# EDGAR Filing Document

**Accession Number:** 0001559992
**File Stem:** 0001193125-23-004669
**Filing Date:** 2023-1
**Character Count:** 1080797
**Document Hash:** 703906bf685b9406cac212a24ad3a9a7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-23-004669.hdr.sgml**: 20230109

**ACCESSION NUMBER**: 0001193125-23-004669

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 10

**CONFORMED PERIOD OF REPORT**: 20221031

**FILED AS OF DATE**: 20230109

**DATE AS OF CHANGE**: 20230109

**EFFECTIVENESS DATE**: 20230109

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** STONE RIDGE TRUST
- **CENTRAL INDEX KEY:** 0001559992
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22761
- **FILM NUMBER:** 23517835

**BUSINESS ADDRESS:**
- **BUSINESS PHONE:** 855-609-3680

**MAIL ADDRESS:**
- **STREET 1:** ONE VANDERBILT AVENUE
- **STREET 2:** 65TH FL.
- **CITY:** NEW YORK
- **STATE:** NY
- **ZIP:** 10017

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Stone Ridge Trust
- **DATE OF NAME CHANGE:** 20121010

## Series and Classes Contracts Data

### Stone Ridge High Yield Reinsurance Risk Premium Fund (Series ID: S000039565)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000122023 | Class I      | SHRIX           |
| C000122024 | Class M      | SHRMX           |

### Stone Ridge U.S. Hedged Equity Fund (Series ID: S000040450)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000125634 | Class I      | VRLIX           |
| C000125635 | Class M      | VRLMX           |

### Stone Ridge Diversified Alternatives Fund (Series ID: S000068675)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000219644 | Class J      | SRDBX           |
| C000219645 | Class I      | SRDAX           |

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR** 

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED** 

**MANAGEMENT INVESTMENT COMPANIES** 

**<u>811-22761</u>**

Investment Company Act file number

**<u>Stone Ridge Trust</u>**

(Exact name of registrant as specified in charter)

**<u>One Vanderbilt Avenue, 65<sup>th</sup> Floor</u>**

**<u>New York, New York 10017</u>**

(Address of principal executive offices) (Zip code)

**<u>Stone Ridge Asset Management LLC</u>**

**<u>One Vanderbilt Avenue, 65<sup>th</sup> Floor</u>**

**<u>New York, New York 10017</u>**

(Name and address of agent for service)

**<u>(855) 609-3680</u>**

Registrant's telephone number, including area code

Date of fiscal year end: **<u>October</u> <u>31, 2022</u>**

Date of reporting period: **<u>October</u> <u>31, 2022</u>**

------

**<u>Item 1. Reports to Stockholders.</u>** 

(a) ------

## Annual Report
October 31, 2022

![LOGO](g485702g12m26.jpg)

Stone Ridge High Yield Reinsurance Risk Premium Fund

Stone Ridge U.S. Hedged Equity Fund

Stone Ridge Diversified Alternatives Fund

------

## **Table of Contents**

------

---

| | |
|:---|:---|
| [Portfolio Holdings Presentation (Unaudited)](#toc485702_2) | 5 |
| [Schedules of Investments](#toc485702_3) |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Stone Ridge High Yield Reinsurance Risk Premium Fund](#toc485702_4) | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Stone Ridge U.S. Hedged Equity Fund](#toc485702_5) | 20 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; [Stone Ridge Diversified Alternatives Fund](#toc485702_6) | 22 |
| [Financial Statements and Notes](#toc485702_7) | 133 |
| [Report of Independent Registered Public Accounting Firm](#toc485702_8) | 171 |
| [Expense Examples (Unaudited)](#toc485702_9) | 173 |
| [Additional Information (Unaudited)](#toc485702_10) | 175 |

---

------

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

**PERFORMANCE DATA (Unaudited)**

![LOGO](g485702g38f53.jpg)

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

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

---

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

---

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**2** 

------

**STONE RIDGE U.S. HEDGED EQUITY FUND**

**PERFORMANCE DATA (Unaudited)**

![LOGO](g485702g32o11.jpg)

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

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

---

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

---

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**3** 

------

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

**PERFORMANCE DATA (Unaudited)**

![LOGO](g485702g00a00.jpg)

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

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

---

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

---

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**4** 

------

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

---

| | | |
|:---|:---|:---|
| **STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND PORTFOLIO ALLOCATION BY YEAR OF SCHEDULED MATURITY** | **STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND PORTFOLIO ALLOCATION BY YEAR OF SCHEDULED MATURITY** | **STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND PORTFOLIO ALLOCATION BY YEAR OF SCHEDULED MATURITY** |
| 2022 | $54516561 | 3.5% |
| 2023 | 271077441 | 17.5% |
| 2024 | 405128078 | 26.2% |
| 2025 | 395429637 | 25.6% |
| 2026 | 161503983 | 10.4% |
| 2027 | 15846020 | 1.0% |
| 2028 | 25379199 | 1.6% |
| 2029 | 65917328 | 4.3% |
| 2030 | 16717588 | 1.1% |
| Not Applicable<sup>(1)</sup> | 154269560 | 10.0% |
| Other<sup>(2)</sup> | (18428014) | (1.2%) |
|  | $1547357381 |  |

---

---

| | | |
|:---|:---|:---|
| **STONE RIDGE U.S. HEDGED EQUITY FUND PORTFOLIO ALLOCATION BY ASSET TYPE** | **STONE RIDGE U.S. HEDGED EQUITY FUND PORTFOLIO ALLOCATION BY ASSET TYPE** | **STONE RIDGE U.S. HEDGED EQUITY FUND PORTFOLIO ALLOCATION BY ASSET TYPE** |
| Purchased Options | $760 | 0.0% |
| Short-Term Investments | 30066759 | 101.6% |
| Liabilities in Excess of Other Assets<sup>(3)</sup> | (483334) | (1.6%) |
|  | $29584185 |  |

---

---

| | | |
|:---|:---|:---|
| **STONE RIDGE DIVERSIFIED ALTERNATIVES FUND PORTFOLIO ALLOCATION BY ASSET TYPE** | **STONE RIDGE DIVERSIFIED ALTERNATIVES FUND PORTFOLIO ALLOCATION BY ASSET TYPE** | **STONE RIDGE DIVERSIFIED ALTERNATIVES FUND PORTFOLIO ALLOCATION BY ASSET TYPE** |
| Asset-Backed Securities | $35736155 | 7.9% |
| Investment Companies | 198153111 | 43.9% |
| Purchased Options | 111450 | 0.0% |
| Short-Term Investments | 171093109 | 37.9% |
| Whole Loans - Consumer Loans | 50050633 | 11.1% |
| Whole Loans - Student Loans | 99046 | 0.0% |
| Other Liabilities in Excess of Assets<sup>(3)</sup> | (3650337) | (0.8%) |
|  | $451593167 |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) Preference shares do not have maturity dates.

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**5** 

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<u>Management's Discussion of Fund Performance</u>    

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

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**6** 

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<u>Management's Discussion of Fund Performance</u>    

**<u>DEFINITIONS</u>**

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

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

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

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

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

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

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

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

**<u>RISK DISCLOSURES</u>**

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**7** 

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<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **EVENT LINKED BONDS - 85.8%** | **EVENT LINKED BONDS - 85.8%** | **EVENT LINKED BONDS - 85.8%** |
| **Europe - 0.3%** | **Europe - 0.3%** | **Europe - 0.3%** |
| **Earthquake - 0.0% (a)** | **Earthquake - 0.0% (a)** | **Earthquake - 0.0% (a)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Azzurro Re II Class A <br>(3 Month Euribor + 4.760%), 01/17/2024 (b)(c)(d)(e) (Cost: $487,485; Original Acquisition Date: 07/06/2020) | EUR 431,000 | $**422017** |
| **Terrorism - 0.2%** | **Terrorism - 0.2%** | **Terrorism - 0.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Baltic PCC 2022-1 Class A <br>(T-Bill 3 Month + 5.500%),<br>03/07/2025 (b)(c)(d)(e) (Cost: $2,345,090; Original Acquisition Date: 03/02/2022) | GBP 1,750,000 | **1916593** |
| **Windstorm - 0.1%** | **Windstorm - 0.1%** | **Windstorm - 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Hexagon III Re Pte. Class B <br>(3 Month Euribor + 11.000%), 01/15/2026 (b)(c)(d)(e)<br>(Cost: $2,250,098; Original Acquisition Date: 11/23/2021) | EUR 2,000,000 | **1853067** |
|  |  | **4191677** |
| **Global - 13.5%** | **Global - 13.5%** | **Global - 13.5%** |
| **Earthquake - 0.1%** | **Earthquake - 0.1%** | **Earthquake - 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; IBRD CAR 123 Class A <br>(3 Month Libor USD + 5.500%),<br>12/02/2022 (b)(c)(d)(e)(f) (Cost: $1,812,255; Original Acquisition Date: 11/15/2019) | $1812000 | **1804299** |
| **Multiperil - 13.3%** | **Multiperil - 13.3%** | **Multiperil - 13.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; 2001 Cat Re 2020-1 Class A <br>(T-Bill 3 Month + 12.480%),<br>01/08/2024 (b)(c)(d)(e)(f) (Cost: $5,750,000; Original Acquisition Date: 11/13/2020) | 5750000 | 5609413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3264 Re 2020-1 Class A <br>(T-Bill 3 Month + 9.750%),<br>02/07/2023 (b)(c)(d)(e)(f) (Cost: $7,523,312; Original Acquisition Date: 03/02/2022) | 7500000 | 6975000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 3264 Re 2022-1 Class A <br>(T-Bill 3 Month + 19.000%),<br>01/08/2025 (b)(c)(d)(e) (Cost: $9,000,000; Original Acquisition Date: 12/16/2021) | 9000000 | 7425000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlas Capital 2020 DAC 2020-1<br>(T-Bill 3 Month + 8.300%),<br>06/10/2024 (b)(c)(d)(e)(g) (Cost: $7,865,000; Original Acquisition Date: 04/23/2020) | 7865000 | 7649892 |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlas Capital 2022 DAC 2022-1 Class A <br>(SOFR + 9.500%),<br>06/06/2025 (b)(c)(d)(e) (Cost: $19,000,000; Original Acquisition Date: 05/24/2022) | 19000000 | 18602900 |

---

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Multiperil - 13.3% (continued)** | **Multiperil - 13.3% (continued)** | **Multiperil - 13.3% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Atlas Capital UK 2019 PLC 2019-1<br>(3 Month Libor USD + 11.600%),<br>06/07/2023 (b)(c)(d)(e)(g) (Cost: $4,436,000; Original Acquisition Date: 05/24/2019) | $4436000 | $4295601 |
| &nbsp;&nbsp;&nbsp;&nbsp; Claveau Re 2021-1 Class A <br>(T-Bill 3 Month + 17.250%),<br>07/08/2025 (b)(c)(d)(e) (Cost: $10,000,000; Original Acquisition Date: 07/01/2021) | 10000000 | 8062500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Herbie Re 2021-1 Class A <br>(T-Bill 3 Month + 17.250%),<br>06/06/2025 (b)(c)(d)(e)(h) (Cost: $5,750,000; Original Acquisition Date: 05/19/2021) | 5750000 | 3163650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hypatia Ltd. 2020-1 Class A <br>(T-Bill 3 Month + 7.325%),<br>06/07/2023 (b)(c)(d)(e)(g) (Cost: $3,763,000; Original Acquisition Date: 07/10/2020) | 3763000 | 3629413 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hypatia Ltd. 2020-1 Class B <br>(T-Bill 3 Month + 10.275%),<br>06/07/2023 (b)(c)(d)(e) (Cost: $5,789,000; Original Acquisition Date: 07/10/2020) | 5789000 | 5456132 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kendall Re 2021-1 Class A <br>(T-Bill 3 Month + 4.000%),<br>05/02/2024 (b)(c)(d)(e) (Cost: $13,216,062; Original Acquisition Date: 04/19/2021) | 13250000 | 12319187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kendall Re 2021-1 Class B <br>(T-Bill 3 Month + 6.240%),<br>05/02/2024 (b)(c)(d)(e) (Cost: $8,500,000; Original Acquisition Date: 04/19/2021) | 8500000 | 7997650 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro III Re 2021-1 Class A-1 <br>(T-Bill 3 Month + 11.250%),<br>04/21/2025 (b)(c)(d)(e) (Cost: $8,256,977; Original Acquisition Date: 04/08/2021) | 8250000 | 7284750 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro III Re 2021-1 Class B-1 <br>(T-Bill 3 Month + 4.500%),<br>04/21/2025 (b)(c)(d)(e) (Cost: $2,500,000; Original Acquisition Date: 04/08/2021) | 2500000 | 2359375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro III Re 2021-1 Class C-1 <br>(T-Bill 3 Month + 4.250%),<br>04/21/2025 (b)(c)(d)(e) (Cost: $6,204,558; Original Acquisition Date: 04/28/2022) | 6250000 | 5938750 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro III Re 2021-2 Class A-2 <br>(T-Bill 3 Month + 11.250%),<br>04/20/2026 (b)(c)(d)(e)(g) (Cost: $6,750,000; Original Acquisition Date: 04/08/2021) | 6750000 | 5838750 |

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**8** 

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<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Multiperil - 13.3% (continued)** | **Multiperil - 13.3% (continued)** | **Multiperil - 13.3% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro III Re 2021-2 Class B-2 <br>(T-Bill 3 Month + 4.500%),<br>04/20/2026 (b)(c)(d)(e) (Cost: $3,000,000; Original Acquisition Date: 04/08/2021) | $3000000 | $2758950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro III Re 2021-2 Class C-2 <br>(T-Bill 3 Month + 4.250%),<br>04/20/2026 (b)(c)(d)(e)(g) (Cost: $2,750,000; Original Acquisition Date: 04/08/2021) | 2750000 | 2555712 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro III Re 2022-1 Class A <br>(T-Bill 3 Month + 5.250%),<br>06/25/2025 (b)(c)(d)(e) (Cost: $8,500,000; Original Acquisition Date: 06/15/2022) | 8500000 | 8419250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matterhorn Re Argon 2022-1 Class A <br>(SOFR + 7.250%),<br>01/25/2027 (b)(c)(d)(e) (Cost: $1,000,000; Original Acquisition Date: 03/31/2022) | 1000000 | 975351 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matterhorn Re Ltd 2020-2 Class A <br>(T-Bill 3 Month + 5.000%),<br>01/08/2024 (b)(c)(d)(e)(f) (Cost: $7,617,970; Original Acquisition Date: 01/29/2020) | 7701000 | 7397581 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matterhorn Re Ltd SR2022-1 Class B (SOFR + 7.750%),<br>03/24/2025 (b)(c)(d)(e) (Cost: $4,000,000; Original Acquisition Date: 03/10/2022) | 4000000 | 3680000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matterhorn Re SR2021-1 Class A <br>(SOFR + 5.750%),<br>12/07/2025 (b)(c)(d)(e) (Cost: $10,537,286; Original Acquisition Date: 12/15/2021) | 10739000 | 9788599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matterhorn Re SR2022-1 Class A <br>(SOFR + 5.315%),<br>03/24/2025 (b)(c)(d)(e) (Cost: $4,000,000; Original Acquisition Date: 03/10/2022) | 4000000 | 3828400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Montoya Re 2022-1 Class A <br>(T-Bill 3 Month + 6.750%),<br>04/07/2029 (b)(c)(d)(e) (Cost: $9,670,739; Original Acquisition Date: 03/23/2022) | 9674000 | 9298165 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northshore Re II 2019-1 Class A <br>(T-Bill 3 Month + 7.310%),<br>07/07/2023 (b)(c)(d)(e)(g) (Cost: $14,253,408; Original Acquisition Date: 03/24/2021) | 14095000 | 13922336 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sakura Re 2021-1 Class A <br>(T-Bill 3 Month + 2.250%),<br>04/07/2025 (b)(c)(d)(e)(f) (Cost: $6,250,000; Original Acquisition Date: 03/24/2021) | 6250000 | 6022813 |

---

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Multiperil - 13.3% (continued)** | **Multiperil - 13.3% (continued)** | **Multiperil - 13.3% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sakura Re 2021-1 Class B <br>(T-Bill 3 Month + 4.160%),<br>04/07/2025 (b)(c)(d)(e)(g) (Cost: $10,250,000; Original Acquisition Date: 03/24/2021) | $10250000 | $9916875 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vista Re 2021-1 Class A <br>(T-Bill 3 Month + 6.360%),<br>05/21/2024 (b)(c)(d)(e)(g) (Cost: $15,000,000; Original Acquisition Date: 04/26/2021) | 15000000 | 14418000 |
|  |  | **205589995** |
| **Windstorm - 0.1%** | **Windstorm - 0.1%** | **Windstorm - 0.1%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Northshore Re II 2022-1 Class A <br>(T-Bill 3 Month + 8.000%),<br>07/08/2025 (b)(c)(d)(e) (Cost: $2,000,000; Original Acquisition Date: 06/22/2022) | 2000000 | **1977100** |
|  |  | **209371394** |
| **Jamaica - 1.0%** | **Jamaica - 1.0%** | **Jamaica - 1.0%** |
| **Windstorm - 1.0%** | **Windstorm - 1.0%** | **Windstorm - 1.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; IBRD CAR 130<br>(SOFR Index + 4.400%),<br>12/29/2023 (b)(c)(d)(e) (Cost: $16,000,000; Original Acquisition Date: 07/19/2021) | 16000000 | **15765600** |
| **Japan - 4.2%** | **Japan - 4.2%** | **Japan - 4.2%** |
| **Earthquake - 3.5%** | **Earthquake - 3.5%** | **Earthquake - 3.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Kizuna Re III 2021-1 Class A <br>(T-Bill 3 Month + 2.000%),<br>04/07/2026 (b)(c)(d)(e)(f) (Cost: $2,000,000; Original Acquisition Date: 03/22/2021) | 2000000 | 1908600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nakama Re 2018-1 Class 1 <br>(3 Month Libor USD + 2.000%),<br>04/13/2023 (b)(c)(d)(e)(g) (Cost: $15,240,196; Original Acquisition Date: 02/22/2018) | 15256000 | 14609145 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nakama Re 2018-1 Class 2 <br>(3 Month Libor USD + 3.000%),<br>04/13/2023 (b)(c)(d)(e)(f)(g) (Cost: $6,631,722; Original Acquisition Date: 02/22/2018) | 6638000 | 6456451 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nakama Re 2020-1 Class 1 <br>(T-Bill 3 Month + 2.200%),<br>01/07/2025 (b)(c)(d)(e)(f) (Cost: $1,129,000; Original Acquisition Date: 02/04/2020) | 1129000 | 1095977 |
| &nbsp;&nbsp;&nbsp;&nbsp; Nakama Re Pte. 2021-1 Class 1 <br>(T-Bill 3 Month + 2.050%),<br>10/13/2026 (b)(c)(d)(e)(f)(g) (Cost: $22,000,000; Original Acquisition Date: 09/22/2021) | 22000000 | 20186100 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**9** 

------

<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Earthquake - 3.5% (continued)** | **Earthquake - 3.5% (continued)** | **Earthquake - 3.5% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Nakama Re Pte. 2021-1 Class 2 <br>(T-Bill 3 Month + 2.750%),<br>10/13/2026 (b)(c)(d)(e)(g) (Cost: $10,250,000; Original Acquisition Date: 09/22/2021) | $10250000 | $9408475 |
|  |  | **53664748** |
| **Multiperil - 0.3%** | **Multiperil - 0.3%** | **Multiperil - 0.3%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Tomoni Re Pte 2022-1 Class B-1 <br>(T-Bill 3 Month + 2.750%),<br>04/07/2030 (b)(c)(d)(e)(f) (Cost: $1,750,000; Original Acquisition Date: 03/28/2022) | 1750000 | 1696537 |
| &nbsp;&nbsp;&nbsp;&nbsp; Umigame Re 2021-1 Class A-1 <br>(T-Bill 3 Month + 2.250%),<br>04/07/2025 (b)(c)(d)(e)(f) (Cost: $1,750,000; Original Acquisition Date: 06/18/2021) | 1750000 | 1690063 |
| &nbsp;&nbsp;&nbsp;&nbsp; Umigame Re 2021-1 Class A-2 <br>(T-Bill 3 Month + 2.500%),<br>04/07/2025 (b)(c)(d)(e)(f) (Cost: $1,000,000; Original Acquisition Date: 06/18/2021) | 1000000 | 965800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Umigame Re 2021-1 Class B <br>(T-Bill 3 Month + 4.750%),<br>04/07/2025 (b)(c)(d)(e)(f) (Cost: $750,000; Original Acquisition Date: 06/18/2021) | 750000 | 718163 |
|  |  | **5070563** |
| **Typhoon - 0.4%** | **Typhoon - 0.4%** | **Typhoon - 0.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Black Kite Re 2022-1 Class A <br>(T-Bill 3 Month + 6.900%),<br>06/09/2025 (b)(c)(d)(e) (Cost: $5,500,000; Original Acquisition Date: 05/27/2022) | 5500000 | **5491750** |
|  |  | **64227061** |
| **Mexico - 1.1%** | **Mexico - 1.1%** | **Mexico - 1.1%** |
| **Earthquake - 0.6%** | **Earthquake - 0.6%** | **Earthquake - 0.6%** |
| &nbsp;&nbsp;&nbsp;&nbsp; IBRD CAR 125 Class A <br>(3 Month Libor USD + 3.500%),<br>03/13/2024 (b)(c)(d)(e)(f) (Cost: $7,008,374; Original Acquisition Date: 02/28/2020) | 7006000 | 6930335 |
| &nbsp;&nbsp;&nbsp;&nbsp; IBRD CAR 126 Class B <br>(3 Month Libor USD + 9.000%),<br>03/13/2024 (b)(c)(d)(e)(f) (Cost: $3,121,226; Original Acquisition Date: 02/28/2020) | 3111000 | 3048780 |
|  |  | **9979115** |

---

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Windstorm - 0.5%** | **Windstorm - 0.5%** | **Windstorm - 0.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp; IBRD CAR 127 Class C <br>(3 Month Libor USD + 10.000%),<br>03/13/2024 (b)(c)(d)(e)(f) (Cost: $7,539,241; Original Acquisition Date: 02/28/2020) | $7521000 | $**7472114** |
|  |  | **17451229** |
| **United States - 65.7%** | **United States - 65.7%** | **United States - 65.7%** |
| **Earthquake - 13.8%** | **Earthquake - 13.8%** | **Earthquake - 13.8%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Acorn Re 2021-1 Class A <br>(T-Bill 3 Month + 2.500%),<br>11/07/2024 (b)(c)(d)(e)(f) (Cost: $17,989,042; Original Acquisition Date: 10/25/2021) | 18285000 | 17059905 |
| &nbsp;&nbsp;&nbsp;&nbsp; Logistics Re 2021-1 Class A <br>(T-Bill 3 Month + 3.500%),<br>12/20/2024 (b)(c)(d)(e)(f) (Cost: $4,237,602; Original Acquisition Date: 12/10/2021) | 4250000 | 4126962 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merna Re II 2021-1 Class A <br>(T-Bill 3 Month + 3.930%),<br>04/05/2024 (b)(c)(d)(e)(f)(g) (Cost: $3,500,000; Original Acquisition Date: 03/26/2021) | 3500000 | 3433850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merna Re II 2022-1 Class A <br>(SOFR + 3.750%),<br>04/07/2025 (b)(c)(d)(e)(f) (Cost: $10,000,000; Original Acquisition Date: 03/25/2022) | 10000000 | 9625000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phoenician Re 2020-1 Class A <br>(T-Bill 3 Month + 3.016%),<br>12/14/2023 (b)(c)(d)(e)(g) (Cost: $5,000,000; Original Acquisition Date: 11/24/2020) | 5000000 | 4871500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phoenician Re 2020-2 Class A <br>(T-Bill 3 Month + 2.924%),<br>12/14/2023 (b)(c)(d)(e)(g) (Cost: $3,000,000; Original Acquisition Date: 12/08/2020) | 3000000 | 2921250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phoenician Re 2021-1 Class A <br>(T-Bill 3 Month + 2.500%),<br>12/14/2028 (b)(c)(d)(e) (Cost: $6,833,398; Original Acquisition Date: 12/01/2021) | 6916000 | 6424618 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sierra 2020-1 Class A <br>(T-Bill 3 Month + 3.250%),<br>12/28/2022 (b)(c)(d)(e)(f) (Cost: $2,000,000; Original Acquisition Date: 12/20/2019) | 2000000 | 1957100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sierra 2020-1 Class B <br>(T-Bill 3 Month + 5.750%),<br>12/28/2022 (b)(c)(d)(e)(f) (Cost: $3,750,000; Original Acquisition Date: 12/20/2019) | 3750000 | 3658875 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sierra 2021-1 Class A <br>(T-Bill 3 Month + 2.700%),<br>01/31/2024 (b)(c)(d)(e)(g) (Cost: $4,002,688; Original Acquisition Date: 01/25/2021) | 4054000 | 3880286 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**10** 

------

<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Earthquake - 13.8% (continued)** | **Earthquake - 13.8% (continued)** | **Earthquake - 13.8% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sierra 2021-1 Class B <br>(T-Bill 3 Month + 4.750%),<br>01/31/2024 (b)(c)(d)(e) (Cost: $1,000,000; Original Acquisition Date: 01/25/2021) | $1000000 | $957050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sutter Re 2020-1 Class A <br>(T-Bill 3 Month + 5.000%),<br>05/23/2023 (b)(c)(d)(e)(g) (Cost: $8,057,697; Original Acquisition Date: 01/11/2022) | 8000000 | 7728400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sutter Re 2020-1 Class F <br>(T-Bill 3 Month + 8.500%),<br>05/23/2023 (b)(c)(d)(e) (Cost: $3,749,028; Original Acquisition Date: 10/04/2022) | 3920000 | 3733016 |
| &nbsp;&nbsp;&nbsp;&nbsp; Torrey Pines Re 2021-1 Class A <br>(T-Bill 3 Month + 4.000%),<br>06/07/2024 (b)(c)(d)(e)(g) (Cost: $11,191,077; Original Acquisition Date: 03/12/2021) | 11200000 | 10657360 |
| &nbsp;&nbsp;&nbsp;&nbsp; Torrey Pines Re 2021-1 Class B <br>(T-Bill 3 Month + 4.770%),<br>06/07/2024 (b)(c)(d)(e)(f) (Cost: $12,755,299; Original Acquisition Date: 03/12/2021) | 12750000 | 12111225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Torrey Pines Re 2022-1 Class A <br>(T-Bill 3 Month + 5.000%),<br>06/06/2025 (b)(c)(d)(e)(g) (Cost: $20,000,000; Original Acquisition Date: 05/10/2022) | 20000000 | 19268000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Torrey Pines Re 2022-1 Class B <br>(T-Bill 3 Month + 8.250%),<br>06/06/2025 (b)(c)(d)(e) (Cost: $13,500,000; Original Acquisition Date: 05/10/2022) | 13500000 | 13061250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ursa Re 2019-1 Class C <br>(T-Bill 3 Month + 5.750%),<br>12/10/2022 (b)(c)(d)(e)(f)(g) (Cost: $26,770,472; Original Acquisition Date: 11/20/2019) | 26827000 | 26408499 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ursa Re II 2020-1 Class AA <br>(T-Bill 3 Month + 3.750%),<br>12/07/2023 (b)(c)(d)(e)(f)(g) (Cost: $21,307,789; Original Acquisition Date: 10/08/2020) | 21217000 | 20506231 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ursa Re II 2020-1 Class D <br>(T-Bill 3 Month + 6.250%),<br>12/07/2023 (b)(c)(d)(e)(g) (Cost: $17,691,834; Original Acquisition Date: 10/08/2020) | 17697000 | 16579434 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ursa Re II 2021-1 Class F <br>(T-Bill 3 Month + 6.190%),<br>12/06/2024 (b)(c)(d)(e)(g) (Cost: $9,750,000; Original Acquisition Date: 02/25/2021) | 9750000 | 8754525 |

---

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Earthquake - 13.8% (continued)** | **Earthquake - 13.8% (continued)** | **Earthquake - 13.8% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Ursa Re II 2022-1 Class A <br>(T-Bill 3 Month + 5.000%),<br>06/16/2025 (b)(c)(d)(e)(g) (Cost: $12,750,000; Original Acquisition Date: 05/27/2022) | $12750000 | $12308213 |
| &nbsp;&nbsp;&nbsp;&nbsp; Ursa Re II 2022-1 Class E <br>(T-Bill 3 Month + 7.750%),<br>06/16/2025 (b)(c)(d)(e) (Cost: $3,500,000; Original Acquisition Date: 05/27/2022) | 3500000 | 3238200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Wrigley Re 2021-1 Class A <br>(T-Bill 3 Month + 2.400%),<br>07/08/2024 (b)(c)(d)(e)(f) (Cost: $750,000; Original Acquisition Date: 06/17/2021) | 750000 | 707700 |
|  |  | **213978449** |
| **Fire - 1.2%** | **Fire - 1.2%** | **Fire - 1.2%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Power Protective Re 2020-1 Class A <br>(T-Bill 3 Month + 10.750%),<br>12/15/2023 (b)(c)(d)(e) (Cost: $4,000,000; Original Acquisition Date: 12/03/2020) | 4000000 | 3931600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Power Protective Re 2021-1 Class A <br>(T-Bill 3 Month + 15.000%),<br>10/09/2024 (b)(c)(d)(e) (Cost: $2,750,000; Original Acquisition Date: 09/29/2021) | 2750000 | 2680837 |
| &nbsp;&nbsp;&nbsp;&nbsp; SD Re 2020-1 Class A <br>(T-Bill 3 Month + 9.750%),<br>07/14/2023 (b)(c)(d)(e)(f) (Cost: $1,438,000; Original Acquisition Date: 07/02/2020) | 1438000 | 1360708 |
| &nbsp;&nbsp;&nbsp;&nbsp; SD Re 2021-1 Class A <br>(T-Bill 3 Month + 8.750%),<br>11/19/2024 (b)(c)(d)(e) (Cost: $2,750,000; Original Acquisition Date: 10/18/2021) | 2750000 | 2639313 |
| &nbsp;&nbsp;&nbsp;&nbsp; SD Re 2021-1 Class B <br>(T-Bill 3 Month + 9.250%),<br>11/19/2024 (b)(c)(d)(e)(f) (Cost: $7,750,000; Original Acquisition Date: 10/18/2021) | 7750000 | 7387300 |
|  |  | **17999758** |
| **Flood - 2.9%** | **Flood - 2.9%** | **Flood - 2.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp; FloodSmart Re 2020 Class A <br>(T-Bill 3 Month + 11.580%),<br>02/27/2023 (b)(c)(d)(e)(f)(g) (Cost: $25,009,851; Original Acquisition Date: 02/14/2020) | 25014000 | 15633750 |
| &nbsp;&nbsp;&nbsp;&nbsp; FloodSmart Re 2020 Class B <br>(T-Bill 3 Month + 15.080%),<br>02/27/2023 (b)(c)(d)(e)(f)(g) (Cost: $9,000,000; Original Acquisition Date: 02/14/2020) | 9000000 | 1575000 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**11** 

------

<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Flood - 2.9% (continued)** | **Flood - 2.9% (continued)** | **Flood - 2.9% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; FloodSmart Re 2021-1 Class A <br>(T-Bill 3 Month + 13.580%),<br>03/01/2024 (b)(c)(d)(e)(f)(g) (Cost: $26,455,632; Original Acquisition Date: 02/16/2021) | $26500000 | $10600000 |
| &nbsp;&nbsp;&nbsp;&nbsp; FloodSmart Re 2021-1 Class B <br>(T-Bill 3 Month + 17.330%),<br>03/01/2024 (b)(c)(d)(e)(g) (Cost: $7,959,807; Original Acquisition Date: 02/16/2021) | 8000000 | 1000000 |
| &nbsp;&nbsp;&nbsp;&nbsp; FloodSmart Re 2022-1 Class A <br>(T-Bill 3 Month + 11.250%),<br>02/26/2029 (b)(c)(d)(e) (Cost: $22,000,000; Original Acquisition Date: 02/14/2022) | 22000000 | 12650000 |
| &nbsp;&nbsp;&nbsp;&nbsp; FloodSmart Re 2022-1 Class B <br>(T-Bill 3 Month + 13.750%),<br>02/26/2029 (b)(c)(d)(e) (Cost: $7,500,000; Original Acquisition Date: 02/14/2022) | 7500000 | 2812500 |
| &nbsp;&nbsp;&nbsp;&nbsp; FloodSmart Re 2022-1 Class C <br>(T-Bill 3 Month + 17.750%),<br>02/26/2029 (b)(c)(d)(e) (Cost: $1,750,000; Original Acquisition Date: 02/14/2022) | 1750000 | 393750 |
|  |  | **44665000** |
| **Mortality/Longevity/Disease - 1.9%** | **Mortality/Longevity/Disease - 1.9%** | **Mortality/Longevity/Disease - 1.9%** |
| &nbsp;&nbsp;&nbsp;&nbsp; La Vie Re 2020-1 Class A <br>(3 Month Libor USD + 2.850%),<br>10/06/2023 (b)(c)(d)(e)(g) (Cost: $2,250,000; Original Acquisition Date: 10/19/2020) | 2250000 | 2227387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vita Capital VI 2021-1 Class B <br>(SOFR Index + 3.124%),<br>01/08/2026 (b)(c)(d)(e) (Cost: $8,000,000; Original Acquisition Date: 07/02/2021) | 8000000 | 7760000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vitality Re X 2019 Class B <br>(T-Bill 3 Month + 2.000%),<br>01/10/2023 (b)(c)(d)(e)(g) (Cost: $3,744,088; Original Acquisition Date: 01/17/2019) | 3750000 | 3703125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vitality Re XI Limited 2020 Class A <br>(T-Bill 3 Month + 1.500%),<br>01/09/2024 (b)(c)(d)(e)(g) (Cost: $2,186,188; Original Acquisition Date: 01/23/2020) | 2200000 | 2125860 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vitality Re XI Limited 2020 Class B <br>(T-Bill 3 Month + 1.800%),<br>01/09/2024 (b)(c)(d)(e)(g) (Cost: $3,692,130; Original Acquisition Date: 01/23/2020) | 3750000 | 3600750 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vitality Re XII 2021 Class A <br>(T-Bill 3 Month + 2.250%),<br>01/07/2025 (b)(c)(d)(e)(g) (Cost: $7,877,899; Original Acquisition Date: 01/29/2021) | 7940000 | 7581112 |

---

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Mortality/Longevity/Disease - 1.9% (continued)** | **Mortality/Longevity/Disease - 1.9% (continued)** | **Mortality/Longevity/Disease - 1.9% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Vitality Re XII 2021 Class B <br>(T-Bill 3 Month + 2.750%),<br>01/07/2025 (b)(c)(d)(e)(g) (Cost: $3,000,000; Original Acquisition Date: 01/29/2021) | $3000000 | $2837250 |
|  |  | **29835484** |
| **Multiperil - 28.4%** | **Multiperil - 28.4%** | **Multiperil - 28.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Blue Halo Re 2022-1 Class A <br>(T-Bill 3 Month + 9.750%),<br>02/26/2029 (b)(c)(d)(e) (Cost: $1,500,000; Original Acquisition Date: 02/11/2022) | 1500000 | 1439100 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blue Halo Re 2022-1 Class B <br>(T-Bill 3 Month + 15.250%),<br>02/26/2029 (b)(c)(d)(e) (Cost: $1,750,000; Original Acquisition Date: 02/11/2022) | 1750000 | 1601950 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonanza Re 2020-1 Class A <br>(T-Bill 3 Month + 4.870%),<br>02/20/2024 (b)(c)(d)(e) (Cost: $11,317,942; Original Acquisition Date: 02/13/2020) | 11275000 | 6765000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bowline Re 2019-1 Class A <br>(T-Bill 3 Month + 4.500%),<br>03/20/2023 (b)(c)(d)(e)(g) (Cost: $4,017,000; Original Acquisition Date: 03/08/2019) | 4017000 | 3920592 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bowline Re 2019-1 Class B <br>(T-Bill 3 Month + 8.850%),<br>03/20/2023 (b)(c)(d)(e)(f) (Cost: $5,436,322; Original Acquisition Date: 03/08/2019) | 5438000 | 5311838 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bowline Re 2022-1 Class A <br>(T-Bill 3 Month + 6.350%),<br>05/23/2029 (b)(c)(d)(e) (Cost: $3,000,000; Original Acquisition Date: 05/12/2022) | 3000000 | 2908500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bowline Re 2022-1 Class B <br>(T-Bill 3 Month + 17.000%),<br>05/23/2029 (b)(c)(d)(e) (Cost: $2,750,000; Original Acquisition Date: 05/12/2022) | 2750000 | 2655812 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bowline Re 2022-1 Class C <br>(T-Bill 3 Month + 7.750%),<br>05/23/2029 (b)(c)(d)(e) (Cost: $2,500,000; Original Acquisition Date: 05/12/2022) | 2500000 | 2498250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caelus Re 2018-1 Class A <br>(T-Bill 3 Month + 0.500%),<br>06/09/2025 (b)(c)(d)(e)(h) (Cost: $2,319,000; Original Acquisition Date: 05/04/2018) | 2319000 | 1588515 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caelus Re 2018-1 Class B <br>(T-Bill 3 Month + 0.100%),<br>06/09/2025 (b)(c)(d)(e)(h) (Cost: $1,902,959; Original Acquisition Date: 05/04/2018) | 1905000 | 23908 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**12** 

------

<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Caelus Re 2018-1 Class C <br>(T-Bill 3 Month + 0.100%),<br>06/09/2025 (b)(c)(d)(e)(h) (Cost: $2,782,000; Original Acquisition Date: 05/04/2018) | $2782000 | $14049 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caelus Re 2020-1 Class A-1 <br>(T-Bill 3 Month + 5.380%),<br>06/07/2023 (b)(c)(d)(e) (Cost: $6,847,625; Original Acquisition Date: 02/20/2020) | 6865000 | 6729416 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caelus Re 2020-1 Class B-1 <br>(T-Bill 3 Month + 5.380%),<br>06/07/2024 (b)(c)(d)(e) (Cost: $4,000,000; Original Acquisition Date: 02/20/2020) | 4000000 | 3901600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caelus Re V 2017-1 Class B <br>(T-Bill 3 Month + 0.100%),<br>06/05/2024 (b)(c)(d)(e)(h) (Cost: $129,700; Original Acquisition Date: 04/27/2017) | 129700 | 103760 |
| &nbsp;&nbsp;&nbsp;&nbsp; Caelus Re V 2017-1 Class C <br>(T-Bill 3 Month + 0.100%),<br>06/05/2023 (b)(c)(d)(e)(h) (Cost: $830,000; Original Acquisition Date: 04/27/2017) | 830000 | 39591 |
| &nbsp;&nbsp;&nbsp;&nbsp; Easton Re 2020-1 Class A <br>(T-Bill 3 Month + 4.000%),<br>01/08/2024 (b)(c)(d)(e) (Cost: $8,419,502; Original Acquisition Date: 12/15/2020) | 8453000 | 7961881 |
| &nbsp;&nbsp;&nbsp;&nbsp; Espada Reinsurance 2016-1 Class 20<br>(T-Bill 3 Month + 0.500%),<br>12/06/2022 (b)(c)(d)(e)(h) (Cost: $152,255; Original Acquisition Date: 02/12/2016) | 152255 | 45677 |
| &nbsp;&nbsp;&nbsp;&nbsp; Finca Re 2022-1 Class A <br>(T-Bill 3 Month + 7.750%),<br>06/07/2029 (b)(c)(d)(e) (Cost: $3,500,000; Original Acquisition Date: 06/28/2022) | 3500000 | 3466400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Four Lakes Re 2020-1 Class A <br>(T-Bill 3 Month + 7.300%),<br>01/05/2024 (b)(c)(d)(e) (Cost: $750,000; Original Acquisition Date: 11/05/2020) | 750000 | 734287 |
| &nbsp;&nbsp;&nbsp;&nbsp; Four Lakes Re 2020-1 Class B <br>(T-Bill 3 Month + 10.160%),<br>01/05/2024 (b)(c)(d)(e) (Cost: $3,772,787; Original Acquisition Date: 11/05/2020) | 3750000 | 3627375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Four Lakes Re 2021-1 Class A <br>(T-Bill 3 Month + 4.750%),<br>07/01/2025 (b)(c)(d)(e) (Cost: $3,500,000; Original Acquisition Date: 12/15/2021) | 3500000 | 3405325 |

---

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Galileo Re 2019-1 Class C <br>(T-Bill 3 Month + 9.870%),<br>01/08/2024 (b)(c)(d)(e)(g) (Cost: $3,000,000; Original Acquisition Date: 12/06/2019) | $3000000 | $2924250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Galileo Re 2019-1 Class D <br>(T-Bill 3 Month + 8.070%),<br>01/08/2024 (b)(c)(d)(e)(f)(g) (Cost: $2,000,000; Original Acquisition Date: 12/06/2019) | 2000000 | 1963800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Golden State Re II 2018-1 Class A <br>(3 Month Libor USD + 2.200%),<br>01/08/2023 (b)(c)(d)(e)(g) (Cost: $7,250,000; Original Acquisition Date: 11/29/2018) | 7250000 | 7019450 |
| &nbsp;&nbsp;&nbsp;&nbsp; Herbie Re 2020-1 Class A <br>(T-Bill 3 Month + 9.130%),<br>07/08/2024 (b)(c)(d)(e)(f) (Cost: $6,899,000; Original Acquisition Date: 06/09/2020) | 6899000 | 5865530 |
| &nbsp;&nbsp;&nbsp;&nbsp; Herbie Re 2020-2 Class A <br>(T-Bill 3 Month + 6.730%),<br>01/08/2025 (b)(c)(d)(e) (Cost: $1,250,000; Original Acquisition Date: 10/19/2020) | 1250000 | 1204625 |
| &nbsp;&nbsp;&nbsp;&nbsp; Herbie Re 2020-2 Class B <br>(T-Bill 3 Month + 9.720%),<br>01/08/2025 (b)(c)(d)(e) (Cost: $4,054,905; Original Acquisition Date: 10/19/2020) | 4000000 | 3643600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Herbie Re 2020-2 Class C <br>(T-Bill 3 Month + 15.850%),<br>01/06/2023 (b)(c)(d)(e) (Cost: $1,254,560; Original Acquisition Date: 10/19/2020) | 1250000 | 781500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro III Re 2019-1 Class A-1 <br>(T-Bill 3 Month + 16.660%),<br>12/19/2023 (b)(c)(d)(e) (Cost: $6,750,000; Original Acquisition Date: 12/09/2019) | 6750000 | 4050000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro III Re 2019-1 Class A-2 <br>(T-Bill 3 Month + 16.660%),<br>12/19/2024 (b)(c)(d)(e) (Cost: $10,940,889; Original Acquisition Date: 12/09/2019)<br>| 11117000 | 6670200 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro III Re 2019-1 Class B-1 <br>(T-Bill 3 Month + 9.910%),<br>12/19/2023 (b)(c)(d)(e) (Cost: $12,500,000; Original Acquisition Date: 12/09/2019) | 12500000 | 12225000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro III Re 2019-1 Class B-2 <br>(T-Bill 3 Month + 9.910%),<br>12/19/2024 (b)(c)(d)(e)(g) (Cost: $9,250,000; Original<br>Acquisition Date: 12/09/2019) | 9250000 | 8925325 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**13** 

