Stone Ridge Trust N-CSR Certified annual shareholder report (management investment company)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

811-22761

Investment Company Act file number

Stone Ridge Trust

(Exact name of registrant as specified in charter)

One Vanderbilt Avenue, 65^th Floor

New York, New York 10017

(Address of principal executive offices) (Zip code)

Stone Ridge Asset Management LLC

One Vanderbilt Avenue, 65^th Floor

New York, New York 10017

(Name and address of agent for service)

(855) 609-3680

Registrant’s telephone number, including area code

Date of fiscal year end: October 31, 2022

Date of reporting period: October 31, 2022

Item 1. Reports to Stockholders.

(a)

Annual Report

October 31, 2022

Stone Ridge High Yield Reinsurance Risk Premium Fund

Stone Ridge U.S. Hedged Equity Fund

Stone Ridge Diversified Alternatives Fund

Table of Contents

Portfolio Holdings Presentation (Unaudited)	5
Schedules of Investments
Stone Ridge High Yield Reinsurance Risk Premium Fund	8
Stone Ridge U.S. Hedged Equity Fund	20
Stone Ridge Diversified Alternatives Fund	22
Financial Statements and Notes	133
Report of Independent Registered Public Accounting Firm	171
Expense Examples (Unaudited)	173
Additional Information (Unaudited)	175

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

PERFORMANCE DATA (Unaudited)

This chart assumes an initial gross investment of $25,000,000 made on February 1, 2013 (commencement of operations). Returns shown include the reinvestment of all dividends. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. In the absence of fee waivers and reimbursements, returns for the Fund would have been lower. Past performance is not predictive of future performance. Investment return and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than the original cost.

The Intercontinental Exchange (ICE) Bank of America (BofA) Merrill Lynch 3-Month U.S. Treasury Bill Index is an index of short-term U.S. Government securities with a remaining term to final maturity of less than three months. Index figures do not reflect any deduction of fees, taxes or expenses, and are not available for investment.

AVERAGE ANNUAL TOTAL RETURNS (FOR PERIODS ENDED OCTOBER 31, 2022)
	1-year period ended 10/31/2022		5-year period ended 10/31/2022		Since Inception (02/01/13)
Stone Ridge High Yield Reinsurance Risk Premium Fund — Class I		-6.40%		2.24%		3.34%
Stone Ridge High Yield Reinsurance Risk Premium Fund — Class M		-6.49%		2.10%		3.19%
ICE BofA Merrill Lynch 3-Month U.S. Treasury Bill Index		0.79%		1.17%		0.71%

Stone Ridge Funds Annual Report October 31, 2022

2

STONE RIDGE U.S. HEDGED EQUITY FUND

PERFORMANCE DATA (Unaudited)

This chart assumes an initial gross investment of $500,000 made on May 1, 2013 (commencement of operations). Returns shown include the reinvestment of all dividends. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. In the absence of fee waivers and reimbursements, returns for the Fund would have been lower. Past performance is not predictive of future performance. Investment return and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than the original cost.

The Intercontinental Exchange (ICE) Bank of America (BofA) Merrill Lynch 3-Month U.S. Treasury Bill Index is an index of short-term U.S. Government securities with a remaining term to final maturity of less than three months. Index figures do not reflect any deduction of fees, taxes or expenses, and are not available for investment.

AVERAGE ANNUAL TOTAL RETURNS (FOR PERIODS ENDED OCTOBER 31, 2022)
	1-year period ended 10/31/2022		5-year period ended 10/31/2022		Since Inception (05/01/13)
Stone Ridge U.S. Hedged Equity Fund — Class I		-9.83%		3.88%		5.97%
Stone Ridge U.S. Hedged Equity Fund — Class M		-9.87%		3.76%		5.83%
ICE BofA Merrill Lynch 3-Month U.S. Treasury Bill Index		0.79%		1.17%		0.73%

Stone Ridge Funds Annual Report October 31, 2022

3

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

PERFORMANCE DATA (Unaudited)

This chart assumes an initial gross investment of $500,000 made on May 1, 2020 (commencement of operations). Returns shown include the reinvestment of all dividends. Returns shown do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. In the absence of fee waivers and reimbursements, returns for the Fund would have been lower. Past performance is not predictive of future performance. Investment return and principal value will fluctuate, so that your shares, when redeemed, may be worth more or less than the original cost.

The Intercontinental Exchange (ICE) Bank of America (BofA) Merrill Lynch 3-Month U.S. Treasury Bill Index is an index of short-term U.S. Government securities with a remaining term to final maturity of less than three months. Index figures do not reflect any deduction of fees, taxes or expenses, and are not available for investment.

TOTAL RETURNS (FOR PERIOD ENDED OCTOBER 31, 2022)
	1-year period ended 10/31/2022		Since Inception (04/30/20)
Stone Ridge Diversified Alternative Fund — Class I		-1.51%		5.23%
Stone Ridge Diversified Alternative Fund — Class J		-1.80%		4.93%
ICE BofA Merrill Lynch 3-Month U.S. Treasury Bill Index		0.79%		0.91%

Stone Ridge Funds Annual Report October 31, 2022

4

ALLOCATION OF PORTFOLIO HOLDINGS AT OCTOBER 31, 2022 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND PORTFOLIO ALLOCATION BY YEAR OF SCHEDULED MATURITY
2022	$54,516,561		3.5%
2023	271,077,441		17.5%
2024	405,128,078		26.2%
2025	395,429,637		25.6%
2026	161,503,983		10.4%
2027	15,846,020		1.0%
2028	25,379,199		1.6%
2029	65,917,328		4.3%
2030	16,717,588		1.1%
Not Applicable(1)	154,269,560		10.0%
Other(2)	(18,428,014	)	(1.2%	)
	$1,547,357,381

STONE RIDGE U.S. HEDGED EQUITY FUND PORTFOLIO ALLOCATION BY ASSET TYPE
Purchased Options	$760		0.0%
Short-Term Investments	30,066,759		101.6%
Liabilities in Excess of Other Assets(3)	(483,334	)	(1.6%	)
	$29,584,185

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND PORTFOLIO ALLOCATION BY ASSET TYPE
Asset-Backed Securities	$35,736,155		7.9%
Investment Companies	198,153,111		43.9%
Purchased Options	111,450		0.0%
Short-Term Investments	171,093,109		37.9%
Whole Loans - Consumer Loans	50,050,633		11.1%
Whole Loans - Student Loans	99,046		0.0%
Other Liabilities in Excess of Assets(3)	(3,650,337	)	(0.8%	)
	$451,593,167

(1) Preference shares do not have maturity dates.

(2) Cash, cash equivalents, short-term investments and liabilities in excess of other assets.

(3) Cash, cash equivalents and liabilities in excess of other assets.

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

Stone Ridge Funds Annual Report October 31, 2022

5

Management’s Discussion of Fund Performance

The Stone Ridge High Yield Reinsurance Risk Premium Fund (the “High Yield Reinsurance Fund”) is designed to capture the reinsurance risk premium by investing in a broad set of reinsurance-related securities, primarily focused on higher yielding catastrophe bonds. For the twelve months ended October 31, 2022, the Fund’s total return was -6.40%. The High Yield Reinsurance Fund’s performance is largely based on the occurrence or non-occurrence of natural or non-natural catastrophe events or other loss events around the world, which impact the performance of reinsurance-related securities. The High Yield Reinsurance Fund’s exposures span many different regions and types of events covered. There were a number of natural and non-natural catastrophes around the world (most significantly, Hurricane Ian making landfall in Florida) that negatively impacted some of the High Yield Reinsurance Fund’s risk exposures, and, therefore, negatively impacted Fund performance.

The Stone Ridge U.S Hedged Equity Fund (the “U.S. Hedged Equity Fund”) seeks to deliver equity market exposure with lower volatility and lower drawdowns than investing in equities directly. The majority of fund performance is generated from the receipt of premiums from written put options on equity indices. The U.S. Hedged Equity Fund fully collateralizes the written put options with short-term U.S. Treasury securities, which in turn provide a secondary source of return. The U.S. Hedged Equity Fund further seeks to limit participation in equity market declines by purchasing options of a lower strike than it has sold. In September 2022, the S&P 500 Index returned -9.22%, while the U.S. Hedged Equity Fund returned -5.49%, thus experiencing a lower drawdown than if one had invested in the S&P 500 Index directly. The U.S. Hedged Equity Fund experienced a similar result over longer periods as well. During the fiscal year ending October 31, 2022, the U.S. Hedged Equity Fund performed as expected by delivering lower drawdowns and lower realized volatility than that of the S&P 500 Index itself. During this period, the U.S. Hedged Equity Fund’s total return was -9.83% while the S&P 500 Index returned -14.63%.

The Stone Ridge Diversified Alternatives Fund (the “Diversified Alternatives Fund”) seeks to generate positive returns through exposure to a diversified set of risk premiums. These risk premiums include reinsurance, market risk transfer, style premium investing, alternative lending, single family real estate and bitcoin. The reinsurance risk premium strategy seeks to generate returns by investing in insurance-linked securities, such as catastrophe bonds, that provide counterparties protection against catastrophic events such as hurricanes or other natural disasters. The market risk transfer strategy seeks to generate returns through the sale of call and put options that provide counterparties with protection against changes in the market price of various assets such as oil or wheat. Style premium investing seeks to generate returns by investing in assets with certain well-known risk characteristics such as value, momentum and carry that have historically rewarded investors with higher returns. The style premium strategy generally holds both long and short positions to gain exposure to the desired risk characteristics while reducing correlation to traditional investments. Alternative lending seeks to generate returns by buying and selling consumer and small business loans originated through non-traditional lending marketplaces. Single family real estate seeks to generate returns by investing in securities related to single family rental homes. Bitcoin seeks to generate returns by selling put options on bitcoin futures contracts and/or investing in pooled investment vehicles, such as registered or private funds, that themselves invest in bitcoin.

During the fiscal year ending October 31, 2022, the market risk transfer strategy was a positive contributor to returns for the Diversified Alternatives Fund. Implied volatility was generally higher than realized volatility in equity assets during this period, creating gains that more than offset losses experienced in the energy and agriculture assets. The style premia strategy was a negative contributor to fund returns. Within the style premium strategy, commodity assets were generally positive during the fiscal year, while negative returns from currency exposures more than offset those gains. The Diversified Alternatives Fund’s exposure to the catastrophe risk premium through its investment in the Stone Ridge High Yield Reinsurance Fund was a negative contributor to fund returns because of losses related to Hurricane Ian. Please see above for additional commentary on the impact of Hurricane Ian. The alternative lending strategy was a positive contributor to returns as loan delinquencies remained in line with expectations. Single-family real estate was a negative contributor to fund returns as investments in this strategy experienced mark-to-market decreases in value because of rising interest rates overall. The bitcoin strategy was a detractor to fund returns. Bitcoin itself experienced a significant bear market during the fiscal year, and there were two instances in which the Diversified Alternatives Fund’s written put options expired in-the-money, creating losses for the fund. For the fiscal year ending October 31, 2022, the Diversified Alternatives Fund’s total return was -1.51%.

Stone Ridge Funds Annual Report October 31, 2022

6

Management’s Discussion of Fund Performance

DEFINITIONS

Drawdown — A drawdown is a peak-to-trough decline during a specific period for an investment.

Options — Options are financial derivatives that give buyers the right, but not the obligation, to buy or sell an underlying asset at an agreed-upon price and date.

Put option — A put is an option contract that gives the owner the right, but not the obligation, to sell a certain amount of the underlying asset, at a set price within a specific time.

Strike price — Option contracts are derivatives that give the holders the right, but not the obligation, to buy or sell some underlying security at some point in the future at a pre-specified price. This is known as the option’s strike price (or exercise price).

Call option — A call option is a derivatives contract giving the owner the right, but not the obligation, to buy a specified amount of an underlying security at a specified price within a specified time.

Correlation — Correlation is a statistic that measures the degree to which two investments move in relation to each other.

Futures contracts - A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the future.

In-the-money — The phrase in the money (ITM) refers to an option that possesses intrinsic value. An in-the-money call option means the option holder can buy the security below its current market price. An in-the-money put option means the option holder can sell the security above its current market price.

RISK DISCLOSURES

Stone Ridge Funds are generally sold only to (i) institutional investors, including registered investment advisers (“RIAs”), that meet certain qualifications and have completed an educational program provided by Stone Ridge Asset Management LLC; (ii) clients of such institutional investors; and (iii) certain other eligible investors. Investors and RIAs allocating to clients’ accounts should carefully consider a Fund’s risks and investment objectives, as an investment in a Fund may not be appropriate for all investors and is not designed to be a complete investment program. Investing in the Funds involves a high degree of risk. It is possible that investing in the Funds may result in a loss of some or all of the amount invested. Before making an investment/allocation decision, investors and RIAs allocating to clients’ accounts should (i) consider the suitability of this investment with respect to such investor’s or client’s investment objectives and individual situation and (ii) consider factors such as such investor’s or client’s net worth, income, age, and risk tolerance. Investment should be avoided where an investor has a short-term investing horizon and/or cannot bear the loss of some or all of their investment. Before investing in a Fund, investors and RIAs allocating to clients’ accounts should read the discussion of risks of investing in the prospectus.

Stone Ridge Funds Annual Report October 31, 2022

7

Schedule of Investments as of October 31, 2022

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
EVENT LINKED BONDS - 85.8%
Europe - 0.3%
Earthquake - 0.0% (a)
Azzurro Re II Class A (3 Month Euribor + 4.760%), 01/17/2024 (b)(c)(d)(e) (Cost: $487,485; Original Acquisition Date: 07/06/2020)		EUR    431,000	$	422,017
Terrorism - 0.2%
Baltic PCC 2022-1 Class A (T-Bill 3 Month + 5.500%), 03/07/2025 (b)(c)(d)(e) (Cost: $2,345,090; Original Acquisition Date: 03/02/2022)		GBP 1,750,000		1,916,593
Windstorm - 0.1%
Hexagon III Re Pte. Class B (3 Month Euribor + 11.000%), 01/15/2026 (b)(c)(d)(e) (Cost: $2,250,098; Original Acquisition Date: 11/23/2021)		EUR 2,000,000		1,853,067
				4,191,677
Global - 13.5%
Earthquake - 0.1%
IBRD CAR 123 Class A (3 Month Libor USD + 5.500%), 12/02/2022 (b)(c)(d)(e)(f) (Cost: $1,812,255; Original Acquisition Date: 11/15/2019)		$      1,812,000		1,804,299
Multiperil - 13.3%
2001 Cat Re 2020-1 Class A (T-Bill 3 Month + 12.480%), 01/08/2024 (b)(c)(d)(e)(f) (Cost: $5,750,000; Original Acquisition Date: 11/13/2020)		5,750,000		5,609,413
3264 Re 2020-1 Class A (T-Bill 3 Month + 9.750%), 02/07/2023 (b)(c)(d)(e)(f) (Cost: $7,523,312; Original Acquisition Date: 03/02/2022)		7,500,000		6,975,000
3264 Re 2022-1 Class A (T-Bill 3 Month + 19.000%), 01/08/2025 (b)(c)(d)(e) (Cost: $9,000,000; Original Acquisition Date: 12/16/2021)		9,000,000		7,425,000
Atlas Capital 2020 DAC 2020-1 (T-Bill 3 Month + 8.300%), 06/10/2024 (b)(c)(d)(e)(g) (Cost: $7,865,000; Original Acquisition Date: 04/23/2020)		7,865,000		7,649,892
Atlas Capital 2022 DAC 2022-1 Class A (SOFR + 9.500%), 06/06/2025 (b)(c)(d)(e) (Cost: $19,000,000; Original Acquisition Date: 05/24/2022)		19,000,000		18,602,900

	PRINCIPAL AMOUNT		VALUE
Multiperil - 13.3% (continued)
Atlas Capital UK 2019 PLC 2019-1 (3 Month Libor USD + 11.600%), 06/07/2023 (b)(c)(d)(e)(g) (Cost: $4,436,000; Original Acquisition Date: 05/24/2019)	$	4,436,000	$	4,295,601
Claveau Re 2021-1 Class A (T-Bill 3 Month + 17.250%), 07/08/2025 (b)(c)(d)(e) (Cost: $10,000,000; Original Acquisition Date: 07/01/2021)		10,000,000		8,062,500
Herbie Re 2021-1 Class A (T-Bill 3 Month + 17.250%), 06/06/2025 (b)(c)(d)(e)(h) (Cost: $5,750,000; Original Acquisition Date: 05/19/2021)		5,750,000		3,163,650
Hypatia Ltd. 2020-1 Class A (T-Bill 3 Month + 7.325%), 06/07/2023 (b)(c)(d)(e)(g) (Cost: $3,763,000; Original Acquisition Date: 07/10/2020)		3,763,000		3,629,413
Hypatia Ltd. 2020-1 Class B (T-Bill 3 Month + 10.275%), 06/07/2023 (b)(c)(d)(e) (Cost: $5,789,000; Original Acquisition Date: 07/10/2020)		5,789,000		5,456,132
Kendall Re 2021-1 Class A (T-Bill 3 Month + 4.000%), 05/02/2024 (b)(c)(d)(e) (Cost: $13,216,062; Original Acquisition Date: 04/19/2021)		13,250,000		12,319,187
Kendall Re 2021-1 Class B (T-Bill 3 Month + 6.240%), 05/02/2024 (b)(c)(d)(e) (Cost: $8,500,000; Original Acquisition Date: 04/19/2021)		8,500,000		7,997,650
Kilimanjaro III Re 2021-1 Class A-1 (T-Bill 3 Month + 11.250%), 04/21/2025 (b)(c)(d)(e) (Cost: $8,256,977; Original Acquisition Date: 04/08/2021)		8,250,000		7,284,750
Kilimanjaro III Re 2021-1 Class B-1 (T-Bill 3 Month + 4.500%), 04/21/2025 (b)(c)(d)(e) (Cost: $2,500,000; Original Acquisition Date: 04/08/2021)		2,500,000		2,359,375
Kilimanjaro III Re 2021-1 Class C-1 (T-Bill 3 Month + 4.250%), 04/21/2025 (b)(c)(d)(e) (Cost: $6,204,558; Original Acquisition Date: 04/28/2022)		6,250,000		5,938,750
Kilimanjaro III Re 2021-2 Class A-2 (T-Bill 3 Month + 11.250%), 04/20/2026 (b)(c)(d)(e)(g) (Cost: $6,750,000; Original Acquisition Date: 04/08/2021)		6,750,000		5,838,750

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

8

Schedule of Investments as of October 31, 2022

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 13.3% (continued)
Kilimanjaro III Re 2021-2 Class B-2 (T-Bill 3 Month + 4.500%), 04/20/2026 (b)(c)(d)(e) (Cost: $3,000,000; Original Acquisition Date: 04/08/2021)	$	3,000,000	$	2,758,950
Kilimanjaro III Re 2021-2 Class C-2 (T-Bill 3 Month + 4.250%), 04/20/2026 (b)(c)(d)(e)(g) (Cost: $2,750,000; Original Acquisition Date: 04/08/2021)		2,750,000		2,555,712
Kilimanjaro III Re 2022-1 Class A (T-Bill 3 Month + 5.250%), 06/25/2025 (b)(c)(d)(e) (Cost: $8,500,000; Original Acquisition Date: 06/15/2022)		8,500,000		8,419,250
Matterhorn Re Argon 2022-1 Class A (SOFR + 7.250%), 01/25/2027 (b)(c)(d)(e) (Cost: $1,000,000; Original Acquisition Date: 03/31/2022)		1,000,000		975,351
Matterhorn Re Ltd 2020-2 Class A (T-Bill 3 Month + 5.000%), 01/08/2024 (b)(c)(d)(e)(f) (Cost: $7,617,970; Original Acquisition Date: 01/29/2020)		7,701,000		7,397,581
Matterhorn Re Ltd SR2022-1 Class B (SOFR + 7.750%), 03/24/2025 (b)(c)(d)(e) (Cost: $4,000,000; Original Acquisition Date: 03/10/2022)		4,000,000		3,680,000
Matterhorn Re SR2021-1 Class A (SOFR + 5.750%), 12/07/2025 (b)(c)(d)(e) (Cost: $10,537,286; Original Acquisition Date: 12/15/2021)		10,739,000		9,788,599
Matterhorn Re SR2022-1 Class A (SOFR + 5.315%), 03/24/2025 (b)(c)(d)(e) (Cost: $4,000,000; Original Acquisition Date: 03/10/2022)		4,000,000		3,828,400
Montoya Re 2022-1 Class A (T-Bill 3 Month + 6.750%), 04/07/2029 (b)(c)(d)(e) (Cost: $9,670,739; Original Acquisition Date: 03/23/2022)		9,674,000		9,298,165
Northshore Re II 2019-1 Class A (T-Bill 3 Month + 7.310%), 07/07/2023 (b)(c)(d)(e)(g) (Cost: $14,253,408; Original Acquisition Date: 03/24/2021)		14,095,000		13,922,336
Sakura Re 2021-1 Class A (T-Bill 3 Month + 2.250%), 04/07/2025 (b)(c)(d)(e)(f) (Cost: $6,250,000; Original Acquisition Date: 03/24/2021)		6,250,000		6,022,813

	PRINCIPAL AMOUNT		VALUE
Multiperil - 13.3% (continued)
Sakura Re 2021-1 Class B (T-Bill 3 Month + 4.160%), 04/07/2025 (b)(c)(d)(e)(g) (Cost: $10,250,000; Original Acquisition Date: 03/24/2021)	$	10,250,000	$	9,916,875
Vista Re 2021-1 Class A (T-Bill 3 Month + 6.360%), 05/21/2024 (b)(c)(d)(e)(g) (Cost: $15,000,000; Original Acquisition Date: 04/26/2021)		15,000,000		14,418,000
				205,589,995
Windstorm - 0.1%
Northshore Re II 2022-1 Class A (T-Bill 3 Month + 8.000%), 07/08/2025 (b)(c)(d)(e) (Cost: $2,000,000; Original Acquisition Date: 06/22/2022)		2,000,000		1,977,100
				209,371,394
Jamaica - 1.0%
Windstorm - 1.0%
IBRD CAR 130 (SOFR Index + 4.400%), 12/29/2023 (b)(c)(d)(e) (Cost: $16,000,000; Original Acquisition Date: 07/19/2021)		16,000,000		15,765,600
Japan - 4.2%
Earthquake - 3.5%
Kizuna Re III 2021-1 Class A (T-Bill 3 Month + 2.000%), 04/07/2026 (b)(c)(d)(e)(f) (Cost: $2,000,000; Original Acquisition Date: 03/22/2021)		2,000,000		1,908,600
Nakama Re 2018-1 Class 1 (3 Month Libor USD + 2.000%), 04/13/2023 (b)(c)(d)(e)(g) (Cost: $15,240,196; Original Acquisition Date: 02/22/2018)		15,256,000		14,609,145
Nakama Re 2018-1 Class 2 (3 Month Libor USD + 3.000%), 04/13/2023 (b)(c)(d)(e)(f)(g) (Cost: $6,631,722; Original Acquisition Date: 02/22/2018)		6,638,000		6,456,451
Nakama Re 2020-1 Class 1 (T-Bill 3 Month + 2.200%), 01/07/2025 (b)(c)(d)(e)(f) (Cost: $1,129,000; Original Acquisition Date: 02/04/2020)		1,129,000		1,095,977
Nakama Re Pte. 2021-1 Class 1 (T-Bill 3 Month + 2.050%), 10/13/2026 (b)(c)(d)(e)(f)(g) (Cost: $22,000,000; Original Acquisition Date: 09/22/2021)		22,000,000		20,186,100

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

9

Schedule of Investments as of October 31, 2022

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Earthquake - 3.5% (continued)
Nakama Re Pte. 2021-1 Class 2 (T-Bill 3 Month + 2.750%), 10/13/2026 (b)(c)(d)(e)(g) (Cost: $10,250,000; Original Acquisition Date: 09/22/2021)	$	10,250,000	$	9,408,475
				53,664,748
Multiperil - 0.3%
Tomoni Re Pte 2022-1 Class B-1 (T-Bill 3 Month + 2.750%), 04/07/2030 (b)(c)(d)(e)(f) (Cost: $1,750,000; Original Acquisition Date: 03/28/2022)		1,750,000		1,696,537
Umigame Re 2021-1 Class A-1 (T-Bill 3 Month + 2.250%), 04/07/2025 (b)(c)(d)(e)(f) (Cost: $1,750,000; Original Acquisition Date: 06/18/2021)		1,750,000		1,690,063
Umigame Re 2021-1 Class A-2 (T-Bill 3 Month + 2.500%), 04/07/2025 (b)(c)(d)(e)(f) (Cost: $1,000,000; Original Acquisition Date: 06/18/2021)		1,000,000		965,800
Umigame Re 2021-1 Class B (T-Bill 3 Month + 4.750%), 04/07/2025 (b)(c)(d)(e)(f) (Cost: $750,000; Original Acquisition Date: 06/18/2021)		750,000		718,163
				5,070,563
Typhoon - 0.4%
Black Kite Re 2022-1 Class A (T-Bill 3 Month + 6.900%), 06/09/2025 (b)(c)(d)(e) (Cost: $5,500,000; Original Acquisition Date: 05/27/2022)		5,500,000		5,491,750
				64,227,061
Mexico - 1.1%
Earthquake - 0.6%
IBRD CAR 125 Class A (3 Month Libor USD + 3.500%), 03/13/2024 (b)(c)(d)(e)(f) (Cost: $7,008,374; Original Acquisition Date: 02/28/2020)		7,006,000		6,930,335
IBRD CAR 126 Class B (3 Month Libor USD + 9.000%), 03/13/2024 (b)(c)(d)(e)(f) (Cost: $3,121,226; Original Acquisition Date: 02/28/2020)		3,111,000		3,048,780
				9,979,115

	PRINCIPAL AMOUNT		VALUE
Windstorm - 0.5%
IBRD CAR 127 Class C (3 Month Libor USD + 10.000%), 03/13/2024 (b)(c)(d)(e)(f) (Cost: $7,539,241; Original Acquisition Date: 02/28/2020)	$	7,521,000	$	7,472,114
				17,451,229
United States - 65.7%
Earthquake - 13.8%
Acorn Re 2021-1 Class A (T-Bill 3 Month + 2.500%), 11/07/2024 (b)(c)(d)(e)(f) (Cost: $17,989,042; Original Acquisition Date: 10/25/2021)		18,285,000		17,059,905
Logistics Re 2021-1 Class A (T-Bill 3 Month + 3.500%), 12/20/2024 (b)(c)(d)(e)(f) (Cost: $4,237,602; Original Acquisition Date: 12/10/2021)		4,250,000		4,126,962
Merna Re II 2021-1 Class A (T-Bill 3 Month + 3.930%), 04/05/2024 (b)(c)(d)(e)(f)(g) (Cost: $3,500,000; Original Acquisition Date: 03/26/2021)		3,500,000		3,433,850
Merna Re II 2022-1 Class A (SOFR + 3.750%), 04/07/2025 (b)(c)(d)(e)(f) (Cost: $10,000,000; Original Acquisition Date: 03/25/2022)		10,000,000		9,625,000
Phoenician Re 2020-1 Class A (T-Bill 3 Month + 3.016%), 12/14/2023 (b)(c)(d)(e)(g) (Cost: $5,000,000; Original Acquisition Date: 11/24/2020)		5,000,000		4,871,500
Phoenician Re 2020-2 Class A (T-Bill 3 Month + 2.924%), 12/14/2023 (b)(c)(d)(e)(g) (Cost: $3,000,000; Original Acquisition Date: 12/08/2020)		3,000,000		2,921,250
Phoenician Re 2021-1 Class A (T-Bill 3 Month + 2.500%), 12/14/2028 (b)(c)(d)(e) (Cost: $6,833,398; Original Acquisition Date: 12/01/2021)		6,916,000		6,424,618
Sierra 2020-1 Class A (T-Bill 3 Month + 3.250%), 12/28/2022 (b)(c)(d)(e)(f) (Cost: $2,000,000; Original Acquisition Date: 12/20/2019)		2,000,000		1,957,100
Sierra 2020-1 Class B (T-Bill 3 Month + 5.750%), 12/28/2022 (b)(c)(d)(e)(f) (Cost: $3,750,000; Original Acquisition Date: 12/20/2019)		3,750,000		3,658,875
Sierra 2021-1 Class A (T-Bill 3 Month + 2.700%), 01/31/2024 (b)(c)(d)(e)(g) (Cost: $4,002,688; Original Acquisition Date: 01/25/2021)		4,054,000		3,880,286

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

10

Schedule of Investments as of October 31, 2022

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Earthquake - 13.8% (continued)
Sierra 2021-1 Class B (T-Bill 3 Month + 4.750%), 01/31/2024 (b)(c)(d)(e) (Cost: $1,000,000; Original Acquisition Date: 01/25/2021)	$	1,000,000	$	957,050
Sutter Re 2020-1 Class A (T-Bill 3 Month + 5.000%), 05/23/2023 (b)(c)(d)(e)(g) (Cost: $8,057,697; Original Acquisition Date: 01/11/2022)		8,000,000		7,728,400
Sutter Re 2020-1 Class F (T-Bill 3 Month + 8.500%), 05/23/2023 (b)(c)(d)(e) (Cost: $3,749,028; Original Acquisition Date: 10/04/2022)		3,920,000		3,733,016
Torrey Pines Re 2021-1 Class A (T-Bill 3 Month + 4.000%), 06/07/2024 (b)(c)(d)(e)(g) (Cost: $11,191,077; Original Acquisition Date: 03/12/2021)		11,200,000		10,657,360
Torrey Pines Re 2021-1 Class B (T-Bill 3 Month + 4.770%), 06/07/2024 (b)(c)(d)(e)(f) (Cost: $12,755,299; Original Acquisition Date: 03/12/2021)		12,750,000		12,111,225
Torrey Pines Re 2022-1 Class A (T-Bill 3 Month + 5.000%), 06/06/2025 (b)(c)(d)(e)(g) (Cost: $20,000,000; Original Acquisition Date: 05/10/2022)		20,000,000		19,268,000
Torrey Pines Re 2022-1 Class B (T-Bill 3 Month + 8.250%), 06/06/2025 (b)(c)(d)(e) (Cost: $13,500,000; Original Acquisition Date: 05/10/2022)		13,500,000		13,061,250
Ursa Re 2019-1 Class C (T-Bill 3 Month + 5.750%), 12/10/2022 (b)(c)(d)(e)(f)(g) (Cost: $26,770,472; Original Acquisition Date: 11/20/2019)		26,827,000		26,408,499
Ursa Re II 2020-1 Class AA (T-Bill 3 Month + 3.750%), 12/07/2023 (b)(c)(d)(e)(f)(g) (Cost: $21,307,789; Original Acquisition Date: 10/08/2020)		21,217,000		20,506,231
Ursa Re II 2020-1 Class D (T-Bill 3 Month + 6.250%), 12/07/2023 (b)(c)(d)(e)(g) (Cost: $17,691,834; Original Acquisition Date: 10/08/2020)		17,697,000		16,579,434
Ursa Re II 2021-1 Class F (T-Bill 3 Month + 6.190%), 12/06/2024 (b)(c)(d)(e)(g) (Cost: $9,750,000; Original Acquisition Date: 02/25/2021)		9,750,000		8,754,525

	PRINCIPAL AMOUNT		VALUE
Earthquake - 13.8% (continued)
Ursa Re II 2022-1 Class A (T-Bill 3 Month + 5.000%), 06/16/2025 (b)(c)(d)(e)(g) (Cost: $12,750,000; Original Acquisition Date: 05/27/2022)	$	12,750,000	$	12,308,213
Ursa Re II 2022-1 Class E (T-Bill 3 Month + 7.750%), 06/16/2025 (b)(c)(d)(e) (Cost: $3,500,000; Original Acquisition Date: 05/27/2022)		3,500,000		3,238,200
Wrigley Re 2021-1 Class A (T-Bill 3 Month + 2.400%), 07/08/2024 (b)(c)(d)(e)(f) (Cost: $750,000; Original Acquisition Date: 06/17/2021)		750,000		707,700
				213,978,449
Fire - 1.2%
Power Protective Re 2020-1 Class A (T-Bill 3 Month + 10.750%), 12/15/2023 (b)(c)(d)(e) (Cost: $4,000,000; Original Acquisition Date: 12/03/2020)		4,000,000		3,931,600
Power Protective Re 2021-1 Class A (T-Bill 3 Month + 15.000%), 10/09/2024 (b)(c)(d)(e) (Cost: $2,750,000; Original Acquisition Date: 09/29/2021)		2,750,000		2,680,837
SD Re 2020-1 Class A (T-Bill 3 Month + 9.750%), 07/14/2023 (b)(c)(d)(e)(f) (Cost: $1,438,000; Original Acquisition Date: 07/02/2020)		1,438,000		1,360,708
SD Re 2021-1 Class A (T-Bill 3 Month + 8.750%), 11/19/2024 (b)(c)(d)(e) (Cost: $2,750,000; Original Acquisition Date: 10/18/2021)		2,750,000		2,639,313
SD Re 2021-1 Class B (T-Bill 3 Month + 9.250%), 11/19/2024 (b)(c)(d)(e)(f) (Cost: $7,750,000; Original Acquisition Date: 10/18/2021)		7,750,000		7,387,300
				17,999,758
Flood - 2.9%
FloodSmart Re 2020 Class A (T-Bill 3 Month + 11.580%), 02/27/2023 (b)(c)(d)(e)(f)(g) (Cost: $25,009,851; Original Acquisition Date: 02/14/2020)		25,014,000		15,633,750
FloodSmart Re 2020 Class B (T-Bill 3 Month + 15.080%), 02/27/2023 (b)(c)(d)(e)(f)(g) (Cost: $9,000,000; Original Acquisition Date: 02/14/2020)		9,000,000		1,575,000

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

11

Schedule of Investments as of October 31, 2022

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Flood - 2.9% (continued)
FloodSmart Re 2021-1 Class A (T-Bill 3 Month + 13.580%), 03/01/2024 (b)(c)(d)(e)(f)(g) (Cost: $26,455,632; Original Acquisition Date: 02/16/2021)	$	26,500,000	$	10,600,000
FloodSmart Re 2021-1 Class B (T-Bill 3 Month + 17.330%), 03/01/2024 (b)(c)(d)(e)(g) (Cost: $7,959,807; Original Acquisition Date: 02/16/2021)		8,000,000		1,000,000
FloodSmart Re 2022-1 Class A (T-Bill 3 Month + 11.250%), 02/26/2029 (b)(c)(d)(e) (Cost: $22,000,000; Original Acquisition Date: 02/14/2022)		22,000,000		12,650,000
FloodSmart Re 2022-1 Class B (T-Bill 3 Month + 13.750%), 02/26/2029 (b)(c)(d)(e) (Cost: $7,500,000; Original Acquisition Date: 02/14/2022)		7,500,000		2,812,500
FloodSmart Re 2022-1 Class C (T-Bill 3 Month + 17.750%), 02/26/2029 (b)(c)(d)(e) (Cost: $1,750,000; Original Acquisition Date: 02/14/2022)		1,750,000		393,750
				44,665,000
Mortality/Longevity/Disease - 1.9%
La Vie Re 2020-1 Class A (3 Month Libor USD + 2.850%), 10/06/2023 (b)(c)(d)(e)(g) (Cost: $2,250,000; Original Acquisition Date: 10/19/2020)		2,250,000		2,227,387
Vita Capital VI 2021-1 Class B (SOFR Index + 3.124%), 01/08/2026 (b)(c)(d)(e) (Cost: $8,000,000; Original Acquisition Date: 07/02/2021)		8,000,000		7,760,000
Vitality Re X 2019 Class B (T-Bill 3 Month + 2.000%), 01/10/2023 (b)(c)(d)(e)(g) (Cost: $3,744,088; Original Acquisition Date: 01/17/2019)		3,750,000		3,703,125
Vitality Re XI Limited 2020 Class A (T-Bill 3 Month + 1.500%), 01/09/2024 (b)(c)(d)(e)(g) (Cost: $2,186,188; Original Acquisition Date: 01/23/2020)		2,200,000		2,125,860
Vitality Re XI Limited 2020 Class B (T-Bill 3 Month + 1.800%), 01/09/2024 (b)(c)(d)(e)(g) (Cost: $3,692,130; Original Acquisition Date: 01/23/2020)		3,750,000		3,600,750
Vitality Re XII 2021 Class A (T-Bill 3 Month + 2.250%), 01/07/2025 (b)(c)(d)(e)(g) (Cost: $7,877,899; Original Acquisition Date: 01/29/2021)		7,940,000		7,581,112

	PRINCIPAL AMOUNT		VALUE
Mortality/Longevity/Disease - 1.9% (continued)
Vitality Re XII 2021 Class B (T-Bill 3 Month + 2.750%), 01/07/2025 (b)(c)(d)(e)(g) (Cost: $3,000,000; Original Acquisition Date: 01/29/2021)	$	3,000,000	$	2,837,250
				29,835,484
Multiperil - 28.4%
Blue Halo Re 2022-1 Class A (T-Bill 3 Month + 9.750%), 02/26/2029 (b)(c)(d)(e) (Cost: $1,500,000; Original Acquisition Date: 02/11/2022)		1,500,000		1,439,100
Blue Halo Re 2022-1 Class B (T-Bill 3 Month + 15.250%), 02/26/2029 (b)(c)(d)(e) (Cost: $1,750,000; Original Acquisition Date: 02/11/2022)		1,750,000		1,601,950
Bonanza Re 2020-1 Class A (T-Bill 3 Month + 4.870%), 02/20/2024 (b)(c)(d)(e) (Cost: $11,317,942; Original Acquisition Date: 02/13/2020)		11,275,000		6,765,000
Bowline Re 2019-1 Class A (T-Bill 3 Month + 4.500%), 03/20/2023 (b)(c)(d)(e)(g) (Cost: $4,017,000; Original Acquisition Date: 03/08/2019)		4,017,000		3,920,592
Bowline Re 2019-1 Class B (T-Bill 3 Month + 8.850%), 03/20/2023 (b)(c)(d)(e)(f) (Cost: $5,436,322; Original Acquisition Date: 03/08/2019)		5,438,000		5,311,838
Bowline Re 2022-1 Class A (T-Bill 3 Month + 6.350%), 05/23/2029 (b)(c)(d)(e) (Cost: $3,000,000; Original Acquisition Date: 05/12/2022)		3,000,000		2,908,500
Bowline Re 2022-1 Class B (T-Bill 3 Month + 17.000%), 05/23/2029 (b)(c)(d)(e) (Cost: $2,750,000; Original Acquisition Date: 05/12/2022)		2,750,000		2,655,812
Bowline Re 2022-1 Class C (T-Bill 3 Month + 7.750%), 05/23/2029 (b)(c)(d)(e) (Cost: $2,500,000; Original Acquisition Date: 05/12/2022)		2,500,000		2,498,250
Caelus Re 2018-1 Class A (T-Bill 3 Month + 0.500%), 06/09/2025 (b)(c)(d)(e)(h) (Cost: $2,319,000; Original Acquisition Date: 05/04/2018)		2,319,000		1,588,515
Caelus Re 2018-1 Class B (T-Bill 3 Month + 0.100%), 06/09/2025 (b)(c)(d)(e)(h) (Cost: $1,902,959; Original Acquisition Date: 05/04/2018)		1,905,000		23,908

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

12

Schedule of Investments as of October 31, 2022

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 28.4% (continued)
Caelus Re 2018-1 Class C (T-Bill 3 Month + 0.100%), 06/09/2025 (b)(c)(d)(e)(h) (Cost: $2,782,000; Original Acquisition Date: 05/04/2018)	$	2,782,000	$	14,049
Caelus Re 2020-1 Class A-1 (T-Bill 3 Month + 5.380%), 06/07/2023 (b)(c)(d)(e) (Cost: $6,847,625; Original Acquisition Date: 02/20/2020)		6,865,000		6,729,416
Caelus Re 2020-1 Class B-1 (T-Bill 3 Month + 5.380%), 06/07/2024 (b)(c)(d)(e) (Cost: $4,000,000; Original Acquisition Date: 02/20/2020)		4,000,000		3,901,600
Caelus Re V 2017-1 Class B (T-Bill 3 Month + 0.100%), 06/05/2024 (b)(c)(d)(e)(h) (Cost: $129,700; Original Acquisition Date: 04/27/2017)		129,700		103,760
Caelus Re V 2017-1 Class C (T-Bill 3 Month + 0.100%), 06/05/2023 (b)(c)(d)(e)(h) (Cost: $830,000; Original Acquisition Date: 04/27/2017)		830,000		39,591
Easton Re 2020-1 Class A (T-Bill 3 Month + 4.000%), 01/08/2024 (b)(c)(d)(e) (Cost: $8,419,502; Original Acquisition Date: 12/15/2020)		8,453,000		7,961,881
Espada Reinsurance 2016-1 Class 20 (T-Bill 3 Month + 0.500%), 12/06/2022 (b)(c)(d)(e)(h) (Cost: $152,255; Original Acquisition Date: 02/12/2016)		152,255		45,677
Finca Re 2022-1 Class A (T-Bill 3 Month + 7.750%), 06/07/2029 (b)(c)(d)(e) (Cost: $3,500,000; Original Acquisition Date: 06/28/2022)		3,500,000		3,466,400
Four Lakes Re 2020-1 Class A (T-Bill 3 Month + 7.300%), 01/05/2024 (b)(c)(d)(e) (Cost: $750,000; Original Acquisition Date: 11/05/2020)		750,000		734,287
Four Lakes Re 2020-1 Class B (T-Bill 3 Month + 10.160%), 01/05/2024 (b)(c)(d)(e) (Cost: $3,772,787; Original Acquisition Date: 11/05/2020)		3,750,000		3,627,375
Four Lakes Re 2021-1 Class A (T-Bill 3 Month + 4.750%), 07/01/2025 (b)(c)(d)(e) (Cost: $3,500,000; Original Acquisition Date: 12/15/2021)		3,500,000		3,405,325

	PRINCIPAL AMOUNT		VALUE
Multiperil - 28.4% (continued)
Galileo Re 2019-1 Class C (T-Bill 3 Month + 9.870%), 01/08/2024 (b)(c)(d)(e)(g) (Cost: $3,000,000; Original Acquisition Date: 12/06/2019)	$	3,000,000	$	2,924,250
Galileo Re 2019-1 Class D (T-Bill 3 Month + 8.070%), 01/08/2024 (b)(c)(d)(e)(f)(g) (Cost: $2,000,000; Original Acquisition Date: 12/06/2019)		2,000,000		1,963,800
Golden State Re II 2018-1 Class A (3 Month Libor USD + 2.200%), 01/08/2023 (b)(c)(d)(e)(g) (Cost: $7,250,000; Original Acquisition Date: 11/29/2018)		7,250,000		7,019,450
Herbie Re 2020-1 Class A (T-Bill 3 Month + 9.130%), 07/08/2024 (b)(c)(d)(e)(f) (Cost: $6,899,000; Original Acquisition Date: 06/09/2020)		6,899,000		5,865,530
Herbie Re 2020-2 Class A (T-Bill 3 Month + 6.730%), 01/08/2025 (b)(c)(d)(e) (Cost: $1,250,000; Original Acquisition Date: 10/19/2020)		1,250,000		1,204,625
Herbie Re 2020-2 Class B (T-Bill 3 Month + 9.720%), 01/08/2025 (b)(c)(d)(e) (Cost: $4,054,905; Original Acquisition Date: 10/19/2020)		4,000,000		3,643,600
Herbie Re 2020-2 Class C (T-Bill 3 Month + 15.850%), 01/06/2023 (b)(c)(d)(e) (Cost: $1,254,560; Original Acquisition Date: 10/19/2020)		1,250,000		781,500
Kilimanjaro III Re 2019-1 Class A-1 (T-Bill 3 Month + 16.660%), 12/19/2023 (b)(c)(d)(e) (Cost: $6,750,000; Original Acquisition Date: 12/09/2019)		6,750,000		4,050,000
Kilimanjaro III Re 2019-1 Class A-2 (T-Bill 3 Month + 16.660%), 12/19/2024 (b)(c)(d)(e) (Cost: $10,940,889; Original Acquisition Date: 12/09/2019)		11,117,000		6,670,200
Kilimanjaro III Re 2019-1 Class B-1 (T-Bill 3 Month + 9.910%), 12/19/2023 (b)(c)(d)(e) (Cost: $12,500,000; Original Acquisition Date: 12/09/2019)		12,500,000		12,225,000
Kilimanjaro III Re 2019-1 Class B-2 (T-Bill 3 Month + 9.910%), 12/19/2024 (b)(c)(d)(e)(g) (Cost: $9,250,000; Original Acquisition Date: 12/09/2019)		9,250,000		8,925,325

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

13

Schedule of Investments as of October 31, 2022

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 28.4% (continued)
Kilimanjaro Re 2018-2 Class A-2 (3 Month Libor USD + 13.610%), 05/05/2023 (b)(c)(d)(e) (Cost: $6,825,119; Original Acquisition Date: 04/18/2018)	$	6,840,000	$	6,122,142
Kilimanjaro Re 2018-2 Class B-2 (3 Month Libor USD + 4.940%), 05/05/2023 (b)(c)(d)(e)(g) (Cost: $8,563,612; Original Acquisition Date: 04/18/2018)		8,555,000		8,272,257
Long Point Re IV 2022-1 Class A (T-Bill 3 Month + 4.250%), 06/01/2026 (b)(c)(d)(e)(g) (Cost: $34,000,000; Original Acquisition Date: 05/13/2022)		34,000,000		32,947,700
Matterhorn Re Ltd SR2020-5 Class A (3 Month Libor USD + 4.250%), 12/07/2022 (b)(c)(d)(e) (Cost: $7,742,725; Original Acquisition Date: 10/13/2022)		7,782,000		7,667,605
Matterhorn Re SR2022-2 Class C (SOFR + 9.025%), 06/07/2024 (b)(c)(d)(e) (Cost: $3,000,000; Original Acquisition Date: 06/08/2022)		3,000,000		3,002,700
Merna Re II 2022-2 Class A (T-Bill 3 Month + 7.500%), 07/09/2029 (b)(c)(d)(e) (Cost: $7,500,000; Original Acquisition Date: 06/07/2022)		7,500,000		5,062,500
MetroCat Re 2020-1 Class A (T-Bill 3 Month + 5.500%), 05/08/2023 (b)(c)(d)(e)(g) (Cost: $6,092,463; Original Acquisition Date: 05/06/2020)		6,141,000		5,987,475
Mona Lisa Re 2020-1 Class A (T-Bill 3 Month + 7.500%), 01/09/2023 (b)(c)(d)(e)(f) (Cost: $7,750,000; Original Acquisition Date: 12/30/2019)		7,750,000		7,544,237
Mona Lisa Re 2020-1 Class B (T-Bill 3 Month + 8.000%), 01/09/2023 (b)(c)(d)(e)(f) (Cost: $6,500,000; Original Acquisition Date: 12/30/2019)		6,500,000		6,373,575
Mona Lisa Re 2021-1 Class A (T-Bill 3 Month + 7.000%), 07/08/2025 (b)(c)(d)(e) (Cost: $12,769,670; Original Acquisition Date: 06/22/2021)		12,750,000		12,034,087
Mystic Re IV 2021-1 Class A (T-Bill 3 Month + 9.750%), 01/08/2024 (b)(c)(d)(e)(g) (Cost: $17,806,060; Original Acquisition Date: 12/15/2020)		17,638,000		16,932,480

	PRINCIPAL AMOUNT		VALUE
Multiperil - 28.4% (continued)
Mystic Re IV 2021-2 Class A (T-Bill 3 Month + 5.810%), 01/08/2025 (b)(c)(d)(e) (Cost: $16,219,130; Original Acquisition Date: 04/07/2022)	$	16,250,000	$	15,424,500
Mystic Re IV 2021-2 Class B (T-Bill 3 Month + 11.690%), 01/08/2025 (b)(c)(d)(e) (Cost: $2,250,000; Original Acquisition Date: 06/09/2021)		2,250,000		2,126,250
Northshore Re II 2021-1 Class A (T-Bill 3 Month + 5.750%), 01/08/2024 (b)(c)(d)(e)(g) (Cost: $7,500,000; Original Acquisition Date: 12/02/2020)		7,500,000		7,291,125
Putnam Re Pte. Ltd. 2021-1 Class A (T-Bill 3 Month + 5.500%), 06/07/2024 (b)(c)(d)(e)(h) (Cost: $26,563; Original Acquisition Date: 05/21/2021)		26,563		—
Residential Re 2016-I Class 10 (T-Bill 3 Month + 0.500%), 12/06/2022 (b)(c)(d)(e)(h) (Cost: $701,983; Original Acquisition Date: 04/28/2016)		701,983		140,397
Residential Re 2018-II Class 2 (T-Bill 3 Month + 11.810%), 12/06/2022 (b)(c)(d)(e)(f) (Cost: $5,199,599; Original Acquisition Date: 11/15/2018)		5,200,000		5,137,860
Residential Re 2019-I Class 12 (T-Bill 3 Month + 8.150%), 06/06/2023 (b)(c)(d)(e) (Cost: $495,000; Original Acquisition Date: 05/08/2019)		495,000		459,112
Residential Re 2019-I Class 13 (T-Bill 3 Month + 4.650%), 06/06/2023 (b)(c)(d)(e) (Cost: $1,160,001; Original Acquisition Date: 05/08/2019)		1,162,000		1,147,824
Residential Re 2019-II Class 2 (T-Bill 3 Month + 12.390%), 12/06/2023 (b)(c)(d)(e) (Cost: $1,456,000; Original Acquisition Date: 11/05/2019)		1,456,000		1,411,883
Residential Re 2020-I Class 13 (T-Bill 3 Month + 5.500%), 06/06/2024 (b)(c)(d)(e) (Cost: $2,241,000; Original Acquisition Date: 05/27/2020)		2,241,000		2,209,290
Residential Re 2020-II Class 3 (T-Bill 3 Month + 7.980%), 12/06/2024 (b)(c)(d)(e) (Cost: $914,000; Original Acquisition Date: 10/30/2020)		914,000		879,953

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

14

Schedule of Investments as of October 31, 2022

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 28.4% (continued)
Residential Re 2020-II Class 4 (T-Bill 3 Month + 6.180%), 12/06/2024 (b)(c)(d)(e) (Cost: $5,004,693; Original Acquisition Date: 10/30/2020)	$	4,981,000	$	4,825,344
Residential Re 2021-I Class 11 (T-Bill 3 Month + 9.910%), 06/06/2025 (b)(c)(d)(e) (Cost: $9,984,270; Original Acquisition Date: 05/06/2021)		10,000,000		9,184,000
Residential Re 2021-I Class 12 (T-Bill 3 Month + 5.220%), 06/06/2025 (b)(c)(d)(e)(f) (Cost: $6,000,000; Original Acquisition Date: 05/06/2021)		6,000,000		5,644,800
Residential Re 2021-I Class 13 (T-Bill 3 Month + 3.590%), 06/06/2025 (b)(c)(d)(e) (Cost: $6,003,185; Original Acquisition Date: 05/06/2021)		6,000,000		5,655,900
Residential Re 2021-I Class 14 (T-Bill 3 Month + 2.500%), 06/06/2025 (b)(c)(d)(e) (Cost: $7,738,435; Original Acquisition Date: 05/06/2021)		7,750,000		7,314,837
Residential Re 2022-I Class 11 (T-Bill 3 Month + 12.500%), 06/06/2030 (b)(c)(d)(e) (Cost: $3,500,000; Original Acquisition Date: 05/02/2022)		3,500,000		3,375,050
Residential Re 2022-I Class 12 (T-Bill 3 Month + 7.500%), 06/06/2029 (b)(c)(d)(e) (Cost: $5,000,000; Original Acquisition Date: 05/02/2022)		5,000,000		4,850,000
Residential Re 2022-I Class 13 (T-Bill 3 Month + 5.250%), 06/06/2030 (b)(c)(d)(e) (Cost: $12,000,000; Original Acquisition Date: 05/02/2022)		12,000,000		11,646,000
Residential Re 2022-I Class 14 (T-Bill 3 Month + 4.000%), 06/06/2026 (b)(c)(d)(e) (Cost: $15,000,000; Original Acquisition Date: 05/02/2022)		15,000,000		14,472,000
Riverfront Re 2021 Class A (T-Bill 3 Month + 4.240%), 01/07/2025 (b)(c)(d)(e) (Cost: $11,750,000; Original Acquisition Date: 05/21/2021)		11,750,000		11,342,863
Riverfront Re 2021 Class B (T-Bill 3 Month + 6.500%), 01/07/2025 (b)(c)(d)(e) (Cost: $2,750,000; Original Acquisition Date: 05/21/2021)		2,750,000		2,651,688

	PRINCIPAL AMOUNT		VALUE
Multiperil - 28.4% (continued)
Sanders Re II 2020-1 Class A (3 Month Libor USD + 4.250%), 04/07/2024 (b)(c)(d)(e) (Cost: $4,811,000; Original Acquisition Date: 03/18/2020)	$	4,811,000	$	4,758,079
Sanders Re II 2021-1 Class A (T-Bill 3 Month + 3.250%), 04/07/2025 (b)(c)(d)(e) (Cost: $6,250,000; Original Acquisition Date: 05/24/2021)		6,250,000		6,037,188
Sanders Re II 2021-2 Class A (T-Bill 3 Month + 3.090%), 04/07/2025 (b)(c)(d)(e) (Cost: $4,000,000; Original Acquisition Date: 11/23/2021)		4,000,000		3,849,800
Sanders Re II 2021-2 Class B (T-Bill 3 Month + 11.770%), 04/07/2025 (b)(c)(d)(e) (Cost: $1,500,000; Original Acquisition Date: 11/23/2021)		1,500,000		1,452,225
Sanders Re III 2022-1 Class A (SOFR + 3.500%), 04/07/2026 (b)(c)(d)(e) (Cost: $10,000,000; Original Acquisition Date: 03/22/2022)		10,000,000		9,573,000
Sanders Re III 2022-1 Class B (SOFR + 10.750%), 04/07/2026 (b)(c)(d)(e) (Cost: $7,000,000; Original Acquisition Date: 03/22/2022)		7,000,000		6,707,400
Sanders Re III 2022-2 Class A (T-Bill 3 Month + 6.500%), 06/07/2025 (b)(c)(d)(e) (Cost: $10,250,000; Original Acquisition Date: 05/26/2022)		10,250,000		10,057,813
Sanders Re III 2022-2 Class B (T-Bill 3 Month + 8.750%), 06/07/2025 (b)(c)(d)(e)(h) (Cost: $7,000,000; Original Acquisition Date: 05/26/2022)		7,000,000		5,775,000
Stratosphere Re 2020-1 Class A (T-Bill 3 Month + 2.750%), 02/07/2023 (b)(c)(d)(e)(f) (Cost: $1,931,009; Original Acquisition Date: 01/17/2020)		1,932,000		1,914,322
Sussex Capital UK PCC 2020-1 (T-Bill 3 Month + 8.180%), 01/08/2025 (b)(c)(d)(e)(g) (Cost: $15,067,550; Original Acquisition Date: 12/07/2020)		15,000,000		14,467,500
Titania Re 2021-1 Class A (T-Bill 3 Month + 5.030%), 06/21/2024 (b)(c)(d)(e) (Cost: $8,507,644; Original Acquisition Date: 03/24/2022)		8,500,000		8,117,075

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

15

Schedule of Investments as of October 31, 2022

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 28.4% (continued)
Titania Re 2021-2 Class A (T-Bill 3 Month + 6.500%), 12/27/2024 (b)(c)(d)(e) (Cost: $4,500,000; Original Acquisition Date: 12/08/2021)	$	4,500,000	$	4,181,400
Topanga Re 2021-1 Class A (T-Bill 3 Month + 4.750%), 01/08/2026 (b)(c)(d)(e) (Cost: $7,000,000; Original Acquisition Date: 12/08/2021)		7,000,000		6,708,800
Topanga Re 2021-1 Class B (T-Bill 3 Month + 15.000%), 01/08/2024 (b)(c)(d)(e) (Cost: $3,000,000; Original Acquisition Date: 12/08/2021)		3,000,000		2,866,800
Vista Re 2022-1 Class A (T-Bill 3 Month + 14.500%), 05/21/2025 (b)(c)(d)(e) (Cost: $4,500,000; Original Acquisition Date: 04/21/2022)		4,500,000		4,346,550
Yosemite Re 2022-1 Class A (T-Bill 3 Month + 9.750%), 06/06/2025 (b)(c)(d)(e) (Cost: $5,000,000; Original Acquisition Date: 05/31/2022)		5,000,000		4,874,750
				438,841,242
Windstorm - 17.5%
Alamo Re 2020-1 Class A (T-Bill 3 Month + 5.520%), 06/08/2023 (b)(c)(d)(e)(f)(g) (Cost: $21,001,152; Original Acquisition Date: 05/29/2020)		20,930,000		20,487,330
Alamo Re 2021-1 Class A (T-Bill 3 Month + 4.090%), 06/07/2024 (b)(c)(d)(e)(f) (Cost: $34,927,850; Original Acquisition Date: 05/21/2021)		35,000,000		33,430,250
Alamo Re 2022-1 Class A (T-Bill 3 Month + 7.250%), 06/09/2025 (b)(c)(d)(e)(f) (Cost: $10,750,000; Original Acquisition Date: 05/23/2022)		10,750,000		10,443,087
Astro Re 2021-1 Class A (T-Bill 3 Month + 8.750%), 07/08/2025 (b)(c)(d)(e)(g)(h) (Cost: $3,600,000; Original Acquisition Date: 07/06/2021)		3,600,000		1,080,000
Blue Halo Re 2020-1 Class A (T-Bill 3 Month + 13.250%), 06/28/2023 (b)(c)(d)(e)(f) (Cost: $4,884,000; Original Acquisition Date: 06/16/2020)		4,884,000		4,584,855
Bonanza Re 2020-2 Class A (T-Bill 3 Month + 4.750%), 12/23/2024 (b)(c)(d)(e)(h) (Cost: $2,510,000; Original Acquisition Date: 12/15/2020)		2,510,000		1,631,500

	PRINCIPAL AMOUNT		VALUE
Windstorm - 17.5% (continued)
Bonanza Re 2022-2 Class A (T-Bill 3 Month + 5.750%), 03/16/2025 (b)(c)(d)(e) (Cost: $4,500,000; Original Acquisition Date: 03/11/2022)	$	4,500,000	$	2,137,500
Cape Lookout Re 2021-1 Class A (T-Bill 3 Month + 3.220%), 03/22/2024 (b)(c)(d)(e)(f) (Cost: $11,000,000; Original Acquisition Date: 03/09/2021)		11,000,000		10,585,850
Cape Lookout Re 2022-1 Class A (T-Bill 3 Month + 5.000%), 03/28/2025 (b)(c)(d)(e)(f) (Cost: $26,000,000; Original Acquisition Date: 03/16/2022)		26,000,000		25,309,700
Catahoula Re II 2022-1 Class A (T-Bill 3 Month + 9.500%), 06/16/2025 (b)(c)(d)(e)(g) (Cost: $8,500,000; Original Acquisition Date: 06/02/2022)		8,500,000		8,378,025
Catahoula Re II 2022-1 Class B (T-Bill 3 Month + 13.000%), 06/16/2025 (b)(c)(d)(e) (Cost: $8,000,000; Original Acquisition Date: 06/02/2022)		8,000,000		7,882,000
Citrus Re 2022-1 Class A (SOFR + 5.100%), 06/07/2025 (b)(c)(d)(e) (Cost: $6,250,000; Original Acquisition Date: 04/11/2022)		6,250,000		6,147,500
Commonwealth Re 2022-1 Class A (T-Bill 3 Month + 3.500%), 07/08/2025 (b)(c)(d)(e) (Cost: $1,750,000; Original Acquisition Date: 06/15/2022)		1,750,000		1,721,387
Cosaint Re 2021-1 Class A (T-Bill 3 Month + 9.510%), 04/03/2024 (b)(c)(d)(e) (Cost: $7,048,366; Original Acquisition Date: 03/19/2021)		7,000,000		4,620,000
Everglades II 2020-2 A (T-Bill 3 Month + 6.450%), 05/04/2023 (b)(c)(d)(e)(f) (Cost: $2,101,000; Original Acquisition Date: 05/21/2020)		2,101,000		1,948,678
Everglades Re II 2021-1 Class A (T-Bill 3 Month + 5.750%), 05/14/2024 (b)(c)(d)(e) (Cost: $23,750,000; Original Acquisition Date: 05/12/2021)		23,750,000		21,375,000
Everglades Re II 2021-1 Class B (T-Bill 3 Month + 6.750%), 05/14/2024 (b)(c)(d)(e) (Cost: $31,750,000; Original Acquisition Date: 05/12/2021)		31,750,000		28,678,188

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

16

Schedule of Investments as of October 31, 2022

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Windstorm - 17.5% (continued)
Everglades Re II 2021-2 Class A (T-Bill 3 Month + 5.750%), 05/14/2024 (b)(c)(d)(e) (Cost: $28,000,000; Original Acquisition Date: 05/12/2021)	$	28,000,000	$	24,430,000
Everglades Re II 2022-1 Class A (T-Bill 3 Month + 7.750%), 05/19/2025 (b)(c)(d)(e) (Cost: $16,250,000; Original Acquisition Date: 05/19/2022)		16,250,000		14,645,313
First Coast Re 2019-1 Class A (T-Bill 3 Month + 5.660%), 06/07/2023 (b)(c)(d)(e) (Cost: $494,000; Original Acquisition Date: 05/16/2019)		494,000		419,900
First Coast Re III 2021-1 Class A (T-Bill 3 Month + 6.180%), 04/07/2025 (b)(c)(d)(e)(h) (Cost: $3,500,000; Original Acquisition Date: 03/04/2021)		3,500,000		2,712,500
Frontline 2018-1 Class A (T-Bill 3 Month + 0.100%), 07/06/2026 (b)(c)(d)(e)(g) (Cost: $800,000; Original Acquisition Date: 06/12/2018)		800,000		480,000
Gateway Re 2022-1 Class A (T-Bill 3 Month + 8.500%), 05/12/2025 (b)(c)(d)(e) (Cost: $9,500,000; Original Acquisition Date: 04/22/2022)		9,500,000		9,398,350
Hestia Re 2022-1 Class A (T-Bill 3 Month + 9.500%), 04/22/2025 (b)(c)(d)(e) (Cost: $10,000,000; Original Acquisition Date: 04/04/2022)		10,000,000		3,250,000
Integrity Re 2020-1 Class A (3 Month Libor USD + 7.530%), 04/12/2023 (b)(c)(d)(e)(f) (Cost: $7,725,676; Original Acquisition Date: 03/18/2020)		7,689,000		3,460,050
Integrity Re 2022-1 Class A (T-Bill 3 Month + 7.000%), 06/06/2025 (b)(c)(d)(e) (Cost: $6,750,000; Original Acquisition Date: 05/09/2022)		6,750,000		4,725,000
Matterhorn Re Ltd SR2020-5 Class B (3 Month Libor USD + 5.500%), 12/07/2022 (b)(c)(d)(e) (Cost: $5,750,075; Original Acquisition Date: 11/24/2020)		5,750,000		5,744,250
Matterhorn Re SR2022-2 Class A 3.797%, 12/07/2022 (b)(d)(e) (Cost: $1,963,182; Original Acquisition Date: 06/08/2022)		2,000,000		1,952,000

	PRINCIPAL AMOUNT		VALUE
Windstorm - 17.5% (continued)
Merna Re II 2021-2 Class A (T-Bill 3 Month + 5.500%), 07/08/2024 (b)(c)(d)(e) (Cost: $13,500,000; Original Acquisition Date: 06/08/2021)	$	13,500,000	$	9,112,501
Pelican IV Re 2021-1 Class A (T-Bill 3 Month + 2.250%), 05/07/2027 (b)(c)(d)(e)(h) (Cost: $2,750,000; Original Acquisition Date: 04/29/2021)		2,750,000		137
Pelican IV Re 2021-1 Class B (T-Bill 3 Month + 5.355%), 05/07/2027 (b)(c)(d)(e)(h) (Cost: $3,250,000; Original Acquisition Date: 04/29/2021)		3,250,000		163
				270,771,014
				1,016,090,947
TOTAL EVENT LINKED BONDS (Cost $1,500,539,978)				1,327,097,908
QUOTA SHARES AND OTHER REINSURANCE-RELATED SECURITIES - 15.4%
PARTICIPATION NOTES - 5.4%
Global - 5.4%
Multiperil - 5.4%
Alturas Re 2020-1 Class A 03/10/2023 (b)(d)(e)(h)(i) (Cost: $872,566; Original Acquisition Date: 02/19/2021)		872,566		5,847
Eden Re II 2019-1 Class A 03/22/2023 (b)(d)(e)(h)(i) (Cost: $71,858; Original Acquisition Date: 12/14/2018)		71,858		652,192
Eden Re II 2020-1 Class A 03/22/2024 (b)(d)(e)(h)(i)(j) (Cost: $1,275,000; Original Acquisition Date: 12/16/2019)		1,275,000		710,161
Eden Re II 2020-1 Class B 03/22/2024 (b)(d)(e)(h)(i)(j) (Cost: $2,041,180; Original Acquisition Date: 12/26/2019)		2,041,181		1,016,883
Eden Re II 2021-1 Class A 03/21/2025 (b)(d)(e)(h)(i)(j) (Cost: $2,714,047; Original Acquisition Date: 12/14/2020)		2,714,047		2,074,966
Eden Re II 2021-1 Class B 03/21/2025 (b)(d)(e)(h)(i)(j) (Cost: $3,553,580; Original Acquisition Date: 12/21/2020)		3,553,580		2,714,177
Eden Re II 2022-1 Class A 03/20/2026 (b)(d)(e)(h)(i)(j) (Cost: $17,600,000; Original Acquisition Date: 12/14/2021)		17,600,000		14,873,306
Eden Re II 2022-1 Class B 03/20/2026 (b)(d)(e)(h)(i)(j) (Cost: $40,900,000; Original Acquisition Date: 12/17/2021)		40,900,000		34,696,043

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

17

Schedule of Investments as of October 31, 2022

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 5.4% (continued)
Limestone Re 2019-2 A 03/01/2023 (b)(d)(e)(h)(i) (Cost: $25,287; Original Acquisition Date: 06/25/2019)	$	25,287	$	—
Limestone Re 2019-2 B 03/01/2023 (b)(d)(e)(h)(i) (Cost: $62,298; Original Acquisition Date: 06/25/2019)		62,298		—
Limestone Re 2020-1 B 03/01/2024 (b)(d)(e)(h)(i) (Cost: $0; Original Acquisition Date: 12/27/2019)		—		42,600
Phoenix 2 Re Pte. Ltd. 2022-1 Class A 01/04/2028 (b)(d)(e)(h)(j) (Cost: $750,000; Original Acquisition Date: 12/21/2021)		750,000		830,042
Phoenix Re Pte. Ltd. 2022-1 Class B 01/04/2028 (b)(d)(e)(h)(j) (Cost: $2,250,000; Original Acquisition Date: 12/21/2021)		2,250,000		2,291,726
Sector Re V Series 10 Class C 12/01/2025 (b)(e)(h) (Cost: $8,868; Original Acquisition Date: 12/04/2020)		8,868		255,842
Sector Re V Series 2021-Apr Class GL-R 03/01/2026 (b)(e)(h)(j) (Cost: $8,043; Original Acquisition Date: 04/30/2021)		8,043		727,532
Sector Re V Series 2021-Apr Class US-R 03/01/2026 (b)(e)(h) (Cost: $36,271; Original Acquisition Date: 04/30/2021)		36,271		592,915
Sector Re V Series 2021-Dec Class GL-R 12/01/2026 (b)(e)(h)(j) (Cost: $4,000,000; Original Acquisition Date: 12/09/2021)		4,000,000		3,736,033
Sector Re V Series 2022-Apr Class GL-R 03/01/2027 (b)(e)(h)(j) (Cost: $7,333,868; Original Acquisition Date: 04/28/2022)		7,333,868		6,823,993
Sector Re V Series 2022-Apr Class US-R 03/01/2027 (b)(e)(h)(j) (Cost: $8,829,996; Original Acquisition Date: 04/28/2022)		8,829,996		8,046,375
Sector Re V Series 9 Class A 03/01/2023 (b)(e)(h)(j) (Cost: $3,594,375; Original Acquisition Date: 04/24/2019)		3,605,992		2,848,525
Sector Re V Series 9 Class B 03/01/2023 (b)(e)(h)(j) (Cost: $1,279,117; Original Acquisition Date: 04/24/2019)		1,283,254		1,013,696

	PRINCIPAL AMOUNT		VALUE
Multiperil - 5.4% (continued)
Sector Re V Series 9 Class G 03/01/2023 (b)(e)(h) (Cost: $18,772; Original Acquisition Date: 04/24/2019)	$	18,782	$	465,073
TOTAL PARTICIPATION NOTES (Cost $97,225,126)				84,417,927
	SHARES
PREFERENCE SHARES - 10.0%
Global - 10.0%
Multiperil - 10.0%
Arenal (Artex Segregated Account Company) (b)(e)(h)(i)(j) (Cost: $6,614,854; Original Acquisition Date: 05/07/2015)		18,011		2,883,187
Hatteras (Artex Segregated Account Company) (b)(e)(h)(i)(j) (Cost: $30,502,685; Original Acquisition Date: 12/31/2019)		37,256		17,812,324
Hudson Charles 2 (Mt. Logan Re) (b)(e)(h)(j) (Cost: $11,534,500; Original Acquisition Date: 04/02/2014)		11,535		6,548,139
Hudson Charles 3 (Mt. Logan Re) (b)(e)(h)(j) (Cost: $15,350,000; Original Acquisition Date: 06/19/2014)		15,350		8,514,269
Labrador (Horseshoe Re) (b)(e)(h)(i)(j) (Cost: $20,082,000; Original Acquisition Date: 07/22/2022)		20,082		17,822,599
Lyndhurst (Horseshoe Re) (b)(e)(h)(i)(j) (Cost: $27,139,272; Original Acquisition Date: 12/31/2020)		27,200		19,360,802
Madison (Artex Segregated Account Company) (b)(e)(h)(i)(j) (Cost: $1,258,915; Original Acquisition Date: 02/03/2020)		5,011		1,017,056
Peregrine HYR (b)(e)(h)(i)(j) (Cost: $18,022,873; Original Acquisition Date: 12/21/2020)		1,800,000		14,961,188
Rondout (Artex Segregated Account Company) (b)(e)(h)(i)(j) (Cost: $59,939,908; Original Acquisition Date: 05/29/2015)		97,537		63,805,418
Yoho (Artex Segregated Account Company) (b)(e)(h)(i)(j) (Cost: $3,655,959; Original Acquisition Date: 05/17/2016)		39,886		1,544,578
TOTAL PREFERENCE SHARES (Cost $194,100,966)				154,269,560
TOTAL QUOTA SHARES AND OTHER REINSURANCE-RELATED SECURITIES (Cost $291,326,092)				238,687,487

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

18

Schedule of Investments as of October 31, 2022

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	SHARES		VALUE
SHORT-TERM INVESTMENTS - 0.1%
Money Market Fund - 0.1%
Fidelity Institutional Money Market Funds - Government Portfolio - Institutional Class - 2.86% (k)		1,116,631	$	1,116,631
Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class - 2.88% (k)		1,116,630		1,116,630
TOTAL SHORT-TERM INVESTMENTS (Cost $2,233,261)				2,233,261
TOTAL INVESTMENTS (Cost $1,794,099,331) - 101.3%				1,568,018,656
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.3)%				(20,661,275)
TOTAL NET ASSETS - 100.0%			$	1,547,357,381

Principal amounts stated in U.S. dollars unless otherwise stated.

Country shown is geographic area of peril risk.

Percentages are stated as a percent of net assets.

(a) Rounds to zero.

(b) Foreign issued security. Total foreign securities by country of domicile are $1,565,785,395. Foreign concentration is as follows: Bermuda: 81.5%, Cayman Islands: 7.6%, Singapore: 6.4%, Ireland: 2.7%, Supranational: 2.3%, Great Britain: 0.4%, and Hong Kong: 0.3%.

(c) Variable rate security. Reference rates as of October 31, 2022 are as follows: 3 Month Euribor 1.74%, T-Bill 3 Month 4.08%, 3 Month Libor 4.46%, Secured Overnight Financing Rate (SOFR) 3.05%, and SOFR Index 1.05%. Actual reference rates may vary based on the reset date of the security.

(d) Although security is restricted as to resale, the Fund’s Adviser has determined this security to be liquid based upon procedures approved by the Board of Trustees. The aggregate value of these securities at October 31, 2022 was $1,387,005,851, which represented 89.6% of net assets.

(e) Security is restricted as to resale.

(f) All or a portion of the security is pledged as collateral for the Fund’s reverse repurchase agreements.

(g) All or a portion of the security is pledged as collateral for the Fund’s financing facility.

(h) Value determined using significant unobservable inputs.

(i) Security is fair valued by the Adviser Valuation Committee using an insurance industry loss mode pursuant to procedures approved by the Board of Trustees. The aggregate value of these securities is $195,993,327, which represents 12.7% of net assets.

(j) Non-income producing security.

(k) Rate shown is the 7-day effective yield.

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements.

Stone Ridge Funds Annual Report October 31, 2022

19

Schedule of Investments as of October 31, 2022

STONE RIDGE U.S. HEDGED EQUITY FUND

	NUMBER OF CONTRACTS	NOTIONAL AMOUNT		FAIR VALUE
PURCHASED OPTIONS - (a) 0.0%
PUT OPTIONS - (a) 0.0%
CBOE S&P 500 Index, Expires 11/04/2022, Strike Price $3,175.00	25	$	9,679,950	$	250
CBOE S&P 500 Index, Expires 11/04/2022, Strike Price $3,180.00	25		9,679,950		250
CBOE S&P 500 Index, Expires 11/04/2022, Strike Price $3,210.00	26		10,067,148		260
TOTAL PURCHASED OPTIONS (Cost $1,325)					760
		SHARES		FAIR VALUE
SHORT-TERM INVESTMENTS - 101.6%
Money Market Funds - 0.7%
Fidelity Investments Money Market Funds - Government Portfolio - Institutional Class - 2.86% (b)			40,046		40,046
First American Government Obligations Fund - Class Z - 2.92% (b)			40,046		40,046
First American Treasury Obligations Fund - Class Z - 3.06% (b)			40,046		40,046
Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class - 2.88% (b)			40,046		40,046
Short-Term Investments Trust - Treasury Portfolio - Institutional Class - 3.05% (b)			40,046		40,046
					200,230
		PRINCIPAL AMOUNT		FAIR VALUE
U.S. Treasury Bills - 100.9%
1.008%, 11/03/2022 (c)(d)		$	75,000		74,991
0.519%, 12/29/2022 (c)(d)			1,250,000		1,242,310
1.069%, 01/26/2023 (c)(d)			2,125,000		2,104,771
1.121%, 02/23/2023 (c)(d)			4,150,000		4,095,955
1.548%, 03/23/2023 (c)(d)			5,995,000		5,895,807
1.940%, 04/20/2023 (c)(d)			8,325,000		8,153,735
2.279%, 05/18/2023 (c)(d)			1,150,000		1,123,712
2.820%, 06/15/2023 (c)(d)			1,500,000		1,460,568
3.133%, 07/13/2023 (c)(d)			1,200,000		1,164,249
3.183%, 08/10/2023 (c)(d)			1,250,000		1,208,361
3.740%, 09/07/2023 (c)(d)			2,450,000		2,359,677
4.607%, 10/05/2023 (c)(d)			1,025,000		982,393
					29,866,529
TOTAL SHORT-TERM INVESTMENTS (Cost $30,349,310)					30,066,759
TOTAL INVESTMENTS (Cost $30,350,635) - 101.6%					30,067,519
LIABILITIES IN EXCESS OF OTHER ASSETS - (1.6)%					(483,334)
TOTAL NET ASSETS - 100.0%				$	29,584,185

Percentages are stated as a percent of net assets.

(a) Rounds to zero.

(b) Rate shown is the 7-day effective yield.

(c) Rate shown is the effective yield based on purchase price. The calculation assumes the security is held to maturity.

(d) All or a portion of this security is held as collateral for written put options.

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

20

Schedule of Investments as of October 31, 2022

STONE RIDGE U.S. HEDGED EQUITY FUND

Written Options

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		FAIR VALUE
PUT OPTIONS
CBOE S&P 500 Index, Expires 11/02/2022, Strike Price $3,850.00		10	$	3,871,980	$	27,500
CBOE S&P 500 Index, Expires 11/02/2022, Strike Price $3,895.00		8		3,097,584		39,600
CBOE S&P 500 Index, Expires 11/02/2022, Strike Price $3,900.00		8		3,097,584		42,160
CBOE S&P 500 Index, Expires 11/04/2022, Strike Price $3,890.00		5		1,935,990		30,250
CBOE S&P 500 Index, Expires 11/04/2022, Strike Price $3,895.00		10		3,871,980		63,600
CBOE S&P 500 Index, Expires 11/04/2022, Strike Price $3,900.00		11		4,259,178		72,710
CBOE S&P 500 Index, Expires 11/07/2022, Strike Price $3,875.00		10		3,871,980		57,200
CBOE S&P 500 Index, Expires 11/07/2022, Strike Price $3,880.00		14		5,420,772		83,580
TOTAL PUT OPTIONS (Premiums Received $423,195)						416,600
TOTAL WRITTEN OPTIONS (Premiums Received $423,195)					$	416,600

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements.

Stone Ridge Funds Annual Report October 31, 2022

21

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	ACQUISTION DATE	PRINCIPAL AMOUNT		COST		FAIR VALUE
ASSET-BACKED SECURITIES - 7.9%
United States - 7.9%
AMSR 2022-SFR3 Trust (a)(b)(c)	8/11/2022	$	2,000,000	$	1,707,412	$	1,709,356
Freed ABS Trust 2022-3FP (a)(b)(d)	6/28/2022		2,270,000		2,201,785		2,221,842
Freed ABS Trust 2022-4FP (a)(b)(d)	10/21/2022		550,000		549,929		549,929
Lendingpoint Asset Securitization Trust 2022-C (a)(b)(d)	9/23/2022		3,000,000		2,871,849		2,870,349
Marlette FDG TR 2022-02 (a)(b)(d)	6/28/2022		1,000,000		984,948		993,306
Progress Re 2021-SFR1 (a)(b)(c)	2/11/2021		1,750,000		1,749,957		1,521,879
Progress Re 2021-SFR10 (a)(b)(c)	11/19/2021		5,000,000		4,999,872		4,018,420
Progress Re 2021-SFR2 (a)(b)(c)	4/7/2021		3,000,000		2,999,930		2,595,530
Progress Re 2022-SFR3 (a)(b)(c)	4/5/2022		3,000,000		2,917,628		2,733,327
Progress Re 2022-SFR5 (a)(b)(c)	6/10/2022		1,000,000		993,767		953,068
Upgrade MSTR CR PT TR 2021-ST3 (a)(b)(d)	5/27/2021		1,419,000		543,055		252,141
Upstart Pass-Through 2021-ST3 (a)(b)(d)	4/8/2021		2,850,000		1,216,921		1,252,154
Upstart Pass-Through 2021-ST4 (a)(b)(d)	5/13/2021		3,060,000		1,449,751		1,451,595
Upstart Pass-Through 2021-ST5 (a)(b)(d)	6/3/2021		1,000,000		591,781		591,590
Upstart Securitization 2022-1 (a)(b)(d)	4/1/2022		4,200,000		4,034,044		3,745,671
Upstart Securitization 2022-2 (a)(b)(d)	5/26/2022		3,150,000		3,133,513		3,064,829
Upstart Securitization 2022-3 (a)(b)(d)	6/29/2022		3,600,000		3,529,864		3,533,105
Upstart Securitization 2022-4 (a)(b)(d)	8/16/2022		1,214,000		1,213,697		1,203,763
Upstart Structured Pass Through Trust 2022-4A (a)(b)(d)	10/17/2022		500,000		474,510		474,301
TOTAL ASSET-BACKED SECURITIES (Cost $38,164,213)							35,736,155
				SHARES		FAIR VALUE
INVESTMENT COMPANIES - 43.9%
Open-End Mutual Funds - 43.9%
Stone Ridge High Yield Reinsurance Risk Premium Fund - Class I (e)					24,493,586		198,153,111
TOTAL INVESTMENT COMPANIES (Cost $218,424,974)							198,153,111
		NUMBER OF CONTRACTS		NOTIONAL AMOUNT		FAIR VALUE
PURCHASED OPTIONS (f) - 0.0%
Put Options (f) - 0.0%
S&P 500 Index, Expires: 11/11/22, Strike Price: $2,500.00			140		54,207,720		350
S&P 500 Index, Expires: 11/11/22, Strike Price: $2,600.00			140		54,207,720		1,050
S&P 500 Index, Expires: 11/25/22, Strike Price: $3,000.00			160		61,951,680		21,200
S&P 500 Index, Expires: 11/25/22, Strike Price: $3,050.00			80		30,975,840		12,600
Sugar Future, Expires: 11/15/22, Strike Price: $15.50			79		1,589,986		885
Sugar Future, Expires: 11/15/22, Strike Price: $15.75			76		1,529,606		851
Sugar Future, Expires: 11/15/22, Strike Price: $16.00			75		1,509,480		840
Sugar Future, Expires: 11/15/22, Strike Price: $16.25			72		1,449,101		1,613
Sugar Future, Expires: 11/15/22, Strike Price: $16.50			70		1,408,848		1,568
TOTAL PUT OPTIONS (Cost $147,839)							40,957
Call Options (f) - 0.0%
Sugar Future, Expires: 11/15/22, Strike Price: $17.75			60		1,207,584		29,568
Sugar Future, Expires: 11/15/22, Strike Price: $18.00			58		1,167,331		19,488
Sugar Future, Expires: 11/15/22, Strike Price: $18.25			57		1,147,205		12,768
Sugar Future, Expires: 11/15/22, Strike Price: $18.50			55		1,106,952		8,008
Sugar Future, Expires: 11/15/22, Strike Price: $20.75			18		362,275		202
Sugar Future, Expires: 11/15/22, Strike Price: $21.00			41		825,182		459
TOTAL CALL OPTIONS (Cost $105,550)							70,493
TOTAL PURCHASED OPTIONS (Cost $253,389)							111,450

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

22

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	SHARES		FAIR VALUE
SHORT-TERM INVESTMENTS - 37.9%
Money Market Funds - 6.3%
First American Government Obligations Fund - Class X 2.92% (g)		14,105,191	$	14,105,191
Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class 2.88% (g)		14,105,191		14,105,191
				28,210,382
	PRINCIPAL AMOUNT		FAIR VALUE
U.S. Treasury Bills - 31.6%
1.172%, 2/23/2023 (h)(i)	$	12,139,000		11,980,915
1.707%, 3/23/2023 (h)(i)		11,000,000		10,817,994
1.979%, 4/20/2023 (h)(i)		31,300,000		30,656,085
2.100%, 5/18/2023 (h)(i)		12,000,000		11,725,688
2.717%, 6/15/2023 (h)(i)		3,000,000		2,921,135
3.012%, 7/13/2023 (h)(i)		29,400,000		28,524,113
3.395%, 8/10/2023 (h)(i)		18,000,000		17,400,398
4.087%, 9/7/2023 (h)(i)		22,000,000		21,188,941
4.543%, 10/5/2023 (h)(i)		8,000,000		7,667,458
				142,882,727
TOTAL SHORT-TERM INVESTMENTS (Cost $172,345,221)				171,093,109

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
WHOLE LOANS - 11.1%
Consumer Loans - 11.1%
United States - 11.1%
185043849.SRDLC, 13.49%, 02/10/2027 (a)(j)	Lending Club		02/14/2022	$	11,141	$	11,141	$	10,798
185102286.SRDLC, 8.99%, 02/16/2025 (a)(j)	Lending Club		02/11/2022		6,819		6,819		6,727
185222071.SRDLC, 14.19%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		2,715		2,715		2,642
185240121.SRDLC, 14.99%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		22,812		22,812		22,203
185241731.SRDLC, 18.49%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		11,874		11,874		11,363
185262054.SRDLC, 8.99%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		19,209		19,209		18,943
185262514.SRDLC, 27.99%, 02/23/2025 (a)(j)	Lending Club		02/16/2022		5,961		5,961		5,738
185340369.SRDLC, 21.49%, 02/18/2027 (a)(j)	Lending Club		02/23/2022		11,019		11,019		10,515
185362448.SRDLC, 20.99%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		4,970		4,970		4,773
185388732.SRDLC, 6.49%, 02/15/2025 (a)(j)	Lending Club		02/16/2022		3,972		3,972		3,919
185434476.SRDLC, 9.59%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		12,028		12,028		11,795
185456190.SRDLC, 12.49%, 02/08/2025 (a)(j)	Lending Club		02/16/2022		11,293		11,293		10,981
185513199.SRDLC, 28.99%, 02/24/2027 (a)(j)	Lending Club		02/28/2022		3,362		3,362		3,214
185537602.SRDLC, 11.49%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		35,892		35,892		35,058
185539968.SRDLC, 23.99%, 02/23/2027 (a)(j)	Lending Club		02/16/2022		5,585		5,585		5,342
185575065.SRDLC, 24.99%, 02/25/2027 (a)(j)(k)	Lending Club		03/01/2022		12,332		12,332		11,763
185617758.SRDLC, 12.99%, 02/18/2025 (a)(j)	Lending Club		02/11/2022		16,514		16,514		16,083
185623354.SRDLC, 9.24%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		25,632		25,632		25,151
185642943.SRDLC, 14.71%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		4,660		4,660		4,533
185661524.SRDLC, 5.99%, 02/29/2024 (a)(j)	Lending Club		02/18/2022		6,818		6,818		6,759
185665084.SRDLC, 9.24%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		8,009		8,009		7,854
185668066.SRDLC, 5.99%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		23,790		23,790		23,452
185670728.SRDLC, 7.49%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		6,440		6,440		6,358
185670829.SRDLC, 12.49%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		6,470		6,470		6,297
185710985.SRDLC, 9.49%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		12,850		12,850		12,550
185716280.SRDLC, 7.49%, 02/25/2025 (a)(j)	Lending Club		03/01/2022		9,561		9,561		9,429
185741639.SRDLC, 17.94%, 02/13/2025 (a)(j)	Lending Club		02/15/2022		8,225		8,225		7,963
185754712.SRDLC, 7.74%, 02/10/2025 (a)(j)	Lending Club		02/14/2022		9,568		9,568		9,434
185771295.SRDLC, 7.24%, 02/28/2025 (a)(j)	Lending Club		02/24/2022		3,987		3,987		3,934

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

23

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
185780292.SRDLC, 21.49%, 02/10/2027 (a)(j)	Lending Club		02/14/2022	$	16,555	$	16,555	$	15,747
185783823.SRDLC, 11.19%, 02/28/2027 (a)(j)	Lending Club		02/24/2022		8,995		8,995		8,782
185790106.SRDLC, 18.99%, 02/24/2025 (a)(j)	Lending Club		02/15/2022		29,075		29,075		28,048
185805124.SRDLC, 12.49%, 02/15/2025 (a)(j)	Lending Club		02/17/2022		24,269		24,269		23,649
185807144.SRDLC, 15.99%, 02/09/2027 (a)(j)	Lending Club		02/11/2022		36,316		36,315		35,013
185808493.SRDLC, 8.99%, 02/28/2027 (a)(j)	Lending Club		02/23/2022		12,069		12,069		11,857
185811543.SRDLC, 22.99%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		55		55		54
185816655.SRDLC, 8.74%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		7,429		7,429		7,323
185816728.SRDLC, 10.99%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		14,414		14,414		14,145
185818512.SRDLC, 12.74%, 02/15/2027 (a)(j)	Lending Club		03/02/2022		35,828		35,828		34,729
185821978.SRDLC, 6.49%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		15,885		15,885		15,666
185836040.SRDLC, 4.99%, 02/20/2025 (a)(j)	Lending Club		02/15/2022		19,003		19,003		18,744
185865725.SRDLC, 11.49%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		9,678		9,678		9,496
185866588.SRDLC, 20.44%, 02/28/2027 (a)(j)	Lending Club		02/16/2022		22,451		22,451		21,584
185884862.SRDLC, 30.49%, 06/22/2025 (a)(j)(k)	Lending Club		02/24/2022		5,065		5,065		4,889
185885230.SRDLC, 17.19%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		13,659		13,659		13,214
185890987.SRDLC, 16.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		8,841		8,841		8,534
185891666.SRDLC, 14.94%, 02/24/2027 (a)(j)(k)	Lending Club		02/28/2022		25,900		25,900		25,138
185919562.SRDLC, 18.19%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		8,455		8,455		8,099
185924532.SRDLC, 8.99%, 02/17/2027 (a)(j)	Lending Club		02/22/2022		35,016		35,016		34,381
185930253.SRDLC, 7.09%, 02/24/2027 (a)(j)	Lending Club		02/28/2022		14,179		14,179		13,914
185933330.SRDLC, 22.99%, 02/25/2025 (a)(j)	Lending Club		03/01/2022		12,491		12,491		12,057
185933778.SRDLC, 13.99%, 02/10/2025 (a)(j)	Lending Club		02/14/2022		10,784		10,784		10,492
185941933.SRDLC, 5.99%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		12,688		12,688		12,509
185947404.SRDLC, 16.74%, 02/15/2027 (a)(j)	Lending Club		02/17/2022		31,494		31,494		30,403
185965085.SRDLC, 4.99%, 02/11/2027 (a)(j)	Lending Club		02/15/2022		13,209		13,209		12,955
185970566.SRDLC, 5.09%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		2,175		2,175		2,144
185982944.SRDLC, 5.99%, 02/15/2025 (a)(j)	Lending Club		02/11/2022		2,382		2,382		2,349
185983273.SRDLC, 5.09%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		14,629		14,629		14,420
185987276.SRDLC, 11.69%, 02/02/2025 (a)(j)	Lending Club		02/11/2022		12,067		12,067		11,829
185994538.SRDLC, 10.09%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		32,123		32,123		31,498
185995458.SRDLC, 8.99%, 02/15/2027 (a)(j)	Lending Club		02/17/2022		13,366		13,366		13,118
186000295.SRDLC, 25.99%, 02/17/2027 (a)(j)(k)	Lending Club		02/16/2022		13,425		13,425		2,045
186000552.SRDLC, 12.74%, 02/15/2025 (a)(j)	Lending Club		02/11/2022		9,740		9,740		9,485
186002006.SRDLC, 5.94%, 02/28/2025 (a)(j)	Lending Club		02/18/2022		8,609		8,609		8,484
186004968.SRDLC, 6.59%, 02/28/2025 (a)(j)(k)	Lending Club		03/02/2022		7,762		7,761		1,129
186008277.SRDLC, 17.94%, 02/23/2025 (a)(j)(k)	Lending Club		02/25/2022		31,182		31,182		4,801
186008308.SRDLC, 11.24%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		9,670		9,670		9,490
186008372.SRDLC, 7.24%, 03/07/2025 (a)(j)	Lending Club		03/04/2022		7,902		7,902		7,794
186012573.SRDLC, 7.09%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		7,957		7,957		7,846
186016502.SRDLC, 14.19%, 04/19/2027 (a)(j)	Lending Club		03/08/2022		22,140		22,140		21,528
186016736.SRDLC, 6.59%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		15,292		15,292		14,998
186019656.SRDLC, 23.99%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		5,009		5,009		4,813
186019990.SRDLC, 8.24%, 02/15/2025 (a)(j)	Lending Club		02/17/2022		11,978		11,978		11,812
186020936.SRDLC, 7.99%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		2,394		2,394		2,360
186023728.SRDLC, 5.99%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		6,344		6,344		6,254
186024590.SRDLC, 6.59%, 02/09/2027 (a)(j)	Lending Club		02/11/2022		13,273		13,273		13,019
186025925.SRDLC, 14.19%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		13,744		13,744		13,319
186029660.SRDLC, 6.59%, 02/15/2027 (a)(j)	Lending Club		02/17/2022		25,661		25,661		25,176
186031815.SRDLC, 11.99%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		9,692		9,692		9,501
186034822.SRDLC, 9.49%, 02/16/2027 (a)(j)	Lending Club		02/18/2022		26,770		26,770		26,128
186035989.SRDLC, 6.49%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		5,719		5,719		5,637
186036775.SRDLC, 8.49%, 02/11/2025 (a)(j)	Lending Club		02/11/2022		15,993		15,993		15,778
186036790.SRDLC, 7.44%, 02/15/2027 (a)(j)	Lending Club		02/17/2022		31,048		31,048		30,465
186038132.SRDLC, 24.99%, 03/03/2027 (a)(j)	Lending Club		03/01/2022		18,188		18,188		17,248
186038736.SRDLC, 10.49%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		8,040		8,040		7,890
186039362.SRDLC, 7.24%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		2,938		2,938		2,906

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

24

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186040653.SRDLC, 12.69%, 02/14/2027 (a)(j)	Lending Club		02/16/2022	$	36,008	$	36,008	$	34,908
186041625.SRDLC, 17.99%, 03/19/2025 (a)(j)	Lending Club		03/09/2022		21,263		21,492		21,079
186050704.SRDLC, 13.04%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		3,240		3,240		3,151
186051440.SRDLC, 23.49%, 02/09/2027 (a)(j)	Lending Club		02/11/2022		13,856		13,856		13,169
186052585.SRDLC, 26.49%, 02/21/2025 (a)(j)	Lending Club		02/14/2022		8,040		8,040		7,755
186052715.SRDLC, 10.24%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		18,242		18,242		17,803
186058758.SRDLC, 5.09%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		17,397		17,397		17,148
186058908.SRDLC, 17.69%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		3,694		3,694		3,571
186059526.SRDLC, 12.19%, 02/10/2027 (a)(j)	Lending Club		02/14/2022		9,889		9,889		9,583
186060302.SRDLC, 5.99%, 02/17/2025 (a)(j)	Lending Club		02/22/2022		19,825		19,825		19,550
186061425.SRDLC, 6.59%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		15,890		15,890		15,664
186063741.SRDLC, 20.49%, 03/04/2025 (a)(j)(k)	Lending Club		03/08/2022		13,313		13,485		5,561
186063949.SRDLC, 4.99%, 02/10/2025 (a)(j)	Lending Club		02/14/2022		3,162		3,162		3,117
186064509.SRDLC, 5.59%, 02/09/2025 (a)(j)	Lending Club		02/11/2022		2,772		2,772		2,732
186068704.SRDLC, 8.49%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		26,952		26,952		26,577
186070979.SRDLC, 7.24%, 02/10/2025 (a)(j)	Lending Club		02/14/2022		3,980		3,980		3,925
186075189.SRDLC, 28.99%, 02/11/2027 (a)(j)	Lending Club		02/15/2022		9,340		9,340		8,890
186078991.SRDLC, 13.74%, 03/28/2027 (a)(j)	Lending Club		02/14/2022		8,849		8,849		8,601
186080289.SRDLC, 6.49%, 02/10/2025 (a)(j)	Lending Club		02/14/2022		5,560		5,560		5,481
186083977.SRDLC, 10.24%, 02/10/2027 (a)(j)	Lending Club		02/14/2022		7,601		7,601		7,417
186084237.SRDLC, 5.99%, 02/16/2025 (a)(j)	Lending Club		02/14/2022		12,705		12,705		12,532
186084600.SRDLC, 7.59%, 02/15/2027 (a)(j)	Lending Club		02/11/2022		33,775		33,775		33,148
186086541.SRDLC, 24.99%, 02/11/2027 (a)(j)(k)	Lending Club		02/15/2022		9,047		9,046		8,608
186087410.SRDLC, 11.99%, 02/09/2025 (a)(j)(k)	Lending Club		02/11/2022		10,288		10,288		2,048
186088225.SRDLC, 24.99%, 02/22/2027 (a)(j)(k)	Lending Club		02/23/2022		23,478		23,478		22,559
186089886.SRDLC, 16.94%, 02/09/2027 (a)(j)	Lending Club		02/11/2022		16,422		16,422		15,858
186092349.SRDLC, 15.99%, 02/14/2027 (a)(j)	Lending Club		02/11/2022		18,204		18,204		17,592
186094747.SRDLC, 10.59%, 02/24/2025 (a)(j)	Lending Club		02/22/2022		18,549		18,549		18,215
186094950.SRDLC, 6.99%, 02/16/2025 (a)(j)	Lending Club		02/18/2022		6,563		6,563		6,471
186096639.SRDLC, 7.59%, 02/10/2027 (a)(j)	Lending Club		02/14/2022		34,612		34,612		33,959
186098721.SRDLC, 12.24%, 02/11/2027 (a)(j)	Lending Club		02/15/2022		29,177		29,177		28,279
186100035.SRDLC, 16.99%, 02/18/2025 (a)(j)	Lending Club		02/14/2022		4,035		4,035		3,905
186103667.SRDLC, 5.99%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		12,688		12,688		12,509
186106421.SRDLC, 5.99%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		14,274		14,274		14,077
186106808.SRDLC, 23.49%, 02/10/2027 (a)(j)	Lending Club		02/14/2022		6,466		6,466		6,151
186107208.SRDLC, 18.49%, 02/10/2027 (a)(j)	Lending Club		02/14/2022		12,788		12,788		12,229
186107664.SRDLC, 11.99%, 02/22/2025 (a)(j)	Lending Club		02/14/2022		32,471		32,471		31,896
186108436.SRDLC, 10.49%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		4,806		4,806		4,713
186108490.SRDLC, 14.99%, 02/10/2027 (a)(j)	Lending Club		02/14/2022		7,245		7,245		7,023
186110286.SRDLC, 9.24%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		4,405		4,405		4,323
186115028.SRDLC, 22.99%, 03/03/2025 (a)(j)(k)	Lending Club		03/07/2022		4,657		4,718		1,991
186116099.SRDLC, 18.19%, 02/10/2027 (a)(j)	Lending Club		02/14/2022		7,302		7,302		6,983
186118888.SRDLC, 29.49%, 03/02/2027 (a)(j)	Lending Club		03/04/2022		14,156		14,156		13,413
186118898.SRDLC, 10.59%, 02/17/2025 (a)(j)	Lending Club		02/22/2022		16,085		16,085		15,782
186119179.SRDLC, 27.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		2,592		2,621		2,548
186119250.SRDLC, 16.19%, 02/28/2025 (a)(j)	Lending Club		02/23/2022		4,933		4,933		4,783
186120139.SRDLC, 12.74%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		4,452		4,452		4,332
186120864.SRDLC, 23.49%, 03/20/2027 (a)(j)	Lending Club		03/15/2022		17,387		17,387		16,626
186122704.SRDLC, 14.49%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		6,284		6,284		6,115
186124468.SRDLC, 9.34%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		11,596		11,596		11,322
186126018.SRDLC, 19.99%, 02/24/2027 (a)(j)	Lending Club		02/28/2022		8,089		8,089		7,762
186127839.SRDLC, 15.19%, 02/11/2027 (a)(j)	Lending Club		02/15/2022		5,889		5,889		5,682
186129128.SRDLC, 13.24%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		20,549		20,549		19,994
186130342.SRDLC, 5.99%, 02/17/2025 (a)(j)	Lending Club		02/15/2022		28,585		28,585		28,198
186131293.SRDLC, 15.19%, 02/26/2027 (a)(j)	Lending Club		02/15/2022		12,698		12,698		12,303
186133242.SRDLC, 9.34%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		4,805		4,805		4,711
186133493.SRDLC, 14.49%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		14,644		14,644		14,249

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

25

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186134601.SRDLC, 6.59%, 02/11/2025 (a)(j)	Lending Club		02/15/2022	$	3,933	$	3,933	$	3,877
186134822.SRDLC, 8.99%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		2,766		2,766		2,729
186135609.SRDLC, 10.49%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		8,040		8,040		7,884
186135953.SRDLC, 19.99%, 02/24/2027 (a)(j)	Lending Club		02/15/2022		7,398		7,398		7,093
186136661.SRDLC, 6.49%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		7,147		7,147		7,047
186137516.SRDLC, 23.49%, 02/11/2027 (a)(j)	Lending Club		02/15/2022		23,094		23,094		21,984
186137950.SRDLC, 4.99%, 02/28/2027 (a)(j)	Lending Club		02/16/2022		24,717		24,717		24,260
186139201.SRDLC, 15.99%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		8,170		8,170		7,895
186139447.SRDLC, 15%, 08/25/2027 (a)(j)(k)	Lending Club		02/16/2022		35,389		35,389		18,173
186139498.SRDLC, 12.49%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		8,088		8,088		7,870
186143484.SRDLC, 18.44%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		3,807		3,807		3,648
186144111.SRDLC, 12.34%, 02/23/2025 (a)(j)	Lending Club		02/15/2022		8,120		8,120		7,923
186144333.SRDLC, 6.59%, 02/16/2027 (a)(j)	Lending Club		02/15/2022		12,981		12,981		12,737
186145906.SRDLC, 13.69%, 02/11/2027 (a)(j)	Lending Club		02/15/2022		19,858		19,858		19,274
186147186.SRDLC, 18.49%, 02/16/2027 (a)(j)	Lending Club		02/15/2022		5,498		5,498		5,268
186149504.SRDLC, 30.99%, 02/11/2027 (a)(j)	Lending Club		02/15/2022		18,749		18,749		17,848
186152098.SRDLC, 22.99%, 02/15/2025 (a)(j)	Lending Club		02/15/2022		8,355		8,355		8,041
186152237.SRDLC, 18.49%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		12,788		12,788		12,237
186153238.SRDLC, 7.49%, 02/18/2025 (a)(j)	Lending Club		02/15/2022		31,948		31,948		31,521
186154920.SRDLC, 4.99%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		15,020		15,020		14,807
186156292.SRDLC, 14.49%, 02/11/2027 (a)(j)	Lending Club		02/15/2022		14,471		14,471		14,030
186156482.SRDLC, 24.99%, 02/11/2027 (a)(j)	Lending Club		02/15/2022		18,533		18,533		17,638
186158244.SRDLC, 22.99%, 02/11/2025 (a)(j)	Lending Club		02/15/2022		2,498		2,498		2,400
186160074.SRDLC, 16.94%, 02/25/2027 (a)(j)	Lending Club		03/01/2022		8,190		8,190		7,921
186161317.SRDLC, 23.19%, 03/02/2027 (a)(j)	Lending Club		03/04/2022		18,668		18,668		17,692
186161926.SRDLC, 9.84%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		16,321		16,321		16,012
186163058.SRDLC, 20.44%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		5,506		5,506		5,279
186163232.SRDLC, 8.99%, 02/18/2025 (a)(j)	Lending Club		02/16/2022		8,014		8,014		7,908
186163249.SRDLC, 6.49%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		2,868		2,868		2,831
186163618.SRDLC, 5.99%, 02/18/2025 (a)(j)	Lending Club		02/16/2022		15,080		15,080		14,876
186164619.SRDLC, 9.84%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		26,479		26,479		25,966
186165363.SRDLC, 7.59%, 02/15/2027 (a)(j)	Lending Club		02/17/2022		8,875		8,875		8,708
186165439.SRDLC, 8.74%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		17,672		17,672		17,425
186168326.SRDLC, 14.01%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		8,781		8,781		8,517
186169162.SRDLC, 21.49%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		1,071		1,071		1,037
186169655.SRDLC, 7.24%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		4,777		4,777		4,710
186170254.SRDLC, 4.99%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		18,182		18,182		17,924
186170688.SRDLC, 9.49%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		17,847		17,847		17,416
186171063.SRDLC, 20.99%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		22,046		22,046		21,101
186173853.SRDLC, 5.99%, 02/17/2025 (a)(j)	Lending Club		02/22/2022		31,720		31,720		31,280
186176306.SRDLC, 9.24%, 02/25/2025 (a)(j)	Lending Club		02/16/2022		16,078		16,078		15,792
186176757.SRDLC, 9.09%, 02/05/2025 (a)(j)	Lending Club		02/16/2022		4,306		4,306		4,226
186177397.SRDLC, 7.84%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		27,915		27,915		27,526
186177952.SRDLC, 9.34%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		28,044		28,044		27,500
186178681.SRDLC, 22.99%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		4,996		4,996		4,804
186180834.SRDLC, 9.09%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		2,697		2,697		2,646
186182819.SRDLC, 7.24%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		9,553		9,553		9,420
186183312.SRDLC, 18.99%, 02/26/2027 (a)(j)	Lending Club		02/16/2022		8,283		8,283		7,942
186183710.SRDLC, 6.49%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		8,300		8,300		8,183
186187343.SRDLC, 9.34%, 02/17/2025 (a)(j)	Lending Club		02/22/2022		7,198		7,198		7,062
186188347.SRDLC, 15.24%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		8,156		8,156		7,870
186192404.SRDLC, 11.49%, 03/01/2025 (a)(j)	Lending Club		02/24/2022		1,836		1,836		1,800
186193863.SRDLC, 21.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		6,649		6,721		6,558
186193980.SRDLC, 6.74%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		11,923		11,923		11,756
186194140.SRDLC, 7.49%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		7,967		7,967		7,856
186194306.SRDLC, 6.99%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		14,319		14,319		14,118
186198172.SRDLC, 8.99%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		29,214		29,214		28,809

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

26

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186199812.SRDLC, 16.44%, 02/14/2025 (a)(j)	Lending Club		02/16/2022	$	4,908	$	4,908	$	4,745
186200044.SRDLC, 20.99%, 02/14/2027 (a)(j)(k)	Lending Club		02/16/2022		33,761		33,761		4,909
186203190.SRDLC, 29.99%, 02/24/2027 (a)(j)	Lending Club		02/28/2022		17,218		17,218		16,457
186203478.SRDLC, 6.99%, 02/10/2025 (a)(j)	Lending Club		02/16/2022		4,668		4,668		4,604
186204014.SRDLC, 10.19%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		12,517		12,517		12,224
186204229.SRDLC, 10.99%, 02/17/2025 (a)(j)	Lending Club		02/22/2022		4,876		4,876		4,788
186205484.SRDLC, 23.99%, 02/14/2025 (a)(j)(k)	Lending Club		02/16/2022		535		535		78
186205905.SRDLC, 8.59%, 02/15/2027 (a)(j)	Lending Club		02/17/2022		12,461		12,461		12,229
186207781.SRDLC, 9.49%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		22,309		22,309		21,770
186208596.SRDLC, 4.99%, 02/16/2027 (a)(j)	Lending Club		02/16/2022		28,188		28,188		27,660
186208796.SRDLC, 11.84%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		7,760		7,760		7,615
186210843.SRDLC, 5.99%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		19,825		19,825		19,546
186211572.SRDLC, 14.99%, 02/28/2027 (a)(j)	Lending Club		02/16/2022		4,558		4,558		4,441
186212884.SRDLC, 9.99%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		10,723		10,723		10,472
186215262.SRDLC, 15.44%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		2,447		2,447		2,366
186217507.SRDLC, 24.49%, 02/15/2025 (a)(j)	Lending Club		02/17/2022		12,540		12,540		12,060
186219997.SRDLC, 6.99%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		26,578		26,578		26,076
186222490.SRDLC, 17.19%, 02/16/2027 (a)(j)	Lending Club		02/18/2022		36,423		36,423		35,170
186223918.SRDLC, 7.59%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		15,975		15,975		15,674
186226030.SRDLC, 23.49%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		9,237		9,237		8,795
186227457.SRDLC, 12.49%, 02/28/2025 (a)(j)	Lending Club		02/16/2022		3,313		3,313		3,225
186227792.SRDLC, 14.19%, 03/02/2025 (a)(j)	Lending Club		03/04/2022		16,744		16,744		16,267
186228314.SRDLC, 12.49%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		12,132		12,132		11,807
186229168.SRDLC, 12.19%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		8,081		8,081		7,864
186230040.SRDLC, 8.24%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		1,278		1,278		1,260
186230332.SRDLC, 15.44%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		8,157		8,157		7,900
186230437.SRDLC, 13.24%, 02/10/2025 (a)(j)	Lending Club		02/16/2022		9,292		9,291		9,048
186231687.SRDLC, 4.99%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		14,090		14,090		13,826
186232036.SRDLC, 10.99%, 02/15/2025 (a)(j)	Lending Club		02/17/2022		9,663		9,663		9,477
186232907.SRDLC, 5.09%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		8,698		8,698		8,575
186233955.SRDLC, 6.49%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		7,942		7,942		7,831
186235024.SRDLC, 5.99%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		3,965		3,965		3,909
186237910.SRDLC, 23.49%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		18,473		18,473		17,588
186239039.SRDLC, 5.09%, 02/14/2025 (a)(j)	Lending Club		02/16/2022		10,297		10,297		10,157
186240458.SRDLC, 17.24%, 02/14/2027 (a)(j)	Lending Club		02/16/2022		27,320		27,320		26,370
186240797.SRDLC, 13.49%, 02/15/2027 (a)(j)	Lending Club		02/17/2022		13,212		13,212		12,818
186243917.SRDLC, 8.49%, 03/07/2025 (a)(j)(k)	Lending Club		03/09/2022		27,780		27,780		4,039
186243926.SRDLC, 5.09%, 02/15/2025 (a)(j)	Lending Club		02/17/2022		17,397		17,397		17,151
186245604.SRDLC, 5.99%, 02/15/2025 (a)(j)(k)	Lending Club		02/17/2022		24,364		24,364		3,543
186253758.SRDLC, 10.49%, 02/16/2025 (a)(j)	Lending Club		02/18/2022		28,945		28,945		28,391
186253866.SRDLC, 6.49%, 02/15/2025 (a)(j)	Lending Club		02/17/2022		7,942		7,942		7,831
186254716.SRDLC, 9.59%, 02/15/2025 (a)(j)	Lending Club		02/17/2022		12,028		12,028		11,796
186255930.SRDLC, 21.49%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		12,317		12,317		11,868
186258464.SRDLC, 24.99%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		18,730		18,730		17,795
186261645.SRDLC, 9.84%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		9,107		9,107		8,938
186262246.SRDLC, 23.99%, 02/28/2027 (a)(j)(k)	Lending Club		02/22/2022		28,539		28,539		27,139
186263107.SRDLC, 23.99%, 02/15/2027 (a)(j)	Lending Club		02/17/2022		22,794		22,794		21,712
186263527.SRDLC, 15.94%, 02/15/2027 (a)(j)	Lending Club		02/17/2022		30,864		30,864		29,793
186263569.SRDLC, 10.54%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		15,279		15,279		14,995
186263958.SRDLC, 12.99%, 02/14/2025 (a)(j)	Lending Club		02/28/2022		8,066		8,066		7,850
186264535.SRDLC, 30.99%, 03/08/2027 (a)(j)(k)	Lending Club		02/28/2022		19,406		19,406		1,583
186264830.SRDLC, 9.34%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		19,623		19,623		19,161
186265083.SRDLC, 14.69%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		31,663		31,663		30,739
186266713.SRDLC, 8.99%, 02/16/2027 (a)(j)	Lending Club		02/18/2022		21,386		21,386		20,990
186266842.SRDLC, 10.49%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		2,412		2,412		2,367
186269763.SRDLC, 10.24%, 02/16/2027 (a)(j)	Lending Club		02/18/2022		10,731		10,731		10,474
186270920.SRDLC, 18.99%, 02/24/2025 (a)(j)(k)	Lending Club		02/28/2022		2,744		2,744		219

