

Troy

Ltd.

(625)

(72,025)

Hershey

Co.

(The)

(3,885)

(755,633)

Hertz

Global

Holdings,

Inc.

(24,766)

(193,918)

Hilton

Grand

Vacations,

Inc.

(7,943)

(374,989)

Hilton

Worldwide

Holdings,

Inc.

(935)

(199,445)

Home

BancShares,

Inc.

(16,513)

(405,724)

Home

Depot,

Inc.

(The)

(777)

(298,057)

Honeywell

International,

Inc.

(2,572)

(527,903)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(92.5)%

(continued)

Hormel

Foods

Corp.

(12,950)

(451,826)

Houlihan

Lokey,

Inc.,

Class

A

(1,018)

(130,497)

Howard

Hughes

Holdings,

Inc.

(6,200)

(450,244)

HubSpot,

Inc.

(321)

(201,126)

Huntsman

Corp.

(10,791)

(280,890)

Hyatt

Hotels

Corp.,

Class

A

(3,236)

(516,530)

ICU

Medical,

Inc.

(788)

(84,568)

IDACORP,

Inc.

(1,670)

(155,126)

IDEX

Corp.

(912)

(222,546)

Illinois

Tool

Works,

Inc.

(1,673)

(448,916)

Illumina,

Inc.

(6,362)

(873,630)

Inari

Medical,

Inc.

(9,671)

(464,015)

Ingersoll

Rand,

Inc.

(2,633)

(250,003)

Inspire

Medical

Systems,

Inc.

(2,240)

(481,130)

Insulet

Corp.

(4,971)

(852,029)

Intel

Corp.

(6,858)

(302,918)

Intercontinental

Exchange,

Inc.

(1,535)

(210,955)

International

Flavors

&

Fragrances,

Inc.

(7,068)

(607,777)

Interpublic

Group

of

Cos.,

Inc.

(The)

(6,542)

(213,465)

Intuitive

Surgical,

Inc.

(1,172)

(467,733)

Ionis

Pharmaceuticals,

Inc.

(18,914)

(819,922)

Iridium

Communications,

Inc.

(16,438)

(430,018)

J

M

Smucker

Co.

(The)

(5,002)

(629,602)

Jack

Henry

&

Associates,

Inc.

(990)

(171,993)

Johnson

Controls

International

plc

(557)

(36,383)

JPMorgan

Chase

&

Co.

(2,840)

(568,852)

KBR,

Inc.

(5,955)

(379,095)

Kellanova

(4,268)

(244,514)

Kemper

Corp.

(6,900)

(427,248)

KeyCorp

(30,232)

(477,968)

Keysight

Technologies,

Inc.

(2,143)

(335,122)

Kinder

Morgan,

Inc.

(30,190)

(553,685)

Kinsale

Capital

Group,

Inc.

(832)

(436,584)

Kirby

Corp.

(859)

(81,880)

KKR

&

Co.,

Inc.

(1,891)

(190,197)

L3Harris

Technologies,

Inc.

(524)

(111,664)

Laboratory

Corp.

of

America

Holdings

(1,155)

(252,321)

Lamb

Weston

Holdings,

Inc.

(5,473)

(583,039)

Las

Vegas

Sands

Corp.

(3,597)

(185,965)

Lattice

Semiconductor

Corp.

(2,878)

(225,146)

Leggett

&

Platt,

Inc.

(13,900)

(266,185)

Lennox

International,

Inc.

(235)

(114,859)

Liberty

Broadband

Corp.,

Class

C

(12,088)

(691,796)

Light

&

Wonder,

Inc.

(2,209)

(225,517)

Lincoln

National

Corp.

(2,182)

(69,671)

Linde

plc

(313)

(145,332)

Lithia

Motors,

Inc.,

Class

A

(791)

(237,980)

Littelfuse,

Inc.

(627)

(151,953)

LivaNova

plc

(1,896)

(106,062)

LKQ

Corp.

(6,064)

(323,878)

Louisiana-Pacific

Corp.

(3,011)

(252,653)

Lowe's

Cos.,

Inc.

(1,140)

(290,392)

LPL

Financial

Holdings,

Inc.

(441)

(116,512)

Lululemon

Athletica,

Inc.

(657)

(256,657)

Lumentum

Holdings,

Inc.

(14,640)

(693,204)

Lyft,

Inc.,

Class

A

(20,830)

(403,061)

MACOM

Technology

Solutions

Holdings,

Inc.

(4,009)

(383,421)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

17

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(92.5)%

(continued)

Madison

Square

Garden

Sports

Corp.,

Class

A

(4,025)

(742,693)

Maravai

LifeSciences

Holdings,

Inc.,

Class

A

(74,816)

(648,655)

MarketAxess

Holdings,

Inc.

(971)

(212,892)

Marriott

International,

Inc.,

Class

A

(199)

(50,210)

Marriott

Vacations

Worldwide

Corp.

(3,342)

(360,034)

Marsh

&

McLennan

Cos.,

Inc.

(3,432)

(706,923)

Marvell

Technology,

Inc.

(3,619)

(256,515)

Masimo

Corp.

(2,402)

(352,734)

MasTec,

Inc.

(3,196)

(298,027)

Mastercard,

Inc.,

Class

A

(74)

(35,636)

Mattel,

Inc.

(13,402)

(265,494)

McCormick

&

Co.,

Inc.

(Non-Voting)

(6,649)

(510,710)

MDU

Resources

Group,

Inc.

(4,707)

(118,616)

Mercury

Systems,

Inc.

(20,205)

(596,048)

MGM

Resorts

International

(7,741)

(365,453)

Micron

Technology,

Inc.

(4,587)

(540,761)

Microsoft

Corp.

(1,428)

(600,788)

Mister

Car

Wash,

Inc.

(24,248)

(187,922)

Moderna,

Inc.

(5,119)

(545,481)

Mondelez

International,

Inc.,

Class

A

(5,143)

(360,010)

MongoDB,

Inc.,

Class

A

(1,421)

(509,627)

Moody's

Corp.

(528)

(207,520)

Morgan

Stanley

(6,268)

(590,195)

Motorola

Solutions,

Inc.

(2,674)

(949,217)

MP

Materials

Corp.

(58,380)

(834,834)

MSA

Safety,

Inc.

(1,643)

(318,068)

MSCI,

Inc.,

Class

A

(485)

(271,818)

Nasdaq,

Inc.

(4,771)

(301,050)

Natera,

Inc.

(2,827)

(258,557)

nCino,

Inc.

(5,152)

(192,582)

Neogen

Corp.

(18,534)

(292,467)

Nestle

SA

(Registered)

(2)

(14,648)

(1,556,348)

Netflix,

Inc.

(813)

(493,759)

New

Fortress

Energy,

Inc.

(3,498)

(107,004)

New

Jersey

Resources

Corp.

(5,541)

(237,764)

New

York

Times

Co.

(The),

Class

A

(1,179)

(50,956)

Newell

Brands,

Inc.

(59,949)

(481,390)

Newmont

Corp.

(36,329)

(1,302,030)

News

Corp.,

Class

A

(4,916)

(128,701)

NextEra

Energy,

Inc.

(19,926)

(1,273,470)

NIKE,

Inc.,

Class

B

(7,538)

(708,421)

NiSource,

Inc.

(10,637)

(294,219)

Nordson

Corp.

(864)

(237,203)

Norfolk

Southern

Corp.

(2,250)

(573,458)

Northrop

Grumman

Corp.

(975)

(466,694)

Norwegian

Cruise

Line

Holdings

Ltd.

(11,048)

(231,235)

Novanta,

Inc.

(2,040)

(356,531)

Novocure

Ltd.

(24,166)

(377,715)

NRG

Energy,

Inc.

(4,289)

(290,322)

NVIDIA

Corp.

(190)

(171,676)

Occidental

Petroleum

Corp.

(11,094)

(720,999)

Okta,

Inc.,

Class

A

(2,359)

(246,799)

Old

Dominion

Freight

Line,

Inc.

(1,102)

(241,680)

Ollie's

Bargain

Outlet

Holdings,

Inc.

(1,320)

(105,032)

Omnicom

Group,

Inc.

(1,521)

(147,172)

ONE

Gas,

Inc.

(1,973)

(127,318)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(92.5)%

(continued)

ONEOK,

Inc.

(6,196)

(496,733)

Onto

Innovation,

Inc.

(1,266)

(229,247)

Option

Care

Health,

Inc.

(7,813)

(262,048)

Oracle

Corp.

(1,448)

(181,883)

Ormat

Technologies,

Inc.

(5,696)

(377,018)

Otis

Worldwide

Corp.

(1,498)

(148,706)

Palo

Alto

Networks,

Inc.

(532)

(151,157)

Paramount

Global,

Class

B

(27,148)

(319,532)

Parker-Hannifin

Corp.

(405)

(225,095)

Paycom

Software,

Inc.

(832)

(165,576)

Paycor

HCM,

Inc.

(17,102)

(332,463)

Paylocity

Holding

Corp.

(1,809)

(310,895)

Peloton

Interactive,

Inc.,

Class

A

(92,590)

(396,748)

Penn

Entertainment,

Inc.

(20,880)

(380,225)

Penumbra,

Inc.

(2,267)

(505,949)

Permian

Resources

Corp.,

Class

A

(31,732)

(560,387)

Perrigo

Co.

plc

(7,212)

(232,154)

Pfizer,

Inc.

(51,726)

(1,435,396)

PG&E

Corp.

(26,052)

(436,632)

Philip

Morris

International,

Inc.

(10,390)

(951,932)

Phinia,

Inc.

(12,762)

(490,444)

Pinterest,

Inc.,

Class

A

(2,194)

(76,066)

Planet

Fitness,

Inc.,

Class

A

(3,815)

(238,933)

Plug

Power,

Inc.

(55,116)

(189,599)

PNC

Financial

Services

Group,

Inc.

(The)

(1,894)

(306,070)

PNM

Resources,

Inc.

(2,029)

(76,372)

Pool

Corp.

(536)

(216,276)

Portland

General

Electric

Co.

(4,328)

(181,776)

Power

Integrations,

Inc.

(2,820)

(201,771)

PPL

Corp.

(12,755)

(351,145)

Primerica,

Inc.

(712)

(180,108)

Principal

Financial

Group,

Inc.

(6,122)

(528,390)

Procore

Technologies,

Inc.

(1,731)

(142,236)

Progressive

Corp.

(The)

(1,528)

(316,021)

Progyny,

Inc.

(2,594)

(98,961)

Prosperity

Bancshares,

Inc.

(4,042)

(265,883)

PTC,

Inc.

(674)

(127,346)

Public

Service

Enterprise

Group,

Inc.

(6,371)

(425,455)

Quanta

Services,

Inc.

(671)

(174,326)

QuantumScape

Corp.

(28,355)

(178,353)

Quest

Diagnostics,

Inc.

(4,288)

(570,776)

Range

Resources

Corp.

(17,389)

(598,703)

Raymond

James

Financial,

Inc.

(295)

(37,884)

RBC

Bearings,

Inc.

(1,541)

(416,609)

Repligen

Corp.

(3,941)

(724,829)

Republic

Services,

Inc.,

Class

A

(863)

(165,213)

ResMed,

Inc.

(1,755)

(347,543)

Revvity,

Inc.

(2,641)

(277,305)

RH

(1,450)

(504,977)

Rivian

Automotive,

Inc.,

Class

A

(20,675)

(226,391)

RLI

Corp.

(2,336)

(346,826)

Robinhood

Markets,

Inc.,

Class

A

(2,474)

(49,802)

ROBLOX

Corp.,

Class

A

(8,033)

(306,700)

Rockwell

Automation,

Inc.

(1,042)

(303,566)

Roivant

Sciences

Ltd.

(11,931)

(125,753)

Roku,

Inc.,

Class

A

(1,719)

(112,027)

Rollins,

Inc.

(4,596)

(212,657)

Ross

Stores,

Inc.

(1,533)

(224,983)

18

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(92.5)%

(continued)

Royal

Gold,

Inc.

(3,510)

(427,553)

Royalty

Pharma

plc,

Class

A

(7,862)

(238,769)

RTX

Corp.

(1,343)

(130,983)

Ryan

Specialty

Holdings,

Inc.,

Class

A

(7,451)

(413,531)

S&P

Global,

Inc.

(776)

(330,149)

Saia,

Inc.

(214)

(125,190)

Schlumberger

NV

(15,363)

(842,046)

Schneider

Electric

SE

(2)

(1,763)

(398,573)

Scotts

Miracle-Gro

Co.

(The)

(3,768)

(281,055)

Sealed

Air

Corp.

(10,574)

(393,353)

Selective

Insurance

Group,

Inc.

(553)

(60,371)

Sempra

(4,282)

(307,576)

Sensata

Technologies

Holding

plc

(2,256)

(82,885)

SentinelOne,

Inc.,

Class

A

(8,386)

(195,478)

Service

Corp.

International

(4,152)

(308,120)

ServiceNow,

Inc.

(183)

(139,519)

Sherwin-Williams

Co.

(The)

(536)

(186,169)

Shift4

Payments,

Inc.,

Class

A

(1,870)

(123,551)

Shockwave

Medical,

Inc.

(1,960)

(638,235)

Silicon

Laboratories,

Inc.

(4,224)

(607,073)

SiteOne

Landscape

Supply,

Inc.

(1,293)

(225,693)

SLM

Corp.

(3,491)

(76,069)

Smartsheet,

Inc.,

Class

A

(2,592)

(99,792)

Snap,

Inc.,

Class

A

(67,882)

(779,285)

Snowflake,

Inc.,

Class

A

(483)

(78,053)

SoFi

Technologies,

Inc.

(104,935)

(766,026)

Sonoco

Products

Co.

(5,394)

(311,989)

Sotera

Health

Co.

(35,842)

(430,462)

Southern

Co.

(The)

(12,467)

(894,383)

SouthState

Corp.

(2,892)

(245,907)

Southwest

Airlines

Co.

(25,102)

(732,727)

Southwest

Gas

Holdings,

Inc.

(6,635)

(505,123)

Spectrum

Brands

Holdings,

Inc.

(551)

(49,045)

Spire,

Inc.

(5,367)

(329,373)

Spirit

AeroSystems

Holdings,

Inc.,

Class

A

(5,386)

(194,273)

Stanley

Black

&

Decker,

Inc.

(4,172)

(408,564)

Starbucks

Corp.

(2,939)

(268,595)

Stericycle,

Inc.

(2,339)

(123,382)

Sunrun,

Inc.

(11,446)

(150,858)

Synovus

Financial

Corp.

(924)

(37,015)

Sysco

Corp.

(3,082)

(250,197)

Take-Two

Interactive

Software,

Inc.

(5,769)

(856,639)

Tandem

Diabetes

Care,

Inc.

(22,721)

(804,551)

Targa

Resources

Corp.

(3,079)

(344,817)

Teledyne

Technologies,

Inc.

(666)

(285,927)

Tempur

Sealy

International,

Inc.

(12,972)

(737,069)

Tesla,

Inc.

(9,105)

(1,600,567)

Texas

Capital

Bancshares,

Inc.

(7,115)

(437,928)

Texas

Instruments,

Inc.

(3,987)

(694,575)

TJX

Cos.,

Inc.

(The)

(3,764)

(381,745)

T-Mobile

US,

Inc.

(3,756)

(613,054)

Toast,

Inc.,

Class

A

(7,584)

(188,993)

TopBuild

Corp.

(1,135)

(500,229)

Topgolf

Callaway

Brands

Corp.

(4,496)

(72,700)

Toro

Co.

(The)

(6,696)

(613,554)

TPG,

Inc.

(4,943)

(220,952)

Tractor

Supply

Co.

(1,171)

(306,474)

Trade

Desk,

Inc.

(The),

Class

A

(4,073)

(356,062)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(92.5)%

(continued)

Tradeweb

Markets,

Inc.,

Class

A

(1,510)

(157,297)

Trane

Technologies

plc

(1,416)

(425,083)

TransDigm

Group,

Inc.

(212)

(261,099)

TransUnion

(453)

(36,149)

Trimble,

Inc.

(8,035)

(517,133)

Truist

Financial

Corp.

(22,539)

(878,570)

Twilio,

Inc.,

Class

A

(1,778)

(108,725)

Tyler

Technologies,

Inc.

(114)

(48,451)

Uber

Technologies,

Inc.

(6,978)

(537,236)

Ubiquiti,

Inc.

(1,755)

(203,317)

UGI

Corp.

(14,196)

(348,370)

Ulta

Beauty,

Inc.

(652)

(340,918)

Ultragenyx

Pharmaceutical,

Inc.

(8,335)

(389,161)

UMB

Financial

Corp.

(1,933)

(168,152)

Under

Armour,

Inc.,

Class

A

(35,448)

(261,606)

Union

Pacific

Corp.

(1,249)

(307,167)

United

Bankshares,

Inc.

(5,216)

(186,681)

United

Parcel

Service,

Inc.,

Class

B

(8,660)

(1,287,135)

UnitedHealth

Group,

Inc.

(1,564)

(773,711)

Unity

Software,

Inc.

(12,976)

(346,459)

US

Bancorp

(6,234)

(278,660)

Vail

Resorts,

Inc.

(639)

(142,388)

Valaris

Ltd.

(8,247)

(620,669)

Valmont

Industries,

Inc.

(742)

(169,384)

Valvoline,

Inc.

(13,189)

(587,834)

Vertiv

Holdings

Co.,

Class

A

(2,538)

(207,278)

VF

Corp.

(42,215)

(647,578)

Virtu

Financial,

Inc.,

Class

A

(9,316)

(191,164)

Visa,

Inc.,

Class

A

(2,885)

(805,146)

Visteon

Corp.

(2,802)

(329,543)

Voya

Financial,

Inc.

(3,888)

(287,401)

Walt

Disney

Co.

(The)

(2,232)

(273,108)

Waste

Management,

Inc.

(1,894)

(403,706)

Waters

Corp.

(625)

(215,144)

Watsco,

Inc.

(458)

(197,842)

Weatherford

International

plc

(3,857)

(445,175)

Webster

Financial

Corp.

(2,503)

(127,077)

WEC

Energy

Group,

Inc.

(8,313)

(682,664)

Wells

Fargo

&

Co.

(2,871)

(166,403)

Wendy's

Co.

(The)

(8,841)

(166,564)

West

Pharmaceutical

Services,

Inc.

(644)

(254,837)

Western

Alliance

Bancorp

(2,253)

(144,620)

Western

Digital

Corp.

(6,382)

(435,508)

WEX,

Inc.

(914)

(217,102)

Whirlpool

Corp.

(3,868)

(462,729)

White

Mountains

Insurance

Group

Ltd.

(226)

(405,512)

Williams

Cos.,

Inc.

(The)

(9,513)

(370,722)

Willis

Towers

Watson

plc

(618)

(169,950)

WillScot

Mobile

Mini

Holdings

Corp.

(7,094)

(329,871)

Wingstop,

Inc.

(516)

(189,062)

Wolfspeed,

Inc.

(32,890)

(970,255)

WW

Grainger,

Inc.

(109)

(110,886)

Wynn

Resorts

Ltd.

(3,643)

(372,424)

XPO,

Inc.

(6,663)

(813,086)

Xylem,

Inc.

(3,512)

(453,891)

Yum!

Brands,

Inc.

(257)

(35,633)

Zebra

Technologies

Corp.,

Class

A

(2,240)

(675,226)

Zillow

Group,

Inc.,

Class

C

(9,283)

(452,825)

Zoetis,

Inc.,

Class

A

(1,252)

(211,851)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

19

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(92.5)%

(continued)

ZoomInfo

Technologies,

Inc.,

Class

A

(13,003)

(208,438)

Zscaler,

Inc.

(855)

(164,699)

(198,194,662)

Zambia

-

(0.3)%

First

Quantum

Minerals

Ltd.

(50,756)

(545,574)

TOTAL

COMMON

STOCKS

(Proceeds

$(382,537,264))

(352,284,188)

PREFERRED

STOCKS

-

(1.2)%

Germany

-

(1.2)%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(b)

(8,639)

(859,217)

Sartorius

AG

(Preference)

(2)

(2,783)

(1,105,158)

Volkswagen

AG

(Preference)

(2)

(4,510)

(598,135)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(2,538,197))

(2,562,510)

NO.

OF

WARRANTS

WARRANTS

-

(0.0)%

†

Canada

-

(0.0)%

†

Cenovus

Energy,

Inc.,

expiring

1/1/2026

(Proceeds

$–)

(674)

(10,205)

TOTAL

SHORT

POSITIONS

(Proceeds

$(385,075,461))

(354,856,903)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

84.9%

(Cost

$32,148,190)

181,667,442

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

15.1%

‡

32,254,384

NET

ASSETS

-

100.0%

213,921,826

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

60,878

0.0

%

†

Consumer

Discretionary

(2,492,193)

(1.2)

Consumer

Staples

(1,369,655)

(0.6)

Energy

31,764

0.0

†

Financials

23,803,948

11.1

Health

Care

(119,587)

0.0

†

Industrials

20,777,681

9.7

Information

Technology

14,561,982

6.8

Materials

(2,937,653)

(1.4)

Real

Estate

(2,850,074)

(1.3)

Utilities

(13,295,547)

(6.2)

Investment

Companies

120,805,657

56.5

U.S.

Treasury

Obligations

24,690,241

11.5

Total

Investments

In

Securities

At

Value

181,667,442

84.9

Other

Assets

in

Excess

of

Liabilities

‡

32,254,384

15.1

Net

Assets

$

213,921,826

100.0%

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation/(depreciation)

on

forward

foreign

currency

exchange,

futures

and

swap

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$378,138,918,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

In

addition,

$7,395,011

of

cash

collateral

was

also

pledged.

(b)

Securities

exempt

from

registration

under

Rule

144A

or

section

4(2),

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$(3,211,102),

which

represents

(1.50)%

of

net

assets

of

the

Fund.

(c)

All

or

a

portion

of

this

security

has

been

rehypothecated

in

connection

with

the

Fund's

Master

Securities

Loan

Agreement

with

State

Street

Bank

and

Trust

Company.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$85,621,720.

(d)

Represents

7-day

effective

yield

as

of

March

31,

2024.

(e)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts.

(f)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(g)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

(h)

Security

exempt

from

registration

pursuant

to

Regulation

S

under

the

Securities

Act

of

1933.

Regulation

S

applies

to

securities

offerings

that

are

made

outside

of

the

United

States

and

do

not

involve

direct

selling

efforts

in

the

United

States.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$(5,948),

which

represents

(0.00)%

of

net

assets

of

the

Fund.

20

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

(3)

Security

fair

valued

using

significant

unobservable

inputs

(Level

3)

in

accordance

with

procedures

approved

by

the

Board

of

Trustees.

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2024:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.50%

Semi

6/21/2034

CAD

2,500,000

$

10,574

$

341

$

10,915

Pay

1D

CORRA

Semi

3.50%

Semi

9/20/2034

CAD

8,500,000

69,304

(14,273)

55,031

Pay

1D

SARON

Annual

1.00%

Annual

6/17/2026

CHF

600,000

(324)

331

7

Pay

1D

SARON

Annual

1.00%

Annual

9/16/2026

CHF

92,900,000

37,870

34,334

72,204

Pay

1D

SOFR

Annual

4.00%

Annual

6/21/2034

USD

7,200,000

112,873

1,045

113,918

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2034

USD

18,400,000

356,271

16,225

372,496

Pay

1D

TONAR

Annual

0.50%

Annual

6/17/2026

JPY

4,022,300,000

99,758

(11,762)

87,996

Pay

1D

TONAR

Annual

0.50%

Annual

9/16/2026

JPY

10,377,900,000

140,696

21,370

162,066

Pay

6M

BBR

Semi

5.00%

Semi

6/08/2034

AUD

5,900,000

106,974

138,725

245,699

Pay

6M

BBR

Semi

4.50%

Semi

6/08/2034

AUD

9,200,000

23,827

114,304

138,131

Pay

6M

BBR

Semi

4.50%

Semi

9/07/2034

AUD

17,300,000

116,594

137,668

254,262

Receive

1D

CORRA

Semi

4.00%

Semi

6/17/2026

CAD

3,300,000

1,527

62

1,589

Receive

1D

CORRA

Semi

3.50%

Semi

6/17/2026

CAD

9,300,000

40,481

19,439

59,920

Receive

1D

SOFR

Annual

4.00%

Annual

9/16/2026

USD

78,600,000

50,036

175,292

225,328

Receive

1D

SONIA

Annual

4.00%

Annual

6/17/2026

GBP

7,900,000

47,823

(7,888)

39,935

Receive

1D

SONIA

Annual

3.50%

Annual

9/20/2034

GBP

10,700,000

129,818

(38,001)

91,817

Receive

3M

STIBOR

Qtrly

2.50%

Annual

6/17/2026

SEK

235,000,000

55,748

171,235

226,983

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/17/2026

SEK

133,800,000

(13,259)

24,244

10,985

Receive

6M

EURIBOR

Semi

2.50%

Annual

6/17/2026

EUR

58,200,000

148,120

395,570

543,690

1,534,711

1,178,261

2,712,972

Pay

1D

SOFR

Annual

4.00%

Annual

6/17/2026

USD

18,300,000

(9,292)

(111,555)

(120,847)

Pay

1D

SONIA

Annual

4.00%

Annual

9/16/2026

GBP

62,500,000

(259,646)

222,550

(37,096)

Pay

1D

SONIA

Annual

3.50%

Annual

6/21/2034

GBP

4,800,000

(109,474)

50,873

(58,601)

Pay

6M

BBR

Semi

4.00%

Semi

6/08/2034

AUD

700,000

(9,055)

924

(8,131)

Pay

6M

EURIBOR

Semi

2.50%

Annual

6/21/2034

EUR

25,100,000

(310,340)

186,922

(123,418)

Pay

6M

EURIBOR

Semi

2.50%

Annual

9/20/2034

EUR

12,100,000

(139,068)

116,869

(22,199)

Pay

6M

NIBOR

Semi

4.00%

Annual

6/17/2026

NOK

14,500,000

(7,214)

239

(6,975)

Pay

6M

NIBOR

Semi

4.00%

Annual

9/16/2026

NOK

87,000,000

(22,770)

5,531

(17,239)

Receive

1D

CORRA

Semi

4.00%

Semi

9/16/2026

CAD

22,100,000

(49,642)

(8,473)

(58,115)

Receive

1D

TONAR

Annual

1.00%

Annual

6/21/2034

JPY

750,700,000

(10,663)

(53,551)

(64,214)

Receive

1D

TONAR

Annual

1.00%

Annual

9/20/2034

JPY

1,727,800,000

(68,505)

(41,172)

(109,677)

Receive

3M

BBR

Qtrly

4.00%

Qtrly

6/11/2026

AUD

72,000,000

(133,757)

(8,036)

(141,793)

Receive

3M

BBR

Qtrly

4.00%

Qtrly

9/10/2026

AUD

62,700,000

(126,742)

(62,521)

(189,263)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/16/2026

NZD

3,700,000

(631)

(2,834)

(3,465)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/16/2026

SEK

250,200,000

(55,194)

270

(54,924)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/17/2026

EUR

88,300,000

(43,159)

3,598

(39,561)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/16/2026

EUR

76,100,000

(308,401)

(16,215)

(324,616)

(1,663,553)

283,419

(1,380,134)

$

(128,842)

$

1,461,680

$

1,332,838

Abbreviations:

1D:

1

Day

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

21

(Continued)

(a)

Floating

rate

indices

at

March

31,

2024

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

5.05%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

5.34%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

5.19%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

1.46%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.08%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.34%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

4.03%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.50%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

3.85%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.87%

Total

return

swap

contracts

outstanding

as

of

March

31,

2024

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

KOSPI

200

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MSCS

06/13/2024

KRW

469,625,000

$

11,301

KOSPI

200

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

06/13/2024

KRW

1,127,100,000

31,461

Swiss

Market

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

Monthly

MLIN

06/21/2024

CHF

14,311,050

85,265

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/17/2024

TWD

250,504,800

134,912

WIG20

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/21/2024

PLN

145,800

542

Total

unrealized

appreciation

263,481

Amsterdam

Exchange

Index

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

MSCS

04/19/2024

EUR

(8,656,144)

(218,660)

DTOP

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

MLIN

06/20/2024

ZAR

(1,155,150)

(1,641)

HSCEI

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

MLIN

04/29/2024

HKD

(7,267,500)

(3,073)

iBovespa

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MSCS

04/17/2024

BRL

35,160,762

(91,861)

Total

unrealized

depreciation

(315,235)

Net

unrealized

depreciation

$

(51,754)

22

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

Futures

contracts

outstanding

as

of

March

31,

2024:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

395

4/2024

USD

$

34,365,000

$

859,637

FTSE

Bursa

Malaysia

KLCI

Index

6

4/2024

MYR

97,169

(232)

IBEX

35

Index

153

4/2024

EUR

18,267,803

939,651

LME

Aluminum

Base

Metal

1

4/2024

USD

57,673

3,315

LME

Aluminum

Base

Metal

1

4/2024

USD

57,673

3,564

LME

Aluminum

Base

Metal

2

4/2024

USD

115,487

2,570

LME

Aluminum

Base

Metal

2

4/2024

USD

115,446

3,227

LME

Aluminum

Base

Metal

3

4/2024

USD

173,492

2,469

LME

Aluminum

Base

Metal

3

4/2024

USD

172,432

4,010

LME

Aluminum

Base

Metal

3

4/2024

USD

173,200

5,820

LME

Aluminum

Base

Metal

3

4/2024

USD

173,436

4,370

LME

Aluminum

Base

Metal

3

4/2024

USD

173,019

9,007

LME

Aluminum

Base

Metal

4

4/2024

USD

230,247

8,235

LME

Aluminum

Base

Metal

5

4/2024

USD

288,459

18,476

LME

Aluminum

Base

Metal

5

4/2024

USD

287,486

6,840

LME

Aluminum

Base

Metal

5

4/2024

USD

287,698

7,358

LME

Aluminum

Base

Metal

7

4/2024

USD

401,921

5,700

LME

Copper

Base

Metal

1

4/2024

USD

219,877

10,887

LME

Copper

Base

Metal

1

4/2024

USD

219,752

10,562

LME

Copper

Base

Metal

2

4/2024

USD

439,027

19,880

LME

Copper

Base

Metal

2

4/2024

USD

438,947

18,002

LME

Copper

Base

Metal

2

4/2024

USD

439,969

11,419

LME

Copper

Base

Metal

2

4/2024

USD

439,392

23,780

LME

Copper

Base

Metal

2

4/2024

USD

440,325

8,527

LME

Copper

Base

Metal

3

4/2024

USD

658,073

28,384

LME

Copper

Base

Metal

3

4/2024

USD

660,380

23,247

LME

Copper

Base

Metal

3

4/2024

USD

657,733

24,926

LME

Copper

Base

Metal

4

4/2024

USD

877,583

37,370

LME

Copper

Base

Metal

4

4/2024

USD

876,826

28,374

LME

Copper

Base

Metal

6

4/2024

USD

1,320,119

37,814

LME

Nickel

Base

Metal

1

4/2024

USD

99,707

(191)

LME

Nickel

Base

Metal

1

4/2024

USD

99,723

(792)

LME

Nickel

Base

Metal

1

4/2024

USD

99,785

1,562

LME

Nickel

Base

Metal

1

4/2024

USD

99,515

1,250

LME

Nickel

Base

Metal

1

4/2024

USD

99,598

2,934

LME

Nickel

Base

Metal

2

4/2024

USD

199,002

2,646

LME

Nickel

Base

Metal

2

4/2024

USD

199,227

4,735

LME

Nickel

Base

Metal

2

4/2024

USD

198,948

4,110

LME

Zinc

Base

Metal

1

4/2024

USD

59,885

(3,874)

LME

Zinc

Base

Metal

1

4/2024

USD

60,108

(1,064)

LME

Zinc

Base

Metal

1

4/2024

USD

59,938

(2,819)

LME

Zinc

Base

Metal

1

4/2024

USD

60,123

(2,030)

LME

Zinc

Base

Metal

1

4/2024

USD

60,161

(1,017)

LME

Zinc

Base

Metal

2

4/2024

USD

120,396

(9,135)

LME

Zinc

Base

Metal

3

4/2024

USD

179,971

(9,293)

LME

Zinc

Base

Metal

5

4/2024

USD

300,460

(12,305)

LME

Zinc

Base

Metal

5

4/2024

USD

300,040

(12,619)

RBOB

Gasoline

83

4/2024

USD

9,484,012

100,828

SGX

FTSE

China

A50

Index

159

4/2024

USD

1,927,080

(7,825)

SGX

FTSE

Taiwan

Index

26

4/2024

USD

1,794,000

688

Sugar

No.

11

13

4/2024

USD

327,891

11,403

Cocoa

3

5/2024

USD

292,980

150,210

Cocoa

6

5/2024

GBP

626,733

271,620

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

23

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

Coffee

'C'

6

5/2024

USD

$

424,913

$

5,170

Corn

11

5/2024

USD

243,100

1,807

Cotton

No.

2

7

5/2024

USD

319,830

(12,398)

LME

Aluminum

Base

Metal

1

5/2024

USD

58,012

2,350

LME

Aluminum

Base

Metal

2

5/2024

USD

116,049

4,606

LME

Aluminum

Base

Metal

2

5/2024

USD

115,999

4,937

LME

Aluminum

Base

Metal

3

5/2024

USD

173,549

4,606

LME

Aluminum

Base

Metal

3

5/2024

USD

174,092

5,099

LME

Aluminum

Base

Metal

3

5/2024

USD

173,811

6,292

LME

Aluminum

Base

Metal

3

5/2024

USD

173,849

7,677

LME

Aluminum

Base

Metal

4

5/2024

USD

232,098

9,586

LME

Aluminum

Base

Metal

5

5/2024

USD

290,185

13,183

LME

Aluminum

Base

Metal

9

5/2024

USD

521,330

21,296

LME

Aluminum

Base

Metal

10

5/2024

USD

581,043

33,288

LME

Copper

Base

Metal

1

5/2024

USD

220,664

14,136

LME

Copper

Base

Metal

1

5/2024

USD

220,664

10,102

LME

Copper

Base

Metal

1

5/2024

USD

220,796

6,643

LME

Copper

Base

Metal

1

5/2024

USD

220,611

15,352

LME

Copper

Base

Metal

2

5/2024

USD

441,542

13,581

LME

Copper

Base

Metal

2

5/2024

USD

440,467

15,087

LME

Copper

Base

Metal

3

5/2024

USD

661,511

36,528

LME

Copper

Base

Metal

5

5/2024

USD

1,105,239

45,326

LME

Copper

Base

Metal

6

5/2024

USD

1,322,894

64,340

LME

Nickel

Base

Metal

1

5/2024

USD

99,962

1,629

LME

Nickel

Base

Metal

1

5/2024

USD

99,997

1,754

LME

Nickel

Base

Metal

1

5/2024

USD

99,895

3,034

LME

Nickel

Base

Metal

1

5/2024

USD

99,973

1,086

LME

Nickel

Base

Metal

1

5/2024

USD

100,117

(294)

LME

Nickel

Base

Metal

1

5/2024

USD

100,123

(3,214)

LME

Nickel

Base

Metal

1

5/2024

USD

99,952

3,901

LME

Nickel

Base

Metal

1

5/2024

USD

99,801

2,718

LME

Nickel

Base

Metal

3

5/2024

USD

300,822

(11,272)

LME

Zinc

Base

Metal

1

5/2024

USD

60,517

1,983

LME

Zinc

Base

Metal

1

5/2024

USD

60,411

2,558

LME

Zinc

Base

Metal

1

5/2024

USD

60,556

491

LME

Zinc

Base

Metal

1

5/2024

USD

60,565

625

LME

Zinc

Base

Metal

1

5/2024

USD

60,480

1,202

LME

Zinc

Base

Metal

2

5/2024

USD

120,964

4,308

LME

Zinc

Base

Metal

2

5/2024

USD

120,785

1,179

LME

Zinc

Base

Metal

2

5/2024

USD

120,999

5,575

LME

Zinc

Base

Metal

3

5/2024

USD

181,124

(341)

Low

Sulphur

Gasoil

15

5/2024

USD

1,212,000

3,199

Silver

2

5/2024

USD

249,160

19,026

Australia

10

Year

Bond

525

6/2024

AUD

39,821,057

(74,384)

DJIA

CBOT

E-Mini

Index

3

6/2024

USD

602,640

6,539

Euro

STOXX

50

Index

708

6/2024

EUR

38,535,012

1,051,050

FTSE

100

Index

103

6/2024

GBP

10,384,516

280,312

FTSE/MIB

Index

128

6/2024

EUR

23,621,464

741,847

KOSPI

200

Index

7

6/2024

KRW

488,375

(2,399)

Lean

Hogs

5

6/2024

USD

202,900

114

Live

Cattle

4

6/2024

USD

288,400

(7,041)

LME

Aluminum

Base

Metal

2

6/2024

USD

116,850

2,565

LME

Aluminum

Base

Metal

2

6/2024

USD

116,726

2,758

LME

Aluminum

Base

Metal

3

6/2024

USD

174,911

5,326

LME

Aluminum

Base

Metal

3

6/2024

USD

174,873

6,310

LME

Aluminum

Base

Metal

3

6/2024

USD

174,723

5,682

24

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Aluminum

Base

Metal

3

6/2024

USD

$

175,275

$

1,702

LME

Aluminum

Base

Metal

4

6/2024

USD

233,664

1,758

LME

Aluminum

Base

Metal

4

6/2024

USD

232,855

9,539

LME

Aluminum

Base

Metal

5

6/2024

USD

292,103

2,613

LME

Aluminum

Base

Metal

11

6/2024

USD

641,957

9,822

LME

Aluminum

Base

Metal

40

6/2024

USD

2,334,640

50,563

LME

Copper

Base

Metal

1

6/2024

USD

221,239

5,358

LME

Copper

Base

Metal

1

6/2024

USD

221,477

(1,575)

LME

Copper

Base

Metal

1

6/2024

USD

221,497

(3,032)

LME

Copper

Base

Metal

1

6/2024

USD

221,392

6,015

LME

Copper

Base

Metal

4

6/2024

USD

885,931

7,664

LME

Nickel

Base

Metal

1

6/2024

USD

100,442

(8,353)

LME

Nickel

Base

Metal

1

6/2024

USD

100,442

(8,770)

LME

Nickel

Base

Metal

1

6/2024

USD

100,428

(4,839)

LME

Nickel

Base

Metal

1

6/2024

USD

100,435

(4,448)

LME

Nickel

Base

Metal

1

6/2024

USD

100,466

(2,061)

LME

Nickel

Base

Metal

1

6/2024

USD

100,400

(6,492)

LME

Zinc

Base

Metal

1

6/2024

USD

60,737

(2,488)

LME

Zinc

Base

Metal

1

6/2024

USD

60,886

(1,795)

LME

Zinc

Base

Metal

2

6/2024

USD

121,588

(5,863)

LME

Zinc

Base

Metal

2

6/2024

USD

121,616

(6,433)

LME

Zinc

Base

Metal

3

6/2024

USD

182,869

(3,829)

LME

Zinc

Base

Metal

5

6/2024

USD

303,540

(3,895)

LME

Zinc

Base

Metal

5

6/2024

USD

304,490

(8,447)

LME

Zinc

Base

Metal

13

6/2024

USD

791,430

(27,240)

Long

Gilt

194

6/2024

GBP

24,431,841

365,661

MSCI

EAFE

E-Mini

Index

10

6/2024

USD

1,178,550

13,111

MSCI

Emerging

Markets

E-Mini

Index

29

6/2024

USD

1,521,050

(1,566)

NASDAQ

100

E-Mini

Index

1

6/2024

USD

369,500

(1,852)

S&P

Midcap

400

E-Mini

Index

2

6/2024

USD

615,480

19,348

TOPIX

Index

100

6/2024

JPY

18,162,901

367,699

U.S.

Treasury

10

Year

Note

11

6/2024

USD

1,217,906

(7,401)

Aluminum

1

7/2024

USD

58,188

787

Cocoa

2

7/2024

GBP

195,002

2,747

3

Month

SARON

4

12/2024

CHF

1,096,856

734

3

Month

SONIA

2

12/2024

GBP

601,541

297

3

Month

SARON

4

3/2025

CHF

1,098,243

1,146

3

Month

SARON

4

6/2025

CHF

1,098,686

530

3

Month

SARON

3

9/2025

CHF

823,931

(235)

Total

of

long

contracts

5,799,111

Short

Contracts

CAC

40

10

Euro

Index

(141)

4/2024

EUR

(12,509,411)

(127,382)

Hang

Seng

Index

(30)

4/2024

HKD

(3,175,587)

604

HSCEI

(48)

4/2024

HKD

(1,782,775)

(8,447)

IFSC

NIFTY

50

Index

(29)

4/2024

USD

(1,303,927)

(13,198)

LME

Aluminum

Base

Metal

(1)

4/2024

USD

(57,673)

(3,517)

LME

Aluminum

Base

Metal

(1)

4/2024

USD

(57,673)

(3,338)

LME

Aluminum

Base

Metal

(2)

4/2024

USD

(115,487)

(2,990)

LME

Aluminum

Base

Metal

(2)

4/2024

USD

(115,446)

(2,627)

LME

Aluminum

Base

Metal

(3)

4/2024

USD

(172,432)

(3,799)

LME

Aluminum

Base

Metal

(3)

4/2024

USD

(173,200)

(5,715)

LME

Aluminum

Base

Metal

(3)

4/2024

USD

(173,436)

(4,356)

LME

Aluminum

Base

Metal

(3)

4/2024

USD

(173,492)

(2,891)

LME

Aluminum

Base

Metal

(3)

4/2024

USD

(173,019)

(8,815)

LME

Aluminum

Base

Metal

(4)

4/2024

USD

(230,247)

(7,569)

LME

Aluminum

Base

Metal

(5)

4/2024

USD

(287,698)

(7,835)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

25

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Aluminum

Base

Metal

(5)

4/2024

USD

$

(288,459)

$

(18,599)

LME

Aluminum

Base

Metal

(5)

4/2024

USD

(287,486)

(6,816)

LME

Aluminum

Base

Metal

(7)

4/2024

USD

(401,921)

(4,694)

LME

Copper

Base

Metal

(1)

4/2024

USD

(219,752)

(10,885)

LME

Copper

Base

Metal

(1)

4/2024

USD

(219,877)

(11,433)

LME

Copper

Base

Metal

(2)

4/2024

USD

(440,325)

(8,022)

LME

Copper

Base

Metal

(2)

4/2024

USD

(439,969)

(10,544)

LME

Copper

Base

Metal

(2)

4/2024

USD

(439,392)

(24,396)

LME

Copper

Base

Metal

(2)

4/2024

USD

(439,027)

(19,693)

LME

Copper

Base

Metal

(2)

4/2024

USD

(438,947)

(18,403)

LME

Copper

Base

Metal

(3)

4/2024

USD

(658,073)

(27,471)

LME

Copper

Base

Metal

(3)

4/2024

USD

(660,380)

(21,271)

LME

Copper

Base

Metal

(3)

4/2024

USD

(657,733)

(23,555)

LME

Copper

Base

Metal

(4)

4/2024

USD

(877,583)

(37,715)

LME

Copper

Base

Metal

(4)

4/2024

USD

(876,826)

(28,774)

LME

Copper

Base

Metal

(6)

4/2024

USD

(1,320,119)

(37,808)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,515)

(1,616)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,785)

(1,758)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,598)

(2,695)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,707)

190

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,723)

894

LME

Nickel

Base

Metal

(2)

4/2024

USD

(199,002)

(1,924)

LME

Nickel

Base

Metal

(2)

4/2024

USD

(198,948)

(4,184)

LME

Nickel

Base

Metal

(2)

4/2024

USD

(199,227)

(4,623)

LME

Zinc

Base

Metal

(1)

4/2024

USD

(59,938)

2,635

LME

Zinc

Base

Metal

(1)

4/2024

USD

(59,885)

3,625

LME

Zinc

Base

Metal

(1)

4/2024

USD

(60,108)

1,216

LME

Zinc

Base

Metal

(1)

4/2024

USD

(60,123)

1,560

LME

Zinc

Base

Metal

(1)

4/2024

USD

(60,161)

1,293

LME

Zinc

Base

Metal

(2)

4/2024

USD

(120,396)

9,711

LME

Zinc

Base

Metal

(3)

4/2024

USD

(179,971)

9,383

LME

Zinc

Base

Metal

(5)

4/2024

USD

(300,460)

10,542

LME

Zinc

Base

Metal

(5)

4/2024

USD

(300,040)

12,997

MSCI

Singapore

Index

(154)

4/2024

SGD

(3,317,230)

2,432

Natural

Gas

(71)

4/2024

USD

(1,251,730)

37,922

NY

Harbor

ULSD

(65)

4/2024

USD

(7,159,971)

122,403

OMXS30

Index

(118)

4/2024

SEK

(2,782,988)

(26,918)

WTI

Crude

Oil

(157)

4/2024

USD

(13,057,690)

(242,044)

Copper

(31)

5/2024

USD

(3,105,425)

(115,332)

KC

HRW

Wheat

(13)

5/2024

USD

(380,413)

8,156

LME

Aluminum

Base

Metal

(1)

5/2024

USD

(58,012)

(2,599)

LME

Aluminum

Base

Metal

(2)

5/2024

USD

(116,049)

(4,305)

LME

Aluminum

Base

Metal

(2)

5/2024

USD

(115,999)

(5,442)

LME

Aluminum

Base

Metal

(3)

5/2024

USD

(173,849)

(7,819)

LME

Aluminum

Base

Metal

(3)

5/2024

USD

(174,092)

(5,739)

LME

Aluminum

Base

Metal

(3)

5/2024

USD

(173,811)

(5,895)

LME

Aluminum

Base

Metal

(3)

5/2024

USD

(173,549)

(4,602)

LME

Aluminum

Base

Metal

(4)

5/2024

USD

(232,098)

(9,493)

LME

Aluminum

Base

Metal

(5)

5/2024

USD

(290,185)

(14,340)

LME

Aluminum

Base

Metal

(9)

5/2024

USD

(521,330)

(22,472)

LME

Aluminum

Base

Metal

(10)

5/2024

USD

(581,043)

(33,815)

LME

Copper

Base

Metal

(1)

5/2024

USD

(220,664)

(11,041)

LME

Copper

Base

Metal

(1)

5/2024

USD

(220,664)

(14,841)

LME

Copper

Base

Metal

(1)

5/2024

USD

(220,611)

(15,802)

LME

Copper

Base

Metal

(1)

5/2024

USD

(220,796)

(7,072)

LME

Copper

Base

Metal

(2)

5/2024

USD

(441,542)

(13,697)

26

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Copper

Base

Metal

(2)

5/2024

USD

$

(440,467)

$

(16,031)

LME

Copper

Base

Metal

(3)

5/2024

USD

(661,511)

(40,597)

LME

Copper

Base

Metal

(5)

5/2024

USD

(1,105,239)

(45,906)

LME

Copper

Base

Metal

(6)

5/2024

USD

(1,322,894)

(63,696)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(99,973)

(1,036)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(99,801)

(2,611)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(99,997)

(2,140)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(99,895)

(3,385)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(100,117)

(40)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(100,123)

3,026

LME

Nickel

Base

Metal

(1)

5/2024

USD

(99,952)

(3,985)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(99,962)

(1,928)

LME

Nickel

Base

Metal

(3)

5/2024

USD

(300,822)

10,809

LME

Zinc

Base

Metal

(1)

5/2024

USD

(60,556)

(565)

LME

Zinc

Base

Metal

(1)

5/2024

USD

(60,411)

(2,538)

LME

Zinc

Base

Metal

(1)

5/2024

USD

(60,565)

(614)

LME

Zinc

Base

Metal

(1)

5/2024

USD

(60,480)

(1,147)

LME

Zinc

Base

Metal

(1)

5/2024

USD

(60,517)

(1,892)

LME

Zinc

Base

Metal

(2)

5/2024

USD

(120,999)

(5,390)

LME

Zinc

Base

Metal

(2)

5/2024

USD

(120,964)

(5,244)

LME

Zinc

Base

Metal

(2)

5/2024

USD

(120,785)

(2,595)

LME

Zinc

Base

Metal

(3)

5/2024

USD

(181,124)

509

Soybean

(104)

5/2024

USD

(6,195,800)

(118,760)

Soybean

Meal

(19)

5/2024

USD

(641,630)

7,611

Soybean

Oil

(18)

5/2024

USD

(517,860)

(3,038)

Wheat

(26)

5/2024

USD

(728,325)

(5,215)

100

oz

Gold

(39)

6/2024

USD

(8,729,760)

(200,630)

Australia

3

Year

Bond

(22)

6/2024

AUD

(1,531,911)

(2,104)

Canada

10

Year

Bond

(479)

6/2024

CAD

(42,498,408)

(164,469)

DAX

Index

(34)

6/2024

EUR

(17,218,014)

(591,888)

Euro-Bobl

(9)

6/2024

EUR

(1,147,486)

(3,060)

Euro-BTP

(10)

6/2024

EUR

(1,281,782)

(7,273)

Euro-Bund

(189)

6/2024

EUR

(27,170,028)

(329,552)

Euro-Buxl

(5)

6/2024

EUR

(730,921)

(15,665)

Euro-OAT

(15)

6/2024

EUR

(2,071,877)

(7,606)

Euro-Schatz

(50)

6/2024

EUR

(5,700,374)

5,656

FTSE/JSE

Top

40

Index

(61)

6/2024

ZAR

(2,219,930)

(57,264)

Japan

10

Year

Bond

(7)

6/2024

JPY

(6,741,511)

(14,759)

LME

Aluminum

Base

Metal

(2)

6/2024

USD

(116,850)

(2,656)

LME

Aluminum

Base

Metal

(2)

6/2024

USD

(116,726)

(2,857)

LME

Aluminum

Base

Metal

(3)

6/2024

USD

(174,723)

(6,082)

LME

Aluminum

Base

Metal

(3)

6/2024

USD

(174,911)

(5,368)

LME

Aluminum

Base

Metal

(3)

6/2024

USD

(174,873)

(6,807)

LME

Aluminum

Base

Metal

(3)

6/2024

USD

(175,275)

(2,871)

LME

Aluminum

Base

Metal

(4)

6/2024

USD

(232,855)

(9,967)

LME

Aluminum

Base

Metal

(4)

6/2024

USD

(233,664)

(2,355)

LME

Aluminum

Base

Metal

(5)

6/2024

USD

(292,103)

(1,280)

LME

Aluminum

Base

Metal

(11)

6/2024

USD

(641,957)

(10,914)

LME

Aluminum

Base

Metal

(35)

6/2024

USD

(2,042,810)

(111,652)

LME

Copper

Base

Metal

(1)

6/2024

USD

(221,497)

3,376

LME

Copper

Base

Metal

(1)

6/2024

USD

(221,392)

(6,820)

LME

Copper

Base

Metal

(1)

6/2024

USD

(221,239)

(5,341)

LME

Copper

Base

Metal

(1)

6/2024

USD

(221,477)

996

LME

Copper

Base

Metal

(58)

6/2024

USD

(12,846,000)

(464,384)

LME

Nickel

Base

Metal

(1)

6/2024

USD

(100,466)

2,000

LME

Nickel

Base

Metal

(1)

6/2024

USD

(100,400)

7,297

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

27

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Nickel

Base

Metal

(1)

6/2024

USD

$

(100,428)

$

4,786

LME

Nickel

Base

Metal

(1)

6/2024

USD

(100,442)

8,215

LME

Nickel

Base

Metal

(1)

6/2024

USD

(100,435)

4,219

LME

Nickel

Base

Metal

(10)

6/2024

USD

(1,004,419)

48,277

LME

Zinc

Base

Metal

(1)

6/2024

USD

(60,886)

1,595

LME

Zinc

Base

Metal

(1)

6/2024

USD

(60,737)

2,711

LME

Zinc

Base

Metal

(2)

6/2024

USD

(121,616)

7,554

LME

Zinc

Base

Metal

(2)

6/2024

USD

(121,588)

5,157

LME

Zinc

Base

Metal

(3)

6/2024

USD

(182,869)

2,900

LME

Zinc

Base

Metal

(5)

6/2024

USD

(303,540)

4,883

LME

Zinc

Base

Metal

(5)

6/2024

USD

(304,490)

9,733

LME

Zinc

Base

Metal

(32)

6/2024

USD

(1,948,136)

11,677

MEX

BOLSA

Index

(3)

6/2024

MXN

(104,898)

(1,183)

Palladium

(3)

6/2024

USD

(306,450)

(14,058)

S&P

500

E-Mini

Index

(41)

6/2024

USD

(10,882,425)

(144,149)

S&P/TSX

60

Index

(192)

6/2024

CAD

(38,027,212)

(605,777)

SET50

Index

(217)

6/2024

THB

(991,167)

6,199

SPI

200

Index

(231)

6/2024

AUD

(29,921,829)

(717,272)

U.S.

Treasury

2

Year

Note

(78)

6/2024

USD

(15,946,734)

21,110

U.S.

Treasury

5

Year

Note

(83)

6/2024

USD

(8,877,758)

(8,453)

U.S.

Treasury

Long

Bond

(36)

6/2024

USD

(4,330,125)

(57,542)

U.S.

Treasury

Ultra

Bond

(22)

6/2024

USD

(2,831,813)

(59,106)

Platinum

(17)

7/2024

USD

(782,935)

(3,033)

3

Month

Euro

Euribor

(9)

9/2024

EUR

(2,346,822)

265

90-Day

Australian

Bank

Bill

(11)

9/2024

AUD

(7,095,542)

264

3

Month

CORRA

(27)

12/2024

CAD

(4,757,715)

4,954

3

Month

Euro

Euribor

(8)

12/2024

EUR

(2,092,214)

791

3

Month

SOFR

(20)

12/2024

USD

(4,756,000)

12,646

90-Day

Australian

Bank

Bill

(8)

12/2024

AUD

(5,162,410)

(83)

90-Day

New

Zealand

Bill

(1)

12/2024

NZD

(590,289)

(38)

3

Month

CORRA

(17)

3/2025

CAD

(3,004,540)

7,129

3

Month

Euro

Euribor

(9)

3/2025

EUR

(2,359,566)

1,140

3

Month

SOFR

(18)

3/2025

USD

(4,293,675)

13,999

3

Month

SONIA

(2)

3/2025

GBP

(603,402)

(891)

90-Day

Australian

Bank

Bill

(13)

3/2025

AUD

(8,391,991)

(925)

90-Day

New

Zealand

Bill

(2)

3/2025

NZD

(1,181,470)

(200)

3

Month

CORRA

(18)

6/2025

CAD

(3,189,417)

8,250

3

Month

Euro

Euribor

(8)

6/2025

EUR

(2,101,492)

531

3

Month

SOFR

(17)

6/2025

USD

(4,066,613)

9,519

3

Month

SONIA

(1)

6/2025

GBP

(302,506)

(551)

90-Day

Australian

Bank

Bill

(8)

6/2025

AUD

(5,165,690)

(1,055)

3

Month

CORRA

(17)

9/2025

CAD

(3,018,346)

5,211

3

Month

Euro

Euribor

(6)

9/2025

EUR

(1,578,223)

242

3

Month

SOFR

(12)

9/2025

USD

(2,877,600)

6,865

3

Month

SONIA

(2)

9/2025

GBP

(606,274)

(1,193)

3

Month

Euro

Euribor

(5)

12/2025

EUR

(1,316,332)

(644)

3

Month

SOFR

(12)

12/2025

USD

(2,883,150)

5,652

3

Month

SONIA

(2)

12/2025

GBP

(607,252)

(848)

3

Month

Euro

Euribor

(4)

3/2026

EUR

(1,053,605)

(554)

3

Month

SOFR

(12)

3/2026

USD

(2,886,900)

5,442

3

Month

SONIA

(1)

3/2026

GBP

(303,973)

(723)

3

Month

SOFR

(12)

6/2026

USD

(2,889,300)

2,204

3

Month

SONIA

(1)

6/2026

GBP

(304,210)

(729)

Total

of

short

contracts

(4,582,647)

Net

value

$

1,216,464

28

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

CAD

1,877,083

USD

1,383,020

CITI

6/20/2024

$

4,339

CAD

1,877,084

USD

1,383,014

JPMC

6/20/2024

4,346

COP

500,865,500

USD

125,112

CITI

**

6/20/2024

2,767

COP

500,865,500

USD

125,111

JPMC

**

6/20/2024

2,767

EUR

231,500

USD

250,430

CITI

6/20/2024

134

EUR

231,500

USD

250,429

JPMC

6/20/2024

135

HUF

127,458,687

USD

347,386

CITI

6/20/2024

226

HUF

127,458,687

USD

347,385

JPMC

6/20/2024

227

MXN

74,505,500

USD

4,316,135

CITI

6/20/2024

109,323

MXN

74,505,500

USD

4,316,113

JPMC

6/20/2024

109,344

PEN

837,500

USD

221,953

CITI

**

6/20/2024

2,864

PEN

837,500

USD

221,952

JPMC

**

6/20/2024

2,865

PLN

74,018

USD

18,490

CITI

6/20/2024

25

PLN

74,018

USD

18,490

JPMC

6/20/2024

26

USD

11,805,670

AUD

17,986,208

CITI

6/20/2024

58,637

USD

11,805,728

AUD

17,986,207

JPMC

6/20/2024

58,697

USD

389,944

BRL

1,962,251

CITI

**

6/20/2024

1,650

USD

389,946

BRL

1,962,251

JPMC

**

6/20/2024

1,651

USD

1,041,556

CAD

1,404,687

CITI

6/20/2024

3,347

USD

1,041,562

CAD

1,404,687

JPMC

6/20/2024

3,354

USD

25,297,394

CHF

22,051,892

CITI

6/20/2024

627,693

USD

25,297,521

CHF

22,051,892

JPMC

6/20/2024

627,819

USD

3,008,352

CNY

21,554,957

CITI

**

6/20/2024

29,313

USD

3,008,366

CNY

21,554,956

JPMC

**

6/20/2024

29,328

USD

1,613,212

CZK

37,649,000

CITI

6/20/2024

7,828

USD

1,613,220

CZK

37,649,000

JPMC

6/20/2024

7,836

USD

6,824,007

EUR

6,253,284

CITI

6/20/2024

55,766

USD

6,824,043

EUR

6,253,285

JPMC

6/20/2024

55,800

USD

5,028,860

GBP

3,953,000

CITI

6/20/2024

37,476

USD

5,028,885

GBP

3,953,000

JPMC

6/20/2024

37,501

USD

264,866

HKD

2,066,500

CITI

6/20/2024

234

USD

264,867

HKD

2,066,500

JPMC

6/20/2024

235

USD

636,781

IDR

10,005,151,000

CITI

**

6/20/2024

7,828

USD

636,785

IDR

10,005,151,000

JPMC

**

6/20/2024

7,831

USD

2,900,026

ILS

10,419,500

CITI

6/20/2024

56,508

USD

2,900,041

ILS

10,419,500

JPMC

6/20/2024

56,522

USD

2,249,624

INR

187,533,629

CITI

**

6/20/2024

6,184

USD

2,249,636

INR

187,533,629

JPMC

**

6/20/2024

6,195

USD

17,587,895

JPY

2,586,022,500

CITI

6/20/2024

293,901

USD

17,587,983

JPY

2,586,022,500

JPMC

6/20/2024

293,989

USD

5,301,939

KRW

6,998,460,000

CITI

**

6/20/2024

94,042

USD

5,301,966

KRW

6,998,460,000

JPMC

**

6/20/2024

94,069

USD

2,492,334

NOK

26,300,499

CITI

6/20/2024

65,161

USD

2,492,347

NOK

26,300,501

JPMC

6/20/2024

65,173

USD

18,326,760

NZD

30,016,500

CITI

6/20/2024

392,473

USD

18,326,852

NZD

30,016,500

JPMC

6/20/2024

392,564

USD

324,457

PHP

18,176,500

CITI

**

6/20/2024

1,217

USD

324,458

PHP

18,176,500

JPMC

**

6/20/2024

1,218

USD

12,572

PLN

50,000

CITI

6/20/2024

65

USD

12,572

PLN

50,000

JPMC

6/20/2024

65

USD

6,723,326

SEK

69,352,500

CITI

6/20/2024

222,720

USD

6,723,360

SEK

69,352,500

JPMC

6/20/2024

222,754

USD

10,011,825

SGD

13,378,761

CITI

6/20/2024

67,349

USD

10,011,877

SGD

13,378,763

JPMC

6/20/2024

67,399

USD

2,219,149

THB

79,000,000

CITI

6/20/2024

39,633

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

29

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

2,219,160

THB

79,000,000

JPMC

6/20/2024

$

39,644

USD

1,906,459

TWD

59,656,600

CITI

**

6/20/2024

35,224

USD

1,906,468

TWD

59,656,599

JPMC

**

6/20/2024

35,234

USD

731,629

ZAR

13,905,938

CITI

6/20/2024

2,252

USD

731,633

ZAR

13,905,938

JPMC

6/20/2024

2,255

ZAR

8,519,251

USD

441,199

CITI

6/20/2024

5,642

ZAR

8,519,249

USD

441,197

JPMC

6/20/2024

5,645

CLP

50,000,000

USD

50,749

CITI

**

6/21/2024

178

CLP

50,000,000

USD

50,749

JPMC

**

6/21/2024

178

USD

699,246

CLP

679,253,107

CITI

**

6/21/2024

7,393

USD

699,249

CLP

679,253,107

JPMC

**

6/21/2024

7,394

Total

unrealized

appreciation

4,479,452

AUD

5,300,001

USD

3,496,705

CITI

6/20/2024

(35,203)

AUD

5,299,999

USD

3,496,686

JPMC

6/20/2024

(35,187)

BRL

26,544,599

USD

5,278,584

CITI

**

6/20/2024

(25,872)

BRL

26,544,599

USD

5,278,287

JPMC

**

6/20/2024

(25,573)

CAD

30,779,916

USD

22,839,493

CITI

6/20/2024

(89,941)

CAD

30,779,917

USD

22,839,380

JPMC

6/20/2024

(89,827)

CHF

139,500

USD

160,848

CITI

6/20/2024

(4,788)

CHF

139,500

USD

160,847

JPMC

6/20/2024

(4,788)

CNY

21,299,522

USD

2,975,609

CITI

**

6/20/2024

(31,874)

CNY

21,299,521

USD

2,975,594

JPMC

**

6/20/2024

(31,856)

DKK

698,000

USD

102,318

CITI

6/20/2024

(949)

DKK

698,000

USD

102,317

JPMC

6/20/2024

(949)

EUR

23,924,001

USD

26,100,192

CITI

6/20/2024

(206,051)

EUR

23,924,003

USD

26,100,063

JPMC

6/20/2024

(205,920)

GBP

5,074,000

USD

6,455,668

CITI

6/20/2024

(48,817)

GBP

5,074,000

USD

6,455,636

JPMC

6/20/2024

(48,783)

HUF

652,210,813

USD

1,800,049

CITI

6/20/2024

(21,306)

HUF

652,210,813

USD

1,800,040

JPMC

6/20/2024

(21,296)

ILS

19,500

USD

5,366

CITI

6/20/2024

(45)

ILS

19,500

USD

5,366

JPMC

6/20/2024

(44)

INR

822,852,500

USD

9,886,781

CITI

**

6/20/2024

(43,106)

INR

822,852,500

USD

9,886,732

JPMC

**

6/20/2024

(43,052)

JPY

1,944,002,496

USD

13,157,099

CITI

6/20/2024

(156,603)

JPY

1,944,002,496

USD

13,157,033

JPMC

6/20/2024

(156,542)

KRW

800,000,000

USD

601,354

CITI

**

6/20/2024

(6,036)

KRW

800,000,000

USD

601,351

JPMC

**

6/20/2024

(6,033)

NOK

159,672,499

USD

15,213,096

CITI

6/20/2024

(477,522)

NOK

159,672,501

USD

15,214,882

JPMC

6/20/2024

(479,315)

PLN

18,572,982

USD

4,673,379

CITI

6/20/2024

(27,459)

PLN

18,572,982

USD

4,673,356

JPMC

6/20/2024

(27,432)

SEK

50,049,000

USD

4,835,732

CITI

6/20/2024

(144,497)

SEK

50,049,000

USD

4,835,708

JPMC

6/20/2024

(144,474)

SGD

2,060,999

USD

1,548,866

CITI

6/20/2024

(16,918)

SGD

2,061,001

USD

1,548,860

JPMC

6/20/2024

(16,911)

THB

3,000,000

USD

84,969

CITI

6/20/2024

(2,203)

THB

3,000,000

USD

84,969

JPMC

6/20/2024

(2,202)

TWD

22,000,001

USD

699,424

CITI

**

6/20/2024

(9,354)

TWD

21,999,999

USD

699,421

JPMC

**

6/20/2024

(9,351)

USD

11,379,104

AUD

17,442,210

CITI

6/20/2024

(12,636)

USD

11,379,161

AUD

17,442,210

JPMC

6/20/2024

(12,580)

USD

174,119

BRL

881,749

CITI

**

6/20/2024

(364)

USD

174,120

BRL

881,749

JPMC

**

6/20/2024

(363)

USD

1,683,481

CAD

2,281,812

CITI

6/20/2024

(3,015)

USD

1,683,491

CAD

2,281,814

JPMC

6/20/2024

(3,008)

USD

330,687

CHF

297,000

CITI

6/20/2024

(1,570)

30

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

330,689

CHF

297,000

JPMC

6/20/2024

$

(1,568)

USD

1,047,702

GBP

831,000

CITI

6/20/2024

(1,588)

USD

1,047,707

GBP

831,000

JPMC

6/20/2024

(1,583)

USD

325,098

ILS

1,192,000

CITI

6/20/2024

(203)

USD

325,100

ILS

1,192,000

JPMC

6/20/2024

(201)

USD

149,119

INR

12,466,371

CITI

**

6/20/2024

(15)

USD

149,119

INR

12,466,371

JPMC

**

6/20/2024

(14)

USD

1,000,971

JPY

150,000,000

CITI

6/20/2024

(2,153)

USD

1,000,976

JPY

150,000,000

JPMC

6/20/2024

(2,148)

USD

234,347

MXN

4,000,000

CITI

6/20/2024

(3,244)

USD

234,348

MXN

4,000,000

JPMC

6/20/2024

(3,243)

USD

88,716

PHP

5,000,000

CITI

**

6/20/2024

(201)

USD

88,717

PHP

5,000,000

JPMC

**

6/20/2024

(200)

USD

3,202,904

ZAR

62,041,563

CITI

6/20/2024

(51,226)

USD

3,202,920

ZAR

62,041,561

JPMC

6/20/2024

(51,209)

ZAR

37,000,000

USD

1,965,928

CITI

6/20/2024

(25,249)

ZAR

37,000,000

USD

1,965,918

JPMC

6/20/2024

(25,239)

CLP

50,000,000

USD

51,046

CITI

**

6/21/2024

(118)

CLP

50,000,000

USD

51,046

JPMC

**

6/21/2024

(118)

USD

483,010

CLP

476,922,393

CITI

**

6/21/2024

(2,761)

USD

483,013

CLP

476,922,393

JPMC

**

6/21/2024

(2,756)

Total

unrealized

depreciation

(2,906,652)

Net

unrealized

appreciation

$

1,572,800

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2024

31

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

111.7%

COMMON

STOCKS

-

17.1%

Communication

Services

-

0.2%

Entertainment

-

0.0%

†

Atlanta

Braves

Holdings,

Inc.,

Class

C

*

20,773

811,393

Interactive

Media

&

Services

-

0.1%

Alphabet,

Inc.,

Class

A

*(a)

10,791

1,628,686

Media

-

0.1%

Liberty

Media

Corp-Liberty

SiriusXM

*

51,300

1,524,123

Paramount

Global,

Class

B

25,075

295,133

1,819,256

Total

Communication

Services

4,259,335

Consumer

Discretionary

-

1.9%

Hotels,

Restaurants

&

Leisure

-

0.0%

†

Pinstripes

Holdings,

Inc.,

Class

A

*(b)

25,000

81,250

Household

Durables

-

1.4%

MDC

Holdings,

Inc.

174,915

11,003,903

Vizio

Holding

Corp.,

Class

A

*

1,289,841

14,110,860

25,114,763

Textiles,

Apparel

&

Luxury

Goods

-

0.5%

Under

Armour,

Inc.,

Class

A

*

1,279,766

9,444,673

Total

Consumer

Discretionary

34,640,686

Consumer

Staples

-

0.3%

Beverages

-

0.1%

Brown-Forman

Corp.,

Class

B

41,148

2,124,060

Food

Products

-

0.1%

Australian

Oilseeds

Holdings

Ltd.

(Cayman

Islands)

*

5,500

8,965

Utz

Brands,

Inc.

28,650

528,306

537,271

Household

Products

-

0.1%

Central

Garden

&

Pet

Co.,

Class

A

*

57,450

2,121,054

Total

Consumer

Staples

4,782,385

Energy

-

4.1%

Oil,

Gas

&

Consumable

Fuels

-

4.1%

Callon

Petroleum

Co.

*

336,792

12,043,682

Equitrans

Midstream

Corp.

2,298,122

28,703,544

Southwestern

Energy

Co.

*

4,671,528

35,410,182

Total

Energy

76,157,408

Financials

-

1.4%

Banks

-

0.0%

†

Patriot

National

Bancorp,

Inc.

*

120,629

441,502

INVESTMENTS

SHARES

VALUE

($)

Capital

Markets

-

1.1%

99

Acquisition

Group,

Inc.,

Class

A

(2)*(c)

78,622

809,807

Acri

Capital

Acquisition

Corp.

(2)*(c)

32,879

367,916

Aetherium

Acquisition

Corp.,

Class

A

*(c)

67,895

746,845

Aquaron

Acquisition

Corp.

(2)*(c)

38,227

413,616

Bellevue

Life

Sciences

Acquisition

Corp.

*(c)

40,023

426,645

BurTech

Acquisition

Corp.,

Class

A

*(c)

68,249

753,469

byNordic

Acquisition

Corp.

(Sweden)

*(c)

69,207

767,852

Cetus

Capital

Acquisition

Corp.

(Taiwan)

*(c)

40,757

432,024

Churchill

Capital

Corp.

VII,

Class

A

*(c)

38,609

413,116

Direct

Selling

Acquisition

Corp.,

Class

A

*(c)

135,762

1,500,170

ESH

Acquisition

Corp.,

Class

A

*(c)

136,170

1,412,083

ExcelFin

Acquisition

Corp.,

Class

A

*(c)

83,751

916,236

ExcelFin

Acquisition

Corp.,

Class

B

(acquired

4/28/2023,

Cost

$–)

(3)*(c)

(d)

46,529

–

Financial

Strategies

Acquisition

Corp.

(3)*(c)

18,686

205,546

Fintech

Ecosystem

Development

Corp.,

Class

A

*(c)

23,032

253,352

Focus

Impact

BH3

Acquisition

Co.,

Class

A

(2)*(c)

60,828

636,869

Four

Leaf

Acquisition

Corp.,

Class

A

*(c)

111,000

1,195,470

Global

Blockchain

Acquisition

Corp.

*(c)

17,827

191,997

Global

Star

Acquisition,

Inc.,

Class

A

*(c)

63,843

684,397

Inception

Growth

Acquisition

Ltd.

*(c)

88,000

956,560

Inception

Growth

Acquisition

Ltd.,

Class

B

(acquired

4/26/2023,

Cost

$–)

(3)*(c)(d)

33,755

–

Iron

Horse

Acquisitions

Corp.

*(c)

63,190

630,952

Plutonian

Acquisition

Corp.

(2)*(c)

39,243

421,077

Qomolangma

Acquisition

Corp.

(2)*(c)

8,182

89,184

Quetta

Acquisition

Corp.

(2)*(c)

68,014

692,383

Sagaliam

Acquisition

Corp.,

Class

A

(3)*(c)

31,501

342,731

ShoulderUp

Technology

Acquisition

Corp.,

Class

A

(2)*(c)

100,000

1,055,000

ShoulderUp

Technology

Acquisition

Corp.,

Class

B

(acquired

5/11/2023

-

11/21/2023,

Cost

$–)

(3)*(c)(d)

45,000

–

SilverBox

Corp.

III,

Class

A

*(c)

159,842

1,675,144

TG

Venture

Acquisition

Corp.

(3)*(c)

12,061

130,380

Thunder

Bridge

Capital

Partners

IV,

Inc.,

Class

A

(2)*(c)

5,917

60,649

Trailblazer

Merger

Corp.

I

*(c)

157,145

1,670,451

19,851,921

32

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Financial

Services

-

0.3%

EXOR

NV

(Netherlands)

(2)

40,102

4,462,807

Global

Payments,

Inc.

15,628

2,088,838

6,551,645

Total

Financials

26,845,068

Health

Care

-

1.8%

Biotechnology

-

0.1%

Fusion

Pharmaceuticals,

Inc.

(Canada)

*

37,215

793,424

Inhibrx,

Inc.

*

50,640

1,770,374

2,563,798

Health

Care

Equipment

&

Supplies

-

1.7%

Axonics,

Inc.

*

459,775

31,710,682

Total

Health

Care

34,274,480

Industrials

-

3.8%

Aerospace

&

Defense

-

0.6%

Kaman

Corp.

237,809

10,908,299

Building

Products

-

1.2%

Masonite

International

Corp.

*

165,540

21,760,233

Ground

Transportation

-

0.3%

Uber

Technologies,

Inc.

*(a)

73,335

5,646,061

Machinery

-

0.0%

†

Dover

Corp.

767

135,905

Professional

Services

-

0.3%

Sterling

Check

Corp.

*

345,378

5,553,678

Trading

Companies

&

Distributors

-

1.4%

McGrath

RentCorp

210,983

26,028,973

Total

Industrials

70,033,149

Information

Technology

-

1.2%

Electronic

Equipment,

Instruments

&

Components

-

0.6%

Hollysys

Automation

Technologies

Ltd.

(China)

*

446,590

11,423,772

Semiconductors

&

Semiconductor

Equipment

-

0.1%

GCT

Semiconductor

Holding,

Inc.

*(b)

25,000

826,500

Software

-

0.5%

Confluent,

Inc.,

Class

A

*(a)

2,798

85,395

Elastic

NV

*

814

81,595

Envestnet,

Inc.

*(a)

37,015

2,143,539

Everbridge,

Inc.

*(a)

194,968

6,790,736

9,101,265

Total

Information

Technology

21,351,537

Materials

-

1.0%

Containers

&

Packaging

-

0.8%

Westrock

Co.

310,969

15,377,417

INVESTMENTS

SHARES

VALUE

($)

Metals

&

Mining

-

0.2%

Haynes

International,

Inc.

57,085

3,431,950

Total

Materials

18,809,367

Real

Estate

-

1.4%

Health

Care

REITs

-

0.1%

Welltower,

Inc.,

REIT

(a)

21,385

1,998,215

Real

Estate

Management

&

Development

-

1.3%

Tricon

Residential,

Inc.

(Canada)

2,108,821

23,513,354

Zillow

Group,

Inc.,

Class

C

*(a)

25,408

1,239,402

24,752,756

Total

Real

Estate

26,750,971

TOTAL

COMMON

STOCKS

(Cost

$301,723,665)

317,904,386

CLOSED-END

FUNDS

-

8.0%

Financials

-

8.0%

abrdn

Emerging

Markets

Equity

Income

Fund,

Inc.

(a)

31,246

157,792

abrdn

Global

Dynamic

Dividend

Fund

68,343

663,611

abrdn

Healthcare

Investors

162,512

2,739,952

abrdn

Healthcare

Opportunities

Fund

103,283

2,075,988

abrdn

Life

Sciences

Investors

127,683

1,740,319

abrdn

National

Municipal

Income

Fund

30,838

319,482

abrdn

Total

Dynamic

Dividend

Fund

321,615

2,666,188

Adams

Natural

Resources

Fund,

Inc.

41,477

956,460

Advent

Convertible

and

Income

Fund

(a)

3,865

46,148

AllianceBernstein

National

Municipal

Income

Fund,

Inc.

(a)

93,345

1,025,862

Allspring

Income

Opportunities

177,673

1,179,749

ASA

Gold

and

Precious

Metals

Ltd.

(a)

36,167

555,525

Bancroft

Fund

Ltd.

9,424

150,690

BlackRock

Credit

Allocation

Income

Trust

(a)

88,808

949,358

BlackRock

Energy

and

Resources

Trust

(a)

36,957

489,680

BlackRock

Enhanced

Equity

Dividend

Trust

347,870

2,869,928

BlackRock

Enhanced

Global

Dividend

Trust

(a)

169,529

1,773,273

BlackRock

Enhanced

International

Dividend

Trust

(a)

249,741

1,381,068

BlackRock

Health

Sciences

Term

Trust

21,234

348,025

Blackrock

Investment

Quality

Municipal

Trust,

Inc.

(The)

39,508

490,294

BlackRock

Municipal

2030

Target

Term

Trust

72,461

1,526,029

BlackRock

Municipal

Income

Fund,

Inc.

(a)

134,550

1,622,673

BlackRock

Municipal

Income

Quality

Trust

(a)

63,055

731,438

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

33

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Financials

-

8.0%

(continued)

BlackRock

Municipal

Income

Trust

(a)

120,936

1,249,269

BlackRock

Municipal

Income

Trust

II

(a)

116,170

1,261,606

BlackRock

MuniHoldings

California

Quality

Fund,

Inc.

(a)

155,084

1,707,475

BlackRock

MuniHoldings

Fund,

Inc.

(a)

144,180

1,741,694

BlackRock

MuniHoldings

New

Jersey

Quality

Fund,

Inc.

(a)

104,063

1,210,253

BlackRock

MuniHoldings

New

York

Quality

Fund,

Inc.

(a)

62,144

658,105

BlackRock

MuniHoldings

Quality

Fund

II,

Inc.

(a)

75,227

765,811

BlackRock

MuniVest

Fund

II,

Inc.

(a)

64,420

702,822

BlackRock

MuniVest

Fund,

Inc.

(a)

156,617

1,105,716

BlackRock

MuniYield

Fund,

Inc.

(a)

92,185

1,019,566

BlackRock

MuniYield

Michigan

Quality

Fund,

Inc.

(a)

61,344

706,069

BlackRock

MuniYield

New

York

Quality

Fund,

Inc.

(a)

79,648

837,897

BlackRock

MuniYield

Pennsylvania

Quality

Fund

26,251

317,900

BlackRock

MuniYield

Quality

Fund

II,

Inc.

(a)

48,773

512,604

BlackRock

MuniYield

Quality

Fund

III,

Inc.

(a)

92,687

1,062,193

BlackRock

MuniYield

Quality

Fund,

Inc.

(a)

101,472

1,243,032

BlackRock

New

York

Municipal

Income

Trust

(a)

64,572

684,463

BlackRock

Resources

&

Commodities

Strategy

Trust

267,207

2,426,240

BlackRock

Science

and

Technology

Term

Trust

153,340

2,974,796

Blackstone

Senior

Floating

Rate

2027

Term

Fund

15,471

221,699

Blackstone

Strategic

Credit

2027

Term

Fund

1,074

12,781

BNY

Mellon

Municipal

Income,

Inc.

62,601

427,565

BNY

Mellon

Strategic

Municipal

Bond

Fund,

Inc.

163,357

957,272

BNY

Mellon

Strategic

Municipals,

Inc.

189,480

1,155,828

Brookfield

Real

Assets

Income

Fund,

Inc.

191,609

2,475,588

Calamos

Global

Dynamic

Income

Fund

197,520

1,285,855

Calamos

Long

51,267

791,050

CBRE

Global

Real

Estate

Income

Fund

182,944

984,239

Central

Securities

Corp.

23,211

969,523

Clough

Global

Equity

Fund

88,472

575,953

Clough

Global

Opportunities

Fund

103,928

527,954

Cohen

&

Steers

Ltd.

Duration

Preferred

and

Income

Fund,

Inc.

19,052

382,564

Duff

&

Phelps

Utility

and

Infrastructure

Fund,

Inc.

32,167

307,517

DWS

Municipal

Income

Trust

76,972

695,057

INVESTMENTS

SHARES

VALUE

($)

Financials

-

8.0%

(continued)

Eaton

Vance

California

Municipal

Bond

Fund

56,117

530,306

Eaton

Vance

Ltd.

Duration

Income

Fund

156,235

1,523,291

Eaton

Vance

Municipal

Bond

Fund

130,351

1,349,133

Eaton

Vance

Municipal

Income

Trust

98,131

1,005,843

Eaton

Vance

New

York

Municipal

Bond

Fund

19,280

187,209

Eaton

Vance

Risk-Managed

Diversified

Equity

Income

Fund

4,038

33,717

Eaton

Vance

Tax

Managed

Global

Buy

Write

Opportunities

Fund

253,072

2,075,190

Eaton

Vance

Tax-Advantaged

Dividend

Income

Fund

36,823

869,023

Eaton

Vance

Tax-Advantaged

Global

Dividend

Income

Fund

111,814

2,040,606

Eaton

Vance

Tax-Advantaged

Global

Dividend

Opportunities

Fund

9,633

240,632

Eaton

Vance

Tax-Managed

Buy-

Write

Income

Fund

5,730

78,215

Eaton

Vance

Tax-Managed

Global

Diversified

Equity

Income

Fund

411,725

3,359,676

Ellsworth

Growth

and

Income

Fund

Ltd.

51,877

421,241

Federated

Hermes

Premier

Municipal

Income

Fund

37,966

420,284

First

Trust

Energy

Income

and

Growth

Fund

36,277

592,766

First

Trust

High

Yield

Opportunities

2027

Term

Fund

20,706

301,065

First

Trust

Senior

Floating

Rate

Income

Fund

II

52,443

542,785

Flaherty

&

Crumrine

Preferred

and

Income

Fund,

Inc.

20,481

217,303

Flaherty

&

Crumrine

Preferred

and

Income

Opportunity

Fund,

Inc.

16,055

135,504

Flaherty

&

Crumrine

Preferred

and

Income

Securities

Fund,

Inc.

126,409

1,877,174

Flaherty

&

Crumrine

Total

Return

Fund,

Inc.

28,962

447,753

Franklin

Ltd.

Duration

Income

Trust

149,236

935,710

Gabelli

Dividend

&

Income

Trust

(The)

150,375

3,455,618

Gabelli

Global

Small

and

Mid

Cap

Value

Trust

(The)

3,365

40,447

Gabelli

Healthcare

&

WellnessRx

Trust

(The)

41,923

429,292

General

American

Investors

Co.,

Inc.

20,924

973,175

Highland

Global

Allocation

Fund

61,179

468,631

Highland

Opportunities

and

Income

Fund

80,842

568,319

Insight

Select

Income

Fund

15,954

263,081

Invesco

Advantage

Municipal

Income

Trust

II

114,319

971,712

Invesco

California

Value

Municipal

Income

Trust

126,371

1,258,655

Invesco

Municipal

Opportunity

Trust

171,924

1,672,821

Invesco

Municipal

Trust

137,716

1,335,845

34

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Financials

-

8.0%

(continued)

Invesco

Pennsylvania

Value

Municipal

Income

Trust

35,003

358,781

Invesco

Quality

Municipal

Income

Trust

128,388

1,242,796

Invesco

Trust

for

Investment

Grade

Municipals

146,808

1,447,527

Invesco

Trust

for

Investment

Grade

New

York

Municipals

34,670

372,703

Invesco

Value

Municipal

Income

Trust

115,747

1,388,964

John

Hancock

Hedged

Equity

&

Income

Fund

21,595

226,532

John

Hancock

Income

Securities

Trust

13,157

147,095

John

Hancock

Premium

Dividend

Fund

19,624

228,620

John

Hancock

Tax-Advantaged

Dividend

Income

Fund

26,194

514,974

Lazard

Global

Total

Return

and

Income

Fund,

Inc.

29,858

487,581

Liberty

All

Star

Growth

Fund,

Inc.

3,780

20,752

MFS

Municipal

Income

Trust

57,724

309,978

Neuberger

Berman

Municipal

Fund,

Inc.

57,186

598,737

New

America

High

Income

Fund,

Inc.

(The)

55,420

403,458

New

Germany

Fund,

Inc.

(The)

21,975

191,402

Nuveen

AMT-Free

Municipal

Credit

Income

Fund

324,933

3,947,936

Nuveen

AMT-Free

Quality

Municipal

Income

Fund

394,848

4,370,967

Nuveen

Arizona

Quality

Municipal

Income

Fund

15,160

166,457

Nuveen

California

AMT-Free

Quality

Municipal

Income

Fund

104,361

1,267,986

Nuveen

California

Quality

Municipal

Income

Fund

302,242

3,330,707

Nuveen

Dow

30sm

Dynamic

Overwrite

Fund

93,127

1,365,242

Nuveen

Floating

Rate

Income

Fund

66,932

584,316

Nuveen

Massachusetts

Quality

Municipal

Income

Fund

4,299

46,945

Nuveen

Municipal

Credit

Income

Fund

320,697

3,925,331

Nuveen

NASDAQ

100

Dynamic

Overwrite

Fund

6,408

154,689

Nuveen

New

Jersey

Quality

Municipal

Income

Fund

67,502

815,424

Nuveen

New

York

AMT-Free

Quality

Municipal

Income

Fund

135,877

1,476,983

Nuveen

New

York

Quality

Municipal

Income

Fund

65,162

713,524

Nuveen

Pennsylvania

Quality

Municipal

Income

Fund

55,068

650,904

Nuveen

Preferred

&

Income

Opportunities

Fund

826,107

5,939,709

Nuveen

Quality

Municipal

Income

Fund

375,816

4,306,851

Nuveen

Real

Asset

Income

and

Growth

Fund

59,724

708,327

INVESTMENTS

SHARES

VALUE

($)

Financials

-

8.0%

(continued)

Nuveen

Real

Estate

Income

Fund

82,726

653,535

Nuveen

S&P

500

Buy-Write

Income

Fund

41,036

542,906

Nuveen

S&P

500

Dynamic

Overwrite

Fund

1,959

30,698

Nuveen

Virginia

Quality

Municipal

Income

Fund

14,518

160,714

PGIM

Short

Duration

High

Yield

Opportunities

Fund

16,360

251,617

PIMCO

California

Municipal

Income

Fund

II

8,948

51,630

Pioneer

Floating

Rate

Fund,

Inc.

40,898

395,893

Pioneer

High

Income

Fund,

Inc.

50,867

389,641

Pioneer

Municipal

High

Income

Advantage

Fund,

Inc.

82,954

676,075

Pioneer

Municipal

High

Income

Fund

Trust

97,243

859,628

Royce

Micro-Cap

Trust,

Inc.

51,893

490,389

Royce

Value

Trust,

Inc.

193,926

2,941,857

Saba

Capital

Income

&

Opportunities

Fund

5,821

42,435

Source

Capital,

Inc.

2,813

119,524

Sprott

Focus

Trust,

Inc.

9,323

74,864

SRH

Total

Return

Fund,

Inc.

82,365

1,240,417

Swiss

Helvetia

Fund,

Inc.

(The)

12,441

98,657

Templeton

Emerging

Markets

Fund

16,492

196,914

Tri-Continental

Corp.

18,660

574,728

Virtus

Dividend

Interest

&

Premium

Strategy

Fund

190,914

2,439,881

Virtus

Total

Return

Fund,

Inc.

187,075

1,042,008

Voya

Emerging

Markets

High

Dividend

Equity

Fund

19,121

100,768

Voya

Global

Advantage

and

Premium

Opportunity

Fund

48,810

441,242

Voya

Global

Equity

Dividend

and

Premium

Opportunity

Fund

193,777

1,027,018

Voya

Infrastructure

Industrials

and

Materials

Fund

32,294

339,733

Western

Asset

Intermediate

Muni

Fund,

Inc.

21,475

170,082

Western

Asset

Investment

Grade

Income

Fund,

Inc.

227

2,767

Western

Asset

Managed

Municipals

Fund,

Inc.

141,103

1,474,526

Western

Asset

Municipal

High

Income

Fund,

Inc.

35,112

238,410

Total

Financials

149,820,265

TOTAL

CLOSED-END

FUNDS

(Cost

$141,861,631)

149,820,265

PRINCIPAL

AMOUNT

CORPORATE

BONDS

-

0.0%

†

Communication

Services

-

0.0%

†

Media

-

0.0%

†

iHeartCommunications,

Inc.

6.38%,

5/1/2026

(2)

$

423

361

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

35

(Continued)

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

Energy

-

0.0%

†

Oil,

Gas

&

Consumable

Fuels

-

0.0%

†

Black

Elk

Energy

Escrow

13.75%,

12/1/2015

(3)(e)

$

2,833,436

123,254

Utilities

-

0.0%

†

Independent

Power

and

Renewable

Electricity

Producers

-

0.0%

†

Aegean

Marine

Petroleum

Network,

Inc.

Escrow

0.00%,

12/15/2022

(3)(e)

2,375,000

2,375

TOTAL

CORPORATE

BONDS

(Cost

$880,000)

125,990

CONVERTIBLE

BONDS

-

40.7%

Communication

Services

-

2.2%

Diversified

Telecommunication

Services

-

0.1%

Bandwidth,

Inc.

0.25%,

3/1/2026

(2)(a)

1,875,000

1,645,313

Entertainment

-

0.8%

Eventbrite,

Inc.

0.75%,

9/15/2026

(2)(a)

7,400,000

6,156,060

Sea

Ltd.

(Singapore)

0.25%,

9/15/2026

(2)(a)

9,900,000

8,459,550

14,615,610

Interactive

Media

&

Services

-

1.0%

Liberty

TripAdvisor

Holdings,

Inc.

0.50%,

6/30/2051

(2)(a)(f)

8,475,000

7,950,398

Snap,

Inc.

0.13%,

3/1/2028

(2)(a)

14,522,000

11,029,459

18,979,857

Media

-

0.3%

Liberty

Broadband

Corp.

3.13%,

3/31/2053

(2)(a)(f)

200,000

189,260

Liberty

Media

Corp.

3.75%,

3/15/2028

(2)(a)

4,525,000

5,540,862

5,730,122

Total

Communication

Services

40,970,902

Consumer

Discretionary

-

11.7%

Automobile

Components

-

1.2%

LCI

Industries

1.13%,

5/15/2026

(2)(a)

11,400,000

11,194,800

Patrick

Industries,

Inc.

1.75%,

12/1/2028

(2)(a)

9,062,000

11,698,763

22,893,563

Automobiles

-

0.4%

Winnebago

Industries,

Inc.

3.25%,

1/15/2030

(2)(a)(f)

6,982,000

7,544,051

Broadline

Retail

-

1.3%

Etsy,

Inc.

0.25%,

6/15/2028

(2)(a)

17,200,000

13,545,000

Match

Group

Financeco

3,

Inc.

2.00%,

1/15/2030

(2)(a)(f)

11,375,000

9,754,568

23,299,568

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

Hotels,

Restaurants

&

Leisure

-

7.7%

Carnival

Corp.

5.75%,

12/1/2027

(2)(a)

$

25,345,000

38,144,225

MakeMyTrip

Ltd.

(India)

0.00%,

2/15/2028

(2)(a)

10,742,000

19,947,894

Marriott

Vacations

Worldwide

Corp.

3.25%,

12/15/2027

(2)(a)

6,397,000

6,000,386

NCL

Corp.

Ltd.

1.13%,

2/15/2027

(2)(a)

15,638,000

14,748,198

Royal

Caribbean

Cruises

Ltd.

6.00%,

8/15/2025

(2)(a)

22,825,000

64,868,650

143,709,353

Household

Durables

-

0.2%

GoPro,

Inc.

1.25%,

11/15/2025

(2)(a)

4,650,000

4,168,903

Specialty

Retail

-

0.9%

Wayfair,

Inc.

1.13%,

11/1/2024

(2)(a)

2,863,000

2,805,740

1.00%,

8/15/2026

(2)(a)

4,250,000

3,923,175

3.25%,

9/15/2027

(2)(a)

6,875,000

9,040,625

15,769,540

Total

Consumer

Discretionary

217,384,978

Consumer

Staples

-

0.6%

Consumer

Staples

Distribution

&

Retail

-

0.6%

Chefs'

Warehouse,

Inc.

(The)

2.38%,

12/15/2028

(2)(a)

9,601,000

10,508,295

Energy

-

1.8%

Energy

Equipment

&

Services

-

0.4%

Nabors

Industries,

Inc.

1.75%,

6/15/2029

(2)(a)

10,396,000

7,822,990

Oil,

Gas

&

Consumable

Fuels

-

1.4%

Kosmos

Energy

Ltd.

(Ghana)

3.13%,

3/15/2030

(2)(a)(f)

4,837,000

5,294,096

Northern

Oil

&

Gas,

Inc.

3.63%,

4/15/2029

(2)(a)

10,572,000

12,871,410

World

Kinect

Corp.

3.25%,

7/1/2028

(2)(a)(f)

6,925,000

7,617,500

25,783,006

Total

Energy

33,605,996

Financials

-

2.7%

Capital

Markets

-

1.2%

Coinbase

Global,

Inc.

0.50%,

6/1/2026

(2)(a)

1,550,000

1,696,147

0.25%,

4/1/2030

(2)(a)(f)

3,742,000

3,941,895

HAT

Holdings

I

LLC

0.00%,

5/1/2025

(2)(a)(f)

9,167,000

9,362,257

WisdomTree,

Inc.

5.75%,

8/15/2028

(2)(a)

7,000,000

8,102,500

23,102,799

Consumer

Finance

-

1.1%

EZCORP,

Inc.

2.38%,

5/1/2025

(2)(a)

1,540,000

1,515,146

3.75%,

12/15/2029

(2)(a)(f)

9,325,000

11,248,811

LendingTree,

Inc.

0.50%,

7/15/2025

(2)(a)

‌

3,026,000

2,802,984

36

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

Consumer

Finance

-

1.1%

(continued)

SoFi

Technologies,

Inc.

1.25%,

3/15/2029

(2)(a)(f)

$

4,155,000

4,182,008

19,748,949

Financial

Services

-

0.4%

Block,

Inc.

0.25%,

11/1/2027

(2)(a)

5,550,000

4,625,925

Shift4

Payments,

Inc.

0.50%,

8/1/2027

(2)(a)

3,434,000

3,185,035

7,810,960

Total

Financials

50,662,708

Health

Care

-

4.0%

Biotechnology

-

1.3%

Bridgebio

Pharma,

Inc.

2.25%,

2/1/2029

(2)(a)

7,125,000

5,802,237

Coherus

Biosciences,

Inc.

1.50%,

4/15/2026

(2)(a)

7,600,000

4,846,931

Exact

Sciences

Corp.

2.00%,

3/1/2030

(2)(a)(f)

7,300,000

8,234,400

Halozyme

Therapeutics,

Inc.

1.00%,

8/15/2028

(2)(a)

4,000,000

3,886,213

Travere

Therapeutics,

Inc.

2.25%,

3/1/2029

(2)(a)

3,650,000

2,297,675

25,067,456

Health

Care

Equipment

&

Supplies

-

0.6%

Lantheus

Holdings,

Inc.

2.63%,

12/15/2027

(2)(a)

4,125,000

4,562,250

Tandem

Diabetes

Care,

Inc.

Series

2024,

1.50%,

3/15/2029

(2)(a)(f)

2,372,000

2,924,121

TransMedics

Group,

Inc.

1.50%,

6/1/2028

(2)(a)(f)

2,644,000

2,901,021

10,387,392

Health

Care

Providers

&

Services

-

0.5%

Guardant

Health,

Inc.

0.00%,

11/15/2027

(2)(a)

14,525,000

9,868,285

Health

Care

Technology

-

0.9%

Evolent

Health,

Inc.

3.50%,

12/1/2029

(2)(a)(f)

5,349,000

6,135,303

Teladoc

Health,

Inc.

1.25%,

6/1/2027

(2)(a)

11,425,000

9,625,562

15,760,865

Life

Sciences

Tools

&

Services

-

0.1%

Inotiv,

Inc.

3.25%,

10/15/2027

(2)(a)

2,857,000

1,724,527

Pharmaceuticals

-

0.6%

Innoviva,

Inc.

2.13%,

3/15/2028

(2)(a)

13,373,000

11,811,092

Total

Health

Care

74,619,617

Industrials

-

4.6%

Aerospace

&

Defense

-

0.3%

Spirit

AeroSystems,

Inc.

3.25%,

11/1/2028

(2)(a)(f)

3,898,000

5,453,302

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

Air

Freight

&

Logistics

-

0.9%

Air

Transport

Services

Group,

Inc.

3.88%,

8/15/2029

(2)(a)(f)

$

20,262,000

16,762,491

Electrical

Equipment

-

1.0%

Array

Technologies,

Inc.

1.00%,

12/1/2028

(2)(a)

11,925,000

11,026,237

Bloom

Energy

Corp.

3.00%,

6/1/2028

(2)(a)(f)

8,265,000

7,500,488

18,526,725

Machinery

-

1.0%

3D

Systems

Corp.

0.00%,

11/15/2026

(2)(a)

6,850,000

5,341,779

Greenbrier

Cos.,

Inc.

(The)

2.88%,

4/15/2028

(2)(a)

11,535,000

12,784,241

18,126,020

Passenger

Airlines

-

0.6%

American

Airlines

Group,

Inc.

6.50%,

7/1/2025

(2)(a)

3,300,000

3,824,700

JetBlue

Airways

Corp.

0.50%,

4/1/2026

(2)(a)

3,875,000

3,382,571

Spirit

Airlines,

Inc.

1.00%,

5/15/2026

(2)(a)

7,975,000

3,718,743

10,926,014

Professional

Services

-

0.4%

CSG

Systems

International,

Inc.

3.88%,

9/15/2028

(2)(a)(f)

7,530,000

7,410,247

Trading

Companies

&

Distributors

-

0.4%

Xometry,

Inc.

1.00%,

2/1/2027

(2)(a)

10,639,000

8,080,052

Total

Industrials

85,284,851

Information

Technology

-

8.8%

Communications

Equipment

-

1.3%

Infinera

Corp.

2.50%,

3/1/2027

(2)(a)

2,925,000

2,989,350

3.75%,

8/1/2028

(2)(a)

8,750,000

9,679,071

Lumentum

Holdings,

Inc.

0.50%,

6/15/2028

(2)(a)

11,406,000

8,802,769

1.50%,

12/15/2029

(2)(a)(f)

3,736,000

3,510,061

24,981,251

Electronic

Equipment,

Instruments

&

Components

-

0.3%

Vishay

Intertechnology,

Inc.

2.25%,

9/15/2030

(2)(a)(f)

6,251,000

5,969,705

IT

Services

-

0.5%

DigitalOcean

Holdings,

Inc.

0.00%,

12/1/2026

(2)(a)

10,530,000

8,825,193

Semiconductors

&

Semiconductor

Equipment

-

1.4%

MACOM

Technology

Solutions

Holdings,

Inc.

0.25%,

3/15/2026

(2)(a)

5,492,000

6,922,666

ON

Semiconductor

Corp.

0.50%,

3/1/2029

(2)(a)

8,850,000

8,708,400

Semtech

Corp.

1.63%,

11/1/2027

(2)(a)

1,725,000

1,695,848

4.00%,

11/1/2028

(2)(a)(f)

3,830,000

5,829,990

SMART

Global

Holdings,

Inc.

2.00%,

2/1/2029

(2)(a)

‌

1,000,000

1,377,514

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

37

(Continued)

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

Semiconductors

&

Semiconductor

Equipment

-

1.4%

(continued)

Wolfspeed,

Inc.

0.25%,

2/15/2028

(2)(a)

$

2,394,000

1,396,899

25,931,317

Software

-

3.8%

8x8,

Inc.

4.00%,

2/1/2028

(2)(a)

4,375,000

3,510,937

Cerence,

Inc.

1.50%,

7/1/2028

(2)(a)(f)

12,812,000

10,334,327

Everbridge,

Inc.

0.00%,

3/15/2026

(2)

5,089,000

4,961,775

PagerDuty,

Inc.

1.50%,

10/15/2028

(2)(a)(f)

8,774,000

9,333,781

Progress

Software

Corp.

3.50%,

3/1/2030

(2)(a)(f)

9,483,000

9,601,538

Rapid7,

Inc.

1.25%,

3/15/2029

(2)(a)(f)

5,175,000

5,247,496

Splunk,

Inc.

1.13%,

6/15/2027

(2)

23,603,000

23,539,272

Unity

Software,

Inc.

0.00%,

11/15/2026

(2)(a)

4,875,000

4,131,563

70,660,689

Technology

Hardware,

Storage

&

Peripherals

-

1.5%

Seagate

HDD

Cayman

3.50%,

6/1/2028

(2)(a)(f)

500,000

635,750

Western

Digital

Corp.

3.00%,

11/15/2028

(2)(a)(f)

18,375,000

26,928,562

27,564,312

Total

Information

Technology

163,932,467

Materials

-

0.5%

Metals

&

Mining

-

0.5%

MP

Materials

Corp.

3.00%,

3/1/2030

(2)(a)(f)

9,890,000

9,217,480

Real

Estate

-

0.4%

Office

REITs

-

0.3%

COPT

Defense

Properties

LP

5.25%,

9/15/2028

(2)(a)(f)

6,375,000

6,617,250

Real

Estate

Management

&

Development

-

0.1%

Redfin

Corp.

0.50%,

4/1/2027

(2)(a)

3,389,000

1,863,950

Total

Real

Estate

8,481,200

Utilities

-

3.4%

Electric

Utilities

-

2.9%

Alliant

Energy

Corp.

3.88%,

3/15/2026

(2)(a)

12,975,000

12,760,912

Duke

Energy

Corp.

4.13%,

4/15/2026

(2)(a)(f)

10,400,000

10,275,200

Evergy,

Inc.

4.50%,

12/15/2027

(2)(a)(f)

10,141,000

10,308,327

FirstEnergy

Corp.

4.00%,

5/1/2026

(2)(a)(f)

10,802,000

10,737,188

PPL

Capital

Funding,

Inc.

2.88%,

3/15/2028

(2)(a)

‌

2,590,000

2,478,630

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

Electric

Utilities

-

2.9%

(continued)

Southern

Co.

(The)

3.88%,

12/15/2025

(2)(a)

$

7,482,000

7,444,590

54,004,847

Multi-Utilities

-

0.5%

CenterPoint

Energy,

Inc.

4.25%,

8/15/2026

(2)(a)(f)

9,709,000

9,616,764

Total

Utilities

63,621,611

TOTAL

CONVERTIBLE

BONDS

(Cost

$729,072,066)

758,290,105

NO.

OF

RIGHTS

RIGHTS

-

0.0%

†

Financials

-

0.0%

†

Capital

Markets

-

0.0%

99

Acquisition

Group,

Inc.,

expiring

5/18/2024

*(c)

9,622

1,732

Aquaron

Acquisition

Corp.,

expiring

5/6/2024

(3)*(a)(c)

35,605

6,263

Bannix

Acquisition

Corp.,

expiring

4/24/2024

*(c)

26,277

4,662

Bellevue

Life

Sciences

Acquisition

Corp.,

expiring

4/14/2024

(3)*(c)

25,053

3,755

Breeze

Holdings

Acquisition

Corp.,

expiring

4/26/2024

*(c)

55,000

10,455

Broad

Capital

Acquisition

Corp.,

expiring

4/13/2024

(3)*(c)

69,739

13,320

Cetus

Capital

Acquisition

Corp.,

expiring

5/3/2024

*(c)

27,102

3,282

Clean

Energy

Special

Situations

Corp.,

expiring

4/24/2024

(2)*(c)

40,212

35,483

ESH

Acquisition

Corp.,

expiring

12/16/2024

*(c)

97,905

7,930

Feutune

Light

Acquisition

Corp.,

expiring

4/21/2024

*(c)

94,079

8,477

Financial

Strategies

Acquisition

Corp.,

expiring

8/7/2024

(3)*(c)

131,193

–

Fintech

Ecosystem

Development

Corp.,

expiring

4/21/2024

*(c)

10,730

1,288

Global

Blockchain

Acquisition

Corp.,

expiring

4/12/2024

*(c)

161,196

11,284

Global

Star

Acquisition,

Inc.,

expiring

4/22/2024

*(c)

50,064

3,530

Globalink

Investment,

Inc.,

expiring

4/9/2024

(3)*(c)

74,843

8,233

Goldenstone

Acquisition

Ltd.,

expiring

4/21/2024

*(c)

32,200

2,801

Inception

Growth

Acquisition

Ltd.,

expiring

4/13/2024

*(c)

112,518

22,132

Iron

Horse

Acquisitions

Corp.,

expiring

12/27/2024

(3)*(c)

63,190

12,638

Metal

Sky

Star

Acquisition

Corp.,

expiring

4/5/2024

*(c)

103,342

6,583

Monterey

Capital

Acquisition

Corp.,

expiring

4/13/2024

*(c)

71,394

8,210

NorthView

Acquisition

Corp.,

expiring

4/22/2024

*(c)

154,598

23,190

PHP

Ventures

Acquisition

Corp.,

expiring

4/16/2024

(3)*(c)

29,400

3,928

38

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

NO.

OF

RIGHTS

VALUE

($)

Capital

Markets

-

0.0%

(continued)

Plutonian

Acquisition

Corp.,

expiring

5/15/2024

*(c)

15,166

2,593

Qomolangma

Acquisition

Corp.,

expiring

5/4/2024

(2)*(c)

23,684

2,918

Quetta

Acquisition

Corp.,

expiring

7/10/2024

(3)*(c)

1,196

1,268

Redwoods

Acquisition

Corp.,

expiring

4/4/2024

*(c)

74,885

16,624

RF

Acquisition

Corp.,

expiring

9/28/2024

*(c)

114,573

10,449

Sagaliam

Acquisition

Corp.,

expiring

11/25/2025

(3)*(c)

70,003

2,450

Trailblazer

Merger

Corp.

I,

expiring

6/30/2024

*(c)

149,105

11,123

Welsbach

Technology

Metals

Acquisition

Corp.,

expiring

6/30/2024

(2)*(c)

9,289

698

Yotta

Acquisition

Corp.,

expiring

8/22/2024

(2)*(c)

68,693

8,243

Total

Financials

255,542

Health

Care

-

0.0%

Biotechnology

-

0.0%

Ambit

Biosciences

Corp.,

CVR

(3)*

146,272

–

Tobira

Therapeutics,

Inc.,

CVR

(3)*

11,880

–

Total

Health

Care

–

TOTAL

RIGHTS

(Cost

$–)

255,542

NO.

OF

WARRANTS

WARRANTS

-

0.1%

Communication

Services

-

0.0%

†

Interactive

Media

&

Services

-

0.0%

†

Leafly

Holdings,

Inc.,

expiring

11/7/2026

*

17,867

536

a

Media

-

0.0%

†

HWH

International,

Inc.,

expiring

2/1/2027

(3)*

52,991

2,554

a

Total

Communication

Services

3,090

Consumer

Discretionary

-

0.0%

†

Automobiles

-

0.0%

†

ECD

Automotive

Design,

Inc.,

expiring

12/8/2027

*

30,401

760

Srivaru

Holding

Ltd.,

expiring

5/30/2028

(India)

*

91,523

1,455

2,215

Hotels,

Restaurants

&

Leisure

-

0.0%

†

Hall

of

Fame

Resort

&

Entertainment

Co.,

expiring

7/1/2025

*

71,032

710

Pinstripes

Holdings,

Inc.,

expiring

9/30/2028

*

151,941

37,606

38,316

Total

Consumer

Discretionary

40,531

INVESTMENTS

NO.

OF

WARRANTS

VALUE

($)

Consumer

Staples

-

0.0%

†

Food

Products

-

0.0%

†

Australian

Oilseeds

Holdings

Ltd.,

expiring

3/21/2029

*

38,336

1,924

a

Energy

-

0.0%

†

Oil,

Gas

&

Consumable

Fuels

-

0.0%

†

Brooge

Energy

Ltd.,

expiring

12/20/2024

(United

Arab

Emirates)

(2)*

60,018

360

HNR

Acquisition

Corp.,

expiring

7/29/2028

*

14,405

2,015

Total

Energy

2,375

Financials

-

0.1%

Capital

Markets

-

0.1%

26

Capital

Acquisition

Corp.,

expiring

12/31/2027

(3)*(c)

74,200

482

99

Acquisition

Group,

Inc.,

expiring

5/18/2024

(2)*(c)

9,622

225

Achari

Ventures

Holdings

Corp.

I,

expiring

4/19/2024

(2)*(a)(c)

42,909

862

Acri

Capital

Acquisition

Corp.,

expiring

4/14/2024

(2)*(a)(c)

27,498

2,285

Aetherium

Acquisition

Corp.,

expiring

4/29/2024

*(a)(c)

175,712

10,508

AltEnergy

Acquisition

Corp.,

expiring

5/2/2024

*(a)(c)

61,463

3,233

Armada

Acquisition

Corp.

I,

expiring

4/17/2024

*(c)

64,166

5,448

Arogo

Capital

Acquisition

Corp.,

expiring

4/29/2024

*(c)

96,774

2,613

Arrowroot

Acquisition

Corp.,

expiring

8/6/2024

*(c)

41,500

8,296

Athena

Technology

Acquisition

Corp.

II,

expiring

4/14/2024

(2)*(c)

319,116

12,924

Atlantic

Coastal

Acquisition

Corp.

II,

expiring

4/19/2024

*(a)(c)

206,631

11,117

Ault

Disruptive

Technologies

Corp.,

expiring

12/20/2024

(2)*(a)(c)

54,855

450

Bannix

Acquisition

Corp.,

expiring

4/24/2024

*(c)

26,277

893

Bellevue

Life

Sciences

Acquisition

Corp.,

expiring

4/14/2024

*(c)

25,053

534

Berenson

Acquisition

Corp.

I,

expiring

9/30/2024

(2)*(c)

15,392

132

Binah

Capital

Group,

Inc.,

expiring

6/7/2028

*

103,745

11,412

Bite

Acquisition

Corp.,

expiring

4/17/2024

*(c)

41,600

2,912

Breeze

Holdings

Acquisition

Corp.,

expiring

4/26/2024

*(c)

55,000

69,300

BurTech

Acquisition

Corp.,

expiring

4/15/2024

*(c)

‌

447,209

80,453

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

39

(Continued)

INVESTMENTS

NO.

OF

WARRANTS

VALUE

($)

Capital

Markets

-

0.1%

(continued)

byNordic

Acquisition

Corp.,

expiring

4/12/2024

*(c)

69,207

3,945

Canna-Global

Acquisition

Corp.,

expiring

5/2/2024

*(c)

188,580

3,960

Cetus

Capital

Acquisition

Corp.,

expiring

5/3/2024

(2)*(c)

27,102

515

CF

Acquisition

Corp.

VII,

expiring

4/20/2024

*(c)

48,764

4,589

Churchill

Capital

Corp.

VII,

expiring

4/17/2024

*(c)

16,600

5,312

Clean

Energy

Special

Situations

Corp.,

expiring

4/24/2024

*(c)

20,106

503

Concord

Acquisition

Corp.

II,

expiring

6/3/2024

*(c)

95,464

10,625

Conx

Corp.,

expiring

5/3/2024

*(c)

92,500

18,491

Corner

Growth

Acquisition

Corp.,

expiring

6/30/2024

*(c)

110,400

17,278

Digital

Health

Acquisition

Corp.,

expiring

5/8/2024

*(c)

71,745

12,182

Direct

Selling

Acquisition

Corp.,

expiring

4/28/2024

*(c)

51,291

8,207

dMY

Squared

Technology

Group,

Inc.,

expiring

4/29/2024

(2)*(c)

6,140

922

DUET

Acquisition

Corp.,

expiring

4/24/2024

(3)*(c)

73,788

2,221

Everest

Consolidator

Acquisition

Corp.,

expiring

4/28/2024

(3)*(c)

65,508

12,374

ExcelFin

Acquisition

Corp.,

expiring

4/25/2024

*(c)

67,393

3,639

Feutune

Light

Acquisition

Corp.,

expiring

4/21/2024

(2)*(c)

94,079

3,199

Financial

Strategies

Acquisition

Corp.,

expiring

8/7/2024

(3)*(c)

131,193

–

Fintech

Ecosystem

Development

Corp.,

expiring

4/21/2024

(3)*(c)

5,365

103

Focus

Impact

Acquisition

Corp.,

expiring

4/1/2024

*(c)

50,975

2,350

Focus

Impact

BH3

Acquisition

Co.,

expiring

7/31/2024

*(c)

42,289

2,580

Fortune

Rise

Acquisition

Corp.,

expiring

4/5/2024

(2)*(c)

49,324

1,978

Four

Leaf

Acquisition

Corp.,

expiring

6/22/2024

(2)*(c)

111,000

4,562

FTAC

Emerald

Acquisition

Corp.,

expiring

12/20/2024

*(c)

118,863

14,394

Future

Health

ESG

Corp.,

expiring

12/31/2024

(2)*(c)

45,911

3,214

FutureTech

II

Acquisition

Corp.,

expiring

4/18/2024

*(c)

38,964

1,520

Global

Blockchain

Acquisition

Corp.,

expiring

4/12/2024

*(c)

161,196

1,773

Global

Star

Acquisition,

Inc.,

expiring

4/22/2024

*(c)

‌

50,064

816

INVESTMENTS

NO.

OF

WARRANTS

VALUE

($)

Capital

Markets

-

0.1%

(continued)

Global

Systems

Dynamics,

Inc.,

expiring

12/31/2027

(2)*(c)

69,500

104

Globalink

Investment,

Inc.,

expiring

4/9/2024

*(c)

74,843

1,871

Goal

Acquisitions

Corp.,

expiring

8/8/2024

(2)*(c)

84,630

533

Golden

Arrow

Merger

Corp.,

expiring

4/19/2024

*(c)

131,733

25,056

Goldenstone

Acquisition

Ltd.,

expiring

4/21/2024

(2)*(c)

32,200

338

Gores

Holdings

IX,

Inc.,

expiring

12/6/2024

*(c)

552,098

154,587

Hennessy

Capital

Investment

Corp.

VI,

expiring

9/30/2024

*(c)

232,490

24,342

Inception

Growth

Acquisition

Ltd.,

expiring

4/13/2024

*(c)

56,259

2,250

Insight

Acquisition

Corp.,

expiring

4/7/2024

*(c)

25,170

657

Integral

Acquisition

Corp.

1,

expiring

4/5/2024

(2)*(c)

53,808

5,381

Integrated

Rail

and

Resources

Acquisition

Corp.,

expiring

4/15/2024

(2)*(c)

54,219

108

InterPrivate

III

Financial

Partners,

Inc.,

expiring

12/31/2027

(3)*(c)

16,500

167

Iris

Acquisition

Corp.,

expiring

4/9/2024

(3)*(c)

63,888

3,035

Iron

Horse

Acquisitions

Corp.,

expiring

12/27/2024

*(c)

63,190

1,971

Learn

CW

Investment

Corp.,

expiring

4/13/2024

(2)*(c)

13,352

601

Maquia

Capital

Acquisition

Corp.,

expiring

8/7/2024

*(c)

113,500

3,621

Marblegate

Acquisition

Corp.,

expiring

10/5/2024

(2)*(c)

573,387

6,422

Metal

Sky

Star

Acquisition

Corp.,

expiring

4/5/2024

*(c)

103,342

1,013

Monterey

Capital

Acquisition

Corp.,

expiring

4/13/2024

(2)*(c)

71,394

1,428

New

Providence

Acquisition

Corp.

II,

expiring

5/9/2024

(2)*(c)

41,859

2,089

Newbury

Street

Acquisition

Corp.,

expiring

4/25/2024

*(c)

88,000

3,722

Northern

Star

Investment

Corp.

II,

expiring

1/31/2028

(3)*(c)

16,500

86

Northern

Star

Investment

Corp.

III,

expiring

2/25/2028

*(c)

13,777

14

Northern

Star

Investment

Corp.

IV,

expiring

12/31/2027

*(c)

13,777

1

NorthView

Acquisition

Corp.,

expiring

4/22/2024

(3)*(c)

‌

77,299

2,968

40

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

NO.

OF

WARRANTS

VALUE

($)

Capital

Markets

-

0.1%

(continued)

OCA

Acquisition

Corp.,

expiring

4/25/2024

*(c)

55,769

4,322

OceanTech

Acquisitions

I

Corp.,

expiring

6/2/2024

(3)*(c)

104,000

7,790

Osiris

Acquisition

Corp.,

expiring

5/18/2024

*(c)

254,000

7,620

Papaya

Growth

Opportunity

Corp.