------

<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro Re 2018-2 Class A-2 <br>(3 Month Libor USD + 13.610%),<br>05/05/2023 (b)(c)(d)(e) (Cost: $6,825,119; Original Acquisition Date: 04/18/2018) | $6840000 | $6122142 |
| &nbsp;&nbsp;&nbsp;&nbsp; Kilimanjaro Re 2018-2 Class B-2 <br>(3 Month Libor USD + 4.940%),<br>05/05/2023 (b)(c)(d)(e)(g) (Cost: $8,563,612; Original Acquisition Date: 04/18/2018) | 8555000 | 8272257 |
| &nbsp;&nbsp;&nbsp;&nbsp; Long Point Re IV 2022-1 Class A <br>(T-Bill 3 Month + 4.250%),<br>06/01/2026 (b)(c)(d)(e)(g) (Cost: $34,000,000; Original Acquisition Date: 05/13/2022) | 34000000 | 32947700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matterhorn Re Ltd SR2020-5 Class A<br>(3 Month Libor USD + 4.250%),<br>12/07/2022 (b)(c)(d)(e) (Cost: $7,742,725; Original Acquisition Date: 10/13/2022) | 7782000 | 7667605 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matterhorn Re SR2022-2 Class C <br>(SOFR + 9.025%),<br>06/07/2024 (b)(c)(d)(e) (Cost: $3,000,000; Original Acquisition Date: 06/08/2022) | 3000000 | 3002700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Merna Re II 2022-2 Class A <br>(T-Bill 3 Month + 7.500%),<br>07/09/2029 (b)(c)(d)(e) (Cost: $7,500,000; Original Acquisition Date: 06/07/2022) | 7500000 | 5062500 |
| &nbsp;&nbsp;&nbsp;&nbsp; MetroCat Re 2020-1 Class A <br>(T-Bill 3 Month + 5.500%),<br>05/08/2023 (b)(c)(d)(e)(g) (Cost: $6,092,463; Original Acquisition Date: 05/06/2020) | 6141000 | 5987475 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mona Lisa Re 2020-1 Class A <br>(T-Bill 3 Month + 7.500%),<br>01/09/2023 (b)(c)(d)(e)(f) (Cost: $7,750,000; Original Acquisition Date: 12/30/2019) | 7750000 | 7544237 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mona Lisa Re 2020-1 Class B <br>(T-Bill 3 Month + 8.000%),<br>01/09/2023 (b)(c)(d)(e)(f) (Cost: $6,500,000; Original Acquisition Date: 12/30/2019) | 6500000 | 6373575 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mona Lisa Re 2021-1 Class A <br>(T-Bill 3 Month + 7.000%),<br>07/08/2025 (b)(c)(d)(e) (Cost: $12,769,670; Original Acquisition Date: 06/22/2021) | 12750000 | 12034087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mystic Re IV 2021-1 Class A <br>(T-Bill 3 Month + 9.750%),<br>01/08/2024 (b)(c)(d)(e)(g) (Cost: $17,806,060; Original Acquisition Date: 12/15/2020) | 17638000 | 16932480 |

---

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Mystic Re IV 2021-2 Class A <br>(T-Bill 3 Month + 5.810%),<br>01/08/2025 (b)(c)(d)(e) (Cost: $16,219,130; Original Acquisition Date: 04/07/2022) | $16250000 | $15424500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mystic Re IV 2021-2 Class B <br>(T-Bill 3 Month + 11.690%),<br>01/08/2025 (b)(c)(d)(e) (Cost: $2,250,000; Original Acquisition Date: 06/09/2021) | 2250000 | 2126250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Northshore Re II 2021-1 Class A <br>(T-Bill 3 Month + 5.750%),<br>01/08/2024 (b)(c)(d)(e)(g) (Cost: $7,500,000; Original Acquisition Date: 12/02/2020) | 7500000 | 7291125 |
| &nbsp;&nbsp;&nbsp;&nbsp; Putnam Re Pte. Ltd. 2021-1 Class A <br>(T-Bill 3 Month + 5.500%),<br>06/07/2024 (b)(c)(d)(e)(h) (Cost: $26,563; Original Acquisition Date: 05/21/2021) | 26563 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2016-I Class 10 <br>(T-Bill 3 Month + 0.500%),<br>12/06/2022 (b)(c)(d)(e)(h) (Cost: $701,983; Original Acquisition Date: 04/28/2016) | 701983 | 140397 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2018-II Class 2 <br>(T-Bill 3 Month + 11.810%),<br>12/06/2022 (b)(c)(d)(e)(f) (Cost: $5,199,599; Original Acquisition Date: 11/15/2018) | 5200000 | 5137860 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2019-I Class 12 <br>(T-Bill 3 Month + 8.150%),<br>06/06/2023 (b)(c)(d)(e) (Cost: $495,000; Original Acquisition Date: 05/08/2019) | 495000 | 459112 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2019-I Class 13 <br>(T-Bill 3 Month + 4.650%),<br>06/06/2023 (b)(c)(d)(e) (Cost: $1,160,001; Original Acquisition Date: 05/08/2019) | 1162000 | 1147824 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2019-II Class 2 <br>(T-Bill 3 Month + 12.390%),<br>12/06/2023 (b)(c)(d)(e) (Cost: $1,456,000; Original Acquisition Date: 11/05/2019) | 1456000 | 1411883 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2020-I Class 13 <br>(T-Bill 3 Month + 5.500%),<br>06/06/2024 (b)(c)(d)(e) (Cost: $2,241,000; Original Acquisition Date: 05/27/2020) | 2241000 | 2209290 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2020-II Class 3 <br>(T-Bill 3 Month + 7.980%),<br>12/06/2024 (b)(c)(d)(e) (Cost: $914,000; Original Acquisition Date: 10/30/2020) | 914000 | 879953 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**14** 

------

<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2020-II Class 4 <br>(T-Bill 3 Month + 6.180%),<br>12/06/2024 (b)(c)(d)(e) (Cost: $5,004,693; Original Acquisition Date: 10/30/2020) | $4981000 | $4825344 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2021-I Class 11 <br>(T-Bill 3 Month + 9.910%),<br>06/06/2025 (b)(c)(d)(e) (Cost: $9,984,270; Original Acquisition Date: 05/06/2021) | 10000000 | 9184000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2021-I Class 12 <br>(T-Bill 3 Month + 5.220%),<br>06/06/2025 (b)(c)(d)(e)(f) (Cost: $6,000,000; Original Acquisition Date: 05/06/2021) | 6000000 | 5644800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2021-I Class 13 <br>(T-Bill 3 Month + 3.590%),<br>06/06/2025 (b)(c)(d)(e) (Cost: $6,003,185; Original Acquisition Date: 05/06/2021) | 6000000 | 5655900 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2021-I Class 14 <br>(T-Bill 3 Month + 2.500%),<br>06/06/2025 (b)(c)(d)(e) (Cost: $7,738,435; Original Acquisition Date: 05/06/2021) | 7750000 | 7314837 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2022-I Class 11 <br>(T-Bill 3 Month + 12.500%),<br>06/06/2030 (b)(c)(d)(e) (Cost: $3,500,000; Original Acquisition Date: 05/02/2022) | 3500000 | 3375050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2022-I Class 12 <br>(T-Bill 3 Month + 7.500%),<br>06/06/2029 (b)(c)(d)(e) (Cost: $5,000,000; Original Acquisition Date: 05/02/2022) | 5000000 | 4850000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2022-I Class 13 <br>(T-Bill 3 Month + 5.250%),<br>06/06/2030 (b)(c)(d)(e) (Cost: $12,000,000; Original Acquisition Date: 05/02/2022) | 12000000 | 11646000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Residential Re 2022-I Class 14 <br>(T-Bill 3 Month + 4.000%),<br>06/06/2026 (b)(c)(d)(e) (Cost: $15,000,000; Original Acquisition Date: 05/02/2022) | 15000000 | 14472000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Riverfront Re 2021 Class A <br>(T-Bill 3 Month + 4.240%),<br>01/07/2025 (b)(c)(d)(e) (Cost: $11,750,000; Original Acquisition Date: 05/21/2021) | 11750000 | 11342863 |
| &nbsp;&nbsp;&nbsp;&nbsp; Riverfront Re 2021 Class B <br>(T-Bill 3 Month + 6.500%),<br>01/07/2025 (b)(c)(d)(e) (Cost: $2,750,000; Original Acquisition Date: 05/21/2021) | 2750000 | 2651688 |

---

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sanders Re II 2020-1 Class A <br>(3 Month Libor USD + 4.250%),<br>04/07/2024 (b)(c)(d)(e) (Cost: $4,811,000; Original Acquisition Date: 03/18/2020) | $4811000 | $4758079 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sanders Re II 2021-1 Class A <br>(T-Bill 3 Month + 3.250%),<br>04/07/2025 (b)(c)(d)(e) (Cost: $6,250,000; Original Acquisition Date: 05/24/2021) | 6250000 | 6037188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sanders Re II 2021-2 Class A <br>(T-Bill 3 Month + 3.090%),<br>04/07/2025 (b)(c)(d)(e) (Cost: $4,000,000; Original Acquisition Date: 11/23/2021) | 4000000 | 3849800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sanders Re II 2021-2 Class B <br>(T-Bill 3 Month + 11.770%),<br>04/07/2025 (b)(c)(d)(e) (Cost: $1,500,000; Original Acquisition Date: 11/23/2021) | 1500000 | 1452225 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sanders Re III 2022-1 Class A <br>(SOFR + 3.500%),<br>04/07/2026 (b)(c)(d)(e) (Cost: $10,000,000; Original Acquisition Date: 03/22/2022) | 10000000 | 9573000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sanders Re III 2022-1 Class B <br>(SOFR + 10.750%),<br>04/07/2026 (b)(c)(d)(e)<br>(Cost: $7,000,000; Original Acquisition Date: 03/22/2022) | 7000000 | 6707400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sanders Re III 2022-2 Class A <br>(T-Bill 3 Month + 6.500%),<br>06/07/2025 (b)(c)(d)(e) (Cost: $10,250,000; Original Acquisition Date: 05/26/2022) | 10250000 | 10057813 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sanders Re III 2022-2 Class B <br>(T-Bill 3 Month + 8.750%),<br>06/07/2025 (b)(c)(d)(e)(h) (Cost: $7,000,000; Original Acquisition Date: 05/26/2022) | 7000000 | 5775000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Stratosphere Re 2020-1 Class A <br>(T-Bill 3 Month + 2.750%),<br>02/07/2023 (b)(c)(d)(e)(f) (Cost: $1,931,009; Original Acquisition Date: 01/17/2020) | 1932000 | 1914322 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sussex Capital UK PCC 2020-1<br>(T-Bill 3 Month + 8.180%),<br>01/08/2025 (b)(c)(d)(e)(g) (Cost: $15,067,550; Original Acquisition Date: 12/07/2020) | 15000000 | 14467500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Titania Re 2021-1 Class A <br>(T-Bill 3 Month + 5.030%),<br>06/21/2024 (b)(c)(d)(e) (Cost: $8,507,644; Original Acquisition Date: 03/24/2022) | 8500000 | 8117075 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**15** 

------

<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** | **Multiperil - 28.4% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Titania Re 2021-2 Class A <br>(T-Bill 3 Month + 6.500%),<br>12/27/2024 (b)(c)(d)(e) (Cost: $4,500,000; Original Acquisition Date: 12/08/2021) | $4500000 | $4181400 |
| &nbsp;&nbsp;&nbsp;&nbsp; Topanga Re 2021-1 Class A <br>(T-Bill 3 Month + 4.750%),<br>01/08/2026 (b)(c)(d)(e) (Cost: $7,000,000; Original Acquisition Date: 12/08/2021) | 7000000 | 6708800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Topanga Re 2021-1 Class B <br>(T-Bill 3 Month + 15.000%),<br>01/08/2024 (b)(c)(d)(e) (Cost: $3,000,000; Original Acquisition Date: 12/08/2021) | 3000000 | 2866800 |
| &nbsp;&nbsp;&nbsp;&nbsp; Vista Re 2022-1 Class A <br>(T-Bill 3 Month + 14.500%),<br>05/21/2025 (b)(c)(d)(e) (Cost: $4,500,000; Original Acquisition Date: 04/21/2022) | 4500000 | 4346550 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yosemite Re 2022-1 Class A <br>(T-Bill 3 Month + 9.750%),<br>06/06/2025 (b)(c)(d)(e) (Cost: $5,000,000; Original Acquisition Date: 05/31/2022) | 5000000 | 4874750 |
|  |  | **438841242** |
| **Windstorm - 17.5%** | **Windstorm - 17.5%** | **Windstorm - 17.5%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Alamo Re 2020-1 Class A <br>(T-Bill 3 Month + 5.520%),<br>06/08/2023 (b)(c)(d)(e)(f)(g) (Cost: $21,001,152; Original Acquisition Date: 05/29/2020) | 20930000 | 20487330 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alamo Re 2021-1 Class A <br>(T-Bill 3 Month + 4.090%),<br>06/07/2024 (b)(c)(d)(e)(f) (Cost: $34,927,850; Original Acquisition Date: 05/21/2021) | 35000000 | 33430250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Alamo Re 2022-1 Class A <br>(T-Bill 3 Month + 7.250%),<br>06/09/2025 (b)(c)(d)(e)(f) (Cost: $10,750,000; Original Acquisition Date: 05/23/2022) | 10750000 | 10443087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Astro Re 2021-1 Class A <br>(T-Bill 3 Month + 8.750%),<br>07/08/2025 (b)(c)(d)(e)(g)(h) (Cost: $3,600,000; Original Acquisition Date: 07/06/2021) | 3600000 | 1080000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Blue Halo Re 2020-1 Class A <br>(T-Bill 3 Month + 13.250%),<br>06/28/2023 (b)(c)(d)(e)(f) (Cost: $4,884,000; Original Acquisition Date: 06/16/2020) | 4884000 | 4584855 |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonanza Re 2020-2 Class A <br>(T-Bill 3 Month + 4.750%),<br>12/23/2024 (b)(c)(d)(e)(h) (Cost: $2,510,000; Original Acquisition Date: 12/15/2020) | 2510000 | 1631500 |

---

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Windstorm - 17.5% (continued)** | **Windstorm - 17.5% (continued)** | **Windstorm - 17.5% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Bonanza Re 2022-2 Class A <br>(T-Bill 3 Month + 5.750%),<br>03/16/2025 (b)(c)(d)(e) (Cost: $4,500,000; Original Acquisition Date: 03/11/2022) | $4500000 | $2137500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cape Lookout Re 2021-1 Class A <br>(T-Bill 3 Month + 3.220%),<br>03/22/2024 (b)(c)(d)(e)(f) (Cost: $11,000,000; Original Acquisition Date: 03/09/2021) | 11000000 | 10585850 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cape Lookout Re 2022-1 Class A <br>(T-Bill 3 Month + 5.000%),<br>03/28/2025 (b)(c)(d)(e)(f) (Cost: $26,000,000; Original Acquisition Date: 03/16/2022) | 26000000 | 25309700 |
| &nbsp;&nbsp;&nbsp;&nbsp; Catahoula Re II 2022-1 Class A <br>(T-Bill 3 Month + 9.500%),<br>06/16/2025 (b)(c)(d)(e)(g) (Cost: $8,500,000; Original Acquisition Date: 06/02/2022) | 8500000 | 8378025 |
| &nbsp;&nbsp;&nbsp;&nbsp; Catahoula Re II 2022-1 Class B <br>(T-Bill 3 Month + 13.000%),<br>06/16/2025 (b)(c)(d)(e) (Cost: $8,000,000; Original Acquisition Date: 06/02/2022) | 8000000 | 7882000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Citrus Re 2022-1 Class A <br>(SOFR + 5.100%),<br>06/07/2025 (b)(c)(d)(e) (Cost: $6,250,000; Original Acquisition Date: 04/11/2022) | 6250000 | 6147500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Commonwealth Re 2022-1 Class A <br>(T-Bill 3 Month + 3.500%),<br>07/08/2025 (b)(c)(d)(e) (Cost: $1,750,000; Original Acquisition Date: 06/15/2022) | 1750000 | 1721387 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cosaint Re 2021-1 Class A <br>(T-Bill 3 Month + 9.510%),<br>04/03/2024 (b)(c)(d)(e) (Cost: $7,048,366; Original Acquisition Date: 03/19/2021) | 7000000 | 4620000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Everglades II 2020-2 A<br>(T-Bill 3 Month + 6.450%),<br>05/04/2023 (b)(c)(d)(e)(f) (Cost: $2,101,000; Original Acquisition Date: 05/21/2020) | 2101000 | 1948678 |
| &nbsp;&nbsp;&nbsp;&nbsp; Everglades Re II 2021-1 Class A <br>(T-Bill 3 Month + 5.750%),<br>05/14/2024 (b)(c)(d)(e) (Cost: $23,750,000; Original Acquisition Date: 05/12/2021) | 23750000 | 21375000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Everglades Re II 2021-1 Class B <br>(T-Bill 3 Month + 6.750%),<br>05/14/2024 (b)(c)(d)(e) (Cost: $31,750,000; Original Acquisition Date: 05/12/2021) | 31750000 | 28678188 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**16** 

------

<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Windstorm - 17.5% (continued)** | **Windstorm - 17.5% (continued)** | **Windstorm - 17.5% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Everglades Re II 2021-2 Class A <br>(T-Bill 3 Month + 5.750%),<br>05/14/2024 (b)(c)(d)(e) (Cost: $28,000,000; Original Acquisition Date: 05/12/2021) | $28000000 | $24430000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Everglades Re II 2022-1 Class A <br>(T-Bill 3 Month + 7.750%),<br>05/19/2025 (b)(c)(d)(e) (Cost: $16,250,000; Original Acquisition Date: 05/19/2022) | 16250000 | 14645313 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Coast Re 2019-1 Class A <br>(T-Bill 3 Month + 5.660%),<br>06/07/2023 (b)(c)(d)(e) (Cost: $494,000; Original Acquisition Date: 05/16/2019) | 494000 | 419900 |
| &nbsp;&nbsp;&nbsp;&nbsp; First Coast Re III 2021-1 Class A<br>(T-Bill 3 Month + 6.180%),<br>04/07/2025 (b)(c)(d)(e)(h) (Cost: $3,500,000; Original Acquisition Date: 03/04/2021) | 3500000 | 2712500 |
| &nbsp;&nbsp;&nbsp;&nbsp; Frontline 2018-1 Class A <br>(T-Bill 3 Month + 0.100%),<br>07/06/2026 (b)(c)(d)(e)(g) (Cost: $800,000; Original Acquisition Date: 06/12/2018) | 800000 | 480000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Gateway Re 2022-1 Class A <br>(T-Bill 3 Month + 8.500%),<br>05/12/2025 (b)(c)(d)(e) (Cost: $9,500,000; Original Acquisition Date: 04/22/2022) | 9500000 | 9398350 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hestia Re 2022-1 Class A <br>(T-Bill 3 Month + 9.500%),<br>04/22/2025 (b)(c)(d)(e) (Cost: $10,000,000; Original Acquisition Date: 04/04/2022) | 10000000 | 3250000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Integrity Re 2020-1 Class A <br>(3 Month Libor USD + 7.530%),<br>04/12/2023 (b)(c)(d)(e)(f) (Cost: $7,725,676; Original Acquisition Date: 03/18/2020) | 7689000 | 3460050 |
| &nbsp;&nbsp;&nbsp;&nbsp; Integrity Re 2022-1 Class A <br>(T-Bill 3 Month + 7.000%),<br>06/06/2025 (b)(c)(d)(e) (Cost: $6,750,000; Original Acquisition Date: 05/09/2022) | 6750000 | 4725000 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matterhorn Re Ltd SR2020-5 Class B (3 Month Libor USD + 5.500%),<br>12/07/2022 (b)(c)(d)(e) (Cost: $5,750,075; Original Acquisition Date: 11/24/2020) | 5750000 | 5744250 |
| &nbsp;&nbsp;&nbsp;&nbsp; Matterhorn Re SR2022-2 Class A <br>3.797%, 12/07/2022 (b)(d)(e)<br>(Cost: $1,963,182; Original Acquisition Date: 06/08/2022) | 2000000 | 1952000 |

---

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Windstorm - 17.5% (continued)** | **Windstorm - 17.5% (continued)** | **Windstorm - 17.5% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Merna Re II 2021-2 Class A <br>(T-Bill 3 Month + 5.500%),<br>07/08/2024 (b)(c)(d)(e) (Cost: $13,500,000; Original Acquisition Date: 06/08/2021) | $13500000 | $9112501 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pelican IV Re 2021-1 Class A <br>(T-Bill 3 Month + 2.250%),<br>05/07/2027 (b)(c)(d)(e)(h) (Cost: $2,750,000; Original Acquisition Date: 04/29/2021) | 2750000 | 137 |
| &nbsp;&nbsp;&nbsp;&nbsp; Pelican IV Re 2021-1 Class B <br>(T-Bill 3 Month + 5.355%),<br>05/07/2027 (b)(c)(d)(e)(h) (Cost: $3,250,000; Original Acquisition Date: 04/29/2021) | 3250000 | 163 |
|  |  | **270771014** |
|  |  | **1016090947** |
|  **TOTAL EVENT LINKED BONDS**<br> (Cost $1,500,539,978) |  | **1327097908** |
|  **QUOTA SHARES AND OTHER REINSURANCE-RELATED SECURITIES - 15.4%** | **QUOTA SHARES AND OTHER REINSURANCE-RELATED SECURITIES - 15.4%** | **QUOTA SHARES AND OTHER REINSURANCE-RELATED SECURITIES - 15.4%** |
|  **PARTICIPATION NOTES - 5.4%** | **PARTICIPATION NOTES - 5.4%** | **PARTICIPATION NOTES - 5.4%** |
| **Global - 5.4%** | **Global - 5.4%** | **Global - 5.4%** |
| **Multiperil - 5.4%** | **Multiperil - 5.4%** | **Multiperil - 5.4%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Alturas Re 2020-1 Class A <br>03/10/2023 (b)(d)(e)(h)(i)<br>(Cost: $872,566; Original Acquisition Date: 02/19/2021) | 872566 | 5847 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eden Re II 2019-1 Class A <br>03/22/2023 (b)(d)(e)(h)(i)<br>(Cost: $71,858; Original Acquisition Date: 12/14/2018) | 71858 | 652192 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eden Re II 2020-1 Class A <br>03/22/2024 (b)(d)(e)(h)(i)(j)<br>(Cost: $1,275,000; Original Acquisition Date: 12/16/2019) | 1275000 | 710161 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eden Re II 2020-1 Class B <br>03/22/2024 (b)(d)(e)(h)(i)(j)<br>(Cost: $2,041,180; Original Acquisition Date: 12/26/2019) | 2041181 | 1016883 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eden Re II 2021-1 Class A <br>03/21/2025 (b)(d)(e)(h)(i)(j)<br>(Cost: $2,714,047; Original Acquisition Date: 12/14/2020) | 2714047 | 2074966 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eden Re II 2021-1 Class B <br>03/21/2025 (b)(d)(e)(h)(i)(j)<br>(Cost: $3,553,580; Original Acquisition Date: 12/21/2020) | 3553580 | 2714177 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eden Re II 2022-1 Class A <br>03/20/2026 (b)(d)(e)(h)(i)(j)<br>(Cost: $17,600,000; Original Acquisition Date: 12/14/2021) | 17600000 | 14873306 |
| &nbsp;&nbsp;&nbsp;&nbsp; Eden Re II 2022-1 Class B <br>03/20/2026 (b)(d)(e)(h)(i)(j)<br>(Cost: $40,900,000; Original Acquisition Date: 12/17/2021) | 40900000 | 34696043 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**17** 

------

<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Multiperil - 5.4% (continued)** | **Multiperil - 5.4% (continued)** | **Multiperil - 5.4% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Limestone Re 2019-2 A<br>03/01/2023 (b)(d)(e)(h)(i)<br>(Cost: $25,287; Original Acquisition Date: 06/25/2019) | $25287 | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Limestone Re 2019-2 B<br>03/01/2023 (b)(d)(e)(h)(i)<br>(Cost: $62,298; Original Acquisition Date: 06/25/2019) | 62298 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Limestone Re 2020-1 B<br>03/01/2024 (b)(d)(e)(h)(i) (Cost: $0;<br>Original Acquisition Date: 12/27/2019) |  | 42600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phoenix 2 Re Pte. Ltd. 2022-1 Class A <br>01/04/2028 (b)(d)(e)(h)(j) (Cost: $750,000; Original Acquisition Date: 12/21/2021) | 750000 | 830042 |
| &nbsp;&nbsp;&nbsp;&nbsp; Phoenix Re Pte. Ltd. 2022-1 Class B <br>01/04/2028 (b)(d)(e)(h)(j) (Cost: $2,250,000; Original Acquisition Date: 12/21/2021) | 2250000 | 2291726 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sector Re V Series 10 Class C <br>12/01/2025 (b)(e)(h) (Cost: $8,868; Original Acquisition Date: 12/04/2020) | 8868 | 255842 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sector Re V Series 2021-Apr Class GL-R <br>03/01/2026 (b)(e)(h)(j) (Cost: $8,043; Original Acquisition Date: 04/30/2021) | 8043 | 727532 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sector Re V Series 2021-Apr Class US-R <br>03/01/2026 (b)(e)(h) (Cost: $36,271; Original Acquisition Date: 04/30/2021) | 36271 | 592915 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sector Re V Series 2021-Dec Class GL-R <br>12/01/2026 (b)(e)(h)(j) (Cost: $4,000,000; Original Acquisition Date: 12/09/2021) | 4000000 | 3736033 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sector Re V Series 2022-Apr Class GL-R <br>03/01/2027 (b)(e)(h)(j) (Cost: $7,333,868; Original Acquisition Date: 04/28/2022) | 7333868 | 6823993 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sector Re V Series 2022-Apr Class US-R <br>03/01/2027 (b)(e)(h)(j) (Cost: $8,829,996; Original Acquisition Date: 04/28/2022) | 8829996 | 8046375 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sector Re V Series 9 Class A <br>03/01/2023 (b)(e)(h)(j) (Cost: $3,594,375; Original Acquisition Date: 04/24/2019) | 3605992 | 2848525 |
| &nbsp;&nbsp;&nbsp;&nbsp; Sector Re V Series 9 Class B <br>03/01/2023 (b)(e)(h)(j) (Cost: $1,279,117; Original Acquisition Date: 04/24/2019) | 1283254 | 1013696 |

---

---

| | | |
|:---|:---|:---|
|  | **PRINCIPAL<br>AMOUNT** | **VALUE** |
| **Multiperil - 5.4% (continued)** | **Multiperil - 5.4% (continued)** | **Multiperil - 5.4% (continued)** |
| &nbsp;&nbsp;&nbsp;&nbsp; Sector Re V Series 9 Class G <br>03/01/2023 (b)(e)(h) (Cost: $18,772; Original Acquisition Date: 04/24/2019) | $18782 | $465073 |
|  **TOTAL PARTICIPATION NOTES**<br> (Cost $97,225,126) |  | **84417927** |
|  | **SHARES** |  |
|  **PREFERENCE SHARES - 10.0%** | **PREFERENCE SHARES - 10.0%** | **PREFERENCE SHARES - 10.0%** |
|  **Global - 10.0%** | **Global - 10.0%** | **Global - 10.0%** |
| **Multiperil - 10.0%** | **Multiperil - 10.0%** | **Multiperil - 10.0%** |
| &nbsp;&nbsp;&nbsp;&nbsp; Arenal (Artex Segregated Account Company) (b)(e)(h)(i)(j) (Cost: $6,614,854; Original Acquisition Date: 05/07/2015) | 18011 | 2883187 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hatteras (Artex Segregated Account Company) (b)(e)(h)(i)(j) (Cost: $30,502,685; Original Acquisition Date: 12/31/2019) | 37256 | 17812324 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hudson Charles 2 (Mt. Logan Re) (b)(e)(h)(j) (Cost: $11,534,500; Original Acquisition Date: 04/02/2014) | 11535 | 6548139 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hudson Charles 3 (Mt. Logan Re) (b)(e)(h)(j) (Cost: $15,350,000; Original Acquisition Date: 06/19/2014) | 15350 | 8514269 |
| &nbsp;&nbsp;&nbsp;&nbsp; Labrador (Horseshoe Re) (b)(e)(h)(i)(j) (Cost: $20,082,000; Original Acquisition Date: 07/22/2022) | 20082 | 17822599 |
| &nbsp;&nbsp;&nbsp;&nbsp; Lyndhurst (Horseshoe Re) (b)(e)(h)(i)(j) (Cost: $27,139,272; Original Acquisition Date: 12/31/2020) | 27200 | 19360802 |
| &nbsp;&nbsp;&nbsp;&nbsp; Madison (Artex Segregated Account<br>Company) (b)(e)(h)(i)(j) (Cost: $1,258,915; Original Acquisition Date: 02/03/2020) | 5011 | 1017056 |
| &nbsp;&nbsp;&nbsp;&nbsp; Peregrine HYR (b)(e)(h)(i)(j) (Cost: $18,022,873; Original Acquisition Date: 12/21/2020) | 1800000 | 14961188 |
| &nbsp;&nbsp;&nbsp;&nbsp; Rondout (Artex Segregated Account<br>Company) (b)(e)(h)(i)(j) (Cost: $59,939,908; Original Acquisition Date: 05/29/2015) | 97537 | 63805418 |
| &nbsp;&nbsp;&nbsp;&nbsp; Yoho (Artex Segregated Account Company) (b)(e)(h)(i)(j)<br>(Cost: $3,655,959; Original Acquisition Date: 05/17/2016) | 39886 | 1544578 |
|  **TOTAL PREFERENCE SHARES**<br> (Cost $194,100,966) |  | **154269560** |
|  **TOTAL QUOTA SHARES AND OTHER REINSURANCE-RELATED SECURITIES**<br> (Cost $291,326,092) |  | **238687487** |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**18** 

------

<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE HIGH YIELD REINSURANCE RISK PREMIUM FUND**

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **VALUE** |
|  **SHORT-TERM INVESTMENTS - 0.1%** | **SHORT-TERM INVESTMENTS - 0.1%** | **SHORT-TERM INVESTMENTS - 0.1%** |
| **Money Market Fund - 0.1%** | **Money Market Fund - 0.1%** | **Money Market Fund - 0.1%** |
|  Fidelity Institutional Money Market Funds - Government Portfolio - Institutional Class - 2.86% (k) | 1116631 | $1116631 |
|  Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class - 2.88% (k) | 1116630 | 1116630 |
|  **TOTAL SHORT-TERM INVESTMENTS**<br> (Cost $2,233,261) |  | **2233261** |
|  **TOTAL INVESTMENTS**<br> (Cost $1,794,099,331) - 101.3% |  | **1568018656** |
|  **LIABILITIES IN EXCESS OF OTHER<br>ASSETS - (1.3)%** | **LIABILITIES IN EXCESS OF OTHER<br>ASSETS - (1.3)%** | **(20661275)** |
|  **TOTAL NET ASSETS - 100.0%** |  | $**1547357381** |

---

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

Country shown is geographic area of peril risk.

Percentages are stated as a percent of net assets.

(a) Rounds to zero.

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

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

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

(e) Security is restricted as to resale.

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

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

(h) Value determined using significant unobservable inputs.

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

(j) Non-income producing security.

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**19** 

------

<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE U.S. HEDGED EQUITY FUND**

---

| | | | |
|:---|:---|:---|:---|
|  | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>AMOUNT** | **FAIR VALUE** |
| **PURCHASED OPTIONS - (a) 0.0%** |  | | |
| **PUT OPTIONS - (a) 0.0%** |  | | |
|  CBOE S&P 500 Index, Expires 11/04/2022, Strike Price $3,175.00 | 25 | $9679950 | $250 |
|  CBOE S&P 500 Index, Expires 11/04/2022, Strike Price $3,180.00 | 25 | 9679950 | 250 |
|  CBOE S&P 500 Index, Expires 11/04/2022, Strike Price $3,210.00 | 26 | 10067148 | 260 |
|  **TOTAL PURCHASED OPTIONS** (Cost $1,325) |  |  | **760** |
|  |  | **SHARES** | **FAIR VALUE** |
| **SHORT-TERM INVESTMENTS - 101.6%** |  |  |  |
| **Money Market Funds - 0.7%** |  |  |  |
|  Fidelity Investments Money Market Funds - Government Portfolio - Institutional Class - 2.86% (b) | Fidelity Investments Money Market Funds - Government Portfolio - Institutional Class - 2.86% (b) | 40046 | 40046 |
|  First American Government Obligations Fund - Class Z - 2.92% (b) | First American Government Obligations Fund - Class Z - 2.92% (b) | 40046 | 40046 |
|  First American Treasury Obligations Fund - Class Z - 3.06% (b) | First American Treasury Obligations Fund - Class Z - 3.06% (b) | 40046 | 40046 |
|  Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class - 2.88% (b) | Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class - 2.88% (b) | 40046 | 40046 |
|  Short-Term Investments Trust - Treasury Portfolio - Institutional Class - 3.05% (b) | Short-Term Investments Trust - Treasury Portfolio - Institutional Class - 3.05% (b) | 40046 | 40046 |
|  |  |  | **200230** |
|  |  | **PRINCIPAL<br>AMOUNT** | **FAIR VALUE** |
| **U.S. Treasury Bills - 100.9%** |  |  |  |
|  1.008%, 11/03/2022 (c)(d) |  | $75000 | 74991 |
|  0.519%, 12/29/2022 (c)(d) |  | 1250000 | 1242310 |
|  1.069%, 01/26/2023 (c)(d) |  | 2125000 | 2104771 |
|  1.121%, 02/23/2023 (c)(d) |  | 4150000 | 4095955 |
|  1.548%, 03/23/2023 (c)(d) |  | 5995000 | 5895807 |
|  1.940%, 04/20/2023 (c)(d) |  | 8325000 | 8153735 |
|  2.279%, 05/18/2023 (c)(d) |  | 1150000 | 1123712 |
|  2.820%, 06/15/2023 (c)(d) |  | 1500000 | 1460568 |
|  3.133%, 07/13/2023 (c)(d) |  | 1200000 | 1164249 |
|  3.183%, 08/10/2023 (c)(d) |  | 1250000 | 1208361 |
|  3.740%, 09/07/2023 (c)(d) |  | 2450000 | 2359677 |
|  4.607%, 10/05/2023 (c)(d) |  | 1025000 | 982393 |
|  |  |  | **29866529** |
|  **TOTAL SHORT-TERM INVESTMENTS** (Cost $30,349,310) |  |  | **30066759** |
|  **TOTAL INVESTMENTS** (Cost $30,350,635) - 101.6% |  |  | **30067519** |
|  **LIABILITIES IN EXCESS OF OTHER ASSETS - (1.6)%** |  |  | **(483334)** |
|  **TOTAL NET ASSETS - 100.0%** |  |  | $**29584185** |

---

Percentages are stated as a percent of net assets.

(a) Rounds to zero.

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

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**20** 

------

<u>Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE U.S. HEDGED EQUITY FUND**