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

27

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186271797.SRDLC, 9.24%, 02/16/2025 (a)(j)	Lending Club		02/18/2022	$	24,030	$	24,030	$	23,568
186271799.SRDLC, 20.49%, 02/15/2027 (a)(j)	Lending Club		02/17/2022		20,189		20,189		19,327
186272685.SRDLC, 8.99%, 03/15/2025 (a)(j)	Lending Club		03/09/2022		14,489		14,489		14,295
186273429.SRDLC, 9.34%, 02/01/2025 (a)(j)	Lending Club		02/18/2022		8,773		8,773		8,594
186280147.SRDLC, 20.99%, 02/15/2027 (a)(j)	Lending Club		02/17/2022		15,418		15,418		14,760
186281130.SRDLC, 6.59%, 02/25/2025 (a)(j)	Lending Club		02/18/2022		20,581		20,581		20,310
186283677.SRDLC, 5.99%, 02/05/2025 (a)(j)	Lending Club		02/18/2022		31,644		31,644		31,203
186285554.SRDLC, 8.99%, 03/17/2025 (a)(j)	Lending Club		03/11/2022		16,562		16,562		16,337
186288696.SRDLC, 21.99%, 02/16/2025 (a)(j)(k)	Lending Club		02/18/2022		7,199		7,199		1,047
186288822.SRDLC, 8.99%, 02/17/2025 (a)(j)	Lending Club		02/22/2022		4,986		4,986		4,928
186290975.SRDLC, 16.49%, 02/18/2027 (a)(j)	Lending Club		02/23/2022		5,454		5,454		5,271
186291079.SRDLC, 28.99%, 02/25/2027 (a)(j)	Lending Club		03/01/2022		15,216		15,216		14,483
186291293.SRDLC, 30.99%, 03/17/2027 (a)(j)	Lending Club		03/21/2022		11,391		11,530		11,247
186295500.SRDLC, 14.69%, 02/18/2027 (a)(j)	Lending Club		02/23/2022		24,433		24,433		23,715
186296041.SRDLC, 7.59%, 02/17/2027 (a)(j)	Lending Club		02/22/2022		10,184		10,184		9,995
186296227.SRDLC, 23.99%, 02/16/2027 (a)(j)	Lending Club		02/18/2022		23,118		23,118		22,028
186297344.SRDLC, 9.24%, 02/17/2025 (a)(j)	Lending Club		02/22/2022		1,282		1,282		1,257
186297382.SRDLC, 9.24%, 02/17/2025 (a)(j)	Lending Club		02/22/2022		4,966		4,966		4,872
186298102.SRDLC, 28.99%, 03/16/2025 (a)(j)(k)	Lending Club		03/18/2022		3,606		3,643		3,553
186301354.SRDLC, 12.12%, 02/17/2027 (a)(j)	Lending Club		02/22/2022		35,953		35,953		34,881
186305524.SRDLC, 7.09%, 02/18/2027 (a)(j)	Lending Club		02/23/2022		13,293		13,293		13,046
186305780.SRDLC, 5.99%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		12,688		12,688		12,513
186306461.SRDLC, 5.99%, 02/16/2025 (a)(j)	Lending Club		02/18/2022		5,710		5,710		5,630
186308416.SRDLC, 12.49%, 02/16/2025 (a)(j)	Lending Club		02/18/2022		3,882		3,882		3,779
186310528.SRDLC, 24.99%, 02/18/2027 (a)(j)	Lending Club		02/23/2022		22,240		22,240		21,228
186311093.SRDLC, 25.49%, 02/22/2025 (a)(j)(k)	Lending Club		02/24/2022		18,849		18,849		2,741
186311139.SRDLC, 18.44%, 02/16/2025 (a)(j)	Lending Club		02/18/2022		32,905		32,905		31,617
186314151.SRDLC, 5.99%, 02/17/2025 (a)(j)	Lending Club		02/22/2022		16,653		16,653		16,422
186314710.SRDLC, 28.99%, 02/16/2027 (a)(j)	Lending Club		02/18/2022		11,208		11,208		10,682
186314998.SRDLC, 10.49%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		32,161		32,161		31,560
186315514.SRDLC, 7.84%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		6,381		6,381		6,293
186315573.SRDLC, 14.94%, 02/16/2027 (a)(j)(k)	Lending Club		02/18/2022		5,554		5,554		5,402
186316064.SRDLC, 23.99%, 03/02/2027 (a)(j)	Lending Club		03/04/2022		11,218		11,218		10,630
186318381.SRDLC, 14.99%, 02/16/2027 (a)(j)	Lending Club		02/18/2022		15,439		15,439		14,986
186318619.SRDLC, 15.99%, 02/28/2027 (a)(j)	Lending Club		02/23/2022		16,029		16,029		15,743
186318804.SRDLC, 18.49%, 02/16/2025 (a)(j)	Lending Club		02/18/2022		9,052		9,052		8,710
186321143.SRDLC, 15.94%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		25,404		25,404		24,555
186323534.SRDLC, 5.99%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		15,860		15,860		15,640
186329289.SRDLC, 7.09%, 02/17/2025 (a)(j)	Lending Club		02/22/2022		4,774		4,774		4,709
186330289.SRDLC, 30.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		14,190		14,363		14,018
186330393.SRDLC, 9.34%, 02/05/2025 (a)(j)	Lending Club		02/23/2022		15,954		15,954		15,651
186330563.SRDLC, 9.84%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		26,797		26,797		26,167
186333355.SRDLC, 12.99%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		9,009		9,009		8,744
186333856.SRDLC, 21.49%, 02/24/2027 (a)(j)	Lending Club		02/28/2022		27,592		27,592		26,369
186335388.SRDLC, 22.99%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		4,179		4,179		4,032
186338039.SRDLC, 9.99%, 03/15/2025 (a)(j)	Lending Club		03/10/2022		10,959		10,959		10,753
186338182.SRDLC, 26.49%, 02/24/2025 (a)(j)	Lending Club		02/28/2022		7,562		7,562		7,296
186339093.SRDLC, 17.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		7,183		7,261		7,121
186340276.SRDLC, 16.99%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		8,850		8,850		8,535
186340874.SRDLC, 10.09%, 03/18/2025 (a)(j)	Lending Club		03/08/2022		4,162		4,162		4,087
186341316.SRDLC, 9.74%, 02/17/2027 (a)(j)	Lending Club		02/22/2022		17,859		17,859		17,437
186342352.SRDLC, 16.49%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		8,420		8,420		8,139
186342803.SRDLC, 18.44%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		8,236		8,236		7,934
186344749.SRDLC, 23.99%, 02/24/2025 (a)(j)	Lending Club		02/28/2022		5,009		5,009		4,833
186345496.SRDLC, 18.19%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		31,947		31,947		30,635
186346831.SRDLC, 30.99%, 09/23/2027 (a)(j)(k)	Lending Club		03/25/2022		16,879		17,098		2,454
186350286.SRDLC, 7.49%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		5,976		5,976		5,897

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

28

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186352548.SRDLC, 8.49%, 02/18/2025 (a)(j)	Lending Club		02/23/2022	$	15,992	$	15,992	$	15,783
186353252.SRDLC, 18.99%, 02/24/2025 (a)(j)	Lending Club		02/22/2022		4,140		4,140		3,989
186355122.SRDLC, 23.99%, 02/17/2027 (a)(j)	Lending Club		02/22/2022		9,247		9,247		8,823
186356513.SRDLC, 14.19%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		7,713		7,713		7,520
186356520.SRDLC, 20.49%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		27,857		27,857		26,598
186358108.SRDLC, 16.69%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		2,935		2,935		2,871
186359383.SRDLC, 15.99%, 02/11/2025 (a)(j)	Lending Club		02/22/2022		20,352		20,352		19,690
186359587.SRDLC, 19.94%, 02/17/2027 (a)(j)	Lending Club		02/22/2022		15,581		15,581		14,933
186360338.SRDLC, 30.99%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		5,676		5,745		5,595
186362290.SRDLC, 9.69%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		2,005		2,005		1,968
186365788.SRDLC, 23.99%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		27,752		27,752		26,402
186365957.SRDLC, 30.99%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		13,887		14,052		13,641
186366292.SRDLC, 11.99%, 02/07/2025 (a)(j)	Lending Club		02/23/2022		2,192		2,192		2,152
186366745.SRDLC, 22.49%, 02/17/2025 (a)(j)	Lending Club		02/22/2022		9,980		9,980		9,612
186366857.SRDLC, 30.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		5,865		5,937		5,773
186367313.SRDLC, 6.59%, 02/20/2027 (a)(j)	Lending Club		02/23/2022		35,410		35,410		34,765
186367879.SRDLC, 8.99%, 02/18/2027 (a)(j)	Lending Club		02/23/2022		35,643		35,643		34,991
186368614.SRDLC, 23.99%, 02/28/2027 (a)(j)	Lending Club		02/23/2022		17,753		17,753		17,009
186374382.SRDLC, 5.99%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		19,825		19,825		19,551
186376281.SRDLC, 7.09%, 02/18/2027 (a)(j)	Lending Club		02/23/2022		22,988		22,988		22,559
186376929.SRDLC, 8.99%, 04/26/2025 (a)(j)	Lending Club		03/09/2022		2,392		2,392		2,360
186378594.SRDLC, 10.54%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		7,237		7,237		7,103
186381065.SRDLC, 13.99%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		26,195		26,195		25,429
186382921.SRDLC, 8.74%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		7,998		7,998		7,889
186384422.SRDLC, 10.89%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		4,025		4,025		3,949
186388373.SRDLC, 6.49%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		7,942		7,942		7,833
186388863.SRDLC, 12.24%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		6,568		6,568		6,360
186388985.SRDLC, 4.99%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		26,418		26,418		25,919
186389884.SRDLC, 15.99%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		24,511		24,511		23,724
186390394.SRDLC, 23.99%, 02/18/2027 (a)(j)	Lending Club		02/23/2022		13,871		13,871		13,239
186399374.SRDLC, 6.74%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		20,667		20,667		20,382
186401408.SRDLC, 22.99%, 02/26/2025 (a)(j)	Lending Club		02/25/2022		4,175		4,175		4,028
186404263.SRDLC, 20.99%, 03/02/2027 (a)(j)	Lending Club		03/04/2022		9,295		9,295		8,869
186406480.SRDLC, 14.19%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		21,690		21,690		21,056
186407529.SRDLC, 23.49%, 02/18/2027 (a)(j)	Lending Club		02/23/2022		11,085		11,085		10,580
186407769.SRDLC, 27.99%, 03/02/2025 (a)(j)	Lending Club		03/17/2022		5,121		5,177		5,019
186409868.SRDLC, 13.24%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		16,588		16,588		16,101
186410723.SRDLC, 13.24%, 02/18/2025 (a)(j)	Lending Club		02/23/2022		9,727		9,727		9,476
186411740.SRDLC, 5.09%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		7,591		7,591		7,486
186412503.SRDLC, 7.59%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		7,693		7,693		7,587
186414924.SRDLC, 7.59%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		23,962		23,962		23,519
186415311.SRDLC, 5.49%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		11,876		11,876		11,712
186417393.SRDLC, 28.74%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		12,990		13,133		12,776
186420008.SRDLC, 12.99%, 02/24/2025 (a)(j)	Lending Club		02/28/2022		3,240		3,240		3,158
186422320.SRDLC, 21.49%, 02/18/2027 (a)(j)	Lending Club		02/23/2022		13,796		13,796		13,165
186422693.SRDLC, 14.19%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		20,786		20,786		20,179
186423051.SRDLC, 5.99%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		19,825		19,825		19,551
186423124.SRDLC, 25.49%, 02/24/2025 (a)(j)	Lending Club		02/28/2022		16,762		16,762		16,173
186424467.SRDLC, 17.49%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		6,752		6,825		6,672
186425657.SRDLC, 8.79%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		8,799		8,799		8,679
186430295.SRDLC, 19.94%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		10,082		10,082		9,669
186430834.SRDLC, 15.24%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		26,098		26,098		25,225
186431138.SRDLC, 19.49%, 02/22/2027 (a)(j)(k)	Lending Club		02/24/2022		29,397		29,397		4,274
186431339.SRDLC, 11.52%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		27,819		27,819		27,172
186431907.SRDLC, 7.49%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		12,748		12,747		12,573
186432025.SRDLC, 30.49%, 03/16/2027 (a)(j)	Lending Club		03/18/2022		7,212		7,290		7,109
186432471.SRDLC, 18.44%, 06/22/2025 (a)(j)(k)	Lending Club		02/24/2022		10,700		10,700		1,705

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

29

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186433520.SRDLC, 14.94%, 02/22/2027 (a)(j)	Lending Club		02/24/2022	$	4,527	$	4,527	$	4,395
186435948.SRDLC, 13.49%, 02/28/2027 (a)(j)	Lending Club		02/24/2022		36,229		36,229		35,112
186439607.SRDLC, 24.99%, 03/22/2025 (a)(j)(k)	Lending Club		03/10/2022		1,904		1,929		264
186441268.SRDLC, 20.49%, 04/28/2025 (a)(j)	Lending Club		03/11/2022		3,278		3,313		3,261
186442601.SRDLC, 8.49%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		26,792		26,792		26,427
186443078.SRDLC, 9.99%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		32,170		32,170		31,415
186443751.SRDLC, 27.99%, 07/17/2024 (a)(j)	Lending Club		03/21/2022		13,168		13,316		13,077
186444042.SRDLC, 23.49%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		8,400		8,400		7,978
186444057.SRDLC, 24.79%, 02/16/2025 (a)(j)(k)	Lending Club		02/24/2022		9,010		9,010		1,421
186444854.SRDLC, 18.49%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		7,764		7,764		7,445
186445485.SRDLC, 30.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		5,676		5,745		5,628
186445568.SRDLC, 17.49%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		36,449		36,449		35,239
186448014.SRDLC, 16.49%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		6,545		6,545		6,327
186448116.SRDLC, 17.99%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		10,948		10,948		10,585
186449199.SRDLC, 23.99%, 03/15/2027 (a)(j)	Lending Club		03/08/2022		18,865		18,865		17,948
186450032.SRDLC, 5.09%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		15,814		15,814		15,595
186450406.SRDLC, 18.19%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		27,383		27,383		26,259
186451093.SRDLC, 5.59%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		11,469		11,469		11,253
186455794.SRDLC, 14.19%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		27,113		27,113		26,320
186457043.SRDLC, 9.49%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		4,283		4,283		4,182
186460226.SRDLC, 7.49%, 03/17/2025 (a)(j)	Lending Club		03/14/2022		14,836		14,836		14,635
186462208.SRDLC, 22.99%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		8,327		8,327		8,029
186463985.SRDLC, 10.74%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		21,864		21,864		21,361
186465186.SRDLC, 7.59%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		17,533		17,533		17,293
186465325.SRDLC, 30.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		4,346		4,394		4,280
186469377.SRDLC, 6.59%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		5,720		5,720		5,641
186470642.SRDLC, 15.69%, 02/24/2025 (a)(j)	Lending Club		02/28/2022		9,796		9,796		9,489
186473434.SRDLC, 7.24%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		13,534		13,534		13,348
186475599.SRDLC, 7.74%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		23,920		23,920		23,592
186475971.SRDLC, 18.99%, 02/28/2025 (a)(j)(k)	Lending Club		03/01/2022		1,267		1,267		1,225
186481362.SRDLC, 14.94%, 02/22/2027 (a)(j)(k)	Lending Club		02/24/2022		10,860		10,860		10,544
186481468.SRDLC, 4.99%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		12,095		12,095		11,926
186482676.SRDLC, 15.99%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		5,311		5,311		5,142
186482761.SRDLC, 20.99%, 03/01/2025 (a)(j)	Lending Club		02/28/2022		7,273		7,273		6,966
186483902.SRDLC, 24.99%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		6,693		6,768		6,625
186484216.SRDLC, 9.63%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		30,076		30,076		29,385
186485157.SRDLC, 20.49%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		32,118		32,118		30,806
186488587.SRDLC, 9.63%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		12,498		12,498		12,204
186494520.SRDLC, 20.99%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		4,059		4,059		3,907
186498606.SRDLC, 4.99%, 02/02/2027 (a)(j)(k)	Lending Club		02/24/2022		9,868		9,868		9,682
186499265.SRDLC, 10.59%, 02/11/2025 (a)(j)	Lending Club		02/24/2022		11,496		11,496		11,271
186499500.SRDLC, 7.09%, 03/16/2027 (a)(j)	Lending Club		03/15/2022		27,953		27,953		27,437
186499981.SRDLC, 7.09%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		31,830		31,830		31,404
186500365.SRDLC, 21.79%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		4,981		4,981		4,802
186500893.SRDLC, 19.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		20,037		20,278		19,794
186501252.SRDLC, 30.99%, 03/10/2025 (a)(j)(k)	Lending Club		03/09/2022		13,392		13,565		6,270
186502686.SRDLC, 6.49%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		9,531		9,531		9,399
186507209.SRDLC, 9.74%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		35,719		35,719		34,879
186509911.SRDLC, 16.49%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		4,631		4,631		4,474
186512499.SRDLC, 26.49%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		16,377		16,377		15,798
186512978.SRDLC, 8.24%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		11,978		11,978		11,815
186515777.SRDLC, 27.49%, 03/07/2024 (a)(j)	Lending Club		03/09/2022		11,431		11,540		11,419
186516008.SRDLC, 12.34%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		4,040		4,040		3,937
186517183.SRDLC, 30.99%, 03/17/2027 (a)(j)	Lending Club		03/08/2022		7,192		7,285		7,052
186518196.SRDLC, 10.54%, 02/25/2025 (a)(j)	Lending Club		02/25/2022		8,853		8,852		8,695
186519049.SRDLC, 14.49%, 02/07/2025 (a)(j)	Lending Club		02/24/2022		12,104		12,104		11,790
186519359.SRDLC, 8.99%, 02/25/2025 (a)(j)	Lending Club		02/25/2022		8,009		8,009		7,905

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

30

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186520234.SRDLC, 17.19%, 02/05/2027 (a)(j)(k)	Lending Club		03/02/2022	$	7,114	$	7,114	$	2,618
186522630.SRDLC, 12.49%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		21,029		21,029		20,493
186525066.SRDLC, 6.49%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		32,818		32,818		32,351
186525669.SRDLC, 6.49%, 03/12/2025 (a)(j)(k)	Lending Club		03/02/2022		8,230		8,230		8,119
186526396.SRDLC, 28.99%, 02/24/2027 (a)(j)	Lending Club		02/28/2022		6,014		6,014		5,807
186527225.SRDLC, 18.49%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		18,268		18,268		17,519
186527801.SRDLC, 8.24%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		9,583		9,583		9,451
186531370.SRDLC, 8.79%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		4,799		4,799		4,734
186532892.SRDLC, 15%, 08/16/2025 (a)(j)(k)	Lending Club		03/14/2022		4,754		4,808		3,133
186534674.SRDLC, 5.99%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		5,154		5,154		5,083
186535728.SRDLC, 9.63%, 02/23/2027 (a)(j)	Lending Club		02/25/2022		24,996		24,995		24,410
186538516.SRDLC, 30.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		6,961		7,038		6,881
186538736.SRDLC, 8.24%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		5,590		5,590		5,513
186539534.SRDLC, 17.94%, 02/22/2025 (a)(j)	Lending Club		02/24/2022		12,322		12,322		11,932
186542560.SRDLC, 24.99%, 02/23/2027 (a)(j)	Lending Club		02/25/2022		18,533		18,533		17,706
186542844.SRDLC, 17.19%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		20,317		20,317		19,581
186544047.SRDLC, 20.99%, 03/17/2027 (a)(j)	Lending Club		03/21/2022		10,038		10,159		9,907
186544338.SRDLC, 15.24%, 02/22/2027 (a)(j)	Lending Club		02/24/2022		6,343		6,343		6,131
186545919.SRDLC, 13.94%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		7,278		7,278		7,092
186547658.SRDLC, 10.99%, 03/15/2025 (a)(j)	Lending Club		03/14/2022		8,320		8,320		8,165
186549505.SRDLC, 22.99%, 02/24/2025 (a)(j)	Lending Club		02/28/2022		8,327		8,327		8,035
186549507.SRDLC, 27.99%, 03/14/2024 (a)(j)	Lending Club		03/16/2022		7,630		7,704		7,646
186552069.SRDLC, 14.99%, 02/23/2027 (a)(j)	Lending Club		02/25/2022		36,224		36,224		35,174
186552397.SRDLC, 10.54%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		4,825		4,825		4,740
186553759.SRDLC, 15.49%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		1,565		1,565		1,517
186555755.SRDLC, 11.69%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		18,220		18,220		17,777
186556405.SRDLC, 23.99%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		20,568		20,793		20,351
186556557.SRDLC, 18.99%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		5,767		5,767		5,552
186556881.SRDLC, 21.99%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		7,475		7,475		7,209
186560731.SRDLC, 13.49%, 02/24/2027 (a)(j)	Lending Club		02/28/2022		21,651		21,651		21,019
186561715.SRDLC, 22.99%, 02/23/2025 (a)(j)(k)	Lending Club		02/25/2022		4,275		4,275		4,119
186563488.SRDLC, 9.63%, 03/02/2027 (a)(j)	Lending Club		02/25/2022		36,361		36,361		35,487
186563944.SRDLC, 7.09%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		9,951		9,951		9,821
186564080.SRDLC, 13.24%, 03/22/2025 (a)(j)	Lending Club		03/08/2022		12,898		12,898		12,578
186566370.SRDLC, 7.09%, 02/25/2027 (a)(j)	Lending Club		03/01/2022		23,041		23,041		22,612
186566531.SRDLC, 18.99%, 02/23/2025 (a)(j)	Lending Club		02/25/2022		4,943		4,943		4,759
186567448.SRDLC, 19.49%, 03/02/2027 (a)(j)	Lending Club		03/04/2022		17,795		17,795		17,014
186568548.SRDLC, 22.99%, 03/02/2025 (a)(j)	Lending Club		03/04/2022		4,275		4,275		4,087
186568662.SRDLC, 30.99%, 03/14/2027 (a)(j)(k)	Lending Club		03/16/2022		14,477		14,665		6,986
186571697.SRDLC, 18.99%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		7,909		7,909		7,623
186572822.SRDLC, 9.49%, 03/13/2027 (a)(j)	Lending Club		03/04/2022		9,092		9,092		8,877
186573934.SRDLC, 17.69%, 02/23/2027 (a)(j)	Lending Club		02/25/2022		7,293		7,293		7,053
186574776.SRDLC, 23.49%, 02/24/2027 (a)(j)	Lending Club		02/28/2022		9,237		9,237		8,829
186576309.SRDLC, 17.99%, 02/25/2027 (a)(j)	Lending Club		03/01/2022		10,001		10,001		9,672
186576419.SRDLC, 30.99%, 03/29/2025 (a)(j)	Lending Club		03/31/2022		4,350		4,396		4,266
186588133.SRDLC, 24.99%, 03/16/2027 (a)(j)	Lending Club		03/09/2022		14,720		14,720		14,009
186598394.SRDLC, 18.99%, 03/17/2027 (a)(j)	Lending Club		03/11/2022		25,640		25,640		24,571
186604983.SRDLC, 8.49%, 02/28/2025 (a)(j)	Lending Club		02/28/2022		15,999		15,999		15,779
186606803.SRDLC, 22.69%, 02/25/2027 (a)(j)	Lending Club		03/01/2022		16,599		16,599		15,870
186606885.SRDLC, 22.99%, 02/28/2025 (a)(j)	Lending Club		02/28/2022		2,004		2,004		1,937
186606955.SRDLC, 10.99%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		12,455		12,455		12,205
186609833.SRDLC, 16.49%, 02/24/2027 (a)(j)	Lending Club		02/28/2022		19,635		19,635		18,986
186610819.SRDLC, 30.99%, 03/09/2027 (a)(j)(k)	Lending Club		03/11/2022		9,754		9,881		2,561
186611261.SRDLC, 23.49%, 02/24/2027 (a)(j)	Lending Club		02/28/2022		9,237		9,237		8,829
186611625.SRDLC, 5.99%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		3,569		3,569		3,519
186611666.SRDLC, 15.99%, 02/24/2027 (a)(j)	Lending Club		02/28/2022		31,776		31,776		30,725
186612790.SRDLC, 8.99%, 03/10/2027 (a)(j)	Lending Club		03/07/2022		10,883		10,883		10,680

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

31

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186614496.SRDLC, 28.99%, 03/16/2025 (a)(j)	Lending Club		03/18/2022	$	12,996	$	13,141	$	12,829
186615940.SRDLC, 22.99%, 02/24/2025 (a)(j)	Lending Club		02/28/2022		6,682		6,682		6,449
186616543.SRDLC, 25.49%, 02/24/2025 (a)(j)	Lending Club		02/28/2022		3,185		3,185		3,073
186617731.SRDLC, 16.19%, 02/28/2025 (a)(j)	Lending Club		03/01/2022		12,306		12,306		11,885
186617758.SRDLC, 5.99%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		23,790		23,790		23,461
186618032.SRDLC, 10.59%, 02/25/2027 (a)(j)	Lending Club		03/01/2022		35,804		35,804		34,968
186618575.SRDLC, 18.99%, 02/18/2025 (a)(j)	Lending Club		02/28/2022		11,691		11,691		11,265
186618990.SRDLC, 12.49%, 02/24/2025 (a)(j)	Lending Club		02/28/2022		1,456		1,456		1,419
186620390.SRDLC, 21.99%, 02/28/2025 (a)(j)	Lending Club		02/28/2022		9,064		9,064		8,765
186621339.SRDLC, 15.69%, 02/24/2025 (a)(j)	Lending Club		02/28/2022		3,429		3,429		3,321
186622303.SRDLC, 30.99%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		3,941		3,985		3,857
186623322.SRDLC, 22.99%, 03/02/2027 (a)(j)	Lending Club		03/04/2022		13,996		13,996		13,264
186623473.SRDLC, 10.99%, 02/15/2025 (a)(j)	Lending Club		03/01/2022		4,812		4,812		4,722
186627742.SRDLC, 9.99%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		26,808		26,808		26,183
186630251.SRDLC, 18.99%, 02/07/2025 (a)(j)(k)	Lending Club		02/28/2022		17,418		17,418		16,742
186632305.SRDLC, 18.99%, 02/24/2025 (a)(j)	Lending Club		02/28/2022		11,864		11,864		11,426
186632825.SRDLC, 28.99%, 03/15/2025 (a)(j)	Lending Club		03/11/2022		2,084		2,109		2,051
186635190.SRDLC, 6.59%, 02/25/2025 (a)(j)	Lending Club		03/01/2022		7,150		7,150		7,052
186636012.SRDLC, 22.99%, 02/25/2025 (a)(j)	Lending Club		03/01/2022		2,498		2,498		2,411
186638846.SRDLC, 14.99%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		10,867		10,867		10,555
186639728.SRDLC, 8.79%, 02/25/2025 (a)(j)	Lending Club		03/01/2022		11,199		11,199		11,045
186640995.SRDLC, 15.94%, 02/25/2027 (a)(j)	Lending Club		03/01/2022		10,893		10,893		10,535
186643887.SRDLC, 8.99%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		6,683		6,683		6,560
186644292.SRDLC, 8.99%, 02/25/2025 (a)(j)	Lending Club		03/01/2022		17,357		17,357		17,121
186646185.SRDLC, 21.99%, 02/25/2027 (a)(j)(k)	Lending Club		03/01/2022		19,036		19,036		3,061
186647083.SRDLC, 21.99%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		19,106		19,106		18,298
186647551.SRDLC, 19.99%, 03/14/2024 (a)(j)(k)	Lending Club		03/16/2022		11,232		11,325		11,165
186647860.SRDLC, 17.94%, 03/08/2025 (a)(j)	Lending Club		03/01/2022		5,963		5,963		5,772
186648726.SRDLC, 6.99%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		7,955		7,955		7,845
186649759.SRDLC, 7.49%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		20,715		20,715		20,429
186651540.SRDLC, 8.99%, 02/01/2025 (a)(j)(k)	Lending Club		03/02/2022		19,841		19,841		19,569
186652442.SRDLC, 22.99%, 02/25/2027 (a)(j)	Lending Club		03/01/2022		11,073		11,073		10,587
186655387.SRDLC, 13.19%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		2,505		2,505		2,438
186655839.SRDLC, 4.99%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		22,937		22,937		22,618
186656549.SRDLC, 27.99%, 02/25/2027 (a)(j)	Lending Club		03/01/2022		23,307		23,307		22,316
186657762.SRDLC, 8.99%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		34,752		34,752		34,114
186659296.SRDLC, 12.34%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		33,331		33,331		32,399
186660887.SRDLC, 7.49%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		5,975		5,975		5,893
186661222.SRDLC, 22.99%, 02/25/2025 (a)(j)	Lending Club		03/01/2022		8,327		8,327		8,038
186662050.SRDLC, 28.49%, 03/07/2025 (a)(j)(k)	Lending Club		03/09/2022		6,880		6,970		1,000
186663166.SRDLC, 19.94%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		8,260		8,260		7,961
186663937.SRDLC, 30.49%, 06/26/2025 (a)(j)(k)	Lending Club		03/01/2022		14,214		14,214		13,786
186664039.SRDLC, 30.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		1,306		1,320		1,286
186667574.SRDLC, 18.49%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		21,011		21,011		20,204
186668155.SRDLC, 25.99%, 02/25/2025 (a)(j)	Lending Club		03/01/2022		2,350		2,350		2,268
186669127.SRDLC, 11.52%, 03/02/2027 (a)(j)	Lending Club		03/02/2022		36,480		36,480		35,611
186669465.SRDLC, 11.19%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		7,250		7,250		7,116
186671873.SRDLC, 16.24%, 03/19/2025 (a)(j)	Lending Club		03/09/2022		5,506		5,565		5,448
186672812.SRDLC, 30.99%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		12,163		12,163		11,637
186673896.SRDLC, 17.49%, 02/16/2025 (a)(j)	Lending Club		03/02/2022		15,864		15,864		15,367
186675548.SRDLC, 14.49%, 03/02/2025 (a)(j)	Lending Club		03/04/2022		6,959		6,959		6,787
186676177.SRDLC, 30.99%, 03/23/2027 (a)(j)	Lending Club		03/16/2022		7,662		7,757		7,583
186678676.SRDLC, 22.99%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		4,996		4,996		4,825
186679649.SRDLC, 27.99%, 02/05/2025 (a)(j)	Lending Club		03/02/2022		7,343		7,343		7,040	��
186681238.SRDLC, 30.99%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		11,352		11,490		11,185
186682233.SRDLC, 12.74%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		21,918		21,918		21,226
186682717.SRDLC, 30.49%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		9,074		9,185		8,942

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

32

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186683202.SRDLC, 23.79%, 02/28/2025 (a)(j)	Lending Club		03/02/2022	$	6,695	$	6,695	$	6,472
186684633.SRDLC, 5.99%, 03/01/2025 (a)(j)	Lending Club		03/02/2022		17,217		17,217		16,976
186685210.SRDLC, 10.99%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		13,441		13,441		13,129
186686440.SRDLC, 10.99%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		10,960		10,960		10,775
186690505.SRDLC, 7.24%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		11,942		11,942		11,777
186691527.SRDLC, 22.99%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		1,252		1,252		1,209
186693132.SRDLC, 7.79%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		4,389		4,388		4,332
186693742.SRDLC, 30.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		11,367		11,513		11,205
186694140.SRDLC, 9.99%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		3,693		3,693		3,625
186694143.SRDLC, 5.59%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		11,469		11,469		11,254
186694258.SRDLC, 7.24%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		5,095		5,095		5,025
186695293.SRDLC, 10.24%, 03/04/2027 (a)(j)	Lending Club		03/08/2022		9,078		9,078		8,856
186696309.SRDLC, 30.99%, 03/24/2027 (a)(j)(k)	Lending Club		03/16/2022		11,644		11,795		5,725
186697126.SRDLC, 6.49%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		1,986		1,986		1,958
186697448.SRDLC, 6.49%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		17,692		17,692		17,362
186697817.SRDLC, 8.44%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		9,942		9,942		9,754
186698291.SRDLC, 10.24%, 02/23/2027 (a)(j)	Lending Club		03/02/2022		17,854		17,854		17,439
186699230.SRDLC, 27.49%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		23,283		23,283		22,273
186701229.SRDLC, 5.99%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		9,516		9,516		9,384
186701588.SRDLC, 7.49%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		2,549		2,549		2,514
186703239.SRDLC, 9.99%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		35,744		35,744		34,911
186703275.SRDLC, 10.49%, 02/28/2027 (a)(j)	Lending Club		03/02/2022		17,897		17,897		17,481
186703553.SRDLC, 7.24%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		4,369		4,369		4,309
186704869.SRDLC, 27.99%, 02/28/2025 (a)(j)	Lending Club		03/02/2022		4,639		4,639		4,479
186706496.SRDLC, 4.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		16,341		16,341		16,108
186710117.SRDLC, 10.99%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		1,510		1,510		1,486
186712916.SRDLC, 17.44%, 02/28/2027 (a)(j)(k)	Lending Club		03/02/2022		14,569		14,569		14,095
186715502.SRDLC, 8.74%, 03/02/2025 (a)(j)	Lending Club		03/04/2022		24,764		24,764		24,406
186716052.SRDLC, 14.49%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		10,086		10,086		9,768
186718466.SRDLC, 27.49%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		18,812		19,049		18,543
186720629.SRDLC, 30.99%, 03/22/2025 (a)(j)	Lending Club		03/17/2022		13,157		13,304		12,978
186724366.SRDLC, 27.99%, 03/20/2025 (a)(j)	Lending Club		03/16/2022		2,175		2,199		2,141
186728098.SRDLC, 11.19%, 03/04/2027 (a)(j)	Lending Club		03/08/2022		10,919		10,919		10,653
186729808.SRDLC, 19.49%, 03/04/2025 (a)(j)(k)	Lending Club		03/08/2022		6,500		6,584		945
186731533.SRDLC, 17.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		3,799		3,839		3,757
186732927.SRDLC, 4.99%, 03/02/2027 (a)(j)	Lending Club		03/04/2022		35,830		35,830		35,128
186735419.SRDLC, 8.59%, 03/02/2025 (a)(j)	Lending Club		03/04/2022		8,251		8,251		8,132
186736373.SRDLC, 11.49%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		9,641		9,641		9,451
186737733.SRDLC, 21.99%, 03/02/2025 (a)(j)	Lending Club		03/04/2022		12,796		12,796		12,235
186745628.SRDLC, 7.49%, 03/19/2025 (a)(j)	Lending Club		03/14/2022		26,388		26,388		26,032
186747376.SRDLC, 7.59%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		9,052		9,052		8,923
186748363.SRDLC, 5.59%, 03/02/2025 (a)(j)	Lending Club		03/04/2022		11,458		11,458		11,292
186748391.SRDLC, 20.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		1,550		1,567		1,527
186751096.SRDLC, 4.99%, 03/15/2025 (a)(j)	Lending Club		03/04/2022		6,551		6,551		6,460
186752739.SRDLC, 12.69%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		10,045		10,045		9,731
186754103.SRDLC, 30.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		8,514		8,617		8,362
186758530.SRDLC, 20.99%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		15,083		15,083		14,445
186758825.SRDLC, 12.74%, 03/10/2027 (a)(j)	Lending Club		03/04/2022		7,327		7,327		7,112
186759602.SRDLC, 30.99%, 03/04/2027 (a)(j)(k)	Lending Club		03/08/2022		19,560		19,815		5,109
186759667.SRDLC, 8.99%, 03/16/2027 (a)(j)	Lending Club		03/14/2022		20,851		20,851		20,474
186761128.SRDLC, 30.99%, 04/14/2027 (a)(j)(k)	Lending Club		04/01/2022		5,000		5,065		727
186761684.SRDLC, 24.49%, 03/10/2026 (a)(j)	Lending Club		03/14/2022		12,792		12,941		12,550
186763393.SRDLC, 27.49%, 03/28/2027 (a)(j)(k)	Lending Club		03/30/2022		4,920		4,984		715
186765099.SRDLC, 23.99%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		16,283		16,283		15,580
186766384.SRDLC, 17.19%, 03/02/2027 (a)(j)	Lending Club		03/04/2022		6,456		6,456		6,218
186767172.SRDLC, 25.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		1,722		1,740		1,695
186767656.SRDLC, 6.59%, 03/02/2025 (a)(j)	Lending Club		03/04/2022		7,386		7,386		7,279

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

33

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186771871.SRDLC, 6.49%, 03/02/2025 (a)(j)	Lending Club		03/04/2022	$	8,205	$	8,205	$	8,086
186771996.SRDLC, 14.49%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		9,386		9,386		9,136
186772214.SRDLC, 8.24%, 03/02/2025 (a)(j)	Lending Club		03/04/2022		14,426		14,426		14,218
186773721.SRDLC, 18.99%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		12,707		12,845		12,599
186776246.SRDLC, 30.99%, 03/24/2025 (a)(j)	Lending Club		03/28/2022		8,701		8,798		8,648
186776571.SRDLC, 10.84%, 03/02/2025 (a)(j)(k)	Lending Club		03/04/2022		9,656		9,656		1,404
186776724.SRDLC, 14.99%, 03/02/2027 (a)(j)	Lending Club		03/04/2022		33,045		33,045		31,993
186776862.SRDLC, 12.74%, 03/02/2025 (a)(j)(k)	Lending Club		03/04/2022		12,020		12,020		4,339
186778413.SRDLC, 15.69%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		7,143		7,143		6,893
186778695.SRDLC, 14.69%, 03/15/2025 (a)(j)	Lending Club		03/04/2022		8,434		8,434		8,220
186779898.SRDLC, 9.09%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		5,784		5,784		5,667
186780275.SRDLC, 19.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		8,718		8,814		8,534
186782843.SRDLC, 24.79%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		20,605		20,605		19,739
186784007.SRDLC, 28.99%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		17,329		17,329		16,602
186784052.SRDLC, 30.99%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		13,052		13,197		12,826
186784874.SRDLC, 12.54%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,291		4,338		4,218
186786554.SRDLC, 11.74%, 03/02/2027 (a)(j)	Lending Club		03/04/2022		28,655		28,655		27,947
186787477.SRDLC, 5.99%, 03/10/2025 (a)(j)	Lending Club		03/07/2022		4,103		4,103		4,046
186787643.SRDLC, 7.59%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		9,875		9,875		9,736
186787670.SRDLC, 30.99%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		11,352		11,490		11,179
186787796.SRDLC, 7.49%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		5,196		5,196		5,170
186788217.SRDLC, 15.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		32,198		32,198		31,024
186790897.SRDLC, 17.39%, 03/10/2025 (a)(j)(k)	Lending Club		03/14/2022		10,403		10,403		3,900
186791798.SRDLC, 23.99%, 03/16/2027 (a)(j)	Lending Club		03/04/2022		23,632		23,632		22,513
186792901.SRDLC, 14.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		7,343		7,343		7,112
186793247.SRDLC, 17.49%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		2,363		2,389		2,338
186797391.SRDLC, 30.99%, 03/04/2027 (a)(j)	Lending Club		03/08/2022		9,271		9,383		9,110
186799571.SRDLC, 16.49%, 03/11/2027 (a)(j)	Lending Club		03/04/2022		11,568		11,568		11,162
186799618.SRDLC, 28.99%, 03/16/2025 (a)(j)	Lending Club		03/18/2022		1,733		1,752		1,710
186801721.SRDLC, 10.49%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		8,293		8,293		8,126
186803441.SRDLC, 10.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		36,380		36,380		35,513
186804749.SRDLC, 16.19%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		2,692		2,692		2,597
186805386.SRDLC, 6.74%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		12,315		12,315		12,138
186805633.SRDLC, 18.49%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		4,230		4,276		4,186
186806066.SRDLC, 5.59%, 03/15/2025 (a)(j)	Lending Club		03/09/2022		4,259		4,259		4,239
186809107.SRDLC, 28.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		3,379		3,416		3,323
186810869.SRDLC, 24.99%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		11,163		11,163		10,684
186811188.SRDLC, 16.19%, 03/16/2025 (a)(j)(k)	Lending Club		03/07/2022		7,068		7,068		6,860
186812331.SRDLC, 12.99%, 03/23/2025 (a)(j)(k)	Lending Club		03/07/2022		8,134		8,134		1,272
186813004.SRDLC, 17.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		6,338		6,406		6,268
186813237.SRDLC, 6.99%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		20,539		20,539		20,245
186815269.SRDLC, 30.99%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		12,701		12,841		12,463
186816361.SRDLC, 12.99%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		4,173		4,173		4,056
186816513.SRDLC, 14.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		7,711		7,710		7,468
186816681.SRDLC, 12.99%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		12,520		12,520		12,168
186818540.SRDLC, 25.99%, 03/04/2025 (a)(j)(k)	Lending Club		03/08/2022		17,665		17,894		2,568
186818765.SRDLC, 30.99%, 03/10/2027 (a)(j)	Lending Club		03/07/2022		4,774		4,832		4,675
186819598.SRDLC, 18.49%, 03/18/2025 (a)(j)	Lending Club		03/22/2022		4,653		4,704		4,611
186819952.SRDLC, 30.99%, 03/10/2027 (a)(j)(k)	Lending Club		03/07/2022		5,774		5,850		5,680
186820218.SRDLC, 13.19%, 03/26/2027 (a)(j)	Lending Club		03/07/2022		21,227		21,227		20,616
186820799.SRDLC, 26.49%, 03/14/2026 (a)(j)	Lending Club		03/16/2022		3,575		3,618		3,511
186823822.SRDLC, 7.74%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		7,409		7,409		7,303
186824468.SRDLC, 9.49%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		16,311		16,311		15,921
186825061.SRDLC, 9.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		30,533		30,533		29,817
186826265.SRDLC, 28.49%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		1,969		1,991		1,932
186826333.SRDLC, 25.99%, 03/20/2027 (a)(j)	Lending Club		03/17/2022		4,711		4,769		4,648
186830632.SRDLC, 7.09%, 03/04/2027 (a)(j)	Lending Club		03/08/2022		9,007		9,007		8,834

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

34

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186831107.SRDLC, 22.99%, 03/31/2025 (a)(j)	Lending Club		03/18/2022	$	2,851	$	2,882	$	2,824
186831594.SRDLC, 6.59%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		16,414		16,414		16,178
186832201.SRDLC, 16.39%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		15,489		15,489		14,943
186832447.SRDLC, 5.59%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		2,455		2,455		2,420
186833531.SRDLC, 30.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		10,681		10,802		10,338
186833830.SRDLC, 28.99%, 03/15/2025 (a)(j)	Lending Club		03/08/2022		3,507		3,546		3,439
186834062.SRDLC, 5.59%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		26,915		26,915		26,393
186834383.SRDLC, 6.59%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		32,827		32,827		32,357
186835181.SRDLC, 6.59%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		8,125		8,125		8,008
186835752.SRDLC, 9.69%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		24,826		24,826		24,332
186836967.SRDLC, 12.69%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		6,414		6,414		6,217
186837086.SRDLC, 14.49%, 03/10/2027 (a)(j)	Lending Club		03/07/2022		15,639		15,639		15,172
186837726.SRDLC, 7.59%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		6,583		6,583		6,489
186838206.SRDLC, 6.59%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		15,593		15,593		15,370
186838258.SRDLC, 14.24%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		5,300		5,357		5,239
186838683.SRDLC, 11.24%, 03/20/2025 (a)(j)	Lending Club		03/11/2022		10,974		10,974		10,764
186839002.SRDLC, 24.49%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		4,678		4,734		4,586
186841310.SRDLC, 9.29%, 03/03/2025 (a)(j)(k)	Lending Club		03/07/2022		9,919		9,919		9,719
186841662.SRDLC, 25.99%, 03/20/2027 (a)(j)(k)	Lending Club		03/11/2022		24,111		24,425		11,065
186842035.SRDLC, 17.19%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		1,687		1,687		1,628
186842406.SRDLC, 9.59%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		4,136		4,136		4,055
186842521.SRDLC, 16.19%, 03/15/2025 (a)(j)	Lending Club		03/07/2022		3,398		3,398		3,292
186842695.SRDLC, 30.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		13,224		13,381		13,111
186843437.SRDLC, 28.99%, 03/05/2025 (a)(j)(k)	Lending Club		03/07/2022		4,178		4,232		733
186843462.SRDLC, 28.49%, 04/04/2027 (a)(j)(k)	Lending Club		04/06/2022		19,002		19,249		18,515
186843869.SRDLC, 25.74%, 03/24/2025 (a)(j)	Lending Club		03/28/2022		5,162		5,219		5,114
186844674.SRDLC, 17.19%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		2,024		2,024		1,953
186844698.SRDLC, 25.99%, 07/03/2024 (a)(j)(k)	Lending Club		03/07/2022		3,605		3,652		239
186845535.SRDLC, 11.49%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		3,326		3,326		3,259
186845838.SRDLC, 17.19%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		4,217		4,217		4,069
186845846.SRDLC, 11.69%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		7,487		7,487		7,337
186846768.SRDLC, 22.49%, 03/03/2025 (a)(j)(k)	Lending Club		03/07/2022		2,757		2,793		669
186847292.SRDLC, 30.99%, 03/07/2027 (a)(j)(k)	Lending Club		03/09/2022		14,436		14,624		14,179
186847923.SRDLC, 30.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		6,961		7,038		6,881
186848558.SRDLC, 25.49%, 03/15/2025 (a)(j)(k)	Lending Club		03/10/2022		6,768		6,812		6,616
186849373.SRDLC, 12.49%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		1,000		1,000		972
186849738.SRDLC, 15.69%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		840		840		811
186850090.SRDLC, 30.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		10,406		10,532		10,220
186851000.SRDLC, 11.19%, 03/04/2025 (a)(j)(k)	Lending Club		03/08/2022		20,000		20,000		19,704
186851436.SRDLC, 20.49%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		5,441		5,499		5,361
186851932.SRDLC, 28.99%, 03/07/2024 (a)(j)	Lending Club		03/09/2022		3,671		3,706		3,667
186852060.SRDLC, 25.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		3,955		3,999		3,893
186852061.SRDLC, 15.99%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		1,682		1,682		1,623
186853537.SRDLC, 30.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		18,920		19,150		18,583
186854659.SRDLC, 18.49%, 03/04/2027 (a)(j)(k)	Lending Club		03/08/2022		3,309		3,309		3,160
186855078.SRDLC, 22.49%, 03/15/2025 (a)(j)	Lending Club		03/11/2022		6,864		6,939		6,782
186855159.SRDLC, 23.99%, 03/28/2027 (a)(j)(k)	Lending Club		03/09/2022		23,437		23,437		22,266
186855976.SRDLC, 30.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		11,827		11,972		11,615
186856510.SRDLC, 30.99%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		5,220		5,278		5,129
186857181.SRDLC, 30.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		11,825		11,969		11,614
186857816.SRDLC, 6.99%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		16,380		16,380		16,146
186859192.SRDLC, 25.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		5,629		5,629		5,339
186859608.SRDLC, 8.99%, 03/15/2027 (a)(j)(k)	Lending Club		03/08/2022		18,932		18,932		2,810
186859612.SRDLC, 23.49%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		21,294		21,294		20,217
186859882.SRDLC, 20.99%, 03/04/2027 (a)(j)	Lending Club		03/08/2022		7,808		7,808		7,457
186860203.SRDLC, 6.99%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		32,863		32,863		32,399
186860250.SRDLC, 30.99%, 03/20/2027 (a)(j)(k)	Lending Club		03/09/2022		11,696		11,848		3,184

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

35

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186860547.SRDLC, 9.99%, 03/04/2027 (a)(j)	Lending Club		03/08/2022	$	27,219	$	27,219	$	26,551
186861655.SRDLC, 20.49%, 03/10/2027 (a)(j)(k)	Lending Club		03/14/2022		6,882		6,882		1,001
186862002.SRDLC, 22.49%, 03/04/2027 (a)(j)	Lending Club		03/08/2022		17,718		17,718		16,813
186862268.SRDLC, 30.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		5,581		5,649		5,482
186863025.SRDLC, 27.49%, 08/18/2027 (a)(j)(k)	Lending Club		03/07/2022		5,700		5,772		3,709
186863352.SRDLC, 17.24%, 04/30/2025 (a)(j)	Lending Club		03/07/2022		11,784		11,911		11,712
186863423.SRDLC, 4.99%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		16,341		16,341		16,107
186864141.SRDLC, 24.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		18,734		18,961		18,387
186865643.SRDLC, 20.24%, 03/10/2025 (a)(j)	Lending Club		03/07/2022		4,268		4,314		4,213
186865652.SRDLC, 25.49%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		2,150		2,173		2,113
186868654.SRDLC, 15.19%, 03/11/2027 (a)(j)	Lending Club		03/08/2022		22,958		22,958		22,152
186869127.SRDLC, 18.99%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		6,756		6,756		6,471
186869195.SRDLC, 30.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		5,203		5,266		5,140
186869536.SRDLC, 8.99%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		3,717		3,717		3,664
186870125.SRDLC, 16.99%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		1,012		1,012		976
186870252.SRDLC, 30.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		9,460		9,575		9,291
186872196.SRDLC, 8.24%, 03/17/2025 (a)(j)	Lending Club		03/08/2022		33,086		33,086		32,647
186874394.SRDLC, 19.99%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		9,340		9,441		9,203
186874455.SRDLC, 5.59%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		2,864		2,864		2,824
186876529.SRDLC, 21.99%, 03/03/2025 (a)(j)	Lending Club		03/07/2022		10,236		10,236		9,795
186878387.SRDLC, 10.49%, 03/04/2027 (a)(j)	Lending Club		03/08/2022		20,893		20,893		20,382
186878812.SRDLC, 30.24%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		10,866		10,998		10,696
186880394.SRDLC, 12.24%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		29,803		29,803		28,975
186880643.SRDLC, 6.49%, 03/15/2025 (a)(j)	Lending Club		03/08/2022		5,921		5,921		5,842
186880718.SRDLC, 30.99%, 03/15/2027 (a)(j)	Lending Club		03/11/2022		11,424		11,564		11,237
186881064.SRDLC, 9.29%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		20,667		20,667		20,254
186881471.SRDLC, 8.24%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		8,243		8,243		8,126
186882814.SRDLC, 9.74%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		10,881		10,881		10,619
186883253.SRDLC, 30.99%, 03/03/2027 (a)(j)	Lending Club		03/07/2022		4,730		4,787		4,646
186883462.SRDLC, 20.49%, 04/04/2025 (a)(j)(k)	Lending Club		04/06/2022		14,069		14,252		2,913
186883666.SRDLC, 21.79%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		8,527		8,527		8,168
186883905.SRDLC, 5.59%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		8,184		8,184		8,067
186884409.SRDLC, 30.99%, 03/18/2025 (a)(j)(k)	Lending Club		03/07/2022		3,790		3,840		372
186885615.SRDLC, 9.59%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		6,618		6,618		6,486
186885801.SRDLC, 25.49%, 03/15/2025 (a)(j)	Lending Club		03/08/2022		4,334		4,381		4,252
186886262.SRDLC, 28.99%, 03/14/2025 (a)(j)	Lending Club		03/07/2022		2,131		2,155		2,100
186887274.SRDLC, 13.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		6,694		6,694		6,508
186887509.SRDLC, 30.99%, 03/07/2027 (a)(j)(k)	Lending Club		03/09/2022		9,543		9,659		9,380
186887684.SRDLC, 23.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		9,236		9,236		8,786
186887752.SRDLC, 9.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		5,383		5,383		5,276
186887816.SRDLC, 26.74%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		3,122		3,155		3,041
186887863.SRDLC, 19.44%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		5,936		5,936		5,692
186888572.SRDLC, 14.44%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		4,189		4,189		4,073
186890838.SRDLC, 9.49%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		6,524		6,524		6,365
186890975.SRDLC, 18.99%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		22,219		22,219		21,233
186890980.SRDLC, 30.99%, 03/04/2027 (a)(j)	Lending Club		03/08/2022		9,441		9,564		9,276
186892953.SRDLC, 9.69%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		19,946		19,946		19,458
186893891.SRDLC, 5.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		32,773		32,773		32,305
186894617.SRDLC, 9.34%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		17,664		17,664		17,231
186894895.SRDLC, 13.19%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		23,382		23,382		22,733
186894964.SRDLC, 19.99%, 03/19/2027 (a)(j)	Lending Club		03/08/2022		14,053		14,222		13,837
186894997.SRDLC, 30.99%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		2,087		2,110		2,058
186897446.SRDLC, 21.49%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		18,608		18,608		17,667
186898217.SRDLC, 26.24%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		747		755		729
186898646.SRDLC, 30.99%, 02/04/2028 (a)(j)(k)	Lending Club		03/08/2022		6,454		6,537		820
186899161.SRDLC, 20.49%, 03/27/2027 (a)(j)	Lending Club		03/08/2022		5,480		5,546		5,421
186899942.SRDLC, 8.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		32,996		32,996		32,525

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

36

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186900684.SRDLC, 15.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022	$	22,999	$	22,999	$	22,170
186900994.SRDLC, 30.99%, 08/10/2025 (a)(j)	Lending Club		03/08/2022		9,158		9,277		6,222
186901302.SRDLC, 13.49%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		33,429		33,429		32,505
186901896.SRDLC, 18.19%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		9,216		9,216		8,832
186902256.SRDLC, 30.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		7,379		7,469		7,263
186902418.SRDLC, 30.99%, 03/04/2027 (a)(j)	Lending Club		03/08/2022		7,379		7,468		7,251
186902851.SRDLC, 28.99%, 03/18/2025 (a)(j)	Lending Club		03/08/2022		4,380		4,434		4,320
186903091.SRDLC, 7.59%, 03/22/2025 (a)(j)	Lending Club		03/09/2022		7,227		7,227		7,125
186903373.SRDLC, 17.99%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		5,070		5,125		5,010
186904149.SRDLC, 11.89%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		29,131		29,131		28,551
186905651.SRDLC, 18.99%, 03/08/2026 (a)(j)	Lending Club		03/10/2022		13,451		13,605		13,239
186905982.SRDLC, 6.79%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		5,751		5,751		5,673
186906144.SRDLC, 30.49%, 03/15/2025 (a)(j)	Lending Club		03/14/2022		2,340		2,366		2,307
186907056.SRDLC, 28.99%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		3,812		3,854		3,743
186908329.SRDLC, 19.49%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		17,973		17,973		17,275
186908663.SRDLC, 5.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		8,193		8,193		8,076
186908684.SRDLC, 9.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		10,887		10,887		10,621
186909305.SRDLC, 12.54%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		1,667		1,685		1,647
186909328.SRDLC, 18.99%, 03/19/2025 (a)(j)	Lending Club		03/08/2022		5,133		5,133		4,947
186909356.SRDLC, 22.99%, 03/04/2025 (a)(j)(k)	Lending Club		03/08/2022		3,792		3,842		523
186909994.SRDLC, 28.99%, 03/16/2025 (a)(j)(k)	Lending Club		03/08/2022		3,943		3,985		3,885
186910060.SRDLC, 30.99%, 03/04/2027 (a)(j)	Lending Club		03/08/2022		7,946		8,043		7,809
186910066.SRDLC, 14.04%, 03/13/2026 (a)(j)	Lending Club		03/08/2022		8,901		9,002		8,765
186910636.SRDLC, 12.19%, 03/11/2025 (a)(j)(k)	Lending Club		03/15/2022		8,311		8,311		3,054
186911198.SRDLC, 22.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		2,565		2,593		2,537
186913037.SRDLC, 8.74%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		12,382		12,382		12,205
186913728.SRDLC, 30.49%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		17,384		17,576		17,147
186914338.SRDLC, 7.49%, 03/16/2025 (a)(j)	Lending Club		03/09/2022		32,985		32,985		32,534
186914343.SRDLC, 10.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		8,304		8,304		8,138
186914579.SRDLC, 27.99%, 03/04/2025 (a)(j)	Lending Club		03/08/2022		5,187		5,244		5,093
186914848.SRDLC, 30.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		18,352		18,576		18,063
186914996.SRDLC, 6.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		2,461		2,461		2,426
186916189.SRDLC, 23.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		22,435		22,435		21,300
186917027.SRDLC, 30.99%, 03/17/2027 (a)(j)	Lending Club		03/09/2022		4,782		4,844		4,718
186917181.SRDLC, 20.49%, 03/15/2025 (a)(j)	Lending Club		03/09/2022		4,303		4,348		4,254
186918776.SRDLC, 7.09%, 03/07/2025 (a)(j)(k)	Lending Club		03/09/2022		35,963		35,963		5,414
186919095.SRDLC, 13.19%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		23,769		23,769		23,027
186919628.SRDLC, 15.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		10,079		10,079		9,729
186921060.SRDLC, 12.49%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		6,669		6,669		6,484
186921772.SRDLC, 16.19%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		7,404		7,404		7,148
186921775.SRDLC, 30.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		4,730		4,787		4,653
186922130.SRDLC, 16.99%, 03/16/2025 (a)(j)	Lending Club		03/09/2022		8,472		8,563		8,394
186922494.SRDLC, 10.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		33,215		33,215		32,551
186922822.SRDLC, 27.99%, 03/07/2025 (a)(j)(k)	Lending Club		03/09/2022		10,987		10,987		1,616
186923282.SRDLC, 9.59%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		6,618		6,618		6,486
186923495.SRDLC, 28.99%, 03/04/2027 (a)(j)	Lending Club		03/08/2022		9,430		9,430		8,947
186923646.SRDLC, 20.49%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		4,251		4,297		4,195
186925202.SRDLC, 30.99%, 03/22/2026 (a)(j)(k)	Lending Club		03/09/2022		9,669		9,794		1,806
186925691.SRDLC, 30.99%, 03/15/2027 (a)(j)(k)	Lending Club		04/01/2022		4,836		4,898		4,667
186925869.SRDLC, 22.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		1,283		1,296		1,268
186927765.SRDLC, 18.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		11,776		11,776		11,301
186929069.SRDLC, 23.49%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		6,538		6,538		6,209
186929124.SRDLC, 17.99%, 03/31/2025 (a)(j)	Lending Club		03/09/2022		14,609		14,772		14,446
186929213.SRDLC, 24.79%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		5,151		5,151		4,933
186929745.SRDLC, 6.59%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		9,027		9,027		8,898
186929796.SRDLC, 12.54%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		2,001		2,022		1,978
186929997.SRDLC, 5.09%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		8,402		8,402		8,251

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

37

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186930176.SRDLC, 30.49%, 03/10/2027 (a)(j)	Lending Club		03/14/2022	$	9,454	$	9,558	$	9,299
186930217.SRDLC, 14.19%, 03/07/2025 (a)(j)(k)	Lending Club		03/09/2022		2,744		2,744		2,704
186930238.SRDLC, 17.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		8,451		8,541		8,355
186930558.SRDLC, 9.84%, 03/15/2025 (a)(j)	Lending Club		03/09/2022		9,960		9,960		9,777
186934357.SRDLC, 23.49%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		4,302		4,349		4,247
186934755.SRDLC, 18.19%, 03/15/2025 (a)(j)	Lending Club		03/09/2022		5,524		5,524		5,308
186935113.SRDLC, 15.49%, 03/07/2024 (a)(j)	Lending Club		03/09/2022		1,479		1,492		1,471
186935363.SRDLC, 30.99%, 03/18/2027 (a)(j)	Lending Club		03/22/2022		14,190		14,363		14,048
186936722.SRDLC, 7.59%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		32,966		32,966		32,518
186936790.SRDLC, 30.49%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		6,144		6,219		6,048
186937917.SRDLC, 17.74%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		7,601		7,683		7,515
186938222.SRDLC, 18.49%, 03/07/2025 (a)(j)(k)	Lending Club		03/09/2022		4,426		4,483		1,817
186938507.SRDLC, 7.09%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		16,436		16,436		16,204
186938563.SRDLC, 22.99%, 03/07/2025 (a)(j)(k)	Lending Club		03/09/2022		4,701		4,762		840
186938697.SRDLC, 30.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		8,041		8,138		7,944
186938756.SRDLC, 22.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		6,840		6,915		6,762
186939170.SRDLC, 15.99%, 03/14/2025 (a)(j)	Lending Club		03/09/2022		4,221		4,266		4,180
186941232.SRDLC, 8.24%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		8,243		8,243		8,126
186941874.SRDLC, 15.99%, 03/08/2025 (a)(j)	Lending Club		03/09/2022		5,385		5,443		5,326
186942033.SRDLC, 6.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		5,743		5,743		5,661
186943871.SRDLC, 30.99%, 03/04/2025 (a)(j)	Lending Club		03/09/2022		4,334		4,382		4,266
186944478.SRDLC, 17.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		844		853		835
186944501.SRDLC, 7.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		11,533		11,533		11,368
186944620.SRDLC, 30.99%, 03/30/2027 (a)(j)(k)	Lending Club		04/01/2022		9,929		10,058		1,444
186945043.SRDLC, 30.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		6,764		6,846		6,657
186946625.SRDLC, 22.99%, 03/17/2025 (a)(j)	Lending Club		03/09/2022		6,639		6,712		6,557
186946979.SRDLC, 17.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		2,535		2,562		2,507
186946994.SRDLC, 30.99%, 03/01/2027 (a)(j)	Lending Club		03/09/2022		14,099		14,271		13,869
186947728.SRDLC, 20.49%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		8,914		8,914		8,517
186948086.SRDLC, 9.49%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		5,437		5,437		5,304
186948516.SRDLC, 29.74%, 04/06/2025 (a)(j)	Lending Club		03/09/2022		1,850		1,872		1,815
186949502.SRDLC, 19.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		5,938		6,002		5,856
186950304.SRDLC, 30.99%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		11,438		11,578		11,235
186950596.SRDLC, 5.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		32,773		32,773		32,305
186950730.SRDLC, 5.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		13,929		13,929		13,729
186952065.SRDLC, 17.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		5,070		5,125		5,013
186952635.SRDLC, 7.24%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		32,885		32,885		32,415
186952678.SRDLC, 5.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		15,567		15,567		15,345
186952792.SRDLC, 26.99%, 03/20/2024 (a)(j)	Lending Club		03/09/2022		3,103		3,132		3,100
186952838.SRDLC, 30.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		5,676		5,746		5,574
186952903.SRDLC, 19.49%, 03/07/2027 (a)(j)(k)	Lending Club		03/09/2022		5,755		5,830		905
186953143.SRDLC, 13.19%, 03/23/2027 (a)(j)	Lending Club		03/10/2022		12,878		12,878		12,500
186953189.SRDLC, 18.99%, 03/22/2027 (a)(j)	Lending Club		03/09/2022		13,082		13,082		12,533
186954345.SRDLC, 30.99%, 03/10/2026 (a)(j)	Lending Club		03/14/2022		4,501		4,554		4,432
186954862.SRDLC, 9.59%, 03/08/2025 (a)(j)(k)	Lending Club		03/10/2022		16,662		16,662		2,423
186955240.SRDLC, 20.99%, 03/07/2027 (a)(j)(k)	Lending Club		03/09/2022		8,000		8,104		1,163
186955508.SRDLC, 30.99%, 03/25/2025 (a)(j)	Lending Club		03/23/2022		8,047		8,136		7,975
186956488.SRDLC, 12.54%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		4,377		4,423		4,326
186957057.SRDLC, 12.74%, 03/16/2024 (a)(j)	Lending Club		03/15/2022		14,711		14,847		14,651
186957097.SRDLC, 9.59%, 03/07/2025 (a)(j)(k)	Lending Club		03/09/2022		8,689		8,689		1,712
186957333.SRDLC, 9.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		8,710		8,710		8,497
186958180.SRDLC, 30.99%, 03/16/2027 (a)(j)(k)	Lending Club		03/09/2022		4,928		4,992		716
186958321.SRDLC, 30.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		7,544		7,636		7,453
186958422.SRDLC, 29.74%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,441		4,491		4,296
186958654.SRDLC, 14.49%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		8,711		8,711		8,439
186959040.SRDLC, 16.99%, 03/07/2027 (a)(j)(k)	Lending Club		03/09/2022		5,504		5,570		5,400
186959392.SRDLC, 30.99%, 03/15/2027 (a)(j)	Lending Club		03/11/2022		5,711		5,781		5,635

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

38

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186960205.SRDLC, 6.59%, 03/28/2027 (a)(j)(k)	Lending Club		03/09/2022	$	17,155	$	17,155	$	16,838
186960953.SRDLC, 6.59%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		19,696		19,696		19,415
186963432.SRDLC, 5.59%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		10,570		10,570		10,369
186963564.SRDLC, 6.59%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		2,473		2,473		2,440
186963965.SRDLC, 21.49%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		5,582		5,649		5,495
186965774.SRDLC, 22.99%, 03/07/2025 (a)(j)(k)	Lending Club		03/09/2022		8,770		8,864		8,662
186966365.SRDLC, 30.99%, 03/17/2025 (a)(j)	Lending Club		03/09/2022		5,276		5,334		5,208
186966989.SRDLC, 30.99%, 03/21/2027 (a)(j)(k)	Lending Club		03/09/2022		6,934		7,024		307
186967519.SRDLC, 10.19%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		21,646		21,646		21,135
186968317.SRDLC, 14.69%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		25,134		25,134		24,435
186968818.SRDLC, 5.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		18,436		18,436		18,184
186969031.SRDLC, 25.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		4,295		4,343		4,250
186969110.SRDLC, 30.99%, 03/15/2027 (a)(j)	Lending Club		03/09/2022		9,532		9,649		9,407
186969603.SRDLC, 28.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		1,300		1,314		1,278
186969754.SRDLC, 21.99%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		13,554		13,721		13,261
186969770.SRDLC, 27.49%, 03/20/2027 (a)(j)	Lending Club		03/09/2022		5,707		5,780		5,690
186969924.SRDLC, 17.19%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		28,961		28,961		27,929
186970990.SRDLC, 10.99%, 03/18/2025 (a)(j)	Lending Club		03/09/2022		9,173		9,173		9,000
186971589.SRDLC, 9.29%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		4,131		4,131		4,048
186972144.SRDLC, 22.99%, 03/16/2025 (a)(j)(k)	Lending Club		03/09/2022		2,149		2,149		2,069
186973856.SRDLC, 11.19%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		21,838		21,838		21,307
186974562.SRDLC, 17.19%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		4,219		4,219		4,080
186974858.SRDLC, 12.49%, 03/16/2027 (a)(j)	Lending Club		03/09/2022		14,657		14,657		14,222
186975112.SRDLC, 22.49%, 03/22/2025 (a)(j)	Lending Club		03/16/2022		8,585		8,679		8,516
186975750.SRDLC, 30.99%, 03/10/2025 (a)(j)	Lending Club		03/09/2022		2,794		2,825		2,746
186975831.SRDLC, 27.49%, 03/16/2027 (a)(j)	Lending Club		03/09/2022		9,480		9,595		9,448
186976156.SRDLC, 19.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		2,686		2,715		2,647
186976477.SRDLC, 21.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		5,886		5,886		5,638
186977311.SRDLC, 22.99%, 03/01/2027 (a)(j)	Lending Club		03/09/2022		6,501		6,579		6,404
186977592.SRDLC, 27.49%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		5,644		5,712		5,629
186977896.SRDLC, 27.74%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		23,525		23,810		23,413
186978035.SRDLC, 6.99%, 03/01/2025 (a)(j)	Lending Club		03/09/2022		15,588		15,588		15,362
186978206.SRDLC, 17.19%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		23,058		23,058		22,228
186978254.SRDLC, 8.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		36,202		36,202		35,512
186978338.SRDLC, 28.49%, 03/17/2025 (a)(j)	Lending Club		03/09/2022		9,621		9,728		9,447
186979291.SRDLC, 26.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		3,102		3,136		3,053
186980070.SRDLC, 7.09%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		4,602		4,602		4,536
186980107.SRDLC, 23.49%, 03/10/2026 (a)(j)	Lending Club		03/14/2022		22,634		22,897		22,314
186980309.SRDLC, 10.99%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		8,304		8,304		8,141
186980691.SRDLC, 30.99%, 03/13/2027 (a)(j)(k)	Lending Club		03/09/2022		4,801		4,860		4,713
186980962.SRDLC, 30.49%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		14,179		14,351		13,979
186981038.SRDLC, 30.99%, 03/10/2027 (a)(j)	Lending Club		03/09/2022		5,640		5,708		5,560
186981641.SRDLC, 23.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		3,428		3,465		3,388
186982180.SRDLC, 26.24%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		1,543		1,560		1,514
186982223.SRDLC, 30.99%, 03/01/2027 (a)(j)	Lending Club		03/09/2022		9,400		9,400		8,919
186982354.SRDLC, 5.09%, 03/10/2025 (a)(j)	Lending Club		03/09/2022		6,233		6,233		6,169
186982361.SRDLC, 22.49%, 03/07/2026 (a)(j)	Lending Club		03/09/2022		18,070		18,279		17,796
186982644.SRDLC, 12.54%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		6,349		6,416		6,277
186982976.SRDLC, 17.99%, 03/17/2025 (a)(j)	Lending Club		03/21/2022		7,606		7,688		7,534
186983409.SRDLC, 15.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		2,100		2,122		2,076
186983820.SRDLC, 23.99%, 03/17/2025 (a)(j)	Lending Club		03/09/2022		8,639		8,734		8,557
186984103.SRDLC, 12.69%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		11,962		11,962		11,588
186984751.SRDLC, 23.99%, 03/12/2025 (a)(j)	Lending Club		03/09/2022		13,627		13,776		13,469
186985079.SRDLC, 30.99%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		14,190		14,363		13,989
186985421.SRDLC, 12.49%, 03/10/2025 (a)(j)	Lending Club		03/09/2022		8,347		8,347		8,128
186985653.SRDLC, 21.49%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		8,521		8,521		8,165
186986577.SRDLC, 30.99%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		8,701		8,797		8,587

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

39

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
186987081.SRDLC, 30.99%, 03/20/2025 (a)(j)(k)	Lending Club		03/09/2022	$	5,523	$	5,594	$	5,458
186987216.SRDLC, 11.19%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		27,298		27,298		26,633
186987619.SRDLC, 30.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		2,175		2,199		2,142
186988151.SRDLC, 28.49%, 03/07/2027 (a)(j)(k)	Lending Club		03/09/2022		6,058		6,136		6,018
186988932.SRDLC, 8.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		14,481		14,481		14,205
186990845.SRDLC, 8.99%, 03/12/2027 (a)(j)	Lending Club		03/09/2022		13,595		13,595		13,343
186990892.SRDLC, 23.49%, 03/11/2027 (a)(j)(k)	Lending Club		03/15/2022		14,450		14,450		2,257
186991595.SRDLC, 28.99%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		22,631		22,631		21,491
186991800.SRDLC, 20.74%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		8,506		8,598		8,390
186991977.SRDLC, 18.74%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		10,159		10,269		10,045
186992140.SRDLC, 27.99%, 03/15/2024 (a)(j)	Lending Club		03/10/2022		3,808		3,844		3,786
186993852.SRDLC, 9.09%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		4,131		4,131		4,050
186994906.SRDLC, 30.99%, 03/15/2025 (a)(j)	Lending Club		03/09/2022		2,192		2,216		2,161
186994916.SRDLC, 6.59%, 04/28/2027 (a)(j)	Lending Club		03/09/2022		22,079		22,079		21,677
186994940.SRDLC, 30.99%, 03/07/2027 (a)(j)	Lending Club		03/09/2022		11,352		11,490		11,173
186995154.SRDLC, 15.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		1,934		1,955		1,912
186995899.SRDLC, 24.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		2,577		2,605		2,536
186996001.SRDLC, 10.99%, 03/15/2025 (a)(j)	Lending Club		03/10/2022		24,979		24,979		24,508
186996360.SRDLC, 30.99%, 03/20/2025 (a)(j)	Lending Club		03/10/2022		3,705		3,747		3,644
186996547.SRDLC, 30.99%, 03/15/2027 (a)(j)(k)	Lending Club		03/09/2022		10,715		10,854		2,912
186997520.SRDLC, 21.49%, 03/16/2025 (a)(j)	Lending Club		03/18/2022		5,989		6,050		5,921
186997746.SRDLC, 5.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		3,277		3,277		3,230
186997911.SRDLC, 24.99%, 03/07/2025 (a)(j)(k)	Lending Club		03/09/2022		8,297		8,404		2,054
186998317.SRDLC, 30.49%, 04/30/2027 (a)(j)	Lending Club		03/09/2022		9,271		9,390		9,305
186998840.SRDLC, 6.49%, 03/20/2025 (a)(j)	Lending Club		03/09/2022		24,687		24,687		24,349
186999371.SRDLC, 7.59%, 03/16/2025 (a)(j)	Lending Club		03/10/2022		6,596		6,596		6,508
187000623.SRDLC, 30.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		2,612		2,639		2,562
187002010.SRDLC, 17.99%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		6,338		6,407		6,286
187002217.SRDLC, 19.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		4,241		4,286		4,183
187002654.SRDLC, 30.99%, 03/20/2025 (a)(j)	Lending Club		03/16/2022		3,153		3,188		3,117
187003180.SRDLC, 30.99%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		18,523		18,749		18,229
187003355.SRDLC, 30.99%, 03/25/2027 (a)(j)	Lending Club		03/14/2022		14,386		14,573		14,257
187003763.SRDLC, 21.99%, 03/10/2025 (a)(j)	Lending Club		03/10/2022		4,272		4,319		4,219
187004185.SRDLC, 20.49%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		21,253		21,483		20,962
187004337.SRDLC, 14.99%, 03/17/2027 (a)(j)	Lending Club		03/10/2022		22,122		22,122		21,497
187007026.SRDLC, 16.19%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		7,404		7,404		7,155
187007115.SRDLC, 30.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		4,350		4,399		4,284
187007624.SRDLC, 28.49%, 03/15/2025 (a)(j)	Lending Club		03/09/2022		5,227		5,285		5,146
187008942.SRDLC, 15.29%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		2,833		2,833		2,735
187009222.SRDLC, 28.99%, 03/07/2025 (a)(j)	Lending Club		03/09/2022		8,664		8,760		8,518
187009900.SRDLC, 16.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		4,215		4,215		4,069
187010379.SRDLC, 15.99%, 04/26/2025 (a)(j)	Lending Club		03/09/2022		3,220		3,255		3,202
187012069.SRDLC, 30.99%, 03/15/2025 (a)(j)(k)	Lending Club		03/11/2022		7,722		7,822		1,123
187012487.SRDLC, 21.49%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		3,131		3,165		3,097
187013586.SRDLC, 5.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		8,194		8,194		8,082
187013940.SRDLC, 18.49%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		20,624		20,624		19,709
187014518.SRDLC, 9.69%, 03/16/2027 (a)(j)	Lending Club		03/11/2022		31,801		31,801		31,065
187014710.SRDLC, 20.49%, 03/17/2025 (a)(j)	Lending Club		03/21/2022		3,060		3,094		3,027
187014822.SRDLC, 15.49%, 03/10/2025 (a)(j)	Lending Club		03/10/2022		4,625		4,674		4,575
187015235.SRDLC, 30.99%, 03/08/2027 (a)(j)(k)	Lending Club		03/10/2022		8,802		8,917		2,356
187016656.SRDLC, 27.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		8,646		8,741		8,504
187016803.SRDLC, 7.24%, 03/15/2025 (a)(j)	Lending Club		03/10/2022		32,944		32,944		32,495
187016906.SRDLC, 20.99%, 03/24/2027 (a)(j)	Lending Club		03/14/2022		17,830		17,830		17,099
187017386.SRDLC, 30.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		2,612		2,641		2,564
187017395.SRDLC, 28.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		13,673		13,840		13,723
187017868.SRDLC, 18.99%, 03/20/2025 (a)(j)	Lending Club		03/14/2022		29,831		29,831		28,760
187018701.SRDLC, 16.99%, 04/28/2025 (a)(j)	Lending Club		03/10/2022		8,141		8,141		7,902

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

40

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187019293.SRDLC, 29.99%, 03/08/2027 (a)(j)	Lending Club		03/10/2022	$	17,001	$	17,001	$	16,152
187019567.SRDLC, 9.49%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		25,010		25,010		24,400
187019977.SRDLC, 26.24%, 03/13/2025 (a)(j)	Lending Club		03/10/2022		2,164		2,187		2,127
187020605.SRDLC, 13.74%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		10,984		10,984		10,644
187022209.SRDLC, 30.99%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		6,811		6,893		6,704
187023324.SRDLC, 30.99%, 03/15/2027 (a)(j)	Lending Club		03/17/2022		7,946		8,043		7,855
187024361.SRDLC, 23.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		8,570		8,570		8,210
187024410.SRDLC, 14.49%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		2,513		2,513		2,444
187024503.SRDLC, 30.99%, 03/20/2025 (a)(j)	Lending Club		03/16/2022		6,946		7,024		6,890
187024750.SRDLC, 22.74%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		4,098		4,143		4,052
187029679.SRDLC, 30.99%, 03/08/2025 (a)(j)(k)	Lending Club		03/10/2022		3,410		3,454		612
187030017.SRDLC, 12.34%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		13,344		13,344		12,936
187030695.SRDLC, 6.59%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		3,281		3,281		3,235
187031324.SRDLC, 27.99%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		9,414		9,528		9,365
187031627.SRDLC, 12.99%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		25,040		25,040		24,351
187032911.SRDLC, 16.99%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		6,744		6,744		6,512
187033012.SRDLC, 12.74%, 03/16/2025 (a)(j)	Lending Club		03/11/2022		1,004		1,004		978
187033106.SRDLC, 17.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		5,855		5,918		5,790
187033122.SRDLC, 7.09%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		24,229		24,229		23,765
187034307.SRDLC, 24.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		1,287		1,301		1,267
187034438.SRDLC, 8.79%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		4,953		4,953		4,883
187035689.SRDLC, 12.54%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		2,084		2,106		2,061
187035966.SRDLC, 23.49%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		9,339		9,339		8,873
187036809.SRDLC, 30.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		1,305		1,320		1,286
187036897.SRDLC, 30.99%, 03/23/2027 (a)(j)	Lending Club		03/25/2022		9,457		9,551		9,387
187037256.SRDLC, 23.99%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		11,218		11,218		10,668
187037815.SRDLC, 25.99%, 03/14/2027 (a)(j)(k)	Lending Club		03/16/2022		10,423		10,549		10,279
187038529.SRDLC, 22.49%, 03/15/2025 (a)(j)(k)	Lending Club		03/10/2022		7,555		7,653		1,057
187038824.SRDLC, 8.24%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		11,541		11,541		11,377
187039305.SRDLC, 24.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		2,577		2,605		2,537
187039708.SRDLC, 21.49%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		4,652		4,708		4,580
187039842.SRDLC, 6.59%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		8,207		8,207		8,091
187040123.SRDLC, 30.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		21,752		21,996		21,584
187040321.SRDLC, 21.99%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		14,994		14,994		14,260
187040621.SRDLC, 23.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		7,469		7,469		7,109
187040626.SRDLC, 9.34%, 03/23/2027 (a)(j)	Lending Club		03/10/2022		11,829		11,829		11,554
187040937.SRDLC, 30.99%, 03/21/2027 (a)(j)(k)	Lending Club		03/23/2022		4,812		4,875		4,757
187042692.SRDLC, 11.89%, 03/08/2027 (a)(j)(k)	Lending Club		03/10/2022		26,668		26,668		3,878
187042914.SRDLC, 17.19%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		1,096		1,096		1,059
187043557.SRDLC, 30.99%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		11,352		11,490		11,179
187044456.SRDLC, 28.49%, 03/08/2027 (a)(j)	Lending Club		03/10/2022		7,914		8,010		7,873
187044734.SRDLC, 15.99%, 03/08/2025 (a)(j)	Lending Club		03/10/2022		5,887		5,950		5,821
187045339.SRDLC, 16.99%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		6,744		6,744		6,512
187045611.SRDLC, 15.74%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		2,858		2,888		2,827
187045971.SRDLC, 7.09%, 03/02/2027 (a)(j)	Lending Club		03/15/2022		13,483		13,483		13,228
187046745.SRDLC, 19.99%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		4,246		4,291		4,190
187047990.SRDLC, 30.99%, 03/01/2027 (a)(j)(k)	Lending Club		03/23/2022		6,363		6,446		1,142
187048685.SRDLC, 6.59%, 03/11/2027 (a)(j)	Lending Club		03/15/2022		13,403		13,403		13,148
187049271.SRDLC, 20.49%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		5,101		5,156		5,034
187049632.SRDLC, 16.49%, 03/20/2025 (a)(j)	Lending Club		03/11/2022		5,539		5,598		5,480
187050428.SRDLC, 22.49%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		5,593		5,660		5,515
187050484.SRDLC, 30.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		14,190		14,363		14,018
187050949.SRDLC, 21.49%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		1,724		1,745		1,701
187051535.SRDLC, 27.99%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		4,302		4,350		4,233
187052570.SRDLC, 22.99%, 03/01/2025 (a)(j)	Lending Club		03/16/2022		10,995		11,115		10,883
187053282.SRDLC, 30.99%, 03/18/2025 (a)(j)	Lending Club		03/11/2022		1,305		1,320		1,294
187053309.SRDLC, 5.59%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		10,640		10,640		10,489

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

41

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187053584.SRDLC, 30.99%, 03/17/2027 (a)(j)	Lending Club		03/11/2022	$	14,190	$	14,363	$	13,981
187055517.SRDLC, 28.99%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		4,332		4,380		4,263
187056626.SRDLC, 15.19%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		9,202		9,202		8,895
187057455.SRDLC, 30.99%, 03/17/2025 (a)(j)	Lending Club		03/14/2022		2,151		2,175		2,130
187057871.SRDLC, 14.19%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		2,093		2,093		2,036
187058552.SRDLC, 27.99%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		1,038		1,037		995
187059401.SRDLC, 30.99%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		4,845		4,905		4,772
187060262.SRDLC, 18.99%, 03/20/2025 (a)(j)	Lending Club		03/11/2022		853		853		821
187060772.SRDLC, 20.49%, 03/15/2025 (a)(j)	Lending Club		03/11/2022		6,832		6,906		6,744
187060807.SRDLC, 22.99%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		2,052		2,052		1,967
187061785.SRDLC, 28.99%, 03/04/2027 (a)(j)	Lending Club		03/11/2022		16,900		17,105		16,775
187061900.SRDLC, 20.49%, 03/15/2025 (a)(j)	Lending Club		03/11/2022		10,247		10,358		10,115
187061950.SRDLC, 22.99%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		4,275		4,322		4,229
187062738.SRDLC, 27.99%, 03/29/2025 (a)(j)(k)	Lending Club		03/16/2022		14,782		14,782		14,296
187063181.SRDLC, 10.24%, 03/22/2027 (a)(j)	Lending Club		03/11/2022		13,000		13,000		12,696
187063469.SRDLC, 11.34%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		18,204		18,204		17,768
187063470.SRDLC, 23.19%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		5,988		5,988		5,739
187064351.SRDLC, 20.74%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		23,226		23,504		22,873
187064981.SRDLC, 16.49%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		13,932		13,932		13,463
187065183.SRDLC, 15.49%, 03/17/2025 (a)(j)	Lending Club		03/11/2022		9,277		9,377		9,193
187065357.SRDLC, 17.49%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		10,129		10,237		10,018
187065925.SRDLC, 19.49%, 03/17/2025 (a)(j)	Lending Club		03/11/2022		3,325		3,325		3,196
187066092.SRDLC, 30.99%, 03/15/2027 (a)(j)	Lending Club		03/14/2022		5,706		5,776		5,615
187066402.SRDLC, 13.49%, 03/24/2027 (a)(j)	Lending Club		03/14/2022		18,409		18,409		17,877
187066767.SRDLC, 15.49%, 03/15/2025 (a)(j)	Lending Club		03/17/2022		8,735		8,829		8,649
187066773.SRDLC, 6.59%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		35,982		35,982		35,291
187066929.SRDLC, 7.49%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		32,912		32,912		32,466
187067030.SRDLC, 21.99%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		10,896		10,896		10,353
187067446.SRDLC, 14.19%, 03/10/2025 (a)(j)(k)	Lending Club		03/14/2022		2,148		2,148		312
187067662.SRDLC, 15.74%, 03/25/2027 (a)(j)	Lending Club		03/16/2022		30,765		30,765		29,809
187067840.SRDLC, 8.59%, 03/01/2025 (a)(j)	Lending Club		03/14/2022		8,230		8,230		8,111
187068023.SRDLC, 12.19%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		3,748		3,748		3,647
187069624.SRDLC, 19.49%, 03/17/2025 (a)(j)	Lending Club		03/11/2022		5,544		5,544		5,329
187069722.SRDLC, 30.99%, 03/25/2027 (a)(j)	Lending Club		03/14/2022		6,246		6,327		6,145
187070240.SRDLC, 21.49%, 03/20/2027 (a)(j)	Lending Club		03/14/2022		11,240		11,240		10,716
187070699.SRDLC, 30.99%, 03/15/2027 (a)(j)	Lending Club		03/17/2022		18,920		19,151		18,701
187070990.SRDLC, 15.99%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		6,084		6,148		6,028
187073165.SRDLC, 11.99%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		4,163		4,163		4,081
187073409.SRDLC, 9.59%, 03/10/2025 (a)(j)(k)	Lending Club		03/14/2022		10,830		10,830		1,618
187073789.SRDLC, 18.49%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		4,060		4,104		4,016
187073898.SRDLC, 12.69%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		13,697		13,697		13,278
187074059.SRDLC, 22.49%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		4,270		4,317		4,224
187076024.SRDLC, 12.19%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		23,714		23,714		22,988
187077040.SRDLC, 30.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		6,149		6,224		6,075
187077555.SRDLC, 26.99%, 03/15/2025 (a)(j)(k)	Lending Club		03/11/2022		10,909		11,051		2,803
187077933.SRDLC, 11.19%, 03/03/2027 (a)(j)	Lending Club		03/14/2022		9,099		9,099		8,877
187079283.SRDLC, 30.99%, 03/29/2027 (a)(j)	Lending Club		03/31/2022		14,190		14,352		13,823
187079325.SRDLC, 7.24%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		32,885		32,885		32,420
187079529.SRDLC, 22.49%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		8,541		8,634		8,454
187080468.SRDLC, 13.99%, 03/09/2025 (a)(j)	Lending Club		03/11/2022		5,857		5,920		5,793
187080922.SRDLC, 30.99%, 03/25/2027 (a)(j)	Lending Club		03/14/2022		4,804		4,865		4,727
187081426.SRDLC, 30.99%, 03/09/2027 (a)(j)	Lending Club		03/11/2022		14,190		14,363		13,981
187083049.SRDLC, 19.49%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		5,089		5,144		5,024
187083667.SRDLC, 30.99%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		7,568		7,660		7,461
187084131.SRDLC, 25.49%, 02/23/2027 (a)(j)	Lending Club		03/14/2022		7,309		7,397		7,264
187084134.SRDLC, 21.49%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		21,303		21,303		20,444
187084350.SRDLC, 30.99%, 03/29/2025 (a)(j)	Lending Club		03/31/2022		8,701		8,792		8,531

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

42

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187085796.SRDLC, 27.49%, 03/10/2027 (a)(j)	Lending Club		03/14/2022	$	11,287	$	11,424	$	11,238
187087599.SRDLC, 4.99%, 03/18/2025 (a)(j)	Lending Club		03/14/2022		10,228		10,228		10,089
187087946.SRDLC, 6.99%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		14,956		14,956		14,776
187090647.SRDLC, 30.99%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		870		880		858
187093287.SRDLC, 24.99%, 03/10/2025 (a)(j)(k)	Lending Club		03/14/2022		7,833		7,935		1,025
187094773.SRDLC, 19.99%, 03/18/2025 (a)(j)(k)	Lending Club		03/15/2022		4,818		4,870		4,763
187095146.SRDLC, 17.49%, 03/15/2027 (a)(j)	Lending Club		03/14/2022		27,765		27,765		26,862
187096378.SRDLC, 17.24%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		18,301		18,301		17,660
187096917.SRDLC, 22.99%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		7,695		7,695		7,385
187099521.SRDLC, 30.99%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		1,214		1,227		1,198
187099924.SRDLC, 17.44%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		16,879		16,879		16,316
187101376.SRDLC, 27.99%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		5,620		5,620		5,389
187103577.SRDLC, 28.99%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		4,715		4,715		4,483
187103780.SRDLC, 28.99%, 03/11/2027 (a)(j)	Lending Club		03/15/2022		5,658		5,726		5,635
187104737.SRDLC, 10.99%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		14,116		14,116		13,840
187105051.SRDLC, 15.19%, 03/21/2025 (a)(j)	Lending Club		03/15/2022		3,375		3,375		3,269
187105742.SRDLC, 30.99%, 03/11/2027 (a)(j)	Lending Club		03/15/2022		14,209		14,393		13,973
187105908.SRDLC, 30.99%, 03/22/2027 (a)(j)	Lending Club		03/15/2022		19,139		19,388		18,831
187107161.SRDLC, 4.99%, 03/16/2025 (a)(j)	Lending Club		03/14/2022		32,717		32,717		32,275
187107777.SRDLC, 21.49%, 03/17/2025 (a)(j)	Lending Club		03/21/2022		3,854		3,890		3,805
187109249.SRDLC, 16.99%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		5,058		5,058		4,888
187111599.SRDLC, 23.99%, 03/11/2027 (a)(j)	Lending Club		03/15/2022		12,152		12,152		11,561
187112294.SRDLC, 27.49%, 03/11/2027 (a)(j)	Lending Club		03/15/2022		5,644		5,712		5,622
187112380.SRDLC, 25.99%, 03/02/2025 (a)(j)(k)	Lending Club		03/15/2022		1,535		1,552		1,512
187113010.SRDLC, 28.49%, 07/14/2025 (a)(j)(k)	Lending Club		03/16/2022		21,920		22,205		5,678
187113052.SRDLC, 30.99%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		5,676		5,748		5,532
187113417.SRDLC, 12.99%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		5,843		5,843		5,685
187113627.SRDLC, 28.49%, 03/11/2027 (a)(j)	Lending Club		03/15/2022		6,595		6,675		6,569
187113823.SRDLC, 8.49%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		32,996		32,996		32,532
187114091.SRDLC, 8.59%, 03/26/2027 (a)(j)	Lending Club		03/15/2022		32,683		32,683		32,067
187114622.SRDLC, 25.74%, 03/15/2025 (a)(j)	Lending Club		03/17/2022		8,603		8,698		8,494
187116136.SRDLC, 12.99%, 03/10/2027 (a)(j)	Lending Club		03/14/2022		26,317		26,317		25,512
187116827.SRDLC, 7.59%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		12,344		12,344		12,170
187118843.SRDLC, 25.49%, 03/10/2025 (a)(j)	Lending Club		03/14/2022		17,198		17,198		16,494
187119161.SRDLC, 25.99%, 03/29/2027 (a)(j)	Lending Club		03/16/2022		11,393		11,393		10,988
187120238.SRDLC, 28.49%, 03/18/2025 (a)(j)	Lending Club		03/22/2022		2,597		2,625		2,565
187120319.SRDLC, 30.99%, 03/11/2027 (a)(j)	Lending Club		03/15/2022		23,858		24,143		23,478
187121118.SRDLC, 17.99%, 03/11/2025 (a)(j)(k)	Lending Club		03/15/2022		10,579		10,716		4,324
187122896.SRDLC, 30.99%, 03/29/2027 (a)(j)	Lending Club		03/31/2022		5,676		5,741		5,529
187123648.SRDLC, 30.99%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		9,460		9,580		9,221
187123953.SRDLC, 30.49%, 03/16/2027 (a)(j)	Lending Club		03/18/2022		4,726		4,784		4,674
187125258.SRDLC, 8.99%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		12,886		12,886		12,704
187125272.SRDLC, 9.99%, 03/11/2027 (a)(j)	Lending Club		03/15/2022		9,073		9,073		8,855
187127273.SRDLC, 30.99%, 03/25/2025 (a)(j)	Lending Club		03/16/2022		5,287		5,346		5,215
187128843.SRDLC, 30.99%, 03/20/2027 (a)(j)(k)	Lending Club		03/15/2022		8,979		9,096		8,924
187129496.SRDLC, 30.99%, 03/25/2027 (a)(j)	Lending Club		03/14/2022		17,295		17,295		16,538
187131130.SRDLC, 15.69%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		5,857		5,857		5,660
187131674.SRDLC, 22.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		2,822		2,853		2,796
187132024.SRDLC, 15.49%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		1,992		2,013		1,970
187132605.SRDLC, 15.99%, 03/21/2027 (a)(j)	Lending Club		03/15/2022		36,972		36,972		35,809
187133370.SRDLC, 28.99%, 04/30/2025 (a)(j)(k)	Lending Club		03/15/2022		3,721		3,769		3,679
187133675.SRDLC, 24.99%, 03/20/2027 (a)(j)	Lending Club		03/15/2022		6,127		6,201		6,057
187134429.SRDLC, 17.99%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		8,451		8,542		8,362
187134949.SRDLC, 30.24%, 03/10/2027 (a)(j)	Lending Club		03/22/2022		18,751		18,979		18,475
187137324.SRDLC, 25.99%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		1,722		1,722		1,652
187137965.SRDLC, 4.99%, 03/15/2025 (a)(j)	Lending Club		03/16/2022		12,258		12,258		12,093
187140773.SRDLC, 27.99%, 03/15/2027 (a)(j)	Lending Club		03/17/2022		5,648		5,717		5,636

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

43

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

							��
	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187142052.SRDLC, 5.59%, 03/14/2025 (a)(j)	Lending Club		03/16/2022	$	14,732	$	14,732	$	14,524
187142957.SRDLC, 6.59%, 03/15/2027 (a)(j)	Lending Club		03/16/2022		17,581		17,581		17,251
187143408.SRDLC, 12.34%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		36,496		36,496		35,390
187143516.SRDLC, 22.99%, 03/07/2025 (a)(j)	Lending Club		03/15/2022		8,564		8,656		8,452
187144146.SRDLC, 8.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		27,152		27,152		26,641
187144338.SRDLC, 30.99%, 04/04/2025 (a)(j)(k)	Lending Club		04/06/2022		6,500		6,585		2,771
187145482.SRDLC, 30.99%, 03/15/2025 (a)(j)	Lending Club		03/15/2022		1,311		1,326		1,290
187145522.SRDLC, 14.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		10,097		10,097		9,793
187146211.SRDLC, 6.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		13,507		13,507		13,251
187148537.SRDLC, 19.49%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		1,696		1,715		1,675
187148647.SRDLC, 30.99%, 03/22/2027 (a)(j)(k)	Lending Club		03/22/2022		7,010		7,101		1,949
187149771.SRDLC, 27.99%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		1,038		1,037		995
187149966.SRDLC, 14.49%, 03/25/2025 (a)(j)	Lending Club		03/16/2022		8,423		8,423		8,221
187151370.SRDLC, 30.99%, 03/17/2025 (a)(j)	Lending Club		03/15/2022		8,749		8,847		8,634
187151404.SRDLC, 15.69%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		2,521		2,521		2,437
187152660.SRDLC, 7.09%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		16,436		16,436		16,204
187153068.SRDLC, 30.99%, 03/29/2026 (a)(j)(k)	Lending Club		03/31/2022		9,311		9,415		9,111
187153289.SRDLC, 7.59%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		11,850		11,850		11,683
187155317.SRDLC, 9.59%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		3,309		3,309		3,245
187156154.SRDLC, 26.99%, 03/15/2025 (a)(j)(k)	Lending Club		03/17/2022		12,000		12,143		1,745
187156614.SRDLC, 26.74%, 03/11/2025 (a)(j)	Lending Club		03/15/2022		5,173		5,230		5,096
187156876.SRDLC, 10.19%, 03/27/2027 (a)(j)	Lending Club		03/16/2022		10,937		10,937		10,690
187157596.SRDLC, 19.96%, 03/20/2025 (a)(j)	Lending Club		03/16/2022		15,349		15,349		14,774
187158857.SRDLC, 20.99%, 03/26/2025 (a)(j)	Lending Club		03/17/2022		3,905		3,948		3,862
187158989.SRDLC, 7.74%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		32,930		32,930		32,466
187159686.SRDLC, 22.49%, 04/14/2027 (a)(j)	Lending Club		03/16/2022		37,287		37,287		35,492
187161193.SRDLC, 22.99%, 03/11/2025 (a)(j)(k)	Lending Club		03/15/2022		4,512		4,571		1,961
187161794.SRDLC, 16.39%, 04/06/2027 (a)(j)	Lending Club		04/08/2022		14,361		14,361		13,870
187161851.SRDLC, 24.99%, 03/14/2025 (a)(j)(k)	Lending Club		03/16/2022		9,420		9,420		523
187162945.SRDLC, 24.49%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		9,176		9,289		9,030
187163922.SRDLC, 28.24%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		14,127		14,298		14,090
187163955.SRDLC, 18.74%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		4,997		5,056		4,912
187164598.SRDLC, 30.99%, 03/29/2027 (a)(j)	Lending Club		03/31/2022		5,676		5,741		5,529
187165466.SRDLC, 19.49%, 03/30/2025 (a)(j)(k)	Lending Club		03/17/2022		8,855		8,970		1,288
187165663.SRDLC, 30.99%, 03/14/2025 (a)(j)(k)	Lending Club		03/16/2022		9,289		9,410		2,488
187165954.SRDLC, 27.49%, 03/15/2027 (a)(j)	Lending Club		03/17/2022		5,644		5,712		5,632
187166501.SRDLC, 25.49%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		2,989		3,022		2,949
187166799.SRDLC, 11.19%, 03/15/2027 (a)(j)	Lending Club		03/16/2022		36,410		36,410		35,585
187170600.SRDLC, 23.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		18,696		18,921		18,468
187170952.SRDLC, 20.49%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		3,549		3,549		3,408
187171695.SRDLC, 7.59%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		3,292		3,292		3,246
187171712.SRDLC, 22.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		4,703		4,754		4,659
187172025.SRDLC, 23.49%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		2,219		2,245		2,198
187172125.SRDLC, 30.99%, 03/29/2027 (a)(j)	Lending Club		03/31/2022		14,190		14,352		13,823
187173507.SRDLC, 22.99%, 03/01/2025 (a)(j)	Lending Club		03/16/2022		6,331		6,400		6,243
187175139.SRDLC, 22.99%, 03/29/2025 (a)(j)	Lending Club		03/16/2022		8,650		8,746		8,602
187175565.SRDLC, 20.49%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		6,544		6,615		6,463
187177101.SRDLC, 13.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		8,368		8,457		8,284
187177117.SRDLC, 28.99%, 03/31/2025 (a)(j)	Lending Club		03/16/2022		2,496		2,525		2,460
187177496.SRDLC, 27.99%, 03/14/2024 (a)(j)(k)	Lending Club		03/16/2022		1,594		1,615		1,570
187181524.SRDLC, 27.99%, 03/25/2025 (a)(j)	Lending Club		03/17/2022		7,334		7,417		7,256
187181621.SRDLC, 30.49%, 04/19/2027 (a)(j)(k)	Lending Club		04/06/2022		8,400		8,509		1,221
187185335.SRDLC, 24.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		2,147		2,171		2,119
187185579.SRDLC, 23.74%, 03/20/2025 (a)(j)	Lending Club		03/17/2022		7,226		7,305		7,153
187185770.SRDLC, 23.49%, 03/02/2027 (a)(j)	Lending Club		03/16/2022		8,326		8,426		8,220
187185872.SRDLC, 27.99%, 03/20/2025 (a)(j)	Lending Club		03/16/2022		2,088		2,111		2,056
187191386.SRDLC, 30.99%, 03/14/2027 (a)(j)(k)	Lending Club		03/16/2022		14,436		14,612		14,228

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

44

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187192260.SRDLC, 25.49%, 03/14/2025 (a)(j)	Lending Club		03/16/2022	$	3,869	$	3,912	$	3,819
187194642.SRDLC, 28.99%, 03/17/2025 (a)(j)	Lending Club		03/16/2022		4,346		4,394		4,277
187196077.SRDLC, 28.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		5,658		5,727		5,643
187196888.SRDLC, 13.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		6,903		6,977		6,834
187199260.SRDLC, 15%, 08/14/2027 (a)(j)(k)	Lending Club		03/16/2022		4,964		5,027		2,819
187202745.SRDLC, 30.99%, 03/26/2025 (a)(j)	Lending Club		03/23/2022		2,275		2,301		2,251
187202884.SRDLC, 23.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		7,852		7,947		7,776
187204003.SRDLC, 20.24%, 03/29/2025 (a)(j)	Lending Club		03/31/2022		2,549		2,576		2,511
187204897.SRDLC, 18.99%, 04/04/2024 (a)(j)	Lending Club		04/06/2022		3,764		3,801		3,727
187205484.SRDLC, 20.99%, 03/14/2025 (a)(j)(k)	Lending Club		03/16/2022		5,503		5,574		1,327
187207505.SRDLC, 30.99%, 03/14/2026 (a)(j)	Lending Club		03/16/2022		15,157		15,336		14,956
187208713.SRDLC, 29.24%, 03/17/2026 (a)(j)	Lending Club		03/21/2022		4,578		4,632		4,526
187208730.SRDLC, 19.49%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		3,053		3,086		3,017
187210013.SRDLC, 30.99%, 03/29/2027 (a)(j)(k)	Lending Club		03/31/2022		14,160		14,329		13,809
187210693.SRDLC, 28.49%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		21,638		21,877		21,340
187212284.SRDLC, 30.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		1,305		1,320		1,290
187212490.SRDLC, 28.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		3,032		3,066		2,991
187214657.SRDLC, 30.99%, 03/28/2027 (a)(j)	Lending Club		03/23/2022		7,427		7,518		7,379
187216159.SRDLC, 30.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		3,132		3,167		3,096
187216699.SRDLC, 19.49%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		2,544		2,572		2,514
187219138.SRDLC, 30.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		7,946		8,043		7,850
187219910.SRDLC, 17.99%, 03/18/2025 (a)(j)	Lending Club		03/22/2022		2,530		2,557		2,507
187220895.SRDLC, 16.99%, 03/01/2025 (a)(j)	Lending Club		03/16/2022		3,346		3,382		3,304
187222056.SRDLC, 28.49%, 03/25/2027 (a)(j)	Lending Club		03/29/2022		12,248		12,398		12,277
187222188.SRDLC, 23.49%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		9,339		9,452		9,225
187223726.SRDLC, 15.49%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		840		849		833
187225809.SRDLC, 30.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		14,190		14,363		14,070
187225907.SRDLC, 24.99%, 03/15/2027 (a)(j)	Lending Club		03/17/2022		6,555		6,635		6,458
187227077.SRDLC, 17.99%, 03/15/2025 (a)(j)	Lending Club		03/16/2022		12,683		12,821		12,564
187227226.SRDLC, 28.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		866		876		854
187227612.SRDLC, 30.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		9,460		9,575		9,346
187228160.SRDLC, 26.49%, 03/17/2025 (a)(j)	Lending Club		03/21/2022		4,309		4,356		4,257
187228476.SRDLC, 30.99%, 03/20/2027 (a)(j)	Lending Club		03/16/2022		13,637		13,804		13,331
187228732.SRDLC, 19.49%, 03/14/2025 (a)(j)(k)	Lending Club		03/16/2022		847		857		837
187228869.SRDLC, 12.54%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		5,419		5,477		5,364
187229868.SRDLC, 29.99%, 03/21/2025 (a)(j)	Lending Club		03/16/2022		8,750		8,848		8,627
187230381.SRDLC, 13.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		5,523		5,582		5,467
187230799.SRDLC, 14.24%, 03/15/2025 (a)(j)	Lending Club		03/17/2022		2,679		2,708		2,653
187231533.SRDLC, 21.99%, 03/16/2025 (a)(j)	Lending Club		03/18/2022		8,531		8,624		8,458
187232276.SRDLC, 28.99%, 03/14/2025 (a)(j)(k)	Lending Club		03/16/2022		1,444		1,463		210
187232739.SRDLC, 30.49%, 03/15/2027 (a)(j)	Lending Club		03/17/2022		7,562		7,654		7,475
187233907.SRDLC, 21.49%, 03/15/2025 (a)(j)	Lending Club		03/17/2022		4,261		4,307		4,211
187235755.SRDLC, 20.99%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		14,872		15,050		14,665
187238400.SRDLC, 17.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		5,916		5,979		5,856
187238457.SRDLC, 18.74%, 03/14/2027 (a)(j)	Lending Club		03/16/2022		7,865		7,959		7,731
187239832.SRDLC, 21.99%, 03/15/2025 (a)(j)	Lending Club		03/17/2022		3,839		3,881		3,805
187241100.SRDLC, 28.99%, 03/22/2025 (a)(j)(k)	Lending Club		03/17/2022		10,000		10,130		1,454
187241147.SRDLC, 30.99%, 03/14/2025 (a)(j)	Lending Club		03/16/2022		2,175		2,199		2,150
187241800.SRDLC, 30.99%, 03/17/2027 (a)(j)	Lending Club		03/17/2022		13,273		13,404		13,106
187242033.SRDLC, 30.24%, 03/17/2027 (a)(j)	Lending Club		03/21/2022		14,173		14,346		14,025
187242298.SRDLC, 28.99%, 03/15/2025 (a)(j)	Lending Club		03/17/2022		3,898		3,941		3,846
187242328.SRDLC, 17.99%, 03/15/2025 (a)(j)	Lending Club		03/17/2022		6,972		7,047		6,904
187243100.SRDLC, 18.49%, 03/15/2026 (a)(j)	Lending Club		03/17/2022		5,374		5,436		5,305
187243392.SRDLC, 30.99%, 03/21/2025 (a)(j)(k)	Lending Club		03/23/2022		3,980		4,032		550
187244144.SRDLC, 26.99%, 09/15/2025 (a)(j)(k)	Lending Club		03/17/2022		2,522		2,551		2,515
187244325.SRDLC, 22.49%, 03/15/2025 (a)(j)(k)	Lending Club		03/17/2022		11,523		11,672		1,675
187246625.SRDLC, 30.99%, 03/30/2027 (a)(j)(k)	Lending Club		03/17/2022		14,518		14,701		14,332

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

45

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187247273.SRDLC, 20.49%, 03/15/2027 (a)(j)(k)	Lending Club		03/17/2022	$	11,398	$	11,546	$	4,814
187254153.SRDLC, 8.99%, 04/16/2025 (a)(j)	Lending Club		04/11/2022		5,829		5,829		5,753
187256106.SRDLC, 30.99%, 03/27/2027 (a)(j)	Lending Club		03/18/2022		8,609		8,721		8,540
187257769.SRDLC, 19.74%, 03/21/2025 (a)(j)	Lending Club		03/17/2022		8,525		8,617		8,429
187258824.SRDLC, 28.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,434		4,484		4,298
187259128.SRDLC, 30.99%, 03/18/2025 (a)(j)	Lending Club		03/17/2022		872		882		861
187265375.SRDLC, 22.99%, 03/15/2025 (a)(j)	Lending Club		03/17/2022		8,551		8,644		8,474
187266158.SRDLC, 17.99%, 03/15/2025 (a)(j)	Lending Club		03/17/2022		3,380		3,417		3,347
187266552.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		11,452		11,592		11,009
187266613.SRDLC, 27.99%, 03/28/2027 (a)(j)	Lending Club		03/17/2022		5,718		5,792		5,689
187272493.SRDLC, 13.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		6,026		6,092		5,924
187273036.SRDLC, 28.49%, 04/15/2027 (a)(j)	Lending Club		04/06/2022		11,529		11,679		11,204
187273576.SRDLC, 27.49%, 03/17/2027 (a)(j)	Lending Club		03/17/2022		8,480		8,583		8,453
187274598.SRDLC, 19.49%, 03/22/2026 (a)(j)	Lending Club		03/17/2022		9,018		9,122		8,920
187275330.SRDLC, 30.49%, 03/15/2027 (a)(j)(k)	Lending Club		03/17/2022		4,964		5,028		722
187276102.SRDLC, 30.99%, 03/23/2025 (a)(j)(k)	Lending Club		03/25/2022		2,896		2,933		421
187278011.SRDLC, 30.99%, 03/15/2027 (a)(j)	Lending Club		03/17/2022		11,352		11,490		11,221
187278656.SRDLC, 26.24%, 03/15/2026 (a)(j)(k)	Lending Club		03/17/2022		24,081		24,394		4,344
187280200.SRDLC, 5%, 03/30/2026 (a)(j)	Lending Club		03/17/2022		5,590		5,635		4,056
187280297.SRDLC, 30.99%, 03/09/2025 (a)(j)	Lending Club		03/17/2022		6,480		6,552		6,404
187282942.SRDLC, 13.99%, 03/15/2025 (a)(j)	Lending Club		03/17/2022		5,198		5,253		5,148
187283205.SRDLC, 26.24%, 03/18/2025 (a)(j)	Lending Club		03/22/2022		3,617		3,657		3,575
187284415.SRDLC, 14.24%, 03/30/2025 (a)(j)	Lending Club		03/23/2022		3,784		3,825		3,762
187285539.SRDLC, 30.99%, 03/22/2027 (a)(j)	Lending Club		03/17/2022		4,761		4,819		4,715
187288192.SRDLC, 28.99%, 03/16/2025 (a)(j)	Lending Club		03/18/2022		4,332		4,380		4,276
187289700.SRDLC, 27.99%, 03/15/2025 (a)(j)	Lending Club		03/17/2022		4,323		4,371		4,265
187291064.SRDLC, 30.49%, 03/16/2027 (a)(j)	Lending Club		03/18/2022		14,179		14,352		14,023
187292781.SRDLC, 21.49%, 03/16/2025 (a)(j)	Lending Club		03/18/2022		307		311		305
187296926.SRDLC, 18.99%, 03/16/2027 (a)(j)	Lending Club		03/18/2022		7,406		7,495		7,284
187297380.SRDLC, 8.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		22,962		22,962		22,646
187297514.SRDLC, 28.99%, 03/28/2025 (a)(j)	Lending Club		03/23/2022		8,722		8,820		8,638
187297824.SRDLC, 20.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		6,639		6,711		6,572
187298430.SRDLC, 30.99%, 03/29/2027 (a)(j)	Lending Club		03/31/2022		9,320		9,422		9,093
187298940.SRDLC, 27.99%, 03/18/2025 (a)(j)(k)	Lending Club		03/22/2022		5,361		5,422		5,287
187299086.SRDLC, 20.99%, 03/18/2025 (a)(j)	Lending Club		03/22/2022		4,256		4,302		4,210
187299402.SRDLC, 20.49%, 03/16/2027 (a)(j)	Lending Club		03/18/2022		7,849		7,943		7,764
187299766.SRDLC, 18.99%, 03/16/2027 (a)(j)	Lending Club		03/18/2022		8,865		8,970		8,718
187300111.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		9,543		9,660		9,174
187300531.SRDLC, 30.99%, 04/15/2025 (a)(j)(k)	Lending Club		04/07/2022		7,429		7,525		—
187300979.SRDLC, 19.99%, 03/07/2025 (a)(j)	Lending Club		03/24/2022		2,940		2,972		2,909
187301254.SRDLC, 26.24%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		2,584		2,613		2,557
187302762.SRDLC, 20.49%, 03/02/2025 (a)(j)	Lending Club		03/18/2022		7,656		7,739		7,564
187304207.SRDLC, 30.99%, 04/04/2025 (a)(j)	Lending Club		03/30/2022		3,584		3,624		3,498
187305059.SRDLC, 14.24%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		8,373		8,463		8,300
187308704.SRDLC, 17.49%, 03/16/2025 (a)(j)	Lending Club		03/18/2022		5,064		5,119		5,016
187308972.SRDLC, 30.99%, 03/26/2026 (a)(j)	Lending Club		03/21/2022		5,558		5,625		5,510
187313739.SRDLC, 18.99%, 03/17/2025 (a)(j)	Lending Club		03/21/2022		7,625		7,707		7,556
187314680.SRDLC, 28.99%, 03/21/2025 (a)(j)(k)	Lending Club		03/23/2022		4,779		4,841		655
187315215.SRDLC, 23.49%, 03/16/2026 (a)(j)	Lending Club		03/18/2022		18,107		18,318		17,888
187315282.SRDLC, 30.99%, 03/24/2027 (a)(j)	Lending Club		03/28/2022		18,920		19,151		18,790
187315776.SRDLC, 26.24%, 03/26/2025 (a)(j)	Lending Club		03/18/2022		6,957		7,034		6,862
187317167.SRDLC, 17.99%, 03/25/2025 (a)(j)	Lending Club		03/18/2022		1,700		1,718		1,687
187317328.SRDLC, 23.49%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		7,285		7,373		7,214
187318442.SRDLC, 30.99%, 03/03/2027 (a)(j)(k)	Lending Club		03/18/2022		7,729		7,830		3,690
187320803.SRDLC, 30.99%, 03/16/2027 (a)(j)	Lending Club		03/18/2022		4,730		4,788		4,678
187322872.SRDLC, 20.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		3,625		3,663		3,567
187324350.SRDLC, 25.99%, 03/16/2025 (a)(j)	Lending Club		03/18/2022		3,483		3,517		3,434