I,

expiring

4/19/2024

(3)*(c)

206,644

7,294

PHP

Ventures

Acquisition

Corp.,

expiring

4/16/2024

(3)*(c)

14,700

370

Plutonian

Acquisition

Corp.,

expiring

5/15/2024

*(c)

15,166

455

PMV

Consumer

Acquisition

Corp.,

expiring

8/31/2027

(3)*(c)

146,000

423

Pono

Capital

Two,

Inc.,

expiring

11/9/2024

(2)*(c)

92,094

3,223

PowerUp

Acquisition

Corp.,

expiring

5/23/2024

*(c)

226,462

6,816

Priveterra

Acquisition

Corp.

II,

expiring

10/12/2024

(2)*(c)

72,083

2,955

Qomolangma

Acquisition

Corp.,

expiring

5/4/2024

(3)*(c)

23,684

379

Redwoods

Acquisition

Corp.,

expiring

4/4/2024

*(c)

74,885

5,908

Relativity

Acquisition

Corp.,

expiring

4/15/2024

(3)*(c)

89,748

–

RF

Acquisition

Corp.,

expiring

9/28/2024

(3)*(c)

114,573

1,226

Roth

CH

Acquisition

V

Co.,

expiring

5/3/2024

*(c)

14,143

1,073

ShoulderUp

Technology

Acquisition

Corp.,

expiring

5/19/2024

(3)*(c)

108,870

2,722

SilverBox

Corp.

III,

expiring

8/28/2024

(2)*(c)

35,738

5,361

Southport

Acquisition

Corp.,

expiring

12/14/2024

*(c)

182,986

1,043

TG

Venture

Acquisition

Corp.,

expiring

5/5/2024

(3)*(c)

215,235

1,550

Thunder

Bridge

Capital

Partners

IV,

Inc.,

expiring

7/2/2024

*(c)

64,400

10,304

Twelve

Seas

Investment

Co.

II,

expiring

5/2/2024

*(c)

32,933

3,096

Vision

Sensing

Acquisition

Corp.,

expiring

5/3/2024

(3)*(c)

38,412

1,002

Western

Acquisition

Ventures

Corp.,

expiring

4/11/2024

*(c)

67,539

2,040

Yotta

Acquisition

Corp.,

expiring

8/22/2024

*(c)

68,693

1,697

Zalatoris

Acquisition

Corp.,

expiring

4/14/2024

*(c)

54,960

3,567

689,932

INVESTMENTS

NO.

OF

WARRANTS

VALUE

($)

Financial

Services

-

0.0%

†

XBP

Europe

Holdings,

Inc.,

expiring

12/31/2027

*

4,723

189

a

Insurance

-

0.0%

†

Sagicor

Financial

Co.

Ltd.,

expiring

12/5/2024

(Canada)

(3)*

80,497

297

a

Mortgage

Real

Estate

Investment

Trusts

(REITs)

-

0.0%

†

Broadmark

Realty

Capital,

Inc.,

expiring

11/15/2024

(3)*

255,656

1,304

a

Total

Financials

691,722

Health

Care

-

0.0%

†

Biotechnology

-

0.0%

†

180

Life

Sciences

Corp.,

expiring

11/7/2025

*

156,696

1,159

Carmell

Corp.,

expiring

7/12/2028

(2)*

40,280

6,135

Ensysce

Biosciences,

Inc.,

expiring

2/1/2026

*

28,959

898

Peak

Bio,

Inc.,

expiring

12/31/2027

(3)*

5,171

52

ZyVersa

Therapeutics,

Inc.,

expiring

12/20/2026

(3)*

38,655

–

8,244

Health

Care

Equipment

&

Supplies

-

0.0%

†

QT

Imaging

Holdings,

Inc.,

expiring

12/31/2028

*

95,620

3,442

a

Health

Care

Technology

-

0.0%

†

iCoreConnect,

Inc.,

expiring

5/15/2028

(3)*

64,811

648

a

Life

Sciences

Tools

&

Services

-

0.0%

†

Conduit

Pharmaceuticals,

Inc.,

expiring

2/3/2027

*

73,327

4,400

a

Total

Health

Care

16,734

Industrials

-

0.0%

†

Aerospace

&

Defense

-

0.0%

†

AERWINS

Technology,

Inc.,

expiring

6/16/2026

*(a)

15,778

191

a

Commercial

Services

&

Supplies

-

0.0%

†

ESGL

Holdings

Ltd.,

expiring

4/13/2028

(Singapore)

*

24,712

166

Royalty

Management

Holding

Corp.,

expiring

5/28/2026

*

41,908

905

1,071

Construction

&

Engineering

-

0.0%

†

Southland

Holdings,

Inc.,

expiring

9/1/2026

*

26,884

11,904

a

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

41

(Continued)

INVESTMENTS

NO.

OF

WARRANTS

VALUE

($)

Electrical

Equipment

-

0.0%

†

Noco-Noco,

Inc.,

expiring

8/11/2028

*

1,622

12

Vast

Solar

Pty.

Ltd.,

expiring

6/29/2028

(Australia)

*

97,331

8,225

8,237

Machinery

-

0.0%

†

Nuburu,

Inc.,

expiring

9/7/2027

(2)*

226,362

611

a

Total

Industrials

22,014

Information

Technology

-

0.0%

†

Electronic

Equipment,

Instruments

&

Components

-

0.0%

†

MultiSensor

AI

Holdings,

Inc.,

expiring

12/19/2028

*

39,424

2,011

a

Software

-

0.0%

†

Banzai

International,

Inc.,

expiring

12/31/2026

*

52,689

1,923

a

Total

Information

Technology

3,934

Materials

-

0.0%

†

Chemicals

-

0.0%

†

Global

Gas

Corp.,

expiring

10/29/2027

(2)*

12,601

505

a

Metals

&

Mining

-

0.0%

†

Critical

Metals

Corp.,

expiring

6/6/2028

(Austria)

*

26,051

4,168

NioCorp

Developments

Ltd.,

expiring

3/17/2028

(Canada)

*

88,517

34,522

38,690

Total

Materials

39,195

Utilities

-

0.0%

†

Independent

Power

and

Renewable

Electricity

Producers

-

0.0%

†

Alternus

Clean

Energy,

Inc.,

expiring

12/22/2028

(3)*

94,880

1,376

a

TOTAL

WARRANTS

(Cost

$195,341)

822,895

NO.

OF

UNITS

SECURITIES

IN

LITIGATION

-

0.0%

Health

Care

-

0.0%

Health

Care

Equipment

&

Supplies

-

0.0%

DEMC

Ltd.,

Class

A

(United

Kingdom)

(acquired

1/24/2014

-

10/29/2015,

Cost

$129,686)

(3)*(d)

12,969

–

DEMC

Ltd.,

Class

A-2

(acquired

2/8/2023,

Cost

$–)

(3)*(d)

368,190,309

–

DEMC

Ltd.,

Class

A-3

(acquired

2/8/2023,

Cost

$–)

(3)*(d)

292,030,544,028

–

DEMC

Ltd.,

Class

A-4

(acquired

2/8/2023,

Cost

$–)

(3)*(d)

40,321,771,424,070

–

DEMC

Ltd.,

Class

B

(acquired

1/27/2014,

Cost

$11)

(3)*(d)

10,488

–

INVESTMENTS

NO.

OF

UNITS

VALUE

($)

Health

Care

Equipment

&

Supplies

-

0.0%

(continued)

DEMC

Ltd.,

Class

B-2

(Malaysia)

(acquired

4/12/2017,

Cost

$–)

(3)*(d)

513,897,326

–

DEMC

Ltd.,

Class

B-3

(acquired

9/5/2019,

Cost

$–)

(3)*(d)

489,352,292,604

–

DEMC

Ltd.,

Class

B-4

(acquired

1/31/2022,

Cost

$–)

(3)*(d)

40,321,771,424,070

–

Total

Health

Care

–

TOTAL

SECURITIES

IN

LITIGATION

(Cost

$129,697)

–

UNITS

-

0.0%

†

Financials

-

0.0%

†

Capital

Markets

-

0.0%

†

IB

Acquisition

Corp.*(c)

(Cost

$438,759)

43,870

438,920

SHARES

SHORT-TERM

INVESTMENTS

-

45.8%

INVESTMENT

COMPANIES

-

29.4%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

5.16%

(g)(h)

21,040,910

21,040,910

Limited

Purpose

Cash

Investment

Fund,

5.33%

(g)(i)

527,564,017

527,352,991

TOTAL

INVESTMENT

COMPANIES

(Cost

$548,283,319)

548,393,901

‌

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

16.4%

U.S.

Treasury

Bills

5.47%,

4/11/2024

(2)(a)(j)

$

36,203,000

36,150,315

5.48%,

4/18/2024

(2)(a)(j)(k)

64,919,000

64,757,633

5.47%,

4/25/2024

(2)(j)(k)

53,643,000

53,455,004

5.18%,

7/5/2024

(2)(j)(k)

47,000,000

46,356,626

5.24%,

9/26/2024

(2)(j)

107,614,000

104,890,579

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$305,629,470)

305,610,157

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$853,912,789)

854,004,058

TOTAL

LONG

POSITIONS

(Cost

$2,028,213,948)

2,081,662,161

SHARES

SHORT

POSITIONS

-

(25.5)%

COMMON

STOCKS

-

(24.1)%

Communication

Services

-

(0.5)%

Diversified

Telecommunication

Services

-

(0.0)%

†

Bandwidth,

Inc.,

Class

A

(733)

(13,385)

Entertainment

-

(0.1)%

Atlanta

Braves

Holdings,

Inc.,

Class

A

(19,111)

(800,751)

Eventbrite,

Inc.,

Class

A

(16,537)

(90,623)

(891,374)

42

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Interactive

Media

&

Services

-

(0.2)%

Alphabet,

Inc.,

Class

C

(10,693)

(1,628,116)

Match

Group,

Inc.

(56,734)

(2,058,310)

Snap,

Inc.,

Class

A

(36,086)

(414,267)

(4,100,693)

Media

-

(0.2)%

Charter

Communications,

Inc.,

Class

A

(68)

(19,763)

Liberty

Media

Corp-Liberty

SiriusXM,

Class

A

(120,330)

(3,573,801)

Paramount

Global,

Class

A

(18,237)

(398,113)

(3,991,677)

Total

Communication

Services

(8,997,129)

Consumer

Discretionary

-

(7.9)%

Automobile

Components

-

(0.7)%

LCI

Industries

(29,582)

(3,640,361)

Patrick

Industries,

Inc.

(72,334)

(8,641,743)

(12,282,104)

Automobiles

-

(0.5)%

Ferrari

NV

(Italy)

(7,615)

(3,319,683)

Stellantis

NV

(77,021)

(2,179,694)

Winnebago

Industries,

Inc.

(51,475)

(3,809,150)

(9,308,527)

Broadline

Retail

-

(0.0)%

†

Etsy,

Inc.

(15,332)

(1,053,615)

Hotels,

Restaurants

&

Leisure

-

(5.9)%

Carnival

Corp.

(1,473,371)

(24,074,882)

MakeMyTrip

Ltd.

(India)

(252,235)

(17,921,297)

Marriott

Vacations

Worldwide

Corp.

(11,142)

(1,200,328)

Norwegian

Cruise

Line

Holdings

Ltd.

(222,822)

(4,663,664)

Royal

Caribbean

Cruises

Ltd.

(441,868)

(61,424,071)

(109,284,242)

Household

Durables

-

(0.0)%

†

GoPro,

Inc.,

Class

A

(10,525)

(23,471)

Specialty

Retail

-

(0.3)%

Wayfair,

Inc.,

Class

A

(97,136)

(6,593,592)

Textiles,

Apparel

&

Luxury

Goods

-

(0.5)%

Under

Armour,

Inc.,

Class

C

(1,324,925)

(9,459,964)

Total

Consumer

Discretionary

(148,005,515)

Consumer

Staples

-

(0.5)%

Beverages

-

(0.1)%

Brown-Forman

Corp.,

Class

A

(40,011)

(2,118,583)

Consumer

Staples

Distribution

&

Retail

-

(0.3)%

Chefs'

Warehouse,

Inc.

(The)

(147,717)

(5,563,022)

Household

Products

-

(0.1)%

Central

Garden

&

Pet

Co.

(49,840)

(2,134,647)

Total

Consumer

Staples

(9,816,252)

INVESTMENTS

SHARES

VALUE

($)

Energy

-

(5.1)%

Energy

Equipment

&

Services

-

(0.1)%

Nabors

Industries

Ltd.

(26,207)

(2,257,209)

Oil,

Gas

&

Consumable

Fuels

-

(5.0)%

APA

Corp.

(351,035)

(12,068,583)

Chesapeake

Energy

Corp.

(405,021)

(35,978,016)

EQT

Corp.

(805,262)

(29,851,062)

Kosmos

Energy

Ltd.

(Ghana)

(551,225)

(3,285,301)

Northern

Oil

&

Gas,

Inc.

(199,102)

(7,900,367)

World

Kinect

Corp.

(161,244)

(4,264,904)

(93,348,233)

Total

Energy

(95,605,442)

Financials

-

(0.9)%

Capital

Markets

-

(0.3)%

Coinbase

Global,

Inc.,

Class

A

(7,024)

(1,862,203)

Penson

Worldwide,

Inc.

(3)

(212,307)

–

WisdomTree,

Inc.

(483,545)

(4,443,779)

(6,305,982)

Consumer

Finance

-

(0.5)%

EZCORP,

Inc.,

Class

A

(650,872)

(7,374,380)

SoFi

Technologies,

Inc.

(206,248)

(1,505,610)

(8,879,990)

Financial

Services

-

(0.1)%

Block,

Inc.,

Class

A

(3,525)

(298,144)

Shift4

Payments,

Inc.,

Class

A

(12,197)

(805,856)

(1,104,000)

Mortgage

Real

Estate

Investment

Trusts

(REITs)

-

(0.0)%

†

Hannon

Armstrong

Sustainable

Infrastructure

Capital,

Inc.

(6,507)

(184,799)

Total

Financials

(16,474,771)

Health

Care

-

(1.1)%

Biotechnology

-

(0.4)%

Bridgebio

Pharma,

Inc.

(27,167)

(840,004)

Exact

Sciences

Corp.

(65,932)

(4,553,264)

Halozyme

Therapeutics,

Inc.

(42,130)

(1,713,848)

Travere

Therapeutics,

Inc.

(36,060)

(278,023)

(7,385,139)

Health

Care

Equipment

&

Supplies

-

(0.3)%

Lantheus

Holdings,

Inc.

(31,257)

(1,945,436)

Tandem

Diabetes

Care,

Inc.

(52,164)

(1,847,127)

TransMedics

Group,

Inc.

(19,127)

(1,414,250)

(5,206,813)

Health

Care

Providers

&

Services

-

(0.0)%

†

Guardant

Health,

Inc.

(8,311)

(171,456)

Health

Care

Technology

-

(0.2)%

Evolent

Health,

Inc.,

Class

A

(99,929)

(3,276,672)

Teladoc

Health,

Inc.

(472)

(7,127)

(3,283,799)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

43

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Life

Sciences

Tools

&

Services

-

(0.0)%

†

Inotiv,

Inc.

(24,197)

(264,715)

Pharmaceuticals

-

(0.2)%

Innoviva,

Inc.

(217,237)

(3,310,692)

Total

Health

Care

(19,622,614)

Industrials

-

(2.4)%

Aerospace

&

Defense

-

(0.2)%

Spirit

AeroSystems

Holdings,

Inc.,

Class

A

(98,954)

(3,569,271)

Air

Freight

&

Logistics

-

(0.2)%

Air

Transport

Services

Group,

Inc.

(296,407)

(4,078,560)

Construction

&

Engineering

-

(0.6)%

WillScot

Mobile

Mini

Holdings

Corp.

(233,755)

(10,869,607)

Electrical

Equipment

-

(0.5)%

Array

Technologies,

Inc.

(349,805)

(5,215,593)

Bloom

Energy

Corp.,

Class

A

(330,934)

(3,719,698)

(8,935,291)

Machinery

-

(0.4)%

3D

Systems

Corp.

(3,814)

(16,934)

CNH

Industrial

NV

(62,885)

(814,990)

Greenbrier

Cos.,

Inc.

(The)

(133,239)

(6,941,752)

(7,773,676)

Passenger

Airlines

-

(0.2)%

American

Airlines

Group,

Inc.

(152,778)

(2,345,142)

JetBlue

Airways

Corp.

(8,970)

(66,557)

Spirit

Airlines,

Inc.

(202,244)

(978,861)

(3,390,560)

Professional

Services

-

(0.3)%

Clarivate

plc

(5,565)

(41,348)

CSG

Systems

International,

Inc.

(50,874)

(2,622,046)

First

Advantage

Corp.

(121,961)

(1,978,207)

(4,641,601)

Trading

Companies

&

Distributors

-

(0.0)%

†

Xometry,

Inc.,

Class

A

(41,712)

(704,516)

Total

Industrials

(43,963,082)

Information

Technology

-

(4.6)%

Communications

Equipment

-

(0.5)%

Infinera

Corp.

(1,198,486)

(7,226,870)

Lumentum

Holdings,

Inc.

(59,888)

(2,835,697)

(10,062,567)

Electronic

Equipment,

Instruments

&

Components

-

(0.2)%

Vishay

Intertechnology,

Inc.

(127,786)

(2,898,187)

IT

Services

-

(0.0)%

†

DigitalOcean

Holdings,

Inc.

(3,539)

(135,119)

INVESTMENTS

SHARES

VALUE

($)

Semiconductors

&

Semiconductor

Equipment

-

(2.0)%

MACOM

Technology

Solutions

Holdings,

Inc.

(49,487)

(4,732,937)

ON

Semiconductor

Corp.

(51,975)

(3,822,761)

Semtech

Corp.

(197,823)

(5,438,154)

SMART

Global

Holdings,

Inc.

(38,156)

(1,004,266)

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.,

ADR

(Taiwan)

(163,220)

(22,206,081)

Wolfspeed,

Inc.

(9,417)

(277,802)

(37,482,001)

Software

-

(0.8)%

8x8,

Inc.

(458,740)

(1,238,598)

Cerence,

Inc.

(116,422)

(1,833,647)

PagerDuty,

Inc.

(205,324)

(4,656,748)

Progress

Software

Corp.

(90,993)

(4,850,837)

Rapid7,

Inc.

(51,873)

(2,543,852)

Unity

Software,

Inc.

(346)

(9,238)

(15,132,920)

Technology

Hardware,

Storage

&

Peripherals

-

(1.1)%

Seagate

Technology

Holdings

plc

(4,364)

(406,070)

Western

Digital

Corp.

(284,426)

(19,409,230)

(19,815,300)

Total

Information

Technology

(85,526,094)

Materials

-

(0.2)%

Metals

&

Mining

-

(0.2)%

MP

Materials

Corp.

(255,266)

(3,650,304)

Real

Estate

-

(0.1)%

Office

REITs

-

(0.1)%

COPT

Defense

Properties,

REIT

(85,636)

(2,069,822)

Real

Estate

Management

&

Development

-

(0.0)%

†

Redfin

Corp.

(970)

(6,450)

Total

Real

Estate

(2,076,272)

Utilities

-

(0.8)%

Electric

Utilities

-

(0.7)%

Alliant

Energy

Corp.

(44,370)

(2,236,248)

Duke

Energy

Corp.

(21,874)

(2,115,435)

Evergy,

Inc.

(63,996)

(3,416,106)

FirstEnergy

Corp.

(65,425)

(2,526,713)

PPL

Corp.

(27,360)

(753,221)

Southern

Co.

(The)

(26,670)

(1,913,306)

(12,961,029)

Multi-Utilities

-

(0.1)%

CenterPoint

Energy,

Inc.

(65,847)

(1,875,981)

Total

Utilities

(14,837,010)

TOTAL

COMMON

STOCKS

(Proceeds

$(429,452,006))

(448,574,485)

44

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

EXCHANGE

TRADED

FUNDS

-

(0.0)%

†

Financials

-

(0.0)%

†

Capital

Markets

-

(0.0)%

†

VanEck

Gold

Miners

ETF

(Proceeds

$(410,980))

(13,683)

(432,657)

PRINCIPAL

AMOUNT

CORPORATE

BONDS

-

(0.1)%

Financials

-

(0.1)%

Capital

Markets

-

(0.1)%

HAT

Holdings

I

LLC

3.75%,

9/15/2030

(2)(f)

(Proceeds

$(2,621,862))

$

(3,150,000)

(2,645,679)

CONVERTIBLE

BONDS

-

(1.3)%

Financials

-

(0.2)%

Financial

Services

-

(0.2)%

Global

Payments,

Inc.

1.50%,

3/1/2031

(2)(f)

(3,550,000)

(3,752,350)

Industrials

-

(0.5)%

Ground

Transportation

-

(0.5)%

Uber

Technologies,

Inc.

Series

2028,

0.88%,

12/1/2028

(2)(f)

(7,000,000)

(8,659,000)

Information

Technology

-

(0.3)%

Software

-

(0.3)%

Confluent,

Inc.

0.00%,

1/15/2027

(2)

(1,400,000)

(1,198,865)

Envestnet,

Inc.

2.63%,

12/1/2027

(2)

(4,700,000)

(4,965,550)

(6,164,415)

Total

Information

Technology

(6,164,415)

Real

Estate

-

(0.3)%

Health

Care

REITs

-

(0.2)%

Welltower

OP

LLC

2.75%,

5/15/2028

(2)(f)

(3,500,000)

(3,895,850)

Real

Estate

Management

&

Development

-

(0.1)%

Zillow

Group,

Inc.

1.38%,

9/1/2026

(2)

(1,650,000)

(2,032,597)

Total

Real

Estate

(5,928,447)

TOTAL

CONVERTIBLE

BONDS

(Proceeds

$(24,499,531))

(24,504,212)

TOTAL

SHORT

POSITIONS

(Proceeds

$(456,984,379))

(476,157,033)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

86.2%

(Cost

$1,571,229,569)

1,605,505,128

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

13.8%

‡

258,881,049

NET

ASSETS

-

100.0%

1,864,386,177

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

36,236,559

1.9

%

Consumer

Discretionary

104,060,680

5.7

Consumer

Staples

5,476,352

0.4

Energy

14,283,591

0.8

Financials

205,408,768

11.0

Health

Care

89,288,217

4.7

Industrials

102,717,932

5.5

Information

Technology

93,597,429

5.1

Materials

24,415,738

1.3

Real

Estate

27,227,452

1.4

Utilities

48,788,352

2.6

Investment

Companies

548,393,901

29.4

U.S.

Treasury

Obligations

305,610,157

16.4

Total

Investments

In

Securities

At

Value

1,605,505,128

86.2

Other

Assets

in

Excess

of

Liabilities

‡

258,881,049

13.8

Net

Assets

$

1,864,386,177

100.0%

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

45

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation/(depreciation)

on

forward

foreign

currency

exchange,

futures

and

swap

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$769,005,683;

additional

securities

sold

but

not

yet

settled

totaling

$3,890,878

were

also

segregated.

In

addition,

$164,888,028

of

cash

collateral

was

also

pledged.

(b)

Securities

are

subject

to

contractual

sale

restrictions

of

up

to

twelve

months.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$907,750.

Circumstances

that

could

cause

a

lapse

in

the

contractual

sale

restrictions

include

but

are

not

limited

to

amendments

to

the

original

contractual

provision

and

market

conditions.

(c)

Special

Purpose

Acquisition

Company.

(d)

Restricted

securities. 

Securities

acquired

through

a

private

placement

transaction

exempt

from

registration

under

the

Securities

Act

of 1933

and/

or may

be

subject

to

legal

or

contractual

restrictions

on

resale

(excluding

144A

securities).

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$0,

which

represents

0.00%

of

net

assets

of

the

Fund.

(e)

Defaulted

security.

(f)

Securities

exempt

from

registration

under

Rule

144A

or

section

4(2),

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$239,616,757,

which

represents

12.85%

of

net

assets

of

the

Fund.

(g)

Represents

7-day

effective

yield

as

of

March

31,

2024.

(h)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts.

(i)

For

the

period

ended

March

31,

2024,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

(j)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(k)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

Affiliate

Value

At

12/31/2023

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2024

Shares

Held

At

3/31/2024

Dividend

Income

Capital

Gain

Distributions

SHORT-TERM

INVESTMENTS

-

28.3%

INVESTMENT

COMPANIES

-

28.3%

Limited

Purpose

Cash

Investment

Fund,

5.33%

(a)

(Cost

$527,242,409)

$333,797,563

$770,808,021

$(577,254,354)

$15,350

$(13,589)

$527,352,991

527,564,017

$4,776,562

$–

(a)

Represents

7-day

effective

yield

as

of

March

31,

2024.

All

bonds

are

denominated

in

US

dollars,

unless

noted

otherwise.

All

securities

are

United

States

companies,

unless

noted

otherwise

in

parentheses.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

(3)

Security

fair

valued

using

significant

unobservable

inputs

(Level

3)

in

accordance

with

procedures

approved

by

the

Board

of

Trustees.

Credit

default

swap

contracts

outstanding

-

buy

protection

as

of

March

31,

2024:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

PAID

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Markit

CDX

North

America

High

Yield

Index

Series

42.V1

5.00

%

Quarterly

6/20/2029

3.29

%

USD

89,800,000

$

(6,205,627)

$

(379,514)

$

(6,585,141)

$

(6,205,627)

$

(379,514)

$

(6,585,141)

46

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

Total

return

swap

contracts

outstanding

as

of

March

31,

2024

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

S&P

500

Total

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(0.57%)

Monthly

JPMC

06/28/2024

USD

(54,098,607)

$

–

Net

unrealized

appreciation

$

–

Futures

contracts

outstanding

as

of

March

31,

2024:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

U.S.

Treasury

10

Year

Note

(546)

6/2024

USD

$

(60,452,438)

$

(323,416)

U.S.

Treasury

2

Year

Note

(928)

6/2024

USD

(189,725,249)

267,445

U.S.

Treasury

5

Year

Note

(760)

6/2024

USD

(81,290,313)

(72,441)

Net

value

$

(128,412)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

7,611,781

EUR

6,980,012

CITI

6/20/2024

$

56,965

USD

7,611,820

EUR

6,980,013

JPMC

6/20/2024

57,003

USD

7,752,593

JPY

1,146,810,075

CITI

6/20/2024

83,314

USD

7,752,631

JPY

1,146,810,075

JPMC

6/20/2024

83,353

USD

10,084,934

TWD

317,869,392

CITI

**

6/20/2024

114,398

USD

10,084,985

TWD

317,869,392

JPMC

**

6/20/2024

114,449

Total

unrealized

appreciation

509,482

EUR

407,386

USD

445,064

CITI

6/20/2024

(4,129)

EUR

407,388

USD

445,064

JPMC

6/20/2024

(4,127)

JPY

1,146,810,075

USD

7,683,312

CITI

6/20/2024

(14,034)

JPY

1,146,810,075

USD

7,683,274

JPMC

6/20/2024

(13,995)

TWD

317,869,392

USD

10,192,888

CITI

**

6/20/2024

(222,352)

TWD

317,869,392

USD

10,192,837

JPMC

**

6/20/2024

(222,301)

Total

unrealized

depreciation

(480,938)

Net

unrealized

appreciation

$

28,544

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

47

(Continued)

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

AOISR

plus

or

minus

a

specified

spread

(0.04%),

which

is

denominated

in

AUD

based

on

the

local

currencies

of

the

positions

within

the

swap.

60-61

months

maturity

ranging

from

02/20/2029

-

03/29/2029

$16,123,541

$(22,477)

$39,493

$17,016

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

NOWA

plus

or

minus

a

specified

spread

(0.03%),

which

is

denominated

in

NOK

based

on

the

local

currencies

of

the

positions

within

the

swap.

57

months

maturity

11/24/2028

$6,124,372

$21,527

$(11,914)

$9,613

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

STIBOR

plus

or

minus

a

specified

spread

(0.03%),

which

is

denominated

in

SEK

based

on

the

local

currencies

of

the

positions

within

the

swap.

60

months

maturity

01/29/2029

$11,459,858

$138,293

$(20,015)

$118,278

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.03%

to

0.07%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

49-61

months

maturity

ranging

from

10/15/2026

-

07/21/2028

$6,228,099

$(380,263)

$(708,381)

$(1,088,644)

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(0.11%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

07/30/2027

$1,668,595

$166,835

$(150,459)

$16,376

48

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SONIA

plus

or

minus

a

specified

spread

(-0.23%),

which

is

denominated

in

GBP

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

03/21/2029

$395

$(395)

$2,704

$2,309

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

Federal

Funds

Effective

Rate

plus

or

minus

a

specified

spread

(-0.25%

to

0.25%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

12

months

maturity

10/08/2024

$10,142,805

$235,185

$1,661

$236,846

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

BNPP

The

Fund

receives

the

total

return

on

a

portfolio

of

short

equity

positions

and

fixed

income

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.02%

to

0.07%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

43

months

maturity

06/25/2025

$137,028,225

$(4,784,653)

$(8,542,641)

$(13,327,294)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

PRINCIPAL

AMOUNT

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Convertible

Bonds

United

States

Bandwidth,

Inc.,

0.50%,

4/1/2028

8,255,000

5,938,306

(1,309,041)

9.8

Cable

One,

Inc.,

0.00%,

3/15/2026

7,050,000

6,140,550

(1,089,225)

8.2

Exact

Sciences

Corp.,

0.38%,

3/1/2028

11,850,000

10,927,896

(348,060)

2.6

Exact

Sciences

Corp.,

0.38%,

3/15/2027

9,889,000

9,451,339

(1,261,987)

9.5

Green

Plains,

Inc.,

2.25%,

3/15/2027

5,650,000

5,764,446

(1,938,549)

14.5

Liberty

Broadband

Corp.,

3.13%,

3/31/2053

14,500,000

13,832,127

(411,003)

3.1

Liberty

Media

Corp.,

2.38%,

9/30/2053

14,968,000

17,487,219

2,715,794

(20.4)

PetIQ,

Inc.,

4.00%,

6/1/2026

2,975,000

2,989,594

(1,275,134)

9.6

Stride,

Inc.,

1.13%,

9/1/2027

18,800,000

24,879,092

6,725,889

(50.5)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

49

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

United

States

Bandwidth,

Inc.

(2,763)

(50,452)

4,643

(0.0)(a)

Charter

Communications,

Inc.

(4,933)

(1,433,678)

16,225

(0.1)

Exact

Sciences

Corp.

(92,999)

(6,422,511)

(264,984)

2.0

Green

Plains,

Inc.

(101,834)

(2,354,402)

265,068

(2.0)

Live

Nation

Entertainment,

Inc.

(104,153)

(11,016,263)

(1,967,200)

14.8

PetIQ,

Inc.

(34,563)

(631,812)

3,147

0.0(a)

Stride,

Inc.

(280,865)

(17,708,538)

(4,650,236)

34.9

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.04%

to

0.03%),

which

is

denominated

in

EUR

based

on

the

local

currencies

of

the

positions

within

the

swap.

55-61

months

maturity

ranging

from

09/21/2028

-

03/16/2029

$35,317,661

$(623,093)

$6,978

$(616,115)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Germany

Encavis

AG

313,970

5,706,724

(2,323)

0.4

MorphoSys

AG

212,503

15,431,403

410,362

(66.6)

Short

Positions

Common

Stocks

Ireland

Smurfit

Kappa

Group

plc

(310,983)

(14,179,534)

(1,031,132)

167.4

50

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SONIA

plus

or

minus

a

specified

spread

(-0.03%

to

0.03%),

which

is

denominated

in

GBP

based

on

the

local

currencies

of

the

positions

within

the

swap.

52-61

months

maturity

ranging

from

06/13/2028

-

04/03/2029

$23,890,339

$235,096

$(5,964)

$229,132

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

United

Arab

Emirates

Network

International

Holdings

plc

2,139,844

10,619,562

210,663

91.9

United

Kingdom

Redrow

plc

762,931

6,408,322

(13,947)

(6.1)

Spirent

Communications

plc

94,899

240,081

484

0.2

Virgin

Money

UK

plc

10,578

28,562

125

0.1

Short

Positions

Common

Stocks

United

Kingdom

Barratt

Developments

plc

(1,098,587)

(6,593,812)

37,771

16.5

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

equity

positions

and

pays

or

receives

the

TONAR

plus

or

minus

a

specified

spread

(0.01%),

which

is

denominated

in

JPY

based

on

the

local

currencies

of

the

positions

within

the

swap.

60-61

months

maturity

ranging

from

01/29/2029

-

03/23/2029

$26,511,828

$(10,848)

$(876)

$(11,724)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

51

(Continued)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Japan

JSR

Corp.

527,269

15,091,874

20,577

(175.5)

Shinko

Electric

Industries

Co.

Ltd.

305,943

11,419,954

(31,425)

268.0

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.03%

to

0.05%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

59-61

months

maturity

ranging

from

01/08/2029

-

03/05/2029

$27,529,445

$(366,905)

$32,377

$(334,528)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Taiwan

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

816,096

19,550,570

(368,560)

110.2

United

States

Callon

Petroleum

Co.

111,435

3,984,916

371,079

(110.9)

Short

Positions

Common

Stocks

United

States

APA

Corp.

(116,171)

(3,993,959)

(369,424)

110.4

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.03%

to

0.11%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

36-61

months

maturity

ranging

from

04/27/2026

-

03/21/2029

$603,343,623

$(2,610,081)

$(2,267,709)

$(4,877,790)

52

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Canada

Enerplus

Corp.

1,633,190

32,108,515

1,460,888

(29.9)

Sweden

Olink

Holding

AB,

ADR

265,436

6,240,400

(339,212)

7.0

United

States

Albertsons

Cos.,

Inc.

1,963,221

42,091,458

(647,979)

13.3

Amedisys,

Inc.

329,484

30,365,245

(169,132)

3.5

American

Equity

Investment

Life

Holding

Co.

485,457

27,292,393

1,074,934

(22.0)

ANSYS,

Inc.

96,187

33,392,279

1,064,236

(21.8)

Capri

Holdings

Ltd.

504,303

22,844,926

(3,287,027)

67.4

Catalent,

Inc.

394,428

22,265,461

193,270

(4.0)

Cerevel

Therapeutics

Holdings,

Inc.

476,834

20,155,773

(85,042)

1.7

Discover

Financial

Services

215,391

28,235,606

2,306,838

(47.3)

GNC

Holdings,

Inc.

Escrow(b)

32,241

–

–

0.0

Hawaiian

Holdings,

Inc.

874,936

11,662,897

(179,880)

3.7

Hess

Corp.

219,921

33,568,741

549,333

(11.3)

Juniper

Networks,

Inc.

828,027

30,686,681

289,809

(5.9)

Lakeland

Bancorp,

Inc.

241,688

2,924,425

(1,129,262)

23.2

National

Western

Life

Group,

Inc.

15,970

7,856,601

194,341

(4.0)

Pioneer

Natural

Resources

Co.

196,675

51,627,188

4,745,891

(97.3)

SP

Plus

Corp.

153,259

8,003,185

140,773

(2.9)

United

States

Steel

Corp.

387,554

15,804,452

740,228

(15.2)

Short

Positions

Common

Stocks

Canada

Brookfield

Asset

Management

Ltd.

(84,976)

(3,570,692)

(26,443)

0.5

United

States

Capital

One

Financial

Corp.

(219,527)

(32,685,375)

(2,770,431)

56.8

Chevron

Corp.

(225,419)

(35,557,593)

(1,498,697)

30.7

Chord

Energy

Corp.

(165,360)

(29,473,766)

(1,419,120)

29.1

Exxon

Mobil

Corp.

(456,360)

(53,047,286)

(4,743,753)

97.3

Provident

Financial

Services,

Inc.

(201,061)

(2,929,459)

1,192,948

(24.5)

Synopsys,

Inc.

(33,164)

(18,953,226)

(267,592)

5.5

(a)

Represents

less

than

0.05%

of

swap

value.

(b)

Security

fair

valued

using

significant

unobservable

inputs

as

of

March

31,

2024

in

accordance

with

procedures

approved

by

the

Board

of

Trustees.

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

DIVERSIFYING

STRATEGIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

53

(a)

For

the

period

ended

March

31,

2024,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

(b)

Represents

7-day

effective

yield

as

of

March

31,

2024.

All

securities

are

Level

1

with

respect

to

ASC

820.

The

Schedule

of

Investments

of

the

affiliated

investment

funds

held

by

the

AQR

Diversifying

Strategies

Fund

can

be

found

within

this

report

as

well

as

on

Form

N-CSR

and

Form

N-PORT

(Part

F)

which

are

filed

with

the

Securities

and

Exchange

Commission.

INVESTMENTS

SHARES

VALUE

($)

INVESTMENT

COMPANIES

-

98.0%

ALTERNATIVE

FUNDS

-

69.5%

AQR

Diversified

Arbitrage

Fund,

Class

R6

(a)

5,953,466

71,501,122

AQR

Equity

Market

Neutral

Fund,

Class

R6

(a)

14,638,049

139,354,227

AQR

Macro

Opportunities

Fund,

Class

R6

(a)

8,682,419

90,470,807

AQR

Managed

Futures

Strategy

HV

Fund,

Class

R6

(a)

9,985,740

90,470,807

AQR

Style

Premia

Alternative

Fund,

Class

R6

(a)

14,058,210

115,277,319

TOTAL

ALTERNATIVE

FUNDS

(Cost

$472,798,682)

507,074,282

ASSET

ALLOCATION

FUNDS

-

28.5%

AQR

Multi-Asset

Fund,

Class

R6

(a)

(Cost

$189,196,874)

20,051,778

207,936,936

TOTAL

INVESTMENT

COMPANIES

(Cost

$661,995,556)

715,011,218

INVESTMENTS

SHARES

VALUE

($)

SHORT-TERM

INVESTMENTS

-

1.8%

INVESTMENT

COMPANIES

-

1.8%

Limited

Purpose

Cash

Investment

Fund,

5.33%

(b)

(Cost

$13,390,380)

13,396,703

13,391,344

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

99.8%

(Cost

$675,385,936)

728,402,562

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

0.2%

1,186,309

NET

ASSETS

-

100.0%

729,588,871

SECTOR

VALUE

%

OF

NET

ASSETS

Equity

Market

Neutral

$

139,354,227

19.1

%

Global

Flexible

Allocation

207,936,936

28.5

Global

Macro

90,470,807

12.4

Multi-Strategy

115,277,319

15.8

Relative

Value

Arbitrage

71,501,122

9.8

Systematic

Trend

90,470,807

12.4

Investment

Companies

13,391,344

1.8

Total

Investments

In

Securities

At

Value

728,402,562

99.8

Other

Assets

in

Excess

of

Liabilities

1,186,309

0.2

Net

Assets

$

729,588,871

100.0%

Affiliate

Value

At

12/31/2023

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2024

Shares

Held

At

3/31/2024

Dividend

Income

Capital

Gain

Distributions

INVESTMENT

COMPANIES

-

98.0%

ALTERNATIVE

FUNDS

-

69.5%

AQR

Diversified

Arbitrage

Fund

$

29,606,975

$

41,883,783

$

(409,535)

$

(4,727)

$

424,626

$

71,501,122

5,953,466

$

–

$

–

AQR

Equity

Market

Neutral

Fund

86,334,843

42,164,913

(1,250,320)

(262,831)

12,367,622

139,354,227

14,638,049

–

–

AQR

Macro

Opportunities

Fund

55,914,242

30,441,687

(773,428)

(79,692)

4,967,998

90,470,807

8,682,419

–

–

AQR

Managed

Futures

Strategy

HV

Fund

55,914,242

27,308,952

(4,818,521)

(54,097)

12,120,231

90,470,807

9,985,740

–

–

AQR

Style

Premia

Alternative

Fund

86,334,843

42,043,890

(32,804,772)

(495,792)

20,199,150

115,277,319

14,058,210

–

–

(897,139)

50,079,627

507,074,282

–

–

ASSET

ALLOCATION

FUNDS

-

28.5%

AQR

Multi-Asset

Fund

128,869,445

67,017,678

(1,782,573)

2,719

13,829,667

207,936,936

20,051,778

–

–

TOTAL

$(894,420)

$63,909,294

$715,011,218

$–

$–

54

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

101.6%

COMMON

STOCKS

-

5.8%

Italy

-

3.4%

A2A

SpA

(2)(a)

21,659

39,072

Assicurazioni

Generali

SpA

(2)(a)

7,242

183,320

Azimut

Holding

SpA

(2)(a)

31,633

859,955

Banca

Generali

SpA

(2)(a)

592

23,524

Banco

BPM

SpA

(2)(a)

260,216

1,731,289

Brunello

Cucinelli

SpA

(2)(a)

2,435

278,291

Buzzi

SpA

(2)(a)

33,086

1,299,385

Enel

SpA

(2)(a)

200,230

1,321,818

Eni

SpA

(2)(a)

12,766

202,137

Intesa

Sanpaolo

SpA

(2)(a)

447,816

1,625,814

Italgas

SpA

(2)(a)

23,381

136,212

Leonardo

SpA

(2)(a)

38,359

963,718

Mediobanca

Banca

di

Credito

Finanziario

SpA

(2)(a)

4,075

60,724

Nexi

SpA

(2)*(a)(b)

37,673

238,690

Pirelli

&

C

SpA

(2)(a)(b)

195,302

1,195,834

Poste

Italiane

SpA

(2)(a)(b)

143,337

1,795,182

Prysmian

SpA

(2)(a)

444

23,156

UniCredit

SpA

(2)(a)

29,378

1,115,756

Unipol

Gruppo

SpA

(2)(a)

217,150

1,819,702

14,913,579

United

States

-

2.4%

ADT,

Inc.

(a)

16,597

111,532

Alaska

Air

Group,

Inc.

*(a)

2,245

96,513

Alcoa

Corp.

(a)(c)

1,459

49,300

Alphabet,

Inc.,

Class

A

*(a)

2,069

312,274

Altria

Group,

Inc.

(a)

1,380

60,196

AT&T,

Inc.

(a)

10,366

182,442

Citigroup,

Inc.

(a)

8,514

538,424

Citizens

Financial

Group,

Inc.

(a)

4,825

175,099

Clorox

Co.

(The)

(a)(c)

650

99,522

ConocoPhillips

(a)

48

6,109

Costco

Wholesale

Corp.

(a)

20

14,653

Crocs,

Inc.

*(a)

497

71,469

CubeSmart,

REIT

(a)(c)

4,602

208,102

DoorDash,

Inc.,

Class

A

*(a)

4,869

670,558

DraftKings,

Inc.,

Class

A

*(a)

2,260

102,627

Driven

Brands

Holdings,

Inc.

*(a)(c)

8,186

129,257

eBay,

Inc.

(a)

3,062

161,612

Entergy

Corp.

(a)

1,176

124,280

Etsy,

Inc.

*(a)(c)

671

46,111

Five

Below,

Inc.

*(a)(c)

1,688

306,169

Fox

Corp.,

Class

A

(a)(c)

3,228

100,940

Genuine

Parts

Co.

(a)

1,455

225,423

Grand

Canyon

Education,

Inc.

*(a)

(c)

89

12,123

Grocery

Outlet

Holding

Corp.

*(a)(c)

11,959

344,180

Hasbro,

Inc.

(a)

4,759

268,979

Helen

of

Troy

Ltd.

*(a)

1,870

215,499

Laboratory

Corp.

of

America

Holdings

(a)(c)

1,948

425,559

Las

Vegas

Sands

Corp.

(a)

1,424

73,621

Macy's,

Inc.

(a)(c)

27,113

541,988

McCormick

&

Co.,

Inc.

(Non-Voting)

(a)(c)

332

25,501

Meta

Platforms,

Inc.,

Class

A

(a)

238

115,568

INVESTMENTS

SHARES

VALUE

($)

United

States

-

2.4%

(continued)

Mister

Car

Wash,

Inc.

*(a)(c)

15,325

118,769

News

Corp.,

Class

A

(a)(c)

12,737

333,455

Nordstrom,

Inc.

(a)(c)

19,595

397,191

Pool

Corp.

(a)(c)

83

33,491

Popular,

Inc.

2,478

218,287

Public

Storage,

REIT

(a)

613

177,807

RingCentral,

Inc.,

Class

A

*(a)

6,309

219,175

Ross

Stores,

Inc.

(a)

742

108,896

Service

Corp.

International

(a)(c)

2,608

193,540

Stellantis

NV

(2)(a)

6,409

182,074

Tenaris

SA

(2)(a)

43,037

850,894

Texas

Roadhouse,

Inc.,

Class

A

(a)

256

39,544

Toast,

Inc.,

Class

A

*(a)(c)

1,131

28,185

Uber

Technologies,

Inc.

*(a)

103

7,930

United

Parcel

Service,

Inc.,

Class

B

(a)

431

64,060

VF

Corp.

(a)(c)

1,428

21,906

Wendy's

Co.

(The)

(a)(c)

14,047

264,645

Wingstop,

Inc.

(a)(c)

185

67,784

Wynn

Resorts

Ltd.

(a)

13,106

1,339,825

Zoom

Video

Communications,

Inc.,

Class

A

*(a)

3,489

228,076

10,711,164

TOTAL

COMMON

STOCKS

(Cost

$20,648,210)

25,624,743

SHORT-TERM

INVESTMENTS

-

95.8%

INVESTMENT

COMPANIES

-

53.1%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

5.16%

(d)(e)

8,527,670

8,527,670

Limited

Purpose

Cash

Investment

Fund,

5.33%

(d)

225,555,394

225,465,171

TOTAL

INVESTMENT

COMPANIES

(Cost

$233,955,050)

233,992,841

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

42.7%

U.S.

Treasury

Bills

5.49%,

4/4/2024

(2)(f)

$

3,376,000

3,374,540

5.47%,

4/11/2024

(2)(f)(g)

4,337,000

4,330,688

5.48%,

4/18/2024

(2)(f)(g)

9,903,000

9,878,385

5.47%,

4/25/2024

(2)(f)(g)

21,083,000

21,009,113

5.47%,

5/2/2024

(2)(f)(g)

2,544,000

2,532,434

5.40%,

5/9/2024

(2)(f)(g)

3,773,000

3,752,016

5.41%,

5/16/2024

(2)(f)(g)

20,882,000

20,745,513

5.37%,

5/23/2024

(2)(f)(g)

1,105,000

1,096,622

5.33%,

6/6/2024

(2)(f)(g)

6,334,000

6,273,413

5.15%,

7/25/2024

(2)(f)(g)

5,002,000

4,919,718

5.11%,

8/1/2024

(2)(f)(g)

1,231,000

1,209,436

5.18%,

8/8/2024

(2)(f)(g)

6,467,000

6,348,265

5.20%,

8/15/2024

(2)(f)(g)

9,097,000

8,921,465

5.23%,

8/22/2024

(2)(f)(g)

19,647,000

19,246,526

5.27%,

8/29/2024

(2)(f)(g)

6,285,000

6,151,188

5.24%,

9/5/2024

(2)(f)(g)

6,417,000

6,273,743

5.23%,

9/12/2024

(2)(f)(g)

25,368,000

24,778,387

5.27%,

9/19/2024

(2)(f)(g)

‌

19,541,000

19,065,918

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

55

(Continued)

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

42.7%

(continued)

5.24%,

9/26/2024

(2)(f)

$

18,333,000

17,869,041

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$187,783,277)

187,776,411

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$421,738,327)

421,769,252

TOTAL

LONG

POSITIONS

(Cost

$442,386,537)

447,393,995

SHARES

SHORT

POSITIONS

-

(4.4)%

COMMON

STOCKS

-

(4.4)%

Italy

-

(1.9)%

Amplifon

SpA

(2)

(16,130)

(587,982)

Davide

Campari-Milano

NV

(2)

(91,777)

(922,357)

DiaSorin

SpA

(2)

(5,810)

(560,693)

ERG

SpA

(2)

(1,973)

(49,534)

Ferrari

NV

(2)

(5,679)

(2,476,247)

FinecoBank

Banca

Fineco

SpA

(2)

(52,932)

(792,752)

Hera

SpA

(2)

(48,841)

(172,100)

Infrastrutture

Wireless

Italiane

SpA

(2)(b)

(42,957)

(487,475)

Interpump

Group

SpA

(2)

(12,297)

(599,317)

Moncler

SpA

(2)

(4,582)

(341,912)

Recordati

Industria

Chimica

e

Farmaceutica

SpA

(2)

(8,273)

(456,816)

Reply

SpA

(2)

(3,155)

(446,470)

Snam

SpA

(2)

(55,443)

(261,785)

Telecom

Italia

SpA

(794,065)

(192,838)

Terna

-

Rete

Elettrica

Nazionale

(2)

(20,316)

(167,926)

(8,516,204)

United

States

-

(2.5)%

AbbVie,

Inc.

(788)

(143,495)

Advance

Auto

Parts,

Inc.

(8,813)

(749,897)

Affirm

Holdings,

Inc.,

Class

A

(6,734)

(250,909)

AutoZone,

Inc.

(90)

(283,649)

Blackstone,

Inc.

(804)

(105,621)

Capital

One

Financial

Corp.

(1,973)

(293,760)

Carnival

Corp.

(1,740)

(28,432)

Chevron

Corp.

(2,060)

(324,944)

Choice

Hotels

International,

Inc.

(4,636)

(585,759)

CMS

Energy

Corp.

(1,431)

(86,347)

Coca-Cola

Co.

(The)

(5,987)

(366,285)

Dollar

Tree,

Inc.

(2,009)

(267,498)

Expedia

Group,

Inc.

(3,873)

(533,506)

Extra

Space

Storage,

Inc.,

REIT

(2,716)

(399,252)

Fifth

Third

Bancorp

(4,386)

(163,203)

IAC,

Inc.

(547)

(29,177)

Kroger

Co.

(The)

(5,925)

(338,495)

Lowe's

Cos.,

Inc.

(232)

(59,097)

Lucid

Group,

Inc.

(269,431)

(767,877)

M&T

Bank

Corp.

(1,499)

(218,015)

Match

Group,

Inc.

(3,033)

(110,037)

MGM

Resorts

International

(4,383)

(206,921)

Microsoft

Corp.

(276)

(116,119)

Monster

Beverage

Corp.

(3,300)

(195,624)

NIKE,

Inc.,

Class

B

(2,167)

(203,655)

O'Reilly

Automotive,

Inc.

(818)

(923,423)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(2.5)%

(continued)

Penn

Entertainment,

Inc.

(34,070)

(620,414)

Planet

Fitness,

Inc.,

Class

A

(1,263)

(79,102)

PNC

Financial

Services

Group,

Inc.

(The)

(1,421)

(229,634)

RH

(1,479)

(515,077)

Roku,

Inc.,

Class

A

(3,404)

(221,839)

T-Mobile

US,

Inc.

(3,103)

(506,472)

Ulta

Beauty,

Inc.

(134)

(70,066)

Under

Armour,

Inc.,

Class

A

(9,247)

(68,243)

United

Airlines

Holdings,

Inc.

(140)

(6,703)

UnitedHealth

Group,

Inc.

(585)

(289,400)

Walgreens

Boots

Alliance,

Inc.

(1,571)

(34,075)

Wyndham

Hotels

&

Resorts,

Inc.

(3,273)

(251,203)

Yum!

Brands,

Inc.

(927)

(128,529)

(10,771,754)

TOTAL

COMMON

STOCKS

(Proceeds

$(18,311,291))

(19,287,958)

TOTAL

SHORT

POSITIONS

(Proceeds

$(18,311,291))

(19,287,958)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

97.2%

(Cost

$424,075,246)

428,106,037

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

2.8%

‡

12,080,905

NET

ASSETS

-

100.0%

440,186,942

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(503,159)

(0.1)

%

Consumer

Discretionary

(1,843,509)

(0.4)

Consumer

Staples

(1,580,283)

(0.5)

Energy

734,197

0.2

Financials

8,360,058

1.9

Health

Care

(1,612,825)

(0.4)

Industrials

678,613

0.2

Information

Technology

(115,339)

0.0

†

Materials

1,348,684

0.3

Real

Estate

(13,343)

0.0

†

Utilities

883,690

0.2

Investment

Companies

233,992,842

53.1

U.S.

Treasury

Obligations

187,776,411

42.7

Total

Investments

In

Securities

At

Value

428,106,037

97.2

Other

Assets

in

Excess

of

Liabilities

‡

12,080,905

2.8

Net

Assets

$

440,186,942

100.0%

56

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation/(depreciation)

on

forward

foreign

currency

exchange

and

swap

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$21,007,731,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

(b)

Securities

exempt

from

registration

under

Rule

144A

or

section

4(2),

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$2,742,231,

which

represents

0.62%

of

net

assets

of

the

Fund.

(c)

All

or

a

portion

of

this

security

has

been

rehypothecated

in

connection

with

the

Fund's

Master

Securities

Loan

Agreement

with

State

Street

Bank

and

Trust

Company.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$3,381,589.

(d)

Represents

7-day

effective

yield

as

of

March

31,

2024.

(e)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts.

(f)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(g)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

293

DKK

2,000

CITI

6/20/2024

$

3

USD

293

DKK

2,000

JPMC

6/20/2024

3

USD

3,480,251

EUR

3,187,500

CITI

6/20/2024

30,261

USD

3,480,269

EUR

3,187,500

JPMC

6/20/2024

30,278

USD

25,634

HKD

200,000

CITI

6/20/2024

23

USD

25,634

HKD

200,000

JPMC

6/20/2024

23

USD

20,580

SGD

27,500

CITI

6/20/2024

139

USD

20,580

SGD

27,500

JPMC

6/20/2024

139

Total

unrealized

appreciation

60,869

CHF

500

USD

574

CITI

6/20/2024

(15)

CHF

500

USD

574

JPMC

6/20/2024

(15)

Total

unrealized

depreciation

(30)

Net

unrealized

appreciation

$

60,839

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

57

(Continued)

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

NIBOR

plus

or

minus

a

specified

spread

(-0.23%

to

0.23%),

which

is

denominated

in

NOK

based

on

the

local

currencies

of

the

positions

within

the

swap.

13-61

months

maturity

ranging

from

04/24/2025

-

03/14/2029

$4,141,227

$(8,003)

$(9,577)

$(17,580)

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.20%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

41

months

maturity

08/09/2027

$1,055,251

$(69,483)

$1,121

$(68,362)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.50%

to

0.23%),

which

is

denominated

in

CHF

based

on

the

local

currencies

of

the

positions

within

the

swap.

13-61

months

maturity

ranging

from

04/23/2025

-

03/14/2029

$32,781,722

$(89,439)

$25,891

$(63,548)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Switzerland

ABB

Ltd.

(Registered)

33,053

1,533,339

(16,966)

26.7

Adecco

Group

AG

(Registered)

39,607

1,566,944

12,704

(20.0)

Belimo

Holding

AG

(Registered)

94

46,134

(1,145)

1.8

BKW

AG

223

34,267

1,529

(2.4)

DKSH

Holding

AG

10,186

692,921

(19,765)

31.1

Flughafen

Zurich

AG

(Registered)

1,090

247,507

8,441

(13.3)

Galenica

AG

1,566

130,677

271

(0.4)

58

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Switzerland

(continued)

Georg

Fischer

AG

(Registered)

21,558

1,598,877

(57,684)

90.8

Julius

Baer

Group

Ltd.

1,943

112,691

5,442

(8.6)

Kuehne

+

Nagel

International

AG

(Registered)

1,157

321,899

15,410

(24.2)

Logitech

International

SA

(Registered)

18,933

1,696,573

48,582

(76.5)

Lonza

Group

AG

(Registered)

156

93,225

10,542

(16.6)

Novartis

AG

(Registered)

37,011

3,584,828

74,764

(117.6)

Sonova

Holding

AG

(Registered)

290

83,982

(2,293)

3.6

Swiss

Life

Holding

AG

(Registered)

35

24,549

83

(0.1)

Temenos

AG

(Registered)

3,691

264,019

3,396

(5.3)

Zurich

Insurance

Group

AG

2,315

1,250,596

4,344

(6.8)

United

States

Holcim

AG

15,646

1,417,477

73,641

(115.9)

Roche

Holding

AG

3,240

827,234

2,369

(3.7)

Swiss

Re

AG

3,596

462,571

5,620

(8.8)

Short

Positions

Common

Stocks

Switzerland

Alcon,

Inc.

(3,570)

(295,280)

1,768

(2.8)

Avolta

AG

(6,411)

(266,937)

(13,796)

21.7

Bachem

Holding

AG

(10,391)

(995,075)

(60,651)

95.4

Baloise

Holding

AG

(Registered)

(432)

(67,740)

807

(1.3)

Barry

Callebaut

AG

(Registered)

(141)

(204,817)

465

(0.7)

Chocoladefabriken

Lindt

&

Spruengli

AG

(113)

(1,352,477)

20,789

(32.7)

Cie

Financiere

Richemont

SA

(Registered)

(4,937)

(751,611)

26,014

(40.9)

Clariant

AG

(Registered)

(4,186)

(56,636)

(2,330)

3.7

EMS-Chemie

Holding

AG

(Registered)

(933)

(715,069)

(41,066)

64.6

Geberit

AG

(Registered)

(262)

(154,838)

(1,737)

2.7

Givaudan

SA

(Registered)

(38)

(169,166)

2,157

(3.4)

Helvetia

Holding

AG

(Registered)

(3,151)

(434,431)

21,177

(33.3)

Partners

Group

Holding

AG

(783)

(1,118,504)

5,835

(9.2)

Schindler

Holding

AG

(319)

(80,298)

2,578

(4.1)

SGS

SA

(Registered)

(2,909)

(282,413)

(8,560)

13.5

SIG

Group

AG

(111,943)

(2,482,254)

(142,479)

224.2

Sika

AG

(Registered)

(3,266)

(971,800)

(13,203)

20.8

Straumann

Holding

AG

(Registered)

(12,128)

(1,935,116)

(1,978)

3.1

Swatch

Group

AG

(The)

(1,465)

(341,759)

(5,662)

8.9

Swisscom

AG

(Registered)

(1,326)

(811,585)

(37,320)

58.7

Tecan

Group

AG

(Registered)

(1,831)

(758,638)

(17,183)

27.0

UBS

Group

AG

(Registered)

(53,628)

(1,651,256)

17,316

(27.2)

VAT

Group

AG

(722)

(372,981)

(5,516)

8.7

United

States

Nestle

SA

(Registered)

(4,901)

(520,731)

(6,149)

9.7

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

59

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CIBOR

plus

or

minus

a

specified

spread

(-0.23%

to

0.23%),

which

is

denominated

in

DKK

based

on

the

local

currencies

of

the

positions

within

the

swap.

13-59

months

maturity

ranging

from

04/24/2025

-

01/29/2029

$14,660,947

$(111,591)

$27,784

$(83,807)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Denmark

AP

Moller

-

Maersk

A/S

302

393,761

4,481

(5.3)

Carlsberg

A/S

11,572

1,584,730

45,891

(54.8)

Danske

Bank

A/S

34,733

1,042,560

2,155

(2.6)

Demant

A/S

13,000

646,143

(4,999)

6.0

Genmab

A/S

1,635

490,220

7,087

(8.5)

ISS

A/S

81,471

1,484,307

28,426

(33.9)

Jyske

Bank

A/S

(Registered)

3,766

319,002

11,789

(14.1)

Pandora

A/S

3,300

532,640

(12,440)

14.8

ROCKWOOL

A/S

552

181,622

10,286

(12.3)

Royal

Unibrew

A/S

4,540

300,407

12,070

(14.4)

Vestas

Wind

Systems

A/S

9,563

266,747

2,064

(2.5)

Short

Positions

Common

Stocks

Denmark

Ambu

A/S

(39,607)

(651,853)

18,112

(21.6)

Coloplast

A/S

(11,415)

(1,541,220)

(4,768)

5.7

DSV

A/S

(15,520)

(2,522,848)

(189,410)

226.0

GN

Store

Nord

A/S

(1,867)

(49,380)

(6,255)

7.5

Novo

Nordisk

A/S

(6,349)

(814,408)

25,104

(30.0)

Novonesis

(Novozymes)

(5,429)

(319,342)

170

(0.2)

Orsted

A/S

(15,404)

(860,758)

(70,489)

84.1

Tryg

A/S

(31,968)

(658,999)

9,135

(10.9)

60

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.23%

to

0.23%),

which

is

denominated

in

EUR

based

on

the

local

currencies

of

the

positions

within

the

swap.

13-61

months

maturity

ranging

from

04/23/2025

-

03/14/2029

$54,773,602

$533,372

$(46,018)

$487,354

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Belgium

Ageas

SA/NV

30,915

1,432,156

93,381

19.2

Proximus

SADP

83,172

672,796

8,794

1.8

China

Prosus

NV

34,272

1,072,727

62,773

12.9

Finland

Fortum

OYJ

91,893

1,134,527

(27,379)

(5.6)

Kone

OYJ

9,329

434,611

4,451

0.9

UPM-Kymmene

OYJ

22,893

762,718

41,534

8.5

Wartsila

OYJ

Abp

48,920

743,463

(4,128)

(0.8)

Luxembourg

ArcelorMittal

SA

21,873

601,226

26,150

5.4

Netherlands

Aegon

Ltd.

72,291

441,035

23,158

4.8

Akzo

Nobel

NV

8,437

630,392

29,279

6.0

Argenx

SE

1,796

708,115

62,502

12.8

BE

Semiconductor

Industries

NV

5,207

797,601

(3,184)

(0.7)

EXOR

NV

8,157

907,763

10,585

2.2

Koninklijke

Ahold

Delhaize

NV

25,184

753,551

15,892

3.3

Koninklijke

KPN

NV

240,290

898,783

36,302

7.4

Koninklijke

Philips

NV

89,923

1,799,715

(51,883)

(10.6)

Koninklijke

Vopak

NV

13,945

537,813

36,378

7.5

NN

Group

NV

27,057

1,249,089

54,908

11.3

Wolters

Kluwer

NV

2,740

429,056

(162)

(0.0)(a)

Spain

Acerinox

SA

126,375

1,387,808

76,221

15.6

Banco

de

Sabadell

SA

2,013,778

3,168,035

137,308

28.2

Banco

Santander

SA

559,465

2,732,669

235,361

48.3

Bankinter

SA

126,417

926,255

25,568

5.2

Industria

de

Diseno

Textil

SA

15,266

768,739

27,931

5.7

Mapfre

SA

330,838

836,417

99,011

20.3

Repsol

SA

60,532

1,010,353

15,106

3.1

Telefonica

SA

244,199

1,078,444

51,500

10.6

United

States

Signify

NV

27,145

835,645

60,168

12.3

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

61

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Belgium

D'ieteren

Group

(4,478)

(992,781)

(37,675)

(7.7)

Elia

Group

SA/NV

(6,308)

(680,917)

(22,496)

(4.6)

Lotus

Bakeries

NV

(70)

(675,900)

(25,677)

(5.3)

Umicore

SA

(22,110)

(476,683)

16,367

3.4

Finland

Metso

OYJ

(59,751)

(709,774)

(27,763)

(5.7)

Nokia

OYJ

(137,693)

(488,548)

(9,177)

(1.9)

Stora

Enso

OYJ

(64,960)

(903,337)

(81,974)

(16.8)

Netherlands

ASR

Nederland

NV

(13,203)

(647,076)

(41,134)

(8.4)

Heineken

NV

(15,116)

(1,457,298)

(82,868)

(17.0)

IMCD

NV

(5,742)

(1,010,650)

(21,967)

(4.5)

SBM

Offshore

NV

(31,348)

(500,680)

(27,203)

(5.6)

Universal

Music

Group

NV

(17,979)

(540,275)

(23,355)

(4.8)

Spain

Acciona

SA

(5,050)

(614,588)

(12,563)

(2.6)

Amadeus

IT

Group

SA

(23,472)

(1,506,825)

(54,311)

(11.1)

CaixaBank

SA

(119,615)

(580,441)

8,915

1.8

Cellnex

Telecom

SA

(57,776)

(2,043,809)

(66,649)

(13.7)

Corp.

ACCIONA

Energias

Renovables

SA

(49,715)

(1,083,318)

(6,326)

(1.3)

Fluidra

SA

(22,986)

(543,963)

(8,813)

(1.8)

Iberdrola

SA

(75,992)

(943,848)

(43,254)

(8.9)

Naturgy

Energy

Group

SA

(34,048)

(738,932)

(14,563)

(3.0)

Redeia

Corp.

SA

(52,060)

(889,240)

(21,211)

(4.4)

Switzerland

DSM-Firmenich

AG

(23,573)

(2,681,006)

(37,123)

(7.6)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

STIBOR

plus

or

minus

a

specified

spread

(-0.23%

to

0.23%),

which

is

denominated

in

SEK

based

on

the

local

currencies

of

the

positions

within

the

swap.

13-61

months

maturity

ranging

from

04/23/2025

-

03/14/2029

$27,603,373

$442,164

$(82,030)

$360,134

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Guatemala

Millicom

International

Cellular

SA

26,816

546,808

45,762

12.7

62

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Sweden

AAK

AB

9,018

214,297

9,910

2.8

AddTech

AB

780

17,745

533

0.1

Alfa

Laval

AB

13,497

530,356

1,395

0.4

Billerud

Aktiebolag

79,489

713,307

13,174

3.7

Boliden

AB

19,920

553,131

23,773

6.6

Electrolux

AB

109,516

977,876

53,579

14.9

Elekta

AB

112,914

851,091

15,840

4.4

Embracer

Group

AB

140,590

306,275

82,413

22.9

Essity

AB

3,464

82,284

2,092

0.6

Evolution

AB

8,664

1,076,103

(29,237)

(8.1)

Getinge

AB

22,857

459,721

14,069

3.9

H

&

M

Hennes

&

Mauritz

AB

95,664

1,559,905

257,215

71.4

Hexpol

AB

16,311

199,171

6,102

1.7

Husqvarna

AB

3,075

26,313

2,417

0.7

Saab

AB

10,096

898,069

62,772

17.4

SKF

AB

12,075

246,509

(15,206)

(4.2)

SSAB

AB

96,949

715,837

11,544

3.2

Swedbank

AB

3,056

60,655

(3,583)

(1.0)

Telia

Co.

AB

249,227

638,757

36,412

10.1

Trelleborg

AB

56,762

2,029,694

(76,078)

(21.1)

Volvo

AB

20,491

555,336

(29,971)

(8.3)

Volvo

Car

AB

259,606

982,865

124,545

34.6

Short

Positions

Common

Stocks

Sweden

Assa

Abloy

AB

(8,358)

(239,860)

(5,065)

(1.4)

Atlas

Copco

AB

(34,421)

(581,321)

3,939

1.1

Axfood

AB

(11,272)

(327,714)

(12,005)

(3.3)

Beijer

Ref

AB

(54,577)

(810,354)

(121,513)

(33.7)

Epiroc

AB

(106,303)

(1,995,580)

23,422

6.5

EQT

AB

(35,403)

(1,120,842)

(16,152)

(4.5)

Hexagon

AB

(66,995)

(791,943)

(13,026)

(3.6)

Holmen

AB

(14,712)

(598,483)

(19,569)

(5.4)

Indutrade

AB

(17,614)

(479,749)

(21,298)

(5.9)

Lifco

AB

(33,128)

(865,115)

(7,823)

(2.2)

Nibe

Industrier

AB

(154,202)

(758,273)

34,058

9.5

Sandvik

AB

(15,218)

(337,851)

3,928

1.1

Securitas

AB

(52,748)

(543,781)

(6,889)

(1.9)

Skandinaviska

Enskilda

Banken

AB

(13,427)

(181,903)

10,834

3.0

Skanska

AB

(12,128)

(215,982)

3,260

0.9

Svenska

Cellulosa

AB

SCA

(73,033)

(1,122,810)

(86,060)

(23.9)

Svenska

Handelsbanken

AB

(74,594)

(754,144)

84,550

23.5

Swedish

Orphan

Biovitrum

AB

(26,971)

(673,267)

1,512

0.4

Tele2

AB

(5,409)

(44,416)

(645)

(0.2)

Telefonaktiebolaget

LM

Ericsson

(170,668)

(917,880)

(22,766)

(6.3)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

63

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CORRA

plus

or

minus

a

specified

spread

(-1.14%

to

0.23%),

which

is

denominated

in

CAD

based

on

the

local

currencies

of

the

positions

within

the

swap.

14

months

maturity

ranging

from

08/26/2024

-

02/25/2025

$38,310,416

$(119,051)

$755,694

$636,643

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Canada

Air

Canada

90,658

1,312,468

44,173

6.9

Alamos

Gold,

Inc.

28,971

427,117

31,226

4.9

Atco

Ltd.

16,154

449,719

(358)

(0.1)

Bank

of

Nova

Scotia

(The)

15,045

778,268

18,993

3.0

Bombardier,

Inc.

14,233

611,014

(7,565)

(1.2)

Cameco

Corp.

7,587

328,450

9,242

1.5

Canadian

Imperial

Bank

of

Commerce

7,825

396,695

2,022

0.3

Cenovus

Energy,

Inc.

41,439

828,443

3,977

0.6

Descartes

Systems

Group,

Inc.

(The)

3,247

297,001

(3,116)

(0.5)

Empire

Co.

Ltd.

18,319

447,376

5,410

0.8

Fairfax

Financial

Holdings

Ltd.

1,203

1,296,741

(32,310)

(5.1)

Finning

International,

Inc.

23,431

688,633

39,612

6.2

George

Weston

Ltd.

3,659

494,359

(9,157)

(1.4)

Imperial

Oil

Ltd.

10,681

736,721

(2,129)

(0.3)

Manulife

Financial

Corp.

34,918

872,080

21,912

3.4

Nutrien

Ltd.

6,112

332,053

9,927

1.6

Nuvei

Corp.

9,982

315,551

27,929

4.4

Open

Text

Corp.

8,587

333,198

(4,121)

(0.6)

Shopify,

Inc.

18,035

1,391,353

(26,362)

(4.1)

SNC-Lavalin

Group,

Inc.

16,317

667,352

2,289

0.4

Stantec,

Inc.

7,032

583,824

(16,820)

(2.6)

Suncor

Energy,

Inc.

28,388

1,047,666

838

0.1

TFI

International,

Inc.

4,731

754,417

(1,886)

(0.3)

Whitecap

Resources,

Inc.

86,594

655,264

(3,196)

(0.5)

Zambia

First

Quantum

Minerals

Ltd.

46,475

499,558

32,595

5.1

Short

Positions

Common

Stocks

Canada

Alimentation

Couche-Tard,

Inc.

(9,061)

(517,150)

3,077

0.5

BCE,

Inc.

(15,357)

(521,858)

(907)

(0.1)

Brookfield

Corp.

(12,181)

(509,704)

(3,327)

(0.5)

Brookfield

Infrastructure

Corp.

(9,306)

(335,265)

(16,214)

(2.5)

Element

Fleet

Management

Corp.

(30,076)

(486,039)

(2,442)

(0.4)

Emera,

Inc.

(21,248)

(747,770)

(5,333)

(0.8)

64

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Canada

(continued)

Enbridge,

Inc.

(11,282)

(407,703)

(1,416)

(0.2)

Fortis,

Inc.

(8,654)

(341,931)

(575)

(0.1)

Franco-Nevada

Corp.

(2,937)

(349,955)

(11,860)

(1.9)

Gildan

Activewear,

Inc.

(15,457)

(573,640)

5,820

0.9

Hydro

One

Ltd.

(33,992)

(991,240)

21,080

3.3

Intact

Financial

Corp.

(4,807)

(780,874)

(4,365)

(0.7)

Pan

American

Silver

Corp.

(22,221)

(334,984)

(21,162)

(3.3)

RB

Global,

Inc.

(17,438)

(1,328,174)

(5,021)

(0.8)

Restaurant

Brands

International,

Inc.

(9,906)

(786,673)

(5,265)

(0.8)

Rogers

Communications,

Inc.

(9,720)

(398,258)

1,937

0.3

Royal

Bank

of

Canada

(7,437)

(750,096)

(8,510)

(1.3)

Teck

Resources

Ltd.

(26,346)

(1,205,900)

(65,547)

(10.3)

Thomson

Reuters

Corp.

(2,828)

(440,104)

981

0.2

Tourmaline

Oil

Corp.

(9,316)

(435,556)

(17,469)

(2.7)

WSP

Global,

Inc.

(2,529)

(421,503)

6,647

1.0

Chile

Lundin

Mining

Corp.

(113,778)

(1,164,197)

(60,478)

(9.5)

United

States

Brookfield

Renewable

Corp.

(14,384)

(352,976)

(3,929)

(0.6)

BRP,

Inc.

(10,202)

(685,004)

(59,199)

(9.3)

GFL

Environmental,

Inc.

(10,852)

(374,218)

2,724

0.4

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SORA

plus

or

minus

a

specified

spread

(-0.30%

to

0.23%),

which

is

denominated

in

SGD

based

on

the

local

currencies

of

the

positions

within

the

swap.

24

months

maturity

ranging

from

01/27/2025

-

03/11/2026

$5,672,287

$15,515

$4,261

$19,776

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

China

Wilmar

International

Ltd.

194,800

494,816

5,742

29.0

Yangzijiang

Shipbuilding

Holdings

Ltd.

417,576

590,641

9,236

46.7

Singapore

Genting

Singapore

Ltd.

572,119

375,217

230

1.2

Jardine

Cycle

&

Carriage

Ltd.

12,100

216,646

1,664

8.4

Oversea-Chinese

Banking

Corp.

Ltd.

5,800

57,953

(380)

(1.9)

Seatrium

Ltd.

1,036,900

60,600

702

3.5

Singapore

Airlines

Ltd.

97,300

461,154

1,406

7.1

United

Overseas

Bank

Ltd.

20,900

454,367

9,821

49.7

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

65

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Singapore

CapitaLand

Investment

Ltd/Singapore

(327,700)

(650,272)

2,580

13.0

City

Developments

Ltd.

(239,900)

(1,039,210)

(5,166)

(26.1)

DBS

Group

Holdings

Ltd.

(7,835)

(209,099)

(3,106)

(15.7)

Keppel

Ltd.

(56,600)

(307,567)

(1,564)

(7.9)

Singapore

Technologies

Engineering

Ltd.

(253,500)

(754,745)

(5,650)

(28.6)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

RBACR

plus

or

minus

a

specified

spread

(-2.25%

to

0.30%),

which

is

denominated

in

AUD

based

on

the

local

currencies

of

the

positions

within

the

swap.

17-49

months

maturity

07/22/2025

$26,251,645

$33,075

$(19,652)

$13,423

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Australia

AGL

Energy

Ltd.

68,436

372,171

(19,385)

(144.4)

ANZ

Group

Holdings

Ltd.

14,650

280,784

5,267

39.2

Aristocrat

Leisure

Ltd.

26,423

739,869

(23,946)

(178.4)

BlueScope

Steel

Ltd.

36,176

562,649

36,240

270.0

Brambles

Ltd.

29,152

306,799

20,136

150.0

Cochlear

Ltd.

3,671

807,368

11,480

85.5

Coles

Group

Ltd.

13,970

154,218

2,371

17.7

Harvey

Norman

Holdings

Ltd.

84,104

282,253

14,250

106.2

JB

Hi-Fi

Ltd.

24,946

1,044,303

50,570

376.7

Lendlease

Corp.

Ltd.

69,372

290,584

(10,942)

(81.5)

Northern

Star

Resources

Ltd.

30,061

283,643

16,249

121.1

Origin

Energy

Ltd.

144,580

867,295

14,644

109.1

Pro

Medicus

Ltd.

5,872

397,073

16,644

124.0

Qantas

Airways

Ltd.

211,679

751,490

31,440

234.2

QBE

Insurance

Group

Ltd.

44,163

522,038

15,819

117.8

Seven

Group

Holdings

Ltd.

23,587

626,793

(2,320)

(17.3)

Sonic

Healthcare

Ltd.

10,836

207,648

10,850

80.8

South32

Ltd.

80,692

157,457

(7,654)

(57.0)

Westpac

Banking

Corp.

16,697

283,985

(2,501)

(18.6)

Whitehaven

Coal

Ltd.

99,710

461,115

50,467

376.0

Worley

Ltd.

18,923

206,548

5,673

42.3

Yancoal

Australia

Ltd.

58,315

199,104

(6,481)

(48.3)

New

Zealand

Xero

Ltd.

9,046

785,459

(12,641)

(94.2)

66

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

States

James

Hardie

Industries

plc

30,530

1,227,105

38,784

288.9

Short

Positions

Common

Stocks

Australia

ALS

Ltd.

(22,602)

(193,253)

(1,192)

(8.9)

APA

Group

(73,196)

(401,187)

(7,200)

(53.6)

BHP

Group

Ltd.

(12,393)

(358,331)

(15,832)

(117.9)

Cleanaway

Waste

Management

Ltd.

(412,612)

(731,096)

(29,323)

(218.5)

Commonwealth

Bank

of

Australia

(24,702)

(1,937,612)

(62,948)

(469.0)

Domino's

Pizza

Enterprises

Ltd.

(21,054)

(594,828)

11,589

86.3

Endeavour

Group

Ltd.

(110,329)

(396,129)

(14,361)

(107.0)

IGO

Ltd.

(36,508)

(168,209)

13,550

100.9

Insurance

Australia

Group

Ltd.

(37,031)

(154,469)

(2,200)

(16.4)

Liontown

Resources

Ltd.

(790,237)

(601,720)

62,576

466.2

Lynas

Rare

Earths

Ltd.

(180,967)

(667,945)

8,957

66.7

Macquarie

Group

Ltd.

(3,892)

(506,262)

(2,873)

(21.4)

Mineral

Resources

Ltd.

(18,406)

(849,221)

(55,560)

(413.9)

National

Australia

Bank

Ltd.

(41,329)

(935,775)

(19,277)

(143.6)

NEXTDC

Ltd.

(27,079)

(313,678)

(5,578)

(41.6)

Pilbara

Minerals

Ltd.

(117,859)

(294,111)

6,956

51.8

Ramsay

Health

Care

Ltd.

(14,750)

(543,008)

(21,086)

(157.1)

REA

Group

Ltd.

(2,497)

(301,707)

(12,299)

(91.6)

Reece

Ltd.

(18,568)

(339,975)

(817)

(6.1)

Santos

Ltd.

(84,106)

(425,821)

(22,436)

(167.1)

Transurban

Group

(50,162)

(435,162)

(9,236)

(68.8)

Treasury

Wine

Estates

Ltd.

(54,234)

(439,925)

(2,043)

(15.2)

Wesfarmers

Ltd.

(4,181)

(186,368)

(5,158)

(38.4)

WiseTech

Global

Ltd.

(6,380)

(390,219)

2,917

21.7

Woodside

Energy

Group

Ltd.

(11,559)

(230,398)

(7,740)

(57.7)

United

States

CSL

Ltd.

(5,126)

(961,779)

(27,915)

(208.0)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.75%

to

0.28%),

which

is

denominated

in

EUR

based

on

the

local

currencies

of

the

positions

within

the

swap.

5-37

months

maturity

08/21/2024

$90,909,423

$1,129,879

$(11,898)

$1,117,981

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

67

(Continued)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

France

Air

France-KLM

84,605

941,825

64,844

5.8

Bouygues

SA

27,143

1,108,109

5,889

0.5

Cie

de

Saint-Gobain

SA

21,304

1,653,484

64,612

5.8

Dassault

Aviation

SA

5,033

1,108,116

129,114

11.5

Eiffage

SA

10,193

1,156,826

21,415

1.9

Engie

SA

155,177

2,600,356

34,924

3.1

Ipsen

SA

6,084

723,974

30,845

2.8

Orange

SA

119,064

1,400,195

38,601

3.5

Rexel

SA

57,450

1,551,888

40,817

3.7

Safran

SA

3,781

856,290

26,798

2.4

Societe

Generale

SA

78,018

2,090,338

94,674

8.5

Sodexo

SA

9,693

830,916

19,221

1.7

Verallia

SA

20,969

815,252

35,232

3.2

Vivendi

SE

131,947

1,437,937

22,398

2.0

Germany

Bayerische

Motoren

Werke

AG

16,705

1,927,404

17,412

1.6

Brenntag

SE

12,015

1,012,637

(1,281)

(0.1)

Commerzbank

AG

128,110

1,760,768

118,816

10.6

Deutsche

Bank

AG

(Registered)

84,092

1,324,471

99,171

8.9

Freenet

AG

25,440

715,928

27,584

2.5

HOCHTIEF

AG

7,460

866,875

8,130

0.7

KION

Group

AG

14,535

764,595

(2,367)

(0.2)

Mercedes-Benz

Group

AG

26,251

2,090,549

12,929

1.2

Muenchener

Rueckversicherungs-Gesellschaft

AG

in

Muenchen

(Registered)

3,255

1,588,899

23,402

2.1

Rheinmetall

AG

1,927

1,083,786

91,922

8.2

Scout24

SE

12,357

930,955

10,559

0.9

TeamViewer

SE

68,375

1,018,942

25,678

2.3

thyssenkrupp

AG

139,504

748,358

21,725

1.9

Singapore

STMicroelectronics

NV

25,221

1,085,468

(36,114)

(3.2)

Preferred

Stocks

Germany

Volkswagen

AG

(Preference)

7,378

978,500

59,785

5.3

Short

Positions

Common

Stocks

France

Aeroports

de

Paris

SA

(6,961)

(954,453)

(17,972)

(1.6)

Air

Liquide

SA

(4,874)

(1,014,029)

6,399

0.6

Airbus

SE

(5,063)

(932,750)

(41,207)

(3.7)

Alstom

SA

(50,048)

(762,150)

(55,095)

(4.9)

Capgemini

SE

(6,148)

(1,414,721)

61,070

5.5

EssilorLuxottica

SA

(6,308)

(1,426,943)

(17,548)

(1.6)

Hermes

International

SCA

(860)

(2,197,972)

7,899

0.7

Kering

SA

(3,589)

(1,421,544)

218,052

19.5

L'Oreal

SA

(1,742)

(824,962)

4,868

0.4

Pernod

Ricard

SA

(15,896)

(2,573,311)

(19,765)

(1.8)

Sartorius

Stedim

Biotech

(8,053)

(2,296,929)

4,517

0.4

68

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Germany

Beiersdorf

AG

(7,704)

(1,121,681)

(12,101)

(1.1)

Deutsche

Post

AG

(25,909)

(1,116,610)

(39,483)

(3.5)

Infineon

Technologies

AG

(33,578)

(1,141,838)

17,382

1.6

Merck

KGaA

(14,924)

(2,631,631)

(113,473)

(10.1)

MTU

Aero

Engines

AG

(3,929)

(996,497)

(45,734)

(4.1)

Siemens

Healthineers

AG

(28,348)

(1,733,695)

(36,325)

(3.2)

Wacker

Chemie

AG

(7,416)

(836,471)

13,609

1.2

Luxembourg

Eurofins

Scientific

SE

(27,415)

(1,746,348)

(90,054)

(8.1)

Preferred

Stocks

Germany

Dr

Ing

hc

F

Porsche

AG

(Preference)

(33,044)

(3,286,486)

(12,435)

(1.1)

Sartorius

AG

(Preference)

(5,503)

(2,185,299)

(71,165)

(6.4)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SONIA

plus

or

minus

a

specified

spread

(-0.28%

to

0.28%),

which

is

denominated

in

GBP

based

on

the

local

currencies

of

the

positions

within

the

swap.

4-36

months

maturity

07/19/2024

$85,914,269

$732,319

$16,489

$748,808

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Netherlands

Shell

plc

38,868

1,289,621

33,510

4.5

United

Kingdom

Associated

British

Foods

plc

54,785

1,728,514

135,370

18.1

Auto

Trader

Group

plc

86,268

761,825

(60,243)

(8.0)

Aviva

plc

116,405

730,406

24,159

3.2

BAE

Systems

plc

73,006

1,244,418

41,932

5.6

Barclays

plc

554,649

1,285,481

49,753

6.6

British

American

Tobacco

plc

52,234

1,585,359

3,767

0.5

Burberry

Group

plc

89,883

1,374,882

(49,997)

(6.7)

Centrica

plc

1,401,753

2,259,710

(34,087)

(4.6)

DCC

plc

14,096

1,025,571

5,775

0.8

Direct

Line

Insurance

Group

plc

311,962

767,995

(54,927)

(7.3)

easyJet

plc

149,008

1,072,557

68,260

9.1

Hiscox

Ltd.

55,865

874,324

9,166

1.2

HSBC

Holdings

plc

190,028

1,485,416

40,357

5.4

Imperial

Brands

plc

45,054

1,007,165

30,225

4.0

InterContinental

Hotels

Group

plc

13,675

1,420,995

35,370

4.7

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

69

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

Kingdom

(continued)

Intermediate

Capital

Group

plc

40,278

1,043,260

31,352

4.2

Man

Group

plc

314,244

1,060,570

70,202

9.4

Marks

&

Spencer

Group

plc

523,298

1,752,457

141,545

18.9

Melrose

Industries

plc

215,388

1,828,838

148,793

19.9

Pearson

plc

55,310

728,293

17,982

2.4

Rightmove

plc

113,385

785,902

(26,098)

(3.5)

Rolls-Royce

Holdings

plc

586,158

3,153,745

268,449

35.9

Spectris

plc

21,824

908,092

(6,408)

(0.9)

Taylor

Wimpey

plc

916,365

1,584,277

(26,853)

(3.6)

Tesco

plc

609,438

2,282,634

68,870

9.2

Vodafone

Group

plc

955,509

847,465

35,468

4.7

Weir

Group

plc

(The)

29,806

761,372

8,979

1.2

United

States

GSK

plc

94,152

2,021,481

47,887

6.4

Short

Positions

Common

Stocks

Australia

Glencore

plc

(382,615)

(2,099,623)

(58,814)

(7.9)

Rio

Tinto

plc

(35,038)

(2,215,274)

(54,528)

(7.3)

Burkina

Faso

Endeavour

Mining

plc

(71,864)

(1,458,277)

(132,197)

(17.7)

Chile

Antofagasta

plc

(75,296)

(1,934,054)

(98,456)

(13.1)

United

Kingdom

Admiral

Group

plc

(20,701)

(741,877)

(19,967)

(2.7)

Ashtead

Group

plc

(28,497)

(2,029,819)

(159,510)

(21.3)

AstraZeneca

plc

(19,026)

(2,556,026)

(85,019)

(11.4)

Croda

International

plc

(18,140)

(1,122,420)

(39,239)

(5.2)

Diageo

plc

(33,758)

(1,249,121)

(26,920)

(3.6)

Flutter

Entertainment

plc

(8,487)

(1,691,744)

112,134

15.0

Legal

&

General

Group

plc

(260,139)

(835,743)

(24,428)

(3.3)

Lloyds

Banking

Group

plc

(1,475,780)

(965,155)

(45,190)

(6.0)

NatWest

Group

plc

(307,461)

(1,029,792)

(98,055)

(13.1)

Rentokil

Initial

plc

(221,519)

(1,317,044)

2,622

0.4

RS

GROUP

plc

(77,976)

(714,969)

9,186

1.2

Severn

Trent

plc

(45,729)

(1,426,894)

23,531

3.1

Spirax-Sarco

Engineering

plc

(9,707)

(1,231,586)

49,329

6.6

SSE

plc

(36,275)

(756,261)

(19,589)

(2.6)

Unilever

plc

(38,996)

(1,957,671)

(81,696)

(10.9)

United

Utilities

Group

plc

(63,151)

(820,561)

(2,379)

(0.3)

Wise

plc

(159,216)

(1,861,134)

38,287

5.1

70

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

HONIX

plus

or

minus

a

specified

spread

(-2.75%

to

0.30%),

which

is

denominated

in

HKD

based

on

the

local

currencies

of

the

positions

within

the

swap.

17-49

months

maturity

07/22/2025

$10,130,334

$(121,085)

$5,032

$(116,053)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

China

BOC

Hong

Kong

Holdings

Ltd.

193,500

518,829

(5,286)

4.6

Xinyi

Glass

Holdings

Ltd.

75,659

80,291

(6,321)

5.4

Hong

Kong

AIA

Group

Ltd.

18,800

126,460

(15,377)

13.2

CK

Asset

Holdings

Ltd.

121,321

499,924

(67,394)

58.1

CLP

Holdings

Ltd.

29,500

235,299

(5,543)

4.8

Hang

Lung

Properties

Ltd.

29,000

29,822

(2,005)

1.7

Henderson

Land

Development

Co.

Ltd.

119,000

339,823

775

(0.7)

HKT

Trust

&

HKT

Ltd.

58,000

67,674

240

(0.2)

New

World

Development

Co.

Ltd.

373,000

394,366

(49,313)

42.5

Sun

Hung

Kai

Properties

Ltd.

6,500

62,788

(535)

0.5

Swire

Pacific

Ltd.

63,500

522,756

5,955

(5.1)

Swire

Properties

Ltd.

34,600

72,779

1,960

(1.7)

Techtronic

Industries

Co.

Ltd.

64,500

876,417

30,910

(26.6)

WH

Group

Ltd.

552,500

364,695

(2,373)

2.0

Macau

Sands

China

Ltd.

49,200

138,805

4,599

(4.0)

United

Kingdom

CK

Hutchison

Holdings

Ltd.

325,500

1,566,517

(124,009)

106.9

Short

Positions

Common

Stocks

China

Budweiser

Brewing

Co.

APAC

Ltd.

(164,100)

(242,036)

15,847

(13.7)

ESR

Group

Ltd.

(560,800)

(600,831)

33,274

(28.7)

SITC

International

Holdings

Co.

Ltd.

(150,000)

(274,239)

4,416

(3.8)

Wharf

Holdings

Ltd.

(The)

(20,000)

(65,748)

1,456

(1.3)

Hong

Kong

ASMPT

Ltd.

(13,600)

(171,081)

1,463

(1.3)

Hang

Seng

Bank

Ltd.

(3,600)

(39,462)

531

(0.5)

Hong

Kong

&

China

Gas

Co.

Ltd.

(1,191,000)

(902,738)

5,702

(4.9)

MTR

Corp.

Ltd.

(180,420)

(596,099)

(3,681)

3.2

Power

Assets

Holdings

Ltd.

(50,000)

(292,930)

1,567

(1.4)

Sino

Land

Co.

Ltd.

(152,000)

(158,023)

1,223

(1.1)

Wharf

Real

Estate

Investment

Co.

Ltd.

(227,000)

(739,090)

48,329

(41.6)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

71

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Macau

Galaxy

Entertainment

Group

Ltd.

(30,000)

(150,812)

2,505

(2.2)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

MUTSC

plus

or

minus

a

specified

spread

(-8.81%

to

0.28%),

which

is

denominated

in

JPY

based

on

the

local

currencies

of

the

positions

within

the

swap.

17-49

months

maturity

07/23/2025

$222,537,096

$1,510,493

$492,395

$2,002,888

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Japan

ANA

Holdings,

Inc.

82,700

1,728,369

(23,092)

(1.2)

Canon,

Inc.

54,500

1,623,831

26,417

1.3

Honda

Motor

Co.

Ltd.

349,300

4,322,131

98,365

4.9

Inpex

Corp.

173,300

2,634,366

110,080

5.5

Ito

En

Ltd.

56,000

1,369,733

(3,817)

(0.2)

Japan

Airlines

Co.

Ltd.

110,300

2,094,345

56,367

2.8

Japan

Post

Bank

Co.

Ltd.

156,400

1,680,567

(23,116)

(1.2)

Japan

Post

Insurance

Co.

Ltd.

76,800

1,468,044

30,263

1.5

Makita

Corp.

54,400

1,546,077

88,511

4.4

Mazda

Motor

Corp.

182,900

2,119,739

48,250

2.4

Mizuho

Financial

Group,

Inc.

202,930

4,013,004

36,980

1.8

NGK

Insulators

Ltd.

130,400

1,753,416

35,337

1.8

Nippon

Yusen

KK

55,500

1,523,702

(100,089)

(5.0)

Nissan

Motor

Co.

Ltd.

546,800

2,166,685

(19,720)

(1.0)

Otsuka

Corp.

75,200

1,595,628

(78,216)

(3.9)

Persol

Holdings

Co.

Ltd.

973,700

1,361,947

4,761

0.2

Ryohin

Keikaku

Co.

Ltd.

147,000

2,405,683

152,809

7.6

Santen

Pharmaceutical

Co.

Ltd.

157,900

1,552,838

43,515

2.2

Shimamura

Co.

Ltd.

37,600

2,143,622

(82,622)

(4.1)

Shionogi

&

Co.

Ltd.

36,500

1,865,215

(25,369)

(1.3)

Sojitz

Corp.

82,100

2,165,710

11,520

0.6

Subaru

Corp.

79,800

1,807,299

85,099

4.2

Tokyo

Electric

Power

Co.

Holdings,

Inc.

277,100

1,684,249

166,954

8.3

Tokyo

Electron

Ltd.

12,000

3,125,390

212,984

10.6

Toyota

Tsusho

Corp.

37,100

2,547,689

150,820

7.5

72

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Japan

Advantest

Corp.

(62,700)

(2,785,313)

(16,043)

(0.8)

Ajinomoto

Co.,

Inc.

(61,600)

(2,300,367)

(75,312)

(3.8)

Asahi

Intecc

Co.

Ltd.

(94,800)

(1,660,876)

156,781

7.8

Chiba

Bank

Ltd.

(The)

(217,400)

(1,809,025)

(47,623)

(2.4)

Chugai

Pharmaceutical

Co.

Ltd.

(35,700)

(1,364,290)

84,888

4.2

Ibiden

Co.

Ltd.

(31,200)

(1,397,347)

36,929

1.8

IHI

Corp.

(102,600)

(2,742,679)

(304,760)

(15.2)

Keisei

Electric

Railway

Co.

Ltd.

(34,200)

(1,390,748)

29,847

1.5

Keyence

Corp.

(8,300)

(3,853,366)

14,814

0.7

MINEBEA

MITSUMI,

Inc.

(74,500)

(1,461,324)

(18,619)

(0.9)

Nippon

Telegraph

&

Telephone

Corp.

(1,392,900)

(1,659,088)

5,436

0.3

Nissan

Chemical

Corp.

(68,400)

(2,590,724)

119,431

6.0

Nitori

Holdings

Co.

Ltd.

(20,400)

(3,091,663)

36,795

1.8

NTT

Data

Group

Corp.

(117,400)

(1,866,420)

26,653

1.3

Omron

Corp.

(50,200)

(1,797,513)

45,276

2.3

Resonac

Holdings

Corp.

(68,400)

(1,593,382)

(34,523)

(1.7)

SMC

Corp.

(5,000)

(2,820,801)

111,885

5.6

SoftBank

Group

Corp.

(29,100)

(1,728,115)

(38,400)

(1.9)

Sysmex

Corp.

(147,300)

(2,628,553)

91,765

4.6

Takeda

Pharmaceutical

Co.

Ltd.

(49,700)

(1,382,350)

49,422

2.5

Terumo

Corp.

(82,800)

(1,515,128)

73,266

3.7

Toyota

Motor

Corp.

(90,300)

(2,282,330)

(154,571)

(7.7)

Yamaha

Motor

Co.

Ltd.

(156,000)

(1,437,005)

(28,801)

(1.4)

Yaskawa

Electric

Corp.

(53,900)

(2,294,776)

(38,439)

(1.9)

ZOZO,

Inc.

(90,500)

(2,246,194)

66,822

3.3

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

Federal

Funds

Effective

Rate

plus

or

minus

a

specified

spread

(-27.76%

to

0.26%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

4-24

months

maturity

07/19/2024

$761,697,256

$840,969

$(103,600)

$737,369

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

United

States

3M

Co.

37,719

4,000,854

47,903

6.5

Adobe,

Inc.

6,982

3,523,117

(64,653)

(8.8)

Amazon.com,

Inc.

20,794

3,750,822

122,685

16.6

Apple,

Inc.

14,317

2,455,079

(32,070)

(4.3)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

73

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

States

(continued)

AT&T,

Inc.

139,439

2,454,126

41,832

5.7

Axis

Capital

Holdings

Ltd.

35,550

2,311,461

67,190

9.1

Baker

Hughes

Co.

81,015

2,714,002

89,927

12.2

Bank

of

America

Corp.

76,533

2,902,131

146,178

19.8

Booking

Holdings,

Inc.

1,034

3,751,228

182,966

24.8

Citigroup,

Inc.

39,183

2,477,933

180,634

24.5

Comcast

Corp.

52,026

2,255,327

11,966

1.6

Crocs,

Inc.

17,275

2,484,145

239,086

32.4

Crowdstrike

Holdings,

Inc.

7,904

2,533,943

(3,715)

(0.5)

DocuSign,

Inc.

58,631

3,491,476

83,842

11.4

DraftKings,

Inc.

76,358

3,467,417

144,317

19.6

Flowserve

Corp.

58,572

2,675,569

66,186

9.0

General

Motors

Co.

76,296

3,460,024

345,622

46.9

Genuine

Parts

Co.

14,494

2,245,555

21,161

2.9

GoDaddy,

Inc.

27,005

3,204,953

(19,984)

(2.7)

Humana,

Inc.

6,755

2,342,094

(3,175)

(0.4)

Kimberly-Clark

Corp.

24,677

3,191,970

126,346

17.1

Las

Vegas

Sands

Corp.

49,442

2,556,151

53,892

7.3

Molson

Coors

Beverage

Co.

41,883

2,816,632

(8,377)

(1.1)

NVIDIA

Corp.

2,527

2,283,296

48,038

6.5

Ross

Stores,

Inc.

15,780

2,315,873

38,661

5.2

Skechers

USA,

Inc.

41,586

2,547,558

44,913

6.1

Terex

Corp.

35,956

2,315,566

199,915

27.1

Texas

Roadhouse,

Inc.

20,379

3,147,944

50,336

6.8

Toll

Brothers,

Inc.

18,668

2,415,079

182,760

24.8

Valero

Energy

Corp.

14,813

2,528,431

65,177

8.8

Vertiv

Holdings

Co.

30,497

2,490,690

138,151

18.7

Wendy's

Co.

(The)

123,905

2,334,370

78,060

10.6

Wingstop,

Inc.

6,432

2,356,685

172,699

23.4

Zoom

Video

Communications,

Inc.

36,371

2,377,572

(31,279)

(4.2)

Short

Positions

Common

Stocks

United

States

Accenture

plc

(6,470)

(2,242,567)

168,608

22.9

BJ's

Wholesale

Club

Holdings,

Inc.

(30,510)

(2,308,082)

22,883

3.1

Celanese

Corp.

(19,133)

(3,288,197)

(182,720)

(24.8)

Columbia

Sportswear

Co.

(27,624)

(2,242,516)

(120,164)

(16.3)

HEICO

Corp.

(12,118)

(2,314,538)

(36,112)

(4.9)

Intuit,

Inc.

(5,829)

(3,788,850)

(114,307)

(15.5)

Lowe's

Cos.,

Inc.

(12,367)

(3,150,246)

(139,129)

(18.9)

Marriott

International,

Inc.

(8,801)

(2,220,580)

(33,356)

(4.5)

MGM

Resorts

International

(58,088)

(2,742,334)

(179,492)

(24.3)

Microsoft

Corp.

(6,332)

(2,663,999)

(21,529)

(2.9)

Murphy

USA,

Inc.

(6,658)

(2,791,034)

(39,615)

(5.4)

Planet

Fitness,

Inc.

(41,439)

(2,595,325)

(121,002)

(16.4)

RH

(7,390)

(2,573,641)

(508,357)

(68.9)

Southwest

Gas

Holdings,

Inc.

(32,639)

(2,484,807)

(201,709)

(27.4)

UnitedHealth

Group,

Inc.

(8,116)

(4,014,985)

(62,087)

(8.4)

Yum!

Brands,

Inc.

(17,095)

(2,370,222)

(40,686)

(5.5)

(a)

Represents

less

than

0.05%

of

swap

value.

74

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

88.2%

COMMON

STOCKS

-

1.9%

United

States

-

1.9%

ADT,

Inc.

(a)

16,460

110,611

Alphabet,

Inc.,

Class

A

*(a)

5,449

822,418

American

Airlines

Group,

Inc.

*(a)

(b)

60,501

928,690

AT&T,

Inc.

(a)

24,194

425,814

Axis

Capital

Holdings

Ltd.

(a)

824

53,576

Caesars

Entertainment,

Inc.

*(a)(b)

19,457

851,049

Citigroup,

Inc.

(a)

28,432

1,798,039

Citizens

Financial

Group,

Inc.

(a)

6,918

251,054

Clorox

Co.

(The)

(a)(b)

1,361

208,383

Crocs,

Inc.

*(a)

2,762

397,176

CubeSmart,

REIT

(a)(b)

9,677

437,594

DoorDash,

Inc.,

Class

A

*(a)

14,112

1,943,504

DraftKings,

Inc.,

Class

A

*(a)

4,786

217,332

Driven

Brands

Holdings,

Inc.

*(a)

11,305

178,506

eBay,

Inc.

(a)

6,383

336,895

Entergy

Corp.

(a)

2,769

292,628

Five

Below,

Inc.

*(a)(b)

4,862

881,870

Fox

Corp.,

Class

A

(a)

5,710

178,552

Genuine

Parts

Co.

(a)

3,017

467,424

Grand

Canyon

Education,

Inc.

*(a)

(b)

2,119

288,629

Grocery

Outlet

Holding

Corp.

*(a)

36,731

1,057,118

Hasbro,

Inc.

(a)

4,500

254,340

Helen

of

Troy

Ltd.

*(a)

5,712

658,251

Laboratory

Corp.

of

America

Holdings

(a)(b)

3,206

700,383

Las

Vegas

Sands

Corp.

(a)

1,021

52,786

Macy's,

Inc.

(a)(b)

86,548

1,730,094

Meta

Platforms,

Inc.,

Class

A

(a)

591

286,978

Mister

Car

Wash,

Inc.

*(a)(b)

47,470

367,893

News

Corp.,

Class

A

(a)(b)

25,585

669,815

Nordstrom,

Inc.

(a)(b)

52,708

1,068,391

Popular,

Inc.

8,885

782,680

Public

Storage,

REIT

(a)

732

212,324

RingCentral,

Inc.,

Class

A

*(a)

13,145

456,657

Service

Corp.

International

(a)(b)

3,150

233,762

Sirius

XM

Holdings,

Inc.

(a)(b)

184,292

715,053

Texas

Roadhouse,

Inc.,

Class

A

(a)

687

106,121

Wayfair,

Inc.,

Class

A

*(a)(b)

13,212

896,831

Wendy's

Co.

(The)

(a)(b)

32,549

613,223

Wingstop,

Inc.

(a)(b)

427

156,453

Wynn

Resorts

Ltd.

(a)

39,464

4,034,404

Zoom

Video

Communications,

Inc.,

Class

A

*(a)

10,242

669,520

TOTAL

COMMON

STOCKS

(Cost

$25,902,604)

26,792,821

INVESTMENTS

SHARES

VALUE

($)

SHORT-TERM

INVESTMENTS

-

86.3%

INVESTMENT

COMPANIES

-

30.0%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

5.16%

(c)(d)

3,395,658

3,395,658

Limited

Purpose

Cash

Investment

Fund,

5.33%

(c)(e)

429,490,191

429,318,395

TOTAL

INVESTMENT

COMPANIES

(Cost

$432,628,998)

432,714,053

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

56.3%

U.S.

Treasury

Bills

5.49%,

4/4/2024

(2)(f)

$

79,756,000

79,721,497

5.48%,

4/18/2024

(2)(f)

24,309,000

24,248,576

5.47%,

4/25/2024

(2)(f)(g)

29,305,000

29,202,298

5.47%,

5/2/2024

(2)(f)(g)

26,543,000

26,422,329

5.40%,

5/9/2024

(2)(f)(g)

24,588,000

24,451,248

5.41%,

5/16/2024

(2)(f)(g)

93,442,000

92,831,255

5.37%,

5/23/2024

(2)(f)(g)

87,641,000

86,976,516

5.38%,

5/30/2024

(2)(f)(g)

5,305,000

5,259,246

5.33%,

6/6/2024

(2)(f)(g)

34,345,000

34,016,476

5.33%,

6/13/2024

(2)(f)(g)

11,333,000

11,213,144

5.11%,

7/18/2024

(2)(f)(g)

31,744,000

31,252,317

5.15%,

7/25/2024

(2)(f)(g)

41,855,000

41,166,494

5.11%,

8/1/2024

(2)(f)(g)

55,136,000

54,170,173

5.18%,

8/8/2024

(2)(f)(g)

29,362,000

28,822,911

5.20%,

8/15/2024

(2)(f)(g)

49,718,000

48,758,644

5.23%,

8/22/2024

(2)(f)(g)

17,775,000

17,412,684

5.24%,

9/5/2024

(2)(f)(g)

38,695,000

37,831,152

5.23%,

9/12/2024

(2)(f)(g)

62,277,000

60,829,531

5.27%,

9/19/2024

(2)(f)(g)

48,946,000

47,756,021

5.24%,

9/26/2024

(2)(f)

28,579,000

27,855,742

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$810,284,413)

810,198,254

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$1,242,913,411)

1,242,912,307

TOTAL

LONG

POSITIONS

(Cost

$1,268,816,015)

1,269,705,128

SHARES

SHORT

POSITIONS

-

(2.3)%

COMMON

STOCKS

-

(2.3)%

United

States

-

(2.3)%

AbbVie,

Inc.

(484)

(88,136)

Advance

Auto

Parts,

Inc.

(32,306)

(2,748,918)

Affirm

Holdings,

Inc.,

Class

A

(30,956)

(1,153,421)

AutoZone,

Inc.

(348)

(1,096,774)

Blackstone,

Inc.

(3,288)

(431,945)

Brighthouse

Financial,

Inc.

(421)

(21,698)

Capital

One

Financial

Corp.

(6,650)

(990,119)

Carnival

Corp.

(26,489)

(432,830)

Choice

Hotels

International,

Inc.

(17,763)

(2,244,355)

Coca-Cola

Co.

(The)

(4,363)

(266,928)

Dollar

Tree,

Inc.

(8,448)

(1,124,851)

Expedia

Group,

Inc.

(16,406)

(2,259,927)

Extra

Space

Storage,

Inc.,

REIT

(9,540)

(1,402,380)

Fifth

Third

Bancorp

(15,712)

(584,644)

Hertz

Global

Holdings,

Inc.

(219)

(1,715)

IAC,

Inc.

(3,614)

(192,771)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

75

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation/(depreciation)

on

forward

foreign

currency

exchange,

futures

and

swap

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$25,785,310,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

In

addition,

$9,149,928

of

cash

collateral

was

also

pledged.

(b)

All

or

a

portion

of

this

security

has

been

rehypothecated

in

connection

with

the

Fund's

Master

Securities

Loan

Agreement

with

State

Street

Bank

and

Trust

Company.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$9,012,254.

(c)

Represents

7-day

effective

yield

as

of

March

31,

2024.

(d)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts.

(e)

For

the

period

ended

March

31,

2024,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(2.3)%

(continued)

Lowe's

Cos.,

Inc.

(1,111)

(283,005)

Lucid

Group,

Inc.

(142,276)

(405,487)

M&T

Bank

Corp.

(4,416)

(642,263)

Match

Group,

Inc.

(13,387)

(485,680)

Monster

Beverage

Corp.

(9,748)

(577,861)

NIKE,

Inc.,

Class

B

(6,346)

(596,397)

Norwegian

Cruise

Line

Holdings

Ltd.

(1,243)

(26,016)

O'Reilly

Automotive,

Inc.

(2,787)

(3,146,189)

Penn

Entertainment,

Inc.

(74,824)

(1,362,545)

Philip

Morris

International,

Inc.

(5,555)

(508,949)

Pinterest,

Inc.,

Class

A

(5,138)

(178,134)

Planet

Fitness,

Inc.,

Class

A

(9,060)

(567,428)

RH

(7,577)

(2,638,766)

Roku,

Inc.,

Class

A

(15,995)

(1,042,394)

Teladoc

Health,

Inc.

(5,307)

(80,136)

T-Mobile

US,

Inc.

(4,637)

(756,851)

Topgolf

Callaway

Brands

Corp.

(11,376)

(183,950)

TripAdvisor,

Inc.

(4,413)

(122,637)

Ulta

Beauty,

Inc.

(894)

(467,455)

Under

Armour,

Inc.,

Class

A

(69,126)

(510,150)

United

Airlines

Holdings,

Inc.

(8,422)

(403,245)

Walgreens

Boots

Alliance,

Inc.

(11,144)

(241,713)

Walt

Disney

Co.

(The)

(7,298)

(892,983)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(2.3)%

(continued)

Yum!

Brands,

Inc.

(9,611)

(1,332,565)

TOTAL

COMMON

STOCKS

(Proceeds

$(31,247,612))

(32,494,211)

TOTAL

SHORT

POSITIONS

(Proceeds

$(31,247,612))

(32,494,211)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

85.9%

(Cost

$1,237,568,403)

1,237,210,917

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

14.1%

‡

203,039,170

NET

ASSETS

-

100.0%

1,440,250,087

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(572,822)

0.0

%

†

Consumer

Discretionary

(4,635,717)

(0.3)

Consumer

Staples

(1,454,803)

(0.1)

Financials

(938,738)

(0.1)

Health

Care

532,111

0.0

†

Industrials

702,236

0.1

Information

Technology

1,126,177

0.1

Real

Estate

(752,462)

(0.1)

Utilities

292,628

0.0

†

Investment

Companies

432,714,053

30.0

U.S.

Treasury

Obligations

810,198,254

56.3

Total

Investments

In

Securities

At

Value

1,237,210,917

85.9

Other

Assets

in

Excess

of

Liabilities

‡

203,039,170

14.1

Net

Assets

$

1,440,250,087

100.0%

Affiliate

Value

At

12/31/2023

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2024

Shares

Held

At

3/31/2024

Dividend

Income

Capital

Gain

Distributions

SHORT-TERM

INVESTMENTS

-

29.8%

INVESTMENT

COMPANIES

-

29.8%

Limited

Purpose

Cash

Investment

Fund,

5.33%

(a)

(Cost

$429,233,340)

$267,234,005

$831,423,867

$(669,352,009)

$(12,585)

$25,117

$429,318,395

429,490,191

$4,961,529

$–

(a)

Represents

7-day

effective

yield

as

of

March

31,

2024.

76

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

(f)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(g)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

Total

return

swap

contracts

outstanding

as

of

March

31,

2024

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Amsterdam

Exchange

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/19/2024

EUR

2,826,496

$

61,542

Swiss

Market

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

JPMC

06/21/2024

CHF

349,050

2,180

Swiss

Market

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/21/2024

CHF

8,958,950

33,608

MSCI

Australia

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

BBR

plus

or

minus

a

specified

spread

(0.35%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

AUD

9,365,461

109,918

MSCI

Canada

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

CORRA

plus

or

minus

a

specified

spread

(-0.75%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

CAD

9,276,027

46,907

MSCI

France

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.53%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

EUR

5,524,267

44,277

MSCI

Germany

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.76%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

EUR

5,467,708

132,287

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

77

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Italy

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.76%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

EUR

3,332,199

$

96,312

MSCI

Japan

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

TONAR

plus

or

minus

a

specified

spread

(0.10%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

JPY

2,740,175,632

771,067

MSCI

Netherlands

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.28%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

EUR

5,190,360

113,140

MSCI

Singapore

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

SORA

plus

or

minus

a

specified

spread

(0.25%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

SGD

1,807,889

11,696

MSCI

Spain

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.16%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

EUR

3,002,341

157,550

MSCI

Sweden

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

STIBOR

plus

or

minus

a

specified

spread

(-1.14%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

SEK

33,430,507

9,670

MSCI

Switzerland

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

SARON

plus

or

minus

a

specified

spread

(-0.20%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

CHF

5,062,132

2,187

78

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

United

Kingdom

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

SONIA

plus

or

minus

a

specified

spread

(0.25%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

GBP

6,030,745

$

141,381

Total

unrealized

appreciation

1,733,722

Hang

Seng

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

JPMC

04/29/2024

HKD

3,314,000

(1,711)

Hang

Seng

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/29/2024

HKD

4,971,000

(2,304)

MSCI

Hong

Kong

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

HIBOR

plus

or

minus

a

specified

spread

(0.30%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/19/2024

HKD

6,722,922

(70,371)

Total

unrealized

depreciation

(74,386)

Net

unrealized

appreciation

$

1,659,336

Futures

contracts

outstanding

as

of

March

31,

2024:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

CAC

40

10

Euro

Index

114

4/2024

EUR

$

10,113,992

$

108,515

Hang

Seng

Index

5

4/2024

HKD

529,264

183

IBEX

35

Index

18

4/2024

EUR

2,149,153

107,760

MSCI

Singapore

Index

35

4/2024

SGD

753,916

(879)

OMXS30

Index

86

4/2024

SEK

2,028,279

20,237

FTSE

100

Index

79

6/2024

GBP

7,964,823

168,263

FTSE/MIB

Index

10

6/2024

EUR

1,845,427

39,610

S&P

500

E-Mini

Index

1,351

6/2024

USD

358,589,175

5,491,453

S&P/TSX

60

Index

47

6/2024

CAD

9,308,745

143,999

SPI

200

Index

30

6/2024

AUD

3,885,952

84,778

TOPIX

Index

70

6/2024

JPY

12,714,031

229,018

Net

value

$

6,392,937

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

79

(Continued)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

5,048,499

USD

3,294,482

CITI

6/20/2024

$

2,760

AUD

5,048,499

USD

3,294,465

JPMC

6/20/2024

2,776

CAD

3,015,657

USD

2,223,011

CITI

6/20/2024

5,872

CAD

3,015,656

USD

2,223,000

JPMC

6/20/2024

5,883

GBP

1,340,501

USD

1,691,168

CITI

6/20/2024

1,460

GBP

1,340,499

USD

1,691,157

JPMC

6/20/2024

1,468

USD

42,297

HKD

330,000

CITI

6/20/2024

37

USD

42,297

HKD

330,000

JPMC

6/20/2024

38

USD

17,440

SEK

179,617

CITI

6/20/2024

604

USD

17,441

SEK

179,622

JPMC

6/20/2024

604

USD

752,206

SGD

1,005,141

CITI

6/20/2024

5,082

USD

752,212

SGD

1,005,144

JPMC

6/20/2024

5,085

Total

unrealized

appreciation

31,669

AUD

5,029,501

USD

3,296,077

CITI

6/20/2024

(11,243)

AUD

5,029,501

USD

3,296,061

JPMC

6/20/2024

(11,226)

CAD

11,273,548

USD

8,365,987

CITI

6/20/2024

(33,665)

CAD

11,273,549

USD

8,365,946

JPMC

6/20/2024

(33,623)

CHF

7,257,291

USD

8,312,972

CITI

6/20/2024

(194,158)

CHF

7,257,291

USD

8,312,931

JPMC

6/20/2024

(194,115)

DKK

22,844,221

USD

3,346,220

CITI

6/20/2024

(28,623)

DKK

22,844,222

USD

3,346,203

JPMC

6/20/2024

(28,606)

EUR

28,566,940

USD

31,129,745

CITI

6/20/2024

(210,319)

EUR

28,566,940

USD

31,129,589

JPMC

6/20/2024

(210,164)

GBP

9,175,500

USD

11,660,179

CITI

6/20/2024

(74,434)

GBP

9,175,501

USD

11,660,122

JPMC

6/20/2024

(74,378)

HKD

11,386,000

USD

1,459,340

CITI

6/20/2024

(1,269)

HKD

11,386,000

USD

1,459,333

JPMC

6/20/2024

(1,261)

ILS

2,021,000

USD

564,638

CITI

6/20/2024

(13,100)

ILS

2,021,000

USD

564,635

JPMC

6/20/2024

(13,097)

JPY

3,309,797,501

USD

22,346,038

CITI

6/20/2024

(211,807)

JPY

3,309,797,500

USD

22,345,926

JPMC

6/20/2024

(211,694)

NOK

4,897,257

USD

465,694

CITI

6/20/2024

(13,746)

NOK

4,897,258

USD

465,692

JPMC

6/20/2024

(13,743)

NZD

115,499

USD

70,643

CITI

6/20/2024

(1,634)

NZD

115,500

USD

70,643

JPMC

6/20/2024

(1,634)

SEK

29,090,998

USD

2,815,033

CITI

6/20/2024

(88,251)

SEK

29,091,003

USD

2,815,019

JPMC

6/20/2024

(88,238)

SGD

1,852,498

USD

1,385,526

CITI

6/20/2024

(8,557)

SGD

1,852,502

USD

1,385,522

JPMC

6/20/2024

(8,551)

Total

unrealized

depreciation

(1,781,136)

Net

unrealized

depreciation

$

(1,749,467)

80

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

BANA

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.20%

to

0.20%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

13

months

maturity

04/25/2025

$3,747,208

$(31,357)

$185,825

$154,468

BNPP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

NOWA

plus

or

minus

a

specified

spread

(-0.02%

to

0.03%),

which

is

denominated

in

NOK

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

06/14/2028

$11,584,685

$12,214

$(29,899)

$(17,685)

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CIBOR

plus

or

minus

a

specified

spread

(-0.30%

to

0.30%),

which

is

denominated

in

DKK

based

on

the

local

currencies

of

the

positions

within

the

swap.