**Written Options** 

---

| | | | |
|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>AMOUNT** | **FAIR VALUE** |
|  **PUT OPTIONS** |  |  |  |
|  CBOE S&P 500 Index, Expires 11/02/2022, Strike Price $3,850.00 | 10 | $3871980 | $27500 |
|  CBOE S&P 500 Index, Expires 11/02/2022, Strike Price $3,895.00 | 8 | 3097584 | 39600 |
|  CBOE S&P 500 Index, Expires 11/02/2022, Strike Price $3,900.00 | 8 | 3097584 | 42160 |
|  CBOE S&P 500 Index, Expires 11/04/2022, Strike Price $3,890.00 | 5 | 1935990 | 30250 |
|  CBOE S&P 500 Index, Expires 11/04/2022, Strike Price $3,895.00 | 10 | 3871980 | 63600 |
|  CBOE S&P 500 Index, Expires 11/04/2022, Strike Price $3,900.00 | 11 | 4259178 | 72710 |
|  CBOE S&P 500 Index, Expires 11/07/2022, Strike Price $3,875.00 | 10 | 3871980 | 57200 |
|  CBOE S&P 500 Index, Expires 11/07/2022, Strike Price $3,880.00 | 14 | 5420772 | 83580 |
|  **TOTAL PUT OPTIONS** (Premiums Received $423,195) |  |  | **416600** |
|  **TOTAL WRITTEN OPTIONS** (Premiums Received $423,195) |  |  | $**416600** |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**21** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **ACQUISTION<br>DATE** | **PRINCIPAL**<br> **AMOUNT** | **COST** | **FAIR VALUE** |
| **ASSET-BACKED SECURITIES - 7.9%** |  | | | |
| **United States - 7.9%** |  | | | |
|  AMSR 2022-SFR3 Trust (a)(b)(c) | 8/11/2022 | $2000000 | $1707412 | $1709356 |
|  Freed ABS Trust 2022-3FP (a)(b)(d) | 6/28/2022 | 2270000 | 2201785 | 2221842 |
|  Freed ABS Trust 2022-4FP (a)(b)(d) | 10/21/2022 | 550000 | 549929 | 549929 |
|  Lendingpoint Asset Securitization Trust 2022-C (a)(b)(d) | 9/23/2022 | 3000000 | 2871849 | 2870349 |
|  Marlette FDG TR 2022-02 (a)(b)(d) | 6/28/2022 | 1000000 | 984948 | 993306 |
|  Progress Re 2021-SFR1 (a)(b)(c) | 2/11/2021 | 1750000 | 1749957 | 1521879 |
|  Progress Re 2021-SFR10 (a)(b)(c) | 11/19/2021 | 5000000 | 4999872 | 4018420 |
|  Progress Re 2021-SFR2 (a)(b)(c) | 4/7/2021 | 3000000 | 2999930 | 2595530 |
|  Progress Re 2022-SFR3 (a)(b)(c) | 4/5/2022 | 3000000 | 2917628 | 2733327 |
|  Progress Re 2022-SFR5 (a)(b)(c) | 6/10/2022 | 1000000 | 993767 | 953068 |
|  Upgrade MSTR CR PT TR 2021-ST3 (a)(b)(d) | 5/27/2021 | 1419000 | 543055 | 252141 |
|  Upstart Pass-Through 2021-ST3 (a)(b)(d) | 4/8/2021 | 2850000 | 1216921 | 1252154 |
|  Upstart Pass-Through 2021-ST4 (a)(b)(d) | 5/13/2021 | 3060000 | 1449751 | 1451595 |
|  Upstart Pass-Through 2021-ST5 (a)(b)(d) | 6/3/2021 | 1000000 | 591781 | 591590 |
|  Upstart Securitization 2022-1 (a)(b)(d) | 4/1/2022 | 4200000 | 4034044 | 3745671 |
|  Upstart Securitization 2022-2 (a)(b)(d) | 5/26/2022 | 3150000 | 3133513 | 3064829 |
|  Upstart Securitization 2022-3 (a)(b)(d) | 6/29/2022 | 3600000 | 3529864 | 3533105 |
|  Upstart Securitization 2022-4 (a)(b)(d) | 8/16/2022 | 1214000 | 1213697 | 1203763 |
|  Upstart Structured Pass Through Trust 2022-4A (a)(b)(d) | 10/17/2022 | 500000 | 474510 | 474301 |
|  **TOTAL ASSET-BACKED SECURITIES** (Cost $38,164,213) |  |  |  | **35736155** |
|  |  |  | **SHARES** | **FAIR VALUE** |
| **INVESTMENT COMPANIES - 43.9%** |  |  |  |  |
| **Open-End Mutual Funds - 43.9%** |  |  |  |  |
|  Stone Ridge High Yield Reinsurance Risk Premium Fund - Class I (e) |  |  | 24493586 | 198153111 |
|  **TOTAL INVESTMENT COMPANIES** (Cost $218,424,974) |  |  |  | **198153111** |
|  |  | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>AMOUNT** | **FAIR VALUE** |
| **PURCHASED OPTIONS (f) - 0.0%** |  |  |  |  |
| **Put Options (f) - 0.0%** |  |  |  |  |
|  S&P 500 Index, Expires: 11/11/22, Strike Price: $2,500.00 |  | 140 | 54207720 | 350 |
|  S&P 500 Index, Expires: 11/11/22, Strike Price: $2,600.00 |  | 140 | 54207720 | 1050 |
|  S&P 500 Index, Expires: 11/25/22, Strike Price: $3,000.00 |  | 160 | 61951680 | 21200 |
|  S&P 500 Index, Expires: 11/25/22, Strike Price: $3,050.00 |  | 80 | 30975840 | 12600 |
|  Sugar Future, Expires: 11/15/22, Strike Price: $15.50 |  | 79 | 1589986 | 885 |
|  Sugar Future, Expires: 11/15/22, Strike Price: $15.75 |  | 76 | 1529606 | 851 |
|  Sugar Future, Expires: 11/15/22, Strike Price: $16.00 |  | 75 | 1509480 | 840 |
|  Sugar Future, Expires: 11/15/22, Strike Price: $16.25 |  | 72 | 1449101 | 1613 |
|  Sugar Future, Expires: 11/15/22, Strike Price: $16.50 |  | 70 | 1408848 | 1568 |
|  **TOTAL PUT OPTIONS** (Cost $147,839) |  |  |  | **40957** |
| **Call Options (f) - 0.0%** |  |  |  |  |
|  Sugar Future, Expires: 11/15/22, Strike Price: $17.75 |  | 60 | 1207584 | 29568 |
|  Sugar Future, Expires: 11/15/22, Strike Price: $18.00 |  | 58 | 1167331 | 19488 |
|  Sugar Future, Expires: 11/15/22, Strike Price: $18.25 |  | 57 | 1147205 | 12768 |
|  Sugar Future, Expires: 11/15/22, Strike Price: $18.50 |  | 55 | 1106952 | 8008 |
|  Sugar Future, Expires: 11/15/22, Strike Price: $20.75 |  | 18 | 362275 | 202 |
|  Sugar Future, Expires: 11/15/22, Strike Price: $21.00 |  | 41 | 825182 | 459 |
|  **TOTAL CALL OPTIONS** (Cost $105,550) |  |  |  | **70493** |
|  **TOTAL PURCHASED OPTIONS** (Cost $253,389) |  |  |  | **111450** |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**22** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | |
|:---|:---|:---|
|  | **SHARES** | **FAIR VALUE** |
| **SHORT-TERM INVESTMENTS - 37.9%** | | |
| **Money Market Funds - 6.3%** | | |
|  First American Government Obligations Fund - Class X 2.92% (g) | 14105191 | $14105191 |
|  Morgan Stanley Institutional Liquidity Funds - Government Portfolio - Institutional Class 2.88% (g) | 14105191 | 14105191 |
|  |  | **28210382** |
|  | **PRINCIPAL<br>AMOUNT** | **FAIR VALUE** |
| **U.S. Treasury Bills - 31.6%** |  |  |
|  1.172%, 2/23/2023 (h)(i) | $12139000 | 11980915 |
|  1.707%, 3/23/2023 (h)(i) | 11000000 | 10817994 |
|  1.979%, 4/20/2023 (h)(i) | 31300000 | 30656085 |
|  2.100%, 5/18/2023 (h)(i) | 12000000 | 11725688 |
|  2.717%, 6/15/2023 (h)(i) | 3000000 | 2921135 |
|  3.012%, 7/13/2023 (h)(i) | 29400000 | 28524113 |
|  3.395%, 8/10/2023 (h)(i) | 18000000 | 17400398 |
|  4.087%, 9/7/2023 (h)(i) | 22000000 | 21188941 |
|  4.543%, 10/5/2023 (h)(i) | 8000000 | 7667458 |
|  |  | **142882727** |
|  **TOTAL SHORT-TERM INVESTMENTS** (Cost $172,345,221) |  | **171093109** |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
|  **WHOLE LOANS - 11.1%** | **WHOLE LOANS - 11.1%** | **WHOLE LOANS - 11.1%** |  |  |  |
| **Consumer Loans - 11.1%** | **Consumer Loans - 11.1%** | **Consumer Loans - 11.1%** | | | |
| **United States - 11.1%** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 185043849.SRDLC, 13.49%, 02/10/2027 (a)(j) | Lending Club | 02/14/2022 | $11141 | $11141 | $10798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185102286.SRDLC, 8.99%, 02/16/2025 (a)(j) | Lending Club | 02/11/2022 | 6819 | 6819 | 6727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185222071.SRDLC, 14.19%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 2715 | 2715 | 2642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185240121.SRDLC, 14.99%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 22812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185241731.SRDLC, 18.49%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 11874 | 11874 | 11363 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185262054.SRDLC, 8.99%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 19209 | 19209 | 18943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185262514.SRDLC, 27.99%, 02/23/2025 (a)(j) | Lending Club | 02/16/2022 | 5961 | 5961 | 5738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185340369.SRDLC, 21.49%, 02/18/2027 (a)(j) | Lending Club | 02/23/2022 | 11019 | 11019 | 10515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185362448.SRDLC, 20.99%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 4970 | 4970 | 4773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185388732.SRDLC, 6.49%, 02/15/2025 (a)(j) | Lending Club | 02/16/2022 | 3972 | 3972 | 3919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185434476.SRDLC, 9.59%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 12028 | 12028 | 11795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185456190.SRDLC, 12.49%, 02/08/2025 (a)(j) | Lending Club | 02/16/2022 | 11293 | 11293 | 10981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185513199.SRDLC, 28.99%, 02/24/2027 (a)(j) | Lending Club | 02/28/2022 | 3362 | 3362 | 3214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185537602.SRDLC, 11.49%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 35892 | 35892 | 35058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185539968.SRDLC, 23.99%, 02/23/2027 (a)(j) | Lending Club | 02/16/2022 | 5585 | 5585 | 5342 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185575065.SRDLC, 24.99%, 02/25/2027 (a)(j)(k) | Lending Club | 03/01/2022 | 12332 | 12332 | 11763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185617758.SRDLC, 12.99%, 02/18/2025 (a)(j) | Lending Club | 02/11/2022 | 16514 | 16514 | 16083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185623354.SRDLC, 9.24%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 25632 | 25632 | 25151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185642943.SRDLC, 14.71%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 4660 | 4660 | 4533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185661524.SRDLC, 5.99%, 02/29/2024 (a)(j) | Lending Club | 02/18/2022 | 6818 | 6818 | 6759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185665084.SRDLC, 9.24%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 8009 | 8009 | 7854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185668066.SRDLC, 5.99%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 23790 | 23790 | 23452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185670728.SRDLC, 7.49%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 6440 | 6440 | 6358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185670829.SRDLC, 12.49%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 6470 | 6470 | 6297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185710985.SRDLC, 9.49%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 12850 | 12850 | 12550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185716280.SRDLC, 7.49%, 02/25/2025 (a)(j) | Lending Club | 03/01/2022 | 9561 | 9561 | 9429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185741639.SRDLC, 17.94%, 02/13/2025 (a)(j) | Lending Club | 02/15/2022 | 8225 | 8225 | 7963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185754712.SRDLC, 7.74%, 02/10/2025 (a)(j) | Lending Club | 02/14/2022 | 9568 | 9568 | 9434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185771295.SRDLC, 7.24%, 02/28/2025 (a)(j) | Lending Club | 02/24/2022 | 3987 | 3987 | 3934 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**23** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 185780292.SRDLC, 21.49%, 02/10/2027 (a)(j) | Lending Club | 02/14/2022 | $16555 | $16555 | $15747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185783823.SRDLC, 11.19%, 02/28/2027 (a)(j) | Lending Club | 02/24/2022 | 8995 | 8995 | 8782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185790106.SRDLC, 18.99%, 02/24/2025 (a)(j) | Lending Club | 02/15/2022 | 29075 | 29075 | 28048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185805124.SRDLC, 12.49%, 02/15/2025 (a)(j) | Lending Club | 02/17/2022 | 24269 | 24269 | 23649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185807144.SRDLC, 15.99%, 02/09/2027 (a)(j) | Lending Club | 02/11/2022 | 36316 | 36315 | 35013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185808493.SRDLC, 8.99%, 02/28/2027 (a)(j) | Lending Club | 02/23/2022 | 12069 | 12069 | 11857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185811543.SRDLC, 22.99%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 55 | 55 | 54 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185816655.SRDLC, 8.74%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 7429 | 7429 | 7323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185816728.SRDLC, 10.99%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 14414 | 14414 | 14145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185818512.SRDLC, 12.74%, 02/15/2027 (a)(j) | Lending Club | 03/02/2022 | 35828 | 35828 | 34729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185821978.SRDLC, 6.49%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 15885 | 15885 | 15666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185836040.SRDLC, 4.99%, 02/20/2025 (a)(j) | Lending Club | 02/15/2022 | 19003 | 19003 | 18744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185865725.SRDLC, 11.49%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 9678 | 9678 | 9496 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185866588.SRDLC, 20.44%, 02/28/2027 (a)(j) | Lending Club | 02/16/2022 | 22451 | 22451 | 21584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185884862.SRDLC, 30.49%, 06/22/2025 (a)(j)(k) | Lending Club | 02/24/2022 | 5065 | 5065 | 4889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185885230.SRDLC, 17.19%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 13659 | 13659 | 13214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185890987.SRDLC, 16.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 8841 | 8841 | 8534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185891666.SRDLC, 14.94%, 02/24/2027 (a)(j)(k) | Lending Club | 02/28/2022 | 25900 | 25900 | 25138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185919562.SRDLC, 18.19%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 8455 | 8455 | 8099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185924532.SRDLC, 8.99%, 02/17/2027 (a)(j) | Lending Club | 02/22/2022 | 35016 | 35016 | 34381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185930253.SRDLC, 7.09%, 02/24/2027 (a)(j) | Lending Club | 02/28/2022 | 14179 | 14179 | 13914 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185933330.SRDLC, 22.99%, 02/25/2025 (a)(j) | Lending Club | 03/01/2022 | 12491 | 12491 | 12057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185933778.SRDLC, 13.99%, 02/10/2025 (a)(j) | Lending Club | 02/14/2022 | 10784 | 10784 | 10492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185941933.SRDLC, 5.99%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 12688 | 12688 | 12509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185947404.SRDLC, 16.74%, 02/15/2027 (a)(j) | Lending Club | 02/17/2022 | 31494 | 31494 | 30403 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185965085.SRDLC, 4.99%, 02/11/2027 (a)(j) | Lending Club | 02/15/2022 | 13209 | 13209 | 12955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185970566.SRDLC, 5.09%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 2175 | 2175 | 2144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185982944.SRDLC, 5.99%, 02/15/2025 (a)(j) | Lending Club | 02/11/2022 | 2382 | 2382 | 2349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185983273.SRDLC, 5.09%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 14629 | 14629 | 14420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185987276.SRDLC, 11.69%, 02/02/2025 (a)(j) | Lending Club | 02/11/2022 | 12067 | 12067 | 11829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185994538.SRDLC, 10.09%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 32123 | 32123 | 31498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 185995458.SRDLC, 8.99%, 02/15/2027 (a)(j) | Lending Club | 02/17/2022 | 13366 | 13366 | 13118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186000295.SRDLC, 25.99%, 02/17/2027 (a)(j)(k) | Lending Club | 02/16/2022 | 13425 | 13425 | 2045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186000552.SRDLC, 12.74%, 02/15/2025 (a)(j) | Lending Club | 02/11/2022 | 9740 | 9740 | 9485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186002006.SRDLC, 5.94%, 02/28/2025 (a)(j) | Lending Club | 02/18/2022 | 8609 | 8609 | 8484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186004968.SRDLC, 6.59%, 02/28/2025 (a)(j)(k) | Lending Club | 03/02/2022 | 7762 | 7761 | 1129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186008277.SRDLC, 17.94%, 02/23/2025 (a)(j)(k) | Lending Club | 02/25/2022 | 31182 | 31182 | 4801 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186008308.SRDLC, 11.24%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 9670 | 9670 | 9490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186008372.SRDLC, 7.24%, 03/07/2025 (a)(j) | Lending Club | 03/04/2022 | 7902 | 7902 | 7794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186012573.SRDLC, 7.09%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 7957 | 7957 | 7846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186016502.SRDLC, 14.19%, 04/19/2027 (a)(j) | Lending Club | 03/08/2022 | 22140 | 22140 | 21528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186016736.SRDLC, 6.59%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 15292 | 15292 | 14998 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186019656.SRDLC, 23.99%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 5009 | 5009 | 4813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186019990.SRDLC, 8.24%, 02/15/2025 (a)(j) | Lending Club | 02/17/2022 | 11978 | 11978 | 11812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186020936.SRDLC, 7.99%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 2394 | 2394 | 2360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186023728.SRDLC, 5.99%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 6344 | 6344 | 6254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186024590.SRDLC, 6.59%, 02/09/2027 (a)(j) | Lending Club | 02/11/2022 | 13273 | 13273 | 13019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186025925.SRDLC, 14.19%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 13744 | 13744 | 13319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186029660.SRDLC, 6.59%, 02/15/2027 (a)(j) | Lending Club | 02/17/2022 | 25661 | 25661 | 25176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186031815.SRDLC, 11.99%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 9692 | 9692 | 9501 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186034822.SRDLC, 9.49%, 02/16/2027 (a)(j) | Lending Club | 02/18/2022 | 26770 | 26770 | 26128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186035989.SRDLC, 6.49%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 5719 | 5719 | 5637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186036775.SRDLC, 8.49%, 02/11/2025 (a)(j) | Lending Club | 02/11/2022 | 15993 | 15993 | 15778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186036790.SRDLC, 7.44%, 02/15/2027 (a)(j) | Lending Club | 02/17/2022 | 31048 | 31048 | 30465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186038132.SRDLC, 24.99%, 03/03/2027 (a)(j) | Lending Club | 03/01/2022 | 18188 | 18188 | 17248 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186038736.SRDLC, 10.49%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 8040 | 8040 | 7890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186039362.SRDLC, 7.24%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 2938 | 2938 | 2906 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**24** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186040653.SRDLC, 12.69%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | $36008 | $36008 | $34908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186041625.SRDLC, 17.99%, 03/19/2025 (a)(j) | Lending Club | 03/09/2022 | 21263 | 21492 | 21079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186050704.SRDLC, 13.04%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 3240 | 3240 | 3151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186051440.SRDLC, 23.49%, 02/09/2027 (a)(j) | Lending Club | 02/11/2022 | 13856 | 13856 | 13169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186052585.SRDLC, 26.49%, 02/21/2025 (a)(j) | Lending Club | 02/14/2022 | 8040 | 8040 | 7755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186052715.SRDLC, 10.24%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 18242 | 18242 | 17803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186058758.SRDLC, 5.09%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 17397 | 17397 | 17148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186058908.SRDLC, 17.69%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 3694 | 3694 | 3571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186059526.SRDLC, 12.19%, 02/10/2027 (a)(j) | Lending Club | 02/14/2022 | 9889 | 9889 | 9583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186060302.SRDLC, 5.99%, 02/17/2025 (a)(j) | Lending Club | 02/22/2022 | 19825 | 19825 | 19550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186061425.SRDLC, 6.59%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 15890 | 15890 | 15664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186063741.SRDLC, 20.49%, 03/04/2025 (a)(j)(k) | Lending Club | 03/08/2022 | 13313 | 13485 | 5561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186063949.SRDLC, 4.99%, 02/10/2025 (a)(j) | Lending Club | 02/14/2022 | 3162 | 3162 | 3117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186064509.SRDLC, 5.59%, 02/09/2025 (a)(j) | Lending Club | 02/11/2022 | 2772 | 2772 | 2732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186068704.SRDLC, 8.49%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 26952 | 26952 | 26577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186070979.SRDLC, 7.24%, 02/10/2025 (a)(j) | Lending Club | 02/14/2022 | 3980 | 3980 | 3925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186075189.SRDLC, 28.99%, 02/11/2027 (a)(j) | Lending Club | 02/15/2022 | 9340 | 9340 | 8890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186078991.SRDLC, 13.74%, 03/28/2027 (a)(j) | Lending Club | 02/14/2022 | 8849 | 8849 | 8601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186080289.SRDLC, 6.49%, 02/10/2025 (a)(j) | Lending Club | 02/14/2022 | 5560 | 5560 | 5481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186083977.SRDLC, 10.24%, 02/10/2027 (a)(j) | Lending Club | 02/14/2022 | 7601 | 7601 | 7417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186084237.SRDLC, 5.99%, 02/16/2025 (a)(j) | Lending Club | 02/14/2022 | 12705 | 12705 | 12532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186084600.SRDLC, 7.59%, 02/15/2027 (a)(j) | Lending Club | 02/11/2022 | 33775 | 33775 | 33148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186086541.SRDLC, 24.99%, 02/11/2027 (a)(j)(k) | Lending Club | 02/15/2022 | 9047 | 9046 | 8608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186087410.SRDLC, 11.99%, 02/09/2025 (a)(j)(k) | Lending Club | 02/11/2022 | 10288 | 10288 | 2048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186088225.SRDLC, 24.99%, 02/22/2027 (a)(j)(k) | Lending Club | 02/23/2022 | 23478 | 23478 | 22559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186089886.SRDLC, 16.94%, 02/09/2027 (a)(j) | Lending Club | 02/11/2022 | 16422 | 16422 | 15858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186092349.SRDLC, 15.99%, 02/14/2027 (a)(j) | Lending Club | 02/11/2022 | 18204 | 18204 | 17592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186094747.SRDLC, 10.59%, 02/24/2025 (a)(j) | Lending Club | 02/22/2022 | 18549 | 18549 | 18215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186094950.SRDLC, 6.99%, 02/16/2025 (a)(j) | Lending Club | 02/18/2022 | 6563 | 6563 | 6471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186096639.SRDLC, 7.59%, 02/10/2027 (a)(j) | Lending Club | 02/14/2022 | 34612 | 34612 | 33959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186098721.SRDLC, 12.24%, 02/11/2027 (a)(j) | Lending Club | 02/15/2022 | 29177 | 29177 | 28279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186100035.SRDLC, 16.99%, 02/18/2025 (a)(j) | Lending Club | 02/14/2022 | 4035 | 4035 | 3905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186103667.SRDLC, 5.99%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 12688 | 12688 | 12509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186106421.SRDLC, 5.99%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 14274 | 14274 | 14077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186106808.SRDLC, 23.49%, 02/10/2027 (a)(j) | Lending Club | 02/14/2022 | 6466 | 6466 | 6151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186107208.SRDLC, 18.49%, 02/10/2027 (a)(j) | Lending Club | 02/14/2022 | 12788 | 12788 | 12229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186107664.SRDLC, 11.99%, 02/22/2025 (a)(j) | Lending Club | 02/14/2022 | 32471 | 32471 | 31896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186108436.SRDLC, 10.49%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 4806 | 4806 | 4713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186108490.SRDLC, 14.99%, 02/10/2027 (a)(j) | Lending Club | 02/14/2022 | 7245 | 7245 | 7023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186110286.SRDLC, 9.24%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 4405 | 4405 | 4323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186115028.SRDLC, 22.99%, 03/03/2025 (a)(j)(k) | Lending Club | 03/07/2022 | 4657 | 4718 | 1991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186116099.SRDLC, 18.19%, 02/10/2027 (a)(j) | Lending Club | 02/14/2022 | 7302 | 7302 | 6983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186118888.SRDLC, 29.49%, 03/02/2027 (a)(j) | Lending Club | 03/04/2022 | 14156 | 14156 | 13413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186118898.SRDLC, 10.59%, 02/17/2025 (a)(j) | Lending Club | 02/22/2022 | 16085 | 16085 | 15782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186119179.SRDLC, 27.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 2592 | 2621 | 2548 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186119250.SRDLC, 16.19%, 02/28/2025 (a)(j) | Lending Club | 02/23/2022 | 4933 | 4933 | 4783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186120139.SRDLC, 12.74%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 4452 | 4452 | 4332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186120864.SRDLC, 23.49%, 03/20/2027 (a)(j) | Lending Club | 03/15/2022 | 17387 | 17387 | 16626 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186122704.SRDLC, 14.49%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 6284 | 6284 | 6115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186124468.SRDLC, 9.34%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 11596 | 11596 | 11322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186126018.SRDLC, 19.99%, 02/24/2027 (a)(j) | Lending Club | 02/28/2022 | 8089 | 8089 | 7762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186127839.SRDLC, 15.19%, 02/11/2027 (a)(j) | Lending Club | 02/15/2022 | 5889 | 5889 | 5682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186129128.SRDLC, 13.24%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 20549 | 20549 | 19994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186130342.SRDLC, 5.99%, 02/17/2025 (a)(j) | Lending Club | 02/15/2022 | 28585 | 28585 | 28198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186131293.SRDLC, 15.19%, 02/26/2027 (a)(j) | Lending Club | 02/15/2022 | 12698 | 12698 | 12303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186133242.SRDLC, 9.34%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 4805 | 4805 | 4711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186133493.SRDLC, 14.49%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 14644 | 14644 | 14249 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**25** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186134601.SRDLC, 6.59%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | $3933 | $3933 | $3877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186134822.SRDLC, 8.99%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 2766 | 2766 | 2729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186135609.SRDLC, 10.49%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 8040 | 8040 | 7884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186135953.SRDLC, 19.99%, 02/24/2027 (a)(j) | Lending Club | 02/15/2022 | 7398 | 7398 | 7093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186136661.SRDLC, 6.49%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 7147 | 7147 | 7047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186137516.SRDLC, 23.49%, 02/11/2027 (a)(j) | Lending Club | 02/15/2022 | 23094 | 23094 | 21984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186137950.SRDLC, 4.99%, 02/28/2027 (a)(j) | Lending Club | 02/16/2022 | 24717 | 24717 | 24260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186139201.SRDLC, 15.99%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 8170 | 8170 | 7895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186139447.SRDLC, 15%, 08/25/2027 (a)(j)(k) | Lending Club | 02/16/2022 | 35389 | 35389 | 18173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186139498.SRDLC, 12.49%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 8088 | 8088 | 7870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186143484.SRDLC, 18.44%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 3807 | 3807 | 3648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186144111.SRDLC, 12.34%, 02/23/2025 (a)(j) | Lending Club | 02/15/2022 | 8120 | 8120 | 7923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186144333.SRDLC, 6.59%, 02/16/2027 (a)(j) | Lending Club | 02/15/2022 | 12981 | 12981 | 12737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186145906.SRDLC, 13.69%, 02/11/2027 (a)(j) | Lending Club | 02/15/2022 | 19858 | 19858 | 19274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186147186.SRDLC, 18.49%, 02/16/2027 (a)(j) | Lending Club | 02/15/2022 | 5498 | 5498 | 5268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186149504.SRDLC, 30.99%, 02/11/2027 (a)(j) | Lending Club | 02/15/2022 | 18749 | 18749 | 17848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186152098.SRDLC, 22.99%, 02/15/2025 (a)(j) | Lending Club | 02/15/2022 | 8355 | 8355 | 8041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186152237.SRDLC, 18.49%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 12788 | 12788 | 12237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186153238.SRDLC, 7.49%, 02/18/2025 (a)(j) | Lending Club | 02/15/2022 | 31948 | 31948 | 31521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186154920.SRDLC, 4.99%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 15020 | 15020 | 14807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186156292.SRDLC, 14.49%, 02/11/2027 (a)(j) | Lending Club | 02/15/2022 | 14471 | 14471 | 14030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186156482.SRDLC, 24.99%, 02/11/2027 (a)(j) | Lending Club | 02/15/2022 | 18533 | 18533 | 17638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186158244.SRDLC, 22.99%, 02/11/2025 (a)(j) | Lending Club | 02/15/2022 | 2498 | 2498 | 2400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186160074.SRDLC, 16.94%, 02/25/2027 (a)(j) | Lending Club | 03/01/2022 | 8190 | 8190 | 7921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186161317.SRDLC, 23.19%, 03/02/2027 (a)(j) | Lending Club | 03/04/2022 | 18668 | 18668 | 17692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186161926.SRDLC, 9.84%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 16321 | 16321 | 16012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186163058.SRDLC, 20.44%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 5506 | 5506 | 5279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186163232.SRDLC, 8.99%, 02/18/2025 (a)(j) | Lending Club | 02/16/2022 | 8014 | 8014 | 7908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186163249.SRDLC, 6.49%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 2868 | 2868 | 2831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186163618.SRDLC, 5.99%, 02/18/2025 (a)(j) | Lending Club | 02/16/2022 | 15080 | 15080 | 14876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186164619.SRDLC, 9.84%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 26479 | 26479 | 25966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186165363.SRDLC, 7.59%, 02/15/2027 (a)(j) | Lending Club | 02/17/2022 | 8875 | 8875 | 8708 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186165439.SRDLC, 8.74%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 17672 | 17672 | 17425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186168326.SRDLC, 14.01%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 8781 | 8781 | 8517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186169162.SRDLC, 21.49%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 1071 | 1071 | 1037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186169655.SRDLC, 7.24%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 4777 | 4777 | 4710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186170254.SRDLC, 4.99%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 18182 | 18182 | 17924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186170688.SRDLC, 9.49%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 17847 | 17847 | 17416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186171063.SRDLC, 20.99%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 22046 | 22046 | 21101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186173853.SRDLC, 5.99%, 02/17/2025 (a)(j) | Lending Club | 02/22/2022 | 31720 | 31720 | 31280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186176306.SRDLC, 9.24%, 02/25/2025 (a)(j) | Lending Club | 02/16/2022 | 16078 | 16078 | 15792 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186176757.SRDLC, 9.09%, 02/05/2025 (a)(j) | Lending Club | 02/16/2022 | 4306 | 4306 | 4226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186177397.SRDLC, 7.84%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 27915 | 27915 | 27526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186177952.SRDLC, 9.34%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 28044 | 28044 | 27500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186178681.SRDLC, 22.99%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 4996 | 4996 | 4804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186180834.SRDLC, 9.09%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 2697 | 2697 | 2646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186182819.SRDLC, 7.24%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 9553 | 9553 | 9420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186183312.SRDLC, 18.99%, 02/26/2027 (a)(j) | Lending Club | 02/16/2022 | 8283 | 8283 | 7942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186183710.SRDLC, 6.49%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 8300 | 8300 | 8183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186187343.SRDLC, 9.34%, 02/17/2025 (a)(j) | Lending Club | 02/22/2022 | 7198 | 7198 | 7062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186188347.SRDLC, 15.24%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 8156 | 8156 | 7870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186192404.SRDLC, 11.49%, 03/01/2025 (a)(j) | Lending Club | 02/24/2022 | 1836 | 1836 | 1800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186193863.SRDLC, 21.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 6649 | 6721 | 6558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186193980.SRDLC, 6.74%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 11923 | 11923 | 11756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186194140.SRDLC, 7.49%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 7967 | 7967 | 7856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186194306.SRDLC, 6.99%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 14319 | 14319 | 14118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186198172.SRDLC, 8.99%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 29214 | 29214 | 28809 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**26** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186199812.SRDLC, 16.44%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | $4908 | $4908 | $4745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186200044.SRDLC, 20.99%, 02/14/2027 (a)(j)(k) | Lending Club | 02/16/2022 | 33761 | 33761 | 4909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186203190.SRDLC, 29.99%, 02/24/2027 (a)(j) | Lending Club | 02/28/2022 | 17218 | 17218 | 16457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186203478.SRDLC, 6.99%, 02/10/2025 (a)(j) | Lending Club | 02/16/2022 | 4668 | 4668 | 4604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186204014.SRDLC, 10.19%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 12517 | 12517 | 12224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186204229.SRDLC, 10.99%, 02/17/2025 (a)(j) | Lending Club | 02/22/2022 | 4876 | 4876 | 4788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186205484.SRDLC, 23.99%, 02/14/2025 (a)(j)(k) | Lending Club | 02/16/2022 | 535 | 535 | 78 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186205905.SRDLC, 8.59%, 02/15/2027 (a)(j) | Lending Club | 02/17/2022 | 12461 | 12461 | 12229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186207781.SRDLC, 9.49%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 22309 | 22309 | 21770 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186208596.SRDLC, 4.99%, 02/16/2027 (a)(j) | Lending Club | 02/16/2022 | 28188 | 28188 | 27660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186208796.SRDLC, 11.84%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 7760 | 7760 | 7615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186210843.SRDLC, 5.99%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 19825 | 19825 | 19546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186211572.SRDLC, 14.99%, 02/28/2027 (a)(j) | Lending Club | 02/16/2022 | 4558 | 4558 | 4441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186212884.SRDLC, 9.99%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 10723 | 10723 | 10472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186215262.SRDLC, 15.44%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 2447 | 2447 | 2366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186217507.SRDLC, 24.49%, 02/15/2025 (a)(j) | Lending Club | 02/17/2022 | 12540 | 12540 | 12060 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186219997.SRDLC, 6.99%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 26578 | 26578 | 26076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186222490.SRDLC, 17.19%, 02/16/2027 (a)(j) | Lending Club | 02/18/2022 | 36423 | 36423 | 35170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186223918.SRDLC, 7.59%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 15975 | 15975 | 15674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186226030.SRDLC, 23.49%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 9237 | 9237 | 8795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186227457.SRDLC, 12.49%, 02/28/2025 (a)(j) | Lending Club | 02/16/2022 | 3313 | 3313 | 3225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186227792.SRDLC, 14.19%, 03/02/2025 (a)(j) | Lending Club | 03/04/2022 | 16744 | 16744 | 16267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186228314.SRDLC, 12.49%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 12132 | 12132 | 11807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186229168.SRDLC, 12.19%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 8081 | 8081 | 7864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186230040.SRDLC, 8.24%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 1278 | 1278 | 1260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186230332.SRDLC, 15.44%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 8157 | 8157 | 7900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186230437.SRDLC, 13.24%, 02/10/2025 (a)(j) | Lending Club | 02/16/2022 | 9292 | 9291 | 9048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186231687.SRDLC, 4.99%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 14090 | 14090 | 13826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186232036.SRDLC, 10.99%, 02/15/2025 (a)(j) | Lending Club | 02/17/2022 | 9663 | 9663 | 9477 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186232907.SRDLC, 5.09%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 8698 | 8698 | 8575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186233955.SRDLC, 6.49%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 7942 | 7942 | 7831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186235024.SRDLC, 5.99%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 3965 | 3965 | 3909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186237910.SRDLC, 23.49%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 18473 | 18473 | 17588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186239039.SRDLC, 5.09%, 02/14/2025 (a)(j) | Lending Club | 02/16/2022 | 10297 | 10297 | 10157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186240458.SRDLC, 17.24%, 02/14/2027 (a)(j) | Lending Club | 02/16/2022 | 27320 | 27320 | 26370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186240797.SRDLC, 13.49%, 02/15/2027 (a)(j) | Lending Club | 02/17/2022 | 13212 | 13212 | 12818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186243917.SRDLC, 8.49%, 03/07/2025 (a)(j)(k) | Lending Club | 03/09/2022 | 27780 | 27780 | 4039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186243926.SRDLC, 5.09%, 02/15/2025 (a)(j) | Lending Club | 02/17/2022 | 17397 | 17397 | 17151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186245604.SRDLC, 5.99%, 02/15/2025 (a)(j)(k) | Lending Club | 02/17/2022 | 24364 | 24364 | 3543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186253758.SRDLC, 10.49%, 02/16/2025 (a)(j) | Lending Club | 02/18/2022 | 28945 | 28945 | 28391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186253866.SRDLC, 6.49%, 02/15/2025 (a)(j) | Lending Club | 02/17/2022 | 7942 | 7942 | 7831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186254716.SRDLC, 9.59%, 02/15/2025 (a)(j) | Lending Club | 02/17/2022 | 12028 | 12028 | 11796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186255930.SRDLC, 21.49%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 12317 | 12317 | 11868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186258464.SRDLC, 24.99%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 18730 | 18730 | 17795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186261645.SRDLC, 9.84%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 9107 | 9107 | 8938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186262246.SRDLC, 23.99%, 02/28/2027 (a)(j)(k) | Lending Club | 02/22/2022 | 28539 | 28539 | 27139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186263107.SRDLC, 23.99%, 02/15/2027 (a)(j) | Lending Club | 02/17/2022 | 22794 | 22794 | 21712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186263527.SRDLC, 15.94%, 02/15/2027 (a)(j) | Lending Club | 02/17/2022 | 30864 | 30864 | 29793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186263569.SRDLC, 10.54%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 15279 | 15279 | 14995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186263958.SRDLC, 12.99%, 02/14/2025 (a)(j) | Lending Club | 02/28/2022 | 8066 | 8066 | 7850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186264535.SRDLC, 30.99%, 03/08/2027 (a)(j)(k) | Lending Club | 02/28/2022 | 19406 | 19406 | 1583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186264830.SRDLC, 9.34%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 19623 | 19623 | 19161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186265083.SRDLC, 14.69%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 31663 | 31663 | 30739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186266713.SRDLC, 8.99%, 02/16/2027 (a)(j) | Lending Club | 02/18/2022 | 21386 | 21386 | 20990 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186266842.SRDLC, 10.49%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 2412 | 2412 | 2367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186269763.SRDLC, 10.24%, 02/16/2027 (a)(j) | Lending Club | 02/18/2022 | 10731 | 10731 | 10474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186270920.SRDLC, 18.99%, 02/24/2025 (a)(j)(k) | Lending Club | 02/28/2022 | 2744 | 2744 | 219 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**27** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186271797.SRDLC, 9.24%, 02/16/2025 (a)(j) | Lending Club | 02/18/2022 | $24030 | $24030 | $23568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186271799.SRDLC, 20.49%, 02/15/2027 (a)(j) | Lending Club | 02/17/2022 | 20189 | 20189 | 19327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186272685.SRDLC, 8.99%, 03/15/2025 (a)(j) | Lending Club | 03/09/2022 | 14489 | 14489 | 14295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186273429.SRDLC, 9.34%, 02/01/2025 (a)(j) | Lending Club | 02/18/2022 | 8773 | 8773 | 8594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186280147.SRDLC, 20.99%, 02/15/2027 (a)(j) | Lending Club | 02/17/2022 | 15418 | 15418 | 14760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186281130.SRDLC, 6.59%, 02/25/2025 (a)(j) | Lending Club | 02/18/2022 | 20581 | 20581 | 20310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186283677.SRDLC, 5.99%, 02/05/2025 (a)(j) | Lending Club | 02/18/2022 | 31644 | 31644 | 31203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186285554.SRDLC, 8.99%, 03/17/2025 (a)(j) | Lending Club | 03/11/2022 | 16562 | 16562 | 16337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186288696.SRDLC, 21.99%, 02/16/2025 (a)(j)(k) | Lending Club | 02/18/2022 | 7199 | 7199 | 1047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186288822.SRDLC, 8.99%, 02/17/2025 (a)(j) | Lending Club | 02/22/2022 | 4986 | 4986 | 4928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186290975.SRDLC, 16.49%, 02/18/2027 (a)(j) | Lending Club | 02/23/2022 | 5454 | 5454 | 5271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186291079.SRDLC, 28.99%, 02/25/2027 (a)(j) | Lending Club | 03/01/2022 | 15216 | 15216 | 14483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186291293.SRDLC, 30.99%, 03/17/2027 (a)(j) | Lending Club | 03/21/2022 | 11391 | 11530 | 11247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186295500.SRDLC, 14.69%, 02/18/2027 (a)(j) | Lending Club | 02/23/2022 | 24433 | 24433 | 23715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186296041.SRDLC, 7.59%, 02/17/2027 (a)(j) | Lending Club | 02/22/2022 | 10184 | 10184 | 9995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186296227.SRDLC, 23.99%, 02/16/2027 (a)(j) | Lending Club | 02/18/2022 | 23118 | 23118 | 22028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186297344.SRDLC, 9.24%, 02/17/2025 (a)(j) | Lending Club | 02/22/2022 | 1282 | 1282 | 1257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186297382.SRDLC, 9.24%, 02/17/2025 (a)(j) | Lending Club | 02/22/2022 | 4966 | 4966 | 4872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186298102.SRDLC, 28.99%, 03/16/2025 (a)(j)(k) | Lending Club | 03/18/2022 | 3606 | 3643 | 3553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186301354.SRDLC, 12.12%, 02/17/2027 (a)(j) | Lending Club | 02/22/2022 | 35953 | 35953 | 34881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186305524.SRDLC, 7.09%, 02/18/2027 (a)(j) | Lending Club | 02/23/2022 | 13293 | 13293 | 13046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186305780.SRDLC, 5.99%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 12688 | 12688 | 12513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186306461.SRDLC, 5.99%, 02/16/2025 (a)(j) | Lending Club | 02/18/2022 | 5710 | 5710 | 5630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186308416.SRDLC, 12.49%, 02/16/2025 (a)(j) | Lending Club | 02/18/2022 | 3882 | 3882 | 3779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186310528.SRDLC, 24.99%, 02/18/2027 (a)(j) | Lending Club | 02/23/2022 | 22240 | 22240 | 21228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186311093.SRDLC, 25.49%, 02/22/2025 (a)(j)(k) | Lending Club | 02/24/2022 | 18849 | 18849 | 2741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186311139.SRDLC, 18.44%, 02/16/2025 (a)(j) | Lending Club | 02/18/2022 | 32905 | 32905 | 31617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186314151.SRDLC, 5.99%, 02/17/2025 (a)(j) | Lending Club | 02/22/2022 | 16653 | 16653 | 16422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186314710.SRDLC, 28.99%, 02/16/2027 (a)(j) | Lending Club | 02/18/2022 | 11208 | 11208 | 10682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186314998.SRDLC, 10.49%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 32161 | 32161 | 31560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186315514.SRDLC, 7.84%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 6381 | 6381 | 6293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186315573.SRDLC, 14.94%, 02/16/2027 (a)(j)(k) | Lending Club | 02/18/2022 | 5554 | 5554 | 5402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186316064.SRDLC, 23.99%, 03/02/2027 (a)(j) | Lending Club | 03/04/2022 | 11218 | 11218 | 10630 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186318381.SRDLC, 14.99%, 02/16/2027 (a)(j) | Lending Club | 02/18/2022 | 15439 | 15439 | 14986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186318619.SRDLC, 15.99%, 02/28/2027 (a)(j) | Lending Club | 02/23/2022 | 16029 | 16029 | 15743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186318804.SRDLC, 18.49%, 02/16/2025 (a)(j) | Lending Club | 02/18/2022 | 9052 | 9052 | 8710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186321143.SRDLC, 15.94%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 25404 | 25404 | 24555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186323534.SRDLC, 5.99%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 15860 | 15860 | 15640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186329289.SRDLC, 7.09%, 02/17/2025 (a)(j) | Lending Club | 02/22/2022 | 4774 | 4774 | 4709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186330289.SRDLC, 30.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 14190 | 14363 | 14018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186330393.SRDLC, 9.34%, 02/05/2025 (a)(j) | Lending Club | 02/23/2022 | 15954 | 15954 | 15651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186330563.SRDLC, 9.84%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 26797 | 26797 | 26167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186333355.SRDLC, 12.99%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 9009 | 9009 | 8744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186333856.SRDLC, 21.49%, 02/24/2027 (a)(j) | Lending Club | 02/28/2022 | 27592 | 27592 | 26369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186335388.SRDLC, 22.99%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 4179 | 4179 | 4032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186338039.SRDLC, 9.99%, 03/15/2025 (a)(j) | Lending Club | 03/10/2022 | 10959 | 10959 | 10753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186338182.SRDLC, 26.49%, 02/24/2025 (a)(j) | Lending Club | 02/28/2022 | 7562 | 7562 | 7296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186339093.SRDLC, 17.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 7183 | 7261 | 7121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186340276.SRDLC, 16.99%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 8850 | 8850 | 8535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186340874.SRDLC, 10.09%, 03/18/2025 (a)(j) | Lending Club | 03/08/2022 | 4162 | 4162 | 4087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186341316.SRDLC, 9.74%, 02/17/2027 (a)(j) | Lending Club | 02/22/2022 | 17859 | 17859 | 17437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186342352.SRDLC, 16.49%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 8420 | 8420 | 8139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186342803.SRDLC, 18.44%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 8236 | 8236 | 7934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186344749.SRDLC, 23.99%, 02/24/2025 (a)(j) | Lending Club | 02/28/2022 | 5009 | 5009 | 4833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186345496.SRDLC, 18.19%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 31947 | 31947 | 30635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186346831.SRDLC, 30.99%, 09/23/2027 (a)(j)(k) | Lending Club | 03/25/2022 | 16879 | 17098 | 2454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186350286.SRDLC, 7.49%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 5976 | 5976 | 5897 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**28** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186352548.SRDLC, 8.49%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | $15992 | $15992 | $15783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186353252.SRDLC, 18.99%, 02/24/2025 (a)(j) | Lending Club | 02/22/2022 | 4140 | 4140 | 3989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186355122.SRDLC, 23.99%, 02/17/2027 (a)(j) | Lending Club | 02/22/2022 | 9247 | 9247 | 8823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186356513.SRDLC, 14.19%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 7713 | 7713 | 7520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186356520.SRDLC, 20.49%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 27857 | 27857 | 26598 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186358108.SRDLC, 16.69%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 2935 | 2935 | 2871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186359383.SRDLC, 15.99%, 02/11/2025 (a)(j) | Lending Club | 02/22/2022 | 20352 | 20352 | 19690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186359587.SRDLC, 19.94%, 02/17/2027 (a)(j) | Lending Club | 02/22/2022 | 15581 | 15581 | 14933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186360338.SRDLC, 30.99%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 5676 | 5745 | 5595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186362290.SRDLC, 9.69%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 2005 | 2005 | 1968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186365788.SRDLC, 23.99%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 27752 | 27752 | 26402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186365957.SRDLC, 30.99%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 13887 | 14052 | 13641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186366292.SRDLC, 11.99%, 02/07/2025 (a)(j) | Lending Club | 02/23/2022 | 2192 | 2192 | 2152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186366745.SRDLC, 22.49%, 02/17/2025 (a)(j) | Lending Club | 02/22/2022 | 9980 | 9980 | 9612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186366857.SRDLC, 30.