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

46

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187324593.SRDLC, 17.99%, 04/13/2025 (a)(j)	Lending Club		04/06/2022	$	10,422	$	10,537	$	10,256
187324930.SRDLC, 30.99%, 03/16/2026 (a)(j)	Lending Club		03/18/2022		11,023		11,153		10,889
187325075.SRDLC, 17.49%, 03/12/2025 (a)(j)	Lending Club		03/21/2022		4,204		4,248		4,161
187326098.SRDLC, 17.99%, 03/16/2025 (a)(j)	Lending Club		03/18/2022		13,521		13,668		13,392
187326921.SRDLC, 23.99%, 04/20/2025 (a)(j)	Lending Club		04/07/2022		8,889		8,989		8,738
187327008.SRDLC, 30.99%, 03/29/2027 (a)(j)	Lending Club		03/31/2022		13,917		14,098		13,545
187329678.SRDLC, 15.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		4,037		4,080		4,001
187330323.SRDLC, 28.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		19,021		19,253		18,534
187331199.SRDLC, 24.99%, 03/18/2025 (a)(j)	Lending Club		03/22/2022		6,184		6,252		6,113
187332393.SRDLC, 22.49%, 03/16/2026 (a)(j)	Lending Club		03/18/2022		4,517		4,570		4,463
187332662.SRDLC, 26.49%, 03/16/2025 (a)(j)	Lending Club		03/18/2022		3,447		3,485		3,404
187333328.SRDLC, 15.99%, 03/18/2025 (a)(j)	Lending Club		03/22/2022		7,140		7,218		7,074
187334993.SRDLC, 30.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		9,460		9,576		9,380
187336142.SRDLC, 28.99%, 03/16/2025 (a)(j)(k)	Lending Club		03/18/2022		3,628		3,675		1,658
187337172.SRDLC, 30.99%, 03/16/2027 (a)(j)	Lending Club		03/18/2022		14,190		14,362		14,033
187337396.SRDLC, 20.99%, 03/17/2025 (a)(j)	Lending Club		03/21/2022		8,511		8,604		8,417
187337889.SRDLC, 28.99%, 03/17/2025 (a)(j)	Lending Club		03/21/2022		5,199		5,254		5,134
187340968.SRDLC, 24.99%, 04/18/2025 (a)(j)	Lending Club		04/06/2022		4,208		4,256		4,106
187341389.SRDLC, 16.99%, 03/02/2025 (a)(j)	Lending Club		03/21/2022		2,351		2,377		2,330
187344458.SRDLC, 23.49%, 03/17/2027 (a)(j)	Lending Club		03/21/2022		23,348		23,630		23,089
187344577.SRDLC, 28.99%, 03/21/2027 (a)(j)(k)	Lending Club		03/21/2022		8,299		8,407		827
187345282.SRDLC, 23.99%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		21,425		21,661		21,282
187346943.SRDLC, 30.99%, 03/25/2025 (a)(j)	Lending Club		03/21/2022		5,264		5,320		5,216
187347460.SRDLC, 18.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		5,373		5,431		5,326
187348658.SRDLC, 25.49%, 03/17/2025 (a)(j)	Lending Club		03/21/2022		4,072		4,117		4,014
187349522.SRDLC, 30.99%, 04/03/2025 (a)(j)	Lending Club		04/01/2022		10,716		10,838		10,312
187354823.SRDLC, 30.99%, 03/24/2027 (a)(j)	Lending Club		03/28/2022		4,730		4,788		4,698
187355184.SRDLC, 30.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		5,676		5,745		5,633
187356072.SRDLC, 24.99%, 03/31/2025 (a)(j)	Lending Club		03/21/2022		5,217		5,274		5,150
187356525.SRDLC, 30.49%, 03/24/2026 (a)(j)	Lending Club		03/21/2022		1,385		1,401		1,371
187361064.SRDLC, 18.49%, 03/17/2027 (a)(j)	Lending Club		03/21/2022		4,624		4,679		4,549
187362610.SRDLC, 28.99%, 03/18/2025 (a)(j)	Lending Club		03/22/2022		4,332		4,380		4,280
187363680.SRDLC, 17.99%, 03/17/2025 (a)(j)	Lending Club		03/21/2022		1,479		1,495		1,465
187365303.SRDLC, 20.49%, 03/17/2025 (a)(j)(k)	Lending Club		03/21/2022		2,708		2,743		660
187366874.SRDLC, 30.99%, 03/05/2025 (a)(j)	Lending Club		03/21/2022		4,293		4,341		4,219
187367777.SRDLC, 30.99%, 03/30/2026 (a)(j)	Lending Club		03/22/2022		11,153		11,287		11,078
187369277.SRDLC, 19.49%, 03/25/2025 (a)(j)	Lending Club		03/21/2022		1,706		1,724		1,687
187372411.SRDLC, 28.99%, 03/17/2025 (a)(j)(k)	Lending Club		03/21/2022		2,000		2,026		291
187372513.SRDLC, 24.49%, 03/17/2027 (a)(j)	Lending Club		03/21/2022		23,391		23,674		23,063
187375311.SRDLC, 19.49%, 04/05/2026 (a)(j)	Lending Club		04/07/2022		10,956		11,084		10,689
187376132.SRDLC, 23.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		12,855		12,997		12,765
187376316.SRDLC, 30.49%, 03/22/2027 (a)(j)	Lending Club		03/24/2022		9,452		9,568		9,378
187378370.SRDLC, 17.99%, 03/21/2025 (a)(j)	Lending Club		03/21/2022		3,049		3,082		3,022
187379565.SRDLC, 30.99%, 03/16/2027 (a)(j)(k)	Lending Club		03/22/2022		16,061		16,270		15,882
187382263.SRDLC, 30.99%, 03/04/2025 (a)(j)(k)	Lending Club		03/21/2022		7,335		7,430		1,898
187382692.SRDLC, 18.99%, 03/17/2025 (a)(j)	Lending Club		03/21/2022		8,471		8,563		8,392
187382979.SRDLC, 26.49%, 03/18/2027 (a)(j)	Lending Club		03/22/2022		9,390		9,504		9,262
187383199.SRDLC, 17.49%, 03/22/2025 (a)(j)	Lending Club		03/21/2022		8,153		8,242		8,095
187383572.SRDLC, 24.49%, 03/17/2027 (a)(j)	Lending Club		03/21/2022		7,349		7,437		7,256
187386845.SRDLC, 30.99%, 04/05/2027 (a)(j)(k)	Lending Club		03/23/2022		166		168		163
187390660.SRDLC, 19.49%, 09/28/2027 (a)(j)(k)	Lending Club		03/30/2022		17,764		17,995		2,583
187394985.SRDLC, 30.99%, 03/18/2025 (a)(j)	Lending Club		03/22/2022		10,441		10,558		10,343
187395731.SRDLC, 26.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		3,878		3,922		3,820
187398247.SRDLC, 28.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		1,733		1,752		1,714
187400455.SRDLC, 30.99%, 03/27/2025 (a)(j)	Lending Club		03/22/2022		1,316		1,331		1,299
187401784.SRDLC, 25.49%, 03/18/2025 (a)(j)	Lending Club		03/22/2022		5,159		5,216		5,099
187401895.SRDLC, 20.49%, 03/22/2025 (a)(j)	Lending Club		03/22/2022		13,638		13,787		13,505

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

47

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187402002.SRDLC, 23.99%, 03/18/2025 (a)(j)	Lending Club		03/22/2022	$	4,114	$	4,159	$	4,081
187403421.SRDLC, 24.99%, 03/18/2025 (a)(j)	Lending Club		03/22/2022		3,436		3,474		3,396
187404590.SRDLC, 23.99%, 03/18/2027 (a)(j)	Lending Club		03/22/2022		9,348		9,461		9,247
187407657.SRDLC, 23.49%, 03/18/2026 (a)(j)	Lending Club		03/22/2022		10,864		10,991		10,740
187410207.SRDLC, 19.99%, 03/20/2025 (a)(j)	Lending Club		03/22/2022		4,251		4,297		4,207
187412866.SRDLC, 30.49%, 03/18/2027 (a)(j)	Lending Club		03/22/2022		9,412		9,527		9,317
187413846.SRDLC, 19.99%, 03/21/2025 (a)(j)	Lending Club		03/22/2022		4,244		4,290		4,201
187415660.SRDLC, 28.99%, 04/05/2025 (a)(j)	Lending Club		03/24/2022		3,595		3,636		3,507
187417087.SRDLC, 30.99%, 03/01/2025 (a)(j)(k)	Lending Club		03/23/2022		2,697		2,728		2,637
187418071.SRDLC, 27.49%, 03/21/2027 (a)(j)(k)	Lending Club		03/23/2022		5,803		5,879		1,537
187418539.SRDLC, 23.99%, 03/01/2025 (a)(j)(k)	Lending Club		03/22/2022		8,787		8,883		8,664
187419334.SRDLC, 30.99%, 03/30/2027 (a)(j)(k)	Lending Club		04/01/2022		4,776		4,838		4,574
187419808.SRDLC, 28.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		3,465		3,504		3,428
187420524.SRDLC, 30.99%, 03/18/2027 (a)(j)(k)	Lending Club		03/22/2022		6,749		6,837		3,275
187422244.SRDLC, 30.99%, 03/18/2027 (a)(j)(k)	Lending Club		03/22/2022		11,736		11,889		3,161
187423593.SRDLC, 17.99%, 03/25/2024 (a)(j)	Lending Club		03/22/2022		4,488		4,531		4,473
187425427.SRDLC, 30.99%, 03/29/2025 (a)(j)	Lending Club		03/31/2022		7,235		7,311		7,112
187425429.SRDLC, 17.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		4,084		4,129		4,049
187426440.SRDLC, 28.49%, 03/21/2027 (a)(j)(k)	Lending Club		03/23/2022		4,758		4,817		4,706
187427964.SRDLC, 30.99%, 03/31/2027 (a)(j)(k)	Lending Club		03/24/2022		14,484		14,672		14,119
187428232.SRDLC, 22.49%, 03/28/2025 (a)(j)	Lending Club		03/23/2022		3,001		3,035		2,983
187428738.SRDLC, 22.99%, 03/21/2025 (a)(j)(k)	Lending Club		03/23/2022		5,517		5,589		1,395
187429515.SRDLC, 22.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		3,416		3,454		3,393
187429965.SRDLC, 28.99%, 03/16/2024 (a)(j)	Lending Club		03/23/2022		913		921		917
187430493.SRDLC, 28.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		3,146		3,181		3,049
187433972.SRDLC, 19.99%, 03/29/2025 (a)(j)	Lending Club		03/31/2022		12,737		12,871		12,546
187435110.SRDLC, 17.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		844		853		837
187435569.SRDLC, 30.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		18,920		19,151		18,761
187437735.SRDLC, 28.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		8,664		8,761		8,572
187437994.SRDLC, 24.99%, 04/04/2025 (a)(j)(k)	Lending Club		04/01/2022		2,187		2,210		2,110
187441218.SRDLC, 13.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		6,694		6,766		6,636
187441493.SRDLC, 30.49%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		18,905		19,136		18,747
187441544.SRDLC, 30.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		7,312		7,395		7,230
187442318.SRDLC, 17.99%, 03/02/2025 (a)(j)(k)	Lending Club		03/23/2022		8,739		8,834		8,643
187442715.SRDLC, 25.49%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		18,747		18,974		18,514
187444837.SRDLC, 30.99%, 03/28/2027 (a)(j)	Lending Club		03/23/2022		7,427		7,518		7,379
187445072.SRDLC, 18.49%, 03/31/2025 (a)(j)	Lending Club		03/23/2022		2,555		2,584		2,523
187446671.SRDLC, 28.99%, 03/31/2025 (a)(j)	Lending Club		03/23/2022		3,059		3,094		3,021
187447133.SRDLC, 28.99%, 03/21/2027 (a)(j)(k)	Lending Club		03/23/2022		4,884		4,947		1,295
187447300.SRDLC, 30.49%, 04/01/2027 (a)(j)(k)	Lending Club		03/23/2022		5,653		5,726		5,543
187447743.SRDLC, 30.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		9,460		9,576		9,380
187447912.SRDLC, 30.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		14,190		14,364		14,123
187448298.SRDLC, 30.99%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		4,350		4,399		4,319
187448526.SRDLC, 23.49%, 03/31/2025 (a)(j)(k)	Lending Club		03/24/2022		4,705		4,766		864
187449396.SRDLC, 18.99%, 03/22/2027 (a)(j)	Lending Club		03/24/2022		14,812		14,990		14,588
187450206.SRDLC, 23.99%, 03/21/2027 (a)(j)(k)	Lending Club		03/23/2022		6,864		6,949		6,825
187452751.SRDLC, 28.74%, 03/16/2025 (a)(j)	Lending Club		03/30/2022		21,373		21,612		21,186
187452870.SRDLC, 21.49%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		6,210		6,281		6,055
187453710.SRDLC, 17.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		6,857		6,924		6,796
187453785.SRDLC, 25.49%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		19,122		19,353		18,889
187454106.SRDLC, 22.74%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		4,102		4,147		4,073
187454945.SRDLC, 22.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		6,413		6,483		6,368
187455901.SRDLC, 22.74%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		1,709		1,728		1,697
187456488.SRDLC, 30.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		9,460		9,576		9,380
187456902.SRDLC, 21.49%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		8,862		8,960		8,790
187457770.SRDLC, 22.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		2,736		2,766		2,717
187457805.SRDLC, 30.99%, 04/03/2027 (a)(j)(k)	Lending Club		03/23/2022		5,884		5,961		1,081

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

48

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187460656.SRDLC, 22.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022	$	8,541	$	8,635	$	8,468
187461821.SRDLC, 22.99%, 03/21/2025 (a)(j)(k)	Lending Club		03/23/2022		4,907		4,970		713
187462931.SRDLC, 30.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		14,190		14,363		14,070
187465329.SRDLC, 16.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		13,829		13,994		13,614
187467222.SRDLC, 20.49%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		6,546		6,617		6,484
187467259.SRDLC, 17.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		5,577		5,638		5,529
187469218.SRDLC, 25.49%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		13,452		13,615		13,265
187470501.SRDLC, 25.49%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		9,373		9,487		9,257
187470658.SRDLC, 29.74%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		2,169		2,194		2,153
187473488.SRDLC, 24.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		4,295		4,342		4,250
187473519.SRDLC, 24.99%, 07/21/2025 (a)(j)(k)	Lending Club		03/23/2022		4,120		4,174		599
187474710.SRDLC, 24.49%, 03/08/2024 (a)(j)	Lending Club		03/23/2022		9,332		9,422		9,360
187474925.SRDLC, 30.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		10,949		11,055		10,826
187475141.SRDLC, 23.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		3,424		3,462		3,400
187475589.SRDLC, 24.99%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		8,985		9,100		8,873
187479960.SRDLC, 30.99%, 03/22/2025 (a)(j)(k)	Lending Club		03/23/2022		9,105		9,208		8,894
187480312.SRDLC, 25.99%, 03/15/2027 (a)(j)	Lending Club		03/28/2022		5,585		5,652		5,519
187480766.SRDLC, 30.99%, 03/23/2027 (a)(j)	Lending Club		03/23/2022		9,483		9,599		9,383
187480898.SRDLC, 30.49%, 03/21/2026 (a)(j)	Lending Club		03/23/2022		18,355		18,573		18,181
187481809.SRDLC, 23.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		4,003		4,048		3,967
187481988.SRDLC, 22.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		5,583		5,641		5,536
187483864.SRDLC, 22.99%, 03/21/2024 (a)(j)	Lending Club		03/23/2022		4,522		4,566		4,540
187484926.SRDLC, 19.99%, 03/22/2024 (a)(j)	Lending Club		03/24/2022		5,984		6,042		5,973
187485299.SRDLC, 30.99%, 03/22/2027 (a)(j)	Lending Club		03/24/2022		14,190		14,345		14,089
187485758.SRDLC, 30.49%, 03/23/2027 (a)(j)	Lending Club		03/25/2022		11,343		11,481		11,260
187486081.SRDLC, 30.99%, 10/19/2025 (a)(j)(k)	Lending Club		04/06/2022		9,607		9,732		6,183
187486551.SRDLC, 28.49%, 03/31/2025 (a)(j)	Lending Club		03/23/2022		2,623		2,652		2,593
187487027.SRDLC, 21.99%, 03/21/2025 (a)(j)(k)	Lending Club		03/23/2022		10,503		10,617		10,441
187488781.SRDLC, 22.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		4,100		4,145		4,071
187489002.SRDLC, 17.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		3,798		3,839		3,765
187489246.SRDLC, 24.49%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		6,272		6,348		6,193
187492842.SRDLC, 15.54%, 03/21/2027 (a)(j)	Lending Club		03/23/2022		5,514		5,580		5,428
187493017.SRDLC, 30.99%, 03/22/2027 (a)(j)(k)	Lending Club		03/24/2022		9,780		9,907		2,719
187493386.SRDLC, 5.99%, 04/15/2025 (a)(j)	Lending Club		04/06/2022		21,185		21,185		20,907
187493907.SRDLC, 24.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		2,561		2,589		2,534
187493953.SRDLC, 24.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		2,362		2,388		2,337
187495095.SRDLC, 18.99%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		4,744		4,795		4,703
187495162.SRDLC, 21.99%, 03/21/2026 (a)(j)	Lending Club		03/23/2022		2,708		2,739		2,679
187495905.SRDLC, 30.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		14,190		14,364		14,123
187496148.SRDLC, 20.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		1,403		1,418		1,389
187499615.SRDLC, 17.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		6,752		6,826		6,694
187504263.SRDLC, 18.99%, 04/19/2027 (a)(j)	Lending Club		04/06/2022		6,807		6,890		6,635
187507529.SRDLC, 19.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		2,802		2,834		2,761
187509207.SRDLC, 30.49%, 03/21/2025 (a)(j)	Lending Club		03/23/2022		6,954		7,022		6,876
187510418.SRDLC, 30.99%, 04/04/2027 (a)(j)(k)	Lending Club		03/30/2022		14,391		14,568		14,105
187511213.SRDLC, 26.49%, 03/24/2025 (a)(j)	Lending Club		03/28/2022		5,602		5,664		5,549
187512182.SRDLC, 25.49%, 03/22/2027 (a)(j)	Lending Club		03/24/2022		8,998		9,108		8,890
187512697.SRDLC, 22.99%, 03/05/2025 (a)(j)(k)	Lending Club		03/24/2022		4,425		4,474		4,366
187514131.SRDLC, 30.99%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		18,920		19,160		18,441
187515864.SRDLC, 13.99%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		6,276		6,343		6,222
187515959.SRDLC, 22.99%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		1,710		1,729		1,699
187515980.SRDLC, 24.99%, 03/24/2027 (a)(j)	Lending Club		03/28/2022		9,365		9,478		9,260
187516507.SRDLC, 6.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		18,645		18,645		18,389
187518035.SRDLC, 20.49%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		6,801		6,875		6,735
187518043.SRDLC, 29.74%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		4,165		4,212		4,136
187518225.SRDLC, 20.49%, 03/23/2027 (a)(j)	Lending Club		03/25/2022		5,571		5,638		5,507
187518815.SRDLC, 27.99%, 03/22/2025 (a)(j)(k)	Lending Club		03/24/2022		3,372		3,416		490

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

49

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187518895.SRDLC, 22.49%, 03/23/2027 (a)(j)	Lending Club		03/25/2022	$	7,830	$	7,925	$	7,760
187519245.SRDLC, 30.49%, 03/23/2027 (a)(j)	Lending Club		03/25/2022		11,190		11,327		11,096
187520954.SRDLC, 22.49%, 04/06/2027 (a)(j)(k)	Lending Club		03/24/2022		9,512		9,628		9,392
187523529.SRDLC, 30.49%, 04/15/2027 (a)(j)(k)	Lending Club		04/07/2022		10,451		10,584		10,054
187524265.SRDLC, 24.99%, 03/22/2027 (a)(j)(k)	Lending Club		03/24/2022		5,592		5,662		5,521
187526342.SRDLC, 19.49%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		6,270		6,340		6,138
187526379.SRDLC, 5.99%, 04/15/2025 (a)(j)	Lending Club		04/13/2022		33,848		33,848		33,413
187528155.SRDLC, 23.99%, 05/08/2025 (a)(j)	Lending Club		04/29/2022		10,168		10,168		9,763
187529725.SRDLC, 28.99%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		17,323		17,517		17,145
187530390.SRDLC, 28.99%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		2,599		2,628		2,573
187531536.SRDLC, 25.99%, 04/05/2025 (a)(j)	Lending Club		03/24/2022		14,764		14,933		14,394
187531570.SRDLC, 25.49%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		6,750		6,826		6,672
187532223.SRDLC, 22.49%, 03/22/2027 (a)(j)(k)	Lending Club		03/24/2022		6,652		6,731		6,556
187534180.SRDLC, 5.59%, 04/03/2025 (a)(j)(k)	Lending Club		04/14/2022		74		74		74
187535359.SRDLC, 30.99%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		4,350		4,399		4,321
187536934.SRDLC, 30.49%, 03/23/2027 (a)(j)(k)	Lending Club		03/25/2022		7,055		7,147		1,405
187540531.SRDLC, 22.99%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		8,551		8,645		8,494
187542274.SRDLC, 30.49%, 03/22/2027 (a)(j)	Lending Club		03/24/2022		7,940		8,037		7,878
187542436.SRDLC, 30.49%, 03/24/2027 (a)(j)	Lending Club		03/28/2022		9,452		9,568		9,388
187543108.SRDLC, 23.99%, 03/23/2027 (a)(j)	Lending Club		03/25/2022		14,022		14,192		13,896
187543709.SRDLC, 17.99%, 03/22/2025 (a)(j)	Lending Club		03/24/2022		16,902		17,086		16,759
187545735.SRDLC, 30.99%, 03/23/2027 (a)(j)(k)	Lending Club		03/25/2022		11,826		11,980		1,720
187547112.SRDLC, 23.49%, 04/01/2027 (a)(j)(k)	Lending Club		03/25/2022		4,739		4,796		4,670
187547337.SRDLC, 19.49%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		4,241		4,288		4,178
187547351.SRDLC, 27.99%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		4,323		4,371		4,281
187547558.SRDLC, 30.99%, 03/25/2027 (a)(j)	Lending Club		03/29/2022		4,748		4,807		4,719
187547562.SRDLC, 30.99%, 03/24/2025 (a)(j)	Lending Club		03/28/2022		6,961		7,039		6,918
187547644.SRDLC, 27.79%, 04/12/2025 (a)(j)	Lending Club		04/11/2022		22,232		22,232		21,379
187547926.SRDLC, 19.49%, 03/25/2025 (a)(j)	Lending Club		03/29/2022		4,241		4,287		4,203
187548413.SRDLC, 30.99%, 03/28/2027 (a)(j)(k)	Lending Club		03/30/2022		9,535		9,659		1,865
187548600.SRDLC, 30.49%, 04/09/2027 (a)(j)(k)	Lending Club		03/28/2022		5,362		5,432		5,270
187548602.SRDLC, 22.49%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		9,323		9,435		9,262
187548640.SRDLC, 19.49%, 03/24/2027 (a)(j)	Lending Club		03/28/2022		8,180		8,279		8,084
187548817.SRDLC, 19.99%, 03/25/2025 (a)(j)	Lending Club		03/29/2022		2,123		2,146		2,104
187551152.SRDLC, 30.99%, 03/22/2027 (a)(j)	Lending Club		03/24/2022		6,602		6,688		6,549
187552176.SRDLC, 28.49%, 04/01/2027 (a)(j)	Lending Club		03/28/2022		8,137		8,241		8,020
187552397.SRDLC, 24.99%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		6,442		6,509		6,380
187552655.SRDLC, 15.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		21,024		21,257		20,768
187552772.SRDLC, 22.74%, 03/31/2025 (a)(j)	Lending Club		03/28/2022		5,157		5,216		5,073
187554738.SRDLC, 28.49%, 04/13/2027 (a)(j)(k)	Lending Club		03/30/2022		19,930		20,189		2,743
187559830.SRDLC, 23.99%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		8,570		8,665		8,516
187560748.SRDLC, 15%, 07/30/2025 (a)(j)(k)	Lending Club		03/25/2022		5,535		5,596		3,372
187561457.SRDLC, 30.99%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		1,044		1,056		1,037
187562351.SRDLC, 25.99%, 04/03/2025 (a)(j)	Lending Club		03/25/2022		13,351		13,500		13,052
187562521.SRDLC, 30.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		13,051		13,198		13,000
187563557.SRDLC, 17.99%, 03/15/2025 (a)(j)	Lending Club		03/29/2022		3,841		3,883		3,809
187564444.SRDLC, 27.49%, 03/23/2027 (a)(j)(k)	Lending Club		03/25/2022		4,960		5,025		721
187566077.SRDLC, 29.49%, 04/02/2026 (a)(j)	Lending Club		04/08/2022		9,252		9,363		8,916
187566191.SRDLC, 30.99%, 04/06/2027 (a)(j)	Lending Club		04/08/2022		4,771		4,830		4,592
187568029.SRDLC, 30.99%, 03/23/2027 (a)(j)	Lending Club		03/25/2022		14,190		14,363		14,085
187569851.SRDLC, 23.49%, 03/14/2027 (a)(j)	Lending Club		04/01/2022		13,823		13,991		13,447
187571871.SRDLC, 7.49%, 04/22/2027 (a)(j)	Lending Club		04/20/2022		2,109		2,109		2,072
187572979.SRDLC, 18.24%, 03/20/2025 (a)(j)	Lending Club		03/30/2022		4,009		4,053		3,973
187573397.SRDLC, 30.49%, 03/31/2025 (a)(j)	Lending Club		03/25/2022		4,383		4,432		4,344
187573654.SRDLC, 9.59%, 04/16/2025 (a)(j)	Lending Club		04/14/2022		21,345		21,345		20,973
187575336.SRDLC, 23.49%, 03/23/2027 (a)(j)(k)	Lending Club		03/25/2022		8,500		8,610		1,236
187576025.SRDLC, 30.99%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		11,352		11,496		11,065

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

50

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187580546.SRDLC, 28.99%, 03/15/2025 (a)(j)	Lending Club		03/28/2022	$	4,290	$	4,338	$	4,246
187581030.SRDLC, 30.99%, 03/26/2027 (a)(j)	Lending Club		03/25/2022		9,486		9,602		9,412
187581437.SRDLC, 30.99%, 03/28/2026 (a)(j)	Lending Club		03/25/2022		4,618		4,673		4,570
187583183.SRDLC, 30.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		3,654		3,697		3,585
187583199.SRDLC, 30.49%, 03/29/2027 (a)(j)	Lending Club		03/31/2022		9,452		9,561		9,208
187583216.SRDLC, 25.99%, 04/17/2027 (a)(j)	Lending Club		04/14/2022		13,701		13,701		13,121
187585796.SRDLC, 28.99%, 03/23/2024 (a)(j)	Lending Club		03/25/2022		1,836		1,854		1,847
187587017.SRDLC, 26.49%, 03/29/2025 (a)(j)	Lending Club		03/31/2022		10,146		10,253		9,963
187587643.SRDLC, 27.99%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		10,375		10,491		10,274
187588124.SRDLC, 30.99%, 03/29/2027 (a)(j)	Lending Club		03/25/2022		4,760		4,819		4,713
187588355.SRDLC, 30.99%, 03/23/2027 (a)(j)	Lending Club		03/25/2022		10,406		10,533		10,329
187592785.SRDLC, 30.99%, 03/24/2027 (a)(j)	Lending Club		03/28/2022		9,460		9,576		9,395
187593124.SRDLC, 17.99%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		3,803		3,844		3,771
187593444.SRDLC, 23.99%, 04/13/2027 (a)(j)(k)	Lending Club		04/15/2022		19,087		19,087		7,664
187593526.SRDLC, 18.99%, 05/14/2027 (a)(j)	Lending Club		04/14/2022		1,407		1,407		1,354
187593665.SRDLC, 21.49%, 03/24/2026 (a)(j)	Lending Club		03/28/2022		6,289		6,362		6,219
187593758.SRDLC, 15.99%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		3,364		3,400		3,336
187594268.SRDLC, 22.49%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		918		928		912
187594403.SRDLC, 25.49%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		698		705		684
187595243.SRDLC, 23.49%, 03/28/2025 (a)(j)	Lending Club		03/25/2022		6,442		6,513		6,402
187595700.SRDLC, 21.49%, 03/23/2025 (a)(j)	Lending Club		03/25/2022		4,261		4,307		4,220
187596231.SRDLC, 24.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		8,572		8,665		8,505
187597607.SRDLC, 30.99%, 03/31/2027 (a)(j)(k)	Lending Club		04/04/2022		22,965		23,262		22,416
187601450.SRDLC, 27.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		10,623		10,743		10,301
187606448.SRDLC, 30.99%, 03/24/2027 (a)(j)	Lending Club		03/28/2022		14,169		14,353		14,070
187608167.SRDLC, 27.99%, 03/24/2025 (a)(j)(k)	Lending Club		03/28/2022		3,622		3,669		1,670
187609056.SRDLC, 30.99%, 03/24/2027 (a)(j)	Lending Club		03/28/2022		9,460		9,576		9,395
187609294.SRDLC, 16.49%, 03/24/2025 (a)(j)	Lending Club		03/28/2022		2,526		2,553		2,505
187611557.SRDLC, 26.99%, 03/24/2025 (a)(j)	Lending Club		03/28/2022		2,588		2,617		2,564
187616322.SRDLC, 9.99%, 04/07/2027 (a)(j)	Lending Club		04/06/2022		14,748		14,748		14,422
187618422.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		4,771		4,830		4,587
187620736.SRDLC, 30.99%, 03/24/2027 (a)(j)	Lending Club		03/28/2022		9,460		9,576		9,395
187621853.SRDLC, 30.99%, 03/31/2025 (a)(j)	Lending Club		03/28/2022		8,764		8,868		8,691
187621898.SRDLC, 23.99%, 04/28/2027 (a)(j)	Lending Club		04/15/2022		24,601		24,601		23,724
187623348.SRDLC, 30.99%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		5,683		5,754		5,462
187623477.SRDLC, 30.49%, 03/24/2025 (a)(j)	Lending Club		03/28/2022		2,347		2,373		2,333
187624729.SRDLC, 30.99%, 03/05/2025 (a)(j)(k)	Lending Club		03/28/2022		3,738		3,780		3,671
187625273.SRDLC, 27.49%, 03/24/2027 (a)(j)	Lending Club		03/28/2022		5,644		5,712		5,655
187626309.SRDLC, 17.99%, 03/25/2025 (a)(j)	Lending Club		03/29/2022		3,555		3,593		3,529
187626903.SRDLC, 23.99%, 04/03/2027 (a)(j)	Lending Club		03/29/2022		15,969		16,164		15,707
187628074.SRDLC, 11.99%, 03/24/2024 (a)(j)	Lending Club		03/28/2022		7,325		7,394		7,313
187628308.SRDLC, 30.99%, 03/24/2027 (a)(j)	Lending Club		03/28/2022		9,460		9,576		9,395
187629164.SRDLC, 30.49%, 03/25/2027 (a)(j)	Lending Club		03/29/2022		9,452		9,568		9,393
187629900.SRDLC, 27.99%, 03/24/2025 (a)(j)	Lending Club		03/28/2022		8,646		8,742		8,566
187632083.SRDLC, 17.49%, 03/24/2025 (a)(j)(k)	Lending Club		03/28/2022		5,504		5,576		1,001
187632542.SRDLC, 23.74%, 03/25/2025 (a)(j)	Lending Club		03/29/2022		856		866		852
187636106.SRDLC, 30.99%, 03/29/2026 (a)(j)(k)	Lending Club		03/31/2022		7,471		7,568		7,271
187637005.SRDLC, 16.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		5,058		5,113		5,021
187638238.SRDLC, 30.99%, 03/10/2025 (a)(j)	Lending Club		03/29/2022		4,275		4,323		4,243
187641240.SRDLC, 26.24%, 03/24/2025 (a)(j)	Lending Club		03/28/2022		2,584		2,613		2,560
187641863.SRDLC, 25.49%, 03/29/2025 (a)(j)	Lending Club		03/31/2022		7,223		7,299		7,088
187642052.SRDLC, 30.99%, 03/31/2027 (a)(j)	Lending Club		03/30/2022		4,742		4,804		4,711
187643474.SRDLC, 21.99%, 03/24/2027 (a)(j)	Lending Club		03/28/2022		6,519		6,598		6,463
187643783.SRDLC, 15.19%, 04/15/2025 (a)(j)(k)	Lending Club		04/19/2022		9,454		9,454		942
187646172.SRDLC, 28.49%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		4,328		4,376		4,295
187646351.SRDLC, 30.99%, 03/29/2026 (a)(j)	Lending Club		03/31/2022		1,102		1,115		1,076
187646651.SRDLC, 28.49%, 03/25/2025 (a)(j)	Lending Club		03/29/2022		1,731		1,750		1,716

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

51

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187648874.SRDLC, 30.99%, 03/25/2027 (a)(j)	Lending Club		03/29/2022	$	4,730	$	4,788	$	4,700
187649484.SRDLC, 23.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		2,057		2,079		2,047
187653936.SRDLC, 30.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		5,341		5,401		5,169
187655412.SRDLC, 30.99%, 04/04/2027 (a)(j)(k)	Lending Club		04/06/2022		19,711		19,967		4,434
187656424.SRDLC, 30.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		1,054		1,067		1,046
187657079.SRDLC, 30.49%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		4,726		4,784		4,704
187660527.SRDLC, 30.99%, 04/10/2027 (a)(j)	Lending Club		04/06/2022		9,683		9,803		9,296
187664282.SRDLC, 17.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		3,042		3,075		3,020
187665599.SRDLC, 30.99%, 03/25/2027 (a)(j)(k)	Lending Club		03/29/2022		6,203		6,279		6,169
187666286.SRDLC, 7.49%, 04/12/2025 (a)(j)	Lending Club		04/14/2022		5,091		5,091		5,022
187666337.SRDLC, 30.99%, 03/25/2025 (a)(j)	Lending Club		03/29/2022		870		880		865
187670344.SRDLC, 30.99%, 03/25/2025 (a)(j)(k)	Lending Club		03/29/2022		2,234		2,260		2,184
187671142.SRDLC, 20.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		9,401		9,515		9,151
187672826.SRDLC, 30.99%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		13,622		13,795		13,278
187675115.SRDLC, 30.99%, 03/31/2027 (a)(j)	Lending Club		03/30/2022		4,934		4,998		4,825
187677488.SRDLC, 28.99%, 03/25/2025 (a)(j)(k)	Lending Club		03/29/2022		6,952		7,028		6,803
187678597.SRDLC, 28.49%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		4,328		4,377		4,243
187680243.SRDLC, 19.49%, 03/25/2025 (a)(j)	Lending Club		03/29/2022		12,722		12,861		12,608
187680335.SRDLC, 30.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		14,190		14,361		14,123
187681770.SRDLC, 22.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		1,275		1,289		1,268
187682075.SRDLC, 17.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		6,056		6,123		5,956
187682628.SRDLC, 20.49%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		3,927		3,970		3,845
187683385.SRDLC, 19.49%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		11,121		11,254		11,006
187683447.SRDLC, 20.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		4,256		4,304		4,193
187683918.SRDLC, 23.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		9,431		9,553		9,157
187683952.SRDLC, 30.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,446		4,497		4,301
187684046.SRDLC, 25.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		4,738		4,796		4,578
187684901.SRDLC, 17.49%, 04/19/2025 (a)(j)	Lending Club		04/06/2022		7,395		7,477		7,280
187687190.SRDLC, 30.99%, 03/31/2025 (a)(j)(k)	Lending Club		03/30/2022		11,201		11,347		2,249
187688454.SRDLC, 13.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		4,184		4,229		4,153
187689067.SRDLC, 10.89%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		10,197		10,197		10,001
187689256.SRDLC, 23.49%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		4,670		4,726		4,636
187691527.SRDLC, 16.99%, 03/28/2027 (a)(j)(k)	Lending Club		03/30/2022		7,651		7,750		1,861
187692276.SRDLC, 30.99%, 03/28/2027 (a)(j)(k)	Lending Club		03/30/2022		11,452		11,592		11,407
187693942.SRDLC, 16.49%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		2,947		2,979		2,925
187694094.SRDLC, 28.49%, 04/12/2025 (a)(j)	Lending Club		03/30/2022		9,047		9,151		8,880
187695089.SRDLC, 30.99%, 03/30/2026 (a)(j)(k)	Lending Club		04/01/2022		2,902		2,939		508
187697798.SRDLC, 21.49%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		17,678		17,891		17,497
187698352.SRDLC, 28.99%, 03/29/2025 (a)(j)	Lending Club		03/31/2022		1,560		1,576		1,528
187698457.SRDLC, 28.99%, 04/14/2025 (a)(j)	Lending Club		04/06/2022		4,471		4,522		4,349
187698781.SRDLC, 15.49%, 03/02/2025 (a)(j)(k)	Lending Club		03/30/2022		8,654		8,748		8,558
187699788.SRDLC, 23.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		23,370		23,653		23,202
187700256.SRDLC, 20.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,189		4,235		4,099
187701388.SRDLC, 28.49%, 03/11/2027 (a)(j)(k)	Lending Club		03/30/2022		7,695		7,794		7,634
187701762.SRDLC, 30.99%, 03/28/2027 (a)(j)(k)	Lending Club		03/30/2022		14,670		14,861		4,081
187702574.SRDLC, 24.99%, 03/31/2025 (a)(j)	Lending Club		03/30/2022		5,167		5,227		5,061
187705680.SRDLC, 28.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		3,899		3,943		3,870
187708100.SRDLC, 30.99%, 04/06/2027 (a)(j)	Lending Club		03/31/2022		9,611		9,723		9,200
187708178.SRDLC, 30.49%, 04/03/2025 (a)(j)	Lending Club		03/30/2022		3,218		3,255		3,141
187708340.SRDLC, 30.99%, 04/15/2027 (a)(j)	Lending Club		04/13/2022		9,662		9,779		9,310
187708352.SRDLC, 30.99%, 04/03/2027 (a)(j)(k)	Lending Club		04/01/2022		9,654		9,779		4,179
187708889.SRDLC, 20.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		23,483		23,766		22,857
187708953.SRDLC, 21.49%, 04/04/2024 (a)(j)	Lending Club		04/06/2022		3,942		3,981		3,893
187709072.SRDLC, 30.99%, 10/04/2027 (a)(j)(k)	Lending Club		04/06/2022		9,703		9,819		5,608
187711247.SRDLC, 28.99%, 03/28/2025 (a)(j)(k)	Lending Club		03/30/2022		1,789		1,809		1,751
187711920.SRDLC, 28.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		2,599		2,628		2,580
187711960.SRDLC, 21.49%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		7,443		7,533		7,367

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

52

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187712696.SRDLC, 28.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022	$	4,159	$	4,205	$	4,127
187715822.SRDLC, 30.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		14,190		14,364		14,123
187716768.SRDLC, 28.49%, 03/29/2025 (a)(j)	Lending Club		03/31/2022		1,125		1,137		1,103
187717300.SRDLC, 30.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		2,613		2,636		2,593
187717342.SRDLC, 15.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		4,205		4,251		4,174
187719585.SRDLC, 28.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		10,643		10,763		10,314
187720227.SRDLC, 30.99%, 03/28/2026 (a)(j)	Lending Club		03/30/2022		2,205		2,231		2,192
187720584.SRDLC, 19.99%, 07/28/2025 (a)(j)	Lending Club		03/30/2022		4,680		4,735		4,665
187721287.SRDLC, 14.04%, 03/28/2026 (a)(j)	Lending Club		03/30/2022		2,881		2,914		2,847
187721323.SRDLC, 21.74%, 03/15/2027 (a)(j)	Lending Club		03/30/2022		4,629		4,685		4,573
187724339.SRDLC, 30.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,005		4,051		3,874
187725925.SRDLC, 25.24%, 04/05/2026 (a)(j)(k)	Lending Club		03/30/2022		5,805		5,881		1,020
187726419.SRDLC, 30.49%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		6,806		6,889		6,774
187726884.SRDLC, 23.49%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		5,604		5,671		5,563
187726957.SRDLC, 20.49%, 03/30/2027 (a)(j)(k)	Lending Club		03/30/2022		7,524		7,614		7,464
187727353.SRDLC, 30.99%, 03/28/2027 (a)(j)(k)	Lending Club		03/30/2022		4,964		5,029		722
187727701.SRDLC, 28.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		2,599		2,628		2,580
187727906.SRDLC, 29.74%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		4,339		4,388		4,322
187728129.SRDLC, 30.99%, 03/28/2027 (a)(j)(k)	Lending Club		03/30/2022		9,855		9,983		1,433
187728775.SRDLC, 20.99%, 03/05/2025 (a)(j)(k)	Lending Club		03/30/2022		2,633		2,662		2,599
187729933.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		4,771		4,830		4,587
187730016.SRDLC, 26.49%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		1,551		1,568		1,539
187730103.SRDLC, 30.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		6,091		6,159		6,067
187731187.SRDLC, 30.99%, 05/30/2027 (a)(j)(k)	Lending Club		04/06/2022		14,368		14,555		14,041
187732651.SRDLC, 17.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		10,141		10,252		10,067
187733555.SRDLC, 30.99%, 03/29/2027 (a)(j)(k)	Lending Club		03/31/2022		14,555		14,726		13,945
187734013.SRDLC, 24.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		976		987		966
187734606.SRDLC, 30.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		4,730		4,788		4,707
187734741.SRDLC, 22.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		4,000		4,043		3,973
187737195.SRDLC, 28.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		1,731		1,751		1,718
187737593.SRDLC, 28.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		4,332		4,381		4,299
187737991.SRDLC, 25.49%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		8,599		8,694		8,532
187738310.SRDLC, 30.99%, 03/10/2027 (a)(j)(k)	Lending Club		03/31/2022		7,712		7,806		7,421
187738763.SRDLC, 15.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		7,569		7,651		7,513
187738813.SRDLC, 18.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		14,812		14,989		14,609
187739186.SRDLC, 28.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		11,315		11,454		11,357
187740004.SRDLC, 17.99%, 03/15/2025 (a)(j)	Lending Club		03/30/2022		5,531		5,592		5,488
187740151.SRDLC, 22.74%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		2,735		2,765		2,722
187740881.SRDLC, 22.49%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		5,124		5,181		5,101
187741210.SRDLC, 30.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		13,051		13,198		13,000
187741519.SRDLC, 30.99%, 03/15/2025 (a)(j)	Lending Club		03/30/2022		2,858		2,890		2,810
187742712.SRDLC, 30.99%, 04/17/2027 (a)(j)	Lending Club		04/06/2022		7,200		7,294		6,961
187743339.SRDLC, 14.49%, 03/18/2025 (a)(j)	Lending Club		03/30/2022		4,793		4,845		4,748
187744064.SRDLC, 18.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		13,554		13,702		13,455
187744547.SRDLC, 28.49%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		1,298		1,313		1,288
187744622.SRDLC, 20.49%, 03/15/2025 (a)(j)	Lending Club		03/30/2022		9,683		9,790		9,599
187745440.SRDLC, 28.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		4,332		4,381		4,299
187746188.SRDLC, 19.49%, 04/01/2025 (a)(j)	Lending Club		03/31/2022		7,325		7,403		7,161
187746700.SRDLC, 30.99%, 03/28/2027 (a)(j)(k)	Lending Club		03/30/2022		8,377		8,486		1,218
187746746.SRDLC, 28.49%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		4,328		4,376		4,295
187746983.SRDLC, 23.99%, 03/31/2025 (a)(j)	Lending Club		03/30/2022		3,436		3,474		3,418
187747845.SRDLC, 17.49%, 03/16/2025 (a)(j)	Lending Club		03/30/2022		10,890		11,009		10,807
187749050.SRDLC, 30.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		5,676		5,745		5,649
187749843.SRDLC, 25.99%, 07/31/2025 (a)(j)(k)	Lending Club		03/30/2022		11,487		11,635		1,670
187751211.SRDLC, 30.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		6,409		6,488		6,379
187751530.SRDLC, 18.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		4,680		4,737		4,550
187752612.SRDLC, 28.99%, 03/30/2025 (a)(j)(k)	Lending Club		03/30/2022		4,736		4,797		744

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

53

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187752645.SRDLC, 26.99%, 03/28/2024 (a)(j)	Lending Club		03/30/2022	$	3,806	$	3,843	$	3,838
187753460.SRDLC, 30.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		4,730		4,788		4,707
187754067.SRDLC, 17.49%, 03/28/2026 (a)(j)	Lending Club		03/30/2022		4,468		4,520		4,417
187754377.SRDLC, 28.49%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		8,645		8,742		8,580
187755696.SRDLC, 30.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		13,051		13,203		12,804
187755875.SRDLC, 17.49%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		2,110		2,133		2,095
187756826.SRDLC, 17.99%, 04/10/2025 (a)(j)	Lending Club		03/30/2022		5,292		5,350		5,231
187758138.SRDLC, 22.49%, 03/28/2025 (a)(j)(k)	Lending Club		03/30/2022		4,595		4,654		1,168
187758892.SRDLC, 20.49%, 03/29/2025 (a)(j)	Lending Club		03/31/2022		8,501		8,591		8,374
187759243.SRDLC, 28.99%, 03/29/2025 (a)(j)(k)	Lending Club		03/30/2022		2,605		2,639		379
187760320.SRDLC, 27.49%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		11,287		11,425		11,329
187762428.SRDLC, 30.49%, 04/20/2027 (a)(j)	Lending Club		04/07/2022		6,963		7,054		6,692
187762661.SRDLC, 24.99%, 04/04/2025 (a)(j)(k)	Lending Club		04/06/2022		5,600		5,673		814
187762709.SRDLC, 17.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		3,471		3,509		3,414
187763202.SRDLC, 22.99%, 03/28/2025 (a)(j)	Lending Club		03/30/2022		5,985		6,052		5,957
187763926.SRDLC, 24.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		5,583		5,647		5,481
187764063.SRDLC, 30.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		17,802		18,001		17,220
187764071.SRDLC, 19.49%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		4,071		4,117		4,011
187764329.SRDLC, 30.99%, 04/13/2027 (a)(j)	Lending Club		03/30/2022		14,532		14,721		14,208
187764407.SRDLC, 19.49%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		8,433		8,535		8,346
187764471.SRDLC, 22.49%, 05/13/2025 (a)(j)	Lending Club		04/14/2022		21,734		21,979		21,316
187764798.SRDLC, 22.99%, 03/29/2025 (a)(j)	Lending Club		03/31/2022		6,840		6,913		6,746
187765017.SRDLC, 22.99%, 03/30/2025 (a)(j)(k)	Lending Club		04/01/2022		2,759		2,794		—
187765049.SRDLC, 27.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		13,487		13,643		13,225
187765326.SRDLC, 30.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		5,676		5,745		5,649
187765977.SRDLC, 19.49%, 04/15/2027 (a)(j)	Lending Club		04/01/2022		9,465		9,580		9,213
187766134.SRDLC, 24.99%, 03/28/2027 (a)(j)	Lending Club		03/30/2022		12,175		12,323		12,072
187767443.SRDLC, 30.99%, 03/29/2027 (a)(j)(k)	Lending Club		03/31/2022		7,745		7,840		7,421
187768851.SRDLC, 22.99%, 03/05/2025 (a)(j)(k)	Lending Club		04/01/2022		8,802		8,898		8,603
187768946.SRDLC, 12.54%, 04/15/2025 (a)(j)(k)	Lending Club		04/06/2022		9,855		9,983		3,692
187770730.SRDLC, 19.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		3,821		3,864		3,765
187770978.SRDLC, 30.49%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		5,215		5,276		5,116
187771530.SRDLC, 15.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		17,292		17,482		17,007
187771765.SRDLC, 30.99%, 03/20/2025 (a)(j)	Lending Club		04/01/2022		1,290		1,305		1,267
187772030.SRDLC, 30.49%, 04/06/2027 (a)(j)(k)	Lending Club		04/01/2022		9,675		9,800		9,261
187772301.SRDLC, 30.99%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		8,661		8,766		8,434
187773011.SRDLC, 13.19%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		23,172		23,172		22,478
187773304.SRDLC, 30.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,450		4,501		4,305
187773425.SRDLC, 30.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		5,220		5,281		5,122
187773626.SRDLC, 14.24%, 03/10/2025 (a)(j)(k)	Lending Club		04/01/2022		2,583		2,611		2,541
187774067.SRDLC, 30.99%, 04/13/2025 (a)(j)	Lending Club		04/07/2022		6,285		6,357		6,074
187775635.SRDLC, 22.49%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		4,661		4,719		4,566
187776367.SRDLC, 22.74%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		4,273		4,321		4,215
187777756.SRDLC, 30.99%, 03/30/2027 (a)(j)(k)	Lending Club		04/01/2022		5,644		5,712		5,509
187778504.SRDLC, 30.49%, 03/30/2027 (a)(j)(k)	Lending Club		04/01/2022		4,927		4,991		864
187778653.SRDLC, 30.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		5,880		5,947		5,772
187779942.SRDLC, 30.99%, 03/30/2025 (a)(j)(k)	Lending Club		04/01/2022		3,180		3,221		3,065
187780414.SRDLC, 18.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		5,083		5,140		5,022
187780746.SRDLC, 21.49%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		7,257		7,342		7,121
187780777.SRDLC, 30.99%, 03/18/2027 (a)(j)(k)	Lending Club		04/01/2022		9,670		9,796		4,297
187781026.SRDLC, 17.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		4,225		4,273		4,175
187781426.SRDLC, 20.49%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		11,052		11,176		10,890
187781840.SRDLC, 30.99%, 03/30/2025 (a)(j)(k)	Lending Club		04/01/2022		3,125		3,164		3,009
187781877.SRDLC, 15.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		1,729		1,748		1,700
187782545.SRDLC, 16.99%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		13,829		13,998		13,521
187783446.SRDLC, 18.49%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		5,072		5,129		5,011
187784224.SRDLC, 22.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		3,420		3,459		3,374

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

54

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187784638.SRDLC, 22.99%, 03/02/2025 (a)(j)(k)	Lending Club		04/01/2022	$	3,851	$	3,898	$	1,518
187784777.SRDLC, 28.49%, 04/04/2025 (a)(j)	Lending Club		04/01/2022		5,338		5,398		5,155
187786026.SRDLC, 30.99%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		5,676		5,748		5,532
187789570.SRDLC, 22.49%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		2,563		2,591		2,526
187789803.SRDLC, 30.24%, 03/30/2027 (a)(j)(k)	Lending Club		04/01/2022		11,900		12,055		1,730
187790097.SRDLC, 24.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		1,582		1,601		1,552
187790872.SRDLC, 30.99%, 03/02/2027 (a)(j)(k)	Lending Club		04/01/2022		5,719		5,793		5,488
187791035.SRDLC, 26.24%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		15,503		15,681		15,220
187791123.SRDLC, 30.99%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		8,608		8,718		8,391
187792825.SRDLC, 19.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		5,094		5,150		5,020
187793076.SRDLC, 28.99%, 04/03/2025 (a)(j)	Lending Club		04/01/2022		3,204		3,240		3,094
187793104.SRDLC, 28.99%, 03/30/2025 (a)(j)(k)	Lending Club		04/01/2022		9,264		9,385		2,172
187794659.SRDLC, 15.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		3,026		3,059		2,975
187795400.SRDLC, 30.99%, 03/30/2027 (a)(j)	Lending Club		04/01/2022		4,730		4,790		4,610
187795721.SRDLC, 7.49%, 04/13/2025 (a)(j)	Lending Club		04/15/2022		9,333		9,333		9,207
187796391.SRDLC, 27.99%, 04/15/2025 (a)(j)	Lending Club		04/01/2022		902		914		873
187797389.SRDLC, 30.99%, 03/15/2026 (a)(j)	Lending Club		04/01/2022		1,454		1,472		1,421
187799353.SRDLC, 17.99%, 03/30/2025 (a)(j)(k)	Lending Club		04/01/2022		6,167		6,247		897
187799361.SRDLC, 16.99%, 03/31/2027 (a)(j)	Lending Club		04/01/2022		11,991		12,138		11,671
187800170.SRDLC, 30.99%, 03/05/2025 (a)(j)(k)	Lending Club		04/01/2022		2,504		2,531		2,416
187801163.SRDLC, 21.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		8,752		8,850		8,563
187802573.SRDLC, 30.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		5,341		5,401		5,166
187803166.SRDLC, 19.49%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		2,119		2,143		2,088
187804133.SRDLC, 17.24%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		3,016		3,049		2,978
187804147.SRDLC, 22.99%, 03/30/2025 (a)(j)	Lending Club		04/01/2022		2,565		2,594		2,531
187804192.SRDLC, 6.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		7,204		7,204		7,105
187809503.SRDLC, 27.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		5,312		5,312		5,092
187810172.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		14,314		14,491		13,760
187812001.SRDLC, 30.49%, 04/04/2027 (a)(j)(k)	Lending Club		04/06/2022		4,862		4,925		2,116
187812184.SRDLC, 28.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		1,774		1,794		1,721
187813470.SRDLC, 30.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		2,848		2,881		2,755
187814662.SRDLC, 30.99%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		4,771		4,830		4,590
187814754.SRDLC, 30.99%, 04/18/2027 (a)(j)	Lending Club		04/07/2022		14,503		14,692		13,936
187815910.SRDLC, 26.99%, 04/18/2025 (a)(j)	Lending Club		04/06/2022		13,433		13,585		13,019
187816052.SRDLC, 28.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		5,317		5,376		5,153
187817752.SRDLC, 22.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		3,508		3,547		3,432
187818458.SRDLC, 19.49%, 04/04/2025 (a)(j)(k)	Lending Club		04/06/2022		1,821		1,845		699
187818533.SRDLC, 28.99%, 04/04/2025 (a)(j)(k)	Lending Club		04/06/2022		5,321		5,382		5,157
187820470.SRDLC, 20.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		1,747		1,766		1,710
187821270.SRDLC, 30.49%, 04/15/2025 (a)(j)	Lending Club		04/06/2022		3,591		3,632		3,488
187821300.SRDLC, 30.49%, 04/07/2025 (a)(j)	Lending Club		04/06/2022		2,676		2,706		2,586
187822317.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		5,726		5,796		5,505
187822913.SRDLC, 15.99%, 04/04/2024 (a)(j)	Lending Club		04/06/2022		1,168		1,180		1,157
187823371.SRDLC, 30.99%, 04/13/2027 (a)(j)	Lending Club		04/06/2022		14,446		14,634		13,866
187823915.SRDLC, 19.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,359		4,407		4,266
187824476.SRDLC, 21.99%, 04/05/2025 (a)(j)	Lending Club		04/06/2022		11,386		11,513		11,132
187824940.SRDLC, 17.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		3,473		3,511		3,415
187825124.SRDLC, 30.99%, 04/04/2027 (a)(j)(k)	Lending Club		04/06/2022		11,736		11,889		5,092
187830962.SRDLC, 12.54%, 04/10/2025 (a)(j)	Lending Club		04/06/2022		6,022		6,087		5,931
187832105.SRDLC, 30.99%, 05/28/2027 (a)(j)	Lending Club		04/06/2022		14,099		14,272		13,802
187832338.SRDLC, 22.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		13,154		13,301		12,870
187833165.SRDLC, 30.99%, 04/15/2027 (a)(j)	Lending Club		04/06/2022		5,790		5,865		5,559
187835742.SRDLC, 15.49%, 04/07/2025 (a)(j)	Lending Club		04/06/2022		8,651		8,745		8,512
187836068.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		8,016		8,115		7,707
187838477.SRDLC, 30.99%, 04/15/2025 (a)(j)(k)	Lending Club		04/06/2022		12,432		12,593		1,361
187839088.SRDLC, 30.99%, 04/04/2027 (a)(j)(k)	Lending Club		04/06/2022		14,670		14,861		6,396
187840012.SRDLC, 19.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		3,135		3,170		3,068

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

55

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187842093.SRDLC, 22.49%, 04/04/2027 (a)(j)(k)	Lending Club		04/06/2022	$	9,623	$	9,748	$	3,851
187843197.SRDLC, 11.99%, 04/19/2027 (a)(j)	Lending Club		04/06/2022		16,728		16,728		16,364
187843892.SRDLC, 24.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		3,521		3,561		3,423
187844022.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		14,314		14,490		13,762
187844450.SRDLC, 30.99%, 04/04/2025 (a)(j)(k)	Lending Club		04/06/2022		1,887		1,909		1,823
187844865.SRDLC, 20.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		2,618		2,647		2,562
187845510.SRDLC, 19.49%, 04/12/2025 (a)(j)	Lending Club		04/06/2022		4,360		4,408		4,270
187845740.SRDLC, 30.99%, 04/30/2025 (a)(j)(k)	Lending Club		04/06/2022		7,557		7,646		7,321
187846033.SRDLC, 17.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		5,643		5,705		5,549
187847354.SRDLC, 25.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		23,689		23,978		22,892
187847388.SRDLC, 13.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		3,874		3,916		3,808
187847747.SRDLC, 19.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,354		4,402		4,262
187848474.SRDLC, 30.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		1,602		1,620		1,551
187849251.SRDLC, 30.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		3,560		3,601		3,444
187849309.SRDLC, 28.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		10,647		10,763		10,303
187850176.SRDLC, 28.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		2,791		2,823		2,705
187850551.SRDLC, 30.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,297		4,346		4,149
187851090.SRDLC, 23.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		2,634		2,663		2,574
187851585.SRDLC, 19.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		17,816		18,031		17,339
187852320.SRDLC, 26.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		11,379		11,518		10,997
187853356.SRDLC, 30.99%, 04/04/2025 (a)(j)(k)	Lending Club		04/06/2022		7,722		7,822		1,119
187853969.SRDLC, 29.99%, 04/08/2027 (a)(j)	Lending Club		04/06/2022		8,606		8,712		8,280
187853993.SRDLC, 15.49%, 04/04/2024 (a)(j)	Lending Club		04/06/2022		1,167		1,178		1,156
187854084.SRDLC, 30.99%, 08/08/2025 (a)(j)(k)	Lending Club		04/06/2022		1,899		1,923		437
187854140.SRDLC, 20.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		13,610		13,782		13,247
187854293.SRDLC, 16.99%, 04/14/2025 (a)(j)	Lending Club		04/06/2022		4,341		4,389		4,272
187854397.SRDLC, 30.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		2,670		2,700		2,583
187854697.SRDLC, 22.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		4,716		4,773		4,578
187855534.SRDLC, 30.99%, 04/04/2027 (a)(j)(k)	Lending Club		04/06/2022		19,711		19,967		4,481
187855775.SRDLC, 26.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		1,811		1,832		1,756
187856387.SRDLC, 22.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		3,069		3,104		3,003
187857140.SRDLC, 30.99%, 04/18/2027 (a)(j)	Lending Club		04/06/2022		4,839		4,902		4,648
187857239.SRDLC, 30.99%, 04/15/2025 (a)(j)	Lending Club		04/06/2022		2,342		2,369		2,263
187857517.SRDLC, 17.99%, 04/10/2025 (a)(j)	Lending Club		04/06/2022		2,600		2,629		2,559
187857930.SRDLC, 30.99%, 04/12/2025 (a)(j)	Lending Club		04/06/2022		8,970		9,072		8,696
187858022.SRDLC, 17.74%, 04/19/2025 (a)(j)	Lending Club		04/06/2022		4,379		4,427		4,310
187858630.SRDLC, 30.99%, 04/04/2027 (a)(j)(k)	Lending Club		04/06/2022		5,477		5,548		2,388
187859053.SRDLC, 17.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		2,605		2,633		2,561
187859227.SRDLC, 20.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		5,672		5,735		5,551
187859323.SRDLC, 30.99%, 05/25/2027 (a)(j)	Lending Club		04/06/2022		14,054		14,226		13,755
187859532.SRDLC, 20.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,368		4,416		4,275
187859602.SRDLC, 30.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		890		900		861
187861515.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		6,680		6,762		6,422
187862773.SRDLC, 28.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		6,380		6,452		6,183
187862799.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		3,011		3,048		2,875
187863084.SRDLC, 30.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		890		900		861
187864208.SRDLC, 18.99%, 04/12/2024 (a)(j)	Lending Club		04/06/2022		4,356		4,399		4,319
187864635.SRDLC, 24.99%, 04/20/2025 (a)(j)(k)	Lending Club		04/07/2022		6,060		6,138		5,906
187864708.SRDLC, 27.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		17,106		17,316		16,668
187865104.SRDLC, 23.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		7,553		7,644		7,341
187865693.SRDLC, 15.74%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		15,575		15,738		15,327
187865748.SRDLC, 16.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		5,198		5,256		5,111
187865773.SRDLC, 17.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		6,251		6,320		6,146
187865865.SRDLC, 30.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		1,780		1,800		1,722
187866166.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		14,314		14,490		13,762
187866389.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		4,771		4,830		4,587
187869709.SRDLC, 28.99%, 04/15/2027 (a)(j)	Lending Club		04/06/2022		17,310		17,535		16,823

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

56

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187871047.SRDLC, 30.99%, 04/09/2025 (a)(j)	Lending Club		04/06/2022	$	5,365	$	5,426	$	5,192
187871605.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		23,858		24,151		22,933
187872123.SRDLC, 30.99%, 04/06/2027 (a)(j)(k)	Lending Club		04/08/2022		11,644		11,786		11,190
187872175.SRDLC, 30.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		4,292		4,341		4,156
187872374.SRDLC, 24.99%, 04/12/2025 (a)(j)(k)	Lending Club		04/06/2022		3,575		3,621		3,484
187872532.SRDLC, 26.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		14,224		14,398		13,746
187872598.SRDLC, 30.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		1,335		1,350		1,291
187873132.SRDLC, 17.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,341		4,389		4,268
187873200.SRDLC, 17.99%, 04/04/2025 (a)(j)(k)	Lending Club		04/06/2022		3,503		3,548		3,448
187873238.SRDLC, 25.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		7,056		7,135		6,859
187873507.SRDLC, 28.74%, 04/04/2026 (a)(j)	Lending Club		04/06/2022		9,278		9,389		9,001
187875474.SRDLC, 14.09%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		37,140		37,140		36,031
187875633.SRDLC, 18.99%, 04/21/2027 (a)(j)(k)	Lending Club		04/08/2022		28,744		28,744		27,543
187875778.SRDLC, 6.79%, 04/15/2025 (a)(j)	Lending Club		04/19/2022		14,401		14,401		14,219
187876452.SRDLC, 12.99%, 04/11/2025 (a)(j)	Lending Club		04/13/2022		27,490		27,490		26,779
187876494.SRDLC, 28.49%, 04/04/2024 (a)(j)(k)	Lending Club		04/06/2022		6,356		6,420		6,268
187876607.SRDLC, 15.99%, 04/19/2025 (a)(j)	Lending Club		04/06/2022		2,620		2,649		2,586
187876882.SRDLC, 20.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		9,393		9,506		9,143
187877543.SRDLC, 26.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		11,379		11,518		10,997
187877609.SRDLC, 21.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		4,704		4,761		4,580
187877651.SRDLC, 21.99%, 05/20/2027 (a)(j)	Lending Club		04/06/2022		18,435		18,658		18,071
187878586.SRDLC, 6.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,656		4,656		4,592
187881830.SRDLC, 30.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		19,086		19,320		18,349
187882608.SRDLC, 22.49%, 04/13/2025 (a)(j)(k)	Lending Club		04/07/2022		4,699		4,760		1,007
187883261.SRDLC, 16.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		4,338		4,386		4,269
187884247.SRDLC, 30.99%, 04/08/2027 (a)(j)	Lending Club		04/06/2022		9,582		9,700		9,200
187884491.SRDLC, 30.99%, 04/17/2025 (a)(j)	Lending Club		04/06/2022		13,511		13,666		13,140
187885149.SRDLC, 30.99%, 04/23/2025 (a)(j)	Lending Club		04/06/2022		5,598		5,661		5,463
187885477.SRDLC, 27.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		4,033		4,078		3,897
187887142.SRDLC, 24.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		7,563		7,655		7,307
187887270.SRDLC, 25.49%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		8,812		8,910		8,569
187887355.SRDLC, 30.49%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		14,304		14,479		13,759
187887520.SRDLC, 26.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		14,235		14,235		13,534
187887568.SRDLC, 16.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		3,466		3,504		3,409
187890698.SRDLC, 17.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		4,775		4,828		4,696
187891190.SRDLC, 24.99%, 04/06/2027 (a)(j)	Lending Club		04/08/2022		4,731		4,788		4,575
187894188.SRDLC, 22.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		23,561		23,846		22,872
187895127.SRDLC, 27.99%, 04/15/2025 (a)(j)	Lending Club		04/06/2022		3,749		3,791		3,632
187899203.SRDLC, 24.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		19,193		19,409		18,639
187899456.SRDLC, 30.99%, 04/21/2027 (a)(j)	Lending Club		04/08/2022		22,984		23,252		22,273
187899525.SRDLC, 24.99%, 04/07/2025 (a)(j)	Lending Club		04/11/2022		4,402		4,451		4,287
187899555.SRDLC, 19.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		5,775		5,839		5,655
187902334.SRDLC, 30.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		8,011		8,101		7,753
187902906.SRDLC, 24.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		2,640		2,670		2,567
187903235.SRDLC, 30.99%, 04/19/2027 (a)(j)	Lending Club		04/06/2022		4,837		4,900		4,682
187903875.SRDLC, 17.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		3,039		3,072		2,988
187903936.SRDLC, 29.99%, 04/10/2025 (a)(j)	Lending Club		04/08/2022		5,351		5,412		5,181
187904384.SRDLC, 30.99%, 04/08/2027 (a)(j)(k)	Lending Club		04/07/2022		5,838		5,913		2,560
187904399.SRDLC, 17.99%, 04/25/2025 (a)(j)	Lending Club		04/07/2022		4,566		4,617		4,512
187904515.SRDLC, 30.99%, 04/05/2025 (a)(j)(k)	Lending Club		04/07/2022		1,930		1,956		299
187904645.SRDLC, 23.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		8,787		8,787		8,418
187904786.SRDLC, 30.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		2,670		2,700		2,584
187904904.SRDLC, 30.99%, 04/15/2025 (a)(j)(k)	Lending Club		04/07/2022		5,949		6,026		865
187905066.SRDLC, 24.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		6,338		6,409		6,164
187905484.SRDLC, 26.74%, 04/15/2027 (a)(j)	Lending Club		04/08/2022		14,341		14,518		13,966
187906366.SRDLC, 30.99%, 04/05/2025 (a)(j)(k)	Lending Club		04/07/2022		14,742		14,934		2,144
187907513.SRDLC, 28.49%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		10,461		10,589		10,198

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

57

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187907723.SRDLC, 23.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022	$	5,272	$	5,272	$	5,051
187909316.SRDLC, 30.99%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		4,771		4,830		4,590
187909377.SRDLC, 13.19%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		5,586		5,586		5,436
187910215.SRDLC, 20.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		2,094		2,117		2,050
187910262.SRDLC, 15.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		6,917		6,993		6,800
187911176.SRDLC, 30.99%, 04/13/2027 (a)(j)	Lending Club		04/06/2022		9,151		9,270		8,783
187914262.SRDLC, 30.99%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		19,086		19,321		18,359
187914526.SRDLC, 13.19%, 05/10/2025 (a)(j)	Lending Club		04/28/2022		7,333		7,333		7,154
187916897.SRDLC, 30.99%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		8,016		8,115		7,711
187917757.SRDLC, 23.49%, 04/06/2025 (a)(j)(k)	Lending Club		04/08/2022		10,790		10,911		10,562
187920689.SRDLC, 25.49%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		6,626		6,700		6,405
187921967.SRDLC, 17.49%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		3,816		3,858		3,753
187923397.SRDLC, 30.99%, 04/16/2027 (a)(j)	Lending Club		04/07/2022		14,455		14,639		13,965
187925186.SRDLC, 25.99%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		7,581		7,673		7,329
187925702.SRDLC, 23.99%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		3,515		3,515		3,367
187926595.SRDLC, 22.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		6,139		6,207		6,010
187926631.SRDLC, 26.74%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		14,229		14,403		13,870
187926998.SRDLC, 7.99%, 04/30/2025 (a)(j)	Lending Club		04/19/2022		10,235		10,235		10,110
187927267.SRDLC, 26.49%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		23,707		23,996		22,920
187930185.SRDLC, 26.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		2,209		2,234		2,143
187930630.SRDLC, 27.99%, 04/20/2025 (a)(j)	Lending Club		04/07/2022		4,478		4,530		4,369
187934515.SRDLC, 30.99%, 04/20/2025 (a)(j)(k)	Lending Club		04/07/2022		14,041		14,205		13,590
187935982.SRDLC, 30.99%, 04/06/2027 (a)(j)(k)	Lending Club		04/08/2022		5,774		5,845		5,551
187936291.SRDLC, 16.49%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		4,663		4,719		4,533
187936598.SRDLC, 28.99%, 04/15/2024 (a)(j)	Lending Club		04/07/2022		4,050		4,091		3,980
187939726.SRDLC, 19.99%, 04/06/2027 (a)(j)	Lending Club		04/08/2022		9,385		9,498		9,139
187939812.SRDLC, 14.24%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		3,876		3,919		3,812
187940222.SRDLC, 23.49%, 07/20/2025 (a)(j)(k)	Lending Club		04/08/2022		22,479		22,731		14,194
187940357.SRDLC, 30.99%, 04/08/2027 (a)(j)	Lending Club		04/08/2022		13,781		13,950		13,247
187941246.SRDLC, 22.74%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		877		886		858
187941261.SRDLC, 30.99%, 04/06/2027 (a)(j)	Lending Club		04/08/2022		23,858		24,151		22,962
187941743.SRDLC, 30.99%, 04/06/2027 (a)(j)(k)	Lending Club		04/08/2022		5,822		5,898		5,591
187943162.SRDLC, 28.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		2,658		2,688		2,579
187943954.SRDLC, 9.99%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		36,835		36,835		35,973
187944203.SRDLC, 30.99%, 04/06/2027 (a)(j)(k)	Lending Club		04/08/2022		11,371		11,519		10,937
187944605.SRDLC, 30.99%, 04/13/2027 (a)(j)	Lending Club		04/08/2022		14,408		14,585		13,903
187945171.SRDLC, 30.99%, 04/06/2027 (a)(j)(k)	Lending Club		04/08/2022		12,373		12,533		11,906
187945878.SRDLC, 15.49%, 04/15/2024 (a)(j)	Lending Club		04/08/2022		2,345		2,368		2,327
187947629.SRDLC, 30.99%, 04/16/2027 (a)(j)	Lending Club		04/08/2022		4,814		4,876		4,651
187948199.SRDLC, 30.99%, 04/13/2027 (a)(j)	Lending Club		04/08/2022		9,612		9,731		9,241
187948779.SRDLC, 30.99%, 04/06/2027 (a)(j)	Lending Club		04/08/2022		9,263		9,374		8,849
187951250.SRDLC, 15.69%, 04/26/2027 (a)(j)	Lending Club		04/28/2022		26,543		26,543		25,734
187953821.SRDLC, 19.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		4,359		4,407		4,268
187953962.SRDLC, 11.99%, 04/14/2027 (a)(j)	Lending Club		04/18/2022		2,959		2,959		2,893
187958137.SRDLC, 15.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		2,161		2,185		2,126
187961050.SRDLC, 11.29%, 04/27/2025 (a)(j)	Lending Club		04/29/2022		10,270		10,270		10,091
187961428.SRDLC, 11.99%, 04/11/2025 (a)(j)	Lending Club		04/13/2022		8,572		8,572		8,423
187961524.SRDLC, 30.99%, 04/06/2026 (a)(j)	Lending Club		04/08/2022		13,036		13,192		12,567
187965733.SRDLC, 30.99%, 04/06/2027 (a)(j)	Lending Club		04/08/2022		9,543		9,660		9,183
187967810.SRDLC, 30.99%, 04/18/2027 (a)(j)(k)	Lending Club		04/08/2022		11,749		11,902		11,313
187969294.SRDLC, 25.49%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		2,644		2,673		2,572
187973616.SRDLC, 13.19%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		3,867		3,867		3,764
187973884.SRDLC, 9.69%, 04/27/2027 (a)(j)	Lending Club		04/29/2022		18,406		18,406		18,007
187974382.SRDLC, 24.49%, 04/06/2027 (a)(j)	Lending Club		04/08/2022		6,618		6,698		6,399
187975935.SRDLC, 20.49%, 04/26/2025 (a)(j)	Lending Club		04/28/2022		7,855		7,855		7,604
187977450.SRDLC, 29.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		13,861		14,018		13,424
187978396.SRDLC, 30.49%, 04/01/2027 (a)(j)	Lending Club		04/08/2022		5,625		5,694		5,405

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

58

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
187978760.SRDLC, 30.99%, 04/06/2027 (a)(j)(k)	Lending Club		04/08/2022	$	5,337	$	5,406	$	5,129
187978875.SRDLC, 23.49%, 04/16/2025 (a)(j)	Lending Club		04/11/2022		10,966		10,966		10,549
187979553.SRDLC, 30.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		1,602		1,620		1,552
187980437.SRDLC, 30.99%, 04/06/2025 (a)(j)(k)	Lending Club		04/08/2022		443		447		434
187981341.SRDLC, 21.49%, 04/06/2027 (a)(j)	Lending Club		04/08/2022		4,720		4,778		4,604
187981645.SRDLC, 30.99%, 04/15/2025 (a)(j)	Lending Club		04/08/2022		7,371		7,455		7,127
187982842.SRDLC, 19.49%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		1,045		1,056		1,023
187982886.SRDLC, 22.49%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		22,618		22,618		21,504
187983448.SRDLC, 28.99%, 04/06/2025 (a)(j)(k)	Lending Club		04/08/2022		5,356		5,417		5,189
187984127.SRDLC, 18.49%, 04/06/2027 (a)(j)	Lending Club		04/08/2022		14,977		15,157		14,568
187984198.SRDLC, 9.69%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		18,406		18,406		17,975
187984558.SRDLC, 17.99%, 04/06/2025 (a)(j)	Lending Club		04/08/2022		1,302		1,317		1,281
187999901.SRDLC, 6.59%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		5,504		5,504		5,428
188003565.SRDLC, 13.19%, 04/04/2027 (a)(j)	Lending Club		04/06/2022		19,464		19,464		18,882
188003641.SRDLC, 7.59%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		36,646		36,646		35,965
188004259.SRDLC, 21.79%, 04/15/2025 (a)(j)(k)	Lending Club		04/06/2022		4,514		4,514		1,788
188018369.SRDLC, 14.49%, 04/04/2025 (a)(j)	Lending Club		04/06/2022		3,790		3,790		3,689
188028189.SRDLC, 12.19%, 04/12/2025 (a)(j)	Lending Club		04/14/2022		3,932		3,932		3,836
188044743.SRDLC, 23.99%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		879		879		842
188047484.SRDLC, 9.69%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		12,792		12,792		12,546
188048867.SRDLC, 11.99%, 04/12/2025 (a)(j)	Lending Club		04/14/2022		17,958		17,958		17,624
188049422.SRDLC, 18.99%, 04/18/2025 (a)(j)	Lending Club		04/13/2022		11,533		11,533		11,139
188062837.SRDLC, 7.59%, 04/30/2025 (a)(j)	Lending Club		04/07/2022		24,678		24,678		24,358
188063554.SRDLC, 14.19%, 04/05/2025 (a)(j)	Lending Club		04/07/2022		2,472		2,472		2,408
188069029.SRDLC, 7.99%, 04/05/2027 (a)(j)	Lending Club		04/07/2022		20,511		20,511		20,149
188071537.SRDLC, 14.99%, 04/13/2027 (a)(j)	Lending Club		04/11/2022		21,685		21,685		21,110
188077112.SRDLC, 7.49%, 04/06/2025 (a)(j)(k)	Lending Club		04/08/2022		33,036		33,036		32,594
188090500.SRDLC, 26.79%, 04/26/2025 (a)(j)(k)	Lending Club		04/13/2022		13,834		13,834		13,364
188093871.SRDLC, 13.19%, 04/21/2027 (a)(j)	Lending Club		04/08/2022		14,923		14,923		14,509
188101498.SRDLC, 23.99%, 04/07/2027 (a)(j)	Lending Club		04/11/2022		24,113		24,113		22,964
188102874.SRDLC, 28.99%, 04/06/2025 (a)(j)(k)	Lending Club		04/08/2022		6,618		6,618		957
188110010.SRDLC, 13.19%, 04/15/2027 (a)(j)	Lending Club		04/11/2022		15,344		15,344		14,924
188111080.SRDLC, 22.49%, 04/18/2025 (a)(j)	Lending Club		04/20/2022		11,197		11,197		10,772
188115513.SRDLC, 7.49%, 04/07/2025 (a)(j)	Lending Club		04/11/2022		2,545		2,545		2,511
188116171.SRDLC, 10.99%, 04/15/2025 (a)(j)	Lending Club		04/08/2022		8,238		8,238		8,091
188118276.SRDLC, 14.09%, 04/29/2027 (a)(j)	Lending Club		04/12/2022		28,113		28,113		27,427
188125168.SRDLC, 7.99%, 04/07/2025 (a)(j)	Lending Club		04/11/2022		21,237		21,237		20,948
188135932.SRDLC, 25.99%, 04/07/2027 (a)(j)	Lending Club		04/11/2022		7,581		7,581		7,220
188141825.SRDLC, 16.99%, 04/15/2025 (a)(j)	Lending Club		04/11/2022		5,223		5,223		5,066
188144427.SRDLC, 22.49%, 04/09/2027 (a)(j)(k)	Lending Club		04/28/2022		8,996		8,996		8,634
188151431.SRDLC, 6.49%, 04/18/2025 (a)(j)	Lending Club		04/20/2022		8,127		8,127		8,018
188152374.SRDLC, 6.49%, 04/08/2025 (a)(j)	Lending Club		04/12/2022		16,930		16,930		16,700
188154421.SRDLC, 6.59%, 04/07/2027 (a)(j)	Lending Club		04/11/2022		13,255		13,255		13,009
188155614.SRDLC, 12.49%, 04/27/2025 (a)(j)	Lending Club		04/29/2022		4,291		4,291		4,189
188157838.SRDLC, 9.99%, 04/01/2027 (a)(j)	Lending Club		04/18/2022		13,251		13,251		12,961
188163418.SRDLC, 8.49%, 04/28/2025 (a)(j)	Lending Club		05/02/2022		8,164		8,164		8,059
188173201.SRDLC, 9.99%, 04/08/2025 (a)(j)	Lending Club		04/12/2022		853		853		837
188176512.SRDLC, 21.49%, 04/15/2027 (a)(j)	Lending Club		04/19/2022		18,818		18,818		17,972
188177085.SRDLC, 7.09%, 04/08/2025 (a)(j)	Lending Club		04/12/2022		9,749		9,749		9,616
188180448.SRDLC, 8.99%, 04/11/2025 (a)(j)	Lending Club		04/13/2022		12,771		12,771		12,599
188180458.SRDLC, 13.19%, 04/08/2027 (a)(j)	Lending Club		04/12/2022		14,830		14,830		14,398
188180817.SRDLC, 9.69%, 04/18/2027 (a)(j)	Lending Club		04/20/2022		18,406		18,406		17,994
188186855.SRDLC, 6.59%, 04/11/2025 (a)(j)	Lending Club		04/13/2022		5,080		5,080		5,011
188187819.SRDLC, 23.99%, 04/08/2027 (a)(j)	Lending Club		04/12/2022		8,502		8,502		8,100
188192898.SRDLC, 23.49%, 04/13/2027 (a)(j)	Lending Club		04/15/2022		18,879		18,879		18,008
188193597.SRDLC, 12.49%, 04/18/2027 (a)(j)	Lending Club		04/20/2022		23,139		23,139		22,490
188196917.SRDLC, 22.49%, 04/10/2027 (a)(j)	Lending Club		04/13/2022		17,542		17,542		16,730

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

59

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
188197766.SRDLC, 8.99%, 04/11/2027 (a)(j)	Lending Club		04/13/2022	$	2,941	$	2,941	$	2,887
188200624.SRDLC, 7.59%, 04/11/2027 (a)(j)	Lending Club		04/13/2022		15,575		15,575		15,289
188202504.SRDLC, 18.19%, 04/11/2027 (a)(j)	Lending Club		04/13/2022		9,110		9,110		8,740
188203484.SRDLC, 12.49%, 04/11/2025 (a)(j)	Lending Club		04/13/2022		6,865		6,865		6,687
188208257.SRDLC, 14.49%, 04/17/2025 (a)(j)	Lending Club		04/13/2022		1,727		1,727		1,686
188209820.SRDLC, 20.99%, 04/20/2027 (a)(j)	Lending Club		04/22/2022		9,402		9,402		9,062
188210936.SRDLC, 9.29%, 04/11/2025 (a)(j)	Lending Club		04/13/2022		13,206		13,206		12,958
188212079.SRDLC, 7.59%, 04/20/2025 (a)(j)	Lending Club		04/13/2022		6,805		6,805		6,718
188214895.SRDLC, 26.79%, 04/21/2025 (a)(j)	Lending Club		04/14/2022		15,125		15,125		14,602
188214926.SRDLC, 16.19%, 04/11/2027 (a)(j)	Lending Club		04/13/2022		5,034		5,034		4,866
188223707.SRDLC, 16.99%, 04/19/2025 (a)(j)	Lending Club		04/13/2022		12,143		12,143		11,798
188232246.SRDLC, 14.19%, 04/02/2025 (a)(j)	Lending Club		04/18/2022		23,999		23,999		23,355
188232511.SRDLC, 4.99%, 04/20/2025 (a)(j)	Lending Club		04/13/2022		9,704		9,704		9,585
188241974.SRDLC, 26.79%, 04/27/2027 (a)(j)(k)	Lending Club		04/29/2022		6,436		6,436		1,034
188242926.SRDLC, 22.49%, 05/09/2027 (a)(j)	Lending Club		05/11/2022		17,144		17,144		16,354
188243266.SRDLC, 12.99%, 04/11/2027 (a)(j)	Lending Club		04/13/2022		13,897		13,897		13,495
188245083.SRDLC, 18.99%, 04/11/2027 (a)(j)	Lending Club		04/13/2022		30,264		30,264		29,105
188253660.SRDLC, 8.99%, 04/11/2027 (a)(j)	Lending Club		04/13/2022		9,189		9,189		9,022
188257765.SRDLC, 13.19%, 04/11/2025 (a)(j)	Lending Club		04/13/2022		2,577		2,577		2,511
188262303.SRDLC, 8.99%, 04/11/2025 (a)(j)	Lending Club		04/13/2022		3,406		3,406		3,360
188269841.SRDLC, 14.99%, 04/15/2027 (a)(j)	Lending Club		04/13/2022		23,291		23,291		22,675
188271685.SRDLC, 5.09%, 04/11/2025 (a)(j)	Lending Club		04/13/2022		5,062		5,062		4,993
188272070.SRDLC, 7.59%, 04/12/2025 (a)(j)	Lending Club		04/14/2022		9,760		9,760		9,628
188288146.SRDLC, 19.49%, 04/13/2027 (a)(j)	Lending Club		04/15/2022		6,564		6,564		6,297
188299292.SRDLC, 8.99%, 04/12/2025 (a)(j)	Lending Club		04/14/2022		9,363		9,363		9,237
188303266.SRDLC, 28.99%, 04/14/2027 (a)(j)	Lending Club		04/18/2022		3,426		3,426		3,272
188306165.SRDLC, 14.19%, 04/12/2025 (a)(j)	Lending Club		04/14/2022		6,632		6,632		6,461
188317069.SRDLC, 20.99%, 04/19/2027 (a)(j)	Lending Club		04/21/2022		11,281		11,281		10,841
188317779.SRDLC, 6.99%, 04/14/2027 (a)(j)	Lending Club		04/18/2022		9,332		9,332		9,162
188325419.SRDLC, 9.59%, 04/13/2027 (a)(j)	Lending Club		04/15/2022		23,002		23,002		22,479
188334977.SRDLC, 8.99%, 04/13/2025 (a)(j)	Lending Club		04/15/2022		25,543		25,543		25,199
188335663.SRDLC, 16.99%, 04/23/2025 (a)(j)	Lending Club		04/15/2022		6,968		6,968		6,776
188347330.SRDLC, 12.49%, 04/18/2025 (a)(j)	Lending Club		04/20/2022		7,723		7,723		7,531
188348223.SRDLC, 25.99%, 04/16/2027 (a)(j)	Lending Club		04/15/2022		15,182		15,182		14,521
188369317.SRDLC, 10%, 04/22/2027 (a)(j)	Lending Club		04/26/2022		33,152		33,152		32,427
188382495.SRDLC, 10.59%, 04/14/2027 (a)(j)	Lending Club		04/18/2022		23,050		23,050		22,534
188383621.SRDLC, 17.19%, 04/14/2027 (a)(j)	Lending Club		04/18/2022		5,977		5,977		5,784
188394163.SRDLC, 20.49%, 04/25/2025 (a)(j)	Lending Club		04/18/2022		30,763		30,763		29,783
188396800.SRDLC, 10.89%, 04/20/2025 (a)(j)	Lending Club		04/22/2022		26,978		26,978		26,527
188413118.SRDLC, 9.79%, 04/15/2027 (a)(j)	Lending Club		04/19/2022		4,602		4,602		4,499
188414239.SRDLC, 5.99%, 04/15/2025 (a)(j)	Lending Club		04/19/2022		3,805		3,805		3,754
188423939.SRDLC, 6.59%, 04/15/2027 (a)(j)	Lending Club		04/19/2022		21,015		21,015		20,632
188429512.SRDLC, 26.79%, 04/14/2025 (a)(j)	Lending Club		04/18/2022		2,650		2,650		2,549
188443111.SRDLC, 9.99%, 04/18/2027 (a)(j)	Lending Club		04/20/2022		11,971		11,971		11,704
188449984.SRDLC, 5.49%, 04/18/2025 (a)(j)	Lending Club		04/20/2022		8,445		8,445		8,332
188450644.SRDLC, 5.99%, 04/28/2025 (a)(j)	Lending Club		05/02/2022		4,228		4,228		4,173
188458413.SRDLC, 16.99%, 04/18/2025 (a)(j)	Lending Club		04/20/2022		4,332		4,332		4,199
188459918.SRDLC, 12.49%, 04/21/2025 (a)(j)(k)	Lending Club		04/25/2022		20,185		20,185		19,713
188461120.SRDLC, 7.59%, 04/21/2027 (a)(j)	Lending Club		04/21/2022		9,166		9,166		9,007
188463802.SRDLC, 15.99%, 04/22/2025 (a)(j)	Lending Club		04/19/2022		8,678		8,678		8,440
188469901.SRDLC, 8.79%, 04/18/2025 (a)(j)	Lending Club		04/20/2022		28,084		28,084		27,711
188470491.SRDLC, 7.09%, 04/25/2027 (a)(j)	Lending Club		04/27/2022		6,713		6,713		6,595
188472377.SRDLC, 20.44%, 04/21/2025 (a)(j)	Lending Club		04/25/2022		31,412		31,412		30,297
188486804.SRDLC, 14.69%, 04/28/2025 (a)(j)	Lending Club		05/02/2022		2,155		2,155		2,105
188487773.SRDLC, 8.99%, 04/21/2027 (a)(j)	Lending Club		04/25/2022		11,027		11,027		10,832
188494020.SRDLC, 15.19%, 04/18/2027 (a)(j)	Lending Club		04/20/2022		13,026		13,026		12,609
188498586.SRDLC, 16.99%, 04/27/2025 (a)(j)	Lending Club		04/29/2022		21,660		21,660		21,033

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

60

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
188506333.SRDLC, 7.59%, 04/18/2027 (a)(j)	Lending Club		04/20/2022	$	16,491	$	16,491	$	16,193
188508384.SRDLC, 27.79%, 04/18/2025 (a)(j)	Lending Club		04/20/2022		5,310		5,310		5,112
188511308.SRDLC, 9.99%, 04/18/2027 (a)(j)	Lending Club		04/20/2022		31,608		31,608		30,903
188512606.SRDLC, 16.19%, 04/18/2025 (a)(j)	Lending Club		04/20/2022		9,428		9,428		9,138
188512665.SRDLC, 16.19%, 04/18/2025 (a)(j)	Lending Club		04/20/2022		6,055		6,055		5,868
188521296.SRDLC, 30.99%, 04/21/2027 (a)(j)(k)	Lending Club		04/25/2022		24,060		24,060		23,037
188524513.SRDLC, 14.09%, 04/20/2025 (a)(j)	Lending Club		04/20/2022		15,514		15,514		15,161
188524541.SRDLC, 7.59%, 04/21/2027 (a)(j)	Lending Club		04/25/2022		10,994		10,994		10,797
188525090.SRDLC, 7.49%, 04/21/2025 (a)(j)	Lending Club		04/25/2022		1,697		1,697		1,675
188528715.SRDLC, 6.59%, 04/18/2025 (a)(j)	Lending Club		04/20/2022		3,810		3,810		3,759
188533982.SRDLC, 14.19%, 04/18/2027 (a)(j)	Lending Club		04/20/2022		11,144		11,144		10,833
188533985.SRDLC, 8.79%, 04/25/2025 (a)(j)	Lending Club		04/27/2022		12,765		12,765		12,599
188546778.SRDLC, 14.19%, 04/19/2025 (a)(j)	Lending Club		04/21/2022		9,699		9,699		9,470
188548893.SRDLC, 7.59%, 05/03/2027 (a)(j)	Lending Club		05/05/2022		20,468		20,468		20,085
188550074.SRDLC, 5.99%, 04/18/2025 (a)(j)	Lending Club		04/20/2022		21,984		21,984		21,689
188551734.SRDLC, 6.99%, 04/10/2025 (a)(j)	Lending Club		04/27/2022		10,140		10,140		10,002
188554654.SRDLC, 13.69%, 05/02/2025 (a)(j)	Lending Club		05/04/2022		4,245		4,245		4,135
188560211.SRDLC, 14.19%, 04/25/2027 (a)(j)	Lending Club		04/27/2022		11,144		11,144		10,844
188560858.SRDLC, 15.19%, 04/25/2027 (a)(j)	Lending Club		04/27/2022		27,913		27,913		27,056
188563688.SRDLC, 5.09%, 04/18/2025 (a)(j)(k)	Lending Club		04/20/2022		4,350		4,350		4,292
188566856.SRDLC, 10.99%, 04/18/2025 (a)(j)	Lending Club		04/20/2022		7,184		7,184		7,054
188574358.SRDLC, 7.99%, 04/23/2025 (a)(j)	Lending Club		04/22/2022		1,629		1,629		1,611
188574943.SRDLC, 28.99%, 04/22/2027 (a)(j)	Lending Club		04/26/2022		11,426		11,426		10,972
188576274.SRDLC, 6.99%, 04/19/2025 (a)(j)	Lending Club		04/21/2022		3,691		3,691		3,672
188588178.SRDLC, 7.49%, 04/19/2025 (a)(j)	Lending Club		04/21/2022		13,576		13,576		13,395
188593549.SRDLC, 27.99%, 04/20/2025 (a)(j)	Lending Club		04/22/2022		21,247		21,247		20,468
188596533.SRDLC, 21.79%, 04/19/2025 (a)(j)	Lending Club		04/21/2022		3,147		3,147		3,032
188597290.SRDLC, 7.49%, 04/15/2027 (a)(j)	Lending Club		04/21/2022		27,453		27,453		26,958
188602043.SRDLC, 23.99%, 04/25/2027 (a)(j)	Lending Club		04/25/2022		18,005		18,005		17,281
188603010.SRDLC, 14.69%, 04/20/2025 (a)(j)	Lending Club		04/22/2022		5,173		5,173		5,046
188610073.SRDLC, 11.99%, 04/20/2025 (a)(j)	Lending Club		04/22/2022		1,286		1,286		1,263
188620193.SRDLC, 9.99%, 04/20/2025 (a)(j)	Lending Club		04/22/2022		5,120		5,120		5,028
188623035.SRDLC, 11.99%, 04/20/2025 (a)(j)	Lending Club		04/22/2022		19,972		19,972		19,613
188633812.SRDLC, 14.99%, 04/20/2027 (a)(j)(k)	Lending Club		04/22/2022		11,305		11,305		11,005
188637325.SRDLC, 9.99%, 04/20/2025 (a)(j)	Lending Club		04/22/2022		11,094		11,094		10,894
188639510.SRDLC, 23.99%, 04/21/2027 (a)(j)	Lending Club		04/25/2022		9,447		9,447		9,043
188643355.SRDLC, 11.99%, 04/20/2027 (a)(j)(k)	Lending Club		04/22/2022		15,000		15,000		14,681
188643790.SRDLC, 11.99%, 04/20/2025 (a)(j)	Lending Club		04/22/2022		8,572		8,572		8,418
188651498.SRDLC, 9.99%, 04/21/2027 (a)(j)	Lending Club		04/25/2022		7,367		7,367		7,205
188655269.SRDLC, 9.09%, 04/20/2025 (a)(j)	Lending Club		04/22/2022		8,516		8,516		8,362
188662151.SRDLC, 10.99%, 04/20/2025 (a)(j)	Lending Club		04/22/2022		10,263		10,263		10,078
188663171.SRDLC, 10.89%, 04/21/2025 (a)(j)	Lending Club		04/25/2022		11,971		11,971		11,758
188678408.SRDLC, 7.59%, 04/25/2027 (a)(j)(k)	Lending Club		04/27/2022		192		192		191
188683792.SRDLC, 14.99%, 04/25/2027 (a)(j)	Lending Club		04/27/2022		6,511		6,511		6,336
188683963.SRDLC, 30.99%, 04/27/2027 (a)(j)	Lending Club		04/29/2022		17,696		17,696		16,986
188687759.SRDLC, 14.99%, 04/22/2027 (a)(j)	Lending Club		04/26/2022		13,951		13,951		13,574
188691099.SRDLC, 7.59%, 04/26/2027 (a)(j)	Lending Club		04/28/2022		17,407		17,407		17,097
188695663.SRDLC, 8.99%, 04/27/2025 (a)(j)	Lending Club		04/29/2022		10,217		10,217		10,084
188701267.SRDLC, 17.44%, 04/21/2027 (a)(j)	Lending Club		04/25/2022		18,686		18,686		18,108
188705387.SRDLC, 6.49%, 04/22/2025 (a)(j)	Lending Club		04/26/2022		4,233		4,233		4,177
188705941.SRDLC, 14.99%, 04/21/2027 (a)(j)	Lending Club		04/25/2022		18,602		18,602		18,093
188715091.SRDLC, 23.99%, 04/22/2027 (a)(j)	Lending Club		04/26/2022		37,787		37,787		36,186
188726937.SRDLC, 16.99%, 04/26/2025 (a)(j)	Lending Club		04/28/2022		4,140		4,140		4,022
188732658.SRDLC, 14.99%, 04/25/2027 (a)(j)	Lending Club		04/27/2022		19,346		19,346		18,827
188734305.SRDLC, 8.49%, 04/27/2025 (a)(j)	Lending Club		04/29/2022		34,018		34,018		33,575
188737087.SRDLC, 13.49%, 04/25/2027 (a)(j)	Lending Club		04/27/2022		37,096		37,096		36,096
188739371.SRDLC, 12.34%, 04/28/2025 (a)(j)	Lending Club		05/02/2022		5,147		5,147		5,027

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

61

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

		PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
188759011.SRDLC, 11.69%, 04/25/2026 (a)(j)		Lending Club		04/27/2022	$	22,024	$	22,024	$	21,573
188761265.SRDLC, 6.59%, 04/25/2025 (a)(j)		Lending Club		04/27/2022		8,467		8,467		8,356
188767705.SRDLC, 30.99%, 04/25/2027 (a)(j)(k)		Lending Club		04/27/2022		17,559		17,559		2,783
188769548.SRDLC, 6.59%, 04/28/2027 (a)(j)(k)		Lending Club		05/02/2022		11,055		11,055		10,862
188777837.SRDLC, 14.99%, 04/25/2027 (a)(j)		Lending Club		04/27/2022		25,438		25,438		24,755
188779064.SRDLC, 21.49%, 04/27/2025 (a)(j)		Lending Club		04/29/2022		4,356		4,356		4,206
188779516.SRDLC, 30.99%, 04/15/2027 (a)(j)		Lending Club		05/02/2022		5,650		5,650		5,420
188780842.SRDLC, 8.49%, 04/29/2025 (a)(j)		Lending Club		04/27/2022		17,026		17,026		16,828
188788459.SRDLC, 10.59%, 04/25/2027 (a)(j)		Lending Club		04/27/2022		13,369		13,369		13,079
188790151.SRDLC, 5.49%, 04/25/2025 (a)(j)		Lending Club		04/27/2022		4,223		4,223		4,167
188793044.SRDLC, 8.49%, 04/25/2025 (a)(j)		Lending Club		04/27/2022		8,504		8,504		8,393
188799399.SRDLC, 6.99%, 04/25/2025 (a)(j)		Lending Club		04/27/2022		33,900		33,900		33,455
188800045.SRDLC, 5.59%, 04/26/2027 (a)(j)		Lending Club		04/28/2022		36,480		36,480		35,823
188805410.SRDLC, 6.59%, 04/26/2025 (a)(j)		Lending Club		04/28/2022		10,161		10,161		10,027
188806949.SRDLC, 21.49%, 04/28/2025 (a)(j)	��	Lending Club		05/02/2022		8,350		8,350		8,072
188815893.SRDLC, 8.79%, 04/25/2025 (a)(j)		Lending Club		04/27/2022		2,979		2,979		2,940
188837059.SRDLC, 8.49%, 04/26/2025 (a)(j)		Lending Club		04/28/2022		4,252		4,252		4,197
188838520.SRDLC, 12.49%, 04/27/2025 (a)(j)		Lending Club		04/29/2022		12,872		12,872		12,568
188843204.SRDLC, 14.99%, 04/26/2027 (a)(j)		Lending Club		04/28/2022		9,302		9,302		9,071
188846276.SRDLC, 11.89%, 05/10/2027 (a)(j)		Lending Club		04/29/2022		37,673		37,673		36,865
188851082.SRDLC, 23.49%, 04/28/2027 (a)(j)		Lending Club		05/02/2022		15,008		15,008		14,404
188852531.SRDLC, 13.49%, 04/15/2027 (a)(j)		Lending Club		04/29/2022		27,680		27,680		26,938
188865237.SRDLC, 14.09%, 04/30/2027 (a)(j)		Lending Club		05/02/2022		9,292		9,292		9,086
188871984.SRDLC, 22.49%, 04/27/2027 (a)(j)		Lending Club		04/29/2022		15,079		15,079		14,456
188874153.SRDLC, 11.99%, 04/28/2027 (a)(j)		Lending Club		05/02/2022		9,247		9,247		9,051
188874439.SRDLC, 21.79%, 04/27/2025 (a)(j)		Lending Club		04/29/2022		2,608		2,608		2,518
188879701.SRDLC, 23.99%, 04/27/2027 (a)(j)		Lending Club		04/29/2022		23,617		23,617		22,643
188880423.SRDLC, 21.49%, 04/30/2025 (a)(j)		Lending Club		04/29/2022		4,381		4,381		4,254
188886850.SRDLC, 7.49%, 04/28/2025 (a)(j)		Lending Club		05/02/2022		6,788		6,788		6,700
188890261.SRDLC, 22.99%, 04/27/2025 (a)(j)		Lending Club		04/29/2022		2,170		2,170		2,096
188891894.SRDLC, 7.99%, 04/28/2025 (a)(j)		Lending Club		05/02/2022		1,699		1,699		1,677
188892512.SRDLC, 16.99%, 04/28/2025 (a)(j)		Lending Club		05/02/2022		5,198		5,198		5,051
188906059.SRDLC, 22.99%, 04/28/2025 (a)(j)		Lending Club		05/02/2022		4,385		4,385		4,250
188906118.SRDLC, 7.09%, 04/28/2027 (a)(j)		Lending Club		05/02/2022		19,218		19,218		18,878
190431243.SRDLC, 30.99%, 07/05/2025 (a)(j)		Lending Club		07/07/2022		4,736		4,769		4,569
190580202.SRDLC, 20.49%, 07/05/2025 (a)(j)		Lending Club		07/07/2022		5,628		5,666		5,519
190585073.SRDLC, 16.99%, 07/07/2025 (a)(j)		Lending Club		07/11/2022		23,365		23,526		23,023
190656219.SRDLC, 21.99%, 07/15/2025 (a)(j)		Lending Club		07/13/2022		6,097		6,140		5,984
190734719.SRDLC, 29.74%, 07/05/2025 (a)(j)		Lending Club		07/07/2022		9,461		9,527		9,128
190739134.SRDLC, 6.49%, 07/20/2027 (a)(j)		Lending Club		07/08/2022		33,593		33,593		33,084
190788536.SRDLC, 30.99%, 07/18/2026 (a)(j)		Lending Club		07/20/2022		3,869		3,906		3,753
190818629.SRDLC, 24.99%, 07/05/2025 (a)(j)		Lending Club		07/07/2022		8,478		8,537		8,239
190843610.SRDLC, 26.49%, 07/05/2027 (a)(j)		Lending Club		07/07/2022		11,802		11,888		11,491
190873520.SRDLC, 15.74%, 07/11/2025 (a)(j)		Lending Club		07/13/2022		5,600		5,639		5,520
190889207.SRDLC, 17.99%, 07/18/2025 (a)(j)		Lending Club		07/20/2022		4,678		4,721		4,617
190893071.SRDLC, 20.99%, 07/11/2025 (a)(j)		Lending Club		07/13/2022		16,891		17,008		16,593
190910095.SRDLC, 7.59%, 07/11/2025 (a)(j)		Lending Club		07/13/2022		5,550		5,550		5,485
190913131.SRDLC, 28.49%, 07/05/2026 (a)(j)		Lending Club		07/07/2022		2,702		2,721		2,618
190966377.SRDLC, 26.99%, 07/16/2025 (a)(j)		Lending Club		07/13/2022		3,790		3,817		3,703
190966542.SRDLC, 16.99%, 07/05/2025 (a)(j)		Lending Club		07/07/2022		2,337		2,353		2,301
190968042.SRDLC, 28.99%, 07/15/2025 (a)(j)		Lending Club		07/13/2022		5,693		5,733		5,551
190983738.SRDLC, 18.99%, 07/15/2025 (a)(j)		Lending Club		07/08/2022		4,690		4,690		4,568
190984670.SRDLC, 30.99%, 07/28/2025 (a)(j)(k)		Lending Club		08/01/2022		5,504		5,556		5,346
191000884.SRDLC, 30.99%, 07/05/2027 (a)(j)		Lending Club		07/07/2022		14,670		14,777		14,055
191007294.SRDLC, 30.99%, 07/06/2027 (a)(j)		Lending Club		07/08/2022		19,560		19,703		18,750
191015102.SRDLC, 30.99%, 07/05/2027 (a)(j)		Lending Club		07/07/2022		19,560		19,703		18,740
191024293.SRDLC, 15.24%, 07/07/2025 (a)(j)		Lending Club		07/11/2022		2,799		2,799		2,728

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

62

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
191030355.SRDLC, 25.99%, 07/06/2025 (a)(j)	Lending Club		07/08/2022	$	3,414	$	3,438	$	3,329
191035222.SRDLC, 17.54%, 07/20/2027 (a)(j)	Lending Club		07/07/2022		7,695		7,750		7,516
191038262.SRDLC, 28.99%, 08/04/2025 (a)(j)	Lending Club		08/08/2022		19,282		19,464		18,937
191042171.SRDLC, 10.99%, 07/07/2026 (a)(j)	Lending Club		07/11/2022		35,131		35,131		34,511
191043882.SRDLC, 16.24%, 07/05/2025 (a)(j)	Lending Club		07/07/2022		4,202		4,231		4,138
191058033.SRDLC, 21.99%, 07/05/2025 (a)(j)	Lending Club		07/07/2022		7,045		7,094		6,887
191073209.SRDLC, 30.99%, 07/11/2026 (a)(j)(k)	Lending Club		07/13/2022		3,000		3,023		698
191076667.SRDLC, 16.49%, 07/05/2025 (a)(j)	Lending Club		07/07/2022		4,671		4,703		4,599
191080389.SRDLC, 30.99%, 07/05/2026 (a)(j)	Lending Club		07/07/2022		4,834		4,869		4,647
191086066.SRDLC, 17.99%, 07/05/2025 (a)(j)	Lending Club		07/07/2022		7,204		7,253		7,093
191089018.SRDLC, 13.44%, 07/14/2027 (a)(j)	Lending Club		07/18/2022		8,486		8,486		8,295
191092978.SRDLC, 26.99%, 07/11/2025 (a)(j)	Lending Club		07/13/2022		5,663		5,702		5,504
191093360.SRDLC, 30.99%, 07/05/2027 (a)(j)	Lending Club		07/07/2022		9,096		9,162		8,714
191094293.SRDLC, 30.99%, 07/15/2027 (a)(j)	Lending Club		07/11/2022		4,926		4,963		4,737
191095020.SRDLC, 23.74%, 07/07/2027 (a)(j)	Lending Club		07/11/2022		20,238		20,238		19,446
191100451.SRDLC, 7.09%, 07/15/2025 (a)(j)	Lending Club		07/08/2022		10,631		10,631		10,503
191101249.SRDLC, 15.74%, 07/15/2027 (a)(j)	Lending Club		07/19/2022		27,058		27,058		26,368
191104158.SRDLC, 14.94%, 08/03/2027 (a)(j)	Lending Club		08/04/2022		39,107		39,107		38,762
191105569.SRDLC, 30.99%, 07/26/2027 (a)(j)	Lending Club		07/26/2022		11,780		11,895		11,419
191112629.SRDLC, 26.99%, 08/04/2025 (a)(j)	Lending Club		08/08/2022		3,852		3,888		3,784
191113722.SRDLC, 24.99%, 07/22/2027 (a)(j)	Lending Club		07/26/2022		9,739		9,833		9,523
191122073.SRDLC, 30.99%, 07/14/2027 (a)(j)	Lending Club		07/07/2022		12,812		12,905		12,293
191125187.SRDLC, 17.49%, 07/05/2025 (a)(j)	Lending Club		07/07/2022		10,286		10,357		10,128
191128959.SRDLC, 30.99%, 07/12/2027 (a)(j)	Lending Club		07/12/2022		7,853		7,910		7,555
191148128.SRDLC, 16.49%, 07/07/2025 (a)(j)	Lending Club		07/11/2022		8,149		8,149		7,940
191151335.SRDLC, 22.99%, 07/05/2027 (a)(j)	Lending Club		07/07/2022		8,141		8,201		7,924
191154880.SRDLC, 7.74%, 08/02/2025 (a)(j)	Lending Club		08/04/2022		9,503		9,503		9,460
191159042.SRDLC, 30.99%, 07/06/2027 (a)(j)	Lending Club		07/08/2022		23,473		23,643		22,500
191159852.SRDLC, 30.49%, 07/20/2027 (a)(j)	Lending Club		07/08/2022		9,900		9,975		9,591
191159999.SRDLC, 28.99%, 07/26/2025 (a)(j)	Lending Club		07/28/2022		5,295		5,344		5,182
191161484.SRDLC, 30.99%, 07/19/2025 (a)(j)	Lending Club		07/21/2022		4,736		4,780		4,605
191176580.SRDLC, 18.24%, 07/08/2025 (a)(j)	Lending Club		07/12/2022		4,679		4,711		4,612
191177276.SRDLC, 30.99%, 07/18/2027 (a)(j)	Lending Club		07/20/2022		19,560		19,751		18,875
191178176.SRDLC, 30.99%, 07/11/2027 (a)(j)	Lending Club		07/13/2022		4,890		4,926		4,700
191181283.SRDLC, 23.49%, 07/07/2027 (a)(j)	Lending Club		07/11/2022		14,592		14,697		14,225
191181523.SRDLC, 30.99%, 07/16/2027 (a)(j)	Lending Club		07/13/2022		19,651		19,795		18,916
191193127.SRDLC, 30.49%, 07/13/2027 (a)(j)	Lending Club		07/15/2022		9,973		10,045		9,596
191197966.SRDLC, 30.99%, 07/28/2027 (a)(j)	Lending Club		07/19/2022		17,740		17,912		17,258
191198358.SRDLC, 30.99%, 07/12/2027 (a)(j)	Lending Club		07/14/2022		7,042		7,093		6,772
191203714.SRDLC, 23.99%, 07/15/2025 (a)(j)(k)	Lending Club		07/19/2022		9,653		9,653		3,861
191212299.SRDLC, 17.74%, 07/07/2025 (a)(j)	Lending Club		07/11/2022		1,266		1,274		1,249
191218430.SRDLC, 30.99%, 07/15/2025 (a)(j)	Lending Club		07/19/2022		5,683		5,736		5,520
191219951.SRDLC, 23.99%, 07/08/2025 (a)(j)	Lending Club		07/12/2022		5,647		5,647		5,462
191226544.SRDLC, 30.99%, 07/27/2025 (a)(j)	Lending Club		07/29/2022		11,366		11,473		11,102
191229228.SRDLC, 26.99%, 08/29/2027 (a)(j)	Lending Club		07/12/2022		23,988		24,162		23,634
191241687.SRDLC, 24.99%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		9,415		9,503		9,196
191244064.SRDLC, 19.99%, 07/13/2027 (a)(j)	Lending Club		07/13/2022		11,654		11,738		11,416
191246684.SRDLC, 15.99%, 07/11/2025 (a)(j)	Lending Club		07/13/2022		3,081		3,081		3,004
191251728.SRDLC, 30.99%, 07/08/2027 (a)(j)	Lending Club		07/12/2022		8,215		8,275		7,892
191252175.SRDLC, 30.99%, 07/11/2027 (a)(j)	Lending Club		07/13/2022		4,787		4,821		4,596
191263540.SRDLC, 24.99%, 07/28/2025 (a)(j)	Lending Club		07/20/2022		14,220		14,354		13,929
191268771.SRDLC, 26.74%, 07/08/2025 (a)(j)	Lending Club		07/12/2022		1,887		1,900		1,833
191270654.SRDLC, 25.99%, 07/11/2027 (a)(j)	Lending Club		07/13/2022		23,391		23,391		22,495
191274191.SRDLC, 26.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		9,629		9,721		9,469
191275722.SRDLC, 27.99%, 07/18/2025 (a)(j)	Lending Club		07/13/2022		1,425		1,436		1,390
191276546.SRDLC, 19.49%, 07/11/2025 (a)(j)	Lending Club		07/13/2022		2,155		2,170		2,117
191285159.SRDLC, 23.99%, 07/11/2027 (a)(j)	Lending Club		07/13/2022		5,839		5,839		5,615

