Stone Ridge Trust N-CSRS Certified semi-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, 65th Floor

New York, New York 10017

(Address of principal executive offices) (Zip code)

Stone Ridge Asset Management LLC

One Vanderbilt Avenue, 65th 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, 2023

Date of reporting period: April 30, 2023

Item 1. Reports to Stockholders.

(a)

Semi-Annual Report

April 30, 2023

Unaudited

Stone Ridge High Yield Reinsurance Risk Premium Fund

Stone Ridge Diversified Alternatives Fund

Table of Contents

Portfolio Holdings Presentation (Unaudited)	2
Schedules of Investments (Unaudited)
Stone Ridge High Yield Reinsurance Risk Premium Fund	3
Stone Ridge Diversified Alternatives Fund	16
Financial Statements and Notes (Unaudited)	136
Expense Examples (Unaudited)	168
Additional Information (Unaudited)	170

ALLOCATION OF PORTFOLIO HOLDINGS AT APRIL 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND PORTFOLIO ALLOCATION BY YEAR OF SCHEDULED MATURITY
2023	$169,713,099	10.2%
2024	387,105,466	23.2%
2025	364,365,756	21.9%
2026	229,951,765	13.8%
2027	52,574,698	3.2%
2028	50,029,676	3.0%
2029	69,776,512	4.2%
2030	115,451,758	6.9%
2031	7,280,539	0.4%
Not Applicable(1)	189,171,287	11.4%
Other(2)	30,696,921	1.8%
Net Assets	$1,666,117,477

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND PORTFOLIO ALLOCATION BY YEAR OF SCHEDULED MATURITY
2023	$22,037,573	4.0%
2024	61,274,156	11.2%
2025	45,958,590	8.4%
2026	63,092,179	11.6%
2027	8,705,581	1.6%
2028	31,571,040	5.8%
2029	12,660,018	2.3%
2030	14,159,737	2.6%
2031	953,790	0.2%
2032	12,475,476	2.3%
2038	5,946,842	1.1%
2039	5,656,235	1.0%
2040	5,685,738	1.0%
Other(3)	255,470,045	47.8%
Net Assets	$545,647,000

(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, investment companies, short-term investments 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 Semi-Annual Report April 30, 2023

2

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
EVENT LINKED BONDS - 81.9%
Chile - 0.9%
Earthquake - 0.9%
IBRD CAR 131 (SOFR + 4.750%), 03/31/2026 (b)(c)(d)(e) (Cost: $15,017,000; Original Acquisition Date: 03/17/2023)	$	15,017,000	$	15,193,450
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		471,952
Terrorism - 0.1%
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		2,111,348
Windstorm - 0.2%
Hexagon III Re Pte. Class B (3 Month Euribor + 10.609%), 01/15/2026 (b)(c)(d)(e) (Cost: $2,250,098; Original Acquisition Date: 11/23/2021)	EUR	2,000,000		2,151,358
				4,734,658
Global - 10.4%
Multiperil - 10.3%
2001 Cat Re 2020-1 Class A (T-Bill 3 Month + 12.660%), 01/08/2024 (b)(c)(d)(e) (Cost: $5,084,000; Original Acquisition Date: 11/13/2020)	$	5,084,000		4,872,251
3264 Re 2022-1 Class A (T-Bill 3 Month + 19.000%), 01/08/2025 (b)(c)(d)(e) (Cost: $7,957,000; Original Acquisition Date: 12/16/2021)		7,957,000		6,366,793
Atlas Capital 2020 DAC 2020-1 (T-Bill 3 Month + 8.300%), 06/10/2024 (b)(c)(d)(e)(f) (Cost: $6,954,000; Original Acquisition Date: 04/23/2020)		6,954,000		6,737,731
Atlas Capital 2022 DAC 2022-1 Class A (SOFR + 9.500%), 06/06/2025 (b)(c)(d)(e)(f) (Cost: $16,798,000; Original Acquisition Date: 05/24/2022)		16,798,000		15,927,024
Atlas Capital UK 2019 PLC 2019-1 (3 Month Libor USD + 11.600%), 06/07/2023 (b)(c)(d)(e)(f) (Cost: $3,922,000; Original Acquisition Date: 05/24/2019)		3,922,000		3,898,860

	PRINCIPAL AMOUNT		VALUE
Multiperil - 10.3% (continued)
Claveau Re 2021-1 Class A (T-Bill 3 Month + 17.250%), 07/08/2025 (b)(c)(d)(e)(g) (Cost: $8,841,000; Original Acquisition Date: 07/01/2021)	$	8,841,000	$	4,862,550
Herbie Re 2021-1 Class A (T-Bill 3 Month + 17.250%), 06/06/2025 (b)(c)(d)(e) (Cost: $5,084,000; Original Acquisition Date: 05/19/2021)		5,084,000		3,304,600
Hypatia Ltd. 2020-1 Class A (T-Bill 3 Month + 7.325%), 06/07/2023 (b)(c)(d)(e)(f) (Cost: $3,327,000; Original Acquisition Date: 07/10/2020)		3,327,000		3,324,505
Hypatia Ltd. 2020-1 Class B (T-Bill 3 Month + 10.275%), 06/07/2023 (b)(c)(d)(e) (Cost: $5,118,000; Original Acquisition Date: 07/10/2020)		5,118,000		4,988,770
Kendall Re 2021-1 Class A (T-Bill 3 Month + 4.000%), 05/02/2024 (b)(c)(d)(e) (Cost: $11,691,746; Original Acquisition Date: 04/19/2021)		11,715,000		10,997,456
Kendall Re 2021-1 Class B (T-Bill 3 Month + 6.240%), 05/02/2024 (b)(c)(d)(e) (Cost: $7,515,000; Original Acquisition Date: 04/19/2021)		7,515,000		7,040,428
Kilimanjaro III Re 2021-1 Class A-1 (T-Bill 3 Month + 12.360%), 04/21/2025 (b)(c)(d)(e) (Cost: $7,299,805; Original Acquisition Date: 04/08/2021)		7,294,000		6,048,185
Kilimanjaro III Re 2021-1 Class B-1 (T-Bill 3 Month + 4.860%), 04/21/2025 (b)(c)(d)(e) (Cost: $2,500,000; Original Acquisition Date: 04/08/2021)		2,500,000		2,267,500
Kilimanjaro III Re 2021-1 Class C-1 (T-Bill 3 Month + 4.560%), 04/21/2025 (b)(c)(d)(e) (Cost: $5,488,969; Original Acquisition Date: 04/08/2021)		5,526,000		5,028,660
Kilimanjaro III Re 2021-2 Class A-2 (T-Bill 3 Month + 12.360%), 04/20/2026 (b)(c)(d)(e) (Cost: $5,968,000; Original Acquisition Date: 04/08/2021)		5,968,000		4,581,037
Kilimanjaro III Re 2021-2 Class B-2 (T-Bill 3 Month + 4.860%), 04/20/2026 (b)(c)(d)(e) (Cost: $2,652,000; Original Acquisition Date: 04/08/2021)		2,652,000		2,308,831

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

3

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 10.3% (continued)
Kilimanjaro III Re 2021-2 Class C-2 (T-Bill 3 Month + 4.560%), 04/20/2026 (b)(c)(d)(e)(f) (Cost: $2,431,000; Original Acquisition Date: 04/08/2021)	$	2,431,000	$	2,127,854
Kilimanjaro III Re 2022-1 Class A (T-Bill 3 Month + 5.250%), 06/25/2025 (b)(c)(d)(e) (Cost: $7,515,000; Original Acquisition Date: 06/15/2022)		7,515,000		7,111,069
Matterhorn Re Argon 2022-1 Class A (SOFR + 7.250%), 01/25/2027 (b)(c)(d)(e)(h) (Cost: $1,000,000; Original Acquisition Date: 03/31/2022)		1,000,000		985,532
Matterhorn Re Ltd 2020-2 Class A (T-Bill 3 Month + 5.000%), 01/08/2024 (b)(c)(d)(e)(h) (Cost: $6,757,815; Original Acquisition Date: 01/29/2020)		6,809,000		6,573,409
Matterhorn Re Ltd SR2021-1 Class A (SOFR + 5.750%), 12/08/2025 (b)(c)(d)(e) (Cost: $9,321,166; Original Acquisition Date: 12/15/2021)		9,495,000		8,416,368
Matterhorn Re Ltd SR2022-1 Class A (SOFR + 5.250%), 03/24/2025 (b)(c)(d)(e) (Cost: $3,536,000; Original Acquisition Date: 03/10/2022)		3,536,000		3,236,854
Matterhorn Re Ltd SR2022-1 Class B (SOFR + 7.750%), 03/24/2025 (b)(c)(d)(e) (Cost: $3,536,000; Original Acquisition Date: 03/10/2022)		3,536,000		3,235,440
Montoya Re 2022-1 Class A (T-Bill 3 Month + 6.750%), 04/07/2029 (b)(c)(d)(e) (Cost: $8,549,739; Original Acquisition Date: 03/23/2022)		8,553,000		8,310,522
Northshore Re II 2019-1 Class A (T-Bill 3 Month + 8.125%), 07/07/2023 (b)(c)(d)(e)(f) (Cost: $12,505,829; Original Acquisition Date: 06/21/2019)		12,462,000		12,354,827
Sakura Re 2021-1 Class A (T-Bill 3 Month + 2.250%), 04/07/2025 (b)(c)(d)(e)(f) (Cost: $5,526,000; Original Acquisition Date: 03/24/2021)		5,526,000		5,310,210
Sakura Re 2021-1 Class B (T-Bill 3 Month + 4.160%), 04/07/2025 (b)(c)(d)(e)(h) (Cost: $9,062,000; Original Acquisition Date: 03/24/2021)		9,062,000		8,671,881

	PRINCIPAL AMOUNT		VALUE
Multiperil - 10.3% (continued)
Vista Re 2021-1 Class A (T-Bill 3 Month + 6.360%), 05/21/2024 (b)(c)(d)(e)(f) (Cost: $13,262,000; Original Acquisition Date: 04/26/2021)	$	13,262,000	$	12,483,521
				171,372,668
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		1,950,800
				173,323,468
Jamaica - 0.8%
Windstorm - 0.8%
IBRD CAR 130 (SOFR + 4.400%), 12/29/2023 (b)(c)(d)(e) (Cost: $14,146,000; Original Acquisition Date: 07/19/2021)		14,146,000		13,933,103
Japan - 2.9%
Earthquake - 2.3%
Kizuna Re III 2021-1 Class A (T-Bill 3 Month + 2.000%), 04/07/2026 (b)(c)(d)(e) (Cost: $2,000,000; Original Acquisition Date: 03/22/2021)		2,000,000		1,922,200
Nakama Re 2020-1 Class 1 (T-Bill 3 Month + 2.200%), 01/07/2025 (b)(c)(d)(e)(h) (Cost: $1,129,000; Original Acquisition Date: 02/04/2020)		1,129,000		1,118,274
Nakama Re 2023-1 Class 2 (SOFR + 4.000%), 05/09/2028 (b)(c)(d)(e) (Cost: $6,781,000; Original Acquisition Date: 04/14/2023)		6,781,000		6,780,322
Nakama Re Pte. 2021-1 Class 1 (T-Bill 3 Month + 2.050%), 10/13/2026 (b)(c)(d)(e)(h)(f) (Cost: $19,451,000; Original Acquisition Date: 09/22/2021)		19,451,000		19,227,313
Nakama Re Pte. 2021-1 Class 2 (T-Bill 3 Month + 2.750%), 10/13/2026 (b)(c)(d)(e)(f) (Cost: $9,062,000; Original Acquisition Date: 09/22/2021)		9,062,000		8,651,945
				37,700,054
Multiperil - 0.3%
Tomoni Re Pte 2022-1 Class B-1 (T-Bill 3 Month + 2.750%), 04/07/2030 (b)(c)(d)(e) (Cost: $1,750,000; Original Acquisition Date: 03/28/2022)		1,750,000		1,677,462

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

4

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 0.3% (continued)
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	$	1,667,838
Umigame Re 2021-1 Class A-2 (T-Bill 3 Month + 2.500%), 04/07/2025 (b)(c)(d)(e) (Cost: $1,000,000; Original Acquisition Date: 06/18/2021)		1,000,000		959,000
Umigame Re 2021-1 Class B (T-Bill 3 Month + 4.750%), 04/07/2025 (b)(c)(d)(e)(h) (Cost: $750,000; Original Acquisition Date: 06/18/2021)		750,000		714,075
				5,018,375
Typhoon - 0.3%
Black Kite Re 2022-1 Class A (T-Bill 3 Month + 6.900%), 06/09/2025 (b)(c)(d)(e)(f) (Cost: $4,863,000; Original Acquisition Date: 05/27/2022)		4,863,000		4,635,169
				47,353,598
Mexico - 0.9%
Earthquake - 0.5%
IBRD CAR 125 Class A (3 Month Libor USD + 3.500%), 03/13/2024 (b)(c)(d)(e)(h) (Cost: $6,195,541; Original Acquisition Date: 02/28/2020)		6,194,000		6,160,552
IBRD CAR 126 Class B (3 Month Libor USD + 9.000%), 03/13/2024 (b)(c)(d)(e) (Cost: $2,756,719; Original Acquisition Date: 02/28/2020)		2,750,000		2,698,025
				8,858,577
Windstorm - 0.4%
IBRD CAR 127 Class C (3 Month Libor USD + 10.000%), 03/13/2024 (b)(c)(d)(e)(h) (Cost: $6,661,010; Original Acquisition Date: 02/28/2020)		6,649,000		6,468,147
				15,326,724
United States - 65.7%
Earthquake - 11.6%
Acorn Re 2021-1 Class A (T-Bill 3 Month + 2.500%), 11/07/2024 (b)(c)(d)(e)(h)(f) (Cost: $15,937,086; Original Acquisition Date: 10/25/2021)		16,166,000		15,444,996
Herbie Re 2022-1 Class A (T-Bill 3 Month + 12.500%), 01/08/2031 (b)(c)(d)(e) (Cost: $2,306,000; Original Acquisition Date: 11/18/2022)		2,306,000		2,360,767

	PRINCIPAL AMOUNT		VALUE
Earthquake - 11.6% (continued)
Logistics Re 2021-1 Class A (T-Bill 3 Month + 3.880%), 12/20/2024 (b)(c)(d)(e)(f) (Cost: $3,747,270; Original Acquisition Date: 12/10/2021)	$	3,757,000	$	3,612,731
Merna Re II 2021-1 Class A (T-Bill 3 Month + 3.930%), 04/05/2024 (b)(c)(d)(e)(f) (Cost: $3,094,000; Original Acquisition Date: 03/26/2021)		3,094,000		3,087,503
Merna Re II 2022-1 Class A (T-Bill 3 Month + 3.750%), 04/07/2025 (b)(c)(d)(e) (Cost: $8,841,000; Original Acquisition Date: 03/25/2022)		8,841,000		8,730,488
Phoenician Re 2020-1 Class A (T-Bill 3 Month + 3.016%), 12/14/2023 (b)(c)(d)(e) (Cost: $4,421,000; Original Acquisition Date: 11/24/2020)		4,421,000		4,364,632
Phoenician Re 2020-2 Class A (T-Bill 3 Month + 2.924%), 12/14/2023 (b)(c)(d)(e)(f) (Cost: $2,652,000; Original Acquisition Date: 12/08/2020)		2,652,000		2,617,259
Phoenician Re 2021-1 Class A (T-Bill 3 Month + 2.898%), 12/14/2028 (b)(c)(d)(e) (Cost: $6,036,279; Original Acquisition Date: 12/01/2021)		6,115,000		5,866,425
Sierra 2021-1 Class A (T-Bill 3 Month + 2.700%), 01/31/2024 (b)(c)(d)(e)(h) (Cost: $3,552,085; Original Acquisition Date: 01/25/2021)		3,584,000		3,500,851
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		966,950
Sutter Re 2020-1 Class A (T-Bill 3 Month + 5.000%), 05/23/2023 (b)(c)(d)(e) (Cost: $7,078,866; Original Acquisition Date: 01/11/2022)		7,073,000		7,072,646
Sutter Re 2020-1 Class F (T-Bill 3 Month + 8.500%), 05/23/2023 (b)(c)(d)(e) (Cost: $3,449,204; Original Acquisition Date: 10/04/2022)		3,466,000		3,463,054
Torrey Pines Re 2021-1 Class A (T-Bill 3 Month + 3.920%), 06/07/2024 (b)(c)(d)(e)(f) (Cost: $9,895,703; Original Acquisition Date: 03/12/2021)		9,902,000		9,637,617

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

5

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Earthquake - 11.6% (continued)
Torrey Pines Re 2021-1 Class B (T-Bill 3 Month + 4.770%), 06/07/2024 (b)(c)(d)(e) (Cost: $11,275,737; Original Acquisition Date: 03/12/2021)	$	11,272,000	$	10,865,644
Torrey Pines Re 2022-1 Class A (T-Bill 3 Month + 5.000%), 06/06/2025 (b)(c)(d)(e)(f) (Cost: $17,682,000; Original Acquisition Date: 05/10/2022)		17,682,000		17,235,530
Torrey Pines Re 2022-1 Class B (T-Bill 3 Month + 8.250%), 06/06/2025 (b)(c)(d)(e) (Cost: $11,936,000; Original Acquisition Date: 05/10/2022)		11,936,000		11,275,342
Ursa Re 2023-1 Class AA (T-Bill 3 Month + 5.500%), 12/06/2025 (b)(c)(d)(e) (Cost: $4,722,000; Original Acquisition Date: 04/12/2023)		4,722,000		4,719,639
Ursa Re 2023-1 Class C (T-Bill 3 Month + 8.250%), 12/06/2025 (b)(c)(d)(e) (Cost: $2,543,000; Original Acquisition Date: 04/12/2023)		2,543,000		2,541,729
Ursa Re II 2020-1 Class AA (T-Bill 3 Month + 3.940%), 12/07/2023 (b)(c)(d)(e)(f) (Cost: $18,806,731; Original Acquisition Date: 10/08/2020)		18,758,000		18,628,570
Ursa Re II 2020-1 Class D (T-Bill 3 Month + 6.310%), 12/07/2023 (b)(c)(d)(e) (Cost: $21,198,548; Original Acquisition Date: 01/31/2023)		21,307,000		21,191,942
Ursa Re II 2021-1 Class F (T-Bill 3 Month + 6.190%), 12/06/2024 (b)(c)(d)(e) (Cost: $8,620,000; Original Acquisition Date: 02/25/2021)		8,620,000		7,973,500
Ursa Re II 2022-1 Class A (T-Bill 3 Month + 5.000%), 06/16/2025 (b)(c)(d)(e)(f) (Cost: $11,272,000; Original Acquisition Date: 05/27/2022)		11,272,000		10,917,496
Ursa Re II 2022-1 Class E (T-Bill 3 Month + 7.750%), 06/16/2025 (b)(c)(d)(e)(h) (Cost: $3,094,000; Original Acquisition Date: 05/27/2022)		3,094,000		2,922,283
Ursa Re II 2022-2 Class AA (T-Bill 3 Month + 7.000%), 12/06/2025 (b)(c)(d)(e) (Cost: $2,419,000; Original Acquisition Date: 12/08/2022)		2,419,000		2,476,209

	PRINCIPAL AMOUNT		VALUE
Earthquake - 11.6% (continued)
Ursa Re II 2022-2 Class C (T-Bill 3 Month + 10.250%), 12/06/2025 (b)(c)(d)(e) (Cost: $1,759,000; Original Acquisition Date: 12/08/2022)	$	1,759,000	$	1,818,454
Veraison Re 2023-1 Class A (T-Bill 3 Month + 6.500%), 03/10/2031 (b)(c)(d)(e) (Cost: $4,854,000; Original Acquisition Date: 12/14/2022)		4,854,000		4,919,772
Veraison Re 2023-1 Class B (T-Bill 3 Month + 12.000%), 03/09/2026 (b)(c)(d)(e) (Cost: $4,660,000; Original Acquisition Date: 12/14/2022)		4,660,000		4,763,918
Wrigley Re 2021-1 Class A (T-Bill 3 Month + 2.400%), 07/08/2024 (b)(c)(d)(e)(h) (Cost: $750,000; Original Acquisition Date: 06/17/2021)		750,000		718,313
				193,694,260
Fire - 0.9%
Power Protective Re 2020-1 Class A (T-Bill 3 Month + 10.750%), 12/15/2023 (b)(c)(d)(e) (Cost: $3,536,000; Original Acquisition Date: 12/03/2020)		3,536,000		3,406,759
Power Protective Re 2021-1 Class A (T-Bill 3 Month + 15.000%), 10/09/2024 (b)(c)(d)(e) (Cost: $2,431,000; Original Acquisition Date: 09/29/2021)		2,431,000		2,368,280
SD Re 2020-1 Class A (T-Bill 3 Month + 9.750%), 07/14/2023 (b)(c)(d)(e)(h) (Cost: $1,438,000; Original Acquisition Date: 07/02/2020)		1,438,000		1,436,778
SD Re 2021-1 Class A (T-Bill 3 Month + 8.750%), 11/19/2024 (b)(c)(d)(e)(f) (Cost: $2,431,000; Original Acquisition Date: 10/18/2021)		2,431,000		2,318,323
SD Re 2021-1 Class B (T-Bill 3 Month + 9.250%), 11/19/2024 (b)(c)(d)(e) (Cost: $6,852,000; Original Acquisition Date: 10/18/2021)		6,852,000		6,598,819
				16,128,959
Flood - 4.2%
FloodSmart Re 2021-1 Class A (T-Bill 3 Month + 13.580%), 03/01/2024 (b)(c)(d)(e)(f) (Cost: $23,399,887; Original Acquisition Date: 02/16/2021)		23,429,000		20,376,201

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

6

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Flood - 4.2% (continued)
FloodSmart Re 2021-1 Class B (T-Bill 3 Month + 17.330%), 03/01/2024 (b)(c)(d)(e) (Cost: $7,046,077; Original Acquisition Date: 02/16/2021)	$	7,073,000	$	5,265,848
FloodSmart Re 2022-1 Class A (T-Bill 3 Month + 11.250%), 02/26/2029 (b)(c)(d)(e)(h)(f) (Cost: $19,451,000; Original Acquisition Date: 02/14/2022)		19,451,000		18,005,791
FloodSmart Re 2022-1 Class B (T-Bill 3 Month + 13.750%), 02/26/2029 (b)(c)(d)(e) (Cost: $6,631,000; Original Acquisition Date: 02/14/2022)		6,631,000		5,921,815
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		1,443,400
FloodSmart Re 2023-1 Class A (T-Bill 3 Month + 16.250%), 03/11/2030 (b)(c)(d)(e) (Cost: $15,030,000; Original Acquisition Date: 02/24/2023)		15,030,000		15,015,721
FloodSmart Re 2023-1 Class B (T-Bill 3 Month + 21.500%), 03/11/2030 (b)(c)(d)(e) (Cost: $3,536,000; Original Acquisition Date: 02/24/2023)		3,536,000		3,531,757
				69,560,533
Mortality/Longevity/Disease - 2.0%
La Vie Re 2020-1 Class A (3 Month Libor USD + 2.850%), 10/06/2023 (b)(c)(d)(e)(f) (Cost: $2,250,000; Original Acquisition Date: 10/19/2020)		2,250,000		2,216,138
Vita Capital VI 2021-1 Class B (SOFR + 3.124%), 01/08/2026 (b)(c)(d)(e)(f) (Cost: $9,839,553; Original Acquisition Date: 07/02/2021)		9,947,000		9,582,442
Vitality Re XI Limited 2020 Class A (T-Bill 3 Month + 1.500%), 01/09/2024 (b)(c)(d)(e)(f) (Cost: $2,191,843; Original Acquisition Date: 01/23/2020)		2,200,000		2,168,430
Vitality Re XI Limited 2020 Class B (T-Bill 3 Month + 1.800%), 01/09/2024 (b)(c)(d)(e) (Cost: $3,280,741; Original Acquisition Date: 01/23/2020)		3,315,000		3,253,838
Vitality Re XII 2021 Class A (T-Bill 3 Month + 2.250%), 01/07/2025 (b)(c)(d)(e)(f) (Cost: $6,971,159; Original Acquisition Date: 01/29/2021)		7,020,000		6,866,262

	PRINCIPAL AMOUNT		VALUE
Mortality/Longevity/Disease - 2.0% (continued)
Vitality Re XII 2021 Class B (T-Bill 3 Month + 2.750%), 01/07/2025 (b)(c)(d)(e) (Cost: $2,652,000; Original Acquisition Date: 01/29/2021)	$	2,652,000	$	2,578,407
Vitality Re XIII 2022 Class A (T-Bill 3 Month + 2.000%), 01/06/2026 (b)(c)(d)(e) (Cost: $3,698,859; Original Acquisition Date: 01/04/2023)		3,880,000		3,737,604
Vitality Re XIV 2023 Class B (T-Bill 3 Month + 4.500%), 01/05/2027 (b)(c)(d)(e) (Cost: $2,416,000; Original Acquisition Date: 01/25/2023)		2,416,000		2,415,275
				32,818,396
Multiperil - 25.5%
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		1,188,600
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		1,378,125
Bonanza Re 2020-1 Class A (T-Bill 3 Month + 4.870%), 02/20/2024 (b)(c)(d)(e) (Cost: $9,995,223; Original Acquisition Date: 02/13/2020)		9,968,000		8,579,458
Bonanza Re 2023-1 Class B (T-Bill 3 Month + 0.000%), 01/08/2024 (b)(c)(d)(e)(h) (Cost: $2,008,514; Original Acquisition Date: 01/06/2023)		2,329,000		1,937,029
Bowline Re 2022-1 Class A (T-Bill 3 Month + 6.350%), 05/23/2029 (b)(c)(d)(e)(h) (Cost: $2,625,000; Original Acquisition Date: 05/12/2022)		2,652,000		2,469,410
Bowline Re 2022-1 Class B (T-Bill 3 Month + 17.000%), 05/23/2029 (b)(c)(d)(e) (Cost: $2,431,000; Original Acquisition Date: 05/12/2022)		2,431,000		2,295,958
Bowline Re 2022-1 Class C (T-Bill 3 Month + 7.750%), 05/23/2029 (b)(c)(d)(e)(f) (Cost: $2,500,000; Original Acquisition Date: 05/12/2022)		2,500,000		2,408,500
Caelus Re 2018-1 Class A (T-Bill 3 Month + 0.500%), 06/09/2025 (b)(c)(d)(e)(g) (Cost: $2,319,000; Original Acquisition Date: 05/04/2018)		2,319,000		1,704,465

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

7

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 25.5% (continued)
Caelus Re 2018-1 Class B (T-Bill 3 Month + 0.100%), 06/09/2025 (b)(c)(d)(e)(g) (Cost: $1,902,959; Original Acquisition Date: 05/04/2018)	$	1,905,000	$	23,908
Caelus Re 2018-1 Class C (T-Bill 3 Month + 0.100%), 06/09/2025 (b)(c)(d)(e)(g) (Cost: $2,460,000; Original Acquisition Date: 05/04/2018)		2,460,000		12,423
Caelus Re 2020-1 Class A-1 (T-Bill 3 Month + 5.380%), 06/07/2023 (b)(c)(d)(e) (Cost: $6,066,034; Original Acquisition Date: 02/20/2020)		6,069,000		6,017,413
Caelus Re 2020-1 Class B-1 (T-Bill 3 Month + 5.380%), 06/07/2024 (b)(c)(d)(e) (Cost: $3,536,000; Original Acquisition Date: 02/20/2020)		3,536,000		3,393,146
Caelus Re V 2017-1 Class B (T-Bill 3 Month + 0.100%), 06/05/2024 (b)(c)(d)(e)(g) (Cost: $129,700; Original Acquisition Date: 04/27/2017)		129,700		107,002
Caelus Re V 2017-1 Class C (T-Bill 3 Month + 0.100%), 06/05/2024 (b)(c)(d)(e)(g) (Cost: $830,000; Original Acquisition Date: 04/27/2017)		830,000		39,591
Easton Re 2020-1 Class A (T-Bill 3 Month + 4.530%), 01/08/2024 (b)(c)(d)(e) (Cost: $7,453,199; Original Acquisition Date: 12/15/2020)		7,473,000		7,257,404
Espada Reinsurance 2016-1 Class 20 (T-Bill 3 Month + 0.500%), 06/06/2023 (b)(c)(d)(e)(g) (Cost: $10,786; Original Acquisition Date: 02/12/2016)		10,786		—
Finca Re 2022-1 Class A (T-Bill 3 Month + 7.750%), 06/07/2029 (b)(c)(d)(e) (Cost: $3,094,000; Original Acquisition Date: 06/28/2022)		3,094,000		2,998,705
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		702,712
Four Lakes Re 2020-1 Class B (T-Bill 3 Month + 10.160%), 01/05/2024 (b)(c)(d)(e) (Cost: $3,328,675; Original Acquisition Date: 11/05/2020)		3,315,000		2,973,555

	PRINCIPAL AMOUNT		VALUE
Multiperil - 25.5% (continued)
Four Lakes Re 2021-1 Class A (T-Bill 3 Month + 4.270%), 07/01/2025 (b)(c)(d)(e) (Cost: $3,094,000; Original Acquisition Date: 12/15/2021)	$	3,094,000	$	2,871,387
Four Lakes Re 2022-1 Class A (T-Bill 3 Month + 6.500%), 01/07/2030 (b)(c)(d)(e) (Cost: $1,313,000; Original Acquisition Date: 12/22/2022)		1,313,000		1,311,162
Galileo Re 2019-1 Class C (T-Bill 3 Month + 9.870%), 01/08/2024 (b)(c)(d)(e)(f) (Cost: $2,652,000; Original Acquisition Date: 12/06/2019)		2,652,000		2,527,489
Galileo Re 2019-1 Class D (T-Bill 3 Month + 8.070%), 01/08/2024 (b)(c)(d)(e)(h) (Cost: $2,000,000; Original Acquisition Date: 12/06/2019)		2,000,000		1,921,500
Herbie Re 2020-1 Class A (T-Bill 3 Month + 9.130%), 07/08/2024 (b)(c)(d)(e) (Cost: $6,100,000; Original Acquisition Date: 06/09/2020)		6,100,000		5,642,805
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		1,123,562
Herbie Re 2020-2 Class B (T-Bill 3 Month + 9.720%), 01/08/2025 (b)(c)(d)(e) (Cost: $3,579,862; Original Acquisition Date: 10/19/2020)		3,536,000		3,261,253
Herbie Re 2020-2 Class C (T-Bill 3 Month + 15.850%), 01/08/2026 (b)(c)(d)(e) (Cost: $933,443; Original Acquisition Date: 10/19/2020)		933,284		483,348
Hypatia Ltd. 2023-1 Class A (T-Bill 3 Month + 9.500%), 04/08/2026 (b)(c)(d)(e) (Cost: $2,761,000; Original Acquisition Date: 03/27/2023)		2,761,000		2,759,482
Kilimanjaro III Re 2019-1 Class A-1 (T-Bill 3 Month + 16.660%), 12/19/2023 (b)(c)(d)(e)(g) (Cost: $5,968,000; Original Acquisition Date: 12/09/2019)		5,968,000		3,282,400
Kilimanjaro III Re 2019-1 Class A-2 (T-Bill 3 Month + 16.660%), 12/19/2024 (b)(c)(d)(e)(g) (Cost: $9,687,455; Original Acquisition Date: 12/09/2019)		9,829,000		5,405,950

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

8

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 25.5% (continued)
Kilimanjaro III Re 2019-1 Class B-1 (T-Bill 3 Month + 9.910%), 12/19/2023 (b)(c)(d)(e) (Cost: $11,051,000; Original Acquisition Date: 12/09/2019)	$	11,051,000	$	10,720,575
Kilimanjaro III Re 2019-1 Class B-2 (T-Bill 3 Month + 9.910%), 12/19/2024 (b)(c)(d)(e)(f) (Cost: $8,178,000; Original Acquisition Date: 12/09/2019)		8,178,000		7,725,348
Kilimanjaro Re 2018-2 Class A-2 (3 Month Libor USD + 13.610%), 05/05/2023 (b)(c)(d)(e) (Cost: $6,046,811; Original Acquisition Date: 04/18/2018)		6,047,000		5,590,451
Kilimanjaro Re 2018-2 Class B-2 (3 Month Libor USD + 4.940%), 05/05/2023 (b)(c)(d)(e)(f) (Cost: $7,564,219; Original Acquisition Date: 04/18/2018)		7,564,000		7,560,218
Locke Tavern Re 2023-1 Class A (T-Bill 3 Month + 4.750%), 04/09/2030 (b)(c)(d)(e) (Cost: $5,139,000; Original Acquisition Date: 03/23/2023)		5,139,000		5,142,340
Long Point Re IV 2022-1 Class A (T-Bill 3 Month + 4.250%), 06/01/2026 (b)(c)(d)(e)(f) (Cost: $30,060,000; Original Acquisition Date: 05/13/2022)		30,060,000		29,879,640
Matterhorn Re SR2022-2 Class C (SOFR + 9.025%), 06/07/2024 (b)(c)(d)(e)(f) (Cost: $2,652,000; Original Acquisition Date: 06/08/2022)		2,652,000		2,627,336
Merna Re II 2022-2 Class A (T-Bill 3 Month + 7.500%), 07/09/2029 (b)(c)(d)(e) (Cost: $6,631,000; Original Acquisition Date: 06/07/2022)		6,631,000		5,702,660
Merna Re II 2023-1 Class A (T-Bill 3 Month + 7.750%), 07/07/2026 (b)(c)(d)(e) (Cost: $7,899,000; Original Acquisition Date: 04/05/2023)		7,899,000		7,888,336
Merna Re II 2023-2 Class A (T-Bill 3 Month + 10.250%), 07/07/2026 (b)(c)(d)(e) (Cost: $9,479,000; Original Acquisition Date: 04/05/2023)		9,479,000		9,535,874
MetroCat Re 2020-1 Class A (T-Bill 3 Month + 5.500%), 05/08/2023 (b)(c)(d)(e)(f) (Cost: $5,427,220; Original Acquisition Date: 05/06/2020)		5,429,000		5,415,427

	PRINCIPAL AMOUNT		VALUE
Multiperil - 25.5% (continued)
Mona Lisa Re 2021-1 Class A (T-Bill 3 Month + 7.000%), 07/08/2025 (b)(c)(d)(e)(h) (Cost: $11,288,453; Original Acquisition Date: 06/22/2021)	$	11,272,000	$	10,051,806
Montoya Re 2022-2 Class A (T-Bill 3 Month + 14.000%), 04/07/2030 (b)(c)(d)(e) (Cost: $1,319,000; Original Acquisition Date: 12/08/2022)		1,319,000		1,332,520
Mystic Re IV 2021-1 Class A (T-Bill 3 Month + 9.750%), 01/08/2024 (b)(c)(d)(e)(f) (Cost: $15,694,540; Original Acquisition Date: 12/15/2020)		15,594,000		14,974,918
Mystic Re IV 2021-2 Class A (T-Bill 3 Month + 6.130%), 01/08/2025 (b)(c)(d)(e) (Cost: $14,342,537; Original Acquisition Date: 06/09/2021)		14,367,000		13,056,730
Mystic Re IV 2021-2 Class B (T-Bill 3 Month + 11.600%), 01/08/2025 (b)(c)(d)(e) (Cost: $2,250,000; Original Acquisition Date: 06/09/2021)		2,250,000		1,868,962
Mystic Re IV 2023-1 Class A (T-Bill 3 Month + 9.250%), 01/08/2026 (b)(c)(d)(e) (Cost: $5,244,000; Original Acquisition Date: 12/16/2022)		5,244,000		5,261,305
Northshore Re II 2021-1 Class A (T-Bill 3 Month + 5.750%), 01/08/2024 (b)(c)(d)(e)(f) (Cost: $6,631,000; Original Acquisition Date: 12/02/2020)		6,631,000		6,496,059
Putnam Re Pte. Ltd. 2021-1 Class A (T-Bill 3 Month + 5.500%), 06/07/2024 (b)(c)(d)(e)(g) (Cost: $26,563; Original Acquisition Date: 05/21/2021)		26,563		—
Residential Re 2016-I Class 10 (T-Bill 3 Month + 0.500%), 06/06/2023 (b)(c)(d)(e)(g) (Cost: $190,114; Original Acquisition Date: 04/28/2016)		190,114		10
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		420,750
Residential Re 2019-I Class 13 (T-Bill 3 Month + 4.650%), 06/06/2023 (b)(c)(d)(e) (Cost: $1,161,662; Original Acquisition Date: 05/08/2019)		1,162,000		1,157,875

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

9

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 25.5% (continued)
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	$	1,410,791
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		2,138,810
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		857,378
Residential Re 2020-II Class 4 (T-Bill 3 Month + 6.180%), 12/06/2024 (b)(c)(d)(e) (Cost: $4,422,511; Original Acquisition Date: 10/30/2020)		4,404,000		4,153,412
Residential Re 2021-I Class 11 (T-Bill 3 Month + 9.910%), 06/06/2025 (b)(c)(d)(e) (Cost: $8,827,823; Original Acquisition Date: 05/06/2021)		8,841,000		7,030,363
Residential Re 2021-I Class 12 (T-Bill 3 Month + 5.220%), 06/06/2025 (b)(c)(d)(e) (Cost: $5,305,000; Original Acquisition Date: 05/06/2021)		5,305,000		4,533,388
Residential Re 2021-I Class 13 (T-Bill 3 Month + 3.590%), 06/06/2025 (b)(c)(d)(e) (Cost: $5,307,621; Original Acquisition Date: 05/06/2021)		5,305,000		4,664,687
Residential Re 2021-I Class 14 (T-Bill 3 Month + 2.500%), 06/06/2025 (b)(c)(d)(e) (Cost: $6,842,483; Original Acquisition Date: 05/06/2021)		6,852,000		6,234,977
Residential Re 2022-I Class 11 (T-Bill 3 Month + 12.500%), 06/06/2030 (b)(c)(d)(e) (Cost: $3,094,000; Original Acquisition Date: 05/02/2022)		3,094,000		2,509,389
Residential Re 2022-I Class 12 (T-Bill 3 Month + 7.500%), 06/06/2029 (b)(c)(d)(e) (Cost: $4,421,000; Original Acquisition Date: 05/02/2022)		4,421,000		3,697,282
Residential Re 2022-I Class 13 (T-Bill 3 Month + 5.250%), 06/06/2030 (b)(c)(d)(e) (Cost: $10,609,000; Original Acquisition Date: 05/02/2022)		10,609,000		9,244,683

	PRINCIPAL AMOUNT		VALUE
Multiperil - 25.5% (continued)
Residential Re 2022-I Class 14 (T-Bill 3 Month + 4.000%), 06/06/2026 (b)(c)(d)(e) (Cost: $13,262,000; Original Acquisition Date: 05/02/2022)	$	13,262,000	$	12,051,843
Residential Re 2023-I Class 13 (T-Bill 3 Month + 10.500%) 06/06/2030 (b)(c)(d)(e) (Cost: $14,313,000; Original Acquisition Date: 04/28/2023)		14,313,000		14,313,000
Residential Re 2023-I Class 14 (T-Bill 3 Month + 6.500%) 06/06/2030 (b)(c)(d)(e) (Cost: $14,313,000; Original Acquisition Date: 04/28/2023)		14,313,000		14,313,000
Riverfront Re 2021 Class A (T-Bill 3 Month + 4.240%), 01/07/2025 (b)(c)(d)(e) (Cost: $10,388,000; Original Acquisition Date: 05/21/2021)		10,388,000		9,731,478
Riverfront Re 2021 Class B (T-Bill 3 Month + 6.500%), 01/07/2025 (b)(c)(d)(e) (Cost: $2,431,000; Original Acquisition Date: 05/21/2021)		2,431,000		2,131,136
Sakura Re 2022-1 Class A (T-Bill 3 Month + 13.500%), 01/06/2030 (b)(c)(d)(e) (Cost: $5,224,000; Original Acquisition Date: 12/22/2022)		5,224,000		5,197,358
Sanders Re II 2020-1 Class A (T-Bill 3 Month + 4.250%), 04/07/2024 (b)(c)(d)(e) (Cost: $4,253,000; Original Acquisition Date: 03/18/2020)		4,253,000		4,203,027
Sanders Re II 2021-1 Class A (T-Bill 3 Month + 3.250%), 04/07/2025 (b)(c)(d)(e) (Cost: $5,526,000; Original Acquisition Date: 05/24/2021)		5,526,000		5,244,450
Sanders Re II 2021-2 Class A (T-Bill 3 Month + 3.090%), 04/07/2025 (b)(c)(d)(e) (Cost: $3,536,000; Original Acquisition Date: 11/23/2021)		3,536,000		3,381,477
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		1,276,275
Sanders Re III 2022-1 Class A (T-Bill 3 Month + 3.500%), 04/09/2029 (b)(c)(d)(e) (Cost: $8,841,000; Original Acquisition Date: 03/22/2022)		8,841,000		8,377,290

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

10

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 25.5% (continued)
Sanders Re III 2022-1 Class B (T-Bill 3 Month + 10.750%), 04/09/2029 (b)(c)(d)(e) (Cost: $6,189,000; Original Acquisition Date: 03/22/2022)	$	6,189,000	$	5,578,455
Sanders Re III 2022-2 Class A (T-Bill 3 Month + 6.500%), 06/07/2028 (b)(c)(d)(e)(f) (Cost: $9,062,000; Original Acquisition Date: 05/26/2022)		9,062,000		8,512,390
Sanders Re III 2022-2 Class B (T-Bill 3 Month + 8.750%), 06/07/2028 (b)(c)(d)(e)(f) (Cost: $6,189,000; Original Acquisition Date: 05/26/2022)		6,189,000		5,531,419
Sanders Re III 2022-3 Class A (T-Bill 3 Month + 6.250%), 04/08/2030 (b)(c)(d)(e) (Cost: $4,607,000; Original Acquisition Date: 12/01/2022)		4,607,000		4,697,528
Sanders Re III 2023-1 Class A (T-Bill 3 Month + 5.750%), 04/08/2030 (b)(c)(d)(e) (Cost: $3,162,000; Original Acquisition Date: 03/24/2023)		3,162,000		3,174,648
Sanders Re III 2023-1 Class B (T-Bill 3 Month + 15.500%), 04/08/2030 (b)(c)(d)(e) (Cost: $3,954,000; Original Acquisition Date: 03/24/2023)		3,954,000		3,945,301
Sussex Capital UK PCC 2020-1 (T-Bill 3 Month + 8.380%), 01/08/2025 (b)(c)(d)(e)(f) (Cost: $13,315,552; Original Acquisition Date: 12/07/2020)		13,262,000		12,047,201
Titania Re 2021-1 Class A (T-Bill 3 Month + 5.030%), 06/21/2024 (b)(c)(d)(e) (Cost: $7,520,444; Original Acquisition Date: 06/09/2021)		7,515,000		7,054,331
Titania Re 2021-2 Class A (T-Bill 3 Month + 6.500%), 12/27/2024 (b)(c)(d)(e) (Cost: $3,979,000; Original Acquisition Date: 12/08/2021)		3,979,000		3,572,943
Topanga Re 2021-1 Class A (T-Bill 3 Month + 4.990%), 01/08/2026 (b)(c)(d)(e) (Cost: $6,189,000; Original Acquisition Date: 12/08/2021)		6,189,000		5,465,506
Topanga Re 2021-1 Class B (T-Bill 3 Month + 16.800%), 01/08/2024 (b)(c)(d)(e) (Cost: $2,652,000; Original Acquisition Date: 12/08/2021)		2,652,000		2,374,336

		PRINCIPAL AMOUNT		VALUE
Multiperil - 25.5% (continued)
Vista Re 2022-1 Class A (T-Bill 3 Month + 14.500%), 05/21/2025 (b)(c)(d)(e) (Cost: $3,979,000; Original Acquisition Date: 04/21/2022)		$	3,979,000	$	3,822,426
Yosemite Re 2022-1 Class A (T-Bill 3 Month + 9.750%), 06/06/2025 (b)(c)(d)(e)(f) (Cost: $4,421,000; Original Acquisition Date: 05/31/2022)			4,421,000		4,262,728
					425,221,588
Windstorm - 21.5%
Alamo Re 2020-1 Class A (T-Bill 3 Month + 5.520%), 06/08/2023 (b)(c)(d)(e)(h)(f) (Cost: $18,517,563; Original Acquisition Date: 01/21/2022)			18,505,000		18,536,458
Alamo Re 2021-1 Class A (T-Bill 3 Month + 4.090%), 06/07/2024 (b)(c)(d)(e) (Cost: $32,638,127; Original Acquisition Date: 05/21/2021)			32,744,000		31,712,564
Alamo Re 2022-1 Class A (T-Bill 3 Month + 7.250%), 06/09/2025 (b)(c)(d)(e)(f) (Cost: $9,504,000; Original Acquisition Date: 05/23/2022)			9,504,000		9,246,442
Alamo Re 2023-1 Class A (T-Bill 3 Month + 8.500%), 06/07/2026 (b)(c)(d)(e) (Cost: $19,253,000; Original Acquisition Date: 04/12/2023)			19,253,000		19,243,373
Astro Re 2021-1 Class A (T-Bill 3 Month + 8.750%), 07/08/2025 (b)(c)(d)(e) (Cost: $3,183,000; Original Acquisition Date: 07/06/2021)	��		3,183,000		2,387,250
Blue Halo Re 2020-1 Class A (T-Bill 3 Month + 13.250%), 06/28/2023 (b)(c)(d)(e) (Cost: $4,318,000; Original Acquisition Date: 06/16/2020)			4,318,000		4,162,984
Bonanza Re 2020-2 Class A (T-Bill 3 Month + 4.870%), 12/23/2024 (b)(c)(d)(e) (Cost: $2,510,000; Original Acquisition Date: 12/15/2020)			2,510,000		2,107,019
Bonanza Re 2022-2 Class A (T-Bill 3 Month + 5.750%), 03/16/2025 (b)(c)(d)(e) (Cost: $3,979,000; Original Acquisition Date: 03/11/2022)			3,979,000		3,277,701
Cape Lookout Re 2021-1 Class A (T-Bill 3 Month + 3.220%), 03/22/2024 (b)(c)(d)(e)(h) (Cost: $9,725,000; Original Acquisition Date: 03/09/2021)			9,725,000		9,345,725

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

11

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Windstorm - 21.5% (continued)
Cape Lookout Re 2022-1 Class A (T-Bill 3 Month + 5.000%), 03/28/2025 (b)(c)(d)(e)(f) (Cost: $22,987,000; Original Acquisition Date: 03/16/2022)	$	22,987,000	$	21,821,559
Cape Lookout Re 2023-1 Class A (T-Bill 3 Month + 6.500%), 04/28/2026 (b)(c)(d)(e) (Cost: $21,801,000; Original Acquisition Date: 04/14/2023)		21,801,000		21,790,099
Catahoula Re II 2022-1 Class A (T-Bill 3 Month + 9.500%), 06/16/2025 (b)(c)(d)(e)(f) (Cost: $7,515,000; Original Acquisition Date: 06/02/2022)		7,515,000		6,892,006
Catahoula Re II 2022-1 Class B (T-Bill 3 Month + 13.000%), 06/16/2025 (b)(c)(d)(e) (Cost: $7,073,000; Original Acquisition Date: 06/02/2022)		7,073,000		6,745,166
Citrus Re 2022-1 Class A (T-Bill 3 Month + 5.100%), 06/07/2025 (b)(c)(d)(e)(f) (Cost: $5,526,000; Original Acquisition Date: 04/11/2022)		5,526,000		5,372,101
Citrus Re 2023-1 Class A (T-Bill 3 Month + 6.750%) 06/07/2026 (b)(c)(d)(e)(g) (Cost: $7,663,000; Original Acquisition Date: 04/27/2023)		7,663,000		7,663,000
Citrus Re 2023-1 Class B (T-Bill 3 Month + 9.000%) 06/07/2026 (b)(c)(d)(e)(g) (Cost: $6,655,000; Original Acquisition Date: 04/27/2023)		6,655,000		6,655,000
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		1,696,363
Cosaint Re 2021-1 Class A (T-Bill 3 Month + 9.510%), 04/03/2024 (b)(c)(d)(e) (Cost: $6,221,452; Original Acquisition Date: 03/19/2021)		6,189,000		4,316,828
Everglades II 2020-2 A (T-Bill 3 Month + 6.450%), 05/04/2023 (b)(c)(d)(e) (Cost: $2,101,000; Original Acquisition Date: 05/21/2020)		2,101,000		2,052,152
Everglades Re II 2021-1 Class A (T-Bill 3 Month + 5.660%), 05/14/2024 (b)(c)(d)(e)(f) (Cost: $20,998,000; Original Acquisition Date: 05/12/2021)		20,998,000		19,380,104

	PRINCIPAL AMOUNT		VALUE
Windstorm - 21.5% (continued)
Everglades Re II 2021-1 Class B (T-Bill 3 Month + 6.320%), 05/14/2024 (b)(c)(d)(e) (Cost: $28,071,000; Original Acquisition Date: 05/12/2021)	$	28,071,000	$	24,155,096
Everglades Re II 2021-2 Class A (T-Bill 3 Month + 5.900%), 05/14/2024 (b)(c)(d)(e)(f) (Cost: $24,755,000; Original Acquisition Date: 05/12/2021)		24,755,000		22,754,796
Everglades Re II 2022-1 Class A (T-Bill 3 Month + 7.750%), 05/19/2025 (b)(c)(d)(e) (Cost: $14,367,000; Original Acquisition Date: 05/19/2022)		14,367,000		13,366,338
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		487,751
First Coast Re III 2021-1 Class A (T-Bill 3 Month + 6.180%), 04/07/2025 (b)(c)(d)(e) (Cost: $3,094,000; Original Acquisition Date: 03/04/2021)		3,094,000		2,760,312
First Coast Re IV 2023-1 Class A (T-Bill 3 Month + 9.000%), 04/07/2030 (b)(c)(d)(e) (Cost: $2,000,000; Original Acquisition Date: 03/24/2023)		2,000,000		1,997,000
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		534,800
Gateway Re 2022-1 Class A (T-Bill 3 Month + 8.500%), 05/12/2025 (b)(c)(d)(e) (Cost: $8,399,000; Original Acquisition Date: 04/22/2022)		8,399,000		7,925,716
Gateway Re 2023-1 Class A (T-Bill 3 Month + 13.000%), 02/24/2026 (b)(c)(d)(e)(f) (Cost: $14,398,000; Original Acquisition Date: 02/03/2023)		14,398,000		14,603,891
Gateway Re 2023-1 Class B (T-Bill 3 Month + 20.000%), 02/24/2026 (b)(c)(d)(e) (Cost: $3,113,000; Original Acquisition Date: 02/03/2023)		3,113,000		3,068,173
Gateway Re II 2023-1 Class A (T-Bill 3 Month + 9.500%), 04/27/2030 (b)(c)(d)(e) (Cost: $4,542,000; Original Acquisition Date: 04/13/2023)		4,542,000		4,539,729

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

12

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Windstorm - 21.5% (continued)
Hestia Re 2022-1 Class A (T-Bill 3 Month + 9.500%), 04/22/2025 (b)(c)(d)(e)(f) (Cost: $8,841,000; Original Acquisition Date: 04/04/2022)	$	8,841,000	$	7,104,628
Hestia Re 2023-1 Class A (T-Bill 3 Month + 9.750%), 04/07/2026 (b)(c)(d)(e) (Cost: $2,250,000; Original Acquisition Date: 03/16/2023)		2,250,000		2,249,888
Integrity Re 2020-1 Class A (3 Month Libor USD + 7.530%), 04/12/2028 (b)(c)(d)(e)(g) (Cost: $6,798,000; Original Acquisition Date: 03/18/2020)		6,798,000		3,908,850
Integrity Re 2022-1 Class A (T-Bill 3 Month + 7.000%), 06/06/2025 (b)(c)(d)(e)(h)(f) (Cost: $5,968,000; Original Acquisition Date: 05/09/2022)		5,968,000		5,072,800
Integrity Re 2023-1 Class A (T-Bill 3 Month + 12.000%), 06/06/2025 (b)(c)(d)(e) (Cost: $5,139,000; Original Acquisition Date: 03/23/2023)		5,139,000		5,128,208
Lightning Re 2023-1 Class A (T-Bill 3 Month + 11.000%), 03/31/2030 (b)(c)(d)(e) (Cost: $16,202,000; Original Acquisition Date: 03/20/2023)		16,202,000		16,403,715
Merna Re II 2021-2 Class A (T-Bill 3 Month + 5.500%), 07/08/2024 (b)(c)(d)(e) (Cost: $11,936,000; Original Acquisition Date: 06/08/2021)		11,936,000		10,145,600
Pelican IV Re 2021-1 Class A (T-Bill 3 Month + 2.250%), 05/07/2027 (b)(c)(d)(e)(g) (Cost: $2,431,000; Original Acquisition Date: 04/29/2021)		2,431,000		122
Pelican IV Re 2021-1 Class B (T-Bill 3 Month + 5.355%), 05/07/2027 (b)(c)(d)(e)(g) (Cost: $2,873,000; Original Acquisition Date: 04/29/2021)		2,873,000		144
Purple Re 2023-1 Class A (T-Bill 3 Month + 12.250%), 04/24/2030 (b)(c)(d)(e) (Cost: $7,109,000; Original Acquisition Date: 04/06/2023)		7,109,000		7,105,446
				357,716,897
				1,095,140,633
TOTAL EVENT LINKED BONDS (Cost $1,466,603,182)				1,365,005,634

	PRINCIPAL AMOUNT		VALUE
QUOTA SHARES AND OTHER REINSURANCE RELATED SECURITIES - 16.2%
PARTICIPATION NOTES - 4.9%
Global - 4.9%
Multiperil - 4.9%
Eden Re II 2020-1 Class A 03/22/2024 (b)(d)(e)(g)(i)(j) (Cost: $1,275,000; Original Acquisition Date: 12/16/2019)	$	1,275,000	$	443,006
Eden Re II 2020-1 Class B 03/22/2024 (b)(d)(e)(g)(i)(j) (Cost: $2,041,181; Original Acquisition Date: 12/26/2019)		2,041,181		493,252
Eden Re II 2021-1 Class A 03/21/2025 (b)(d)(e)(g)(i)(j) (Cost: $2,263,956; Original Acquisition Date: 12/14/2020)		2,263,956		1,061,686
Eden Re II 2021-1 Class B 03/21/2025 (b)(d)(e)(g)(i)(j) (Cost: $2,479,275; Original Acquisition Date: 12/21/2020)		2,479,275		1,146,921
Eden Re II 2022-1 Class A 03/20/2026 (b)(d)(e)(g)(i)(j) (Cost: $3,112,000; Original Acquisition Date: 12/14/2021)		3,112,000		1,809,111
Eden Re II 2022-1 Class B 03/20/2026 (b)(d)(e)(g)(i)(j) (Cost: $7,232,000; Original Acquisition Date: 12/17/2021)		7,232,000		4,386,165
Eden Re II 2023-1 Class B 03/19/2027 (b)(d)(e)(g)(i)(j) (Cost: $41,377,000; Original Acquisition Date: 12/22/2022)		41,377,000		43,910,454
Limestone Re 2019-2 A 10/01/2023 (b)(d)(e)(g)(i) (Cost: $25,287; Original Acquisition Date: 06/25/2019)		25,287		—
Limestone Re 2019-2 B 10/01/2023 (b)(d)(e)(g)(i) (Cost: $62,298; Original Acquisition Date: 06/25/2019)		62,298		—
Limestone Re 2020-1 B 03/01/2024 (b)(d)(e)(g)(i) (Cost: $0; Original Acquisition Date: 12/27/2019)		—		—
Phoenix 2 Re Pte. Ltd. 2022-1 Class A 01/04/2028 (b)(d)(e)(g)(j) (Cost: $750,000; Original Acquisition Date: 12/21/2021)		750,000		925,062
Phoenix Re Pte. Ltd. 2022-1 Class B 01/04/2028 (b)(d)(e)(g)(j) (Cost: $2,250,000; Original Acquisition Date: 12/21/2021)		2,250,000		2,341,345
Sector Re V Series 2021-Dec Class GL-R (T-Bill 3 Month + 0.000%), 12/01/2026 (b)(e)(g)(j) (Cost: $80,000; Original Acquisition Date: 12/09/2021)		80,000		374,979

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

13

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 4.9% (continued)
Sector Re V Series 2022-Apr Class GL-R 03/01/2027 (b)(e)(g)(i)(j) (Cost: $8,948; Original Acquisition Date: 04/28/2022)	$	8,948	$	1,032,768
Sector Re V Series 2022-Apr Class US-R 03/01/2027 (b)(e)(g)(i)(j) (Cost: $117,039; Original Acquisition Date: 04/28/2022)		117,039		506,929
Sector Re V Series 2022-Dec Class GL-R 12/01/2027 (b)(e)(g)(j) (Cost: $3,466,000; Original Acquisition Date: 12/22/2022)		3,466,000		3,723,474
Sector Re V Series 2023-Apr Class GL-R 03/01/2028 (b)(e)(g)(i)(j) (Cost: $16,163,864; Original Acquisition Date: 04/25/2023)		16,163,864		16,163,864
Sector Re V Series 9 Class A 03/01/2024 (b)(e)(g) (Cost: $2,461,172; Original Acquisition Date: 04/24/2019)		2,461,172		1,825,500
Sector Re V Series 9 Class B 03/01/2024 (b)(e)(g) (Cost: $875,850; Original Acquisition Date: 04/24/2019)		875,850		649,636
Sector Re V Series 9 Class G 03/01/2024 (b)(e)(g) (Cost: $18,7892; Original Acquisition Date: 04/24/2019)		18,782		449,484
TOTAL PARTICIPATION NOTES (Cost $86,059,652)				81,243,636
	SHARES		VALUE
PREFERENCE SHARES - 11.3%
Global - 11.3%
Multiperil - 11.3%
Arenal (Artex Segregated Account Company) (b)(e)(g)(i)(j) (Cost: $6,272,301; Original Acquisition Date: 05/07/2015)		18,011		3,173,325
Hatteras (Artex Segregated Account Company) (b)(e)(g)(i)(j) (Cost: $30,502,685; Original Acquisition Date: 12/30/2014)		37,256		22,101,201
Hudson Charles 2 (Mt. Logan Re) (b)(e)(g)(j) (Cost: $11,534,500; Original Acquisition Date: 04/02/2014)		11,535		10,561,979
Hudson Charles 3 (Mt. Logan Re) (b)(e)(g)(j) (Cost: $15,350,000; Original Acquisition Date: 06/19/2014)		15,350		13,733,294

	SHARES		VALUE
Multiperil - 11.3% (continued)
Labrador (Horseshoe Re) (b)(e)(g)(i)(j) (Cost: $34,121,000; Original Acquisition Date: 07/22/2022)	$	34,121	$	35,993,331
Lyndhurst (Horseshoe Re) (b)(e)(g)(i)(j) (Cost: $20,234,666; Original Acquisition Date: 12/31/2020)		27,200		11,868,268
Madison (Artex Segregated Account Company) (b)(e)(g)(i)(j) (Cost: $1,258,914; Original Acquisition Date: 02/03/2020)		5,011		835,745
Peregrine HYR (b)(e)(g)(i)(j) (Cost: $18,022,873; Original Acquisition Date: 12/21/2020)		1,800,000		18,277,461
Rondout (Artex Segregated Account Company) (b)(e)(g)(i)(j) (Cost: $57,550,623; Original Acquisition Date: 05/29/2015)		97,537		71,331,064
Yoho (Artex Segregated Account Company) (b)(e)(g)(i)(j) (Cost: $3,469,282; Original Acquisition Date: 05/17/2016)		39,886		1,295,619
TOTAL PREFERENCE SHARES (Cost $198,316,844)				189,171,287
TOTAL QUOTA SHARES AND OTHER REINSURANCE-RELATED SECURITIES (Cost $284,376,497)				270,414,923
SHORT-TERM INVESTMENTS - 2.3%
Money Market Fund - 2.3%
Fidelity Investments Money Market Funds - Government Portfolio - 4.73% (k)		19,529,405		19,529,405
Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class - 4.78% (k)		19,529,404		19,529,404
TOTAL SHORT-TERM INVESTMENTS (Cost $39,058,809)				39,058,809
TOTAL INVESTMENTS (Cost $1,790,038,487) - 100.5%				1,674,479,366
LIABILITIES IN EXCESS OF OTHER ASSETS - (0.5)%				(8,361,889)
TOTAL NET ASSETS - 100.0%			$	1,666,117,477
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 $1,635,420,557. Foreign concentration is as follows: Bermuda: 81.0%, Cayman Islands: 6.1%, Singapore: 5.6%, Ireland: 2.1%, Supranational: 2.7%, Great Britain: 0.4%, and Hong Kong: 0.3%.

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

14

Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND

(c) Variable rate security. Reference rates as of April 30, 2023 are as follows: Secured Overnight Financing Rate (SOFR) 4.81%, 3 Month Euribor 3.27%, T-Bill 3 Month 5.06% and 3 Month Libor 5.34%. 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 April 30, 2023 was $1,421,522,636, which represented 85.3% 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 financing facility.

(g) Value determined using significant unobservable inputs.

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

(i) Security is fair valued by the Adviser Valuation Committee using an insurance industry model pursuant to procedures approved by the Board of Trustees. The aggregate value of these securities is $235,830,170, which represents 14.2% of net assets.

(j) Non-income producing security.

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

Reverse Repurchase Agreements

DESCRIPTION	PRINCIPAL VALUE		AMORTIZED COST
REVERSE REPURCHASE AGREEMENTS SOLD
Repurchase Agreement with JP Morgan Chase Securities, Inc., dated 4/28/2023, 6.20%, collateralized by $13,222,036 Event Linked Bonds, due 5/30/2023	$	5,000,000	$	5,000,000
TOTAL REVERSE REPURCHASE AGREEMENTS SOLD (Premiums Received $5,000,000)	$	5,000,000	$	5,000,000

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

15

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	ACQUISITION DATE	PRINCIPAL AMOUNT		COST		VALUE
ASSET-BACKED SECURITIES - 7.6%
United States - 7.6%
ACHV ABS TR 2023-2PL 2023-2PL D (a)(b)(c)	4/8/2023	$	930,000	$	929,900	$	929,900
AMSR TR 2022-SFR3 Trust (a)(b)(d)	8/11/2022		2,000,000		1,720,219		1,795,365
AMSR TR 2023-SFR1 Trust (a)(b)(d)	2/22/2023		2,000,000		1,583,850		1,575,686
Firstkey Homes 2021-SFR1 Trust (a)(b)(d)	12/15/2022		2,000,000		1,707,468		1,758,113
Freed ABS Trust 2022-3FP (a)(b)(c)	6/28/2022		550,000		549,929		556,715
Freed ABS Trust 2022-4FP (a)(b)(c)	10/21/2022		2,270,000		2,216,168		2,225,849
Home Part America 2021-2 Trust (a)(b)(d)	1/12/2023		2,417,996		2,080,947		2,061,285
Lendingpoint Asset Securitization Trust 2022-C (a)(b)(c)	9/23/2022		3,000,000		2,892,887		2,954,384
Marlette FDG TR 2022-2 (a)(b)(c)	6/28/2022		1,000,000		984,948		998,388
Progress Re 2021-SFR1 (a)(b)(d)	2/11/2021		1,750,000		1,749,957		1,547,455
Progress Re 2021-SFR2 (a)(b)(d)	4/7/2021		3,000,000		2,999,930		2,641,274
Progress Re 2022-SFR3 (a)(b)(d)	4/5/2022		3,000,000		2,917,628		2,864,889
Progress Re 2022-SFR5 (a)(b)(d)	6/10/2022		1,000,000		993,767		995,981
Progress Re 2021-SFR10 (a)(b)(d)	11/19/2021		4,990,930		4,990,803		4,110,052
Upgrade MSTR CR PT TR 2021-ST3 (a)(b)(c)	5/27/2021		1,419,000		453,572		123,567
Upstart Pass-Through 2021-ST3 (a)(b)(c)	4/8/2021		2,850,000		895,301		752,017
Upstart Pass-Through 2021-ST4 (a)(b)(c)	5/13/2021		3,060,000		1,101,872		915,160
Upstart Pass-Through 2021-ST5 (a)(b)(c)	6/3/2021		1,000,000		509,190		293,884
Upstart Securitization 2022-1 (a)(b)(c)	4/1/2022		4,200,000		4,061,121		3,772,500
Upstart Securitization 2022-2 (a)(b)(c)	5/26/2022		3,150,000		3,133,513		3,051,859
Upstart Securitization 2022-3 (a)(b)(c)	6/29/2022		3,600,000		3,529,864		3,474,454
Upstart Securitization 2022-4 (a)(b)(c)	8/16/2022		1,214,000		1,213,697		1,178,275
Upstart Structured Pass Through Trust 2022-4A (a)(b)(c)	10/17/2022		500,000		478,023		471,267
TOTAL ASSET-BACKED SECURITIES (Cost $43,694,554)							41,048,319
				PRINCIPAL AMOUNT		VALUE
EVENT LINKED BONDS - 32.0%
Chile - 0.4%
Earthquake - 0.4%
IBRD CAR 131 (SOFR + 4.750%), 03/31/2026 (e)(f)(g)(h) (Cost: $1,990,617; Original Acquisition Date: 04/21/2023)					1,968,000		1,991,124
Global - 4.0%
Multiperil - 4.0%
2001 Cat Re 2020-1 Class A (T-Bill 3 Month + 12.660%), 01/08/2024 (e)(f)(g)(h) (Cost: $638,942; Original Acquisition Date: 04/21/2023)					666,000		638,261
3264 Re 2022-1 Class A (T-Bill 3 Month + 19.000%), 01/08/2025 (e)(f)(g)(h) (Cost: $854,334; Original Acquisition Date: 04/21/2023)					1,043,000		834,557
Atlas Capital 2020 DAC 2020-1 (T-Bill 3 Month + 8.300%), 06/10/2024 (e)(f)(g)(h) (Cost: $883,136; Original Acquisition Date: 04/21/2023)					911,000		882,668
Atlas Capital 2022 DAC 2022-1 Class A (SOFR + 9.500%), 06/06/2025 (e)(f)(g)(h) (Cost: $2,088,393; Original Acquisition Date: 04/21/2023)					2,202,000		2,087,826
Atlas Capital UK 2019 PLC 2019-1 (3 Month Libor USD + 11.600%), 06/07/2023 (e)(f)(g)(h) (Cost: $511,091; Original Acquisition Date: 04/21/2023)					514,000		510,967
Claveau Re 2021-1 Class A (T-Bill 3 Month + 17.250%), 07/08/2025 (e)(f)(g)(h)(i) (Cost: $712,196; Original Acquisition Date: 04/21/2023)					1,159,000		637,450
Herbie Re 2021-1 Class A (T-Bill 3 Month + 17.250%), 06/06/2025 (e)(f)(g)(h) (Cost: $450,844; Original Acquisition Date: 04/21/2023)					666,000		432,900
Hypatia Ltd. 2020-1 Class A (T-Bill 3 Month + 7.325%), 06/07/2023 (e)(f)(g)(h) (Cost: $435,505; Original Acquisition Date: 04/21/2023)					436,000		435,673
Hypatia Ltd. 2020-1 Class B (T-Bill 3 Month + 10.275%), 06/07/2023 (e)(f)(g)(h) (Cost: $656,753; Original Acquisition Date: 04/21/2023)					671,000		654,057

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

16

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 4.0% (continued)
Kendall Re 2021-1 Class A (T-Bill 3 Month + 4.000%), 05/02/2024 (e)(f)(g)(h) (Cost: $1,442,503; Original Acquisition Date: 04/21/2023)	$	1,535,000	$	1,440,981
Kendall Re 2021-1 Class B (T-Bill 3 Month + 6.240%), 05/02/2024 (e)(f)(g)(h) (Cost: $918,962; Original Acquisition Date: 04/21/2023)		985,000		922,797
Kilimanjaro III Re 2021-1 Class A-1 (T-Bill 3 Month + 12.360%), 04/21/2025 (e)(f)(g)(h) (Cost: $793,936; Original Acquisition Date: 04/21/2023)		956,000		792,715
Kilimanjaro III Re 2021-1 Class C-1 (T-Bill 3 Month + 4.560%), 04/21/2025 (e)(f)(g)(h) (Cost: $659,175; Original Acquisition Date: 04/21/2023)		724,000		658,840
Kilimanjaro III Re 2021-2 Class A-2 (T-Bill 3 Month + 12.360%), 04/20/2026 (e)(f)(g)(h) (Cost: $601,036; Original Acquisition Date: 04/21/2023)		782,000		600,263
Kilimanjaro III Re 2021-2 Class B-2 (T-Bill 3 Month + 4.860%), 04/20/2026 (e)(f)(g)(h) (Cost: $303,115; Original Acquisition Date: 04/21/2023)		348,000		302,969
Kilimanjaro III Re 2021-2 Class C-2 (T-Bill 3 Month + 4.560%), 04/20/2026 (e)(f)(g)(h) (Cost: $279,333; Original Acquisition Date: 04/21/2023)		319,000		279,221
Kilimanjaro III Re 2022-1 Class A (T-Bill 3 Month + 5.250%), 06/25/2025 (e)(f)(g)(h) (Cost: $932,226; Original Acquisition Date: 04/21/2023)		985,000		932,056
Matterhorn Re Ltd 2020-2 Class A (T-Bill 3 Month + 5.000%), 01/08/2024 (e)(f)(g)(h) (Cost: $861,943; Original Acquisition Date: 04/21/2023)		892,000		861,137
Matterhorn Re Ltd SR2021-1 Class A (SOFR + 5.750%), 12/08/2025 (e)(f)(g)(h) (Cost: $1,103,527; Original Acquisition Date: 04/21/2023)		1,244,000		1,102,682
Matterhorn Re Ltd SR2022-1 Class A (SOFR + 5.250%), 03/24/2025 (e)(f)(g)(h) (Cost: $425,082; Original Acquisition Date: 04/21/2023)		464,000		424,746
Matterhorn Re Ltd SR2022-1 Class B (SOFR + 7.750%), 03/24/2025 (e)(f)(g)(h) (Cost: $424,888; Original Acquisition Date: 04/21/2023)		464,000		424,560
Montoya Re 2022-1 Class A (T-Bill 3 Month + 6.750%), 04/07/2029 (e)(f)(g)(h) (Cost: $1,084,092; Original Acquisition Date: 04/21/2023)		1,121,000		1,089,220
Northshore Re II 2019-1 Class A (T-Bill 3 Month + 8.125%), 07/07/2023 (e)(f)(g)(h) (Cost: $1,620,071; Original Acquisition Date: 04/21/2023)		1,633,000		1,618,956
Sakura Re 2021-1 Class A (T-Bill 3 Month + 2.250%), 04/07/2025 (e)(f)(g)(h) (Cost: $695,949; Original Acquisition Date: 04/21/2023)		724,000		695,728
Sakura Re 2021-1 Class B (T-Bill 3 Month + 4.160%), 04/07/2025 (e)(f)(g)(h) (Cost: $1,135,607; Original Acquisition Date: 04/21/2023)		1,188,000		1,136,857
Vista Re 2021-1 Class A (T-Bill 3 Month + 6.360%), 05/21/2024 (e)(f)(g)(h) (Cost: $1,629,832; Original Acquisition Date: 04/21/2023)		1,738,000		1,635,979
				22,034,066
Jamaica - 0.3%
Windstorm - 0.3%
IBRD CAR 130 (SOFR + 4.400%), 12/29/2023 (e)(f)(g)(h) (Cost: $1,826,771; Original Acquisition Date: 04/21/2023)		1,854,000		1,826,097
Japan - 0.9%
Earthquake - 0.8%
Nakama Re 2023-1 Class 2 (SOFR + 4.000%), 05/09/2028 (e)(f)(g)(h) (Cost: $667,000; Original Acquisition Date: 04/14/2023)		667,000		666,933
Nakama Re Pte. 2021-1 Class 1 (T-Bill 3 Month + 2.050%), 10/13/2026 (e)(f)(g)(h) (Cost: $2,520,217; Original Acquisition Date: 04/21/2023)		2,549,000		2,519,687
Nakama Re Pte. 2021-1 Class 2 (T-Bill 3 Month + 2.750%), 10/13/2026 (e)(f)(g)(h) (Cost: $1,134,206; Original Acquisition Date: 04/21/2023)		1,188,000		1,134,243
				4,320,863

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

17

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PRINCIPAL AMOUNT		VALUE
Typhoon - 0.1%
Black Kite Re 2022-1 Class A (T-Bill 3 Month + 6.900%), 06/09/2025 (e)(f)(g)(h) (Cost: $607,307; Original Acquisition Date: 04/21/2023)	$	637,000	$	607,157
				4,928,020
Mexico - 0.4%
Earthquake - 0.2%
IBRD CAR 125 Class A (3 Month Libor USD + 3.500%), 03/13/2024 (e)(f)(g)(h) (Cost: $807,629; Original Acquisition Date: 04/21/2023)		812,000		807,615
IBRD CAR 126 Class B (3 Month Libor USD + 9.000%), 03/13/2024 (e)(f)(g)(h) (Cost: $354,264; Original Acquisition Date: 04/21/2023)		361,000		354,177
				1,161,792
Windstorm - 0.2%
IBRD CAR 127 Class C (3 Month Libor USD + 10.000%), 03/13/2024 (e)(f)(g)(h) (Cost: $851,969; Original Acquisition Date: 04/21/2023)		872,000		848,282
				2,010,074
United States - 26.0%
Earthquake - 4.7%
Acorn Re 2021-1 Class A (T-Bill 3 Month + 2.500%), 11/07/2024 (e)(f)(g)(h) (Cost: $2,024,948; Original Acquisition Date: 04/21/2023)		2,119,000		2,024,493
Herbie Re 2022-1 Class A (T-Bill 3 Month + 12.500%), 01/08/2031 (e)(f)(g)(h) (Cost: $309,139; Original Acquisition Date: 04/21/2023)		302,000		309,172
Logistics Re 2021-1 Class A (T-Bill 3 Month + 3.880%), 12/20/2024 (e)(f)(g)(h) (Cost: $474,147; Original Acquisition Date: 04/21/2023)		493,000		474,069
Merna Re II 2021-1 Class A (T-Bill 3 Month + 3.930%), 04/05/2024 (e)(f)(g)(h) (Cost: $405,166; Original Acquisition Date: 04/21/2023)		406,000		405,147
Merna Re II 2022-1 Class A (T-Bill 3 Month + 3.750%), 04/07/2025 (e)(f)(g)(h) (Cost: $1,144,534; Original Acquisition Date: 04/21/2023)		1,159,000		1,144,512
Phoenician Re 2020-1 Class A (T-Bill 3 Month + 3.016%), 12/14/2023 (e)(f)(g)(h) (Cost: $571,303; Original Acquisition Date: 04/21/2023)		579,000		571,618
Phoenician Re 2020-2 Class A (T-Bill 3 Month + 2.924%), 12/14/2023 (e)(f)(g)(h) (Cost: $343,306; Original Acquisition Date: 04/21/2023)		348,000		343,441
Phoenician Re 2021-1 Class A (T-Bill 3 Month + 2.898%), 12/14/2028 (e)(f)(g)(h) (Cost: $766,814; Original Acquisition Date: 04/21/2023)		801,000		768,439
Sierra 2021-1 Class A (T-Bill 3 Month + 2.700%), 01/31/2024 (e)(f)(g)(h) (Cost: $458,582; Original Acquisition Date: 04/21/2023)		470,000		459,096
Sutter Re 2020-1 Class A (T-Bill 3 Month + 5.000%), 05/23/2023 (e)(f)(g)(h) (Cost: $926,796; Original Acquisition Date: 04/21/2023)		927,000		926,954
Sutter Re 2020-1 Class F (T-Bill 3 Month + 8.500%), 05/23/2023 (e)(f)(g)(h) (Cost: $453,575; Original Acquisition Date: 04/21/2023)		454,000		453,614
Torrey Pines Re 2021-1 Class A (T-Bill 3 Month + 3.920%), 06/07/2024 (e)(f)(g)(h) (Cost: $1,263,586; Original Acquisition Date: 04/21/2023)		1,298,000		1,263,343
Torrey Pines Re 2021-1 Class B (T-Bill 3 Month + 4.770%), 06/07/2024 (e)(f)(g)(h) (Cost: $1,425,063; Original Acquisition Date: 04/21/2023)		1,478,000		1,424,718
Torrey Pines Re 2022-1 Class A (T-Bill 3 Month + 5.000%), 06/06/2025 (e)(f)(g)(h) (Cost: $2,269,726; Original Acquisition Date: 04/21/2023)		2,318,000		2,259,471

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

18

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PRINCIPAL AMOUNT		VALUE
Earthquake - 4.7% (continued)
Torrey Pines Re 2022-1 Class B (T-Bill 3 Month + 8.250%), 06/06/2025 (e)(f)(g)(h) (Cost: $1,477,798; Original Acquisition Date: 04/21/2023)	$	1,564,000	$	1,477,433
Ursa Re 2023-1 Class AA (T-Bill 3 Month + 5.500%), 12/06/2025 (e)(f)(g)(h) (Cost: $1,144,938; Original Acquisition Date: 04/12/2023)		1,145,000		1,144,428
Ursa Re 2023-1 Class C (T-Bill 3 Month + 8.250%), 12/06/2025 (e)(f)(g)(h) (Cost: $615,967; Original Acquisition Date: 04/12/2023)		616,000		615,692
Ursa Re II 2020-1 Class AA (T-Bill 3 Month + 3.940%), 12/07/2023 (e)(f)(g)(h) (Cost: $2,442,331; Original Acquisition Date: 04/21/2023)		2,459,000		2,442,033
Ursa Re II 2020-1 Class D (T-Bill 3 Month + 6.310%), 12/07/2023 (e)(f)(g)(h) (Cost: $2,778,145; Original Acquisition Date: 04/21/2023)		2,793,000		2,777,918
Ursa Re II 2021-1 Class F (T-Bill 3 Month + 6.190%), 12/06/2024 (e)(f)(g)(h) (Cost: $1,045,659; Original Acquisition Date: 04/21/2023)		1,130,000		1,045,250
Ursa Re II 2022-1 Class A (T-Bill 3 Month + 5.000%), 06/16/2025 (e)(f)(g)(h) (Cost: $1,431,689; Original Acquisition Date: 04/21/2023)		1,478,000		1,431,517
Ursa Re II 2022-1 Class E (T-Bill 3 Month + 7.750%), 06/16/2025 (e)(f)(g)(h) (Cost: $383,569; Original Acquisition Date: 04/21/2023)		406,000		383,467
Veraison Re 2023-1 Class A (T-Bill 3 Month + 6.500%), 03/10/2031 (e)(f)(g)(h) (Cost: $642,766; Original Acquisition Date: 04/21/2023)		636,000		644,618
Veraison Re 2023-1 Class B (T-Bill 3 Month + 12.000%), 03/09/2026 (e)(f)(g)(h) (Cost: $624,376; Original Acquisition Date: 04/21/2023)		611,000		624,625
				25,415,068
Fire - 0.4%
Power Protective Re 2020-1 Class A (T-Bill 3 Month + 10.750%), 12/15/2023 (e)(f)(g)(h) (Cost: $447,284; Original Acquisition Date: 04/21/2023)		464,000		447,041
Power Protective Re 2021-1 Class A (T-Bill 3 Month + 15.000%), 10/09/2024 (e)(f)(g)(h) (Cost: $310,830; Original Acquisition Date: 04/21/2023)		319,000		310,770
SD Re 2021-1 Class A (T-Bill 3 Month + 8.750%), 11/19/2024 (e)(f)(g)(h) (Cost: $304,278; Original Acquisition Date: 04/21/2023)		319,000		304,214
SD Re 2021-1 Class B (T-Bill 3 Month + 9.250%), 11/19/2024 (e)(f)(g)(h) (Cost: $864,953; Original Acquisition Date: 04/21/2023)		898,000		864,819
				1,926,844
Flood - 1.6%
FloodSmart Re 2021-1 Class A (T-Bill 3 Month + 13.580%), 03/01/2024 (e)(f)(g)(h) (Cost: $2,678,215; Original Acquisition Date: 04/21/2023)		3,071,000		2,670,849
FloodSmart Re 2021-1 Class B (T-Bill 3 Month + 17.330%), 03/01/2024 (e)(f)(g)(h) (Cost: $692,863; Original Acquisition Date: 04/21/2023)		927,000		690,151
FloodSmart Re 2022-1 Class A (T-Bill 3 Month + 11.250%), 02/26/2029 (e)(f)(g)(h) (Cost: $2,359,996; Original Acquisition Date: 04/21/2023)		2,549,000		2,359,609
FloodSmart Re 2022-1 Class B (T-Bill 3 Month + 13.750%), 02/26/2029 (e)(f)(g)(h) (Cost: $776,099; Original Acquisition Date: 04/21/2023)		869,000		776,060
FloodSmart Re 2023-1 Class A (T-Bill 3 Month + 16.250%), 03/11/2030 (e)(f)(g)(h) (Cost: $1,967,932; Original Acquisition Date: 04/21/2023)		1,970,000		1,968,129
FloodSmart Re 2023-1 Class B (T-Bill 3 Month + 21.500%), 03/11/2030 (e)(f)(g)(h) (Cost: $463,420; Original Acquisition Date: 04/21/2023)		464,000		463,443
				8,928,241

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

19

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PRINCIPAL AMOUNT		VALUE
Mortality/Longevity/Disease - 0.6%
Vita Capital VI 2021-1 Class B (SOFR + 3.124%), 01/08/2026 (e)(f)(g)(h) (Cost: $1,256,493; Original Acquisition Date: 04/21/2023)	$	1,304,000	$	1,256,208
Vitality Re XI Limited 2020 Class B (T-Bill 3 Month + 1.800%), 01/09/2024 (e)(f)(g)(h) (Cost: $427,080; Original Acquisition Date: 04/21/2023)		435,000		426,974
Vitality Re XII 2021 Class A (T-Bill 3 Month + 2.250%), 01/07/2025 (e)(f)(g)(h) (Cost: $899,930; Original Acquisition Date: 04/21/2023)		920,000		899,852
Vitality Re XII 2021 Class B (T-Bill 3 Month + 2.750%), 01/07/2025 (e)(f)(g)(h) (Cost: $338,376; Original Acquisition Date: 04/21/2023)		348,000		338,343
Vitality Re XIII 2022 Class A (T-Bill 3 Month + 2.000%), 01/06/2026 (e)(f)(g)(h) (Cost: $490,390; Original Acquisition Date: 04/21/2023)		509,000		490,320
				3,411,697
Multiperil - 9.5%
Bonanza Re 2020-1 Class A (T-Bill 3 Month + 4.870%), 02/20/2024 (e)(f)(g)(h) (Cost: $1,133,653; Original Acquisition Date: 04/21/2023)		1,307,000		1,124,935
Bonanza Re 2023-1 Class B (T-Bill 3 Month + 0.000%), 01/08/2024 (f)(g)(h) (Cost: $254,354; Original Acquisition Date: 04/21/2023)		305,000		253,668
Bowline Re 2022-1 Class A (T-Bill 3 Month + 6.350%), 05/23/2029 (e)(f)(g)(h) (Cost: $324,041; Original Acquisition Date: 04/21/2023)		348,000		324,040
Bowline Re 2022-1 Class B (T-Bill 3 Month + 17.000%), 05/23/2029 (e)(f)(g)(h) (Cost: $298,734; Original Acquisition Date: 04/21/2023)		319,000		301,280
Caelus Re 2018-1 Class C (T-Bill 3 Month + 0.100%), 06/09/2025 (e)(f)(g)(h)(i) (Cost: $1,686; Original Acquisition Date: 04/21/2023)		322,000		1,626
Caelus Re 2020-1 Class A-1 (T-Bill 3 Month + 5.380%), 06/07/2023 (e)(f)(g)(h) (Cost: $789,775; Original Acquisition Date: 04/21/2023)		796,000		789,234
Caelus Re 2020-1 Class B-1 (T-Bill 3 Month + 5.380%), 06/07/2024 (e)(f)(g)(h) (Cost: $445,512; Original Acquisition Date: 04/21/2023)		464,000		445,254
Easton Re 2020-1 Class A (T-Bill 3 Month + 4.530%), 01/08/2024 (e)(f)(g)(h) (Cost: $952,427; Original Acquisition Date: 04/21/2023)		980,000		951,727
Finca Re 2022-1 Class A (T-Bill 3 Month + 7.750%), 06/07/2029 (e)(f)(g)(h) (Cost: $393,511; Original Acquisition Date: 04/21/2023)		406,000		393,495
Four Lakes Re 2020-1 Class B (T-Bill 3 Month + 10.160%), 01/05/2024 (e)(f)(g)(h) (Cost: $391,106; Original Acquisition Date: 04/21/2023)		435,000		390,195
Four Lakes Re 2021-1 Class A (T-Bill 3 Month + 4.270%), 07/01/2025 (e)(f)(g)(h) (Cost: $376,955; Original Acquisition Date: 04/21/2023)		406,000		376,788
Galileo Re 2019-1 Class C (T-Bill 3 Month + 9.870%), 01/08/2024 (e)(f)(g)(h) (Cost: $331,313; Original Acquisition Date: 04/21/2023)		348,000		331,661
Herbie Re 2020-1 Class A (T-Bill 3 Month + 9.130%), 07/08/2024 (e)(f)(g)(h) (Cost: $739,942; Original Acquisition Date: 04/21/2023)		799,000		739,115
Herbie Re 2020-2 Class B (T-Bill 3 Month + 9.720%), 01/08/2025 (e)(f)(g)(h) (Cost: $428,599; Original Acquisition Date: 04/21/2023)		464,000		427,947
Hypatia Ltd. 2023-1 Class A (T-Bill 3 Month + 9.500%), 04/08/2026 (e)(f)(g)(h) (Cost: $361,801; Original Acquisition Date: 04/21/2023)		362,000		361,801
Kilimanjaro III Re 2019-1 Class A-1 (T-Bill 3 Month + 16.660%), 12/19/2023 (e)(f)(g)(h)(i) (Cost: $437,948; Original Acquisition Date: 04/21/2023)		782,000		430,100
Kilimanjaro III Re 2019-1 Class A-2 (T-Bill 3 Month + 16.660%), 12/19/2024 (e)(f)(g)(h)(i) (Cost: $712,481; Original Acquisition Date: 04/21/2023)		1,288,000		708,400
Kilimanjaro III Re 2019-1 Class B-1 (T-Bill 3 Month + 9.910%), 12/19/2023 (e)(f)(g)(h) (Cost: $1,406,061; Original Acquisition Date: 04/21/2023)		1,449,000		1,405,675
Kilimanjaro III Re 2019-1 Class B-2 (T-Bill 3 Month + 9.910%), 12/19/2024 (e)(f)(g)(h) (Cost: $1,013,114; Original Acquisition Date: 04/21/2023)		1,072,000		1,012,665

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

20

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 9.5% (continued)
Kilimanjaro Re 2018-2 Class A-2 (3 Month Libor USD + 13.610%), 05/05/2023 (e)(f)(g)(h) (Cost: $771,171; Original Acquisition Date: 04/21/2023)	$	793,000	$	733,128
Kilimanjaro Re 2018-2 Class B-2 (3 Month Libor USD + 4.940%), 05/05/2023 (e)(f)(g)(h) (Cost: $990,820; Original Acquisition Date: 04/21/2023)		991,000		990,504
Locke Tavern Re 2023-1 Class A (T-Bill 3 Month + 4.750%), 04/09/2030 (e)(f)(g)(h) (Cost: $674,438; Original Acquisition Date: 04/21/2023)		674,000		674,438
Long Point Re IV 2022-1 Class A (T-Bill 3 Month + 4.250%), 06/01/2026 (e)(f)(g)(h) (Cost: $3,913,011; Original Acquisition Date: 04/21/2023)		3,940,000		3,916,360
Matterhorn Re SR2022-2 Class C (SOFR + 9.025%), 06/07/2024 (e)(f)(g)(h) (Cost: $344,817; Original Acquisition Date: 04/21/2023)		348,000		344,764
Merna Re II 2022-2 Class A (T-Bill 3 Month + 7.500%), 07/09/2029 (e)(f)(g)(h) (Cost: $747,576; Original Acquisition Date: 04/21/2023)		869,000		747,340
Merna Re II 2023-1 Class A (T-Bill 3 Month + 7.750%), 07/07/2026 (e)(f)(g)(h) (Cost: $1,034,120; Original Acquisition Date: 04/21/2023)		1,035,000		1,033,603
Merna Re II 2023-2 Class A (T-Bill 3 Month + 10.250%), 07/07/2026 (e)(f)(g)(h) (Cost: $1,249,700; Original Acquisition Date: 04/21/2023)		1,242,000		1,249,452
MetroCat Re 2020-1 Class A (T-Bill 3 Month + 5.500%), 05/09/2023 (e)(f)(g)(h) (Cost: $711,110; Original Acquisition Date: 04/21/2023)		712,000		710,220
Mona Lisa Re 2021-1 Class A (T-Bill 3 Month + 7.000%), 07/08/2025 (e)(f)(g)(h) (Cost: $1,313,895; Original Acquisition Date: 04/21/2023)		1,478,000		1,318,007
Mystic Re IV 2021-1 Class A (T-Bill 3 Month + 9.750%), 01/08/2024 (e)(f)(g)(h) (Cost: $1,951,502; Original Acquisition Date: 04/21/2023)		2,044,000		1,962,853
Mystic Re IV 2021-2 Class A (T-Bill 3 Month + 6.130%), 01/08/2025 (e)(f)(g)(h) (Cost: $1,712,694; Original Acquisition Date: 04/21/2023)		1,883,000		1,711,270
Mystic Re IV 2023-1 Class A (T-Bill 3 Month + 9.250%), 01/08/2026 (e)(f)(g)(h) (Cost: $689,262; Original Acquisition Date: 04/21/2023)		687,000		689,267
Northshore Re II 2021-1 Class A (T-Bill 3 Month + 5.750%), 01/08/2024 (e)(f)(g)(h) (Cost: $851,656; Original Acquisition Date: 04/21/2023)		869,000		851,316
Residential Re 2020-II Class 4 (T-Bill 3 Month + 6.180%), 12/06/2024 (e)(f)(g)(h) (Cost: $544,270; Original Acquisition Date: 04/21/2023)		577,000		544,169
Residential Re 2021-I Class 11 (T-Bill 3 Month + 9.910%), 06/06/2025 (e)(f)(g)(h) (Cost: $923,193; Original Acquisition Date: 04/21/2023)		1,159,000		921,637
Residential Re 2021-I Class 12 (T-Bill 3 Month + 5.220%), 06/06/2025 (e)(f)(g)(h) (Cost: $594,581; Original Acquisition Date: 04/21/2023)		695,000		593,912
Residential Re 2021-I Class 13 (T-Bill 3 Month + 3.590%), 06/06/2025 (e)(f)(g)(h) (Cost: $611,705; Original Acquisition Date: 04/21/2023)		695,000		611,114
Residential Re 2021-I Class 14 (T-Bill 3 Month + 2.500%), 06/06/2025 (e)(f)(g)(h) (Cost: $817,702; Original Acquisition Date: 04/21/2023)		898,000		817,135
Residential Re 2022-I Class 11 (T-Bill 3 Month + 12.500%), 06/06/2030 (e)(f)(g)(h) (Cost: $329,311; Original Acquisition Date: 04/21/2023)		406,000		329,286
Residential Re 2022-I Class 12 (T-Bill 3 Month + 7.500%), 06/06/2029 (e)(f)(g)(h) (Cost: $484,320; Original Acquisition Date: 04/21/2023)		579,000		484,218
Residential Re 2022-I Class 13 (T-Bill 3 Month + 5.250%), 06/06/2030 (e)(f)(g)(h) (Cost: $1,212,368; Original Acquisition Date: 04/21/2023)		1,391,000		1,212,117
Residential Re 2022-I Class 14 (T-Bill 3 Month + 4.000%), 06/06/2026 (e)(f)(g)(h) (Cost: $1,580,150; Original Acquisition Date: 04/21/2023)		1,738,000		1,579,408

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

21

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PRINCIPAL AMOUNT		VALUE
Multiperil - 9.5% (continued)
Residential Re 2023-I Class 13 (T-Bill 3 Month + 10.500%), 06/06/2030 (e)(f)(g)(h) (Cost: $1,550,000; Original Acquisition Date: 04/28/2023)	$	1,550,000	$	1,550,000
Residential Re 2023-I Class 14 (T-Bill 3 Month + 6.500%), 06/06/2030 (e)(f)(g)(h) (Cost: $1,550,000; Original Acquisition Date: 04/28/2023)		1,550,000		1,550,000
Riverfront Re 2021 Class A (T-Bill 3 Month + 4.240%), 01/07/2025 (e)(f)(g)(h) (Cost: $1,276,668; Original Acquisition Date: 04/21/2023)		1,362,000		1,275,922
Riverfront Re 2021 Class B (T-Bill 3 Month + 6.500%), 01/07/2025 (e)(f)(g)(h) (Cost: $279,986; Original Acquisition Date: 04/21/2023)		319,000		279,651
Sakura Re 2022-1 Class A (T-Bill 3 Month + 13.500%), 01/06/2030 (e)(f)(g)(h) (Cost: $678,082; Original Acquisition Date: 04/21/2023)		685,000		681,507
Sanders Re II 2020-1 Class A (T-Bill 3 Month + 4.250%), 04/07/2024 (e)(f)(g)(h) (Cost: $551,519; Original Acquisition Date: 04/21/2023)		558,000		551,444
Sanders Re II 2021-1 Class A (T-Bill 3 Month + 3.250%), 04/07/2025 (e)(f)(g)(h) (Cost: $687,265; Original Acquisition Date: 04/21/2023)		724,000		687,112
Sanders Re II 2021-2 Class A (T-Bill 3 Month + 3.090%), 04/07/2025 (e)(f)(g)(h) (Cost: $443,746; Original Acquisition Date: 04/21/2023)		464,000		443,723
Sanders Re III 2022-1 Class A (T-Bill 3 Month + 3.500%), 04/09/2029 (e)(f)(g)(h) (Cost: $1,097,901; Original Acquisition Date: 04/21/2023)		1,159,000		1,098,210
Sanders Re III 2022-1 Class B (T-Bill 3 Month + 10.750%), 04/09/2029 (e)(f)(g)(h) (Cost: $731,078; Original Acquisition Date: 04/21/2023)		811,000		730,995
Sanders Re III 2022-2 Class A (T-Bill 3 Month + 6.500%), 06/07/2028 (e)(f)(g)(h) (Cost: $1,115,797; Original Acquisition Date: 04/21/2023)		1,188,000		1,115,948
Sanders Re III 2022-2 Class B (T-Bill 3 Month + 8.750%), 06/07/2028 (e)(f)(g)(h) (Cost: $724,931; Original Acquisition Date: 04/21/2023)		811,000		724,831
Sanders Re III 2022-3 Class A (T-Bill 3 Month + 6.250%), 04/08/2030 (e)(f)(g)(h) (Cost: $615,580; Original Acquisition Date: 04/21/2023)		604,000		615,869
Sanders Re III 2023-1 Class A (T-Bill 3 Month + 5.750%), 04/08/2030 (e)(f)(g)(h) (Cost: $416,494; Original Acquisition Date: 04/21/2023)		415,000		416,660
Sanders Re III 2023-1 Class B (T-Bill 3 Month + 15.500%), 04/08/2030 (e)(f)(g)(h) (Cost: $516,860; Original Acquisition Date: 04/21/2023)		518,000		516,860
Sussex Capital UK PCC 2020-1 (T-Bill 3 Month + 8.380%), 01/08/2025 (e)(f)(g)(h) (Cost: $1,580,259; Original Acquisition Date: 04/21/2023)		1,738,000		1,578,799
Titania Re 2021-1 Class A (T-Bill 3 Month + 5.030%), 06/21/2024 (e)(f)(g)(h) (Cost: $924,084; Original Acquisition Date: 04/21/2023)		985,000		924,620
Titania Re 2021-2 Class A (T-Bill 3 Month + 6.500%), 12/27/2024 (e)(f)(g)(h) (Cost: $468,361; Original Acquisition Date: 04/21/2023)		521,000		467,832
Topanga Re 2021-1 Class A (T-Bill 3 Month + 4.990%), 01/08/2026 (e)(f)(g)(h) (Cost: $712,314; Original Acquisition Date: 04/21/2023)		811,000		716,194
Topanga Re 2021-1 Class B (T-Bill 3 Month + 16.800%), 01/08/2024 (e)(f)(g)(h) (Cost: $311,635; Original Acquisition Date: 04/21/2023)		348,000		311,564
Vista Re 2022-1 Class A (T-Bill 3 Month + 14.500%), 05/21/2025 (e)(f)(g)(h) (Cost: $496,679; Original Acquisition Date: 04/21/2023)		521,000		500,499
Yosemite Re 2022-1 Class A (T-Bill 3 Month + 9.750%), 06/06/2025 (e)(f)(g)(h) (Cost: $558,390; Original Acquisition Date: 04/21/2023)		579,000		558,272
				52,091,636
Windstorm - 9.2%
Alamo Re 2020-1 Class A (T-Bill 3 Month + 5.520%), 06/08/2023 (e)(f)(g)(h) (Cost: $2,428,486; Original Acquisition Date: 04/21/2023)		2,425,000		2,429,122

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

22

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PRINCIPAL AMOUNT		VALUE
Windstorm - 9.2% (continued)
Alamo Re 2021-1 Class A (T-Bill 3 Month + 4.090%), 06/07/2024 (e)(f)(g)(h) (Cost: $4,177,977; Original Acquisition Date: 04/21/2023)	$	4,292,000	$	4,156,802
Alamo Re 2022-1 Class A (T-Bill 3 Month + 7.250%), 06/09/2025 (e)(f)(g)(h) (Cost: $1,212,192; Original Acquisition Date: 04/21/2023)		1,246,000		1,212,233
Alamo Re 2023-1 Class A (T-Bill 3 Month + 8.500%), 06/07/2026 (e)(f)(g)(h) (Cost: $4,667,748; Original Acquisition Date: 04/12/2023)		4,668,000		4,665,666
Astro Re 2021-1 Class A (T-Bill 3 Month + 8.750%), 07/08/2025 (e)(f)(g)(h) (Cost: $313,430; Original Acquisition Date: 04/21/2023)		417,000		312,750
Blue Halo Re 2020-1 Class A (T-Bill 3 Month + 13.250%), 06/28/2023 (e)(f)(g)(h) (Cost: $548,308; Original Acquisition Date: 04/21/2023)		566,000		545,681
Bonanza Re 2022-2 Class A (T-Bill 3 Month + 5.750%), 03/16/2025 (e)(f)(g)(h) (Cost: $429,768; Original Acquisition Date: 04/21/2023)		521,000		429,174
Cape Lookout Re 2021-1 Class A (T-Bill 3 Month + 3.220%), 03/22/2024 (e)(f)(g)(h) (Cost: $1,224,833; Original Acquisition Date: 04/21/2023)		1,275,000		1,225,275
Cape Lookout Re 2022-1 Class A (T-Bill 3 Month + 5.000%), 03/28/2025 (e)(f)(g)(h) (Cost: $2,860,842; Original Acquisition Date: 04/21/2023)		3,013,000		2,860,241
Cape Lookout Re 2023-1 Class A (T-Bill 3 Month + 6.500%), 04/28/2026 (e)(f)(g)(h) (Cost: $5,281,714; Original Acquisition Date: 04/14/2023)		5,282,000		5,279,359
Catahoula Re II 2022-1 Class A (T-Bill 3 Month + 9.500%), 06/16/2025 (e)(f)(g)(h) (Cost: $898,470; Original Acquisition Date: 04/21/2023)		985,000		903,343
Catahoula Re II 2022-1 Class B (T-Bill 3 Month + 13.000%), 06/16/2025 (e)(f)(g)(h) (Cost: $884,446; Original Acquisition Date: 04/21/2023)		927,000		884,034
Citrus Re 2022-1 Class A (T-Bill 3 Month + 5.100%), 06/07/2025 (e)(f)(g)(h) (Cost: $697,429; Original Acquisition Date: 04/21/2023)		724,000		703,837
Citrus Re 2023-1 Class A (T-Bill 3 Month + 6.750%), 06/07/2026 (e)(f)(g)(h)(i) (Cost: $828,000; Original Acquisition Date: 04/27/2023)		828,000		828,000
Citrus Re 2023-1 Class B (T-Bill 3 Month + 9.000%), 06/07/2026 (e)(f)(g)(h)(i) (Cost: $719,000; Original Acquisition Date: 04/27/2023)		719,000		719,000
Cosaint Re 2021-1 Class A (T-Bill 3 Month + 9.510%), 04/03/2024 (e)(f)(g)(h) (Cost: $569,526; Original Acquisition Date: 04/21/2023)		811,000		565,672
Everglades Re II 2021-1 Class A (T-Bill 3 Month + 5.660%), 05/14/2024 (e)(f)(g)(h) (Cost: $2,531,969; Original Acquisition Date: 04/21/2023)		2,752,000		2,539,958
Everglades Re II 2021-1 Class B (T-Bill 3 Month + 6.320%), 05/14/2024 (e)(f)(g)(h) (Cost: $3,158,378; Original Acquisition Date: 04/21/2023)		3,679,000		3,165,779
Everglades Re II 2021-2 Class A (T-Bill 3 Month + 5.900%), 05/14/2024 (e)(f)(g)(h) (Cost: $2,982,513; Original Acquisition Date: 04/21/2023)		3,245,000		2,982,804
Everglades Re II 2022-1 Class A (T-Bill 3 Month + 7.750%), 05/19/2025 (e)(f)(g)(h) (Cost: $1,750,176; Original Acquisition Date: 04/21/2023)		1,883,000		1,751,849
First Coast Re III 2021-1 Class A (T-Bill 3 Month + 6.180%), 04/07/2025 (e)(f)(g)(h) (Cost: $362,507; Original Acquisition Date: 04/21/2023)		406,000		362,213
Gateway Re 2022-1 Class A (T-Bill 3 Month + 8.500%), 05/12/2025 (e)(f)(g)(h) (Cost: $1,050,707; Original Acquisition Date: 04/21/2023)		1,101,000		1,038,959

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

23

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PRINCIPAL AMOUNT		VALUE
Windstorm - 9.2% (continued)
Gateway Re 2023-1 Class A (T-Bill 3 Month + 13.000%), 02/24/2026 (e)(f)(g)(h) (Cost: $1,927,420; Original Acquisition Date: 04/13/2023)	$	1,887,000	$	1,913,984
Gateway Re 2023-1 Class B (T-Bill 3 Month + 20.000%), 02/24/2026 (e)(f)(g)(h) (Cost: $402,066; Original Acquisition Date: 04/21/2023)		408,000		402,125
Gateway Re II 2023-1 Class A (T-Bill 3 Month + 9.500%), 04/27/2030 (e)(f)(g)(h) (Cost: $1,099,941; Original Acquisition Date: 04/21/2023)		1,100,000		1,099,450
Hestia Re 2022-1 Class A (T-Bill 3 Month + 9.500%), 04/22/2025 (e)(f)(g)(h) (Cost: $926,031; Original Acquisition Date: 04/21/2023)		1,159,000		931,372
Integrity Re 2020-1 Class A (3 Month Libor USD + 7.530%), 04/12/2028 (e)(f)(g)(h)(i) (Cost: $512,998; Original Acquisition Date: 04/21/2023)		891,000		512,325
Integrity Re 2022-1 Class A (T-Bill 3 Month + 7.000%), 06/06/2025 (e)(f)(g)(h) (Cost: $665,554; Original Acquisition Date: 04/21/2023)		782,000		664,700
Integrity Re 2023-1 Class A (T-Bill 3 Month + 12.000%), 06/06/2025 (e)(f)(g)(h) (Cost: $672,551; Original Acquisition Date: 04/21/2023)		674,000		672,585
Lightning Re 2023-1 Class A (T-Bill 3 Month + 11.000%), 03/31/2030 (e)(f)(g)(h) (Cost: $2,079,732; Original Acquisition Date: 04/21/2023)		2,124,000		2,150,444
Merna Re II 2021-2 Class A (T-Bill 3 Month + 5.500%), 07/08/2024 (e)(f)(g)(h) (Cost: $1,333,390; Original Acquisition Date: 04/21/2023)		1,564,000		1,329,400
Pelican IV Re 2021-1 Class A (T-Bill 3 Month + 2.250%), 05/07/2027 (e)(f)(g)(h)(i) (Cost: $129; Original Acquisition Date: 04/21/2023)		319,000		16
Pelican IV Re 2021-1 Class B (T-Bill 3 Month + 5.355%), 05/07/2027 (e)(f)(g)(h)(i) (Cost: $152; Original Acquisition Date: 04/21/2023)		377,000		19
Purple Re 2023-1 Class A (T-Bill 3 Month + 12.250%), 04/24/2030 (e)(f)(g)(h) (Cost: $931,907; Original Acquisition Date: 04/21/2023)		932,000		931,534
				50,169,705
				141,943,191
TOTAL EVENT LINKED BONDS (Cost $174,868,815)				174,732,572
	SHARES		FAIR VALUE
INVESTMENT COMPANIES - 7.9%
Open-End Mutual Funds - 7.9%
Stone Ridge High Yield Reinsurance Risk Premium Fund - Class I (j)		4,995,380		43,160,084
TOTAL INVESTMENT COMPANIES (Cost $41,639,091)				43,160,084
	PRINCIPAL AMOUNT		VALUE
PARTICIPATION NOTES - 5.9%
Global - 5.9%
Multiperil - 1.3%
Eden Re II 2021-1 Class B 03/21/2025 (e)(g)(h)(i)(k)(l) (Cost: $151,533; Original Acquisition Date: 04/21/2023)	$	325,000		150,346
Eden Re II 2022-1 Class A 03/20/2026 (e)(g)(h)(i)(k)(l) (Cost: $237,954; Original Acquisition Date: 04/21/2023)		408,000		237,184
Eden Re II 2022-1 Class B 03/20/2026 (e)(g)(h)(i)(k)(l) (Cost: $576,650; Original Acquisition Date: 04/21/2023)		948,000		574,956
Eden Re II 2023-1 Class B 03/19/2027 (e)(g)(h)(i)(k)(l) (Cost: $5,735,862; Original Acquisition Date: 04/21/2023)		5,423,000		5,755,043
Sector Re V Series 2022-Dec Class GL-R 12/01/2027 (e)(h)(i)(l) (Cost: $484,800; Original Acquisition Date: 04/21/2023)		454,000		487,726