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 5865 | 5937 | 5773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186367313.SRDLC, 6.59%, 02/20/2027 (a)(j) | Lending Club | 02/23/2022 | 35410 | 35410 | 34765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186367879.SRDLC, 8.99%, 02/18/2027 (a)(j) | Lending Club | 02/23/2022 | 35643 | 35643 | 34991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186368614.SRDLC, 23.99%, 02/28/2027 (a)(j) | Lending Club | 02/23/2022 | 17753 | 17753 | 17009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186374382.SRDLC, 5.99%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 19825 | 19825 | 19551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186376281.SRDLC, 7.09%, 02/18/2027 (a)(j) | Lending Club | 02/23/2022 | 22988 | 22988 | 22559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186376929.SRDLC, 8.99%, 04/26/2025 (a)(j) | Lending Club | 03/09/2022 | 2392 | 2392 | 2360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186378594.SRDLC, 10.54%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 7237 | 7237 | 7103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186381065.SRDLC, 13.99%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 26195 | 26195 | 25429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186382921.SRDLC, 8.74%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 7998 | 7998 | 7889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186384422.SRDLC, 10.89%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 4025 | 4025 | 3949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186388373.SRDLC, 6.49%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 7942 | 7942 | 7833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186388863.SRDLC, 12.24%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 6568 | 6568 | 6360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186388985.SRDLC, 4.99%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 26418 | 26418 | 25919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186389884.SRDLC, 15.99%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 24511 | 24511 | 23724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186390394.SRDLC, 23.99%, 02/18/2027 (a)(j) | Lending Club | 02/23/2022 | 13871 | 13871 | 13239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186399374.SRDLC, 6.74%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 20667 | 20667 | 20382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186401408.SRDLC, 22.99%, 02/26/2025 (a)(j) | Lending Club | 02/25/2022 | 4175 | 4175 | 4028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186404263.SRDLC, 20.99%, 03/02/2027 (a)(j) | Lending Club | 03/04/2022 | 9295 | 9295 | 8869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186406480.SRDLC, 14.19%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 21690 | 21690 | 21056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186407529.SRDLC, 23.49%, 02/18/2027 (a)(j) | Lending Club | 02/23/2022 | 11085 | 11085 | 10580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186407769.SRDLC, 27.99%, 03/02/2025 (a)(j) | Lending Club | 03/17/2022 | 5121 | 5177 | 5019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186409868.SRDLC, 13.24%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 16588 | 16588 | 16101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186410723.SRDLC, 13.24%, 02/18/2025 (a)(j) | Lending Club | 02/23/2022 | 9727 | 9727 | 9476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186411740.SRDLC, 5.09%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 7591 | 7591 | 7486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186412503.SRDLC, 7.59%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 7693 | 7693 | 7587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186414924.SRDLC, 7.59%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 23962 | 23962 | 23519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186415311.SRDLC, 5.49%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 11876 | 11876 | 11712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186417393.SRDLC, 28.74%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 12990 | 13133 | 12776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186420008.SRDLC, 12.99%, 02/24/2025 (a)(j) | Lending Club | 02/28/2022 | 3240 | 3240 | 3158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186422320.SRDLC, 21.49%, 02/18/2027 (a)(j) | Lending Club | 02/23/2022 | 13796 | 13796 | 13165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186422693.SRDLC, 14.19%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 20786 | 20786 | 20179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186423051.SRDLC, 5.99%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 19825 | 19825 | 19551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186423124.SRDLC, 25.49%, 02/24/2025 (a)(j) | Lending Club | 02/28/2022 | 16762 | 16762 | 16173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186424467.SRDLC, 17.49%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 6752 | 6825 | 6672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186425657.SRDLC, 8.79%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 8799 | 8799 | 8679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186430295.SRDLC, 19.94%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 10082 | 10082 | 9669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186430834.SRDLC, 15.24%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 26098 | 26098 | 25225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186431138.SRDLC, 19.49%, 02/22/2027 (a)(j)(k) | Lending Club | 02/24/2022 | 29397 | 29397 | 4274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186431339.SRDLC, 11.52%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 27819 | 27819 | 27172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186431907.SRDLC, 7.49%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 12748 | 12747 | 12573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186432025.SRDLC, 30.49%, 03/16/2027 (a)(j) | Lending Club | 03/18/2022 | 7212 | 7290 | 7109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186432471.SRDLC, 18.44%, 06/22/2025 (a)(j)(k) | Lending Club | 02/24/2022 | 10700 | 10700 | 1705 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**29** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186433520.SRDLC, 14.94%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | $4527 | $4527 | $4395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186435948.SRDLC, 13.49%, 02/28/2027 (a)(j) | Lending Club | 02/24/2022 | 36229 | 36229 | 35112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186439607.SRDLC, 24.99%, 03/22/2025 (a)(j)(k) | Lending Club | 03/10/2022 | 1904 | 1929 | 264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186441268.SRDLC, 20.49%, 04/28/2025 (a)(j) | Lending Club | 03/11/2022 | 3278 | 3313 | 3261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186442601.SRDLC, 8.49%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 26792 | 26792 | 26427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186443078.SRDLC, 9.99%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 32170 | 32170 | 31415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186443751.SRDLC, 27.99%, 07/17/2024 (a)(j) | Lending Club | 03/21/2022 | 13168 | 13316 | 13077 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186444042.SRDLC, 23.49%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 8400 | 8400 | 7978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186444057.SRDLC, 24.79%, 02/16/2025 (a)(j)(k) | Lending Club | 02/24/2022 | 9010 | 9010 | 1421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186444854.SRDLC, 18.49%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 7764 | 7764 | 7445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186445485.SRDLC, 30.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 5676 | 5745 | 5628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186445568.SRDLC, 17.49%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 36449 | 36449 | 35239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186448014.SRDLC, 16.49%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 6545 | 6545 | 6327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186448116.SRDLC, 17.99%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 10948 | 10948 | 10585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186449199.SRDLC, 23.99%, 03/15/2027 (a)(j) | Lending Club | 03/08/2022 | 18865 | 18865 | 17948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186450032.SRDLC, 5.09%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 15814 | 15814 | 15595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186450406.SRDLC, 18.19%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 27383 | 27383 | 26259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186451093.SRDLC, 5.59%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 11469 | 11469 | 11253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186455794.SRDLC, 14.19%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 27113 | 27113 | 26320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186457043.SRDLC, 9.49%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 4283 | 4283 | 4182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186460226.SRDLC, 7.49%, 03/17/2025 (a)(j) | Lending Club | 03/14/2022 | 14836 | 14836 | 14635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186462208.SRDLC, 22.99%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 8327 | 8327 | 8029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186463985.SRDLC, 10.74%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 21864 | 21864 | 21361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186465186.SRDLC, 7.59%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 17533 | 17533 | 17293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186465325.SRDLC, 30.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 4346 | 4394 | 4280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186469377.SRDLC, 6.59%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 5720 | 5720 | 5641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186470642.SRDLC, 15.69%, 02/24/2025 (a)(j) | Lending Club | 02/28/2022 | 9796 | 9796 | 9489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186473434.SRDLC, 7.24%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 13534 | 13534 | 13348 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186475599.SRDLC, 7.74%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 23920 | 23920 | 23592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186475971.SRDLC, 18.99%, 02/28/2025 (a)(j)(k) | Lending Club | 03/01/2022 | 1267 | 1267 | 1225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186481362.SRDLC, 14.94%, 02/22/2027 (a)(j)(k) | Lending Club | 02/24/2022 | 10860 | 10860 | 10544 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186481468.SRDLC, 4.99%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 12095 | 12095 | 11926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186482676.SRDLC, 15.99%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 5311 | 5311 | 5142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186482761.SRDLC, 20.99%, 03/01/2025 (a)(j) | Lending Club | 02/28/2022 | 7273 | 7273 | 6966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186483902.SRDLC, 24.99%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 6693 | 6768 | 6625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186484216.SRDLC, 9.63%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 30076 | 30076 | 29385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186485157.SRDLC, 20.49%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 32118 | 32118 | 30806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186488587.SRDLC, 9.63%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 12498 | 12498 | 12204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186494520.SRDLC, 20.99%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 4059 | 4059 | 3907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186498606.SRDLC, 4.99%, 02/02/2027 (a)(j)(k) | Lending Club | 02/24/2022 | 9868 | 9868 | 9682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186499265.SRDLC, 10.59%, 02/11/2025 (a)(j) | Lending Club | 02/24/2022 | 11496 | 11496 | 11271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186499500.SRDLC, 7.09%, 03/16/2027 (a)(j) | Lending Club | 03/15/2022 | 27953 | 27953 | 27437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186499981.SRDLC, 7.09%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 31830 | 31830 | 31404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186500365.SRDLC, 21.79%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 4981 | 4981 | 4802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186500893.SRDLC, 19.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 20037 | 20278 | 19794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186501252.SRDLC, 30.99%, 03/10/2025 (a)(j)(k) | Lending Club | 03/09/2022 | 13392 | 13565 | 6270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186502686.SRDLC, 6.49%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 9531 | 9531 | 9399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186507209.SRDLC, 9.74%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 35719 | 35719 | 34879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186509911.SRDLC, 16.49%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 4631 | 4631 | 4474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186512499.SRDLC, 26.49%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 16377 | 16377 | 15798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186512978.SRDLC, 8.24%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 11978 | 11978 | 11815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186515777.SRDLC, 27.49%, 03/07/2024 (a)(j) | Lending Club | 03/09/2022 | 11431 | 11540 | 11419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186516008.SRDLC, 12.34%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 4040 | 4040 | 3937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186517183.SRDLC, 30.99%, 03/17/2027 (a)(j) | Lending Club | 03/08/2022 | 7192 | 7285 | 7052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186518196.SRDLC, 10.54%, 02/25/2025 (a)(j) | Lending Club | 02/25/2022 | 8853 | 8852 | 8695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186519049.SRDLC, 14.49%, 02/07/2025 (a)(j) | Lending Club | 02/24/2022 | 12104 | 12104 | 11790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186519359.SRDLC, 8.99%, 02/25/2025 (a)(j) | Lending Club | 02/25/2022 | 8009 | 8009 | 7905 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**30** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186520234.SRDLC, 17.19%, 02/05/2027 (a)(j)(k) | Lending Club | 03/02/2022 | $7114 | $7114 | $2618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186522630.SRDLC, 12.49%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 21029 | 21029 | 20493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186525066.SRDLC, 6.49%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 32818 | 32818 | 32351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186525669.SRDLC, 6.49%, 03/12/2025 (a)(j)(k) | Lending Club | 03/02/2022 | 8230 | 8230 | 8119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186526396.SRDLC, 28.99%, 02/24/2027 (a)(j) | Lending Club | 02/28/2022 | 6014 | 6014 | 5807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186527225.SRDLC, 18.49%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 18268 | 18268 | 17519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186527801.SRDLC, 8.24%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 9583 | 9583 | 9451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186531370.SRDLC, 8.79%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 4799 | 4799 | 4734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186532892.SRDLC, 15%, 08/16/2025 (a)(j)(k) | Lending Club | 03/14/2022 | 4754 | 4808 | 3133 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186534674.SRDLC, 5.99%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 5154 | 5154 | 5083 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186535728.SRDLC, 9.63%, 02/23/2027 (a)(j) | Lending Club | 02/25/2022 | 24996 | 24995 | 24410 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186538516.SRDLC, 30.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 6961 | 7038 | 6881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186538736.SRDLC, 8.24%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 5590 | 5590 | 5513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186539534.SRDLC, 17.94%, 02/22/2025 (a)(j) | Lending Club | 02/24/2022 | 12322 | 12322 | 11932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186542560.SRDLC, 24.99%, 02/23/2027 (a)(j) | Lending Club | 02/25/2022 | 18533 | 18533 | 17706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186542844.SRDLC, 17.19%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 20317 | 20317 | 19581 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186544047.SRDLC, 20.99%, 03/17/2027 (a)(j) | Lending Club | 03/21/2022 | 10038 | 10159 | 9907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186544338.SRDLC, 15.24%, 02/22/2027 (a)(j) | Lending Club | 02/24/2022 | 6343 | 6343 | 6131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186545919.SRDLC, 13.94%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 7278 | 7278 | 7092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186547658.SRDLC, 10.99%, 03/15/2025 (a)(j) | Lending Club | 03/14/2022 | 8320 | 8320 | 8165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186549505.SRDLC, 22.99%, 02/24/2025 (a)(j) | Lending Club | 02/28/2022 | 8327 | 8327 | 8035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186549507.SRDLC, 27.99%, 03/14/2024 (a)(j) | Lending Club | 03/16/2022 | 7630 | 7704 | 7646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186552069.SRDLC, 14.99%, 02/23/2027 (a)(j) | Lending Club | 02/25/2022 | 36224 | 36224 | 35174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186552397.SRDLC, 10.54%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 4825 | 4825 | 4740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186553759.SRDLC, 15.49%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 1565 | 1565 | 1517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186555755.SRDLC, 11.69%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 18220 | 18220 | 17777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186556405.SRDLC, 23.99%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 20568 | 20793 | 20351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186556557.SRDLC, 18.99%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 5767 | 5767 | 5552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186556881.SRDLC, 21.99%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 7475 | 7475 | 7209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186560731.SRDLC, 13.49%, 02/24/2027 (a)(j) | Lending Club | 02/28/2022 | 21651 | 21651 | 21019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186561715.SRDLC, 22.99%, 02/23/2025 (a)(j)(k) | Lending Club | 02/25/2022 | 4275 | 4275 | 4119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186563488.SRDLC, 9.63%, 03/02/2027 (a)(j) | Lending Club | 02/25/2022 | 36361 | 36361 | 35487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186563944.SRDLC, 7.09%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 9951 | 9951 | 9821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186564080.SRDLC, 13.24%, 03/22/2025 (a)(j) | Lending Club | 03/08/2022 | 12898 | 12898 | 12578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186566370.SRDLC, 7.09%, 02/25/2027 (a)(j) | Lending Club | 03/01/2022 | 23041 | 23041 | 22612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186566531.SRDLC, 18.99%, 02/23/2025 (a)(j) | Lending Club | 02/25/2022 | 4943 | 4943 | 4759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186567448.SRDLC, 19.49%, 03/02/2027 (a)(j) | Lending Club | 03/04/2022 | 17795 | 17795 | 17014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186568548.SRDLC, 22.99%, 03/02/2025 (a)(j) | Lending Club | 03/04/2022 | 4275 | 4275 | 4087 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186568662.SRDLC, 30.99%, 03/14/2027 (a)(j)(k) | Lending Club | 03/16/2022 | 14477 | 14665 | 6986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186571697.SRDLC, 18.99%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 7909 | 7909 | 7623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186572822.SRDLC, 9.49%, 03/13/2027 (a)(j) | Lending Club | 03/04/2022 | 9092 | 9092 | 8877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186573934.SRDLC, 17.69%, 02/23/2027 (a)(j) | Lending Club | 02/25/2022 | 7293 | 7293 | 7053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186574776.SRDLC, 23.49%, 02/24/2027 (a)(j) | Lending Club | 02/28/2022 | 9237 | 9237 | 8829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186576309.SRDLC, 17.99%, 02/25/2027 (a)(j) | Lending Club | 03/01/2022 | 10001 | 10001 | 9672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186576419.SRDLC, 30.99%, 03/29/2025 (a)(j) | Lending Club | 03/31/2022 | 4350 | 4396 | 4266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186588133.SRDLC, 24.99%, 03/16/2027 (a)(j) | Lending Club | 03/09/2022 | 14720 | 14720 | 14009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186598394.SRDLC, 18.99%, 03/17/2027 (a)(j) | Lending Club | 03/11/2022 | 25640 | 25640 | 24571 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186604983.SRDLC, 8.49%, 02/28/2025 (a)(j) | Lending Club | 02/28/2022 | 15999 | 15999 | 15779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186606803.SRDLC, 22.69%, 02/25/2027 (a)(j) | Lending Club | 03/01/2022 | 16599 | 16599 | 15870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186606885.SRDLC, 22.99%, 02/28/2025 (a)(j) | Lending Club | 02/28/2022 | 2004 | 2004 | 1937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186606955.SRDLC, 10.99%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 12455 | 12455 | 12205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186609833.SRDLC, 16.49%, 02/24/2027 (a)(j) | Lending Club | 02/28/2022 | 19635 | 19635 | 18986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186610819.SRDLC, 30.99%, 03/09/2027 (a)(j)(k) | Lending Club | 03/11/2022 | 9754 | 9881 | 2561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186611261.SRDLC, 23.49%, 02/24/2027 (a)(j) | Lending Club | 02/28/2022 | 9237 | 9237 | 8829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186611625.SRDLC, 5.99%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 3569 | 3569 | 3519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186611666.SRDLC, 15.99%, 02/24/2027 (a)(j) | Lending Club | 02/28/2022 | 31776 | 31776 | 30725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186612790.SRDLC, 8.99%, 03/10/2027 (a)(j) | Lending Club | 03/07/2022 | 10883 | 10883 | 10680 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**31** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186614496.SRDLC, 28.99%, 03/16/2025 (a)(j) | Lending Club | 03/18/2022 | $12996 | $13141 | $12829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186615940.SRDLC, 22.99%, 02/24/2025 (a)(j) | Lending Club | 02/28/2022 | 6682 | 6682 | 6449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186616543.SRDLC, 25.49%, 02/24/2025 (a)(j) | Lending Club | 02/28/2022 | 3185 | 3185 | 3073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186617731.SRDLC, 16.19%, 02/28/2025 (a)(j) | Lending Club | 03/01/2022 | 12306 | 12306 | 11885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186617758.SRDLC, 5.99%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 23790 | 23790 | 23461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186618032.SRDLC, 10.59%, 02/25/2027 (a)(j) | Lending Club | 03/01/2022 | 35804 | 35804 | 34968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186618575.SRDLC, 18.99%, 02/18/2025 (a)(j) | Lending Club | 02/28/2022 | 11691 | 11691 | 11265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186618990.SRDLC, 12.49%, 02/24/2025 (a)(j) | Lending Club | 02/28/2022 | 1456 | 1456 | 1419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186620390.SRDLC, 21.99%, 02/28/2025 (a)(j) | Lending Club | 02/28/2022 | 9064 | 9064 | 8765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186621339.SRDLC, 15.69%, 02/24/2025 (a)(j) | Lending Club | 02/28/2022 | 3429 | 3429 | 3321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186622303.SRDLC, 30.99%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 3941 | 3985 | 3857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186623322.SRDLC, 22.99%, 03/02/2027 (a)(j) | Lending Club | 03/04/2022 | 13996 | 13996 | 13264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186623473.SRDLC, 10.99%, 02/15/2025 (a)(j) | Lending Club | 03/01/2022 | 4812 | 4812 | 4722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186627742.SRDLC, 9.99%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 26808 | 26808 | 26183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186630251.SRDLC, 18.99%, 02/07/2025 (a)(j)(k) | Lending Club | 02/28/2022 | 17418 | 17418 | 16742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186632305.SRDLC, 18.99%, 02/24/2025 (a)(j) | Lending Club | 02/28/2022 | 11864 | 11864 | 11426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186632825.SRDLC, 28.99%, 03/15/2025 (a)(j) | Lending Club | 03/11/2022 | 2084 | 2109 | 2051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186635190.SRDLC, 6.59%, 02/25/2025 (a)(j) | Lending Club | 03/01/2022 | 7150 | 7150 | 7052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186636012.SRDLC, 22.99%, 02/25/2025 (a)(j) | Lending Club | 03/01/2022 | 2498 | 2498 | 2411 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186638846.SRDLC, 14.99%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 10867 | 10867 | 10555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186639728.SRDLC, 8.79%, 02/25/2025 (a)(j) | Lending Club | 03/01/2022 | 11199 | 11199 | 11045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186640995.SRDLC, 15.94%, 02/25/2027 (a)(j) | Lending Club | 03/01/2022 | 10893 | 10893 | 10535 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186643887.SRDLC, 8.99%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 6683 | 6683 | 6560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186644292.SRDLC, 8.99%, 02/25/2025 (a)(j) | Lending Club | 03/01/2022 | 17357 | 17357 | 17121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186646185.SRDLC, 21.99%, 02/25/2027 (a)(j)(k) | Lending Club | 03/01/2022 | 19036 | 19036 | 3061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186647083.SRDLC, 21.99%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 19106 | 19106 | 18298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186647551.SRDLC, 19.99%, 03/14/2024 (a)(j)(k) | Lending Club | 03/16/2022 | 11232 | 11325 | 11165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186647860.SRDLC, 17.94%, 03/08/2025 (a)(j) | Lending Club | 03/01/2022 | 5963 | 5963 | 5772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186648726.SRDLC, 6.99%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 7955 | 7955 | 7845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186649759.SRDLC, 7.49%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 20715 | 20715 | 20429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186651540.SRDLC, 8.99%, 02/01/2025 (a)(j)(k) | Lending Club | 03/02/2022 | 19841 | 19841 | 19569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186652442.SRDLC, 22.99%, 02/25/2027 (a)(j) | Lending Club | 03/01/2022 | 11073 | 11073 | 10587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186655387.SRDLC, 13.19%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 2505 | 2505 | 2438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186655839.SRDLC, 4.99%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 22937 | 22937 | 22618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186656549.SRDLC, 27.99%, 02/25/2027 (a)(j) | Lending Club | 03/01/2022 | 23307 | 23307 | 22316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186657762.SRDLC, 8.99%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 34752 | 34752 | 34114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186659296.SRDLC, 12.34%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 33331 | 33331 | 32399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186660887.SRDLC, 7.49%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 5975 | 5975 | 5893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186661222.SRDLC, 22.99%, 02/25/2025 (a)(j) | Lending Club | 03/01/2022 | 8327 | 8327 | 8038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186662050.SRDLC, 28.49%, 03/07/2025 (a)(j)(k) | Lending Club | 03/09/2022 | 6880 | 6970 | 1000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186663166.SRDLC, 19.94%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 8260 | 8260 | 7961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186663937.SRDLC, 30.49%, 06/26/2025 (a)(j)(k) | Lending Club | 03/01/2022 | 14214 | 14214 | 13786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186664039.SRDLC, 30.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 1306 | 1320 | 1286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186667574.SRDLC, 18.49%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 21011 | 21011 | 20204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186668155.SRDLC, 25.99%, 02/25/2025 (a)(j) | Lending Club | 03/01/2022 | 2350 | 2350 | 2268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186669127.SRDLC, 11.52%, 03/02/2027 (a)(j) | Lending Club | 03/02/2022 | 36480 | 36480 | 35611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186669465.SRDLC, 11.19%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 7250 | 7250 | 7116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186671873.SRDLC, 16.24%, 03/19/2025 (a)(j) | Lending Club | 03/09/2022 | 5506 | 5565 | 5448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186672812.SRDLC, 30.99%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 12163 | 12163 | 11637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186673896.SRDLC, 17.49%, 02/16/2025 (a)(j) | Lending Club | 03/02/2022 | 15864 | 15864 | 15367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186675548.SRDLC, 14.49%, 03/02/2025 (a)(j) | Lending Club | 03/04/2022 | 6959 | 6959 | 6787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186676177.SRDLC, 30.99%, 03/23/2027 (a)(j) | Lending Club | 03/16/2022 | 7662 | 7757 | 7583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186678676.SRDLC, 22.99%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 4996 | 4996 | 4825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186679649.SRDLC, 27.99%, 02/05/2025 (a)(j) | Lending Club | 03/02/2022 | 7343 | 7343 | 7040 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186681238.SRDLC, 30.99%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 11352 | 11490 | 11185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186682233.SRDLC, 12.74%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 21918 | 21918 | 21226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186682717.SRDLC, 30.49%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 9074 | 9185 | 8942 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**32** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186683202.SRDLC, 23.79%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | $6695 | $6695 | $6472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186684633.SRDLC, 5.99%, 03/01/2025 (a)(j) | Lending Club | 03/02/2022 | 17217 | 17217 | 16976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186685210.SRDLC, 10.99%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 13441 | 13441 | 13129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186686440.SRDLC, 10.99%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 10960 | 10960 | 10775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186690505.SRDLC, 7.24%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 11942 | 11942 | 11777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186691527.SRDLC, 22.99%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 1252 | 1252 | 1209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186693132.SRDLC, 7.79%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 4389 | 4388 | 4332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186693742.SRDLC, 30.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 11367 | 11513 | 11205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186694140.SRDLC, 9.99%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 3693 | 3693 | 3625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186694143.SRDLC, 5.59%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 11469 | 11469 | 11254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186694258.SRDLC, 7.24%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 5095 | 5095 | 5025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186695293.SRDLC, 10.24%, 03/04/2027 (a)(j) | Lending Club | 03/08/2022 | 9078 | 9078 | 8856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186696309.SRDLC, 30.99%, 03/24/2027 (a)(j)(k) | Lending Club | 03/16/2022 | 11644 | 11795 | 5725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186697126.SRDLC, 6.49%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 1986 | 1986 | 1958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186697448.SRDLC, 6.49%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 17692 | 17692 | 17362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186697817.SRDLC, 8.44%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 9942 | 9942 | 9754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186698291.SRDLC, 10.24%, 02/23/2027 (a)(j) | Lending Club | 03/02/2022 | 17854 | 17854 | 17439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186699230.SRDLC, 27.49%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 23283 | 23283 | 22273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186701229.SRDLC, 5.99%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 9516 | 9516 | 9384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186701588.SRDLC, 7.49%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 2549 | 2549 | 2514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186703239.SRDLC, 9.99%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 35744 | 35744 | 34911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186703275.SRDLC, 10.49%, 02/28/2027 (a)(j) | Lending Club | 03/02/2022 | 17897 | 17897 | 17481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186703553.SRDLC, 7.24%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 4369 | 4369 | 4309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186704869.SRDLC, 27.99%, 02/28/2025 (a)(j) | Lending Club | 03/02/2022 | 4639 | 4639 | 4479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186706496.SRDLC, 4.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 16341 | 16341 | 16108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186710117.SRDLC, 10.99%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 1510 | 1510 | 1486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186712916.SRDLC, 17.44%, 02/28/2027 (a)(j)(k) | Lending Club | 03/02/2022 | 14569 | 14569 | 14095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186715502.SRDLC, 8.74%, 03/02/2025 (a)(j) | Lending Club | 03/04/2022 | 24764 | 24764 | 24406 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186716052.SRDLC, 14.49%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 10086 | 10086 | 9768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186718466.SRDLC, 27.49%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 18812 | 19049 | 18543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186720629.SRDLC, 30.99%, 03/22/2025 (a)(j) | Lending Club | 03/17/2022 | 13157 | 13304 | 12978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186724366.SRDLC, 27.99%, 03/20/2025 (a)(j) | Lending Club | 03/16/2022 | 2175 | 2199 | 2141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186728098.SRDLC, 11.19%, 03/04/2027 (a)(j) | Lending Club | 03/08/2022 | 10919 | 10919 | 10653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186729808.SRDLC, 19.49%, 03/04/2025 (a)(j)(k) | Lending Club | 03/08/2022 | 6500 | 6584 | 945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186731533.SRDLC, 17.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 3799 | 3839 | 3757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186732927.SRDLC, 4.99%, 03/02/2027 (a)(j) | Lending Club | 03/04/2022 | 35830 | 35830 | 35128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186735419.SRDLC, 8.59%, 03/02/2025 (a)(j) | Lending Club | 03/04/2022 | 8251 | 8251 | 8132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186736373.SRDLC, 11.49%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 9641 | 9641 | 9451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186737733.SRDLC, 21.99%, 03/02/2025 (a)(j) | Lending Club | 03/04/2022 | 12796 | 12796 | 12235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186745628.SRDLC, 7.49%, 03/19/2025 (a)(j) | Lending Club | 03/14/2022 | 26388 | 26388 | 26032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186747376.SRDLC, 7.59%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 9052 | 9052 | 8923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186748363.SRDLC, 5.59%, 03/02/2025 (a)(j) | Lending Club | 03/04/2022 | 11458 | 11458 | 11292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186748391.SRDLC, 20.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 1550 | 1567 | 1527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186751096.SRDLC, 4.99%, 03/15/2025 (a)(j) | Lending Club | 03/04/2022 | 6551 | 6551 | 6460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186752739.SRDLC, 12.69%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 10045 | 10045 | 9731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186754103.SRDLC, 30.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 8514 | 8617 | 8362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186758530.SRDLC, 20.99%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 15083 | 15083 | 14445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186758825.SRDLC, 12.74%, 03/10/2027 (a)(j) | Lending Club | 03/04/2022 | 7327 | 7327 | 7112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186759602.SRDLC, 30.99%, 03/04/2027 (a)(j)(k) | Lending Club | 03/08/2022 | 19560 | 19815 | 5109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186759667.SRDLC, 8.99%, 03/16/2027 (a)(j) | Lending Club | 03/14/2022 | 20851 | 20851 | 20474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186761128.SRDLC, 30.99%, 04/14/2027 (a)(j)(k) | Lending Club | 04/01/2022 | 5000 | 5065 | 727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186761684.SRDLC, 24.49%, 03/10/2026 (a)(j) | Lending Club | 03/14/2022 | 12792 | 12941 | 12550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186763393.SRDLC, 27.49%, 03/28/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 4920 | 4984 | 715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186765099.SRDLC, 23.99%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 16283 | 16283 | 15580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186766384.SRDLC, 17.19%, 03/02/2027 (a)(j) | Lending Club | 03/04/2022 | 6456 | 6456 | 6218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186767172.SRDLC, 25.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 1722 | 1740 | 1695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186767656.SRDLC, 6.59%, 03/02/2025 (a)(j) | Lending Club | 03/04/2022 | 7386 | 7386 | 7279 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**33** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186771871.SRDLC, 6.49%, 03/02/2025 (a)(j) | Lending Club | 03/04/2022 | $8205 | $8205 | $8086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186771996.SRDLC, 14.49%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 9386 | 9386 | 9136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186772214.SRDLC, 8.24%, 03/02/2025 (a)(j) | Lending Club | 03/04/2022 | 14426 | 14426 | 14218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186773721.SRDLC, 18.99%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 12707 | 12845 | 12599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186776246.SRDLC, 30.99%, 03/24/2025 (a)(j) | Lending Club | 03/28/2022 | 8701 | 8798 | 8648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186776571.SRDLC, 10.84%, 03/02/2025 (a)(j)(k) | Lending Club | 03/04/2022 | 9656 | 9656 | 1404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186776724.SRDLC, 14.99%, 03/02/2027 (a)(j) | Lending Club | 03/04/2022 | 33045 | 33045 | 31993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186776862.SRDLC, 12.74%, 03/02/2025 (a)(j)(k) | Lending Club | 03/04/2022 | 12020 | 12020 | 4339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186778413.SRDLC, 15.69%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 7143 | 7143 | 6893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186778695.SRDLC, 14.69%, 03/15/2025 (a)(j) | Lending Club | 03/04/2022 | 8434 | 8434 | 8220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186779898.SRDLC, 9.09%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 5784 | 5784 | 5667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186780275.SRDLC, 19.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 8718 | 8814 | 8534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186782843.SRDLC, 24.79%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 20605 | 20605 | 19739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186784007.SRDLC, 28.99%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 17329 | 17329 | 16602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186784052.SRDLC, 30.99%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 13052 | 13197 | 12826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186784874.SRDLC, 12.54%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4291 | 4338 | 4218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186786554.SRDLC, 11.74%, 03/02/2027 (a)(j) | Lending Club | 03/04/2022 | 28655 | 28655 | 27947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186787477.SRDLC, 5.99%, 03/10/2025 (a)(j) | Lending Club | 03/07/2022 | 4103 | 4103 | 4046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186787643.SRDLC, 7.59%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 9875 | 9875 | 9736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186787670.SRDLC, 30.99%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 11352 | 11490 | 11179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186787796.SRDLC, 7.49%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 5196 | 5196 | 5170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186788217.SRDLC, 15.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 32198 | 32198 | 31024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186790897.SRDLC, 17.39%, 03/10/2025 (a)(j)(k) | Lending Club | 03/14/2022 | 10403 | 10403 | 3900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186791798.SRDLC, 23.99%, 03/16/2027 (a)(j) | Lending Club | 03/04/2022 | 23632 | 23632 | 22513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186792901.SRDLC, 14.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 7343 | 7343 | 7112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186793247.SRDLC, 17.49%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 2363 | 2389 | 2338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186797391.SRDLC, 30.99%, 03/04/2027 (a)(j) | Lending Club | 03/08/2022 | 9271 | 9383 | 9110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186799571.SRDLC, 16.49%, 03/11/2027 (a)(j) | Lending Club | 03/04/2022 | 11568 | 11568 | 11162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186799618.SRDLC, 28.99%, 03/16/2025 (a)(j) | Lending Club | 03/18/2022 | 1733 | 1752 | 1710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186801721.SRDLC, 10.49%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 8293 | 8293 | 8126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186803441.SRDLC, 10.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 36380 | 36380 | 35513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186804749.SRDLC, 16.19%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 2692 | 2692 | 2597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186805386.SRDLC, 6.74%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 12315 | 12315 | 12138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186805633.SRDLC, 18.49%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 4230 | 4276 | 4186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186806066.SRDLC, 5.59%, 03/15/2025 (a)(j) | Lending Club | 03/09/2022 | 4259 | 4259 | 4239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186809107.SRDLC, 28.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 3379 | 3416 | 3323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186810869.SRDLC, 24.99%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 11163 | 11163 | 10684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186811188.SRDLC, 16.19%, 03/16/2025 (a)(j)(k) | Lending Club | 03/07/2022 | 7068 | 7068 | 6860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186812331.SRDLC, 12.99%, 03/23/2025 (a)(j)(k) | Lending Club | 03/07/2022 | 8134 | 8134 | 1272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186813004.SRDLC, 17.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 6338 | 6406 | 6268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186813237.SRDLC, 6.99%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 20539 | 20539 | 20245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186815269.SRDLC, 30.99%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 12701 | 12841 | 12463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186816361.SRDLC, 12.99%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 4173 | 4173 | 4056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186816513.SRDLC, 14.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 7711 | 7710 | 7468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186816681.SRDLC, 12.99%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 12520 | 12520 | 12168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186818540.SRDLC, 25.99%, 03/04/2025 (a)(j)(k) | Lending Club | 03/08/2022 | 17665 | 17894 | 2568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186818765.SRDLC, 30.99%, 03/10/2027 (a)(j) | Lending Club | 03/07/2022 | 4774 | 4832 | 4675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186819598.SRDLC, 18.49%, 03/18/2025 (a)(j) | Lending Club | 03/22/2022 | 4653 | 4704 | 4611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186819952.SRDLC, 30.99%, 03/10/2027 (a)(j)(k) | Lending Club | 03/07/2022 | 5774 | 5850 | 5680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186820218.SRDLC, 13.19%, 03/26/2027 (a)(j) | Lending Club | 03/07/2022 | 21227 | 21227 | 20616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186820799.SRDLC, 26.49%, 03/14/2026 (a)(j) | Lending Club | 03/16/2022 | 3575 | 3618 | 3511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186823822.SRDLC, 7.74%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 7409 | 7409 | 7303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186824468.SRDLC, 9.49%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 16311 | 16311 | 15921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186825061.SRDLC, 9.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 30533 | 30533 | 29817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186826265.SRDLC, 28.49%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 1969 | 1991 | 1932 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186826333.SRDLC, 25.99%, 03/20/2027 (a)(j) | Lending Club | 03/17/2022 | 4711 | 4769 | 4648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186830632.SRDLC, 7.09%, 03/04/2027 (a)(j) | Lending Club | 03/08/2022 | 9007 | 9007 | 8834 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**34** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186831107.SRDLC, 22.99%, 03/31/2025 (a)(j) | Lending Club | 03/18/2022 | $2851 | $2882 | $2824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186831594.SRDLC, 6.59%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 16414 | 16414 | 16178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186832201.SRDLC, 16.39%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 15489 | 15489 | 14943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186832447.SRDLC, 5.59%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 2455 | 2455 | 2420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186833531.SRDLC, 30.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 10681 | 10802 | 10338 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186833830.SRDLC, 28.99%, 03/15/2025 (a)(j) | Lending Club | 03/08/2022 | 3507 | 3546 | 3439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186834062.SRDLC, 5.59%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 26915 | 26915 | 26393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186834383.SRDLC, 6.59%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 32827 | 32827 | 32357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186835181.SRDLC, 6.59%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 8125 | 8125 | 8008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186835752.SRDLC, 9.69%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 24826 | 24826 | 24332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186836967.SRDLC, 12.69%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 6414 | 6414 | 6217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186837086.SRDLC, 14.49%, 03/10/2027 (a)(j) | Lending Club | 03/07/2022 | 15639 | 15639 | 15172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186837726.SRDLC, 7.59%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 6583 | 6583 | 6489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186838206.SRDLC, 6.59%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 15593 | 15593 | 15370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186838258.SRDLC, 14.24%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 5300 | 5357 | 5239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186838683.SRDLC, 11.24%, 03/20/2025 (a)(j) | Lending Club | 03/11/2022 | 10974 | 10974 | 10764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186839002.SRDLC, 24.49%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 4678 | 4734 | 4586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186841310.SRDLC, 9.29%, 03/03/2025 (a)(j)(k) | Lending Club | 03/07/2022 | 9919 | 9919 | 9719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186841662.SRDLC, 25.99%, 03/20/2027 (a)(j)(k) | Lending Club | 03/11/2022 | 24111 | 24425 | 11065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186842035.SRDLC, 17.19%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 1687 | 1687 | 1628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186842406.SRDLC, 9.59%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 4136 | 4136 | 4055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186842521.SRDLC, 16.19%, 03/15/2025 (a)(j) | Lending Club | 03/07/2022 | 3398 | 3398 | 3292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186842695.SRDLC, 30.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 13224 | 13381 | 13111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186843437.SRDLC, 28.99%, 03/05/2025 (a)(j)(k) | Lending Club | 03/07/2022 | 4178 | 4232 | 733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186843462.SRDLC, 28.49%, 04/04/2027 (a)(j)(k) | Lending Club | 04/06/2022 | 19002 | 19249 | 18515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186843869.SRDLC, 25.74%, 03/24/2025 (a)(j) | Lending Club | 03/28/2022 | 5162 | 5219 | 5114 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186844674.SRDLC, 17.19%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 2024 | 2024 | 1953 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186844698.SRDLC, 25.99%, 07/03/2024 (a)(j)(k) | Lending Club | 03/07/2022 | 3605 | 3652 | 239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186845535.SRDLC, 11.49%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 3326 | 3326 | 3259 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186845838.SRDLC, 17.19%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 4217 | 4217 | 4069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186845846.SRDLC, 11.69%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 7487 | 7487 | 7337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186846768.SRDLC, 22.49%, 03/03/2025 (a)(j)(k) | Lending Club | 03/07/2022 | 2757 | 2793 | 669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186847292.SRDLC, 30.99%, 03/07/2027 (a)(j)(k) | Lending Club | 03/09/2022 | 14436 | 14624 | 14179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186847923.SRDLC, 30.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 6961 | 7038 | 6881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186848558.SRDLC, 25.49%, 03/15/2025 (a)(j)(k) | Lending Club | 03/10/2022 | 6768 | 6812 | 6616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186849373.SRDLC, 12.49%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 1000 | 1000 | 972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186849738.SRDLC, 15.69%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 840 | 840 | 811 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186850090.SRDLC, 30.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 10406 | 10532 | 10220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186851000.SRDLC, 11.19%, 03/04/2025 (a)(j)(k) | Lending Club | 03/08/2022 | 20000 | 20000 | 19704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186851436.SRDLC, 20.49%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 5441 | 5499 | 5361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186851932.SRDLC, 28.99%, 03/07/2024 (a)(j) | Lending Club | 03/09/2022 | 3671 | 3706 | 3667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186852060.SRDLC, 25.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 3955 | 3999 | 3893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186852061.SRDLC, 15.99%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 1682 | 1682 | 1623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186853537.SRDLC, 30.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 18920 | 19150 | 18583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186854659.SRDLC, 18.49%, 03/04/2027 (a)(j)(k) | Lending Club | 03/08/2022 | 3309 | 3309 | 3160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186855078.SRDLC, 22.49%, 03/15/2025 (a)(j) | Lending Club | 03/11/2022 | 6864 | 6939 | 6782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186855159.SRDLC, 23.99%, 03/28/2027 (a)(j)(k) | Lending Club | 03/09/2022 | 23437 | 23437 | 22266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186855976.SRDLC, 30.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 11827 | 11972 | 11615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186856510.SRDLC, 30.99%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 5220 | 5278 | 5129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186857181.SRDLC, 30.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 11825 | 11969 | 11614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186857816.SRDLC, 6.99%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 16380 | 16380 | 16146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186859192.SRDLC, 25.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 5629 | 5629 | 5339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186859608.SRDLC, 8.99%, 03/15/2027 (a)(j)(k) | Lending Club | 03/08/2022 | 18932 | 18932 | 2810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186859612.SRDLC, 23.49%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 21294 | 21294 | 20217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186859882.SRDLC, 20.99%, 03/04/2027 (a)(j) | Lending Club | 03/08/2022 | 7808 | 7808 | 7457 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186860203.SRDLC, 6.99%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 32863 | 32863 | 32399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186860250.SRDLC, 30.99%, 03/20/2027 (a)(j)(k) | Lending Club | 03/09/2022 | 11696 | 11848 | 3184 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**35** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186860547.SRDLC, 9.99%, 03/04/2027 (a)(j) | Lending Club | 03/08/2022 | $27219 | $27219 | $26551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186861655.SRDLC, 20.49%, 03/10/2027 (a)(j)(k) | Lending Club | 03/14/2022 | 6882 | 6882 | 1001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186862002.SRDLC, 22.49%, 03/04/2027 (a)(j) | Lending Club | 03/08/2022 | 17718 | 17718 | 16813 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186862268.SRDLC, 30.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 5581 | 5649 | 5482 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186863025.SRDLC, 27.49%, 08/18/2027 (a)(j)(k) | Lending Club | 03/07/2022 | 5700 | 5772 | 3709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186863352.SRDLC, 17.24%, 04/30/2025 (a)(j) | Lending Club | 03/07/2022 | 11784 | 11911 | 11712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186863423.SRDLC, 4.99%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 16341 | 16341 | 16107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186864141.SRDLC, 24.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 18734 | 18961 | 18387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186865643.SRDLC, 20.24%, 03/10/2025 (a)(j) | Lending Club | 03/07/2022 | 4268 | 4314 | 4213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186865652.SRDLC, 25.49%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 2150 | 2173 | 2113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186868654.SRDLC, 15.19%, 03/11/2027 (a)(j) | Lending Club | 03/08/2022 | 22958 | 22958 | 22152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186869127.SRDLC, 18.99%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 6756 | 6756 | 6471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186869195.SRDLC, 30.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 5203 | 5266 | 5140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186869536.SRDLC, 8.99%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 3717 | 3717 | 3664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186870125.SRDLC, 16.99%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 1012 | 1012 | 976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186870252.SRDLC, 30.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 9460 | 9575 | 9291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186872196.SRDLC, 8.24%, 03/17/2025 (a)(j) | Lending Club | 03/08/2022 | 33086 | 33086 | 32647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186874394.SRDLC, 19.99%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 9340 | 9441 | 9203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186874455.SRDLC, 5.59%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 2864 | 2864 | 2824 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186876529.SRDLC, 21.99%, 03/03/2025 (a)(j) | Lending Club | 03/07/2022 | 10236 | 10236 | 9795 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186878387.SRDLC, 10.49%, 03/04/2027 (a)(j) | Lending Club | 03/08/2022 | 20893 | 20893 | 20382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186878812.SRDLC, 30.24%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 10866 | 10998 | 10696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186880394.SRDLC, 12.24%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 29803 | 29803 | 28975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186880643.SRDLC, 6.49%, 03/15/2025 (a)(j) | Lending Club | 03/08/2022 | 5921 | 5921 | 5842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186880718.SRDLC, 30.99%, 03/15/2027 (a)(j) | Lending Club | 03/11/2022 | 11424 | 11564 | 11237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186881064.SRDLC, 9.29%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 20667 | 20667 | 20254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186881471.SRDLC, 8.24%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 8243 | 8243 | 8126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186882814.SRDLC, 9.74%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 10881 | 10881 | 10619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186883253.SRDLC, 30.99%, 03/03/2027 (a)(j) | Lending Club | 03/07/2022 | 4730 | 4787 | 4646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186883462.SRDLC, 20.49%, 04/04/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 14069 | 14252 | 2913 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186883666.SRDLC, 21.79%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 8527 | 8527 | 8168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186883905.SRDLC, 5.59%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 8184 | 8184 | 8067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186884409.SRDLC, 30.99%, 03/18/2025 (a)(j)(k) | Lending Club | 03/07/2022 | 3790 | 3840 | 372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186885615.SRDLC, 9.59%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 6618 | 6618 | 6486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186885801.SRDLC, 25.49%, 03/15/2025 (a)(j) | Lending Club | 03/08/2022 | 4334 | 4381 | 4252 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186886262.SRDLC, 28.99%, 03/14/2025 (a)(j) | Lending Club | 03/07/2022 | 2131 | 2155 | 2100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186887274.SRDLC, 13.