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

63

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
191289694.SRDLC, 30.49%, 07/22/2027 (a)(j)	Lending Club		07/26/2022	$	11,439	$	11,550	$	11,074
191291119.SRDLC, 30.99%, 07/11/2027 (a)(j)	Lending Club		07/13/2022		5,939		5,982		5,766
191293818.SRDLC, 30.99%, 07/15/2027 (a)(j)	Lending Club		07/19/2022		17,604		17,775		16,978
191295680.SRDLC, 17.99%, 07/01/2025 (a)(j)(k)	Lending Club		07/25/2022		14,434		14,568		14,333
191295842.SRDLC, 27.99%, 07/25/2025 (a)(j)	Lending Club		07/21/2022		2,385		2,406		2,321
191296311.SRDLC, 16.99%, 07/11/2025 (a)(j)	Lending Club		07/13/2022		2,337		2,353		2,303
191302516.SRDLC, 10.04%, 07/11/2025 (a)(j)	Lending Club		07/13/2022		8,442		8,442		8,311
191302532.SRDLC, 23.49%, 07/11/2027 (a)(j)	Lending Club		07/13/2022		5,837		5,879		5,694
191308241.SRDLC, 24.49%, 07/11/2027 (a)(j)	Lending Club		07/13/2022		9,734		9,804		9,467
191310544.SRDLC, 30.99%, 07/13/2027 (a)(j)	Lending Club		07/15/2022		7,824		7,881		7,529
191313508.SRDLC, 19.49%, 07/15/2027 (a)(j)	Lending Club		07/13/2022		4,529		4,562		4,425
191316742.SRDLC, 30.99%, 07/12/2025 (a)(j)	Lending Club		07/14/2022		6,156		6,200		5,963
191317877.SRDLC, 5.09%, 07/16/2025 (a)(j)	Lending Club		07/13/2022		28,615		28,615		28,308
191320889.SRDLC, 22.49%, 07/26/2025 (a)(j)	Lending Club		07/13/2022		5,697		5,737		5,594
191321447.SRDLC, 30.49%, 07/13/2025 (a)(j)	Lending Club		07/15/2022		6,272		6,316		6,079
191337039.SRDLC, 14.54%, 07/11/2025 (a)(j)	Lending Club		07/13/2022		3,719		3,745		3,666
191340523.SRDLC, 15.69%, 07/11/2027 (a)(j)	Lending Club		07/13/2022		25,125		25,125		24,456
191346196.SRDLC, 27.74%, 07/20/2027 (a)(j)	Lending Club		07/22/2022		11,710		11,824		11,424
191353759.SRDLC, 30.99%, 07/15/2025 (a)(j)(k)	Lending Club		07/19/2022		4,054		4,092		3,949
191357645.SRDLC, 22.49%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		23,494		23,713		23,068
191368314.SRDLC, 28.99%, 07/12/2024 (a)(j)	Lending Club		07/14/2022		5,424		5,460		5,320
191371545.SRDLC, 17.24%, 07/11/2025 (a)(j)	Lending Club		07/13/2022		4,674		4,707		4,608
191372751.SRDLC, 22.49%, 07/11/2027 (a)(j)	Lending Club		07/13/2022		8,554		8,616		8,344
191376381.SRDLC, 27.49%, 07/12/2026 (a)(j)	Lending Club		07/14/2022		4,050		4,079		3,937
191390818.SRDLC, 17.19%, 07/04/2027 (a)(j)	Lending Club		07/15/2022		38,529		38,529		37,519
191394525.SRDLC, 28.99%, 07/20/2024 (a)(j)(k)	Lending Club		07/15/2022		14,616		14,726		3,345
191397971.SRDLC, 30.49%, 07/25/2025 (a)(j)(k)	Lending Club		07/14/2022		24,948		25,135		5,983
191402564.SRDLC, 17.99%, 07/13/2024 (a)(j)	Lending Club		07/15/2022		4,647		4,677		4,602
191417288.SRDLC, 26.24%, 07/19/2027 (a)(j)	Lending Club		07/15/2022		7,051		7,103		6,886
191421709.SRDLC, 29.49%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		8,915		8,915		8,647
191429544.SRDLC, 30.99%, 07/14/2025 (a)(j)	Lending Club		07/18/2022		9,471		9,538		9,194
191434671.SRDLC, 13.44%, 07/14/2027 (a)(j)	Lending Club		07/18/2022		22,660		22,660		22,150
191441017.SRDLC, 9.79%, 07/19/2025 (a)(j)	Lending Club		07/21/2022		13,911		13,911		13,705
191446786.SRDLC, 22.49%, 07/26/2027 (a)(j)	Lending Club		07/28/2022		4,866		4,913		4,784
191452895.SRDLC, 17.99%, 07/14/2025 (a)(j)	Lending Club		07/18/2022		4,584		4,616		4,523
191453578.SRDLC, 19.49%, 07/22/2025 (a)(j)	Lending Club		07/26/2022		2,342		2,364		2,309
191456870.SRDLC, 22.49%, 07/14/2025 (a)(j)	Lending Club		07/18/2022		2,818		2,838		2,765
191461644.SRDLC, 24.49%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		3,437		3,469		3,357
191461742.SRDLC, 30.99%, 07/20/2025 (a)(j)	Lending Club		07/22/2022		9,471		9,560		9,215
191462872.SRDLC, 22.49%, 07/28/2027 (a)(j)	Lending Club		08/01/2022		4,860		4,907		4,775
191462983.SRDLC, 28.99%, 07/21/2027 (a)(j)	Lending Club		07/25/2022		6,837		6,903		6,680
191469608.SRDLC, 20.99%, 07/16/2025 (a)(j)	Lending Club		07/18/2022		9,395		9,461		9,266
191470488.SRDLC, 28.99%, 07/14/2027 (a)(j)	Lending Club		07/18/2022		8,790		8,854		8,560
191491322.SRDLC, 24.99%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		4,357		4,397		4,256
191492595.SRDLC, 24.49%, 07/25/2025 (a)(j)	Lending Club		07/27/2022		3,390		3,390		3,296
191496694.SRDLC, 30.99%, 07/27/2025 (a)(j)	Lending Club		07/29/2022		2,273		2,295		2,220
191497870.SRDLC, 30.99%, 07/22/2027 (a)(j)	Lending Club		07/20/2022		14,725		14,869		14,227
191505363.SRDLC, 17.99%, 07/15/2025 (a)(j)	Lending Club		07/19/2022		10,320		10,415		10,184
191510625.SRDLC, 23.99%, 07/25/2027 (a)(j)	Lending Club		07/27/2022		30,387		30,387		29,369
191513596.SRDLC, 9.79%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		11,129		11,129		10,963
191521233.SRDLC, 18.99%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		5,525		5,576		5,454
191527006.SRDLC, 30.99%, 07/18/2027 (a)(j)	Lending Club		07/20/2022		4,890		4,938		4,719
191533230.SRDLC, 28.99%, 07/20/2024 (a)(j)	Lending Club		07/20/2022		2,264		2,284		2,227
191535746.SRDLC, 12.69%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		5,109		5,109		5,009
191538132.SRDLC, 13.69%, 08/05/2025 (a)(j)	Lending Club		08/09/2022		15,272		15,272		15,088
191541223.SRDLC, 30.99%, 07/18/2027 (a)(j)	Lending Club		07/20/2022		12,910		12,910		12,449
191543393.SRDLC, 19.74%, 08/05/2025 (a)(j)	Lending Club		08/09/2022		33,547		33,547		32,861

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

64

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
191544930.SRDLC, 23.99%, 07/28/2027 (a)(j)	Lending Club		08/01/2022	$	17,517	$	17,687	$	17,215
191553131.SRDLC, 28.49%, 07/18/2027 (a)(j)	Lending Club		07/20/2022		5,859		5,916		5,709
191555472.SRDLC, 29.24%, 07/18/2027 (a)(j)	Lending Club		07/20/2022		9,378		9,469		9,048
191559588.SRDLC, 30.99%, 07/18/2027 (a)(j)	Lending Club		07/20/2022		5,868		5,925		5,662
191559906.SRDLC, 30.99%, 07/19/2027 (a)(j)	Lending Club		07/21/2022		10,660		10,764		10,292
191563994.SRDLC, 19.24%, 07/18/2027 (a)(j)	Lending Club		07/20/2022		8,671		8,755		8,486
191564712.SRDLC, 17.24%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		1,617		1,632		1,596
191566159.SRDLC, 15.74%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		6,533		6,593		6,448
191572560.SRDLC, 30.99%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		2,841		2,868		2,762
191578273.SRDLC, 30.99%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		3,315		3,346		3,222
191583845.SRDLC, 19.99%, 07/18/2025 (a)(j)	Lending Club		07/20/2022		1,406		1,419		1,384
191588942.SRDLC, 27.49%, 07/19/2026 (a)(j)	Lending Club		07/21/2022		3,375		3,407		3,291
191601897.SRDLC, 30.99%, 08/02/2027 (a)(j)	Lending Club		08/04/2022		14,786		14,932		14,469
191603240.SRDLC, 14.94%, 07/18/2027 (a)(j)	Lending Club		07/20/2022		15,450		15,450		15,109
191609370.SRDLC, 26.49%, 08/15/2025 (a)(j)	Lending Club		08/08/2022		11,651		11,762		11,522
191616350.SRDLC, 30.99%, 07/19/2027 (a)(j)	Lending Club		07/21/2022		5,868		5,925		5,665
191616574.SRDLC, 17.99%, 07/19/2025 (a)(j)	Lending Club		07/21/2022		7,005		7,072		6,919
191622860.SRDLC, 15.49%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		6,261		6,261		6,194
191622892.SRDLC, 21.49%, 07/25/2025 (a)(j)	Lending Club		07/27/2022		939		948		926
191627894.SRDLC, 19.99%, 07/20/2025 (a)(j)	Lending Club		07/22/2022		8,987		8,987		8,748
191628206.SRDLC, 28.99%, 08/16/2027 (a)(j)	Lending Club		08/18/2022		18,709		18,709		18,256
191628288.SRDLC, 30.99%, 07/20/2026 (a)(j)	Lending Club		07/22/2022		3,868		3,905		3,749
191632334.SRDLC, 28.99%, 07/21/2025 (a)(j)	Lending Club		07/25/2022		2,836		2,863		2,772
191633149.SRDLC, 11.74%, 08/03/2025 (a)(j)(k)	Lending Club		07/21/2022		9,532		9,532		9,392
191640871.SRDLC, 30.99%, 07/31/2027 (a)(j)	Lending Club		07/27/2022		9,440		9,530		9,118
191652750.SRDLC, 30.99%, 07/20/2025 (a)(j)	Lending Club		07/22/2022		2,368		2,390		2,304
191657624.SRDLC, 30.99%, 07/20/2025 (a)(j)	Lending Club		07/22/2022		9,471		9,560		9,215
191666463.SRDLC, 23.99%, 08/16/2027 (a)(j)	Lending Club		08/09/2022		5,939		5,939		5,828
191666661.SRDLC, 28.99%, 08/04/2025 (a)(j)	Lending Club		08/08/2022		1,928		1,928		1,882
191667074.SRDLC, 30.49%, 07/20/2027 (a)(j)	Lending Club		07/22/2022		9,386		9,477		9,067
191667374.SRDLC, 30.99%, 07/22/2025 (a)(j)	Lending Club		07/26/2022		7,104		7,170		6,927
191667711.SRDLC, 17.99%, 07/25/2025 (a)(j)	Lending Club		07/27/2022		4,678		4,721		4,624
191667746.SRDLC, 25.74%, 07/21/2025 (a)(j)	Lending Club		07/25/2022		8,013		8,013		7,785
191667844.SRDLC, 26.24%, 07/20/2025 (a)(j)	Lending Club		07/22/2022		3,395		3,427		3,319
191674418.SRDLC, 19.74%, 08/05/2025 (a)(j)	Lending Club		08/09/2022		28,755		28,755		28,167
191676294.SRDLC, 21.49%, 07/21/2026 (a)(j)	Lending Club		07/25/2022		6,876		6,942		6,756
191678013.SRDLC, 24.99%, 07/21/2027 (a)(j)	Lending Club		07/25/2022		11,687		11,800		11,423
191680560.SRDLC, 23.49%, 07/28/2027 (a)(j)	Lending Club		07/27/2022		10,722		10,827		10,552
191686037.SRDLC, 17.74%, 07/25/2025 (a)(j)	Lending Club		07/27/2022		296		296		296
191694452.SRDLC, 30.99%, 07/25/2027 (a)(j)	Lending Club		07/27/2022		6,357		6,357		6,146
191695847.SRDLC, 13.09%, 07/21/2025 (a)(j)	Lending Club		07/25/2022		5,585		5,585		5,479
191699828.SRDLC, 24.49%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		10,095		10,095		9,910
191702410.SRDLC, 20.49%, 07/22/2025 (a)(j)	Lending Club		07/26/2022		2,250		2,271		2,217
191704224.SRDLC, 18.49%, 07/25/2024 (a)(j)	Lending Club		07/27/2022		7,511		7,577		7,456
191705478.SRDLC, 30.99%, 07/25/2027 (a)(j)	Lending Club		07/27/2022		14,670		14,813		14,211
191705506.SRDLC, 17.99%, 07/22/2025 (a)(j)	Lending Club		07/26/2022		2,807		2,833		2,774
191706302.SRDLC, 30.99%, 07/25/2027 (a)(j)	Lending Club		07/27/2022		14,670		14,813		14,210
191714741.SRDLC, 19.74%, 07/21/2025 (a)(j)	Lending Club		07/25/2022		6,748		6,748		6,567
191716011.SRDLC, 30.99%, 07/25/2027 (a)(j)	Lending Club		07/27/2022		9,780		9,876		9,474
191719298.SRDLC, 19.49%, 07/25/2025 (a)(j)	Lending Club		07/27/2022		2,108		2,128		2,078
191724345.SRDLC, 13.69%, 07/21/2027 (a)(j)	Lending Club		07/25/2022		9,645		9,645		9,438
191725647.SRDLC, 8.09%, 08/09/2025 (a)(j)	Lending Club		08/11/2022		15,209		15,209		15,145
191728001.SRDLC, 18.99%, 08/09/2025 (a)(j)	Lending Club		07/27/2022		6,759		6,822		6,676
191729184.SRDLC, 25.99%, 08/20/2025 (a)(j)	Lending Club		08/09/2022		3,894		3,931		3,853
191733593.SRDLC, 28.99%, 07/25/2025 (a)(j)(k)	Lending Club		07/27/2022		1,157		1,157		1,125
191736763.SRDLC, 19.99%, 07/25/2025 (a)(j)	Lending Club		07/27/2022		4,106		4,145		4,046
191739118.SRDLC, 30.99%, 07/25/2027 (a)(j)	Lending Club		07/27/2022		19,560		19,751		18,947

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

65

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
191740994.SRDLC, 15.99%, 07/25/2025 (a)(j)	Lending Club		07/27/2022	$	7,282	$	7,282	$	7,121
191742357.SRDLC, 16.49%, 07/25/2025 (a)(j)	Lending Club		07/27/2022		7,468		7,468		7,302
191744435.SRDLC, 25.74%, 07/29/2027 (a)(j)	Lending Club		08/02/2022		5,351		5,403		5,249
191748085.SRDLC, 18.99%, 07/27/2024 (a)(j)	Lending Club		07/29/2022		2,237		2,256		2,221
191750200.SRDLC, 20.99%, 08/24/2025 (a)(j)(k)	Lending Club		08/11/2022		4,920		4,969		1,912
191756145.SRDLC, 28.99%, 07/16/2025 (a)(j)	Lending Club		07/27/2022		1,407		1,407		1,367
191763720.SRDLC, 30.99%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		14,488		14,633		14,187
191766386.SRDLC, 19.99%, 07/25/2025 (a)(j)	Lending Club		07/27/2022		6,562		6,623		6,470
191767974.SRDLC, 30.99%, 07/26/2027 (a)(j)	Lending Club		07/28/2022		6,449		6,512		6,250
191768960.SRDLC, 10.04%, 07/22/2025 (a)(j)	Lending Club		07/26/2022		14,378		14,378		14,171
191769272.SRDLC, 9.79%, 07/22/2025 (a)(j)	Lending Club		07/26/2022		6,492		6,492		6,398
191772278.SRDLC, 15.99%, 07/25/2025 (a)(j)	Lending Club		07/27/2022		7,002		7,067		6,920
191779417.SRDLC, 21.49%, 07/26/2027 (a)(j)	Lending Club		07/28/2022		7,576		7,649		7,433
191784176.SRDLC, 24.99%, 07/25/2025 (a)(j)(k)	Lending Club		07/27/2022		19,235		19,415		18,854
191786026.SRDLC, 16.79%, 08/04/2027 (a)(j)	Lending Club		08/08/2022		39,134		39,134		38,545
191786546.SRDLC, 30.99%, 07/25/2027 (a)(j)	Lending Club		07/27/2022		5,868		5,925		5,684
191790363.SRDLC, 25.99%, 07/26/2025 (a)(j)	Lending Club		07/28/2022		4,526		4,568		4,435
191790657.SRDLC, 30.99%, 07/26/2025 (a)(j)(k)	Lending Club		07/28/2022		14,478		14,615		14,150
191793460.SRDLC, 24.99%, 07/25/2025 (a)(j)	Lending Club		07/27/2022		1,884		1,902		1,845
191794348.SRDLC, 30.99%, 08/05/2025 (a)(j)	Lending Club		08/09/2022		4,633		4,677		4,530
191797544.SRDLC, 26.99%, 07/26/2025 (a)(j)	Lending Club		07/28/2022		4,719		4,763		4,619
191803441.SRDLC, 30.99%, 07/27/2027 (a)(j)(k)	Lending Club		07/29/2022		5,913		5,971		5,734
191805466.SRDLC, 30.99%, 08/05/2027 (a)(j)	Lending Club		08/09/2022		9,659		9,659		9,470
191806535.SRDLC, 17.69%, 08/04/2025 (a)(j)	Lending Club		08/08/2022		11,486		11,486		11,299
191808811.SRDLC, 23.99%, 07/30/2027 (a)(j)	Lending Club		07/28/2022		9,759		9,759		9,553
191810287.SRDLC, 23.99%, 08/04/2025 (a)(j)	Lending Club		08/08/2022		9,227		9,227		9,009
191811199.SRDLC, 30.99%, 08/16/2027 (a)(j)	Lending Club		08/18/2022		14,783		14,928		14,456
191813026.SRDLC, 20.99%, 07/01/2027 (a)(j)(k)	Lending Club		07/29/2022		5,407		5,459		5,299
191814695.SRDLC, 29.49%, 08/03/2026 (a)(j)	Lending Club		08/05/2022		9,775		9,869		9,517
191816048.SRDLC, 26.49%, 08/09/2027 (a)(j)	Lending Club		07/27/2022		4,970		4,970		4,857
191819541.SRDLC, 27.49%, 08/03/2027 (a)(j)	Lending Club		08/05/2022		7,872		7,949		7,719
191822419.SRDLC, 30.99%, 07/27/2025 (a)(j)	Lending Club		07/29/2022		3,315		3,346		3,238
191826397.SRDLC, 27.99%, 08/05/2025 (a)(j)	Lending Club		08/09/2022		14,453		14,588		14,268
191831931.SRDLC, 22.49%, 08/05/2027 (a)(j)	Lending Club		07/29/2022		5,920		5,977		5,774
191836440.SRDLC, 16.49%, 08/11/2025 (a)(j)	Lending Club		08/10/2022		8,045		8,045		7,959
191837234.SRDLC, 29.99%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		4,823		4,869		4,763
191837686.SRDLC, 27.99%, 08/01/2025 (a)(j)	Lending Club		08/03/2022		4,818		4,863		4,721
191843340.SRDLC, 16.44%, 08/04/2024 (a)(j)(k)	Lending Club		08/08/2022		1,500		1,500		308
191845973.SRDLC, 19.99%, 07/16/2025 (a)(j)	Lending Club		07/29/2022		8,196		8,273		8,061
191847136.SRDLC, 16.49%, 07/25/2025 (a)(j)	Lending Club		07/27/2022		10,182		10,182		9,956
191849583.SRDLC, 13.19%, 08/01/2027 (a)(j)	Lending Club		07/27/2022		16,632		16,632		16,301
191852821.SRDLC, 9.79%, 08/09/2025 (a)(j)	Lending Club		08/11/2022		5,711		5,711		5,669
191857399.SRDLC, 19.99%, 08/23/2025 (a)(j)	Lending Club		08/25/2022		4,793		4,839		4,784
191860902.SRDLC, 30.99%, 07/28/2025 (a)(j)	Lending Club		08/01/2022		9,383		9,477		9,179
191871219.SRDLC, 30.99%, 08/10/2027 (a)(j)	Lending Club		08/03/2022		7,749		7,827		7,687
191881989.SRDLC, 25.49%, 07/28/2025 (a)(j)	Lending Club		08/01/2022		8,438		8,517		8,281
191887592.SRDLC, 27.49%, 07/10/2027 (a)(j)(k)	Lending Club		08/01/2022		12,792		12,916		12,436
191888552.SRDLC, 30.99%, 08/05/2027 (a)(j)	Lending Club		08/09/2022		8,878		8,965		8,713
191893067.SRDLC, 23.99%, 09/01/2025 (a)(j)	Lending Club		08/23/2022		4,944		4,944		4,873
191895522.SRDLC, 23.99%, 08/11/2027 (a)(j)	Lending Club		08/15/2022		34,380		34,380		33,527
191897480.SRDLC, 30.99%, 07/29/2025 (a)(j)	Lending Club		08/02/2022		11,366		11,473		11,163
191899630.SRDLC, 19.49%, 08/16/2025 (a)(j)	Lending Club		08/16/2022		14,408		14,545		14,396
191899754.SRDLC, 17.99%, 08/10/2025 (a)(j)	Lending Club		08/08/2022		7,683		7,756		7,682
191902199.SRDLC, 22.99%, 08/13/2027 (a)(j)	Lending Club		08/10/2022		24,626		24,626		24,175
191903636.SRDLC, 12.24%, 08/10/2025 (a)(j)	Lending Club		07/29/2022		23,111		23,111		22,735
191907225.SRDLC, 14.54%, 08/05/2025 (a)(j)	Lending Club		08/09/2022		19,102		19,281		19,046
191918035.SRDLC, 18.24%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		7,660		7,660		7,550

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

66

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
191920862.SRDLC, 30.99%, 08/01/2027 (a)(j)	Lending Club		08/03/2022	$	19,437	$	19,630	$	18,831
191920969.SRDLC, 30.49%, 07/29/2027 (a)(j)	Lending Club		08/02/2022		6,991		7,055		6,864
191921722.SRDLC, 30.99%, 07/29/2025 (a)(j)	Lending Club		08/02/2022		1,894		1,912		1,861
191921836.SRDLC, 28.99%, 08/11/2027 (a)(j)	Lending Club		08/15/2022		14,262		14,388		14,024
191926237.SRDLC, 20.24%, 08/09/2025 (a)(j)	Lending Club		08/11/2022		959		959		940
191935262.SRDLC, 23.99%, 08/03/2027 (a)(j)	Lending Club		08/05/2022		9,823		9,823		9,545
191959068.SRDLC, 26.74%, 08/15/2025 (a)(j)	Lending Club		08/03/2022		12,654		12,775		12,472
191960059.SRDLC, 26.49%, 08/15/2024 (a)(j)	Lending Club		08/03/2022		2,686		2,709		2,646
191965103.SRDLC, 15.99%, 08/01/2025 (a)(j)	Lending Club		08/03/2022		5,736		5,790		5,712
191968990.SRDLC, 17.74%, 08/01/2025 (a)(j)	Lending Club		08/03/2022		3,446		3,478		3,431
191969775.SRDLC, 29.49%, 08/03/2027 (a)(j)(k)	Lending Club		08/05/2022		17,866		17,866		7,178
191972578.SRDLC, 30.99%, 08/02/2027 (a)(j)	Lending Club		08/04/2022		7,096		7,165		6,884
191974346.SRDLC, 26.24%, 08/01/2025 (a)(j)	Lending Club		08/03/2022		3,850		3,886		3,782
191974355.SRDLC, 30.99%, 08/01/2027 (a)(j)	Lending Club		08/03/2022		5,913		5,971		5,733
191978351.SRDLC, 23.99%, 08/08/2027 (a)(j)	Lending Club		08/10/2022		9,283		9,283		9,036
191979431.SRDLC, 19.99%, 08/15/2025 (a)(j)	Lending Club		08/04/2022		9,657		9,748		9,652
191981138.SRDLC, 30.99%, 08/01/2027 (a)(j)	Lending Club		08/03/2022		14,783		14,927		14,334
191990878.SRDLC, 16.99%, 08/15/2027 (a)(j)	Lending Club		08/17/2022		26,419		26,419		26,070
191991602.SRDLC, 30.99%, 08/04/2025 (a)(j)	Lending Club		08/04/2022		4,054		4,092		3,957
191993696.SRDLC, 27.99%, 08/08/2027 (a)(j)	Lending Club		08/10/2022		23,621		23,621		22,985
191995315.SRDLC, 23.99%, 08/17/2027 (a)(j)	Lending Club		08/15/2022		9,862		9,862		9,717
191997758.SRDLC, 26.49%, 08/02/2027 (a)(j)	Lending Club		08/04/2022		24,588		24,827		24,214
192003946.SRDLC, 24.99%, 08/03/2025 (a)(j)(k)	Lending Club		08/05/2022		17,305		17,468		17,016
192010930.SRDLC, 30.99%, 08/08/2026 (a)(j)	Lending Club		08/10/2022		1,467		1,482		1,432
192020118.SRDLC, 30.99%, 08/23/2027 (a)(j)	Lending Club		08/25/2022		17,740		17,914		17,415
192023144.SRDLC, 23.99%, 08/15/2027 (a)(j)	Lending Club		08/11/2022		9,430		9,430		9,183
192024041.SRDLC, 24.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		6,925		6,986		6,916
192027703.SRDLC, 14.19%, 08/02/2027 (a)(j)	Lending Club		08/04/2022		6,251		6,251		6,176
192030771.SRDLC, 27.49%, 08/03/2027 (a)(j)	Lending Club		08/05/2022		5,904		5,961		5,789
192039955.SRDLC, 26.49%, 08/19/2025 (a)(j)	Lending Club		08/08/2022		7,012		7,012		6,895
192040896.SRDLC, 28.99%, 08/09/2025 (a)(j)	Lending Club		08/11/2022		11,569		11,679		11,379
192046955.SRDLC, 24.49%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		9,614		9,614		9,438
192047796.SRDLC, 30.99%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		23,653		23,653		23,117
192048455.SRDLC, 13.24%, 08/05/2025 (a)(j)	Lending Club		08/09/2022		1,384		1,384		1,367
192054809.SRDLC, 13.19%, 08/12/2027 (a)(j)	Lending Club		08/05/2022		13,248		13,248		13,136
192055314.SRDLC, 15.99%, 08/05/2025 (a)(j)	Lending Club		08/09/2022		6,511		6,511		6,412
192063068.SRDLC, 27.99%, 08/07/2025 (a)(j)	Lending Club		08/08/2022		2,318		2,340		2,291
192063849.SRDLC, 23.49%, 08/23/2027 (a)(j)	Lending Club		08/23/2022		19,584		19,584		19,156
192065862.SRDLC, 16.49%, 08/10/2027 (a)(j)	Lending Club		08/12/2022		3,913		3,913		3,857
192067979.SRDLC, 10.74%, 08/03/2025 (a)(j)	Lending Club		08/05/2022		1,714		1,714		1,701
192069607.SRDLC, 14.54%, 08/05/2025 (a)(j)	Lending Club		08/22/2022		7,313		7,382		7,310
192073469.SRDLC, 30.99%, 08/27/2027 (a)(j)	Lending Club		08/23/2022		19,852		20,048		19,641
192075255.SRDLC, 23.99%, 08/03/2027 (a)(j)	Lending Club		08/05/2022		10,216		10,216		9,927
192078630.SRDLC, 26.49%, 08/10/2026 (a)(j)	Lending Club		08/12/2022		4,879		4,926		4,812
192079366.SRDLC, 28.74%, 08/23/2027 (a)(j)	Lending Club		08/10/2022		11,908		12,025		11,883
192079662.SRDLC, 29.49%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		8,294		8,294		8,100
192081629.SRDLC, 14.19%, 08/10/2025 (a)(j)	Lending Club		08/08/2022		12,253		12,253		12,150
192088574.SRDLC, 14.19%, 08/15/2027 (a)(j)	Lending Club		08/08/2022		23,548		23,548		23,358
192091160.SRDLC, 30.99%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		5,791		5,847		5,712
192095084.SRDLC, 23.99%, 08/04/2027 (a)(j)	Lending Club		08/08/2022		12,770		12,770		12,421
192100639.SRDLC, 28.49%, 08/04/2026 (a)(j)	Lending Club		08/08/2022		4,885		4,932		4,800
192107400.SRDLC, 16.49%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		4,782		4,782		4,707
192107870.SRDLC, 23.99%, 08/04/2027 (a)(j)	Lending Club		08/08/2022		9,823		9,823		9,554
192107991.SRDLC, 12.99%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		7,632		7,632		7,551
192113123.SRDLC, 21.49%, 08/23/2027 (a)(j)	Lending Club		08/25/2022		6,867		6,934		6,843
192117523.SRDLC, 23.49%, 08/03/2025 (a)(j)	Lending Club		08/04/2022		3,461		3,461		3,398
192120626.SRDLC, 25.49%, 08/05/2027 (a)(j)	Lending Club		08/09/2022		5,308		5,360		5,239

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

67

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
192122475.SRDLC, 22.49%, 08/26/2027 (a)(j)	Lending Club		08/30/2022	$	5,889	$	5,889	$	5,775
192123907.SRDLC, 21.99%, 08/05/2025 (a)(j)	Lending Club		08/09/2022		8,639		8,721		8,553
192130656.SRDLC, 28.99%, 08/05/2024 (a)(j)	Lending Club		08/09/2022		2,342		2,363		2,309
192131702.SRDLC, 19.69%, 08/15/2027 (a)(j)	Lending Club		08/05/2022		14,800		14,800		14,578
192132332.SRDLC, 12.99%, 08/04/2025 (a)(j)	Lending Club		08/08/2022		1,908		1,908		1,885
192134408.SRDLC, 15.99%, 08/05/2025 (a)(j)	Lending Club		08/09/2022		1,721		1,721		1,694
192135953.SRDLC, 20.24%, 08/10/2025 (a)(j)	Lending Club		08/12/2022		4,794		4,794		4,700
192139310.SRDLC, 23.99%, 08/05/2027 (a)(j)	Lending Club		08/09/2022		14,734		14,734		14,337
192143591.SRDLC, 20.24%, 08/15/2027 (a)(j)	Lending Club		08/17/2022		21,567		21,567		21,168
192143725.SRDLC, 23.99%, 08/05/2027 (a)(j)	Lending Club		08/09/2022		1,935		1,935		1,884
192143904.SRDLC, 19.69%, 09/13/2025 (a)(j)	Lending Club		09/15/2022		9,598		9,505		9,480
192144590.SRDLC, 20.74%, 08/17/2027 (a)(j)	Lending Club		08/19/2022		17,651		17,823		17,561
192147934.SRDLC, 16.69%, 08/08/2027 (a)(j)	Lending Club		08/10/2022		24,457		24,457		24,100
192153817.SRDLC, 30.99%, 08/15/2025 (a)(j)	Lending Club		08/10/2022		2,317		2,339		2,276
192156519.SRDLC, 22.99%, 08/10/2027 (a)(j)	Lending Club		08/12/2022		19,635		19,635		19,131
192157437.SRDLC, 25.99%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		21,340		21,340		20,945
192165204.SRDLC, 12.99%, 08/12/2024 (a)(j)	Lending Club		08/16/2022		1,852		1,852		1,833
192165868.SRDLC, 30.99%, 08/08/2027 (a)(j)(k)	Lending Club		08/10/2022		11,792		11,903		11,476
192173279.SRDLC, 27.99%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		14,453		14,453		14,153
192183697.SRDLC, 22.99%, 08/19/2025 (a)(j)	Lending Club		08/10/2022		4,987		4,987		4,878
192185539.SRDLC, 30.99%, 08/05/2027 (a)(j)(k)	Lending Club		08/09/2022		4,849		4,849		4,713
192187274.SRDLC, 15.74%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		17,206		17,368		17,158
192192717.SRDLC, 10.99%, 08/10/2027 (a)(j)	Lending Club		08/12/2022		12,671		12,671		12,579
192193246.SRDLC, 16.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		2,392		2,414		2,385
192197858.SRDLC, 16.69%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		14,348		14,348		14,123
192198013.SRDLC, 30.99%, 08/10/2027 (a)(j)	Lending Club		08/12/2022		19,711		19,904		19,209
192198391.SRDLC, 28.99%, 08/22/2027 (a)(j)	Lending Club		08/24/2022		9,453		9,453		9,245
192200565.SRDLC, 24.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		14,426		14,563		14,214
192204988.SRDLC, 8.09%, 08/08/2027 (a)(j)	Lending Club		08/10/2022		11,673		11,673		11,614
192205187.SRDLC, 30.99%, 08/15/2027 (a)(j)	Lending Club		08/10/2022		7,934		8,012		7,793
192209553.SRDLC, 30.99%, 08/08/2027 (a)(j)	Lending Club		08/10/2022		6,899		6,966		6,716
192215236.SRDLC, 26.49%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		1,925		1,925		1,881
192215872.SRDLC, 26.24%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		6,545		6,607		6,466
192219742.SRDLC, 28.99%, 08/15/2027 (a)(j)	Lending Club		08/17/2022		10,831		10,831		10,566
192223354.SRDLC, 23.99%, 08/08/2027 (a)(j)	Lending Club		08/10/2022		39,291		39,291		38,249
192228291.SRDLC, 30.74%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		2,316		2,338		2,266
192229952.SRDLC, 18.99%, 08/10/2025 (a)(j)	Lending Club		08/12/2022		6,706		6,769		6,689
192235260.SRDLC, 23.99%, 08/08/2027 (a)(j)	Lending Club		08/10/2022		8,693		8,693		8,463
192237494.SRDLC, 20.49%, 08/10/2027 (a)(j)	Lending Club		08/12/2022		5,883		5,883		5,766
192238273.SRDLC, 30.99%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		3,475		3,509		3,461
192238825.SRDLC, 20.74%, 08/08/2027 (a)(j)	Lending Club		08/10/2022		18,950		18,950		18,563
192242182.SRDLC, 17.49%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		3,445		3,478		3,435
192244514.SRDLC, 18.69%, 08/26/2024 (a)(j)	Lending Club		08/30/2022		3,348		3,348		3,304
192247384.SRDLC, 24.49%, 08/08/2027 (a)(j)	Lending Club		08/10/2022		11,790		11,905		11,643
192249815.SRDLC, 28.99%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		6,749		6,749		6,625
192252812.SRDLC, 25.99%, 08/18/2025 (a)(j)	Lending Club		08/22/2022		24,059		24,059		23,605
192252952.SRDLC, 29.49%, 08/08/2027 (a)(j)	Lending Club		08/10/2022		5,909		5,909		5,749
192256223.SRDLC, 19.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		4,793		4,838		4,764
192261309.SRDLC, 19.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		8,628		8,709		8,575
192261726.SRDLC, 15.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		6,626		6,626		6,540
192264548.SRDLC, 19.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		2,397		2,419		2,382
192264740.SRDLC, 19.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		9,491		9,580		9,432
192266752.SRDLC, 16.49%, 08/08/2027 (a)(j)	Lending Club		08/10/2022		10,271		10,271		10,121
192269870.SRDLC, 30.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		965		974		944
192274785.SRDLC, 25.99%, 08/08/2026 (a)(j)	Lending Club		08/10/2022		4,878		4,925		4,808
192275572.SRDLC, 17.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		1,915		1,933		1,909
192276261.SRDLC, 19.44%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		19,166		19,166		18,782

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

68

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
192281994.SRDLC, 23.99%, 08/09/2027 (a)(j)	Lending Club		08/11/2022	$	982	$	982	$	957
192283274.SRDLC, 24.99%, 08/11/2025 (a)(j)	Lending Club		08/15/2022		4,039		4,078		3,988
192283329.SRDLC, 16.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		9,567		9,657		9,540
192289140.SRDLC, 27.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		4,818		4,863		4,737
192289776.SRDLC, 12.54%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		28,611		28,611		28,276
192292011.SRDLC, 28.99%, 08/08/2026 (a)(j)	Lending Club		08/10/2022		1,759		1,776		1,730
192292446.SRDLC, 23.99%, 08/09/2027 (a)(j)	Lending Club		08/11/2022		11,689		11,689		11,383
192292509.SRDLC, 18.49%, 08/09/2025 (a)(j)	Lending Club		08/11/2022		9,577		9,577		9,388
192292874.SRDLC, 17.99%, 08/12/2025 (a)(j)	Lending Club		08/16/2022		3,351		3,382		3,345
192294945.SRDLC, 20.99%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		7,650		7,724		7,634
192295500.SRDLC, 20.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		9,593		9,683		9,533
192296019.SRDLC, 30.99%, 08/02/2027 (a)(j)	Lending Club		08/17/2022		5,430		5,430		5,293
192297284.SRDLC, 19.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		2,636		2,661		2,620
192299352.SRDLC, 25.99%, 08/10/2025 (a)(j)	Lending Club		08/12/2022		4,812		4,812		4,705
192302596.SRDLC, 19.99%, 08/08/2025 (a)(j)	Lending Club		08/10/2022		1,917		1,935		1,905
192303177.SRDLC, 24.99%, 08/10/2025 (a)(j)	Lending Club		08/12/2022		3,847		3,883		3,794
192306426.SRDLC, 19.99%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		4,985		5,033		4,982
192308073.SRDLC, 18.74%, 08/08/2027 (a)(j)	Lending Club		08/10/2022		21,549		21,758		21,412
192319884.SRDLC, 12.69%, 08/09/2025 (a)(j)	Lending Club		08/11/2022		9,534		9,534		9,424
192322092.SRDLC, 10.79%, 08/09/2025 (a)(j)	Lending Club		08/11/2022		14,287		14,287		14,182
192324514.SRDLC, 23.99%, 08/03/2025 (a)(j)	Lending Club		08/15/2022		14,336		14,471		14,214
192328339.SRDLC, 30.99%, 09/20/2025 (a)(j)(k)	Lending Club		09/14/2022		5,200		5,250		5,198
192333305.SRDLC, 23.99%, 08/16/2027 (a)(j)	Lending Club		08/12/2022		14,795		14,795		14,534
192333734.SRDLC, 30.49%, 09/02/2027 (a)(j)	Lending Club		09/07/2022		12,906		13,033		12,670
192335280.SRDLC, 12.74%, 08/10/2025 (a)(j)	Lending Club		08/12/2022		22,892		22,892		22,631
192336857.SRDLC, 19.74%, 08/16/2025 (a)(j)	Lending Club		08/18/2022		14,377		14,377		14,122
192338100.SRDLC, 14.69%, 08/11/2027 (a)(j)	Lending Club		08/15/2022		11,725		11,725		11,602
192338257.SRDLC, 18.49%, 08/09/2025 (a)(j)	Lending Club		08/11/2022		23,942		24,168		23,876
192340092.SRDLC, 27.99%, 08/10/2025 (a)(j)	Lending Club		08/12/2022		7,486		7,486		7,323
192344065.SRDLC, 12.74%, 08/09/2025 (a)(j)	Lending Club		08/11/2022		1,908		1,908		1,886
192348010.SRDLC, 30.99%, 08/09/2027 (a)(j)(k)	Lending Club		08/11/2022		8,999		9,089		8,723
192350217.SRDLC, 13.99%, 08/15/2025 (a)(j)	Lending Club		08/11/2022		10,528		10,528		10,445
192356023.SRDLC, 23.99%, 08/11/2025 (a)(j)	Lending Club		08/15/2022		11,534		11,534		11,290
192356215.SRDLC, 8.09%, 08/25/2025 (a)(j)	Lending Club		08/11/2022		15,683		15,683		15,632
192359015.SRDLC, 13.99%, 08/10/2027 (a)(j)	Lending Club		08/12/2022		7,813		7,813		7,729
192359087.SRDLC, 30.99%, 08/10/2027 (a)(j)	Lending Club		08/12/2022		7,884		7,962		7,684
192359709.SRDLC, 30.99%, 08/10/2025 (a)(j)	Lending Club		08/12/2022		2,727		2,753		2,671
192367518.SRDLC, 13.39%, 08/11/2025 (a)(j)	Lending Club		08/15/2022		26,720		26,720		26,425
192370079.SRDLC, 30.49%, 08/20/2027 (a)(j)	Lending Club		08/12/2022		14,267		14,406		13,879
192373124.SRDLC, 30.99%, 08/30/2026 (a)(j)	Lending Club		09/01/2022		1,167		1,178		1,153
192373917.SRDLC, 25.49%, 09/01/2025 (a)(j)	Lending Club		08/24/2022		4,740		4,786		4,751
192379595.SRDLC, 13.99%, 08/15/2027 (a)(j)	Lending Club		08/17/2022		15,626		15,626		15,469
192385569.SRDLC, 24.99%, 08/11/2025 (a)(j)	Lending Club		08/15/2022		4,809		4,809		4,707
192388823.SRDLC, 22.24%, 08/11/2025 (a)(j)	Lending Club		08/15/2022		10,567		10,667		10,515
192388893.SRDLC, 29.49%, 08/18/2027 (a)(j)	Lending Club		08/16/2022		11,879		11,879		11,680
192390755.SRDLC, 10.54%, 08/26/2025 (a)(j)	Lending Club		08/15/2022		11,481		11,481		11,429
192398119.SRDLC, 8.59%, 08/23/2025 (a)(j)	Lending Club		08/25/2022		11,411		11,411		11,370
192400720.SRDLC, 22.99%, 08/14/2027 (a)(j)	Lending Club		08/16/2022		9,829		9,829		9,675
192404623.SRDLC, 23.99%, 08/26/2027 (a)(j)	Lending Club		08/22/2022		4,099		4,099		4,030
192407409.SRDLC, 10.29%, 08/03/2025 (a)(j)	Lending Club		08/16/2022		11,426		11,426		11,347
192409831.SRDLC, 23.49%, 08/11/2027 (a)(j)	Lending Club		08/15/2022		14,730		14,874		14,617
192410539.SRDLC, 30.99%, 08/11/2027 (a)(j)	Lending Club		08/15/2022		4,832		4,879		4,709
192413613.SRDLC, 20.99%, 08/11/2024 (a)(j)	Lending Club		08/15/2022		5,087		5,133		5,066
192416611.SRDLC, 10.79%, 08/12/2025 (a)(j)	Lending Club		08/16/2022		16,228		16,228		16,154
192420352.SRDLC, 16.69%, 08/12/2027 (a)(j)	Lending Club		08/16/2022		35,219		35,219		34,745
192422507.SRDLC, 11.84%, 08/24/2025 (a)(j)	Lending Club		08/26/2022		28,597		28,597		28,424
192427492.SRDLC, 17.89%, 08/12/2025 (a)(j)	Lending Club		08/16/2022		6,222		6,222		6,132

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

69

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
192427494.SRDLC, 23.99%, 08/15/2025 (a)(j)	Lending Club		08/17/2022	$	14,994	$	14,994	$	14,689
192428053.SRDLC, 23.99%, 08/15/2027 (a)(j)	Lending Club		08/17/2022		10,928		10,928		10,665
192428920.SRDLC, 16.24%, 08/18/2027 (a)(j)	Lending Club		08/22/2022		14,670		14,670		14,492
192431792.SRDLC, 21.49%, 08/15/2027 (a)(j)	Lending Club		08/17/2022		9,810		9,810		9,577
192435997.SRDLC, 10.29%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		6,284		6,284		6,249
192439827.SRDLC, 18.99%, 08/20/2025 (a)(j)	Lending Club		08/16/2022		5,774		5,774		5,705
192441361.SRDLC, 28.99%, 08/22/2027 (a)(j)	Lending Club		08/24/2022		11,816		11,816		11,556
192442933.SRDLC, 30.99%, 09/07/2025 (a)(j)	Lending Club		09/09/2022		4,423		4,466		4,351
192448747.SRDLC, 23.99%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		2,307		2,307		2,260
192450920.SRDLC, 25.49%, 08/12/2027 (a)(j)	Lending Club		08/16/2022		5,898		5,956		5,839
192451292.SRDLC, 13.69%, 08/27/2025 (a)(j)(k)	Lending Club		08/16/2022		3,543		3,543		3,519
192462667.SRDLC, 20.24%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		9,588		9,588		9,414
192464895.SRDLC, 28.49%, 08/12/2027 (a)(j)	Lending Club		08/16/2022		14,767		14,911		14,555
192465706.SRDLC, 19.74%, 08/12/2025 (a)(j)	Lending Club		08/16/2022		3,834		3,870		3,817
192468264.SRDLC, 28.99%, 08/12/2024 (a)(j)	Lending Club		08/16/2022		937		945		927
192468743.SRDLC, 10.79%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		3,810		3,810		3,784
192470047.SRDLC, 32.39%, 09/01/2027 (a)(j)(k)	Lending Club		08/23/2022		20,000		20,000		19,689
192474798.SRDLC, 18.24%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		5,745		5,745		5,642
192479865.SRDLC, 23.74%, 08/17/2025 (a)(j)	Lending Club		08/19/2022		9,610		9,610		9,421
192481710.SRDLC, 14.69%, 08/15/2027 (a)(j)	Lending Club		08/17/2022		27,358		27,358		27,081
192483374.SRDLC, 17.49%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		12,442		12,442		12,264
192486061.SRDLC, 10.49%, 08/12/2026 (a)(j)	Lending Club		08/16/2022		17,943		17,943		17,826
192486732.SRDLC, 10.74%, 09/28/2025 (a)(j)	Lending Club		08/16/2022		10,165		10,165		10,107
192496351.SRDLC, 30.99%, 08/26/2025 (a)(j)(k)	Lending Club		08/30/2022		14,000		14,140		13,898
192506958.SRDLC, 18.19%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		3,830		3,830		3,767
192511932.SRDLC, 18.24%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		782		782		771
192512046.SRDLC, 24.99%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		3,931		3,931		3,889
192512188.SRDLC, 25.99%, 08/16/2027 (a)(j)	Lending Club		08/18/2022		4,720		4,720		4,607
192514171.SRDLC, 7.59%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		5,226		5,226		5,206
192516798.SRDLC, 25.99%, 08/17/2027 (a)(j)	Lending Club		08/19/2022		10,744		10,744		10,489
192518141.SRDLC, 16.24%, 08/04/2025 (a)(j)(k)	Lending Club		08/17/2022		9,514		9,514		9,379
192520209.SRDLC, 28.99%, 08/17/2024 (a)(j)	Lending Club		08/19/2022		1,402		1,415		1,389
192521291.SRDLC, 24.44%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		4,807		4,807		4,709
192526019.SRDLC, 28.49%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		6,399		6,399		6,256
192526453.SRDLC, 19.99%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		906		906		909
192533157.SRDLC, 16.74%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		7,174		7,242		7,164
192539008.SRDLC, 8.84%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		27,582		27,582		27,472
192540719.SRDLC, 10.54%, 08/19/2025 (a)(j)	Lending Club		08/17/2022		12,205		12,205		12,151
192541375.SRDLC, 17.69%, 08/07/2025 (a)(j)	Lending Club		08/17/2022		4,766		4,766		4,697
192544068.SRDLC, 25.49%, 08/17/2027 (a)(j)	Lending Club		08/19/2022		4,915		4,963		4,872
192545623.SRDLC, 25.74%, 08/17/2027 (a)(j)	Lending Club		08/19/2022		10,815		10,815		10,561
192552195.SRDLC, 26.49%, 08/16/2027 (a)(j)	Lending Club		08/18/2022		4,918		4,918		4,800
192555420.SRDLC, 26.99%, 08/15/2024 (a)(j)	Lending Club		08/17/2022		2,807		2,832		2,779
192557901.SRDLC, 11.29%, 08/16/2025 (a)(j)	Lending Club		08/18/2022		8,194		8,194		8,139
192557988.SRDLC, 17.99%, 08/15/2025 (a)(j)	Lending Club		08/17/2022		13,394		13,521		13,374
192559734.SRDLC, 9.09%, 08/16/2025 (a)(j)	Lending Club		08/18/2022		11,415		11,415		11,340
192560534.SRDLC, 32.39%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		10,847		10,847		10,600
192560879.SRDLC, 19.69%, 08/16/2025 (a)(j)	Lending Club		08/18/2022		5,751		5,751		5,648
192561494.SRDLC, 15.19%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		3,344		3,312		3,324
192565665.SRDLC, 28.99%, 08/22/2027 (a)(j)	Lending Club		08/24/2022		14,770		14,770		14,445
192568285.SRDLC, 32.39%, 08/15/2027 (a)(j)	Lending Club		08/17/2022		16,764		16,928		16,380
192568630.SRDLC, 20.99%, 08/16/2025 (a)(j)	Lending Club		08/18/2022		11,511		11,621		11,465
192569769.SRDLC, 22.74%, 08/16/2027 (a)(j)	Lending Club		08/18/2022		19,240		19,240		18,787
192570177.SRDLC, 19.99%, 08/16/2025 (a)(j)	Lending Club		08/18/2022		3,835		3,871		3,820
192575011.SRDLC, 30.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		6,757		6,816		6,726
192578311.SRDLC, 26.99%, 08/16/2025 (a)(j)	Lending Club		08/18/2022		4,815		4,861		4,753
192578477.SRDLC, 19.49%, 08/16/2025 (a)(j)	Lending Club		08/18/2022		6,708		6,772		6,682

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

70

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
192579359.SRDLC, 32.39%, 08/08/2027 (a)(j)	Lending Club		08/18/2022	$	9,586	$	9,680	$	9,349
192582047.SRDLC, 15.74%, 08/17/2025 (a)(j)	Lending Club		08/19/2022		10,706		10,706		10,560
192584646.SRDLC, 22.99%, 08/29/2025 (a)(j)(k)	Lending Club		08/18/2022		11,765		11,877		11,732
192585807.SRDLC, 25.99%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		6,736		6,736		6,612
192588957.SRDLC, 32.39%, 08/30/2027 (a)(j)	Lending Club		08/22/2022		19,942		20,142		19,564
192590272.SRDLC, 22.49%, 08/18/2027 (a)(j)	Lending Club		08/22/2022		9,423		9,423		9,214
192590629.SRDLC, 30.99%, 09/02/2025 (a)(j)	Lending Club		08/23/2022		3,378		3,411		3,295
192593103.SRDLC, 28.99%, 08/19/2025 (a)(j)	Lending Club		08/18/2022		3,327		3,359		3,282
192595259.SRDLC, 18.49%, 08/16/2025 (a)(j)	Lending Club		08/18/2022		3,831		3,867		3,826
192596654.SRDLC, 6.79%, 08/16/2025 (a)(j)	Lending Club		08/18/2022		17,093		17,093		17,029
192601175.SRDLC, 28.49%, 08/16/2025 (a)(j)	Lending Club		08/18/2022		4,819		4,865		4,756
192603694.SRDLC, 11.29%, 08/25/2025 (a)(j)	Lending Club		08/29/2022		9,428		9,428		9,375
192604561.SRDLC, 23.99%, 08/17/2025 (a)(j)(k)	Lending Club		08/19/2022		4,287		4,287		4,209
192605471.SRDLC, 10.79%, 08/18/2025 (a)(j)(k)	Lending Club		08/22/2022		3,708		3,708		3,685
192605521.SRDLC, 25.99%, 08/21/2025 (a)(j)	Lending Club		08/18/2022		8,886		8,972		8,759
192606607.SRDLC, 18.94%, 08/18/2025 (a)(j)	Lending Club		08/22/2022		9,580		9,580		9,420
192607073.SRDLC, 29.99%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		8,866		8,866		8,666
192608111.SRDLC, 23.49%, 08/17/2027 (a)(j)	Lending Club		08/19/2022		7,856		7,933		7,808
192608673.SRDLC, 30.99%, 08/17/2025 (a)(j)	Lending Club		08/19/2022		4,826		4,872		4,746
192609947.SRDLC, 25.99%, 08/31/2025 (a)(j)	Lending Club		08/25/2022		8,133		8,133		7,970
192610948.SRDLC, 23.49%, 08/24/2025 (a)(j)	Lending Club		08/26/2022		9,128		9,215		9,089
192612289.SRDLC, 30.99%, 08/22/2027 (a)(j)	Lending Club		08/24/2022		5,913		5,971		5,802
192613924.SRDLC, 19.94%, 08/18/2027 (a)(j)	Lending Club		08/22/2022		25,484		25,484		25,045
192614412.SRDLC, 25.99%, 08/17/2025 (a)(j)	Lending Club		08/19/2022		23,096		23,316		22,837
192615132.SRDLC, 22.99%, 08/17/2025 (a)(j)	Lending Club		08/19/2022		8,165		8,242		8,110
192620926.SRDLC, 25.99%, 08/17/2025 (a)(j)	Lending Club		08/19/2022		1,444		1,457		1,427
192622579.SRDLC, 16.49%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		23,696		23,696		23,412
192624533.SRDLC, 24.74%, 08/18/2025 (a)(j)	Lending Club		08/22/2022		5,770		5,770		5,661
192625413.SRDLC, 21.19%, 08/18/2027 (a)(j)	Lending Club		08/22/2022		30,406		30,406		29,736
192629073.SRDLC, 32.39%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		14,792		14,937		14,503
192631895.SRDLC, 19.99%, 08/17/2025 (a)(j)	Lending Club		08/19/2022		9,587		9,678		9,552
192634375.SRDLC, 13.99%, 08/17/2025 (a)(j)	Lending Club		08/19/2022		38,188		38,188		37,789
192637025.SRDLC, 30.99%, 08/18/2025 (a)(j)	Lending Club		08/22/2022		3,475		3,508		3,423
192639185.SRDLC, 25.99%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		11,324		11,324		11,072
192640791.SRDLC, 30.99%, 08/18/2025 (a)(j)	Lending Club		08/22/2022		1,930		1,949		1,902
192642788.SRDLC, 30.99%, 08/25/2027 (a)(j)	Lending Club		08/29/2022		5,929		5,987		5,883
192642800.SRDLC, 30.99%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		4,573		4,616		4,493
192645606.SRDLC, 16.19%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		9,562		9,562		9,438
192646300.SRDLC, 30.99%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		4,898		4,945		4,848
192654942.SRDLC, 28.99%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		11,816		11,816		11,551
192655658.SRDLC, 24.49%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		7,692		7,692		7,550
192655928.SRDLC, 24.99%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		7,076		7,076		6,938
192657341.SRDLC, 28.99%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		11,816		11,816		11,551
192659696.SRDLC, 23.99%, 08/16/2025 (a)(j)	Lending Club		08/23/2022		2,980		2,980		2,925
192662250.SRDLC, 29.49%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		24,109		24,109		23,655
192662590.SRDLC, 26.49%, 08/04/2025 (a)(j)	Lending Club		08/23/2022		9,133		9,133		8,958
192665917.SRDLC, 28.99%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		10,044		10,044		9,818
192666442.SRDLC, 20.49%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		11,765		11,765		11,587
192668831.SRDLC, 22.49%, 08/23/2027 (a)(j)	Lending Club		08/25/2022		21,593		21,593		21,139
192668976.SRDLC, 22.49%, 08/22/2027 (a)(j)	Lending Club		08/24/2022		4,908		4,908		4,803
192670626.SRDLC, 23.99%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		3,845		3,845		3,774
192671256.SRDLC, 32.39%, 08/13/2027 (a)(j)	Lending Club		08/23/2022		19,612		19,612		19,160
192681682.SRDLC, 29.49%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		19,287		19,287		18,924
192682285.SRDLC, 15.99%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		9,561		9,561		9,437
192691357.SRDLC, 16.49%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		9,564		9,564		9,440
192691765.SRDLC, 30.99%, 08/28/2025 (a)(j)	Lending Club		08/23/2022		2,432		2,455		2,407
192694158.SRDLC, 25.99%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		5,774		5,774		5,667

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

71

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
192694190.SRDLC, 21.99%, 08/19/2027 (a)(j)	Lending Club		08/23/2022	$	6,869	$	6,936	$	6,837
192698444.SRDLC, 11.29%, 09/01/2025 (a)(j)(k)	Lending Club		09/06/2022		17,178		17,014		17,089
192702036.SRDLC, 26.49%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		11,802		11,802		11,540
192704436.SRDLC, 16.94%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		21,526		21,526		21,297
192707631.SRDLC, 30.99%, 08/24/2025 (a)(j)	Lending Club		08/26/2022		9,652		9,745		9,530
192708355.SRDLC, 32.39%, 08/19/2027 (a)(j)	Lending Club		08/23/2022		18,722		18,904		18,344
192713407.SRDLC, 18.99%, 08/19/2025 (a)(j)	Lending Club		08/23/2022		2,874		2,901		2,873
192726339.SRDLC, 24.49%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		2,884		2,884		2,833
192743045.SRDLC, 21.99%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		467		472		466
192743620.SRDLC, 17.24%, 08/23/2025 (a)(j)	Lending Club		08/25/2022		3,828		3,864		3,828
192746030.SRDLC, 25.49%, 09/12/2027 (a)(j)	Lending Club		09/14/2022		26,735		26,471		26,293
192747854.SRDLC, 32.39%, 08/24/2027 (a)(j)	Lending Club		08/26/2022		5,670		5,726		5,569
192749125.SRDLC, 32.39%, 08/22/2027 (a)(j)	Lending Club		08/24/2022		12,006		12,006		11,738
192753365.SRDLC, 30.99%, 08/22/2027 (a)(j)	Lending Club		08/24/2022		11,826		11,942		11,610
192758531.SRDLC, 20.49%, 09/16/2024 (a)(j)	Lending Club		09/20/2022		13,910		14,042		13,928
192759832.SRDLC, 22.99%, 08/22/2027 (a)(j)	Lending Club		08/24/2022		23,563		23,563		23,058
192763465.SRDLC, 25.99%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		24,059		24,288		23,837
192766943.SRDLC, 22.99%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		17,672		17,834		17,704
192771675.SRDLC, 25.99%, 08/22/2027 (a)(j)	Lending Club		08/24/2022		16,716		16,716		16,353
192775167.SRDLC, 26.99%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		2,889		2,916		2,860
192776232.SRDLC, 29.99%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		5,788		5,843		5,709
192776777.SRDLC, 30.74%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		2,895		2,924		2,884
192777570.SRDLC, 26.99%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		7,270		7,339		7,204
192780614.SRDLC, 23.99%, 08/22/2027 (a)(j)	Lending Club		08/24/2022		4,911		4,959		4,890
192782972.SRDLC, 15.44%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		2,389		2,389		2,359
192784709.SRDLC, 11.99%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		9,533		9,533		9,474
192789922.SRDLC, 25.99%, 09/06/2027 (a)(j)	Lending Club		09/08/2022		12,892		12,765		12,652
192792740.SRDLC, 30.99%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		11,583		11,696		11,537
192796294.SRDLC, 9.09%, 09/01/2025 (a)(j)	Lending Club		09/06/2022		8,782		8,698		8,735
192796437.SRDLC, 22.49%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		4,801		4,847		4,778
192797845.SRDLC, 30.99%, 08/10/2025 (a)(j)	Lending Club		08/26/2022		6,757		6,821		6,671
192800194.SRDLC, 20.99%, 08/23/2025 (a)(j)	Lending Club		08/25/2022		6,715		6,779		6,701
192807692.SRDLC, 26.74%, 08/25/2025 (a)(j)	Lending Club		08/24/2022		11,581		11,692		11,517
192809365.SRDLC, 23.99%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		24,029		24,029		23,599
192809620.SRDLC, 27.99%, 08/22/2025 (a)(j)(k)	Lending Club		08/24/2022		2,946		2,974		2,920
192810627.SRDLC, 19.94%, 08/23/2025 (a)(j)	Lending Club		08/25/2022		5,752		5,752		5,661
192814693.SRDLC, 30.99%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		1,347		1,359		1,323
192815018.SRDLC, 20.99%, 08/25/2025 (a)(j)	Lending Club		08/29/2022		5,756		5,811		5,750
192817165.SRDLC, 30.99%, 08/22/2027 (a)(j)(k)	Lending Club		08/24/2022		11,914		12,031		11,695
192817671.SRDLC, 22.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		4,803		4,846		4,810
192817846.SRDLC, 25.99%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		4,042		4,080		4,005
192821713.SRDLC, 29.49%, 08/22/2027 (a)(j)	Lending Club		08/24/2022		3,940		3,940		3,853
192822780.SRDLC, 22.49%, 08/22/2025 (a)(j)	Lending Club		08/24/2022		24,006		24,235		23,889
192824567.SRDLC, 19.74%, 08/23/2025 (a)(j)	Lending Club		08/25/2022		3,067		3,096		3,072
192826738.SRDLC, 28.99%, 08/23/2025 (a)(j)	Lending Club		08/25/2022		1,446		1,460		1,432
192832835.SRDLC, 30.99%, 09/04/2027 (a)(j)(k)	Lending Club		08/25/2022		12,000		12,120		11,859
192835380.SRDLC, 22.99%, 08/23/2025 (a)(j)	Lending Club		08/25/2022		6,243		6,303		6,215
192836364.SRDLC, 20.49%, 08/25/2025 (a)(j)	Lending Club		08/29/2022		2,302		2,324		2,299
192842278.SRDLC, 29.49%, 08/24/2025 (a)(j)	Lending Club		08/26/2022		13,067		13,067		12,836
192845820.SRDLC, 18.49%, 08/25/2025 (a)(j)	Lending Club		08/29/2022		5,746		5,746		5,662
192846539.SRDLC, 26.49%, 08/23/2025 (a)(j)	Lending Club		08/25/2022		1,733		1,733		1,702
192846667.SRDLC, 32.39%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		4,931		4,979		4,853
192847951.SRDLC, 26.99%, 08/24/2025 (a)(j)	Lending Club		08/26/2022		4,815		4,861		4,771
192855200.SRDLC, 28.99%, 08/23/2027 (a)(j)	Lending Club		08/25/2022		4,136		4,136		4,046
192855485.SRDLC, 30.99%, 08/24/2025 (a)(j)	Lending Club		08/26/2022		11,583		11,694		11,436
192855597.SRDLC, 19.99%, 08/25/2027 (a)(j)	Lending Club		08/29/2022		5,881		5,939		5,868
192861177.SRDLC, 26.49%, 08/23/2027 (a)(j)	Lending Club		08/25/2022		4,721		4,721		4,620

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

72

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
192863062.SRDLC, 30.99%, 08/25/2025 (a)(j)	Lending Club		08/29/2022	$	9,652	$	9,745	$	9,547
192864288.SRDLC, 20.99%, 08/25/2025 (a)(j)	Lending Club		08/29/2022		3,453		3,486		3,450
192867016.SRDLC, 15.19%, 08/25/2027 (a)(j)	Lending Club		08/29/2022		6,451		6,451		6,382
192869569.SRDLC, 11.29%, 08/24/2025 (a)(j)	Lending Club		08/26/2022		14,293		14,293		14,207
192869827.SRDLC, 26.74%, 08/25/2025 (a)(j)	Lending Club		08/29/2022		20,851		21,052		20,793
192873403.SRDLC, 25.24%, 08/30/2027 (a)(j)	Lending Club		08/30/2022		34,502		34,502		34,140
192876219.SRDLC, 30.99%, 08/31/2025 (a)(j)	Lending Club		09/02/2022		5,786		5,843		5,767
192876433.SRDLC, 23.99%, 08/30/2027 (a)(j)	Lending Club		09/01/2022		39,291		38,910		38,882
192876522.SRDLC, 32.39%, 08/25/2027 (a)(j)	Lending Club		08/29/2022		7,889		7,966		7,761
192876723.SRDLC, 24.99%, 08/24/2025 (a)(j)	Lending Club		08/26/2022		3,847		3,847		3,781
192879657.SRDLC, 15.94%, 08/24/2027 (a)(j)	Lending Club		08/26/2022		16,105		16,105		15,922
192881890.SRDLC, 27.24%, 08/25/2025 (a)(j)	Lending Club		08/29/2022		2,311		2,334		2,293
192884522.SRDLC, 11.29%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		25,727		25,727		25,582
192885568.SRDLC, 26.99%, 08/25/2025 (a)(j)(k)	Lending Club		08/29/2022		2,454		2,478		2,438
192886017.SRDLC, 30.99%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		2,896		2,923		2,866
192886814.SRDLC, 22.99%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		7,684		7,758		7,663
192888380.SRDLC, 25.49%, 08/25/2025 (a)(j)	Lending Club		08/29/2022		4,810		4,856		4,776
192889105.SRDLC, 32.39%, 08/31/2027 (a)(j)	Lending Club		09/02/2022		6,884		6,951		6,789
192890459.SRDLC, 30.99%, 08/21/2025 (a)(j)	Lending Club		08/29/2022		7,680		7,753		7,594
192890531.SRDLC, 32.39%, 08/24/2027 (a)(j)	Lending Club		08/26/2022		7,494		7,494		7,332
192891554.SRDLC, 20.24%, 08/24/2025 (a)(j)	Lending Club		08/26/2022		4,802		4,802		4,757
192892859.SRDLC, 25.99%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		6,736		6,800		6,691
192894802.SRDLC, 23.24%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		3,843		3,880		3,832
192894830.SRDLC, 30.99%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		7,884		7,962		7,762
192895571.SRDLC, 19.99%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		2,876		2,903		2,874
192896950.SRDLC, 12.24%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		12,205		12,205		12,099
192896989.SRDLC, 25.99%, 08/25/2025 (a)(j)(k)	Lending Club		08/29/2022		1,963		1,963		1,930
192899816.SRDLC, 20.74%, 08/25/2025 (a)(j)	Lending Club		08/29/2022		4,028		4,028		3,969
192902229.SRDLC, 15.19%, 08/25/2027 (a)(j)	Lending Club		08/29/2022		14,661		14,661		14,504
192902759.SRDLC, 21.99%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		6,182		6,242		6,170
192908003.SRDLC, 20.99%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		6,622		6,622		6,524
192912950.SRDLC, 21.74%, 08/26/2026 (a)(j)	Lending Club		08/30/2022		38,931		38,931		38,282
192913549.SRDLC, 22.49%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		15,704		15,704		15,401
192917763.SRDLC, 12.24%, 09/07/2025 (a)(j)	Lending Club		08/30/2022		9,806		9,806		9,753
192920638.SRDLC, 20.49%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		7,672		7,741		7,701
192921440.SRDLC, 15.69%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		6,340		6,340		6,273
192921563.SRDLC, 32.39%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		13,042		13,160		12,951
192923851.SRDLC, 20.99%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		2,878		2,905		2,876
192924727.SRDLC, 25.24%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		10,812		10,812		10,601
192925407.SRDLC, 19.19%, 08/27/2025 (a)(j)	Lending Club		08/30/2022		8,626		8,626		8,557
192930139.SRDLC, 25.24%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		22,582		22,582		22,141
192931533.SRDLC, 22.74%, 08/22/2027 (a)(j)	Lending Club		08/30/2022		9,791		9,791		9,600
192932397.SRDLC, 20.74%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		18,827		18,827		18,542
192932635.SRDLC, 25.49%, 08/29/2026 (a)(j)	Lending Club		08/31/2022		11,778		11,778		11,665
192933007.SRDLC, 15.19%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		27,367		27,367		27,080
192934351.SRDLC, 30.99%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		5,791		5,847		5,731
192934415.SRDLC, 14.49%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		20,056		20,056		19,879
192935971.SRDLC, 13.19%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		19,523		19,523		19,366
192947298.SRDLC, 20.49%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		3,452		3,452		3,402
192949103.SRDLC, 24.99%, 08/30/2025 (a)(j)(k)	Lending Club		09/01/2022		1,962		1,981		1,954
192949362.SRDLC, 20.74%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		9,591		9,684		9,631
192950568.SRDLC, 26.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		8,087		8,159		8,076
192951569.SRDLC, 22.99%, 08/31/2025 (a)(j)	Lending Club		09/02/2022		4,799		4,846		4,810
192952237.SRDLC, 24.24%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		17,683		17,683		17,339
192954346.SRDLC, 17.49%, 08/26/2025 (a)(j)	Lending Club		08/30/2022		4,715		4,715		4,660
192954423.SRDLC, 30.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		3,861		3,895		3,843
192954826.SRDLC, 15.19%, 08/26/2027 (a)(j)	Lending Club		08/30/2022		15,638		15,638		15,474

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

73

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
192955270.SRDLC, 25.99%, 08/26/2027 (a)(j)	Lending Club		08/30/2022	$	15,732	$	15,732	$	15,424
192955657.SRDLC, 25.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		9,622		9,708		9,609
192956476.SRDLC, 25.74%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		12,781		12,898		12,784
192956853.SRDLC, 16.49%, 08/15/2025 (a)(j)	Lending Club		09/01/2022		8,206		8,285		8,219
192960228.SRDLC, 15.99%, 09/01/2025 (a)(j)	Lending Club		08/30/2022		12,549		12,549		12,455
192964543.SRDLC, 32.39%, 09/14/2027 (a)(j)(k)	Lending Club		08/31/2022		14,400		14,526		14,414
192966506.SRDLC, 30.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		9,652		9,737		9,609
192974045.SRDLC, 20.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		6,715		6,776		6,741
192978951.SRDLC, 31.49%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		10,350		10,443		10,290
192979492.SRDLC, 16.69%, 08/29/2026 (a)(j)	Lending Club		08/31/2022		26,147		26,147		25,977
192979855.SRDLC, 26.99%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		963		972		962
192982092.SRDLC, 22.24%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		8,342		8,342		8,253
192987262.SRDLC, 30.99%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		1,904		1,923		1,886
192989933.SRDLC, 14.94%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		20,522		20,522		20,428
192989998.SRDLC, 30.99%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		5,791		5,848		5,769
192990369.SRDLC, 30.99%, 08/31/2025 (a)(j)	Lending Club		09/02/2022		8,679		8,764		8,650
192991046.SRDLC, 29.99%, 09/01/2025 (a)(j)	Lending Club		09/02/2022		24,564		24,801		24,069
192995083.SRDLC, 32.39%, 08/31/2027 (a)(j)	Lending Club		09/02/2022		11,822		11,940		11,766
192996701.SRDLC, 30.74%, 09/01/2025 (a)(j)	Lending Club		09/06/2022		8,845		8,930		8,685
193000989.SRDLC, 20.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		2,302		2,302		2,283
193001021.SRDLC, 25.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		1,732		1,748		1,730
193001323.SRDLC, 19.69%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		9,585		9,585		9,507
193002155.SRDLC, 28.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		5,785		5,836		5,777
193005732.SRDLC, 23.99%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		14,734		14,734		14,575
193006752.SRDLC, 22.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		9,605		9,692		9,620
193007274.SRDLC, 28.74%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		7,230		7,294		7,220
193008719.SRDLC, 25.49%, 08/30/2027 (a)(j)	Lending Club		09/01/2022		12,779		12,655		12,645
193008800.SRDLC, 15.99%, 09/23/2025 (a)(j)	Lending Club		09/27/2022		3,130		3,100		3,108
193010229.SRDLC, 24.49%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		19,651		19,651		19,438
193011037.SRDLC, 15.74%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		8,125		8,048		8,075
193013525.SRDLC, 31.89%, 08/29/2026 (a)(j)	Lending Club		08/31/2022		4,697		4,739		4,674
193015947.SRDLC, 23.74%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		5,766		5,822		5,776
193016420.SRDLC, 24.69%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		14,740		14,740		14,580
193016442.SRDLC, 24.49%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		6,922		6,984		6,915
193018530.SRDLC, 22.24%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		4,320		4,320		4,282
193019713.SRDLC, 23.49%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		11,530		11,530		11,426
193020910.SRDLC, 13.44%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		7,635		7,635		7,597
193025123.SRDLC, 18.74%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		9,578		9,665		9,625
193043411.SRDLC, 25.19%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		4,914		4,914		4,861
193043888.SRDLC, 18.49%, 09/27/2025 (a)(j)	Lending Club		09/29/2022		4,895		4,847		4,855
193045278.SRDLC, 10.79%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		9,234		9,234		9,188
193048715.SRDLC, 18.49%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		22,985		23,193		23,096
193049189.SRDLC, 25.49%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		7,205		7,272		7,161
193051392.SRDLC, 24.99%, 09/16/2027 (a)(j)	Lending Club		09/20/2022		20,077		19,879		19,789
193051775.SRDLC, 24.49%, 09/08/2027 (a)(j)	Lending Club		09/12/2022		5,304		5,251		5,212
193063140.SRDLC, 14.44%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		10,505		10,505		10,453
193067174.SRDLC, 10.79%, 09/03/2025 (a)(j)	Lending Club		08/31/2022		32,259		32,259		32,151
193070371.SRDLC, 30.99%, 09/14/2027 (a)(j)	Lending Club		09/16/2022		5,461		5,515		5,387
193075296.SRDLC, 30.99%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		11,826		11,933		11,758
193075353.SRDLC, 26.49%, 08/31/2027 (a)(j)	Lending Club		09/02/2022		7,862		7,940		7,871
193079923.SRDLC, 20.99%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		1,439		1,453		1,445
193081235.SRDLC, 16.19%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		11,736		11,736		11,661
193081260.SRDLC, 24.74%, 08/29/2027 (a)(j)	Lending Club		08/31/2022		18,670		18,841		18,676
193081267.SRDLC, 30.99%, 08/29/2025 (a)(j)	Lending Club		08/31/2022		2,896		2,921		2,883
193082133.SRDLC, 15.99%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		6,119		6,061		6,081
193085767.SRDLC, 27.74%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		9,826		9,922		9,819
193085811.SRDLC, 22.49%, 08/31/2027 (a)(j)	Lending Club		09/02/2022		6,866		6,799		6,798

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

74

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
193088858.SRDLC, 28.99%, 08/30/2027 (a)(j)	Lending Club		09/01/2022	$	10,831	$	10,939	$	10,848
193089979.SRDLC, 23.49%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		8,984		9,071		9,000
193104978.SRDLC, 20.99%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		3,453		3,487		3,468
193105479.SRDLC, 22.24%, 08/31/2027 (a)(j)	Lending Club		09/02/2022		26,480		26,223		26,219
193106592.SRDLC, 24.49%, 09/29/2027 (a)(j)	Lending Club		09/06/2022		8,144		8,063		7,989
193107288.SRDLC, 23.99%, 08/31/2027 (a)(j)	Lending Club		09/02/2022		24,540		24,301		24,295
193109985.SRDLC, 32.39%, 09/06/2027 (a)(j)	Lending Club		09/08/2022		5,363		5,416		5,267
193110078.SRDLC, 20.99%, 08/31/2025 (a)(j)	Lending Club		09/02/2022		1,917		1,936		1,926
193110115.SRDLC, 20.99%, 09/07/2025 (a)(j)	Lending Club		09/09/2022		2,939		2,968		2,934
193110233.SRDLC, 25.99%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		10,008		10,106		10,000
193110450.SRDLC, 32.39%, 08/30/2027 (a)(j)	Lending Club		09/01/2022		5,917		5,976		5,885
193110528.SRDLC, 26.49%, 08/31/2027 (a)(j)	Lending Club		09/02/2022		9,828		9,925		9,838
193110550.SRDLC, 22.99%, 08/30/2025 (a)(j)	Lending Club		09/01/2022		9,605		9,698		9,623
193120148.SRDLC, 28.99%, 08/31/2027 (a)(j)	Lending Club		09/02/2022		19,677		19,873		19,717
193124504.SRDLC, 27.24%, 08/31/2025 (a)(j)	Lending Club		09/02/2022		962		972		962
193125411.SRDLC, 21.49%, 08/31/2025 (a)(j)	Lending Club		09/02/2022		4,795		4,841		4,816
193127470.SRDLC, 30.99%, 09/08/2025 (a)(j)	Lending Club		09/12/2022		7,863		7,939		7,748
193131853.SRDLC, 26.74%, 08/31/2025 (a)(j)	Lending Club		09/02/2022		5,772		5,828		5,771
193132810.SRDLC, 24.49%, 08/31/2027 (a)(j)	Lending Club		09/02/2022		9,425		9,518		9,436
193133751.SRDLC, 30.99%, 08/31/2025 (a)(j)	Lending Club		09/02/2022		964		974		961
193133835.SRDLC, 18.49%, 09/01/2025 (a)(j)	Lending Club		09/06/2022		9,790		9,696		9,644
193136922.SRDLC, 25.99%, 08/31/2025 (a)(j)	Lending Club		09/02/2022		5,770		5,826		5,768
193139838.SRDLC, 13.99%, 09/01/2025 (a)(j)	Lending Club		09/06/2022		2,346		2,323		2,326
193147466.SRDLC, 23.99%, 09/15/2027 (a)(j)	Lending Club		09/06/2022		30,902		30,597		30,304
193150159.SRDLC, 30.99%, 08/31/2025 (a)(j)	Lending Club		09/02/2022		2,314		2,337		2,307
193169674.SRDLC, 9.34%, 09/15/2025 (a)(j)	Lending Club		09/08/2022		23,280		23,058		23,224
193178019.SRDLC, 28.24%, 09/02/2025 (a)(j)	Lending Club		09/07/2022		9,820		9,915		9,703
193178153.SRDLC, 9.59%, 09/07/2027 (a)(j)	Lending Club		09/09/2022		17,765		17,591		17,674
193178177.SRDLC, 17.19%, 09/06/2027 (a)(j)	Lending Club		09/08/2022		28,692		28,410		28,382
193184149.SRDLC, 18.99%, 09/21/2025 (a)(j)	Lending Club		09/08/2022		4,834		4,881		4,837
193185229.SRDLC, 30.99%, 09/07/2027 (a)(j)	Lending Club		09/09/2022		7,943		8,021		7,806
193207659.SRDLC, 15.99%, 09/06/2025 (a)(j)	Lending Club		09/08/2022		9,782		9,688		9,674
193213965.SRDLC, 26.99%, 09/22/2025 (a)(j)	Lending Club		09/26/2022		7,043		7,112		7,023
193220599.SRDLC, 18.49%, 09/20/2025 (a)(j)	Lending Club		09/08/2022		14,793		14,652		14,695
193225539.SRDLC, 32.39%, 09/02/2027 (a)(j)	Lending Club		09/07/2022		9,261		9,352		9,090
193234903.SRDLC, 26.49%, 09/07/2025 (a)(j)	Lending Club		09/09/2022		24,538		24,300		24,134
193239193.SRDLC, 20.49%, 09/09/2027 (a)(j)	Lending Club		09/13/2022		13,864		13,728		13,686
193242762.SRDLC, 17.74%, 09/06/2025 (a)(j)	Lending Club		09/08/2022		16,150		15,994		15,970
193242817.SRDLC, 15.99%, 09/06/2025 (a)(j)	Lending Club		09/08/2022		7,899		7,823		7,812
193245917.SRDLC, 15.99%, 09/12/2025 (a)(j)	Lending Club		09/14/2022		7,043		6,975		6,974
193251486.SRDLC, 27.74%, 09/06/2025 (a)(j)	Lending Club		09/08/2022		7,855		7,931		7,766
193266605.SRDLC, 32.39%, 09/06/2027 (a)(j)	Lending Club		09/08/2022		19,328		19,137		18,965
193269795.SRDLC, 16.49%, 09/12/2027 (a)(j)	Lending Club		09/14/2022		39,567		39,177		39,189
193273526.SRDLC, 25.99%, 09/07/2025 (a)(j)(k)	Lending Club		09/09/2022		4,000		4,010		1,629
193278182.SRDLC, 9.34%, 09/08/2025 (a)(j)	Lending Club		09/12/2022		9,758		9,665		9,712
193279016.SRDLC, 9.59%, 09/02/2025 (a)(j)	Lending Club		09/16/2022		7,319		7,249		7,287
193287070.SRDLC, 18.19%, 09/11/2026 (a)(j)	Lending Club		09/08/2022		2,471		2,446		2,454
193294673.SRDLC, 20.44%, 09/20/2027 (a)(j)	Lending Club		09/08/2022		14,974		14,828		14,874
193299553.SRDLC, 30.99%, 09/06/2025 (a)(j)	Lending Club		09/08/2022		2,457		2,481		2,416
193299697.SRDLC, 13.99%, 09/07/2025 (a)(j)	Lending Club		09/09/2022		5,474		5,421		5,429
193306364.SRDLC, 20.99%, 09/06/2025 (a)(j)	Lending Club		09/08/2022		954		963		951
193309315.SRDLC, 15.99%, 09/06/2025 (a)(j)	Lending Club		09/08/2022		7,825		7,750		7,739
193322974.SRDLC, 31.74%, 09/07/2027 (a)(j)	Lending Club		09/09/2022		7,150		7,220		7,026
193325911.SRDLC, 25.49%, 09/20/2027 (a)(j)	Lending Club		09/22/2022		27,765		27,490		27,386
193330226.SRDLC, 24.24%, 09/08/2027 (a)(j)	Lending Club		09/12/2022		9,913		9,815		9,742
193330824.SRDLC, 22.74%, 10/11/2027 (a)(j)	Lending Club		10/13/2022		14,114		13,974		14,013
193333795.SRDLC, 25.99%, 09/08/2025 (a)(j)	Lending Club		09/12/2022		4,907		4,954		4,866

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

75

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
193337389.SRDLC, 15.99%, 09/15/2025 (a)(j)	Lending Club		09/09/2022	$	4,909	$	4,862	$	4,884
193341840.SRDLC, 32.39%, 09/27/2027 (a)(j)	Lending Club		09/29/2022		14,897		15,045		14,802
193343769.SRDLC, 18.24%, 09/22/2025 (a)(j)	Lending Club		09/15/2022		1,819		1,837		1,827
193345355.SRDLC, 32.39%, 09/12/2027 (a)(j)	Lending Club		09/14/2022		9,932		10,030		9,786
193347562.SRDLC, 18.24%, 09/09/2025 (a)(j)	Lending Club		09/13/2022		14,097		14,232		14,116
193348242.SRDLC, 25.49%, 09/07/2027 (a)(j)	Lending Club		09/09/2022		7,933		8,011		7,865
193355104.SRDLC, 10.79%, 09/19/2025 (a)(j)	Lending Club		09/21/2022		34,172		33,841		34,037
193357114.SRDLC, 13.19%, 09/22/2025 (a)(j)	Lending Club		09/12/2022		14,735		14,594		14,659
193359361.SRDLC, 24.24%, 09/09/2025 (a)(j)	Lending Club		09/13/2022		1,692		1,676		1,667
193363726.SRDLC, 27.99%, 09/16/2024 (a)(j)	Lending Club		09/20/2022		9,684		9,777		9,647
193378827.SRDLC, 15.99%, 09/12/2025 (a)(j)	Lending Club		09/14/2022		18,585		18,406		18,509
193390533.SRDLC, 30.99%, 09/04/2027 (a)(j)	Lending Club		09/14/2022		6,212		6,273		6,120
193392016.SRDLC, 9.59%, 09/09/2025 (a)(j)	Lending Club		09/13/2022		4,880		4,833		4,857
193392433.SRDLC, 21.49%, 09/08/2025 (a)(j)	Lending Club		09/12/2022		4,900		4,947		4,894
193397249.SRDLC, 25.24%, 09/09/2025 (a)(j)	Lending Club		09/13/2022		16,679		16,517		16,428
193401898.SRDLC, 28.99%, 09/12/2025 (a)(j)	Lending Club		09/14/2022		6,557		6,493		6,459
193402913.SRDLC, 26.49%, 09/16/2025 (a)(j)	Lending Club		09/20/2022		4,908		4,860		4,845
193405242.SRDLC, 24.49%, 09/22/2025 (a)(j)	Lending Club		09/27/2022		3,725		3,688		3,687
193406936.SRDLC, 13.74%, 09/21/2025 (a)(j)(k)	Lending Club		09/23/2022		23,561		23,332		23,450
193409636.SRDLC, 17.69%, 09/12/2025 (a)(j)	Lending Club		09/14/2022		10,766		10,662		10,660
193413820.SRDLC, 32.39%, 10/25/2027 (a)(j)	Lending Club		09/13/2022		4,866		4,914		4,828
193420709.SRDLC, 31.49%, 09/14/2027 (a)(j)(k)	Lending Club		09/16/2022		20,000		19,800		8,213
193423497.SRDLC, 30.49%, 09/09/2027 (a)(j)	Lending Club		09/13/2022		7,942		8,020		7,823
193424832.SRDLC, 15.44%, 09/20/2025 (a)(j)	Lending Club		09/20/2022		14,696		14,553		14,643
193427219.SRDLC, 28.99%, 09/21/2025 (a)(j)	Lending Club		09/23/2022		19,645		19,453		19,415
193427934.SRDLC, 22.99%, 09/09/2025 (a)(j)	Lending Club		09/13/2022		14,294		14,431		14,216
193432417.SRDLC, 13.69%, 09/15/2025 (a)(j)	Lending Club		09/14/2022		39,141		38,764		39,006
193440200.SRDLC, 26.24%, 09/20/2025 (a)(j)	Lending Club		09/20/2022		1,573		1,588		1,572
193441057.SRDLC, 32.39%, 09/20/2027 (a)(j)	Lending Club		09/14/2022		8,000		8,079		7,956
193442527.SRDLC, 25.99%, 09/12/2025 (a)(j)	Lending Club		09/14/2022		2,944		2,973		2,922
193469852.SRDLC, 14.54%, 09/12/2025 (a)(j)	Lending Club		09/14/2022		2,346		2,369		2,351
193490277.SRDLC, 25.99%, 09/12/2025 (a)(j)	Lending Club		09/14/2022		1,178		1,189		1,169
193491097.SRDLC, 25.49%, 09/12/2027 (a)(j)	Lending Club		09/14/2022		5,950		6,008		5,911
193495324.SRDLC, 25.99%, 09/12/2025 (a)(j)	Lending Club		09/14/2022		7,066		7,134		7,013
193497771.SRDLC, 22.49%, 09/14/2027 (a)(j)	Lending Club		09/16/2022		29,725		29,432		29,262
193502349.SRDLC, 21.99%, 09/14/2025 (a)(j)	Lending Club		09/16/2022		7,057		7,125		7,035
193508769.SRDLC, 32.39%, 09/19/2027 (a)(j)	Lending Club		09/21/2022		19,863		19,666		19,576
193510744.SRDLC, 14.69%, 09/12/2025 (a)(j)	Lending Club		09/14/2022		23,465		23,239		23,292
193514957.SRDLC, 24.99%, 09/15/2027 (a)(j)	Lending Club		09/19/2022		31,529		31,217		31,064
193515056.SRDLC, 18.99%, 09/13/2025 (a)(j)	Lending Club		09/15/2022		7,833		7,909		7,848
193519115.SRDLC, 30.99%, 09/14/2025 (a)(j)	Lending Club		09/14/2022		4,923		4,971		4,908
193521654.SRDLC, 29.49%, 09/13/2027 (a)(j)	Lending Club		09/15/2022		12,407		12,284		12,203
193525822.SRDLC, 20.49%, 09/20/2025 (a)(j)	Lending Club		09/22/2022		4,115		4,074		4,072
193542597.SRDLC, 23.49%, 09/13/2025 (a)(j)	Lending Club		09/15/2022		24,515		24,753		24,426
193543089.SRDLC, 25.19%, 09/27/2027 (a)(j)	Lending Club		09/29/2022		10,312		10,210		10,197
193565598.SRDLC, 15.99%, 09/16/2025 (a)(j)	Lending Club		09/20/2022		2,935		2,906		2,910
193582949.SRDLC, 18.49%, 09/16/2025 (a)(j)	Lending Club		09/20/2022		31,157		30,854		30,818
193602909.SRDLC, 24.49%, 09/15/2027 (a)(j)	Lending Club		09/19/2022		8,922		9,010		8,884
193605192.SRDLC, 25.24%, 09/14/2025 (a)(j)	Lending Club		09/16/2022		2,453		2,477		2,436
193605222.SRDLC, 9.59%, 09/28/2025 (a)(j)	Lending Club		09/20/2022		3,900		3,863		3,881
193612173.SRDLC, 10.79%, 09/19/2025 (a)(j)	Lending Club		09/21/2022		6,832		6,766		6,805
193639194.SRDLC, 20.49%, 09/19/2027 (a)(j)	Lending Club		09/21/2022		9,903		9,805		9,797
193640201.SRDLC, 32.39%, 09/19/2027 (a)(j)(k)	Lending Club		09/21/2022		16,863		16,694		16,673
193645928.SRDLC, 19.49%, 09/01/2027 (a)(j)	Lending Club		09/20/2022		4,910		4,958		4,926
193662673.SRDLC, 15.99%, 09/19/2025 (a)(j)	Lending Club		09/21/2022		6,236		6,175		6,185
193675991.SRDLC, 22.49%, 09/20/2027 (a)(j)	Lending Club		09/22/2022		15,457		15,304		15,249
193689839.SRDLC, 30.99%, 09/19/2025 (a)(j)	Lending Club		09/21/2022		3,931		3,970		3,894

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds	Annual Report		October 31, 2022
		��

76

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST			FAIR VALUE
United States - 11.1% (continued)
193693368.SRDLC, 19.99%, 09/23/2025 (a)(j)	Lending Club		09/27/2022	$	3,526	$	3,561		$	3,537
193696796.SRDLC, 32.39%, 09/16/2027 (a)(j)	Lending Club		09/20/2022		19,863		20,059			19,639
193700025.SRDLC, 24.94%, 09/22/2025 (a)(j)	Lending Club		09/21/2022		1,966		1,947			1,956
193704775.SRDLC, 20.99%, 10/07/2027 (a)(j)	Lending Club		10/12/2022		10,000		10,025			10,038
193706748.SRDLC, 26.74%, 09/19/2025 (a)(j)	Lending Club		09/21/2022		3,239		3,271			3,222
193709519.SRDLC, 9.09%, 09/23/2025 (a)(j)	Lending Club		09/27/2022		4,781		4,735			4,765
193712658.SRDLC, 29.74%, 09/26/2025 (a)(j)	Lending Club		09/28/2022		5,895		5,953			5,863
193717551.SRDLC, 21.99%, 09/27/2025 (a)(j)(k)	Lending Club		09/29/2022		5,000		5,049			5,007
193719168.SRDLC, 22.49%, 09/19/2027 (a)(j)	Lending Club		09/21/2022		9,908		9,810			9,772
193719963.SRDLC, 25.99%, 09/26/2025 (a)(j)	Lending Club		09/28/2022		5,888		5,831			5,831
193722521.SRDLC, 30.99%, 09/23/2027 (a)(j)	Lending Club		09/27/2022		24,275		24,515			24,098
193741451.SRDLC, 29.99%, 09/27/2025 (a)(j)	Lending Club		09/29/2022		3,439		3,473			3,422
193755232.SRDLC, 20.49%, 09/21/2027 (a)(j)	Lending Club		09/23/2022		23,272		23,042			23,036
193804618.SRDLC, 15.99%, 09/22/2025 (a)(j)	Lending Club		09/26/2022		19,563		19,373			19,423
193814373.SRDLC, 30.99%, 09/21/2025 (a)(j)	Lending Club		09/23/2022		3,243		3,275			3,216
193823411.SRDLC, 30.99%, 09/22/2025 (a)(j)	Lending Club		09/26/2022		9,435		9,527			9,373
193838030.SRDLC, 24.99%, 10/05/2027 (a)(j)	Lending Club		10/07/2022		35,000		34,652			34,666
193845623.SRDLC, 20.24%, 09/30/2027 (a)(j)	Lending Club		09/28/2022		9,434		9,340			9,344
193847911.SRDLC, 20.19%, 09/23/2025 (a)(j)	Lending Club		09/27/2022		4,898		4,850			4,854
193864910.SRDLC, 12.69%, 09/26/2025 (a)(j)	Lending Club		09/28/2022		19,541		19,350			19,441
193886437.SRDLC, 9.34%, 09/26/2025 (a)(j)	Lending Club		09/28/2022		4,586		4,542			4,572
193891725.SRDLC, 14.19%, 09/29/2027 (a)(j)	Lending Club		10/03/2022		29,654		29,359			29,640
193897869.SRDLC, 23.49%, 09/26/2027 (a)(j)	Lending Club		09/28/2022		14,857		14,709			14,687
193900889.SRDLC, 22.49%, 09/26/2027 (a)(j)	Lending Club		09/28/2022		20,213		20,013			19,984
193904883.SRDLC, 30.99%, 09/23/2025 (a)(j)	Lending Club		09/27/2022		2,948		2,977			2,931
193919332.SRDLC, 30.99%, 10/17/2025 (a)(j)	Lending Club		10/19/2022		13,200		13,069			13,126
193924458.SRDLC, 16.94%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		2,500		2,475			2,489
193925110.SRDLC, 19.19%, 09/26/2025 (a)(j)	Lending Club		09/28/2022		2,265		2,243			2,246
193926621.SRDLC, 23.5531%, 09/27/2025 (a)(j)	Lending Club		09/29/2022		2,147		2,168			2,150
193931676.SRDLC, 30.74%, 09/27/2025 (a)(j)	Lending Club		09/29/2022		3,931		3,970			3,912
193939471.SRDLC, 32.39%, 10/06/2027 (a)(j)	Lending Club		10/11/2022		6,500		6,516			6,487
193940880.SRDLC, 22.49%, 09/26/2027 (a)(j)	Lending Club		09/28/2022		19,817		19,621			19,592
193944455.SRDLC, 24.99%, 10/06/2025 (a)(j)(k)	Lending Club		09/28/2022		3,300		3,332			3,285
193956137.SRDLC, 24.99%, 10/20/2027 (a)(j)	Lending Club		10/07/2022		25,000		25,062			24,822
193966041.SRDLC, 21.0119%, 09/26/2025 (a)(j)	Lending Club		09/28/2022		5,322		5,373			5,336
193967656.SRDLC, 23.99%, 09/26/2025 (a)(j)	Lending Club		09/28/2022		981		971			971
193968510.SRDLC, 25.99%, 09/26/2025 (a)(j)	Lending Club		09/28/2022		5,888		5,946			5,877
193976442.SRDLC, 29.99%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		10,000		10,025			10,061
193981563.SRDLC, 25.49%, 09/26/2027 (a)(j)	Lending Club		09/28/2022		8,627		8,541			8,528
193986752.SRDLC, 30.99%, 09/26/2025 (a)(j)	Lending Club		09/28/2022		11,794		11,909			11,729
193990313.SRDLC, 27.99%, 09/26/2025 (a)(j)	Lending Club		09/28/2022		4,910		4,958			4,900
193993362.SRDLC, 23.99%, 09/26/2027 (a)(j)	Lending Club		09/28/2022		15,364		15,516			15,381
193996097.SRDLC, 22.99%, 09/26/2025 (a)(j)	Lending Club		09/28/2022		3,504		3,538			3,507
193997666.SRDLC, 32.39%, 10/04/2027 (a)(j)	Lending Club		10/06/2022		15,000		14,851			14,845
194006210.SRDLC, 19.99%, 10/04/2027 (a)(j)	Lending Club		10/06/2022		18,000		17,821			17,867
194026974.SRDLC, 27.99%, 09/27/2025 (a)(j)	Lending Club		09/29/2022		2,455		2,479			2,451
194027078.SRDLC, 29.99%, 10/04/2025 (a)(j)	Lending Club		10/06/2022		1,466		1,470			1,456
194031497.SRDLC, 24.74%, 09/28/2027 (a)(j)	Lending Club		09/30/2022		9,518		9,422			9,415
194038788.SRDLC, 20.99%, 09/27/2025 (a)(j)	Lending Club		09/29/2022		3,429		3,463			3,442
194040422.SRDLC, 20.99%, 09/27/2025 (a)(j)	Lending Club		09/29/2022		3,429		3,463			3,442
194040492.SRDLC, 26.24%, 09/27/2025 (a)(j)	Lending Club		09/29/2022		2,944		2,973			2,940
194041243.SRDLC, 21.99%, 09/27/2025 (a)(j)	Lending Club		09/29/2022		14,105		14,243			14,124
194042196.SRDLC, 22.99%, 09/27/2025 (a)(j)	Lending Club		09/29/2022		5,883		5,940	��		5,890
194051376.SRDLC, 13.19%, 10/06/2027 (a)(j)	Lending Club		10/11/2022		30,000		29,702			29,891
194051674.SRDLC, 15.99%, 09/28/2025 (a)(j)	Lending Club		09/30/2022		4,891		4,843			4,860
194056709.SRDLC, 10.7907%, 09/28/2025 (a)(j)	Lending Club		09/30/2022		10,740		10,635			10,706
194059679.SRDLC, 24.74%, 10/12/2027 (a)(j)	Lending Club		10/14/2022		15,250		15,098			15,142

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

77

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
194060212.SRDLC, 25.49%, 09/28/2025 (a)(j)	Lending Club		09/30/2022	$	234	$	232	$	236
194073006.SRDLC, 25.99%, 09/29/2027 (a)(j)	Lending Club		10/03/2022		6,446		6,382		6,443
194120451.SRDLC, 27.99%, 10/06/2025 (a)(j)	Lending Club		10/11/2022		13,200		13,069		13,091
194126374.SRDLC, 21.49%, 10/21/2025 (a)(j)	Lending Club		10/25/2022		25,000		25,062		25,185
194126529.SRDLC, 28.99%, 10/18/2027 (a)(j)	Lending Club		10/20/2022		6,000		5,940		5,969
194127079.SRDLC, 30.99%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		4,000		4,010		4,024
194158910.SRDLC, 16.49%, 10/19/2027 (a)(j)	Lending Club		10/06/2022		13,600		13,465		13,486
194170547.SRDLC, 22.49%, 10/13/2025 (a)(j)	Lending Club		10/17/2022		20,000		20,049		20,086
194180396.SRDLC, 28.99%, 10/21/2025 (a)(j)	Lending Club		10/25/2022		3,300		3,267		3,289
194213087.SRDLC, 13.99%, 10/04/2025 (a)(j)	Lending Club		10/06/2022		17,600		17,427		17,521
194214694.SRDLC, 28.99%, 10/11/2024 (a)(j)	Lending Club		10/13/2022		3,900		3,910		3,901
194236594.SRDLC, 24.94%, 10/05/2025 (a)(j)	Lending Club		10/07/2022		11,000		10,892		10,897
194249857.SRDLC, 30.99%, 10/05/2027 (a)(j)	Lending Club		10/07/2022		12,000		11,880		11,881
194256083.SRDLC, 26.49%, 10/04/2026 (a)(j)	Lending Club		10/06/2022		8,400		8,421		8,389
194264252.SRDLC, 25.44%, 10/12/2027 (a)(j)	Lending Club		10/14/2022		11,500		11,385		11,418
194266501.SRDLC, 30.99%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		5,000		5,012		4,994
194268458.SRDLC, 32.39%, 10/25/2027 (a)(j)	Lending Club		10/27/2022		15,000		15,037		15,099
194279737.SRDLC, 19.24%, 10/04/2026 (a)(j)	Lending Club		10/06/2022		9,828		9,851		9,846
194284598.SRDLC, 24.49%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		4,800		4,753		4,765
194290005.SRDLC, 32.39%, 10/14/2027 (a)(j)	Lending Club		10/18/2022		10,000		10,025		10,018
194304143.SRDLC, 16.49%, 10/06/2027 (a)(j)	Lending Club		10/11/2022		12,000		11,881		11,943
194324741.SRDLC, 32.39%, 10/06/2027 (a)(j)	Lending Club		10/11/2022		20,000		20,049		19,959
194326877.SRDLC, 27.24%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		12,000		12,030		12,007
194361599.SRDLC, 29.49%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		5,000		4,950		4,962
194363819.SRDLC, 30.99%, 10/07/2025 (a)(j)	Lending Club		10/12/2022		5,000		5,012		4,991
194379768.SRDLC, 14.74%, 10/11/2024 (a)(j)	Lending Club		10/13/2022		10,000		10,024		10,054
194384363.SRDLC, 25.19%, 10/13/2027 (a)(j)	Lending Club		10/17/2022		19,000		18,811		18,885
194389212.SRDLC, 32.39%, 10/11/2027 (a)(j)	Lending Club		10/13/2022		14,722		14,575		14,612
194389850.SRDLC, 22.99%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		10,000		10,025		10,029
194389865.SRDLC, 10.7907%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		3,500		3,466		3,492
194405751.SRDLC, 16.49%, 10/11/2027 (a)(j)	Lending Club		10/13/2022		14,000		13,861		13,939
194412809.SRDLC, 25.99%, 10/14/2025 (a)(j)	Lending Club		10/18/2022		3,000		2,970		2,983
194413447.SRDLC, 9.34%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		15,000		14,852		14,968
194423465.SRDLC, 13.49%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		25,000		24,753		24,915
194424781.SRDLC, 18.49%, 10/21/2024 (a)(j)	Lending Club		10/25/2022		7,000		7,017		7,055
194430048.SRDLC, 15.19%, 10/14/2025 (a)(j)	Lending Club		10/18/2022		10,000		9,901		9,966
194431904.SRDLC, 24.49%, 10/11/2027 (a)(j)	Lending Club		10/13/2022		10,000		9,900		9,926
194435800.SRDLC, 15.99%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		30,000		29,704		29,864
194435945.SRDLC, 16.99%, 10/18/2025 (a)(j)	Lending Club		10/20/2022		3,000		3,007		3,021
194453547.SRDLC, 19.99%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		3,000		3,007		3,012
194455826.SRDLC, 21.24%, 10/11/2027 (a)(j)	Lending Club		10/13/2022		20,000		19,801		19,856
194459017.SRDLC, 23.99%, 10/11/2027 (a)(j)	Lending Club		10/13/2022		25,000		25,062		25,057
194463123.SRDLC, 13.24%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		23,000		22,773		22,922
194468013.SRDLC, 25.99%, 10/11/2024 (a)(j)	Lending Club		10/13/2022		3,500		3,509		3,506
194474327.SRDLC, 16.49%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		25,000		24,753		24,886
194484669.SRDLC, 20.99%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		2,500		2,506		2,510
194493592.SRDLC, 24.49%, 10/13/2025 (a)(j)	Lending Club		10/17/2022		18,000		17,821		17,893
194512371.SRDLC, 29.49%, 10/18/2025 (a)(j)	Lending Club		10/20/2022		4,750		4,703		4,725
194514223.SRDLC, 20.49%, 10/17/2027 (a)(j)	Lending Club		10/19/2022		34,342		33,999		34,203
194515534.SRDLC, 7.09%, 10/14/2025 (a)(j)	Lending Club		10/18/2022		18,000		17,822		17,982
194519707.SRDLC, 24.74%, 10/12/2024 (a)(j)	Lending Club		10/14/2022		6,000		6,015		6,013
194524820.SRDLC, 20.49%, 10/17/2025 (a)(j)	Lending Club		10/19/2022		2,000		2,005		2,012
194532233.SRDLC, 30.99%, 10/11/2025 (a)(j)	Lending Club		10/13/2022		2,400		2,406		2,397
194534657.SRDLC, 15.49%, 10/14/2025 (a)(j)	Lending Club		10/18/2022		6,000		5,941		5,979
194535055.SRDLC, 22.74%, 10/20/2027 (a)(j)	Lending Club		10/24/2022		16,000		15,840		15,945
194535429.SRDLC, 24.49%, 10/19/2027 (a)(j)	Lending Club		10/21/2022		9,000		8,910		8,959
194546895.SRDLC, 7.59%, 10/17/2025 (a)(j)	Lending Club		10/19/2022		7,500		7,426		7,493

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

78

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
194547766.SRDLC, 15.99%, 10/12/2025 (a)(j)	Lending Club		10/14/2022	$	7,700	$	7,719	$	7,745
194563879.SRDLC, 26.49%, 10/12/2027 (a)(j)	Lending Club		10/14/2022		16,000		16,040		16,029
194567488.SRDLC, 24.49%, 10/20/2027 (a)(j)	Lending Club		10/24/2022		15,000		14,850		14,947
194576339.SRDLC, 24.49%, 10/21/2027 (a)(j)	Lending Club		10/25/2022		35,000		34,650		34,889
194584482.SRDLC, 25.99%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		7,200		7,128		7,179
194585024.SRDLC, 23.99%, 10/17/2027 (a)(j)	Lending Club		10/19/2022		5,000		4,950		4,974
194587361.SRDLC, 28.99%, 10/19/2027 (a)(j)	Lending Club		10/21/2022		5,000		4,950		4,976
194592145.SRDLC, 25.24%, 10/13/2024 (a)(j)	Lending Club		10/17/2022		6,000		6,015		6,020
194593499.SRDLC, 28.99%, 10/17/2025 (a)(j)	Lending Club		10/19/2022		3,600		3,564		3,580
194595358.SRDLC, 17.94%, 10/19/2025 (a)(j)	Lending Club		10/21/2022		6,000		5,940		5,982
194604649.SRDLC, 28.99%, 10/17/2027 (a)(j)	Lending Club		10/19/2022		4,800		4,752		4,773
194611665.SRDLC, 12.69%, 10/17/2027 (a)(j)	Lending Club		10/19/2022		21,000		20,791		20,950
194613803.SRDLC, 13.99%, 10/17/2025 (a)(j)	Lending Club		10/19/2022		7,500		7,426		7,481
194621068.SRDLC, 28.99%, 10/18/2024 (a)(j)	Lending Club		10/20/2022		2,000		2,005		2,007
194632029.SRDLC, 27.49%, 10/25/2025 (a)(j)	Lending Club		10/27/2022		8,000		8,020		8,057
194633979.SRDLC, 10.79%, 10/17/2025 (a)(j)	Lending Club		10/19/2022		8,800		8,713		8,786
194641816.SRDLC, 31.89%, 10/14/2026 (a)(j)	Lending Club		10/18/2022		9,265		9,287		9,262
194642494.SRDLC, 22.49%, 10/17/2025 (a)(j)	Lending Club		10/19/2022		12,000		11,881		11,939
194658217.SRDLC, 28.99%, 10/25/2025 (a)(j)	Lending Club		10/27/2022		9,600		9,504		9,574
194661580.SRDLC, 24.99%, 10/18/2025 (a)(j)	Lending Club		10/20/2022		35,000		34,652		34,829
194662189.SRDLC, 26.99%, 10/17/2025 (a)(j)	Lending Club		10/19/2022		5,000		5,012		5,017
194678308.SRDLC, 22.49%, 10/17/2027 (a)(j)	Lending Club		10/19/2022		15,000		14,851		14,923
194680285.SRDLC, 32.39%, 10/17/2027 (a)(j)	Lending Club		10/19/2022		15,000		15,037		15,033
194686661.SRDLC, 31.89%, 10/17/2026 (a)(j)	Lending Club		10/19/2022		1,500		1,504		1,503
194699714.SRDLC, 26.49%, 10/17/2025 (a)(j)	Lending Club		10/19/2022		3,000		2,970		2,984
194709610.SRDLC, 14.99%, 10/18/2027 (a)(j)	Lending Club		10/20/2022		15,000		14,851		14,965
194714833.SRDLC, 22.0109%, 10/04/2027 (a)(j)	Lending Club		10/19/2022		8,000		8,020		8,074
194725208.SRDLC, 20.2517%, 10/17/2027 (a)(j)	Lending Club		10/19/2022		8,000		8,020		8,047
194732348.SRDLC, 16.99%, 10/18/2024 (a)(j)	Lending Club		10/20/2022		6,000		6,015		6,041
194742954.SRDLC, 23.74%, 10/18/2025 (a)(j)	Lending Club		10/20/2022		12,000		12,030		12,063
194747543.SRDLC, 28.99%, 10/19/2027 (a)(j)	Lending Club		10/21/2022		1,818		1,800		1,809
194750419.SRDLC, 21.49%, 10/18/2025 (a)(j)	Lending Club		10/20/2022		4,000		4,010		4,024
194752828.SRDLC, 18.99%, 10/18/2024 (a)(j)	Lending Club		10/20/2022		2,350		2,356		2,366
194755673.SRDLC, 24.49%, 10/19/2027 (a)(j)	Lending Club		10/21/2022		6,000		5,940		5,973
194763161.SRDLC, 18.99%, 10/18/2025 (a)(j)	Lending Club		10/20/2022		5,200		5,213		5,236
194767039.SRDLC, 30.99%, 10/20/2027 (a)(j)	Lending Club		10/24/2022		16,000		15,840		15,937
194773712.SRDLC, 25.99%, 10/21/2024 (a)(j)	Lending Club		10/25/2022		10,000		10,025		10,066
194778572.SRDLC, 15.99%, 10/25/2025 (a)(j)	Lending Club		10/27/2022		1,800		1,782		1,797
194780861.SRDLC, 16.49%, 10/21/2027 (a)(j)	Lending Club		10/25/2022		12,000		11,880		11,977
194787858.SRDLC, 19.69%, 10/20/2025 (a)(j)	Lending Club		10/24/2022		3,500		3,465		3,490
194840160.SRDLC, 15.99%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		22,000		21,781		21,961
194843857.SRDLC, 31.49%, 10/26/2026 (a)(j)	Lending Club		10/28/2022		1,200		1,203		1,209
194847279.SRDLC, 28.99%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		4,800		4,752		4,785
194870858.SRDLC, 30.99%, 10/25/2027 (a)(j)	Lending Club		10/27/2022		20,000		19,800		19,944
194871645.SRDLC, 10.99%, 10/15/2027 (a)(j)	Lending Club		10/26/2022		18,000		17,820		17,991
194874645.SRDLC, 20.24%, 11/05/2025 (a)(j)	Lending Club		10/27/2022		5,400		5,346		5,417
194880827.SRDLC, 19.49%, 10/24/2027 (a)(j)	Lending Club		10/26/2022		7,000		6,930		6,985
194884506.SRDLC, 22.99%, 10/24/2026 (a)(j)	Lending Club		10/26/2022		8,000		7,920		7,979
194888757.SRDLC, 30.99%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		4,000		4,010		4,024
194899015.SRDLC, 25.49%, 10/24/2027 (a)(j)	Lending Club		10/26/2022		19,550		19,355		19,494
194913501.SRDLC, 14.69%, 10/24/2027 (a)(j)	Lending Club		10/26/2022		12,000		11,880		11,983
194921212.SRDLC, 27.49%, 10/27/2027 (a)(j)	Lending Club		10/31/2022		12,000		12,030		12,030
194921409.SRDLC, 30.49%, 10/26/2027 (a)(j)	Lending Club		10/28/2022		8,400		8,421		8,461
194927100.SRDLC, 27.99%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		12,000		12,030		12,079
194930289.SRDLC, 28.99%, 10/24/2027 (a)(j)	Lending Club		10/26/2022		6,000		6,015		6,039
194930783.SRDLC, 22.49%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		3,000		2,970		2,992
194941414.SRDLC, 18.89%, 10/25/2025 (a)(j)	Lending Club		10/27/2022		3,600		3,564		3,593

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

79

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
194945403.SRDLC, 19.69%, 10/24/2027 (a)(j)	Lending Club		10/26/2022	$	20,000	$	19,800	$	19,957
194954645.SRDLC, 25.49%, 10/24/2027 (a)(j)	Lending Club		10/26/2022		8,500		8,521		8,559
194956587.SRDLC, 20.74%, 10/27/2027 (a)(j)	Lending Club		10/31/2022		12,000		11,880		11,880
194960469.SRDLC, 15.99%, 10/25/2025 (a)(j)	Lending Club		10/27/2022		16,000		15,841		15,975
194964122.SRDLC, 12.69%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		10,000		9,900		9,987
194964380.SRDLC, 11.29%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		12,000		11,881		11,988
194968095.SRDLC, 25.49%, 10/26/2025 (a)(j)	Lending Club		10/28/2022		5,000		5,012		5,039
194969316.SRDLC, 24.49%, 10/24/2027 (a)(j)	Lending Club		10/26/2022		16,000		15,840		15,955
194970414.SRDLC, 16.99%, 10/24/2024 (a)(j)	Lending Club		10/26/2022		3,200		3,208		3,226
194974891.SRDLC, 22.74%, 10/25/2025 (a)(j)	Lending Club		10/27/2022		10,000		9,900		9,977
194975389.SRDLC, 17.24%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		4,000		4,010		4,033
194975652.SRDLC, 22.24%, 10/25/2027 (a)(j)	Lending Club		10/27/2022		24,000		23,760		23,945
194979848.SRDLC, 28.99%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		10,000		10,025		10,065
194981146.SRDLC, 22.24%, 10/27/2027 (a)(j)	Lending Club		10/31/2022		2,000		1,980		1,980
194986912.SRDLC, 18.69%, 10/26/2025 (a)(j)	Lending Club		10/28/2022		2,400		2,376		2,396
194989209.SRDLC, 14.54%, 10/26/2025 (a)(j)	Lending Club		10/28/2022		10,000		9,900		9,989
194991138.SRDLC, 32.39%, 10/24/2027 (a)(j)	Lending Club		10/26/2022		20,000		20,050		20,121
194991629.SRDLC, 18.19%, 10/26/2025 (a)(j)	Lending Club		10/28/2022		12,000		11,880		11,981
194992561.SRDLC, 13.94%, 10/26/2024 (a)(j)	Lending Club		10/28/2022		22,000		21,781		21,976
194999605.SRDLC, 29.99%, 10/24/2025 (a)(j)	Lending Club		10/26/2022		1,000		1,002		1,006
195004526.SRDLC, 11.19%, 10/27/2026 (a)(j)	Lending Club		10/31/2022		14,000		13,860		13,860
195008403.SRDLC, 15.94%, 10/27/2027 (a)(j)	Lending Club		10/31/2022		8,800		8,712		8,712
195013431.SRDLC, 30.99%, 10/25/2025 (a)(j)	Lending Club		10/27/2022		3,000		3,007		3,020
195041645.SRDLC, 23.99%, 10/25/2025 (a)(j)	Lending Club		10/27/2022		10,000		10,025		10,076
195058306.SRDLC, 17.99%, 10/27/2024 (a)(j)	Lending Club		10/31/2022		6,500		6,516		6,516
195086153.SRDLC, 32.39%, 10/27/2027 (a)(j)	Lending Club		10/31/2022		8,400		8,421		8,421
195096186.SRDLC, 21.99%, 10/27/2025 (a)(j)	Lending Club		10/31/2022		8,900		8,922		8,922
195108237.SRDLC, 21.99%, 10/31/2026 (a)(j)	Lending Club		10/31/2022		10,000		10,025		10,025
195116475.SRDLC, 25.99%, 10/27/2025 (a)(j)	Lending Club		10/31/2022		7,200		7,218		7,218
195118376.SRDLC, 32.24%, 10/27/2027 (a)(j)	Lending Club		10/31/2022		5,000		5,012		5,012
195123243.SRDLC, 32.39%, 10/27/2027 (a)(j)	Lending Club		10/31/2022		12,000		12,030		12,030
195136154.SRDLC, 31.24%, 10/27/2027 (a)(j)	Lending Club		10/31/2022		10,000		10,025		10,025
FW3283727.SRDUP, 26.38%, 07/18/2027 (a)(j)	Upstart		07/21/2022		2,731		2,731		2,706
FW3283955.SRDUP, 29.56%, 07/19/2027 (a)(j)	Upstart		07/22/2022		3,520		3,520		3,488
FW3284922.SRDUP, 15.01%, 07/20/2027 (a)(j)	Upstart		07/25/2022		2,529		2,529		2,510
FW3286495.SRDUP, 27.5%, 07/25/2025 (a)(j)	Upstart		07/28/2022		5,674		5,674		5,618
FW3286647.SRDUP, 29.91%, 07/19/2027 (a)(j)	Upstart		07/22/2022		2,641		2,641		2,617
FW3288044.SRDUP, 29.68%, 07/20/2027 (a)(j)	Upstart		07/25/2022		24,420		24,420		24,079
FW3289708.SRDUP, 28.36%, 07/20/2027 (a)(j)	Upstart		07/25/2022		27,150		27,150		26,851
FW3290212.SRDUP, 25.48%, 07/19/2025 (a)(j)(k)	Upstart		07/22/2022		4,880		4,880		1,685
FW3290213.SRDUP, 20.68%, 07/18/2027 (a)(j)	Upstart		07/21/2022		14,565		14,565		14,478
FW3290339.SRDUP, 27.76%, 07/18/2027 (a)(j)	Upstart		07/21/2022		3,711		3,711		3,675
FW3290686.SRDUP, 16.05%, 07/22/2027 (a)(j)(k)	Upstart		07/27/2022		9,784		9,784		9,292
FW3290870.SRDUP, 21.98%, 07/19/2027 (a)(j)	Upstart		07/22/2022		3,791		3,791		3,748
FW3290902.SRDUP, 11.7%, 07/18/2025 (a)(j)	Upstart		07/21/2022		5,580		5,580		5,550
FW3291024.SRDUP, 28.81%, 07/18/2027 (a)(j)	Upstart		07/21/2022		1,466		1,466		1,452
FW3291081.SRDUP, 30.05%, 07/19/2027 (a)(j)	Upstart		07/22/2022		8,118		8,118		8,044
FW3291223.SRDUP, 27.19%, 07/18/2027 (a)(j)	Upstart		07/21/2022		29,282		29,282		29,005
FW3291237.SRDUP, 11.78%, 07/19/2027 (a)(j)	Upstart		07/22/2022		26,769		26,769		26,677
FW3291253.SRDUP, 21.15%, 07/18/2027 (a)(j)	Upstart		07/21/2022		3,303		3,303		3,272
FW3291332.SRDUP, 25.05%, 07/19/2027 (a)(j)	Upstart		07/22/2022		2,729		2,729		2,698
FW3291411.SRDUP, 20.35%, 07/19/2027 (a)(j)	Upstart		07/22/2022		10,901		10,901		10,802
FW3291414.SRDUP, 30.06%, 12/18/2027 (a)(j)(k)	Upstart		07/21/2022		13,120		13,120		13,054
FW3291416.SRDUP, 29.91%, 07/18/2027 (a)(j)	Upstart		07/21/2022		1,174		1,174		1,162
FW3291496.SRDUP, 29.97%, 07/19/2027 (a)(j)(k)	Upstart		07/22/2022		4,800		4,800		1,022
FW3291585.SRDUP, 26.59%, 07/19/2025 (a)(j)	Upstart		07/22/2022		5,206		5,206		5,154
FW3291616.SRDUP, 29.92%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,467		1,467		1,451