37

months

maturity

02/21/2025

$7,881,778

$98,450

$11,127

$109,577

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

NIBOR

plus

or

minus

a

specified

spread

(-0.30%

to

0.30%),

which

is

denominated

in

NOK

based

on

the

local

currencies

of

the

positions

within

the

swap.

37

months

maturity

02/21/2025

$3,011,158

$(95,979)

$(6,431)

$(102,410)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

81

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

BNPP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

BBR

plus

or

minus

a

specified

spread

(-0.21%

to

0.04%),

which

is

denominated

in

AUD

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

11/19/2026

$97,333,060

$127,901

$(65,269)

$62,632

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Australia

AGL

Energy

Ltd.

250,705

1,363,393

(71,013)

(113.4)

ANZ

Group

Holdings

Ltd.

59,190

1,134,442

21,278

34.0

Aristocrat

Leisure

Ltd.

103,507

2,898,292

(93,805)

(149.8)

BlueScope

Steel

Ltd.

151,463

2,355,721

151,731

242.3

Brambles

Ltd.

128,275

1,349,980

88,601

141.5

Cochlear

Ltd.

13,073

2,875,161

40,883

65.3

Coles

Group

Ltd.

63,710

703,309

10,812

17.3

Harvey

Norman

Holdings

Ltd.

309,850

1,039,856

52,498

83.8

JB

Hi-Fi

Ltd.

86,402

3,617,007

175,152

279.7

Lendlease

Corp.

Ltd.

256,021

1,072,415

(40,382)

(64.5)

Northern

Star

Resources

Ltd.

115,738

1,092,054

62,562

99.9

Origin

Energy

Ltd.

519,047

3,113,618

52,573

83.9

Pro

Medicus

Ltd.

23,394

1,581,936

66,308

105.9

Qantas

Airways

Ltd.

792,895

2,814,888

117,766

188.0

QBE

Insurance

Group

Ltd.

177,772

2,101,391

63,675

101.7

Seven

Group

Holdings

Ltd.

92,857

2,467,551

(9,134)

(14.6)

Sonic

Healthcare

Ltd.

44,342

849,717

44,400

70.9

South32

Ltd.

313,642

612,020

(29,749)

(47.5)

Suncorp

Group

Ltd.

66,249

707,137

18,125

28.9

Telstra

Group

Ltd.

238,600

600,180

6,233

10.0

Westpac

Banking

Corp.

64,419

1,095,649

(9,649)

(15.4)

Whitehaven

Coal

Ltd.

341,167

1,577,749

172,677

275.7

Worley

Ltd.

61,170

667,682

18,339

29.3

Yancoal

Australia

Ltd.

215,166

734,639

(23,913)

(38.2)

New

Zealand

Xero

Ltd.

32,703

2,839,583

(45,701)

(73.0)

United

States

James

Hardie

Industries

plc

107,868

4,335,583

137,031

218.8

Short

Positions

Common

Stocks

Australia

ALS

Ltd.

(96,862)

(828,194)

(5,108)

(8.2)

APA

Group

(250,619)

(1,373,641)

(24,652)

(39.4)

BHP

Group

Ltd.

(52,540)

(1,519,139)

(67,118)

(107.2)

Cleanaway

Waste

Management

Ltd.

(1,539,291)

(2,727,427)

(109,391)

(174.7)

Commonwealth

Bank

of

Australia

(93,084)

(7,301,459)

(237,206)

(378.7)

82

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Australia

(continued)

Domino's

Pizza

Enterprises

Ltd.

(69,183)

(1,954,593)

35,863

57.3

Endeavour

Group

Ltd.

(438,202)

(1,573,334)

(57,040)

(91.1)

IGO

Ltd.

(200,938)

(925,813)

74,578

119.1

Liontown

Resources

Ltd.

(2,775,688)

(2,113,526)

219,797

350.9

Lynas

Rare

Earths

Ltd.

(680,561)

(2,511,933)

33,686

53.8

Macquarie

Group

Ltd.

(12,676)

(1,648,863)

(9,356)

(14.9)

Mineral

Resources

Ltd.

(69,502)

(3,206,702)

(210,186)

(335.6)

National

Australia

Bank

Ltd.

(165,626)

(3,750,118)

(77,254)

(123.3)

NEXTDC

Ltd.

(87,493)

(1,013,502)

(18,024)

(28.8)

Ramsay

Health

Care

Ltd.

(54,823)

(2,018,261)

(78,372)

(125.1)

REA

Group

Ltd.

(8,954)

(1,081,893)

(44,103)

(70.4)

Reece

Ltd.

(55,364)

(1,013,700)

(2,435)

(3.9)

Santos

Ltd.

(332,953)

(1,685,709)

(88,819)

(141.8)

Transurban

Group

(150,448)

(1,305,155)

(27,701)

(44.2)

Treasury

Wine

Estates

Ltd.

(189,989)

(1,541,116)

(7,156)

(11.4)

Wesfarmers

Ltd.

(20,698)

(922,611)

(25,534)

(40.8)

WiseTech

Global

Ltd.

(24,606)

(1,504,974)

11,248

18.0

Woodside

Energy

Group

Ltd.

(37,137)

(740,229)

(24,867)

(39.7)

United

States

CSL

Ltd.

(17,861)

(3,351,215)

(97,266)

(155.3)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

BNPP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.05%

to

0.02%),

which

is

denominated

in

CHF

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

06/19/2028

$97,209,620

$49,673

$28,369

$78,042

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Switzerland

ABB

Ltd.

(Registered)

72,084

3,343,998

(37,000)

(47.4)

Adecco

Group

AG

(Registered)

134,132

5,306,571

43,023

55.1

Belimo

Holding

AG

(Registered)

269

132,022

(3,276)

(4.2)

DKSH

Holding

AG

15,825

1,076,525

(30,708)

(39.3)

Flughafen

Zurich

AG

(Registered)

3,737

848,564

28,939

37.1

Galenica

AG

2,988

249,337

516

0.7

Georg

Fischer

AG

(Registered)

56,491

4,189,728

(151,156)

(193.7)

Julius

Baer

Group

Ltd.

8,545

495,596

23,932

30.7

Kuehne

+

Nagel

International

AG

(Registered)

3,331

926,747

44,365

56.8

Logitech

International

SA

(Registered)

67,676

6,064,400

173,658

222.5

Lonza

Group

AG

(Registered)

994

594,013

67,171

86.1

Novartis

AG

(Registered)

83,718

8,108,795

169,115

216.7

Sonova

Holding

AG

(Registered)

759

219,801

(6,001)

(7.7)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

83

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Switzerland

(continued)

Temenos

AG

(Registered)

13,800

987,119

12,696

16.3

Zurich

Insurance

Group

AG

7,440

4,019,196

13,962

17.9

United

States

Holcim

AG

56,902

5,155,138

267,819

343.2

Roche

Holding

AG

11,454

2,924,424

8,376

10.7

Swiss

Re

AG

10,221

1,314,777

15,973

20.5

Short

Positions

Common

Stocks

Switzerland

Alcon,

Inc.

(11,651)

(963,671)

5,770

7.4

Avolta

AG

(24,967)

(1,039,560)

(53,725)

(68.8)

Bachem

Holding

AG

(24,669)

(2,362,380)

(143,989)

(184.5)

Baloise

Holding

AG

(Registered)

(436)

(68,367)

814

1.0

Barry

Callebaut

AG

(Registered)

(494)

(717,585)

1,628

2.1

BKW

AG

(84)

(12,908)

(576)

(0.7)

Chocoladefabriken

Lindt

&

Spruengli

AG

(400)

(4,787,531)

73,588

94.3

Cie

Financiere

Richemont

SA

(Registered)

(15,326)

(2,333,236)

80,755

103.5

Clariant

AG

(Registered)

(27,761)

(375,605)

(15,453)

(19.8)

EMS-Chemie

Holding

AG

(Registered)

(2,830)

(2,168,966)

(124,563)

(159.6)

Geberit

AG

(Registered)

(1,320)

(780,099)

(8,751)

(11.2)

Givaudan

SA

(Registered)

(135)

(600,985)

7,664

9.8

Helvetia

Holding

AG

(Registered)

(13,055)

(1,799,904)

87,740

112.4

Partners

Group

Holding

AG

(2,812)

(4,016,902)

20,954

26.8

Schindler

Holding

AG

(1,574)

(396,204)

12,720

16.3

SGS

SA

(Registered)

(12,694)

(1,232,366)

(37,355)

(47.9)

SIG

Group

AG

(245,774)

(5,449,858)

(312,817)

(400.8)

Sika

AG

(Registered)

(11,445)

(3,405,465)

(46,268)

(59.3)

Straumann

Holding

AG

(Registered)

(28,639)

(4,569,573)

(4,671)

(6.0)

Swatch

Group

AG

(The)

(4,627)

(1,079,397)

(17,883)

(22.9)

Swiss

Life

Holding

AG

(Registered)

(78)

(54,709)

(186)

(0.2)

Swisscom

AG

(Registered)

(3,408)

(2,085,885)

(95,917)

(122.9)

Tecan

Group

AG

(Registered)

(4,923)

(2,039,745)

(46,199)

(59.2)

UBS

Group

AG

(Registered)

(195,551)

(6,021,198)

63,141

80.9

VAT

Group

AG

(2,608)

(1,347,277)

(19,925)

(25.5)

United

States

Nestle

SA

(Registered)

(14,527)

(1,543,493)

(18,227)

(23.4)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

BNPP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

Denmark

Tomorrow/Next

plus

or

minus

a

specified

spread

(-0.05%

to

0.03%),

which

is

denominated

in

DKK

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

06/19/2028

$44,536,155

$(543,788)

$108,710

$(435,078)

84

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Denmark

AP

Moller

-

Maersk

A/S

1,041

1,357,302

15,446

(3.6)

Carlsberg

A/S

32,659

4,472,493

129,517

(29.8)

Danske

Bank

A/S

134,412

4,034,567

8,341

(1.9)

Demant

A/S

46,111

2,291,871

(17,731)

4.1

Genmab

A/S

3,012

903,084

13,057

(3.0)

ISS

A/S

166,167

3,027,370

57,978

(13.3)

Jyske

Bank

A/S

(Registered)

13,954

1,181,983

43,680

(10.0)

Pandora

A/S

4,715

761,029

(17,774)

4.1

ROCKWOOL

A/S

1,739

572,175

32,405

(7.4)

Royal

Unibrew

A/S

14,059

930,268

37,378

(8.6)

Vestas

Wind

Systems

A/S

29,087

811,341

6,278

(1.4)

Short

Positions

Common

Stocks

Denmark

Ambu

A/S

(83,303)

(1,371,003)

38,094

(8.8)

Coloplast

A/S

(41,057)

(5,543,396)

(17,148)

3.9

DSV

A/S

(55,703)

(9,054,782)

(679,815)

156.3

GN

Store

Nord

A/S

(9,965)

(263,563)

(33,386)

7.7

Novo

Nordisk

A/S

(22,976)

(2,947,210)

90,846

(20.9)

Novonesis

(Novozymes)

(5,112)

(300,696)

160

0.0(a)

Orsted

A/S

(59,139)

(3,304,620)

(270,623)

62.2

Tryg

A/S

(68,273)

(1,407,402)

19,509

(4.5)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

BNPP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.02%

to

0.03%),

which

is

denominated

in

EUR

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

ranging

from

06/14/2028

-

06/19/2028

$316,369,522

$1,968,149

$(192,277)

$1,775,872

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Belgium

Ageas

SA/NV

92,258

4,273,908

278,672

15.7

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

85

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

China

Prosus

NV

117,299

3,671,505

214,846

12.1

Finland

Fortum

OYJ

345,312

4,263,282

(102,885)

(5.8)

UPM-Kymmene

OYJ

82,256

2,740,496

149,233

8.4

Wartsila

OYJ

Abp

167,987

2,552,986

(14,176)

(0.8)

Germany

Bayer

AG

(Registered)

80,548

2,466,749

188,686

10.6

Bayerische

Motoren

Werke

AG

43,952

5,071,131

45,812

2.6

Brenntag

SE

36,984

3,117,050

(3,943)

(0.2)

Commerzbank

AG

431,089

5,924,970

399,815

22.5

Deutsche

Bank

AG

(Registered)

301,771

4,752,971

355,882

20.0

HOCHTIEF

AG

25,450

2,957,367

27,734

1.6

KION

Group

AG

51,842

2,727,081

(8,443)

(0.5)

Mercedes-Benz

Group

AG

98,572

7,849,972

48,547

2.7

Muenchener

Rueckversicherungs-Gesellschaft

AG

(Registered)

10,950

5,345,143

78,726

4.4

Rheinmetall

AG

6,496

3,653,489

309,872

17.4

Scout24

SE

43,790

3,299,064

37,418

2.1

Netherlands

Argenx

SE

6,724

2,651,094

233,998

13.2

BE

Semiconductor

Industries

NV

18,795

2,878,992

(11,493)

(0.6)

EXOR

NV

28,840

3,209,499

37,424

2.1

Koninklijke

Philips

NV

320,710

6,418,676

(185,042)

(10.4)

NN

Group

NV

87,737

4,050,386

178,047

10.0

Spain

Acerinox

SA

275,664

3,027,251

166,262

9.4

Banco

de

Sabadell

SA

4,740,134

7,457,084

323,202

18.2

Banco

Santander

SA

1,816,039

8,870,319

763,990

43.0

Bankinter

SA

370,927

2,717,774

75,021

4.2

Repsol

SA

194,868

3,252,585

48,629

2.7

Telefonica

SA

775,885

3,426,502

163,628

9.2

Preferred

Stocks

Germany

Volkswagen

AG

(Preference)

25,261

3,350,216

204,695

11.5

Short

Positions

Common

Stocks

Belgium

Elia

Group

SA/NV

(22,569)

(2,436,210)

(80,487)

(4.5)

Lotus

Bakeries

NV

(253)

(2,442,894)

(92,803)

(5.2)

Finland

Metso

OYJ

(219,819)

(2,611,202)

(102,136)

(5.8)

Stora

Enso

OYJ

(234,866)

(3,266,057)

(296,382)

(16.7)

Germany

Beiersdorf

AG

(29,331)

(4,270,511)

(46,070)

(2.6)

Deutsche

Post

AG

(91,875)

(3,959,573)

(140,009)

(7.9)

Infineon

Technologies

AG

(118,147)

(4,017,653)

61,160

3.4

Merck

KGaA

(50,198)

(8,851,690)

(381,674)

(21.5)

MTU

Aero

Engines

AG

(13,708)

(3,476,708)

(159,564)

(9.0)

Siemens

Healthineers

AG

(104,134)

(6,368,584)

(133,438)

(7.5)

Wacker

Chemie

AG

(27,009)

(3,046,420)

49,563

2.8

Netherlands

ASR

Nederland

NV

(52,971)

(2,596,096)

(165,030)

(9.3)

Heineken

NV

(59,691)

(5,754,668)

(327,236)

(18.4)

IMCD

NV

(20,228)

(3,560,332)

(77,385)

(4.4)

86

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Spain

Amadeus

IT

Group

SA

(80,975)

(5,198,329)

(187,366)

(10.6)

Corp.

ACCIONA

Energias

Renovables

SA

(153,821)

(3,351,845)

(19,573)

(1.1)

Iberdrola

SA

(300,037)

(3,726,566)

(170,778)

(9.6)

Naturgy

Energy

Group

SA

(116,709)

(2,532,895)

(49,920)

(2.8)

Redeia

Corp.

SA

(222,249)

(3,796,247)

(90,551)

(5.1)

Switzerland

DSM-Firmenich

AG

(85,769)

(9,754,685)

(135,070)

(7.6)

Preferred

Stocks

Germany

Dr

Ing

hc

F

Porsche

AG

(Preference)

(118,918)

(11,827,333)

(44,749)

(2.5)

Sartorius

AG

(Preference)

(11,368)

(4,514,352)

(147,011)

(8.3)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

BNPP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SONIA

plus

or

minus

a

specified

spread

(-0.02%

to

0.03%),

which

is

denominated

in

GBP

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

11/19/2026

$314,529,902

$2,031,656

$60,286

$2,091,942

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Netherlands

Shell

plc

125,894

4,177,100

108,540

5.2

United

Kingdom

Associated

British

Foods

plc

204,870

6,463,827

506,220

24.2

Auto

Trader

Group

plc

333,944

2,949,031

(233,199)

(11.1)

Aviva

plc

466,548

2,927,447

96,828

4.6

BAE

Systems

plc

272,124

4,638,470

156,300

7.5

Barclays

plc

1,983,049

4,596,010

177,882

8.5

British

American

Tobacco

plc

197,877

6,005,784

14,270

0.7

Burberry

Group

plc

326,532

4,994,749

(181,633)

(8.7)

Centrica

plc

5,111,787

8,240,508

(124,305)

(5.9)

DCC

plc

51,382

3,738,356

21,052

1.0

Direct

Line

Insurance

Group

plc

1,124,735

2,768,899

(198,032)

(9.5)

easyJet

plc

507,658

3,654,112

232,558

11.1

Hiscox

Ltd.

198,554

3,107,501

32,579

1.6

HSBC

Holdings

plc

675,036

5,276,639

143,359

6.9

Imperial

Brands

plc

167,654

3,747,840

112,474

5.4

InterContinental

Hotels

Group

plc

52,584

5,464,103

136,008

6.5

Intermediate

Capital

Group

plc

151,209

3,916,538

117,700

5.6

Man

Group

plc

1,130,852

3,816,613

252,633

12.1

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

87

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

Kingdom

(continued)

Marks

&

Spencer

Group

plc

1,907,509

6,388,001

515,956

24.7

Melrose

Industries

plc

789,828

6,706,351

545,624

26.1

Pearson

plc

198,677

2,616,076

64,591

3.1

Rightmove

plc

421,909

2,924,364

(97,111)

(4.6)

Rolls-Royce

Holdings

plc

2,105,680

11,329,330

964,363

46.1

Spectris

plc

81,350

3,384,955

(23,885)

(1.1)

Taylor

Wimpey

plc

3,447,707

5,960,641

(101,031)

(4.8)

Tesco

plc

2,059,700

7,714,552

232,758

11.1

Vodafone

Group

plc

3,291,666

2,919,462

122,185

5.8

Weir

Group

plc

(The)

110,374

2,819,420

33,249

1.6

United

States

GSK

plc

332,508

7,139,079

169,117

8.1

Short

Positions

Common

Stocks

Australia

Glencore

plc

(1,345,716)

(7,384,699)

(206,857)

(9.9)

Rio

Tinto

plc

(134,613)

(8,510,894)

(209,492)

(10.0)

Burkina

Faso

Endeavour

Mining

plc

(258,815)

(5,251,919)

(476,101)

(22.8)

Chile

Antofagasta

plc

(274,065)

(7,039,638)

(358,364)

(17.1)

United

Kingdom

Admiral

Group

plc

(78,571)

(2,815,807)

(75,784)

(3.6)

Ashtead

Group

plc

(107,955)

(7,689,550)

(604,269)

(28.9)

AstraZeneca

plc

(74,576)

(10,018,825)

(333,250)

(15.9)

Croda

International

plc

(64,239)

(3,974,816)

(138,956)

(6.6)

Diageo

plc

(132,267)

(4,894,173)

(105,476)

(5.0)

Flutter

Entertainment

plc

(30,441)

(6,067,915)

402,200

19.2

Legal

&

General

Group

plc

(965,985)

(3,103,399)

(90,711)

(4.3)

Lloyds

Banking

Group

plc

(6,097,466)

(3,987,723)

(186,710)

(8.9)

NatWest

Group

plc

(1,182,829)

(3,961,699)

(377,228)

(18.0)

Rentokil

Initial

plc

(839,748)

(4,992,732)

9,939

0.5

RS

GROUP

plc

(285,719)

(2,619,783)

33,661

1.6

Severn

Trent

plc

(161,403)

(5,036,299)

83,054

4.0

Spirax-Sarco

Engineering

plc

(35,182)

(4,463,752)

178,786

8.5

SSE

plc

(138,638)

(2,890,326)

(74,866)

(3.6)

Unilever

plc

(129,434)

(6,497,825)

(271,164)

(13.0)

United

Utilities

Group

plc

(209,939)

(2,727,872)

(7,909)

(0.4)

Wise

plc

(572,856)

(6,696,325)

137,757

6.6

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

BNPP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

HIBOR

plus

or

minus

a

specified

spread

(-0.30%

to

0.04%),

which

is

denominated

in

HKD

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

11/19/2026

$39,148,100

$(348,668)

$20,121

$(328,547)

88

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

China

BOC

Hong

Kong

Holdings

Ltd.

747,000

2,002,923

(20,407)

6.2

Hong

Kong

AIA

Group

Ltd.

102,600

690,146

(83,919)

25.5

CK

Asset

Holdings

Ltd.

439,956

1,812,916

(244,398)

74.4

CLP

Holdings

Ltd.

94,500

753,755

(17,757)

5.4

Hang

Lung

Properties

Ltd.

339,000

348,610

(23,442)

7.1

Henderson

Land

Development

Co.

Ltd.

414,000

1,182,242

2,695

(0.8)

HKT

Trust

&

HKT

Ltd.

220,000

256,693

909

(0.3)

New

World

Development

Co.

Ltd.

1,246,000

1,317,373

(164,728)

50.1

Sun

Hung

Kai

Properties

Ltd.

30,000

289,790

(2,471)

0.8

Swire

Pacific

Ltd.

233,000

1,918,143

21,849

(6.7)

Techtronic

Industries

Co.

Ltd.

228,500

3,104,827

109,503

(33.3)

WH

Group

Ltd.

2,144,500

1,415,543

(9,210)

2.8

Macau

Sands

China

Ltd.

186,400

525,879

17,422

(5.3)

United

Kingdom

CK

Hutchison

Holdings

Ltd.

1,260,500

6,066,343

(480,224)

146.2

Short

Positions

Common

Stocks

China

Budweiser

Brewing

Co.

APAC

Ltd.

(1,253,800)

(1,849,270)

121,081

(36.9)

ESR

Group

Ltd.

(1,943,800)

(2,082,553)

115,332

(35.1)

SITC

International

Holdings

Co.

Ltd.

(719,000)

(1,314,518)

21,165

(6.4)

Wharf

Holdings

Ltd.

(The)

(72,000)

(236,693)

5,242

(1.6)

Xinyi

Glass

Holdings

Ltd.

(1,080,000)

(1,146,120)

90,232

(27.5)

Hong

Kong

ASMPT

Ltd.

(41,300)

(519,531)

4,442

(1.4)

Hang

Seng

Bank

Ltd.

(7,800)

(85,501)

1,150

(0.3)

Hong

Kong

&

China

Gas

Co.

Ltd.

(4,020,045)

(3,047,060)

19,246

(5.9)

MTR

Corp.

Ltd.

(662,619)

(2,189,261)

(13,520)

4.1

Power

Assets

Holdings

Ltd.

(216,000)

(1,265,459)

6,769

(2.1)

Sino

Land

Co.

Ltd.

(552,000)

(573,872)

4,441

(1.4)

Swire

Properties

Ltd.

(60,400)

(127,047)

(3,421)

1.0

Wharf

Real

Estate

Investment

Co.

Ltd.

(775,000)

(2,523,325)

165,000

(50.2)

Macau

Galaxy

Entertainment

Group

Ltd.

(100,000)

(502,707)

8,351

(2.5)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

89

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

BNPP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

MUTSC

plus

or

minus

a

specified

spread

(-0.70%

to

0.03%),

which

is

denominated

in

JPY

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

11/10/2026

$821,083,932

$5,477,055

$1,743,220

$7,220,275

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Japan

ANA

Holdings,

Inc.

314,200

6,566,548

(87,734)

(1.2)

Canon,

Inc.

210,000

6,256,963

101,791

1.4

Honda

Motor

Co.

Ltd.

1,292,500

15,992,997

363,975

5.0

Inpex

Corp.

608,000

9,242,323

386,200

5.3

Japan

Airlines

Co.

Ltd.

416,900

7,915,979

213,051

3.0

Japan

Post

Bank

Co.

Ltd.

571,200

6,137,723

(84,425)

(1.2)

Japan

Post

Insurance

Co.

Ltd.

286,700

5,480,314

112,975

1.6

Makita

Corp.

195,500

5,556,214

318,085

4.4

Mazda

Motor

Corp.

668,800

7,751,128

176,431

2.4

Mizuho

Financial

Group,

Inc.

745,500

14,742,493

135,854

1.9

NGK

Insulators

Ltd.

495,300

6,660,024

134,222

1.9

Nippon

Yusen

KK

206,000

5,655,543

(371,502)

(5.1)

Nissan

Motor

Co.

Ltd.

1,947,700

7,717,725

(70,244)

(1.0)

Otsuka

Corp.

271,600

5,762,932

(282,491)

(3.9)

Panasonic

Holdings

Corp.

537,900

5,133,592

102,106

1.4

Persol

Holdings

Co.

Ltd.

3,569,600

4,992,918

17,455

0.2

Ryohin

Keikaku

Co.

Ltd.

528,300

8,645,729

549,177

7.6

Santen

Pharmaceutical

Co.

Ltd.

568,100

5,586,874

156,561

2.2

Shimamura

Co.

Ltd.

132,700

7,565,389

(291,594)

(4.0)

Shionogi

&

Co.

Ltd.

132,600

6,776,095

(92,161)

(1.3)

Sojitz

Corp.

308,900

8,148,450

43,345

0.6

Subaru

Corp.

300,900

6,814,739

320,881

4.4

Tokyo

Electric

Power

Co.

Holdings,

Inc.

979,800

5,955,350

590,334

8.2

Tokyo

Electron

Ltd.

44,100

11,485,809

782,717

10.8

Toyota

Tsusho

Corp.

140,300

9,634,521

570,351

7.9

Short

Positions

Common

Stocks

Japan

Advantest

Corp.

(231,400)

(10,279,450)

(59,207)

(0.8)

Ajinomoto

Co.,

Inc.

(218,900)

(8,174,517)

(267,626)

(3.7)

Asahi

Intecc

Co.

Ltd.

(342,600)

(6,002,281)

566,596

7.8

Chiba

Bank

Ltd.

(The)

(812,100)

(6,757,633)

(177,896)

(2.5)

Chugai

Pharmaceutical

Co.

Ltd.

(129,200)

(4,937,429)

307,214

4.3

Ibiden

Co.

Ltd.

(113,600)

(5,087,778)

134,460

1.9

IHI

Corp.

(385,600)

(10,307,768)

(1,145,373)

(15.9)

90

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Japan

(continued)

Keisei

Electric

Railway

Co.

Ltd.

(128,300)

(5,217,338)

111,969

1.6

Keyence

Corp.

(29,100)

(13,509,993)

51,938

0.7

MINEBEA

MITSUMI,

Inc.

(257,300)

(5,046,963)

(64,304)

(0.9)

Nippon

Telegraph

&

Telephone

Corp.

(5,208,000)

(6,203,266)

20,325

0.3

Nissan

Chemical

Corp.

(245,900)

(9,313,727)

429,357

5.9

Nitori

Holdings

Co.

Ltd.

(76,400)

(11,578,582)

137,801

1.9

NTT

Data

Group

Corp.

(439,400)

(6,985,562)

99,756

1.4

Omron

Corp.

(182,800)

(6,545,526)

164,869

2.3

Resonac

Holdings

Corp.

(250,900)

(5,844,730)

(126,636)

(1.8)

SMC

Corp.

(18,700)

(10,549,796)

418,449

5.8

SoftBank

Group

Corp.

(106,800)

(6,342,359)

(140,932)

(2.0)

Sysmex

Corp.

(543,600)

(9,700,486)

338,651

4.7

Takeda

Pharmaceutical

Co.

Ltd.

(193,800)

(5,390,332)

192,716

2.7

Terumo

Corp.

(291,400)

(5,332,228)

257,848

3.6

Toyota

Motor

Corp.

(324,300)

(8,196,673)

(555,121)

(7.7)

Yamaha

Motor

Co.

Ltd.

(626,300)

(5,769,208)

(115,628)

(1.6)

Yaskawa

Electric

Corp.

(200,400)

(8,531,968)

(142,915)

(2.0)

ZOZO,

Inc.

(327,600)

(8,130,976)

241,890

3.4

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

BNPP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

STIBOR

plus

or

minus

a

specified

spread

(-0.02%

to

0.03%),

which

is

denominated

in

SEK

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

06/14/2028

$85,473,960

$1,691,869

$(299,797)

$1,392,072

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Guatemala

Millicom

International

Cellular

SA

37,441

763,464

63,893

4.6

Sweden

AAK

AB

29,617

703,798

32,545

2.3

AddTech

AB

1,575

35,832

1,077

0.1

Alfa

Laval

AB

48,922

1,922,358

5,058

0.4

Billerud

Aktiebolag

139,535

1,252,139

23,125

1.7

Boliden

AB

67,336

1,869,760

80,362

5.8

Electrolux

AB

406,985

3,633,996

199,110

14.3

Elekta

AB

278,315

2,097,805

39,043

2.8

Embracer

Group

AB

562,662

1,225,757

329,829

23.7

Essity

AB

4,444

105,563

2,684

0.2

Evolution

AB

29,539

3,668,861

(99,680)

(7.2)

Getinge

AB

81,559

1,640,389

50,202

3.6

H

&

M

Hennes

&

Mauritz

AB

234,143

3,817,954

629,549

45.2

Hexpol

AB

97,220

1,187,136

36,372

2.6

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

91

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Sweden

(continued)

Husqvarna

AB

7,984

68,319

6,276

0.5

Saab

AB

31,651

2,815,449

196,790

14.1

SKF

AB

31,160

636,126

(39,241)

(2.8)

SSAB

AB

350,537

2,588,242

41,740

3.0

Swedbank

AB

11,002

218,365

(12,899)

(0.9)

Telia

Co.

AB

934,925

2,396,170

136,593

9.8

Trelleborg

AB

198,481

7,097,279

(266,025)

(19.1)

Volvo

AB

77,080

2,088,980

(112,740)

(8.1)

Volvo

Car

AB

868,647

3,288,686

416,730

29.9

Short

Positions

Common

Stocks

Sweden

Assa

Abloy

AB

(29,341)

(842,037)

(17,781)

(1.3)

Atlas

Copco

AB

(129,147)

(2,181,106)

14,779

1.1

Axfood

AB

(48,288)

(1,403,889)

(51,428)

(3.7)

Beijer

Ref

AB

(51,722)

(767,963)

(115,157)

(8.3)

Epiroc

AB

(303,581)

(5,698,993)

66,890

4.8

EQT

AB

(115,984)

(3,671,996)

(52,914)

(3.8)

Hexagon

AB

(260,493)

(3,079,270)

(50,650)

(3.6)

Holmen

AB

(23,966)

(974,934)

(31,878)

(2.3)

Indutrade

AB

(31,007)

(844,532)

(37,493)

(2.7)

Lifco

AB

(111,076)

(2,900,674)

(26,230)

(1.9)

Nibe

Industrier

AB

(517,051)

(2,542,547)

114,199

8.2

Sandvik

AB

(59,009)

(1,310,046)

15,231

1.1

Securitas

AB

(119,014)

(1,226,920)

(15,543)

(1.1)

Skandinaviska

Enskilda

Banken

AB

(46,029)

(623,580)

37,141

2.7

Skanska

AB

(66,379)

(1,182,114)

17,843

1.3

Svenska

Cellulosa

AB

SCA

(145,900)

(2,243,067)

(171,925)

(12.4)

Svenska

Handelsbanken

AB

(279,636)

(2,827,116)

316,960

22.8

Swedish

Orphan

Biovitrum

AB

(102,209)

(2,551,406)

5,729

0.4

Telefonaktiebolaget

LM

Ericsson

(646,939)

(3,479,342)

(86,297)

(6.2)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.03%

to

0.03%),

which

is

denominated

in

EUR

based

on

the

local

currencies

of

the

positions

within

the

swap.

10-42

months

maturity

ranging

from

01/13/2025

-

08/27/2027

$24,903,128

$804,768

$(15,977)

$788,791

92

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

France

Amundi

SA

4,902

336,703

13,839

1.8

Bouygues

SA

47,266

1,929,628

44,930

5.7

Cie

de

Saint-Gobain

SA

12,813

994,465

52,407

6.6

Dassault

Aviation

SA

9,506

2,092,936

276,679

35.1

Eiffage

SA

29,592

3,358,462

74,942

9.5

Ipsen

SA

16,482

1,961,298

69,335

8.8

La

Francaise

des

Jeux

SAEM

27,959

1,139,544

27,112

3.4

Orange

SA

96,131

1,130,502

31,789

4.0

Rexel

SA

101,879

2,752,041

159,213

20.2

Safran

SA

317

71,792

5,267

0.7

Sodexo

SA

5,151

441,561

16,327

2.1

Singapore

STMicroelectronics

NV

26,164

1,126,053

(103,657)

(13.1)

Short

Positions

Common

Stocks

France

Aeroports

de

Paris

SA

(7,601)

(1,042,207)

(13,884)

(1.8)

Air

Liquide

SA

(7,091)

(1,475,273)

(23)

0.0(a)

Bollore

SE

(149,993)

(1,002,130)

1,154

0.1

Bureau

Veritas

SA

(11,989)

(366,066)

(11,277)

(1.4)

EssilorLuxottica

SA

(4,473)

(1,011,845)

(23,783)

(3.0)

Pernod

Ricard

SA

(4,858)

(786,433)

5,490

0.7

Remy

Cointreau

SA

(7,347)

(741,861)

5,273

0.7

Sartorius

Stedim

Biotech

(1,757)

(501,143)

11,601

1.5

SOITEC

(4,823)

(498,048)

165,632

21.0

Luxembourg

Eurofins

Scientific

SE

(1,594)

(101,539)

(3,379)

(0.4)

United

States

Schneider

Electric

SE

(184)

(41,598)

(219)

(0.0)(a)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.10%

to

0.02%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

10-61

months

maturity

ranging

from

01/13/2025

-

03/14/2029

$1,599,965,064

$5,648,989

$440,073

$6,089,062

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

93

(Continued)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

United

States

Adobe,

Inc.

25,134

12,682,616

(1,402,979)

(23.0)

Amazon.com,

Inc.

74,866

13,504,329

630,372

10.4

Applied

Materials,

Inc.

32,252

6,651,330

156,745

2.6

Axis

Capital

Holdings

Ltd.

130,729

8,500,000

462,781

7.6

Bank

of

America

Corp.

280,884

10,651,121

570,195

9.4

Booking

Holdings,

Inc.

3,527

12,795,533

441,369

7.2

Caesars

Entertainment,

Inc.

203,033

8,880,663

225,367

3.7

Chipotle

Mexican

Grill,

Inc.

2,433

7,072,171

594,090

9.8

Citigroup,

Inc.

143,925

9,101,817

839,083

13.8

Comcast

Corp.

184,062

7,979,088

(34,972)

(0.6)

Crowdstrike

Holdings,

Inc.

28,345

9,087,124

91,271

1.5

Dick's

Sporting

Goods,

Inc.

30,568

6,873,520

1,356,609

22.3

DocuSign,

Inc.

211,014

12,565,884

331,292

5.4

DraftKings,

Inc.

271,001

12,306,155

1,027,095

16.9

Everest

Group

Ltd.

18,738

7,448,355

334,099

5.5

Genuine

Parts

Co.

51,552

7,986,951

127,849

2.1

GoDaddy,

Inc.

96,260

11,424,137

394,666

6.5

Kimberly-Clark

Corp.

90,820

11,747,567

233,407

3.8

Las

Vegas

Sands

Corp.

179,217

9,265,519

(163,087)

(2.7)

Molson

Coors

Beverage

Co.

151,910

10,215,948

197,483

3.2

Netflix,

Inc.

11,843

7,192,609

75,795

1.2

NextEra

Energy,

Inc.

121,212

7,746,659

732,120

12.0

NVIDIA

Corp.

9,084

8,207,939

416,229

6.8

Ollie's

Bargain

Outlet

Holdings,

Inc.

95,265

7,580,236

392,492

6.4

PepsiCo,

Inc.

41,367

7,239,639

425,253

7.0

Ross

Stores,

Inc.

57,870

8,493,001

51,504

0.8

Texas

Roadhouse,

Inc.

71,888

11,104,539

447,143

7.3

Wendy's

Co.

(The)

447,509

8,431,070

174,529

2.9

Wingstop,

Inc.

22,507

8,246,565

724,275

11.9

Wynn

Resorts

Ltd.

72,586

7,420,467

(72,586)

(1.2)

Xcel

Energy,

Inc.

137,974

7,416,102

115,898

1.9

Zoom

Video

Communications,

Inc.

131,673

8,607,464

(567,511)

(9.3)

Short

Positions

Common

Stocks

United

States

Accenture

plc

(22,739)

(7,881,565)

605,085

9.9

Fifth

Third

Bancorp

(206,109)

(7,669,316)

(100,993)

(1.7)

Hyatt

Hotels

Corp.

(45,477)

(7,259,039)

(247,850)

(4.1)

Intuit,

Inc.

(20,781)

(13,507,650)

18,079

0.3

Lowe's

Cos.,

Inc.

(44,301)

(11,284,794)

(610,025)

(10.0)

M&T

Bank

Corp.

(50,514)

(7,346,756)

(131,842)

(2.2)

Marriott

International,

Inc.

(33,201)

(8,376,944)

(127,492)

(2.1)

MGM

Resorts

International

(213,835)

(10,095,150)

(977,225)

(16.0)

Microsoft

Corp.

(22,501)

(9,466,621)

(364,516)

(6.0)

Murphy

USA,

Inc.

(23,927)

(10,030,198)

(323,972)

(5.3)

Norwegian

Cruise

Line

Holdings

Ltd.

(359,041)

(7,514,728)

(405,716)

(6.7)

Paylocity

Holding

Corp.

(39,035)

(6,708,555)

(111,640)

(1.8)

Planet

Fitness,

Inc.

(152,397)

(9,544,624)

94,486

1.6

RH

(26,062)

(9,076,352)

(1,731,558)

(28.4)

Southwest

Gas

Holdings,

Inc.

(118,236)

(9,001,307)

(240,019)

(3.9)

94

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

States

(continued)

Vail

Resorts,

Inc.

(31,768)

(7,078,863)

57,182

0.9

Valvoline,

Inc.

(175,099)

(7,804,162)

(108,561)

(1.8)

Yum!

Brands,

Inc.

(55,781)

(7,734,036)

79,767

1.3

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CDOR

plus

or

minus

a

specified

spread

(-0.95%

to

0.20%),

which

is

denominated

in

CAD

based

on

the

local

currencies

of

the

positions

within

the

swap.

10-62

months

maturity

ranging

from

01/21/2025

-

03/14/2029

$131,233,394

$208,087

$(123,284)

$84,803

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Canada

Air

Canada

329,303

4,767,363

306,317

361.2

Alamos

Gold,

Inc.

105,553

1,556,158

144,161

170.0

Atco

Ltd.

55,734

1,551,607

3,292

3.9

Bank

of

Nova

Scotia

(The)

55,041

2,847,236

113,369

133.7

Bombardier,

Inc.

49,557

2,127,452

54,878

64.7

Cameco

Corp.

26,968

1,167,475

37,031

43.7

Canadian

Imperial

Bank

of

Commerce

28,697

1,454,817

31,778

37.5

Cenovus

Energy,

Inc.

142,322

2,845,284

149,199

175.9

Descartes

Systems

Group,

Inc.

(The)

12,472

1,140,808

(12,890)

(15.2)

Empire

Co.

Ltd.

65,605

1,602,166

(2,906)

(3.4)

Fairfax

Financial

Holdings

Ltd.

4,333

4,670,638

(247,687)

(292.1)

Finning

International,

Inc.

83,468

2,453,111

170,072

200.6

George

Weston

Ltd.

13,453

1,817,603

29,299

34.5

Imperial

Oil

Ltd.

35,786

2,468,337

49,404

58.3

Manulife

Financial

Corp.

127,604

3,186,921

115,871

136.6

Nutrien

Ltd.

21,528

1,169,573

11,761

13.9

Nuvei

Corp.

36,978

1,168,948

108,104

127.5

Open

Text

Corp.

31,506

1,222,513

8,141

9.6

Shopify,

Inc.

64,065

4,942,448

(20,337)

(24.0)

SNC-Lavalin

Group,

Inc.

58,982

2,412,316

(30,045)

(35.4)

Stantec,

Inc.

26,473

2,197,891

(69,576)

(82.0)

Suncor

Energy,

Inc.

104,812

3,868,113

64,224

75.7

TFI

International,

Inc.

16,680

2,659,835

140,380

165.5

Whitecap

Resources,

Inc.

303,210

2,294,417

51,484

60.7

Zambia

First

Quantum

Minerals

Ltd.

212,456

2,283,680

(20,390)

(24.0)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

95

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Canada

Alimentation

Couche-Tard,

Inc.

(31,932)

(1,822,497)

83,687

98.7

BCE,

Inc.

(59,999)

(2,038,872)

12,402

14.6

Brookfield

Corp.

(40,503)

(1,694,814)

(34,985)

(41.3)

Brookfield

Infrastructure

Corp.

(35,750)

(1,287,955)

(97,388)

(114.8)

Dollarama,

Inc.

(13,473)

(1,026,377)

17,207

20.3

Element

Fleet

Management

Corp.

(101,467)

(1,639,742)

17,978

21.2

Emera,

Inc.

(58,928)

(2,073,824)

(3,480)

(4.1)

Enbridge,

Inc.

(37,662)

(1,361,009)

(23,912)

(28.2)

Franco-Nevada

Corp.

(10,112)

(1,204,885)

(27,397)

(32.3)

Gildan

Activewear,

Inc.

(49,995)

(1,855,412)

(166,828)

(196.7)

Hydro

One

Ltd.

(121,660)

(3,547,724)

126,640

149.3

Intact

Financial

Corp.

(17,261)

(2,803,965)

55,814

65.8

Pan

American

Silver

Corp.

(73,798)

(1,112,514)

(66,468)

(78.4)

RB

Global,

Inc.

(62,983)

(4,797,133)

(71,606)

(84.4)

Restaurant

Brands

International,

Inc.

(23,774)

(1,887,984)

26,327

31.0

Rogers

Communications,

Inc.

(28,283)

(1,158,840)

34,452

40.6

Royal

Bank

of

Canada

(19,647)

(1,981,598)

(33,070)

(39.0)

Teck

Resources

Ltd.

(97,766)

(4,474,912)

(137,134)

(161.7)

Thomson

Reuters

Corp.

(8,373)

(1,303,037)

8,530

10.1

Tourmaline

Oil

Corp.

(24,518)

(1,146,303)

(43,622)

(51.4)

WSP

Global,

Inc.

(7,868)

(1,311,343)

(16,322)

(19.2)

Chile

Lundin

Mining

Corp.

(407,727)

(4,171,936)

(180,603)

(213.0)

United

States

Brookfield

Renewable

Corp.

(47,620)

(1,168,572)

(55,546)

(65.5)

BRP,

Inc.

(34,163)

(2,293,843)

(204,542)

(241.2)

GFL

Environmental,

Inc.

(32,243)

(1,111,860)

(14,996)

(17.7)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ESTR

plus

or

minus

a

specified

spread

(-1.85%

to

0.23%),

which

is

denominated

in

EUR

based

on

the

local

currencies

of

the

positions

within

the

swap.

10-61

months

maturity

ranging

from

01/21/2025

-

03/14/2029

$232,353,213

$3,957,604

$(22,963)

$3,934,641

96

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

France

Air

France-KLM

338,073

3,763,438

259,111

6.6

Amundi

SA

23,415

1,608,302

83,785

2.1

Bouygues

SA

69,535

2,838,757

15,086

0.4

Cie

de

Saint-Gobain

SA

69,420

5,387,949

210,542

5.4

Dassault

Aviation

SA

9,588

2,110,990

245,965

6.3

Engie

SA

567,996

9,518,110

127,831

3.2

Gaztransport

Et

Technigaz

SA

16,633

2,486,835

33,820

0.9

Orange

SA

381,998

4,492,303

123,846

3.1

Rexel

SA

116,788

3,154,776

82,975

2.1

Safran

SA

14,137

3,201,631

100,197

2.5

SCOR

SE

50,993

1,765,252

43,320

1.1

Societe

Generale

SA

280,354

7,511,530

340,205

8.6

Sodexo

SA

29,412

2,521,294

58,324

1.5

SPIE

SA

47,381

1,781,077

(9,040)

(0.2)

Valeo

SE

133,755

1,672,244

43,079

1.1

Verallia

SA

75,413

2,931,976

126,707

3.2

Vinci

SA

14,859

1,906,836

29,649

0.8

Vivendi

SE

512,747

5,587,833

87,040

2.2

Worldline

SA/France

135,228

1,672,977

185,621

4.7

Italy

Azimut

Holding

SpA

116,351

3,163,045

46,253

1.2

Banco

BPM

SpA

929,770

6,186,018

366,135

9.3

Buzzi

SpA

122,869

4,825,428

260,158

6.6

Enel

SpA

783,077

5,169,482

38,029

1.0

Intesa

Sanpaolo

SpA

1,707,893

6,200,569

250,942

6.4

Leonardo

SpA

133,819

3,362,022

220,517

5.6

Pirelli

&

C

SpA

735,883

4,505,812

115,504

2.9

Poste

Italiane

SpA

545,226

6,828,521

(100,676)

(2.6)

UniCredit

SpA

103,912

3,946,505

227,967

5.8

Unipol

Gruppo

SpA

780,751

6,542,643

196,655

5.0

Singapore

STMicroelectronics

NV

72,727

3,130,045

(104,139)

(2.6)

United

States

Tenaris

SA

163,038

3,223,463

113,665

2.9

Short

Positions

Common

Stocks

France

Aeroports

de

Paris

SA

(17,482)

(2,397,034)

(45,135)

(1.1)

Air

Liquide

SA

(10,014)

(2,083,400)

13,148

0.3

Airbus

SE

(16,805)

(3,095,965)

(136,774)

(3.5)

Bureau

Veritas

SA

(55,917)

(1,707,339)

(94,221)

(2.4)

Capgemini

SE

(20,173)

(4,642,025)

200,385

5.1

EssilorLuxottica

SA

(18,692)

(4,228,348)

(51,997)

(1.3)

Hermes

International

SCA

(3,046)

(7,784,909)

27,977

0.7

Kering

SA

(12,413)

(4,916,584)

754,159

19.2

L'Oreal

SA

(4,482)

(2,122,548)

12,525

0.3

Pernod

Ricard

SA

(49,283)

(7,978,137)

(61,278)

(1.6)

Sartorius

Stedim

Biotech

(27,421)

(7,821,195)

15,381

0.4

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

97

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Italy

Amplifon

SpA

(65,472)

(2,386,630)

(146,105)

(3.7)

Davide

Campari-Milano

NV

(277,147)

(2,785,320)

40,230

1.0

DiaSorin

SpA

(19,993)

(1,929,421)

86,891

2.2

Ferrari

NV

(21,085)

(9,193,808)

(240,372)

(6.1)

FinecoBank

Banca

Fineco

SpA

(155,307)

(2,326,002)

(121,843)

(3.1)

Interpump

Group

SpA

(41,242)

(2,010,006)

(76,300)

(1.9)

Recordati

Industria

Chimica

e

Farmaceutica

SpA

(33,095)

(1,827,432)

24,206

0.6

Luxembourg

Eurofins

Scientific

SE

(95,567)

(6,087,662)

(313,924)

(8.0)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SORA

plus

or

minus

a

specified

spread

(-0.75%

to

0.25%),

which

is

denominated

in

SGD

based

on

the

local

currencies

of

the

positions

within

the

swap.

10-58

months

maturity

ranging

from

01/21/2025

-

12/29/2028

$20,367,896

$207,993

$16

$208,009

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

China

Wilmar

International

Ltd.

691,900

1,757,512

10,148

4.9

Yangzijiang

Shipbuilding

Holdings

Ltd.

1,344,400

1,901,589

198,998

95.7

Singapore

Genting

Singapore

Ltd.

2,235,500

1,466,123

9,178

4.4

Jardine

Cycle

&

Carriage

Ltd.

42,000

751,994

(3,555)

(1.7)

Oversea-Chinese

Banking

Corp.

Ltd.

21,300

212,827

2,075

1.0

Singapore

Airlines

Ltd.

349,800

1,657,879

10,237

4.9

United

Overseas

Bank

Ltd.

89,100

1,937,037

27,351

13.1

Short

Positions

Common

Stocks

Singapore

CapitaLand

Investment

Ltd/Singapore

(923,200)

(1,831,953)

(6,407)

(3.1)

City

Developments

Ltd.

(841,600)

(3,645,683)

575

0.3

DBS

Group

Holdings

Ltd.

(23,700)

(632,501)

(19,926)

(9.6)

Keppel

Ltd.

(170,200)

(924,875)

(21,091)

(10.1)

Seatrium

Ltd.

(30,410,200)

(1,777,287)

46,987

22.6

Singapore

Technologies

Engineering

Ltd.

(628,300)

(1,870,636)

(46,577)

(22.4)

98

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-15.32%

to

0.20%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

10-63

months

maturity

ranging

from

01/22/2025

-

03/14/2029

$1,189,898,225

$2,934,128

$28,430,489

$31,364,617

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

United

States

3M

Co.

123,142

13,061,672

156,390

0.5

Apple,

Inc.

53,614

9,193,729

(120,095)

(0.4)

AT&T,

Inc.

542,416

9,546,522

162,725

0.5

Baker

Hughes

Co.

284,529

9,531,722

315,827

1.0

Centene

Corp.

106,540

8,361,259

155,548

0.5

Crocs,

Inc.

60,565

8,709,247

838,220

2.7

Exelixis,

Inc.

272,309

6,461,893

152,493

0.5

Flowserve

Corp.

212,844

9,722,714

240,514

0.8

Gates

Industrial

Corp.

plc

341,202

6,042,687

194,485

0.6

General

Dynamics

Corp.

23,576

6,659,984

115,287

0.4

General

Electric

Co.

48,367

8,489,860

271,823

0.9

Humana,

Inc.

25,581

8,869,444

(12,023)

0.0(a)

Huntington

Ingalls

Industries,

Inc.

24,493

7,138,975

21,554

0.1

KB

Home

92,698

6,570,434

354,106

1.1

Marathon

Petroleum

Corp.

31,126

6,271,889

249,631

0.8

Martin

Marietta

Materials,

Inc.

9,848

6,046,081

169,189

0.5

Medpace

Holdings,

Inc.

15,674

6,334,647

207,367

0.7

Neurocrine

Biosciences,

Inc.

54,507

7,517,605

(82,851)

(0.3)

PPG

Industries,

Inc.

56,867

8,240,028

331,535

1.1

PulteGroup,

Inc.

50,085

6,041,253

522,887

1.7

Ralph

Lauren

Corp.

41,986

7,883,291

200,273

0.6

Skechers

USA,

Inc.

151,617

9,288,057

163,746

0.5

TD

SYNNEX

Corp.

68,270

7,721,337

710,008

2.3

Terex

Corp.

133,874

8,621,486

744,339

2.4

Toll

Brothers,

Inc.

66,728

8,632,601

653,267

2.1

Valero

Energy

Corp.

56,449

9,635,280

248,376

0.8

Vertiv

Holdings

Co.

108,991

8,901,295

493,729

1.6

Short

Positions

Common

Stocks

United

States

Avery

Dennison

Corp.

(27,490)

(6,137,142)

(241,362)

(0.8)

Biogen,

Inc.

(27,480)

(5,925,512)

103,600

0.3

BJ's

Wholesale

Club

Holdings,

Inc.

(110,459)

(8,356,223)

82,844

0.3

Celanese

Corp.

(71,931)

(12,362,062)

(686,941)

(2.2)

Chevron

Corp.

(40,080)

(6,322,219)

(93,386)

(0.3)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

99

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

States

(continued)

Columbia

Sportswear

Co.

(95,025)

(7,714,130)

(413,359)

(1.3)

Dollar

Tree,

Inc.

(44,380)

(5,909,197)

(261,842)

(0.8)

Dover

Corp.

(35,173)

(6,232,304)

(97,429)

(0.3)

Graphic

Packaging

Holding

Co.

(223,726)

(6,528,325)

(463,113)

(1.5)

Hayward

Holdings,

Inc.

(477,157)

(7,305,274)

(529,644)

(1.7)

HEICO

Corp.

(45,620)

(8,713,420)

(135,948)

(0.4)

Honeywell

International,

Inc.

(28,575)

(5,865,019)

(242,602)

(0.8)

Ionis

Pharmaceuticals,

Inc.

(142,155)

(6,162,419)

(187,645)

(0.6)

Neogen

Corp.

(403,504)

(6,367,293)

(286,488)

(0.9)

Permian

Resources

Corp.

(332,719)

(5,875,818)

(369,318)

(1.2)

PVH

Corp.

(46,460)

(6,532,741)

(548,228)

(1.7)

Repligen

Corp.

(36,168)

(6,652,019)

373,615

1.2

Shockwave

Medical,

Inc.

(21,829)

(7,108,177)

(1,059,142)

(3.4)

Tempur

Sealy

International,

Inc.

(121,861)

(6,924,142)

(515,472)

(1.6)

T-Mobile

US,

Inc.

(37,205)

(6,072,600)

(77,014)

(0.2)

UnitedHealth

Group,

Inc.

(29,540)

(14,613,438)

(225,981)

(0.7)

Waters

Corp.

(20,139)

(6,932,448)

61,223

0.2

YETI

Holdings,

Inc.

(173,086)

(6,672,465)

(335,787)

(1.1)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.28%

to

0.28%),

which

is

denominated

in

CHF

based

on

the

local

currencies

of

the

positions

within

the

swap.

25-76

months

maturity

05/14/2024

$18,297,461

$(363,074)

$57,639

$(305,435)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Switzerland

ABB

Ltd.

(Registered)

43,350

2,011,020

(22,251)

7.3

Adecco

Group

AG

(Registered)

8,110

320,850

2,601

(0.9)

DKSH

Holding

AG

19,143

1,302,238

(37,146)

12.2

Galenica

AG

2,706

225,805

468

(0.2)

Georg

Fischer

AG

(Registered)

20,031

1,485,625

(53,598)

17.5

Novartis

AG

(Registered)

42,812

4,146,704

86,482

(28.3)

100

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Switzerland

Bachem

Holding

AG

(12,845)

(1,230,077)

(74,974)

24.5

EMS-Chemie

Holding

AG

(Registered)

(774)

(593,208)

(34,068)

11.2

SIG

Group

AG

(156,035)

(3,459,961)

(198,599)

65.0

Straumann

Holding

AG

(Registered)

(16,123)

(2,572,549)

(2,630)

0.9

Swisscom

AG

(Registered)

(550)

(336,630)

(15,480)

5.1

Tecan

Group

AG

(Registered)

(1,479)

(612,794)

(13,879)

4.5

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.63%

to

0.28%),

which

is

denominated

in

EUR

based

on

the

local

currencies

of

the

positions

within

the

swap.

21-85

months

maturity

12/18/2024

$39,284,787

$551,984

$(15,201)

$536,783

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Belgium

Ageas

SA/NV

21,949

1,016,801

66,299

12.4

Proximus

SADP

224,954

1,819,702

23,784

4.4

Solvay

SA

8,318

227,012

16,664

3.1

Germany

Bayerische

Motoren

Werke

AG

17,063

1,968,709

17,785

3.3

Bechtle

AG

4,515

238,637

(773)

(0.1)

Brenntag

SE

7,571

638,092

(807)

(0.2)

Evonik

Industries

AG

22,093

437,004

31,331

5.8

Freenet

AG

29,223

822,389

31,686

5.9

GEA

Group

AG

35,449

1,498,790

16,064

3.0

HOCHTIEF

AG

1,734

201,496

1,890

0.4

TeamViewer

SE

85,590

1,275,484

32,143

6.0

thyssenkrupp

AG

182,919

981,254

28,486

5.3

Spain

Acerinox

SA

178,819

1,963,731

107,851

20.1

Banco

de

Sabadell

SA

2,493,623

3,922,918

170,026

31.7

Banco

Santander

SA

148,617

725,910

62,522

11.6

Mapfre

SA

727,844

1,840,119

217,824

40.6

Telefonica

SA

17,568

77,585

3,705

0.7

United

States

Signify

NV

47,798

1,471,437

105,946

19.7

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

101

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Belgium

D'ieteren

Group

(7,132)

(1,581,178)

(60,003)

(11.2)

Elia

Group

SA/NV

(1,388)

(149,828)

(4,950)

(0.9)

Umicore

SA

(22,473)

(484,509)

16,635

3.1

Finland

Neste

OYJ

(4,990)

(135,305)

(1,257)

(0.2)

Stora

Enso

OYJ

(12,044)

(167,484)

(15,199)

(2.8)

Germany

Aurubis

AG

(5,360)

(376,975)

(10,125)

(1.9)

Carl

Zeiss

Meditec

AG

(6,580)

(821,352)

30,508

5.7

Fraport

AG

Frankfurt

Airport

Services

Worldwide

(27,424)

(1,445,329)

80,737

15.0

Merck

KGaA

(5,192)

(915,534)

(39,477)

(7.4)

Siemens

Energy

AG

(2,660)

(48,821)

(6,263)

(1.2)

Netherlands

IMCD

NV

(1,853)

(326,147)

(7,089)

(1.3)

SBM

Offshore

NV

(44,449)

(709,925)

(38,572)

(7.2)

Universal

Music

Group

NV

(5,616)

(168,763)

(7,295)

(1.4)

Spain

Acciona

SA

(6,448)

(784,726)

(16,041)

(3.0)

Amadeus

IT

Group

SA

(3,208)

(205,943)

(7,423)

(1.4)

Cellnex

Telecom

SA

(146,394)

(5,178,644)

(168,877)

(31.5)

Corp.

ACCIONA

Energias

Renovables

SA

(19,350)

(421,647)

(2,462)

(0.5)

Fluidra

SA

(37,249)

(881,497)

(14,281)

(2.7)

Iberdrola

SA

(10,801)

(134,152)

(6,148)

(1.1)

Naturgy

Energy

Group

SA

(7,163)

(155,456)

(3,064)

(0.6)

Preferred

Stocks

Germany

Sartorius

AG

(Preference)

(7,717)

(3,064,502)

(99,796)

(18.6)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

STIBOR

plus

or

minus

a

specified

spread

(-0.30%

to

0.30%),

which

is

denominated

in

SEK

based

on

the

local

currencies

of

the

positions

within

the

swap.

28-37

months

maturity

02/21/2025

$14,518,237

$2,622

$(21,905)

$(19,283)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Guatemala

Millicom

International

Cellular

SA

58,131

1,185,356

99,201

(514.4)

102

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Sweden

Billerud

Aktiebolag

150,290

1,348,651

24,908

(129.2)

Elekta

AB

120,869

911,052

16,956

(87.9)

H

&

M

Hennes

&

Mauritz

AB

107,181

1,747,702

288,182

(1,494.5)

Trelleborg

AB

8,803

314,777

(11,799)

61.2

Volvo

Car

AB

72,966

276,248

35,005

(181.5)

Short

Positions

Common

Stocks

Sweden

Beijer

Ref

AB

(116,281)

(1,726,529)

(258,895)

1,342.6

Epiroc

AB

(79,062)

(1,484,196)

17,420

(90.3)

EQT

AB

(8,338)

(263,977)

(3,804)

19.7

Hexagon

AB

(8,870)

(104,852)

(1,725)

8.9

Holmen

AB

(30,553)

(1,242,893)

(40,639)

210.8

Indutrade

AB

(37,047)

(1,009,043)

(44,796)

232.3

Lifco

AB

(10,672)

(278,692)

(2,520)

13.1

Nibe

Industrier

AB

(59,020)

(290,225)

13,035

(67.6)

Securitas

AB

(77,312)

(797,012)

(10,097)

52.4

Svenska

Cellulosa

AB

SCA

(99,976)

(1,537,032)

(117,810)

611.0

(a)

Represents

less

than

0.05%

of

swap

value.

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2024

103

INVESTMENTS

SHARES

VALUE

($)

COMMON

STOCKS

-

9.5%

Energy

-

3.5%

Oil,

Gas

&

Consumable

Fuels

-

3.5%

Antero

Resources

Corp.

(1)*

2,321

67,309

APA

Corp.

(1)

2,126

73,092

Cheniere

Energy,

Inc.

(1)

775

124,992

Chesapeake

Energy

Corp.

(1)

838

74,440

Chevron

Corp.

(1)

3,384

533,792

ConocoPhillips

(1)

2,197

279,634

Coterra

Energy,

Inc.

(1)

3,055

85,173

Devon

Energy

Corp.

(1)

1,856

93,134

Diamondback

Energy,

Inc.

(1)

741

146,844

DT

Midstream,

Inc.

(1)

1,365

83,402

EOG

Resources,

Inc.

(1)

1,245

159,161

EQT

Corp.

(1)

2,229

82,629

Exxon

Mobil

Corp.

(1)

5,932

689,536

Hess

Corp.

(1)

913

139,360

HF

Sinclair

Corp.

(1)

1,475

89,046

Kinder

Morgan,

Inc.

(1)

6,263

114,863

Marathon

Oil

Corp.

(1)

3,613

102,392

Marathon

Petroleum

Corp.

(1)

1,436

289,354

New

Fortress

Energy,

Inc.

(1)

1,553

47,506

Occidental

Petroleum

Corp.

(1)

1,991

129,395

ONEOK,

Inc.

(1)

1,720

137,892

Ovintiv,

Inc.

(1)

1,770

91,863

Phillips

66

(1)

1,365

222,959

Pioneer

Natural

Resources

Co.

(1)

542

142,275

Range

Resources

Corp.

(1)

2,702

93,030

Southwestern

Energy

Co.

(1)*

11,217

85,025

Targa

Resources

Corp.

(1)

1,393

156,002

Valero

Energy

Corp.

(1)

1,075

183,492

Williams

Cos.,

Inc.

(The)

(1)

3,452

134,525

Total

Energy

4,652,117

Financials

-

6.0%

Banks

-

6.0%

ABN

AMRO

Bank

NV,

CVA

(Netherlands)

(a)

10,059

172,132

Banco

Bilbao

Vizcaya

Argentaria

SA

(Spain)

44,089

525,034

Banco

Santander

SA

(Spain)

106,908

522,185

Barclays

plc

(United

Kingdom)

139,041

322,248

BNP

Paribas

SA

(France)

6,806

484,553

CaixaBank

SA

(Spain)

56,069

272,079

Commerzbank

AG

(Germany)

16,378

225,102

Credit

Agricole

SA

(France)

17,694

263,958

DNB

Bank

ASA

(Norway)

7,870

156,436

FinecoBank

Banca

Fineco

SpA

(Italy)

11,403

170,781

HSBC

Holdings

plc

(United

Kingdom)

107,526

840,512

ING

Groep

NV

(Netherlands)

26,262

432,359

Intesa

Sanpaolo

SpA

(Italy)

119,981

435,596

KBC

Group

NV

(Belgium)

3,078

230,764

Lloyds

Banking

Group

plc

(United

Kingdom)

529,751

346,455

INVESTMENTS

SHARES

VALUE

($)

Banks

-

6.0%

(continued)

Mediobanca

Banca

di

Credito

Finanziario

SpA

(Italy)

16,044

239,079

NatWest

Group

plc

(United

Kingdom)

63,998

214,351

Nordea

Bank

Abp

(Finland)

27,051

301,470

Skandinaviska

Enskilda

Banken

AB,

Class

A

(Sweden)

21,080

285,582

Societe

Generale

SA

(France)

8,889

238,163

Standard

Chartered

plc

(United

Kingdom)

28,075

238,012

Svenska

Handelsbanken

AB,

Class

A

(Sweden)

22,778

230,285

Swedbank

AB,

Class

A

(Sweden)

12,044

239,046

UniCredit

SpA

(Italy)

14,605

554,688

Total

Financials

7,940,870

TOTAL

COMMON

STOCKS

(Cost

$10,345,057)

12,592,987

SHORT-TERM

INVESTMENTS

-

66.4%

INVESTMENT

COMPANIES

-

40.9%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

5.16%

(1)(b)(c)

2,920,799

2,920,799

Limited

Purpose

Cash

Investment

Fund,

5.33%

(1)(b)

50,855,602

50,835,260

TOTAL

INVESTMENT

COMPANIES

(Cost

$53,743,059)

53,756,059

‌

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

25.5%

U.S.

Treasury

Bills

5.49%,

4/4/2024

(d)

$

11,483,000

11,478,032

5.48%,

4/18/2024

(d)(e)

1,826,000

1,821,461

5.47%,

4/25/2024

(d)

1,582,000

1,576,456

5.40%,

5/9/2024

(d)(e)

1,166,000

1,159,515

5.41%,

5/16/2024

(d)(e)

713,000

708,340

5.21%,

6/27/2024

(d)

743,000

733,632

5.11%,

7/18/2024

(d)(e)

1,502,000

1,478,736

5.18%,

8/8/2024

(d)

843,000

827,522

5.20%,

8/15/2024

(d)

1,489,000

1,460,268

5.23%,

8/22/2024

(d)(e)

2,049,000

2,007,234

5.27%,

8/29/2024

(d)(e)

3,252,000

3,182,763

5.24%,

9/5/2024

(d)

2,647,000

2,587,907

5.23%,

9/12/2024

(d)(e)

988,000

965,036

5.27%,

9/19/2024

(d)

3,714,000

3,623,705

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$33,611,768)

33,610,607

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$87,354,827)

87,366,666

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

75.9%

(Cost

$97,699,884)

99,959,653

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

24.1%

‡

31,659,366

NET

ASSETS

-

100.0%

131,619,019

104

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

SECTOR

VALUE

%

OF

NET

ASSETS

Energy

$

4,652,117

3.5

%

Financials

7,940,870

6.0

Investment

Companies

53,756,059

40.9

U.S.

Treasury

Obligations

33,610,607

25.5

Total

Investments

In

Securities

At

Value

99,959,653

75.9

Other

Assets

in

Excess

of

Liabilities

‡

31,659,366

24.1

Net

Assets

$

131,619,019

100.0%

*

Non-income

producing

security.

‡

Includes

appreciation/(depreciation)

on

forward

foreign

currency

exchange,

futures

and

swap

contracts.

(a)

Securities

exempt

from

registration

under

Rule

144A

or

section

4(2),

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$172,132,

which

represents

0.13%

of

net

assets

of

the

Fund.

(b)

Represents

7-day

effective

yield

as

of

March

31,

2024.

(c)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts.

(d)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(e)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

All

securities

are

Level

2

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(1)

Level

1

security.

Credit

default

swap

contracts

outstanding

-

sell

protection

as

of

March

31,

2024

:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

RECEIVED

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Crossover

Index

Series

41.V1

5.00

%

Quarterly

6/20/2029

2.97

%

EUR

5,550,000

$

562,567

$

(27,094)

$

535,473

iTraxx

Europe

Main

Index

Series

41.V1

1.00

Quarterly

6/20/2029

0.54

EUR

5,931,000

143,436

(711)

142,725

Markit

CDX

North

America

High

Yield

Index

Series

42.V1

5.00

Quarterly

6/20/2029

3.34

USD

4,563,000

332,517

6,227

338,744

Markit

CDX

North

America

Investment

Grade

Index

Series

42.V1

1.00

Quarterly

6/20/2029

0.51

USD

6,991,000

160,032

(366)

159,666

1,198,552

(21,944)

1,176,608

Markit

CDX

North

America

Emerging

Markets

Index

Series

41.V1

1.00

%

Quarterly

6/20/2029

1.68

%

USD

3,066,000

$

(91,103)

$

(1,950)

$

(93,053)

(91,103)

(1,950)

(93,053)

$

1,107,449

$

(23,894)

$

1,083,555

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

105

(Continued)

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2024:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.50%

Semi

6/21/2034

CAD

6,800,000

$

11,586

$

18,104

$

29,690

Pay

1D

CORRA

Semi

3.50%

Semi

9/20/2034

CAD

6,500,000

32,503

9,580

42,083

Pay

1D

SARON

Annual

1.00%

Annual

6/17/2026

CHF

50,900,000

(50,999)

51,635

636

Pay

1D

SARON

Annual

1.00%

Annual

9/16/2026

CHF

117,300,000

136,132

(44,963)

91,169

Pay

1D

SOFR

Annual

4.00%

Annual

9/19/2029

USD

65,600,000

672,326

(122,266)

550,060

Pay

1D

SOFR

Annual

4.00%

Annual

6/21/2034

USD

17,400,000

272,731

2,497

275,228

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2034

USD

9,400,000

144,656

45,641

190,297

Pay

1D

SONIA

Annual

4.00%

Annual

6/20/2029

GBP

2,800,000

44,278

(407)

43,871

Pay

1D

SONIA

Annual

4.00%

Annual

9/19/2029

GBP

1,400,000

28,148

785

28,933

Pay

1D

SONIA

Annual

4.00%

Annual

6/17/2054

GBP

3,600,000

152,087

120,058

272,145

Pay

1D

SONIA

Annual

4.00%

Annual

9/16/2054

GBP

6,700,000

359,771

173,169

532,940

Pay

1D

TONAR

Annual

0.50%

Annual

6/17/2026

JPY

11,205,000,000

274,599

(29,465)

245,134

Pay

1D

TONAR

Annual

0.50%

Annual

9/16/2026

JPY

11,232,100,000

119,016

55,955

174,971

Pay

1D

TONAR

Annual

1.50%

Annual

6/15/2044

JPY

632,300,000

33,143

80,343

113,486

Pay

1D

TONAR

Annual

1.50%

Annual

9/21/2044

JPY

2,153,200,000

316,050

6,960

323,010

Pay

3M

BBR

Qtrly

5.00%

Semi

6/14/2034

NZD

300,000

3,202

6,215

9,417

Pay

3M

BBR

Qtrly

4.50%

Semi

6/14/2034

NZD

10,000,000

57,037

20,793

77,830

Pay

3M

BBR

Qtrly

4.50%

Semi

9/13/2034

NZD

16,800,000

83,760

65,414

149,174

Pay

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/17/2026

KRW

6,760,800,000

12,665

5,441

18,106

Pay

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/16/2026

KRW

7,475,600,000

23,480

2,803

26,283

Pay

3M

STIBOR

Qtrly

3.00%

Annual

6/20/2029

SEK

108,600,000

171,808

(9,329)

162,479

Pay

6M

BBR

Semi

4.00%

Semi

6/07/2029

AUD

14,600,000

11,571

212

11,783

Pay

6M

BBR

Semi

4.50%

Semi

6/07/2029

AUD

14,200,000

21,098

205,615

226,713

Pay

6M

BBR

Semi

4.50%

Semi

6/08/2034

AUD

22,200,000

78,003

255,313

333,316

Pay

6M

BBR

Semi

4.50%

Semi

9/07/2034

AUD

20,500,000

103,995

197,298

301,293

Pay

6M

EURIBOR

Semi

2.50%

Annual

9/16/2054

EUR

1,100,000

26,573

26,596

53,169

Pay

6M

NIBOR

Semi

4.00%

Annual

9/19/2029

NOK

94,000,000

30,108

63,006

93,114

Pay

6M

NIBOR

Semi

4.00%

Annual

9/20/2034

NOK

68,400,000

161,409

21,953

183,362

Receive

1D

CORRA

Semi

4.00%

Semi

6/17/2026

CAD

5,300,000

2,696

2,995

5,691

Receive

1D

CORRA

Semi

3.50%

Semi

6/17/2026

CAD

28,500,000

131,317

52,233

183,550

Receive

1D

SARON

Annual

1.00%

Annual

6/21/2034

CHF

22,700,000

663,411

(313,031)

350,380

Receive

1D

SARON

Annual

1.00%

Annual

9/20/2034

CHF

17,300,000

345,458

(74,282)

271,176

Receive

1D

SOFR

Annual

4.00%

Annual

6/17/2026

USD

159,200,000

171,542

879,761

1,051,303

Receive

1D

SOFR

Annual

4.00%

Annual

9/16/2026

USD

265,700,000

399,938

361,696

761,634

Receive

1D

SOFR

Annual

3.50%

Annual

6/17/2054

USD

3,400,000

71,079

(17,830)

53,249

Receive

1D

SONIA

Annual

4.00%

Annual

6/17/2026

GBP

5,200,000

32,673

(6,387)

26,286

Receive

1D

SONIA

Annual

3.50%

Annual

6/21/2034

GBP

7,200,000

177,514

(89,613)

87,901

Receive

1D

SONIA

Annual

3.50%

Annual

9/20/2034

GBP

47,000,000

935,076

(550,410)

384,666

Receive

1D

SORA

Semi

2.50%

Semi

6/17/2026

SGD

900,000

7,408

(118)

7,290

Receive

3M

BBR

Qtrly

4.50%

Semi

6/10/2026

NZD

20,900,000

17,942

11,916

29,858

Receive

3M

CD_KSDA

Qtrly

3.00%

Qtrly

6/17/2026

KRW

2,700,000,000

11,620

340

11,960

Receive

3M

JIBAR

Qtrly

8.00%

Qtrly

6/17/2026

ZAR

63,600,000

7,338

(92)

7,246

Receive

3M

STIBOR

Qtrly

2.50%

Annual

6/17/2026

SEK

348,000,000

359,327

(23,199)

336,128

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/17/2026

SEK

515,200,000

(122,774)

165,068

42,294

Receive

6M

BUBOR

Semi

6.00%

Annual

9/16/2026

HUF

1,450,700,000

21,412

3,599

25,011

Receive

6M

EURIBOR

Semi

2.50%

Annual

6/17/2026

EUR

66,600,000

148,966

473,063

622,029

Receive

6M

NIBOR

Semi

3.50%

Annual

6/17/2026

NOK

17,000,000

(1,833)

24,576

22,743

Receive

6M

NIBOR

Semi

4.00%

Annual

6/17/2026

NOK

105,600,000

(33,721)

84,524

50,803

Receive

6M

NIBOR

Semi

4.00%

Annual

9/16/2026

NOK

424,200,000

121,791

(37,738)

84,053

Receive

6M

NIBOR

Semi

3.50%

Annual

6/21/2034

NOK

3,500,000

5,814

(847)

4,967

Receive

6M

NIBOR

Semi

3.50%

Annual

9/20/2034

NOK

2,000,000

3,140

(965)

2,175

Receive

6M

PRIBOR

Semi

3.00%

Annual

6/17/2026

CZK

55,500,000

28,827

3,673

32,500

106

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

6M

WIBOR

Semi

4.50%

Annual

9/16/2026

PLN

41,700,000

$

45,387

$

61,650

$

107,037

6,882,084

2,239,538

9,121,622

Pay

1D

SARON

Annual

1.00%

Annual

6/20/2029

CHF

27,300,000

(119,283)

75,784

(43,499)

Pay

1D

SARON

Annual

1.00%

Annual

9/19/2029

CHF

15,700,000

(28,552)

8,593

(19,959)

Pay

1D

SOFR

Annual

3.50%

Annual

6/20/2029

USD

50,400,000

(323,420)

(564,137)

(887,557)

Pay

1D

SOFR

Annual

3.50%

Annual

9/16/2054

USD

1,400,000

(34,293)

19,272

(15,021)

Pay

1D

SONIA

Annual

4.00%

Annual

9/16/2026

GBP

143,100,000

(447,719)

362,786

(84,933)

Pay

1D

SORA

Semi

3.00%

Semi

6/17/2026

SGD

900,000

(1,065)

(37)

(1,102)

Pay

1D

TONAR

Annual

0.50%

Annual

6/20/2029

JPY

1,670,600,000

(46,927)

32,973

(13,954)

Pay

1D

TONAR

Annual

0.50%

Annual

9/19/2029

JPY

7,787,500,000

(230,113)

70,541

(159,572)

Pay

1M

TIIE

Monthly

9.00%

Monthly

9/17/2026

MXN

93,000,000

(6,741)

1,457

(5,284)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/13/2029

NZD

200,000

(1,736)

523

(1,213)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2034

NZD

5,400,000

(104,303)

15,290

(89,013)

Pay

3M

HIBOR

Qtrly

4.00%

Qtrly

9/16/2026

HKD

7,000,000

(1,137)

876

(261)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/19/2029

SEK

87,000,000

26,940

(55,604)

(28,664)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2034

SEK

60,300,000

(1,972)

(53,718)

(55,690)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2034

SEK

132,100,000

(100,311)

11,905

(88,406)

Pay

6M

BBR

Semi

4.00%

Semi

6/08/2034

AUD

500,000

(7,679)

1,871

(5,808)

Pay

6M

EURIBOR

Semi

2.50%

Annual

6/20/2029

EUR

33,000,000

(98,832)

(51,820)

(150,652)

Pay

6M

EURIBOR

Semi

2.50%

Annual

9/19/2029

EUR

64,200,000

(473,800)

422,298

(51,502)

Pay

6M

EURIBOR

Semi

2.50%

Annual

6/21/2034

EUR

26,300,000

(362,618)

233,300

(129,318)

Pay

6M

EURIBOR

Semi

2.50%

Annual

9/20/2034

EUR

8,700,000

(42,560)

26,599

(15,961)

Pay

6M

NIBOR

Semi

3.50%

Annual

6/20/2029

NOK

40,600,000

(10,313)

(45,527)

(55,840)

Pay

6M

WIBOR

Semi

5.00%

Annual

6/17/2026

PLN

1,600,000

(2,382)

–

(2,382)

Receive

1D

CORRA

Semi

4.00%

Semi

9/16/2026

CAD

11,500,000

(33,987)

558

(33,429)

Receive

1D

CORRA

Semi

3.50%

Semi

6/20/2029

CAD

6,000,000

418

(13,076)

(12,658)

Receive

1D

CORRA

Semi

3.50%

Semi

9/19/2029

CAD

1,600,000

(4,268)

(3,677)

(7,945)

Receive

1D

SORA

Semi

3.00%

Semi

9/16/2026

SGD

700,000

(12)

(20)

(32)

Receive

1D

TONAR

Annual

1.00%

Annual

6/21/2034

JPY

4,867,600,000

(62,821)

(353,539)

(416,360)

Receive

1D

TONAR

Annual

1.00%

Annual

9/20/2034

JPY

10,553,200,000

(407,278)

(262,396)

(669,674)

Receive

3M

BBR

Qtrly

5.00%

Semi

6/10/2026

NZD

21,900,000

(81,613)

(8,767)

(90,380)

Receive

3M

BBR

Qtrly

4.00%

Qtrly

6/11/2026

AUD

157,200,000

(293,248)

(16,332)

(309,580)

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/11/2026

AUD

11,200,000

(90,845)

(249)

(91,094)

Receive

3M

BBR

Qtrly

4.00%

Qtrly

9/10/2026

AUD

107,900,000

(196,274)

(129,181)

(325,455)

Receive

3M

BBR

Qtrly

5.00%

Semi

9/16/2026

NZD

8,700,000

(44,032)

(12,420)

(56,452)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/16/2026

NZD

20,000,000

(18,124)

(609)

(18,733)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/13/2029

NZD

7,200,000

20,989

(72,251)

(51,262)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/12/2029

NZD

13,000,000

(35,875)

(81,109)

(116,984)

Receive

3M

STIBOR

Qtrly

3.50%

Annual

6/17/2026

SEK

1,000,000

(495)

(307)

(802)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/16/2026

SEK

523,700,000

(216,750)

103,356

(113,394)

Receive

6M

BBR

Semi

4.00%

Semi

9/13/2029

AUD

100,000

129

(279)

(150)

Receive

6M

BBR

Semi

5.00%

Semi

6/08/2034

AUD

100,000

(3,577)

(588)

(4,165)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/17/2026

EUR

88,600,000

(41,195)

3,662

(37,533)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/16/2026

EUR

155,700,000

(722,447)

58,287

(664,160)

Receive

6M

EURIBOR

Semi

2.50%

Annual

6/17/2054

EUR

3,500,000

(33,080)

(119,527)

(152,607)

(4,683,201)

(395,239)

(5,078,440)

$

2,198,883

$

1,844,299

$

4,043,182

Abbreviations:

1D:

1

Day

1M:

1

Month

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

107

(Continued)

(a)

Floating

rate

indices

at

March

31,

2024

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

5.05%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

5.34%

1

Day

Singapore

Overnight

Rate

Average

(“SORA”):

3.69%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

5.19%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

1.46%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.08%

1

Month

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIE”):

11.25%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.34%

3

Month

Hong

Kong

Interbank

Offered

Rate

(“HIBOR”):

4.72%

3

Month

Johannesburg

Interbank

Agreed

Rate

(“JIBAR”):

8.35%

3

Month

Korean

Certificate

of

Deposit

(“CD_KSDA”):

3.64%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

4.03%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.50%

6

Month

Budapest

Interbank

Offered

Rate

(“BUBOR”):

7.58%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

3.85%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.87%

6

Month

Prague

Interbank

Offered

Rate

(“PRIBOR”):

5.23%

6

Month

Warsaw

Interbank

Offered

Rate

(“WIBOR”):

5.76%

Total

return

swap

contracts

outstanding

as

of

March

31,

2024

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

HSCEI

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/29/2024

HKD

2,034,900

$

696

KOSPI

200

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

06/13/2024

KRW

1,127,100,000

31,851

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/17/2024

TWD

32,323,200

15,658

WIG20

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/21/2024

PLN

3,061,800

11,229

MSCI

Daily

TR

Net

Emerging

Markets

Korea

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.05%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/20/2024

USD

305,571

–

MSCI

Emerging

Markets

Thailand

Net

Total

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.75%)

Monthly

GSIN

06/20/2024

USD

(1,563,947)

56,623

108

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

France

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.28%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/19/2024

EUR

14,545

$

114

MSCI

Germany

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.04%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/19/2024

EUR

289

7

MSCI

Italy

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.36%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/19/2024

EUR

3,834,142

126,997

MSCI

Japan

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

TONAR

plus

or

minus

a

specified

spread

(-0.15%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/19/2024

JPY

516,901,594

157,848

MSCI

Poland

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

WIBOR

plus

or

minus

a

specified

spread

(-0.30%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/19/2024

PLN

437,930

1,840

MSCI

Spain

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.09%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/19/2024

EUR

464,767

19,122

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

109

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Switzerland

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.65%)

Monthly

GSIN

06/19/2024

CHF

(1,188,993)

$

1,199

Total

unrealized

appreciation

423,184

Amsterdam

Exchange

Index

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

GSIN

04/19/2024

EUR

(1,059,936)

(25,794)

DTOP

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

MLIN

06/20/2024

ZAR

(770,100)

(1,113)

iBovespa

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/17/2024

BRL

31,554,530

(97,046)

Swiss

Market

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

Monthly

MLIN

06/21/2024

CHF

(7,795,450)

(48,538)

MSCI

Australia

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

BBR

plus

or

minus

a

specified

spread

(0.25%)

Monthly

GSIN

06/19/2024

AUD

(2,049,973)

(27,039)

MSCI

Brazil

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

CDI

plus

or

minus

a

specified

spread

(-0.40%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/19/2024

BRL

19,402,181

(5,774)

MSCI

Canada

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

CORRA

plus

or

minus

a

specified

spread

(-0.85%)

Monthly

GSIN

06/19/2024

CAD

(3,422,286)

(18,470)

MSCI

Mexico

Net

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

TIIE

plus

or

minus

a

specified

spread

(-0.60%)

Monthly

GSIN

06/19/2024

MXN

(10,801,160)

(2,833)

110

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Netherlands

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.08%)

Monthly

GSIN

06/19/2024

EUR

(287,372)

$

(6,829)

MSCI

Singapore

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SORA

plus

or

minus

a

specified

spread

(-0.05%)

Monthly

GSIN

06/19/2024

SGD

(3,534,475)

(25,119)

MSCI

South

Africa

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

JIBAR

plus

or

minus

a

specified

spread

(-1.47%)

Monthly

GSIN

06/19/2024

ZAR

(6,652,818)

(1,157)

MSCI

Sweden

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

STIBOR

plus

or

minus

a

specified

spread

(-2.30%)

Monthly

GSIN

06/19/2024

SEK

(2,078,698)

(644)

MSCI

United

Kingdom

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SONIA

plus

or

minus

a

specified

spread

(0.18%)

Monthly

GSIN

06/19/2024

GBP

(242,052)

(6,872)

Tel

Aviv

Stock

Exchange

35

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

TELBOR

plus

or

minus

a

specified

spread

(-0.60%)

Monthly

BANA

06/19/2024

ILS

(617,357)

(8,542)

Total

unrealized

depreciation

(275,770)

Net

unrealized

appreciation

$

147,414

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

111

(Continued)

Futures

contracts

outstanding

as

of

March

31,

2024:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

445

4/2024

USD

$

38,715,000

$

928,545

CAC

40

10

Euro

Index

19

4/2024

EUR

1,685,665

15,153

Hang

Seng

Index

4

4/2024

HKD

423,412

(1,107)

HSCEI

21

4/2024

HKD

779,964

934

IBEX

35

Index

27

4/2024

EUR

3,223,730

172,453

LME

Aluminum

Base

Metal

1

4/2024

USD

57,673

3,564

LME

Aluminum

Base

Metal

1

4/2024

USD

57,673

3,002

LME

Aluminum

Base

Metal

1

4/2024

USD

57,497

1,392

LME

Aluminum

Base

Metal

1

4/2024

USD

57,397

219

LME

Aluminum

Base

Metal

1

4/2024

USD

57,692

3,695

LME

Aluminum

Base

Metal

1

4/2024

USD

57,477

1,312

LME

Aluminum

Base

Metal

2

4/2024

USD

115,346

6,630

LME

Aluminum

Base

Metal

2

4/2024

USD

115,124

3,753

LME

Aluminum

Base

Metal

7

4/2024

USD

402,621

10,512

LME

Aluminum

Base

Metal

10

4/2024

USD

578,308

8,230

LME

Aluminum

Base

Metal

11

4/2024

USD

635,932

16,022

LME

Aluminum

Base

Metal

12

4/2024

USD

692,799

23,280

LME

Aluminum

Base

Metal

13

4/2024

USD

750,399

20,978

LME

Aluminum

Base

Metal

14

4/2024

USD

808,406

17,987

LME

Aluminum

Base

Metal

18

4/2024

USD

1,035,711

27,942

LME

Copper

Base

Metal

1

4/2024

USD

220,162

4,317

LME

Copper

Base

Metal

1

4/2024

USD

219,752

10,562

LME

Copper

Base

Metal

1

4/2024

USD

220,127

7,074

LME

Copper

Base

Metal

1

4/2024

USD

219,696

11,958

LME

Copper

Base

Metal

2

4/2024

USD

439,754

22,181

LME

Copper

Base

Metal

2

4/2024

USD

439,969

11,419

LME

Copper

Base

Metal

2

4/2024

USD

438,413

13,758

LME

Copper

Base

Metal

4

4/2024

USD

879,794

23,383

LME

Copper

Base

Metal

5

4/2024

USD

1,097,568

49,504

LME

Copper

Base

Metal

6

4/2024

USD

1,315,465

49,853

LME

Copper

Base

Metal

8

4/2024

USD

1,755,468

78,547

LME

Copper

Base

Metal

9

4/2024

USD

1,974,220

85,397

LME

Copper

Base

Metal

10

4/2024

USD

2,193,958

93,756

LME

Copper

Base

Metal

10

4/2024

USD

2,194,735

89,833

LME

Lead

Base

Metal

1

4/2024

USD

50,634

(945)

LME

Lead

Base

Metal

1

4/2024

USD

50,736

(2,082)

LME

Lead

Base

Metal

1

4/2024

USD

50,687

(945)

LME

Lead

Base

Metal

1

4/2024

USD

50,705

(925)

LME

Lead

Base

Metal

1

4/2024

USD

50,817

(3,512)

LME

Lead

Base

Metal

4

4/2024

USD

202,892

(5,289)

LME

Lead

Base

Metal

5

4/2024

USD

254,016

(8,497)

LME

Lead

Base

Metal

5

4/2024

USD

254,469

(15,544)

LME

Nickel

Base

Metal

1

4/2024

USD

99,515

1,250

LME

Nickel

Base

Metal

1

4/2024

USD

99,660

3,617

LME

Nickel

Base

Metal

1

4/2024

USD

99,414

2,066

LME

Nickel

Base

Metal

1

4/2024

USD

99,488

2,262

LME

Nickel

Base

Metal

1

4/2024

USD

99,420

2,919

LME

Nickel

Base

Metal

1

4/2024

USD

99,723

(690)

LME

Nickel

Base

Metal

1

4/2024

USD

99,501

1,308

LME

Nickel

Base

Metal

2

4/2024

USD

199,227

4,354

LME

Nickel

Base

Metal

2

4/2024

USD

199,383

3,237

LME

Nickel

Base

Metal

2

4/2024

USD

199,414

(1,027)

LME

Nickel

Base

Metal

2

4/2024

USD

198,921

3,859

112

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Nickel

Base

Metal

2

4/2024

USD

$

199,571

$

3,438

LME

Nickel

Base

Metal

3

4/2024

USD

298,746

8,847

LME

Nickel

Base

Metal

3

4/2024

USD

298,793

7,994

LME

Zinc

Base

Metal

1

4/2024

USD

60,198

(4,567)

LME

Zinc

Base

Metal

1

4/2024

USD

60,161

(1,017)

LME

Zinc

Base

Metal

1

4/2024

USD

59,867

(3,838)

LME

Zinc

Base

Metal

2

4/2024

USD

120,216

(2,469)

LME

Zinc

Base

Metal

2

4/2024

USD

119,981

(5,811)

LME

Zinc

Base

Metal

3

4/2024

USD

180,024

(8,370)

LME

Zinc

Base

Metal

3

4/2024

USD

179,654

(11,623)

LME

Zinc

Base

Metal

3

4/2024

USD

180,276

(7,358)

LME

Zinc

Base

Metal

3

4/2024

USD

180,736

(11,348)

LME

Zinc

Base

Metal

4

4/2024

USD

239,820

(11,954)

LME

Zinc

Base

Metal

4

4/2024

USD

239,750

(11,277)

LME

Zinc

Base

Metal

4

4/2024

USD

240,493

(6,347)

LME

Zinc

Base

Metal

5

4/2024

USD

299,864

(14,030)

LME

Zinc

Base

Metal

8

4/2024

USD

482,070

(29,204)

RBOB

Gasoline

64

4/2024

USD

7,312,973

24,991

SGX

FTSE

China

A50

Index

153

4/2024

USD

1,854,360

(7,513)

SGX

FTSE

Taiwan

Index

75

4/2024

USD

5,175,000

8,131

Cocoa

4

5/2024

USD

390,640

29,922

Cocoa

5

5/2024

GBP

522,278

226,606

Coffee

'C'

2

5/2024

USD

141,638

2,569

Copper

21

5/2024

USD

2,103,675

(27,498)

Corn

460

5/2024

USD

10,166,000

21,208

Cotton

No.

2

15

5/2024

USD

685,350

(16,768)

LME

Aluminum

Base

Metal

1

5/2024

USD

58,025

2,303

LME

Aluminum

Base

Metal

3

5/2024

USD

174,074

7,190

LME

Aluminum

Base

Metal

6

5/2024

USD

348,072

14,102

LME

Aluminum

Base

Metal

7

5/2024

USD

405,078

13,635

LME

Aluminum

Base

Metal

8

5/2024

USD

464,834

27,110

LME

Aluminum

Base

Metal

8

5/2024

USD

464,246

13,594

LME

Aluminum

Base

Metal

8

5/2024

USD

463,496

16,778

LME

Aluminum

Base

Metal

8

5/2024

USD

463,996

19,748

LME

Aluminum

Base

Metal

8

5/2024

USD

463,596

20,473

LME

Aluminum

Base

Metal

11

5/2024

USD

636,345

16,888

LME

Aluminum

Base

Metal

15

5/2024

USD

870,555

40,062

LME

Aluminum

Base

Metal

26

5/2024

USD

1,506,063

61,347

LME

Copper

Base

Metal

1

5/2024

USD

220,664

10,102

LME

Copper

Base

Metal

1

5/2024

USD

220,611

15,352

LME

Copper

Base

Metal

2

5/2024

USD

441,327

28,272

LME

Copper

Base

Metal

3

5/2024

USD

661,447

33,051

LME

Copper

Base

Metal

4

5/2024

USD

883,369

29,709

LME

Copper

Base

Metal

4

5/2024

USD

880,792

28,281

LME

Copper

Base

Metal

5

5/2024

USD

1,105,239

46,776

LME

Copper

Base

Metal

8

5/2024

USD

1,766,368

53,143

LME

Copper

Base

Metal

10

5/2024

USD

2,207,710

67,906

LME

Lead

Base

Metal

1

5/2024

USD

51,164

(689)

LME

Lead

Base

Metal

2

5/2024

USD

102,267

(2,571)

LME

Lead

Base

Metal

2

5/2024

USD

102,221

(474)

LME

Lead

Base

Metal

2

5/2024

USD

102,307

(1,798)

LME

Lead

Base

Metal

3

5/2024

USD

153,521

(1,062)

LME

Lead

Base

Metal

3

5/2024

USD

153,157

149

LME

Lead

Base

Metal

6

5/2024

USD

306,138

(12,228)

LME

Nickel

Base

Metal

1

5/2024

USD

100,298

(6,035)

LME

Nickel

Base

Metal

1

5/2024

USD

100,148

(4,682)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

113

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Nickel

Base

Metal

3

5/2024

USD

$

299,919

$

3,259

LME

Nickel

Base

Metal

3

5/2024

USD

300,351

(883)

LME

Nickel

Base

Metal

3

5/2024

USD

300,369

(9,642)

LME

Nickel

Base

Metal

3

5/2024

USD

299,887

4,888

LME

Nickel

Base

Metal

3

5/2024

USD

299,991

5,262

LME

Nickel

Base

Metal

4

5/2024

USD

399,204

10,255

LME

Nickel

Base

Metal

6

5/2024

USD

601,644

(22,544)

LME

Zinc

Base

Metal

1

5/2024

USD

60,630

(173)

LME

Zinc

Base

Metal

4

5/2024

USD

241,927

8,615

LME

Zinc

Base

Metal

5

5/2024

USD

302,498

13,902

LME

Zinc

Base

Metal

5

5/2024

USD

302,586

10,578

LME

Zinc

Base

Metal

5

5/2024

USD

302,053

12,788

LME

Zinc

Base

Metal

5

5/2024

USD

301,429

(7,086)

LME

Zinc

Base

Metal

5

5/2024

USD

302,399

11,159

LME

Zinc

Base

Metal

6

5/2024

USD

362,355

3,537

LME

Zinc

Base

Metal

7

5/2024

USD

423,892

3,921

LME

Zinc

Base

Metal

8

5/2024

USD

484,942

(644)

LME

Zinc

Base

Metal

9

5/2024

USD

542,450

(17,945)

LME

Zinc

Base

Metal

9

5/2024

USD

545,164

4,687

LME

Zinc

Base

Metal

12

5/2024

USD

726,777

7,593

LME

Zinc

Base

Metal

13

5/2024

USD

784,872

(807)

Low

Sulphur

Gasoil

28

5/2024

USD

2,262,400

20,052

Silver

7

5/2024

USD

872,060

(3,472)

Soybean

Meal

29

5/2024

USD

979,330

(2,716)

Australia

10

Year

Bond

150

6/2024

AUD

11,377,444

(4,190)

Euro

STOXX

50

Index

75

6/2024

EUR

4,082,099

14,572

Euro-Bobl

154

6/2024

EUR

19,634,768

86,970

FTSE

100

Index

72

6/2024

GBP

7,259,079

198,397

FTSE/MIB

Index

73

6/2024

EUR

13,471,616

409,959

KOSPI

200

Index

113

6/2024

KRW

7,883,770

131,436

Lean

Hogs

5

6/2024

USD

202,900

114

Live

Cattle

4

6/2024

USD

288,400

(7,041)

LME

Aluminum

Base

Metal

3

6/2024

USD

174,911

5,326

LME

Aluminum

Base

Metal

3

6/2024

USD

174,723

5,682

LME

Aluminum

Base

Metal

3

6/2024

USD

174,986

4,849

LME

Aluminum

Base

Metal

4

6/2024

USD

232,855

9,539

LME

Aluminum

Base

Metal

7

6/2024

USD

408,975

3,971

LME

Aluminum

Base

Metal

11

6/2024

USD

641,993

15,170

LME

Aluminum

Base

Metal

11

6/2024

USD

642,675

14,107

LME

Aluminum

Base

Metal

20

6/2024

USD

1,168,320

8,789

LME

Aluminum

Base

Metal

20

6/2024

USD

1,168,410

10,454

LME

Aluminum

Base

Metal

37

6/2024

USD

2,159,311

33,909

LME

Aluminum

Base

Metal

123

6/2024

USD

7,179,018

124,949

LME

Copper

Base

Metal

1

6/2024

USD

221,675

437

LME

Copper

Base

Metal

1

6/2024

USD

221,239

5,358

LME

Copper

Base

Metal

1

6/2024

USD

221,483

(3,855)

LME

Copper

Base

Metal

1

6/2024

USD

221,508

(4,170)

LME

Copper

Base

Metal

2

6/2024

USD

443,275

1,520

LME

Copper

Base

Metal

3

6/2024

USD

664,430

(4,928)

LME

Copper

Base

Metal

6

6/2024

USD

1,329,536

(505)

LME

Copper

Base

Metal

9

6/2024

USD

1,994,513

(3,075)

LME

Copper

Base

Metal

10

6/2024

USD

2,214,965

(9,759)

LME

Lead

Base

Metal

1

6/2024

USD

51,276

(1,120)

LME

Lead

Base

Metal

1

6/2024

USD

51,288

(279)

LME

Lead

Base

Metal

2

6/2024

USD

102,651

1,071

LME

Lead

Base

Metal

2

6/2024

USD

102,576

(1,053)

114

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Lead

Base

Metal

4

6/2024

USD

$

205,402

$

2,741

LME

Lead

Base

Metal

4

6/2024

USD

205,475

5,064

LME

Lead

Base

Metal

5

6/2024

USD

256,875

6,424

LME

Lead

Base

Metal

24

6/2024

USD

1,231,512

(10,321)

LME

Nickel

Base

Metal

1

6/2024

USD

100,400

(6,492)

LME

Nickel

Base

Metal

2

6/2024

USD

200,932

(4,121)

LME

Nickel

Base

Metal

7

6/2024

USD

703,327

(280)

LME

Nickel

Base

Metal

9

6/2024

USD

903,977

(12,105)

LME

Nickel

Base

Metal

9

6/2024

USD

904,362

9,555

LME

Nickel

Base

Metal

21

6/2024

USD

2,108,997

(83,052)

LME

Zinc

Base

Metal

1

6/2024

USD

60,831

(3,253)

LME

Zinc

Base

Metal

2

6/2024

USD

121,416

(1,558)

LME

Zinc

Base

Metal

4

6/2024

USD

243,232

(12,866)

LME

Zinc

Base

Metal

6

6/2024

USD

365,313

(10,768)

LME

Zinc

Base

Metal

10

6/2024

USD

609,563

(12,762)

LME

Zinc

Base

Metal

23

6/2024

USD

1,400,654

(40,295)

LME

Zinc

Base

Metal

54

6/2024

USD

3,287,480

(103,016)

Long

Gilt

75

6/2024

GBP

9,445,300

144,004

MSCI

EAFE

E-Mini

Index

10

6/2024

USD

1,178,550

11,827

MSCI

Emerging

Markets

E-Mini

Index

28

6/2024

USD

1,468,600

(2,184)

NASDAQ

100

E-Mini

Index

6

6/2024

USD

2,217,000

17,846

NASDAQ

100

E-Mini

Index

7

6/2024

USD

2,586,500

(12,966)

Nikkei

225

Index

5

6/2024

JPY

1,328,775

16,429

Russell

2000

E-Mini

Index

54

6/2024

USD

5,793,930

127,081

S&P

Midcap

400

E-Mini

Index

15

6/2024

USD

4,616,100

143,560

TOPIX

Index

110

6/2024

JPY

19,979,191

473,515

Aluminum

5

7/2024

USD

290,938

6,469

Cocoa

1

7/2024

USD

93,060

(1,648)

Cocoa

2

7/2024

GBP

195,002

2,747

3

Month

SARON

5

12/2024

CHF

1,371,071

983

3

Month

SONIA

3

12/2024

GBP

902,311

349

3

Month

SARON

4

3/2025

CHF

1,098,243

811

3

Month

SARON

4

6/2025

CHF

1,098,686

222

3

Month

SARON

3

9/2025

CHF

823,931

(235)

Total

of

long

contracts

4,243,493

Short

Contracts

FTSE

Bursa

Malaysia

KLCI

Index

(35)

4/2024

MYR

(566,818)

1,014

IFSC

NIFTY

50

Index

(89)

4/2024

USD

(4,001,707)

(38,758)

LME

Aluminum

Base

Metal

(1)

4/2024

USD

(57,477)

(1,266)

LME

Aluminum

Base

Metal

(1)

4/2024

USD

(57,673)

(2,913)

LME

Aluminum

Base

Metal

(1)

4/2024

USD

(57,397)

(275)

LME

Aluminum

Base

Metal

(1)

4/2024

USD

(57,692)

(3,720)

LME

Aluminum

Base

Metal

(1)

4/2024

USD

(57,673)

(3,517)

LME

Aluminum

Base

Metal

(1)

4/2024

USD

(57,497)

(1,363)

LME

Aluminum

Base

Metal

(2)

4/2024

USD

(115,346)

(6,676)

LME

Aluminum

Base

Metal

(2)

4/2024

USD

(115,124)

(4,079)

LME

Aluminum

Base

Metal

(7)

4/2024

USD

(402,621)

(10,247)

LME

Aluminum

Base

Metal

(10)

4/2024

USD

(578,308)

(9,812)

LME

Aluminum

Base

Metal

(11)

4/2024

USD

(635,932)

(15,899)

LME

Aluminum

Base

Metal

(12)

4/2024

USD

(692,799)

(22,860)

LME

Aluminum

Base

Metal

(13)

4/2024

USD

(750,399)

(17,075)

LME

Aluminum

Base

Metal

(14)

4/2024

USD

(808,406)

(20,925)

LME

Aluminum

Base

Metal

(18)

4/2024

USD

(1,035,711)

(27,045)

LME

Copper

Base

Metal

(1)

4/2024

USD

(219,752)

(10,885)

LME

Copper

Base

Metal

(1)

4/2024

USD

(219,696)

(12,198)

LME

Copper

Base

Metal

(1)

4/2024

USD

(220,162)

(4,011)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

115

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Copper

Base

Metal

(1)

4/2024

USD

$

(220,127)

$

(7,717)

LME

Copper

Base

Metal

(2)

4/2024

USD

(438,413)

(14,387)

LME

Copper

Base

Metal

(2)

4/2024

USD

(439,754)

(23,106)

LME

Copper

Base

Metal

(2)

4/2024

USD

(439,969)

(10,544)

LME

Copper

Base

Metal

(4)

4/2024

USD

(879,794)

(23,782)

LME

Copper

Base

Metal

(5)

4/2024

USD

(1,097,568)

(49,233)

LME

Copper

Base

Metal

(6)

4/2024

USD

(1,315,465)

(47,111)

LME

Copper

Base

Metal

(8)

4/2024

USD

(1,755,468)

(81,147)

LME

Copper

Base

Metal

(9)

4/2024

USD

(1,974,220)

(82,415)

LME

Copper

Base

Metal

(10)

4/2024

USD

(2,193,958)

(94,289)

LME

Copper

Base

Metal

(10)

4/2024

USD

(2,194,735)

(92,017)

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,705)

1,017

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,817)

3,390

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,687)

910

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,634)

771

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,736)

2,037

LME

Lead

Base

Metal

(4)

4/2024

USD

(202,892)

5,997

LME

Lead

Base

Metal

(5)

4/2024

USD

(254,016)

8,882

LME

Lead

Base

Metal

(5)

4/2024

USD

(254,469)

16,393

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,420)

(3,663)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,414)

(1,862)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,660)

(4,023)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,515)

(1,616)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,501)

(962)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,488)

(1,961)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,723)

766

LME

Nickel

Base

Metal

(2)

4/2024

USD

(199,227)

(4,845)

LME

Nickel

Base

Metal

(2)

4/2024

USD

(199,571)

(3,077)

LME

Nickel

Base

Metal

(2)

4/2024

USD

(199,414)

320

LME

Nickel

Base

Metal

(2)

4/2024

USD

(199,383)

(2,043)

LME

Nickel

Base

Metal

(2)

4/2024

USD

(198,921)

(5,187)

LME

Nickel

Base

Metal

(3)

4/2024

USD

(298,746)

(9,691)

LME

Nickel

Base

Metal

(3)

4/2024

USD

(298,793)

(8,913)

LME

Zinc

Base

Metal

(1)

4/2024

USD

(60,198)

4,856

LME

Zinc

Base

Metal

(1)

4/2024

USD

(59,867)

3,980

LME

Zinc

Base

Metal

(1)

4/2024

USD

(60,161)

1,293

LME

Zinc

Base

Metal

(2)

4/2024

USD

(120,216)

2,129

LME

Zinc

Base

Metal

(2)

4/2024

USD

(119,981)

6,132

LME

Zinc

Base

Metal

(3)

4/2024

USD

(180,276)

6,325

LME

Zinc

Base

Metal

(3)

4/2024

USD

(179,654)

10,875

LME

Zinc

Base

Metal

(3)

4/2024

USD

(180,736)

11,489

LME

Zinc

Base

Metal

(3)

4/2024

USD

(180,024)

8,442

LME

Zinc

Base

Metal

(4)

4/2024

USD

(239,750)

10,764

LME

Zinc

Base

Metal

(4)

4/2024

USD

(239,820)

12,318

LME

Zinc

Base

Metal

(4)

4/2024

USD

(240,493)

6,220

LME

Zinc

Base

Metal

(5)

4/2024

USD

(299,864)

15,589

LME

Zinc

Base

Metal

(8)

4/2024

USD

(482,070)

27,973

MSCI

Singapore

Index

(180)

4/2024

SGD

(3,877,282)

3,464

Natural

Gas

(142)

4/2024

USD

(2,503,460)

67,145

NY

Harbor

ULSD

(65)

4/2024

USD

(7,159,971)

23,765

OMXS30

Index

(232)

4/2024

SEK

(5,471,637)

(64,848)

Sugar

No.

11

(5)

4/2024

USD

(126,112)

(3,650)

WTI

Crude

Oil

(191)

4/2024

USD

(15,885,470)

(313,631)

KC

HRW

Wheat

(19)

5/2024

USD

(555,988)

(4,029)

LME

Aluminum

Base

Metal

(1)

5/2024

USD

(58,025)

(2,152)

LME

Aluminum

Base

Metal

(3)

5/2024

USD

(174,074)

(7,119)

116

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Aluminum

Base

Metal

(6)

5/2024

USD

$

(348,072)

$

(15,825)

LME

Aluminum

Base

Metal

(7)

5/2024

USD

(405,078)

(14,324)

LME

Aluminum

Base

Metal

(8)

5/2024

USD

(464,834)

(27,337)

LME

Aluminum

Base

Metal

(8)

5/2024

USD

(463,596)

(20,468)

LME

Aluminum

Base

Metal

(8)

5/2024

USD

(463,496)

(15,720)

LME

Aluminum

Base

Metal

(8)

5/2024

USD

(464,246)

(15,304)

LME

Aluminum

Base

Metal

(8)

5/2024

USD

(463,996)

(21,770)

LME

Aluminum

Base

Metal

(11)

5/2024

USD

(636,345)

(16,862)

LME

Aluminum

Base

Metal

(15)

5/2024

USD

(870,555)

(43,021)

LME

Aluminum

Base

Metal

(26)

5/2024

USD

(1,506,063)

(64,905)

LME

Copper

Base

Metal

(1)

5/2024

USD

(220,664)

(11,010)

LME

Copper

Base

Metal

(1)

5/2024

USD

(220,611)

(15,802)

LME

Copper

Base

Metal

(2)

5/2024

USD

(441,327)

(29,682)

LME

Copper

Base

Metal

(3)

5/2024

USD

(661,447)

(32,487)

LME

Copper

Base

Metal

(4)

5/2024

USD

(880,792)

(27,509)

LME

Copper

Base

Metal

(4)

5/2024

USD

(883,369)

(29,580)

LME

Copper

Base

Metal

(5)

5/2024

USD

(1,105,239)

(47,027)

LME

Copper

Base

Metal

(8)

5/2024

USD

(1,766,368)

(55,342)

LME

Copper

Base

Metal

(10)

5/2024

USD

(2,207,710)

(68,176)

LME

Lead

Base

Metal

(1)

5/2024

USD

(51,164)

774

LME

Lead

Base

Metal

(2)

5/2024

USD

(102,307)

1,813

LME

Lead

Base

Metal

(2)

5/2024

USD

(102,221)

(144)

LME

Lead

Base

Metal

(2)

5/2024

USD

(102,267)

2,478

LME

Lead

Base

Metal

(3)

5/2024

USD

(153,157)

(561)

LME

Lead

Base

Metal

(3)

5/2024

USD

(153,521)

1,525

LME

Lead

Base

Metal

(6)

5/2024

USD

(306,138)

12,433

LME

Nickel

Base

Metal

(1)

5/2024

USD

(100,148)

4,849

LME

Nickel

Base

Metal

(1)

5/2024

USD

(100,298)

6,019

LME

Nickel

Base

Metal

(3)

5/2024

USD

(299,991)

(6,420)

LME

Nickel

Base

Metal

(3)

5/2024

USD

(299,887)

(6,187)

LME

Nickel

Base

Metal

(3)

5/2024

USD

(300,351)

(120)

LME

Nickel

Base

Metal

(3)

5/2024

USD

(299,919)

(3,108)

LME

Nickel

Base

Metal

(3)

5/2024

USD

(300,369)

8,934

LME

Nickel

Base

Metal

(4)

5/2024

USD

(399,204)

(10,656)

LME

Nickel

Base

Metal

(6)

5/2024

USD

(601,644)

21,379

LME

Zinc

Base

Metal

(1)

5/2024

USD

(60,630)

(102)

LME

Zinc

Base

Metal

(4)

5/2024

USD

(241,927)

(10,489)

LME

Zinc

Base

Metal

(5)

5/2024

USD

(302,399)

(5,737)

LME

Zinc

Base

Metal

(5)

5/2024

USD

(302,053)

(12,688)

LME

Zinc

Base

Metal

(5)

5/2024

USD

(302,586)

(9,460)

LME

Zinc

Base

Metal

(5)

5/2024

USD

(301,429)

5,849

LME

Zinc

Base

Metal

(5)

5/2024

USD

(302,498)

(13,476)

LME

Zinc

Base

Metal

(6)

5/2024

USD

(362,355)

(7,784)

LME

Zinc

Base

Metal

(7)

5/2024

USD

(423,892)

(3,952)

LME

Zinc

Base

Metal

(8)

5/2024

USD

(484,942)

444

LME

Zinc

Base

Metal

(9)

5/2024

USD

(545,164)

(7,276)

LME

Zinc

Base

Metal

(9)

5/2024

USD

(542,450)

15,973

LME

Zinc

Base

Metal

(12)

5/2024

USD

(726,777)

(7,367)

LME

Zinc

Base

Metal

(13)

5/2024

USD

(784,872)

1,468

SGX

Iron

Ore

(75)

5/2024

USD

(757,800)

(3,167)

Soybean

(239)

5/2024

USD

(14,238,425)

4,606

Soybean

Oil

(106)

5/2024

USD

(3,049,620)

(7,966)

Wheat

(134)

5/2024

USD

(3,753,675)

(103,850)

100

oz

Gold

(31)

6/2024

USD

(6,939,040)

(139,510)

Australia

3

Year

Bond

(12)

6/2024

AUD

(835,588)

(1,212)

Canada

10

Year

Bond

(169)

6/2024

CAD

(14,994,219)

(59,099)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

117

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

DAX

Index

(31)

6/2024

EUR

$

(15,698,778)

$

(471,832)

DJIA

CBOT

E-Mini

Index

(23)

6/2024

USD

(4,620,240)

(94,490)

Euro-BTP

(5)

6/2024

EUR

(640,891)

1,292

Euro-Bund

(41)

6/2024

EUR

(5,894,027)

(65,456)

Euro-Buxl

(2)

6/2024

EUR

(292,368)

(6,590)

Euro-OAT

(7)

6/2024

EUR

(966,876)

(3,417)

Euro-Schatz

(23)

6/2024

EUR

(2,622,172)

2,982

FTSE/JSE

Top

40

Index

(66)

6/2024

ZAR

(2,401,891)

(55,001)

Japan

10

Year

Bond

(4)

6/2024

JPY

(3,852,292)

(14,712)

LME

Aluminum

Base

Metal

(3)

6/2024

USD

(174,986)

(4,669)

LME

Aluminum

Base

Metal

(3)

6/2024

USD

(174,723)

(6,082)

LME

Aluminum

Base

Metal

(3)

6/2024

USD

(174,911)

(5,319)

LME

Aluminum

Base

Metal

(4)

6/2024

USD

(232,855)

(9,967)

LME

Aluminum

Base

Metal

(7)

6/2024

USD

(408,975)

(6,633)

LME

Aluminum

Base

Metal

(11)

6/2024

USD

(641,993)

(15,701)

LME

Aluminum

Base

Metal

(11)

6/2024

USD

(642,675)

(14,608)

LME

Aluminum

Base

Metal

(20)

6/2024

USD

(1,168,410)

(5,132)

LME

Aluminum

Base

Metal

(20)

6/2024

USD

(1,168,320)

(12,189)

LME

Aluminum

Base

Metal

(29)

6/2024

USD

(1,692,614)

(93,207)

LME

Aluminum

Base

Metal

(37)

6/2024

USD

(2,159,311)

(38,800)

LME

Copper

Base

Metal

(1)

6/2024

USD

(221,675)

(586)

LME

Copper

Base

Metal

(1)

6/2024

USD

(221,508)

3,740

LME

Copper

Base

Metal

(1)

6/2024

USD

(221,239)

(5,441)

LME

Copper

Base

Metal

(2)

6/2024

USD

(443,275)

(2,332)

LME

Copper

Base

Metal

(3)

6/2024

USD

(664,430)

4,687

LME

Copper

Base

Metal

(6)

6/2024

USD

(1,329,536)

1,257

LME

Copper

Base

Metal

(9)

6/2024

USD

(1,994,513)

(632)

LME

Copper

Base

Metal

(10)

6/2024

USD

(2,214,965)

7,137

LME

Copper

Base

Metal

(81)

6/2024

USD

(17,940,103)

(386,979)

LME

Lead

Base

Metal

(1)

6/2024

USD

(51,288)

259

LME

Lead

Base

Metal

(1)

6/2024

USD

(51,276)

972

LME

Lead

Base

Metal

(2)

6/2024

USD

(102,651)

(1,090)

LME

Lead

Base

Metal

(2)

6/2024

USD

(102,576)

1,569

LME

Lead

Base

Metal

(4)

6/2024

USD

(205,402)

(2,948)

LME

Lead

Base

Metal

(4)

6/2024

USD

(205,475)

(4,897)

LME

Lead

Base

Metal

(5)

6/2024

USD

(256,875)

(4,895)

LME

Lead

Base

Metal

(15)

6/2024

USD

(769,695)

(15,859)

LME

Nickel

Base

Metal

(1)

6/2024

USD

(100,400)

7,297

LME

Nickel

Base

Metal

(2)

6/2024

USD

(200,932)

3,999

LME

Nickel

Base

Metal

(7)

6/2024

USD

(703,327)

2,159

LME

Nickel

Base

Metal

(9)

6/2024

USD

(904,362)

(9,212)

LME

Nickel

Base

Metal

(21)

6/2024

USD

(2,108,997)

80,050

LME

Nickel

Base

Metal

(37)

6/2024

USD

(3,716,351)

100,792

LME

Zinc

Base

Metal

(1)

6/2024

USD

(60,831)

3,667

LME

Zinc

Base

Metal

(2)

6/2024

USD

(121,416)

1,953

LME

Zinc

Base

Metal

(4)

6/2024

USD

(243,232)

15,107

LME

Zinc

Base

Metal

(6)

6/2024

USD

(365,313)

9,604

LME

Zinc

Base

Metal

(10)

6/2024

USD

(609,563)

9,767

LME

Zinc

Base

Metal

(23)

6/2024

USD

(1,400,223)

16,058

LME

Zinc

Base

Metal

(23)

6/2024

USD

(1,400,654)

45,627

MEX

BOLSA

Index

(9)

6/2024

MXN

(314,693)

(12,721)

Palladium

(3)

6/2024

USD

(306,450)

(14,058)

S&P

500

E-Mini

Index

(83)

6/2024

USD

(22,030,275)

(271,881)

S&P

Midcap

400

E-Mini

Index

(1)

6/2024

USD

(307,740)

(8,927)

S&P/TSX

60

Index

(22)

6/2024

CAD

(4,357,285)

(67,033)

SET50

Index

(335)

6/2024

THB

(1,530,143)

9,506

118

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

SPI

200

Index

(140)

6/2024

AUD

$

(18,134,442)

$

(447,351)

U.S.