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 6694 | 6694 | 6508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186887509.SRDLC, 30.99%, 03/07/2027 (a)(j)(k) | Lending Club | 03/09/2022 | 9543 | 9659 | 9380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186887684.SRDLC, 23.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 9236 | 9236 | 8786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186887752.SRDLC, 9.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 5383 | 5383 | 5276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186887816.SRDLC, 26.74%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 3122 | 3155 | 3041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186887863.SRDLC, 19.44%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 5936 | 5936 | 5692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186888572.SRDLC, 14.44%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 4189 | 4189 | 4073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186890838.SRDLC, 9.49%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 6524 | 6524 | 6365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186890975.SRDLC, 18.99%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 22219 | 22219 | 21233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186890980.SRDLC, 30.99%, 03/04/2027 (a)(j) | Lending Club | 03/08/2022 | 9441 | 9564 | 9276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186892953.SRDLC, 9.69%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 19946 | 19946 | 19458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186893891.SRDLC, 5.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 32773 | 32773 | 32305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186894617.SRDLC, 9.34%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 17664 | 17664 | 17231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186894895.SRDLC, 13.19%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 23382 | 23382 | 22733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186894964.SRDLC, 19.99%, 03/19/2027 (a)(j) | Lending Club | 03/08/2022 | 14053 | 14222 | 13837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186894997.SRDLC, 30.99%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 2087 | 2110 | 2058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186897446.SRDLC, 21.49%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 18608 | 18608 | 17667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186898217.SRDLC, 26.24%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 747 | 755 | 729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186898646.SRDLC, 30.99%, 02/04/2028 (a)(j)(k) | Lending Club | 03/08/2022 | 6454 | 6537 | 820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186899161.SRDLC, 20.49%, 03/27/2027 (a)(j) | Lending Club | 03/08/2022 | 5480 | 5546 | 5421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186899942.SRDLC, 8.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 32996 | 32996 | 32525 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**36** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186900684.SRDLC, 15.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | $22999 | $22999 | $22170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186900994.SRDLC, 30.99%, 08/10/2025 (a)(j) | Lending Club | 03/08/2022 | 9158 | 9277 | 6222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186901302.SRDLC, 13.49%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 33429 | 33429 | 32505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186901896.SRDLC, 18.19%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 9216 | 9216 | 8832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186902256.SRDLC, 30.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 7379 | 7469 | 7263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186902418.SRDLC, 30.99%, 03/04/2027 (a)(j) | Lending Club | 03/08/2022 | 7379 | 7468 | 7251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186902851.SRDLC, 28.99%, 03/18/2025 (a)(j) | Lending Club | 03/08/2022 | 4380 | 4434 | 4320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186903091.SRDLC, 7.59%, 03/22/2025 (a)(j) | Lending Club | 03/09/2022 | 7227 | 7227 | 7125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186903373.SRDLC, 17.99%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 5070 | 5125 | 5010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186904149.SRDLC, 11.89%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 29131 | 29131 | 28551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186905651.SRDLC, 18.99%, 03/08/2026 (a)(j) | Lending Club | 03/10/2022 | 13451 | 13605 | 13239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186905982.SRDLC, 6.79%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 5751 | 5751 | 5673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186906144.SRDLC, 30.49%, 03/15/2025 (a)(j) | Lending Club | 03/14/2022 | 2340 | 2366 | 2307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186907056.SRDLC, 28.99%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 3812 | 3854 | 3743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186908329.SRDLC, 19.49%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 17973 | 17973 | 17275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186908663.SRDLC, 5.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 8193 | 8193 | 8076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186908684.SRDLC, 9.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 10887 | 10887 | 10621 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186909305.SRDLC, 12.54%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 1667 | 1685 | 1647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186909328.SRDLC, 18.99%, 03/19/2025 (a)(j) | Lending Club | 03/08/2022 | 5133 | 5133 | 4947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186909356.SRDLC, 22.99%, 03/04/2025 (a)(j)(k) | Lending Club | 03/08/2022 | 3792 | 3842 | 523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186909994.SRDLC, 28.99%, 03/16/2025 (a)(j)(k) | Lending Club | 03/08/2022 | 3943 | 3985 | 3885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186910060.SRDLC, 30.99%, 03/04/2027 (a)(j) | Lending Club | 03/08/2022 | 7946 | 8043 | 7809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186910066.SRDLC, 14.04%, 03/13/2026 (a)(j) | Lending Club | 03/08/2022 | 8901 | 9002 | 8765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186910636.SRDLC, 12.19%, 03/11/2025 (a)(j)(k) | Lending Club | 03/15/2022 | 8311 | 8311 | 3054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186911198.SRDLC, 22.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 2565 | 2593 | 2537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186913037.SRDLC, 8.74%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 12382 | 12382 | 12205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186913728.SRDLC, 30.49%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 17384 | 17576 | 17147 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186914338.SRDLC, 7.49%, 03/16/2025 (a)(j) | Lending Club | 03/09/2022 | 32985 | 32985 | 32534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186914343.SRDLC, 10.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 8304 | 8304 | 8138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186914579.SRDLC, 27.99%, 03/04/2025 (a)(j) | Lending Club | 03/08/2022 | 5187 | 5244 | 5093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186914848.SRDLC, 30.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 18352 | 18576 | 18063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186914996.SRDLC, 6.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 2461 | 2461 | 2426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186916189.SRDLC, 23.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 22435 | 22435 | 21300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186917027.SRDLC, 30.99%, 03/17/2027 (a)(j) | Lending Club | 03/09/2022 | 4782 | 4844 | 4718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186917181.SRDLC, 20.49%, 03/15/2025 (a)(j) | Lending Club | 03/09/2022 | 4303 | 4348 | 4254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186918776.SRDLC, 7.09%, 03/07/2025 (a)(j)(k) | Lending Club | 03/09/2022 | 35963 | 35963 | 5414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186919095.SRDLC, 13.19%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 23769 | 23769 | 23027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186919628.SRDLC, 15.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 10079 | 10079 | 9729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186921060.SRDLC, 12.49%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 6669 | 6669 | 6484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186921772.SRDLC, 16.19%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 7404 | 7404 | 7148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186921775.SRDLC, 30.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 4730 | 4787 | 4653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186922130.SRDLC, 16.99%, 03/16/2025 (a)(j) | Lending Club | 03/09/2022 | 8472 | 8563 | 8394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186922494.SRDLC, 10.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 33215 | 33215 | 32551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186922822.SRDLC, 27.99%, 03/07/2025 (a)(j)(k) | Lending Club | 03/09/2022 | 10987 | 10987 | 1616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186923282.SRDLC, 9.59%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 6618 | 6618 | 6486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186923495.SRDLC, 28.99%, 03/04/2027 (a)(j) | Lending Club | 03/08/2022 | 9430 | 9430 | 8947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186923646.SRDLC, 20.49%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 4251 | 4297 | 4195 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186925202.SRDLC, 30.99%, 03/22/2026 (a)(j)(k) | Lending Club | 03/09/2022 | 9669 | 9794 | 1806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186925691.SRDLC, 30.99%, 03/15/2027 (a)(j)(k) | Lending Club | 04/01/2022 | 4836 | 4898 | 4667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186925869.SRDLC, 22.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 1283 | 1296 | 1268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186927765.SRDLC, 18.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 11776 | 11776 | 11301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186929069.SRDLC, 23.49%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 6538 | 6538 | 6209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186929124.SRDLC, 17.99%, 03/31/2025 (a)(j) | Lending Club | 03/09/2022 | 14609 | 14772 | 14446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186929213.SRDLC, 24.79%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 5151 | 5151 | 4933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186929745.SRDLC, 6.59%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 9027 | 9027 | 8898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186929796.SRDLC, 12.54%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 2001 | 2022 | 1978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186929997.SRDLC, 5.09%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 8402 | 8402 | 8251 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**37** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186930176.SRDLC, 30.49%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | $9454 | $9558 | $9299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186930217.SRDLC, 14.19%, 03/07/2025 (a)(j)(k) | Lending Club | 03/09/2022 | 2744 | 2744 | 2704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186930238.SRDLC, 17.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 8451 | 8541 | 8355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186930558.SRDLC, 9.84%, 03/15/2025 (a)(j) | Lending Club | 03/09/2022 | 9960 | 9960 | 9777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186934357.SRDLC, 23.49%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 4302 | 4349 | 4247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186934755.SRDLC, 18.19%, 03/15/2025 (a)(j) | Lending Club | 03/09/2022 | 5524 | 5524 | 5308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186935113.SRDLC, 15.49%, 03/07/2024 (a)(j) | Lending Club | 03/09/2022 | 1479 | 1492 | 1471 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186935363.SRDLC, 30.99%, 03/18/2027 (a)(j) | Lending Club | 03/22/2022 | 14190 | 14363 | 14048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186936722.SRDLC, 7.59%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 32966 | 32966 | 32518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186936790.SRDLC, 30.49%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 6144 | 6219 | 6048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186937917.SRDLC, 17.74%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 7601 | 7683 | 7515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186938222.SRDLC, 18.49%, 03/07/2025 (a)(j)(k) | Lending Club | 03/09/2022 | 4426 | 4483 | 1817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186938507.SRDLC, 7.09%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 16436 | 16436 | 16204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186938563.SRDLC, 22.99%, 03/07/2025 (a)(j)(k) | Lending Club | 03/09/2022 | 4701 | 4762 | 840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186938697.SRDLC, 30.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 8041 | 8138 | 7944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186938756.SRDLC, 22.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 6840 | 6915 | 6762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186939170.SRDLC, 15.99%, 03/14/2025 (a)(j) | Lending Club | 03/09/2022 | 4221 | 4266 | 4180 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186941232.SRDLC, 8.24%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 8243 | 8243 | 8126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186941874.SRDLC, 15.99%, 03/08/2025 (a)(j) | Lending Club | 03/09/2022 | 5385 | 5443 | 5326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186942033.SRDLC, 6.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 5743 | 5743 | 5661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186943871.SRDLC, 30.99%, 03/04/2025 (a)(j) | Lending Club | 03/09/2022 | 4334 | 4382 | 4266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186944478.SRDLC, 17.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 844 | 853 | 835 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186944501.SRDLC, 7.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 11533 | 11533 | 11368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186944620.SRDLC, 30.99%, 03/30/2027 (a)(j)(k) | Lending Club | 04/01/2022 | 9929 | 10058 | 1444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186945043.SRDLC, 30.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 6764 | 6846 | 6657 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186946625.SRDLC, 22.99%, 03/17/2025 (a)(j) | Lending Club | 03/09/2022 | 6639 | 6712 | 6557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186946979.SRDLC, 17.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 2535 | 2562 | 2507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186946994.SRDLC, 30.99%, 03/01/2027 (a)(j) | Lending Club | 03/09/2022 | 14099 | 14271 | 13869 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186947728.SRDLC, 20.49%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 8914 | 8914 | 8517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186948086.SRDLC, 9.49%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 5437 | 5437 | 5304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186948516.SRDLC, 29.74%, 04/06/2025 (a)(j) | Lending Club | 03/09/2022 | 1850 | 1872 | 1815 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186949502.SRDLC, 19.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 5938 | 6002 | 5856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186950304.SRDLC, 30.99%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 11438 | 11578 | 11235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186950596.SRDLC, 5.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 32773 | 32773 | 32305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186950730.SRDLC, 5.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 13929 | 13929 | 13729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186952065.SRDLC, 17.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 5070 | 5125 | 5013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186952635.SRDLC, 7.24%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 32885 | 32885 | 32415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186952678.SRDLC, 5.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 15567 | 15567 | 15345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186952792.SRDLC, 26.99%, 03/20/2024 (a)(j) | Lending Club | 03/09/2022 | 3103 | 3132 | 3100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186952838.SRDLC, 30.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 5676 | 5746 | 5574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186952903.SRDLC, 19.49%, 03/07/2027 (a)(j)(k) | Lending Club | 03/09/2022 | 5755 | 5830 | 905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186953143.SRDLC, 13.19%, 03/23/2027 (a)(j) | Lending Club | 03/10/2022 | 12878 | 12878 | 12500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186953189.SRDLC, 18.99%, 03/22/2027 (a)(j) | Lending Club | 03/09/2022 | 13082 | 13082 | 12533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186954345.SRDLC, 30.99%, 03/10/2026 (a)(j) | Lending Club | 03/14/2022 | 4501 | 4554 | 4432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186954862.SRDLC, 9.59%, 03/08/2025 (a)(j)(k) | Lending Club | 03/10/2022 | 16662 | 16662 | 2423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186955240.SRDLC, 20.99%, 03/07/2027 (a)(j)(k) | Lending Club | 03/09/2022 | 8000 | 8104 | 1163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186955508.SRDLC, 30.99%, 03/25/2025 (a)(j) | Lending Club | 03/23/2022 | 8047 | 8136 | 7975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186956488.SRDLC, 12.54%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 4377 | 4423 | 4326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186957057.SRDLC, 12.74%, 03/16/2024 (a)(j) | Lending Club | 03/15/2022 | 14711 | 14847 | 14651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186957097.SRDLC, 9.59%, 03/07/2025 (a)(j)(k) | Lending Club | 03/09/2022 | 8689 | 8689 | 1712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186957333.SRDLC, 9.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 8710 | 8710 | 8497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186958180.SRDLC, 30.99%, 03/16/2027 (a)(j)(k) | Lending Club | 03/09/2022 | 4928 | 4992 | 716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186958321.SRDLC, 30.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 7544 | 7636 | 7453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186958422.SRDLC, 29.74%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4441 | 4491 | 4296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186958654.SRDLC, 14.49%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 8711 | 8711 | 8439 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186959040.SRDLC, 16.99%, 03/07/2027 (a)(j)(k) | Lending Club | 03/09/2022 | 5504 | 5570 | 5400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186959392.SRDLC, 30.99%, 03/15/2027 (a)(j) | Lending Club | 03/11/2022 | 5711 | 5781 | 5635 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**38** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186960205.SRDLC, 6.59%, 03/28/2027 (a)(j)(k) | Lending Club | 03/09/2022 | $17155 | $17155 | $16838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186960953.SRDLC, 6.59%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 19696 | 19696 | 19415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186963432.SRDLC, 5.59%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 10570 | 10570 | 10369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186963564.SRDLC, 6.59%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 2473 | 2473 | 2440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186963965.SRDLC, 21.49%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 5582 | 5649 | 5495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186965774.SRDLC, 22.99%, 03/07/2025 (a)(j)(k) | Lending Club | 03/09/2022 | 8770 | 8864 | 8662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186966365.SRDLC, 30.99%, 03/17/2025 (a)(j) | Lending Club | 03/09/2022 | 5276 | 5334 | 5208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186966989.SRDLC, 30.99%, 03/21/2027 (a)(j)(k) | Lending Club | 03/09/2022 | 6934 | 7024 | 307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186967519.SRDLC, 10.19%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 21646 | 21646 | 21135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186968317.SRDLC, 14.69%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 25134 | 25134 | 24435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186968818.SRDLC, 5.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 18436 | 18436 | 18184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186969031.SRDLC, 25.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 4295 | 4343 | 4250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186969110.SRDLC, 30.99%, 03/15/2027 (a)(j) | Lending Club | 03/09/2022 | 9532 | 9649 | 9407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186969603.SRDLC, 28.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 1300 | 1314 | 1278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186969754.SRDLC, 21.99%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 13554 | 13721 | 13261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186969770.SRDLC, 27.49%, 03/20/2027 (a)(j) | Lending Club | 03/09/2022 | 5707 | 5780 | 5690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186969924.SRDLC, 17.19%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 28961 | 28961 | 27929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186970990.SRDLC, 10.99%, 03/18/2025 (a)(j) | Lending Club | 03/09/2022 | 9173 | 9173 | 9000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186971589.SRDLC, 9.29%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 4131 | 4131 | 4048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186972144.SRDLC, 22.99%, 03/16/2025 (a)(j)(k) | Lending Club | 03/09/2022 | 2149 | 2149 | 2069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186973856.SRDLC, 11.19%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 21838 | 21838 | 21307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186974562.SRDLC, 17.19%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 4219 | 4219 | 4080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186974858.SRDLC, 12.49%, 03/16/2027 (a)(j) | Lending Club | 03/09/2022 | 14657 | 14657 | 14222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186975112.SRDLC, 22.49%, 03/22/2025 (a)(j) | Lending Club | 03/16/2022 | 8585 | 8679 | 8516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186975750.SRDLC, 30.99%, 03/10/2025 (a)(j) | Lending Club | 03/09/2022 | 2794 | 2825 | 2746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186975831.SRDLC, 27.49%, 03/16/2027 (a)(j) | Lending Club | 03/09/2022 | 9480 | 9595 | 9448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186976156.SRDLC, 19.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 2686 | 2715 | 2647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186976477.SRDLC, 21.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 5886 | 5886 | 5638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186977311.SRDLC, 22.99%, 03/01/2027 (a)(j) | Lending Club | 03/09/2022 | 6501 | 6579 | 6404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186977592.SRDLC, 27.49%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 5644 | 5712 | 5629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186977896.SRDLC, 27.74%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 23525 | 23810 | 23413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186978035.SRDLC, 6.99%, 03/01/2025 (a)(j) | Lending Club | 03/09/2022 | 15588 | 15588 | 15362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186978206.SRDLC, 17.19%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 23058 | 23058 | 22228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186978254.SRDLC, 8.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 36202 | 36202 | 35512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186978338.SRDLC, 28.49%, 03/17/2025 (a)(j) | Lending Club | 03/09/2022 | 9621 | 9728 | 9447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186979291.SRDLC, 26.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 3102 | 3136 | 3053 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186980070.SRDLC, 7.09%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 4602 | 4602 | 4536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186980107.SRDLC, 23.49%, 03/10/2026 (a)(j) | Lending Club | 03/14/2022 | 22634 | 22897 | 22314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186980309.SRDLC, 10.99%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 8304 | 8304 | 8141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186980691.SRDLC, 30.99%, 03/13/2027 (a)(j)(k) | Lending Club | 03/09/2022 | 4801 | 4860 | 4713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186980962.SRDLC, 30.49%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 14179 | 14351 | 13979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186981038.SRDLC, 30.99%, 03/10/2027 (a)(j) | Lending Club | 03/09/2022 | 5640 | 5708 | 5560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186981641.SRDLC, 23.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 3428 | 3465 | 3388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186982180.SRDLC, 26.24%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 1543 | 1560 | 1514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186982223.SRDLC, 30.99%, 03/01/2027 (a)(j) | Lending Club | 03/09/2022 | 9400 | 9400 | 8919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186982354.SRDLC, 5.09%, 03/10/2025 (a)(j) | Lending Club | 03/09/2022 | 6233 | 6233 | 6169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186982361.SRDLC, 22.49%, 03/07/2026 (a)(j) | Lending Club | 03/09/2022 | 18070 | 18279 | 17796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186982644.SRDLC, 12.54%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 6349 | 6416 | 6277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186982976.SRDLC, 17.99%, 03/17/2025 (a)(j) | Lending Club | 03/21/2022 | 7606 | 7688 | 7534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186983409.SRDLC, 15.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 2100 | 2122 | 2076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186983820.SRDLC, 23.99%, 03/17/2025 (a)(j) | Lending Club | 03/09/2022 | 8639 | 8734 | 8557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186984103.SRDLC, 12.69%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 11962 | 11962 | 11588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186984751.SRDLC, 23.99%, 03/12/2025 (a)(j) | Lending Club | 03/09/2022 | 13627 | 13776 | 13469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186985079.SRDLC, 30.99%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 14190 | 14363 | 13989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186985421.SRDLC, 12.49%, 03/10/2025 (a)(j) | Lending Club | 03/09/2022 | 8347 | 8347 | 8128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186985653.SRDLC, 21.49%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 8521 | 8521 | 8165 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186986577.SRDLC, 30.99%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 8701 | 8797 | 8587 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**39** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 186987081.SRDLC, 30.99%, 03/20/2025 (a)(j)(k) | Lending Club | 03/09/2022 | $5523 | $5594 | $5458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186987216.SRDLC, 11.19%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 27298 | 27298 | 26633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186987619.SRDLC, 30.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 2175 | 2199 | 2142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186988151.SRDLC, 28.49%, 03/07/2027 (a)(j)(k) | Lending Club | 03/09/2022 | 6058 | 6136 | 6018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186988932.SRDLC, 8.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 14481 | 14481 | 14205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186990845.SRDLC, 8.99%, 03/12/2027 (a)(j) | Lending Club | 03/09/2022 | 13595 | 13595 | 13343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186990892.SRDLC, 23.49%, 03/11/2027 (a)(j)(k) | Lending Club | 03/15/2022 | 14450 | 14450 | 2257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186991595.SRDLC, 28.99%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 22631 | 22631 | 21491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186991800.SRDLC, 20.74%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 8506 | 8598 | 8390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186991977.SRDLC, 18.74%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 10159 | 10269 | 10045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186992140.SRDLC, 27.99%, 03/15/2024 (a)(j) | Lending Club | 03/10/2022 | 3808 | 3844 | 3786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186993852.SRDLC, 9.09%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 4131 | 4131 | 4050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186994906.SRDLC, 30.99%, 03/15/2025 (a)(j) | Lending Club | 03/09/2022 | 2192 | 2216 | 2161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186994916.SRDLC, 6.59%, 04/28/2027 (a)(j) | Lending Club | 03/09/2022 | 22079 | 22079 | 21677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186994940.SRDLC, 30.99%, 03/07/2027 (a)(j) | Lending Club | 03/09/2022 | 11352 | 11490 | 11173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186995154.SRDLC, 15.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 1934 | 1955 | 1912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186995899.SRDLC, 24.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 2577 | 2605 | 2536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186996001.SRDLC, 10.99%, 03/15/2025 (a)(j) | Lending Club | 03/10/2022 | 24979 | 24979 | 24508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186996360.SRDLC, 30.99%, 03/20/2025 (a)(j) | Lending Club | 03/10/2022 | 3705 | 3747 | 3644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186996547.SRDLC, 30.99%, 03/15/2027 (a)(j)(k) | Lending Club | 03/09/2022 | 10715 | 10854 | 2912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186997520.SRDLC, 21.49%, 03/16/2025 (a)(j) | Lending Club | 03/18/2022 | 5989 | 6050 | 5921 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186997746.SRDLC, 5.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 3277 | 3277 | 3230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186997911.SRDLC, 24.99%, 03/07/2025 (a)(j)(k) | Lending Club | 03/09/2022 | 8297 | 8404 | 2054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186998317.SRDLC, 30.49%, 04/30/2027 (a)(j) | Lending Club | 03/09/2022 | 9271 | 9390 | 9305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186998840.SRDLC, 6.49%, 03/20/2025 (a)(j) | Lending Club | 03/09/2022 | 24687 | 24687 | 24349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 186999371.SRDLC, 7.59%, 03/16/2025 (a)(j) | Lending Club | 03/10/2022 | 6596 | 6596 | 6508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187000623.SRDLC, 30.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 2612 | 2639 | 2562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187002010.SRDLC, 17.99%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 6338 | 6407 | 6286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187002217.SRDLC, 19.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 4241 | 4286 | 4183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187002654.SRDLC, 30.99%, 03/20/2025 (a)(j) | Lending Club | 03/16/2022 | 3153 | 3188 | 3117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187003180.SRDLC, 30.99%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 18523 | 18749 | 18229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187003355.SRDLC, 30.99%, 03/25/2027 (a)(j) | Lending Club | 03/14/2022 | 14386 | 14573 | 14257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187003763.SRDLC, 21.99%, 03/10/2025 (a)(j) | Lending Club | 03/10/2022 | 4272 | 4319 | 4219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187004185.SRDLC, 20.49%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 21253 | 21483 | 20962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187004337.SRDLC, 14.99%, 03/17/2027 (a)(j) | Lending Club | 03/10/2022 | 22122 | 22122 | 21497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187007026.SRDLC, 16.19%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 7404 | 7404 | 7155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187007115.SRDLC, 30.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 4350 | 4399 | 4284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187007624.SRDLC, 28.49%, 03/15/2025 (a)(j) | Lending Club | 03/09/2022 | 5227 | 5285 | 5146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187008942.SRDLC, 15.29%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 2833 | 2833 | 2735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187009222.SRDLC, 28.99%, 03/07/2025 (a)(j) | Lending Club | 03/09/2022 | 8664 | 8760 | 8518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187009900.SRDLC, 16.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 4215 | 4215 | 4069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187010379.SRDLC, 15.99%, 04/26/2025 (a)(j) | Lending Club | 03/09/2022 | 3220 | 3255 | 3202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187012069.SRDLC, 30.99%, 03/15/2025 (a)(j)(k) | Lending Club | 03/11/2022 | 7722 | 7822 | 1123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187012487.SRDLC, 21.49%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 3131 | 3165 | 3097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187013586.SRDLC, 5.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 8194 | 8194 | 8082 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187013940.SRDLC, 18.49%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 20624 | 20624 | 19709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187014518.SRDLC, 9.69%, 03/16/2027 (a)(j) | Lending Club | 03/11/2022 | 31801 | 31801 | 31065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187014710.SRDLC, 20.49%, 03/17/2025 (a)(j) | Lending Club | 03/21/2022 | 3060 | 3094 | 3027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187014822.SRDLC, 15.49%, 03/10/2025 (a)(j) | Lending Club | 03/10/2022 | 4625 | 4674 | 4575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187015235.SRDLC, 30.99%, 03/08/2027 (a)(j)(k) | Lending Club | 03/10/2022 | 8802 | 8917 | 2356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187016656.SRDLC, 27.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 8646 | 8741 | 8504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187016803.SRDLC, 7.24%, 03/15/2025 (a)(j) | Lending Club | 03/10/2022 | 32944 | 32944 | 32495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187016906.SRDLC, 20.99%, 03/24/2027 (a)(j) | Lending Club | 03/14/2022 | 17830 | 17830 | 17099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187017386.SRDLC, 30.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 2612 | 2641 | 2564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187017395.SRDLC, 28.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 13673 | 13840 | 13723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187017868.SRDLC, 18.99%, 03/20/2025 (a)(j) | Lending Club | 03/14/2022 | 29831 | 29831 | 28760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187018701.SRDLC, 16.99%, 04/28/2025 (a)(j) | Lending Club | 03/10/2022 | 8141 | 8141 | 7902 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**40** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187019293.SRDLC, 29.99%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | $17001 | $17001 | $16152 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187019567.SRDLC, 9.49%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 25010 | 25010 | 24400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187019977.SRDLC, 26.24%, 03/13/2025 (a)(j) | Lending Club | 03/10/2022 | 2164 | 2187 | 2127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187020605.SRDLC, 13.74%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 10984 | 10984 | 10644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187022209.SRDLC, 30.99%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 6811 | 6893 | 6704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187023324.SRDLC, 30.99%, 03/15/2027 (a)(j) | Lending Club | 03/17/2022 | 7946 | 8043 | 7855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187024361.SRDLC, 23.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 8570 | 8570 | 8210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187024410.SRDLC, 14.49%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 2513 | 2513 | 2444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187024503.SRDLC, 30.99%, 03/20/2025 (a)(j) | Lending Club | 03/16/2022 | 6946 | 7024 | 6890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187024750.SRDLC, 22.74%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 4098 | 4143 | 4052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187029679.SRDLC, 30.99%, 03/08/2025 (a)(j)(k) | Lending Club | 03/10/2022 | 3410 | 3454 | 612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187030017.SRDLC, 12.34%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 13344 | 13344 | 12936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187030695.SRDLC, 6.59%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 3281 | 3281 | 3235 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187031324.SRDLC, 27.99%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 9414 | 9528 | 9365 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187031627.SRDLC, 12.99%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 25040 | 25040 | 24351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187032911.SRDLC, 16.99%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 6744 | 6744 | 6512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187033012.SRDLC, 12.74%, 03/16/2025 (a)(j) | Lending Club | 03/11/2022 | 1004 | 1004 | 978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187033106.SRDLC, 17.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 5855 | 5918 | 5790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187033122.SRDLC, 7.09%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 24229 | 24229 | 23765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187034307.SRDLC, 24.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 1287 | 1301 | 1267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187034438.SRDLC, 8.79%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 4953 | 4953 | 4883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187035689.SRDLC, 12.54%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 2084 | 2106 | 2061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187035966.SRDLC, 23.49%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 9339 | 9339 | 8873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187036809.SRDLC, 30.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 1305 | 1320 | 1286 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187036897.SRDLC, 30.99%, 03/23/2027 (a)(j) | Lending Club | 03/25/2022 | 9457 | 9551 | 9387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187037256.SRDLC, 23.99%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 11218 | 11218 | 10668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187037815.SRDLC, 25.99%, 03/14/2027 (a)(j)(k) | Lending Club | 03/16/2022 | 10423 | 10549 | 10279 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187038529.SRDLC, 22.49%, 03/15/2025 (a)(j)(k) | Lending Club | 03/10/2022 | 7555 | 7653 | 1057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187038824.SRDLC, 8.24%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 11541 | 11541 | 11377 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187039305.SRDLC, 24.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 2577 | 2605 | 2537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187039708.SRDLC, 21.49%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 4652 | 4708 | 4580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187039842.SRDLC, 6.59%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 8207 | 8207 | 8091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187040123.SRDLC, 30.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 21752 | 21996 | 21584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187040321.SRDLC, 21.99%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 14994 | 14994 | 14260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187040621.SRDLC, 23.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 7469 | 7469 | 7109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187040626.SRDLC, 9.34%, 03/23/2027 (a)(j) | Lending Club | 03/10/2022 | 11829 | 11829 | 11554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187040937.SRDLC, 30.99%, 03/21/2027 (a)(j)(k) | Lending Club | 03/23/2022 | 4812 | 4875 | 4757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187042692.SRDLC, 11.89%, 03/08/2027 (a)(j)(k) | Lending Club | 03/10/2022 | 26668 | 26668 | 3878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187042914.SRDLC, 17.19%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 1096 | 1096 | 1059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187043557.SRDLC, 30.99%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 11352 | 11490 | 11179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187044456.SRDLC, 28.49%, 03/08/2027 (a)(j) | Lending Club | 03/10/2022 | 7914 | 8010 | 7873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187044734.SRDLC, 15.99%, 03/08/2025 (a)(j) | Lending Club | 03/10/2022 | 5887 | 5950 | 5821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187045339.SRDLC, 16.99%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 6744 | 6744 | 6512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187045611.SRDLC, 15.74%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 2858 | 2888 | 2827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187045971.SRDLC, 7.09%, 03/02/2027 (a)(j) | Lending Club | 03/15/2022 | 13483 | 13483 | 13228 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187046745.SRDLC, 19.99%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 4246 | 4291 | 4190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187047990.SRDLC, 30.99%, 03/01/2027 (a)(j)(k) | Lending Club | 03/23/2022 | 6363 | 6446 | 1142 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187048685.SRDLC, 6.59%, 03/11/2027 (a)(j) | Lending Club | 03/15/2022 | 13403 | 13403 | 13148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187049271.SRDLC, 20.49%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 5101 | 5156 | 5034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187049632.SRDLC, 16.49%, 03/20/2025 (a)(j) | Lending Club | 03/11/2022 | 5539 | 5598 | 5480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187050428.SRDLC, 22.49%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 5593 | 5660 | 5515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187050484.SRDLC, 30.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 14190 | 14363 | 14018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187050949.SRDLC, 21.49%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 1724 | 1745 | 1701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187051535.SRDLC, 27.99%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 4302 | 4350 | 4233 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187052570.SRDLC, 22.99%, 03/01/2025 (a)(j) | Lending Club | 03/16/2022 | 10995 | 11115 | 10883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187053282.SRDLC, 30.99%, 03/18/2025 (a)(j) | Lending Club | 03/11/2022 | 1305 | 1320 | 1294 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187053309.SRDLC, 5.59%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 10640 | 10640 | 10489 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**41** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187053584.SRDLC, 30.99%, 03/17/2027 (a)(j) | Lending Club | 03/11/2022 | $14190 | $14363 | $13981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187055517.SRDLC, 28.99%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 4332 | 4380 | 4263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187056626.SRDLC, 15.19%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 9202 | 9202 | 8895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187057455.SRDLC, 30.99%, 03/17/2025 (a)(j) | Lending Club | 03/14/2022 | 2151 | 2175 | 2130 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187057871.SRDLC, 14.19%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 2093 | 2093 | 2036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187058552.SRDLC, 27.99%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 1038 | 1037 | 995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187059401.SRDLC, 30.99%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 4845 | 4905 | 4772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187060262.SRDLC, 18.99%, 03/20/2025 (a)(j) | Lending Club | 03/11/2022 | 853 | 853 | 821 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187060772.SRDLC, 20.49%, 03/15/2025 (a)(j) | Lending Club | 03/11/2022 | 6832 | 6906 | 6744 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187060807.SRDLC, 22.99%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 2052 | 2052 | 1967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187061785.SRDLC, 28.99%, 03/04/2027 (a)(j) | Lending Club | 03/11/2022 | 16900 | 17105 | 16775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187061900.SRDLC, 20.49%, 03/15/2025 (a)(j) | Lending Club | 03/11/2022 | 10247 | 10358 | 10115 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187061950.SRDLC, 22.99%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 4275 | 4322 | 4229 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187062738.SRDLC, 27.99%, 03/29/2025 (a)(j)(k) | Lending Club | 03/16/2022 | 14782 | 14782 | 14296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187063181.SRDLC, 10.24%, 03/22/2027 (a)(j) | Lending Club | 03/11/2022 | 13000 | 13000 | 12696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187063469.SRDLC, 11.34%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 18204 | 18204 | 17768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187063470.SRDLC, 23.19%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 5988 | 5988 | 5739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187064351.SRDLC, 20.74%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 23226 | 23504 | 22873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187064981.SRDLC, 16.49%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 13932 | 13932 | 13463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187065183.SRDLC, 15.49%, 03/17/2025 (a)(j) | Lending Club | 03/11/2022 | 9277 | 9377 | 9193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187065357.SRDLC, 17.49%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 10129 | 10237 | 10018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187065925.SRDLC, 19.49%, 03/17/2025 (a)(j) | Lending Club | 03/11/2022 | 3325 | 3325 | 3196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187066092.SRDLC, 30.99%, 03/15/2027 (a)(j) | Lending Club | 03/14/2022 | 5706 | 5776 | 5615 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187066402.SRDLC, 13.49%, 03/24/2027 (a)(j) | Lending Club | 03/14/2022 | 18409 | 18409 | 17877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187066767.SRDLC, 15.49%, 03/15/2025 (a)(j) | Lending Club | 03/17/2022 | 8735 | 8829 | 8649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187066773.SRDLC, 6.59%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 35982 | 35982 | 35291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187066929.SRDLC, 7.49%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 32912 | 32912 | 32466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187067030.SRDLC, 21.99%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 10896 | 10896 | 10353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187067446.SRDLC, 14.19%, 03/10/2025 (a)(j)(k) | Lending Club | 03/14/2022 | 2148 | 2148 | 312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187067662.SRDLC, 15.74%, 03/25/2027 (a)(j) | Lending Club | 03/16/2022 | 30765 | 30765 | 29809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187067840.SRDLC, 8.59%, 03/01/2025 (a)(j) | Lending Club | 03/14/2022 | 8230 | 8230 | 8111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187068023.SRDLC, 12.19%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 3748 | 3748 | 3647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187069624.SRDLC, 19.49%, 03/17/2025 (a)(j) | Lending Club | 03/11/2022 | 5544 | 5544 | 5329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187069722.SRDLC, 30.99%, 03/25/2027 (a)(j) | Lending Club | 03/14/2022 | 6246 | 6327 | 6145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187070240.SRDLC, 21.49%, 03/20/2027 (a)(j) | Lending Club | 03/14/2022 | 11240 | 11240 | 10716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187070699.SRDLC, 30.99%, 03/15/2027 (a)(j) | Lending Club | 03/17/2022 | 18920 | 19151 | 18701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187070990.SRDLC, 15.99%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 6084 | 6148 | 6028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187073165.SRDLC, 11.99%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 4163 | 4163 | 4081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187073409.SRDLC, 9.59%, 03/10/2025 (a)(j)(k) | Lending Club | 03/14/2022 | 10830 | 10830 | 1618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187073789.SRDLC, 18.49%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 4060 | 4104 | 4016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187073898.SRDLC, 12.69%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 13697 | 13697 | 13278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187074059.SRDLC, 22.49%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 4270 | 4317 | 4224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187076024.SRDLC, 12.19%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 23714 | 23714 | 22988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187077040.SRDLC, 30.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 6149 | 6224 | 6075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187077555.SRDLC, 26.99%, 03/15/2025 (a)(j)(k) | Lending Club | 03/11/2022 | 10909 | 11051 | 2803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187077933.SRDLC, 11.19%, 03/03/2027 (a)(j) | Lending Club | 03/14/2022 | 9099 | 9099 | 8877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187079283.SRDLC, 30.99%, 03/29/2027 (a)(j) | Lending Club | 03/31/2022 | 14190 | 14352 | 13823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187079325.SRDLC, 7.24%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 32885 | 32885 | 32420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187079529.SRDLC, 22.49%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 8541 | 8634 | 8454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187080468.SRDLC, 13.99%, 03/09/2025 (a)(j) | Lending Club | 03/11/2022 | 5857 | 5920 | 5793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187080922.SRDLC, 30.99%, 03/25/2027 (a)(j) | Lending Club | 03/14/2022 | 4804 | 4865 | 4727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187081426.SRDLC, 30.99%, 03/09/2027 (a)(j) | Lending Club | 03/11/2022 | 14190 | 14363 | 13981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187083049.SRDLC, 19.49%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 5089 | 5144 | 5024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187083667.SRDLC, 30.99%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 7568 | 7660 | 7461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187084131.SRDLC, 25.49%, 02/23/2027 (a)(j) | Lending Club | 03/14/2022 | 7309 | 7397 | 7264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187084134.SRDLC, 21.49%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 21303 | 21303 | 20444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187084350.SRDLC, 30.99%, 03/29/2025 (a)(j) | Lending Club | 03/31/2022 | 8701 | 8792 | 8531 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**42** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187085796.SRDLC, 27.49%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | $11287 | $11424 | $11238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187087599.SRDLC, 4.99%, 03/18/2025 (a)(j) | Lending Club | 03/14/2022 | 10228 | 10228 | 10089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187087946.SRDLC, 6.99%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 14956 | 14956 | 14776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187090647.SRDLC, 30.99%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 870 | 880 | 858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187093287.SRDLC, 24.99%, 03/10/2025 (a)(j)(k) | Lending Club | 03/14/2022 | 7833 | 7935 | 1025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187094773.SRDLC, 19.99%, 03/18/2025 (a)(j)(k) | Lending Club | 03/15/2022 | 4818 | 4870 | 4763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187095146.SRDLC, 17.49%, 03/15/2027 (a)(j) | Lending Club | 03/14/2022 | 27765 | 27765 | 26862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187096378.SRDLC, 17.24%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 18301 | 18301 | 17660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187096917.SRDLC, 22.99%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 7695 | 7695 | 7385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187099521.SRDLC, 30.99%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 1214 | 1227 | 1198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187099924.SRDLC, 17.44%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 16879 | 16879 | 16316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187101376.SRDLC, 27.99%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 5620 | 5620 | 5389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187103577.SRDLC, 28.99%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 4715 | 4715 | 4483 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187103780.SRDLC, 28.99%, 03/11/2027 (a)(j) | Lending Club | 03/15/2022 | 5658 | 5726 | 5635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187104737.SRDLC, 10.99%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 14116 | 14116 | 13840 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187105051.SRDLC, 15.19%, 03/21/2025 (a)(j) | Lending Club | 03/15/2022 | 3375 | 3375 | 3269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187105742.SRDLC, 30.99%, 03/11/2027 (a)(j) | Lending Club | 03/15/2022 | 14209 | 14393 | 13973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187105908.SRDLC, 30.99%, 03/22/2027 (a)(j) | Lending Club | 03/15/2022 | 19139 | 19388 | 18831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187107161.SRDLC, 4.99%, 03/16/2025 (a)(j) | Lending Club | 03/14/2022 | 32717 | 32717 | 32275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187107777.SRDLC, 21.49%, 03/17/2025 (a)(j) | Lending Club | 03/21/2022 | 3854 | 3890 | 3805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187109249.SRDLC, 16.99%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 5058 | 5058 | 4888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187111599.SRDLC, 23.99%, 03/11/2027 (a)(j) | Lending Club | 03/15/2022 | 12152 | 12152 | 11561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187112294.SRDLC, 27.49%, 03/11/2027 (a)(j) | Lending Club | 03/15/2022 | 5644 | 5712 | 5622 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187112380.SRDLC, 25.99%, 03/02/2025 (a)(j)(k) | Lending Club | 03/15/2022 | 1535 | 1552 | 1512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187113010.SRDLC, 28.49%, 07/14/2025 (a)(j)(k) | Lending Club | 03/16/2022 | 21920 | 22205 | 5678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187113052.SRDLC, 30.99%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 5676 | 5748 | 5532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187113417.SRDLC, 12.99%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 5843 | 5843 | 5685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187113627.SRDLC, 28.49%, 03/11/2027 (a)(j) | Lending Club | 03/15/2022 | 6595 | 6675 | 6569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187113823.SRDLC, 8.49%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 32996 | 32996 | 32532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187114091.SRDLC, 8.59%, 03/26/2027 (a)(j) | Lending Club | 03/15/2022 | 32683 | 32683 | 32067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187114622.SRDLC, 25.74%, 03/15/2025 (a)(j) | Lending Club | 03/17/2022 | 8603 | 8698 | 8494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187116136.SRDLC, 12.99%, 03/10/2027 (a)(j) | Lending Club | 03/14/2022 | 26317 | 26317 | 25512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187116827.SRDLC, 7.59%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 12344 | 12344 | 12170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187118843.SRDLC, 25.49%, 03/10/2025 (a)(j) | Lending Club | 03/14/2022 | 17198 | 17198 | 16494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187119161.SRDLC, 25.99%, 03/29/2027 (a)(j) | Lending Club | 03/16/2022 | 11393 | 11393 | 10988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187120238.SRDLC, 28.49%, 03/18/2025 (a)(j) | Lending Club | 03/22/2022 | 2597 | 2625 | 2565 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187120319.SRDLC, 30.99%, 03/11/2027 (a)(j) | Lending Club | 03/15/2022 | 23858 | 24143 | 23478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187121118.SRDLC, 17.99%, 03/11/2025 (a)(j)(k) | Lending Club | 03/15/2022 | 10579 | 10716 | 4324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187122896.SRDLC, 30.99%, 03/29/2027 (a)(j) | Lending Club | 03/31/2022 | 5676 | 5741 | 5529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187123648.SRDLC, 30.99%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 9460 | 9580 | 9221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187123953.SRDLC, 30.49%, 03/16/2027 (a)(j) | Lending Club | 03/18/2022 | 4726 | 4784 | 4674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187125258.SRDLC, 8.99%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 12886 | 12886 | 12704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187125272.SRDLC, 9.99%, 03/11/2027 (a)(j) | Lending Club | 03/15/2022 | 9073 | 9073 | 8855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187127273.SRDLC, 30.99%, 03/25/2025 (a)(j) | Lending Club | 03/16/2022 | 5287 | 5346 | 5215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187128843.SRDLC, 30.99%, 03/20/2027 (a)(j)(k) | Lending Club | 03/15/2022 | 8979 | 9096 | 8924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187129496.SRDLC, 30.99%, 03/25/2027 (a)(j) | Lending Club | 03/14/2022 | 17295 | 17295 | 16538 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187131130.SRDLC, 15.69%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 5857 | 5857 | 5660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187131674.SRDLC, 22.