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

80

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3291622.SRDUP, 29.25%, 07/19/2027 (a)(j)	Upstart		07/22/2022	$	1,955	$	1,955	$	1,937
FW3291637.SRDUP, 26.46%, 07/19/2027 (a)(j)	Upstart		07/22/2022		4,390		4,390		4,340
FW3291650.SRDUP, 21.68%, 07/20/2027 (a)(j)	Upstart		07/25/2022		2,527		2,527		2,504
FW3291688.SRDUP, 14.61%, 07/19/2027 (a)(j)(k)	Upstart		07/22/2022		11,489		11,489		11,408
FW3291733.SRDUP, 28.26%, 07/19/2027 (a)(j)	Upstart		07/22/2022		2,247		2,247		2,222
FW3291755.SRDUP, 29.95%, 07/19/2027 (a)(j)	Upstart		07/22/2022		9,389		9,389		9,304
FW3291758.SRDUP, 24.98%, 07/19/2027 (a)(j)	Upstart		07/22/2022		10,732		10,732		10,619
FW3291766.SRDUP, 16.88%, 07/19/2027 (a)(j)	Upstart		07/22/2022		48,316		48,479		47,977
FW3291798.SRDUP, 22.35%, 07/19/2025 (a)(j)	Upstart		07/22/2022		5,265		5,265		5,211
FW3291834.SRDUP, 20.73%, 07/19/2025 (a)(j)	Upstart		07/22/2022		939		939		929
FW3291889.SRDUP, 29.92%, 07/19/2027 (a)(j)	Upstart		07/22/2022		2,738		2,738		2,714
FW3291896.SRDUP, 29.95%, 07/20/2027 (a)(j)	Upstart		07/25/2022		3,999		3,999		3,961
FW3291899.SRDUP, 29.26%, 07/19/2027 (a)(j)	Upstart		07/22/2022		1,466		1,466		1,450
FW3291905.SRDUP, 30.01%, 07/19/2027 (a)(j)	Upstart		07/22/2022		1,564		1,564		1,548
FW3291964.SRDUP, 12.8%, 07/19/2027 (a)(j)	Upstart		07/22/2022		8,675		8,675		8,645
FW3292015.SRDUP, 26.59%, 07/19/2027 (a)(j)	Upstart		07/22/2022		8,715		8,715		8,628
FW3292022.SRDUP, 29.7%, 07/19/2027 (a)(j)	Upstart		07/22/2022		1,662		1,662		1,647
FW3292062.SRDUP, 23.7%, 07/19/2027 (a)(j)	Upstart		07/22/2022		9,735		9,735		9,624
FW3292064.SRDUP, 29.51%, 07/19/2027 (a)(j)	Upstart		07/22/2022		1,461		1,461		1,447
FW3292078.SRDUP, 30.05%, 07/19/2027 (a)(j)	Upstart		07/22/2022		2,641		2,641		2,611
FW3292131.SRDUP, 14.01%, 07/19/2027 (a)(j)	Upstart		07/22/2022		5,405		5,405		5,373
FW3292176.SRDUP, 26.96%, 07/19/2027 (a)(j)	Upstart		07/22/2022		14,639		14,639		14,507
FW3292190.SRDUP, 28.83%, 07/19/2027 (a)(j)	Upstart		07/22/2022		10,945		10,945		10,846
FW3292200.SRDUP, 21.62%, 07/19/2027 (a)(j)	Upstart		07/22/2022		3,296		3,296		3,251
FW3292251.SRDUP, 20.47%, 07/19/2025 (a)(j)(k)	Upstart		07/22/2022		1,359		1,359		1,342
FW3292260.SRDUP, 26.73%, 07/19/2027 (a)(j)	Upstart		07/22/2022		15,368		15,368		15,158
FW3292351.SRDUP, 27.36%, 07/19/2027 (a)(j)	Upstart		07/22/2022		20,110		20,110		19,928
FW3292390.SRDUP, 27.39%, 07/19/2027 (a)(j)	Upstart		07/22/2022		2,759		2,759		2,626
FW3292416.SRDUP, 29.82%, 07/19/2027 (a)(j)	Upstart		07/22/2022		4,107		4,107		4,070
FW3292451.SRDUP, 15.45%, 07/19/2027 (a)(j)	Upstart		07/22/2022		3,093		3,093		3,075
FW3292468.SRDUP, 13.48%, 07/19/2025 (a)(j)	Upstart		07/22/2022		1,863		1,863		1,853
FW3292482.SRDUP, 28.56%, 07/19/2027 (a)(j)	Upstart		07/22/2022		5,862		5,862		5,809
FW3292504.SRDUP, 22.89%, 07/19/2027 (a)(j)	Upstart		07/22/2022		3,187		3,187		3,143
FW3292526.SRDUP, 20.12%, 07/19/2027 (a)(j)	Upstart		07/22/2022		9,626		9,626		9,519
FW3292548.SRDUP, 29.21%, 07/19/2027 (a)(j)(k)	Upstart		07/22/2022		2,976		2,976		2,846
FW3292565.SRDUP, 25.69%, 07/19/2025 (a)(j)	Upstart		07/22/2022		1,320		1,320		1,309
FW3292579.SRDUP, 28.37%, 07/19/2027 (a)(j)	Upstart		07/22/2022		7,815		7,815		7,745
FW3292628.SRDUP, 22.75%, 07/19/2027 (a)(j)(k)	Upstart		07/22/2022		28,000		28,098		6,043
FW3292649.SRDUP, 24.71%, 07/19/2027 (a)(j)	Upstart		07/22/2022		1,948		1,948		1,931
FW3292886.SRDUP, 20.2%, 07/20/2027 (a)(j)	Upstart		07/25/2022		8,153		8,181		8,081
FW3293042.SRDUP, 14.56%, 07/20/2025 (a)(j)	Upstart		07/25/2022		2,891		2,891		2,874
FW3293259.SRDUP, 29.68%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,542		2,542		2,523
FW3293303.SRDUP, 23.79%, 07/21/2027 (a)(j)	Upstart		07/26/2022		6,815		6,815		6,742
FW3294098.SRDUP, 29.96%, 07/21/2027 (a)(j)	Upstart		07/26/2022		3,619		3,619		3,589
FW3294204.SRDUP, 21.44%, 07/20/2027 (a)(j)(k)	Upstart		07/25/2022		1,472		1,472		1,401
FW3294222.SRDUP, 18.35%, 07/20/2027 (a)(j)	Upstart		07/25/2022		5,799		5,799		5,759
FW3294406.SRDUP, 29.84%, 07/20/2027 (a)(j)	Upstart		07/25/2022		2,739		2,739		2,715
FW3294893.SRDUP, 30.05%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,101		1,105		1,088
FW3294918.SRDUP, 30.07%, 07/20/2027 (a)(j)	Upstart		07/25/2022		4,304		4,304		4,266
FW3294938.SRDUP, 25.22%, 07/20/2027 (a)(j)(k)	Upstart		07/25/2022		13,772		13,772		13,081
FW3295053.SRDUP, 29.35%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,075		1,075		1,066
FW3295083.SRDUP, 24.09%, 07/20/2027 (a)(j)	Upstart		07/25/2022		9,607		9,607		9,511
FW3295093.SRDUP, 30.02%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,956		1,956		1,939
FW3295177.SRDUP, 13.33%, 07/20/2027 (a)(j)	Upstart		07/25/2022		33,759		33,872		33,645
FW3295297.SRDUP, 22.65%, 07/20/2025 (a)(j)	Upstart		07/25/2022		940		940		931
FW3295445.SRDUP, 26.8%, 07/20/2025 (a)(j)	Upstart		07/25/2022		1,888		1,895		1,865
FW3295447.SRDUP, 21.12%, 07/20/2025 (a)(j)	Upstart		07/25/2022		1,127		1,127		1,116

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

81

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3295471.SRDUP, 27.32%, 07/20/2025 (a)(j)	Upstart		07/25/2022	$	2,078	$	2,078	$	2,053
FW3295502.SRDUP, 30.05%, 07/20/2027 (a)(j)	Upstart		07/25/2022		3,175		3,175		3,143
FW3295540.SRDUP, 16.35%, 07/20/2027 (a)(j)	Upstart		07/25/2022		2,902		2,902		2,885
FW3295671.SRDUP, 29.89%, 07/20/2027 (a)(j)(k)	Upstart		07/25/2022		15,134		15,134		14,460
FW3295689.SRDUP, 18.9%, 07/20/2027 (a)(j)	Upstart		07/25/2022		5,817		5,817		5,784
FW3295728.SRDUP, 30.02%, 07/20/2027 (a)(j)	Upstart		07/25/2022		11,443		11,443		11,317
FW3295735.SRDUP, 18.56%, 07/20/2027 (a)(j)	Upstart		07/25/2022		39,372		39,372		39,095
FW3295796.SRDUP, 22.23%, 07/20/2027 (a)(j)	Upstart		07/25/2022		10,695		10,695		10,578
FW3295797.SRDUP, 23.54%, 07/20/2025 (a)(j)	Upstart		07/25/2022		8,942		8,942		8,833
FW3295818.SRDUP, 13.96%, 07/20/2027 (a)(j)	Upstart		07/25/2022		4,825		4,825		4,798
FW3295830.SRDUP, 24.97%, 07/20/2027 (a)(j)	Upstart		07/25/2022		13,057		13,057		12,945
FW3295846.SRDUP, 25.39%, 07/20/2027 (a)(j)	Upstart		07/25/2022		4,874		4,874		4,820
FW3296068.SRDUP, 29.7%, 07/20/2027 (a)(j)(k)	Upstart		07/25/2022		3,747		3,747		3,583
FW3296151.SRDUP, 19.76%, 07/20/2027 (a)(j)	Upstart		07/25/2022		4,366		4,366		4,328
FW3296166.SRDUP, 29.81%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,076		1,076		1,064
FW3296173.SRDUP, 30.01%, 07/20/2027 (a)(j)	Upstart		07/25/2022		3,130		3,130		3,103
FW3296181.SRDUP, 29.55%, 07/20/2027 (a)(j)	Upstart		07/25/2022		978		978		967
FW3296332.SRDUP, 19.23%, 07/20/2027 (a)(j)	Upstart		07/25/2022		16,293		16,293		16,200
FW3296348.SRDUP, 15.38%, 07/21/2027 (a)(j)	Upstart		07/26/2022		21,260		21,260		21,143
FW3296373.SRDUP, 15.48%, 07/20/2027 (a)(j)	Upstart		07/25/2022		3,274		3,274		3,252
FW3296412.SRDUP, 24.47%, 07/20/2027 (a)(j)	Upstart		07/25/2022		4,804		4,804		4,738
FW3296419.SRDUP, 20.41%, 07/20/2027 (a)(j)	Upstart		07/25/2022		14,077		14,077		13,952
FW3296429.SRDUP, 29.12%, 07/20/2027 (a)(j)	Upstart		07/25/2022		2,835		2,835		2,810
FW3296453.SRDUP, 29.73%, 07/20/2027 (a)(j)	Upstart		07/25/2022		2,053		2,053		2,036
FW3296535.SRDUP, 29.72%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,076		1,076		1,066
FW3296562.SRDUP, 30.02%, 07/21/2027 (a)(j)	Upstart		07/26/2022		4,401		4,401		4,365
FW3296700.SRDUP, 21.85%, 07/21/2025 (a)(j)	Upstart		07/26/2022		1,410		1,410		1,396
FW3296885.SRDUP, 29.91%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,071		1,071		1,059
FW3296937.SRDUP, 25.12%, 07/21/2027 (a)(j)	Upstart		07/26/2022		17,542		17,542		17,355
FW3297103.SRDUP, 18.69%, 07/22/2027 (a)(j)	Upstart		07/27/2022		9,590		9,590		9,527
FW3297289.SRDUP, 29.73%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,956		1,956		1,940
FW3297539.SRDUP, 30.06%, 07/21/2027 (a)(j)(k)	Upstart		07/26/2022		2,663		2,663		2,548
FW3297600.SRDUP, 24%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,363		1,363		1,349
FW3297752.SRDUP, 29.53%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,173		1,173		1,164
FW3297758.SRDUP, 24.59%, 07/22/2025 (a)(j)(k)	Upstart		07/27/2022		11,066		11,066		10,567
FW3298130.SRDUP, 10.14%, 07/21/2027 (a)(j)	Upstart		07/26/2022		17,303		17,303		17,278
FW3298144.SRDUP, 24.93%, 07/21/2027 (a)(j)	Upstart		07/26/2022		5,457		5,457		5,399
FW3298166.SRDUP, 29.2%, 07/21/2027 (a)(j)	Upstart		07/26/2022		977		977		964
FW3298181.SRDUP, 24.33%, 07/21/2027 (a)(j)	Upstart		07/26/2022		24,382		24,382		24,124
FW3298214.SRDUP, 30.04%, 07/21/2027 (a)(j)	Upstart		07/26/2022		2,054		2,054		2,037
FW3298264.SRDUP, 28.85%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,466		1,466		1,454
FW3298271.SRDUP, 29.2%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,662		1,662		1,648
FW3298285.SRDUP, 17.19%, 07/21/2027 (a)(j)	Upstart		07/26/2022		5,390		5,390		5,353
FW3298288.SRDUP, 21.61%, 07/21/2027 (a)(j)	Upstart		07/26/2022		2,915		2,915		2,890
FW3298294.SRDUP, 29.06%, 07/21/2027 (a)(j)	Upstart		07/26/2022		6,549		6,549		6,495
FW3298299.SRDUP, 23.38%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,607		1,607		1,586
FW3298305.SRDUP, 26.79%, 07/21/2025 (a)(j)	Upstart		07/26/2022		2,833		2,833		2,799
FW3298309.SRDUP, 23.61%, 07/21/2025 (a)(j)	Upstart		07/26/2022		2,355		2,355		2,333
FW3298360.SRDUP, 17.54%, 07/21/2027 (a)(j)	Upstart		07/26/2022		14,525		14,525		14,445
FW3298378.SRDUP, 29.87%, 07/21/2027 (a)(j)(k)	Upstart		07/26/2022		1,895		1,895		1,817
FW3298386.SRDUP, 29.84%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,369		1,369		1,358
FW3298397.SRDUP, 24.94%, 07/21/2025 (a)(j)	Upstart		07/26/2022		1,569		1,569		1,547
FW3298419.SRDUP, 9.73%, 07/21/2027 (a)(j)	Upstart		07/26/2022		5,760		5,760		5,750
FW3298427.SRDUP, 30%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,760		1,760		1,746
FW3298464.SRDUP, 24.8%, 07/21/2027 (a)(j)	Upstart		07/26/2022		7,794		7,794		7,712
FW3298471.SRDUP, 16.19%, 07/21/2025 (a)(j)	Upstart		07/26/2022		6,538		6,538		6,501
FW3298481.SRDUP, 30.03%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,162		1,162		1,151

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

82

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3298486.SRDUP, 24.13%, 07/21/2027 (a)(j)	Upstart		07/26/2022	$	2,434	$	2,434	$	2,409
FW3298488.SRDUP, 29.77%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,173		1,173		1,164
FW3298491.SRDUP, 29.83%, 07/21/2027 (a)(j)	Upstart		07/26/2022		3,912		3,912		3,880
FW3298492.SRDUP, 23.33%, 07/21/2025 (a)(j)	Upstart		07/26/2022		4,702		4,702		4,653
FW3298502.SRDUP, 29.84%, 07/21/2027 (a)(j)	Upstart		07/26/2022		2,054		2,054		2,032
FW3298513.SRDUP, 16.72%, 07/21/2025 (a)(j)	Upstart		07/26/2022		1,400		1,400		1,392
FW3298516.SRDUP, 29.65%, 07/21/2027 (a)(j)	Upstart		07/26/2022		2,249		2,249		2,231
FW3298519.SRDUP, 24%, 07/21/2025 (a)(j)	Upstart		07/26/2022		2,355		2,355		2,332
FW3298523.SRDUP, 25.54%, 07/21/2027 (a)(j)	Upstart		07/26/2022		975		975		964
FW3298539.SRDUP, 9.98%, 07/21/2027 (a)(j)	Upstart		07/26/2022		8,539		8,539		8,523
FW3298544.SRDUP, 26.53%, 07/21/2027 (a)(j)	Upstart		07/26/2022		3,875		3,875		3,824
FW3298546.SRDUP, 30.05%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,257		1,257		1,245
FW3298602.SRDUP, 30.06%, 07/21/2027 (a)(j)	Upstart		07/26/2022		2,121		2,121		2,101
FW3298605.SRDUP, 29.81%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,076		1,076		1,067
FW3298624.SRDUP, 29.97%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,369		1,369		1,358
FW3298628.SRDUP, 27.77%, 07/21/2027 (a)(j)	Upstart		07/26/2022		5,468		5,468		5,424
FW3298637.SRDUP, 24.42%, 07/21/2027 (a)(j)	Upstart		07/26/2022		9,740		9,740		9,661
FW3298641.SRDUP, 29.65%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,177		1,177		1,119
FW3298666.SRDUP, 29.92%, 07/21/2027 (a)(j)	Upstart		07/26/2022		9,193		9,193		9,118
FW3298675.SRDUP, 23.45%, 07/21/2025 (a)(j)(k)	Upstart		07/26/2022		3,005		3,005		2,864
FW3298683.SRDUP, 23.34%, 07/21/2027 (a)(j)	Upstart		07/26/2022		9,688		9,688		9,562
FW3298685.SRDUP, 17.06%, 07/21/2027 (a)(j)	Upstart		07/26/2022		5,146		5,146		5,109
FW3298714.SRDUP, 11.53%, 07/21/2025 (a)(j)	Upstart		07/26/2022		7,807		7,807		7,770
FW3299898.SRDUP, 23.69%, 07/25/2027 (a)(j)	Upstart		07/28/2022		6,133		6,133		6,076
FW3300246.SRDUP, 29.71%, 07/22/2027 (a)(j)	Upstart		07/27/2022		3,440		3,440		3,414
FW3300534.SRDUP, 29.83%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,174		1,174		1,164
FW3300721.SRDUP, 28.35%, 07/22/2027 (a)(j)	Upstart		07/27/2022		977		977		969
FW3301039.SRDUP, 27.45%, 07/22/2025 (a)(j)	Upstart		07/27/2022		6,613		6,613		6,539
FW3301047.SRDUP, 28.82%, 12/22/2027 (a)(j)(k)	Upstart		07/27/2022		1,091		1,091		1,083
FW3301370.SRDUP, 29.76%, 07/22/2027 (a)(j)	Upstart		07/27/2022		5,867		5,867		5,822
FW3301471.SRDUP, 28.94%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,523		1,523		1,505
FW3301508.SRDUP, 28.79%, 07/22/2027 (a)(j)(k)	Upstart		07/27/2022		2,400		2,400		870
FW3301527.SRDUP, 25.51%, 07/22/2027 (a)(j)	Upstart		07/27/2022		5,654		5,654		5,596
FW3301605.SRDUP, 18.56%, 07/22/2027 (a)(j)	Upstart		07/27/2022		3,392		3,392		3,374
FW3301624.SRDUP, 29.92%, 07/22/2027 (a)(j)	Upstart		07/27/2022		978		978		970
FW3301691.SRDUP, 30.02%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,076		1,076		1,067
FW3301765.SRDUP, 22.39%, 07/22/2027 (a)(j)	Upstart		07/27/2022		4,376		4,376		4,331
FW3301788.SRDUP, 29.88%, 07/22/2027 (a)(j)	Upstart		07/27/2022		8,255		8,255		8,181
FW3301790.SRDUP, 19.3%, 07/22/2025 (a)(j)	Upstart		07/27/2022		1,835		1,835		1,816
FW3301807.SRDUP, 29.91%, 07/22/2027 (a)(j)	Upstart		07/27/2022		4,205		4,205		4,173
FW3301848.SRDUP, 29.95%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,054		2,054		2,038
FW3301899.SRDUP, 28.79%, 07/22/2027 (a)(j)	Upstart		07/27/2022		4,886		4,886		4,848
FW3301910.SRDUP, 27.83%, 07/22/2027 (a)(j)	Upstart		07/27/2022		11,319		11,319		11,223
FW3301944.SRDUP, 29.98%, 07/22/2027 (a)(j)	Upstart		07/27/2022		7,824		7,824		7,763
FW3301958.SRDUP, 29.24%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,444		2,444		2,419
FW3301977.SRDUP, 28.81%, 07/22/2027 (a)(j)	Upstart		07/27/2022		21,773		21,773		21,588
FW3301997.SRDUP, 26.62%, 07/22/2027 (a)(j)	Upstart		07/27/2022		3,006		3,006		2,979
FW3302004.SRDUP, 18.8%, 07/22/2027 (a)(j)(k)	Upstart		07/27/2022		3,919		3,919		3,722
FW3302019.SRDUP, 27.78%, 07/22/2027 (a)(j)	Upstart		07/27/2022		4,882		4,882		4,832
FW3302025.SRDUP, 17.64%, 07/22/2025 (a)(j)	Upstart		07/27/2022		46,781		46,781		46,530
FW3302029.SRDUP, 28.29%, 07/22/2027 (a)(j)	Upstart		07/27/2022		3,907		3,907		3,877
FW3302033.SRDUP, 29.73%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,369		1,369		1,358
FW3302043.SRDUP, 30.03%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,527		2,527		2,505
FW3302058.SRDUP, 27.46%, 07/22/2025 (a)(j)	Upstart		07/27/2022		4,440		4,440		4,400
FW3302121.SRDUP, 22.42%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,039		2,039		2,017
FW3302143.SRDUP, 17.39%, 07/22/2025 (a)(j)	Upstart		07/27/2022		2,737		2,737		2,720
FW3302152.SRDUP, 30.03%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,174		1,174		1,165

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

83

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3302178.SRDUP, 20.72%, 07/22/2027 (a)(j)	Upstart		07/27/2022	$	21,523	$	21,523	$	21,380
FW3302202.SRDUP, 14.18%, 07/22/2025 (a)(j)	Upstart		07/27/2022		1,398		1,398		1,392
FW3302207.SRDUP, 27.21%, 07/22/2027 (a)(j)	Upstart		07/27/2022		27,135		27,135		26,925
FW3302283.SRDUP, 28.13%, 07/22/2027 (a)(j)(k)	Upstart		07/27/2022		6,404		6,404		6,106
FW3302296.SRDUP, 27.44%, 07/22/2027 (a)(j)(k)	Upstart		07/27/2022		14,706		14,706		14,057
FW3302374.SRDUP, 26.96%, 07/22/2027 (a)(j)	Upstart		07/27/2022		18,152		18,152		18,011
FW3302387.SRDUP, 29.52%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,241		2,241		2,221
FW3302388.SRDUP, 23.22%, 07/22/2027 (a)(j)	Upstart		07/27/2022		13,428		13,428		13,290
FW3302408.SRDUP, 21.3%, 07/22/2025 (a)(j)	Upstart		07/27/2022		14,087		14,087		13,959
FW3302465.SRDUP, 29.11%, 07/22/2027 (a)(j)	Upstart		07/27/2022		14,564		14,564		14,451
FW3302502.SRDUP, 29.44%, 07/22/2027 (a)(j)	Upstart		07/27/2022		14,665		14,665		14,551
FW3302517.SRDUP, 21.29%, 07/22/2027 (a)(j)	Upstart		07/27/2022		19,431		19,431		19,270
FW3302534.SRDUP, 17.73%, 07/22/2025 (a)(j)	Upstart		07/27/2022		936		936		931
FW3302563.SRDUP, 16.9%, 07/22/2027 (a)(j)(k)	Upstart		07/27/2022		6,470		6,470		6,263
FW3302569.SRDUP, 20.53%, 07/22/2025 (a)(j)	Upstart		07/27/2022		1,145		1,145		1,130
FW3302576.SRDUP, 23.4%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,238		2,238		2,215
FW3302594.SRDUP, 27.14%, 07/22/2027 (a)(j)	Upstart		07/27/2022		19,477		19,477		19,311
FW3302613.SRDUP, 19.85%, 07/22/2025 (a)(j)	Upstart		07/27/2022		4,689		4,689		4,646
FW3302659.SRDUP, 28.21%, 07/22/2027 (a)(j)	Upstart		07/27/2022		5,372		5,372		5,331
FW3302687.SRDUP, 12.86%, 07/22/2027 (a)(j)	Upstart		07/27/2022		25,017		25,017		24,918
FW3302688.SRDUP, 29.82%, 07/22/2027 (a)(j)	Upstart		07/27/2022		8		8		8
FW3302704.SRDUP, 25.78%, 07/22/2027 (a)(j)	Upstart		07/27/2022		10,970		10,970		10,859
FW3302708.SRDUP, 17.05%, 07/22/2027 (a)(j)	Upstart		07/27/2022		4,839		4,839		4,814
FW3302733.SRDUP, 26.1%, 07/22/2027 (a)(j)(k)	Upstart		07/27/2022		5,511		5,530		5,255
FW3302761.SRDUP, 29.97%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		1,853		1,853		1,839
FW3302762.SRDUP, 29.97%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,565		1,565		1,553
FW3302793.SRDUP, 29.58%, 07/22/2027 (a)(j)	Upstart		07/27/2022		3,911		3,911		3,881
FW3302804.SRDUP, 14.21%, 07/22/2027 (a)(j)	Upstart		07/27/2022		24,132		24,132		24,003
FW3302814.SRDUP, 30.04%, 07/22/2027 (a)(j)	Upstart		07/27/2022		12,226		12,226		12,100
FW3302820.SRDUP, 24.27%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,240		2,240		2,217
FW3302855.SRDUP, 27.05%, 07/22/2025 (a)(j)	Upstart		07/27/2022		1,889		1,889		1,868
FW3302856.SRDUP, 29.85%, 07/22/2027 (a)(j)	Upstart		07/27/2022		8,121		8,121		8,037
FW3302922.SRDUP, 29.9%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,271		1,271		1,261
FW3302940.SRDUP, 27.54%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,953		1,953		1,937
FW3302947.SRDUP, 26.6%, 07/22/2027 (a)(j)	Upstart		07/27/2022		4,852		4,852		4,809
FW3302964.SRDUP, 26.13%, 07/22/2027 (a)(j)	Upstart		07/27/2022		9,753		9,753		9,677
FW3302981.SRDUP, 25.78%, 07/22/2027 (a)(j)	Upstart		07/27/2022		3,510		3,510		3,483
FW3303019.SRDUP, 20.74%, 07/25/2027 (a)(j)	Upstart		07/28/2022		6,777		6,777		6,714
FW3303054.SRDUP, 29.66%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,415		1,415		1,398
FW3303065.SRDUP, 16.37%, 07/22/2027 (a)(j)	Upstart		07/27/2022		6,771		6,771		6,735
FW3303089.SRDUP, 18.18%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,907		2,907		2,891
FW3303142.SRDUP, 30.06%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,250		2,250		2,232
FW3303161.SRDUP, 27.41%, 07/22/2025 (a)(j)	Upstart		07/27/2022		2,929		2,929		2,896
FW3303183.SRDUP, 30.04%, 07/22/2027 (a)(j)	Upstart		07/27/2022		3,325		3,325		3,300
FW3303203.SRDUP, 26.65%, 07/22/2027 (a)(j)	Upstart		07/27/2022		4,878		4,878		4,841
FW3303253.SRDUP, 22.53%, 07/22/2027 (a)(j)	Upstart		07/27/2022		3,291		3,291		3,258
FW3303255.SRDUP, 28.52%, 07/22/2027 (a)(j)(k)	Upstart		07/27/2022		12,216		12,216		11,722
FW3303289.SRDUP, 24.61%, 07/22/2025 (a)(j)	Upstart		07/27/2022		942		942		934
FW3303333.SRDUP, 22.45%, 07/22/2027 (a)(j)	Upstart		07/27/2022		21,394		21,394		21,175
FW3303338.SRDUP, 29.27%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,955		1,955		1,940
FW3303383.SRDUP, 29.28%, 07/22/2027 (a)(j)	Upstart		07/27/2022		4,790		4,790		4,741
FW3303671.SRDUP, 23.82%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,460		1,460		1,453
FW3304498.SRDUP, 13.39%, 07/27/2027 (a)(j)	Upstart		08/01/2022		10,743		10,743		10,705
FW3304515.SRDUP, 29.45%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		1,600		1,600		1,595
FW3304525.SRDUP, 13.71%, 07/25/2025 (a)(j)	Upstart		07/28/2022		6,522		6,522		6,494
FW3304530.SRDUP, 26%, 07/25/2025 (a)(j)	Upstart		07/28/2022		2,984		2,984		2,949
FW3304565.SRDUP, 17.02%, 07/25/2027 (a)(j)	Upstart		07/28/2022		9,679		9,679		9,632

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

84

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3304599.SRDUP, 29.9%, 07/25/2027 (a)(j)	Upstart		07/28/2022	$	1,076	$	1,076	$	1,069
FW3304627.SRDUP, 21.27%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		1,126		1,126		1,119
FW3304678.SRDUP, 22.28%, 07/25/2027 (a)(j)	Upstart		07/28/2022		18,474		18,474		18,304
FW3304684.SRDUP, 24.32%, 07/25/2027 (a)(j)	Upstart		07/28/2022		6,302		6,302		6,229
FW3304697.SRDUP, 29.98%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,467		1,467		1,458
FW3304771.SRDUP, 20.26%, 07/25/2027 (a)(j)	Upstart		07/28/2022		5,436		5,436		5,395
FW3304773.SRDUP, 30.01%, 07/25/2027 (a)(j)	Upstart		07/28/2022		2,671		2,671		2,665
FW3304997.SRDUP, 18.36%, 07/25/2025 (a)(j)(k)	Upstart		07/28/2022		5,785		5,785		5,752
FW3305012.SRDUP, 29.8%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,355		1,355		1,339
FW3305015.SRDUP, 24.56%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,345		1,345		1,331
FW3305037.SRDUP, 29.85%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,362		1,362		1,348
FW3305094.SRDUP, 27.38%, 07/25/2027 (a)(j)	Upstart		07/28/2022		9,762		9,795		9,699
FW3305173.SRDUP, 29.89%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,467		1,467		1,457
FW3305175.SRDUP, 29.64%, 07/25/2027 (a)(j)	Upstart		07/28/2022		2,836		2,836		2,817
FW3305205.SRDUP, 29.65%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,076		1,079		1,069
FW3305215.SRDUP, 25.94%, 07/25/2027 (a)(j)	Upstart		07/28/2022		3,901		3,901		3,875
FW3305224.SRDUP, 26.42%, 07/25/2027 (a)(j)	Upstart		07/28/2022		6,520		6,520		6,472
FW3305228.SRDUP, 24.48%, 07/25/2027 (a)(j)	Upstart		07/28/2022		19,481		19,481		19,302
FW3305247.SRDUP, 22.75%, 07/25/2027 (a)(j)	Upstart		07/28/2022		11,672		11,672		11,616
FW3305296.SRDUP, 30.06%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,369		1,369		1,360
FW3305303.SRDUP, 16.76%, 07/25/2027 (a)(j)	Upstart		07/28/2022		32,364		32,364		32,257
FW3305335.SRDUP, 30.04%, 07/25/2027 (a)(j)	Upstart		07/28/2022		5,086		5,086		5,053
FW3305337.SRDUP, 25.56%, 07/25/2027 (a)(j)	Upstart		07/28/2022		15,598		15,598		15,454
FW3305359.SRDUP, 29.63%, 07/25/2027 (a)(j)	Upstart		07/28/2022		2,046		2,046		2,031
FW3305370.SRDUP, 25.89%, 07/25/2027 (a)(j)	Upstart		07/28/2022		2,243		2,243		2,228
FW3305428.SRDUP, 30.04%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,565		1,565		1,555
FW3305435.SRDUP, 29.32%, 07/25/2027 (a)(j)	Upstart		07/28/2022		4,106		4,106		4,079
FW3305447.SRDUP, 17.58%, 07/25/2027 (a)(j)	Upstart		07/28/2022		5,423		5,423		5,397
FW3305451.SRDUP, 15.13%, 07/25/2027 (a)(j)	Upstart		07/28/2022		9,619		9,619		9,561
FW3305493.SRDUP, 27.6%, 07/25/2027 (a)(j)	Upstart		07/28/2022		6,827		6,827		6,778
FW3305510.SRDUP, 28.18%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		15,667		15,667		15,569
FW3305512.SRDUP, 24.02%, 07/25/2027 (a)(j)	Upstart		07/28/2022		2,434		2,434		2,412
FW3305551.SRDUP, 26.59%, 07/25/2027 (a)(j)	Upstart		07/28/2022		2,801		2,801		2,768
FW3305570.SRDUP, 27.56%, 07/25/2027 (a)(j)	Upstart		07/28/2022		19,341		19,341		19,190
FW3305624.SRDUP, 28.68%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,954		1,954		1,942
FW3305654.SRDUP, 14.13%, 07/25/2027 (a)(j)	Upstart		07/28/2022		48,237		48,237		47,950
FW3305698.SRDUP, 26.31%, 07/25/2027 (a)(j)	Upstart		07/28/2022		13,071		13,071		12,950
FW3305714.SRDUP, 19.72%, 07/25/2027 (a)(j)	Upstart		07/28/2022		25,279		25,279		25,047
FW3305720.SRDUP, 22.37%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		11,139		11,177		11,112
FW3305743.SRDUP, 14.93%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,639		1,639		1,633
FW3305845.SRDUP, 24.69%, 07/25/2027 (a)(j)	Upstart		07/28/2022		22,894		22,894		22,683
FW3308055.SRDUP, 27.97%, 07/26/2027 (a)(j)	Upstart		07/29/2022		3,363		3,363		3,338
FW3308699.SRDUP, 10.39%, 07/26/2027 (a)(j)	Upstart		07/29/2022		48,077		48,077		48,018
FW3308938.SRDUP, 18.94%, 07/26/2027 (a)(j)	Upstart		07/29/2022		6,477		6,477		6,439
FW3308999.SRDUP, 18.4%, 07/26/2027 (a)(j)	Upstart		07/29/2022		48,454		48,454		48,228
FW3309430.SRDUP, 30.02%, 07/26/2027 (a)(j)	Upstart		07/29/2022		2,934		2,934		2,916
FW3309519.SRDUP, 29.75%, 07/26/2027 (a)(j)	Upstart		07/29/2022		2,249		2,249		2,235
FW3309589.SRDUP, 29.95%, 07/26/2027 (a)(j)	Upstart		07/29/2022		4,401		4,401		4,362
FW3309638.SRDUP, 29.61%, 07/26/2027 (a)(j)	Upstart		07/29/2022		3,227		3,227		3,207
FW3309677.SRDUP, 29.2%, 07/26/2027 (a)(j)	Upstart		07/29/2022		3,617		3,617		3,585
FW3309698.SRDUP, 23.08%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,654		1,654		1,639
FW3309707.SRDUP, 25.32%, 07/26/2027 (a)(j)	Upstart		07/29/2022		2,437		2,437		2,422
FW3309708.SRDUP, 25.54%, 07/26/2027 (a)(j)	Upstart		07/29/2022		7,598		7,598		7,577
FW3309744.SRDUP, 29.94%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		2,071		2,071		2,060
FW3309749.SRDUP, 29.42%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,173		1,173		1,166
FW3309752.SRDUP, 27.05%, 07/26/2027 (a)(j)	Upstart		07/29/2022		5,801		5,801		5,758
FW3309772.SRDUP, 29.35%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		2,681		2,681		978

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

85

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3309784.SRDUP, 27.45%, 07/26/2027 (a)(j)	Upstart		07/29/2022	$	8,730	$	8,730	$	8,667
FW3309804.SRDUP, 29.62%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,467		1,467		1,458
FW3309830.SRDUP, 14.7%, 07/26/2027 (a)(j)	Upstart		07/29/2022		6,752		6,752		6,712
FW3309860.SRDUP, 12.57%, 07/26/2027 (a)(j)	Upstart		07/29/2022		19,274		19,274		19,220
FW3309864.SRDUP, 19.92%, 07/26/2027 (a)(j)	Upstart		07/29/2022		11,651		11,651		11,568
FW3309870.SRDUP, 21.93%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,555		1,555		1,544
FW3309906.SRDUP, 25.5%, 07/26/2027 (a)(j)	Upstart		07/29/2022		19,497		19,563		19,379
FW3309963.SRDUP, 16.93%, 07/26/2027 (a)(j)	Upstart		07/29/2022		16,162		16,217		16,086
FW3309965.SRDUP, 29.97%, 07/26/2027 (a)(j)	Upstart		07/29/2022		5,281		5,281		5,249
FW3309981.SRDUP, 30.05%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		4,536		4,536		4,513
FW3309999.SRDUP, 29.2%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		5,984		5,984		5,914
FW3310027.SRDUP, 29.97%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		1,470		1,470		518
FW3310063.SRDUP, 29.03%, 07/26/2027 (a)(j)	Upstart		07/29/2022		19,532		19,532		19,400
FW3310091.SRDUP, 29.87%, 07/26/2027 (a)(j)	Upstart		07/29/2022		4,303		4,303		4,277
FW3310146.SRDUP, 29.84%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,760		1,760		1,750
FW3310157.SRDUP, 29.13%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,368		1,373		1,360
FW3310219.SRDUP, 28.22%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,161		1,161		1,152
FW3310226.SRDUP, 15.16%, 07/26/2027 (a)(j)	Upstart		07/29/2022		3,381		3,381		3,365
FW3310343.SRDUP, 30.05%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		3,746		3,746		1,365
FW3310413.SRDUP, 29.28%, 07/26/2027 (a)(j)	Upstart		07/29/2022		165		165		165
FW3310464.SRDUP, 29.85%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,449		1,449		1,438
FW3310465.SRDUP, 29.8%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		1,886		1,886		1,881
FW3310524.SRDUP, 13.89%, 07/26/2027 (a)(j)	Upstart		07/29/2022		4,342		4,342		4,322
FW3310529.SRDUP, 29.89%, 07/26/2027 (a)(j)	Upstart		07/29/2022		2,249		2,249		2,229
FW3310561.SRDUP, 28.85%, 07/26/2027 (a)(j)	Upstart		07/29/2022		2,248		2,248		2,234
FW3310566.SRDUP, 24.9%, 07/26/2027 (a)(j)	Upstart		07/29/2022		2,241		2,241		2,225
FW3310610.SRDUP, 26.76%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		6,000		6,000		2,117
FW3310624.SRDUP, 14.42%, 07/26/2027 (a)(j)	Upstart		07/29/2022		41,867		41,867		41,623
FW3310642.SRDUP, 30.06%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,663		1,663		1,653
FW3310700.SRDUP, 14.47%, 07/26/2027 (a)(j)	Upstart		07/29/2022		5,407		5,407		5,382
FW3310737.SRDUP, 29.9%, 08/09/2027 (a)(j)	Upstart		08/12/2022		13,010		12,627		12,904
FW3310751.SRDUP, 17.51%, 07/26/2027 (a)(j)	Upstart		07/29/2022		4,839		4,855		4,811
FW3310783.SRDUP, 29.9%, 07/26/2027 (a)(j)	Upstart		07/29/2022		3,207		3,207		3,184
FW3310815.SRDUP, 29.68%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,076		1,076		1,069
FW3310825.SRDUP, 29.66%, 07/26/2027 (a)(j)	Upstart		07/29/2022		6,425		6,447		6,374
FW3310837.SRDUP, 25.22%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		24,568		24,568		24,352
FW3310844.SRDUP, 11.2%, 07/26/2027 (a)(j)	Upstart		07/29/2022		5,389		5,389		5,383
FW3310852.SRDUP, 29.35%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		1,100		1,100		248
FW3310867.SRDUP, 27.49%, 07/27/2025 (a)(j)	Upstart		08/01/2022		1,228		1,228		1,217
FW3310883.SRDUP, 27.31%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,172		1,175		1,165
FW3310909.SRDUP, 27.36%, 07/27/2027 (a)(j)	Upstart		08/01/2022		2,929		2,929		2,912
FW3310939.SRDUP, 23.96%, 07/26/2027 (a)(j)	Upstart		07/29/2022		4,365		4,365		4,309
FW3310959.SRDUP, 29.54%, 07/26/2027 (a)(j)	Upstart		07/29/2022		17,599		17,599		17,492
FW3310966.SRDUP, 16.27%, 07/26/2027 (a)(j)	Upstart		07/29/2022		7,738		7,738		7,701
FW3310967.SRDUP, 29.6%, 07/26/2027 (a)(j)	Upstart		07/29/2022		29,333		29,333		29,155
FW3311024.SRDUP, 30.01%, 07/26/2027 (a)(j)	Upstart		07/29/2022		33,449		33,449		33,247
FW3311027.SRDUP, 16.76%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		27,409		27,409		27,322
FW3311078.SRDUP, 20.73%, 07/26/2025 (a)(j)	Upstart		07/29/2022		3,191		3,191		3,167
FW3311082.SRDUP, 29.51%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		3,927		3,927		3,902
FW3311398.SRDUP, 30.07%, 07/27/2027 (a)(j)(k)	Upstart		08/01/2022		9,336		9,336		3,426
FW3311652.SRDUP, 30.03%, 07/27/2027 (a)(j)	Upstart		08/01/2022		16,607		16,607		16,494
FW3311803.SRDUP, 27.98%, 07/27/2027 (a)(j)	Upstart		08/01/2022		1,563		1,563		1,554
FW3311812.SRDUP, 29.83%, 07/27/2027 (a)(j)	Upstart		08/01/2022		1,339		1,339		1,328
FW3311940.SRDUP, 26.74%, 07/27/2025 (a)(j)	Upstart		08/01/2022		1,039		1,039		1,029
FW3311979.SRDUP, 29.5%, 07/27/2027 (a)(j)	Upstart		08/01/2022		1,451		1,451		1,435
FW3312074.SRDUP, 19.02%, 07/27/2027 (a)(j)	Upstart		08/01/2022		44,384		44,384		44,004
FW3312100.SRDUP, 29.81%, 07/27/2027 (a)(j)	Upstart		08/01/2022		3,053		3,053		3,018

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

86

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3312119.SRDUP, 29.92%, 07/27/2027 (a)(j)	Upstart		08/01/2022	$	1,956	$	1,956	$	1,945
FW3312129.SRDUP, 16.47%, 07/27/2027 (a)(j)	Upstart		08/01/2022		2,418		2,418		2,408
FW3312131.SRDUP, 24.54%, 07/27/2027 (a)(j)(k)	Upstart		08/01/2022		5,617		5,617		5,591
FW3312146.SRDUP, 12.49%, 07/27/2027 (a)(j)(k)	Upstart		08/01/2022		5,443		5,443		5,428
FW3312147.SRDUP, 29.83%, 07/27/2027 (a)(j)	Upstart		08/01/2022		2,636		2,636		2,620
FW3312151.SRDUP, 29.86%, 07/27/2027 (a)(j)	Upstart		08/01/2022		4,695		4,695		4,668
FW3312164.SRDUP, 29.79%, 07/27/2027 (a)(j)	Upstart		08/01/2022		8,312		8,312		8,265
FW3312218.SRDUP, 29.64%, 07/27/2027 (a)(j)	Upstart		08/01/2022		1,890		1,890		1,875
FW3312219.SRDUP, 25.23%, 07/27/2025 (a)(j)	Upstart		08/01/2022		3,205		3,205		3,177
FW3312228.SRDUP, 28.4%, 07/27/2027 (a)(j)	Upstart		08/01/2022		6,839		6,839		6,800
FW3312235.SRDUP, 19.25%, 07/27/2027 (a)(j)	Upstart		08/01/2022		4,849		4,849		4,816
FW3312238.SRDUP, 27.09%, 07/27/2027 (a)(j)	Upstart		08/01/2022		9,760		9,760		9,693
FW3312315.SRDUP, 29.97%, 07/27/2027 (a)(j)	Upstart		08/01/2022		2,641		2,641		2,626
FW3312345.SRDUP, 23.99%, 07/27/2027 (a)(j)	Upstart		08/01/2022		9,737		9,737		9,654
FW3312370.SRDUP, 29.17%, 07/27/2027 (a)(j)	Upstart		08/01/2022		4,385		4,400		4,342
FW3312405.SRDUP, 19.15%, 07/27/2027 (a)(j)	Upstart		08/01/2022		9,697		9,697		9,631
FW3312406.SRDUP, 15.1%, 07/27/2027 (a)(j)(k)	Upstart		08/01/2022		4,447		4,447		4,435
FW3312420.SRDUP, 29.93%, 07/27/2027 (a)(j)	Upstart		08/01/2022		978		978		972
FW3312437.SRDUP, 29.29%, 07/27/2027 (a)(j)	Upstart		08/01/2022		2,621		2,621		2,603
FW3312467.SRDUP, 20.17%, 07/27/2027 (a)(j)	Upstart		08/01/2022		11,843		11,843		11,790
FW3312496.SRDUP, 28.76%, 07/27/2027 (a)(j)	Upstart		08/01/2022		2,829		2,829		2,811
FW3312527.SRDUP, 22.46%, 07/27/2027 (a)(j)(k)	Upstart		08/01/2022		1,964		1,964		1,948
FW3312539.SRDUP, 18.94%, 07/27/2027 (a)(j)	Upstart		08/01/2022		9,695		9,695		9,629
FW3312551.SRDUP, 21.88%, 07/27/2025 (a)(j)(k)	Upstart		08/01/2022		2,931		2,931		1,016
FW3312556.SRDUP, 25.85%, 07/27/2027 (a)(j)	Upstart		08/01/2022		10,921		10,921		10,860
FW3312687.SRDUP, 12.84%, 07/27/2025 (a)(j)	Upstart		08/01/2022		11,169		11,169		11,125
FW3312693.SRDUP, 29.92%, 07/27/2027 (a)(j)	Upstart		08/01/2022		4,597		4,597		4,571
FW3312723.SRDUP, 14.45%, 07/27/2027 (a)(j)	Upstart		08/01/2022		9,655		9,655		9,629
FW3312739.SRDUP, 22.49%, 07/27/2027 (a)(j)	Upstart		08/01/2022		4,863		4,863		4,829
FW3312742.SRDUP, 26.16%, 07/27/2027 (a)(j)	Upstart		08/01/2022		12,679		12,679		12,592
FW3312758.SRDUP, 25.16%, 07/27/2027 (a)(j)	Upstart		08/01/2022		1,754		1,754		1,744
FW3312768.SRDUP, 26.81%, 07/27/2025 (a)(j)	Upstart		08/01/2022		3,399		3,399		3,369
FW3312868.SRDUP, 21.62%, 07/27/2027 (a)(j)	Upstart		08/01/2022		7,289		7,289		7,239
FW3312880.SRDUP, 29.78%, 07/27/2027 (a)(j)	Upstart		08/01/2022		1,565		1,565		1,558
FW3312883.SRDUP, 26.26%, 07/27/2027 (a)(j)	Upstart		08/01/2022		9,754		9,754		9,699
FW3312892.SRDUP, 22.39%, 07/27/2027 (a)(j)	Upstart		08/01/2022		2,723		2,723		2,700
FW3312918.SRDUP, 29.8%, 07/27/2027 (a)(j)(k)	Upstart		08/01/2022		11,023		11,023		10,961
FW3312926.SRDUP, 29.56%, 07/27/2027 (a)(j)	Upstart		08/01/2022		5,378		5,378		5,337
FW3312945.SRDUP, 12.26%, 07/27/2025 (a)(j)	Upstart		08/01/2022		1,579		1,579		1,571
FW3312949.SRDUP, 12.97%, 07/27/2027 (a)(j)	Upstart		08/01/2022		4,807		4,807		4,791
FW3316977.SRDUP, 25.55%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,950		2,863		2,904
FW3316990.SRDUP, 29.27%, 08/01/2027 (a)(j)(k)	Upstart		08/04/2022		2,871		2,785		2,828
FW3318619.SRDUP, 29.34%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,674		1,625		1,650
FW3319821.SRDUP, 29.74%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,281		1,243		1,261
FW3319830.SRDUP, 30.07%, 08/01/2027 (a)(j)	Upstart		08/04/2022		6,897		6,695		6,790
FW3319835.SRDUP, 30.05%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,281		1,244		1,261
FW3319843.SRDUP, 29.69%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,619		1,571		1,589
FW3319844.SRDUP, 25.54%, 08/01/2027 (a)(j)	Upstart		08/04/2022		13,765		13,362		13,562
FW3319846.SRDUP, 29.67%, 08/01/2027 (a)(j)	Upstart		08/04/2022		14,678		14,248		14,451
FW3319852.SRDUP, 18.95%, 08/01/2027 (a)(j)	Upstart		08/04/2022		4,898		4,756		4,841
FW3319854.SRDUP, 18.55%, 08/01/2027 (a)(j)	Upstart		08/04/2022		34,281		33,284		33,877
FW3319886.SRDUP, 26.46%, 08/01/2025 (a)(j)	Upstart		08/04/2022		1,300		1,263		1,272
FW3319891.SRDUP, 20.94%, 08/01/2025 (a)(j)	Upstart		08/04/2022		1,151		1,119		1,135
FW3319916.SRDUP, 29.04%, 08/01/2027 (a)(j)	Upstart		08/04/2022		4,924		4,780		4,848
FW3319926.SRDUP, 27.52%, 08/01/2027 (a)(j)	Upstart		08/04/2022		984		955		970
FW3319942.SRDUP, 28.69%, 08/01/2027 (a)(j)	Upstart		08/04/2022		3,446		3,345		3,393
FW3319965.SRDUP, 30.01%, 08/01/2027 (a)(j)	Upstart		08/04/2022		3,968		3,852		3,908

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

87

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3319970.SRDUP, 29.98%, 08/01/2027 (a)(j)	Upstart		08/04/2022	$	2,759	$	2,678	$	2,716
FW3319980.SRDUP, 30.04%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,872		1,817		1,849
FW3320007.SRDUP, 30.02%, 08/01/2027 (a)(j)(k)	Upstart		08/04/2022		986		956		644
FW3320011.SRDUP, 26.04%, 08/01/2027 (a)(j)	Upstart		08/04/2022		19,669		19,093		19,433
FW3320035.SRDUP, 26.13%, 08/01/2027 (a)(j)(k)	Upstart		08/04/2022		22,800		22,116		22,450
FW3320055.SRDUP, 20.18%, 08/01/2027 (a)(j)	Upstart		08/04/2022		17,647		17,133		17,438
FW3320059.SRDUP, 29.77%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,266		2,199		2,231
FW3320060.SRDUP, 25.75%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,232		2,167		2,195
FW3320064.SRDUP, 21.53%, 08/01/2027 (a)(j)	Upstart		08/04/2022		7,653		7,430		7,596
FW3320075.SRDUP, 26.11%, 08/01/2027 (a)(j)	Upstart		08/04/2022		5,507		5,346		5,423
FW3320086.SRDUP, 29.4%, 08/01/2027 (a)(j)	Upstart		08/04/2022		4,866		4,723		4,801
FW3320092.SRDUP, 26.51%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,216		2,151		2,178
FW3320104.SRDUP, 24.09%, 08/01/2027 (a)(j)	Upstart		08/04/2022		14,737		14,306		14,520
FW3320109.SRDUP, 17.83%, 08/01/2027 (a)(j)	Upstart		08/04/2022		12,152		11,789		12,065
FW3320131.SRDUP, 19.46%, 08/01/2027 (a)(j)	Upstart		08/04/2022		960		932		952
FW3320139.SRDUP, 25.88%, 08/01/2027 (a)(j)(k)	Upstart		08/04/2022		9,498		9,215		9,398
FW3320140.SRDUP, 22.82%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,452		1,410		1,431
FW3320176.SRDUP, 18.62%, 08/01/2027 (a)(j)	Upstart		08/04/2022		14,468		14,047		14,337
FW3320200.SRDUP, 29.91%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,562		2,486		2,522
FW3320202.SRDUP, 30.03%, 08/01/2027 (a)(j)	Upstart		08/04/2022		4,598		4,464		4,510
FW3320210.SRDUP, 29.72%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,675		1,631		1,649
FW3320223.SRDUP, 27.37%, 08/01/2027 (a)(j)	Upstart		08/04/2022		984		955		969
FW3320231.SRDUP, 29.53%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,148		1,114		1,130
FW3320235.SRDUP, 29.81%, 08/01/2027 (a)(j)	Upstart		08/04/2022		4,335		4,208		4,268
FW3320247.SRDUP, 23.83%, 08/01/2027 (a)(j)	Upstart		08/04/2022		6,385		6,199		6,309
FW3320254.SRDUP, 29.86%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,675		1,626		1,649
FW3320295.SRDUP, 30.02%, 08/01/2027 (a)(j)	Upstart		08/04/2022		3,280		3,184		3,220
FW3320320.SRDUP, 27.2%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,323		2,263		2,281
FW3320321.SRDUP, 30.04%, 08/01/2027 (a)(j)	Upstart		08/04/2022		4,040		3,921		3,977
FW3320329.SRDUP, 24.12%, 08/01/2027 (a)(j)	Upstart		08/04/2022		42,734		41,484		41,964
FW3320337.SRDUP, 26.24%, 08/01/2027 (a)(j)	Upstart		08/04/2022		14,473		14,049		14,212
FW3320352.SRDUP, 15.01%, 08/01/2025 (a)(j)	Upstart		08/04/2022		4,300		4,179		4,262
FW3320395.SRDUP, 23.07%, 08/01/2027 (a)(j)	Upstart		08/04/2022		16,597		16,113		16,354
FW3320401.SRDUP, 22.86%, 08/01/2027 (a)(j)	Upstart		08/04/2022		470		456		465
FW3320406.SRDUP, 29.8%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,281		1,243		1,261
FW3320408.SRDUP, 26.48%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,262		2,196		2,229
FW3321322.SRDUP, 25%, 08/04/2025 (a)(j)	Upstart		08/09/2022		33,666		32,712		33,219
FW3321508.SRDUP, 27.4%, 08/02/2025 (a)(j)	Upstart		08/05/2022		1,541		1,498		1,520
FW3322508.SRDUP, 19.84%, 08/02/2027 (a)(j)	Upstart		08/05/2022		4,901		4,758		4,866
FW3323459.SRDUP, 17.33%, 08/02/2027 (a)(j)	Upstart		08/05/2022		48,704		47,285		48,278
FW3323950.SRDUP, 27.81%, 08/02/2027 (a)(j)	Upstart		08/05/2022		4,035		3,917		3,975
FW3324067.SRDUP, 29.8%, 08/02/2027 (a)(j)	Upstart		08/05/2022		1,276		1,239		1,252
FW3324396.SRDUP, 29.35%, 08/02/2027 (a)(j)(k)	Upstart		08/05/2022		3,531		3,426		3,473
FW3324464.SRDUP, 21.19%, 08/02/2027 (a)(j)	Upstart		08/05/2022		3,293		3,197		3,247
FW3324483.SRDUP, 29.97%, 08/04/2027 (a)(j)	Upstart		08/09/2022		6,915		6,712		6,818
FW3324853.SRDUP, 10.84%, 08/02/2027 (a)(j)	Upstart		08/05/2022		43,861		42,594		43,775
FW3324933.SRDUP, 29.97%, 08/02/2027 (a)(j)(k)	Upstart		08/05/2022		1,786		1,733		1,760
FW3324961.SRDUP, 24.73%, 08/02/2027 (a)(j)	Upstart		08/05/2022		3,243		3,148		3,195
FW3324974.SRDUP, 25.52%, 08/02/2027 (a)(j)	Upstart		08/05/2022		33,034		32,068		32,559
FW3324985.SRDUP, 29.99%, 08/02/2027 (a)(j)	Upstart		08/05/2022		1,291		1,253		1,274
FW3324995.SRDUP, 15.14%, 08/02/2027 (a)(j)	Upstart		08/05/2022		3,421		3,322		3,397
FW3325006.SRDUP, 23.27%, 08/02/2025 (a)(j)	Upstart		08/05/2022		1,124		1,092		1,105
FW3325052.SRDUP, 13.2%, 08/02/2025 (a)(j)	Upstart		08/05/2022		2,672		2,597		2,655
FW3325086.SRDUP, 29.87%, 08/02/2027 (a)(j)	Upstart		08/05/2022		2,463		2,391		2,426
FW3325088.SRDUP, 26.73%, 08/02/2027 (a)(j)(k)	Upstart		08/05/2022		10,860		10,542		10,734
FW3325097.SRDUP, 25.48%, 08/02/2027 (a)(j)	Upstart		08/05/2022		6,587		6,394		6,489
FW3325108.SRDUP, 21.19%, 08/02/2027 (a)(j)	Upstart		08/05/2022		5,886		5,714		5,817

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

88

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3325149.SRDUP, 30%, 08/02/2027 (a)(j)(k)	Upstart		08/05/2022	$	1,589	$	1,542	$	1,041
FW3325156.SRDUP, 29.93%, 08/02/2027 (a)(j)	Upstart		08/05/2022		2,266		2,200		2,233
FW3325207.SRDUP, 30.07%, 08/02/2027 (a)(j)	Upstart		08/05/2022		2,069		2,008		2,038
FW3325256.SRDUP, 30.05%, 08/02/2027 (a)(j)	Upstart		08/05/2022		1,773		1,721		1,747
FW3325340.SRDUP, 29.99%, 08/02/2027 (a)(j)	Upstart		08/05/2022		41,972		40,741		41,341
FW3325379.SRDUP, 24.8%, 08/02/2027 (a)(j)	Upstart		08/05/2022		5,913		5,740		5,826
FW3325509.SRDUP, 14.84%, 08/02/2027 (a)(j)	Upstart		08/05/2022		19,545		18,979		19,406
FW3325541.SRDUP, 20.77%, 08/02/2027 (a)(j)	Upstart		08/05/2022		2,942		2,856		2,921
FW3325578.SRDUP, 16.08%, 08/02/2027 (a)(j)(k)	Upstart		08/05/2022		5,500		5,335		1,662
FW3325593.SRDUP, 26.71%, 08/02/2027 (a)(j)	Upstart		08/05/2022		11,805		11,459		11,629
FW3325608.SRDUP, 24.05%, 08/02/2025 (a)(j)	Upstart		08/05/2022		2,403		2,335		2,370
FW3325611.SRDUP, 15.94%, 08/02/2027 (a)(j)	Upstart		08/05/2022		2,934		2,849		2,913
FW3325633.SRDUP, 13.36%, 08/02/2027 (a)(j)	Upstart		08/05/2022		5,472		5,313		5,449
FW3325643.SRDUP, 26.36%, 08/02/2027 (a)(j)	Upstart		08/05/2022		8,852		8,593		8,725
FW3325648.SRDUP, 24.67%, 08/02/2027 (a)(j)(k)	Upstart		08/05/2022		2,200		2,134		1,385
FW3325668.SRDUP, 26.99%, 08/02/2027 (a)(j)	Upstart		08/05/2022		11,315		10,983		11,146
FW3325698.SRDUP, 23.8%, 08/02/2027 (a)(j)	Upstart		08/05/2022		49,115		47,681		48,412
FW3327515.SRDUP, 23.25%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,768		1,716		1,743
FW3327605.SRDUP, 29.94%, 08/03/2027 (a)(j)	Upstart		08/08/2022		7,980		7,774		7,864
FW3327849.SRDUP, 26.35%, 08/03/2027 (a)(j)	Upstart		08/08/2022		25,278		24,538		24,912
FW3327948.SRDUP, 26.02%, 08/03/2027 (a)(j)	Upstart		08/08/2022		245		238		242
FW3327970.SRDUP, 13.12%, 08/03/2025 (a)(j)	Upstart		08/08/2022		2,385		2,318		2,367
FW3327976.SRDUP, 27.35%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,469		3,379		3,412
FW3327988.SRDUP, 25.41%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,573		1,527		1,550
FW3327990.SRDUP, 29.47%, 08/03/2027 (a)(j)(k)	Upstart		08/08/2022		5,418		5,277		5,339
FW3328009.SRDUP, 24.67%, 08/03/2025 (a)(j)	Upstart		08/08/2022		1,443		1,402		1,418
FW3328044.SRDUP, 26.59%, 08/03/2027 (a)(j)	Upstart		08/08/2022		2,754		2,674		2,714
FW3328049.SRDUP, 29.55%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,940		3,825		3,885
FW3328063.SRDUP, 29.71%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,494		1,449		1,476
FW3328096.SRDUP, 27.34%, 08/03/2027 (a)(j)	Upstart		08/08/2022		14,761		14,328		14,546
FW3328102.SRDUP, 29.24%, 08/03/2027 (a)(j)	Upstart		08/08/2022		35,063		34,035		34,552
FW3328115.SRDUP, 16.29%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,751		3,642		3,718
FW3328126.SRDUP, 17.33%, 08/03/2027 (a)(j)	Upstart		08/08/2022		21,141		20,527		20,993
FW3328140.SRDUP, 29.18%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,083		1,052		1,068
FW3328184.SRDUP, 22.32%, 08/03/2025 (a)(j)	Upstart		08/08/2022		803		780		789
FW3328185.SRDUP, 15.82%, 08/03/2025 (a)(j)	Upstart		08/08/2022		1,434		1,394		1,422
FW3328211.SRDUP, 23.94%, 08/03/2027 (a)(j)	Upstart		08/08/2022		5,403		5,264		5,328
FW3328228.SRDUP, 20.12%, 08/03/2025 (a)(j)	Upstart		08/08/2022		14,383		13,977		14,189
FW3328235.SRDUP, 28.15%, 08/03/2027 (a)(j)	Upstart		08/08/2022		933		905		916
FW3328332.SRDUP, 25.23%, 08/03/2027 (a)(j)	Upstart		08/08/2022		9,830		9,543		9,688
FW3328364.SRDUP, 13.16%, 08/03/2027 (a)(j)	Upstart		08/08/2022		6,719		6,525		6,685
FW3328376.SRDUP, 29.97%, 08/03/2027 (a)(j)	Upstart		08/08/2022		16,749		16,258		16,505
FW3328387.SRDUP, 29.92%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,379		1,339		1,359
FW3328395.SRDUP, 30.01%, 08/03/2027 (a)(j)	Upstart		08/08/2022		2,226		2,160		2,189
FW3328491.SRDUP, 11.48%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,023		2,935		3,017
FW3328517.SRDUP, 24.78%, 08/03/2027 (a)(j)	Upstart		08/08/2022		10,811		10,495		10,659
FW3328524.SRDUP, 27.48%, 08/03/2025 (a)(j)	Upstart		08/08/2022		1,638		1,591		1,609
FW3328577.SRDUP, 24.9%, 08/03/2027 (a)(j)	Upstart		08/08/2022		9,881		9,591		9,723
FW3328582.SRDUP, 21.75%, 08/03/2025 (a)(j)	Upstart		08/08/2022		2,397		2,329		2,360
FW3328589.SRDUP, 29.59%, 08/03/2027 (a)(j)(k)	Upstart		08/08/2022		1,800		1,746		1,182
FW3328594.SRDUP, 26.16%, 08/03/2027 (a)(j)	Upstart		08/08/2022		4,917		4,773		4,846
FW3328613.SRDUP, 29.89%, 08/03/2027 (a)(j)	Upstart		08/08/2022		2,562		2,486		2,524
FW3328712.SRDUP, 26.76%, 08/03/2027 (a)(j)	Upstart		08/08/2022		8,854		8,595		8,729
FW3328756.SRDUP, 20.86%, 08/03/2027 (a)(j)	Upstart		08/08/2022		10,092		9,797		10,003
FW3328766.SRDUP, 29.55%, 08/03/2027 (a)(j)	Upstart		08/08/2022		24,230		23,519		23,981
FW3328808.SRDUP, 29.97%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,768		1,716		1,739
FW3328875.SRDUP, 22.16%, 08/03/2027 (a)(j)	Upstart		08/08/2022		14,722		14,292		14,517

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

89

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3328971.SRDUP, 29.99%, 08/03/2027 (a)(j)	Upstart		08/08/2022	$	3,251	$	3,156	$	3,204
FW3328972.SRDUP, 21.95%, 08/03/2025 (a)(j)(k)	Upstart		08/08/2022		3,339		3,245		3,287
FW3328979.SRDUP, 26.92%, 08/03/2027 (a)(j)(k)	Upstart		08/08/2022		5,178		5,023		5,115
FW3328999.SRDUP, 16.13%, 08/03/2027 (a)(j)	Upstart		08/08/2022		978		950		971
FW3329145.SRDUP, 18.44%, 08/03/2025 (a)(j)	Upstart		08/08/2022		1,916		1,862		1,899
FW3329184.SRDUP, 26.3%, 08/03/2027 (a)(j)	Upstart		08/08/2022		11,045		10,759		10,888
FW3329195.SRDUP, 29.87%, 08/03/2027 (a)(j)(k)	Upstart		08/08/2022		7,200		6,985		4,725
FW3329197.SRDUP, 15.04%, 08/03/2027 (a)(j)	Upstart		08/08/2022		6,842		6,643		6,794
FW3329317.SRDUP, 16.8%, 08/03/2025 (a)(j)	Upstart		08/08/2022		1,435		1,395		1,423
FW3329332.SRDUP, 26.46%, 08/03/2027 (a)(j)	Upstart		08/08/2022		13,181		12,795		12,995
FW3329339.SRDUP, 26.91%, 08/03/2025 (a)(j)	Upstart		08/08/2022		2,408		2,339		2,366
FW3329383.SRDUP, 29.72%, 08/03/2027 (a)(j)(k)	Upstart		08/08/2022		4,476		4,342		2,935
FW3329386.SRDUP, 26.2%, 08/03/2027 (a)(j)	Upstart		08/08/2022		4,701		4,564		4,617
FW3329402.SRDUP, 29.78%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,872		1,817		1,844
FW3329486.SRDUP, 29.78%, 08/03/2027 (a)(j)(k)	Upstart		08/08/2022		11,917		11,559		11,769
FW3329489.SRDUP, 29.83%, 08/03/2027 (a)(j)	Upstart		08/08/2022		4,433		4,303		4,371
FW3329531.SRDUP, 11.18%, 08/03/2027 (a)(j)	Upstart		08/08/2022		34,122		33,136		33,985
FW3329548.SRDUP, 24.99%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,932		3,817		3,875
FW3329588.SRDUP, 11.34%, 08/03/2025 (a)(j)	Upstart		08/08/2022		4,765		4,632		4,736
FW3329630.SRDUP, 29.93%, 08/03/2027 (a)(j)	Upstart		08/08/2022		8,163		7,924		8,034
FW3329640.SRDUP, 29.99%, 08/03/2027 (a)(j)	Upstart		08/08/2022		18,129		17,597		17,864
FW3329721.SRDUP, 30.01%, 08/03/2027 (a)(j)	Upstart		08/08/2022		2,919		2,833		2,864
FW3329730.SRDUP, 29.76%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,547		3,442		3,495
FW3330488.SRDUP, 30.01%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,759		2,678		2,720
FW3330594.SRDUP, 18.05%, 08/04/2025 (a)(j)	Upstart		08/09/2022		4,787		4,668		4,725
FW3330687.SRDUP, 27.66%, 08/04/2027 (a)(j)	Upstart		08/09/2022		29,624		28,756		29,207
FW3330907.SRDUP, 15.79%, 08/04/2027 (a)(j)	Upstart		08/09/2022		26,870		26,089		26,641
FW3330957.SRDUP, 21.81%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,257		2,191		2,232
FW3331079.SRDUP, 30.01%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,660		2,582		2,622
FW3331217.SRDUP, 30.06%, 08/04/2027 (a)(j)	Upstart		08/09/2022		20,861		20,248		20,532
FW3331251.SRDUP, 20.33%, 08/04/2027 (a)(j)	Upstart		08/09/2022		3,432		3,332		3,394
FW3331257.SRDUP, 16.1%, 08/04/2027 (a)(j)	Upstart		08/09/2022		8,313		8,100		8,257
FW3331287.SRDUP, 29.88%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,562		2,486		2,525
FW3331303.SRDUP, 26%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,754		2,673		2,723
FW3331394.SRDUP, 22.32%, 08/04/2025 (a)(j)	Upstart		08/09/2022		1,916		1,861		1,887
FW3331448.SRDUP, 22.67%, 08/04/2027 (a)(j)	Upstart		08/09/2022		6,872		6,671		6,779
FW3331463.SRDUP, 27.14%, 08/04/2027 (a)(j)	Upstart		08/09/2022		29,418		28,557		28,967
FW3331533.SRDUP, 29.85%, 08/04/2027 (a)(j)	Upstart		08/09/2022		3,448		3,347		3,399
FW3331541.SRDUP, 20.98%, 08/04/2027 (a)(j)	Upstart		08/09/2022		14,712		14,283		14,550
FW3331603.SRDUP, 23.17%, 08/04/2027 (a)(j)(k)	Upstart		08/09/2022		9,977		9,678		6,286
FW3331621.SRDUP, 29.83%, 08/04/2027 (a)(j)	Upstart		08/09/2022		3,645		3,538		3,594
FW3331649.SRDUP, 24.36%, 08/04/2025 (a)(j)	Upstart		08/09/2022		6,730		6,540		6,641
FW3331683.SRDUP, 29.85%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,364		2,295		2,331
FW3331708.SRDUP, 12.35%, 08/04/2027 (a)(j)	Upstart		08/09/2022		16,294		15,822		16,230
FW3331716.SRDUP, 15.29%, 08/04/2027 (a)(j)	Upstart		08/09/2022		18,270		17,739		18,178
FW3331725.SRDUP, 26.15%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,377		1,341		1,362
FW3331733.SRDUP, 27.48%, 08/04/2025 (a)(j)	Upstart		08/09/2022		2,888		2,815		2,832
FW3331744.SRDUP, 27.71%, 08/04/2027 (a)(j)	Upstart		08/09/2022		984		955		970
FW3331760.SRDUP, 28.02%, 08/04/2027 (a)(j)	Upstart		08/09/2022		6,595		6,402		6,502
FW3331785.SRDUP, 27.42%, 08/04/2027 (a)(j)	Upstart		08/09/2022		4,920		4,776		4,851
FW3331788.SRDUP, 26.08%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,180		1,146		1,164
FW3331801.SRDUP, 23.15%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,946		2,860		2,906
FW3331832.SRDUP, 22.72%, 08/04/2027 (a)(j)	Upstart		08/09/2022		8,738		8,482		8,619
FW3331834.SRDUP, 13.72%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,904		2,821		2,898
FW3331880.SRDUP, 30.01%, 08/04/2027 (a)(j)	Upstart		08/09/2022		4,335		4,208		4,274
FW3331907.SRDUP, 30.07%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,183		1,148		1,166
FW3331961.SRDUP, 29.87%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,167		2,104		2,137

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

90

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3331969.SRDUP, 27.82%, 08/04/2027 (a)(j)	Upstart		08/09/2022	$	41,339	$	40,128	$	40,771
FW3331977.SRDUP, 16.55%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,739		2,660		2,721
FW3331979.SRDUP, 19.05%, 08/04/2027 (a)(j)	Upstart		08/09/2022		5,389		5,232		5,352
FW3331984.SRDUP, 14.96%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,074		1,043		1,065
FW3332008.SRDUP, 26.27%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,377		1,337		1,358
FW3332028.SRDUP, 29.9%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,069		2,008		2,040
FW3332086.SRDUP, 29.89%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,463		2,391		2,428
FW3332138.SRDUP, 25.52%, 08/04/2025 (a)(j)	Upstart		08/09/2022		19,244		18,698		18,988
FW3332143.SRDUP, 24.99%, 08/04/2027 (a)(j)	Upstart		08/09/2022		19,812		19,233		19,547
FW3332175.SRDUP, 24.42%, 08/04/2027 (a)(j)(k)	Upstart		08/09/2022		4,959		4,811		3,124
FW3332179.SRDUP, 29.63%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,182		1,147		1,165
FW3332206.SRDUP, 20.12%, 08/04/2025 (a)(j)	Upstart		08/09/2022		1,918		1,864		1,902
FW3332210.SRDUP, 29.87%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,281		1,243		1,263
FW3332213.SRDUP, 30.02%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,971		1,913		1,943
FW3332232.SRDUP, 25.14%, 08/04/2027 (a)(j)	Upstart		08/09/2022		15,016		14,577		14,784
FW3332235.SRDUP, 29.08%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,083		1,052		1,068
FW3332239.SRDUP, 29.3%, 08/04/2027 (a)(j)(k)	Upstart		08/09/2022		1,291		1,252		1,278
FW3332260.SRDUP, 23.31%, 08/04/2025 (a)(j)	Upstart		08/09/2022		1,922		1,867		1,906
FW3332281.SRDUP, 29.98%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,379		1,339		1,360
FW3332296.SRDUP, 18.25%, 08/04/2025 (a)(j)	Upstart		08/09/2022		10,247		9,992		10,113
FW3332297.SRDUP, 23.1%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,440		1,398		1,416
FW3332313.SRDUP, 29.22%, 08/04/2027 (a)(j)	Upstart		08/09/2022		5,910		5,736		5,826
FW3332326.SRDUP, 26.16%, 08/04/2027 (a)(j)	Upstart		08/09/2022		3,245		3,150		3,201
FW3332329.SRDUP, 30.05%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,463		2,391		2,428
FW3332338.SRDUP, 17.03%, 08/04/2027 (a)(j)	Upstart		08/09/2022		48,929		47,506		48,594
FW3332409.SRDUP, 20.42%, 08/04/2027 (a)(j)	Upstart		08/09/2022		22,062		21,418		21,819
FW3332427.SRDUP, 22.31%, 08/04/2027 (a)(j)	Upstart		08/09/2022		3,926		3,825		3,873
FW3333083.SRDUP, 23.01%, 08/05/2027 (a)(j)	Upstart		08/10/2022		5,499		5,338		5,439
FW3333700.SRDUP, 29.68%, 08/05/2027 (a)(j)	Upstart		08/10/2022		2,266		2,199		2,235
FW3333960.SRDUP, 17.66%, 08/05/2027 (a)(j)	Upstart		08/10/2022		15,136		14,696		15,011
FW3334082.SRDUP, 26.47%, 08/05/2027 (a)(j)	Upstart		08/10/2022		2,656		2,578		2,620
FW3334226.SRDUP, 29.58%, 08/05/2027 (a)(j)	Upstart		08/10/2022		4,925		4,781		4,858
FW3334241.SRDUP, 25.18%, 08/05/2027 (a)(j)	Upstart		08/10/2022		4,424		4,294		4,363
FW3334372.SRDUP, 30.05%, 08/05/2027 (a)(j)	Upstart		08/10/2022		8,079		7,842		7,968
FW3334474.SRDUP, 28.4%, 08/05/2027 (a)(j)	Upstart		08/10/2022		14,768		14,335		14,566
FW3334482.SRDUP, 20.83%, 08/05/2025 (a)(j)	Upstart		08/10/2022		3,262		3,169		3,220
FW3334502.SRDUP, 29.93%, 08/05/2027 (a)(j)	Upstart		08/10/2022		7,882		7,650		7,773
FW3334533.SRDUP, 26.94%, 08/05/2025 (a)(j)	Upstart		08/10/2022		1,059		1,029		1,042
FW3334569.SRDUP, 29.97%, 08/05/2027 (a)(j)	Upstart		08/10/2022		7,981		7,746		7,873
FW3334575.SRDUP, 29.72%, 08/05/2027 (a)(j)(k)	Upstart		08/10/2022		1,986		1,927		1,304
FW3334602.SRDUP, 29.98%, 08/05/2027 (a)(j)	Upstart		08/10/2022		4,335		4,208		4,275
FW3334603.SRDUP, 27.51%, 08/05/2025 (a)(j)	Upstart		08/10/2022		3,372		3,276		3,316
FW3334619.SRDUP, 29.69%, 08/05/2027 (a)(j)	Upstart		08/10/2022		6,896		6,694		6,801
FW3334881.SRDUP, 27.43%, 08/05/2025 (a)(j)	Upstart		08/10/2022		1,638		1,591		1,611
FW3334909.SRDUP, 29.54%, 08/05/2027 (a)(j)	Upstart		08/10/2022		4,531		4,398		4,482
FW3334945.SRDUP, 24.18%, 08/05/2027 (a)(j)	Upstart		08/10/2022		9,825		9,538		9,719
FW3334948.SRDUP, 29.94%, 08/05/2027 (a)(j)	Upstart		08/10/2022		4,828		4,686		4,761
FW3334972.SRDUP, 30.04%, 08/05/2027 (a)(j)(k)	Upstart		08/10/2022		12,203		11,837		12,020
FW3334977.SRDUP, 24.24%, 08/05/2027 (a)(j)	Upstart		08/10/2022		32,816		31,857		32,380
FW3334990.SRDUP, 14.73%, 08/05/2027 (a)(j)	Upstart		08/10/2022		21,791		21,159		21,647
FW3335002.SRDUP, 29.73%, 08/05/2027 (a)(j)	Upstart		08/10/2022		1,773		1,721		1,749
FW3335003.SRDUP, 23.08%, 08/05/2027 (a)(j)	Upstart		08/10/2022		16,310		15,833		16,042
FW3335014.SRDUP, 11.11%, 08/05/2027 (a)(j)	Upstart		08/10/2022		29,246		28,400		29,192
FW3335030.SRDUP, 26.84%, 08/05/2027 (a)(j)	Upstart		08/10/2022		27,580		26,780		27,262
FW3335053.SRDUP, 15.38%, 08/05/2025 (a)(j)	Upstart		08/10/2022		2,867		2,787		2,844
FW3335083.SRDUP, 20.95%, 08/05/2027 (a)(j)	Upstart		08/10/2022		3,825		3,714		3,784
FW3335088.SRDUP, 29.75%, 08/05/2027 (a)(j)	Upstart		08/10/2022		4,433		4,303		4,372

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

91

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3335094.SRDUP, 29.53%, 08/05/2027 (a)(j)	Upstart		08/10/2022	$	2,561	$	2,486	$	2,526
FW3335097.SRDUP, 27.02%, 08/05/2027 (a)(j)	Upstart		08/10/2022		16,619		16,140		16,431
FW3335130.SRDUP, 22.23%, 08/05/2027 (a)(j)	Upstart		08/10/2022		14,704		14,275		14,512
FW3335133.SRDUP, 16.79%, 08/05/2025 (a)(j)	Upstart		08/10/2022		4,305		4,184		4,271
FW3335134.SRDUP, 30.05%, 08/05/2027 (a)(j)	Upstart		08/10/2022		1,304		1,265		1,282
FW3335142.SRDUP, 28.14%, 08/05/2027 (a)(j)	Upstart		08/10/2022		6,719		6,521		6,612
FW3335178.SRDUP, 17.96%, 08/05/2027 (a)(j)	Upstart		08/10/2022		34,269		33,272		34,040
FW3335207.SRDUP, 26.84%, 08/05/2027 (a)(j)	Upstart		08/10/2022		1,177		1,143		1,159
FW3335227.SRDUP, 27.63%, 08/05/2027 (a)(j)	Upstart		08/10/2022		6,889		6,687		6,797
FW3335266.SRDUP, 30.02%, 08/05/2027 (a)(j)	Upstart		08/10/2022		9,754		9,468		9,623
FW3335303.SRDUP, 29.12%, 08/05/2027 (a)(j)	Upstart		08/10/2022		3,145		3,053		3,101
FW3335339.SRDUP, 24.77%, 08/05/2027 (a)(j)	Upstart		08/10/2022		7,862		7,632		7,758
FW3335380.SRDUP, 29.91%, 08/05/2027 (a)(j)(k)	Upstart		08/10/2022		5,642		5,474		3,703
FW3335386.SRDUP, 30.08%, 08/10/2027 (a)(j)	Upstart		08/15/2022		4,434		4,304		4,382
FW3335405.SRDUP, 28.36%, 08/05/2027 (a)(j)	Upstart		08/10/2022		7,333		7,118		7,219
FW3335412.SRDUP, 27.67%, 08/05/2027 (a)(j)	Upstart		08/10/2022		1,279		1,242		1,262
FW3335417.SRDUP, 22.49%, 08/05/2027 (a)(j)	Upstart		08/10/2022		14,724		14,294		14,566
FW3336367.SRDUP, 29.8%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,660		2,582		2,628
FW3336392.SRDUP, 29.77%, 08/08/2027 (a)(j)	Upstart		08/11/2022		12,535		12,166		12,340
FW3336632.SRDUP, 29.91%, 08/08/2027 (a)(j)(k)	Upstart		08/11/2022		1,398		1,356		1,387
FW3336642.SRDUP, 24.98%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,979		1,921		1,956
FW3336648.SRDUP, 22.91%, 08/08/2027 (a)(j)	Upstart		08/11/2022		5,695		5,528		5,625
FW3336652.SRDUP, 12.07%, 08/08/2025 (a)(j)	Upstart		08/11/2022		6,672		6,485		6,639
FW3336660.SRDUP, 27.43%, 08/08/2027 (a)(j)	Upstart		08/11/2022		4,920		4,776		4,859
FW3336667.SRDUP, 29.74%, 08/08/2027 (a)(j)	Upstart		08/11/2022		5,418		5,259		5,351
FW3336668.SRDUP, 29.34%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,273		1,236		1,255
FW3336680.SRDUP, 24.72%, 08/08/2027 (a)(j)	Upstart		08/11/2022		4,914		4,770		4,854
FW3336705.SRDUP, 20.79%, 08/08/2027 (a)(j)(k)	Upstart		08/11/2022		8,817		8,554		5,359
FW3336858.SRDUP, 24.44%, 08/08/2027 (a)(j)	Upstart		08/11/2022		5,503		5,342		5,435
FW3336867.SRDUP, 29.69%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,675		1,626		1,654
FW3336872.SRDUP, 22.2%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,420		3,320		3,368
FW3336885.SRDUP, 29.07%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,674		1,625		1,653
FW3336986.SRDUP, 29.53%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,192		1,157		1,179
FW3336989.SRDUP, 25.23%, 08/08/2027 (a)(j)	Upstart		08/11/2022		4,915		4,771		4,854
FW3337007.SRDUP, 25.73%, 08/08/2027 (a)(j)	Upstart		08/11/2022		43,854		42,569		43,577
FW3337009.SRDUP, 29.97%, 08/08/2027 (a)(j)(k)	Upstart		08/11/2022		1,092		1,060		1,081
FW3337110.SRDUP, 29.89%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,251		3,156		3,211
FW3337111.SRDUP, 23.46%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,929		3,814		3,889
FW3337133.SRDUP, 21.04%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,952		3,837		3,914
FW3337139.SRDUP, 24.85%, 08/08/2027 (a)(j)	Upstart		08/11/2022		5,504		5,343		5,436
FW3337195.SRDUP, 29.45%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,713		1,663		1,688
FW3337303.SRDUP, 22.63%, 08/08/2027 (a)(j)	Upstart		08/11/2022		22,579		21,996		22,438
FW3337341.SRDUP, 27.04%, 08/08/2027 (a)(j)(k)	Upstart		08/11/2022		1,985		1,925		1,306
FW3337412.SRDUP, 11.4%, 08/08/2027 (a)(j)	Upstart		08/11/2022		33,639		32,665		33,520
FW3337420.SRDUP, 29.3%, 08/08/2027 (a)(j)	Upstart		08/11/2022		2,938		2,851		2,897
FW3337431.SRDUP, 11.92%, 08/08/2027 (a)(j)	Upstart		08/11/2022		34,724		33,718		34,600
FW3337484.SRDUP, 29.88%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,084		1,052		1,070
FW3337494.SRDUP, 19.77%, 08/08/2027 (a)(j)	Upstart		08/11/2022		19,603		19,031		19,410
FW3337520.SRDUP, 30.04%, 08/08/2027 (a)(j)(k)	Upstart		08/11/2022		18,400		17,848		12,125
FW3337548.SRDUP, 25.39%, 08/08/2027 (a)(j)	Upstart		08/11/2022		2,359		2,290		2,330
FW3337554.SRDUP, 21.23%, 08/08/2027 (a)(j)(k)	Upstart		08/11/2022		1,660		1,611		1,639
FW3337565.SRDUP, 26.49%, 08/08/2027 (a)(j)	Upstart		08/11/2022		14,474		14,049		14,249
FW3337613.SRDUP, 29.37%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,674		1,625		1,654
FW3337621.SRDUP, 20.81%, 08/08/2027 (a)(j)	Upstart		08/11/2022		6,566		6,375		6,486
FW3337628.SRDUP, 21.82%, 08/08/2027 (a)(j)	Upstart		08/11/2022		9,224		8,954		9,133
FW3337658.SRDUP, 27.81%, 08/08/2027 (a)(j)	Upstart		08/11/2022		5,873		5,701		5,792
FW3337659.SRDUP, 29.79%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,970		1,912		1,946

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

92

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3337695.SRDUP, 19.17%, 08/08/2027 (a)(j)	Upstart		08/11/2022	$	3,707	$	3,599	$	3,678
FW3337707.SRDUP, 24.23%, 08/08/2027 (a)(j)	Upstart		08/11/2022		5,502		5,341		5,435
FW3337729.SRDUP, 28.27%, 08/08/2027 (a)(j)	Upstart		08/11/2022		15,245		14,798		15,038
FW3337731.SRDUP, 17.92%, 08/08/2027 (a)(j)	Upstart		08/11/2022		8,714		8,460		8,660
FW3337737.SRDUP, 19.97%, 08/08/2027 (a)(j)	Upstart		08/11/2022		7,842		7,613		7,765
FW3337761.SRDUP, 29.82%, 08/08/2027 (a)(j)	Upstart		08/11/2022		2,266		2,199		2,238
FW3337781.SRDUP, 27.26%, 08/08/2027 (a)(j)	Upstart		08/11/2022		14,676		14,246		14,474
FW3337806.SRDUP, 19.81%, 08/08/2025 (a)(j)	Upstart		08/11/2022		1,917		1,863		1,895
FW3337808.SRDUP, 20.29%, 08/08/2025 (a)(j)	Upstart		08/11/2022		5,754		5,591		5,686
FW3337844.SRDUP, 18.81%, 08/08/2027 (a)(j)	Upstart		08/11/2022		7,641		7,418		7,594
FW3337932.SRDUP, 29.88%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,182		1,148		1,167
FW3337939.SRDUP, 29.98%, 08/08/2027 (a)(j)(k)	Upstart		08/11/2022		7,341		7,121		4,642
FW3337949.SRDUP, 29.75%, 08/08/2027 (a)(j)	Upstart		08/11/2022		8,177		7,937		8,075
FW3337955.SRDUP, 17.78%, 08/08/2027 (a)(j)	Upstart		08/11/2022		14,277		13,861		14,162
FW3337966.SRDUP, 29.69%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,546		3,442		3,502
FW3338069.SRDUP, 26.37%, 08/08/2027 (a)(j)	Upstart		08/11/2022		6,885		6,683		6,800
FW3340271.SRDUP, 29.62%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,281		1,243		1,265
FW3340712.SRDUP, 29.63%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,675		1,625		1,654
FW3341295.SRDUP, 29.62%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,970		1,919		1,946
FW3341443.SRDUP, 29.93%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,182		1,148		1,168
FW3341548.SRDUP, 21.28%, 08/10/2025 (a)(j)	Upstart		08/15/2022		5,757		5,594		5,694
FW3341613.SRDUP, 24.57%, 08/09/2025 (a)(j)	Upstart		08/12/2022		4,854		4,716		4,786
FW3341651.SRDUP, 22.11%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,465		1,422		1,447
FW3341659.SRDUP, 28.27%, 08/09/2027 (a)(j)	Upstart		08/12/2022		27,565		26,756		27,235
FW3341670.SRDUP, 19.41%, 08/09/2027 (a)(j)	Upstart		08/12/2022		3,317		3,220		3,292
FW3341702.SRDUP, 12.87%, 08/09/2025 (a)(j)	Upstart		08/12/2022		1,336		1,298		1,329
FW3341732.SRDUP, 20.58%, 08/09/2027 (a)(j)	Upstart		08/12/2022		11,277		10,948		11,169
FW3341786.SRDUP, 29.66%, 08/09/2027 (a)(j)(k)	Upstart		08/12/2022		1,688		1,638		1,672
FW3341803.SRDUP, 20.81%, 08/09/2025 (a)(j)	Upstart		08/12/2022		3,821		3,713		3,770
FW3341835.SRDUP, 9.73%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,240		2,175		2,236
FW3341854.SRDUP, 26.59%, 08/09/2025 (a)(j)	Upstart		08/12/2022		24,034		23,350		23,713
FW3341855.SRDUP, 18.78%, 08/09/2027 (a)(j)	Upstart		08/12/2022		3,820		3,709		3,797
FW3341867.SRDUP, 25%, 08/09/2025 (a)(j)	Upstart		08/12/2022		1,443		1,402		1,426
FW3341930.SRDUP, 17.77%, 08/09/2027 (a)(j)	Upstart		08/12/2022		6,843		6,643		6,791
FW3341977.SRDUP, 17.81%, 08/09/2027 (a)(j)	Upstart		08/12/2022		27,107		26,317		26,900
FW3342031.SRDUP, 27.21%, 08/09/2027 (a)(j)(k)	Upstart		08/12/2022		5,388		5,227		1,907
FW3342056.SRDUP, 23.13%, 08/09/2027 (a)(j)	Upstart		08/12/2022		9,820		9,532		9,703
FW3342122.SRDUP, 24.93%, 08/09/2025 (a)(j)	Upstart		08/12/2022		10,580		10,279		10,427
FW3342131.SRDUP, 29.91%, 08/09/2027 (a)(j)	Upstart		08/12/2022		3,908		3,791		3,842
FW3342155.SRDUP, 28.21%, 08/09/2027 (a)(j)	Upstart		08/12/2022		4,922		4,778		4,863
FW3342160.SRDUP, 28.38%, 08/09/2027 (a)(j)	Upstart		08/12/2022		16,737		16,303		16,536
FW3342171.SRDUP, 23.38%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,249		2,183		2,222
FW3342182.SRDUP, 24.77%, 08/09/2027 (a)(j)(k)	Upstart		08/12/2022		2,380		2,309		1,567
FW3342190.SRDUP, 21.86%, 08/09/2025 (a)(j)	Upstart		08/12/2022		4,800		4,664		4,745
FW3342195.SRDUP, 28.61%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,462		2,389		2,432
FW3342267.SRDUP, 19.04%, 08/09/2025 (a)(j)	Upstart		08/12/2022		2,124		2,064		2,100
FW3342276.SRDUP, 22.57%, 08/09/2027 (a)(j)	Upstart		08/12/2022		8,737		8,481		8,653
FW3342297.SRDUP, 27.42%, 08/09/2027 (a)(j)	Upstart		08/12/2022		24,602		23,880		24,307
FW3342303.SRDUP, 24.39%, 08/09/2027 (a)(j)	Upstart		08/12/2022		5,699		5,532		5,631
FW3342304.SRDUP, 25.47%, 08/09/2027 (a)(j)	Upstart		08/12/2022		9,831		9,543		9,714
FW3342306.SRDUP, 23.18%, 08/09/2027 (a)(j)	Upstart		08/12/2022		982		953		973
FW3342318.SRDUP, 23.67%, 08/09/2027 (a)(j)	Upstart		08/12/2022		5,501		5,340		5,435
FW3342326.SRDUP, 24.44%, 08/09/2027 (a)(j)	Upstart		08/12/2022		9,573		9,292		9,426
FW3342330.SRDUP, 30%, 08/09/2027 (a)(j)	Upstart		08/12/2022		10,829		10,510		10,685
FW3342367.SRDUP, 23.52%, 08/09/2027 (a)(j)	Upstart		08/12/2022		10,804		10,488		10,675
FW3342389.SRDUP, 30.07%, 08/09/2027 (a)(j)	Upstart		08/12/2022		14,484		14,058		14,309
FW3342408.SRDUP, 29.86%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,436		1,394		1,415

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

93

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

			��
	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3342476.SRDUP, 24.31%, 08/09/2027 (a)(j)	Upstart		08/12/2022	$	2,931	$	2,845	$	2,892
FW3342496.SRDUP, 29.87%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,069		2,008		2,044
FW3342498.SRDUP, 18.28%, 08/09/2027 (a)(j)	Upstart		08/12/2022		16,354		15,878		16,256
FW3342503.SRDUP, 18.53%, 08/09/2025 (a)(j)	Upstart		08/12/2022		3,831		3,723		3,788
FW3342541.SRDUP, 10.19%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,923		2,848		2,918
FW3342553.SRDUP, 29.9%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,467		2,403		2,438
FW3342563.SRDUP, 23.8%, 08/09/2027 (a)(j)	Upstart		08/12/2022		24,165		23,457		23,931
FW3342569.SRDUP, 20.93%, 08/09/2025 (a)(j)	Upstart		08/12/2022		960		932		949
FW3342621.SRDUP, 29.85%, 08/09/2027 (a)(j)	Upstart		08/12/2022		9,622		9,339		9,493
FW3342637.SRDUP, 29.79%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,069		2,008		2,044
FW3342703.SRDUP, 13.67%, 08/10/2027 (a)(j)	Upstart		08/15/2022		3,418		3,319		3,406
FW3342751.SRDUP, 23.38%, 08/09/2027 (a)(j)	Upstart		08/12/2022		49,104		47,835		48,521
FW3342780.SRDUP, 26.32%, 08/09/2027 (a)(j)	Upstart		08/12/2022		27,302		26,501		26,895
FW3343057.SRDUP, 27.27%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,054		1,023		1,036
FW3343084.SRDUP, 25.43%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,671		1,622		1,652
FW3343090.SRDUP, 22.15%, 08/10/2027 (a)(j)	Upstart		08/15/2022		5,496		5,354		5,464
FW3343213.SRDUP, 30.01%, 08/10/2027 (a)(j)	Upstart		08/15/2022		2,562		2,486		2,532
FW3343363.SRDUP, 26.78%, 08/10/2027 (a)(j)	Upstart		08/15/2022		6,335		6,150		6,225
FW3343707.SRDUP, 29.96%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,084		1,052		1,071
FW3343834.SRDUP, 21.73%, 08/10/2025 (a)(j)	Upstart		08/15/2022		1,493		1,451		1,471
FW3343838.SRDUP, 21.16%, 08/10/2027 (a)(j)	Upstart		08/15/2022		2,452		2,381		2,429
FW3343873.SRDUP, 29.88%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,182		1,147		1,168
FW3343908.SRDUP, 30.06%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,872		1,817		1,850
FW3344152.SRDUP, 21.48%, 08/10/2025 (a)(j)	Upstart		08/15/2022		4,799		4,662		4,745
FW3344172.SRDUP, 30.05%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,281		1,243		1,266
FW3344219.SRDUP, 28.72%, 08/10/2027 (a)(j)	Upstart		08/15/2022		9,970		9,676		9,838
FW3344272.SRDUP, 29.74%, 08/10/2027 (a)(j)	Upstart		08/15/2022		3,547		3,442		3,505
FW3344313.SRDUP, 29.61%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,675		1,625		1,655
FW3344314.SRDUP, 21.81%, 08/10/2027 (a)(j)	Upstart		08/15/2022		8,831		8,573		8,749
FW3344332.SRDUP, 29.62%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,576		1,530		1,558
FW3344357.SRDUP, 29.8%, 08/10/2027 (a)(j)	Upstart		08/15/2022		2,660		2,582		2,629
FW3344361.SRDUP, 21.4%, 08/10/2025 (a)(j)	Upstart		08/15/2022		14,395		14,034		14,235
FW3344364.SRDUP, 22.98%, 08/10/2027 (a)(j)	Upstart		08/15/2022		4,320		4,209		4,271
FW3344378.SRDUP, 20.97%, 08/10/2025 (a)(j)	Upstart		08/15/2022		1,919		1,864		1,898
FW3344392.SRDUP, 19.81%, 08/10/2027 (a)(j)	Upstart		08/15/2022		5,391		5,233		5,341
FW3344397.SRDUP, 13.04%, 08/10/2027 (a)(j)	Upstart		08/15/2022		3,026		2,938		3,016
FW3344411.SRDUP, 22.74%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,767		1,721		1,747
FW3344412.SRDUP, 25.99%, 08/10/2027 (a)(j)	Upstart		08/15/2022		3,974		3,859		3,944
FW3344452.SRDUP, 16.87%, 08/10/2027 (a)(j)	Upstart		08/15/2022		23,896		23,200		23,714
FW3344502.SRDUP, 29.84%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,773		1,721		1,753
FW3344529.SRDUP, 29.95%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,291		1,253		1,279
FW3344556.SRDUP, 16.43%, 08/10/2025 (a)(j)	Upstart		08/15/2022		2,301		2,236		2,285
FW3344559.SRDUP, 18.23%, 08/10/2027 (a)(j)	Upstart		08/15/2022		2,938		2,852		2,921
FW3344583.SRDUP, 29.04%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,083		1,051		1,071
FW3344618.SRDUP, 26.77%, 08/10/2027 (a)(j)	Upstart		08/15/2022		13,736		13,329		13,534
FW3344639.SRDUP, 25.07%, 08/10/2025 (a)(j)(k)	Upstart		08/15/2022		5,496		5,332		3,596
FW3344663.SRDUP, 30.03%, 08/10/2027 (a)(j)(k)	Upstart		08/15/2022		1,688		1,638		1,113
FW3344688.SRDUP, 24.05%, 08/10/2027 (a)(j)	Upstart		08/15/2022		17,730		17,211		17,527
FW3344704.SRDUP, 27.76%, 08/10/2027 (a)(j)	Upstart		08/15/2022		41,630		40,406		41,084
FW3344751.SRDUP, 27.42%, 08/10/2025 (a)(j)	Upstart		08/15/2022		6,247		6,069		6,138
FW3344753.SRDUP, 24.95%, 08/10/2027 (a)(j)	Upstart		08/15/2022		10,985		10,663		10,825
FW3344754.SRDUP, 19.53%, 08/10/2027 (a)(j)	Upstart		08/15/2022		12,740		12,368		12,665
FW3344757.SRDUP, 28.79%, 08/10/2027 (a)(j)	Upstart		08/15/2022		2,954		2,867		2,920
FW3344767.SRDUP, 22.76%, 08/10/2027 (a)(j)	Upstart		08/15/2022		16,396		15,916		16,242
FW3344787.SRDUP, 19.72%, 08/10/2027 (a)(j)	Upstart		08/15/2022		15,094		14,653		15,005
FW3344806.SRDUP, 29.85%, 08/10/2027 (a)(j)	Upstart		08/15/2022		985		956		974
FW3344828.SRDUP, 28.24%, 08/10/2027 (a)(j)	Upstart		08/15/2022		24,612		23,973		24,325

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

94

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3344861.SRDUP, 26.31%, 08/10/2027 (a)(j)	Upstart		08/15/2022	$	12,294	$	11,934	$	12,152
FW3344875.SRDUP, 25.66%, 08/10/2027 (a)(j)	Upstart		08/15/2022		9,832		9,544		9,719
FW3344886.SRDUP, 23.52%, 08/10/2027 (a)(j)	Upstart		08/15/2022		5,893		5,720		5,825
FW3344919.SRDUP, 29.98%, 08/10/2027 (a)(j)	Upstart		08/15/2022		13,793		13,388		13,633
FW3344925.SRDUP, 29.69%, 08/10/2027 (a)(j)	Upstart		08/15/2022		4,470		4,339		4,428
FW3344932.SRDUP, 29.86%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,050		1,019		1,033
FW3344973.SRDUP, 24.83%, 08/10/2027 (a)(j)	Upstart		08/15/2022		3,636		3,542		3,594
FW3345014.SRDUP, 23.81%, 08/10/2027 (a)(j)	Upstart		08/15/2022		11,002		10,680		10,876
FW3345025.SRDUP, 19.93%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,176		1,142		1,169
FW3345027.SRDUP, 16.18%, 08/10/2027 (a)(j)	Upstart		08/15/2022		4,890		4,748		4,862
FW3345029.SRDUP, 29.23%, 08/10/2027 (a)(j)	Upstart		08/15/2022		5,909		5,736		5,841
FW3345036.SRDUP, 27.15%, 08/10/2027 (a)(j)	Upstart		08/15/2022		7,084		6,877		7,003
FW3345070.SRDUP, 29.93%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,773		1,721		1,753
FW3345074.SRDUP, 21.56%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,636		1,588		1,612
FW3345093.SRDUP, 15.65%, 08/10/2027 (a)(j)	Upstart		08/15/2022		48,887		47,465		48,603
FW3345108.SRDUP, 21.17%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,962		1,905		1,944
FW3345110.SRDUP, 25.26%, 08/10/2027 (a)(j)	Upstart		08/15/2022		6,783		6,584		6,705
FW3345122.SRDUP, 26.25%, 08/10/2025 (a)(j)	Upstart		08/15/2022		1,155		1,122		1,142
FW3345143.SRDUP, 22.63%, 08/10/2025 (a)(j)	Upstart		08/15/2022		4,130		4,026		4,084
FW3345145.SRDUP, 29.48%, 08/10/2027 (a)(j)(k)	Upstart		08/15/2022		1,887		1,830		1,244
FW3345160.SRDUP, 30.02%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,281		1,243		1,266
FW3345176.SRDUP, 25.55%, 08/10/2027 (a)(j)	Upstart		08/15/2022		19,664		19,087		19,437
FW3345233.SRDUP, 29.98%, 08/10/2027 (a)(j)	Upstart		08/15/2022		9,064		8,798		8,959
FW3345244.SRDUP, 26.94%, 08/10/2027 (a)(j)	Upstart		08/15/2022		27,154		26,358		26,839
FW3345270.SRDUP, 30.04%, 08/10/2027 (a)(j)	Upstart		08/15/2022		4,302		4,175		4,245
FW3373195.SRDUP, 26.3%, 09/02/2027 (a)(j)	Upstart		09/08/2022		2,776		2,694		2,735
FW3382367.SRDUP, 33.18%, 09/01/2027 (a)(j)	Upstart		09/07/2022		2,482		2,417		2,444
FW3383096.SRDUP, 17.73%, 09/01/2025 (a)(j)	Upstart		09/07/2022		979		954		965
FW3383199.SRDUP, 13.78%, 09/02/2025 (a)(j)(k)	Upstart		09/08/2022		6,600		6,404		3,801
FW3387472.SRDUP, 30.56%, 09/01/2027 (a)(j)	Upstart		09/07/2022		39,301		38,135		38,674
FW3389292.SRDUP, 29.4%, 09/01/2027 (a)(j)	Upstart		09/07/2022		2,432		2,360		2,393
FW3391039.SRDUP, 27.26%, 09/01/2025 (a)(j)(k)	Upstart		09/07/2022		7,649		7,427		7,512
FW3391054.SRDUP, 29.59%, 09/01/2027 (a)(j)	Upstart		09/07/2022		3,969		3,851		3,908
FW3391076.SRDUP, 15.12%, 09/01/2027 (a)(j)	Upstart		09/07/2022		8,897		8,636		8,832
FW3391084.SRDUP, 22.44%, 09/01/2027 (a)(j)	Upstart		09/07/2022		10,639		10,325		10,479
FW3391086.SRDUP, 34.1%, 09/01/2025 (a)(j)(k)	Upstart		09/07/2022		9,500		9,215		6,169
FW3391118.SRDUP, 31.16%, 09/01/2027 (a)(j)	Upstart		09/07/2022		1,191		1,156		1,173
FW3391123.SRDUP, 16.23%, 09/01/2027 (a)(j)	Upstart		09/07/2022		5,277		5,122		5,237
FW3391150.SRDUP, 28.29%, 09/01/2027 (a)(j)	Upstart		09/07/2022		2,579		2,503		2,540
FW3391173.SRDUP, 27.7%, 09/01/2027 (a)(j)	Upstart		09/07/2022		1,091		1,059		1,074
FW3391216.SRDUP, 19.19%, 09/01/2025 (a)(j)	Upstart		09/07/2022		5,236		5,086		5,189
FW3391224.SRDUP, 29.8%, 09/01/2027 (a)(j)	Upstart		09/07/2022		1,985		1,926		1,954
FW3391232.SRDUP, 33.82%, 09/01/2027 (a)(j)	Upstart		09/07/2022		4,667		4,528		4,595
FW3391252.SRDUP, 29.38%, 09/01/2027 (a)(j)	Upstart		09/07/2022		1,984		1,925		1,954
FW3391261.SRDUP, 34.47%, 09/01/2027 (a)(j)	Upstart		09/07/2022		7,052		6,842		6,942
FW3391265.SRDUP, 18.92%, 09/01/2027 (a)(j)	Upstart		09/07/2022		10,416		10,107		10,336
FW3391282.SRDUP, 33.54%, 09/01/2027 (a)(j)	Upstart		09/07/2022		2,880		2,804		2,835
FW3391326.SRDUP, 33.14%, 09/01/2027 (a)(j)	Upstart		09/07/2022		2,383		2,312		2,346
FW3391331.SRDUP, 26.82%, 09/01/2027 (a)(j)	Upstart		09/07/2022		3,272		3,187		3,224
FW3391334.SRDUP, 33.66%, 09/01/2027 (a)(j)	Upstart		09/07/2022		3,277		3,179		3,226
FW3391345.SRDUP, 32.85%, 09/01/2025 (a)(j)	Upstart		09/07/2022		3,637		3,531		3,571
FW3391350.SRDUP, 17.92%, 09/01/2027 (a)(j)	Upstart		09/07/2022		3,808		3,696		3,780
FW3391354.SRDUP, 29.5%, 09/01/2025 (a)(j)	Upstart		09/07/2022		7,857		7,628		7,745
FW3391367.SRDUP, 14.88%, 09/01/2027 (a)(j)	Upstart		09/07/2022		16,211		15,735		16,093
FW3391392.SRDUP, 29.37%, 09/01/2027 (a)(j)	Upstart		09/07/2022		1,687		1,637		1,662
FW3391398.SRDUP, 30.65%, 09/01/2027 (a)(j)	Upstart		09/07/2022		2,680		2,600		2,638
FW3391443.SRDUP, 27.44%, 09/01/2025 (a)(j)	Upstart		09/07/2022		5,398		5,241		5,301

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

95

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3391449.SRDUP, 33.79%, 09/01/2027 (a)(j)	Upstart		09/07/2022	$	3,575	$	3,469	$	3,519
FW3391463.SRDUP, 34.41%, 09/01/2027 (a)(j)	Upstart		09/07/2022		7,647		7,420		7,528
FW3391480.SRDUP, 34.2%, 09/01/2027 (a)(j)	Upstart		09/07/2022		14,180		13,764		13,938
FW3391536.SRDUP, 33.17%, 09/01/2027 (a)(j)	Upstart		09/07/2022		2,284		2,216		2,248
FW3391540.SRDUP, 22.54%, 09/01/2027 (a)(j)	Upstart		09/07/2022		6,435		6,246		6,337
FW3391557.SRDUP, 26.26%, 09/01/2025 (a)(j)	Upstart		09/07/2022		2,747		2,667		2,698
FW3391565.SRDUP, 21.35%, 09/01/2027 (a)(j)	Upstart		09/07/2022		1,748		1,696		1,734
FW3391595.SRDUP, 33.61%, 09/01/2027 (a)(j)(k)	Upstart		09/07/2022		3,200		3,104		2,095
FW3391607.SRDUP, 17.95%, 09/01/2025 (a)(j)	Upstart		09/07/2022		979		950		965
FW3391608.SRDUP, 24.92%, 09/01/2027 (a)(j)	Upstart		09/07/2022		9,912		9,618		9,793
FW3391636.SRDUP, 20.85%, 09/01/2027 (a)(j)	Upstart		09/07/2022		1,980		1,922		1,957
FW3391657.SRDUP, 34.79%, 09/01/2027 (a)(j)	Upstart		09/07/2022		24,434		23,706		24,052
FW3391666.SRDUP, 22.14%, 09/01/2027 (a)(j)	Upstart		09/07/2022		43,929		42,784		43,397
FW3391682.SRDUP, 33.15%, 09/01/2027 (a)(j)	Upstart		09/07/2022		3,575		3,468		3,519
FW3391691.SRDUP, 29.86%, 09/01/2025 (a)(j)	Upstart		09/07/2022		6,416		6,230		6,322
FW3391718.SRDUP, 18.67%, 09/01/2025 (a)(j)	Upstart		09/07/2022		2,833		2,752		2,807
FW3391767.SRDUP, 30.29%, 09/01/2025 (a)(j)	Upstart		09/07/2022		4,519		4,387		4,437
FW3391778.SRDUP, 25.46%, 09/01/2027 (a)(j)	Upstart		09/07/2022		2,280		2,220		2,246
FW3391781.SRDUP, 24.51%, 09/01/2027 (a)(j)	Upstart		09/07/2022		5,350		5,192		5,271
FW3391789.SRDUP, 29.6%, 09/01/2027 (a)(j)	Upstart		09/07/2022		2,100		2,038		2,069
FW3391839.SRDUP, 32.21%, 09/01/2027 (a)(j)	Upstart		09/07/2022		2,085		2,023		2,053
FW3391841.SRDUP, 18.36%, 09/01/2025 (a)(j)	Upstart		09/07/2022		979		951		973
FW3391842.SRDUP, 19.23%, 09/01/2025 (a)(j)	Upstart		09/07/2022		2,252		2,187		2,221
FW3391879.SRDUP, 21.68%, 09/01/2027 (a)(j)	Upstart		09/07/2022		7,923		7,689		7,863
FW3391881.SRDUP, 34.9%, 09/01/2027 (a)(j)	Upstart		09/07/2022		22,746		22,068		22,390
FW3391897.SRDUP, 29.98%, 09/01/2027 (a)(j)	Upstart		09/07/2022		4,267		4,140		4,201
FW3391911.SRDUP, 34.9%, 09/01/2027 (a)(j)	Upstart		09/07/2022		20,400		19,792		20,090
FW3391946.SRDUP, 32.48%, 09/01/2027 (a)(j)	Upstart		09/07/2022		1,688		1,638		1,662
FW3391950.SRDUP, 20.01%, 09/01/2027 (a)(j)	Upstart		09/07/2022		49,497		48,036		48,915
FW3391954.SRDUP, 29.05%, 09/01/2027 (a)(j)	Upstart		09/07/2022		1,389		1,348		1,368
FW3391960.SRDUP, 19.15%, 09/01/2027 (a)(j)	Upstart		09/07/2022		7,720		7,492		7,629
FW3392030.SRDUP, 30.01%, 09/01/2027 (a)(j)	Upstart		09/07/2022		2,132		2,069		2,094
FW3392055.SRDUP, 28.83%, 09/01/2027 (a)(j)(k)	Upstart		09/07/2022		2,960		2,872		2,913
FW3392065.SRDUP, 29.97%, 09/01/2027 (a)(j)	Upstart		09/07/2022		2,679		2,600		2,639
FW3392083.SRDUP, 27.54%, 09/01/2025 (a)(j)	Upstart		09/07/2022		1,617		1,570		1,587
FW3392112.SRDUP, 17.36%, 09/01/2025 (a)(j)	Upstart		09/07/2022		1,957		1,900		1,940
FW3392125.SRDUP, 34.71%, 09/01/2027 (a)(j)	Upstart		09/07/2022		10,627		10,311		10,461
FW3392163.SRDUP, 28.84%, 09/01/2027 (a)(j)	Upstart		09/07/2022		1,587		1,540		1,563
FW3392172.SRDUP, 27.45%, 09/02/2027 (a)(j)	Upstart		09/08/2022		3,555		3,450		3,511
FW3392184.SRDUP, 17.03%, 09/01/2027 (a)(j)	Upstart		09/07/2022		6,232		6,048		6,186
FW3393013.SRDUP, 29.65%, 09/06/2027 (a)(j)	Upstart		09/09/2022		14,883		14,442		14,687
FW3393350.SRDUP, 26.53%, 09/02/2027 (a)(j)	Upstart		09/08/2022		4,462		4,330		4,398
FW3393442.SRDUP, 11.33%, 09/02/2027 (a)(j)	Upstart		09/08/2022		9,874		9,585		9,853
FW3393716.SRDUP, 33.23%, 09/02/2027 (a)(j)	Upstart		09/08/2022		3,575		3,468		3,521
FW3393816.SRDUP, 31.66%, 09/02/2027 (a)(j)	Upstart		09/08/2022		16,776		16,277		16,524
FW3393823.SRDUP, 29.39%, 09/02/2027 (a)(j)	Upstart		09/08/2022		38,199		37,065		37,643
FW3393834.SRDUP, 31.03%, 09/02/2027 (a)(j)	Upstart		09/08/2022		1,390		1,348		1,369
FW3393860.SRDUP, 19.99%, 09/02/2025 (a)(j)	Upstart		09/08/2022		979		951		966
FW3393879.SRDUP, 23.64%, 09/02/2025 (a)(j)	Upstart		09/08/2022		2,941		2,856		2,901
FW3393906.SRDUP, 31.57%, 09/02/2025 (a)(j)	Upstart		09/08/2022		2,064		2,003		2,027
FW3393921.SRDUP, 23.46%, 09/02/2027 (a)(j)	Upstart		09/08/2022		1,998		1,939		1,977
FW3393938.SRDUP, 21.1%, 09/02/2025 (a)(j)	Upstart		09/08/2022		16,360		15,887		16,141
FW3393950.SRDUP, 33.75%, 09/02/2027 (a)(j)	Upstart		09/08/2022		4,369		4,239		4,303
FW3394089.SRDUP, 28.82%, 09/02/2027 (a)(j)	Upstart		09/08/2022		1,878		1,822		1,847
FW3394115.SRDUP, 25.53%, 09/02/2027 (a)(j)	Upstart		09/08/2022		1,983		1,924		1,954
FW3394194.SRDUP, 18.07%, 09/02/2027 (a)(j)(k)	Upstart		09/08/2022		7,000		6,790		3,974
FW3394243.SRDUP, 25.81%, 09/02/2027 (a)(j)	Upstart		09/08/2022		1,685		1,635		1,661