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

24

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

				PRINCIPAL AMOUNT		VALUE
Multiperil - 1.3% (continued)
Sector Re V Series 2023-Apr Class GL-N 03/01/2028 (e)(h)(i)(k)(l) (Cost: $25,000,000; Original Acquisition Date: 04/25/2023)				$	25,000,000	$	25,000,000
TOTAL PARTICIPATION NOTES (Cost $32,186,801)							32,205,255
		NUMBER OF CONTRACTS		NOTIONAL AMOUNT		VALUE
PURCHASED OPTIONS - 0.2%
Put Options - 0.2%
Corn Futures, Expires: 5/26/23, Strike Price: $590.00			25		731,250		21,406
Cotton Option, Expires: 6/9/23, Strike Price: $83.00			50		2,020,000		109,750
S&P 500 Index, Expires: 5/12/23, Strike Price: $3,650.00			70		29,186,360		6,300
S&P 500 Index, Expires: 5/19/23, Strike Price: $3,200.00			310		129,253,880		17,825
S&P 500 Index, Expires: 5/26/23, Strike Price: $3,650.00			70		29,186,360		22,400
S&P 500 Index, Expires: 6/2/23, Strike Price: $3,200.00			160		66,711,680		23,200
S&P 500 Index, Expires: 6/2/23, Strike Price: $3,300.00			157		65,460,836		29,045
S&P 500 Index, Expires: 12/20/24, Strike Price: $3,500.00			30		12,508,440		463,500
Soybean Futures, Expires: 5/26/23, Strike Price: $1,400.00			25		1,774,063		20,853
Soybean Futures, Expires: 5/26/23, Strike Price: $1,410.00			30		2,128,875		30,188
Sugar Futures, Expires: 5/15/23, Strike Price: $23.75			25		737,800		1,680
Wheat Future, Expires: 5/26/23, Strike Price: $620.00			50		1,584,375		39,688
Wheat Future, Expires: 5/26/23, Strike Price: $625.00			50		1,584,375		45,625
Wheat Future, Expires: 5/26/23, Strike Price: $630.00			50		1,584,375		51,875
							883,335
		COUNTERPARTY
OTC Put Options (m) - 0.0%
AUD/JPY, Expires: 6/8/23, Strike Price: $83.50	Barclays Bank PLC				60,000,000		60,894
AUD/JPY, Expires: 7/3/23, Strike Price: $83.50	Barclays Bank PLC				65,000,000		178,728
							239,622
TOTAL PUT OPTIONS (Cost $2,145,502)							1,122,957
		NUMBER OF CONTRACTS
Call Options (m) - 0.0%
Corn Futures, Expires: 5/26/23, Strike Price: $655.00			25		731,250		1,094
Cotton Futures, Expires: 6/9/23, Strike Price: $84.00			50		2,020,000		46,500
Soybean Futures, Expires: 5/26/23, Strike Price: $1,430.00			25		1,774,063		23,509
Soybean Futures, Expires: 5/26/23, Strike Price: $1,440.00			25		1,774,063		19,916
Sugar Futures, Expires: 5/15/23, Strike Price: $23.75			25		737,800		74,480
TOTAL CALL OPTIONS (Cost $163,272)							165,499
TOTAL PURCHASED OPTIONS (Cost $2,308,774)							1,288,456
				SHARES		VALUE
SHORT-TERM INVESTMENTS - 39.3%
Money Market Funds - 5.6%
First American Government Obligations Fund - Class X 4.14% (n)					15,171,819		15,171,819
Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class 4.14% (n)					15,171,818		15,171,818
							30,343,637

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

25

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PRINCIPAL AMOUNT		VALUE
U.S. Treasury Bills - 33.7%
2.895%, 7/13/2023 (o)(p)	$	8,900,000	$	8,812,200
3.395%, 8/10/2023 (o)(p)		18,000,000		17,752,878
4.087%, 9/7/2023 (o)(p)		22,000,000		21,618,742
4.591%, 10/5/2023 (o)(p)		13,000,000		12,726,867
4.765%, 11/2/2023 (o)(p)		20,000,000		19,511,806
4.740%, 11/30/2023 (o)(p)		18,650,000		18,162,382
4.740%, 12/28/2023 (o)(p)		10,000,000		9,708,290
1.865%, 1/25/2024 (o)(p)		19,000,000		18,365,207
4.904%, 2/22/2024 (o)(p)		5,000,000		4,813,481
4.130% 3/21/2024 (o)(p)		38,000,000		36,419,029
4.762% 4/18/2024 (o)(p)		17,000,000		16,240,290
				184,131,172
TOTAL SHORT-TERM INVESTMENTS (Cost $214,724,009)				214,474,809

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
WHOLE LOANS - 7.5%
Consumer Loans - 7.5%
United States - 7.5%
185043849.SRDLC, 13.49%, 02/10/2027 (a)(q)	Lending Club		02/14/2022	$	10,160	$	10,160	$	9,898
185102286.SRDLC, 8.99%, 02/16/2025 (a)(q)	Lending Club		02/11/2022		5,479		5,479		5,342
185222071.SRDLC, 14.19%, 02/09/2025 (a)(l)(q)	Lending Club		02/11/2022		2,357		2,357		515
185240121.SRDLC, 14.99%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		18,568		18,568		18,058
185241731.SRDLC, 18.49%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		10,935		10,935		10,669
185262054.SRDLC, 8.99%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		15,424		15,424		15,048
185262514.SRDLC, 27.99%, 02/23/2025 (a)(q)	Lending Club		02/16/2022		5,004		5,004		4,907
185340369.SRDLC, 15%, 07/18/2027 (a)(l)(q)	Lending Club		02/23/2022		10,505		10,505		5,618
185362448.SRDLC, 20.99%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		4,098		4,098		3,972
185434476.SRDLC, 9.59%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		9,671		9,671		9,441
185456190.SRDLC, 12.49%, 02/08/2025 (a)(q)	Lending Club		02/16/2022		9,133		9,133		8,835
185513199.SRDLC, 28.99%, 02/24/2027 (a)(q)	Lending Club		02/28/2022		3,148		3,148		3,169
185537602.SRDLC, 11.49%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		32,599		32,599		31,765
185539968.SRDLC, 23.99%, 02/23/2027 (a)(l)(q)	Lending Club		02/16/2022		5,373		5,373		1,144
185575065.SRDLC, 24.99%, 02/25/2027 (a)(l)(q)	Lending Club		03/01/2022		11,377		11,377		10,764
185617758.SRDLC, 12.99%, 02/18/2025 (a)(q)	Lending Club		02/11/2022		13,400		13,400		13,011
185623354.SRDLC, 9.24%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		20,593		20,593		20,105
185642943.SRDLC, 14.71%, 02/09/2025 (a)(q)	Lending Club		02/11/2022		3,791		3,791		3,694
185661524.SRDLC, 5.99%, 02/29/2024 (a)(l)(q)	Lending Club		02/18/2022		4,752		4,752		4,690
185665084.SRDLC, 9.24%, 02/14/2025 (a)(l)(q)	Lending Club		02/16/2022		6,434		6,434		6,281
185668066.SRDLC, 5.99%, 02/09/2025 (a)(q)	Lending Club		02/11/2022		18,968		18,968		18,557
185670728.SRDLC, 7.49%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		4,979		4,979		4,882
185670829.SRDLC, 12.49%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		5,237		5,237		5,088
185710985.SRDLC, 9.49%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		11,621		11,621		11,260
185716280.SRDLC, 7.49%, 02/25/2025 (a)(q)	Lending Club		03/01/2022		7,650		7,650		7,483
185741639.SRDLC, 17.94%, 02/13/2025 (a)(q)	Lending Club		02/15/2022		6,741		6,741		6,544
185754712.SRDLC, 7.74%, 02/10/2025 (a)(q)	Lending Club		02/14/2022		7,660		7,660		7,476
185771295.SRDLC, 7.24%, 02/28/2025 (a)(q)	Lending Club		02/24/2022		3,190		3,189		3,118
185780292.SRDLC, 21.49%, 02/10/2027 (a)(q)	Lending Club		02/14/2022		15,329		15,329		14,959
185783823.SRDLC, 11.19%, 02/28/2027 (a)(l)(q)	Lending Club		02/24/2022		8,310		8,310		8,064
185790106.SRDLC, 18.99%, 02/24/2025 (a)(q)	Lending Club		02/15/2022		23,939		23,939		23,368
185805124.SRDLC, 12.49%, 02/15/2025 (a)(q)	Lending Club		02/17/2022		19,645		19,645		18,993
185807144.SRDLC, 15.99%, 02/09/2027 (a)(q)	Lending Club		02/11/2022		33,284		33,284		32,206
185808493.SRDLC, 8.99%, 02/28/2027 (a)(l)(q)	Lending Club		02/23/2022		11,105		11,105		10,743
185816655.SRDLC, 8.74%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		6,018		6,018		5,867

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

26

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
185816728.SRDLC, 10.99%, 02/28/2025 (a)(q)	Lending Club		02/24/2022	$	11,650	$	11,650	$	11,309
185818512.SRDLC, 12.74%, 02/15/2027 (a)(q)	Lending Club		03/02/2022		32,597		32,597		31,752
185821978.SRDLC, 6.49%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		12,680		12,680		12,403
185836040.SRDLC, 4.99%, 02/20/2025 (a)(q)	Lending Club		02/15/2022		15,121		15,121		14,781
185865725.SRDLC, 11.49%, 02/09/2025 (a)(q)	Lending Club		02/11/2022		7,816		7,816		7,588
185866588.SRDLC, 20.44%, 02/28/2027 (a)(q)	Lending Club		02/16/2022		20,971		20,971		19,426
185884862.SRDLC, 30.49%, 06/22/2025 (a)(l)(q)	Lending Club		02/24/2022		4,617		4,617		690
185885230.SRDLC, 17.19%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		12,547		12,547		12,035
185890987.SRDLC, 16.49%, 03/07/2025 (a)(l)(q)	Lending Club		03/09/2022		7,555		7,555		2,890
185919562.SRDLC, 18.19%, 03/04/2025 (a)(l)(q)	Lending Club		03/08/2022		8,221		8,221		1,229
185924532.SRDLC, 8.99%, 02/17/2027 (a)(q)	Lending Club		02/22/2022		31,545		31,545		30,590
185930253.SRDLC, 7.09%, 02/24/2027 (a)(q)	Lending Club		02/28/2022		12,756		12,756		12,399
185933330.SRDLC, 22.99%, 02/25/2025 (a)(q)	Lending Club		03/01/2022		10,343		10,343		10,038
185933778.SRDLC, 13.99%, 02/10/2025 (a)(l)(q)	Lending Club		02/14/2022		8,762		8,762		8,510
185941933.SRDLC, 5.99%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		10,116		10,116		9,896
185947404.SRDLC, 16.74%, 02/15/2027 (a)(q)	Lending Club		02/17/2022		28,907		28,907		27,997
185965085.SRDLC, 4.99%, 02/11/2027 (a)(q)	Lending Club		02/15/2022		11,826		11,826		11,432
185970566.SRDLC, 5.09%, 02/18/2025 (a)(q)	Lending Club		02/23/2022		1,730		1,730		1,692
185982944.SRDLC, 5.99%, 02/15/2025 (a)(q)	Lending Club		02/11/2022		1,900		1,900		1,858
185983273.SRDLC, 5.09%, 02/09/2025 (a)(q)	Lending Club		02/11/2022		11,638		11,638		11,385
185994538.SRDLC, 10.09%, 02/11/2025 (a)(q)	Lending Club		02/15/2022		25,859		25,859		25,247
185995458.SRDLC, 8.99%, 02/15/2027 (a)(q)	Lending Club		02/17/2022		12,075		12,075		11,704
186000552.SRDLC, 12.74%, 02/15/2025 (a)(q)	Lending Club		02/11/2022		7,892		7,892		7,626
186002006.SRDLC, 5.94%, 02/28/2025 (a)(l)(q)	Lending Club		02/18/2022		7,136		7,136		6,977
186004968.SRDLC, 6.59%, 02/28/2025 (a)(l)(q)	Lending Club		03/02/2022		7,762		7,762		1,160
186008277.SRDLC, 17.94%, 02/23/2025 (a)(l)(q)	Lending Club		02/25/2022		31,032		31,032		4,639
186008308.SRDLC, 11.24%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		7,805		7,805		7,587
186008372.SRDLC, 7.24%, 03/07/2025 (a)(q)	Lending Club		03/04/2022		6,380		6,380		6,237
186016502.SRDLC, 14.19%, 04/19/2027 (a)(q)	Lending Club		03/08/2022		20,292		20,292		19,441
186016736.SRDLC, 6.59%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		13,775		13,775		13,312
186019656.SRDLC, 23.99%, 02/11/2025 (a)(l)(q)	Lending Club		02/15/2022		4,187		4,187		4,032
186019990.SRDLC, 8.24%, 02/15/2025 (a)(q)	Lending Club		02/17/2022		9,601		9,601		9,366
186020936.SRDLC, 7.99%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		1,918		1,918		1,871
186023728.SRDLC, 5.99%, 02/09/2025 (a)(q)	Lending Club		02/11/2022		5,058		5,058		4,949
186024590.SRDLC, 6.59%, 02/09/2027 (a)(q)	Lending Club		02/11/2022		11,927		11,927		11,535
186025925.SRDLC, 14.19%, 03/09/2027 (a)(q)	Lending Club		03/11/2022		12,582		12,582		12,047
186029660.SRDLC, 6.59%, 02/15/2027 (a)(q)	Lending Club		02/17/2022		23,059		23,059		22,301
186031815.SRDLC, 11.99%, 02/09/2025 (a)(q)	Lending Club		02/11/2022		7,836		7,836		7,609
186034822.SRDLC, 9.49%, 02/16/2027 (a)(q)	Lending Club		02/18/2022		24,211		24,211		23,472
186035989.SRDLC, 6.49%, 02/09/2025 (a)(q)	Lending Club		02/11/2022		4,565		4,565		4,466
186036775.SRDLC, 8.49%, 07/11/2025 (a)(l)(q)	Lending Club		02/11/2022		15,194		15,194		1,946
186036790.SRDLC, 7.44%, 02/15/2027 (a)(q)	Lending Club		02/17/2022		27,954		27,954		27,165
186038132.SRDLC, 24.99%, 03/03/2027 (a)(q)	Lending Club		03/01/2022		16,872		16,872		15,896
186038736.SRDLC, 10.49%, 02/25/2025 (a)(q)	Lending Club		02/24/2022		6,486		6,486		6,303
186041625.SRDLC, 17.99%, 03/19/2025 (a)(q)	Lending Club		03/09/2022		17,619		17,775		17,051
186050704.SRDLC, 13.04%, 02/09/2025 (a)(q)	Lending Club		02/11/2022		2,626		2,626		2,550
186052585.SRDLC, 26.49%, 02/21/2025 (a)(q)	Lending Club		02/14/2022		6,729		6,729		6,618
186052715.SRDLC, 10.24%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		16,172		16,172		15,687
186058758.SRDLC, 5.09%, 02/09/2025 (a)(q)	Lending Club		02/11/2022		13,840		13,840		13,493
186058908.SRDLC, 17.69%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		3,025		3,025		2,943
186059526.SRDLC, 12.19%, 02/10/2027 (a)(q)	Lending Club		02/14/2022		8,995		8,995		8,619
186060302.SRDLC, 5.99%, 02/17/2025 (a)(q)	Lending Club		02/22/2022		15,806		15,806		15,463
186061425.SRDLC, 6.59%, 02/09/2025 (a)(q)	Lending Club		02/11/2022		12,687		12,687		12,371
186063741.SRDLC, 20.49%, 07/04/2025 (a)(l)(q)	Lending Club		03/08/2022		12,008		12,141		11,503
186063949.SRDLC, 4.99%, 02/10/2025 (a)(l)(q)	Lending Club		02/14/2022		2,624		2,624		972

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

27

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186064509.SRDLC, 5.59%, 02/09/2025 (a)(q)	Lending Club		02/11/2022	$	2,208	$	2,208	$	2,153
186068704.SRDLC, 8.49%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		21,616		21,616		21,099
186070979.SRDLC, 7.24%, 02/10/2025 (a)(q)	Lending Club		02/14/2022		3,183		3,183		3,115
186075189.SRDLC, 28.99%, 02/11/2027 (a)(q)	Lending Club		02/15/2022		8,755		8,755		8,762
186078991.SRDLC, 13.74%, 03/28/2027 (a)(q)	Lending Club		02/14/2022		8,046		8,046		7,856
186080289.SRDLC, 6.49%, 02/10/2025 (a)(q)	Lending Club		02/14/2022		4,438		4,438		4,342
186083977.SRDLC, 10.24%, 02/10/2027 (a)(q)	Lending Club		02/14/2022		6,885		6,885		6,677
186084237.SRDLC, 5.99%, 02/16/2025 (a)(q)	Lending Club		02/14/2022		10,133		10,133		9,909
186084600.SRDLC, 7.59%, 02/15/2027 (a)(q)	Lending Club		02/11/2022		30,425		30,425		29,538
186086541.SRDLC, 24.99%, 02/11/2027 (a)(l)(q)	Lending Club		02/15/2022		8,128		8,128		7,684
186087410.SRDLC, 11.99%, 02/09/2025 (a)(l)(q)	Lending Club		02/11/2022		8,798		8,798		1,389
186089886.SRDLC, 16.94%, 02/09/2027 (a)(l)(q)	Lending Club		02/11/2022		15,335		15,335		4,574
186092349.SRDLC, 15.99%, 02/14/2027 (a)(q)	Lending Club		02/11/2022		16,696		16,696		16,152
186094747.SRDLC, 10.59%, 02/24/2025 (a)(q)	Lending Club		02/22/2022		14,962		14,962		14,535
186094950.SRDLC, 6.99%, 02/16/2025 (a)(q)	Lending Club		02/18/2022		5,245		5,245		5,132
186096639.SRDLC, 7.59%, 02/10/2027 (a)(q)	Lending Club		02/14/2022		31,173		31,173		30,292
186098721.SRDLC, 12.24%, 02/11/2027 (a)(q)	Lending Club		02/15/2022		26,541		26,541		25,435
186100035.SRDLC, 16.99%, 02/18/2025 (a)(q)	Lending Club		02/14/2022		3,301		3,301		3,187
186106421.SRDLC, 5.99%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		11,381		11,380		11,131
186106808.SRDLC, 23.49%, 02/10/2027 (a)(q)	Lending Club		02/14/2022		6,008		6,008		5,869
186107208.SRDLC, 18.49%, 02/16/2027 (a)(q)	Lending Club		02/14/2022		11,776		11,776		11,484
186107664.SRDLC, 11.99%, 02/22/2025 (a)(q)	Lending Club		02/14/2022		26,295		26,295		25,556
186108490.SRDLC, 14.99%, 02/10/2027 (a)(q)	Lending Club		02/14/2022		6,627		6,627		6,413
186110286.SRDLC, 9.24%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		3,539		3,539		3,454
186115028.SRDLC, 22.99%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		3,731		3,773		3,627
186116099.SRDLC, 18.19%, 02/10/2027 (a)(q)	Lending Club		02/14/2022		6,721		6,721		6,508
186118888.SRDLC, 29.49%, 03/09/2027 (a)(q)	Lending Club		03/04/2022		13,401		13,401		13,233
186118898.SRDLC, 10.59%, 02/17/2025 (a)(q)	Lending Club		02/22/2022		12,964		12,964		12,598
186119250.SRDLC, 16.19%, 02/28/2025 (a)(l)(q)	Lending Club		02/23/2022		4,222		4,222		4,090
186120139.SRDLC, 12.74%, 02/11/2025 (a)(q)	Lending Club		02/15/2022		3,605		3,605		3,489
186120864.SRDLC, 23.49%, 03/20/2027 (a)(q)	Lending Club		03/15/2022		16,212		16,212		15,789
186122704.SRDLC, 14.49%, 02/11/2025 (a)(q)	Lending Club		02/15/2022		5,110		5,110		4,968
186124468.SRDLC, 9.34%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		10,484		10,484		10,164
186126018.SRDLC, 19.99%, 02/24/2027 (a)(q)	Lending Club		02/28/2022		7,470		7,470		7,306
186127839.SRDLC, 15.19%, 02/11/2027 (a)(q)	Lending Club		02/15/2022		5,429		5,429		1,525
186130342.SRDLC, 5.99%, 02/24/2025 (a)(q)	Lending Club		02/15/2022		22,800		22,800		22,289
186131293.SRDLC, 15.19%, 02/26/2027 (a)(q)	Lending Club		02/15/2022		11,638		11,638		11,070
186133242.SRDLC, 9.34%, 02/11/2025 (a)(q)	Lending Club		02/15/2022		3,881		3,881		3,786
186133493.SRDLC, 14.49%, 02/11/2025 (a)(q)	Lending Club		02/15/2022		11,906		11,906		11,576
186134601.SRDLC, 6.59%, 02/11/2025 (a)(q)	Lending Club		02/15/2022		3,140		3,140		3,062
186134822.SRDLC, 8.99%, 02/11/2025 (a)(l)(q)	Lending Club		02/15/2022		1,378		1,378		1,353
186135609.SRDLC, 10.49%, 02/11/2025 (a)(q)	Lending Club		02/15/2022		6,478		6,478		6,292
186135953.SRDLC, 19.99%, 02/24/2027 (a)(q)	Lending Club		02/15/2022		6,843		6,843		6,448
186136661.SRDLC, 6.49%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		5,705		5,705		5,582
186137516.SRDLC, 23.49%, 02/11/2027 (a)(q)	Lending Club		02/15/2022		21,556		21,556		21,013
186137950.SRDLC, 4.99%, 02/28/2027 (a)(l)(q)	Lending Club		02/16/2022		22,572		22,572		21,792
186139201.SRDLC, 15.99%, 02/14/2025 (a)(q)	Lending Club		02/15/2022		6,674		6,674		6,478
186139447.SRDLC, 20.44%, 08/25/2027 (a)(q)	Lending Club		02/16/2022		33,878		33,878		31,746
186143484.SRDLC, 18.44%, 03/12/2025 (a)(q)	Lending Club		03/09/2022		3,160		3,160		3,059
186144111.SRDLC, 12.34%, 02/23/2025 (a)(q)	Lending Club		02/15/2022		6,580		6,580		6,396
186144333.SRDLC, 6.59%, 02/16/2027 (a)(q)	Lending Club		02/15/2022		11,624		11,624		11,295
186145906.SRDLC, 13.69%, 02/25/2027 (a)(l)(q)	Lending Club		02/15/2022		19,108		19,108		2,964
186147186.SRDLC, 18.49%, 02/16/2027 (a)(q)	Lending Club		02/15/2022		5,066		5,066		4,931
186149504.SRDLC, 30.99%, 02/11/2027 (a)(q)	Lending Club		02/15/2022		17,628		17,628		17,651
186152098.SRDLC, 22.99%, 02/15/2025 (a)(q)	Lending Club		02/15/2022		6,927		6,927		6,677

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

28

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST			VALUE
United States - 7.5% (continued)
186152237.SRDLC, 18.49%, 02/14/2027 (a)(q)	Lending Club		02/16/2022	$	11,776	$	11,776		$	11,489
186153238.SRDLC, 7.49%, 02/18/2025 (a)(q)	Lending Club		02/15/2022		25,607		25,607			24,969
186154920.SRDLC, 4.99%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		11,946		11,946			11,684
186156292.SRDLC, 14.49%, 02/11/2027 (a)(q)	Lending Club		02/15/2022		13,224		13,224			12,798
186156482.SRDLC, 24.99%, 02/11/2027 (a)(q)	Lending Club		02/15/2022		17,263		17,263			16,316
186158244.SRDLC, 22.99%, 02/11/2025 (a)(q)	Lending Club		02/15/2022		2,068		2,068			1,998
186160074.SRDLC, 16.94%, 02/25/2027 (a)(q)	Lending Club		03/01/2022		7,520		7,520			7,168
186161317.SRDLC, 23.19%, 03/02/2027 (a)(q)	Lending Club		03/04/2022		17,376		17,376			16,852
186161926.SRDLC, 9.84%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		13,000		13,000			12,586
186163058.SRDLC, 20.44%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		5,089		5,089			4,731
186163232.SRDLC, 8.99%, 02/21/2025 (a)(q)	Lending Club		02/16/2022		6,444		6,444			6,287
186163618.SRDLC, 5.99%, 02/18/2025 (a)(q)	Lending Club		02/16/2022		12,026		12,026			11,759
186164619.SRDLC, 9.84%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		21,303		21,303			20,613
186165363.SRDLC, 7.59%, 02/15/2027 (a)(q)	Lending Club		02/17/2022		7,993		7,993			7,768
186165439.SRDLC, 8.74%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		14,185		14,185			13,845
186168326.SRDLC, 14.01%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		7,976		7,976			7,722
186169162.SRDLC, 21.49%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		780		780			765
186169655.SRDLC, 7.24%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		3,820		3,820			3,737
186170688.SRDLC, 9.49%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		16,141		16,141			15,648
186171063.SRDLC, 20.99%, 02/23/2027 (a)(l)(q)	Lending Club		02/16/2022		21,088		21,088			4,289
186173853.SRDLC, 5.99%, 02/17/2025 (a)(q)	Lending Club		02/22/2022		25,290		25,290			24,740
186176306.SRDLC, 9.24%, 02/25/2025 (a)(q)	Lending Club		02/16/2022		12,931		12,931			12,616
186176757.SRDLC, 9.09%, 02/05/2025 (a)(q)	Lending Club		02/16/2022		2,977		2,977	��		2,917
186177952.SRDLC, 9.34%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		22,536		22,536			21,987
186178681.SRDLC, 22.99%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		4,137		4,137			3,999
186180834.SRDLC, 9.09%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		2,140		2,140			2,091
186183710.SRDLC, 6.49%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		6,625		6,625			6,482
186187343.SRDLC, 9.34%, 02/17/2025 (a)(q)	Lending Club		02/22/2022		5,778		5,778			5,638
186188347.SRDLC, 15.24%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		7,464		7,464			7,226
186192404.SRDLC, 11.49%, 03/01/2025 (a)(l)(q)	Lending Club		02/24/2022		1,498		1,498			1,460
186193863.SRDLC, 21.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		5,540		5,589			5,352
186193980.SRDLC, 6.74%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		9,523		9,523			9,317
186194140.SRDLC, 7.49%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		6,375		6,375			6,238
186194306.SRDLC, 6.99%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		11,443		11,443			11,197
186198172.SRDLC, 8.99%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		23,458		23,458			22,885
186199812.SRDLC, 15%, 06/14/2025 (a)(q)	Lending Club		02/16/2022		4,542		4,542			3,021
186200044.SRDLC, 20.99%, 02/14/2027 (a)(l)(q)	Lending Club		02/16/2022		33,761		33,761			5,047
186203190.SRDLC, 29.99%, 02/24/2027 (a)(q)	Lending Club		02/28/2022		16,164		16,164			16,276
186203478.SRDLC, 6%, 02/10/2025 (a)(q)	Lending Club		02/16/2022		3,697		3,697			3,619
186204014.SRDLC, 10.19%, 02/22/2027 (a)(l)(q)	Lending Club		02/24/2022		11,738		11,738			2,172
186204229.SRDLC, 10.99%, 02/17/2025 (a)(l)(q)	Lending Club		02/22/2022		3,906		3,906			3,783
186205905.SRDLC, 8.59%, 02/15/2027 (a)(q)	Lending Club		02/17/2022		11,247		11,247			10,901
186207781.SRDLC, 9.49%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		20,176		20,176			19,560
186208596.SRDLC, 4.99%, 02/16/2027 (a)(q)	Lending Club		02/16/2022		25,239		25,239			24,386
186208796.SRDLC, 11.84%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		6,192		6,192			6,020
186211572.SRDLC, 14.99%, 02/28/2027 (a)(l)(q)	Lending Club		02/16/2022		4,240		4,240			4,090
186212884.SRDLC, 9.99%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		9,708		9,708			9,415
186215262.SRDLC, 15.44%, 02/14/2025 (a)(l)(q)	Lending Club		02/16/2022		2,072		2,072			2,017
186219997.SRDLC, 6.99%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		23,904		23,904			23,122
186222490.SRDLC, 17.19%, 02/16/2027 (a)(q)	Lending Club		02/18/2022		33,460		33,460			32,414
186223918.SRDLC, 7.59%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		14,387		14,387			13,982
186226030.SRDLC, 23.49%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		8,585		8,585			8,371
186227457.SRDLC, 12.49%, 02/28/2025 (a)(q)	Lending Club		02/16/2022		2,600		2,600			2,512
186227792.SRDLC, 14.19%, 03/02/2025 (a)(q)	Lending Club		03/04/2022		13,732		13,732			13,333
186228314.SRDLC, 12.49%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		9,820		9,820			9,506

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

29

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186229168.SRDLC, 12.19%, 02/14/2025 (a)(q)	Lending Club		02/16/2022	$	6,536	$	6,536	$	6,350
186230040.SRDLC, 8.24%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		1,024		1,024		999
186230332.SRDLC, 15.44%, 06/23/2025 (a)(q)	Lending Club		02/25/2022		7,540		7,540		7,285
186230437.SRDLC, 13.24%, 02/10/2025 (a)(q)	Lending Club		02/16/2022		7,352		7,352		7,120
186231687.SRDLC, 4.99%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		12,615		12,615		12,190
186232036.SRDLC, 10.99%, 02/15/2025 (a)(q)	Lending Club		02/17/2022		7,795		7,795		7,572
186232907.SRDLC, 5.09%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		6,920		6,920		6,769
186233955.SRDLC, 6.49%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		6,340		6,340		6,203
186235024.SRDLC, 5.99%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		3,161		3,161		3,093
186237910.SRDLC, 23.49%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		17,163		17,163		16,780
186239039.SRDLC, 5.09%, 02/14/2025 (a)(q)	Lending Club		02/16/2022		8,180		8,180		7,998
186240458.SRDLC, 17.24%, 02/14/2027 (a)(q)	Lending Club		02/16/2022		25,100		25,100		23,873
186240797.SRDLC, 13.49%, 02/15/2027 (a)(l)(q)	Lending Club		02/17/2022		12,045		12,045		11,737
186243917.SRDLC, 8.49%, 03/07/2025 (a)(l)(q)	Lending Club		03/09/2022		27,780		27,780		—
186243926.SRDLC, 5.09%, 02/15/2025 (a)(q)	Lending Club		02/17/2022		13,840		13,840		13,537
186245604.SRDLC, 5.99%, 02/15/2025 (a)(l)(q)	Lending Club		02/17/2022		24,364		24,364		—
186253758.SRDLC, 10.49%, 02/16/2025 (a)(q)	Lending Club		02/18/2022		23,322		23,322		22,657
186254716.SRDLC, 9.59%, 02/15/2025 (a)(q)	Lending Club		02/17/2022		9,673		9,673		9,439
186255930.SRDLC, 21.49%, 02/18/2025 (a)(l)(q)	Lending Club		02/23/2022		10,174		10,174		9,846
186261645.SRDLC, 9.84%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		7,396		7,396		7,133
186262246.SRDLC, 23.99%, 02/28/2027 (a)(l)(q)	Lending Club		02/22/2022		26,639		26,639		25,668
186263107.SRDLC, 23.99%, 02/15/2027 (a)(q)	Lending Club		02/17/2022		21,197		21,197		20,733
186263527.SRDLC, 15.94%, 02/15/2027 (a)(q)	Lending Club		02/17/2022		28,285		28,285		26,898
186263569.SRDLC, 10.54%, 02/23/2025 (a)(q)	Lending Club		02/25/2022		12,312		12,312		11,926
186263958.SRDLC, 12.99%, 02/14/2025 (a)(q)	Lending Club		02/28/2022		6,528		6,528		6,342
186264535.SRDLC, 30.99%, 03/08/2027 (a)(l)(q)	Lending Club		02/28/2022		19,406		19,406		2,901
186264830.SRDLC, 9.34%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		17,741		17,741		17,201
186266713.SRDLC, 8.99%, 02/16/2027 (a)(q)	Lending Club		02/18/2022		19,320		19,320		18,727
186266842.SRDLC, 10.49%, 02/18/2025 (a)(q)	Lending Club		02/23/2022		1,943		1,943		1,889
186269763.SRDLC, 10.24%, 02/16/2027 (a)(q)	Lending Club		02/18/2022		9,720		9,720		9,426
186271797.SRDLC, 9.24%, 02/20/2025 (a)(q)	Lending Club		02/18/2022		19,200		19,200		18,738
186271799.SRDLC, 20.49%, 02/15/2027 (a)(q)	Lending Club		02/17/2022		18,667		18,667		18,187
186272685.SRDLC, 8.99%, 03/15/2025 (a)(q)	Lending Club		03/09/2022		11,751		11,751		11,449
186273429.SRDLC, 9.34%, 02/01/2025 (a)(q)	Lending Club		02/18/2022		7,040		7,040		6,865
186280147.SRDLC, 20.99%, 02/15/2027 (a)(q)	Lending Club		02/17/2022		14,264		14,264		13,928
186281130.SRDLC, 6.59%, 02/25/2025 (a)(l)(q)	Lending Club		02/18/2022		17,141		17,141		16,717
186283677.SRDLC, 5.99%, 02/05/2025 (a)(q)	Lending Club		02/18/2022		25,212		25,212		24,676
186285554.SRDLC, 8.99%, 03/17/2025 (a)(q)	Lending Club		03/11/2022		13,433		13,433		13,083
186288822.SRDLC, 8.99%, 02/17/2025 (a)(l)(q)	Lending Club		02/22/2022		3,850		3,850		3,768
186290975.SRDLC, 16.49%, 02/18/2027 (a)(q)	Lending Club		02/23/2022		5,004		5,004		4,850
186291079.SRDLC, 28.99%, 02/25/2027 (a)(l)(q)	Lending Club		03/01/2022		14,485		14,485		14,516
186291293.SRDLC, 30.99%, 03/17/2027 (a)(l)(q)	Lending Club		03/21/2022		10,929		11,071		10,649
186295500.SRDLC, 14.69%, 02/28/2027 (a)(l)(q)	Lending Club		02/23/2022		22,809		22,809		21,607
186296041.SRDLC, 7.59%, 02/17/2027 (a)(q)	Lending Club		02/22/2022		9,172		9,172		8,916
186296227.SRDLC, 23.99%, 02/16/2027 (a)(q)	Lending Club		02/18/2022		21,498		21,498		21,035
186297344.SRDLC, 9.24%, 02/17/2025 (a)(q)	Lending Club		02/22/2022		1,030		1,030		1,005
186298102.SRDLC, 28.99%, 03/16/2025 (a)(q)	Lending Club		03/18/2022		2,944		2,978		2,876
186301354.SRDLC, 12.12%, 02/17/2027 (a)(q)	Lending Club		02/22/2022		32,698		32,698		31,862
186305524.SRDLC, 7.09%, 02/18/2027 (a)(q)	Lending Club		02/23/2022		11,958		11,958		11,624
186305780.SRDLC, 5.99%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		10,116		10,116		9,894
186306461.SRDLC, 5.99%, 02/16/2025 (a)(q)	Lending Club		02/18/2022		4,552		4,552		4,453
186308416.SRDLC, 12.49%, 02/18/2025 (a)(q)	Lending Club		02/18/2022		3,142		3,142		3,043
186310528.SRDLC, 24.99%, 02/18/2027 (a)(q)	Lending Club		02/23/2022		20,715		20,715		19,634
186311139.SRDLC, 18.44%, 02/16/2025 (a)(q)	Lending Club		02/18/2022		26,986		26,986		26,374
186314151.SRDLC, 5.99%, 02/17/2025 (a)(q)	Lending Club		02/22/2022		13,277		13,277		12,952

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

30

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186314710.SRDLC, 28.99%, 02/16/2027 (a)(q)	Lending Club		02/18/2022	$	10,506	$	10,506	$	10,530
186314998.SRDLC, 10.49%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		25,914		25,914		25,187
186315514.SRDLC, 7.84%, 02/18/2025 (a)(q)	Lending Club		02/23/2022		5,109		5,109		4,986
186315573.SRDLC, 14.94%, 02/16/2027 (a)(l)(q)	Lending Club		02/18/2022		5,093		5,093		4,839
186316064.SRDLC, 23.99%, 03/02/2027 (a)(q)	Lending Club		03/04/2022		10,455		10,455		10,141
186318381.SRDLC, 14.99%, 02/16/2027 (a)(q)	Lending Club		02/18/2022		14,008		14,008		13,454
186318619.SRDLC, 15.99%, 02/28/2027 (a)(q)	Lending Club		02/23/2022		12,075		12,075		11,830
186318804.SRDLC, 18.49%, 02/16/2025 (a)(q)	Lending Club		02/18/2022		7,425		7,425		7,174
186321143.SRDLC, 15.94%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		23,312		23,312		22,191
186323534.SRDLC, 5.99%, 02/18/2025 (a)(q)	Lending Club		02/23/2022		12,645		12,645		12,370
186329289.SRDLC, 7.09%, 02/17/2025 (a)(q)	Lending Club		02/22/2022		3,817		3,817		3,694
186330289.SRDLC, 30.99%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		13,370		13,524		13,103
186330393.SRDLC, 9.34%, 02/05/2025 (a)(q)	Lending Club		02/23/2022		12,803		12,803		12,498
186330563.SRDLC, 9.84%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		24,253		24,253		23,622
186333355.SRDLC, 12.99%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		8,208		8,208		8,001
186333856.SRDLC, 21.49%, 02/24/2027 (a)(l)(q)	Lending Club		02/28/2022		26,934		26,934		4,334
186335388.SRDLC, 22.99%, 02/23/2025 (a)(q)	Lending Club		02/25/2022		3,463		3,463		3,332
186338039.SRDLC, 9.99%, 03/15/2025 (a)(q)	Lending Club		03/10/2022		8,909		8,909		8,638
186338182.SRDLC, 26.49%, 02/24/2025 (a)(l)(q)	Lending Club		02/28/2022		6,955		6,955		1,191
186339093.SRDLC, 17.99%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		5,940		5,993		5,761
186340276.SRDLC, 16.99%, 03/09/2027 (a)(q)	Lending Club		03/11/2022		8,147		8,146		7,727
186340874.SRDLC, 10.09%, 03/18/2025 (a)(q)	Lending Club		03/08/2022		3,387		3,387		3,302
186341316.SRDLC, 9.74%, 02/17/2027 (a)(q)	Lending Club		02/22/2022		16,161		16,161		15,671
186342352.SRDLC, 16.49%, 03/14/2025 (a)(l)(q)	Lending Club		03/16/2022		7,695		7,695		1,214
186342803.SRDLC, 18.44%, 02/18/2025 (a)(q)	Lending Club		02/23/2022		6,759		6,759		6,587
186344749.SRDLC, 23.99%, 02/24/2025 (a)(q)	Lending Club		02/28/2022		4,156		4,156		4,033
186345496.SRDLC, 18.19%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		29,403		29,403		28,514
186350286.SRDLC, 7.49%, 02/18/2025 (a)(q)	Lending Club		02/23/2022		4,782		4,782		4,678
186352548.SRDLC, 8.49%, 02/18/2025 (a)(q)	Lending Club		02/23/2022		12,854		12,854		12,544
186353252.SRDLC, 18.99%, 02/24/2025 (a)(q)	Lending Club		02/22/2022		3,405		3,405		3,319
186355122.SRDLC, 23.99%, 02/17/2027 (a)(q)	Lending Club		02/22/2022		8,599		8,599		8,424
186356513.SRDLC, 14.19%, 02/18/2025 (a)(q)	Lending Club		02/23/2022		5,804		5,804		5,653
186356520.SRDLC, 20.49%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		25,807		25,807		25,059
186358108.SRDLC, 16.69%, 02/18/2025 (a)(q)	Lending Club		02/23/2022		817		817		807
186359587.SRDLC, 19.94%, 02/17/2027 (a)(q)	Lending Club		02/22/2022		14,386		14,386		14,059
186360338.SRDLC, 30.99%, 03/10/2027 (a)(l)(q)	Lending Club		03/14/2022		5,406		5,476		2,008
186362290.SRDLC, 9.69%, 02/22/2025 (a)(l)(q)	Lending Club		02/24/2022		1,811		1,811		286
186365788.SRDLC, 23.99%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		25,826		25,826		25,253
186365957.SRDLC, 30.99%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		12,972		13,115		12,658
186366292.SRDLC, 11.99%, 02/07/2025 (a)(q)	Lending Club		02/23/2022		1,712		1,712		1,665
186366745.SRDLC, 22.49%, 02/17/2025 (a)(l)(q)	Lending Club		02/22/2022		9,930		9,930		1,484
186366857.SRDLC, 30.99%, 03/22/2027 (a)(q)	Lending Club		03/09/2022		5,609		5,677		5,495
186367313.SRDLC, 6.59%, 02/20/2027 (a)(q)	Lending Club		02/23/2022		31,822		31,822		30,766
186367879.SRDLC, 8.99%, 02/18/2027 (a)(q)	Lending Club		02/23/2022		32,201		32,200		31,218
186368614.SRDLC, 23.99%, 02/28/2027 (a)(l)(q)	Lending Club		02/23/2022		16,752		16,752		16,176
186374382.SRDLC, 5.99%, 02/18/2025 (a)(q)	Lending Club		02/23/2022		15,806		15,806		15,462
186376281.SRDLC, 7.09%, 02/18/2027 (a)(q)	Lending Club		02/23/2022		20,680		20,680		20,100
186376929.SRDLC, 8.99%, 04/26/2025 (a)(q)	Lending Club		03/09/2022		1,659		1,659		1,623
186378594.SRDLC, 10.54%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		5,832		5,832		5,648
186381065.SRDLC, 13.99%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		23,914		23,914		22,760
186382921.SRDLC, 8.74%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		6,418		6,418		6,263
186384422.SRDLC, 10.89%, 02/18/2025 (a)(q)	Lending Club		02/23/2022		3,246		3,246		3,144
186388373.SRDLC, 6.49%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		6,340		6,340		6,202
186388863.SRDLC, 12.24%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		5,989		5,989		5,730
186388985.SRDLC, 4.99%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		23,653		23,653		22,859

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

31

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186389884.SRDLC, 15.99%, 02/18/2025 (a)(q)	Lending Club		02/23/2022	$	19,995	$	19,995	$	19,470
186390394.SRDLC, 23.99%, 02/18/2027 (a)(q)	Lending Club		02/23/2022		12,899		12,898		12,641
186399374.SRDLC, 6.74%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		16,507		16,507		16,147
186401408.SRDLC, 22.99%, 02/26/2025 (a)(q)	Lending Club		02/25/2022		3,460		3,460		3,343
186404263.SRDLC, 20.99%, 03/02/2027 (a)(q)	Lending Club		03/04/2022		8,619		8,619		8,364
186406480.SRDLC, 14.19%, 02/22/2027 (a)(l)(q)	Lending Club		02/24/2022		21,490		21,490		3,213
186407529.SRDLC, 23.49%, 02/18/2027 (a)(q)	Lending Club		02/23/2022		10,299		10,299		10,092
186407769.SRDLC, 27.99%, 03/02/2025 (a)(q)	Lending Club		03/17/2022		4,302		4,342		4,185
186409868.SRDLC, 13.24%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		15,120		15,120		14,740
186410723.SRDLC, 13.24%, 02/18/2025 (a)(q)	Lending Club		02/23/2022		7,887		7,887		7,641
186411740.SRDLC, 5.09%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		6,039		6,039		5,906
186412503.SRDLC, 7.59%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		6,167		6,167		6,012
186414924.SRDLC, 7.59%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		21,581		21,581		20,980
186415311.SRDLC, 5.49%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		9,457		9,457		9,249
186417393.SRDLC, 28.74%, 03/08/2025 (a)(l)(q)	Lending Club		03/10/2022		11,335		11,483		1,824
186420008.SRDLC, 12.99%, 02/24/2025 (a)(q)	Lending Club		02/28/2022		2,625		2,625		2,553
186422320.SRDLC, 21.49%, 02/18/2027 (a)(q)	Lending Club		02/23/2022		12,774		12,774		12,093
186422693.SRDLC, 14.19%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		18,984		18,984		18,216
186423051.SRDLC, 5.99%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		15,806		15,806		15,460
186423124.SRDLC, 25.49%, 02/24/2025 (a)(q)	Lending Club		02/28/2022		13,951		13,951		13,819
186424467.SRDLC, 17.49%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		5,578		5,627		5,391
186425657.SRDLC, 8.79%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		7,062		7,062		6,838
186430295.SRDLC, 19.94%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		9,309		9,309		9,101
186430834.SRDLC, 15.24%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		23,885		23,885		23,147
186431339.SRDLC, 11.52%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		25,250		25,250		24,548
186431907.SRDLC, 7.49%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		10,200		10,200		9,979
186432025.SRDLC, 30.49%, 03/16/2027 (a)(q)	Lending Club		03/18/2022		6,768		6,806		6,631
186433520.SRDLC, 14.94%, 02/22/2027 (a)(l)(q)	Lending Club		02/24/2022		4,402		4,402		582
186435948.SRDLC, 13.49%, 02/28/2027 (a)(l)(q)	Lending Club		02/24/2022		33,605		33,605		32,630
186439607.SRDLC, 24.99%, 03/22/2025 (a)(l)(q)	Lending Club		03/10/2022		1,904		1,929		285
186441268.SRDLC, 20.49%, 04/28/2025 (a)(q)	Lending Club		03/11/2022		2,691		2,714		2,644
186442601.SRDLC, 8.49%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		21,488		21,488		20,975
186443078.SRDLC, 9.99%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		33		33		33
186443751.SRDLC, 27.99%, 07/17/2024 (a)(l)(q)	Lending Club		03/21/2022		11,300		11,447		11,079
186444042.SRDLC, 23.49%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		7,819		7,819		7,598
186444057.SRDLC, 24.79%, 02/16/2025 (a)(l)(q)	Lending Club		02/24/2022		7,192		7,192		6,936
186444854.SRDLC, 18.49%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		7,150		7,150		6,988
186445485.SRDLC, 30.99%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		5,348		5,410		5,263
186445568.SRDLC, 17.49%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		33,503		33,503		32,485
186448014.SRDLC, 16.49%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		6,004		6,004		5,719
186448116.SRDLC, 17.99%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		10,073		10,072		9,598
186449199.SRDLC, 23.99%, 03/15/2027 (a)(q)	Lending Club		03/08/2022		17,615		17,615		17,073
186450032.SRDLC, 5.09%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		12,581		12,581		12,304
186450406.SRDLC, 18.19%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		25,203		25,203		24,441
186451093.SRDLC, 5.59%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		10,282		10,282		9,940
186455794.SRDLC, 14.19%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		24,762		24,762		23,760
186457043.SRDLC, 9.49%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		3,874		3,874		3,756
186460226.SRDLC, 7.49%, 03/17/2025 (a)(q)	Lending Club		03/14/2022		11,988		11,988		11,716
186462208.SRDLC, 22.99%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		6,895		6,895		6,684
186465186.SRDLC, 7.59%, 02/23/2025 (a)(q)	Lending Club		02/25/2022		14,032		14,032		13,692
186465325.SRDLC, 30.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		3,686		3,720		3,599
186469377.SRDLC, 6.59%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		4,567		4,567		4,456
186470642.SRDLC, 15.69%, 02/24/2025 (a)(l)(q)	Lending Club		02/28/2022		8,402		8,402		8,149
186473434.SRDLC, 7.24%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		10,822		10,822		10,559
186475599.SRDLC, 7.74%, 02/22/2025 (a)(l)(q)	Lending Club		02/24/2022		20,761		20,761		4,377

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

32

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186481362.SRDLC, 14.94%, 02/22/2027 (a)(l)(q)	Lending Club		02/24/2022	$	9,933	$	9,933	$	9,456
186482676.SRDLC, 15.99%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		4,332		4,332		4,203
186482761.SRDLC, 20.99%, 03/01/2025 (a)(l)(q)	Lending Club		02/28/2022		6,063		6,063		5,846
186484216.SRDLC, 9.63%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		26,986		26,986		26,230
186485157.SRDLC, 20.49%, 02/22/2027 (a)(l)(q)	Lending Club		02/24/2022		30,644		30,644		29,787
186488587.SRDLC, 9.63%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		11,306		11,306		10,985
186494520.SRDLC, 20.99%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		3,347		3,347		3,278
186498606.SRDLC, 4.99%, 02/02/2027 (a)(l)(q)	Lending Club		02/24/2022		9,028		9,028		2,401
186499265.SRDLC, 10.59%, 02/11/2025 (a)(q)	Lending Club		02/24/2022		9,244		9,244		8,976
186499500.SRDLC, 7.09%, 03/16/2027 (a)(q)	Lending Club		03/15/2022		25,213		25,213		24,454
186499981.SRDLC, 7.09%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		25,444		25,444		24,599
186500365.SRDLC, 21.79%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		4,114		4,114		3,995
186500893.SRDLC, 19.99%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		18,546		18,752		17,862
186507209.SRDLC, 9.74%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		32,321		32,321		31,341
186509911.SRDLC, 16.49%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		3,817		3,817		3,700
186512499.SRDLC, 26.49%, 02/23/2025 (a)(q)	Lending Club		02/25/2022		13,528		13,528		13,374
186512978.SRDLC, 8.24%, 02/23/2025 (a)(q)	Lending Club		02/25/2022		9,601		9,601		9,369
186516008.SRDLC, 12.34%, 02/23/2025 (a)(q)	Lending Club		02/25/2022		3,241		3,241		3,151
186517183.SRDLC, 30.99%, 03/17/2027 (a)(q)	Lending Club		03/08/2022		6,798		6,882		6,595
186518196.SRDLC, 10.54%, 02/25/2025 (a)(l)(q)	Lending Club		02/25/2022		8,290		8,290		934
186519049.SRDLC, 14.49%, 02/07/2025 (a)(q)	Lending Club		02/24/2022		9,816		9,816		9,554
186519359.SRDLC, 8.99%, 02/25/2025 (a)(q)	Lending Club		02/25/2022		6,432		6,432		6,275
186520234.SRDLC, 17.19%, 02/05/2027 (a)(l)(q)	Lending Club		03/02/2022		6,758		6,758		1,281
186522630.SRDLC, 12.49%, 02/23/2025 (a)(q)	Lending Club		02/25/2022		17,022		17,022		16,550
186525066.SRDLC, 6.49%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		26,443		26,443		25,852
186525669.SRDLC, 6.49%, 03/12/2025 (a)(l)(q)	Lending Club		03/02/2022		6,637		6,637		6,487
186526396.SRDLC, 28.99%, 02/24/2027 (a)(q)	Lending Club		02/28/2022		4,917		4,917		4,861
186527225.SRDLC, 18.49%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		16,823		16,823		16,442
186527801.SRDLC, 8.24%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		7,681		7,681		7,492
186531370.SRDLC, 8.79%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		3,852		3,852		3,730
186532892.SRDLC, 28.99%, 08/16/2025 (a)(l)(q)	Lending Club		03/14/2022		4,480		4,538		642
186534674.SRDLC, 5.99%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		4,110		4,110		4,017
186535728.SRDLC, 9.63%, 02/23/2027 (a)(q)	Lending Club		02/25/2022		22,613		22,613		21,973
186538516.SRDLC, 30.99%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		5,910		5,966		5,768
186538736.SRDLC, 8.24%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		4,480		4,480		4,370
186539534.SRDLC, 17.94%, 02/22/2025 (a)(q)	Lending Club		02/24/2022		10,095		10,095		9,835
186542560.SRDLC, 24.99%, 02/23/2027 (a)(q)	Lending Club		02/25/2022		17,263		17,263		16,376
186542844.SRDLC, 17.19%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		18,635		18,635		17,997
186544047.SRDLC, 20.99%, 03/17/2027 (a)(q)	Lending Club		03/21/2022		9,308		9,411		8,959
186544338.SRDLC, 15.24%, 02/22/2027 (a)(q)	Lending Club		02/24/2022		5,805		5,805		5,527
186545919.SRDLC, 13.94%, 02/23/2025 (a)(q)	Lending Club		02/25/2022		5,906		5,906		5,751
186549505.SRDLC, 22.99%, 02/24/2025 (a)(q)	Lending Club		02/28/2022		6,895		6,895		6,689
186549507.SRDLC, 27.99%, 03/14/2024 (a)(l)(q)	Lending Club		03/16/2022		5,820		5,892		5,761
186552069.SRDLC, 14.99%, 02/23/2027 (a)(q)	Lending Club		02/25/2022		33,136		33,136		32,114
186552397.SRDLC, 10.54%, 02/23/2025 (a)(l)(q)	Lending Club		02/25/2022		4,088		4,088		3,949
186553759.SRDLC, 15.49%, 02/23/2025 (a)(l)(q)	Lending Club		02/25/2022		1,331		1,331		1,288
186556405.SRDLC, 23.99%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		17,223		17,379		16,870
186556557.SRDLC, 18.99%, 02/23/2025 (a)(q)	Lending Club		02/25/2022		4,735		4,735		4,598
186556881.SRDLC, 21.99%, 02/23/2025 (a)(q)	Lending Club		02/25/2022		6,177		6,177		6,001
186560731.SRDLC, 13.49%, 02/24/2027 (a)(q)	Lending Club		02/28/2022		19,745		19,745		19,248
186561715.SRDLC, 22.99%, 06/23/2025 (a)(l)(q)	Lending Club		02/25/2022		4,147		4,147		939
186563488.SRDLC, 9.63%, 03/02/2027 (a)(q)	Lending Club		02/25/2022		32,989		32,989		31,858
186563944.SRDLC, 7.09%, 02/23/2025 (a)(q)	Lending Club		02/25/2022		7,954		7,954		7,690
186564080.SRDLC, 6%, 02/22/2025 (a)(q)	Lending Club		03/08/2022		10,185		10,185		9,859
186566370.SRDLC, 7.09%, 02/25/2027 (a)(l)(q)	Lending Club		03/01/2022		21,895		21,895		3,241

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

33

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186566531.SRDLC, 18.99%, 02/23/2025 (a)(q)	Lending Club		02/25/2022	$	4,059	$	4,059	$	3,941
186568548.SRDLC, 22.99%, 03/02/2025 (a)(q)	Lending Club		03/04/2022		3,573		3,573		3,424
186568662.SRDLC, 30.99%, 12/14/2027 (a)(l)(q)	Lending Club		03/16/2022		14,477		14,665		2,510
186571697.SRDLC, 18.99%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		6,494		6,494		6,309
186572822.SRDLC, 9.49%, 03/13/2027 (a)(q)	Lending Club		03/04/2022		8,247		8,247		7,977
186573934.SRDLC, 17.69%, 02/23/2027 (a)(q)	Lending Club		02/25/2022		6,706		6,706		6,391
186574776.SRDLC, 23.49%, 02/24/2027 (a)(q)	Lending Club		02/28/2022		8,583		8,583		8,421
186576309.SRDLC, 17.99%, 02/25/2027 (a)(q)	Lending Club		03/01/2022		9,211		9,211		8,933
186576419.SRDLC, 30.99%, 03/29/2025 (a)(l)(q)	Lending Club		03/31/2022		3,810		3,844		3,639
186588133.SRDLC, 24.99%, 03/16/2027 (a)(l)(q)	Lending Club		03/09/2022		14,095		14,095		13,207
186598394.SRDLC, 18.99%, 03/17/2027 (a)(l)(q)	Lending Club		03/11/2022		25,241		25,241		2,071
186604983.SRDLC, 8.49%, 02/28/2025 (a)(q)	Lending Club		02/28/2022		12,835		12,835		12,506
186606803.SRDLC, 22.69%, 02/25/2027 (a)(q)	Lending Club		03/01/2022		15,401		15,401		15,114
186606885.SRDLC, 22.99%, 02/28/2025 (a)(q)	Lending Club		02/28/2022		1,567		1,567		1,519
186606955.SRDLC, 10.99%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		10,141		10,141		9,834
186609833.SRDLC, 16.49%, 02/24/2027 (a)(q)	Lending Club		02/28/2022		18,013		18,013		17,163
186611261.SRDLC, 23.49%, 02/24/2027 (a)(l)(q)	Lending Club		02/28/2022		8,809		8,809		1,877
186611625.SRDLC, 5.99%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		2,845		2,845		2,781
186611666.SRDLC, 15.99%, 02/24/2027 (a)(q)	Lending Club		02/28/2022		29,124		29,124		27,746
186612790.SRDLC, 8.99%, 03/10/2027 (a)(q)	Lending Club		03/07/2022		9,858		9,858		9,536
186614496.SRDLC, 28.99%, 03/16/2025 (a)(q)	Lending Club		03/18/2022		10,674		10,766		10,462
186615940.SRDLC, 22.99%, 02/24/2025 (a)(q)	Lending Club		02/28/2022		5,521		5,521		5,337
186616543.SRDLC, 25.49%, 02/24/2025 (a)(l)(q)	Lending Club		02/28/2022		2,500		2,500		2,475
186617731.SRDLC, 16.19%, 02/28/2025 (a)(l)(q)	Lending Club		03/01/2022		10,442		10,442		10,114
186617758.SRDLC, 5.99%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		18,968		18,968		18,539
186618032.SRDLC, 10.59%, 02/25/2027 (a)(q)	Lending Club		03/01/2022		32,457		32,457		31,622
186618575.SRDLC, 18.99%, 02/18/2025 (a)(q)	Lending Club		02/28/2022		9,414		9,414		9,143
186618990.SRDLC, 12.49%, 02/24/2025 (a)(q)	Lending Club		02/28/2022		1,178		1,178		1,142
186620390.SRDLC, 21.99%, 02/28/2025 (a)(l)(q)	Lending Club		02/28/2022		9,064		9,064		1,355
186621339.SRDLC, 15.69%, 02/24/2025 (a)(q)	Lending Club		02/28/2022		2,795		2,795		2,723
186622303.SRDLC, 30.99%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		3,271		3,301		3,179
186623473.SRDLC, 10.99%, 02/15/2025 (a)(q)	Lending Club		03/01/2022		3,877		3,877		3,769
186627742.SRDLC, 9.99%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		24,120		24,120		23,384
186630251.SRDLC, 18.99%, 02/07/2025 (a)(q)	Lending Club		02/28/2022		14,597		14,597		14,039
186632305.SRDLC, 18.99%, 02/24/2025 (a)(q)	Lending Club		02/28/2022		9,741		9,741		9,462
186632825.SRDLC, 28.99%, 03/15/2025 (a)(l)(q)	Lending Club		03/11/2022		1,876		1,901		510
186635190.SRDLC, 6.59%, 02/25/2025 (a)(q)	Lending Club		03/01/2022		5,709		5,709		5,570
186636012.SRDLC, 22.99%, 02/25/2025 (a)(q)	Lending Club		03/01/2022		2,068		2,068		2,007
186638846.SRDLC, 14.99%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		9,941		9,941		9,631
186639728.SRDLC, 8.79%, 02/25/2025 (a)(q)	Lending Club		03/01/2022		8,988		8,988		8,707
186640995.SRDLC, 15.94%, 02/25/2027 (a)(q)	Lending Club		03/01/2022		9,983		9,983		9,513
186643887.SRDLC, 8.99%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		6,038		6,038		5,849
186644292.SRDLC, 8.99%, 02/25/2025 (a)(q)	Lending Club		03/01/2022		13,875		13,875		13,545
186647083.SRDLC, 21.99%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		17,706		17,706		16,573
186647551.SRDLC, 19.99%, 03/14/2024 (a)(q)	Lending Club		03/16/2022		3,687		3,702		3,648
186647860.SRDLC, 17.94%, 03/08/2025 (a)(q)	Lending Club		03/01/2022		4,943		4,943		4,782
186648726.SRDLC, 6.99%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		6,357		6,357		6,214
186649759.SRDLC, 7.49%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		16,574		16,574		16,203
186651540.SRDLC, 8.99%, 02/01/2025 (a)(l)(q)	Lending Club		03/02/2022		16,084		16,084		15,667
186652442.SRDLC, 22.99%, 02/25/2027 (a)(q)	Lending Club		03/01/2022		10,279		10,279		10,088
186655839.SRDLC, 4.99%, 02/28/2025 (a)(l)(q)	Lending Club		03/02/2022		19,036		19,036		18,607
186656549.SRDLC, 27.99%, 02/25/2027 (a)(q)	Lending Club		03/01/2022		21,815		21,815		21,171
186657762.SRDLC, 8.99%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		31,396		31,396		30,415
186659296.SRDLC, 12.34%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		27,222		27,222		26,397
186661222.SRDLC, 22.99%, 02/25/2025 (a)(q)	Lending Club		03/01/2022		6,895		6,895		6,692

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

34

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186663166.SRDLC, 19.94%, 02/28/2025 (a)(q)	Lending Club		03/02/2022	$	6,796	$	6,796	$	6,667
186663937.SRDLC, 30.49%, 06/26/2025 (a)(l)(q)	Lending Club		03/01/2022		13,656		13,656		405
186664039.SRDLC, 30.99%, 03/14/2025 (a)(l)(q)	Lending Club		03/16/2022		1,243		1,260		—
186667574.SRDLC, 18.49%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		19,349		19,349		18,733
186668155.SRDLC, 25.99%, 02/25/2025 (a)(q)	Lending Club		03/01/2022		1,958		1,958		1,940
186669127.SRDLC, 11.52%, 03/02/2027 (a)(l)(q)	Lending Club		03/02/2022		34,146		34,146		9,569
186669465.SRDLC, 11.19%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		5,850		5,850		5,667
186671873.SRDLC, 16.24%, 03/19/2025 (a)(q)	Lending Club		03/09/2022		4,542		4,582		4,384
186672812.SRDLC, 30.99%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		11,436		11,436		11,537
186673896.SRDLC, 17.49%, 02/16/2025 (a)(q)	Lending Club		03/02/2022		12,947		12,947		12,578
186675548.SRDLC, 14.49%, 03/02/2025 (a)(q)	Lending Club		03/04/2022		5,647		5,647		5,439
186676177.SRDLC, 30.99%, 03/23/2027 (a)(l)(q)	Lending Club		03/16/2022		7,583		7,682		910
186678676.SRDLC, 22.99%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		4,009		4,009		3,892
186681238.SRDLC, 30.99%, 03/09/2027 (a)(q)	Lending Club		03/11/2022		10,696		10,819		10,451
186682233.SRDLC, 12.74%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		20,007		20,007		19,447
186682717.SRDLC, 30.49%, 03/09/2027 (a)(q)	Lending Club		03/11/2022		8,544		8,642		8,347
186683202.SRDLC, 23.79%, 02/28/2025 (a)(l)(q)	Lending Club		03/02/2022		6,464		6,464		1,447
186684633.SRDLC, 5.99%, 03/01/2025 (a)(l)(q)	Lending Club		03/02/2022		13,858		13,858		13,547
186685210.SRDLC, 10.99%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		12,195		12,195		11,821
186686440.SRDLC, 10.99%, 02/28/2025 (a)(l)(q)	Lending Club		03/02/2022		9,203		9,203		8,922
186690505.SRDLC, 7.24%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		9,549		9,549		9,335
186691527.SRDLC, 22.99%, 02/28/2025 (a)(l)(q)	Lending Club		03/02/2022		1,074		1,074		1,026
186693132.SRDLC, 7.79%, 02/28/2025 (a)(l)(q)	Lending Club		03/02/2022		3,662		3,662		3,570
186693742.SRDLC, 30.99%, 03/14/2027 (a)(l)(q)	Lending Club		03/16/2022		10,702		10,835		10,459
186694140.SRDLC, 9.99%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		2,972		2,972		2,900
186694143.SRDLC, 5.59%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		10,282		10,282		9,933
186695293.SRDLC, 10.24%, 03/04/2027 (a)(q)	Lending Club		03/08/2022		8,244		8,244		7,983
186696309.SRDLC, 30.99%, 03/24/2027 (a)(l)(q)	Lending Club		03/16/2022		11,374		11,522		11,035
186697126.SRDLC, 6.49%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		1,585		1,585		1,549
186697448.SRDLC, 6.49%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		15,895		15,895		15,359
186697817.SRDLC, 8.44%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		8,993		8,993		8,730
186699230.SRDLC, 27.49%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		21,775		21,775		21,197
186701229.SRDLC, 5.99%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		7,587		7,587		7,416
186701588.SRDLC, 7.49%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		2,040		2,040		1,994
186703239.SRDLC, 9.99%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		32,362		32,362		31,359
186703275.SRDLC, 10.49%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		16,221		16,221		15,720
186703553.SRDLC, 7.24%, 02/28/2025 (a)(l)(q)	Lending Club		03/02/2022		3,489		3,489		3,414
186704869.SRDLC, 27.99%, 02/28/2025 (a)(q)	Lending Club		03/02/2022		3,880		3,880		3,855
186706496.SRDLC, 4.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		13,120		13,120		12,825
186710117.SRDLC, 10.99%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		1,126		1,126		1,098
186712916.SRDLC, 17.44%, 02/28/2027 (a)(q)	Lending Club		03/02/2022		13,391		13,391		12,751
186715502.SRDLC, 8.74%, 03/30/2025 (a)(q)	Lending Club		03/04/2022		20,059		20,059		19,533
186716052.SRDLC, 14.49%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		9,239		9,239		8,844
186718466.SRDLC, 27.49%, 03/30/2027 (a)(l)(q)	Lending Club		04/01/2022		17,839		18,052		16,885
186720629.SRDLC, 30.99%, 03/22/2025 (a)(q)	Lending Club		03/17/2022		11,203		11,310		10,953
186724366.SRDLC, 27.99%, 03/20/2025 (a)(q)	Lending Club		03/16/2022		1,840		1,857		1,796
186728098.SRDLC, 11.19%, 03/04/2027 (a)(q)	Lending Club		03/08/2022		9,935		9,935		9,622
186731533.SRDLC, 17.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		3,138		3,166		3,029
186732927.SRDLC, 4.99%, 03/02/2027 (a)(q)	Lending Club		03/04/2022		32,158		32,158		31,062
186735419.SRDLC, 8.59%, 03/02/2025 (a)(q)	Lending Club		03/04/2022		6,681		6,681		6,513
186737733.SRDLC, 21.99%, 03/02/2025 (a)(q)	Lending Club		03/04/2022		10,671		10,671		10,273
186747376.SRDLC, 7.59%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		7,312		7,312		7,055
186748363.SRDLC, 5.59%, 03/02/2025 (a)(q)	Lending Club		03/04/2022		9,212		9,212		8,972
186748391.SRDLC, 20.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		1,012		1,021		985
186751096.SRDLC, 4.99%, 03/15/2025 (a)(q)	Lending Club		03/04/2022		5,263		5,263		5,141

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

35

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE			PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186752739.SRDLC, 12.69%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		$	9,168	$	9,168	$	8,883
186754103.SRDLC, 30.99%, 03/03/2027 (a)(l)(q)	Lending Club		03/07/2022			8,414		8,523		1,258
186758530.SRDLC, 20.99%, 03/08/2027 (a)(q)	Lending Club		03/10/2022			13,985		13,985		13,563
186759602.SRDLC, 30.99%, 03/04/2027 (a)(l)(q)	Lending Club		03/08/2022			19,560		19,815		2,924
186759667.SRDLC, 8.99%, 03/16/2027 (a)(q)	Lending Club		03/14/2022			18,888		18,888		18,278
186761684.SRDLC, 24.49%, 03/10/2026 (a)(l)(q)	Lending Club		03/14/2022			11,521		11,667		11,293
186765099.SRDLC, 23.99%, 03/03/2025 (a)(q)	Lending Club		03/07/2022			13,635		13,635		13,080
186766384.SRDLC, 17.19%, 03/02/2027 (a)(q)	Lending Club		03/04/2022			5,945		5,945		5,738
186767172.SRDLC, 25.99%, 03/08/2025 (a)(q)	Lending Club		03/10/2022			1,447		1,461		1,417
186767656.SRDLC, 6.59%, 03/02/2025 (a)(q)	Lending Club		03/04/2022			5,953		5,953		5,798
186771871.SRDLC, 6.49%, 03/02/2025 (a)(q)	Lending Club		03/04/2022			6,611		6,611		6,464
186771996.SRDLC, 14.49%, 03/03/2025 (a)(q)	Lending Club		03/07/2022			7,705		7,705		7,445
186772214.SRDLC, 8.24%, 03/02/2025 (a)(q)	Lending Club		03/04/2022			11,671		11,671		11,369
186773721.SRDLC, 18.99%, 03/22/2025 (a)(q)	Lending Club		03/24/2022			10,530		10,625		10,254
186776246.SRDLC, 30.99%, 03/24/2025 (a)(q)	Lending Club		03/28/2022			7,387		7,457		7,283
186776862.SRDLC, 12.74%, 03/02/2025 (a)(l)(q)	Lending Club		03/04/2022			12,020		12,020		1,797
186778413.SRDLC, 15.69%, 03/04/2025 (a)(q)	Lending Club		03/08/2022			2,228		2,228		2,181
186778695.SRDLC, 14.69%, 03/15/2025 (a)(q)	Lending Club		03/04/2022			6,937		6,937		6,714
186779898.SRDLC, 9.09%, 03/03/2025 (a)(q)	Lending Club		03/07/2022			4,688		4,688		4,571
186780275.SRDLC, 19.99%, 04/20/2025 (a)(q)	Lending Club		04/07/2022			7,369		7,434		7,063
186782843.SRDLC, 24.79%, 07/08/2025 (a)(l)(q)	Lending Club		03/10/2022			17,864		17,864		11,419
186784007.SRDLC, 28.99%, 03/09/2025 (a)(q)	Lending Club		03/11/2022			14,655		14,655		14,045
186784052.SRDLC, 30.99%, 03/10/2025 (a)(q)	Lending Club		03/14/2022			11,081		11,185		10,789
186784874.SRDLC, 12.54%, 04/04/2025 (a)(q)	Lending Club		04/06/2022			3,536		3,568		3,384
186786554.SRDLC, 11.74%, 03/02/2027 (a)(q)	Lending Club		03/04/2022			26,102		26,102		25,284
186787477.SRDLC, 5.99%, 03/10/2025 (a)(q)	Lending Club		03/07/2022			3,303		3,303		3,228
186787643.SRDLC, 7.59%, 03/14/2025 (a)(l)(q)	Lending Club		03/16/2022			373		373		371
186787670.SRDLC, 30.99%, 03/22/2027 (a)(l)(q)	Lending Club		03/10/2022			11,199		11,345		—
186788217.SRDLC, 15.99%, 03/03/2027 (a)(q)	Lending Club		03/07/2022			29,581		29,581		28,554
186791798.SRDLC, 23.99%, 03/16/2027 (a)(q)	Lending Club		03/04/2022			22,077		22,077		21,319
186792901.SRDLC, 14.99%, 03/03/2027 (a)(q)	Lending Club		03/07/2022			6,733		6,733		6,499
186793247.SRDLC, 17.49%, 03/10/2025 (a)(q)	Lending Club		03/14/2022			1,952		1,969		1,889
186797391.SRDLC, 30.99%, 03/04/2027 (a)(q)	Lending Club		03/08/2022			8,735		8,835		8,510
186799571.SRDLC, 16.49%, 03/11/2027 (a)(q)	Lending Club		03/04/2022			10,647		10,647		10,083
186799618.SRDLC, 28.99%, 03/16/2025 (a)(q)	Lending Club		03/18/2022			1,465		1,479		1,438
186801721.SRDLC, 10.49%, 03/03/2025 (a)(q)	Lending Club		03/07/2022			6,744		6,744		6,539
186803441.SRDLC, 10.99%, 03/17/2027 (a)(q)	Lending Club		03/16/2022			33,160		33,160		32,107
186804749.SRDLC, 16.19%, 03/03/2025 (a)(q)	Lending Club		03/07/2022			2,218		2,218		2,154
186805386.SRDLC, 6.74%, 03/03/2025 (a)(q)	Lending Club		03/07/2022			9,929		9,929		9,709
186805633.SRDLC, 18.49%, 03/11/2025 (a)(q)	Lending Club		03/15/2022			3,502		3,533		3,390
186806066.SRDLC, 5.59%, 03/15/2025 (a)(q)	Lending Club		03/09/2022			1,426		1,426		1,417
186809107.SRDLC, 28.99%, 03/08/2025 (a)(q)	Lending Club		03/10/2022			2,858		2,884		2,791
186810869.SRDLC, 24.99%, 03/15/2025 (a)(l)(q)	Lending Club		03/08/2022			10,628		10,628		2,448
186811188.SRDLC, 16.19%, 03/16/2025 (a)(l)(q)	Lending Club		03/07/2022			5,910		5,910		5,711
186813004.SRDLC, 17.99%, 03/17/2025 (a)(q)	Lending Club		03/10/2022			5,272		5,319		5,099
186813237.SRDLC, 6.99%, 03/03/2025 (a)(q)	Lending Club		03/07/2022	��		16,569		16,569		16,202
186815269.SRDLC, 30.99%, 06/04/2025 (a)(l)(q)	Lending Club		03/08/2022			12,519		12,682		5,349
186816361.SRDLC, 12.99%, 03/07/2025 (a)(q)	Lending Club		03/08/2022			3,418		3,418		3,296
186816513.SRDLC, 14.99%, 03/18/2027 (a)(q)	Lending Club		03/07/2022			7,141		7,141		6,901
186816681.SRDLC, 12.99%, 03/03/2025 (a)(q)	Lending Club		03/07/2022			10,240		10,240		9,929
186818765.SRDLC, 30.99%, 03/10/2027 (a)(l)(q)	Lending Club		03/07/2022			4,774		4,836		714
186819598.SRDLC, 18.49%, 03/18/2025 (a)(q)	Lending Club		03/22/2022			3,852		3,887		3,734
186819952.SRDLC, 30.99%, 03/10/2028 (a)(l)(q)	Lending Club		03/07/2022			5,774		5,850		863
186820218.SRDLC, 13.19%, 03/27/2027 (a)(q)	Lending Club		03/07/2022			19,433		19,433		18,827
186820799.SRDLC, 26.49%, 03/14/2026 (a)(q)	Lending Club		03/16/2022			3,287		3,324		3,236

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

36

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186823822.SRDLC, 7.74%, 03/16/2025 (a)(q)	Lending Club		03/08/2022	$	6,006	$	6,006	$	5,854
186824468.SRDLC, 9.49%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		14,788		14,788		14,318
186825061.SRDLC, 9.99%, 03/15/2027 (a)(q)	Lending Club		03/07/2022		27,818		27,818		26,926
186826265.SRDLC, 28.49%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		1,664		1,679		1,620
186826333.SRDLC, 25.99%, 03/20/2027 (a)(q)	Lending Club		03/17/2022		4,410		4,460		4,303
186831107.SRDLC, 22.99%, 04/09/2025 (a)(l)(q)	Lending Club		03/18/2022		2,483		2,506		2,413
186831594.SRDLC, 6.59%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		13,228		13,228		12,885
186832201.SRDLC, 16.39%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		12,764		12,764		12,359
186832447.SRDLC, 5.59%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		1,974		1,974		1,923
186833531.SRDLC, 30.99%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		9,144		9,232		8,770
186833830.SRDLC, 28.99%, 03/15/2025 (a)(q)	Lending Club		03/08/2022		2,978		3,006		2,895
186834062.SRDLC, 5.59%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		24,190		24,190		23,372
186834383.SRDLC, 6.59%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		26,456		26,456		25,772
186835181.SRDLC, 6.59%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		6,548		6,548		6,378
186835752.SRDLC, 9.69%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		20,154		20,154		19,652
186836967.SRDLC, 12.69%, 03/07/2027 (a)(l)(q)	Lending Club		03/09/2022		5,943		5,943		5,758
186837086.SRDLC, 14.49%, 03/10/2027 (a)(q)	Lending Club		03/07/2022		14,334		14,334		13,575
186837726.SRDLC, 7.59%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		5,261		5,261		5,075
186838206.SRDLC, 6.59%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		12,567		12,567		12,242
186838258.SRDLC, 14.24%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		4,393		4,431		4,245
186838683.SRDLC, 11.24%, 03/20/2025 (a)(q)	Lending Club		03/11/2022		9,013		9,013		8,740
186839002.SRDLC, 24.49%, 03/03/2027 (a)(l)(q)	Lending Club		03/07/2022		4,628		4,689		692
186841310.SRDLC, 9.29%, 03/03/2025 (a)(l)(q)	Lending Club		03/07/2022		8,044		8,044		7,761
186841662.SRDLC, 25.99%, 03/20/2027 (a)(l)(q)	Lending Club		03/11/2022		24,111		24,425		3,605
186842035.SRDLC, 17.19%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		1,392		1,392		1,349
186842406.SRDLC, 9.59%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		3,354		3,354		3,253
186842521.SRDLC, 16.19%, 03/15/2025 (a)(l)(q)	Lending Club		03/07/2022		3,066		3,066		265
186842695.SRDLC, 30.99%, 03/21/2027 (a)(l)(q)	Lending Club		03/23/2022		13,104		13,274		1,879
186843462.SRDLC, 28.49%, 04/04/2027 (a)(l)(q)	Lending Club		04/06/2022		17,900		18,122		16,947
186843869.SRDLC, 25.74%, 03/24/2025 (a)(q)	Lending Club		03/28/2022		4,338		4,377		4,275
186844674.SRDLC, 17.19%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		1,670		1,670		1,617
186845535.SRDLC, 11.49%, 03/03/2025 (a)(l)(q)	Lending Club		03/07/2022		3,125		3,125		296
186845838.SRDLC, 17.19%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		3,481		3,481		3,371
186845846.SRDLC, 11.69%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		6,106		6,106		5,893
186847292.SRDLC, 30.99%, 03/07/2027 (a)(l)(q)	Lending Club		03/09/2022		14,436		14,624		2,158
186847923.SRDLC, 30.99%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		5,910		5,965		5,794
186848558.SRDLC, 25.49%, 03/15/2025 (a)(q)	Lending Club		03/10/2022		5,206		5,217		5,077
186849373.SRDLC, 12.49%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		663		663		646
186849738.SRDLC, 15.69%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		640		640		620
186850090.SRDLC, 30.99%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		9,805		9,917		9,546
186851000.SRDLC, 11.19%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		13,453		13,453		13,102
186851436.SRDLC, 20.49%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		4,523		4,563		4,379
186851932.SRDLC, 28.99%, 03/07/2024 (a)(q)	Lending Club		03/09/2022		2,541		2,557		2,529
186852060.SRDLC, 25.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		3,322		3,352		3,251
186852061.SRDLC, 15.99%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		1,385		1,385		1,341
186853537.SRDLC, 30.99%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		17,827		18,031		17,356
186854659.SRDLC, 18.49%, 03/04/2027 (a)(q)	Lending Club		03/08/2022		3,006		3,006		2,919
186855078.SRDLC, 22.49%, 03/15/2025 (a)(l)(q)	Lending Club		03/11/2022		6,317		6,399		1,095
186855159.SRDLC, 23.99%, 03/28/2027 (a)(q)	Lending Club		03/09/2022		22,094		22,094		21,363
186855976.SRDLC, 30.99%, 03/07/2027 (a)(l)(q)	Lending Club		03/09/2022		11,827		11,981		1,768
186856510.SRDLC, 30.99%, 03/21/2025 (a)(q)	Lending Club		03/07/2022		4,232		4,271		4,159
186857181.SRDLC, 30.99%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		11,142		11,269		10,848
186859192.SRDLC, 25.99%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		5,263		5,263		5,053
186859612.SRDLC, 23.49%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		19,830		19,830		19,265
186859882.SRDLC, 20.99%, 03/04/2027 (a)(q)	Lending Club		03/08/2022		7,239		7,239		7,032

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

37

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186860203.SRDLC, 6.99%, 03/11/2025 (a)(q)	Lending Club		03/15/2022	$	26,510	$	26,510	$	25,919
186860250.SRDLC, 30.99%, 03/20/2027 (a)(l)(q)	Lending Club		03/09/2022		11,671		11,823		1,745
186860547.SRDLC, 9.99%, 03/04/2027 (a)(q)	Lending Club		03/08/2022		24,703		24,703		23,920
186861655.SRDLC, 20.49%, 03/10/2027 (a)(l)(q)	Lending Club		03/14/2022		6,632		6,632		992
186862002.SRDLC, 22.49%, 03/04/2027 (a)(q)	Lending Club		03/08/2022		16,450		16,450		15,982
186862268.SRDLC, 30.99%, 03/03/2027 (a)(l)(q)	Lending Club		03/07/2022		5,316		5,385		5,164
186863025.SRDLC, 27.49%, 08/18/2027 (a)(l)(q)	Lending Club		03/07/2022		5,674		5,746		5,428
186863352.SRDLC, 17.24%, 04/30/2025 (a)(l)(q)	Lending Club		03/07/2022		10,003		10,093		9,667
186863423.SRDLC, 4.99%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		13,120		13,120		12,826
186864141.SRDLC, 24.99%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		17,497		17,724		16,995
186865643.SRDLC, 20.24%, 03/10/2025 (a)(q)	Lending Club		03/07/2022		3,552		3,584		3,435
186865652.SRDLC, 25.49%, 03/03/2025 (a)(l)(q)	Lending Club		03/07/2022		2,095		2,123		313
186868654.SRDLC, 15.19%, 03/11/2027 (a)(q)	Lending Club		03/08/2022		21,131		21,131		20,242
186869127.SRDLC, 18.99%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		5,598		5,598		5,430
186869195.SRDLC, 30.99%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		4,902		4,959		4,804
186869536.SRDLC, 8.99%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		3,013		3,013		2,935
186870125.SRDLC, 16.99%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		835		835		804
186870252.SRDLC, 30.99%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		8,913		9,015		8,678
186872196.SRDLC, 8.24%, 03/17/2025 (a)(q)	Lending Club		03/08/2022		26,795		26,795		26,112
186874394.SRDLC, 19.99%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		7,757		7,825		7,509
186874455.SRDLC, 5.59%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		2,303		2,303		2,243
186876529.SRDLC, 21.99%, 03/03/2025 (a)(q)	Lending Club		03/07/2022		8,585		8,585		8,247
186878387.SRDLC, 10.49%, 03/04/2027 (a)(q)	Lending Club		03/08/2022		18,982		18,982		18,383
186878812.SRDLC, 30.24%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		10,214		10,332		9,965
186880394.SRDLC, 12.24%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		24,335		24,335		23,600
186880643.SRDLC, 6.49%, 03/15/2025 (a)(q)	Lending Club		03/08/2022		4,762		4,762		4,654
186880718.SRDLC, 30.99%, 03/15/2027 (a)(q)	Lending Club		03/11/2022		10,780		10,905		10,511
186881064.SRDLC, 9.29%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		16,761		16,761		16,174
186881471.SRDLC, 8.24%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		6,669		6,669		6,498
186882814.SRDLC, 9.74%, 03/10/2027 (a)(q)	Lending Club		03/14/2022		9,870		9,870		9,557
186883253.SRDLC, 30.99%, 03/03/2027 (a)(q)	Lending Club		03/07/2022		4,457		4,508		4,327
186883462.SRDLC, 20.49%, 04/04/2025 (a)(l)(q)	Lending Club		04/06/2022		13,919		14,100		2,081
186883666.SRDLC, 21.79%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		7,108		7,108		6,851
186883905.SRDLC, 5.59%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		6,580		6,580		6,409
186884409.SRDLC, 30.99%, 03/18/2025 (a)(l)(q)	Lending Club		03/07/2022		3,150		3,191		471
186885615.SRDLC, 9.59%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		5,372		5,372		5,238
186885801.SRDLC, 25.49%, 03/15/2025 (a)(q)	Lending Club		03/08/2022		3,650		3,684		3,568
186886262.SRDLC, 28.99%, 03/14/2025 (a)(q)	Lending Club		03/07/2022		1,792		1,808		1,754
186887274.SRDLC, 13.99%, 03/20/2025 (a)(q)	Lending Club		03/09/2022		5,518		5,518		5,344
186887684.SRDLC, 23.99%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		8,599		8,599		8,372
186887752.SRDLC, 9.99%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		4,373		4,373		4,264
186887816.SRDLC, 26.74%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		2,273		2,292		2,208
186887863.SRDLC, 19.44%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		4,924		4,924		4,781
186888572.SRDLC, 14.44%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		3,437		3,437		3,330
186890838.SRDLC, 9.49%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		5,915		5,915		5,726
186890975.SRDLC, 18.99%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		20,528		20,528		19,944
186892953.SRDLC, 9.69%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		18,090		18,090		17,515
186893891.SRDLC, 5.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		26,375		26,375		25,785
186894617.SRDLC, 9.34%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		16,009		16,009		15,498
186894895.SRDLC, 13.19%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		19,133		19,133		18,468
186894964.SRDLC, 19.99%, 03/19/2027 (a)(q)	Lending Club		03/08/2022		13,032		13,176		12,483
186894997.SRDLC, 30.99%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		1,773		1,794		1,725
186897446.SRDLC, 21.49%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		17,269		17,269		16,779
186898217.SRDLC, 26.24%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		543		548		529
186898646.SRDLC, 30.99%, 02/04/2028 (a)(l)(q)	Lending Club		03/08/2022		6,346		6,428		949

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

38

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186899161.SRDLC, 20.49%, 03/27/2027 (a)(q)	Lending Club		03/08/2022	$	5,061	$	5,116	$	4,884
186899942.SRDLC, 8.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		26,711		26,711		26,024
186900684.SRDLC, 15.99%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		21,129		21,129		20,402
186900994.SRDLC, 30.99%, 08/10/2025 (a)(l)(q)	Lending Club		03/08/2022		9,021		9,138		1,620
186901302.SRDLC, 13.49%, 07/15/2025 (a)(l)(q)	Lending Club		03/10/2022		29,523		29,523		17,922
186901896.SRDLC, 18.19%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		7,624		7,624		7,398
186902256.SRDLC, 30.99%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		6,952		7,032		6,785
186902418.SRDLC, 30.99%, 03/21/2027 (a)(q)	Lending Club		03/08/2022		6,785		6,862		6,673
186902851.SRDLC, 28.99%, 03/18/2025 (a)(q)	Lending Club		03/08/2022		3,718		3,760		3,637
186903091.SRDLC, 7.59%, 03/22/2025 (a)(q)	Lending Club		03/09/2022		5,796		5,796		5,648
186903373.SRDLC, 17.99%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		4,193		4,230		4,053
186904149.SRDLC, 11.89%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		23,767		23,767		23,051
186905651.SRDLC, 6%, 03/08/2026 (a)(q)	Lending Club		03/10/2022		11,732		11,852		11,354
186905982.SRDLC, 6.79%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		4,629		4,629		4,509
186906144.SRDLC, 30.49%, 03/15/2025 (a)(l)(q)	Lending Club		03/14/2022		2,047		2,067		1,992
186907056.SRDLC, 28.99%, 03/04/2025 (a)(l)(q)	Lending Club		03/08/2022		3,429		3,474		1,507
186908329.SRDLC, 19.49%, 03/09/2025 (a)(l)(q)	Lending Club		03/11/2022		17,067		17,067		2,231
186908663.SRDLC, 5.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		6,594		6,594		6,446
186908684.SRDLC, 9.99%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		9,881		9,881		9,567
186909305.SRDLC, 12.54%, 03/04/2025 (a)(q)	Lending Club		03/08/2022		1,362		1,374		1,315
186909328.SRDLC, 18.99%, 03/19/2025 (a)(q)	Lending Club		03/08/2022		4,267		4,267		4,113
186909994.SRDLC, 28.99%, 03/22/2025 (a)(l)(q)	Lending Club		03/08/2022		3,368		3,400		3,303
186910060.SRDLC, 30.99%, 03/04/2027 (a)(q)	Lending Club		03/08/2022		7,487		7,573		7,294
186910066.SRDLC, 14.04%, 03/13/2026 (a)(q)	Lending Club		03/08/2022		7,855		7,934		7,384
186910636.SRDLC, 12.19%, 03/11/2025 (a)(l)(q)	Lending Club		03/15/2022		6,880		6,880		2,584
186911198.SRDLC, 22.99%, 03/08/2025 (a)(l)(q)	Lending Club		03/10/2022		2,498		2,531		373
186913728.SRDLC, 30.49%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		14,744		14,882		14,422
186914338.SRDLC, 7.49%, 03/16/2025 (a)(q)	Lending Club		03/09/2022		26,658		26,658		26,050
186914343.SRDLC, 10.99%, 03/22/2025 (a)(l)(q)	Lending Club		03/09/2022		7,124		7,124		6,911
186914579.SRDLC, 27.99%, 03/04/2025 (a)(l)(q)	Lending Club		03/08/2022		4,621		4,681		2,020
186914848.SRDLC, 30.99%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		17,292		17,490		16,876
186914996.SRDLC, 6.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		1,983		1,983		1,939
186916189.SRDLC, 23.99%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		20,910		20,910		20,316
186917027.SRDLC, 30.99%, 03/17/2027 (a)(q)	Lending Club		03/09/2022		4,514		4,569		4,409
186917181.SRDLC, 20.49%, 03/15/2025 (a)(q)	Lending Club		03/09/2022		3,565		3,603		3,453
186919095.SRDLC, 13.19%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		21,716		21,716		21,045
186919628.SRDLC, 15.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		8,290		8,290		7,985
186921772.SRDLC, 16.19%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		6,099		6,099		5,928
186921775.SRDLC, 30.99%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		4,457		4,507		4,349
186922130.SRDLC, 16.99%, 03/16/2025 (a)(q)	Lending Club		03/09/2022		7,001		7,063		6,769
186922494.SRDLC, 10.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		27,044		27,044		26,225
186922822.SRDLC, 27.99%, 03/07/2025 (a)(l)(q)	Lending Club		03/09/2022		10,987		10,987		1,643
186923282.SRDLC, 9.59%, 03/07/2025 (a)(l)(q)	Lending Club		03/09/2022		6,194		6,194		926
186923495.SRDLC, 28.99%, 03/04/2027 (a)(q)	Lending Club		03/08/2022		8,859		8,859		8,778
186923646.SRDLC, 20.49%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		3,535		3,566		3,417
186925691.SRDLC, 30.99%, 03/15/2027 (a)(l)(q)	Lending Club		04/01/2022		4,625		4,683		4,400
186925869.SRDLC, 22.99%, 03/07/2025 (a)(l)(q)	Lending Club		03/09/2022		1,180		1,196		208
186927765.SRDLC, 18.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		9,583		9,583		9,238
186929069.SRDLC, 23.49%, 03/16/2027 (a)(q)	Lending Club		03/10/2022		6,125		6,125		5,953
186929213.SRDLC, 24.79%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		4,320		4,320		4,148
186929745.SRDLC, 6.59%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		7,275		7,275		7,087
186929796.SRDLC, 12.54%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		1,635		1,649		1,579
186929997.SRDLC, 5.09%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		7,414		7,414		7,179
186930176.SRDLC, 30.49%, 03/10/2027 (a)(q)	Lending Club		03/14/2022		8,903		8,964		8,679
186930238.SRDLC, 17.99%, 03/07/2025 (a)(l)(q)	Lending Club		03/09/2022		8,351		8,459		1,248

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

39

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186930558.SRDLC, 9.84%, 03/15/2025 (a)(q)	Lending Club		03/09/2022	$	8,094	$	8,094	$	7,853
186934357.SRDLC, 23.49%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		3,615		3,648		3,523
186934755.SRDLC, 18.19%, 03/15/2025 (a)(q)	Lending Club		03/09/2022		4,578		4,578		4,428
186935113.SRDLC, 15.49%, 03/07/2024 (a)(q)	Lending Club		03/09/2022		993		999		979
186935363.SRDLC, 30.99%, 03/18/2027 (a)(q)	Lending Club		03/22/2022		13,370		13,524		13,134
186936722.SRDLC, 7.59%, 03/17/2025 (a)(l)(q)	Lending Club		03/09/2022		29,858		29,858		4,641
186936790.SRDLC, 30.49%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		5,785		5,851		5,645
186938222.SRDLC, 18.49%, 03/07/2025 (a)(l)(q)	Lending Club		03/09/2022		3,716		3,764		1,499
186938507.SRDLC, 7.09%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		13,262		13,262		12,802
186938697.SRDLC, 30.99%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		7,576		7,662		7,425
186938756.SRDLC, 22.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		5,716		5,768		5,591
186939170.SRDLC, 15.99%, 03/14/2025 (a)(q)	Lending Club		03/09/2022		3,502		3,533		3,385
186941874.SRDLC, 15.99%, 03/08/2025 (a)(q)	Lending Club		03/09/2022		4,424		4,463		4,277
186942033.SRDLC, 6.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		4,627		4,627		4,524
186943871.SRDLC, 30.99%, 03/04/2025 (a)(l)(q)	Lending Club		03/09/2022		3,792		3,841		1,644
186944478.SRDLC, 17.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		697		703		674
186944501.SRDLC, 7.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		9,326		9,326		9,085
186945043.SRDLC, 30.99%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		6,373		6,446		6,220
186946625.SRDLC, 22.99%, 03/17/2025 (a)(q)	Lending Club		03/09/2022		5,564		5,614		5,423
186946979.SRDLC, 17.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		2,096		2,115		2,027
186946994.SRDLC, 30.99%, 03/01/2027 (a)(l)(q)	Lending Club		03/09/2022		13,265		13,417		12,937
186947728.SRDLC, 20.49%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		8,125		8,125		7,890
186948086.SRDLC, 9.49%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		4,929		4,929		4,772
186948516.SRDLC, 29.74%, 04/21/2025 (a)(l)(q)	Lending Club		03/09/2022		1,648		1,667		1,601
186949502.SRDLC, 19.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		4,926		4,970		4,758
186950596.SRDLC, 5.99%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		26,375		26,375		25,784
186950730.SRDLC, 5.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		11,209		11,209		10,959
186952065.SRDLC, 17.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		4,193		4,230		4,055
186952635.SRDLC, 7.24%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		26,544		26,544		25,954
186952678.SRDLC, 5.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		12,528		12,528		12,248
186952838.SRDLC, 30.99%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		5,348		5,408		5,205
186953143.SRDLC, 13.19%, 03/23/2027 (a)(q)	Lending Club		03/10/2022		11,778		11,778		11,403
186953189.SRDLC, 18.99%, 03/22/2027 (a)(q)	Lending Club		03/09/2022		12,105		12,105		11,736
186954345.SRDLC, 30.99%, 03/10/2026 (a)(q)	Lending Club		03/14/2022		4,098		4,141		4,029
186955508.SRDLC, 30.99%, 03/25/2025 (a)(l)(q)	Lending Club		03/23/2022		7,458		7,555		1,424
186957057.SRDLC, 12.74%, 03/16/2024 (a)(l)(q)	Lending Club		03/15/2022		10,768		10,898		10,572
186957097.SRDLC, 9.59%, 03/07/2025 (a)(l)(q)	Lending Club		03/09/2022		8,689		8,689		1,299
186958321.SRDLC, 30.99%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		7,109		7,189		6,967
186958422.SRDLC, 29.74%, 04/04/2025 (a)(l)(q)	Lending Club		04/06/2022		4,235		4,290		141
186958654.SRDLC, 14.49%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		7,979		7,979		7,703
186959040.SRDLC, 16.99%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		5,084		5,140		4,739
186959392.SRDLC, 30.99%, 03/15/2027 (a)(q)	Lending Club		03/11/2022		5,389		5,451		5,271
186960205.SRDLC, 6.59%, 03/28/2027 (a)(l)(q)	Lending Club		03/09/2022		17,238		17,238		2,577
186960953.SRDLC, 6.59%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		15,874		15,874		15,463
186963432.SRDLC, 5.59%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		9,476		9,476		9,154
186963564.SRDLC, 6.59%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		1,987		1,987		1,935
186963965.SRDLC, 21.49%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		5,181		5,238		4,975
186966365.SRDLC, 30.99%, 03/17/2025 (a)(q)	Lending Club		03/09/2022		4,496		4,539		4,398
186966989.SRDLC, 30.99%, 03/21/2027 (a)(l)(q)	Lending Club		03/09/2022		6,734		6,822		1,007
186967519.SRDLC, 10.19%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		18,947		18,947		18,427
186968317.SRDLC, 14.69%, 03/07/2025 (a)(l)(q)	Lending Club		03/09/2022		22,952		22,952		3,596
186968818.SRDLC, 5.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		14,837		14,837		14,502
186969031.SRDLC, 25.49%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		3,606		3,639		3,550
186969110.SRDLC, 30.99%, 03/15/2027 (a)(q)	Lending Club		03/09/2022		8,998		9,102		8,801
186969603.SRDLC, 28.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		1,099		1,109		1,073

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

40

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186969754.SRDLC, 21.99%, 03/30/2027 (a)(q)	Lending Club		04/01/2022	$	12,694	$	12,842	$	12,015
186969770.SRDLC, 27.49%, 03/20/2027 (a)(q)	Lending Club		03/09/2022		5,356		5,424		5,233
186969924.SRDLC, 17.19%, 03/09/2027 (a)(q)	Lending Club		03/11/2022		26,668		26,668		25,762
186970990.SRDLC, 10.99%, 03/18/2025 (a)(q)	Lending Club		03/09/2022		7,478		7,478		7,210
186971589.SRDLC, 9.29%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		3,193		3,193		3,084
186972144.SRDLC, 22.99%, 03/16/2025 (a)(l)(q)	Lending Club		03/09/2022		2,149		2,149		321
186973856.SRDLC, 11.19%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		19,870		19,870		19,246
186974562.SRDLC, 17.19%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		3,483		3,483		3,367
186974858.SRDLC, 12.49%, 03/16/2027 (a)(q)	Lending Club		03/09/2022		13,380		13,380		12,996
186975112.SRDLC, 22.49%, 03/22/2025 (a)(q)	Lending Club		03/16/2022		7,179		7,244		6,972
186975750.SRDLC, 30.99%, 03/10/2025 (a)(q)	Lending Club		03/09/2022		2,375		2,397		2,313
186975831.SRDLC, 27.49%, 03/16/2027 (a)(q)	Lending Club		03/09/2022		8,901		9,002		8,702
186976156.SRDLC, 19.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		2,148		2,167		2,082
186976477.SRDLC, 21.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		4,909		4,909		4,731
186977311.SRDLC, 22.99%, 03/01/2027 (a)(l)(q)	Lending Club		03/09/2022		6,043		6,111		5,886
186977592.SRDLC, 27.49%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		5,290		5,350		5,178
186977896.SRDLC, 27.74%, 03/09/2027 (a)(l)(q)	Lending Club		03/11/2022		23,294		23,597		3,748
186978035.SRDLC, 6.99%, 03/01/2025 (a)(q)	Lending Club		03/09/2022		12,569		12,569		12,291
186978206.SRDLC, 17.19%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		21,232		21,232		20,505
186978254.SRDLC, 8.99%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		32,785		32,785		31,735
186979291.SRDLC, 26.49%, 03/07/2025 (a)(l)(q)	Lending Club		03/09/2022		3,102		3,143		464
186980070.SRDLC, 7.09%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		3,713		3,713		3,582
186980107.SRDLC, 15%, 08/21/2026 (a)(l)(q)	Lending Club		03/14/2022		21,287		21,505		13,450
186980309.SRDLC, 10.99%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		6,761		6,761		6,559
186980691.SRDLC, 30.99%, 03/13/2027 (a)(l)(q)	Lending Club		03/09/2022		4,801		4,863		718
186980962.SRDLC, 30.49%, 03/10/2027 (a)(q)	Lending Club		03/14/2022		13,350		13,503		13,050
186981038.SRDLC, 30.99%, 03/10/2027 (a)(q)	Lending Club		03/09/2022		5,242		5,299		5,123
186981641.SRDLC, 23.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		2,870		2,896		2,808
186982180.SRDLC, 26.24%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		1,264		1,276		1,234
186982354.SRDLC, 5.09%, 03/25/2025 (a)(q)	Lending Club		03/09/2022		4,391		4,391		4,309
186982361.SRDLC, 22.49%, 03/07/2026 (a)(q)	Lending Club		03/09/2022		16,203		16,371		15,693
186982644.SRDLC, 12.54%, 03/16/2025 (a)(q)	Lending Club		03/09/2022		5,304		5,350		5,134
186982976.SRDLC, 17.99%, 03/17/2025 (a)(q)	Lending Club		03/21/2022		6,289		6,345		6,095
186983409.SRDLC, 15.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		1,727		1,742		1,669
186983820.SRDLC, 23.99%, 03/17/2025 (a)(q)	Lending Club		03/09/2022		7,254		7,321		7,096
186984103.SRDLC, 12.69%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		10,918		10,918		10,579
186984751.SRDLC, 23.99%, 03/12/2025 (a)(q)	Lending Club		03/09/2022		11,409		11,513		11,182
186985079.SRDLC, 30.99%, 03/10/2027 (a)(q)	Lending Club		03/14/2022		13,370		13,523		13,072
186985421.SRDLC, 12.49%, 03/10/2025 (a)(q)	Lending Club		03/09/2022		6,822		6,822		6,578
186985653.SRDLC, 21.49%, 03/16/2025 (a)(q)	Lending Club		03/10/2022		7,139		7,139		6,921
186986577.SRDLC, 30.99%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		7,494		7,564		7,305
186987081.SRDLC, 30.99%, 03/20/2025 (a)(l)(q)	Lending Club		03/09/2022		5,523		5,595		826
186987216.SRDLC, 11.19%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		24,838		24,838		24,058
186987619.SRDLC, 30.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		1,847		1,864		1,803
186988932.SRDLC, 8.99%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		13,114		13,114		12,694
186991595.SRDLC, 28.99%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		21,261		21,261		21,088
186991977.SRDLC, 18.74%, 03/07/2025 (a)(l)(q)	Lending Club		03/09/2022		8,717		8,829		3,661
186992140.SRDLC, 27.99%, 03/15/2024 (a)(q)	Lending Club		03/10/2022		2,644		2,662		2,623
186993852.SRDLC, 9.09%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		3,349		3,349		3,266
186994906.SRDLC, 30.99%, 03/15/2025 (a)(q)	Lending Club		03/09/2022		1,866		1,884		1,823
186994916.SRDLC, 6.59%, 04/28/2027 (a)(q)	Lending Club		03/09/2022		19,835		19,835		19,171
186994940.SRDLC, 30.99%, 03/07/2027 (a)(q)	Lending Club		03/09/2022		10,696		10,819		10,439
186995154.SRDLC, 15.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		1,593		1,606		1,540
186995899.SRDLC, 24.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		1,976		1,994		1,929
186996001.SRDLC, 10.99%, 03/15/2025 (a)(q)	Lending Club		03/10/2022		20,354		20,354		19,738