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 2822 | 2853 | 2796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187132024.SRDLC, 15.49%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 1992 | 2013 | 1970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187132605.SRDLC, 15.99%, 03/21/2027 (a)(j) | Lending Club | 03/15/2022 | 36972 | 36972 | 35809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187133370.SRDLC, 28.99%, 04/30/2025 (a)(j)(k) | Lending Club | 03/15/2022 | 3721 | 3769 | 3679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187133675.SRDLC, 24.99%, 03/20/2027 (a)(j) | Lending Club | 03/15/2022 | 6127 | 6201 | 6057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187134429.SRDLC, 17.99%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 8451 | 8542 | 8362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187134949.SRDLC, 30.24%, 03/10/2027 (a)(j) | Lending Club | 03/22/2022 | 18751 | 18979 | 18475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187137324.SRDLC, 25.99%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 1722 | 1722 | 1652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187137965.SRDLC, 4.99%, 03/15/2025 (a)(j) | Lending Club | 03/16/2022 | 12258 | 12258 | 12093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187140773.SRDLC, 27.99%, 03/15/2027 (a)(j) | Lending Club | 03/17/2022 | 5648 | 5717 | 5636 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**43** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187142052.SRDLC, 5.59%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | $14732 | $14732 | $14524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187142957.SRDLC, 6.59%, 03/15/2027 (a)(j) | Lending Club | 03/16/2022 | 17581 | 17581 | 17251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187143408.SRDLC, 12.34%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 36496 | 36496 | 35390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187143516.SRDLC, 22.99%, 03/07/2025 (a)(j) | Lending Club | 03/15/2022 | 8564 | 8656 | 8452 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187144146.SRDLC, 8.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 27152 | 27152 | 26641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187144338.SRDLC, 30.99%, 04/04/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 6500 | 6585 | 2771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187145482.SRDLC, 30.99%, 03/15/2025 (a)(j) | Lending Club | 03/15/2022 | 1311 | 1326 | 1290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187145522.SRDLC, 14.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 10097 | 10097 | 9793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187146211.SRDLC, 6.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 13507 | 13507 | 13251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187148537.SRDLC, 19.49%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 1696 | 1715 | 1675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187148647.SRDLC, 30.99%, 03/22/2027 (a)(j)(k) | Lending Club | 03/22/2022 | 7010 | 7101 | 1949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187149771.SRDLC, 27.99%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 1038 | 1037 | 995 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187149966.SRDLC, 14.49%, 03/25/2025 (a)(j) | Lending Club | 03/16/2022 | 8423 | 8423 | 8221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187151370.SRDLC, 30.99%, 03/17/2025 (a)(j) | Lending Club | 03/15/2022 | 8749 | 8847 | 8634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187151404.SRDLC, 15.69%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 2521 | 2521 | 2437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187152660.SRDLC, 7.09%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 16436 | 16436 | 16204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187153068.SRDLC, 30.99%, 03/29/2026 (a)(j)(k) | Lending Club | 03/31/2022 | 9311 | 9415 | 9111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187153289.SRDLC, 7.59%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 11850 | 11850 | 11683 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187155317.SRDLC, 9.59%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 3309 | 3309 | 3245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187156154.SRDLC, 26.99%, 03/15/2025 (a)(j)(k) | Lending Club | 03/17/2022 | 12000 | 12143 | 1745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187156614.SRDLC, 26.74%, 03/11/2025 (a)(j) | Lending Club | 03/15/2022 | 5173 | 5230 | 5096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187156876.SRDLC, 10.19%, 03/27/2027 (a)(j) | Lending Club | 03/16/2022 | 10937 | 10937 | 10690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187157596.SRDLC, 19.96%, 03/20/2025 (a)(j) | Lending Club | 03/16/2022 | 15349 | 15349 | 14774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187158857.SRDLC, 20.99%, 03/26/2025 (a)(j) | Lending Club | 03/17/2022 | 3905 | 3948 | 3862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187158989.SRDLC, 7.74%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 32930 | 32930 | 32466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187159686.SRDLC, 22.49%, 04/14/2027 (a)(j) | Lending Club | 03/16/2022 | 37287 | 37287 | 35492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187161193.SRDLC, 22.99%, 03/11/2025 (a)(j)(k) | Lending Club | 03/15/2022 | 4512 | 4571 | 1961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187161794.SRDLC, 16.39%, 04/06/2027 (a)(j) | Lending Club | 04/08/2022 | 14361 | 14361 | 13870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187161851.SRDLC, 24.99%, 03/14/2025 (a)(j)(k) | Lending Club | 03/16/2022 | 9420 | 9420 | 523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187162945.SRDLC, 24.49%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 9176 | 9289 | 9030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187163922.SRDLC, 28.24%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 14127 | 14298 | 14090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187163955.SRDLC, 18.74%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 4997 | 5056 | 4912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187164598.SRDLC, 30.99%, 03/29/2027 (a)(j) | Lending Club | 03/31/2022 | 5676 | 5741 | 5529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187165466.SRDLC, 19.49%, 03/30/2025 (a)(j)(k) | Lending Club | 03/17/2022 | 8855 | 8970 | 1288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187165663.SRDLC, 30.99%, 03/14/2025 (a)(j)(k) | Lending Club | 03/16/2022 | 9289 | 9410 | 2488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187165954.SRDLC, 27.49%, 03/15/2027 (a)(j) | Lending Club | 03/17/2022 | 5644 | 5712 | 5632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187166501.SRDLC, 25.49%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 2989 | 3022 | 2949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187166799.SRDLC, 11.19%, 03/15/2027 (a)(j) | Lending Club | 03/16/2022 | 36410 | 36410 | 35585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187170600.SRDLC, 23.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 18696 | 18921 | 18468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187170952.SRDLC, 20.49%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 3549 | 3549 | 3408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187171695.SRDLC, 7.59%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 3292 | 3292 | 3246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187171712.SRDLC, 22.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 4703 | 4754 | 4659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187172025.SRDLC, 23.49%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 2219 | 2245 | 2198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187172125.SRDLC, 30.99%, 03/29/2027 (a)(j) | Lending Club | 03/31/2022 | 14190 | 14352 | 13823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187173507.SRDLC, 22.99%, 03/01/2025 (a)(j) | Lending Club | 03/16/2022 | 6331 | 6400 | 6243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187175139.SRDLC, 22.99%, 03/29/2025 (a)(j) | Lending Club | 03/16/2022 | 8650 | 8746 | 8602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187175565.SRDLC, 20.49%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 6544 | 6615 | 6463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187177101.SRDLC, 13.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 8368 | 8457 | 8284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187177117.SRDLC, 28.99%, 03/31/2025 (a)(j) | Lending Club | 03/16/2022 | 2496 | 2525 | 2460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187177496.SRDLC, 27.99%, 03/14/2024 (a)(j)(k) | Lending Club | 03/16/2022 | 1594 | 1615 | 1570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187181524.SRDLC, 27.99%, 03/25/2025 (a)(j) | Lending Club | 03/17/2022 | 7334 | 7417 | 7256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187181621.SRDLC, 30.49%, 04/19/2027 (a)(j)(k) | Lending Club | 04/06/2022 | 8400 | 8509 | 1221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187185335.SRDLC, 24.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 2147 | 2171 | 2119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187185579.SRDLC, 23.74%, 03/20/2025 (a)(j) | Lending Club | 03/17/2022 | 7226 | 7305 | 7153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187185770.SRDLC, 23.49%, 03/02/2027 (a)(j) | Lending Club | 03/16/2022 | 8326 | 8426 | 8220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187185872.SRDLC, 27.99%, 03/20/2025 (a)(j) | Lending Club | 03/16/2022 | 2088 | 2111 | 2056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187191386.SRDLC, 30.99%, 03/14/2027 (a)(j)(k) | Lending Club | 03/16/2022 | 14436 | 14612 | 14228 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**44** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187192260.SRDLC, 25.49%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | $3869 | $3912 | $3819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187194642.SRDLC, 28.99%, 03/17/2025 (a)(j) | Lending Club | 03/16/2022 | 4346 | 4394 | 4277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187196077.SRDLC, 28.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 5658 | 5727 | 5643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187196888.SRDLC, 13.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 6903 | 6977 | 6834 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187199260.SRDLC, 15%, 08/14/2027 (a)(j)(k) | Lending Club | 03/16/2022 | 4964 | 5027 | 2819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187202745.SRDLC, 30.99%, 03/26/2025 (a)(j) | Lending Club | 03/23/2022 | 2275 | 2301 | 2251 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187202884.SRDLC, 23.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 7852 | 7947 | 7776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187204003.SRDLC, 20.24%, 03/29/2025 (a)(j) | Lending Club | 03/31/2022 | 2549 | 2576 | 2511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187204897.SRDLC, 18.99%, 04/04/2024 (a)(j) | Lending Club | 04/06/2022 | 3764 | 3801 | 3727 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187205484.SRDLC, 20.99%, 03/14/2025 (a)(j)(k) | Lending Club | 03/16/2022 | 5503 | 5574 | 1327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187207505.SRDLC, 30.99%, 03/14/2026 (a)(j) | Lending Club | 03/16/2022 | 15157 | 15336 | 14956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187208713.SRDLC, 29.24%, 03/17/2026 (a)(j) | Lending Club | 03/21/2022 | 4578 | 4632 | 4526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187208730.SRDLC, 19.49%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 3053 | 3086 | 3017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187210013.SRDLC, 30.99%, 03/29/2027 (a)(j)(k) | Lending Club | 03/31/2022 | 14160 | 14329 | 13809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187210693.SRDLC, 28.49%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 21638 | 21877 | 21340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187212284.SRDLC, 30.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 1305 | 1320 | 1290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187212490.SRDLC, 28.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 3032 | 3066 | 2991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187214657.SRDLC, 30.99%, 03/28/2027 (a)(j) | Lending Club | 03/23/2022 | 7427 | 7518 | 7379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187216159.SRDLC, 30.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 3132 | 3167 | 3096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187216699.SRDLC, 19.49%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 2544 | 2572 | 2514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187219138.SRDLC, 30.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 7946 | 8043 | 7850 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187219910.SRDLC, 17.99%, 03/18/2025 (a)(j) | Lending Club | 03/22/2022 | 2530 | 2557 | 2507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187220895.SRDLC, 16.99%, 03/01/2025 (a)(j) | Lending Club | 03/16/2022 | 3346 | 3382 | 3304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187222056.SRDLC, 28.49%, 03/25/2027 (a)(j) | Lending Club | 03/29/2022 | 12248 | 12398 | 12277 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187222188.SRDLC, 23.49%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 9339 | 9452 | 9225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187223726.SRDLC, 15.49%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 840 | 849 | 833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187225809.SRDLC, 30.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 14190 | 14363 | 14070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187225907.SRDLC, 24.99%, 03/15/2027 (a)(j) | Lending Club | 03/17/2022 | 6555 | 6635 | 6458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187227077.SRDLC, 17.99%, 03/15/2025 (a)(j) | Lending Club | 03/16/2022 | 12683 | 12821 | 12564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187227226.SRDLC, 28.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 866 | 876 | 854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187227612.SRDLC, 30.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 9460 | 9575 | 9346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187228160.SRDLC, 26.49%, 03/17/2025 (a)(j) | Lending Club | 03/21/2022 | 4309 | 4356 | 4257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187228476.SRDLC, 30.99%, 03/20/2027 (a)(j) | Lending Club | 03/16/2022 | 13637 | 13804 | 13331 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187228732.SRDLC, 19.49%, 03/14/2025 (a)(j)(k) | Lending Club | 03/16/2022 | 847 | 857 | 837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187228869.SRDLC, 12.54%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 5419 | 5477 | 5364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187229868.SRDLC, 29.99%, 03/21/2025 (a)(j) | Lending Club | 03/16/2022 | 8750 | 8848 | 8627 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187230381.SRDLC, 13.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 5523 | 5582 | 5467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187230799.SRDLC, 14.24%, 03/15/2025 (a)(j) | Lending Club | 03/17/2022 | 2679 | 2708 | 2653 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187231533.SRDLC, 21.99%, 03/16/2025 (a)(j) | Lending Club | 03/18/2022 | 8531 | 8624 | 8458 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187232276.SRDLC, 28.99%, 03/14/2025 (a)(j)(k) | Lending Club | 03/16/2022 | 1444 | 1463 | 210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187232739.SRDLC, 30.49%, 03/15/2027 (a)(j) | Lending Club | 03/17/2022 | 7562 | 7654 | 7475 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187233907.SRDLC, 21.49%, 03/15/2025 (a)(j) | Lending Club | 03/17/2022 | 4261 | 4307 | 4211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187235755.SRDLC, 20.99%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 14872 | 15050 | 14665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187238400.SRDLC, 17.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 5916 | 5979 | 5856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187238457.SRDLC, 18.74%, 03/14/2027 (a)(j) | Lending Club | 03/16/2022 | 7865 | 7959 | 7731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187239832.SRDLC, 21.99%, 03/15/2025 (a)(j) | Lending Club | 03/17/2022 | 3839 | 3881 | 3805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187241100.SRDLC, 28.99%, 03/22/2025 (a)(j)(k) | Lending Club | 03/17/2022 | 10000 | 10130 | 1454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187241147.SRDLC, 30.99%, 03/14/2025 (a)(j) | Lending Club | 03/16/2022 | 2175 | 2199 | 2150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187241800.SRDLC, 30.99%, 03/17/2027 (a)(j) | Lending Club | 03/17/2022 | 13273 | 13404 | 13106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187242033.SRDLC, 30.24%, 03/17/2027 (a)(j) | Lending Club | 03/21/2022 | 14173 | 14346 | 14025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187242298.SRDLC, 28.99%, 03/15/2025 (a)(j) | Lending Club | 03/17/2022 | 3898 | 3941 | 3846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187242328.SRDLC, 17.99%, 03/15/2025 (a)(j) | Lending Club | 03/17/2022 | 6972 | 7047 | 6904 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187243100.SRDLC, 18.49%, 03/15/2026 (a)(j) | Lending Club | 03/17/2022 | 5374 | 5436 | 5305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187243392.SRDLC, 30.99%, 03/21/2025 (a)(j)(k) | Lending Club | 03/23/2022 | 3980 | 4032 | 550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187244144.SRDLC, 26.99%, 09/15/2025 (a)(j)(k) | Lending Club | 03/17/2022 | 2522 | 2551 | 2515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187244325.SRDLC, 22.49%, 03/15/2025 (a)(j)(k) | Lending Club | 03/17/2022 | 11523 | 11672 | 1675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187246625.SRDLC, 30.99%, 03/30/2027 (a)(j)(k) | Lending Club | 03/17/2022 | 14518 | 14701 | 14332 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**45** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187247273.SRDLC, 20.49%, 03/15/2027 (a)(j)(k) | Lending Club | 03/17/2022 | $11398 | $11546 | $4814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187254153.SRDLC, 8.99%, 04/16/2025 (a)(j) | Lending Club | 04/11/2022 | 5829 | 5829 | 5753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187256106.SRDLC, 30.99%, 03/27/2027 (a)(j) | Lending Club | 03/18/2022 | 8609 | 8721 | 8540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187257769.SRDLC, 19.74%, 03/21/2025 (a)(j) | Lending Club | 03/17/2022 | 8525 | 8617 | 8429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187258824.SRDLC, 28.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4434 | 4484 | 4298 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187259128.SRDLC, 30.99%, 03/18/2025 (a)(j) | Lending Club | 03/17/2022 | 872 | 882 | 861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187265375.SRDLC, 22.99%, 03/15/2025 (a)(j) | Lending Club | 03/17/2022 | 8551 | 8644 | 8474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187266158.SRDLC, 17.99%, 03/15/2025 (a)(j) | Lending Club | 03/17/2022 | 3380 | 3417 | 3347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187266552.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 11452 | 11592 | 11009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187266613.SRDLC, 27.99%, 03/28/2027 (a)(j) | Lending Club | 03/17/2022 | 5718 | 5792 | 5689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187272493.SRDLC, 13.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 6026 | 6092 | 5924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187273036.SRDLC, 28.49%, 04/15/2027 (a)(j) | Lending Club | 04/06/2022 | 11529 | 11679 | 11204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187273576.SRDLC, 27.49%, 03/17/2027 (a)(j) | Lending Club | 03/17/2022 | 8480 | 8583 | 8453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187274598.SRDLC, 19.49%, 03/22/2026 (a)(j) | Lending Club | 03/17/2022 | 9018 | 9122 | 8920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187275330.SRDLC, 30.49%, 03/15/2027 (a)(j)(k) | Lending Club | 03/17/2022 | 4964 | 5028 | 722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187276102.SRDLC, 30.99%, 03/23/2025 (a)(j)(k) | Lending Club | 03/25/2022 | 2896 | 2933 | 421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187278011.SRDLC, 30.99%, 03/15/2027 (a)(j) | Lending Club | 03/17/2022 | 11352 | 11490 | 11221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187278656.SRDLC, 26.24%, 03/15/2026 (a)(j)(k) | Lending Club | 03/17/2022 | 24081 | 24394 | 4344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187280200.SRDLC, 5%, 03/30/2026 (a)(j) | Lending Club | 03/17/2022 | 5590 | 5635 | 4056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187280297.SRDLC, 30.99%, 03/09/2025 (a)(j) | Lending Club | 03/17/2022 | 6480 | 6552 | 6404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187282942.SRDLC, 13.99%, 03/15/2025 (a)(j) | Lending Club | 03/17/2022 | 5198 | 5253 | 5148 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187283205.SRDLC, 26.24%, 03/18/2025 (a)(j) | Lending Club | 03/22/2022 | 3617 | 3657 | 3575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187284415.SRDLC, 14.24%, 03/30/2025 (a)(j) | Lending Club | 03/23/2022 | 3784 | 3825 | 3762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187285539.SRDLC, 30.99%, 03/22/2027 (a)(j) | Lending Club | 03/17/2022 | 4761 | 4819 | 4715 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187288192.SRDLC, 28.99%, 03/16/2025 (a)(j) | Lending Club | 03/18/2022 | 4332 | 4380 | 4276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187289700.SRDLC, 27.99%, 03/15/2025 (a)(j) | Lending Club | 03/17/2022 | 4323 | 4371 | 4265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187291064.SRDLC, 30.49%, 03/16/2027 (a)(j) | Lending Club | 03/18/2022 | 14179 | 14352 | 14023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187292781.SRDLC, 21.49%, 03/16/2025 (a)(j) | Lending Club | 03/18/2022 | 307 | 311 | 305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187296926.SRDLC, 18.99%, 03/16/2027 (a)(j) | Lending Club | 03/18/2022 | 7406 | 7495 | 7284 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187297380.SRDLC, 8.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 22962 | 22962 | 22646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187297514.SRDLC, 28.99%, 03/28/2025 (a)(j) | Lending Club | 03/23/2022 | 8722 | 8820 | 8638 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187297824.SRDLC, 20.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 6639 | 6711 | 6572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187298430.SRDLC, 30.99%, 03/29/2027 (a)(j) | Lending Club | 03/31/2022 | 9320 | 9422 | 9093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187298940.SRDLC, 27.99%, 03/18/2025 (a)(j)(k) | Lending Club | 03/22/2022 | 5361 | 5422 | 5287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187299086.SRDLC, 20.99%, 03/18/2025 (a)(j) | Lending Club | 03/22/2022 | 4256 | 4302 | 4210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187299402.SRDLC, 20.49%, 03/16/2027 (a)(j) | Lending Club | 03/18/2022 | 7849 | 7943 | 7764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187299766.SRDLC, 18.99%, 03/16/2027 (a)(j) | Lending Club | 03/18/2022 | 8865 | 8970 | 8718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187300111.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 9543 | 9660 | 9174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187300531.SRDLC, 30.99%, 04/15/2025 (a)(j)(k) | Lending Club | 04/07/2022 | 7429 | 7525 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 187300979.SRDLC, 19.99%, 03/07/2025 (a)(j) | Lending Club | 03/24/2022 | 2940 | 2972 | 2909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187301254.SRDLC, 26.24%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 2584 | 2613 | 2557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187302762.SRDLC, 20.49%, 03/02/2025 (a)(j) | Lending Club | 03/18/2022 | 7656 | 7739 | 7564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187304207.SRDLC, 30.99%, 04/04/2025 (a)(j) | Lending Club | 03/30/2022 | 3584 | 3624 | 3498 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187305059.SRDLC, 14.24%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 8373 | 8463 | 8300 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187308704.SRDLC, 17.49%, 03/16/2025 (a)(j) | Lending Club | 03/18/2022 | 5064 | 5119 | 5016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187308972.SRDLC, 30.99%, 03/26/2026 (a)(j) | Lending Club | 03/21/2022 | 5558 | 5625 | 5510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187313739.SRDLC, 18.99%, 03/17/2025 (a)(j) | Lending Club | 03/21/2022 | 7625 | 7707 | 7556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187314680.SRDLC, 28.99%, 03/21/2025 (a)(j)(k) | Lending Club | 03/23/2022 | 4779 | 4841 | 655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187315215.SRDLC, 23.49%, 03/16/2026 (a)(j) | Lending Club | 03/18/2022 | 18107 | 18318 | 17888 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187315282.SRDLC, 30.99%, 03/24/2027 (a)(j) | Lending Club | 03/28/2022 | 18920 | 19151 | 18790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187315776.SRDLC, 26.24%, 03/26/2025 (a)(j) | Lending Club | 03/18/2022 | 6957 | 7034 | 6862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187317167.SRDLC, 17.99%, 03/25/2025 (a)(j) | Lending Club | 03/18/2022 | 1700 | 1718 | 1687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187317328.SRDLC, 23.49%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 7285 | 7373 | 7214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187318442.SRDLC, 30.99%, 03/03/2027 (a)(j)(k) | Lending Club | 03/18/2022 | 7729 | 7830 | 3690 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187320803.SRDLC, 30.99%, 03/16/2027 (a)(j) | Lending Club | 03/18/2022 | 4730 | 4788 | 4678 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187322872.SRDLC, 20.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 3625 | 3663 | 3567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187324350.SRDLC, 25.99%, 03/16/2025 (a)(j) | Lending Club | 03/18/2022 | 3483 | 3517 | 3434 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**46** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187324593.SRDLC, 17.99%, 04/13/2025 (a)(j) | Lending Club | 04/06/2022 | $10422 | $10537 | $10256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187324930.SRDLC, 30.99%, 03/16/2026 (a)(j) | Lending Club | 03/18/2022 | 11023 | 11153 | 10889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187325075.SRDLC, 17.49%, 03/12/2025 (a)(j) | Lending Club | 03/21/2022 | 4204 | 4248 | 4161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187326098.SRDLC, 17.99%, 03/16/2025 (a)(j) | Lending Club | 03/18/2022 | 13521 | 13668 | 13392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187326921.SRDLC, 23.99%, 04/20/2025 (a)(j) | Lending Club | 04/07/2022 | 8889 | 8989 | 8738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187327008.SRDLC, 30.99%, 03/29/2027 (a)(j) | Lending Club | 03/31/2022 | 13917 | 14098 | 13545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187329678.SRDLC, 15.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 4037 | 4080 | 4001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187330323.SRDLC, 28.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 19021 | 19253 | 18534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187331199.SRDLC, 24.99%, 03/18/2025 (a)(j) | Lending Club | 03/22/2022 | 6184 | 6252 | 6113 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187332393.SRDLC, 22.49%, 03/16/2026 (a)(j) | Lending Club | 03/18/2022 | 4517 | 4570 | 4463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187332662.SRDLC, 26.49%, 03/16/2025 (a)(j) | Lending Club | 03/18/2022 | 3447 | 3485 | 3404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187333328.SRDLC, 15.99%, 03/18/2025 (a)(j) | Lending Club | 03/22/2022 | 7140 | 7218 | 7074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187334993.SRDLC, 30.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 9460 | 9576 | 9380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187336142.SRDLC, 28.99%, 03/16/2025 (a)(j)(k) | Lending Club | 03/18/2022 | 3628 | 3675 | 1658 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187337172.SRDLC, 30.99%, 03/16/2027 (a)(j) | Lending Club | 03/18/2022 | 14190 | 14362 | 14033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187337396.SRDLC, 20.99%, 03/17/2025 (a)(j) | Lending Club | 03/21/2022 | 8511 | 8604 | 8417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187337889.SRDLC, 28.99%, 03/17/2025 (a)(j) | Lending Club | 03/21/2022 | 5199 | 5254 | 5134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187340968.SRDLC, 24.99%, 04/18/2025 (a)(j) | Lending Club | 04/06/2022 | 4208 | 4256 | 4106 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187341389.SRDLC, 16.99%, 03/02/2025 (a)(j) | Lending Club | 03/21/2022 | 2351 | 2377 | 2330 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187344458.SRDLC, 23.49%, 03/17/2027 (a)(j) | Lending Club | 03/21/2022 | 23348 | 23630 | 23089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187344577.SRDLC, 28.99%, 03/21/2027 (a)(j)(k) | Lending Club | 03/21/2022 | 8299 | 8407 | 827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187345282.SRDLC, 23.99%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 21425 | 21661 | 21282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187346943.SRDLC, 30.99%, 03/25/2025 (a)(j) | Lending Club | 03/21/2022 | 5264 | 5320 | 5216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187347460.SRDLC, 18.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 5373 | 5431 | 5326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187348658.SRDLC, 25.49%, 03/17/2025 (a)(j) | Lending Club | 03/21/2022 | 4072 | 4117 | 4014 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187349522.SRDLC, 30.99%, 04/03/2025 (a)(j) | Lending Club | 04/01/2022 | 10716 | 10838 | 10312 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187354823.SRDLC, 30.99%, 03/24/2027 (a)(j) | Lending Club | 03/28/2022 | 4730 | 4788 | 4698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187355184.SRDLC, 30.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 5676 | 5745 | 5633 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187356072.SRDLC, 24.99%, 03/31/2025 (a)(j) | Lending Club | 03/21/2022 | 5217 | 5274 | 5150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187356525.SRDLC, 30.49%, 03/24/2026 (a)(j) | Lending Club | 03/21/2022 | 1385 | 1401 | 1371 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187361064.SRDLC, 18.49%, 03/17/2027 (a)(j) | Lending Club | 03/21/2022 | 4624 | 4679 | 4549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187362610.SRDLC, 28.99%, 03/18/2025 (a)(j) | Lending Club | 03/22/2022 | 4332 | 4380 | 4280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187363680.SRDLC, 17.99%, 03/17/2025 (a)(j) | Lending Club | 03/21/2022 | 1479 | 1495 | 1465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187365303.SRDLC, 20.49%, 03/17/2025 (a)(j)(k) | Lending Club | 03/21/2022 | 2708 | 2743 | 660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187366874.SRDLC, 30.99%, 03/05/2025 (a)(j) | Lending Club | 03/21/2022 | 4293 | 4341 | 4219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187367777.SRDLC, 30.99%, 03/30/2026 (a)(j) | Lending Club | 03/22/2022 | 11153 | 11287 | 11078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187369277.SRDLC, 19.49%, 03/25/2025 (a)(j) | Lending Club | 03/21/2022 | 1706 | 1724 | 1687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187372411.SRDLC, 28.99%, 03/17/2025 (a)(j)(k) | Lending Club | 03/21/2022 | 2000 | 2026 | 291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187372513.SRDLC, 24.49%, 03/17/2027 (a)(j) | Lending Club | 03/21/2022 | 23391 | 23674 | 23063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187375311.SRDLC, 19.49%, 04/05/2026 (a)(j) | Lending Club | 04/07/2022 | 10956 | 11084 | 10689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187376132.SRDLC, 23.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 12855 | 12997 | 12765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187376316.SRDLC, 30.49%, 03/22/2027 (a)(j) | Lending Club | 03/24/2022 | 9452 | 9568 | 9378 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187378370.SRDLC, 17.99%, 03/21/2025 (a)(j) | Lending Club | 03/21/2022 | 3049 | 3082 | 3022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187379565.SRDLC, 30.99%, 03/16/2027 (a)(j)(k) | Lending Club | 03/22/2022 | 16061 | 16270 | 15882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187382263.SRDLC, 30.99%, 03/04/2025 (a)(j)(k) | Lending Club | 03/21/2022 | 7335 | 7430 | 1898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187382692.SRDLC, 18.99%, 03/17/2025 (a)(j) | Lending Club | 03/21/2022 | 8471 | 8563 | 8392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187382979.SRDLC, 26.49%, 03/18/2027 (a)(j) | Lending Club | 03/22/2022 | 9390 | 9504 | 9262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187383199.SRDLC, 17.49%, 03/22/2025 (a)(j) | Lending Club | 03/21/2022 | 8153 | 8242 | 8095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187383572.SRDLC, 24.49%, 03/17/2027 (a)(j) | Lending Club | 03/21/2022 | 7349 | 7437 | 7256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187386845.SRDLC, 30.99%, 04/05/2027 (a)(j)(k) | Lending Club | 03/23/2022 | 166 | 168 | 163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187390660.SRDLC, 19.49%, 09/28/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 17764 | 17995 | 2583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187394985.SRDLC, 30.99%, 03/18/2025 (a)(j) | Lending Club | 03/22/2022 | 10441 | 10558 | 10343 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187395731.SRDLC, 26.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 3878 | 3922 | 3820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187398247.SRDLC, 28.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 1733 | 1752 | 1714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187400455.SRDLC, 30.99%, 03/27/2025 (a)(j) | Lending Club | 03/22/2022 | 1316 | 1331 | 1299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187401784.SRDLC, 25.49%, 03/18/2025 (a)(j) | Lending Club | 03/22/2022 | 5159 | 5216 | 5099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187401895.SRDLC, 20.49%, 03/22/2025 (a)(j) | Lending Club | 03/22/2022 | 13638 | 13787 | 13505 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**47** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187402002.SRDLC, 23.99%, 03/18/2025 (a)(j) | Lending Club | 03/22/2022 | $4114 | $4159 | $4081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187403421.SRDLC, 24.99%, 03/18/2025 (a)(j) | Lending Club | 03/22/2022 | 3436 | 3474 | 3396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187404590.SRDLC, 23.99%, 03/18/2027 (a)(j) | Lending Club | 03/22/2022 | 9348 | 9461 | 9247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187407657.SRDLC, 23.49%, 03/18/2026 (a)(j) | Lending Club | 03/22/2022 | 10864 | 10991 | 10740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187410207.SRDLC, 19.99%, 03/20/2025 (a)(j) | Lending Club | 03/22/2022 | 4251 | 4297 | 4207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187412866.SRDLC, 30.49%, 03/18/2027 (a)(j) | Lending Club | 03/22/2022 | 9412 | 9527 | 9317 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187413846.SRDLC, 19.99%, 03/21/2025 (a)(j) | Lending Club | 03/22/2022 | 4244 | 4290 | 4201 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187415660.SRDLC, 28.99%, 04/05/2025 (a)(j) | Lending Club | 03/24/2022 | 3595 | 3636 | 3507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187417087.SRDLC, 30.99%, 03/01/2025 (a)(j)(k) | Lending Club | 03/23/2022 | 2697 | 2728 | 2637 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187418071.SRDLC, 27.49%, 03/21/2027 (a)(j)(k) | Lending Club | 03/23/2022 | 5803 | 5879 | 1537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187418539.SRDLC, 23.99%, 03/01/2025 (a)(j)(k) | Lending Club | 03/22/2022 | 8787 | 8883 | 8664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187419334.SRDLC, 30.99%, 03/30/2027 (a)(j)(k) | Lending Club | 04/01/2022 | 4776 | 4838 | 4574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187419808.SRDLC, 28.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 3465 | 3504 | 3428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187420524.SRDLC, 30.99%, 03/18/2027 (a)(j)(k) | Lending Club | 03/22/2022 | 6749 | 6837 | 3275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187422244.SRDLC, 30.99%, 03/18/2027 (a)(j)(k) | Lending Club | 03/22/2022 | 11736 | 11889 | 3161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187423593.SRDLC, 17.99%, 03/25/2024 (a)(j) | Lending Club | 03/22/2022 | 4488 | 4531 | 4473 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187425427.SRDLC, 30.99%, 03/29/2025 (a)(j) | Lending Club | 03/31/2022 | 7235 | 7311 | 7112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187425429.SRDLC, 17.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 4084 | 4129 | 4049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187426440.SRDLC, 28.49%, 03/21/2027 (a)(j)(k) | Lending Club | 03/23/2022 | 4758 | 4817 | 4706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187427964.SRDLC, 30.99%, 03/31/2027 (a)(j)(k) | Lending Club | 03/24/2022 | 14484 | 14672 | 14119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187428232.SRDLC, 22.49%, 03/28/2025 (a)(j) | Lending Club | 03/23/2022 | 3001 | 3035 | 2983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187428738.SRDLC, 22.99%, 03/21/2025 (a)(j)(k) | Lending Club | 03/23/2022 | 5517 | 5589 | 1395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187429515.SRDLC, 22.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 3416 | 3454 | 3393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187429965.SRDLC, 28.99%, 03/16/2024 (a)(j) | Lending Club | 03/23/2022 | 913 | 921 | 917 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187430493.SRDLC, 28.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 3146 | 3181 | 3049 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187433972.SRDLC, 19.99%, 03/29/2025 (a)(j) | Lending Club | 03/31/2022 | 12737 | 12871 | 12546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187435110.SRDLC, 17.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 844 | 853 | 837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187435569.SRDLC, 30.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 18920 | 19151 | 18761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187437735.SRDLC, 28.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 8664 | 8761 | 8572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187437994.SRDLC, 24.99%, 04/04/2025 (a)(j)(k) | Lending Club | 04/01/2022 | 2187 | 2210 | 2110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187441218.SRDLC, 13.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 6694 | 6766 | 6636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187441493.SRDLC, 30.49%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 18905 | 19136 | 18747 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187441544.SRDLC, 30.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 7312 | 7395 | 7230 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187442318.SRDLC, 17.99%, 03/02/2025 (a)(j)(k) | Lending Club | 03/23/2022 | 8739 | 8834 | 8643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187442715.SRDLC, 25.49%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 18747 | 18974 | 18514 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187444837.SRDLC, 30.99%, 03/28/2027 (a)(j) | Lending Club | 03/23/2022 | 7427 | 7518 | 7379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187445072.SRDLC, 18.49%, 03/31/2025 (a)(j) | Lending Club | 03/23/2022 | 2555 | 2584 | 2523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187446671.SRDLC, 28.99%, 03/31/2025 (a)(j) | Lending Club | 03/23/2022 | 3059 | 3094 | 3021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187447133.SRDLC, 28.99%, 03/21/2027 (a)(j)(k) | Lending Club | 03/23/2022 | 4884 | 4947 | 1295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187447300.SRDLC, 30.49%, 04/01/2027 (a)(j)(k) | Lending Club | 03/23/2022 | 5653 | 5726 | 5543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187447743.SRDLC, 30.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 9460 | 9576 | 9380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187447912.SRDLC, 30.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 14190 | 14364 | 14123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187448298.SRDLC, 30.99%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 4350 | 4399 | 4319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187448526.SRDLC, 23.49%, 03/31/2025 (a)(j)(k) | Lending Club | 03/24/2022 | 4705 | 4766 | 864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187449396.SRDLC, 18.99%, 03/22/2027 (a)(j) | Lending Club | 03/24/2022 | 14812 | 14990 | 14588 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187450206.SRDLC, 23.99%, 03/21/2027 (a)(j)(k) | Lending Club | 03/23/2022 | 6864 | 6949 | 6825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187452751.SRDLC, 28.74%, 03/16/2025 (a)(j) | Lending Club | 03/30/2022 | 21373 | 21612 | 21186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187452870.SRDLC, 21.49%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 6210 | 6281 | 6055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187453710.SRDLC, 17.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 6857 | 6924 | 6796 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187453785.SRDLC, 25.49%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 19122 | 19353 | 18889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187454106.SRDLC, 22.74%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 4102 | 4147 | 4073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187454945.SRDLC, 22.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 6413 | 6483 | 6368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187455901.SRDLC, 22.74%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 1709 | 1728 | 1697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187456488.SRDLC, 30.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 9460 | 9576 | 9380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187456902.SRDLC, 21.49%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 8862 | 8960 | 8790 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187457770.SRDLC, 22.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 2736 | 2766 | 2717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187457805.SRDLC, 30.99%, 04/03/2027 (a)(j)(k) | Lending Club | 03/23/2022 | 5884 | 5961 | 1081 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**48** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187460656.SRDLC, 22.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | $8541 | $8635 | $8468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187461821.SRDLC, 22.99%, 03/21/2025 (a)(j)(k) | Lending Club | 03/23/2022 | 4907 | 4970 | 713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187462931.SRDLC, 30.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 14190 | 14363 | 14070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187465329.SRDLC, 16.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 13829 | 13994 | 13614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187467222.SRDLC, 20.49%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 6546 | 6617 | 6484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187467259.SRDLC, 17.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 5577 | 5638 | 5529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187469218.SRDLC, 25.49%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 13452 | 13615 | 13265 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187470501.SRDLC, 25.49%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 9373 | 9487 | 9257 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187470658.SRDLC, 29.74%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 2169 | 2194 | 2153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187473488.SRDLC, 24.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 4295 | 4342 | 4250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187473519.SRDLC, 24.99%, 07/21/2025 (a)(j)(k) | Lending Club | 03/23/2022 | 4120 | 4174 | 599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187474710.SRDLC, 24.49%, 03/08/2024 (a)(j) | Lending Club | 03/23/2022 | 9332 | 9422 | 9360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187474925.SRDLC, 30.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 10949 | 11055 | 10826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187475141.SRDLC, 23.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 3424 | 3462 | 3400 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187475589.SRDLC, 24.99%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 8985 | 9100 | 8873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187479960.SRDLC, 30.99%, 03/22/2025 (a)(j)(k) | Lending Club | 03/23/2022 | 9105 | 9208 | 8894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187480312.SRDLC, 25.99%, 03/15/2027 (a)(j) | Lending Club | 03/28/2022 | 5585 | 5652 | 5519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187480766.SRDLC, 30.99%, 03/23/2027 (a)(j) | Lending Club | 03/23/2022 | 9483 | 9599 | 9383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187480898.SRDLC, 30.49%, 03/21/2026 (a)(j) | Lending Club | 03/23/2022 | 18355 | 18573 | 18181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187481809.SRDLC, 23.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 4003 | 4048 | 3967 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187481988.SRDLC, 22.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 5583 | 5641 | 5536 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187483864.SRDLC, 22.99%, 03/21/2024 (a)(j) | Lending Club | 03/23/2022 | 4522 | 4566 | 4540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187484926.SRDLC, 19.99%, 03/22/2024 (a)(j) | Lending Club | 03/24/2022 | 5984 | 6042 | 5973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187485299.SRDLC, 30.99%, 03/22/2027 (a)(j) | Lending Club | 03/24/2022 | 14190 | 14345 | 14089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187485758.SRDLC, 30.49%, 03/23/2027 (a)(j) | Lending Club | 03/25/2022 | 11343 | 11481 | 11260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187486081.SRDLC, 30.99%, 10/19/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 9607 | 9732 | 6183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187486551.SRDLC, 28.49%, 03/31/2025 (a)(j) | Lending Club | 03/23/2022 | 2623 | 2652 | 2593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187487027.SRDLC, 21.99%, 03/21/2025 (a)(j)(k) | Lending Club | 03/23/2022 | 10503 | 10617 | 10441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187488781.SRDLC, 22.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 4100 | 4145 | 4071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187489002.SRDLC, 17.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 3798 | 3839 | 3765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187489246.SRDLC, 24.49%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 6272 | 6348 | 6193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187492842.SRDLC, 15.54%, 03/21/2027 (a)(j) | Lending Club | 03/23/2022 | 5514 | 5580 | 5428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187493017.SRDLC, 30.99%, 03/22/2027 (a)(j)(k) | Lending Club | 03/24/2022 | 9780 | 9907 | 2719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187493386.SRDLC, 5.99%, 04/15/2025 (a)(j) | Lending Club | 04/06/2022 | 21185 | 21185 | 20907 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187493907.SRDLC, 24.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 2561 | 2589 | 2534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187493953.SRDLC, 24.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 2362 | 2388 | 2337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187495095.SRDLC, 18.99%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 4744 | 4795 | 4703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187495162.SRDLC, 21.99%, 03/21/2026 (a)(j) | Lending Club | 03/23/2022 | 2708 | 2739 | 2679 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187495905.SRDLC, 30.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 14190 | 14364 | 14123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187496148.SRDLC, 20.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 1403 | 1418 | 1389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187499615.SRDLC, 17.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 6752 | 6826 | 6694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187504263.SRDLC, 18.99%, 04/19/2027 (a)(j) | Lending Club | 04/06/2022 | 6807 | 6890 | 6635 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187507529.SRDLC, 19.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 2802 | 2834 | 2761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187509207.SRDLC, 30.49%, 03/21/2025 (a)(j) | Lending Club | 03/23/2022 | 6954 | 7022 | 6876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187510418.SRDLC, 30.99%, 04/04/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 14391 | 14568 | 14105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187511213.SRDLC, 26.49%, 03/24/2025 (a)(j) | Lending Club | 03/28/2022 | 5602 | 5664 | 5549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187512182.SRDLC, 25.49%, 03/22/2027 (a)(j) | Lending Club | 03/24/2022 | 8998 | 9108 | 8890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187512697.SRDLC, 22.99%, 03/05/2025 (a)(j)(k) | Lending Club | 03/24/2022 | 4425 | 4474 | 4366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187514131.SRDLC, 30.99%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 18920 | 19160 | 18441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187515864.SRDLC, 13.99%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 6276 | 6343 | 6222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187515959.SRDLC, 22.99%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 1710 | 1729 | 1699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187515980.SRDLC, 24.99%, 03/24/2027 (a)(j) | Lending Club | 03/28/2022 | 9365 | 9478 | 9260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187516507.SRDLC, 6.