Treasury

10

Year

Note

(108)

6/2024

USD

(11,957,625)

(29,638)

U.S.

Treasury

2

Year

Note

(250)

6/2024

USD

(51,111,328)

11,102

U.S.

Treasury

5

Year

Note

(263)

6/2024

USD

(28,130,727)

(48,527)

U.S.

Treasury

Long

Bond

(17)

6/2024

USD

(2,044,781)

(24,623)

U.S.

Treasury

Ultra

Bond

(10)

6/2024

USD

(1,287,188)

(26,372)

Platinum

(16)

7/2024

USD

(736,880)

(3,224)

3

Month

Euro

Euribor

(10)

9/2024

EUR

(2,607,580)

207

90-Day

Australian

Bank

Bill

(12)

9/2024

AUD

(7,740,591)

245

3

Month

CORRA

(29)

12/2024

CAD

(5,110,138)

6,255

3

Month

Euro

Euribor

(9)

12/2024

EUR

(2,353,741)

858

3

Month

SOFR

(21)

12/2024

USD

(4,993,800)

13,625

90-Day

Australian

Bank

Bill

(9)

12/2024

AUD

(5,807,712)

(94)

90-Day

New

Zealand

Bill

(1)

12/2024

NZD

(590,289)

(3)

Platinum

(5)

2/2025

JPY

(72,665)

(789)

3

Month

CORRA

(18)

3/2025

CAD

(3,181,278)

4,013

3

Month

Euro

Euribor

(9)

3/2025

EUR

(2,359,566)

986

3

Month

SOFR

(19)

3/2025

USD

(4,532,213)

15,153

3

Month

SONIA

(2)

3/2025

GBP

(603,402)

(755)

90-Day

Australian

Bank

Bill

(14)

3/2025

AUD

(9,037,528)

(873)

90-Day

New

Zealand

Bill

(2)

3/2025

NZD

(1,181,470)

(200)

3

Month

CORRA

(19)

6/2025

CAD

(3,366,607)

6,798

3

Month

Euro

Euribor

(8)

6/2025

EUR

(2,101,492)

319

3

Month

SOFR

(18)

6/2025

USD

(4,305,825)

10,873

3

Month

SONIA

(1)

6/2025

GBP

(302,506)

(551)

90-Day

Australian

Bank

Bill

(9)

6/2025

AUD

(5,811,401)

(1,135)

3

Month

CORRA

(18)

9/2025

CAD

(3,195,895)

5,651

3

Month

Euro

Euribor

(6)

9/2025

EUR

(1,578,223)

242

3

Month

SOFR

(13)

9/2025

USD

(3,117,400)

9,434

3

Month

SONIA

(2)

9/2025

GBP

(606,274)

(1,193)

3

Month

Euro

Euribor

(5)

12/2025

EUR

(1,316,332)

(644)

3

Month

SOFR

(13)

12/2025

USD

(3,123,413)

7,105

3

Month

SONIA

(2)

12/2025

GBP

(607,252)

(1,199)

3

Month

Euro

Euribor

(4)

3/2026

EUR

(1,053,605)

(671)

3

Month

SOFR

(13)

3/2026

USD

(3,127,475)

5,868

3

Month

SONIA

(2)

3/2026

GBP

(607,946)

(1,325)

3

Month

SOFR

(13)

6/2026

USD

(3,130,075)

2,830

3

Month

SONIA

(1)

6/2026

GBP

(304,210)

(729)

Total

of

short

contracts

(3,714,373)

Net

value

$

529,120

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

6,677,853

USD

4,357,894

CITI

6/20/2024

$

3,501

AUD

6,677,856

USD

4,357,874

JPMC

6/20/2024

3,523

CAD

3,218,547

USD

2,372,644

CITI

6/20/2024

6,196

CAD

3,218,548

USD

2,372,633

JPMC

6/20/2024

6,208

COP

12,336,272,500

USD

3,085,787

CITI

**

6/20/2024

63,849

COP

12,336,272,500

USD

3,085,772

JPMC

**

6/20/2024

63,864

EUR

171,500

USD

185,524

CITI

6/20/2024

99

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

119

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

EUR

171,500

USD

185,523

JPMC

6/20/2024

$

100

HUF

300,337,563

USD

818,200

CITI

6/20/2024

897

HUF

300,337,563

USD

818,196

JPMC

6/20/2024

901

JPY

115,000,001

USD

767,527

CITI

6/20/2024

1,534

JPY

114,999,999

USD

767,523

JPMC

6/20/2024

1,538

KRW

50,002,500

USD

37,177

CITI

**

6/20/2024

32

KRW

50,002,500

USD

37,177

JPMC

**

6/20/2024

32

MXN

137,928,493

USD

7,988,070

CITI

6/20/2024

204,570

MXN

137,928,484

USD

7,988,030

JPMC

6/20/2024

204,610

PEN

660,500

USD

175,045

CITI

**

6/20/2024

2,259

PEN

660,500

USD

175,044

JPMC

**

6/20/2024

2,260

PLN

2,744,236

USD

685,722

CITI

6/20/2024

732

PLN

2,744,236

USD

685,719

JPMC

6/20/2024

735

TWD

1,125,000

USD

35,251

CITI

**

6/20/2024

37

TWD

1,125,000

USD

35,251

JPMC

**

6/20/2024

37

USD

9,840,928

AUD

14,959,912

CITI

6/20/2024

70,410

USD

9,840,974

AUD

14,959,907

JPMC

6/20/2024

70,458

USD

2,173,429

BRL

10,909,878

CITI

**

6/20/2024

14,555

USD

2,173,440

BRL

10,909,879

JPMC

**

6/20/2024

14,566

USD

6,118,034

CAD

8,241,814

CITI

6/20/2024

26,478

USD

6,118,061

CAD

8,241,810

JPMC

6/20/2024

26,508

USD

19,824,980

CHF

17,326,257

CITI

6/20/2024

441,899

USD

19,825,077

CHF

17,326,256

JPMC

6/20/2024

441,999

USD

4,238,028

CNY

30,341,093

CITI

**

6/20/2024

44,688

USD

4,238,050

CNY

30,341,098

JPMC

**

6/20/2024

44,709

USD

11,410,919

CZK

266,348,000

CITI

6/20/2024

53,622

USD

11,410,976

CZK

266,348,000

JPMC

6/20/2024

53,680

USD

13,429,475

EUR

12,328,620

CITI

6/20/2024

85,594

USD

13,429,446

EUR

12,328,531

JPMC

6/20/2024

85,661

USD

7,451,617

GBP

5,863,739

CITI

6/20/2024

47,576

USD

7,450,831

GBP

5,863,090

JPMC

6/20/2024

47,608

USD

4,137,310

HUF

1,501,874,995

CITI

6/20/2024

41,314

USD

4,137,330

HUF

1,501,875,005

JPMC

6/20/2024

41,333

USD

636,454

IDR

10,000,000,000

CITI

**

6/20/2024

7,824

USD

636,457

IDR

10,000,000,000

JPMC

**

6/20/2024

7,827

USD

2,830,037

ILS

10,176,500

CITI

6/20/2024

52,835

USD

2,830,051

ILS

10,176,500

JPMC

6/20/2024

52,849

USD

2,025,493

INR

168,918,782

CITI

**

6/20/2024

4,740

USD

2,025,506

INR

168,918,782

JPMC

**

6/20/2024

4,753

USD

15,042,169

JPY

2,229,999,999

CITI

6/20/2024

129,071

USD

15,042,244

JPY

2,230,000,002

JPMC

6/20/2024

129,147

USD

2,395,447

KRW

3,162,500,000

CITI

**

6/20/2024

42,076

USD

2,395,622

KRW

3,162,500,002

JPMC

**

6/20/2024

42,251

USD

4,406,726

NOK

46,330,124

CITI

6/20/2024

131,095

USD

4,406,748

NOK

46,330,118

JPMC

6/20/2024

131,117

USD

22,624,422

NZD

37,181,030

CITI

6/20/2024

409,464

USD

22,624,534

NZD

37,181,027

JPMC

6/20/2024

409,578

USD

3,205,771

PHP

179,591,500

CITI

**

6/20/2024

12,024

USD

3,205,787

PHP

179,591,500

JPMC

**

6/20/2024

12,040

USD

3,305,890

PLN

12,998,732

CITI

6/20/2024

54,333

USD

3,305,907

PLN

12,998,734

JPMC

6/20/2024

54,350

USD

12,787,294

SEK

131,962,459

CITI

6/20/2024

418,078

USD

12,787,358

SEK

131,962,460

JPMC

6/20/2024

418,142

USD

13,030,168

SGD

17,415,478

CITI

6/20/2024

85,188

USD

13,030,233

SGD

17,415,478

JPMC

6/20/2024

85,253

USD

2,049,693

THB

72,999,998

CITI

6/20/2024

35,709

USD

2,049,704

THB

73,000,002

JPMC

6/20/2024

35,720

USD

1,225,311

TWD

38,355,000

CITI

**

6/20/2024

22,239

120

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

1,225,318

TWD

38,355,001

JPMC

**

6/20/2024

$

22,245

USD

1,429,963

ZAR

27,125,000

CITI

6/20/2024

7,235

USD

1,429,970

ZAR

27,125,000

JPMC

6/20/2024

7,242

ZAR

15,970,500

USD

826,100

CITI

6/20/2024

11,565

ZAR

15,970,500

USD

826,096

JPMC

6/20/2024

11,569

CLP

2,736,945,714

USD

2,777,241

CITI

**

6/21/2024

10,477

CLP

2,736,945,712

USD

2,777,040

JPMC

**

6/21/2024

10,679

USD

3,418,460

CLP

3,297,061,338

CITI

**

6/21/2024

60,235

USD

3,418,477

CLP

3,297,061,332

JPMC

**

6/21/2024

60,253

Total

unrealized

appreciation

5,209,375

AUD

19,422,358

USD

12,739,029

CITI

6/20/2024

(54,027)

AUD

19,422,353

USD

12,738,962

JPMC

6/20/2024

(53,964)

BRL

35,007,000

USD

6,959,692

CITI

**

6/20/2024

(32,418)

BRL

35,007,001

USD

6,959,177

JPMC

**

6/20/2024

(31,903)

CAD

12,853,562

USD

9,534,317

CITI

6/20/2024

(34,200)

CAD

12,853,559

USD

9,534,268

JPMC

6/20/2024

(34,153)

CHF

2,615,651

USD

3,009,246

CITI

6/20/2024

(83,087)

CHF

2,615,650

USD

3,009,230

JPMC

6/20/2024

(83,072)

CNY

19,862,492

USD

2,773,150

CITI

**

6/20/2024

(28,022)

CNY

19,862,497

USD

2,773,137

JPMC

**

6/20/2024

(28,008)

COP

5,150,000,000

USD

1,322,616

CITI

**

6/20/2024

(7,744)

COP

5,150,000,000

USD

1,322,609

JPMC

**

6/20/2024

(7,737)

CZK

24,500,000

USD

1,059,798

CITI

6/20/2024

(15,098)

CZK

24,500,000

USD

1,059,793

JPMC

6/20/2024

(15,093)

EUR

25,544,134

USD

27,860,786

CITI

6/20/2024

(213,094)

EUR

25,544,046

USD

27,860,551

JPMC

6/20/2024

(212,955)

GBP

5,489,983

USD

6,982,047

CITI

6/20/2024

(49,941)

GBP

5,489,335

USD

6,981,190

JPMC

6/20/2024

(49,901)

HUF

1,664,862,932

USD

4,591,174

CITI

6/20/2024

(50,668)

HUF

1,664,862,942

USD

4,591,151

JPMC

6/20/2024

(50,645)

IDR

733,951,581

USD

46,701

CITI

**

6/20/2024

(563)

IDR

733,951,581

USD

46,696

JPMC

**

6/20/2024

(558)

ILS

135,000

USD

37,458

CITI

6/20/2024

(616)

ILS

135,000

USD

37,458

JPMC

6/20/2024

(616)

INR

1,397,499,000

USD

16,790,859

CITI

**

6/20/2024

(72,760)

INR

1,397,499,000

USD

16,790,775

JPMC

**

6/20/2024

(72,676)

JPY

2,794,970,007

USD

18,849,913

CITI

6/20/2024

(158,584)

JPY

2,794,970,011

USD

18,849,819

JPMC

6/20/2024

(158,490)

KRW

1,322,856,500

USD

996,902

CITI

**

6/20/2024

(12,500)

KRW

1,322,856,503

USD

996,897

JPMC

**

6/20/2024

(12,495)

NOK

177,358,312

USD

16,879,717

CITI

6/20/2024

(511,992)

NOK

177,358,307

USD

16,881,714

JPMC

6/20/2024

(513,991)

NZD

12,021,337

USD

7,360,193

CITI

6/20/2024

(177,673)

NZD

12,021,333

USD

7,360,153

JPMC

6/20/2024

(177,636)

PLN

79,994,289

USD

20,098,934

CITI

6/20/2024

(88,830)

PLN

79,994,291

USD

20,098,834

JPMC

6/20/2024

(88,729)

SEK

73,155,284

USD

7,011,767

CITI

6/20/2024

(154,714)

SEK

73,155,285

USD

7,011,732

JPMC

6/20/2024

(154,679)

SGD

1,241,500

USD

930,974

CITI

6/20/2024

(8,163)

SGD

1,241,500

USD

930,969

JPMC

6/20/2024

(8,159)

THB

31,499,998

USD

884,005

CITI

6/20/2024

(14,957)

THB

31,500,002

USD

884,000

JPMC

6/20/2024

(14,953)

TWD

77,382,501

USD

2,457,617

CITI

**

6/20/2024

(30,379)

TWD

77,382,501

USD

2,457,605

JPMC

**

6/20/2024

(30,366)

USD

10,309,806

AUD

15,799,408

CITI

6/20/2024

(8,999)

USD

10,309,860

AUD

15,799,411

JPMC

6/20/2024

(8,946)

USD

784,719

BRL

3,984,622

CITI

**

6/20/2024

(3,768)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

121

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

784,723

BRL

3,984,622

JPMC

**

6/20/2024

$

(3,765)

USD

928,756

CAD

1,260,544

CITI

6/20/2024

(2,917)

USD

928,763

CAD

1,260,546

JPMC

6/20/2024

(2,912)

USD

2,183,922

CHF

1,961,500

CITI

6/20/2024

(10,430)

USD

2,183,933

CHF

1,961,500

JPMC

6/20/2024

(10,420)

USD

2,153,285

COP

8,550,000,000

CITI

**

6/20/2024

(29,658)

USD

2,153,296

COP

8,550,000,000

JPMC

**

6/20/2024

(29,647)

USD

831,071

CZK

19,500,000

CITI

6/20/2024

(425)

USD

831,075

CZK

19,500,000

JPMC

6/20/2024

(422)

USD

1,214,106

GBP

962,999

CITI

6/20/2024

(1,857)

USD

1,214,114

GBP

963,001

JPMC

6/20/2024

(1,850)

USD

1,726,917

HUF

635,625,000

CITI

6/20/2024

(6,595)

USD

1,726,926

HUF

635,625,000

JPMC

6/20/2024

(6,585)

USD

576,084

ILS

2,113,000

CITI

6/20/2024

(561)

USD

576,087

ILS

2,113,000

JPMC

6/20/2024

(558)

USD

132,550

INR

11,081,218

CITI

**

6/20/2024

(13)

USD

132,551

INR

11,081,218

JPMC

**

6/20/2024

(13)

USD

1,202,741

JPY

180,000,001

CITI

6/20/2024

(1,007)

USD

1,202,747

JPY

179,999,999

JPMC

6/20/2024

(1,001)

USD

4,646,787

MXN

79,865,503

CITI

6/20/2024

(97,042)

USD

4,646,810

MXN

79,865,494

JPMC

6/20/2024

(97,019)

USD

88,729

PHP

5,000,000

CITI

**

6/20/2024

(188)

USD

88,729

PHP

5,000,000

JPMC

**

6/20/2024

(188)

USD

45,063

PLN

180,750

CITI

6/20/2024

(151)

USD

45,063

PLN

180,749

JPMC

6/20/2024

(151)

USD

27,560

THB

1,000,000

CITI

6/20/2024

(28)

USD

27,560

THB

1,000,000

JPMC

6/20/2024

(29)

USD

6,739,278

ZAR

130,375,000

CITI

6/20/2024

(98,994)

USD

6,739,312

ZAR

130,375,000

JPMC

6/20/2024

(98,960)

ZAR

41,000,000

USD

2,177,056

CITI

6/20/2024

(26,573)

ZAR

41,000,000

USD

2,177,045

JPMC

6/20/2024

(26,562)

CLP

4,161,536,284

USD

4,280,607

CITI

**

6/21/2024

(41,869)

CLP

4,161,536,276

USD

4,280,586

JPMC

**

6/21/2024

(41,850)

USD

1,599,215

CLP

1,577,230,292

CITI

**

6/21/2024

(7,274)

USD

1,599,223

CLP

1,577,230,288

JPMC

**

6/21/2024

(7,267)

Total

unrealized

depreciation

(4,277,303)

Net

unrealized

appreciation

$

932,072

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

122

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

Pt

‡

Includes

appreciation/(depreciation)

on

forward

foreign

currency

exchange,

futures

and

swap

contracts.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2024.

(b)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts.

(c)

For

the

period

ended

March

31,

2024,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

(d)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(e)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

INVESTMENTS

SHARES

VALUE

($)

SHORT-TERM

INVESTMENTS

-

89.2%

INVESTMENT

COMPANIES

-

18.1%

BlackRock

Liquidity

Funds

Treasury

Trust

Fund

Portfolio,

5.21%

(1)(a)(b)

7

7

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

5.16%

(1)(a)(b)

10,680,404

10,680,404

Limited

Purpose

Cash

Investment

Fund,

5.33%

(1)(a)(c)

265,369,660

265,263,512

TOTAL

INVESTMENT

COMPANIES

(Cost

$275,872,413)

275,943,923

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

71.1%

U.S.

Treasury

Bills

5.49%,

4/4/2024

(d)

$

135,485,000

135,426,388

5.48%,

4/18/2024

(d)

155,794,000

155,406,749

5.47%,

4/25/2024

(d)

164,337,000

163,761,068

5.47%,

5/2/2024

(d)(e)

157,190,000

156,475,377

5.40%,

5/9/2024

(d)(e)

9,450,000

9,397,442

5.41%,

5/16/2024

(d)(e)

34,949,000

34,720,570

5.37%,

5/23/2024

(d)

800,000

793,934

5.21%,

6/27/2024

(d)

14,294,000

14,113,767

5.18%,

7/5/2024

(d)

6,300,000

6,213,761

5.16%,

7/11/2024

(d)

1,237,000

1,219,144

5.11%,

8/1/2024

(d)

26,000,000

25,544,554

5.18%,

8/8/2024

(d)

62,943,000

61,787,360

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

71.1%

(continued)

5.24%,

9/5/2024

(d)(e)

$

65,389,000

63,929,221

5.23%,

9/12/2024

(d)(e)

76,000,000

74,233,575

5.27%,

9/19/2024

(d)(e)

154,612,000

150,853,061

5.24%,

9/26/2024

(d)

28,731,000

28,003,896

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$1,081,897,905)

1,081,879,867

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$1,357,770,318)

1,357,823,790

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

89.2%

(Cost

$1,357,770,318)

1,357,823,790

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

10.8%

‡

164,321,592

NET

ASSETS

-

100.0%

1,522,145,382

SECURITY

TYPE

VALUE

%

OF

NET

ASSETS

Investment

Companies

$

275,943,923

18.1

%

U.S.

Treasury

Obligations

1,081,879,867

71.1

Total

Investments

In

Securities

At

Value

1,357,823,790

89.2

Other

Assets

in

Excess

of

Liabilities

‡

164,321,592

10.8

Net

Assets

$

1,522,145,382

100.0%

Affiliate

Value

At

12/31/2023

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2024

Shares

Held

At

3/31/2024

Dividend

Income

Capital

Gain

Distributions

SHORT-TERM

INVESTMENTS

-

17.4%

INVESTMENT

COMPANIES

-

17.4%

Limited

Purpose

Cash

Investment

Fund,

5.33%

(1)(a)

(Cost

$265,192,002)

$174,786,719

$1,133,473,902

$(1,043,013,487)

$7,463

$8,915

$265,263,512

265,369,660

$3,119,668

$–

(1)

Level

1

security.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2024.

All

securities

are

Level

2

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(1)

Level

1

security.

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

123

(Continued)

Credit

default

swap

contracts

outstanding

-

sell

protection

as

of

March

31,

2024

:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

RECEIVED

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Crossover

Index

Series

41.V1

5.00

%

Quarterly

6/20/2029

2.97

%

EUR

12,741,000

$

1,291,472

$

(62,200)

$

1,229,272

iTraxx

Europe

Main

Index

Series

41.V1

1.00

Quarterly

6/20/2029

0.54

EUR

33,383,000

811,750

(8,411)

803,339

Markit

CDX

North

America

High

Yield

Index

Series

42.V1

5.00

Quarterly

6/20/2029

3.34

USD

11,761,000

857,052

16,050

873,102

Markit

CDX

North

America

Investment

Grade

Index

Series

42.V1

1.00

Quarterly

6/20/2029

0.51

USD

30,690,000

702,672

(1,748)

700,924

3,662,946

(56,309)

3,606,637

Markit

CDX

North

America

Emerging

Markets

Index

Series

41.V1

1.00

%

Quarterly

6/20/2029

1.68

%

USD

10,954,000

$

(325,488)

$

(6,966)

$

(332,454)

(325,488)

(6,966)

(332,454)

$

3,337,458

$

(63,275)

$

3,274,183

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2024:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.50%

Semi

9/19/2029

CAD

95,900,000

$

312,164

$

164,049

$

476,213

Pay

1D

CORRA

Semi

3.50%

Semi

6/21/2034

CAD

15,700,000

45,975

22,574

68,549

Pay

1D

SARON

Annual

1.00%

Annual

6/17/2026

CHF

82,100,000

(119,794)

120,820

1,026

Pay

1D

SARON

Annual

1.00%

Annual

9/16/2026

CHF

153,200,000

143,741

(24,670)

119,071

Pay

1D

SOFR

Annual

4.00%

Annual

6/20/2029

USD

177,600,000

695,686

–

695,686

Pay

1D

SOFR

Annual

4.00%

Annual

9/19/2029

USD

142,400,000

854,071

340,636

1,194,707

Pay

1D

SONIA

Annual

4.00%

Annual

9/19/2029

GBP

23,000,000

320,576

154,894

475,470

Pay

1D

SONIA

Annual

4.00%

Annual

6/17/2054

GBP

3,100,000

128,341

106,006

234,347

Pay

1D

SONIA

Annual

4.00%

Annual

9/16/2054

GBP

7,300,000

420,623

160,043

580,666

Pay

1D

TONAR

Annual

1.50%

Annual

6/15/2044

JPY

700,000,000

64,571

61,066

125,637

Pay

1D

TONAR

Annual

1.50%

Annual

9/21/2044

JPY

2,172,300,000

267,837

58,050

325,887

Pay

3M

BBR

Qtrly

5.00%

Semi

9/16/2026

NZD

16,500,000

80,288

26,774

107,062

Pay

3M

BBR

Qtrly

5.00%

Semi

6/14/2034

NZD

300,000

3,241

6,200

9,441

Pay

3M

BBR

Qtrly

4.50%

Semi

6/14/2034

NZD

24,100,000

(73,878)

259,479

185,601

Pay

3M

BBR

Qtrly

4.50%

Semi

9/13/2034

NZD

5,800,000

1,552

49,948

51,500

Pay

6M

BBR

Semi

4.00%

Semi

6/07/2029

AUD

32,300,000

26,003

–

26,003

Pay

6M

BBR

Semi

4.50%

Semi

6/07/2029

AUD

31,800,000

84,612

423,062

507,674

Pay

6M

BBR

Semi

4.00%

Semi

9/13/2029

AUD

7,400,000

(25,140)

36,222

11,082

Pay

6M

BBR

Semi

4.50%

Semi

6/08/2034

AUD

24,400,000

162,367

203,980

366,347

Pay

6M

BBR

Semi

5.00%

Semi

6/08/2034

AUD

3,900,000

156,722

5,689

162,411

Pay

6M

BBR

Semi

4.50%

Semi

9/07/2034

AUD

5,600,000

29,759

52,546

82,305

Pay

6M

EURIBOR

Semi

2.50%

Annual

9/16/2054

EUR

1,100,000

36,447

16,722

53,169

Pay

6M

NIBOR

Semi

4.00%

Annual

9/20/2034

NOK

35,200,000

84,403

9,959

94,362

Pay

6M

WIBOR

Semi

5.00%

Annual

6/20/2029

PLN

6,700,000

6,249

3,444

9,693

Receive

1D

CORRA

Semi

3.50%

Semi

6/17/2026

CAD

140,300,000

501,988

401,933

903,921

Receive

1D

CORRA

Semi

4.00%

Semi

6/17/2026

CAD

46,400,000

23,595

–

23,595

Receive

1D

SARON

Annual

1.00%

Annual

9/19/2029

CHF

32,500,000

49,588

(8,271)

41,317

Receive

1D

SARON

Annual

1.00%

Annual

6/21/2034

CHF

11,700,000

311,503

(130,911)

180,592

124

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

1D

SOFR

Annual

4.00%

Annual

6/17/2026

USD

400,300,000

$

(1,137,705)

$

3,781,150

$

2,643,445

Receive

1D

SOFR

Annual

4.00%

Annual

9/16/2026

USD

511,500,000

875,290

591,059

1,466,349

Receive

1D

SONIA

Annual

4.00%

Annual

6/17/2026

GBP

55,800,000

474,600

(192,528)

282,072

Receive

1D

SONIA

Annual

4.00%

Annual

9/16/2026

GBP

135,000,000

544,436

(464,310)

80,126

Receive

1D

SONIA

Annual

3.50%

Annual

9/20/2034

GBP

16,400,000

319,192

(185,470)

133,722

Receive

1D

SORA

Semi

3.00%

Semi

9/16/2026

SGD

20,100,000

(9,746)

10,294

548

Receive

1D

TONAR

Annual

0.50%

Annual

6/20/2029

JPY

560,000,000

18,767

(14,090)

4,677

Receive

1M

TIIE

Monthly

9.00%

Monthly

6/17/2026

MXN

94,400,000

(7,573)

50,948

43,375

Receive

1M

TIIE

Monthly

9.00%

Monthly

9/17/2026

MXN

15,000,000

2,105

(1,253)

852

Receive

1M

TIIE

Monthly

8.50%

Monthly

9/12/2029

MXN

6,000,000

(951)

1,505

554

Receive

3M

BBR

Qtrly

4.00%

Semi

6/13/2029

NZD

18,600,000

79,361

33,422

112,783

Receive

3M

CD_KSDA

Qtrly

3.00%

Qtrly

6/17/2026

KRW

30,900,000,000

133,193

3,678

136,871

Receive

3M

CD_KSDA

Qtrly

3.00%

Qtrly

9/16/2026

KRW

7,700,000,000

23,911

3,404

27,315

Receive

3M

HIBOR

Qtrly

4.00%

Qtrly

9/16/2026

HKD

134,700,000

1,458

3,570

5,028

Receive

3M

JIBAR

Qtrly

8.00%

Qtrly

6/17/2026

ZAR

114,200,000

13,175

(165)

13,010

Receive

3M

JIBAR

Qtrly

8.00%

Qtrly

9/16/2026

ZAR

55,000,000

(3,384)

8,564

5,180

Receive

3M

JIBAR

Qtrly

8.50%

Qtrly

9/19/2029

ZAR

13,000,000

1,552

5,650

7,202

Receive

3M

STIBOR

Qtrly

2.50%

Annual

6/20/2029

SEK

160,800,000

(61,179)

165,225

104,046

Receive

3M

STIBOR

Qtrly

2.50%

Annual

9/19/2029

SEK

49,000,000

11,619

4,525

16,144

Receive

3M

TELBOR

Qtrly

3.50%

Annual

6/17/2026

ILS

11,900,000

(79)

16,109

16,030

Receive

3M

TELBOR

Qtrly

3.50%

Annual

9/16/2026

ILS

29,700,000

23,740

5,241

28,981

Receive

3M

TELBOR

Qtrly

3.50%

Annual

6/20/2029

ILS

1,800,000

3,706

4,223

7,929

Receive

3M

TELBOR

Qtrly

3.50%

Annual

9/20/2029

ILS

9,600,000

27,398

14,203

41,601

Receive

6M

EURIBOR

Semi

2.50%

Annual

6/17/2026

EUR

8,200,000

57,023

19,591

76,614

Receive

6M

NIBOR

Semi

3.50%

Annual

6/17/2026

NOK

38,000,000

27,234

23,605

50,839

Receive

6M

NIBOR

Semi

4.00%

Annual

6/17/2026

NOK

1,141,300,000

75,201

473,873

549,074

Receive

6M

NIBOR

Semi

4.00%

Annual

9/16/2026

NOK

1,149,200,000

465,012

(237,303)

227,709

Receive

6M

NIBOR

Semi

3.50%

Annual

6/21/2034

NOK

101,400,000

51,485

92,415

143,900

Receive

6M

NIBOR

Semi

3.50%

Annual

9/20/2034

NOK

11,000,000

16,546

(4,587)

11,959

Receive

6M

WIBOR

Semi

5.00%

Annual

9/16/2026

PLN

26,200,000

3,491

5,048

8,539

6,621,968

6,737,840

13,359,808

Pay

1D

SARON

Annual

1.00%

Annual

9/20/2034

CHF

14,300,000

(272,054)

47,902

(224,152)

Pay

1D

SOFR

Annual

3.50%

Annual

6/17/2054

USD

3,500,000

(78,433)

23,619

(54,814)

Pay

1D

SOFR

Annual

3.50%

Annual

9/16/2054

USD

18,400,000

(182,929)

(14,485)

(197,414)

Pay

1D

SONIA

Annual

3.50%

Annual

6/21/2034

GBP

5,800,000

(122,801)

51,992

(70,809)

Pay

1D

TONAR

Annual

0.50%

Annual

9/19/2029

JPY

18,153,300,000

(654,848)

282,875

(371,973)

Pay

3M

BBR

Qtrly

4.50%

Semi

6/10/2026

NZD

59,100,000

(162,624)

78,192

(84,432)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2034

NZD

4,100,000

(74,478)

6,794

(67,684)

Pay

3M

STIBOR

Qtrly

3.00%

Annual

6/17/2026

SEK

192,700,000

(8,974)

(6,845)

(15,819)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2034

SEK

41,700,000

(31,901)

(6,611)

(38,512)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2034

SEK

109,000,000

(117,888)

44,941

(72,947)

Pay

6M

BUBOR

Semi

5.00%

Annual

9/16/2026

HUF

1,200,000,000

(25,788)

(53,077)

(78,865)

Pay

6M

BUBOR

Semi

6.00%

Annual

9/19/2029

HUF

346,100,000

(10,136)

(953)

(11,089)

Pay

6M

EURIBOR

Semi

2.50%

Annual

9/19/2029

EUR

37,800,000

(173,216)

142,892

(30,324)

Pay

6M

EURIBOR

Semi

2.50%

Annual

6/21/2034

EUR

15,800,000

(221,165)

143,476

(77,689)

Pay

6M

EURIBOR

Semi

2.50%

Annual

9/20/2034

EUR

15,700,000

(235,839)

207,035

(28,804)

Pay

6M

NIBOR

Semi

3.50%

Annual

6/20/2029

NOK

341,100,000

(117,492)

(351,653)

(469,145)

Pay

6M

PRIBOR

Semi

3.00%

Annual

6/20/2029

CZK

18,700,000

(17,332)

(3,488)

(20,820)

Pay

6M

PRIBOR

Semi

3.00%

Annual

9/19/2029

CZK

11,500,000

(1,701)

(8,836)

(10,537)

Receive

1D

CORRA

Semi

4.00%

Semi

9/16/2026

CAD

345,600,000

(1,064,813)

63,986

(1,000,827)

Receive

1D

CORRA

Semi

3.50%

Semi

6/20/2029

CAD

4,500,000

(10,723)

1,230

(9,493)

Receive

1D

CORRA

Semi

3.50%

Semi

9/20/2034

CAD

21,900,000

(39,838)

(101,948)

(141,786)

Receive

1D

SOFR

Annual

4.00%

Annual

6/21/2034

USD

40,300,000

(662,738)

(20,393)

(683,131)

Receive

1D

SOFR

Annual

4.00%

Annual

9/20/2034

USD

45,100,000

(746,776)

(165,814)

(912,590)

Receive

1D

SONIA

Annual

4.00%

Annual

6/20/2029

GBP

9,300,000

(141,101)

(4,614)

(145,715)

Receive

1D

SORA

Semi

3.00%

Semi

9/19/2029

SGD

8,500,000

(23,180)

5,251

(17,929)

Receive

1D

TONAR

Annual

0.50%

Annual

6/17/2026

JPY

31,442,600,000

(614,290)

(73,587)

(687,877)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

125

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

1D

TONAR

Annual

0.50%

Annual

9/16/2026

JPY

95,144,500,000

$

(1,212,692)

$

(274,752)

$

(1,487,444)

Receive

1D

TONAR

Annual

1.00%

Annual

6/21/2034

JPY

2,186,600,000

(130,528)

(56,507)

(187,035)

Receive

1D

TONAR

Annual

1.00%

Annual

9/20/2034

JPY

4,355,400,000

(142,484)

(133,479)

(275,963)

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/11/2026

AUD

63,000,000

(203,879)

(308,523)

(512,402)

Receive

3M

BBR

Qtrly

4.00%

Qtrly

6/11/2026

AUD

187,600,000

(233,069)

(136,379)

(369,448)

Receive

3M

BBR

Qtrly

4.00%

Qtrly

9/10/2026

AUD

184,000,000

(402,839)

(152,531)

(555,370)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/13/2029

NZD

35,900,000

168,288

(423,733)

(255,445)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/12/2029

NZD

14,400,000

(63,516)

(66,066)

(129,582)

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/16/2026

KRW

48,500,000,000

(168,151)

(2,366)

(170,517)

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/20/2029

KRW

7,791,300,000

(74,861)

10

(74,851)

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/19/2029

KRW

18,238,600,000

(163,431)

(20,771)

(184,202)

Receive

3M

HIBOR

Qtrly

4.00%

Qtrly

9/19/2029

HKD

51,200,000

(51,152)

(8,228)

(59,380)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/16/2026

SEK

1,454,000,000

(357,529)

38,345

(319,184)

Receive

6M

BBR

Semi

4.50%

Semi

6/09/2044

AUD

5,000,000

(46,381)

(21,401)

(67,782)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/17/2026

EUR

12,700,000

(6,259)

474

(5,785)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/16/2026

EUR

238,900,000

(843,418)

(175,646)

(1,019,064)

Receive

6M

EURIBOR

Semi

2.50%

Annual

6/17/2054

EUR

4,600,000

(132,823)

(67,747)

(200,570)

Receive

6M

NIBOR

Semi

4.00%

Annual

9/19/2029

NOK

62,400,000

(24,887)

(36,925)

(61,812)

Receive

6M

PRIBOR

Semi

3.00%

Annual

6/17/2026

CZK

1,800,000

975

(1,027)

(52)

(9,901,694)

(1,559,371)

(11,461,065)

$

(3,279,726)

$

5,178,469

$

1,898,743

Abbreviations:

1D:

1

Day

1M:

1

Month

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

(a)

Floating

rate

indices

at

March

31,

2024

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

5.05%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

5.34%

1

Day

Singapore

Overnight

Rate

Average

(“SORA”):

3.69%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

5.19%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

1.46%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.08%

1

Month

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIE”):

11.25%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.34%

3

Month

Hong

Kong

Interbank

Offered

Rate

(“HIBOR”):

4.72%

3

Month

Johannesburg

Interbank

Agreed

Rate

(“JIBAR”):

8.35%

3

Month

Korean

Certificate

of

Deposit

(“CD_KSDA”):

3.64%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

4.03%

3

Month

Tel

Aviv

Interbank

Offer

Rate

(“TELBOR”):

4.35%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.50%

6

Month

Budapest

Interbank

Offered

Rate

(“BUBOR”):

7.58%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

3.85%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.87%

6

Month

Prague

Interbank

Offered

Rate

(“PRIBOR”):

5.23%

6

Month

Warsaw

Interbank

Offered

Rate

(“WIBOR”):

5.76%

126

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

Total

return

swap

contracts

outstanding

as

of

March

31,

2024

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Amsterdam

Exchange

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MSCS

04/19/2024

EUR

4,063,088

$

82,434

HSCEI

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/29/2024

HKD

13,662,900

4,564

HSCEI

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/29/2024

HKD

125,873,100

80,927

KOSPI

200

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MSCS

06/13/2024

KRW

7,420,075,000

217,289

KOSPI

200

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

06/13/2024

KRW

37,382,150,000

1,050,689

Swiss

Market

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

Monthly

MLIN

06/21/2024

CHF

10,936,900

29,179

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/17/2024

TWD

4,040,400

1,995

Total

unrealized

appreciation

1,467,077

HSCEI

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MSCS

04/29/2024

HKD

290,700

(72)

iBovespa

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MSCS

04/17/2024

BRL

137,809,580

(396,167)

Total

unrealized

depreciation

(396,239)

Net

unrealized

appreciation

$

1,070,838

Futures

contracts

outstanding

as

of

March

31,

2024:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

386

4/2024

USD

$

33,582,000

$

1,425,701

CAC

40

10

Euro

Index

377

4/2024

EUR

33,447,150

383,476

CBOE

Volatility

Index

77

4/2024

USD

1,106,390

(58,566)

HSCEI

61

4/2024

HKD

2,265,610

5,195

IBEX

35

Index

154

4/2024

EUR

18,387,201

1,075,359

IFSC

NIFTY

50

Index

146

4/2024

USD

6,564,598

60,076

LME

Aluminum

Base

Metal

14

4/2024

USD

807,422

49,900

LME

Aluminum

Base

Metal

18

4/2024

USD

1,039,014

29,047

LME

Aluminum

Base

Metal

21

4/2024

USD

1,205,762

17,099

LME

Aluminum

Base

Metal

29

4/2024

USD

1,672,517

87,066

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

127

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Aluminum

Base

Metal

45

4/2024

USD

$

2,598,446

$

57,817

LME

Aluminum

Base

Metal

47

4/2024

USD

2,697,671

10,305

LME

Aluminum

Base

Metal

57

4/2024

USD

3,289,328

151,693

LME

Aluminum

Base

Metal

60

4/2024

USD

3,469,845

49,380

LME

Aluminum

Base

Metal

61

4/2024

USD

3,526,532

88,852

LME

Aluminum

Base

Metal

68

4/2024

USD

3,925,861

131,920

LME

Aluminum

Base

Metal

91

4/2024

USD

5,238,119

187,347

LME

Aluminum

Base

Metal

93

4/2024

USD

5,363,589

308,295

LME

Aluminum

Base

Metal

107

4/2024

USD

6,173,017

395,384

LME

Aluminum

Base

Metal

119

4/2024

USD

6,839,793

158,312

LME

Aluminum

Base

Metal

131

4/2024

USD

7,532,140

179,764

LME

Aluminum

Base

Metal

166

4/2024

USD

9,551,557

244,271

LME

Copper

Base

Metal

2

4/2024

USD

439,897

11,692

LME

Copper

Base

Metal

8

4/2024

USD

1,758,018

84,497

LME

Copper

Base

Metal

8

4/2024

USD

1,757,794

103,773

LME

Copper

Base

Metal

15

4/2024

USD

3,288,664

125,405

LME

Copper

Base

Metal

21

4/2024

USD

4,606,513

199,506

LME

Copper

Base

Metal

31

4/2024

USD

6,823,929

219,296

LME

Copper

Base

Metal

31

4/2024

USD

6,795,402

219,979

LME

Copper

Base

Metal

33

4/2024

USD

7,265,354

132,158

LME

Copper

Base

Metal

36

4/2024

USD

7,915,581

391,936

LME

Copper

Base

Metal

37

4/2024

USD

8,140,731

232,436

LME

Copper

Base

Metal

38

4/2024

USD

8,356,694

379,448

LME

Copper

Base

Metal

45

4/2024

USD

9,876,308

404,558

LME

Copper

Base

Metal

48

4/2024

USD

10,559,244

274,067

LME

Copper

Base

Metal

49

4/2024

USD

10,750,392

458,540

LME

Copper

Base

Metal

59

4/2024

USD

12,962,064

702,955

LME

Copper

Base

Metal

79

4/2024

USD

17,341,567

783,673

LME

Lead

Base

Metal

1

4/2024

USD

50,634

(631)

LME

Lead

Base

Metal

8

4/2024

USD

405,884

(16,653)

LME

Lead

Base

Metal

8

4/2024

USD

406,384

(7,085)

LME

Lead

Base

Metal

9

4/2024

USD

458,044

(29,696)

LME

Lead

Base

Metal

11

4/2024

USD

559,301

(30,329)

LME

Lead

Base

Metal

11

4/2024

USD

559,122

(33,262)

LME

Lead

Base

Metal

11

4/2024

USD

558,228

(16,918)

LME

Lead

Base

Metal

11

4/2024

USD

558,984

(37,585)

LME

Lead

Base

Metal

13

4/2024

USD

660,400

(20,858)

LME

Lead

Base

Metal

14

4/2024

USD

711,186

(9,814)

LME

Nickel

Base

Metal

2

4/2024

USD

198,828

4,132

LME

Nickel

Base

Metal

11

4/2024

USD

1,097,468

6,455

LME

Nickel

Base

Metal

19

4/2024

USD

1,893,546

68,714

LME

Nickel

Base

Metal

20

4/2024

USD

1,991,642

63,777

LME

Nickel

Base

Metal

21

4/2024

USD

2,095,493

32,811

LME

Nickel

Base

Metal

23

4/2024

USD

2,292,547

45,125

LME

Nickel

Base

Metal

25

4/2024

USD

2,493,072

(19,799)

LME

Nickel

Base

Metal

30

4/2024

USD

2,991,217

(5,732)

LME

Nickel

Base

Metal

31

4/2024

USD

3,090,440

50,177

LME

Nickel

Base

Metal

31

4/2024

USD

3,088,015

73,393

LME

Nickel

Base

Metal

35

4/2024

USD

3,481,594

71,929

LME

Nickel

Base

Metal

36

4/2024

USD

3,585,520

105,622

LME

Nickel

Base

Metal

38

4/2024

USD

3,781,555

47,486

LME

Nickel

Base

Metal

40

4/2024

USD

3,980,045

52,925

LME

Tin

Base

Metal

1

4/2024

USD

137,994

5,387

LME

Tin

Base

Metal

1

4/2024

USD

137,765

11,862

LME

Tin

Base

Metal

2

4/2024

USD

275,240

29,605

LME

Tin

Base

Metal

2

4/2024

USD

275,290

28,085

128

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Zinc

Base

Metal

1

4/2024

USD

$

60,008

$

(2,790)

LME

Zinc

Base

Metal

4

4/2024

USD

240,493

(8,119)

LME

Zinc

Base

Metal

35

4/2024

USD

2,098,425

(104,593)

LME

Zinc

Base

Metal

38

4/2024

USD

2,279,630

(110,417)

LME

Zinc

Base

Metal

41

4/2024

USD

2,457,438

(115,586)

LME

Zinc

Base

Metal

43

4/2024

USD

2,575,034

(166,589)

LME

Zinc

Base

Metal

43

4/2024

USD

2,574,281

(165,043)

LME

Zinc

Base

Metal

53

4/2024

USD

3,190,481

(242,073)

LME

Zinc

Base

Metal

60

4/2024

USD

3,609,645

(61,034)

LME

Zinc

Base

Metal

61

4/2024

USD

3,665,612

(150,195)

LME

Zinc

Base

Metal

67

4/2024

USD

4,027,219

(71,287)

NY

Harbor

ULSD

143

4/2024

USD

15,751,936

86,674

RBOB

Gasoline

182

4/2024

USD

20,796,266

1,122,932

SGX

FTSE

China

A50

Index

4,097

4/2024

USD

49,655,640

(123,936)

SGX

FTSE

Taiwan

Index

340

4/2024

USD

23,460,000

31,677

Sugar

No.

11

195

4/2024

USD

4,918,368

144,581

WTI

Crude

Oil

492

4/2024

USD

40,919,640

2,425,536

Cocoa

76

5/2024

USD

7,422,160

3,795,475

Cocoa

125

5/2024

GBP

13,056,942

5,633,649

Coffee

'C'

186

5/2024

USD

13,172,288

131,572

Cotton

No.

2

185

5/2024

USD

8,452,650

(293,313)

Crude

Oil

17

5/2024

USD

1,464,397

96,208

Fcoj-a

6

5/2024

USD

326,925

(7,112)

Feeder

Cattle

32

5/2024

USD

3,979,200

(132,361)

LME

Aluminum

Base

Metal

10

5/2024

USD

580,245

23,965

LME

Aluminum

Base

Metal

52

5/2024

USD

3,015,974

128,361

LME

Aluminum

Base

Metal

55

5/2024

USD

3,190,660

129,267

LME

Aluminum

Base

Metal

64

5/2024

USD

3,702,368

98,259

LME

Aluminum

Base

Metal

71

5/2024

USD

4,113,527

148,905

LME

Aluminum

Base

Metal

73

5/2024

USD

4,235,789

168,103

LME

Aluminum

Base

Metal

73

5/2024

USD

4,230,314

186,817

LME

Aluminum

Base

Metal

83

5/2024

USD

4,816,552

141,055

LME

Aluminum

Base

Metal

144

5/2024

USD

8,357,328

384,768

LME

Aluminum

Base

Metal

204

5/2024

USD

11,816,802

483,764

LME

Aluminum

Base

Metal

299

5/2024

USD

17,373,171

979,914

LME

Copper

Base

Metal

3

5/2024

USD

660,594

21,211

LME

Copper

Base

Metal

6

5/2024

USD

1,323,981

84,817

LME

Copper

Base

Metal

24

5/2024

USD

5,295,924

242,451

LME

Copper

Base

Metal

26

5/2024

USD

5,735,879

399,148

LME

Copper

Base

Metal

36

5/2024

USD

7,948,656

239,145

LME

Copper

Base

Metal

47

5/2024

USD

10,362,666

493,657

LME

Copper

Base

Metal

50

5/2024

USD

11,038,550

339,531

LME

Copper

Base

Metal

120

5/2024

USD

26,525,730

1,100,090

LME

Lead

Base

Metal

2

5/2024

USD

102,221

118

LME

Lead

Base

Metal

2

5/2024

USD

102,304

(1,134)

LME

Lead

Base

Metal

2

5/2024

USD

102,307

(1,798)

LME

Lead

Base

Metal

2

5/2024

USD

102,307

52

LME

Lead

Base

Metal

3

5/2024

USD

153,157

509

LME

Lead

Base

Metal

3

5/2024

USD

153,113

(3,316)

LME

Lead

Base

Metal

4

5/2024

USD

204,534

(3,291)

LME

Lead

Base

Metal

8

5/2024

USD

409,002

6,581

LME

Lead

Base

Metal

10

5/2024

USD

511,635

(6,891)

LME

Lead

Base

Metal

11

5/2024

USD

561,253

(22,721)

LME

Lead

Base

Metal

11

5/2024

USD

560,365

(28,098)

LME

Nickel

Base

Metal

9

5/2024

USD

899,054

27,310

LME

Nickel

Base

Metal

10

5/2024

USD

999,624

16,293

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

129

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Nickel

Base

Metal

10

5/2024

USD

$

999,969

$

17,540

LME

Nickel

Base

Metal

13

5/2024

USD

1,299,648

14,123

LME

Nickel

Base

Metal

15

5/2024

USD

1,501,754

(4,415)

LME

Nickel

Base

Metal

29

5/2024

USD

2,894,231

78,824

LME

Nickel

Base

Metal

32

5/2024

USD

3,203,933

(102,843)

LME

Nickel

Base

Metal

63

5/2024

USD

6,317,257

(241,453)

LME

Zinc

Base

Metal

11

5/2024

USD

666,116

6,371

LME

Zinc

Base

Metal

23

5/2024

USD

1,392,989

14,562

LME

Zinc

Base

Metal

24

5/2024

USD

1,452,414

51,567

LME

Zinc

Base

Metal

25

5/2024

USD

1,511,994

60,944

LME

Zinc

Base

Metal

28

5/2024

USD

1,691,494

71,610

LME

Zinc

Base

Metal

29

5/2024

USD

1,754,486

80,865

LME

Zinc

Base

Metal

30

5/2024

USD

1,811,775

17,685

LME

Zinc

Base

Metal

34

5/2024

USD

2,056,380

73,228

LME

Zinc

Base

Metal

57

5/2024

USD

3,455,212

7,966

LME

Zinc

Base

Metal

75

5/2024

USD

4,528,106

(9,388)

Low

Sulphur

Gasoil

421

5/2024

USD

34,016,800

514,018

Mont

Belvieu

Propane

80

5/2024

USD

2,788,800

199,343

Robusta

Coffee

104

5/2024

USD

3,618,160

291,817

Silver

6

5/2024

USD

747,480

57,079

100

oz

Gold

175

6/2024

USD

39,172,000

834,485

Australia

10

Year

Bond

142

6/2024

AUD

10,770,647

(13,061)

Crude

Oil

32

6/2024

USD

2,725,952

40,955

Crude

Palm

Oil

153

6/2024

MYR

3,342,531

11,374

DJIA

CBOT

E-Mini

Index

63

6/2024

USD

12,655,440

162,891

Euro

STOXX

50

Index

419

6/2024

EUR

22,805,325

676,077

FTSE

100

Index

153

6/2024

GBP

15,425,543

454,085

FTSE/MIB

Index

236

6/2024

EUR

43,552,074

1,260,602

Lean

Hogs

193

6/2024

USD

7,831,940

5,725

Live

Cattle

103

6/2024

USD

7,426,300

(180,141)

LME

Aluminum

Base

Metal

35

6/2024

USD

2,042,705

48,268

LME

Aluminum

Base

Metal

63

6/2024

USD

3,673,121

111,839

LME

Aluminum

Base

Metal

71

6/2024

USD

4,135,111

134,473

LME

Aluminum

Base

Metal

81

6/2024

USD

4,721,571

170,365

LME

Aluminum

Base

Metal

81

6/2024

USD

4,731,696

35,596

LME

Aluminum

Base

Metal

100

6/2024

USD

5,842,500

56,725

LME

Aluminum

Base

Metal

101

6/2024

USD

5,889,916

166,018

LME

Aluminum

Base

Metal

106

6/2024

USD

6,170,658

252,783

LME

Aluminum

Base

Metal

125

6/2024

USD

7,302,563

65,337

LME

Aluminum

Base

Metal

229

6/2024

USD

13,364,383

207,661

LME

Aluminum

Base

Metal

992

6/2024

USD

57,899,072

1,302,500

LME

Copper

Base

Metal

2

6/2024

USD

443,350

1,104

LME

Copper

Base

Metal

13

6/2024

USD

2,875,532

105,159

LME

Copper

Base

Metal

16

6/2024

USD

3,543,944

(31,303)

LME

Copper

Base

Metal

17

6/2024

USD

3,763,668

102,263

LME

Copper

Base

Metal

19

6/2024

USD

4,208,054

(29,932)

LME

Copper

Base

Metal

19

6/2024

USD

4,207,916

56,366

LME

Copper

Base

Metal

28

6/2024

USD

6,202,217

(116,753)

LME

Copper

Base

Metal

29

6/2024

USD

6,415,917

155,387

LME

Copper

Base

Metal

98

6/2024

USD

21,705,310

50,853

LME

Lead

Base

Metal

1

6/2024

USD

51,276

(1,120)

LME

Lead

Base

Metal

3

6/2024

USD

154,106

3,798

LME

Lead

Base

Metal

9

6/2024

USD

461,576

(17,019)

LME

Lead

Base

Metal

10

6/2024

USD

512,545

2,289

LME

Lead

Base

Metal

12

6/2024

USD

615,906

6,427

LME

Lead

Base

Metal

17

6/2024

USD

871,684

(37,749)

130

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Lead

Base

Metal

18

6/2024

USD

$

923,184

$

4,968

LME

Lead

Base

Metal

64

6/2024

USD

3,284,032

(66,680)

LME

Nickel

Base

Metal

15

6/2024

USD

1,506,528

(66,717)

LME

Nickel

Base

Metal

24

6/2024

USD

2,409,598

(155,803)

LME

Nickel

Base

Metal

27

6/2024

USD

2,711,446

(188,273)

LME

Nickel

Base

Metal

28

6/2024

USD

2,813,046

(57,696)

LME

Nickel

Base

Metal

29

6/2024

USD

2,912,990

(289,247)

LME

Nickel

Base

Metal

29

6/2024

USD

2,912,816

(254,337)

LME

Nickel

Base

Metal

37

6/2024

USD

3,715,852

(152,141)

LME

Nickel

Base

Metal

85

6/2024

USD

8,537,563

(726,019)

LME

Zinc

Base

Metal

8

6/2024

USD

486,644

(26,027)

LME

Zinc

Base

Metal

19

6/2024

USD

1,156,825

(34,099)

LME

Zinc

Base

Metal

27

6/2024

USD

1,639,886

(67,173)

LME

Zinc

Base

Metal

50

6/2024

USD

3,047,813

(63,809)

LME

Zinc

Base

Metal

50

6/2024

USD

3,040,400

(160,826)

LME

Zinc

Base

Metal

69

6/2024

USD

4,196,528

(238,913)

LME

Zinc

Base

Metal

69

6/2024

USD

4,194,769

(202,274)

LME

Zinc

Base

Metal

88

6/2024

USD

5,359,024

(151,132)

LME

Zinc

Base

Metal

93

6/2024

USD

5,645,844

(72,448)

LME

Zinc

Base

Metal

353

6/2024

USD

21,490,375

(902,978)

MSCI

EAFE

E-Mini

Index

248

6/2024

USD

29,228,040

325,153

MSCI

Emerging

Markets

E-Mini

Index

706

6/2024

USD

37,029,700

(10,865)

NASDAQ

100

E-Mini

Index

32

6/2024

USD

11,824,000

(53,792)

S&P

500

E-Mini

Index

80

6/2024

USD

21,234,000

307,422

S&P

Midcap

400

E-Mini

Index

52

6/2024

USD

16,002,480

485,802

S&P/TSX

60

Index

140

6/2024

CAD

27,728,175

364,661

SPI

200

Index

13

6/2024

AUD

1,683,912

27,123

TOPIX

Index

67

6/2024

JPY

12,169,144

236,842

Aluminum

17

7/2024

USD

989,188

15,635

Cocoa

19

7/2024

USD

1,768,140

(3,353)

Cocoa

99

7/2024

GBP

9,652,608

135,588

Robusta

Coffee

27

7/2024

USD

916,920

(9,101)

White

Sugar

64

7/2024

USD

2,018,880

8,868

Crude

Oil

207

8/2024

JPY

5,265,933

364,298

90-Day

New

Zealand

Bill

7

9/2024

NZD

4,128,904

325

3

Month

SARON

118

12/2024

CHF

32,357,266

25,660

3

Month

SONIA

64

12/2024

GBP

19,249,302

7,361

3

Month

SARON

97

3/2025

CHF

26,632,381

25,017

3

Month

SARON

101

6/2025

CHF

27,741,822

9,375

3

Month

SARON

71

9/2025

CHF

19,499,709

(3,648)

Total

of

long

contracts

33,361,950

Short

Contracts

EURO

STOXX

50

Volatility

Index

(580)

4/2024

EUR

(885,412)

80,519

Hang

Seng

Index

(161)

4/2024

HKD

(17,042,316)

(24,232)

LME

Aluminum

Base

Metal

(14)

4/2024

USD

(807,422)

(49,237)

LME

Aluminum

Base

Metal

(18)

4/2024

USD

(1,039,014)

(23,643)

LME

Aluminum

Base

Metal

(21)

4/2024

USD

(1,205,762)

(14,083)

LME

Aluminum

Base

Metal

(29)

4/2024

USD

(1,672,517)

(85,054)

LME

Aluminum

Base

Metal

(45)

4/2024

USD

(2,598,446)

(67,263)

LME

Aluminum

Base

Metal

(47)

4/2024

USD

(2,697,671)

(12,934)

LME

Aluminum

Base

Metal

(57)

4/2024

USD

(3,289,328)

(177,654)

LME

Aluminum

Base

Metal

(60)

4/2024

USD

(3,469,845)

(58,874)

LME

Aluminum

Base

Metal

(61)

4/2024

USD

(3,526,532)

(88,041)

LME

Aluminum

Base

Metal

(68)

4/2024

USD

(3,925,861)

(129,658)

LME

Aluminum

Base

Metal

(91)

4/2024

USD

(5,238,119)

(172,197)

LME

Aluminum

Base

Metal

(93)

4/2024

USD

(5,363,589)

(310,429)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

131

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Aluminum

Base

Metal

(107)

4/2024

USD

$

(6,173,017)

$

(398,012)

LME

Aluminum

Base

Metal

(119)

4/2024

USD

(6,839,793)

(150,690)

LME

Aluminum

Base

Metal

(131)

4/2024

USD

(7,532,140)

(178,570)

LME

Aluminum

Base

Metal

(166)

4/2024

USD

(9,551,557)

(260,108)

LME

Copper

Base

Metal

(2)

4/2024

USD

(439,897)

(11,891)

LME

Copper

Base

Metal

(8)

4/2024

USD

(1,758,018)

(87,079)

LME

Copper

Base

Metal

(8)

4/2024

USD

(1,757,794)

(103,294)

LME

Copper

Base

Metal

(15)

4/2024

USD

(3,288,664)

(117,777)

LME

Copper

Base

Metal

(21)

4/2024

USD

(4,606,513)

(192,300)

LME

Copper

Base

Metal

(31)

4/2024

USD

(6,795,402)

(223,002)

LME

Copper

Base

Metal

(31)

4/2024

USD

(6,823,929)

(239,224)

LME

Copper

Base

Metal

(33)

4/2024

USD

(7,265,354)

(139,151)

LME

Copper

Base

Metal

(36)

4/2024

USD

(7,915,581)

(411,593)

LME

Copper

Base

Metal

(37)

4/2024

USD

(8,140,731)

(227,028)

LME

Copper

Base

Metal

(38)

4/2024

USD

(8,356,694)

(392,468)

LME

Copper

Base

Metal

(45)

4/2024

USD

(9,876,308)

(414,071)

LME

Copper

Base

Metal

(48)

4/2024

USD

(10,559,244)

(252,819)

LME

Copper

Base

Metal

(49)

4/2024

USD

(10,750,392)

(462,010)

LME

Copper

Base

Metal

(59)

4/2024

USD

(12,962,064)

(719,689)

LME

Copper

Base

Metal

(79)

4/2024

USD

(17,341,567)

(777,888)

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,634)

913

LME

Lead

Base

Metal

(8)

4/2024

USD

(405,884)

16,295

LME

Lead

Base

Metal

(8)

4/2024

USD

(406,384)

8,645

LME

Lead

Base

Metal

(9)

4/2024

USD

(458,044)

29,958

LME

Lead

Base

Metal

(11)

4/2024

USD

(558,984)

41,862

LME

Lead

Base

Metal

(11)

4/2024

USD

(559,122)

33,062

LME

Lead

Base

Metal

(11)

4/2024

USD

(559,301)

27,796

LME

Lead

Base

Metal

(11)

4/2024

USD

(558,228)

19,793

LME

Lead

Base

Metal

(13)

4/2024

USD

(660,400)

17,841

LME

Lead

Base

Metal

(14)

4/2024

USD

(711,186)

7,240

LME

Nickel

Base

Metal

(2)

4/2024

USD

(198,828)

(3,724)

LME

Nickel

Base

Metal

(11)

4/2024

USD

(1,097,468)

(7,169)

LME

Nickel

Base

Metal

(19)

4/2024

USD

(1,893,546)

(76,443)

LME

Nickel

Base

Metal

(20)

4/2024

USD

(1,991,642)

(65,702)

LME

Nickel

Base

Metal

(21)

4/2024

USD

(2,095,493)

(36,910)

LME

Nickel

Base

Metal

(23)

4/2024

USD

(2,292,547)

(46,666)

LME

Nickel

Base

Metal

(25)

4/2024

USD

(2,493,072)

22,353

LME

Nickel

Base

Metal

(30)

4/2024

USD

(2,991,217)

5,694

LME

Nickel

Base

Metal

(31)

4/2024

USD

(3,090,440)

(31,671)

LME

Nickel

Base

Metal

(31)

4/2024

USD

(3,088,015)

(71,653)

LME

Nickel

Base

Metal

(35)

4/2024

USD

(3,481,594)

(73,226)

LME

Nickel

Base

Metal

(36)

4/2024

USD

(3,585,520)

(97,012)

LME

Nickel

Base

Metal

(38)

4/2024

USD

(3,781,555)

(61,389)

LME

Nickel

Base

Metal

(40)

4/2024

USD

(3,980,045)

(38,480)

LME

Tin

Base

Metal

(1)

4/2024

USD

(137,765)

(11,910)

LME

Tin

Base

Metal

(1)

4/2024

USD

(137,994)

(4,892)

LME

Tin

Base

Metal

(2)

4/2024

USD

(275,290)

(29,249)

LME

Tin

Base

Metal

(2)

4/2024

USD

(275,240)

(29,562)

LME

Zinc

Base

Metal

(1)

4/2024

USD

(60,008)

2,814

LME

Zinc

Base

Metal

(4)

4/2024

USD

(240,493)

6,241

LME

Zinc

Base

Metal

(35)

4/2024

USD

(2,098,425)

108,395

LME

Zinc

Base

Metal

(38)

4/2024

USD

(2,279,630)

116,513

LME

Zinc

Base

Metal

(41)

4/2024

USD

(2,457,438)

109,526

LME

Zinc

Base

Metal

(43)

4/2024

USD

(2,575,034)

155,875

LME

Zinc

Base

Metal

(43)

4/2024

USD

(2,574,281)

171,140

LME

Zinc

Base

Metal

(53)

4/2024

USD

(3,190,481)

257,342

132

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Zinc

Base

Metal

(60)

4/2024

USD

$

(3,609,645)

$

77,560

LME

Zinc

Base

Metal

(61)

4/2024

USD

(3,665,612)

128,608

LME

Zinc

Base

Metal

(67)

4/2024

USD

(4,027,219)

81,477

MSCI

Singapore

Index

(186)

4/2024

SGD

(4,006,525)

7,960

Natural

Gas

(10)

4/2024

GBP

(266,257)

12,550

Natural

Gas

(60)

4/2024

EUR

(1,316,691)

32,375

Natural

Gas

(1,958)

4/2024

USD

(34,519,540)

1,458,626

OMXS30

Index

(233)

4/2024

SEK

(5,495,221)

(29,118)

Rapeseed

(18)

4/2024

EUR

(425,283)

(25,913)

Canola

(317)

5/2024

CAD

(2,931,878)

(160,002)

CBOE

Volatility

Index

(74)

5/2024

USD

(1,140,969)

59,884

Copper

(732)

5/2024

USD

(73,328,100)

(2,666,927)

Corn

(1,359)

5/2024

USD

(30,033,900)

64,686

Ethanol

(15)

5/2024

USD

(1,059,975)

14,705

EURO

STOXX

50

Volatility

Index

(113)

5/2024

EUR

(187,132)

9,392

French

Base

Electricity

(14)

5/2024

EUR

(327,792)

153,405

Italian

Base

Electricity

(6)

5/2024

EUR

(376,995)

5,667

KC

HRW

Wheat

(331)

5/2024

USD

(9,685,888)

206,923

LME

Aluminum

Base

Metal

(10)

5/2024

USD

(580,245)

(23,731)

LME

Aluminum

Base

Metal

(52)

5/2024

USD

(3,015,974)

(141,504)

LME

Aluminum

Base

Metal

(55)

5/2024

USD

(3,190,660)

(146,186)

LME

Aluminum

Base

Metal

(64)

5/2024

USD

(3,702,368)

(98,079)

LME

Aluminum

Base

Metal

(71)

5/2024

USD

(4,113,527)

(139,514)

LME

Aluminum

Base

Metal

(73)

5/2024

USD

(4,235,789)

(157,132)

LME

Aluminum

Base

Metal

(73)

5/2024

USD

(4,230,314)

(187,199)

LME

Aluminum

Base

Metal

(83)

5/2024

USD

(4,816,552)

(158,783)

LME

Aluminum

Base

Metal

(144)

5/2024

USD

(8,357,328)

(413,006)

LME

Aluminum

Base

Metal

(204)

5/2024

USD

(11,816,802)

(510,431)

LME

Aluminum

Base

Metal

(299)

5/2024

USD

(17,373,171)

(999,200)

LME

Copper

Base

Metal

(3)

5/2024

USD

(660,594)

(20,632)

LME

Copper

Base

Metal

(6)

5/2024

USD

(1,323,981)

(89,047)

LME

Copper

Base

Metal

(24)

5/2024

USD

(5,295,924)

(264,609)

LME

Copper

Base

Metal

(26)

5/2024

USD

(5,735,879)

(410,854)

LME

Copper

Base

Metal

(36)

5/2024

USD

(7,948,656)

(250,633)

LME

Copper

Base

Metal

(47)

5/2024

USD

(10,362,666)

(497,170)

LME

Copper

Base

Metal

(50)

5/2024

USD

(11,038,550)

(343,815)

LME

Copper

Base

Metal

(120)

5/2024

USD

(26,525,730)

(1,107,404)

LME

Lead

Base

Metal

(2)

5/2024

USD

(102,304)

1,041

LME

Lead

Base

Metal

(2)

5/2024

USD

(102,307)

412

LME

Lead

Base

Metal

(2)

5/2024

USD

(102,221)

274

LME

Lead

Base

Metal

(2)

5/2024

USD

(102,307)

1,813

LME

Lead

Base

Metal

(3)

5/2024

USD

(153,157)

(390)

LME

Lead

Base

Metal

(3)

5/2024

USD

(153,113)

4,005

LME

Lead

Base

Metal

(4)

5/2024

USD

(204,534)

2,955

LME

Lead

Base

Metal

(8)

5/2024

USD

(409,002)

(6,415)

LME

Lead

Base

Metal

(10)

5/2024

USD

(511,635)

7,736

LME

Lead

Base

Metal

(11)

5/2024

USD

(561,253)

22,937

LME

Lead

Base

Metal

(11)

5/2024

USD

(560,365)

26,731

LME

Nickel

Base

Metal

(9)

5/2024

USD

(899,054)

(30,462)

LME

Nickel

Base

Metal

(10)

5/2024

USD

(999,624)

(20,289)

LME

Nickel

Base

Metal

(10)

5/2024

USD

(999,969)

(21,399)

LME

Nickel

Base

Metal

(13)

5/2024

USD

(1,299,648)

(13,467)

LME

Nickel

Base

Metal

(15)

5/2024

USD

(1,501,754)

(598)

LME

Nickel

Base

Metal

(29)

5/2024

USD

(2,894,231)

(75,725)

LME

Nickel

Base

Metal

(32)

5/2024

USD

(3,203,933)

93,343

LME

Nickel

Base

Metal

(63)

5/2024

USD

(6,317,257)

229,815

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

133

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Zinc

Base

Metal

(11)

5/2024

USD

$

(666,116)

$

(6,210)

LME

Zinc

Base

Metal

(23)

5/2024

USD

(1,392,989)

(14,120)

LME

Zinc

Base

Metal

(24)

5/2024

USD

(1,452,414)

(45,410)

LME

Zinc

Base

Metal

(25)

5/2024

USD

(1,511,994)

(28,685)

LME

Zinc

Base

Metal

(28)

5/2024

USD

(1,691,494)

(71,055)

LME

Zinc

Base

Metal

(29)

5/2024

USD

(1,754,486)

(78,159)

LME

Zinc

Base

Metal

(30)

5/2024

USD

(1,811,775)

(38,918)

LME

Zinc

Base

Metal

(34)

5/2024

USD

(2,056,380)

(89,156)

LME

Zinc

Base

Metal

(57)

5/2024

USD

(3,455,212)

(4,258)

LME

Zinc

Base

Metal

(75)

5/2024

USD

(4,528,106)

13,732

Milling

Wheat

No.

2

(274)

5/2024

EUR

(3,007,780)

8,454

Phelix

De

Base

Electricity

(19)

5/2024

EUR

(785,712)

53,242

Red

Wheat

(104)

5/2024

USD

(3,354,000)

206,707

SGX

Iron

Ore

(5)

5/2024

USD

(50,520)

2,129

Soybean

(1,810)

5/2024

USD

(107,830,750)

509,655

Soybean

Meal

(529)

5/2024

USD

(17,864,330)

228,235

Soybean

Oil

(528)

5/2024

USD

(15,190,560)

(93,689)

Wheat

(623)

5/2024

USD

(17,451,788)

(112,551)

Australia

3

Year

Bond

(293)

6/2024

AUD

(20,402,270)

(30,972)

Canada

10

Year

Bond

(412)

6/2024

CAD

(36,553,955)

(171,776)

CBOE

Volatility

Index

(83)

6/2024

USD

(1,340,326)

43,556

DAX

Index

(19)

6/2024

EUR

(9,621,832)

(243,698)

Euro-Bobl

(98)

6/2024

EUR

(12,494,852)

(12,472)

Euro-BTP

(120)

6/2024

EUR

(15,381,380)

(36,595)

Euro-Bund

(6)

6/2024

EUR

(862,541)

(2,969)

Euro-Buxl

(60)

6/2024

EUR

(8,771,050)

(193,834)

Euro-OAT

(182)

6/2024

EUR

(25,138,780)

(34,515)

Euro-Schatz

(583)

6/2024

EUR

(66,466,357)

61,980

French

Base

Electricity

(8)

6/2024

EUR

(1,073,470)

57,865

FTSE/JSE

Top

40

Index

(122)

6/2024

ZAR

(4,439,860)

(113,457)

Italian

Base

Electricity

(5)

6/2024

EUR

(1,086,238)

(50,045)

Japan

10

Year

Bond

(46)

6/2024

JPY

(44,301,361)

(130,170)

LME

Aluminum

Base

Metal

(35)

6/2024

USD

(2,042,705)

(49,985)

LME

Aluminum

Base

Metal

(63)

6/2024

USD

(3,673,121)

(112,242)

LME

Aluminum

Base

Metal

(71)

6/2024

USD

(4,135,111)

(146,648)

LME

Aluminum

Base

Metal

(81)

6/2024

USD

(4,721,571)

(183,788)

LME

Aluminum

Base

Metal

(81)

6/2024

USD

(4,731,696)

(49,709)

LME

Aluminum

Base

Metal

(100)

6/2024

USD

(5,842,500)

(95,049)

LME

Aluminum

Base

Metal

(101)

6/2024

USD

(5,889,916)

(148,368)

LME

Aluminum

Base

Metal

(106)

6/2024

USD

(6,170,658)

(263,574)

LME

Aluminum

Base

Metal

(125)

6/2024

USD

(7,302,563)

(32,061)

LME

Aluminum

Base

Metal

(229)

6/2024

USD

(13,364,383)

(236,543)

LME

Aluminum

Base

Metal

(921)

6/2024

USD

(53,755,086)

(2,943,401)

LME

Copper

Base

Metal

(2)

6/2024

USD

(443,350)

(918)

LME

Copper

Base

Metal

(13)

6/2024

USD

(2,875,532)

(97,791)

LME

Copper

Base

Metal

(16)

6/2024

USD

(3,543,944)

32,714

LME

Copper

Base

Metal

(17)

6/2024

USD

(3,763,668)

(115,938)

LME

Copper

Base

Metal

(19)

6/2024

USD

(4,208,054)

18,922

LME

Copper

Base

Metal

(19)

6/2024

USD

(4,207,916)

(19,127)

LME

Copper

Base

Metal

(28)

6/2024

USD

(6,202,217)

104,709

LME

Copper

Base

Metal

(29)

6/2024

USD

(6,415,917)

(166,393)

LME

Copper

Base

Metal

(282)

6/2024

USD

(62,458,136)

(2,387,764)

LME

Lead

Base

Metal

(1)

6/2024

USD

(51,276)

972

LME

Lead

Base

Metal

(3)

6/2024

USD

(154,106)

(3,673)

LME

Lead

Base

Metal

(9)

6/2024

USD

(461,576)

19,675

LME

Lead

Base

Metal

(10)

6/2024

USD

(512,545)

(2,696)

134

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Lead

Base

Metal

(12)

6/2024

USD

$

(615,906)

$

(6,538)

LME

Lead

Base

Metal

(17)

6/2024

USD

(871,684)

37,772

LME

Lead

Base

Metal

(18)

6/2024

USD

(923,184)

(5,692)

LME

Lead

Base

Metal

(36)

6/2024

USD

(1,847,268)

(13,892)

LME

Nickel

Base

Metal

(15)

6/2024

USD

(1,506,528)

63,282

LME

Nickel

Base

Metal

(24)

6/2024

USD

(2,409,598)

175,130

LME

Nickel

Base

Metal

(27)

6/2024

USD

(2,711,446)

191,513

LME

Nickel

Base

Metal

(28)

6/2024

USD

(2,813,046)

55,987

LME

Nickel

Base

Metal

(29)

6/2024

USD

(2,912,816)

238,238

LME

Nickel

Base

Metal

(29)

6/2024

USD

(2,912,990)

283,304

LME

Nickel

Base

Metal

(37)

6/2024

USD

(3,715,852)

147,003

LME

Nickel

Base

Metal

(319)

6/2024

USD

(32,040,972)

1,392,366

LME

Zinc

Base

Metal

(8)

6/2024

USD

(486,644)

29,332

LME

Zinc

Base

Metal

(19)

6/2024

USD

(1,156,825)

30,472

LME

Zinc

Base

Metal

(27)

6/2024

USD

(1,639,886)

73,184

LME

Zinc

Base

Metal

(50)

6/2024

USD

(3,047,813)

48,836

LME

Zinc

Base

Metal

(50)

6/2024

USD

(3,040,400)

188,839

LME

Zinc

Base

Metal

(69)

6/2024

USD

(4,196,528)

250,315

LME

Zinc

Base

Metal

(69)

6/2024

USD

(4,194,769)

177,900

LME

Zinc

Base

Metal

(88)

6/2024

USD

(5,359,024)

172,425

LME

Zinc

Base

Metal

(93)

6/2024

USD

(5,645,844)

90,815

LME

Zinc

Base

Metal

(852)

6/2024

USD

(51,869,121)

274,962

Long

Gilt

(42)

6/2024

GBP

(5,289,368)

(79,825)

Nikkei

225

Index

(4)

6/2024

JPY

(1,063,020)

7,335

Palladium

(71)

6/2024

USD

(7,252,650)

(338,849)

Phelix

De

Base

Electricity

(7)

6/2024

EUR

(1,110,535)

(30,448)

Russell

2000

E-Mini

Index

(7)

6/2024

USD

(751,065)

(9,961)

U.S.

Treasury

10

Year

Note

(526)

6/2024

USD

(58,238,063)

(326,241)

U.S.

Treasury

2

Year

Note

(932)

6/2024

USD

(190,543,030)

290,559

U.S.

Treasury

5

Year

Note

(985)

6/2024

USD

(105,356,524)

(139,496)

U.S.

Treasury

Long

Bond

(428)

6/2024

USD

(51,480,375)

(688,868)

U.S.

Treasury

Ultra

Bond

(256)

6/2024

USD

(32,952,000)

(651,929)

CBOE

Volatility

Index

(92)

7/2024

USD

(1,556,465)

27,802

Platinum

(451)

7/2024

USD

(20,770,805)

(84,234)

Rapeseed

(32)

7/2024

EUR

(769,004)

5,416

CBOE

Volatility

Index

(96)

8/2024

USD

(1,680,000)

28,152

3

Month

Euro

Euribor

(240)

9/2024

EUR

(62,581,931)

4,479

90-Day

Australian

Bank

Bill

(301)

9/2024

AUD

(194,159,835)

7,585

3

Month

CORRA

(734)

12/2024

CAD

(129,339,356)

159,269

3

Month

Euro

Euribor

(218)

12/2024

EUR

(57,012,826)

17,646

3

Month

SOFR

(533)

12/2024

USD

(126,747,400)

322,344

90-Day

Australian

Bank

Bill

(226)

12/2024

AUD

(145,838,092)

(2,303)

90-Day

New

Zealand

Bill

(36)

12/2024

NZD

(21,250,401)

(1,466)

ECX

Emission

(16)

12/2024

EUR

(1,066,767)

19,260

French

Base

Electricity

(3)

12/2024

EUR

(2,188,788)

464,194

Italian

Base

Electricity

(3)

12/2024

EUR

(2,726,345)

355,641

Phelix

De

Base

Electricity

(2)

12/2024

EUR

(1,545,761)

294,759

UK

Allowances

Carbon

Dioxide

Emissions

(9)

12/2024

GBP

(424,840)

(12,419)

3

Month

CORRA

(460)

3/2025

CAD

(81,299,324)

178,254

3

Month

Euro

Euribor

(241)

3/2025

EUR

(63,183,943)

20,560

3

Month

SOFR

(480)

3/2025

USD

(114,498,000)

377,332

3

Month

SONIA

(43)

3/2025

GBP

(12,973,151)

(14,377)

90-Day

Australian

Bank

Bill

(362)

3/2025

AUD

(233,684,658)

(28,027)

90-Day

New

Zealand

Bill

(43)

3/2025

NZD

(25,401,607)

(4,160)

3

Month

CORRA

(473)

6/2025

CAD

(83,810,795)

198,906

3

Month

Euro

Euribor

(210)

6/2025

EUR

(55,164,163)

12,102

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

135

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

3

Month

SOFR

(458)

6/2025

USD

$

(109,559,325)

$

274,709

3

Month

SONIA

(34)

6/2025

GBP

(10,285,197)

(18,221)

90-Day

Australian

Bank

Bill

(238)

6/2025

AUD

(153,679,272)

(29,472)

3

Month

CORRA

(448)

9/2025

CAD

(79,542,283)

96,398

3

Month

Euro

Euribor

(152)

9/2025

EUR

(39,981,642)

4,994

3

Month

SOFR

(317)

9/2025

USD

(76,016,600)

195,373

3

Month

SONIA

(57)

9/2025

GBP

(17,278,802)

(33,040)

3

Month

Euro

Euribor

(134)

12/2025

EUR

(35,277,694)

(5,601)

3

Month

SOFR

(327)

12/2025

USD

(78,565,838)

154,200

3

Month

SONIA

(54)

12/2025

GBP

(16,395,802)

(33,263)

3

Month

Euro

Euribor

(106)

3/2026

EUR

(27,920,530)

(16,526)

3

Month

SOFR

(318)

3/2026

USD

(76,502,850)

123,783

3

Month

SONIA

(36)

3/2026

GBP

(10,943,030)

(23,682)

3

Month

SOFR

(321)

6/2026

USD

(77,288,775)

66,321

3

Month

SONIA

(21)

6/2026

GBP

(6,388,404)

(13,617)

Total

of

short

contracts

(15,001,492)

Net

value

$

18,360,458

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

CAD

7,075,287

USD

5,213,018

CITI

6/20/2024

$

16,354

CAD

7,075,287

USD

5,212,992

JPMC

6/20/2024

16,380

COP

12,258,711,188

USD

3,062,125

CITI

**

6/20/2024

67,707

COP

12,258,711,188

USD

3,062,110

JPMC

**

6/20/2024

67,723

EUR

3,821,500

USD

4,131,872

CITI

6/20/2024

4,328

EUR

3,821,500

USD

4,131,852

JPMC

6/20/2024

4,348

HUF

695,676,893

USD

1,895,972

CITI

6/20/2024

1,316

HUF

695,676,893

USD

1,895,963

JPMC

6/20/2024

1,325

MXN

481,056,124

USD

27,854,249

CITI

6/20/2024

719,395

MXN

481,056,124

USD

27,854,110

JPMC

6/20/2024

719,534

PEN

22,617,500

USD

5,994,068

CITI

**

6/20/2024

77,367

PEN

22,617,500

USD

5,994,038

JPMC

**

6/20/2024

77,397

PLN

1,688,800

USD

421,862

CITI

6/20/2024

581

PLN

1,688,800

USD

421,860

JPMC

6/20/2024

583

TWD

31,000,000

USD

971,703

CITI

**

6/20/2024

666

TWD

31,000,000

USD

971,698

JPMC

**

6/20/2024

672

USD

84,394,474

AUD

128,479,479

CITI

6/20/2024

482,810

USD

84,394,895

AUD

128,479,478

JPMC

6/20/2024

483,231

USD

6,386,807

BRL

32,075,000

CITI

**

6/20/2024

39,725

USD

6,386,839

BRL

32,075,000

JPMC

**

6/20/2024

39,757

USD

20,171,462

CAD

27,264,498

CITI

6/20/2024

20,167

USD

20,171,566

CAD

27,264,502

JPMC

6/20/2024

20,268

USD

32,440,534

CHF

28,250,154

CITI

6/20/2024

836,766

USD

32,440,696

CHF

28,250,154

JPMC

6/20/2024

836,929

USD

59,111,556

CNY

423,167,749

CITI

**

6/20/2024

626,961

USD

59,111,852

CNY

423,167,749

JPMC

**

6/20/2024

627,257

USD

42,937,277

CZK

1,002,066,500

CITI

6/20/2024

208,343

USD

42,937,492

CZK

1,002,066,500

JPMC

6/20/2024

208,558

USD

57,501,757

EUR

52,443,617

CITI

6/20/2024

739,412

USD

57,502,045

EUR

52,443,617

JPMC

6/20/2024

739,699

136

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

59,251,889

GBP

46,630,000

CITI

6/20/2024

$

372,997

USD

59,252,185

GBP

46,630,000

JPMC

6/20/2024

373,293

USD

17,470,679

IDR

274,500,451,644

CITI

**

6/20/2024

214,757

USD

17,470,766

IDR

274,500,451,644

JPMC

**

6/20/2024

214,845

USD

963,512

ILS

3,451,000

CITI

6/20/2024

21,722

USD

963,517

ILS

3,451,000

JPMC

6/20/2024

21,727

USD

68,419,800

INR

5,703,746,837

CITI

**

6/20/2024

186,618

USD

68,420,211

INR

5,703,746,836

JPMC

**

6/20/2024

187,029

USD

105,388,717

JPY

15,590,000,000

CITI

6/20/2024

1,130,779

USD

105,389,244

JPY

15,590,000,000

JPMC

6/20/2024

1,131,306

USD

33,949,297

KRW

44,873,314,685

CITI

**

6/20/2024

556,865

USD

33,949,467

KRW

44,873,314,685

JPMC

**

6/20/2024

557,035

USD

60,007,412

NOK

632,967,123

CITI

6/20/2024

1,593,282

USD

60,007,712

NOK

632,967,123

JPMC

6/20/2024

1,593,582

USD

135,863,340

NZD

223,795,031

CITI

6/20/2024

2,150,068

USD

135,864,019

NZD

223,795,031

JPMC

6/20/2024

2,150,748

USD

8,670,862

PHP

485,753,096

CITI

**

6/20/2024

32,522

USD

8,670,905

PHP

485,753,096

JPMC

**

6/20/2024

32,566

USD

5,706,444

PLN

22,669,500

CITI

6/20/2024

35,801

USD

5,706,472

PLN

22,669,500

JPMC

6/20/2024

35,829

USD

20,652,973

SEK

215,000,000

CITI

6/20/2024

500,413

USD

20,653,076

SEK

215,000,000

JPMC

6/20/2024

500,516

USD

67,203,210

SGD

89,877,653

CITI

6/20/2024

396,864

USD

67,203,546

SGD

89,877,654

JPMC

6/20/2024

397,200

USD

57,203,663

THB

2,037,000,000

CITI

6/20/2024

1,005,253

USD

57,203,949

THB

2,037,000,000

JPMC

6/20/2024

1,005,539

USD

35,475,357

TWD

1,110,454,684

CITI

**

6/20/2024

643,981

USD

35,475,535

TWD

1,110,454,684

JPMC

**

6/20/2024

644,158

ZAR

34,000,000

USD

1,774,894

CITI

6/20/2024

8,432

ZAR

34,000,000

USD

1,774,885

JPMC

6/20/2024

8,441

CLP

1,824,566,474

USD

1,852,497

CITI

**

6/21/2024

5,918

CLP

1,824,566,474

USD

1,852,487

JPMC

**

6/21/2024

5,927

USD

19,288,192

CLP

18,736,707,937

CITI

**

6/21/2024

203,900

USD

19,288,289

CLP

18,736,707,938

JPMC

**

6/21/2024

203,997

Total

unrealized

appreciation

25,809,469

AUD

89,215,500

USD

58,809,794

CITI

6/20/2024

(541,959)

AUD

89,215,500

USD

58,809,500

JPMC

6/20/2024

(541,665)

BRL

84,221,847

USD

16,748,359

CITI

**

6/20/2024

(82,325)

BRL

84,221,847

USD

16,748,275

JPMC

**

6/20/2024

(82,241)

CAD

140,114,192

USD

103,943,814

CITI

6/20/2024

(384,878)

CAD

140,114,193

USD

103,943,295

JPMC

6/20/2024

(384,358)

CNY

94,094,500

USD

13,166,355

CITI

**

6/20/2024

(161,870)

CNY

94,094,500

USD

13,166,290

JPMC

**

6/20/2024

(161,805)

EUR

183,629,000

USD

200,363,291

CITI

6/20/2024

(1,612,455)

EUR

183,629,000

USD

200,362,289

JPMC

6/20/2024

(1,611,453)

GBP

21,450,000

USD

27,441,646

CITI

6/20/2024

(357,102)

GBP

21,450,000

USD

27,441,508

JPMC

6/20/2024

(356,965)

HUF

5,034,738,248

USD

13,896,919

CITI

6/20/2024

(165,904)

HUF

5,034,738,248

USD

13,896,850

JPMC

6/20/2024

(165,834)

ILS

4,706,000

USD

1,292,066

CITI

6/20/2024

(7,782)

ILS

4,706,000

USD

1,292,060

JPMC

6/20/2024

(7,776)

INR

16,720,591,148

USD

200,888,782

CITI

**

6/20/2024

(862,524)

INR

16,720,591,148

USD

200,887,778

JPMC

**

6/20/2024

(861,519)

JPY

4,731,760,280

USD

31,987,118

CITI

6/20/2024

(343,528)

JPY

4,731,760,280

USD

31,986,958

JPMC

6/20/2024

(343,368)

KRW

23,900,000,000

USD

18,150,905

CITI

**

6/20/2024

(365,744)

KRW

23,900,000,000

USD

18,157,661

JPMC

**

6/20/2024

(372,500)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

137

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

NOK

476,500,000

USD

45,523,886

CITI

6/20/2024

$

(1,549,513)

NOK

476,500,000

USD

45,533,262

JPMC

6/20/2024

(1,558,889)

PLN

371,866,208

USD

93,495,747

CITI

6/20/2024

(475,588)

PLN

371,866,208

USD

93,495,279

JPMC

6/20/2024

(475,120)

SEK

241,500,000

USD

23,582,137

CITI

6/20/2024

(945,658)

SEK

241,500,000

USD

23,594,561

JPMC

6/20/2024

(958,081)

SGD

32,062,499

USD

24,059,885

CITI

6/20/2024

(227,727)

SGD

32,062,501

USD

24,059,766

JPMC

6/20/2024

(227,607)

THB

157,500,000

USD

4,469,399

CITI

6/20/2024

(124,161)

THB

157,500,000

USD

4,469,377

JPMC

6/20/2024

(124,139)

TWD

501,000,000

USD

15,947,031

CITI

**

6/20/2024

(232,278)

TWD

501,000,000

USD

15,946,951

JPMC

**

6/20/2024

(232,199)

USD

59,795,447

AUD

91,634,977

CITI

6/20/2024

(52,582)

USD

59,795,747

AUD

91,634,978

JPMC

6/20/2024

(52,283)

USD

2,214,214

BRL

11,243,500

CITI

**

6/20/2024

(10,679)

USD

2,214,225

BRL

11,243,500

JPMC

**

6/20/2024

(10,668)

USD

15,884,365

CAD

21,576,502

CITI

6/20/2024

(62,911)

USD

15,884,441

CAD

21,576,498

JPMC

6/20/2024

(62,831)

USD

422,463

CHF

379,500

CITI

6/20/2024

(2,088)

USD

422,465

CHF

379,500

JPMC

6/20/2024

(2,086)

USD

21,421,543

GBP

16,993,500

CITI

6/20/2024

(35,855)

USD

21,421,651

GBP

16,993,500

JPMC

6/20/2024

(35,748)

USD

3,065,216

INR

256,253,163

CITI

**

6/20/2024

(307)

USD

3,065,231

INR

256,253,164

JPMC

**

6/20/2024

(292)

USD

3,203,821

JPY

480,000,000

CITI

6/20/2024

(6,173)

USD

3,203,837

JPY

480,000,000

JPMC

6/20/2024

(6,157)

USD

1,331,083

PHP

75,000,000

CITI

**

6/20/2024

(2,672)

USD

1,331,089

PHP

75,000,000

JPMC

**

6/20/2024

(2,666)

USD

79,312,824

ZAR

1,536,183,392

CITI

6/20/2024

(1,261,211)

USD

79,313,221

ZAR

1,536,183,392

JPMC

6/20/2024

(1,260,815)

ZAR

537,500,000

USD

28,565,728

CITI

6/20/2024

(373,427)

ZAR

537,500,000

USD

28,559,570

JPMC

6/20/2024

(367,269)

CLP

2,925,433,526

USD

3,089,278

CITI

**

6/21/2024

(109,576)

CLP

2,925,433,526

USD

3,089,263

JPMC

**

6/21/2024

(109,560)

USD

13,323,486

CLP

13,155,560,891

CITI

**

6/21/2024

(76,123)

USD

13,323,553

CLP

13,155,560,890

JPMC

**

6/21/2024

(76,057)

Total

unrealized

depreciation

(20,886,551)

Net

unrealized

appreciation

$

4,922,918

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

138

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

HIBOR

plus

or

minus

a

specified

spread

(-0.30%

to

0.23%),

which

is

denominated

in

HKD

based

on

the

local

currencies

of

the

positions

within

the

swap.

24

months

maturity

ranging

from

01/27/2025

-

03/13/2026

$10,188,709

$4,313

$63,775

$68,088

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

NIBOR

plus

or

minus

a

specified

spread

(-0.23%

to

0.23%),

which

is

denominated

in

NOK

based

on

the

local

currencies

of

the

positions

within

the

swap.

24-25

months

maturity

ranging

from

02/25/2025

-

03/25/2026

$5,961,460

$(18,391)

$67,271

$48,880

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SORA

plus

or

minus

a

specified

spread

(-0.30%

to

0.23%),

which

is

denominated

in

SGD

based

on

the

local

currencies

of

the

positions

within

the

swap.

24

months

maturity

ranging

from

01/27/2025

-

03/13/2026

$6,503,035

$(29,721)

$(205,757)

$(235,478)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

TONAR

plus

or

minus

a

specified

spread

(-0.08%

to

0.01%),

which

is

denominated

in

JPY

based

on

the

local

currencies

of

the

positions

within

the

swap.

31-61

months

maturity

ranging

from

09/24/2026

-

03/15/2029

$194,422,605

$2,997,840

$125,358

$3,123,198

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

139

(Continued)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Japan

Disco

Corp.

11,400

4,167,082

421,752

13.5

Ebara

Corp.

18,600

1,692,794

33,724

1.1

Hitachi

Ltd.

37,800

3,454,181

355,492

11.4

Hoya

Corp.

13,600

1,700,964

4,450

0.1

Isetan

Mitsukoshi

Holdings

Ltd.

95,500

1,549,971

165,986

5.3

Japan

Post

Bank

Co.

Ltd.

143,300

1,539,803

(24,020)

(0.8)

JFE

Holdings,

Inc.

83,800

1,388,869

39,810

1.3

Kyushu

Electric

Power

Co.,

Inc.

232,500

2,087,995

140,110

4.5

Makita

Corp.

44,100

1,253,345

90,688

2.9

Mitsubishi

Corp.

104,700

2,419,746

182,300

5.8

Mitsui

&

Co.

Ltd.

36,500

1,706,433

133,881

4.3

Nintendo

Co.

Ltd.

60,400

3,295,703

(13,941)

(0.4)

Niterra

Co.

Ltd.

48,400

1,606,874

163,130

5.2

Recruit

Holdings

Co.

Ltd.

37,800

1,659,677

57,834

1.9

SCREEN

Holdings

Co.

Ltd.

25,500

3,306,201

325,410

10.4

Sony

Group

Corp.

20,700

1,775,040

(4,042)

(0.1)

Tokio

Marine

Holdings,

Inc.

61,100

1,915,257

131,675

4.2

Tokyo

Electron

Ltd.

13,700

3,568,154

202,830

6.5

Toyo

Suisan

Kaisha

Ltd.

35,800

2,189,020

159,341

5.1

Short

Positions

Common

Stocks

Japan

Advantest

Corp.

(43,500)

(1,932,394)

(30,150)

(1.0)

Aeon

Co.

Ltd.

(101,200)

(2,400,657)

35,417

1.1

Bandai

Namco

Holdings,

Inc.

(71,500)

(1,326,694)

36,898

1.2

Daikin

Industries

Ltd.

(18,200)

(2,485,041)

(42,584)

(1.4)

Eisai

Co.

Ltd.

(43,800)

(1,804,070)

44,023

1.4

FANUC

Corp.

(55,800)

(1,556,624)

37,405

1.2

IHI

Corp.

(49,400)

(1,320,549)

(176,106)

(5.6)

Kawasaki

Heavy

Industries

Ltd.

(41,000)

(1,347,156)

(99,659)

(3.2)

KDDI

Corp.

(46,600)

(1,377,809)

27,456

0.9

Keyence

Corp.

(2,700)

(1,253,504)

8,921

0.3

Kobe

Bussan

Co.

Ltd.

(63,900)

(1,565,759)

153,100

4.9

M3,

Inc.

(94,300)

(1,357,103)

(59,840)

(1.9)

Mercari,

Inc.

(145,000)

(1,853,466)

42,213

1.4

NIDEC

Corp.

(94,500)

(3,918,845)

(488,520)

(15.6)

Nippon

Telegraph

&

Telephone

Corp.

(1,376,600)

(1,639,673)

19,013

0.6

Nissan

Motor

Co.

Ltd.

(675,800)

(2,677,845)

(308,661)

(9.9)

Nitori

Holdings

Co.

Ltd.

(13,300)

(2,015,643)

79,779

2.6

NTT

Data

Group

Corp.

(205,300)

(3,263,850)

(51,037)

(1.6)

Omron

Corp.

(86,200)

(3,086,567)

47,849

1.5

Resona

Holdings,

Inc.

(223,700)

(1,378,990)

(42,307)

(1.4)

Rohm

Co.

Ltd.

(155,200)

(2,489,220)

31,195

1.0

Sekisui

House

Ltd.

(64,000)

(1,457,771)

(53,728)

(1.7)

Seven

&

i

Holdings

Co.

Ltd.

(105,900)

(1,543,586)

(72,053)

(2.3)

Shiseido

Co.

Ltd.

(68,500)

(1,879,671)

(30,712)

(1.0)

SMC

Corp.

(2,900)

(1,636,065)

20,757

0.7

SoftBank

Corp.

(129,100)

(1,662,155)

21,739

0.7

Sumitomo

Chemical

Co.

Ltd.

(688,400)

(1,491,557)

(66,554)

(2.1)

Taiyo

Yuden

Co.

Ltd.

(55,500)

(1,313,941)

(105,320)

(3.4)

140

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Japan

(continued)

Toray

Industries,

Inc.

(307,100)

(1,474,651)

(54,150)

(1.7)

Yamaha

Corp.

(82,900)

(1,789,378)

(37,612)

(1.2)

Yaskawa

Electric

Corp.

(33,800)

(1,439,025)

(14,818)

(0.5)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.50%

to

0.02%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

31-61

months

maturity

ranging

from

09/21/2026

-

03/15/2029

$880,662,293

$5,419,189

$869,415

$6,288,604

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

United

States

AbbVie,

Inc.

15,605

2,841,670

38,544

0.6

Allison

Transmission

Holdings,

Inc.

38,543

3,128,150

254,384

4.0

Amazon.com,

Inc.

26,455

4,771,953

169,193

2.7

Arista

Networks,

Inc.

12,509

3,627,360

237,171

3.8

Booking

Holdings,

Inc.

946

3,431,974

118,382

1.9

Builders

FirstSource,

Inc.

15,332

3,197,489

243,012

3.9

Cardinal

Health,

Inc.

31,452

3,519,479

(112,598)

(1.8)

Centene

Corp.

31,511

2,472,983

14,180

0.2

Cigna

Group

(The)

7,415

2,693,054

155,122

2.5

ConocoPhillips

19,344

2,462,104

186,553

3.0

Deckers

Outdoor

Corp.

3,757

3,536,314

148,777

2.4

Dell

Technologies,

Inc.

41,852

4,775,732

(73,241)

(1.2)

General

Electric

Co.

26,880

4,718,246

241,114

3.8

KB

Home

35,595

2,522,974

63,359

1.0

Lam

Research

Corp.

2,662

2,586,319

107,465

1.7

Lennar

Corp.

14,642

2,518,131

115,086

1.8

Marathon

Petroleum

Corp.

12,298

2,478,047

187,513

3.0

Medpace

Holdings,

Inc.

8,106

3,276,040

(2,642)

0.0(a)

Medtronic

plc

38,747

3,376,801

63,933

1.0

Microsoft

Corp.

8,148

3,428,027

48,556

0.8

Molson

Coors

Beverage

Co.

60,193

4,047,979

78,251

1.2

NVIDIA

Corp.

5,473

4,945,184

250,773

4.0

Owens

Corning

22,145

3,693,786

239,166

3.8

PulteGroup,

Inc.

36,187

4,364,876

353,547

5.6

Sherwin-Williams

Co.

(The)

8,147

2,829,698

80,548

1.3

Toll

Brothers,

Inc.

31,544

4,080,847

317,648

5.1

Valero

Energy

Corp.

15,640

2,669,592

273,513

4.3

Vertex

Pharmaceuticals,

Inc.

6,851

2,863,787

24,253

0.4

Vistra

Corp.

45,079

3,139,752

522,916

8.3

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

141

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

States

(continued)

Walmart,

Inc.

45,444

2,734,365

(22,268)

(0.4)

Short

Positions

Common

Stocks

United

States

Air

Products

and

Chemicals,

Inc.

(12,039)

(2,916,689)

66,450

1.1

Atmos

Energy

Corp.

(22,485)

(2,672,792)

(42,047)

(0.7)

Celanese

Corp.

(25,916)

(4,453,924)

(373,968)

(5.9)

Cisco

Systems,

Inc.

(51,739)

(2,582,293)

6,339

0.1

Coca-Cola

Co.

(The)

(74,015)

(4,528,238)

(8,556)

(0.1)

Dollar

General

Corp.

(17,184)

(2,681,735)

53,867

0.9

Honeywell

International,

Inc.

(15,133)

(3,106,048)

(78,927)

(1.3)

Intuit,

Inc.

(3,875)

(2,518,750)

12,574

0.2

Newmont

Corp.

(81,771)

(2,930,673)

(108,677)

(1.7)

Pfizer,

Inc.

(169,868)

(4,713,837)

105,827

1.7

RTX

Corp.

(35,551)

(3,467,289)

(242,259)

(3.9)

Texas

Instruments,

Inc.

(15,740)

(2,742,065)

(10,038)

(0.2)

Tractor

Supply

Co.

(14,457)

(3,783,686)

(185,483)

(2.9)

Visa,

Inc.

(11,235)

(3,135,464)

16,628

0.3

Walgreens

Boots

Alliance,

Inc.

(114,706)

(2,487,973)

(17,206)

(0.3)

Waste

Management,

Inc.

(15,127)

(3,224,320)

(58,541)

(0.9)

Waters

Corp.

(7,324)

(2,521,141)

70,530

1.1

Williams

Cos.,

Inc.

(The)

(99,274)

(3,868,708)

(231,308)

(3.7)

Wolfspeed,

Inc.

(83,825)

(2,472,838)

(124,553)

(2.0)

Xylem,

Inc.

(27,724)

(3,583,050)

(84,835)

(1.3)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

BBR

plus

or

minus

a

specified

spread

(-0.75%

to

0.30%),

which

is

denominated

in

AUD

based

on

the

local

currencies

of

the

positions

within

the

swap.

24

months

maturity

ranging

from

01/28/2025

-

03/13/2026

$45,991,105

$140,860

$(714,516)

$(573,656)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Australia

ALS

Ltd.

68,575

586,333

2,276

(0.4)

Aristocrat

Leisure

Ltd.

55,480

1,553,492

(10,149)

1.8

BlueScope

Steel

Ltd.

118,195

1,838,300

43,693

(7.6)

Brambles

Ltd.

80,174

843,760

41,793

(7.3)

Cochlear

Ltd.

3,077

676,728

379

(0.1)

Coles

Group

Ltd.

27,530

303,910

7,184

(1.3)

IGO

Ltd.

97,328

448,434

(3,143)

0.5

142

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Australia

(continued)

Incitec

Pivot

Ltd.

562,769

1,059,893

(3,619)

0.6

JB

Hi-Fi

Ltd.

35,025

1,466,235

41,102

(7.2)

Northern

Star

Resources

Ltd.

42,095

397,190

21,108

(3.7)

Origin

Energy

Ltd.

310,960

1,865,362

21,365

(3.7)

Pilbara

Minerals

Ltd.

205,480

512,765

(6,771)

1.2

Qantas

Airways

Ltd.

363,606

1,290,852

16,094

(2.8)

QBE

Insurance

Group

Ltd.

25,412

300,388

4,797

(0.8)

Qube

Holdings

Ltd.

261,767

581,606

23,807

(4.2)

Seven

Group

Holdings

Ltd.

9,095

241,688

(3,147)

0.5

Sonic

Healthcare

Ltd.

43,819

839,695

12,752

(2.2)

South32

Ltd.

347,715

678,508

7,806

(1.4)

Suncorp

Group

Ltd.

82,734

883,096

11,852

(2.1)

Whitehaven

Coal

Ltd.

138,636

641,131

43,066

(7.5)

New

Zealand

Xero

Ltd.

10,700

929,075

(26,946)

4.7

United

States

James

Hardie

Industries

plc

17,846

717,292

6,506

(1.1)

Short

Positions

Common

Stocks

Australia

ANZ

Group

Holdings

Ltd.

(38,327)

(734,580)

(6,535)

1.1

APA

Group

(81,712)

(447,863)

(7,505)

1.3

Atlas

Arteria

Ltd.

(89,974)

(312,424)

668

(0.1)

BHP

Group

Ltd.

(74,540)

(2,155,246)

(23,819)

4.2

CAR

Group

Ltd.

(38,102)

(895,621)

17,845

(3.1)

Cleanaway

Waste

Management

Ltd.

(364,793)

(646,367)

(9,284)

1.6

Commonwealth

Bank

of

Australia

(38,810)

(3,044,236)

(39,973)

7.0

Computershare

Ltd.

(27,764)

(472,901)

(10,278)

1.8

Domino's

Pizza

Enterprises

Ltd.

(24,239)

(684,812)

(1,541)

0.3

Endeavour

Group

Ltd.

(171,231)

(614,793)

(18,941)

3.3

Fortescue

Ltd.

(15,940)

(266,756)

(1,880)

0.3

IDP

Education

Ltd.

(88,738)

(1,035,849)

10,804

(1.9)

Insurance

Australia

Group

Ltd.

(183,061)

(763,608)

(9,685)

1.7

Lynas

Rare

Earths

Ltd.

(186,262)

(687,488)

14,074

(2.5)

Mineral

Resources

Ltd.

(24,670)

(1,138,231)

(17,720)

3.1

NEXTDC

Ltd.

(101,197)

(1,172,247)

12,785

(2.2)

Ramsay

Health

Care

Ltd.

(13,746)

(506,047)

(12,574)

2.2

REA

Group

Ltd.

(13,345)

(1,612,449)

40,190

(7.0)

Reece

Ltd.

(27,853)

(509,981)

(1,769)

0.3

Santos

Ltd.

(68,479)

(346,703)

(8,450)

1.5

Transurban

Group

(113,626)

(985,720)

(12,776)

2.2

Treasury

Wine

Estates

Ltd.

(108,638)

(881,229)

(17,543)

3.1

Wesfarmers

Ltd.

(24,919)

(1,110,761)

(15,964)

2.8

Westpac

Banking

Corp.

(40,613)

(690,753)

8,994

(1.6)

WiseTech

Global

Ltd.

(24,538)

(1,500,815)

42,238

(7.4)

Woolworths

Group

Ltd.

(32,503)

(702,586)

(16,547)

2.9

Worley

Ltd.

(27,057)

(295,332)

(4,762)

0.8

United

States

CSL

Ltd.

(11,733)

(2,201,434)

(32,394)

5.6

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

143

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CORRA

plus

or

minus

a

specified

spread

(-0.23%

to

0.23%),

which

is

denominated

in

CAD

based

on

the

local

currencies

of

the

positions

within

the

swap.

25

months

maturity

ranging

from

07/25/2025

-

03/25/2026

$55,040,050

$(321,551)

$720,216

$398,665

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Canada

Air

Canada

102,534

1,484,398

49,959

12.5

Atco

Ltd.

20,600

573,494

(456)

(0.1)

Bombardier,

Inc.

31,510

1,352,705

(16,749)

(4.2)

Cameco

Corp.

10,302

445,985

12,549

3.1

Canadian

National

Railway

Co.

5,082

669,208

7,804

2.0

CCL

Industries,

Inc.

15,319

782,942

(9,161)

(2.3)

Constellation

Software,

Inc.

187

510,797

(5,782)

(1.5)

Empire

Co.

Ltd.

34,479

842,025

10,182

2.6

Fairfax

Financial

Holdings

Ltd.

1,762

1,899,300

(47,323)

(11.9)

Finning

International,

Inc.

32,842

965,221

55,523

13.9

MEG

Energy

Corp.

35,652

818,558

1,579

0.4

National

Bank

of

Canada

14,090

1,186,450

(5,617)

(1.4)

Onex

Corp.

9,153

685,656

16,420

4.1

Open

Text

Corp.

12,388

480,686

(5,945)

(1.5)

Pembina

Pipeline

Corp.

18,396

649,303

6,519

1.6

Quebecor,

Inc.

23,607

517,435

(12,897)

(3.2)

Shopify,

Inc.

19,072

1,471,355

(27,878)

(7.0)

TFI

International,

Inc.

7,277

1,160,409

(2,901)

(0.7)

Toromont

Industries

Ltd.

5,109

491,645

12,711

3.2

West

Fraser

Timber

Co.

Ltd.

14,944

1,290,355

(23,830)

(6.0)

Whitecap

Resources,

Inc.

174,686

1,321,864

(6,448)

(1.6)

Short

Positions

Common

Stocks

Brazil

Wheaton

Precious

Metals

Corp.

(19,349)

(911,348)

(39,854)

(10.0)

Canada

Algonquin

Power

&

Utilities

Corp.

(164,754)

(1,041,153)

(43,787)

(11.0)

Alimentation

Couche-Tard,

Inc.

(16,083)

(917,926)

5,462

1.4

Bank

of

Nova

Scotia

(The)

(9,200)

(475,910)

(11,614)

(2.9)

Barrick

Gold

Corp.

(43,145)

(717,623)

(44,274)

(11.1)

BCE,

Inc.

(29,496)

(1,002,326)

(1,742)

(0.4)

Brookfield

Asset

Management

Ltd.

(19,879)

(835,049)

(6,457)

(1.6)

CAE,

Inc.

(22,961)

(474,120)

(7,628)

(1.9)

Canadian

Pacific

Kansas

City

Ltd.

(37,069)

(3,268,355)

(19,430)

(4.9)

Element

Fleet

Management

Corp.

(34,245)

(553,411)

(2,781)

(0.7)

144

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Canada

(continued)

Enbridge,

Inc.

(24,161)

(873,117)

(3,032)

(0.8)

Fortis,

Inc.

(21,598)

(853,365)

(1,435)

(0.4)

Franco-Nevada

Corp.

(8,275)

(985,999)

(33,416)

(8.4)

Hydro

One

Ltd.

(33,065)

(964,208)

20,505

5.1

Intact

Financial

Corp.

(4,113)

(668,137)

(3,735)

(0.9)

Keyera

Corp.

(28,978)

(746,405)

(18,398)

(4.6)

Magna

International,

Inc.

(18,081)

(984,974)

(13,615)

(3.4)

Manulife

Financial

Corp.

(18,268)

(456,245)

(11,463)

(2.9)

Pan

American

Silver

Corp.

(62,083)

(935,908)

(59,124)

(14.8)

RB

Global,

Inc.

(17,132)

(1,304,868)

(4,933)

(1.2)

Rogers

Communications,

Inc.

(60,080)

(2,461,659)

11,976

3.0

Royal

Bank

of

Canada

(22,523)

(2,271,671)

(25,773)

(6.5)

Suncor

Energy,

Inc.

(28,945)

(1,068,222)

(855)

(0.2)

Teck

Resources

Ltd.

(12,643)

(578,691)

(31,455)

(7.9)

Toronto-Dominion

Bank

(The)

(12,105)

(730,563)

(7,060)

(1.8)

Tourmaline

Oil

Corp.

(9,292)

(434,434)

(17,424)

(4.4)

WSP

Global,

Inc.

(5,634)

(939,007)

14,807

3.7

Chile

Lundin

Mining

Corp.

(59,143)

(605,162)

(31,437)

(7.9)

United

States

GFL

Environmental,

Inc.

(22,144)

(763,609)

5,558

1.4

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.23%

to

0.23%),

which

is

denominated

in

CHF

based

on

the

local

currencies

of

the

positions

within

the

swap.

25

months

maturity

ranging

from

02/25/2025

-

03/25/2026

$49,384,117

$(111,694)

$(263,946)

$(375,640)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Switzerland

ABB

Ltd.

(Registered)

89,658

4,159,262

2,693

(0.7)

Adecco

Group

AG

(Registered)

5,542

219,254

3,867

(1.0)

Alcon,

Inc.

4,831

399,579

(893)

0.2

DKSH

Holding

AG

8,180

556,460

(16,780)

4.5

Galenica

AG

2,795

233,232

2,653

(0.7)

Georg

Fischer

AG

(Registered)

17,938

1,330,395

1,728

(0.5)

Helvetia

Holding

AG

(Registered)

1,951

268,986

949

(0.3)

Kuehne

+

Nagel

International

AG

(Registered)

2,624

730,046

19,528

(5.2)

Logitech

International

SA

(Registered)

23,046

2,065,136

(27,748)

7.4

Novartis

AG

(Registered)

40,150

3,888,866

41,928

(11.2)

SGS

SA

(Registered)

3,740

363,089

970

(0.3)

Temenos

AG

(Registered)

6,864

490,985

(9,060)

2.4

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

145

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Switzerland

(continued)

Zurich

Insurance

Group

AG

1,007

543,996

2,225

(0.6)

United

States

Holcim

AG

52,543

4,760,227

52,710

(14.0)

Swiss

Re

AG

16,392

2,108,583

11,076

(2.9)

Short

Positions

Common

Stocks

Switzerland

Avolta

AG

(6,723)

(279,928)

(27,811)

7.4

Bachem

Holding

AG

(9,937)

(951,598)

(15,580)

4.1

Baloise

Holding

AG

(Registered)

(4,622)

(724,756)

(8,278)

2.2

Banque

Cantonale

Vaudoise

(Registered)

(5,321)

(619,024)

1,076

(0.3)

Barry

Callebaut

AG

(Registered)

(270)

(392,202)

(7,194)

1.9

Belimo

Holding

AG

(Registered)

(260)

(127,604)

2,360

(0.6)

BKW

AG

(1,035)

(159,044)

(4,227)

1.1

Chocoladefabriken

Lindt

&

Spruengli

AG

(163)

(1,950,919)

17,335

(4.6)

Cie

Financiere

Richemont

SA

(Registered)

(10,626)

(1,617,707)

(30,022)

8.0

Clariant

AG

(Registered)

(33,968)

(459,586)

1,808

(0.5)

EMS-Chemie

Holding

AG

(Registered)

(863)

(661,420)

770

(0.2)

Flughafen

Zurich

AG

(Registered)

(783)

(177,797)

(160)

0.0(a)

Geberit

AG

(Registered)

(168)

(99,285)

(592)

0.2

Givaudan

SA

(Registered)

(506)

(2,252,581)

28,725

(7.6)

Julius

Baer

Group

Ltd.

(2,483)

(144,010)

(1,448)

0.4

Lonza

Group

AG

(Registered)

(3,732)

(2,230,238)

(53,565)

14.3

Partners

Group

Holding

AG

(1,094)

(1,562,763)

(8,224)

2.2

SIG

Group

AG

(92,153)

(2,043,425)

(8,978)

2.4

Sika

AG

(Registered)

(2,602)

(774,226)

(1,863)

0.5

Sonova

Holding

AG

(Registered)

(2,123)

(614,806)

(10,051)

2.7

Straumann

Holding

AG

(Registered)

(8,807)

(1,405,225)

(52,217)

13.9

Swatch

Group

AG

(The)

(3,738)

(872,009)

(39,316)

10.5

Swiss

Life

Holding

AG

(Registered)

(1,303)

(913,914)

(11,776)

3.1

Swisscom

AG

(Registered)

(1,341)

(820,766)

(20,791)

5.5

Tecan

Group

AG

(Registered)

(500)

(207,165)

(3,251)

0.9

UBS

Group

AG

(Registered)

(48,709)

(1,499,796)

31,391

(8.4)

VAT

Group

AG

(3,347)

(1,729,040)

46,427

(12.4)

United

States

Nestle

SA

(Registered)

(18,590)

(1,975,187)

(22,088)

5.9

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CIBOR

plus

or

minus

a

specified

spread

(-0.75%

to

0.23%),

which

is

denominated

in

DKK

based

on

the

local

currencies

of

the

positions

within

the

swap.

25

months

maturity

ranging

from

02/25/2025

-

02/25/2026

$27,110,538

$(57,823)

$230,794

$172,971

146

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Denmark

Carlsberg

A/S

5,472

749,364

(2,676)

(1.5)

Danske

Bank

A/S

77,940

2,339,480

29,637

17.1

Demant

A/S

12,559

624,224

4,798

2.8

Genmab

A/S

3,523

1,056,296

4,061

2.3

ISS

A/S

48,267

879,369

17,539

10.1

Jyske

Bank

A/S

(Registered)

8,389

710,596

15,825

9.1

Novo

Nordisk

A/S

36,835

4,724,951

(40,687)

(23.5)

Pandora

A/S

14,283

2,305,362

(16,657)

(9.6)

ROCKWOOL

A/S

1,160

381,670

10,542

6.1

Vestas

Wind

Systems

A/S

27,034

754,076

(26,619)

(15.4)

Short

Positions

Common

Stocks

Denmark

Ambu

A/S

(6,808)

(112,046)

(2,598)

(1.5)

AP

Moller

-

Maersk

A/S

(1,920)

(2,503,382)

24,830

14.4

Coloplast

A/S

(19,295)

(2,605,154)

(3,594)

(2.1)

DSV

A/S

(14,829)

(2,410,523)

(21,188)

(12.2)

GN

Store

Nord

A/S

(7,021)

(185,697)

3,388

2.0

Novonesis

(Novozymes)

(32,927)

(1,936,817)

(3,731)

(2.2)

Orsted

A/S

(30,446)

(1,701,288)

(39,800)

(23.0)

Royal

Unibrew

A/S

(6,562)

(434,200)

(13,460)

(7.8)

Tryg

A/S

(33,765)

(696,043)

2,567

1.5

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.75%

to

0.23%),

which

is

denominated

in

EUR

based

on

the

local

currencies

of

the

positions

within

the

swap.