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

41

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
186996360.SRDLC, 30.99%, 08/20/2025 (a)(q)	Lending Club		03/10/2022	$	3,497	$	3,537	$	3,370
186996547.SRDLC, 30.99%, 03/15/2027 (a)(l)(q)	Lending Club		03/09/2022		10,715		10,854		1,602
186997520.SRDLC, 21.49%, 03/16/2025 (a)(q)	Lending Club		03/18/2022		4,972		5,012		4,818
186997746.SRDLC, 5.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		2,638		2,638		2,578
186998317.SRDLC, 30.49%, 04/30/2027 (a)(l)(q)	Lending Club		03/09/2022		8,792		8,906		8,587
186999371.SRDLC, 7.59%, 03/16/2025 (a)(q)	Lending Club		03/10/2022		5,331		5,331		5,194
187000623.SRDLC, 30.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		2,218		2,231		2,156
187002010.SRDLC, 17.99%, 03/23/2025 (a)(l)(q)	Lending Club		03/25/2022		5,453		5,501		5,268
187002654.SRDLC, 30.99%, 03/20/2025 (a)(q)	Lending Club		03/16/2022		2,683		2,709		2,628
187003180.SRDLC, 30.99%, 03/10/2027 (a)(l)(q)	Lending Club		03/14/2022		18,157		18,393		1,241
187003355.SRDLC, 30.99%, 03/25/2027 (a)(q)	Lending Club		03/14/2022		13,599		13,766		13,347
187003763.SRDLC, 21.99%, 03/10/2025 (a)(q)	Lending Club		03/10/2022		3,565		3,597		3,446
187004185.SRDLC, 20.49%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		17,668		17,826		17,127
187004337.SRDLC, 14.99%, 03/17/2027 (a)(q)	Lending Club		03/10/2022		20,299		20,299		19,609
187007026.SRDLC, 16.19%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		6,099		6,099		5,932
187007115.SRDLC, 30.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		3,693		3,728		3,607
187007624.SRDLC, 28.49%, 03/15/2025 (a)(q)	Lending Club		03/09/2022		4,427		4,469		4,322
187008942.SRDLC, 15.29%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		2,329		2,329		2,256
187009222.SRDLC, 28.99%, 03/07/2025 (a)(q)	Lending Club		03/09/2022		7,328		7,395		7,154
187010379.SRDLC, 15.99%, 04/26/2025 (a)(q)	Lending Club		03/09/2022		2,458		2,479		2,396
187012069.SRDLC, 30.99%, 03/15/2025 (a)(l)(q)	Lending Club		03/11/2022		7,622		7,721		1,139
187012487.SRDLC, 21.49%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		2,238		2,258		2,185
187013586.SRDLC, 5.99%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		6,594		6,594		6,445
187013940.SRDLC, 18.49%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		19,037		19,037		18,491
187014518.SRDLC, 9.69%, 03/16/2027 (a)(q)	Lending Club		03/11/2022		28,853		28,853		27,915
187014710.SRDLC, 20.49%, 03/17/2025 (a)(q)	Lending Club		03/21/2022		2,544		2,567		2,474
187014822.SRDLC, 15.49%, 03/10/2025 (a)(q)	Lending Club		03/10/2022		3,805		3,838		3,672
187015235.SRDLC, 30.99%, 03/08/2027 (a)(l)(q)	Lending Club		03/10/2022		8,802		8,917		—
187016656.SRDLC, 27.99%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		7,298		7,365		7,127
187016803.SRDLC, 7.24%, 03/15/2025 (a)(q)	Lending Club		03/10/2022		26,604		26,604		25,999
187016906.SRDLC, 20.99%, 03/24/2027 (a)(q)	Lending Club		03/14/2022		16,570		16,570		16,133
187017386.SRDLC, 30.99%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		2,247		2,269		2,187
187017395.SRDLC, 28.99%, 04/12/2027 (a)(l)(q)	Lending Club		03/30/2022		13,187		13,358		12,803
187017868.SRDLC, 18.99%, 03/20/2025 (a)(l)(q)	Lending Club		03/14/2022		25,969		25,969		25,129
187018701.SRDLC, 16.99%, 04/28/2025 (a)(q)	Lending Club		03/10/2022		6,642		6,642		6,481
187019293.SRDLC, 29.99%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		15,995		15,995		15,868
187019567.SRDLC, 9.49%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		22,674		22,674		21,952
187019977.SRDLC, 26.24%, 03/13/2025 (a)(q)	Lending Club		03/10/2022		1,823		1,840		1,778
187020605.SRDLC, 13.74%, 03/09/2027 (a)(q)	Lending Club		03/11/2022		10,047		10,047		9,770
187022209.SRDLC, 30.99%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		6,409		6,493		6,259
187023324.SRDLC, 30.99%, 03/15/2027 (a)(q)	Lending Club		03/17/2022		7,487		7,573		7,342
187024361.SRDLC, 23.99%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		7,176		7,176		6,892
187024410.SRDLC, 14.49%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		2,063		2,063		1,998
187024503.SRDLC, 30.99%, 03/20/2025 (a)(q)	Lending Club		03/16/2022		5,894		5,950		5,798
187024750.SRDLC, 22.74%, 03/08/2025 (a)(l)(q)	Lending Club		03/10/2022		3,769		3,818		653
187030695.SRDLC, 6.59%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		2,645		2,645		2,577
187031324.SRDLC, 27.99%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		8,830		8,931		8,615
187031627.SRDLC, 12.99%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		20,480		20,480		19,866
187032911.SRDLC, 16.99%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		5,565		5,565		5,393
187033012.SRDLC, 12.74%, 03/16/2025 (a)(q)	Lending Club		03/11/2022		822		822		792
187033106.SRDLC, 17.99%, 03/08/2025 (a)(l)(q)	Lending Club		03/10/2022		5,468		5,539		817
187033122.SRDLC, 7.09%, 03/09/2027 (a)(q)	Lending Club		03/11/2022		21,390		21,390		20,764
187034307.SRDLC, 24.99%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		1,080		1,089		1,057
187034438.SRDLC, 8.79%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		4,013		4,013		3,873
187035689.SRDLC, 12.54%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		1,703		1,718		1,645

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

42

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187035966.SRDLC, 23.49%, 03/09/2027 (a)(q)	Lending Club		03/11/2022	$	8,697	$	8,697	$	8,455
187036809.SRDLC, 30.99%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		1,108		1,118		1,083
187036897.SRDLC, 30.99%, 03/06/2027 (a)(l)(q)	Lending Club		03/25/2022		9,081		9,199		3,358
187037256.SRDLC, 23.99%, 03/10/2027 (a)(q)	Lending Club		03/14/2022		10,455		10,455		10,175
187037815.SRDLC, 25.99%, 03/14/2027 (a)(l)(q)	Lending Club		03/16/2022		10,423		10,559		1,558
187038824.SRDLC, 8.24%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		9,337		9,337		9,097
187039305.SRDLC, 24.99%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		2,162		2,182		2,116
187039708.SRDLC, 21.49%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		4,317		4,365		4,147
187039842.SRDLC, 6.59%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		6,614		6,614		6,445
187040123.SRDLC, 30.99%, 03/21/2025 (a)(l)(q)	Lending Club		03/23/2022		20,712		20,982		280
187040321.SRDLC, 21.99%, 03/10/2027 (a)(q)	Lending Club		03/14/2022		13,927		13,927		13,547
187040621.SRDLC, 23.99%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		6,957		6,957		6,776
187040626.SRDLC, 9.34%, 03/23/2027 (a)(q)	Lending Club		03/10/2022		10,728		10,728		10,375
187040937.SRDLC, 30.99%, 03/21/2027 (a)(l)(q)	Lending Club		03/23/2022		4,812		4,875		719
187042692.SRDLC, 11.89%, 03/08/2027 (a)(l)(q)	Lending Club		03/10/2022		26,668		26,668		3,987
187042914.SRDLC, 10%, 08/09/2025 (a)(q)	Lending Club		03/11/2022		1,058		1,058		688
187043557.SRDLC, 30.99%, 03/08/2027 (a)(q)	Lending Club		03/10/2022		10,696		10,819		10,445
187044456.SRDLC, 28.49%, 03/08/2027 (a)(l)(q)	Lending Club		03/10/2022		7,515		7,613		2,793
187044734.SRDLC, 15.99%, 03/08/2025 (a)(q)	Lending Club		03/10/2022		4,847		4,889		4,686
187045339.SRDLC, 16.99%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		5,565		5,565		5,393
187045611.SRDLC, 15.74%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		2,351		2,372		2,275
187045971.SRDLC, 7.09%, 03/02/2027 (a)(q)	Lending Club		03/15/2022		12,156		12,156		11,800
187046745.SRDLC, 19.99%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		3,526		3,557		3,420
187047990.SRDLC, 30.99%, 03/01/2027 (a)(l)(q)	Lending Club		03/23/2022		6,063		6,142		906
187048685.SRDLC, 6.59%, 03/11/2027 (a)(q)	Lending Club		03/15/2022		12,074		12,074		11,668
187049271.SRDLC, 20.49%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		4,240		4,278		4,113
187049632.SRDLC, 16.49%, 03/20/2025 (a)(q)	Lending Club		03/11/2022		4,561		4,600		4,413
187050428.SRDLC, 22.49%, 03/09/2027 (a)(q)	Lending Club		03/11/2022		5,200		5,258		4,997
187050484.SRDLC, 30.99%, 03/28/2027 (a)(l)(q)	Lending Club		03/16/2022		13,796		13,975		3,499
187050949.SRDLC, 21.49%, 03/09/2025 (a)(l)(q)	Lending Club		03/11/2022		1,486		1,506		608
187051535.SRDLC, 27.99%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		3,648		3,681		3,564
187052570.SRDLC, 22.99%, 03/01/2025 (a)(l)(q)	Lending Club		03/16/2022		10,102		10,233		1,754
187053282.SRDLC, 30.99%, 03/18/2025 (a)(q)	Lending Club		03/11/2022		1,111		1,121		1,086
187053309.SRDLC, 5.59%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		8,554		8,554		8,334
187053584.SRDLC, 30.99%, 03/17/2027 (a)(l)(q)	Lending Club		03/11/2022		14,190		14,374		2,121
187055517.SRDLC, 28.99%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		3,664		3,698		3,581
187057455.SRDLC, 30.99%, 03/17/2025 (a)(q)	Lending Club		03/14/2022		1,829		1,852		1,795
187057871.SRDLC, 14.19%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		1,716		1,716		1,669
187058552.SRDLC, 27.99%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		876		876		856
187060262.SRDLC, 18.99%, 03/20/2025 (a)(q)	Lending Club		03/11/2022		709		709		686
187060772.SRDLC, 20.49%, 03/15/2025 (a)(l)(q)	Lending Club		03/11/2022		5,946		6,018		5,734
187060807.SRDLC, 22.99%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		1,715		1,715		1,647
187061785.SRDLC, 28.99%, 03/04/2027 (a)(q)	Lending Club		03/11/2022		15,861		16,041		15,440
187061900.SRDLC, 20.49%, 03/15/2025 (a)(q)	Lending Club		03/11/2022		8,531		8,608		8,250
187061950.SRDLC, 22.99%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		3,573		3,605		3,497
187062738.SRDLC, 27.99%, 10/29/2024 (a)(l)(q)	Lending Club		03/16/2022		12,986		12,986		12,512
187063469.SRDLC, 11.34%, 03/10/2027 (a)(q)	Lending Club		03/14/2022		16,568		16,568		16,108
187063470.SRDLC, 23.19%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		5,006		5,006		4,876
187064351.SRDLC, 20.74%, 03/09/2027 (a)(q)	Lending Club		03/11/2022		21,086		21,199		20,272
187064981.SRDLC, 16.49%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		11,583		11,583		4,486
187065183.SRDLC, 15.49%, 03/17/2025 (a)(q)	Lending Club		03/11/2022		7,643		7,740		7,388
187065357.SRDLC, 17.49%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		8,388		8,461		8,100
187065925.SRDLC, 19.49%, 03/17/2025 (a)(q)	Lending Club		03/11/2022		2,763		2,763		2,656
187066092.SRDLC, 30.99%, 03/15/2027 (a)(q)	Lending Club		03/14/2022		5,383		5,445		5,251
187066402.SRDLC, 13.49%, 03/24/2027 (a)(q)	Lending Club		03/14/2022		16,846		16,846		16,371

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

43

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187066767.SRDLC, 15.49%, 03/15/2025 (a)(q)	Lending Club		03/17/2022	$	7,184	$	7,247	$	6,956
187066773.SRDLC, 6.59%, 03/09/2027 (a)(q)	Lending Club		03/11/2022		32,412		32,412		31,321
187066929.SRDLC, 7.49%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		26,582		26,582		25,986
187067030.SRDLC, 21.99%, 03/09/2027 (a)(q)	Lending Club		03/11/2022		10,121		10,121		9,512
187067662.SRDLC, 15.74%, 03/25/2027 (a)(q)	Lending Club		03/16/2022		28,278		28,278		27,349
187067840.SRDLC, 8.59%, 03/01/2025 (a)(q)	Lending Club		03/14/2022		6,659		6,659		6,487
187068023.SRDLC, 12.19%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		3,008		3,008		2,905
187069624.SRDLC, 19.49%, 03/17/2025 (a)(q)	Lending Club		03/11/2022		4,607		4,607		4,431
187069722.SRDLC, 30.99%, 03/25/2027 (a)(q)	Lending Club		03/14/2022		5,907		5,980		5,752
187070240.SRDLC, 21.49%, 03/20/2027 (a)(q)	Lending Club		03/14/2022		10,347		10,347		10,063
187070699.SRDLC, 30.99%, 03/15/2027 (a)(q)	Lending Club		03/17/2022		17,827		18,032		17,481
187070990.SRDLC, 15.99%, 03/16/2025 (a)(q)	Lending Club		03/11/2022		5,011		5,065		4,843
187073165.SRDLC, 11.99%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		3,397		3,397		3,296
187073409.SRDLC, 9.59%, 03/10/2025 (a)(l)(q)	Lending Club		03/14/2022		10,680		10,680		1,597
187073789.SRDLC, 18.49%, 03/09/2025 (a)(l)(q)	Lending Club		03/11/2022		3,361		3,391		3,252
187074059.SRDLC, 22.49%, 03/09/2025 (a)(q)	Lending Club		03/11/2022		3,565		3,597		3,459
187076024.SRDLC, 12.19%, 03/10/2027 (a)(q)	Lending Club		03/14/2022		21,619		21,619		20,959
187077040.SRDLC, 30.99%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		5,794		5,860		5,678
187077555.SRDLC, 26.99%, 03/15/2025 (a)(l)(q)	Lending Club		03/11/2022		10,909		11,051		1,631
187077933.SRDLC, 11.19%, 03/03/2027 (a)(q)	Lending Club		03/14/2022		8,276		8,276		8,014
187079283.SRDLC, 30.99%, 03/29/2027 (a)(l)(q)	Lending Club		03/31/2022		13,515		13,661		12,802
187079529.SRDLC, 22.49%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		7,130		7,194		6,923
187080468.SRDLC, 13.99%, 03/16/2025 (a)(q)	Lending Club		03/11/2022		4,818		4,860		4,655
187080922.SRDLC, 30.99%, 03/25/2027 (a)(q)	Lending Club		03/14/2022		4,543		4,596		4,424
187081426.SRDLC, 30.99%, 03/09/2027 (a)(q)	Lending Club		03/11/2022		13,370		13,518		13,064
187083049.SRDLC, 19.49%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		4,221		4,259		4,097
187083667.SRDLC, 30.99%, 03/15/2027 (a)(l)(q)	Lending Club		03/14/2022		7,379		7,474		7,162
187084131.SRDLC, 25.49%, 02/23/2027 (a)(l)(q)	Lending Club		03/14/2022		6,882		6,960		6,806
187084134.SRDLC, 21.49%, 03/11/2025 (a)(l)(q)	Lending Club		03/15/2022		20,736		20,736		3,100
187084350.SRDLC, 30.99%, 03/29/2025 (a)(l)(q)	Lending Club		03/31/2022		8,285		8,393		1,287
187085796.SRDLC, 27.49%, 03/10/2027 (a)(q)	Lending Club		03/14/2022		10,577		10,697		10,330
187087599.SRDLC, 4.99%, 03/18/2025 (a)(q)	Lending Club		03/14/2022		8,214		8,214		8,025
187090647.SRDLC, 30.99%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		739		746		723
187094773.SRDLC, 19.99%, 03/18/2025 (a)(l)(q)	Lending Club		03/15/2022		4,768		4,830		713
187095146.SRDLC, 17.49%, 03/15/2027 (a)(q)	Lending Club		03/14/2022		25,595		25,595		24,311
187096378.SRDLC, 17.24%, 03/10/2027 (a)(l)(q)	Lending Club		03/14/2022		16,400		16,400		15,579
187096917.SRDLC, 22.99%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		6,431		6,431		6,185
187099521.SRDLC, 30.99%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		1,033		1,042		1,011
187099924.SRDLC, 17.44%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		13,941		13,941		13,522
187101376.SRDLC, 27.99%, 03/10/2025 (a)(l)(q)	Lending Club		03/14/2022		4,898		4,898		2,064
187103577.SRDLC, 28.99%, 03/10/2027 (a)(q)	Lending Club		03/14/2022		4,429		4,429		4,402
187103780.SRDLC, 28.99%, 03/11/2027 (a)(q)	Lending Club		03/15/2022		5,315		5,376		5,196
187104737.SRDLC, 10.99%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		11,494		11,494		11,153
187105051.SRDLC, 15.19%, 03/21/2025 (a)(q)	Lending Club		03/15/2022		2,779		2,779		2,689
187105742.SRDLC, 30.99%, 03/11/2027 (a)(l)(q)	Lending Club		03/15/2022		13,917		14,098		2,395
187105908.SRDLC, 30.99%, 03/22/2027 (a)(l)(q)	Lending Club		03/15/2022		18,631		18,873		3,405
187107161.SRDLC, 4.99%, 03/16/2025 (a)(q)	Lending Club		03/14/2022		26,275		26,275		25,670
187107777.SRDLC, 21.49%, 03/17/2025 (a)(q)	Lending Club		03/21/2022		2,046		2,046		1,993
187109249.SRDLC, 16.99%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		4,174		4,174		4,047
187111599.SRDLC, 23.99%, 03/11/2027 (a)(q)	Lending Club		03/15/2022		11,326		11,326		11,026
187112294.SRDLC, 27.49%, 03/11/2027 (a)(q)	Lending Club		03/15/2022		5,290		5,350		5,169
187113052.SRDLC, 30.99%, 03/30/2027 (a)(l)(q)	Lending Club		04/01/2022		5,407		5,477		5,109
187113417.SRDLC, 12.99%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		4,779		4,779		4,637
187113627.SRDLC, 28.49%, 03/20/2027 (a)(q)	Lending Club		03/15/2022		6,226		6,297		6,102
187113823.SRDLC, 8.49%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		26,711		26,711		26,031

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

44

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187114091.SRDLC, 8.59%, 03/26/2027 (a)(q)	Lending Club		03/15/2022	$	29,523	$	29,523	$	28,549
187114622.SRDLC, 25.74%, 03/15/2025 (a)(q)	Lending Club		03/17/2022		7,233		7,299		7,070
187116136.SRDLC, 12.99%, 03/10/2027 (a)(q)	Lending Club		03/14/2022		23,606		23,606		22,608
187116827.SRDLC, 7.59%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		9,975		9,975		9,717
187118843.SRDLC, 25.49%, 03/10/2025 (a)(q)	Lending Club		03/14/2022		14,444		14,444		14,121
187119161.SRDLC, 25.99%, 03/29/2027 (a)(l)(q)	Lending Club		03/16/2022		10,805		10,805		10,258
187120238.SRDLC, 28.49%, 03/18/2025 (a)(q)	Lending Club		03/22/2022		2,200		2,220		2,151
187121118.SRDLC, 17.99%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		8,554		8,665		1,181
187122896.SRDLC, 30.99%, 03/29/2027 (a)(l)(q)	Lending Club		03/31/2022		5,406		5,464		5,121
187123648.SRDLC, 30.99%, 03/30/2027 (a)(l)(q)	Lending Club		04/01/2022		9,010		9,119		8,540
187123953.SRDLC, 30.49%, 03/16/2027 (a)(l)(q)	Lending Club		03/18/2022		4,639		4,699		251
187125258.SRDLC, 8.99%, 03/11/2025 (a)(l)(q)	Lending Club		03/15/2022		11,772		11,772		1,859
187125272.SRDLC, 9.99%, 03/11/2027 (a)(q)	Lending Club		03/15/2022		8,234		8,234		7,974
187127273.SRDLC, 30.99%, 03/25/2025 (a)(q)	Lending Club		03/16/2022		4,509		4,553		4,409
187128843.SRDLC, 30.99%, 03/20/2027 (a)(l)(q)	Lending Club		03/15/2022		8,781		8,895		727
187129496.SRDLC, 30.99%, 03/25/2027 (a)(q)	Lending Club		03/14/2022		16,356		16,356		16,107
187131130.SRDLC, 15.69%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		4,782		4,782		4,636
187131674.SRDLC, 22.99%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		2,358		2,379		2,313
187132024.SRDLC, 15.49%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		1,610		1,624		1,558
187132605.SRDLC, 15.99%, 03/21/2027 (a)(q)	Lending Club		03/15/2022		33,995		33,995		32,871
187133675.SRDLC, 24.99%, 03/20/2027 (a)(l)(q)	Lending Club		03/15/2022		5,933		6,011		1,001
187134429.SRDLC, 17.99%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		6,988		7,050		6,764
187134949.SRDLC, 30.24%, 03/10/2027 (a)(q)	Lending Club		03/22/2022		17,617		17,818		17,215
187137324.SRDLC, 25.99%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		1,447		1,447		1,416
187137965.SRDLC, 4.99%, 03/15/2025 (a)(q)	Lending Club		03/16/2022		9,842		9,842		9,617
187140773.SRDLC, 27.99%, 03/15/2027 (a)(l)(q)	Lending Club		03/17/2022		5,479		5,551		—
187142052.SRDLC, 5.59%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		11,844		11,844		11,540
187142957.SRDLC, 6.59%, 03/15/2027 (a)(q)	Lending Club		03/16/2022		15,783		15,783		15,258
187143408.SRDLC, 12.34%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		33,286		33,286		32,372
187143516.SRDLC, 22.99%, 03/07/2025 (a)(l)(q)	Lending Club		03/15/2022		7,405		7,501		3,117
187145482.SRDLC, 30.99%, 03/15/2025 (a)(l)(q)	Lending Club		03/15/2022		1,184		1,199		316
187145522.SRDLC, 14.99%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		9,302		9,302		8,828
187146211.SRDLC, 6.99%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		12,178		12,178		11,769
187148537.SRDLC, 19.49%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		1,407		1,420		1,366
187148647.SRDLC, 30.99%, 03/22/2027 (a)(l)(q)	Lending Club		03/22/2022		7,010		7,101		1,288
187149966.SRDLC, 14.49%, 03/25/2025 (a)(l)(q)	Lending Club		03/16/2022		8,662		8,662		—
187151370.SRDLC, 30.99%, 03/17/2025 (a)(q)	Lending Club		03/15/2022		7,443		7,513		7,278
187152660.SRDLC, 7.09%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		13,262		13,262		12,965
187153068.SRDLC, 30.99%, 03/29/2026 (a)(l)(q)	Lending Club		03/31/2022		9,261		9,382		1,385
187153289.SRDLC, 7.59%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		9,573		9,573		9,243
187155317.SRDLC, 9.59%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		2,686		2,686		2,606
187156154.SRDLC, 26.99%, 03/15/2025 (a)(l)(q)	Lending Club		03/17/2022		12,000		12,143		1,794
187156614.SRDLC, 26.74%, 03/11/2025 (a)(q)	Lending Club		03/15/2022		4,356		4,396		4,261
187156876.SRDLC, 10.19%, 03/27/2027 (a)(q)	Lending Club		03/16/2022		9,937		9,937		9,661
187157596.SRDLC, 19.96%, 03/20/2025 (a)(q)	Lending Club		03/16/2022		12,764		12,764		12,126
187158857.SRDLC, 20.99%, 03/26/2025 (a)(q)	Lending Club		03/17/2022		3,264		3,293		3,152
187158989.SRDLC, 7.74%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		26,611		26,611		25,943
187159686.SRDLC, 22.49%, 04/14/2027 (a)(q)	Lending Club		03/16/2022		34,972		34,972		33,975
187161193.SRDLC, 22.99%, 03/11/2025 (a)(l)(q)	Lending Club		03/15/2022		3,780		3,829		1,622
187161794.SRDLC, 16.39%, 04/06/2027 (a)(l)(q)	Lending Club		04/08/2022		14,361		14,361		2,147
187162945.SRDLC, 24.49%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		8,708		8,817		8,509
187163955.SRDLC, 18.74%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		4,614		4,665		4,434
187164598.SRDLC, 30.99%, 03/29/2027 (a)(l)(q)	Lending Club		03/31/2022		5,458		5,529		1,888
187165466.SRDLC, 19.49%, 03/30/2025 (a)(l)(q)	Lending Club		03/17/2022		8,855		8,971		—
187165663.SRDLC, 30.99%, 03/14/2025 (a)(l)(q)	Lending Club		03/16/2022		9,289		9,410		1,389

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

45

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187165954.SRDLC, 27.49%, 03/15/2027 (a)(q)	Lending Club		03/17/2022	$	5,290	$	5,350	$	5,181
187166501.SRDLC, 25.49%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		2,515		2,539		2,468
187170600.SRDLC, 23.99%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		17,425		17,620		17,023
187170952.SRDLC, 20.49%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		2,951		2,951		2,848
187171695.SRDLC, 7.59%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		2,659		2,659		2,568
187171712.SRDLC, 22.99%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		3,930		3,966		3,855
187172125.SRDLC, 30.99%, 03/29/2027 (a)(l)(q)	Lending Club		03/31/2022		13,515		13,661		12,802
187175139.SRDLC, 22.99%, 03/29/2025 (a)(l)(q)	Lending Club		03/16/2022		7,500		7,569		7,255
187175565.SRDLC, 20.49%, 03/14/2025 (a)(l)(q)	Lending Club		03/16/2022		5,852		5,922		5,667
187177101.SRDLC, 13.99%, 03/14/2025 (a)(l)(q)	Lending Club		03/16/2022		7,118		7,180		6,869
187177117.SRDLC, 28.99%, 05/31/2025 (a)(l)(q)	Lending Club		03/16/2022		2,418		2,443		1,822
187181524.SRDLC, 27.99%, 03/25/2025 (a)(q)	Lending Club		03/17/2022		6,213		6,272		6,100
187185335.SRDLC, 24.99%, 03/20/2025 (a)(q)	Lending Club		03/16/2022		1,802		1,818		1,772
187185579.SRDLC, 23.74%, 03/20/2025 (a)(q)	Lending Club		03/17/2022		6,056		6,112		5,921
187185770.SRDLC, 23.49%, 03/02/2027 (a)(q)	Lending Club		03/16/2022		7,738		7,825		7,556
187185872.SRDLC, 27.99%, 03/20/2025 (a)(q)	Lending Club		03/16/2022		1,766		1,783		1,725
187191386.SRDLC, 30.99%, 03/14/2027 (a)(l)(q)	Lending Club		03/16/2022		13,558		13,722		13,219
187192260.SRDLC, 25.49%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		3,250		3,280		3,190
187194642.SRDLC, 28.99%, 03/17/2025 (a)(q)	Lending Club		03/16/2022		3,680		3,714		3,592
187196077.SRDLC, 28.99%, 03/17/2027 (a)(l)(q)	Lending Club		03/16/2022		5,389		5,450		5,257
187196888.SRDLC, 13.99%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		5,659		5,708		5,476
187199260.SRDLC, 30.99%, 08/14/2027 (a)(q)	Lending Club		03/16/2022		4,692		4,753		4,533
187202745.SRDLC, 30.99%, 03/26/2025 (a)(l)(q)	Lending Club		03/23/2022		2,061		2,088		2,009
187202884.SRDLC, 23.99%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		7,318		7,400		7,167
187204003.SRDLC, 20.24%, 03/29/2025 (a)(l)(q)	Lending Club		03/31/2022		2,193		2,212		2,093
187204897.SRDLC, 18.99%, 04/04/2024 (a)(q)	Lending Club		04/06/2022		2,625		2,643		2,578
187207505.SRDLC, 30.99%, 03/17/2026 (a)(q)	Lending Club		03/16/2022		13,838		13,987		13,623
187208713.SRDLC, 29.24%, 03/17/2026 (a)(q)	Lending Club		03/21/2022		4,156		4,200		4,101
187208730.SRDLC, 19.49%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		2,533		2,555		2,460
187210013.SRDLC, 30.99%, 03/29/2027 (a)(l)(q)	Lending Club		03/31/2022		14,160		14,344		2,117
187210693.SRDLC, 28.49%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		18,282		18,452		17,917
187212284.SRDLC, 30.99%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		1,108		1,118		1,086
187212490.SRDLC, 28.99%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		2,565		2,585		2,514
187214657.SRDLC, 30.99%, 03/28/2027 (a)(l)(q)	Lending Club		03/23/2022		7,294		7,389		1,090
187216159.SRDLC, 30.99%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		2,659		2,684		2,607
187216699.SRDLC, 19.49%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		2,111		2,130		2,050
187219138.SRDLC, 30.99%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		7,487		7,573		7,338
187219910.SRDLC, 17.99%, 03/18/2025 (a)(q)	Lending Club		03/22/2022		2,091		2,109		2,026
187220895.SRDLC, 16.99%, 03/01/2025 (a)(q)	Lending Club		03/16/2022		2,754		2,778		2,660
187222056.SRDLC, 28.49%, 03/25/2027 (a)(q)	Lending Club		03/29/2022		11,498		11,630		11,333
187222188.SRDLC, 23.49%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		8,697		8,795		8,495
187223726.SRDLC, 15.49%, 03/22/2025 (a)(q)	Lending Club		03/24/2022		691		697		670
187225809.SRDLC, 30.99%, 03/21/2027 (a)(l)(q)	Lending Club		03/23/2022		13,930		14,111		1,392
187225907.SRDLC, 24.99%, 03/15/2027 (a)(q)	Lending Club		03/17/2022		6,120		6,189		5,983
187227077.SRDLC, 17.99%, 03/15/2025 (a)(l)(q)	Lending Club		03/16/2022		11,243		11,389		2,624
187227226.SRDLC, 28.99%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		733		739		718
187228160.SRDLC, 26.49%, 03/17/2025 (a)(q)	Lending Club		03/21/2022		3,626		3,658		3,564
187228476.SRDLC, 30.99%, 03/20/2027 (a)(q)	Lending Club		03/16/2022		12,101		12,226		11,824
187228869.SRDLC, 12.54%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		4,428		4,466		4,283
187229868.SRDLC, 29.99%, 03/21/2025 (a)(l)(q)	Lending Club		03/16/2022		8,334		8,442		—
187230381.SRDLC, 13.99%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		4,490		4,529		4,344
187230799.SRDLC, 14.24%, 03/15/2025 (a)(q)	Lending Club		03/17/2022		2,198		2,217		2,127
187231533.SRDLC, 21.99%, 03/16/2025 (a)(l)(q)	Lending Club		03/18/2022		7,842		7,944		—
187232276.SRDLC, 28.99%, 03/14/2025 (a)(l)(q)	Lending Club		03/16/2022		1,444		1,463		216
187232739.SRDLC, 30.49%, 03/15/2027 (a)(q)	Lending Club		03/17/2022		7,120		7,202		6,981

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

46

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187233907.SRDLC, 21.49%, 03/15/2025 (a)(q)	Lending Club		03/17/2022	$	3,549	$	3,581	$	3,450
187235755.SRDLC, 20.99%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		13,790		13,943		13,263
187238400.SRDLC, 17.99%, 03/14/2025 (a)(q)	Lending Club		03/16/2022		4,892		4,935		4,738
187238457.SRDLC, 18.74%, 03/14/2027 (a)(q)	Lending Club		03/16/2022		7,263		7,343		6,979
187241147.SRDLC, 30.99%, 03/29/2025 (a)(q)	Lending Club		03/16/2022		1,929		1,947		1,861
187241800.SRDLC, 30.99%, 03/17/2027 (a)(l)(q)	Lending Club		03/17/2022		12,513		12,649		12,249
187242033.SRDLC, 30.24%, 03/23/2027 (a)(q)	Lending Club		03/21/2022		13,418		13,570		13,183
187242298.SRDLC, 28.99%, 03/15/2025 (a)(q)	Lending Club		03/17/2022		3,295		3,326		3,232
187242328.SRDLC, 17.99%, 03/15/2025 (a)(q)	Lending Club		03/17/2022		5,765		5,817		5,585
187243100.SRDLC, 18.49%, 03/15/2026 (a)(q)	Lending Club		03/17/2022		4,782		4,831		4,516
187244144.SRDLC, 26.99%, 09/22/2025 (a)(q)	Lending Club		03/17/2022		2,157		2,185		2,092
187244325.SRDLC, 22.49%, 03/15/2025 (a)(l)(q)	Lending Club		03/17/2022		6,476		6,560		968
187256106.SRDLC, 30.99%, 03/27/2027 (a)(q)	Lending Club		03/18/2022		8,134		8,234		7,992
187257769.SRDLC, 19.74%, 03/21/2025 (a)(q)	Lending Club		03/17/2022		7,087		7,150		6,865
187258824.SRDLC, 28.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,782		3,818		3,624
187259128.SRDLC, 30.99%, 03/18/2025 (a)(q)	Lending Club		03/17/2022		741		748		725
187265375.SRDLC, 22.99%, 03/15/2025 (a)(q)	Lending Club		03/17/2022		7,145		7,210		7,013
187266158.SRDLC, 17.99%, 03/15/2025 (a)(q)	Lending Club		03/17/2022		2,795		2,820		2,708
187266552.SRDLC, 30.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		10,813		10,938		10,280
187266613.SRDLC, 27.99%, 03/28/2027 (a)(l)(q)	Lending Club		03/17/2022		5,438		5,504		5,204
187272493.SRDLC, 13.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		4,983		5,027		4,770
187273036.SRDLC, 28.49%, 04/15/2027 (a)(l)(q)	Lending Club		04/06/2022		10,987		11,121		10,335
187274598.SRDLC, 19.49%, 03/22/2026 (a)(q)	Lending Club		03/17/2022		8,055		8,138		7,811
187278011.SRDLC, 30.99%, 03/15/2027 (a)(q)	Lending Club		03/17/2022		10,696		10,819		10,489
187278656.SRDLC, 26.24%, 03/15/2026 (a)(l)(q)	Lending Club		03/17/2022		23,931		24,242		3,578
187280200.SRDLC, 5%, 03/30/2026 (a)(l)(q)	Lending Club		03/17/2022		4,795		4,810		4,630
187280297.SRDLC, 30.99%, 03/24/2025 (a)(l)(q)	Lending Club		03/17/2022		5,913		5,990		1,617
187282942.SRDLC, 13.99%, 03/15/2025 (a)(q)	Lending Club		03/17/2022		3,461		3,491		3,377
187283205.SRDLC, 26.24%, 03/18/2025 (a)(q)	Lending Club		03/22/2022		3,043		3,071		2,992
187285539.SRDLC, 30.99%, 03/22/2027 (a)(q)	Lending Club		03/17/2022		4,486		4,542		4,406
187289700.SRDLC, 27.99%, 03/15/2025 (a)(q)	Lending Club		03/17/2022		3,649		3,683		3,578
187291064.SRDLC, 30.49%, 03/16/2027 (a)(q)	Lending Club		03/18/2022		13,350		13,503		13,097
187296926.SRDLC, 18.99%, 03/16/2027 (a)(q)	Lending Club		03/18/2022		6,843		6,915		6,580
187297380.SRDLC, 8.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		18,750		18,750		18,272
187297514.SRDLC, 28.99%, 03/28/2025 (a)(q)	Lending Club		03/23/2022		7,398		7,474		7,228
187297824.SRDLC, 20.99%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		5,525		5,575		5,380
187298430.SRDLC, 30.99%, 03/29/2027 (a)(q)	Lending Club		03/31/2022		8,851		8,945		8,383
187298940.SRDLC, 27.99%, 03/18/2025 (a)(l)(q)	Lending Club		03/22/2022		4,986		5,050		267
187299086.SRDLC, 20.99%, 03/18/2025 (a)(q)	Lending Club		03/22/2022		3,542		3,574		3,446
187299402.SRDLC, 20.49%, 03/16/2027 (a)(q)	Lending Club		03/18/2022		6,375		6,446		6,191
187299766.SRDLC, 18.99%, 03/16/2027 (a)(q)	Lending Club		03/18/2022		8,170		8,259		7,853
187300111.SRDLC, 30.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		9,010		9,115		8,566
187300531.SRDLC, 30.99%, 04/15/2025 (a)(l)(q)	Lending Club		04/07/2022		7,429		7,525		—
187300979.SRDLC, 19.99%, 03/07/2025 (a)(q)	Lending Club		03/24/2022		2,432		2,454		2,367
187301254.SRDLC, 26.24%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		2,173		2,194		2,140
187304207.SRDLC, 30.99%, 04/04/2025 (a)(q)	Lending Club		03/30/2022		3,075		3,105		2,969
187305059.SRDLC, 14.24%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		6,867		6,928		6,655
187308704.SRDLC, 17.49%, 03/16/2025 (a)(q)	Lending Club		03/18/2022		4,183		4,220		4,053
187308972.SRDLC, 30.99%, 03/26/2026 (a)(l)(q)	Lending Club		03/21/2022		5,558		5,631		831
187313739.SRDLC, 18.99%, 03/17/2025 (a)(q)	Lending Club		03/21/2022		6,319		6,375		6,122
187314680.SRDLC, 28.99%, 03/21/2025 (a)(l)(q)	Lending Club		03/23/2022		4,847		4,910		725
187315215.SRDLC, 23.49%, 03/16/2026 (a)(l)(q)	Lending Club		03/18/2022		16,589		16,762		16,293
187315282.SRDLC, 30.99%, 03/24/2027 (a)(q)	Lending Club		03/28/2022		17,840		18,061		17,540
187315776.SRDLC, 26.24%, 03/26/2025 (a)(q)	Lending Club		03/18/2022		5,872		5,927		5,749
187317167.SRDLC, 17.99%, 03/25/2025 (a)(q)	Lending Club		03/18/2022		1,408		1,420		1,364

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

47

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187317328.SRDLC, 23.49%, 03/21/2027 (a)(q)	Lending Club		03/23/2022	$	6,784	$	6,860	$	6,642
187320803.SRDLC, 30.99%, 03/16/2027 (a)(q)	Lending Club		03/18/2022		4,457		4,508		4,373
187322872.SRDLC, 20.99%, 03/30/2025 (a)(q)	Lending Club		04/01/2022		2,978		3,004		2,847
187324350.SRDLC, 25.99%, 03/16/2025 (a)(q)	Lending Club		03/18/2022		2,952		2,990		2,879
187324593.SRDLC, 17.99%, 04/13/2025 (a)(l)(q)	Lending Club		04/06/2022		9,188		9,308		8,788
187324930.SRDLC, 30.99%, 03/16/2026 (a)(q)	Lending Club		03/18/2022		10,151		10,255		9,961
187325075.SRDLC, 17.49%, 03/12/2025 (a)(q)	Lending Club		03/21/2022		3,469		3,496		3,358
187326098.SRDLC, 17.99%, 03/02/2025 (a)(q)	Lending Club		03/18/2022		11,173		11,270		10,825
187326921.SRDLC, 23.99%, 04/20/2025 (a)(q)	Lending Club		04/07/2022		7,535		7,607		7,278
187327008.SRDLC, 30.99%, 03/29/2027 (a)(l)(q)	Lending Club		03/31/2022		13,645		13,823		2,091
187330323.SRDLC, 28.49%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		17,893		18,099		16,994
187331199.SRDLC, 24.99%, 03/18/2025 (a)(q)	Lending Club		03/22/2022		5,189		5,237		5,101
187332393.SRDLC, 22.49%, 03/16/2026 (a)(q)	Lending Club		03/18/2022		4,051		4,093		3,932
187332662.SRDLC, 26.49%, 03/16/2025 (a)(q)	Lending Club		03/18/2022		2,901		2,928		2,850
187333328.SRDLC, 15.99%, 03/18/2025 (a)(l)(q)	Lending Club		03/22/2022		6,093		6,148		5,887
187336142.SRDLC, 28.99%, 03/16/2025 (a)(l)(q)	Lending Club		03/18/2022		3,628		3,675		542
187337172.SRDLC, 30.99%, 03/16/2027 (a)(q)	Lending Club		03/18/2022		13,374		13,513		13,086
187337396.SRDLC, 20.99%, 03/17/2025 (a)(q)	Lending Club		03/21/2022		7,083		7,147		6,889
187337889.SRDLC, 28.99%, 03/17/2025 (a)(l)(q)	Lending Club		03/21/2022		4,651		4,712		4,534
187340968.SRDLC, 24.99%, 04/18/2025 (a)(q)	Lending Club		04/06/2022		3,505		3,538		3,394
187344458.SRDLC, 23.49%, 03/17/2027 (a)(q)	Lending Club		03/21/2022		21,743		21,987		21,259
187344577.SRDLC, 28.99%, 03/21/2027 (a)(l)(q)	Lending Club		03/21/2022		8,299		8,407		1,241
187345282.SRDLC, 23.99%, 03/22/2025 (a)(q)	Lending Club		03/24/2022		17,940		18,106		17,661
187346943.SRDLC, 30.99%, 03/25/2025 (a)(l)(q)	Lending Club		03/21/2022		4,647		4,689		4,550
187347460.SRDLC, 18.49%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		4,448		4,487		4,314
187348658.SRDLC, 25.49%, 03/17/2025 (a)(q)	Lending Club		03/21/2022		3,349		3,380		3,285
187349522.SRDLC, 30.99%, 04/03/2025 (a)(q)	Lending Club		04/01/2022		9,185		9,273		8,743
187354823.SRDLC, 30.99%, 03/24/2027 (a)(q)	Lending Club		03/28/2022		4,457		4,508		4,394
187355184.SRDLC, 30.99%, 03/21/2027 (a)(l)(q)	Lending Club		03/23/2022		5,726		5,800		856
187356072.SRDLC, 24.99%, 03/31/2025 (a)(l)(q)	Lending Club		03/21/2022		4,539		4,578		4,395
187356525.SRDLC, 30.49%, 03/24/2026 (a)(q)	Lending Club		03/21/2022		1,262		1,275		1,247
187361064.SRDLC, 18.49%, 03/17/2027 (a)(q)	Lending Club		03/21/2022		4,268		4,315		3,989
187362610.SRDLC, 28.99%, 03/18/2025 (a)(l)(q)	Lending Club		03/22/2022		3,946		3,997		1,067
187363680.SRDLC, 17.99%, 03/17/2025 (a)(q)	Lending Club		03/21/2022		1,223		1,234		1,185
187365303.SRDLC, 20.49%, 03/17/2025 (a)(l)(q)	Lending Club		03/21/2022		2,139		2,162		2,074
187366874.SRDLC, 30.99%, 03/05/2025 (a)(q)	Lending Club		03/21/2022		3,626		3,660		3,535
187367777.SRDLC, 30.99%, 03/30/2026 (a)(l)(q)	Lending Club		03/22/2022		10,357		10,469		10,071
187369277.SRDLC, 19.49%, 03/25/2025 (a)(q)	Lending Club		03/21/2022		1,418		1,431		1,374
187372513.SRDLC, 24.49%, 03/17/2027 (a)(q)	Lending Club		03/21/2022		21,819		22,065		21,343
187375311.SRDLC, 19.49%, 04/05/2026 (a)(q)	Lending Club		04/07/2022		9,807		9,909		9,379
187376132.SRDLC, 23.99%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		10,766		10,864		10,547
187376316.SRDLC, 30.49%, 03/22/2027 (a)(q)	Lending Club		03/24/2022		8,900		9,002		8,762
187378370.SRDLC, 17.99%, 03/21/2025 (a)(q)	Lending Club		03/21/2022		2,524		2,544		2,441
187379565.SRDLC, 30.99%, 08/16/2027 (a)(l)(q)	Lending Club		03/22/2022		15,687		15,889		9,788
187382263.SRDLC, 30.99%, 03/04/2025 (a)(l)(q)	Lending Club		03/21/2022		7,335		7,430		1,097
187382692.SRDLC, 18.99%, 03/17/2025 (a)(q)	Lending Club		03/21/2022		7,020		7,083		6,825
187382979.SRDLC, 26.49%, 03/18/2027 (a)(l)(q)	Lending Club		03/22/2022		9,098		9,217		1,543
187383199.SRDLC, 17.49%, 03/22/2025 (a)(l)(q)	Lending Club		03/21/2022		8,153		8,259		1,219
187383572.SRDLC, 24.49%, 03/17/2027 (a)(l)(q)	Lending Club		03/21/2022		6,816		6,896		6,647
187386845.SRDLC, 30.99%, 04/05/2027 (a)(l)(q)	Lending Club		03/23/2022		166		168		25
187394985.SRDLC, 30.99%, 03/18/2025 (a)(q)	Lending Club		03/22/2022		8,864		8,948		8,710
187398247.SRDLC, 28.99%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		1,468		1,487		1,438
187400455.SRDLC, 30.99%, 03/27/2025 (a)(q)	Lending Club		03/22/2022		1,121		1,131		1,102
187401784.SRDLC, 25.49%, 03/18/2025 (a)(l)(q)	Lending Club		03/22/2022		4,338		4,388		4,245
187401895.SRDLC, 20.49%, 03/22/2025 (a)(q)	Lending Club		03/22/2022		11,351		11,454		11,019

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

48

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187402002.SRDLC, 23.99%, 03/18/2025 (a)(q)	Lending Club		03/22/2022	$	3,444	$	3,476	$	3,385
187403421.SRDLC, 24.99%, 03/18/2025 (a)(l)(q)	Lending Club		03/22/2022		3,010		3,047		2,936
187404590.SRDLC, 23.99%, 03/18/2027 (a)(q)	Lending Club		03/22/2022		8,712		8,810		8,523
187407657.SRDLC, 23.49%, 03/18/2026 (a)(l)(q)	Lending Club		03/22/2022		10,328		10,463		1,746
187410207.SRDLC, 19.99%, 03/20/2025 (a)(q)	Lending Club		03/22/2022		3,532		3,564		3,426
187412866.SRDLC, 30.49%, 03/18/2027 (a)(q)	Lending Club		03/22/2022		8,807		8,908		8,647
187413846.SRDLC, 19.99%, 03/21/2025 (a)(q)	Lending Club		03/22/2022		3,528		3,560		3,423
187415660.SRDLC, 28.99%, 04/05/2025 (a)(q)	Lending Club		03/24/2022		3,080		3,110		2,965
187417087.SRDLC, 30.99%, 03/01/2025 (a)(l)(q)	Lending Club		03/23/2022		2,317		2,339		2,238
187418539.SRDLC, 23.99%, 03/01/2025 (a)(l)(q)	Lending Club		03/22/2022		7,504		7,573		7,267
187419334.SRDLC, 30.99%, 03/30/2027 (a)(l)(q)	Lending Club		04/01/2022		4,529		4,587		4,280
187419808.SRDLC, 28.99%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		2,930		2,958		2,883
187420524.SRDLC, 30.99%, 03/18/2027 (a)(l)(q)	Lending Club		03/22/2022		6,749		6,837		1,009
187423593.SRDLC, 17.99%, 03/25/2024 (a)(q)	Lending Club		03/22/2022		3,042		3,061		2,999
187425427.SRDLC, 30.99%, 03/29/2025 (a)(l)(q)	Lending Club		03/31/2022		6,338		6,415		6,054
187426440.SRDLC, 28.49%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		4,431		4,488		4,345
187427964.SRDLC, 30.99%, 03/31/2027 (a)(l)(q)	Lending Club		03/24/2022		13,718		13,887		13,174
187428232.SRDLC, 22.49%, 03/28/2025 (a)(q)	Lending Club		03/23/2022		2,508		2,531		2,427
187428738.SRDLC, 22.99%, 03/21/2025 (a)(l)(q)	Lending Club		03/23/2022		5,306		5,375		793
187429515.SRDLC, 22.49%, 03/28/2025 (a)(l)(q)	Lending Club		03/23/2022		3,096		3,136		1,253
187429965.SRDLC, 28.99%, 03/16/2024 (a)(l)(q)	Lending Club		03/23/2022		913		924		136
187430493.SRDLC, 28.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		2,680		2,706		2,568
187433972.SRDLC, 19.99%, 03/29/2025 (a)(l)(q)	Lending Club		03/31/2022		10,952		11,048		10,456
187435110.SRDLC, 17.49%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		697		703		676
187435569.SRDLC, 30.99%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		17,827		18,032		17,544
187437735.SRDLC, 28.99%, 04/05/2025 (a)(l)(q)	Lending Club		03/23/2022		8,081		8,185		3,491
187441218.SRDLC, 13.99%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		5,487		5,536		5,317
187441493.SRDLC, 30.49%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		17,800		18,005		17,515
187441544.SRDLC, 15%, 07/21/2025 (a)(q)	Lending Club		03/23/2022		6,879		6,962		5,050
187442318.SRDLC, 17.99%, 03/02/2025 (a)(l)(q)	Lending Club		03/23/2022		7,304		7,369		7,030
187442715.SRDLC, 25.49%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		17,515		17,714		17,163
187444837.SRDLC, 30.99%, 03/28/2027 (a)(q)	Lending Club		03/23/2022		7,021		7,112		1,320
187445072.SRDLC, 18.49%, 03/31/2025 (a)(l)(q)	Lending Club		03/23/2022		2,195		2,215		2,108
187446671.SRDLC, 28.99%, 03/31/2025 (a)(l)(q)	Lending Club		03/23/2022		2,820		2,857		1,229
187447300.SRDLC, 30.49%, 04/01/2027 (a)(l)(q)	Lending Club		03/23/2022		5,553		5,625		1,297
187447743.SRDLC, 30.99%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		8,913		9,016		8,772
187447912.SRDLC, 30.99%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		13,370		13,525		13,211
187448298.SRDLC, 30.99%, 03/22/2025 (a)(q)	Lending Club		03/24/2022		3,695		3,729		3,622
187449396.SRDLC, 18.99%, 03/22/2027 (a)(q)	Lending Club		03/24/2022		13,685		13,837		13,178
187450206.SRDLC, 23.99%, 03/21/2027 (a)(l)(q)	Lending Club		03/23/2022		4,065		4,115		4,012
187452751.SRDLC, 28.74%, 03/16/2025 (a)(l)(q)	Lending Club		03/30/2022		20,841		21,112		3,116
187452870.SRDLC, 21.49%, 04/05/2027 (a)(q)	Lending Club		04/07/2022		5,776		5,832		5,466
187453785.SRDLC, 25.49%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		17,866		18,068		17,455
187454106.SRDLC, 22.74%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		3,426		3,458		3,356
187454945.SRDLC, 22.99%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		5,359		5,408		5,272
187455901.SRDLC, 22.74%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		1,428		1,441		1,404
187456488.SRDLC, 30.99%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		8,913		9,016		8,772
187456902.SRDLC, 21.49%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		7,383		7,450		7,208
187457770.SRDLC, 22.99%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		2,286		2,307		2,249
187457805.SRDLC, 30.99%, 04/03/2027 (a)(l)(q)	Lending Club		03/23/2022		5,884		5,961		880
187460656.SRDLC, 22.49%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		7,131		7,196		6,923
187462931.SRDLC, 30.99%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		13,370		13,524		13,158
187465329.SRDLC, 16.99%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		12,729		12,869		11,900
187467222.SRDLC, 20.49%, 03/23/2025 (a)(q)	Lending Club		03/25/2022		5,442		5,488		5,302
187467259.SRDLC, 17.99%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		4,614		4,655		4,467

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

49

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187469218.SRDLC, 25.49%, 03/21/2027 (a)(q)	Lending Club		03/23/2022	$	12,441	$	12,581	$	12,183
187470501.SRDLC, 25.49%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		8,758		8,857		8,582
187473488.SRDLC, 24.99%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		3,603		3,637		3,546
187473519.SRDLC, 24.99%, 07/21/2025 (a)(l)(q)	Lending Club		03/23/2022		4,120		4,174		616
187474710.SRDLC, 24.49%, 03/08/2024 (a)(q)	Lending Club		03/23/2022		6,342		6,384		6,346
187474925.SRDLC, 30.99%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		10,227		10,298		10,053
187475141.SRDLC, 23.49%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		2,864		2,891		2,818
187475589.SRDLC, 24.99%, 03/24/2027 (a)(q)	Lending Club		03/23/2022		8,406		8,506		8,225
187479960.SRDLC, 30.99%, 03/22/2025 (a)(l)(q)	Lending Club		03/23/2022		7,754		7,840		7,577
187480312.SRDLC, 25.99%, 03/15/2027 (a)(q)	Lending Club		03/28/2022		5,213		5,272		5,113
187480766.SRDLC, 30.99%, 03/23/2027 (a)(q)	Lending Club		03/23/2022		8,943		9,047		8,778
187480898.SRDLC, 30.49%, 03/21/2026 (a)(q)	Lending Club		03/23/2022		16,700		16,876		16,476
187481988.SRDLC, 22.99%, 03/21/2025 (a)(l)(q)	Lending Club		03/23/2022		5,296		5,365		508
187483864.SRDLC, 22.99%, 03/21/2024 (a)(q)	Lending Club		03/23/2022		3,090		3,110		3,099
187484926.SRDLC, 19.99%, 03/22/2024 (a)(q)	Lending Club		03/24/2022		4,061		4,087		4,039
187485299.SRDLC, 30.99%, 03/22/2027 (a)(l)(q)	Lending Club		03/24/2022		14,062		14,244		2,102
187485758.SRDLC, 30.49%, 03/23/2027 (a)(q)	Lending Club		03/25/2022		10,680		10,803		10,521
187486081.SRDLC, 30.99%, 10/19/2025 (a)(l)(q)	Lending Club		04/06/2022		9,030		9,127		8,513
187486551.SRDLC, 28.49%, 03/31/2025 (a)(q)	Lending Club		03/23/2022		2,184		2,204		2,113
187487027.SRDLC, 21.99%, 03/21/2025 (a)(l)(q)	Lending Club		03/23/2022		8,838		8,915		8,554
187488781.SRDLC, 22.49%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		3,424		3,467		3,324
187489002.SRDLC, 17.49%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		3,137		3,166		3,043
187489246.SRDLC, 24.49%, 03/21/2027 (a)(q)	Lending Club		03/23/2022		5,843		5,909		5,722
187493017.SRDLC, 30.99%, 06/22/2028 (a)(q)	Lending Club		03/24/2022		9,646		9,771		2,422
187493907.SRDLC, 24.99%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		2,154		2,174		2,119
187495095.SRDLC, 18.99%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		3,931		3,967		3,827
187495162.SRDLC, 21.99%, 03/21/2026 (a)(q)	Lending Club		03/23/2022		2,426		2,451		2,357
187495905.SRDLC, 6%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		12,991		13,140		12,829
187496148.SRDLC, 20.49%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		1,166		1,177		1,135
187499615.SRDLC, 17.49%, 03/21/2025 (a)(q)	Lending Club		03/23/2022		5,578		5,628		5,409
187504263.SRDLC, 18.99%, 04/19/2027 (a)(q)	Lending Club		04/06/2022		6,314		6,385		5,966
187507529.SRDLC, 19.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		2,409		2,432		2,301
187509207.SRDLC, 30.49%, 03/21/2025 (a)(l)(q)	Lending Club		03/23/2022		5,918		5,994		5,799
187510418.SRDLC, 30.99%, 04/04/2027 (a)(l)(q)	Lending Club		03/30/2022		13,611		13,773		13,193
187511213.SRDLC, 26.49%, 03/24/2025 (a)(q)	Lending Club		03/28/2022		4,714		4,758		4,647
187512182.SRDLC, 25.49%, 03/28/2027 (a)(q)	Lending Club		03/24/2022		8,450		8,546		8,246
187512697.SRDLC, 22.99%, 03/05/2025 (a)(l)(q)	Lending Club		03/24/2022		3,741		3,775		3,628
187514131.SRDLC, 30.99%, 03/30/2027 (a)(l)(q)	Lending Club		04/01/2022		18,749		18,993		456
187515864.SRDLC, 13.99%, 03/22/2025 (a)(q)	Lending Club		03/24/2022		5,144		5,190		4,986
187515959.SRDLC, 22.99%, 03/22/2025 (a)(l)(q)	Lending Club		03/24/2022		1,478		1,491		1,444
187515980.SRDLC, 24.99%, 03/24/2027 (a)(q)	Lending Club		03/28/2022		8,743		8,842		8,574
187516507.SRDLC, 6.99%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		15,171		15,171		14,830
187518035.SRDLC, 20.49%, 03/29/2025 (a)(q)	Lending Club		03/24/2022		5,036		5,080		4,854
187518043.SRDLC, 29.74%, 03/22/2025 (a)(q)	Lending Club		03/24/2022		3,528		3,561		3,474
187518225.SRDLC, 20.49%, 03/23/2027 (a)(q)	Lending Club		03/25/2022		5,161		5,219		4,975
187518895.SRDLC, 22.49%, 03/23/2027 (a)(q)	Lending Club		03/25/2022		7,279		7,361		7,023
187519245.SRDLC, 30.49%, 03/02/2027 (a)(l)(q)	Lending Club		03/25/2022		10,981		11,124		10,604
187520954.SRDLC, 22.49%, 04/06/2027 (a)(l)(q)	Lending Club		03/24/2022		9,512		9,636		1,422
187523529.SRDLC, 30.49%, 04/15/2027 (a)(q)	Lending Club		04/07/2022		9,946		10,075		9,439
187524265.SRDLC, 24.99%, 03/22/2027 (a)(l)(q)	Lending Club		03/24/2022		5,415		5,484		5,273
187526342.SRDLC, 19.49%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		5,246		5,294		5,019
187526379.SRDLC, 5.99%, 04/15/2025 (a)(q)	Lending Club		04/13/2022		27,483		27,483		26,849
187528155.SRDLC, 23.99%, 05/08/2025 (a)(q)	Lending Club		04/29/2022		8,679		8,679		8,239
187529725.SRDLC, 28.99%, 03/22/2025 (a)(l)(q)	Lending Club		03/24/2022		15,121		15,262		14,833
187530390.SRDLC, 28.99%, 03/22/2025 (a)(q)	Lending Club		03/24/2022		2,198		2,219		2,164

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

50

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187531536.SRDLC, 25.99%, 04/05/2025 (a)(q)	Lending Club		03/24/2022	$	12,113	$	12,230	$	11,726
187531570.SRDLC, 25.49%, 03/22/2025 (a)(q)	Lending Club		03/24/2022		5,640		5,693		5,528
187532223.SRDLC, 22.49%, 03/22/2027 (a)(q)	Lending Club		03/24/2022		5,898		5,962		5,686
187534180.SRDLC, 5.59%, 04/03/2025 (a)(l)(q)	Lending Club		04/14/2022		74		74		11
187540531.SRDLC, 22.99%, 03/23/2025 (a)(q)	Lending Club		03/24/2022		7,150		7,216		7,009
187542274.SRDLC, 30.49%, 03/22/2027 (a)(l)(q)	Lending Club		03/24/2022		7,717		7,817		1,402
187542436.SRDLC, 30.49%, 03/24/2027 (a)(q)	Lending Club		03/28/2022		8,902		9,005		8,751
187543108.SRDLC, 23.99%, 03/23/2027 (a)(q)	Lending Club		03/25/2022		13,069		13,216		12,807
187547112.SRDLC, 23.49%, 04/01/2027 (a)(l)(q)	Lending Club		03/25/2022		4,427		4,480		4,285
187547337.SRDLC, 19.49%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		3,643		3,677		3,479
187547351.SRDLC, 27.99%, 03/23/2025 (a)(l)(q)	Lending Club		03/25/2022		4,083		4,136		769
187547558.SRDLC, 30.99%, 03/25/2027 (a)(l)(q)	Lending Club		03/29/2022		4,506		4,554		4,422
187547562.SRDLC, 30.99%, 03/24/2025 (a)(q)	Lending Club		03/28/2022		5,910		5,966		5,826
187547644.SRDLC, 27.79%, 04/17/2025 (a)(q)	Lending Club		04/11/2022		19,024		19,024		18,440
187547926.SRDLC, 19.49%, 03/25/2025 (a)(q)	Lending Club		03/29/2022		3,518		3,550		3,429
187548600.SRDLC, 30.49%, 04/09/2027 (a)(q)	Lending Club		03/28/2022		5,104		5,169		4,926
187548602.SRDLC, 22.49%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		8,667		8,765		8,292
187548640.SRDLC, 19.49%, 03/24/2027 (a)(q)	Lending Club		03/28/2022		7,541		7,625		7,264
187548817.SRDLC, 19.99%, 03/25/2025 (a)(q)	Lending Club		03/29/2022		1,763		1,779		1,719
187551152.SRDLC, 30.99%, 03/22/2027 (a)(q)	Lending Club		03/24/2022		6,228		6,303		6,133
187552176.SRDLC, 28.49%, 04/01/2027 (a)(q)	Lending Club		03/28/2022		7,666		7,758		7,383
187552397.SRDLC, 24.99%, 03/23/2025 (a)(q)	Lending Club		03/25/2022		5,405		5,452		5,324
187552655.SRDLC, 15.99%, 03/30/2025 (a)(q)	Lending Club		04/01/2022		16,910		17,065		16,191
187552772.SRDLC, 22.74%, 03/31/2025 (a)(l)(q)	Lending Club		03/28/2022		4,462		4,503		4,309
187559830.SRDLC, 23.99%, 03/30/2025 (a)(l)(q)	Lending Club		03/25/2022		7,461		7,530		7,221
187560748.SRDLC, 21.99%, 07/30/2025 (a)(l)(q)	Lending Club		03/25/2022		5,518		5,590		402
187561457.SRDLC, 30.99%, 03/23/2025 (a)(q)	Lending Club		03/25/2022		886		895		873
187562521.SRDLC, 30.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		11,085		11,187		10,695
187563557.SRDLC, 17.99%, 03/15/2025 (a)(q)	Lending Club		03/29/2022		3,119		3,147		3,028
187566077.SRDLC, 29.49%, 04/02/2026 (a)(q)	Lending Club		04/08/2022		8,425		8,516		8,094
187566191.SRDLC, 30.99%, 04/06/2027 (a)(q)	Lending Club		04/08/2022		4,505		4,557		4,288
187568029.SRDLC, 30.99%, 03/25/2027 (a)(l)(q)	Lending Club		03/25/2022		13,543		13,699		13,323
187569851.SRDLC, 23.49%, 03/14/2027 (a)(q)	Lending Club		04/01/2022		12,970		13,138		12,497
187571871.SRDLC, 7.49%, 04/22/2027 (a)(q)	Lending Club		04/20/2022		1,908		1,908		1,843
187572979.SRDLC, 18.24%, 03/20/2025 (a)(q)	Lending Club		03/30/2022		3,246		3,275		3,150
187573397.SRDLC, 30.49%, 03/31/2025 (a)(l)(q)	Lending Club		03/25/2022		4,383		4,440		655
187573654.SRDLC, 9.59%, 04/16/2025 (a)(q)	Lending Club		04/14/2022		17,486		17,486		17,040
187575336.SRDLC, 23.49%, 03/23/2027 (a)(l)(q)	Lending Club		03/25/2022		8,500		8,611		1,271
187576025.SRDLC, 30.99%, 03/30/2027 (a)(l)(q)	Lending Club		04/01/2022		10,812		10,943		10,248
187581030.SRDLC, 30.99%, 03/26/2027 (a)(l)(q)	Lending Club		03/25/2022		9,315		9,436		—
187583183.SRDLC, 30.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		3,200		3,232		3,059
187583199.SRDLC, 30.49%, 03/29/2027 (a)(l)(q)	Lending Club		03/31/2022		8,998		9,095		8,521
187583216.SRDLC, 25.99%, 04/17/2027 (a)(l)(q)	Lending Club		04/14/2022		13,000		13,000		12,436
187585796.SRDLC, 28.99%, 03/23/2024 (a)(q)	Lending Club		03/25/2022		1,271		1,279		1,275
187587017.SRDLC, 26.49%, 03/29/2025 (a)(q)	Lending Club		03/31/2022		8,977		9,058		8,631
187587643.SRDLC, 27.99%, 03/23/2025 (a)(q)	Lending Club		03/25/2022		8,757		8,839		8,625
187588124.SRDLC, 30.99%, 03/29/2027 (a)(l)(q)	Lending Club		03/25/2022		4,539		4,592		4,372
187588355.SRDLC, 30.99%, 03/23/2027 (a)(q)	Lending Club		03/25/2022		9,805		9,918		9,661
187592785.SRDLC, 30.99%, 03/24/2027 (a)(q)	Lending Club		03/28/2022		8,913		9,016		8,788
187593124.SRDLC, 17.99%, 03/23/2025 (a)(q)	Lending Club		03/25/2022		3,145		3,173		3,051
187593444.SRDLC, 23.99%, 04/13/2027 (a)(l)(q)	Lending Club		04/15/2022		19,037		19,037		2,846
187593665.SRDLC, 21.49%, 03/24/2026 (a)(q)	Lending Club		03/28/2022		5,647		5,706		5,492
187593758.SRDLC, 15.99%, 03/23/2025 (a)(q)	Lending Club		03/25/2022		2,770		2,794		2,686
187594268.SRDLC, 22.49%, 03/23/2025 (a)(q)	Lending Club		03/25/2022		766		773		747
187595243.SRDLC, 23.49%, 03/28/2025 (a)(q)	Lending Club		03/25/2022		5,382		5,432		5,259

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

51

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187595700.SRDLC, 21.49%, 03/23/2025 (a)(q)	Lending Club		03/25/2022	$	3,549	$	3,582	$	3,459
187596231.SRDLC, 24.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		7,135		7,198		7,045
187597607.SRDLC, 30.99%, 03/31/2027 (a)(l)(q)	Lending Club		04/04/2022		21,298		21,564		20,218
187601450.SRDLC, 27.99%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		9,043		9,129		8,668
187606448.SRDLC, 30.99%, 03/24/2027 (a)(l)(q)	Lending Club		03/28/2022		13,908		14,089		3,515
187608167.SRDLC, 27.99%, 03/24/2025 (a)(l)(q)	Lending Club		03/28/2022		3,622		3,669		541
187609056.SRDLC, 30.99%, 03/24/2027 (a)(q)	Lending Club		03/28/2022		8,950		9,067		8,801
187609294.SRDLC, 16.49%, 03/24/2025 (a)(q)	Lending Club		03/28/2022		2,082		2,101		2,020
187611557.SRDLC, 26.99%, 03/24/2025 (a)(q)	Lending Club		03/28/2022		2,180		2,201		2,148
187616322.SRDLC, 9.99%, 04/07/2027 (a)(q)	Lending Club		04/06/2022		13,418		13,418		12,979
187618422.SRDLC, 30.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		4,505		4,557		4,283
187620736.SRDLC, 30.99%, 03/24/2027 (a)(q)	Lending Club		03/28/2022		8,913		9,016		8,788
187621853.SRDLC, 30.99%, 03/31/2025 (a)(l)(q)	Lending Club		03/28/2022		8,172		8,278		3,511
187621898.SRDLC, 23.99%, 04/28/2027 (a)(q)	Lending Club		04/15/2022		23,031		23,031		22,230
187623477.SRDLC, 30.49%, 03/24/2025 (a)(q)	Lending Club		03/28/2022		1,990		2,009		1,962
187624729.SRDLC, 30.99%, 03/05/2025 (a)(l)(q)	Lending Club		03/28/2022		3,241		3,272		3,137
187625273.SRDLC, 27.49%, 03/24/2027 (a)(q)	Lending Club		03/28/2022		5,290		5,350		5,209
187626309.SRDLC, 17.99%, 03/25/2025 (a)(l)(q)	Lending Club		03/29/2022		3,367		3,411		327
187626903.SRDLC, 23.99%, 04/03/2027 (a)(q)	Lending Club		03/29/2022		14,935		15,105		14,434
187628074.SRDLC, 11.99%, 03/24/2024 (a)(q)	Lending Club		03/28/2022		4,876		4,906		4,821
187628308.SRDLC, 30.99%, 03/24/2027 (a)(q)	Lending Club		03/28/2022		8,928		9,040		8,778
187629164.SRDLC, 30.49%, 03/25/2027 (a)(q)	Lending Club		03/29/2022		8,900		9,002		8,778
187629900.SRDLC, 27.99%, 03/24/2025 (a)(q)	Lending Club		03/28/2022		7,298		7,366		7,191
187632542.SRDLC, 23.74%, 03/27/2025 (a)(q)	Lending Club		03/29/2022		718		725		705
187636106.SRDLC, 30.99%, 03/29/2026 (a)(l)(q)	Lending Club		03/31/2022		7,471		7,568		1,117
187637005.SRDLC, 16.99%, 03/28/2025 (a)(l)(q)	Lending Club		03/30/2022		4,402		4,459		1,732
187638238.SRDLC, 30.99%, 03/15/2025 (a)(q)	Lending Club		03/29/2022		3,622		3,656		3,574
187641240.SRDLC, 26.24%, 03/24/2025 (a)(q)	Lending Club		03/28/2022		2,173		2,194		2,142
187641863.SRDLC, 25.49%, 03/29/2025 (a)(l)(q)	Lending Club		03/31/2022		6,600		6,685		2,581
187642052.SRDLC, 30.99%, 03/31/2027 (a)(l)(q)	Lending Club		03/30/2022		4,519		4,569		4,369
187643474.SRDLC, 21.99%, 03/24/2027 (a)(q)	Lending Club		03/28/2022		6,055		6,123		5,842
187643783.SRDLC, 15.19%, 04/15/2025 (a)(l)(q)	Lending Club		04/19/2022		3,454		3,454		516
187646172.SRDLC, 28.49%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		3,656		3,691		3,618
187646351.SRDLC, 30.99%, 03/29/2026 (a)(l)(q)	Lending Club		03/31/2022		1,021		1,031		977
187646651.SRDLC, 28.49%, 03/25/2025 (a)(q)	Lending Club		03/29/2022		1,010		1,020		990
187648874.SRDLC, 30.99%, 03/25/2027 (a)(q)	Lending Club		03/29/2022		4,457		4,508		4,396
187649484.SRDLC, 23.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		1,722		1,736		1,702
187653936.SRDLC, 30.99%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		4,521		4,564		4,335
187657079.SRDLC, 30.49%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		4,450		4,501		4,396
187660527.SRDLC, 30.99%, 04/10/2027 (a)(l)(q)	Lending Club		04/06/2022		9,093		9,206		8,623
187664282.SRDLC, 17.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		2,516		2,538		2,442
187665599.SRDLC, 30.99%, 09/25/2027 (a)(l)(q)	Lending Club		03/29/2022		6,096		6,175		911
187666286.SRDLC, 7.49%, 04/12/2025 (a)(q)	Lending Club		04/14/2022		4,147		4,147		4,054
187666337.SRDLC, 30.99%, 03/25/2025 (a)(q)	Lending Club		03/29/2022		739		746		729
187670344.SRDLC, 30.99%, 03/25/2025 (a)(l)(q)	Lending Club		03/29/2022		1,939		1,964		1,899
187671142.SRDLC, 20.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		8,736		8,834		8,271
187672826.SRDLC, 30.99%, 03/30/2027 (a)(l)(q)	Lending Club		04/01/2022		12,974		13,131		12,298
187675115.SRDLC, 30.99%, 03/31/2027 (a)(l)(q)	Lending Club		03/30/2022		4,702		4,757		4,542
187677488.SRDLC, 28.99%, 03/25/2025 (a)(l)(q)	Lending Club		03/29/2022		6,804		6,893		1,017
187678597.SRDLC, 28.49%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		3,775		3,811		3,606
187680243.SRDLC, 19.49%, 03/25/2025 (a)(q)	Lending Club		03/29/2022		10,554		10,649		10,288
187680335.SRDLC, 30.99%, 03/28/2027 (a)(l)(q)	Lending Club		03/30/2022		14,433		14,621		2,158
187681770.SRDLC, 22.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		1,071		1,081		1,058
187682075.SRDLC, 17.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		5,198		5,246		4,980
187682628.SRDLC, 20.49%, 04/06/2025 (a)(l)(q)	Lending Club		04/08/2022		3,826		3,875		572

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

52

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187683385.SRDLC, 19.49%, 03/28/2027 (a)(q)	Lending Club		03/30/2022	$	10,284	$	10,398	$	9,912
187683447.SRDLC, 20.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		3,666		3,700		3,501
187683918.SRDLC, 23.49%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		8,801		8,906		8,430
187683952.SRDLC, 30.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,803		3,839		3,645
187684046.SRDLC, 25.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		4,440		4,490		4,258
187684901.SRDLC, 17.49%, 04/19/2025 (a)(q)	Lending Club		04/06/2022		6,178		6,235		5,910
187687190.SRDLC, 30.99%, 03/31/2025 (a)(l)(q)	Lending Club		03/30/2022		10,797		10,937		1,614
187688454.SRDLC, 13.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		3,430		3,460		3,327
187689067.SRDLC, 10.89%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		5,329		5,329		5,175
187689256.SRDLC, 23.49%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		4,349		4,398		4,267
187691527.SRDLC, 16.99%, 03/28/2027 (a)(l)(q)	Lending Club		03/30/2022		7,501		7,598		1,121
187692276.SRDLC, 5%, 03/28/2028 (a)(l)(q)	Lending Club		03/30/2022		11,452		11,586		7,191
187693942.SRDLC, 16.49%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		2,429		2,451		2,357
187694094.SRDLC, 28.49%, 08/12/2025 (a)(l)(q)	Lending Club		03/30/2022		8,609		8,721		2,239
187695089.SRDLC, 30.99%, 03/30/2026 (a)(l)(q)	Lending Club		04/01/2022		2,902		2,939		434
187697798.SRDLC, 21.49%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		16,406		16,589		15,827
187698352.SRDLC, 28.99%, 03/29/2025 (a)(q)	Lending Club		03/31/2022		1,361		1,373		1,300
187698457.SRDLC, 28.99%, 04/14/2025 (a)(l)(q)	Lending Club		04/06/2022		4,370		4,426		653
187698781.SRDLC, 15.49%, 03/02/2025 (a)(l)(q)	Lending Club		03/30/2022		7,183		7,247		6,913
187699788.SRDLC, 23.99%, 03/28/2027 (a)(l)(q)	Lending Club		03/30/2022		21,787		22,068		21,091
187700256.SRDLC, 20.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,512		3,544		3,359
187701388.SRDLC, 28.49%, 03/11/2027 (a)(l)(q)	Lending Club		03/30/2022		7,257		7,345		7,040
187701762.SRDLC, 30.99%, 03/28/2027 (a)(l)(q)	Lending Club		03/30/2022		14,091		14,274		2,107
187702574.SRDLC, 24.99%, 03/31/2025 (a)(l)(q)	Lending Club		03/30/2022		5,033		5,098		304
187705680.SRDLC, 28.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		3,297		3,329		3,263
187708100.SRDLC, 30.99%, 04/06/2027 (a)(l)(q)	Lending Club		03/31/2022		9,611		9,736		1,437
187708178.SRDLC, 30.49%, 04/03/2025 (a)(q)	Lending Club		03/30/2022		2,758		2,784		2,661
187708340.SRDLC, 30.99%, 04/15/2027 (a)(l)(q)	Lending Club		04/13/2022		9,154		9,260		8,694
187708889.SRDLC, 20.49%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		21,803		22,047		20,638
187708953.SRDLC, 15%, 08/04/2024 (a)(q)	Lending Club		04/06/2022		3,410		3,448		2,612
187709072.SRDLC, 30.99%, 10/15/2027 (a)(q)	Lending Club		04/06/2022		9,540		9,657		8,978
187711247.SRDLC, 28.99%, 03/28/2025 (a)(l)(q)	Lending Club		03/30/2022		1,664		1,685		316
187711920.SRDLC, 28.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		2,198		2,219		2,175
187711960.SRDLC, 21.49%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		6,908		6,985		6,664
187712696.SRDLC, 15%, 07/28/2025 (a)(q)	Lending Club		03/30/2022		3,943		3,981		2,829
187715822.SRDLC, 30.99%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		13,370		13,525		13,211
187716768.SRDLC, 28.49%, 03/29/2025 (a)(l)(q)	Lending Club		03/31/2022		981		990		937
187717300.SRDLC, 30.99%, 03/28/2025 (a)(l)(q)	Lending Club		03/30/2022		2,510		2,543		684
187717342.SRDLC, 15.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		3,462		3,493		3,359
187719585.SRDLC, 28.99%, 08/04/2025 (a)(l)(q)	Lending Club		04/06/2022		9,624		9,749		2,286
187720227.SRDLC, 30.99%, 03/28/2026 (a)(q)	Lending Club		03/30/2022		2,007		2,029		1,995
187720584.SRDLC, 19.99%, 07/28/2025 (a)(q)	Lending Club		03/30/2022		4,006		4,045		3,826
187721287.SRDLC, 14.04%, 03/09/2026 (a)(l)(q)	Lending Club		03/30/2022		2,610		2,636		2,455
187721323.SRDLC, 21.74%, 03/15/2027 (a)(l)(q)	Lending Club		03/30/2022		4,274		4,326		4,115
187724339.SRDLC, 30.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,429		3,462		3,287
187725925.SRDLC, 25.24%, 04/05/2026 (a)(l)(q)	Lending Club		03/30/2022		5,102		5,169		763
187726419.SRDLC, 5%, 02/28/2028 (a)(l)(q)	Lending Club		03/30/2022		6,866		6,950		4,287
187726884.SRDLC, 23.49%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		5,218		5,277		5,120
187727353.SRDLC, 30.99%, 03/28/2027 (a)(l)(q)	Lending Club		03/30/2022		4,964		5,029		742
187727701.SRDLC, 28.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		2,198		2,219		2,175
187727906.SRDLC, 29.74%, 03/28/2025 (a)(l)(q)	Lending Club		03/30/2022		3,793		3,829		3,753
187728775.SRDLC, 20.99%, 03/05/2025 (a)(l)(q)	Lending Club		03/30/2022		2,358		2,389		—
187729933.SRDLC, 30.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		4,505		4,557		4,283
187730016.SRDLC, 26.49%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		1,305		1,318		1,291
187730103.SRDLC, 30.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		5,171		5,220		5,119

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

53

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187731187.SRDLC, 30.99%, 01/30/2028 (a)(l)(q)	Lending Club		04/06/2022	$	14,368	$	14,555	$	2,148
187732651.SRDLC, 17.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		8,386		8,462		8,141
187733555.SRDLC, 30.99%, 03/29/2027 (a)(l)(q)	Lending Club		03/31/2022		14,198		14,383		3,091
187734013.SRDLC, 24.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		802		809		790
187734606.SRDLC, 30.99%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		4,457		4,508		4,404
187734741.SRDLC, 22.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		3,264		3,293		3,217
187737195.SRDLC, 28.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		1,463		1,477		1,448
187737593.SRDLC, 28.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		3,664		3,698		3,625
187737991.SRDLC, 25.49%, 03/28/2025 (a)(l)(q)	Lending Club		03/30/2022		8,159		8,265		1,527
187738310.SRDLC, 30.99%, 03/10/2027 (a)(l)(q)	Lending Club		03/31/2022		7,299		7,383		6,940
187738763.SRDLC, 15.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		6,232		6,288		6,047
187738813.SRDLC, 18.99%, 03/31/2027 (a)(q)	Lending Club		03/30/2022		13,907		14,047		13,288
187739186.SRDLC, 28.99%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		10,630		10,750		10,498
187740004.SRDLC, 17.99%, 03/15/2025 (a)(q)	Lending Club		03/30/2022		4,473		4,513		4,346
187740151.SRDLC, 22.74%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		2,284		2,305		2,256
187740881.SRDLC, 22.49%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		4,278		4,317		4,177
187741210.SRDLC, 30.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		11,080		11,186		10,968
187741519.SRDLC, 30.99%, 03/15/2025 (a)(q)	Lending Club		03/30/2022		2,340		2,362		2,287
187742712.SRDLC, 30.99%, 04/17/2027 (a)(q)	Lending Club		04/06/2022		6,819		6,903		6,496
187743339.SRDLC, 14.49%, 03/18/2025 (a)(q)	Lending Club		03/30/2022		3,874		3,908		3,755
187744064.SRDLC, 18.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		11,232		11,334		10,961
187744547.SRDLC, 28.49%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		1,097		1,107		1,085
187744622.SRDLC, 20.49%, 03/15/2025 (a)(q)	Lending Club		03/30/2022		8,025		8,098		7,828
187745440.SRDLC, 28.99%, 03/28/2025 (a)(l)(q)	Lending Club		03/30/2022		3,897		3,947		1,722
187746188.SRDLC, 19.49%, 04/01/2025 (a)(l)(q)	Lending Club		03/31/2022		6,132		6,185		5,834
187746746.SRDLC, 28.49%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		3,656		3,691		3,618
187746983.SRDLC, 23.99%, 03/31/2025 (a)(q)	Lending Club		03/30/2022		2,977		3,003		2,882
187747845.SRDLC, 17.49%, 03/16/2025 (a)(q)	Lending Club		03/30/2022		8,974		9,055		8,717
187749050.SRDLC, 15%, 09/28/2027 (a)(l)(q)	Lending Club		03/30/2022		5,625		5,695		3,544
187749843.SRDLC, 25.99%, 07/31/2025 (a)(l)(q)	Lending Club		03/30/2022		11,637		11,777		1,872
187751211.SRDLC, 30.99%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		1,280		1,295		1,265
187751530.SRDLC, 18.49%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		4,330		4,378		3,978
187752645.SRDLC, 26.99%, 03/28/2024 (a)(q)	Lending Club		03/30/2022		2,623		2,641		2,648
187753460.SRDLC, 30.99%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		4,457		4,508		4,404
187754067.SRDLC, 17.49%, 03/28/2026 (a)(q)	Lending Club		03/30/2022		3,968		4,009		3,752
187754377.SRDLC, 28.49%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		7,302		7,371		7,215
187755696.SRDLC, 30.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		11,429		11,542		10,924
187755875.SRDLC, 17.49%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		1,743		1,759		1,692
187756826.SRDLC, 17.99%, 04/10/2025 (a)(q)	Lending Club		03/30/2022		4,424		4,464		4,257
187758892.SRDLC, 20.49%, 03/29/2025 (a)(l)(q)	Lending Club		03/31/2022		7,316		7,380		6,985
187760320.SRDLC, 27.49%, 03/01/2027 (a)(l)(q)	Lending Club		03/30/2022		10,732		10,855		10,372
187762428.SRDLC, 30.49%, 04/20/2027 (a)(q)	Lending Club		04/07/2022		6,545		6,626		6,212
187762709.SRDLC, 17.99%, 04/05/2025 (a)(l)(q)	Lending Club		04/07/2022		3,373		3,417		432
187763202.SRDLC, 22.99%, 03/28/2025 (a)(q)	Lending Club		03/30/2022		5,002		5,048		4,941
187764063.SRDLC, 30.99%, 04/04/2025 (a)(l)(q)	Lending Club		04/06/2022		16,991		17,212		4,012
187764071.SRDLC, 19.49%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		3,497		3,530		3,339
187764329.SRDLC, 30.99%, 04/13/2027 (a)(l)(q)	Lending Club		03/30/2022		14,532		14,721		2,173
187764407.SRDLC, 19.49%, 03/28/2027 (a)(l)(q)	Lending Club		03/30/2022		8,017		8,121		2,541
187764471.SRDLC, 22.49%, 05/13/2025 (a)(q)	Lending Club		04/14/2022		18,446		18,620		17,646
187764798.SRDLC, 22.99%, 03/29/2025 (a)(l)(q)	Lending Club		03/31/2022		5,912		5,964		5,681
187765017.SRDLC, 22.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		2,759		2,794		—
187765049.SRDLC, 27.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		11,755		11,869		11,230
187765326.SRDLC, 30.99%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		5,348		5,410		5,285
187765977.SRDLC, 19.49%, 04/15/2027 (a)(q)	Lending Club		04/01/2022		8,788		8,886		8,295
187766134.SRDLC, 24.99%, 03/28/2027 (a)(q)	Lending Club		03/30/2022		11,367		11,495		11,004

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

54

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187767443.SRDLC, 30.99%, 03/29/2027 (a)(l)(q)	Lending Club		03/31/2022	$	7,430	$	7,526	$	2,520
187768851.SRDLC, 22.99%, 03/05/2025 (a)(l)(q)	Lending Club		04/01/2022		7,427		7,498		7,155
187768946.SRDLC, 12.54%, 04/15/2025 (a)(l)(q)	Lending Club		04/06/2022		7,827		7,922		7,479
187770730.SRDLC, 19.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		3,285		3,316		3,138
187770978.SRDLC, 30.49%, 03/30/2025 (a)(q)	Lending Club		04/01/2022		4,564		4,606		4,342
187771530.SRDLC, 15.99%, 09/18/2025 (a)(q)	Lending Club		04/08/2022		15,886		16,085		15,172
187771765.SRDLC, 30.99%, 03/20/2025 (a)(q)	Lending Club		04/01/2022		1,090		1,101		1,063
187772030.SRDLC, 30.49%, 04/21/2027 (a)(l)(q)	Lending Club		04/01/2022		9,436		9,559		2,205
187772301.SRDLC, 30.99%, 03/30/2027 (a)(q)	Lending Club		04/01/2022		7,380		7,450		6,998
187773011.SRDLC, 13.19%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		21,219		21,219		20,540
187773425.SRDLC, 30.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		4,973		5,038		1,167
187773626.SRDLC, 14.24%, 03/10/2025 (a)(l)(q)	Lending Club		04/01/2022		2,130		2,149		2,045
187774067.SRDLC, 30.99%, 04/13/2025 (a)(l)(q)	Lending Club		04/07/2022		5,565		5,637		5,303
187775635.SRDLC, 22.49%, 03/30/2027 (a)(l)(q)	Lending Club		04/01/2022		4,390		4,441		4,154
187776367.SRDLC, 22.74%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		3,691		3,726		3,548
187777756.SRDLC, 30.99%, 03/30/2027 (a)(l)(q)	Lending Club		04/01/2022		5,302		5,370		5,030
187778653.SRDLC, 30.99%, 03/30/2025 (a)(q)	Lending Club		04/01/2022		4,933		4,980		4,711
187779942.SRDLC, 30.99%, 03/30/2025 (a)(q)	Lending Club		04/01/2022		2,605		2,639		2,472
187780414.SRDLC, 18.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		4,363		4,403		4,165
187780746.SRDLC, 21.49%, 03/30/2027 (a)(q)	Lending Club		04/01/2022		6,826		6,902		6,456
187781026.SRDLC, 17.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		3,620		3,654		3,466
187781426.SRDLC, 20.49%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		9,511		9,600		9,084
187781877.SRDLC, 15.99%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		1,436		1,449		1,376
187782545.SRDLC, 16.99%, 03/30/2027 (a)(l)(q)	Lending Club		04/01/2022		12,918		13,065		11,845
187783446.SRDLC, 18.49%, 03/30/2025 (a)(q)	Lending Club		04/01/2022		4,345		4,386		4,160
187784224.SRDLC, 22.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		2,956		2,984		2,842
187784638.SRDLC, 22.99%, 03/02/2025 (a)(l)(q)	Lending Club		04/01/2022		3,851		3,901		576
187784777.SRDLC, 28.49%, 04/04/2025 (a)(q)	Lending Club		04/01/2022		4,554		4,598		4,334
187786026.SRDLC, 30.99%, 03/30/2027 (a)(l)(q)	Lending Club		04/01/2022		5,406		5,471		5,124
187789570.SRDLC, 22.49%, 08/30/2025 (a)(q)	Lending Club		04/01/2022		2,460		2,492		2,325
187789803.SRDLC, 30.24%, 03/30/2027 (a)(l)(q)	Lending Club		04/01/2022		11,900		12,055		1,779
187790097.SRDLC, 24.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		1,324		1,337		1,271
187790872.SRDLC, 30.99%, 03/02/2027 (a)(l)(q)	Lending Club		04/01/2022		5,415		5,481		5,139
187791123.SRDLC, 30.99%, 03/13/2027 (a)(l)(q)	Lending Club		04/01/2022		8,386		8,487		7,956
187792825.SRDLC, 19.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		4,956		5,021		462
187793076.SRDLC, 28.99%, 04/03/2025 (a)(q)	Lending Club		04/01/2022		2,736		2,762		2,603
187793104.SRDLC, 28.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		9,114		9,233		1,363
187794659.SRDLC, 15.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		2,513		2,536		2,407
187795721.SRDLC, 7.49%, 04/13/2025 (a)(q)	Lending Club		04/15/2022		7,603		7,603		7,432
187796391.SRDLC, 27.99%, 04/15/2025 (a)(q)	Lending Club		04/01/2022		763		771		727
187799361.SRDLC, 16.99%, 03/31/2027 (a)(l)(q)	Lending Club		04/01/2022		11,202		11,325		10,281
187800170.SRDLC, 30.99%, 03/05/2025 (a)(l)(q)	Lending Club		04/01/2022		2,147		2,168		2,059
187801163.SRDLC, 21.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		7,361		7,429		7,044
187802573.SRDLC, 30.99%, 04/04/2025 (a)(l)(q)	Lending Club		04/06/2022		4,708		4,769		1,981
187803166.SRDLC, 19.49%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		1,820		1,837		1,738
187804147.SRDLC, 22.99%, 03/30/2025 (a)(l)(q)	Lending Club		04/01/2022		2,217		2,238		2,131
187804192.SRDLC, 6.99%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		5,862		5,862		5,730
187810172.SRDLC, 30.99%, 04/04/2027 (a)(l)(q)	Lending Club		04/06/2022		13,930		14,111		3,092
187812001.SRDLC, 30.49%, 01/04/2028 (a)(l)(q)	Lending Club		04/06/2022		4,860		4,916		4,530
187812184.SRDLC, 28.99%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		1,513		1,527		1,451
187813470.SRDLC, 30.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		2,438		2,462		2,337
187814662.SRDLC, 30.99%, 04/05/2027 (a)(q)	Lending Club		04/07/2022		4,505		4,557		4,286
187814754.SRDLC, 30.99%, 04/18/2027 (a)(q)	Lending Club		04/07/2022		13,736		13,892		13,003
187815910.SRDLC, 26.99%, 04/18/2025 (a)(q)	Lending Club		04/06/2022		11,464		11,573		10,954
187816052.SRDLC, 28.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		4,530		4,573		4,340

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

55

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187817752.SRDLC, 22.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022	$	2,956	$	2,984	$	2,848
187818458.SRDLC, 19.49%, 04/04/2025 (a)(l)(q)	Lending Club		04/06/2022		1,777		1,800		266
187820470.SRDLC, 20.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		1,466		1,480		1,403
187821270.SRDLC, 30.49%, 04/15/2025 (a)(q)	Lending Club		04/06/2022		3,082		3,110		2,960
187821300.SRDLC, 30.49%, 04/07/2025 (a)(q)	Lending Club		04/06/2022		2,291		2,313		2,190
187822317.SRDLC, 30.99%, 04/04/2027 (a)(l)(q)	Lending Club		04/06/2022		5,726		5,800		856
187822913.SRDLC, 15.99%, 04/04/2024 (a)(q)	Lending Club		04/06/2022		810		815		791
187823371.SRDLC, 30.99%, 04/13/2027 (a)(q)	Lending Club		04/06/2022		13,729		13,897		12,986
187823915.SRDLC, 19.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,651		3,684		3,492
187824476.SRDLC, 21.99%, 04/05/2025 (a)(q)	Lending Club		04/06/2022		9,579		9,667		9,137
187825124.SRDLC, 30.99%, 04/04/2027 (a)(l)(q)	Lending Club		04/06/2022		11,736		11,889		1,755
187830962.SRDLC, 12.54%, 04/10/2025 (a)(q)	Lending Club		04/06/2022		4,966		5,011		4,750
187832105.SRDLC, 30.99%, 05/28/2027 (a)(q)	Lending Club		04/06/2022		13,265		13,418		12,872
187832338.SRDLC, 22.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		11,086		11,189		10,678
187833165.SRDLC, 30.99%, 04/15/2027 (a)(q)	Lending Club		04/06/2022		5,481		5,549		5,184
187835742.SRDLC, 15.49%, 04/07/2025 (a)(q)	Lending Club		04/06/2022		7,221		7,286		6,905
187836068.SRDLC, 30.99%, 04/19/2027 (a)(q)	Lending Club		04/06/2022		7,678		7,772		7,323
187838477.SRDLC, 30.99%, 04/15/2025 (a)(l)(q)	Lending Club		04/06/2022		12,182		12,340		1,821
187839088.SRDLC, 30.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		13,782		13,961		13,035
187840012.SRDLC, 19.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		2,623		2,647		2,509
187842093.SRDLC, 22.49%, 04/04/2027 (a)(l)(q)	Lending Club		04/06/2022		9,606		9,731		1,436
187843197.SRDLC, 11.99%, 04/19/2027 (a)(q)	Lending Club		04/06/2022		15,320		15,320		14,834
187843892.SRDLC, 24.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		2,980		3,008		2,871
187844022.SRDLC, 30.99%, 04/10/2027 (a)(q)	Lending Club		04/06/2022		13,610		13,785		12,953
187844865.SRDLC, 20.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		2,195		2,215		2,100
187845510.SRDLC, 19.49%, 04/12/2025 (a)(q)	Lending Club		04/06/2022		3,644		3,678		3,474
187845740.SRDLC, 30.99%, 04/30/2025 (a)(l)(q)	Lending Club		04/06/2022		6,783		6,871		2,600
187846033.SRDLC, 17.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		4,707		4,750		4,510
187847354.SRDLC, 25.99%, 04/04/2027 (a)(l)(q)	Lending Club		04/06/2022		22,947		23,245		7,126
187847388.SRDLC, 13.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,203		3,232		3,066
187847747.SRDLC, 5%, 04/04/2026 (a)(q)	Lending Club		04/06/2022		3,796		3,822		2,516
187848474.SRDLC, 30.99%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		1,372		1,385		1,315
187849251.SRDLC, 30.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,048		3,077		2,921
187849309.SRDLC, 28.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		9,082		9,160		8,661
187850176.SRDLC, 28.49%, 04/04/2025 (a)(l)(q)	Lending Club		04/06/2022		2,451		2,483		1,014
187850551.SRDLC, 30.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,468		3,502		3,317
187851090.SRDLC, 23.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		2,222		2,243		2,131
187852320.SRDLC, 26.49%, 04/18/2027 (a)(q)	Lending Club		04/06/2022		10,798		10,923		10,361
187853969.SRDLC, 29.99%, 04/08/2027 (a)(q)	Lending Club		04/06/2022		8,120		8,214		7,712
187853993.SRDLC, 15.49%, 04/04/2024 (a)(q)	Lending Club		04/06/2022		809		819		790
187854084.SRDLC, 30.99%, 08/08/2025 (a)(l)(q)	Lending Club		04/06/2022		1,813		1,836		271
187854140.SRDLC, 20.49%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		12,695		12,837		12,007
187854293.SRDLC, 16.99%, 04/14/2025 (a)(q)	Lending Club		04/06/2022		3,619		3,652		3,461
187854397.SRDLC, 15%, 08/04/2025 (a)(q)	Lending Club		04/06/2022		2,361		2,390		1,616
187854697.SRDLC, 22.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		4,372		4,421		4,187
187855775.SRDLC, 26.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		1,539		1,553		1,474
187856387.SRDLC, 22.99%, 04/04/2025 (a)(l)(q)	Lending Club		04/06/2022		3,069		3,109		459
187857140.SRDLC, 30.99%, 04/18/2027 (a)(q)	Lending Club		04/06/2022		4,584		4,642		4,337
187857239.SRDLC, 30.99%, 04/15/2025 (a)(l)(q)	Lending Club		04/06/2022		2,238		2,267		183
187857517.SRDLC, 17.99%, 04/10/2025 (a)(q)	Lending Club		04/06/2022		2,154		2,169		2,065
187857930.SRDLC, 30.99%, 04/12/2025 (a)(q)	Lending Club		04/06/2022		7,700		7,775		7,383
187858022.SRDLC, 17.74%, 04/19/2025 (a)(q)	Lending Club		04/06/2022		3,660		3,694		3,502
187859053.SRDLC, 17.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		2,172		2,192		2,081
187859227.SRDLC, 20.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		4,756		4,800		4,549
187859323.SRDLC, 30.99%, 05/25/2027 (a)(q)	Lending Club		04/06/2022		13,212		13,365		12,827

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

56

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187859532.SRDLC, 20.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022	$	3,666	$	3,700	$	3,507
187859602.SRDLC, 30.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		762		769		730
187861515.SRDLC, 30.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		6,310		6,382		5,980
187862773.SRDLC, 28.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		5,436		5,488		5,208
187862799.SRDLC, 30.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		2,257		2,281		2,168
187863084.SRDLC, 30.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		762		769		730
187864635.SRDLC, 24.99%, 09/20/2025 (a)(q)	Lending Club		04/07/2022		5,564		5,626		5,286
187864708.SRDLC, 27.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		16,080		16,264		15,269
187865693.SRDLC, 15.74%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		12,870		12,962		12,328
187865748.SRDLC, 16.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		4,326		4,366		4,145
187865773.SRDLC, 17.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		5,214		5,261		4,996
187865865.SRDLC, 30.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		1,524		1,539		1,461
187866166.SRDLC, 30.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		13,516		13,672		12,850
187866389.SRDLC, 30.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		4,505		4,557		4,283
187869709.SRDLC, 28.99%, 04/15/2027 (a)(q)	Lending Club		04/06/2022		16,334		16,534		15,434
187871047.SRDLC, 30.99%, 04/09/2025 (a)(q)	Lending Club		04/06/2022		4,601		4,645		4,403
187871605.SRDLC, 30.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		22,834		23,124		21,590
187872123.SRDLC, 30.99%, 04/06/2027 (a)(l)(q)	Lending Club		04/08/2022		11,644		11,795		1,741
187872175.SRDLC, 30.99%, 04/06/2025 (a)(l)(q)	Lending Club		04/08/2022		3,994		4,046		656
187872374.SRDLC, 15%, 08/12/2025 (a)(l)(q)	Lending Club		04/06/2022		3,367		3,405		2,336
187872532.SRDLC, 26.49%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		13,340		13,492		12,796
187872598.SRDLC, 30.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		1,143		1,153		1,095
187873132.SRDLC, 17.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,319		3,349		3,183
187873200.SRDLC, 17.99%, 04/04/2025 (a)(l)(q)	Lending Club		04/06/2022		3,296		3,339		503
187873238.SRDLC, 25.99%, 04/17/2025 (a)(q)	Lending Club		04/06/2022		6,043		6,101		5,832
187873507.SRDLC, 28.74%, 04/04/2026 (a)(q)	Lending Club		04/06/2022		8,447		8,538		8,107
187875474.SRDLC, 14.09%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		34,072		34,072		32,864
187875633.SRDLC, 18.99%, 04/27/2027 (a)(l)(q)	Lending Club		04/08/2022		27,001		27,001		26,066
187875778.SRDLC, 6.79%, 04/15/2025 (a)(q)	Lending Club		04/19/2022		11,712		11,712		11,409
187876452.SRDLC, 12.99%, 04/11/2025 (a)(l)(q)	Lending Club		04/13/2022		24,317		24,317		5,024
187876494.SRDLC, 28.49%, 04/04/2024 (a)(l)(q)	Lending Club		04/06/2022		6,356		6,438		950
187876607.SRDLC, 15.99%, 04/19/2025 (a)(q)	Lending Club		04/06/2022		2,178		2,198		2,089
187876882.SRDLC, 20.49%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		8,721		8,819		8,255
187877543.SRDLC, 26.49%, 04/19/2027 (a)(l)(q)	Lending Club		04/06/2022		11,154		11,299		1,765
187877609.SRDLC, 21.49%, 04/04/2027 (a)(l)(q)	Lending Club		04/06/2022		4,704		4,766		703
187877651.SRDLC, 21.99%, 05/20/2027 (a)(q)	Lending Club		04/06/2022		17,088		17,281		16,344
187878586.SRDLC, 6.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,784		3,784		3,699
187881830.SRDLC, 30.99%, 04/15/2027 (a)(q)	Lending Club		04/06/2022		18,021		18,229		17,243
187883261.SRDLC, 16.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,607		3,639		3,449
187884247.SRDLC, 30.99%, 04/08/2027 (a)(q)	Lending Club		04/06/2022		9,056		9,161		8,586
187884491.SRDLC, 30.99%, 04/17/2025 (a)(q)	Lending Club		04/06/2022		11,616		11,725		11,172
187885149.SRDLC, 30.99%, 04/23/2025 (a)(l)(q)	Lending Club		04/06/2022		5,037		5,103		1,267
187885477.SRDLC, 27.99%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		3,331		3,363		3,190
187887142.SRDLC, 24.49%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		7,070		7,150		6,776
187887270.SRDLC, 25.49%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		7,464		7,534		7,196
187887355.SRDLC, 30.49%, 04/05/2027 (a)(q)	Lending Club		04/07/2022		13,495		13,651		12,836
187887520.SRDLC, 26.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		13,360		13,360		12,796
187887568.SRDLC, 16.99%, 04/21/2025 (a)(l)(q)	Lending Club		04/08/2022		3,009		3,037		2,880
187890698.SRDLC, 17.99%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		3,983		4,019		3,817
187891190.SRDLC, 24.99%, 04/06/2027 (a)(q)	Lending Club		04/08/2022		4,426		4,476		4,246
187895127.SRDLC, 27.99%, 04/15/2025 (a)(q)	Lending Club		04/06/2022		3,199		3,230		3,055
187899203.SRDLC, 24.99%, 04/05/2025 (a)(q)	Lending Club	��	04/07/2022		16,241		16,393		15,585
187899456.SRDLC, 30.99%, 04/21/2027 (a)(q)	Lending Club		04/08/2022		21,279		21,295		20,437
187899525.SRDLC, 24.99%, 04/07/2025 (a)(q)	Lending Club		04/11/2022		3,725		3,760		3,596
187899555.SRDLC, 19.99%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		4,837		4,882		4,630