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 18645 | 18645 | 18389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187518035.SRDLC, 20.49%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 6801 | 6875 | 6735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187518043.SRDLC, 29.74%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 4165 | 4212 | 4136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187518225.SRDLC, 20.49%, 03/23/2027 (a)(j) | Lending Club | 03/25/2022 | 5571 | 5638 | 5507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187518815.SRDLC, 27.99%, 03/22/2025 (a)(j)(k) | Lending Club | 03/24/2022 | 3372 | 3416 | 490 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**49** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187518895.SRDLC, 22.49%, 03/23/2027 (a)(j) | Lending Club | 03/25/2022 | $7830 | $7925 | $7760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187519245.SRDLC, 30.49%, 03/23/2027 (a)(j) | Lending Club | 03/25/2022 | 11190 | 11327 | 11096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187520954.SRDLC, 22.49%, 04/06/2027 (a)(j)(k) | Lending Club | 03/24/2022 | 9512 | 9628 | 9392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187523529.SRDLC, 30.49%, 04/15/2027 (a)(j)(k) | Lending Club | 04/07/2022 | 10451 | 10584 | 10054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187524265.SRDLC, 24.99%, 03/22/2027 (a)(j)(k) | Lending Club | 03/24/2022 | 5592 | 5662 | 5521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187526342.SRDLC, 19.49%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 6270 | 6340 | 6138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187526379.SRDLC, 5.99%, 04/15/2025 (a)(j) | Lending Club | 04/13/2022 | 33848 | 33848 | 33413 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187528155.SRDLC, 23.99%, 05/08/2025 (a)(j) | Lending Club | 04/29/2022 | 10168 | 10168 | 9763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187529725.SRDLC, 28.99%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 17323 | 17517 | 17145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187530390.SRDLC, 28.99%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 2599 | 2628 | 2573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187531536.SRDLC, 25.99%, 04/05/2025 (a)(j) | Lending Club | 03/24/2022 | 14764 | 14933 | 14394 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187531570.SRDLC, 25.49%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 6750 | 6826 | 6672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187532223.SRDLC, 22.49%, 03/22/2027 (a)(j)(k) | Lending Club | 03/24/2022 | 6652 | 6731 | 6556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187534180.SRDLC, 5.59%, 04/03/2025 (a)(j)(k) | Lending Club | 04/14/2022 | 74 | 74 | 74 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187535359.SRDLC, 30.99%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 4350 | 4399 | 4321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187536934.SRDLC, 30.49%, 03/23/2027 (a)(j)(k) | Lending Club | 03/25/2022 | 7055 | 7147 | 1405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187540531.SRDLC, 22.99%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 8551 | 8645 | 8494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187542274.SRDLC, 30.49%, 03/22/2027 (a)(j) | Lending Club | 03/24/2022 | 7940 | 8037 | 7878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187542436.SRDLC, 30.49%, 03/24/2027 (a)(j) | Lending Club | 03/28/2022 | 9452 | 9568 | 9388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187543108.SRDLC, 23.99%, 03/23/2027 (a)(j) | Lending Club | 03/25/2022 | 14022 | 14192 | 13896 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187543709.SRDLC, 17.99%, 03/22/2025 (a)(j) | Lending Club | 03/24/2022 | 16902 | 17086 | 16759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187545735.SRDLC, 30.99%, 03/23/2027 (a)(j)(k) | Lending Club | 03/25/2022 | 11826 | 11980 | 1720 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187547112.SRDLC, 23.49%, 04/01/2027 (a)(j)(k) | Lending Club | 03/25/2022 | 4739 | 4796 | 4670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187547337.SRDLC, 19.49%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 4241 | 4288 | 4178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187547351.SRDLC, 27.99%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 4323 | 4371 | 4281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187547558.SRDLC, 30.99%, 03/25/2027 (a)(j) | Lending Club | 03/29/2022 | 4748 | 4807 | 4719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187547562.SRDLC, 30.99%, 03/24/2025 (a)(j) | Lending Club | 03/28/2022 | 6961 | 7039 | 6918 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187547644.SRDLC, 27.79%, 04/12/2025 (a)(j) | Lending Club | 04/11/2022 | 22232 | 22232 | 21379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187547926.SRDLC, 19.49%, 03/25/2025 (a)(j) | Lending Club | 03/29/2022 | 4241 | 4287 | 4203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187548413.SRDLC, 30.99%, 03/28/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 9535 | 9659 | 1865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187548600.SRDLC, 30.49%, 04/09/2027 (a)(j)(k) | Lending Club | 03/28/2022 | 5362 | 5432 | 5270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187548602.SRDLC, 22.49%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 9323 | 9435 | 9262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187548640.SRDLC, 19.49%, 03/24/2027 (a)(j) | Lending Club | 03/28/2022 | 8180 | 8279 | 8084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187548817.SRDLC, 19.99%, 03/25/2025 (a)(j) | Lending Club | 03/29/2022 | 2123 | 2146 | 2104 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187551152.SRDLC, 30.99%, 03/22/2027 (a)(j) | Lending Club | 03/24/2022 | 6602 | 6688 | 6549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187552176.SRDLC, 28.49%, 04/01/2027 (a)(j) | Lending Club | 03/28/2022 | 8137 | 8241 | 8020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187552397.SRDLC, 24.99%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 6442 | 6509 | 6380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187552655.SRDLC, 15.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 21024 | 21257 | 20768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187552772.SRDLC, 22.74%, 03/31/2025 (a)(j) | Lending Club | 03/28/2022 | 5157 | 5216 | 5073 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187554738.SRDLC, 28.49%, 04/13/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 19930 | 20189 | 2743 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187559830.SRDLC, 23.99%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 8570 | 8665 | 8516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187560748.SRDLC, 15%, 07/30/2025 (a)(j)(k) | Lending Club | 03/25/2022 | 5535 | 5596 | 3372 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187561457.SRDLC, 30.99%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 1044 | 1056 | 1037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187562351.SRDLC, 25.99%, 04/03/2025 (a)(j) | Lending Club | 03/25/2022 | 13351 | 13500 | 13052 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187562521.SRDLC, 30.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 13051 | 13198 | 13000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187563557.SRDLC, 17.99%, 03/15/2025 (a)(j) | Lending Club | 03/29/2022 | 3841 | 3883 | 3809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187564444.SRDLC, 27.49%, 03/23/2027 (a)(j)(k) | Lending Club | 03/25/2022 | 4960 | 5025 | 721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187566077.SRDLC, 29.49%, 04/02/2026 (a)(j) | Lending Club | 04/08/2022 | 9252 | 9363 | 8916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187566191.SRDLC, 30.99%, 04/06/2027 (a)(j) | Lending Club | 04/08/2022 | 4771 | 4830 | 4592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187568029.SRDLC, 30.99%, 03/23/2027 (a)(j) | Lending Club | 03/25/2022 | 14190 | 14363 | 14085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187569851.SRDLC, 23.49%, 03/14/2027 (a)(j) | Lending Club | 04/01/2022 | 13823 | 13991 | 13447 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187571871.SRDLC, 7.49%, 04/22/2027 (a)(j) | Lending Club | 04/20/2022 | 2109 | 2109 | 2072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187572979.SRDLC, 18.24%, 03/20/2025 (a)(j) | Lending Club | 03/30/2022 | 4009 | 4053 | 3973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187573397.SRDLC, 30.49%, 03/31/2025 (a)(j) | Lending Club | 03/25/2022 | 4383 | 4432 | 4344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187573654.SRDLC, 9.59%, 04/16/2025 (a)(j) | Lending Club | 04/14/2022 | 21345 | 21345 | 20973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187575336.SRDLC, 23.49%, 03/23/2027 (a)(j)(k) | Lending Club | 03/25/2022 | 8500 | 8610 | 1236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187576025.SRDLC, 30.99%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 11352 | 11496 | 11065 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**50** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187580546.SRDLC, 28.99%, 03/15/2025 (a)(j) | Lending Club | 03/28/2022 | $4290 | $4338 | $4246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187581030.SRDLC, 30.99%, 03/26/2027 (a)(j) | Lending Club | 03/25/2022 | 9486 | 9602 | 9412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187581437.SRDLC, 30.99%, 03/28/2026 (a)(j) | Lending Club | 03/25/2022 | 4618 | 4673 | 4570 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187583183.SRDLC, 30.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 3654 | 3697 | 3585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187583199.SRDLC, 30.49%, 03/29/2027 (a)(j) | Lending Club | 03/31/2022 | 9452 | 9561 | 9208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187583216.SRDLC, 25.99%, 04/17/2027 (a)(j) | Lending Club | 04/14/2022 | 13701 | 13701 | 13121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187585796.SRDLC, 28.99%, 03/23/2024 (a)(j) | Lending Club | 03/25/2022 | 1836 | 1854 | 1847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187587017.SRDLC, 26.49%, 03/29/2025 (a)(j) | Lending Club | 03/31/2022 | 10146 | 10253 | 9963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187587643.SRDLC, 27.99%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 10375 | 10491 | 10274 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187588124.SRDLC, 30.99%, 03/29/2027 (a)(j) | Lending Club | 03/25/2022 | 4760 | 4819 | 4713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187588355.SRDLC, 30.99%, 03/23/2027 (a)(j) | Lending Club | 03/25/2022 | 10406 | 10533 | 10329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187592785.SRDLC, 30.99%, 03/24/2027 (a)(j) | Lending Club | 03/28/2022 | 9460 | 9576 | 9395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187593124.SRDLC, 17.99%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 3803 | 3844 | 3771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187593444.SRDLC, 23.99%, 04/13/2027 (a)(j)(k) | Lending Club | 04/15/2022 | 19087 | 19087 | 7664 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187593526.SRDLC, 18.99%, 05/14/2027 (a)(j) | Lending Club | 04/14/2022 | 1407 | 1407 | 1354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187593665.SRDLC, 21.49%, 03/24/2026 (a)(j) | Lending Club | 03/28/2022 | 6289 | 6362 | 6219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187593758.SRDLC, 15.99%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 3364 | 3400 | 3336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187594268.SRDLC, 22.49%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 918 | 928 | 912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187594403.SRDLC, 25.49%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 698 | 705 | 684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187595243.SRDLC, 23.49%, 03/28/2025 (a)(j) | Lending Club | 03/25/2022 | 6442 | 6513 | 6402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187595700.SRDLC, 21.49%, 03/23/2025 (a)(j) | Lending Club | 03/25/2022 | 4261 | 4307 | 4220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187596231.SRDLC, 24.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 8572 | 8665 | 8505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187597607.SRDLC, 30.99%, 03/31/2027 (a)(j)(k) | Lending Club | 04/04/2022 | 22965 | 23262 | 22416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187601450.SRDLC, 27.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 10623 | 10743 | 10301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187606448.SRDLC, 30.99%, 03/24/2027 (a)(j) | Lending Club | 03/28/2022 | 14169 | 14353 | 14070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187608167.SRDLC, 27.99%, 03/24/2025 (a)(j)(k) | Lending Club | 03/28/2022 | 3622 | 3669 | 1670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187609056.SRDLC, 30.99%, 03/24/2027 (a)(j) | Lending Club | 03/28/2022 | 9460 | 9576 | 9395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187609294.SRDLC, 16.49%, 03/24/2025 (a)(j) | Lending Club | 03/28/2022 | 2526 | 2553 | 2505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187611557.SRDLC, 26.99%, 03/24/2025 (a)(j) | Lending Club | 03/28/2022 | 2588 | 2617 | 2564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187616322.SRDLC, 9.99%, 04/07/2027 (a)(j) | Lending Club | 04/06/2022 | 14748 | 14748 | 14422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187618422.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 4771 | 4830 | 4587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187620736.SRDLC, 30.99%, 03/24/2027 (a)(j) | Lending Club | 03/28/2022 | 9460 | 9576 | 9395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187621853.SRDLC, 30.99%, 03/31/2025 (a)(j) | Lending Club | 03/28/2022 | 8764 | 8868 | 8691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187621898.SRDLC, 23.99%, 04/28/2027 (a)(j) | Lending Club | 04/15/2022 | 24601 | 24601 | 23724 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187623348.SRDLC, 30.99%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 5683 | 5754 | 5462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187623477.SRDLC, 30.49%, 03/24/2025 (a)(j) | Lending Club | 03/28/2022 | 2347 | 2373 | 2333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187624729.SRDLC, 30.99%, 03/05/2025 (a)(j)(k) | Lending Club | 03/28/2022 | 3738 | 3780 | 3671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187625273.SRDLC, 27.49%, 03/24/2027 (a)(j) | Lending Club | 03/28/2022 | 5644 | 5712 | 5655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187626309.SRDLC, 17.99%, 03/25/2025 (a)(j) | Lending Club | 03/29/2022 | 3555 | 3593 | 3529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187626903.SRDLC, 23.99%, 04/03/2027 (a)(j) | Lending Club | 03/29/2022 | 15969 | 16164 | 15707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187628074.SRDLC, 11.99%, 03/24/2024 (a)(j) | Lending Club | 03/28/2022 | 7325 | 7394 | 7313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187628308.SRDLC, 30.99%, 03/24/2027 (a)(j) | Lending Club | 03/28/2022 | 9460 | 9576 | 9395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187629164.SRDLC, 30.49%, 03/25/2027 (a)(j) | Lending Club | 03/29/2022 | 9452 | 9568 | 9393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187629900.SRDLC, 27.99%, 03/24/2025 (a)(j) | Lending Club | 03/28/2022 | 8646 | 8742 | 8566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187632083.SRDLC, 17.49%, 03/24/2025 (a)(j)(k) | Lending Club | 03/28/2022 | 5504 | 5576 | 1001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187632542.SRDLC, 23.74%, 03/25/2025 (a)(j) | Lending Club | 03/29/2022 | 856 | 866 | 852 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187636106.SRDLC, 30.99%, 03/29/2026 (a)(j)(k) | Lending Club | 03/31/2022 | 7471 | 7568 | 7271 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187637005.SRDLC, 16.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 5058 | 5113 | 5021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187638238.SRDLC, 30.99%, 03/10/2025 (a)(j) | Lending Club | 03/29/2022 | 4275 | 4323 | 4243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187641240.SRDLC, 26.24%, 03/24/2025 (a)(j) | Lending Club | 03/28/2022 | 2584 | 2613 | 2560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187641863.SRDLC, 25.49%, 03/29/2025 (a)(j) | Lending Club | 03/31/2022 | 7223 | 7299 | 7088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187642052.SRDLC, 30.99%, 03/31/2027 (a)(j) | Lending Club | 03/30/2022 | 4742 | 4804 | 4711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187643474.SRDLC, 21.99%, 03/24/2027 (a)(j) | Lending Club | 03/28/2022 | 6519 | 6598 | 6463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187643783.SRDLC, 15.19%, 04/15/2025 (a)(j)(k) | Lending Club | 04/19/2022 | 9454 | 9454 | 942 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187646172.SRDLC, 28.49%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 4328 | 4376 | 4295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187646351.SRDLC, 30.99%, 03/29/2026 (a)(j) | Lending Club | 03/31/2022 | 1102 | 1115 | 1076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187646651.SRDLC, 28.49%, 03/25/2025 (a)(j) | Lending Club | 03/29/2022 | 1731 | 1750 | 1716 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**51** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187648874.SRDLC, 30.99%, 03/25/2027 (a)(j) | Lending Club | 03/29/2022 | $4730 | $4788 | $4700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187649484.SRDLC, 23.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 2057 | 2079 | 2047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187653936.SRDLC, 30.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 5341 | 5401 | 5169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187655412.SRDLC, 30.99%, 04/04/2027 (a)(j)(k) | Lending Club | 04/06/2022 | 19711 | 19967 | 4434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187656424.SRDLC, 30.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 1054 | 1067 | 1046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187657079.SRDLC, 30.49%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 4726 | 4784 | 4704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187660527.SRDLC, 30.99%, 04/10/2027 (a)(j) | Lending Club | 04/06/2022 | 9683 | 9803 | 9296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187664282.SRDLC, 17.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 3042 | 3075 | 3020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187665599.SRDLC, 30.99%, 03/25/2027 (a)(j)(k) | Lending Club | 03/29/2022 | 6203 | 6279 | 6169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187666286.SRDLC, 7.49%, 04/12/2025 (a)(j) | Lending Club | 04/14/2022 | 5091 | 5091 | 5022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187666337.SRDLC, 30.99%, 03/25/2025 (a)(j) | Lending Club | 03/29/2022 | 870 | 880 | 865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187670344.SRDLC, 30.99%, 03/25/2025 (a)(j)(k) | Lending Club | 03/29/2022 | 2234 | 2260 | 2184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187671142.SRDLC, 20.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 9401 | 9515 | 9151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187672826.SRDLC, 30.99%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 13622 | 13795 | 13278 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187675115.SRDLC, 30.99%, 03/31/2027 (a)(j) | Lending Club | 03/30/2022 | 4934 | 4998 | 4825 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187677488.SRDLC, 28.99%, 03/25/2025 (a)(j)(k) | Lending Club | 03/29/2022 | 6952 | 7028 | 6803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187678597.SRDLC, 28.49%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 4328 | 4377 | 4243 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187680243.SRDLC, 19.49%, 03/25/2025 (a)(j) | Lending Club | 03/29/2022 | 12722 | 12861 | 12608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187680335.SRDLC, 30.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 14190 | 14361 | 14123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187681770.SRDLC, 22.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 1275 | 1289 | 1268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187682075.SRDLC, 17.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 6056 | 6123 | 5956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187682628.SRDLC, 20.49%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 3927 | 3970 | 3845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187683385.SRDLC, 19.49%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 11121 | 11254 | 11006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187683447.SRDLC, 20.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 4256 | 4304 | 4193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187683918.SRDLC, 23.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 9431 | 9553 | 9157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187683952.SRDLC, 30.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4446 | 4497 | 4301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187684046.SRDLC, 25.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 4738 | 4796 | 4578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187684901.SRDLC, 17.49%, 04/19/2025 (a)(j) | Lending Club | 04/06/2022 | 7395 | 7477 | 7280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187687190.SRDLC, 30.99%, 03/31/2025 (a)(j)(k) | Lending Club | 03/30/2022 | 11201 | 11347 | 2249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187688454.SRDLC, 13.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 4184 | 4229 | 4153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187689067.SRDLC, 10.89%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 10197 | 10197 | 10001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187689256.SRDLC, 23.49%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 4670 | 4726 | 4636 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187691527.SRDLC, 16.99%, 03/28/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 7651 | 7750 | 1861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187692276.SRDLC, 30.99%, 03/28/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 11452 | 11592 | 11407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187693942.SRDLC, 16.49%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 2947 | 2979 | 2925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187694094.SRDLC, 28.49%, 04/12/2025 (a)(j) | Lending Club | 03/30/2022 | 9047 | 9151 | 8880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187695089.SRDLC, 30.99%, 03/30/2026 (a)(j)(k) | Lending Club | 04/01/2022 | 2902 | 2939 | 508 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187697798.SRDLC, 21.49%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 17678 | 17891 | 17497 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187698352.SRDLC, 28.99%, 03/29/2025 (a)(j) | Lending Club | 03/31/2022 | 1560 | 1576 | 1528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187698457.SRDLC, 28.99%, 04/14/2025 (a)(j) | Lending Club | 04/06/2022 | 4471 | 4522 | 4349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187698781.SRDLC, 15.49%, 03/02/2025 (a)(j)(k) | Lending Club | 03/30/2022 | 8654 | 8748 | 8558 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187699788.SRDLC, 23.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 23370 | 23653 | 23202 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187700256.SRDLC, 20.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4189 | 4235 | 4099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187701388.SRDLC, 28.49%, 03/11/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 7695 | 7794 | 7634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187701762.SRDLC, 30.99%, 03/28/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 14670 | 14861 | 4081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187702574.SRDLC, 24.99%, 03/31/2025 (a)(j) | Lending Club | 03/30/2022 | 5167 | 5227 | 5061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187705680.SRDLC, 28.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 3899 | 3943 | 3870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187708100.SRDLC, 30.99%, 04/06/2027 (a)(j) | Lending Club | 03/31/2022 | 9611 | 9723 | 9200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187708178.SRDLC, 30.49%, 04/03/2025 (a)(j) | Lending Club | 03/30/2022 | 3218 | 3255 | 3141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187708340.SRDLC, 30.99%, 04/15/2027 (a)(j) | Lending Club | 04/13/2022 | 9662 | 9779 | 9310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187708352.SRDLC, 30.99%, 04/03/2027 (a)(j)(k) | Lending Club | 04/01/2022 | 9654 | 9779 | 4179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187708889.SRDLC, 20.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 23483 | 23766 | 22857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187708953.SRDLC, 21.49%, 04/04/2024 (a)(j) | Lending Club | 04/06/2022 | 3942 | 3981 | 3893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187709072.SRDLC, 30.99%, 10/04/2027 (a)(j)(k) | Lending Club | 04/06/2022 | 9703 | 9819 | 5608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187711247.SRDLC, 28.99%, 03/28/2025 (a)(j)(k) | Lending Club | 03/30/2022 | 1789 | 1809 | 1751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187711920.SRDLC, 28.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 2599 | 2628 | 2580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187711960.SRDLC, 21.49%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 7443 | 7533 | 7367 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**52** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187712696.SRDLC, 28.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | $4159 | $4205 | $4127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187715822.SRDLC, 30.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 14190 | 14364 | 14123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187716768.SRDLC, 28.49%, 03/29/2025 (a)(j) | Lending Club | 03/31/2022 | 1125 | 1137 | 1103 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187717300.SRDLC, 30.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 2613 | 2636 | 2593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187717342.SRDLC, 15.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 4205 | 4251 | 4174 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187719585.SRDLC, 28.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 10643 | 10763 | 10314 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187720227.SRDLC, 30.99%, 03/28/2026 (a)(j) | Lending Club | 03/30/2022 | 2205 | 2231 | 2192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187720584.SRDLC, 19.99%, 07/28/2025 (a)(j) | Lending Club | 03/30/2022 | 4680 | 4735 | 4665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187721287.SRDLC, 14.04%, 03/28/2026 (a)(j) | Lending Club | 03/30/2022 | 2881 | 2914 | 2847 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187721323.SRDLC, 21.74%, 03/15/2027 (a)(j) | Lending Club | 03/30/2022 | 4629 | 4685 | 4573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187724339.SRDLC, 30.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4005 | 4051 | 3874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187725925.SRDLC, 25.24%, 04/05/2026 (a)(j)(k) | Lending Club | 03/30/2022 | 5805 | 5881 | 1020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187726419.SRDLC, 30.49%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 6806 | 6889 | 6774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187726884.SRDLC, 23.49%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 5604 | 5671 | 5563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187726957.SRDLC, 20.49%, 03/30/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 7524 | 7614 | 7464 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187727353.SRDLC, 30.99%, 03/28/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 4964 | 5029 | 722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187727701.SRDLC, 28.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 2599 | 2628 | 2580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187727906.SRDLC, 29.74%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 4339 | 4388 | 4322 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187728129.SRDLC, 30.99%, 03/28/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 9855 | 9983 | 1433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187728775.SRDLC, 20.99%, 03/05/2025 (a)(j)(k) | Lending Club | 03/30/2022 | 2633 | 2662 | 2599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187729933.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 4771 | 4830 | 4587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187730016.SRDLC, 26.49%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 1551 | 1568 | 1539 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187730103.SRDLC, 30.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 6091 | 6159 | 6067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187731187.SRDLC, 30.99%, 05/30/2027 (a)(j)(k) | Lending Club | 04/06/2022 | 14368 | 14555 | 14041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187732651.SRDLC, 17.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 10141 | 10252 | 10067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187733555.SRDLC, 30.99%, 03/29/2027 (a)(j)(k) | Lending Club | 03/31/2022 | 14555 | 14726 | 13945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187734013.SRDLC, 24.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 976 | 987 | 966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187734606.SRDLC, 30.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 4730 | 4788 | 4707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187734741.SRDLC, 22.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 4000 | 4043 | 3973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187737195.SRDLC, 28.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 1731 | 1751 | 1718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187737593.SRDLC, 28.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 4332 | 4381 | 4299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187737991.SRDLC, 25.49%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 8599 | 8694 | 8532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187738310.SRDLC, 30.99%, 03/10/2027 (a)(j)(k) | Lending Club | 03/31/2022 | 7712 | 7806 | 7421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187738763.SRDLC, 15.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 7569 | 7651 | 7513 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187738813.SRDLC, 18.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 14812 | 14989 | 14609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187739186.SRDLC, 28.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 11315 | 11454 | 11357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187740004.SRDLC, 17.99%, 03/15/2025 (a)(j) | Lending Club | 03/30/2022 | 5531 | 5592 | 5488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187740151.SRDLC, 22.74%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 2735 | 2765 | 2722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187740881.SRDLC, 22.49%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 5124 | 5181 | 5101 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187741210.SRDLC, 30.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 13051 | 13198 | 13000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187741519.SRDLC, 30.99%, 03/15/2025 (a)(j) | Lending Club | 03/30/2022 | 2858 | 2890 | 2810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187742712.SRDLC, 30.99%, 04/17/2027 (a)(j) | Lending Club | 04/06/2022 | 7200 | 7294 | 6961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187743339.SRDLC, 14.49%, 03/18/2025 (a)(j) | Lending Club | 03/30/2022 | 4793 | 4845 | 4748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187744064.SRDLC, 18.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 13554 | 13702 | 13455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187744547.SRDLC, 28.49%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 1298 | 1313 | 1288 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187744622.SRDLC, 20.49%, 03/15/2025 (a)(j) | Lending Club | 03/30/2022 | 9683 | 9790 | 9599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187745440.SRDLC, 28.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 4332 | 4381 | 4299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187746188.SRDLC, 19.49%, 04/01/2025 (a)(j) | Lending Club | 03/31/2022 | 7325 | 7403 | 7161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187746700.SRDLC, 30.99%, 03/28/2027 (a)(j)(k) | Lending Club | 03/30/2022 | 8377 | 8486 | 1218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187746746.SRDLC, 28.49%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 4328 | 4376 | 4295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187746983.SRDLC, 23.99%, 03/31/2025 (a)(j) | Lending Club | 03/30/2022 | 3436 | 3474 | 3418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187747845.SRDLC, 17.49%, 03/16/2025 (a)(j) | Lending Club | 03/30/2022 | 10890 | 11009 | 10807 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187749050.SRDLC, 30.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 5676 | 5745 | 5649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187749843.SRDLC, 25.99%, 07/31/2025 (a)(j)(k) | Lending Club | 03/30/2022 | 11487 | 11635 | 1670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187751211.SRDLC, 30.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 6409 | 6488 | 6379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187751530.SRDLC, 18.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 4680 | 4737 | 4550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187752612.SRDLC, 28.99%, 03/30/2025 (a)(j)(k) | Lending Club | 03/30/2022 | 4736 | 4797 | 744 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**53** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187752645.SRDLC, 26.99%, 03/28/2024 (a)(j) | Lending Club | 03/30/2022 | $3806 | $3843 | $3838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187753460.SRDLC, 30.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 4730 | 4788 | 4707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187754067.SRDLC, 17.49%, 03/28/2026 (a)(j) | Lending Club | 03/30/2022 | 4468 | 4520 | 4417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187754377.SRDLC, 28.49%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 8645 | 8742 | 8580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187755696.SRDLC, 30.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 13051 | 13203 | 12804 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187755875.SRDLC, 17.49%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 2110 | 2133 | 2095 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187756826.SRDLC, 17.99%, 04/10/2025 (a)(j) | Lending Club | 03/30/2022 | 5292 | 5350 | 5231 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187758138.SRDLC, 22.49%, 03/28/2025 (a)(j)(k) | Lending Club | 03/30/2022 | 4595 | 4654 | 1168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187758892.SRDLC, 20.49%, 03/29/2025 (a)(j) | Lending Club | 03/31/2022 | 8501 | 8591 | 8374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187759243.SRDLC, 28.99%, 03/29/2025 (a)(j)(k) | Lending Club | 03/30/2022 | 2605 | 2639 | 379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187760320.SRDLC, 27.49%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 11287 | 11425 | 11329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187762428.SRDLC, 30.49%, 04/20/2027 (a)(j) | Lending Club | 04/07/2022 | 6963 | 7054 | 6692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187762661.SRDLC, 24.99%, 04/04/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 5600 | 5673 | 814 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187762709.SRDLC, 17.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 3471 | 3509 | 3414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187763202.SRDLC, 22.99%, 03/28/2025 (a)(j) | Lending Club | 03/30/2022 | 5985 | 6052 | 5957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187763926.SRDLC, 24.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 5583 | 5647 | 5481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187764063.SRDLC, 30.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 17802 | 18001 | 17220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187764071.SRDLC, 19.49%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 4071 | 4117 | 4011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187764329.SRDLC, 30.99%, 04/13/2027 (a)(j) | Lending Club | 03/30/2022 | 14532 | 14721 | 14208 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187764407.SRDLC, 19.49%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 8433 | 8535 | 8346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187764471.SRDLC, 22.49%, 05/13/2025 (a)(j) | Lending Club | 04/14/2022 | 21734 | 21979 | 21316 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187764798.SRDLC, 22.99%, 03/29/2025 (a)(j) | Lending Club | 03/31/2022 | 6840 | 6913 | 6746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187765017.SRDLC, 22.99%, 03/30/2025 (a)(j)(k) | Lending Club | 04/01/2022 | 2759 | 2794 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 187765049.SRDLC, 27.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 13487 | 13643 | 13225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187765326.SRDLC, 30.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 5676 | 5745 | 5649 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187765977.SRDLC, 19.49%, 04/15/2027 (a)(j) | Lending Club | 04/01/2022 | 9465 | 9580 | 9213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187766134.SRDLC, 24.99%, 03/28/2027 (a)(j) | Lending Club | 03/30/2022 | 12175 | 12323 | 12072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187767443.SRDLC, 30.99%, 03/29/2027 (a)(j)(k) | Lending Club | 03/31/2022 | 7745 | 7840 | 7421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187768851.SRDLC, 22.99%, 03/05/2025 (a)(j)(k) | Lending Club | 04/01/2022 | 8802 | 8898 | 8603 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187768946.SRDLC, 12.54%, 04/15/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 9855 | 9983 | 3692 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187770730.SRDLC, 19.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 3821 | 3864 | 3765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187770978.SRDLC, 30.49%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 5215 | 5276 | 5116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187771530.SRDLC, 15.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 17292 | 17482 | 17007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187771765.SRDLC, 30.99%, 03/20/2025 (a)(j) | Lending Club | 04/01/2022 | 1290 | 1305 | 1267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187772030.SRDLC, 30.49%, 04/06/2027 (a)(j)(k) | Lending Club | 04/01/2022 | 9675 | 9800 | 9261 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187772301.SRDLC, 30.99%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 8661 | 8766 | 8434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187773011.SRDLC, 13.19%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 23172 | 23172 | 22478 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187773304.SRDLC, 30.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4450 | 4501 | 4305 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187773425.SRDLC, 30.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 5220 | 5281 | 5122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187773626.SRDLC, 14.24%, 03/10/2025 (a)(j)(k) | Lending Club | 04/01/2022 | 2583 | 2611 | 2541 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187774067.SRDLC, 30.99%, 04/13/2025 (a)(j) | Lending Club | 04/07/2022 | 6285 | 6357 | 6074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187775635.SRDLC, 22.49%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 4661 | 4719 | 4566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187776367.SRDLC, 22.74%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 4273 | 4321 | 4215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187777756.SRDLC, 30.99%, 03/30/2027 (a)(j)(k) | Lending Club | 04/01/2022 | 5644 | 5712 | 5509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187778504.SRDLC, 30.49%, 03/30/2027 (a)(j)(k) | Lending Club | 04/01/2022 | 4927 | 4991 | 864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187778653.SRDLC, 30.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 5880 | 5947 | 5772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187779942.SRDLC, 30.99%, 03/30/2025 (a)(j)(k) | Lending Club | 04/01/2022 | 3180 | 3221 | 3065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187780414.SRDLC, 18.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 5083 | 5140 | 5022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187780746.SRDLC, 21.49%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 7257 | 7342 | 7121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187780777.SRDLC, 30.99%, 03/18/2027 (a)(j)(k) | Lending Club | 04/01/2022 | 9670 | 9796 | 4297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187781026.SRDLC, 17.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 4225 | 4273 | 4175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187781426.SRDLC, 20.49%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 11052 | 11176 | 10890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187781840.SRDLC, 30.99%, 03/30/2025 (a)(j)(k) | Lending Club | 04/01/2022 | 3125 | 3164 | 3009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187781877.SRDLC, 15.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 1729 | 1748 | 1700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187782545.SRDLC, 16.99%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 13829 | 13998 | 13521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187783446.SRDLC, 18.49%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 5072 | 5129 | 5011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187784224.SRDLC, 22.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 3420 | 3459 | 3374 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**54** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187784638.SRDLC, 22.99%, 03/02/2025 (a)(j)(k) | Lending Club | 04/01/2022 | $3851 | $3898 | $1518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187784777.SRDLC, 28.49%, 04/04/2025 (a)(j) | Lending Club | 04/01/2022 | 5338 | 5398 | 5155 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187786026.SRDLC, 30.99%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 5676 | 5748 | 5532 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187789570.SRDLC, 22.49%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 2563 | 2591 | 2526 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187789803.SRDLC, 30.24%, 03/30/2027 (a)(j)(k) | Lending Club | 04/01/2022 | 11900 | 12055 | 1730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187790097.SRDLC, 24.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 1582 | 1601 | 1552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187790872.SRDLC, 30.99%, 03/02/2027 (a)(j)(k) | Lending Club | 04/01/2022 | 5719 | 5793 | 5488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187791035.SRDLC, 26.24%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 15503 | 15681 | 15220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187791123.SRDLC, 30.99%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 8608 | 8718 | 8391 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187792825.SRDLC, 19.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 5094 | 5150 | 5020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187793076.SRDLC, 28.99%, 04/03/2025 (a)(j) | Lending Club | 04/01/2022 | 3204 | 3240 | 3094 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187793104.SRDLC, 28.99%, 03/30/2025 (a)(j)(k) | Lending Club | 04/01/2022 | 9264 | 9385 | 2172 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187794659.SRDLC, 15.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 3026 | 3059 | 2975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187795400.SRDLC, 30.99%, 03/30/2027 (a)(j) | Lending Club | 04/01/2022 | 4730 | 4790 | 4610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187795721.SRDLC, 7.49%, 04/13/2025 (a)(j) | Lending Club | 04/15/2022 | 9333 | 9333 | 9207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187796391.SRDLC, 27.99%, 04/15/2025 (a)(j) | Lending Club | 04/01/2022 | 902 | 914 | 873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187797389.SRDLC, 30.99%, 03/15/2026 (a)(j) | Lending Club | 04/01/2022 | 1454 | 1472 | 1421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187799353.SRDLC, 17.99%, 03/30/2025 (a)(j)(k) | Lending Club | 04/01/2022 | 6167 | 6247 | 897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187799361.SRDLC, 16.99%, 03/31/2027 (a)(j) | Lending Club | 04/01/2022 | 11991 | 12138 | 11671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187800170.SRDLC, 30.99%, 03/05/2025 (a)(j)(k) | Lending Club | 04/01/2022 | 2504 | 2531 | 2416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187801163.SRDLC, 21.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 8752 | 8850 | 8563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187802573.SRDLC, 30.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 5341 | 5401 | 5166 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187803166.SRDLC, 19.49%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 2119 | 2143 | 2088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187804133.SRDLC, 17.24%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 3016 | 3049 | 2978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187804147.SRDLC, 22.99%, 03/30/2025 (a)(j) | Lending Club | 04/01/2022 | 2565 | 2594 | 2531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187804192.SRDLC, 6.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 7204 | 7204 | 7105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187809503.SRDLC, 27.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 5312 | 5312 | 5092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187810172.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 14314 | 14491 | 13760 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187812001.SRDLC, 30.49%, 04/04/2027 (a)(j)(k) | Lending Club | 04/06/2022 | 4862 | 4925 | 2116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187812184.SRDLC, 28.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 1774 | 1794 | 1721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187813470.SRDLC, 30.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 2848 | 2881 | 2755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187814662.SRDLC, 30.99%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 4771 | 4830 | 4590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187814754.SRDLC, 30.99%, 04/18/2027 (a)(j) | Lending Club | 04/07/2022 | 14503 | 14692 | 13936 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187815910.SRDLC, 26.99%, 04/18/2025 (a)(j) | Lending Club | 04/06/2022 | 13433 | 13585 | 13019 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187816052.SRDLC, 28.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 5317 | 5376 | 5153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187817752.SRDLC, 22.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 3508 | 3547 | 3432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187818458.SRDLC, 19.49%, 04/04/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 1821 | 1845 | 699 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187818533.SRDLC, 28.99%, 04/04/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 5321 | 5382 | 5157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187820470.SRDLC, 20.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 1747 | 1766 | 1710 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187821270.SRDLC, 30.49%, 04/15/2025 (a)(j) | Lending Club | 04/06/2022 | 3591 | 3632 | 3488 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187821300.SRDLC, 30.49%, 04/07/2025 (a)(j) | Lending Club | 04/06/2022 | 2676 | 2706 | 2586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187822317.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 5726 | 5796 | 5505 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187822913.SRDLC, 15.99%, 04/04/2024 (a)(j) | Lending Club | 04/06/2022 | 1168 | 1180 | 1157 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187823371.SRDLC, 30.99%, 04/13/2027 (a)(j) | Lending Club | 04/06/2022 | 14446 | 14634 | 13866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187823915.SRDLC, 19.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4359 | 4407 | 4266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187824476.SRDLC, 21.99%, 04/05/2025 (a)(j) | Lending Club | 04/06/2022 | 11386 | 11513 | 11132 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187824940.SRDLC, 17.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 3473 | 3511 | 3415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187825124.SRDLC, 30.99%, 04/04/2027 (a)(j)(k) | Lending Club | 04/06/2022 | 11736 | 11889 | 5092 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187830962.SRDLC, 12.54%, 04/10/2025 (a)(j) | Lending Club | 04/06/2022 | 6022 | 6087 | 5931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187832105.SRDLC, 30.99%, 05/28/2027 (a)(j) | Lending Club | 04/06/2022 | 14099 | 14272 | 13802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187832338.SRDLC, 22.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 13154 | 13301 | 12870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187833165.SRDLC, 30.99%, 04/15/2027 (a)(j) | Lending Club | 04/06/2022 | 5790 | 5865 | 5559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187835742.SRDLC, 15.49%, 04/07/2025 (a)(j) | Lending Club | 04/06/2022 | 8651 | 8745 | 8512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187836068.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 8016 | 8115 | 7707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187838477.SRDLC, 30.99%, 04/15/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 12432 | 12593 | 1361 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187839088.SRDLC, 30.99%, 04/04/2027 (a)(j)(k) | Lending Club | 04/06/2022 | 14670 | 14861 | 6396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187840012.SRDLC, 19.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 3135 | 3170 | 3068 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**55** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187842093.SRDLC, 22.49%, 04/04/2027 (a)(j)(k) | Lending Club | 04/06/2022 | $9623 | $9748 | $3851 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187843197.SRDLC, 11.99%, 04/19/2027 (a)(j) | Lending Club | 04/06/2022 | 16728 | 16728 | 16364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187843892.SRDLC, 24.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 3521 | 3561 | 3423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187844022.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 14314 | 14490 | 13762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187844450.SRDLC, 30.99%, 04/04/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 1887 | 1909 | 1823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187844865.SRDLC, 20.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 2618 | 2647 | 2562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187845510.SRDLC, 19.49%, 04/12/2025 (a)(j) | Lending Club | 04/06/2022 | 4360 | 4408 | 4270 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187845740.SRDLC, 30.99%, 04/30/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 7557 | 7646 | 7321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187846033.SRDLC, 17.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 5643 | 5705 | 5549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187847354.SRDLC, 25.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 23689 | 23978 | 22892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187847388.SRDLC, 13.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 3874 | 3916 | 3808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187847747.SRDLC, 19.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4354 | 4402 | 4262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187848474.SRDLC, 30.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 1602 | 1620 | 1551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187849251.SRDLC, 30.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 3560 | 3601 | 3444 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187849309.SRDLC, 28.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 10647 | 10763 | 10303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187850176.SRDLC, 28.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 2791 | 2823 | 2705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187850551.SRDLC, 30.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4297 | 4346 | 4149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187851090.SRDLC, 23.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 2634 | 2663 | 2574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187851585.SRDLC, 19.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 17816 | 18031 | 17339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187852320.SRDLC, 26.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 11379 | 11518 | 10997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187853356.SRDLC, 30.99%, 04/04/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 7722 | 7822 | 1119 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187853969.SRDLC, 29.99%, 04/08/2027 (a)(j) | Lending Club | 04/06/2022 | 8606 | 8712 | 8280 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187853993.SRDLC, 15.49%, 04/04/2024 (a)(j) | Lending Club | 04/06/2022 | 1167 | 1178 | 1156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187854084.SRDLC, 30.99%, 08/08/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 1899 | 1923 | 437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187854140.SRDLC, 20.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 13610 | 13782 | 13247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187854293.SRDLC, 16.99%, 04/14/2025 (a)(j) | Lending Club | 04/06/2022 | 4341 | 4389 | 4272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187854397.SRDLC, 30.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 2670 | 2700 | 2583 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187854697.SRDLC, 22.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 4716 | 4773 | 4578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187855534.SRDLC, 30.99%, 04/04/2027 (a)(j)(k) | Lending Club | 04/06/2022 | 19711 | 19967 | 4481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187855775.SRDLC, 26.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 1811 | 1832 | 1756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187856387.SRDLC, 22.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 3069 | 3104 | 3003 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187857140.SRDLC, 30.99%, 04/18/2027 (a)(j) | Lending Club | 04/06/2022 | 4839 | 4902 | 4648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187857239.SRDLC, 30.99%, 04/15/2025 (a)(j) | Lending Club | 04/06/2022 | 2342 | 2369 | 2263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187857517.SRDLC, 17.99%, 04/10/2025 (a)(j) | Lending Club | 04/06/2022 | 2600 | 2629 | 2559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187857930.SRDLC, 30.99%, 04/12/2025 (a)(j) | Lending Club | 04/06/2022 | 8970 | 9072 | 8696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187858022.SRDLC, 17.74%, 04/19/2025 (a)(j) | Lending Club | 04/06/2022 | 4379 | 4427 | 4310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187858630.SRDLC, 30.99%, 04/04/2027 (a)(j)(k) | Lending Club | 04/06/2022 | 5477 | 5548 | 2388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187859053.SRDLC, 17.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 2605 | 2633 | 2561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187859227.SRDLC, 20.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 5672 | 5735 | 5551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187859323.SRDLC, 30.99%, 05/25/2027 (a)(j) | Lending Club | 04/06/2022 | 14054 | 14226 | 13755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187859532.SRDLC, 20.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4368 | 4416 | 4275 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187859602.SRDLC, 30.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 890 | 900 | 861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187861515.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 6680 | 6762 | 6422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187862773.SRDLC, 28.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 6380 | 6452 | 6183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187862799.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 3011 | 3048 | 2875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187863084.SRDLC, 30.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 890 | 900 | 861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187864208.SRDLC, 18.99%, 04/12/2024 (a)(j) | Lending Club | 04/06/2022 | 4356 | 4399 | 4319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187864635.SRDLC, 24.99%, 04/20/2025 (a)(j)(k) | Lending Club | 04/07/2022 | 6060 | 6138 | 5906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187864708.SRDLC, 27.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 17106 | 17316 | 16668 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187865104.SRDLC, 23.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 7553 | 7644 | 7341 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187865693.SRDLC, 15.74%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 15575 | 15738 | 15327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187865748.SRDLC, 16.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 5198 | 5256 | 5111 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187865773.SRDLC, 17.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 6251 | 6320 | 6146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187865865.SRDLC, 30.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 1780 | 1800 | 1722 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187866166.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 14314 | 14490 | 13762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187866389.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 4771 | 4830 | 4587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187869709.SRDLC, 28.99%, 04/15/2027 (a)(j) | Lending Club | 04/06/2022 | 17310 | 17535 | 16823 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**56** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187871047.SRDLC, 30.99%, 04/09/2025 (a)(j) | Lending Club | 04/06/2022 | $5365 | $5426 | $5192 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187871605.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 23858 | 24151 | 22933 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187872123.SRDLC, 30.99%, 04/06/2027 (a)(j)(k) | Lending Club | 04/08/2022 | 11644 | 11786 | 11190 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187872175.SRDLC, 30.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 4292 | 4341 | 4156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187872374.SRDLC, 24.99%, 04/12/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 3575 | 3621 | 3484 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187872532.SRDLC, 26.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 14224 | 14398 | 13746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187872598.SRDLC, 30.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 1335 | 1350 | 1291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187873132.SRDLC, 17.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4341 | 4389 | 4268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187873200.SRDLC, 17.99%, 04/04/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 3503 | 3548 | 3448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187873238.SRDLC, 25.