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

96

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3394253.SRDUP, 30.52%, 09/02/2027 (a)(j)	Upstart		09/08/2022	$	992	$	963	$	978
FW3394271.SRDUP, 14.9%, 09/02/2027 (a)(j)	Upstart		09/08/2022		8,672		8,417		8,634
FW3394294.SRDUP, 32.93%, 09/02/2027 (a)(j)	Upstart		09/08/2022		5,759		5,587		5,672
FW3394316.SRDUP, 32.6%, 09/02/2027 (a)(j)	Upstart		09/08/2022		1,734		1,683		1,706
FW3394345.SRDUP, 31.44%, 09/02/2027 (a)(j)	Upstart		09/08/2022		29,778		28,893		29,331
FW3394348.SRDUP, 33.36%, 09/02/2027 (a)(j)	Upstart		09/08/2022		2,582		2,505		2,543
FW3394390.SRDUP, 27.09%, 09/02/2027 (a)(j)	Upstart		09/08/2022		5,485		5,323		5,443
FW3394524.SRDUP, 31.23%, 09/02/2027 (a)(j)	Upstart		09/08/2022		22,400		21,734		22,113
FW3394559.SRDUP, 27.04%, 09/02/2025 (a)(j)	Upstart		09/08/2022		1,178		1,143		1,162
FW3394562.SRDUP, 33.19%, 09/02/2027 (a)(j)	Upstart		09/08/2022		19,877		19,286		19,613
FW3394585.SRDUP, 31.57%, 09/02/2027 (a)(j)	Upstart		09/08/2022		1,390		1,348		1,369
FW3394632.SRDUP, 28.05%, 09/02/2027 (a)(j)	Upstart		09/08/2022		4,959		4,812		4,886
FW3394639.SRDUP, 24.59%, 09/02/2025 (a)(j)	Upstart		09/08/2022		7,220		7,011		7,116
FW3394733.SRDUP, 29.28%, 09/02/2025 (a)(j)	Upstart		09/08/2022		4,910		4,784		4,824
FW3394736.SRDUP, 33.68%, 09/02/2027 (a)(j)	Upstart		09/08/2022		4,965		4,817		4,890
FW3394739.SRDUP, 33.89%, 09/02/2027 (a)(j)(k)	Upstart		09/08/2022		4,025		3,905		3,958
FW3394765.SRDUP, 34.33%, 09/02/2027 (a)(j)	Upstart		09/08/2022		5,959		5,802		5,869
FW3394769.SRDUP, 32.91%, 09/02/2027 (a)(j)	Upstart		09/08/2022		2,085		2,023		2,054
FW3394775.SRDUP, 34.16%, 09/02/2027 (a)(j)	Upstart		09/08/2022		6,555		6,359		6,455
FW3394809.SRDUP, 15.08%, 09/02/2027 (a)(j)	Upstart		09/08/2022		5,819		5,648		5,777
FW3394816.SRDUP, 29.97%, 09/02/2027 (a)(j)	Upstart		09/08/2022		3,471		3,368		3,419
FW3394855.SRDUP, 29.54%, 09/02/2027 (a)(j)	Upstart		09/08/2022		1,389		1,348		1,368
FW3394873.SRDUP, 27.45%, 09/02/2025 (a)(j)	Upstart		09/08/2022		1,487		1,444		1,471
FW3394887.SRDUP, 24.06%, 09/02/2027 (a)(j)	Upstart		09/08/2022		9,910		9,616		9,768
FW3394890.SRDUP, 34.35%, 09/02/2027 (a)(j)	Upstart		09/08/2022		6,952		6,745		6,847
FW3394891.SRDUP, 21.89%, 09/02/2027 (a)(j)	Upstart		09/08/2022		43,297		42,024		42,846
FW3394942.SRDUP, 32.97%, 09/02/2025 (a)(j)	Upstart		09/08/2022		5,898		5,726		5,793
FW3394992.SRDUP, 16.05%, 09/02/2027 (a)(j)	Upstart		09/08/2022		32,197		31,245		31,963
FW3395002.SRDUP, 27.44%, 09/02/2027 (a)(j)	Upstart		09/08/2022		2,777		2,695		2,737
FW3395034.SRDUP, 24.83%, 09/02/2027 (a)(j)	Upstart		09/08/2022		27,554		26,738		27,151
FW3395077.SRDUP, 33.93%, 09/02/2027 (a)(j)	Upstart		09/08/2022		3,674		3,565		3,619
FW3395114.SRDUP, 33.38%, 09/02/2027 (a)(j)	Upstart		09/08/2022		2,582		2,505		2,543
FW3395145.SRDUP, 33.96%, 09/02/2025 (a)(j)	Upstart		09/08/2022		7,866		7,637		7,719
FW3395148.SRDUP, 32.03%, 09/02/2027 (a)(j)	Upstart		09/08/2022		4,269		4,142		4,204
FW3395210.SRDUP, 29.75%, 09/02/2025 (a)(j)	Upstart		09/08/2022		5,733		5,566		5,629
FW3395231.SRDUP, 20.83%, 09/02/2027 (a)(j)	Upstart		09/08/2022		11,090		10,800		10,933
FW3395232.SRDUP, 29.72%, 09/02/2027 (a)(j)(k)	Upstart		09/08/2022		9,906		9,612		9,758
FW3395243.SRDUP, 9.9%, 09/02/2025 (a)(j)	Upstart		09/08/2022		9,759		9,480		9,717
FW3395244.SRDUP, 34.35%, 09/02/2027 (a)(j)	Upstart		09/08/2022		5,959		5,782		5,869
FW3395271.SRDUP, 23.03%, 09/02/2027 (a)(j)	Upstart		09/08/2022		14,861		14,421		14,688
FW3395285.SRDUP, 15.35%, 09/02/2025 (a)(j)	Upstart		09/08/2022		3,921		3,809		3,894
FW3395340.SRDUP, 31.87%, 09/02/2027 (a)(j)	Upstart		09/08/2022		8,981		8,715		8,842
FW3398692.SRDUP, 30.06%, 09/06/2027 (a)(j)	Upstart		09/09/2022		1,985		1,933		1,958
FW3399302.SRDUP, 10.61%, 09/06/2027 (a)(j)	Upstart		09/09/2022		47,187		45,803		47,098
FW3400399.SRDUP, 32.16%, 09/06/2027 (a)(j)	Upstart		09/09/2022		2,879		2,793		2,841
FW3401114.SRDUP, 34%, 09/06/2027 (a)(j)	Upstart		09/09/2022		3,855		3,740		3,802
FW3401125.SRDUP, 26.3%, 09/06/2027 (a)(j)	Upstart		09/09/2022		6,940		6,735		6,893
FW3401153.SRDUP, 30.81%, 09/06/2027 (a)(j)	Upstart		09/09/2022		1,092		1,059		1,077
FW3401342.SRDUP, 27.85%, 09/06/2025 (a)(j)	Upstart		09/09/2022		2,249		2,183		2,213
FW3401466.SRDUP, 28.93%, 09/06/2027 (a)(j)	Upstart		09/09/2022		4,960		4,813		4,895
FW3401482.SRDUP, 34.37%, 09/06/2027 (a)(j)	Upstart		09/09/2022		6,128		5,945		6,044
FW3401543.SRDUP, 30.71%, 09/06/2027 (a)(j)	Upstart		09/09/2022		1,092		1,059		1,077
FW3401732.SRDUP, 34.63%, 09/06/2027 (a)(j)	Upstart		09/09/2022		12,912		12,528		12,738
FW3401733.SRDUP, 28.09%, 09/06/2027 (a)(j)	Upstart		09/09/2022		6,531		6,360		6,445
FW3401741.SRDUP, 32.7%, 09/06/2027 (a)(j)	Upstart		09/09/2022		2,284		2,216		2,253
FW3401789.SRDUP, 16.65%, 09/06/2027 (a)(j)	Upstart		09/09/2022		16,319		15,838		16,212
FW3401844.SRDUP, 13.55%, 09/06/2027 (a)(j)	Upstart		09/09/2022		1,976		1,918		1,969

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

97

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3401923.SRDUP, 29.26%, 09/06/2025 (a)(j)	Upstart		09/09/2022	$	6,579	$	6,389	$	6,469
FW3401949.SRDUP, 25.79%, 09/06/2025 (a)(j)	Upstart		09/09/2022		3,924		3,810		3,863
FW3401956.SRDUP, 30.85%, 09/06/2025 (a)(j)	Upstart		09/09/2022		3,832		3,720		3,771
FW3402005.SRDUP, 33.56%, 09/06/2027 (a)(j)	Upstart		09/09/2022		3,078		2,987		3,037
FW3402025.SRDUP, 26.61%, 09/06/2025 (a)(j)	Upstart		09/09/2022		5,201		5,050		5,120
FW3402068.SRDUP, 18.67%, 09/06/2027 (a)(j)	Upstart		09/09/2022		2,771		2,689		2,753
FW3402095.SRDUP, 33.38%, 09/06/2027 (a)(j)	Upstart		09/09/2022		5,461		5,299		5,388
FW3402261.SRDUP, 34.43%, 09/06/2027 (a)(j)	Upstart		09/09/2022		6,356		6,167		6,271
FW3402288.SRDUP, 22.68%, 09/06/2025 (a)(j)	Upstart		09/09/2022		1,960		1,910		1,937
FW3402447.SRDUP, 15.12%, 09/06/2025 (a)(j)	Upstart		09/09/2022		2,929		2,845		2,907
FW3402478.SRDUP, 34.66%, 09/06/2027 (a)(j)	Upstart		09/09/2022		11,621		11,275		11,464
FW3402560.SRDUP, 29.71%, 09/06/2027 (a)(j)	Upstart		09/09/2022		24,310		23,589		23,989
FW3402644.SRDUP, 30.58%, 09/06/2027 (a)(j)	Upstart		09/09/2022		17,864		17,334		17,627
FW3402647.SRDUP, 18.09%, 09/06/2027 (a)(j)	Upstart		09/09/2022		27,011		26,215		26,834
FW3402662.SRDUP, 33.2%, 09/06/2027 (a)(j)	Upstart		09/09/2022		2,372		2,301		2,340
FW3479023.SRDUP, 29.93%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,400		2,328		2,381
FW3495500.SRDUP, 29.99%, 10/13/2027 (a)(j)	Upstart		10/18/2022		12,000		11,640		11,920
FW3496038.SRDUP, 18.33%, 10/13/2025 (a)(j)	Upstart		10/18/2022		1,000		970		994
FW3497840.SRDUP, 24.46%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,200		1,164		1,192
FW3497901.SRDUP, 17.34%, 10/13/2027 (a)(j)	Upstart		10/18/2022		15,222		14,768		15,171
FW3498416.SRDUP, 30.04%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,400		3,298		3,373
FW3499212.SRDUP, 25.91%, 10/13/2025 (a)(j)	Upstart		10/18/2022		8,500		8,246		8,444
FW3499282.SRDUP, 25.6%, 10/13/2027 (a)(j)	Upstart		10/18/2022		10,800		10,476		10,715
FW3499318.SRDUP, 27.64%, 10/13/2027 (a)(j)	Upstart		10/18/2022		8,900		8,633		8,841
FW3499323.SRDUP, 24.17%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,700		1,649		1,689
FW3499342.SRDUP, 29.93%, 10/13/2027 (a)(j)	Upstart		10/18/2022		6,800		6,620		6,745
FW3499546.SRDUP, 25.8%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,500		4,365		4,464
FW3499581.SRDUP, 24.52%, 10/13/2027 (a)(j)	Upstart		10/18/2022		17,400		16,878		17,306
FW3499634.SRDUP, 24.31%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,300		2,231		2,285
FW3499705.SRDUP, 29.21%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,400		1,358		1,389
FW3499709.SRDUP, 23.87%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,500		1,455		1,492
FW3499754.SRDUP, 27.16%, 10/13/2025 (a)(j)	Upstart		10/18/2022		1,400		1,358		1,388
FW3499758.SRDUP, 11.55%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,000		970		998
FW3499772.SRDUP, 28.67%, 10/13/2027 (a)(j)	Upstart		10/18/2022		7,800		7,566		7,738
FW3499773.SRDUP, 26.76%, 10/13/2027 (a)(j)	Upstart		10/18/2022		5,000		4,850		4,960
FW3499814.SRDUP, 29.62%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,300		2,231		2,282
FW3499818.SRDUP, 19.72%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,400		3,298		3,382
FW3499836.SRDUP, 20.93%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,396		3,294		3,374
FW3499837.SRDUP, 27.98%, 10/13/2027 (a)(j)	Upstart		10/18/2022		10,000		9,700		9,920
FW3499839.SRDUP, 29.37%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,500		1,455		1,488
FW3499853.SRDUP, 29.93%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,400		2,328		2,381
FW3499856.SRDUP, 26.88%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,300		2,231		2,282
FW3499873.SRDUP, 29.53%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,400		1,358		1,389
FW3499876.SRDUP, 23.1%, 10/13/2027 (a)(j)	Upstart		10/18/2022		41,300		40,061		41,030
FW3499879.SRDUP, 17.31%, 10/13/2027 (a)(j)	Upstart		10/18/2022		7,800		7,593		7,775
FW3499882.SRDUP, 25.15%, 10/13/2025 (a)(j)	Upstart		10/18/2022		12,800		12,417		12,690
FW3499923.SRDUP, 29.63%, 10/13/2027 (a)(j)	Upstart		10/18/2022		6,500		6,305		6,448
FW3499968.SRDUP, 19.82%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,000		3,880		3,979
FW3499976.SRDUP, 28.02%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,844		4,699		4,806
FW3499977.SRDUP, 11.97%, 10/13/2027 (a)(j)	Upstart		10/18/2022		8,000		7,761		7,985
FW3499993.SRDUP, 18.48%, 10/13/2027 (a)(j)	Upstart		10/18/2022		6,700		6,499		6,678
FW3499999.SRDUP, 30.04%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,400		2,328		2,381
FW3500029.SRDUP, 29.56%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,800		2,726		2,778
FW3500035.SRDUP, 28.37%, 10/13/2027 (a)(j)	Upstart		10/18/2022		36,200		35,114		35,911
FW3500039.SRDUP, 29.98%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,300		1,266		1,290
FW3500053.SRDUP, 27.47%, 10/13/2025 (a)(j)	Upstart		10/18/2022		2,400		2,328		2,379
FW3500096.SRDUP, 27.38%, 10/13/2025 (a)(j)	Upstart		10/18/2022		1,000		970		993

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

98

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3500123.SRDUP, 27.89%, 10/13/2027 (a)(j)	Upstart		10/18/2022	$	10,000	$	9,700	$	9,920
FW3500131.SRDUP, 15.16%, 10/13/2027 (a)(j)	Upstart		10/18/2022		27,800		26,967		27,712
FW3500140.SRDUP, 29.94%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,500		2,425		2,480
FW3500145.SRDUP, 25.65%, 10/13/2027 (a)(j)	Upstart		10/18/2022		10,800		10,476		10,729
FW3500172.SRDUP, 23.64%, 10/13/2027 (a)(j)	Upstart		10/18/2022		30,000		29,205		29,839
FW3500176.SRDUP, 29.93%, 10/13/2027 (a)(j)	Upstart		10/18/2022		5,400		5,238		5,370
FW3500211.SRDUP, 12.15%, 10/13/2027 (a)(j)	Upstart		10/18/2022		11,200		10,904		11,180
FW3500223.SRDUP, 25.75%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,800		2,716		2,782
FW3500238.SRDUP, 28.64%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,100		1,071		1,094
FW3500263.SRDUP, 12.51%, 10/13/2027 (a)(j)	Upstart		10/18/2022		15,000		14,551		14,973
FW3500283.SRDUP, 29.57%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,600		1,552		1,591
FW3500291.SRDUP, 29.93%, 10/13/2027 (a)(j)	Upstart		10/18/2022		9,400		9,118		9,368
FW3500296.SRDUP, 21.42%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,500		2,425		2,487
FW3500297.SRDUP, 18.45%, 10/13/2027 (a)(j)	Upstart		10/18/2022		22,300		21,631		22,228
FW3500298.SRDUP, 29.5%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,100		1,071		1,091
FW3500319.SRDUP, 29.13%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,000		3,880		3,973
FW3500322.SRDUP, 19.73%, 10/13/2027 (a)(j)	Upstart		10/18/2022		16,000		15,520		15,916
FW3500327.SRDUP, 29.67%, 10/13/2027 (a)(j)	Upstart		10/18/2022		15,600		15,132		15,475
FW3500335.SRDUP, 26.54%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,000		3,880		3,974
FW3500340.SRDUP, 23.58%, 10/13/2025 (a)(j)	Upstart		10/18/2022		6,000		5,821		5,961
FW3500342.SRDUP, 20.29%, 10/13/2027 (a)(j)	Upstart		10/18/2022		25,000		24,250		24,868
FW3500372.SRDUP, 23%, 10/13/2027 (a)(j)	Upstart		10/18/2022		13,400		13,045		13,312
FW3500392.SRDUP, 30%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,000		974		992
FW3500395.SRDUP, 15.25%, 10/13/2025 (a)(j)	Upstart		10/18/2022		16,700		16,203		16,630
FW3500397.SRDUP, 29.48%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,000		3,880		3,968
FW3500398.SRDUP, 16.89%, 10/13/2025 (a)(j)	Upstart		10/18/2022		6,000		5,821		5,975
FW3500428.SRDUP, 28.33%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,700		2,619		2,682
FW3500435.SRDUP, 29.64%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,900		1,843		1,885
FW3500450.SRDUP, 27.44%, 10/13/2027 (a)(j)	Upstart		10/18/2022		6,000		5,820		5,952
FW3500464.SRDUP, 25.56%, 10/13/2025 (a)(j)	Upstart		10/18/2022		2,300		2,231		2,280
FW3500490.SRDUP, 26.51%, 10/13/2027 (a)(j)	Upstart		10/18/2022		13,000		12,610		12,897
FW3500521.SRDUP, 24.81%, 10/13/2025 (a)(j)	Upstart		10/18/2022		2,800		2,716		2,782
FW3500523.SRDUP, 27.39%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,000		2,910		2,984
FW3500536.SRDUP, 12.55%, 10/13/2027 (a)(j)	Upstart		10/18/2022		15,000		14,551		14,973
FW3500545.SRDUP, 28.98%, 10/13/2027 (a)(j)	Upstart		10/18/2022		27,000		26,190		26,820
FW3500552.SRDUP, 23.27%, 10/13/2025 (a)(j)	Upstart		10/18/2022		5,000		4,851		4,967
FW3500553.SRDUP, 27.33%, 10/13/2025 (a)(j)	Upstart		10/18/2022		1,900		1,843		1,884
FW3500560.SRDUP, 28.6%, 10/13/2027 (a)(j)	Upstart		10/18/2022		22,300		21,631		22,122
FW3500575.SRDUP, 25.61%, 10/13/2027 (a)(j)	Upstart		10/18/2022		6,000		5,820		5,960
FW3500577.SRDUP, 22.11%, 10/13/2027 (a)(j)	Upstart		10/18/2022		11,000		10,670		10,964
FW3500578.SRDUP, 16.33%, 10/13/2027 (a)(j)	Upstart		10/18/2022		17,000		16,491		16,946
FW3500590.SRDUP, 22.38%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,800		3,686		3,780
FW3500595.SRDUP, 27.47%, 10/13/2025 (a)(j)	Upstart		10/18/2022		1,000		970		991
FW3500596.SRDUP, 30.01%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,400		4,268		4,365
FW3500598.SRDUP, 25.42%, 10/13/2027 (a)(j)	Upstart		10/18/2022		44,600		43,262		44,306
FW3500603.SRDUP, 29.08%, 10/13/2027 (a)(j)	Upstart		10/18/2022		15,000		14,550		14,880
FW3500616.SRDUP, 18.76%, 10/13/2025 (a)(j)	Upstart		10/18/2022		15,000		14,553		14,904
FW3500621.SRDUP, 29.79%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,900		1,843		1,885
FW3500623.SRDUP, 24.79%, 10/13/2025 (a)(j)	Upstart		10/18/2022		4,500		4,365		4,462
FW3500625.SRDUP, 27.39%, 10/13/2025 (a)(j)	Upstart		10/18/2022		1,100		1,067		1,091
FW3500650.SRDUP, 28.87%, 10/13/2027 (a)(j)	Upstart		10/18/2022		6,000		5,820		5,952
FW3500656.SRDUP, 34.46%, 10/13/2027 (a)(j)	Upstart		10/18/2022		7,000		6,790		6,943
FW3500671.SRDUP, 27.52%, 10/13/2025 (a)(j)	Upstart		10/18/2022		3,800		3,686		3,775
FW3500703.SRDUP, 28.02%, 10/13/2027 (a)(j)	Upstart		10/18/2022		11,700		11,349		11,607
FW3500705.SRDUP, 30.08%, 10/13/2027 (a)(j)	Upstart		10/18/2022		20,100		19,497		19,939
FW3500721.SRDUP, 29.74%, 10/13/2027 (a)(j)	Upstart		10/18/2022		49,900		48,403		49,500
FW3500728.SRDUP, 23.77%, 10/13/2025 (a)(j)	Upstart		10/18/2022		4,500		4,366		4,471

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

99

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
FW3500732.SRDUP, 24.3%, 10/13/2027 (a)(j)	Upstart		10/18/2022	$	6,700	$	6,499	$	6,664
FW3500736.SRDUP, 30.01%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,600		1,552		1,587
FW3500743.SRDUP, 24.1%, 10/13/2027 (a)(j)	Upstart		10/18/2022		15,600		15,187		15,498
FW3500761.SRDUP, 22.35%, 10/13/2025 (a)(j)	Upstart		10/18/2022		4,500		4,366		4,471
FW3500765.SRDUP, 23.74%, 10/13/2027 (a)(j)	Upstart		10/18/2022		16,700		16,199		16,569
FW3500768.SRDUP, 29.79%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,176		1,141		1,166
FW3500778.SRDUP, 26.15%, 10/13/2025 (a)(j)	Upstart		10/18/2022		5,000		4,850		4,957
FW3500784.SRDUP, 29.82%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,300		2,231		2,282
FW3500785.SRDUP, 29.95%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,700		2,619		2,678
FW3500786.SRDUP, 29.96%, 10/13/2027 (a)(j)	Upstart		10/18/2022		9,000		8,730		8,928
FW3500793.SRDUP, 30.02%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,500		1,455		1,488
FW3500796.SRDUP, 24.93%, 10/13/2025 (a)(j)	Upstart		10/18/2022		7,000		6,791		6,940
FW3500804.SRDUP, 24.54%, 10/13/2025 (a)(j)	Upstart		10/18/2022		1,000		970		991
FW3500812.SRDUP, 27.42%, 10/13/2027 (a)(j)	Upstart		10/18/2022		11,200		10,864		11,139
FW3500921.SRDUP, 12.21%, 10/13/2025 (a)(j)	Upstart		10/18/2022		2,300		2,232		2,294
FW3500931.SRDUP, 29.45%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,500		4,365		4,464
FW3500941.SRDUP, 22.77%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,800		1,746		1,788
FW3500943.SRDUP, 27.44%, 10/13/2027 (a)(j)	Upstart		10/18/2022		11,200		10,864		11,126
FW3500951.SRDUP, 29.33%, 10/13/2027 (a)(j)	Upstart		10/18/2022		5,000		4,850		4,960
FW3500994.SRDUP, 29.27%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,000		970		992
FW3500998.SRDUP, 28.63%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,700		4,559		4,669
FW3501022.SRDUP, 11.8%, 10/13/2027 (a)(j)	Upstart		10/18/2022		44,500		43,170		44,419
FW3501027.SRDUP, 27.51%, 10/13/2027 (a)(j)	Upstart		10/18/2022		18,900		18,399		18,750
FW3501054.SRDUP, 27.15%, 10/13/2027 (a)(j)	Upstart		10/18/2022		11,000		10,670		10,913
FW3501071.SRDUP, 27.32%, 10/13/2027 (a)(j)	Upstart		10/18/2022		14,100		13,677		13,988
FW3501080.SRDUP, 28.48%, 10/13/2027 (a)(j)	Upstart		10/18/2022		41,200		39,964		40,871
FW3501100.SRDUP, 22.14%, 10/13/2027 (a)(j)	Upstart		10/18/2022		17,800		17,266		17,705
FW3501118.SRDUP, 28.5%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,500		4,365		4,464
FW3501127.SRDUP, 21.19%, 10/13/2025 (a)(j)	Upstart		10/18/2022		1,000		970		994
FW3501142.SRDUP, 29.97%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,200		1,164		1,190
FW3501152.SRDUP, 27.56%, 10/13/2027 (a)(j)	Upstart		10/18/2022		35,000		33,950		34,722
FW3501162.SRDUP, 26.17%, 10/13/2027 (a)(j)	Upstart		10/18/2022		7,500		7,275		7,441
FW3501180.SRDUP, 16.17%, 10/13/2027 (a)(j)	Upstart		10/18/2022		23,500		22,796		23,425
FW3501197.SRDUP, 29.09%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,200		1,164		1,190
FW3501198.SRDUP, 25.77%, 10/13/2025 (a)(j)	Upstart		10/18/2022		1,200		1,164		1,190
FW3501227.SRDUP, 30.05%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,600		2,522		2,583
FW3501229.SRDUP, 26.78%, 10/13/2027 (a)(j)	Upstart		10/18/2022		11,200		10,864		11,111
FW3501251.SRDUP, 18.41%, 10/13/2027 (a)(j)	Upstart		10/18/2022		12,000		11,640		11,961
FW3501258.SRDUP, 29.73%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,100		1,067		1,091
FW3501262.SRDUP, 29.26%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,000		2,910		2,976
FW3501264.SRDUP, 26.76%, 10/13/2027 (a)(j)	Upstart		10/18/2022		6,000		5,820		5,952
FW3501289.SRDUP, 29.85%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,300		3,201		3,274
FW3501295.SRDUP, 29.8%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,000		1,940		1,984
FW3501303.SRDUP, 29.89%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,900		2,823		2,877
FW3501308.SRDUP, 28.56%, 10/13/2027 (a)(j)	Upstart		10/18/2022		6,700		6,499		6,647
FW3501310.SRDUP, 29.7%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,200		1,164		1,190
FW3501329.SRDUP, 27.65%, 10/13/2027 (a)(j)	Upstart		10/18/2022		9,000		8,730		8,928
FW3501338.SRDUP, 29.94%, 10/13/2027 (a)(j)	Upstart		10/18/2022		11,800		11,446		11,721
FW3501368.SRDUP, 24.11%, 10/13/2027 (a)(j)	Upstart		10/18/2022		15,000		14,550		14,882
FW3501398.SRDUP, 21.49%, 10/13/2027 (a)(j)	Upstart		10/18/2022		50,000		48,500		49,675
L3265831.SRDUP, 23.14%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,460		1,460		1,444
L3268810.SRDUP, 19.1%, 07/22/2027 (a)(j)	Upstart		07/27/2022		7,757		7,757		7,716
L3279284.SRDUP, 24.4%, 07/20/2027 (a)(j)	Upstart		07/25/2022		2,143		2,143		2,119
L3282815.SRDUP, 20.86%, 07/18/2027 (a)(j)	Upstart		07/21/2022		33,991		33,991		33,671
L3283486.SRDUP, 16.28%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,902		2,902		2,886
L3283655.SRDUP, 24.33%, 07/20/2027 (a)(j)(k)	Upstart		07/25/2022		11,851		11,851		11,252
L3288703.SRDUP, 17.47%, 07/19/2027 (a)(j)	Upstart		07/22/2022		3,873		3,873		3,850

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

100

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3288889.SRDUP, 20.6%, 07/18/2027 (a)(j)	Upstart		07/21/2022	$	4,623	$	4,623	$	4,587
L3290827.SRDUP, 21.72%, 07/19/2027 (a)(j)	Upstart		07/22/2022		14,189		14,189		14,060
L3290939.SRDUP, 16.53%, 07/19/2027 (a)(j)	Upstart		07/22/2022		32,312		32,312		32,123
L3291069.SRDUP, 24.26%, 07/18/2027 (a)(j)	Upstart		07/21/2022		2,817		2,817		2,790
L3291096.SRDUP, 23.75%, 07/19/2027 (a)(j)	Upstart		07/22/2022		1,168		1,168		1,158
L3291098.SRDUP, 19.78%, 07/18/2027 (a)(j)	Upstart		07/21/2022		4,269		4,269		4,229
L3291148.SRDUP, 14.82%, 07/19/2027 (a)(j)	Upstart		07/22/2022		3,863		3,863		3,841
L3291149.SRDUP, 21.66%, 07/18/2025 (a)(j)	Upstart		07/21/2022		4,697		4,697		4,648
L3291157.SRDUP, 24.36%, 07/18/2027 (a)(j)	Upstart		07/21/2022		9,253		9,253		9,165
L3291176.SRDUP, 18.37%, 07/18/2027 (a)(j)	Upstart		07/21/2022		896		896		891
L3291291.SRDUP, 21.66%, 07/18/2025 (a)(j)	Upstart		07/21/2022		1,343		1,343		1,326
L3291319.SRDUP, 24.33%, 07/18/2027 (a)(j)	Upstart		07/21/2022		4,480		4,480		4,428
L3291359.SRDUP, 16.88%, 07/18/2027 (a)(j)	Upstart		07/21/2022		4,808		4,808		4,773
L3291468.SRDUP, 24.41%, 07/22/2027 (a)(j)	Upstart		07/27/2022		3,464		3,464		3,419
L3291531.SRDUP, 26.4%, 07/19/2027 (a)(j)	Upstart		07/22/2022		9,853		9,853		9,762
L3291551.SRDUP, 21.55%, 07/19/2027 (a)(j)	Upstart		07/22/2022		3,304		3,304		3,267
L3291594.SRDUP, 19.14%, 07/19/2027 (a)(j)(k)	Upstart		07/22/2022		14,108		14,156		13,419
L3291614.SRDUP, 19.03%, 07/19/2027 (a)(j)	Upstart		07/22/2022		3,685		3,685		3,663
L3291615.SRDUP, 24.31%, 07/19/2027 (a)(j)	Upstart		07/22/2022		1,558		1,558		1,544
L3291621.SRDUP, 24.41%, 07/19/2027 (a)(j)	Upstart		07/22/2022		28,441		28,441		28,119
L3291691.SRDUP, 13.34%, 07/19/2027 (a)(j)	Upstart		07/22/2022		7,704		7,704		7,650
L3291740.SRDUP, 23.24%, 07/19/2027 (a)(j)	Upstart		07/22/2022		13,623		13,623		13,469
L3291772.SRDUP, 17.28%, 07/19/2027 (a)(j)	Upstart		07/22/2022		5,421		5,421		5,390
L3291813.SRDUP, 24.2%, 07/19/2027 (a)(j)	Upstart		07/22/2022		4,285		4,285		4,236
L3291872.SRDUP, 23.71%, 07/19/2027 (a)(j)	Upstart		07/22/2022		6,133		6,133		6,063
L3291879.SRDUP, 24.41%, 07/19/2027 (a)(j)	Upstart		07/22/2022		1,656		1,661		1,637
L3291907.SRDUP, 24.4%, 07/19/2027 (a)(j)	Upstart		07/22/2022		6,818		6,818		6,741
L3291992.SRDUP, 24.35%, 07/19/2027 (a)(j)	Upstart		07/22/2022		7,597		7,597		7,511
L3292033.SRDUP, 18.2%, 07/19/2027 (a)(j)	Upstart		07/22/2022		14,534		14,534		14,449
L3292086.SRDUP, 24.15%, 07/19/2027 (a)(j)	Upstart		07/22/2022		27,072		27,072		26,825
L3292091.SRDUP, 9.84%, 07/19/2027 (a)(j)	Upstart		07/22/2022		7,688		7,688		7,676
L3292141.SRDUP, 14.93%, 07/19/2027 (a)(j)	Upstart		07/22/2022		19,218		19,218		19,136
L3292188.SRDUP, 24.2%, 07/19/2027 (a)(j)	Upstart		07/22/2022		1,461		1,461		1,444
L3292189.SRDUP, 18.56%, 07/22/2027 (a)(j)	Upstart		07/27/2022		31,310		31,310		29,743
L3292206.SRDUP, 22.62%, 07/19/2027 (a)(j)	Upstart		07/22/2022		10,272		10,272		10,159
L3292210.SRDUP, 18.6%, 07/19/2027 (a)(j)	Upstart		07/22/2022		10,662		10,662		10,599
L3292268.SRDUP, 24.07%, 07/19/2027 (a)(j)	Upstart		07/22/2022		13,145		13,145		13,025
L3292269.SRDUP, 21.49%, 07/19/2027 (a)(j)	Upstart		07/22/2022		7,774		7,774		7,703
L3292285.SRDUP, 20.95%, 07/19/2027 (a)(j)	Upstart		07/22/2022		1,651		1,651		1,636
L3292286.SRDUP, 21.53%, 07/19/2027 (a)(j)	Upstart		07/22/2022		12,145		12,145		12,034
L3292293.SRDUP, 19.3%, 07/19/2027 (a)(j)	Upstart		07/22/2022		4,849		4,849		4,805
L3292304.SRDUP, 12.31%, 07/19/2027 (a)(j)	Upstart		07/22/2022		30,927		30,927		30,820
L3292306.SRDUP, 21%, 07/19/2025 (a)(j)	Upstart		07/22/2022		4,694		4,694		4,647
L3292335.SRDUP, 24.3%, 07/19/2027 (a)(j)	Upstart		07/22/2022		1,461		1,461		1,448
L3292347.SRDUP, 20.06%, 07/19/2025 (a)(j)	Upstart		07/22/2022		4,690		4,690		4,642
L3292349.SRDUP, 20.94%, 07/19/2025 (a)(j)	Upstart		07/22/2022		1,220		1,224		1,208
L3292376.SRDUP, 19.31%, 07/19/2025 (a)(j)	Upstart		07/22/2022		8,435		8,463		8,350
L3292401.SRDUP, 21.17%, 12/19/2027 (a)(j)(k)	Upstart		07/22/2022		2,944		2,944		2,925
L3292406.SRDUP, 20.05%, 07/19/2027 (a)(j)	Upstart		07/22/2022		3,882		3,882		3,847
L3292418.SRDUP, 20.73%, 07/19/2027 (a)(j)	Upstart		07/22/2022		11,420		11,420		11,276
L3292424.SRDUP, 24.05%, 07/19/2027 (a)(j)(k)	Upstart		07/22/2022		4,466		4,466		4,278
L3292425.SRDUP, 23.78%, 07/19/2027 (a)(j)	Upstart		07/22/2022		6,523		6,523		6,449
L3292457.SRDUP, 18.59%, 07/19/2027 (a)(j)	Upstart		07/22/2022		7,269		7,269		7,203
L3292483.SRDUP, 21.53%, 07/19/2027 (a)(j)	Upstart		07/22/2022		9,079		9,079		8,977
L3292484.SRDUP, 17.39%, 07/19/2027 (a)(j)	Upstart		07/22/2022		7,718		7,718		7,685
L3292493.SRDUP, 18.76%, 07/19/2027 (a)(j)	Upstart		07/22/2022		1,163		1,163		1,157
L3292501.SRDUP, 17.83%, 07/19/2027 (a)(j)	Upstart		07/22/2022		26,927		26,927		26,769

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

101

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3292511.SRDUP, 23.98%, 07/19/2027 (a)(j)	Upstart		07/22/2022	$	9,750	$	9,750	$	9,640
L3292537.SRDUP, 21.03%, 07/19/2027 (a)(j)	Upstart		07/22/2022		11,319		11,319		11,190
L3292538.SRDUP, 13.06%, 07/19/2027 (a)(j)	Upstart		07/22/2022		3,769		3,781		3,756
L3292584.SRDUP, 15.32%, 07/19/2027 (a)(j)	Upstart		07/22/2022		966		966		961
L3292655.SRDUP, 17.26%, 07/19/2025 (a)(j)	Upstart		07/22/2022		938		938		933
L3292688.SRDUP, 24.2%, 07/19/2027 (a)(j)	Upstart		07/22/2022		2,240		2,240		2,214
L3292702.SRDUP, 23.84%, 07/19/2027 (a)(j)(k)	Upstart		07/22/2022		1,188		1,188		1,132
L3292703.SRDUP, 15.6%, 07/19/2027 (a)(j)	Upstart		07/22/2022		28,321		28,321		28,155
L3293908.SRDUP, 22.82%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,167		1,167		1,157
L3294053.SRDUP, 10.92%, 07/20/2027 (a)(j)	Upstart		07/25/2022		48,104		48,104		48,032
L3294496.SRDUP, 16.02%, 07/20/2027 (a)(j)	Upstart		07/25/2022		6,479		6,479		6,442
L3294776.SRDUP, 26.75%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		3,462		3,462		3,444
L3294888.SRDUP, 21.11%, 07/20/2027 (a)(j)	Upstart		07/25/2022		2,233		2,233		2,209
L3294907.SRDUP, 20.96%, 07/20/2027 (a)(j)	Upstart		07/25/2022		48,562		48,562		48,031
L3294929.SRDUP, 24.4%, 07/20/2027 (a)(j)	Upstart		07/25/2022		2,435		2,435		2,408
L3294963.SRDUP, 12.45%, 07/20/2025 (a)(j)	Upstart		07/25/2022		930		930		926
L3295007.SRDUP, 24.33%, 07/20/2027 (a)(j)	Upstart		07/25/2022		974		974		963
L3295087.SRDUP, 24.33%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,656		1,656		1,638
L3295117.SRDUP, 11.03%, 07/20/2027 (a)(j)(k)	Upstart		07/25/2022		48,755		48,755		46,219
L3295150.SRDUP, 24.32%, 07/20/2027 (a)(j)(k)	Upstart		07/25/2022		15,296		15,349		14,601
L3295171.SRDUP, 20.62%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,942		1,942		1,931
L3295185.SRDUP, 19.25%, 07/20/2027 (a)(j)	Upstart		07/25/2022		17,588		17,588		17,451
L3295187.SRDUP, 21.54%, 07/20/2027 (a)(j)	Upstart		07/25/2022		2,916		2,916		2,891
L3295286.SRDUP, 24.38%, 07/20/2027 (a)(j)	Upstart		07/25/2022		3,986		3,986		3,957
L3295296.SRDUP, 17.83%, 07/20/2027 (a)(j)	Upstart		07/25/2022		9,686		9,686		9,631
L3295312.SRDUP, 24.12%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,350		1,350		1,336
L3295314.SRDUP, 15.36%, 07/20/2027 (a)(j)	Upstart		07/25/2022		9,664		9,664		9,609
L3295330.SRDUP, 17.04%, 07/20/2027 (a)(j)	Upstart		07/25/2022		24,197		24,197		24,060
L3295527.SRDUP, 11.77%, 07/21/2027 (a)(j)	Upstart		07/26/2022		15,407		15,407		15,357
L3295622.SRDUP, 18.14%, 07/20/2025 (a)(j)	Upstart		07/25/2022		936		936		931
L3295635.SRDUP, 22.54%, 07/20/2027 (a)(j)	Upstart		07/25/2022		22,368		22,368		22,123
L3295719.SRDUP, 21.8%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,555		1,555		1,541
L3295740.SRDUP, 16.93%, 07/20/2025 (a)(j)	Upstart		07/25/2022		6,839		6,839		6,799
L3295754.SRDUP, 18.51%, 07/20/2027 (a)(j)	Upstart		07/25/2022		22,043		22,043		21,887
L3295812.SRDUP, 23.63%, 07/20/2027 (a)(j)	Upstart		07/25/2022		2,434		2,434		2,407
L3295833.SRDUP, 16.66%, 07/20/2027 (a)(j)	Upstart		07/25/2022		7,740		7,740		7,696
L3295847.SRDUP, 24.29%, 07/20/2027 (a)(j)	Upstart		07/25/2022		20,257		20,257		20,078
L3295869.SRDUP, 22.91%, 07/20/2027 (a)(j)	Upstart		07/25/2022		973		973		962
L3295929.SRDUP, 10.65%, 07/20/2027 (a)(j)	Upstart		07/25/2022		5,771		5,771		5,762
L3295938.SRDUP, 21.8%, 07/20/2027 (a)(j)	Upstart		07/25/2022		12,635		12,635		12,524
L3295957.SRDUP, 14.74%, 07/20/2025 (a)(j)	Upstart		07/25/2022		13,991		13,991		13,922
L3295998.SRDUP, 11.03%, 07/20/2025 (a)(j)	Upstart		07/25/2022		4,656		4,671		4,638
L3296001.SRDUP, 21.8%, 07/20/2027 (a)(j)	Upstart		07/25/2022		24,211		24,211		23,952
L3296005.SRDUP, 18.09%, 07/20/2025 (a)(j)	Upstart		07/25/2022		2,153		2,153		2,132
L3296010.SRDUP, 10.92%, 07/20/2027 (a)(j)	Upstart		07/25/2022		9,621		9,621		9,606
L3296020.SRDUP, 21.94%, 07/20/2027 (a)(j)	Upstart		07/25/2022		3,723		3,723		3,682
L3296030.SRDUP, 24.19%, 07/20/2027 (a)(j)	Upstart		07/25/2022		14,172		14,172		13,980
L3296053.SRDUP, 24.32%, 07/20/2027 (a)(j)	Upstart		07/25/2022		7,889		7,889		7,819
L3296077.SRDUP, 19.61%, 07/20/2025 (a)(j)	Upstart		07/25/2022		5,625		5,625		5,570
L3296098.SRDUP, 24.25%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,753		1,753		1,734
L3296115.SRDUP, 24.22%, 07/20/2027 (a)(j)(k)	Upstart		07/25/2022		4,031		4,031		3,836
L3296144.SRDUP, 24.09%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,948		1,948		1,931
L3296164.SRDUP, 23.6%, 07/20/2027 (a)(j)	Upstart		07/25/2022		6,486		6,486		6,399
L3296182.SRDUP, 16.23%, 07/21/2027 (a)(j)	Upstart		07/26/2022		4,836		4,836		4,809
L3296234.SRDUP, 24.12%, 07/20/2027 (a)(j)	Upstart		07/25/2022		3,895		3,895		3,861
L3296260.SRDUP, 24.28%, 07/20/2027 (a)(j)	Upstart		07/25/2022		2,045		2,045		2,023
L3296277.SRDUP, 11.15%, 07/20/2027 (a)(j)	Upstart		07/25/2022		962		962		961

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

102

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3296311.SRDUP, 9.72%, 07/20/2025 (a)(j)	Upstart		07/25/2022	$	5,524	$	5,524	$	5,497
L3296324.SRDUP, 24.3%, 07/20/2027 (a)(j)	Upstart		07/25/2022		4,285		4,285		4,238
L3296347.SRDUP, 24.05%, 07/20/2027 (a)(j)	Upstart		07/25/2022		1,558		1,558		1,541
L3296349.SRDUP, 13.33%, 07/20/2027 (a)(j)	Upstart		07/25/2022		15,913		15,913		15,860
L3296360.SRDUP, 15.82%, 07/20/2025 (a)(j)	Upstart		07/25/2022		7,456		7,456		7,408
L3296432.SRDUP, 17.9%, 07/20/2027 (a)(j)	Upstart		07/25/2022		5,812		5,812		5,779
L3296449.SRDUP, 23.99%, 07/20/2027 (a)(j)	Upstart		07/25/2022		3,895		3,895		3,861
L3296542.SRDUP, 16.31%, 07/20/2027 (a)(j)	Upstart		07/25/2022		16,830		16,830		16,773
L3296721.SRDUP, 17.81%, 07/21/2025 (a)(j)	Upstart		07/26/2022		14,037		14,037		13,905
L3296889.SRDUP, 9.69%, 08/02/2027 (a)(j)	Upstart		08/05/2022		9,739		9,458		9,720
L3296952.SRDUP, 20.36%, 07/21/2027 (a)(j)(k)	Upstart		07/26/2022		11,200		11,239		2,295
L3297187.SRDUP, 24.2%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,266		1,266		1,255
L3297380.SRDUP, 20.18%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,165		1,165		1,155
L3297695.SRDUP, 23.68%, 07/21/2027 (a)(j)	Upstart		07/26/2022		2,239		2,239		2,215
L3297731.SRDUP, 18.32%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,163		1,163		1,156
L3297779.SRDUP, 24.2%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,610		1,610		1,591
L3297783.SRDUP, 19.35%, 07/21/2027 (a)(j)	Upstart		07/26/2022		7,759		7,759		7,716
L3297815.SRDUP, 14.37%, 07/21/2025 (a)(j)	Upstart		07/26/2022		1,865		1,865		1,856
L3298015.SRDUP, 13.99%, 07/21/2027 (a)(j)	Upstart		07/26/2022		6,602		6,602		6,575
L3298066.SRDUP, 20.29%, 07/21/2027 (a)(j)	Upstart		07/26/2022		19,414		19,414		19,307
L3298107.SRDUP, 14.9%, 07/21/2027 (a)(j)	Upstart		07/26/2022		8,389		8,389		8,333
L3298192.SRDUP, 11.35%, 07/22/2025 (a)(j)	Upstart		07/27/2022		929		929		926
L3298210.SRDUP, 17.38%, 07/21/2027 (a)(j)	Upstart		07/26/2022		15,975		16,029		15,887
L3298216.SRDUP, 16.63%, 07/21/2025 (a)(j)	Upstart		07/26/2022		3,645		3,645		3,625
L3298270.SRDUP, 10.7%, 07/21/2025 (a)(j)	Upstart		07/26/2022		7,757		7,757		7,721
L3298278.SRDUP, 20.6%, 07/21/2027 (a)(j)	Upstart		07/26/2022		2,233		2,233		2,214
L3298279.SRDUP, 24.37%, 07/21/2027 (a)(j)	Upstart		07/26/2022		6,039		6,059		5,989
L3298280.SRDUP, 16.01%, 07/21/2027 (a)(j)	Upstart		07/26/2022		17,839		17,899		17,719
L3298301.SRDUP, 21.46%, 07/21/2027 (a)(j)	Upstart		07/26/2022		5,441		5,441		5,384
L3298306.SRDUP, 14.33%, 07/21/2025 (a)(j)	Upstart		07/26/2022		3,729		3,729		3,711
L3298312.SRDUP, 10.25%, 07/21/2027 (a)(j)	Upstart		07/26/2022		34,610		34,610		34,560
L3298313.SRDUP, 22.74%, 07/21/2027 (a)(j)	Upstart		07/26/2022		6,031		6,031		5,979
L3298320.SRDUP, 18.26%, 07/21/2025 (a)(j)	Upstart		07/26/2022		2,341		2,341		2,319
L3298321.SRDUP, 17.55%, 07/21/2025 (a)(j)	Upstart		07/26/2022		1,871		1,871		1,853
L3298339.SRDUP, 16.93%, 07/21/2025 (a)(j)	Upstart		07/26/2022		1,870		1,870		1,859
L3298342.SRDUP, 21.97%, 07/21/2027 (a)(j)	Upstart		07/26/2022		29,960		29,960		29,648
L3298343.SRDUP, 23.21%, 07/21/2027 (a)(j)	Upstart		07/26/2022		11,677		11,677		11,577
L3298354.SRDUP, 14.05%, 07/21/2027 (a)(j)	Upstart		07/26/2022		7,680		7,680		7,628
L3298356.SRDUP, 24.38%, 07/21/2027 (a)(j)(k)	Upstart		07/26/2022		1,180		1,180		1,125
L3298363.SRDUP, 18.13%, 07/21/2027 (a)(j)	Upstart		07/26/2022		2,916		2,916		2,900
L3298367.SRDUP, 21.94%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,458		1,458		1,446
L3298384.SRDUP, 20.12%, 07/21/2027 (a)(j)	Upstart		07/26/2022		43,671		43,671		43,430
L3298391.SRDUP, 18.82%, 07/21/2027 (a)(j)	Upstart		07/26/2022		6,786		6,786		6,728
L3298404.SRDUP, 23.97%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,363		1,363		1,351
L3298433.SRDUP, 18.5%, 07/21/2027 (a)(j)	Upstart		07/26/2022		2,908		2,908		2,891
L3298434.SRDUP, 23.13%, 07/21/2027 (a)(j)	Upstart		07/26/2022		14,595		14,595		14,440
L3298443.SRDUP, 14.46%, 07/21/2027 (a)(j)	Upstart		07/26/2022		7,731		7,731		7,688
L3298445.SRDUP, 23.97%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,363		1,363		1,349
L3298448.SRDUP, 15.61%, 07/21/2027 (a)(j)	Upstart		07/26/2022		48,330		48,330		48,063
L3298457.SRDUP, 17.9%, 07/21/2027 (a)(j)	Upstart		07/26/2022		5,322		5,322		5,286
L3298461.SRDUP, 19.96%, 07/21/2027 (a)(j)	Upstart		07/26/2022		9,681		9,681		9,616
L3298489.SRDUP, 20.03%, 07/21/2027 (a)(j)	Upstart		07/26/2022		27,685		27,685		27,533
L3298494.SRDUP, 19.83%, 07/21/2025 (a)(j)	Upstart		07/26/2022		2,409		2,409		2,376
L3298508.SRDUP, 17.3%, 07/21/2027 (a)(j)	Upstart		07/26/2022		11,617		11,617		11,553
L3298533.SRDUP, 14.03%, 07/21/2027 (a)(j)(k)	Upstart		07/26/2022		6,570		6,570		6,233
L3298581.SRDUP, 18.25%, 07/21/2027 (a)(j)	Upstart		07/26/2022		14,534		14,534		14,454
L3298584.SRDUP, 16.45%, 07/21/2027 (a)(j)	Upstart		07/26/2022		6,771		6,771		6,734

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

103

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3298607.SRDUP, 20.95%, 07/21/2027 (a)(j)	Upstart		07/26/2022	$	18,076	$	18,076	$	17,887
L3298608.SRDUP, 13.55%, 07/21/2027 (a)(j)	Upstart		07/26/2022		1,929		1,929		1,923
L3298613.SRDUP, 19.79%, 07/21/2027 (a)(j)	Upstart		07/26/2022		14,556		14,556		14,476
L3298614.SRDUP, 12.12%, 07/21/2027 (a)(j)	Upstart		07/26/2022		14,449		14,449		14,402
L3298621.SRDUP, 12.01%, 07/21/2027 (a)(j)	Upstart		07/26/2022		12,714		12,714		12,672
L3298658.SRDUP, 17.4%, 07/21/2027 (a)(j)	Upstart		07/26/2022		9,198		9,198		9,147
L3298669.SRDUP, 24.15%, 07/21/2027 (a)(j)	Upstart		07/26/2022		9,835		9,835		9,755
L3298670.SRDUP, 13.82%, 07/21/2025 (a)(j)	Upstart		07/26/2022		5,002		5,002		4,972
L3298673.SRDUP, 9.91%, 07/21/2025 (a)(j)	Upstart		07/26/2022		4,630		4,630		4,608
L3298677.SRDUP, 15.73%, 07/21/2027 (a)(j)	Upstart		07/26/2022		7,734		7,734		7,691
L3298680.SRDUP, 14%, 07/21/2027 (a)(j)	Upstart		07/26/2022		3,281		3,281		3,263
L3298698.SRDUP, 14.63%, 07/21/2027 (a)(j)	Upstart		07/26/2022		19,314		19,314		19,207
L3298700.SRDUP, 15.26%, 07/21/2027 (a)(j)	Upstart		07/26/2022		24,157		24,157		24,023
L3299382.SRDUP, 23.03%, 07/22/2027 (a)(j)	Upstart		07/27/2022		9,651		9,651		9,585
L3299583.SRDUP, 24.04%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,947		1,947		1,930
L3299969.SRDUP, 20.95%, 07/22/2027 (a)(j)	Upstart		07/27/2022		6,799		6,799		6,743
L3300640.SRDUP, 21.15%, 07/22/2025 (a)(j)	Upstart		07/27/2022		7,846		7,846		7,766
L3300781.SRDUP, 18.92%, 07/22/2025 (a)(j)	Upstart		07/27/2022		3,749		3,749		3,715
L3301225.SRDUP, 12.79%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,952		1,895		1,944
L3301230.SRDUP, 24.28%, 07/22/2027 (a)(j)(k)	Upstart		07/27/2022		983		983		936
L3301445.SRDUP, 26.76%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,066		2,005		2,035
L3301492.SRDUP, 17.07%, 07/22/2027 (a)(j)	Upstart		07/27/2022		3,872		3,872		3,851
L3301845.SRDUP, 24.08%, 07/22/2027 (a)(j)	Upstart		07/27/2022		6,812		6,812		6,767
L3301932.SRDUP, 16.54%, 07/22/2027 (a)(j)	Upstart		07/27/2022		24,766		24,766		24,634
L3301939.SRDUP, 23.78%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,823		2,823		2,794
L3301951.SRDUP, 16.9%, 07/22/2027 (a)(j)(k)	Upstart		07/27/2022		3,035		3,035		2,882
L3301991.SRDUP, 22.02%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,916		2,916		2,892
L3301996.SRDUP, 24.3%, 07/22/2027 (a)(j)	Upstart		07/27/2022		963		963		949
L3302000.SRDUP, 10.94%, 07/22/2027 (a)(j)	Upstart		07/27/2022		26,543		26,543		26,495
L3302031.SRDUP, 23.66%, 07/22/2027 (a)(j)	Upstart		07/27/2022		14,542		14,542		14,395
L3302139.SRDUP, 23.26%, 07/22/2027 (a)(j)	Upstart		07/27/2022		29,193		29,193		28,951
L3302201.SRDUP, 24.2%, 07/22/2027 (a)(j)	Upstart		07/27/2022		3,701		3,701		3,663
L3302203.SRDUP, 24.02%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,753		1,753		1,735
L3302210.SRDUP, 24.3%, 07/22/2027 (a)(j)	Upstart		07/27/2022		3,896		3,896		3,856
L3302285.SRDUP, 9.54%, 07/22/2025 (a)(j)	Upstart		07/27/2022		3,431		3,431		3,418
L3302358.SRDUP, 19.61%, 07/22/2025 (a)(j)	Upstart		07/27/2022		3,750		3,750		3,716
L3302377.SRDUP, 19.49%, 07/22/2027 (a)(j)	Upstart		07/27/2022		17,557		17,557		17,463
L3302433.SRDUP, 24.09%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,948		1,948		1,931
L3302554.SRDUP, 20.36%, 07/22/2025 (a)(j)	Upstart		07/27/2022		938		941		930
L3302579.SRDUP, 24.22%, 07/22/2027 (a)(j)	Upstart		07/27/2022		18,503		18,503		18,313
L3302589.SRDUP, 12.26%, 07/22/2027 (a)(j)	Upstart		07/27/2022		346		346		346
L3302824.SRDUP, 13.35%, 07/22/2027 (a)(j)	Upstart		07/27/2022		13,502		13,548		13,430
L3302862.SRDUP, 13.36%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,447		1,447		1,442
L3302921.SRDUP, 18.39%, 07/22/2027 (a)(j)	Upstart		07/27/2022		6,224		6,224		6,180
L3302938.SRDUP, 24.37%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		9,100		9,100		1,990
L3303010.SRDUP, 23.22%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,919		2,919		2,904
L3303115.SRDUP, 24.13%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,824		2,824		2,795
L3303191.SRDUP, 16.68%, 07/22/2027 (a)(j)	Upstart		07/27/2022		15,481		15,481		15,398
L3303226.SRDUP, 21.72%, 07/22/2025 (a)(j)	Upstart		07/27/2022		13,196		13,237		13,078
L3303292.SRDUP, 19.03%, 07/22/2025 (a)(j)	Upstart		07/27/2022		6,525		6,525		6,485
L3303301.SRDUP, 23.73%, 07/22/2027 (a)(j)	Upstart		07/27/2022		1,266		1,266		1,253
L3303372.SRDUP, 24.33%, 07/22/2027 (a)(j)	Upstart		07/27/2022		2,630		2,630		2,608
L3303535.SRDUP, 12.58%, 07/26/2027 (a)(j)	Upstart		07/29/2022		12,046		12,087		12,013
L3304210.SRDUP, 20.61%, 07/25/2027 (a)(j)	Upstart		07/28/2022		4,855		4,855		4,819
L3304312.SRDUP, 15.67%, 07/25/2027 (a)(j)	Upstart		07/28/2022		6,186		6,186		6,157
L3304403.SRDUP, 24.1%, 07/25/2027 (a)(j)	Upstart		07/28/2022		4,479		4,479		4,438
L3304415.SRDUP, 15.97%, 07/25/2025 (a)(j)	Upstart		07/28/2022		5,604		5,604		5,578

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

104

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3304475.SRDUP, 15.48%, 07/25/2027 (a)(j)	Upstart		07/28/2022	$	32,377	$	32,377	$	32,220
L3304489.SRDUP, 24.35%, 07/25/2027 (a)(j)	Upstart		07/28/2022		5,844		5,844		5,790
L3304500.SRDUP, 23.76%, 07/25/2027 (a)(j)	Upstart		07/28/2022		2,531		2,531		2,508
L3304544.SRDUP, 24.4%, 07/25/2027 (a)(j)	Upstart		07/28/2022		7,597		7,597		7,548
L3304576.SRDUP, 22.93%, 07/25/2027 (a)(j)	Upstart		07/28/2022		5,263		5,263		5,200
L3304592.SRDUP, 21.37%, 07/25/2027 (a)(j)	Upstart		07/28/2022		8,550		8,550		8,487
L3304611.SRDUP, 24.36%, 07/25/2027 (a)(j)	Upstart		07/28/2022		9,058		9,058		9,014
L3304650.SRDUP, 18.55%, 07/25/2027 (a)(j)	Upstart		07/28/2022		3,683		3,683		3,665
L3304654.SRDUP, 20.58%, 07/25/2027 (a)(j)	Upstart		07/28/2022		7,356		7,356		7,311
L3304669.SRDUP, 18.76%, 07/25/2027 (a)(j)	Upstart		07/28/2022		4,847		4,847		4,824
L3304673.SRDUP, 24.34%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,266		1,266		1,254
L3304686.SRDUP, 14.98%, 07/25/2027 (a)(j)	Upstart		07/28/2022		4,347		4,347		4,326
L3304693.SRDUP, 13.67%, 07/25/2027 (a)(j)	Upstart		07/28/2022		28,943		28,943		28,860
L3304867.SRDUP, 21.38%, 07/25/2027 (a)(j)	Upstart		07/28/2022		5,830		5,830		5,776
L3304894.SRDUP, 19.91%, 07/25/2027 (a)(j)	Upstart		07/28/2022		10,674		10,674		10,623
L3304898.SRDUP, 19.25%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,627		1,627		1,617
L3304935.SRDUP, 12.34%, 07/25/2027 (a)(j)	Upstart		07/28/2022		5,396		5,396		5,380
L3304999.SRDUP, 24.11%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		4,326		4,326		4,298
L3305013.SRDUP, 9.95%, 07/25/2027 (a)(j)	Upstart		07/28/2022		2,607		2,607		2,603
L3305014.SRDUP, 22.37%, 07/25/2027 (a)(j)	Upstart		07/28/2022		30,922		30,922		30,693
L3305021.SRDUP, 11.57%, 07/25/2027 (a)(j)	Upstart		07/28/2022		9,339		9,339		9,327
L3305031.SRDUP, 24.4%, 07/25/2027 (a)(j)	Upstart		07/28/2022		3,799		3,799		3,764
L3305053.SRDUP, 24.22%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,071		1,071		1,066
L3305091.SRDUP, 24.38%, 07/25/2027 (a)(j)	Upstart		07/28/2022		2,435		2,435		2,413
L3305130.SRDUP, 21.96%, 07/25/2027 (a)(j)	Upstart		07/28/2022		26,246		26,246		26,051
L3305149.SRDUP, 12.1%, 07/25/2027 (a)(j)	Upstart		07/28/2022		8,167		8,195		8,137
L3305233.SRDUP, 14.86%, 07/25/2027 (a)(j)	Upstart		07/28/2022		16,099		16,099		16,039
L3305248.SRDUP, 16.26%, 07/25/2027 (a)(j)	Upstart		07/28/2022		2,902		2,902		2,888
L3305259.SRDUP, 24.21%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		1,966		1,973		1,954
L3305316.SRDUP, 24.05%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,071		1,071		1,061
L3305321.SRDUP, 21.67%, 07/25/2027 (a)(j)	Upstart		07/28/2022		8,600		8,600		8,520
L3305326.SRDUP, 23.69%, 07/25/2027 (a)(j)	Upstart		07/28/2022		16,257		16,257		16,107
L3305377.SRDUP, 11.47%, 07/25/2025 (a)(j)	Upstart		07/28/2022		9,294		9,324		9,262
L3305415.SRDUP, 24.32%, 07/25/2027 (a)(j)	Upstart		07/28/2022		3,293		3,293		3,254
L3305423.SRDUP, 14.87%, 07/25/2027 (a)(j)	Upstart		07/28/2022		3,864		3,864		3,845
L3305429.SRDUP, 21.22%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,925		1,925		1,913
L3305475.SRDUP, 19.72%, 07/25/2025 (a)(j)	Upstart		07/28/2022		9,376		9,407		9,301
L3305486.SRDUP, 9.45%, 07/25/2025 (a)(j)	Upstart		07/28/2022		4,172		4,172		4,158
L3305539.SRDUP, 24.37%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		4,501		4,501		4,446
L3305566.SRDUP, 23.18%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		22,823		22,823		22,766
L3305582.SRDUP, 11.14%, 07/25/2027 (a)(j)	Upstart		07/28/2022		3,368		3,368		3,358
L3305584.SRDUP, 15.57%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		47,278		47,278		46,983
L3305587.SRDUP, 24.27%, 07/25/2027 (a)(j)	Upstart		07/28/2022		3,391		3,391		3,349
L3305643.SRDUP, 16.41%, 07/25/2027 (a)(j)	Upstart		07/28/2022		30,431		30,431		30,246
L3305645.SRDUP, 11.17%, 07/25/2027 (a)(j)	Upstart		07/28/2022		7,699		7,699		7,676
L3305657.SRDUP, 24.05%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		12,122		12,122		11,974
L3305697.SRDUP, 21.53%, 07/25/2027 (a)(j)	Upstart		07/28/2022		3,401		3,401		3,376
L3305703.SRDUP, 20.6%, 07/25/2027 (a)(j)	Upstart		07/28/2022		37,370		37,370		37,021
L3305774.SRDUP, 23.07%, 07/25/2027 (a)(j)	Upstart		07/28/2022		5,838		5,838		5,784
L3305814.SRDUP, 23.55%, 07/25/2027 (a)(j)(k)	Upstart		07/28/2022		1,183		1,187		1,177
L3305828.SRDUP, 15.54%, 07/25/2027 (a)(j)	Upstart		07/28/2022		13,502		13,547		13,420
L3309405.SRDUP, 20.41%, 07/26/2027 (a)(j)	Upstart		07/29/2022		9,708		9,708		9,639
L3309449.SRDUP, 14.45%, 07/26/2027 (a)(j)	Upstart		07/29/2022		3,283		3,283		3,267
L3309493.SRDUP, 15.78%, 08/01/2027 (a)(j)	Upstart		08/04/2022		11,734		11,394		11,648
L3309530.SRDUP, 23.84%, 07/26/2027 (a)(j)	Upstart		07/29/2022		4,864		4,864		4,811
L3309568.SRDUP, 22.91%, 07/26/2027 (a)(j)	Upstart		07/29/2022		24,321		24,321		24,207
L3309580.SRDUP, 24.06%, 07/26/2027 (a)(j)	Upstart		07/29/2022		2,240		2,240		2,220

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

105

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3309583.SRDUP, 17.55%, 07/26/2025 (a)(j)(k)	Upstart		07/29/2022	$	4,800	$	4,800	$	4,774
L3309588.SRDUP, 15.02%, 07/26/2027 (a)(j)	Upstart		07/29/2022		14,877		14,877		14,808
L3309635.SRDUP, 23.1%, 07/26/2027 (a)(j)	Upstart		07/29/2022		973		973		966
L3309640.SRDUP, 17.81%, 07/26/2025 (a)(j)	Upstart		07/29/2022		3,145		3,145		3,127
L3309665.SRDUP, 12.61%, 07/26/2027 (a)(j)	Upstart		07/29/2022		9,306		9,306		9,271
L3309682.SRDUP, 18.79%, 07/26/2027 (a)(j)	Upstart		07/29/2022		7,763		7,763		7,727
L3309688.SRDUP, 15.37%, 07/26/2027 (a)(j)	Upstart		07/29/2022		5,798		5,798		5,771
L3309704.SRDUP, 14.48%, 07/26/2027 (a)(j)	Upstart		07/29/2022		7,242		7,242		7,208
L3309713.SRDUP, 15.54%, 07/26/2027 (a)(j)	Upstart		07/29/2022		6,476		6,476		6,446
L3309767.SRDUP, 13.33%, 07/26/2027 (a)(j)	Upstart		07/29/2022		11,524		11,524		11,456
L3309835.SRDUP, 24.37%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		1,884		1,884		1,880
L3309855.SRDUP, 17.99%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,912		1,912		1,900
L3309862.SRDUP, 10.63%, 07/26/2027 (a)(j)	Upstart		07/29/2022		15,085		15,085		15,061
L3309888.SRDUP, 15.74%, 07/26/2027 (a)(j)	Upstart		07/29/2022		5,800		5,800		5,773
L3309918.SRDUP, 22.48%, 07/26/2027 (a)(j)	Upstart		07/29/2022		4,712		4,712		4,667
L3309972.SRDUP, 24.34%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		4,031		4,031		4,007
L3309973.SRDUP, 15.31%, 07/26/2027 (a)(j)	Upstart		07/29/2022		9,143		9,143		9,089
L3309983.SRDUP, 18.26%, 07/26/2025 (a)(j)	Upstart		07/29/2022		6,554		6,554		6,524
L3310016.SRDUP, 17.41%, 07/26/2027 (a)(j)	Upstart		07/29/2022		7,068		7,068		7,035
L3310021.SRDUP, 15.62%, 07/26/2025 (a)(j)	Upstart		07/29/2022		3,174		3,185		3,160
L3310033.SRDUP, 24.33%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		3,431		3,431		3,411
L3310076.SRDUP, 14.52%, 07/26/2027 (a)(j)	Upstart		07/29/2022		7,725		7,725		7,689
L3310080.SRDUP, 20.73%, 07/26/2025 (a)(j)(k)	Upstart		07/29/2022		4,800		4,800		4,773
L3310205.SRDUP, 16.26%, 07/26/2025 (a)(j)	Upstart		07/29/2022		2,328		2,335		2,316
L3310251.SRDUP, 19.26%, 07/26/2027 (a)(j)	Upstart		07/29/2022		2,909		2,909		2,896
L3310279.SRDUP, 20.57%, 07/26/2027 (a)(j)	Upstart		07/29/2022		10,195		10,195		10,122
L3310462.SRDUP, 16.12%, 07/26/2025 (a)(j)	Upstart		07/29/2022		4,484		4,484		4,464
L3310473.SRDUP, 15.61%, 07/26/2027 (a)(j)	Upstart		07/29/2022		7,249		7,249		7,229
L3310480.SRDUP, 24.32%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		1,091		1,091		1,090
L3310487.SRDUP, 21.76%, 07/26/2027 (a)(j)	Upstart		07/29/2022		2,041		2,041		2,026
L3310493.SRDUP, 21.57%, 07/26/2025 (a)(j)	Upstart		07/29/2022		14,091		14,091		13,982
L3310527.SRDUP, 21.41%, 07/26/2027 (a)(j)	Upstart		07/29/2022		2,235		2,235		2,219
L3310533.SRDUP, 17.64%, 07/26/2025 (a)(j)	Upstart		07/29/2022		10,440		10,440		10,348
L3310627.SRDUP, 24.37%, 07/27/2027 (a)(j)	Upstart		08/01/2022		11,006		11,006		10,944
L3310657.SRDUP, 24.27%, 07/26/2027 (a)(j)	Upstart		07/29/2022		3,214		3,214		3,185
L3310684.SRDUP, 10.85%, 07/26/2025 (a)(j)(k)	Upstart		07/29/2022		4,776		4,776		4,766
L3310701.SRDUP, 21.37%, 07/26/2027 (a)(j)	Upstart		07/29/2022		21,664		21,664		21,472
L3310739.SRDUP, 24.24%, 07/26/2027 (a)(j)	Upstart		07/29/2022		2,009		2,009		1,985
L3310741.SRDUP, 24.19%, 07/26/2027 (a)(j)(k)	Upstart		07/29/2022		5,357		5,357		5,310
L3310766.SRDUP, 20.52%, 07/26/2027 (a)(j)	Upstart		07/29/2022		32,872		32,872		32,576
L3310792.SRDUP, 24.34%, 07/27/2027 (a)(j)	Upstart		08/01/2022		4,967		4,967		4,933
L3310855.SRDUP, 17.71%, 07/26/2025 (a)(j)	Upstart		07/29/2022		3,275		3,275		3,250
L3310866.SRDUP, 24.21%, 07/27/2027 (a)(j)	Upstart		08/01/2022		4,772		4,772		4,731
L3310870.SRDUP, 13.32%, 07/26/2027 (a)(j)	Upstart		07/29/2022		1,929		1,929		1,923
L3310874.SRDUP, 12.04%, 07/26/2025 (a)(j)	Upstart		07/29/2022		1,106		1,106		1,100
L3310892.SRDUP, 24.35%, 07/26/2027 (a)(j)	Upstart		07/29/2022		15,875		15,875		15,735
L3310898.SRDUP, 14.89%, 07/26/2027 (a)(j)	Upstart		07/29/2022		2,415		2,415		2,404
L3311085.SRDUP, 22.93%, 07/26/2027 (a)(j)	Upstart		07/29/2022		48,316		48,316		47,770
L3311095.SRDUP, 24.39%, 07/27/2027 (a)(j)	Upstart		08/01/2022		5,162		5,162		5,118
L3311406.SRDUP, 23.12%, 07/27/2027 (a)(j)	Upstart		08/01/2022		4,729		4,729		4,677
L3311607.SRDUP, 17.14%, 07/27/2027 (a)(j)(k)	Upstart		08/01/2022		6,919		6,919		6,888
L3311953.SRDUP, 18.54%, 07/27/2025 (a)(j)	Upstart		08/01/2022		3,278		3,278		3,260
L3312038.SRDUP, 9.74%, 07/27/2027 (a)(j)	Upstart		08/01/2022		16,335		16,335		16,316
L3312046.SRDUP, 10.36%, 07/27/2027 (a)(j)	Upstart		08/01/2022		24,038		24,038		24,009
L3312051.SRDUP, 23.44%, 07/27/2027 (a)(j)	Upstart		08/01/2022		32,507		32,507		32,284
L3312082.SRDUP, 19.71%, 07/27/2027 (a)(j)(k)	Upstart		08/01/2022		4,903		4,903		4,888
L3312089.SRDUP, 24.28%, 07/27/2027 (a)(j)(k)	Upstart		08/01/2022		19,658		19,658		19,565

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

106

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3312094.SRDUP, 16.24%, 07/27/2025 (a)(j)	Upstart		08/01/2022	$	10,139	$	10,139	$	10,086
L3312097.SRDUP, 24.32%, 07/27/2027 (a)(j)	Upstart		08/01/2022		4,285		4,285		4,256
L3312110.SRDUP, 16.75%, 07/27/2027 (a)(j)	Upstart		08/01/2022		47,980		47,980		47,700
L3312112.SRDUP, 16.21%, 07/27/2025 (a)(j)	Upstart		08/01/2022		1,868		1,874		1,860
L3312122.SRDUP, 13.66%, 07/27/2027 (a)(j)	Upstart		08/01/2022		7,429		7,429		7,395
L3312155.SRDUP, 15.85%, 07/27/2027 (a)(j)	Upstart		08/01/2022		3,384		3,384		3,369
L3312169.SRDUP, 24.28%, 07/27/2027 (a)(j)	Upstart		08/01/2022		974		974		967
L3312186.SRDUP, 17.92%, 07/27/2025 (a)(j)(k)	Upstart		08/01/2022		2,891		2,891		2,877
L3312187.SRDUP, 24.28%, 07/27/2027 (a)(j)	Upstart		08/01/2022		9,351		9,351		9,272
L3312194.SRDUP, 19.81%, 07/27/2025 (a)(j)	Upstart		08/01/2022		4,689		4,689		4,654
L3312209.SRDUP, 23.84%, 07/27/2027 (a)(j)	Upstart		08/01/2022		1,460		1,460		1,454
L3312211.SRDUP, 16.91%, 07/27/2027 (a)(j)	Upstart		08/01/2022		3,871		3,871		3,854
L3312241.SRDUP, 19.65%, 07/27/2027 (a)(j)	Upstart		08/01/2022		6,791		6,791		6,745
L3312244.SRDUP, 24.04%, 07/27/2027 (a)(j)	Upstart		08/01/2022		1,071		1,071		1,062
L3312274.SRDUP, 24.26%, 07/27/2027 (a)(j)	Upstart		08/01/2022		1,357		1,357		1,349
L3312276.SRDUP, 21.64%, 07/27/2025 (a)(j)	Upstart		08/01/2022		1,864		1,864		1,848
L3312292.SRDUP, 19.3%, 07/27/2027 (a)(j)	Upstart		08/01/2022		20,367		20,367		20,276
L3312295.SRDUP, 15.02%, 07/27/2027 (a)(j)	Upstart		08/01/2022		14,459		14,459		14,377
L3312329.SRDUP, 18.2%, 07/27/2027 (a)(j)	Upstart		08/01/2022		9,108		9,108		9,067
L3312343.SRDUP, 19.03%, 07/27/2025 (a)(j)	Upstart		08/01/2022		10,307		10,307		10,231
L3312347.SRDUP, 12.73%, 07/27/2027 (a)(j)	Upstart		08/01/2022		9,157		9,157		9,132
L3312480.SRDUP, 22.22%, 07/27/2027 (a)(j)	Upstart		08/01/2022		10,444		10,444		10,346
L3312488.SRDUP, 21.64%, 07/27/2027 (a)(j)	Upstart		08/01/2022		14,577		14,577		14,453
L3312490.SRDUP, 16.86%, 07/27/2027 (a)(j)	Upstart		08/01/2022		11,607		11,607		11,542
L3312509.SRDUP, 16.96%, 07/27/2027 (a)(j)	Upstart		08/01/2022		3,387		3,387		3,372
L3312514.SRDUP, 13.17%, 07/27/2027 (a)(j)	Upstart		08/01/2022		3,279		3,279		3,270
L3312518.SRDUP, 20.84%, 07/27/2027 (a)(j)	Upstart		08/01/2022		6,300		6,300		6,242
L3312519.SRDUP, 12.78%, 07/27/2027 (a)(j)	Upstart		08/01/2022		37,497		37,497		37,396
L3312520.SRDUP, 18.72%, 07/27/2027 (a)(j)	Upstart		08/01/2022		3,852		3,852		3,830
L3312553.SRDUP, 16.6%, 07/27/2027 (a)(j)	Upstart		08/01/2022		12,094		12,135		12,039
L3312557.SRDUP, 21.99%, 07/27/2027 (a)(j)	Upstart		08/01/2022		13,804		13,804		13,742
L3312563.SRDUP, 24.35%, 07/27/2027 (a)(j)	Upstart		08/01/2022		2,338		2,338		2,318
L3312566.SRDUP, 24.23%, 07/27/2027 (a)(j)	Upstart		08/01/2022		5,064		5,064		5,029
L3312570.SRDUP, 23.97%, 07/27/2027 (a)(j)	Upstart		08/01/2022		1,266		1,266		1,257
L3312571.SRDUP, 22.12%, 07/27/2027 (a)(j)	Upstart		08/01/2022		12,153		12,153		12,069
L3312578.SRDUP, 17.36%, 07/27/2025 (a)(j)	Upstart		08/01/2022		916		916		911
L3312625.SRDUP, 19.57%, 07/27/2027 (a)(j)	Upstart		08/01/2022		6,740		6,740		6,701
L3312638.SRDUP, 10.94%, 07/27/2027 (a)(j)(k)	Upstart		08/01/2022		16,283		16,283		16,271
L3312670.SRDUP, 14.56%, 07/27/2027 (a)(j)	Upstart		08/01/2022		6,725		6,725		6,701
L3312672.SRDUP, 16.83%, 07/27/2025 (a)(j)	Upstart		08/01/2022		2,898		2,898		2,886
L3312673.SRDUP, 18.47%, 07/27/2027 (a)(j)	Upstart		08/01/2022		9,692		9,692		9,648
L3312683.SRDUP, 11.33%, 07/27/2027 (a)(j)	Upstart		08/01/2022		9,624		9,624		9,613
L3312684.SRDUP, 22.35%, 07/27/2027 (a)(j)	Upstart		08/01/2022		19,448		19,448		19,282
L3312698.SRDUP, 24.28%, 07/27/2027 (a)(j)	Upstart		08/01/2022		1,169		1,169		1,159
L3312795.SRDUP, 17.81%, 07/27/2025 (a)(j)	Upstart		08/01/2022		9,358		9,358		9,321
L3312797.SRDUP, 24.1%, 07/27/2027 (a)(j)	Upstart		08/01/2022		1,948		1,948		1,931
L3312812.SRDUP, 16.76%, 07/27/2025 (a)(j)	Upstart		08/01/2022		1,122		1,122		1,117
L3312824.SRDUP, 21.4%, 07/27/2027 (a)(j)	Upstart		08/01/2022		11,920		11,920		11,813
L3312858.SRDUP, 18.96%, 07/27/2027 (a)(j)	Upstart		08/01/2022		5,817		5,817		5,791
L3312959.SRDUP, 24.34%, 07/27/2027 (a)(j)	Upstart		08/01/2022		13,148		13,148		13,058
L3316279.SRDUP, 20.58%, 08/09/2027 (a)(j)	Upstart		08/12/2022		32,752		31,796		32,438
L3316866.SRDUP, 11.03%, 08/01/2027 (a)(j)	Upstart		08/04/2022		28,764		27,933		28,613
L3317681.SRDUP, 18.62%, 08/01/2027 (a)(j)(k)	Upstart		08/04/2022		1,188		1,152		675
L3318595.SRDUP, 21.13%, 08/01/2027 (a)(j)	Upstart		08/04/2022		5,787		5,619		5,719
L3319584.SRDUP, 21.54%, 08/01/2027 (a)(j)	Upstart		08/04/2022		7,653		7,430		7,562
L3319799.SRDUP, 23.94%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,259		2,193		2,225
L3319805.SRDUP, 24.34%, 08/01/2027 (a)(j)	Upstart		08/04/2022		3,930		3,816		3,873

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

107

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3319806.SRDUP, 10.9%, 08/01/2025 (a)(j)	Upstart		08/04/2022	$	2,128	$	2,069	$	2,116
L3319810.SRDUP, 18.64%, 08/01/2027 (a)(j)	Upstart		08/04/2022		10,187		9,891		10,112
L3319824.SRDUP, 21.32%, 08/01/2027 (a)(j)	Upstart		08/04/2022		5,297		5,143		5,235
L3319826.SRDUP, 15.29%, 08/01/2027 (a)(j)	Upstart		08/04/2022		14,663		14,238		14,556
L3319837.SRDUP, 24.37%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,376		1,335		1,355
L3319872.SRDUP, 24.06%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,474		1,431		1,452
L3319874.SRDUP, 21.05%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,746		2,666		2,714
L3319888.SRDUP, 22.24%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,454		2,382		2,418
L3319897.SRDUP, 23.88%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,751		2,670		2,718
L3319921.SRDUP, 24.34%, 08/01/2027 (a)(j)	Upstart		08/04/2022		8,450		8,203		8,326
L3319928.SRDUP, 17.44%, 08/01/2027 (a)(j)	Upstart		08/04/2022		11,164		10,840		11,082
L3319940.SRDUP, 16.69%, 08/01/2027 (a)(j)	Upstart		08/04/2022		44,835		43,532		44,428
L3319949.SRDUP, 20.19%, 08/01/2027 (a)(j)	Upstart		08/04/2022		11,938		11,580		11,876
L3319952.SRDUP, 24.13%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,474		1,431		1,456
L3319961.SRDUP, 24.39%, 08/01/2027 (a)(j)	Upstart		08/04/2022		4,127		4,006		4,064
L3319966.SRDUP, 22.18%, 08/01/2027 (a)(j)	Upstart		08/04/2022		6,486		6,319		6,393
L3319967.SRDUP, 20.83%, 08/01/2025 (a)(j)	Upstart		08/04/2022		14,102		13,704		13,902
L3319978.SRDUP, 23.89%, 08/01/2027 (a)(j)(k)	Upstart		08/04/2022		1,943		1,892		1,909
L3320008.SRDUP, 21.91%, 08/01/2027 (a)(j)	Upstart		08/04/2022		8,832		8,574		8,727
L3320038.SRDUP, 23.88%, 08/01/2027 (a)(j)(k)	Upstart		08/04/2022		1,700		1,649		1,069
L3320047.SRDUP, 16.55%, 08/01/2027 (a)(j)	Upstart		08/04/2022		663		643		658
L3320071.SRDUP, 22.85%, 08/01/2027 (a)(j)	Upstart		08/04/2022		7,855		7,625		7,739
L3320077.SRDUP, 11.57%, 08/01/2025 (a)(j)	Upstart		08/04/2022		27,640		26,869		27,466
L3320111.SRDUP, 21.21%, 08/01/2025 (a)(j)	Upstart		08/04/2022		960		933		946
L3320114.SRDUP, 16.39%, 08/01/2027 (a)(j)	Upstart		08/04/2022		17,766		17,251		17,607
L3320116.SRDUP, 22.99%, 08/01/2027 (a)(j)	Upstart		08/04/2022		4,747		4,609		4,682
L3320122.SRDUP, 9.83%, 08/01/2027 (a)(j)	Upstart		08/04/2022		48,700		47,459		48,603
L3320127.SRDUP, 18.72%, 08/01/2027 (a)(j)	Upstart		08/04/2022		14,693		14,266		14,585
L3320129.SRDUP, 24.19%, 08/01/2027 (a)(j)	Upstart		08/04/2022		3,046		2,967		3,001
L3320133.SRDUP, 20.46%, 08/01/2027 (a)(j)	Upstart		08/04/2022		13,728		13,328		13,565
L3320138.SRDUP, 13.08%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,367		1,327		1,361
L3320143.SRDUP, 21.76%, 08/01/2025 (a)(j)	Upstart		08/04/2022		8,831		8,582		8,705
L3320160.SRDUP, 24.34%, 08/01/2027 (a)(j)	Upstart		08/04/2022		3,569		3,462		3,515
L3320163.SRDUP, 15.96%, 08/01/2025 (a)(j)	Upstart		08/04/2022		6,502		6,319		6,444
L3320166.SRDUP, 24.4%, 08/01/2027 (a)(j)	Upstart		08/04/2022		18,571		18,029		18,350
L3320167.SRDUP, 19.44%, 08/01/2027 (a)(j)	Upstart		08/04/2022		3,332		3,246		3,293
L3320169.SRDUP, 17.38%, 08/01/2027 (a)(j)	Upstart		08/04/2022		9,690		9,409		9,619
L3320181.SRDUP, 24.06%, 08/01/2027 (a)(j)	Upstart		08/04/2022		5,895		5,723		5,808
L3320189.SRDUP, 23.86%, 08/01/2027 (a)(j)	Upstart		08/04/2022		1,552		1,507		1,524
L3320197.SRDUP, 15.02%, 08/01/2027 (a)(j)	Upstart		08/04/2022		24,088		23,389		23,872
L3320204.SRDUP, 16.56%, 08/01/2025 (a)(j)	Upstart		08/04/2022		8,521		8,282		8,446
L3320212.SRDUP, 18.66%, 08/01/2027 (a)(j)	Upstart		08/04/2022		5,387		5,231		5,348
L3320219.SRDUP, 22.72%, 08/01/2027 (a)(j)	Upstart		08/04/2022		9,636		9,355		9,464
L3320234.SRDUP, 22.78%, 08/01/2027 (a)(j)	Upstart		08/04/2022		39,271		38,125		38,696
L3320246.SRDUP, 23.79%, 08/01/2027 (a)(j)(k)	Upstart		08/04/2022		9,816		9,530		9,644
L3320275.SRDUP, 12.92%, 08/01/2027 (a)(j)	Upstart		08/04/2022		3,319		3,223		3,305
L3320277.SRDUP, 24.37%, 08/01/2027 (a)(j)	Upstart		08/04/2022		5,306		5,151		5,243
L3320281.SRDUP, 20.67%, 08/01/2027 (a)(j)	Upstart		08/04/2022		21,868		21,231		21,707
L3320293.SRDUP, 17.34%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,936		2,851		2,915
L3320338.SRDUP, 19.69%, 08/01/2025 (a)(j)	Upstart		08/04/2022		1,150		1,118		1,134
L3320342.SRDUP, 21.36%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,158		2,095		2,133
L3320357.SRDUP, 11.47%, 08/01/2027 (a)(j)	Upstart		08/04/2022		2,685		2,607		2,670
L3320372.SRDUP, 18.25%, 08/01/2027 (a)(j)	Upstart		08/04/2022		10,380		10,079		10,304
L3320380.SRDUP, 16.07%, 08/01/2027 (a)(j)	Upstart		08/04/2022		21,516		20,892		21,359
L3321504.SRDUP, 17.52%, 08/02/2027 (a)(j)	Upstart		08/05/2022		13,390		13,001		13,270
L3321962.SRDUP, 24.06%, 08/02/2027 (a)(j)	Upstart		08/05/2022		1,670		1,621		1,646
L3322357.SRDUP, 24.17%, 08/02/2027 (a)(j)	Upstart		08/05/2022		1,081		1,049		1,065

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

108

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3324226.SRDUP, 22.84%, 08/03/2027 (a)(j)	Upstart		08/08/2022	$	1,079	$	1,047	$	1,060
L3324242.SRDUP, 24.26%, 08/02/2027 (a)(j)	Upstart		08/05/2022		6,888		6,686		6,787
L3324468.SRDUP, 20.96%, 08/03/2027 (a)(j)	Upstart		08/08/2022		18,145		17,616		17,893
L3324484.SRDUP, 17.42%, 08/02/2025 (a)(j)	Upstart		08/05/2022		6,987		6,790		6,891
L3324749.SRDUP, 19.07%, 08/02/2027 (a)(j)	Upstart		08/05/2022		6,858		6,659		6,779
L3324913.SRDUP, 18.73%, 08/02/2027 (a)(j)	Upstart		08/05/2022		19,591		19,021		19,450
L3324932.SRDUP, 23.29%, 08/02/2027 (a)(j)	Upstart		08/05/2022		982		953		975
L3324959.SRDUP, 17.05%, 08/02/2027 (a)(j)	Upstart		08/05/2022		4,524		4,393		4,484
L3324977.SRDUP, 24.1%, 08/02/2027 (a)(j)	Upstart		08/05/2022		3,851		3,738		3,783
L3324988.SRDUP, 15.03%, 08/02/2027 (a)(j)	Upstart		08/05/2022		7,819		7,592		7,763
L3325019.SRDUP, 14.26%, 08/02/2027 (a)(j)(k)	Upstart		08/05/2022		6,676		6,482		6,641
L3325036.SRDUP, 12.75%, 08/02/2027 (a)(j)	Upstart		08/05/2022		27,326		26,536		27,213
L3325038.SRDUP, 15.67%, 08/02/2025 (a)(j)	Upstart		08/05/2022		5,736		5,575		5,686
L3325048.SRDUP, 18.54%, 08/02/2025 (a)(j)	Upstart		08/05/2022		17,241		16,756		17,003
L3325053.SRDUP, 24.35%, 08/02/2027 (a)(j)	Upstart		08/05/2022		12,774		12,400		12,590
L3325065.SRDUP, 22.06%, 08/02/2027 (a)(j)	Upstart		08/05/2022		6,290		6,107		6,202
L3325074.SRDUP, 13.51%, 08/02/2025 (a)(j)	Upstart		08/05/2022		954		928		949
L3325085.SRDUP, 18.62%, 08/02/2027 (a)(j)	Upstart		08/05/2022		6,269		6,086		6,224
L3325095.SRDUP, 21.99%, 08/02/2027 (a)(j)	Upstart		08/05/2022		6,870		6,669		6,790
L3325107.SRDUP, 22.94%, 08/02/2027 (a)(j)	Upstart		08/05/2022		827		803		812
L3325118.SRDUP, 17.3%, 08/02/2027 (a)(j)	Upstart		08/05/2022		1,664		1,616		1,652
L3325121.SRDUP, 23.95%, 08/02/2027 (a)(j)	Upstart		08/05/2022		1,474		1,431		1,452
L3325164.SRDUP, 15.51%, 08/02/2027 (a)(j)	Upstart		08/05/2022		9,777		9,493		9,707
L3325178.SRDUP, 21.55%, 08/02/2027 (a)(j)	Upstart		08/05/2022		6,377		6,213		6,286
L3325183.SRDUP, 16.91%, 08/02/2027 (a)(j)	Upstart		08/05/2022		24,463		23,752		24,288
L3325184.SRDUP, 24.26%, 08/02/2027 (a)(j)	Upstart		08/05/2022		8,757		8,501		8,678
L3325185.SRDUP, 17.11%, 08/02/2027 (a)(j)	Upstart		08/05/2022		19,572		19,004		19,432
L3325187.SRDUP, 16.96%, 08/02/2027 (a)(j)	Upstart		08/05/2022		3,354		3,256		3,324
L3325205.SRDUP, 21.86%, 08/02/2027 (a)(j)	Upstart		08/05/2022		11,797		11,453		11,661
L3325225.SRDUP, 24.36%, 08/02/2027 (a)(j)	Upstart		08/05/2022		20,831		20,222		20,588
L3325226.SRDUP, 9.74%, 08/02/2027 (a)(j)	Upstart		08/05/2022		3,061		2,983		3,053
L3325228.SRDUP, 24.13%, 08/02/2027 (a)(j)	Upstart		08/05/2022		14,537		14,112		14,284
L3325231.SRDUP, 24.33%, 08/02/2027 (a)(j)	Upstart		08/05/2022		4,225		4,102		4,162
L3325241.SRDUP, 12.78%, 08/02/2027 (a)(j)	Upstart		08/05/2022		19,519		18,954		19,438
L3325257.SRDUP, 21.18%, 08/02/2027 (a)(j)	Upstart		08/05/2022		9,804		9,520		9,668
L3325282.SRDUP, 21.78%, 08/02/2027 (a)(j)	Upstart		08/05/2022		1,186		1,151		1,173
L3325286.SRDUP, 12.54%, 08/02/2027 (a)(j)	Upstart		08/05/2022		5,855		5,685		5,831
L3325288.SRDUP, 11.61%, 08/02/2027 (a)(j)	Upstart		08/05/2022		9,752		9,470		9,733
L3325289.SRDUP, 13.13%, 08/02/2027 (a)(j)	Upstart		08/05/2022		9,762		9,479		9,721
L3325295.SRDUP, 9.16%, 08/05/2025 (a)(j)	Upstart		08/10/2022		6,374		6,196		6,349
L3325301.SRDUP, 22.48%, 08/02/2027 (a)(j)	Upstart		08/05/2022		11,485		11,189		11,321
L3325302.SRDUP, 17.49%, 08/02/2027 (a)(j)	Upstart		08/05/2022		9,789		9,504		9,718
L3325305.SRDUP, 21.4%, 08/02/2027 (a)(j)	Upstart		08/05/2022		24,715		23,996		24,539
L3325310.SRDUP, 23.46%, 08/02/2027 (a)(j)	Upstart		08/05/2022		3,728		3,621		3,662
L3325321.SRDUP, 22.51%, 08/02/2027 (a)(j)	Upstart		08/05/2022		9,816		9,530		9,702
L3325322.SRDUP, 24.35%, 08/02/2027 (a)(j)	Upstart		08/05/2022		8,843		8,585		8,716
L3325325.SRDUP, 23.33%, 08/02/2027 (a)(j)	Upstart		08/05/2022		21,932		21,295		21,678
L3325336.SRDUP, 17.56%, 08/02/2025 (a)(j)	Upstart		08/05/2022		2,761		2,683		2,733
L3325343.SRDUP, 13.52%, 08/02/2027 (a)(j)	Upstart		08/05/2022		3,585		3,481		3,566
L3325345.SRDUP, 13.12%, 08/02/2027 (a)(j)	Upstart		08/05/2022		1,467		1,425		1,461
L3325348.SRDUP, 16.86%, 08/02/2025 (a)(j)	Upstart		08/05/2022		14,351		13,995		14,261
L3325351.SRDUP, 24.2%, 08/02/2027 (a)(j)	Upstart		08/05/2022		1,769		1,717		1,743
L3325362.SRDUP, 11.01%, 08/02/2027 (a)(j)	Upstart		08/05/2022		2,534		2,461		2,529
L3325374.SRDUP, 13.07%, 08/02/2027 (a)(j)(k)	Upstart		08/05/2022		1,954		1,898		1,946
L3325394.SRDUP, 15.94%, 08/02/2025 (a)(j)	Upstart		08/05/2022		5,737		5,576		5,687
L3325403.SRDUP, 19.16%, 08/02/2027 (a)(j)	Upstart		08/05/2022		980		951		973
L3325407.SRDUP, 13.43%, 08/02/2027 (a)(j)	Upstart		08/05/2022		4,882		4,741		4,862

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

109

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3325413.SRDUP, 24.29%, 08/02/2027 (a)(j)	Upstart		08/05/2022	$	2,751	$	2,671	$	2,712
L3325455.SRDUP, 24.19%, 08/02/2027 (a)(j)	Upstart		08/05/2022		2,063		2,003		2,034
L3325512.SRDUP, 15.61%, 08/02/2025 (a)(j)	Upstart		08/05/2022		956		929		948
L3325513.SRDUP, 23.97%, 08/02/2027 (a)(j)(k)	Upstart		08/05/2022		1,500		1,455		508
L3325559.SRDUP, 20.27%, 08/02/2027 (a)(j)	Upstart		08/05/2022		2,893		2,809		2,852
L3325577.SRDUP, 19.96%, 08/02/2027 (a)(j)	Upstart		08/05/2022		5,882		5,730		5,814
L3325596.SRDUP, 14.9%, 08/02/2027 (a)(j)	Upstart		08/05/2022		8,648		8,397		8,572
L3325602.SRDUP, 24.01%, 08/02/2027 (a)(j)	Upstart		08/05/2022		1,627		1,580		1,598
L3325655.SRDUP, 17.23%, 08/02/2027 (a)(j)(k)	Upstart		08/05/2022		5,869		5,698		5,817
L3325657.SRDUP, 22.31%, 08/02/2027 (a)(j)	Upstart		08/05/2022		17,177		16,676		16,931
L3325658.SRDUP, 17.45%, 08/02/2027 (a)(j)	Upstart		08/05/2022		10,767		10,454		10,690
L3325659.SRDUP, 10.94%, 08/02/2025 (a)(j)	Upstart		08/05/2022		3,811		3,704		3,794
L3325663.SRDUP, 23.6%, 08/02/2027 (a)(j)	Upstart		08/05/2022		9,822		9,535		9,681
L3325678.SRDUP, 19.71%, 08/02/2027 (a)(j)	Upstart		08/05/2022		2,156		2,093		2,141
L3325687.SRDUP, 24.1%, 08/02/2027 (a)(j)	Upstart		08/05/2022		1,103		1,071		1,082
L3325691.SRDUP, 9.81%, 08/02/2027 (a)(j)	Upstart		08/05/2022		27,272		26,485		27,219
L3325740.SRDUP, 21.13%, 08/03/2027 (a)(j)	Upstart		08/08/2022		10,790		10,475		10,668
L3326099.SRDUP, 19.68%, 08/03/2025 (a)(j)	Upstart		08/08/2022		5,368		5,217		5,296
L3327144.SRDUP, 18.48%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,567		1,521		1,556
L3327322.SRDUP, 20.74%, 08/03/2027 (a)(j)	Upstart		08/08/2022		5,492		5,332		5,430
L3327339.SRDUP, 24.33%, 08/05/2027 (a)(j)(k)	Upstart		08/10/2022		7,918		7,680		4,811
L3327523.SRDUP, 21.93%, 08/03/2027 (a)(j)	Upstart		08/08/2022		5,495		5,335		5,433
L3327539.SRDUP, 20.36%, 08/03/2027 (a)(j)	Upstart		08/08/2022		11,766		11,423		11,633
L3327783.SRDUP, 24.37%, 08/03/2027 (a)(j)(k)	Upstart		08/08/2022		24,789		24,047		15,607
L3327884.SRDUP, 17.23%, 08/03/2027 (a)(j)	Upstart		08/08/2022		10,766		10,453		10,690
L3327918.SRDUP, 18.14%, 08/03/2027 (a)(j)	Upstart		08/08/2022		48,961		47,536		48,617
L3327950.SRDUP, 24.39%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,670		1,622		1,647
L3327951.SRDUP, 16.12%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,325		3,229		3,302
L3327969.SRDUP, 21.69%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,140		3,048		3,096
L3327996.SRDUP, 18.13%, 08/03/2027 (a)(j)	Upstart		08/08/2022		4,407		4,278		4,376
L3328040.SRDUP, 14.33%, 08/03/2027 (a)(j)	Upstart		08/08/2022		4,103		3,984		4,086
L3328074.SRDUP, 24.38%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,396		1,355		1,370
L3328160.SRDUP, 21.82%, 08/03/2027 (a)(j)	Upstart		08/08/2022		8,439		8,193		8,321
L3328190.SRDUP, 23.97%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,961		3,846		3,907
L3328192.SRDUP, 15.93%, 08/03/2027 (a)(j)	Upstart		08/08/2022		2,143		2,081		2,131
L3328216.SRDUP, 22.2%, 08/03/2027 (a)(j)	Upstart		08/08/2022		13,075		12,693		12,895
L3328221.SRDUP, 24.24%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,081		1,049		1,066
L3328231.SRDUP, 18.05%, 08/03/2027 (a)(j)(k)	Upstart		08/08/2022		2,500		2,425		782
L3328261.SRDUP, 21.25%, 08/03/2027 (a)(j)	Upstart		08/08/2022		6,867		6,666		6,818
L3328315.SRDUP, 23.97%, 08/03/2027 (a)(j)	Upstart		08/08/2022		9,083		8,817		8,957
L3328322.SRDUP, 24.01%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,484		1,441		1,464
L3328330.SRDUP, 13.4%, 08/03/2027 (a)(j)	Upstart		08/08/2022		29,291		28,442		29,172
L3328360.SRDUP, 20.13%, 08/03/2027 (a)(j)	Upstart		08/08/2022		4,314		4,188		4,265
L3328382.SRDUP, 24.22%, 08/03/2027 (a)(j)	Upstart		08/08/2022		983		954		976
L3328430.SRDUP, 18.66%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,918		3,804		3,891
L3328449.SRDUP, 20.61%, 08/03/2027 (a)(j)	Upstart		08/08/2022		5,090		4,942		5,021
L3328477.SRDUP, 24%, 08/03/2027 (a)(j)	Upstart		08/08/2022		2,849		2,766		2,809
L3328484.SRDUP, 18.06%, 08/03/2027 (a)(j)	Upstart		08/08/2022		6,770		6,573		6,694
L3328499.SRDUP, 24.16%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,375		1,335		1,356
L3328509.SRDUP, 17.07%, 08/05/2027 (a)(j)	Upstart		08/10/2022		5,872		5,701		5,832
L3328586.SRDUP, 17.2%, 08/03/2027 (a)(j)	Upstart		08/08/2022		5,866		5,696		5,816
L3328771.SRDUP, 19.34%, 08/03/2027 (a)(j)	Upstart		08/08/2022		5,389		5,233		5,352
L3328781.SRDUP, 12.12%, 08/03/2027 (a)(j)	Upstart		08/08/2022		7,482		7,265		7,444
L3328802.SRDUP, 13.39%, 08/03/2025 (a)(j)	Upstart		08/08/2022		4,295		4,174		4,269
L3328810.SRDUP, 22.4%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,669		1,620		1,645
L3328824.SRDUP, 11.28%, 08/03/2027 (a)(j)	Upstart		08/08/2022		12,480		12,119		12,429
L3328846.SRDUP, 15.15%, 08/03/2027 (a)(j)	Upstart		08/08/2022		7,820		7,619		7,765

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

110

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3328865.SRDUP, 19.98%, 08/03/2027 (a)(j)	Upstart		08/08/2022	$	4,901	$	4,759	$	4,867
L3328874.SRDUP, 24.19%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,832		3,720		3,778
L3328915.SRDUP, 12.77%, 08/03/2027 (a)(j)	Upstart		08/08/2022		48,798		47,385		48,600
L3329055.SRDUP, 14.86%, 08/03/2027 (a)(j)	Upstart		08/08/2022		11,277		10,950		11,180
L3329088.SRDUP, 22.94%, 08/03/2027 (a)(j)	Upstart		08/08/2022		15,317		14,870		15,143
L3329091.SRDUP, 24.11%, 08/03/2027 (a)(j)	Upstart		08/08/2022		982		954		969
L3329098.SRDUP, 14.93%, 08/03/2027 (a)(j)	Upstart		08/08/2022		9,773		9,490		9,705
L3329108.SRDUP, 21%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,177		1,143		1,169
L3329112.SRDUP, 24.32%, 08/03/2027 (a)(j)	Upstart		08/08/2022		4,323		4,197		4,263
L3329189.SRDUP, 24.16%, 08/03/2027 (a)(j)	Upstart		08/08/2022		4,519		4,403		4,456
L3329272.SRDUP, 20.18%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,471		1,428		1,460
L3329389.SRDUP, 11.77%, 08/03/2025 (a)(j)	Upstart		08/08/2022		5,719		5,560		5,685
L3329500.SRDUP, 24.04%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,375		1,335		1,356
L3329522.SRDUP, 22.31%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,963		1,906		1,936
L3329539.SRDUP, 17.36%, 08/03/2027 (a)(j)	Upstart		08/08/2022		22,512		21,857		22,354
L3329542.SRDUP, 12.84%, 08/03/2027 (a)(j)	Upstart		08/08/2022		14,397		13,980		14,324
L3329611.SRDUP, 16.16%, 08/03/2025 (a)(j)	Upstart		08/08/2022		6,694		6,506		6,653
L3329625.SRDUP, 24.05%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,965		1,908		1,938
L3329647.SRDUP, 23.02%, 08/03/2027 (a)(j)	Upstart		08/08/2022		1,473		1,430		1,452
L3329726.SRDUP, 24.3%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,046		2,957		3,003
L3330225.SRDUP, 23.9%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,179		1,144		1,166
L3330321.SRDUP, 17.99%, 08/04/2027 (a)(j)(k)	Upstart		08/09/2022		12,677		12,308		12,569
L3330502.SRDUP, 10.16%, 08/04/2027 (a)(j)	Upstart		08/09/2022		12,665		12,299		12,641
L3330728.SRDUP, 23.69%, 08/04/2027 (a)(j)(k)	Upstart		08/09/2022		4,500		4,365		1,483
L3331070.SRDUP, 20.95%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,464		1,426		1,445
L3331127.SRDUP, 21.27%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,234		1,202		1,217
L3331146.SRDUP, 10.81%, 08/04/2025 (a)(j)	Upstart		08/09/2022		1,905		1,852		1,897
L3331188.SRDUP, 23.41%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,913		1,857		1,886
L3331199.SRDUP, 24.37%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,358		2,289		2,326
L3331252.SRDUP, 24.39%, 08/04/2027 (a)(j)	Upstart		08/09/2022		4,520		4,388		4,458
L3331262.SRDUP, 24.06%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,051		1,021		1,037
L3331276.SRDUP, 23.86%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,474		1,430		1,453
L3331309.SRDUP, 24.36%, 08/04/2027 (a)(j)	Upstart		08/09/2022		4,520		4,388		4,458
L3331315.SRDUP, 24.32%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,063		2,003		2,041
L3331357.SRDUP, 17.44%, 08/04/2025 (a)(j)	Upstart		08/09/2022		8,888		8,667		8,752
L3331419.SRDUP, 22.38%, 08/04/2027 (a)(j)	Upstart		08/09/2022		8,245		8,004		8,133
L3331456.SRDUP, 24.38%, 08/04/2027 (a)(j)	Upstart		08/09/2022		24,860		24,133		24,584
L3331514.SRDUP, 22.63%, 08/04/2027 (a)(j)	Upstart		08/09/2022		3,338		3,240		3,301
L3331573.SRDUP, 23.64%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,277		1,240		1,263
L3331592.SRDUP, 19.09%, 08/04/2025 (a)(j)(k)	Upstart		08/09/2022		3,417		3,315		2,043
L3331681.SRDUP, 15.47%, 08/04/2027 (a)(j)	Upstart		08/09/2022		48,885		47,468		48,552
L3331686.SRDUP, 14.06%, 08/04/2027 (a)(j)	Upstart		08/09/2022		10,744		10,433		10,672
L3331693.SRDUP, 22.32%, 08/04/2027 (a)(j)	Upstart		08/09/2022		6,871		6,670		6,777
L3331769.SRDUP, 21.48%, 08/04/2027 (a)(j)	Upstart		08/09/2022		14,689		14,261		14,564
L3331824.SRDUP, 24.29%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,257		2,191		2,226
L3331918.SRDUP, 19.09%, 08/04/2025 (a)(j)	Upstart		08/09/2022		3,833		3,725		3,783
L3331964.SRDUP, 24.19%, 08/04/2027 (a)(j)	Upstart		08/09/2022		5,600		5,437		5,524
L3331966.SRDUP, 23.2%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,044		2,955		3,007
L3331975.SRDUP, 15.31%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,444		2,373		2,427
L3331978.SRDUP, 16.78%, 08/04/2027 (a)(j)	Upstart		08/09/2022		13,781		13,381		13,688
L3331983.SRDUP, 15.15%, 08/04/2025 (a)(j)	Upstart		08/09/2022		5,351		5,201		5,308
L3332009.SRDUP, 22.87%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,964		1,906		1,937
L3332024.SRDUP, 20.29%, 08/04/2027 (a)(j)	Upstart		08/09/2022		980		952		974
L3332027.SRDUP, 19.09%, 08/04/2025 (a)(j)	Upstart		08/09/2022		1,437		1,397		1,418
L3332058.SRDUP, 15.34%, 08/04/2027 (a)(j)	Upstart		08/09/2022		4,884		4,742		4,843
L3332165.SRDUP, 20.25%, 08/04/2027 (a)(j)(k)	Upstart		08/09/2022		2,282		2,214		1,300
L3332224.SRDUP, 23.74%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,277		1,240		1,260