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

57

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187902334.SRDLC, 30.99%, 04/05/2025 (a)(q)	Lending Club		04/07/2022	$	6,858	$	6,924	$	6,577
187902906.SRDLC, 24.99%, 04/05/2025 (a)(l)(q)	Lending Club		04/07/2022		2,376		2,407		547
187903235.SRDLC, 30.99%, 05/03/2027 (a)(q)	Lending Club		04/06/2022		4,749		4,808		4,441
187903875.SRDLC, 17.99%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		2,534		2,557		2,429
187903936.SRDLC, 29.99%, 04/10/2025 (a)(l)(q)	Lending Club		04/08/2022		4,715		4,776		1,995
187904384.SRDLC, 30.99%, 04/08/2027 (a)(q)	Lending Club		04/07/2022		5,355		5,421		5,103
187904399.SRDLC, 15%, 08/25/2025 (a)(l)(q)	Lending Club		04/07/2022		4,239		4,290		2,777
187904515.SRDLC, 30.99%, 12/05/2025 (a)(l)(q)	Lending Club		04/07/2022		1,930		1,956		289
187904645.SRDLC, 23.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		7,420		7,420		7,098
187904786.SRDLC, 30.99%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		2,233		2,255		2,140
187905066.SRDLC, 24.99%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		5,363		5,414		5,170
187905484.SRDLC, 26.74%, 04/28/2027 (a)(q)	Lending Club		04/08/2022		13,642		13,817		12,815
187906366.SRDLC, 30.99%, 04/05/2025 (a)(l)(q)	Lending Club		04/07/2022		14,717		14,909		2,200
187907513.SRDLC, 28.49%, 04/05/2027 (a)(q)	Lending Club		04/07/2022		9,841		9,954		9,352
187909316.SRDLC, 30.99%, 04/05/2027 (a)(q)	Lending Club		04/07/2022		4,505		4,557		4,286
187909377.SRDLC, 13.19%, 04/01/2025 (a)(q)	Lending Club		04/06/2022		4,605		4,605		4,463
187910215.SRDLC, 20.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		1,721		1,737		1,645
187910262.SRDLC, 15.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		5,745		5,796		5,493
187911176.SRDLC, 30.99%, 04/13/2027 (a)(q)	Lending Club		04/06/2022		8,560		8,665		8,119
187914262.SRDLC, 30.99%, 04/05/2027 (a)(q)	Lending Club		04/07/2022		18,021		18,229		17,144
187914526.SRDLC, 13.19%, 05/10/2025 (a)(q)	Lending Club		04/28/2022		6,127		6,127		5,891
187916897.SRDLC, 30.99%, 04/05/2027 (a)(q)	Lending Club		04/07/2022		7,569		7,654		7,200
187917757.SRDLC, 23.49%, 04/06/2025 (a)(l)(q)	Lending Club		04/08/2022		10,540		10,677		1,576
187920689.SRDLC, 25.49%, 04/05/2027 (a)(l)(q)	Lending Club		04/07/2022		6,429		6,512		1,993
187921967.SRDLC, 15%, 08/16/2025 (a)(q)	Lending Club		04/07/2022		3,506		3,540		2,205
187923397.SRDLC, 30.99%, 04/16/2027 (a)(q)	Lending Club		04/07/2022		13,680		13,848		13,023
187925186.SRDLC, 25.99%, 04/05/2027 (a)(q)	Lending Club		04/07/2022		7,104		7,185		6,815
187925702.SRDLC, 23.99%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		2,968		2,968		2,839
187926595.SRDLC, 22.99%, 04/06/2025 (a)(l)(q)	Lending Club		04/08/2022		6,139		6,218		918
187926631.SRDLC, 26.74%, 04/05/2027 (a)(q)	Lending Club		04/07/2022		13,350		13,502		12,677
187926998.SRDLC, 7.99%, 04/30/2025 (a)(l)(q)	Lending Club		04/19/2022		8,675		8,675		8,441
187927267.SRDLC, 26.49%, 04/05/2027 (a)(q)	Lending Club		04/07/2022		22,233		22,487		21,334
187930185.SRDLC, 26.99%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		1,877		1,895		1,800
187930630.SRDLC, 27.99%, 04/20/2025 (a)(q)	Lending Club		04/07/2022		3,832		3,869		3,689
187934515.SRDLC, 30.99%, 11/20/2025 (a)(l)(q)	Lending Club		04/07/2022		13,401		13,568		12,662
187936291.SRDLC, 16.49%, 04/05/2027 (a)(q)	Lending Club		04/07/2022		4,298		4,346		3,946
187936598.SRDLC, 28.99%, 04/15/2024 (a)(l)(q)	Lending Club		04/07/2022		4,050		4,102		605
187939726.SRDLC, 19.99%, 04/06/2027 (a)(q)	Lending Club		04/08/2022		8,706		8,803		8,243
187939812.SRDLC, 14.24%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		3,207		3,235		3,071
187940222.SRDLC, 23.49%, 08/05/2025 (a)(l)(q)	Lending Club		04/08/2022		20,397		20,605		19,380
187940357.SRDLC, 30.99%, 04/08/2027 (a)(l)(q)	Lending Club		04/08/2022		13,781		13,960		2,060
187941246.SRDLC, 22.74%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		738		745		712
187941261.SRDLC, 30.99%, 04/06/2027 (a)(q)	Lending Club		04/08/2022		22,526		22,780		21,449
187941743.SRDLC, 30.99%, 04/06/2027 (a)(l)(q)	Lending Club		04/08/2022		5,822		5,898		870
187943954.SRDLC, 9.99%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		33,508		33,508		32,533
187944203.SRDLC, 30.99%, 04/06/2027 (a)(l)(q)	Lending Club		04/08/2022		11,371		11,519		1,411
187944605.SRDLC, 30.99%, 04/13/2027 (a)(l)(q)	Lending Club		04/08/2022		14,408		14,595		2,154
187945171.SRDLC, 30.99%, 04/06/2027 (a)(l)(q)	Lending Club		04/08/2022		11,675		11,827		11,113
187945878.SRDLC, 15.49%, 04/15/2024 (a)(l)(q)	Lending Club		04/08/2022		1,751		1,762		1,709
187947629.SRDLC, 30.99%, 04/16/2027 (a)(q)	Lending Club		04/08/2022		4,555		4,611		4,336
187948199.SRDLC, 30.99%, 04/13/2027 (a)(q)	Lending Club		04/08/2022		9,091		9,197		8,632
187948779.SRDLC, 30.99%, 04/06/2027 (a)(q)	Lending Club		04/08/2022		8,263		8,328		7,867
187951250.SRDLC, 15.69%, 04/26/2027 (a)(q)	Lending Club		04/28/2022		24,426		24,426		23,637
187953821.SRDLC, 19.99%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		3,651		3,684		3,494
187953962.SRDLC, 11.99%, 04/14/2027 (a)(q)	Lending Club		04/18/2022		2,703		2,703		2,618

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

58

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
187958137.SRDLC, 15.99%, 04/06/2025 (a)(q)	Lending Club		04/08/2022	$	1,795	$	1,811	$	1,720
187961050.SRDLC, 11.29%, 04/27/2025 (a)(q)	Lending Club		04/29/2022		8,440		8,440		8,156
187961428.SRDLC, 11.99%, 04/11/2025 (a)(q)	Lending Club		04/13/2022		7,056		7,056		6,845
187961524.SRDLC, 30.99%, 04/06/2026 (a)(q)	Lending Club		04/08/2022		11,912		12,042		11,455
187965733.SRDLC, 30.99%, 04/06/2027 (a)(l)(q)	Lending Club		04/08/2022		9,374		9,496		1,500
187967810.SRDLC, 30.99%, 04/18/2027 (a)(l)(q)	Lending Club		04/08/2022		11,203		11,343		10,539
187969294.SRDLC, 25.49%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		2,239		2,260		2,160
187973616.SRDLC, 13.19%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,192		3,192		3,077
187973884.SRDLC, 9.69%, 04/27/2027 (a)(q)	Lending Club		04/29/2022		16,733		16,733		16,199
187974382.SRDLC, 24.49%, 04/06/2027 (a)(q)	Lending Club		04/08/2022		6,186		6,257		5,933
187975935.SRDLC, 20.49%, 04/26/2025 (a)(q)	Lending Club		04/28/2022		6,586		6,586		6,387
187977450.SRDLC, 29.99%, 04/06/2025 (a)(l)(q)	Lending Club		04/08/2022		13,861		14,041		2,072
187978396.SRDLC, 30.49%, 04/01/2027 (a)(q)	Lending Club		04/08/2022		5,277		5,338		5,023
187978760.SRDLC, 30.99%, 04/06/2027 (a)(l)(q)	Lending Club		04/08/2022		5,337		5,406		798
187978875.SRDLC, 23.49%, 04/16/2025 (a)(q)	Lending Club		04/11/2022		9,274		9,274		8,985
187979553.SRDLC, 30.99%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		1,372		1,385		1,316
187981341.SRDLC, 21.49%, 04/06/2027 (a)(q)	Lending Club		04/08/2022		4,254		4,302		4,034
187981645.SRDLC, 30.99%, 04/15/2025 (a)(q)	Lending Club		04/08/2022		6,333		6,394		6,058
187982842.SRDLC, 19.49%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		874		882		837
187982886.SRDLC, 22.49%, 04/15/2027 (a)(q)	Lending Club		04/06/2022		21,073		21,073		20,483
187983448.SRDLC, 28.99%, 04/20/2025 (a)(q)	Lending Club		04/08/2022		4,567		4,612		4,396
187984127.SRDLC, 18.49%, 04/06/2027 (a)(q)	Lending Club		04/08/2022		13,856		14,010		12,737
187984198.SRDLC, 9.69%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		16,733		16,733		16,193
187984558.SRDLC, 17.99%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		1,086		1,096		1,041
187999901.SRDLC, 6.59%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		4,474		4,474		4,356
188003565.SRDLC, 13.19%, 04/04/2027 (a)(q)	Lending Club		04/06/2022		17,824		17,824		17,254
188003641.SRDLC, 7.59%, 04/05/2027 (a)(q)	Lending Club		04/07/2022		33,163		33,163		32,163
188018369.SRDLC, 14.49%, 04/04/2025 (a)(q)	Lending Club		04/06/2022		3,137		3,137		3,043
188028189.SRDLC, 12.19%, 04/12/2025 (a)(q)	Lending Club		04/14/2022		3,174		3,174		3,084
188044743.SRDLC, 23.99%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		742		742		710
188047484.SRDLC, 9.69%, 04/05/2025 (a)(q)	Lending Club		04/07/2022		10,474		10,474		10,209
188048867.SRDLC, 11.99%, 04/12/2025 (a)(q)	Lending Club		04/14/2022		14,781		14,781		14,413
188049422.SRDLC, 18.99%, 04/18/2025 (a)(l)(q)	Lending Club		04/13/2022		11,103		11,103		1,509
188063554.SRDLC, 14.19%, 04/05/2025 (a)(l)(q)	Lending Club		04/07/2022		2,096		2,096		813
188071537.SRDLC, 14.99%, 04/13/2027 (a)(q)	Lending Club		04/11/2022		19,938		19,938		19,106
188077112.SRDLC, 7.49%, 04/06/2025 (a)(q)	Lending Club		04/08/2022		26,711		26,711		26,125
188090500.SRDLC, 26.79%, 04/26/2025 (a)(l)(q)	Lending Club		04/13/2022		13,563		13,563		—
188093871.SRDLC, 13.19%, 04/21/2027 (a)(q)	Lending Club		04/08/2022		13,458		13,458		13,032
188101498.SRDLC, 23.99%, 04/07/2027 (a)(q)	Lending Club		04/11/2022		22,523		22,523		21,856
188110010.SRDLC, 13.19%, 04/15/2027 (a)(l)(q)	Lending Club		04/11/2022		14,925		14,925		—
188111080.SRDLC, 22.49%, 04/18/2025 (a)(l)(q)	Lending Club		04/20/2022		11,197		11,197		1,674
188115513.SRDLC, 7.49%, 04/07/2025 (a)(q)	Lending Club		04/11/2022		2,074		2,074		2,027
188116171.SRDLC, 10.99%, 04/15/2025 (a)(q)	Lending Club		04/08/2022		6,772		6,772		6,524
188118276.SRDLC, 14.09%, 04/29/2027 (a)(l)(q)	Lending Club		04/12/2022		26,222		26,222		25,208
188125168.SRDLC, 7.99%, 04/07/2025 (a)(q)	Lending Club		04/11/2022		17,321		17,321		16,871
188135932.SRDLC, 25.99%, 04/07/2027 (a)(q)	Lending Club		04/11/2022		7,104		7,104		6,816
188141825.SRDLC, 16.99%, 04/15/2025 (a)(q)	Lending Club		04/11/2022		4,353		4,353		4,175
188144427.SRDLC, 22.49%, 04/09/2027 (a)(l)(q)	Lending Club		04/28/2022		8,996		8,996		1,345
188151431.SRDLC, 6.49%, 04/18/2025 (a)(q)	Lending Club		04/20/2022		6,605		6,605		6,454
188152374.SRDLC, 6.49%, 04/08/2025 (a)(q)	Lending Club		04/12/2022		13,760		13,760		13,449
188154421.SRDLC, 6.59%, 04/07/2027 (a)(q)	Lending Club		04/11/2022		11,968		11,968		11,607
188155614.SRDLC, 12.49%, 04/27/2025 (a)(q)	Lending Club		04/29/2022		3,536		3,536		3,417
188157838.SRDLC, 9.99%, 04/01/2027 (a)(q)	Lending Club		04/18/2022		11,974		11,974		11,605
188163418.SRDLC, 8.49%, 04/28/2025 (a)(q)	Lending Club		05/02/2022		6,667		6,667		6,495
188173201.SRDLC, 9.99%, 04/08/2025 (a)(q)	Lending Club		04/12/2022		699		699		682

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

59

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE			PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
188176512.SRDLC, 21.49%, 04/15/2027 (a)(q)	Lending Club		04/19/2022		$	17,502	$	17,502	$	17,019
188177085.SRDLC, 7.09%, 04/08/2025 (a)(q)	Lending Club		04/12/2022			7,934		7,934		7,755
188180448.SRDLC, 8.99%, 04/11/2025 (a)(q)	Lending Club		04/13/2022			10,441		10,441		10,171
188180458.SRDLC, 13.19%, 04/20/2027 (a)(q)	Lending Club		04/12/2022			13,641		13,641		13,221
188180817.SRDLC, 9.69%, 04/18/2027 (a)(q)	Lending Club		04/20/2022			16,733		16,733		16,196
188186855.SRDLC, 6.59%, 04/11/2025 (a)(q)	Lending Club		04/13/2022			4,130		4,130		4,022
188187819.SRDLC, 23.99%, 04/08/2027 (a)(q)	Lending Club		04/12/2022	��		7,941		7,941		7,709
188192898.SRDLC, 23.49%, 04/13/2027 (a)(l)(q)	Lending Club		04/15/2022			18,474		18,474		209
188196917.SRDLC, 22.49%, 04/10/2027 (a)(q)	Lending Club		04/13/2022			16,662		16,662		16,184
188197766.SRDLC, 8.99%, 04/11/2027 (a)(q)	Lending Club		04/13/2022			2,669		2,669		2,583
188200624.SRDLC, 7.59%, 04/11/2027 (a)(q)	Lending Club		04/13/2022			14,094		14,094		13,673
188202504.SRDLC, 18.19%, 04/11/2027 (a)(q)	Lending Club		04/13/2022			8,645		8,645		8,352
188203484.SRDLC, 12.49%, 04/11/2025 (a)(q)	Lending Club		04/13/2022			5,657		5,657		5,487
188208257.SRDLC, 14.49%, 04/17/2025 (a)(q)	Lending Club		04/13/2022			1,430		1,430		1,383
188209820.SRDLC, 20.99%, 04/30/2027 (a)(l)(q)	Lending Club		04/22/2022			8,853		8,853		8,543
188210936.SRDLC, 9.29%, 04/11/2025 (a)(q)	Lending Club		04/13/2022			10,803		10,803		10,418
188212079.SRDLC, 7.59%, 04/30/2025 (a)(l)(q)	Lending Club		04/13/2022			5,775		5,775		5,547
188214895.SRDLC, 26.79%, 04/21/2025 (a)(q)	Lending Club		04/14/2022			12,978		12,978		12,554
188214926.SRDLC, 16.19%, 04/11/2027 (a)(q)	Lending Club		04/13/2022			4,637		4,637		4,478
188223707.SRDLC, 16.99%, 04/19/2025 (a)(l)(q)	Lending Club		04/13/2022			11,181		11,181		1,762
188232511.SRDLC, 4.99%, 04/20/2025 (a)(q)	Lending Club		04/13/2022			7,587		7,587		7,428
188241974.SRDLC, 26.79%, 04/27/2027 (a)(l)(q)	Lending Club		04/29/2022			6,336		6,336		947
188242926.SRDLC, 22.49%, 05/16/2027 (a)(q)	Lending Club		05/11/2022			16,087		16,087		15,581
188243266.SRDLC, 12.99%, 04/11/2027 (a)(q)	Lending Club		04/13/2022			12,721		12,721		12,179
188245083.SRDLC, 18.99%, 04/11/2027 (a)(q)	Lending Club		04/13/2022			27,937		27,937		27,063
188253660.SRDLC, 8.99%, 04/11/2027 (a)(q)	Lending Club		04/13/2022			8,341		8,341		8,071
188257765.SRDLC, 13.19%, 04/11/2025 (a)(q)	Lending Club		04/13/2022			2,127		2,127		2,063
188262303.SRDLC, 8.99%, 04/11/2025 (a)(q)	Lending Club		04/13/2022			2,784		2,784		2,712
188269841.SRDLC, 14.99%, 04/15/2027 (a)(q)	Lending Club		04/13/2022			21,412		21,412		20,675
188271685.SRDLC, 5.09%, 04/11/2025 (a)(q)	Lending Club		04/13/2022			4,101		4,101		3,993
188272070.SRDLC, 7.59%, 04/12/2025 (a)(q)	Lending Club		04/14/2022			7,952		7,952		7,668
188288146.SRDLC, 19.49%, 04/13/2027 (a)(q)	Lending Club		04/15/2022			3,914		3,914		3,707
188299292.SRDLC, 8.99%, 04/12/2025 (a)(q)	Lending Club		04/14/2022			6,788		6,788		6,624
188303266.SRDLC, 28.99%, 04/26/2027 (a)(l)(q)	Lending Club		04/18/2022			3,296		3,296		—
188306165.SRDLC, 14.19%, 04/12/2025 (a)(l)(q)	Lending Club		04/14/2022			6,396		6,396		956
188317069.SRDLC, 20.99%, 04/19/2027 (a)(q)	Lending Club		04/21/2022			10,483		10,483		10,198
188317779.SRDLC, 6.99%, 04/20/2027 (a)(q)	Lending Club		04/18/2022			8,445		8,445		8,158
188325419.SRDLC, 9.59%, 04/13/2027 (a)(q)	Lending Club		04/15/2022			20,907		20,907		20,235
188334977.SRDLC, 8.99%, 04/13/2025 (a)(q)	Lending Club		04/15/2022			20,881		20,881		20,343
188335663.SRDLC, 16.99%, 04/23/2025 (a)(q)	Lending Club		04/15/2022			5,808		5,808		5,623
188347330.SRDLC, 12.49%, 04/18/2025 (a)(q)	Lending Club		04/20/2022			6,364		6,364		6,177
188348223.SRDLC, 25.99%, 04/16/2027 (a)(q)	Lending Club		04/15/2022			14,232		14,232		13,640
188369317.SRDLC, 10%, 04/22/2027 (a)(q)	Lending Club		04/26/2022			30,158		30,158		29,200
188382495.SRDLC, 10.59%, 04/14/2027 (a)(q)	Lending Club		04/18/2022			20,995		20,995		20,329
188383621.SRDLC, 17.19%, 04/14/2027 (a)(q)	Lending Club		04/18/2022			5,516		5,516		5,239
188394163.SRDLC, 20.49%, 04/25/2025 (a)(l)(q)	Lending Club		04/18/2022			26,710		26,710		25,819
188396800.SRDLC, 10.89%, 04/20/2025 (a)(q)	Lending Club		04/22/2022			22,118		22,118		21,340
188413118.SRDLC, 9.79%, 04/15/2027 (a)(l)(q)	Lending Club		04/19/2022			4,430		4,430		662
188414239.SRDLC, 5.99%, 04/15/2025 (a)(q)	Lending Club		04/19/2022			3,089		3,089		3,018
188423939.SRDLC, 6.59%, 04/15/2027 (a)(q)	Lending Club		04/19/2022			18,973		18,973		18,331
188429512.SRDLC, 26.79%, 04/14/2025 (a)(q)	Lending Club		04/18/2022			2,250		2,250		2,194
188443111.SRDLC, 9.99%, 04/18/2027 (a)(q)	Lending Club		04/20/2022			10,890		10,890		10,542
188449984.SRDLC, 5.49%, 04/18/2025 (a)(q)	Lending Club		04/20/2022			6,847		6,847		6,690
188450644.SRDLC, 5.99%, 04/28/2025 (a)(q)	Lending Club		05/02/2022			3,432		3,432		3,351
188458413.SRDLC, 16.99%, 04/18/2025 (a)(q)	Lending Club		04/20/2022			3,605		3,605		3,494

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

60

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
188459918.SRDLC, 12.49%, 04/21/2025 (a)(q)	Lending Club		04/25/2022	$	16,064	$	16,064	$	15,508
188461120.SRDLC, 7.59%, 04/21/2027 (a)(l)(q)	Lending Club		04/21/2022		8,879		8,879		—
188463802.SRDLC, 15.99%, 04/22/2025 (a)(q)	Lending Club		04/19/2022		7,215		7,215		6,941
188469901.SRDLC, 8.79%, 04/18/2025 (a)(q)	Lending Club		04/20/2022		22,882		22,882		22,080
188470491.SRDLC, 7.09%, 04/25/2027 (a)(q)	Lending Club		04/27/2022		6,048		6,048		5,872
188472377.SRDLC, 20.44%, 04/21/2025 (a)(l)(q)	Lending Club		04/25/2022		31,412		31,412		4,696
188486804.SRDLC, 14.69%, 04/28/2025 (a)(q)	Lending Club		05/02/2022		1,785		1,785		1,732
188487773.SRDLC, 8.99%, 04/21/2027 (a)(q)	Lending Club		04/25/2022		10,010		10,010		9,689
188494020.SRDLC, 15.19%, 04/18/2027 (a)(q)	Lending Club		04/20/2022		11,976		11,976		11,575
188498586.SRDLC, 16.99%, 04/27/2025 (a)(q)	Lending Club		04/29/2022		18,027		18,027		17,497
188506333.SRDLC, 7.59%, 04/18/2027 (a)(q)	Lending Club		04/20/2022		14,923		14,923		14,435
188508384.SRDLC, 27.79%, 04/18/2025 (a)(q)	Lending Club		04/20/2022		4,518		4,518		4,411
188511308.SRDLC, 9.99%, 04/18/2027 (a)(l)(q)	Lending Club		04/20/2022		31,608		31,608		4,725
188512606.SRDLC, 16.19%, 04/18/2025 (a)(q)	Lending Club		04/20/2022		7,833		7,833		7,590
188512665.SRDLC, 16.19%, 04/18/2025 (a)(q)	Lending Club		04/20/2022		5,030		5,030		4,891
188524513.SRDLC, 14.09%, 04/20/2025 (a)(q)	Lending Club		04/20/2022		12,834		12,834		12,415
188524541.SRDLC, 7.59%, 04/21/2027 (a)(q)	Lending Club		04/25/2022		9,949		9,949		9,657
188525090.SRDLC, 7.49%, 04/21/2025 (a)(q)	Lending Club		04/25/2022		1,382		1,382		1,351
188528715.SRDLC, 6.59%, 04/18/2025 (a)(q)	Lending Club		04/20/2022		3,097		3,097		3,017
188533982.SRDLC, 14.19%, 04/18/2027 (a)(q)	Lending Club		04/20/2022		10,225		10,225		9,709
188533985.SRDLC, 8.79%, 04/25/2025 (a)(q)	Lending Club		04/27/2022		10,431		10,431		10,074
188546778.SRDLC, 14.19%, 04/19/2025 (a)(l)(q)	Lending Club		04/21/2022		8,730		8,730		1,375
188548893.SRDLC, 7.59%, 05/03/2027 (a)(q)	Lending Club		05/05/2022		18,564		18,564		17,990
188550074.SRDLC, 5.99%, 04/18/2025 (a)(q)	Lending Club		04/20/2022		17,846		17,846		17,437
188551734.SRDLC, 6.99%, 04/10/2025 (a)(q)	Lending Club		04/27/2022		8,244		8,244		8,058
188554654.SRDLC, 13.69%, 05/02/2025 (a)(l)(q)	Lending Club		05/04/2022		3,558		3,558		3,427
188560211.SRDLC, 14.19%, 04/25/2027 (a)(q)	Lending Club		04/27/2022		10,225		10,225		9,722
188560858.SRDLC, 15.19%, 04/25/2027 (a)(q)	Lending Club		04/27/2022		25,663		25,663		24,827
188563688.SRDLC, 5.09%, 04/18/2025 (a)(l)(q)	Lending Club		04/20/2022		4,026		4,026		602
188566856.SRDLC, 10.99%, 04/18/2025 (a)(q)	Lending Club		04/20/2022		5,900		5,900		5,726
188574943.SRDLC, 28.99%, 04/22/2027 (a)(l)(q)	Lending Club		04/26/2022		10,876		10,876		10,719
188576274.SRDLC, 6.99%, 04/19/2025 (a)(q)	Lending Club		04/21/2022		1,943		1,943		1,927
188588178.SRDLC, 7.49%, 07/19/2025 (a)(l)(q)	Lending Club		04/21/2022		12,044		12,044		7,107
188593549.SRDLC, 27.99%, 04/20/2025 (a)(q)	Lending Club		04/22/2022		18,094		18,094		17,580
188597290.SRDLC, 7.49%, 04/15/2027 (a)(q)	Lending Club		04/21/2022		24,834		24,834		24,002
188602043.SRDLC, 23.99%, 04/25/2027 (a)(l)(q)	Lending Club		04/25/2022		17,034		17,034		16,023
188603010.SRDLC, 14.69%, 04/20/2025 (a)(q)	Lending Club		04/22/2022		4,284		4,284		4,152
188610073.SRDLC, 11.99%, 04/20/2025 (a)(q)	Lending Club		04/22/2022		1,058		1,058		1,027
188620193.SRDLC, 9.99%, 04/20/2025 (a)(q)	Lending Club		04/22/2022		4,195		4,195		4,090
188623035.SRDLC, 11.99%, 04/20/2025 (a)(q)	Lending Club		04/22/2022		16,439		16,439		16,032
188633812.SRDLC, 14.99%, 04/20/2027 (a)(l)(q)	Lending Club		04/22/2022		11,305		11,305		—
188637325.SRDLC, 9.99%, 04/20/2025 (a)(q)	Lending Club		04/22/2022		9,090		9,090		8,822
188639510.SRDLC, 23.99%, 04/21/2027 (a)(q)	Lending Club		04/25/2022		8,824		8,824		8,604
188643355.SRDLC, 11.99%, 04/20/2027 (a)(q)	Lending Club		04/22/2022		13,516		13,516		13,135
188643790.SRDLC, 11.99%, 04/20/2025 (a)(q)	Lending Club		04/22/2022		7,055		7,055		6,849
188651498.SRDLC, 9.99%, 04/21/2027 (a)(q)	Lending Club		04/25/2022		6,702		6,702		6,488
188655269.SRDLC, 9.09%, 04/20/2025 (a)(q)	Lending Club		04/22/2022		6,964		6,964		6,786
188662151.SRDLC, 10.99%, 04/20/2025 (a)(q)	Lending Club		04/22/2022		8,429		8,429		8,182
188663171.SRDLC, 10.89%, 04/21/2025 (a)(q)	Lending Club		04/25/2022		9,829		9,829		9,585
188683792.SRDLC, 14.99%, 04/25/2027 (a)(q)	Lending Club		04/27/2022		5,983		5,983		5,788
188683963.SRDLC, 30.99%, 04/27/2027 (a)(q)	Lending Club		04/29/2022		17,133		17,133		17,052
188687759.SRDLC, 14.99%, 04/22/2027 (a)(q)	Lending Club		04/26/2022		12,821		12,821		12,402
188691099.SRDLC, 7.59%, 04/26/2027 (a)(q)	Lending Club		04/28/2022		15,752		15,752		15,291
188695663.SRDLC, 8.99%, 04/27/2025 (a)(q)	Lending Club		04/29/2022		8,352		8,352		8,142
188701267.SRDLC, 17.44%, 04/21/2027 (a)(q)	Lending Club		04/25/2022		17,254		17,254		16,695

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

61

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
188705387.SRDLC, 6.49%, 04/22/2025 (a)(q)	Lending Club		04/26/2022	$	3,440	$	3,440	$	3,361
188705941.SRDLC, 14.99%, 04/21/2027 (a)(q)	Lending Club		04/25/2022		17,095		17,095		16,533
188715091.SRDLC, 23.99%, 04/22/2027 (a)(q)	Lending Club		04/26/2022		35,295		35,295		34,427
188726937.SRDLC, 16.99%, 04/26/2025 (a)(l)(q)	Lending Club		04/28/2022		4,140		4,140		619
188732658.SRDLC, 14.99%, 04/25/2027 (a)(l)(q)	Lending Club		04/27/2022		18,048		18,048		17,436
188737087.SRDLC, 13.49%, 04/25/2027 (a)(q)	Lending Club		04/27/2022		33,991		33,991		33,078
188739371.SRDLC, 12.34%, 04/28/2025 (a)(q)	Lending Club		05/02/2022		4,240		4,240		4,026
188759011.SRDLC, 11.69%, 04/25/2026 (a)(q)	Lending Club		04/27/2022		19,399		19,399		18,933
188761265.SRDLC, 6.59%, 04/25/2025 (a)(q)	Lending Club		04/27/2022		6,883		6,883		6,707
188767705.SRDLC, 30.99%, 04/25/2027 (a)(l)(q)	Lending Club		04/27/2022		16,979		16,979		2,843
188769548.SRDLC, 6.59%, 04/28/2027 (a)(q)	Lending Club		05/02/2022		9,823		9,823		9,488
188779064.SRDLC, 21.49%, 04/27/2025 (a)(l)(q)	Lending Club		04/29/2022		3,676		3,676		3,566
188779516.SRDLC, 30.99%, 04/15/2027 (a)(q)	Lending Club		05/02/2022		5,317		5,317		5,311
188780842.SRDLC, 8.49%, 04/29/2025 (a)(l)(q)	Lending Club		04/27/2022		14,436		14,436		14,055
188788459.SRDLC, 10.59%, 04/11/2027 (a)(q)	Lending Club		04/27/2022		12,124		12,124		11,779
188790151.SRDLC, 5.49%, 04/30/2025 (a)(l)(q)	Lending Club		04/27/2022		3,561		3,561		3,478
188793044.SRDLC, 8.49%, 04/25/2025 (a)(q)	Lending Club		04/27/2022		6,944		6,944		6,769
188799399.SRDLC, 6.99%, 04/25/2025 (a)(q)	Lending Club		04/27/2022		27,584		27,584		26,953
188800045.SRDLC, 5.59%, 04/26/2027 (a)(q)	Lending Club		04/28/2022		32,863		32,863		31,733
188805410.SRDLC, 6.59%, 04/26/2025 (a)(q)	Lending Club		04/28/2022		8,260		8,260		8,049
188806949.SRDLC, 21.49%, 04/28/2025 (a)(l)(q)	Lending Club		05/02/2022		7,921		7,921		1,308
188815893.SRDLC, 8.79%, 04/25/2025 (a)(q)	Lending Club		04/27/2022		2,434		2,434		2,351
188837059.SRDLC, 8.49%, 04/26/2025 (a)(q)	Lending Club		04/28/2022		3,472		3,472		3,385
188838520.SRDLC, 12.49%, 04/27/2025 (a)(q)	Lending Club		04/29/2022		10,607		10,607		10,251
188843204.SRDLC, 14.99%, 04/26/2027 (a)(q)	Lending Club		04/28/2022		8,550		8,550		8,269
188846276.SRDLC, 11.89%, 05/10/2027 (a)(q)	Lending Club		04/29/2022		34,510		34,510		33,359
188851082.SRDLC, 23.49%, 04/28/2027 (a)(q)	Lending Club		05/02/2022		14,007		14,007		13,686
188852531.SRDLC, 13.49%, 04/20/2027 (a)(q)	Lending Club		04/29/2022		25,392		25,392		24,726
188865237.SRDLC, 14.09%, 04/30/2027 (a)(l)(q)	Lending Club		05/02/2022		8,657		8,657		8,341
188871984.SRDLC, 22.49%, 04/27/2027 (a)(q)	Lending Club		04/29/2022		14,050		14,050		13,671
188874153.SRDLC, 11.99%, 04/28/2027 (a)(q)	Lending Club		05/02/2022		8,447		8,447		8,179
188874439.SRDLC, 21.79%, 04/27/2025 (a)(q)	Lending Club		04/29/2022		2,198		2,198		2,124
188879701.SRDLC, 23.99%, 04/10/2027 (a)(l)(q)	Lending Club		04/29/2022		22,599		22,599		21,846
188880423.SRDLC, 21.49%, 04/30/2025 (a)(l)(q)	Lending Club		04/29/2022		3,805		3,805		3,651
188886850.SRDLC, 7.49%, 04/28/2025 (a)(q)	Lending Club		05/02/2022		5,530		5,530		5,401
188890261.SRDLC, 22.99%, 04/27/2025 (a)(q)	Lending Club		04/29/2022		1,829		1,829		1,790
188891894.SRDLC, 7.99%, 04/28/2025 (a)(q)	Lending Club		05/02/2022		1,386		1,386		1,350
188892512.SRDLC, 16.99%, 04/28/2025 (a)(q)	Lending Club		05/02/2022		4,326		4,326		4,199
188906059.SRDLC, 22.99%, 04/28/2025 (a)(q)	Lending Club		05/02/2022		3,696		3,696		3,512
188906118.SRDLC, 7.09%, 04/28/2027 (a)(q)	Lending Club		05/02/2022		17,372		17,372		16,859
190431243.SRDLC, 30.99%, 07/20/2025 (a)(q)	Lending Club		07/07/2022		4,212		4,238		4,014
190580202.SRDLC, 20.49%, 07/05/2025 (a)(q)	Lending Club		07/07/2022		4,824		4,851		4,567
190585073.SRDLC, 16.99%, 07/07/2025 (a)(q)	Lending Club		07/11/2022		19,882		19,997		18,939
190656219.SRDLC, 21.99%, 07/15/2025 (a)(q)	Lending Club		07/13/2022		5,246		5,277		4,977
190734719.SRDLC, 29.74%, 07/05/2025 (a)(q)	Lending Club		07/07/2022		8,257		8,307		7,819
190739134.SRDLC, 6.49%, 07/20/2027 (a)(q)	Lending Club		07/08/2022		30,534		30,534		29,470
190788536.SRDLC, 30.99%, 07/18/2026 (a)(q)	Lending Club		07/20/2022		3,574		3,609		3,408
190818629.SRDLC, 24.99%, 07/05/2025 (a)(q)	Lending Club		07/07/2022		7,332		7,376		6,980
190843610.SRDLC, 26.49%, 07/05/2027 (a)(q)	Lending Club		07/07/2022		11,044		11,123		10,474
190873520.SRDLC, 15.74%, 07/11/2025 (a)(q)	Lending Club		07/13/2022		4,753		4,780		4,528
190889207.SRDLC, 17.99%, 07/18/2025 (a)(q)	Lending Club		07/20/2022		3,989		4,020		3,808
190893071.SRDLC, 20.99%, 07/11/2025 (a)(q)	Lending Club		07/13/2022		14,493		14,579		13,752
190910095.SRDLC, 7.59%, 07/26/2025 (a)(l)(q)	Lending Club		07/13/2022		4,782		4,782		4,604
190913131.SRDLC, 28.49%, 07/05/2026 (a)(q)	Lending Club		07/07/2022		2,485		2,501		2,348
190966377.SRDLC, 26.99%, 07/16/2025 (a)(q)	Lending Club		07/13/2022		3,295		3,315		3,129

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

62

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
190966542.SRDLC, 16.99%, 07/05/2025 (a)(q)	Lending Club		07/07/2022	$	1,988	$	2,000	$	1,892
190968042.SRDLC, 28.99%, 07/15/2025 (a)(l)(q)	Lending Club		07/13/2022		5,096		5,127		4,813
190983738.SRDLC, 18.99%, 07/15/2025 (a)(q)	Lending Club		07/08/2022		4,009		4,009		3,823
190984670.SRDLC, 30.99%, 07/28/2025 (a)(l)(q)	Lending Club		08/01/2022		5,504		5,559		823
191000884.SRDLC, 30.99%, 07/05/2027 (a)(q)	Lending Club		07/07/2022		13,930		14,026		13,097
191007294.SRDLC, 30.99%, 07/06/2027 (a)(l)(q)	Lending Club		07/08/2022		19,406		19,552		1,432
191015102.SRDLC, 30.99%, 07/05/2027 (a)(l)(q)	Lending Club		07/07/2022		18,960		19,102		4,162
191024293.SRDLC, 15.24%, 07/07/2025 (a)(q)	Lending Club		07/11/2022		2,373		2,373		2,285
191030355.SRDLC, 25.99%, 07/06/2025 (a)(q)	Lending Club		07/08/2022		2,897		2,914		2,759
191035222.SRDLC, 17.54%, 07/20/2027 (a)(q)	Lending Club		07/07/2022		7,143		7,190		6,591
191038262.SRDLC, 28.99%, 08/15/2025 (a)(q)	Lending Club		08/08/2022		17,070		17,213		16,335
191042171.SRDLC, 10.99%, 07/07/2026 (a)(q)	Lending Club		07/11/2022		31,237		31,237		30,425
191043882.SRDLC, 16.24%, 07/05/2025 (a)(q)	Lending Club		07/07/2022		3,570		3,591		3,397
191058033.SRDLC, 21.99%, 07/05/2025 (a)(q)	Lending Club		07/07/2022		6,057		6,093		5,737
191073209.SRDLC, 30.99%, 07/11/2026 (a)(l)(q)	Lending Club		07/13/2022		2,961		2,983		487
191076667.SRDLC, 16.49%, 07/05/2025 (a)(q)	Lending Club		07/07/2022		3,970		3,993		3,778
191080389.SRDLC, 30.99%, 07/05/2026 (a)(q)	Lending Club		07/07/2022		4,463		4,492		4,236
191086066.SRDLC, 17.99%, 07/05/2025 (a)(q)	Lending Club		07/07/2022		6,143		6,179		5,848
191089018.SRDLC, 13.44%, 07/14/2027 (a)(q)	Lending Club		07/18/2022		7,824		7,824		7,564
191093360.SRDLC, 30.99%, 07/05/2027 (a)(q)	Lending Club		07/07/2022		8,518		8,578		8,014
191094293.SRDLC, 30.99%, 07/15/2027 (a)(q)	Lending Club		07/11/2022		4,686		4,718		4,406
191095020.SRDLC, 23.74%, 07/07/2027 (a)(q)	Lending Club		07/11/2022		19,009		19,009		18,321
191100451.SRDLC, 7.09%, 07/15/2025 (a)(q)	Lending Club		07/08/2022		8,847		8,847		8,608
191101249.SRDLC, 15.74%, 07/15/2027 (a)(q)	Lending Club		07/19/2022		25,061		25,061		23,799
191104158.SRDLC, 14.94%, 08/18/2027 (a)(q)	Lending Club		08/04/2022		36,502		36,502		35,541
191105569.SRDLC, 30.99%, 07/26/2027 (a)(l)(q)	Lending Club		07/26/2022		11,499		11,614		2,693
191112629.SRDLC, 26.99%, 08/04/2025 (a)(q)	Lending Club		08/08/2022		3,365		3,393		3,204
191113722.SRDLC, 24.99%, 07/22/2027 (a)(q)	Lending Club		07/26/2022		9,166		9,250		8,765
191122073.SRDLC, 30.99%, 07/14/2027 (a)(l)(q)	Lending Club		07/07/2022		12,318		12,405		11,557
191125187.SRDLC, 17.49%, 07/05/2025 (a)(q)	Lending Club		07/07/2022		8,762		8,813		8,340
191128959.SRDLC, 30.99%, 07/12/2027 (a)(l)(q)	Lending Club		07/12/2022		7,600		7,657		1,707
191148128.SRDLC, 16.49%, 07/07/2025 (a)(l)(q)	Lending Club		07/11/2022		7,042		7,042		6,718
191151335.SRDLC, 22.99%, 07/05/2027 (a)(l)(q)	Lending Club		07/07/2022		8,002		8,062		1,608
191154880.SRDLC, 7.74%, 08/02/2025 (a)(q)	Lending Club		08/04/2022		7,973		7,973		7,802
191159042.SRDLC, 30.99%, 07/16/2027 (a)(q)	Lending Club		07/08/2022		22,510		22,679		21,195
191159852.SRDLC, 30.49%, 07/20/2027 (a)(q)	Lending Club		07/08/2022		9,421		9,492		8,822
191159999.SRDLC, 28.99%, 07/26/2025 (a)(q)	Lending Club		07/28/2022		4,614		4,652		4,423
191161484.SRDLC, 30.99%, 07/19/2025 (a)(q)	Lending Club		07/21/2022		4,142		4,176		3,956
191176580.SRDLC, 18.24%, 07/08/2025 (a)(q)	Lending Club		07/12/2022		3,992		4,015		3,805
191177276.SRDLC, 30.99%, 07/18/2027 (a)(l)(q)	Lending Club		07/20/2022		19,406		19,600		3,221
191178176.SRDLC, 30.99%, 07/11/2027 (a)(q)	Lending Club		07/13/2022		4,643		4,675		4,382
191181283.SRDLC, 23.49%, 07/07/2027 (a)(q)	Lending Club		07/11/2022		13,703		13,805		12,996
191181523.SRDLC, 30.99%, 07/16/2027 (a)(q)	Lending Club		07/13/2022		18,679		18,809		17,584
191193127.SRDLC, 30.49%, 07/13/2027 (a)(l)(q)	Lending Club		07/15/2022		9,761		9,834		759
191197966.SRDLC, 30.99%, 07/28/2027 (a)(q)	Lending Club		07/19/2022		15,429		15,583		14,613
191198358.SRDLC, 30.99%, 07/12/2027 (a)(q)	Lending Club		07/14/2022		6,687		6,733		6,314
191203714.SRDLC, 23.99%, 07/15/2025 (a)(q)	Lending Club		07/19/2022		8,135		8,135		7,748
191212299.SRDLC, 17.74%, 07/07/2025 (a)(q)	Lending Club		07/11/2022		489		490		477
191218430.SRDLC, 30.99%, 07/15/2025 (a)(l)(q)	Lending Club		07/19/2022		5,100		5,148		4,844
191219951.SRDLC, 23.99%, 07/08/2025 (a)(q)	Lending Club		07/12/2022		4,874		4,874		4,637
191226544.SRDLC, 30.99%, 07/27/2025 (a)(q)	Lending Club		07/29/2022		9,942		10,024		9,540
191229228.SRDLC, 26.99%, 08/29/2027 (a)(l)(q)	Lending Club		07/12/2022		23,045		23,218		7,628
191241687.SRDLC, 24.99%, 07/18/2025 (a)(q)	Lending Club		07/20/2022		8,171		8,235		7,803
191244064.SRDLC, 19.99%, 07/13/2027 (a)(q)	Lending Club		07/13/2022		10,880		10,953		10,253
191246684.SRDLC, 15.99%, 07/11/2025 (a)(l)(q)	Lending Club		07/13/2022		2,937		2,937		462

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

63

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
191251728.SRDLC, 30.99%, 07/17/2027 (a)(q)	Lending Club		07/12/2022	$	7,864	$	7,918	$	7,437
191252175.SRDLC, 30.99%, 07/11/2027 (a)(q)	Lending Club		07/13/2022		4,587		4,619		4,326
191263540.SRDLC, 24.99%, 07/28/2025 (a)(q)	Lending Club		07/20/2022		12,305		12,405		11,788
191268771.SRDLC, 26.74%, 07/08/2025 (a)(q)	Lending Club		07/12/2022		1,638		1,647		1,554
191270654.SRDLC, 25.99%, 07/11/2027 (a)(q)	Lending Club		07/13/2022		22,049		22,049		21,002
191274191.SRDLC, 26.99%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		8,413		8,482		8,023
191275722.SRDLC, 27.99%, 07/18/2025 (a)(q)	Lending Club		07/13/2022		1,238		1,246		1,174
191276546.SRDLC, 19.49%, 07/11/2025 (a)(q)	Lending Club		07/13/2022		1,843		1,854		1,749
191285159.SRDLC, 23.99%, 07/11/2027 (a)(q)	Lending Club		07/13/2022		5,487		5,487		5,292
191289694.SRDLC, 30.49%, 07/22/2027 (a)(q)	Lending Club		07/26/2022		10,855		10,955		10,324
191291119.SRDLC, 30.99%, 07/11/2027 (a)(l)(q)	Lending Club		07/13/2022		5,701		5,744		1,968
191293818.SRDLC, 30.99%, 07/30/2027 (a)(l)(q)	Lending Club		07/19/2022		17,122		17,293		15,941
191295680.SRDLC, 17.99%, 07/01/2025 (a)(l)(q)	Lending Club		07/25/2022		12,404		12,502		11,794
191295842.SRDLC, 27.99%, 07/25/2025 (a)(q)	Lending Club		07/21/2022		2,066		2,078		1,967
191302516.SRDLC, 10.04%, 07/11/2025 (a)(q)	Lending Club		07/13/2022		7,074		7,074		6,808
191302532.SRDLC, 23.49%, 07/11/2027 (a)(q)	Lending Club		07/13/2022		5,480		5,517		5,212
191308241.SRDLC, 24.49%, 01/11/2028 (a)(l)(q)	Lending Club		07/13/2022		9,642		9,714		1,441
191310544.SRDLC, 30.99%, 07/23/2027 (a)(q)	Lending Club		07/15/2022		7,506		7,562		7,099
191313508.SRDLC, 19.49%, 07/15/2027 (a)(q)	Lending Club		07/13/2022		4,144		4,172		3,914
191316742.SRDLC, 30.99%, 07/12/2025 (a)(q)	Lending Club		07/14/2022		5,385		5,418		5,122
191317877.SRDLC, 5.09%, 07/16/2025 (a)(q)	Lending Club		07/13/2022		23,710		23,710		23,080
191320889.SRDLC, 22.49%, 07/26/2025 (a)(q)	Lending Club		07/13/2022		4,918		4,947		4,663
191321447.SRDLC, 30.49%, 07/15/2025 (a)(q)	Lending Club		07/15/2022		5,492		5,525		5,217
191337039.SRDLC, 14.54%, 07/11/2025 (a)(q)	Lending Club		07/13/2022		3,145		3,163		2,995
191340523.SRDLC, 15.69%, 07/11/2027 (a)(q)	Lending Club		07/13/2022		23,268		23,268		22,070
191346196.SRDLC, 27.74%, 07/20/2027 (a)(q)	Lending Club		07/22/2022		11,068		11,169		10,488
191353759.SRDLC, 30.99%, 07/24/2025 (a)(q)	Lending Club		07/19/2022		3,514		3,541		3,360
191357645.SRDLC, 22.49%, 07/18/2025 (a)(l)(q)	Lending Club		07/20/2022		20,791		20,957		19,745
191368314.SRDLC, 28.99%, 07/12/2024 (a)(l)(q)	Lending Club		07/14/2022		4,805		4,841		838
191371545.SRDLC, 17.24%, 07/11/2025 (a)(q)	Lending Club		07/13/2022		3,993		4,016		3,805
191372751.SRDLC, 22.49%, 07/11/2027 (a)(q)	Lending Club		07/13/2022		8,018		8,072		7,569
191376381.SRDLC, 27.49%, 07/12/2026 (a)(q)	Lending Club		07/14/2022		3,717		3,741		3,539
191390818.SRDLC, 17.19%, 07/04/2027 (a)(q)	Lending Club		07/15/2022		35,754		35,754		33,940
191394525.SRDLC, 28.99%, 07/20/2024 (a)(l)(q)	Lending Club		07/15/2022		12,467		12,561		1,864
191397971.SRDLC, 30.49%, 07/25/2025 (a)(l)(q)	Lending Club		07/14/2022		24,948		25,135		3,730
191402564.SRDLC, 17.99%, 07/13/2024 (a)(q)	Lending Club		07/15/2022		3,464		3,480		3,364
191417288.SRDLC, 26.24%, 07/19/2027 (a)(q)	Lending Club		07/15/2022		6,649		6,696		6,324
191429544.SRDLC, 30.99%, 07/14/2025 (a)(l)(q)	Lending Club		07/18/2022		9,236		9,305		1,381
191434671.SRDLC, 13.44%, 07/14/2027 (a)(q)	Lending Club		07/18/2022		20,894		20,894		20,201
191441017.SRDLC, 9.79%, 07/19/2025 (a)(q)	Lending Club		07/21/2022		11,651		11,651		11,222
191446786.SRDLC, 22.49%, 07/26/2027 (a)(l)(q)	Lending Club		07/28/2022		4,778		4,826		330
191452895.SRDLC, 17.99%, 07/14/2025 (a)(q)	Lending Club		07/18/2022		3,855		3,878		3,676
191453578.SRDLC, 19.49%, 07/22/2025 (a)(q)	Lending Club		07/26/2022		2,004		2,020		1,909
191456870.SRDLC, 22.49%, 07/14/2025 (a)(q)	Lending Club		07/18/2022		2,425		2,440		2,306
191461644.SRDLC, 24.49%, 07/18/2025 (a)(q)	Lending Club		07/20/2022		2,969		2,993		2,843
191461742.SRDLC, 30.99%, 08/04/2025 (a)(l)(q)	Lending Club		07/22/2022		8,611		8,683		8,113
191462872.SRDLC, 22.49%, 07/28/2027 (a)(q)	Lending Club		08/01/2022		4,556		4,597		4,318
191462983.SRDLC, 28.99%, 07/21/2027 (a)(q)	Lending Club		07/25/2022		6,474		6,533		6,149
191469608.SRDLC, 20.99%, 07/16/2025 (a)(q)	Lending Club		07/18/2022		8,064		8,112		7,656
191470488.SRDLC, 28.99%, 07/14/2027 (a)(l)(q)	Lending Club		07/18/2022		8,406		8,464		7,927
191491322.SRDLC, 24.99%, 07/18/2025 (a)(q)	Lending Club		07/20/2022		3,768		3,798		3,608
191492595.SRDLC, 24.49%, 07/25/2025 (a)(q)	Lending Club		07/27/2022		2,929		2,929		2,802
191496694.SRDLC, 30.99%, 07/27/2025 (a)(l)(q)	Lending Club		07/29/2022		2,183		2,205		392
191497870.SRDLC, 30.99%, 07/22/2027 (a)(l)(q)	Lending Club		07/20/2022		14,123		14,254		13,318
191505363.SRDLC, 17.99%, 07/15/2025 (a)(q)	Lending Club		07/19/2022		8,778		8,847		8,377

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

64

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
191510625.SRDLC, 23.99%, 07/25/2027 (a)(q)	Lending Club		07/27/2022	$	28,554	$	28,554	$	27,675
191513596.SRDLC, 9.79%, 07/25/2025 (a)(q)	Lending Club		07/20/2022		9,341		9,341		9,005
191521233.SRDLC, 18.99%, 07/18/2025 (a)(q)	Lending Club		07/20/2022		4,721		4,758		4,488
191527006.SRDLC, 30.99%, 07/18/2027 (a)(q)	Lending Club		07/20/2022		4,643		4,686		4,401
191533230.SRDLC, 28.99%, 07/20/2024 (a)(q)	Lending Club		07/20/2022		1,732		1,750		1,680
191535746.SRDLC, 12.69%, 07/18/2025 (a)(q)	Lending Club		07/20/2022		4,313		4,313		4,155
191538132.SRDLC, 13.69%, 08/05/2025 (a)(q)	Lending Club		08/09/2022		12,986		12,986		12,659
191541223.SRDLC, 30.99%, 07/18/2027 (a)(q)	Lending Club		07/20/2022		12,259		12,259		11,992
191543393.SRDLC, 19.74%, 08/05/2025 (a)(q)	Lending Club		08/09/2022		28,894		28,894		27,833
191544930.SRDLC, 23.99%, 07/28/2027 (a)(q)	Lending Club		08/01/2022		16,460		16,610		15,755
191553131.SRDLC, 28.49%, 07/18/2027 (a)(l)(q)	Lending Club		07/20/2022		5,654		5,710		1,288
191559588.SRDLC, 30.99%, 07/24/2027 (a)(q)	Lending Club		07/20/2022		5,604		5,656		5,317
191559906.SRDLC, 30.99%, 07/19/2027 (a)(l)(q)	Lending Club		07/21/2022		10,490		10,595		416
191563994.SRDLC, 19.24%, 07/25/2027 (a)(q)	Lending Club		07/20/2022		8,138		8,212		7,694
191564712.SRDLC, 17.24%, 07/18/2025 (a)(q)	Lending Club		07/20/2022		1,361		1,372		1,300
191566159.SRDLC, 15.74%, 07/18/2025 (a)(q)	Lending Club		07/20/2022		5,535		5,579		5,280
191572560.SRDLC, 30.99%, 07/18/2025 (a)(q)	Lending Club		07/20/2022		2,485		2,506		2,372
191578273.SRDLC, 30.99%, 07/18/2025 (a)(q)	Lending Club		07/20/2022		2,900		2,923		2,768
191583845.SRDLC, 19.99%, 07/18/2025 (a)(q)	Lending Club		07/20/2022		1,204		1,214		1,145
191588942.SRDLC, 27.49%, 08/03/2026 (a)(l)(q)	Lending Club		07/21/2022		3,185		3,214		2,995
191601897.SRDLC, 15%, 02/02/2028 (a)(q)	Lending Club		08/04/2022		14,466		14,611		8,687
191603240.SRDLC, 14.94%, 08/02/2027 (a)(l)(q)	Lending Club		07/20/2022		14,578		14,578		13,822
191609370.SRDLC, 26.49%, 08/15/2025 (a)(q)	Lending Club		08/08/2022		10,196		10,281		9,756
191616350.SRDLC, 30.99%, 07/19/2027 (a)(q)	Lending Club		07/21/2022		5,572		5,624		5,285
191616574.SRDLC, 17.99%, 07/19/2025 (a)(q)	Lending Club		07/21/2022		6,020		6,061		5,753
191622860.SRDLC, 15.49%, 08/08/2025 (a)(l)(q)	Lending Club		08/10/2022		5,546		5,546		1,921
191622892.SRDLC, 21.49%, 07/25/2025 (a)(l)(q)	Lending Club		07/27/2022		939		948		—
191627894.SRDLC, 19.99%, 07/20/2025 (a)(q)	Lending Club		07/22/2022		7,599		7,599		7,323
191628206.SRDLC, 28.99%, 08/16/2027 (a)(q)	Lending Club		08/18/2022		17,746		17,746		17,384
191628288.SRDLC, 30.99%, 07/20/2026 (a)(q)	Lending Club		07/22/2022		3,570		3,602		3,420
191632334.SRDLC, 28.99%, 07/21/2025 (a)(q)	Lending Club		07/25/2022		2,473		2,496		2,359
191633149.SRDLC, 11.74%, 08/03/2025 (a)(l)(q)	Lending Club		07/21/2022		8,116		8,116		7,807
191652750.SRDLC, 30.99%, 07/20/2025 (a)(l)(q)	Lending Club		07/22/2022		2,125		2,143		2,018
191657624.SRDLC, 30.99%, 07/20/2025 (a)(q)	Lending Club		07/22/2022		8,285		8,351		7,917
191666463.SRDLC, 23.99%, 08/16/2027 (a)(q)	Lending Club		08/09/2022		5,599		5,599		5,419
191666661.SRDLC, 28.99%, 08/04/2025 (a)(q)	Lending Club		08/08/2022		1,691		1,691		1,589
191667074.SRDLC, 30.49%, 07/20/2027 (a)(l)(q)	Lending Club		07/22/2022		9,234		9,326		594
191667374.SRDLC, 30.99%, 07/22/2025 (a)(q)	Lending Club		07/26/2022		6,214		6,265		5,951
191667711.SRDLC, 17.99%, 07/25/2025 (a)(q)	Lending Club		07/27/2022		3,989		4,020		3,814
191667844.SRDLC, 26.24%, 07/20/2025 (a)(q)	Lending Club		07/22/2022		2,944		2,967		2,821
191674418.SRDLC, 19.74%, 08/15/2025 (a)(q)	Lending Club		08/09/2022		24,938		24,938		24,073
191676294.SRDLC, 21.49%, 07/21/2026 (a)(q)	Lending Club		07/25/2022		6,244		6,298		5,960
191678013.SRDLC, 24.99%, 07/21/2027 (a)(q)	Lending Club		07/25/2022		10,977		11,076		10,491
191680560.SRDLC, 23.49%, 07/28/2027 (a)(q)	Lending Club		07/27/2022		10,071		10,163		9,583
191694452.SRDLC, 30.99%, 07/25/2027 (a)(q)	Lending Club		07/27/2022		6,036		6,036		5,926
191695847.SRDLC, 13.09%, 07/21/2025 (a)(q)	Lending Club		07/25/2022		4,712		4,712		4,543
191699828.SRDLC, 24.49%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		8,778		8,778		8,414
191702410.SRDLC, 20.49%, 07/22/2025 (a)(q)	Lending Club		07/26/2022		1,904		1,920		1,815
191704224.SRDLC, 18.49%, 07/29/2024 (a)(l)(q)	Lending Club		07/27/2022		5,948		5,987		5,736
191705478.SRDLC, 30.99%, 07/25/2027 (a)(q)	Lending Club		07/27/2022		13,930		14,059		13,262
191705506.SRDLC, 17.99%, 07/22/2025 (a)(q)	Lending Club		07/26/2022		2,393		2,412		2,288
191706302.SRDLC, 30.99%, 07/25/2027 (a)(q)	Lending Club		07/27/2022		13,930		14,059		13,262
191714741.SRDLC, 19.74%, 07/21/2025 (a)(q)	Lending Club		07/25/2022		5,775		5,775		5,570
191716011.SRDLC, 30.99%, 01/25/2028 (a)(l)(q)	Lending Club		07/27/2022		9,543		9,638		1,652
191719298.SRDLC, 19.49%, 07/25/2025 (a)(l)(q)	Lending Club		07/27/2022		1,959		1,979		325

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

65

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
191724345.SRDLC, 13.69%, 07/25/2027 (a)(q)	Lending Club		07/25/2022	$	8,902	$	8,902	$	8,473
191725647.SRDLC, 8.09%, 08/09/2025 (a)(q)	Lending Club		08/11/2022		12,771		12,771		12,353
191728001.SRDLC, 18.99%, 08/09/2025 (a)(q)	Lending Club		07/27/2022		5,837		5,884		5,493
191729184.SRDLC, 25.99%, 08/20/2025 (a)(l)(q)	Lending Club		08/09/2022		3,894		3,933		582
191733593.SRDLC, 28.99%, 07/25/2025 (a)(q)	Lending Club		07/27/2022		989		989		940
191736763.SRDLC, 19.99%, 07/25/2025 (a)(q)	Lending Club		07/27/2022		2,342		2,361		2,252
191739118.SRDLC, 15%, 01/25/2028 (a)(l)(q)	Lending Club		07/27/2022		18,920		19,095		11,427
191740994.SRDLC, 15.99%, 07/25/2025 (a)(q)	Lending Club		07/27/2022		6,183		6,183		5,926
191742357.SRDLC, 16.49%, 07/25/2025 (a)(q)	Lending Club		07/27/2022		6,191		6,191		5,935
191744435.SRDLC, 25.74%, 07/29/2027 (a)(l)(q)	Lending Club		08/02/2022		5,251		5,303		785
191748085.SRDLC, 18.99%, 07/27/2024 (a)(q)	Lending Club		07/29/2022		1,671		1,682		1,629
191750200.SRDLC, 20.99%, 08/24/2025 (a)(l)(q)	Lending Club		08/11/2022		4,304		4,336		4,126
191756145.SRDLC, 28.99%, 07/16/2025 (a)(l)(q)	Lending Club		07/27/2022		1,318		1,318		224
191763720.SRDLC, 30.99%, 08/19/2027 (a)(l)(q)	Lending Club		08/23/2022		14,488		14,633		2,166
191766386.SRDLC, 19.99%, 07/25/2025 (a)(q)	Lending Club		07/27/2022		5,619		5,664		5,355
191767974.SRDLC, 30.99%, 07/26/2027 (a)(l)(q)	Lending Club		07/28/2022		6,351		6,415		1,511
191768960.SRDLC, 10.04%, 07/22/2025 (a)(q)	Lending Club		07/26/2022		12,049		12,049		11,613
191769272.SRDLC, 9.79%, 07/22/2025 (a)(q)	Lending Club		07/26/2022		5,437		5,437		5,240
191772278.SRDLC, 15.99%, 07/25/2025 (a)(q)	Lending Club		07/27/2022		5,946		5,992		5,681
191779417.SRDLC, 21.49%, 07/31/2027 (a)(l)(q)	Lending Club		07/28/2022		7,198		7,260		6,766
191784176.SRDLC, 24.99%, 07/25/2025 (a)(l)(q)	Lending Club		07/27/2022		17,008		17,173		16,287
191786026.SRDLC, 16.79%, 08/04/2027 (a)(q)	Lending Club		08/08/2022		36,387		36,387		35,364
191786546.SRDLC, 30.99%, 07/25/2027 (a)(q)	Lending Club		07/27/2022		5,572		5,624		5,305
191790657.SRDLC, 30.99%, 07/26/2025 (a)(l)(q)	Lending Club		07/28/2022		12,746		12,848		12,188
191793460.SRDLC, 24.99%, 07/25/2025 (a)(q)	Lending Club		07/27/2022		1,629		1,643		1,565
191794348.SRDLC, 30.99%, 08/05/2025 (a)(q)	Lending Club		08/09/2022		4,078		4,112		3,887
191797544.SRDLC, 26.99%, 07/26/2025 (a)(q)	Lending Club		07/28/2022		4,097		4,130		3,925
191803441.SRDLC, 30.99%, 07/27/2027 (a)(l)(q)	Lending Club		07/29/2022		5,913		5,972		884
191805466.SRDLC, 30.99%, 08/05/2027 (a)(q)	Lending Club		08/09/2022		9,188		9,188		8,915
191808811.SRDLC, 23.99%, 07/30/2027 (a)(l)(q)	Lending Club		07/28/2022		9,277		9,277		8,873
191810287.SRDLC, 23.99%, 08/16/2025 (a)(q)	Lending Club		08/08/2022		8,087		8,087		7,736
191811199.SRDLC, 30.99%, 08/16/2027 (a)(q)	Lending Club		08/18/2022		14,033		14,174		13,407
191813026.SRDLC, 20.99%, 07/01/2027 (a)(l)(q)	Lending Club		07/29/2022		5,067		5,113		4,763
191814695.SRDLC, 29.49%, 08/03/2026 (a)(q)	Lending Club		08/05/2022		9,029		9,109		8,614
191816048.SRDLC, 26.49%, 08/09/2027 (a)(q)	Lending Club		07/27/2022		4,707		4,707		4,429
191819541.SRDLC, 27.49%, 08/03/2027 (a)(q)	Lending Club		08/05/2022		7,450		7,519		7,052
191822419.SRDLC, 30.99%, 07/27/2025 (a)(q)	Lending Club		07/29/2022		2,900		2,924		2,782
191826397.SRDLC, 27.99%, 08/05/2025 (a)(q)	Lending Club		08/09/2022		12,659		12,654		12,036
191831931.SRDLC, 22.49%, 08/05/2027 (a)(q)	Lending Club		07/29/2022		5,565		5,616		5,227
191836440.SRDLC, 16.49%, 08/11/2025 (a)(q)	Lending Club		08/10/2022		6,885		6,885		6,662
191837686.SRDLC, 27.99%, 08/01/2025 (a)(l)(q)	Lending Club		08/03/2022		4,618		4,664		690
191845973.SRDLC, 19.99%, 07/16/2025 (a)(q)	Lending Club		07/29/2022		7,005		7,061		6,656
191847136.SRDLC, 16.49%, 07/25/2025 (a)(q)	Lending Club		07/27/2022		8,655		8,655		8,296
191849583.SRDLC, 13.19%, 08/01/2027 (a)(l)(q)	Lending Club		07/27/2022		15,364		15,364		14,791
191852821.SRDLC, 9.79%, 08/09/2025 (a)(q)	Lending Club		08/11/2022		4,814		4,814		4,657
191857399.SRDLC, 19.99%, 08/23/2025 (a)(q)	Lending Club		08/25/2022		4,130		4,164		3,961
191860902.SRDLC, 30.99%, 07/28/2025 (a)(q)	Lending Club		08/01/2022		7,096		7,163		6,803
191871219.SRDLC, 30.99%, 08/10/2027 (a)(q)	Lending Club		08/03/2022		7,384		7,458		6,959
191881989.SRDLC, 25.49%, 07/31/2025 (a)(l)(q)	Lending Club		08/01/2022		7,558		7,613		7,156
191888552.SRDLC, 30.99%, 08/05/2027 (a)(l)(q)	Lending Club		08/09/2022		8,529		8,614		2,930
191893067.SRDLC, 23.99%, 09/01/2025 (a)(q)	Lending Club		08/23/2022		4,330		4,330		4,106
191895522.SRDLC, 23.99%, 08/11/2027 (a)(q)	Lending Club		08/15/2022		32,365		32,365		31,430
191897480.SRDLC, 30.99%, 07/29/2025 (a)(l)(q)	Lending Club		08/02/2022		10,681		10,788		4,151
191899630.SRDLC, 10%, 02/16/2026 (a)(q)	Lending Club		08/16/2022		14,039		14,169		8,804
191899754.SRDLC, 17.99%, 08/10/2025 (a)(q)	Lending Club		08/08/2022		6,599		6,652		6,332

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

66

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
191903636.SRDLC, 12.24%, 08/10/2025 (a)(q)	Lending Club		07/29/2022	$	18,779	$	18,779	$	18,055
191907225.SRDLC, 14.54%, 08/05/2025 (a)(q)	Lending Club		08/09/2022		16,273		16,402		15,604
191918035.SRDLC, 18.24%, 08/26/2025 (a)(q)	Lending Club		08/30/2022		6,577		6,577		6,378
191920862.SRDLC, 30.99%, 08/01/2027 (a)(l)(q)	Lending Club		08/03/2022		18,731		18,908		17,723
191920969.SRDLC, 15%, 01/29/2028 (a)(l)(q)	Lending Club		08/02/2022		6,748		6,804		3,814
191921722.SRDLC, 30.99%, 07/29/2025 (a)(l)(q)	Lending Club		08/02/2022		1,699		1,713		1,602
191921836.SRDLC, 28.99%, 08/11/2027 (a)(q)	Lending Club		08/15/2022		13,170		13,170		12,548
191926237.SRDLC, 20.24%, 08/11/2025 (a)(q)	Lending Club		08/11/2022		828		828		798
191935262.SRDLC, 23.99%, 08/20/2027 (a)(q)	Lending Club		08/05/2022		9,064		9,064		8,822
191959068.SRDLC, 26.74%, 08/15/2025 (a)(q)	Lending Club		08/03/2022		11,088		11,180		10,525
191960059.SRDLC, 26.49%, 08/15/2024 (a)(q)	Lending Club		08/03/2022		2,199		2,214		2,132
191965103.SRDLC, 15.99%, 08/01/2025 (a)(l)(q)	Lending Club		08/03/2022		4,902		4,941		4,696
191968990.SRDLC, 17.74%, 08/01/2025 (a)(l)(q)	Lending Club		08/03/2022		2,956		2,979		2,832
191972578.SRDLC, 30.99%, 08/02/2027 (a)(q)	Lending Club		08/04/2022		6,655		6,712		6,306
191974346.SRDLC, 26.24%, 08/01/2025 (a)(l)(q)	Lending Club		08/03/2022		3,359		3,386		3,210
191974355.SRDLC, 30.99%, 08/01/2027 (a)(l)(q)	Lending Club		08/03/2022		5,625		5,677		5,322
191978351.SRDLC, 23.99%, 08/08/2027 (a)(q)	Lending Club		08/10/2022		8,739		8,739		8,471
191979431.SRDLC, 19.99%, 08/15/2025 (a)(q)	Lending Club		08/04/2022		8,344		8,412		7,972
191981138.SRDLC, 30.99%, 08/01/2027 (a)(l)(q)	Lending Club		08/03/2022		14,062		14,192		13,305
191990878.SRDLC, 16.99%, 08/15/2027 (a)(q)	Lending Club		08/17/2022		24,573		24,573		23,544
191991602.SRDLC, 30.99%, 08/07/2025 (a)(q)	Lending Club		08/04/2022		3,607		3,642		3,433
191993696.SRDLC, 27.99%, 08/08/2027 (a)(l)(q)	Lending Club		08/10/2022		22,808		22,808		4,788
191995315.SRDLC, 23.99%, 08/17/2027 (a)(q)	Lending Club		08/15/2022		9,292		9,292		9,029
191997758.SRDLC, 26.49%, 08/02/2027 (a)(q)	Lending Club		08/04/2022		23,237		23,450		22,271
192003946.SRDLC, 24.99%, 08/03/2025 (a)(l)(q)	Lending Club		08/05/2022		16,217		16,379		2,501
192010930.SRDLC, 30.99%, 08/08/2026 (a)(q)	Lending Club		08/10/2022		1,359		1,371		1,301
192020118.SRDLC, 30.99%, 08/23/2027 (a)(q)	Lending Club		08/25/2022		16,878		17,041		16,157
192023144.SRDLC, 23.99%, 08/30/2027 (a)(q)	Lending Club		08/11/2022		9,116		9,116		8,782
192024041.SRDLC, 24.99%, 08/29/2025 (a)(q)	Lending Club		08/31/2022		6,185		6,232		5,891
192027703.SRDLC, 14.19%, 08/02/2027 (a)(l)(q)	Lending Club		08/04/2022		5,785		5,785		5,532
192030771.SRDLC, 27.49%, 08/20/2027 (a)(l)(q)	Lending Club		08/05/2022		5,528		5,579		5,284
192039955.SRDLC, 26.49%, 08/19/2025 (a)(q)	Lending Club		08/08/2022		6,142		6,142		5,876
192040896.SRDLC, 28.99%, 08/16/2025 (a)(q)	Lending Club		08/11/2022		10,258		10,344		9,814
192046955.SRDLC, 24.49%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		8,360		8,360		8,013
192047796.SRDLC, 30.99%, 08/19/2027 (a)(q)	Lending Club		08/23/2022		22,499		22,499		22,105
192054809.SRDLC, 13.19%, 08/12/2027 (a)(l)(q)	Lending Club		08/05/2022		12,215		12,215		11,878
192055314.SRDLC, 15.99%, 08/05/2025 (a)(q)	Lending Club		08/09/2022		5,482		5,482		5,304
192063068.SRDLC, 27.99%, 08/07/2025 (a)(q)	Lending Club		08/08/2022		2,030		2,047		1,933
192063849.SRDLC, 23.49%, 08/23/2027 (a)(q)	Lending Club		08/23/2022		18,343		18,343		17,380
192065862.SRDLC, 16.49%, 08/10/2027 (a)(q)	Lending Club		08/12/2022		3,636		3,636		3,536
192067979.SRDLC, 10.74%, 08/03/2025 (a)(q)	Lending Club		08/05/2022		1,448		1,448		1,411
192069607.SRDLC, 14.54%, 08/05/2025 (a)(q)	Lending Club		08/22/2022		6,221		6,271		5,982
192073469.SRDLC, 30.99%, 08/27/2027 (a)(q)	Lending Club		08/23/2022		18,917		19,085		18,094
192075255.SRDLC, 23.99%, 08/03/2027 (a)(q)	Lending Club		08/05/2022		9,617		9,617		9,306
192078630.SRDLC, 26.49%, 08/10/2026 (a)(q)	Lending Club		08/12/2022		4,484		4,524		4,339
192079366.SRDLC, 28.74%, 08/23/2027 (a)(q)	Lending Club		08/10/2022		10,298		10,401		9,868
192079662.SRDLC, 29.49%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		7,280		7,280		6,854
192088574.SRDLC, 14.19%, 08/15/2027 (a)(l)(q)	Lending Club		08/08/2022		23,216		23,216		3,471
192091160.SRDLC, 30.99%, 08/22/2025 (a)(q)	Lending Club		08/24/2022		5,097		5,140		4,905
192095084.SRDLC, 23.99%, 08/04/2027 (a)(q)	Lending Club		08/08/2022		12,021		12,021		11,645
192107400.SRDLC, 16.49%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		4,091		4,091		3,920
192107870.SRDLC, 23.99%, 08/04/2027 (a)(q)	Lending Club		08/08/2022		9,247		9,247		8,957
192107991.SRDLC, 12.99%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		6,480		6,480		6,322
192113123.SRDLC, 21.49%, 08/23/2027 (a)(q)	Lending Club		08/25/2022		6,438		6,497		6,167
192117523.SRDLC, 23.49%, 08/03/2025 (a)(q)	Lending Club		08/04/2022		3,004		3,004		2,858

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

67

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
192120626.SRDLC, 25.49%, 08/05/2027 (a)(q)	Lending Club		08/09/2022	$	5,006	$	5,052	$	4,805
192122475.SRDLC, 22.49%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		5,531		5,531		5,400
192123907.SRDLC, 21.99%, 08/05/2025 (a)(q)	Lending Club		08/09/2022		7,475		7,535		7,129
192130656.SRDLC, 28.99%, 08/05/2024 (a)(q)	Lending Club		08/09/2022		1,820		1,832		1,764
192131702.SRDLC, 19.69%, 08/15/2027 (a)(q)	Lending Club		08/05/2022		13,850		13,850		13,075
192132332.SRDLC, 12.99%, 08/04/2025 (a)(q)	Lending Club		08/08/2022		1,620		1,620		1,579
192134408.SRDLC, 15.99%, 08/05/2025 (a)(q)	Lending Club		08/09/2022		1,471		1,471		1,422
192135953.SRDLC, 20.24%, 08/10/2025 (a)(q)	Lending Club		08/12/2022		4,133		4,133		3,986
192139310.SRDLC, 23.99%, 08/05/2027 (a)(q)	Lending Club		08/09/2022		13,871		13,871		13,441
192143591.SRDLC, 20.24%, 08/15/2027 (a)(q)	Lending Club		08/17/2022		20,177		20,177		19,634
192143725.SRDLC, 23.99%, 08/05/2027 (a)(q)	Lending Club		08/09/2022		1,814		1,814		1,758
192143904.SRDLC, 19.69%, 09/13/2025 (a)(l)(q)	Lending Club		09/15/2022		8,972		8,883		1,966
192144590.SRDLC, 20.74%, 08/23/2027 (a)(q)	Lending Club		08/19/2022		16,590		16,742		15,886
192147934.SRDLC, 16.69%, 08/22/2027 (a)(q)	Lending Club		08/10/2022		22,902		22,902		22,000
192153817.SRDLC, 30.99%, 08/15/2025 (a)(q)	Lending Club		08/10/2022		2,055		2,072		1,965
192156519.SRDLC, 22.99%, 08/10/2027 (a)(q)	Lending Club		08/12/2022		18,455		18,455		17,902
192157437.SRDLC, 25.99%, 08/19/2025 (a)(l)(q)	Lending Club		08/23/2022		19,027		19,027		18,308
192165204.SRDLC, 12.99%, 08/18/2024 (a)(q)	Lending Club		08/16/2022		1,390		1,390		1,363
192165868.SRDLC, 30.99%, 08/19/2027 (a)(l)(q)	Lending Club		08/10/2022		11,210		11,321		10,725
192173279.SRDLC, 27.99%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		12,651		12,651		12,182
192183697.SRDLC, 22.99%, 08/19/2025 (a)(q)	Lending Club		08/10/2022		4,297		4,297		4,155
192185539.SRDLC, 30.99%, 08/05/2027 (a)(l)(q)	Lending Club		08/09/2022		4,530		4,530		4,409
192187274.SRDLC, 15.74%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		14,696		14,813		14,099
192192717.SRDLC, 10.99%, 08/10/2027 (a)(q)	Lending Club		08/12/2022		11,649		11,649		11,393
192193246.SRDLC, 16.99%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		2,048		2,065		1,965
192198013.SRDLC, 30.99%, 08/15/2027 (a)(q)	Lending Club		08/12/2022		13,960		14,089		13,341
192198391.SRDLC, 28.99%, 08/22/2027 (a)(q)	Lending Club		08/24/2022		8,966		8,966		8,811
192200565.SRDLC, 24.99%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		12,556		12,659		12,037
192205187.SRDLC, 30.99%, 08/15/2027 (a)(l)(q)	Lending Club		08/10/2022		7,624		7,695		7,208
192209553.SRDLC, 30.99%, 08/15/2027 (a)(q)	Lending Club		08/10/2022		6,606		6,668		6,292
192215872.SRDLC, 26.24%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		5,710		5,757		5,493
192219742.SRDLC, 28.99%, 08/15/2027 (a)(l)(q)	Lending Club		08/17/2022		10,724		10,724		—
192223354.SRDLC, 23.99%, 08/08/2027 (a)(q)	Lending Club		08/10/2022		36,989		36,989		35,858
192228291.SRDLC, 30.74%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		2,038		2,055		1,944
192229952.SRDLC, 18.99%, 08/10/2025 (a)(q)	Lending Club		08/12/2022		5,767		5,814		5,504
192235260.SRDLC, 23.99%, 08/08/2027 (a)(q)	Lending Club		08/10/2022		8,184		8,184		7,934
192237494.SRDLC, 20.49%, 08/25/2027 (a)(q)	Lending Club		08/12/2022		5,556		5,556		5,414
192238273.SRDLC, 30.99%, 08/02/2025 (a)(l)(q)	Lending Club		09/01/2022		3,138		3,166		2,979
192238825.SRDLC, 20.74%, 08/08/2027 (a)(q)	Lending Club		08/10/2022		17,744		17,744		17,239
192242182.SRDLC, 17.49%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		2,954		2,977		2,834
192244514.SRDLC, 18.69%, 08/28/2024 (a)(l)(q)	Lending Club		08/30/2022		2,687		2,687		2,623
192247384.SRDLC, 24.49%, 08/08/2027 (a)(q)	Lending Club		08/10/2022		11,108		11,210		10,664
192249815.SRDLC, 28.99%, 08/22/2025 (a)(l)(q)	Lending Club		08/24/2022		6,065		6,065		5,752
192252812.SRDLC, 25.99%, 08/18/2025 (a)(q)	Lending Club		08/22/2022		20,980		20,980		20,249
192252952.SRDLC, 29.49%, 08/17/2027 (a)(q)	Lending Club		08/10/2022		5,652		5,652		5,513
192256223.SRDLC, 19.99%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		4,129		4,161		3,939
192261309.SRDLC, 19.99%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		7,435		7,495		7,092
192264548.SRDLC, 19.99%, 08/08/2025 (a)(l)(q)	Lending Club		08/10/2022		2,123		2,144		794
192264740.SRDLC, 19.99%, 08/08/2025 (a)(l)(q)	Lending Club		08/10/2022		8,356		8,440		3,072
192266752.SRDLC, 16.49%, 08/08/2027 (a)(q)	Lending Club		08/10/2022		9,541		9,541		9,127
192269870.SRDLC, 30.99%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		850		857		810
192274785.SRDLC, 25.99%, 08/08/2026 (a)(q)	Lending Club		08/10/2022		4,480		4,519		4,331
192275572.SRDLC, 17.99%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		1,136		1,145		1,097
192276261.SRDLC, 19.44%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		16,498		16,498		15,899
192281994.SRDLC, 23.99%, 08/09/2027 (a)(l)(q)	Lending Club		08/11/2022		945		945		193

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

68

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
192283274.SRDLC, 24.99%, 08/11/2025 (a)(q)	Lending Club		08/15/2022	$	3,516	$	3,544	$	3,378
192283329.SRDLC, 16.99%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		8,193		8,259		7,862
192289140.SRDLC, 27.99%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		4,217		4,252		4,022
192289776.SRDLC, 12.54%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		24,268		24,268		23,659
192292011.SRDLC, 28.99%, 08/08/2026 (a)(q)	Lending Club		08/10/2022		1,623		1,638		1,554
192292446.SRDLC, 23.99%, 08/09/2027 (a)(q)	Lending Club		08/11/2022		11,004		11,004		10,672
192292509.SRDLC, 18.49%, 08/09/2025 (a)(q)	Lending Club		08/11/2022		8,227		8,227		7,931
192292874.SRDLC, 17.99%, 08/12/2025 (a)(q)	Lending Club		08/16/2022		2,876		2,899		2,763
192294945.SRDLC, 20.99%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		7,166		7,231		6,872
192295500.SRDLC, 20.99%, 08/22/2025 (a)(q)	Lending Club		08/10/2022		8,362		8,431		8,011
192296019.SRDLC, 30.99%, 08/02/2027 (a)(q)	Lending Club		08/17/2022		5,152		5,152		5,043
192297284.SRDLC, 19.99%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		2,272		2,290		2,167
192299352.SRDLC, 25.99%, 08/25/2025 (a)(q)	Lending Club		08/12/2022		4,245		4,245		4,095
192302596.SRDLC, 19.99%, 08/08/2025 (a)(q)	Lending Club		08/10/2022		1,652		1,666		1,576
192303177.SRDLC, 24.99%, 08/10/2025 (a)(q)	Lending Club		08/12/2022		3,348		3,376		3,213
192306426.SRDLC, 19.99%, 08/26/2025 (a)(q)	Lending Club		08/30/2022		4,291		4,327		4,123
192308073.SRDLC, 18.74%, 08/08/2027 (a)(q)	Lending Club		08/10/2022		20,107		20,289		19,156
192322092.SRDLC, 10.79%, 08/15/2025 (a)(q)	Lending Club		08/11/2022		12,142		12,142		11,758
192324514.SRDLC, 23.99%, 08/03/2025 (a)(q)	Lending Club		08/15/2022		12,432		12,533		11,934
192333305.SRDLC, 23.99%, 08/16/2027 (a)(q)	Lending Club		08/12/2022		13,940		13,940		13,505
192333734.SRDLC, 30.49%, 09/17/2027 (a)(q)	Lending Club		09/07/2022		12,466		12,591		11,872
192335280.SRDLC, 12.74%, 08/16/2025 (a)(q)	Lending Club		08/12/2022		19,475		19,475		18,873
192336857.SRDLC, 19.74%, 08/16/2025 (a)(q)	Lending Club		08/18/2022		12,389		12,389		11,956
192338100.SRDLC, 14.69%, 08/11/2027 (a)(q)	Lending Club		08/15/2022		10,859		10,859		10,395
192338257.SRDLC, 18.49%, 08/09/2025 (a)(q)	Lending Club		08/11/2022		20,568		20,734		19,746
192340092.SRDLC, 27.99%, 08/10/2025 (a)(l)(q)	Lending Club		08/12/2022		6,717		6,717		6,450
192344065.SRDLC, 12.74%, 08/09/2025 (a)(q)	Lending Club		08/11/2022		1,619		1,619		1,578
192350217.SRDLC, 13.99%, 08/15/2025 (a)(q)	Lending Club		08/11/2022		8,964		8,964		8,749
192356023.SRDLC, 23.99%, 08/15/2025 (a)(q)	Lending Club		08/15/2022		10,046		10,046		9,608
192356215.SRDLC, 8.09%, 08/25/2025 (a)(q)	Lending Club		08/11/2022		13,073		13,073		12,813
192359015.SRDLC, 13.99%, 08/10/2027 (a)(q)	Lending Club		08/12/2022		7,226		7,226		7,070
192359087.SRDLC, 30.99%, 08/10/2027 (a)(l)(q)	Lending Club		08/12/2022		7,699		7,776		2,673
192359709.SRDLC, 30.99%, 08/10/2025 (a)(q)	Lending Club		08/12/2022		2,400		2,420		2,292
192367518.SRDLC, 13.39%, 08/11/2025 (a)(q)	Lending Club		08/15/2022		22,712		22,712		22,175
192370079.SRDLC, 30.49%, 08/20/2027 (a)(l)(q)	Lending Club		08/12/2022		13,515		13,650		12,867
192373124.SRDLC, 30.99%, 08/30/2026 (a)(l)(q)	Lending Club		09/01/2022		1,067		1,077		119
192373917.SRDLC, 25.49%, 09/01/2025 (a)(l)(q)	Lending Club		08/24/2022		4,162		4,197		3,953
192379595.SRDLC, 13.99%, 08/15/2027 (a)(q)	Lending Club		08/17/2022		14,453		14,453		14,145
192385569.SRDLC, 24.99%, 08/15/2025 (a)(q)	Lending Club		08/15/2022		4,198		4,198		4,015
192388823.SRDLC, 22.24%, 08/11/2025 (a)(q)	Lending Club		08/15/2022		8,196		8,262		7,840
192388893.SRDLC, 29.49%, 08/18/2027 (a)(q)	Lending Club		08/16/2022		11,288		11,288		10,993
192390755.SRDLC, 10.54%, 08/26/2025 (a)(q)	Lending Club		08/15/2022		9,706		9,706		9,401
192398119.SRDLC, 8.59%, 08/16/2025 (a)(q)	Lending Club		08/25/2022		9,574		9,574		9,269
192400720.SRDLC, 22.99%, 08/14/2027 (a)(q)	Lending Club		08/16/2022		9,241		9,241		8,968
192404623.SRDLC, 23.99%, 08/26/2027 (a)(q)	Lending Club		08/22/2022		3,863		3,863		3,756
192407409.SRDLC, 10.29%, 08/03/2025 (a)(q)	Lending Club		08/16/2022		9,612		9,612		9,294
192409831.SRDLC, 23.49%, 08/11/2027 (a)(q)	Lending Club		08/15/2022		13,856		13,983		13,322
192410539.SRDLC, 30.99%, 08/11/2027 (a)(l)(q)	Lending Club		08/15/2022		4,739		4,786		757
192413613.SRDLC, 20.99%, 08/11/2024 (a)(q)	Lending Club		08/15/2022		3,593		3,616		3,493
192416611.SRDLC, 10.79%, 08/12/2025 (a)(q)	Lending Club		08/16/2022		13,684		13,684		13,255
192420352.SRDLC, 16.69%, 08/12/2027 (a)(q)	Lending Club		08/16/2022		32,741		32,741		31,359
192422507.SRDLC, 11.84%, 08/24/2025 (a)(q)	Lending Club		08/26/2022		24,218		24,218		23,477
192427492.SRDLC, 17.89%, 08/12/2025 (a)(l)(q)	Lending Club		08/16/2022		5,642		5,642		1,178
192427494.SRDLC, 23.99%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		13,024		13,024		12,629
192428920.SRDLC, 16.24%, 08/18/2027 (a)(q)	Lending Club		08/22/2022		13,627		13,627		13,270

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

69

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
192431792.SRDLC, 21.49%, 08/15/2027 (a)(q)	Lending Club		08/17/2022	$	9,197	$	9,197	$	8,690
192435997.SRDLC, 10.29%, 08/26/2025 (a)(q)	Lending Club		08/30/2022		5,303		5,303		5,143
192439827.SRDLC, 18.99%, 08/20/2025 (a)(q)	Lending Club		08/16/2022		4,971		4,971		4,796
192441361.SRDLC, 28.99%, 08/22/2027 (a)(q)	Lending Club		08/24/2022		11,208		11,208		11,013
192442933.SRDLC, 30.99%, 09/07/2025 (a)(q)	Lending Club		09/09/2022		3,915		3,949		3,730
192448747.SRDLC, 23.99%, 08/15/2025 (a)(l)(q)	Lending Club		08/17/2022		2,307		2,307		345
192450920.SRDLC, 25.49%, 08/12/2027 (a)(q)	Lending Club		08/16/2022		5,566		5,617		5,357
192462667.SRDLC, 20.24%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		8,267		8,267		7,985
192464895.SRDLC, 28.49%, 08/25/2027 (a)(l)(q)	Lending Club		08/16/2022		14,134		14,274		13,523
192465706.SRDLC, 19.74%, 08/12/2025 (a)(q)	Lending Club		08/16/2022		3,302		3,329		3,156
192468264.SRDLC, 28.99%, 08/12/2024 (a)(q)	Lending Club		08/16/2022		728		733		709
192468743.SRDLC, 10.79%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		3,219		3,219		3,117
192470047.SRDLC, 32.39%, 09/01/2027 (a)(l)(q)	Lending Club		08/23/2022		20,000		20,000		2,990
192474798.SRDLC, 18.24%, 08/01/2025 (a)(q)	Lending Club		08/17/2022		4,892		4,892		4,704
192479865.SRDLC, 23.74%, 08/17/2025 (a)(q)	Lending Club		08/19/2022		8,344		8,344		8,097
192481710.SRDLC, 14.69%, 08/15/2027 (a)(q)	Lending Club		08/17/2022		25,338		25,338		24,267
192483374.SRDLC, 17.49%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		10,666		10,666		10,240
192486061.SRDLC, 10.49%, 08/12/2026 (a)(q)	Lending Club		08/16/2022		16,156		16,156		15,846
192496351.SRDLC, 30.99%, 08/26/2025 (a)(l)(q)	Lending Club		08/30/2022		14,000		14,140		2,093
192511932.SRDLC, 18.24%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		640		640		618
192512046.SRDLC, 24.99%, 08/29/2027 (a)(l)(q)	Lending Club		08/31/2022		3,746		3,746		3,616
192512188.SRDLC, 25.99%, 08/16/2027 (a)(q)	Lending Club		08/18/2022		4,457		4,457		4,279
192514171.SRDLC, 7.59%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		4,383		4,383		4,292
192516798.SRDLC, 25.99%, 08/17/2027 (a)(q)	Lending Club		08/19/2022		10,132		10,132		9,853
192518141.SRDLC, 16.24%, 08/04/2025 (a)(l)(q)	Lending Club		08/17/2022		7,000		7,000		6,778
192520209.SRDLC, 28.99%, 08/17/2024 (a)(l)(q)	Lending Club		08/19/2022		1,145		1,153		1,112
192521291.SRDLC, 24.44%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		3,959		3,959		3,835
192526019.SRDLC, 28.49%, 08/19/2027 (a)(q)	Lending Club		08/23/2022		6,065		6,065		5,956
192526453.SRDLC, 19.99%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		187		187		185
192533157.SRDLC, 16.74%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		6,141		6,190		5,902
192539008.SRDLC, 8.84%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		23,201		23,201		22,460
192540719.SRDLC, 10.54%, 08/19/2025 (a)(q)	Lending Club		08/17/2022		10,309		10,309		9,988
192541375.SRDLC, 17.69%, 08/07/2025 (a)(q)	Lending Club		08/17/2022		4,083		4,083		3,955
192544068.SRDLC, 25.49%, 08/17/2027 (a)(q)	Lending Club		08/19/2022		4,638		4,681		4,469
192545623.SRDLC, 25.74%, 08/17/2027 (a)(q)	Lending Club		08/19/2022		10,209		10,209		9,930
192552195.SRDLC, 26.49%, 08/16/2027 (a)(l)(q)	Lending Club		08/18/2022		4,918		4,918		—
192555420.SRDLC, 26.99%, 08/15/2024 (a)(q)	Lending Club		08/17/2022		2,186		2,201		2,120
192557901.SRDLC, 11.29%, 08/16/2025 (a)(q)	Lending Club		08/18/2022		6,931		6,931		6,712
192557988.SRDLC, 17.99%, 08/15/2025 (a)(q)	Lending Club		08/17/2022		11,343		11,436		10,899
192559734.SRDLC, 9.09%, 08/16/2025 (a)(q)	Lending Club		08/18/2022		9,608		9,608		9,302
192560879.SRDLC, 19.69%, 08/16/2025 (a)(q)	Lending Club		08/18/2022		4,953		4,953		4,785
192561494.SRDLC, 15.19%, 08/30/2025 (a)(l)(q)	Lending Club		09/01/2022		3,146		3,146		471
192565665.SRDLC, 28.99%, 08/30/2027 (a)(l)(q)	Lending Club		08/24/2022		14,245		14,245		13,706
192568630.SRDLC, 20.99%, 08/16/2025 (a)(q)	Lending Club		08/18/2022		9,940		10,021		9,511
192569769.SRDLC, 22.74%, 08/30/2027 (a)(l)(q)	Lending Club		08/18/2022		18,625		18,625		5,614
192570177.SRDLC, 19.99%, 08/16/2025 (a)(q)	Lending Club		08/18/2022		3,304		3,331		3,161
192575011.SRDLC, 30.99%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		6,090		6,138		5,771
192578311.SRDLC, 26.99%, 08/16/2025 (a)(l)(q)	Lending Club		08/18/2022		4,621		4,667		743
192578477.SRDLC, 19.49%, 08/16/2025 (a)(q)	Lending Club		08/18/2022		5,502		5,547		5,263
192579359.SRDLC, 32.39%, 08/08/2027 (a)(q)	Lending Club		08/18/2022		9,070		9,161		8,666
192582047.SRDLC, 15.74%, 08/17/2025 (a)(q)	Lending Club		08/19/2022		9,144		9,144		8,862
192585807.SRDLC, 25.99%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		5,874		5,874		5,673
192588957.SRDLC, 32.39%, 08/30/2027 (a)(l)(q)	Lending Club		08/22/2022		19,661		19,858		—
192590629.SRDLC, 30.99%, 09/02/2025 (a)(l)(q)	Lending Club		08/23/2022		3,087		3,113		2,929
192593103.SRDLC, 28.99%, 08/19/2025 (a)(q)	Lending Club		08/18/2022		2,878		2,902		2,761

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

70

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
192595259.SRDLC, 18.49%, 08/01/2025 (a)(l)(q)	Lending Club		08/18/2022	$	3,384	$	3,412	$	3,241
192596654.SRDLC, 6.79%, 08/16/2025 (a)(q)	Lending Club		08/18/2022		14,310		14,310		14,011
192601175.SRDLC, 28.49%, 08/16/2025 (a)(l)(q)	Lending Club		08/18/2022		4,531		4,576		763
192603694.SRDLC, 11.29%, 08/25/2025 (a)(q)	Lending Club		08/29/2022		7,848		7,848		7,613
192604561.SRDLC, 23.99%, 08/17/2025 (a)(l)(q)	Lending Club		08/19/2022		3,590		3,590		3,440
192605471.SRDLC, 10.79%, 08/18/2025 (a)(l)(q)	Lending Club		08/22/2022		3,136		3,136		3,038
192605521.SRDLC, 25.99%, 08/21/2025 (a)(l)(q)	Lending Club		08/18/2022		7,962		8,030		7,659
192606607.SRDLC, 18.94%, 08/18/2025 (a)(q)	Lending Club		08/22/2022		8,238		8,238		7,968
192607073.SRDLC, 29.99%, 08/19/2027 (a)(q)	Lending Club		08/23/2022		8,422		8,422		8,273
192608111.SRDLC, 23.49%, 08/17/2027 (a)(q)	Lending Club		08/19/2022		7,390		7,458		7,116
192608673.SRDLC, 30.99%, 08/17/2025 (a)(q)	Lending Club		08/19/2022		4,248		4,283		4,075
192609947.SRDLC, 25.99%, 09/15/2025 (a)(l)(q)	Lending Club		08/25/2022		7,360		7,360		7,048
192610948.SRDLC, 23.49%, 08/24/2025 (a)(q)	Lending Club		08/26/2022		7,921		7,987		7,648
192612289.SRDLC, 30.99%, 08/22/2027 (a)(q)	Lending Club		08/24/2022		5,625		5,677		5,395
192613924.SRDLC, 19.94%, 08/30/2027 (a)(l)(q)	Lending Club		08/22/2022		24,287		24,287		23,516
192614412.SRDLC, 25.99%, 08/17/2025 (a)(q)	Lending Club		08/19/2022		20,140		20,307		19,391
192615132.SRDLC, 22.99%, 08/17/2025 (a)(q)	Lending Club		08/19/2022		7,079		7,128		6,801
192620926.SRDLC, 25.99%, 08/17/2025 (a)(q)	Lending Club		08/19/2022		1,259		1,269		1,212
192622579.SRDLC, 16.49%, 08/19/2027 (a)(q)	Lending Club		08/23/2022		22,021		22,021		21,448
192624533.SRDLC, 24.74%, 08/18/2025 (a)(q)	Lending Club		08/22/2022		5,019		5,019		4,809
192625413.SRDLC, 21.19%, 08/18/2027 (a)(q)	Lending Club		08/22/2022		28,493		28,493		27,762
192629073.SRDLC, 32.39%, 08/19/2027 (a)(q)	Lending Club		08/23/2022		14,097		14,228		13,516
192631895.SRDLC, 19.99%, 08/17/2025 (a)(q)	Lending Club		08/19/2022		8,261		8,328		7,906
192634375.SRDLC, 13.99%, 08/17/2025 (a)(q)	Lending Club		08/19/2022		32,494		32,494		31,711
192637025.SRDLC, 30.99%, 08/18/2025 (a)(q)	Lending Club		08/22/2022		3,058		3,084		2,939
192639185.SRDLC, 25.99%, 08/19/2027 (a)(q)	Lending Club		08/23/2022		10,639		10,639		10,356
192640791.SRDLC, 30.99%, 08/28/2025 (a)(l)(q)	Lending Club		08/22/2022		1,742		1,760		1,669
192642788.SRDLC, 30.99%, 02/25/2028 (a)(l)(q)	Lending Club		08/29/2022		5,731		5,788		1,362
192642800.SRDLC, 30.99%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		3,921		3,955		3,762
192645606.SRDLC, 16.19%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		8,175		8,175		7,929
192646300.SRDLC, 30.99%, 08/26/2025 (a)(l)(q)	Lending Club		08/30/2022		4,416		4,453		4,264
192654942.SRDLC, 28.99%, 08/19/2027 (a)(q)	Lending Club		08/23/2022		11,208		11,208		11,008
192655658.SRDLC, 24.49%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		6,688		6,688		6,410
192655928.SRDLC, 24.99%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		6,672		6,672		6,515
192657341.SRDLC, 28.99%, 08/27/2027 (a)(l)(q)	Lending Club		08/23/2022		11,816		11,816		1,766
192659696.SRDLC, 23.99%, 08/16/2025 (a)(q)	Lending Club		08/23/2022		2,582		2,582		2,472
192662250.SRDLC, 29.49%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		21,162		21,162		20,095
192662590.SRDLC, 26.49%, 08/04/2025 (a)(l)(q)	Lending Club		08/23/2022		7,385		7,385		7,108
192666442.SRDLC, 20.49%, 08/31/2027 (a)(l)(q)	Lending Club		08/30/2022		11,175		11,175		10,821
192668831.SRDLC, 22.49%, 08/23/2027 (a)(q)	Lending Club		08/25/2022		20,279		20,279		19,776
192668976.SRDLC, 22.49%, 08/22/2027 (a)(q)	Lending Club		08/24/2022		4,609		4,609		4,493
192670626.SRDLC, 23.99%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		3,340		3,340		3,201
192671256.SRDLC, 32.39%, 08/17/2027 (a)(q)	Lending Club		08/23/2022		18,740		18,740		18,455
192681682.SRDLC, 29.49%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		16,930		16,930		16,076
192682285.SRDLC, 15.99%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		8,170		8,170		7,854
192691357.SRDLC, 16.49%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		8,182		8,182		7,866
192691765.SRDLC, 30.99%, 08/28/2025 (a)(q)	Lending Club		08/23/2022		2,146		2,164		2,057
192694158.SRDLC, 25.99%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		5,035		5,035		4,862
192694190.SRDLC, 21.99%, 08/19/2027 (a)(q)	Lending Club		08/23/2022		6,445		6,503		6,173
192698444.SRDLC, 11.29%, 09/01/2025 (a)(q)	Lending Club		09/06/2022		14,536		14,418		14,069
192702036.SRDLC, 26.49%, 08/19/2027 (a)(q)	Lending Club		08/23/2022		11,154		11,154		10,731
192704436.SRDLC, 16.94%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		20,020		20,020		19,234
192708355.SRDLC, 32.39%, 08/19/2027 (a)(l)(q)	Lending Club		08/23/2022		17,815		17,993		17,069
192713407.SRDLC, 18.99%, 08/19/2025 (a)(q)	Lending Club		08/23/2022		2,472		2,492		2,368
192726339.SRDLC, 24.49%, 08/22/2025 (a)(q)	Lending Club		08/24/2022		2,508		2,508		2,405

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

71

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
192743045.SRDLC, 21.99%, 08/22/2025 (a)(q)	Lending Club		08/24/2022	$	161	$	163	$	160
192743620.SRDLC, 17.24%, 08/23/2025 (a)(q)	Lending Club		08/25/2022		3,280		3,306		3,158
192746030.SRDLC, 25.49%, 09/12/2027 (a)(q)	Lending Club		09/14/2022		25,126		24,892		24,373
192747854.SRDLC, 32.39%, 08/24/2027 (a)(l)(q)	Lending Club		08/26/2022		5,451		5,502		5,225
192749125.SRDLC, 32.39%, 08/22/2027 (a)(q)	Lending Club		08/24/2022		11,442		11,442		11,250
192753365.SRDLC, 30.99%, 08/22/2027 (a)(l)(q)	Lending Club		08/24/2022		11,826		11,945		1,768
192758531.SRDLC, 20.49%, 09/16/2024 (a)(q)	Lending Club		09/20/2022		10,754		10,834		10,448
192759832.SRDLC, 22.99%, 08/22/2027 (a)(q)	Lending Club		08/24/2022		22,146		22,146		21,574
192763465.SRDLC, 15%, 12/22/2025 (a)(l)(q)	Lending Club		08/24/2022		23,076		23,300		15,846
192766943.SRDLC, 22.99%, 08/29/2027 (a)(l)(q)	Lending Club		08/31/2022		16,795		16,940		16,040
192771675.SRDLC, 25.99%, 08/22/2027 (a)(q)	Lending Club		08/24/2022		15,785		15,785		15,383
192775167.SRDLC, 26.99%, 08/22/2025 (a)(q)	Lending Club		08/24/2022		2,524		2,545		2,427
192776232.SRDLC, 29.99%, 08/22/2025 (a)(q)	Lending Club		08/24/2022		5,085		5,128		4,892
192776777.SRDLC, 30.74%, 08/30/2025 (a)(l)(q)	Lending Club		09/01/2022		2,609		2,632		2,473
192777570.SRDLC, 26.99%, 08/12/2025 (a)(q)	Lending Club		08/24/2022		6,237		6,264		5,961
192780614.SRDLC, 23.99%, 08/22/2027 (a)(q)	Lending Club		08/24/2022		4,624		4,666		4,462
192782972.SRDLC, 15.44%, 08/22/2025 (a)(q)	Lending Club		08/24/2022		1,680		1,680		1,632
192784709.SRDLC, 11.99%, 08/22/2025 (a)(q)	Lending Club		08/24/2022		8,076		8,076		7,827
192789922.SRDLC, 25.99%, 09/06/2027 (a)(q)	Lending Club		09/08/2022		12,196		12,082		11,809
192792740.SRDLC, 30.99%, 08/30/2025 (a)(l)(q)	Lending Club		09/01/2022		10,440		10,532		9,899
192796294.SRDLC, 9.09%, 09/01/2025 (a)(l)(q)	Lending Club		09/06/2022		7,436		7,376		7,193
192796437.SRDLC, 22.49%, 08/22/2025 (a)(q)	Lending Club		08/24/2022		4,158		4,192		3,988
192797845.SRDLC, 30.99%, 08/10/2025 (a)(q)	Lending Club		08/26/2022		5,854		5,904		5,590
192800194.SRDLC, 20.99%, 08/23/2025 (a)(q)	Lending Club		08/25/2022		5,798		5,846		5,562
192807692.SRDLC, 26.74%, 08/25/2025 (a)(q)	Lending Club		08/24/2022		10,120		10,205		9,714
192809365.SRDLC, 23.99%, 08/22/2025 (a)(l)(q)	Lending Club		08/24/2022		21,966		21,966		21,043
192809620.SRDLC, 27.99%, 08/22/2025 (a)(l)(q)	Lending Club		08/24/2022		2,752		2,779		669
192810627.SRDLC, 19.94%, 08/23/2025 (a)(q)	Lending Club		08/25/2022		4,956		4,956		4,799
192814693.SRDLC, 30.99%, 08/22/2025 (a)(q)	Lending Club		08/24/2022		615		619		597
192815018.SRDLC, 20.99%, 08/25/2025 (a)(q)	Lending Club		08/29/2022		4,970		5,011		4,774
192817165.SRDLC, 30.99%, 08/22/2027 (a)(l)(q)	Lending Club		08/24/2022		11,208		11,320		10,746
192817671.SRDLC, 22.99%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		4,268		4,307		4,068
192817846.SRDLC, 25.99%, 08/22/2025 (a)(q)	Lending Club		08/24/2022		3,521		3,550		3,397
192821713.SRDLC, 29.49%, 08/22/2027 (a)(q)	Lending Club		08/24/2022		3,740		3,740		3,656
192822780.SRDLC, 22.49%, 08/22/2025 (a)(q)	Lending Club		08/24/2022		20,791		20,962		19,940
192824567.SRDLC, 19.74%, 08/23/2025 (a)(q)	Lending Club		08/25/2022		2,642		2,663		2,531
192826738.SRDLC, 28.99%, 08/23/2025 (a)(q)	Lending Club		08/25/2022		1,268		1,279		1,221
192832835.SRDLC, 30.99%, 09/04/2027 (a)(q)	Lending Club		08/25/2022		11,483		11,598		10,748
192835380.SRDLC, 22.99%, 08/23/2025 (a)(q)	Lending Club		08/25/2022		5,413		5,457		5,223
192836364.SRDLC, 20.49%, 08/25/2025 (a)(q)	Lending Club		08/29/2022		1,985		2,002		1,907
192842278.SRDLC, 29.49%, 08/24/2025 (a)(q)	Lending Club		08/26/2022		11,470		11,470		10,916
192845820.SRDLC, 18.49%, 08/25/2025 (a)(q)	Lending Club		08/29/2022		4,936		4,936		4,786
192846539.SRDLC, 26.49%, 08/23/2025 (a)(q)	Lending Club		08/25/2022		1,512		1,512		1,462
192846667.SRDLC, 32.39%, 08/26/2027 (a)(l)(q)	Lending Club		08/30/2022		4,857		4,906		201
192847951.SRDLC, 26.99%, 08/24/2025 (a)(q)	Lending Club		08/26/2022		4,206		4,242		4,050
192855200.SRDLC, 28.99%, 08/23/2027 (a)(q)	Lending Club		08/25/2022		3,924		3,924		3,837
192855485.SRDLC, 30.99%, 08/24/2025 (a)(q)	Lending Club		08/26/2022		10,195		10,281		9,822
192855597.SRDLC, 19.99%, 08/25/2027 (a)(q)	Lending Club		08/29/2022		5,500		5,550		5,271
192861177.SRDLC, 26.49%, 08/23/2027 (a)(q)	Lending Club		08/25/2022		4,456		4,456		4,291
192863062.SRDLC, 30.99%, 08/25/2025 (a)(l)(q)	Lending Club		08/29/2022		8,501		8,577		8,186
192864288.SRDLC, 20.99%, 08/05/2025 (a)(l)(q)	Lending Club		08/29/2022		3,082		3,108		2,937
192867016.SRDLC, 15.19%, 08/25/2027 (a)(q)	Lending Club		08/29/2022		5,980		5,980		5,742
192869569.SRDLC, 11.29%, 08/24/2025 (a)(q)	Lending Club		08/26/2022		12,089		12,089		11,719
192869827.SRDLC, 26.74%, 08/25/2025 (a)(q)	Lending Club		08/29/2022		18,149		18,300		17,502
192876219.SRDLC, 30.99%, 08/31/2025 (a)(l)(q)	Lending Club		09/02/2022		5,214		5,260		4,946