24-25

months

maturity

ranging

from

02/25/2025

-

03/25/2026

$214,219,045

$(759,784)

$2,179,619

$1,419,835

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

France

Air

Liquide

SA

11,615

2,416,486

20,338

1.4

Eiffage

SA

14,162

1,607,277

21,350

1.5

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

147

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

France

(continued)

Engie

SA

86,461

1,448,858

1,549

0.1

Hermes

International

SCA

1,274

3,256,065

(46,750)

(3.3)

L'Oreal

SA

6,937

3,285,167

26,266

1.8

LVMH

Moet

Hennessy

Louis

Vuitton

SE

5,074

4,565,569

46,712

3.3

Orange

SA

124,411

1,463,075

34,698

2.4

Rexel

SA

75,629

2,042,954

8,041

0.6

Vinci

SA

10,943

1,404,301

35,294

2.5

Germany

Allianz

SE

(Registered)

7,584

2,273,056

21,370

1.5

Bayerische

Motoren

Werke

AG

20,616

2,378,650

15,706

1.1

Daimler

Truck

Holding

AG

29,727

1,506,409

2,601

0.2

Heidelberg

Materials

AG

27,476

3,024,596

55,901

3.9

KION

Group

AG

31,032

1,632,398

(25,811)

(1.8)

Mercedes-Benz

Group

AG

24,999

1,990,844

2,603

0.2

SAP

SE

22,398

4,361,316

(6,100)

(0.4)

Siemens

AG

(Registered)

10,091

1,926,764

31,830

2.2

Italy

Enel

SpA

230,497

1,521,626

12,934

0.9

Ferrari

NV

3,262

1,422,348

(6,451)

(0.5)

Leonardo

SpA

102,280

2,569,647

35,027

2.5

Prysmian

SpA

43,359

2,261,343

(67,259)

(4.7)

Netherlands

Koninklijke

Ahold

Delhaize

NV

96,809

2,896,699

60,044

4.2

Wolters

Kluwer

NV

13,225

2,070,901

4,211

0.3

Spain

Industria

de

Diseno

Textil

SA

92,017

4,633,635

90,924

6.4

United

States

Schneider

Electric

SE

14,116

3,191,295

(82,189)

(5.8)

Tenaris

SA

120,515

2,382,731

5,359

0.4

Short

Positions

Common

Stocks

Finland

Nokia

OYJ

(578,585)

(2,052,876)

(20,772)

(1.5)

France

Cie

Generale

des

Etablissements

Michelin

SCA

(54,858)

(2,102,344)

(6,654)

(0.5)

Kering

SA

(4,296)

(1,701,575)

(62,035)

(4.4)

Sartorius

Stedim

Biotech

(6,338)

(1,807,765)

46,633

3.3

Societe

Generale

SA

(62,030)

(1,661,971)

(51,850)

(3.7)

Germany

Bayer

AG

(Registered)

(68,399)

(2,094,691)

(114,106)

(8.0)

Commerzbank

AG

(175,589)

(2,413,329)

(29,299)

(2.1)

Deutsche

Bank

AG

(Registered)

(105,872)

(1,667,511)

(51,755)

(3.6)

Fresenius

Medical

Care

AG

(36,762)

(1,412,568)

(25,634)

(1.8)

Merck

KGaA

(16,090)

(2,837,238)

(66,790)

(4.7)

Rheinmetall

AG

(2,859)

(1,607,962)

(43,539)

(3.1)

Siemens

Healthineers

AG

(40,752)

(2,492,294)

(62,772)

(4.4)

Italy

Assicurazioni

Generali

SpA

(92,925)

(2,352,251)

(336)

(0.0)(a)

Eni

SpA

(140,053)

(2,217,604)

(18,550)

(1.3)

Moncler

SpA

(21,209)

(1,582,631)

(23,040)

(1.6)

Luxembourg

ArcelorMittal

SA

(105,682)

(2,904,895)

(31,716)

(2.2)

Eurofins

Scientific

SE

(35,743)

(2,276,845)

(120,496)

(8.5)

Netherlands

ASR

Nederland

NV

(30,664)

(1,502,835)

(51,204)

(3.6)

Heineken

NV

(28,228)

(2,721,395)

(84,098)

(5.9)

148

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Switzerland

DSM-Firmenich

AG

(18,714)

(2,128,382)

29,886

2.1

United

States

Ferrovial

SE

(53,378)

(2,113,334)

15,076

1.1

Preferred

Stocks

Germany

Dr

Ing

hc

F

Porsche

AG

(Preference)

(20,351)

(2,024,067)

(6,780)

(0.5)

Sartorius

AG

(Preference)

(5,306)

(2,107,068)

13,241

0.9

Volkswagen

AG

(Preference)

(18,278)

(2,424,102)

(70,022)

(4.9)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SONIA

plus

or

minus

a

specified

spread

(-0.23%

to

0.23%),

which

is

denominated

in

GBP

based

on

the

local

currencies

of

the

positions

within

the

swap.

24-25

months

maturity

ranging

from

02/25/2025

-

03/25/2026

$98,060,413

$(34,552)

$39,373

$4,821

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Netherlands

Shell

plc

62,418

2,070,998

(17,089)

(354.5)

United

Kingdom

Associated

British

Foods

plc

31,907

1,006,694

28,501

591.2

Aviva

plc

164,228

1,030,481

4,443

92.2

BAE

Systems

plc

161,373

2,750,672

(19,335)

(401.0)

Beazley

plc

87,653

737,066

(17,439)

(361.7)

BP

plc

360,367

2,260,737

(40,284)

(835.6)

Centrica

plc

1,722,479

2,776,740

16,812

348.7

easyJet

plc

190,594

1,371,892

75,283

1,561.6

Harbour

Energy

plc

348,494

1,213,696

3,664

76.0

Howden

Joinery

Group

plc

75,876

868,566

37,118

769.9

HSBC

Holdings

plc

111,547

871,943

(7,425)

(154.0)

InterContinental

Hotels

Group

plc

32,033

3,328,610

22,207

460.6

Man

Group

plc

344,965

1,164,253

26,559

550.9

Marks

&

Spencer

Group

plc

463,791

1,553,176

65,741

1,363.6

Melrose

Industries

plc

124,873

1,060,284

8,090

167.8

Pearson

plc

102,048

1,343,715

11,280

234.0

Reckitt

Benckiser

Group

plc

18,382

1,047,867

51,159

1,061.2

RELX

plc

113,049

4,875,288

(15,946)

(330.8)

Rolls-Royce

Holdings

plc

598,308

3,219,116

39,161

812.3

Sage

Group

plc

(The)

132,504

2,117,686

(3,752)

(77.8)

Spectris

plc

23,679

985,278

13,371

277.3

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

149

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

Kingdom

(continued)

Standard

Chartered

plc

142,611

1,209,016

(6,680)

(138.6)

Tesco

plc

353,598

1,324,392

13,627

282.7

United

States

CRH

plc

9,001

776,876

(3,370)

(69.9)

Experian

plc

39,901

1,738,604

(25,040)

(519.4)

Short

Positions

Common

Stocks

Australia

Glencore

plc

(302,061)

(1,657,578)

(42,619)

(884.0)

Rio

Tinto

plc

(13,919)

(880,027)

650

13.5

Burkina

Faso

Endeavour

Mining

plc

(36,176)

(734,090)

(64,721)

(1,342.5)

Chile

Antofagasta

plc

(79,411)

(2,039,752)

(57,231)

(1,187.1)

Hong

Kong

Prudential

plc

(297,316)

(2,788,402)

117,591

2,439.1

Italy

Coca-Cola

HBC

AG

(28,774)

(909,267)

(5,334)

(110.6)

South

Africa

Anglo

American

plc

(106,805)

(2,631,977)

(28,644)

(594.1)

United

Kingdom

Ashtead

Group

plc

(16,489)

(1,174,499)

(16,125)

(334.5)

Barclays

plc

(1,036,814)

(2,402,970)

(28,096)

(582.8)

Bellway

plc

(22,890)

(767,863)

(7,462)

(154.8)

British

American

Tobacco

plc

(29,086)

(882,792)

(10,725)

(222.5)

BT

Group

plc

(1,256,780)

(1,739,335)

(26,984)

(559.7)

Burberry

Group

plc

(61,484)

(940,481)

(9,645)

(200.1)

ConvaTec

Group

plc

(248,192)

(896,607)

3,063

63.5

Diageo

plc

(42,814)

(1,584,213)

(23,875)

(495.2)

Kingfisher

plc

(597,413)

(1,880,225)

(73,581)

(1,526.3)

Lloyds

Banking

Group

plc

(1,627,290)

(1,064,242)

(1,768)

(36.7)

Persimmon

plc

(84,651)

(1,403,556)

(12,470)

(258.7)

Rentokil

Initial

plc

(287,690)

(1,710,464)

(26,370)

(547.0)

Schroders

plc

(180,449)

(857,286)

663

13.7

Severn

Trent

plc

(45,235)

(1,411,479)

44,401

921.0

Smith

&

Nephew

plc

(69,037)

(864,273)

23,197

481.2

United

Utilities

Group

plc

(58,386)

(758,647)

16,592

344.2

Vodafone

Group

plc

(2,804,436)

(2,487,325)

(66,934)

(1,388.4)

Wise

plc

(72,071)

(842,464)

8,235

170.8

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

STIBOR

plus

or

minus

a

specified

spread

(-1.75%

to

0.23%),

which

is

denominated

in

SEK

based

on

the

local

currencies

of

the

positions

within

the

swap.

25

months

maturity

ranging

from

02/25/2025

-

03/25/2026

$34,517,018

$(320,746)

$22,163

$(298,583)

150

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Guatemala

Millicom

International

Cellular

SA

8,660

176,587

7,012

(2.3)

Sweden

AddTech

AB

12,168

276,824

(8,278)

2.8

Alfa

Laval

AB

10,976

431,295

(10,145)

3.4

Atlas

Copco

AB

85,113

1,437,436

(41,546)

13.9

Axfood

AB

12,734

370,219

9,874

(3.3)

Billerud

Aktiebolag

20,821

186,840

3,840

(1.3)

Elekta

AB

32,024

241,382

5

0.0(a)

Evolution

AB

5,647

701,380

22,410

(7.5)

Getinge

AB

35,924

722,536

9,359

(3.1)

H

&

M

Hennes

&

Mauritz

AB

97,733

1,593,642

207,448

(69.5)

Hexpol

AB

37,562

458,663

16

0.0(a)

Saab

AB

13,978

1,243,384

7,511

(2.5)

SKF

AB

77,869

1,589,681

(63,871)

21.4

SSAB

AB

260,827

1,925,855

(59,588)

20.0

Swedbank

AB

76,968

1,527,641

(101,745)

34.1

Trelleborg

AB

51,248

1,832,525

(54,803)

18.4

Volvo

AB

33,729

914,105

(78,008)

26.1

Short

Positions

Common

Stocks

Sweden

Assa

Abloy

AB

(17,908)

(513,929)

7,384

(2.5)

Beijer

Ref

AB

(68,880)

(1,022,724)

(96,087)

32.2

Boliden

AB

(35,185)

(977,004)

412

(0.1)

Embracer

Group

AB

(85,443)

(186,137)

(34,505)

11.6

Epiroc

AB

(34,977)

(656,608)

9,014

(3.0)

EQT

AB

(46,535)

(1,473,275)

46,155

(15.5)

Essity

AB

(66,096)

(1,570,053)

(25,096)

8.4

Hexagon

AB

(127,848)

(1,511,283)

(5,748)

1.9

Holmen

AB

(11,293)

(459,398)

12,726

(4.3)

Husqvarna

AB

(35,989)

(307,958)

(8,588)

2.9

Lifco

AB

(12,527)

(327,134)

11,320

(3.8)

Nibe

Industrier

AB

(172,045)

(846,014)

(43,170)

14.5

Securitas

AB

(81,205)

(837,146)

(6,812)

2.3

Skanska

AB

(36,495)

(649,923)

11,344

(3.8)

Svenska

Cellulosa

AB

SCA

(40,642)

(624,830)

(16,757)

5.6

Svenska

Handelsbanken

AB

(223,115)

(2,255,689)

17,357

(5.8)

Swedish

Orphan

Biovitrum

AB

(49,095)

(1,225,540)

4,587

(1.5)

Tele2

AB

(91,291)

(749,632)

(3,202)

1.1

Telefonaktiebolaget

LM

Ericsson

(177,069)

(952,305)

(12,702)

4.3

Telia

Co.

AB

(471,712)

(1,208,976)

(20,883)

7.0

Volvo

Car

AB

(140,377)

(531,465)

(16,986)

5.7

(a)

Represents

less

than

0.05%

of

swap

value.

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2024

151

INVESTMENTS

SHARES

VALUE

($)

SHORT-TERM

INVESTMENTS

-

87.0%

INVESTMENT

COMPANIES

-

24.7%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

5.16%

(1)(a)(b)

12,481,560

12,481,560

Limited

Purpose

Cash

Investment

Fund,

5.33%

(1)(a)

36,792,817

36,778,099

TOTAL

INVESTMENT

COMPANIES

(Cost

$49,256,149)

49,259,659

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

62.3%

U.S.

Treasury

Bills

5.49%,

4/4/2024

(c)

$

5,275,000

5,272,718

5.48%,

4/18/2024

(c)

22,234,000

22,178,734

5.47%,

4/25/2024

(c)

4,376,000

4,360,664

5.47%,

5/2/2024

(c)(d)

13,051,000

12,991,667

5.40%,

5/9/2024

(c)

565,000

561,858

5.21%,

6/27/2024

(c)

2,117,000

2,090,307

5.18%,

7/5/2024

(c)

2,562,000

2,526,929

5.16%,

7/11/2024

(c)

3,161,000

3,115,372

5.11%,

7/18/2024

(c)(d)

1,970,000

1,939,487

5.24%,

9/5/2024

(c)(d)

15,041,000

14,705,217

5.23%,

9/12/2024

(c)

20,000,000

19,535,151

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

62.3%

(continued)

5.27%,

9/19/2024

(c)

$

30,212,000

29,477,483

5.24%,

9/26/2024

(c)

5,660,000

5,516,761

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$124,274,497)

124,272,348

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$173,530,646)

173,532,007

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

87.0%

(Cost

$173,530,646)

173,532,007

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

13.0%

‡

25,827,548

NET

ASSETS

-

100.0%

199,359,555

SECURITY

TYPE

VALUE

%

OF

NET

ASSETS

Investment

Companies

$

49,259,659

24.7

%

U.S.

Treasury

Obligations

124,272,348

62.3

Total

Investments

In

Securities

At

Value

173,532,007

87.0

Other

Assets

in

Excess

of

Liabilities

‡

25,827,548

13.0

Net

Assets

$

199,359,555

100.0%

‡

Includes

appreciation/(depreciation)

on

forward

foreign

currency

exchange,

futures

and

swap

contracts.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2024.

(b)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts.

(c)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(d)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

All

securities

are

Level

2

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(1)

Level

1

security.

Credit

default

swap

contracts

outstanding

-

sell

protection

as

of

March

31,

2024

:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

RECEIVED

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Crossover

Index

Series

41.V1

5.00

%

Quarterly

6/20/2029

2.97

%

EUR

2,490,000

$

252,395

$

(12,156)

$

240,239

iTraxx

Europe

Main

Index

Series

41.V1

1.00

Quarterly

6/20/2029

0.54

EUR

6,895,000

167,763

(1,839)

165,924

Markit

CDX

North

America

High

Yield

Index

Series

42.V1

5.00

Quarterly

6/20/2029

3.34

USD

2,352,000

171,396

3,210

174,606

Markit

CDX

North

America

Investment

Grade

Index

Series

42.V1

1.00

Quarterly

6/20/2029

0.51

USD

6,182,000

141,572

(383)

141,189

733,126

(11,168)

721,958

Markit

CDX

North

America

Emerging

Markets

Index

Series

41.V1

1.00

%

Quarterly

6/20/2029

1.68

%

USD

2,100,000

$

(62,400)

$

(1,335)

$

(63,735)

(62,400)

(1,335)

(63,735)

$

670,726

$

(12,503)

$

658,223

152

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2024:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.50%

Semi

9/19/2029

CAD

21,300,000

$

67,556

$

38,213

$

105,769

Pay

1D

CORRA

Semi

3.50%

Semi

6/21/2034

CAD

3,000,000

9,136

3,963

13,099

Pay

1D

SARON

Annual

1.00%

Annual

6/17/2026

CHF

14,800,000

(20,845)

21,030

185

Pay

1D

SARON

Annual

1.00%

Annual

9/16/2026

CHF

29,000,000

25,917

(3,377)

22,540

Pay

1D

SOFR

Annual

4.00%

Annual

6/20/2029

USD

33,400,000

130,833

–

130,833

Pay

1D

SOFR

Annual

4.00%

Annual

9/19/2029

USD

29,400,000

191,821

54,838

246,659

Pay

1D

SONIA

Annual

4.00%

Annual

9/19/2029

GBP

4,200,000

51,471

35,353

86,824

Pay

1D

SONIA

Annual

4.00%

Annual

6/17/2054

GBP

500,000

20,700

17,098

37,798

Pay

1D

SONIA

Annual

4.00%

Annual

9/16/2054

GBP

1,600,000

94,139

33,130

127,269

Pay

1D

TONAR

Annual

1.50%

Annual

6/15/2044

JPY

140,000,000

12,263

12,864

25,127

Pay

1D

TONAR

Annual

1.50%

Annual

9/21/2044

JPY

402,200,000

49,538

10,799

60,337

Pay

3M

BBR

Qtrly

5.00%

Semi

9/16/2026

NZD

4,100,000

20,533

5,988

26,521

Pay

3M

BBR

Qtrly

4.50%

Semi

6/14/2034

NZD

3,600,000

(8,008)

35,746

27,738

Pay

3M

BBR

Qtrly

4.50%

Semi

9/13/2034

NZD

1,800,000

4,066

11,904

15,970

Pay

6M

BBR

Semi

4.50%

Semi

6/07/2029

AUD

3,800,000

6,956

53,706

60,662

Pay

6M

BBR

Semi

4.00%

Semi

6/07/2029

AUD

3,900,000

2,698

471

3,169

Pay

6M

BBR

Semi

4.00%

Semi

9/13/2029

AUD

800,000

(2,903)

4,101

1,198

Pay

6M

BBR

Semi

4.50%

Semi

6/08/2034

AUD

4,000,000

(5,208)

65,265

60,057

Pay

6M

BBR

Semi

5.00%

Semi

6/08/2034

AUD

1,200,000

36,619

13,354

49,973

Pay

6M

BBR

Semi

4.50%

Semi

9/07/2034

AUD

2,500,000

12,043

24,700

36,743

Pay

6M

EURIBOR

Semi

2.50%

Annual

9/16/2054

EUR

200,000

6,193

3,474

9,667

Pay

6M

NIBOR

Semi

4.00%

Annual

9/19/2029

NOK

2,900,000

3,154

(281)

2,873

Pay

6M

NIBOR

Semi

4.00%

Annual

9/20/2034

NOK

3,800,000

9,159

1,028

10,187

Pay

6M

WIBOR

Semi

5.00%

Annual

6/20/2029

PLN

1,200,000

1,119

617

1,736

Receive

1D

CORRA

Semi

4.00%

Semi

6/17/2026

CAD

8,900,000

4,526

–

4,526

Receive

1D

CORRA

Semi

3.50%

Semi

6/17/2026

CAD

26,800,000

95,989

76,633

172,622

Receive

1D

SARON

Annual

1.00%

Annual

9/19/2029

CHF

6,400,000

9,790

(1,654)

8,136

Receive

1D

SARON

Annual

1.00%

Annual

6/21/2034

CHF

2,000,000

52,817

(21,946)

30,871

Receive

1D

SOFR

Annual

4.00%

Annual

6/17/2026

USD

74,200,000

(222,928)

712,920

489,992

Receive

1D

SOFR

Annual

4.00%

Annual

9/16/2026

USD

107,800,000

199,745

109,292

309,037

Receive

1D

SONIA

Annual

4.00%

Annual

6/17/2026

GBP

9,300,000

82,590

(35,578)

47,012

Receive

1D

SONIA

Annual

4.00%

Annual

9/16/2026

GBP

30,200,000

136,235

(118,310)

17,925

Receive

1D

SONIA

Annual

3.50%

Annual

9/20/2034

GBP

2,900,000

61,577

(37,735)

23,842

Receive

1D

SORA

Semi

3.00%

Semi

9/16/2026

SGD

3,800,000

(1,441)

1,575

134

Receive

1D

TONAR

Annual

0.50%

Annual

6/20/2029

JPY

90,000,000

3,038

(2,286)

752

Receive

1M

TIIE

Monthly

9.00%

Monthly

6/17/2026

MXN

13,000,000

(1,209)

7,183

5,974

Receive

1M

TIIE

Monthly

9.00%

Monthly

9/17/2026

MXN

9,000,000

1,263

(752)

511

Receive

1M

TIIE

Monthly

8.50%

Monthly

9/12/2029

MXN

1,000,000

145

(53)

92

Receive

3M

BBR

Qtrly

4.00%

Semi

6/13/2029

NZD

3,400,000

14,101

6,515

20,616

Receive

3M

CD_KSDA

Qtrly

3.00%

Qtrly

6/17/2026

KRW

5,500,000,000

24,099

264

24,363

Receive

3M

CD_KSDA

Qtrly

3.00%

Qtrly

9/16/2026

KRW

1,500,000,000

4,658

663

5,321

Receive

3M

HIBOR

Qtrly

4.00%

Qtrly

9/16/2026

HKD

26,600,000

881

112

993

Receive

3M

JIBAR

Qtrly

8.00%

Qtrly

6/17/2026

ZAR

19,900,000

2,296

(29)

2,267

Receive

3M

JIBAR

Qtrly

8.00%

Qtrly

9/16/2026

ZAR

11,000,000

(737)

1,773

1,036

Receive

3M

JIBAR

Qtrly

8.50%

Qtrly

9/19/2029

ZAR

3,000,000

439

1,223

1,662

Receive

3M

STIBOR

Qtrly

2.50%

Annual

6/20/2029

SEK

28,300,000

(15,942)

34,253

18,311

Receive

3M

STIBOR

Qtrly

2.50%

Annual

9/19/2029

SEK

9,000,000

3,430

(465)

2,965

Receive

3M

TELBOR

Qtrly

3.50%

Annual

6/17/2026

ILS

2,100,000

12

2,817

2,829

Receive

3M

TELBOR

Qtrly

3.50%

Annual

9/16/2026

ILS

6,300,000

5,053

1,095

6,148

Receive

3M

TELBOR

Qtrly

3.50%

Annual

6/20/2029

ILS

300,000

618

704

1,322

Receive

3M

TELBOR

Qtrly

3.50%

Annual

9/20/2029

ILS

1,900,000

5,168

3,065

8,233

Receive

6M

EURIBOR

Semi

2.50%

Annual

6/17/2026

EUR

400,000

4,453

(613)

3,840

Receive

6M

NIBOR

Semi

3.50%

Annual

6/17/2026

NOK

6,000,000

4,227

3,800

8,027

Receive

6M

NIBOR

Semi

4.00%

Annual

6/17/2026

NOK

176,800,000

12,912

72,145

85,057

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

153

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

6M

NIBOR

Semi

4.00%

Annual

9/16/2026

NOK

272,500,000

$

97,940

$

(43,945)

$

53,995

Receive

6M

NIBOR

Semi

3.50%

Annual

6/21/2034

NOK

13,500,000

6,857

12,301

19,158

Receive

6M

WIBOR

Semi

5.00%

Annual

9/16/2026

PLN

5,300,000

572

1,156

1,728

1,312,124

1,230,107

2,542,231

Pay

1D

SARON

Annual

1.00%

Annual

9/20/2034

CHF

2,800,000

(52,552)

8,662

(43,890)

Pay

1D

SOFR

Annual

3.50%

Annual

6/17/2054

USD

600,000

(13,466)

4,069

(9,397)

Pay

1D

SOFR

Annual

3.50%

Annual

9/16/2054

USD

3,800,000

(37,625)

(3,145)

(40,770)

Pay

1D

SONIA

Annual

3.50%

Annual

6/21/2034

GBP

1,100,000

(23,963)

10,534

(13,429)

Pay

1D

TONAR

Annual

0.50%

Annual

9/19/2029

JPY

3,554,900,000

(127,368)

54,525

(72,843)

Pay

3M

BBR

Qtrly

4.50%

Semi

6/10/2026

NZD

11,100,000

(26,336)

10,479

(15,857)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2034

NZD

700,000

(12,674)

1,117

(11,557)

Pay

3M

STIBOR

Qtrly

3.00%

Annual

6/17/2026

SEK

32,200,000

(1,500)

(1,144)

(2,644)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2034

SEK

7,000,000

(5,548)

(917)

(6,465)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2034

SEK

21,000,000

(19,569)

5,515

(14,054)

Pay

6M

BUBOR

Semi

5.00%

Annual

9/16/2026

HUF

230,000,000

(4,943)

(10,173)

(15,116)

Pay

6M

BUBOR

Semi

6.00%

Annual

9/19/2029

HUF

71,400,000

(2,091)

(197)

(2,288)

Pay

6M

EURIBOR

Semi

2.50%

Annual

9/19/2029

EUR

7,400,000

(35,133)

29,196

(5,937)

Pay

6M

EURIBOR

Semi

2.50%

Annual

6/21/2034

EUR

2,300,000

(32,659)

21,350

(11,309)

Pay

6M

EURIBOR

Semi

2.50%

Annual

9/20/2034

EUR

3,900,000

(58,754)

51,599

(7,155)

Pay

6M

NIBOR

Semi

3.50%

Annual

6/20/2029

NOK

43,000,000

(15,071)

(44,071)

(59,142)

Pay

6M

NIBOR

Semi

3.50%

Annual

9/20/2034

NOK

5,000,000

(5,156)

(280)

(5,436)

Pay

6M

PRIBOR

Semi

3.00%

Annual

6/20/2029

CZK

5,200,000

(4,819)

(990)

(5,809)

Pay

6M

PRIBOR

Semi

3.00%

Annual

9/19/2029

CZK

1,000,000

(148)

(768)

(916)

Receive

1D

CORRA

Semi

4.00%

Semi

9/16/2026

CAD

77,900,000

(200,052)

(25,541)

(225,593)

Receive

1D

CORRA

Semi

3.50%

Semi

6/20/2029

CAD

800,000

(1,906)

219

(1,687)

Receive

1D

CORRA

Semi

3.50%

Semi

9/20/2034

CAD

4,500,000

(10,454)

(18,680)

(29,134)

Receive

1D

SOFR

Annual

4.00%

Annual

6/21/2034

USD

7,200,000

(118,405)

(3,643)

(122,048)

Receive

1D

SOFR

Annual

4.00%

Annual

9/20/2034

USD

9,300,000

(144,283)

(43,900)

(188,183)

Receive

1D

SONIA

Annual

4.00%

Annual

6/20/2029

GBP

1,600,000

(23,985)

(1,084)

(25,069)

Receive

1D

SORA

Semi

3.00%

Semi

9/19/2029

SGD

1,700,000

(4,764)

1,150

(3,614)

Receive

1D

TONAR

Annual

0.50%

Annual

6/17/2026

JPY

5,430,000,000

(102,436)

(16,357)

(118,793)

Receive

1D

TONAR

Annual

0.50%

Annual

9/16/2026

JPY

19,830,500,000

(248,264)

(61,758)

(310,022)

Receive

1D

TONAR

Annual

1.00%

Annual

6/21/2034

JPY

405,900,000

(6,213)

(28,507)

(34,720)

Receive

1D

TONAR

Annual

1.00%

Annual

9/20/2034

JPY

843,800,000

(31,001)

(22,462)

(53,463)

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/11/2026

AUD

8,300,000

(15,669)

(51,837)

(67,506)

Receive

3M

BBR

Qtrly

4.00%

Qtrly

6/11/2026

AUD

33,300,000

(117,647)

52,068

(65,579)

Receive

3M

BBR

Qtrly

4.00%

Qtrly

9/10/2026

AUD

36,200,000

(71,020)

(38,252)

(109,272)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/16/2026

NZD

1,900,000

(2,110)

331

(1,779)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/13/2029

NZD

5,300,000

26,498

(64,169)

(37,671)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/12/2029

NZD

3,200,000

(14,115)

(14,681)

(28,796)

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/16/2026

KRW

10,500,000,000

(36,832)

(84)

(36,916)

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/20/2029

KRW

1,479,400,000

(14,215)

2

(14,213)

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/19/2029

KRW

3,789,500,000

(33,067)

(5,208)

(38,275)

Receive

3M

HIBOR

Qtrly

4.00%

Qtrly

9/19/2029

HKD

10,000,000

(10,064)

(1,534)

(11,598)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/16/2026

SEK

272,000,000

(72,098)

12,388

(59,710)

Receive

6M

BBR

Semi

4.50%

Semi

6/09/2044

AUD

300,000

1,755

(5,822)

(4,067)

Receive

6M

BBR

Semi

4.50%

Semi

9/08/2044

AUD

700,000

1,120

(10,807)

(9,687)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/17/2026

EUR

200,000

(135)

12

(123)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/16/2026

EUR

52,000,000

(190,750)

(31,063)

(221,813)

Receive

6M

EURIBOR

Semi

2.50%

Annual

6/17/2054

EUR

900,000

(9,789)

(29,453)

(39,242)

(1,929,276)

(273,311)

(2,202,587)

$

(617,152)

$

956,796

$

339,644

154

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

Abbreviations:

1D:

1

Day

1M:

1

Month

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

(a)

Floating

rate

indices

at

March

31,

2024

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

5.05%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

5.34%

1

Day

Singapore

Overnight

Rate

Average

(“SORA”):

3.69%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

5.19%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

1.46%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.08%

1

Month

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIE”):

11.25%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.34%

3

Month

Hong

Kong

Interbank

Offered

Rate

(“HIBOR”):

4.72%

3

Month

Johannesburg

Interbank

Agreed

Rate

(“JIBAR”):

8.35%

3

Month

Korean

Certificate

of

Deposit

(“CD_KSDA”):

3.64%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

4.03%

3

Month

Tel

Aviv

Interbank

Offer

Rate

(“TELBOR”):

4.35%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.50%

6

Month

Budapest

Interbank

Offered

Rate

(“BUBOR”):

7.58%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

3.85%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.87%

6

Month

Prague

Interbank

Offered

Rate

(“PRIBOR”):

5.23%

6

Month

Warsaw

Interbank

Offered

Rate

(“WIBOR”):

5.76%

Total

return

swap

contracts

outstanding

as

of

March

31,

2024

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Amsterdam

Exchange

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/19/2024

EUR

883,280

$

20,396

HSCEI

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/29/2024

HKD

3,197,700

557

HSCEI

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/29/2024

HKD

21,802,500

13,835

KOSPI

200

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/13/2024

KRW

469,625,000

13,285

KOSPI

200

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

06/13/2024

KRW

7,514,000,000

211,189

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

155

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Swiss

Market

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

Monthly

MLIN

06/21/2024

CHF

2,908,750

$

33,520

Total

unrealized

appreciation

292,782

iBovespa

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/17/2024

BRL

27,046,740

(89,467)

Total

unrealized

depreciation

(89,467)

Net

unrealized

appreciation

$

203,315

Futures

contracts

outstanding

as

of

March

31,

2024:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

75

4/2024

USD

$

6,525,000

$

274,868

CAC

40

10

Euro

Index

76

4/2024

EUR

6,742,661

71,958

CBOE

Volatility

Index

16

4/2024

USD

229,899

(11,203)

HSCEI

22

4/2024

HKD

817,105

2,160

IBEX

35

Index

27

4/2024

EUR

3,223,730

187,026

IFSC

NIFTY

50

Index

29

4/2024

USD

1,303,927

11,933

LME

Aluminum

Base

Metal

3

4/2024

USD

173,019

10,693

LME

Aluminum

Base

Metal

6

4/2024

USD

346,038

18,014

LME

Aluminum

Base

Metal

11

4/2024

USD

631,590

8,957

LME

Aluminum

Base

Metal

11

4/2024

USD

635,176

14,133

LME

Aluminum

Base

Metal

11

4/2024

USD

634,953

17,751

LME

Aluminum

Base

Metal

11

4/2024

USD

636,138

9,053

LME

Aluminum

Base

Metal

16

4/2024

USD

923,732

31,040

LME

Aluminum

Base

Metal

16

4/2024

USD

924,992

23,305

LME

Aluminum

Base

Metal

17

4/2024

USD

978,550

34,999

LME

Aluminum

Base

Metal

17

4/2024

USD

980,441

56,355

LME

Aluminum

Base

Metal

25

4/2024

USD

1,437,431

34,318

LME

Aluminum

Base

Metal

25

4/2024

USD

1,436,931

33,244

LME

Aluminum

Base

Metal

30

4/2024

USD

1,726,185

44,145

LME

Copper

Base

Metal

1

4/2024

USD

219,724

12,972

LME

Copper

Base

Metal

1

4/2024

USD

219,949

5,846

LME

Copper

Base

Metal

2

4/2024

USD

439,504

21,124

LME

Copper

Base

Metal

5

4/2024

USD

1,096,789

47,558

LME

Copper

Base

Metal

5

4/2024

USD

1,100,811

20,024

LME

Copper

Base

Metal

6

4/2024

USD

1,320,761

42,444

LME

Copper

Base

Metal

7

4/2024

USD

1,540,138

43,974

LME

Copper

Base

Metal

7

4/2024

USD

1,534,710

58,419

LME

Copper

Base

Metal

8

4/2024

USD

1,755,788

71,953

LME

Copper

Base

Metal

9

4/2024

USD

1,974,562

84,328

LME

Copper

Base

Metal

10

4/2024

USD

2,199,843

57,097

LME

Copper

Base

Metal

10

4/2024

USD

2,196,960

119,175

LME

Copper

Base

Metal

15

4/2024

USD

3,292,703

148,789

LME

Lead

Base

Metal

1

4/2024

USD

50,634

(631)

LME

Lead

Base

Metal

1

4/2024

USD

50,894

(3,300)

LME

Lead

Base

Metal

1

4/2024

USD

50,798

(886)

156

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Lead

Base

Metal

2

4/2024

USD

$

101,659

$

(6,048)

LME

Lead

Base

Metal

2

4/2024

USD

101,496

(3,076)

LME

Lead

Base

Metal

2

4/2024

USD

101,471

(4,163)

LME

Lead

Base

Metal

2

4/2024

USD

101,634

(6,834)

LME

Lead

Base

Metal

2

4/2024

USD

101,691

(5,514)

LME

Lead

Base

Metal

3

4/2024

USD

152,397

(2,103)

LME

Lead

Base

Metal

3

4/2024

USD

152,400

(4,813)

LME

Nickel

Base

Metal

1

4/2024

USD

99,770

587

LME

Nickel

Base

Metal

2

4/2024

USD

199,571

3,125

LME

Nickel

Base

Metal

4

4/2024

USD

398,328

12,755

LME

Nickel

Base

Metal

5

4/2024

USD

498,067

11,838

LME

Nickel

Base

Metal

6

4/2024

USD

598,337

(4,752)

LME

Nickel

Base

Metal

6

4/2024

USD

598,243

(1,146)

LME

Nickel

Base

Metal

7

4/2024

USD

696,319

14,386

LME

Nickel

Base

Metal

7

4/2024

USD

696,508

9,277

LME

Nickel

Base

Metal

7

4/2024

USD

697,184

20,538

LME

Nickel

Base

Metal

8

4/2024

USD

796,117

9,997

LME

Tin

Base

Metal

1

4/2024

USD

137,620

14,802

LME

Zinc

Base

Metal

1

4/2024

USD

60,259

(3,536)

LME

Zinc

Base

Metal

1

4/2024

USD

60,123

(2,030)

LME

Zinc

Base

Metal

1

4/2024

USD

60,008

(2,790)

LME

Zinc

Base

Metal

7

4/2024

USD

419,932

(20,340)

LME

Zinc

Base

Metal

7

4/2024

USD

419,685

(20,919)

LME

Zinc

Base

Metal

8

4/2024

USD

479,500

(22,553)

LME

Zinc

Base

Metal

9

4/2024

USD

538,961

(34,868)

LME

Zinc

Base

Metal

11

4/2024

USD

661,012

(27,021)

LME

Zinc

Base

Metal

12

4/2024

USD

721,293

(12,768)

NY

Harbor

ULSD

24

4/2024

USD

2,643,682

15,336

RBOB

Gasoline

44

4/2024

USD

5,027,669

209,145

SGX

FTSE

China

A50

Index

821

4/2024

USD

9,950,519

(37,599)

SGX

FTSE

Taiwan

Index

69

4/2024

USD

4,761,000

5,930

Sugar

No.

11

73

4/2024

USD

1,841,235

40,127

WTI

Crude

Oil

104

4/2024

USD

8,649,680

482,650

Cocoa

14

5/2024

USD

1,367,240

695,072

Cocoa

24

5/2024

GBP

2,506,933

1,082,925

Coffee

'C'

30

5/2024

USD

2,124,563

30,357

Cotton

No.

2

38

5/2024

USD

1,736,220

(56,388)

Crude

Oil

3

5/2024

USD

258,423

17,009

Fcoj-a

2

5/2024

USD

108,975

(820)

Feeder

Cattle

6

5/2024

USD

746,100

(23,787)

LME

Aluminum

Base

Metal

2

5/2024

USD

116,049

4,793

LME

Aluminum

Base

Metal

11

5/2024

USD

637,995

27,153

LME

Aluminum

Base

Metal

12

5/2024

USD

696,144

28,204

LME

Aluminum

Base

Metal

13

5/2024

USD

752,044

19,959

LME

Aluminum

Base

Metal

14

5/2024

USD

811,118

29,362

LME

Aluminum

Base

Metal

15

5/2024

USD

870,368

34,542

LME

Aluminum

Base

Metal

15

5/2024

USD

870,461

25,494

LME

Aluminum

Base

Metal

15

5/2024

USD

869,243

38,387

LME

Aluminum

Base

Metal

25

5/2024

USD

1,450,925

66,942

LME

Aluminum

Base

Metal

41

5/2024

USD

2,374,946

97,366

LME

Aluminum

Base

Metal

58

5/2024

USD

3,370,047

195,198

LME

Copper

Base

Metal

1

5/2024

USD

220,198

7,070

LME

Copper

Base

Metal

1

5/2024

USD

220,664

14,136

LME

Copper

Base

Metal

5

5/2024

USD

1,103,318

50,511

LME

Copper

Base

Metal

5

5/2024

USD

1,103,054

76,759

LME

Copper

Base

Metal

5

5/2024

USD

1,102,411

54,186

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

157

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Copper

Base

Metal

6

5/2024

USD

$

1,324,776

$

39,858

LME

Copper

Base

Metal

9

5/2024

USD

1,986,939

61,116

LME

Copper

Base

Metal

24

5/2024

USD

5,305,146

218,208

LME

Lead

Base

Metal

1

5/2024

USD

51,125

823

LME

Lead

Base

Metal

1

5/2024

USD

51,164

(689)

LME

Lead

Base

Metal

1

5/2024

USD

51,038

(1,105)

LME

Lead

Base

Metal

1

5/2024

USD

51,154

26

LME

Lead

Base

Metal

1

5/2024

USD

51,023

(2,184)

LME

Lead

Base

Metal

2

5/2024

USD

101,885

(5,109)

LME

Nickel

Base

Metal

2

5/2024

USD

199,994

3,508

LME

Nickel

Base

Metal

2

5/2024

USD

199,925

3,259

LME

Nickel

Base

Metal

2

5/2024

USD

199,790

6,069

LME

Nickel

Base

Metal

3

5/2024

USD

299,919

3,259

LME

Nickel

Base

Metal

3

5/2024

USD

299,403

8,154

LME

Nickel

Base

Metal

3

5/2024

USD

300,351

(883)

LME

Nickel

Base

Metal

6

5/2024

USD

600,737

(19,283)

LME

Nickel

Base

Metal

12

5/2024

USD

1,203,287

(45,087)

LME

Zinc

Base

Metal

2

5/2024

USD

121,112

1,144

LME

Zinc

Base

Metal

4

5/2024

USD

242,259

2,523

LME

Zinc

Base

Metal

4

5/2024

USD

242,069

8,595

LME

Zinc

Base

Metal

5

5/2024

USD

302,399

13,734

LME

Zinc

Base

Metal

5

5/2024

USD

301,963

2,948

LME

Zinc

Base

Metal

5

5/2024

USD

302,053

12,788

LME

Zinc

Base

Metal

5

5/2024

USD

302,498

13,902

LME

Zinc

Base

Metal

6

5/2024

USD

362,891

12,923

LME

Zinc

Base

Metal

8

5/2024

USD

484,942

418

LME

Zinc

Base

Metal

12

5/2024

USD

724,497

(1,478)

Low

Sulphur

Gasoil

78

5/2024

USD

6,302,400

94,413

Mont

Belvieu

Propane

20

5/2024

USD

697,200

34,691

Robusta

Coffee

21

5/2024

USD

730,590

56,091

100

oz

Gold

35

6/2024

USD

7,834,400

167,006

Australia

10

Year

Bond

29

6/2024

AUD

2,199,639

(2,545)

Crude

Oil

7

6/2024

USD

596,302

9,613

Crude

Palm

Oil

31

6/2024

MYR

677,245

3,124

DJIA

CBOT

E-Mini

Index

15

6/2024

USD

3,013,200

36,272

Euro

STOXX

50

Index

89

6/2024

EUR

4,844,090

142,279

FTSE

100

Index

38

6/2024

GBP

3,831,181

117,728

FTSE/MIB

Index

46

6/2024

EUR

8,488,964

253,380

KOSPI

200

Index

10

6/2024

KRW

697,679

26,262

Lean

Hogs

27

6/2024

USD

1,095,660

477

Live

Cattle

19

6/2024

USD

1,369,900

(33,205)

LME

Aluminum

Base

Metal

12

6/2024

USD

701,100

15,390

LME

Aluminum

Base

Metal

12

6/2024

USD

699,942

19,395

LME

Aluminum

Base

Metal

14

6/2024

USD

816,074

29,446

LME

Aluminum

Base

Metal

17

6/2024

USD

991,160

30,179

LME

Aluminum

Base

Metal

18

6/2024

USD

1,051,488

7,910

LME

Aluminum

Base

Metal

21

6/2024

USD

1,223,061

39,774

LME

Aluminum

Base

Metal

26

6/2024

USD

1,518,933

13,590

LME

Aluminum

Base

Metal

51

6/2024

USD

2,976,347

46,037

LME

Aluminum

Base

Metal

171

6/2024

USD

9,980,586

207,139

LME

Copper

Base

Metal

2

6/2024

USD

443,016

(8,340)

LME

Copper

Base

Metal

2

6/2024

USD

443,275

2,183

LME

Copper

Base

Metal

2

6/2024

USD

442,785

12,031

LME

Copper

Base

Metal

3

6/2024

USD

664,490

(6,228)

LME

Copper

Base

Metal

8

6/2024

USD

1,769,908

42,865

LME

Copper

Base

Metal

14

6/2024

USD

3,100,759

31,183

158

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Lead

Base

Metal

1

6/2024

USD

$

51,286

$

(1,891)

LME

Lead

Base

Metal

1

6/2024

USD

51,375

1,285

LME

Lead

Base

Metal

1

6/2024

USD

51,369

1,266

LME

Lead

Base

Metal

1

6/2024

USD

51,276

(1,120)

LME

Lead

Base

Metal

2

6/2024

USD

102,601

(3,716)

LME

Lead

Base

Metal

2

6/2024

USD

102,551

(4,441)

LME

Lead

Base

Metal

2

6/2024

USD

102,651

1,071

LME

Lead

Base

Metal

3

6/2024

USD

153,764

687

LME

Lead

Base

Metal

4

6/2024

USD

205,152

1,104

LME

Lead

Base

Metal

13

6/2024

USD

667,069

(10,253)

LME

Nickel

Base

Metal

3

6/2024

USD

301,326

(26,311)

LME

Nickel

Base

Metal

5

6/2024

USD

502,240

(49,870)

LME

Nickel

Base

Metal

5

6/2024

USD

502,120

(34,865)

LME

Nickel

Base

Metal

6

6/2024

USD

602,796

(12,363)

LME

Nickel

Base

Metal

12

6/2024

USD

1,205,141

(49,243)

LME

Nickel

Base

Metal

13

6/2024

USD

1,305,745

(110,990)

LME

Zinc

Base

Metal

2

6/2024

USD

121,950

912

LME

Zinc

Base

Metal

4

6/2024

USD

243,322

(13,014)

LME

Zinc

Base

Metal

7

6/2024

USD

425,556

(20,521)

LME

Zinc

Base

Metal

10

6/2024

USD

609,563

(12,762)

LME

Zinc

Base

Metal

15

6/2024

USD

911,048

(37,318)

LME

Zinc

Base

Metal

17

6/2024

USD

1,033,736

(54,681)

LME

Zinc

Base

Metal

19

6/2024

USD

1,157,062

(33,332)

LME

Zinc

Base

Metal

59

6/2024

USD

3,591,876

(143,906)

MSCI

EAFE

E-Mini

Index

53

6/2024

USD

6,246,314

63,059

MSCI

Emerging

Markets

E-Mini

Index

150

6/2024

USD

7,867,500

(4,585)

NASDAQ

100

E-Mini

Index

6

6/2024

USD

2,217,000

(10,852)

Russell

2000

E-Mini

Index

2

6/2024

USD

214,590

398

S&P

500

E-Mini

Index

19

6/2024

USD

5,043,075

58,561

S&P

Midcap

400

E-Mini

Index

10

6/2024

USD

3,077,400

91,407

S&P/TSX

60

Index

28

6/2024

CAD

5,545,635

65,500

SPI

200

Index

5

6/2024

AUD

647,659

6,379

TOPIX

Index

13

6/2024

JPY

2,361,177

46,126

Aluminum

4

7/2024

USD

232,750

2,999

Cocoa

3

7/2024

USD

279,180

(519)

Cocoa

18

7/2024

GBP

1,755,020

27,339

Robusta

Coffee

5

7/2024

USD

169,800

(1,694)

White

Sugar

13

7/2024

USD

410,085

1,871

Crude

Oil

42

8/2024

JPY

1,068,450

71,783

90-Day

New

Zealand

Bill

2

9/2024

NZD

1,179,687

79

3

Month

SARON

24

12/2024

CHF

6,581,139

5,238

3

Month

SONIA

13

12/2024

GBP

3,910,015

1,474

3

Month

SARON

20

3/2025

CHF

5,491,213

4,669

3

Month

SARON

21

6/2025

CHF

5,768,102

2,127

3

Month

SARON

14

9/2025

CHF

3,845,013

(469)

Total

of

long

contracts

6,285,880

Short

Contracts

EURO

STOXX

50

Volatility

Index

(118)

4/2024

EUR

(180,136)

15,829

Hang

Seng

Index

(33)

4/2024

HKD

(3,493,145)

(340)

LME

Aluminum

Base

Metal

(3)

4/2024

USD

(173,019)

(10,551)

LME

Aluminum

Base

Metal

(6)

4/2024

USD

(346,038)

(17,593)

LME

Aluminum

Base

Metal

(11)

4/2024

USD

(636,138)

(10,741)

LME

Aluminum

Base

Metal

(11)

4/2024

USD

(635,176)

(16,441)

LME

Aluminum

Base

Metal

(11)

4/2024

USD

(631,590)

(7,377)

LME

Aluminum

Base

Metal

(11)

4/2024

USD

(634,953)

(14,448)

LME

Aluminum

Base

Metal

(16)

4/2024

USD

(923,732)

(30,480)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

159

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Aluminum

Base

Metal

(16)

4/2024

USD

$

(924,992)

$

(23,086)

LME

Aluminum

Base

Metal

(17)

4/2024

USD

(980,441)

(56,745)

LME

Aluminum

Base

Metal

(17)

4/2024

USD

(978,550)

(32,169)

LME

Aluminum

Base

Metal

(25)

4/2024

USD

(1,436,931)

(31,658)

LME

Aluminum

Base

Metal

(25)

4/2024

USD

(1,437,431)

(34,078)

LME

Aluminum

Base

Metal

(30)

4/2024

USD

(1,726,185)

(47,007)

LME

Copper

Base

Metal

(1)

4/2024

USD

(219,949)

(5,946)

LME

Copper

Base

Metal

(1)

4/2024

USD

(219,724)

(12,912)

LME

Copper

Base

Metal

(2)

4/2024

USD

(439,504)

(21,770)

LME

Copper

Base

Metal

(5)

4/2024

USD

(1,100,811)

(20,977)

LME

Copper

Base

Metal

(5)

4/2024

USD

(1,096,789)

(45,786)

LME

Copper

Base

Metal

(6)

4/2024

USD

(1,320,761)

(46,301)

LME

Copper

Base

Metal

(7)

4/2024

USD

(1,534,710)

(54,962)

LME

Copper

Base

Metal

(7)

4/2024

USD

(1,540,138)

(43,057)

LME

Copper

Base

Metal

(8)

4/2024

USD

(1,755,788)

(73,613)

LME

Copper

Base

Metal

(9)

4/2024

USD

(1,974,562)

(84,859)

LME

Copper

Base

Metal

(10)

4/2024

USD

(2,199,843)

(52,680)

LME

Copper

Base

Metal

(10)

4/2024

USD

(2,196,960)

(121,981)

LME

Copper

Base

Metal

(15)

4/2024

USD

(3,292,703)

(147,700)

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,894)

3,329

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,798)

1,081

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,634)

913

LME

Lead

Base

Metal

(2)

4/2024

USD

(101,634)

7,611

LME

Lead

Base

Metal

(2)

4/2024

USD

(101,691)

5,054

LME

Lead

Base

Metal

(2)

4/2024

USD

(101,471)

4,074

LME

Lead

Base

Metal

(2)

4/2024

USD

(101,496)

3,599

LME

Lead

Base

Metal

(2)

4/2024

USD

(101,659)

6,011

LME

Lead

Base

Metal

(3)

4/2024

USD

(152,400)

4,117

LME

Lead

Base

Metal

(3)

4/2024

USD

(152,397)

1,551

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,770)

(652)

LME

Nickel

Base

Metal

(2)

4/2024

USD

(199,571)

(3,515)

LME

Nickel

Base

Metal

(4)

4/2024

USD

(398,328)

(13,140)

LME

Nickel

Base

Metal

(5)

4/2024

USD

(498,067)

(11,557)

LME

Nickel

Base

Metal

(6)

4/2024

USD

(598,337)

5,365

LME

Nickel

Base

Metal

(6)

4/2024

USD

(598,243)

1,139

LME

Nickel

Base

Metal

(7)

4/2024

USD

(696,319)

(14,645)

LME

Nickel

Base

Metal

(7)

4/2024

USD

(696,508)

(6,734)

LME

Nickel

Base

Metal

(7)

4/2024

USD

(697,184)

(18,863)

LME

Nickel

Base

Metal

(8)

4/2024

USD

(796,117)

(12,924)

LME

Tin

Base

Metal

(1)

4/2024

USD

(137,620)

(14,781)

LME

Zinc

Base

Metal

(1)

4/2024

USD

(60,123)

1,560

LME

Zinc

Base

Metal

(1)

4/2024

USD

(60,008)

2,814

LME

Zinc

Base

Metal

(1)

4/2024

USD

(60,259)

3,613

LME

Zinc

Base

Metal

(7)

4/2024

USD

(419,932)

21,372

LME

Zinc

Base

Metal

(7)

4/2024

USD

(419,685)

21,644

LME

Zinc

Base

Metal

(8)

4/2024

USD

(479,500)

21,378

LME

Zinc

Base

Metal

(9)

4/2024

USD

(538,961)

32,625

LME

Zinc

Base

Metal

(11)

4/2024

USD

(661,012)

23,192

LME

Zinc

Base

Metal

(12)

4/2024

USD

(721,293)

14,593

MSCI

Singapore

Index

(37)

4/2024

SGD

(796,997)

1,397

Natural

Gas

(10)

4/2024

EUR

(219,448)

8,866

Natural

Gas

(385)

4/2024

USD

(6,787,550)

323,891

OMXS30

Index

(26)

4/2024

SEK

(613,201)

(12,613)

Rapeseed

(5)

4/2024

EUR

(118,134)

(6,946)

Canola

(64)

5/2024

CAD

(591,925)

(32,045)

CBOE

Volatility

Index

(14)

5/2024

USD

(215,859)

9,990

160

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

Copper

(151)

5/2024

USD

$

(15,126,425)

$

(502,371)

Corn

(232)

5/2024

USD

(5,127,200)

10,632

Ethanol

(5)

5/2024

USD

(353,325)

5,717

EURO

STOXX

50

Volatility

Index

(20)

5/2024

EUR

(33,121)

1,569

French

Base

Electricity

(3)

5/2024

EUR

(70,241)

33,058

Italian

Base

Electricity

(2)

5/2024

EUR

(125,665)

3,874

KC

HRW

Wheat

(60)

5/2024

USD

(1,755,750)

37,904

LME

Aluminum

Base

Metal

(2)

5/2024

USD

(116,049)

(4,746)

LME

Aluminum

Base

Metal

(11)

5/2024

USD

(637,995)

(29,902)

LME

Aluminum

Base

Metal

(12)

5/2024

USD

(696,144)

(31,882)

LME

Aluminum

Base

Metal

(13)

5/2024

USD

(752,044)

(19,927)

LME

Aluminum

Base

Metal

(14)

5/2024

USD

(811,118)

(27,510)

LME

Aluminum

Base

Metal

(15)

5/2024

USD

(869,243)

(38,521)

LME

Aluminum

Base

Metal

(15)

5/2024

USD

(870,368)

(32,287)

LME

Aluminum

Base

Metal

(15)

5/2024

USD

(870,461)

(28,696)

LME

Aluminum

Base

Metal

(25)

5/2024

USD

(1,450,925)

(71,702)

LME

Aluminum

Base

Metal

(41)

5/2024

USD

(2,374,946)

(102,711)

LME

Aluminum

Base

Metal

(58)

5/2024

USD

(3,370,047)

(196,795)

LME

Copper

Base

Metal

(1)

5/2024

USD

(220,664)

(14,841)

LME

Copper

Base

Metal

(1)

5/2024

USD

(220,198)

(6,877)

LME

Copper

Base

Metal

(5)

5/2024

USD

(1,103,054)

(79,010)

LME

Copper

Base

Metal

(5)

5/2024

USD

(1,103,318)

(55,143)

LME

Copper

Base

Metal

(5)

5/2024

USD

(1,102,411)

(53,435)

LME

Copper

Base

Metal

(6)

5/2024

USD

(1,324,776)

(41,714)

LME

Copper

Base

Metal

(9)

5/2024

USD

(1,986,939)

(61,985)

LME

Copper

Base

Metal

(24)

5/2024

USD

(5,305,146)

(220,569)

LME

Lead

Base

Metal

(1)

5/2024

USD

(51,125)

(802)

LME

Lead

Base

Metal

(1)

5/2024

USD

(51,023)

2,256

LME

Lead

Base

Metal

(1)

5/2024

USD

(51,164)

774

LME

Lead

Base

Metal

(1)

5/2024

USD

(51,154)

206

LME

Lead

Base

Metal

(1)

5/2024

USD

(51,038)

1,335

LME

Lead

Base

Metal

(2)

5/2024

USD

(101,885)

4,860

LME

Nickel

Base

Metal

(2)

5/2024

USD

(199,790)

(6,769)

LME

Nickel

Base

Metal

(2)

5/2024

USD

(199,925)

(4,058)

LME

Nickel

Base

Metal

(2)

5/2024

USD

(199,994)

(4,280)

LME

Nickel

Base

Metal

(3)

5/2024

USD

(299,403)

(7,834)

LME

Nickel

Base

Metal

(3)

5/2024

USD

(300,351)

(120)

LME

Nickel

Base

Metal

(3)

5/2024

USD

(299,919)

(3,108)

LME

Nickel

Base

Metal

(6)

5/2024

USD

(600,737)

17,522

LME

Nickel

Base

Metal

(12)

5/2024

USD

(1,203,287)

43,237

LME

Zinc

Base

Metal

(2)

5/2024

USD

(121,112)

(1,129)

LME

Zinc

Base

Metal

(4)

5/2024

USD

(242,259)

(2,456)

LME

Zinc

Base

Metal

(4)

5/2024

USD

(242,069)

(7,568)

LME

Zinc

Base

Metal

(5)

5/2024

USD

(302,498)

(13,476)

LME

Zinc

Base

Metal

(5)

5/2024

USD

(302,399)

(5,737)

LME

Zinc

Base

Metal

(5)

5/2024

USD

(302,053)

(12,688)

LME

Zinc

Base

Metal

(5)

5/2024

USD

(301,963)

(6,486)

LME

Zinc

Base

Metal

(6)

5/2024

USD

(362,891)

(15,733)

LME

Zinc

Base

Metal

(8)

5/2024

USD

(484,942)

(77)

LME

Zinc

Base

Metal

(12)

5/2024

USD

(724,497)

2,238

Milling

Wheat

No.

2

(55)

5/2024

EUR

(603,751)

(2,371)

Phelix

De

Base

Electricity

(3)

5/2024

EUR

(124,060)

7,696

Red

Wheat

(21)

5/2024

USD

(677,250)

41,686

SGX

Iron

Ore

(5)

5/2024

USD

(50,520)

2,129

Silver

(2)

5/2024

USD

(249,160)

(2,827)

Soybean

(353)

5/2024

USD

(21,029,975)

125,095

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

161

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

Soybean

Meal

(98)

5/2024

USD

$

(3,309,460)

$

46,709

Soybean

Oil

(92)

5/2024

USD

(2,646,840)

(16,838)

Wheat

(137)

5/2024

USD

(3,837,713)

(68,999)

Australia

3

Year

Bond

(59)

6/2024

AUD

(4,108,307)

(6,327)

Canada

10

Year

Bond

(83)

6/2024

CAD

(7,364,025)

(36,068)

CBOE

Volatility

Index

(17)

6/2024

USD

(274,525)

9,106

DAX

Index

(4)

6/2024

EUR

(2,025,649)

(46,842)

Euro-Bobl

(20)

6/2024

EUR

(2,549,970)

(4,362)

Euro-BTP

(24)

6/2024

EUR

(3,076,276)

5,516

Euro-Bund

(1)

6/2024

EUR

(143,757)

(495)

Euro-Buxl

(12)

6/2024

EUR

(1,754,210)

(39,150)

Euro-OAT

(37)

6/2024

EUR

(5,110,631)

(1,164)

Euro-Schatz

(117)

6/2024

EUR

(13,338,874)

11,294

French

Base

Electricity

(1)

6/2024

EUR

(134,184)

15,808

FTSE/JSE

Top

40

Index

(23)

6/2024

ZAR

(837,023)

(21,371)

Italian

Base

Electricity

(1)

6/2024

EUR

(217,248)

(1,372)

Japan

10

Year

Bond

(9)

6/2024

JPY

(8,667,658)

(41,337)

LME

Aluminum

Base

Metal

(12)

6/2024

USD

(699,942)

(18,678)

LME

Aluminum

Base

Metal

(12)

6/2024

USD

(701,100)

(15,936)

LME

Aluminum

Base

Metal

(14)

6/2024

USD

(816,074)

(31,766)

LME

Aluminum

Base

Metal

(17)

6/2024

USD

(991,160)

(30,305)

LME

Aluminum

Base

Metal

(18)

6/2024

USD

(1,051,488)

(11,101)

LME

Aluminum

Base

Metal

(21)

6/2024

USD

(1,223,061)

(43,549)

LME

Aluminum

Base

Metal

(26)

6/2024

USD

(1,518,933)

(6,667)

LME

Aluminum

Base

Metal

(51)

6/2024

USD

(2,976,347)

(52,170)

LME

Aluminum

Base

Metal

(165)

6/2024

USD

(9,630,390)

(531,878)

LME

Copper

Base

Metal

(2)

6/2024

USD

(443,275)

(1,480)

LME

Copper

Base

Metal

(2)

6/2024

USD

(443,016)

7,479

LME

Copper

Base

Metal

(2)

6/2024

USD

(442,785)

(13,640)

LME

Copper

Base

Metal

(3)

6/2024

USD

(664,490)

6,578

LME

Copper

Base

Metal

(8)

6/2024

USD

(1,769,908)

(46,854)

LME

Copper

Base

Metal

(49)

6/2024

USD

(10,852,655)

(430,194)

LME

Lead

Base

Metal

(1)

6/2024

USD

(51,369)

(1,224)

LME

Lead

Base

Metal

(1)

6/2024

USD

(51,276)

972

LME

Lead

Base

Metal

(1)

6/2024

USD

(51,375)

(979)

LME

Lead

Base

Metal

(1)

6/2024

USD

(51,286)

2,186

LME

Lead

Base

Metal

(2)

6/2024

USD

(102,651)

(1,090)

LME

Lead

Base

Metal

(2)

6/2024

USD

(102,551)

4,444

LME

Lead

Base

Metal

(2)

6/2024

USD

(102,601)

3,094

LME

Lead

Base

Metal

(3)

6/2024

USD

(153,764)

(809)

LME

Lead

Base

Metal

(4)

6/2024

USD

(205,152)

(1,265)

LME

Lead

Base

Metal

(9)

6/2024

USD

(461,817)

(4,190)

LME

Nickel

Base

Metal

(3)

6/2024

USD

(301,326)

24,645

LME

Nickel

Base

Metal

(5)

6/2024

USD

(502,240)

48,845

LME

Nickel

Base

Metal

(5)

6/2024

USD

(502,120)

35,465

LME

Nickel

Base

Metal

(6)

6/2024

USD

(602,796)

11,997

LME

Nickel

Base

Metal

(12)

6/2024

USD

(1,205,141)

47,807

LME

Nickel

Base

Metal

(60)

6/2024

USD

(6,026,515)

262,940

LME

Zinc

Base

Metal

(2)

6/2024

USD

(121,950)

(1,331)

LME

Zinc

Base

Metal

(4)

6/2024

USD

(243,322)

14,666

LME

Zinc

Base

Metal

(7)

6/2024

USD

(425,556)

18,048

LME

Zinc

Base

Metal

(10)

6/2024

USD

(609,563)

9,767

LME

Zinc

Base

Metal

(15)

6/2024

USD

(911,048)

40,658

LME

Zinc

Base

Metal

(17)

6/2024

USD

(1,033,736)

64,118

LME

Zinc

Base

Metal

(19)

6/2024

USD

(1,157,062)

37,719

LME

Zinc

Base

Metal

(156)

6/2024

USD

(9,497,163)

58,434

162

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

Long

Gilt

(9)

6/2024

GBP

$

(1,133,436)

$

(16,717)

Nikkei

225

Index

(1)

6/2024

JPY

(265,755)

(6,141)

Palladium

(13)

6/2024

USD

(1,327,950)

(62,006)

Phelix

De

Base

Electricity

(1)

6/2024

EUR

(158,648)

3,570

U.S.

Treasury

10

Year

Note

(106)

6/2024

USD

(11,736,188)

(64,906)

U.S.

Treasury

2

Year

Note

(188)

6/2024

USD

(38,435,719)

51,955

U.S.

Treasury

5

Year

Note

(199)

6/2024

USD

(21,285,227)

(16,534)

U.S.

Treasury

Long

Bond

(87)

6/2024

USD

(10,464,469)

(122,079)

U.S.

Treasury

Ultra

Bond

(52)

6/2024

USD

(6,693,375)

(136,492)

CBOE

Volatility

Index

(19)

7/2024

USD

(321,444)

5,796

Platinum

(87)

7/2024

USD

(4,006,785)

(18,251)

Rapeseed

(6)

7/2024

EUR

(144,188)

902

CBOE

Volatility

Index

(19)

8/2024

USD

(332,500)

5,660

3

Month

Euro

Euribor

(49)

9/2024

EUR

(12,777,144)

930

90-Day

Australian

Bank

Bill

(60)

9/2024

AUD

(38,702,957)

1,446

3

Month

CORRA

(146)

12/2024

CAD

(25,726,902)

28,863

3

Month

Euro

Euribor

(44)

12/2024

EUR

(11,507,176)

3,452

3

Month

SOFR

(107)

12/2024

USD

(25,444,600)

55,024

90-Day

Australian

Bank

Bill

(45)

12/2024

AUD

(29,038,558)

(445)

90-Day

New

Zealand

Bill

(7)

12/2024

NZD

(4,132,022)

(195)

ECX

Emission

(3)

12/2024

EUR

(200,019)

6,430

French

Base

Electricity

(1)

12/2024

EUR

(729,596)

154,298

Italian

Base

Electricity

(1)

12/2024

EUR

(908,782)

170,920

UK

Allowances

Carbon

Dioxide

Emissions

(2)

12/2024

GBP

(94,409)

(2,509)

3

Month

CORRA

(91)

3/2025

CAD

(16,083,127)

27,984

3

Month

Euro

Euribor

(48)

3/2025

EUR

(12,584,354)

3,252

3

Month

SOFR

(96)

3/2025

USD

(22,899,600)

65,681

3

Month

SONIA

(8)

3/2025

GBP

(2,413,609)

(3,165)

90-Day

Australian

Bank

Bill

(73)

3/2025

AUD

(47,124,253)

(6,253)

90-Day

New

Zealand

Bill

(9)

3/2025

NZD

(5,316,615)

(833)

3

Month

CORRA

(93)

6/2025

CAD

(16,478,655)

29,273

3

Month

Euro

Euribor

(42)

6/2025

EUR

(11,032,833)

1,937

3

Month

SOFR

(93)

6/2025

USD

(22,246,763)

49,282

3

Month

SONIA

(7)

6/2025

GBP

(2,117,541)

(3,778)

90-Day

Australian

Bank

Bill

(48)

6/2025

AUD

(30,994,139)

(5,797)

3

Month

CORRA

(89)

9/2025

CAD

(15,801,927)

13,205

3

Month

Euro

Euribor

(30)

9/2025

EUR

(7,891,113)

(148)

3

Month

SOFR

(64)

9/2025

USD

(15,347,200)

35,582

3

Month

SONIA

(12)

9/2025

GBP

(3,637,643)

(7,089)

3

Month

Euro

Euribor

(27)

12/2025

EUR

(7,108,192)

(3,512)

3

Month

SOFR

(66)

12/2025

USD

(15,857,325)

26,450

3

Month

SONIA

(11)

12/2025

GBP

(3,339,886)

(7,264)

3

Month

Euro

Euribor

(21)

3/2026

EUR

(5,531,426)

(4,133)

3

Month

SOFR

(64)

3/2026

USD

(15,396,800)

20,032

3

Month

SONIA

(8)

3/2026

GBP

(2,431,784)

(5,660)

3

Month

SOFR

(64)

6/2026

USD

(15,409,600)

10,276

3

Month

SONIA

(5)

6/2026

GBP

(1,521,049)

(3,313)

Total

of

short

contracts

(2,509,576)

Net

value

$

3,776,304

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

163

(Continued)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

CAD

1,344,074

USD

990,304

CITI

6/20/2024

$

3,107

CAD

1,344,074

USD

990,299

JPMC

6/20/2024

3,112

COP

2,315,202,996

USD

578,319

CITI

**

6/20/2024

12,787

COP

2,315,202,996

USD

578,316

JPMC

**

6/20/2024

12,790

EUR

782,000

USD

845,945

CITI

6/20/2024

452

EUR

782,000

USD

845,941

JPMC

6/20/2024

456

HUF

124,605,936

USD

339,596

CITI

6/20/2024

236

HUF

124,605,936

USD

339,595

JPMC

6/20/2024

237

MXN

87,261,004

USD

5,053,953

CITI

6/20/2024

129,153

MXN

87,261,004

USD

5,053,927

JPMC

6/20/2024

129,179

PEN

3,904,500

USD

1,034,767

CITI

**

6/20/2024

13,356

PEN

3,904,500

USD

1,034,762

JPMC

**

6/20/2024

13,361

PLN

297,746

USD

74,377

CITI

6/20/2024

103

PLN

297,746

USD

74,377

JPMC

6/20/2024

103

USD

19,469,622

AUD

29,655,500

CITI

6/20/2024

101,220

USD

19,469,720

AUD

29,655,500

JPMC

6/20/2024

101,316

USD

845,472

BRL

4,254,193

CITI

**

6/20/2024

3,642

USD

845,476

BRL

4,254,193

JPMC

**

6/20/2024

3,645

USD

4,204,100

CAD

5,684,000

CITI

6/20/2024

3,033

USD

4,204,121

CAD

5,684,000

JPMC

6/20/2024

3,055

USD

6,603,251

CHF

5,752,535

CITI

6/20/2024

167,825

USD

6,603,284

CHF

5,752,535

JPMC

6/20/2024

167,858

USD

12,000,712

CNY

85,936,500

CITI

**

6/20/2024

123,717

USD

12,000,772

CNY

85,936,500

JPMC

**

6/20/2024

123,777

USD

7,597,598

CZK

177,321,000

CITI

6/20/2024

36,486

USD

7,597,636

CZK

177,321,000

JPMC

6/20/2024

36,524

USD

8,679,469

EUR

7,916,409

CITI

6/20/2024

111,144

USD

8,679,512

EUR

7,916,409

JPMC

6/20/2024

111,188

USD

11,742,562

GBP

9,241,500

CITI

6/20/2024

73,480

USD

11,742,620

GBP

9,241,500

JPMC

6/20/2024

73,539

USD

3,066,793

IDR

48,185,649,844

CITI

**

6/20/2024

37,698

USD

3,066,808

IDR

48,185,649,844

JPMC

**

6/20/2024

37,714

USD

256,722

ILS

919,500

CITI

6/20/2024

5,788

USD

256,724

ILS

919,500

JPMC

6/20/2024

5,789

USD

9,454,759

INR

788,445,433

CITI

**

6/20/2024

22,688

USD

9,454,816

INR

788,445,433

JPMC

**

6/20/2024

22,745

USD

20,455,943

JPY

3,005,000,000

CITI

6/20/2024

360,041

USD

20,456,045

JPY

3,005,000,000

JPMC

6/20/2024

360,144

USD

5,830,212

KRW

7,706,226,093

CITI

**

6/20/2024

95,632

USD

5,830,242

KRW

7,706,226,093

JPMC

**

6/20/2024

95,661

USD

10,426,470

NOK

110,094,874

CITI

6/20/2024

266,233

USD

10,426,522

NOK

110,094,874

JPMC

6/20/2024

266,285

USD

27,484,544

NZD

45,257,500

CITI

6/20/2024

444,049

USD

27,484,682

NZD

45,257,500

JPMC

6/20/2024

444,187

USD

1,528,579

PHP

85,633,000

CITI

**

6/20/2024

5,733

USD

1,528,586

PHP

85,633,000

JPMC

**

6/20/2024

5,740

USD

587,686

PLN

2,337,500

CITI

6/20/2024

2,974

USD

587,689

PLN

2,337,500

JPMC

6/20/2024

2,977

USD

3,592,223

SEK

37,500,000

CITI

6/20/2024

77,241

USD

3,592,241

SEK

37,500,000

JPMC

6/20/2024

77,259

USD

12,913,435

SGD

17,269,833

CITI

6/20/2024

76,713

USD

12,913,498

SGD

17,269,831

JPMC

6/20/2024

76,777

USD

10,168,760

THB

362,000,000

CITI

6/20/2024

181,610

USD

10,168,811

THB

362,000,000

JPMC

6/20/2024

181,661

USD

6,357,136

TWD

198,968,895

CITI

**

6/20/2024

116,125

164

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

6,357,168

TWD

198,968,895

JPMC

**

6/20/2024

$

116,157

USD

2,002,984

ZAR

38,166,250

CITI

6/20/2024

1,133

USD

2,002,994

ZAR

38,166,250

JPMC

6/20/2024

1,143

USD

3,279,046

CLP

3,185,292,244

CITI

**

6/21/2024

34,663

USD

3,279,063

CLP

3,185,292,244

JPMC

**

6/21/2024

34,679

Total

unrealized

appreciation

5,017,120

AUD

22,434,500

USD

14,780,233

CITI

6/20/2024

(127,961)

AUD

22,434,500

USD

14,780,159

JPMC

6/20/2024

(127,887)

BRL

14,152,445

USD

2,814,356

CITI

**

6/20/2024

(13,834)

BRL

14,152,445

USD

2,814,341

JPMC

**

6/20/2024

(13,820)

CAD

27,896,926

USD

20,700,467

CITI

6/20/2024

(81,743)

CAD

27,896,926

USD

20,700,364

JPMC

6/20/2024

(81,639)

CNY

19,414,000

USD

2,715,039

CITI

**

6/20/2024

(31,895)

CNY

19,414,000

USD

2,715,025

JPMC

**

6/20/2024

(31,882)

EUR

34,453,500

USD

37,625,578

CITI

6/20/2024

(334,834)

EUR

34,453,500

USD

37,625,390

JPMC

6/20/2024

(334,646)

GBP

4,189,500

USD

5,357,884

CITI

6/20/2024

(67,875)

GBP

4,189,500

USD

5,357,858

JPMC

6/20/2024

(67,849)

HUF

887,241,548

USD

2,448,837

CITI

6/20/2024

(29,103)

HUF

887,241,548

USD

2,448,824

JPMC

6/20/2024

(29,090)

ILS

689,000

USD

189,603

CITI

6/20/2024

(1,573)

ILS

689,000

USD

189,602

JPMC

6/20/2024

(1,572)

INR

3,007,091,016

USD

36,130,145

CITI

**

6/20/2024

(156,706)

INR

3,007,091,016

USD

36,129,964

JPMC

**

6/20/2024

(156,525)

JPY

848,643,426

USD

5,737,001

CITI

6/20/2024

(61,708)

JPY

848,643,426

USD

5,736,972

JPMC

6/20/2024

(61,679)

KRW

3,500,000,000

USD

2,660,606

CITI

**

6/20/2024

(56,084)

KRW

3,500,000,000

USD

2,661,548

JPMC

**

6/20/2024

(57,026)

NOK

78,500,000

USD

7,521,947

CITI

6/20/2024

(277,480)

NOK

78,500,000

USD

7,526,364

JPMC

6/20/2024

(281,897)

PLN

72,535,255

USD

18,251,067

CITI

6/20/2024

(106,797)

PLN

72,535,254

USD

18,250,975

JPMC

6/20/2024

(106,706)

SEK

42,500,000

USD

4,147,278

CITI

6/20/2024

(163,633)

SEK

42,500,000

USD

4,147,258

JPMC

6/20/2024

(163,612)

SGD

5,980,501

USD

4,493,100

CITI

6/20/2024

(47,774)

SGD

5,980,499

USD

4,493,076

JPMC

6/20/2024

(47,752)

THB

15,500,000

USD

439,846

CITI

6/20/2024

(12,219)

THB

15,500,000

USD

439,843

JPMC

6/20/2024

(12,217)

TWD

87,500,000

USD

2,792,237

CITI

**

6/20/2024

(47,645)

TWD

87,500,000

USD

2,792,223

JPMC

**

6/20/2024

(47,631)

USD

12,460,668

AUD

19,101,000

CITI

6/20/2024

(14,452)

USD

12,460,730

AUD

19,101,000

JPMC

6/20/2024

(14,388)

USD

441,770

BRL

2,240,807

CITI

**

6/20/2024

(1,647)

USD

441,772

BRL

2,240,807

JPMC

**

6/20/2024

(1,644)

USD

2,814,073

CAD

3,823,000

CITI

6/20/2024

(11,520)

USD

2,814,087

CAD

3,823,000

JPMC

6/20/2024

(11,507)

USD

31,726

CHF

28,500

CITI

6/20/2024

(157)

USD

31,727

CHF

28,500

JPMC

6/20/2024

(157)

USD

4,382,398

GBP

3,477,000

CITI

6/20/2024

(7,950)

USD

4,382,420

GBP

3,477,000

JPMC

6/20/2024

(7,928)

USD

497,062

INR

41,554,567

CITI

**

6/20/2024

(49)

USD

497,065

INR

41,554,567

JPMC

**

6/20/2024

(47)

USD

901,220

JPY

135,000,000

CITI

6/20/2024

(1,591)

USD

901,224

JPY

135,000,000

JPMC

6/20/2024

(1,587)

USD

532,395

PHP

30,000,000

CITI

**

6/20/2024

(1,107)

USD

532,397

PHP

30,000,000

JPMC

**

6/20/2024

(1,104)

USD

13,923,801

ZAR

269,663,750

CITI

6/20/2024

(220,276)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

165

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

13,923,870

ZAR

269,663,750

JPMC

6/20/2024

$

(220,206)

ZAR

129,500,000

USD

6,868,670

CITI

6/20/2024

(76,292)

ZAR

129,500,000

USD

6,865,991

JPMC

6/20/2024

(73,614)

CLP

100,000,000

USD

106,021

CITI

**

6/21/2024

(4,166)

CLP

100,000,000

USD

106,020

JPMC

**

6/21/2024

(4,165)

USD

2,265,030

CLP

2,236,481,788

CITI

**

6/21/2024

(12,941)

USD

2,265,041

CLP

2,236,481,788

JPMC

**

6/21/2024

(12,929)

Total

unrealized

depreciation

(3,943,718)

Net

unrealized

appreciation

$

1,073,402

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

HONIX

plus

or

minus

a

specified

spread

(-0.23%

to

0.02%),

which

is

denominated

in

HKD

based

on

the

local

currencies

of

the

positions

within

the

swap.

31-61

months

maturity

ranging

from

09/21/2026

-

03/15/2029

$1,053,373

$11,145

$2,643

$13,788

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

NOWA

plus

or

minus

a

specified

spread

(-0.04%

to

0.03%),

which

is

denominated

in

NOK

based

on

the

local

currencies

of

the

positions

within

the

swap.

31-61

months

maturity

ranging

from

09/21/2026

-

03/15/2029

$934,570

$(12,240)

$4,387

$(7,853)

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SORA

plus

or

minus

a

specified

spread

(-0.04%

to

0.04%),

which

is

denominated

in

SGD

based

on

the

local

currencies

of

the

positions

within

the

swap.

31-61

months

maturity

ranging

from

09/21/2026

-

03/15/2029

$1,159,679

$1,580

$4,675

$6,255

166

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

AOISR

plus

or

minus

a

specified

spread

(-0.04%

to

0.04%),

which

is

denominated

in

AUD

based

on

the

local

currencies

of

the

positions

within

the

swap.

31-61

months

maturity

ranging

from

09/21/2026

-

03/15/2029

$6,323,397

$37,191

$(13,127)

$24,064

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Australia

ALS

Ltd.

8,483

72,532

1,221

5.1

Aristocrat

Leisure

Ltd.

6,735

188,586

(12,863)

(53.5)

BlueScope

Steel

Ltd.

18,543

288,401

22,322

92.8

Brambles

Ltd.

5,323

56,020

2,983

12.4

Cochlear

Ltd.

527

115,904

645

2.7

IGO

Ltd.

17,123

78,893

(5,463)

(22.7)

Incitec

Pivot

Ltd.

73,719

138,839

10,094

41.9

JB

Hi-Fi

Ltd.

6,229

260,762

23,262

96.7

Northern

Star

Resources

Ltd.

6,344

59,859

2,741

11.4

Orica

Ltd.

6,673

79,371

5,926

24.6

Origin

Energy

Ltd.

49,578

297,405

11,483

47.7

Pilbara

Minerals

Ltd.

36,229

90,408

(4,027)

(16.7)

Pro

Medicus

Ltd.

579

39,153

1,506

6.3

Qantas

Airways

Ltd.

57,623

204,570

10,812

44.9

QBE

Insurance

Group

Ltd.

2,709

32,022

1,871

7.8

Qube

Holdings

Ltd.

29,160

64,789

3,032

12.6

Seven

Group

Holdings

Ltd.

1,673

44,458

73

0.3

Sonic

Healthcare

Ltd.

3,665

70,232

2,237

9.3

South32

Ltd.

38,263

74,664

1,856

7.7

Suncorp

Group

Ltd.

5,662

60,436

3,173

13.2

New

Zealand

Xero

Ltd.

1,702

147,784

(2,463)

(10.2)

United

States

James

Hardie

Industries

plc

2,687

108,000

321

1.3

Short

Positions

Common

Stocks

Australia

ANZ

Group

Holdings

Ltd.

(2,096)

(40,172)

(234)

(1.0)

APA

Group

(6,594)

(36,142)

(1,383)

(5.7)

Atlas

Arteria

Ltd.

(12,315)

(42,762)

(308)

(1.3)

Aurizon

Holdings

Ltd.

(11,468)

(29,902)

(907)

(3.8)

BHP

Group

Ltd.

(9,218)

(266,529)

(14,099)

(58.6)

CAR

Group

Ltd.

(3,941)

(92,637)

(1,390)

(5.8)

Cleanaway

Waste

Management

Ltd.

(65,636)

(116,299)

(5,520)

(22.9)

Commonwealth

Bank

of

Australia

(6,315)

(495,345)

(9,220)

(38.3)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

167

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Australia

(continued)

Computershare

Ltd.

(5,430)

(92,489)

(2,470)

(10.3)

Domino's

Pizza

Enterprises

Ltd.

(4,361)

(123,209)

3,698

15.4

Endeavour

Group

Ltd.

(24,141)

(86,677)

(3,300)

(13.7)

IDP

Education

Ltd.

(18,149)

(211,855)

10,843

45.1

Insurance

Australia

Group

Ltd.

(12,039)

(50,219)

(1,578)

(6.6)

Lynas

Rare

Earths

Ltd.

(29,676)

(109,533)

2,629

10.9

Mineral

Resources

Ltd.

(3,457)

(159,500)

(11,990)

(49.8)

New

Hope

Corp.

Ltd.

(6,310)

(19,116)

416

1.7

NEXTDC

Ltd.

(18,157)

(210,327)

(4,569)

(19.0)

Ramsay

Health

Care

Ltd.

(2,613)

(96,195)

(2,288)

(9.5)

REA

Group

Ltd.

(1,983)

(239,602)

(3,293)

(13.7)

Reece

Ltd.

(5,187)

(94,973)

(566)

(2.4)

Santos

Ltd.

(6,451)

(32,661)

(2,604)

(10.8)

Transurban

Group

(8,116)

(70,407)

727

3.0

Treasury

Wine

Estates

Ltd.

(17,494)

(141,904)

(1,913)

(7.9)

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(6,022)

(131,837)

6,257

26.0

Wesfarmers

Ltd.

(1,434)

(63,920)

(2,180)

(9.1)

Westpac

Banking

Corp.

(6,119)

(104,073)

2,870

11.9

WiseTech

Global

Ltd.

(4,310)

(263,612)

4,526

18.8

United

States

CSL

Ltd.

(1,577)

(295,889)

(6,913)

(28.7)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CORRA

plus

or

minus

a

specified

spread

(-0.05%

to

0.02%),

which

is

denominated

in

CAD

based

on

the

local

currencies

of

the

positions

within

the

swap.

31-61

months

maturity

ranging

from

09/21/2026

-

03/15/2029

$11,219,438

$75,869

$3,664

$79,533

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Canada

Agnico

Eagle

Mines

Ltd.

2,067

123,252

8,774

11.0

Air

Canada

20,121

291,294

28,372

35.7

Atco

Ltd.

3,682

102,505

(1,250)

(1.6)

Bank

of

Nova

Scotia

(The)

1,888

97,665

3,819

4.8

Bombardier,

Inc.

5,944

255,172

25,013

31.4

Cameco

Corp.

1,986

85,976

4,201

5.3

Canadian

National

Railway

Co.

1,542

203,054

5,612

7.1

Canadian

Natural

Resources

Ltd.

1,409

107,484

4,058

5.1

CCL

Industries,

Inc.

2,784

142,288

(8,920)

(11.2)

Constellation

Software,

Inc.

49

133,845

(2,814)

(3.5)

Empire

Co.

Ltd.

5,479

133,805

(5,501)

(6.9)

168

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Canada

(continued)

Fairfax

Financial

Holdings

Ltd.

349

376,195

(7,115)

(8.9)

Finning

International,

Inc.

6,001

176,368

20,468

25.7

George

Weston

Ltd.

666

89,982

649

0.8

MEG

Energy

Corp.

6,875

157,848

11,166

14.0

National

Bank

of

Canada

3,227

271,730

10,077

12.7

Onex

Corp.

1,628

121,954

1,430

1.8

Open

Text

Corp.

2,786

108,104

905

1.1

Pembina

Pipeline

Corp.

4,794

169,208

(1,168)

(1.5)

Quebecor,

Inc.

4,430

97,100

(7,359)

(9.3)

Shopify,

Inc.

3,683

284,134

9,299

11.7

TFI

International,

Inc.

1,581

252,110

18,593

23.4

West

Fraser

Timber

Co.

Ltd.

2,624

226,572

8,950

11.3

Whitecap

Resources,

Inc.

28,205

213,430

14,576

18.3

Short

Positions

Common

Stocks

Brazil

Wheaton

Precious

Metals

Corp.

(3,652)

(172,011)

(8,601)

(10.8)

Canada

Algonquin

Power

&

Utilities

Corp.

(33,519)

(211,821)

2,475

3.1

Barrick

Gold

Corp.

(10,293)

(171,202)

(8,302)

(10.4)

BCE,

Inc.

(4,967)

(168,787)

11,367

14.3

Brookfield

Asset

Management

Ltd.

(3,094)

(129,968)

(914)

(1.1)

Canadian

Pacific

Kansas

City

Ltd.

(7,748)

(683,137)

8,008

10.1

Element

Fleet

Management

Corp.

(6,148)

(99,354)

1,952

2.5

Enbridge,

Inc.

(4,905)

(177,254)

(1,376)

(1.7)

Fortis,

Inc.

(4,493)

(177,524)

1,592

2.0

Franco-Nevada

Corp.

(2,061)

(245,576)

(9,333)

(11.7)

Hydro

One

Ltd.

(6,711)

(195,699)

10,602

13.3

Keyera

Corp.

(5,874)

(151,300)

(3,816)

(4.8)

Magna

International,

Inc.

(4,160)

(226,619)

(2,518)

(3.2)

Manulife

Financial

Corp.

(4,448)

(111,089)

(5,681)

(7.1)

Pan

American

Silver

Corp.

(11,418)

(172,128)

(12,475)

(15.7)

RB

Global,

Inc.

(3,107)

(236,646)

(3,418)

(4.3)

Rogers

Communications,

Inc.

(8,208)

(336,307)

25,390

31.9

Royal

Bank

of

Canada

(4,891)

(493,307)

(6,319)

(7.9)

Suncor

Energy,

Inc.

(6,734)

(248,520)

(15,560)

(19.6)

TC

Energy

Corp.

(2,362)

(94,930)

593

0.7

Teck

Resources

Ltd.

(2,675)

(122,439)

(11,869)

(14.9)

Toronto-Dominion

Bank

(The)

(4,771)

(287,940)

(669)

(0.8)

Tourmaline

Oil

Corp.

(1,986)

(92,853)

(5,058)

(6.4)

WSP

Global,

Inc.

(1,271)

(211,835)

(1,755)

(2.2)

Chile

Lundin

Mining

Corp.

(12,518)

(128,086)

(19,250)

(24.2)

United

States

GFL

Environmental,

Inc.

(3,838)

(132,349)

822

1.0

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

169

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.04%

to

0.03%),

which

is

denominated

in

CHF

based

on

the

local

currencies

of

the

positions

within

the

swap.

31-61

months

maturity

ranging

from

09/21/2026

-

03/15/2029

$8,255,826

$(35,300)

$487

$(34,813)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Switzerland

ABB

Ltd.

(Registered)

15,388

713,854

15,136

(43.5)

Alcon,

Inc.

707

58,477

(1,922)

5.5

DKSH

Holding

AG

1,472

100,136

(3,264)

9.4

Galenica

AG

370

30,875

125

(0.4)

Georg

Fischer

AG

(Registered)

3,207

237,851

(3,958)

11.4

Kuehne

+

Nagel

International

AG

(Registered)

301

83,744

1,840

(5.3)

Logitech

International

SA

(Registered)

4,070

364,710

2,511

(7.2)

Novartis

AG

(Registered)

6,721

650,986

(10,653)

30.6

Schindler

Holding

AG

68

17,117

(255)

0.7

SGS

SA

(Registered)

644

62,521

(378)

1.1

Temenos

AG

(Registered)

1,134

81,115

(1,120)

3.2

Zurich

Insurance

Group

AG

42

22,689

209

(0.6)

United

States

Holcim

AG

9,011

816,368

64,194

(184.4)

Swiss

Re

AG

2,924

376,128

19,970

(57.4)

Short

Positions

Common

Stocks

Switzerland

Avolta

AG

(1,608)

(66,953)

(3,808)

10.9

Bachem

Holding

AG

(1,739)

(166,532)

(8,608)

24.7

Baloise

Holding

AG

(Registered)

(828)

(129,835)

4,399

(12.6)

Banque

Cantonale

Vaudoise

(Registered)

(946)

(110,054)

(228)

0.7

Barry

Callebaut

AG

(Registered)

(59)

(85,703)

(333)

1.0

Belimo

Holding

AG

(Registered)

(44)

(21,595)

(30)

0.1

BKW

AG

(174)

(26,738)

(1,714)

4.9

Chocoladefabriken

Lindt

&

Spruengli

AG

(26)

(311,189)

10,261

(29.5)

Cie

Financiere

Richemont

SA

(Registered)

(1,506)

(229,274)

12,778

(36.7)

Clariant

AG

(Registered)

(7,176)

(97,091)

(4,291)

12.3

EMS-Chemie

Holding

AG

(Registered)

(131)

(100,401)

(10,212)

29.3

Givaudan

SA

(Registered)

(89)

(396,205)

(7,481)

21.5

Helvetia

Holding

AG

(Registered)

(519)

(71,555)

4,273

(12.3)

Julius

Baer

Group

Ltd.

(320)

(18,559)

(655)

1.9

Lonza

Group

AG

(Registered)

(729)

(435,649)

(65,269)

187.5

Partners

Group

Holding

AG

(189)

(269,984)

(4,669)

13.4

SIG

Group

AG

(16,202)

(359,267)

(30,503)

87.6

Sonova

Holding

AG

(Registered)

(324)

(93,828)

6,514

(18.7)

170

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Switzerland

(continued)

Straumann

Holding

AG

(Registered)

(1,366)

(217,956)

3,034

(8.7)

Swatch

Group

AG

(The)

(757)

(176,595)

(1,729)

5.0

Swiss

Life

Holding

AG

(Registered)

(232)

(162,723)

8,175

(23.5)

Swisscom

AG

(Registered)

(364)

(222,788)

(18,703)

53.7

Tecan

Group

AG

(Registered)

(89)

(36,875)

(598)

1.7

UBS

Group

AG

(Registered)

(8,561)

(263,601)

(838)

2.4

VAT

Group

AG

(560)

(289,293)

(2,167)

6.2

United

States

Nestle

SA

(Registered)

(2,626)

(279,012)

(5,333)

15.3

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

Denmark

Tomorrow/Next

plus

or

minus

a

specified

spread

(-0.04%

to

0.03%),

which

is

denominated

in

DKK

based

on

the

local

currencies

of

the

positions

within

the

swap.

31-61

months

maturity

ranging

from

09/21/2026

-

03/15/2029

$4,850,265

$(1,550)

$810

$(740)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Denmark

Carlsberg

A/S

1,081

148,038

1,004

(135.6)

Danske

Bank

A/S

13,950

418,729

9,542

(1,289.4)

Demant

A/S

2,270

112,827

(2,639)

356.7

Genmab

A/S

607

181,996

(6,347)

857.6

ISS

A/S

8,863

161,474

5,336

(721.0)

Jyske

Bank

A/S

(Registered)

1,432

121,299

6,429

(868.9)

Novo

Nordisk

A/S

6,914

886,882

(11,015)

1,488.6

Pandora

A/S

2,567

414,329

(9,990)

1,350.0

ROCKWOOL

A/S

217

71,399

4,326

(584.6)

Vestas

Wind

Systems

A/S

5,754

160,500

(484)

65.5

Short

Positions

Common

Stocks

Denmark

Ambu

A/S

(1,895)

(31,188)

1,168

(157.8)

AP

Moller

-

Maersk

A/S

(357)

(465,473)

28,098

(3,797.1)

Coloplast

A/S

(3,269)

(441,371)

14,994

(2,026.2)

DSV

A/S

(2,451)

(398,421)

(20,696)

2,796.7

Novonesis

(Novozymes)

(5,822)

(342,459)

6,919

(935.0)

Orsted

A/S

(5,706)

(318,845)

(28,116)

3,799.5

Royal

Unibrew

A/S

(1,029)

(68,088)

(3,733)

504.5

Tryg

A/S

(5,188)

(106,947)

3,654

(493.8)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

171

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.08%

to

0.03%),

which

is

denominated

in

EUR

based

on

the

local

currencies

of

the

positions

within

the

swap.

31-61

months

maturity

ranging

from

09/21/2026

-

03/15/2029

$37,308,259

$62,035

$8,504

$70,539

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

France

Air

Liquide

SA

1,996

415,265

(2,048)

(2.9)

Eiffage

SA

2,800

317,778

7,091

10.1

Hermes

International

SCA

244

623,611

7,944

11.3

L'Oreal

SA

1,166

552,185

(14,275)

(20.2)

LVMH

Moet

Hennessy

Louis

Vuitton

SE

915

823,314

(21,915)

(31.1)

Orange

SA

22,288

262,107

7,370

10.4

Rexel

SA

13,002

351,221

20,319

28.8

Vinci

SA

1,939

248,829

647

0.9

Germany

Allianz

SE

(Registered)

1,469

440,285

27,833

39.5

Bayerische

Motoren

Werke

AG

3,427

395,403

245

0.3

Daimler

Truck

Holding

AG

5,879

297,917

19,542

27.7

Heidelberg

Materials

AG

4,915

541,050

68,063

96.5

KION

Group

AG

5,817

305,996

1,087

1.5

Mercedes-Benz

Group

AG

3,689

293,781

5,638

8.0

SAP

SE

3,841

747,916

28,873

40.9

Italy

Enel

SpA

47,010

310,336

(4,041)

(5.7)

Ferrari

NV

702

306,097

13,426

19.0

Leonardo

SpA

19,278

484,334

71,492

101.4

Prysmian

SpA

7,378

384,792

19,519

27.7

Netherlands

BE

Semiconductor

Industries

NV

1,628

249,375

8,188

11.6

Koninklijke

Ahold

Delhaize

NV

15,217

455,320

3,036

4.3

Wolters

Kluwer

NV

2,579

403,845

3,704

5.3

Spain

Industria

de

Diseno

Textil

SA

16,059

808,672

91,597

129.9

Repsol

SA

16,128

269,196

16,639

23.6

United

States

Schneider

Electric

SE

2,554

577,399

(1,806)

(2.6)

Tenaris

SA

18,534

366,440

20,520

29.1

172

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Finland

Nokia

OYJ

(101,235)

(359,192)

3,091

4.4

France

Cie

Generale

des

Etablissements

Michelin

SCA

(9,339)

(357,902)

(15,944)

(22.6)

Kering

SA

(767)

(303,796)

43,869

62.2

Sartorius

Stedim

Biotech

(1,163)

(331,718)

7,679

10.9

Societe

Generale

SA

(12,672)

(339,521)

(20,627)

(29.2)

Worldline

SA

(20,315)

(251,328)

(20,881)

(29.6)

Germany

Bayer

AG

(Registered)

(12,231)

(374,569)

(21,452)

(30.4)

Commerzbank

AG

(27,282)

(374,969)

(44,876)

(63.6)

Deutsche

Bank

AG

(Registered)

(17,811)

(280,528)

(19,377)

(27.5)

Merck

KGaA

(2,916)

(514,194)

(21,070)

(29.9)

Rheinmetall

AG

(486)

(273,337)

(55,481)

(78.7)

Siemens

Healthineers

AG

(7,609)

(465,348)

4,041

5.7

Italy

Assicurazioni

Generali

SpA

(17,206)

(435,543)

(15,447)

(21.9)

Eni

SpA

(24,793)

(392,573)

439

0.6

Moncler

SpA

(3,374)

(251,770)

(3,228)

(4.6)

Luxembourg

ArcelorMittal

SA

(18,711)

(514,312)

(28,424)

(40.3)

Eurofins

Scientific

SE

(6,054)

(385,643)

(12,833)

(18.2)

Netherlands

ASR

Nederland

NV

(5,136)

(251,714)

(15,543)

(22.0)

Heineken

NV

(4,875)

(469,987)

(16,838)

(23.9)

Switzerland

DSM-Firmenich

AG

(3,394)

(386,007)

(4,100)

(5.8)

United

States

Ferrovial

SE

(9,631)

(381,309)

(6,839)

(9.7)

Preferred

Stocks

Germany

Dr

Ing

hc

F

Porsche

AG

(Preference)

(3,522)

(350,291)

(44,186)

(62.6)

Sartorius

AG

(Preference)

(963)

(382,417)

(9,856)

(14.0)

Volkswagen

AG

(Preference)

(2,799)

(371,215)

(17,245)

(24.4)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SONIA

plus

or

minus

a

specified

spread

(-0.03%

to

0.03%),

which

is

denominated

in

GBP

based

on

the

local

currencies

of

the

positions

within

the

swap.

31-61

months

maturity

ranging

from

09/21/2026

-

03/15/2029

$18,293,376

$224,061

$(41,929)

$182,132

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

173

(Continued)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Netherlands

Shell

plc

11,717

388,764

23,116

12.7

United

Kingdom

Associated

British

Foods

plc

6,244

197,004

19,369

10.6

AstraZeneca

plc

1,212

162,825

3,134

1.7

Aviva

plc

29,116

182,694

11,923

6.5

BAE

Systems

plc

29,982

511,056

34,250

18.8

BP

plc

60,212

377,736

19,260

10.6

Centrica

plc

322,725

520,252

(10,088)

(5.5)

DS

Smith

plc

45,042

225,307

30,938

17.0

easyJet

plc

34,030

244,947

8,717

4.8

Harbour

Energy

plc

65,956

229,704

15,185

8.3

Howden

Joinery

Group

plc

14,728

168,594

6,164

3.4

HSBC

Holdings

plc

23,846

186,400

13,100

7.2

InterContinental

Hotels

Group

plc

5,818

604,559

4,768

2.6

Man

Group

plc

57,214

193,097

13,143

7.2

Marks

&

Spencer

Group

plc

88,191

295,340

21,117

11.6

Melrose

Industries

plc

21,730

184,507

20,003

11.0

Pearson

plc

17,892

235,593

10,356

5.7

Reckitt

Benckiser

Group

plc

3,699

210,862

(30,510)

(16.8)

RELX

plc

21,219

915,079

12,047

6.6

Rolls-Royce

Holdings

plc

107,166

576,592

58,278

32.0

Sage

Group

plc

(The)

20,666

330,285

9,587

5.3

Spectris

plc

4,092

170,267

(995)

(0.5)

Standard

Chartered

plc

22,492

190,681

3,318

1.8

Tesco

plc

70,668

264,685

12,981

7.1

United

States

Experian

plc

7,160

311,982

6,538

3.6

Short

Positions

Common

Stocks

Australia

Glencore

plc

(66,406)

(364,407)

(16,618)

(9.1)

Rio

Tinto

plc

(2,172)

(137,324)

(5,477)

(3.0)

Burkina

Faso

Endeavour

Mining

plc

(7,291)

(147,950)

(12,701)

(7.0)

Chile

Antofagasta

plc

(15,370)

(394,794)

(40,758)

(22.4)

Hong

Kong

Prudential

plc

(53,577)

(502,476)

30,522

16.8

Italy

Coca-Cola

HBC

AG

(5,560)

(175,698)

(4,399)

(2.4)

South

Africa

Anglo

American

plc

(19,254)

(474,473)

(24,702)

(13.6)

United

Kingdom

Ashtead

Group

plc

(3,036)

(216,252)

(22,895)

(12.6)

Barclays

plc

(169,471)

(392,774)

(21,020)

(11.5)

Bellway

plc

(4,114)

(138,007)

5,617

3.1

BT

Group

plc

(220,783)

(305,555)

1,112

0.6

ConvaTec

Group

plc

(47,944)

(173,200)

(3,281)

(1.8)

Diageo

plc

(9,402)

(347,895)

(4,768)

(2.6)

Flutter

Entertainment

plc

(759)

(151,294)

16,597

9.1

174

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

Kingdom

(continued)

Kingfisher

plc

(109,736)

(345,370)

(31,492)

(17.3)

Lloyds

Banking

Group

plc

(216,696)

(141,718)

(7,565)

(4.2)

Persimmon

plc

(13,181)

(218,548)

10,120

5.6

Rentokil

Initial

plc

(64,274)

(382,142)

19,338

10.6

Schroders

plc

(39,678)

(188,504)

6,922

3.8

Severn

Trent

plc

(5,324)

(166,126)

9,325

5.1

Smith

&

Nephew

plc

(14,706)

(184,104)

18,398

10.1

Unilever

plc

(4,203)

(210,998)

(6,604)

(3.6)

United

Utilities

Group

plc

(10,617)

(137,953)

3,352

1.8

Vodafone

Group

plc

(575,440)

(510,372)

(14,500)

(8.0)

Wise

plc

(13,244)

(154,814)

(4,772)

(2.6)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

STIBOR

plus

or

minus

a

specified

spread

(-0.13%

to

0.03%),

which

is

denominated

in

SEK

based

on

the

local

currencies

of

the

positions

within

the

swap.

31-61

months

maturity

ranging

from

09/21/2026

-

03/15/2029

$6,004,266

$24,711

$(23,384)

$1,327

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Guatemala

Millicom

International

Cellular

SA

1,348

27,487

3,944

297.2

Sweden

AddTech

AB

2,428

55,237

2,122

159.9

Alfa

Laval

AB

2,217

87,116

2,590

195.2

Atlas

Copco

AB

16,616

280,620

(2,515)

(189.5)

Axfood

AB

1,517

44,104

2,338

176.2

Billerud

Aktiebolag

3,743

33,588

543

41.0

Elekta

AB

4,448

33,527

1,821

137.2

Evolution

AB

965

119,857

229

17.3

Getinge

AB

5,475

110,118

4,546

342.6

H

&

M

Hennes

&

Mauritz

AB

17,676

288,226

52,447

3,952.3

Hexpol

AB

7,379

90,104

6,690

504.1

Saab

AB

2,356

209,573

23,302

1,756.0

SKF

AB

12,773

260,758

(10,238)

(771.5)

SSAB

AB

45,224

333,918

18,482

1,392.8

Swedbank

AB

13,816

274,216

(20,716)

(1,561.1)

Trelleborg

AB

9,541

341,167

191

14.4

Volvo

AB

4,583

124,206

(2,679)

(201.9)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

175

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Sweden

Assa

Abloy

AB

(2,938)

(84,316)

(1,671)

(125.9)

Beijer

Ref

AB

(12,750)

(189,311)

(30,469)

(2,296.1)

Boliden

AB

(5,987)

(166,245)

(12,825)

(966.5)

Embracer

Group

AB

(27,857)

(60,686)

(18,464)

(1,391.4)

Epiroc

AB

(6,340)

(119,018)

(2,868)

(216.1)

EQT

AB

(7,856)

(248,717)

(7,107)

(535.6)

Essity

AB

(11,175)

(265,452)

(5,183)

(390.6)

Hexagon

AB

(20,967)

(247,849)

(3,293)

(248.2)

Holmen

AB

(2,380)

(96,818)

(3,930)

(296.1)

Husqvarna

AB

(8,409)

(71,956)

(7,411)

(558.5)

Lifco

AB

(1,443)

(37,683)

(678)

(51.1)

Nibe

Industrier

AB

(29,900)

(147,030)

16,772

1,263.9

Securitas

AB

(15,120)

(155,873)

(2,133)

(160.7)

Skandinaviska

Enskilda

Banken

AB

(2,270)

(30,753)

1,651

124.4

Skanska

AB

(6,443)

(114,740)

3,740

281.9

Svenska

Cellulosa

AB

SCA

(7,603)

(116,889)

(12,866)

(969.5)

Svenska

Handelsbanken

AB

(37,703)

(381,177)

50,294

3,790.0

Swedish

Orphan

Biovitrum

AB

(8,844)

(220,770)

10,245

772.1

Tele2

AB

(12,751)

(104,704)

(1,432)

(107.9)

Telefonaktiebolaget

LM

Ericsson

(26,302)

(141,456)

290

21.8

Telia

Co.

AB

(75,135)

(192,568)

(21,117)

(1,591.3)

Volvo

Car

AB

(25,471)

(96,433)

(9,931)

(748.4)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

MUTSC

plus

or

minus

a

specified

spread

(-1.75%

to

0.30%),

which

is

denominated

in

JPY

based

on

the

local

currencies

of

the

positions

within

the

swap.

1-13

months

maturity

ranging

from

04/03/2024

-

05/01/2025

$40,010,759

$484,245

$210,883

$695,128

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Japan

Disco

Corp.

2,100

767,620

61,655

8.9

Ebara

Corp.

3,800

345,840

20,513

3.0

Fast

Retailing

Co.

Ltd.

800

247,861

4,236

0.6

Hitachi

Ltd.

7,800

712,768

58,388

8.4

Hoya

Corp.

2,700

337,691

(9,128)

(1.3)

Inpex

Corp.

19,600

297,943

12,450

1.8

Isetan

Mitsukoshi

Holdings

Ltd.

18,800

305,125

23,212

3.3

176

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Japan

(continued)

Japan

Post

Bank

Co.

Ltd.

29,600

318,061

(4,375)

(0.6)

Kyushu

Electric

Power

Co.,

Inc.

45,200

405,924

12,835

1.8

Mitsubishi

Corp.

21,600

499,203

11,212

1.6

Mitsui

&

Co.

Ltd.

8,300

388,038

23,700

3.4

Nintendo

Co.

Ltd.

11,100

605,667

(1,907)

(0.3)

Niterra

Co.

Ltd.

9,500

315,399

17,433

2.5

Recruit

Holdings

Co.

Ltd.

7,400

324,910

6,238

0.9

SCREEN

Holdings

Co.

Ltd.

4,800

622,344

40,814

5.9

Sony

Group

Corp.

4,500

385,878

(10,376)

(1.5)

Subaru

Corp.

12,000

271,774

12,797

1.8

Tokio

Marine

Holdings,

Inc.

13,900

435,713

15,536

2.2

Tokyo

Electron

Ltd.

2,600

677,168

46,147

6.6

Toyo

Suisan

Kaisha

Ltd.

7,000

428,021

12,312

1.8

Toyota

Tsusho

Corp.

3,700

254,082

15,041

2.2

Short

Positions

Common

Stocks

Japan

Advantest

Corp.

(9,000)

(399,806)

(2,303)

(0.3)

Aeon

Co.

Ltd.

(21,000)

(498,160)

(4,720)

(0.7)

Daikin

Industries

Ltd.

(3,700)

(505,201)

(11,599)

(1.7)

Eisai

Co.

Ltd.

(8,500)

(350,105)

11,895

1.7

FANUC

Corp.

(12,500)

(348,706)

12,306

1.8

KDDI

Corp.

(9,900)

(292,711)

5,113

0.7

Kobe

Bussan

Co.

Ltd.

(12,800)

(313,642)

17,308

2.5

M3,

Inc.

(17,400)

(250,409)

(11,271)

(1.6)

MatsukiyoCocokara

&

Co.

(15,100)

(242,459)

(3,012)

(0.4)

Mercari,

Inc.

(28,100)

(359,189)

7,978

1.1

NIDEC

Corp.

(17,900)

(742,300)

(46,898)

(6.7)

Nippon

Telegraph

&

Telephone

Corp.

(294,400)

(350,661)

1,149

0.2

Nissan

Motor

Co.

Ltd.

(137,000)

(542,860)

4,941

0.7

Nitori

Holdings

Co.

Ltd.

(2,900)

(439,501)

5,231

0.8

NTT

Data

Group

Corp.

(39,300)

(624,790)

8,922

1.3

Omron

Corp.

(16,700)

(597,978)

15,062

2.2

Resona

Holdings,

Inc.

(44,300)

(273,086)

(5,758)

(0.8)

Rohm

Co.

Ltd.

(30,000)

(481,164)

12,594

1.8

Sekisui

House

Ltd.

(13,000)

(296,110)

(8,166)

(1.2)

Seven

&

i

Holdings

Co.

Ltd.

(21,900)

(319,212)

(9,041)

(1.3)

Shiseido

Co.

Ltd.

(12,400)

(340,262)

5,657

0.8

SMC

Corp.

(600)

(338,496)

13,426

1.9

SoftBank

Corp.

(27,700)

(356,636)

5,213

0.7

SUMCO

Corp.

(15,900)

(251,391)

(2,251)

(0.3)

Sumitomo

Chemical

Co.

Ltd.

(140,500)

(304,421)

2,603

0.4

Taiyo

Yuden

Co.

Ltd.

(11,200)

(265,156)

(5,169)

(0.7)

Toray

Industries,

Inc.

(53,900)

(258,820)

(2,779)

(0.4)

Yamaha

Corp.

(15,400)

(332,405)

(8,393)

(1.2)

Yaskawa

Electric

Corp.

(6,700)

(285,250)

(4,778)

(0.7)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

177

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-5.45%

to

0.25%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

1-13

months

maturity

ranging

from

04/03/2024

-

04/30/2025

$167,924,680

$(174,814)

$1,856,439

$1,681,625

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

United

States

AbbVie,

Inc.

3,059

557,044

11,043

0.7

Allison

Transmission

Holdings,

Inc.

7,043

571,610

34,652

2.1

Amazon.com,

Inc.

5,102

920,299

30,102

1.8

Arista

Networks,

Inc.

2,346

680,293

1,548

0.1

Booking

Holdings,

Inc.

180

653,018

31,851

1.9

Builders

FirstSource,

Inc.

2,811

586,234

37,246

2.2

Cardinal

Health,

Inc.

5,543

620,262

9,645

0.6

Cigna

Group

(The)

1,477

536,432

15,597

0.9

ConocoPhillips

3,669

466,990

25,756

1.5

Deckers

Outdoor

Corp.

682

641,939

22,097

1.3

General

Electric

Co.

4,614

809,895

25,931

1.5

KB

Home

6,658

471,919

25,434

1.5

Lennar

Corp.

2,869

493,411

44,097

2.6

Medpace

Holdings,

Inc.

1,488

601,375

19,686

1.2

Medtronic

plc

7,615

663,647

26,576

1.6

Microsoft

Corp.

1,635

687,877

5,559

0.3

Molson

Coors

Beverage

Co.

10,656

716,616

(2,131)

(0.1)

NVIDIA

Corp.

1,030

930,667

19,580

1.2

Owens

Corning

4,049

675,373

36,967

2.2

PulteGroup,

Inc.

5,898

711,417

61,575

3.7

Sherwin-Williams

Co.

(The)

1,605

557,465

19,356

1.2

Super

Micro

Computer,

Inc.

791

798,934

7,396

0.4

Toll

Brothers,

Inc.

5,539

716,580

54,227

3.2

Valero

Energy

Corp.

2,953

504,048

12,993

0.8

Vertex

Pharmaceuticals,

Inc.

1,270

530,873

8,420

0.5

Vistra

Corp.

7,895

549,887

56,607

3.4

Walmart,

Inc.

8,343

501,998

(5,757)

(0.3)

Short

Positions

Common

Stocks

United

States

Air

Products

and

Chemicals,

Inc.

(2,376)

(575,634)

7,936

0.5

Atmos

Energy

Corp.

(4,081)

(485,108)

(14,120)

(0.8)

Brown-Forman

Corp.

(9,188)

(474,285)

7,442

0.4

Carrier

Global

Corp.

(8,764)

(509,451)

(9,027)

(0.5)

Celanese

Corp.

(4,444)

(763,746)

(42,440)

(2.5)

178

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

States

(continued)

Cisco

Systems,

Inc.

(9,712)

(484,726)

(6,216)

(0.4)

Coca-Cola

Co.

(The)

(14,690)

(898,734)

(15,425)

(0.9)

Dollar

General

Corp.

(3,255)

(507,975)

(1,009)

(0.1)

FirstEnergy

Corp.

(12,531)

(483,947)

(5,138)

(0.3)

Honeywell

International,

Inc.

(2,918)

(598,920)

(24,774)

(1.5)

Intuit,

Inc.

(760)

(494,000)

(14,904)

(0.9)

Newmont

Corp.

(15,570)

(558,029)

(22,109)

(1.3)

Pfizer,

Inc.

(31,578)

(876,290)

(947)

(0.1)

RTX

Corp.

(6,597)

(643,405)

(26,850)

(1.6)

Texas

Instruments,

Inc.

(3,047)

(530,818)

(15,235)

(0.9)

T-Mobile

US,

Inc.

(3,004)

(490,313)

(6,218)

(0.4)

Tractor

Supply

Co.

(2,512)

(657,441)

(15,072)

(0.9)

Visa,

Inc.

(2,083)

(581,324)

12,436

0.7

Walgreens

Boots

Alliance,

Inc.

(21,303)

(462,062)

(21,303)

(1.3)

Waste

Management,

Inc.

(2,682)

(571,668)

(3,969)

(0.2)

Williams

Cos.,

Inc.

(The)

(17,813)

(694,173)

(31,173)

(1.9)

Wolfspeed,

Inc.

(15,754)

(464,743)

(70,105)

(4.2)

Xylem,

Inc.

(5,112)

(660,675)

(8,946)

(0.5)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2024

179

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

103.8%

COMMON

STOCKS

-

51.6%

Australia

-

0.8%

BHP

Group

Ltd.

(2)(a)

8,261

238,858

BlueScope

Steel

Ltd.

(2)

53,233

827,938

Evolution

Mining

Ltd.

(2)

23,934

55,937

Incitec

Pivot

Ltd.

(2)

37,089

69,852

JB

Hi-Fi

Ltd.

(2)

12,577

526,504

Northern

Star

Resources

Ltd.

(2)(a)

7,860

74,164

Pilbara

Minerals

Ltd.

(2)

53,373

133,190

Qantas

Airways

Ltd.

(2)*

81,115

287,970

Sonic

Healthcare

Ltd.

(2)

5,889

112,850

South32

Ltd.

(2)

116,826

227,966

Whitehaven

Coal

Ltd.

(2)

69,027

319,220

2,874,449

Belgium

-

0.2%

Ageas

SA/NV

(2)

2,487

115,212

Anheuser-Busch

InBev

SA/NV

(2)

(a)

212

12,905

Proximus

SADP

76,370

617,774

745,891

Brazil

-

0.0%

†

Yara

International

ASA

(2)

428

13,572

Canada

-

1.4%

Agnico

Eagle

Mines

Ltd.

(a)

4,732

282,163

Air

Canada

*

49,937

722,945

Cenovus

Energy,

Inc.

7,456

149,059

Empire

Co.

Ltd.,

Class

A

2,041

49,844

Fairfax

Financial

Holdings

Ltd.

585

630,585

Imperial

Oil

Ltd.

6,392

440,888

Manulife

Financial

Corp.

(a)

2,750

68,681

Nutrien

Ltd.

(a)

9,684

526,112

Parkland

Corp.

7,438

236,887

Shopify,

Inc.,

Class

A

*(a)

10,889

840,059

Stantec,

Inc.

517

42,923

Suncor

Energy,

Inc.

22,633

835,276

TFI

International,

Inc.

528

84,196

West

Fraser

Timber

Co.

Ltd.

885

76,416

4,986,034

China

-

0.1%

BOC

Hong

Kong

Holdings

Ltd.