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

111

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3332227.SRDUP, 16.11%, 08/04/2027 (a)(j)	Upstart		08/09/2022	$	38,046	$	36,940	$	37,786
L3332231.SRDUP, 12.99%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,245		2,180		2,236
L3332261.SRDUP, 26.71%, 08/04/2027 (a)(j)	Upstart		08/09/2022		5,706		5,539		5,625
L3332271.SRDUP, 21.35%, 08/04/2025 (a)(j)	Upstart		08/09/2022		11,515		11,190		11,364
L3332275.SRDUP, 24.35%, 08/04/2027 (a)(j)	Upstart		08/09/2022		21,452		20,822		21,094
L3332276.SRDUP, 20.27%, 08/04/2027 (a)(j)	Upstart		08/09/2022		11,765		11,422		11,684
L3332282.SRDUP, 24.25%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,179		1,145		1,171
L3332301.SRDUP, 24.4%, 08/04/2027 (a)(j)	Upstart		08/09/2022		4,802		4,678		4,722
L3332303.SRDUP, 13.43%, 08/04/2027 (a)(j)	Upstart		08/09/2022		6,835		6,637		6,808
L3332311.SRDUP, 24.29%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,769		1,717		1,744
L3332315.SRDUP, 24.17%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,456		2,384		2,423
L3332323.SRDUP, 24.15%, 08/04/2027 (a)(j)	Upstart		08/09/2022		2,554		2,480		2,520
L3332372.SRDUP, 11.3%, 08/04/2027 (a)(j)	Upstart		08/09/2022		9,750		9,501		9,732
L3332389.SRDUP, 17.52%, 08/04/2027 (a)(j)	Upstart		08/09/2022		4,894		4,752		4,875
L3332392.SRDUP, 20.63%, 08/04/2027 (a)(j)	Upstart		08/09/2022		25,496		24,753		25,321
L3332416.SRDUP, 24.21%, 08/04/2027 (a)(j)	Upstart		08/09/2022		1,965		1,908		1,938
L3332419.SRDUP, 21.12%, 08/04/2027 (a)(j)	Upstart		08/09/2022		5,493		5,333		5,433
L3332438.SRDUP, 16.85%, 08/04/2027 (a)(j)	Upstart		08/09/2022		9,785		9,534		9,718
L3333092.SRDUP, 18.94%, 08/09/2027 (a)(j)	Upstart		08/12/2022		10,953		10,633		10,869
L3333526.SRDUP, 16.48%, 08/05/2027 (a)(j)	Upstart		08/10/2022		2,152		2,090		2,138
L3334163.SRDUP, 23.85%, 08/05/2027 (a)(j)	Upstart		08/10/2022		1,474		1,430		1,454
L3334243.SRDUP, 13.25%, 08/05/2025 (a)(j)	Upstart		08/10/2022		1,287		1,251		1,278
L3334263.SRDUP, 24.4%, 08/05/2027 (a)(j)	Upstart		08/10/2022		3,335		3,238		3,289
L3334276.SRDUP, 13.91%, 08/05/2027 (a)(j)	Upstart		08/10/2022		11,720		11,380		11,675
L3334336.SRDUP, 24.24%, 08/05/2027 (a)(j)	Upstart		08/10/2022		8,253		8,012		8,164
L3334338.SRDUP, 23.54%, 08/05/2027 (a)(j)	Upstart		08/10/2022		1,473		1,430		1,457
L3334343.SRDUP, 18.72%, 08/05/2025 (a)(j)	Upstart		08/10/2022		14,369		13,964		14,186
L3334442.SRDUP, 13.58%, 08/05/2025 (a)(j)	Upstart		08/10/2022		9,545		9,277		9,490
L3334497.SRDUP, 17.06%, 08/05/2027 (a)(j)	Upstart		08/10/2022		6,850		6,651		6,805
L3334522.SRDUP, 22.2%, 08/05/2027 (a)(j)	Upstart		08/10/2022		2,451		2,379		2,411
L3334542.SRDUP, 15.07%, 08/05/2025 (a)(j)	Upstart		08/10/2022		14,230		13,830		14,098
L3334606.SRDUP, 14.89%, 08/05/2025 (a)(j)	Upstart		08/10/2022		21,305		20,707		21,137
L3334616.SRDUP, 24.33%, 08/05/2027 (a)(j)	Upstart		08/10/2022		10,020		9,730		9,926
L3334644.SRDUP, 16.25%, 08/05/2027 (a)(j)	Upstart		08/10/2022		14,085		13,676		13,991
L3334694.SRDUP, 12.97%, 08/05/2027 (a)(j)	Upstart		08/10/2022		8,297		8,056		8,265
L3334702.SRDUP, 24.37%, 08/05/2027 (a)(j)	Upstart		08/10/2022		1,670		1,622		1,652
L3334780.SRDUP, 13.56%, 08/05/2027 (a)(j)	Upstart		08/10/2022		48,823		47,407		48,634
L3334786.SRDUP, 16.68%, 08/05/2027 (a)(j)	Upstart		08/10/2022		7,338		7,124		7,289
L3334798.SRDUP, 13.66%, 08/05/2027 (a)(j)	Upstart		08/10/2022		975		947		970
L3334813.SRDUP, 13.93%, 08/05/2027 (a)(j)	Upstart		08/10/2022		29,398		28,546		29,285
L3334820.SRDUP, 24.32%, 08/05/2027 (a)(j)	Upstart		08/10/2022		3,341		3,243		3,296
L3334837.SRDUP, 19.11%, 08/05/2027 (a)(j)	Upstart		08/10/2022		5,095		4,946		5,075
L3334886.SRDUP, 23.51%, 08/05/2027 (a)(j)	Upstart		08/10/2022		13,768		13,366		13,586
L3334937.SRDUP, 12.64%, 08/05/2027 (a)(j)	Upstart		08/10/2022		1,462		1,419		1,455
L3334967.SRDUP, 21.24%, 08/05/2027 (a)(j)	Upstart		08/10/2022		15,695		15,237		15,488
L3334975.SRDUP, 23.22%, 08/05/2027 (a)(j)	Upstart		08/10/2022		1,964		1,907		1,938
L3335016.SRDUP, 24.3%, 08/05/2027 (a)(j)	Upstart		08/10/2022		8,450		8,203		8,338
L3335028.SRDUP, 24.2%, 08/05/2027 (a)(j)	Upstart		08/10/2022		3,537		3,434		3,499
L3335035.SRDUP, 24.36%, 08/05/2027 (a)(j)	Upstart		08/10/2022		2,709		2,630		2,664
L3335041.SRDUP, 24.28%, 08/05/2027 (a)(j)(k)	Upstart		08/10/2022		2,578		2,501		1,625
L3335049.SRDUP, 24.35%, 08/05/2027 (a)(j)	Upstart		08/10/2022		2,358		2,289		2,333
L3335052.SRDUP, 19.86%, 08/05/2025 (a)(j)	Upstart		08/10/2022		1,507		1,465		1,483
L3335057.SRDUP, 24.2%, 08/05/2027 (a)(j)	Upstart		08/10/2022		982		954		969
L3335122.SRDUP, 18.83%, 08/05/2027 (a)(j)(k)	Upstart		08/10/2022		49,507		48,023		28,186
L3335154.SRDUP, 19.62%, 08/05/2027 (a)(j)	Upstart		08/10/2022		2,254		2,188		2,230
L3335157.SRDUP, 15.14%, 08/05/2027 (a)(j)	Upstart		08/10/2022		19,084		18,529		18,923
L3335167.SRDUP, 24.38%, 08/05/2027 (a)(j)	Upstart		08/10/2022		7,165		6,952		7,042

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

112

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3335193.SRDUP, 9.39%, 08/05/2025 (a)(j)	Upstart		08/10/2022	$	5,233	$	5,087	$	5,213
L3335198.SRDUP, 11.2%, 08/05/2025 (a)(j)	Upstart		08/10/2022		1,906		1,852		1,898
L3335200.SRDUP, 26.74%, 08/05/2027 (a)(j)	Upstart		08/10/2022		16,429		15,948		16,209
L3335206.SRDUP, 11.89%, 08/10/2027 (a)(j)	Upstart		08/15/2022		29,359		28,607		29,261
L3335234.SRDUP, 24.25%, 08/05/2027 (a)(j)	Upstart		08/10/2022		6,042		5,865		5,978
L3335255.SRDUP, 15.93%, 08/05/2027 (a)(j)	Upstart		08/10/2022		2,934		2,849		2,914
L3335274.SRDUP, 19.94%, 08/05/2027 (a)(j)	Upstart		08/10/2022		19,605		19,033		19,473
L3335285.SRDUP, 14.19%, 08/05/2027 (a)(j)	Upstart		08/10/2022		5,373		5,217		5,352
L3335293.SRDUP, 24.28%, 08/05/2027 (a)(j)	Upstart		08/10/2022		19,651		19,076		19,439
L3335300.SRDUP, 20.77%, 08/05/2025 (a)(j)(k)	Upstart		08/10/2022		4,667		4,528		2,930
L3335309.SRDUP, 21.34%, 08/05/2027 (a)(j)	Upstart		08/10/2022		981		952		970
L3335310.SRDUP, 17.09%, 08/05/2027 (a)(j)	Upstart		08/10/2022		3,914		3,801		3,888
L3335328.SRDUP, 22.19%, 08/05/2027 (a)(j)	Upstart		08/10/2022		14,722		14,292		14,564
L3335330.SRDUP, 12.79%, 08/05/2027 (a)(j)	Upstart		08/10/2022		4,880		4,738		4,861
L3335335.SRDUP, 20.55%, 08/05/2025 (a)(j)	Upstart		08/10/2022		959		932		947
L3335372.SRDUP, 12.85%, 08/05/2027 (a)(j)	Upstart		08/10/2022		16,337		15,864		16,257
L3335398.SRDUP, 24.07%, 08/05/2027 (a)(j)	Upstart		08/10/2022		982		954		969
L3335803.SRDUP, 23.23%, 08/08/2027 (a)(j)	Upstart		08/11/2022		5,499		5,338		5,445
L3336221.SRDUP, 22.61%, 08/08/2027 (a)(j)	Upstart		08/11/2022		49,085		47,650		48,598
L3336555.SRDUP, 13.86%, 08/08/2027 (a)(j)	Upstart		08/11/2022		7,351		7,138		7,317
L3336582.SRDUP, 23.96%, 08/08/2027 (a)(j)(k)	Upstart		08/11/2022		4,397		4,268		4,329
L3336587.SRDUP, 24.41%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,081		1,049		1,068
L3336591.SRDUP, 18.08%, 08/08/2027 (a)(j)	Upstart		08/11/2022		10,967		10,685		10,899
L3336612.SRDUP, 20.66%, 08/08/2025 (a)(j)	Upstart		08/11/2022		3,261		3,169		3,223
L3336614.SRDUP, 24.39%, 08/08/2027 (a)(j)	Upstart		08/11/2022		6,378		6,191		6,281
L3336615.SRDUP, 24.37%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,670		1,622		1,650
L3336630.SRDUP, 14.29%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,897		3,783		3,867
L3336636.SRDUP, 20.21%, 08/08/2027 (a)(j)	Upstart		08/11/2022		14,216		13,849		14,076
L3336656.SRDUP, 23.24%, 08/08/2027 (a)(j)	Upstart		08/11/2022		7,856		7,626		7,778
L3336710.SRDUP, 14.1%, 08/08/2027 (a)(j)	Upstart		08/11/2022		4,396		4,268		4,380
L3336748.SRDUP, 10.37%, 08/10/2027 (a)(j)	Upstart		08/15/2022		48,761		47,349		48,683
L3336754.SRDUP, 23.89%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,029		999		1,016
L3336846.SRDUP, 13.41%, 08/08/2027 (a)(j)	Upstart		08/11/2022		11,712		11,372		11,623
L3336860.SRDUP, 17.48%, 08/08/2025 (a)(j)	Upstart		08/11/2022		2,871		2,800		2,850
L3336939.SRDUP, 24.36%, 08/08/2027 (a)(j)	Upstart		08/11/2022		2,359		2,290		2,330
L3336970.SRDUP, 21.34%, 08/08/2027 (a)(j)	Upstart		08/11/2022		13,319		12,929		13,108
L3337038.SRDUP, 13.11%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,464		1,422		1,459
L3337065.SRDUP, 19.46%, 08/08/2027 (a)(j)	Upstart		08/11/2022		980		951		974
L3337105.SRDUP, 15.18%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,910		3,796		3,886
L3337137.SRDUP, 22.45%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,632		3,538		3,588
L3337154.SRDUP, 15.75%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,956		1,899		1,944
L3337164.SRDUP, 13.34%, 08/08/2027 (a)(j)	Upstart		08/11/2022		30,266		29,388		30,081
L3337180.SRDUP, 21.63%, 08/08/2027 (a)(j)	Upstart		08/11/2022		19,344		18,778		19,105
L3337218.SRDUP, 23.75%, 08/08/2027 (a)(j)	Upstart		08/11/2022		5,501		5,340		5,433
L3337257.SRDUP, 22.81%, 08/08/2027 (a)(j)(k)	Upstart		08/11/2022		43,483		42,211		42,945
L3337263.SRDUP, 24.06%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,242		3,147		3,202
L3337279.SRDUP, 16.73%, 08/08/2027 (a)(j)	Upstart		08/11/2022		4,892		4,750		4,862
L3337295.SRDUP, 18.29%, 08/08/2027 (a)(j)	Upstart		08/11/2022		27,225		26,432		27,057
L3337320.SRDUP, 24.31%, 08/08/2027 (a)(j)	Upstart		08/11/2022		4,225		4,101		4,173
L3337326.SRDUP, 20.19%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,172		1,138		1,163
L3337328.SRDUP, 18.14%, 08/08/2027 (a)(j)	Upstart		08/11/2022		5,875		5,704		5,839
L3337331.SRDUP, 14.34%, 08/08/2025 (a)(j)	Upstart		08/11/2022		38,493		37,342		38,291
L3337357.SRDUP, 24.15%, 08/08/2027 (a)(j)	Upstart		08/11/2022		22,008		21,363		21,738
L3337445.SRDUP, 24.26%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,173		1,139		1,155
L3337511.SRDUP, 24.14%, 08/08/2027 (a)(j)	Upstart		08/11/2022		5,305		5,150		5,240
L3337519.SRDUP, 24.31%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,341		3,243		3,300
L3337599.SRDUP, 18.51%, 08/08/2027 (a)(j)	Upstart		08/11/2022		10,774		10,460		10,707

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

113

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3337601.SRDUP, 21.78%, 08/08/2025 (a)(j)	Upstart		08/11/2022	$	1,152	$	1,120	$	1,139
L3337620.SRDUP, 24.38%, 08/08/2027 (a)(j)	Upstart		08/11/2022		18,606		18,061		18,322
L3337668.SRDUP, 18.62%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,722		3,614		3,699
L3337682.SRDUP, 20.05%, 08/08/2027 (a)(j)	Upstart		08/11/2022		4,902		4,758		4,853
L3337685.SRDUP, 24.1%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,474		1,431		1,456
L3337703.SRDUP, 18.38%, 08/08/2025 (a)(j)	Upstart		08/11/2022		5,746		5,584		5,679
L3337769.SRDUP, 24.32%, 08/08/2027 (a)(j)	Upstart		08/11/2022		16,212		15,738		16,110
L3337784.SRDUP, 24.07%, 08/08/2027 (a)(j)	Upstart		08/11/2022		8,842		8,583		8,754
L3337820.SRDUP, 19.91%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,666		1,618		1,650
L3337835.SRDUP, 14.2%, 08/08/2027 (a)(j)	Upstart		08/11/2022		6,821		6,623		6,769
L3337906.SRDUP, 16.31%, 08/08/2027 (a)(j)	Upstart		08/11/2022		10,564		10,257		10,499
L3337922.SRDUP, 24.37%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,439		3,338		3,397
L3337929.SRDUP, 24.4%, 08/08/2027 (a)(j)	Upstart		08/11/2022		17,196		16,692		17,025
L3337936.SRDUP, 10.73%, 08/08/2027 (a)(j)	Upstart		08/11/2022		1,949		1,893		1,946
L3337947.SRDUP, 17.32%, 08/08/2027 (a)(j)	Upstart		08/11/2022		3,902		3,788		3,871
L3337979.SRDUP, 24.23%, 08/08/2027 (a)(j)	Upstart		08/11/2022		931		904		919
L3338042.SRDUP, 21.65%, 08/08/2027 (a)(j)(k)	Upstart		08/11/2022		6,724		6,527		6,692
L3338050.SRDUP, 24.22%, 08/08/2027 (a)(j)(k)	Upstart		08/11/2022		1,388		1,347		846
L3338664.SRDUP, 23.49%, 08/10/2027 (a)(j)	Upstart		08/15/2022		6,089		5,911		6,019
L3338941.SRDUP, 22.53%, 08/09/2027 (a)(j)	Upstart		08/12/2022		982		953		972
L3340632.SRDUP, 17.8%, 08/09/2027 (a)(j)	Upstart		08/12/2022		25,455		24,713		25,302
L3340846.SRDUP, 14.8%, 08/09/2027 (a)(j)	Upstart		08/12/2022		14,658		14,232		14,571
L3341076.SRDUP, 10.32%, 08/09/2025 (a)(j)	Upstart		08/12/2022		11,427		11,106		11,385
L3341346.SRDUP, 22.18%, 08/09/2027 (a)(j)	Upstart		08/12/2022		6,281		6,098		6,243
L3341604.SRDUP, 24.37%, 08/09/2027 (a)(j)(k)	Upstart		08/12/2022		6,956		6,749		6,852
L3341625.SRDUP, 17.08%, 08/09/2027 (a)(j)	Upstart		08/12/2022		13,860		13,457		13,752
L3341652.SRDUP, 23.68%, 08/09/2027 (a)(j)(k)	Upstart		08/12/2022		1,785		1,731		1,087
L3341677.SRDUP, 13.13%, 08/09/2025 (a)(j)	Upstart		08/12/2022		14,147		13,749		14,056
L3341682.SRDUP, 18.2%, 08/09/2025 (a)(j)(k)	Upstart		08/12/2022		1,910		1,853		1,895
L3341687.SRDUP, 22.54%, 08/09/2027 (a)(j)	Upstart		08/12/2022		4,908		4,765		4,861
L3341704.SRDUP, 23.84%, 08/09/2027 (a)(j)(k)	Upstart		08/12/2022		1,300		1,261		432
L3341717.SRDUP, 19.95%, 08/09/2027 (a)(j)	Upstart		08/12/2022		28,427		27,598		28,155
L3341729.SRDUP, 15.33%, 08/09/2025 (a)(j)	Upstart		08/12/2022		10,130		9,845		10,077
L3341749.SRDUP, 17.51%, 08/09/2027 (a)(j)	Upstart		08/12/2022		7,831		7,603		7,784
L3341759.SRDUP, 24.15%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,179		1,149		1,168
L3341805.SRDUP, 23.67%, 08/09/2027 (a)(j)	Upstart		08/12/2022		4,813		4,672		4,756
L3341816.SRDUP, 20.3%, 08/09/2027 (a)(j)	Upstart		08/12/2022		29,413		28,555		29,131
L3341825.SRDUP, 13.75%, 08/09/2027 (a)(j)	Upstart		08/12/2022		3,809		3,711		3,786
L3341837.SRDUP, 16.58%, 08/09/2027 (a)(j)	Upstart		08/12/2022		21,343		20,721		21,180
L3341851.SRDUP, 13.16%, 08/09/2025 (a)(j)	Upstart		08/12/2022		6,679		6,492		6,645
L3341908.SRDUP, 24.27%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,722		1,671		1,700
L3341925.SRDUP, 20.98%, 08/09/2025 (a)(j)	Upstart		08/12/2022		2,878		2,797		2,845
L3341955.SRDUP, 24.4%, 08/09/2027 (a)(j)	Upstart		08/12/2022		3,252		3,157		3,214
L3341962.SRDUP, 18.76%, 08/09/2027 (a)(j)	Upstart		08/12/2022		6,857		6,657		6,816
L3342073.SRDUP, 23.36%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,670		1,621		1,650
L3342078.SRDUP, 19.07%, 08/09/2027 (a)(j)	Upstart		08/12/2022		5,856		5,685		5,811
L3342110.SRDUP, 18.67%, 08/09/2027 (a)(j)	Upstart		08/12/2022		10,164		9,868		10,081
L3342120.SRDUP, 21.37%, 08/09/2025 (a)(j)(k)	Upstart		08/12/2022		980		951		613
L3342129.SRDUP, 22.43%, 08/09/2027 (a)(j)	Upstart		08/12/2022		9,816		9,529		9,700
L3342154.SRDUP, 21.88%, 08/09/2027 (a)(j)	Upstart		08/12/2022		5,542		5,380		5,470
L3342184.SRDUP, 22.11%, 08/09/2027 (a)(j)(k)	Upstart		08/12/2022		4,934		4,787		3,002
L3342196.SRDUP, 22.7%, 08/09/2027 (a)(j)	Upstart		08/12/2022		5,498		5,337		5,433
L3342241.SRDUP, 24.4%, 08/09/2027 (a)(j)	Upstart		08/12/2022		5,404		5,246		5,340
L3342266.SRDUP, 24.4%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,850		2,766		2,816
L3342277.SRDUP, 9.84%, 08/09/2025 (a)(j)	Upstart		08/12/2022		1,386		1,347		1,379
L3342287.SRDUP, 22.66%, 08/09/2027 (a)(j)	Upstart		08/12/2022		5,894		5,722		5,837
L3342349.SRDUP, 12.04%, 08/09/2027 (a)(j)	Upstart		08/12/2022		4,292		4,168		4,277

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

114

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3342369.SRDUP, 18.65%, 08/09/2027 (a)(j)	Upstart		08/12/2022	$	10,971	$	10,651	$	10,905
L3342371.SRDUP, 13.72%, 08/09/2027 (a)(j)	Upstart		08/12/2022		977		948		973
L3342388.SRDUP, 24.36%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,277		1,240		1,262
L3342402.SRDUP, 10.98%, 08/09/2027 (a)(j)	Upstart		08/12/2022		48,739		47,327		48,658
L3342413.SRDUP, 24.28%, 08/09/2027 (a)(j)	Upstart		08/12/2022		4,323		4,211		4,281
L3342415.SRDUP, 24.4%, 08/09/2027 (a)(j)	Upstart		08/12/2022		32,230		31,286		31,918
L3342427.SRDUP, 24.29%, 08/09/2027 (a)(j)	Upstart		08/12/2022		7,074		6,867		6,990
L3342459.SRDUP, 24.34%, 08/09/2027 (a)(j)	Upstart		08/12/2022		5,502		5,341		5,437
L3342477.SRDUP, 23.12%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,946		2,860		2,917
L3342482.SRDUP, 16.37%, 08/09/2027 (a)(j)	Upstart		08/12/2022		19,075		18,519		18,960
L3342485.SRDUP, 24.31%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,358		2,289		2,330
L3342499.SRDUP, 24.21%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,063		2,003		2,043
L3342526.SRDUP, 19.91%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,958		1,901		1,943
L3342537.SRDUP, 24.33%, 08/09/2027 (a)(j)	Upstart		08/12/2022		2,456		2,393		2,427
L3342549.SRDUP, 17.64%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,468		1,426		1,460
L3342573.SRDUP, 24.37%, 08/09/2027 (a)(j)	Upstart		08/12/2022		5,601		5,437		5,534
L3342624.SRDUP, 14.33%, 08/09/2027 (a)(j)	Upstart		08/12/2022		1,951		1,895		1,937
L3342659.SRDUP, 19.47%, 08/09/2027 (a)(j)	Upstart		08/12/2022		8,839		8,581		8,786
L3342687.SRDUP, 13.12%, 08/09/2027 (a)(j)	Upstart		08/12/2022		7,786		7,560		7,751
L3342727.SRDUP, 17.14%, 08/09/2025 (a)(j)	Upstart		08/12/2022		1,914		1,860		1,900
L3342908.SRDUP, 11.9%, 08/10/2027 (a)(j)	Upstart		08/15/2022		17,090		16,595		17,008
L3343140.SRDUP, 19.76%, 08/10/2027 (a)(j)	Upstart		08/15/2022		9,090		8,824		8,984
L3343534.SRDUP, 11.81%, 08/10/2027 (a)(j)	Upstart		08/15/2022		2,438		2,368		2,434
L3343669.SRDUP, 24.38%, 08/10/2027 (a)(j)	Upstart		08/15/2022		21,126		20,507		20,928
L3343971.SRDUP, 12.94%, 08/10/2027 (a)(j)	Upstart		08/15/2022		5,856		5,686		5,837
L3344086.SRDUP, 20.72%, 08/10/2027 (a)(j)	Upstart		08/15/2022		7,847		7,617		7,773
L3344142.SRDUP, 21.22%, 08/10/2025 (a)(j)	Upstart		08/15/2022		2,238		2,174		2,203
L3344189.SRDUP, 24.26%, 08/10/2027 (a)(j)	Upstart		08/15/2022		5,052		4,904		5,006
L3344204.SRDUP, 23.06%, 08/10/2027 (a)(j)	Upstart		08/15/2022		3,316		3,219		3,276
L3344339.SRDUP, 21.99%, 08/10/2027 (a)(j)	Upstart		08/15/2022		3,337		3,239		3,305
L3344355.SRDUP, 24.25%, 08/10/2027 (a)(j)	Upstart		08/15/2022		3,341		3,243		3,303
L3344380.SRDUP, 15.3%, 08/10/2027 (a)(j)	Upstart		08/15/2022		17,596		17,084		17,494
L3344403.SRDUP, 22.37%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,963		1,906		1,941
L3344404.SRDUP, 22.89%, 08/10/2027 (a)(j)	Upstart		08/15/2022		14,727		14,297		14,590
L3344419.SRDUP, 24.28%, 08/10/2027 (a)(j)	Upstart		08/15/2022		7,860		7,630		7,787
L3344431.SRDUP, 21.55%, 08/10/2027 (a)(j)	Upstart		08/15/2022		13,834		13,429		13,705
L3344444.SRDUP, 13.76%, 08/10/2027 (a)(j)	Upstart		08/15/2022		2,930		2,845		2,913
L3344445.SRDUP, 23.72%, 08/10/2027 (a)(j)(k)	Upstart		08/15/2022		2,626		2,547		2,592
L3344527.SRDUP, 24.34%, 08/10/2027 (a)(j)	Upstart		08/15/2022		4,029		3,911		3,982
L3344555.SRDUP, 17.13%, 08/10/2027 (a)(j)	Upstart		08/15/2022		6,655		6,461		6,616
L3344597.SRDUP, 16.43%, 08/10/2027 (a)(j)	Upstart		08/15/2022		2,935		2,849		2,918
L3344623.SRDUP, 19.2%, 08/10/2027 (a)(j)	Upstart		08/15/2022		4,900		4,757		4,871
L3344624.SRDUP, 24.25%, 08/10/2027 (a)(j)	Upstart		08/15/2022		2,653		2,575		2,622
L3344636.SRDUP, 22.66%, 08/10/2027 (a)(j)	Upstart		08/15/2022		7,265		7,052		7,181
L3344675.SRDUP, 16.66%, 08/10/2027 (a)(j)	Upstart		08/15/2022		2,250		2,185		2,237
L3344676.SRDUP, 24%, 08/10/2027 (a)(j)	Upstart		08/15/2022		31,142		30,231		30,783
L3344681.SRDUP, 15.35%, 08/10/2027 (a)(j)	Upstart		08/15/2022		16,130		15,715		16,036
L3344740.SRDUP, 16.8%, 08/10/2027 (a)(j)	Upstart		08/15/2022		1,468		1,425		1,459
L3344765.SRDUP, 18.07%, 08/10/2025 (a)(j)	Upstart		08/15/2022		2,202		2,140		2,187
L3344812.SRDUP, 10.51%, 08/10/2027 (a)(j)	Upstart		08/15/2022		19,489		18,925		19,458
L3344834.SRDUP, 21.36%, 08/10/2025 (a)(j)	Upstart		08/15/2022		960		932		949
L3344903.SRDUP, 12.02%, 08/10/2027 (a)(j)	Upstart		08/15/2022		22,436		21,785		22,360
L3344956.SRDUP, 24.2%, 08/10/2027 (a)(j)	Upstart		08/15/2022		3,253		3,158		3,223
L3344977.SRDUP, 21.53%, 08/10/2027 (a)(j)	Upstart		08/15/2022		2,331		2,263		2,303
L3344994.SRDUP, 13.24%, 08/10/2027 (a)(j)	Upstart		08/15/2022		7,810		7,583		7,783
L3345011.SRDUP, 24.01%, 08/10/2027 (a)(j)	Upstart		08/15/2022		18,469		17,992		18,296
L3345024.SRDUP, 24.24%, 08/10/2027 (a)(j)	Upstart		08/15/2022		2,063		2,003		2,039

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

115

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3345046.SRDUP, 19.99%, 08/10/2027 (a)(j)	Upstart		08/15/2022	$	9,803	$	9,516	$	9,712
L3345066.SRDUP, 19.55%, 08/10/2027 (a)(j)	Upstart		08/15/2022		3,439		3,339		3,408
L3345081.SRDUP, 24.33%, 08/10/2027 (a)(j)	Upstart		08/15/2022		8,647		8,393		8,565
L3345209.SRDUP, 23.94%, 08/10/2027 (a)(j)	Upstart		08/15/2022		4,421		4,291		4,394
L3386778.SRDUP, 17.37%, 09/01/2027 (a)(j)	Upstart		09/07/2022		13,849		13,441		13,747
L3388108.SRDUP, 22.65%, 09/01/2027 (a)(j)	Upstart		09/07/2022		9,604		9,354		9,458
L3388534.SRDUP, 22.23%, 09/01/2025 (a)(j)	Upstart		09/07/2022		9,800		9,516		9,665
L3390668.SRDUP, 22.47%, 09/01/2025 (a)(j)	Upstart		09/07/2022		2,273		2,208		2,240
L3390824.SRDUP, 20.97%, 09/01/2027 (a)(j)	Upstart		09/07/2022		21,388		20,757		21,136
L3391045.SRDUP, 16.23%, 09/01/2027 (a)(j)	Upstart		09/07/2022		10,878		10,558		10,798
L3391163.SRDUP, 14.98%, 09/01/2025 (a)(j)	Upstart		09/07/2022		8,075		7,871		8,003
L3391202.SRDUP, 16.98%, 09/01/2027 (a)(j)(k)	Upstart		09/07/2022		6,907		6,704		6,856
L3391321.SRDUP, 15.58%, 09/01/2027 (a)(j)	Upstart		09/07/2022		1,186		1,152		1,178
L3391351.SRDUP, 21.08%, 09/01/2027 (a)(j)	Upstart		09/07/2022		4,456		4,324		4,391
L3391362.SRDUP, 14.36%, 09/01/2027 (a)(j)(k)	Upstart		09/07/2022		47,346		45,956		47,001
L3391407.SRDUP, 14.42%, 09/01/2027 (a)(j)	Upstart		09/07/2022		11,959		11,608		11,872
L3391410.SRDUP, 17.73%, 09/01/2027 (a)(j)	Upstart		09/07/2022		14,939		14,550		14,828
L3391411.SRDUP, 25.21%, 09/01/2027 (a)(j)	Upstart		09/07/2022		991		962		977
L3391418.SRDUP, 28.34%, 09/01/2027 (a)(j)	Upstart		09/07/2022		5,753		5,583		5,666
L3391427.SRDUP, 15.62%, 09/01/2027 (a)(j)	Upstart		09/07/2022		10,579		10,268		10,502
L3391434.SRDUP, 23.72%, 09/01/2027 (a)(j)	Upstart		09/07/2022		19,818		19,231		19,528
L3391489.SRDUP, 23.36%, 09/01/2027 (a)(j)	Upstart		09/07/2022		6,539		6,346		6,444
L3391511.SRDUP, 28.46%, 09/01/2027 (a)(j)	Upstart		09/07/2022		13,888		13,523		13,676
L3391531.SRDUP, 15.72%, 09/01/2025 (a)(j)	Upstart		09/07/2022		3,227		3,134		3,199
L3391572.SRDUP, 17.31%, 09/01/2027 (a)(j)	Upstart		09/07/2022		19,784		19,201		19,638
L3391613.SRDUP, 28.33%, 09/01/2027 (a)(j)	Upstart		09/07/2022		5,158		5,005		5,080
L3391617.SRDUP, 22.34%, 09/01/2027 (a)(j)	Upstart		09/07/2022		991		961		979
L3391640.SRDUP, 12.14%, 09/01/2027 (a)(j)	Upstart		09/07/2022		29,630		28,761		29,503
L3391648.SRDUP, 19.51%, 09/01/2027 (a)(j)	Upstart		09/07/2022		9,403		9,126		9,333
L3391697.SRDUP, 25.26%, 09/01/2025 (a)(j)	Upstart		09/07/2022		31,388		30,477		30,951
L3391709.SRDUP, 22.01%, 09/01/2027 (a)(j)	Upstart		09/07/2022		990		961		979
L3391738.SRDUP, 27.53%, 09/01/2027 (a)(j)	Upstart		09/07/2022		6,903		6,699		6,798
L3391747.SRDUP, 10.36%, 09/01/2025 (a)(j)	Upstart		09/07/2022		1,269		1,233		1,263
L3391820.SRDUP, 24.72%, 09/01/2027 (a)(j)	Upstart		09/07/2022		9,717		9,430		9,571
L3391831.SRDUP, 19.68%, 09/01/2025 (a)(j)	Upstart		09/07/2022		979		951		966
L3391888.SRDUP, 19.26%, 09/01/2027 (a)(j)	Upstart		09/07/2022		18,112		17,640		17,977
L3391896.SRDUP, 25.4%, 09/01/2027 (a)(j)	Upstart		09/07/2022		6,939		6,733		6,856
L3391924.SRDUP, 23.65%, 09/01/2025 (a)(j)	Upstart		09/07/2022		3,922		3,808		3,867
L3391968.SRDUP, 11.21%, 09/01/2027 (a)(j)	Upstart		09/07/2022		19,747		19,168		19,705
L3391974.SRDUP, 26.5%, 09/01/2027 (a)(j)	Upstart		09/07/2022		1,686		1,641		1,660
L3392009.SRDUP, 28.78%, 09/01/2027 (a)(j)	Upstart		09/07/2022		11,409		11,070		11,234
L3392015.SRDUP, 20.84%, 09/01/2027 (a)(j)	Upstart		09/07/2022		11,882		11,531		11,793
L3392022.SRDUP, 21.97%, 09/01/2027 (a)(j)	Upstart		09/07/2022		5,448		5,286		5,383
L3392064.SRDUP, 26.1%, 09/01/2025 (a)(j)	Upstart		09/07/2022		2,943		2,858		2,891
L3392168.SRDUP, 18.37%, 09/01/2027 (a)(j)	Upstart		09/07/2022		24,738		24,008		24,554
L3392189.SRDUP, 11.72%, 09/01/2027 (a)(j)	Upstart		09/07/2022		24,276		23,565		24,171
L3392300.SRDUP, 26.57%, 09/02/2027 (a)(j)	Upstart		09/08/2022		14,873		14,433		14,659
L3392406.SRDUP, 14.33%, 09/02/2027 (a)(j)	Upstart		09/08/2022		9,883		9,593		9,813
L3393914.SRDUP, 24.11%, 09/02/2027 (a)(j)	Upstart		09/08/2022		15,381		14,926		15,246
L3393918.SRDUP, 13.27%, 09/02/2027 (a)(j)	Upstart		09/08/2022		14,326		13,905		14,266
L3394012.SRDUP, 22.75%, 09/02/2027 (a)(j)	Upstart		09/08/2022		16,544		16,055		16,352
L3394096.SRDUP, 14.19%, 09/02/2027 (a)(j)	Upstart		09/08/2022		3,953		3,837		3,925
L3394103.SRDUP, 18.16%, 09/02/2027 (a)(j)	Upstart		09/08/2022		9,796		9,507		9,725
L3394166.SRDUP, 27.1%, 09/02/2025 (a)(j)	Upstart		09/08/2022		4,751		4,613		4,665
L3394171.SRDUP, 25.81%, 09/02/2027 (a)(j)	Upstart		09/08/2022		8,922		8,658		8,794
L3394206.SRDUP, 15.01%, 09/02/2027 (a)(j)	Upstart		09/08/2022		1,186		1,155		1,178
L3394268.SRDUP, 24.64%, 09/02/2027 (a)(j)	Upstart		09/08/2022		3,964		3,847		3,908

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

116

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3394336.SRDUP, 20.27%, 09/02/2025 (a)(j)	Upstart		09/08/2022	$	4,072	$	3,968	$	4,012
L3394346.SRDUP, 28.36%, 09/02/2027 (a)(j)	Upstart		09/08/2022		5,456		5,294		5,375
L3394367.SRDUP, 18.49%, 09/02/2027 (a)(j)	Upstart		09/08/2022		9,895		9,604		9,824
L3394379.SRDUP, 25.54%, 09/02/2027 (a)(j)	Upstart		09/08/2022		2,478		2,405		2,460
L3394399.SRDUP, 24.85%, 09/02/2027 (a)(j)	Upstart		09/08/2022		3,370		3,270		3,331
L3394413.SRDUP, 21.88%, 09/02/2027 (a)(j)	Upstart		09/08/2022		8,419		8,170		8,321
L3394467.SRDUP, 28.56%, 09/02/2027 (a)(j)	Upstart		09/08/2022		7,043		6,834		6,939
L3394493.SRDUP, 25.08%, 09/02/2027 (a)(j)	Upstart		09/08/2022		49,561		48,093		48,836
L3394501.SRDUP, 20.14%, 09/02/2027 (a)(j)	Upstart		09/08/2022		9,900		9,608		9,786
L3394526.SRDUP, 27.22%, 09/02/2027 (a)(j)	Upstart		09/08/2022		5,877		5,703		5,792
L3394551.SRDUP, 28.63%, 09/02/2027 (a)(j)	Upstart		09/08/2022		18,055		17,519		17,787
L3394593.SRDUP, 28.14%, 09/02/2027 (a)(j)	Upstart		09/08/2022		5,456		5,294		5,375
L3394600.SRDUP, 22.76%, 09/02/2025 (a)(j)	Upstart		09/08/2022		4,313		4,202		4,255
L3394650.SRDUP, 13.04%, 09/02/2025 (a)(j)	Upstart		09/08/2022		9,203		8,939		9,145
L3394680.SRDUP, 20.76%, 09/02/2027 (a)(j)	Upstart		09/08/2022		11,288		10,954		11,158
L3394726.SRDUP, 25.9%, 09/02/2027 (a)(j)	Upstart		09/08/2022		2,978		2,890		2,962
L3394742.SRDUP, 16.94%, 09/02/2027 (a)(j)	Upstart		09/08/2022		3,879		3,778		3,851
L3394760.SRDUP, 21.48%, 09/02/2027 (a)(j)	Upstart		09/08/2022		3,961		3,844		3,916
L3394784.SRDUP, 13.16%, 09/02/2027 (a)(j)	Upstart		09/08/2022		4,446		4,315		4,427
L3394802.SRDUP, 17.07%, 09/02/2027 (a)(j)	Upstart		09/08/2022		34,620		33,600		34,371
L3394806.SRDUP, 16.53%, 09/02/2027 (a)(j)	Upstart		09/08/2022		5,934		5,759		5,891
L3394859.SRDUP, 21%, 09/02/2027 (a)(j)	Upstart		09/08/2022		35,251		34,210		34,993
L3394881.SRDUP, 25.18%, 09/02/2027 (a)(j)	Upstart		09/08/2022		3,568		3,463		3,527
L3394882.SRDUP, 19.04%, 09/02/2027 (a)(j)	Upstart		09/08/2022		7,423		7,204		7,369
L3394950.SRDUP, 20.41%, 09/02/2027 (a)(j)	Upstart		09/08/2022		19,856		19,340		19,686
L3394956.SRDUP, 28.53%, 09/02/2027 (a)(j)	Upstart		09/08/2022		7,422		7,202		7,333
L3394974.SRDUP, 9.6%, 09/02/2025 (a)(j)	Upstart		09/08/2022		2,833		2,752		2,821
L3394987.SRDUP, 18.43%, 09/02/2027 (a)(j)	Upstart		09/08/2022		5,442		5,301		5,403
L3394996.SRDUP, 16.59%, 09/02/2027 (a)(j)	Upstart		09/08/2022		6,813		6,612		6,763
L3395099.SRDUP, 28.14%, 09/02/2027 (a)(j)	Upstart		09/08/2022		4,166		4,057		4,104
L3395116.SRDUP, 28.01%, 09/02/2027 (a)(j)	Upstart		09/08/2022		4,364		4,235		4,301
L3395140.SRDUP, 13.03%, 09/02/2025 (a)(j)	Upstart		09/08/2022		4,397		4,270		4,370
L3395193.SRDUP, 23.31%, 09/02/2027 (a)(j)(k)	Upstart		09/08/2022		3,000		2,911		1,819
L3395195.SRDUP, 18.93%, 09/02/2027 (a)(j)	Upstart		09/08/2022		7,808		7,578		7,750
L3395228.SRDUP, 11.28%, 09/02/2025 (a)(j)	Upstart		09/08/2022		5,457		5,319		5,433
L3395239.SRDUP, 20.37%, 09/02/2025 (a)(j)	Upstart		09/08/2022		4,897		4,755		4,832
L3401189.SRDUP, 14.71%, 09/06/2027 (a)(j)	Upstart		09/09/2022		17,792		17,269		17,677
L3401194.SRDUP, 22.61%, 09/06/2027 (a)(j)	Upstart		09/09/2022		6,221		6,037		6,156
L3401248.SRDUP, 25.98%, 09/06/2025 (a)(j)	Upstart		09/09/2022		15,697		15,241		15,453
L3401278.SRDUP, 12.25%, 09/06/2027 (a)(j)	Upstart		09/09/2022		7,902		7,670		7,871
L3401283.SRDUP, 18.06%, 09/06/2025 (a)(j)	Upstart		09/09/2022		13,701		13,305		13,624
L3401316.SRDUP, 15.39%, 09/06/2027 (a)(j)	Upstart		09/09/2022		5,438		5,278		5,402
L3401321.SRDUP, 15.57%, 09/06/2027 (a)(j)	Upstart		09/09/2022		2,960		2,872		2,940
L3401328.SRDUP, 14.05%, 09/06/2027 (a)(j)	Upstart		09/09/2022		24,660		23,934		24,501
L3401351.SRDUP, 24.79%, 09/06/2027 (a)(j)	Upstart		09/09/2022		22,413		21,750		22,117
L3401383.SRDUP, 28.47%, 09/06/2025 (a)(j)	Upstart		09/09/2022		18,065		17,601		17,842
L3401394.SRDUP, 22.75%, 09/06/2027 (a)(j)	Upstart		09/09/2022		9,318		9,043		9,247
L3401522.SRDUP, 15.59%, 09/06/2027 (a)(j)	Upstart		09/09/2022		44,085		42,782		43,764
L3401534.SRDUP, 28.45%, 09/06/2027 (a)(j)	Upstart		09/09/2022		13,392		12,995		13,216
L3401565.SRDUP, 11.78%, 09/06/2025 (a)(j)	Upstart		09/09/2022		1,953		1,897		1,942
L3401583.SRDUP, 27.59%, 09/06/2025 (a)(j)	Upstart		09/09/2022		5,006		4,860		4,928
L3401599.SRDUP, 17.43%, 09/06/2027 (a)(j)	Upstart		09/09/2022		7,518		7,297		7,469
L3401756.SRDUP, 24.21%, 09/06/2027 (a)(j)(k)	Upstart		09/09/2022		1,500		1,455		912
L3401850.SRDUP, 16.4%, 09/06/2027 (a)(j)	Upstart		09/09/2022		21,460		20,902		21,320
L3401860.SRDUP, 22.93%, 09/06/2025 (a)(j)	Upstart		09/09/2022		2,450		2,379		2,421
L3402012.SRDUP, 18.24%, 09/06/2027 (a)(j)	Upstart		09/09/2022		2,461		2,389		2,445
L3402023.SRDUP, 14.02%, 09/06/2027 (a)(j)	Upstart		09/09/2022		11,859		11,510		11,783

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

117

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3402051.SRDUP, 23.11%, 09/06/2027 (a)(j)	Upstart		09/09/2022	$	6,638	$	6,442	$	6,593
L3402058.SRDUP, 21.73%, 09/06/2027 (a)(j)	Upstart		09/09/2022		17,233		16,724		17,053
L3402105.SRDUP, 17.36%, 09/06/2027 (a)(j)	Upstart		09/09/2022		4,946		4,800		4,926
L3402156.SRDUP, 17.19%, 09/06/2027 (a)(j)	Upstart		09/09/2022		27,202		26,401		27,024
L3402178.SRDUP, 12.75%, 09/06/2027 (a)(j)	Upstart		09/09/2022		24,696		23,971		24,602
L3402211.SRDUP, 17.13%, 09/06/2025 (a)(j)	Upstart		09/09/2022		2,380		2,311		2,361
L3402220.SRDUP, 28.1%, 09/06/2027 (a)(j)	Upstart		09/09/2022		4,761		4,620		4,699
L3402304.SRDUP, 28.21%, 09/06/2027 (a)(j)	Upstart		09/09/2022		4,761		4,620		4,710
L3402384.SRDUP, 12.6%, 09/06/2027 (a)(j)	Upstart		09/09/2022		8,495		8,246		8,463
L3402519.SRDUP, 28.78%, 09/06/2027 (a)(j)	Upstart		09/09/2022		18,254		17,712		18,014
L3402546.SRDUP, 10.81%, 09/06/2025 (a)(j)	Upstart		09/09/2022		2,343		2,276		2,334
L3402602.SRDUP, 17.98%, 09/06/2027 (a)(j)	Upstart		09/09/2022		13,852		13,443		13,761
L3402617.SRDUP, 23.96%, 09/06/2027 (a)(j)	Upstart		09/09/2022		1,982		1,923		1,956
L3402648.SRDUP, 28.18%, 09/06/2027 (a)(j)	Upstart		09/09/2022		4,265		4,139		4,220
L3470030.SRDUP, 16.6%, 10/13/2027 (a)(j)	Upstart		10/18/2022		9,300		9,021		9,270
L3484826.SRDUP, 16.21%, 10/13/2027 (a)(j)	Upstart		10/18/2022		40,000		38,801		39,873
L3493753.SRDUP, 23.49%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,200		3,104		3,175
L3496979.SRDUP, 10.1%, 10/13/2027 (a)(j)	Upstart		10/18/2022		20,000		19,403		19,981
L3498493.SRDUP, 17.07%, 10/13/2025 (a)(j)	Upstart		10/18/2022		6,000		5,821		5,975
L3498513.SRDUP, 21.69%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,500		3,395		3,481
L3499014.SRDUP, 24.2%, 10/13/2027 (a)(j)	Upstart		10/18/2022		9,400		9,118		9,350
L3499047.SRDUP, 23.23%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,500		2,434		2,484
L3499215.SRDUP, 21.09%, 10/13/2025 (a)(j)	Upstart		10/18/2022		4,500		4,366		4,471
L3499681.SRDUP, 24.38%, 10/13/2027 (a)(j)	Upstart		10/18/2022		13,600		13,192		13,511
L3499728.SRDUP, 26.64%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,200		1,164		1,192
L3499786.SRDUP, 23.44%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,000		970		995
L3499815.SRDUP, 24.33%, 10/13/2027 (a)(j)	Upstart		10/18/2022		7,600		7,372		7,559
L3499830.SRDUP, 24.73%, 10/13/2025 (a)(j)	Upstart		10/18/2022		20,000		19,402		19,829
L3499832.SRDUP, 23.82%, 10/13/2027 (a)(j)	Upstart		10/18/2022		10,000		9,700		9,934
L3499842.SRDUP, 24.37%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,300		2,231		2,288
L3499892.SRDUP, 18.66%, 10/13/2027 (a)(j)	Upstart		10/18/2022		11,000		10,670		10,964
L3499895.SRDUP, 14.94%, 10/13/2027 (a)(j)	Upstart		10/18/2022		6,000		5,820		5,989
L3499912.SRDUP, 17.9%, 10/13/2025 (a)(j)	Upstart		10/18/2022		6,000		5,842		5,962
L3499914.SRDUP, 23.26%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,000		2,910		2,980
L3499928.SRDUP, 21.59%, 10/13/2025 (a)(j)	Upstart		10/18/2022		35,000		33,955		34,773
L3499941.SRDUP, 24.36%, 10/13/2027 (a)(j)	Upstart		10/18/2022		7,100		6,887		7,053
L3499944.SRDUP, 9.7%, 10/13/2025 (a)(j)	Upstart		10/18/2022		2,500		2,426		2,496
L3499960.SRDUP, 18.83%, 10/13/2027 (a)(j)	Upstart		10/18/2022		11,200		10,864		11,164
L3500017.SRDUP, 22.74%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,500		1,455		1,490
L3500036.SRDUP, 24.24%, 10/13/2027 (a)(j)	Upstart		10/18/2022		7,900		7,663		7,858
L3500040.SRDUP, 15.14%, 10/13/2025 (a)(j)	Upstart		10/18/2022		10,000		9,703		9,958
L3500057.SRDUP, 12.99%, 10/13/2027 (a)(j)	Upstart		10/18/2022		8,000		7,789		7,985
L3500079.SRDUP, 20.78%, 10/13/2027 (a)(j)	Upstart		10/18/2022		11,500		11,155		11,426
L3500091.SRDUP, 20.2%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,800		2,716		2,791
L3500107.SRDUP, 17.93%, 10/13/2027 (a)(j)	Upstart		10/18/2022		20,000		19,400		19,936
L3500112.SRDUP, 22.46%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,500		4,365		4,476
L3500128.SRDUP, 12.31%, 10/13/2027 (a)(j)	Upstart		10/18/2022		19,100		18,529		19,065
L3500157.SRDUP, 18.67%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,000		3,894		3,987
L3500169.SRDUP, 22.76%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,900		1,843		1,888
L3500174.SRDUP, 14.88%, 10/13/2027 (a)(j)	Upstart		10/18/2022		16,700		16,200		16,669
L3500193.SRDUP, 19.46%, 10/13/2025 (a)(j)	Upstart		10/18/2022		2,200		2,134		2,186
L3500231.SRDUP, 15.36%, 10/13/2027 (a)(j)	Upstart		10/18/2022		13,000		12,611		12,959
L3500243.SRDUP, 22.33%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,500		3,395		3,481
L3500271.SRDUP, 13.28%, 10/13/2027 (a)(j)	Upstart		10/18/2022		50,000		48,504		49,908
L3500293.SRDUP, 14.63%, 10/13/2027 (a)(j)	Upstart		10/18/2022		18,000		17,461		17,943
L3500312.SRDUP, 16.33%, 10/13/2027 (a)(j)	Upstart		10/18/2022		5,600		5,432		5,582
L3500343.SRDUP, 11.65%, 10/13/2025 (a)(j)	Upstart		10/18/2022		3,800		3,687		3,790

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

118

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3500371.SRDUP, 18.38%, 10/13/2027 (a)(j)	Upstart		10/18/2022	$	20,000	$	19,470	$	19,895
L3500416.SRDUP, 21.18%, 10/13/2027 (a)(j)	Upstart		10/18/2022		35,000		33,950		34,885
L3500423.SRDUP, 16.29%, 10/13/2027 (a)(j)	Upstart		10/18/2022		6,200		6,014		6,180
L3500425.SRDUP, 13.3%, 10/13/2027 (a)(j)	Upstart		10/18/2022		8,232		7,986		8,216
L3500427.SRDUP, 21.42%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,000		3,880		3,979
L3500444.SRDUP, 24.4%, 10/13/2027 (a)(j)	Upstart		10/18/2022		8,000		7,760		7,957
L3500445.SRDUP, 17.79%, 10/13/2027 (a)(j)	Upstart		10/18/2022		5,500		5,335		5,482
L3500458.SRDUP, 19.1%, 10/13/2027 (a)(j)	Upstart		10/18/2022		8,000		7,760		7,974
L3500472.SRDUP, 24.28%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,700		1,649		1,689
L3500482.SRDUP, 15.02%, 10/13/2027 (a)(j)	Upstart		10/18/2022		8,900		8,633		8,872
L3500484.SRDUP, 20.57%, 10/13/2027 (a)(j)	Upstart		10/18/2022		13,400		12,998		13,313
L3500485.SRDUP, 19.76%, 10/13/2027 (a)(j)	Upstart		10/18/2022		7,500		7,275		7,476
L3500488.SRDUP, 23.52%, 10/13/2027 (a)(j)	Upstart		10/18/2022		23,400		22,698		23,247
L3500491.SRDUP, 17.06%, 10/13/2027 (a)(j)	Upstart		10/18/2022		35,000		33,951		34,888
L3500497.SRDUP, 22.79%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,500		4,381		4,471
L3500563.SRDUP, 14.02%, 10/13/2027 (a)(j)	Upstart		10/18/2022		11,200		10,904		11,165
L3500580.SRDUP, 14.91%, 10/13/2027 (a)(j)	Upstart		10/18/2022		25,000		24,251		24,921
L3500588.SRDUP, 10.88%, 10/13/2025 (a)(j)	Upstart		10/18/2022		2,000		1,941		1,997
L3500600.SRDUP, 21.06%, 10/13/2027 (a)(j)	Upstart		10/18/2022		10,000		9,700		9,947
L3500620.SRDUP, 14.71%, 10/13/2027 (a)(j)	Upstart		10/18/2022		20,000		19,401		19,937
L3500646.SRDUP, 22.98%, 10/13/2027 (a)(j)	Upstart		10/18/2022		10,000		9,700		9,935
L3500652.SRDUP, 10.96%, 10/13/2027 (a)(j)	Upstart		10/18/2022		40,000		38,944		39,962
L3500692.SRDUP, 24.4%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,400		4,268		4,371
L3500693.SRDUP, 17.67%, 10/13/2025 (a)(j)	Upstart		10/18/2022		6,000		5,842		5,962
L3500697.SRDUP, 20.76%, 10/13/2025 (a)(j)	Upstart		10/18/2022		7,800		7,567		7,750
L3500718.SRDUP, 20.37%, 10/13/2025 (a)(j)	Upstart		10/18/2022		12,500		12,127		12,446
L3500730.SRDUP, 21.61%, 10/13/2027 (a)(j)	Upstart		10/18/2022		8,000		7,788		7,948
L3500779.SRDUP, 24.29%, 10/13/2027 (a)(j)	Upstart		10/18/2022		7,000		6,790		6,962
L3500797.SRDUP, 14.46%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,800		4,656		4,791
L3500805.SRDUP, 19.56%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,223		3,138		3,211
L3500818.SRDUP, 19%, 10/13/2027 (a)(j)	Upstart		10/18/2022		30,000		29,100		29,903
L3500820.SRDUP, 24.33%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,800		1,746		1,788
L3500831.SRDUP, 24%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,500		1,455		1,490
L3500838.SRDUP, 20.91%, 10/13/2027 (a)(j)	Upstart		10/18/2022		7,000		6,790		6,977
L3500846.SRDUP, 12.54%, 10/13/2025 (a)(j)	Upstart		10/18/2022		2,000		1,941		1,995
L3500869.SRDUP, 16.64%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,366		2,295		2,357
L3500892.SRDUP, 14.84%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,700		1,649		1,697
L3500895.SRDUP, 24.39%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,600		1,558		1,591
L3500901.SRDUP, 15.75%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,900		3,783		3,888
L3500906.SRDUP, 17.79%, 10/13/2027 (a)(j)	Upstart		10/18/2022		8,000		7,760		7,974
L3500918.SRDUP, 22.64%, 10/13/2027 (a)(j)	Upstart		10/18/2022		12,300		11,931		12,259
L3500949.SRDUP, 22.77%, 10/13/2027 (a)(j)	Upstart		10/18/2022		22,300		21,631		22,181
L3500967.SRDUP, 21.28%, 10/13/2027 (a)(j)	Upstart		10/18/2022		10,000		9,700		9,947
L3500992.SRDUP, 20.83%, 10/13/2025 (a)(j)	Upstart		10/18/2022		3,800		3,687		3,775
L3500993.SRDUP, 19.77%, 10/13/2027 (a)(j)	Upstart		10/18/2022		20,000		19,400		19,935
L3501018.SRDUP, 10.44%, 10/13/2027 (a)(j)	Upstart		10/18/2022		10,000		9,701		9,991
L3501070.SRDUP, 24.23%, 10/13/2027 (a)(j)	Upstart		10/18/2022		2,600		2,522		2,583
L3501081.SRDUP, 21.06%, 10/13/2027 (a)(j)	Upstart		10/18/2022		8,500		8,275		8,455
L3501084.SRDUP, 24.37%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,700		3,589		3,676
L3501102.SRDUP, 24.28%, 10/13/2027 (a)(j)	Upstart		10/18/2022		6,000		5,820		5,953
L3501129.SRDUP, 24.14%, 10/13/2027 (a)(j)	Upstart		10/18/2022		9,800		9,506		9,736
L3501150.SRDUP, 16.65%, 10/13/2027 (a)(j)	Upstart		10/18/2022		5,500		5,335		5,482
L3501239.SRDUP, 24.13%, 10/13/2027 (a)(j)	Upstart		10/18/2022		7,000		6,790		6,977
L3501245.SRDUP, 19.97%, 10/13/2027 (a)(j)	Upstart		10/18/2022		8,600		8,342		8,555
L3501266.SRDUP, 23.82%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,100		1,067		1,094
L3501280.SRDUP, 17.21%, 10/13/2027 (a)(j)	Upstart		10/18/2022		7,000		6,790		6,978
L3501285.SRDUP, 24.33%, 10/13/2027 (a)(j)	Upstart		10/18/2022		1,600		1,552		1,590

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

119

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		FAIR VALUE
United States - 11.1% (continued)
L3501301.SRDUP, 9.97%, 10/13/2025 (a)(j)	Upstart		10/18/2022	$	4,000	$	3,881	$	3,993
L3501346.SRDUP, 24.24%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,600		4,462		4,570
L3501417.SRDUP, 23.82%, 10/13/2027 (a)(j)	Upstart		10/18/2022		4,200		4,074		4,172
Total Consumer Loans (Cost $52,091,189)							52,091,189		50,050,633
Student Loans (f) - 0.0%
United States - 0.0%
L3280442.SRDUP, 21.46%, 07/19/2027 (a)(j)	Upstart		07/22/2022		4,858		4,858		4,830
L3281850.SRDUP, 24.4%, 07/19/2027 (a)(j)(k)	Upstart		07/22/2022		3,297		3,296		3,160
L3283479.SRDUP, 17.33%, 07/20/2027 (a)(j)	Upstart		07/25/2022		6,460		6,460		6,416
L3291812.SRDUP, 17.77%, 07/22/2027 (a)(j)	Upstart		07/27/2022		4,843		4,843		4,817
L3294068.SRDUP, 24.04%, 07/25/2027 (a)(j)	Upstart		07/28/2022		1,168		1,168		1,160
L3300956.SRDUP, 22.06%, 07/27/2027 (a)(j)	Upstart		08/01/2022		10,888		10,888		10,795
L3320263.SRDUP, 21.57%, 08/03/2027 (a)(j)	Upstart		08/08/2022		3,434		3,334		3,386
L3321408.SRDUP, 15.62%, 08/04/2027 (a)(j)	Upstart		08/09/2022		12,708		12,339		12,600
L3323628.SRDUP, 13.78%, 08/05/2027 (a)(j)	Upstart		08/10/2022		2,930		2,845		2,918
L3324892.SRDUP, 17.55%, 08/05/2027 (a)(j)	Upstart		08/10/2022		1,176		1,142		1,168
L3324897.SRDUP, 16.22%, 08/05/2027 (a)(j)(k)	Upstart		08/10/2022		4,707		4,571		4,667
L3325120.SRDUP, 15.78%, 08/05/2027 (a)(j)	Upstart		08/10/2022		9,583		9,304		9,519
L3325168.SRDUP, 24.39%, 08/05/2027 (a)(j)	Upstart		08/10/2022		2,948		2,862		2,909
L3325729.SRDUP, 24.3%, 08/05/2027 (a)(j)	Upstart		08/10/2022		2,456		2,384		2,424
L3327392.SRDUP, 9.7%, 08/08/2025 (a)(j)	Upstart		08/11/2022		4,751		4,618		4,727
L3332346.SRDUP, 18.7%, 08/09/2027 (a)(j)(k)	Upstart		08/12/2022		2,400		2,328		756
L3382376.SRDUP, 16.97%, 09/01/2027 (a)(j)	Upstart		09/07/2022		4,154		4,032		4,124
L3385912.SRDUP, 14.81%, 09/02/2027 (a)(j)	Upstart		09/08/2022		14,958		14,511		14,882
L3487758.SRDUP, 16.74%, 10/13/2027 (a)(j)	Upstart		10/18/2022		3,800		3,686		3,788
Total Student Loans (Cost $99,469)							99,469		99,046
TOTAL WHOLE LOANS (Cost $52,190,658)									50,149,679
TOTAL INVESTMENTS (Cost $481,378,455) - 100.8%									455,243,504
OTHER LIABILITIES IN EXCESS OF ASSETS - (0.8)%									(3,650,337)
TOTAL NET ASSETS - 100.0%								$	451,593,167

Percentages are stated as a percent of net assets.

(a) Security is fair valued by a third-party valuation specialist pursuant to procedures approved by the Board of Trustees. Value is determined using significant unobservable inputs.

(b) Security is restricted to resale to institutional investors. The aggregate value of these securities is $35,736,155, which represents 7.9% of net assets.

(c) Underlying holdings are mortgages.

(d) Underlying holdings are consumer loans.

(e) Affiliated company. See Note 3.

(f) Rounds to zero.

(g) Rate shown is the 7-day effective yield.

(h) All or a portion of this security is held as collateral for derivative contracts.

(i) Rate shown is the effective yield based on purchase price. The calculation assumes the security is held to maturity.

(j) Security may be deemed restricted to resale to institutional investors. The aggregate value of these securities is $50,149,679 which represents 11.1% of net assets.

(k) Non-income producing security.

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

120

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

Written Options

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		FAIR VALUE
CALL OPTIONS
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $64.25		75		4,800,750	$	32,250
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $64.50		65		4,160,650		22,100
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $64.75		100		6,401,000		26,000
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $65.00		175		11,201,750		35,000
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $65.50		97		6,208,970		10,670
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $65.75		40		2,560,400		3,200
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $66.00		125		8,001,250		7,500
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $66.50		63		4,032,630		1,575
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $67.00		29		1,856,290		290
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $68.00		16		1,024,160		80
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $112.50		91		6,532,663		147,306
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $112.75		121		8,686,288		180,744
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $113.00		227		16,295,763		309,287
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $113.50		237		17,013,638		266,625
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $114.00		124		8,901,650		112,375
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $114.50		174		12,491,025		123,975
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $114.75		5		358,938		3,125
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $115.00		114		8,183,775		61,987
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $115.50		109		7,824,838		43,600
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $116.00		47		3,374,013		13,219
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $116.50		17		1,220,388		3,294
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $117.00		12		861,450		1,500
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $117.50		1		71,788		81
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $118.00		6		430,725		300
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $124.00		50		3,589,375		313
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $73.25		48		3,523,680		23,520
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $73.50		165		12,112,650		57,750
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $73.75		100		7,341,000		25,000
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $74.00		262		19,233,420		44,540
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $74.25		75		5,505,750		8,250
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $74.50		137		10,057,170		9,590
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $74.75		25		1,835,250		1,000
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $75.00		38		2,789,580		950
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $75.50		60		4,404,600		600
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $76.00		9		660,690		45
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $77.00		12		880,920		60
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $77.50		50		3,670,500		250
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $78.00		37		2,716,170		185
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $78.50		75		5,505,750		375
Canadian Dollar Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $75.50		25		1,835,250		4,250
Canadian Dollar Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $76.00		25		1,835,250		2,750
Canadian Dollar Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $76.50		40		2,936,400		2,400
CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $37.00		186		481,368		6,231
CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $38.00		50		129,400		1,525
CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $39.00		114		295,032		3,078
CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $37.50		1		2,588		32
CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $40.00		296		766,048		7,252
CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $42.50		11		28,468		214
CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $45.00		90		232,920		1,440
CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $47.50		50		129,400		675
CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $50.00		350		905,800		4,025
CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $55.00		123		318,324		1,045
Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,350.00		56		1,307,600		14,000
Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,400.00		163		3,806,050		16,300
Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,450.00		320		7,472,000		16,000

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

121

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		FAIR VALUE
Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,500.00		300		7,005,000	$	9,000
Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,550.00		300		7,005,000		6,000
Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,600.00		316		7,378,600		3,160
Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,650.00		264		6,164,400		2,640
Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,700.00		225		5,253,750		2,250
Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,750.00		97		2,264,950		970
Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,800.00		64		1,494,400		640
Cocoa Future, January 2023 Settlement, Expires 12/02/2022 Strike Price $2,450.00		212		4,967,160		69,960
Cocoa Future, January 2023 Settlement, Expires 12/02/2022 Strike Price $2,500.00		52		1,218,360		11,960
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $220.00		8		533,100		390
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $222.50		11		733,013		495
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $225.00		44		2,932,050		1,650
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $227.50		48		3,198,600		1,620
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $230.00		41		2,732,138		1,230
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $232.50		35		2,332,313		919
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $235.00		33		2,199,038		742
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $237.50		44		2,932,050		825
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $240.00		7		466,463		131
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $710.00		25		864,375		12,344
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $715.00		25		864,375		10,625
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $720.00		25		864,375		9,219
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $725.00		141		4,875,075		44,944
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $730.00		155		5,359,125		42,625
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $735.00		186		6,430,950		45,337
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $740.00		264		9,127,800		56,100
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $745.00		89		3,077,175		16,688
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $750.00		161		5,566,575		26,162
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $755.00		75		2,593,125		10,781
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $760.00		125		4,321,875		16,406
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $78.00		71		2,556,000		23,430
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $79.00		82		2,952,000		21,730
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $80.00		94		3,384,000		19,740
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $81.00		171		6,156,000		29,925
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $82.00		167		6,012,000		24,215
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $83.00		133		4,788,000		15,960
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $84.00		112		4,032,000		11,760
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $85.00		37		1,332,000		3,330
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $97.00		12		432,000		300
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $98.00		26		936,000		650
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $99.00		32		1,152,000		640
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $100.00		27		972,000		540
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $101.00		29		1,044,000		580
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $102.00		29		1,044,000		435
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $103.00		19		684,000		285
Crude Oil Future, December 2022 Settlement, Expires 11/16/2022 Strike Price $99.50		8		692,240		3,440
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $103.50		25		2,320,250		29,000
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $106.00		5		464,050		4,250
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $106.50		44		4,083,640		35,200
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $107.00		87		8,074,470		65,250
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $107.50		70		6,496,700		49,700
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $108.00		59		5,475,790		39,530
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $108.50		87		8,074,470		54,810
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $109.00		60		5,568,600		35,400
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $109.50		84		7,796,040		47,040
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $110.00		25		2,320,250		13,250
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $110.50		10		928,100		5,000
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $111.00		19		1,763,390		8,930
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $111.50		15		1,392,150		6,750

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

122

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		FAIR VALUE
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $112.00		15		1,392,150	$	6,450
Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $0.985		3		371,250		3,975
Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $0.990		14		1,732,500		12,950
Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $0.995		15		1,856,250		9,187
Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $1.005		6		742,500		1,275
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,715.00		7		1,148,490		3,850
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,720.00		10		1,640,700		5,000
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,725.00		25		4,101,750		11,250
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,730.00		21		3,445,470		8,400
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,735.00		53		8,695,710		19,080
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,740.00		78		12,797,460		24,960
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,745.00		98		16,078,860		27,440
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,750.00		91		14,930,370		22,750
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,755.00		39		6,398,730		8,580
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,760.00		14		2,296,980		2,800
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,765.00		23		3,773,610		4,140
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,770.00		29		4,758,030		4,640
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,775.00		39		6,398,730		5,460
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,780.00		40		6,562,800		5,200
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,790.00		11		1,804,770		1,210
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,795.00		10		1,640,700		900
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,800.00		7		1,148,490		630
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $364.00		19		1,603,125		10,169
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $373.00		5		421,875		1,562
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $374.00		10		843,750		3,000
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $375.00		15		1,265,625		4,125
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $376.00		15		1,265,625		3,938
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $377.00		10		843,750		2,375
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $378.00		10		843,750		2,250
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $379.00		10		843,750		2,125
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $380.00		89		7,509,375		17,800
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $381.00		55		4,640,625		10,313
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $382.00		101		8,521,875		17,675
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $383.00		67		5,653,125		10,887
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $384.00		52		4,387,500		7,800
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $385.00		40		3,375,000		5,500
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $386.00		30		2,531,250		4,125
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $387.00		50		4,218,750		6,250
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $388.00		20		1,687,500		2,250
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $389.00		15		1,265,625		1,687
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $390.00		32		2,700,000		3,200
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $400.00		5		421,875		250
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $69.00		25		2,114,375		3,438
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $69.25		12		1,014,900		1,200
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $69.50		78		6,596,850		5,850
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $69.75		50		4,228,750		3,125
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.00		95		8,034,625		4,156
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.25		105		8,880,375		3,938
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.50		65		5,497,375		2,031
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.75		62		5,243,650		1,550
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.00		75		6,343,125		1,406
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.25		87		7,358,025		1,088
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.50		37		3,129,275		463
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $87.00		25		849,300		18,750
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $88.00		25		849,300		15,000
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $89.00		75		2,547,900		35,250
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $90.00		155		5,265,660		57,350
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $91.00		100		3,397,200		29,000

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

123

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		FAIR VALUE
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $93.00		25		849,300	$	4,250
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $94.00		40		1,358,880		5,200
Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $149.00		25		1,524,800		36,000
Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $150.00		75		4,574,400		80,250
Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $151.00		80		4,879,360		58,400
Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $152.00		75		4,574,400		33,750
Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $153.00		25		1,524,800		6,250
Live Cattle Future, December 2022 Settlement, Expires 12/02/2022 Strike Price $152.00		25		1,524,800		24,250
Live Cattle Future, December 2022 Settlement, Expires 12/02/2022 Strike Price $153.00		75		4,574,400		57,000
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.15		30		1,908,000		231,300
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.20		20		1,272,000		149,440
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.25		20		1,272,000		144,820
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.30		20		1,272,000		140,320
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.50		25		1,590,000		154,500
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.55		25		1,590,000		149,725
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.60		46		2,925,600		266,984
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.65		61		3,879,600		343,125
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.70		50		3,180,000		272,600
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.75		95		6,042,000		502,170
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.80		37		2,353,200		189,588
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.85		36		2,289,600		178,848
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.95		16		1,017,600		74,720
Natural Gas Future, January 2023 Settlement, Expires 12/27/2022 Strike Price $12.05		25		1,652,500		62,693
Natural Gas Future, January 2023 Settlement, Expires 12/27/2022 Strike Price $12.10		25		1,652,500		61,693
Natural Gas Future, January 2023 Settlement, Expires 12/27/2022 Strike Price $13.05		25		1,652,500		52,693
Natural Gas Future, January 2023 Settlement, Expires 12/27/2022 Strike Price $13.10		25		1,652,500		52,443
Natural Gas Future, January 2023 Settlement, Expires 12/27/2022 Strike Price $15.00		25		1,652,500		36,193
Natural Gas Future, January 2023 Settlement, Expires 12/27/2022 Strike Price $15.25		25		1,652,500		34,693
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $20.75		20		1,912,000		17,715
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $21.05		20		1,912,000		13,400
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $21.50		22		2,103,200		10,340
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $21.95		24		2,294,400		8,040
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $22.00		1		95,600		353
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $22.50		4		382,400		920
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $22.55		12		1,147,200		2,700
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $22.60		13		1,242,800		2,795
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $22.75		4		382,400		780
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $22.85		8		764,800		1,480
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $25.00		1		95,600		60
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $25.25		3		286,800		165
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $25.50		1		95,600		50
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,440.00		51		3,619,725		44,944
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,450.00		117		8,304,075		83,363
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,460.00		100		7,097,500		56,875
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,470.00		184		13,059,400		83,950
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,480.00		155		11,001,125		55,219
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,490.00		98		6,955,550		27,563
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,500.00		124		8,800,900		27,900
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,510.00		45		3,193,875		7,875
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,520.00		51		3,619,725		7,013
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $73.50		50		2,196,300		63,900
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $74.00		50		2,196,300		57,300
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $75.00		50		2,196,300		45,750
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $77.00		50		2,196,300		28,050
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $78.50		40		1,757,040		15,000
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $79.50		48		2,108,448		13,824
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $80.00		40		1,757,040		9,960
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $80.50		95		4,172,970		20,805

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

124

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		FAIR VALUE
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $81.00		73		3,206,598	$	14,016
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $81.50		59		2,591,634		9,912
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $82.00		81		3,558,006		11,907
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $82.50		48		2,108,448		6,192
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $83.00		38		1,669,188		4,332
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $83.50		122		5,358,972		12,078
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $84.00		14		614,964		1,218
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $84.50		18		790,668		1,404
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $85.00		17		746,742		1,173
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $85.50		15		658,890		945
Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $86.00		4		175,704		216
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $19.00		302		6,078,173		16,912
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $19.25		400		8,050,560		13,440
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $19.50		450		9,056,880		10,080
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $19.75		200		4,025,280		2,240
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $20.00		160		3,220,224		1,792
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $20.25		75		1,509,480		840
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $20.50		50		1,006,320		560
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $970.00		25		1,102,813		17,969
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $975.00		25		1,102,813		17,031
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $980.00		25		1,102,813		15,938
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $985.00		50		2,205,625		30,313
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $990.00		50		2,205,625		28,438
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $995.00		50		2,205,625		26,875
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,000.00		50		2,205,625		25,625
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,005.00		50		2,205,625		24,375
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,010.00		50		2,205,625		23,125
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,015.00		50		2,205,625		21,875
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,020.00		50		2,205,625		20,937
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,025.00		50		2,205,625		20,000
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,030.00		50		2,205,625		19,062
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,035.00		41		1,808,613		15,119
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,055.00		30		1,323,375		9,188
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,065.00		33		1,455,713		9,281
Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,075.00		16		705,800		4,200
TOTAL CALL OPTIONS (Premiums Received $10,154,429)						7,658,209
PUT OPTIONS
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $58.00		20		1,280,200		100
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $59.00		4		256,040		20
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $60.00		25		1,600,250		125
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $60.50		50		3,200,500		250
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $61.00		25		1,600,250		250
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $61.50		165		10,561,650		4,125
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $61.75		68		4,352,680		2,720
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $62.00		181		11,585,810		10,860
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $62.25		175		11,201,750		14,000
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $62.50		272		17,410,720		29,920
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $63.00		175		11,201,750		33,250
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $63.50		75		4,800,750		24,750
Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $64.00		25		1,600,250		13,500
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $100.00		2		143,575		12
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $101.00		20		1,435,750		125
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $104.00		3		215,363		37
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $104.50		2		143,575		25
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $105.50		25		1,794,688		312
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $106.00		116		8,327,350		1,450

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

125

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		FAIR VALUE
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $106.50		125		8,973,438	$	1,562
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $107.00		147		10,552,763		2,756
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $107.50		248		17,803,300		4,650
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $108.00		164		11,773,150		3,075
British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $108.75		5		358,938		94
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $69.00		12		880,920		60
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.00		39		2,862,990		195
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.50		50		3,670,500		250
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.75		50		3,670,500		250
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.00		148		10,864,680		740
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.25		100		7,341,000		1,000
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.50		298		21,876,180		5,960
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.75		189		13,874,490		5,670
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $72.00		279		20,481,390		13,950
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $72.50		75		5,505,750		8,250
Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $73.00		41		3,009,810		9,840
CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,575.00		25		9,679,950		1,500
CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,580.00		25		9,679,950		1,625
CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,585.00		50		19,359,900		3,500
CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,590.00		50		19,359,900		3,750
CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,595.00		50		19,359,900		4,000
CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,600.00		25		9,679,950		2,125
CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,605.00		25		9,679,950		2,250
CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,610.00		50		19,359,900		4,875
CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,615.00		50		19,359,900		5,250
CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,620.00		75		29,039,850		8,625
CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,625.00		50		19,359,900		6,250
CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,630.00		25		9,679,950		3,437
CME Bitcoin Future, November 2022 Settlement, Expires 11/28/2022 Strike Price $14,000.00		10		1,019,000		3,000
CME Bitcoin Future, November 2022 Settlement, Expires 11/28/2022 Strike Price $14,500.00		25		2,547,500		8,750
CME Bitcoin Future, November 2022 Settlement, Expires 11/28/2022 Strike Price $15,000.00		25		2,547,500		10,625
CME Bitcoin Future, November 2022 Settlement, Expires 11/28/2022 Strike Price $16,000.00		60		6,114,000		37,500
CME Bitcoin Future, November 2022 Settlement, Expires 11/28/2022 Strike Price $16,500.00		5		509,500		3,875
CME Bitcoin Future, November 2022 Settlement, Expires 11/28/2022 Strike Price $17,000.00		10		1,019,000		10,000
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $177.50		64		4,264,800		122,160
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $180.00		64		4,264,800		155,760
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $182.50		54		3,598,425		163,620
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $185.00		57		3,798,338		210,330
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $187.50		63		4,198,163		277,830
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $190.00		75		4,997,813		387,844
Coffee ‘C’ Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $192.50		9		599,738		53,797
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $620.00		25		864,375		1,719
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $625.00		50		1,728,750		3,750
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $630.00		75		2,593,125		6,562
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $635.00		75		2,593,125		7,500
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $640.00		75		2,593,125		8,906
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $645.00		75		2,593,125		10,781
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $650.00		75		2,593,125		13,125
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $655.00		75		2,593,125		15,937
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $660.00		98		3,388,350		25,725
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $665.00		362		12,516,150		115,388
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $670.00		300		10,372,500		118,125
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $675.00		216		7,468,200		103,950
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $680.00		205		7,087,875		116,594
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $685.00		214		7,399,050		145,787
Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $690.00		28		968,100		22,575
Corn Future, January 2023 Settlement, Expires 12/23/2022 Strike Price $660.00		46		1,602,525		21,563
Corn Future, January 2023 Settlement, Expires 12/23/2022 Strike Price $665.00		59		2,055,413		31,712

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

126

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		FAIR VALUE
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $73.00		17		612,000	$	25,075
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $74.00		77		2,772,000		137,830
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $75.00		112		4,032,000		239,120
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $76.00		130		4,680,000		326,300
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $77.00		148		5,328,000		430,680
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $78.00		119		4,284,000		396,270
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $79.00		94		3,384,000		353,910
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $85.00		42		1,512,000		276,780
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $86.00		29		1,044,000		205,175
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $87.00		26		936,000		196,690
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $88.00		32		1,152,000		257,920
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $89.00		25		900,000		213,875
Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $90.00		6		216,000		54,300
Cotton Future, January 2023 Settlement, Expires 12/16/2022 Strike Price $70.00		6		214,920		11,460
Crude Oil Future, December 2022 Settlement, Expires 11/16/2022 Strike Price $73.50		8		692,240		1,920
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $79.75		10		928,100		5,700
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $80.00		5		464,050		2,950
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $80.50		50		4,640,500		32,500
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $80.75		5		464,050		3,400
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $81.00		118		10,951,580		83,780
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $81.25		22		2,041,820		16,280
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $81.50		80		7,424,800		61,600
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $81.75		15		1,392,150		12,150
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $82.00		48		4,454,880		40,320
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $82.25		15		1,392,150		13,200
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $82.50		80		7,424,800		73,600
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $82.75		40		3,712,400		38,400
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $83.00		52		4,826,120		52,000
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $83.25		5		464,050		5,200
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $83.50		5		464,050		5,450
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $83.75		2		185,620		2,260
Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $84.00		5		464,050		5,900
Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $0.940		3		371,250		19
Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $0.950		5		618,750		31
Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $0.960		40		4,950,000		1,250
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,380.00		14		15,383,410		13,615
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,390.00		23		25,272,745		23,173
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,410.00		22		24,173,930		6,490
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,420.00		14		15,383,410		4,375
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,430.00		8		8,790,520		2,620
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,440.00		4		4,395,260		1,360
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,510.00		4		4,395,260		1,960
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,520.00		8		8,790,520		4,080
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,530.00		8		8,790,520		9,600
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,540.00		8		8,790,520		4,520
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,560.00		2		2,197,630		2,480
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,540.00		22		3,609,540		6,380
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,545.00		10		1,640,700		3,200
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,550.00		85		13,945,950		31,450
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,555.00		13		2,132,910		5,330
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,560.00		35		5,742,450		16,450
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,565.00		23		3,773,610		12,190
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,570.00		38		6,234,660		22,420
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,575.00		18		2,953,260		12,060
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,580.00		84		13,781,880		63,000
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,585.00		79		12,961,530		66,360
Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,590.00		6		984,420		5,640
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $310.00		10		843,750		5,125

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

127

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		FAIR VALUE
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $312.00		5		421,875	$	2,938
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $313.00		15		1,265,625		9,375
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $315.00		5		421,875		3,563
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $316.00		1		84,375		750
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $317.00		31		2,615,625		24,800
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $318.00		32		2,700,000		27,200
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $319.00		44		3,712,500		39,600
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $320.00		27		2,278,125		25,650
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $321.00		45		3,796,875		45,562
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $322.00		50		4,218,750		53,750
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $323.00		45		3,796,875		51,188
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $324.00		20		1,687,500		24,250
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $325.00		35		2,953,125		45,062
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $326.00		55		4,640,625		74,938
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $327.00		40		3,375,000		58,000
HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $328.00		29		2,446,875		44,588
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $66.50		25		2,114,375		3,438
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $66.75		26		2,198,950		5,200
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $67.00		25		2,114,375		6,875
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $67.25		121		10,233,575		45,375
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $67.50		130		10,994,750		65,000
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $67.75		128		10,825,600		83,200
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $68.00		111		9,387,825		92,963
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $68.25		92		7,780,900		96,600
Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $68.50		114		9,641,550		146,775
Japanese Yen Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $65.50		5		422,875		2,375
Japanese Yen Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $66.50		13		1,099,475		10,563
Japanese Yen Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $68.00		25		2,114,375		41,562
Japanese Yen Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $68.50		50		4,228,750		102,500
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $72.00		35		1,189,020		3,850
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $73.00		25		849,300		3,250
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $74.00		100		3,397,200		15,000
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $75.00		75		2,547,900		13,500
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $76.00		48		1,630,656		10,080
Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $77.00		60		2,038,320		15,600
Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $144.00		39		2,378,688		390
Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $145.00		75		4,574,400		750
Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $146.00		75		4,574,400		750
Live Cattle Future, December 2022 Settlement, Expires 12/02/2022 Strike Price $139.00		25		1,524,800		1,000
Live Cattle Future, December 2022 Settlement, Expires 12/02/2022 Strike Price $141.00		60		3,659,520		3,600
Live Cattle Future, December 2022 Settlement, Expires 12/02/2022 Strike Price $142.00		50		3,049,600		4,000
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,375.00		12		13,185,780		11,580
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,400.00		37		40,656,155		33,855
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,425.00		4		4,395,260		1,280
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,525.00		8		8,790,520		9,520
NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,550.00		4		4,395,260		4,900
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $4.70		24		1,526,400		23,592
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $4.75		25		1,590,000		26,550
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $4.80		58		3,688,800		66,468
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $4.85		61		3,879,600		75,274
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $4.90		96		6,105,600		127,488
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $4.95		20		1,272,000		28,540
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $5.00		25		1,590,000		38,300
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $5.90		20		1,272,000		89,200
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $5.95		20		1,272,000		93,740
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.00		20		1,272,000		98,440
Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.05		30		1,908,000		154,890
Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,655.00		3		554,058		720

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

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Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		FAIR VALUE
Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,660.00		14		2,585,604	$	3,360
Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,665.00		14		2,585,604		3,360
Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,670.00		14		2,585,604		3,395
Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,675.00		17		3,139,662		4,122
Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,680.00		16		2,954,976		480
Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,685.00		18		3,324,348		4,410
Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,690.00		16		2,954,976		600
Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,695.00		50		9,234,300		12,250
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.00		12		1,147,200		4,260
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.15		5		478,000		2,114
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.25		3		286,800		1,478
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.35		7		669,200		3,694
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.40		72		6,883,200		39,960
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.45		29		2,772,400		16,965
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.50		25		2,390,000		15,500
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.55		17		1,625,200		11,135
Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.60		13		1,242,800		9,035
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,270.00		9		638,775		394
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,280.00		10		709,750		563
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,290.00		113		8,020,175		7,769
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,300.00		153		10,859,175		12,431
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,310.00		152		10,788,200		15,200
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,320.00		181		12,846,475		22,625
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,330.00		194		13,769,150		30,312
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,340.00		223		15,827,425		45,994
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,350.00		93		6,600,675		24,994
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,360.00		50		3,548,750		17,188
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,370.00		50		3,548,750		22,188
Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,380.00		50		3,548,750		28,437
Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $365.00		23		984,630		690
Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $370.00		11		470,910		385
Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $375.00		61		2,611,410		2,745
Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $380.00		14		599,340		770
Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $385.00		50		2,140,500		3,750
Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $390.00		104		4,452,240		10,400
Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $395.00		124		5,308,440		16,740
Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $400.00		213		9,118,530		40,470
Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $405.00		192		8,219,520		50,880
Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $410.00		181		7,748,610		66,970
Soybean Meal Future, January 2023 Settlement, Expires 12/23/2022 Strike Price $385.00		20		838,200		5,600
Soybean Meal Future, January 2023 Settlement, Expires 12/23/2022 Strike Price $390.00		29		1,215,390		10,585
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $17.00		75		1,509,480		4,200
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $17.25		100		2,012,640		8,960
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $17.50		50		1,006,320		7,840
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $17.75		198		3,985,027		48,787
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $18.00		308		6,198,931		113,837
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $18.25		407		8,191,445		218,803
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $18.50		505		10,163,832		373,296
Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $18.75		450		9,056,880		433,440
TOTAL PUT OPTIONS (Premiums Received $10,211,334)						10,336,391
TOTAL WRITTEN OPTIONS (Premiums Received $20,365,763)					$	17,994,600

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

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129

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

Open Futures Contracts

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL VALUE		VALUE/ UNREALIZED APPRECIATION (DEPRECIATION)
FUTURES CONTRACTS SOLD
Brent Crude, April 2023 Settlement		20	$	1,762,600	$	(3,322)
Coffee ‘C’, December 2022 Settlement		215		14,327,062		195,344
Coffee ‘C’, March 2023 Settlement		82		5,352,038		977,775
Copper, December 2022 Settlement		10		843,750		13,364
Corn, December 2022 Settlement		285		9,853,875		(316,427)
Corn, March 2023 Settlement		52		1,811,550		8,324
Cotton No.2, December 2022 Settlement		410		14,760,000		308,898
DAX Index, December 2022 Settlement		19		6,238,104		(359,238)
E-Mini Russell 2000 Index, December 2022 Settlement		5		463,250		(34,985)
Euro, December 2022 Settlement		137		4,898,418		(121,278)
FTSE China A50 Index, November 2022 Settlement		870		9,710,070		550,505
FTSE Top 100 Index, December 2022 Settlement		151		12,307,853		(34,254)
Gold 100 Oz, April 2023 Settlement		4		667,800		13,031
Japanese Yen, December 2022 Settlement		250		21,143,750		(64,741)
KC HRW Wheat, March 2023 Settlement		88		4,286,700		(497,762)
Kospi2 Index, December 2022 Settlement		51		2,691,513		(100,514)
Live Cattle, April 2023 Settlement		34		2,163,420		(53,355)
Low Su Gasoil, April 2023 Settlement		9		810,900		20,011
NASDAQ 100 E-Mini Index, December 2022 Settlement		15		3,434,175		(55,186)
Natural Gas, April 2023 Settlement		46		2,204,780		115,556
NY Harbor ULSD, April 2023 Settlement		13		1,717,552		18,337
OMXS30 Index, November 2022 Settlement		619		11,005,117		(137,945)
S&P500 Emini, December 2022 Settlement		33		6,406,950		(156,540)
S&P/TSX 60 Index, December 2022 Settlement		28		4,840,577		(200,711)
SGX Nifty 50 Index, November 2022 Settlement		130		4,695,730		(59,997)
Soybean, January 2023 Settlement		65		4,613,375		(47,866)
Soybean Meal, December 2022 Settlement		209		8,947,290		(457,688)
Soybean Meal, January 2023 Settlement		13		544,830		(17,587)
Soybean Oil, March 2023 Settlement		49		2,003,022		(155,406)
Sugar #11, March 2023 Settlement		1,240		24,956,736		387,255
Swiss Market Index, December 2022 Settlement		57		6,158,516		(59,660)
Wheat Future, March 2023 Settlement		94		4,226,475		(117,332)
WTI Crude, April 2023 Settlement		22		1,799,160		20,620
TOTAL FUTURES CONTRACTS SOLD			$	201,646,938	$	(422,774)
FUTURES CONTRACTS PURCHASED
Amsterdam Index, November 2022 Settlement		35	$	4,627,213	$	174,064
Australian Dollar, December 2022 Settlement		80		5,120,800		(86,073)
British Pound, December 2022 Settlement		850		61,019,375		(116,529)
Canadian Dollar, December 2022 Settlement		115		8,441,575		(46,183)
CAC 40 Index, November 2022 Settlement		79		4,893,926		131,471
CBOE VIX, November 2022 Settlement		100		2,587,530		(433,950)
Cocoa, December 2022 Settlement		275		6,421,250		(134,007)
Cocoa, March 2023 Settlement		48		1,124,640		20,983
Copper, March 2023 Settlement		6		503,625		(34,843)
Cotton No.2, March 2023 Settlement		101		3,617,820		(1,312,917)
Euro, December 2022 Settlement		19		2,356,831		(30,953)
FTSE Taiwan Index, November 2022 Settlement		193		8,833,610		172,800
FTSE/JSE Top 40 Index, December 2022 Settlement		42		1,382,527		51,141
FTSE/MIB Index, December 2022 Settlement		13		1,448,077		16,553
Gasoline RBOB, April 2023 Settlement		49		5,379,406		53,334
Gold 100 Oz, December 2022 Settlement		20		3,281,400		(193,206)
Hang Seng Index, November 2022 Settlement		87		8,111,311		(268,065)

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

130

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL VALUE		VALUE/ UNREALIZED APPRECIATION (DEPRECIATION)
FUTURES CONTRACTS PURCHASED (continued)
IBEX 35 Index, November 2022 Settlement		126	$	9,899,297	$	400,895
Lean Hogs, December 2022 Settlement		75		2,547,750		(68,152)
Lean Hogs, April 2023 Settlement		115		4,305,600		396,388
Live Cattle, December 2022 Settlement		240		14,637,600		45,593
Natural Gas, December 2022 Settlement		145		9,214,750		230,291
Natural Gas, January 2023 Settlement		25		1,651,750		17,513
Silver, March 2023 Settlement		19		1,833,120		(29,644)
Soybean, March 2023 Settlement		26		1,855,750		3,595
Soybean Meal, March 2023 Settlement		46		1,882,780		28,350
Soybean Oil, December 2022 Settlement		140		6,149,640		89,693
SPI 200 Index, December 2022 Settlement		85		9,319,090		220,880
Sugar #11, May 2023 Settlement		182		3,442,858		(168,780)
Wheat Future, December 2022 Settlement		225		9,925,313		121,277
Yen Denom Nikkei, December 2022 Settlement		19		1,760,147		73,177
TOTAL FUTURES CONTRACTS PURCHASED			$	207,576,361	$	(675,304)

Open Forward Currency Contracts

COUNTERPARTY	FORWARD SETTLEMENT DATE		CURRENCY TO BE RECEIVED	AMOUNT OF CURRENCY TO BE RECEIVED IN LOCAL CURRENCY		CURRENCY TO BE DELIVERED	AMOUNT OF CURRENCY TO BE DELIVERED IN LOCAL CURRENCY		UNREALIZED APPRECIATION (DEPRECIATION)
Morgan Stanley Capital Services LLC		1/5/2023	Brazilian Real		3,192,348	United States Dollar		600,246	$	9,470
Morgan Stanley Capital Services LLC		1/5/2023	British Pound		17,231,716	United States Dollar		19,441,653		368,629
Morgan Stanley Capital Services LLC		1/5/2023	Chilean Peso		584,423,515	United States Dollar		600,246		12,662
Morgan Stanley Capital Services LLC		1/5/2023	Colombian Peso		66,047,089,675	United States Dollar		14,285,332		(1,056,051	)
Morgan Stanley Capital Services LLC		1/5/2023	Euro		17,593,262	United States Dollar		17,367,945		120,648
Morgan Stanley Capital Services LLC		1/5/2023	Hungarian Forint		6,297,207,197	United States Dollar		14,285,332		622,457
Morgan Stanley Capital Services LLC		1/5/2023	Indian Rupee		1,128,143,750	United States Dollar		13,685,086		(161,667	)
Morgan Stanley Capital Services LLC		1/5/2023	Indonesian Rupiah		108,621,096,757	United States Dollar		7,067,131		(140,376	)
Morgan Stanley Capital Services LLC		1/5/2023	Japanese Yen		2,468,458,594	United States Dollar		17,246,371		(493,229	)
Morgan Stanley Capital Services LLC		1/5/2023	United States Dollar		21,773,735	Australian Dollar		33,507,668		291,156
Barclays Bank UK PLC		4/3/2023	United States Dollar		102,484,001	Brazilian Real		553,540,000		(1,546,332	)
Morgan Stanley Capital Services LLC		1/4/2023	United States Dollar		4,008,683	Canadian Dollar		5,475,232		(13,940	)
Morgan Stanley Capital Services LLC		1/5/2023	United States Dollar		14,285,332	Czech Koruna		360,845,915		(225,396	)
Morgan Stanley Capital Services LLC		1/5/2023	United States Dollar		17,185,582	Israeli New Shekel		60,984,258		(177,859	)
Morgan Stanley Capital Services LLC		1/5/2023	United States Dollar		13,084,840	Mexican Peso		266,208,688		(190,216	)
Morgan Stanley Capital Services LLC		1/5/2023	United States Dollar		7,544,071	New Taiwan Dollar		239,682,680		108,454

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

131

Consolidated Schedule of Investments as of October 31, 2022

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

COUNTERPARTY	FORWARD SETTLEMENT DATE		CURRENCY TO BE RECEIVED	AMOUNT OF CURRENCY TO BE RECEIVED IN LOCAL CURRENCY		CURRENCY TO BE DELIVERED	AMOUNT OF CURRENCY TO BE DELIVERED IN LOCAL CURRENCY		UNREALIZED APPRECIATION (DEPRECIATION)
Morgan Stanley Capital Services LLC		1/5/2023	United States Dollar		2,514,490	New Zealand Dollar		4,404,308	$	(48,837	)
Morgan Stanley Capital Services LLC		1/5/2023	United States Dollar		20,914,399	Norwegian Krone		224,659,933		(747,839	)
Morgan Stanley Capital Services LLC		1/5/2023	United States Dollar		3,191,987	Peruvian Sol		12,807,848		(2,499	)
Morgan Stanley Capital Services LLC		1/4/2023	United States Dollar		5,293,360	Philippine Peso		315,066,081		(106,560	)
Morgan Stanley Capital Services LLC		1/5/2023	United States Dollar		6,893,049	Singapore Dollar		9,858,577		(74,414	)
Morgan Stanley Capital Services LLC		1/5/2023	United States Dollar		19,046,779	South Korean Won		27,320,109,347		(131,858	)
Morgan Stanley Capital Services LLC		1/5/2023	United States Dollar		19,247,191	Swiss Franc		18,870,743		240,880
									$	(3,342,717	)

Total Return Swap Contracts

COUNTERPARTY	REFERENCE ENTITY	PROTECTION		PAY FIXED RATES			TERMINATION DATE		PAYMENT FREQUENCY		NOTIONAL VALUE (R$)		VALUE		UPFRONT PREMIUM RECEIVED		UNREALIZED APPRECIATION
Barclays Capital Inc	BRSTNCLTN7X1(a)		Buy		(5.314	)%		Apr 03 2023		At Maturity		281,040,000	$	1,305,172	$	—	$	1,305,171
Barclays Capital Inc	BRSTNCLTN7X1(a)		Buy		(5.360	)%		Apr 03 2023		At Maturity		272,500,000		—		—		—
TOTAL RETURN SWAP CONTRACTS																	$	1,305,171

(a) The reference entity is a zero coupon bond issued by the National Treasury of Brazil.

The accompanying footnotes are an integral part of the Consolidated Schedule of Investments.

Stone Ridge Funds Annual Report October 31, 2022

132

Statement of Assets and Liabilities As of October 31, 2022

	STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND
ASSETS:
Investments, at fair value(1)	$	1,568,018,656
Interest receivable		12,078,357
Receivable for fund shares sold		2,633,491
Foreign currencies at custodian, at fair value(2)		58,405
Receivable for investment securities sold		2,105
Other assets		66,162
Total assets		1,582,857,176
LIABILITIES:
Reverse repurchase agreements		15,000,000
Payable for fund shares redeemed		920,818
Loans payable		17,000,000
Payable to Adviser		1,704,545
Payable for Chief Compliance Officer compensation		4,996
Payable to Trustees		56,479
Payable to Custodian		31,758
Accrued distribution fees		15,796
Accrued interest expense		109,983
Other accrued expenses		655,420
Total liabilities		35,499,795
Total net assets	$	1,547,357,381
NET ASSETS CONSIST OF:
Capital stock	$	1,859,428,942
Total distributable losses		(312,071,561	)
Total net assets	$	1,547,357,381
Class I
Net assets	$	1,420,941,079
Shares outstanding		175,664,118
Class I Net asset value, offering and redemption price per share	$	8.09
Class M
Net assets	$	126,416,302
Shares outstanding		15,622,799
Class M Net asset value, offering and redemption price per share	$	8.09
(1)  Cost of Investments	$	1,794,099,331
(2)  Cost of Foreign currencies		61,161

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

133

Statement of Assets and Liabilities As of October 31, 2022

	STONE RIDGE U.S. HEDGED EQUITY FUND
ASSETS:
Investments, at fair value(1)	$	30,067,519
Due from Adviser		29,215
Receivable for fund shares sold		29,216
Receivable for investment securities sold		143,883
Interest receivable		437
Other assets		15,815
Total assets		30,286,085
LIABILITIES:
Written options, at fair value(2)		416,600
Payable for investment securities purchased		139,039
Accrued audit and tax fees		61,794
Payable for fund shares redeemed		52,228
Payable for Chief Compliance Officer compensation		4,996
Payable to Custodian		875
Payable to Trustees		636
Accrued distribution fees		328
Other accrued expenses		25,404
Total liabilities		701,900
Total net assets	$	29,584,185
NET ASSETS CONSIST OF:
Capital stock	$	33,170,277
Total distributable losses		(3,586,092	)
Total net assets	$	29,584,185
Class I
Net assets	$	26,937,685
Shares outstanding		2,416,060
Class I Net asset value, offering and redemption price per share	$	11.15
Class M
Net assets	$	2,646,500
Shares outstanding		240,589
Class M Net asset value, offering and redemption price per share	$	11.00
(1)  Cost of Investments	$	30,350,635
(2)  Premiums received		423,195

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

Stone Ridge Funds Annual Report October 31, 2022

134

Consolidated Statement of Assets and Liabilities As of October 31, 2022

	STONE RIDGE DIVERSIFIED ALTERNATIVES FUND
ASSETS:
Investments, at fair value(1):
Unaffiliated issuers	$	257,090,393
Affiliated issuers		198,153,111
Unrealized appreciation on forward currency contracts		1,774,356
Unrealized appreciation on swap contracts		1,305,171
Collateral held at broker		9,678,462
Foreign currencies at broker, at value(2)		578,010
Receivable for investment securities sold		5,796,947
Receivable for fund shares sold		289,481
Interest receivable		782,774
Other assets		569,183
Total assets		476,017,888
LIABILITIES:
Written options, at fair value(3)		17,994,600
Unrealized depreciation on forward currency contracts		5,117,073
Accrued interest expense		18,000
Payable for fund shares redeemed		295,133
Payable to Adviser		227,819
Payable to Trustees		14,992
Payable for Chief Compliance Officer compensation		4,927
Other accrued expenses		752,177
Total liabilities		24,424,721
Total net assets	$	451,593,167
NET ASSETS CONSIST OF:
Capital stock	$	539,512,685
Total distributable losses		(87,919,518	)
Total net assets	$	451,593,167
Class I
Net assets	$	420,024,188
Shares outstanding		41,548,599
Class I Net asset value, offering and redemption price per share	$	10.11
Class J
Net assets	$	31,568,979
Shares outstanding		3,141,292
Class J Net asset value, offering and redemption price per share	$	10.05
(1)  Cost of Investments
Unaffiliated issuers	$	262,953,481
Affiliated issuers (See note 9)		218,424,974
(2)  Cost of foreign currencies		581,733
(3)  Premiums received		20,365,763

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

Stone Ridge Funds Annual Report October 31, 2022

135

Statement of Operations For the Year Ended October 31, 2022

	STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND
INVESTMENT INCOME:
Interest income	$	104,228,554
Dividend income		1,988,165
Total investment income		106,216,719
EXPENSES
Advisory fees (See Note 4)		23,757,784
Fund accounting and administration fees		1,292,311
Interest expense		755,354
Transfer agency fees and expenses		600,162
Legal fees		244,739
Trustees fees and expenses		215,701
Audit and tax related fees		206,024
Distribution (12b-1) fees — Class M Only		125,317
Custody fees		106,578
Federal and state registration fees		96,990	��
Chief Compliance Officer compensation		60,140
Other expenses		189,110
Total expenses before Adviser waiver		27,650,210
Expenses waived by Adviser (See Note 4)		(343,464	)
Total net expenses		27,306,746
Net investment income		78,909,973
NET REALIZED AND UNREALIZED GAIN (LOSS):
Net realized gain (loss) on:
Investments		(1,640,624	)
Foreign currency		47,771
Net change in unrealized appreciation (depreciation) on:
Investments		(185,864,386	)
Foreign currency		282
Net realized and unrealized loss		(187,456,957	)
Net decrease in net assets resulting from operations	$	(108,546,984	)

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

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Statement of Operations For the Year Ended October 31, 2022

	STONE RIDGE U.S. HEDGED EQUITY FUND
INVESTMENT INCOME:
Interest income	$	259,036
Total investment income		259,036
EXPENSES
Advisory fees (See Note 4)		173,447
Fund accounting and administration fees		89,767
Audit and tax related fees		83,464
Chief Compliance Officer compensation		60,140
Transfer agency fees and expenses		41,518
Registration expense		40,886
Trustees fees and expenses		4,076
Distribution (12b-1) fees — Class M Only		2,686
Custody fees		2,749
Other expenses		54,506
Total expenses before Adviser waiver		553,239
Expenses waived by Adviser (See Note 4)		(375,766	)
Total net expenses		177,473
Net investment income		81,563
NET REALIZED AND UNREALIZED LOSS:
Net realized loss on:
Investments:		(58,284	)
Written options		(3,232,793	)
Net change in unrealized depreciation on:
Investments		(280,168	)
Written options		(93,503	)
Net realized and unrealized loss		(3,664,748	)
Net decrease in net assets resulting from operations	$	(3,583,185	)

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

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137

Consolidated Statement of Operations For the Year Ended October 31, 2022

	STONE RIDGE DIVERSIFIED ALTERNATIVES FUND
INVESTMENT INCOME:
Interest income	$	7,806,102
Dividend income
Affiliated issuers		6,839,156
Total investment income		14,645,258
EXPENSES
Advisory fees (See Note 4)		3,087,428
Fund accounting and administration fees		728,757
Compliance fees		686,127
Investment expense		357,502
Audit and tax related fees		228,552
Transfer agency fees and expenses		164,123
Legal fees		104,340
Interest expense		98,016
Custody fees		73,762
Federal and state registration fees		61,993
Chief Compliance Officer compensation		58,483
Trustees fees and expenses		34,990
Other expenses		509,758
Total expenses before Adviser waiver		6,193,831
Expenses waived by Adviser (See Note 4)		(1,046,965	)
Total net expenses		5,146,866
Net investment income		9,498,392
NET REALIZED AND UNREALIZED GAIN (LOSS):
Net realized gain (loss) on:
Investments:
Unaffiliated issuers		(15,093,239	)
Affiliated issuers		(1,368,117	)
Foreign currencies		(392,250	)
Forward currency contracts		(3,383,022	)
Futures contracts		(89,871,537	)
Written options		116,601,555
Net change in unrealized appreciation (depreciation) on:
Investments
Unaffiliated issuers		(6,192,642	)
Affiliated issuers		(19,080,795	)
Foreign currencies		(24,586	)
Forward currency contracts		(2,898,214	)
Futures contracts		450,272
Written options		(19,554	)
Swap Contracts		1,305,171
Net realized and unrealized loss		(19,966,958	)
Net decrease in net assets resulting from operations	$	(10,468,566	)

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

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138

Statement of Changes in Net Assets

	STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND
	YEAR ENDED OCTOBER 31, 2022			YEAR ENDED OCTOBER 31, 2021
OPERATIONS:
Net investment income	$	78,909,973		$	60,003,366
Net realized gain (loss) on:
Investments		(1,640,624	)		(14,468,316	)
Foreign currency		47,771			2,288
Net change in unrealized appreciation (depreciation) on:
Investments		(185,864,386	)		(20,235,094	)
Foreign currency		282			(2,685	)
Net increase (decrease) in net assets resulting from operations		(108,546,984	)		25,299,559
DISTRIBUTIONS TO SHAREHOLDERS:
Net dividends and distributions — Class I		(58,381,239	)		(53,948,580	)
Net dividends and distributions — Class M		(5,757,653	)		(6,542,221	)
Total distributions		(64,138,892	)		(60,490,801	)
CAPITAL SHARE TRANSACTIONS:
Proceeds from shares sold — Class I		707,338,784			696,869,967
Proceeds from shares sold — Class M		41,909,155			69,051,839
Proceeds from shares issued to holders in reinvestment of dividends — Class I		33,798,186			31,267,778
Proceeds from shares issued to holders in reinvestment of dividends — Class M		5,135,495			5,335,425
Cost of shares redeemed — Class I		(431,211,750	)		(313,687,760	)
Cost of shares redeemed — Class M		(54,302,547	)		(35,288,589	)
Net increase in net assets from capital share transactions		302,667,323			453,548,660
Total increase in net assets		129,981,447			418,357,418
NET ASSETS:
Beginning of year		1,417,375,934			999,018,516
End of year	$	1,547,357,381		$	1,417,375,934

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

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139

Statement of Changes in Net Assets

	STONE RIDGE U.S. HEDGED EQUITY FUND
	YEAR ENDED OCTOBER 31, 2022			YEAR ENDED OCTOBER 31, 2021
OPERATIONS:
Net investment income (loss)	$	81,563		$	(183,564	)
Net realized gain (loss) on:
Investments		(58,284	)		(61,076	)
Written options		(3,232,793	)		10,914,808
Net change in unrealized depreciation on:
Investments		(280,168	)		(23,708	)
Written options		(93,503	)		(80,822	)
Net increase (decrease) in net assets resulting from operations		(3,583,185	)		10,565,638
DISTRIBUTIONS TO SHAREHOLDERS:
Net dividends and distributions — Class I		(1,877,405	)		(766,886	)
Net dividends and distributions — Class M		(152,629	)		(49,359	)
Total distributions		(2,030,034	)		(816,245	)
CAPITAL SHARE TRANSACTIONS:
Proceeds from shares sold — Class I		2,179,972			8,282,595
Proceeds from shares sold — Class M		1,237,366			44,616
Proceeds from shares issued to holders in reinvestment of dividends — Class I		1,207,784			597,901
Proceeds from shares issued to holders in reinvestment of dividends — Class M		142,527			47,719
Cost of shares redeemed — Class I		(11,795,155	)		(31,777,600	)
Cost of shares redeemed — Class M		(1,260,449	)		(310,386	)
Net decrease in net assets from capital share transactions		(8,287,955	)		(23,115,155	)
Total decrease in net assets		(13,901,174	)		(13,365,762	)
NET ASSETS:
Beginning of year		43,485,359			56,851,121
End of year	$	29,584,185		$	43,485,359

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

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140

Consolidated Statement of Changes in Net Assets

	STONE RIDGE DIVERSIFIED ALTERNATIVES FUND
	YEAR ENDED OCTOBER 31, 2022			YEAR ENDED OCTOBER 31, 2021
OPERATIONS:
Net investment income	$	9,498,392		$	1,760,828
Net realized gain (loss) on:
Investments
Unaffiliated issuers		(15,093,239	)		(1,346,660	)
Affiliated issuers		(1,368,117	)		128,714
Foreign currencies		(392,250	)		(91,962	)
Forward currency contracts		(3,383,022	)		1,136,087
Futures contracts		(89,871,537	)		(32,203,575	)
Written options		116,601,555			47,463,857
Net change in unrealized appreciation (depreciation) on:
Investments
Unaffiliated issuers		(6,192,642	)		452,862
Affiliated issuers		(19,080,795	)		(1,683,006	)
Foreign currencies		(24,586	)		18,152
Forward currency contracts		(2,898,214	)		(401,608	)
Futures contracts		450,272			(3,970,401	)
Written options		(19,554	)		3,221,743
Swap contracts		1,305,171			—
Net increase (decrease) in net assets resulting from operations		(10,468,566	)		14,485,031
DISTRIBUTIONS TO SHAREHOLDERS:
Net dividends and distributions — Class I		(17,304,688	)		(825,586	)
Net dividends and distributions — Class J		(1,004,997	)		(299	)
Total distributions		(18,309,685	)		(825,885	)
CAPITAL SHARE TRANSACTIONS:
Proceeds from shares sold — Class I		318,463,934			125,150,782
Proceeds from shares sold — Class J		24,097,722			12,831,477
Proceeds from shares issued in connection with acquisition — Class I(1)		—			75,727,187
Proceeds from shares issued to holders in reinvestment of dividends — Class I		15,065,424			786,553
Proceeds from shares issued to holders in reinvestment of dividends — Class J		971,555			299
Cost of shares redeemed — Class I		(88,088,949	)		(33,758,935	)
Cost of shares redeemed — Class J		(4,687,421	)		(113,394	)
Net increase in net assets from capital share transactions		265,822,265			180,623,969
Total increase in net assets		237,044,014			194,283,115
NET ASSETS:
Beginning of year		214,549,153			20,266,038
End of year	$	451,593,167		$	214,549,153

(1) On February 5, 2021, the Diversified Alternatives Fund acquired the Stone Ridge All Asset Variance Risk Premium Fund. See Note 1.

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

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141

Statement of Cash Flows Year Ended October 31, 2022

	STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND
CASH FLOWS FROM OPERATING ACTIVITIES
Net decrease in net assets resulting from operations	$	(108,546,984	)
Adjustments to reconcile net decrease in net assets resulting from operations to net cash used in operating activities:
Net realized and unrealized loss on investments:		187,505,010
Amortization and accretion of premium and discount		(912,997	)
Changes in assets and liabilities:
Foreign currencies at broker		53,209
Interest receivable		(3,839,534	)
Other assets		(3,237	)
Payable to Custodian		11,200
Payable to Trustees		14,477
Payable for Chief Compliance Officer compensation		140
Accrued interest expense		70,943
Accrued distribution fees		(3,105	)
Other accrued expenses		144,123
Payable to Adviser		136,211
Purchases of investments		(739,018,889	)
Proceeds from sale of investments		400,536,773
Proceeds from cost adjustments		21,764,941
Net purchases and sales of short-term investments		(2,042,606	)
Net cash used in operating activities		(244,130,325	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from shares issued		751,066,581
Payment on shares redeemed		(484,981,045	)
Cash distributions to shareholders		(25,205,211	)
Proceeds from reverse repurchase agreements		171,041,751
Payments on reverse repurchase agreements		(161,041,751	)
Loan withdrawals		176,372,920
Loan paydowns		(183,122,920	)
Net cash provided by financing activities		244,130,325
Net increase in cash and restricted cash		—
Cash and restricted cash, beginning of year		—
Cash and restricted cash, end of year	$	—
Supplemental Disclosures of Cash Flow and Non-Cash Information:
Reinvested distributions	$	38,933,681
Cash paid for interest on loans outstanding and reverse repurchase agreements	$	(687,105	)

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

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142

Consolidated Statement of Cash Flows Year Ended October 31, 2022

	STONE RIDGE DIVERSIFIED ALTERNATIVES FUND
CASH FLOWS FROM OPERATING ACTIVITIES
Net decrease in net assets resulting from operations	$	(10,468,566	)
Adjustments to reconcile net decrease in net assets resulting from operations to net cash used in operating activities:
Net realized and unrealized loss on investments:		20,000,394
Amortization and accretion of premium and discount		(2,311,478	)
Changes in assets and liabilities:
Foreign currencies at broker		967,113
Foreign currencies at custodian		8,445
Collateral held at broker		(4,153,524	)
Interest receivable		(767,525	)
Other assets		(159,130	)
Payable to Custodian		(5,337	)
Payable to Trustees		11,991
Payable for Chief Compliance Officer compensation		(1,517	)
Accrued interest expense		18,000
Other accrued expenses		301,765
Payable to Adviser		177,887
Purchases of investments		(247,123,991	)
Proceeds from sale of investments		56,041,856
Proceeds from cost adjustments		3,065,827
Net purchases and sales of short-term investments		(63,536,617	)
Net cash used in operating activities		(247,934,407	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from shares issued		342,720,323
Payment on shares redeemed		(92,513,210	)
Cash distributions to shareholders		(2,272,706	)
Net cash provided by financing activities		247,934,407
Net decrease in cash and restricted cash		—
Cash and restricted cash, beginning of year		—
Cash and restricted cash, end of year	$	—
Supplemental Disclosures of Cash Flow and Non-Cash Information:
Reinvested distributions	$	16,036,979
Cash paid for interest on loans outstanding	$	(84,900	)

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements.

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143

Financial Highlights October 31, 2022

	PER SHARE DATA:
	Income (loss) from Investment Operations
	Net Asset Value, Beginning of Period		Net Investment Income(1)		Net Realized and Unrealized Gains (Losses)			Total from Investment Operations
STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND—CLASS I
Year Ended October 31, 2022	$	9.01		0.44		(0.99	)		(0.55	)
Year Ended October 31, 2021	$	9.28		0.43		(0.23	)		0.20
Year Ended October 31, 2020	$	9.30		0.45		0.06			0.51
Year Ended October 31, 2019	$	9.54		0.44		(0.19	)		0.25
Year Ended October 31, 2018	$	9.14		0.46		0.21			0.67
STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND—CLASS M
Year Ended October 31, 2022	$	9.01		0.43		(0.99	)		(0.56	)
Year Ended October 31, 2021	$	9.29		0.42		(0.25	)		0.17
Year Ended October 31, 2020	$	9.30		0.43		0.07			0.50
Year Ended October 31, 2019	$	9.53		0.42		(0.18	)		0.24
Year Ended October 31, 2018	$	9.13		0.45		0.20			0.65

(1) Net investment income per share has been calculated based on average shares outstanding during the period.    