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

72

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
192876433.SRDLC, 23.99%, 08/30/2027 (a)(l)(q)	Lending Club		09/01/2022	$	37,390	$	37,056	$	36,105
192876522.SRDLC, 32.39%, 08/25/2027 (a)(q)	Lending Club		08/29/2022		7,518		7,588		7,236
192876723.SRDLC, 24.99%, 08/24/2025 (a)(q)	Lending Club		08/26/2022		3,348		3,348		3,213
192879657.SRDLC, 15.94%, 08/24/2027 (a)(q)	Lending Club		08/26/2022		14,946		14,946		14,344
192881890.SRDLC, 27.24%, 08/25/2025 (a)(q)	Lending Club		08/29/2022		2,020		2,037		1,949
192884522.SRDLC, 11.29%, 08/26/2025 (a)(q)	Lending Club		08/30/2022		21,761		21,761		21,105
192885568.SRDLC, 26.99%, 08/25/2025 (a)(q)	Lending Club		08/29/2022		2,104		2,120		2,024
192886017.SRDLC, 30.99%, 08/26/2025 (a)(q)	Lending Club		08/30/2022		2,549		2,570		2,461
192886814.SRDLC, 22.99%, 08/26/2025 (a)(q)	Lending Club		08/30/2022		6,662		6,717		6,442
192890459.SRDLC, 30.99%, 08/21/2025 (a)(q)	Lending Club		08/29/2022		6,758		6,815		6,519
192890531.SRDLC, 32.39%, 08/24/2027 (a)(q)	Lending Club		08/26/2022		7,139		7,139		7,026
192891554.SRDLC, 20.24%, 08/24/2025 (a)(q)	Lending Club		08/26/2022		4,134		4,134		4,000
192892859.SRDLC, 10%, 02/26/2026 (a)(l)(q)	Lending Club		08/30/2022		6,736		6,804		4,364
192894830.SRDLC, 30.99%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		7,500		7,569		7,220
192895571.SRDLC, 19.99%, 08/26/2025 (a)(q)	Lending Club		08/30/2022		2,478		2,499		2,381
192896950.SRDLC, 12.24%, 08/26/2025 (a)(q)	Lending Club		08/30/2022		10,346		10,346		10,042
192896989.SRDLC, 25.99%, 08/25/2025 (a)(q)	Lending Club		08/29/2022		1,682		1,682		1,624
192899816.SRDLC, 20.74%, 08/25/2025 (a)(q)	Lending Club		08/29/2022		3,477		3,477		3,371
192902229.SRDLC, 15.19%, 08/25/2027 (a)(q)	Lending Club		08/29/2022		13,591		13,591		13,050
192902759.SRDLC, 21.99%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		5,801		5,854		5,565
192913549.SRDLC, 22.49%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		14,748		14,748		14,400
192917763.SRDLC, 12.24%, 09/07/2025 (a)(q)	Lending Club		08/30/2022		8,370		8,370		8,098
192920638.SRDLC, 20.49%, 08/31/2025 (a)(l)(q)	Lending Club		08/31/2022		7,332		7,406		1,107
192921440.SRDLC, 15.69%, 08/27/2027 (a)(q)	Lending Club		08/30/2022		5,743		5,743		5,518
192921563.SRDLC, 32.39%, 08/29/2027 (a)(q)	Lending Club		08/31/2022		12,325		12,438		11,623
192923851.SRDLC, 20.99%, 08/26/2025 (a)(q)	Lending Club		08/30/2022		2,485		2,505		2,388
192924727.SRDLC, 25.24%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		10,198		10,198		9,958
192930139.SRDLC, 25.24%, 08/26/2027 (a)(l)(q)	Lending Club		08/30/2022		21,526		21,526		20,977
192931533.SRDLC, 22.74%, 08/22/2027 (a)(q)	Lending Club		08/30/2022		9,194		9,194		8,974
192932397.SRDLC, 20.74%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		17,629		17,629		17,209
192932635.SRDLC, 15%, 01/29/2027 (a)(l)(q)	Lending Club		08/31/2022		11,307		11,307		6,486
192933007.SRDLC, 15.19%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		25,370		25,370		24,366
192934351.SRDLC, 30.99%, 08/26/2025 (a)(q)	Lending Club		08/30/2022		5,097		5,140		4,922
192934415.SRDLC, 14.49%, 08/26/2025 (a)(q)	Lending Club		08/30/2022		17,084		17,084		16,592
192935971.SRDLC, 13.19%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		10,239		10,239		10,052
192947298.SRDLC, 20.49%, 08/26/2025 (a)(q)	Lending Club		08/30/2022		2,978		2,978		2,888
192949362.SRDLC, 20.74%, 08/30/2025 (a)(l)(q)	Lending Club		09/01/2022		8,506		8,578		8,088
192951569.SRDLC, 22.99%, 08/31/2025 (a)(l)(q)	Lending Club		09/02/2022		4,252		4,288		4,056
192954346.SRDLC, 17.49%, 08/26/2025 (a)(l)(q)	Lending Club		08/30/2022		3,666		3,666		3,564
192954423.SRDLC, 30.99%, 09/05/2025 (a)(l)(q)	Lending Club		08/31/2022		3,498		3,526		3,328
192954826.SRDLC, 15.19%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		14,497		14,497		13,923
192955270.SRDLC, 25.99%, 08/26/2027 (a)(q)	Lending Club		08/30/2022		14,857		14,857		14,508
192955657.SRDLC, 25.99%, 08/29/2025 (a)(q)	Lending Club		08/31/2022		8,607		8,674		8,208
192956476.SRDLC, 25.74%, 08/29/2027 (a)(l)(q)	Lending Club		08/31/2022		12,190		12,295		11,654
192956853.SRDLC, 16.49%, 08/15/2025 (a)(q)	Lending Club		09/01/2022		6,706		6,760		6,474
192960228.SRDLC, 15.99%, 09/01/2025 (a)(l)(q)	Lending Club		08/30/2022		10,795		10,795		10,426
192964543.SRDLC, 32.39%, 09/14/2027 (a)(q)	Lending Club		08/31/2022		13,878		14,013		13,055
192966506.SRDLC, 30.99%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		8,700		8,768		8,244
192974045.SRDLC, 20.99%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		6,204		6,266		2,271
192978951.SRDLC, 31.49%, 08/29/2027 (a)(l)(q)	Lending Club		08/31/2022		9,940		10,025		9,374
192979492.SRDLC, 16.69%, 08/29/2026 (a)(l)(q)	Lending Club		08/31/2022		24,041		24,041		23,068
192979855.SRDLC, 26.99%, 08/30/2025 (a)(l)(q)	Lending Club		09/01/2022		863		870		818
192982092.SRDLC, 22.24%, 08/29/2027 (a)(l)(q)	Lending Club		08/31/2022		7,920		7,920		7,674
192987262.SRDLC, 30.99%, 08/30/2025 (a)(q)	Lending Club		09/01/2022		1,744		1,758		1,651
192989933.SRDLC, 14.94%, 08/29/2027 (a)(l)(q)	Lending Club		08/31/2022		19,274		19,274		18,423

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

73

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
192989998.SRDLC, 30.99%, 08/27/2025 (a)(q)	Lending Club		09/01/2022	$	5,080	$	5,126	$	4,905
192990369.SRDLC, 30.99%, 08/31/2025 (a)(l)(q)	Lending Club		09/02/2022		7,821		7,890		7,419
192991046.SRDLC, 29.99%, 09/03/2025 (a)(l)(q)	Lending Club		09/02/2022		23,227		23,460		3,643
192995083.SRDLC, 32.39%, 08/31/2027 (a)(l)(q)	Lending Club		09/02/2022		11,363		11,474		10,731
192996701.SRDLC, 30.74%, 09/01/2025 (a)(l)(q)	Lending Club		09/06/2022		7,827		7,893		7,440
193000989.SRDLC, 20.99%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		2,043		2,043		1,962
193001021.SRDLC, 25.99%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		1,549		1,561		1,478
193001323.SRDLC, 19.69%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		8,485		8,485		8,149
193002155.SRDLC, 28.99%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		5,558		5,614		1,269
193005732.SRDLC, 23.99%, 08/29/2027 (a)(l)(q)	Lending Club		08/31/2022		14,022		14,022		13,535
193006752.SRDLC, 22.99%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		8,550		8,617		8,151
193007274.SRDLC, 28.74%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		6,494		6,545		6,152
193008719.SRDLC, 25.49%, 08/30/2027 (a)(q)	Lending Club		09/01/2022		11,955		11,847		11,546
193008800.SRDLC, 15.99%, 09/23/2025 (a)(q)	Lending Club		09/27/2022		2,691		2,669		2,613
193010229.SRDLC, 24.49%, 08/29/2027 (a)(l)(q)	Lending Club		08/31/2022		19,287		19,287		2,810
193011037.SRDLC, 15.74%, 08/30/2025 (a)(l)(q)	Lending Club		09/01/2022		7,143		7,086		6,902
193013525.SRDLC, 31.89%, 08/29/2026 (a)(l)(q)	Lending Club		08/31/2022		4,416		4,453		4,193
193015947.SRDLC, 23.74%, 08/30/2025 (a)(q)	Lending Club		09/01/2022		5,141		5,182		4,898
193016420.SRDLC, 24.69%, 08/29/2027 (a)(l)(q)	Lending Club		08/31/2022		14,040		14,040		13,553
193016442.SRDLC, 24.49%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		6,177		6,225		5,890
193018530.SRDLC, 22.24%, 08/29/2025 (a)(q)	Lending Club		08/31/2022		3,848		3,848		3,695
193019713.SRDLC, 23.49%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		10,272		10,272		9,886
193020910.SRDLC, 13.44%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		6,685		6,685		6,464
193025123.SRDLC, 18.74%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		8,465		8,531		8,044
193043411.SRDLC, 25.19%, 08/29/2027 (a)(l)(q)	Lending Club		08/31/2022		4,684		4,684		4,522
193043888.SRDLC, 18.49%, 09/27/2025 (a)(q)	Lending Club		09/29/2022		4,230		4,195		4,100
193045278.SRDLC, 10.79%, 08/29/2025 (a)(q)	Lending Club		08/31/2022		8,007		8,007		7,744
193048715.SRDLC, 18.49%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		20,306		20,465		19,456
193049189.SRDLC, 25.49%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		6,756		6,823		1,464
193051392.SRDLC, 24.99%, 09/16/2027 (a)(q)	Lending Club		09/20/2022		18,964		18,787		18,439
193051775.SRDLC, 24.49%, 09/08/2027 (a)(q)	Lending Club		09/12/2022		5,006		4,959		4,853
193063140.SRDLC, 14.44%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		9,215		9,215		8,901
193067174.SRDLC, 10.79%, 09/03/2025 (a)(q)	Lending Club		08/31/2022		27,430		27,430		26,547
193070371.SRDLC, 30.99%, 09/25/2027 (a)(q)	Lending Club		09/16/2022		5,259		5,312		5,026
193075296.SRDLC, 30.99%, 08/29/2027 (a)(l)(q)	Lending Club		08/31/2022		11,478		11,593		10,793
193075353.SRDLC, 26.49%, 08/31/2027 (a)(l)(q)	Lending Club		09/02/2022		7,568		7,644		2,320
193079923.SRDLC, 20.99%, 08/30/2025 (a)(l)(q)	Lending Club		09/01/2022		1,277		1,287		1,214
193081235.SRDLC, 16.19%, 08/25/2027 (a)(q)	Lending Club		08/31/2022		10,877		10,877		10,446
193081260.SRDLC, 24.74%, 08/29/2027 (a)(l)(q)	Lending Club		08/31/2022		17,785		17,938		16,996
193081267.SRDLC, 30.99%, 08/29/2025 (a)(l)(q)	Lending Club		08/31/2022		2,610		2,630		2,473
193082133.SRDLC, 15.99%, 08/30/2025 (a)(l)(q)	Lending Club		09/01/2022		5,382		5,339		5,200
193085767.SRDLC, 27.74%, 08/30/2025 (a)(l)(q)	Lending Club		09/01/2022		8,813		8,890		8,353
193085811.SRDLC, 22.49%, 08/31/2027 (a)(l)(q)	Lending Club		09/02/2022		6,520		6,462		6,321
193088858.SRDLC, 28.99%, 08/30/2027 (a)(l)(q)	Lending Club		09/01/2022		10,372		10,473		9,780
193089979.SRDLC, 23.49%, 08/30/2025 (a)(l)(q)	Lending Club		09/01/2022		8,003		8,072		7,633
193104978.SRDLC, 20.99%, 08/30/2025 (a)(l)(q)	Lending Club		09/01/2022		3,064		3,090		2,913
193106592.SRDLC, 24.49%, 09/29/2027 (a)(l)(q)	Lending Club		09/06/2022		7,753		7,681		7,485
193107288.SRDLC, 23.99%, 08/31/2027 (a)(l)(q)	Lending Club		09/02/2022		23,350		23,141		22,555
193109985.SRDLC, 32.39%, 09/09/2027 (a)(q)	Lending Club		09/08/2022		5,135		5,184		4,868
193110078.SRDLC, 20.99%, 08/31/2025 (a)(l)(q)	Lending Club		09/02/2022		1,701		1,715		1,618
193110115.SRDLC, 20.99%, 09/07/2025 (a)(q)	Lending Club		09/09/2022		2,553		2,575		2,435
193110233.SRDLC, 25.99%, 08/30/2025 (a)(l)(q)	Lending Club		09/01/2022		8,952		9,030		8,541
193110528.SRDLC, 26.49%, 08/31/2027 (a)(l)(q)	Lending Club		09/02/2022		9,381		9,471		8,977
193110550.SRDLC, 22.99%, 09/15/2025 (a)(l)(q)	Lending Club		09/01/2022		8,631		8,706		8,290
193120148.SRDLC, 28.99%, 08/31/2027 (a)(l)(q)	Lending Club		09/02/2022		18,839		19,022		17,775

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

74

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
193124504.SRDLC, 27.24%, 08/31/2025 (a)(l)(q)	Lending Club		09/02/2022	$	862	$	870	$	818
193125411.SRDLC, 21.49%, 08/31/2025 (a)(l)(q)	Lending Club		09/02/2022		4,257		4,293		4,049
193127470.SRDLC, 30.99%, 09/08/2025 (a)(q)	Lending Club		09/12/2022		6,961		7,020		6,643
193131853.SRDLC, 26.74%, 08/31/2025 (a)(l)(q)	Lending Club		09/02/2022		5,168		5,213		4,900
193132810.SRDLC, 24.49%, 08/31/2027 (a)(q)	Lending Club		09/02/2022		8,866		8,946		8,477
193133751.SRDLC, 30.99%, 08/31/2025 (a)(l)(q)	Lending Club		09/02/2022		867		876		823
193133835.SRDLC, 18.49%, 09/01/2025 (a)(l)(q)	Lending Club		09/06/2022		8,461		8,391		8,139
193139838.SRDLC, 13.99%, 09/01/2025 (a)(l)(q)	Lending Club		09/06/2022		2,008		1,992		1,942
193147466.SRDLC, 23.99%, 09/15/2027 (a)(l)(q)	Lending Club		09/06/2022		29,460		29,202		28,582
193150159.SRDLC, 30.99%, 08/31/2025 (a)(l)(q)	Lending Club		09/02/2022		2,086		2,104		1,978
193169674.SRDLC, 9.34%, 09/15/2025 (a)(q)	Lending Club		09/08/2022		19,735		19,576		19,343
193178019.SRDLC, 28.24%, 09/02/2025 (a)(l)(q)	Lending Club		09/07/2022		9,637		9,637		1,441
193178153.SRDLC, 9.59%, 09/07/2027 (a)(q)	Lending Club		09/09/2022		16,315		16,169		15,955
193178177.SRDLC, 17.19%, 09/06/2027 (a)(q)	Lending Club		09/08/2022		26,747		26,503		25,619
193184149.SRDLC, 18.99%, 09/21/2025 (a)(q)	Lending Club		09/08/2022		4,063		4,097		3,876
193185229.SRDLC, 30.99%, 09/07/2027 (a)(q)	Lending Club		09/09/2022		7,568		7,639		7,177
193207659.SRDLC, 15.99%, 09/06/2025 (a)(q)	Lending Club		09/08/2022		8,410		8,340		8,136
193213965.SRDLC, 26.99%, 09/22/2025 (a)(q)	Lending Club		09/26/2022		6,190		6,243		5,954
193225539.SRDLC, 32.39%, 09/02/2027 (a)(q)	Lending Club		09/07/2022		8,840		8,923		8,375
193234903.SRDLC, 26.49%, 09/07/2025 (a)(q)	Lending Club		09/09/2022		21,544		21,362		20,619
193239193.SRDLC, 20.49%, 09/09/2027 (a)(q)	Lending Club		09/13/2022		13,000		12,880		12,633
193242762.SRDLC, 17.74%, 09/22/2025 (a)(q)	Lending Club		09/08/2022		13,935		13,820		13,346
193242817.SRDLC, 15.99%, 09/06/2025 (a)(q)	Lending Club		09/08/2022		6,791		6,735		6,570
193245917.SRDLC, 15.99%, 09/12/2025 (a)(q)	Lending Club		09/14/2022		6,055		6,005		5,865
193266605.SRDLC, 32.39%, 09/15/2027 (a)(q)	Lending Club		09/08/2022		19,090		18,959		18,543
193273526.SRDLC, 25.99%, 09/07/2025 (a)(q)	Lending Club		09/09/2022		3,447		3,455		3,298
193278182.SRDLC, 9.34%, 09/08/2025 (a)(q)	Lending Club		09/12/2022		8,268		8,201		8,004
193279016.SRDLC, 9.59%, 09/02/2025 (a)(q)	Lending Club		09/16/2022		6,181		6,130		5,978
193287070.SRDLC, 18.19%, 09/11/2026 (a)(q)	Lending Club		09/08/2022		2,245		2,225		2,184
193294673.SRDLC, 20.44%, 09/20/2027 (a)(q)	Lending Club		09/08/2022		14,059		13,931		13,638
193299553.SRDLC, 30.99%, 09/06/2025 (a)(l)(q)	Lending Club		09/08/2022		2,225		2,231		871
193299697.SRDLC, 13.99%, 09/07/2025 (a)(q)	Lending Club		09/09/2022		4,686		4,648		4,573
193309315.SRDLC, 15.99%, 09/06/2025 (a)(q)	Lending Club		09/08/2022		6,728		6,672		6,509
193322974.SRDLC, 31.74%, 09/07/2027 (a)(l)(q)	Lending Club		09/09/2022		6,878		6,895		2,380
193330226.SRDLC, 24.24%, 09/08/2027 (a)(q)	Lending Club		09/12/2022		9,352		9,265		9,066
193330824.SRDLC, 22.74%, 10/11/2027 (a)(l)(q)	Lending Club		10/13/2022		13,570		13,449		13,136
193333795.SRDLC, 25.99%, 09/08/2025 (a)(q)	Lending Club		09/12/2022		4,304		4,340		4,127
193341840.SRDLC, 32.39%, 09/15/2027 (a)(q)	Lending Club		09/29/2022		14,037		14,169		13,385
193343769.SRDLC, 18.24%, 09/22/2025 (a)(q)	Lending Club		09/15/2022		1,574		1,587		1,514
193345355.SRDLC, 32.39%, 09/12/2027 (a)(q)	Lending Club		09/14/2022		9,480		9,569		9,024
193347562.SRDLC, 18.24%, 09/09/2025 (a)(q)	Lending Club		09/13/2022		12,177		12,277		11,701
193348242.SRDLC, 25.49%, 09/07/2027 (a)(q)	Lending Club		09/09/2022		7,499		7,568		7,192
193355104.SRDLC, 10.79%, 09/19/2025 (a)(q)	Lending Club		09/21/2022		29,048		28,809		28,160
193357114.SRDLC, 13.19%, 09/22/2025 (a)(q)	Lending Club		09/12/2022		12,601		12,498		12,218
193359361.SRDLC, 24.24%, 09/09/2025 (a)(q)	Lending Club		09/13/2022		1,479		1,467		1,431
193363726.SRDLC, 27.99%, 09/16/2024 (a)(l)(q)	Lending Club		09/20/2022		9,311		9,405		1,392
193378827.SRDLC, 15.99%, 09/12/2025 (a)(q)	Lending Club		09/14/2022		15,983		15,843		15,328
193390533.SRDLC, 30.99%, 09/04/2027 (a)(q)	Lending Club		09/14/2022		5,711		5,769		5,403
193392016.SRDLC, 9.59%, 09/09/2025 (a)(q)	Lending Club		09/13/2022		4,137		4,103		4,005
193392433.SRDLC, 21.49%, 09/08/2025 (a)(q)	Lending Club		09/12/2022		4,261		4,296		4,067
193397249.SRDLC, 25.24%, 09/09/2025 (a)(l)(q)	Lending Club		09/13/2022		16,352		16,189		2,101
193401898.SRDLC, 28.99%, 09/12/2025 (a)(q)	Lending Club		09/14/2022		5,783		5,734		5,453
193402913.SRDLC, 26.49%, 09/16/2025 (a)(q)	Lending Club		09/20/2022		4,309		4,272		4,147
193405242.SRDLC, 24.49%, 09/22/2025 (a)(q)	Lending Club		09/27/2022		3,257		3,229		3,127
193406936.SRDLC, 13.74%, 09/21/2025 (a)(q)	Lending Club		09/23/2022		18,991		18,831		18,602

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

75

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
193409636.SRDLC, 17.69%, 09/21/2025 (a)(q)	Lending Club		09/14/2022	$	9,115	$	9,039	$	8,847
193413820.SRDLC, 32.39%, 10/25/2027 (a)(l)(q)	Lending Club		09/13/2022		4,666		4,710		4,530
193427219.SRDLC, 28.99%, 09/21/2025 (a)(q)	Lending Club		09/23/2022		17,329		17,179		16,439
193427934.SRDLC, 22.99%, 09/16/2025 (a)(l)(q)	Lending Club		09/13/2022		13,506		13,641		3,046
193432417.SRDLC, 13.69%, 09/15/2025 (a)(l)(q)	Lending Club		09/14/2022		36,366		36,002		2,871
193440200.SRDLC, 26.24%, 09/20/2025 (a)(q)	Lending Club		09/20/2022		528		532		522
193441057.SRDLC, 32.39%, 09/20/2027 (a)(q)	Lending Club		09/14/2022		7,652		7,728		7,258
193442527.SRDLC, 25.99%, 09/12/2025 (a)(q)	Lending Club		09/14/2022		2,582		2,603		2,478
193469852.SRDLC, 14.54%, 09/12/2025 (a)(q)	Lending Club		09/14/2022		2,011		2,028		1,931
193490277.SRDLC, 25.99%, 09/12/2025 (a)(q)	Lending Club		09/14/2022		1,033		1,042		991
193491097.SRDLC, 25.49%, 09/12/2027 (a)(q)	Lending Club		09/14/2022		5,625		5,675		5,398
193495324.SRDLC, 25.99%, 09/12/2025 (a)(q)	Lending Club		09/14/2022		6,198		6,250		5,949
193497771.SRDLC, 22.49%, 09/14/2027 (a)(q)	Lending Club		09/16/2022		27,966		27,706		27,205
193502349.SRDLC, 21.99%, 09/14/2025 (a)(q)	Lending Club		09/16/2022		6,142		6,194		5,873
193508769.SRDLC, 32.39%, 09/19/2027 (a)(q)	Lending Club		09/21/2022		18,960		18,781		18,543
193510744.SRDLC, 14.69%, 09/12/2025 (a)(q)	Lending Club		09/14/2022		20,118		19,952		19,485
193514957.SRDLC, 24.99%, 09/15/2027 (a)(q)	Lending Club		09/19/2022		29,781		29,502		28,945
193515056.SRDLC, 18.99%, 09/13/2025 (a)(q)	Lending Club		09/15/2022		6,777		6,833		6,474
193519115.SRDLC, 30.99%, 09/14/2025 (a)(q)	Lending Club		09/14/2022		4,360		4,398		4,163
193521654.SRDLC, 29.49%, 09/13/2027 (a)(q)	Lending Club		09/15/2022		11,796		11,685		11,494
193525822.SRDLC, 20.49%, 09/20/2025 (a)(q)	Lending Club		09/22/2022		3,571		3,540		3,453
193542597.SRDLC, 23.49%, 09/13/2025 (a)(q)	Lending Club		09/15/2022		21,406		21,587		20,523
193543089.SRDLC, 25.19%, 09/27/2027 (a)(q)	Lending Club		09/29/2022		9,733		9,649		9,494
193565598.SRDLC, 15.99%, 09/16/2025 (a)(q)	Lending Club		09/20/2022		2,522		2,501		2,456
193582949.SRDLC, 18.49%, 09/16/2025 (a)(q)	Lending Club		09/20/2022		26,927		26,701		26,225
193602909.SRDLC, 24.49%, 09/15/2027 (a)(q)	Lending Club		09/19/2022		8,421		8,499		8,105
193605192.SRDLC, 25.24%, 09/14/2025 (a)(q)	Lending Club		09/16/2022		2,148		2,167		2,064
193605222.SRDLC, 9.59%, 09/28/2025 (a)(q)	Lending Club		09/20/2022		3,322		3,294		3,214
193612173.SRDLC, 10.79%, 09/19/2025 (a)(q)	Lending Club		09/21/2022		5,809		5,762		5,632
193639194.SRDLC, 20.49%, 09/19/2027 (a)(q)	Lending Club		09/21/2022		9,286		9,200		9,041
193640201.SRDLC, 32.39%, 09/19/2027 (a)(q)	Lending Club		09/21/2022		14,302		14,159		13,843
193645928.SRDLC, 19.49%, 09/01/2027 (a)(l)(q)	Lending Club		09/20/2022		4,626		4,673		1,363
193662673.SRDLC, 15.99%, 09/19/2025 (a)(q)	Lending Club		09/21/2022		5,361		5,316		5,200
193689839.SRDLC, 30.99%, 09/19/2025 (a)(q)	Lending Club		09/21/2022		3,480		3,510		3,340
193693368.SRDLC, 19.99%, 09/23/2025 (a)(q)	Lending Club		09/27/2022		3,057		3,083		2,933
193696796.SRDLC, 32.39%, 09/16/2027 (a)(q)	Lending Club		09/20/2022		18,960		19,139		18,117
193700025.SRDLC, 24.94%, 09/22/2025 (a)(q)	Lending Club		09/21/2022		1,722		1,708		1,671
193704775.SRDLC, 20.99%, 10/07/2027 (a)(q)	Lending Club		10/12/2022		9,401		9,423		8,972
193709519.SRDLC, 9.09%, 09/23/2025 (a)(q)	Lending Club		09/27/2022		4,048		4,015		3,927
193712658.SRDLC, 29.74%, 09/26/2025 (a)(q)	Lending Club		09/28/2022		5,207		5,252		5,018
193717551.SRDLC, 21.99%, 09/27/2025 (a)(l)(q)	Lending Club		09/29/2022		4,943		4,993		739
193719168.SRDLC, 22.49%, 09/19/2027 (a)(q)	Lending Club		09/21/2022		9,322		9,235		9,079
193719963.SRDLC, 25.99%, 09/26/2025 (a)(q)	Lending Club		09/28/2022		5,165		5,120		4,992
193722521.SRDLC, 30.99%, 09/23/2027 (a)(q)	Lending Club		09/27/2022		23,129		23,347		22,191
193741451.SRDLC, 29.99%, 09/27/2025 (a)(q)	Lending Club		09/29/2022		3,039		3,065		2,931
193755232.SRDLC, 20.49%, 09/21/2027 (a)(q)	Lending Club		09/23/2022		21,822		21,619		21,257
193804618.SRDLC, 15.99%, 09/28/2025 (a)(q)	Lending Club		09/26/2022		16,871		16,730		16,393
193814373.SRDLC, 30.99%, 09/21/2025 (a)(q)	Lending Club		09/23/2022		2,871		2,896		2,759
193823411.SRDLC, 10%, 03/22/2026 (a)(l)(q)	Lending Club		09/26/2022		8,915		9,004		6,045
193838030.SRDLC, 24.99%, 10/05/2027 (a)(q)	Lending Club		10/07/2022		33,115		32,804		31,997
193845623.SRDLC, 20.24%, 09/30/2027 (a)(l)(q)	Lending Club		09/28/2022		8,948		8,859		8,650
193847911.SRDLC, 20.19%, 09/23/2025 (a)(q)	Lending Club		09/27/2022		4,244		4,204		4,111
193864910.SRDLC, 12.69%, 09/26/2025 (a)(q)	Lending Club		09/28/2022		16,680		16,542		16,189
193886437.SRDLC, 9.34%, 09/26/2025 (a)(q)	Lending Club		09/28/2022		3,886		3,853		3,770
193891725.SRDLC, 14.19%, 09/29/2027 (a)(l)(q)	Lending Club		10/03/2022		27,860		27,604		26,681

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

76

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
193897869.SRDLC, 23.49%, 09/26/2027 (a)(q)	Lending Club		09/28/2022	$	14,009	$	13,878	$	13,310
193900889.SRDLC, 22.49%, 09/26/2027 (a)(q)	Lending Club		09/28/2022		19,017		18,839		18,553
193904883.SRDLC, 30.99%, 09/23/2025 (a)(q)	Lending Club		09/27/2022		2,610		2,633		2,514
193919332.SRDLC, 30.99%, 10/17/2025 (a)(q)	Lending Club		10/19/2022		11,749		11,644		11,102
193924458.SRDLC, 16.94%, 10/11/2025 (a)(q)	Lending Club		10/13/2022		2,166		2,147		2,107
193925110.SRDLC, 19.19%, 09/26/2025 (a)(q)	Lending Club		09/28/2022		2,030		2,012		1,967
193926621.SRDLC, 23.55%, 09/27/2025 (a)(l)(q)	Lending Club		09/29/2022		1,773		1,789		1,712
193931676.SRDLC, 30.74%, 09/27/2025 (a)(q)	Lending Club		09/29/2022		3,478		3,509		3,355
193939471.SRDLC, 32.39%, 10/14/2027 (a)(q)	Lending Club		10/11/2022		6,266		6,282		5,947
193940880.SRDLC, 22.49%, 09/26/2027 (a)(q)	Lending Club		09/28/2022		18,644		18,470		18,189
193944455.SRDLC, 24.99%, 10/06/2025 (a)(l)(q)	Lending Club		09/28/2022		3,134		3,165		499
193956137.SRDLC, 24.99%, 10/20/2027 (a)(q)	Lending Club		10/07/2022		23,941		24,001		22,872
193967656.SRDLC, 23.99%, 09/30/2025 (a)(l)(q)	Lending Club		09/28/2022		882		873		839
193968510.SRDLC, 25.99%, 09/26/2025 (a)(l)(q)	Lending Club		09/28/2022		5,510		5,565		1,280
193976442.SRDLC, 29.99%, 10/31/2025 (a)(q)	Lending Club		10/26/2022		9,083		9,103		8,601
193981563.SRDLC, 25.49%, 09/26/2027 (a)(q)	Lending Club		09/28/2022		8,155		8,078		7,953
193986752.SRDLC, 30.99%, 09/26/2025 (a)(q)	Lending Club		09/28/2022		10,441		10,531		10,065
193990313.SRDLC, 27.99%, 09/26/2025 (a)(q)	Lending Club		09/28/2022		4,323		4,360		4,165
193993362.SRDLC, 23.99%, 09/26/2027 (a)(q)	Lending Club		09/28/2022		14,489		14,624		13,991
193996097.SRDLC, 22.99%, 09/26/2025 (a)(q)	Lending Club		09/28/2022		3,077		3,103		2,971
193997666.SRDLC, 32.39%, 10/04/2027 (a)(l)(q)	Lending Club		10/06/2022		14,897		14,748		2,227
194006210.SRDLC, 19.99%, 10/04/2027 (a)(q)	Lending Club		10/06/2022		16,893		16,736		16,369
194026974.SRDLC, 27.99%, 09/27/2025 (a)(q)	Lending Club		09/29/2022		2,161		2,180		2,084
194027078.SRDLC, 29.99%, 10/04/2025 (a)(q)	Lending Club		10/06/2022		1,292		1,294		1,227
194031497.SRDLC, 24.74%, 09/28/2027 (a)(l)(q)	Lending Club		09/30/2022		9,260		9,167		—
194040422.SRDLC, 20.99%, 09/27/2025 (a)(q)	Lending Club		09/29/2022		2,979		3,004		2,861
194041243.SRDLC, 21.99%, 09/27/2025 (a)(q)	Lending Club		09/29/2022		12,273		12,377		11,790
194042196.SRDLC, 22.99%, 09/27/2025 (a)(q)	Lending Club		09/29/2022		5,131		5,174		4,950
194051376.SRDLC, 13.19%, 10/06/2027 (a)(q)	Lending Club		10/11/2022		27,806		27,550		27,062
194051674.SRDLC, 15.99%, 09/28/2025 (a)(q)	Lending Club		09/30/2022		4,205		4,169		4,084
194056709.SRDLC, 10.79%, 09/28/2025 (a)(q)	Lending Club		09/30/2022		9,130		9,053		8,849
194073006.SRDLC, 25.99%, 09/29/2027 (a)(l)(q)	Lending Club		10/03/2022		6,159		6,101		5,946
194120451.SRDLC, 27.99%, 10/06/2025 (a)(q)	Lending Club		10/11/2022		11,686		11,584		11,168
194126374.SRDLC, 21.49%, 10/21/2025 (a)(q)	Lending Club		10/25/2022		21,859		21,907		20,961
194126529.SRDLC, 28.99%, 10/18/2027 (a)(q)	Lending Club		10/20/2022		5,710		5,656		5,548
194127079.SRDLC, 30.99%, 10/24/2025 (a)(q)	Lending Club		10/26/2022		3,560		3,568		3,423
194158910.SRDLC, 16.49%, 10/19/2027 (a)(q)	Lending Club		10/06/2022		12,785		12,667		12,279
194170547.SRDLC, 22.49%, 10/13/2025 (a)(l)(q)	Lending Club		10/17/2022		17,954		17,993		17,167
194180396.SRDLC, 28.99%, 10/21/2025 (a)(q)	Lending Club		10/25/2022		2,927		2,901		2,776
194213087.SRDLC, 13.99%, 10/04/2025 (a)(q)	Lending Club		10/06/2022		15,152		15,025		14,793
194236594.SRDLC, 24.94%, 10/05/2025 (a)(q)	Lending Club		10/07/2022		9,683		9,599		9,337
194249857.SRDLC, 30.99%, 10/05/2027 (a)(q)	Lending Club		10/07/2022		11,452		11,343		11,054
194256083.SRDLC, 26.49%, 10/04/2026 (a)(q)	Lending Club		10/06/2022		7,765		7,783		7,471
194264252.SRDLC, 25.44%, 10/12/2027 (a)(q)	Lending Club		10/14/2022		10,888		10,785		10,548
194266501.SRDLC, 30.99%, 10/11/2025 (a)(q)	Lending Club		10/13/2022		4,450		4,460		4,245
194268458.SRDLC, 32.39%, 10/25/2027 (a)(l)(q)	Lending Club		10/27/2022		14,684		14,830		2,515
194279737.SRDLC, 19.24%, 10/04/2026 (a)(l)(q)	Lending Club		10/06/2022		9,125		9,145		8,738
194284598.SRDLC, 24.49%, 10/11/2025 (a)(q)	Lending Club		10/13/2022		4,222		4,185		4,030
194290005.SRDLC, 32.39%, 10/14/2027 (a)(q)	Lending Club		10/18/2022		9,561		9,583		9,098
194304143.SRDLC, 16.49%, 10/21/2027 (a)(q)	Lending Club		10/11/2022		11,279		11,168		11,013
194307435.SRDLC, 25.99%, 10/29/2027 (a)(l)(q)	Lending Club		11/01/2022		19,317		19,365		5,888
194324741.SRDLC, 32.39%, 10/06/2027 (a)(q)	Lending Club		10/11/2022		19,121		19,166		18,112
194326877.SRDLC, 27.24%, 10/11/2025 (a)(q)	Lending Club		10/13/2022		10,609		10,632		10,113
194361599.SRDLC, 29.49%, 10/11/2025 (a)(q)	Lending Club		10/13/2022		93		92		91
194363819.SRDLC, 30.99%, 10/07/2025 (a)(q)	Lending Club		10/12/2022		4,450		4,460		4,241

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

77

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
194379768.SRDLC, 14.74%, 10/11/2024 (a)(q)	Lending Club		10/13/2022	$	7,768	$	7,782	$	7,540
194384363.SRDLC, 25.19%, 10/13/2027 (a)(l)(q)	Lending Club		10/17/2022		18,889		18,700		2,907
194389212.SRDLC, 32.39%, 10/11/2027 (a)(l)(q)	Lending Club		10/13/2022		14,194		14,061		13,741
194389850.SRDLC, 22.99%, 10/18/2025 (a)(q)	Lending Club		10/13/2022		8,808		8,829		8,438
194389865.SRDLC, 10.79%, 10/11/2025 (a)(q)	Lending Club		10/13/2022		2,992		2,967		2,900
194405751.SRDLC, 16.49%, 10/11/2027 (a)(q)	Lending Club		10/13/2022		13,058		12,937		12,714
194412809.SRDLC, 25.99%, 10/14/2025 (a)(q)	Lending Club		10/18/2022		2,646		2,623		2,563
194413447.SRDLC, 9.34%, 10/11/2025 (a)(q)	Lending Club		10/13/2022		12,781		12,674		12,385
194423465.SRDLC, 13.49%, 10/11/2025 (a)(q)	Lending Club		10/13/2022		21,500		21,318		20,838
194424781.SRDLC, 18.49%, 10/21/2024 (a)(l)(q)	Lending Club		10/25/2022		6,259		6,321		1,024
194430048.SRDLC, 15.19%, 10/14/2025 (a)(q)	Lending Club		10/18/2022		8,623		8,549		8,359
194431904.SRDLC, 24.49%, 10/11/2027 (a)(q)	Lending Club		10/13/2022		9,455		9,366		9,147
194435800.SRDLC, 15.99%, 10/15/2025 (a)(q)	Lending Club		10/13/2022		25,992		25,771		25,218
194435945.SRDLC, 16.99%, 10/18/2025 (a)(q)	Lending Club		10/20/2022		2,599		2,605		2,502
194453547.SRDLC, 19.99%, 10/18/2025 (a)(q)	Lending Club		10/13/2022		2,627		2,632		2,516
194455826.SRDLC, 21.24%, 10/11/2027 (a)(q)	Lending Club		10/13/2022		18,810		18,634		18,260
194459017.SRDLC, 23.99%, 10/11/2027 (a)(q)	Lending Club		10/13/2022		23,617		23,672		22,635
194463123.SRDLC, 13.24%, 10/11/2025 (a)(q)	Lending Club		10/13/2022		19,769		19,602		19,314
194468013.SRDLC, 25.99%, 10/11/2024 (a)(q)	Lending Club		10/13/2022		2,786		2,791		2,703
194474327.SRDLC, 16.49%, 10/21/2025 (a)(l)(q)	Lending Club		10/13/2022		21,817		21,601		20,985
194479316.SRDLC, 11.29%, 11/14/2025 (a)(q)	Lending Club		11/16/2022		13,206		13,052		12,824
194484669.SRDLC, 20.99%, 10/11/2025 (a)(q)	Lending Club		10/13/2022		2,184		2,188		2,085
194493592.SRDLC, 24.49%, 10/13/2025 (a)(q)	Lending Club		10/17/2022		15,831		15,693		15,134
194512371.SRDLC, 29.49%, 10/18/2025 (a)(q)	Lending Club		10/20/2022		4,217		4,179		3,987
194514223.SRDLC, 20.49%, 10/17/2027 (a)(l)(q)	Lending Club		10/19/2022		32,863		32,548		31,945
194515534.SRDLC, 7.09%, 10/14/2025 (a)(q)	Lending Club		10/18/2022		15,259		15,131		14,959
194519707.SRDLC, 24.74%, 10/12/2024 (a)(l)(q)	Lending Club		10/14/2022		5,804		5,862		868
194524820.SRDLC, 20.49%, 10/17/2025 (a)(q)	Lending Club		10/19/2022		1,745		1,749		1,670
194532233.SRDLC, 30.99%, 10/11/2025 (a)(q)	Lending Club		10/13/2022		2,136		2,141		2,038
194534657.SRDLC, 15.49%, 10/14/2025 (a)(q)	Lending Club		10/18/2022		5,182		5,138		5,024
194535055.SRDLC, 22.74%, 10/20/2027 (a)(l)(q)	Lending Club		10/24/2022		14,533		14,387		14,120
194535429.SRDLC, 24.49%, 10/19/2027 (a)(q)	Lending Club		10/21/2022		8,509		8,428		8,263
194541112.SRDLC, 19.94%, 11/03/2025 (a)(q)	Lending Club		11/07/2022		21,455		21,202		20,664
194546895.SRDLC, 7.59%, 10/17/2025 (a)(q)	Lending Club		10/19/2022		6,365		6,312		6,241
194547766.SRDLC, 15.99%, 10/12/2025 (a)(q)	Lending Club		10/14/2022		6,657		6,671		6,398
194563879.SRDLC, 26.49%, 10/12/2027 (a)(q)	Lending Club		10/14/2022		15,173		15,208		14,560
194567488.SRDLC, 24.49%, 10/20/2027 (a)(l)(q)	Lending Club		10/24/2022		14,436		14,293		14,010
194576339.SRDLC, 24.49%, 10/21/2027 (a)(q)	Lending Club		10/25/2022		33,089		32,776		32,177
194584482.SRDLC, 25.99%, 10/24/2025 (a)(q)	Lending Club		10/26/2022		6,350		6,295		6,117
194585024.SRDLC, 23.99%, 10/17/2027 (a)(q)	Lending Club		10/19/2022		4,723		4,679		4,583
194587361.SRDLC, 28.99%, 10/19/2027 (a)(q)	Lending Club		10/21/2022		4,758		4,713		4,626
194592145.SRDLC, 25.24%, 10/13/2024 (a)(q)	Lending Club		10/17/2022		4,782		4,791		4,638
194593499.SRDLC, 28.99%, 10/17/2025 (a)(q)	Lending Club		10/19/2022		3,202		3,170		3,025
194595358.SRDLC, 17.94%, 10/19/2025 (a)(q)	Lending Club		10/21/2022		5,209		5,164		5,054
194604649.SRDLC, 28.99%, 10/17/2027 (a)(q)	Lending Club		10/19/2022		4,568		4,525		4,436
194611665.SRDLC, 12.69%, 10/17/2027 (a)(q)	Lending Club		10/19/2022		19,445		19,266		18,944
194613803.SRDLC, 13.99%, 10/17/2025 (a)(q)	Lending Club		10/19/2022		6,457		6,402		6,313
194621068.SRDLC, 28.99%, 10/18/2024 (a)(q)	Lending Club		10/20/2022		1,602		1,605		1,553
194632029.SRDLC, 27.49%, 10/25/2025 (a)(q)	Lending Club		10/27/2022		7,076		7,091		6,803
194633979.SRDLC, 10.79%, 10/17/2025 (a)(q)	Lending Club		10/19/2022		7,524		7,460		7,308
194641816.SRDLC, 31.89%, 10/14/2026 (a)(l)(q)	Lending Club		10/18/2022		8,850		8,872		8,470
194642494.SRDLC, 22.49%, 10/17/2025 (a)(q)	Lending Club		10/19/2022		10,513		10,422		10,155
194658217.SRDLC, 28.99%, 10/25/2025 (a)(q)	Lending Club		10/27/2022		8,514		8,439		8,088
194661580.SRDLC, 24.99%, 10/18/2025 (a)(q)	Lending Club		10/20/2022		30,812		30,543		29,873
194662189.SRDLC, 26.99%, 10/17/2025 (a)(q)	Lending Club		10/19/2022		4,418		4,428		4,227

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

78

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
194678308.SRDLC, 22.49%, 10/17/2027 (a)(q)	Lending Club		10/19/2022	$	14,136	$	14,003	$	13,745
194680285.SRDLC, 32.39%, 10/17/2027 (a)(q)	Lending Club		10/19/2022		1,606		1,608		1,580
194686661.SRDLC, 31.89%, 10/17/2026 (a)(q)	Lending Club		10/19/2022		1,399		1,402		1,340
194699714.SRDLC, 26.49%, 10/17/2025 (a)(q)	Lending Club		10/19/2022		2,648		2,625		2,542
194707601.SRDLC, 22.99%, 10/31/2025 (a)(q)	Lending Club		11/02/2022		5,836		5,850		5,567
194709610.SRDLC, 14.99%, 10/18/2027 (a)(q)	Lending Club		10/20/2022		13,951		13,822		13,596
194714833.SRDLC, 22.01%, 10/04/2027 (a)(q)	Lending Club		10/19/2022		7,464		7,481		7,141
194725208.SRDLC, 20.25%, 10/17/2027 (a)(q)	Lending Club		10/19/2022		7,444		7,461		7,114
194732348.SRDLC, 16.99%, 10/18/2024 (a)(q)	Lending Club		10/20/2022		4,677		4,687		4,549
194740565.SRDLC, 23.49%, 10/28/2025 (a)(q)	Lending Club		11/01/2022		7,110		7,026		6,929
194742954.SRDLC, 23.74%, 10/18/2025 (a)(q)	Lending Club		10/20/2022		10,539		10,562		10,128
194750419.SRDLC, 21.49%, 10/18/2025 (a)(q)	Lending Club		10/20/2022		3,492		3,501		3,343
194752828.SRDLC, 18.99%, 10/18/2024 (a)(q)	Lending Club		10/20/2022		1,843		1,846		1,786
194755673.SRDLC, 24.49%, 10/19/2027 (a)(q)	Lending Club		10/21/2022		5,672		5,619		5,508
194763161.SRDLC, 18.99%, 10/18/2025 (a)(q)	Lending Club		10/20/2022		4,524		4,534		4,333
194767039.SRDLC, 30.99%, 10/20/2027 (a)(q)	Lending Club		10/24/2022		15,269		15,123		14,873
194773712.SRDLC, 25.99%, 10/21/2024 (a)(q)	Lending Club		10/25/2022		6,647		6,653		6,471
194778572.SRDLC, 15.99%, 10/25/2025 (a)(q)	Lending Club		10/27/2022		1,556		1,543		1,511
194780861.SRDLC, 16.49%, 10/21/2027 (a)(q)	Lending Club		10/25/2022		11,192		11,088		10,917
194787858.SRDLC, 19.69%, 10/20/2025 (a)(q)	Lending Club		10/24/2022		3,049		3,023		2,949
194828658.SRDLC, 14.44%, 10/28/2025 (a)(q)	Lending Club		11/01/2022		10,341		10,221		10,049
194840160.SRDLC, 15.99%, 10/24/2025 (a)(q)	Lending Club		10/26/2022		18,977		18,788		18,249
194843857.SRDLC, 31.49%, 10/26/2026 (a)(q)	Lending Club		10/28/2022		1,118		1,121		1,077
194847279.SRDLC, 28.99%, 10/24/2025 (a)(q)	Lending Club		10/26/2022		4,257		4,219		4,041
194852386.SRDLC, 28.99%, 11/02/2027 (a)(l)(q)	Lending Club		12/01/2022		16,314		16,104		15,597
194870858.SRDLC, 30.99%, 10/25/2027 (a)(q)	Lending Club		10/27/2022		19,086		18,904		18,620
194871645.SRDLC, 10.99%, 10/15/2027 (a)(q)	Lending Club		10/26/2022		16,558		16,406		16,219
194874645.SRDLC, 20.24%, 11/05/2025 (a)(q)	Lending Club		10/27/2022		4,862		4,820		4,673
194880827.SRDLC, 19.49%, 10/30/2027 (a)(l)(q)	Lending Club		10/26/2022		6,664		6,603		6,436
194884506.SRDLC, 22.99%, 10/24/2026 (a)(q)	Lending Club		10/26/2022		7,351		7,283		7,176
194888757.SRDLC, 30.99%, 10/24/2025 (a)(l)(q)	Lending Club		10/26/2022		3,638		3,646		3,498
194899015.SRDLC, 25.49%, 10/24/2027 (a)(q)	Lending Club		10/26/2022		18,511		18,336		18,010
194913501.SRDLC, 14.69%, 10/26/2027 (a)(q)	Lending Club		10/26/2022		11,165		11,061		10,767
194914281.SRDLC, 15.99%, 10/28/2025 (a)(q)	Lending Club		11/01/2022		8,646		8,545		8,403
194921212.SRDLC, 27.49%, 11/12/2027 (a)(q)	Lending Club		10/31/2022		11,652		11,680		10,932
194921409.SRDLC, 30.49%, 10/26/2027 (a)(q)	Lending Club		10/28/2022		8,005		8,025		7,663
194924304.SRDLC, 22.49%, 10/10/2026 (a)(q)	Lending Club		11/01/2022		18,355		18,398		17,651
194927100.SRDLC, 27.99%, 10/24/2025 (a)(l)(q)	Lending Club		10/26/2022		10,882		10,906		10,448
194930289.SRDLC, 28.99%, 10/24/2027 (a)(q)	Lending Club		10/26/2022		5,710		5,724		5,456
194930783.SRDLC, 22.49%, 10/24/2025 (a)(q)	Lending Club		10/26/2022		2,628		2,605		2,544
194941414.SRDLC, 18.89%, 10/25/2025 (a)(q)	Lending Club		10/27/2022		3,131		3,104		3,032
194945403.SRDLC, 19.69%, 10/24/2027 (a)(q)	Lending Club		10/26/2022		18,760		18,585		18,264
194954645.SRDLC, 25.49%, 10/24/2027 (a)(q)	Lending Club		10/26/2022		8,048		8,067		7,756
194956010.SRDLC, 27.99%, 11/22/2025 (a)(q)	Lending Club		11/16/2022		11,404		11,266		10,931
194956587.SRDLC, 20.74%, 10/27/2027 (a)(q)	Lending Club		10/31/2022		11,276		11,164		10,996
194960469.SRDLC, 15.99%, 10/25/2025 (a)(l)(q)	Lending Club		10/27/2022		14,207		14,084		13,860
194961519.SRDLC, 29.49%, 11/18/2027 (a)(l)(q)	Lending Club		11/22/2022		23,261		22,967		22,341
194964122.SRDLC, 12.69%, 10/24/2025 (a)(q)	Lending Club		10/26/2022		8,585		8,511		8,335
194964380.SRDLC, 11.29%, 10/24/2025 (a)(q)	Lending Club		10/26/2022		10,270		10,182		9,970
194968095.SRDLC, 25.49%, 10/26/2025 (a)(q)	Lending Club		10/28/2022		4,406		4,416		4,251
194969316.SRDLC, 24.49%, 10/24/2027 (a)(q)	Lending Club		10/26/2022		15,127		14,984		14,715
194970414.SRDLC, 16.99%, 10/24/2024 (a)(q)	Lending Club		10/26/2022		2,498		2,503		2,433
194974891.SRDLC, 6.00%, 10/25/2025 (a)(q)	Lending Club		10/27/2022		8,708		8,623		8,466
194975389.SRDLC, 17.24%, 10/24/2025 (a)(q)	Lending Club		10/26/2022		3,467		3,475		3,343
194975652.SRDLC, 22.24%, 10/25/2027 (a)(q)	Lending Club		10/27/2022		22,609		22,396		22,025

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

79

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
194979848.SRDLC, 28.99%, 10/24/2025 (a)(q)	Lending Club		10/26/2022	$	8,869	$	8,888	$	8,524
194981146.SRDLC, 22.24%, 10/27/2027 (a)(l)(q)	Lending Club		10/31/2022		1,793		1,775		371
194986912.SRDLC, 18.69%, 10/26/2025 (a)(q)	Lending Club		10/28/2022		2,087		2,069		2,021
194986996.SRDLC, 30.99%, 11/17/2027 (a)(q)	Lending Club		11/21/2022		19,248		19,000		18,654
194989209.SRDLC, 14.54%, 10/26/2025 (a)(q)	Lending Club		10/28/2022		8,619		8,545		8,372
194991138.SRDLC, 32.39%, 10/24/2027 (a)(l)(q)	Lending Club		10/26/2022		19,278		19,314		18,409
194991629.SRDLC, 18.19%, 10/26/2025 (a)(q)	Lending Club		10/28/2022		10,423		10,332		10,095
194999605.SRDLC, 29.99%, 10/15/2025 (a)(q)	Lending Club		10/26/2022		880		882		841
195004526.SRDLC, 11.19%, 10/27/2026 (a)(q)	Lending Club		10/31/2022		12,572		12,455		12,306
195008403.SRDLC, 15.94%, 10/27/2027 (a)(q)	Lending Club		10/31/2022		8,199		8,120		7,900
195013431.SRDLC, 30.99%, 10/31/2025 (a)(l)(q)	Lending Club		10/27/2022		2,729		2,735		2,584
195016998.SRDLC, 10.49%, 11/29/2025 (a)(l)(q)	Lending Club		12/01/2022		27,111		26,791		26,317
195018882.SRDLC, 19.69%, 10/28/2025 (a)(q)	Lending Club		11/01/2022		6,970		6,888		6,759
195028406.SRDLC, 28.99%, 10/28/2027 (a)(q)	Lending Club		11/01/2022		5,710		5,724		5,474
195041645.SRDLC, 23.99%, 04/25/2026 (a)(l)(q)	Lending Club		10/27/2022		9,207		9,299		5,726
195058306.SRDLC, 17.99%, 10/27/2024 (a)(q)	Lending Club		10/31/2022		5,086		5,094		4,960
195086153.SRDLC, 32.39%, 10/27/2027 (a)(q)	Lending Club		10/31/2022		6,868		6,868		6,590
195089060.SRDLC, 29.24%, 10/31/2027 (a)(l)(q)	Lending Club		11/02/2022		13,144		13,176		460
195096186.SRDLC, 21.99%, 10/27/2025 (a)(q)	Lending Club		10/31/2022		7,790		7,802		7,488
195097176.SRDLC, 21.99%, 10/31/2025 (a)(q)	Lending Club		11/02/2022		17,930		17,972		17,081
195108237.SRDLC, 21.99%, 10/31/2026 (a)(l)(q)	Lending Club		10/31/2022		9,336		9,343		8,943
195116475.SRDLC, 25.99%, 10/27/2025 (a)(q)	Lending Club		10/31/2022		6,350		6,360		6,137
195118376.SRDLC, 32.24%, 10/27/2027 (a)(q)	Lending Club		10/31/2022		4,565		4,572		4,375
195123243.SRDLC, 32.39%, 10/27/2027 (a)(q)	Lending Club		10/31/2022		11,473		11,490		11,013
195136154.SRDLC, 31.24%, 10/27/2027 (a)(q)	Lending Club		10/31/2022		9,548		9,561		9,144
195138873.SRDLC, 14.44%, 11/25/2025 (a)(q)	Lending Club		11/29/2022		12,396		12,249		12,059
195150996.SRDLC, 24.99%, 11/30/2025 (a)(l)(q)	Lending Club		11/22/2022		19,419		19,468		4,159
195172243.SRDLC, 17.99%, 11/03/2025 (a)(q)	Lending Club		11/07/2022		4,009		3,962		3,842
195175667.SRDLC, 27.74%, 10/28/2025 (a)(q)	Lending Club		11/01/2022		4,424		4,434		4,267
195177877.SRDLC, 30.99%, 11/03/2027 (a)(q)	Lending Club		11/07/2022		1,925		1,900		1,851
195186093.SRDLC, 16.49%, 11/07/2025 (a)(q)	Lending Club		11/09/2022		11,553		11,418		11,076
195190423.SRDLC, 26.99%, 10/31/2025 (a)(l)(q)	Lending Club		11/02/2022		4,516		4,527		4,279
195192111.SRDLC, 30.99%, 11/07/2025 (a)(q)	Lending Club		11/08/2022		2,190		2,164		2,060
195199696.SRDLC, 18.24%, 11/07/2025 (a)(q)	Lending Club		11/09/2022		8,914		8,809		8,548
195201483.SRDLC, 18.24%, 11/03/2025 (a)(q)	Lending Club		11/07/2022		2,228		2,202		2,146
195208923.SRDLC, 22.49%, 11/04/2027 (a)(q)	Lending Club		11/08/2022		3,048		3,009		2,956
195241358.SRDLC, 14.69%, 11/19/2025 (a)(q)	Lending Club		11/09/2022		6,861		6,781		6,659
195252772.SRDLC, 15.19%, 11/07/2027 (a)(q)	Lending Club		11/09/2022		6,126		6,049		5,886
195262399.SRDLC, 15.74%, 12/26/2025 (a)(q)	Lending Club		11/15/2022		7,718		7,628		7,527
195262520.SRDLC, 9.59%, 11/07/2027 (a)(q)	Lending Club		11/09/2022		37,347		36,884		36,543
195263144.SRDLC, 13.44%, 11/04/2027 (a)(q)	Lending Club		11/08/2022		8,928		8,816		8,744
195269918.SRDLC, 25.99%, 11/07/2027 (a)(q)	Lending Club		11/09/2022		5,489		5,419		5,308
195270505.SRDLC, 24.49%, 11/14/2027 (a)(q)	Lending Club		11/16/2022		15,757		15,556		15,273
195271773.SRDLC, 20.49%, 11/07/2025 (a)(q)	Lending Club		11/09/2022		1,342		1,326		1,294
195283712.SRDLC, 32.39%, 11/02/2027 (a)(q)	Lending Club		11/04/2022		8,097		8,116		7,628
195285027.SRDLC, 25.69%, 11/07/2025 (a)(q)	Lending Club		11/09/2022		4,512		4,458		4,358
195285728.SRDLC, 11.04%, 11/07/2025 (a)(q)	Lending Club		11/09/2022		19,361		19,136		18,782
195297116.SRDLC, 14.19%, 11/07/2027 (a)(l)(q)	Lending Club		11/09/2022		5,019		4,969		1,383
195298840.SRDLC, 15.99%, 11/07/2025 (a)(l)(q)	Lending Club		11/09/2022		2,000		1,974		1,978
195308227.SRDLC, 18.24%, 11/10/2025 (a)(q)	Lending Club		11/15/2022		10,251		10,130		9,845
195311601.SRDLC, 12.39%, 11/07/2025 (a)(q)	Lending Club		11/09/2022		17,644		17,439		17,119
195316572.SRDLC, 15.19%, 11/07/2027 (a)(q)	Lending Club		11/09/2022		14,607		14,424		14,036
195326284.SRDLC, 28.99%, 11/02/2027 (a)(q)	Lending Club		11/04/2022		14,450		14,486		13,580
195343443.SRDLC, 21.49%, 11/18/2027 (a)(q)	Lending Club		11/22/2022		6,087		6,102		5,835
195348577.SRDLC, 23.49%, 12/28/2025 (a)(q)	Lending Club		11/10/2022		14,801		14,624		14,473

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

80

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
195378859.SRDLC, 24.99%, 11/04/2025 (a)(q)	Lending Club		11/08/2022	$	3,245	$	3,252	$	3,104
195379818.SRDLC, 11.04%, 11/09/2025 (a)(q)	Lending Club		11/14/2022		17,600		17,396		17,086
195391011.SRDLC, 31.89%, 11/04/2026 (a)(q)	Lending Club		11/08/2022		5,667		5,680		5,381
195422463.SRDLC, 30.99%, 11/14/2027 (a)(l)(q)	Lending Club		11/16/2022		19,711		19,514		3,153
195427018.SRDLC, 32.39%, 11/14/2027 (a)(q)	Lending Club		11/16/2022		11,567		11,417		11,183
195434373.SRDLC, 18.44%, 11/15/2025 (a)(q)	Lending Club		11/17/2022		5,997		5,926		5,794
195440932.SRDLC, 10.49%, 11/10/2025 (a)(q)	Lending Club		11/15/2022		8,791		8,689		8,603
195444521.SRDLC, 18.24%, 11/10/2025 (a)(q)	Lending Club		11/15/2022		6,240		6,166		6,024
195448215.SRDLC, 30.99%, 11/09/2025 (a)(l)(q)	Lending Club		11/09/2022		3,000		3,008		384
195470601.SRDLC, 26.49%, 11/16/2025 (a)(q)	Lending Club		11/18/2022		14,853		14,887		14,276
195477282.SRDLC, 23.99%, 11/14/2025 (a)(q)	Lending Club		11/16/2022		7,199		7,113		6,889
195518264.SRDLC, 25.49%, 11/14/2027 (a)(q)	Lending Club		11/16/2022		30,960		30,565		29,997
195518645.SRDLC, 25.99%, 11/17/2025 (a)(q)	Lending Club		11/21/2022		2,708		2,714		2,607
195576173.SRDLC, 15.94%, 11/17/2027 (a)(q)	Lending Club		11/21/2022		11,794		11,645		11,363
195620310.SRDLC, 21.01%, 11/30/2025 (a)(l)(q)	Lending Club		11/23/2022		9,178		9,198		8,758
195620530.SRDLC, 28.99%, 11/21/2025 (a)(q)	Lending Club		11/23/2022		1,360		1,344		1,290
195632115.SRDLC, 28.99%, 11/21/2027 (a)(q)	Lending Club		11/23/2022		17,284		17,062		16,760
195650327.SRDLC, 25.24%, 11/17/2027 (a)(q)	Lending Club		11/21/2022		32,548		32,131		31,608
195674668.SRDLC, 16.94%, 11/18/2025 (a)(q)	Lending Club		11/22/2022		9,250		9,140		8,988
195681577.SRDLC, 22.49%, 11/21/2025 (a)(q)	Lending Club		11/23/2022		3,991		3,943		3,863
195691586.SRDLC, 25.99%, 11/21/2027 (a)(q)	Lending Club		11/23/2022		30,617		30,224		29,759
195694244.SRDLC, 15.79%, 12/06/2026 (a)(l)(q)	Lending Club		11/23/2022		19,709		19,465		19,014
195708074.SRDLC, 20.99%, 11/16/2025 (a)(q)	Lending Club		11/18/2022		5,821		5,834		5,576
195719651.SRDLC, 15.99%, 11/29/2025 (a)(l)(q)	Lending Club		12/01/2022		10,476		10,351		10,151
195727449.SRDLC, 19.34%, 11/21/2027 (a)(q)	Lending Club		11/23/2022		23,603		23,303		22,963
195752901.SRDLC, 22.99%, 11/30/2026 (a)(l)(q)	Lending Club		12/02/2022		2,533		2,501		2,448
195775483.SRDLC, 13.99%, 11/15/2025 (a)(q)	Lending Club		11/25/2022		7,409		7,321		7,192
195780386.SRDLC, 24.49%, 11/22/2027 (a)(q)	Lending Club		11/25/2022		11,460		11,313		11,144
195787955.SRDLC, 15.00%, 05/29/2028 (a)(l)(q)	Lending Club		12/01/2022		15,191		15,009		9,152
195792140.SRDLC, 23.55%, 11/16/2025 (a)(q)	Lending Club		11/18/2022		14,388		14,420		13,827
195803976.SRDLC, 18.74%, 11/23/2025 (a)(q)	Lending Club		11/28/2022		5,353		5,289		5,190
195805753.SRDLC, 24.74%, 11/23/2025 (a)(q)	Lending Club		11/28/2022		1,802		1,780		1,754
195816903.SRDLC, 30.99%, 11/18/2025 (a)(q)	Lending Club		11/22/2022		4,284		4,292		4,112
195818130.SRDLC, 23.99%, 11/29/2025 (a)(l)(q)	Lending Club		12/01/2022		6,445		6,367		6,143
195822367.SRDLC, 27.99%, 11/17/2025 (a)(q)	Lending Club		11/21/2022		2,717		2,723		2,606
195826308.SRDLC, 24.49%, 11/25/2027 (a)(q)	Lending Club		11/29/2022		1,910		1,885		1,860
195835206.SRDLC, 20.24%, 11/15/2027 (a)(q)	Lending Club		11/29/2022		11,324		11,179		11,008
195838823.SRDLC, 19.99%, 11/29/2025 (a)(l)(q)	Lending Club		12/01/2022		6,869		6,787		6,585
195844391.SRDLC, 16.49%, 11/29/2025 (a)(q)	Lending Club		12/01/2022		8,881		8,775		8,508
195844805.SRDLC, 20.74%, 11/29/2027 (a)(l)(q)	Lending Club		12/01/2022		19,210		18,964		18,592
195845073.SRDLC, 29.49%, 11/29/2025 (a)(l)(q)	Lending Club		12/01/2022		3,337		3,296		3,124
195846687.SRDLC, 17.29%, 11/25/2027 (a)(l)(q)	Lending Club		11/29/2022		19,133		18,891		18,496
195851937.SRDLC, 22.99%, 11/29/2027 (a)(l)(q)	Lending Club		12/01/2022		19,738		19,485		19,018
195854400.SRDLC, 25.99%, 11/29/2025 (a)(l)(q)	Lending Club		12/01/2022		8,861		8,753		8,425
195858143.SRDLC, 15.99%, 11/27/2025 (a)(q)	Lending Club		11/29/2022		4,444		4,391		4,332
195861675.SRDLC, 32.39%, 11/29/2027 (a)(l)(q)	Lending Club		11/23/2022		9,792		9,817		9,324
195863462.SRDLC, 24.49%, 11/29/2025 (a)(l)(q)	Lending Club		12/01/2022		1,382		1,365		1,317
195866119.SRDLC, 24.24%, 11/26/2027 (a)(q)	Lending Club		12/01/2022		23,812		23,506		23,207
195867192.SRDLC, 21.99%, 11/29/2027 (a)(l)(q)	Lending Club		12/01/2022		20,198		19,939		19,072
195871498.SRDLC, 28.99%, 11/29/2025 (a)(l)(q)	Lending Club		12/01/2022		3,706		3,660		3,469
195894661.SRDLC, 32.39%, 11/21/2027 (a)(q)	Lending Club		11/23/2022		16,916		16,954		16,138
195904333.SRDLC, 28.99%, 11/29/2027 (a)(l)(q)	Lending Club		12/01/2022		8,233		8,126		7,857
195912415.SRDLC, 12.29%, 11/15/2025 (a)(q)	Lending Club		12/01/2022		7,367		7,280		7,172
195915447.SRDLC, 12.89%, 11/29/2025 (a)(l)(q)	Lending Club		12/01/2022		20,859		20,611		20,252
195916983.SRDLC, 15.99%, 11/29/2025 (a)(l)(q)	Lending Club		12/01/2022		10,931		10,801		10,593

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

81

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
195917993.SRDLC, 24.24%, 11/29/2026 (a)(l)(q)	Lending Club		12/01/2022	$	9,438	$	9,319	$	9,119
195919335.SRDLC, 25.24%, 11/30/2027 (a)(l)(q)	Lending Club		12/01/2022		15,441		15,243		14,888
195919396.SRDLC, 17.19%, 12/02/2027 (a)(q)	Lending Club		12/01/2022		13,269		13,101		12,794
195925885.SRDLC, 12.29%, 11/29/2025 (a)(l)(q)	Lending Club		12/01/2022		9,061		8,954		8,797
195931122.SRDLC, 25.74%, 11/29/2027 (a)(l)(q)	Lending Club		12/01/2022		27,687		27,331		26,687
195935180.SRDLC, 11.79%, 11/30/2025 (a)(l)(q)	Lending Club		12/02/2022		28,974		28,631		28,132
195939283.SRDLC, 25.99%, 11/30/2025 (a)(l)(q)	Lending Club		12/02/2022		2,769		2,735		2,634
195957659.SRDLC, 28.99%, 11/30/2025 (a)(q)	Lending Club		12/02/2022		6,948		6,863		6,510
FW3283727.SRDUP, 26.38%, 07/18/2027 (a)(l)(q)	Upstart		07/21/2022		2,633		2,633		2,458
FW3283955.SRDUP, 29.56%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		3,434		3,434		718
FW3284922.SRDUP, 15.01%, 07/20/2027 (a)(q)	Upstart		07/25/2022		2,135		2,135		2,113
FW3286495.SRDUP, 27.5%, 07/25/2025 (a)(l)(q)	Upstart		07/28/2022		5,079		5,079		4,989
FW3286647.SRDUP, 29.91%, 07/19/2027 (a)(q)	Upstart		07/22/2022		2,389		2,389		2,356
FW3288044.SRDUP, 29.68%, 07/20/2027 (a)(q)	Upstart		07/25/2022		22,109		22,109		21,690
FW3289708.SRDUP, 28.36%, 07/20/2027 (a)(q)	Upstart		07/25/2022		25,466		25,466		25,020
FW3290212.SRDUP, 25.48%, 12/19/2025 (a)(q)	Upstart		07/22/2022		4,342		4,342		4,286
FW3290213.SRDUP, 20.68%, 07/18/2027 (a)(q)	Upstart		07/21/2022		13,609		13,609		13,475
FW3290339.SRDUP, 27.76%, 07/18/2027 (a)(q)	Upstart		07/21/2022		3,506		3,506		3,461
FW3290686.SRDUP, 16.05%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		9,215		9,215		1,306
FW3290870.SRDUP, 21.98%, 07/19/2027 (a)(q)	Upstart		07/22/2022		3,552		3,552		3,490
FW3290902.SRDUP, 11.7%, 07/18/2025 (a)(l)(q)	Upstart		07/21/2022		4,887		4,887		4,599
FW3291024.SRDUP, 28.81%, 07/18/2027 (a)(q)	Upstart		07/21/2022		1,387		1,387		1,369
FW3291081.SRDUP, 30.05%, 07/19/2027 (a)(q)	Upstart		07/22/2022		7,697		7,697		7,599
FW3291223.SRDUP, 27.19%, 07/18/2027 (a)(l)(q)	Upstart		07/21/2022		28,769		28,769		3,065
FW3291237.SRDUP, 11.78%, 07/19/2027 (a)(q)	Upstart		07/22/2022		24,598		24,598		24,445
FW3291253.SRDUP, 21.15%, 07/18/2027 (a)(l)(q)	Upstart		07/21/2022		3,303		3,303		468
FW3291332.SRDUP, 25.05%, 07/19/2027 (a)(q)	Upstart		07/22/2022		2,568		2,568		2,523
FW3291414.SRDUP, 30.06%, 12/18/2027 (a)(l)(q)	Upstart		07/21/2022		13,120		13,120		13,040
FW3291416.SRDUP, 29.91%, 07/18/2027 (a)(q)	Upstart		07/21/2022		1,113		1,113		1,098
FW3291496.SRDUP, 29.97%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		4,800		4,800		680
FW3291585.SRDUP, 26.59%, 07/19/2025 (a)(l)(q)	Upstart		07/22/2022		4,660		4,660		4,387
FW3291622.SRDUP, 29.25%, 07/19/2027 (a)(q)	Upstart		07/22/2022		1,851		1,851		1,828
FW3291637.SRDUP, 26.46%, 07/19/2027 (a)(q)	Upstart		07/22/2022		4,142		4,142		4,069
FW3291650.SRDUP, 21.68%, 07/20/2027 (a)(q)	Upstart		07/25/2022		2,365		2,365		2,332
FW3291688.SRDUP, 14.61%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		10,599		10,599		10,501
FW3291733.SRDUP, 28.26%, 07/19/2027 (a)(q)	Upstart		07/22/2022		2,125		2,125		2,087
FW3291755.SRDUP, 29.95%, 07/19/2027 (a)(q)	Upstart		07/22/2022		8,901		8,901		8,787
FW3291758.SRDUP, 24.98%, 07/19/2027 (a)(q)	Upstart		07/22/2022		10,075		10,075		9,956
FW3291766.SRDUP, 16.88%, 07/19/2027 (a)(q)	Upstart		07/22/2022		44,803		44,943		44,387
FW3291798.SRDUP, 22.35%, 07/19/2025 (a)(q)	Upstart		07/22/2022		4,529		4,529		4,477
FW3291834.SRDUP, 20.73%, 07/19/2025 (a)(l)(q)	Upstart		07/22/2022		828		828		779
FW3291889.SRDUP, 29.92%, 07/19/2027 (a)(q)	Upstart		07/22/2022		2,596		2,596		2,563
FW3291899.SRDUP, 29.26%, 07/19/2027 (a)(q)	Upstart		07/22/2022		1,389		1,389		1,364
FW3291964.SRDUP, 12.8%, 07/19/2027 (a)(q)	Upstart		07/22/2022		7,988		7,988		7,938
FW3292015.SRDUP, 26.59%, 07/19/2027 (a)(q)	Upstart		07/22/2022		8,206		8,206		8,112
FW3292022.SRDUP, 29.7%, 07/19/2027 (a)(q)	Upstart		07/22/2022		1,575		1,575		1,555
FW3292062.SRDUP, 23.7%, 07/19/2027 (a)(q)	Upstart		07/22/2022		9,141		9,141		8,981
FW3292064.SRDUP, 29.51%, 07/19/2027 (a)(q)	Upstart		07/22/2022		1,384		1,384		1,368
FW3292078.SRDUP, 30.05%, 07/19/2027 (a)(q)	Upstart		07/22/2022		2,504		2,504		2,459
FW3292131.SRDUP, 14.01%, 07/19/2027 (a)(q)	Upstart		07/22/2022		4,988		4,988		4,942
FW3292176.SRDUP, 26.96%, 07/19/2027 (a)(q)	Upstart		07/22/2022		13,817		13,817		13,645
FW3292190.SRDUP, 28.83%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		10,578		10,578		3,171
FW3292200.SRDUP, 21.62%, 07/19/2027 (a)(q)	Upstart		07/22/2022		3,083		3,083		3,030
FW3292251.SRDUP, 20.47%, 07/19/2025 (a)(l)(q)	Upstart		07/22/2022		973		973		959
FW3292351.SRDUP, 27.36%, 07/19/2027 (a)(q)	Upstart		07/22/2022		18,997		18,997		18,760

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

82

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3292416.SRDUP, 29.82%, 07/19/2027 (a)(q)	Upstart		07/22/2022	$	3,893	$	3,893	$	3,843
FW3292451.SRDUP, 15.45%, 07/19/2027 (a)(q)	Upstart		07/22/2022		2,861		2,861		2,835
FW3292468.SRDUP, 13.48%, 07/19/2025 (a)(q)	Upstart		07/22/2022		1,573		1,573		1,561
FW3292482.SRDUP, 28.56%, 07/19/2027 (a)(q)	Upstart		07/22/2022		5,546		5,546		5,476
FW3292504.SRDUP, 22.89%, 07/19/2027 (a)(q)	Upstart		07/22/2022		2,984		2,984		2,932
FW3292526.SRDUP, 20.12%, 07/19/2027 (a)(q)	Upstart		07/22/2022		8,971		8,971		8,846
FW3292548.SRDUP, 29.21%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		2,976		2,976		422
FW3292565.SRDUP, 25.69%, 07/19/2025 (a)(l)(q)	Upstart		07/22/2022		1,320		1,320		187
FW3292579.SRDUP, 28.37%, 07/19/2027 (a)(q)	Upstart		07/22/2022		7,392		7,392		7,299
FW3292628.SRDUP, 22.75%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		28,000		28,098		3,968
FW3292649.SRDUP, 24.71%, 07/19/2027 (a)(q)	Upstart		07/22/2022		1,833		1,833		1,810
FW3292886.SRDUP, 20.2%, 07/20/2027 (a)(q)	Upstart		07/25/2022		7,611		7,635		7,507
FW3293042.SRDUP, 14.56%, 07/20/2025 (a)(q)	Upstart		07/25/2022		2,447		2,447		2,429
FW3293259.SRDUP, 29.68%, 07/22/2027 (a)(q)	Upstart		07/27/2022		2,409		2,409		2,383
FW3293303.SRDUP, 23.79%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		6,684		6,684		590
FW3294098.SRDUP, 29.96%, 07/21/2027 (a)(q)	Upstart		07/26/2022		3,431		3,431		3,392
FW3294204.SRDUP, 21.44%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		1,470		1,470		208
FW3294222.SRDUP, 18.35%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		5,669		5,669		563
FW3294406.SRDUP, 29.84%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		2,739		2,739		388
FW3294918.SRDUP, 30.07%, 07/20/2027 (a)(q)	Upstart		07/25/2022		4,080		4,080		4,031
FW3294938.SRDUP, 25.22%, 07/20/2027 (a)(q)	Upstart		07/25/2022		12,290		12,290		12,166
FW3295053.SRDUP, 29.35%, 07/20/2027 (a)(q)	Upstart		07/25/2022		989		989		977
FW3295083.SRDUP, 24.09%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		9,003		9,003		8,902
FW3295093.SRDUP, 30.02%, 07/20/2027 (a)(q)	Upstart		07/25/2022		1,855		1,855		1,832
FW3295177.SRDUP, 13.33%, 07/20/2027 (a)(q)	Upstart		07/25/2022		31,118		31,213		30,925
FW3295297.SRDUP, 22.65%, 07/20/2025 (a)(q)	Upstart		07/25/2022		810		810		800
FW3295445.SRDUP, 26.8%, 07/20/2025 (a)(q)	Upstart		07/25/2022		1,639		1,643		1,607
FW3295447.SRDUP, 21.12%, 07/20/2025 (a)(q)	Upstart		07/25/2022		575		575		567
FW3295502.SRDUP, 30.05%, 07/20/2027 (a)(q)	Upstart		07/25/2022		2,409		2,409		2,363
FW3295540.SRDUP, 16.35%, 07/20/2027 (a)(q)	Upstart		07/25/2022		2,691		2,691		2,666
FW3295671.SRDUP, 29.89%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		14,558		14,558		4,392
FW3295689.SRDUP, 18.9%, 07/20/2027 (a)(q)	Upstart		07/25/2022		5,418		5,418		5,367
FW3295728.SRDUP, 30.02%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		11,049		11,049		10,244
FW3295735.SRDUP, 18.56%, 07/20/2027 (a)(q)	Upstart		07/25/2022		36,590		36,590		36,244
FW3295796.SRDUP, 22.23%, 07/20/2027 (a)(q)	Upstart		07/25/2022		10,019		10,019		9,849
FW3295797.SRDUP, 23.54%, 07/20/2025 (a)(q)	Upstart		07/25/2022		7,711		7,711		7,563
FW3295818.SRDUP, 13.96%, 07/20/2027 (a)(q)	Upstart		07/25/2022		4,453		4,453		4,413
FW3295830.SRDUP, 24.97%, 07/20/2027 (a)(q)	Upstart		07/25/2022		12,286		12,286		12,143
FW3295846.SRDUP, 25.39%, 07/20/2027 (a)(q)	Upstart		07/25/2022		4,589		4,589		4,510
FW3296068.SRDUP, 29.7%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		3,747		3,747		531
FW3296151.SRDUP, 19.76%, 07/20/2027 (a)(q)	Upstart		07/25/2022		4,073		4,073		4,017
FW3296166.SRDUP, 29.81%, 07/20/2027 (a)(q)	Upstart		07/25/2022		1,020		1,020		1,002
FW3296173.SRDUP, 30.01%, 12/20/2027 (a)(l)(q)	Upstart		07/25/2022		3,079		3,079		2,874
FW3296181.SRDUP, 29.55%, 07/20/2027 (a)(q)	Upstart		07/25/2022		926		926		910
FW3296332.SRDUP, 19.23%, 07/20/2027 (a)(q)	Upstart		07/25/2022		15,184		15,184		15,042
FW3296348.SRDUP, 15.38%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		19,942		19,942		18,529
FW3296373.SRDUP, 15.48%, 07/20/2027 (a)(q)	Upstart		07/25/2022		3,029		3,029		3,001
FW3296412.SRDUP, 24.47%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		4,504		4,504		4,425
FW3296419.SRDUP, 20.41%, 07/20/2027 (a)(q)	Upstart		07/25/2022		13,146		13,146		12,966
FW3296429.SRDUP, 29.12%, 07/20/2027 (a)(q)	Upstart		07/25/2022		2,678		2,678		2,649
FW3296453.SRDUP, 29.73%, 07/20/2027 (a)(q)	Upstart		07/25/2022		1,946		1,946		1,922
FW3296535.SRDUP, 29.72%, 07/20/2027 (a)(q)	Upstart		07/25/2022		1,019		1,019		1,007
FW3296562.SRDUP, 30.02%, 12/21/2027 (a)(l)(q)	Upstart		07/26/2022		4,368		4,368		221
FW3296700.SRDUP, 21.85%, 07/21/2025 (a)(q)	Upstart		07/26/2022		1,211		1,211		1,198
FW3296885.SRDUP, 29.91%, 07/26/2027 (a)(q)	Upstart		07/29/2022		1,014		1,014		999

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

83

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3296937.SRDUP, 25.12%, 12/21/2027 (a)(l)(q)	Upstart		07/26/2022	$	17,542	$	17,542	$	1,046
FW3297103.SRDUP, 18.69%, 07/22/2027 (a)(q)	Upstart		07/27/2022		8,974		8,974		8,894
FW3297289.SRDUP, 29.73%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,853		1,853		1,832
FW3297539.SRDUP, 30.06%, 07/21/2027 (a)(q)	Upstart		07/26/2022		2,481		2,481		2,453
FW3297600.SRDUP, 24%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,281		1,281		1,259
FW3297752.SRDUP, 29.53%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,112		1,112		1,099
FW3297758.SRDUP, 24.59%, 07/22/2025 (a)(l)(q)	Upstart		07/27/2022		10,371		10,371		2,297
FW3298130.SRDUP, 10.14%, 07/21/2027 (a)(q)	Upstart		07/26/2022		15,846		15,846		15,792
FW3298144.SRDUP, 24.93%, 07/21/2027 (a)(q)	Upstart		07/26/2022		5,134		5,134		5,048
FW3298166.SRDUP, 29.2%, 07/21/2027 (a)(q)	Upstart		07/26/2022		925		925		909
FW3298181.SRDUP, 24.33%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		24,162		24,162		3,424
FW3298214.SRDUP, 30.04%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		1,965		1,965		1,841
FW3298264.SRDUP, 28.85%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,387		1,387		1,371
FW3298271.SRDUP, 29.2%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,574		1,574		1,556
FW3298285.SRDUP, 17.19%, 07/21/2027 (a)(q)	Upstart		07/26/2022		5,030		5,030		4,985
FW3298288.SRDUP, 21.61%, 07/21/2027 (a)(q)	Upstart		07/26/2022		2,728		2,728		2,691
FW3298294.SRDUP, 29.06%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		6,386		6,386		1,345
FW3298299.SRDUP, 23.38%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,500		1,500		1,474
FW3298305.SRDUP, 26.79%, 07/21/2025 (a)(q)	Upstart		07/26/2022		2,458		2,458		2,412
FW3298309.SRDUP, 23.61%, 07/21/2025 (a)(q)	Upstart		07/26/2022		2,030		2,030		2,008
FW3298360.SRDUP, 17.54%, 07/21/2027 (a)(q)	Upstart		07/26/2022		13,496		13,496		13,373
FW3298378.SRDUP, 29.87%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		1,881		1,881		266
FW3298386.SRDUP, 29.84%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,298		1,298		1,283
FW3298397.SRDUP, 24.94%, 07/21/2025 (a)(q)	Upstart		07/26/2022		1,140		1,140		1,116
FW3298419.SRDUP, 9.73%, 07/21/2027 (a)(q)	Upstart		07/26/2022		5,270		5,270		5,252
FW3298427.SRDUP, 30%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		1,760		1,760		371
FW3298464.SRDUP, 24.8%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		7,794		7,794		1,104
FW3298471.SRDUP, 16.19%, 07/21/2025 (a)(l)(q)	Upstart		07/26/2022		6,464		6,464		916
FW3298481.SRDUP, 30.03%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,099		1,099		1,087
FW3298486.SRDUP, 24.13%, 07/21/2027 (a)(q)	Upstart		07/26/2022		2,288		2,288		2,249
FW3298488.SRDUP, 29.77%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,112		1,112		1,099
FW3298491.SRDUP, 29.83%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		3,784		3,784		1,144
FW3298492.SRDUP, 23.33%, 07/21/2025 (a)(q)	Upstart		07/26/2022		4,053		4,053		4,017
FW3298502.SRDUP, 29.84%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		1,987		1,987		564
FW3298513.SRDUP, 16.72%, 07/21/2025 (a)(q)	Upstart		07/26/2022		1,190		1,190		1,182
FW3298516.SRDUP, 29.65%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		2,249		2,249		476
FW3298519.SRDUP, 24%, 07/21/2025 (a)(q)	Upstart		07/26/2022		2,033		2,033		2,011
FW3298523.SRDUP, 25.54%, 07/21/2027 (a)(q)	Upstart		07/26/2022		918		918		903
FW3298539.SRDUP, 9.98%, 07/21/2027 (a)(q)	Upstart		07/26/2022		7,815		7,815		7,788
FW3298544.SRDUP, 26.53%, 07/21/2027 (a)(q)	Upstart		07/26/2022		3,650		3,650		3,587
FW3298546.SRDUP, 30.05%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,189		1,189		1,175
FW3298602.SRDUP, 30.06%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,864		1,864		1,837
FW3298605.SRDUP, 29.81%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,020		1,020		1,008
FW3298624.SRDUP, 29.97%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,298		1,298		1,283
FW3298628.SRDUP, 27.77%, 07/21/2027 (a)(q)	Upstart		07/26/2022		5,168		5,168		5,109
FW3298637.SRDUP, 24.42%, 07/21/2027 (a)(q)	Upstart		07/26/2022		9,157		9,157		9,055
FW3298641.SRDUP, 29.65%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,105		1,105		1,086
FW3298666.SRDUP, 29.92%, 07/21/2027 (a)(q)	Upstart		07/26/2022		8,714		8,714		8,613
FW3298675.SRDUP, 23.45%, 07/21/2025 (a)(l)(q)	Upstart		07/26/2022		2,615		2,615		2,464
FW3298683.SRDUP, 23.34%, 07/21/2027 (a)(q)	Upstart		07/26/2022		8,970		8,970		8,820
FW3298685.SRDUP, 17.06%, 07/21/2027 (a)(q)	Upstart		07/26/2022		4,356		4,356		4,312
FW3298714.SRDUP, 11.53%, 07/21/2025 (a)(q)	Upstart		07/26/2022		6,564		6,564		6,516
FW3299898.SRDUP, 23.69%, 07/25/2027 (a)(q)	Upstart		07/28/2022		5,759		5,759		5,670
FW3300534.SRDUP, 29.83%, 07/22/2027 (a)(q)	Upstart		07/27/2022		1,112		1,112		1,100
FW3300721.SRDUP, 28.35%, 07/22/2027 (a)(q)	Upstart		07/27/2022		924		924		914

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

84

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3301039.SRDUP, 27.45%, 07/22/2025 (a)(q)	Upstart		07/27/2022	$	5,746	$	5,746	$	5,640
FW3301047.SRDUP, 28.82%, 12/22/2027 (a)(l)(q)	Upstart		07/27/2022		1,091		1,091		304
FW3301370.SRDUP, 29.76%, 07/22/2027 (a)(q)	Upstart		07/27/2022		5,560		5,560		5,499
FW3301471.SRDUP, 28.94%, 07/22/2027 (a)(q)	Upstart		07/27/2022		1,359		1,359		1,338
FW3301508.SRDUP, 28.79%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		2,244		2,244		318
FW3301527.SRDUP, 25.51%, 07/22/2027 (a)(q)	Upstart		07/27/2022		3,957		3,957		3,882
FW3301605.SRDUP, 18.56%, 07/22/2027 (a)(q)	Upstart		07/27/2022		3,168		3,168		3,139
FW3301624.SRDUP, 29.92%, 07/22/2027 (a)(q)	Upstart		07/27/2022		923		923		914
FW3301691.SRDUP, 30.02%, 07/22/2027 (a)(q)	Upstart		07/27/2022		987		987		976
FW3301765.SRDUP, 22.39%, 12/22/2027 (a)(l)(q)	Upstart		07/27/2022		4,334		4,334		472
FW3301788.SRDUP, 29.88%, 07/22/2027 (a)(q)	Upstart		07/27/2022		7,807		7,807		7,726
FW3301790.SRDUP, 19.3%, 07/22/2025 (a)(q)	Upstart		07/27/2022		1,566		1,566		1,552
FW3301807.SRDUP, 29.91%, 07/22/2027 (a)(q)	Upstart		07/27/2022		3,986		3,986		3,942
FW3301848.SRDUP, 29.95%, 07/22/2027 (a)(q)	Upstart		07/27/2022		1,947		1,947		1,925
FW3301899.SRDUP, 28.79%, 07/22/2027 (a)(q)	Upstart		07/27/2022		4,632		4,632		4,582
FW3301910.SRDUP, 27.83%, 07/22/2027 (a)(q)	Upstart		07/27/2022		10,696		10,696		10,595
FW3301944.SRDUP, 29.98%, 07/22/2027 (a)(q)	Upstart		07/27/2022		7,418		7,418		7,335
FW3301977.SRDUP, 28.81%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		20,881		20,881		20,630
FW3301997.SRDUP, 26.62%, 07/22/2027 (a)(q)	Upstart		07/27/2022		2,832		2,832		2,804
FW3302004.SRDUP, 18.8%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		3,782		3,782		722
FW3302019.SRDUP, 27.78%, 07/22/2027 (a)(q)	Upstart		07/27/2022		4,614		4,614		4,537
FW3302025.SRDUP, 17.64%, 07/22/2025 (a)(q)	Upstart		07/27/2022		39,856		39,856		39,567
FW3302029.SRDUP, 28.29%, 07/22/2027 (a)(q)	Upstart		07/27/2022		3,695		3,695		3,655
FW3302043.SRDUP, 30.03%, 07/22/2027 (a)(q)	Upstart		07/27/2022		2,362		2,362		2,335
FW3302058.SRDUP, 27.46%, 07/22/2025 (a)(q)	Upstart		07/27/2022		3,858		3,858		3,816
FW3302152.SRDUP, 30.03%, 07/22/2027 (a)(q)	Upstart		07/27/2022		1,113		1,113		1,100
FW3302178.SRDUP, 20.72%, 07/22/2027 (a)(q)	Upstart		07/27/2022		20,089		20,089		19,905
FW3302202.SRDUP, 14.18%, 07/22/2025 (a)(q)	Upstart		07/27/2022		1,183		1,183		1,174
FW3302207.SRDUP, 27.21%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		26,699		26,699		5,657
FW3302283.SRDUP, 28.13%, 07/22/2027 (a)(q)	Upstart		07/27/2022		6,039		6,039		5,938
FW3302296.SRDUP, 27.44%, 12/22/2027 (a)(l)(q)	Upstart		07/27/2022		14,076		14,076		13,907
FW3302374.SRDUP, 26.96%, 07/22/2027 (a)(q)	Upstart		07/27/2022		17,133		17,133		16,949
FW3302387.SRDUP, 29.52%, 12/22/2027 (a)(l)(q)	Upstart		07/27/2022		2,159		2,159		2,134
FW3302388.SRDUP, 23.22%, 07/22/2027 (a)(q)	Upstart		07/27/2022		12,600		12,600		12,393
FW3302465.SRDUP, 29.11%, 07/22/2027 (a)(q)	Upstart		07/27/2022		13,789		13,789		13,638
FW3302502.SRDUP, 29.44%, 07/22/2027 (a)(q)	Upstart		07/27/2022		13,891		13,891		13,738
FW3302517.SRDUP, 21.29%, 07/22/2027 (a)(q)	Upstart		07/27/2022		18,177		18,177		17,936
FW3302534.SRDUP, 17.73%, 07/22/2025 (a)(q)	Upstart		07/27/2022		797		797		792
FW3302563.SRDUP, 16.9%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		5,892		5,892		5,835
FW3302569.SRDUP, 20.53%, 07/22/2025 (a)(q)	Upstart		07/27/2022		902		902		889
FW3302576.SRDUP, 23.4%, 07/22/2027 (a)(q)	Upstart		07/27/2022		2,101		2,101		2,067
FW3302594.SRDUP, 27.14%, 07/22/2027 (a)(q)	Upstart		07/27/2022		18,312		18,312		18,135
FW3302613.SRDUP, 19.85%, 07/22/2025 (a)(q)	Upstart		07/27/2022		4,013		4,013		3,972
FW3302659.SRDUP, 28.21%, 07/22/2027 (a)(q)	Upstart		07/27/2022		5,080		5,080		5,025
FW3302687.SRDUP, 12.86%, 07/22/2027 (a)(q)	Upstart		07/27/2022		22,919		22,919		22,781
FW3302704.SRDUP, 25.78%, 07/22/2027 (a)(q)	Upstart		07/27/2022		10,337		10,337		10,167
FW3302708.SRDUP, 17.05%, 07/22/2027 (a)(q)	Upstart		07/27/2022		4,493		4,493		4,453
FW3302733.SRDUP, 26.1%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		4,976		4,993		4,890
FW3302761.SRDUP, 29.97%, 12/25/2027 (a)(l)(q)	Upstart		07/28/2022		1,853		1,853		561
FW3302762.SRDUP, 29.97%, 07/22/2027 (a)(q)	Upstart		07/27/2022		1,484		1,484		1,467
FW3302793.SRDUP, 29.58%, 07/22/2027 (a)(q)	Upstart		07/27/2022		3,706		3,706		3,665
FW3302804.SRDUP, 14.21%, 07/22/2027 (a)(q)	Upstart		07/27/2022		22,337		22,337		22,143
FW3302814.SRDUP, 30.04%, 07/22/2027 (a)(q)	Upstart		07/27/2022		11,591		11,591		11,395
FW3302820.SRDUP, 24.27%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		2,240		2,240		257
FW3302855.SRDUP, 27.05%, 07/22/2025 (a)(q)	Upstart		07/27/2022		1,640		1,640		1,610

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

85

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3302856.SRDUP, 29.85%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022	$	7,868	$	7,868	$	7,738
FW3302922.SRDUP, 29.9%, 07/22/2027 (a)(q)	Upstart		07/27/2022		1,205		1,205		1,192
FW3302940.SRDUP, 27.54%, 07/22/2027 (a)(q)	Upstart		07/27/2022		1,845		1,845		1,825
FW3302947.SRDUP, 26.6%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		4,719		4,719		996
FW3302964.SRDUP, 26.13%, 07/22/2027 (a)(q)	Upstart		07/27/2022		9,194		9,194		9,095
FW3302981.SRDUP, 25.78%, 07/22/2027 (a)(q)	Upstart		07/27/2022		3,307		3,307		3,272
FW3303019.SRDUP, 20.74%, 07/25/2027 (a)(q)	Upstart		07/28/2022		6,335		6,335		6,258
FW3303054.SRDUP, 29.66%, 07/22/2027 (a)(q)	Upstart		07/27/2022		1,000		1,000		981
FW3303065.SRDUP, 16.37%, 07/22/2027 (a)(q)	Upstart		07/27/2022		6,278		6,278		6,222
FW3303089.SRDUP, 18.18%, 07/22/2027 (a)(q)	Upstart		07/27/2022		2,704		2,704		2,680
FW3303142.SRDUP, 30.06%, 07/22/2027 (a)(q)	Upstart		07/27/2022		2,133		2,133		2,109
FW3303161.SRDUP, 27.41%, 07/22/2025 (a)(l)(q)	Upstart		07/27/2022		2,611		2,611		2,560
FW3303183.SRDUP, 30.04%, 07/22/2027 (a)(q)	Upstart		07/27/2022		3,153		3,153		3,118
FW3303253.SRDUP, 22.53%, 07/22/2027 (a)(q)	Upstart		07/27/2022		3,082		3,082		3,041
FW3303255.SRDUP, 28.52%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		11,592		11,592		11,453
FW3303289.SRDUP, 24.61%, 07/22/2025 (a)(q)	Upstart		07/27/2022		814		814		806
FW3303333.SRDUP, 22.45%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		20,967		20,967		1,960
FW3303338.SRDUP, 29.27%, 07/22/2027 (a)(q)	Upstart		07/27/2022		1,852		1,852		1,831
FW3303383.SRDUP, 29.28%, 07/22/2027 (a)(q)	Upstart		07/27/2022		4,542		4,542		4,465
FW3303671.SRDUP, 23.82%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		1,447		1,447		205
FW3304498.SRDUP, 13.39%, 07/27/2027 (a)(q)	Upstart		08/01/2022		9,573		9,573		9,517
FW3304515.SRDUP, 29.45%, 12/25/2027 (a)(l)(q)	Upstart		07/28/2022		1,600		1,600		1,593
FW3304525.SRDUP, 13.71%, 07/25/2025 (a)(q)	Upstart		07/28/2022		5,510		5,510		5,472
FW3304530.SRDUP, 26%, 07/25/2025 (a)(q)	Upstart		07/28/2022		2,549		2,549		2,509
FW3304565.SRDUP, 17.02%, 07/25/2027 (a)(q)	Upstart		07/28/2022		8,984		8,984		8,909
FW3304599.SRDUP, 29.9%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,020		1,020		1,010
FW3304627.SRDUP, 21.27%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		1,048		1,048		1,038
FW3304678.SRDUP, 22.28%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		17,537		17,537		17,267
FW3304684.SRDUP, 24.32%, 07/25/2027 (a)(q)	Upstart		07/28/2022		5,911		5,911		5,821
FW3304697.SRDUP, 29.98%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		1,404		1,404		1,390
FW3304771.SRDUP, 20.26%, 07/25/2027 (a)(q)	Upstart		07/28/2022		5,075		5,075		5,013
FW3304997.SRDUP, 18.36%, 07/25/2025 (a)(l)(q)	Upstart		07/28/2022		4,911		4,911		4,870
FW3305012.SRDUP, 29.8%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,269		1,269		1,248
FW3305015.SRDUP, 24.56%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,104		1,104		1,087
FW3305037.SRDUP, 29.85%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,268		1,268		1,252
FW3305094.SRDUP, 27.38%, 07/25/2027 (a)(q)	Upstart		07/28/2022		9,219		9,249		9,135
FW3305173.SRDUP, 29.89%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,390		1,390		1,377
FW3305175.SRDUP, 29.64%, 07/25/2027 (a)(q)	Upstart		07/28/2022		2,687		2,687		2,662
FW3305205.SRDUP, 29.65%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,019		1,023		1,010
FW3305215.SRDUP, 25.94%, 07/25/2027 (a)(q)	Upstart		07/28/2022		3,676		3,676		3,643
FW3305224.SRDUP, 26.42%, 12/25/2027 (a)(l)(q)	Upstart		07/28/2022		6,315		6,315		6,251
FW3305228.SRDUP, 24.48%, 07/25/2027 (a)(q)	Upstart		07/28/2022		18,317		18,317		18,035
FW3305247.SRDUP, 22.75%, 07/25/2027 (a)(q)	Upstart		07/28/2022		10,944		10,944		10,848
FW3305296.SRDUP, 30.06%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		1,310		1,310		1,296
FW3305303.SRDUP, 16.76%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		30,477		30,477		30,222
FW3305335.SRDUP, 30.04%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		5,047		5,047		715
FW3305337.SRDUP, 25.56%, 07/25/2027 (a)(q)	Upstart		07/28/2022		14,690		14,690		14,462
FW3305359.SRDUP, 29.63%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		1,945		1,945		1,925
FW3305370.SRDUP, 25.89%, 07/25/2027 (a)(q)	Upstart		07/28/2022		2,113		2,113		2,094
FW3305428.SRDUP, 30.04%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,484		1,484		1,470
FW3305435.SRDUP, 29.32%, 07/25/2027 (a)(q)	Upstart		07/28/2022		3,889		3,889		3,852
FW3305447.SRDUP, 17.58%, 07/25/2027 (a)(q)	Upstart		07/28/2022		5,039		5,039		4,997
FW3305451.SRDUP, 15.13%, 07/25/2027 (a)(q)	Upstart		07/28/2022		8,853		8,853		8,780
FW3305493.SRDUP, 27.6%, 07/25/2027 (a)(q)	Upstart		07/28/2022		6,447		6,447		6,397
FW3305510.SRDUP, 28.18%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		15,213		15,213		3,078

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

86

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3305512.SRDUP, 24.02%, 07/25/2027 (a)(q)	Upstart		07/28/2022	$	2,287	$	2,287	$	2,252
FW3305551.SRDUP, 26.59%, 07/25/2027 (a)(q)	Upstart		07/28/2022		2,637		2,637		2,595
FW3305624.SRDUP, 28.68%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,849		1,849		1,832
FW3305654.SRDUP, 14.13%, 07/25/2027 (a)(q)	Upstart		07/28/2022		44,541		44,541		44,183
FW3305698.SRDUP, 26.31%, 07/25/2027 (a)(q)	Upstart		07/28/2022		12,325		12,325		12,133
FW3305714.SRDUP, 19.72%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		23,860		23,860		23,566
FW3305720.SRDUP, 22.37%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		11,139		11,178		1,578
FW3305743.SRDUP, 14.93%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,474		1,474		1,466
FW3305845.SRDUP, 24.69%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		21,762		21,762		21,423
FW3308055.SRDUP, 27.97%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		3,185		3,185		3,156
FW3308699.SRDUP, 10.39%, 07/26/2027 (a)(q)	Upstart		07/29/2022		44,050		44,050		43,911
FW3308938.SRDUP, 18.94%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		6,340		6,340		640
FW3308999.SRDUP, 18.4%, 07/26/2027 (a)(q)	Upstart		07/29/2022		45,092		45,092		44,718
FW3309430.SRDUP, 30.02%, 07/26/2027 (a)(q)	Upstart		07/29/2022		2,782		2,782		2,757
FW3309519.SRDUP, 29.75%, 07/26/2027 (a)(q)	Upstart		07/29/2022		2,131		2,131		2,113
FW3309589.SRDUP, 29.95%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		4,211		4,211		4,146
FW3309638.SRDUP, 29.61%, 07/26/2027 (a)(q)	Upstart		07/29/2022		3,057		3,057		3,030
FW3309677.SRDUP, 29.2%, 07/26/2027 (a)(q)	Upstart		07/29/2022		3,425		3,425		3,372
FW3309698.SRDUP, 23.08%, 07/26/2027 (a)(q)	Upstart		07/29/2022		1,552		1,552		1,528
FW3309707.SRDUP, 25.32%, 07/26/2027 (a)(q)	Upstart		07/29/2022		2,294		2,294		2,275
FW3309708.SRDUP, 25.54%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		7,598		7,598		1,623
FW3309744.SRDUP, 29.94%, 12/26/2027 (a)(l)(q)	Upstart		07/29/2022		2,071		2,071		2,059
FW3309749.SRDUP, 29.42%, 07/26/2027 (a)(q)	Upstart		07/29/2022		1,111		1,111		1,101
FW3309752.SRDUP, 27.05%, 07/26/2027 (a)(q)	Upstart		07/29/2022		5,469		5,469		5,426
FW3309772.SRDUP, 29.35%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		2,681		2,681		380
FW3309784.SRDUP, 27.45%, 07/26/2027 (a)(q)	Upstart		07/29/2022		8,234		8,234		8,170
FW3309804.SRDUP, 29.62%, 07/26/2027 (a)(q)	Upstart		07/29/2022		1,390		1,390		1,377
FW3309830.SRDUP, 14.7%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		6,322		6,322		6,270
FW3309860.SRDUP, 12.57%, 07/26/2027 (a)(q)	Upstart		07/29/2022		17,739		17,739		17,640
FW3309864.SRDUP, 19.92%, 07/26/2027 (a)(q)	Upstart		07/29/2022		10,853		10,853		10,726
FW3309870.SRDUP, 21.93%, 07/26/2027 (a)(q)	Upstart		07/29/2022		1,456		1,456		1,439
FW3309906.SRDUP, 25.5%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		19,326		19,394		2,738
FW3309963.SRDUP, 16.93%, 07/26/2027 (a)(q)	Upstart		07/29/2022		15,000		15,047		14,877
FW3309965.SRDUP, 29.97%, 07/26/2027 (a)(q)	Upstart		07/29/2022		5,007		5,007		4,962
FW3309981.SRDUP, 30.05%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		4,389		4,389		1,342
FW3309999.SRDUP, 29.2%, 05/26/2028 (a)(l)(q)	Upstart		07/29/2022		5,984		5,984		5,906
FW3310027.SRDUP, 29.97%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		1,470		1,470		208
FW3310063.SRDUP, 29.03%, 07/26/2027 (a)(q)	Upstart		07/29/2022		18,329		18,329		18,184
FW3310091.SRDUP, 29.87%, 07/26/2027 (a)(q)	Upstart		07/29/2022		4,079		4,079		4,043
FW3310146.SRDUP, 29.84%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		1,655		1,655		1,641
FW3310157.SRDUP, 29.13%, 07/26/2027 (a)(q)	Upstart		07/29/2022		1,296		1,300		1,285
FW3310219.SRDUP, 28.22%, 07/26/2027 (a)(q)	Upstart		07/29/2022		1,095		1,095		1,086
FW3310226.SRDUP, 15.16%, 07/26/2027 (a)(q)	Upstart		07/29/2022		3,115		3,115		3,090
FW3310343.SRDUP, 30.05%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		3,746		3,746		531
FW3310464.SRDUP, 29.85%, 07/26/2027 (a)(q)	Upstart		07/29/2022		1,370		1,370		1,358
FW3310465.SRDUP, 29.8%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		1,886		1,886		267
FW3310524.SRDUP, 13.89%, 07/26/2027 (a)(q)	Upstart		07/29/2022		4,007		4,007		3,975
FW3310529.SRDUP, 29.89%, 07/26/2027 (a)(q)	Upstart		07/29/2022		2,132		2,132		2,099
FW3310561.SRDUP, 28.85%, 07/26/2027 (a)(q)	Upstart		07/29/2022		2,127		2,127		2,109
FW3310566.SRDUP, 24.9%, 07/26/2027 (a)(q)	Upstart		07/29/2022		2,108		2,108		2,082
FW3310610.SRDUP, 26.76%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		5,527		5,527		5,442
FW3310624.SRDUP, 14.42%, 07/26/2027 (a)(q)	Upstart		07/29/2022		38,668		38,668		38,362
FW3310642.SRDUP, 30.06%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		1,663		1,663		236
FW3310700.SRDUP, 14.47%, 07/26/2027 (a)(q)	Upstart		07/29/2022		4,995		4,995		4,955
FW3310737.SRDUP, 29.9%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		12,505		12,130		3,444