(2)

15,000

40,219

NXP

Semiconductors

NV

807

199,951

240,170

Denmark

-

0.2%

Danske

Bank

A/S

(2)

12,674

380,427

Genmab

A/S

(2)*

46

13,792

ISS

A/S

(2)(a)

15,909

289,844

Novo

Nordisk

A/S,

Class

B

(2)(a)

1,103

141,486

825,549

Finland

-

0.0%

†

Valmet

OYJ

(2)

1,683

44,304

Wartsila

OYJ

Abp

(2)

6,269

95,273

139,577

INVESTMENTS

SHARES

VALUE

($)

France

-

1.1%

Air

France-KLM

(2)*

31,707

352,963

BNP

Paribas

SA

(2)(a)

836

59,519

Bouygues

SA

(2)

546

22,290

Cie

de

Saint-Gobain

SA

(2)

11,170

866,947

Dassault

Aviation

SA

(2)

781

171,953

Eiffage

SA

(2)

152

17,251

Engie

SA

(2)(a)

2,914

48,831

Ipsen

SA

(2)

244

29,035

L'Oreal

SA

(2)(a)

175

82,875

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(2)(a)

127

114,274

Rexel

SA

(2)

12,461

336,607

SCOR

SE

(2)

10,691

370,096

Societe

Generale

SA

(2)

19,658

526,697

TotalEnergies

SE

(2)

6,949

478,017

Verallia

SA

(2)(b)

4,932

191,751

Worldline

SA

(2)*(b)

15,076

186,513

3,855,619

Germany

-

1.4%

Bayerische

Motoren

Werke

AG

(2)

8,330

961,105

Bechtle

AG

(2)

993

52,484

Commerzbank

AG

(2)

35,727

491,039

Daimler

Truck

Holding

AG

(2)

1,501

76,063

Deutsche

Bank

AG

(Registered)

(2)

39,974

629,601

Deutsche

Lufthansa

AG

(Registered)

(2)*

33,754

265,283

Evotec

SE

(2)*

3,986

62,123

Fresenius

Medical

Care

AG

(2)

2,092

80,384

Heidelberg

Materials

AG

(2)(a)

318

35,006

KION

Group

AG

(2)

3,324

174,855

LANXESS

AG

(2)

3,321

88,889

Mercedes-Benz

Group

AG

(2)(a)

10,067

801,705

Nemetschek

SE

(2)

931

92,153

Scout24

SE

(2)(b)

1,458

109,843

TeamViewer

SE

(2)*(b)

29,394

438,037

thyssenkrupp

AG

(2)

61,421

329,488

TUI

AG

(2)*

16,996

139,982

4,828,040

Guatemala

-

0.0%

†

Millicom

International

Cellular

SA,

SDR

(2)*

4,618

94,166

Hong

Kong

-

0.1%

Hang

Lung

Properties

Ltd.

(2)

23,000

23,652

Hong

Kong

Exchanges

&

Clearing

Ltd.

(2)

800

23,311

New

World

Development

Co.

Ltd.

(2)

58,000

61,322

WH

Group

Ltd.

(2)(b)

136,500

90,101

198,386

Italy

-

0.7%

Banco

BPM

SpA

(2)

81,743

543,859

Eni

SpA

(2)

3,058

48,420

Intesa

Sanpaolo

SpA

(2)

36,039

130,841

Leonardo

SpA

(2)

6,657

167,248

UniCredit

SpA

(2)

9,112

346,067

180

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Italy

-

0.7%

(continued)

Unipol

Gruppo

SpA

(2)

148,473

1,244,195

2,480,630

Japan

-

3.5%

Daiichi

Sankyo

Co.

Ltd.

(2)

2,400

76,365

Hitachi

Construction

Machinery

Co.

Ltd.

(2)

4,800

144,823

Honda

Motor

Co.

Ltd.

(2)

11,700

144,772

Iida

Group

Holdings

Co.

Ltd.

(2)

11,600

150,122

Inpex

Corp.

(2)

21,500

326,826

Ito

En

Ltd.

(2)

600

14,676

Japan

Post

Bank

Co.

Ltd.

(2)

8,000

85,963

Japan

Post

Insurance

Co.

Ltd.

(2)

15,000

286,727

JFE

Holdings,

Inc.

(2)(a)

49,600

822,051

JSR

Corp.

(2)*

300

8,587

Kansai

Paint

Co.

Ltd.

(2)

1,800

25,782

Kawasaki

Kisen

Kaisha

Ltd.

(2)

12,000

161,365

Kuraray

Co.

Ltd.

(2)

4,600

49,273

Lasertec

Corp.

(2)

100

28,503

Lion

Corp.

(2)

8,600

76,882

M3,

Inc.

(2)

1,700

24,465

Makita

Corp.

(2)

9,200

261,469

Marubeni

Corp.

(2)

1,100

19,052

Mazda

Motor

Corp.

(2)

49,100

569,050

McDonald's

Holdings

Co.

Japan

Ltd.

(2)

2,100

94,431

Mitsubishi

Corp.

(2)(a)

32,100

741,871

Mitsubishi

Gas

Chemical

Co.,

Inc.

(2)

6,100

102,326

Mitsubishi

Motors

Corp.

(2)

125,200

411,701

Mitsui

Chemicals,

Inc.

(2)

2,600

76,274

Mitsui

OSK

Lines

Ltd.

(2)

1,800

54,912

Mizuho

Financial

Group,

Inc.

(2)

54,400

1,075,776

NGK

Insulators

Ltd.

(2)

9,200

123,707

NIPPON

EXPRESS

HOLDINGS,

Inc.

(2)

800

40,836

Nippon

Steel

Corp.

(2)(a)

25,800

620,864

Nippon

Yusen

KK

(2)

13,100

359,649

Nissan

Motor

Co.

Ltd.

(2)

100,900

399,814

NSK

Ltd.

(2)

30,100

171,755

Obayashi

Corp.

(2)

2,300

27,348

Oji

Holdings

Corp.

(2)

3,400

14,115

Oracle

Corp.

Japan

(2)

1,200

90,241

Panasonic

Holdings

Corp.

(2)

17,300

165,107

Persol

Holdings

Co.

Ltd.

(2)(a)

22,100

30,912

Renesas

Electronics

Corp.

(2)

12,100

215,630

Ricoh

Co.

Ltd.

(2)

7,700

68,414

Ryohin

Keikaku

Co.

Ltd.

(2)(a)

24,000

392,765

SCREEN

Holdings

Co.

Ltd.

(2)

1,300

168,551

Sega

Sammy

Holdings,

Inc.

(2)

4,500

55,584

Shimamura

Co.

Ltd.

(2)(a)

3,400

193,838

Socionext,

Inc.

(2)

4,800

131,112

Sojitz

Corp.

(2)

28,280

745,996

Stanley

Electric

Co.

Ltd.

(2)

1,300

23,014

Subaru

Corp.

(2)

14,900

337,453

SUMCO

Corp.

(2)

900

14,230

Sumitomo

Forestry

Co.

Ltd.

(2)

3,000

94,614

Sumitomo

Heavy

Industries

Ltd.

(2)

1,100

34,638

Tokyo

Century

Corp.

(2)

1,800

18,746

Tokyo

Electron

Ltd.

(2)

3,500

911,571

INVESTMENTS

SHARES

VALUE

($)

Japan

-

3.5%

(continued)

Tosoh

Corp.

(2)

6,700

91,044

Toyota

Boshoku

Corp.

(2)

6,100

103,948

Toyota

Tsusho

Corp.

(2)

5,000

343,354

Yamada

Holdings

Co.

Ltd.

(2)

37,300

108,054

11,930,948

Luxembourg

-

0.1%

Aperam

SA

(2)

829

26,205

ArcelorMittal

SA

(2)

5,627

154,670

180,875

Netherlands

-

1.0%

ABN

AMRO

Bank

NV,

CVA

(2)(b)

4,440

75,978

Argenx

SE

(2)*

166

65,449

ASML

Holding

NV

(2)

526

509,937

BE

Semiconductor

Industries

NV

(2)

3,648

558,796

ING

Groep

NV

(2)

5,135

84,539

Koninklijke

Philips

NV

(2)*

7,970

159,511

Koninklijke

Vopak

NV

(2)

2,614

100,813

NN

Group

NV

(2)

17,866

824,786

Shell

plc

(2)

38,486

1,276,947

3,656,756

New

Zealand

-

0.1%

Xero

Ltd.

(2)*

3,420

296,957

Russia

-

0.0%

Evraz

plc

(3)*

27,473

–

Singapore

-

0.2%

Grab

Holdings

Ltd.,

Class

A

*(a)(c)

87,449

274,590

Sea

Ltd.,

ADR

*(a)(c)

4,205

225,851

Singapore

Airlines

Ltd.

(2)

29,600

140,289

STMicroelectronics

NV

(2)

2,103

90,509

731,239

Spain

-

0.6%

Acerinox

SA

(2)

36,959

405,871

Banco

de

Sabadell

SA

(2)

657,760

1,034,776

Banco

Santander

SA

(2)

115,581

564,548

Bankinter

SA

(2)

5,634

41,280

Mapfre

SA

(2)

60,855

153,852

Repsol

SA

(2)

1,774

29,610

2,229,937

Sweden

-

0.4%

Autoliv,

Inc.

(a)(c)

692

83,338

Billerud

Aktiebolag

(2)

8,692

77,999

Boliden

AB

(2)

3,775

104,823

Electrolux

AB,

Class

B

(2)*

14,536

129,793

Elekta

AB,

Class

B

(2)

11,971

90,232

Skanska

AB,

Class

B

(2)

5,439

96,861

SKF

AB,

Class

B

(2)

14,962

305,446

SSAB

AB,

Class

B

(2)

14,076

103,932

Swedbank

AB,

Class

A

(2)

7,430

147,469

Trelleborg

AB,

Class

B

(2)

5,101

182,401

Volvo

Car

AB,

Class

B

(2)*

48,037

181,867

1,504,161

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

181

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Switzerland

-

0.5%

ABB

Ltd.

(Registered)

(2)(a)

4,749

220,307

Adecco

Group

AG

(Registered)

(2)

(a)

4,577

181,077

Baloise

Holding

AG

(Registered)

(2)

1,341

210,277

DKSH

Holding

AG

190

12,925

Georg

Fischer

AG

(Registered)

(2)

1,899

140,842

Helvetia

Holding

AG

(Registered)

(2)

189

26,058

Lonza

Group

AG

(Registered)

(2)

72

43,027

Novartis

AG

(Registered)

(2)

8,553

828,429

Sandoz

Group

AG

(2)*

1,932

58,319

Swatch

Group

AG

(The)

(2)

138

32,193

Temenos

AG

(Registered)

(2)

1,237

88,483

1,841,937

United

Kingdom

-

1.8%

Aviva

plc

(2)

2,278

14,294

Barclays

plc

(2)

129,817

300,870

BP

plc

(2)

136,029

853,368

British

American

Tobacco

plc

(2)

9,253

280,839

Burberry

Group

plc

(2)

2,637

40,336

Centrica

plc

(2)(a)

599,591

966,578

CK

Hutchison

Holdings

Ltd.

(2)

70,000

336,885

DCC

plc

(2)

1,357

98,730

Direct

Line

Insurance

Group

plc

*

112,313

276,495

Harbour

Energy

plc

(2)

4,000

13,931

HSBC

Holdings

plc

(2)

84,371

659,513

InterContinental

Hotels

Group

plc

(2)(a)

682

70,868

International

Distributions

Services

plc

*

76,349

220,962

Johnson

Matthey

plc

(2)

4,691

106,009

Legal

&

General

Group

plc

(2)

29,397

94,443

Marks

&

Spencer

Group

plc

(2)

138,350

463,316

Melrose

Industries

plc

(2)

12,521

106,315

Rolls-Royce

Holdings

plc

(2)*

158,622

853,445

Taylor

Wimpey

plc

(2)

56,551

97,769

Travis

Perkins

plc

(2)

2,913

26,814

Vodafone

Group

plc

(2)

316,171

280,420

Whitbread

plc

(2)

386

16,138

6,178,338

United

States

-

37.4%

10X

Genomics,

Inc.,

Class

A

*(a)(c)

769

28,861

3M

Co.

8,468

898,201

AbbVie,

Inc.

(a)(c)

1,909

347,629

Adient

plc

*

686

22,583

Adobe,

Inc.

*

2,512

1,267,555

ADT,

Inc.

5,047

33,916

Advanced

Micro

Devices,

Inc.

*

1,331

240,232

AGCO

Corp.

(a)(c)

2,838

349,131

Agilent

Technologies,

Inc.

(a)(c)

687

99,965

Alaska

Air

Group,

Inc.

*

583

25,063

Align

Technology,

Inc.

*

1,064

348,907

Allison

Transmission

Holdings,

Inc.

15,653

1,270,397

Ally

Financial,

Inc.

765

31,051

Alnylam

Pharmaceuticals,

Inc.

*

522

78,013

Alphabet,

Inc.,

Class

A

*(a)

10,725

1,618,724

Alphabet,

Inc.,

Class

C

*(a)

10,703

1,629,639

Altria

Group,

Inc.

(a)

15,225

664,115

INVESTMENTS

SHARES

VALUE

($)

United

States

-

37.4%

(continued)

Amazon.com,

Inc.

*(a)

25,558

4,610,151

Amedisys,

Inc.

*

665

61,286

American

Airlines

Group,

Inc.

*(a)

(c)

34,574

530,711

American

Express

Co.

1,121

255,240

American

International

Group,

Inc.

4,921

384,675

American

Tower

Corp.,

REIT

(a)(c)

725

143,253

Amgen,

Inc.

(a)(c)

562

159,788

Amkor

Technology,

Inc.

12,196

393,199

Analog

Devices,

Inc.

(a)(c)

1,169

231,217

Apellis

Pharmaceuticals,

Inc.

*(a)(c)

1,331

78,236

Apollo

Global

Management,

Inc.

(a)(c)

3,375

379,519

Apple,

Inc.

(a)

27,654

4,742,107

Applied

Materials,

Inc.

4,142

854,205

AppLovin

Corp.,

Class

A

*

3,110

215,274

Aptiv

plc

*

2,110

168,062

Archer-Daniels-Midland

Co.

5,943

373,280

Arista

Networks,

Inc.

*

2,062

597,939

Arrow

Electronics,

Inc.

*

2,181

282,352

AT&T,

Inc.

(a)(c)

43,153

759,493

Axis

Capital

Holdings

Ltd.

9,445

614,114

Baker

Hughes

Co.,

Class

A

31,791

1,064,999

Bank

of

America

Corp.

(a)

49,034

1,859,369

Bank

of

New

York

Mellon

Corp.

(The)

2,208

127,225

Berkshire

Hathaway,

Inc.,

Class

B

*

2,579

1,084,521

Block,

Inc.,

Class

A

*

3,645

308,294

Boeing

Co.

(The)

*

2,670

515,283

Booking

Holdings,

Inc.

(a)

403

1,462,036

Boston

Beer

Co.,

Inc.

(The),

Class

A

*

78

23,745

Bristol-Myers

Squibb

Co.

(a)

11,847

642,463

Broadcom,

Inc.

(a)(c)

877

1,162,385

Builders

FirstSource,

Inc.

*

1,999

416,891

Caesars

Entertainment,

Inc.

*(a)(c)

23,080

1,009,519

Cardinal

Health,

Inc.

(a)

5,883

658,308

Carnival

Corp.

*

3,246

53,040

Catalent,

Inc.

*

355

20,040

Centene

Corp.

*

9,261

726,803

CF

Industries

Holdings,

Inc.

(a)(c)

3,099

257,868

Chipotle

Mexican

Grill,

Inc.,

Class

A

*(a)

32

93,017

Cigna

Group

(The)

(a)

3,534

1,283,513

Cincinnati

Financial

Corp.

1,406

174,583

Cisco

Systems,

Inc.

(a)

37,160

1,854,656

Citigroup,

Inc.

28,916

1,828,648

Citizens

Financial

Group,

Inc.

17,319

628,507

Cleveland-Cliffs,

Inc.

*

25,649

583,258

CNH

Industrial

NV

6,766

87,687

CNO

Financial

Group,

Inc.

(a)(c)

1,041

28,607

Coca-Cola

Co.

(The)

(a)

5,062

309,693

Coca-Cola

Consolidated,

Inc.

538

455,369

Cognizant

Technology

Solutions

Corp.,

Class

A

1,320

96,743

Coherent

Corp.

*

2,534

153,611

Comcast

Corp.,

Class

A

(a)

16,367

709,509

Comfort

Systems

USA,

Inc.

258

81,969

Commercial

Metals

Co.

2,082

122,359

Concentrix

Corp.

(a)

1,431

94,761

182

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

37.4%

(continued)

ConocoPhillips

(a)

2,492

317,182

Corebridge

Financial,

Inc.

1,756

50,450

Costco

Wholesale

Corp.

(a)

278

203,671

Coterra

Energy,

Inc.

9,306

259,451

Crocs,

Inc.

*

6,966

1,001,711

Crowdstrike

Holdings,

Inc.,

Class

A

*(a)

2,569

823,596

Crown

Castle,

Inc.,

REIT

311

32,913

CVS

Health

Corp.

(a)(c)

20,482

1,633,644

Datadog,

Inc.,

Class

A

*

2,635

325,686

DaVita,

Inc.

*

298

41,139

Deckers

Outdoor

Corp.

*

81

76,242

Dell

Technologies,

Inc.,

Class

C

(a)

3,712

423,576

Delta

Air

Lines,

Inc.

5,716

273,625

Dexcom,

Inc.

*

632

87,658

Dick's

Sporting

Goods,

Inc.

(a)(c)

1,775

399,127

Digital

Realty

Trust,

Inc.,

REIT

191

27,512

Discover

Financial

Services

512

67,118

DocuSign,

Inc.,

Class

A

*

28,010

1,667,996

Domino's

Pizza,

Inc.

(a)(c)

253

125,711

DoorDash,

Inc.,

Class

A

*(a)

210

28,921

DR

Horton,

Inc.

(a)

758

124,729

DraftKings,

Inc.,

Class

A

*

27,835

1,263,987

Edwards

Lifesciences

Corp.

*(a)

2,053

196,185

Elevance

Health,

Inc.

(a)

158

81,929

Eli

Lilly

&

Co.

(a)

500

388,980

EnerSys

(a)(c)

4,422

417,702

Enphase

Energy,

Inc.

*(a)(c)

122

14,760

EOG

Resources,

Inc.

(a)(c)

1,756

224,487

EQT

Corp.

2,300

85,261

Equinix,

Inc.,

REIT

61

50,345

Etsy,

Inc.

*(a)(c)

4,042

277,766

Everest

Group

Ltd.

887

352,583

Exact

Sciences

Corp.

*

6,596

455,520

Exelixis,

Inc.

*

17,217

408,559

Exxon

Mobil

Corp.

(a)

3,190

370,806

Federated

Hermes,

Inc.,

Class

B

4,555

164,527

Fidelity

National

Information

Services,

Inc.

6,911

512,658

First

Horizon

Corp.

42,396

652,898

First

Solar,

Inc.

*(a)(c)

1,010

170,488

Fiserv,

Inc.

*(a)(c)

739

118,107

Five

Below,

Inc.

*(a)(c)

1,999

362,579

Flowserve

Corp.

13,408

612,477

Ford

Motor

Co.

30,415

403,911

Fortinet,

Inc.

*

4,365

298,173

Freeport-McMoRan,

Inc.

(a)

337

15,846

Gap,

Inc.

(The)

(a)

10,390

286,245

Gates

Industrial

Corp.

plc

*

55,079

975,449

Generac

Holdings,

Inc.

*

743

93,722

General

Dynamics

Corp.

1,450

409,611

General

Electric

Co.

(a)

9,134

1,603,291

General

Motors

Co.

41,446

1,879,576

Genuine

Parts

Co.

(a)

976

151,212

Gilead

Sciences,

Inc.

(a)

4,662

341,492

Gitlab,

Inc.,

Class

A

*

5,507

321,168

Global

Payments,

Inc.

(a)(c)

3,022

403,921

GoDaddy,

Inc.,

Class

A

*

8,026

952,526

Goodyear

Tire

&

Rubber

Co.

(The)

*

1,093

15,007

INVESTMENTS

SHARES

VALUE

($)

United

States

-

37.4%

(continued)

Grocery

Outlet

Holding

Corp.

*(a)(c)

5,722

164,679

Hawaiian

Electric

Industries,

Inc.

(a)

12,118

136,570

HealthEquity,

Inc.

*

2,492

203,422

Hertz

Global

Holdings,

Inc.

*(a)(c)

2,407

18,847

Hewlett

Packard

Enterprise

Co.

21,010

372,507

HF

Sinclair

Corp.

4,303

259,772

Holcim

AG

(2)(a)

1,393

126,201

Home

Depot,

Inc.

(The)

(a)

647

248,189

HubSpot,

Inc.

*(a)(c)

477

298,869

Humana,

Inc.

3,455

1,197,918

Huntington

Bancshares,

Inc.

16,283

227,148

Huntington

Ingalls

Industries,

Inc.

(a)(c)

2,284

665,717

Incyte

Corp.

*

4,937

281,261

Inspire

Medical

Systems,

Inc.

*(a)

(c)

422

90,641

Insulet

Corp.

*

1,936

331,830

Intel

Corp.

16,200

715,554

International

Paper

Co.

2,788

108,788

Iridium

Communications,

Inc.

799

20,902

Jacobs

Solutions,

Inc.

(a)

91

13,989

James

Hardie

Industries

plc,

CHESS

(2)*(a)

1,791

71,986

Johnson

&

Johnson

(a)

5,505

870,836

Johnson

Controls

International

plc

779

50,884

JPMorgan

Chase

&

Co.

(a)

111

22,233

KB

Home

7,100

503,248

Keurig

Dr

Pepper,

Inc.

467

14,323

KLA

Corp.

447

312,261

Knife

River

Corp.

*

440

35,675

Kraft

Heinz

Co.

(The)

5,087

187,710

Kroger

Co.

(The)

7,272

415,449

L3Harris

Technologies,

Inc.

512

109,107

Lam

Research

Corp.

348

338,106

Lantheus

Holdings,

Inc.

*(a)(c)

1,381

85,953

Las

Vegas

Sands

Corp.

(a)

18,957

980,077

Lennar

Corp.,

Class

A

(a)

3,109

534,686

Lincoln

National

Corp.

3,162

100,963

Lockheed

Martin

Corp.

(a)

586

266,554

LyondellBasell

Industries

NV,

Class

A

(a)

1,068

109,235

Manhattan

Associates,

Inc.

*

274

68,563

Marathon

Petroleum

Corp.

3,809

767,514

Marvell

Technology,

Inc.

304

21,548

Match

Group,

Inc.

*(a)(c)

954

34,611

McKesson

Corp.

(a)

494

265,204

Medpace

Holdings,

Inc.

*(a)(c)

1,488

601,375

Medtronic

plc

(a)

1,443

125,757

Merck

&

Co.,

Inc.

(a)

1,109

146,333

Meta

Platforms,

Inc.,

Class

A

5,130

2,491,024

MetLife,

Inc.

(a)

3,152

233,595

Mettler-Toledo

International,

Inc.

*(a)(c)

167

222,325

Microchip

Technology,

Inc.

509

45,662

Microsoft

Corp.

(a)

10,413

4,380,956

Mister

Car

Wash,

Inc.

*(a)(c)

1,935

14,996

Molson

Coors

Beverage

Co.,

Class

B

(a)(c)

14,428

970,283

Monolithic

Power

Systems,

Inc.

102

69,097

Mosaic

Co.

(The)

17,118

555,650

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

183

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

37.4%

(continued)

Natera,

Inc.

*

607

55,516

Nestle

SA

(Registered)

(2)(a)

1,623

172,444

Netflix,

Inc.

*

1,942

1,179,435

Neurocrine

Biosciences,

Inc.

*

3,077

424,380

Northern

Trust

Corp.

2,322

206,472

Nutanix,

Inc.,

Class

A

*

330

20,368

NVIDIA

Corp.

6,788

6,133,364

Ollie's

Bargain

Outlet

Holdings,

Inc.

*(a)(c)

7,097

564,708

ON

Semiconductor

Corp.

*(a)(c)

5,025

369,589

Oracle

Corp.

(a)

2,061

258,882

Organon

&

Co.

4,676

87,909

Ovintiv,

Inc.

4,159

215,852

Owens

Corning

4,374

729,583

PACCAR,

Inc.

905

112,120

Palantir

Technologies,

Inc.,

Class

A

*(a)(c)

8,175

188,107

Paycom

Software,

Inc.

(a)

123

24,478

PayPal

Holdings,

Inc.

*

12,195

816,943

Pfizer,

Inc.

(a)

6,838

189,755

Pioneer

Natural

Resources

Co.

246

64,575

Playtika

Holding

Corp.

24,946

175,869

Polaris,

Inc.

(a)(c)

420

42,050

Popular,

Inc.

1,585

139,623

PPG

Industries,

Inc.

(a)

5,375

778,838

Premier,

Inc.,

Class

A

5,029

111,141

Prologis,

Inc.,

REIT

1,198

156,004

Prosperity

Bancshares,

Inc.

1,478

97,223

Prudential

Financial,

Inc.

(a)

199

23,363

Public

Storage,

REIT

111

32,197

PulteGroup,

Inc.

(a)

6,262

755,322

Pure

Storage,

Inc.,

Class

A

*

3,001

156,022

Qorvo,

Inc.

*

119

13,665

QUALCOMM,

Inc.

(a)

4,716

798,419

QuidelOrtho

Corp.

*(a)(c)

1,701

81,546

Ralph

Lauren

Corp.,

Class

A

536

100,639

Regeneron

Pharmaceuticals,

Inc.

*(a)

27

25,987

Reinsurance

Group

of

America,

Inc.

799

154,111

RenaissanceRe

Holdings

Ltd.

407

95,657

ResMed,

Inc.

(a)(c)

753

149,117

Rivian

Automotive,

Inc.,

Class

A

*(a)(c)

9,989

109,380

Robinhood

Markets,

Inc.,

Class

A

*

1,648

33,174

Roche

Holding

AG

(2)(a)

643

164,170

Ross

Stores,

Inc.

(a)

1,607

235,843

Royal

Caribbean

Cruises

Ltd.

*(a)

1,364

189,610

Royal

Gold,

Inc.

2,970

361,776

RTX

Corp.

(a)

173

16,873

Salesforce,

Inc.

(a)

3,826

1,152,315

Schlumberger

NV

(a)

1,209

66,265

Scotts

Miracle-Gro

Co.

(The)

1,202

89,657

Sensata

Technologies

Holding

plc

7,432

273,052

ServiceNow,

Inc.

*(a)

518

394,923

Signify

NV

(2)(b)

12,210

375,879

Simon

Property

Group,

Inc.,

REIT

376

58,840

Skechers

USA,

Inc.,

Class

A

*

8,360

512,134

Skyworks

Solutions,

Inc.

(a)(c)

1,709

185,119

Smartsheet,

Inc.,

Class

A

*

7,514

289,289

Snap,

Inc.,

Class

A

*(a)(c)

55,990

642,765

INVESTMENTS

SHARES

VALUE

($)

United

States

-

37.4%

(continued)

Snowflake,

Inc.,

Class

A

*

2,772

447,955

SS&C

Technologies

Holdings,

Inc.

(a)

1,732

111,489

Starbucks

Corp.

(a)

5,396

493,140

State

Street

Corp.

2,835

219,202

Stellantis

NV

(2)(a)

25,602

727,328

Super

Micro

Computer,

Inc.

*(a)(c)

262

264,628

Swiss

Re

AG

(2)

7,803

1,003,738

Synchrony

Financial

9,665

416,755

TD

SYNNEX

Corp.

3,017

341,223

TEGNA,

Inc.

15,645

233,736

Tenet

Healthcare

Corp.

*

1,703

179,002

Teradata

Corp.

*(a)(c)

2,548

98,531

Terex

Corp.

10,296

663,062

Tesla,

Inc.

*(a)

4,585

805,997

Texas

Capital

Bancshares,

Inc.

*

1,127

69,367

Texas

Roadhouse,

Inc.,

Class

A

(a)

3,484

538,173

Textron,

Inc.

(a)(c)

3,706

355,517

Thermo

Fisher

Scientific,

Inc.

(a)

63

36,616

Toll

Brothers,

Inc.

(a)(c)

7,767

1,004,817

Trade

Desk,

Inc.

(The),

Class

A

*

1,792

156,657

Travel

+

Leisure

Co.

(a)(c)

333

16,304

Truist

Financial

Corp.

11,972

466,669

Uber

Technologies,

Inc.

*

10,863

836,342

UiPath,

Inc.,

Class

A

*(a)(c)

5,645

127,972

Ultragenyx

Pharmaceutical,

Inc.

*

401

18,723

United

Airlines

Holdings,

Inc.

*

765

36,628

United

Therapeutics

Corp.

*

1,075

246,949

Unum

Group

7,822

419,729

Valero

Energy

Corp.

6,088

1,039,161

Valley

National

Bancorp

(a)(c)

3,356

26,714

Veeva

Systems,

Inc.,

Class

A

*(a)

483

111,906

Verizon

Communications,

Inc.

(a)

14,819

621,805

Vertex

Pharmaceuticals,

Inc.

*

1,516

633,703

Vertiv

Holdings

Co.,

Class

A

9,430

770,148

Victoria's

Secret

&

Co.

*(a)(c)

713

13,818

Virtu

Financial,

Inc.,

Class

A

21,953

450,476

Walmart,

Inc.

(a)

15,018

903,633

Walt

Disney

Co.

(The)

(a)

1,437

175,831

Wendy's

Co.

(The)

(a)(c)

17,288

325,706

Western

Union

Co.

(The)

(a)(c)

71,410

998,312

Wingstop,

Inc.

(a)(c)

1,833

671,611

Woodward,

Inc.

1,772

273,101

Workday,

Inc.,

Class

A

*

1,699

463,402

Wynn

Resorts

Ltd.

9,638

985,293

Zoom

Video

Communications,

Inc.,

Class

A

*

8,817

576,367

Zscaler,

Inc.

*(a)(c)

1,811

348,853

130,177,783

Zambia

-

0.0%

†

First

Quantum

Minerals

Ltd.

15,778

169,597

TOTAL

COMMON

STOCKS

(Cost

$141,847,360)

180,180,611

184

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

PREFERRED

STOCKS

-

0.1%

Germany

-

0.1%

Volkswagen

AG

(Preference)

(2)

(Cost

$346,417)

2,674

354,637

PRINCIPAL

AMOUNT

FOREIGN

GOVERNMENT

SECURITIES

-

8.4%

Federal

Republic

of

Germany

0.50%,

4/15/2030

(2)(d)(e)

EUR

3,105,200

3,396,946

French

Republic

1.85%,

7/25/2027

(2)(d)(e)

665,498

754,319

0.10%,

3/1/2029

(2)(d)(e)

5,205,596

5,532,940

0.70%,

7/25/2030

(2)(d)(e)

5,177,130

5,705,822

0.10%,

7/25/2031

(2)(d)(e)

3,402,628

3,595,312

0.10%,

3/1/2032

(2)(d)(e)

1,800,896

1,879,986

United

Kingdom

Gilt

Inflation

Linked

0.13%,

3/22/2029

(2)(d)(e)

GBP

636,848

803,721

0.13%,

8/10/2031

(2)(d)(e)

514,980

654,337

1.25%,

11/22/2032

(2)(d)(e)

2,263,131

3,121,995

0.75%,

11/22/2033

(2)(d)(e)

812,376

1,070,827

0.75%,

3/22/2034

(2)(d)(e)

2,116,010

2,775,681

Cost:

$28,951,462

$–

TOTAL

FOREIGN

GOVERNMENT

SECURITIES

(Cost

$28,951,462)

29,291,886

U.S.

TREASURY

OBLIGATIONS

-

9.2%

U.S.

Treasury

Inflation

Linked

Notes

1.63%,

10/15/2027

(2)(e)

$

2,498,760

2,474,666

0.50%,

1/15/2028

(2)(e)

1,000,272

946,440

1.25%,

4/15/2028

(2)(e)

2,570,575

2,497,060

0.75%,

7/15/2028

(2)(e)

860,069

821,615

2.38%,

10/15/2028

(2)(e)

2,718,711

2,781,695

0.25%,

7/15/2029

(2)(e)

723,438

667,031

0.13%,

1/15/2030

(2)(e)

719,244

651,037

0.13%,

7/15/2030

(2)(e)

721,752

650,185

0.13%,

1/15/2031

(2)(e)

3,435,862

3,056,580

0.13%,

7/15/2031

(2)(e)

3,682,304

3,257,665

0.13%,

1/15/2032

(2)(e)

3,894,100

3,401,596

0.63%,

7/15/2032

(2)(e)

3,609,100

3,272,559

1.13%,

1/15/2033

(2)(e)

3,623,865

3,398,503

1.38%,

7/15/2033

(2)(e)

3,351,150

3,216,028

1.75%,

1/15/2034

(2)(e)

1,103,674

1,089,539

Cost:

$32,755,759

$–

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$32,755,759)

32,182,199

SHARES

SHORT-TERM

INVESTMENTS

-

34.5%

INVESTMENT

COMPANIES

-

19.9%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

5.16%

(f)(g)

3,598,976

3,598,976

Limited

Purpose

Cash

Investment

Fund,

5.33%

(f)

66,033,924

66,007,509

TOTAL

INVESTMENT

COMPANIES

(Cost

$69,597,818)

69,606,485

—

‌

—

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

14.6%

U.S.

Treasury

Bills

5.47%,

4/25/2024

(2)(h)

$

3,780,000

3,766,753

5.47%,

5/2/2024

(2)(h)

3,877,000

3,859,374

5.40%,

5/9/2024

(2)(h)

4,772,000

4,745,459

5.37%,

5/23/2024

(2)(h)

937,000

929,896

5.38%,

5/30/2024

(2)(h)

4,244,000

4,207,397

5.11%,

7/18/2024

(2)(h)

8,032,000

7,907,592

5.15%,

7/25/2024

(2)(h)(i)

6,791,000

6,679,289

5.18%,

8/8/2024

(2)(h)(i)

673,000

660,644

5.27%,

8/29/2024

(2)(h)(i)

3,481,000

3,406,887

5.23%,

9/12/2024

(2)(h)

2,764,000

2,699,758

5.27%,

9/19/2024

(2)(h)

12,411,000

12,109,264

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$50,978,677)

50,972,313

—

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$120,576,495)

120,578,798

TOTAL

LONG

POSITIONS

(Cost

$324,477,493)

362,588,131

SHARES

SHORT

POSITIONS

-

(12.2)%

COMMON

STOCKS

-

(12.0)%

Australia

-

(0.3)%

Cleanaway

Waste

Management

Ltd.

(2)

(39,750)

(70,432)

Commonwealth

Bank

of

Australia

(2)

(2,222)

(174,292)

Domino's

Pizza

Enterprises

Ltd.

(2)

(1,574)

(44,469)

Liontown

Resources

Ltd.

(2)

(201,721)

(153,599)

Lynas

Rare

Earths

Ltd.

(2)

(80,733)

(297,983)

Mineral

Resources

Ltd.

(2)

(6,843)

(315,725)

REA

Group

Ltd.

(2)

(258)

(31,174)

WiseTech

Global

Ltd.

(2)

(1,196)

(73,151)

(1,160,825)

Belgium

-

(0.1)%

Liberty

Global

Ltd.,

Class

C

(20,840)

(367,618)

Lotus

Bakeries

NV

(14)

(135,180)

(502,798)

Brazil

-

(0.1)%

MercadoLibre,

Inc.

(183)

(276,689)

Burkina

Faso

-

(0.0)%

†

Endeavour

Mining

plc

(2)

(2,819)

(57,204)

Canada

-

(0.4)%

Brookfield

Corp.,

Class

A

(1,350)

(56,490)

Cameco

Corp.

(804)

(34,806)

Element

Fleet

Management

Corp.

(1,441)

(23,287)

Hydro

One

Ltd.

(b)

(5,378)

(156,828)

Pan

American

Silver

Corp.

(2,095)

(31,582)

RB

Global,

Inc.

(4,573)

(348,305)

Teck

Resources

Ltd.,

Class

B

(12,574)

(575,533)

(1,226,831)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

185

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Chile

-

(0.3)%

Antofagasta

plc

(2)

(16,530)

(424,590)

Lundin

Mining

Corp.

(54,369)

(556,313)

(980,903)

Denmark

-

(0.1)%

Coloplast

A/S,

Class

B

(2)

(406)

(54,817)

DSV

A/S

(2)

(96)

(15,605)

Orsted

A/S

(2)(b)

(7,719)

(431,329)

(501,751)

France

-

(0.1)%

Sartorius

Stedim

Biotech

(2)

(889)

(253,566)

Germany

-

(0.1)%

adidas

AG

(2)

(433)

(96,745)

Siemens

Healthineers

AG

(2)(b)

(6,452)

(394,589)

Wacker

Chemie

AG

(2)

(236)

(26,619)

(517,953)

Italy

-

(0.2)%

Ferrari

NV

(2)

(864)

(376,734)

Infrastrutture

Wireless

Italiane

SpA

(2)(b)

(16,582)

(188,172)

Reply

SpA

(2)

(822)

(116,323)

Telecom

Italia

SpA

(429,739)

(104,362)

(785,591)

Japan

-

(0.6)%

Advantest

Corp.

(2)

(9,100)

(404,249)

Aeon

Co.

Ltd.

(2)

(600)

(14,233)

Ajinomoto

Co.,

Inc.

(2)

(6,600)

(246,468)

Asahi

Intecc

Co.

Ltd.

(2)

(5,300)

(92,855)

Asics

Corp.

(2)

(2,700)

(127,815)

Eisai

Co.

Ltd.

(2)

(3,400)

(140,042)

GMO

Payment

Gateway,

Inc.

(2)

(500)

(32,383)

IHI

Corp.

(2)

(5,200)

(139,005)

Japan

Airport

Terminal

Co.

Ltd.

(2)

(500)

(19,758)

Japan

Post

Holdings

Co.

Ltd.

(2)

(1,400)

(14,105)

Keyence

Corp.

(2)

(400)

(185,704)

Nippon

Telegraph

&

Telephone

Corp.

(2)

(21,500)

(25,609)

Nissan

Chemical

Corp.

(2)

(400)

(15,150)

Nitori

Holdings

Co.

Ltd.

(2)

(800)

(121,242)

NTT

Data

Group

Corp.

(2)

(6,300)

(100,157)

Sysmex

Corp.

(2)

(18,000)

(321,208)

Terumo

Corp.

(2)

(3,400)

(62,215)

Yaskawa

Electric

Corp.

(2)

(1,100)

(46,832)

(2,109,030)

Luxembourg

-

(0.0)%

†

Eurofins

Scientific

SE

(2)

(1,469)

(93,576)

Norway

-

(0.0)%

†

Salmar

ASA

(2)

(682)

(45,011)

South

Korea

-

(0.0)%

†

Delivery

Hero

SE

(2)(b)

(836)

(23,905)

INVESTMENTS

SHARES

VALUE

($)

Spain

-

(0.2)%

Acciona

SA

(2)

(231)

(28,113)

Cellnex

Telecom

SA

(2)(b)

(9,495)

(335,883)

Corp.

ACCIONA

Energias

Renovables

SA

(2)

(5,251)

(114,422)

Endesa

SA

(2)

(3,409)

(63,208)

(541,626)

Sweden

-

(0.1)%

Axfood

AB

(2,105)

(61,199)

Beijer

Ref

AB,

Class

B

(2)

(1,753)

(26,028)

EQT

AB

(2)

(9,747)

(308,585)

Swedish

Orphan

Biovitrum

AB

(4,535)

(113,206)

(509,018)

Switzerland

-

(0.1)%

Bachem

Holding

AG,

Class

B

(2)

(1,000)

(95,763)

DSM-Firmenich

AG

(2)

(462)

(52,544)

SIG

Group

AG

(2)

(6,839)

(151,650)

Sika

AG

(Registered)

(2)

(485)

(144,312)

Straumann

Holding

AG

(Registered)

(2)

(333)

(53,133)

(497,402)

United

Kingdom

-

(0.2)%

ConvaTec

Group

plc

(2)(b)

(19,418)

(70,149)

Flutter

Entertainment

plc

(2)

(1,279)

(254,947)

NatWest

Group

plc

(2)

(24,066)

(80,605)

Rentokil

Initial

plc

(2)

(7,697)

(45,763)

Wise

plc,

Class

A

(2)

(7,809)

(91,282)

(542,746)

United

States

-

(9.1)%

Advance

Auto

Parts,

Inc.

(1,373)

(116,829)

Advanced

Drainage

Systems,

Inc.

(1,202)

(207,032)

AES

Corp.

(The)

(4,817)

(86,369)

Affirm

Holdings,

Inc.,

Class

A

(7,568)

(281,984)

agilon

health,

Inc.

(21,469)

(130,961)

Airbnb,

Inc.,

Class

A

(1,635)

(269,710)

Antero

Resources

Corp.

(522)

(15,138)

Arrowhead

Pharmaceuticals,

Inc.

(17,136)

(490,090)

Aspen

Technology,

Inc.

(715)

(152,495)

Atlassian

Corp.,

Class

A

(1,842)

(359,393)

Avery

Dennison

Corp.

(457)

(102,025)

Avis

Budget

Group,

Inc.

(1,081)

(132,379)

Axon

Enterprise,

Inc.

(75)

(23,466)

Azenta,

Inc.

(5,228)

(315,144)

Bath

&

Body

Works,

Inc.

(4,588)

(229,492)

Bentley

Systems,

Inc.,

Class

B

(1,902)

(99,322)

BILL

Holdings,

Inc.

(321)

(22,059)

Biogen,

Inc.

(587)

(126,575)

BJ's

Wholesale

Club

Holdings,

Inc.

(7,996)

(604,897)

Brookfield

Renewable

Corp.,

Class

A

(723)

(17,742)

BRP,

Inc.

(2,846)

(191,092)

Burlington

Stores,

Inc.

(401)

(93,108)

Cadence

Bank

(5,415)

(157,035)

Calix,

Inc.

(763)

(25,301)

Celanese

Corp.,

Class

A

(3,718)

(638,975)

Celsius

Holdings,

Inc.

(211)

(17,496)

186

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(9.1)%

(continued)

Certara,

Inc.

(6,790)

(121,405)

ChargePoint

Holdings,

Inc.

(35,235)

(66,947)

Chart

Industries,

Inc.

(3,272)

(538,964)

Choice

Hotels

International,

Inc.

(2,315)

(292,500)

Churchill

Downs,

Inc.

(4,765)

(589,669)

Cloudflare,

Inc.,

Class

A

(428)

(41,443)

Coinbase

Global,

Inc.,

Class

A

(732)

(194,068)

Columbia

Sportswear

Co.

(1,116)

(90,597)

Confluent,

Inc.,

Class

A

(8,848)

(270,041)

Coty,

Inc.,

Class

A

(2,243)

(26,826)

Dayforce,

Inc.

(4,165)

(275,765)

DoubleVerify

Holdings,

Inc.

(1,721)

(60,510)

Dropbox,

Inc.,

Class

A

(2,919)

(70,932)

Entegris,

Inc.

(3,114)

(437,642)

EPAM

Systems,

Inc.

(469)

(129,519)

Expedia

Group,

Inc.

(1,017)

(140,092)

First

Financial

Bankshares,

Inc.

(5,720)

(187,673)

Five9,

Inc.

(1,365)

(84,780)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(5,241)

(679,337)

Fox

Factory

Holding

Corp.

(5,865)

(305,391)

Frontier

Communications

Parent,

Inc.

(1,706)

(41,797)

FTI

Consulting,

Inc.

(1,061)

(223,118)

GCI

Liberty,

Inc.

Escrow,

Class

A

(3)

(114)

–

Ginkgo

Bioworks

Holdings,

Inc.,

Class

A

(184,210)

(213,684)

Glacier

Bancorp,

Inc.

(2,485)

(100,096)

Globant

SA

(164)

(33,112)

Globus

Medical,

Inc.,

Class

A

(1,970)

(105,671)

Harley-Davidson,

Inc.

(8,653)

(378,482)

Hayward

Holdings,

Inc.

(36,510)

(558,968)

IAC,

Inc.

(917)

(48,913)

ICU

Medical,

Inc.

(656)

(70,402)

Illumina,

Inc.

(105)

(14,419)

Inari

Medical,

Inc.

(8,438)

(404,855)

Intuit,

Inc.

(865)

(562,250)

Ionis

Pharmaceuticals,

Inc.

(8,921)

(386,725)

Kinsale

Capital

Group,

Inc.

(242)

(126,987)

Kohl's

Corp.

(22,311)

(650,365)

Lancaster

Colony

Corp.

(375)

(77,861)

Lattice

Semiconductor

Corp.

(1,305)

(102,090)

Liberty

Broadband

Corp.,

Class

C

(1,570)

(89,851)

Light

&

Wonder,

Inc.

(665)

(67,890)

Lithia

Motors,

Inc.,

Class

A

(256)

(77,020)

Live

Nation

Entertainment,

Inc.

(737)

(77,952)

Lumentum

Holdings,

Inc.

(8,149)

(385,855)

Lyft,

Inc.,

Class

A

(7,491)

(144,951)

MACOM

Technology

Solutions

Holdings,

Inc.

(685)

(65,513)

Marriott

Vacations

Worldwide

Corp.

(874)

(94,156)

Masimo

Corp.

(3,292)

(483,430)

Mercury

Systems,

Inc.

(6,291)

(185,585)

MGM

Resorts

International

(22,056)

(1,041,263)

MKS

Instruments,

Inc.

(897)

(119,301)

Moderna,

Inc.

(961)

(102,404)

MP

Materials

Corp.

(18,309)

(261,819)

Murphy

USA,

Inc.

(80)

(33,536)

nCino,

Inc.

(6,183)

(231,121)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(9.1)%

(continued)

Neogen

Corp.

(20,145)

(317,888)

New

Fortress

Energy,

Inc.

(3,674)

(112,388)

New

York

Community

Bancorp,

Inc.

(9,416)

(30,320)

Norwegian

Cruise

Line

Holdings

Ltd.

(47,427)

(992,646)

Novanta,

Inc.

(1,478)

(258,310)

Novocure

Ltd.

(5,372)

(83,964)

Occidental

Petroleum

Corp.

(417)

(27,101)

Onto

Innovation,

Inc.

(201)

(36,397)

Ormat

Technologies,

Inc.

(3,056)

(202,277)

Paycor

HCM,

Inc.

(12,338)

(239,851)

Paylocity

Holding

Corp.

(510)

(87,649)

Peloton

Interactive,

Inc.,

Class

A

(95,052)

(407,298)

Penn

Entertainment,

Inc.

(29,978)

(545,899)

Permian

Resources

Corp.,

Class

A

(20,257)

(357,739)

Petco

Health

&

Wellness

Co.,

Inc.,

Class

A

(17,355)

(39,569)

Planet

Fitness,

Inc.,

Class

A

(13,417)

(840,306)

Plug

Power,

Inc.

(91,258)

(313,928)

Power

Integrations,

Inc.

(192)

(13,738)

PVH

Corp.

(2,925)

(411,284)

Quanta

Services,

Inc.

(315)

(81,837)

QuantumScape

Corp.

(82,050)

(516,095)

R1

RCM,

Inc.

(9,031)

(116,319)

Range

Resources

Corp.

(2,219)

(76,400)

Repligen

Corp.

(2,833)

(521,045)

Revvity,

Inc.

(976)

(102,480)

RH

(4,007)

(1,395,477)

ROBLOX

Corp.,

Class

A

(8,210)

(313,458)

Roku,

Inc.,

Class

A

(1,923)

(125,322)

Seagate

Technology

Holdings

plc

(591)

(54,993)

SentinelOne,

Inc.,

Class

A

(4,051)

(94,429)

Shift4

Payments,

Inc.,

Class

A

(3,033)

(200,390)

Shockwave

Medical,

Inc.

(1,610)

(524,264)

Silicon

Laboratories,

Inc.

(189)

(27,163)

SiteOne

Landscape

Supply,

Inc.

(595)

(103,857)

SoFi

Technologies,

Inc.

(6,534)

(47,698)

Sotera

Health

Co.

(11,764)

(141,286)

SouthState

Corp.

(1,490)

(126,695)

Southwest

Gas

Holdings,

Inc.

(7,825)

(595,717)

Sunrun,

Inc.

(25,491)

(335,971)

Take-Two

Interactive

Software,

Inc.

(1,129)

(167,645)

Tandem

Diabetes

Care,

Inc.

(2,654)

(93,978)

Teladoc

Health,

Inc.

(907)

(13,696)

Tempur

Sealy

International,

Inc.

(9,595)

(545,188)

Toro

Co.

(The)

(331)

(30,330)

Tractor

Supply

Co.

(782)

(204,665)

Trex

Co.,

Inc.

(2,772)

(276,507)

Under

Armour,

Inc.,

Class

A

(40,533)

(299,134)

Unity

Software,

Inc.

(11,631)

(310,548)

Vail

Resorts,

Inc.

(1,444)

(321,767)

Valmont

Industries,

Inc.

(575)

(131,261)

Viasat,

Inc.

(2,624)

(47,468)

Waters

Corp.

(631)

(217,209)

Western

Digital

Corp.

(1,920)

(131,021)

WK

Kellogg

Co.

(10,742)

(201,950)

Wolfspeed,

Inc.

(6,455)

(190,423)

YETI

Holdings,

Inc.

(7,288)

(280,952)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

187

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(9.1)%

(continued)

ZoomInfo

Technologies,

Inc.,

Class

A

(2,576)

(41,293)

(31,396,135)

TOTAL

COMMON

STOCKS

(Proceeds

$(40,175,168))

(42,022,560)

PREFERRED

STOCKS

-

(0.2)%

Germany

-

(0.2)%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(b)

(3,542)

(352,280)

Sartorius

AG

(Preference)

(2)

(652)

(258,916)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(573,708))

(611,196)

NO.

OF

WARRANTS

WARRANTS

-

0.0%

Canada

-

0.0%

Constellation

Software,

Inc.,

expiring

3/31/2040

(3)

(Proceeds

$–)

(97)

–

TOTAL

SHORT

POSITIONS

(Proceeds

$(40,748,876))

(42,633,756)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

91.6%

(Cost

$283,728,617)

319,954,375

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

8.4%

‡

29,483,615

NET

ASSETS

-

100.0%

349,437,990

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

9,819,008

2.8

%

Consumer

Discretionary

17,201,255

4.9

Consumer

Staples

4,498,710

1.3

Energy

9,221,016

2.6

Financials

25,800,640

7.4

Foreign

Government

Securities

29,291,886

8.4

Health

Care

10,005,418

2.9

Industrials

20,144,454

5.8

Information

Technology

35,840,428

10.3

Materials

5,328,553

1.5

Real

Estate

586,037

0.2

Utilities

(544,027)

(0.2)

Investment

Companies

69,606,485

19.9

U.S.

Treasury

Obligations

83,154,512

23.8

Total

Investments

In

Securities

At

Value

319,954,375

91.6

Other

Assets

in

Excess

of

Liabilities

‡

29,483,615

8.4

Net

Assets

$

349,437,990

100.0%

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation/(depreciation)

on

forward

foreign

currency

exchange,

futures

and

swap

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$45,883,092,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

(b)

Securities

exempt

from

registration

under

Rule

144A

or

section

4(2),

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$(485,033),

which

represents

(0.14)%

of

net

assets

of

the

Fund.

(c)

All

or

a

portion

of

this

security

has

been

rehypothecated

in

connection

with

the

Fund's

Master

Securities

Loan

Agreement

with

State

Street

Bank

and

Trust

Company.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$11,895,911.

(d)

Security

exempt

from

registration

pursuant

to

Regulation

S

under

the

Securities

Act

of

1933.

Regulation

S

applies

to

securities

offerings

that

are

made

outside

of

the

United

States

and

do

not

involve

direct

selling

efforts

in

the

United

States.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$29,291,886,

which

represents

8.38%

of

net

assets

of

the

Fund.

(e)

Inflation

protected

security.

(f)

Represents

7-day

effective

yield

as

of

March

31,

2024.

(g)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts.

(h)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(i)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

(3)

Security

fair

valued

using

significant

unobservable

inputs

(Level

3)

in

accordance

with

procedures

approved

by

the

Board

of

Trustees.

188

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

Total

return

swap

contracts

outstanding

as

of

March

31,

2024

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Italy

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.79%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/19/2024

EUR

1,368,527

$

45,506

MSCI

Spain

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.24%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/19/2024

EUR

1,729,458

70,358

MSCI

Switzerland

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.49%)

Monthly

BANA

06/19/2024

CHF

(3,127,163)

3,308

Total

unrealized

appreciation

119,172

Amsterdam

Exchange

Index

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

MSCS

04/19/2024

EUR

(5,652,992)

(131,915)

Swiss

Market

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

Monthly

MLIN

06/21/2024

CHF

(20,593,950)

(128,228)

MSCI

Canada

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

CORRA

plus

or

minus

a

specified

spread

(-0.40%)

Monthly

MSCS

06/19/2024

CAD

(2,557,422)

(13,005)

MSCI

Canada

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

CORRA

plus

or

minus

a

specified

spread

(-0.95%)

Monthly

BANA

06/19/2024

CAD

(5,416,901)

(28,087)

MSCI

Germany

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.72%)

Monthly

BANA

06/19/2024

EUR

(5,447,303)

(68,577)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

189

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Netherlands

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(0.02%)

Monthly

BANA

06/19/2024

EUR

(921,847)

$

(21,878)

MSCI

Sweden

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

STIBOR

plus

or

minus

a

specified

spread

(-2.09%)

Monthly

BANA

06/19/2024

SEK

(4,559,724)

(1,900)

Total

unrealized

depreciation

(393,590)

Net

unrealized

depreciation

$

(274,418)

Futures

contracts

outstanding

as

of

March

31,

2024:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

118

4/2024

USD

$

10,266,000

$

225,691

CAC

40

10

Euro

Index

24

4/2024

EUR

2,129,262

5,766

Hang

Seng

Index

19

4/2024

HKD

2,011,205

2,769

Hang

Seng

Index

37

4/2024

HKD

3,916,557

(28,911)

IBEX

35

Index

95

4/2024

EUR

11,342,754

551,383

LME

Aluminum

Base

Metal

1

4/2024

USD

57,673

3,502

LME

Aluminum

Base

Metal

1

4/2024

USD

57,497

1,392

LME

Aluminum

Base

Metal

4

4/2024

USD

231,248

5,826

LME

Aluminum

Base

Metal

4

4/2024

USD

230,933

7,760

LME

Aluminum

Base

Metal

4

4/2024

USD

231,323

3,292

LME

Aluminum

Base

Metal

5

4/2024

USD

288,615

8,069

LME

Aluminum

Base

Metal

5

4/2024

USD

288,716

6,424

LME

Aluminum

Base

Metal

6

4/2024

USD

345,237

9,314

LME

Copper

Base

Metal

1

4/2024

USD

219,724

12,897

LME

Copper

Base

Metal

1

4/2024

USD

220,127

7,074

LME

Copper

Base

Metal

2

4/2024

USD

439,027

19,622

LME

Copper

Base

Metal

2

4/2024

USD

440,325

8,010

LME

Copper

Base

Metal

2

4/2024

USD

438,488

17,133

LME

Copper

Base

Metal

2

4/2024

USD

439,897

11,692

LME

Copper

Base

Metal

3

4/2024

USD

658,187

28,032

LME

Copper

Base

Metal

3

4/2024

USD

658,300

29,468

LME

Copper

Base

Metal

3

4/2024

USD

659,088

34,030

LME

Copper

Base

Metal

4

4/2024

USD

877,431

37,839

LME

Copper

Base

Metal

5

4/2024

USD

1,097,368

45,059

LME

Lead

Base

Metal

1

4/2024

USD

50,799

(701)

LME

Lead

Base

Metal

1

4/2024

USD

50,705

(925)

LME

Lead

Base

Metal

1

4/2024

USD

50,687

(945)

LME

Lead

Base

Metal

1

4/2024

USD

50,910

(3,158)

LME

Lead

Base

Metal

1

4/2024

USD

50,634

(945)

LME

Lead

Base

Metal

1

4/2024

USD

50,736

(2,082)

190

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Lead

Base

Metal

3

4/2024

USD

$

152,450

$

(10,439)

LME

Lead

Base

Metal

3

4/2024

USD

152,681

(9,517)

LME

Nickel

Base

Metal

1

4/2024

USD

99,598

2,665

LME

Nickel

Base

Metal

1

4/2024

USD

99,707

(513)

LME

Nickel

Base

Metal

1

4/2024

USD

99,613

2,177

LME

Nickel

Base

Metal

1

4/2024

USD

99,692

1,619

LME

Nickel

Base

Metal

1

4/2024

USD

99,461

1,929

LME

Nickel

Base

Metal

1

4/2024

USD

99,723

(690)

LME

Nickel

Base

Metal

1

4/2024

USD

99,474

2,062

LME

Nickel

Base

Metal

2

4/2024

USD

199,164

5,898

LME

Zinc

Base

Metal

1

4/2024

USD

60,259

(3,650)

LME

Zinc

Base

Metal

1

4/2024

USD

60,108

(1,235)

LME

Zinc

Base

Metal

1

4/2024

USD

60,092

(2,298)

LME

Zinc

Base

Metal

2

4/2024

USD

119,946

(5,612)

LME

Zinc

Base

Metal

2

4/2024

USD

120,491

(7,565)

LME

Zinc

Base

Metal

2

4/2024

USD

120,247

(3,173)

LME

Zinc

Base

Metal

2

4/2024

USD

119,875

(5,638)

LME

Zinc

Base

Metal

2

4/2024

USD

119,910

(5,977)

LME

Zinc

Base

Metal

2

4/2024

USD

119,981

(5,811)

LME

Zinc

Base

Metal

2

4/2024

USD

119,769

(7,748)

LME

Zinc

Base

Metal

3

4/2024

USD

180,024

(8,370)

RBOB

Gasoline

15

4/2024

USD

1,713,978

5,143

Brent

Crude

Oil

82

5/2024

USD

7,064,300

359,890

Cocoa

8

5/2024

USD

781,280

162,146

Coffee

'C'

25

5/2024

USD

1,770,469

33,824

Corn

210

5/2024

USD

4,641,000

(4,034)

Cotton

No.

2

18

5/2024

USD

822,420

3,487

KC

HRW

Wheat

5

5/2024

USD

146,313

217

LME

Aluminum

Base

Metal

1

5/2024

USD

58,012

2,350

LME

Aluminum

Base

Metal

2

5/2024

USD

116,049

4,706

LME

Aluminum

Base

Metal

3

5/2024

USD

174,092

5,099

LME

Aluminum

Base

Metal

4

5/2024

USD

231,798

10,237

LME

Aluminum

Base

Metal

4

5/2024

USD

231,398

6,141

LME

Aluminum

Base

Metal

4

5/2024

USD

232,098

9,342

LME

Aluminum

Base

Metal

4

5/2024

USD

231,748

8,389

LME

Aluminum

Base

Metal

4

5/2024

USD

231,998

9,874

LME

Aluminum

Base

Metal

4

5/2024

USD

231,473

7,792

LME

Aluminum

Base

Metal

5

5/2024

USD

290,185

13,183

LME

Aluminum

Base

Metal

6

5/2024

USD

348,626

20,795

LME

Aluminum

Base

Metal

12

5/2024

USD

695,106

28,395

LME

Copper

Base

Metal

1

5/2024

USD

220,234

7,543

LME

Copper

Base

Metal

2

5/2024

USD

440,396

14,141

LME

Copper

Base

Metal

2

5/2024

USD

441,265

29,759

LME

Copper

Base

Metal

2

5/2024

USD

441,685

14,854

LME

Copper

Base

Metal

3

5/2024

USD

662,313

20,372

LME

Copper

Base

Metal

3

5/2024

USD

661,447

30,704

LME

Copper

Base

Metal

4

5/2024

USD

884,191

39,206

LME

Copper

Base

Metal

5

5/2024

USD

1,103,318

70,681

LME

Copper

Base

Metal

5

5/2024

USD

1,103,980

33,215

LME

Lead

Base

Metal

1

5/2024

USD

51,174

(354)

LME

Lead

Base

Metal

1

5/2024

USD

51,111

(237)

LME

Lead

Base

Metal

1

5/2024

USD

51,038

(1,365)

LME

Lead

Base

Metal

1

5/2024

USD

51,052

50

LME

Lead

Base

Metal

2

5/2024

USD

102,251

1,505

LME

Lead

Base

Metal

6

5/2024

USD

306,839

(227)

LME

Nickel

Base

Metal

1

5/2024

USD

99,973

1,086

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

191

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Nickel

Base

Metal

1

5/2024

USD

$

99,801

$

2,564

LME

Nickel

Base

Metal

1

5/2024

USD

100,123

(3,214)

LME

Nickel

Base

Metal

1

5/2024

USD

100,117

(294)

LME

Nickel

Base

Metal

1

5/2024

USD

100,148

(4,682)

LME

Nickel

Base

Metal

1

5/2024

USD

99,997

1,754

LME

Nickel

Base

Metal

1

5/2024

USD

99,962

1,629

LME

Nickel

Base

Metal

3

5/2024

USD

300,822

(11,273)

LME

Zinc

Base

Metal

1

5/2024

USD

60,630

(173)

LME

Zinc

Base

Metal

2

5/2024

USD

120,999

5,575

LME

Zinc

Base

Metal

2

5/2024

USD

120,821

5,115

LME

Zinc

Base

Metal

2

5/2024

USD

120,785

1,179

LME

Zinc

Base

Metal

2

5/2024

USD

120,960

4,979

LME

Zinc

Base

Metal

2

5/2024

USD

120,964

4,308

LME

Zinc

Base

Metal

3

5/2024

USD

181,668

1,634

LME

Zinc

Base

Metal

3

5/2024

USD

181,124

68

LME

Zinc

Base

Metal

4

5/2024

USD

242,471

1,509

LME

Zinc

Base

Metal

4

5/2024

USD

242,295

2,083

LME

Zinc

Base

Metal

4

5/2024

USD

242,069

8,595

LME

Zinc

Base

Metal

5

5/2024

USD

302,824

3,172

Low

Sulphur

Gasoil

4

5/2024

USD

323,200

2,300

Natural

Gas

12

5/2024

USD

239,640

(3,102)

NY

Harbor

ULSD

22

5/2024

USD

2,420,603

36,203

RBOB

Gasoline

24

5/2024

USD

2,710,008

117,695

Silver

27

5/2024

USD

3,363,660

83,531

Soybean

Meal

1

5/2024

USD

33,770

(284)

Soybean

Oil

20

5/2024

USD

575,400

(6,595)

WTI

Crude

Oil

86

5/2024

USD

7,088,120

395,059

100

oz

Gold

45

6/2024

USD

10,072,800

454,945

Australia

10

Year

Bond

515

6/2024

AUD

39,062,559

(26,370)

Australia

3

Year

Bond

64

6/2024

AUD

4,456,469

1,259

Euro

STOXX

50

Index

398

6/2024

EUR

21,662,337

616,830

Euro-Bobl

49

6/2024

EUR

6,247,426

36,290

Euro-BTP

31

6/2024

EUR

3,973,523

51,533

Euro-Buxl

14

6/2024

EUR

2,046,578

51,930

Euro-OAT

35

6/2024

EUR

4,834,381

42,309

Euro-Schatz

22

6/2024

EUR

2,508,164

(239)

FTSE

100

Index

184

6/2024

GBP

18,550,980

580,469

FTSE/MIB

Index

157

6/2024

EUR

28,973,202

911,211

Japan

10

Year

Bond

18

6/2024

JPY

17,335,315

35,057

Lean

Hogs

17

6/2024

USD

689,860

1,223

Live

Cattle

31

6/2024

USD

2,235,100

(2,169)

LME

Aluminum

Base

Metal

1

6/2024

USD

58,214

2,385

LME

Aluminum

Base

Metal

1

6/2024

USD

58,241

1,894

LME

Aluminum

Base

Metal

3

6/2024

USD

175,275

1,702

LME

Aluminum

Base

Metal

4

6/2024

USD

233,700

5,130

LME

Aluminum

Base

Metal

4

6/2024

USD

233,452

5,516

LME

Aluminum

Base

Metal

5

6/2024

USD

292,103

2,613

LME

Aluminum

Base

Metal

5

6/2024

USD

291,518

8,876

LME

Aluminum

Base

Metal

6

6/2024

USD

349,971

9,698

LME

Aluminum

Base

Metal

8

6/2024

USD

467,328

3,516

LME

Aluminum

Base

Metal

12

6/2024

USD

700,317

10,982

LME

Aluminum

Base

Metal

93

6/2024

USD

5,428,038

137,555

LME

Copper

Base

Metal

1

6/2024

USD

221,638

760

LME

Copper

Base

Metal

2

6/2024

USD

443,179

(64)

LME

Copper

Base

Metal

2

6/2024

USD

442,477

10,716

LME

Copper

Base

Metal

2

6/2024

USD

442,953

(2,915)

192

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Copper

Base

Metal

3

6/2024

USD

$

664,292

$

15,352

LME

Copper

Base

Metal

3

6/2024

USD

664,838

(1,025)

LME

Copper

Base

Metal

4

6/2024

USD

885,986

(1,242)

LME

Copper

Base

Metal

35

6/2024

USD

7,751,896

306,140

LME

Lead

Base

Metal

1

6/2024

USD

51,351

685

LME

Lead

Base

Metal

1

6/2024

USD

51,276

(1,120)

LME

Lead

Base

Metal

1

6/2024

USD

51,288

(527)

LME

Lead

Base

Metal

1

6/2024

USD

51,326

536

LME

Lead

Base

Metal

2

6/2024

USD

102,738

2,532

LME

Lead

Base

Metal

2

6/2024

USD

102,576

6

LME

Lead

Base

Metal

2

6/2024

USD

102,750

2,570

LME

Lead

Base

Metal

23

6/2024

USD

1,180,199

(23,021)

LME

Nickel

Base

Metal

1

6/2024

USD

100,435

(4,448)

LME

Nickel

Base

Metal

3

6/2024

USD

301,426

(120)

LME

Nickel

Base

Metal

3

6/2024

USD

301,285

(13,598)

LME

Nickel

Base

Metal

8

6/2024

USD

803,535

(5,237)

LME

Zinc

Base

Metal

2

6/2024

USD

121,416

(1,390)

LME

Zinc

Base

Metal

3

6/2024

USD

182,657

(5,384)

LME

Zinc

Base

Metal

4

6/2024

USD

243,825

(5,105)

LME

Zinc

Base

Metal

8

6/2024

USD

487,184

(13,926)

LME

Zinc

Base

Metal

30

6/2024

USD

1,826,378

(56,508)

Long

Gilt

315

6/2024

GBP

39,670,257

584,234

Low

Sulphur

Gasoil

34

6/2024

USD

2,726,800

(20,491)

Russell

2000

E-Mini

Index

18

6/2024

USD

1,931,310

32,076

S&P

500

E-Mini

Index

112

6/2024

USD

29,727,600

424,076

S&P

Midcap

400

E-Mini

Index

5

6/2024

USD

1,538,700

34,001

Sugar

No.

11

144

6/2024

USD

3,572,352

124,406

TOPIX

Index

1

6/2024

JPY

181,629

(2,082)

TOPIX

Index

85

6/2024

JPY

15,438,466

312,948

U.S.

Treasury

10

Year

Note

460

6/2024

USD

50,930,624

241,440

U.S.

Treasury

2

Year

Note

37

6/2024

USD

7,564,477

(5,958)

U.S.

Treasury

5

Year

Note

242

6/2024

USD

25,884,547

70,235

U.S.

Treasury

Long

Bond

109

6/2024

USD

13,110,656

243,521

U.S.

Treasury

Ultra

Bond

62

6/2024

USD

7,980,563

141,858

Aluminum

3

7/2024

USD

174,563

3,854

Cocoa

4

7/2024

USD

372,240

5,249

Coffee

'C'

4

7/2024

USD

282,075

4,414

Corn

20

7/2024

USD

454,500

4,758

Cotton

No.

2

3

7/2024

USD

137,955

(4,031)

KC

HRW

Wheat

1

7/2024

USD

28,988

648

Soybean

11

7/2024

USD

662,888

315

Soybean

Meal

48

7/2024

USD

1,636,800

7,941

Feeder

Cattle

4

8/2024

USD

517,650

(19,343)

Total

of

long

contracts

7,911,616

Short

Contracts

LME

Aluminum

Base

Metal

(1)

4/2024

USD

(57,673)

(3,457)

LME

Aluminum

Base

Metal

(1)

4/2024

USD

(57,497)

(1,363)

LME

Aluminum

Base

Metal

(4)

4/2024

USD

(231,248)

(6,171)

LME

Aluminum

Base

Metal

(4)

4/2024

USD

(230,933)

(7,620)

LME

Aluminum

Base

Metal

(4)

4/2024

USD

(231,323)

(3,775)

LME

Aluminum

Base

Metal

(5)

4/2024

USD

(288,716)

(7,474)

LME

Aluminum

Base

Metal

(5)

4/2024

USD

(288,615)

(6,567)

LME

Aluminum

Base

Metal

(6)

4/2024

USD

(345,237)

(9,015)

LME

Copper

Base

Metal

(1)

4/2024

USD

(219,724)

(12,912)

LME

Copper

Base

Metal

(1)

4/2024

USD

(220,127)

(7,879)

LME

Copper

Base

Metal

(2)

4/2024

USD

(439,027)

(19,693)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

193

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Copper

Base

Metal

(2)

4/2024

USD

$

(438,488)

$

(15,704)

LME

Copper

Base

Metal

(2)

4/2024

USD

(440,325)

(8,280)

LME

Copper

Base

Metal

(2)

4/2024

USD

(439,897)

(11,891)

LME

Copper

Base

Metal

(3)

4/2024

USD

(658,187)

(28,286)

LME

Copper

Base

Metal

(3)

4/2024

USD

(659,088)

(36,594)

LME

Copper

Base

Metal

(3)

4/2024

USD

(658,300)

(30,430)

LME

Copper

Base

Metal

(4)

4/2024

USD

(877,431)

(36,629)

LME

Copper

Base

Metal

(5)

4/2024

USD

(1,097,368)

(46,008)

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,634)

771

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,705)

1,017

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,910)

3,337

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,736)

2,037

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,799)

548

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,687)

910

LME

Lead

Base

Metal

(3)

4/2024

USD

(152,450)

10,611

LME

Lead

Base

Metal

(3)

4/2024

USD

(152,681)

9,611

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,692)

(1,022)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,461)

(2,594)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,474)

(2,307)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,723)

766

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,598)

(2,971)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,707)

160

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,613)

(2,423)

LME

Nickel

Base

Metal

(2)

4/2024

USD

(199,164)

(6,461)

LME

Zinc

Base

Metal

(1)

4/2024

USD

(60,108)

1,064

LME

Zinc

Base

Metal

(1)

4/2024

USD

(60,092)

2,318

LME

Zinc

Base

Metal

(1)

4/2024

USD

(60,259)

3,497

LME

Zinc

Base

Metal

(2)

4/2024

USD

(120,491)

7,659

LME

Zinc

Base

Metal

(2)

4/2024

USD

(119,946)

6,207

LME

Zinc

Base

Metal

(2)

4/2024

USD

(119,875)

5,345

LME

Zinc

Base

Metal

(2)

4/2024

USD

(119,910)

6,159

LME

Zinc

Base

Metal

(2)

4/2024

USD

(120,247)

3,110

LME

Zinc

Base

Metal

(2)

4/2024

USD

(119,981)

6,132

LME

Zinc

Base

Metal

(2)

4/2024

USD

(119,769)

7,250

LME

Zinc

Base

Metal

(3)

4/2024

USD

(180,024)

8,442

Natural

Gas

(14)

4/2024

USD

(246,820)

(2,996)

NY

Harbor

ULSD

(19)

4/2024

USD

(2,092,915)

15,152

OMXS30

Index

(327)

4/2024

SEK

(7,712,178)

(99,715)

Sugar

No.

11

(11)

4/2024

USD

(277,446)

(7,565)

WTI

Crude

Oil

(74)

4/2024

USD

(6,154,580)

(132,795)

Copper

(3)

5/2024

USD

(300,525)

(8,567)

LME

Aluminum

Base

Metal

(1)

5/2024

USD

(58,012)

(2,599)

LME

Aluminum

Base

Metal

(2)

5/2024

USD

(116,049)

(4,805)

LME

Aluminum

Base

Metal

(3)

5/2024

USD

(174,092)

(5,739)

LME

Aluminum

Base

Metal

(4)

5/2024

USD

(231,748)

(7,585)

LME

Aluminum

Base

Metal

(4)

5/2024

USD

(232,098)

(9,274)

LME

Aluminum

Base

Metal

(4)

5/2024

USD

(231,998)

(10,885)

LME

Aluminum

Base

Metal

(4)

5/2024

USD

(231,398)

(6,205)

LME

Aluminum

Base

Metal

(4)

5/2024

USD

(231,798)

(10,596)

LME

Aluminum

Base

Metal

(4)

5/2024

USD

(231,473)

(8,185)

LME

Aluminum

Base

Metal

(5)

5/2024

USD

(290,185)

(14,340)

LME

Aluminum

Base

Metal

(6)

5/2024

USD

(348,626)

(20,650)

LME

Aluminum

Base

Metal

(12)

5/2024

USD

(695,106)

(29,608)

LME

Copper

Base

Metal

(1)

5/2024

USD

(220,234)

(8,015)

LME

Copper

Base

Metal

(2)

5/2024

USD

(441,265)

(29,928)

LME

Copper

Base

Metal

(2)

5/2024

USD

(441,685)

(14,190)

194

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Copper

Base

Metal

(2)

5/2024

USD

$

(440,396)

$

(13,755)

LME

Copper

Base

Metal

(3)

5/2024

USD

(662,313)

(20,812)

LME

Copper

Base

Metal

(3)

5/2024

USD

(661,447)

(31,633)

LME

Copper

Base

Metal

(4)

5/2024

USD

(884,191)

(39,182)

LME

Copper

Base

Metal

(5)

5/2024

USD

(1,103,980)

(35,285)

LME

Copper

Base

Metal

(5)

5/2024

USD

(1,103,318)

(74,205)

LME

Lead

Base

Metal

(1)

5/2024

USD

(51,111)

(72)

LME

Lead

Base

Metal

(1)

5/2024

USD

(51,052)

(187)

LME

Lead

Base

Metal

(1)

5/2024

USD

(51,038)

1,087

LME

Lead

Base

Metal

(1)

5/2024

USD

(51,174)

508

LME

Lead

Base

Metal

(2)

5/2024

USD

(102,251)

(1,656)

LME

Lead

Base

Metal

(6)

5/2024

USD

(306,839)

101

LME

Nickel

Base

Metal

(1)

5/2024

USD

(99,801)

(2,664)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(100,148)

4,849

LME

Nickel

Base

Metal

(1)

5/2024

USD

(99,997)

(2,140)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(99,962)

(2,129)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(100,117)

(40)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(99,973)

(1,036)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(100,123)

3,026

LME

Nickel

Base

Metal

(3)

5/2024

USD

(300,822)

10,570

LME

Zinc

Base

Metal

(1)

5/2024

USD

(60,630)

(102)

LME

Zinc

Base

Metal

(2)

5/2024

USD

(120,964)

(5,244)

LME

Zinc

Base

Metal

(2)

5/2024

USD

(120,999)

(5,390)

LME

Zinc

Base

Metal

(2)

5/2024

USD

(120,785)

(2,595)

LME

Zinc

Base

Metal

(2)

5/2024

USD

(120,821)

(5,075)

LME

Zinc

Base

Metal

(2)

5/2024

USD

(120,960)

(2,295)

LME

Zinc

Base

Metal

(3)

5/2024

USD

(181,124)

107

LME

Zinc

Base

Metal

(3)

5/2024

USD

(181,668)

(1,694)

LME

Zinc

Base

Metal

(4)

5/2024

USD

(242,069)

(7,568)

LME

Zinc

Base

Metal

(4)

5/2024

USD

(242,471)

(1,252)

LME

Zinc

Base

Metal

(4)

5/2024

USD

(242,295)

(3,234)

LME

Zinc

Base

Metal

(5)

5/2024

USD

(302,824)

(3,070)

Soybean

(30)

5/2024

USD

(1,787,250)

(9,724)

Wheat

(8)

5/2024

USD

(224,100)

(4,654)

Canada

10

Year

Bond

(354)

6/2024

CAD

(31,408,010)

(79,033)

DAX

Index

(68)

6/2024

EUR

(34,436,029)

(1,103,915)

Euro-Bund

(40)

6/2024

EUR

(5,750,271)

(64,612)

LME

Aluminum

Base

Metal

(1)

6/2024

USD

(58,241)

(1,919)

LME

Aluminum

Base

Metal

(1)

6/2024

USD

(58,214)

(2,517)

LME

Aluminum

Base

Metal

(3)

6/2024

USD

(175,275)

(2,871)

LME

Aluminum

Base

Metal

(4)

6/2024

USD

(233,700)

(5,312)

LME

Aluminum

Base

Metal

(4)

6/2024

USD

(233,452)

(5,714)

LME

Aluminum

Base

Metal

(5)

6/2024

USD

(292,103)

(1,280)

LME

Aluminum

Base

Metal

(5)

6/2024

USD

(291,518)

(8,931)

LME

Aluminum

Base

Metal

(6)

6/2024

USD

(349,971)

(9,339)

LME

Aluminum

Base

Metal

(6)

6/2024

USD

(350,196)

(21,014)

LME

Aluminum

Base

Metal

(8)

6/2024

USD

(467,328)

(4,943)

LME

Aluminum

Base

Metal

(12)

6/2024

USD

(700,317)

(12,559)

LME

Copper

Base

Metal

(1)

6/2024

USD

(221,638)

(1,166)

LME

Copper

Base

Metal

(2)

6/2024

USD

(442,477)

(11,957)

LME

Copper

Base

Metal

(2)

6/2024

USD

(443,179)

419

LME

Copper

Base

Metal

(2)

6/2024

USD

(442,953)

3,125

LME

Copper

Base

Metal

(3)

6/2024

USD

(664,292)

(14,950)

LME

Copper

Base

Metal

(3)

6/2024

USD

(664,838)

(211)

LME

Copper

Base

Metal

(4)

6/2024

USD

(885,986)

567

LME

Copper

Base

Metal

(35)

6/2024

USD

(7,751,896)

(215,467)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

195

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Lead

Base

Metal

(1)

6/2024

USD

$

(51,351)

$

(737)

LME

Lead

Base

Metal

(1)

6/2024

USD

(51,326)

(545)

LME

Lead

Base

Metal

(1)

6/2024

USD

(51,288)

784

LME

Lead

Base

Metal

(1)

6/2024

USD

(51,276)

972

LME

Lead

Base

Metal

(2)

6/2024

USD

(102,576)

(57)

LME

Lead

Base

Metal

(2)

6/2024

USD

(102,750)

(1,958)

LME

Lead

Base

Metal

(2)

6/2024

USD

(102,738)

(2,448)

LME

Lead

Base

Metal

(7)

6/2024

USD

(359,191)

(6,903)

LME

Nickel

Base

Metal

(1)

6/2024

USD

(100,435)

4,219

LME

Nickel

Base

Metal

(3)

6/2024

USD

(301,426)

918

LME

Nickel

Base

Metal

(3)

6/2024

USD

(301,285)

13,155

LME

Nickel

Base

Metal

(4)

6/2024

USD

(401,768)

17,923

LME

Zinc

Base

Metal

(2)

6/2024

USD

(121,416)

1,534

LME

Zinc

Base

Metal

(3)

6/2024

USD

(182,657)

4,818

LME

Zinc

Base

Metal

(4)

6/2024

USD

(243,825)

3,967

LME

Zinc

Base

Metal

(8)

6/2024

USD

(487,184)

15,780

S&P/TSX

60

Index

(69)

6/2024

CAD

(13,666,029)

(190,699)

SPI

200

Index

(149)

6/2024

AUD

(19,300,228)

(485,326)

Platinum

(1)

2/2025

JPY

(14,533)

(52)

Total

of

short

contracts

(3,094,364)

Net

value

$

4,817,252

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

CAD

5,079,368

USD

3,745,586

CITI

6/20/2024

$

8,593

CAD

5,079,368

USD

3,745,568

JPMC

6/20/2024

8,613

CHF

3,000

USD

3,341

CITI

6/20/2024

15

CHF

3,000

USD

3,341

JPMC

6/20/2024

15

COP

1,495,000,000

USD

374,821

CITI

**

6/20/2024

6,875

COP

1,495,000,000

USD

374,819

JPMC

**

6/20/2024

6,877

CZK

1,750,000

USD

74,585

CITI

6/20/2024

36

CZK

1,750,000

USD

74,585

JPMC

6/20/2024

36

HUF

298,501,125

USD

813,015

CITI

6/20/2024

1,073

HUF

298,501,125

USD

813,011

JPMC

6/20/2024

1,077

MXN

237,056,500

USD

13,756,706

CITI

6/20/2024

323,913

MXN

237,056,500

USD

13,756,637

JPMC

6/20/2024

323,981

PLN

1,824

USD

456

CITI

6/20/2024

1

PLN

1,824

USD

456

JPMC

6/20/2024

1

TWD

375,000

USD

11,750

CITI

**

6/20/2024

12

TWD

375,000

USD

11,750

JPMC

**

6/20/2024

12

USD

8,549,772

AUD

13,013,374

CITI

6/20/2024

50,564

USD

8,549,814

AUD

13,013,374

JPMC

6/20/2024

50,604

USD

327,472

BRL

1,644,500

CITI

**

6/20/2024

2,054

USD

327,474

BRL

1,644,500

JPMC

**

6/20/2024

2,056

USD

3,637,775

CAD

4,905,000

CITI

6/20/2024

12,471

USD

3,637,793

CAD

4,905,000

JPMC

6/20/2024

12,489

USD

18,770,324

CHF

16,382,500

CITI

6/20/2024

443,035

USD

18,770,418

CHF

16,382,500

JPMC

6/20/2024

443,129

USD

463,246

CNY

3,323,500

CITI

**

6/20/2024

3,917

USD

463,249

CNY

3,323,500

JPMC

**

6/20/2024

3,919

196

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

1,991,469

CZK

46,500,000

CITI

6/20/2024

$

8,671

USD

1,991,479

CZK

46,500,000

JPMC

6/20/2024

8,680

USD

275,816

DKK

1,881,500

CITI

6/20/2024

2,572

USD

275,818

DKK

1,881,500

JPMC

6/20/2024

2,573

USD

40,585,078

EUR

37,229,794

CITI

6/20/2024

289,413

USD

40,585,279

EUR

37,229,793

JPMC

6/20/2024

289,615

USD

9,952,348

GBP

7,830,771

CITI

6/20/2024

64,570

USD

9,952,483

GBP

7,830,838

JPMC

6/20/2024

64,619

USD

320,878

HKD

2,503,500

CITI

6/20/2024

284

USD

320,879

HKD

2,503,500

JPMC

6/20/2024

286

USD

1,106,455

ILS

3,986,500

CITI

6/20/2024

18,526

USD

1,106,461

ILS

3,986,500

JPMC

6/20/2024

18,531

USD

13,100,795

JPY

1,935,824,000

CITI

6/20/2024

154,995

USD

13,100,860

JPY

1,935,824,000

JPMC

6/20/2024

155,060

USD

306,546

KRW

399,999,999

CITI

**

6/20/2024

8,886

USD

306,547

KRW

400,000,001

JPMC

**

6/20/2024

8,888

USD

5,996

NOK

62,999

CITI

6/20/2024

182

USD

5,996

NOK

63,000

JPMC

6/20/2024

182

USD

10,647,344

NZD

17,494,000

CITI

6/20/2024

195,012

USD

10,647,397

NZD

17,494,000

JPMC

6/20/2024

195,066

USD

1,160,542

PHP

65,000,000

CITI

**

6/20/2024

4,622

USD

1,160,548

PHP

65,000,000

JPMC

**

6/20/2024

4,627

USD

125,610

PLN

499,624

CITI

6/20/2024

631

USD

125,611

PLN

499,627

JPMC

6/20/2024

632

USD

11,866,054

SEK

122,218,500

CITI

6/20/2024

410,167

USD

11,866,113

SEK

122,218,500

JPMC

6/20/2024

410,226

USD

4,195,602

SGD

5,606,500

CITI

6/20/2024

28,272

USD

4,195,623

SGD

5,606,500

JPMC

6/20/2024

28,293

USD

79,180

ZAR

1,500,000

CITI

6/20/2024

504

USD

79,181

ZAR

1,500,000

JPMC

6/20/2024

504

ZAR

41,757,312

USD

2,161,635

CITI

6/20/2024

28,569

ZAR

41,757,312

USD

2,161,624

JPMC

6/20/2024

28,580

CLP

595,295,332

USD

603,871

CITI

**

6/21/2024

2,467

CLP

595,295,334

USD

603,827

JPMC

**

6/21/2024

2,511

USD

420,982

CLP

409,107,144

CITI

**

6/21/2024

4,285

USD

420,984

CLP

409,107,142

JPMC

**

6/21/2024

4,287

Total

unrealized

appreciation

4,151,156

BRL

31,827,500

USD

6,328,810

CITI

**

6/20/2024

(30,703)

BRL

31,827,500

USD

6,328,544

JPMC

**

6/20/2024

(30,437)

CAD

14,900,632

USD

11,050,832

CITI

6/20/2024

(37,717)

CAD

14,900,632

USD

11,050,777

JPMC

6/20/2024

(37,663)

CHF

528,500

USD

607,140

CITI

6/20/2024

(15,901)

CHF

528,500

USD

607,137

JPMC

6/20/2024

(15,898)

CNY

33,533,000

USD

4,686,806

CITI

**

6/20/2024

(52,322)

CNY

33,533,000

USD

4,686,782

JPMC

**

6/20/2024

(52,299)

CZK

26,250,000

USD

1,129,186

CITI

6/20/2024

(9,865)

CZK

26,250,000

USD

1,129,181

JPMC

6/20/2024

(9,859)

DKK

726,500

USD

106,313

CITI

6/20/2024

(806)

DKK

726,500

USD

106,313

JPMC

6/20/2024

(805)

EUR

14,756,557

USD

16,083,568

CITI

6/20/2024

(111,809)

EUR

14,756,556

USD

16,083,486

JPMC

6/20/2024

(111,729)

GBP

5,413,466

USD

6,885,441

CITI

6/20/2024

(49,952)

GBP

5,413,534

USD

6,885,493

JPMC

6/20/2024

(49,918)

HKD

226,500

USD

29,019

CITI

6/20/2024

(14)

HKD

226,500

USD

29,019

JPMC

6/20/2024

(14)

HUF

1,624,507,875

USD

4,483,836

CITI

6/20/2024

(53,388)

HUF

1,624,507,875

USD

4,483,814

JPMC

6/20/2024

(53,366)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

197

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

INR

1,119,923,500

USD

13,455,866

CITI

**

6/20/2024

$

(58,366)

INR

1,119,923,500

USD

13,455,799

JPMC

**

6/20/2024

(58,299)

JPY

1,764,818,500

USD

11,930,009

CITI

6/20/2024

(127,806)

JPY

1,764,818,500

USD

11,929,949

JPMC

6/20/2024

(127,747)

KRW

3,907,282,498

USD

2,949,933

CITI

**

6/20/2024

(42,332)

KRW

3,907,282,501

USD

2,949,918

JPMC

**

6/20/2024

(42,318)

MXN

2,000,000

USD

118,796

CITI

6/20/2024

(1)

MXN

2,000,000

USD

118,796

JPMC

6/20/2024

–

(a)

NOK

153,437,499

USD

14,600,577

CITI

6/20/2024

(440,413)

NOK

153,437,501

USD

14,602,297

JPMC

6/20/2024

(442,134)

PHP

5,000,000

USD

90,010

CITI

**

6/20/2024

(1,093)

PHP

5,000,000

USD

90,010

JPMC

**

6/20/2024

(1,093)

PLN

2,357,676

USD

596,644

CITI

6/20/2024

(6,886)

PLN

2,357,676

USD

596,641

JPMC

6/20/2024

(6,883)

SEK

41,500,000

USD

4,004,723

CITI

6/20/2024

(114,810)

SEK

41,500,000

USD

4,004,703

JPMC

6/20/2024

(114,790)

SGD

17,000

USD

12,664

CITI

6/20/2024

(28)

SGD

17,000

USD

12,664

JPMC

6/20/2024

(27)

TWD

20,125,000

USD

639,392

CITI

**

6/20/2024

(8,135)

TWD

20,125,000

USD

639,388

JPMC

**

6/20/2024

(8,132)

USD

7,168,841

AUD

10,988,626

CITI

6/20/2024

(7,978)

USD

7,168,877

AUD

10,988,626

JPMC

6/20/2024

(7,940)

USD

373,548

CAD

507,000

CITI

6/20/2024

(1,178)

USD

373,550

CAD

507,000

JPMC

6/20/2024

(1,176)

USD

353,207

COP

1,400,000,000

CITI

**

6/20/2024

(4,234)

USD

353,209

COP

1,400,000,000

JPMC

**

6/20/2024

(4,232)

USD

511,222

CZK

12,000,000

CITI

6/20/2024

(468)

USD

511,224

CZK

12,000,000

JPMC

6/20/2024

(465)

USD

642,620

GBP

509,999

CITI

6/20/2024

(1,347)

USD

642,626

GBP

510,001

JPMC

6/20/2024

(1,343)

USD

157,435

ILS

577,500

CITI

6/20/2024

(167)

USD

157,436

ILS

577,500

JPMC

6/20/2024

(166)

USD

2,772,391

JPY

415,000,000

CITI

6/20/2024

(2,916)

USD

2,772,405

JPY

415,000,000

JPMC

6/20/2024

(2,902)

USD

146,467

MXN

2,500,000

CITI

6/20/2024

(2,027)

USD

146,468

MXN

2,500,000

JPMC

6/20/2024

(2,027)

USD

17,795

PLN

71,376

CITI

6/20/2024

(59)

USD

17,794

PLN

71,373

JPMC

6/20/2024

(59)

USD

155,262

ZAR

3,000,000

CITI

6/20/2024

(2,090)

USD

155,263

ZAR

3,000,000

JPMC

6/20/2024

(2,089)

ZAR

18,358,188

USD

970,857

CITI

6/20/2024

(7,955)

ZAR

18,358,188

USD

970,852

JPMC

6/20/2024

(7,950)

CLP

1,021,186,168

USD

1,055,026

CITI

**

6/21/2024

(14,894)

CLP

1,021,186,166

USD

1,055,020

JPMC

**

6/21/2024

(14,889)

USD

308,834

CLP

304,940,474

CITI

**

6/21/2024

(1,763)

USD

308,835

CLP

304,940,476

JPMC

**

6/21/2024

(1,762)

Total

unrealized

depreciation

(2,419,834)

Net

unrealized

appreciation

$

1,731,322

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

(a)

Represents

less

than

$0.05.

198

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

Affiliate

Value

At

12/31/2023

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2024

Shares

Held

At

3/31/2024

Dividend

Income

Capital

Gain

Distributions

SHORT-TERM

INVESTMENTS

-

46.8%

INVESTMENT

COMPANIES

-

46.8%

Limited

Purpose

Cash

Investment

Fund,

5.33%

(1)^(a)

(Cost

$191,342,579)

$212,191,781

$303,475,121

$(324,257,293)

$4,063

$(5,251)

$191,408,421

191,485,015

$2,457,928

$–

^    No

longer

affiliated

as

of

March

31,

2024.

(1)

Level

1

security.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2024.

INVESTMENTS

SHARES

VALUE

($)

SHORT-TERM

INVESTMENTS

-

88.6%

INVESTMENT

COMPANIES

-

46.8%

Limited

Purpose

Cash

Investment

Fund,

5.33%

(1)(a)(b)

(Cost

$191,342,579)

191,485,015

191,408,421

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

41.8%

U.S.

Treasury

Bills

5.48%,

4/18/2024

(c)

$

19,834,000

19,784,700

5.47%,

4/25/2024

(c)

11,635,000

11,594,224

5.47%,

5/2/2024

(c)

8,554,000

8,515,112

5.40%,

5/9/2024

(c)

5,409,000

5,378,917

5.41%,

5/16/2024

(c)

2,600,000

2,583,006

5.37%,

5/23/2024

(c)

26,202,000

26,003,339

5.38%,

5/30/2024

(c)

6,448,000

6,392,388

5.33%,

6/6/2024

(c)

11,161,000

11,054,240

5.11%,

8/1/2024

(c)

6,843,000

6,723,130

5.18%,

8/8/2024

(c)

2,903,000

2,849,701

5.24%,

9/5/2024

(c)

30,841,000

30,152,489

5.23%,

9/12/2024

(c)

36,306,000

35,462,160

5.27%,

9/19/2024

(c)

1,820,000

1,775,752

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

41.8%

(continued)

5.24%,

9/26/2024

(c)

$

2,483,000

2,420,162

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$170,696,675)

170,689,320

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$362,039,254)

362,097,741

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

88.6%

(Cost

$362,039,254)

362,097,741

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

11.4%

‡

46,407,692

NET

ASSETS

-

100.0%

408,505,433

SECURITY

TYPE

VALUE

%

OF

NET

ASSETS

Investment

Companies

$

191,408,421

46.8

%

U.S.

Treasury

Obligations

170,689,320

41.8

Total

Investments

In

Securities

At

Value

362,097,741

88.6

Other

Assets

in

Excess

of

Liabilities

‡

46,407,692

11.4

Net

Assets

$

408,505,433

100.0%

‡

Includes

appreciation/(depreciation)

on

futures

contracts.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2024.

(b)

For

the

period

ended

March

31,

2024,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

(c)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

All

securities

are

Level

2

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(1)

Level

1

security.

Futures

contracts

outstanding

as

of

March

31,

2024:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

47

4/2024

USD

$

4,089,000

$

143,997

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

199

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Aluminum

Base

Metal

3

4/2024

USD

$

172,252

$

2,443

LME

Aluminum

Base

Metal

4

4/2024

USD

230,692

13,260

LME

Aluminum

Base

Metal

6

4/2024

USD

346,151

22,171

LME

Aluminum

Base

Metal

7

4/2024

USD

402,341

8,486

LME

Aluminum

Base

Metal

10

4/2024

USD

573,973

2,193

LME

Aluminum

Base

Metal

14

4/2024

USD

807,422

42,032

LME

Aluminum

Base

Metal

17

4/2024

USD

978,550

31,905

LME

Aluminum

Base

Metal

17

4/2024

USD

977,453

23,254

LME

Aluminum

Base

Metal

22

4/2024

USD

1,265,380

33,039

LME

Aluminum

Base

Metal

24

4/2024

USD

1,387,938

19,752

LME

Aluminum

Base

Metal

27

4/2024

USD

1,558,103

71,855

LME

Aluminum

Base

Metal

27

4/2024

USD

1,557,171

94,564

LME

Aluminum

Base

Metal

30

4/2024

USD

1,731,998

58,200

LME

Aluminum

Base

Metal

30

4/2024

USD

1,731,690

48,412

LME

Aluminum

Base

Metal

35

4/2024

USD

2,023,420

50,981

LME

Aluminum

Base

Metal

40

4/2024

USD

2,309,730

51,393

LME

Aluminum

Base

Metal

67

4/2024

USD

3,855,147

104,007

LME

Copper

Base

Metal

2

4/2024

USD

440,325

8,010

LME

Copper

Base

Metal

3

4/2024

USD

659,088

35,739

LME

Copper

Base

Metal

3

4/2024

USD

659,739

29,956

LME

Copper

Base

Metal

3

4/2024

USD

659,257

30,524

LME

Copper

Base

Metal

4

4/2024

USD

880,507

29,996

LME

Copper

Base

Metal

6

4/2024

USD

1,320,119

38,912

LME

Copper

Base

Metal

6

4/2024

USD

1,319,263

67,461

LME

Copper

Base

Metal

8

4/2024

USD

1,759,874

47,037

LME

Copper

Base

Metal

13

4/2024

USD

2,849,685

92,110

LME

Copper

Base

Metal

15

4/2024

USD

3,299,228

87,313

LME

Copper

Base

Metal

18

4/2024

USD

3,951,243

176,296

LME

Copper

Base

Metal

19

4/2024

USD

4,165,641

159,822

LME

Copper

Base

Metal

27

4/2024

USD

5,925,785

237,898

LME

Copper

Base

Metal

27

4/2024

USD

5,922,659

253,074

LME

Copper

Base

Metal

28

4/2024

USD

6,143,081

267,201

LME

Copper

Base

Metal

52

4/2024

USD

11,410,542

506,830

LME

Lead

Base

Metal

1

4/2024

USD

50,817

(3,861)

LME

Lead

Base

Metal

2

4/2024

USD

101,600

(2,655)

LME

Lead

Base

Metal

2

4/2024

USD

101,375

(1,889)

LME

Lead

Base

Metal

2

4/2024

USD

101,471

(4,234)

LME

Lead

Base

Metal

2

4/2024

USD

101,411

(1,850)

LME

Lead

Base

Metal

2

4/2024

USD

101,598

(1,157)

LME

Lead

Base

Metal

3

4/2024

USD

151,901

(2,835)

LME

Lead

Base

Metal

23

4/2024

USD

1,166,629

(30,478)

LME

Lead

Base

Metal

49

4/2024

USD

2,489,408

(140,184)

LME

Lead

Base

Metal

77

4/2024

USD

3,911,850

(134,702)

LME

Nickel

Base

Metal

1

4/2024

USD

99,501

1,338

LME

Nickel

Base

Metal

1

4/2024

USD

99,414

2,066

LME

Nickel

Base

Metal

2

4/2024

USD

199,540

1,241

LME

Nickel

Base

Metal

3

4/2024

USD

299,028

5,799

LME

Nickel

Base

Metal

3

4/2024

USD

298,981

11,532

LME

Nickel

Base

Metal

4

4/2024

USD

398,892

(1,680)

LME

Nickel

Base

Metal

8

4/2024

USD

795,793

16,494

LME

Nickel

Base

Metal

9

4/2024

USD

895,146

17,365

LME

Nickel

Base

Metal

10

4/2024

USD

995,978

27,848

LME

Nickel

Base

Metal

10

4/2024

USD

995,821

35,461

LME

Nickel

Base

Metal

11

4/2024

USD

1,093,621

32,111

LME

Nickel

Base

Metal

11

4/2024

USD

1,094,364

24,883

LME

Nickel

Base

Metal

11

4/2024

USD

1,096,779

(1,823)

200

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Nickel

Base

Metal

12

4/2024

USD

$

1,195,361

$

24,965

LME

Zinc

Base

Metal

2

4/2024

USD

119,981

(5,811)

LME

Zinc

Base

Metal

3

4/2024

USD

180,593

(14,191)

LME

Zinc

Base

Metal

4

4/2024

USD

240,693

(9,684)

LME

Zinc

Base

Metal

7

4/2024

USD

420,644

(17,252)

LME

Zinc

Base

Metal

7

4/2024

USD

419,069

(26,976)

LME

Zinc

Base

Metal

10

4/2024

USD

602,588

(39,317)

LME

Zinc

Base

Metal

11

4/2024

USD

661,356

(17,896)

LME

Zinc

Base

Metal

12

4/2024

USD

721,293

(14,814)

LME

Zinc

Base

Metal

14

4/2024

USD

838,383

(54,238)

LME

Zinc

Base

Metal

16

4/2024

USD

959,000

(45,107)

LME

Zinc

Base

Metal

18

4/2024

USD

1,079,190

(53,791)

LME

Zinc

Base

Metal

19

4/2024

USD

1,140,152

(53,009)

LME

Zinc

Base

Metal

19

4/2024

USD

1,144,660

(69,022)

LME

Zinc

Base

Metal

25

4/2024

USD

1,499,319

(70,148)

Natural

Gas

30

4/2024

USD

528,900

(101,403)

Natural

Gas

45

4/2024

GBP

1,198,156

(49,660)

Natural

Gas

60

4/2024

EUR

1,316,691

(14,367)

NY

Harbor

ULSD

9

4/2024

USD

991,381

5,090

RBOB

Gasoline

30

4/2024

USD

3,427,956

114,365

Sugar

No.

11

2

4/2024

USD

50,445

(352)

Sugar

No.

11

17

4/2024

USD

428,781

(2,943)

Sugar

No.

11

29

4/2024

USD

731,450

15,022

WTI

Crude

Oil

70

4/2024

USD

5,821,900

281,678

Brent

Crude

Oil

917

5/2024

USD

78,999,550

3,463,578

Cocoa

31

5/2024

USD

3,027,460

744,758

Coffee

'C'

305

5/2024

USD

21,599,719

263,316

Corn

2,146

5/2024

USD

47,426,600

(352,313)

Cotton

No.

2

7

5/2024

USD

319,830

(9,297)

Cotton

No.

2

36

5/2024

USD

1,644,840

62,245

Cotton

No.

2

98

5/2024

USD

4,477,620

157,370

KC

HRW

Wheat

9

5/2024

USD

263,363

(5,924)

KC

HRW

Wheat

114

5/2024

USD

3,335,925

7,325

LME

Aluminum

Base

Metal

4

5/2024

USD

231,998

9,874

LME

Aluminum

Base

Metal

21

5/2024

USD

1,218,646

36,705

LME

Aluminum

Base

Metal

24

5/2024

USD

1,392,588

56,573

LME

Aluminum

Base

Metal

25

5/2024

USD

1,446,238

38,382

LME

Aluminum

Base

Metal

26

5/2024

USD

1,510,711

88,452

LME

Aluminum

Base

Metal

28

5/2024

USD

1,620,311

54,541

LME

Aluminum

Base

Metal

29

5/2024

USD

1,680,536

74,215

LME

Aluminum

Base

Metal

31

5/2024

USD

1,798,372

72,859

LME

Aluminum

Base

Metal

31

5/2024

USD

1,796,047

65,015

LME

Aluminum

Base

Metal

41

5/2024

USD

2,379,005

86,757

LME

Aluminum

Base

Metal

42

5/2024

USD

2,437,554

128,218

LME

Aluminum

Base

Metal

101

5/2024

USD

5,850,476

238,904

LME

Copper

Base

Metal

2

5/2024

USD

441,221

30,704

LME

Copper

Base

Metal

7

5/2024

USD

1,541,386

47,993

LME

Copper

Base

Metal

9

5/2024

USD

1,984,725

139,436

LME

Copper

Base

Metal

9

5/2024

USD

1,982,101

68,003

LME

Copper

Base

Metal

17

5/2024

USD

3,754,318

126,263

LME

Copper

Base

Metal

17

5/2024

USD

3,757,812

150,942

LME

Copper

Base

Metal

22

5/2024

USD

4,850,610

238,087

LME

Copper

Base

Metal

24

5/2024

USD

5,299,104

159,430

LME

Copper

Base

Metal

24

5/2024

USD

5,298,504

162,975

LME

Copper

Base

Metal

30

5/2024

USD

6,619,905

424,086

LME

Copper

Base

Metal

32

5/2024

USD

7,061,232

332,954

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

201

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Lead

Base

Metal

1

5/2024

USD

$

51,152

$

(567)

LME

Lead

Base

Metal

3

5/2024

USD

153,157

261

LME

Lead

Base

Metal

3

5/2024

USD

153,491

(2,217)

LME

Lead

Base

Metal

4

5/2024

USD

204,614

(3,697)

LME

Lead

Base

Metal

6

5/2024

USD

306,225

(8,191)

LME

Lead

Base

Metal

7

5/2024

USD

358,215

(3,354)

LME

Lead

Base

Metal

15

5/2024

USD

767,003

(16,358)

LME

Lead

Base

Metal

44

5/2024

USD

2,250,149

3,833

LME

Lead

Base

Metal

84

5/2024

USD

4,296,894

(18,969)

LME

Nickel

Base

Metal

1

5/2024

USD

99,952

3,901

LME

Nickel

Base

Metal

2

5/2024

USD

199,602

5,127

LME

Nickel

Base

Metal

3

5/2024

USD

300,894

(18,104)

LME

Nickel

Base

Metal

3

5/2024

USD

300,444

(14,047)

LME

Nickel

Base

Metal

4

5/2024

USD

399,988

5,796

LME

Nickel

Base

Metal

6

5/2024

USD

599,369

24,576

LME

Nickel

Base

Metal

7

5/2024

USD

700,818

(2,060)

LME

Nickel

Base

Metal

9

5/2024

USD

899,662

14,663

LME

Nickel

Base

Metal

9

5/2024

USD

899,756

9,778

LME

Nickel

Base

Metal

11

5/2024

USD

1,101,352

(35,352)

LME

Nickel

Base

Metal

17

5/2024

USD

1,704,657

(64,340)

LME

Zinc

Base

Metal

2

5/2024

USD

120,545

(4,099)

LME

Zinc

Base

Metal

4

5/2024

USD

241,927

8,615

LME

Zinc

Base

Metal

7

5/2024

USD

424,412

(1,559)

LME

Zinc

Base

Metal

9

5/2024

USD

543,695

24,518

LME

Zinc

Base

Metal

18

5/2024

USD

1,087,065

10,986

LME

Zinc

Base

Metal

22

5/2024

USD

1,330,989

60,136

LME

Zinc

Base

Metal

23

5/2024

USD

1,392,788

12,757

LME

Zinc

Base

Metal

23

5/2024

USD

1,388,619

128

LME

Zinc

Base

Metal

27

5/2024

USD

1,632,953

36,273

LME

Zinc

Base

Metal

34

5/2024

USD

2,057,587

72,154

LME

Zinc

Base

Metal

39

5/2024

USD

2,362,376

30,060

LME

Zinc

Base

Metal

44

5/2024

USD

2,664,849

26,980

LME

Zinc

Base

Metal

71

5/2024

USD

4,303,860

23,537

Low

Sulphur

Gasoil

47

5/2024

USD

3,797,600

55,296

Milling

Wheat

No.

2

624

5/2024

EUR

6,849,834

57,385

Natural

Gas

101

5/2024

USD

2,016,970

863

Natural

Gas

426

5/2024

USD

8,507,220

(87,948)

RBOB

Gasoline

189

5/2024

USD

21,341,313

395,480

SGX

Iron

Ore

463

5/2024

USD

4,678,152

(215,669)

Silver

280

5/2024

USD

34,882,400

1,642,204

Soybean

423

5/2024

USD

25,200,225

(70,422)

Soybean

Oil

255

5/2024

USD

7,336,350

94,705

Wheat

156

5/2024

USD

4,369,950

(281,490)

100

oz

Gold

495

6/2024

USD

110,800,799

5,083,564

Lean

Hogs

105

6/2024

USD

4,260,900

7,884

Live

Cattle

44

6/2024

USD

3,172,400

(52,920)

Live

Cattle

113

6/2024

USD

8,147,300

11,392

LME

Aluminum

Base

Metal

2

6/2024

USD

116,482

3,788

LME

Aluminum

Base

Metal

7

6/2024

USD

408,300

11,314

LME

Aluminum

Base

Metal

7

6/2024

USD

408,125

12,427

LME

Aluminum

Base

Metal

22

6/2024

USD

1,283,986

30,340

LME

Aluminum

Base

Metal

30

6/2024

USD

1,752,750

38,474

LME

Aluminum

Base

Metal

42

6/2024

USD

2,444,978

100,159

LME

Aluminum

Base

Metal

54

6/2024

USD

3,154,464

23,731

LME

Aluminum

Base

Metal

56

6/2024

USD

3,271,548

29,271

LME

Aluminum

Base

Metal

86

6/2024

USD

5,018,939

79,386

202

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Aluminum

Base

Metal

1,010

6/2024

USD

$

58,949,660

$

1,658,808

LME

Copper

Base

Metal

1

6/2024

USD

221,195

7,942

LME

Copper

Base

Metal

4

6/2024

USD

886,031

(16,679)

LME

Copper

Base

Metal

6

6/2024

USD

1,329,825

4,559

LME

Copper

Base

Metal

9

6/2024

USD

1,991,147

48,224

LME

Copper

Base

Metal

10

6/2024

USD

2,214,765

(14,574)

LME

Copper

Base

Metal

15

6/2024

USD

3,323,839

(1,138)

LME

Copper

Base

Metal

16

6/2024

USD

3,545,800

(5,250)

LME

Copper

Base

Metal

23

6/2024

USD

5,094,420

(13,707)

LME

Copper

Base

Metal

419

6/2024

USD

92,801,271

4,143,555

LME

Lead

Base

Metal

1

6/2024

USD

51,276

(1,120)

LME

Lead

Base

Metal

3

6/2024

USD

154,052

2,056

LME

Lead

Base

Metal

5

6/2024

USD

256,440

(2,634)

LME

Lead

Base

Metal

6

6/2024

USD

307,728

(1,129)

LME

Lead

Base

Metal

6

6/2024

USD

307,653

(13,363)

LME

Lead

Base

Metal

7

6/2024

USD

359,279

3,749

LME

Lead

Base

Metal

11

6/2024

USD

565,056

13,927

LME

Lead

Base

Metal

393

6/2024

USD

20,166,009

(255,201)

LME

Nickel

Base

Metal

1

6/2024

USD

100,442

(8,770)

LME

Nickel

Base

Metal

3

6/2024

USD

301,306

(13,343)

LME

Nickel

Base

Metal

3

6/2024

USD

301,344

(29,922)

LME

Nickel

Base

Metal

3

6/2024

USD

301,398

(6,182)

LME

Nickel

Base

Metal

3

6/2024

USD

301,200

(19,475)

LME

Nickel

Base

Metal

4

6/2024

USD

401,696

(27,892)

LME

Nickel

Base

Metal

18

6/2024

USD

1,807,712

(77,356)

LME

Nickel

Base

Metal

20

6/2024

USD

2,009,506

(801)

LME

Nickel

Base

Metal

153

6/2024

USD

15,367,614

(82,555)

LME

Zinc

Base

Metal

1

6/2024

USD

60,737

(2,516)

LME

Zinc

Base

Metal

1

6/2024

USD

60,975

456

LME

Zinc

Base

Metal

4

6/2024

USD

243,322

(13,014)

LME

Zinc

Base

Metal

5

6/2024

USD

304,781

(2,835)

LME

Zinc

Base

Metal

13

6/2024

USD

790,504

(41,815)

LME

Zinc

Base

Metal

18

6/2024

USD

1,095,939

(32,304)

LME

Zinc

Base

Metal

26

6/2024

USD

1,578,408

(18,720)

LME

Zinc

Base

Metal

27

6/2024

USD

1,645,819

(34,457)

LME

Zinc

Base

Metal

67

6/2024

USD

4,080,166

(116,889)

LME

Zinc

Base

Metal

750

6/2024

USD

45,659,438

(1,585,255)

Low

Sulphur

Gasoil

142

6/2024

USD

11,388,400

(127,273)

Sugar

No.

11

1,086

6/2024

USD

26,941,488

1,005,942

Aluminum

5

7/2024

USD

290,938

6,996

Cocoa

22

7/2024

USD

2,047,320

28,178

Coffee

'C'

89

7/2024

USD

6,276,169

214,566

Corn

471

7/2024

USD

10,703,475

83,316

Cotton

No.