(2) Total return represents the rate that an investor would have earned (or lost) on an investment in the Fund (assuming the reinvestment of all dividends and distributions).    

(3) Includes borrowing and investment-related expenses not covered by the Fund’s expense limitation agreement. See Note 4.    

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements.

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Financial Highlights October 31, 2022

													SUPPLEMENT DATA AND RATIOS:
Distributions to Shareholders
Net Investment Income			Net Realized Gains		Total Distributions			Net Asset Value, End of Period		Total Return(2)			Net Assets, End of Period (000’s)		Ratio of Expenses to Average Net Assets (Before Expense Reimbursement/ Recoupment)(3)			Ratio of Expenses to Average Net Assets (After Expense Reimbursement/ Recoupment)(3)			Ratio of Net Investment Income to Average Net Assets (Before Expense Reimbursement/ Recoupment)(3)			Ratio of Net Investment Income to Average Net Assets (After Expense Reimbursement/ Recoupment)(3)			Portfolio Turnover Rate
	(0.37	)		—		(0.37	)	$	8.09		(6.40	)%	$	1,420,941		1.74	%		1.72	%		4.97	%		4.99	%		25.70	%
	(0.47	)		—		(0.47	)	$	9.01		2.16	%	$	1,269,044		1.73	%		1.69	%		4.73	%		4.77	%		28.45	%
	(0.53	)		—		(0.53	)	$	9.28		5.73	%	$	886,011		1.73	%		1.68	%		4.87	%		4.92	%		50.26	%
	(0.49	)		—		(0.49	)	$	9.30		2.87	%	$	800,883		1.71	%		1.70	%		4.75	%		4.76	%		21.85	%
	(0.27	)		—		(0.27	)	$	9.54		7.41	%	$	815,827		1.73	%		1.68	%		4.87	%		4.92	%		27.71	%
	(0.36	)		—		(0.36	)	$	8.09		(6.49	)%	$	126,416		1.82	%		1.80	%		4.83	%		4.85	%		25.70	%
	(0.45	)		—		(0.45	)	$	9.01		1.90	%	$	148,332		1.88	%		1.84	%		4.57	%		4.61	%		28.45	%
	(0.51	)		—		(0.51	)	$	9.29		5.68	%	$	113,008		1.87	%		1.82	%		4.72	%		4.77	%		50.26	%
	(0.47	)		—		(0.47	)	$	9.30		2.78	%	$	116,551		1.86	%		1.85	%		4.61	%		4.62	%		21.85	%
	(0.25	)		—		(0.25	)	$	9.53		7.23	%	$	116,356		1.88	%		1.83	%		4.74	%		4.79	%		27.71	%

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

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145

Financial Highlights October 31, 2022

	PER SHARE DATA:
	Income (loss) from Investment Operations
	Net Asset Value, Beginning of Period		Net Investment Income (Loss)(1)			Net Realized and Unrealized Gains (Losses)			Total from Investment Operations
STONE RIDGE U.S. HEDGED EQUITY FUND—CLASS I
Year Ended October 31, 2022	$	13.01		0.03			(1.25	)		(1.22	)
Year Ended October 31, 2021	$	10.59		(0.05	)		2.66			2.61
Year Ended October 31, 2020	$	10.45		0.12			0.09			0.21
Year Ended October 31, 2019	$	9.82		0.08			0.64			0.72
Year Ended October 31, 2018	$	11.49		—			(0.18	)		(0.18	)
STONE RIDGE U.S. HEDGED EQUITY FUND—CLASS M
Year Ended October 31, 2022	$	12.85		0.02			(1.23	)		(1.21	)
Year Ended October 31, 2021	$	10.48		(0.07	)		2.64			2.57
Year Ended October 31, 2020	$	10.35		0.12			0.08			0.20
Year Ended October 31, 2019	$	9.72		0.06			0.64			0.70
Year Ended October 31, 2018	$	11.40		(0.02	)		(0.17	)		(0.19	)

(1) Net investment income (loss) per share has been calculated based on average shares outstanding during the period.    

(2) Total return represents the rate that an investor would have earned (or lost) on an investment in the Fund (assuming the reinvestment of all dividends and distributions).    

(3) Includes borrowing and investment-related expenses not covered by the Fund’s expense limitation agreement. See Note 4.    

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements.

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Financial Highlights October 31, 2022

																SUPPLEMENT DATA AND RATIOS:
Distributions to Shareholders
Net Investment Income			Net Realized Gains			Return of Capital		Total Distributions			Net Asset Value, End of Period		Total Return(2)			Net Assets, End of Period (000’s)		Ratio of Expenses to Average Net Assets (Before Expense Reimbursement/ Recoupment)(3)			Ratio of Expenses to Average Net Assets (After Expense Reimbursement/ Recoupment)(3)			Ratio of Net Investment Income (Loss) to Average Net Assets (Before Expense Reimbursement/ Recoupment)(3)			Ratio of Net Investment Income (Loss) to Average Net Assets (After Expense Reimbursement/ Recoupment)(3)			Portfolio Turnover Rate
	—			(0.64	)		—		(0.64	)	$	11.15		(9.83	)%	$	26,938		1.59	%		0.50	%		-0.84	%		0.24	%		0.00	%
	(0.19	)		—			—		(0.19	)	$	13.01		25.00	%	$	40,475		1.35	%		0.50	%		-1.24	%		-0.40	%		0.00	%
	(0.02	)		(0.05	)		—		(0.07	)	$	10.59		2.02	%	$	54,205		1.13	%		0.48	%		0.52	%		1.17	%		0.00	%
	(0.08	)		(0.01	)		—		(0.09	)	$	10.45		7.40	%	$	147,559		1.70	%		1.70	%		0.78	%		0.78	%		0.00	%
	—			(1.49	)		—		(1.49	)	$	9.82		(2.04	)%	$	192,725		1.58	%		1.60	%		(0.01	%)		(0.03	%)		0.00	%
	—			(0.64	)		—		(0.64	)	$	11.00		(9.87	)%	$	2,647		1.69	%		0.60	%		-0.91	%		0.17	%		0.00	%
	(0.20	)		—			—		(0.20	)	$	12.85		24.79	%	$	3,010		1.51	%		0.65	%		-1.41	%		-0.55	%		0.00	%
	(0.02	)		(0.05	)		—		(0.07	)	$	10.48		1.90	%	$	2,646		1.21	%		0.63	%		0.58	%		1.16	%		0.00	%
	(0.06	)		(0.01	)		—		(0.07	)	$	10.35		7.24	%	$	12,903		1.87	%		1.86	%		0.63	%		0.64	%		0.00	%
	—			(1.49	)		—		(1.49	)	$	9.72		(2.16	)%	$	21,534		1.73	%		1.75	%		-0.19	%		-0.21	%		0.00	%

The accompanying Notes to the Financial Statements are an integral part of these Financial Statements. (Continued)

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Financial Highlights October 31, 2022

	PER SHARE DATA:
	Income (loss) from Investment Operations
	Net  Asset Value, Beginning of Period		Net Investment Income(2)			Net Realized and Unrealized Gains			Total from Investment Operations
STONE RIDGE DIVERSIFIED ALTERNATIVES FUND—CLASS I
Year Ended October 31, 2022	$	11.19		0.25	(4)		(0.40	)(4)		(0.15	)(4)
Year Ended October 31, 2021	$	10.42		0.14	(4)		0.95	(4)		1.09	(4)
Period Ended October 31, 2020(1)	$	10.00		0.09	(4)		0.33	(4)		0.42	(4)
STONE RIDGE DIVERSIFIED ALTERNATIVES FUND—CLASS J
Year Ended October 31, 2022	$	11.15		0.22	(4)		(0.40	)(4)		(0.18	)(4)
Year Ended October 31, 2021	$	10.42		0.08	(4)		0.96	(4)		1.04	(4)
Period Ended October 31, 2020(1)	$	10.00		0.08	(4)		0.34	(4)		0.42	(4)

(1) The Fund commenced operations on May 1, 2020.

(2) Net investment income (loss) per share has been calculated based on average shares outstanding during the period.

(3) Total return represents the rate that an investor would have earned (or lost) on an investment in the Fund (assuming the reinvestment of all dividends and distributions).

(4) Per share amounts include income and expenses of the Stone Ridge Diversified Alternatives Fund, which are shown on the Fund’s Statement of Operations. Amounts do not include the Fund’s proportionate share of the income and expenses of the underlying investor funds.

(5) Not annualized.

(6) Annualized.

(7) Includes investment-related expenses not covered by the Fund’s expense limitation agreement. See Note 4.

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

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																SUPPLEMENT DATA AND RATIOS:
Distributions to Shareholders
Net Investment Income			Net Realized Gains			Return of Capital		Total Distributions			Net Asset Value, End of Period		Total Return(3)			Net Assets, End of Period (000’s)		Ratio of Expenses to Average Net Assets (Before Expense Reimbursement/ Recoupment)(7)			Ratio of Expenses to Average Net Assets (After Expense Reimbursement/ Recoupment)(7)			Ratio of Net Investment Income (Loss) to Average Net Assets (Before Expense Reimbursement/ Recoupment)(7)			Ratio of Net Investment Income (Loss) to Average Net Assets (After Expense Reimbursement/ Recoupment)(7)			Portfolio Turnover Rate
	(0.78	)		(0.15	)		—		(0.93	)	$	10.11		(1.51	)%	$	420,024		1.53	%		1.27	%		2.15	%		2.41	%		24.56	%
	(0.26	)		(0.06	)		—		(0.32	)	$	11.19		10.70	%	$	201,434		2.13	%		1.15	%		0.30	%		1.28	%		33.34	%
	—			—			—		—		$	10.42		4.20	%(5)	$	20,261		3.57	%(6)		1.04	%(6)		-0.80	%(6)		1.73	%(6)		28.54	%(5)
	(0.77	)		(0.15	)		—		(0.92	)	$	10.05		(1.80	)%	$	31,569		1.83	%		1.57	%		1.85	%		2.11	%		24.56	%
	(0.25	)		(0.06	)		—		(0.31	)	$	11.15		10.25	%	$	13,115		2.35	%		1.46	%		-0.19	%		0.70	%		33.34	%
	—			—			—		—		$	10.42		4.20	%(5)	$	5		3.64	%(6)		1.14	%(6)		-0.87	%(6)		1.63	%(6)		28.54	%(5)

The accompanying Notes to the Consolidated Financial Statements are an integral part of these Consolidated Financial Statements.

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1. Organization

Stone Ridge Trust (the “Trust”) was organized as a Delaware statutory trust on September 28, 2012 and is registered under the Investment Company Act of 1940, as amended (the “1940 Act”), as an open-end management investment company issuing shares in multiple series, each series representing a distinct portfolio with its own investment objectives and policies. As of October 31, 2022, the Stone Ridge High Yield Reinsurance Risk Premium Fund (the “High Yield Reinsurance Fund”), the Stone Ridge U.S. Hedged Equity Fund (the “U.S. Hedged Equity Fund”) and the Stone Ridge Diversified Alternatives Fund (the “Diversified Alternatives Fund”) were each series of the Trust. The High Yield Reinsurance Fund is non-diversified, while the U.S. Hedged Equity Fund and the Diversified Alternatives Fund are diversified. The High Yield Reinsurance Fund commenced operations on February 1, 2013. The U.S. Hedged Equity Fund commenced operations on May 1, 2013. The Diversified Alternatives Fund commenced operations on May 1, 2020. The High Yield Reinsurance Fund and the U.S. Hedged Equity Fund each offer two classes of shares to investors: Class I shares, with no front-end or back-end sales charges, and no 12b-1 fees; and Class M shares, with no front-end or back-end sales charges, and a 0.15% 12b-1 fee. The Diversified Alternatives Fund offers two classes of shares to investors: Class I shares and Class J shares, with no front-end or back-end sales charges, and no 12b-1 fees. The Funds do not charge redemption fees. There are an unlimited number of authorized shares.

On February 5, 2021, the Diversified Alternatives Fund acquired all of the assets, and assumed all of the liabilities, of the Stone Ridge All Asset Variance Risk Premium Fund (the “All Asset VRP Fund”) pursuant to a Plan of Reorganization approved by the Board of Trustees (the “Board”). Shareholders of the All Asset VRP Fund received Class I shares of the Diversified Alternatives Fund in exchange for their shares of the All Asset VRP Fund. The acquisition was accomplished by a tax-free exchange of 7,277,511 shares of the Diversified Alternatives Fund (valued at $75,727,187) for all 10,496,873 Class I shares of the All Asset VRP Fund.

The investment objective of the High Yield Reinsurance Fund is to seek a high level of total return consisting of income and preservation of capital. The High Yield Reinsurance Fund pursues its investment objective by investing primarily in reinsurance-related securities, including event-linked bonds, preference shares or participation notes issued in connection with quota shares (“Quota Share Notes”), and, to a lesser extent, preference shares or participation notes issued in connection with industry loss warranties (“ILW Notes”), event-linked swaps, equity securities (publicly or privately offered) or the derivatives of equity securities of companies in the reinsurance and insurance industry (collectively, “reinsurance-related securities”). The investment objective of the U.S. Hedged Equity Fund is to seek capital appreciation. The U.S. Hedged Equity Fund typically pursues its investment objective by writing (selling) call and put options related to U.S. securities. The investment objective of the Diversified Alternatives Fund is to seek total return. The Diversified Alternatives Fund pursues its investment objective by generating income from diverse investment strategies that have potential for attractive returns such as reinsurance, market risk transfer, style premium investing, alternative lending, single family real estate and bitcoin.

The consolidated financial statements include the account of Stone Ridge Diversified Alternatives Sub Fund Ltd (the “Subsidiary”), which is a wholly-owned and controlled subsidiary of the Diversified Alternatives Fund. Reference made within this report to schedules of investments, statements of operations or statements of assets and liabilities refer to Consolidated Schedules of Investments, Consolidated Statement of Operations or Consolidated Statement of Assets and Liabilities for the Diversified Alternatives Fund. All intercompany accounts and transactions have been eliminated in consolidation. The Subsidiary gains exposure to the commodities markets by investing in commodity-linked derivatives such as commodity-linked futures, options and swaps. As of October 31, 2022, the Subsidiary’s net assets were $69,657,391, which represented 15.4% of the Diversified Alternatives Fund’s consolidated net assets.

2. Summary of Significant Accounting Policies

The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of their financial statements. The financial statements have been prepared in conformity with generally accepted accounting principles in the United States of America (“GAAP”). The Funds are investment companies and apply specific accounting and financial reporting requirements under Financial Accounting Standards Board (“FASB”) Accounting Standards Topic 946, Financial Services – Investment Companies.

(a) Investment Valuation and Fair Value Measurement. The Board has approved procedures pursuant to which each Fund values its investments (the “Valuation Procedures”). The Board has established a Valuation Committee (the “Board

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Valuation Committee”), which has designated Stone Ridge Asset Management LLC (the “Adviser”) to serve as “valuation designee” in accordance with rule 2a-5 of the 1940 Act and, in that capacity, to bear responsibility for implementing the Valuation Procedures, including performing fair valuation determinations relating to all investments held by the Fund (as needed), subject to the oversight of the Board Valuation Committee and certain reporting and other requirements as described in the Valuation Procedures. A committee consisting of personnel of the Adviser (the “Adviser Valuation Committee”) performs certain functions in implementing the Valuation Procedures, including with respect to the performance of fair valuation determinations.

Listed below is a summary of certain of the methods generally used currently to value investments of each Fund under the Valuation Procedures:

With respect to pricing of insurance-linked securities for which at least one designated independent broker provides a price, that price (or, if multiple designated independent brokers provide a price, the average of such prices) will be used to value the security. The Funds typically utilize an independent data delivery vendor to obtain the prices, average them and communicate the resulting value to the Administrator. If no designated independent broker provides a price for the security in question, the Adviser Valuation Committee will generally utilize prices provided by one or more other brokers that the Adviser has approved to value the security. For certain securities, an administrator or third-party manager may regularly provide net asset values that may be used to determine the price at which an investor can subscribe for or redeem an investment in that security, subject to any relevant restrictions on the timing of such subscriptions or redemptions. The Adviser Valuation Committee will generally rely upon such valuations, with any necessary adjustment to reflect relevant corporate actions (e.g., dividends paid but not yet reflected in the reported net asset value).

Other insurance-linked securities are valued using an insurance industry loss model pursuant to procedures approved by the Board of Trustees.

The Diversified Alternatives Fund’s holdings in whole loans, securitizations and certain other types of alternative lending-related securities, and the Fund’s holdings in mortgage loans, mezzanine loans and certain other types of single-family real estate debt investments, are typically fair valued based on prices provided by a third-party pricing service. Each loan and fractional loan is fair valued using inputs that take into account individual borrower-level data (e.g., payment history) that is updated periodically to reflect new information regarding the borrower or loan.

Non-prime money market funds and cash sweep programs are generally valued at amortized cost which approximates fair value.

Other debt securities, including corporate and government debt securities (of U.S. or foreign issuers) and municipal debt securities, loans, mortgage-backed securities, collateralized mortgage obligations and other asset-backed securities (except event-linked bonds) are valued by an independent pricing service at an evaluated (or estimated) mean between the closing bid and asked prices.

Reverse repurchase agreements are accounted for at amortized cost, which approximates fair value.

For investments in investment companies that are registered under the 1940 Act, the value of the shares of such funds is calculated based upon the net asset value (“NAV”) per share of such funds. The prospectuses for such funds explain the circumstances under which they will use fair value pricing and its effects.

The Diversified Alternatives Fund’s holdings in private funds are fair valued based on valuations of the Fund’s interests in such private funds provided by the managers of such private funds or their agents. Valuations will be provided to the Fund on a monthly or quarterly basis based on the interim unaudited financial statements of such private funds, and, therefore, will be estimates subject to adjustment (upward or downward) upon the completion of the audit of such financial statements and may fluctuate as a result. The Fund will perform an independent review of such valuations and will consider all relevant information, including the reliability of the pricing information provided by the managers of the private funds. The Fund may conclude, in certain circumstances, that the valuation provided by the manager of a private fund is not indicative of what actual fair value would be in an active, liquid or established market. In those circumstances, the Fund may value its interests in the private fund at a discount or a premium to the valuation it receives from the

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private fund. Additionally, between the monthly or quarterly dates on which such private fund provides a net asset value, the valuation of the Fund’s interest in such private fund may be adjusted more frequently based on the estimated total return that such private fund will generate during such period and other general market or private fund -specific changes the Adviser is aware of. At the end of the month or quarter, as applicable, each private fund’s net asset value is adjusted based on the actual income and appreciation or depreciation realized by such private fund when the monthly or quarterly valuations and income are reported.

Equity securities (other than insurance-linked securities that are valued pursuant to the valuation methods described above) are valued at the last sale, official close or if there are no reported sales at the mean between the bid and asked price on the primary exchange on which they are traded. The values of the Funds’ investments in publicly-traded foreign equity securities generally will be the closing or final trading prices in the local trading markets but may be adjusted based on values determined by a pricing service using pricing models designed to estimate changes in the values of those securities between the times in which the trading in those securities is substantially completed and the close of the New York Stock Exchange (“NYSE”).

Exchange-traded derivatives, such as options and futures contracts, are valued at the settlement price on the exchange or mean of the bid and asked prices.

Non-exchange traded derivatives, including over-the-counter (“OTC”) options, are generally valued on the basis of valuations provided by a pricing service or using quotes provided by a broker/dealer (typically the counterparty).

Generally, each Fund must value its assets using market quotations when they are readily available. If, with respect to any portfolio instrument, market quotations are not readily available or available market quotations are deemed to be unreliable by the Adviser Valuation Committee, then such instruments will be valued as determined in good faith by the Adviser Valuation Committee. In these circumstances, the Funds determines fair value in a manner that seeks to reflect the market value of the security on the valuation date based on consideration by the Adviser Valuation Committee of any information or factors it deems appropriate.

Fair value pricing may require subjective determinations about the value of a portfolio instrument. Fair values may differ from quoted or published prices, or from prices that are used by others, for the same investments. Also, the use of fair value pricing may not always result in adjustments to the prices of securities or other assets or liabilities held by a Fund. It is possible that the fair value determined for a security may be materially different than the value that could be realized upon the sale of such security. Thus, fair valuation may have an unintended dilutive or accretive effect on the value of shareholders’ investments in a Fund.

A substantial portion of the Funds’ investments are U.S. dollar denominated investments. Investments initially valued in currencies other than the U.S. dollar are converted to U.S. dollars using exchange rates obtained from pricing services. As a result, the NAV of a Fund’s shares may be affected by changes in the value of currencies in relation to the U.S. dollar. International markets are sometimes open on days when U.S. markets are closed, which means that the value of foreign securities owned by a Fund could change on days when Fund shares cannot be bought or sold. The value of investments traded in markets outside the U.S. or denominated in currencies other than the U.S. dollar may be affected significantly on a day that the NYSE is closed, and the NAV of a Fund’s shares may change on days when an investor is not able to purchase, redeem or exchange shares. The calculation of a Fund’s NAV may not take place contemporaneously with the determination of the prices of foreign securities used in NAV calculations.

The Funds adhere to authoritative fair valuation accounting standards that set out a hierarchy for measuring fair valuation inputs. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value and a discussion of changes in valuation techniques and related inputs during the period. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to significant unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows:

Level 1 Inputs: quoted prices (unadjusted) in active markets for identical assets or liabilities that the Fund can access at the measurement date;

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Level 2 Inputs: inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly including inputs in markets that are not considered to be active or in active markets for similar assets or liabilities, observable inputs other than quoted prices and inputs that are not directly observable but are corroborated by observable market data;

Level 3 Inputs: significant unobservable inputs for the asset or liability.

Inputs are used in applying the various valuation techniques and broadly refer to the assumptions that market participants use to make valuation decisions, including assumptions about risk. A financial instrument’s level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. However, the determination of what constitutes “observable” requires significant judgment by the Adviser. The Adviser considers observable data to be that market data which is readily available, regularly distributed or updated, reliable and verifiable, not proprietary, and provided by independent sources that are actively involved in the relevant market. The categorization of a financial instrument within the hierarchy is based upon the pricing transparency of the instrument and does not necessarily correspond to the Adviser’s perceived risk of that instrument.

There were transfers between Level 2 and Level 3 during the reporting period. The transfers from Level 2 to Level 3 occurred because there was no longer observable market data for these securities of October 31, 2022. The following table summarizes the inputs used to value the Funds’ investments as of October 31, 2022:

DESCRIPTION	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
High Yield Reinsurance Fund
Assets
Event-Linked Bonds
Europe	$	—	$	4,191,677	$	—	$	4,191,677
Global		—		206,207,744		3,163,650		209,371,394
Jamaica		—		15,765,600		—		15,765,600
Japan		—		64,227,061		—		64,227,061
Mexico		—		17,451,229		—		17,451,229
United States(2)		—		1,002,935,750		13,155,197		1,016,090,947
Total Event-Linked Bonds		—		1,310,779,061		16,318,847		1,327,097,908
Quota Shares and Other Reinsurance-Related Securities
Participation Notes(1)(2)		—		—		84,417,927		84,417,927
Preference Shares(1)		—		—		154,269,560		154,269,560
Total Quota Shares and Other Reinsurance-Related Securities		—		—		238,687,487		238,687,487
Money Market Funds		2,233,261		—		—		2,233,261
Total Assets	$	2,233,261	$	1,310,779,061	$	255,006,334	$	1,568,018,656
U.S. Hedged Equity Fund(3)
Assets
Purchased Options	$	510	$	250	$	—	$	760
Money Market Funds		200,230		—		—		200,230
U.S. Treasury Bills		—		29,866,529		—		29,866,529
Total Assets	$	200,740	$	29,866,779	$	—	$	30,067,519
Liabilities
Written Options	$	243,740	$	172,860	$	—	$	416,600
Total Liabilities	$	243,740	$	172,860	$	—	$	416,600
Diversified Alternatives Fund
Assets
Asset-Backed Securities	$	—	$	—	$	35,736,155	$	35,736,155
Investment Companies—Open End		198,153,111		—		—		198,153,111
Purchased Options		111,450		—		—		111,450

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DESCRIPTION	LEVEL 1			LEVEL 2			LEVEL 3		TOTAL
Money Market Funds		28,210,382			—			—		28,210,382
U.S. Treasury Bills		—			142,882,727			—		142,882,727
Whole Loans
Consumer Loans(1)		—			—			50,050,633		50,050,633
Student Loans(1)		—			—			99,046		99,046
Total Whole Loans		—			—			50,149,679		50,149,679
Total Assets	$	226,474,943		$	142,882,727		$	85,885,834	$	455,243,504
Liabilities
Written Options	$	17,658,668		$	335,932		$	—	$	17,994,600
Total Liabilities	$	17,658,668		$	335,932		$	—	$	17,994,600
Other Financial Instruments*
Unrealized appreciation on forward currency contracts	$	—		$	1,774,356		$	—	$	1,774,356
Unrealized depreciation on forward currency contracts		—			(5,117,073	)		—		(5,117,073	)
Unrealized appreciation on futures contracts		4,877,018			—			—		4,877,018
Unrealized depreciation on futures contracts		(5,975,096	)		—			—		(5,975,096	)
Unrealized appreciation on swap contracts		—			1,305,171			—		1,305,171
Total	$	(1,098,078	)	$	(2,037,546	)	$	—	$	(3,135,624	)

(1) For further security characteristics, see the Funds’ Schedules of Investments.

(2) Includes Level 3 investment with a value of zero.

(3) The Fund measures Level 3 activity as of the beginning and end of each financial reporting period. For the year ended October 31, 2022, the Fund did not have significant unobservable inputs (Level 3 securities) used in determining fair value. Therefore, the reconciliation of assets and liabilities in which significant unobservable inputs (Level 3 securities) was used in determining fair value is not applicable.

* Other financial instruments are derivatives, such as futures and forward currency contracts. These instruments are reflected at the unrealized appreciation (depreciation) on the instrument.

Below is a reconciliation that details the activity of securities in Level 3 during the year ended October 31, 2022:

	HIGH YIELD REINSURANCE FUND									DIVERSIFIED ALTERNATIVES FUND
	EVENT- LINKED BONDS			PARTICIPATION NOTES			PREFERENCE SHARES			ASSET- BACKED SECURITIES				WHOLE LOAN- CONSUMER LOANS			WHOLE LOAN- STUDENT LOANS
Beginning Balance—November 1, 2021	$	6,069,513		$	83,949,955		$	125,333,720		$	12,053,281			$	—		$	—
Acquisitions		7,000,000			82,395,688			60,082,000			29,612,818				59,511,535			101,912
Dispositions		(5,506,798	)		(74,091,231	)		—			—				(7,394,625	)		(2,481	)
Realized gain (loss)		(2,682,831	)		996,182			—			—				(25,721	)		39
Return of capital		—			(59,030	)		(21,705,912	)		(3,065,827	)			—			—
Change in unrealized appreciation (depreciation)		1,262,636			(8,773,637	)		(9,440,248	)		(2,864,117	)			(2,040,556	)		(424	)
Net transfers in/(out) of Level 3		10,176,327			—			—			—		��		—			—
Ending Balance—October 31, 2022	$	16,318,847		$	84,417,927		$	154,269,560		$	35,736,155			$	50,050,633		$	99,046

As of October 31, 2022, the change in unrealized appreciation (depreciation) on Level 3 positions still held in the High Yield Reinsurance Fund was $(11,226,108) for Event-Linked Bonds, $(7,760,046) for Participation Notes, and $(9,440,248) for Preference Shares. As of October 31, 2022, the change in unrealized appreciation (depreciation) on positions still held in the Diversified Alternatives Fund was $(2,864,117) for Asset-Backed Securities, $(2,040,556) for Whole Loan-Consumer Loans and $(424) for Whole Loan-Student Loans.

Unobservable inputs for participation notes and preference shares included losses from severe weather events, other natural and non-natural catastrophes and insurance and reinsurance premiums. Significant decreases in premiums or

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increases in losses related to severe weather or other natural and non-natural catastrophes in isolation would result in a significantly lower fair value measurement. Participation notes and preference shares are monitored daily for significant events that could affect the value of the instruments. The value of asset-backed securities is determined by the forecast performance of alternative lending loans and single-family rental homes in each security’s respective underlying asset pool and the priority the security has with respect to the cash flows of such assets. Because the securities have exposure to the underlying loans and homes, any deterioration of the assets may result in a markdown of fair values.

Whole Loans are valued using a discounted cash flow framework that takes into account the original purchase price, the scheduled loan payments, and forecast losses. The loss forecasts are based on industry and platform historical loan performance, as well as evaluation of the current underwriting environment. Higher expectations of losses, due to factors such as rising delinquencies on a platform’s loans or a deteriorating macroeconomic environment, would result in a markdown of fair values.

The following table summarizes the quantitative inputs used for investments categorized as Level 3 of the fair value hierarchy as of October 31, 2022.

High Yield Reinsurance Fund

TYPE OF SECURITY	INDUSTRY	FAIR VALUE AT 10/31/22		VALUATION TECHNIQUES	UNOBSERVABLE INPUTS	RANGE	WEIGHTED AVERAGE(1)
Participation Notes	Financial Services	$	56,786,175	Insurance industry loss model	Estimated losses: Estimated premium earned:	$0.0MM-$12.5MM $0.3MM-$7.8MM	$9.5MM $6.0MM
Preference Shares	Financial Services	$	139,207,152	Insurance industry loss model	Estimated losses: Estimated premium earned:	$0.1MM-$37.1MM $0.0MM-$31.8MM	$11.5MM $14.1MM

(1) Weighed by relative fair value.

The Level 3 securities listed above were fair valued by the Adviser Valuation Committee. Other Level 3 securities not listed above were priced using indicative bids and have a value equal to $16,318,847 for Event-Linked Bonds, $27,631,752 for Participation Notes and $15,062,408 for Preference Shares.

Diversified Alternatives Fund

TYPE OF SECURITY	INDUSTRY	FAIR VALUE AT 10/31/2022		VALUATION TECHNIQUES	UNOBSERVABLE INPUTS	RANGE	WEIGHTED AVERAGE
Asset-Backed Securities	Financial Services	$	35,736,155	Discounted Cash Flow	Constant Prepayment Rate Constant Default Rate Severity Discount Rate	0.00%-26.19% 0.00%-31.88% 82.14%-100.00% 7.56%-17.00%	8.72% 7.55% 92.29% 10.37%
Whole Loans—Consumer Loans	Financial Services	$	50,050,633	Discounted Cash Flow	Loss-Adjusted Discounted Rate Projected Loss Rate	10.45%-12.11% 16.45%-18.00%	11.06% 17.01%
Whole Loans—Student Loans	Financial Services	$	99,046	Discounted Cash Flow	Loss-Adjusted Discounted Rate Projected Loss Rate	6.74%-14.63% 4.21%-29.77%	10.64% 15.68%

Derivative Transactions — The Funds engaged in derivatives for hedging and speculative purposes during the year ended October 31, 2022. The U.S. Hedged Equity Fund and the Diversified Alternatives Fund also engaged in derivatives to generate income from premiums. The use of derivatives included options, forwards, swaps and futures.

Futures Contracts — The Funds may purchase and sell futures contracts. The Diversified Alternatives Fund held futures contracts during the year ended October 31, 2022. The High Yield Reinsurance Fund and Diversified Alternatives Fund use futures contracts to hedge interest rate and foreign exchange rate exposure. The U.S. Hedged Equity Fund uses futures contracts to maintain appropriate equity market exposure. With futures, there is minimal counterparty credit risk to the Funds

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since futures are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded futures, guarantees the futures against default. Upon entering into a contract, the Funds deposit and maintain as collateral, an initial margin as required by the exchange on which the transaction is effected. Pursuant to the contract the Funds agree to receive from or pay to the broker, an amount of cash equal to the daily fluctuation in value of the contract. Such receipts or payments are known as variation margin and are recorded by the Funds as unrealized gains and losses. Variation margin is settled daily. When the contract is closed, the Funds record a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed.

The average notional amount of futures contracts during the year ended October 31, 2022, was as follows:

	DIVERSIFIED ALTERNATIVES FUND
Total long futures contracts	$	156,469,943
Total short futures contracts		227,724,034

Options — The Funds may purchase and write call or put options on securities and indices and enter into related closing transactions. The Funds write put and call options to earn premium income. The U.S. Hedged Equity Fund and Diversified Alternatives Fund wrote call or put options during the year ended October 31, 2022. With exchange-traded options, there is minimal counterparty credit risk to the Funds since options are exchange-traded and the exchange’s clearinghouse, as counterparty to all exchange-traded options, guarantees the options against default. OTC options are customized agreements between the parties. With OTC options, there is no clearinghouse guarantee against default, thus OTC options are subject to the risk that the counterparty will not fulfill its obligations under the contract. As the writer of a call option, the Funds have the obligation to sell the security at the exercise price during or at the expiration of the exercise period. As a writer of a put option, the Funds have the obligation to buy the underlying security at the exercise price during or at the expiration of the exercise period. The premium that the Fund pays when purchasing a call option or receives when writing a call option will reflect, among other things, the market price of the security, the relationship of the exercise price to the market price of the security, the relationship of the exercise price to the volatility of the security, the length of the option period and supply and demand factors. The premium is the market value of the option.

A purchaser (holder) of a put option pays a non-refundable premium to the seller (writer) of a put option to obtain the right to sell a specified amount of a security at a fixed price (the exercise price) during a specified period (the exercise period). Conversely, the seller (writer) of a put option, upon payment by the holder of the premium, has the obligation to buy the security from the holder of the put option at the exercise price during or at the expiration of the exercise period. When an option is exercised, the premium originally received decreases the cost basis of the underlying security (or increases the proceeds on the security sold short) and the Funds realize a gain or loss from the sale of the security (or closing of the short sale).

Options on indices are similar to options on securities, except that upon exercise index options require cash payments and do not involve the actual purchase or sale of securities.

The average market values of purchased and written options for the year ended October 31, 2022, were as follows:

	U.S. HEDGED EQUITY FUND			DIVERSIFIED ALTERNATIVES FUND
Purchased Options	$	736		$	2,618,938
Written Options		(20,537	)		14,405,151

Swaps — The Diversified Alternatives Fund enters into total return swaps. In a swap transaction, two parties generally agree to exchange the returns (or differentials in rates of return) earned or realized on a particular predetermined reference instrument or instruments, which can be adjusted for an interest rate factor. The gross returns to be exchanged or “swapped” between the parties are generally calculated with respect to a “notional amount” (i.e., the return on or increase in value of a particular dollar amount invested in a particular security or other asset or in a “basket” of securities representing a particular index). Other types of swap agreements may calculate the obligations of the parties to the

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agreement on a “net basis.” Consequently, a party’s current obligations (or rights) under a swap agreement will generally be equal only to the net amount to be paid or received under the agreement based on the relative values of the positions held by each party to the agreement (the “net amount”). The Diversified Alternatives Fund uses swaps for both speculative and hedging purposes.

The notional amount of total return swaps held during the year ended October 31, 2022, was $1,342,092 for long contracts and $0 for short contracts.

Forward Currency Contracts — The Diversified Alternatives Fund enters into forward currency contracts. When entering into a forward currency contract, in the case of a deliverable contract the Fund agrees to receive or deliver a fixed quantity of foreign currency for an agreed-upon price on an agreed future date or in the case of a non-deliverable contract to settle the equivalent in U.S. dollar. The Fund’s net equity therein, representing unrealized gain or loss on the contracts as measured by the difference between the forward foreign exchange rates at the dates of entry into the contracts and the forward rates at the reporting date. These instruments may involve market risk from movements in currencies or credit risk from the possible inability of counterparties to meet the terms of their contracts. The average notional amount of forward currency contracts during the year ended October 31, 2022 was $134,390,500 for long contracts and $160,144,094 for short contracts.

The tables below reflect the values of derivative assets and liabilities as reflected in the Statement of Assets and Liabilities.

		ASSET DERIVATIVES
	STATEMENT OF ASSETS AND LIABILITIES LOCATION	FAIR VALUE
U.S. Hedged Equity Fund Options
Equity contracts	Investments, at fair value	$	760
Diversified Alternatives Fund
Forwards
Foreign exchange contracts	Unrealized appreciation on forward currency contracts		1,774,356
Futures
Commodity contracts	Net assets—Unrealized appreciation*		3,085,532
Equity contracts	Net assets—Unrealized appreciation*		1,791,486
Options
Commodity contracts	Investments, at fair value		76,250
Equity contracts	Investments, at fair value		35,200
Swap Contracts
Foreign exchange contracts	Unrealized appreciation on swap contracts		1,305,171

* Reflects cumulative unrealized appreciation of futures contracts as reported in the Schedule of Investments.

		LIABILITY DERIVATIVES
	STATEMENT OF ASSETS AND LIABILITIES LOCATION	FAIR VALUE
U.S. Hedged Equity Fund Written options
Equity contracts	Written options, at fair value	$	416,600
Diversified Alternatives Fund
Forwards
Foreign exchange contracts	Unrealized depreciation on forward currency contracts		5,117,073
Futures
Commodity contracts	Net assets—Unrealized depreciation*		3,608,294
Equity contracts	Net assets—Unrealized depreciation*		1,901,045
Foreign exchange contracts	Net assets—Unrealized depreciation*		465,757
Written options
Commodity contracts	Written options, at fair value		15,212,389
Equity contracts	Written options, at fair value		240,809
Foreign exchange contracts	Written options, at fair value		2,541,402

* Reflects cumulative unrealized depreciation of futures contracts as reported in the Schedule of Investments.

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The tables below reflect the effect of derivative instruments on the Statement of Operations for the period ended October 31, 2022.

AMOUNT OF REALIZED GAIN (LOSS) ON DERIVATIVES TRANSACTIONS
	FORWARD CURRENCY CONTRACTS			FUTURES CONTRACTS			PURCHASED OPTIONS			WRITTEN OPTIONS			TOTAL
U.S. Hedged Equity Fund
Equity contracts	$	—		$	—		$	(55,023	)	$	(3,232,793	)	$	(3,287,816	)
Diversified Alternatives Fund
Commodity contracts		—			(61,079,186	)		(8,592,663	)		76,268,629			6,596,780
Equity contracts		—			2,891,160			1,097,267			12,779,137			16,767,564
Foreign exchange contracts		(3,383,022	)		(31,683,511	)		4,522,569			27,553,789			(2,990,175	)

CHANGE IN UNREALIZED APPRECIATION OR (DEPRECIATION) ON DERIVATIVES TRANSACTIONS
	FORWARD CURRENCY CONTRACTS			FUTURES CONTRACTS			PURCHASED OPTIONS			WRITTEN OPTIONS			SWAP CONTRACTS		TOTAL
U.S. Hedged Equity Fund
Equity contracts	$	—		$	—		$	(497	)	$	(93,503	)	$	—	$	(94,000	)
Diversified Alternatives Fund
Commodity contracts		—			1,422,181			(68,884	)		(2,654,600	)		—		(1,301,303	)
Equity contracts		—			(373,206	)		(47,965	)		521,542			—		100,371
Foreign exchange contracts		(2,898,214	)		(598,703	)		74,235			2,113,504			1,305,171		(4,007	)

A reverse repurchase agreement is the sale by a Fund of a security to a party for a specified price, with the simultaneous agreement by the Fund to repurchase that security from that party on a future date at a higher price. Reverse repurchase agreements involve the risk that the counterparty will become subject to bankruptcy or other insolvency proceedings or fail to return a security to a Fund. In such situations, a Fund may incur losses as a result of a possible decline in the value of the underlying security during the period while a Fund seeks to enforce its rights, a possible lack of access to income on the underlying security during this period, or expenses of enforcing its rights. The Diversified Alternatives Fund and the U.S. Hedged Equity Fund have elected to treat reverse repurchase agreements and similar financing transactions as derivatives for purposes of Rule 18f-4 under the 1940 Act.

(b) Offsetting on the Statement of Assets and Liabilities. Accounting Standards Update No. 2011-11 “Disclosures about Offsetting Assets and Liabilities” (“ASU 2011-11”) intended to help investors and other financial statement users better assess the effect or potential effect of offsetting arrangements on a fund’s financial position. ASU 2011-11 requires entities to disclose both gross and net information about both instruments and transactions eligible for offset on the Statement of Assets and Liabilities, and disclose instruments and transactions subject to master netting or similar agreements. In addition, in January 2013, the FASB issued Accounting Standards Update No. 2013-1 “Clarifying the Scope of Offsetting Assets and Liabilities” specifying exactly which transactions are subject to offsetting disclosures. The scope of the disclosure requirement is limited to derivative instruments, repurchase agreements and reverse repurchase agreements, and securities lending transactions. The International Swap and Derivative Association agreements specify collateral posting arrangements. Under the agreements, collateral is routinely transferred if the total net exposure to certain transactions (net of existing collateral already in place) governed under an agreement with a counterparty in a given account exceeds a specified threshold.

The Diversified Alternatives Fund is subject to a netting arrangements, which govern the terms of certain transactions with select counterparties. The netting arrangements allow the Diversified Alternatives Fund to close out and net its total exposure to a counterparty in the event of a default with respect to all the transactions governed under a single agreement with a counterparty. The netting arrangements also specify collateral posting arrangements at prearranged exposure levels.

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High Yield Reinsurance Fund

	GROSS AMOUNT OF RECOGNIZED LIABILITIES		GROSS AMOUNT OFFSET IN THE CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES		NET AMOUNTS PRESENTED IN THE CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES		GROSS AMOUNTS NOT OFFSET IN THE CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES
LIABILITIES:							FINANCIAL INSTRUMENTS		COLLATERAL PLEDGED			NET AMOUNT
Reverse Repurchase Agreements	$	15,000,000	$	—	$	15,000,000	$	—	$	(15,000,000	)	$	—
	$	15,000,000	$	—	$	15,000,000	$	—	$	(15,000,000	)	$	—

Diversified Alternatives Fund

	GROSS AMOUNT OF RECOGNIZED ASSETS		GROSS AMOUNT OFFSET IN THE CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES		NET AMOUNTS PRESENTED IN THE CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES		GROSS AMOUNTS NOT OFFSET IN THE CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES
ASSETS:							FINANCIAL INSTRUMENTS			COLLATERAL PLEDGED			NET AMOUNT
Forward Currency Contracts	$	1,774,356	$	—	$	1,774,356	$	(1,774,356	)	$	—		$	—
Purchased Options		111,450		—		111,450		(111,450	)		—			—
Swap Contracts		1,305,171		—		1,305,171		(1,305,171	)		—			—
	$	3,190,977	$	—	$	3,190,977	$	(3,190,977	)	$	—		$	—
LIABILITIES:							FINANCIAL INSTRUMENTS			COLLATERAL PLEDGED			NET AMOUNT
Forward Currency Contracts	$	5,117,073	$	—	$	5,117,073	$	(1,774,356	)	$	(3,342,717	)	$	—
	$	5,117,073	$	—	$	5,117,073	$	(1,774,356	)	$	(3,342,717	)	$	—

(c) Use of Estimates. The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

(d) Indemnifications. In the normal course of business, the Funds enter into contracts that contain a variety of representations which provide general indemnifications. The Funds’ maximum exposure under these arrangements cannot be known; however, the Funds expect any risk of loss to be remote.

(e) Federal Income Taxes. The Funds qualify and intend to continue to qualify as “regulated investment companies” (“RICs”) under Subchapter M of the Internal Revenue Code of 1986, as amended. As RICs, the Funds will not be subject to federal income tax to the extent they distribute substantially all of their net investment income and capital gains to shareholders. Therefore, no federal income tax provision is required.

(f) Reverse Repurchase Agreements. The Funds intend to enter into reverse repurchase agreements with banks and brokers, with the Funds as the initial seller of securities to the banks or brokers. In this case, a reverse repurchase agreement involves a sale by a fund of portfolio securities concurrently with an agreement by a fund to repurchase the same securities at a later date at a fixed price. During the reverse repurchase agreement period, an individual fund continues to receive principal and interest payments on the securities.

If the buyer in a reverse repurchase agreement files for bankruptcy or becomes insolvent, a fund’s use of proceeds from the sale of its securities may be restricted while the other party or its trustee or receiver determines whether to honor the fund’s right to repurchase the securities. Furthermore, in that situation a fund may be unable to recover the securities it sold in connection with a reverse repurchase agreement and as a result would realize a loss equal to the difference

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between the value of the securities and the payment it received for them. This loss would be greater to the extent the buyer paid less than the value of the securities the fund sold to it (e.g., a buyer may only be willing to pay $95 for a security with a market value of $100). A fund’s use of reverse repurchase agreements also subjects the fund to interest costs based on the difference between the sale and repurchase price of a security involved in such a transaction. Additionally, reverse repurchase agreements entail the same risks as OTC derivatives. These include the risk that the counterparty to the reverse repurchase agreement may not be able to fulfill its obligations, that the parties may disagree as to the meaning or application of contractual terms, or that the instrument may not perform as expected. Reverse repurchase agreements and dollar rolls are not considered borrowings by the Diversified Alternatives Fund or the U.S. Hedged Equity Fund for purposes of each Fund’s fundamental investment restriction on borrowings because each Fund has elected to treat reverse repurchase agreements and similar financing transactions as derivatives for purposes of Rule 18f-4 under the 1940 Act.

The gross obligations for secured borrowing by the type of collateral pledged and remaining time to maturity is as follows:

High Yield Reinsurance Fund

REVERSE REPURCHASE AGREEMENTS	OVERNIGHT AND CONTINUOUS		UP TO 30 DAYS		30-90 DAYS		GREATER THAN 90 DAYS		TOTAL
Event Linked Bonds	$	—	$	15,000,000	$	—	$	—	$	15,000,000
Total	$	—	$	15,000,000	$	—	$	—	$	15,000,000

(g) Event-Linked Bonds. Event-linked bonds are variable rate debt securities for which the return of principal and payment of interest are contingent on the non-occurrence of a specified trigger event(s) that leads to economic and/or human loss, such as an earthquake of a particular magnitude or a hurricane of a specific category. The most common type of event-linked bonds is known as “catastrophe” or “CAT” bonds. In most cases, the trigger event(s) will not be deemed to have occurred unless the event(s) happened in a particular geographic area and was of a certain magnitude (based on independent scientific readings) and/or caused a certain amount of actual or modeled loss. If the trigger event(s) occurs prior to a bond’s maturity, the High Yield Reinsurance Fund or the Diversified Alternatives Fund may lose all or a portion of its principal and forgo additional interest. In this regard, event-linked bonds typically have a special condition that states that if the sponsor suffers a loss from a particular pre-defined catastrophe or other event that results in physical and/or economic loss, then the issuer’s obligation to pay interest and/or repay the principal is either deferred or completely forgiven. For example, if the High Yield Reinsurance Fund or the Diversified Alternatives Fund holds a bond that covers a sponsor’s losses due to a hurricane with a “trigger” at $1 billion and a hurricane hits causing $1 billion or more in losses to such sponsor, then the Fund will lose all or a portion of its principal invested in the bond and forgo any future interest payments. If the trigger event(s) does not occur, the Fund will recover its principal plus interest. Interest typically accrues and is paid on a quarterly basis for the specified duration of the bond, as long as the trigger event(s) does not occur. Although principal typically is repaid only on the maturity date, it may be repaid in installments, depending on the terms of the bond, as long as the trigger event(s) does not occur. The High Yield Reinsurance Fund may invest in event-linked bonds directly or indirectly through certain derivative instruments. The High Yield Reinsurance Fund or the Diversified Alternatives Fund may pursue other types of event-linked derivative strategies using derivative instruments that are typically contingent, or formulaically related to defined trigger events. Trigger events may include hurricanes, earthquakes and weather-related phenomena, non-natural catastrophes, such as plane crashes, or other events resulting in a specified level of physical or economic loss, such as mortality or longevity.

(h) Quota Share Notes. Investments in Quota Share Notes provide exposure to a form of proportional reinsurance in which an investor participates in the premiums and losses of a reinsurer’s portfolio according to a pre-defined percentage. For example, under a 20% quota-share agreement, a special purpose vehicle (“SPV”) would obtain 20% of all premiums of the subject portfolio while being responsible for 20% of all claims, and the High Yield Reinsurance Fund or the Diversified Alternatives Fund, as a holder of a Quota Share Note issued by the SPV, would be entitled to its pro rata share of the premiums received by the SPV and would be responsible for its pro rata share of the claims up to the total amount invested.

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(i) ILW Notes. ILW Notes provide exposure to a transaction through which one party (typically, an insurance company or reinsurance company, or a reinsurance-related asset manager) purchases protection based on the total loss arising from a catastrophic event to the entire insurance industry rather than the losses of any particular insurer. For example, the buyer of a “$100 million limit U.S. Wind ILW attaching at $20 billion” will pay an upfront premium to a protection writer (i.e., the reinsurer or an SPV) and in return will receive $100 million if total losses to the insurance industry from a single U.S. hurricane exceed $20 billion. The industry loss ($20 billion in this case) is often referred to as the “trigger” and is reported by an independent third party after an event has occurred. The amount of protection offered by the contract ($100 million in this case) is referred to as the “limit.” ILW Notes could also provide exposure to transactions linked to an index not linked to insurance industry losses, such as wind speed or earthquake magnitude and location. The High Yield Reinsurance Fund or the Diversified Alternatives Fund, as a holder of an ILW Note, would be entitled to a return linked to the premium paid by the sponsor and the occurrence or non-occurrence of the trigger event. During the year ended October 31, 2022, the Funds had no exposure to ILW Notes.

(j) Alternative Lending. Alternative lending, which is sometimes referred to as peer-to-peer lending, online lending or marketplace lending, is a method of financing in which an alternative lending platform facilitates the borrowing and lending of money while generally not relying on deposits for capital to fund loans. It is considered an alternative to more traditional debt financing done through a bank. There are several different models of alternative lending but, very generally, a platform typically matches consumers, small or medium-sized businesses or other types of borrowers with investors that are interested in gaining investment exposure to the loans made to such borrowers. Prospective borrowers are usually required to provide or give access to certain financial information to the platform, such as the intended purpose of the loan, income, employment information, credit score, debt-to-income ratio, credit history (including defaults and delinquencies) and home ownership status, and, in the case of small business loans, business financial statements and personal credit information regarding any guarantor, some of which information is made available to prospective lenders. Often, platforms charge fees to borrowers to cover these screening and administrative costs. Based on this and other relevant supplemental information, the platform usually assigns its own credit rating to the borrower and sets the interest rate for the requested borrowing. Platforms then post the borrowing requests online and investors may choose among the loans, based on the interest rates the loans are expected to yield less any servicing or origination fees charged by the platform or others involved in the lending arrangement, the background data provided on the borrowers, and the credit rating assigned by the platform. In some cases, a platform partners with a bank to originate a loan to a borrower, after which the bank sells the loan to the platform or directly to the investor; alternatively, some platforms may originate loans themselves. Some investors, including the Fund, may not review the particular characteristics of the loans in which they invest at the time of investment, but rather negotiate in advance with platforms the general criteria of the investments. Other alternative lending platforms are non-traditional intermediaries. Unlike marketplace lenders, non-traditional intermediaries do not themselves (either alone or working with a bank) originate loans. Instead, they intermediate sales of loans originated by more traditional lenders to buyers that utilize alternative sources of capital (i.e., capital other than bank deposits). Platforms may set minimum eligibility standards for borrowers to participate in alternative lending arrangements and may limit the maximum permitted borrowings. Depending on the purpose and nature of the loan, its term may, for example, be as short as six months or shorter, or as long as thirty years or longer. Set forth below is additional information about some of the Fund’s alternative lending-related investments.

(k) Whole Loans. When the Diversified Alternatives Fund invests directly or indirectly in whole loans, it typically purchases all rights, title and interest in the loans pursuant to a loan purchase agreement directly from the platform or its affiliate. The platform or a third-party servicer typically continues to service the loans, collecting payments and distributing them to investors, less any servicing fees assessed against the Fund, and the servicing entity typically will make all decisions regarding any modification, forbearance or other form of relief that may be provided to a borrower experiencing financial hardship and acceleration or enforcement of the loans following any default by a borrower. Where a platform or its affiliate acts as the loan servicer, there is typically a backup servicer in place in case that platform or affiliate ceases or fails to perform these servicing functions. The Diversified Alternatives Fund, as an investor in a whole loan, would be entitled to receive payment only from the borrower and/or any guarantor, and would not be able to recover any deficiency from the platform, except under very narrow circumstances, which may include fraud by the borrower in some cases. The whole loans in which the Diversified Alternatives Fund may invest may be secured or unsecured. Cash segregated for the purchase of whole loans, if any, is located in Deposits for Issuing Loans on the Consolidated Statement of Assets and Liabilities. As of October 31, 2022, there was no cash segregated for the purchase of whole loans.

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(l) Loan Participations. The Diversified Alternatives Fund may invest in participation interests in whole loans, which are typically originated by an alternative lending platform in partnership with a bank. When the Fund invests in participation interests, the Diversified Alternatives Fund typically purchases a fractional or full economic interest in the underlying whole loans and the originating bank retains the legal title to such loans. As with the Diversified Alternatives Fund’s investments in whole loans, the alternative lending platform or a third party servicer typically continues to service the loans, collecting payments and distributing them to investors in the loan participations, less any servicing fees assessed against the Diversified Alternatives Fund, and the servicing entity typically will make all decisions regarding any modification, forbearance or other form of relief that may be provided to a borrower experiencing financial hardship and acceleration or enforcement of the loans following any default by a borrower. The servicing entity may distribute payments of principal and interest from the borrower directly to the Fund as a holder of participation interests. Alternatively, the Diversified Alternatives Fund may receive payments of principal and interest as passed through by the bank originating the whole loans and issuing the participation interests.

(m) Pass-Through Certificates. The Diversified Alternatives Fund may invest in pass-through certificates, which are a form of asset-backed security that is backed by a pool of whole loans originated or sourced by one or more alternative lending platforms and that represents the right of the holder to receive specified distributions in respect of such whole loans; specifically, holders are entitled to receive payments on account of principal and interest payments made by borrowers on the underlying loans, as well as proceeds from the sale or liquidation of any loan underlying the pass-through certificate, net of fees, expenses and other amounts payable to the issuer, trustee, originating platform(s) or other third parties as required. Unlike many other asset-backed securities, pass-through certificates are generally not issued with multiple tranches; instead, all holders of a particular certificate share a pro rata interest in the underlying pool of whole loans and distributions with respect thereto.

(n) Asset-Backed Securities. The Diversified Alternatives Fund may invest in, and sells certain of its alternative lending-related investments to, securitization vehicles, formed by alternative lending platforms or third parties for the purpose of acquiring alternative lending-related investments and issuing securities, the payments on which are funded by payments received on such entities’ underlying investments. Such asset-backed securities, including mortgage-backed securities, may be issued in different tranches of debt and residual equity interests with different rights and preferences. The Diversified Alternatives Fund may hold any tranche of such asset-backed securities. The volume and frequency of the Diversified Alternatives Fund’s sales of pools of loans to securitization vehicles may increase as a more active and reliable secondary market develops over time.

(o) Shares, Certificates, Notes or Other Securities. The Diversified Alternatives Fund may invest in shares, certificates, notes or other securities representing the right to receive principal and interest payments due on fractions of whole loans or pools of whole loans. The platform or a separate special purpose entity organized by or on behalf of the platform may hold the whole loans underlying such investments on its books and issue to the Diversified Alternatives Fund, as an investor, a share, certificate, note or other security, the payments on which track and depend upon the borrower payments on the underlying loans. As with whole loans, the platforms or third-party servicers typically continue to service the underlying loans on which the performance of such securities is based. Such securities may be linked to any of the types of whole loans in which the Diversified Alternative Fund may invest directly. Such securities may also track fractions of a whole loan. These securities may be sold through publicly registered offerings or through unregistered private offerings.

(p) Equity Securities. The Diversified Alternatives Fund may invest directly or indirectly in equity securities of both non-U.S. and U.S. small and mid-cap companies.

(q) Debt Securities. The Diversified Alternatives Fund may have exposure to the debt securities of U.S. or non-U.S. issuers. These debt securities may have fixed or floating interest rates; may or may not be collateralized; and may be below investment grade or unrated but judged by the Adviser to be of comparable quality (debt securities that are below investment grade are commonly called “junk bonds”). The Diversified Alternatives Fund has no limits as to the maturity of debt securities in which it invests directly or indirectly. Such investments may be within any maturity range (short, medium or long) depending on the Adviser’s evaluation of investment opportunities available within the debt securities market. Similarly, the Diversified Alternatives Fund has no limits as to the market capitalization range of the issuers.

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(r) Distributions to Shareholders. The Funds intend to distribute to their shareholders any net investment income and any net realized long- or short-term capital gains, if any, at least annually. Distributions are recorded on the ex-dividend date. The Funds each may periodically make reclassifications among certain of their capital accounts as a result of the characterization of certain income and realized gains determined annually in accordance with federal tax regulations that may differ from GAAP.

(s) Foreign Securities and Currency Transactions. The Funds’ books and records are maintained in U.S. dollars. Foreign currency denominated transactions (i.e., market value of investment securities, assets and liabilities, purchases and sales of investment securities, and income and expenses) are translated into U.S. dollars at the current rate of exchange. The Funds do not isolate that portion of results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held.

The High Yield Reinsurance Fund may invest in reinsurance-related securities issued by foreign sovereigns and foreign entities that are corporations, partnerships, trusts or other types of business entities. Because the majority of reinsurance-related security issuers are domiciled outside the United States, the High Yield Reinsurance Fund will normally invest a significant amount of its assets in non-U.S. entities. Accordingly, the High Yield Reinsurance Fund may invest without limitation in securities issued by non-U.S. entities, including those in emerging market countries. Certain SPVs in which the High Yield Reinsurance Fund invests may be sponsored by non-U.S. insurers that are not subject to the same regulation as that to which U.S. ceding insurers are subject. Such SPVs may pose a greater risk of loss, for example due to less stringent underwriting and/or risk-retention requirements. The High Yield Reinsurance Fund’s investments will consist primarily of event-linked bonds, Quota Share Notes, and ILW Notes that provide the High Yield Reinsurance Fund with contractual rights under the terms of the bond issuance. While the contractual rights of such instruments are similar whether they are issued by a U.S. issuer or a non-U.S. issuer, there may be certain additional risks associated with non-U.S. issuers. For example, foreign issuers could be affected by factors not present in the United States, including expropriation, confiscatory taxation, lack of uniform accounting and auditing standards, less publicly available financial and other information, potential difficulties in enforcing contractual obligations, and increased costs to enforce applicable contractual obligations outside the United States. Fluctuations in foreign currency exchange rates and exchange controls may adversely affect the market value of the High Yield Reinsurance Fund’s investments in foreign securities. Settlements of securities transactions in foreign countries are subject to risk of loss, may be delayed and are generally less frequent than in the United States, which could affect the liquidity of the High Yield Reinsurance Fund’s assets.

If the Funds invest in foreign issuers by purchasing American Depositary Receipts (“ADRs”) (U.S. dollar-denominated depositary receipts issued generally by banks and representing the deposit with the bank of a security of a non-U.S. issuer; ADRs are publicly traded on exchanges or over-the counter in the United States), the Funds are exposed to credit risk with respect to the issuer of the ADR, in addition to the risks of the underlying foreign securities.

(t) Allocation of Income, Expenses, Gains/Losses. Income, expenses (other than those deemed attributable to a specific share class), and gains and losses of each fund are allocated daily to each share class based upon the ratio of net assets represented by each class as a percentage of the net assets of each fund. Expenses deemed directly attributable to a class of shares are recorded by the specific class. Most expenses are allocated based on average net assets, with the exception of 12b-1 fees, which are expensed at 0.15% of average daily net assets of the Class M shares.

(u) Other. Investment transactions are recorded on the trade date. Dividend income, less any foreign tax withheld, is recognized on the ex-dividend date and interest income is recognized on an accrual basis, including amortization/accretion of premiums or discounts. Discounts and premiums on securities purchased are amortized over the lives of the respective securities using the constant yield method.

(v) Restricted Securities. The Funds may invest a substantial portion of their assets in securities that are restricted, but eligible for purchase and sale by certain qualified institutional buyers, as defined in Rule 144A under the Securities Act of

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Notes to Financial Statements October 31, 2022

1933, as amended, as well as other restricted securities. Restricted securities may be resold in transactions that are exempt from registration under Federal securities laws or if the securities are publicly registered. Restricted securities may be deemed illiquid.

(w) REIT Distributions. The character of distributions received from real estate investment trusts (“REITs”) held by the Funds is generally made up of net investment income, capital gains, and return of capital. It is the policy of the Funds to estimate the character of distributions received from underlying REITs based on historical data provided by the REITs. After each calendar year end, REITs report the actual tax character of these distributions. Differences between the estimated and actual amounts reported by the REITs are reflected in the Funds’ records in the year in which they are reported by the REITs by adjusting related investment cost basis, capital gains and income, as necessary.

(x) Rule 18f-4. The SEC adopted new regulations under the 1940 Act governing the use of derivatives and certain related instruments by registered investment companies (“Rule 18f-4”). Rule 18f-4 imposes limits on the amount of derivatives a Fund can enter into, eliminates the asset segregation framework previously used by funds to comply with Section 18 of the 1940 Act, and requires funds whose use of derivatives is greater than a limited specified amount to establish and maintain a comprehensive derivatives risk management program and appoint a derivatives risk manager. The High Yield Reinsurance Fund qualifies as a “limited derivatives user” as defined under Rule 18f-4 and as such, has adopted policies and procedures reasonably designed to manage such fund’s derivatives risk to ensure the Fund’s derivatives exposure remains limited. As required by Rule 18f-4, the U.S. Hedged Equity Fund and the Diversified Alternatives Fund each have adopted and implemented a derivatives risk management program to govern their use of derivatives and appointed a derivatives risk manager. The derivatives risk manager is appointed by the Board and conducts periodic reviews of the derivatives risk management program and reports findings back to the Board. Rule 18f-4 restricts each Fund’s ability to engage in certain derivatives transactions and may increase the costs related to the Fund’s use of such derivatives transactions, which could adversely affect the value or performance of a Fund. In addition, each of the Diversified Alternatives Fund and the U.S. Hedged Equity Fund has elected to treat reverse repurchase agreements and similar financing transactions as derivatives subject for purposes of Rule 18f-4.

(y) New Accounting Pronouncements. In March 2020, FASB issued Accounting Standards Update 2020-04, Reference Rate Reform: Facilitation of the Effects of Reference Rate Reform on Financial Reporting (“ASU 2020-04”) and in January 2021, the FASB issued Accounting Standards Update 2021-01, Reference Rate Reform (Topic 848): Scope (“ASU 2021-01), which provides optional, temporary relief with respect to the financial reporting of contracts subject to certain types of modifications due to the planned discontinuation of the London Interbank Offered Rate (“LIBOR”) and other interbank offered rates as of the end of 2021. The temporary relief provided by ASU 2020-04 and ASU 2021-01 is effective for certain reference rate-related contract modifications that occur during the period from March 12, 2020 through December 31, 2022. Management has actively worked with other financial institutions and counterparties to modify contracts as required by applicable regulation and within regulatory deadlines.

(z) COVID-19. The impact of COVID-19, and other infectious illness outbreaks that may arise in the future, could adversely affect the economies of many nations or the entire global economy, individual issuers and capital markets in ways that cannot necessarily be foreseen. In addition, the impact of infectious illnesses in emerging market countries may be greater due to generally less established healthcare systems. Public health crises caused by the COVID-19 outbreak may exacerbate other pre-existing political, social and economic risks in certain countries or globally. Such impacts present material uncertainty and risk with respect to the Funds’ investment performance and financial results.

3. Federal Tax Matters

Provisions for federal income taxes or excise taxes have not been made because the Funds intend to be taxed as RICs and intend to distribute substantially all taxable income to shareholders and otherwise comply with the provisions of the Internal Revenue Code applicable to RICs. Distributions from net realized gains for book purposes may include short-term capital gains which are included as ordinary income to shareholders for tax purposes. Additionally, GAAP requires that certain components of net assets relating to permanent differences be reclassified between financial and tax reporting. The reclassifications have no effect on net assets or NAV per share.

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164

Notes to Financial Statements October 31, 2022

For the year ended October 31, 2022, the effect of permanent “book/tax” reclassifications resulted in increases and decreases to components of the Funds’ net assets as follows:

	TOTAL DISTRIBUTABLE EARNINGS/(LOSS)		PAID IN CAPITAL
High Yield Reinsurance Fund	$	—	$	—
U.S. Hedged Equity Fund		—		—
Diversified Alternatives Fund		(5,723,959)		5,723,959

These differences primarily relate to investments in controlled foreign corporations.

	HIGH YIELD REINSURANCE RISK PREMIUM FUND			U.S. HEDGED EQUITY FUND			DIVERSIFIED ALTERNATIVES FUND
Tax cost of investments	$	1,797,476,526		$	30,350,804		$	481,971,258
Unrealized appreciation		7,212,605			—			3,206,504
Unrealized depreciation		(236,672,913	)		(282,719	)		(43,655,518	)
Net unrealized appreciation (depreciation)		(229,460,308	)		(282,719	)		(40,449,014	)
Undistributed ordinary income		12,600,379			81,536			4,488,274
Undistributed long-term gain (capital loss carryover)		(107,450,031	)		(3,384,909	)		(53,341,879	)
Distributable earnings		(94,849,652	)		(3,303,373	)		(48,853,605	)
Other accumulated earnings (loss)		12,238,399			—			1,383,101
Total accumulated gain (loss)	$	(312,071,561	)	$	(3,586,092	)	$	(87,919,518	)

The difference between book-basis and tax basis unrealized appreciation/(depreciation) is attributable primarily to mark-to-market adjustments of passive foreign investment companies, basis adjustments on investments in controlled foreign corporations and subsidiaries, deferral of wash sales losses, and differences in amortization of interest income between book and tax.

The tax character of distributions paid during the period ended October 31, 2022 was as follows:

	ORDINARY INCOME		LONG-TERM CAPITAL GAIN		RETURN OF CAPITAL		TOTAL
High Yield Reinsurance Fund	$	64,138,892	$	—	$	—	$	64,138,892
U.S. Hedged Equity Fund		1,051,269		978,765		—		2,030,034
Diversified Alternatives Fund		15,355,242		2,954,443		—		18,309,685

Each of the Funds designate as long-term capital gain dividend, pursuant to Internal Revenue Code Section 852(b)(3), the amount necessary to reduce the earnings and profits of the funds related to net capital gain to zero for the tax year ended October 31, 2022.

The tax character of distributions paid during the period ended October 31, 2021 was as follows:

	ORDINARY INCOME		LONG-TERM CAPITAL GAIN		RETURN OF CAPITAL		TOTAL
High Yield Reinsurance Fund	$	60,490,800	$	—	$	—	$	60,490,800
U.S. Hedged Equity Fund		816,245		—		—		816,245
Diversified Alternatives Fund		825,885		—		—		825,885

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Notes to Financial Statements October 31, 2022

As of October 31, 2022 certain Funds have tax basis capital losses which may be carried forward indefinitely to offset future capital gains as shown below:

	SHORT- TERM			LONG-TERM			TOTAL
High Yield Reinsurance Fund	$	(6,531,561	)	$	(100,918,470	)	$	(107,450,031	)
U.S. Hedged Equity Fund		(1,359,476	)		(2,025,433	)		(3,384,909	)
Diversified Alternatives Fund(1)		(44,282,971	)		(14,067,574	)		(58,350,545	)

(1) Tax basis short-term capital losses of $(44,282,971) and long-term capital losses of $(14,067,574) were transferred from the All Asset VRP Fund to the Diversified Alternatives Fund as a result of the acquisition of the former by the latter on February 5, 2021. Utilization of these losses is subject to limitation under IRC Section 382.

There is no tax liability resulting from unrecognized tax benefits relating to uncertain income tax positions taken or expected to be taken on the tax return for the fiscal year ended October 31, 2022, or for any other tax years which are open for exam. As of October 31, 2022, open tax years include the periods ended October 31, 2020, 2021 and 2022. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statement of Operations. During the year, the Funds did not incur any interest or penalties.

4. Agreements

(a) Investment Management Agreement. The Adviser is the Funds’ investment adviser and was organized as a Delaware limited liability company in 2012. The Adviser’s primary business is to provide a variety of investment management services, including an investment program for the Funds.

As compensation for its services, the Adviser is paid by the High Yield Reinsurance Fund a fee, computed daily and paid monthly in arrears, at the annual rate of 1.50% of the Fund’s average daily net assets. As compensation for its services, the Adviser is paid by the U.S. Hedged Equity Fund a fee, computed daily and paid monthly in arrears, at the annual rate of 0.50% of the Fund’s average daily net assets. As compensation for its services, the Adviser is paid by the Diversified Alternatives Fund a fee, computed daily and paid monthly in arrears, at the annual rate of (i) 0.00% of the Fund’s average daily net assets invested in any other fund advised by the Adviser and (ii) 1.50% of the Fund’s average daily net assets invested in other investments.

Through February 28, 2023 for the High Yield Reinsurance Fund and the U.S. Hedged Equity Fund, the Adviser has agreed to waive its advisory fee and/or pay or otherwise bear operating and other expenses of the Funds or classes thereof (excluding brokerage and transactional expenses, borrowing and other investment-related costs and fees including interest and commitment fees, short dividend expense, acquired fund fees and expenses, taxes, litigation and indemnification expenses, judgments and extraordinary expenses not incurred in the ordinary course of the Funds’ business collectively, the (“Excluded Expenses”) solely to the extent necessary to limit the Funds’ total annual fund operating expenses, other than the Excluded Expenses, to 1.70% for Class I shares and 1.85% for Class M shares of the High Yield Reinsurance Fund (prior to March 1, 2022, 1.65% for Class I shares and 1.80% for class M shares), and 0.50% for the Class I shares and 0.65 % for the Class M shares of the U.S. Hedged Equity Fund. Through February 28, 2023 for the Diversified Alternatives Fund, the Adviser has agreed to waive its advisory fee and/or pay or otherwise bear operating and other expenses of the Fund or classes thereof (excluding the Fund’s investment management fee, financial intermediary fees and expenses (including shareholder servicing fees and expenses, sub-transfer agency servicing fees and expenses and fees and expenses for custodial services rendered to shareholders), brokerage and transactional expenses; borrowing and other investment-related costs and fees including interest payments on borrowed funds, loan servicing fees, loan collection and administration fees and expenses; interest and commitment fees; short dividend expense; acquired fund fees and expenses; taxes; litigation and indemnification expenses; judgments; and extraordinary expenses not incurred in the ordinary course of the Fund’s business (collectively, the “Excluded Diversified Alternatives Expenses”)) solely to the extent necessary to limit the Diversified Alternatives Fund’s total annual fund operating expenses, other than Excluded Diversified Alternatives Expenses, to 0.40% for the Class I and Class J shares of the Diversified Alternatives Fund (prior to January 22, 2021, 0.55% for the Class J shares, previously Class M shares, of the Diversified Alternatives Fund). With respect to each Fund, the Adviser is permitted to recoup in later periods expenses attributable to a Class that the Adviser has paid or otherwise borne (whether through reduction of its advisory fee or otherwise) to the extent that the expenses for the Class of shares fall below the annual limitation rate in effect at

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Notes to Financial Statements October 31, 2022

the time of the actual waiver/reimbursement and to the extent that they do not cause the Class to exceed the annual rate in effect at the time of the recoupment. However, the Adviser shall not be, and under the expense limitation agreements that were in place during the period covered by this report the Adviser was not, permitted to recoup any such fees or expenses beyond three years from the month end in which the Adviser reduced a fee or reimbursed an expense. The Adviser has waived and recouped amounts as disclosed in each Fund’s Statement of Operations. As of October 31, 2022, the remaining amount of waived fees subject to be recouped in future years are as follows:

FUND	REMAINING AMOUNT TO BE RECOUPED (EXPIRING BY OCTOBER 31, 2023)		REMAINING AMOUNT TO BE RECOUPED (EXPIRING BY OCTOBER 31, 2024)		REMAINING AMOUNT TO BE RECOUPED (EXPIRING BY OCTOBER 31, 2025)
High Yield Reinsurance Fund	$	480,007	$	563,960	$	343,464
U.S. Hedged Equity Fund		644,618		384,371		375,766
Diversified Alternatives Fund		287,870		1,388,393		1,046,965

(b) Custodian, Administrator and Transfer Agent The custodian to the Trust is U.S. Bank, N.A. The administrator and transfer agent to the Trust is U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services (the “Transfer Agent”), an affiliate of U.S. Bank, N.A.

(c) Distributor ALPS Distributors, Inc. (the “Distributor”) serves as the Funds’ distributor.

5. Distribution and Service Arrangements

Financial intermediaries may provide varying investment products, programs, platforms and accounts for the benefit of shareholders. Such intermediaries generally charge fees in connection with a variety of services, which may include (i) personal and account maintenance services, sub-transfer agency services and custodial services rendered to shareholders who are customers of the intermediary, including electronic transmission and processing of orders, electronic fund transfers between shareholders and the relevant Fund, reinvestment of distributions, settlement and reconciliation of transactions, liaising with the Transfer Agent, facilitation of electronic delivery to shareholders of Fund documentation, monitoring shareholder accounts for back-up withholding and any other special tax reporting obligations, maintenance of books and records with respect to the foregoing, and other similar services (fees for such services, “servicing fees”) and/or (ii) activities or expenses primarily intended to result in the sale of shares (fees for such services, if any, “distribution fees” and, together with servicing fees, “intermediary fees”). Such fees may be based on the number of accounts or may be a percentage of the average value of accounts for which the intermediary provides services, and are intended to compensate intermediaries for their provision of services of the type that would be provided by the Transfer Agent or other service providers if the shares were registered on the books of the relevant Fund. The Funds do not believe that any portion of fees currently paid to financial intermediaries are distribution fees.

For the High Yield Reinsurance Fund and the U.S. Hedged Equity Fund, intermediary fees may be paid pursuant to a Distribution Plan (“12b-1 Plan”) adopted by each Fund with respect to its Class M shares, at the maximum annual rate of 0.15% of each Fund’s average daily net assets attributable to Class M. These fees are paid out of each Fund’s Class M shares’ assets on an ongoing basis and may be administered or facilitated by the Distributor. Because Rule 12b-1 fees are paid out of each Fund’s Class M shares’ assets on an ongoing basis, over time these fees will increase the cost of your investment and may cost you more than other types of sales charges. If amounts remain from the Rule 12b-1 fees after the intermediaries have been paid, such amounts are reimbursed to the Fund. The Distributor does not retain any portion of the Rule 12b-1 fees. To the extent that there are expenses associated with shareholder services that exceed the amounts payable pursuant to the 12b-1 Plan, the Class M shares of each Fund will bear such expenses. For Class I shares of each Fund, the Adviser pays all intermediary fees.

For the Diversified Alternatives Fund, intermediary fees may be paid out of the Fund’s Class J shares’ assets on an ongoing basis. Because these intermediary fees are paid out of the Fund’s Class J shares’ assets on an ongoing basis, over time these fees will increase the cost of your investment and may cost you more than other types of charges. For Class J shares, the Adviser pays a portion of the intermediary fees, and the Class J shares bear the remainder. For

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Notes to Financial Statements October 31, 2022

Class I shares, the Adviser pays all intermediary fees. For the year ended October 31, 2022, intermediary fees of $78,945 were paid by Class J shares.

6. Related Parties

Certain officers of the Trust are also employees of the Adviser. The officers, with the exception of the Chief Compliance Officer, are not compensated by the Trust. The Trust pays a portion of the Chief Compliance Officer’s salary.

7. Investment Transactions

For the year ended October 31, 2022, aggregate purchases and sales of securities (excluding short-term securities) by the Funds were as follows:

	HIGH YIELD REINSURANCE FUND		U.S. HEDGED EQUITY FUND		DIVERSIFIED ALTERNATIVES FUND
Purchases	$	736,945,639	$	—	$	247,618,814
Sales		400,538,878		—		56,897,106
U.S. Government Security Purchases		—		—		—
U.S. Government Security Sales		—		—		—

8. Capital Share Transactions

HIGH YIELD REINSURANCE FUND - CLASS I	YEAR ENDED OCTOBER 31, 2022			YEAR ENDED OCTOBER 31, 2021
Shares sold		80,073,730			76,480,738
Shares issued to holders in reinvestment of dividends		3,820,392			3,458,347
Shares redeemed		(49,108,633	)		(34,496,558	)
Net increase in shares		34,785,489			45,442,527
Shares outstanding:
Beginning of year		140,878,629			95,436,102
End of year		175,664,118			140,878,629
HIGH YIELD REINSURANCE FUND - CLASS M
Shares sold		4,741,692			7,572,208
Shares issued to holders in reinvestment of dividends		580,109			589,564
Shares redeemed		(6,160,269	)		(3,869,437	)
Net increase (decrease) in shares		(838,468	)		4,292,335
Shares outstanding:
Beginning of year		16,461,267			12,168,932
End of year		15,622,799			16,461,267
U.S. HEDGED EQUITY FUND - CLASS I
Shares sold		185,877			695,181
Shares issued to holders in reinvestment of dividends		97,796			53,768
Shares redeemed		(979,443	)		(2,755,909	)
Net decrease in shares		(695,770	)		(2,006,960	)
Shares outstanding:
Beginning of year		3,111,830			5,118,790
End of year		2,416,060			3,111,830

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Notes to Financial Statements October 31, 2022

U.S. HEDGED EQUITY FUND - CLASS M
Shares sold	100,475		3,707
Shares issued to holders in reinvestment of dividends	11,692		4,338
Shares redeemed	(105,807	)	(26,258	)
Net increase (decrease) in shares	6,360		(18,213	)
Shares outstanding:
Beginning of year	234,229		252,442
End of year	240,589		234,229
DIVERSIFIED ALTERNATIVES FUND - CLASS I
Shares sold	30,712,516		11,900,940
Shares sold in connection with acquisition(1)	—		7,277,511
Shares issued to holders in reinvestment of dividends	1,457,004		77,113
Shares redeemed	(8,616,572	)	(3,204,044	)
Net increase in shares	23,552,948		16,051,520
Shares outstanding:
Beginning of year	17,995,651		1,944,131
End of year	41,548,599		17,995,651

DIVERSIFIED ALTERNATIVES FUND—CLASS J	YEAR ENDED OCTOBER 31, 2022			YEAR ENDED OCTOBER 31, 2021
Shares sold		2,318,941			1,185,543
Shares issued to holders in reinvestment of dividends		94,234			29
Shares redeemed		(447,584	)		(10,371	)
Net increase in shares		1,965,591			1,175,201
Shares outstanding:
Beginning of year		1,175,701			500
End of year		3,141,292			1,175,701

(1) On February 5, 2021, the Diversified Alternatives Fund acquired the All Asset VRP Fund. See Note 1.

9. Transactions with Affiliate

The following issuers may be deemed to be affiliated with the Funds during the year ended October 31, 2022. As defined in Section (2)(a)(3) of the 1940 Act, such issuers are:

	DIVERSIFIED ALTERNATIVES FUND (1)
	STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM—CLASS I
November 1, 2021 Balance
Shares		12,171,767
Cost	$	110,858,686
Additions
Shares		17,907,983
Cost	$	158,434,405
Reductions
Shares		5,586,163
Cost	$	50,868,117
October 31, 2022 Balance
Shares		24,493,586
Cost	$	218,424,974
Value	$	198,153,111
Dividend Income	$	6,839,156
Realized Gain/(Loss)	$	(1,368,117	)
Change in Unrealized Appreciation	$	(19,080,795	)

(1) The Diversified Alternatives Fund is not paying advisory fees on its holdings of the High Yield Reinsurance Fund as the Adviser is paid an advisory fee from the High Yield Reinsurance Fund.

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Notes to Financial Statements October 31, 2022

10. Financing Facility

The High Yield Reinsurance Fund obtains leverage through a 29-day rolling facility (the “Facility”). The Facility, when drawn, is secured by the Fund’s assets, particularly catastrophe bonds which are posted as collateral. The Facility’s maximum withdraw capacity is $125,000,000. Through the year ended October 31, 2022, the High Yield Reinsurance Fund’s maximum borrowing was $65,100,000 and average borrowing was $13,374,182. This borrowing resulted in interest expenses of $403,093 at a weighted average interest rate of 3.01% and is included in the High Yield Reinsurance Fund’s Statement of Operations. As of October 31, 2022, the High Yield Reinsurance Fund had an outstanding balance of $17,000,000.

The Funds may obtain leverage through borrowings in seeking to achieve their investment objectives. The Funds share a $75,000,000 umbrella line of credit in the form of an unsecured loan agreement which is effective November 28, 2017 through October 21, 2023. With respect to the High Yield Reinsurance Fund and the Diversified Alternatives Fund, the maximum withdrawal capacity for each Fund is 33.33% of the net market value of the assets of such Fund (not to exceed $75,000,000 outstanding across all Funds). With respect to the U.S. Hedged Equity Fund, the maximum withdrawal capacity is the lesser of (a) 33.33% of the net market value of the assets of such Fund and (b) 20% of the gross market value of the assets of such Fund (not to exceed $75,000,000 outstanding across all Funds).

During the year ended October 31, 2022, the U.S. Hedged Equity Fund’s maximum borrowing was $1,060,000 and average borrowing was $678,333. This borrowing resulted in interest expenses of $249 at a weighted average interest rate of 2.32%. These amounts are included in other expenses on the U.S. Hedged Equity Fund’s Statement of Operations. As of October 31, 2022, the Fund did not have an outstanding loan balance.

11. Subsequent Events Evaluation

In preparing these financial statements, the Funds have evaluated events and transactions for potential recognition or disclosure resulting from subsequent events through the date the financial statements were issued. The evaluation did not result in any subsequent events that necessitated disclosures and/or adjustments.

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Report of Independent Registered Public Accounting Firm

To the Shareholders and the Board of Trustees of Stone Ridge High Yield Reinsurance Risk Premium Fund, Stone Ridge U.S. Hedged Equity Fund and Stone Ridge Diversified Alternatives Fund of Stone Ridge Trust

Opinion on the Financial Statements

We have audited the accompanying statements of assets and liabilities (consolidated for Stone Ridge Diversified Alternatives Fund) of Stone Ridge Trust (the “Trust”) (comprising Stone Ridge High Yield Reinsurance Risk Premium Fund, Stone Ridge U.S. Hedged Equity Fund and Stone Ridge Diversified Alternatives Fund (collectively referred to as the “Funds”)), including the schedules of investments (consolidated for Stone Ridge Diversified Alternatives Fund), as of October 31, 2022, and the related statements of operations (consolidated for Stone Ridge Diversified Alternatives Fund), cash flows (for Stone Ridge High Yield Reinsurance Risk Premium Fund and consolidated for Stone Ridge Diversified Alternatives Fund), and changes in net assets (consolidated for Stone Ridge Diversified Alternatives Fund), and the financial highlights (consolidated for Stone Ridge Diversified Alternatives Fund) for each of the periods indicated in the table below and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position (consolidated for Stone Ridge Diversified Alternatives Fund) of each of the Funds comprising the Trust at October 31, 2022, the results of their operations (consolidated for Stone Ridge Diversified Alternatives Fund), cash flows (for the Stone Ridge High Yield Reinsurance Fund and consolidated for Stone Ridge Diversified Alternatives Fund), changes in net assets (consolidated for Stone Ridge Diversified Alternatives Fund) and financial highlights (consolidated for Stone Ridge Diversified Alternatives Fund) for each of the periods indicated in the table below, in conformity with U.S. generally accepted accounting principles.

INDIVIDUAL FUND CONSTITUTING THE STONE RIDGE TRUST	STATEMENTS OF OPERATIONS AND CASH FLOWS	STATEMENTS OF CHANGES IN NET ASSETS	FINANCIAL HIGHLIGHTS
Stone Ridge High Yield Reinsurance Risk Premium Fund	For the year ended October 31, 2022	For each of the two years in the period ended October 31, 2022	For each of the five years in the period ended October 31, 2022

INDIVIDUAL FUND CONSTITUTING THE STONE RIDGE TRUST	STATEMENT OF OPERATIONS	STATEMENTS OF CHANGES IN NET ASSETS	FINANCIAL HIGHLIGHTS
Stone Ridge U.S. Hedged Equity Fund	For the year ended October 31, 2022	For each of the two years in the period ended October 31, 2022	For each of the five years in the period ended October 31, 2022

INDIVIDUAL FUND CONSTITUTING THE STONE RIDGE TRUST	CONSOLIDATED STATEMENTS OF OPERATIONS AND CASH FLOWS	CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS	CONSOLIDATED FINANCIAL HIGHLIGHTS
Stone Ridge Diversified Alternatives Fund	For the year ended October 31, 2022	For each of the two years in the period ended October 31, 2022	For each of the two years in the period ended October 31, 2022 and the period from May 1, 2020 (commencement of operations) through October 31, 2020

Basis for Opinion

These financial statements are the responsibility of the Trust’s management. Our responsibility is to express an opinion on each of the Funds’ financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Trust in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Trust is not required to have, nor were we engaged to perform, an audit of the Trust’s internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Trust’s internal control over financial reporting. Accordingly, we express no such opinion.

Stone Ridge Funds Annual Report October 31, 2022

171

Report of Independent Registered Public Accounting Firm

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of October 31, 2022 by correspondence with the custodian, brokers and others. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

We have served as the auditor of one or more of the Stone Ridge investment companies since 2013.

Minneapolis, Minnesota

December 29, 2022

Stone Ridge Funds Annual Report October 31, 2022

172

Expense Examples (Unaudited)

As a shareholder of the Stone Ridge Funds (each a “Fund”, together the “Funds”), you incur ongoing costs, including investment advisory fees, distribution and/or shareholder servicing fees, and other Fund expenses, which are indirectly paid by shareholders. This example is intended to help you understand your ongoing costs (in U.S. dollars) of investing in a Fund and to compare these costs with the ongoing costs of investing in other mutual funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from May 1, 2022 through October 31, 2022.

Actual Expenses

The first line on each table below provides information about actual account values and actual expenses. However, the table does not include shareholder specific fees, such as the $15.00 fee charged for wire redemptions by the Funds’ transfer agent. The table also does not include portfolio trading commissions and related trading costs. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line under the heading entitled “Expenses Paid During Period” to estimate the expenses you paid on your account during the period.

Hypothetical Example For Comparison Purposes

The second line on each table below provides information about hypothetical account values and hypothetical expenses based on the actual expense ratios for each share class of the Funds and an assumed rate of return of 5% per year before expenses, which is not the Funds’ actual return. The hypothetical account values and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in the Funds and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other fund. Please note that the expenses shown in the table are meant to highlight your ongoing costs only and do not reflect any transactional costs, such as sales charges (loads), redemption fees, or exchange fees. Therefore, the second line of the table is useful in comparing ongoing costs only, and will not help you determine the relevant total cost of owning different funds.

Stone Ridge High Yield Reinsurance Risk Premium Fund — Class I

	BEGINNING ACCOUNT VALUE MAY 1, 2022		ENDING ACCOUNT VALUE OCTOBER 31, 2022		EXPENSES PAID DURING PERIOD* MAY 1, 2022 – OCTOBER 31, 2022
Actual	$	1,000.00	$	927.80	$	8.65
Hypothetical (5% annual return before expenses)	$	1,000.00	$	1,016.74	$	9.05

* Expenses are equal to the share class’s annualized six-month expense ratio of 1.78%, multiplied by the average account value over the period, multiplied by 184/365 to reflect the partial year period.

Stone Ridge High Yield Reinsurance Risk Premium Fund — Class M

	BEGINNING ACCOUNT VALUE MAY 1, 2022		ENDING ACCOUNT VALUE OCTOBER 31, 2022		EXPENSES PAID DURING PERIOD* MAY 1, 2022 – OCTOBER 31, 2022
Actual	$	1,000.00	$	926.30	$	9.07
Hypothetical (5% annual return before expenses)	$	1,000.00	$	1,016.28	$	9.49

* Expenses are equal to the share class’s annualized six-month expense ratio of 1.87%, multiplied by the average account value over the period, multiplied by 184/365 to reflect the partial year period.

Stone Ridge Funds Annual Report October 31, 2022

173

Expense Examples (Unaudited)

Stone Ridge U.S. Hedged Equity Fund — Class I

	BEGINNING ACCOUNT VALUE MAY 1, 2022		ENDING ACCOUNT VALUE OCTOBER 31, 2022		EXPENSES PAID DURING PERIOD* MAY 1, 2022 – OCTOBER 31, 2022
Actual	$	1,000.00	$	967.00	$	2.51
Hypothetical (5% annual return before expenses)	$	1,000.00	$	1,022.68	$	2.59

* Expenses are equal to the share class’s annualized six-month expense ratio of 0.51%, multiplied by the average account value over the period, multiplied by 184/365 to reflect the partial year period.

Stone Ridge U.S. Hedged Equity Fund — Class M

	BEGINNING ACCOUNT VALUE MAY 1, 2022		ENDING ACCOUNT VALUE OCTOBER 31, 2022		EXPENSES PAID DURING PERIOD* MAY 1, 2022 – OCTOBER 31, 2022
Actual	$	1,000.00	$	966.60	$	2.96
Hypothetical (5% annual return before expenses)	$	1,000.00	$	1,022.23	$	3.05

966.60

* Expenses are equal to the share class’s annualized six-month expense ratio of 0.60%, multiplied by the average account value over the period, multiplied by 184/365 to reflect the partial year period.

Stone Ridge Diversified Alternatives Fund — Class I

	BEGINNING ACCOUNT VALUE MAY 1, 2022		ENDING ACCOUNT VALUE OCTOBER 31, 2022		EXPENSES PAID DURING PERIOD* MAY 1, 2022 – OCTOBER 31, 2022
Actual	$	1,000.00	$	979.70	$	6.66
Hypothetical (5% annual return before expenses)	$	1,000.00	$	1,020.47	$	6.79

979.70

* Expenses are equal to the share class’s annualized six-month expense ratio of 1.34%, multiplied by the average account value over the period, multiplied by 184/365 to reflect the partial year period.

Stone Ridge Diversified Alternatives Fund — Class J

	BEGINNING ACCOUNT VALUE MAY 1, 2022		ENDING ACCOUNT VALUE OCTOBER 31, 2022		EXPENSES PAID DURING PERIOD* MAY 1, 2022 – OCTOBER 31, 2022
Actual	$	1,000.00	$	977.60	$	8.16
Hypothetical (5% annual return before expenses)	$	1,000.00	$	1,018.75	$	8.32

* Expenses are equal to the share class’s annualized six-month expense ratio of 1.64%, multiplied by the average account value over the period, multiplied by 184/365 to reflect the partial year period.

Stone Ridge Funds Annual Report October 31, 2022

174

Additional Information (Unaudited)

1. Board Approval of the Continuation of the Investment Management Agreements

Throughout the year, the Board of Trustees (the “Board”) of Stone Ridge Trust (the “Trust”), including the members of the Board who are not “interested persons” of the Trust (as that term is defined in the Investment Company Act of 1940, as amended (the “1940 Act”)) (the “Independent Trustees”), considers matters bearing on the investment management agreements between Stone Ridge Asset Management LLC (the “Adviser”) and the Trust, on behalf of each series of the Trust. On an annual basis, the Board, including the Independent Trustees, holds a meeting to determine whether to approve the continuation, ordinarily for an additional one-year period, of any investment management agreements that are proposed to be renewed.

At a meeting held via videoconference on October 25, 2022 in accordance with the U.S. Securities and Exchange Commission’s order extending no-action relief from the requirements in Sections 15(c) and 32(a) of the 1940 Act and Rules 12b-1(b)(2) and 15a-4(b)(2)(ii) that votes of the Board be cast at a meeting held in-person, the Board, including a majority of the Independent Trustees, considered and approved the continuation for a one-year period of each of the investment management agreements (the “Existing Agreements”) between the Adviser and the Trust on behalf of Stone Ridge High Yield Reinsurance Risk Premium Fund (the “High Yield Reinsurance Fund”), Stone Ridge U.S. Hedged Equity Fund (the “U.S. Hedged Equity Fund”) and Stone Ridge Diversified Alternatives Fund (the “Diversified Alternatives Fund” and collectively with High Yield Reinsurance Fund and the U.S. Hedge Equity Fund, the “Funds”). Prior to the meeting, the Independent Trustees received a memorandum from independent counsel describing their responsibilities in connection with the approval of the Existing Agreements. In evaluating each Existing Agreement, the Board considered information and materials furnished by the Adviser in advance of and at the meeting and was afforded the opportunity to request additional information and to ask questions of the Adviser to obtain information that it believed to be reasonably necessary to evaluate the terms of the Existing Agreements.

The Board’s consideration of each Existing Agreement included but was not limited to: (1) the nature, extent and quality of the services provided by the Adviser; (2) the investment performance of the Funds and the Adviser; (3) the cost of the services provided and the profits and other benefits realized by the Adviser from its relationship with each Fund; and (4) the extent to which economies of scale may be realized as the Funds grow and whether fee levels reflect such economies of scale for the benefit of shareholders of the Funds. In determining whether to approve the continuation of the Existing Agreements, the Board, including the Independent Trustees, did not identify any single factor as determinative; individual trustees may have evaluated the information presented differently from one another, giving different weights to various factors.

In considering the nature, extent and quality of the services provided by the Adviser, the Board considered the investment management services provided by the Adviser, including management of each Fund’s portfolio in accordance with its investment objective, investment policies, investment restrictions and applicable law; the unique and complex nature of the Funds’ investment programs in the registered fund space; investment selection and monitoring; selection of trading counterparties and order management; the creation and implementation of ongoing analytical and risk management strategies; the Adviser’s investment in infrastructure, proprietary software, technology and personnel needed to implement each Fund’s investment program; and the oversight and/or implementation of policies and procedures necessary to fulfill these responsibilities.

The Board also considered other services provided by the Adviser, including proxy voting (to the extent applicable), monitoring potential conflicts of interest and maintaining regulatory compliance programs for the Funds. In addition, the Board considered the qualifications and professional backgrounds of the Adviser’s personnel who provide significant advisory or other services to each Fund under the applicable Existing Agreement and analyzed the Adviser’s ongoing ability to service the Funds through such personnel. Based on this and related information, the Board, including the Independent Trustees, concluded that the nature, extent and quality of services supported the continuation of the Existing Agreements.

In considering the investment performance of the Funds and the Adviser, the Board reviewed information provided by the Adviser relating to each Fund’s performance together with the performance of each Fund’s corresponding indices. For each Fund, the Board considered the performance information for the one-month, three-month, six-month, one-year, three-year and five-year periods ended August 31, 2022 as well as for the period ended August 31, 2022 since each Fund’s inception. The Board also reviewed performance information for funds within Morningstar categories of U.S. fund

Stone Ridge Funds Annual Report October 31, 2022

175

Additional Information (Unaudited)

options trading strategies (for the U.S. Hedged Equity Fund), U.S. non-traditional bond fund strategies and U.S. fund miscellaneous strategies (for the High Yield Reinsurance Fund) and U.S. fund multi-strategies (for the Diversified Alternatives Fund), in each case, with specified characteristics and within a specified size range relative to the Funds, as determined by the Adviser in consultation with the Funds’ third-party administrator (the “peer groups”). The Board considered the performance information for any comparable registered investment funds managed by the Adviser. The Board also considered the Adviser’s explanation that it does not manage any other accounts with strategies similar to those of the Funds and that there are very few, if any, funds that follow investment strategies similar to those of the Funds due to the unique nature of the Funds’ investment strategies among registered funds, thus making it difficult to identify appropriate peer groups for the Funds and that the peer groups identified were based on an assessment of how the Adviser and the Funds’ third-party administrator believed Morningstar would likely categorize the Funds. The Board, including the Independent Trustees, concluded that each Fund’s performance in light of all relevant factors supported the renewal of the Existing Agreement relating to that Fund.

In considering the cost of services provided and the benefits realized by the Adviser from its relationship with each Fund, the Board considered the fees paid under each Existing Agreement, the expense ratio for each Fund and any contractual expense limitation undertaken by the Adviser. In considering the appropriateness of the management fees, expense ratios and expense limitations applicable to the Funds, the Board also compared this data against the corresponding information for the funds in the applicable peer group. The Board took into consideration information provided by the Adviser relating to the Adviser’s financial health, profitability and the benefits that the Adviser derives from the Existing Agreements. The Board also noted that the Adviser may receive reputational benefits from its relationships with the Funds. Based on the foregoing information and other factors deemed relevant, the Board, including the Independent Trustees, concluded that the management fee arrangements applicable to each of the Funds pursuant to the Existing Agreements were fair and reasonable and that the costs of the services the Adviser provided and the related benefits to the Adviser in respect of its relationships with the Funds supported the continuation of the Existing Agreements.

Finally, the Board considered the extent to which economies of scale in the provision of services by the Adviser would be realized as the Funds grow and whether the Funds’ fee levels reflect such economies of scale, such as through breakpoints in their investment management fees or through expense waiver and/or limitation agreements. The Board noted the Adviser’s views regarding its ability to achieve economies of scale in respect of the different asset classes represented by the Funds’ investment programs. In addition, the Board noted that each of the Funds was subject to a contractual expense limitation agreement. The Board noted that the Adviser generally sets the expense limitations for the Funds, if any, at levels that it believes reflect market levels for the services provided to, and expenses borne by, the Funds. After reviewing this and related information, the Board, including the Independent Trustees, concluded that the extent to which economies of scale currently are shared with the Funds supported the continuation of the Existing Agreements.

Based on a consideration and evaluation of all factors deemed to be relevant, including the foregoing matters and the Board’s determination that the continuation of each of the Existing Agreements was in the best interests of the shareholders, the Board, including the Independent Trustees, concluded that each of the Existing Agreements should be continued for a one-year period.

Stone Ridge Funds Annual Report October 31, 2022

176

Additional Information (Unaudited)

2. Disclosure Regarding Fund Trustees and Officers

Independent Trustees(1)
NAME (YEAR OF BIRTH)	POSITION(S) HELD WITH THE TRUST	TERM OF OFFICE AND LENGTH OF TIME SERVED(2)	PRINCIPAL OCCUPATION(S) DURING THE PAST 5 YEARS	NUMBER OF PORTFOLIOS IN THE FUND COMPLEX OVERSEEN BY TRUSTEE(3)	OTHER DIRECTORSHIPS / TRUSTEESHIPS HELD BY TRUSTEE DURING THE PAST 5 YEARS
Jeffery Ekberg (1965)	Trustee	since 2013	Self-employed (personal investing), since 2011; Principal, TPG Capital, L.P. (private equity firm) until 2011; Chief Financial Officer, Newbridge Capital, LLC (subsidiary of TPG Capital, L.P.) until 2011	50	None.
Daniel Charney (1970)	Trustee	since 2013	Co-President, Cowen and Company, Cowen Inc. (financial services firm) since 2012	50	None.
Interested Trustee
NAME (YEAR OF BIRTH)	POSITION(S) HELD WITH THE TRUST	TERM OF OFFICE AND LENGTH OF TIME SERVED(2)	PRINCIPAL OCCUPATION(S) DURING THE PAST 5 YEARS	NUMBER OF PORTFOLIOS IN THE FUND COMPLEX OVERSEEN BY TRUSTEE(3)	OTHER DIRECTORSHIPS / TRUSTEESHIPS HELD BY TRUSTEE DURING THE PAST 5 YEARS
Ross Stevens(4) (1969)	Trustee, Chairman	since 2013	Founder and Chief Executive Officer of Stone Ridge since 2012	50	None.

(1) Information as of October 31, 2022.

(2) Each Trustee serves until resignation or removal from the Board.

(3) The Fund Complex includes the Trust and Stone Ridge Trust II, Stone Ridge Trust IV, Stone Ridge Trust V, Stone Ridge Residential Real Estate Income Fund I, Inc., Stone Ridge Longevity Risk Premium Fixed Income Master Trust 2045 and trusts that invest substantially all of their assets in a series of Stone Ridge Longevity Risk Premium Fixed Income Master Trust 2045, other investment companies managed by the Adviser.

(4) Mr. Stevens is an “interested person” of the Trust, as defined in Section 2(a)(19) of the 1940 Act, due to his position with the Adviser.

The Statement of Additional Information includes additional information about the Funds’ Trustees and is available free of charge upon request by calling the Funds toll free at 1.855.609.3680.

Stone Ridge Funds Annual Report October 31, 2022

177

Additional Information (Unaudited)

Officers of the Trust
NAME (YEAR OF BIRTH) AND ADDRESS(1)(2)	POSITION(S) HELD WITH THE TRUST	TERM OF OFFICE AND LENGTH OF TIME SERVED(3)	PRINCIPAL OCCUPATION(S) DURING PAST 5 YEARS
Ross Stevens (1969)	President, Chief Executive Officer and Principal Executive Officer	since 2013	Founder of Stone Ridge Asset Management LLC, Chief Executive Officer of the Adviser, since 2012.
Lauren D. Macioce (1978)	Chief Compliance Officer, Secretary, Chief Legal Officer and Anti-Money Laundering Compliance Officer	since 2016	General Counsel and Chief Compliance Officer of the Adviser, since 2016.
Anthony Zuco (1975)	Treasurer, Principal Financial Officer, Chief Financial Officer and Chief Accounting Officer	since 2018	Supervising Fund Controller at the Adviser, since 2015.
Alexander Nyren (1980)	Assistant Secretary	since 2018	Head of Reinsurance of the Adviser, since 2018; member of Reinsurance portfolio management team at the Adviser, since 2013.
Leson Lee (1975)	Assistant Treasurer	since 2019	Member of Operations at the Adviser, since 2018; prior to that Treasury Manager at Eton Park Capital Management (investment advisory firm).
Domingo Encarnacion (1983)	Assistant Treasurer	since 2020	Tax Manager at the Adviser, since 2016.

(1) Each officer’s mailing address is c/o Stone Ridge Asset Management LLC, 510 Madison Avenue, 21^st Floor, New York, NY 10022.

(2) Each of the officers is an affiliated person of the Adviser as a result of his or her position with the Adviser.

(3) The term of office of each officer is indefinite.

3. Shareholder Notification of Federal Tax Status

For the fiscal year ended October 31, 2022, certain dividends paid by the Funds may be subject to a maximum tax rate of 15%, as provided for by the Jobs and Growth Tax Relief Reconciliation Act of 2003. The percentage of dividends declared from ordinary income designated as qualified dividend income was as follows:

	PERCENTAGES
High Yield Reinsurance Fund		0.00	%
U.S. Hedged Equity Fund		0.00	%
Diversified Alternatives Fund		0.00	%

For corporate shareholders, the percent of ordinary income distributions qualifying for the corporate dividends received deduction for the fiscal year October 31, 2022 was as follows:

	PERCENTAGES
High Yield Reinsurance Fund		0.00	%
U.S. Hedged Equity Fund		0.00	%
Diversified Alternatives Fund		0.00	%

Stone Ridge Funds Annual Report October 31, 2022

178

Additional Information (Unaudited)

The percentage of taxable ordinary income distributions that are designated as short-term capital gain distributions under Internal Revenue Section 871(k)(2)(C) for each Fund were as follows:

	PERCENTAGES
High Yield Reinsurance Fund		0.00	%
U.S. Hedged Equity Fund		100.00	%
Diversified Alternatives Fund		0.00	%

The percentage of taxable ordinary income distributions that are designated as interest related dividends under Internal Revenue Section 871(k)(1)(C) for each Fund were as follows:

	PERCENTAGES
High Yield Reinsurance Fund		0.00	%
U.S. Hedged Equity Fund		3.69	%
Diversified Alternatives Fund		6.03	%

Shareholders should not use the above information to prepare their tax returns. Since the Funds’ fiscal year is not the calendar year, another notification is available with respect to calendar year 2022. Such notification, which reflects the amount to be used by calendar year taxpayers on their Federal income tax returns, will be made in conjunction with shareholder year-end tax reporting in February 2023. Shareholders are advised to consult their own tax advisors with respect to the tax consequences of their investment in the Fund.

4. Availability of Quarterly Portfolio Holdings Schedules

The Funds are required to file their complete schedule of portfolio holdings with the SEC for the first and third quarters of each fiscal year on Part F of Form N-PORT. The Funds’ filings on Part F of Form N-PORT are available without charge on the SEC’s website, www.sec.gov, or upon request by calling 1.855.609.3680.

5. Proxy Voting Policies and Procedures and Proxy Voting Record

A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available without charge, upon request by calling 1.855.609.3680 and on the SEC’s website, www.sec.gov. The Funds are required to file how they voted proxies related to portfolio securities during the most recent 12-month period ended June 30. The information is available without charge, upon request, by calling 1.855.609.3680 and on the SEC’s website, www.sec.gov.

6. Liquidity Risk Management Program

The Funds have adopted a liquidity risk management program (the “Program”) pursuant to Rule 22e-4 under the 1940 Act for the purpose of assessing and managing the Funds’ liquidity risk, which is the risk that a Fund could not meet requests to redeem shares issued by the Fund without significant dilution of remaining investors’ interests in the Fund. The Board has designated the Adviser to administer the Program, and the Adviser has established a Liquidity Risk Management Committee to be responsible for the Program’s operation. Under the Program, the Liquidity Risk Management Committee manages the Funds’ liquidity risk by monitoring the liquidity of each Fund’s investments, limiting the amount of each Fund’s illiquid investments, and utilizing various risk management tools available to the Funds for meeting shareholder redemptions, among other means. From November 1, 2021, through October 31, 2022, the Program supported the Funds’ ability to honor redemption requests timely and the Adviser’s management of the Funds’ liquidity risk. There can be no assurance that the Program will achieve its objectives under all circumstances in the future. Please refer to each Fund’s prospectus for more information regarding the Fund’s exposure to liquidity risk and other risks to which it may be subject.

Stone Ridge Funds Annual Report October 31, 2022

179

Investment Adviser

Stone Ridge Asset Management LLC

510 Madison Avenue, 21st Floor

New York, NY 10022

Independent Registered Public Accounting Firm

Ernst & Young LLP

700 Nicollet Mall, Suite 500

Minneapolis, MN 55402

Legal Counsel

Ropes & Gray LLP

Prudential Tower

800 Boylston Street

Boston, MA 02199

Custodians

U.S. Bank, N.A.

1555 North RiverCenter Drive, Suite 302

Milwaukee, WI 53212

Millennium Trust Company, LLC

2001 Spring Road #700

Oak Brook, IL 60523

Distributor

ALPS Distributors, Inc.

1290 Broadway, Suite 1000

Denver, CO 80203

Administrator, Transfer Agent and Dividend Disbursing Agent

U.S. Bancorp Fund Services, LLC,

doing business as U.S. Bank Global Fund Services

615 East Michigan Street

Milwaukee, WI 53202

This report has been prepared for shareholders and must be preceded or accompanied by an effective prospectus, which includes information regarding the Funds’ investment objectives, risks, experience of its management and other information.

Stone Ridge Funds P.O. Box 701 Milwaukee, WI 53201-0701   855-609-3680 www.stoneridgefunds.com   SQANNU

(b) Not applicable.

Item 2. Code of Ethics.

The registrant has adopted a code of ethics that applies to the registrant’s principal executive officer and principal financial officer. The registrant has not made any substantive amendments to its code of ethics during the period covered by this report. The registrant has not granted any waivers from any provisions of the code of ethics during the period covered by this report.

A copy of the registrant’s Code of Ethics is filed herewith.

Item 3. Audit Committee Financial Expert.

The registrant’s board of trustees has determined that there is at least one audit committee financial expert serving on its audit committee. Jeffery Ekberg is the “audit committee financial expert” and is considered to be “independent” as each term is defined in Item 3 of Form N-CSR.

Item 4. Principal Accountant Fees and Services.

(a) - (d) The following table details the aggregate fees billed or expected to be billed for each of the last two fiscal years for audit fees, audit-related fees, tax fees and all other fees by the principal accountant. “Audit fees” includes amounts related to an audit of the registrant’s annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years. “Audit-related fees” covers the assurance and related services by the principal accountant that are reasonably related to the performance of the audit of the registrant’s annual financial statements and are not covered under “audit fees,” including review of the Fund’s prospectus. “Tax fees” covers the professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning, including review of the Funds’ tax returns, asset diversification and income testing, excise taxes, and fiscal year end income calculations. “All other fees” covers the aggregate fees for products and services provided by the principal accountant, other than the services reported in the foregoing three categories.

	FYE 10/31/2022	FYE 10/31/2021
Audit Fees	$314,250	$282,438
Audit-Related Fees	$71,550	$75,000
Tax Fees	$117,750*	$96,400
All Other Fees	$0	$0

* $19,600 consists of fees related to Stone Ridge Bitcoin Strategy Fund, which was liquidated on October 21, 2022.

(e)(1) To the extent required by applicable law, pre-approval by the audit committee is needed for all audit and permissible non-audit services rendered to the registrant and all permissible non-audit services rendered to Stone Ridge Asset Management LLC (the “Adviser”) or to various entities either controlling, controlled by, or under common control with the Adviser that provide ongoing services to the registrant if the services relate directly to the operations and financial reporting of the registrant. Pre-approval is currently on an engagement-by-engagement basis.

1

(e)(2) The percentage of fees billed by Ernst & Young, LLP applicable to non-audit services that were approved by the audit committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X (which permits waiver of pre-approval, if certain conditions are satisfied) were as follows:

	FYE 10/31/2022	FYE 10/31/2021
Audit-Related Fees	0%	0%
Tax Fees	0%	0%
All Other Fees	0%	0%

(f) All of the principal accountant’s hours spent on auditing the registrant’s financial statements were attributed to work performed by full-time permanent employees of the principal accountant.

(g) The following table indicates the non-audit fees billed or expected to be billed by the registrant’s accountant for services to the registrant and to the registrant’s investment adviser and any entity controlling, controlled by, or under common control with the registrant’s investment adviser that provides ongoing services to the registrant for the last two fiscal years of the registrant.

Non-Audit Related Fees	FYE 10/31/2022	FYE 10/31/2021
Registrant	$117,750*	$96,400
Registrant’s Investment Adviser	$133,892	$172,900

* $19,600 consists of fees related to Stone Ridge Bitcoin Strategy Fund, which was liquidated on October 21, 2022.

(h) The audit committee of the board of trustees has considered whether the provision of any non-audit services that were rendered to the registrant’s investment adviser and any entity controlling, controlled by, or under common control with the registrant’s investment adviser that provides ongoing services to the registrant that were not pre-approved pursuant to paragraph (c)(7)(ii) of Rule 2-01 of Regulation S-X is compatible with maintaining the principal accountant’s independence.

Item 5. Audit Committee of Listed Registrants.

Not applicable to registrants who are not listed issuers (as defined in Rule 10A-3 under the Securities Exchange Act of 1934).

Item 6. Investments.

(a) Schedule of Investments is included as part of the report to shareholders filed under Item 1 of this Form N-CSR.

(b) Not applicable.

Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

Not applicable to open-end investment companies.

2

Item 8. Portfolio Managers of Closed-End Management Investment Companies.

Not applicable to open-end investment companies.

Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.

Not applicable to open-end investment companies.

Item 10. Submission of Matters to a Vote of Security Holders.

Not applicable.

Item 11. Controls and Procedures.

(a) The registrant’s President and Treasurer have reviewed the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “Act”)) as of a date within 90 days of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934. Based on their review, such officers have concluded that the disclosure controls and procedures are effective in ensuring that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known to them by others within the registrant and by the registrant’s service provider.

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Act) that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies

Not applicable to open-end investment companies.

Item 13. Exhibits.

(a) (1) Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit. Filed herewith.

(2) A separate certification for each principal executive officer and principal financial officer pursuant to Section  302 of the Sarbanes-Oxley Act of 2002. Filed herewith.

(3) Any written solicitation to purchase securities under Rule 23c-1 under the Act sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons. Not applicable.

(4) Change in the registrant’s independent public accountant. There was no change in the registrant’s independent public accountant for the period covered by this report.

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(b) Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002. Furnished herewith.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Stone Ridge Trust                                                 

By (Signature and Title) /s/ Ross Stevens                                                                 

                                                 Ross Stevens, President, Chief Executive Officer and

                                                 Principal Executive Officer

Date 1/9/23                                                                             

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title) /s/ Ross Stevens                                                                 

                                                 Ross Stevens, President, Chief Executive Officer and

                                                 Principal Executive Officer

Date 1/9/23                                                                             

By (Signature and Title) /s/ Anthony Zuco                                                                   

                                                 Anthony Zuco, Treasurer, Principal Financial Officer, Chief

                                                 Financial Officer and Chief Accounting Officer

Date 1/9/23                                                                             

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