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

87

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3310751.SRDUP, 17.51%, 07/26/2027 (a)(q)	Upstart		07/29/2022	$	4,496	$	4,510	$	4,459
FW3310783.SRDUP, 29.9%, 07/26/2027 (a)(q)	Upstart		07/29/2022		3,036		3,036		3,012
FW3310815.SRDUP, 29.68%, 07/26/2027 (a)(q)	Upstart		07/29/2022		1,019		1,019		1,010
FW3310837.SRDUP, 25.22%, 05/26/2028 (a)(q)	Upstart		07/29/2022		23,124		23,124		22,780
FW3310844.SRDUP, 11.2%, 07/26/2027 (a)(q)	Upstart		07/29/2022		4,946		4,946		4,930
FW3310852.SRDUP, 29.35%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		1,065		1,065		151
FW3310867.SRDUP, 27.49%, 07/27/2025 (a)(q)	Upstart		08/01/2022		1,067		1,067		1,053
FW3310883.SRDUP, 27.31%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		1,155		1,159		164
FW3310909.SRDUP, 27.36%, 07/27/2027 (a)(q)	Upstart		08/01/2022		2,766		2,766		2,748
FW3310939.SRDUP, 23.96%, 07/26/2027 (a)(q)	Upstart		07/29/2022		4,007		4,007		3,938
FW3310959.SRDUP, 29.54%, 07/26/2027 (a)(q)	Upstart		07/29/2022		218		218		217
FW3310966.SRDUP, 16.27%, 07/26/2027 (a)(q)	Upstart		07/29/2022		7,174		7,174		7,115
FW3310967.SRDUP, 29.6%, 07/26/2027 (a)(q)	Upstart		07/29/2022		27,793		27,793		27,548
FW3311024.SRDUP, 30.01%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		32,003		32,003		31,720
FW3311027.SRDUP, 16.76%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		27,409		27,409		3,884
FW3311078.SRDUP, 20.73%, 07/26/2025 (a)(q)	Upstart		07/29/2022		2,736		2,736		2,712
FW3311082.SRDUP, 29.51%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		3,927		3,927		556
FW3311398.SRDUP, 30.07%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		9,336		9,336		1,323
FW3311652.SRDUP, 30.03%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		15,909		15,909		15,792
FW3311803.SRDUP, 27.98%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		1,536		1,536		129
FW3311812.SRDUP, 29.83%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		1,280		1,280		1,270
FW3311940.SRDUP, 26.74%, 07/27/2025 (a)(q)	Upstart		08/01/2022		901		901		889
FW3311979.SRDUP, 29.5%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		1,373		1,373		1,352
FW3312074.SRDUP, 19.02%, 07/27/2027 (a)(q)	Upstart		08/01/2022		41,347		41,347		40,879
FW3312100.SRDUP, 29.81%, 07/27/2027 (a)(q)	Upstart		08/01/2022		2,773		2,773		2,727
FW3312119.SRDUP, 29.92%, 07/27/2027 (a)(q)	Upstart		08/01/2022		1,854		1,854		1,841
FW3312129.SRDUP, 16.47%, 07/27/2027 (a)(q)	Upstart		08/01/2022		2,243		2,243		2,225
FW3312131.SRDUP, 24.54%, 12/27/2027 (a)(l)(q)	Upstart		08/01/2022		5,552		5,552		5,499
FW3312147.SRDUP, 29.83%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		2,552		2,552		2,490
FW3312151.SRDUP, 29.86%, 07/27/2027 (a)(q)	Upstart		08/01/2022		4,450		4,450		4,420
FW3312164.SRDUP, 29.79%, 07/27/2027 (a)(q)	Upstart		08/01/2022		7,878		7,878		7,824
FW3312218.SRDUP, 29.64%, 07/27/2027 (a)(q)	Upstart		08/01/2022		1,777		1,777		1,760
FW3312219.SRDUP, 25.23%, 07/27/2025 (a)(q)	Upstart		08/01/2022		2,773		2,773		2,737
FW3312228.SRDUP, 28.4%, 12/27/2027 (a)(l)(q)	Upstart		08/01/2022		6,723		6,723		6,558
FW3312235.SRDUP, 19.25%, 07/27/2027 (a)(q)	Upstart		08/01/2022		4,519		4,519		4,468
FW3312238.SRDUP, 27.09%, 07/27/2027 (a)(q)	Upstart		08/01/2022		9,214		9,214		9,104
FW3312315.SRDUP, 29.97%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		2,555		2,555		785
FW3312345.SRDUP, 23.99%, 07/27/2027 (a)(q)	Upstart		08/01/2022		9,148		9,148		9,017
FW3312370.SRDUP, 29.17%, 07/27/2027 (a)(q)	Upstart		08/01/2022		4,048		4,060		3,996
FW3312405.SRDUP, 19.15%, 07/27/2027 (a)(q)	Upstart		08/01/2022		9,040		9,040		8,938
FW3312406.SRDUP, 15.1%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		4,103		4,103		4,052
FW3312420.SRDUP, 29.93%, 07/27/2027 (a)(q)	Upstart		08/01/2022		917		917		910
FW3312437.SRDUP, 29.29%, 07/27/2027 (a)(q)	Upstart		08/01/2022		2,479		2,479		2,460
FW3312467.SRDUP, 20.17%, 07/27/2027 (a)(q)	Upstart		08/01/2022		11,056		11,056		10,967
FW3312496.SRDUP, 28.76%, 07/27/2027 (a)(q)	Upstart		08/01/2022		2,676		2,676		2,658
FW3312527.SRDUP, 22.46%, 07/27/2027 (a)(q)	Upstart		08/01/2022		1,823		1,823		1,797
FW3312539.SRDUP, 18.94%, 07/27/2027 (a)(q)	Upstart		08/01/2022		9,031		9,031		8,929
FW3312551.SRDUP, 21.88%, 07/27/2025 (a)(l)(q)	Upstart		08/01/2022		2,931		2,931		415
FW3312556.SRDUP, 25.85%, 07/27/2027 (a)(q)	Upstart		08/01/2022		10,299		10,299		10,234
FW3312687.SRDUP, 12.84%, 07/27/2025 (a)(q)	Upstart		08/01/2022		9,418		9,418		9,364
FW3312693.SRDUP, 29.92%, 07/27/2027 (a)(q)	Upstart		08/01/2022		4,357		4,357		4,328
FW3312723.SRDUP, 14.45%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		9,539		9,539		1,352
FW3312739.SRDUP, 22.49%, 07/27/2027 (a)(q)	Upstart		08/01/2022		4,557		4,557		4,505
FW3312742.SRDUP, 26.16%, 07/27/2027 (a)(q)	Upstart		08/01/2022		11,953		11,953		11,811
FW3312758.SRDUP, 25.16%, 07/27/2027 (a)(q)	Upstart		08/01/2022		1,651		1,651		1,641

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

88

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3312768.SRDUP, 26.81%, 07/27/2025 (a)(q)	Upstart		08/01/2022	$	2,950	$	2,950	$	2,911
FW3312868.SRDUP, 21.62%, 07/27/2027 (a)(q)	Upstart		08/01/2022		6,821		6,821		6,743
FW3312880.SRDUP, 29.78%, 07/27/2027 (a)(q)	Upstart		08/01/2022		1,483		1,483		1,470
FW3312883.SRDUP, 26.26%, 07/27/2027 (a)(q)	Upstart		08/01/2022		9,197		9,197		9,138
FW3312892.SRDUP, 22.39%, 07/27/2027 (a)(q)	Upstart		08/01/2022		2,551		2,551		2,515
FW3312918.SRDUP, 29.8%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		10,983		10,983		1,556
FW3312926.SRDUP, 29.56%, 07/27/2027 (a)(q)	Upstart		08/01/2022		4,829		4,829		4,776
FW3312945.SRDUP, 12.26%, 07/27/2025 (a)(q)	Upstart		08/01/2022		1,329		1,329		1,322
FW3312949.SRDUP, 12.97%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		4,425		4,425		4,400
FW3316977.SRDUP, 25.55%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		2,783		2,706		2,723
FW3316990.SRDUP, 29.27%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		2,658		2,580		2,596
FW3318619.SRDUP, 29.34%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,589		1,544		1,555
FW3319821.SRDUP, 29.74%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,216		1,182		1,189
FW3319830.SRDUP, 30.07%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		6,550		6,367		6,404
FW3319835.SRDUP, 30.05%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,220		1,184		1,191
FW3319843.SRDUP, 29.69%, 08/01/2027 (a)(q)	Upstart		08/04/2022		1,514		1,472		1,476
FW3319844.SRDUP, 25.54%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		12,986		12,627		12,676
FW3319846.SRDUP, 29.67%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		13,932		13,543		13,622
FW3319852.SRDUP, 18.95%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		4,572		4,447		4,486
FW3319854.SRDUP, 18.55%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		31,970		31,102		31,370
FW3319886.SRDUP, 26.46%, 08/01/2025 (a)(q)	Upstart		08/04/2022		1,122		1,094		1,087
FW3319891.SRDUP, 20.94%, 08/01/2025 (a)(l)(q)	Upstart		08/04/2022		994		970		977
FW3319916.SRDUP, 29.04%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		4,670		4,540		4,567
FW3319926.SRDUP, 27.52%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		931		906		909
FW3319942.SRDUP, 28.69%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		3,267		3,176		3,195
FW3319965.SRDUP, 30.01%, 08/01/2027 (a)(q)	Upstart		08/04/2022		3,774		3,666		3,688
FW3319970.SRDUP, 29.98%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		2,620		2,546		2,561
FW3319980.SRDUP, 30.04%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,778		1,728		1,742
FW3320007.SRDUP, 30.02%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		902		876		880
FW3320035.SRDUP, 26.13%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		22,800		22,116		3,231
FW3320055.SRDUP, 20.18%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		16,504		16,054		16,191
FW3320060.SRDUP, 25.75%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		2,123		2,065		2,076
FW3320064.SRDUP, 21.53%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		7,229		7,032		7,137
FW3320075.SRDUP, 26.11%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		5,200		5,056		5,088
FW3320086.SRDUP, 29.4%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		4,622		4,493		4,517
FW3320092.SRDUP, 26.51%, 08/01/2027 (a)(q)	Upstart		08/04/2022		2,065		2,008		2,016
FW3320104.SRDUP, 24.09%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		13,872		13,490		13,543
FW3320109.SRDUP, 17.83%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		11,361		11,021		11,222
FW3320131.SRDUP, 19.46%, 08/01/2027 (a)(q)	Upstart		08/04/2022		706		687		696
FW3320139.SRDUP, 25.88%, 06/01/2028 (a)(q)	Upstart		08/04/2022		9,193		8,927		9,009
FW3320176.SRDUP, 18.62%, 08/01/2027 (a)(q)	Upstart		08/04/2022		13,457		13,092		13,286
FW3320200.SRDUP, 29.91%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		2,432		2,364		2,378
FW3320202.SRDUP, 30.03%, 08/01/2027 (a)(q)	Upstart		08/04/2022		4,297		4,177		4,183
FW3320210.SRDUP, 29.72%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,590		1,551		1,554
FW3320223.SRDUP, 27.37%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		931		905		911
FW3320231.SRDUP, 29.53%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,060		1,028		1,037
FW3320235.SRDUP, 29.81%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		4,115		4,001		4,024
FW3320247.SRDUP, 23.83%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		6,008		5,843		5,892
FW3320254.SRDUP, 29.86%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,590		1,546		1,555
FW3320295.SRDUP, 30.02%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		3,206		3,120		3,129
FW3320320.SRDUP, 27.2%, 08/01/2027 (a)(q)	Upstart		08/04/2022		2,180		2,122		2,126
FW3320321.SRDUP, 30.04%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		4,010		3,890		568
FW3320329.SRDUP, 24.12%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		42,681		41,401		8,003
FW3320337.SRDUP, 26.24%, 08/01/2027 (a)(q)	Upstart		08/04/2022		13,614		13,237		13,281
FW3320352.SRDUP, 15.01%, 08/01/2025 (a)(l)(q)	Upstart		08/04/2022		3,666		3,579		3,625

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

89

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3320395.SRDUP, 23.07%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022	$	15,898	$	15,428	$	7,266
FW3320406.SRDUP, 29.8%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,227		1,192		1,199
FW3320408.SRDUP, 26.48%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		2,137		2,078		2,086
FW3321322.SRDUP, 25%, 08/04/2025 (a)(q)	Upstart		08/09/2022		29,295		28,574		28,817
FW3321508.SRDUP, 27.4%, 08/02/2025 (a)(l)(q)	Upstart		08/05/2022		1,480		1,435		431
FW3322508.SRDUP, 19.84%, 08/02/2027 (a)(q)	Upstart		08/05/2022		4,581		4,456		4,524
FW3323459.SRDUP, 17.33%, 08/02/2027 (a)(q)	Upstart		08/05/2022		45,268		43,974		44,711
FW3323950.SRDUP, 27.81%, 08/02/2027 (a)(q)	Upstart		08/05/2022		3,820		3,714		3,739
FW3324067.SRDUP, 29.8%, 08/02/2027 (a)(q)	Upstart		08/05/2022		1,190		1,157		1,159
FW3324396.SRDUP, 29.35%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		3,356		3,265		3,283
FW3324464.SRDUP, 21.19%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		3,134		3,048		3,075
FW3324483.SRDUP, 29.97%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		6,654		6,455		6,511
FW3324853.SRDUP, 10.84%, 08/02/2027 (a)(q)	Upstart		08/05/2022		40,397		39,325		40,225
FW3324933.SRDUP, 29.97%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		1,698		1,649		1,660
FW3324961.SRDUP, 24.73%, 08/02/2027 (a)(q)	Upstart		08/05/2022		3,056		2,972		2,992
FW3324974.SRDUP, 25.52%, 08/02/2027 (a)(q)	Upstart		08/05/2022		31,165		30,304		30,431
FW3324985.SRDUP, 29.99%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		1,219		1,183		1,191
FW3324995.SRDUP, 15.14%, 08/02/2027 (a)(q)	Upstart		08/05/2022		3,171		3,085		3,132
FW3325006.SRDUP, 23.27%, 08/02/2025 (a)(q)	Upstart		08/05/2022		968		943		951
FW3325052.SRDUP, 13.2%, 08/02/2025 (a)(q)	Upstart		08/05/2022		2,269		2,215		2,247
FW3325086.SRDUP, 29.87%, 08/02/2027 (a)(q)	Upstart		08/05/2022		2,338		2,273		2,288
FW3325088.SRDUP, 26.73%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		10,745		10,423		1,980
FW3325097.SRDUP, 25.48%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		6,411		6,218		1,267
FW3325108.SRDUP, 21.19%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		5,649		5,479		1,457
FW3325149.SRDUP, 30%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		1,589		1,541		225
FW3325156.SRDUP, 29.93%, 08/02/2027 (a)(q)	Upstart		08/05/2022		2,152		2,092		2,100
FW3325207.SRDUP, 30.07%, 08/02/2027 (a)(q)	Upstart		08/05/2022		1,978		1,921		1,934
FW3325256.SRDUP, 30.05%, 08/02/2027 (a)(q)	Upstart		08/05/2022		1,684		1,637		1,648
FW3325340.SRDUP, 29.99%, 08/02/2027 (a)(q)	Upstart		08/05/2022		39,855		38,744		38,991
FW3325379.SRDUP, 24.8%, 08/02/2027 (a)(q)	Upstart		08/05/2022		5,603		5,449		5,483
FW3325509.SRDUP, 14.84%, 08/02/2027 (a)(q)	Upstart		08/05/2022		18,104		17,617		17,885
FW3325541.SRDUP, 20.77%, 08/02/2027 (a)(q)	Upstart		08/05/2022		2,754		2,679		2,720
FW3325578.SRDUP, 16.08%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		5,460		5,296		774
FW3325593.SRDUP, 26.71%, 08/02/2027 (a)(q)	Upstart		08/05/2022		11,157		10,848		10,921
FW3325608.SRDUP, 24.05%, 08/02/2025 (a)(q)	Upstart		08/05/2022		2,087		2,036		2,052
FW3325611.SRDUP, 15.94%, 08/02/2027 (a)(q)	Upstart		08/05/2022		2,723		2,650		2,690
FW3325633.SRDUP, 13.36%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		5,472		5,308		775
FW3325643.SRDUP, 26.36%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		8,779		8,516		1,244
FW3325648.SRDUP, 24.67%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		2,042		1,983		1,994
FW3325668.SRDUP, 26.99%, 08/02/2027 (a)(q)	Upstart		08/05/2022		10,698		10,401		10,471
FW3325698.SRDUP, 23.8%, 08/02/2027 (a)(q)	Upstart		08/05/2022		46,212		44,940		45,134
FW3327515.SRDUP, 23.25%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		1,680		1,630		772
FW3327605.SRDUP, 29.94%, 08/03/2027 (a)(q)	Upstart		08/08/2022		7,578		7,391		7,418
FW3327849.SRDUP, 26.35%, 08/18/2027 (a)(q)	Upstart		08/08/2022		23,877		23,216		23,386
FW3327970.SRDUP, 13.12%, 08/03/2025 (a)(q)	Upstart		08/08/2022		2,025		1,977		2,005
FW3327976.SRDUP, 27.35%, 08/03/2027 (a)(q)	Upstart		08/08/2022		3,267		3,187		3,195
FW3327988.SRDUP, 25.41%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,484		1,443		1,453
FW3327990.SRDUP, 29.47%, 08/03/2027 (a)(q)	Upstart		08/08/2022		5,141		5,014		5,033
FW3328009.SRDUP, 24.67%, 08/03/2025 (a)(q)	Upstart		08/08/2022		1,254		1,224		1,219
FW3328044.SRDUP, 26.59%, 08/03/2027 (a)(q)	Upstart		08/08/2022		2,626		2,553		2,570
FW3328049.SRDUP, 29.55%, 08/03/2027 (a)(q)	Upstart		08/08/2022		3,739		3,635		3,651
FW3328063.SRDUP, 29.71%, 01/03/2028 (a)(l)(q)	Upstart		08/08/2022		1,494		1,452		1,469
FW3328096.SRDUP, 27.34%, 08/03/2027 (a)(q)	Upstart		08/08/2022		13,964		13,576		13,674
FW3328102.SRDUP, 29.24%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		33,514		32,514		16,939
FW3328115.SRDUP, 16.29%, 08/03/2027 (a)(q)	Upstart		08/08/2022		3,271		3,181		3,229

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

90

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3328126.SRDUP, 17.33%, 08/03/2027 (a)(q)	Upstart		08/08/2022	$	19,673	$	19,140	$	19,435
FW3328140.SRDUP, 29.18%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,028		999		1,006
FW3328184.SRDUP, 22.32%, 08/03/2025 (a)(q)	Upstart		08/08/2022		596		581		583
FW3328185.SRDUP, 15.82%, 08/03/2025 (a)(q)	Upstart		08/08/2022		1,225		1,196		1,211
FW3328211.SRDUP, 23.94%, 08/03/2027 (a)(q)	Upstart		08/08/2022		5,085		4,961		4,968
FW3328228.SRDUP, 20.12%, 08/03/2025 (a)(q)	Upstart		08/08/2022		12,395		12,094		12,195
FW3328235.SRDUP, 28.15%, 08/03/2027 (a)(q)	Upstart		08/08/2022		860		836		839
FW3328332.SRDUP, 25.23%, 08/03/2027 (a)(q)	Upstart		08/08/2022		9,042		8,792		8,846
FW3328364.SRDUP, 13.16%, 08/03/2027 (a)(q)	Upstart		08/08/2022		6,188		6,022		6,139
FW3328376.SRDUP, 29.97%, 08/03/2027 (a)(q)	Upstart		08/08/2022		16,000		15,554		15,650
FW3328387.SRDUP, 29.92%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		1,322		1,282		669
FW3328395.SRDUP, 30.01%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		2,125		2,066		2,078
FW3328491.SRDUP, 11.48%, 08/03/2027 (a)(q)	Upstart		08/08/2022		2,781		2,707		2,769
FW3328517.SRDUP, 24.78%, 08/03/2027 (a)(q)	Upstart		08/08/2022		10,187		9,906		9,952
FW3328524.SRDUP, 27.48%, 08/03/2025 (a)(q)	Upstart		08/08/2022		1,432		1,396		1,391
FW3328577.SRDUP, 24.9%, 08/03/2027 (a)(q)	Upstart		08/08/2022		9,285		9,029		9,090
FW3328582.SRDUP, 21.75%, 08/03/2025 (a)(l)(q)	Upstart		08/08/2022		2,071		2,021		2,038
FW3328589.SRDUP, 29.59%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,707		1,657		1,670
FW3328594.SRDUP, 26.16%, 08/03/2027 (a)(q)	Upstart		08/08/2022		4,644		4,515		4,548
FW3328613.SRDUP, 29.89%, 08/03/2027 (a)(q)	Upstart		08/08/2022		2,432		2,364		2,381
FW3328712.SRDUP, 26.76%, 08/03/2027 (a)(q)	Upstart		08/08/2022		8,369		8,137		8,173
FW3328756.SRDUP, 20.86%, 08/03/2027 (a)(q)	Upstart		08/08/2022		9,414		9,156		9,294
FW3328766.SRDUP, 29.55%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		24,230		23,503		3,433
FW3328808.SRDUP, 29.97%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		1,753		1,700		345
FW3328875.SRDUP, 22.16%, 08/03/2027 (a)(q)	Upstart		08/08/2022		13,814		13,436		13,500
FW3328971.SRDUP, 29.99%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		3,175		3,080		626
FW3328972.SRDUP, 21.95%, 08/03/2025 (a)(q)	Upstart		08/08/2022		2,810		2,742		2,764
FW3328979.SRDUP, 26.92%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		5,178		5,023		734
FW3328999.SRDUP, 16.13%, 08/03/2027 (a)(q)	Upstart		08/08/2022		908		884		897
FW3329145.SRDUP, 18.44%, 08/03/2025 (a)(q)	Upstart		08/08/2022		1,645		1,605		1,627
FW3329184.SRDUP, 26.3%, 08/03/2027 (a)(q)	Upstart		08/08/2022		10,381		10,127		10,178
FW3329195.SRDUP, 29.87%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		7,092		6,879		2,037
FW3329197.SRDUP, 15.04%, 08/03/2027 (a)(q)	Upstart		08/08/2022		6,339		6,169		6,264
FW3329317.SRDUP, 16.8%, 08/03/2025 (a)(q)	Upstart		08/08/2022		1,228		1,199		1,215
FW3329332.SRDUP, 26.46%, 08/03/2027 (a)(q)	Upstart		08/08/2022		12,452		12,107		12,162
FW3329339.SRDUP, 26.91%, 08/03/2025 (a)(q)	Upstart		08/08/2022		2,105		2,053		2,041
FW3329383.SRDUP, 29.72%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		4,270		4,142		2,156
FW3329386.SRDUP, 26.2%, 08/03/2027 (a)(q)	Upstart		08/08/2022		4,210		4,093		4,104
FW3329402.SRDUP, 29.78%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,777		1,727		1,739
FW3329489.SRDUP, 29.83%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		4,401		4,269		269
FW3329531.SRDUP, 11.18%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		32,325		31,356		7,621
FW3329548.SRDUP, 24.99%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		3,825		3,710		759
FW3329588.SRDUP, 11.34%, 08/03/2025 (a)(q)	Upstart		08/08/2022		3,863		3,772		3,825
FW3329630.SRDUP, 29.93%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		7,748		7,532		7,583
FW3329640.SRDUP, 29.99%, 08/03/2027 (a)(q)	Upstart		08/08/2022		17,215		16,734		16,851
FW3329721.SRDUP, 30.01%, 08/03/2027 (a)(q)	Upstart		08/08/2022		2,670		2,595		2,597
FW3329730.SRDUP, 29.76%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		3,547		3,440		503
FW3330488.SRDUP, 30.01%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,620		2,547		2,566
FW3330594.SRDUP, 18.05%, 08/04/2025 (a)(q)	Upstart		08/09/2022		4,108		4,021		4,044
FW3330687.SRDUP, 27.66%, 08/04/2027 (a)(q)	Upstart		08/09/2022		28,038		27,259		27,471
FW3330957.SRDUP, 21.81%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		2,246		2,179		318
FW3331079.SRDUP, 30.01%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,526		2,456		2,474
FW3331217.SRDUP, 30.06%, 08/04/2027 (a)(q)	Upstart		08/09/2022		19,744		19,192		19,321
FW3331251.SRDUP, 20.33%, 08/04/2027 (a)(q)	Upstart		08/09/2022		3,210		3,123		3,152
FW3331257.SRDUP, 16.1%, 08/04/2027 (a)(q)	Upstart		08/09/2022		7,718		7,534		7,627

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

91

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3331287.SRDUP, 29.88%, 08/04/2027 (a)(q)	Upstart		08/09/2022	$	2,432	$	2,364	$	2,382
FW3331303.SRDUP, 26%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,600		2,528		2,551
FW3331394.SRDUP, 22.32%, 08/04/2025 (a)(l)(q)	Upstart		08/09/2022		1,820		1,765		362
FW3331448.SRDUP, 22.67%, 08/04/2027 (a)(q)	Upstart		08/09/2022		6,454		6,277		6,309
FW3331463.SRDUP, 27.14%, 08/04/2027 (a)(q)	Upstart		08/09/2022		27,801		27,030		27,234
FW3331533.SRDUP, 29.85%, 08/04/2027 (a)(q)	Upstart		08/09/2022		3,274		3,179		3,203
FW3331541.SRDUP, 20.98%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		13,705		13,296		6,137
FW3331603.SRDUP, 23.17%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		9,536		9,251		4,356
FW3331621.SRDUP, 29.83%, 08/04/2027 (a)(q)	Upstart		08/09/2022		3,461		3,364		3,390
FW3331649.SRDUP, 24.36%, 08/04/2025 (a)(q)	Upstart		08/09/2022		5,849		5,706		5,754
FW3331683.SRDUP, 29.85%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,245		2,182		2,199
FW3331708.SRDUP, 12.35%, 08/04/2027 (a)(q)	Upstart		08/09/2022		15,019		14,617		14,903
FW3331716.SRDUP, 15.29%, 08/04/2027 (a)(q)	Upstart		08/09/2022		16,891		16,436		16,756
FW3331725.SRDUP, 26.15%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,300		1,268		1,276
FW3331733.SRDUP, 27.48%, 08/04/2025 (a)(l)(q)	Upstart		08/09/2022		2,642		2,572		828
FW3331744.SRDUP, 27.71%, 08/04/2027 (a)(q)	Upstart		08/09/2022		932		906		913
FW3331760.SRDUP, 28.02%, 08/04/2027 (a)(q)	Upstart		08/09/2022		6,245		6,072		6,118
FW3331785.SRDUP, 27.42%, 08/04/2027 (a)(q)	Upstart		08/09/2022		4,697		4,567		4,600
FW3331788.SRDUP, 26.08%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,114		1,083		1,089
FW3331801.SRDUP, 23.15%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,769		2,693		2,706
FW3331832.SRDUP, 22.72%, 01/04/2028 (a)(l)(q)	Upstart		08/09/2022		8,733		8,479		8,591
FW3331880.SRDUP, 30.01%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		4,267		4,139		253
FW3331907.SRDUP, 30.07%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,123		1,092		1,100
FW3331961.SRDUP, 29.87%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,077		2,019		2,034
FW3331969.SRDUP, 27.82%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		40,648		39,428		2,529
FW3331977.SRDUP, 16.55%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,545		2,477		2,515
FW3331979.SRDUP, 19.05%, 08/04/2027 (a)(q)	Upstart		08/09/2022		5,030		4,893		4,969
FW3331984.SRDUP, 14.96%, 08/04/2027 (a)(q)	Upstart		08/09/2022		995		968		983
FW3332008.SRDUP, 26.27%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,300		1,264		1,271
FW3332028.SRDUP, 29.9%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,964		1,910		1,924
FW3332086.SRDUP, 29.89%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,338		2,273		2,290
FW3332138.SRDUP, 25.52%, 08/04/2025 (a)(q)	Upstart		08/09/2022		16,762		16,348		16,487
FW3332143.SRDUP, 24.99%, 08/04/2027 (a)(q)	Upstart		08/09/2022		18,539		18,028		18,115
FW3332175.SRDUP, 24.42%, 08/04/2027 (a)(q)	Upstart		08/09/2022		4,631		4,500		4,526
FW3332179.SRDUP, 29.63%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,122		1,091		1,099
FW3332210.SRDUP, 29.87%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,216		1,182		1,191
FW3332213.SRDUP, 30.02%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,871		1,819		1,833
FW3332232.SRDUP, 25.14%, 08/04/2027 (a)(q)	Upstart		08/09/2022		14,132		13,717		13,842
FW3332235.SRDUP, 29.08%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,027		999		1,006
FW3332239.SRDUP, 29.3%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,226		1,191		1,198
FW3332260.SRDUP, 23.31%, 08/04/2025 (a)(q)	Upstart		08/09/2022		1,667		1,626		1,648
FW3332281.SRDUP, 29.98%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,310		1,273		1,283
FW3332296.SRDUP, 18.25%, 08/04/2025 (a)(q)	Upstart		08/09/2022		8,797		8,609		8,660
FW3332297.SRDUP, 23.1%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		1,426		1,383		102
FW3332313.SRDUP, 29.22%, 08/04/2027 (a)(q)	Upstart		08/09/2022		5,677		5,508		5,554
FW3332326.SRDUP, 26.16%, 08/04/2027 (a)(q)	Upstart		08/09/2022		3,050		2,965		2,980
FW3332329.SRDUP, 30.05%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,340		2,274		2,289
FW3332338.SRDUP, 17.03%, 08/04/2027 (a)(q)	Upstart		08/09/2022		45,529		44,297		44,984
FW3332409.SRDUP, 20.42%, 08/04/2027 (a)(q)	Upstart		08/09/2022		20,645		20,044		20,267
FW3332427.SRDUP, 22.31%, 08/04/2027 (a)(q)	Upstart		08/09/2022		3,685		3,596		3,602
FW3333083.SRDUP, 23.01%, 08/05/2027 (a)(q)	Upstart		08/10/2022		5,167		5,025		5,073
FW3333700.SRDUP, 29.68%, 08/05/2027 (a)(q)	Upstart		08/10/2022		2,151		2,091		2,108
FW3333960.SRDUP, 17.66%, 08/05/2027 (a)(q)	Upstart		08/10/2022		14,078		13,696		13,911
FW3334082.SRDUP, 26.47%, 08/05/2027 (a)(q)	Upstart		08/10/2022		2,416		2,349		2,364
FW3334226.SRDUP, 29.58%, 08/05/2027 (a)(q)	Upstart		08/10/2022		4,674		4,544		4,581

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

92

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3334241.SRDUP, 25.18%, 08/05/2027 (a)(q)	Upstart		08/10/2022	$	4,171	$	4,056	$	4,091
FW3334372.SRDUP, 30.05%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		7,890		7,653		1,566
FW3334474.SRDUP, 28.4%, 08/05/2027 (a)(q)	Upstart		08/10/2022		13,992		13,603		13,715
FW3334482.SRDUP, 20.83%, 08/05/2025 (a)(q)	Upstart		08/10/2022		2,815		2,746		2,771
FW3334502.SRDUP, 29.93%, 08/05/2027 (a)(q)	Upstart		08/10/2022		7,484		7,275		7,334
FW3334533.SRDUP, 26.94%, 08/05/2025 (a)(q)	Upstart		08/10/2022		925		902		900
FW3334575.SRDUP, 29.72%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		1,986		1,927		395
FW3334602.SRDUP, 29.98%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		4,233		4,106		841
FW3334603.SRDUP, 27.51%, 06/05/2026 (a)(q)	Upstart		08/10/2022		3,139		3,047		3,050
FW3334619.SRDUP, 29.69%, 08/05/2027 (a)(q)	Upstart		08/10/2022		6,604		6,420		6,468
FW3334881.SRDUP, 27.43%, 08/05/2025 (a)(q)	Upstart		08/10/2022		1,432		1,391		1,391
FW3334909.SRDUP, 29.54%, 08/05/2027 (a)(q)	Upstart		08/10/2022		4,300		4,180		4,219
FW3334945.SRDUP, 24.18%, 08/05/2027 (a)(q)	Upstart		08/10/2022		9,255		8,985		9,085
FW3334948.SRDUP, 29.94%, 08/05/2027 (a)(q)	Upstart		08/10/2022		4,584		4,456		4,492
FW3334972.SRDUP, 30.04%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		11,674		11,356		11,432
FW3334977.SRDUP, 24.24%, 08/05/2027 (a)(q)	Upstart		08/10/2022		30,897		30,045		30,207
FW3334990.SRDUP, 14.73%, 08/05/2027 (a)(q)	Upstart		08/10/2022		20,179		19,636		19,946
FW3335002.SRDUP, 29.73%, 08/05/2027 (a)(q)	Upstart		08/10/2022		1,684		1,637		1,648
FW3335003.SRDUP, 23.08%, 08/05/2027 (a)(q)	Upstart		08/10/2022		15,276		14,856		14,931
FW3335014.SRDUP, 11.11%, 08/05/2027 (a)(q)	Upstart		08/10/2022		24,236		23,592		24,129
FW3335030.SRDUP, 26.84%, 08/05/2027 (a)(q)	Upstart		08/10/2022		26,116		25,411		25,592
FW3335053.SRDUP, 15.38%, 08/05/2025 (a)(q)	Upstart		08/10/2022		2,447		2,388		2,421
FW3335083.SRDUP, 20.95%, 08/05/2027 (a)(q)	Upstart		08/10/2022		3,582		3,484		3,518
FW3335088.SRDUP, 29.75%, 08/05/2027 (a)(q)	Upstart		08/10/2022		4,210		4,086		4,121
FW3335094.SRDUP, 29.53%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		2,520		2,445		156
FW3335097.SRDUP, 27.02%, 08/05/2027 (a)(q)	Upstart		08/10/2022		15,751		15,328		15,423
FW3335130.SRDUP, 22.23%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		13,777		13,373		13,528
FW3335133.SRDUP, 16.79%, 08/05/2025 (a)(q)	Upstart		08/10/2022		3,712		3,623		3,670
FW3335134.SRDUP, 30.05%, 08/05/2027 (a)(q)	Upstart		08/10/2022		1,236		1,202		1,207
FW3335142.SRDUP, 28.14%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		6,719		6,517		952
FW3335178.SRDUP, 17.96%, 08/05/2027 (a)(q)	Upstart		08/10/2022		31,926		31,059		31,548
FW3335207.SRDUP, 26.84%, 08/05/2027 (a)(q)	Upstart		08/10/2022		1,074		1,044		1,050
FW3335227.SRDUP, 27.63%, 08/05/2027 (a)(q)	Upstart		08/10/2022		6,520		6,339		6,372
FW3335266.SRDUP, 30.02%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		575		558		569
FW3335303.SRDUP, 29.12%, 08/05/2027 (a)(q)	Upstart		08/10/2022		2,993		2,909		2,933
FW3335339.SRDUP, 24.77%, 08/05/2027 (a)(q)	Upstart		08/10/2022		7,459		7,236		7,294
FW3335380.SRDUP, 29.91%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		5,622		5,454		1,624
FW3335386.SRDUP, 30.08%, 08/10/2027 (a)(q)	Upstart		08/15/2022		4,211		4,093		4,138
FW3335405.SRDUP, 28.36%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		7,047		6,851		6,905
FW3335412.SRDUP, 27.67%, 08/05/2027 (a)(q)	Upstart		08/10/2022		1,211		1,177		1,187
FW3335417.SRDUP, 22.49%, 08/05/2027 (a)(q)	Upstart		08/10/2022		13,824		13,445		13,575
FW3336367.SRDUP, 29.8%, 08/09/2027 (a)(q)	Upstart		08/12/2022		2,525		2,455		2,480
FW3336632.SRDUP, 29.91%, 08/08/2027 (a)(q)	Upstart		08/11/2022		942		915		919
FW3336648.SRDUP, 22.91%, 08/08/2027 (a)(q)	Upstart		08/11/2022		5,350		5,203		5,237
FW3336660.SRDUP, 27.43%, 08/08/2027 (a)(q)	Upstart		08/11/2022		4,655		4,526		4,571
FW3336667.SRDUP, 29.74%, 08/08/2027 (a)(q)	Upstart		08/11/2022		5,143		5,000		5,049
FW3336668.SRDUP, 29.34%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		1,211		1,177		1,189
FW3336705.SRDUP, 20.79%, 01/08/2028 (a)(l)(q)	Upstart		08/11/2022		8,626		8,371		8,503
FW3336858.SRDUP, 24.44%, 08/08/2027 (a)(q)	Upstart		08/11/2022		5,183		5,039		5,092
FW3336867.SRDUP, 29.69%, 01/08/2028 (a)(l)(q)	Upstart		08/11/2022		1,612		1,566		1,578
FW3336872.SRDUP, 22.2%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		3,207		3,119		3,139
FW3336885.SRDUP, 29.07%, 08/08/2027 (a)(q)	Upstart		08/11/2022		1,588		1,544		1,559
FW3336986.SRDUP, 29.53%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		1,163		1,128		339
FW3336989.SRDUP, 25.23%, 08/08/2027 (a)(q)	Upstart		08/11/2022		4,635		4,507		4,553
FW3337007.SRDUP, 25.73%, 08/08/2027 (a)(q)	Upstart		08/11/2022		41,384		40,238		40,888

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

93

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3337009.SRDUP, 29.97%, 08/08/2027 (a)(q)	Upstart		08/11/2022	$	1,029	$	1,000	$	1,009
FW3337110.SRDUP, 29.89%, 08/08/2027 (a)(q)	Upstart		08/11/2022		2,925		2,844		2,863
FW3337111.SRDUP, 23.46%, 08/08/2027 (a)(q)	Upstart		08/11/2022		3,694		3,592		3,630
FW3337133.SRDUP, 21.04%, 01/08/2028 (a)(l)(q)	Upstart		08/11/2022		3,905		3,798		3,857
FW3337139.SRDUP, 24.85%, 08/08/2027 (a)(q)	Upstart		08/11/2022		5,187		5,044		5,076
FW3337195.SRDUP, 29.45%, 08/08/2027 (a)(q)	Upstart		08/11/2022		1,614		1,569		1,580
FW3337303.SRDUP, 22.63%, 08/08/2027 (a)(q)	Upstart		08/11/2022		21,208		20,694		20,959
FW3337341.SRDUP, 27.04%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		1,985		1,925		281
FW3337412.SRDUP, 11.4%, 08/08/2027 (a)(q)	Upstart		08/11/2022		30,947		30,122		30,724
FW3337420.SRDUP, 29.3%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		2,783		2,705		2,731
FW3337431.SRDUP, 11.92%, 08/08/2027 (a)(q)	Upstart		08/11/2022		31,978		31,124		31,746
FW3337484.SRDUP, 29.88%, 01/08/2028 (a)(q)	Upstart		08/11/2022		1,029		999		1,006
FW3337494.SRDUP, 19.77%, 08/08/2027 (a)(q)	Upstart		08/11/2022		18,321		17,821		18,011
FW3337520.SRDUP, 30.04%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		18,400		17,848		2,607
FW3337548.SRDUP, 25.39%, 08/08/2027 (a)(q)	Upstart		08/11/2022		2,225		2,164		2,178
FW3337554.SRDUP, 21.23%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		1,558		1,516		1,531
FW3337613.SRDUP, 29.37%, 08/08/2027 (a)(q)	Upstart		08/11/2022		1,589		1,544		1,560
FW3337621.SRDUP, 20.81%, 01/08/2028 (a)(l)(q)	Upstart		08/11/2022		6,310		6,137		6,207
FW3337628.SRDUP, 21.82%, 08/08/2027 (a)(q)	Upstart		08/11/2022		8,656		8,419		8,507
FW3337658.SRDUP, 27.81%, 08/08/2027 (a)(q)	Upstart		08/11/2022		5,613		5,457		5,506
FW3337659.SRDUP, 29.79%, 08/08/2027 (a)(q)	Upstart		08/11/2022		1,870		1,818		1,829
FW3337707.SRDUP, 24.23%, 08/08/2027 (a)(q)	Upstart		08/11/2022		5,233		5,079		5,123
FW3337729.SRDUP, 28.27%, 08/08/2027 (a)(q)	Upstart		08/11/2022		14,462		14,060		14,182
FW3337731.SRDUP, 17.92%, 08/08/2027 (a)(q)	Upstart		08/11/2022		8,119		7,898		8,026
FW3337737.SRDUP, 19.97%, 08/08/2027 (a)(q)	Upstart		08/11/2022		7,327		7,127		7,203
FW3337761.SRDUP, 29.82%, 08/08/2027 (a)(q)	Upstart		08/11/2022		2,151		2,091		2,112
FW3337781.SRDUP, 27.26%, 08/08/2027 (a)(q)	Upstart		08/11/2022		13,802		13,418		13,544
FW3337806.SRDUP, 19.81%, 08/08/2025 (a)(q)	Upstart		08/11/2022		1,651		1,611		1,628
FW3337808.SRDUP, 20.29%, 08/08/2025 (a)(q)	Upstart		08/11/2022		4,960		4,839		4,889
FW3337844.SRDUP, 18.81%, 08/08/2027 (a)(q)	Upstart		08/11/2022		7,193		6,998		7,112
FW3337932.SRDUP, 29.88%, 08/08/2027 (a)(q)	Upstart		08/11/2022		1,122		1,091		1,102
FW3337939.SRDUP, 29.98%, 08/08/2027 (a)(q)	Upstart		08/11/2022		6,893		6,707		6,737
FW3337949.SRDUP, 29.75%, 08/08/2027 (a)(q)	Upstart		08/11/2022		7,762		7,545		7,619
FW3337955.SRDUP, 17.78%, 08/08/2027 (a)(q)	Upstart		08/11/2022		13,230		12,871		13,075
FW3337966.SRDUP, 29.69%, 08/08/2027 (a)(q)	Upstart		08/11/2022		3,366		3,272		3,305
FW3338069.SRDUP, 26.37%, 08/08/2027 (a)(q)	Upstart		08/11/2022		6,504		6,324		6,388
FW3340271.SRDUP, 29.62%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,215		1,181		1,194
FW3340712.SRDUP, 29.63%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,590		1,545		1,560
FW3341295.SRDUP, 29.62%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,870		1,824		1,837
FW3341443.SRDUP, 29.93%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,123		1,091		1,103
FW3341548.SRDUP, 21.28%, 08/10/2025 (a)(q)	Upstart		08/15/2022		4,973		4,852		4,905
FW3341613.SRDUP, 24.57%, 08/09/2025 (a)(q)	Upstart		08/12/2022		4,202		4,089		4,093
FW3341651.SRDUP, 22.11%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,330		1,293		1,307
FW3341659.SRDUP, 28.27%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		27,351		26,530		3,876
FW3341670.SRDUP, 19.41%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		3,096		3,011		3,060
FW3341702.SRDUP, 12.87%, 08/09/2025 (a)(q)	Upstart		08/12/2022		1,134		1,107		1,124
FW3341732.SRDUP, 20.58%, 08/09/2027 (a)(q)	Upstart		08/12/2022		10,554		10,265		10,378
FW3341786.SRDUP, 29.66%, 01/09/2028 (a)(l)(q)	Upstart		08/12/2022		1,680		1,630		1,655
FW3341803.SRDUP, 20.81%, 08/09/2025 (a)(q)	Upstart		08/12/2022		3,293		3,213		3,246
FW3341835.SRDUP, 9.73%, 08/09/2027 (a)(q)	Upstart		08/12/2022		2,054		1,999		2,045
FW3341854.SRDUP, 26.59%, 08/09/2025 (a)(q)	Upstart		08/12/2022		20,946		20,426		20,635
FW3341855.SRDUP, 18.78%, 08/09/2027 (a)(q)	Upstart		08/12/2022		3,564		3,467		3,524
FW3341867.SRDUP, 25%, 08/09/2025 (a)(q)	Upstart		08/12/2022		1,255		1,224		1,237
FW3341930.SRDUP, 17.77%, 08/09/2027 (a)(q)	Upstart		08/12/2022		6,371		6,198		6,300
FW3341977.SRDUP, 17.81%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		25,229		24,543		24,945

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

94

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3342031.SRDUP, 27.21%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022	$	5,600	$	5,432	$	794
FW3342056.SRDUP, 23.13%, 08/09/2027 (a)(q)	Upstart		08/12/2022		9,229		8,975		9,037
FW3342122.SRDUP, 24.93%, 08/09/2025 (a)(q)	Upstart		08/12/2022		9,205		8,978		8,978
FW3342131.SRDUP, 29.91%, 08/09/2027 (a)(q)	Upstart		08/12/2022		3,601		3,502		3,513
FW3342155.SRDUP, 28.21%, 08/09/2027 (a)(q)	Upstart		08/12/2022		4,662		4,533		4,580
FW3342160.SRDUP, 28.38%, 08/09/2027 (a)(q)	Upstart		08/12/2022		15,857		15,467		15,578
FW3342171.SRDUP, 23.38%, 08/09/2027 (a)(q)	Upstart		08/12/2022		2,081		2,024		2,045
FW3342182.SRDUP, 24.77%, 01/09/2028 (a)(l)(q)	Upstart		08/12/2022		2,331		2,261		2,287
FW3342190.SRDUP, 21.86%, 08/09/2025 (a)(q)	Upstart		08/12/2022		4,151		4,049		4,092
FW3342195.SRDUP, 28.61%, 01/09/2028 (a)(l)(q)	Upstart		08/12/2022		2,391		2,319		653
FW3342267.SRDUP, 19.04%, 08/09/2025 (a)(q)	Upstart		08/12/2022		1,828		1,784		1,800
FW3342276.SRDUP, 22.57%, 08/09/2027 (a)(q)	Upstart		08/12/2022		8,204		7,978		8,065
FW3342297.SRDUP, 27.42%, 01/09/2028 (a)(l)(q)	Upstart		08/12/2022		24,602		23,864		7,084
FW3342303.SRDUP, 24.39%, 08/09/2027 (a)(q)	Upstart		08/12/2022		5,367		5,219		5,255
FW3342304.SRDUP, 25.47%, 08/09/2027 (a)(q)	Upstart		08/12/2022		8,813		8,567		8,636
FW3342306.SRDUP, 23.18%, 08/09/2027 (a)(q)	Upstart		08/12/2022		923		898		907
FW3342326.SRDUP, 24.44%, 08/09/2027 (a)(q)	Upstart		08/12/2022		8,969		8,721		8,774
FW3342330.SRDUP, 30%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		10,658		10,338		665
FW3342367.SRDUP, 23.52%, 08/09/2027 (a)(q)	Upstart		08/12/2022		10,160		9,880		9,949
FW3342389.SRDUP, 30.07%, 08/09/2027 (a)(q)	Upstart		08/12/2022		13,755		13,371		13,510
FW3342408.SRDUP, 29.86%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		1,385		1,344		713
FW3342476.SRDUP, 24.31%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		2,757		2,681		2,709
FW3342496.SRDUP, 29.87%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,964		1,909		1,929
FW3342498.SRDUP, 18.28%, 08/09/2027 (a)(q)	Upstart		08/12/2022		15,244		14,830		15,074
FW3342503.SRDUP, 18.53%, 08/09/2025 (a)(q)	Upstart		08/12/2022		3,306		3,226		3,255
FW3342541.SRDUP, 10.19%, 08/09/2027 (a)(q)	Upstart		08/12/2022		2,682		2,619		2,671
FW3342553.SRDUP, 29.9%, 08/09/2027 (a)(q)	Upstart		08/12/2022		2,350		2,292		2,306
FW3342563.SRDUP, 23.8%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		24,165		23,440		3,424
FW3342569.SRDUP, 20.93%, 08/09/2025 (a)(q)	Upstart		08/12/2022		828		808		815
FW3342621.SRDUP, 29.85%, 08/09/2027 (a)(q)	Upstart		08/12/2022		9,140		8,886		8,977
FW3342637.SRDUP, 29.79%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,964		1,909		1,929
FW3342751.SRDUP, 23.38%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		48,558		47,271		4,357
FW3342780.SRDUP, 26.32%, 08/09/2027 (a)(q)	Upstart		08/12/2022		26,036		25,313		25,492
FW3343057.SRDUP, 27.27%, 08/10/2027 (a)(q)	Upstart		08/15/2022		885		860		863
FW3343084.SRDUP, 25.43%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,576		1,533		1,544
FW3343090.SRDUP, 22.15%, 08/10/2027 (a)(q)	Upstart		08/15/2022		5,157		5,032		5,099
FW3343213.SRDUP, 30.01%, 08/10/2027 (a)(q)	Upstart		08/15/2022		2,433		2,365		2,381
FW3343707.SRDUP, 29.96%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,029		1,000		1,011
FW3343834.SRDUP, 21.73%, 08/10/2025 (a)(l)(q)	Upstart		08/15/2022		1,172		1,144		1,151
FW3343838.SRDUP, 21.16%, 08/10/2027 (a)(q)	Upstart		08/15/2022		2,297		2,234		2,259
FW3343873.SRDUP, 29.88%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,122		1,091		1,103
FW3343908.SRDUP, 30.06%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,778		1,728		1,747
FW3344152.SRDUP, 21.48%, 08/10/2025 (a)(q)	Upstart		08/15/2022		4,147		4,045		4,089
FW3344172.SRDUP, 30.05%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		1,271		1,233		180
FW3344219.SRDUP, 28.72%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		9,450		9,186		9,282
FW3344272.SRDUP, 29.74%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		3,490		3,386		206
FW3344313.SRDUP, 29.61%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		1,604		1,556		819
FW3344314.SRDUP, 21.81%, 08/10/2027 (a)(q)	Upstart		08/15/2022		8,284		8,056		8,145
FW3344357.SRDUP, 29.8%, 08/10/2027 (a)(q)	Upstart		08/15/2022		2,525		2,455		2,482
FW3344361.SRDUP, 21.4%, 08/10/2025 (a)(q)	Upstart		08/15/2022		12,437		12,168		12,265
FW3344364.SRDUP, 22.98%, 08/10/2027 (a)(q)	Upstart		08/15/2022		4,059		3,961		3,977
FW3344378.SRDUP, 20.97%, 08/10/2025 (a)(q)	Upstart		08/15/2022		1,656		1,616		1,634
FW3344392.SRDUP, 19.81%, 08/10/2027 (a)(q)	Upstart		08/15/2022		5,038		4,901		4,956
FW3344397.SRDUP, 13.04%, 08/10/2027 (a)(q)	Upstart		08/15/2022		2,793		2,718		2,773
FW3344411.SRDUP, 22.74%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,660		1,620		1,626

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

95

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3344412.SRDUP, 25.99%, 08/10/2027 (a)(q)	Upstart		08/15/2022	$	3,759	$	3,646	$	3,683
FW3344452.SRDUP, 16.87%, 08/10/2027 (a)(q)	Upstart		08/15/2022		22,128		21,528		21,880
FW3344502.SRDUP, 29.84%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,684		1,637		1,655
FW3344529.SRDUP, 29.95%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		1,228		1,191		627
FW3344556.SRDUP, 16.43%, 08/10/2025 (a)(q)	Upstart		08/15/2022		1,837		1,793		1,818
FW3344583.SRDUP, 29.04%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,028		999		1,009
FW3344618.SRDUP, 26.77%, 01/10/2028 (a)(q)	Upstart		08/15/2022		13,368		13,016		13,101
FW3344639.SRDUP, 25.07%, 08/10/2025 (a)(l)(q)	Upstart		08/15/2022		5,496		5,331		779
FW3344663.SRDUP, 30.03%, 01/10/2028 (a)(l)(q)	Upstart		08/15/2022		1,656		1,607		1,625
FW3344688.SRDUP, 24.05%, 01/10/2028 (a)(l)(q)	Upstart		08/15/2022		17,379		16,869		17,079
FW3344704.SRDUP, 27.76%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		39,346		38,249		38,651
FW3344751.SRDUP, 27.42%, 08/10/2025 (a)(q)	Upstart		08/15/2022		5,379		5,245		5,236
FW3344753.SRDUP, 24.95%, 08/10/2027 (a)(q)	Upstart		08/15/2022		10,350		10,063		10,135
FW3344754.SRDUP, 19.53%, 08/10/2027 (a)(q)	Upstart		08/15/2022		11,902		11,577		11,769
FW3344757.SRDUP, 28.79%, 08/10/2027 (a)(q)	Upstart		08/15/2022		2,800		2,722		2,753
FW3344767.SRDUP, 22.76%, 08/10/2027 (a)(q)	Upstart		08/15/2022		15,400		14,977		15,144
FW3344787.SRDUP, 19.72%, 08/10/2027 (a)(q)	Upstart		08/15/2022		14,105		13,720		13,948
FW3344806.SRDUP, 29.85%, 08/10/2027 (a)(q)	Upstart		08/15/2022		935		909		919
FW3344828.SRDUP, 28.24%, 08/10/2027 (a)(q)	Upstart		08/15/2022		23,313		22,739		22,823
FW3344861.SRDUP, 26.31%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		11,727		11,376		5,478
FW3344875.SRDUP, 25.66%, 08/10/2027 (a)(q)	Upstart		08/15/2022		9,278		9,021		9,124
FW3344886.SRDUP, 23.52%, 08/10/2027 (a)(q)	Upstart		08/15/2022		5,542		5,389		5,428
FW3344919.SRDUP, 29.98%, 08/10/2027 (a)(q)	Upstart		08/15/2022		13,098		12,732		12,871
FW3344925.SRDUP, 29.69%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		4,253		4,133		4,174
FW3344973.SRDUP, 24.83%, 08/10/2027 (a)(q)	Upstart		08/15/2022		3,427		3,343		3,356
FW3345014.SRDUP, 23.81%, 08/10/2027 (a)(q)	Upstart		08/15/2022		10,352		10,066		10,182
FW3345025.SRDUP, 19.93%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,100		1,070		1,087
FW3345027.SRDUP, 16.18%, 08/10/2027 (a)(q)	Upstart		08/15/2022		4,552		4,429		4,503
FW3345029.SRDUP, 29.23%, 08/10/2027 (a)(q)	Upstart		08/15/2022		5,605		5,449		5,509
FW3345036.SRDUP, 27.15%, 08/10/2027 (a)(q)	Upstart		08/15/2022		6,700		6,514		6,587
FW3345070.SRDUP, 29.93%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,695		1,648		1,665
FW3345074.SRDUP, 21.56%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,529		1,487		1,497
FW3345093.SRDUP, 15.65%, 08/10/2027 (a)(q)	Upstart		08/15/2022		45,350		44,124		44,860
FW3345108.SRDUP, 21.17%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,838		1,787		1,808
FW3345110.SRDUP, 25.26%, 08/10/2027 (a)(q)	Upstart		08/15/2022		6,396		6,219		6,290
FW3345122.SRDUP, 26.25%, 08/10/2025 (a)(q)	Upstart		08/15/2022		938		914		922
FW3345143.SRDUP, 22.63%, 08/10/2025 (a)(q)	Upstart		08/15/2022		3,557		3,479		3,506
FW3345145.SRDUP, 29.48%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		1,887		1,830		267
FW3345160.SRDUP, 30.02%, 08/10/2027 (a)(q)	Upstart		08/15/2022		297		289		292
FW3345176.SRDUP, 25.55%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		18,738		18,178		9,444
FW3345233.SRDUP, 29.98%, 08/10/2027 (a)(q)	Upstart		08/15/2022		363		353		358
FW3345244.SRDUP, 26.94%, 08/10/2027 (a)(q)	Upstart		08/15/2022		25,997		25,222		25,470
FW3345270.SRDUP, 30.04%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		4,157		4,032		2,136
FW3373195.SRDUP, 26.3%, 09/02/2027 (a)(q)	Upstart		09/08/2022		2,627		2,553		2,569
FW3382367.SRDUP, 33.18%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		2,371		2,312		2,315
FW3383096.SRDUP, 17.73%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		844		826		829
FW3383199.SRDUP, 13.78%, 09/02/2025 (a)(l)(q)	Upstart		09/08/2022		5,912		5,734		1,638
FW3387472.SRDUP, 30.56%, 09/01/2027 (a)(q)	Upstart		09/07/2022		37,260		36,207		36,360
FW3389292.SRDUP, 29.4%, 09/01/2027 (a)(q)	Upstart		09/07/2022		2,311		2,247		2,255
FW3391039.SRDUP, 27.26%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		6,765		6,593		6,553
FW3391054.SRDUP, 29.59%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		3,772		3,666		3,686
FW3391076.SRDUP, 15.12%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		8,315		8,089		8,215
FW3391084.SRDUP, 22.44%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		10,074		9,795		9,831
FW3391086.SRDUP, 34.1%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		9,500		9,215		1,346
FW3391118.SRDUP, 31.16%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		1,145		1,110		579

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

96

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3391123.SRDUP, 16.23%, 09/01/2027 (a)(q)	Upstart		09/07/2022	$	4,797	$	4,666	$	4,735
FW3391150.SRDUP, 28.29%, 09/01/2027 (a)(q)	Upstart		09/07/2022		2,448		2,380		2,392
FW3391173.SRDUP, 27.7%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		1,091		1,058		98
FW3391224.SRDUP, 29.8%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		1,924		1,866		552
FW3391232.SRDUP, 33.82%, 09/01/2027 (a)(q)	Upstart		09/07/2022		4,445		4,312		4,340
FW3391252.SRDUP, 29.38%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		1,886		1,833		1,842
FW3391261.SRDUP, 34.47%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		6,896		6,689		6,734
FW3391265.SRDUP, 18.92%, 09/01/2027 (a)(q)	Upstart		09/07/2022		9,518		9,234		9,393
FW3391282.SRDUP, 33.54%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		2,752		2,683		2,686
FW3391326.SRDUP, 33.14%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		2,277		2,212		2,223
FW3391331.SRDUP, 26.82%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		3,098		3,022		3,024
FW3391334.SRDUP, 33.66%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		3,132		3,043		3,058
FW3391350.SRDUP, 17.92%, 09/01/2027 (a)(q)	Upstart		09/07/2022		3,536		3,434		3,491
FW3391354.SRDUP, 29.5%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		6,933		6,756		6,801
FW3391367.SRDUP, 14.88%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		15,044		14,635		14,860
FW3391392.SRDUP, 29.37%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		1,603		1,558		1,564
FW3391398.SRDUP, 30.65%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		2,551		2,479		2,492
FW3391443.SRDUP, 27.44%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		4,746		4,626		4,601
FW3391449.SRDUP, 33.79%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		3,575		3,468		695
FW3391463.SRDUP, 34.41%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		7,315		7,107		7,141
FW3391480.SRDUP, 34.2%, 09/01/2027 (a)(q)	Upstart		09/07/2022		13,443		13,064		13,089
FW3391536.SRDUP, 33.17%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		2,182		2,120		2,131
FW3391540.SRDUP, 22.54%, 09/01/2027 (a)(q)	Upstart		09/07/2022		6,017		5,850		5,870
FW3391557.SRDUP, 26.26%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		2,530		2,455		783
FW3391565.SRDUP, 21.35%, 09/01/2027 (a)(q)	Upstart		09/07/2022		1,635		1,589		1,613
FW3391595.SRDUP, 33.61%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		3,200		3,104		453
FW3391607.SRDUP, 17.95%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		845		824		830
FW3391608.SRDUP, 24.92%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		9,358		9,097		9,175
FW3391636.SRDUP, 20.85%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		1,858		1,806		1,822
FW3391657.SRDUP, 34.79%, 02/01/2028 (a)(l)(q)	Upstart		09/07/2022		23,682		22,978		23,079
FW3391666.SRDUP, 22.14%, 09/01/2027 (a)(q)	Upstart		09/07/2022		41,160		40,152		40,356
FW3391682.SRDUP, 33.15%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		3,414		3,317		3,333
FW3391691.SRDUP, 29.86%, 09/01/2025 (a)(q)	Upstart		09/07/2022		5,719		5,574		5,541
FW3391718.SRDUP, 18.67%, 09/01/2025 (a)(q)	Upstart		09/07/2022		2,419		2,359		2,388
FW3391767.SRDUP, 30.29%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		3,686		3,590		3,563
FW3391778.SRDUP, 25.46%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		2,154		2,101		2,103
FW3391781.SRDUP, 24.51%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		5,015		4,875		4,892
FW3391789.SRDUP, 29.6%, 09/01/2027 (a)(q)	Upstart		09/07/2022		2,008		1,954		1,961
FW3391839.SRDUP, 32.21%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		1,989		1,933		1,942
FW3391841.SRDUP, 18.36%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		845		824		836
FW3391879.SRDUP, 21.68%, 09/01/2027 (a)(q)	Upstart		09/07/2022		7,213		7,014		7,117
FW3391881.SRDUP, 34.9%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		21,931		21,278		11,270
FW3391897.SRDUP, 29.98%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		4,058		3,944		3,964
FW3391911.SRDUP, 34.9%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		19,565		18,981		19,096
FW3391946.SRDUP, 32.48%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		1,611		1,565		1,573
FW3391950.SRDUP, 20.01%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		46,361		45,082		45,482
FW3391954.SRDUP, 29.05%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		1,319		1,282		1,289
FW3391960.SRDUP, 19.15%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		7,220		7,021		7,084
FW3392030.SRDUP, 30.01%, 09/01/2027 (a)(q)	Upstart		09/07/2022		2,018		1,961		1,964
FW3392055.SRDUP, 28.83%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		2,902		2,815		829
FW3392065.SRDUP, 29.97%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		2,548		2,476		2,486
FW3392083.SRDUP, 27.54%, 09/01/2025 (a)(q)	Upstart		09/07/2022		1,406		1,368		1,361
FW3392125.SRDUP, 34.71%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		10,169		9,881		9,927
FW3392163.SRDUP, 28.84%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		1,507		1,465		1,473
FW3392184.SRDUP, 17.03%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		5,806		5,647		5,734

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

97

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3393013.SRDUP, 29.65%, 09/06/2027 (a)(l)(q)	Upstart		09/09/2022	$	14,883	$	14,437	$	2,109
FW3393350.SRDUP, 26.53%, 09/02/2027 (a)(q)	Upstart		09/08/2022		4,224		4,106		4,124
FW3393442.SRDUP, 11.33%, 09/02/2027 (a)(q)	Upstart		09/08/2022		9,100		8,854		9,060
FW3393716.SRDUP, 33.23%, 09/02/2027 (a)(q)	Upstart		09/08/2022		3,414		3,318		3,336
FW3393816.SRDUP, 31.66%, 09/02/2027 (a)(q)	Upstart		09/08/2022		15,990		15,539		15,626
FW3393823.SRDUP, 29.39%, 09/16/2027 (a)(q)	Upstart		09/08/2022		36,307		35,285		35,434
FW3393834.SRDUP, 31.03%, 09/02/2027 (a)(q)	Upstart		09/08/2022		1,324		1,287		1,293
FW3393860.SRDUP, 19.99%, 09/02/2025 (a)(q)	Upstart		09/08/2022		849		828		834
FW3393879.SRDUP, 23.64%, 09/02/2025 (a)(q)	Upstart		09/08/2022		2,567		2,503		2,521
FW3393906.SRDUP, 31.57%, 09/02/2025 (a)(q)	Upstart		09/08/2022		1,828		1,781		1,772
FW3393921.SRDUP, 23.46%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		1,877		1,824		1,834
FW3393938.SRDUP, 21.1%, 09/02/2025 (a)(q)	Upstart		09/08/2022		14,209		13,854		13,959
FW3393950.SRDUP, 33.75%, 09/02/2027 (a)(q)	Upstart		09/08/2022		4,176		4,058		4,080
FW3394089.SRDUP, 28.82%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		1,757		1,708		1,712
FW3394115.SRDUP, 25.53%, 09/02/2027 (a)(q)	Upstart		09/08/2022		1,874		1,821		1,833
FW3394194.SRDUP, 18.07%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		7,000		6,790		992
FW3394243.SRDUP, 25.81%, 09/02/2027 (a)(q)	Upstart		09/08/2022		1,593		1,549		1,558
FW3394253.SRDUP, 30.52%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		970		941		190
FW3394271.SRDUP, 14.9%, 09/02/2027 (a)(q)	Upstart		09/08/2022		8,027		7,800		7,962
FW3394294.SRDUP, 32.93%, 09/02/2027 (a)(q)	Upstart		09/08/2022		4,204		4,085		4,076
FW3394316.SRDUP, 32.6%, 09/02/2027 (a)(q)	Upstart		09/08/2022		1,634		1,588		1,593
FW3394345.SRDUP, 31.44%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		28,909		28,047		14,644
FW3394348.SRDUP, 33.36%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		2,451		2,380		2,394
FW3394390.SRDUP, 27.09%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		5,250		5,103		5,180
FW3394524.SRDUP, 31.23%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		21,368		20,734		10,820
FW3394562.SRDUP, 33.19%, 09/02/2027 (a)(q)	Upstart		09/08/2022		18,989		18,451		18,535
FW3394585.SRDUP, 31.57%, 09/02/2027 (a)(q)	Upstart		09/08/2022		1,325		1,287		1,294
FW3394632.SRDUP, 28.05%, 09/02/2027 (a)(q)	Upstart		09/08/2022		4,704		4,572		4,600
FW3394639.SRDUP, 24.59%, 09/02/2025 (a)(q)	Upstart		09/08/2022		6,254		6,096		6,134
FW3394733.SRDUP, 29.28%, 09/02/2025 (a)(q)	Upstart		09/08/2022		4,332		4,234		4,201
FW3394739.SRDUP, 33.89%, 09/02/2027 (a)(q)	Upstart		09/08/2022		3,814		3,707		3,716
FW3394765.SRDUP, 34.33%, 09/02/2027 (a)(q)	Upstart		09/08/2022		5,703		5,560		5,571
FW3394775.SRDUP, 34.16%, 09/02/2027 (a)(q)	Upstart		09/08/2022		6,268		6,090		6,122
FW3394809.SRDUP, 15.08%, 09/02/2027 (a)(q)	Upstart		09/08/2022		5,386		5,239		5,319
FW3394816.SRDUP, 29.97%, 09/02/2027 (a)(q)	Upstart		09/08/2022		3,295		3,202		3,220
FW3394855.SRDUP, 29.54%, 09/02/2027 (a)(q)	Upstart		09/08/2022		1,321		1,284		1,291
FW3394873.SRDUP, 27.45%, 09/02/2025 (a)(q)	Upstart		09/08/2022		1,296		1,263		1,271
FW3394887.SRDUP, 24.06%, 09/02/2027 (a)(q)	Upstart		09/08/2022		9,321		9,062		9,102
FW3394890.SRDUP, 34.35%, 09/02/2027 (a)(q)	Upstart		09/08/2022		6,649		6,461		6,495
FW3394891.SRDUP, 21.89%, 09/02/2027 (a)(q)	Upstart		09/08/2022		40,735		39,610		39,813
FW3394942.SRDUP, 32.97%, 09/02/2025 (a)(q)	Upstart		09/08/2022		5,240		5,105		5,079
FW3394992.SRDUP, 16.05%, 09/02/2027 (a)(q)	Upstart		09/08/2022		29,764		28,871		29,397
FW3395002.SRDUP, 27.44%, 09/02/2027 (a)(q)	Upstart		09/08/2022		2,632		2,558		2,569
FW3395034.SRDUP, 24.83%, 07/02/2028 (a)(q)	Upstart		09/08/2022		26,668		25,871		26,075
FW3395077.SRDUP, 33.93%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		3,651		3,542		517
FW3395114.SRDUP, 33.38%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		2,582		2,504		366
FW3395145.SRDUP, 33.96%, 09/02/2025 (a)(l)(q)	Upstart		09/08/2022		7,736		7,504		1,096
FW3395148.SRDUP, 32.03%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		4,177		4,052		817
FW3395210.SRDUP, 29.75%, 09/02/2025 (a)(q)	Upstart		09/08/2022		5,018		4,889		4,861
FW3395231.SRDUP, 20.83%, 09/02/2027 (a)(q)	Upstart		09/08/2022		10,490		10,216		10,254
FW3395232.SRDUP, 29.72%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		9,432		9,167		9,220
FW3395243.SRDUP, 9.9%, 09/02/2025 (a)(q)	Upstart		09/08/2022		8,278		8,077		8,207
FW3395244.SRDUP, 34.35%, 09/02/2027 (a)(q)	Upstart		09/08/2022		5,700		5,538		5,567
FW3395285.SRDUP, 15.35%, 09/02/2025 (a)(l)(q)	Upstart		09/08/2022		3,358		3,269		3,319
FW3395340.SRDUP, 31.87%, 09/02/2027 (a)(q)	Upstart		09/08/2022		8,539		8,297		8,337

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

98

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3398692.SRDUP, 30.06%, 09/06/2027 (a)(q)	Upstart		09/09/2022	$	1,888	$	1,841	$	1,849
FW3399302.SRDUP, 10.61%, 09/06/2027 (a)(q)	Upstart		09/09/2022		43,423		42,250		43,242
FW3400399.SRDUP, 32.16%, 09/06/2027 (a)(l)(q)	Upstart		09/09/2022		2,818		2,733		560
FW3401114.SRDUP, 34%, 09/06/2027 (a)(l)(q)	Upstart		09/09/2022		3,681		3,577		3,603
FW3401125.SRDUP, 26.3%, 09/06/2027 (a)(q)	Upstart		09/09/2022		5,737		5,577		5,660
FW3401153.SRDUP, 30.81%, 02/06/2028 (a)(l)(q)	Upstart		09/09/2022		1,075		1,044		1,053
FW3401342.SRDUP, 27.85%, 09/06/2025 (a)(q)	Upstart		09/09/2022		1,998		1,947		1,941
FW3401466.SRDUP, 28.93%, 09/06/2027 (a)(q)	Upstart		09/09/2022		4,711		4,578		4,605
FW3401482.SRDUP, 34.37%, 09/06/2027 (a)(l)(q)	Upstart		09/09/2022		5,901		5,724		3,054
FW3401543.SRDUP, 30.71%, 09/06/2027 (a)(q)	Upstart		09/09/2022		1,039		1,010		1,018
FW3401732.SRDUP, 34.63%, 09/06/2027 (a)(q)	Upstart		09/09/2022		12,354		12,003		12,094
FW3401741.SRDUP, 32.7%, 09/06/2027 (a)(q)	Upstart		09/09/2022		2,180		2,118		2,134
FW3401789.SRDUP, 16.65%, 09/06/2027 (a)(l)(q)	Upstart		09/09/2022		16,143		15,658		—
FW3401844.SRDUP, 13.55%, 09/06/2027 (a)(q)	Upstart		09/09/2022		1,829		1,780		1,815
FW3401923.SRDUP, 29.26%, 09/06/2025 (a)(l)(q)	Upstart		09/09/2022		5,907		5,752		5,734
FW3401949.SRDUP, 25.79%, 09/06/2025 (a)(q)	Upstart		09/09/2022		3,474		3,386		3,377
FW3401956.SRDUP, 30.85%, 09/06/2025 (a)(q)	Upstart		09/09/2022		3,390		3,302		3,294
FW3402005.SRDUP, 33.56%, 09/06/2027 (a)(l)(q)	Upstart		09/09/2022		2,909		2,822		2,845
FW3402025.SRDUP, 26.61%, 09/06/2025 (a)(q)	Upstart		09/09/2022		4,494		4,381		4,367
FW3402068.SRDUP, 18.67%, 09/06/2027 (a)(q)	Upstart		09/09/2022		2,589		2,518		2,559
FW3402095.SRDUP, 33.38%, 09/06/2027 (a)(q)	Upstart		09/09/2022		5,217		5,069		5,109
FW3402261.SRDUP, 34.43%, 09/06/2027 (a)(q)	Upstart		09/09/2022		6,127		5,953		5,997
FW3402447.SRDUP, 15.12%, 09/06/2025 (a)(l)(q)	Upstart		09/09/2022		2,586		2,509		1,363
FW3402478.SRDUP, 34.66%, 09/06/2027 (a)(q)	Upstart		09/09/2022		11,119		10,803		10,885
FW3402560.SRDUP, 29.71%, 09/06/2027 (a)(q)	Upstart		09/09/2022		23,112		22,460		22,643
FW3402644.SRDUP, 30.58%, 09/06/2027 (a)(q)	Upstart		09/09/2022		17,007		16,527		16,660
FW3402647.SRDUP, 18.09%, 09/06/2027 (a)(q)	Upstart		09/09/2022		25,215		24,521		24,919
FW3402662.SRDUP, 33.2%, 09/06/2027 (a)(l)(q)	Upstart		09/09/2022		2,322		2,252		461
FW3479023.SRDUP, 29.93%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,219		2,155		2,178
FW3496038.SRDUP, 18.33%, 10/13/2025 (a)(q)	Upstart		10/18/2022		767		747		754
FW3497840.SRDUP, 24.46%, 10/13/2027 (a)(q)	Upstart		10/18/2022		783		761		767
FW3497901.SRDUP, 17.34%, 10/13/2027 (a)(q)	Upstart		10/18/2022		14,174		13,778		14,027
FW3499212.SRDUP, 25.91%, 10/13/2025 (a)(q)	Upstart		10/18/2022		7,494		7,298		7,383
FW3499282.SRDUP, 25.6%, 10/13/2027 (a)(q)	Upstart		10/18/2022		10,225		9,935		10,059
FW3499318.SRDUP, 27.64%, 10/13/2027 (a)(q)	Upstart		10/18/2022		8,526		8,284		8,369
FW3499323.SRDUP, 24.17%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,596		1,551		1,565
FW3499342.SRDUP, 29.93%, 10/13/2027 (a)(q)	Upstart		10/18/2022		6,439		6,273		6,329
FW3499546.SRDUP, 25.8%, 10/13/2027 (a)(q)	Upstart		10/18/2022		4,152		4,034		4,079
FW3499634.SRDUP, 24.31%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,173		2,112		2,132
FW3499705.SRDUP, 29.21%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		1,334		1,294		1,311
FW3499709.SRDUP, 23.87%, 03/13/2028 (a)(q)	Upstart		10/18/2022		1,447		1,404		1,428
FW3499754.SRDUP, 27.16%, 03/13/2026 (a)(l)(q)	Upstart		10/18/2022		1,304		1,266		1,276
FW3499772.SRDUP, 28.67%, 10/13/2027 (a)(q)	Upstart		10/18/2022		7,417		7,206		7,294
FW3499773.SRDUP, 26.76%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		5,000		4,850		708
FW3499814.SRDUP, 29.62%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,190		2,128		2,153
FW3499818.SRDUP, 19.72%, 10/13/2027 (a)(q)	Upstart		10/18/2022		3,189		3,100		3,141
FW3499836.SRDUP, 20.93%, 10/13/2027 (a)(q)	Upstart		10/18/2022		3,131		3,043		3,071
FW3499839.SRDUP, 29.37%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,428		1,387		1,404
FW3499853.SRDUP, 29.93%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,286		2,221		2,248
FW3499856.SRDUP, 26.88%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,182		2,120		2,146
FW3499873.SRDUP, 29.53%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,333		1,295		1,311
FW3499876.SRDUP, 23.1%, 10/13/2027 (a)(q)	Upstart		10/18/2022		38,960		37,862		38,227
FW3499879.SRDUP, 17.31%, 10/13/2027 (a)(q)	Upstart		10/18/2022		7,276		7,097		7,203
FW3499882.SRDUP, 25.15%, 10/13/2025 (a)(q)	Upstart		10/18/2022		11,180		10,888		10,913
FW3499923.SRDUP, 29.63%, 10/13/2027 (a)(q)	Upstart		10/18/2022		6,189		6,013		6,086

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

99

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3499968.SRDUP, 19.82%, 10/13/2027 (a)(q)	Upstart		10/18/2022	$	3,745	$	3,640	$	3,688
FW3499977.SRDUP, 11.97%, 10/13/2027 (a)(q)	Upstart		10/18/2022		7,396		7,192		7,348
FW3499993.SRDUP, 18.48%, 10/13/2027 (a)(q)	Upstart		10/18/2022		6,270		6,095		6,206
FW3499999.SRDUP, 30.04%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,282		2,217		2,244
FW3500035.SRDUP, 28.37%, 10/13/2027 (a)(q)	Upstart		10/18/2022		34,406		33,374		33,837
FW3500039.SRDUP, 29.98%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,238		1,207		1,218
FW3500053.SRDUP, 27.47%, 10/13/2025 (a)(q)	Upstart		10/18/2022		2,121		2,065		2,071
FW3500096.SRDUP, 27.38%, 10/13/2025 (a)(l)(q)	Upstart		10/18/2022		945		917		191
FW3500123.SRDUP, 27.89%, 10/13/2027 (a)(q)	Upstart		10/18/2022		9,499		9,229		9,343
FW3500131.SRDUP, 15.16%, 10/13/2027 (a)(q)	Upstart		10/18/2022		25,860		25,142		25,603
FW3500140.SRDUP, 29.94%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		2,445		2,372		721
FW3500172.SRDUP, 23.64%, 03/13/2028 (a)(l)(q)	Upstart		10/18/2022		28,599		27,875		28,162
FW3500176.SRDUP, 29.93%, 10/13/2027 (a)(q)	Upstart		10/18/2022		5,144		4,997		5,061
FW3500211.SRDUP, 12.15%, 10/13/2027 (a)(q)	Upstart		10/18/2022		10,356		10,103		10,289
FW3500223.SRDUP, 25.75%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,651		2,576		2,601
FW3500238.SRDUP, 28.64%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		1,055		1,029		977
FW3500263.SRDUP, 12.51%, 10/13/2027 (a)(q)	Upstart		10/18/2022		13,883		13,500		13,793
FW3500283.SRDUP, 29.57%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,523		1,480		1,499
FW3500291.SRDUP, 29.93%, 10/13/2027 (a)(q)	Upstart		10/18/2022		8,937		8,682		8,837
FW3500296.SRDUP, 21.42%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,342		2,276		2,306
FW3500297.SRDUP, 18.45%, 10/13/2027 (a)(q)	Upstart		10/18/2022		20,868		20,285		20,655
FW3500298.SRDUP, 29.5%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,047		1,021		1,030
FW3500322.SRDUP, 19.73%, 10/13/2027 (a)(q)	Upstart		10/18/2022		15,006		14,585		14,779
FW3500327.SRDUP, 29.67%, 10/13/2027 (a)(q)	Upstart		10/18/2022		14,855		14,432		14,607
FW3500335.SRDUP, 26.54%, 10/13/2027 (a)(q)	Upstart		10/18/2022		3,803		3,696		3,732
FW3500340.SRDUP, 23.58%, 10/13/2025 (a)(q)	Upstart		10/18/2022		5,258		5,121		5,181
FW3500342.SRDUP, 20.29%, 10/13/2027 (a)(q)	Upstart		10/18/2022		23,469		22,811		23,112
FW3500372.SRDUP, 23%, 10/13/2027 (a)(q)	Upstart		10/18/2022		12,635		12,321		12,398
FW3500395.SRDUP, 15.25%, 10/13/2025 (a)(q)	Upstart		10/18/2022		14,503		14,131		14,368
FW3500397.SRDUP, 29.48%, 10/13/2027 (a)(q)	Upstart		10/18/2022		3,808		3,700		3,745
FW3500398.SRDUP, 16.89%, 10/13/2025 (a)(q)	Upstart		10/18/2022		5,196		5,063		5,148
FW3500428.SRDUP, 28.33%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,596		2,521		2,550
FW3500435.SRDUP, 29.64%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,809		1,758		1,779
FW3500450.SRDUP, 27.44%, 10/13/2027 (a)(q)	Upstart		10/18/2022		5,696		5,534		5,602
FW3500464.SRDUP, 25.56%, 10/13/2025 (a)(l)(q)	Upstart		10/18/2022		2,005		1,952		1,957
FW3500490.SRDUP, 26.51%, 10/13/2027 (a)(q)	Upstart		10/18/2022		12,300		11,951		12,098
FW3500521.SRDUP, 24.81%, 10/13/2025 (a)(q)	Upstart		10/18/2022		2,463		2,399		2,427
FW3500523.SRDUP, 27.39%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,848		2,767		2,803
FW3500536.SRDUP, 12.55%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		13,818		13,436		13,727
FW3500545.SRDUP, 28.98%, 10/13/2027 (a)(q)	Upstart		10/18/2022		25,639		24,909		25,138
FW3500552.SRDUP, 23.27%, 10/13/2025 (a)(q)	Upstart		10/18/2022		4,386		4,272		4,322
FW3500553.SRDUP, 27.33%, 10/13/2025 (a)(q)	Upstart		10/18/2022		1,680		1,635		1,640
FW3500560.SRDUP, 28.6%, 10/13/2027 (a)(q)	Upstart		10/18/2022		21,086		20,486		20,728
FW3500575.SRDUP, 25.61%, 10/13/2027 (a)(q)	Upstart		10/18/2022		5,681		5,520		5,572
FW3500577.SRDUP, 22.11%, 10/13/2027 (a)(q)	Upstart		10/18/2022		10,357		10,066		10,249
FW3500578.SRDUP, 16.33%, 10/13/2027 (a)(q)	Upstart		10/18/2022		15,826		15,385		15,666
FW3500590.SRDUP, 22.38%, 10/13/2027 (a)(q)	Upstart		10/18/2022		3,580		3,479		3,525
FW3500595.SRDUP, 27.47%, 10/13/2025 (a)(q)	Upstart		10/18/2022		882		858		861
FW3500596.SRDUP, 30.01%, 10/13/2027 (a)(q)	Upstart		10/18/2022		4,192		4,072		4,122
FW3500598.SRDUP, 25.42%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		41,798		40,613		40,983
FW3500603.SRDUP, 29.08%, 10/13/2027 (a)(q)	Upstart		10/18/2022		14,272		13,866		14,035
FW3500616.SRDUP, 18.76%, 10/13/2025 (a)(q)	Upstart		10/18/2022		13,041		12,705		12,858
FW3500621.SRDUP, 29.79%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,810		1,758		1,779
FW3500623.SRDUP, 24.79%, 10/13/2025 (a)(q)	Upstart		10/18/2022		3,959		3,856		3,866
FW3500625.SRDUP, 27.39%, 10/13/2025 (a)(q)	Upstart		10/18/2022		972		947		949

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

100

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3500650.SRDUP, 28.87%, 10/13/2027 (a)(q)	Upstart		10/18/2022	$	5,760	$	5,596	$	5,666
FW3500656.SRDUP, 34.46%, 03/13/2028 (a)(l)(q)	Upstart		10/18/2022		6,959		6,763		6,880
FW3500671.SRDUP, 27.52%, 10/13/2025 (a)(q)	Upstart		10/18/2022		3,360		3,272		3,310
FW3500703.SRDUP, 28.02%, 10/13/2027 (a)(q)	Upstart		10/18/2022		11,116		10,800		10,933
FW3500705.SRDUP, 30.08%, 10/13/2027 (a)(q)	Upstart		10/18/2022		19,133		18,587		18,811
FW3500721.SRDUP, 29.74%, 10/13/2027 (a)(q)	Upstart		10/18/2022		47,738		46,377		46,934
FW3500728.SRDUP, 23.77%, 10/13/2025 (a)(l)(q)	Upstart		10/18/2022		4,035		3,919		3,781
FW3500732.SRDUP, 24.3%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		6,430		6,249		5,957
FW3500736.SRDUP, 30.01%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,523		1,479		1,497
FW3500743.SRDUP, 24.1%, 10/13/2027 (a)(q)	Upstart		10/18/2022		14,774		14,406		14,502
FW3500761.SRDUP, 22.35%, 10/13/2025 (a)(q)	Upstart		10/18/2022		3,940		3,838		3,883
FW3500765.SRDUP, 23.74%, 10/13/2027 (a)(q)	Upstart		10/18/2022		15,910		15,461		15,658
FW3500768.SRDUP, 29.79%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		1,138		1,106		1,103
FW3500778.SRDUP, 26.15%, 10/13/2025 (a)(q)	Upstart		10/18/2022		4,402		4,287		4,298
FW3500784.SRDUP, 29.82%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		2,278		2,210		323
FW3500786.SRDUP, 29.96%, 10/13/2027 (a)(q)	Upstart		10/18/2022		8,515		8,272		8,368
FW3500793.SRDUP, 30.02%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,208		1,173		1,180
FW3500796.SRDUP, 24.93%, 10/13/2025 (a)(q)	Upstart		10/18/2022		6,162		6,001		6,015
FW3500804.SRDUP, 24.54%, 10/13/2025 (a)(q)	Upstart		10/18/2022		879		856		859
FW3500812.SRDUP, 27.42%, 10/13/2027 (a)(q)	Upstart		10/18/2022		10,631		10,330		10,463
FW3500921.SRDUP, 12.21%, 10/13/2025 (a)(q)	Upstart		10/18/2022		1,972		1,922		1,956
FW3500931.SRDUP, 29.45%, 10/13/2027 (a)(q)	Upstart		10/18/2022		4,284		4,162		4,213
FW3500941.SRDUP, 22.77%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,656		1,609		1,624
FW3500943.SRDUP, 27.44%, 10/13/2027 (a)(q)	Upstart		10/18/2022		10,633		10,331		10,428
FW3500951.SRDUP, 29.33%, 10/13/2027 (a)(q)	Upstart		10/18/2022		4,759		4,624		4,680
FW3500994.SRDUP, 29.27%, 10/13/2027 (a)(q)	Upstart		10/18/2022		916		890		899
FW3500998.SRDUP, 28.63%, 10/13/2027 (a)(q)	Upstart		10/18/2022		4,469		4,342		4,382
FW3501022.SRDUP, 11.8%, 10/13/2027 (a)(q)	Upstart		10/18/2022		41,125		39,991		40,860
FW3501027.SRDUP, 27.51%, 10/13/2027 (a)(q)	Upstart		10/18/2022		17,943		17,493		17,649
FW3501054.SRDUP, 27.15%, 10/13/2027 (a)(q)	Upstart		10/18/2022		10,438		10,142		10,267
FW3501071.SRDUP, 27.32%, 10/13/2027 (a)(q)	Upstart		10/18/2022		13,383		13,003		13,163
FW3501080.SRDUP, 28.48%, 10/13/2027 (a)(q)	Upstart		10/18/2022		39,168		38,055		38,521
FW3501100.SRDUP, 22.14%, 10/13/2027 (a)(q)	Upstart		10/18/2022		16,761		16,290		16,504
FW3501118.SRDUP, 28.5%, 10/13/2027 (a)(q)	Upstart		10/18/2022		4,266		4,145		4,195
FW3501127.SRDUP, 21.19%, 10/13/2025 (a)(q)	Upstart		10/18/2022		874		851		861
FW3501142.SRDUP, 29.97%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		1,133		1,101		1,113
FW3501152.SRDUP, 27.56%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		33,862		32,846		9,908
FW3501162.SRDUP, 26.17%, 10/13/2027 (a)(q)	Upstart		10/18/2022		7,107		6,905		6,991
FW3501180.SRDUP, 16.17%, 10/13/2027 (a)(q)	Upstart		10/18/2022		21,901		21,292		21,681
FW3501197.SRDUP, 29.09%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,144		1,111		1,124
FW3501198.SRDUP, 25.77%, 10/13/2025 (a)(q)	Upstart		10/18/2022		1,058		1,030		1,033
FW3501227.SRDUP, 30.05%, 08/13/2028 (a)(l)(q)	Upstart		10/18/2022		2,574		2,497		2,397
FW3501229.SRDUP, 26.78%, 10/13/2027 (a)(q)	Upstart		10/18/2022		10,622		10,320		10,448
FW3501251.SRDUP, 18.41%, 10/13/2027 (a)(q)	Upstart		10/18/2022		11,229		10,915		11,114
FW3501258.SRDUP, 29.73%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,048		1,018		1,030
FW3501262.SRDUP, 29.26%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,855		2,774		2,808
FW3501264.SRDUP, 26.76%, 10/13/2027 (a)(q)	Upstart		10/18/2022		5,705		5,544		5,610
FW3501289.SRDUP, 29.85%, 10/13/2027 (a)(q)	Upstart		10/18/2022		3,143		3,054		3,091
FW3501295.SRDUP, 29.8%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,899		1,845		1,867
FW3501303.SRDUP, 29.89%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,757		2,688		2,711
FW3501308.SRDUP, 28.56%, 10/13/2027 (a)(q)	Upstart		10/18/2022		6,370		6,189		6,265
FW3501310.SRDUP, 29.7%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		1,138		1,107		1,119
FW3501329.SRDUP, 27.65%, 10/13/2027 (a)(q)	Upstart		10/18/2022		8,538		8,297		8,397
FW3501338.SRDUP, 29.94%, 10/13/2027 (a)(q)	Upstart		10/18/2022		11,219		10,899		10,999
FW3501368.SRDUP, 24.11%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		14,312		13,909		13,313

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

101

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3501398.SRDUP, 21.49%, 10/13/2027 (a)(q)	Upstart		10/18/2022	$	47,128	$	45,804	$	46,269
FW3521039.SRDUP, 29.36%, 11/02/2027 (a)(l)(q)	Upstart		11/07/2022		1,488		1,444		116
FW3535092.SRDUP, 27.39%, 11/01/2025 (a)(q)	Upstart		11/04/2022		3,575		3,481		3,497
FW3537005.SRDUP, 21.95%, 11/01/2027 (a)(q)	Upstart		11/04/2022		9,364		9,099		9,247
FW3541387.SRDUP, 28.86%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,151		1,118		1,124
FW3541513.SRDUP, 26.16%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		7,651		7,433		7,475
FW3541647.SRDUP, 23.02%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		4,762		4,627		4,655
FW3541727.SRDUP, 29.2%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		960		932		941
FW3541732.SRDUP, 25.48%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		4,312		4,191		4,214
FW3541734.SRDUP, 29.95%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		5,666		5,504		5,533
FW3541759.SRDUP, 28.62%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		4,795		4,658		4,683
FW3541761.SRDUP, 24.28%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		4,771		4,635		4,663
FW3541801.SRDUP, 29.59%, 04/01/2028 (a)(l)(q)	Upstart		11/04/2022		18,301		17,765		17,870
FW3541814.SRDUP, 25.1%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		4,303		4,182		4,204
FW3541830.SRDUP, 29.82%, 11/01/2027 (a)(q)	Upstart		11/04/2022		1,929		1,872		1,884
FW3541847.SRDUP, 28.38%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		2,113		2,052		2,063
FW3541863.SRDUP, 22.3%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		6,661		6,472		6,538
FW3541903.SRDUP, 20.1%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		5,218		5,088		5,123
FW3541925.SRDUP, 29.58%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,220		1,187		1,195
FW3541931.SRDUP, 20.02%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		2,941		2,858		2,887
FW3541940.SRDUP, 27.95%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		968		940		947
FW3541943.SRDUP, 30.08%, 11/01/2027 (a)(q)	Upstart		11/04/2022		5,803		5,637		5,659
FW3541987.SRDUP, 26.9%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		10,911		10,599		10,659
FW3541991.SRDUP, 33.42%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		2,699		2,630		2,634
FW3541994.SRDUP, 25.07%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		2,196		2,134		2,146
FW3542009.SRDUP, 26.08%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		19,123		18,578		18,683
FW3542010.SRDUP, 25.74%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,911		1,857		1,868
FW3542062.SRDUP, 27.08%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		1,717		1,676		1,665
FW3542090.SRDUP, 29.8%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		3,098		3,005		1,547
FW3542143.SRDUP, 29.91%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		7,005		6,828		6,840
FW3542149.SRDUP, 30.07%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		3,700		3,589		524
FW3542154.SRDUP, 25.14%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,949		1,891		516
FW3542156.SRDUP, 24.72%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		47,727		46,369		46,641
FW3542159.SRDUP, 22.35%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		5,016		4,884		4,921
FW3542163.SRDUP, 28.53%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		15,875		15,420		15,501
FW3542196.SRDUP, 26.8%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		3,400		3,298		482
FW3542201.SRDUP, 25.25%, 11/01/2027 (a)(q)	Upstart		11/04/2022		17,114		16,609		16,722
FW3542218.SRDUP, 28.57%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,534		1,490		1,498
FW3542250.SRDUP, 26.82%, 11/01/2025 (a)(q)	Upstart		11/04/2022		1,460		1,421		1,417
FW3542288.SRDUP, 21.13%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		9,282		9,020		9,166
FW3542290.SRDUP, 29.36%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,056		1,026		1,031
FW3542294.SRDUP, 29.73%, 11/01/2027 (a)(q)	Upstart		11/04/2022		1,402		1,362		1,368
FW3542328.SRDUP, 18.66%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		12,119		11,778		11,973
FW3542332.SRDUP, 25.85%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		7,647		7,429		7,472
FW3542345.SRDUP, 22.07%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		3,590		3,496		3,522
FW3542352.SRDUP, 25.74%, 11/01/2027 (a)(q)	Upstart		11/04/2022		4,668		4,535		4,556
FW3542357.SRDUP, 28.49%, 11/01/2027 (a)(q)	Upstart		11/04/2022		5,818		5,657		5,688
FW3542364.SRDUP, 27.25%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		4,067		3,958		3,943
FW3542366.SRDUP, 22.33%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		6,185		6,010		6,047
FW3542370.SRDUP, 25.35%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		1,802		1,754		1,748
FW3542378.SRDUP, 27.38%, 11/01/2025 (a)(q)	Upstart		11/04/2022		2,292		2,228		2,247
FW3542396.SRDUP, 17.86%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		28,386		27,587		28,046
FW3542405.SRDUP, 21.3%, 11/01/2025 (a)(q)	Upstart		11/04/2022		1,078		1,048		1,055
FW3542407.SRDUP, 24.57%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		12,407		12,095		12,125
FW3542413.SRDUP, 30%, 11/02/2027 (a)(q)	Upstart		11/07/2022		4,514		4,385		4,410

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

102

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
FW3542419.SRDUP, 13.6%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022	$	1,326	$	1,291	$	1,312
FW3542431.SRDUP, 12.92%, 11/01/2027 (a)(q)	Upstart		11/04/2022		7,056		6,859		7,029
FW3542470.SRDUP, 28.64%, 11/02/2027 (a)(q)	Upstart		11/07/2022		6,042		5,869		5,904
FW3542479.SRDUP, 29.5%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,056		1,026		1,031
FW3542496.SRDUP, 30.06%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		2,209		2,146		2,157
FW3542522.SRDUP, 29.48%, 11/02/2027 (a)(q)	Upstart		11/07/2022		1,056		1,026		1,032
FW3542538.SRDUP, 28.16%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		3,642		3,538		3,558
FW3542581.SRDUP, 24.4%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		2,862		2,781		2,797
FW3542600.SRDUP, 23.55%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		5,032		4,899		4,882
FW3542603.SRDUP, 27.86%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		8,527		8,284		8,329
FW3542644.SRDUP, 28%, 11/02/2027 (a)(q)	Upstart		11/07/2022		1,725		1,676		1,686
FW3542651.SRDUP, 29.78%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,440		1,399		1,406
FW3542652.SRDUP, 22.99%, 11/01/2027 (a)(q)	Upstart		11/04/2022		2,793		2,714		2,729
FW3542659.SRDUP, 27.95%, 11/01/2027 (a)(q)	Upstart		11/04/2022		1,917		1,862		1,872
FW3542662.SRDUP, 12%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		2,812		2,733		2,791
FW3542663.SRDUP, 27.14%, 11/01/2025 (a)(q)	Upstart		11/04/2022		730		711		707
FW3542669.SRDUP, 28.32%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		21,378		20,767		20,882
FW3542719.SRDUP, 19.3%, 11/02/2025 (a)(q)	Upstart		11/07/2022		5,979		5,822		5,908
FW3542728.SRDUP, 27.25%, 11/02/2027 (a)(l)(q)	Upstart		11/07/2022		6,084		5,903		3,012
FW3542735.SRDUP, 12.79%, 11/02/2025 (a)(q)	Upstart		11/07/2022		5,913		5,760		5,854
FW3542770.SRDUP, 28.9%, 11/02/2027 (a)(q)	Upstart		11/07/2022		18,143		17,683		17,706
FW3542785.SRDUP, 27.93%, 11/02/2027 (a)(q)	Upstart		11/07/2022		2,875		2,792		2,809
FW3542839.SRDUP, 25.58%, 11/02/2027 (a)(q)	Upstart		11/07/2022		10,702		10,397		10,461
FW3542854.SRDUP, 28.76%, 11/02/2027 (a)(l)(q)	Upstart		11/07/2022		6,668		6,468		434
FW3542860.SRDUP, 17.01%, 11/02/2027 (a)(q)	Upstart		11/07/2022		4,723		4,590		4,667
FW3542869.SRDUP, 17.18%, 11/02/2027 (a)(q)	Upstart		11/07/2022		14,172		13,774		14,005
FW3542892.SRDUP, 24.6%, 11/02/2025 (a)(q)	Upstart		11/07/2022		1,889		1,839		1,831
FW3542901.SRDUP, 29.75%, 11/02/2027 (a)(q)	Upstart		11/07/2022		2,112		2,059		2,064
FW3542904.SRDUP, 29.17%, 11/02/2027 (a)(q)	Upstart		11/07/2022		4,798		4,676		4,688
FW3542909.SRDUP, 27.18%, 11/02/2027 (a)(q)	Upstart		11/07/2022		14,171		13,766		13,847
FW3542919.SRDUP, 22.51%, 11/02/2027 (a)(q)	Upstart		11/07/2022		2,189		2,127		2,149
FW3542920.SRDUP, 27.4%, 11/02/2025 (a)(q)	Upstart		11/07/2022		1,116		1,086		1,093
FW3542935.SRDUP, 26.79%, 11/02/2027 (a)(q)	Upstart		11/07/2022		31,962		31,050		31,238
FW3542964.SRDUP, 25.68%, 11/02/2027 (a)(q)	Upstart		11/07/2022		4,778		4,642		4,671
FW3542972.SRDUP, 14.72%, 11/02/2027 (a)(q)	Upstart		11/07/2022		5,648		5,490		5,583
FW3542973.SRDUP, 29.93%, 11/02/2027 (a)(q)	Upstart		11/07/2022		17,671		17,164		17,265
FW3542975.SRDUP, 25.31%, 11/02/2025 (a)(l)(q)	Upstart		11/07/2022		4,101		3,994		3,984
FW3542980.SRDUP, 20.84%, 11/08/2027 (a)(q)	Upstart		11/07/2022		26,402		25,655		26,083
FW3543000.SRDUP, 29.99%, 11/02/2027 (a)(q)	Upstart		11/07/2022		1,418		1,377		1,384
FW3543008.SRDUP, 29.79%, 11/02/2027 (a)(l)(q)	Upstart		11/07/2022		1,238		1,201		1,208
FW3543018.SRDUP, 29.18%, 11/02/2027 (a)(q)	Upstart		11/07/2022		1,439		1,398		1,421
FW3543025.SRDUP, 16.35%, 11/02/2025 (a)(q)	Upstart		11/07/2022		888		865		878
FW3543028.SRDUP, 18.55%, 11/02/2025 (a)(q)	Upstart		11/07/2022		5,526		5,381		5,427
FW3543040.SRDUP, 29.29%, 11/02/2027 (a)(q)	Upstart		11/07/2022		14,396		13,983		14,066
FW3543051.SRDUP, 28.86%, 11/02/2027 (a)(q)	Upstart		11/07/2022		7,576		7,362		7,411
FW3543054.SRDUP, 25.59%, 11/02/2027 (a)(q)	Upstart		11/07/2022		27,902		27,107		27,274
FW3543067.SRDUP, 23.02%, 11/02/2027 (a)(q)	Upstart		11/07/2022		1,905		1,851		1,870
FW3543083.SRDUP, 12.55%, 11/02/2027 (a)(q)	Upstart		11/07/2022		21,575		20,974		21,416
FW3543086.SRDUP, 22.38%, 11/02/2025 (a)(q)	Upstart		11/07/2022		30,560		29,752		29,996
FW3543119.SRDUP, 25.49%, 11/02/2025 (a)(q)	Upstart		11/07/2022		2,628		2,558		2,579
L3265831.SRDUP, 23.14%, 07/20/2027 (a)(q)	Upstart		07/25/2022		1,369		1,369		1,346
L3268810.SRDUP, 19.1%, 07/22/2027 (a)(q)	Upstart		07/27/2022		7,228		7,228		7,163
L3279284.SRDUP, 24.4%, 07/20/2027 (a)(q)	Upstart		07/25/2022		2,014		2,014		1,980
L3282815.SRDUP, 20.86%, 07/18/2027 (a)(q)	Upstart		07/21/2022		31,768		31,768		31,312
L3283486.SRDUP, 16.28%, 07/22/2027 (a)(q)	Upstart		07/27/2022		2,690		2,690		2,666