2

56

7/2024

USD

2,575,160

(32,327)

KC

HRW

Wheat

12

7/2024

USD

347,850

10,308

Soybean

31

7/2024

USD

1,868,138

26,208

Soybean

Meal

535

7/2024

USD

18,243,500

106,818

Feeder

Cattle

21

8/2024

USD

2,717,663

(102,373)

ECX

Emission

224

12/2024

EUR

14,934,736

(2,347,128)

Phelix

De

Base

Electricity

6

12/2024

EUR

4,637,282

(173,764)

Platinum

53

2/2025

JPY

770,247

1,074

Total

of

long

contracts

18,977,778

Short

Contracts

LME

Aluminum

Base

Metal

(3)

4/2024

USD

(172,252)

(2,013)

LME

Aluminum

Base

Metal

(4)

4/2024

USD

(230,692)

(13,353)

LME

Aluminum

Base

Metal

(6)

4/2024

USD

(346,151)

(22,165)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

203

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Aluminum

Base

Metal

(7)

4/2024

USD

$

(402,341)

$

(8,612)

LME

Aluminum

Base

Metal

(10)

4/2024

USD

(573,973)

(1,252)

LME

Aluminum

Base

Metal

(14)

4/2024

USD

(807,422)

(41,051)

LME

Aluminum

Base

Metal

(17)

4/2024

USD

(978,550)

(35,651)

LME

Aluminum

Base

Metal

(17)

4/2024

USD

(977,453)

(23,168)

LME

Aluminum

Base

Metal

(22)

4/2024

USD

(1,265,380)

(32,206)

LME

Aluminum

Base

Metal

(24)

4/2024

USD

(1,387,938)

(21,645)

LME

Aluminum

Base

Metal

(27)

4/2024

USD

(1,557,171)

(88,633)

LME

Aluminum

Base

Metal

(27)

4/2024

USD

(1,558,103)

(88,033)

LME

Aluminum

Base

Metal

(30)

4/2024

USD

(1,731,690)

(44,717)

LME

Aluminum

Base

Metal

(30)

4/2024

USD

(1,731,998)

(62,468)

LME

Aluminum

Base

Metal

(35)

4/2024

USD

(2,023,420)

(61,292)

LME

Aluminum

Base

Metal

(40)

4/2024

USD

(2,309,730)

(62,315)

LME

Aluminum

Base

Metal

(67)

4/2024

USD

(3,855,147)

(100,247)

LME

Copper

Base

Metal

(2)

4/2024

USD

(440,325)

(8,441)

LME

Copper

Base

Metal

(3)

4/2024

USD

(659,739)

(29,297)

LME

Copper

Base

Metal

(3)

4/2024

USD

(659,088)

(36,594)

LME

Copper

Base

Metal

(3)

4/2024

USD

(659,257)

(32,654)

LME

Copper

Base

Metal

(4)

4/2024

USD

(880,507)

(29,614)

LME

Copper

Base

Metal

(6)

4/2024

USD

(1,320,119)

(36,992)

LME

Copper

Base

Metal

(6)

4/2024

USD

(1,319,263)

(67,229)

LME

Copper

Base

Metal

(8)

4/2024

USD

(1,759,874)

(44,101)

LME

Copper

Base

Metal

(13)

4/2024

USD

(2,849,685)

(93,600)

LME

Copper

Base

Metal

(15)

4/2024

USD

(3,299,228)

(89,183)

LME

Copper

Base

Metal

(18)

4/2024

USD

(3,951,243)

(177,240)

LME

Copper

Base

Metal

(19)

4/2024

USD

(4,165,641)

(149,184)

LME

Copper

Base

Metal

(27)

4/2024

USD

(5,925,785)

(248,442)

LME

Copper

Base

Metal

(27)

4/2024

USD

(5,922,659)

(247,243)

LME

Copper

Base

Metal

(28)

4/2024

USD

(6,143,081)

(264,006)

LME

Copper

Base

Metal

(52)

4/2024

USD

(11,410,542)

(527,458)

LME

Lead

Base

Metal

(1)

4/2024

USD

(50,817)

3,391

LME

Lead

Base

Metal

(2)

4/2024

USD

(101,471)

4,324

LME

Lead

Base

Metal

(2)

4/2024

USD

(101,600)

2,620

LME

Lead

Base

Metal

(2)

4/2024

USD

(101,598)

1,138

LME

Lead

Base

Metal

(2)

4/2024

USD

(101,411)

1,984

LME

Lead

Base

Metal

(2)

4/2024

USD

(101,375)

2,120

LME

Lead

Base

Metal

(3)

4/2024

USD

(151,901)

2,313

LME

Lead

Base

Metal

(23)

4/2024

USD

(1,166,629)

29,330

LME

Lead

Base

Metal

(49)

4/2024

USD

(2,489,408)

151,271

LME

Lead

Base

Metal

(77)

4/2024

USD

(3,911,850)

136,623

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,501)

(962)

LME

Nickel

Base

Metal

(1)

4/2024

USD

(99,414)

(1,862)

LME

Nickel

Base

Metal

(2)

4/2024

USD

(199,540)

(1,546)

LME

Nickel

Base

Metal

(3)

4/2024

USD

(298,981)

(11,237)

LME

Nickel

Base

Metal

(3)

4/2024

USD

(299,028)

(5,961)

LME

Nickel

Base

Metal

(4)

4/2024

USD

(398,892)

3,065

LME

Nickel

Base

Metal

(8)

4/2024

USD

(795,793)

(18,457)

LME

Nickel

Base

Metal

(9)

4/2024

USD

(895,146)

(23,342)

LME

Nickel

Base

Metal

(10)

4/2024

USD

(995,821)

(32,303)

LME

Nickel

Base

Metal

(10)

4/2024

USD

(995,978)

(29,709)

LME

Nickel

Base

Metal

(11)

4/2024

USD

(1,094,364)

(21,567)

LME

Nickel

Base

Metal

(11)

4/2024

USD

(1,093,621)

(40,294)

LME

Nickel

Base

Metal

(11)

4/2024

USD

(1,096,779)

1,758

LME

Nickel

Base

Metal

(12)

4/2024

USD

(1,195,361)

(29,071)

LME

Zinc

Base

Metal

(2)

4/2024

USD

(119,981)

6,132

LME

Zinc

Base

Metal

(3)

4/2024

USD

(180,593)

13,651

204

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Zinc

Base

Metal

(4)

4/2024

USD

$

(240,693)

$

9,795

LME

Zinc

Base

Metal

(7)

4/2024

USD

(420,644)

14,758

LME

Zinc

Base

Metal

(7)

4/2024

USD

(419,069)

28,398

LME

Zinc

Base

Metal

(10)

4/2024

USD

(602,588)

34,966

LME

Zinc

Base

Metal

(11)

4/2024

USD

(661,356)

19,048

LME

Zinc

Base

Metal

(12)

4/2024

USD

(721,293)

13,671

LME

Zinc

Base

Metal

(14)

4/2024

USD

(838,383)

50,750

LME

Zinc

Base

Metal

(16)

4/2024

USD

(959,000)

48,603

LME

Zinc

Base

Metal

(18)

4/2024

USD

(1,079,190)

54,906

LME

Zinc

Base

Metal

(19)

4/2024

USD

(1,144,660)

72,762

LME

Zinc

Base

Metal

(19)

4/2024

USD

(1,140,152)

44,016

LME

Zinc

Base

Metal

(25)

4/2024

USD

(1,499,319)

74,413

Natural

Gas

(174)

4/2024

USD

(3,067,620)

(57,870)

Cocoa

(1)

5/2024

USD

(97,660)

1,189

LME

Aluminum

Base

Metal

(4)

5/2024

USD

(231,998)

(10,885)

LME

Aluminum

Base

Metal

(21)

5/2024

USD

(1,218,646)

(40,174)

LME

Aluminum

Base

Metal

(24)

5/2024

USD

(1,392,588)

(55,076)

LME

Aluminum

Base

Metal

(25)

5/2024

USD

(1,446,238)

(39,642)

LME

Aluminum

Base

Metal

(26)

5/2024

USD

(1,510,711)

(88,727)

LME

Aluminum

Base

Metal

(28)

5/2024

USD

(1,620,311)

(55,195)

LME

Aluminum

Base

Metal

(29)

5/2024

USD

(1,680,536)

(79,233)

LME

Aluminum

Base

Metal

(31)

5/2024

USD

(1,796,047)

(55,340)

LME

Aluminum

Base

Metal

(31)

5/2024

USD

(1,798,372)

(82,648)

LME

Aluminum

Base

Metal

(41)

5/2024

USD

(2,379,005)

(97,298)

LME

Aluminum

Base

Metal

(42)

5/2024

USD

(2,437,554)

(120,460)

LME

Aluminum

Base

Metal

(101)

5/2024

USD

(5,850,476)

(242,259)

LME

Copper

Base

Metal

(2)

5/2024

USD

(441,221)

(31,604)

LME

Copper

Base

Metal

(7)

5/2024

USD

(1,541,386)

(48,142)

LME

Copper

Base

Metal

(9)

5/2024

USD

(1,984,725)

(141,999)

LME

Copper

Base

Metal

(9)

5/2024

USD

(1,982,101)

(72,138)

LME

Copper

Base

Metal

(17)

5/2024

USD

(3,757,812)

(155,573)

LME

Copper

Base

Metal

(17)

5/2024

USD

(3,754,318)

(120,613)

LME

Copper

Base

Metal

(22)

5/2024

USD

(4,850,610)

(232,712)

LME

Copper

Base

Metal

(24)

5/2024

USD

(5,299,104)

(170,272)

LME

Copper

Base

Metal

(24)

5/2024

USD

(5,298,504)

(166,720)

LME

Copper

Base

Metal

(30)

5/2024

USD

(6,619,905)

(440,159)

LME

Copper

Base

Metal

(32)

5/2024

USD

(7,061,232)

(327,281)

LME

Lead

Base

Metal

(1)

5/2024

USD

(51,152)

520

LME

Lead

Base

Metal

(3)

5/2024

USD

(153,491)

2,321

LME

Lead

Base

Metal

(3)

5/2024

USD

(153,157)

(561)

LME

Lead

Base

Metal

(4)

5/2024

USD

(204,614)

3,625

LME

Lead

Base

Metal

(6)

5/2024

USD

(306,225)

6,520

LME

Lead

Base

Metal

(7)

5/2024

USD

(358,215)

3,558

LME

Lead

Base

Metal

(15)

5/2024

USD

(767,003)

15,458

LME

Lead

Base

Metal

(44)

5/2024

USD

(2,250,149)

742

LME

Lead

Base

Metal

(84)

5/2024

USD

(4,296,894)

(8,915)

LME

Nickel

Base

Metal

(1)

5/2024

USD

(99,952)

(3,985)

LME

Nickel

Base

Metal

(2)

5/2024

USD

(199,602)

(4,968)

LME

Nickel

Base

Metal

(3)

5/2024

USD

(300,894)

18,057

LME

Nickel

Base

Metal

(3)

5/2024

USD

(300,444)

14,187

LME

Nickel

Base

Metal

(4)

5/2024

USD

(399,988)

(7,689)

LME

Nickel

Base

Metal

(6)

5/2024

USD

(599,369)

(25,607)

LME

Nickel

Base

Metal

(7)

5/2024

USD

(700,818)

21

LME

Nickel

Base

Metal

(9)

5/2024

USD

(899,756)

(7,223)

LME

Nickel

Base

Metal

(9)

5/2024

USD

(899,662)

(14,932)

LME

Nickel

Base

Metal

(11)

5/2024

USD

(1,101,352)

32,634

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

205

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Nickel

Base

Metal

(17)

5/2024

USD

$

(1,704,657)

$

58,455

LME

Zinc

Base

Metal

(2)

5/2024

USD

(120,545)

3,950

LME

Zinc

Base

Metal

(4)

5/2024

USD

(241,927)

(10,489)

LME

Zinc

Base

Metal

(7)

5/2024

USD

(424,412)

(716)

LME

Zinc

Base

Metal

(9)

5/2024

USD

(543,695)

(22,839)

LME

Zinc

Base

Metal

(18)

5/2024

USD

(1,087,065)

(23,351)

LME

Zinc

Base

Metal

(22)

5/2024

USD

(1,330,989)

(59,293)

LME

Zinc

Base

Metal

(23)

5/2024

USD

(1,388,619)

1,155

LME

Zinc

Base

Metal

(23)

5/2024

USD

(1,392,788)

(12,984)

LME

Zinc

Base

Metal

(27)

5/2024

USD

(1,632,953)

(30,979)

LME

Zinc

Base

Metal

(34)

5/2024

USD

(2,057,587)

(64,331)

LME

Zinc

Base

Metal

(39)

5/2024

USD

(2,362,376)

(31,530)

LME

Zinc

Base

Metal

(44)

5/2024

USD

(2,664,849)

(27,012)

LME

Zinc

Base

Metal

(71)

5/2024

USD

(4,303,860)

(17,173)

NY

Harbor

ULSD

(43)

5/2024

USD

(4,731,178)

46,468

Soybean

(312)

5/2024

USD

(18,587,400)

37,824

Soybean

Meal

(62)

5/2024

USD

(2,093,740)

(23,735)

WTI

Crude

Oil

(275)

5/2024

USD

(22,665,500)

(348,367)

LME

Aluminum

Base

Metal

(2)

6/2024

USD

(116,482)

(3,838)

LME

Aluminum

Base

Metal

(7)

6/2024

USD

(408,300)

(10,895)

LME

Aluminum

Base

Metal

(7)

6/2024

USD

(408,125)

(12,444)

LME

Aluminum

Base

Metal

(22)

6/2024

USD

(1,283,986)

(31,427)

LME

Aluminum

Base

Metal

(30)

6/2024

USD

(1,752,750)

(39,840)

LME

Aluminum

Base

Metal

(42)

6/2024

USD

(2,444,978)

(104,503)

LME

Aluminum

Base

Metal

(54)

6/2024

USD

(3,154,464)

(33,122)

LME

Aluminum

Base

Metal

(56)

6/2024

USD

(3,271,548)

(14,365)

LME

Aluminum

Base

Metal

(86)

6/2024

USD

(5,018,939)

(91,672)

LME

Aluminum

Base

Metal

(189)

6/2024

USD

(11,031,174)

(521,152)

LME

Copper

Base

Metal

(1)

6/2024

USD

(221,195)

(8,155)

LME

Copper

Base

Metal

(4)

6/2024

USD

(886,031)

14,958

LME

Copper

Base

Metal

(6)

6/2024

USD

(1,329,825)

(6,997)

LME

Copper

Base

Metal

(9)

6/2024

USD

(1,991,147)

(53,370)

LME

Copper

Base

Metal

(10)

6/2024

USD

(2,214,765)

15,623

LME

Copper

Base

Metal

(15)

6/2024

USD

(3,323,839)

3,143

LME

Copper

Base

Metal

(16)

6/2024

USD

(3,545,800)

(1,124)

LME

Copper

Base

Metal

(23)

6/2024

USD

(5,094,420)

9,727

LME

Copper

Base

Metal

(292)

6/2024

USD

(64,672,963)

(2,022,943)

LME

Lead

Base

Metal

(1)

6/2024

USD

(51,276)

972

LME

Lead

Base

Metal

(3)

6/2024

USD

(154,052)

(2,211)

LME

Lead

Base

Metal

(5)

6/2024

USD

(256,440)

3,922

LME

Lead

Base

Metal

(6)

6/2024

USD

(307,728)

981

LME

Lead

Base

Metal

(6)

6/2024

USD

(307,653)

13,253

LME

Lead

Base

Metal

(7)

6/2024

USD

(359,279)

(3,814)

LME

Lead

Base

Metal

(11)

6/2024

USD

(565,056)

(13,466)

LME

Lead

Base

Metal

(226)

6/2024

USD

(11,596,738)

240,648

LME

Nickel

Base

Metal

(1)

6/2024

USD

(100,442)

8,215

LME

Nickel

Base

Metal

(3)

6/2024

USD

(301,398)

5,999

LME

Nickel

Base

Metal

(3)

6/2024

USD

(301,306)

12,656

LME

Nickel

Base

Metal

(3)

6/2024

USD

(301,200)

22,491

LME

Nickel

Base

Metal

(3)

6/2024

USD

(301,344)

29,307

LME

Nickel

Base

Metal

(4)

6/2024

USD

(401,696)

28,372

LME

Nickel

Base

Metal

(18)

6/2024

USD

(1,807,712)

75,321

LME

Nickel

Base

Metal

(20)

6/2024

USD

(2,009,506)

6,224

LME

Nickel

Base

Metal

(104)

6/2024

USD

(10,445,960)

127,839

LME

Zinc

Base

Metal

(1)

6/2024

USD

(60,737)

2,474

LME

Zinc

Base

Metal

(1)

6/2024

USD

(60,975)

(665)

206

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

LME

Zinc

Base

Metal

(4)

6/2024

USD

$

(243,322)

$

14,666

LME

Zinc

Base

Metal

(5)

6/2024

USD

(304,781)

4,454

LME

Zinc

Base

Metal

(13)

6/2024

USD

(790,504)

49,011

LME

Zinc

Base

Metal

(18)

6/2024

USD

(1,095,939)

28,845

LME

Zinc

Base

Metal

(26)

6/2024

USD

(1,578,408)

19,939

LME

Zinc

Base

Metal

(27)

6/2024

USD

(1,645,819)

26,401

LME

Zinc

Base

Metal

(67)

6/2024

USD

(4,080,166)

132,846

LME

Zinc

Base

Metal

(476)

6/2024

USD

(28,978,523)

(197,795)

Cocoa

(2)

7/2024

USD

(186,120)

494

Coffee

'C'

(71)

7/2024

USD

(5,006,831)

(97,598)

Copper

(2)

7/2024

USD

(201,950)

(2,642)

Corn

(24)

7/2024

USD

(545,400)

(6,930)

Cotton

No.

2

(6)

7/2024

USD

(275,910)

2,064

Soybean

(17)

7/2024

USD

(1,024,463)

9,621

Wheat

(119)

7/2024

USD

(3,425,713)

(83,331)

Feeder

Cattle

(1)

8/2024

USD

(129,413)

5,154

Feeder

Cattle

(3)

8/2024

USD

(388,238)

14,554

Total

of

short

contracts

(8,046,744)

Net

value

$

10,931,034

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2024

207

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

98.3%

COMMON

STOCKS

-

19.2%

Belgium

-

0.1%

Ageas

SA/NV

(2)

11,975

554,749

KBC

Group

NV

(2)

6,031

452,157

Umicore

SA

(2)

5,683

122,523

1,129,429

Brazil

-

0.0%

†

Ambev

SA,

ADR

*

6,306

15,639

Canada

-

0.2%

ARC

Resources

Ltd.

7,975

142,185

Atco

Ltd.,

Class

I

2,274

63,307

CAE,

Inc.

*

2,482

51,251

Capital

Power

Corp.

1,861

52,496

Empire

Co.

Ltd.,

Class

A

4,808

117,418

Finning

International,

Inc.

357

10,492

Fortis,

Inc.

7

277

iA

Financial

Corp.,

Inc.

4,138

257,069

IGM

Financial,

Inc.

7,135

183,991

Kinross

Gold

Corp.

6,005

36,840

Magna

International,

Inc.

1,351

73,597

Onex

Corp.

2,973

222,709

Open

Text

Corp.

116

4,501

Parkland

Corp.

5,415

172,458

Quebecor,

Inc.,

Class

B

3,029

66,392

Restaurant

Brands

International,

Inc.

4,720

374,832

Whitecap

Resources,

Inc.

14,641

110,790

1,940,605

China

-

0.1%

Yangzijiang

Shipbuilding

Holdings

Ltd.

(2)

792,200

1,120,529

Finland

-

0.1%

Fortum

OYJ

(2)

49,498

611,111

Huhtamaki

OYJ

3,824

160,194

Kone

OYJ,

Class

B

(2)

1,713

79,804

Nordea

Bank

Abp

(2)

55,985

632,893

Valmet

OYJ

(2)

4,340

114,247

1,598,249

Germany

-

0.5%

Allianz

SE

(Registered)

(2)

2,046

613,222

Aroundtown

SA

(2)*

49,763

104,904

Aurubis

AG

(2)

933

65,619

Bayerische

Motoren

Werke

AG

(2)

18

2,077

Bechtle

AG

(2)

4,343

229,546

Brenntag

SE

(2)

446

37,589

Commerzbank

AG

(2)

63,405

871,450

Continental

AG

(2)

21,023

1,517,543

Deutsche

Bank

AG

(Registered)

(2)

29,803

469,405

Deutsche

Lufthansa

AG

(Registered)

(2)*

47,326

371,950

Evonik

Industries

AG

(2)

1

20

Freenet

AG

(2)

997

28,057

GEA

Group

AG

(2)

7

296

HelloFresh

SE

(2)*

69,460

495,446

HUGO

BOSS

AG

(2)

368

21,689

INVESTMENTS

SHARES

VALUE

($)

Germany

-

0.5%

(continued)

Knorr-Bremse

AG

(2)

901

68,147

LANXESS

AG

(2)

3,614

96,731

Mercedes-Benz

Group

AG

(2)

1

80

TeamViewer

SE

(2)*(a)

13

194

thyssenkrupp

AG

(2)

53,032

284,486

5,278,451

Italy

-

4.1%

A2A

SpA

(2)(b)

1,916,160

3,456,684

Assicurazioni

Generali

SpA

(2)(b)

195,523

4,949,359

Azimut

Holding

SpA

(2)(b)

64,146

1,743,833

Banco

BPM

SpA

(2)(b)

466,745

3,105,384

Buzzi

SpA

(2)(b)

93,743

3,681,564

Eni

SpA

(2)(b)

254,308

4,026,722

Hera

SpA

(2)(b)

314,375

1,107,758

Intesa

Sanpaolo

SpA

(2)(b)

704,287

2,556,940

Italgas

SpA

(2)(b)

21,158

123,262

Leonardo

SpA

(2)(b)

287,381

7,220,059

Pirelli

&

C

SpA

(2)(a)(b)

71,100

435,345

Poste

Italiane

SpA

(2)(a)(b)

88,686

1,110,722

Prysmian

SpA

(2)(b)

81,959

4,274,486

UniCredit

SpA

(2)(b)

96,114

3,650,343

Unipol

Gruppo

SpA

(2)(b)

557,185

4,669,174

46,111,635

Japan

-

2.5%

Air

Water,

Inc.

(2)

300

4,694

Alfresa

Holdings

Corp.

(2)

4,700

68,299

Asahi

Group

Holdings

Ltd.

(2)

3,700

135,864

Canon,

Inc.

(2)

1,100

32,775

Central

Japan

Railway

Co.

(2)

6,900

171,364

Chubu

Electric

Power

Co.,

Inc.

(2)

94,700

1,238,311

Concordia

Financial

Group

Ltd.

(2)

65,900

331,227

Dai

Nippon

Printing

Co.

Ltd.

(2)

100

3,063

Dai-ichi

Life

Holdings,

Inc.

(2)

48,800

1,244,621

Daito

Trust

Construction

Co.

Ltd.

(2)

3,600

410,698

Daiwa

House

Industry

Co.

Ltd.

(2)

17,800

529,824

Dentsu

Group,

Inc.

(2)

3,300

91,630

ENEOS

Holdings,

Inc.

(2)

195,700

942,854

Hikari

Tsushin,

Inc.

(2)

200

37,614

Idemitsu

Kosan

Co.

Ltd.

(2)

207,300

1,421,278

Iida

Group

Holdings

Co.

Ltd.

(2)

11,300

146,240

Inpex

Corp.

(2)

71,800

1,091,445

Isuzu

Motors

Ltd.

(2)

500

6,759

Ito

En

Ltd.

(2)

1,300

31,797

ITOCHU

Corp.

(2)

700

30,072

Japan

Post

Bank

Co.

Ltd.

(2)

119,900

1,288,363

Japan

Post

Holdings

Co.

Ltd.

(2)

160,900

1,621,089

Japan

Post

Insurance

Co.

Ltd.

(2)

32,200

615,508

Japan

Real

Estate

Investment

Corp.,

REIT

(2)

14

49,908

JFE

Holdings,

Inc.

(2)

13,100

217,114

Kansai

Electric

Power

Co.,

Inc.

(The)

(2)

71,900

1,025,928

Kansai

Paint

Co.

Ltd.

(2)

29,600

423,964

Kao

Corp.

(2)

1,600

59,789

Kirin

Holdings

Co.

Ltd.

(2)

13,700

190,516

Kobe

Steel

Ltd.

(2)

94,600

1,283,726

Koito

Manufacturing

Co.

Ltd.

(2)

300

4,044

208

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

2.5%

(continued)

Kose

Corp.

(2)

3,200

171,484

Kuraray

Co.

Ltd.

(2)

30,100

322,415

Kyowa

Kirin

Co.

Ltd.

(2)

4,200

75,563

Mazda

Motor

Corp.

(2)

9,900

114,737

McDonald's

Holdings

Co.

Japan

Ltd.

(2)

300

13,490

Medipal

Holdings

Corp.

(2)

5,200

79,578

MISUMI

Group,

Inc.

(2)

8,600

119,807

Mitsubishi

Chemical

Group

Corp.

(2)

8,200

49,973

Mitsubishi

Gas

Chemical

Co.,

Inc.

(2)

7,600

127,488

Mitsubishi

HC

Capital,

Inc.

(2)

17,800

124,149

Mitsubishi

Motors

Corp.

(2)

34,200

112,461

Mitsui

OSK

Lines

Ltd.

(2)

13,600

414,890

Mizuho

Financial

Group,

Inc.

(2)

41,700

824,630

NGK

Insulators

Ltd.

(2)

15,600

209,765

Nippon

Sanso

Holdings

Corp.

(2)

400

12,550

Nippon

Steel

Corp.

(2)

31,500

758,031

Nippon

Yusen

KK

(2)

21,900

601,245

Nisshin

Seifun

Group,

Inc.

(2)

9,600

132,268

Nomura

Real

Estate

Master

Fund,

Inc.,

REIT

(2)

215

212,600

NSK

Ltd.

(2)

29,700

169,473

Oji

Holdings

Corp.

(2)

166,300

690,379

Ono

Pharmaceutical

Co.

Ltd.

(2)

16,800

275,267

Open

House

Group

Co.

Ltd.

(2)

2,800

90,561

ORIX

Corp.

(2)

11,400

249,338

Osaka

Gas

Co.

Ltd.

(2)

7,600

170,970

Otsuka

Holdings

Co.

Ltd.

(2)

5,300

220,153

Panasonic

Holdings

Corp.

(2)

76,800

732,961

Persol

Holdings

Co.

Ltd.

(2)

25,000

34,968

Santen

Pharmaceutical

Co.

Ltd.

(2)

10,400

102,277

Secom

Co.

Ltd.

(2)

1,800

130,595

Sekisui

Chemical

Co.

Ltd.

(2)

10,300

150,695

Sharp

Corp.

(2)*

7,800

43,442

Shimizu

Corp.

(2)

400

2,583

Shizuoka

Financial

Group,

Inc.

(2)

3,200

30,450

Sohgo

Security

Services

Co.

Ltd.

(2)

46,900

254,655

Sojitz

Corp.

(2)

2,800

73,861

Subaru

Corp.

(2)

5,200

117,769

Sumitomo

Corp.

(2)

8,800

211,974

Sumitomo

Forestry

Co.

Ltd.

(2)

1,200

37,845

Sumitomo

Heavy

Industries

Ltd.

(2)

500

15,745

Sumitomo

Mitsui

Trust

Holdings,

Inc.

(2)

15,300

329,663

T&D

Holdings,

Inc.

(2)

11,800

205,133

Tokio

Marine

Holdings,

Inc.

(2)

22,800

714,695

Tokyo

Century

Corp.

(2)

24,500

255,159

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(2)*

314,100

1,909,141

Tokyo

Gas

Co.

Ltd.

(2)

22,700

516,035

TOPPAN

Holdings,

Inc.

(2)

1,900

47,627

Toray

Industries,

Inc.

(2)

7,900

37,935

Tosoh

Corp.

(2)

42,300

574,802

Toyota

Boshoku

Corp.

(2)

5,400

92,020

Toyota

Tsusho

Corp.

(2)

2,000

137,342

United

Urban

Investment

Corp.,

REIT

(2)

3

3,052

INVESTMENTS

SHARES

VALUE

($)

Japan

-

2.5%

(continued)

Yamada

Holdings

Co.

Ltd.

(2)

40,600

117,614

Yamato

Holdings

Co.

Ltd.

(2)

6,700

96,430

Yamazaki

Baking

Co.

Ltd.

(2)

4,400

113,662

Zensho

Holdings

Co.

Ltd.

(2)

600

24,951

28,208,724

Luxembourg

-

0.1%

Aperam

SA

(2)

1,660

52,473

ArcelorMittal

SA

(2)

35,856

985,579

1,038,052

Mexico

-

0.0%

†

Coca-Cola

Femsa

SAB

de

CV,

ADR

82

7,970

Fomento

Economico

Mexicano

SAB

de

CV,

ADR

2,591

337,530

Grupo

Aeroportuario

del

Sureste

SAB

de

CV,

ADR

304

96,879

442,379

Netherlands

-

0.2%

ABN

AMRO

Bank

NV,

CVA

(2)(a)

12,032

205,895

ASR

Nederland

NV

(2)

5,856

287,001

EXOR

NV

(2)

1,855

206,436

Koninklijke

Philips

NV

(2)*

199

3,983

NN

Group

NV

(2)

37,057

1,710,739

Randstad

NV

(2)

2,474

130,641

2,544,695

Singapore

-

0.1%

Genting

Singapore

Ltd.

(2)

339,200

222,460

Jardine

Cycle

&

Carriage

Ltd.

(2)

12,800

229,179

Singapore

Airlines

Ltd.

(2)

51,100

242,189

United

Overseas

Bank

Ltd.

(2)

1,500

32,610

726,438

South

Africa

-

0.1%

Harmony

Gold

Mining

Co.

Ltd.,

ADR

76,194

622,505

Sweden

-

0.3%

Billerud

Aktiebolag

(2)

835

7,493

Elekta

AB,

Class

B

(2)

1,578

11,894

Essity

AB,

Class

B

(2)

29,207

693,787

H

&

M

Hennes

&

Mauritz

AB,

Class

B

(2)

5,669

92,439

Husqvarna

AB,

Class

B

(2)

1,397

11,954

Securitas

AB,

Class

B

(2)

10,614

109,420

Skandinaviska

Enskilda

Banken

AB,

Class

A

(2)

38,144

516,757

Skanska

AB,

Class

B

(2)

2,465

43,898

SKF

AB,

Class

B

(2)

12,716

259,595

SSAB

AB,

Class

B

(2)

62,066

458,274

Svenska

Handelsbanken

AB,

Class

A

(2)

7,672

77,564

Swedbank

AB,

Class

A

(2)

6,751

133,992

Trelleborg

AB,

Class

B

(2)

1,058

37,832

Volvo

Car

AB,

Class

B

(2)*

112,186

424,735

2,879,634

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

209

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Switzerland

-

0.2%

ABB

Ltd.

(Registered)

(2)

5,107

236,915

Adecco

Group

AG

(Registered)

(2)

9,151

362,034

DKSH

Holding

AG

3,082

209,659

Flughafen

Zurich

AG

(Registered)

(2)

523

118,758

Helvetia

Holding

AG

(Registered)

(2)

19

2,620

Logitech

International

SA

(Registered)

(2)

3,467

310,676

Novartis

AG

(Registered)

(2)

7,623

738,351

Schindler

Holding

AG

(2)

732

184,258

Swatch

Group

AG

(The)

(2)

195

45,490

2,208,761

United

States

-

10.6%

3M

Co.

3,672

389,489

A

O

Smith

Corp.

24

2,147

Adient

plc

*

1,370

45,100

Adobe,

Inc.

*

89

44,909

ADT,

Inc.

38,531

258,928

AECOM

176

17,262

Aflac,

Inc.

12,309

1,056,851

AGCO

Corp.

6,982

858,926

Agilent

Technologies,

Inc.

152

22,118

Akamai

Technologies,

Inc.

*

45

4,894

Ally

Financial,

Inc.

19,754

801,815

Altria

Group,

Inc.

209

9,117

Amdocs

Ltd.

73

6,597

American

Financial

Group,

Inc.

2,402

327,825

Amkor

Technology,

Inc.

130

4,191

Analog

Devices,

Inc.

89

17,603

APA

Corp.

48,554

1,669,287

Aramark

14,511

471,898

Arch

Capital

Group

Ltd.

*

6,591

609,272

Arrow

Electronics,

Inc.

*

217

28,093

ASGN,

Inc.

*

1,475

154,521

Assurant,

Inc.

5,589

1,052,073

Assured

Guaranty

Ltd.

9,814

856,272

AT&T,

Inc.

1,810

31,856

Avantor,

Inc.

*

89

2,276

Avient

Corp.

283

12,282

Avnet,

Inc.

7,114

352,712

Axis

Capital

Holdings

Ltd.

5,349

347,792

Baker

Hughes

Co.,

Class

A

74,461

2,494,444

Bank

of

New

York

Mellon

Corp.

(The)

3,237

186,516

Bank

OZK

16,492

749,726

BellRing

Brands,

Inc.

*

1,301

76,798

Berry

Global

Group,

Inc.

7,985

482,933

Black

Hills

Corp.

169

9,227

BorgWarner,

Inc.

3

104

Boston

Beer

Co.,

Inc.

(The),

Class

A

*

300

91,326

Brink's

Co.

(The)

50

4,619

Bristol-Myers

Squibb

Co.

655

35,521

Bunge

Global

SA

859

88,065

BWX

Technologies,

Inc.

4,504

462,200

Cabot

Corp.

2,761

254,564

CACI

International,

Inc.,

Class

A

*

452

171,231

Caesars

Entertainment,

Inc.

*

1,743

76,239

INVESTMENTS

SHARES

VALUE

($)

United

States

-

10.6%

(continued)

Capital

One

Financial

Corp.

11,157

1,661,166

Cardinal

Health,

Inc.

5,293

592,287

Centene

Corp.

*

8,865

695,725

ChampionX

Corp.

3,484

125,041

Chesapeake

Energy

Corp.

8,883

789,077

Chevron

Corp.

1,302

205,377

Chord

Energy

Corp.

8,072

1,438,753

Chubb

Ltd.

4,814

1,247,452

Cincinnati

Financial

Corp.

7,343

911,780

Cirrus

Logic,

Inc.

*

46

4,258

Citigroup,

Inc.

12,811

810,168

Civitas

Resources,

Inc.

2,139

162,371

Cleveland-Cliffs,

Inc.

*

20,026

455,391

CNA

Financial

Corp.

9,932

451,111

CNO

Financial

Group,

Inc.

23,439

644,104

CNX

Resources

Corp.

*

41,297

979,565

Cognizant

Technology

Solutions

Corp.,

Class

A

1

73

Columbia

Sportswear

Co.

451

36,612

Comcast

Corp.,

Class

A

3,482

150,945

Comfort

Systems

USA,

Inc.

1,025

325,653

Commercial

Metals

Co.

5,193

305,193

CommVault

Systems,

Inc.

*

318

32,255

Concentrix

Corp.

2,747

181,906

Corebridge

Financial,

Inc.

51,413

1,477,095

Curtiss-Wright

Corp.

1,275

326,324

CVS

Health

Corp.

2,337

186,399

Darden

Restaurants,

Inc.

262

43,793

Dell

Technologies,

Inc.,

Class

C

361

41,194

DENTSPLY

SIRONA,

Inc.

543

18,022

Devon

Energy

Corp.

388

19,470

DocuSign,

Inc.,

Class

A

*

225

13,399

Dropbox,

Inc.,

Class

A

*

31,008

753,494

Dun

&

Bradstreet

Holdings,

Inc.

12,319

123,683

DXC

Technology

Co.

*

19,633

416,416

Dynatrace,

Inc.

*

2,662

123,623

Eastman

Chemical

Co.

1,381

138,404

Electronic

Arts,

Inc.

84

11,144

EnerSys

7,968

752,657

Entergy

Corp.

1,285

135,799

Envista

Holdings

Corp.

*

641

13,705

EOG

Resources,

Inc.

8,697

1,111,824

Equitable

Holdings,

Inc.

58,913

2,239,283

Erie

Indemnity

Co.,

Class

A

62

24,897

Essent

Group

Ltd.

3,280

195,193

Euronet

Worldwide,

Inc.

*

642

70,575

Everest

Group

Ltd.

3,674

1,460,415

Expedia

Group,

Inc.

*

3,202

441,076

Federated

Hermes,

Inc.,

Class

B

36,360

1,313,323

Fidelity

National

Financial,

Inc.

4,556

241,924

Fidelity

National

Information

Services,

Inc.

2,441

181,073

First

Citizens

BancShares,

Inc.,

Class

A

118

192,930

Flowserve

Corp.

8,663

395,726

Fluor

Corp.

*

1,955

82,657

FNB

Corp.

24,090

339,669

Fortive

Corp.

887

76,300

Fortune

Brands

Innovations,

Inc.

310

26,248

Fox

Corp.,

Class

A

98

3,064

210

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

10.6%

(continued)

Franklin

Resources,

Inc.

242

6,803

Gartner,

Inc.

*

182

86,754

Generac

Holdings,

Inc.

*

108

13,623

General

Dynamics

Corp.

2,098

592,664

General

Motors

Co.

78,352

3,553,262

Gilead

Sciences,

Inc.

2,189

160,344

Global

Payments,

Inc.

207

27,668

GLOBALFOUNDRIES,

Inc.

*

35

1,824

Globe

Life,

Inc.

9,211

1,071,884

GoDaddy,

Inc.,

Class

A

*

762

90,434

Goldman

Sachs

Group,

Inc.

(The)

1,090

455,282

Graham

Holdings

Co.,

Class

B

296

227,233

Grand

Canyon

Education,

Inc.

*

2,190

298,300

Halliburton

Co.

67,082

2,644,372

Hancock

Whitney

Corp.

1,784

82,135

Hartford

Financial

Services

Group,

Inc.

(The)

7,426

765,249

Hawaiian

Electric

Industries,

Inc.

12,482

140,672

Henry

Schein,

Inc.

*

259

19,560

Hertz

Global

Holdings,

Inc.

*

86,413

676,614

Hexcel

Corp.

1,965

143,150

HF

Sinclair

Corp.

12,522

755,953

Holcim

AG

(2)

316

28,629

HP,

Inc.

31,510

952,232

Huntington

Ingalls

Industries,

Inc.

3,746

1,091,847

IAC,

Inc.

*

1,244

66,355

Incyte

Corp.

*

952

54,235

Ingredion,

Inc.

789

92,195

Integra

LifeSciences

Holdings

Corp.

*

443

15,704

International

Bancshares

Corp.

4,853

272,447

Interpublic

Group

of

Cos.,

Inc.

(The)

477

15,565

IPG

Photonics

Corp.

*

1,108

100,485

IQVIA

Holdings,

Inc.

*

348

88,006

Jabil,

Inc.

5,273

706,318

Jacobs

Solutions,

Inc.

959

147,427

Janus

Henderson

Group

plc

13,323

438,193

Jazz

Pharmaceuticals

plc

*

4,377

527,078

JB

Hunt

Transport

Services,

Inc.

11

2,192

Johnson

&

Johnson

674

106,620

Jones

Lang

LaSalle,

Inc.

*

469

91,497

KB

Home

4,893

346,816

Knife

River

Corp.

*

14,965

1,213,362

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

345

18,982

Kohl's

Corp.

23,157

675,027

Kraft

Heinz

Co.

(The)

4,690

173,061

Kroger

Co.

(The)

1,664

95,064

L3Harris

Technologies,

Inc.

4,811

1,025,224

Landstar

System,

Inc.

10

1,928

Lantheus

Holdings,

Inc.

*

16,780

1,044,387

Las

Vegas

Sands

Corp.

1,028

53,148

Lear

Corp.

353

51,143

Leidos

Holdings,

Inc.

2,549

334,148

Lennox

International,

Inc.

84

41,056

Liberty

Media

Corp-Liberty

SiriusXM

*

15,110

448,918

Lincoln

National

Corp.

18,024

575,506

Littelfuse,

Inc.

124

30,051

Lockheed

Martin

Corp.

2,357

1,072,129

INVESTMENTS

SHARES

VALUE

($)

United

States

-

10.6%

(continued)

Loews

Corp.

7,736

605,651

LyondellBasell

Industries

NV,

Class

A

475

48,583

M&T

Bank

Corp.

5,954

865,950

ManpowerGroup,

Inc.

7,701

597,906

Marathon

Oil

Corp.

51,372

1,455,882

Markel

Group,

Inc.

*

177

269,302

Masco

Corp.

4,451

351,095

Match

Group,

Inc.

*

828

30,040

Maximus,

Inc.

484

40,608

Medtronic

plc

181

15,774

MetLife,

Inc.

22,457

1,664,288

MGIC

Investment

Corp.

9,787

218,837

Mohawk

Industries,

Inc.

*

2,362

309,162

Molson

Coors

Beverage

Co.,

Class

B

2,770

186,283

Mosaic

Co.

(The)

24,052

780,728

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

2,672

259,291

Murphy

Oil

Corp.

19,999

913,954

Murphy

USA,

Inc.

348

145,882

National

Fuel

Gas

Co.

879

47,220

NCR

Voyix

Corp.

*

11,749

148,390

Neurocrine

Biosciences,

Inc.

*

1

138

NewMarket

Corp.

671

425,830

NiSource,

Inc.

931

25,751

Nordstrom,

Inc.

3,118

63,202

Northern

Trust

Corp.

875

77,805

Northrop

Grumman

Corp.

509

243,638

NOV,

Inc.

148,027

2,889,486

Old

National

Bancorp

42,283

736,147

Old

Republic

International

Corp.

7,166

220,140

ON

Semiconductor

Corp.

*

1,980

145,629

OneMain

Holdings,

Inc.

8,918

455,621

Organon

&

Co.

4,353

81,836

Oshkosh

Corp.

5,616

700,371

Ovintiv,

Inc.

28,820

1,495,758

PBF

Energy,

Inc.,

Class

A

11,869

683,298

Penske

Automotive

Group,

Inc.

53

8,585

Petco

Health

&

Wellness

Co.,

Inc.,

Class

A

*

27,477

62,648

Phillips

66

2,638

430,891

Pinnacle

Financial

Partners,

Inc.

4,577

393,073

Playtika

Holding

Corp.

22,315

157,321

Popular,

Inc.

7,583

667,986

Premier,

Inc.,

Class

A

9,809

216,779

Prudential

Financial,

Inc.

18,160

2,131,984

Pure

Storage,

Inc.,

Class

A

*

681

35,405

Qorvo,

Inc.

*

72

8,268

Qualys,

Inc.

*

27

4,505

QuidelOrtho

Corp.

*

911

43,673

Rambus,

Inc.

*

451

27,876

Reinsurance

Group

of

America,

Inc.

2,135

411,799

RenaissanceRe

Holdings

Ltd.

4,390

1,031,782

Reynolds

Consumer

Products,

Inc.

1,769

50,523

RingCentral,

Inc.,

Class

A

*

317

11,013

Robert

Half,

Inc.

2,960

234,669

Roche

Holding

AG

(2)

249

63,574

Roivant

Sciences

Ltd.

*

12,399

130,685

Royalty

Pharma

plc,

Class

A

1,244

37,780

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

211

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

10.6%

(continued)

RTX

Corp.

973

94,897

SBA

Communications

Corp.,

REIT

1,951

422,782

Schneider

National,

Inc.,

Class

B

3,074

69,595

Science

Applications

International

Corp.

1,816

236,788

Seaboard

Corp.

92

296,601

SEI

Investments

Co.

1,094

78,659

Selective

Insurance

Group,

Inc.

321

35,044

Sensata

Technologies

Holding

plc

61

2,241

Signify

NV

(2)(a)

13,657

420,424

Skechers

USA,

Inc.,

Class

A

*

443

27,138

Skyworks

Solutions,

Inc.

1,958

212,091

Snap-on,

Inc.

55

16,292

Sonoco

Products

Co.

1,885

109,028

State

Street

Corp.

581

44,923

Stellantis

NV

(2)(b)

187,591

5,329,280

Stifel

Financial

Corp.

5,910

461,985

Super

Micro

Computer,

Inc.

*

446

450,473

Swiss

Re

AG

(2)

9,910

1,274,772

Synaptics,

Inc.

*

201

19,610

Synchrony

Financial

30,422

1,311,797

Synovus

Financial

Corp.

8,401

336,544

T.

Rowe

Price

Group,

Inc.

539

65,715

TD

SYNNEX

Corp.

4,884

552,380

TE

Connectivity

Ltd.

492

71,458

TEGNA,

Inc.

20,725

309,632

Teladoc

Health,

Inc.

*

2,862

43,216

Teleflex,

Inc.

82

18,546

Tenaris

SA

(2)(b)

473,466

9,361,008

Teradata

Corp.

*

453

17,518

Terex

Corp.

3,924

252,706

Textron,

Inc.

2,327

223,229

Thermo

Fisher

Scientific,

Inc.

52

30,223

Toll

Brothers,

Inc.

2,386

308,677

TransDigm

Group,

Inc.

66

81,286

Travelers

Cos.,

Inc.

(The)

3,974

914,576

Twilio,

Inc.,

Class

A

*

144

8,806

United

Airlines

Holdings,

Inc.

*

23,810

1,140,023

United

Rentals,

Inc.

78

56,247

Unum

Group

20,023

1,074,434

Vail

Resorts,

Inc.

18

4,011

Valero

Energy

Corp.

2,854

487,149

Valley

National

Bancorp

142,160

1,131,594

Verizon

Communications,

Inc.

1,651

69,276

Vestis

Corp.

5,291

101,958

Viatris,

Inc.

1,203

14,364

Victoria's

Secret

&

Co.

*

59,308

1,149,389

Voya

Financial,

Inc.

18,392

1,359,537

Vulcan

Materials

Co.

737

201,142

W

R

Berkley

Corp.

2,415

213,583

Walgreens

Boots

Alliance,

Inc.

10,180

220,804

Western

Union

Co.

(The)

36,234

506,551

Westinghouse

Air

Brake

Technologies

Corp.

213

31,030

Whirlpool

Corp.

520

62,208

Woodward,

Inc.

1,832

282,348

Xcel

Energy,

Inc.

14

753

YETI

Holdings,

Inc.

*

2,071

79,837

Ziff

Davis,

Inc.

*

522

32,907

Zions

Bancorp

NA

14,931

648,005

INVESTMENTS

SHARES

VALUE

($)

United

States

-

10.6%

(continued)

Zoom

Video

Communications,

Inc.,

Class

A

*

5,086

332,472

119,717,292

TOTAL

COMMON

STOCKS

(Cost

$192,801,953)

215,583,017

PREFERRED

STOCKS

-

0.0%

†

Brazil

-

0.0%

†

Cia

Energetica

de

Minas

Gerais

(Cost

$83,887)

33,750

83,363

SHORT-TERM

INVESTMENTS

-

79.1%

INVESTMENT

COMPANIES

-

34.5%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

5.16%

(c)(d)

27,830,466

27,830,466

Limited

Purpose

Cash

Investment

Fund,

5.33%

(c)(e)

359,382,880

359,239,126

TOTAL

INVESTMENT

COMPANIES

(Cost

$387,015,267)

387,069,592

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

44.6%

U.S.

Treasury

Bills

5.49%,

4/4/2024

(2)(f)

$

26,548,000

26,536,515

5.48%,

4/18/2024

(2)(f)(g)

35,163,000

35,075,597

5.47%,

4/25/2024

(2)(f)(g)

59,823,000

59,613,345

5.40%,

5/9/2024

(2)(f)(g)

15,721,000

15,633,564

5.41%,

5/16/2024

(2)(f)(g)

38,982,000

38,727,210

5.37%,

5/23/2024

(2)(f)(g)

17,668,000

17,534,043

5.16%,

7/11/2024

(2)(f)(g)

22,873,000

22,542,838

5.18%,

8/8/2024

(2)(f)(g)

47,692,000

46,816,370

5.20%,

8/15/2024

(2)(f)(g)

35,433,000

34,749,287

5.24%,

8/22/2024

(2)(f)(g)

1,265,000

1,239,215

5.27%,

8/29/2024

(2)(f)(g)

13,976,000

13,678,442

5.24%,

9/5/2024

(2)(f)

16,347,000

15,982,061

5.23%,

9/12/2024

(2)(f)(g)

83,610,000

81,666,699

5.27%,

9/19/2024

(2)(f)(g)

56,362,000

54,991,723

5.24%,

9/26/2024

(2)(f)

36,318,000

35,398,889

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$500,207,718)

500,185,798

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$887,222,985)

887,255,390

TOTAL

LONG

POSITIONS

(Cost

$1,080,108,825)

1,102,921,770

SHARES

SHORT

POSITIONS

-

(17.2)%

COMMON

STOCKS

-

(17.1)%

Belgium

-

(0.0)%

†

Elia

Group

SA/NV

(2)

(1)

(108)

Lotus

Bakeries

NV

(21)

(202,770)

UCB

SA

(2)

(1,052)

(129,866)

(332,744)

212

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Brazil

-

(0.1)%

Wheaton

Precious

Metals

Corp.

(16,987)

(800,096)

Canada

-

(0.3)%

Brookfield

Corp.,

Class

A

(50)

(2,092)

Brookfield

Infrastructure

Corp.,

Class

A

(8,742)

(314,946)

Cameco

Corp.

(2,524)

(109,267)

Canadian

Pacific

Kansas

City

Ltd.

(8)

(705)

Cenovus

Energy,

Inc.

(16,887)

(337,603)

Element

Fleet

Management

Corp.

(4,311)

(69,667)

Enbridge,

Inc.

(2,110)

(76,250)

Franco-Nevada

Corp.

(8,801)

(1,048,673)

Gildan

Activewear,

Inc.

(219)

(8,128)

Hydro

One

Ltd.

(a)

(6,806)

(198,470)

Nuvei

Corp.

(a)

(13,829)

(437,162)

Pan

American

Silver

Corp.

(6,187)

(93,270)

Pembina

Pipeline

Corp.

(1,946)

(68,686)

PrairieSky

Royalty

Ltd.

(1)

(20)

RB

Global,

Inc.

(4,692)

(357,369)

TC

Energy

Corp.

(2,164)

(86,972)

Teck

Resources

Ltd.,

Class

B

(1,969)

(90,124)

TMX

Group

Ltd.

(136)

(3,587)

(3,302,991)

Chile

-

(0.0)%

†

Lundin

Mining

Corp.

(12,209)

(124,925)

Sociedad

Quimica

y

Minera

de

Chile

SA,

ADR

(6,510)

(320,031)

(444,956)

Finland

-

(0.1)%

Metso

OYJ

(2)

(27,230)

(323,462)

Neste

OYJ

(2)

(4,597)

(124,649)

Orion

OYJ,

Class

B

(2)

(4,429)

(165,099)

Sampo

OYJ,

Class

A

(2)

(816)

(34,807)

Stora

Enso

OYJ,

Class

R

(2)

(8,735)

(121,469)

(769,486)

Germany

-

(0.4)%

Beiersdorf

AG

(2)

(1,689)

(245,914)

Carl

Zeiss

Meditec

AG

(2)

(2,757)

(344,144)

Covestro

AG

(2)(a)

(11,841)

(647,702)

CTS

Eventim

AG

&

Co.

KGaA

(2)

(86)

(7,647)

Deutsche

Post

AG

(2)

(6,994)

(301,423)

E.ON

SE

(2)

(197,788)

(2,753,590)

Infineon

Technologies

AG

(2)

(12,973)

(441,154)

Siemens

Healthineers

AG

(2)(a)

(3,676)

(224,815)

Symrise

AG,

Class

A

(2)

(37)

(4,429)

(4,970,818)

Italy

-

(3.9)%

Amplifon

SpA

(2)

(66,680)

(2,430,665)

Banca

Generali

SpA

(2)

(25,066)

(996,019)

Brunello

Cucinelli

SpA

(2)

(27,830)

(3,180,627)

Davide

Campari-Milano

NV

(2)

(537,013)

(5,396,967)

DiaSorin

SpA

(2)

(23,229)

(2,241,710)

Enel

SpA

(2)

(244,375)

(1,613,241)

ERG

SpA

(2)

(91,036)

(2,285,547)

Ferrari

NV

(2)

(5,202)

(2,268,257)

FinecoBank

Banca

Fineco

SpA

(2)

(61,120)

(915,382)

INVESTMENTS

SHARES

VALUE

($)

Italy

-

(3.9)%

(continued)

Infrastrutture

Wireless

Italiane

SpA

(2)(a)

(246,474)

(2,796,979)

Interpump

Group

SpA

(2)

(24,401)

(1,189,228)

Mediobanca

Banca

di

Credito

Finanziario

SpA

(2)

(33,474)

(498,812)

Moncler

SpA

(2)

(59,786)

(4,461,276)

Nexi

SpA

(2)(a)

(68,824)

(436,057)

Recordati

Industria

Chimica

e

Farmaceutica

SpA

(2)

(38,533)

(2,127,706)

Reply

SpA

(2)

(3,100)

(438,687)

Snam

SpA

(2)

(1,071,202)

(5,057,899)

Telecom

Italia

SpA

(4,619,118)

(1,121,749)

Terna

-

Rete

Elettrica

Nazionale

(2)

(458,519)

(3,789,985)

(43,246,793)

Japan

-

(1.7)%

Advantest

Corp.

(2)

(17,700)

(786,285)

Aeon

Co.

Ltd.

(2)

(600)

(14,233)

Ajinomoto

Co.,

Inc.

(2)

(11,400)

(425,717)

Allegro

MicroSystems,

Inc.

(6,615)

(178,340)

Asahi

Intecc

Co.

Ltd.

(2)

(18,200)

(318,860)

Asics

Corp.

(2)

(600)

(28,403)

Astellas

Pharma,

Inc.

(2)

(20,100)

(215,929)

Azbil

Corp.

(2)

(500)

(13,833)

Bandai

Namco

Holdings,

Inc.

(2)

(30,900)

(573,354)

BayCurrent

Consulting,

Inc.

(2)

(8,700)

(171,011)

Calbee,

Inc.

(1,800)

(40,571)

Chugai

Pharmaceutical

Co.

Ltd.

(2)

(1,700)

(64,966)

CyberAgent,

Inc.

(2)

(46,700)

(339,633)

Daifuku

Co.

Ltd.

(2)

(10,300)

(246,885)

Daiichi

Sankyo

Co.

Ltd.

(2)

(3,900)

(124,094)

Denso

Corp.

(2)

(4,800)

(91,928)

Eisai

Co.

Ltd.

(2)

(12,800)

(527,217)

FANUC

Corp.

(2)

(10,900)

(304,072)

Fukuoka

Financial

Group,

Inc.

(2)

(1,200)

(32,034)

Hamamatsu

Photonics

KK

(2)

(5,800)

(204,487)

Hoya

Corp.

(2)

(3,500)

(437,748)

Ibiden

Co.

Ltd.

(2)

(18,800)

(841,991)

Isetan

Mitsukoshi

Holdings

Ltd.

(2)

(6,000)

(97,380)

Japan

Tobacco,

Inc.

(2)

(2,000)

(53,324)

Kadokawa

Corp.

(2)

(6,600)

(115,964)

Kawasaki

Heavy

Industries

Ltd.

(2)

(7,000)

(230,002)

Keyence

Corp.

(2)

(3,000)

(1,392,783)

Kobe

Bussan

Co.

Ltd.

(2)

(900)

(22,053)

Kurita

Water

Industries

Ltd.

(2)

(1,100)

(45,606)

Kyoto

Financial

Group,

Inc.

(2)

(5,800)

(104,672)

Lasertec

Corp.

(2)

(1,100)

(313,533)

M3,

Inc.

(2)

(102,200)

(1,470,796)

Marui

Group

Co.

Ltd.

(2)

(6,700)

(107,390)

MatsukiyoCocokara

&

Co.

(2)

(2,700)

(43,354)

Mercari,

Inc.

(2)

(15,600)

(199,407)

Murata

Manufacturing

Co.

Ltd.

(2)

(100)

(1,870)

NIDEC

Corp.

(2)

(2,200)

(91,232)

Nikon

Corp.

(2)

(11,600)

(117,419)

Nippon

Prologis

REIT,

Inc.,

REIT

(2)

(20)

(35,628)

Niterra

Co.

Ltd.

(2)

(1,900)

(63,080)

Nomura

Research

Institute

Ltd.

(2)

(600)

(16,949)

NTT

Data

Group

Corp.

(2)

(2,800)

(44,514)

Olympus

Corp.

(2)

(6,100)

(87,830)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

213

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(1.7)%

(continued)

Omron

Corp.

(2)

(37,100)

(1,328,441)

Oriental

Land

Co.

Ltd.

(2)

(5,500)

(176,196)

Rakuten

Group,

Inc.

(2)

(6,900)

(39,165)

Recruit

Holdings

Co.

Ltd.

(2)

(4,200)

(184,409)

Resona

Holdings,

Inc.

(2)

(16,600)

(102,330)

Resonac

Holdings

Corp.

(2)

(100)

(2,330)

Rinnai

Corp.

(2)

(7,600)

(174,452)

Seibu

Holdings,

Inc.

(2)

(3,700)

(57,833)

Seven

&

i

Holdings

Co.

Ltd.

(2)

(50,400)

(734,625)

SG

Holdings

Co.

Ltd.

(2)

(9,700)

(122,840)

SHIFT,

Inc.

(2)

(3,600)

(573,741)

Shimadzu

Corp.

(2)

(200)

(5,571)

Shimano,

Inc.

(2)

(6,200)

(922,334)

Shiseido

Co.

Ltd.

(2)

(3,800)

(104,274)

SMC

Corp.

(2)

(900)

(507,744)

Socionext,

Inc.

(2)

(3,600)

(98,334)

SoftBank

Corp.

(2)

(3,900)

(50,212)

SoftBank

Group

Corp.

(2)

(700)

(41,570)

Sony

Group

Corp.

(2)

(700)

(60,026)

Sumitomo

Chemical

Co.

Ltd.

(2)

(222,100)

(481,224)

Taiyo

Yuden

Co.

Ltd.

(2)

(14,300)

(338,547)

Tokyo

Electron

Ltd.

(2)

(100)

(26,045)

Toyota

Motor

Corp.

(2)

(8,000)

(202,200)

Unicharm

Corp.

(2)

(20,400)

(649,460)

Yamaha

Corp.

(2)

(500)

(10,792)

Yaskawa

Electric

Corp.

(2)

(10,300)

(438,519)

ZOZO,

Inc.

(2)

(29,500)

(732,185)

(18,801,776)

Mexico

-

(0.0)%

†

Cemex

SAB

de

CV,

ADR

(13,950)

(125,690)

Netherlands

-

(0.1)%

Adyen

NV

(2)(a)

(5)

(8,446)

Argenx

SE

(2)

(795)

(313,447)

ASML

Holding

NV

(2)

(259)

(251,091)

Heineken

NV

(2)

(1,635)

(157,626)

Universal

Music

Group

NV

(2)

(121)

(3,636)

(734,246)

Singapore

-

(0.3)%

CapitaLand

Investment

Ltd.

(2)

(124,600)

(247,250)

Grab

Holdings

Ltd.,

Class

A

(41,742)

(131,070)

Keppel

Ltd.

(2)

(23,100)

(125,527)

Sea

Ltd.,

ADR

(50,357)

(2,704,674)

Singapore

Telecommunications

Ltd.

(2)

(104,100)

(195,637)

(3,404,158)

South

Africa

-

(0.0)%

†

Sibanye

Stillwater

Ltd.,

ADR

(4,945)

(23,291)

South

Korea

-

(0.1)%

Delivery

Hero

SE

(2)(a)

(45,853)

(1,311,140)

Sweden

-

(0.1)%

AddTech

AB,

Class

B

(2)

(2,571)

(58,491)

Atlas

Copco

AB,

Class

A

(2)

(3,449)

(58,249)

Boliden

AB

(2)

(5,615)

(155,915)

Electrolux

AB,

Class

B

(2)

(9,687)

(86,496)

Epiroc

AB,

Class

A

(2)

(1)

(19)

INVESTMENTS

SHARES

VALUE

($)

Sweden

-

(0.1)%

(continued)

Hexagon

AB,

Class

B

(2)

(5,926)

(70,051)

Holmen

AB,

Class

B

(2)

(44)

(1,790)

Indutrade

AB

(2)

(33)

(899)

Lifco

AB,

Class

B

(2)

(9,316)

(243,281)

Sagax

AB,

Class

B

(2)

(14,797)

(390,348)

Swedish

Orphan

Biovitrum

AB

(12,455)

(310,909)

Telia

Co.

AB

(2)

(10,238)

(26,240)

(1,402,688)

Switzerland

-

(0.3)%

Avolta

AG

(2)

(8,594)

(357,831)

Banque

Cantonale

Vaudoise

(Registered)

(2)

(256)

(29,782)

Barry

Callebaut

AG

(Registered)

(2)

(162)

(235,321)

Belimo

Holding

AG

(Registered)

(2)

(229)

(112,390)

Chocoladefabriken

Lindt

&

Spruengli

AG

(2)

(31)

(371,034)

Cie

Financiere

Richemont

SA

(Registered)

(2)

(1,498)

(228,056)

DSM-Firmenich

AG

(2)

(1,621)

(184,360)

EMS-Chemie

Holding

AG

(Registered)

(2)

(7)

(5,365)

Galenica

AG

(2)(a)

(297)

(24,783)

Givaudan

SA

(Registered)

(2)

(20)

(89,035)

Julius

Baer

Group

Ltd.

(2)

(676)

(39,207)

Lonza

Group

AG

(Registered)

(2)

(682)

(407,562)

Partners

Group

Holding

AG

(2)

(65)

(92,852)

SIG

Group

AG

(2)

(25,624)

(568,193)

Sika

AG

(Registered)

(2)

(1,380)

(410,620)

Straumann

Holding

AG

(Registered)

(2)

(1,270)

(202,638)

Swiss

Life

Holding

AG

(Registered)

(2)

(460)

(322,641)

(3,681,670)

United

Kingdom

-

(0.0)%

†

Anglogold

Ashanti

plc

(9,358)

(207,748)

United

States

-

(9.6)%

10X

Genomics,

Inc.,

Class

A

(46,426)

(1,742,367)

Acadia

Healthcare

Co.,

Inc.

(204)

(16,161)

Advance

Auto

Parts,

Inc.

(2,132)

(181,412)

Advanced

Micro

Devices,

Inc.

(704)

(127,065)

Affirm

Holdings,

Inc.,

Class

A

(877)

(32,677)

agilon

health,

Inc.

(9,925)

(60,543)

Air

Products

and

Chemicals,

Inc.

(243)

(58,872)

Airbnb,

Inc.,

Class

A

(6,206)

(1,023,742)

Alaska

Air

Group,

Inc.

(803)

(34,521)

Albemarle

Corp.

(2,982)

(392,849)

Alcoa

Corp.

(15,159)

(512,223)

Alnylam

Pharmaceuticals,

Inc.

(415)

(62,022)

Amazon.com,

Inc.

(1,637)

(295,282)

Ameren

Corp.

(2,805)

(207,458)

American

Airlines

Group,

Inc.

(422)

(6,478)

American

Electric

Power

Co.,

Inc.

(175)

(15,068)

American

Tower

Corp.,

REIT

(8,438)

(1,667,263)

American

Water

Works

Co.,

Inc.

(6,930)

(846,915)

Amgen,

Inc.

(5,411)

(1,538,456)

Amphenol

Corp.,

Class

A

(21)

(2,422)

Aon

plc,

Class

A

(60)

(20,023)

214

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(9.6)%

(continued)

Apellis

Pharmaceuticals,

Inc.

(9,499)

(558,351)

Apollo

Global

Management,

Inc.

(11,892)

(1,337,255)

Arcadium

Lithium

plc

(305,902)

(1,318,438)

Arista

Networks,

Inc.

(1,181)

(342,466)

Arrowhead

Pharmaceuticals,

Inc.

(17,948)

(513,313)

Arthur

J

Gallagher

&

Co.

(134)

(33,505)

Aspen

Technology,

Inc.

(2,065)

(440,423)

Atlassian

Corp.,

Class

A

(5,361)

(1,045,985)

Automatic

Data

Processing,

Inc.

(196)

(48,949)

AvalonBay

Communities,

Inc.,

REIT

(1,219)

(226,198)

Ball

Corp.

(2,907)

(195,816)

Bank

of

America

Corp.

(762)

(28,895)

Bentley

Systems,

Inc.,

Class

B

(676)

(35,301)

BILL

Holdings,

Inc.

(2,554)

(175,511)

BioMarin

Pharmaceutical,

Inc.

(709)

(61,924)

Bio-Rad

Laboratories,

Inc.,

Class

A

(338)

(116,904)

Bio-Techne

Corp.

(9,369)

(659,484)

Blackstone,

Inc.

(41,386)

(5,436,878)

Block,

Inc.,

Class

A

(62)

(5,244)

Boeing

Co.

(The)

(11,138)

(2,149,522)

Broadridge

Financial

Solutions,

Inc.

(13)

(2,663)

Brookfield

Renewable

Corp.,

Class

A

(10,305)

(252,880)

Brown-Forman

Corp.,

Class

B

(343)

(17,706)

Brunswick

Corp.

(6,487)

(626,125)

CDW

Corp.

(1,936)

(495,190)

Celsius

Holdings,

Inc.

(8,258)

(684,753)

Certara,

Inc.

(20,675)

(369,669)

CH

Robinson

Worldwide,

Inc.

(5,548)

(422,425)

Charles

Schwab

Corp.

(The)

(276)

(19,966)

Charter

Communications,

Inc.,

Class

A

(178)

(51,732)

Chemed

Corp.

(24)

(15,406)

Cheniere

Energy,

Inc.

(242)

(39,030)

Chipotle

Mexican

Grill,

Inc.,

Class

A

(24)

(69,762)

Church

&

Dwight

Co.,

Inc.

(1,034)

(107,857)

Churchill

Downs,

Inc.

(719)

(88,976)

Clearway

Energy,

Inc.,

Class

C

(4,811)

(110,894)

Cloudflare,

Inc.,

Class

A

(218)

(21,109)

CNH

Industrial

NV

(2)

(19,351)

(249,707)

CNH

Industrial

NV

(59,761)

(774,503)

Cognex

Corp.

(19,468)

(825,833)

Coherent

Corp.

(151)

(9,154)

Confluent,

Inc.,

Class

A

(2,292)

(69,952)

Constellation

Brands,

Inc.,

Class

A

(378)

(102,725)

Constellation

Energy

Corp.

(958)

(177,086)

Cooper

Cos.,

Inc.

(The)

(338)

(34,293)

CoStar

Group,

Inc.

(4,071)

(393,259)

Crocs,

Inc.

(3,468)

(498,698)

CubeSmart,

REIT

(5,593)

(252,915)

Dayforce,

Inc.

(2,916)

(193,068)

Deere

&

Co.

(211)

(86,666)

Dexcom,

Inc.

(10,084)

(1,398,651)

Digital

Realty

Trust,

Inc.,

REIT

(1,694)

(244,004)

Dollar

General

Corp.

(89)

(13,889)

Dollar

Tree,

Inc.

(10,782)

(1,435,623)

DoubleVerify

Holdings,

Inc.

(4,044)

(142,187)

Doximity,

Inc.,

Class

A

(19,705)

(530,262)

Driven

Brands

Holdings,

Inc.

(27,313)

(431,272)

DuPont

de

Nemours,

Inc.

(163)

(12,497)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(9.6)%

(continued)

East

West

Bancorp,

Inc.

(45)

(3,560)

Edwards

Lifesciences

Corp.

(6,043)

(577,469)

Elanco

Animal

Health,

Inc.

(4,218)

(68,669)

elf

Beauty,

Inc.

(18,784)

(3,682,227)

Eli

Lilly

&

Co.

(1,157)

(900,100)

Enphase

Energy,

Inc.

(1,187)

(143,603)

Equifax,

Inc.

(90)

(24,077)

Equitrans

Midstream

Corp.

(2,016)

(25,180)

Essex

Property

Trust,

Inc.,

REIT

(953)

(233,304)

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

(4,927)

(759,497)

Etsy,

Inc.

(2,810)

(193,103)

Eversource

Energy

(5,300)

(316,781)

Exact

Sciences

Corp.

(1,653)

(114,156)

Expeditors

International

of

Washington,

Inc.

(19,787)

(2,405,505)

Extra

Space

Storage,

Inc.,

REIT

(2,638)

(387,786)

Exxon

Mobil

Corp.

(894)

(103,919)

FedEx

Corp.

(1,160)

(336,098)

Five

Below,

Inc.

(1,777)

(322,312)

Five9,

Inc.

(9,688)

(601,722)

Fox

Factory

Holding

Corp.

(20,145)

(1,048,950)

Frontier

Communications

Parent,

Inc.

(11,727)

(287,312)

General

Mills,

Inc.

(534)

(37,364)

Genuine

Parts

Co.

(390)

(60,423)

GFL

Environmental,

Inc.

(8,563)

(295,285)

Glacier

Bancorp,

Inc.

(2,489)

(100,257)

Globant

SA

(772)

(155,867)

Globus

Medical,

Inc.,

Class

A

(7,446)

(399,403)

Graphic

Packaging

Holding

Co.

(1,732)

(50,540)

GXO

Logistics,

Inc.

(573)

(30,804)

Hasbro,

Inc.

(3,612)

(204,150)

HashiCorp,

Inc.,

Class

A

(8,557)

(230,611)

Hayward

Holdings,

Inc.

(2,046)

(31,324)

HealthEquity,

Inc.

(338)

(27,591)

Hershey

Co.

(The)

(10)

(1,945)

Hilton

Grand

Vacations,

Inc.

(4,768)

(225,097)

Howard

Hughes

Holdings,

Inc.

(288)

(20,915)

HubSpot,

Inc.

(1,402)

(878,437)

Hyatt

Hotels

Corp.,

Class

A

(713)

(113,809)

IDACORP,

Inc.

(65)

(6,038)

IDEX

Corp.

(52)

(12,689)

Illumina,

Inc.

(5,453)

(748,806)

Inari

Medical,

Inc.

(39,603)

(1,900,151)

Independence

Realty

Trust,

Inc.,

REIT

(34,179)

(551,307)

Ingersoll

Rand,

Inc.

(15)

(1,424)

Inspire

Medical

Systems,

Inc.

(4,046)

(869,040)

Insulet

Corp.

(7,720)

(1,323,208)

Intercontinental

Exchange,

Inc.

(129)

(17,728)

International

Flavors

&

Fragrances,

Inc.

(616)

(52,970)

Intuitive

Surgical,

Inc.

(4,728)

(1,886,897)

Invitation

Homes,

Inc.,

REIT

(163)

(5,804)

Ionis

Pharmaceuticals,

Inc.

(8,716)

(377,839)

Iridium

Communications,

Inc.

(2,281)

(59,671)

Iron

Mountain,

Inc.,

REIT

(2,852)

(228,759)

J

M

Smucker

Co.

(The)

(1,178)

(148,275)

JPMorgan

Chase

&

Co.

(273)

(54,682)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

215

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(9.6)%

(continued)

KBR,

Inc.

(27)

(1,719)

Kellanova

(292)

(16,729)

Keysight

Technologies,

Inc.

(9,437)

(1,475,758)

KKR

&

Co.,

Inc.

(2,527)

(254,166)

Lamb

Weston

Holdings,

Inc.

(1,030)

(109,726)

Lattice

Semiconductor

Corp.

(8,745)

(684,121)

Linde

plc

(256)

(118,866)

LivaNova

plc

(85)

(4,755)

LKQ

Corp.

(1,497)

(79,955)

Lowe's

Cos.,

Inc.

(141)

(35,917)

Lululemon

Athletica,

Inc.

(114)

(44,534)

Lumentum

Holdings,

Inc.

(26,441)

(1,251,981)

Lyft,

Inc.,

Class

A

(23,568)

(456,041)

MACOM

Technology

Solutions

Holdings,

Inc.

(2,813)

(269,035)

Maravai

LifeSciences

Holdings,

Inc.,

Class

A

(80,273)

(695,967)

MarketAxess

Holdings,

Inc.

(1,062)

(232,844)

Marriott

Vacations

Worldwide

Corp.

(55)

(5,925)

Marsh

&

McLennan

Cos.,

Inc.

(262)

(53,967)

Marvell

Technology,

Inc.

(3,881)

(275,085)

Masimo

Corp.

(2,906)

(426,746)

MasTec,

Inc.

(3,774)

(351,926)

Mastercard,

Inc.,

Class

A

(228)

(109,798)

McCormick

&

Co.,

Inc.

(Non-Voting)

(142)

(10,907)

Mercury

Systems,

Inc.

(4,356)

(128,502)

Micron

Technology,

Inc.

(512)

(60,360)

Microsoft

Corp.

(419)

(176,282)

Mister

Car

Wash,

Inc.

(26,590)

(206,073)

Moderna,

Inc.

(1,616)

(172,201)

Mondelez

International,

Inc.,

Class

A

(157)

(10,990)

MongoDB,

Inc.,

Class

A

(4,487)

(1,609,218)

Moody's

Corp.

(95)

(37,338)

Motorola

Solutions,

Inc.

(2,086)

(740,488)

MP

Materials

Corp.

(37,223)

(532,289)

MSCI,

Inc.,

Class

A

(188)

(105,365)

Natera,

Inc.

(7,094)

(648,817)

nCino,

Inc.

(3,712)

(138,755)

Nestle

SA

(Registered)

(2)

(6,154)

(653,862)

Netflix,

Inc.

(136)

(82,597)

NextEra

Energy,

Inc.

(42)

(2,684)

NIKE,

Inc.,

Class

B

(11,554)

(1,085,845)

Norfolk

Southern

Corp.

(552)

(140,688)

Novanta,

Inc.

(362)

(63,267)

Novocure

Ltd.

(24,271)

(379,356)

Occidental

Petroleum

Corp.

(1,188)

(77,208)

Okta,

Inc.,

Class

A

(1,342)

(140,400)

ONEOK,

Inc.

(415)

(33,271)

Option

Care

Health,

Inc.

(296)

(9,928)

Oracle

Corp.

(1,550)

(194,696)

Palo

Alto

Networks,

Inc.

(2,870)

(815,453)

Paycom

Software,

Inc.

(2,312)

(460,111)

Paycor

HCM,

Inc.

(2,042)

(39,696)

Paylocity

Holding

Corp.

(2,153)

(370,015)

Peloton

Interactive,

Inc.,

Class

A

(172,433)

(738,875)

Penn

Entertainment,

Inc.

(34,763)

(633,034)

Penumbra,

Inc.

(4,374)

(976,189)

Pfizer,

Inc.

(24,710)

(685,703)

Philip

Morris

International,

Inc.

(1,084)

(99,316)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(9.6)%

(continued)

Phinia,

Inc.

(6,340)

(243,646)

Pinterest,

Inc.,

Class

A

(1,127)

(39,073)

Planet

Fitness,

Inc.,

Class

A

(717)

(44,906)

Plug

Power,

Inc.

(547,400)

(1,883,055)

PNM

Resources,

Inc.

(409)

(15,395)

PotlatchDeltic

Corp.,

REIT

(1,859)

(87,410)

Power

Integrations,

Inc.

(4,001)

(286,272)

Principal

Financial

Group,

Inc.

(1,656)

(142,929)

Procore

Technologies,

Inc.

(498)

(40,921)

Progyny,

Inc.

(5,639)

(215,128)

Prologis,

Inc.,

REIT

(10,542)

(1,372,779)

PTC,

Inc.

(150)

(28,341)

Public

Service

Enterprise

Group,

Inc.

(1,293)

(86,347)

QIAGEN

NV

(2)

(54)

(2,308)

Quanta

Services,

Inc.

(578)

(150,164)

QuantumScape

Corp.

(63,636)

(400,270)

RBC

Bearings,

Inc.

(12)

(3,244)

Realty

Income

Corp.,

REIT

(5,497)

(297,388)

Repligen

Corp.

(10,655)

(1,959,667)

Rexford

Industrial

Realty,

Inc.,

REIT

(4,502)

(226,451)

Rivian

Automotive,

Inc.,

Class

A

(4,339)

(47,512)

RLI

Corp.

(79)

(11,729)

ROBLOX

Corp.,

Class

A

(21,266)

(811,936)

Rocket

Cos.,

Inc.,

Class

A

(7,269)

(105,764)

Roku,

Inc.,

Class

A

(568)

(37,017)

S&P

Global,

Inc.

(346)

(147,206)

SentinelOne,

Inc.,

Class

A

(745)

(17,366)

Service

Corp.

International

(254)

(18,849)

Silicon

Laboratories,

Inc.

(1,912)

(274,793)

Smartsheet,

Inc.,

Class

A

(5,270)

(202,895)

Snap,

Inc.,

Class

A

(60,614)

(695,849)

Snowflake,

Inc.,

Class

A

(4,084)

(659,974)

SoFi

Technologies,

Inc.

(95,695)

(698,574)

Sotera

Health

Co.

(46,236)

(555,294)

Southern

Co.

(The)

(8)

(574)

Spectrum

Brands

Holdings,

Inc.

(2,352)

(209,352)

Spirit

AeroSystems

Holdings,

Inc.,

Class

A

(25,751)

(928,839)

Stericycle,

Inc.

(1,808)

(95,372)

Sunrun,

Inc.

(31,348)

(413,167)

Take-Two

Interactive

Software,

Inc.

(7,867)

(1,168,171)

Tandem

Diabetes

Care,

Inc.

(865)

(30,630)

Targa

Resources

Corp.

(227)

(25,422)

Target

Corp.

(736)

(130,427)

Tesla,

Inc.

(12,403)

(2,180,322)

Texas

Instruments,

Inc.

(1,873)

(326,295)

T-Mobile

US,

Inc.

(4)

(653)

Toast,

Inc.,

Class

A

(16)

(399)

TopBuild

Corp.

(86)

(37,903)

Toro

Co.

(The)

(3,568)

(326,936)

TPG,

Inc.

(1,021)

(45,639)

Tractor

Supply

Co.

(33)

(8,637)

Tradeweb

Markets,

Inc.,

Class

A

(11)

(1,146)

Trimble,

Inc.

(1,115)

(71,761)

Truist

Financial

Corp.

(15,497)

(604,073)

Ubiquiti,

Inc.

(2,947)

(341,410)

UGI

Corp.

(589)

(14,454)

Ultragenyx

Pharmaceutical,

Inc.

(156)

(7,284)

United

Parcel

Service,

Inc.,

Class

B

(8,394)

(1,247,600)

216

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(9.6)%

(continued)

UnitedHealth

Group,

Inc.

(1,317)

(651,520)

Unity

Software,

Inc.

(36,467)

(973,669)

Universal

Display

Corp.

(1,225)

(206,351)

Vertiv

Holdings

Co.,

Class

A

(546)

(44,592)

VF

Corp.

(11,103)

(170,320)

Virtu

Financial,

Inc.,

Class

A

(27)

(554)

Visa,

Inc.,

Class

A

(5,294)

(1,477,450)

Walt

Disney

Co.

(The)

(119)

(14,561)

Waste

Connections,

Inc.

(132)

(22,705)

Waste

Management,

Inc.

(785)

(167,323)

Waters

Corp.

(154)

(53,011)

WEC

Energy

Group,

Inc.

(8,298)

(681,432)

Welltower,

Inc.,

REIT

(3,580)

(334,515)

West

Pharmaceutical

Services,

Inc.

(4,721)

(1,868,146)

WillScot

Mobile

Mini

Holdings

Corp.

(2,402)

(111,693)

Wingstop,

Inc.

(40)

(14,656)

Wolfspeed,

Inc.

(26,689)

(787,326)

XPO,

Inc.

(162)

(19,769)

Zebra

Technologies

Corp.,

Class

A

(1,820)

(548,621)

Zillow

Group,

Inc.,

Class

C

(7,744)

(377,752)

Zoetis,

Inc.,

Class

A

(2,800)

(473,788)

(106,733,020)

Zambia

-

(0.1)%

First

Quantum

Minerals

Ltd.

(104,711)

(1,125,534)

TOTAL

COMMON

STOCKS

(Proceeds

$(193,291,029))

(191,418,845)

PREFERRED

STOCKS

-

(0.1)%

Germany

-

(0.1)%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(a)

(Proceeds

$(1,296,516))

(12,937)

(1,286,687)

TOTAL

SHORT

POSITIONS

(Proceeds

$(194,587,545))

(192,705,532)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

81.1%

(Cost

$885,521,280)

910,216,238

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

18.9%

‡

211,507,446

NET

ASSETS

-

100.0%

1,121,723,684

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(9,139,410)

(0.8)

%

Consumer

Discretionary

(8,481,267)

(0.8)

Consumer

Staples

(13,047,406)

(1.2)

Energy

36,913,222

3.3

Financials

64,121,708

5.7

Health

Care

(33,004,417)

(2.9)

Industrials

12,742,201

1.1

Information

Technology

(19,334,584)

(1.7)

Materials

5,976,300

0.5

Real

Estate

(5,755,773)

(0.5)

Utilities

(8,029,726)

(0.7)

Investment

Companies

387,069,592

34.5

U.S.

Treasury

Obligations

500,185,798

44.6

Total

Investments

In

Securities

At

Value

910,216,238

81.1

Other

Assets

in

Excess

of

Liabilities

‡

211,507,446

18.9

Net

Assets

$

1,121,723,684

100.0%

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

217

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation/(depreciation)

on

forward

foreign

currency

exchange,

futures

and

swap

contracts.

(a)

Securities

exempt

from

registration

under

Rule

144A

or

section

4(2),

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$(5,199,661),

which

represents

(0.46)%

of

net

assets

of

the

Fund.

(b)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2024

amounted

to

$54,576,742;

additional

securities

sold

but

not

yet

settled

totaling

$2,032,901

were

also

segregated.

Securities

sold

short

with

a

total

value

of

$152,955,611

have

not

settled

as

of

March

31,

2024

and

therefore

securities

have

yet

to

be

segregated

for

these

obligations.

(c)

Represents

7-day

effective

yield

as

of

March

31,

2024.

(d)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts.

(e)

For

the

period

ended

March

31,

2024,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

(f)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(g)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

Affiliate

Value

At

12/31/2023

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2024

Shares

Held

At

3/31/2024

Dividend

Income

Capital

Gain

Distributions

SHORT-TERM

INVESTMENTS

-

32.0%

INVESTMENT

COMPANIES

-

32.0%

Limited

Purpose

Cash

Investment

Fund,

5.33%

(a)

(Cost

$359,184,801)

$265,947,113

$415,052,414

$(321,768,401)

$(12,601)

$20,601

$359,239,126

359,382,880

$4,497,081

$–

(a)

Represents

7-day

effective

yield

as

of

March

31,

2024.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2024:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.50%

Semi

6/21/2034

CAD

25,000,000

$

101,097

$

8,056

$

109,153

Pay

1D

CORRA

Semi

3.50%

Semi

9/20/2034

CAD

62,500,000

464,999

(60,358)

404,641

Pay

1D

SARON

Annual

1.00%

Annual

6/17/2026

CHF

44,000,000

(31,351)

31,901

550

Pay

1D

SARON

Annual

1.00%

Annual

9/16/2026

CHF

710,200,000

288,785

263,202

551,987

Pay

1D

SOFR

Annual

4.00%

Annual

6/21/2034

USD

44,100,000

691,419

6,445

697,864

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2034

USD

156,600,000

2,995,268

174,998

3,170,266

Pay

1D

TONAR

Annual

0.50%

Annual

6/17/2026

JPY

33,083,500,000

818,403

(94,628)

723,775

Pay

1D

TONAR

Annual

0.50%

Annual

9/16/2026

JPY

75,561,700,000

997,312

182,508

1,179,820

Pay

6M

BBR

Semi

5.00%

Semi

6/08/2034

AUD

15,000,000

255,203

369,455

624,658

Pay

6M

BBR

Semi

4.50%

Semi

6/08/2034

AUD

95,700,000

(224,988)

1,661,850

1,436,862

Pay

6M

BBR

Semi

4.50%

Semi

9/07/2034

AUD

144,400,000

972,518

1,149,760

2,122,278

Receive

1D

CORRA

Semi

4.00%

Semi

6/17/2026

CAD

28,100,000

13,986

124

14,110

Receive

1D

CORRA

Semi

3.50%

Semi

6/17/2026

CAD

83,900,000

338,787

201,825

540,612

Receive

1D

SOFR

Annual

4.00%

Annual

9/16/2026

USD

671,100,000

334,053

1,589,832

1,923,885

Receive

1D

SONIA

Annual

4.00%

Annual

6/17/2026

GBP

57,700,000

350,210

(58,533)

291,677

Receive

1D

SONIA

Annual

3.50%

Annual

9/20/2034

GBP

83,600,000

996,437

(277,321)

719,116

Receive

3M

STIBOR

Qtrly

2.50%

Annual

6/17/2026

SEK

1,783,000,000

520,453

1,201,719

1,722,172

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/17/2026

SEK

1,165,200,000

(100,445)

196,100

95,655

Receive

6M

EURIBOR

Semi

2.50%

Annual

6/17/2026

EUR

465,400,000

1,184,961

3,162,711

4,347,672

10,967,107

9,709,646

20,676,753

Pay

1D

SOFR

Annual

4.00%

Annual

6/17/2026

USD

86,100,000

(84,817)

(483,758)

(568,575)

218

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

SONIA

Annual

4.00%

Annual

9/16/2026

GBP

487,700,000

$

(2,002,670)

$

1,713,209

$

(289,461)

Pay

1D

SONIA

Annual

3.50%

Annual

6/21/2034

GBP

37,600,000

(853,926)

394,887

(459,039)

Pay

6M

BBR

Semi

4.00%

Semi

6/08/2034

AUD

2,900,000

(42,558)

8,873

(33,685)

Pay

6M

EURIBOR

Semi

2.50%

Annual

6/21/2034

EUR

200,600,000

(2,436,560)

1,450,204

(986,356)

Pay

6M

EURIBOR

Semi

2.50%

Annual

9/20/2034

EUR

90,000,000

(1,038,897)

873,779

(165,118)

Pay

6M

NIBOR

Semi

4.00%

Annual

6/17/2026

NOK

208,100,000

(103,540)

3,424

(100,116)

Pay

6M

NIBOR

Semi

4.00%

Annual

9/16/2026

NOK

737,000,000

(192,887)

46,854

(146,033)

Receive

1D

CORRA

Semi

4.00%

Semi

9/16/2026

CAD

170,700,000

(353,852)

(95,033)

(448,885)

Receive

1D

TONAR

Annual

1.00%

Annual

6/21/2034

JPY

6,285,200,000

(90,200)

(447,417)

(537,617)

Receive

1D

TONAR

Annual

1.00%

Annual

9/20/2034

JPY

12,902,700,000

(513,800)

(305,752)

(819,552)

Receive

3M

BBR

Qtrly

4.00%

Qtrly

6/11/2026

AUD

514,500,000

(943,675)

(69,550)

(1,013,225)

Receive

3M

BBR

Qtrly

4.00%

Qtrly

9/10/2026

AUD

535,200,000

(1,086,629)

(528,905)

(1,615,534)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/16/2026

NZD

26,900,000

(5,530)

(19,667)

(25,197)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/16/2026

SEK

2,012,300,000

(443,948)

2,204

(441,744)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/17/2026

EUR

721,200,000

(352,325)

26,583

(325,742)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/16/2026

EUR

567,300,000

(2,373,147)

(46,757)

(2,419,904)

(12,918,961)

2,523,178

(10,395,783)

$

(1,951,854)

$

12,232,824

$

10,280,970

Abbreviations:

1D:

1

Day

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

(a)

Floating

rate

indices

at

March

31,

2024

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

5.05%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

5.34%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

5.19%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

1.46%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.08%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.34%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

4.03%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.50%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

3.85%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.87%

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

219

(Continued)

Total

return

swap

contracts

outstanding

as

of

March

31,

2024

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

HSCEI

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

GSIN

04/29/2024

HKD

(290,700)

$

290

Swiss

Market

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

Monthly

MLIN

06/21/2024

CHF

92,963,650

562,438

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/17/2024

TWD

1,826,260,800

983,988

WIG20

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/21/2024

PLN

826,200

2,900

MSCI

Italy

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.00%)

Increases

in

total

return

of

reference

entity

Monthly

CITI

06/19/2024

EUR

21,754,507

718,219

MSCI

Spain

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.24%)

Increases

in

total

return

of

reference

entity

Monthly

CITI

06/19/2024

EUR

13,994,683

541,090

Total

unrealized

appreciation

2,808,925

Amsterdam

Exchange

Index

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

GSIN

04/19/2024

EUR

(53,880,080)

(1,455,199)

DTOP

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

MLIN

06/20/2024

ZAR

(1,283,500)

(1,662)

HSCEI

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

MLIN

04/29/2024

HKD

(78,198,300)

(36,073)

iBovespa

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/17/2024

BRL

168,076,170

(599,187)

MSCI

Australia

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

BBR

plus

or

minus

a

specified

spread

(0.20%)

Monthly

CITI

06/19/2024

AUD

(28,739,199)

(365,146)

220

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Brazil

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

CDI

plus

or

minus

a

specified

spread

(-0.70%)

Increases

in

total

return

of

reference

entity

Monthly

CITI

06/19/2024

BRL

70,393,396

$

(19,797)

MSCI

Canada

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

CORRA

plus

or

minus

a

specified

spread

(-1.25%)

Monthly

CITI

06/19/2024

CAD

(92,036,981)

(483,858)

MSCI

Emerging

Markets

Taiwan

Net

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.20%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/20/2024

USD

5,006,833

(52,950)

MSCI

France

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-1.15%)

Monthly

CITI

06/19/2024

EUR

(10,241,127)

(83,036)

MSCI

Mexico

Net

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

TIIE

plus

or

minus

a

specified

spread

(-0.25%)

Monthly

CITI

06/19/2024

MXN

(14,713,658)

(10,499)

MSCI

Netherlands

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.20%)

Monthly

CITI

06/19/2024

EUR

(12,610,018)

(300,107)

MSCI

Singapore

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SORA

plus

or

minus

a

specified

spread

(-0.05%)

Monthly

CITI

06/19/2024

SGD

(13,826,687)

(98,108)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

221

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

South

Africa

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

JIBAR

plus

or

minus

a

specified

spread

(-1.00%)

Monthly

CITI

06/19/2024

ZAR

(107,464,680)

$

(85,974)

MSCI

Switzerland

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

SARON

plus

or

minus

a

specified

spread

(0.13%)

Increases

in

total

return

of

reference

entity

Monthly

CITI

06/19/2024

CHF

10,786,662

(13,471)

Tel

Aviv

Stock

Exchange

35

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

TELBOR

plus

or

minus

a

specified

spread

(-0.60%)

Monthly

BANA

06/19/2024

ILS

(4,897,066)

(67,757)

Total

unrealized

depreciation

(3,672,824)

Net

unrealized

depreciation

$

(863,899)

Futures

contracts

outstanding

as

of

March

31,

2024:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

3,148

4/2024

USD

$

273,876,000

$

6,939,269

FTSE

Bursa

Malaysia

KLCI

Index

99

4/2024

MYR

1,603,285

(4,981)

IBEX

35

Index

918

4/2024

EUR

109,606,821

5,963,386

LME

Copper

Base

Metal

1

4/2024

USD

219,244

8,567

LME

Copper

Base

Metal

3

4/2024

USD

659,173

38,915

LME

Copper

Base

Metal

7

4/2024

USD

1,535,770

65,548

LME

Copper

Base

Metal

13

4/2024

USD

2,852,635

127,626

LME

Copper

Base

Metal

21

4/2024

USD

4,606,513

199,506

LME

Copper

Base

Metal

24

4/2024

USD

5,260,956

170,859

LME

Copper

Base

Metal

26

4/2024

USD

5,724,219

110,848

LME

Copper

Base

Metal

32

4/2024

USD

7,044,056

247,972

LME

Copper

Base

Metal

62

4/2024

USD

13,641,225

390,764

Natural

Gas

34

4/2024

USD

599,420

(9,249)

OMXS30

Index

740

4/2024

SEK

17,452,635

177,670

RBOB

Gasoline

620

4/2024

USD

70,844,424

692,259

SGX

FTSE

Taiwan

Index

30

4/2024

USD

2,070,000

9,922

Corn

530

5/2024

USD

11,713,000

(89,613)

LME

Copper

Base

Metal

4

5/2024

USD

883,084

27,162

LME

Copper

Base

Metal

8

5/2024

USD

1,761,584

56,563

LME

Copper

Base

Metal

19

5/2024

USD

4,184,436

143,324

LME

Copper

Base

Metal

29

5/2024

USD

6,393,985

313,429

LME

Copper

Base

Metal

34

5/2024

USD

7,497,128

413,988

222

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

Silver

14

5/2024

USD

$

1,744,120

$

120,066

Australia

10

Year

Bond

3,983

6/2024

AUD

302,109,074

(212,323)

Euro

STOXX

50

Index

5,107

6/2024

EUR

277,963,706

8,037,241

FTSE

100

Index

1,364

6/2024

GBP

137,519,219

3,964,324

FTSE/MIB

Index

809

6/2024

EUR

149,295,034

4,932,376

KOSPI

200

Index

88

6/2024

KRW

6,139,573

(26,808)

Long

Gilt

1,535

6/2024

GBP

193,313,797

2,838,695

TOPIX

Index

702

6/2024

JPY

127,503,567

2,586,295

U.S.

Treasury

10

Year

Note

457

6/2024

USD

50,598,469

(24,399)

Total

of

long

contracts

38,209,201

Short

Contracts

CAC

40

10

Euro

Index

(1,028)

4/2024

EUR

(91,203,368)

(1,004,750)

Hang

Seng

Index

(177)

4/2024

HKD

(18,735,962)

32,774

HSCEI

(405)

4/2024

HKD

(15,042,162)

(42,828)

IFSC

NIFTY

50

Index

(240)

4/2024

USD

(10,791,120)

(103,871)

LME

Copper

Base

Metal

(1)

4/2024

USD

(219,244)

(7,852)

LME

Copper

Base

Metal

(3)

4/2024

USD

(659,173)

(38,735)

LME

Copper

Base

Metal

(7)

4/2024

USD

(1,535,770)

(66,001)

LME

Copper

Base

Metal

(13)

4/2024

USD

(2,852,635)

(131,865)

LME

Copper

Base

Metal

(21)

4/2024

USD

(4,606,513)

(192,300)

LME

Copper

Base

Metal

(24)

4/2024

USD

(5,260,956)

(172,647)

LME

Copper

Base

Metal

(26)

4/2024

USD

(5,724,219)

(104,291)

LME

Copper

Base

Metal

(32)

4/2024

USD

(7,044,056)

(226,888)

LME

Copper

Base

Metal

(62)

4/2024

USD

(13,641,225)

(390,682)

MSCI

Singapore

Index

(689)

4/2024

SGD

(14,841,374)

9,959

NY

Harbor

ULSD

(585)

4/2024

USD

(64,439,739)

519,020

OMXS30

Index

(1,486)

4/2024

SEK

(35,046,777)

(335,722)

WTI

Crude

Oil

(1,461)

4/2024

USD

(121,511,370)

(3,030,065)

Copper

(20)

5/2024

USD

(2,003,500)

(66,366)

LME

Copper

Base

Metal

(4)

5/2024

USD

(883,084)

(27,388)

LME

Copper

Base

Metal

(8)

5/2024

USD

(1,761,584)

(55,019)

LME

Copper

Base

Metal

(19)

5/2024

USD

(4,184,436)

(152,291)

LME

Copper

Base

Metal

(29)

5/2024

USD

(6,393,985)

(307,808)

LME

Copper

Base

Metal

(34)

5/2024

USD

(7,497,128)

(460,095)

Soybean

(307)

5/2024

USD

(18,289,525)

(117,427)

100

oz

Gold

(383)

6/2024

USD

(85,730,720)

(1,911,831)

Canada

10

Year

Bond

(3,479)

6/2024

CAD

(308,667,986)

(1,228,527)

DAX

Index

(252)

6/2024

EUR

(127,615,872)

(4,501,848)

Euro-Bund

(1,458)

6/2024

EUR

(209,597,360)

(2,604,856)

FTSE

100

Index

(767)

6/2024

GBP

(77,329,356)

(1,975,557)

FTSE/JSE

Top

40

Index

(436)

6/2024

ZAR

(15,867,039)

(375,379)

Japan

10

Year

Bond

(24)

6/2024

JPY

(23,113,753)

(53,192)

LME

Copper

Base

Metal

(383)

6/2024

USD

(84,827,893)

(3,080,554)

MEX

BOLSA

Index

(4)

6/2024

MXN

(139,863)

(5,713)

S&P

500

E-Mini

Index

(341)

6/2024

USD

(90,509,925)

(1,409,074)

S&P/TSX

60

Index

(1,109)

6/2024

CAD

(219,646,761)

(3,417,376)

SET50

Index

(1,404)

6/2024

THB

(6,412,899)

38,284

SPI

200

Index

(1,463)

6/2024

AUD

(189,504,919)

(4,660,611)

Total

of

short

contracts

(31,659,372)

Net

value

$

6,549,829

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

223

(Continued)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

CAD

13,570,232

USD

9,998,444

CITI

6/20/2024

$

31,367

CAD

13,570,232

USD

9,998,394

JPMC

6/20/2024

31,417

HUF

766,250,000

USD

2,088,405

CITI

6/20/2024

1,354

HUF

766,250,000

USD

2,088,395

JPMC

6/20/2024

1,365

KRW

516,692,500

USD

384,164

CITI

**

6/20/2024

332

KRW

516,692,500

USD

384,162

JPMC

**

6/20/2024

334

MXN

474,720,172

USD

27,509,264

CITI

6/20/2024

688,038

MXN

474,720,169

USD

27,509,127

JPMC

6/20/2024

688,175

PLN

98,152

USD

24,518

CITI

6/20/2024

34

PLN

98,152

USD

24,518

JPMC

6/20/2024

34

SEK

63,000,000

USD

5,903,143

CITI

6/20/2024

2,026

SEK

63,000,000

USD

5,903,113

JPMC

6/20/2024

2,055

TWD

500,000

USD

15,673

CITI

**

6/20/2024

11

TWD

500,000

USD

15,673

JPMC

**

6/20/2024

11

USD

73,812,587

AUD

112,423,710

CITI

6/20/2024

387,160

USD

73,812,956

AUD

112,423,709

JPMC

6/20/2024

387,529

USD

2,306,028

BRL

11,583,000

CITI

**

6/20/2024

13,954

USD

2,306,039

BRL

11,583,000

JPMC

**

6/20/2024

13,966

USD

6,743,361

CAD

9,112,000

CITI

6/20/2024

8,647

USD

6,743,394

CAD

9,112,000

JPMC

6/20/2024

8,680

USD

200,123,876

CHF

174,643,666

CITI

6/20/2024

4,748,029

USD

200,124,875

CHF

174,643,665

JPMC

6/20/2024

4,749,030

USD

7,293,463

CNY

52,298,040

CITI

**

6/20/2024

65,526

USD

7,293,499

CNY

52,298,039

JPMC

**

6/20/2024

65,563

USD

789,584

DKK

5,386,212

CITI

6/20/2024

7,360

USD

789,587

DKK

5,386,211

JPMC

6/20/2024

7,364

USD

8,247,057

EUR

7,570,328

CITI

6/20/2024

53,313

USD

8,247,101

EUR

7,570,331

JPMC

6/20/2024

53,354

USD

24,502,626

GBP

19,215,501

CITI

6/20/2024

239,546

USD

24,502,746

GBP

19,215,499

JPMC

6/20/2024

239,669

USD

388,323

IDR

6,101,362,000

CITI

**

6/20/2024

4,773

USD

388,325

IDR

6,101,362,000

JPMC

**

6/20/2024

4,775

USD

26,883,119

ILS

96,641,045

CITI

6/20/2024

509,438

USD

26,883,254

ILS

96,641,046

JPMC

6/20/2024

509,573

USD

91,069,108

JPY

13,430,000,000

CITI

6/20/2024

1,256,144

USD

91,069,563

JPY

13,430,000,000

JPMC

6/20/2024

1,256,599

USD

39,291,751

KRW

51,831,724,980

CITI

**

6/20/2024

721,224

USD

39,291,947

KRW

51,831,724,980

JPMC

**

6/20/2024

721,421

USD

108,727,458

NZD

177,724,572

CITI

6/20/2024

2,540,409

USD

108,728,001

NZD

177,724,571

JPMC

6/20/2024

2,540,952

USD

43,928,036

SEK

452,410,634

CITI

6/20/2024

1,522,305

USD

43,928,256

SEK

452,410,634

JPMC

6/20/2024

1,522,524

USD

59,241,395

SGD

79,161,750

CITI

6/20/2024

400,214

USD

59,241,691

SGD

79,161,749

JPMC

6/20/2024

400,510

USD

7,884,785

TWD

247,096,342

CITI

**

6/20/2024

134,170

USD

7,884,824

TWD

247,096,342

JPMC

**

6/20/2024

134,210

USD

2,534,133

ZAR

48,000,000

CITI

6/20/2024

16,495

USD

2,534,146

ZAR

48,000,001

JPMC

6/20/2024

16,507

ZAR

77,970,999

USD

4,033,939

CITI

6/20/2024

55,701

ZAR

77,970,998

USD

4,033,919

JPMC

6/20/2024

55,723

USD

759,456

CLP

737,742,257

CITI

**

6/21/2024

8,028

USD

759,460

CLP

737,742,257

JPMC

**

6/21/2024

8,031

Total

unrealized

appreciation

26,834,969

BRL

193,781,895

USD

38,533,711

CITI

**

6/20/2024

(187,657)

224

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

BRL

193,781,895

USD

38,531,432

JPMC

**

6/20/2024

$

(185,377)

CAD

213,802,943

USD

158,656,138

CITI

6/20/2024

(633,565)

CAD

213,802,943

USD

158,655,344

JPMC

6/20/2024

(632,770)

CNY

109,136,479

USD

15,244,897

CITI

**

6/20/2024

(161,510)

CNY

109,136,479

USD

15,244,820

JPMC

**

6/20/2024

(161,434)

EUR

147,781,142

USD

161,230,034

CITI

6/20/2024

(1,279,124)

EUR

147,781,145

USD

161,229,231

JPMC

6/20/2024

(1,278,319)

GBP

35,400,625

USD

44,988,537

CITI

6/20/2024

(288,782)

GBP

35,400,624

USD

44,988,311

JPMC

6/20/2024

(288,557)

HUF

3,823,750,000

USD

10,552,907

CITI

6/20/2024

(124,566)

HUF

3,823,750,000

USD

10,552,854

JPMC

6/20/2024

(124,512)

INR

1,667,244,845

USD

20,032,037

CITI

**

6/20/2024

(87,005)

INR

1,667,244,845

USD

20,031,937

JPMC

**

6/20/2024

(86,905)

JPY

13,124,177,678

USD

88,715,074

CITI

6/20/2024

(947,292)

JPY

13,124,177,678

USD

88,714,631

JPMC

6/20/2024

(946,851)

KRW

2,583,307,500

USD

1,938,989

CITI

**

6/20/2024

(16,624)

KRW

2,583,307,500

USD

1,938,979

JPMC

**

6/20/2024

(16,613)

NOK

1,196,051,301

USD

113,821,301

CITI

6/20/2024

(3,442,271)

NOK

1,196,051,301

USD

113,824,377

JPMC

6/20/2024

(3,445,351)

PLN

40,695,350

USD

10,264,108

CITI

6/20/2024

(84,403)

PLN

40,695,350

USD

10,264,057

JPMC

6/20/2024

(84,353)

SEK

270,000,000

USD

26,232,634

CITI

6/20/2024

(924,768)

SEK

270,000,000

USD

26,232,503

JPMC

6/20/2024

(924,636)

SGD

1,781,501

USD

1,333,088

CITI

6/20/2024

(8,894)

SGD

1,781,499

USD

1,333,080

JPMC

6/20/2024

(8,886)

TWD

35,590,000

USD

1,135,824

CITI

**

6/20/2024

(19,481)

TWD

35,590,000

USD

1,135,818

JPMC

**

6/20/2024

(19,475)

USD

65,059,273

AUD

99,724,210

CITI

6/20/2024

(71,943)

USD

65,059,599

AUD

99,724,211

JPMC

6/20/2024

(71,617)

USD

2,230,865

CHF

2,003,499

CITI

6/20/2024

(10,472)

USD

2,230,878

CHF

2,003,501

JPMC

6/20/2024

(10,461)

USD

1,102,472

GBP

875,499

CITI

6/20/2024

(3,005)

USD

1,102,480

GBP

875,501

JPMC

6/20/2024

(3,000)

USD

1,822,307

ILS

6,701,501

CITI

6/20/2024

(6,557)

USD

1,822,315

ILS

6,701,499

JPMC

6/20/2024

(6,548)

USD

7,342,090

JPY

1,100,000,000

CITI

6/20/2024

(14,147)

USD

7,342,127

JPY

1,100,000,000

JPMC

6/20/2024

(14,110)

USD

2,276,366

MXN

38,882,001

CITI

6/20/2024

(33,137)

USD

2,276,377

MXN

38,881,999

JPMC

6/20/2024

(33,126)

USD

1,776,749

ZAR

34,500,000

CITI

6/20/2024

(32,803)

USD

1,776,758

ZAR

34,500,000

JPMC

6/20/2024

(32,794)

ZAR

84,748,500

USD

4,505,503

CITI

6/20/2024

(60,376)

ZAR

84,748,502

USD

4,505,481

JPMC

6/20/2024

(60,353)

USD

524,601

CLP

517,989,243

CITI

**

6/21/2024

(2,997)

USD

524,604

CLP

517,989,243

JPMC

**

6/21/2024

(2,993)

Total

unrealized

depreciation

(16,880,420)

Net

unrealized

appreciation

$

9,954,549

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

225

(Continued)

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

TIIE

plus

or

minus

a

specified

spread

(-1.60%),

which

is

denominated

in

MXN

based

on

the

local

currencies

of

the

positions

within

the

swap.

46

months

maturity

12/09/2027

$2,348

$52

$4

$56

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

TIIE

plus

or

minus

a

specified

spread

(-2.38%

to

0.50%),

which

is

denominated

in

MXN

based

on

the

local

currencies

of

the

positions

within

the

swap.

25-60

months

maturity

ranging

from

04/17/2026

-

03/02/2029

$7,622,745

$(13,764)

$(97,446)

$(111,210)

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-3.50%

to

0.75%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

25-61

months

maturity

ranging

from

04/17/2026

-

03/29/2029

$5,559,288

$(68,335)

$17,417

$(50,918)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

BANA

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-66.83%

to

0.25%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

13-15

months

maturity

ranging

from

04/25/2024

-

04/25/2025

$830,417,155

$(2,322,341)

$9,836,104

$7,513,763

226

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

United

States

Acuity

Brands,

Inc.

20,225

5,435,064

50,967

0.7

Adobe,

Inc.

8,507

4,292,632

(22,373)

(0.3)

AGCO

Corp.

41,000

5,043,820

201,310

2.7

Allison

Transmission

Holdings,

Inc.

66,368

5,386,427

136,718

1.8

Alphabet,

Inc.

53,605

8,090,603

46,100

0.6

Amkor

Technology,

Inc.

152,989

4,932,365

56,606

0.8

Applied

Materials,

Inc.

26,268

5,417,250

(58,578)

(0.8)

Cardinal

Health,

Inc.

75,950

8,498,805

67,596

0.9

Cencora,

Inc.

20,081

4,879,482

18,675

0.2

Centene

Corp.

83,837

6,579,528

118,210

1.6

Cigna

Group

(The)

13,363

4,853,308

102,093

1.4

CVS

Health

Corp.

68,632

5,474,088

53,533

0.7

Dropbox,

Inc.

161,526

3,925,082

4,846

0.1

eBay,

Inc.

86,083

4,543,461

133,429

1.8

EMCOR

Group,

Inc.

13,892

4,864,978

42,787

0.6

EnerSys

42,779

4,040,904

77,858

1.0

General

Dynamics

Corp.

16,286

4,600,632

57,164

0.8

Humana,

Inc.

13,969

4,843,332

(5,169)

(0.1)

Huntington

Ingalls

Industries,

Inc.

22,456

6,545,250

15,046

0.2

Lockheed

Martin

Corp.

9,868

4,488,657

84,470

1.1

Macy's,

Inc.

243,073

4,859,029

87,506

1.2

McKesson

Corp.

8,022

4,306,611

34,495

0.5

Medtronic

plc

59,102

5,150,739

231,089

3.1

Meta

Platforms,

Inc.

14,460

7,021,487

(252,182)

(3.4)

Molina

Healthcare,

Inc.

12,209

5,015,823

(20,633)

(0.3)

Owens

Corning

37,535

6,260,838

50,672

0.7

PACCAR,

Inc.

32,398

4,013,788

16,037

0.2

QUALCOMM,

Inc.

26,747

4,528,267

47,610

0.6

Qualys,

Inc.

28,148

4,697,057

36,311

0.5

Skyworks

Solutions,

Inc.

57,044

6,179,006

191,668

2.6

Terex

Corp.

76,822

4,947,337

190,519

2.5

Textron,

Inc.

68,704

6,590,775

14,428

0.2

UFP

Industries,

Inc.

54,795

6,740,333

254,797

3.4

Veeva

Systems,

Inc.

18,759

4,346,273

42,583

0.6

Zimmer

Biomet

Holdings,

Inc.

29,534

3,897,897

120,203

1.6

Zoom

Video

Communications,

Inc.

81,023

5,296,474

(108,571)

(1.4)

Short

Positions

Common

Stocks

United

States

Antero

Resources

Corp.

(274,819)

(7,969,751)

(423,221)

(5.6)

CarMax,

Inc.

(50,361)

(4,386,947)

(66,980)

(0.9)

ConocoPhillips

(36,939)

(4,701,596)

(38,786)

(0.5)

Deere

&

Co.

(10,778)

(4,426,956)

(136,988)

(1.8)

Emerson

Electric

Co.

(40,500)

(4,593,510)

(68,445)

(0.9)

Globus

Medical,

Inc.

(93,931)

(5,038,459)

(233,888)

(3.1)

Permian

Resources

Corp.

(228,007)

(4,026,604)

(84,363)

(1.1)

Pool

Corp.

(9,768)

(3,941,388)

45,617

0.6

Shockwave

Medical,

Inc.

(13,518)

(4,401,866)

(519,091)

(6.9)

Snap,

Inc.

(348,531)

(4,001,136)

(76,677)

(1.0)

Tandem

Diabetes

Care,

Inc.

(136,897)

(4,847,523)

(726,923)

(9.7)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

227

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

States

(continued)

Trade

Desk,

Inc.

(The)

(43,727)

(3,822,614)

5,685

0.1

Wolfspeed,

Inc.

(158,286)

(4,669,437)

(322,903)

(4.3)

Xylem,

Inc.

(37,445)

(4,839,392)

(55,419)

(0.7)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

AOISR

plus

or

minus

a

specified

spread

(-0.18%

to

0.04%),

which

is

denominated

in

AUD

based

on

the

local

currencies

of

the

positions

within

the

swap.

10-61

months

maturity

ranging

from

01/13/2025

-

04/03/2029

$119,597,796

$983,238

$24,789

$1,008,027

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Australia

AGL

Energy

Ltd.

314,573

1,710,722

(35,450)

(3.5)

Aristocrat

Leisure

Ltd.

148,809

4,166,790

(266,205)

(26.4)

Aurizon

Holdings

Ltd.

1,059,292

2,762,055

79,182

7.9

BHP

Group

Ltd.

109,708

3,172,091

110,837

11.0

BlueScope

Steel

Ltd.

258,126

4,014,663

292,448

29.0

Brambles

Ltd.

271,890

2,861,399

152,361

15.1

CAR

Group

Ltd.

30,790

723,746

10,861

1.1

Cochlear

Ltd.

8,166

1,795,958

9,987

1.0

Fortescue

Ltd.

169,914

2,843,517

55,205

5.5

Goodman

Group

171,096

3,768,784

407,218

40.4

Harvey

Norman

Holdings

Ltd.

553,285

1,856,823

125,308

12.4

IGO

Ltd.

283,877

1,307,951

(90,562)

(9.0)

Incitec

Pivot

Ltd.

984,620

1,854,388

134,826

13.4

JB

Hi-Fi

Ltd.

144,748

6,059,519

501,093

49.7

Lendlease

Corp.

Ltd.

305,547

1,279,868

1,584

0.2

Orica

Ltd.

92,253

1,097,290

78,033

7.7

Pro

Medicus

Ltd.

20,680

1,398,411

61,891

6.1

Qantas

Airways

Ltd.

242,406

860,575

45,482

4.5

QBE

Insurance

Group

Ltd.

133,992

1,583,880

92,525

9.2

Qube

Holdings

Ltd.

578,571

1,285,495

57,342

5.7

Seven

Group

Holdings

Ltd.

31,768

844,192

3,273

0.3

Telstra

Group

Ltd.

517,423

1,301,539

16,888

1.7

Wesfarmers

Ltd.

77,472

3,453,304

117,785

11.7

Whitehaven

Coal

Ltd.

302,510

1,398,977

11,177

1.1

Yancoal

Australia

Ltd.

312,120

1,065,668

(129,350)

(12.8)

228

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Australia

APA

Group

(520,014)

(2,850,194)

(105,163)

(10.4)

Charter

Hall

Group

(79,861)

(715,198)

(15,116)

(1.5)

Commonwealth

Bank

of

Australia

(54,162)

(4,248,438)

(77,711)

(7.7)

Dexus

(154,940)

(798,343)

(17,871)

(1.8)

Endeavour

Group

Ltd.

(737,268)

(2,647,109)

(93,133)

(9.2)

Evolution

Mining

Ltd.

(544,533)

(1,272,650)

(130,049)

(12.9)

IDP

Education

Ltd.

(412,053)

(4,809,942)

246,183

24.4

Insurance

Australia

Group

Ltd.

(269,850)

(1,125,634)

(35,350)

(3.5)

Liontown

Resources

Ltd.

(4,094,011)

(3,117,352)

214,286

21.3

Lynas

Rare

Earths

Ltd.

(1,047,180)

(3,865,114)

77,221

7.7

Macquarie

Group

Ltd.

(18,506)

(2,407,216)

(30,641)

(3.0)

Mineral

Resources

Ltd.

(67,357)

(3,107,736)

(209,255)

(20.8)

Mirvac

Group

(1,097,888)

(1,687,469)

(156,430)

(15.5)

NEXTDC

Ltd.

(190,621)

(2,208,118)

(47,964)

(4.8)

Ramsay

Health

Care

Ltd.

(121,406)

(4,469,457)

(104,483)

(10.4)

Reece

Ltd.

(45,407)

(831,390)

(4,956)

(0.5)

Scentre

Group

(677,854)

(1,497,057)

(57,039)

(5.7)

SEEK

Ltd.

(46,559)

(759,219)

46,009

4.6

Sonic

Healthcare

Ltd.

(62,896)

(1,205,263)

(13,702)

(1.4)

Transurban

Group

(126,469)

(1,097,134)

10,870

1.1

Treasury

Wine

Estates

Ltd.

(459,851)

(3,730,131)

(47,868)

(4.7)

WiseTech

Global

Ltd.

(34,285)

(2,096,970)

36,004

3.6

Woodside

Energy

Group

Ltd.

(98,756)

(1,968,442)

(46,460)

(4.6)

United

States

CSL

Ltd.

(19,341)

(3,628,904)

(84,782)

(8.4)

James

Hardie

Industries

plc

(26,284)

(1,056,444)

4,976

0.5

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

HONIX

plus

or

minus

a

specified

spread

(-0.83%

to

0.02%),

which

is

denominated

in

HKD

based

on

the

local

currencies

of

the

positions

within

the

swap.

10-61

months

maturity

ranging

from

01/13/2025

-

03/29/2029

$181,487,913

$(1,044,271)

$(123,500)

$(1,167,771)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

China

3SBio,

Inc.

2,224,500

1,701,730

266,459

(22.8)

Baidu,

Inc.

122,450

1,612,008

84,490

(7.2)

BOC

Hong

Kong

Holdings

Ltd.

741,000

1,986,835

(43,911)

3.8

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

229

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

China

(continued)

China

CITIC

Bank

Corp.

Ltd.

3,792,000

2,022,653

(7,920)

0.7

China

Construction

Bank

Corp.

5,954,000

3,593,081

(103,969)

8.9

China

Feihe

Ltd.

3,995,000

1,879,985

(34,087)

2.9

China

National

Building

Material

Co.

Ltd.

4,378,000

1,506,899

(119,767)

10.3

China

Pacific

Insurance

Group

Co.

Ltd.

797,200

1,398,545

(47,237)

4.0

China

Resources

Pharmaceutical

Group

Ltd.

2,833,000

1,811,386

(67,171)

5.8

CITIC

Ltd.

2,908,000

2,798,907

(147,965)

12.7

COSCO

SHIPPING

Holdings

Co.

Ltd.

2,162,500

2,276,858

(84,461)

7.2

CSPC

Pharmaceutical

Group

Ltd.

2,284,000

1,797,737

43,934

(3.8)

Geely

Automobile

Holdings

Ltd.

1,662,000

1,966,952

140,788

(12.1)

JD.com,

Inc.

166,100

2,278,375

186,978

(16.0)

Jiangxi

Copper

Co.

Ltd.

1,068,000

1,824,108

107,652

(9.2)

Kingsoft

Corp.

Ltd.

464,800

1,434,526

133,996

(11.5)

Kunlun

Energy

Co.

Ltd.

2,888,000

2,412,614

(151,331)

13.0

New

China

Life

Insurance

Co.

Ltd.

1,214,000

2,152,922

(143,323)

12.3

Sinopharm

Group

Co.

Ltd.

790,800

2,027,842

(136,450)

11.7

Sinotruk

Hong

Kong

Ltd.

789,000

1,937,495

(36,824)

3.2

Xinyi

Glass

Holdings

Ltd.

1,657,000

1,758,445

(193,260)

16.5

Zhongsheng

Group

Holdings

Ltd.

1,112,500

1,932,380

44,956

(3.8)

Hong

Kong

CK

Asset

Holdings

Ltd.

498,872

2,055,690

(277,126)

23.7

Sun

Hung

Kai

Properties

Ltd.

244,000

2,356,962

(96,474)

8.3

Swire

Pacific

Ltd.

244,000

2,008,699

10,353

(0.9)

WH

Group

Ltd.

6,688,000

4,414,620

31,092

(2.7)

United

Kingdom

CK

Hutchison

Holdings

Ltd.

902,500

4,343,415

(359,286)

30.8

Short

Positions

Common

Stocks

China

BeiGene

Ltd.

(159,400)

(1,917,676)

62,727

(5.4)

Bilibili,

Inc.

(166,800)

(1,892,108)

68,631

(5.9)

BYD

Co.

Ltd.

(74,500)

(1,907,577)

(16,974)

1.5

China

Merchants

Bank

Co.

Ltd.

(551,000)

(2,183,898)

(68,431)

5.9

China

Resources

Beer

Holdings

Co.

Ltd.

(590,000)

(2,724,427)

(138,857)

11.9

China

Ruyi

Holdings

Ltd.

(6,232,000)

(1,586,400)

(337,815)

28.9

China

Tourism

Group

Duty

Free

Corp.

Ltd.

(169,100)

(1,688,019)

(91,411)

7.8

CITIC

Securities

Co.

Ltd.

(1,510,000)

(2,494,229)

280,671

(24.0)

COSCO

SHIPPING

Energy

Transportation

Co.

Ltd.

(1,786,000)

(1,850,600)

(98,121)

8.4

Fuyao

Glass

Industry

Group

Co.

Ltd.

(274,000)

(1,380,481)

65,327

(5.6)

Ganfeng

Lithium

Group

Co.

Ltd.

(625,200)

(1,916,438)

251,148

(21.5)

Genscript

Biotech

Corp.

(920,000)

(1,707,149)

117,124

(10.0)

Nongfu

Spring

Co.

Ltd.

(410,000)

(2,215,982)

(15,878)

1.4

Postal

Savings

Bank

of

China

Co.

Ltd.

(2,948,000)

(1,543,132)

35,031

(3.0)

XPeng,

Inc.

(543,900)

(2,154,763)

542,867

(46.5)

ZhongAn

Online

P&C

Insurance

Co.

Ltd.

(1,018,400)

(1,629,654)

(39,428)

3.4

Zijin

Mining

Group

Co.

Ltd.

(940,000)

(1,883,197)

(129,757)

11.1

Hong

Kong

AIA

Group

Ltd.

(884,000)

(5,946,291)

1,005,903

(86.1)

Hong

Kong

&

China

Gas

Co.

Ltd.

(3,176,716)

(2,407,845)

29,388

(2.5)

Techtronic

Industries

Co.

Ltd.

(195,500)

(2,656,428)

(169,872)

14.5

Wharf

Real

Estate

Investment

Co.

Ltd.

(562,000)

(1,829,817)

108,881

(9.3)

Macau

Galaxy

Entertainment

Group

Ltd.

(331,000)

(1,663,960)

2,268

(0.2)

Sands

China

Ltd.

(614,800)

(1,734,498)

(49,608)

4.2

230

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

TONAR

plus

or

minus

a

specified

spread

(-0.04%

to

0.01%),

which

is

denominated

in

JPY

based

on

the

local

currencies

of

the

positions

within

the

swap.

10-61

months

maturity

ranging

from

01/14/2025

-

03/07/2029

$574,102,239

$5,953,079

$1,239,949

$7,193,028

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Japan

Chubu

Electric

Power

Co.,

Inc.

345,100

4,512,579

231,314

3.2

Inpex

Corp.

363,000

5,518,032

579,477

8.1

Japan

Post

Insurance

Co.

Ltd.

199,500

3,813,473

94,428

1.3

Kansai

Electric

Power

Co.,

Inc.

(The)

322,000

4,594,558

476,498

6.6

Mazda

Motor

Corp.

320,900

3,719,104

371,891

5.2

Mitsubishi

Electric

Corp.

246,200

4,121,129

147,092

2.0

MS&AD

Insurance

Group

Holdings,

Inc.

233,700

4,126,568

86,966

1.2

NGK

Insulators

Ltd.

292,400

3,931,740

243,421

3.4

Obayashi

Corp.

323,900

3,851,312

91,950

1.3

Osaka

Gas

Co.

Ltd.

234,900

5,284,309

70,515

1.0

Otsuka

Corp.

174,000

3,692,011

(33,851)

(0.5)

Panasonic

Holdings

Corp.

661,300

6,311,293

212,900

3.0

Shimamura

Co.

Ltd.

76,800

4,378,462

82,370

1.1

Sojitz

Corp.

171,900

4,534,537

162,658

2.3

Sompo

Holdings,

Inc.

207,000

4,338,732

147,591

2.1

Subaru

Corp.

242,600

5,494,369

576,022

8.0

Sumitomo

Heavy

Industries

Ltd.