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

103

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3283655.SRDUP, 24.33%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022	$	11,476	$	11,476	$	2,240
L3288703.SRDUP, 17.47%, 07/19/2027 (a)(q)	Upstart		07/22/2022		3,598		3,598		3,564
L3288889.SRDUP, 20.6%, 07/18/2027 (a)(q)	Upstart		07/21/2022		4,253		4,253		4,209
L3290827.SRDUP, 21.72%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		13,900		13,900		1,285
L3290939.SRDUP, 16.53%, 07/19/2027 (a)(q)	Upstart		07/22/2022		29,967		29,967		29,686
L3291096.SRDUP, 23.75%, 07/19/2027 (a)(q)	Upstart		07/22/2022		1,097		1,097		1,081
L3291098.SRDUP, 19.78%, 07/18/2027 (a)(q)	Upstart		07/21/2022		3,983		3,983		3,926
L3291148.SRDUP, 14.82%, 07/19/2027 (a)(q)	Upstart		07/22/2022		3,572		3,572		3,538
L3291149.SRDUP, 21.66%, 07/18/2025 (a)(q)	Upstart		07/21/2022		4,036		4,036		3,988
L3291157.SRDUP, 24.36%, 07/18/2027 (a)(q)	Upstart		07/21/2022		8,698		8,698		8,571
L3291176.SRDUP, 18.37%, 07/18/2027 (a)(l)(q)	Upstart		07/21/2022		778		778		768
L3291291.SRDUP, 21.66%, 07/18/2025 (a)(q)	Upstart		07/21/2022		1,011		1,011		997
L3291319.SRDUP, 24.33%, 07/18/2027 (a)(q)	Upstart		07/21/2022		4,211		4,211		4,136
L3291468.SRDUP, 24.41%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		3,464		3,464		491
L3291551.SRDUP, 21.55%, 07/19/2027 (a)(q)	Upstart		07/22/2022		3,092		3,092		3,038
L3291594.SRDUP, 19.14%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		13,177		13,220		12,227
L3291614.SRDUP, 19.03%, 07/19/2027 (a)(q)	Upstart		07/22/2022		3,433		3,433		3,400
L3291615.SRDUP, 24.31%, 07/19/2027 (a)(q)	Upstart		07/22/2022		1,465		1,465		1,444
L3291621.SRDUP, 24.41%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		28,441		28,441		4,030
L3291691.SRDUP, 13.34%, 07/19/2027 (a)(q)	Upstart		07/22/2022		7,099		7,099		7,035
L3291740.SRDUP, 23.24%, 07/19/2027 (a)(q)	Upstart		07/22/2022		12,783		12,783		12,560
L3291772.SRDUP, 17.28%, 07/19/2027 (a)(q)	Upstart		07/22/2022		5,035		5,035		4,987
L3291813.SRDUP, 24.2%, 07/19/2027 (a)(q)	Upstart		07/22/2022		4,027		4,027		3,957
L3291872.SRDUP, 23.71%, 07/19/2027 (a)(q)	Upstart		07/22/2022		5,759		5,759		5,658
L3291879.SRDUP, 24.41%, 07/19/2027 (a)(q)	Upstart		07/22/2022		1,557		1,562		1,529
L3291907.SRDUP, 24.4%, 07/19/2027 (a)(q)	Upstart		07/22/2022		6,410		6,410		6,297
L3291992.SRDUP, 24.35%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		7,381		7,381		1,462
L3292033.SRDUP, 18.2%, 07/19/2027 (a)(q)	Upstart		07/22/2022		13,520		13,520		13,392
L3292086.SRDUP, 24.15%, 07/19/2027 (a)(q)	Upstart		07/22/2022		25,441		25,441		25,077
L3292091.SRDUP, 9.84%, 07/19/2027 (a)(q)	Upstart		07/22/2022		7,036		7,036		7,012
L3292141.SRDUP, 14.93%, 07/19/2027 (a)(q)	Upstart		07/22/2022		17,754		17,754		17,640
L3292188.SRDUP, 24.2%, 07/19/2027 (a)(q)	Upstart		07/22/2022		1,373		1,373		1,349
L3292189.SRDUP, 18.56%, 12/22/2027 (a)(l)(q)	Upstart		07/27/2022		30,269		30,269		30,009
L3292206.SRDUP, 22.62%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		9,793		9,793		2,634
L3292210.SRDUP, 18.6%, 07/19/2027 (a)(q)	Upstart		07/22/2022		9,925		9,925		9,831
L3292268.SRDUP, 24.07%, 07/19/2027 (a)(q)	Upstart		07/22/2022		12,351		12,351		12,174
L3292269.SRDUP, 21.49%, 07/19/2027 (a)(q)	Upstart		07/22/2022		7,273		7,273		7,171
L3292285.SRDUP, 20.95%, 07/19/2027 (a)(q)	Upstart		07/22/2022		1,543		1,543		1,522
L3292286.SRDUP, 21.53%, 07/19/2027 (a)(q)	Upstart		07/22/2022		11,361		11,361		11,204
L3292293.SRDUP, 19.3%, 07/19/2027 (a)(q)	Upstart		07/22/2022		4,520		4,520		4,457
L3292304.SRDUP, 12.31%, 07/19/2027 (a)(q)	Upstart		07/22/2022		28,450		28,450		28,272
L3292306.SRDUP, 21%, 07/19/2025 (a)(q)	Upstart		07/22/2022		4,027		4,027		3,981
L3292335.SRDUP, 24.3%, 07/19/2027 (a)(q)	Upstart		07/22/2022		1,337		1,337		1,317
L3292347.SRDUP, 20.06%, 07/19/2025 (a)(q)	Upstart		07/22/2022		4,016		4,016		3,970
L3292349.SRDUP, 20.94%, 07/19/2025 (a)(q)	Upstart		07/22/2022		1,047		1,050		1,035
L3292376.SRDUP, 19.31%, 07/19/2025 (a)(q)	Upstart		07/22/2022		7,220		7,240		7,138
L3292401.SRDUP, 21.17%, 12/19/2027 (a)(l)(q)	Upstart		07/22/2022		2,944		2,944		247
L3292406.SRDUP, 20.05%, 07/19/2027 (a)(q)	Upstart		07/22/2022		3,623		3,623		3,572
L3292418.SRDUP, 20.73%, 07/19/2027 (a)(q)	Upstart		07/22/2022		10,394		10,394		10,226
L3292424.SRDUP, 24.05%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		4,212		4,212		3,934
L3292425.SRDUP, 23.78%, 12/19/2027 (a)(l)(q)	Upstart		07/22/2022		6,462		6,462		6,366
L3292457.SRDUP, 18.59%, 07/19/2027 (a)(q)	Upstart		07/22/2022		6,746		6,746		6,655
L3292483.SRDUP, 21.53%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		8,761		8,761		8,127
L3292484.SRDUP, 17.39%, 07/19/2027 (a)(q)	Upstart		07/22/2022		7,166		7,166		7,119
L3292493.SRDUP, 18.76%, 07/19/2027 (a)(q)	Upstart		07/22/2022		1,050		1,050		1,040

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

104

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3292501.SRDUP, 17.83%, 07/19/2027 (a)(q)	Upstart		07/22/2022	$	25,032	$	25,032	$	24,795
L3292511.SRDUP, 23.98%, 07/19/2027 (a)(q)	Upstart		07/22/2022		9,181		9,181		9,021
L3292537.SRDUP, 21.03%, 07/19/2027 (a)(q)	Upstart		07/22/2022		10,524		10,524		10,371
L3292538.SRDUP, 13.06%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		3,466		3,477		3,444
L3292584.SRDUP, 15.32%, 07/19/2027 (a)(q)	Upstart		07/22/2022		894		894		886
L3292655.SRDUP, 17.26%, 07/19/2025 (a)(q)	Upstart		07/22/2022		799		799		793
L3292688.SRDUP, 24.2%, 07/19/2027 (a)(q)	Upstart		07/22/2022		2,105		2,105		2,068
L3292702.SRDUP, 23.84%, 07/19/2027 (a)(l)(q)	Upstart		07/22/2022		1,124		1,124		1,041
L3292703.SRDUP, 15.6%, 07/28/2027 (a)(q)	Upstart		07/22/2022		26,319		26,319		26,075
L3293908.SRDUP, 22.82%, 07/20/2027 (a)(q)	Upstart		07/25/2022		1,095		1,095		1,079
L3294053.SRDUP, 10.92%, 07/20/2027 (a)(q)	Upstart		07/25/2022		44,125		44,125		43,972
L3294496.SRDUP, 16.02%, 07/20/2027 (a)(q)	Upstart		07/25/2022		6,003		6,003		5,948
L3294776.SRDUP, 26.75%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		3,275		3,275		3,243
L3294888.SRDUP, 21.11%, 07/20/2027 (a)(q)	Upstart		07/25/2022		2,087		2,087		2,059
L3294907.SRDUP, 20.96%, 07/20/2027 (a)(q)	Upstart		07/25/2022		45,395		45,395		44,628
L3294929.SRDUP, 24.4%, 07/20/2027 (a)(q)	Upstart		07/25/2022		2,289		2,289		2,250
L3294963.SRDUP, 12.45%, 07/20/2025 (a)(q)	Upstart		07/25/2022		784		784		778
L3295007.SRDUP, 24.33%, 07/20/2027 (a)(q)	Upstart		07/25/2022		915		915		900
L3295087.SRDUP, 24.33%, 07/20/2027 (a)(q)	Upstart		07/25/2022		1,556		1,556		1,530
L3295117.SRDUP, 11.03%, 07/20/2027 (a)(q)	Upstart		07/25/2022		44,214		44,214		44,060
L3295150.SRDUP, 24.32%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		14,831		14,883		4,007
L3295171.SRDUP, 20.62%, 07/20/2027 (a)(q)	Upstart		07/25/2022		1,814		1,814		1,797
L3295185.SRDUP, 19.25%, 07/20/2027 (a)(q)	Upstart		07/25/2022		14,338		14,338		14,185
L3295187.SRDUP, 21.54%, 07/20/2027 (a)(q)	Upstart		07/25/2022		2,729		2,729		2,692
L3295296.SRDUP, 17.83%, 07/20/2027 (a)(q)	Upstart		07/25/2022		9,004		9,004		8,920
L3295312.SRDUP, 24.12%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,282		1,282		1,264
L3295314.SRDUP, 15.36%, 07/20/2027 (a)(q)	Upstart		07/25/2022		8,943		8,943		8,861
L3295330.SRDUP, 17.04%, 07/20/2027 (a)(q)	Upstart		07/25/2022		22,463		22,463		22,255
L3295527.SRDUP, 11.77%, 07/21/2027 (a)(q)	Upstart		07/26/2022		14,157		14,157		14,072
L3295622.SRDUP, 18.14%, 07/20/2025 (a)(q)	Upstart		07/25/2022		798		798		792
L3295635.SRDUP, 22.54%, 07/20/2027 (a)(q)	Upstart		07/25/2022		20,965		20,965		20,608
L3295719.SRDUP, 21.8%, 07/20/2027 (a)(q)	Upstart		07/25/2022		1,456		1,456		1,436
L3295740.SRDUP, 16.93%, 07/20/2025 (a)(q)	Upstart		07/25/2022		5,821		5,821		5,777
L3295754.SRDUP, 18.51%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		20,417		20,417		20,223
L3295812.SRDUP, 23.63%, 07/20/2027 (a)(q)	Upstart		07/25/2022		2,285		2,285		2,246
L3295833.SRDUP, 16.66%, 07/20/2027 (a)(q)	Upstart		07/25/2022		7,180		7,180		7,114
L3295847.SRDUP, 24.29%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		20,074		20,074		2,844
L3295869.SRDUP, 22.91%, 07/20/2027 (a)(q)	Upstart		07/25/2022		912		912		897
L3295929.SRDUP, 10.65%, 07/20/2027 (a)(q)	Upstart		07/25/2022		5,291		5,291		5,272
L3295938.SRDUP, 21.8%, 07/20/2027 (a)(q)	Upstart		07/25/2022		11,828		11,828		11,664
L3295998.SRDUP, 11.03%, 07/21/2025 (a)(q)	Upstart		07/25/2022		3,902		3,913		3,875
L3296001.SRDUP, 21.8%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		24,211		24,211		3,431
L3296005.SRDUP, 18.09%, 07/20/2025 (a)(l)(q)	Upstart		07/25/2022		1,890		1,890		1,780
L3296010.SRDUP, 10.92%, 07/20/2027 (a)(q)	Upstart		07/25/2022		8,825		8,825		8,794
L3296020.SRDUP, 21.94%, 07/20/2027 (a)(q)	Upstart		07/25/2022		3,481		3,481		3,432
L3296030.SRDUP, 24.19%, 07/20/2027 (a)(q)	Upstart		07/25/2022		13,464		13,464		13,233
L3296053.SRDUP, 24.32%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		7,565		7,565		7,021
L3296077.SRDUP, 19.61%, 07/20/2025 (a)(q)	Upstart		07/25/2022		4,812		4,812		4,759
L3296098.SRDUP, 24.25%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,651		1,651		1,624
L3296115.SRDUP, 24.22%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		4,031		4,031		571
L3296144.SRDUP, 24.09%, 07/20/2027 (a)(q)	Upstart		07/25/2022		1,830		1,830		1,809
L3296164.SRDUP, 23.6%, 07/20/2027 (a)(q)	Upstart		07/25/2022		6,083		6,083		5,979
L3296182.SRDUP, 16.23%, 07/21/2027 (a)(q)	Upstart		07/26/2022		4,482		4,482		4,442
L3296234.SRDUP, 24.12%, 07/20/2027 (a)(q)	Upstart		07/25/2022		3,661		3,661		3,610
L3296260.SRDUP, 24.28%, 07/20/2027 (a)(q)	Upstart		07/25/2022		1,922		1,922		1,889

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

105

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3296277.SRDUP, 11.15%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022	$	880	$	880	$	877
L3296311.SRDUP, 9.72%, 07/20/2025 (a)(q)	Upstart		07/25/2022		4,573		4,573		4,542
L3296324.SRDUP, 24.3%, 07/20/2027 (a)(q)	Upstart		07/25/2022		4,028		4,028		3,959
L3296347.SRDUP, 24.05%, 07/20/2027 (a)(q)	Upstart		07/25/2022		1,308		1,308		1,283
L3296349.SRDUP, 13.33%, 07/20/2027 (a)(q)	Upstart		07/25/2022		14,668		14,668		14,577
L3296360.SRDUP, 15.82%, 07/20/2025 (a)(l)(q)	Upstart		07/25/2022		6,518		6,518		6,150
L3296432.SRDUP, 17.9%, 07/20/2027 (a)(l)(q)	Upstart		07/25/2022		5,526		5,526		1,405
L3296542.SRDUP, 16.31%, 07/20/2027 (a)(q)	Upstart		07/25/2022		15,602		15,602		15,504
L3296721.SRDUP, 17.81%, 12/21/2025 (a)(q)	Upstart		07/26/2022		13,355		13,355		12,547
L3296889.SRDUP, 9.69%, 08/02/2027 (a)(q)	Upstart		08/05/2022		8,928		8,692		8,889
L3296952.SRDUP, 20.36%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		11,200		11,239		1,587
L3297187.SRDUP, 24.2%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,190		1,190		1,174
L3297380.SRDUP, 20.18%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,087		1,087		1,073
L3297695.SRDUP, 23.68%, 07/21/2027 (a)(q)	Upstart		07/26/2022		2,102		2,102		2,067
L3297731.SRDUP, 18.32%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,082		1,082		1,072
L3297779.SRDUP, 24.2%, 07/26/2027 (a)(q)	Upstart		07/29/2022		1,401		1,401		1,377
L3297783.SRDUP, 19.35%, 07/21/2027 (a)(q)	Upstart		07/26/2022		7,233		7,233		7,166
L3297815.SRDUP, 14.37%, 07/21/2025 (a)(q)	Upstart		07/26/2022		1,578		1,578		1,566
L3298066.SRDUP, 20.29%, 07/21/2027 (a)(q)	Upstart		07/26/2022		18,129		18,129		17,961
L3298107.SRDUP, 14.9%, 07/21/2027 (a)(q)	Upstart		07/26/2022		7,754		7,754		7,685
L3298192.SRDUP, 11.35%, 07/22/2025 (a)(q)	Upstart		07/27/2022		781		781		776
L3298210.SRDUP, 17.38%, 07/21/2027 (a)(q)	Upstart		07/26/2022		14,846		14,889		14,711
L3298216.SRDUP, 16.63%, 07/21/2025 (a)(l)(q)	Upstart		07/26/2022		3,211		3,211		3,028
L3298278.SRDUP, 20.6%, 07/21/2027 (a)(q)	Upstart		07/26/2022		2,086		2,086		2,058
L3298279.SRDUP, 24.37%, 07/21/2027 (a)(q)	Upstart		07/26/2022		5,677		5,695		5,614
L3298280.SRDUP, 16.01%, 07/21/2027 (a)(q)	Upstart		07/26/2022		16,521		16,572		16,373
L3298301.SRDUP, 21.46%, 07/21/2027 (a)(q)	Upstart		07/26/2022		5,091		5,091		5,006
L3298306.SRDUP, 14.33%, 07/21/2025 (a)(q)	Upstart		07/26/2022		3,155		3,155		3,131
L3298312.SRDUP, 10.25%, 07/21/2027 (a)(q)	Upstart		07/26/2022		31,703		31,703		31,595
L3298313.SRDUP, 22.74%, 07/21/2027 (a)(q)	Upstart		07/26/2022		5,654		5,654		5,577
L3298321.SRDUP, 17.55%, 07/21/2025 (a)(q)	Upstart		07/26/2022		1,594		1,594		1,577
L3298339.SRDUP, 16.93%, 07/21/2025 (a)(q)	Upstart		07/26/2022		1,591		1,591		1,579
L3298342.SRDUP, 21.97%, 07/21/2027 (a)(q)	Upstart		07/26/2022		28,136		28,136		26,113
L3298343.SRDUP, 23.21%, 07/21/2027 (a)(q)	Upstart		07/26/2022		10,957		10,957		10,807
L3298354.SRDUP, 14.05%, 07/21/2027 (a)(q)	Upstart		07/26/2022		7,083		7,083		7,020
L3298356.SRDUP, 24.38%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		1,180		1,180		167
L3298363.SRDUP, 18.13%, 07/21/2027 (a)(q)	Upstart		07/26/2022		2,639		2,639		2,615
L3298384.SRDUP, 20.12%, 07/21/2027 (a)(q)	Upstart		07/26/2022		40,754		40,754		40,382
L3298391.SRDUP, 18.82%, 07/21/2027 (a)(q)	Upstart		07/26/2022		6,320		6,320		6,236
L3298404.SRDUP, 23.97%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,281		1,281		1,263
L3298433.SRDUP, 18.5%, 07/21/2027 (a)(q)	Upstart		07/26/2022		2,706		2,706		2,681
L3298434.SRDUP, 23.13%, 07/21/2027 (a)(q)	Upstart		07/26/2022		13,645		13,645		13,420
L3298443.SRDUP, 14.46%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		7,243		7,243		6,729
L3298445.SRDUP, 23.97%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,281		1,281		1,259
L3298448.SRDUP, 15.61%, 07/21/2027 (a)(q)	Upstart		07/26/2022		44,746		44,746		44,343
L3298457.SRDUP, 17.9%, 07/21/2027 (a)(q)	Upstart		07/26/2022		4,947		4,947		4,903
L3298461.SRDUP, 19.96%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		8,993		8,993		8,910
L3298489.SRDUP, 20.03%, 07/21/2027 (a)(q)	Upstart		07/26/2022		23,774		23,774		23,535
L3298494.SRDUP, 19.83%, 07/21/2025 (a)(q)	Upstart		07/26/2022		1,865		1,865		1,838
L3298508.SRDUP, 17.3%, 07/21/2027 (a)(q)	Upstart		07/26/2022		10,790		10,790		10,692
L3298533.SRDUP, 14.03%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		6,046		6,046		5,624
L3298581.SRDUP, 18.25%, 07/21/2027 (a)(l)(q)	Upstart		07/26/2022		13,693		13,693		12,725
L3298584.SRDUP, 16.45%, 07/21/2027 (a)(q)	Upstart		07/26/2022		6,279		6,279		6,222
L3298607.SRDUP, 20.95%, 07/21/2027 (a)(q)	Upstart		07/26/2022		16,886		16,886		16,660
L3298608.SRDUP, 13.55%, 07/21/2027 (a)(q)	Upstart		07/26/2022		1,779		1,779		1,768

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

106

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3298613.SRDUP, 19.79%, 07/21/2027 (a)(q)	Upstart		07/26/2022	$	13,586	$	13,586	$	13,460
L3298614.SRDUP, 12.12%, 07/21/2027 (a)(q)	Upstart		07/26/2022		13,286		13,286		13,206
L3298621.SRDUP, 12.01%, 07/21/2027 (a)(q)	Upstart		07/26/2022		11,688		11,688		11,618
L3298658.SRDUP, 17.4%, 07/21/2027 (a)(q)	Upstart		07/26/2022		8,544		8,544		8,467
L3298669.SRDUP, 24.15%, 07/21/2027 (a)(q)	Upstart		07/26/2022		9,243		9,243		9,141
L3298670.SRDUP, 13.82%, 07/21/2025 (a)(q)	Upstart		07/26/2022		4,199		4,199		4,169
L3298677.SRDUP, 15.73%, 07/21/2027 (a)(q)	Upstart		07/26/2022		7,162		7,162		7,097
L3298680.SRDUP, 14%, 07/21/2027 (a)(q)	Upstart		07/26/2022		3,028		3,028		3,001
L3298698.SRDUP, 14.63%, 07/21/2027 (a)(q)	Upstart		07/26/2022		17,848		17,848		17,688
L3298700.SRDUP, 15.26%, 07/21/2027 (a)(q)	Upstart		07/26/2022		22,350		22,350		22,149
L3299382.SRDUP, 23.03%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		9,141		9,141		9,053
L3299583.SRDUP, 24.04%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,830		1,830		1,802
L3299969.SRDUP, 20.95%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		6,430		6,430		6,345
L3300640.SRDUP, 21.15%, 07/22/2025 (a)(q)	Upstart		07/27/2022		6,723		6,723		6,667
L3300781.SRDUP, 18.92%, 07/22/2025 (a)(q)	Upstart		07/27/2022		3,203		3,203		3,170
L3301225.SRDUP, 12.79%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,801		1,753		1,787
L3301230.SRDUP, 24.28%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		896		896		883
L3301445.SRDUP, 26.76%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,953		1,899		1,906
L3301492.SRDUP, 17.07%, 07/22/2027 (a)(q)	Upstart		07/27/2022		3,594		3,594		3,562
L3301845.SRDUP, 24.08%, 12/22/2027 (a)(l)(q)	Upstart		07/27/2022		6,690		6,690		1,740
L3301932.SRDUP, 16.54%, 07/22/2027 (a)(q)	Upstart		07/27/2022		22,929		22,929		22,729
L3301939.SRDUP, 23.78%, 07/22/2027 (a)(q)	Upstart		07/27/2022		2,652		2,652		2,608
L3301951.SRDUP, 16.9%, 05/22/2028 (a)(l)(q)	Upstart		07/27/2022		2,978		2,978		2,957
L3301991.SRDUP, 22.02%, 07/22/2027 (a)(q)	Upstart		07/27/2022		2,731		2,731		2,695
L3301996.SRDUP, 24.3%, 07/22/2027 (a)(q)	Upstart		07/27/2022		481		481		474
L3302031.SRDUP, 23.66%, 12/22/2027 (a)(l)(q)	Upstart		07/27/2022		13,991		13,991		13,765
L3302139.SRDUP, 23.26%, 07/22/2027 (a)(q)	Upstart		07/27/2022		27,394		27,394		27,027
L3302201.SRDUP, 24.2%, 07/22/2027 (a)(q)	Upstart		07/27/2022		3,478		3,478		3,421
L3302210.SRDUP, 24.3%, 07/22/2027 (a)(q)	Upstart		07/27/2022		3,665		3,665		3,604
L3302285.SRDUP, 9.54%, 07/22/2025 (a)(q)	Upstart		07/27/2022		2,872		2,872		2,853
L3302358.SRDUP, 19.61%, 07/22/2025 (a)(q)	Upstart		07/27/2022		3,208		3,208		3,175
L3302377.SRDUP, 19.49%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		17,043		17,043		3,239
L3302433.SRDUP, 24.09%, 07/22/2027 (a)(q)	Upstart		07/27/2022		1,830		1,830		1,805
L3302554.SRDUP, 20.36%, 07/22/2025 (a)(q)	Upstart		07/27/2022		804		806		796
L3302579.SRDUP, 24.22%, 07/22/2027 (a)(q)	Upstart		07/27/2022		17,390		17,390		17,104
L3302589.SRDUP, 12.26%, 07/22/2027 (a)(q)	Upstart		07/27/2022		78		78		78
L3302824.SRDUP, 13.35%, 07/22/2027 (a)(q)	Upstart		07/27/2022		12,457		12,495		12,349
L3302862.SRDUP, 13.36%, 07/22/2027 (a)(q)	Upstart		07/27/2022		927		927		920
L3302921.SRDUP, 18.39%, 07/22/2027 (a)(q)	Upstart		07/27/2022		5,468		5,468		5,413
L3302938.SRDUP, 24.37%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		9,100		9,100		1,289
L3303010.SRDUP, 23.22%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		2,804		2,804		733
L3303115.SRDUP, 24.13%, 07/22/2027 (a)(q)	Upstart		07/27/2022		2,657		2,657		2,614
L3303191.SRDUP, 16.68%, 07/22/2027 (a)(q)	Upstart		07/27/2022		14,361		14,361		14,233
L3303226.SRDUP, 21.72%, 07/22/2025 (a)(q)	Upstart		07/27/2022		11,340		11,368		11,223
L3303301.SRDUP, 23.73%, 07/22/2027 (a)(q)	Upstart		07/27/2022		1,188		1,188		1,169
L3303372.SRDUP, 24.33%, 07/22/2027 (a)(l)(q)	Upstart		07/27/2022		2,580		2,580		219
L3303535.SRDUP, 12.58%, 07/26/2027 (a)(q)	Upstart		07/29/2022		11,087		11,122		11,025
L3304210.SRDUP, 20.61%, 07/25/2027 (a)(q)	Upstart		07/28/2022		4,536		4,536		4,480
L3304312.SRDUP, 15.67%, 07/25/2027 (a)(q)	Upstart		07/28/2022		5,728		5,728		5,680
L3304403.SRDUP, 24.1%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		4,307		4,307		1,204
L3304415.SRDUP, 15.97%, 07/25/2025 (a)(l)(q)	Upstart		07/28/2022		5,373		5,373		666
L3304475.SRDUP, 15.48%, 07/25/2027 (a)(q)	Upstart		07/28/2022		29,968		29,968		29,719
L3304489.SRDUP, 24.35%, 07/25/2027 (a)(q)	Upstart		07/28/2022		5,425		5,425		5,340
L3304500.SRDUP, 23.76%, 07/25/2027 (a)(q)	Upstart		07/28/2022		2,377		2,377		2,341
L3304544.SRDUP, 24.4%, 07/25/2027 (a)(q)	Upstart		07/28/2022		7,142		7,142		7,079

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

107

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3304576.SRDUP, 22.93%, 07/25/2027 (a)(q)	Upstart		07/28/2022	$	4,958	$	4,958	$	4,882
L3304592.SRDUP, 21.37%, 07/25/2027 (a)(q)	Upstart		07/28/2022		7,998		7,998		7,899
L3304611.SRDUP, 24.36%, 07/25/2027 (a)(q)	Upstart		07/28/2022		8,515		8,515		8,440
L3304650.SRDUP, 18.55%, 07/25/2027 (a)(q)	Upstart		07/28/2022		3,428		3,428		3,399
L3304654.SRDUP, 20.58%, 07/25/2027 (a)(q)	Upstart		07/28/2022		6,552		6,552		6,493
L3304669.SRDUP, 18.76%, 07/25/2027 (a)(q)	Upstart		07/28/2022		4,513		4,513		4,475
L3304673.SRDUP, 24.34%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,112		1,112		1,094
L3304686.SRDUP, 14.98%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		4,295		4,295		609
L3304693.SRDUP, 13.67%, 07/25/2027 (a)(q)	Upstart		07/28/2022		26,697		26,697		26,544
L3304867.SRDUP, 21.38%, 07/25/2027 (a)(q)	Upstart		07/28/2022		5,453		5,453		5,371
L3304894.SRDUP, 19.91%, 07/25/2027 (a)(q)	Upstart		07/28/2022		9,960		9,960		9,875
L3304898.SRDUP, 19.25%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,438		1,438		1,424
L3304935.SRDUP, 12.34%, 07/25/2027 (a)(q)	Upstart		07/28/2022		4,964		4,964		4,936
L3304999.SRDUP, 24.11%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		4,116		4,116		4,055
L3305013.SRDUP, 9.95%, 07/25/2027 (a)(q)	Upstart		07/28/2022		2,207		2,207		2,199
L3305014.SRDUP, 22.37%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		29,287		29,287		28,918
L3305021.SRDUP, 11.57%, 07/25/2027 (a)(q)	Upstart		07/28/2022		8,577		8,577		8,549
L3305031.SRDUP, 24.4%, 07/25/2027 (a)(q)	Upstart		07/28/2022		3,571		3,571		3,516
L3305053.SRDUP, 24.22%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		1,071		1,071		152
L3305091.SRDUP, 24.38%, 07/25/2027 (a)(q)	Upstart		07/28/2022		2,289		2,289		2,254
L3305130.SRDUP, 21.96%, 07/25/2027 (a)(q)	Upstart		07/28/2022		24,576		24,576		24,270
L3305149.SRDUP, 12.1%, 07/25/2027 (a)(q)	Upstart		07/28/2022		7,507		7,530		7,464
L3305233.SRDUP, 14.86%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		15,103		15,103		15,015
L3305259.SRDUP, 24.21%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,806		1,812		1,778
L3305316.SRDUP, 24.05%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,006		1,006		991
L3305321.SRDUP, 21.67%, 07/25/2027 (a)(q)	Upstart		07/28/2022		8,038		8,038		7,939
L3305326.SRDUP, 23.69%, 07/25/2027 (a)(q)	Upstart		07/28/2022		15,266		15,266		15,031
L3305415.SRDUP, 24.32%, 07/25/2027 (a)(q)	Upstart		07/28/2022		3,091		3,091		3,044
L3305423.SRDUP, 14.87%, 07/25/2027 (a)(q)	Upstart		07/28/2022		3,572		3,572		3,542
L3305429.SRDUP, 21.22%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,746		1,746		1,730
L3305475.SRDUP, 19.72%, 07/25/2025 (a)(q)	Upstart		07/28/2022		8,025		8,048		7,951
L3305486.SRDUP, 9.45%, 07/25/2025 (a)(q)	Upstart		07/28/2022		3,492		3,492		3,469
L3305566.SRDUP, 23.18%, 12/25/2027 (a)(l)(q)	Upstart		07/28/2022		22,176		22,176		21,916
L3305582.SRDUP, 11.14%, 07/25/2027 (a)(q)	Upstart		07/28/2022		3,091		3,091		3,073
L3305584.SRDUP, 15.57%, 07/25/2027 (a)(l)(q)	Upstart		07/28/2022		43,635		43,635		43,265
L3305587.SRDUP, 24.27%, 07/25/2027 (a)(q)	Upstart		07/28/2022		2,934		2,934		2,883
L3305643.SRDUP, 16.41%, 07/25/2027 (a)(q)	Upstart		07/28/2022		28,123		28,123		27,888
L3305645.SRDUP, 11.17%, 07/25/2027 (a)(q)	Upstart		07/28/2022		7,065		7,065		7,026
L3305657.SRDUP, 24.05%, 07/25/2027 (a)(q)	Upstart		07/28/2022		11,090		11,090		10,906
L3305697.SRDUP, 21.53%, 07/25/2027 (a)(q)	Upstart		07/28/2022		3,182		3,182		3,143
L3305703.SRDUP, 20.6%, 07/25/2027 (a)(q)	Upstart		07/28/2022		33,591		33,591		33,152
L3305828.SRDUP, 15.54%, 07/25/2027 (a)(q)	Upstart		07/28/2022		12,414		12,452		12,310
L3309405.SRDUP, 20.41%, 07/26/2027 (a)(q)	Upstart		07/29/2022		9,066		9,066		8,957
L3309449.SRDUP, 14.45%, 07/26/2027 (a)(q)	Upstart		07/29/2022		3,032		3,032		3,008
L3309493.SRDUP, 15.78%, 08/01/2027 (a)(q)	Upstart		08/04/2022		10,889		10,596		10,754
L3309530.SRDUP, 23.84%, 07/26/2027 (a)(q)	Upstart		07/29/2022		4,568		4,568		4,501
L3309568.SRDUP, 22.91%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		23,549		23,549		6,188
L3309580.SRDUP, 24.06%, 07/26/2027 (a)(q)	Upstart		07/29/2022		2,104		2,104		2,073
L3309583.SRDUP, 17.55%, 07/26/2025 (a)(l)(q)	Upstart		07/29/2022		4,119		4,119		4,078
L3309588.SRDUP, 15.02%, 07/26/2027 (a)(q)	Upstart		07/29/2022		13,758		13,758		13,647
L3309635.SRDUP, 23.1%, 07/26/2027 (a)(q)	Upstart		07/29/2022		913		913		902
L3309640.SRDUP, 17.81%, 07/26/2025 (a)(q)	Upstart		07/29/2022		2,649		2,649		2,633
L3309665.SRDUP, 12.61%, 07/26/2027 (a)(q)	Upstart		07/29/2022		8,518		8,518		8,469
L3309688.SRDUP, 15.37%, 07/26/2027 (a)(q)	Upstart		07/29/2022		5,366		5,366		5,322
L3309704.SRDUP, 14.48%, 07/26/2027 (a)(q)	Upstart		07/29/2022		6,690		6,690		6,636

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

108

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3309713.SRDUP, 15.54%, 07/26/2027 (a)(q)	Upstart		07/29/2022	$	5,903	$	5,903	$	5,855
L3309767.SRDUP, 13.33%, 07/26/2027 (a)(q)	Upstart		07/29/2022		10,615		10,615		10,531
L3309835.SRDUP, 24.37%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		1,790		1,790		1,764
L3309855.SRDUP, 17.99%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		1,774		1,774		1,759
L3309862.SRDUP, 10.63%, 07/26/2027 (a)(q)	Upstart		07/29/2022		13,787		13,787		13,742
L3309888.SRDUP, 15.74%, 07/26/2027 (a)(q)	Upstart		07/29/2022		5,371		5,371		5,327
L3309972.SRDUP, 24.34%, 12/26/2027 (a)(l)(q)	Upstart		07/29/2022		4,031		4,031		571
L3309973.SRDUP, 15.31%, 07/26/2027 (a)(q)	Upstart		07/29/2022		8,455		8,455		8,387
L3309983.SRDUP, 18.26%, 07/26/2025 (a)(l)(q)	Upstart		07/29/2022		5,927		5,927		1,757
L3310016.SRDUP, 17.41%, 07/26/2027 (a)(q)	Upstart		07/29/2022		6,566		6,566		6,511
L3310021.SRDUP, 15.62%, 07/26/2025 (a)(q)	Upstart		07/29/2022		2,693		2,700		2,676
L3310076.SRDUP, 14.52%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		7,312		7,312		7,254
L3310080.SRDUP, 20.73%, 07/26/2025 (a)(l)(q)	Upstart		07/29/2022		4,348		4,348		4,313
L3310205.SRDUP, 16.26%, 07/26/2025 (a)(q)	Upstart		07/29/2022		1,975		1,981		1,965
L3310251.SRDUP, 19.26%, 07/26/2027 (a)(q)	Upstart		07/29/2022		2,712		2,712		2,689
L3310279.SRDUP, 20.57%, 07/26/2027 (a)(q)	Upstart		07/29/2022		9,525		9,525		9,410
L3310462.SRDUP, 16.12%, 07/26/2025 (a)(q)	Upstart		07/29/2022		3,808		3,808		3,784
L3310473.SRDUP, 15.61%, 07/26/2027 (a)(q)	Upstart		07/29/2022		6,712		6,712		6,673
L3310480.SRDUP, 24.32%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		999		999		990
L3310487.SRDUP, 21.76%, 12/26/2027 (a)(l)(q)	Upstart		07/29/2022		1,956		1,956		1,933
L3310493.SRDUP, 21.57%, 07/26/2025 (a)(q)	Upstart		07/29/2022		12,103		12,103		11,993
L3310527.SRDUP, 21.41%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		2,115		2,115		2,089
L3310533.SRDUP, 17.64%, 07/26/2025 (a)(q)	Upstart		07/29/2022		8,885		8,885		8,826
L3310627.SRDUP, 24.37%, 07/27/2027 (a)(q)	Upstart		08/01/2022		10,346		10,346		10,283
L3310657.SRDUP, 24.27%, 07/26/2027 (a)(q)	Upstart		07/29/2022		3,021		3,021		2,975
L3310684.SRDUP, 10.85%, 07/26/2025 (a)(q)	Upstart		07/29/2022		3,867		3,867		3,843
L3310701.SRDUP, 21.37%, 07/26/2027 (a)(q)	Upstart		07/29/2022		20,260		20,260		19,969
L3310739.SRDUP, 24.24%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		1,948		1,948		394
L3310741.SRDUP, 24.19%, 12/26/2027 (a)(l)(q)	Upstart		07/29/2022		5,308		5,308		5,241
L3310766.SRDUP, 20.52%, 07/26/2027 (a)(q)	Upstart		07/29/2022		30,681		30,681		30,316
L3310792.SRDUP, 24.34%, 07/27/2027 (a)(q)	Upstart		08/01/2022		4,669		4,669		4,615
L3310855.SRDUP, 17.71%, 07/26/2025 (a)(q)	Upstart		07/29/2022		2,791		2,791		2,766
L3310866.SRDUP, 24.21%, 07/27/2027 (a)(q)	Upstart		08/01/2022		4,485		4,485		4,421
L3310870.SRDUP, 13.32%, 07/26/2027 (a)(q)	Upstart		07/29/2022		1,778		1,778		1,768
L3310874.SRDUP, 12.04%, 07/26/2025 (a)(q)	Upstart		07/29/2022		908		908		902
L3310892.SRDUP, 24.35%, 12/26/2027 (a)(l)(q)	Upstart		07/29/2022		15,574		15,574		15,365
L3310898.SRDUP, 14.89%, 07/26/2027 (a)(q)	Upstart		07/29/2022		2,233		2,233		2,215
L3311085.SRDUP, 22.93%, 07/26/2027 (a)(l)(q)	Upstart		07/29/2022		46,056		46,056		45,362
L3311095.SRDUP, 24.39%, 07/27/2027 (a)(q)	Upstart		08/01/2022		4,853		4,853		4,783
L3311406.SRDUP, 23.12%, 07/27/2027 (a)(q)	Upstart		08/01/2022		4,429		4,429		4,364
L3311607.SRDUP, 17.14%, 07/27/2027 (a)(q)	Upstart		08/01/2022		6,282		6,282		6,232
L3311953.SRDUP, 18.54%, 07/27/2025 (a)(l)(q)	Upstart		08/01/2022		2,896		2,896		2,841
L3312038.SRDUP, 9.74%, 07/27/2027 (a)(q)	Upstart		08/01/2022		14,947		14,947		14,899
L3312046.SRDUP, 10.36%, 07/27/2027 (a)(q)	Upstart		08/01/2022		22,023		22,023		21,953
L3312051.SRDUP, 23.44%, 07/27/2027 (a)(q)	Upstart		08/01/2022		30,513		30,513		30,158
L3312094.SRDUP, 16.24%, 08/01/2025 (a)(q)	Upstart		08/01/2022		4,018		4,018		3,988
L3312097.SRDUP, 24.32%, 07/27/2027 (a)(q)	Upstart		08/01/2022		4,028		4,028		3,981
L3312110.SRDUP, 16.75%, 07/27/2027 (a)(q)	Upstart		08/01/2022		44,454		44,454		44,093
L3312122.SRDUP, 13.66%, 07/27/2027 (a)(q)	Upstart		08/01/2022		6,852		6,852		6,799
L3312155.SRDUP, 15.85%, 07/27/2027 (a)(q)	Upstart		08/01/2022		3,134		3,134		3,110
L3312169.SRDUP, 24.28%, 12/27/2027 (a)(q)	Upstart		08/01/2022		962		962		945
L3312186.SRDUP, 17.92%, 07/27/2025 (a)(l)(q)	Upstart		08/01/2022		2,815		2,815		399
L3312187.SRDUP, 24.28%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		9,266		9,266		1,313
L3312194.SRDUP, 19.81%, 12/27/2025 (a)(q)	Upstart		08/01/2022		4,282		4,282		4,199
L3312209.SRDUP, 23.84%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		1,460		1,460		207

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

109

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3312211.SRDUP, 16.91%, 07/27/2027 (a)(q)	Upstart		08/01/2022	$	3,593	$	3,593	$	3,564
L3312241.SRDUP, 19.65%, 07/27/2027 (a)(q)	Upstart		08/01/2022		6,334		6,334		6,262
L3312244.SRDUP, 24.04%, 07/27/2027 (a)(q)	Upstart		08/01/2022		1,006		1,006		992
L3312274.SRDUP, 24.26%, 07/27/2027 (a)(q)	Upstart		08/01/2022		1,274		1,274		1,263
L3312276.SRDUP, 21.64%, 07/27/2025 (a)(q)	Upstart		08/01/2022		1,598		1,598		1,587
L3312292.SRDUP, 19.3%, 07/27/2027 (a)(q)	Upstart		08/01/2022		18,984		18,984		18,832
L3312295.SRDUP, 15.02%, 07/27/2027 (a)(q)	Upstart		08/01/2022		13,366		13,366		13,262
L3312329.SRDUP, 18.2%, 07/27/2027 (a)(q)	Upstart		08/01/2022		8,472		8,472		8,405
L3312343.SRDUP, 19.03%, 07/27/2025 (a)(q)	Upstart		08/01/2022		8,809		8,809		8,754
L3312347.SRDUP, 12.73%, 07/27/2027 (a)(q)	Upstart		08/01/2022		8,430		8,430		8,384
L3312480.SRDUP, 22.22%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		9,968		9,968		9,841
L3312488.SRDUP, 21.64%, 07/27/2027 (a)(q)	Upstart		08/01/2022		13,642		13,642		13,450
L3312490.SRDUP, 16.86%, 07/27/2027 (a)(q)	Upstart		08/01/2022		10,771		10,771		10,686
L3312509.SRDUP, 16.96%, 07/27/2027 (a)(q)	Upstart		08/01/2022		3,144		3,144		3,119
L3312514.SRDUP, 13.17%, 07/27/2027 (a)(q)	Upstart		08/01/2022		2,938		2,938		2,922
L3312518.SRDUP, 20.84%, 07/27/2027 (a)(q)	Upstart		08/01/2022		5,852		5,852		5,780
L3312519.SRDUP, 12.78%, 07/27/2027 (a)(q)	Upstart		08/01/2022		34,525		34,525		34,337
L3312520.SRDUP, 18.72%, 07/27/2027 (a)(q)	Upstart		08/01/2022		3,583		3,583		3,553
L3312553.SRDUP, 16.6%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		11,365		11,401		11,276
L3312557.SRDUP, 21.99%, 07/27/2027 (a)(q)	Upstart		08/01/2022		12,926		12,926		12,820
L3312563.SRDUP, 24.35%, 07/27/2027 (a)(q)	Upstart		08/01/2022		2,198		2,198		2,166
L3312566.SRDUP, 24.23%, 07/27/2027 (a)(q)	Upstart		08/01/2022		4,759		4,759		4,704
L3312570.SRDUP, 23.97%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		1,242		1,242		111
L3312571.SRDUP, 22.12%, 07/27/2027 (a)(q)	Upstart		08/01/2022		11,383		11,383		11,251
L3312625.SRDUP, 19.57%, 07/27/2027 (a)(l)(q)	Upstart		08/01/2022		6,592		6,592		623
L3312638.SRDUP, 10.94%, 07/27/2027 (a)(q)	Upstart		08/01/2022		14,740		14,740		14,692
L3312670.SRDUP, 14.56%, 07/27/2027 (a)(q)	Upstart		08/01/2022		6,208		6,208		6,173
L3312672.SRDUP, 16.83%, 07/27/2025 (a)(q)	Upstart		08/01/2022		2,465		2,465		2,452
L3312673.SRDUP, 18.47%, 07/27/2027 (a)(q)	Upstart		08/01/2022		9,020		9,020		8,948
L3312683.SRDUP, 11.33%, 07/27/2027 (a)(q)	Upstart		08/01/2022		8,833		8,833		8,805
L3312698.SRDUP, 24.28%, 07/27/2027 (a)(q)	Upstart		08/01/2022		1,098		1,098		1,083
L3312797.SRDUP, 24.1%, 07/27/2027 (a)(q)	Upstart		08/01/2022		1,830		1,830		1,804
L3312812.SRDUP, 16.76%, 07/27/2025 (a)(q)	Upstart		08/01/2022		954		954		949
L3312824.SRDUP, 21.4%, 07/27/2027 (a)(q)	Upstart		08/01/2022		11,119		11,119		10,986
L3312858.SRDUP, 18.96%, 07/27/2027 (a)(q)	Upstart		08/01/2022		5,419		5,419		5,376
L3316279.SRDUP, 20.58%, 08/09/2027 (a)(q)	Upstart		08/12/2022		30,653		29,814		30,140
L3316866.SRDUP, 11.03%, 08/01/2027 (a)(q)	Upstart		08/04/2022		22,902		22,293		22,706
L3317681.SRDUP, 18.62%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,188		1,152		168
L3318595.SRDUP, 21.13%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		5,421		5,273		5,318
L3319584.SRDUP, 21.54%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		7,174		6,977		7,037
L3319799.SRDUP, 23.94%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		2,126		2,068		2,081
L3319805.SRDUP, 24.34%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		3,624		3,517		3,535
L3319806.SRDUP, 10.9%, 08/01/2025 (a)(q)	Upstart		08/04/2022		1,161		1,134		1,152
L3319810.SRDUP, 18.64%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		9,488		9,231		9,369
L3319824.SRDUP, 21.32%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		4,964		4,828		4,869
L3319826.SRDUP, 15.29%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		13,610		13,244		13,443
L3319837.SRDUP, 24.37%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,299		1,263		1,268
L3319872.SRDUP, 24.06%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,387		1,349		1,354
L3319874.SRDUP, 21.05%, 08/01/2027 (a)(q)	Upstart		08/04/2022		2,576		2,506		2,527
L3319888.SRDUP, 22.24%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		2,303		2,240		2,249
L3319897.SRDUP, 23.88%, 08/01/2027 (a)(q)	Upstart		08/04/2022		2,589		2,518		2,538
L3319921.SRDUP, 24.34%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		7,957		7,738		7,768
L3319928.SRDUP, 17.44%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		10,370		10,090		10,241
L3319940.SRDUP, 16.69%, 08/01/2027 (a)(q)	Upstart		08/04/2022		41,539		40,416		41,013
L3319949.SRDUP, 20.19%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		11,013		10,697		10,873

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

110

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3319952.SRDUP, 24.13%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022	$	1,387	$	1,349	$	1,360
L3319961.SRDUP, 24.39%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		4,127		4,003		585
L3319966.SRDUP, 22.18%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		6,389		6,219		1,181
L3319967.SRDUP, 20.83%, 08/01/2025 (a)(l)(q)	Upstart		08/04/2022		12,170		11,875		11,964
L3319978.SRDUP, 23.89%, 08/01/2027 (a)(q)	Upstart		08/04/2022		1,792		1,748		1,748
L3320008.SRDUP, 21.91%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		6,213		6,043		6,079
L3320038.SRDUP, 23.88%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,601		1,553		733
L3320071.SRDUP, 22.85%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		7,855		7,619		1,113
L3320077.SRDUP, 11.57%, 08/01/2025 (a)(l)(q)	Upstart		08/04/2022		23,391		22,840		23,161
L3320111.SRDUP, 21.21%, 08/01/2025 (a)(l)(q)	Upstart		08/04/2022		828		808		814
L3320114.SRDUP, 16.39%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		16,828		16,326		7,089
L3320116.SRDUP, 22.99%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		4,134		4,020		4,050
L3320122.SRDUP, 9.83%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		44,656		43,613		44,461
L3320127.SRDUP, 18.72%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		13,707		13,335		13,535
L3320129.SRDUP, 24.19%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		2,867		2,798		2,799
L3320133.SRDUP, 20.46%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		12,845		12,495		12,601
L3320138.SRDUP, 13.08%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		1,261		1,228		1,251
L3320143.SRDUP, 21.76%, 08/01/2025 (a)(q)	Upstart		08/04/2022		7,445		7,264		7,312
L3320160.SRDUP, 24.34%, 08/01/2027 (a)(q)	Upstart		08/04/2022		2,868		2,782		2,806
L3320163.SRDUP, 15.96%, 08/01/2025 (a)(l)(q)	Upstart		08/04/2022		5,555		5,422		5,491
L3320166.SRDUP, 24.4%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		18,059		17,517		3,326
L3320167.SRDUP, 19.44%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		3,112		3,037		3,053
L3320169.SRDUP, 17.38%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		9,023		8,758		8,910
L3320181.SRDUP, 24.06%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		5,548		5,396		5,417
L3320189.SRDUP, 23.86%, 08/01/2027 (a)(q)	Upstart		08/04/2022		1,479		1,439		1,444
L3320197.SRDUP, 15.02%, 08/01/2027 (a)(q)	Upstart		08/04/2022		22,266		21,668		21,990
L3320204.SRDUP, 16.56%, 08/01/2025 (a)(q)	Upstart		08/04/2022		7,291		7,117		7,202
L3320212.SRDUP, 18.66%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		5,271		5,113		484
L3320219.SRDUP, 22.72%, 08/01/2027 (a)(q)	Upstart		08/04/2022		8,982		8,735		8,765
L3320234.SRDUP, 22.78%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		37,143		36,125		36,273
L3320246.SRDUP, 23.79%, 01/01/2028 (a)(l)(q)	Upstart		08/04/2022		9,534		9,249		4,316
L3320275.SRDUP, 12.92%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		3,062		2,981		3,038
L3320277.SRDUP, 24.37%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		4,997		4,859		4,900
L3320281.SRDUP, 20.67%, 01/01/2028 (a)(q)	Upstart		08/04/2022		20,836		20,277		20,576
L3320293.SRDUP, 17.34%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		2,732		2,658		2,698
L3320338.SRDUP, 19.69%, 08/01/2025 (a)(l)(q)	Upstart		08/04/2022		991		967		974
L3320342.SRDUP, 21.36%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		2,022		1,967		1,984
L3320357.SRDUP, 11.47%, 08/01/2027 (a)(q)	Upstart		08/04/2022		2,464		2,398		2,444
L3320372.SRDUP, 18.25%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		9,676		9,413		9,554
L3320380.SRDUP, 16.07%, 08/01/2027 (a)(l)(q)	Upstart		08/04/2022		19,985		19,446		19,737
L3321504.SRDUP, 17.52%, 08/02/2027 (a)(q)	Upstart		08/05/2022		12,415		12,078		12,258
L3321962.SRDUP, 24.06%, 08/02/2027 (a)(q)	Upstart		08/05/2022		1,572		1,529		1,535
L3322357.SRDUP, 24.17%, 08/02/2027 (a)(q)	Upstart		08/05/2022		1,017		989		994
L3324226.SRDUP, 22.84%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		1,013		985		990
L3324242.SRDUP, 24.26%, 08/02/2027 (a)(q)	Upstart		08/05/2022		6,484		6,289		6,343
L3324468.SRDUP, 20.96%, 08/03/2027 (a)(q)	Upstart		08/08/2022		16,995		16,531		16,608
L3324484.SRDUP, 17.42%, 08/02/2025 (a)(q)	Upstart		08/05/2022		5,988		5,844		5,891
L3324749.SRDUP, 19.07%, 08/02/2027 (a)(q)	Upstart		08/05/2022		6,367		6,192		6,249
L3324913.SRDUP, 18.73%, 08/02/2027 (a)(q)	Upstart		08/05/2022		18,277		17,780		18,050
L3324932.SRDUP, 23.29%, 06/02/2028 (a)(l)(q)	Upstart		08/05/2022		933		905		921
L3324959.SRDUP, 17.05%, 08/02/2027 (a)(q)	Upstart		08/05/2022		4,196		4,082		4,144
L3324977.SRDUP, 24.1%, 08/02/2027 (a)(q)	Upstart		08/05/2022		3,610		3,511		3,524
L3324988.SRDUP, 15.03%, 08/02/2027 (a)(q)	Upstart		08/05/2022		7,245		7,050		7,157
L3325036.SRDUP, 12.75%, 08/02/2027 (a)(q)	Upstart		08/05/2022		23,144		22,522		22,951
L3325038.SRDUP, 15.67%, 06/02/2026 (a)(q)	Upstart		08/05/2022		5,184		5,033		5,122

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

111

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3325048.SRDUP, 18.54%, 08/02/2025 (a)(q)	Upstart		08/05/2022	$	14,810	$	14,452	$	14,569
L3325053.SRDUP, 24.35%, 08/02/2027 (a)(q)	Upstart		08/05/2022		12,029		11,697		11,747
L3325065.SRDUP, 22.06%, 08/02/2027 (a)(q)	Upstart		08/05/2022		5,890		5,729		5,778
L3325074.SRDUP, 13.51%, 08/02/2025 (a)(q)	Upstart		08/05/2022		811		792		803
L3325085.SRDUP, 18.62%, 08/02/2027 (a)(q)	Upstart		08/05/2022		5,847		5,688		5,774
L3325095.SRDUP, 21.99%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		6,606		6,409		2,934
L3325107.SRDUP, 22.94%, 08/02/2027 (a)(q)	Upstart		08/05/2022		341		332		335
L3325121.SRDUP, 23.95%, 08/02/2027 (a)(q)	Upstart		08/05/2022		1,387		1,349		1,358
L3325164.SRDUP, 15.51%, 08/02/2027 (a)(q)	Upstart		08/05/2022		9,067		8,823		8,957
L3325178.SRDUP, 21.55%, 08/02/2027 (a)(q)	Upstart		08/05/2022		5,979		5,835		5,840
L3325183.SRDUP, 16.91%, 08/02/2027 (a)(q)	Upstart		08/05/2022		22,746		22,132		22,468
L3325184.SRDUP, 24.26%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		7,978		7,758		7,871
L3325185.SRDUP, 17.11%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		19,359		18,778		2,743
L3325187.SRDUP, 16.96%, 08/02/2027 (a)(q)	Upstart		08/05/2022		3,108		3,024		3,069
L3325205.SRDUP, 21.86%, 08/02/2027 (a)(q)	Upstart		08/05/2022		11,050		10,748		10,840
L3325225.SRDUP, 24.36%, 08/02/2027 (a)(q)	Upstart		08/05/2022		19,624		19,083		19,247
L3325228.SRDUP, 24.13%, 08/02/2027 (a)(q)	Upstart		08/05/2022		13,608		13,233		13,285
L3325231.SRDUP, 24.33%, 08/02/2027 (a)(q)	Upstart		08/05/2022		3,979		3,869		3,896
L3325241.SRDUP, 12.78%, 08/02/2027 (a)(q)	Upstart		08/05/2022		18,007		17,526		17,865
L3325257.SRDUP, 21.18%, 08/02/2027 (a)(q)	Upstart		08/05/2022		9,189		8,928		9,016
L3325282.SRDUP, 21.78%, 01/02/2028 (a)(l)(q)	Upstart		08/05/2022		1,142		1,108		1,121
L3325286.SRDUP, 12.54%, 08/02/2027 (a)(q)	Upstart		08/05/2022		5,399		5,255		5,356
L3325289.SRDUP, 13.13%, 08/02/2027 (a)(q)	Upstart		08/05/2022		9,012		8,771		8,941
L3325301.SRDUP, 22.48%, 08/02/2027 (a)(q)	Upstart		08/05/2022		10,783		10,521		10,533
L3325302.SRDUP, 17.49%, 08/02/2027 (a)(q)	Upstart		08/05/2022		5,095		4,958		5,033
L3325305.SRDUP, 21.4%, 08/02/2027 (a)(q)	Upstart		08/05/2022		23,195		22,562		22,906
L3325310.SRDUP, 23.46%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		3,578		3,483		3,494
L3325321.SRDUP, 22.51%, 08/02/2027 (a)(q)	Upstart		08/05/2022		9,217		8,964		9,042
L3325322.SRDUP, 24.35%, 08/02/2027 (a)(q)	Upstart		08/05/2022		8,328		8,098		8,133
L3325325.SRDUP, 23.33%, 08/02/2027 (a)(q)	Upstart		08/05/2022		20,621		20,054		20,227
L3325343.SRDUP, 13.52%, 08/02/2027 (a)(q)	Upstart		08/05/2022		3,217		3,131		3,190
L3325345.SRDUP, 13.12%, 08/02/2027 (a)(q)	Upstart		08/05/2022		1,355		1,318		1,344
L3325348.SRDUP, 16.86%, 08/02/2025 (a)(q)	Upstart		08/05/2022		12,298		12,038		12,168
L3325351.SRDUP, 24.2%, 08/02/2027 (a)(q)	Upstart		08/05/2022		1,665		1,619		1,626
L3325362.SRDUP, 11.01%, 08/02/2027 (a)(q)	Upstart		08/05/2022		1,310		1,275		1,305
L3325374.SRDUP, 13.07%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		1,804		1,756		1,790
L3325394.SRDUP, 15.94%, 08/02/2025 (a)(q)	Upstart		08/05/2022		4,901		4,784		4,846
L3325403.SRDUP, 19.16%, 08/02/2027 (a)(q)	Upstart		08/05/2022		915		890		903
L3325407.SRDUP, 13.43%, 08/02/2027 (a)(q)	Upstart		08/05/2022		4,509		4,389		4,474
L3325413.SRDUP, 24.29%, 08/02/2027 (a)(q)	Upstart		08/05/2022		2,591		2,519		2,530
L3325455.SRDUP, 24.19%, 08/02/2027 (a)(q)	Upstart		08/05/2022		1,942		1,889		1,897
L3325512.SRDUP, 15.61%, 08/02/2025 (a)(q)	Upstart		08/05/2022		816		797		807
L3325513.SRDUP, 23.97%, 08/02/2027 (a)(l)(q)	Upstart		08/05/2022		1,500		1,455		213
L3325559.SRDUP, 20.27%, 08/02/2027 (a)(q)	Upstart		08/05/2022		2,698		2,624		2,647
L3325577.SRDUP, 19.96%, 08/02/2027 (a)(q)	Upstart		08/05/2022		5,501		5,368		5,397
L3325596.SRDUP, 14.9%, 08/02/2027 (a)(q)	Upstart		08/05/2022		7,862		7,650		7,763
L3325602.SRDUP, 24.01%, 08/02/2027 (a)(q)	Upstart		08/05/2022		1,494		1,453		1,457
L3325655.SRDUP, 17.23%, 08/02/2027 (a)(q)	Upstart		08/05/2022		5,375		5,230		5,309
L3325657.SRDUP, 22.31%, 08/02/2027 (a)(q)	Upstart		08/05/2022		16,122		15,680		15,749
L3325658.SRDUP, 17.45%, 08/02/2027 (a)(q)	Upstart		08/05/2022		10,022		9,750		9,898
L3325659.SRDUP, 10.94%, 08/02/2025 (a)(q)	Upstart		08/05/2022		3,220		3,145		3,193
L3325663.SRDUP, 23.6%, 08/02/2027 (a)(q)	Upstart		08/05/2022		9,103		8,854		8,888
L3325678.SRDUP, 19.71%, 08/02/2027 (a)(q)	Upstart		08/05/2022		2,015		1,960		1,990
L3325687.SRDUP, 24.1%, 08/02/2027 (a)(q)	Upstart		08/05/2022		1,008		980		982
L3325691.SRDUP, 9.81%, 08/02/2027 (a)(q)	Upstart		08/05/2022		25,007		24,345		24,899

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

112

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3325740.SRDUP, 21.13%, 08/03/2027 (a)(q)	Upstart		08/08/2022	$	10,109	$	9,833	$	9,921
L3326099.SRDUP, 19.68%, 08/03/2025 (a)(q)	Upstart		08/08/2022		4,650		4,538		4,568
L3327144.SRDUP, 18.48%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,461		1,422		1,443
L3327322.SRDUP, 20.74%, 08/03/2027 (a)(q)	Upstart		08/08/2022		5,141		5,001		5,046
L3327339.SRDUP, 24.33%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		7,918		7,680		1,122
L3327523.SRDUP, 21.93%, 08/03/2027 (a)(q)	Upstart		08/08/2022		5,155		5,014		5,059
L3327539.SRDUP, 20.36%, 08/03/2027 (a)(q)	Upstart		08/08/2022		11,007		10,707		10,805
L3327783.SRDUP, 24.37%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		24,299		23,570		6,463
L3327884.SRDUP, 17.23%, 08/03/2027 (a)(q)	Upstart		08/08/2022		10,016		9,745		9,895
L3327950.SRDUP, 24.39%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,573		1,530		1,537
L3327951.SRDUP, 16.12%, 08/03/2027 (a)(q)	Upstart		08/08/2022		3,104		3,020		3,067
L3327969.SRDUP, 21.69%, 08/03/2027 (a)(q)	Upstart		08/08/2022		2,944		2,863		2,877
L3327996.SRDUP, 18.13%, 08/03/2027 (a)(q)	Upstart		08/08/2022		4,106		3,995		4,056
L3328040.SRDUP, 14.33%, 08/03/2027 (a)(q)	Upstart		08/08/2022		3,797		3,695		3,767
L3328074.SRDUP, 24.38%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		1,307		1,268		1,274
L3328160.SRDUP, 21.82%, 08/03/2027 (a)(q)	Upstart		08/08/2022		7,915		7,698		7,735
L3328190.SRDUP, 23.97%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		3,853		3,738		727
L3328192.SRDUP, 15.93%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,847		1,798		1,831
L3328216.SRDUP, 22.2%, 08/03/2027 (a)(q)	Upstart		08/08/2022		12,239		11,903		12,009
L3328221.SRDUP, 24.24%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,018		990		994
L3328231.SRDUP, 18.05%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		2,500		2,425		354
L3328261.SRDUP, 21.25%, 08/03/2027 (a)(q)	Upstart		08/08/2022		6,434		6,258		6,353
L3328315.SRDUP, 23.97%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		8,638		8,400		8,474
L3328322.SRDUP, 24.01%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		1,402		1,360		645
L3328330.SRDUP, 13.4%, 08/03/2027 (a)(q)	Upstart		08/08/2022		27,055		26,331		26,843
L3328360.SRDUP, 20.13%, 08/03/2027 (a)(q)	Upstart		08/08/2022		4,034		3,924		3,960
L3328382.SRDUP, 24.22%, 08/03/2027 (a)(q)	Upstart		08/08/2022		893		869		882
L3328430.SRDUP, 18.66%, 08/03/2027 (a)(q)	Upstart		08/08/2022		3,655		3,555		3,610
L3328449.SRDUP, 20.61%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		4,890		4,743		1,262
L3328477.SRDUP, 24%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		2,824		2,739		400
L3328484.SRDUP, 18.06%, 08/03/2027 (a)(q)	Upstart		08/08/2022		6,310		6,139		6,195
L3328499.SRDUP, 24.16%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,295		1,259		1,265
L3328509.SRDUP, 17.07%, 01/05/2028 (a)(q)	Upstart		08/10/2022		5,702		5,545		5,642
L3328586.SRDUP, 17.2%, 08/03/2027 (a)(q)	Upstart		08/08/2022		5,343		5,198		5,277
L3328771.SRDUP, 19.34%, 08/03/2027 (a)(q)	Upstart		08/08/2022		5,033		4,896		4,971
L3328781.SRDUP, 12.12%, 08/03/2027 (a)(q)	Upstart		08/08/2022		6,875		6,692		6,821
L3328802.SRDUP, 13.39%, 08/03/2025 (a)(q)	Upstart		08/08/2022		3,649		3,562		3,614
L3328810.SRDUP, 22.4%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,566		1,524		1,531
L3328824.SRDUP, 11.28%, 08/03/2027 (a)(q)	Upstart		08/08/2022		11,478		11,173		11,390
L3328846.SRDUP, 15.15%, 08/03/2027 (a)(q)	Upstart		08/08/2022		7,247		7,075		7,161
L3328874.SRDUP, 24.19%, 08/03/2027 (a)(q)	Upstart		08/08/2022		3,607		3,508		3,524
L3328915.SRDUP, 12.77%, 08/03/2027 (a)(q)	Upstart		08/08/2022		45,017		43,814		44,666
L3329055.SRDUP, 14.86%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		10,282		10,006		10,157
L3329088.SRDUP, 22.94%, 08/03/2027 (a)(q)	Upstart		08/08/2022		14,391		13,996		14,122
L3329091.SRDUP, 24.11%, 08/03/2027 (a)(q)	Upstart		08/08/2022		925		899		904
L3329098.SRDUP, 14.93%, 08/03/2027 (a)(q)	Upstart		08/08/2022		9,054		8,810		8,946
L3329108.SRDUP, 21%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,102		1,072		1,089
L3329112.SRDUP, 24.32%, 08/03/2027 (a)(q)	Upstart		08/08/2022		4,071		3,959		3,977
L3329189.SRDUP, 24.16%, 08/03/2027 (a)(q)	Upstart		08/08/2022		4,255		4,151		4,157
L3329272.SRDUP, 20.18%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,375		1,338		1,358
L3329389.SRDUP, 11.77%, 08/03/2025 (a)(q)	Upstart		08/08/2022		4,842		4,728		4,796
L3329500.SRDUP, 24.04%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,295		1,259		1,265
L3329522.SRDUP, 22.31%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		1,963		1,904		278
L3329539.SRDUP, 17.36%, 08/03/2027 (a)(q)	Upstart		08/08/2022		20,470		19,916		20,217
L3329542.SRDUP, 12.84%, 08/03/2027 (a)(q)	Upstart		08/08/2022		13,219		12,865		13,114

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

113

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3329611.SRDUP, 16.16%, 08/03/2025 (a)(q)	Upstart		08/08/2022	$	5,721	$	5,584	$	5,665
L3329625.SRDUP, 24.05%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		1,874		1,818		866
L3329647.SRDUP, 23.02%, 08/03/2027 (a)(q)	Upstart		08/08/2022		1,384		1,346		1,352
L3329726.SRDUP, 24.3%, 08/03/2027 (a)(l)(q)	Upstart		08/08/2022		2,898		2,812		1,335
L3330225.SRDUP, 23.9%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,109		1,079		1,089
L3330321.SRDUP, 17.99%, 08/04/2027 (a)(q)	Upstart		08/09/2022		11,700		11,350		11,558
L3330502.SRDUP, 10.16%, 08/04/2027 (a)(q)	Upstart		08/09/2022		11,622		11,313		11,572
L3330728.SRDUP, 23.69%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		4,500		4,365		638
L3331070.SRDUP, 20.95%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,336		1,302		1,311
L3331127.SRDUP, 21.27%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,149		1,121		1,127
L3331146.SRDUP, 10.81%, 08/04/2025 (a)(q)	Upstart		08/09/2022		1,609		1,572		1,596
L3331188.SRDUP, 23.41%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		1,805		1,751		1,771
L3331199.SRDUP, 24.37%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,222		2,158		2,171
L3331252.SRDUP, 24.39%, 08/04/2027 (a)(q)	Upstart		08/09/2022		4,257		4,139		4,160
L3331262.SRDUP, 24.06%, 08/04/2027 (a)(q)	Upstart		08/09/2022		984		957		965
L3331276.SRDUP, 23.86%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,387		1,348		1,355
L3331309.SRDUP, 24.36%, 08/04/2027 (a)(q)	Upstart		08/09/2022		4,256		4,139		4,160
L3331315.SRDUP, 24.32%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,943		1,889		1,907
L3331357.SRDUP, 17.44%, 08/04/2025 (a)(q)	Upstart		08/09/2022		7,611		7,449		7,488
L3331419.SRDUP, 22.38%, 08/04/2027 (a)(q)	Upstart		08/09/2022		7,740		7,528		7,566
L3331456.SRDUP, 24.38%, 08/04/2027 (a)(q)	Upstart		08/09/2022		23,411		22,766		22,976
L3331514.SRDUP, 22.63%, 08/04/2027 (a)(q)	Upstart		08/09/2022		3,135		3,048		3,077
L3331573.SRDUP, 23.64%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,201		1,168		1,179
L3331592.SRDUP, 19.09%, 08/04/2025 (a)(l)(q)	Upstart		08/09/2022		3,417		3,314		484
L3331681.SRDUP, 15.47%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		48,885		47,418		6,927
L3331686.SRDUP, 14.06%, 08/04/2027 (a)(q)	Upstart		08/09/2022		9,937		9,670		9,821
L3331693.SRDUP, 22.32%, 08/04/2027 (a)(q)	Upstart		08/09/2022		6,449		6,272		6,304
L3331769.SRDUP, 21.48%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		13,764		13,387		13,593
L3331824.SRDUP, 24.29%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,082		2,025		2,042
L3331918.SRDUP, 19.09%, 08/04/2025 (a)(q)	Upstart		08/09/2022		3,296		3,216		3,245
L3331964.SRDUP, 24.19%, 08/04/2027 (a)(q)	Upstart		08/09/2022		5,272		5,127		5,153
L3331966.SRDUP, 23.2%, 08/08/2027 (a)(q)	Upstart		08/11/2022		2,888		2,809		2,828
L3331975.SRDUP, 15.31%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,266		2,205		2,239
L3331978.SRDUP, 16.78%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		12,847		12,463		12,696
L3331983.SRDUP, 15.15%, 08/04/2025 (a)(q)	Upstart		08/09/2022		4,564		4,455		4,515
L3332009.SRDUP, 22.87%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		1,942		1,884		369
L3332024.SRDUP, 20.29%, 08/04/2027 (a)(q)	Upstart		08/09/2022		917		892		906
L3332058.SRDUP, 15.34%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		4,521		4,399		4,468
L3332165.SRDUP, 20.25%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		2,092		2,030		2,067
L3332224.SRDUP, 23.74%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,201		1,168		1,174
L3332227.SRDUP, 16.11%, 08/04/2027 (a)(q)	Upstart		08/09/2022		35,374		34,420		34,954
L3332231.SRDUP, 12.99%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,072		2,017		2,056
L3332261.SRDUP, 26.71%, 08/04/2027 (a)(q)	Upstart		08/09/2022		5,392		5,243		5,284
L3332271.SRDUP, 21.35%, 08/04/2025 (a)(l)(q)	Upstart		08/09/2022		10,500		10,185		3,056
L3332275.SRDUP, 24.35%, 08/04/2027 (a)(q)	Upstart		08/09/2022		20,490		19,877		20,028
L3332276.SRDUP, 20.27%, 08/04/2027 (a)(q)	Upstart		08/09/2022		11,005		10,704		10,870
L3332282.SRDUP, 24.25%, 08/04/2027 (a)(q)	Upstart		08/09/2022		1,110		1,079		1,096
L3332301.SRDUP, 24.4%, 08/04/2027 (a)(q)	Upstart		08/09/2022		4,518		4,408		4,415
L3332303.SRDUP, 13.43%, 08/04/2027 (a)(q)	Upstart		08/09/2022		6,313		6,144		6,264
L3332311.SRDUP, 24.29%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		1,736		1,684		132
L3332315.SRDUP, 24.17%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,312		2,249		2,260
L3332323.SRDUP, 24.15%, 08/04/2027 (a)(q)	Upstart		08/09/2022		2,405		2,338		2,350
L3332372.SRDUP, 11.3%, 08/04/2027 (a)(q)	Upstart		08/09/2022		8,968		8,757		8,929
L3332389.SRDUP, 17.52%, 08/04/2027 (a)(q)	Upstart		08/09/2022		4,556		4,433		4,519
L3332392.SRDUP, 20.63%, 08/04/2027 (a)(q)	Upstart		08/09/2022		23,864		23,212		23,572

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

114

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3332416.SRDUP, 24.21%, 08/04/2027 (a)(q)	Upstart		08/09/2022	$	1,850	$	1,799	$	1,808
L3332419.SRDUP, 21.12%, 08/04/2027 (a)(q)	Upstart		08/09/2022		4,988		4,852		4,894
L3332438.SRDUP, 16.85%, 08/04/2027 (a)(q)	Upstart		08/09/2022		9,097		8,880		8,989
L3333092.SRDUP, 18.94%, 08/09/2027 (a)(q)	Upstart		08/12/2022		10,157		9,880		10,041
L3333526.SRDUP, 16.48%, 08/05/2027 (a)(q)	Upstart		08/10/2022		2,000		1,946		1,976
L3334163.SRDUP, 23.85%, 08/05/2027 (a)(q)	Upstart		08/10/2022		1,386		1,348		1,356
L3334243.SRDUP, 13.25%, 08/05/2025 (a)(q)	Upstart		08/10/2022		1,083		1,057		1,072
L3334263.SRDUP, 24.4%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		3,303		3,204		188
L3334276.SRDUP, 13.91%, 08/05/2027 (a)(q)	Upstart		08/10/2022		10,836		10,545		10,753
L3334336.SRDUP, 24.24%, 08/05/2027 (a)(q)	Upstart		08/10/2022		7,771		7,556		7,629
L3334338.SRDUP, 23.54%, 08/05/2027 (a)(q)	Upstart		08/10/2022		1,368		1,331		1,343
L3334343.SRDUP, 18.72%, 08/05/2025 (a)(q)	Upstart		08/10/2022		12,348		12,049		12,159
L3334442.SRDUP, 13.58%, 08/05/2025 (a)(q)	Upstart		08/10/2022		8,113		7,920		8,037
L3334497.SRDUP, 17.06%, 08/05/2027 (a)(q)	Upstart		08/10/2022		6,371		6,199		6,296
L3334522.SRDUP, 22.2%, 08/05/2027 (a)(q)	Upstart		08/10/2022		2,246		2,184		2,195
L3334542.SRDUP, 15.07%, 08/05/2025 (a)(q)	Upstart		08/10/2022		11,929		11,644		11,796
L3334606.SRDUP, 14.89%, 08/05/2025 (a)(q)	Upstart		08/10/2022		18,162		17,727		17,972
L3334616.SRDUP, 24.33%, 08/05/2027 (a)(q)	Upstart		08/10/2022		9,377		9,125		9,167
L3334644.SRDUP, 16.25%, 08/05/2027 (a)(q)	Upstart		08/10/2022		13,081		12,728		12,928
L3334694.SRDUP, 12.97%, 08/20/2027 (a)(q)	Upstart		08/10/2022		7,643		7,438		7,584
L3334702.SRDUP, 24.37%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		1,589		1,542		715
L3334780.SRDUP, 13.56%, 08/05/2027 (a)(q)	Upstart		08/10/2022		45,109		43,900		44,763
L3334786.SRDUP, 16.68%, 08/05/2027 (a)(q)	Upstart		08/10/2022		6,820		6,636		6,740
L3334813.SRDUP, 13.93%, 08/05/2027 (a)(q)	Upstart		08/10/2022		26,685		25,888		26,477
L3334820.SRDUP, 24.32%, 08/05/2027 (a)(q)	Upstart		08/10/2022		3,146		3,059		3,075
L3334886.SRDUP, 23.51%, 08/05/2027 (a)(q)	Upstart		08/10/2022		12,933		12,578		12,644
L3334937.SRDUP, 12.64%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		1,348		1,312		1,337
L3334967.SRDUP, 21.24%, 08/05/2027 (a)(q)	Upstart		08/10/2022		14,706		14,303		14,383
L3334975.SRDUP, 23.22%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		1,814		1,760		1,774
L3335016.SRDUP, 24.3%, 08/05/2027 (a)(q)	Upstart		08/10/2022		7,956		7,737		7,779
L3335028.SRDUP, 24.2%, 08/05/2027 (a)(q)	Upstart		08/10/2022		3,330		3,238		3,269
L3335035.SRDUP, 24.36%, 08/05/2027 (a)(q)	Upstart		08/10/2022		2,445		2,377		2,386
L3335041.SRDUP, 24.28%, 08/05/2027 (a)(q)	Upstart		08/10/2022		2,409		2,341		2,355
L3335049.SRDUP, 24.35%, 08/05/2027 (a)(q)	Upstart		08/10/2022		2,221		2,159		2,180
L3335052.SRDUP, 19.86%, 08/05/2025 (a)(q)	Upstart		08/10/2022		1,268		1,238		1,246
L3335057.SRDUP, 24.2%, 08/05/2027 (a)(q)	Upstart		08/10/2022		925		899		907
L3335122.SRDUP, 18.83%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		49,507		48,022		7,015
L3335154.SRDUP, 19.62%, 08/05/2027 (a)(q)	Upstart		08/10/2022		2,106		2,049		2,069
L3335157.SRDUP, 15.14%, 08/05/2027 (a)(q)	Upstart		08/10/2022		17,475		17,004		17,265
L3335167.SRDUP, 24.38%, 08/05/2027 (a)(q)	Upstart		08/10/2022		6,025		5,844		5,875
L3335193.SRDUP, 9.39%, 08/05/2025 (a)(q)	Upstart		08/10/2022		4,407		4,304		4,371
L3335198.SRDUP, 11.2%, 08/05/2025 (a)(q)	Upstart		08/10/2022		1,611		1,573		1,598
L3335206.SRDUP, 11.89%, 08/10/2027 (a)(q)	Upstart		08/15/2022		26,954		26,314		26,764
L3335234.SRDUP, 24.25%, 08/05/2027 (a)(q)	Upstart		08/10/2022		5,644		5,489		5,540
L3335255.SRDUP, 15.93%, 08/05/2027 (a)(q)	Upstart		08/10/2022		2,723		2,649		2,691
L3335274.SRDUP, 19.94%, 08/05/2027 (a)(q)	Upstart		08/10/2022		18,328		17,828		18,108
L3335293.SRDUP, 24.28%, 08/05/2027 (a)(q)	Upstart		08/10/2022		18,503		17,993		18,165
L3335300.SRDUP, 20.77%, 01/05/2026 (a)(q)	Upstart		08/10/2022		4,471		4,353		4,400
L3335309.SRDUP, 21.34%, 08/05/2027 (a)(q)	Upstart		08/10/2022		919		894		903
L3335310.SRDUP, 17.09%, 08/05/2027 (a)(q)	Upstart		08/10/2022		3,641		3,542		3,598
L3335328.SRDUP, 22.19%, 08/05/2027 (a)(q)	Upstart		08/10/2022		13,816		13,437		13,566
L3335330.SRDUP, 12.79%, 08/05/2027 (a)(q)	Upstart		08/10/2022		4,502		4,382		4,468
L3335335.SRDUP, 20.55%, 08/05/2025 (a)(q)	Upstart		08/10/2022		827		807		814
L3335372.SRDUP, 12.85%, 08/05/2027 (a)(q)	Upstart		08/10/2022		15,038		14,636		14,923
L3335398.SRDUP, 24.07%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		946		917		253

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

115

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3335803.SRDUP, 23.23%, 08/08/2027 (a)(q)	Upstart		08/11/2022	$	5,169	$	5,027	$	5,080
L3336221.SRDUP, 22.61%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		49,085		47,612		6,955
L3336555.SRDUP, 13.86%, 08/08/2027 (a)(q)	Upstart		08/11/2022		6,786		6,599		6,736
L3336582.SRDUP, 23.96%, 01/08/2028 (a)(l)(q)	Upstart		08/11/2022		4,319		4,191		4,235
L3336587.SRDUP, 24.41%, 08/08/2027 (a)(q)	Upstart		08/11/2022		1,018		990		996
L3336591.SRDUP, 18.08%, 08/08/2027 (a)(q)	Upstart		08/11/2022		10,160		9,916		10,044
L3336612.SRDUP, 20.66%, 08/08/2025 (a)(q)	Upstart		08/11/2022		2,814		2,745		2,773
L3336614.SRDUP, 24.39%, 08/08/2027 (a)(q)	Upstart		08/11/2022		6,020		5,854		5,892
L3336615.SRDUP, 24.37%, 08/08/2027 (a)(q)	Upstart		08/11/2022		1,573		1,530		1,540
L3336630.SRDUP, 14.29%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		3,604		3,507		3,564
L3336636.SRDUP, 20.21%, 08/08/2027 (a)(q)	Upstart		08/11/2022		13,296		12,975		13,070
L3336656.SRDUP, 23.24%, 08/08/2027 (a)(q)	Upstart		08/11/2022		7,385		7,182		7,257
L3336710.SRDUP, 14.1%, 08/08/2027 (a)(q)	Upstart		08/11/2022		4,066		3,956		4,035
L3336748.SRDUP, 10.37%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		44,428		43,245		44,248
L3336754.SRDUP, 23.89%, 08/08/2027 (a)(q)	Upstart		08/11/2022		959		933		941
L3336846.SRDUP, 13.41%, 08/08/2027 (a)(q)	Upstart		08/11/2022		10,821		10,531		10,703
L3336860.SRDUP, 17.48%, 08/08/2025 (a)(q)	Upstart		08/11/2022		2,461		2,409		2,437
L3336939.SRDUP, 24.36%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		2,246		2,179		1,040
L3336970.SRDUP, 21.34%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		12,774		12,404		12,502
L3337038.SRDUP, 13.11%, 08/08/2027 (a)(q)	Upstart		08/11/2022		1,352		1,315		1,342
L3337065.SRDUP, 19.46%, 08/08/2027 (a)(q)	Upstart		08/11/2022		915		890		905
L3337105.SRDUP, 15.18%, 08/08/2027 (a)(q)	Upstart		08/11/2022		3,624		3,526		3,584
L3337137.SRDUP, 22.45%, 08/08/2027 (a)(q)	Upstart		08/11/2022		3,410		3,327		3,338
L3337154.SRDUP, 15.75%, 08/08/2027 (a)(q)	Upstart		08/11/2022		1,815		1,765		1,794
L3337164.SRDUP, 13.34%, 08/08/2027 (a)(q)	Upstart		08/11/2022		27,952		27,202		27,647
L3337180.SRDUP, 21.63%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		18,121		17,623		17,807
L3337218.SRDUP, 23.75%, 08/08/2027 (a)(q)	Upstart		08/11/2022		5,176		5,033		5,066
L3337257.SRDUP, 22.81%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		40,989		39,863		40,280
L3337263.SRDUP, 24.06%, 08/08/2027 (a)(q)	Upstart		08/11/2022		3,051		2,967		2,987
L3337279.SRDUP, 16.73%, 08/08/2027 (a)(q)	Upstart		08/11/2022		4,547		4,424		4,496
L3337295.SRDUP, 18.29%, 08/08/2027 (a)(q)	Upstart		08/11/2022		25,379		24,688		25,090
L3337320.SRDUP, 24.31%, 08/08/2027 (a)(q)	Upstart		08/11/2022		3,978		3,869		3,909
L3337326.SRDUP, 20.19%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		1,095		1,065		1,082
L3337328.SRDUP, 18.14%, 08/08/2027 (a)(q)	Upstart		08/11/2022		5,475		5,327		5,413
L3337331.SRDUP, 14.34%, 08/08/2025 (a)(q)	Upstart		08/11/2022		32,640		31,784		32,328
L3337357.SRDUP, 24.15%, 08/08/2027 (a)(q)	Upstart		08/11/2022		20,717		20,146		20,277
L3337445.SRDUP, 24.26%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		1,104		1,073		1,080
L3337511.SRDUP, 24.14%, 08/08/2027 (a)(q)	Upstart		08/11/2022		4,994		4,857		4,888
L3337519.SRDUP, 24.31%, 08/08/2027 (a)(q)	Upstart		08/11/2022		3,146		3,059		3,079
L3337599.SRDUP, 18.51%, 08/08/2027 (a)(q)	Upstart		08/11/2022		10,047		9,773		9,932
L3337601.SRDUP, 21.78%, 08/08/2025 (a)(q)	Upstart		08/11/2022		997		972		981
L3337620.SRDUP, 24.38%, 08/08/2027 (a)(q)	Upstart		08/11/2022		17,520		17,037		17,145
L3337668.SRDUP, 18.62%, 08/08/2027 (a)(q)	Upstart		08/11/2022		3,472		3,378		3,433
L3337682.SRDUP, 20.05%, 08/08/2027 (a)(q)	Upstart		08/11/2022		4,583		4,458		4,505
L3337685.SRDUP, 24.1%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		1,430		1,387		658
L3337703.SRDUP, 18.38%, 08/08/2025 (a)(q)	Upstart		08/11/2022		4,934		4,815		4,864
L3337769.SRDUP, 24.32%, 08/08/2027 (a)(q)	Upstart		08/11/2022		15,266		14,845		15,085
L3337784.SRDUP, 24.07%, 08/08/2027 (a)(q)	Upstart		08/11/2022		8,323		8,093		8,178
L3337820.SRDUP, 19.91%, 08/08/2027 (a)(q)	Upstart		08/11/2022		1,558		1,515		1,531
L3337835.SRDUP, 14.2%, 08/08/2027 (a)(q)	Upstart		08/11/2022		6,308		6,138		6,238
L3337906.SRDUP, 16.31%, 08/08/2027 (a)(q)	Upstart		08/11/2022		9,812		9,546		9,702
L3337922.SRDUP, 24.37%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		3,409		3,307		483
L3337929.SRDUP, 24.4%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		16,721		16,220		3,146
L3337936.SRDUP, 10.73%, 08/08/2027 (a)(q)	Upstart		08/11/2022		1,791		1,743		1,783
L3337947.SRDUP, 17.32%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		3,628		3,530		3,587

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

116

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3337979.SRDUP, 24.23%, 08/08/2027 (a)(q)	Upstart		08/11/2022	$	867	$	843	$	851
L3338050.SRDUP, 24.22%, 08/08/2027 (a)(l)(q)	Upstart		08/11/2022		1,309		1,270		592
L3338664.SRDUP, 23.49%, 08/10/2027 (a)(q)	Upstart		08/15/2022		5,726		5,569		5,609
L3338941.SRDUP, 22.53%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		982		952		139
L3340632.SRDUP, 17.8%, 08/09/2027 (a)(q)	Upstart		08/12/2022		23,707		23,063		23,442
L3340846.SRDUP, 14.8%, 08/09/2027 (a)(q)	Upstart		08/12/2022		13,576		13,210		13,428
L3341076.SRDUP, 10.32%, 08/09/2025 (a)(q)	Upstart		08/12/2022		9,643		9,415		9,567
L3341604.SRDUP, 24.37%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		6,568		6,391		6,431
L3341625.SRDUP, 17.08%, 08/09/2027 (a)(q)	Upstart		08/12/2022		12,840		12,492		12,693
L3341652.SRDUP, 23.68%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		1,785		1,731		253
L3341677.SRDUP, 13.13%, 08/09/2025 (a)(q)	Upstart		08/12/2022		11,971		11,671		11,863
L3341682.SRDUP, 18.2%, 08/09/2025 (a)(q)	Upstart		08/12/2022		1,507		1,469		1,490
L3341687.SRDUP, 22.54%, 08/09/2027 (a)(q)	Upstart		08/12/2022		4,609		4,482		4,530
L3341704.SRDUP, 23.84%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,202		1,168		1,182
L3341717.SRDUP, 19.95%, 08/15/2027 (a)(q)	Upstart		08/12/2022		26,577		25,850		26,134
L3341729.SRDUP, 15.33%, 08/09/2025 (a)(q)	Upstart		08/12/2022		8,643		8,436		8,566
L3341749.SRDUP, 17.51%, 08/09/2027 (a)(q)	Upstart		08/12/2022		7,344		7,145		7,263
L3341759.SRDUP, 24.15%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,110		1,083		1,091
L3341805.SRDUP, 23.67%, 08/09/2027 (a)(q)	Upstart		08/12/2022		4,527		4,403		4,433
L3341816.SRDUP, 20.3%, 08/09/2027 (a)(q)	Upstart		08/12/2022		27,514		26,762		27,055
L3341825.SRDUP, 13.75%, 08/09/2027 (a)(q)	Upstart		08/12/2022		3,520		3,437		3,482
L3341837.SRDUP, 16.58%, 08/09/2027 (a)(q)	Upstart		08/12/2022		19,586		19,048		19,367
L3341851.SRDUP, 13.16%, 08/09/2025 (a)(q)	Upstart		08/12/2022		5,673		5,537		5,622
L3341908.SRDUP, 24.27%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,613		1,568		1,584
L3341925.SRDUP, 20.98%, 08/09/2025 (a)(q)	Upstart		08/12/2022		2,485		2,424		2,450
L3341955.SRDUP, 24.4%, 08/09/2027 (a)(q)	Upstart		08/12/2022		2,842		2,762		2,778
L3341962.SRDUP, 18.76%, 08/09/2027 (a)(q)	Upstart		08/12/2022		6,391		6,216		6,319
L3342073.SRDUP, 23.36%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,570		1,526		1,537
L3342110.SRDUP, 18.67%, 08/09/2027 (a)(q)	Upstart		08/12/2022		8,076		7,850		7,974
L3342120.SRDUP, 21.37%, 08/09/2025 (a)(l)(q)	Upstart		08/12/2022		835		812		822
L3342129.SRDUP, 22.43%, 08/09/2027 (a)(q)	Upstart		08/12/2022		9,215		8,962		9,024
L3342154.SRDUP, 21.88%, 08/09/2027 (a)(q)	Upstart		08/12/2022		5,137		4,996		5,043
L3342184.SRDUP, 22.11%, 08/09/2027 (a)(q)	Upstart		08/12/2022		3,746		3,639		3,673
L3342196.SRDUP, 22.7%, 08/09/2027 (a)(q)	Upstart		08/12/2022		5,163		5,021		5,056
L3342241.SRDUP, 24.4%, 08/09/2027 (a)(q)	Upstart		08/12/2022		5,090		4,949		4,983
L3342266.SRDUP, 24.4%, 08/09/2027 (a)(q)	Upstart		08/12/2022		2,684		2,609		2,627
L3342277.SRDUP, 9.84%, 08/09/2025 (a)(q)	Upstart		08/12/2022		1,159		1,132		1,150
L3342287.SRDUP, 22.66%, 08/09/2027 (a)(q)	Upstart		08/12/2022		5,549		5,396		5,454
L3342349.SRDUP, 12.04%, 08/09/2027 (a)(q)	Upstart		08/12/2022		3,954		3,848		3,925
L3342369.SRDUP, 18.65%, 08/09/2027 (a)(q)	Upstart		08/12/2022		10,233		9,954		10,118
L3342371.SRDUP, 13.72%, 08/09/2027 (a)(q)	Upstart		08/12/2022		903		878		896
L3342388.SRDUP, 24.36%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,203		1,170		1,178
L3342402.SRDUP, 10.98%, 08/09/2027 (a)(q)	Upstart		08/12/2022		44,800		43,605		44,617
L3342413.SRDUP, 24.28%, 08/09/2027 (a)(q)	Upstart		08/12/2022		2,585		2,522		2,538
L3342415.SRDUP, 24.4%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		30,276		29,447		29,754
L3342427.SRDUP, 24.29%, 08/09/2027 (a)(q)	Upstart		08/12/2022		6,661		6,477		6,522
L3342459.SRDUP, 24.34%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		5,396		5,235		1,453
L3342477.SRDUP, 23.12%, 08/09/2027 (a)(q)	Upstart		08/12/2022		2,769		2,693		2,722
L3342482.SRDUP, 16.37%, 08/09/2027 (a)(q)	Upstart		08/12/2022		17,719		17,239		17,524
L3342485.SRDUP, 24.31%, 08/09/2027 (a)(q)	Upstart		08/12/2022		2,220		2,159		2,174
L3342499.SRDUP, 24.21%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,699		1,652		1,666
L3342526.SRDUP, 19.91%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,830		1,780		1,809
L3342537.SRDUP, 24.33%, 08/09/2027 (a)(q)	Upstart		08/12/2022		2,313		2,257		2,265
L3342549.SRDUP, 17.64%, 08/09/2027 (a)(q)	Upstart		08/12/2022		1,367		1,330		1,352
L3342573.SRDUP, 24.37%, 08/09/2027 (a)(q)	Upstart		08/12/2022		5,274		5,129		5,164

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

117

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3342624.SRDUP, 14.33%, 08/09/2027 (a)(q)	Upstart		08/12/2022	$	1,805	$	1,757	$	1,786
L3342659.SRDUP, 19.47%, 08/09/2027 (a)(q)	Upstart		08/12/2022		8,192		7,969		8,098
L3342687.SRDUP, 13.12%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		7,184		6,992		7,132
L3342727.SRDUP, 17.14%, 08/09/2025 (a)(q)	Upstart		08/12/2022		1,639		1,600		1,623
L3342908.SRDUP, 11.9%, 08/10/2027 (a)(q)	Upstart		08/15/2022		15,382		14,971		15,263
L3343140.SRDUP, 19.76%, 08/10/2027 (a)(q)	Upstart		08/15/2022		8,521		8,288		8,380
L3343534.SRDUP, 11.81%, 08/10/2027 (a)(q)	Upstart		08/15/2022		2,067		2,012		2,058
L3343669.SRDUP, 24.38%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		20,102		19,500		9,096
L3343971.SRDUP, 12.94%, 08/10/2027 (a)(q)	Upstart		08/15/2022		5,404		5,259		5,366
L3344086.SRDUP, 20.72%, 08/10/2027 (a)(q)	Upstart		08/15/2022		7,346		7,144		7,224
L3344142.SRDUP, 21.22%, 08/10/2025 (a)(q)	Upstart		08/15/2022		1,680		1,638		1,648
L3344189.SRDUP, 24.26%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		4,724		4,588		4,644
L3344204.SRDUP, 23.06%, 01/10/2028 (a)(l)(q)	Upstart		08/15/2022		3,276		3,178		3,230
L3344339.SRDUP, 21.99%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		3,305		3,206		468
L3344355.SRDUP, 24.25%, 08/10/2027 (a)(q)	Upstart		08/15/2022		3,146		3,059		3,081
L3344380.SRDUP, 15.3%, 08/10/2027 (a)(q)	Upstart		08/15/2022		16,312		15,872		16,136
L3344403.SRDUP, 22.37%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,843		1,792		1,805
L3344404.SRDUP, 22.89%, 08/10/2027 (a)(q)	Upstart		08/15/2022		13,836		13,455		13,605
L3344419.SRDUP, 24.28%, 08/10/2027 (a)(q)	Upstart		08/15/2022		7,401		7,197		7,277
L3344431.SRDUP, 21.55%, 08/10/2027 (a)(q)	Upstart		08/15/2022		12,968		12,612		12,753
L3344444.SRDUP, 13.76%, 08/10/2027 (a)(q)	Upstart		08/15/2022		2,708		2,635		2,679
L3344445.SRDUP, 23.72%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		2,116		2,055		2,078
L3344527.SRDUP, 24.34%, 08/10/2027 (a)(q)	Upstart		08/15/2022		3,794		3,689		3,716
L3344555.SRDUP, 17.13%, 08/10/2027 (a)(q)	Upstart		08/15/2022		6,190		6,022		6,123
L3344597.SRDUP, 16.43%, 08/10/2027 (a)(q)	Upstart		08/15/2022		2,726		2,653		2,697
L3344623.SRDUP, 19.2%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		4,744		4,602		879
L3344636.SRDUP, 22.66%, 08/10/2027 (a)(q)	Upstart		08/15/2022		6,823		6,635		6,684
L3344675.SRDUP, 16.66%, 08/10/2027 (a)(q)	Upstart		08/15/2022		2,091		2,035		2,069
L3344676.SRDUP, 24%, 08/10/2027 (a)(q)	Upstart		08/15/2022		29,311		28,502		28,709
L3344681.SRDUP, 15.35%, 08/10/2027 (a)(q)	Upstart		08/15/2022		14,954		14,598		14,793
L3344740.SRDUP, 16.8%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,364		1,327		1,350
L3344765.SRDUP, 18.07%, 08/10/2025 (a)(q)	Upstart		08/15/2022		1,890		1,844		1,872
L3344812.SRDUP, 10.51%, 08/10/2027 (a)(q)	Upstart		08/15/2022		17,896		17,420		17,825
L3344834.SRDUP, 21.36%, 08/10/2025 (a)(l)(q)	Upstart		08/15/2022		851		826		475
L3344903.SRDUP, 12.02%, 08/15/2027 (a)(q)	Upstart		08/15/2022		20,666		20,113		20,520
L3344956.SRDUP, 24.2%, 08/10/2027 (a)(q)	Upstart		08/15/2022		3,064		2,973		3,013
L3344977.SRDUP, 21.53%, 08/10/2027 (a)(q)	Upstart		08/15/2022		2,215		2,150		2,178
L3344994.SRDUP, 13.24%, 08/10/2027 (a)(q)	Upstart		08/15/2022		7,244		7,049		7,193
L3345011.SRDUP, 24.01%, 08/10/2027 (a)(q)	Upstart		08/15/2022		17,463		17,012		17,171
L3345024.SRDUP, 24.24%, 08/10/2027 (a)(q)	Upstart		08/15/2022		1,943		1,889		1,903
L3345046.SRDUP, 19.99%, 08/10/2027 (a)(q)	Upstart		08/15/2022		9,165		8,914		9,015
L3345066.SRDUP, 19.55%, 08/10/2027 (a)(l)(q)	Upstart		08/15/2022		3,257		3,159		1,452
L3345081.SRDUP, 24.33%, 08/10/2027 (a)(q)	Upstart		08/15/2022		8,142		7,918		8,005
L3345209.SRDUP, 23.94%, 08/10/2027 (a)(q)	Upstart		08/15/2022		4,160		4,045		4,112
L3386778.SRDUP, 17.37%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		12,911		12,557		12,750
L3388108.SRDUP, 22.65%, 09/01/2027 (a)(q)	Upstart		09/07/2022		8,982		8,761		8,762
L3388534.SRDUP, 22.23%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		8,622		8,407		8,458
L3390668.SRDUP, 22.47%, 09/01/2025 (a)(q)	Upstart		09/07/2022		1,929		1,880		1,891
L3390824.SRDUP, 20.97%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		20,066		19,511		19,683
L3391045.SRDUP, 16.23%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		10,120		9,844		9,995
L3391202.SRDUP, 16.98%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		6,450		6,273		6,369
L3391321.SRDUP, 15.58%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		1,102		1,072		1,089
L3391351.SRDUP, 21.08%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		4,181		4,066		4,084
L3391362.SRDUP, 14.36%, 09/01/2027 (a)(q)	Upstart		09/07/2022		43,241		42,065		42,706
L3391407.SRDUP, 14.42%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		11,089		10,787		10,953

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

118

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3391411.SRDUP, 25.21%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022	$	936	$	910	$	914
L3391418.SRDUP, 28.34%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		5,459		5,306		5,335
L3391427.SRDUP, 15.62%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		9,831		9,563		9,710
L3391434.SRDUP, 23.72%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		18,675		18,156		18,233
L3391489.SRDUP, 23.36%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		6,159		5,988		6,013
L3391511.SRDUP, 28.46%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		13,666		13,304		860
L3391531.SRDUP, 15.72%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		2,772		2,704		2,739
L3391572.SRDUP, 17.31%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		18,443		17,937		18,212
L3391613.SRDUP, 28.33%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		4,894		4,757		4,783
L3391617.SRDUP, 22.34%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		931		906		913
L3391640.SRDUP, 12.14%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		27,351		26,611		27,134
L3391648.SRDUP, 19.51%, 02/01/2028 (a)(l)(q)	Upstart		09/07/2022		8,820		8,572		8,709
L3391697.SRDUP, 25.26%, 09/01/2025 (a)(q)	Upstart		09/07/2022		27,495		26,801		26,986
L3391709.SRDUP, 22.01%, 09/01/2027 (a)(q)	Upstart		09/07/2022		931		905		913
L3391738.SRDUP, 27.53%, 09/01/2027 (a)(q)	Upstart		09/07/2022		6,500		6,320		6,347
L3391747.SRDUP, 10.36%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		1,077		1,051		1,068
L3391820.SRDUP, 24.72%, 09/01/2027 (a)(q)	Upstart		09/07/2022		9,135		8,880		8,913
L3391831.SRDUP, 19.68%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		848		827		833
L3391888.SRDUP, 19.26%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		16,772		16,365		16,556
L3391896.SRDUP, 25.4%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		6,556		6,373		6,427
L3391924.SRDUP, 23.65%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		3,423		3,337		3,360
L3391968.SRDUP, 11.21%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		18,194		17,703		18,114
L3391974.SRDUP, 26.5%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		1,595		1,556		1,559
L3392009.SRDUP, 28.78%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		10,832		10,528		10,584
L3392015.SRDUP, 20.84%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		11,145		10,837		11,002
L3392022.SRDUP, 21.97%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		5,119		4,977		5,021
L3392064.SRDUP, 26.1%, 09/01/2025 (a)(l)(q)	Upstart		09/07/2022		2,581		2,516		2,503
L3392168.SRDUP, 18.37%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		23,104		22,470		22,813
L3392189.SRDUP, 11.72%, 09/01/2027 (a)(q)	Upstart		09/07/2022		22,333		21,729		22,155
L3392300.SRDUP, 26.57%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		14,755		14,312		2,091
L3392406.SRDUP, 14.33%, 09/02/2027 (a)(q)	Upstart		09/08/2022		9,162		8,913		9,052
L3393914.SRDUP, 24.11%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		14,803		14,359		6,582
L3393918.SRDUP, 13.27%, 09/02/2027 (a)(q)	Upstart		09/08/2022		13,254		12,894		13,149
L3394012.SRDUP, 22.75%, 09/02/2027 (a)(q)	Upstart		09/08/2022		15,561		15,131		15,265
L3394096.SRDUP, 14.19%, 09/02/2027 (a)(q)	Upstart		09/08/2022		3,664		3,564		3,620
L3394103.SRDUP, 18.16%, 09/02/2027 (a)(q)	Upstart		09/08/2022		9,146		8,895		9,033
L3394171.SRDUP, 25.81%, 09/02/2027 (a)(q)	Upstart		09/08/2022		8,429		8,194		8,230
L3394206.SRDUP, 15.01%, 09/02/2027 (a)(q)	Upstart		09/08/2022		1,107		1,081		1,094
L3394268.SRDUP, 24.64%, 09/02/2027 (a)(q)	Upstart		09/08/2022		3,741		3,637		3,654
L3394336.SRDUP, 20.27%, 09/02/2025 (a)(q)	Upstart		09/08/2022		3,364		3,289		3,295
L3394346.SRDUP, 28.36%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		5,170		5,019		5,054
L3394367.SRDUP, 18.49%, 09/02/2027 (a)(q)	Upstart		09/08/2022		9,244		8,990		9,129
L3394379.SRDUP, 25.54%, 09/02/2027 (a)(q)	Upstart		09/08/2022		2,342		2,277		2,311
L3394399.SRDUP, 24.85%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		3,281		3,182		605
L3394413.SRDUP, 21.88%, 09/02/2027 (a)(q)	Upstart		09/08/2022		7,910		7,691		7,760
L3394467.SRDUP, 28.56%, 09/02/2027 (a)(q)	Upstart		09/08/2022		6,685		6,498		6,536
L3394493.SRDUP, 25.08%, 09/02/2027 (a)(q)	Upstart		09/08/2022		46,803		45,497		45,787
L3394501.SRDUP, 20.14%, 09/02/2027 (a)(q)	Upstart		09/08/2022		9,274		9,018		9,101
L3394526.SRDUP, 27.22%, 09/02/2027 (a)(q)	Upstart		09/08/2022		5,619		5,463		5,486
L3394551.SRDUP, 28.63%, 09/02/2027 (a)(q)	Upstart		09/08/2022		17,138		16,657		16,756
L3394593.SRDUP, 28.14%, 02/02/2028 (a)(l)(q)	Upstart		09/08/2022		5,222		5,066		5,102
L3394600.SRDUP, 22.76%, 09/02/2025 (a)(q)	Upstart		09/08/2022		3,758		3,675		3,691
L3394650.SRDUP, 13.04%, 09/02/2025 (a)(q)	Upstart		09/08/2022		6,736		6,571		6,658
L3394680.SRDUP, 20.76%, 09/02/2027 (a)(q)	Upstart		09/08/2022		10,586		10,293		10,387
L3394742.SRDUP, 16.94%, 09/02/2027 (a)(l)(q)	Upstart		09/08/2022		3,531		3,446		3,486