142,900

4,499,805

173,536

2.4

Tokyo

Electric

Power

Co.

Holdings,

Inc.

753,400

4,579,262

648,523

9.0

Tokyo

Gas

Co.

Ltd.

284,900

6,476,580

64,542

0.9

TOPPAN

Holdings,

Inc.

226,800

5,685,197

356,041

4.9

Toyo

Suisan

Kaisha

Ltd.

54,400

3,326,332

248,768

3.5

Toyota

Tsusho

Corp.

87,700

6,022,434

570,296

7.9

Short

Positions

Common

Stocks

Japan

Advantest

Corp.

(88,700)

(3,940,308)

(73,672)

(1.0)

Aeon

Co.

Ltd.

(245,400)

(5,821,355)

85,882

1.2

ANA

Holdings,

Inc.

(195,300)

(4,081,626)

(51,257)

(0.7)

Bandai

Namco

Holdings,

Inc.

(175,700)

(3,260,142)

90,670

1.3

Bridgestone

Corp.

(83,100)

(3,682,971)

(304,735)

(4.2)

Daikin

Industries

Ltd.

(33,200)

(4,533,152)

(107,363)

(1.5)

Denso

Corp.

(225,400)

(4,316,787)

(311,463)

(4.3)

Eisai

Co.

Ltd.

(98,100)

(4,040,622)

88,676

1.2

GMO

Payment

Gateway,

Inc.

(63,000)

(4,080,267)

239,591

3.3

IHI

Corp.

(217,900)

(5,824,852)

(776,792)

(10.8)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

231

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Japan

(continued)

Japan

Airlines

Co.

Ltd.

(212,700)

(4,038,687)

(194,407)

(2.7)

Japan

Airport

Terminal

Co.

Ltd.

(95,800)

(3,785,645)

(214,504)

(3.0)

Kobe

Bussan

Co.

Ltd.

(144,400)

(3,538,272)

345,972

4.8

Lasertec

Corp.

(12,700)

(3,619,884)

(447,821)

(6.2)

Mercari,

Inc.

(280,500)

(3,585,498)

93,539

1.3

Mitsubishi

Estate

Co.

Ltd.

(234,200)

(4,273,209)

(586,469)

(8.2)

Mitsubishi

UFJ

Financial

Group,

Inc.

(345,300)

(3,513,118)

63,513

0.9

Nissan

Chemical

Corp.

(94,500)

(3,579,289)

87,595

1.2

Nitori

Holdings

Co.

Ltd.

(42,600)

(6,456,120)

255,533

3.6

NTT

Data

Group

Corp.

(218,400)

(3,472,113)

(54,293)

(0.8)

Shimano,

Inc.

(25,100)

(3,733,966)

(285,161)

(4.0)

SMC

Corp.

(6,400)

(3,610,625)

47,665

0.7

SoftBank

Group

Corp.

(110,700)

(6,573,962)

(266,739)

(3.7)

Sony

Group

Corp.

(73,700)

(6,319,829)

(114,871)

(1.6)

Sumitomo

Chemical

Co.

Ltd.

(2,629,100)

(5,696,473)

(369,844)

(5.1)

Toyota

Motor

Corp.

(260,000)

(6,571,492)

(563,565)

(7.8)

Unicharm

Corp.

(115,500)

(3,677,088)

50,072

0.7

Yaskawa

Electric

Corp.

(100,000)

(4,257,469)

(41,589)

(0.6)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-3.95%

to

0.02%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

10-61

months

maturity

ranging

from

01/13/2025

-

03/07/2029

$1,388,196,750

$10,656,962

$(517,356)

$10,139,606

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

United

States

Altria

Group,

Inc.

121,907

5,317,583

114,593

1.1

Archer-Daniels-Midland

Co.

75,541

4,744,730

596,774

5.9

Arrow

Electronics,

Inc.

50,847

6,582,653

436,776

4.3

AT&T,

Inc.

294,622

5,185,347

79,548

0.8

Berry

Global

Group,

Inc.

74,280

4,492,454

(14,856)

(0.1)

Booking

Holdings,

Inc.

1,535

5,568,796

192,090

1.9

Bunge

Global

SA

57,182

5,862,299

498,055

4.9

Capital

One

Financial

Corp.

38,452

5,725,118

401,054

4.0

Cisco

Systems,

Inc.

124,482

6,212,897

(38,589)

(0.4)

Comcast

Corp.

115,913

5,024,829

(22,023)

(0.2)

Corebridge

Financial,

Inc.

222,490

6,392,138

903,309

8.9

Dell

Technologies,

Inc.

52,405

5,979,935

(91,709)

(0.9)

Everest

Group

Ltd.

11,333

4,504,868

202,067

2.0

Gilead

Sciences,

Inc.

63,795

4,672,984

(132,056)

(1.3)

232

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

States

(continued)

H&R

Block,

Inc.

108,906

5,348,374

145,934

1.4

Hartford

Financial

Services

Group,

Inc.

(The)

46,669

4,809,240

231,012

2.3

Hewlett

Packard

Enterprise

Co.

357,112

6,331,596

(110,705)

(1.1)

Johnson

&

Johnson

43,004

6,802,803

(130,732)

(1.3)

KB

Home

80,233

5,686,915

142,815

1.4

Kroger

Co.

(The)

91,892

5,249,790

196,649

1.9

Lennar

Corp.

33,861

5,823,415

266,147

2.6

Molson

Coors

Beverage

Co.

105,012

7,062,057

136,516

1.3

PulteGroup,

Inc.

46,496

5,608,348

454,266

4.5

Synchrony

Financial

164,372

7,087,721

95,336

0.9

Taylor

Morrison

Home

Corp.

85,049

5,287,496

381,020

3.8

TD

SYNNEX

Corp.

47,235

5,342,278

413,779

4.1

United

Therapeutics

Corp.

20,170

4,633,452

(399,164)

(3.9)

Unum

Group

99,462

5,337,131

329,219

3.2

Vertex

Pharmaceuticals,

Inc.

11,382

4,757,790

40,292

0.4

Vistra

Corp.

79,790

5,557,374

925,564

9.1

Short

Positions

Common

Stocks

United

States

Air

Products

and

Chemicals,

Inc.

(21,090)

(5,109,474)

119,580

1.2

Alexandria

Real

Estate

Equities,

Inc.

(44,963)

(5,796,180)

(91,725)

(0.9)

Avery

Dennison

Corp.

(20,490)

(4,574,392)

(149,167)

(1.5)

Brown-Forman

Corp.

(107,255)

(5,536,503)

379,683

3.7

Cognex

Corp.

(109,129)

(4,629,252)

(166,967)

(1.6)

Dominion

Energy,

Inc.

(90,033)

(4,428,723)

(139,551)

(1.4)

FMC

Corp.

(103,580)

(6,598,046)

47,647

0.5

Illumina,

Inc.

(33,165)

(4,554,218)

57,707

0.6

Ionis

Pharmaceuticals,

Inc.

(102,107)

(4,426,338)

(9,190)

(0.1)

MP

Materials

Corp.

(320,516)

(4,583,379)

333,337

3.3

Newmont

Corp.

(193,897)

(6,949,268)

(116,338)

(1.1)

NextEra

Energy,

Inc.

(95,902)

(6,129,097)

(579,248)

(5.7)

Pfizer,

Inc.

(247,331)

(6,863,435)

153,345

1.5

Prologis,

Inc.

(37,833)

(4,926,613)

147,549

1.5

Southwest

Airlines

Co.

(184,044)

(5,372,244)

844,762

8.3

Southwest

Gas

Holdings,

Inc.

(59,990)

(4,567,039)

(121,780)

(1.2)

Sun

Communities,

Inc.

(54,081)

(6,953,735)

255,262

2.5

Tesla,

Inc.

(35,908)

(6,312,267)

71,098

0.7

United

Parcel

Service,

Inc.

(47,163)

(7,009,837)

288,638

2.8

Welltower,

Inc.

(62,422)

(5,832,712)

(46,192)

(0.5)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

Rand

Overnight

Deposit

Rate

plus

or

minus

a

specified

spread

(-0.05%

to

0.06%),

which

is

denominated

in

ZAR

based

on

the

local

currencies

of

the

positions

within

the

swap.

26-61

months

maturity

ranging

from

04/20/2026

-

03/05/2029

$19,679,808

$(71,199)

$(12,048)

$(83,247)

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

233

(Continued)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

South

Africa

Absa

Group

Ltd.

146,069

1,140,407

(80,588)

96.8

African

Rainbow

Minerals

Ltd.

147,457

1,280,556

(170,658)

205.0

Aspen

Pharmacare

Holdings

Ltd.

54,060

626,171

38,447

(46.2)

Exxaro

Resources

Ltd.

144,350

1,287,870

(80,406)

96.6

Impala

Platinum

Holdings

Ltd.

220,041

909,038

107,642

(129.3)

MTN

Group

Ltd.

66,228

327,682

25,599

(30.8)

Nedbank

Group

Ltd.

84,283

1,016,839

(26,552)

31.9

Northam

Platinum

Holdings

Ltd.

14,164

84,453

5,168

(6.2)

Old

Mutual

Ltd.

606,398

376,197

(7,684)

9.2

OUTsurance

Group

Ltd.

25,115

55,693

2,254

(2.7)

Pepkor

Holdings

Ltd.

10,349

10,311

(361)

0.4

Sasol

Ltd.

344,001

2,658,409

148,717

(178.6)

Sibanye

Stillwater

Ltd.

641,107

733,740

16,134

(19.4)

Standard

Bank

Group

Ltd.

26,231

256,549

(16,807)

20.2

Vodacom

Group

Ltd.

11,937

62,111

3,170

(3.8)

Woolworths

Holdings

Ltd.

167,770

524,481

(37,115)

44.6

Short

Positions

Common

Stocks

Luxembourg

Reinet

Investments

SCA

(15,987)

(386,786)

17,059

(20.5)

South

Africa

Anglo

American

Platinum

Ltd.

(40,521)

(1,643,872)

(39,793)

47.8

Bidvest

Group

Ltd.

(The)

(39,147)

(501,243)

23,046

(27.7)

Capitec

Bank

Holdings

Ltd.

(26,799)

(2,963,980)

56,921

(68.4)

Clicks

Group

Ltd.

(8,326)

(130,170)

4,378

(5.3)

Discovery

Ltd.

(77,698)

(494,863)

57,515

(69.1)

FirstRand

Ltd.

(50,318)

(163,951)

5,467

(6.6)

Kumba

Iron

Ore

Ltd.

(1,338)

(32,657)

1,868

(2.2)

Naspers

Ltd.

(8,240)

(1,460,729)

(171,374)

205.9

Sanlam

Ltd.

(12,675)

(46,437)

3,112

(3.7)

Shoprite

Holdings

Ltd.

(38,625)

(504,613)

43,642

(52.4)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CDOR

plus

or

minus

a

specified

spread

(-8.07%

to

0.20%),

which

is

denominated

in

CAD

based

on

the

local

currencies

of

the

positions

within

the

swap.

11-61

months

maturity

ranging

from

02/25/2025

-

02/13/2029

$164,558,369

$(542,608)

$(220,931)

$(763,539)

234

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Canada

Air

Canada

345,051

4,995,349

320,966

(42.0)

Alimentation

Couche-Tard,

Inc.

26,648

1,520,916

(69,839)

9.1

AltaGas

Ltd.

82,603

1,824,578

40,858

(5.4)

Atco

Ltd.

54,791

1,525,354

3,236

(0.4)

Bank

of

Nova

Scotia

(The)

45,438

2,350,479

93,590

(12.3)

Bombardier,

Inc.

39,651

1,702,193

43,909

(5.8)

Canadian

Imperial

Bank

of

Commerce

67,140

3,403,716

74,349

(9.7)

Canadian

Tire

Corp.

Ltd.

23,102

2,304,145

93,803

(12.3)

Capital

Power

Corp.

101,900

2,874,459

(6,018)

0.8

CGI,

Inc.

29,132

3,213,972

(160,225)

21.0

Constellation

Software,

Inc.

663

1,811,007

7,645

(1.0)

Empire

Co.

Ltd.

113,870

2,780,864

(5,044)

0.7

Fairfax

Financial

Holdings

Ltd.

5,780

6,230,392

(330,402)

43.3

Finning

International,

Inc.

68,969

2,026,987

140,530

(18.4)

George

Weston

Ltd.

15,181

2,051,068

33,062

(4.3)

iA

Financial

Corp.,

Inc.

26,053

1,618,515

(43,853)

5.7

Imperial

Oil

Ltd.

24,399

1,682,919

33,684

(4.4)

Loblaw

Cos.

Ltd.

18,438

2,043,146

3,539

(0.5)

Manulife

Financial

Corp.

270,996

6,768,148

246,078

(32.2)

Onex

Corp.

18,930

1,418,056

15,233

(2.0)

Open

Text

Corp.

91,673

3,557,147

23,687

(3.1)

Sun

Life

Financial,

Inc.

35,366

1,929,719

1,305

(0.2)

Suncor

Energy,

Inc.

51,623

1,905,159

31,632

(4.1)

Whitecap

Resources,

Inc.

282,241

2,135,743

47,924

(6.3)

United

States

BRP,

Inc.

34,700

2,329,899

207,757

(27.2)

Short

Positions

Common

Stocks

Canada

Algonquin

Power

&

Utilities

Corp.

(611,534)

(3,864,554)

(284,424)

37.3

Barrick

Gold

Corp.

(146,904)

(2,443,429)

(147,495)

19.3

BCE,

Inc.

(50,480)

(1,715,400)

10,435

(1.4)

Brookfield

Corp.

(67,073)

(2,806,613)

(57,935)

7.6

Cameco

Corp.

(47,846)

(2,071,307)

(65,700)

8.6

Canadian

Natural

Resources

Ltd.

(38,267)

(2,919,146)

(112,155)

14.7

Canadian

Pacific

Kansas

City

Ltd.

(28,454)

(2,508,775)

45,584

(6.0)

Colliers

International

Group,

Inc.

(11,952)

(1,460,923)

(47,736)

6.3

Element

Fleet

Management

Corp.

(132,292)

(2,137,885)

23,440

(3.1)

Enbridge,

Inc.

(83,514)

(3,017,984)

(53,023)

6.9

Franco-Nevada

Corp.

(35,564)

(4,237,592)

(96,357)

12.6

Hydro

One

Ltd.

(58,863)

(1,716,503)

61,273

(8.0)

Keyera

Corp.

(86,061)

(2,216,728)

(81,324)

10.7

Pan

American

Silver

Corp.

(194,260)

(2,928,492)

(174,964)

22.9

RB

Global,

Inc.

(46,259)

(3,523,341)

(52,592)

6.9

Rogers

Communications,

Inc.

(68,652)

(2,812,880)

83,626

(11.0)

SNC-Lavalin

Group,

Inc.

(63,028)

(2,577,794)

32,106

(4.2)

TC

Energy

Corp.

(128,519)

(5,165,239)

7,590

(1.0)

Teck

Resources

Ltd.

(85,270)

(3,902,949)

(119,607)

15.7

Thomson

Reuters

Corp.

(25,589)

(3,982,253)

26,070

(3.4)

Toronto-Dominion

Bank

(The)

(41,823)

(2,524,108)

(46,931)

6.1

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

235

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Canada

(continued)

Tourmaline

Oil

Corp.

(51,760)

(2,419,963)

(92,091)

12.1

WSP

Global,

Inc.

(18,532)

(3,088,689)

(38,444)

5.0

Chile

Lundin

Mining

Corp.

(311,034)

(3,182,556)

(137,773)

18.0

United

States

GFL

Environmental,

Inc.

(69,662)

(2,402,209)

(32,400)

4.2

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SONIA

plus

or

minus

a

specified

spread

(-1.60%

to

0.23%),

which

is

denominated

in

GBP

based

on

the

local

currencies

of

the

positions

within

the

swap.

10-61

months

maturity

ranging

from

01/21/2025

-

04/03/2029

$242,133,971

$3,648,889

$86,236

$3,735,125

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Austria

Mondi

plc

217,164

3,824,975

166,378

4.5

Germany

TUI

AG

452,159

3,724,048

515,660

13.8

Italy

Coca-Cola

HBC

AG

120,624

3,811,753

34,540

0.9

Netherlands

Shell

plc

124,059

4,116,216

106,957

2.9

United

Kingdom

Associated

British

Foods

plc

93,168

2,939,531

230,212

6.2

BAE

Systems

plc

339,025

5,778,826

194,726

5.2

Barclays

plc

2,604,092

6,035,370

145,774

3.9

BP

plc

480,239

3,012,746

21,497

0.6

British

American

Tobacco

plc

81,891

2,485,481

5,906

0.2

BT

Group

plc

3,833,471

5,305,376

239,103

6.4

Centrica

plc

7,055,590

11,374,035

(171,574)

(4.6)

Compass

Group

plc

69,009

2,024,217

133,282

3.6

DCC

plc

63,308

4,606,046

23,731

0.6

Harbour

Energy

plc

705,772

2,457,985

14,509

0.4

HSBC

Holdings

plc

330,383

2,582,546

68,910

1.8

Imperial

Brands

plc

155,300

3,471,671

101,161

2.7

InterContinental

Hotels

Group

plc

36,567

3,799,746

94,580

2.5

J

Sainsbury

plc

558,842

1,908,132

141,816

3.8

JD

Sports

Fashion

plc

1,995,428

3,389,943

588,508

15.8

Kingfisher

plc

960,479

3,022,894

284,889

7.6

Lloyds

Banking

Group

plc

2,871,472

1,877,933

65,786

1.8

Man

Group

plc

841,115

2,838,754

187,906

5.0

236

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

Kingdom

(continued)

Marks

&

Spencer

Group

plc

1,396,088

4,675,318

377,623

10.1

NatWest

Group

plc

744,397

2,493,240

237,403

6.4

Pearson

plc

189,537

2,495,725

52,808

1.4

Standard

Chartered

plc

551,737

4,677,472

106,174

2.8

Tesco

plc

930,791

3,486,253

105,185

2.8

Vodafone

Group

plc

5,556,520

4,928,218

147,475

3.9

United

States

CRH

plc

34,252

2,956,291

102,169

2.7

GSK

plc

150,280

3,226,571

76,434

2.0

Short

Positions

Common

Stocks

Australia

Rio

Tinto

plc

(38,886)

(2,458,564)

(60,517)

(1.6)

Chile

Antofagasta

plc

(203,179)

(5,218,859)

(265,674)

(7.1)

Hong

Kong

Prudential

plc

(499,907)

(4,688,418)

263,922

7.1

United

Kingdom

Admiral

Group

plc

(90,593)

(3,246,648)

(87,380)

(2.3)

Ashtead

Group

plc

(61,628)

(4,389,714)

(275,042)

(7.4)

AstraZeneca

plc

(41,283)

(5,546,116)

(184,477)

(4.9)

Diageo

plc

(173,846)

(6,432,688)

(138,633)

(3.7)

Flutter

Entertainment

plc

(11,608)

(2,313,865)

120,094

3.2

Halma

plc

(100,984)

(3,015,421)

(193,520)

(5.2)

Informa

plc

(422,260)

(4,430,356)

(46,264)

(1.2)

Intermediate

Capital

Group

plc

(91,651)

(2,373,897)

(71,340)

(1.9)

Legal

&

General

Group

plc

(776,694)

(2,495,268)

(38,513)

(1.0)

National

Grid

plc

(475,098)

(6,401,475)

(123,659)

(3.3)

Ocado

Group

plc

(402,206)

(2,306,597)

39,735

1.1

Reckitt

Benckiser

Group

plc

(87,474)

(4,986,459)

64,584

1.7

Rentokil

Initial

plc

(808,869)

(4,809,141)

9,574

0.3

Spirax-Sarco

Engineering

plc

(18,386)

(2,332,743)

65,058

1.7

Unilever

plc

(77,604)

(3,895,864)

(162,580)

(4.4)

Wise

plc

(158,099)

(1,848,077)

38,019

1.0

WPP

plc

(289,756)

(2,746,058)

(167,763)

(4.5)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

WIBOR

plus

or

minus

a

specified

spread

(-0.85%

to

0.70%),

which

is

denominated

in

PLN

based

on

the

local

currencies

of

the

positions

within

the

swap.

25-61

months

maturity

ranging

from

04/17/2026

-

03/29/2029

$12,283,593

$132,553

$(7,204)

$125,349

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

237

(Continued)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Poland

Bank

Polska

Kasa

Opieki

SA

23,828

1,082,833

67,803

54.1

Budimex

SA

237

41,534

141

0.1

Cyfrowy

Polsat

SA

150,559

404,603

7,691

6.1

ORLEN

SA

152,941

2,491,089

71,938

57.4

PGE

Polska

Grupa

Energetyczna

SA

991,125

1,785,708

12,581

10.0

Powszechna

Kasa

Oszczednosci

Bank

Polski

SA

8,005

118,776

7,508

6.0

Powszechny

Zaklad

Ubezpieczen

SA

40,693

497,014

9,417

7.5

United

Kingdom

Pepco

Group

NV

93,802

422,740

16,399

13.1

Short

Positions

Common

Stocks

Poland

Allegro.eu

SA

(166,561)

(1,379,281)

(42,598)

(34.0)

CD

Projekt

SA

(9,792)

(286,505)

(10,712)

(8.5)

Dino

Polska

SA

(15,078)

(1,462,751)

56,351

45.0

KGHM

Polska

Miedz

SA

(7,388)

(210,996)

7,169

5.7

LPP

SA

(48)

(183,720)

(17,883)

(14.3)

mBank

SA

(8,560)

(1,584,551)

(29,204)

(23.3)

Santander

Bank

Polska

SA

(2,328)

(331,492)

(24,048)

(19.2)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SORA

plus

or

minus

a

specified

spread

(-0.75%

to

0.25%),

which

is

denominated

in

SGD

based

on

the

local

currencies

of

the

positions

within

the

swap.

11-60

months

maturity

ranging

from

02/25/2025

-

01/24/2029

$27,038,367

$355,957

$24,342

$380,299

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

China

Wilmar

International

Ltd.

758,600

1,926,939

11,126

2.9

Yangzijiang

Shipbuilding

Holdings

Ltd.

2,820,000

3,988,754

417,416

109.8

Singapore

CapitaLand

Integrated

Commercial

Trust

439,000

643,689

19,449

5.1

DBS

Group

Holdings

Ltd.

13,400

357,617

11,266

3.0

Genting

Singapore

Ltd.

4,603,300

3,019,014

18,900

5.0

238

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Singapore

(continued)

Jardine

Cycle

&

Carriage

Ltd.

76,100

1,362,541

(6,441)

(1.7)

Oversea-Chinese

Banking

Corp.

Ltd.

166,200

1,660,649

16,189

4.3

Singapore

Airlines

Ltd.

158,100

749,316

4,627

1.2

United

Overseas

Bank

Ltd.

49,700

1,080,480

15,256

4.0

UOL

Group

Ltd.

138,800

590,915

7,035

1.8

Short

Positions

Common

Stocks

Singapore

CapitaLand

Investment

Ltd/Singapore

(453,900)

(900,697)

(3,150)

(0.8)

City

Developments

Ltd.

(429,200)

(1,859,229)

293

0.1

Keppel

Ltd.

(260,400)

(1,415,026)

(32,269)

(8.5)

Mapletree

Logistics

Trust

(944,800)

(1,021,517)

(20,914)

(5.5)

Seatrium

Ltd.

(10,395,100)

(607,529)

16,061

4.2

Singapore

Technologies

Engineering

Ltd.

(500,300)

(1,489,542)

(37,088)

(9.8)

Singapore

Telecommunications

Ltd.

(2,322,600)

(4,364,913)

(81,799)

(21.5)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-3.70%

to

0.45%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

24

months

maturity

01/27/2025

$22,309,639

$(240,433)

$489,221

$248,788

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

South

Korea

DB

Insurance

Co.

Ltd.

13,104

937,344

(82,897)

(33.3)

Doosan

Bobcat,

Inc.

42,933

1,722,561

100,818

40.5

GS

Holdings

Corp.

34,780

1,251,628

(38,823)

(15.6)

Hankook

Tire

&

Technology

Co.

Ltd.

20,668

830,472

(10,292)

(4.1)

Hyundai

Engineering

&

Construction

Co.

Ltd.

10,435

258,035

(1,246)

(0.5)

Hyundai

Glovis

Co.

Ltd.

6,082

816,290

(9,779)

(3.9)

Hyundai

Mobis

Co.

Ltd.

2,458

477,191

4,710

1.9

Hyundai

Steel

Co.

13,335

315,208

(7,189)

(2.9)

Industrial

Bank

of

Korea

86,826

900,577

(94,344)

(37.9)

Kia

Corp.

11,359

944,038

416

0.2

Korea

Investment

Holdings

Co.

Ltd.

30,455

1,507,808

(62,365)

(25.1)

Kumho

Petrochemical

Co.

Ltd.

6,998

730,076

140

0.1

LG

Electronics,

Inc.

4,700

337,861

(8,458)

(3.4)

Mirae

Asset

Securities

Co.

Ltd.

68,439

413,181

(11,057)

(4.4)

NH

Investment

&

Securities

Co.

Ltd.

48,455

424,679

(37,055)

(14.9)

Samsung

SDS

Co.

Ltd.

1,147

139,367

6,568

2.6

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

239

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

South

Korea

(continued)

Samsung

Securities

Co.

Ltd.

16,919

511,611

(11,514)

(4.6)

Woori

Financial

Group,

Inc.

145,336

1,576,488

(61,818)

(24.8)

Short

Positions

Common

Stocks

South

Korea

Amorepacific

Corp.

(3,934)

(354,208)

(8,056)

(3.2)

Hanon

Systems

(101,115)

(449,386)

(17,715)

(7.1)

HYBE

Co.

Ltd.

(1,046)

(177,952)

(16,634)

(6.7)

Kakao

Corp.

(7,789)

(314,836)

(2,626)

(1.1)

KakaoBank

Corp.

(32,555)

(679,935)

(5,647)

(2.3)

KT&G

Corp.

(3,558)

(247,640)

(3,495)

(1.4)

LG

Chem

Ltd.

(1,305)

(427,133)

20,603

8.3

NAVER

Corp.

(2,102)

(292,026)

2,398

1.0

Pearl

Abyss

Corp.

(14,574)

(328,135)

(2,387)

(1.0)

Samsung

Biologics

Co.

Ltd.

(2,259)

(1,398,153)

15,615

6.3

Samsung

C&T

Corp.

(2,151)

(255,795)

(1,784)

(0.7)

Samsung

Heavy

Industries

Co.

Ltd.

(166,472)

(1,066,280)

45,022

18.1

Samsung

SDI

Co.

Ltd.

(3,350)

(1,188,091)

24,917

10.0

SK

Biopharmaceuticals

Co.

Ltd.

(7,710)

(529,790)

19,939

8.0

SK

IE

Technology

Co.

Ltd.

(4,367)

(237,200)

11,050

4.4

Yuhan

Corp.

(4,673)

(268,664)

2,552

1.0

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.28%

to

0.28%),

which

is

denominated

in

CHF

based

on

the

local

currencies

of

the

positions

within

the

swap.

3-76

months

maturity

05/21/2024

$94,051,601

$(1,069)

$(42,113)

$(43,182)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Switzerland

ABB

Ltd.

(Registered)

12,440

577,095

(6,385)

14.8

Adecco

Group

AG

(Registered)

96,814

3,830,185

31,053

(71.9)

BKW

AG

16,050

2,466,328

110,038

(254.8)

DKSH

Holding

AG

18,855

1,282,646

(36,587)

84.7

Flughafen

Zurich

AG

(Registered)

10,694

2,428,297

82,815

(191.8)

Georg

Fischer

AG

(Registered)

22,310

1,654,650

(59,696)

138.2

Helvetia

Holding

AG

(Registered)

11,213

1,545,946

(75,361)

174.5

Kuehne

+

Nagel

International

AG

(Registered)

4,740

1,318,757

63,131

(146.2)

Logitech

International

SA

(Registered)

33,808

3,029,512

86,752

(200.9)

Novartis

AG

(Registered)

59,982

5,809,763

121,167

(280.6)

240

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Switzerland

(continued)

Schindler

Holding

AG

3,221

810,784

(26,029)

60.3

SGS

SA

(Registered)

6,538

634,726

19,239

(44.6)

Swatch

Group

AG

(The)

9,664

2,254,440

37,351

(86.5)

Swisscom

AG

(Registered)

3,244

1,985,508

91,301

(211.4)

Tecan

Group

AG

(Registered)

3,682

1,525,562

34,553

(80.0)

UBS

Group

AG

(Registered)

106,619

3,282,898

(34,426)

79.7

Zurich

Insurance

Group

AG

2,199

1,187,932

4,127

(9.6)

United

States

Holcim

AG

83,826

7,594,366

394,541

(913.7)

Roche

Holding

AG

4,804

1,226,553

3,513

(8.1)

Swiss

Re

AG

9,462

1,217,143

14,787

(34.2)

Short

Positions

Common

Stocks

Switzerland

Alcon,

Inc.

(21,387)

(1,768,950)

10,592

(24.5)

Avolta

AG

(24,879)

(1,035,896)

(53,536)

124.0

Bachem

Holding

AG

(10,076)

(964,909)

(58,812)

136.2

Baloise

Holding

AG

(Registered)

(543)

(85,146)

1,014

(2.3)

Banque

Cantonale

Vaudoise

(Registered)

(13,944)

(1,622,190)

(8,004)

18.5

Barry

Callebaut

AG

(Registered)

(913)

(1,326,225)

3,009

(7.0)

Belimo

Holding

AG

(Registered)

(638)

(313,122)

7,771

(18.0)

Chocoladefabriken

Lindt

&

Spruengli

AG

(195)

(2,333,921)

35,874

(83.1)

Cie

Financiere

Richemont

SA

(Registered)

(22,382)

(3,407,445)

117,934

(273.1)

Clariant

AG

(Registered)

(28,632)

(387,390)

(15,938)

36.9

EMS-Chemie

Holding

AG

(Registered)

(983)

(753,390)

(43,267)

100.2

Galenica

AG

(1,694)

(141,358)

(293)

0.7

Geberit

AG

(Registered)

(777)

(459,194)

(5,151)

11.9

Givaudan

SA

(Registered)

(646)

(2,875,825)

36,673

(84.9)

Julius

Baer

Group

Ltd.

(19,479)

(1,129,751)

(54,556)

126.3

Lonza

Group

AG

(Registered)

(4,578)

(2,735,806)

(309,367)

716.4

Partners

Group

Holding

AG

(1,753)

(2,504,136)

13,062

(30.2)

SIG

Group

AG

(294,223)

(6,524,178)

(374,482)

867.2

Sika

AG

(Registered)

(16,898)

(5,028,007)

(68,312)

158.2

Sonova

Holding

AG

(Registered)

(2,319)

(671,566)

18,335

(42.5)

Straumann

Holding

AG

(Registered)

(13,470)

(2,149,242)

(2,197)

5.1

Swiss

Life

Holding

AG

(Registered)

(1,756)

(1,231,645)

(4,188)

9.7

Swiss

Prime

Site

AG

(Registered)

(3,105)

(292,886)

6,476

(15.0)

Temenos

AG

(Registered)

(2,368)

(169,384)

(2,178)

5.0

VAT

Group

AG

(4,748)

(2,452,788)

(36,275)

84.0

United

States

Nestle

SA

(Registered)

(56,698)

(6,024,160)

(71,137)

164.7

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

241

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CIBOR

plus

or

minus

a

specified

spread

(-0.30%

to

0.30%),

which

is

denominated

in

DKK

based

on

the

local

currencies

of

the

positions

within

the

swap.

21-37

months

maturity

02/21/2025

$52,646,041

$(748,947)

$178,519

$(570,428)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Denmark

AP

Moller

-

Maersk

A/S

2,075

2,705,478

30,788

(5.4)

Carlsberg

A/S

16,185

2,216,458

64,185

(11.3)

Danske

Bank

A/S

11,836

355,274

734

(0.1)

Demant

A/S

29,023

1,442,540

(11,160)

2.0

Genmab

A/S

12,366

3,707,681

53,605

(9.4)

ISS

A/S

169,750

3,092,648

59,228

(10.4)

Jyske

Bank

A/S

(Registered)

10,848

918,887

33,957

(6.0)

Novo

Nordisk

A/S

21,429

2,748,771

(84,729)

14.9

Pandora

A/S

24,965

4,029,502

(94,110)

16.5

ROCKWOOL

A/S

10,779

3,546,566

200,857

(35.2)

Royal

Unibrew

A/S

1,509

99,849

4,012

(0.7)

Short

Positions

Common

Stocks

Denmark

Ambu

A/S

(48,399)

(796,552)

22,132

(3.9)

Coloplast

A/S

(23,802)

(3,213,676)

(9,941)

1.7

DSV

A/S

(44,191)

(7,183,453)

(539,319)

94.5

GN

Store

Nord

A/S

(35,176)

(930,365)

(117,850)

20.7

Novonesis

(Novozymes)

(44,013)

(2,588,913)

1,379

(0.2)

Orsted

A/S

(74,050)

(4,137,830)

(338,856)

59.4

Tryg

A/S

(101,629)

(2,095,014)

29,040

(5.1)

Vestas

Wind

Systems

A/S

(245,095)

(6,836,584)

(52,899)

9.3

242

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.75%

to

0.28%),

which

is

denominated

in

EUR

based

on

the

local

currencies

of

the

positions

within

the

swap.

8-85

months

maturity

11/13/2024

$448,292,619

$3,282,016

$216,823

$3,498,839

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Belgium

Ageas

SA/NV

78,129

3,619,374

235,994

6.7

France

Bouygues

SA

164,627

6,720,875

29,244

0.8

Carrefour

SA

229,946

3,944,570

42,330

1.2

Cie

de

Saint-Gobain

SA

98,223

7,623,458

297,898

8.5

Credit

Agricole

SA

293,819

4,383,172

184,048

5.3

Eiffage

SA

43,808

4,971,867

76,253

2.2

Orange

SA

325,723

3,830,508

103,879

3.0

Rexel

SA

168,770

4,558,957

119,336

3.4

TotalEnergies

SE

68,548

4,715,375

52,314

1.5

Worldline

SA

326,692

4,041,679

437,945

12.5

Germany

Brenntag

SE

49,329

4,157,500

(5,259)

(0.2)

Commerzbank

AG

243,955

3,352,964

226,257

6.5

Deutsche

Bank

AG

(Registered)

689,198

10,855,046

812,778

23.2

Heidelberg

Materials

AG

85,079

9,365,613

886,285

25.3

RWE

AG

101,472

3,448,750

61,653

1.8

Netherlands

Koninklijke

Ahold

Delhaize

NV

215,076

6,435,461

135,718

3.9

Koninklijke

Philips

NV

169,695

3,396,268

(97,910)

(2.8)

Randstad

NV

70,297

3,712,077

(108,738)

(3.1)

Singapore

STMicroelectronics

NV

94,418

4,063,588

(135,180)

(3.9)

Spain

Acerinox

SA

277,172

3,043,811

154,690

4.4

Banco

Bilbao

Vizcaya

Argentaria

SA

366,524

4,364,751

258,268

7.4

Banco

de

Sabadell

SA

3,152,498

4,959,447

186,257

5.3

Banco

Santander

SA

1,438,991

7,028,654

567,448

16.2

Industria

de

Diseno

Textil

SA

64,713

3,258,707

118,400

3.4

Repsol

SA

472,286

7,883,030

99,753

2.9

United

States

Signify

NV

117,297

3,610,929

259,994

7.4

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

243

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Belgium

D'ieteren

Group

(13,817)

(3,063,255)

(116,246)

(3.3)

France

Dassault

Systemes

SE

(85,234)

(3,773,068)

77,754

2.2

Hermes

International

SCA

(1,936)

(4,947,992)

16,577

0.5

Kering

SA

(11,549)

(4,574,368)

450,528

12.9

L'Oreal

SA

(12,221)

(5,787,519)

25,733

0.7

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(8,404)

(7,561,892)

203,246

5.8

Pernod

Ricard

SA

(43,668)

(7,069,158)

(34,307)

(1.0)

Sartorius

Stedim

Biotech

(23,919)

(6,822,332)

12,823

0.4

Germany

adidas

AG

(18,416)

(4,114,666)

(139,059)

(4.0)

Carl

Zeiss

Meditec

AG

(29,095)

(3,631,801)

134,896

3.9

Merck

KGaA

(36,824)

(6,493,379)

(279,986)

(8.0)

MTU

Aero

Engines

AG

(15,264)

(3,871,351)

(177,676)

(5.1)

Rheinmetall

AG

(9,579)

(5,387,434)

(456,937)

(13.1)

Siemens

Healthineers

AG

(91,296)

(5,583,443)

(116,988)

(3.3)

Symrise

AG

(27,943)

(3,345,083)

(63,658)

(1.8)

Netherlands

Adyen

NV

(3,184)

(5,378,212)

(418,675)

(12.0)

Argenx

SE

(10,708)

(4,221,879)

(372,644)

(10.7)

Heineken

NV

(40,644)

(3,918,392)

(222,817)

(6.4)

Spain

Cellnex

Telecom

SA

(213,260)

(7,544,009)

(197,686)

(5.7)

Iberdrola

SA

(267,647)

(3,324,271)

(150,026)

(4.3)

Switzerland

DSM-Firmenich

AG

(82,248)

(9,354,234)

(129,525)

(3.7)

United

States

Ferrovial

SE

(188,665)

(7,469,596)

(72,908)

(2.1)

Preferred

Stocks

Germany

Dr

Ing

hc

F

Porsche

AG

(Preference)

(42,927)

(4,269,429)

(16,154)

(0.5)

Sartorius

AG

(Preference)

(18,559)

(7,369,973)

(240,005)

(6.9)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

NIBOR

plus

or

minus

a

specified

spread

(-0.30%

to

0.30%),

which

is

denominated

in

NOK

based

on

the

local

currencies

of

the

positions

within

the

swap.

29-37

months

maturity

02/21/2025

$16,473,239

$(35,883)

$(39,188)

$(75,071)

244

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Brazil

Yara

International

ASA

109,439

3,470,213

68,043

(90.6)

Norway

DNB

Bank

ASA

8,197

162,936

3,549

(4.7)

Equinor

ASA

88,543

2,374,228

88,168

(117.4)

Norsk

Hydro

ASA

325,784

1,790,309

43,231

(57.6)

United

Kingdom

Subsea

7

SA

61,632

985,819

11,367

(15.1)

Short

Positions

Common

Stocks

Norway

Gjensidige

Forsikring

ASA

(50,988)

(740,063)

47,547

(63.3)

Kongsberg

Gruppen

ASA

(6,680)

(461,240)

(24,070)

32.1

Mowi

ASA

(53,006)

(973,652)

(5,224)

7.0

Orkla

ASA

(87,324)

(616,745)

(4,636)

6.2

Salmar

ASA

(15,142)

(999,346)

(27,212)

36.2

Telenor

ASA

(159,572)

(1,774,819)

(49,974)

66.6

TOMRA

Systems

ASA

(135,685)

(2,123,869)

(186,672)

248.7

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

STIBOR

plus

or

minus

a

specified

spread

(-0.30%

to

0.30%),

which

is

denominated

in

SEK

based

on

the

local

currencies

of

the

positions

within

the

swap.

13-37

months

maturity

02/21/2025

$74,989,381

$289,499

$437,503

$727,002

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Guatemala

Millicom

International

Cellular

SA

10,316

210,355

17,604

2.4

Sweden

AAK

AB

18,643

443,019

20,486

2.8

Alfa

Laval

AB

9,622

378,090

995

0.1

Billerud

Aktiebolag

124,641

1,118,485

20,657

2.8

Elekta

AB

168,682

1,271,444

23,663

3.3

Embracer

Group

AB

1,266,188

2,758,386

742,232

102.1

Essity

AB

63,388

1,505,727

38,280

5.3

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

245

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Sweden

(continued)

Evolution

AB

9,190

1,141,434

(31,012)

(4.3)

Getinge

AB

84,299

1,695,498

51,888

7.1

H

&

M

Hennes

&

Mauritz

AB

124,933

2,037,167

335,912

46.2

Hexpol

AB

50,191

612,873

18,778

2.6

Husqvarna

AB

102,423

876,434

80,513

11.1

Saab

AB

20,783

1,848,708

129,218

17.8

Sandvik

AB

40,630

902,018

(10,487)

(1.4)

Securitas

AB

129,044

1,330,320

16,853

2.3

Skandinaviska

Enskilda

Banken

AB

10,536

142,737

(8,502)

(1.2)

Skanska

AB

22,074

393,106

(5,934)

(0.8)

SKF

AB

218,758

4,465,904

(275,487)

(37.9)

SSAB

AB

392,119

2,895,269

46,692

6.4

Svenska

Handelsbanken

AB

14,839

150,022

(16,820)

(2.3)

Swedbank

AB

88,973

1,765,914

(104,315)

(14.3)

Telefonaktiebolaget

LM

Ericsson

7,240

38,938

966

0.1

Trelleborg

AB

95,588

3,418,034

(128,117)

(17.6)

Volvo

AB

93,526

2,534,690

(136,795)

(18.8)

Volvo

Car

AB

1,237,141

4,683,799

593,513

81.6

Short

Positions

Common

Stocks

Sweden

AddTech

AB

(66,528)

(1,513,524)

(45,482)

(6.3)

Assa

Abloy

AB

(23,944)

(687,152)

(14,510)

(2.0)

Atlas

Copco

AB

(7,803)

(131,781)

893

0.1

Axfood

AB

(9,129)

(265,410)

(9,723)

(1.3)

Beijer

Ref

AB

(107,423)

(1,595,007)

(239,173)

(32.9)

Boliden

AB

(44,282)

(1,229,606)

(52,848)

(7.3)

Castellum

AB

(100,414)

(1,320,612)

(101,554)

(14.0)

Electrolux

AB

(111,141)

(992,385)

(54,374)

(7.5)

Epiroc

AB

(131,787)

(2,473,980)

29,038

4.0

EQT

AB

(182,461)

(5,776,626)

(83,242)

(11.5)

Fastighets

AB

Balder

(184,872)

(1,357,968)

(150,358)

(20.7)

Hexagon

AB

(216,781)

(2,562,554)

(42,150)

(5.8)

Holmen

AB

(27,666)

(1,125,450)

(36,799)

(5.1)

Indutrade

AB

(15,419)

(419,965)

(18,644)

(2.6)

Lifco

AB

(63,690)

(1,663,221)

(15,040)

(2.1)

Nibe

Industrier

AB

(950,127)

(4,672,155)

209,850

28.9

Sagax

AB

(56,764)

(1,497,451)

(123,958)

(17.1)

Svenska

Cellulosa

AB

SCA

(222,138)

(3,415,151)

(261,763)

(36.0)

Swedish

Orphan

Biovitrum

AB

(11,466)

(286,222)

643

0.1

Tele2

AB

(203,079)

(1,667,575)

(24,198)

(3.3)

Telia

Co.

AB

(670,014)

(1,717,215)

(97,890)

(13.5)

246

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

Federal

Funds

Effective

Rate

plus

or

minus

a

specified

spread

(-8.00%

to

0.40%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

10-49

months

maturity

ranging

from

01/09/2025

-

04/22/2025

$133,781,023

$(351,788)

$569,750

$217,962

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Brazil

Banco

do

Brasil

SA

213,700

2,412,508

29,392

13.5

Telefonica

Brasil

SA

93,200

940,288

(13,455)

(6.2)

TIM

SA/Brazil

406,400

1,442,342

(61,867)

(28.4)

Ultrapar

Participacoes

SA

268,600

1,524,712

10,617

4.9

Vibra

Energia

SA

520,000

2,593,053

(23,263)

(10.7)

South

Korea

DB

Insurance

Co.

Ltd.

21,380

1,529,336

(94,124)

(43.2)

Hana

Financial

Group,

Inc.

53,118

2,325,391

(143,253)

(65.7)

Hyundai

Glovis

Co.

Ltd.

8,595

1,153,569

(45,762)

(21.0)

Hyundai

Mobis

Co.

Ltd.

5,664

1,099,596

(38,248)

(17.5)

Kia

Corp.

30,812

2,560,761

(387,974)

(178.0)

Posco

International

Corp.

23,389

924,559

(73,024)

(33.5)

Woori

Financial

Group,

Inc.

173,329

1,880,134

(57,061)

(26.2)

Taiwan

ASE

Technology

Holding

Co.

Ltd.

195,000

946,549

(26,150)

(12.0)

Compal

Electronics,

Inc.

1,147,000

1,373,744

37,489

17.2

Hon

Hai

Precision

Industry

Co.

Ltd.

749,000

3,637,934

422,027

193.6

MediaTek,

Inc.

42,000

1,521,841

(1,361)

(0.6)

Novatek

Microelectronics

Corp.

126,000

2,319,633

(86,993)

(39.9)

Pegatron

Corp.

696,000

2,166,834

154,523

70.9

Pou

Chen

Corp.

1,152,000

1,304,064

69,089

31.7

Shanghai

Commercial

&

Savings

Bank

Ltd.

(The)

824,764

1,243,302

37,744

17.3

WPG

Holdings

Ltd.

581,000

1,743,202

46,507

21.3

Zhen

Ding

Technology

Holding

Ltd.

285,000

1,113,094

154,839

71.0

Preferred

Stocks

Brazil

Petroleo

Brasileiro

SA

(Preference)

311,800

2,322,616

59,663

27.4

Consolidated

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

247

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Brazil

Cia

Siderurgica

Nacional

SA

(335,300)

(1,049,609)

(1,231)

(0.6)

Cosan

SA

(467,000)

(1,508,434)

11,884

5.5

Equatorial

Energia

SA

(192,906)

(1,251,962)

27,854

12.8

Localiza

Rent

a

Car

SA

(224,500)

(2,447,593)

(96,658)

(44.3)

Natura

&

Co.

Holding

SA

(393,400)

(1,402,479)

45,270

20.8

Rede

D'Or

Sao

Luiz

SA

(200,600)

(1,012,319)

29,136

13.4

Suzano

SA

(144,100)

(1,838,242)

(87,643)

(40.2)

South

Korea

Kakao

Corp.

(35,493)

(1,434,646)

(24,570)

(11.3)

L&F

Co.

Ltd.

(7,297)

(955,417)

9,450

4.3

LG

Energy

Solution

Ltd.

(6,470)

(1,927,421)

48,896

22.4

POSCO

Future

M

Co.

Ltd.

(4,559)

(1,025,190)

75,209

34.5

Samsung

Biologics

Co.

Ltd.

(2,002)

(1,239,089)

49,997

22.9

Samsung

Electronics

Co.

Ltd.

(33,005)

(1,983,518)

(182,426)

(83.7)

SK

Hynix,

Inc.

(17,150)

(2,271,953)

(159,795)

(73.3)

SK

Square

Co.

Ltd.

(41,323)

(2,417,234)

(279,934)

(128.4)

SKC

Co.

Ltd.

(12,239)

(1,087,697)

29,726

13.6

Taiwan

AUO

Corp.

(2,642,924)

(1,494,150)

(4,863)

(2.2)

China

Steel

Corp.

(2,802,000)

(2,083,687)

12,133

5.6

Delta

Electronics,

Inc.

(158,000)

(1,691,054)

(164,679)

(75.6)

E

Ink

Holdings,

Inc.

(175,000)

(1,241,806)

109,019

50.0

E.Sun

Financial

Holding

Co.

Ltd.

(3,174,571)

(2,692,087)

(36,241)

(16.6)

Formosa

Plastics

Corp.

(482,000)

(1,025,346)

15,485

7.1

Fubon

Financial

Holding

Co.

Ltd.

(720,050)

(1,558,646)

21,287

9.8

Hotai

Motor

Co.

Ltd.

(64,500)

(1,303,601)

7,061

3.2

Mega

Financial

Holding

Co.

Ltd.

(1,831,737)

(2,303,284)

44,543

20.4

Taiwan

Cooperative

Financial

Holding

Co.

Ltd.

(1,284,533)

(1,042,659)

13,741

6.3

Unimicron

Technology

Corp.

(198,000)

(1,177,147)

(4,890)

(2.2)

248

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

INVESTMENTS

SHARES

VALUE

($)

SHORT-TERM

INVESTMENTS

-

65.1%

INVESTMENT

COMPANIES

-

29.9%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

5.16%

(1)(a)(b)

106,974

106,974

Limited

Purpose

Cash

Investment

Fund,

5.33%

(1)(a)

9,283,987

9,280,272

TOTAL

INVESTMENT

COMPANIES

(Cost

$9,384,913)

9,387,246

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

35.2%

U.S.

Treasury

Bills

5.48%,

4/18/2024

(c)

$

1,693,000

1,688,792

5.38%,

5/30/2024

(c)

1,649,000

1,634,778

5.33%,

6/13/2024

(c)

192,000

189,969

5.27%,

6/20/2024

(c)

514,000

508,042

5.21%,

6/27/2024

(c)

969,000

956,782

5.18%,

7/5/2024

(c)

981,000

967,571

5.16%,

7/11/2024

(c)

2,583,000

2,545,715

5.11%,

7/18/2024

(c)

665,000

654,700

5.15%,

7/25/2024

(c)

369,000

362,930

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

35.2%

(continued)

5.11%,

8/1/2024

(c)

$

1,074,000

1,055,187

5.24%,

8/22/2024

(c)

527,000

516,258

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$11,083,610)

11,080,724

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$20,468,523)

20,467,970

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

65.1%

(Cost

$20,468,523)

20,467,970

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

34.9%

‡

10,980,735

NET

ASSETS

-

100.0%

31,448,705

SECURITY

TYPE

VALUE

%

OF

NET

ASSETS

Investment

Companies

$

9,387,246

29.9

%

U.S.

Treasury

Obligations

11,080,724

35.2

Total

Investments

In

Securities

At

Value

20,467,970

65.1

Other

Assets

in

Excess

of

Liabilities

‡

10,980,735

34.9

Net

Assets

$

31,448,705

100.0%

‡

Includes

appreciation/(depreciation)

on

forward

foreign

currency

exchange

and

swap

contracts.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2024.

(b)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts.

(c)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

All

securities

are

Level

2

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(1)

Level

1

security.

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

109,000

USD

71,131

CITI

6/20/2024

$

58

AUD

109,000

USD

71,131

JPMC

6/20/2024

59

CAD

52,658

USD

38,836

CITI

6/20/2024

84

CAD

52,658

USD

38,835

JPMC

6/20/2024

84

Total

unrealized

appreciation

285

AUD

117,500

USD

77,030

CITI

6/20/2024

(289)

AUD

117,500

USD

77,030

JPMC

6/20/2024

(289)

CAD

264,842

USD

196,537

CITI

6/20/2024

(791)

CAD

264,842

USD

196,536

JPMC

6/20/2024

(789)

CHF

162,000

USD

185,648

CITI

6/20/2024

(4,417)

CHF

162,000

USD

185,647

JPMC

6/20/2024

(4,416)

DKK

507,500

USD

74,355

CITI

6/20/2024

(652)

DKK

507,500

USD

74,355

JPMC

6/20/2024

(652)

EUR

642,000

USD

699,789

CITI

6/20/2024

(4,920)

EUR

642,000

USD

699,786

JPMC

6/20/2024

(4,917)

GBP

235,500

USD

299,174

CITI

6/20/2024

(1,812)

GBP

235,500

USD

299,172

JPMC

6/20/2024

(1,811)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

249

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

HKD

283,000

USD

36,272

CITI

6/20/2024

$

(32)

HKD

283,000

USD

36,272

JPMC

6/20/2024

(31)

ILS

51,500

USD

14,356

CITI

6/20/2024

(301)

ILS

51,500

USD

14,355

JPMC

6/20/2024

(301)

JPY

74,827,500

USD

505,140

CITI

6/20/2024

(4,732)

JPY

74,827,500

USD

505,138

JPMC

6/20/2024

(4,729)

NOK

129,000

USD

12,267

CITI

6/20/2024

(362)

NOK

129,000

USD

12,267

JPMC

6/20/2024

(362)

NZD

5,000

USD

3,058

CITI

6/20/2024

(71)

NZD

5,000

USD

3,058

JPMC

6/20/2024

(71)

SEK

605,000

USD

58,722

CITI

6/20/2024

(2,014)

SEK

605,000

USD

58,722

JPMC

6/20/2024

(2,013)

SGD

49,500

USD

37,030

CITI

6/20/2024

(237)

SGD

49,500

USD

37,030

JPMC

6/20/2024

(237)

Total

unrealized

depreciation

(41,248)

Net

unrealized

depreciation

$

(40,963)

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2024:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SORA

plus

or

minus

a

specified

spread

(-0.30%

to

0.23%),

which

is

denominated

in

SGD

based

on

the

local

currencies

of

the

positions

within

the

swap.

24

months

maturity

ranging

from

01/27/2025

-

03/11/2026

$275,599

$2,607

$848

$3,455

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

TONAR

plus

or

minus

a

specified

spread

(-0.08%

to

0.01%),

which

is

denominated

in

JPY

based

on

the

local

currencies

of

the

positions

within

the

swap.

34-61

months

maturity

ranging

from

12/18/2026

-

03/14/2029

$18,532,863

$258,722

$63,686

$322,408

250

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Japan

ANA

Holdings,

Inc.

8,400

175,554

2,205

0.7

Fujitsu

Ltd.

8,000

128,032

(439)

(0.1)

Hitachi

Construction

Machinery

Co.

Ltd.

4,600

138,789

10,373

3.2

Honda

Motor

Co.

Ltd.

33,400

413,281

32,683

10.1

Japan

Post

Bank

Co.

Ltd.

15,300

164,403

(2,565)

(0.8)

Japan

Post

Insurance

Co.

Ltd.

7,200

137,629

3,408

1.1

Kirin

Holdings

Co.

Ltd.

8,600

119,594

3,218

1.0

Komatsu

Ltd.

3,900

115,404

7,406

2.3

Mazda

Motor

Corp.

17,500

202,818

20,281

6.3

Mizuho

Financial

Group,

Inc.

20,300

401,439

(1,128)

(0.3)

NGK

Insulators

Ltd.

13,700

184,216

11,405

3.5

Nippon

Yusen

KK

5,100

140,016

(9,972)

(3.1)

Nissan

Motor

Co.

Ltd.

38,500

152,556

17,584

5.5

Niterra

Co.

Ltd.

4,600

152,719

15,977

5.0

NSK

Ltd.

22,700

129,530

9,537

3.0

Otsuka

Corp.

6,200

131,554

(1,206)

(0.4)

Panasonic

Holdings

Corp.

14,000

133,613

4,507

1.4

Persol

Holdings

Co.

Ltd.

86,100

120,431

5,085

1.6

Ryohin

Keikaku

Co.

Ltd.

11,500

188,200

12,296

3.8

Santen

Pharmaceutical

Co.

Ltd.

14,000

137,680

4,089

1.3

Sekisui

Chemical

Co.

Ltd.

10,500

153,621

5,915

1.8

Shimamura

Co.

Ltd.

3,600

205,240

3,861

1.2

Shionogi

&

Co.

Ltd.

3,200

163,526

(2,753)

(0.9)

Subaru

Corp.

7,200

163,065

17,095

5.3

Tokyo

Electron

Ltd.

1,200

312,539

18,048

5.6

Toyo

Suisan

Kaisha

Ltd.

2,300

140,635

10,518

3.3

Toyota

Boshoku

Corp.

7,300

124,397

13,749

4.3

Yamada

Holdings

Co.

Ltd.

45,800

132,678

3,096

1.0

Yokogawa

Electric

Corp.

6,100

140,479

5,004

1.6

Short

Positions

Common

Stocks

Japan

Advantest

Corp.

(4,400)

(195,461)

(3,655)

(1.1)

Asahi

Intecc

Co.

Ltd.

(10,300)

(180,454)

22,614

7.0

Chiba

Bank

Ltd.

(The)

(24,700)

(205,533)

(5,084)

(1.6)

Hamamatsu

Photonics

KK

(3,500)

(123,397)

(2,893)

(0.9)

IHI

Corp.

(8,100)

(216,527)

(28,876)

(9.0)

Keyence

Corp.

(700)

(324,983)

2,313

0.7

M3,

Inc.

(11,500)

(165,500)

(7,298)

(2.3)

MINEBEA

MITSUMI,

Inc.

(7,600)

(149,075)

1,590

0.5

Nissan

Chemical

Corp.

(6,600)

(249,982)

6,118

1.9

Nitori

Holdings

Co.

Ltd.

(2,000)

(303,104)

11,997

3.7

NTT

Data

Group

Corp.

(11,400)

(181,237)

(2,834)

(0.9)

Resonac

Holdings

Corp.

(7,300)

(170,054)

(10,436)

(3.2)

Shimano,

Inc.

(1,000)

(148,764)

(11,361)

(3.5)

SMC

Corp.

(500)

(282,080)

3,724

1.2

Sysmex

Corp.

(10,500)

(187,371)

(94)

0.0(a)

Taiyo

Yuden

Co.

Ltd.

(5,400)

(127,843)

(10,304)

(3.2)

Terumo

Corp.

(6,200)

(113,452)

3,541

1.1

Tohoku

Electric

Power

Co.,

Inc.

(19,000)

(148,924)

(15,442)

(4.8)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

251

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Japan

(continued)

Toyota

Motor

Corp.

(6,800)

(171,870)

(14,739)

(4.6)

Yaskawa

Electric

Corp.

(3,700)

(157,526)

(1,539)

(0.5)

ZOZO,

Inc.

(6,000)

(148,919)

(3,219)

(1.0)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.50%

to

0.02%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

34-61

months

maturity

ranging

from

12/18/2026

-

03/21/2029

$70,141,873

$804,308

$9,695

$814,003

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

United

States

3M

Co.

3,541

375,594

42,563

5.2

Adobe,

Inc.

797

402,166

(44,489)

(5.5)

Alphabet,

Inc.

2,223

335,517

29,477

3.6

Amazon.com,

Inc.

4,248

766,254

35,768

4.4

Apple,

Inc.

4,218

723,303

(5,357)

(0.7)

Applied

Materials,

Inc.

1,126

232,215

5,472

0.7

Baker

Hughes

Co.

8,562

286,827

18,836

2.3

Bank

of

America

Corp.

9,038

342,721

18,347

2.3

Booking

Holdings,

Inc.

103

373,672

12,889

1.6

Broadcom,

Inc.

174

230,621

5,618

0.7

Caesars

Entertainment,

Inc.

5,759

251,899

7,799

1.0

Centene

Corp.

3,300

258,984

1,485

0.2

Chipotle

Mexican

Grill,

Inc.

75

218,008

18,314

2.2

Citigroup,

Inc.

5,009

316,769

29,031

3.6

Crocs,

Inc.

1,835

263,873

30,641

3.8

Crowdstrike

Holdings,

Inc.

726

232,748

2,338

0.3

DocuSign,

Inc.

5,215

310,553

8,188

1.0

DraftKings,

Inc.

7,073

321,185

26,762

3.3

Flowserve

Corp.

5,742

262,295

9,532

1.2

General

Electric

Co.

1,621

284,534

14,540

1.8

GoDaddy,

Inc.

2,504

297,175

10,266

1.3

Humana,

Inc.

654

226,755

(183)

0.0(a)

Kimberly-Clark

Corp.

2,919

377,573

7,502

0.9

Las

Vegas

Sands

Corp.

4,369

225,877

(3,858)

(0.5)

Microsoft

Corp.

852

358,453

13,802

1.7

Molson

Coors

Beverage

Co.

4,861

326,902

6,319

0.8

NextEra

Energy,

Inc.

3,585

229,117

21,653

2.7

NVIDIA

Corp.

868

784,290

39,772

4.9

PepsiCo,

Inc.

1,637

286,491

16,828

2.1

252

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

States

(continued)

PPG

Industries,

Inc.

1,580

228,942

3,792

0.5

Terex

Corp.

3,280

211,232

19,549

2.4

Valero

Energy

Corp.

1,825

311,509

36,380

4.5

Vertiv

Holdings

Co.

2,886

235,700

42,338

5.2

Walmart,

Inc.

5,202

313,004

(2,549)

(0.3)

Wendy's

Co.

(The)

12,036

226,758

4,828

0.6

Wingstop,

Inc.

582

213,245

18,701

2.3

Short

Positions

Common

Stocks

United

States

BJ's

Wholesale

Club

Holdings,

Inc.

(2,892)

(218,780)

(3,991)

(0.5)

Celanese

Corp.

(1,748)

(300,411)

(25,224)

(3.1)

HEICO

Corp.

(1,438)

(274,658)

(11,101)

(1.4)

Hyatt

Hotels

Corp.

(1,304)

(208,144)

(7,107)

(0.9)

Lancaster

Colony

Corp.

(1,166)

(242,097)

(3,988)

(0.5)

MACOM

Technology

Solutions

Holdings,

Inc.

(2,205)

(210,886)

(6,152)

(0.8)

MGM

Resorts

International

(5,006)

(236,333)

(22,877)

(2.8)

Monster

Beverage

Corp.

(5,066)

(300,312)

(608)

(0.1)

RH

(815)

(283,832)

(54,660)

(6.7)

Silgan

Holdings,

Inc.

(4,516)

(219,297)

(16,303)

(2.0)

T-Mobile

US,

Inc.

(1,983)

(323,665)

3,054

0.4

United

Airlines

Holdings,

Inc.

(5,908)

(282,875)

(29,461)

(3.6)

Universal

Health

Services,

Inc.

(1,397)

(254,897)

(15,604)

(1.9)

Yum!

Brands,

Inc.

(1,992)

(276,191)

2,849

0.3

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

BBR

plus

or

minus

a

specified

spread

(-1.20%

to

0.30%),

which

is

denominated

in

AUD

based

on

the

local

currencies

of

the

positions

within

the

swap.

24

months

maturity

ranging

from

01/28/2025

-

03/11/2026

$2,294,213

$15,764

$22,061

$37,825

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Australia

Ampol

Ltd.

1,335

34,630

(472)

(1.2)

ANZ

Group

Holdings

Ltd.

1,719

32,947

293

0.8

Aristocrat

Leisure

Ltd.

3,762

105,340

(688)

(1.8)

Atlas

Arteria

Ltd.

7,526

26,133

(56)

(0.1)

Aurizon

Holdings

Ltd.

12,719

33,164

260

0.7

BlueScope

Steel

Ltd.

2,621

40,765

969

2.6

Brambles

Ltd.

15,235

160,335

7,942

21.0

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

253

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Australia

(continued)

Cochlear

Ltd.

634

139,436

78

0.2

Coles

Group

Ltd.

2,982

32,919

778

2.1

Harvey

Norman

Holdings

Ltd.

6,601

22,153

817

2.2

Incitec

Pivot

Ltd.

10,368

19,527

(67)

(0.2)

JB

Hi-Fi

Ltd.

2,300

96,284

2,699

7.1

Lendlease

Corp.

Ltd.

6,580

27,562

(480)

(1.3)

Northern

Star

Resources

Ltd.

2,251

21,239

1,129

3.0

Orica

Ltd.

2,242

26,667

793

2.1

Qantas

Airways

Ltd.

16,227

57,608

718

1.9

QBE

Insurance

Group

Ltd.

12,451

147,180

2,350

6.2

Qube

Holdings

Ltd.

7,031

15,622

639

1.7

SEEK

Ltd.

944

15,393

(195)

(0.5)

Sonic

Healthcare

Ltd.

1,556

29,817

453

1.2

Suncorp

Group

Ltd.

7,266

77,557

1,041

2.8

Telstra

Group

Ltd.

8,878

22,332

579

1.5

Transurban

Group

8,372

72,628

941

2.5

Westpac

Banking

Corp.

1,914

32,554

(424)

(1.1)

Worley

Ltd.

4,849

52,928

853

2.3

New

Zealand

Xero

Ltd.

892

77,452

(2,246)

(5.9)

United

States

James

Hardie

Industries

plc

2,330

93,651

849

2.2

Short

Positions

Common

Stocks

Australia

AGL

Energy

Ltd.

(16,032)

(87,186)

362

1.0

Alumina

Ltd.

(24,295)

(22,513)

(1,774)

(4.7)

APA

Group

(1,709)

(9,367)

(157)

(0.4)

BHP

Group

Ltd.

(955)

(27,613)

(305)

(0.8)

CAR

Group

Ltd.

(355)

(8,345)

166

0.4

Cleanaway

Waste

Management

Ltd.

(39,365)

(69,750)

(1,002)

(2.6)

Commonwealth

Bank

of

Australia

(474)

(37,180)

(488)

(1.3)

Domino's

Pizza

Enterprises

Ltd.

(2,494)

(70,462)

(105)

(0.3)

Endeavour

Group

Ltd.

(2,621)

(9,411)

(290)

(0.8)

IDP

Education

Ltd.

(748)

(8,731)

91

0.2

Liontown

Resources

Ltd.

(48,220)

(36,717)

48

0.1

Lynas

Rare

Earths

Ltd.

(13,142)

(48,507)

993

2.6

Macquarie

Group

Ltd.

(92)

(11,967)

(128)

(0.3)

Medibank

Pvt

Ltd.

(8,263)

(20,245)

(376)

(1.0)

Mineral

Resources

Ltd.

(1,287)

(59,380)

(924)

(2.4)

National

Australia

Bank

Ltd.

(1,196)

(27,080)

(145)

(0.4)

REA

Group

Ltd.

(215)

(25,978)

648

1.7

Reece

Ltd.

(2,471)

(45,243)

(157)

(0.4)

Santos

Ltd.

(1,638)

(8,293)

(202)

(0.5)

Treasury

Wine

Estates

Ltd.

(3,888)

(31,538)

(628)

(1.7)

Wesfarmers

Ltd.

(213)

(9,494)

(136)

(0.4)

WiseTech

Global

Ltd.

(392)

(23,976)

675

1.8

Woolworths

Group

Ltd.

(746)

(16,126)

(380)

(1.0)

254

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CORRA

plus

or

minus

a

specified

spread

(-1.14%

to

0.23%),

which

is

denominated

in

CAD

based

on

the

local

currencies

of

the

positions

within

the

swap.

13-14

months

maturity

ranging

from

08/26/2024

-

02/25/2025

$2,938,947

$2,304

$54,371

$56,675

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Canada

Air

Canada

6,563

95,013

3,198

5.6

Alamos

Gold,

Inc.

4,349

64,117

4,688

8.3

Atco

Ltd.

1,138

31,681

(25)

0.0(a)

Bank

of

Nova

Scotia

(The)

1,908

98,700

2,409

4.2

Cameco

Corp.

1,568

67,880

1,910

3.4

Canadian

Imperial

Bank

of

Commerce

912

46,235

236

0.4

Canadian

Tire

Corp.

Ltd.

278

27,727

745

1.3

Canadian

Utilities

Ltd.

682

15,533

(10)

0.0(a)

Descartes

Systems

Group,

Inc.

(The)

450

41,161

(432)

(0.8)

Empire

Co.

Ltd.

1,342

32,774

396

0.7

Finning

International,

Inc.

3,015

88,610

5,097

9.0

George

Weston

Ltd.

658

88,901

(1,647)

(2.9)

iA

Financial

Corp.,

Inc.

820

50,942

(224)

(0.4)

Kinross

Gold

Corp.

6,350

38,956

2,719

4.8

Magna

International,

Inc.

356

19,393

268

0.5

Nutrien

Ltd.

650

35,313

1,056

1.9

Nuvei

Corp.

745

23,551

2,084

3.7

Open

Text

Corp.

1,161

45,050

(557)

(1.0)

Parkland

Corp.

2,472

78,729

1,369

2.4

Pembina

Pipeline

Corp.

1,231

43,449

436

0.8

Saputo,

Inc.

982

19,320

732

1.3

Shopify,

Inc.

2,004

154,603

(2,929)

(5.2)

SNC-Lavalin

Group,

Inc.

1,736

71,001

244

0.4

Stantec,

Inc.

1,114

92,489

(2,665)

(4.7)

Sun

Life

Financial,

Inc.

1,970

107,492

625

1.1

TFI

International,

Inc.

223

35,560

(89)

(0.2)

Toromont

Industries

Ltd.

378

36,375

940

1.7

West

Fraser

Timber

Co.

Ltd.

345

29,789

(550)

(1.0)

Zambia

First

Quantum

Minerals

Ltd.

4,509

48,467

3,162

5.6

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

255

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Canada

BCE,

Inc.

(2,552)

(86,721)

(151)

(0.3)

Brookfield

Corp.

(507)

(21,215)

(138)

(0.2)

Brookfield

Infrastructure

Corp.

(804)

(28,965)

(1,401)

(2.5)

Capital

Power

Corp.

(3,403)

(95,994)

1,080

1.9

Constellation

Software,

Inc.

(6)

(16,389)

186

0.3

Dollarama,

Inc.

(460)

(35,043)

(584)

(1.0)

Element

Fleet

Management

Corp.

(1,370)

(22,140)

(111)

(0.2)

Emera,

Inc.

(522)

(18,370)

(131)

(0.2)

Gildan

Activewear,

Inc.

(518)

(19,224)

195

0.3

Hydro

One

Ltd.

(547)

(15,951)

339

0.6

Intact

Financial

Corp.

(212)

(34,438)

(193)

(0.3)

Pan

American

Silver

Corp.

(3,015)

(45,451)

(2,871)

(5.1)

RB

Global,

Inc.

(1,072)

(81,649)

(309)

(0.5)

Restaurant

Brands

International,

Inc.

(1,549)

(123,012)

(823)

(1.5)

Teck

Resources

Ltd.

(1,869)

(85,547)

(4,650)

(8.2)

Thomson

Reuters

Corp.

(464)

(72,209)

161

0.3

TMX

Group

Ltd.

(1,029)

(27,143)

(387)

(0.7)

Chile

Lundin

Mining

Corp.

(7,660)

(78,378)

(4,072)

(7.2)

United

States

Brookfield

Renewable

Corp.

(830)

(20,368)

(227)

(0.4)

BRP,

Inc.

(1,406)

(94,405)

(8,159)

(14.4)

GFL

Environmental,

Inc.

(2,138)

(73,726)

537

0.9

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.23%

to

0.23%),

which

is

denominated

in

CHF

based

on

the

local

currencies

of

the

positions

within

the

swap.

24-25

months

maturity

ranging

from

02/25/2025

-

03/25/2026

$3,364,038

$(16,340)

$(35,291)

$(51,631)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Switzerland

ABB

Ltd.

(Registered)

5,514

255,796

166

(0.3)

Adecco

Group

AG

(Registered)

3,253

128,696

2,270

(4.4)

Alcon,

Inc.

264

21,836

(49)

0.1

Baloise

Holding

AG

(Registered)

265

41,554

475

(0.9)

Clariant

AG

(Registered)

1,472

19,916

(78)

0.2

DKSH

Holding

AG

689

46,870

(1,413)

2.7

Flughafen

Zurich

AG

(Registered)

1

227

–

0.0(a)

256

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Switzerland

(continued)

Galenica

AG

289

24,116

274

(0.5)

Georg

Fischer

AG

(Registered)

1,969

146,033

190

(0.4)

Givaudan

SA

(Registered)

2

8,903

(114)

0.2

Julius

Baer

Group

Ltd.

425

24,649

248

(0.5)

Kuehne

+

Nagel

International

AG

(Registered)

253

70,389

1,883

(3.6)

Logitech

International

SA

(Registered)

1,882

168,645

(2,266)

4.4

Lonza

Group

AG

(Registered)

11

6,574

158

(0.3)

Novartis

AG

(Registered)

3,779

366,028

3,946

(7.6)

Sandoz

Group

AG

120

3,622

31

(0.1)

SGS

SA

(Registered)

160

15,533

41

(0.1)

Sonova

Holding

AG

(Registered)

59

17,086

279

(0.5)

Temenos

AG

(Registered)

363

25,966

(479)

0.9

Zurich

Insurance

Group

AG

283

152,881

625

(1.2)

United

States

Holcim

AG

672

60,881

674

(1.3)

Roche

Holding

AG

177

45,191

934

(1.8)

Swiss

Re

AG

1,338

172,114

904

(1.8)

Short

Positions

Common

Stocks

Switzerland

Avolta

AG

(2,063)

(85,898)

(8,534)

16.5

Bachem

Holding

AG

(1,128)

(108,021)

(1,769)

3.4

Barry

Callebaut

AG

(Registered)

(1)

(1,453)

(27)

0.1

Belimo

Holding

AG

(Registered)

(12)

(5,889)

109

(0.2)

BKW

AG

(161)

(24,740)

(658)

1.3

Chocoladefabriken

Lindt

&

Spruengli

AG

(15)

(179,532)

1,595

(3.1)

Cie

Financiere

Richemont

SA

(Registered)

(54)

(8,221)

(153)

0.3

EMS-Chemie

Holding

AG

(Registered)

(204)

(156,349)

182

(0.4)

Geberit

AG

(Registered)

(39)

(23,048)

(137)

0.3

Helvetia

Holding

AG

(Registered)

(166)

(22,887)

(81)

0.2

Partners

Group

Holding

AG

(56)

(79,995)

(421)

0.8

Schindler

Holding

AG

(83)

(20,893)

385

(0.7)

SIG

Group

AG

(7,268)

(161,163)

(708)

1.4

Sika

AG

(Registered)

(226)

(67,246)

(162)

0.3

Straumann

Holding

AG

(Registered)

(1,262)

(201,362)

(7,482)

14.5

Swatch

Group

AG

(The)

(656)

(153,033)

(6,900)

13.4

Swiss

Life

Holding

AG

(Registered)

(7)

(4,910)

(63)

0.1

Swisscom

AG

(Registered)

(55)

(33,663)

(853)

1.7

Tecan

Group

AG

(Registered)

(141)

(58,420)

(917)

1.8

UBS

Group

AG

(Registered)

(1,748)

(53,823)

1,127

(2.2)

VAT

Group

AG

(73)

(37,711)

1,013

(2.0)

United

States

Nestle

SA

(Registered)

(492)

(52,275)

(585)

1.1

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

257

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CIBOR

plus

or

minus

a

specified

spread

(-1.15%

to

0.23%),

which

is

denominated

in

DKK

based

on

the

local

currencies

of

the

positions

within

the

swap.

25

months

maturity

ranging

from

02/25/2025

-

01/26/2026

$1,086,008

$(1,394)

$(58)

$(1,452)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Denmark

AP

Moller

-

Maersk

A/S

18

23,469

(233)

16.0

Carlsberg

A/S

1,273

174,331

(623)

42.9

Danske

Bank

A/S

1,680

50,428

639

(44.0)

Demant

A/S

1,217

60,489

465

(32.0)

Genmab

A/S

126

37,778

145

(10.0)

ISS

A/S

5,969

108,748

2,169

(149.4)

Jyske

Bank

A/S

(Registered)

268

22,701

506

(34.8)

Pandora

A/S

440

71,019

(513)

35.3

ROCKWOOL

A/S

45

14,806

409

(28.2)

Royal

Unibrew

A/S

390

25,806

800

(55.1)

Vestas

Wind

Systems

A/S

1,196

33,361

(1,178)

81.1

Short

Positions

Common

Stocks

Denmark

Ambu

A/S

(3,036)

(49,967)

(1,159)

79.8

Coloplast

A/S

(622)

(83,981)

(116)

8.0

DSV

A/S

(1,193)

(193,928)

(1,705)

117.4

GN

Store

Nord

A/S

(67)

(1,772)

32

(2.2)

Novo

Nordisk

A/S

(159)

(20,395)

176

(12.1)

Novonesis

(Novozymes)

(375)

(22,058)

(42)

2.9

Orsted

A/S

(992)

(55,432)

(1,297)

89.3

Tryg

A/S

(1,724)

(35,539)

131

(9.0)

258

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.75%

to

0.23%),

which

is

denominated

in

EUR

based

on

the

local

currencies

of

the

positions

within

the

swap.

24-25

months

maturity

ranging

from

02/25/2025

-

03/25/2026

$14,294,177

$91,414

$351,734

$443,148

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Belgium

Ageas

SA/NV

2,972

137,680

4,777

1.1

Finland

UPM-Kymmene

OYJ

3,151

104,981

(606)

(0.1)

France

Bouygues

SA

4,171

170,281

860

0.2

Cie

de

Saint-Gobain

SA

1,775

137,764

2,702

0.6

Eiffage

SA

1,150

130,516

1,734

0.4

Orange

SA

8,434

99,184

2,352

0.5

Rexel

SA

7,039

190,143

748

0.2

Societe

Generale

SA

7,067

189,346

5,907

1.3

Sodexo

SA

1,279

109,640

108

0.0(a)

Vivendi

SE

12,044

131,254

1,759

0.4

Germany

Bayerische

Motoren

Werke

AG

1,883

217,258

1,435

0.3

Commerzbank

AG

10,911

149,963

1,821

0.4

Deutsche

Bank

AG

(Registered)

7,230

113,874

3,534

0.8

E.ON

SE

6,526

90,854

2,319

0.5

GEA

Group

AG

2,539

107,349

356

0.1

Mercedes-Benz

Group

AG

2,294

182,687

239

0.1

Muenchener

Rueckversicherungs-Gesellschaft

AG

in

Muenchen

(Registered)

604

294,837

10,337

2.3

Rheinmetall

AG

171

96,174

2,604

0.6

Italy

Assicurazioni

Generali

SpA

3,835

97,077

14

0.0(a)

Banco

BPM

SpA

23,038

153,278

1,119

0.3

Enel

SpA

22,647

149,504

1,271

0.3

Intesa

Sanpaolo

SpA

53,260

193,362

2,511

0.6

Pirelli

&

C

SpA

16,980

103,969

394

0.1

Poste

Italiane

SpA

14,664

183,655

2,434

0.5

UniCredit

SpA

4,332

164,526

5,251

1.2

Unipol

Gruppo

SpA

17,858

149,649

1,030

0.2

Netherlands

Akzo

Nobel

NV

1,438

107,444

2,663

0.6

ASML

Holding

NV

126

122,152

(1,957)

(0.4)

Koninklijke

Ahold

Delhaize

NV

3,696

110,591

2,292

0.5

NN

Group

NV

2,687

124,046

2,438

0.6

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

259

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Singapore

STMicroelectronics

NV

3,197

137,593

(8)

(0.0)(a)

Spain

Acerinox

SA

10,194

111,947

1,144

0.3

Banco

de

Sabadell

SA

193,274

304,055

4,942

1.1

Banco

Santander

SA

54,236

264,912

6,667

1.5

Industria

de

Diseno

Textil

SA

2,098

105,648

2,073

0.5

Short

Positions

Common

Stocks

France

Capgemini

SE

(522)

(120,118)

398

0.1

Hermes

International

SCA

(45)

(115,010)

1,651

0.4

Pernod

Ricard

SA

(729)

(118,014)

(2,833)

(0.6)

Sartorius

Stedim

Biotech

(751)

(214,205)

5,526

1.2

Germany

Deutsche

Post

AG

(2,311)

(99,598)

(268)

(0.1)

Merck

KGaA

(664)

(117,087)

(2,756)

(0.6)

Siemens

Healthineers

AG

(3,454)

(211,238)

(5,320)

(1.2)

Italy

Davide

Campari-Milano

NV

(11,959)

(120,188)

(2,444)

(0.6)

Ferrari

NV

(850)

(370,630)

1,681

0.4

Luxembourg

Eurofins

Scientific

SE

(2,518)

(160,398)

(8,489)

(1.9)

Netherlands

IMCD

NV

(647)

(113,879)

247

0.1

Spain

Cellnex

Telecom

SA

(4,672)

(165,271)

1,365

0.3

Switzerland

DSM-Firmenich

AG

(1,112)

(126,470)

1,776

0.4

Preferred

Stocks

Germany

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2,815)

(279,974)

(938)

(0.2)

Sartorius

AG

(Preference)

(598)

(237,472)

1,492

0.3

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SONIA

plus

or

minus

a

specified

spread

(-0.23%

to

0.23%),

which

is

denominated

in

GBP

based

on

the

local

currencies

of

the

positions

within

the

swap.

24-25

months

maturity

ranging

from

02/25/2025

-

02/25/2026

$7,091,990

$40,777

$53,086

$93,863

260

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

United

Kingdom

Associated

British

Foods

plc

5,999

189,274

5,359

5.7

Auto

Trader

Group

plc

9,248

81,668

(4,964)

(5.3)

Aviva

plc

24,963

156,635

675

0.7

BAE

Systems

plc

7,729

131,744

(926)

(1.0)

Barclays

plc

51,958

120,420

1,408

1.5

BT

Group

plc

42,672

59,056

916

1.0

Burberry

Group

plc

9,057

138,539

1,421

1.5

DCC

plc

1,247

90,727

1,329

1.4

Direct

Line

Insurance

Group

plc

25,569

62,946

3,114

3.3

easyJet

plc

11,425

82,237

4,513

4.8

Hiscox

Ltd.

5,950

93,121

1,202

1.3

Howden

Joinery

Group

plc

8,907

101,960

4,357

4.6

HSBC

Holdings

plc

19,913

155,656

(1,325)

(1.4)

Inchcape

plc

6,616

60,572

2,203

2.3

InterContinental

Hotels

Group

plc

1,557

161,791

1,079

1.1

Intermediate

Capital

Group

plc

4,032

104,435

(2,230)

(2.4)

Intertek

Group

plc

1,629

102,542

1,446

1.5

Kingfisher

plc

18,984

59,748

2,338

2.5

Man

Group

plc

29,141

98,351

2,244

2.4

Marks

&

Spencer

Group

plc

53,017

177,547

7,515

8.0

Melrose

Industries

plc

19,333

164,155

1,253

1.3

Pearson

plc

6,850

90,197

757

0.8

RELX

plc

2,063

88,968

(291)

(0.3)

Rightmove

plc

11,618

80,527

(152)

(0.2)

Rolls-Royce

Holdings

plc

52,195

280,828

3,416

3.6

Smiths

Group

plc

4,299

89,112

(634)

(0.7)

Spectris

plc

1,737

72,276

981

1.0

Standard

Chartered

plc

9,917

84,074

(465)

(0.5)

Taylor

Wimpey

plc

87,610

151,466

(2,678)

(2.9)

Vodafone

Group

plc

99,018

87,822

2,363

2.5

Weir

Group

plc

(The)

2,667

68,126

399

0.4

United

States

GSK

plc

8,241

176,938

676

0.7

Short

Positions

Common

Stocks

Australia

Glencore

plc

(39,240)

(215,332)

(5,537)

(5.9)

Rio

Tinto

plc

(2,613)

(165,207)

122

0.1

Burkina

Faso

Endeavour

Mining

plc

(5,543)

(112,480)

(9,917)

(10.6)

Chile

Antofagasta

plc

(8,246)

(211,807)

(5,943)

(6.3)

United

Kingdom

Admiral

Group

plc

(1,709)

(61,247)

(203)

(0.2)

Ashtead

Group

plc

(3,027)

(215,611)

(2,960)

(3.2)

AstraZeneca

plc

(1,079)

(144,957)

(3,405)

(3.6)

Croda

International

plc

(1,015)

(62,804)

482

0.5

Flutter

Entertainment

plc

(594)

(118,404)

11,184

11.9

Halma

plc

(2,146)

(64,080)

(1,052)

(1.1)

Persimmon

plc

(5,113)

(84,776)

(753)

(0.8)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

261

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

Kingdom

(continued)

Rentokil

Initial

plc

(19,688)

(117,055)

(1,805)

(1.9)

RS

GROUP

plc

(8,060)

(73,903)

868

0.9

Severn

Trent

plc

(5,874)

(183,288)

5,766

6.1

Spirax-Sarco

Engineering

plc

(1,144)

(145,146)

976

1.0

United

Utilities

Group

plc

(7,642)

(99,297)

2,172

2.3

Wise

plc

(13,009)

(152,067)

1,486

1.6

United

States

Experian

plc

(1,373)

(59,826)

862

0.9

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

HIBOR

plus

or

minus

a

specified

spread

(-3.80%

to

0.23%),

which

is

denominated

in

HKD

based

on

the

local

currencies

of

the

positions

within

the

swap.

24

months

maturity

ranging

from

01/27/2025

-

03/11/2026

$834,909

$(4,289)

$(12,176)

$(16,465)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

China

BOC

Hong

Kong

Holdings

Ltd.

49,000

131,383

227

(1.4)

Hong

Kong

AIA

Group

Ltd.

7,400

49,777

(2,034)

12.4

ASMPT

Ltd.

700

8,806

(129)

0.8

CK

Asset

Holdings

Ltd.

12,000

49,448

(457)

2.8

Hang

Lung

Properties

Ltd.

14,000

14,397

(199)

1.2

Hang

Seng

Bank

Ltd.

700

7,673

(45)

0.3

Hong

Kong

Exchanges

&

Clearing

Ltd.

100

2,914

(45)

0.3

MTR

Corp.

Ltd.

2,500

8,260

83

(0.5)

New

World

Development

Co.

Ltd.

41,000

43,349

(1,544)

9.4

Power

Assets

Holdings

Ltd.

3,500

20,505

(445)

2.7

Sino

Land

Co.

Ltd.

12,000

12,475

11

(0.1)

Sun

Hung

Kai

Properties

Ltd.

2,000

19,319

282

(1.7)

Swire

Pacific

Ltd.

7,000

57,627

925

(5.6)

Swire

Properties

Ltd.

11,400

23,979

413

(2.5)

WH

Group

Ltd.

62,500

41,255

370

(2.2)

Macau

Sands

China

Ltd.

6,000

16,927

24

(0.1)

262

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

China

Budweiser

Brewing

Co.

APAC

Ltd.

(9,200)

(13,569)

89

(0.5)

ESR

Group

Ltd.

(50,000)

(53,569)

(5,082)

30.9

SITC

International

Holdings

Co.

Ltd.

(19,000)

(34,737)

(2,014)

12.2

Wharf

Holdings

Ltd.

(The)

(1,000)

(3,287)

(49)

0.3

Xinyi

Glass

Holdings

Ltd.

(22,004)

(23,351)

(101)

0.6

Hong

Kong

CLP

Holdings

Ltd.

(1,500)

(11,964)

100

(0.6)

Hong

Kong

&

China

Gas

Co.

Ltd.

(87,000)

(65,943)

4,196

(25.5)

Techtronic

Industries

Co.

Ltd.

(2,500)

(33,970)

(527)

3.2

Wharf

Real

Estate

Investment

Co.

Ltd.

(25,000)

(81,398)

1,649

(10.0)

Macau

Galaxy

Entertainment

Group

Ltd.

(1,000)

(5,027)

13

(0.1)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

NIBOR

plus

or

minus

a

specified

spread

(-0.23%

to

0.23%),

which

is

denominated

in

NOK

based

on

the

local

currencies

of

the

positions

within

the

swap.

25

months

maturity

ranging

from

02/25/2025

-

02/25/2026

$518,442

$(852)

$(1,015)

$(1,867)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Brazil

Yara

International

ASA

158

5,010

97

(5.2)

France

Adevinta

ASA

1,903

19,948

18

(0.9)

Norway

DNB

Bank

ASA

2,566

51,006

497

(26.6)

Gjensidige

Forsikring

ASA

312

4,529

(38)

2.0

Kongsberg

Gruppen

ASA

129

8,907

73

(3.9)

Mowi

ASA

1,588

29,170

105

(5.6)

Norsk

Hydro

ASA

17,347

95,328

(702)

37.6

Orkla

ASA

5,327

37,623

145

(7.8)

Telenor

ASA

4,487

49,906

579

(31.0)

United

Kingdom

Subsea

7

SA

3,153

50,433

596

(31.9)

Schedule

of

Investments

March

31,

2024

(Unaudited)

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2024

263

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Norway

Salmar

ASA

(1,702)

(112,329)

(1,460)

78.2

TOMRA

Systems

ASA

(3,466)

(54,253)

(762)

40.8

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

STIBOR

plus

or

minus

a

specified

spread

(-0.50%

to

0.23%),

which

is

denominated

in

SEK

based

on

the

local

currencies

of

the

positions

within

the

swap.

25

months

maturity

ranging

from

02/25/2025

-

02/25/2026

$2,382,043

$18,566

$64,646

$83,212

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Guatemala

Millicom

International

Cellular

SA

2,552

52,038

2,066

2.5

Sweden

AAK

AB

487

11,573

353

0.4

Alfa

Laval

AB

1,271

49,943

(1,175)

(1.4)

Billerud

Aktiebolag

6,178

55,439

1,139

1.4

Boliden

AB

2,465

68,447

(29)

0.0(a)

Electrolux

AB

10,444

93,255

3,158

3.8

Elekta

AB

7,569

57,051

1

0.0(a)

Embracer

Group

AB

11,748

25,593

4,744

5.7

Essity

AB

1,698

40,335

645

0.8

Evolution

AB

684

84,956

2,714

3.3

Getinge

AB

1,110

22,325

289

0.3

H

&

M

Hennes

&

Mauritz

AB

8,064

131,492

17,117

20.6

Husqvarna

AB

2,488

21,290

594

0.7

Saab

AB

727

64,669

391

0.5

Sandvik

AB

586

13,010

(179)

(0.2)

SKF

AB

2,108

43,034

(1,729)

(2.1)

SSAB

AB

8,662

63,957

(1,979)

(2.4)

Tele2

AB

2,839

23,312

100

0.1

Telia

Co.

AB

33,798

86,623

1,496

1.8

Trelleborg

AB

4,261

152,365

(4,557)

(5.5)

Volvo

AB

2,205

59,759

(5,100)

(6.1)

Volvo

Car

AB

21,196

80,248

2,565

3.1

264

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

Schedule

of

Investments

March

31,

2024

(Unaudited)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Sweden

AddTech

AB

(1,105)

(25,139)

752

0.9

Assa

Abloy

AB

(137)

(3,932)

56

0.1

Atlas

Copco

AB

(2,106)

(35,567)

1,028

1.2

Axfood

AB

(915)

(26,602)

(710)

(0.9)

Beijer

Ref

AB

(6,367)

(94,537)

(8,882)

(10.7)

Epiroc

AB

(8,617)

(161,763)

2,221

2.7

EQT

AB

(2,390)

(75,666)

2,370

2.8

Hexagon

AB

(9,764)

(115,420)

(439)

(0.5)

Hexpol

AB

(942)

(11,503)

–

0.0(a)

Holmen

AB

(1,212)

(49,304)

1,366

1.6

Indutrade

AB

(1,861)

(50,688)

(94)

(0.1)

Lifco

AB

(3,363)

(87,822)

3,039

3.7

Nibe

Industrier

AB

(13,850)

(68,106)

(3,475)

(4.2)

Securitas

AB

(8,758)

(90,287)

(735)

(0.9)

Skanska

AB

(1,204)

(21,441)

374

0.4

Svenska

Cellulosa

AB

SCA

(1,058)

(16,266)

(436)

(0.5)

Svenska

Handelsbanken

AB

(752)

(7,603)

59

0.1

Swedish

Orphan

Biovitrum

AB

(3,076)

(76,785)

287

0.3

Telefonaktiebolaget

LM

Ericsson

(11,695)

(62,898)

(839)

(1.0)

(a)

Represents

less

than

0.05%

of

swap

value.

265

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

March

31,

2024

(Unaudited)

Abbreviations

ADR

-

American

Depositary

Receipt

CHESS

-

Clearing

House

Electronic

Subregister

System Depository

Interest

CVA

-

Dutch

Certification

CVR

-

Contingent

Value

Rights

OYJ

-

Public

Traded

Company

Preference

-

A

special

type

of

equity

investment

that

shares

in

the

earnings

of

the

company,

has

limited

voting

rights,

and

may

have

a

dividend

preference. Preference

shares

may

also

have

liquidation

preference.

REIT

-

Real

Estate

Investment

Trust

SCA

-

Limited

partnership

with

share

capital

SDR

-

Swedish

Depositary

Receipt

Currencies

AUD

-

Australian

dollar

BRL

-

Brazilian

real

CAD

-

Canadian

dollar

CHF

-

Swiss

franc

CLP

-

Chilean

peso

CNY

-

Chinese

renminbi

COP

-

Colombian

peso

CZK

-

Czech

Republic

koruna

DKK

-

Danish

krone

EUR

-

Euro

GBP

-

British

pound

HKD

-

Hong

Kong

dollar

HUF

-

Hungarian

forint

IDR

-

Indonesian

rupiah

ILS

-

Israeli

shekel

INR

-

Indian

rupee

JPY

-

Japanese

yen

KRW

-

Korean

won

MXN

-

Mexican

peso

MYR

-

Malaysian

ringgit

NOK

-

Norwegian

krone

NZD

-

New

Zealand

dollar

PEN

-

Peruvian

Nuevo

sol

PHP

-

Philippine

peso

PLN

-

Poland

zloty

SEK

-

Swedish

krona

SGD

-

Singapore

dollar

THB

-

Thai

baht

TWD

-

New

Taiwan

dollar

USD

-

United

States

dollar

ZAR

-

South

African

rand

The

following

abbreviations

are

used

for

counterparty

descriptions:

BANA

-

Bank

of

America,

NA

BNPP

-

BNP

Paribas

SA

CITI

-

Citibank

NA

GSIN

-

Goldman

Sachs

International

JPMC

-

J.P.

Morgan

Chase

Bank,

NA

MLIN

-

Merrill

Lynch

International

MSCS

-

Morgan

Stanley

Capital

Services

LLC

MSIP

-

Morgan

Stanley

&

Co.

International

plc

266

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2024

See

notes

to

Schedule

of

Investments.

March

31,

2024

(Unaudited)

The

following

reference

rates,

and

their

values

as

of

period

end,

are

used

for

security

descriptions:

1

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

4.02%

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.30%

Australian

Overnight

Indexed

Swap

Rate

(“AOISR”):

4.32%

Bank

of

Japan

Estimate

Unsecured

Overnight

Call

Rate

(“MUTSC”):

0.08%

Brazilian

Interbank

Certificate

of

Deposit

(“CDI”):

10.65%

Canadian

Dollar

Offered

Rate

(“CDOR”):

5.29%

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

5.05%

Copenhagen

Interbank

Offered

Rate(“CIBOR”):

3.85%

Denmark

Tomorrow/Next

:

3.71%

Euro

Short-Term

Rate

(“ESTR”):

3.90%

Federal

Funds

Floating

Rate:

5.33%

Hong

Kong

Interbank

Offered

Rate

(“HIBOR”):

4.80%

Hong

Kong

Overnight

Index

Average

(“HONIX”):

4.97%

Johannesburg

Interbank

Agreed

Rate

(“JIBAR”):

8.24%

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIE”):

11.25%

Norway

Interbank

Offered

Rate

(“NIBOR”):

4.61%

Norwegian

Overnight

Weighted

Average

(“NOWA”):

4.50%

Overnight

Bank

Funding

Rate

(“OBFR”):

5.33%

Rand

Overnight

Deposit

Rate:

8.06%

Reserve

Bank

of

Australia

Cash

Rate

(“RBACR”):

4.32%

Singapore

Overnight

Rate

Average

(“SORA”):

3.69%

Sterling

Overnight

Index

Average

(“SONIA”):

5.19%

Swiss

Average

Rate

Overnight

(“SARON”):

1.46%

Tel

Aviv

Interbank

Offer

Rate

(“TELBOR”):

4.43%

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.08%

Warsaw

Interbank

Offered

Rate(“WIBOR”):

5.75%

267

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2024

March

31,

2024

(Unaudited)

The

Consolidated

Schedules

of

Investments

of the

AQR

Alternative

Risk

Premia

Fund,

AQR

Macro

Opportunities

Fund,

AQR

Managed

Futures

Strategy

Fund,

AQR

Managed

Futures

Strategy

HV

Fund,

AQR

Multi-Asset

Fund,

AQR

Risk-Balanced

Commodities

Strategy

Fund

and

AQR

Style

Premia

Alternative

Fund

(collectively,

the

“Consolidated

Funds”)

include

the

accounts

of

AQR

Alternative

Risk

Premia

Offshore

Fund

Ltd.,

AQR

Macro

Opportunities

Offshore

Fund

Ltd.,

AQR

Managed

Futures

Strategy

Offshore

Fund

Ltd.,

AQR

Managed

Futures

Strategy

HV

Offshore

Fund

Ltd.,

AQR

Multi-Asset

Offshore

Fund

Ltd.,

AQR

Risk-Balanced

Commodities

Strategy

Offshore

Fund

Ltd.

and

 AQR

Style

Premia

Alternative

Offshore

Fund

Ltd.,

respectively,

which

are

wholly-owned

and

controlled

subsidiaries

(collectively,

the

“Subsidiaries”).

Subsequent

references

to

the

Funds

collectively

refer

to

the

Consolidated

Funds

and

their

Subsidiaries.

Fair

Value

Hierarchy:

Various

inputs

are

utilized

in

determining

the

value

of

each

Fund’s

investments.

GAAP

establishes

a

hierarchy

for

inputs

used

in

measuring

fair

value

that

maximizes

the

use

of

observable

inputs

and

minimizes

the

use

of

unobservable

inputs

by

requiring

the

most

observable

inputs

be

used

when

available.

These

inputs

are

summarized

into

three

broad

levels

as

follows:

Level

1

—

Inputs

using

unadjusted

quoted

prices

in

active

markets

or

exchanges

for

identical

assets

and

liabilities.

Level

2

—

Other

significant

observable

inputs,

which

may

include,

but

are

not

limited

to,

quoted

prices

for

similar

assets

or

liabilities

in

markets

that

are

active,

quoted

prices

for

identical

or

similar

assets

or

liabilities

in

markets

that

are

not

active,

inputs

other

than

quoted

prices

that

are

observable

for

the

assets

or

liabilities

(such

as

interest

rates,

yield

curves,

volatilities,

prepayment

speeds,

credit

risks

and

default

rates)

or

other

market

corroborated

inputs.

Level

3

—

Significant

unobservable

inputs

based

on

the

best

information

available

in

the

circumstances,

to

the

extent

observable

inputs

are

not

available,

which

may

include

assumptions

made

by

the

Board

or

persons

acting

at

their

direction

that

are

used

in

determining

the

fair

value

of

investments.

An

investment

asset’s

or

liability’s

level

within

the

fair

value

hierarchy

is

based

on

the

lowest

level

input,

individually

or

in

aggregate,

that

is

significant

to

fair

value

measurement.

The

objective

of

fair

value

measurement

remains

the

same

even

when

there

is

a

significant

decrease

in

the

volume

and

level

of

activity

for

an

asset

or

liability

and

regardless

of

the

valuation

technique

used.

The

valuation

techniques

used

by

the

Funds

to

measure

fair

value

maximize

the

use

of

observable

inputs

and

minimize

the

use

of

unobservable

inputs.

The

inputs

or

methodology

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risk

associated

with

investing

in

those

securities. Changes

in

valuation

techniques

may

result

in

transfers

into

or

out

of

an

assigned

level

within

the

hierarchy.

Investments

classified as

Level

3

have

significant

unobservable

inputs,

as

they

trade

infrequently

or

not

at

all.

Level

3

instruments

include

illiquid

securities.

When

observable

prices

are

not

available

for

these

securities,

the

Funds

may

use

one

or

more

valuation

approaches

(e.g.,

the

market

approach,

the

income

approach,

or

the

cost

approach),

including

proprietary

models

for

which

sufficient

and

reliable

data

is

available.

Within

Level

3,

the

market

approach

is

generally

based

on

the

technique

of

using

comparable

market

transactions,

while

the

use

of

the

income

approach

includes

the

estimation

of

future

cash

flows

discounted

to

calculate

fair

value.

Discounts

may

also

be

applied

due

to

the

nature

or

durations

of

any

restrictions

on

the

disposition

of

the

investment

or

adjusted

as

appropriate

for

credit,

market,

and/or

other

risk

factors.

Level

3

investments

may

also

be

adjusted

to

reflect

illiquidity

and/or

non-transferability,

with

the

amount

of

such

discount

estimated

by

the

Adviser

in

the

absence

of

market

information.

Assumptions

used

by

the

Funds

due

to

the

lack

of

observable

inputs

may

significantly

impact

the

fair

value

of

the

investment.

268

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2024

March

31,

2024

(Unaudited)

The

following

tables

represent

each

Fund’s

valuation

inputs

as

presented

on

the

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

................................

$

231,174,880

$

159,711,944

$

–

$

390,886,824

Preferred

Stocks

†

................................

–

141,623

–

141,623

Warrants

†

......................................

–

–

–

(a)

–

(a)

Short-Term

Investments

...........................

120,805,657

24,690,241

–

145,495,898

Interest

Rate

Swap

Contracts*

......................

–

2,712,972

–

2,712,972

Total

Return

Swap

Contracts*

.......................

–

263,481

–

263,481

Futures

Contracts*

...............................

6,575,227

–

–

6,575,227

Forward

Foreign

Currency

Exchange

Contracts*

........

–

4,479,452

–

4,479,452

Total

Assets

$

358,555,764

$

191,999,713

$

–

(a)

$

550,555,477

LIABILITIES

Common

Stocks

(Sold

Short)

†

......................

$

(211,581,788)

$

(140,702,400)

$

–

$

(352,284,188)

Preferred

Stocks

(Sold

Short)

†

......................

–

(2,562,510)

–

(2,562,510)

Warrants

(Sold

Short)

†

............................

(10,205)

–

–

(10,205)

Interest

Rate

Swap

Contracts*

......................

–

(1,380,134)

–

(1,380,134)

Total

Return

Swap

Contracts*

.......................

–

(315,235)

–

(315,235)

Futures

Contracts*

...............................

(5,358,763)

–

–

(5,358,763)

Forward

Foreign

Currency

Exchange

Contracts*

........

–

(2,906,652)

–

(2,906,652)

Total

Liabilities

$

(216,950,756)

$

(147,866,931)

$

–

$

(364,817,687)

AQR

DIVERSIFIED

ARBITRAGE

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

................................

$

308,216,421

$

9,009,308

$

678,657

$

317,904,386

Closed-End

Funds

...............................

149,820,265

–

–

149,820,265

Corporate

Bonds

................................

–

361

125,629

125,990

Convertible

Bonds

...............................

–

758,290,105

–

758,290,105

Rights

........................................

156,345

47,342

51,855

255,542

Warrants

......................................

705,050

67,422

50,423

822,895

Securities

in

Litigation

............................

–

–

–

(a)

–

(a)

Units

.........................................

438,920

–

–

438,920

Short-Term

Investments

...........................

548,393,901

305,610,157

–

854,004,058

Total

Return

Swap

Contracts*

.......................

–

–

(a)

–

–

(a)

Futures

Contracts*

...............................

267,445

–

–

267,445

Forward

Foreign

Currency

Exchange

Contracts*

........

–

509,482

–

509,482

Total

Return

Basket

Swap

Contracts*

.................

–

629,570

–

629,570

Total

Assets

$

1,007,998,347

$

1,074,163,747

$

906,564

$

2,083,068,658

LIABILITIES

Common

Stocks

(Sold

Short)

......................

$

(448,574,485)

$

–

$

–

(a)

$

(448,574,485)

Exchange

Traded

Funds

(Sold

Short)

................

(432,657)

–

–

(432,657)

Corporate

Bonds

(Sold

Short)

......................

–

(2,645,679)

–

(2,645,679)

Convertible

Bonds

(Sold

Short)

.....................

–

(24,504,212)

–

(24,504,212)

Credit

Default

Swap

Contracts*

.....................

–

(6,585,141)

–

(6,585,141)

Futures

Contracts*

...............................

(395,857)

–

–

(395,857)

Forward

Foreign

Currency

Exchange

Contracts*

........

–

(480,938)

–

(480,938)

Total

Return

Basket

Swap

Contracts*

.................

–

(20,256,095)

–

(20,256,095)

Total

Liabilities

$

(449,402,999)

$

(54,472,065)

$

–

(a)

$

(503,875,064)

AQR

DIVERSIFYING

STRATEGIES

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Investment

Companies

...........................

$

715,011,218

$

–

$

–

$

715,011,218

Short-Term

Investments

...........................

13,391,344

–

–

13,391,344

Total

Assets

$

728,402,562

$

–

$

–

$

728,402,562

269

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2024

March

31,

2024

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

................................

$

9,678,196

$

15,946,547

$

–

$

25,624,743

Short-Term

Investments

...........................

233,992,841

187,776,411

–

421,769,252

Forward

Foreign

Currency

Exchange

Contracts*

........

–

60,869

–

60,869

Total

Return

Basket

Swap

Contracts*

.................

–

6,124,376

–

6,124,376

Total

Assets

$

243,671,037

$

209,908,203

$

–

$

453,579,240

LIABILITIES

Common

Stocks

(Sold

Short)

†

......................

$

(10,964,592)

$

(8,323,366)

$

–

$

(19,287,958)

Forward

Foreign

Currency

Exchange

Contracts*

........

–

(30)

–

(30)

Total

Return

Basket

Swap

Contracts*

.................

–

(349,350)

–

(349,350)

Total

Liabilities

$

(10,964,592)

$

(8,672,746)

$

–

$

(19,637,338)

AQR

LONG-SHORT

EQUITY

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

................................

$

26,792,821

$

–

$

–

$

26,792,821

Short-Term

Investments

...........................

432,714,053

810,198,254

–

1,242,912,307

Total

Return

Swap

Contracts*

.......................

–

1,733,722

–

1,733,722

Futures

Contracts*

...............................

6,393,816

–

–

6,393,816

Forward

Foreign

Currency

Exchange

Contracts*

........

–

31,669

–

31,669

Total

Return

Basket

Swap

Contracts*

.................

–

55,891,586

–

55,891,586

Total

Assets

$

465,900,690

$

867,855,231

$

–

$

1,333,755,921

LIABILITIES

Common

Stocks

(Sold

Short)

†

......................

$

(32,494,211)

$

–

$

–

$

(32,494,211)

Total

Return

Swap

Contracts*

.......................

–

(74,386)

–

(74,386)

Futures

Contracts*

...............................

(879)

–

–

(879)

Forward

Foreign

Currency

Exchange

Contracts*

........

–

(1,781,136)

–

(1,781,136)

Total

Return

Basket

Swap

Contracts*

.................

–

(1,208,438)

–

(1,208,438)

Total

Liabilities

$

(32,495,090)

$

(3,063,960)

$

–

$

(35,559,050)

AQR

MACRO

OPPORTUNITIES

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

................................

$

4,652,117

$

7,940,870

$

–

$

12,592,987

Short-Term

Investments

...........................

53,756,059

33,610,607

–

87,366,666

Credit

Default

Swap

Contracts*

.....................

–

1,176,608

–

1,176,608

Interest

Rate

Swap

Contracts*

......................

–

9,121,622

–

9,121,622

Total

Return

Swap

Contracts*

.......................

–

423,184

–

423,184

Futures

Contracts*

...............................

5,702,241

–

–

5,702,241

Forward

Foreign

Currency

Exchange

Contracts*

........

–

5,209,375

–

5,209,375

Total

Assets

$

64,110,417

$

57,482,266

$

–

$

121,592,683

LIABILITIES

Credit

Default

Swap

Contracts*

.....................

$

–

$

(93,053)

$

–

$

(93,053)

Interest

Rate

Swap

Contracts*

......................

–

(5,078,440)

–

(5,078,440)

Total

Return

Swap

Contracts*

.......................

–

(275,770)

–

(275,770)

Futures

Contracts*

...............................

(5,173,121)

–

–

(5,173,121)

Forward

Foreign

Currency

Exchange

Contracts*

........

–

(4,277,303)

–

(4,277,303)

Total

Liabilities

$

(5,173,121)

$

(9,724,566)

$

–

$

(14,897,687)

AQR

MANAGED

FUTURES

STRATEGY

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Short-Term

Investments

...........................

$

275,943,923

$

1,081,879,867

$

–

$

1,357,823,790

Credit

Default

Swap

Contracts*

.....................

–

3,606,637

–

3,606,637

Interest

Rate

Swap

Contracts*

......................

–

13,359,808

–

13,359,808

Total

Return

Swap

Contracts*

.......................

–

1,467,077

–

1,467,077

Futures

Contracts*

...............................

53,149,395

–

–

53,149,395

Forward

Foreign

Currency

Exchange

Contracts*

........

–

25,809,469

–

25,809,469

Total

Return

Basket

Swap

Contracts*

.................

–

11,525,062

–

11,525,062

Total

Assets

$

329,093,318

$

1,137,647,920

$

–

$

1,466,741,238

270

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2024

March

31,

2024

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

LIABILITIES

Credit

Default

Swap

Contracts*

.....................

$

–

$

(332,454)

$

–

$

(332,454)

Interest

Rate

Swap

Contracts*

......................

–

(11,461,065)

–

(11,461,065)

Total

Return

Swap

Contracts*

.......................

–

(396,239)

–

(396,239)

Futures

Contracts*

...............................

(34,788,937)

–

–

(34,788,937)

Forward

Foreign

Currency

Exchange

Contracts*

........

–

(20,886,551)

–

(20,886,551)

Total

Return

Basket

Swap

Contracts*

.................

–

(1,483,357)

–

(1,483,357)

Total

Liabilities

$

(34,788,937)

$

(34,559,666)

$

–

$

(69,348,603)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Short-Term

Investments

...........................

$

49,259,659

$

124,272,348

$

–

$

173,532,007

Credit

Default

Swap

Contracts*

.....................

–

721,958

–

721,958

Interest

Rate

Swap

Contracts*

......................

–

2,542,231

–

2,542,231

Total

Return

Swap

Contracts*

.......................

–

292,782

–

292,782

Futures

Contracts*

...............................

9,819,511

–

–

9,819,511

Forward

Foreign

Currency

Exchange

Contracts*

........

–

5,017,120

–

5,017,120

Total

Return

Basket

Swap

Contracts*

.................

–

2,754,391

–

2,754,391

Total

Assets

$

59,079,170

$

135,600,830

$

–

$

194,680,000

LIABILITIES

Credit

Default

Swap

Contracts*

.....................

$

–

$

(63,735)

$

–

$

(63,735)

Interest

Rate

Swap

Contracts*

......................

–

(2,202,587)

–

(2,202,587)

Total

Return

Swap

Contracts*

.......................

–

(89,467)

–

(89,467)

Futures

Contracts*

...............................

(6,043,207)

–

–

(6,043,207)

Forward

Foreign

Currency

Exchange

Contracts*

........

–

(3,943,718)

–

(3,943,718)

Total

Return

Basket

Swap

Contracts*

.................

–

(43,406)

–

(43,406)

Total

Liabilities

$

(6,043,207)

$

(6,342,913)

$

–

$

(12,386,120)

AQR

MULTI-ASSET

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

................................

$

134,603,554

$

45,577,057

$

–

(a)

$

180,180,611

Preferred

Stocks

†

................................

–

354,637

–

354,637

Foreign

Government

Securities

.....................

–

29,291,886

–

29,291,886

U.S.

Treasury

Obligations

.........................

–

32,182,199

–

32,182,199

Short-Term

Investments

...........................

69,606,485

50,972,313

–

120,578,798

Total

Return

Swap

Contracts*

.......................

–

119,172

–

119,172

Futures

Contracts*

...............................

8,470,198

–

–

8,470,198

Forward

Foreign

Currency

Exchange

Contracts*

........

–

4,151,156

–

4,151,156

Total

Assets

$

212,680,237

$

162,648,420

$

–

(a)

$

375,328,657

LIABILITIES

Common

Stocks

(Sold

Short)

†

......................

$

(34,237,533)

$

(7,785,027)

$

–

(a)

$

(42,022,560)

Preferred

Stocks

(Sold

Short)

†

......................

–

(611,196)

–

(611,196)

Warrants

(Sold

Short)

†

............................

–

–

–

(a)

–

(a)

Total

Return

Swap

Contracts*

.......................

–

(393,590)

–

(393,590)

Futures

Contracts*

...............................

(3,652,946)

–

–

(3,652,946)

Forward

Foreign

Currency

Exchange

Contracts*

........

–

(2,419,834)

–

(2,419,834)

Total

Liabilities

$

(37,890,479)

$

(11,209,647)

$

–

(a)

$

(49,100,126)

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Short-Term

Investments

...........................

$

191,408,421

$

170,689,320

$

–

$

362,097,741

Futures

Contracts*

...............................

28,458,429

–

–

28,458,429

Total

Assets

$

219,866,850

$

170,689,320

$

–

$

390,556,170

LIABILITIES

Futures

Contracts*

...............................

$

(17,527,395)

$

–

$

–

$

(17,527,395)

Total

Liabilities

$

(17,527,395)

$

–

$

–

$

(17,527,395)

271

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2024

March

31,

2024

(Unaudited)

Transfers

to

Level

3

or

from

Level

3

are

generally

due

to

a

decline

or

an

increase

in

market

activity

(e.g.,

frequency

of

trades),

which

resulted

in

a

lack

of

or

increase

in

available

market

inputs

to

determine

price.

The

fair

values

of

Level

3

investments

are

based

on

significant

unobservable

inputs

that

reflect

the

Adviser’s

determination

of

assumptions

that

market

participants

might

reasonably

use

in

valuing

the

securities.

Changes

in

significant

unobservable

inputs

could

cause

significant

changes

in

valuation

to

individual

securities

and

in

aggregate.

Fair

value

determinations

and

valuation

of

investments

that

are

not

actively

trading

involve

judgment

and

may

differ

materially

from

valuations

that

would

have

been

used

had

greater

market

activity

occurred.

For

more

information

on

the

Funds’

policy

regarding

the

valuation

of

investments

and

other

significant

accounting

policies,

please

refer

to

the

notes

to

the

financial

statements

as

disclosed

in

the

most

recent

semi-annual

and

annual

reports. 

Subsequent

Events 

The

Funds

have

evaluated

subsequent

events

through

the

date

of

issuance

of

this

report

and

have

determined

that

there

are

no

material

events.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

................................

$

106,630,586

$

108,952,431

$

–

$

215,583,017

Preferred

Stocks

†

................................

83,363

–

–

83,363

Short-Term

Investments

...........................

387,069,592

500,185,798

–

887,255,390

Interest

Rate

Swap

Contracts*

......................

–

20,676,753

–

20,676,753

Total

Return

Swap

Contracts*

.......................

–

2,808,925

–

2,808,925

Futures

Contracts*

...............................

39,176,611

–

–

39,176,611

Forward

Foreign

Currency

Exchange

Contracts*

........

–

26,834,969

–

26,834,969

Total

Return

Basket

Swap

Contracts*

.................

–

34,787,844

–

34,787,844

Total

Assets

$

532,960,152

$

694,246,720

$

–

$

1,227,206,872

LIABILITIES

Common

Stocks

(Sold

Short)

†

......................

$

(116,547,532)

$

(74,871,313)

$

–

$

(191,418,845)

Preferred

Stocks

(Sold

Short)

†

......................

–

(1,286,687)

–

(1,286,687)

Interest

Rate

Swap

Contracts*

......................

–

(10,395,783)

–

(10,395,783)

Total

Return

Swap

Contracts*

.......................

–

(3,672,824)

–

(3,672,824)

Futures

Contracts*

...............................

(32,626,782)

–

–

(32,626,782)

Forward

Foreign

Currency

Exchange

Contracts*

........

–

(16,880,420)

–

(16,880,420)

Total

Return

Basket

Swap

Contracts*

.................

–

(2,865,366)

–

(2,865,366)

Total

Liabilities

$

(149,174,314)

$

(109,972,393)

$

–

$

(259,146,707)

AQR

SUSTAINABLE

LONG-SHORT

EQUITY

CARBON

AWARE

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Short-Term

Investments

...........................

$

9,387,246

$

11,080,724

$

–

$

20,467,970

Forward

Foreign

Currency

Exchange

Contracts*

........

–

285

–

285

Total

Return

Basket

Swap

Contracts*

.................

–

1,854,589

–

1,854,589

Total

Assets

$

9,387,246

$

12,935,598

$

–

$

22,322,844

LIABILITIES

Forward

Foreign

Currency

Exchange

Contracts*

........

$

–

$

(41,248)

$

–

$

(41,248)

Total

Return

Basket

Swap

Contracts*

.................

–

(71,415)

–

(71,415)

Total

Liabilities

$

–

$

(112,663)

$

–

$

(112,663)

*

Derivative

instruments,

including

total

return

swap,

futures

and

forward

foreign

currency

exchange

contracts,

are

reported

at

the

cumulative

unrealized

appreciation/(depreciation)

of

the

instrument

on

the

Funds’

Schedules

of

Investments.

Credit

default

swaps,

interest

rate

swaps

and

total

return

basket

swap

contracts

are

reported

at

market

value.

Only

current

day’s

variation

margin

is

reported

on

the

Statements

of

Assets

and

Liabilities

for

exchange-traded

and

cleared

derivatives.

†

Please

refer

to

the

Schedule

of

Investments

to

view

securities

segregated

by

country.

(a)

Securities

have

zero

value.