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

119

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3394760.SRDUP, 21.48%, 09/02/2027 (a)(q)	Upstart		09/08/2022	$	3,719	$	3,616	$	3,649
L3394784.SRDUP, 13.16%, 09/02/2027 (a)(q)	Upstart		09/08/2022		4,112		4,001		4,080
L3394802.SRDUP, 17.07%, 09/02/2027 (a)(q)	Upstart		09/08/2022		32,258		31,374		31,861
L3394806.SRDUP, 16.53%, 09/02/2027 (a)(q)	Upstart		09/08/2022		5,524		5,373		5,456
L3394859.SRDUP, 21%, 09/02/2027 (a)(q)	Upstart		09/08/2022		33,073		32,158		32,653
L3394881.SRDUP, 25.18%, 09/02/2027 (a)(q)	Upstart		09/08/2022		3,370		3,276		3,305
L3394882.SRDUP, 19.04%, 09/02/2027 (a)(q)	Upstart		09/08/2022		6,941		6,750		6,854
L3394950.SRDUP, 20.41%, 09/02/2027 (a)(q)	Upstart		09/08/2022		18,651		18,197		18,306
L3394974.SRDUP, 9.6%, 09/02/2025 (a)(q)	Upstart		09/08/2022		2,360		2,302		2,339
L3394987.SRDUP, 18.43%, 09/02/2027 (a)(q)	Upstart		09/08/2022		5,084		4,960		5,020
L3394996.SRDUP, 16.59%, 09/02/2027 (a)(q)	Upstart		09/08/2022		6,325		6,152		6,247
L3395099.SRDUP, 28.14%, 09/02/2027 (a)(q)	Upstart		09/08/2022		3,952		3,854		3,864
L3395116.SRDUP, 28.01%, 09/02/2027 (a)(q)	Upstart		09/08/2022		4,139		4,023		4,040
L3395140.SRDUP, 13.03%, 09/02/2025 (a)(q)	Upstart		09/08/2022		3,755		3,663		3,717
L3395193.SRDUP, 23.31%, 02/02/2028 (a)(l)(q)	Upstart		09/08/2022		2,839		2,760		2,785
L3395195.SRDUP, 18.93%, 09/02/2027 (a)(q)	Upstart		09/08/2022		6,759		6,573		6,669
L3395228.SRDUP, 11.28%, 09/02/2025 (a)(q)	Upstart		09/08/2022		326		319		325
L3395239.SRDUP, 20.37%, 09/02/2025 (a)(l)(q)	Upstart		09/08/2022		4,795		4,651		679
L3401189.SRDUP, 14.71%, 09/06/2027 (a)(q)	Upstart		09/09/2022		16,506		16,055		16,318
L3401194.SRDUP, 22.61%, 09/06/2027 (a)(l)(q)	Upstart		09/09/2022		5,849		5,686		5,744
L3401248.SRDUP, 25.98%, 09/06/2025 (a)(q)	Upstart		09/09/2022		13,166		12,833		12,786
L3401278.SRDUP, 12.25%, 09/06/2027 (a)(q)	Upstart		09/09/2022		7,295		7,097		7,241
L3401283.SRDUP, 18.06%, 09/06/2025 (a)(q)	Upstart		09/09/2022		11,827		11,533		11,709
L3401316.SRDUP, 15.39%, 09/06/2027 (a)(l)(q)	Upstart		09/09/2022		5,116		4,963		2,140
L3401321.SRDUP, 15.57%, 09/06/2027 (a)(l)(q)	Upstart		09/09/2022		2,749		2,674		2,718
L3401328.SRDUP, 14.05%, 09/06/2027 (a)(q)	Upstart		09/09/2022		22,733		22,113		22,473
L3401351.SRDUP, 24.79%, 09/06/2027 (a)(q)	Upstart		09/09/2022		21,084		20,495		20,612
L3401383.SRDUP, 28.47%, 09/06/2025 (a)(l)(q)	Upstart		09/09/2022		17,040		16,588		3,364
L3401394.SRDUP, 22.75%, 09/06/2027 (a)(q)	Upstart		09/09/2022		8,790		8,539		8,634
L3401522.SRDUP, 15.59%, 09/06/2027 (a)(q)	Upstart		09/09/2022		37,542		36,415		37,061
L3401534.SRDUP, 28.45%, 09/06/2027 (a)(q)	Upstart		09/09/2022		12,673		12,317		12,416
L3401565.SRDUP, 11.78%, 09/06/2025 (a)(q)	Upstart		09/09/2022		1,257		1,227		1,244
L3401583.SRDUP, 27.59%, 09/06/2025 (a)(q)	Upstart		09/09/2022		4,402		4,290		4,281
L3401599.SRDUP, 17.43%, 09/06/2027 (a)(q)	Upstart		09/09/2022		7,010		6,817		6,928
L3401756.SRDUP, 24.21%, 09/06/2027 (a)(q)	Upstart		09/09/2022		1,404		1,363		1,379
L3401850.SRDUP, 16.4%, 09/06/2027 (a)(q)	Upstart		09/09/2022		19,972		19,488		19,741
L3401860.SRDUP, 22.93%, 09/06/2025 (a)(q)	Upstart		09/09/2022		1,960		1,904		1,923
L3402012.SRDUP, 18.24%, 09/06/2027 (a)(q)	Upstart		09/09/2022		2,296		2,229		2,269
L3402023.SRDUP, 14.02%, 09/06/2027 (a)(q)	Upstart		09/09/2022		10,987		10,688		10,863
L3402051.SRDUP, 23.11%, 09/06/2027 (a)(q)	Upstart		09/09/2022		6,253		6,079		6,178
L3402058.SRDUP, 21.73%, 09/06/2027 (a)(q)	Upstart		09/09/2022		16,187		15,738		15,900
L3402105.SRDUP, 17.36%, 09/06/2027 (a)(q)	Upstart		09/09/2022		4,611		4,485		4,575
L3402156.SRDUP, 17.19%, 09/06/2027 (a)(q)	Upstart		09/09/2022		25,352		24,656		25,057
L3402178.SRDUP, 12.75%, 09/06/2027 (a)(q)	Upstart		09/09/2022		22,824		22,204		22,653
L3402211.SRDUP, 17.13%, 09/06/2025 (a)(l)(q)	Upstart		09/09/2022		2,100		2,048		2,077
L3402220.SRDUP, 28.1%, 09/06/2027 (a)(q)	Upstart		09/09/2022		4,516		4,389		4,415
L3402304.SRDUP, 28.21%, 09/06/2027 (a)(q)	Upstart		09/09/2022		4,518		4,391		4,434
L3402519.SRDUP, 28.78%, 02/06/2028 (a)(l)(q)	Upstart		09/09/2022		17,965		17,437		17,601
L3402546.SRDUP, 10.81%, 09/06/2025 (a)(q)	Upstart		09/09/2022		1,991		1,943		1,975
L3402602.SRDUP, 17.98%, 09/06/2027 (a)(q)	Upstart		09/09/2022		12,928		12,572		12,777
L3402617.SRDUP, 23.96%, 09/06/2027 (a)(l)(q)	Upstart		09/09/2022		1,941		1,883		148
L3402648.SRDUP, 28.18%, 09/06/2027 (a)(q)	Upstart		09/09/2022		4,046		3,933		3,971
L3470030.SRDUP, 16.6%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		8,897		8,632		8,261
L3484826.SRDUP, 16.21%, 10/13/2027 (a)(q)	Upstart		10/18/2022		37,281		36,244		36,907
L3493753.SRDUP, 23.49%, 10/13/2027 (a)(q)	Upstart		10/18/2022		3,017		2,932		2,969

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

120

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3496979.SRDUP, 10.1%, 10/13/2027 (a)(q)	Upstart		10/18/2022	$	18,436	$	17,930	$	18,375
L3498493.SRDUP, 17.07%, 10/28/2025 (a)(q)	Upstart		10/18/2022		5,234		5,100		5,185
L3498513.SRDUP, 21.69%, 10/13/2027 (a)(q)	Upstart		10/18/2022		3,280		3,187		3,229
L3499014.SRDUP, 24.2%, 10/13/2027 (a)(q)	Upstart		10/18/2022		8,701		8,455		8,561
L3499047.SRDUP, 23.23%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,358		2,299		2,314
L3499215.SRDUP, 21.09%, 10/13/2025 (a)(q)	Upstart		10/18/2022		3,931		3,829		3,874
L3499681.SRDUP, 24.38%, 10/13/2027 (a)(q)	Upstart		10/18/2022		12,815		12,453		12,570
L3499728.SRDUP, 26.64%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,138		1,106		1,116
L3499786.SRDUP, 23.44%, 10/13/2027 (a)(q)	Upstart		10/18/2022		853		829		838
L3499815.SRDUP, 24.33%, 10/20/2027 (a)(q)	Upstart		10/18/2022		7,181		6,978		7,069
L3499832.SRDUP, 23.82%, 10/13/2027 (a)(q)	Upstart		10/18/2022		9,400		9,135		9,221
L3499842.SRDUP, 24.37%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,170		2,109		2,136
L3499895.SRDUP, 14.94%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		5,580		5,418		5,543
L3499912.SRDUP, 17.9%, 10/13/2025 (a)(q)	Upstart		10/18/2022		5,207		5,089		5,134
L3499914.SRDUP, 23.26%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,814		2,735		2,760
L3499928.SRDUP, 21.59%, 10/13/2025 (a)(q)	Upstart		10/18/2022		29,293		28,487		28,834
L3499941.SRDUP, 24.36%, 10/13/2027 (a)(q)	Upstart		10/18/2022		6,709		6,520		6,582
L3499960.SRDUP, 18.83%, 10/13/2027 (a)(q)	Upstart		10/18/2022		10,350		10,060		10,242
L3500017.SRDUP, 22.74%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,414		1,374		1,387
L3500036.SRDUP, 24.24%, 10/13/2027 (a)(q)	Upstart		10/18/2022		7,464		7,253		7,348
L3500040.SRDUP, 15.14%, 10/13/2025 (a)(q)	Upstart		10/18/2022		8,272		8,061		8,191
L3500057.SRDUP, 12.99%, 10/13/2027 (a)(q)	Upstart		10/18/2022		7,411		7,230		7,362
L3500079.SRDUP, 20.78%, 10/13/2027 (a)(q)	Upstart		10/18/2022		10,804		10,501		10,604
L3500091.SRDUP, 20.2%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		2,718		2,636		504
L3500107.SRDUP, 17.93%, 10/13/2027 (a)(q)	Upstart		10/18/2022		18,148		17,642		17,957
L3500112.SRDUP, 22.46%, 10/13/2027 (a)(q)	Upstart		10/18/2022		4,269		4,148		4,205
L3500128.SRDUP, 12.31%, 10/13/2027 (a)(q)	Upstart		10/18/2022		17,669		17,182		17,555
L3500157.SRDUP, 18.67%, 10/13/2027 (a)(q)	Upstart		10/18/2022		3,745		3,652		3,706
L3500169.SRDUP, 22.76%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,791		1,740		1,757
L3500174.SRDUP, 14.88%, 10/13/2027 (a)(q)	Upstart		10/18/2022		15,503		15,073		15,400
L3500193.SRDUP, 19.46%, 10/13/2025 (a)(q)	Upstart		10/18/2022		1,915		1,866		1,888
L3500231.SRDUP, 15.36%, 10/13/2027 (a)(q)	Upstart		10/18/2022		12,097		11,761		11,977
L3500271.SRDUP, 13.28%, 10/13/2027 (a)(q)	Upstart		10/18/2022		45,083		43,836		44,780
L3500293.SRDUP, 14.63%, 10/13/2027 (a)(q)	Upstart		10/18/2022		16,619		16,158		16,452
L3500312.SRDUP, 16.33%, 10/13/2027 (a)(q)	Upstart		10/18/2022		5,220		5,075		5,168
L3500343.SRDUP, 11.65%, 10/13/2025 (a)(q)	Upstart		10/18/2022		3,254		3,172		3,227
L3500371.SRDUP, 18.38%, 10/13/2027 (a)(q)	Upstart		10/18/2022		18,713		18,252		18,433
L3500416.SRDUP, 21.18%, 10/13/2027 (a)(q)	Upstart		10/18/2022		32,905		31,981		32,562
L3500423.SRDUP, 16.29%, 10/13/2027 (a)(q)	Upstart		10/18/2022		5,779		5,619		5,721
L3500425.SRDUP, 13.3%, 10/13/2027 (a)(q)	Upstart		10/18/2022		7,608		7,397		7,557
L3500427.SRDUP, 21.42%, 10/13/2027 (a)(q)	Upstart		10/18/2022		3,762		3,656		3,705
L3500444.SRDUP, 24.4%, 10/13/2027 (a)(q)	Upstart		10/18/2022		7,549		7,336		7,431
L3500445.SRDUP, 17.79%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		5,250		5,094		4,872
L3500458.SRDUP, 19.1%, 10/13/2027 (a)(q)	Upstart		10/18/2022		7,495		7,285		7,418
L3500472.SRDUP, 24.28%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,592		1,547		1,562
L3500482.SRDUP, 15.02%, 10/13/2027 (a)(q)	Upstart		10/18/2022		8,277		8,047		8,194
L3500484.SRDUP, 20.57%, 10/13/2027 (a)(q)	Upstart		10/18/2022		12,531		12,180		12,296
L3500485.SRDUP, 19.76%, 10/13/2027 (a)(q)	Upstart		10/18/2022		7,058		6,860		6,987
L3500488.SRDUP, 23.52%, 03/13/2028 (a)(l)(q)	Upstart		10/18/2022		22,108		21,474		21,695
L3500497.SRDUP, 22.79%, 10/13/2027 (a)(q)	Upstart		10/18/2022		4,242		4,136		4,162
L3500563.SRDUP, 14.02%, 10/13/2027 (a)(q)	Upstart		10/18/2022		10,422		10,168		10,322
L3500580.SRDUP, 14.91%, 10/13/2027 (a)(q)	Upstart		10/18/2022		21,300		20,711		21,069
L3500588.SRDUP, 10.88%, 10/13/2025 (a)(q)	Upstart		10/18/2022		704		686		700
L3500600.SRDUP, 21.06%, 10/13/2027 (a)(q)	Upstart		10/18/2022		9,400		9,136		9,256
L3500620.SRDUP, 14.71%, 10/13/2027 (a)(q)	Upstart		10/18/2022		18,460		17,949		18,276

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

121

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3500646.SRDUP, 22.98%, 10/13/2027 (a)(q)	Upstart		10/18/2022	$	9,429	$	9,163	$	9,252
L3500652.SRDUP, 10.96%, 10/13/2027 (a)(q)	Upstart		10/18/2022		36,749		35,856		36,617
L3500692.SRDUP, 24.4%, 10/13/2027 (a)(q)	Upstart		10/18/2022		4,183		4,063		4,106
L3500693.SRDUP, 17.67%, 10/13/2025 (a)(q)	Upstart		10/18/2022		5,205		5,087		5,132
L3500697.SRDUP, 20.76%, 10/13/2025 (a)(q)	Upstart		10/18/2022		6,770		6,594		6,672
L3500718.SRDUP, 20.37%, 10/13/2025 (a)(l)(q)	Upstart		10/18/2022		12,249		11,882		1,736
L3500730.SRDUP, 21.61%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		7,840		7,632		711
L3500779.SRDUP, 24.29%, 10/13/2027 (a)(q)	Upstart		10/18/2022		6,614		6,427		6,511
L3500797.SRDUP, 14.46%, 10/13/2027 (a)(q)	Upstart		10/18/2022		4,459		4,335		4,429
L3500805.SRDUP, 19.56%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,860		2,789		2,828
L3500820.SRDUP, 24.33%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,651		1,605		1,619
L3500831.SRDUP, 24%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,417		1,377		1,390
L3500846.SRDUP, 12.54%, 10/13/2025 (a)(q)	Upstart		10/18/2022		1,698		1,654		1,683
L3500869.SRDUP, 16.64%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,894		1,841		1,873
L3500895.SRDUP, 24.39%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,456		1,420		1,433
L3500901.SRDUP, 15.75%, 10/13/2027 (a)(q)	Upstart		10/18/2022		3,632		3,531		3,596
L3500906.SRDUP, 17.79%, 10/13/2027 (a)(q)	Upstart		10/18/2022		7,479		7,266		7,403
L3500918.SRDUP, 22.64%, 10/13/2027 (a)(q)	Upstart		10/18/2022		11,215		10,899		11,093
L3500949.SRDUP, 22.77%, 10/13/2027 (a)(q)	Upstart		10/18/2022		21,020		20,428		20,695
L3500967.SRDUP, 21.28%, 10/13/2027 (a)(q)	Upstart		10/18/2022		9,401		9,145		9,257
L3500992.SRDUP, 20.83%, 10/13/2025 (a)(q)	Upstart		10/18/2022		3,296		3,211		3,248
L3500993.SRDUP, 19.77%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		18,697		18,140		18,502
L3501018.SRDUP, 10.44%, 10/13/2027 (a)(q)	Upstart		10/18/2022		9,226		8,973		9,196
L3501070.SRDUP, 24.23%, 10/13/2027 (a)(q)	Upstart		10/18/2022		2,456		2,387		2,410
L3501081.SRDUP, 21.06%, 10/13/2027 (a)(q)	Upstart		10/18/2022		7,990		7,792		7,868
L3501084.SRDUP, 24.37%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,858		1,805		1,826
L3501102.SRDUP, 24.28%, 10/13/2027 (a)(q)	Upstart		10/18/2022		5,669		5,509		5,578
L3501129.SRDUP, 24.14%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		9,394		9,112		2,548
L3501150.SRDUP, 16.65%, 10/13/2027 (a)(q)	Upstart		10/18/2022		5,130		4,987		5,079
L3501239.SRDUP, 24.13%, 10/13/2027 (a)(q)	Upstart		10/18/2022		6,621		6,434		6,553
L3501245.SRDUP, 19.97%, 10/13/2027 (a)(q)	Upstart		10/18/2022		8,069		7,843		7,947
L3501266.SRDUP, 23.82%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,039		1,009		1,023
L3501280.SRDUP, 17.21%, 10/13/2027 (a)(q)	Upstart		10/18/2022		6,536		6,354		6,470
L3501285.SRDUP, 24.33%, 10/13/2027 (a)(q)	Upstart		10/18/2022		1,509		1,467		1,481
L3501301.SRDUP, 9.97%, 10/13/2025 (a)(q)	Upstart		10/18/2022		3,289		3,206		3,265
L3501346.SRDUP, 24.24%, 10/13/2027 (a)(q)	Upstart		10/18/2022		4,346		4,223		4,264
L3501417.SRDUP, 23.82%, 10/13/2027 (a)(q)	Upstart		10/18/2022		4,001		3,888		3,928
L3521654.SRDUP, 24.34%, 11/01/2027 (a)(q)	Upstart		11/04/2022		6,423		6,231		6,283
L3537611.SRDUP, 24.04%, 11/01/2027 (a)(q)	Upstart		11/04/2022		1,306		1,269		1,276
L3539375.SRDUP, 24.07%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		7,439		7,228		7,270
L3540203.SRDUP, 24.39%, 11/01/2027 (a)(q)	Upstart		11/04/2022		963		936		942
L3540251.SRDUP, 24.36%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		2,481		2,418		2,424
L3540501.SRDUP, 17.42%, 11/01/2027 (a)(q)	Upstart		11/04/2022		17,140		16,659		16,944
L3541676.SRDUP, 15.78%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		2,040		1,987		2,016
L3541695.SRDUP, 11.05%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		5,895		5,731		5,872
L3541701.SRDUP, 11.36%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		5,722		5,574		5,665
L3541706.SRDUP, 12.42%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		1,764		1,718		1,746
L3541746.SRDUP, 17.86%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		3,027		2,948		2,990
L3541799.SRDUP, 15.1%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		6,593		6,408		6,542
L3541802.SRDUP, 9.9%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		9,657		9,408		9,578
L3541817.SRDUP, 20.51%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		7,594		7,380		7,425
L3541850.SRDUP, 20.67%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		1,526		1,486		1,498
L3541862.SRDUP, 23.83%, 11/02/2027 (a)(q)	Upstart		11/07/2022		805		782		789
L3541868.SRDUP, 24.38%, 11/01/2027 (a)(q)	Upstart		11/04/2022		2,195		2,133		2,145
L3541950.SRDUP, 19.07%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		3,695		3,591		3,650

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

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122

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3541951.SRDUP, 16.9%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022	$	14,166	$	13,768	$	13,997
L3541957.SRDUP, 10.31%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		879		856		871
L3541984.SRDUP, 12.39%, 11/01/2027 (a)(q)	Upstart		11/04/2022		1,904		1,851		1,889
L3541986.SRDUP, 23.76%, 11/01/2027 (a)(q)	Upstart		11/04/2022		1,144		1,112		1,118
L3541988.SRDUP, 18.94%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		3,410		3,314		3,348
L3541996.SRDUP, 24.34%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		4,293		4,171		4,196
L3542002.SRDUP, 17.48%, 11/01/2027 (a)(q)	Upstart		11/04/2022		2,237		2,174		2,210
L3542033.SRDUP, 23.98%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		6,675		6,508		6,551
L3542104.SRDUP, 24.35%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,813		1,761		1,772
L3542107.SRDUP, 22.07%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		47,564		46,374		46,975
L3542117.SRDUP, 21.53%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		2,852		2,771		2,788
L3542121.SRDUP, 21.26%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		47,759		46,410		46,920
L3542134.SRDUP, 20.79%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		15,954		15,503		15,663
L3542136.SRDUP, 24.4%, 11/01/2027 (a)(q)	Upstart		11/04/2022		2,380		2,320		2,326
L3542142.SRDUP, 24.4%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,527		1,483		1,498
L3542151.SRDUP, 17.15%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		2,834		2,755		2,800
L3542203.SRDUP, 24.38%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		16,602		16,185		16,292
L3542213.SRDUP, 12.46%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		7,503		7,319		7,447
L3542239.SRDUP, 24.21%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		2,099		2,039		2,051
L3542262.SRDUP, 20.75%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		895		871		878
L3542325.SRDUP, 10.23%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		14,951		14,537		14,892
L3542337.SRDUP, 11.77%, 11/01/2025 (a)(q)	Upstart		11/04/2022		5,141		5,008		5,098
L3542367.SRDUP, 18%, 11/01/2025 (a)(l)(q)	Upstart		11/04/2022		891		867		880
L3542387.SRDUP, 21.82%, 11/01/2027 (a)(q)	Upstart		11/04/2022		11,809		11,476		11,557
L3542417.SRDUP, 15.24%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		13,659		13,277		13,499
L3542438.SRDUP, 12.39%, 11/01/2027 (a)(q)	Upstart		11/04/2022		4,585		4,457		4,550
L3542473.SRDUP, 16.92%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		8,500		8,261		8,399
L3542484.SRDUP, 24.24%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,908		1,854		1,865
L3542487.SRDUP, 23.59%, 11/01/2027 (a)(q)	Upstart		11/04/2022		3,163		3,084		3,085
L3542514.SRDUP, 24.23%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		2,480		2,410		2,424
L3542519.SRDUP, 13.53%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		7,516		7,306		7,460
L3542542.SRDUP, 24.36%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,240		1,205		1,217
L3542556.SRDUP, 24.06%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		11,445		11,120		11,232
L3542557.SRDUP, 23.93%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,240		1,204		1,212
L3542565.SRDUP, 24.37%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		1,145		1,112		1,119
L3542586.SRDUP, 12.21%, 11/01/2027 (a)(q)	Upstart		11/04/2022		10,856		10,553		10,774
L3542595.SRDUP, 24.23%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		6,773		6,580		6,647
L3542610.SRDUP, 21.27%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		3,801		3,694		3,731
L3542618.SRDUP, 24.18%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		4,197		4,078		4,102
L3542621.SRDUP, 22.31%, 11/01/2027 (a)(l)(q)	Upstart		11/04/2022		6,375		6,195		6,232
L3542650.SRDUP, 19.18%, 11/02/2027 (a)(q)	Upstart		11/07/2022		41,312		40,147		40,819
L3542661.SRDUP, 18.68%, 11/02/2025 (a)(q)	Upstart		11/07/2022		2,140		2,084		2,117
L3542686.SRDUP, 22.77%, 11/02/2027 (a)(l)(q)	Upstart		11/07/2022		7,421		7,211		7,257
L3542777.SRDUP, 12.9%, 11/02/2027 (a)(q)	Upstart		11/07/2022		8,353		8,120		8,292
L3542791.SRDUP, 9.84%, 11/02/2027 (a)(q)	Upstart		11/07/2022		23,345		22,698		23,255
L3542809.SRDUP, 22.11%, 11/02/2027 (a)(q)	Upstart		11/07/2022		3,710		3,605		3,628
L3542812.SRDUP, 21.74%, 11/02/2025 (a)(q)	Upstart		11/07/2022		4,929		4,799		4,838
L3542817.SRDUP, 21.09%, 11/02/2025 (a)(q)	Upstart		11/07/2022		6,586		6,412		6,460
L3542853.SRDUP, 22.93%, 11/02/2027 (a)(l)(q)	Upstart		11/07/2022		7,336		7,128		7,171
L3542868.SRDUP, 22.09%, 11/02/2027 (a)(q)	Upstart		11/07/2022		1,903		1,849		1,861
L3542873.SRDUP, 18.49%, 11/02/2027 (a)(q)	Upstart		11/07/2022		12,874		12,511		12,721
L3542906.SRDUP, 20.56%, 11/02/2025 (a)(l)(q)	Upstart		11/07/2022		4,518		4,384		4,436
L3542911.SRDUP, 24.36%, 11/02/2027 (a)(l)(q)	Upstart		11/07/2022		4,672		4,539		4,567
L3542922.SRDUP, 21.55%, 11/02/2027 (a)(l)(q)	Upstart		11/07/2022		12,350		12,000		12,126
L3542965.SRDUP, 24.37%, 11/02/2027 (a)(q)	Upstart		11/07/2022		1,813		1,761		1,773

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

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123

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

	PLATFORM	ORIGINAL ACQUISITION DATE		PRINCIPAL AMOUNT		COST		VALUE
United States - 7.5% (continued)
L3543009.SRDUP, 16.42%, 11/02/2027 (a)(q)	Upstart		11/07/2022	$	8,399	$	8,163	$	8,301
L3543032.SRDUP, 15.33%, 11/02/2027 (a)(q)	Upstart		11/07/2022		385		375		383
L3543041.SRDUP, 24.37%, 11/02/2027 (a)(q)	Upstart		11/07/2022		13,071		12,700		12,779
L3543042.SRDUP, 23.93%, 11/02/2027 (a)(q)	Upstart		11/07/2022		5,721		5,578		5,616
L3543084.SRDUP, 21.49%, 11/02/2027 (a)(q)	Upstart		11/07/2022		28,516		27,709		28,001
L3543101.SRDUP, 24.36%, 11/02/2027 (a)(q)	Upstart		11/07/2022		4,484		4,357		4,384
L3543129.SRDUP, 17.95%, 11/02/2027 (a)(q)	Upstart		11/07/2022		24,592		23,900		24,302
Total Consumer Loans (Cost $46,278,544)							46,278,544		40,821,295
Student Loans (m) - 0.0%
United States (m) - 0.0%
L3280442.SRDUP, 21.46%, 07/19/2027 (a)(q)	Upstart		07/22/2022		4,545		4,545		4,501
L3281850.SRDUP, 24.4%, 12/19/2027 (a)(l)(q)	Upstart		07/22/2022		3,211		3,211		2,997
L3283479.SRDUP, 17.33%, 07/20/2027 (a)(q)	Upstart		07/25/2022		5,996		5,996		5,941
L3291812.SRDUP, 17.77%, 07/22/2027 (a)(q)	Upstart		07/27/2022		4,501		4,501		4,461
L3294068.SRDUP, 24.04%, 07/25/2027 (a)(q)	Upstart		07/28/2022		1,098		1,098		1,084
L3300956.SRDUP, 22.06%, 07/27/2027 (a)(q)	Upstart		08/01/2022		10,197		10,197		10,053
L3320263.SRDUP, 21.57%, 08/03/2027 (a)(q)	Upstart		08/08/2022		3,219		3,131		3,146
L3321408.SRDUP, 15.62%, 08/04/2027 (a)(l)(q)	Upstart		08/09/2022		11,982		11,660		11,840
L3324892.SRDUP, 17.55%, 08/05/2027 (a)(q)	Upstart		08/10/2022		1,098		1,068		1,085
L3325120.SRDUP, 15.78%, 08/05/2027 (a)(q)	Upstart		08/10/2022		8,892		8,652		8,788
L3325168.SRDUP, 24.39%, 08/05/2027 (a)(l)(q)	Upstart		08/10/2022		2,866		2,780		544
L3325729.SRDUP, 24.3%, 08/05/2027 (a)(q)	Upstart		08/10/2022		2,313		2,249		2,261
L3327392.SRDUP, 9.7%, 08/08/2025 (a)(q)	Upstart		08/11/2022		1,559		1,522		1,550
L3332346.SRDUP, 18.7%, 08/09/2027 (a)(l)(q)	Upstart		08/12/2022		1,946		1,890		1,922
L3382376.SRDUP, 16.97%, 09/01/2027 (a)(l)(q)	Upstart		09/07/2022		3,870		3,764		3,822
L3385912.SRDUP, 14.81%, 09/02/2027 (a)(q)	Upstart		09/08/2022		13,743		13,347		13,577
L3487758.SRDUP, 16.74%, 10/13/2027 (a)(l)(q)	Upstart		10/18/2022		3,523		3,425		3,487
Total Student Loans (Cost $83,036)							83,036		81,059
Total Whole Loans (Cost $46,361,580)									40,902,354
TOTAL INVESTMENTS (Cost $555,783,624) - 100.4%									547,811,849
OTHER LIABILITIES IN EXCESS OF ASSETS - (0.4)%									(2,164,849)
TOTAL NET ASSETS - 100.0%								$	545,647,000

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 $41,048,319, which represents 7.5% of net assets.

(c) Underlying holdings are consumer loans.

(d) Underlying holdings are mortgages.

(e) Foreign issued security. Total foreign securities by country of domicile are $206,684,159. Foreign concentration is as follows: Bermuda: 31.7%, Cayman Islands: 2.2%, Singapore: 1.9%, Supranational: 1.1%, Ireland: 0.8%, Great Britain: 0.1%, and Hong Kong: 0.1%.

(f) Variable rate security. Reference rates as of April 30, 2023 are as follows: Secured Overnight Financing Rate (SOFR) 4.81%, T-Bill 3 Month 5.06% and 3 Month Libor 5.34%. Actual reference rates may vary based on the reset date of the security.

(g) 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 April 30, 2023 was $181,450,102, which represents 33.3% of net assets.

(h) Security is restricted as to resale.

(i) Value determined using significant unobservable inputs.

(j) Affiliated company. See Note 3.

(k) Security is fair valued by the Adviser Valuation Committee using an insurance industry model pursuant to procedures approved by the Board of Trustees. The aggregate value of these securities is $31,717,529, which represents 5.81% of net assets.

(l) Non-income producing security.

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

124

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

(m) Rounds to zero.

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

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

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

(q) Security may be deemed restricted to resale to institutional investors. The aggregate value of these securities is $40,902,354 which represents 7.5% of net assets.

Written Options

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		VALUE
CALL OPTIONS
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $67.00		150	$	9,943,500	$	21,000
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $67.25		117		7,755,930		10,530
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $67.50		217		14,384,930		10,850
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $67.75		100		6,629,000		3,500
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $68.00		191		12,661,390		4,775
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $68.25		19		1,259,510		285
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $68.50		143		9,479,470		1,430
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $68.75		25		1,657,250		250
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $69.00		79		5,236,910		790
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $69.50		43		2,850,470		215
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $70.00		18		1,193,220		90
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $71.00		50		3,314,500		250
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $71.50		15		994,350		75
Australian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $67.50		22		1,458,380		9,020
Australian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $68.00		3		198,870		840
Australian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $70.00		25		1,657,250		1,500
Australian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $70.50		75		4,971,750		3,000
Australian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $71.00		1		66,290		30
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $124.50		58		4,559,888		52,200
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $124.75		52		4,088,175		40,625
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $125.00		45		3,537,844		29,813
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $125.25		56		4,402,650		31,150
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $125.50		166		13,050,713		76,775
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $125.75		60		4,717,125		22,500
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $126.00		117		9,198,394		35,831
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $126.25		45		3,537,844		10,969
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $126.50		130		10,220,438		24,375
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $126.75		30		2,358,563		4,500
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $127.00		108		8,490,825		12,150
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $127.50		36		2,830,275		2,250
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $128.00		5		393,094		187
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $128.50		49		3,852,319		919
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $129.00		40		3,144,750		500
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $129.50		5		393,094		31
British Pound Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $125.50		8		628,950		7,150
British Pound Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $126.00		30		2,358,563		21,938
British Pound Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $126.50		5		393,094		2,969
British Pound Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $127.00		6		471,713		2,812
British Pound Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $130.00		13		1,022,044		1,300
British Pound Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $130.50		13		1,022,044		975
British Pound Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $131.00		13		1,022,044		731
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $74.00		100		7,395,000		23,000
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $74.25		58		4,289,100		7,540
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $74.50		385	$	28,470,750		26,950
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $74.75		30		2,218,500		1,050
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $75.00		404		29,875,800		6,060
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $75.25		51		3,771,450		510
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $75.50		101		7,468,950		505

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

125

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		VALUE
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $76.00		100	$	7,395,000	$	500
Canadian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $74.50		38		2,810,100		13,300
Canadian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $75.00		70		5,176,500		14,000
Canadian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $75.50		100		7,395,000		11,000
Canadian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $76.00		75		5,546,250		4,500
Canadian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $77.00		25		1,848,750		375
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $25.00		23		36,294		874
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $26.00		50		78,900		1,650
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $28.00		312		492,336		7,800
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $29.00		150		236,700		3,225
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $30.00		259		408,702		5,310
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $31.00		101		159,378		1,768
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $32.00		172		271,416		2,752
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $32.50		139		219,342		2,155
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $33.00		50		78,900		725
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $34.00		200		315,600		2,700
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $35.00		201		317,178		2,613
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $36.00		451		711,678		5,186
CBOE SPX Volatility Index, May 2023 Settlement, Expires 05/17/2023 Strike Price $37.00		100		157,800		1,100
Cocoa Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $2,800.00		5		146,850		6,950
Cocoa Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $2,850.00		44		1,292,280		40,480
Cocoa Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $2,900.00		72		2,114,640		36,720
Cocoa Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $2,950.00		289		8,487,930		66,470
Cocoa Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $3,000.00		300		8,811,000		27,000
Cocoa Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $3,050.00		300		8,811,000		12,000
Cocoa Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $3,100.00		187		5,492,190		3,740
Cocoa Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $3,150.00		5		146,850		50
Cocoa Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $2,900.00		80		2,349,600		69,600
Cocoa Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $2,950.00		120		3,524,400		74,400
Cocoa Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $3,000.00		300		8,811,000		129,000
Cocoa Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $3,050.00		300		8,811,000		87,000
Cocoa Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $3,100.00		300		8,811,000		60,000
Cocoa Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $3,150.00		283		8,311,710		36,790
Cocoa Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $3,200.00		157		4,611,090		14,130
Cocoa Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $3,250.00		130		3,818,100		7,800
Cocoa Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $3,300.00		75		2,202,750		3,000
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $205.00		16		1,115,700		3,900
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $207.50		9		627,581		1,620
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $210.00		11		767,044		1,444
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $212.50		13		906,506		1,268
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $215.00		89		6,206,081		6,341
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $217.50		86		5,996,888		4,515
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $220.00		43		2,998,444		1,613
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $222.50		55		3,835,219		1,650
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $225.00		42		2,928,713		945
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $227.50		25		1,743,281		375
Coffee ‘C’ Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $225.00		125		8,716,406		42,187
Cotton Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $94.00		5		202,000		875
Crude Oil Future, May 2023 Settlement, Expires 05/17/2023 Strike Price $87.50		10		767,800		1,100
Crude Oil Future, May 2023 Settlement, Expires 05/17/2023 Strike Price $91.50		10		767,800		500
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $87.25		17		1,365,610		10,370
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $87.50		10		803,300		5,700
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $87.75		108		8,675,640		57,240
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $88.00		130	$	10,442,900		65,000
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $88.25		127		10,201,910		59,690
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $88.50		105		8,434,650		46,200
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $88.75		83		6,667,390		34,030
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $89.00		30		2,409,900		11,400

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

126

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		VALUE
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $89.25		75	$	6,024,750	$	27,000
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $89.50		25		2,008,250		8,250
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $89.75		26		2,088,580		8,060
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $90.00		30		2,409,900		8,700
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $90.25		40		3,213,200		11,200
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $90.50		12		963,960		3,120
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $91.00		10		803,300		2,300
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0850		50		6,875,000		126,250
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0900		50		6,875,000		98,125
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0950		77		10,587,500		112,613
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0975		20		2,750,000		24,500
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.1000		50		6,875,000		50,625
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.1025		34		4,675,000		28,050
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.1050		103		14,162,500		68,238
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.1075		38		5,225,000		19,950
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.1100		145		19,937,500		58,000
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.1125		45		6,187,500		13,500
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.1150		62		8,525,000		13,950
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.1175		15		2,062,500		2,437
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.1200		36		4,950,000		4,050
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.1250		7		962,500		394
Euro FX Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $1.1150		25		3,437,500		20,313
Euro FX Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $1.1200		25		3,437,500		15,625
Euro FX Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $1.1300		10		1,375,000		3,375
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,080.00		5		999,550		4,350
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,085.00		20		3,998,200		16,000
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,090.00		76		15,193,160		55,480
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,095.00		68		13,593,880		45,560
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,100.00		88		17,592,080		54,560
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,105.00		59		11,794,690		33,630
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,110.00		10		1,999,100		5,200
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,115.00		6		1,199,460		2,880
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,120.00		21		4,198,110		9,240
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,125.00		7		1,399,370		2,800
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,130.00		41		8,196,310		15,170
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,135.00		53		10,595,230		18,020
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2,140.00		25		4,997,750		8,000
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $409.00		17		1,653,463		12,750
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $410.00		15		1,458,938		10,500
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $411.00		27		2,626,088		17,888
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $412.00		21		2,042,513		12,863
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $413.00		12		1,167,150		6,900
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $414.00		15		1,458,938		8,062
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $415.00		43		4,182,288		22,038
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $416.00		29		2,820,613		13,775
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $417.00		48		4,668,600		21,000
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $418.00		35		3,404,188		14,438
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $419.00		31		3,015,138		12,012
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $420.00		30		2,917,875		10,875
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $421.00		23		2,237,038		7,762
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $422.00		20		1,945,250		6,500
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $423.00		10		972,625		3,000
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $425.00		23		2,237,038		6,038
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $426.00		6	$	583,575		1,500
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $427.00		7		680,838		1,662
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $428.00		2		194,525		425
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $429.00		6		583,575		1,200
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $430.00		11		1,069,888		2,063

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

127

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		VALUE
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $431.00		5	$	486,313	$	875
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $432.00		5		486,313		812
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $433.00		6		583,575		975
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $436.00		1		97,263		125
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $76.75		12		1,109,250		75
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $77.00		50		4,621,875		312
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $77.25		44		4,067,250		275
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $77.50		105		9,705,938		656
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $77.75		25		2,310,938		156
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $78.00		125		11,554,688		781
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $78.50		99		9,151,313		619
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $79.00		25		2,310,938		156
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $79.50		20	��	1,848,750		125
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $80.00		14		1,294,125		87
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $80.50		1		92,438		6
Japanese Yen Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $75.00		11		1,016,813		7,124
Japanese Yen Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $76.50		5		462,188		1,500
Japanese Yen Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $77.00		19		1,756,313		4,512
Japanese Yen Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $81.50		50		4,621,875		937
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $89.00		25		917,000		44,750
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $91.00		25		917,000		32,500
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $92.00		131		4,805,080		142,790
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $93.00		37		1,357,160		33,300
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $94.00		76		2,787,680		55,480
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $95.00		75		2,751,000		43,500
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $96.00		25		917,000		11,750
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $97.00		50		1,834,000		19,000
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $100.00		25		917,000		5,000
Live Cattle Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $165.00		72		4,765,824		33,840
Live Cattle Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $166.00		50		3,309,600		13,000
Live Cattle Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $168.00		25		1,654,800		1,500
Live Cattle Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $170.00		15		992,880		300
Live Cattle Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $166.00		52		3,441,984		39,000
Live Cattle Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $167.00		25		1,654,800		14,500
Live Cattle Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $168.00		50		3,309,600		21,500
Live Cattle Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $169.00		50		3,309,600		16,000
Live Cattle Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $170.00		25		1,654,800		5,750
Live Cattle Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $171.00		72		4,765,824		12,240
Live Cattle Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $172.00		50		3,309,600		6,000
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.35		21		506,100		42,357
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.40		155		3,735,500		273,730
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.45		100		2,410,000		154,000
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.50		14		337,400		18,704
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.55		11		265,100		12,694
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.60		50		1,205,000		49,700
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.65		39		939,900		33,345
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.70		50		1,205,000		36,750
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.75		50		1,205,000		31,550
Natural Gas Future, June 2023 Settlement, Expires 06/27/2023 Strike Price $2.60		25		645,000		58,800
Natural Gas Future, June 2023 Settlement, Expires 06/27/2023 Strike Price $2.65		71		1,831,800		151,301
Natural Gas Future, June 2023 Settlement, Expires 06/27/2023 Strike Price $2.70		97		2,502,600		186,919
Natural Gas Future, June 2023 Settlement, Expires 06/27/2023 Strike Price $2.75		115		2,967,000		199,985
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $27.25		32		4,036,800		26,880
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $27.50		57	$	7,190,550		40,470
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $27.75		53		6,685,950		31,800
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $28.00		31		3,910,650		15,965
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $28.25		16		2,018,400		7,120
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $28.50		7		883,050		2,695

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

128

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT			VALUE
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $28.75		5	$	630,750		$	1,675
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $29.00		1		126,150			295
Silver Future, June 2023 Settlement, Expires 06/27/2023 Strike Price $29.25		5		630,750			5,050
Silver Future, June 2023 Settlement, Expires 06/27/2023 Strike Price $29.50		10		1,261,500			9,250
Silver Future, June 2023 Settlement, Expires 06/27/2023 Strike Price $29.75		10		1,261,500			8,500
Silver Future, June 2023 Settlement, Expires 06/27/2023 Strike Price $30.00		15		1,892,250			11,700
Silver Future, June 2023 Settlement, Expires 06/27/2023 Strike Price $30.25		5		630,750			3,600
Silver Future, June 2023 Settlement, Expires 06/27/2023 Strike Price $30.50		15		1,892,250			10,050
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $54.00		17		527,034			6,783
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $54.50		33		1,023,066			10,593
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $55.00		23		713,046			5,934
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $55.50		68		2,108,136			13,872
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $56.00		149		4,619,298			23,691
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $56.50		138		4,278,276			17,388
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $57.00		172		5,332,344			16,512
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $57.50		118		3,658,236			8,850
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $58.00		152		4,712,304			8,664
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $58.50		94		2,914,188			4,230
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $59.00		71		2,201,142			2,769
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $59.50		55		1,705,110			1,650
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $60.00		57		1,767,114	��		1,539
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $60.50		57		1,767,114			1,368
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $61.00		27		837,054			486
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $61.50		19		589,038			342
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $62.00		28		868,056			420
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $62.50		28		868,056			336
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $63.00		29		899,058			348
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $63.50		13		403,026			117
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $64.00		9		279,018			81
Soybean Oil Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $64.50		7		217,014			63
TOTAL CALL OPTIONS (Premiums Received $6,554,857)							4,946,816
PUT OPTIONS
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $64.00		28		1,856,120			420
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $64.50		35		2,320,150			1,050
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $65.00		15		994,350			1,050
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $65.25		49		3,248,210			4,410
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $65.50		128		8,485,120			17,920
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $65.75		149		9,877,210			29,800
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $66.00		132		8,750,280			36,960
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $66.25		25		1,657,250			9,500
Australian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $66.50		25		1,657,250			13,000
Australian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $63.00		26		1,723,540			3,380
Australian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $64.00		15		994,350			3,600
Australian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $64.50		25		1,657,250			8,250
Australian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $65.00		8		530,320			3,600
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $119.50		10		786,188			63
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $120.50		40		3,144,750			250
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $121.00		93		7,311,544			581
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $121.50		71		5,581,931			444
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $122.00		97		7,626,019			606
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $122.50		142		11,163,863			887
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $122.75		69		5,424,694			431
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $123.00		144		11,321,100			1,800
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $123.50		212		16,667,175			5,300
British Pound Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $124.00		66		5,188,838			3,300

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

129

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		VALUE
British Pound Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $123.50		5	$	393,094	$	1,500
British Pound Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $124.00		3		235,856		1,144
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $71.50		26		1,922,700		130
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $72.00		82		6,063,900		410
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $72.50		152		11,240,400		1,520
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $72.75		25		1,848,750		375
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $73.00		231		17,082,450		6,930
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $73.25		43		3,179,850		2,150
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $73.50		238		17,600,100		23,800
Canadian Dollar Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $74.00		15		1,109,250		4,200
Canadian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $71.00		4		295,800		160
Canadian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $72.00		22		1,626,900		2,200
Canadian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $72.50		90		6,655,500		14,400
Canadian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $73.00		75		5,546,250		19,500
Canadian Dollar Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $73.50		45		3,327,750		18,450
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $3,965.00		25		10,423,700		3,375
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $3,970.00		33		13,759,284		4,818
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $3,975.00		25		10,423,700		3,750
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $3,980.00		53		22,098,244		9,540
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $3,985.00		25		10,423,700		4,425
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $3,990.00		75		31,271,100		14,250
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $3,995.00		100		41,694,800		21,000
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $4,000.00		100		41,694,800		22,500
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $4,005.00		102		42,528,696		24,480
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $4,010.00		125		52,118,500		32,250
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $4,015.00		71		29,603,308		19,383
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $4,020.00		100		41,694,800		29,800
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $4,025.00		104		43,362,592		35,152
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $4,030.00		52		21,681,296		18,564
CBOE S&P 500 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $4,035.00		75		31,271,100		29,250
CME Bitcoin Future, May 2023 Settlement, Expires 05/01/2023 Strike Price $18,000.00		50		7,294,368		250
CME Bitcoin Future, May 2023 Settlement, Expires 05/01/2023 Strike Price $19,000.00		5		729,437		25
CME Bitcoin Future, May 2023 Settlement, Expires 05/01/2023 Strike Price $19,500.00		10		1,458,874		50
CME Bitcoin Future, May 2023 Settlement, Expires 05/01/2023 Strike Price $20,000.00		10		1,458,874		50
CME Bitcoin Future, May 2023 Settlement, Expires 05/01/2023 Strike Price $21,500.00		5		729,437		25
CME Bitcoin Future, May 2023 Settlement, Expires 05/01/2023 Strike Price $22,500.00		50		7,294,368		250
CME Bitcoin Future, May 2023 Settlement, Expires 05/01/2023 Strike Price $23,000.00		10		1,458,874		50
CME Bitcoin Future, May 2023 Settlement, Expires 05/30/2023 Strike Price $20,000.00		100		14,737,500		47,500
CME Bitcoin Future, May 2023 Settlement, Expires 05/30/2023 Strike Price $21,500.00		25		3,684,375		15,625
CME Bitcoin Future, May 2023 Settlement, Expires 05/30/2023 Strike Price $22,000.00		77		11,347,875		53,900
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $157.50		3		209,194		45
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $167.50		2		139,463		248
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $170.00		7		488,119		1,391
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $172.50		11		767,044		3,382
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $175.00		32		2,231,400		14,880
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $177.50		71		4,950,919		48,191
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $180.00		60		4,183,875		57,600
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $182.50		105		7,321,781		137,812
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $185.00		93		6,485,006		161,820
Coffee ‘C’ Future, May 2023 Settlement, Expires 05/12/2023 Strike Price $187.50		73		5,090,381		163,702
Crude Oil Future, May 2023 Settlement, Expires 05/17/2023 Strike Price $70.00		2		160,660		1,755
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $66.50		25		2,008,250		6,750
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $67.50		25		2,008,250		7,750
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $68.50		5		401,650		1,850
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $68.75		13		1,044,290		5,070
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $69.00		47		3,775,510		18,800
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $69.25		55		4,418,150		23,100
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $69.50		10		803,300		4,400

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

130

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		VALUE
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $69.75		23	$	1,847,590	$	10,580
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $70.00		75		6,024,750		36,000
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $70.25		20		1,606,600		10,000
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $70.50		50		4,016,500		26,500
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $70.75		21		1,686,930		11,550
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $71.00		59		4,739,470		34,220
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $71.25		25		2,008,250		15,000
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $71.50		91		7,310,030		57,330
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $71.75		45		3,614,850		29,700
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $72.00		26		2,088,580		17,940
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $72.25		85		6,828,050		62,050
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $72.50		109		8,755,970		82,840
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $72.75		25		2,008,250		20,000
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $73.00		25		2,008,250		20,750
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $73.25		25		2,008,250		21,750
Crude Oil Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $73.50		25		2,008,250		22,750
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0400		25		3,437,500		156
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0500		9		1,237,500		56
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0650		16		2,200,000		100
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0700		43		5,912,500		269
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0750		38		5,225,000		238
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0775		67		9,212,500		838
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0800		64		8,800,000		1,200
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0825		37		5,087,500		1,156
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0850		43		5,912,500		2,150
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0875		25		3,437,500		1,875
Euro FX Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $1.0900		74		10,175,000		8,325
Euro FX Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $1.0750		30		4,125,000		8,250
Euro FX Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $1.0850		26		3,575,000		13,000
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $1,865.00		1		199,910		200
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $1,875.00		6		1,199,460		1,500
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $1,885.00		31		6,197,210		9,610
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $1,890.00		11		2,199,010		3,850
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $1,895.00		65		12,994,150		25,350
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $1,900.00		101		20,190,910		43,430
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $1,905.00		83		16,592,530		40,670
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $1,910.00		85		16,992,350		46,750
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $1,915.00		6		1,199,460		3,660
Gold Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $1,920.00		25		4,997,750		17,250
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $350.00		5		486,313		875
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $355.00		6		583,575		1,575
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $360.00		20		1,945,250		7,750
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $365.00		52		5,057,650		28,600
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $366.00		51		4,960,388		29,963
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $367.00		55		5,349,438		35,063
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $368.00		48		4,668,600		32,400
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $369.00		70		6,808,375		50,750
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $370.00		54		5,252,175		41,850
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $371.00		91		8,850,888		75,075
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $372.00		109		10,601,613		96,738
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $373.00		113		10,990,663		107,350
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $374.00		68		6,613,850		68,850
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $375.00		5		486,313		5,375
HG Copper Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $376.00		6		583,575		6,900
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $71.50		25		2,310,938		156
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $72.00		25		2,310,938		625
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $72.50		33		3,050,438		2,063
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $73.00		39		3,605,063		5,363

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

131

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		VALUE
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $73.50		25	$	2,310,938	$	7,500
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $74.00		54		4,991,625		30,375
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $74.50		86		7,949,625		82,775
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $74.75		90		8,319,375		106,875
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $75.00		88		8,134,500		127,600
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $75.25		18		1,663,875		30,825
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $75.50		62		5,731,125		124,000
Japanese Yen Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $76.00		97		8,966,438		250,987
Japanese Yen Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $73.00		13		1,201,688		8,450
Japanese Yen Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $73.50		20		1,848,750		18,000
Japanese Yen Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $74.00		25		2,310,938		30,312
Japanese Yen Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $74.50		37		3,420,188		58,275
Japanese Yen Future, June 2023 Settlement, Expires 06/09/2023 Strike Price $75.00		25		2,310,938		50,000
Lean Hogs Future, May 2023 Settlement, Expires 05/16/2023 Strike Price $76.00		23		843,640		2,070
Lean Hogs Future, May 2023 Settlement, Expires 05/16/2023 Strike Price $77.00		10		366,800		1,300
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $74.00		25		917,000		1,250
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $75.00		25		917,000		1,750
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $77.00		75		2,751,000		6,750
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $78.00		50		1,834,000		5,500
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $79.00		75		2,751,000		9,000
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $80.00		34		1,247,120		5,100
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $81.00		25		917,000		4,250
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $82.00		25		917,000		5,000
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $83.00		25		796,500		6,000
Lean Hogs Future, June 2023 Settlement, Expires 06/16/2023 Strike Price $84.00		25		796,500		7,000
Live Cattle Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $156.00		10		661,920		100
Live Cattle Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $158.00		25		1,654,800		250
Live Cattle Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $159.00		50		3,309,600		1,000
Live Cattle Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $160.00		50		3,309,600		1,500
Live Cattle Future, May 2023 Settlement, Expires 05/05/2023 Strike Price $163.00		6		397,152		540
Live Cattle Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $152.00		75		4,964,400		3,750
Live Cattle Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $153.00		25		1,654,800		1,500
Live Cattle Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $155.00		25		1,654,800		2,000
Live Cattle Future, June 2023 Settlement, Expires 06/02/2023 Strike Price $157.00		25		1,654,800		3,000
NASDAQ 100 Stock Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $12,410.00		4		4,890,632		3,340
NASDAQ 100 Stock Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $12,420.00		9		11,003,922		13,050
NASDAQ 100 Stock Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $12,425.00		4		4,890,632		4,000
NASDAQ 100 Stock Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $12,430.00		4		4,890,632		3,960
NASDAQ 100 Stock Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $12,440.00		8		9,781,264		7,920
NASDAQ 100 Stock Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $12,450.00		4		4,890,632		3,920
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $1.90		41		988,100		9,184
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $1.95		73		1,759,300		20,221
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.00		271		6,531,100		93,766
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.05		278		6,699,800		120,374
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.10		462		11,134,200		250,404
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.15		477		11,495,700		320,544
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.20		376		9,061,600		309,824
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.25		212		5,109,200		211,788
Natural Gas Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $2.30		50		1,205,000		59,850
Russell 2000 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $1,650.00		14		2,476,586		1,274
Russell 2000 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $1,655.00		28		4,953,172		3,080
Russell 2000 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $1,660.00		28		4,953,172		3,416
Russell 2000 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $1,665.00		43		7,606,657		5,719
Russell 2000 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $1,670.00		43		7,606,657		7,009
Russell 2000 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $1,675.00		32		5,660,768		5,280
Russell 2000 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $1,680.00		28		4,953,172		5,460
Russell 2000 Index, May 2023 Settlement, Expires 05/05/2023 Strike Price $1,685.00		14		2,476,586		3,262
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $22.55		3		378,450		960

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

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Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL AMOUNT		VALUE
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $22.65		3	$	378,450	$	1,050
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $22.70		7		883,050		2,590
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $22.75		16		2,018,400		6,240
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $22.80		8		1,009,200		3,280
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $22.85		13		1,639,950		5,590
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $22.90		11		1,387,650		5,005
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $22.95		12		1,513,800		5,700
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $23.00		22		2,775,300		11,000
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $23.05		30		3,784,500		15,750
Silver Future, May 2023 Settlement, Expires 05/25/2023 Strike Price $23.10		44		5,550,600		24,200
Soybean Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $1,410.00		5		354,813		5,031
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $380.00		6		259,440		270
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $385.00		6		259,440		360
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $390.00		4		172,960		300
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $395.00		9		389,160		900
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $400.00		66		2,853,840		8,580
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $405.00		125		5,405,000		21,875
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $410.00		56		2,421,440		13,440
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $415.00		100		4,324,000		33,500
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $420.00		150		6,486,000		68,250
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $425.00		174		7,523,760		108,750
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $430.00		205		8,864,200		169,125
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $435.00		196		8,475,040		208,740
Soybean Meal Future, May 2023 Settlement, Expires 05/26/2023 Strike Price $440.00		60		2,594,400		81,300
TOTAL PUT OPTIONS (Premiums Received $7,844,628)						5,861,458
TOTAL WRITTEN OPTIONS (Premiums Received $14,399,485)					$	10,808,274

Open Futures Contracts

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL VALUE		VALUE/ UNREALIZED APPRECIATION (DEPRECIATION)
FUTURES CONTRACTS SOLD
Brent Crude Future, May 2023 Settlement		25	$	2,008,250	$	(69,459	)
CAC40 Index, May 2023 Settlement		69		5,674,982		13,226
Canadian Dollar, June 2023 Settlement		90		6,655,050		(51,405	)
Coffee ‘C’, July 2023 Settlement		67		4,671,994		26,508
Coffee ‘C’, September 2023 Settlement		50		3,435,000		(116,675	)
Copper, July 2023 Settlement		40		3,890,500		(26,755	)
Corn Future, September 2023 Settlement		6		158,625		11,690
DAX Index, June 2023 Settlement		25		11,034,192		(530,176	)
E-Mini Nasdaq 100, June 2023 Settlement		5		1,332,025		(11,660	)
E-Mini Russ 2000, June 2023 Settlement		30		2,662,200		(24,098	)
E-Mini S&P 500 Index, June 2023 Settlement		180		37,696,500		(589,128	)
FTSE China A50 Index Futures, May 2023 Settlement		39		514,644		(9,607	)
FTSE Taiwan Index Futures , May 2023 Settlement		89		4,830,030		3,591
Hang Seng Index Futures , May 2023 Settlement		80		10,089,622		31,136
Japanese Yen Futures , June 2023 Settlement		340		31,426,625		259,025
Kospi2 Index, June 2023 Settlement		80		4,877,466		(52,719	)
Lean Hogs Futures, October 2023 Settlement		48		1,620,000		(32,118	)
Natural Gas Futures, May 2023 Settlement		300		7,230,000		(87,671	)
Natural Gas Futures, September 2023 Settlement		15		408,300		(13,544	)
Nifty 50 Index Futures , May 2023 Settlement		15		543,870		(8,082	)

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

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133

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

DESCRIPTION	NUMBER OF CONTRACTS		NOTIONAL VALUE		VALUE/ UNREALIZED APPRECIATION (DEPRECIATION)
FUTURES CONTRACTS SOLD (continued)
RBOB Gasoline Futures, September 2023 Settlement		2	$	187,387	$	16,980
Silver Futures, September 2023 Settlement		25		3,180,500		(267,098	)
Soybean Futures, September 2023 Settlement		24		1,541,700		62,719
Soybean Meal Futures, July 2023 Settlement		260		11,242,400		141,824
Soybean Meal Futures, October 2023 Settlement		49		1,995,770		51,599
Soybean Oil Futures, October 2023 Settlement		31		940,602		63,517
Sugar No. 11 Futures, June 2023 Settlement		21		619,752		(17,678	)
WTI Crude Futures, September 2023 Settlement		2		150,300		9,796
Yen Demon Nikkei, June 2023 Settlement		46		4,906,565		(142,244	)
TOTAL FUTURES CONTRACTS SOLD			$	165,524,851	$	(1,358,506	)
FUTURES CONTRACTS PURCHASED
Amsterdam Index, May 2023 Settlement		30	$	5,001,741	$	(13,052	)
Australian Dollar, June 2023 Settlement		55		3,645,675		(97,155	)
Brent Crude Future, August 2023 Settlement		54		4,264,920		(232,425	)
British Pound, June 2023 Settlement		180		14,151,375		5,081
CBOE VIX, May 2023 Settlement		175		3,226,318		(244,085	)
Cocoa, July 2023 Settlement		872		25,610,640		335,855
Copper, September 2023 Settlement		1		97,438		(3,952	)
Corn Future, July 2023 Settlement		7		204,750		(7,183	)
Cotton No. 2, July 2023 Settlement		16		646,400		11,319
Euro Fx, June 2023 Settlement		328		45,298,850		(1,020	)
Euro Stoxx 50, June 2023 Settlement		11		523,625		7,000
FTSE 100 Index Futures , June 2023 Settlement		53		5,237,055		144,153
FTSE/JSE Top 40 Index Futures , June 2023 Settlement		263		10,530,352		340,758
FTSE/MIB Index Futures , June 2023 Settlement		72		10,671,633		53,568
Globex Natural Gas Futures, May 2023 Settlement		30		723,000		15,758
Gold 100 Oz. Futures, June 2023 Settlement		9		1,799,190		(53,751	)
Gold 100 Oz. Futures, October 2023 Settlement		12		2,444,040		(26,338	)
IBEX 35 Index, May 2023 Settlement		105		10,688,359		(185,260	)
KC HRW Wheat, September 2023 Settlement		26		1,005,875		(97,807	)
Lean Hogs Futures, June 2023 Settlement		110		4,034,800		94,944
Live Cattle Futures, June 2023 Settlement		130		8,604,700		113,327
Live Cattle Futures, October 2023 Settlement		13		871,650		1,923
Low Sulphur Gas Oil Futures, October 2023 Settlement		60		4,210,500		(329,544	)
NY Harbor ULSD Futures, September 2023 Settlement		41		4,150,881		(402,272	)
OMXS30 Futures , May 2023 Settlement		24		530,080		2,353
S&P/TSX 60 Index Futures , June 2023 Settlement		28		5,160,424		288,074
Soybean Oil Futures, July 2023 Settlement		55		1,705,110		(62,858	)
SPI 200TM Index Futures , June 2023 Settlement		41		4,963,375		218,326
Sugar No. 11 Futures, September 2023 Settlement		67		1,951,790		448,822
Swiss Market Index, June 2023 Settlement		5		638,866		54,056
Wheat Futures, July 2023 Settlement		70		2,218,125		(104,226	)
Wheat Futures, September 2023 Settlement		4		129,000		(10,728	)
WTI Crude Futures, May 2023 Settlement		5		383,900		(26,121	)
TOTAL FUTURES CONTRACTS PURCHASED			$	185,324,437	$	237,540

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

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134

Consolidated Schedule of Investments as of April 30, 2023 (Unaudited)

STONE RIDGE DIVERSIFIED ALTERNATIVES FUND

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		7/6/2023	Brazilian Real		3,411,048	United States Dollar		661,697	$	13,143
Morgan Stanley Capital Services LLC		7/5/2023	British Pound		18,085,896	United States Dollar		22,439,569		321,400
Morgan Stanley Capital Services LLC		7/5/2023	Canadian Dollar		1,481,743	United States Dollar		1,102,829		(7,627	)
Morgan Stanley Capital Services LLC		7/6/2023	Chilean Peso		531,170,650	United States Dollar		661,697		(9,813	)
Morgan Stanley Capital Services LLC		7/6/2023	Colombian Peso		77,350,530,242	United States Dollar		16,568,711		(362,486	)
Morgan Stanley Capital Services LLC		7/5/2023	Euro		18,549,227	United States Dollar		20,270,117		249,068
Morgan Stanley Capital Services LLC		7/5/2023	Hungarian Forint		236,325,084	United States Dollar		661,697		22,065
Morgan Stanley Capital Services LLC		7/5/2023	Indian Rupee		1,316,289,501	United States Dollar		15,907,014		122,377
Morgan Stanley Capital Services LLC		7/5/2023	Indonesian Rupiah		228,254,410,656	United States Dollar		15,245,317		288,499
Morgan Stanley Capital Services LLC		7/5/2023	Japanese Yen		2,638,571,373	United States Dollar		20,106,523		(533,340	)
Morgan Stanley Capital Services LLC		7/5/2023	New Zealand Dollar		1,762,322	United States Dollar		1,105,959		(16,498	)
Morgan Stanley Capital Services LLC		7/3/2023	Philippine Peso		734,981,323	United States Dollar		13,456,021		(206,788	)
Morgan Stanley Capital Services LLC		7/5/2023	South African Rand		286,561,739	United States Dollar		15,907,014		(341,030	)
Morgan Stanley Capital Services LLC		7/5/2023	United States Dollar		21,506,899	Australian Dollar		31,723,799		452,808
Morgan Stanley Capital Services LLC		7/7/2023	United States Dollar		15,907,014	Czech Koruna		345,073,400		(200,445	)
Morgan Stanley Capital Services LLC		7/5/2023	United States Dollar		16,568,711	Israeli New Shekel		59,471,532		140,206
Morgan Stanley Capital Services LLC		7/6/2023	United States Dollar		15,245,317	Mexican Peso		279,417,862		(74,896	)
Morgan Stanley Capital Services LLC		7/5/2023	United States Dollar		661,697	New Taiwan Dollar		20,045,515		4,525
Morgan Stanley Capital Services LLC		7/5/2023	United States Dollar		21,209,352	Norwegian Krone		218,607,826		627,402
Morgan Stanley Capital Services LLC		7/5/2023	United States Dollar		661,697	Singapore Dollar		877,789		2,153
Morgan Stanley Capital Services LLC		7/5/2023	United States Dollar		18,483,728	South Korean Won		24,222,223,162		311,200
Morgan Stanley Capital Services LLC		7/5/2023	United States Dollar		22,312,181	Swiss Franc		20,217,134		(484,676	)
									$	317,247

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

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135

Statement of Assets and Liabilities As of April 30, 2023 (Unaudited)

	STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND
ASSETS:
Investments, at fair value(1)	$	1,674,479,366
Interest receivable		16,154,649
Receivable for fund shares sold		31,645,171
Foreign currencies at custodian, at fair value(2)		124,805
Receivable for investment securities sold		16,163,864
Other assets		410,530
Total assets		1,738,978,385
LIABILITIES:
Payable for investment securities purchased		59,107,864
Reverse repurchase agreements		5,000,000
Payable for fund shares redeemed		698,519
Loans payable		5,000,000
Payable to Adviser		2,211,050
Payable for Chief Compliance Officer compensation		4,540
Payable to Trustees		51,077
Payable to Custodian		54,111
Accrued distribution fees		10,524
Accrued interest expense		29,287
Other accrued expenses		693,936
Total liabilities		72,860,908
Total net assets	$	1,666,117,477
NET ASSETS CONSIST OF:
Capital stock	$	1,869,618,411
Total distributable losses		(203,500,934	)
Total net assets	$	1,666,117,477
Class I
Net assets	$	1,579,478,841
Shares outstanding		182,823,398
Class I Net asset value, offering and redemption price per share	$	8.64
Class M
Net assets	$	86,638,636
Shares outstanding		10,023,302
Class M Net asset value, offering and redemption price per share	$	8.64
(1)  Cost of Investments	$	1,790,038,487
(2)  Cost of Foreign currencies		122,430

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

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136

Consolidated Statement of Assets and Liabilities As of April 30, 2023 (Unaudited)

	STONE RIDGE DIVERSIFIED ALTERNATIVES FUND
ASSETS:
Investments, at fair value(1):
Unaffiliated issuers	$	504,651,765
Affiliated issuers		43,160,084
Unrealized appreciation on forward currency contracts		2,554,846
Collateral held at broker		6,501,162
Foreign currencies at broker, at value(2)		2,216,886
Foreign currencies at custodian, at value(3)		622,593
Receivable for investment securities sold		1,077,949
Receivable for fund shares sold		2,661,545
Interest receivable		2,801,786
Other assets		698,989
Total assets		566,947,605
LIABILITIES:
Written options, at fair value(4)		10,808,274
Unrealized depreciation on forward currency contracts		2,237,599
Interest payable		32,390
Payable for investment securities purchased		7,127,833
Payable for fund shares redeemed		76,091
Payable to Adviser		351,493
Payable to Trustees		22,697
Payable for Chief Compliance Officer compensation		6,128
Other accrued expenses		638,100
Total liabilities		21,300,605
Total net assets	$	545,647,000
NET ASSETS CONSIST OF:
Capital stock	$	590,672,532
Total distributable losses		(45,025,532	)
Total net assets	$	545,647,000
Class I
Net assets	$	510,674,355
Shares outstanding		46,296,205
Class I Net asset value, offering and redemption price per share	$	11.03
Class J
Net assets	$	34,972,645
Shares outstanding		3,185,807
Class J Net asset value, offering and redemption price per share	$	10.98
(1)  Cost of Investments
Unaffiliated issuers	$	514,144,533
Affiliated issuers (See note 9)		41,639,091
(2)  Cost of foreign currencies broker		2,251,189
(3)  Cost of foreign currencies custodian		624,048
(4)  Premiums received		14,399,485

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

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137

Statement of Operations Period Ended April 30, 2023 (Unaudited)

	STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND
INVESTMENT INCOME:
Interest income	$	85,148,335
Dividend income		1,253,747
Total investment income		86,402,082
EXPENSES
Advisory fees (See Note 4)		12,381,619
Fund accounting and administration fees		606,516
Interest expense		476,642
Transfer agency fees and expenses		270,282
Legal fees		124,378
Audit and tax related fees		110,115
Trustees fees and expenses		104,673
Custody fees		49,228
Federal and state registration fees		44,770
Distribution (12b-1) fees — Class M Only		41,656
Chief Compliance Officer compensation		29,544
Other expenses		100,685
Total expenses before Adviser waiver		14,340,108
Expenses recouped by Adviser (See Note 4)		218,447
Total net expenses		14,558,555
Net investment income		71,843,527
NET REALIZED AND UNREALIZED GAIN (LOSS):
Net realized gain (loss) on:
Investments		(12,796,780	)
Foreign currency		5,293
Net change in unrealized appreciation (depreciation) on:
Investments		110,521,554
Foreign currency		5,560
Net realized and unrealized gain		97,735,627
Net increase in net assets resulting from operations	$	169,579,154

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

Stone Ridge Funds Semi-Annual Report April 30, 2023

138

Consolidated Statement of Operations For the Period Ended April 30, 2023 (Unaudited)

	STONE RIDGE DIVERSIFIED ALTERNATIVES FUND
INVESTMENT INCOME:
Dividend income
Affiliated issuers	$	8,000,447
Interest income		10,198,207
Total investment income		18,198,654
EXPENSES
Advisory fees (See Note 4)		2,056,347
Fund accounting and administration fees		325,903
Compliance fees		260,196
Loan servicing fees		225,179
Investment expense		175,146
Interest expense		153,969
Audit and tax related fees		153,040
Custody fees		91,774
Transfer agency fees and expenses		89,349
Legal fees		48,926
Federal and state registration fees		39,018
Chief Compliance Officer compensation		31,201
Trustees fees and expenses		25,525
Other expenses		137,077
Total expenses before Adviser waiver		3,812,650
Expenses waived by Adviser (See Note 4)		(317,382	)
Total net expenses		3,495,268
Net investment income		14,703,386
NET REALIZED AND UNREALIZED GAIN (LOSS):
Net realized gain (loss) on:
Investments:
Unaffiliated issuers		(3,662,789	)
Affiliated issuers		(8,598,744	)
Foreign currencies		100,491
Forward currency contracts		(4,259,914	)
Futures contracts		(61,620,573	)
Increase in payments from affiliates		440
Swap Contract		5,645,465
Written options		93,326,542
Net change in unrealized appreciation (depreciation) on:
Investments
Unaffiliated issuers		(3,629,680	)
Affiliated issuers		21,792,856
Foreign currencies		(32,049	)
Forward currency contracts		3,659,964
Futures contracts		(22,888	)
Swap Contract		(1,305,171	)
Written options		1,220,048
Net realized and unrealized gain		42,613,998
Net increase in net assets resulting from operations	$	57,317,384

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

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139

Statement of Changes in Net Assets

	STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND
	PERIOD ENDED APRIL 30, 2023 (UNAUDITED)			YEAR ENDED OCTOBER 31, 2022
OPERATIONS:
Net investment income	$	71,843,527		$	78,909,973
Net realized gain (loss) on:
Investments		(12,796,780	)		(1,640,624	)
Foreign currency		5,293			47,771
Net change in unrealized appreciation (depreciation) on:
Investments		110,521,554			(185,864,386	)
Foreign currency		5,560			282
Net increase (decrease) in net assets resulting from operations		169,579,154			(108,546,984	)
DISTRIBUTIONS TO SHAREHOLDERS:
Net dividends and distributions — Class I		(57,466,093	)		(58,381,239	)
Net dividends and distributions — Class M		(3,542,434	)		(5,757,653	)
Total distributions		(61,008,527	)		(64,138,892	)
CAPITAL SHARE TRANSACTIONS:
Proceeds from shares sold — Class I		497,306,002			707,338,784
Proceeds from shares sold — Class M		11,952,429			41,909,155
Proceeds from shares issued to holders in reinvestment of dividends — Class I		28,041,819			33,798,186
Proceeds from shares issued to holders in reinvestment of dividends — Class M		3,241,060			5,135,495
Cost of shares redeemed — Class I		(468,399,744	)		(431,211,750	)
Cost of shares redeemed — Class M		(61,952,097	)		(54,302,547	)
Net increase in net assets from capital share transactions		10,189,469			302,667,323
Total increase in net assets		118,760,096			129,981,447
NET ASSETS:
Beginning of year		1,547,357,381			1,417,375,934
End of year	$	1,666,117,477		$	1,547,357,381

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

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Consolidated Statement of Changes in Net Assets

	STONE RIDGE DIVERSIFIED ALTERNATIVES FUND
	PERIOD ENDED APRIL 30, 2023 (UNAUDITED)			YEAR ENDED OCTOBER 31, 2022
OPERATIONS:
Net investment income	$	14,703,386		$	9,498,392
Net realized gain (loss) on:
Investments
Unaffiliated issuers		(3,662,789	)		(15,093,239	)
Affiliated issuers		(8,598,744	)		(1,368,117	)
Foreign currencies		100,491			(392,250	)
Forward currency contracts		(4,259,914	)		(3,383,022	)
Futures contracts		(61,620,573	)		(89,871,537	)
Increase in payments from affliates		440			—
Swap contracts		5,645,465			—
Written options		93,326,542			116,601,555
Net change in unrealized appreciation (depreciation) on:
Investments
Unaffiliated issuers		(3,629,680	)		(6,192,642	)
Affiliated issuers		21,792,856			(19,080,795	)
Foreign currencies		(32,049	)		(24,586	)
Forward currency contracts		3,659,964			(2,898,214	)
Futures contracts		(22,888	)		450,272
Swap contracts		(1,305,171	)		1,305,171
Written options		1,220,048			(19,554	)
Net increase (decrease) in net assets resulting from operations		57,317,384			(10,468,566	)
DISTRIBUTIONS TO SHAREHOLDERS:
Net dividends and distributions — Class I		(13,506,346	)		(17,304,688	)
Net dividends and distributions — Class M		(917,052	)		(1,004,997	)
Total distributions		(14,423,398	)		(18,309,685	)
CAPITAL SHARE TRANSACTIONS:
Proceeds from shares sold — Class I		85,064,885			318,463,934
Proceeds from shares sold — Class J		2,999,652			24,097,722
Proceeds from shares issued to holders in reinvestment of dividends — Class I		12,016,367			15,065,424
Proceeds from shares issued to holders in reinvestment of dividends — Class J		901,589			971,555
Cost of shares redeemed — Class I		(46,393,057	)		(88,088,949	)
Cost of shares redeemed — Class J		(3,429,589	)		(4,687,421	)
Net increase in net assets from capital share transactions		51,159,847			265,822,265
Total increase in net assets		94,053,833			237,044,014
NET ASSETS:
Beginning of period		451,593,167			214,549,153
End of year	$	545,647,000		$	451,593,167

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

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Statement of Cash Flows Period Ended April 30, 2023 (Unaudited)

	STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND
CASH FLOWS FROM OPERATING ACTIVITIES
Net increase in net assets resulting from operations	$	169,579,153
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:		(97,724,774	)
Amortization and accretion of premium and discount		(1,095,797	)
Changes in assets and liabilities:
Foreign currencies at broker		(66,400	)
Interest receivable		(4,076,292	)
Other assets		(344,368	)
Payable to Custodian		22,353
Payable to Trustees		(5,402	)
Payable for Chief Compliance Officer compensation		(456	)
Accrued interest expense		(80,696	)
Accrued distribution fees		(5,272	)
Other accrued expenses		38,516
Payable to Adviser		506,505
Purchases of investments		(319,479,152	)
Proceeds from sale of investments		209,481,213
Proceeds from cost adjustments		9,823,121
Net purchases and sales of short-term investments		(36,825,548	)
Net cash used in operating activities		(70,253,296	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from shares issued		480,246,751
Payment on shares redeemed		(358,267,807	)
Cash distributions to shareholders		(29,725,648	)
Proceeds from reverse repurchase agreements		43,120,489
Payments on reverse repurchase agreements		(53,120,489	)
Loan withdrawals		50,600,000
Loan paydowns		(62,600,000	)
Net cash provided by financing activities		70,253,296
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	$	31,282,879
Cash paid for interest on loans outstanding and reverse repurchase agreements	$	(557,337	)
Payment in-kind on shares redeemed by Affiliate (see Note 9)	$	(172,306,332	)
Transfer of investments to Affiliate for redemption in-kind	$	172,306,332

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

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Statement of Cash Flows Period Ended April 30, 2023 (Unaudited)

	STONE RIDGE DIVERSIFIED ALTERNATIVES FUND
CASH FLOWS FROM OPERATING ACTIVITIES
Net increase in net assets resulting from operations	$	57,317,384
Adjustments to reconcile net decrease in net assets resulting from operations to net cash used in operating activities:
Net realized and unrealized loss:		(42,568,004	)
Amortization and accretion of premium and discount		(3,185,333	)
Changes in assets and liabilities:
Foreign currencies at broker		(1,638,876	)
Foreign currencies at custodian		(622,593	)
Collateral held at broker		3,177,300
Interest receivable		(2,019,012	)
Other assets		(129,806	)
Payable to Trustees		7,705
Payable for Chief Compliance Officer compensation		1,201
Accrued interest expense		14,390
Other accrued expenses		(114,077	)
Payable to Adviser		123,674
Purchases of investments		(73,444,769	)
Proceeds from sale of investments		45,340,456
Proceeds from cost adjustments		844,760
Net purchases and sales of short-term investments		(17,249,743	)
Net cash used in operating activities		(34,145,343	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from shares issued		85,692,473
Payment on shares redeemed		(50,041,688	)
Cash distributions to shareholders		(1,505,442	)
Net cash provided by financing activities		34,145,343
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	$	12,917,956
Cash paid for interest on loans outstanding	$	(139,580	)
Redemption in-kind on investment in Affiliate (see Note 9)	$	172,306,332
Investments acquired in-kind on redemption from Affiliate (see Note 9)	$	(172,306,332	)

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

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Financial Highlights April 30, 2023 (Unaudited)

	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
Period Ended April 30, 2023 (Unaudited)	$	8.09		0.36		0.50			0.86
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
Period Ended April 30, 2023 (Unaudited)	$	8.09		0.36		0.49			0.85
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.

(4) Not annualized.

(5) Annualized.

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

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Financial Highlights April 30, 2023 (Unaudited)

													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
	(0.31	)		–		(0.31	)	$	8.64		10.75	%	$	1,579,479		1.73	%(5)		1.75	%(5)		8.73	%(5)		8.71	%(5)		13.46	%(4)
	(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	%
	(0.30	)		–		(0.30	)	$	8.64		10.71	%	$	86,639		1.82	%(5)		1.84	%(5)		8.66	%(5)		8.64	%(5)		13.46	%(4)
	(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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Consolidated Financial Highlights April 30, 2023 (Unaudited)

	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
Period Ended April 30, 2023 (Unaudited)	$	10.11		0.32	(4)		0.93	(4)		1.25	(4)(8)
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*
Period Ended April 30, 2023 (Unaudited)	$	10.05		0.30	(4)		0.94	(4)		1.24	(4)
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.

(8) Includes increase in payments by Affiliates of less than $0.01

* On January 22, 2021, the Fund’s Class M shares were redesignated as Class J shares.

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

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Consolidated Financial Highlights April 30, 2023 (Unaudited)

																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
	(0.11	)		(0.22	)		—		(0.33	)	$	11.03		12.62	%(5)	$	510,674		1.56	%(6)		1.43	%(6)		5.99	%(6)		6.12	%(6)		2.62	%(5)
	(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	%(5)	$	20,261		3.57	%(6)		1.04	%(6)		-0.80	%(6)		1.73	%(6)		28.54	%(5)
	(0.09	)		(0.22	)		—		(0.31	)	$	10.98		12.38	%(5)	$	34,973		1.86	%(6)		1.73	%(6)		5.61	%(6)		5.74	%(6)		2.62	%(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	%(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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Notes to Financial Statements April 30, 2023 (Unaudited)

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 April 30, 2023, the Stone Ridge High Yield Reinsurance Risk Premium Fund (the “High Yield Reinsurance 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 Diversified Alternatives Fund is diversified. The High Yield Reinsurance Fund commenced operations on February 1, 2013. The Diversified Alternatives Fund commenced operations on May 1, 2020. The High Yield Reinsurance Fund offers 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; for Class J shares, unlike Class I shares, intermediary fees are paid out of the Fund’s Class J shares’ assets on an ongoing basis. The Funds do not charge redemption fees. There are an unlimited number of authorized shares.

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 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 April 30, 2023, the Subsidiary’s consolidated net assets were $71,554,418, which represented 13.1% of the Diversified Alternatives Fund’s 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 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.

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Notes to Financial Statements April 30, 2023 (Unaudited)

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 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 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.

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Notes to Financial Statements April 30, 2023 (Unaudited)

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, swaps and forwards, 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 determine 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;

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.

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Notes to Financial Statements April 30, 2023 (Unaudited)

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 as of April 30, 2023. The transfers from Level 3 to Level 2 occurred because previously unobservable market data became available as of April 30, 2023. The following table summarizes the inputs used to value the Funds’ investments as of April 30, 2023:

DESCRIPTION	LEVEL 1		LEVEL 2		LEVEL 3		TOTAL
High Yield Reinsurance Fund
Assets
Event-Linked Bonds
Chile	$	—	$	15,193,450	$	—	$	15,193,450
Europe		—		4,734,658		—		4,734,658
Global		—		168,460,918		4,862,550		173,323,468
Jamaica		—		13,933,103		—		13,933,103
Japan		—		47,353,598		—		47,353,598
Mexico		—		15,326,724		—		15,326,724
United States (2)		—		1,065,802,968		29,337,665		1,095,140,633
Total Event-Linked Bonds		—		1,330,805,419		34,200,215		1,365,005,634
Quota Shares and Other Reinsurance-Related Securities
Participation Notes (1)(2)		—		—		81,243,636		81,243,636
Preference Shares (1)		—		—		189,171,287		189,171,287
Total Quota Shares and Other Reinsurance-Related Securities		—		—		270,414,923		270,414,923
Money Market Funds		39,058,809		—		—		39,058,809
Total Assets	$	39,058,809	$	1,330,805,419	$	304,615,138	$	1,674,479,366
Diversified Alternatives Fund
Assets
Asset-Backed Securities	$	—	$	—	$	41,048,319	$	41,048,319
Event Linked Bonds
Chile		—		1,991,124		—		1,991,124
Global		—		21,396,616		637,450		22,034,066
Jamaica		—		1,826,097		—		1,826,097
Japan		—		4,928,020		—		4,928,020
Mexico		—		2,010,074		—		2,010,074
United States		—		138,743,705		3,199,486		141,943,191
Total Event-Linked Bonds		—		170,895,636		3,836,936		174,732,572
Investment Companies—Open End		43,160,084		—		—		43,160,084
Participation Notes (1)		—		—		32,205,255		32,205,255
Purchased Options		862,481		425,975		—		1,288,456
Money Market Funds		30,343,637		—		—		30,343,637
U.S. Treasury Bills		—		184,131,172		—		184,131,172
Whole Loan
Consumer Loans (1)		—		—		40,821,295		40,821,295
Student Loans (1)		—		—		81,059		81,059
Total Whole Loans		—		—		40,902,354		40,902,354
Total Assets	$	74,366,202	$	355,452,783	$	117,992,864	$	547,811,849

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Notes to Financial Statements April 30, 2023 (Unaudited)

DESCRIPTION	LEVEL 1			LEVEL 2			LEVEL 3		TOTAL
Liabilities
Written Options	$	10,799,395		$	8,879		$	—	$	10,808,274
Total Liabilities	$	10,799,395		$	8,879		$	—	$	10,808,274
Other Financial Instruments*
Unrealized appreciation on forward currency contracts	$	—		$	2,554,846		$	—	$	2,554,846
Unrealized depreciation on forward currency contracts		—			(2,237,599	)		—		(2,237,599	)
Unrealized appreciation on futures contracts		2,826,928			—			—		2,826,928
Unrealized depreciation on futures contracts		(3,947,894	)		—			—		(3,947,894	)
Total	$	(1,120,966	)	$	317,247		$	—	$	(803,719	)

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

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

* 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 period ended April 30, 2023:

	HIGH YIELD REINSURANCE FUND
	EVENT-LINKED BONDS			PARTICIPATION NOTES			PREFERENCE SHARES
Beginning Balance—November 1, 2022	$	16,318,847		$	84,417,927		$	154,269,560
Acquisitions		14,318,000			67,541,938			14,039,000
Dispositions		(2,504,140	)		(78,346,031	)		—
Realized gain (loss)		(1,467,198	)		(361,381	)		—
Return of capital		—			—			(9,823,122	)
Change in unrealized appreciation (depreciation)		5,630,756			7,991,183			30,685,849
Transfers into Level 3		17,994,550			—			—
Transfers out of Level 3		(16,090,600	)		—			—
Ending Balance—April 30, 2023	$	34,200,215		$	81,243,636		$	189,171,287

	DIVERSIFIED ALTERNATIVES FUND
	ASSET- BACKED SECURITIES			WHOLE LOAN- CONSUMER LOANS			WHOLE LOAN- STUDENT LOANS			EVENT- LINKED BONDS			PARTICIPATION NOTES
Beginning Balance—November 1, 2022	$	35,736,155		$	50,050,633		$	99,046		$	—		$	—
Acquisitions		6,384,039			2,872,923			128			3,924,589			32,186,801
Dispositions		(17,531	)		(7,919,129	)		(16,960	)		—			—
Realized gain (loss)		5,406			(766,439	)		398			—			—
Return of capital		(841,572	)		—			—			—			—
Change in unrealized appreciation (depreciation)		(218,178	)		(3,416,693	)		(1,553	)		(87,653	)		18,454
Transfers into Level 3		—			—			—			—			—
Transfers out of Level 3		—			—			—			—			—
Ending Balance—April 30, 2023	$	41,048,319		$	40,821,295		$	81,059		$	3,836,936		$	32,205,255

As of April 30, 2023, the change in unrealized appreciation (depreciation) on Level 3 positions still held in the High Yield Reinsurance Fund was $996,715 for Event-Linked Bonds, $10,094,623 for Participation Notes, and $30,685,849 for Preference Shares. As of April 30, 2023, the change in unrealized appreciation (depreciation) on positions still held in the Diversified Alternatives Fund was $(218,178) for Asset-Backed Securities, $(4,072,423) for Whole Loan- Consumer Loans, $(1,384) for Whole Loan- Student Loans, $(87,653) for Event-Linked Bonds and $18,454 for Participation Notes.

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 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

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152

Notes to Financial Statements April 30, 2023 (Unaudited)

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 April 30, 2023.

High Yield Reinsurance Fund

TYPE OF SECURITY	INDUSTRY	FAIR VALUE AT 4/30/23		VALUATION TECHNIQUES	UNOBSERVABLE INPUTS	RANGE	WEIGHTED AVERAGE(1)
Participation Notes	Financial Services	$	70,954,156	Insurance industry model	Estimated losses: Estimated premium earned:	$0.0MM-$10.0MM $0.3MM-$10.7MM	$4.3MM $9.1MM
Preference Shares	Financial Services	$	164,876,014	Insurance industry model	Estimated losses: Estimated premium earned:	$0.1MM-$37.0MM $0.0MM-$38.5MM	$6.9MM $15.8MM

The Level 3 securities listed above were fair valued by the Adviser Valuation Committee using an insurance industry model pursuant to procedures approved by the Board of Trustees. Other Level 3 securities not listed above were fair valued by the Adviser Valuation Committee using indicative bids pursuant to procedures approved by the Board of Trustees and have a value equal to $34,200,215 for Event-Linked Bonds, $10,289,480 for Participation Notes, and $24,295,273 for Preference Shares

Diversified Alternatives Fund

TYPE OF SECURITY	INDUSTRY	FAIR VALUE AT 4/30/2023		VALUATION TECHNIQUES	UNOBSERVABLE INPUTS	RANGE	WEIGHTED AVERAGE(1)
Asset-Backed Securities	Financial Services	$	41,048,319	Discounted Cash Flow	Constant Prepayment Rate Constant Default Rate Severity Discount Rate	0.00%-28.66% 0.00%-33.84% 82.79%-100.00% 6.79%-16.80%	7.99% 7.77% 92.24% 9.59%
Participation Notes	Financial Services	$	31,717,529	Insurance industry model	Estimated losses: Estimated premium earned:	$0.5MM-$5.7MM $0.4MM-$11.5MM	$4.6MM $9.3MM
Whole Loans—Consumer Loans	Financial Services	$	40,821,295	Discounted Cash Flow	Loss-Adjusted Discounted Rate Projected Loss Rate	10.21%-11.07% 18.59%-21.01%	10.69% 19.95%
Whole Loans—Student Loans	Financial Services	$	81,059	Discounted Cash Flow	Loss-Adjusted Discounted Rate Projected Loss Rate	4.63%-14.63% 1.74%-36.25%	10.58% 16.24%

The Level 3 securities listed above were fair valued by the Adviser Valuation Committee using an insurance industry model pursuant to procedures approved by the Board of Trustees. Other Level 3 securities not listed above were fair valued by the Adviser Valuation Committee using indicative bids pursuant to procedures approved by the Board of Trustees and have a value equal to $3,836,936 for Event-Linked Bonds and $487,726 for Participation Notes.

(1) Weighted by relative fair value.

Derivative Transactions — The Funds may engage in derivatives for hedging and speculative purposes during the period ended April 30, 2023. The Diversified Alternatives Fund also engaged in derivatives to generate income from premiums. The Diversified Alternatives Fund’s use of derivatives during the period ended April 30, 2023 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 period ended April 30, 2023. The High Yield Reinsurance Fund and Diversified Alternatives Fund may

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153

Notes to Financial Statements April 30, 2023 (Unaudited)

use futures contracts to hedge interest rate and foreign exchange rate exposure. With futures, there is minimal counterparty credit risk to the Funds 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 and included in Collateral held at Broker on the Consolidated Statement of Assets and Liabilities of Diversified Alternatives Fund. 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 period ended April 30, 2023, was as follows:

	DIVERSIFIED ALTERNATIVES FUND
Total long futures contracts	$	237,822,106
Total short futures contracts		177,207,140

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 Diversified Alternatives Fund purchased and wrote call or put options during the period ended April 30, 2023. 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 period ended April 30, 2023, were as follows:

	DIVERSIFIED ALTERNATIVES FUND
Purchased Options	$	477,925
Written Options		13,994,167

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”

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Notes to Financial Statements April 30, 2023 (Unaudited)

of securities representing a particular index). Other types of swap agreements may calculate the obligations of the parties to the 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 period ended April 30, 2023, was $3,291,775 for long contracts and $0 for short contracts.

Forward Currency Contracts — The Funds may enter into forward currency contracts. The Diversified Alternatives Fund entered into forward currency contracts during the period ended April 30, 2023. 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 period ended April 30, 2023 was $162,784,103 for long contracts and $244,697,224 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
Diversified Alternatives Fund
Forwards
Foreign exchange contracts	Unrealized appreciation on forward currency contracts	$	2,554,846
Futures
Commodity contracts	Net assets—Unrealized appreciation*		1,406,581
Equity contracts	Net assets—Unrealized appreciation*		1,156,241
Foreign exchange contracts	Net assets—Unrealized appreciation*		264,106
Options
Commodity contracts	Investments, at fair value		486,564
Equity contracts	Investments, at fair value		562,270
Foreign exchange contracts	Investments, at fair value		239,622

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

	LIABILITY DERIVATIVES
	STATEMENT OF ASSETS AND LIABILITIES LOCATION	FAIR VALUE
Diversified Alternatives Fund
Forwards
Foreign exchange contracts	Unrealized depreciation on forward currency contracts	$	2,237,599
Futures
Commodity contracts	Net assets—Unrealized depreciation*		1,988,203
Equity contracts	Net assets—Unrealized depreciation*		1,811,131
Foreign exchange contracts	Net assets—Unrealized depreciation*		148,560

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Notes to Financial Statements April 30, 2023 (Unaudited)

		LIABILITY DERIVATIVES
	STATEMENT OF ASSETS AND LIABILITIES LOCATION	FAIR VALUE
Written options
Commodity contracts	Written options, at fair value		$7,974,238
Equity contracts	Written options, at fair value		381,085
Foreign exchange contracts	Written options, at fair value		2,452,951

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

The tables below reflect the effect of derivative instruments on the Statement of Operations for the period ended April 30, 2023.

AMOUNT OF REALIZED GAIN ON DERIVATIVES TRANSACTIONS
	FORWARD CURRENCY CONTRACTS			FUTURES CONTRACTS			PURCHASED OPTIONS*		WRITTEN OPTIONS		SWAP CONTRACTS		TOTAL
Diversified Alternatives Fund
Commodity contracts	$	—		$	(39,345,347	)	$	—	$	58,347,069	$	—	$	19,001,722
Equity contracts		—			(3,125,676	)		1,506,808		12,595,194		—		10,976,326
Foreign exchange contracts		(4,259,914	)		(19,149,550	)		64,853		22,384,279		5,645,465		4,685,133
Interest rate contracts		—			—			—		—		—		—

* Realized gains (losses) on purchased options are included in realized gain (loss) on investments in unaffiliated issuers on the Consolidated Statement of Operations.

CHANGE IN UNREALIZED APPRECIATION OR (DEPRECIATION) ON DERIVATIVES TRANSACTIONS
	FORWARD CURRENCY CONTRACTS		FUTURES CONTRACTS			PURCHASED OPTIONS*			WRITTEN OPTIONS			SWAP CONTRACTS			TOTAL
Diversified Alternatives Fund
Commodity contracts	$	—	$	(58,860	)	$	122,431		$	1,762,336			—		$	1,825,907
Equity contracts		—		(545,331	)		(435,449	)		(252,931	)		—			(1,233,711	)
Foreign exchange contracts		3,659,964		581,303			(565,362	)		(289,357	)		(1,305,171	)		2,081,377
Interest rate contracts		—		—			—			—			—			—

* Change in unrealized appreciation (depreciation) on purchased options are included in change in unrealized appreciation (depreciation) on investments in unaffiliated issuers on the Consolidated Statement of Operations.

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.

(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

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156

Notes to Financial Statements April 30, 2023 (Unaudited)

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.

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	$	5,000,000	$	—	$	5,000,000	$	—	$	(5,000,000	)	$	—
	$	5,000,000	$	—	$	5,000,000	$	—	$	(5,000,000	)	$	—

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 RECEIVED*		NET AMOUNT
Forward Currency Contracts	$	2,554,846	$	—	$	2,554,846	$	(2,237,599	)	$	317,247	$	—
	$	2,554,846	$	—	$	2,554,846	$	(2,237,599	)	$	317,247	$	—
LIABILITIES:	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		FINANCIAL INSTRUMENTS			COLLATERAL PLEDGED*		NET AMOUNT
Forward Currency Contracts	$	2,237,599	$	—	$	2,237,599	$	(2,237,599	)	$	—	$	—
	$	2,237,599	$	—	$	2,237,599	$	(2,237,599	)	$	—	$	—

* The collateral amounts may exceed the related net amounts of financial assets and liabilities presented in the statement of assets and liabilities. If this is the case, the total amount reported is limited to the net amounts of financial assets and liabilities with that counterparty.

(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.

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Notes to Financial Statements April 30, 2023 (Unaudited)

(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 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 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	$	—	$	5,000,000	$	—	$	—	$	5,000,000
Total	$	—	$	5,000,000	$	—	$	—	$	5,000,000

(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.

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Notes to Financial Statements April 30, 2023 (Unaudited)

(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.

(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 period ended April 30, 2023 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

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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 April 30, 2023, there was no cash segregated for the purchase of whole loans.

(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.

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Notes to Financial Statements April 30, 2023 (Unaudited)

(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.

(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 Funds 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 Funds will normally invest a significant amount of their assets in non-U.S. entities. Accordingly, the Funds may invest without limitation in securities issued by non-U.S. entities, including those in emerging market countries. Certain SPVs in which the Funds invest 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, and the Diversified Alternatives Fund’s reinsurance investments will consist primarily of event-linked bonds and Quota Share Notes, in each case that provide the relevant 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 Funds’ 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 Funds’ 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 the High Yield Reinsurance Fund’s 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.

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Notes to Financial Statements April 30, 2023 (Unaudited)

(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 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 Diversified Alternatives Fund 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 the 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 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 December 2022, the FASB issued Accounting Standards Update 2022-06, Reference Rate Reform (Topic 848), Deferral of the Sunset Date of 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 2022-06 is effective for certain reference rate-related contract modifications that occur during the period from March 12, 2020 through December 31, 2024. Management is evaluating the impact of ASU 2020-04 and ASU 2022-06 on the Fund’s investments, derivatives, debt and other contracts that will undergo reference rate-related modifications as a result of the reference rate reform. Management is also currently actively working with other financial institutions and counterparties to modify contracts as required by applicable regulation and within regulatory deadlines.

(z) Market Volatility. The value of the securities in the Funds may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be short- or long-term. Local, regional or global events such as war (e.g., Russia’s invasion of Ukraine), acts of terrorism, the spread of infectious illness or other public health issues, recessions, bank failures and receiverships, or other events could have a significant impact on the Funds and their investments, including hampering the ability of the Adviser to invest the Funds’ assets as intended.

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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Notes to Financial Statements April 30, 2023 (Unaudited)

For the year 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	$	—		$	—
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			DIVERSIFIED ALTERNATIVES FUND
Tax cost of investments	$	1,797,476,526		$	481,971,258
Unrealized appreciation		7,212,605			3,206,504
Unrealized depreciation		(236,672,913	)		(43,655,518	)
Net unrealized appreciation (depreciation)		(229,460,308	)		(40,449,014	)
Undistributed ordinary income		12,600,379			4,488,274
Undistributed long-term gain (capital loss carryover)		(107,450,031	)		(53,341,879	)
Distributable earnings		(94,849,652	)		(48,853,605	)
Other accumulated earnings (loss)		12,238,399			1,383,101
Total accumulated gain (loss)	$	(312,071,561	)	$	(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
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
Diversified Alternatives Fund		825,885		—		—		825,885

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	)
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.

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Notes to Financial Statements April 30, 2023 (Unaudited)

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(period) 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 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, 2024 for the High Yield Reinsurance 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 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 Fund’s business collectively, the (“Excluded Expenses”) solely to the extent necessary to limit the Fund’s 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). Through February 28, 2024 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 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 April 30, 2023, 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)		REMAINING AMOUNT TO BE RECOUPED (EXPIRING BY APRIL 30, 2026)
High Yield Reinsurance Fund	$	388,257	$	563,960	$	132,771	$	—
Diversified Alternatives Fund		287,870		1,388,393		1,046,965		317,382

(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.

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Notes to Financial Statements April 30, 2023 (Unaudited)

(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, intermediary fees may be paid pursuant to a Distribution Plan (“12b-1 Plan”) adopted by the Fund with respect to its Class M shares, at the maximum annual rate of 0.15% of the Fund’s average daily net assets attributable to Class M. These fees are paid out of the 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 the Fund’s Class M shares’ assets on an ongoing basis, over time these fees will increase the cost of a shareholder’s 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 the Fund will bear such expenses. For Class I shares of the 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 a shareholder’s 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 Class I shares, the Adviser pays all intermediary fees. For the period ended April 30, 2023 intermediary fees of $48,916 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 period April 30, 2023, aggregate purchases and sales of securities (excluding short-term securities) by the Funds were as follows:

	HIGH YIELD REINSURANCE FUND		DIVERSIFIED ALTERNATIVES FUND
Purchases	$	378,587,016	$	252,878,933
Sales		397,949,304		212,953,619
U.S. Government Security Purchases		—		—
U.S. Government Security Sales		—		—

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Notes to Financial Statements April 30, 2023 (Unaudited)

8. Capital Share Transactions

HIGH YIELD REINSURANCE FUND - CLASS I	PERIOD ENDED APRIL 30, 2023			YEAR ENDED OCTOBER 31, 2022
Shares sold		59,070,537			80,073,730
Shares issued to holders in reinvestment of dividends		3,345,812			3,820,392
Shares redeemed		(55,257,069	)		(49,108,633	)
Net increase in shares		7,159,280			34,785,489
Shares outstanding:
Beginning of year		175,664,118			140,878,629
End of year		182,823,398			175,664,118
HIGH YIELD REINSURANCE FUND - CLASS M	PERIOD ENDED APRIL 30, 2023			YEAR ENDED OCTOBER 31, 2022
Shares sold		1,427,036			4,741,692
Shares issued to holders in reinvestment of dividends		388,006			580,109
Shares redeemed		(7,414,539	)		(6,160,269	)
Net increase (decrease) in shares		(5,599,497	)		(838,468	)
Shares outstanding:
Beginning of year		15,622,799			16,461,267
End of year		10,023,302			15,622,799
DIVERSIFIED ALTERNATIVES FUND - CLASS I	PERIOD ENDED APRIL 30, 2023			YEAR ENDED OCTOBER 31, 2022
Shares sold		8,023,218			30,712,516
Shares issued to holders in reinvestment of dividends		1,174,620			1,457,004
Shares redeemed		(4,450,232	)		(8,616,572	)
Net increase in shares		4,747,606			23,552,948
Shares outstanding:
Beginning of period		41,548,599			17,995,651
End of year		46,296,205			41,548,599
DIVERSIFIED ALTERNATIVES FUND - CLASS J	PERIOD ENDED APRIL 30, 2023			YEAR ENDED OCTOBER 31, 2022
Shares sold		284,229			2,318,941
Shares issued to holders in reinvestment of dividends		88,391			94,234
Shares redeemed		(328,105	)		(447,584	)
Net increase in shares		44,515			1,965,591
Shares outstanding:
Beginning of period		3,141,292			1,175,701
End of year		3,185,807			3,141,292

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Notes to Financial Statements April 30, 2023 (Unaudited)

9. Transactions with Affiliate

The following is a summary of transactions during the period ended April 30, 2023 in which the issuer was an affiliate of the Fund as defined in Section (2)(a)(3) of the 1940 Act:

DIVERSIFIED ALTERNATIVES FUND(1)
STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM—CLASS I
November 1, 2022 Balance
Shares		24,493,586
Cost	$	218,424,974
Additions
Shares		4,385,237
Cost	$	36,812,861
Reductions(2)
Shares		23,883,443
Cost	$	213,598,744
April 30, 2023 Balance
Shares		4,995,380
Cost	$	41,639,091
Value	$	43,160,084
Dividend Income	$	8,000,447
Realized Gain/(Loss)	$	(8,598,744	)
Change in Unrealized Appreciation	$	21,792,856

(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.

(2) On April 21, 2023, the Diversified Alternatives Fund redeemed 20,348,837 shares of the High Yield Reinsurance Fund with a value of $175,000,000. The redemption was satisfied with a cash payment in the amount of $2,693,668 and an in kind payment of securities that had a value of $172,306,332. The Diversified Alternatives Fund recorded a realized loss of $6,269,824 on the in kind redemption, which is included in net realized loss on Investments Affiliated issuers on the Consolidated Statement of Operation.

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 period ended April 30, 2023, the High Yield Reinsurance Fund’s maximum borrowing was $36,500,000 and average borrowing was $9,368,488. This borrowing resulted in interest expenses of $270,476 at a weighted average interest rate of 5.79% and is included in the High Yield Reinsurance Fund’s Statement of Operations. As of April 30, 2023, the High Yield Reinsurance Fund had an outstanding balance of $5,000,000.

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 with U.S. Bank National Association, 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). The Funds did not borrow from the umbrella line of credit during the period ended April 30, 2023.

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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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 November 1, 2022 through April 30, 2023.

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 NOVEMBER 1, 2022		ENDING ACCOUNT VALUE APRIL 30, 2023		EXPENSES PAID DURING PERIOD* NOVEMBER 1, 2022 – APRIL 30, 2023
Actual	$	1,000.00	$	1,107.50	$	9.14
Hypothetical (5% annual return before expenses)	$	1,000.00	$	1,016.12	$	8.75

* Expenses are equal to the share class’s annualized six-month expense ratio of 1.75%, multiplied by the average account value over the period, multiplied by 181/365 to reflect the partial year period.

Stone Ridge High Yield Reinsurance Risk Premium Fund — Class M

	BEGINNING ACCOUNT VALUE NOVEMBER 1, 2022		ENDING ACCOUNT VALUE APRIL 30, 2023		EXPENSES PAID DURING PERIOD* NOVEMBER 1, 2022 – APRIL 30, 2023
Actual	$	1,000.00	$	1,107.10	$	9.61
Hypothetical (5% annual return before expenses) before expenses)	$	1,000.00	$	1,015.67	$	9.20

* Expenses are equal to the share class’s annualized six-month expense ratio of 1.84%, multiplied by the average account value over the period, multiplied by 181/365 to reflect the partial year period.

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Expense Examples (Unaudited)

Stone Ridge Diversified Alternatives Fund — Class I

	BEGINNING ACCOUNT VALUE NOVEMBER 1, 2022		ENDING ACCOUNT VALUE APRIL 30, 2023		EXPENSES PAID DURING PERIOD* NOVEMBER 1, 2022 – APRIL 30, 2023
Actual	$	1,000.00	$	1,126.20	$	7.54
Hypothetical (5% annual return before expenses)	$	1,000.00	$	1,017.70	$	7.15

* Expenses are equal to the share class’s annualized six-month expense ratio of 1.43%, multiplied by the average account value over the period, multiplied by 181/365 to reflect the partial year period.

Stone Ridge Diversified Alternatives Fund — Class J

	BEGINNING ACCOUNT VALUE NOVEMBER 1, 2022		ENDING ACCOUNT VALUE APRIL 30, 2023		EXPENSES PAID DURING PERIOD* NOVEMBER 1, 2022 – APRIL 30, 2023
Actual	$	1,000.00	$	1,123.80	$	9.11
Hypothetical (5% annual return before expenses)	$	1,000.00	$	1,016.22	$	8.65

* Expenses are equal to the share class’s annualized six-month expense ratio of 1.73%, multiplied by the average account value over the period, multiplied by 181/365 to reflect the partial year period.

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Additional Information (Unaudited)

1. 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%
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%
Diversified Alternatives Fund		0.00%

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%
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%
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, was made in conjunction with shareholders’ year-end tax reporting and was made available in February 2023. Shareholders are advised to consult their own tax advisors with respect to the tax consequences of their investment in the Fund.

2. 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.

3. 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.

4. 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.

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Additional Information (Unaudited)

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, 2022, through April 30, 2023, 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.

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Investment Adviser

Stone Ridge Asset Management LLC

One Vanderbilt Avenue, 65th Floor

New York, NY 10017

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   SQSEMI

(b) Not applicable.

Item 2. Code of Ethics.

Not applicable for semi-annual reports.

Item 3. Audit Committee Financial Expert.

Not applicable for semi-annual reports.

Item 4. Principal Accountant Fees and Services.

Not applicable for semi-annual reports.

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.

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 providers.

(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. Not applicable.

(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 to open-end investment companies.

(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.

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

2

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 7/7/23

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 7/7/23

By (Signature and Title)         /s/ Anthony Zuco

Anthony Zuco, Treasurer, Principal Financial Officer, Chief Financial Officer and Chief Accounting Officer

Date 7/7/23

3