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 7056 | 7135 | 6859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187873507.SRDLC, 28.74%, 04/04/2026 (a)(j) | Lending Club | 04/06/2022 | 9278 | 9389 | 9001 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187875474.SRDLC, 14.09%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 37140 | 37140 | 36031 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187875633.SRDLC, 18.99%, 04/21/2027 (a)(j)(k) | Lending Club | 04/08/2022 | 28744 | 28744 | 27543 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187875778.SRDLC, 6.79%, 04/15/2025 (a)(j) | Lending Club | 04/19/2022 | 14401 | 14401 | 14219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187876452.SRDLC, 12.99%, 04/11/2025 (a)(j) | Lending Club | 04/13/2022 | 27490 | 27490 | 26779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187876494.SRDLC, 28.49%, 04/04/2024 (a)(j)(k) | Lending Club | 04/06/2022 | 6356 | 6420 | 6268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187876607.SRDLC, 15.99%, 04/19/2025 (a)(j) | Lending Club | 04/06/2022 | 2620 | 2649 | 2586 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187876882.SRDLC, 20.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 9393 | 9506 | 9143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187877543.SRDLC, 26.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 11379 | 11518 | 10997 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187877609.SRDLC, 21.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 4704 | 4761 | 4580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187877651.SRDLC, 21.99%, 05/20/2027 (a)(j) | Lending Club | 04/06/2022 | 18435 | 18658 | 18071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187878586.SRDLC, 6.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4656 | 4656 | 4592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187881830.SRDLC, 30.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 19086 | 19320 | 18349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187882608.SRDLC, 22.49%, 04/13/2025 (a)(j)(k) | Lending Club | 04/07/2022 | 4699 | 4760 | 1007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187883261.SRDLC, 16.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 4338 | 4386 | 4269 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187884247.SRDLC, 30.99%, 04/08/2027 (a)(j) | Lending Club | 04/06/2022 | 9582 | 9700 | 9200 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187884491.SRDLC, 30.99%, 04/17/2025 (a)(j) | Lending Club | 04/06/2022 | 13511 | 13666 | 13140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187885149.SRDLC, 30.99%, 04/23/2025 (a)(j) | Lending Club | 04/06/2022 | 5598 | 5661 | 5463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187885477.SRDLC, 27.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 4033 | 4078 | 3897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187887142.SRDLC, 24.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 7563 | 7655 | 7307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187887270.SRDLC, 25.49%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 8812 | 8910 | 8569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187887355.SRDLC, 30.49%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 14304 | 14479 | 13759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187887520.SRDLC, 26.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 14235 | 14235 | 13534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187887568.SRDLC, 16.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 3466 | 3504 | 3409 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187890698.SRDLC, 17.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 4775 | 4828 | 4696 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187891190.SRDLC, 24.99%, 04/06/2027 (a)(j) | Lending Club | 04/08/2022 | 4731 | 4788 | 4575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187894188.SRDLC, 22.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 23561 | 23846 | 22872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187895127.SRDLC, 27.99%, 04/15/2025 (a)(j) | Lending Club | 04/06/2022 | 3749 | 3791 | 3632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187899203.SRDLC, 24.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 19193 | 19409 | 18639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187899456.SRDLC, 30.99%, 04/21/2027 (a)(j) | Lending Club | 04/08/2022 | 22984 | 23252 | 22273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187899525.SRDLC, 24.99%, 04/07/2025 (a)(j) | Lending Club | 04/11/2022 | 4402 | 4451 | 4287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187899555.SRDLC, 19.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 5775 | 5839 | 5655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187902334.SRDLC, 30.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 8011 | 8101 | 7753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187902906.SRDLC, 24.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 2640 | 2670 | 2567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187903235.SRDLC, 30.99%, 04/19/2027 (a)(j) | Lending Club | 04/06/2022 | 4837 | 4900 | 4682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187903875.SRDLC, 17.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 3039 | 3072 | 2988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187903936.SRDLC, 29.99%, 04/10/2025 (a)(j) | Lending Club | 04/08/2022 | 5351 | 5412 | 5181 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187904384.SRDLC, 30.99%, 04/08/2027 (a)(j)(k) | Lending Club | 04/07/2022 | 5838 | 5913 | 2560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187904399.SRDLC, 17.99%, 04/25/2025 (a)(j) | Lending Club | 04/07/2022 | 4566 | 4617 | 4512 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187904515.SRDLC, 30.99%, 04/05/2025 (a)(j)(k) | Lending Club | 04/07/2022 | 1930 | 1956 | 299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187904645.SRDLC, 23.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 8787 | 8787 | 8418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187904786.SRDLC, 30.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 2670 | 2700 | 2584 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187904904.SRDLC, 30.99%, 04/15/2025 (a)(j)(k) | Lending Club | 04/07/2022 | 5949 | 6026 | 865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187905066.SRDLC, 24.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 6338 | 6409 | 6164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187905484.SRDLC, 26.74%, 04/15/2027 (a)(j) | Lending Club | 04/08/2022 | 14341 | 14518 | 13966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187906366.SRDLC, 30.99%, 04/05/2025 (a)(j)(k) | Lending Club | 04/07/2022 | 14742 | 14934 | 2144 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187907513.SRDLC, 28.49%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 10461 | 10589 | 10198 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**57** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187907723.SRDLC, 23.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | $5272 | $5272 | $5051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187909316.SRDLC, 30.99%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 4771 | 4830 | 4590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187909377.SRDLC, 13.19%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 5586 | 5586 | 5436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187910215.SRDLC, 20.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 2094 | 2117 | 2050 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187910262.SRDLC, 15.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 6917 | 6993 | 6800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187911176.SRDLC, 30.99%, 04/13/2027 (a)(j) | Lending Club | 04/06/2022 | 9151 | 9270 | 8783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187914262.SRDLC, 30.99%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 19086 | 19321 | 18359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187914526.SRDLC, 13.19%, 05/10/2025 (a)(j) | Lending Club | 04/28/2022 | 7333 | 7333 | 7154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187916897.SRDLC, 30.99%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 8016 | 8115 | 7711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187917757.SRDLC, 23.49%, 04/06/2025 (a)(j)(k) | Lending Club | 04/08/2022 | 10790 | 10911 | 10562 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187920689.SRDLC, 25.49%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 6626 | 6700 | 6405 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187921967.SRDLC, 17.49%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 3816 | 3858 | 3753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187923397.SRDLC, 30.99%, 04/16/2027 (a)(j) | Lending Club | 04/07/2022 | 14455 | 14639 | 13965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187925186.SRDLC, 25.99%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 7581 | 7673 | 7329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187925702.SRDLC, 23.99%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 3515 | 3515 | 3367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187926595.SRDLC, 22.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 6139 | 6207 | 6010 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187926631.SRDLC, 26.74%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 14229 | 14403 | 13870 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187926998.SRDLC, 7.99%, 04/30/2025 (a)(j) | Lending Club | 04/19/2022 | 10235 | 10235 | 10110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187927267.SRDLC, 26.49%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 23707 | 23996 | 22920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187930185.SRDLC, 26.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 2209 | 2234 | 2143 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187930630.SRDLC, 27.99%, 04/20/2025 (a)(j) | Lending Club | 04/07/2022 | 4478 | 4530 | 4369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187934515.SRDLC, 30.99%, 04/20/2025 (a)(j)(k) | Lending Club | 04/07/2022 | 14041 | 14205 | 13590 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187935982.SRDLC, 30.99%, 04/06/2027 (a)(j)(k) | Lending Club | 04/08/2022 | 5774 | 5845 | 5551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187936291.SRDLC, 16.49%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 4663 | 4719 | 4533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187936598.SRDLC, 28.99%, 04/15/2024 (a)(j) | Lending Club | 04/07/2022 | 4050 | 4091 | 3980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187939726.SRDLC, 19.99%, 04/06/2027 (a)(j) | Lending Club | 04/08/2022 | 9385 | 9498 | 9139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187939812.SRDLC, 14.24%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 3876 | 3919 | 3812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187940222.SRDLC, 23.49%, 07/20/2025 (a)(j)(k) | Lending Club | 04/08/2022 | 22479 | 22731 | 14194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187940357.SRDLC, 30.99%, 04/08/2027 (a)(j) | Lending Club | 04/08/2022 | 13781 | 13950 | 13247 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187941246.SRDLC, 22.74%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 877 | 886 | 858 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187941261.SRDLC, 30.99%, 04/06/2027 (a)(j) | Lending Club | 04/08/2022 | 23858 | 24151 | 22962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187941743.SRDLC, 30.99%, 04/06/2027 (a)(j)(k) | Lending Club | 04/08/2022 | 5822 | 5898 | 5591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187943162.SRDLC, 28.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 2658 | 2688 | 2579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187943954.SRDLC, 9.99%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 36835 | 36835 | 35973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187944203.SRDLC, 30.99%, 04/06/2027 (a)(j)(k) | Lending Club | 04/08/2022 | 11371 | 11519 | 10937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187944605.SRDLC, 30.99%, 04/13/2027 (a)(j) | Lending Club | 04/08/2022 | 14408 | 14585 | 13903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187945171.SRDLC, 30.99%, 04/06/2027 (a)(j)(k) | Lending Club | 04/08/2022 | 12373 | 12533 | 11906 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187945878.SRDLC, 15.49%, 04/15/2024 (a)(j) | Lending Club | 04/08/2022 | 2345 | 2368 | 2327 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187947629.SRDLC, 30.99%, 04/16/2027 (a)(j) | Lending Club | 04/08/2022 | 4814 | 4876 | 4651 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187948199.SRDLC, 30.99%, 04/13/2027 (a)(j) | Lending Club | 04/08/2022 | 9612 | 9731 | 9241 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187948779.SRDLC, 30.99%, 04/06/2027 (a)(j) | Lending Club | 04/08/2022 | 9263 | 9374 | 8849 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187951250.SRDLC, 15.69%, 04/26/2027 (a)(j) | Lending Club | 04/28/2022 | 26543 | 26543 | 25734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187953821.SRDLC, 19.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 4359 | 4407 | 4268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187953962.SRDLC, 11.99%, 04/14/2027 (a)(j) | Lending Club | 04/18/2022 | 2959 | 2959 | 2893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187958137.SRDLC, 15.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 2161 | 2185 | 2126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187961050.SRDLC, 11.29%, 04/27/2025 (a)(j) | Lending Club | 04/29/2022 | 10270 | 10270 | 10091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187961428.SRDLC, 11.99%, 04/11/2025 (a)(j) | Lending Club | 04/13/2022 | 8572 | 8572 | 8423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187961524.SRDLC, 30.99%, 04/06/2026 (a)(j) | Lending Club | 04/08/2022 | 13036 | 13192 | 12567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187965733.SRDLC, 30.99%, 04/06/2027 (a)(j) | Lending Club | 04/08/2022 | 9543 | 9660 | 9183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187967810.SRDLC, 30.99%, 04/18/2027 (a)(j)(k) | Lending Club | 04/08/2022 | 11749 | 11902 | 11313 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187969294.SRDLC, 25.49%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 2644 | 2673 | 2572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187973616.SRDLC, 13.19%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 3867 | 3867 | 3764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187973884.SRDLC, 9.69%, 04/27/2027 (a)(j) | Lending Club | 04/29/2022 | 18406 | 18406 | 18007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187974382.SRDLC, 24.49%, 04/06/2027 (a)(j) | Lending Club | 04/08/2022 | 6618 | 6698 | 6399 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187975935.SRDLC, 20.49%, 04/26/2025 (a)(j) | Lending Club | 04/28/2022 | 7855 | 7855 | 7604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187977450.SRDLC, 29.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 13861 | 14018 | 13424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187978396.SRDLC, 30.49%, 04/01/2027 (a)(j) | Lending Club | 04/08/2022 | 5625 | 5694 | 5405 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**58** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 187978760.SRDLC, 30.99%, 04/06/2027 (a)(j)(k) | Lending Club | 04/08/2022 | $5337 | $5406 | $5129 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187978875.SRDLC, 23.49%, 04/16/2025 (a)(j) | Lending Club | 04/11/2022 | 10966 | 10966 | 10549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187979553.SRDLC, 30.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 1602 | 1620 | 1552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187980437.SRDLC, 30.99%, 04/06/2025 (a)(j)(k) | Lending Club | 04/08/2022 | 443 | 447 | 434 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187981341.SRDLC, 21.49%, 04/06/2027 (a)(j) | Lending Club | 04/08/2022 | 4720 | 4778 | 4604 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187981645.SRDLC, 30.99%, 04/15/2025 (a)(j) | Lending Club | 04/08/2022 | 7371 | 7455 | 7127 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187982842.SRDLC, 19.49%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 1045 | 1056 | 1023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187982886.SRDLC, 22.49%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 22618 | 22618 | 21504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187983448.SRDLC, 28.99%, 04/06/2025 (a)(j)(k) | Lending Club | 04/08/2022 | 5356 | 5417 | 5189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187984127.SRDLC, 18.49%, 04/06/2027 (a)(j) | Lending Club | 04/08/2022 | 14977 | 15157 | 14568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187984198.SRDLC, 9.69%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 18406 | 18406 | 17975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187984558.SRDLC, 17.99%, 04/06/2025 (a)(j) | Lending Club | 04/08/2022 | 1302 | 1317 | 1281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 187999901.SRDLC, 6.59%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 5504 | 5504 | 5428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188003565.SRDLC, 13.19%, 04/04/2027 (a)(j) | Lending Club | 04/06/2022 | 19464 | 19464 | 18882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188003641.SRDLC, 7.59%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 36646 | 36646 | 35965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188004259.SRDLC, 21.79%, 04/15/2025 (a)(j)(k) | Lending Club | 04/06/2022 | 4514 | 4514 | 1788 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188018369.SRDLC, 14.49%, 04/04/2025 (a)(j) | Lending Club | 04/06/2022 | 3790 | 3790 | 3689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188028189.SRDLC, 12.19%, 04/12/2025 (a)(j) | Lending Club | 04/14/2022 | 3932 | 3932 | 3836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188044743.SRDLC, 23.99%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 879 | 879 | 842 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188047484.SRDLC, 9.69%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 12792 | 12792 | 12546 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188048867.SRDLC, 11.99%, 04/12/2025 (a)(j) | Lending Club | 04/14/2022 | 17958 | 17958 | 17624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188049422.SRDLC, 18.99%, 04/18/2025 (a)(j) | Lending Club | 04/13/2022 | 11533 | 11533 | 11139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188062837.SRDLC, 7.59%, 04/30/2025 (a)(j) | Lending Club | 04/07/2022 | 24678 | 24678 | 24358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188063554.SRDLC, 14.19%, 04/05/2025 (a)(j) | Lending Club | 04/07/2022 | 2472 | 2472 | 2408 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188069029.SRDLC, 7.99%, 04/05/2027 (a)(j) | Lending Club | 04/07/2022 | 20511 | 20511 | 20149 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188071537.SRDLC, 14.99%, 04/13/2027 (a)(j) | Lending Club | 04/11/2022 | 21685 | 21685 | 21110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188077112.SRDLC, 7.49%, 04/06/2025 (a)(j)(k) | Lending Club | 04/08/2022 | 33036 | 33036 | 32594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188090500.SRDLC, 26.79%, 04/26/2025 (a)(j)(k) | Lending Club | 04/13/2022 | 13834 | 13834 | 13364 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188093871.SRDLC, 13.19%, 04/21/2027 (a)(j) | Lending Club | 04/08/2022 | 14923 | 14923 | 14509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188101498.SRDLC, 23.99%, 04/07/2027 (a)(j) | Lending Club | 04/11/2022 | 24113 | 24113 | 22964 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188102874.SRDLC, 28.99%, 04/06/2025 (a)(j)(k) | Lending Club | 04/08/2022 | 6618 | 6618 | 957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188110010.SRDLC, 13.19%, 04/15/2027 (a)(j) | Lending Club | 04/11/2022 | 15344 | 15344 | 14924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188111080.SRDLC, 22.49%, 04/18/2025 (a)(j) | Lending Club | 04/20/2022 | 11197 | 11197 | 10772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188115513.SRDLC, 7.49%, 04/07/2025 (a)(j) | Lending Club | 04/11/2022 | 2545 | 2545 | 2511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188116171.SRDLC, 10.99%, 04/15/2025 (a)(j) | Lending Club | 04/08/2022 | 8238 | 8238 | 8091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188118276.SRDLC, 14.09%, 04/29/2027 (a)(j) | Lending Club | 04/12/2022 | 28113 | 28113 | 27427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188125168.SRDLC, 7.99%, 04/07/2025 (a)(j) | Lending Club | 04/11/2022 | 21237 | 21237 | 20948 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188135932.SRDLC, 25.99%, 04/07/2027 (a)(j) | Lending Club | 04/11/2022 | 7581 | 7581 | 7220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188141825.SRDLC, 16.99%, 04/15/2025 (a)(j) | Lending Club | 04/11/2022 | 5223 | 5223 | 5066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188144427.SRDLC, 22.49%, 04/09/2027 (a)(j)(k) | Lending Club | 04/28/2022 | 8996 | 8996 | 8634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188151431.SRDLC, 6.49%, 04/18/2025 (a)(j) | Lending Club | 04/20/2022 | 8127 | 8127 | 8018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188152374.SRDLC, 6.49%, 04/08/2025 (a)(j) | Lending Club | 04/12/2022 | 16930 | 16930 | 16700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188154421.SRDLC, 6.59%, 04/07/2027 (a)(j) | Lending Club | 04/11/2022 | 13255 | 13255 | 13009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188155614.SRDLC, 12.49%, 04/27/2025 (a)(j) | Lending Club | 04/29/2022 | 4291 | 4291 | 4189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188157838.SRDLC, 9.99%, 04/01/2027 (a)(j) | Lending Club | 04/18/2022 | 13251 | 13251 | 12961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188163418.SRDLC, 8.49%, 04/28/2025 (a)(j) | Lending Club | 05/02/2022 | 8164 | 8164 | 8059 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188173201.SRDLC, 9.99%, 04/08/2025 (a)(j) | Lending Club | 04/12/2022 | 853 | 853 | 837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188176512.SRDLC, 21.49%, 04/15/2027 (a)(j) | Lending Club | 04/19/2022 | 18818 | 18818 | 17972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188177085.SRDLC, 7.09%, 04/08/2025 (a)(j) | Lending Club | 04/12/2022 | 9749 | 9749 | 9616 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188180448.SRDLC, 8.99%, 04/11/2025 (a)(j) | Lending Club | 04/13/2022 | 12771 | 12771 | 12599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188180458.SRDLC, 13.19%, 04/08/2027 (a)(j) | Lending Club | 04/12/2022 | 14830 | 14830 | 14398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188180817.SRDLC, 9.69%, 04/18/2027 (a)(j) | Lending Club | 04/20/2022 | 18406 | 18406 | 17994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188186855.SRDLC, 6.59%, 04/11/2025 (a)(j) | Lending Club | 04/13/2022 | 5080 | 5080 | 5011 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188187819.SRDLC, 23.99%, 04/08/2027 (a)(j) | Lending Club | 04/12/2022 | 8502 | 8502 | 8100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188192898.SRDLC, 23.49%, 04/13/2027 (a)(j) | Lending Club | 04/15/2022 | 18879 | 18879 | 18008 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188193597.SRDLC, 12.49%, 04/18/2027 (a)(j) | Lending Club | 04/20/2022 | 23139 | 23139 | 22490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188196917.SRDLC, 22.49%, 04/10/2027 (a)(j) | Lending Club | 04/13/2022 | 17542 | 17542 | 16730 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**59** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 188197766.SRDLC, 8.99%, 04/11/2027 (a)(j) | Lending Club | 04/13/2022 | $2941 | $2941 | $2887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188200624.SRDLC, 7.59%, 04/11/2027 (a)(j) | Lending Club | 04/13/2022 | 15575 | 15575 | 15289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188202504.SRDLC, 18.19%, 04/11/2027 (a)(j) | Lending Club | 04/13/2022 | 9110 | 9110 | 8740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188203484.SRDLC, 12.49%, 04/11/2025 (a)(j) | Lending Club | 04/13/2022 | 6865 | 6865 | 6687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188208257.SRDLC, 14.49%, 04/17/2025 (a)(j) | Lending Club | 04/13/2022 | 1727 | 1727 | 1686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188209820.SRDLC, 20.99%, 04/20/2027 (a)(j) | Lending Club | 04/22/2022 | 9402 | 9402 | 9062 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188210936.SRDLC, 9.29%, 04/11/2025 (a)(j) | Lending Club | 04/13/2022 | 13206 | 13206 | 12958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188212079.SRDLC, 7.59%, 04/20/2025 (a)(j) | Lending Club | 04/13/2022 | 6805 | 6805 | 6718 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188214895.SRDLC, 26.79%, 04/21/2025 (a)(j) | Lending Club | 04/14/2022 | 15125 | 15125 | 14602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188214926.SRDLC, 16.19%, 04/11/2027 (a)(j) | Lending Club | 04/13/2022 | 5034 | 5034 | 4866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188223707.SRDLC, 16.99%, 04/19/2025 (a)(j) | Lending Club | 04/13/2022 | 12143 | 12143 | 11798 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188232246.SRDLC, 14.19%, 04/02/2025 (a)(j) | Lending Club | 04/18/2022 | 23999 | 23999 | 23355 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188232511.SRDLC, 4.99%, 04/20/2025 (a)(j) | Lending Club | 04/13/2022 | 9704 | 9704 | 9585 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188241974.SRDLC, 26.79%, 04/27/2027 (a)(j)(k) | Lending Club | 04/29/2022 | 6436 | 6436 | 1034 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188242926.SRDLC, 22.49%, 05/09/2027 (a)(j) | Lending Club | 05/11/2022 | 17144 | 17144 | 16354 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188243266.SRDLC, 12.99%, 04/11/2027 (a)(j) | Lending Club | 04/13/2022 | 13897 | 13897 | 13495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188245083.SRDLC, 18.99%, 04/11/2027 (a)(j) | Lending Club | 04/13/2022 | 30264 | 30264 | 29105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188253660.SRDLC, 8.99%, 04/11/2027 (a)(j) | Lending Club | 04/13/2022 | 9189 | 9189 | 9022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188257765.SRDLC, 13.19%, 04/11/2025 (a)(j) | Lending Club | 04/13/2022 | 2577 | 2577 | 2511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188262303.SRDLC, 8.99%, 04/11/2025 (a)(j) | Lending Club | 04/13/2022 | 3406 | 3406 | 3360 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188269841.SRDLC, 14.99%, 04/15/2027 (a)(j) | Lending Club | 04/13/2022 | 23291 | 23291 | 22675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188271685.SRDLC, 5.09%, 04/11/2025 (a)(j) | Lending Club | 04/13/2022 | 5062 | 5062 | 4993 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188272070.SRDLC, 7.59%, 04/12/2025 (a)(j) | Lending Club | 04/14/2022 | 9760 | 9760 | 9628 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188288146.SRDLC, 19.49%, 04/13/2027 (a)(j) | Lending Club | 04/15/2022 | 6564 | 6564 | 6297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188299292.SRDLC, 8.99%, 04/12/2025 (a)(j) | Lending Club | 04/14/2022 | 9363 | 9363 | 9237 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188303266.SRDLC, 28.99%, 04/14/2027 (a)(j) | Lending Club | 04/18/2022 | 3426 | 3426 | 3272 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188306165.SRDLC, 14.19%, 04/12/2025 (a)(j) | Lending Club | 04/14/2022 | 6632 | 6632 | 6461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188317069.SRDLC, 20.99%, 04/19/2027 (a)(j) | Lending Club | 04/21/2022 | 11281 | 11281 | 10841 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188317779.SRDLC, 6.99%, 04/14/2027 (a)(j) | Lending Club | 04/18/2022 | 9332 | 9332 | 9162 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188325419.SRDLC, 9.59%, 04/13/2027 (a)(j) | Lending Club | 04/15/2022 | 23002 | 23002 | 22479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188334977.SRDLC, 8.99%, 04/13/2025 (a)(j) | Lending Club | 04/15/2022 | 25543 | 25543 | 25199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188335663.SRDLC, 16.99%, 04/23/2025 (a)(j) | Lending Club | 04/15/2022 | 6968 | 6968 | 6776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188347330.SRDLC, 12.49%, 04/18/2025 (a)(j) | Lending Club | 04/20/2022 | 7723 | 7723 | 7531 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188348223.SRDLC, 25.99%, 04/16/2027 (a)(j) | Lending Club | 04/15/2022 | 15182 | 15182 | 14521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188369317.SRDLC, 10%, 04/22/2027 (a)(j) | Lending Club | 04/26/2022 | 33152 | 33152 | 32427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188382495.SRDLC, 10.59%, 04/14/2027 (a)(j) | Lending Club | 04/18/2022 | 23050 | 23050 | 22534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188383621.SRDLC, 17.19%, 04/14/2027 (a)(j) | Lending Club | 04/18/2022 | 5977 | 5977 | 5784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188394163.SRDLC, 20.49%, 04/25/2025 (a)(j) | Lending Club | 04/18/2022 | 30763 | 30763 | 29783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188396800.SRDLC, 10.89%, 04/20/2025 (a)(j) | Lending Club | 04/22/2022 | 26978 | 26978 | 26527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188413118.SRDLC, 9.79%, 04/15/2027 (a)(j) | Lending Club | 04/19/2022 | 4602 | 4602 | 4499 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188414239.SRDLC, 5.99%, 04/15/2025 (a)(j) | Lending Club | 04/19/2022 | 3805 | 3805 | 3754 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188423939.SRDLC, 6.59%, 04/15/2027 (a)(j) | Lending Club | 04/19/2022 | 21015 | 21015 | 20632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188429512.SRDLC, 26.79%, 04/14/2025 (a)(j) | Lending Club | 04/18/2022 | 2650 | 2650 | 2549 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188443111.SRDLC, 9.99%, 04/18/2027 (a)(j) | Lending Club | 04/20/2022 | 11971 | 11971 | 11704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188449984.SRDLC, 5.49%, 04/18/2025 (a)(j) | Lending Club | 04/20/2022 | 8445 | 8445 | 8332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188450644.SRDLC, 5.99%, 04/28/2025 (a)(j) | Lending Club | 05/02/2022 | 4228 | 4228 | 4173 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188458413.SRDLC, 16.99%, 04/18/2025 (a)(j) | Lending Club | 04/20/2022 | 4332 | 4332 | 4199 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188459918.SRDLC, 12.49%, 04/21/2025 (a)(j)(k) | Lending Club | 04/25/2022 | 20185 | 20185 | 19713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188461120.SRDLC, 7.59%, 04/21/2027 (a)(j) | Lending Club | 04/21/2022 | 9166 | 9166 | 9007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188463802.SRDLC, 15.99%, 04/22/2025 (a)(j) | Lending Club | 04/19/2022 | 8678 | 8678 | 8440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188469901.SRDLC, 8.79%, 04/18/2025 (a)(j) | Lending Club | 04/20/2022 | 28084 | 28084 | 27711 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188470491.SRDLC, 7.09%, 04/25/2027 (a)(j) | Lending Club | 04/27/2022 | 6713 | 6713 | 6595 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188472377.SRDLC, 20.44%, 04/21/2025 (a)(j) | Lending Club | 04/25/2022 | 31412 | 31412 | 30297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188486804.SRDLC, 14.69%, 04/28/2025 (a)(j) | Lending Club | 05/02/2022 | 2155 | 2155 | 2105 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188487773.SRDLC, 8.99%, 04/21/2027 (a)(j) | Lending Club | 04/25/2022 | 11027 | 11027 | 10832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188494020.SRDLC, 15.19%, 04/18/2027 (a)(j) | Lending Club | 04/20/2022 | 13026 | 13026 | 12609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188498586.SRDLC, 16.99%, 04/27/2025 (a)(j) | Lending Club | 04/29/2022 | 21660 | 21660 | 21033 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**60** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 188506333.SRDLC, 7.59%, 04/18/2027 (a)(j) | Lending Club | 04/20/2022 | $16491 | $16491 | $16193 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188508384.SRDLC, 27.79%, 04/18/2025 (a)(j) | Lending Club | 04/20/2022 | 5310 | 5310 | 5112 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188511308.SRDLC, 9.99%, 04/18/2027 (a)(j) | Lending Club | 04/20/2022 | 31608 | 31608 | 30903 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188512606.SRDLC, 16.19%, 04/18/2025 (a)(j) | Lending Club | 04/20/2022 | 9428 | 9428 | 9138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188512665.SRDLC, 16.19%, 04/18/2025 (a)(j) | Lending Club | 04/20/2022 | 6055 | 6055 | 5868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188521296.SRDLC, 30.99%, 04/21/2027 (a)(j)(k) | Lending Club | 04/25/2022 | 24060 | 24060 | 23037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188524513.SRDLC, 14.09%, 04/20/2025 (a)(j) | Lending Club | 04/20/2022 | 15514 | 15514 | 15161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188524541.SRDLC, 7.59%, 04/21/2027 (a)(j) | Lending Club | 04/25/2022 | 10994 | 10994 | 10797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188525090.SRDLC, 7.49%, 04/21/2025 (a)(j) | Lending Club | 04/25/2022 | 1697 | 1697 | 1675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188528715.SRDLC, 6.59%, 04/18/2025 (a)(j) | Lending Club | 04/20/2022 | 3810 | 3810 | 3759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188533982.SRDLC, 14.19%, 04/18/2027 (a)(j) | Lending Club | 04/20/2022 | 11144 | 11144 | 10833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188533985.SRDLC, 8.79%, 04/25/2025 (a)(j) | Lending Club | 04/27/2022 | 12765 | 12765 | 12599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188546778.SRDLC, 14.19%, 04/19/2025 (a)(j) | Lending Club | 04/21/2022 | 9699 | 9699 | 9470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188548893.SRDLC, 7.59%, 05/03/2027 (a)(j) | Lending Club | 05/05/2022 | 20468 | 20468 | 20085 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188550074.SRDLC, 5.99%, 04/18/2025 (a)(j) | Lending Club | 04/20/2022 | 21984 | 21984 | 21689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188551734.SRDLC, 6.99%, 04/10/2025 (a)(j) | Lending Club | 04/27/2022 | 10140 | 10140 | 10002 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188554654.SRDLC, 13.69%, 05/02/2025 (a)(j) | Lending Club | 05/04/2022 | 4245 | 4245 | 4135 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188560211.SRDLC, 14.19%, 04/25/2027 (a)(j) | Lending Club | 04/27/2022 | 11144 | 11144 | 10844 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188560858.SRDLC, 15.19%, 04/25/2027 (a)(j) | Lending Club | 04/27/2022 | 27913 | 27913 | 27056 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188563688.SRDLC, 5.09%, 04/18/2025 (a)(j)(k) | Lending Club | 04/20/2022 | 4350 | 4350 | 4292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188566856.SRDLC, 10.99%, 04/18/2025 (a)(j) | Lending Club | 04/20/2022 | 7184 | 7184 | 7054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188574358.SRDLC, 7.99%, 04/23/2025 (a)(j) | Lending Club | 04/22/2022 | 1629 | 1629 | 1611 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188574943.SRDLC, 28.99%, 04/22/2027 (a)(j) | Lending Club | 04/26/2022 | 11426 | 11426 | 10972 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188576274.SRDLC, 6.99%, 04/19/2025 (a)(j) | Lending Club | 04/21/2022 | 3691 | 3691 | 3672 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188588178.SRDLC, 7.49%, 04/19/2025 (a)(j) | Lending Club | 04/21/2022 | 13576 | 13576 | 13395 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188593549.SRDLC, 27.99%, 04/20/2025 (a)(j) | Lending Club | 04/22/2022 | 21247 | 21247 | 20468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188596533.SRDLC, 21.79%, 04/19/2025 (a)(j) | Lending Club | 04/21/2022 | 3147 | 3147 | 3032 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188597290.SRDLC, 7.49%, 04/15/2027 (a)(j) | Lending Club | 04/21/2022 | 27453 | 27453 | 26958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188602043.SRDLC, 23.99%, 04/25/2027 (a)(j) | Lending Club | 04/25/2022 | 18005 | 18005 | 17281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188603010.SRDLC, 14.69%, 04/20/2025 (a)(j) | Lending Club | 04/22/2022 | 5173 | 5173 | 5046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188610073.SRDLC, 11.99%, 04/20/2025 (a)(j) | Lending Club | 04/22/2022 | 1286 | 1286 | 1263 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188620193.SRDLC, 9.99%, 04/20/2025 (a)(j) | Lending Club | 04/22/2022 | 5120 | 5120 | 5028 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188623035.SRDLC, 11.99%, 04/20/2025 (a)(j) | Lending Club | 04/22/2022 | 19972 | 19972 | 19613 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188633812.SRDLC, 14.99%, 04/20/2027 (a)(j)(k) | Lending Club | 04/22/2022 | 11305 | 11305 | 11005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188637325.SRDLC, 9.99%, 04/20/2025 (a)(j) | Lending Club | 04/22/2022 | 11094 | 11094 | 10894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188639510.SRDLC, 23.99%, 04/21/2027 (a)(j) | Lending Club | 04/25/2022 | 9447 | 9447 | 9043 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188643355.SRDLC, 11.99%, 04/20/2027 (a)(j)(k) | Lending Club | 04/22/2022 | 15000 | 15000 | 14681 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188643790.SRDLC, 11.99%, 04/20/2025 (a)(j) | Lending Club | 04/22/2022 | 8572 | 8572 | 8418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188651498.SRDLC, 9.99%, 04/21/2027 (a)(j) | Lending Club | 04/25/2022 | 7367 | 7367 | 7205 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188655269.SRDLC, 9.09%, 04/20/2025 (a)(j) | Lending Club | 04/22/2022 | 8516 | 8516 | 8362 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188662151.SRDLC, 10.99%, 04/20/2025 (a)(j) | Lending Club | 04/22/2022 | 10263 | 10263 | 10078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188663171.SRDLC, 10.89%, 04/21/2025 (a)(j) | Lending Club | 04/25/2022 | 11971 | 11971 | 11758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188678408.SRDLC, 7.59%, 04/25/2027 (a)(j)(k) | Lending Club | 04/27/2022 | 192 | 192 | 191 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188683792.SRDLC, 14.99%, 04/25/2027 (a)(j) | Lending Club | 04/27/2022 | 6511 | 6511 | 6336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188683963.SRDLC, 30.99%, 04/27/2027 (a)(j) | Lending Club | 04/29/2022 | 17696 | 17696 | 16986 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188687759.SRDLC, 14.99%, 04/22/2027 (a)(j) | Lending Club | 04/26/2022 | 13951 | 13951 | 13574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188691099.SRDLC, 7.59%, 04/26/2027 (a)(j) | Lending Club | 04/28/2022 | 17407 | 17407 | 17097 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188695663.SRDLC, 8.99%, 04/27/2025 (a)(j) | Lending Club | 04/29/2022 | 10217 | 10217 | 10084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188701267.SRDLC, 17.44%, 04/21/2027 (a)(j) | Lending Club | 04/25/2022 | 18686 | 18686 | 18108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188705387.SRDLC, 6.49%, 04/22/2025 (a)(j) | Lending Club | 04/26/2022 | 4233 | 4233 | 4177 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188705941.SRDLC, 14.99%, 04/21/2027 (a)(j) | Lending Club | 04/25/2022 | 18602 | 18602 | 18093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188715091.SRDLC, 23.99%, 04/22/2027 (a)(j) | Lending Club | 04/26/2022 | 37787 | 37787 | 36186 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188726937.SRDLC, 16.99%, 04/26/2025 (a)(j) | Lending Club | 04/28/2022 | 4140 | 4140 | 4022 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188732658.SRDLC, 14.99%, 04/25/2027 (a)(j) | Lending Club | 04/27/2022 | 19346 | 19346 | 18827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188734305.SRDLC, 8.49%, 04/27/2025 (a)(j) | Lending Club | 04/29/2022 | 34018 | 34018 | 33575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188737087.SRDLC, 13.49%, 04/25/2027 (a)(j) | Lending Club | 04/27/2022 | 37096 | 37096 | 36096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188739371.SRDLC, 12.34%, 04/28/2025 (a)(j) | Lending Club | 05/02/2022 | 5147 | 5147 | 5027 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**61** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 188759011.SRDLC, 11.69%, 04/25/2026 (a)(j) | Lending Club | 04/27/2022 | $22024 | $22024 | $21573 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188761265.SRDLC, 6.59%, 04/25/2025 (a)(j) | Lending Club | 04/27/2022 | 8467 | 8467 | 8356 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188767705.SRDLC, 30.99%, 04/25/2027 (a)(j)(k) | Lending Club | 04/27/2022 | 17559 | 17559 | 2783 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188769548.SRDLC, 6.59%, 04/28/2027 (a)(j)(k) | Lending Club | 05/02/2022 | 11055 | 11055 | 10862 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188777837.SRDLC, 14.99%, 04/25/2027 (a)(j) | Lending Club | 04/27/2022 | 25438 | 25438 | 24755 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188779064.SRDLC, 21.49%, 04/27/2025 (a)(j) | Lending Club | 04/29/2022 | 4356 | 4356 | 4206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188779516.SRDLC, 30.99%, 04/15/2027 (a)(j) | Lending Club | 05/02/2022 | 5650 | 5650 | 5420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188780842.SRDLC, 8.49%, 04/29/2025 (a)(j) | Lending Club | 04/27/2022 | 17026 | 17026 | 16828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188788459.SRDLC, 10.59%, 04/25/2027 (a)(j) | Lending Club | 04/27/2022 | 13369 | 13369 | 13079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188790151.SRDLC, 5.49%, 04/25/2025 (a)(j) | Lending Club | 04/27/2022 | 4223 | 4223 | 4167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188793044.SRDLC, 8.49%, 04/25/2025 (a)(j) | Lending Club | 04/27/2022 | 8504 | 8504 | 8393 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188799399.SRDLC, 6.99%, 04/25/2025 (a)(j) | Lending Club | 04/27/2022 | 33900 | 33900 | 33455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188800045.SRDLC, 5.59%, 04/26/2027 (a)(j) | Lending Club | 04/28/2022 | 36480 | 36480 | 35823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188805410.SRDLC, 6.59%, 04/26/2025 (a)(j) | Lending Club | 04/28/2022 | 10161 | 10161 | 10027 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188806949.SRDLC, 21.49%, 04/28/2025 (a)(j) | Lending Club | 05/02/2022 | 8350 | 8350 | 8072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188815893.SRDLC, 8.79%, 04/25/2025 (a)(j) | Lending Club | 04/27/2022 | 2979 | 2979 | 2940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188837059.SRDLC, 8.49%, 04/26/2025 (a)(j) | Lending Club | 04/28/2022 | 4252 | 4252 | 4197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188838520.SRDLC, 12.49%, 04/27/2025 (a)(j) | Lending Club | 04/29/2022 | 12872 | 12872 | 12568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188843204.SRDLC, 14.99%, 04/26/2027 (a)(j) | Lending Club | 04/28/2022 | 9302 | 9302 | 9071 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188846276.SRDLC, 11.89%, 05/10/2027 (a)(j) | Lending Club | 04/29/2022 | 37673 | 37673 | 36865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188851082.SRDLC, 23.49%, 04/28/2027 (a)(j) | Lending Club | 05/02/2022 | 15008 | 15008 | 14404 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188852531.SRDLC, 13.49%, 04/15/2027 (a)(j) | Lending Club | 04/29/2022 | 27680 | 27680 | 26938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188865237.SRDLC, 14.09%, 04/30/2027 (a)(j) | Lending Club | 05/02/2022 | 9292 | 9292 | 9086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188871984.SRDLC, 22.49%, 04/27/2027 (a)(j) | Lending Club | 04/29/2022 | 15079 | 15079 | 14456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188874153.SRDLC, 11.99%, 04/28/2027 (a)(j) | Lending Club | 05/02/2022 | 9247 | 9247 | 9051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188874439.SRDLC, 21.79%, 04/27/2025 (a)(j) | Lending Club | 04/29/2022 | 2608 | 2608 | 2518 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188879701.SRDLC, 23.99%, 04/27/2027 (a)(j) | Lending Club | 04/29/2022 | 23617 | 23617 | 22643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188880423.SRDLC, 21.49%, 04/30/2025 (a)(j) | Lending Club | 04/29/2022 | 4381 | 4381 | 4254 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188886850.SRDLC, 7.49%, 04/28/2025 (a)(j) | Lending Club | 05/02/2022 | 6788 | 6788 | 6700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188890261.SRDLC, 22.99%, 04/27/2025 (a)(j) | Lending Club | 04/29/2022 | 2170 | 2170 | 2096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188891894.SRDLC, 7.99%, 04/28/2025 (a)(j) | Lending Club | 05/02/2022 | 1699 | 1699 | 1677 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188892512.SRDLC, 16.99%, 04/28/2025 (a)(j) | Lending Club | 05/02/2022 | 5198 | 5198 | 5051 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188906059.SRDLC, 22.99%, 04/28/2025 (a)(j) | Lending Club | 05/02/2022 | 4385 | 4385 | 4250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 188906118.SRDLC, 7.09%, 04/28/2027 (a)(j) | Lending Club | 05/02/2022 | 19218 | 19218 | 18878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190431243.SRDLC, 30.99%, 07/05/2025 (a)(j) | Lending Club | 07/07/2022 | 4736 | 4769 | 4569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190580202.SRDLC, 20.49%, 07/05/2025 (a)(j) | Lending Club | 07/07/2022 | 5628 | 5666 | 5519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190585073.SRDLC, 16.99%, 07/07/2025 (a)(j) | Lending Club | 07/11/2022 | 23365 | 23526 | 23023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190656219.SRDLC, 21.99%, 07/15/2025 (a)(j) | Lending Club | 07/13/2022 | 6097 | 6140 | 5984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190734719.SRDLC, 29.74%, 07/05/2025 (a)(j) | Lending Club | 07/07/2022 | 9461 | 9527 | 9128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190739134.SRDLC, 6.49%, 07/20/2027 (a)(j) | Lending Club | 07/08/2022 | 33593 | 33593 | 33084 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190788536.SRDLC, 30.99%, 07/18/2026 (a)(j) | Lending Club | 07/20/2022 | 3869 | 3906 | 3753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190818629.SRDLC, 24.99%, 07/05/2025 (a)(j) | Lending Club | 07/07/2022 | 8478 | 8537 | 8239 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190843610.SRDLC, 26.49%, 07/05/2027 (a)(j) | Lending Club | 07/07/2022 | 11802 | 11888 | 11491 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190873520.SRDLC, 15.74%, 07/11/2025 (a)(j) | Lending Club | 07/13/2022 | 5600 | 5639 | 5520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190889207.SRDLC, 17.99%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 4678 | 4721 | 4617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190893071.SRDLC, 20.99%, 07/11/2025 (a)(j) | Lending Club | 07/13/2022 | 16891 | 17008 | 16593 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190910095.SRDLC, 7.59%, 07/11/2025 (a)(j) | Lending Club | 07/13/2022 | 5550 | 5550 | 5485 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190913131.SRDLC, 28.49%, 07/05/2026 (a)(j) | Lending Club | 07/07/2022 | 2702 | 2721 | 2618 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190966377.SRDLC, 26.99%, 07/16/2025 (a)(j) | Lending Club | 07/13/2022 | 3790 | 3817 | 3703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190966542.SRDLC, 16.99%, 07/05/2025 (a)(j) | Lending Club | 07/07/2022 | 2337 | 2353 | 2301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190968042.SRDLC, 28.99%, 07/15/2025 (a)(j) | Lending Club | 07/13/2022 | 5693 | 5733 | 5551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190983738.SRDLC, 18.99%, 07/15/2025 (a)(j) | Lending Club | 07/08/2022 | 4690 | 4690 | 4568 |
| &nbsp;&nbsp;&nbsp;&nbsp; 190984670.SRDLC, 30.99%, 07/28/2025 (a)(j)(k) | Lending Club | 08/01/2022 | 5504 | 5556 | 5346 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191000884.SRDLC, 30.99%, 07/05/2027 (a)(j) | Lending Club | 07/07/2022 | 14670 | 14777 | 14055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191007294.SRDLC, 30.99%, 07/06/2027 (a)(j) | Lending Club | 07/08/2022 | 19560 | 19703 | 18750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191015102.SRDLC, 30.99%, 07/05/2027 (a)(j) | Lending Club | 07/07/2022 | 19560 | 19703 | 18740 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191024293.SRDLC, 15.24%, 07/07/2025 (a)(j) | Lending Club | 07/11/2022 | 2799 | 2799 | 2728 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**62** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 191030355.SRDLC, 25.99%, 07/06/2025 (a)(j) | Lending Club | 07/08/2022 | $3414 | $3438 | $3329 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191035222.SRDLC, 17.54%, 07/20/2027 (a)(j) | Lending Club | 07/07/2022 | 7695 | 7750 | 7516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191038262.SRDLC, 28.99%, 08/04/2025 (a)(j) | Lending Club | 08/08/2022 | 19282 | 19464 | 18937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191042171.SRDLC, 10.99%, 07/07/2026 (a)(j) | Lending Club | 07/11/2022 | 35131 | 35131 | 34511 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191043882.SRDLC, 16.24%, 07/05/2025 (a)(j) | Lending Club | 07/07/2022 | 4202 | 4231 | 4138 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191058033.SRDLC, 21.99%, 07/05/2025 (a)(j) | Lending Club | 07/07/2022 | 7045 | 7094 | 6887 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191073209.SRDLC, 30.99%, 07/11/2026 (a)(j)(k) | Lending Club | 07/13/2022 | 3000 | 3023 | 698 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191076667.SRDLC, 16.49%, 07/05/2025 (a)(j) | Lending Club | 07/07/2022 | 4671 | 4703 | 4599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191080389.SRDLC, 30.99%, 07/05/2026 (a)(j) | Lending Club | 07/07/2022 | 4834 | 4869 | 4647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191086066.SRDLC, 17.99%, 07/05/2025 (a)(j) | Lending Club | 07/07/2022 | 7204 | 7253 | 7093 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191089018.SRDLC, 13.44%, 07/14/2027 (a)(j) | Lending Club | 07/18/2022 | 8486 | 8486 | 8295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191092978.SRDLC, 26.99%, 07/11/2025 (a)(j) | Lending Club | 07/13/2022 | 5663 | 5702 | 5504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191093360.SRDLC, 30.99%, 07/05/2027 (a)(j) | Lending Club | 07/07/2022 | 9096 | 9162 | 8714 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191094293.SRDLC, 30.99%, 07/15/2027 (a)(j) | Lending Club | 07/11/2022 | 4926 | 4963 | 4737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191095020.SRDLC, 23.74%, 07/07/2027 (a)(j) | Lending Club | 07/11/2022 | 20238 | 20238 | 19446 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191100451.SRDLC, 7.09%, 07/15/2025 (a)(j) | Lending Club | 07/08/2022 | 10631 | 10631 | 10503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191101249.SRDLC, 15.74%, 07/15/2027 (a)(j) | Lending Club | 07/19/2022 | 27058 | 27058 | 26368 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191104158.SRDLC, 14.94%, 08/03/2027 (a)(j) | Lending Club | 08/04/2022 | 39107 | 39107 | 38762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191105569.SRDLC, 30.99%, 07/26/2027 (a)(j) | Lending Club | 07/26/2022 | 11780 | 11895 | 11419 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191112629.SRDLC, 26.99%, 08/04/2025 (a)(j) | Lending Club | 08/08/2022 | 3852 | 3888 | 3784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191113722.SRDLC, 24.99%, 07/22/2027 (a)(j) | Lending Club | 07/26/2022 | 9739 | 9833 | 9523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191122073.SRDLC, 30.99%, 07/14/2027 (a)(j) | Lending Club | 07/07/2022 | 12812 | 12905 | 12293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191125187.SRDLC, 17.49%, 07/05/2025 (a)(j) | Lending Club | 07/07/2022 | 10286 | 10357 | 10128 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191128959.SRDLC, 30.99%, 07/12/2027 (a)(j) | Lending Club | 07/12/2022 | 7853 | 7910 | 7555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191148128.SRDLC, 16.49%, 07/07/2025 (a)(j) | Lending Club | 07/11/2022 | 8149 | 8149 | 7940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191151335.SRDLC, 22.99%, 07/05/2027 (a)(j) | Lending Club | 07/07/2022 | 8141 | 8201 | 7924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191154880.SRDLC, 7.74%, 08/02/2025 (a)(j) | Lending Club | 08/04/2022 | 9503 | 9503 | 9460 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191159042.SRDLC, 30.99%, 07/06/2027 (a)(j) | Lending Club | 07/08/2022 | 23473 | 23643 | 22500 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191159852.SRDLC, 30.49%, 07/20/2027 (a)(j) | Lending Club | 07/08/2022 | 9900 | 9975 | 9591 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191159999.SRDLC, 28.99%, 07/26/2025 (a)(j) | Lending Club | 07/28/2022 | 5295 | 5344 | 5182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191161484.SRDLC, 30.99%, 07/19/2025 (a)(j) | Lending Club | 07/21/2022 | 4736 | 4780 | 4605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191176580.SRDLC, 18.24%, 07/08/2025 (a)(j) | Lending Club | 07/12/2022 | 4679 | 4711 | 4612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191177276.SRDLC, 30.99%, 07/18/2027 (a)(j) | Lending Club | 07/20/2022 | 19560 | 19751 | 18875 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191178176.SRDLC, 30.99%, 07/11/2027 (a)(j) | Lending Club | 07/13/2022 | 4890 | 4926 | 4700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191181283.SRDLC, 23.49%, 07/07/2027 (a)(j) | Lending Club | 07/11/2022 | 14592 | 14697 | 14225 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191181523.SRDLC, 30.99%, 07/16/2027 (a)(j) | Lending Club | 07/13/2022 | 19651 | 19795 | 18916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191193127.SRDLC, 30.49%, 07/13/2027 (a)(j) | Lending Club | 07/15/2022 | 9973 | 10045 | 9596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191197966.SRDLC, 30.99%, 07/28/2027 (a)(j) | Lending Club | 07/19/2022 | 17740 | 17912 | 17258 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191198358.SRDLC, 30.99%, 07/12/2027 (a)(j) | Lending Club | 07/14/2022 | 7042 | 7093 | 6772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191203714.SRDLC, 23.99%, 07/15/2025 (a)(j)(k) | Lending Club | 07/19/2022 | 9653 | 9653 | 3861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191212299.SRDLC, 17.74%, 07/07/2025 (a)(j) | Lending Club | 07/11/2022 | 1266 | 1274 | 1249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191218430.SRDLC, 30.99%, 07/15/2025 (a)(j) | Lending Club | 07/19/2022 | 5683 | 5736 | 5520 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191219951.SRDLC, 23.99%, 07/08/2025 (a)(j) | Lending Club | 07/12/2022 | 5647 | 5647 | 5462 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191226544.SRDLC, 30.99%, 07/27/2025 (a)(j) | Lending Club | 07/29/2022 | 11366 | 11473 | 11102 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191229228.SRDLC, 26.99%, 08/29/2027 (a)(j) | Lending Club | 07/12/2022 | 23988 | 24162 | 23634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191241687.SRDLC, 24.99%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 9415 | 9503 | 9196 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191244064.SRDLC, 19.99%, 07/13/2027 (a)(j) | Lending Club | 07/13/2022 | 11654 | 11738 | 11416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191246684.SRDLC, 15.99%, 07/11/2025 (a)(j) | Lending Club | 07/13/2022 | 3081 | 3081 | 3004 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191251728.SRDLC, 30.99%, 07/08/2027 (a)(j) | Lending Club | 07/12/2022 | 8215 | 8275 | 7892 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191252175.SRDLC, 30.99%, 07/11/2027 (a)(j) | Lending Club | 07/13/2022 | 4787 | 4821 | 4596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191263540.SRDLC, 24.99%, 07/28/2025 (a)(j) | Lending Club | 07/20/2022 | 14220 | 14354 | 13929 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191268771.SRDLC, 26.74%, 07/08/2025 (a)(j) | Lending Club | 07/12/2022 | 1887 | 1900 | 1833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191270654.SRDLC, 25.99%, 07/11/2027 (a)(j) | Lending Club | 07/13/2022 | 23391 | 23391 | 22495 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191274191.SRDLC, 26.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 9629 | 9721 | 9469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191275722.SRDLC, 27.99%, 07/18/2025 (a)(j) | Lending Club | 07/13/2022 | 1425 | 1436 | 1390 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191276546.SRDLC, 19.49%, 07/11/2025 (a)(j) | Lending Club | 07/13/2022 | 2155 | 2170 | 2117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191285159.SRDLC, 23.99%, 07/11/2027 (a)(j) | Lending Club | 07/13/2022 | 5839 | 5839 | 5615 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**63** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 191289694.SRDLC, 30.49%, 07/22/2027 (a)(j) | Lending Club | 07/26/2022 | $11439 | $11550 | $11074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191291119.SRDLC, 30.99%, 07/11/2027 (a)(j) | Lending Club | 07/13/2022 | 5939 | 5982 | 5766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191293818.SRDLC, 30.99%, 07/15/2027 (a)(j) | Lending Club | 07/19/2022 | 17604 | 17775 | 16978 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191295680.SRDLC, 17.99%, 07/01/2025 (a)(j)(k) | Lending Club | 07/25/2022 | 14434 | 14568 | 14333 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191295842.SRDLC, 27.99%, 07/25/2025 (a)(j) | Lending Club | 07/21/2022 | 2385 | 2406 | 2321 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191296311.SRDLC, 16.99%, 07/11/2025 (a)(j) | Lending Club | 07/13/2022 | 2337 | 2353 | 2303 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191302516.SRDLC, 10.04%, 07/11/2025 (a)(j) | Lending Club | 07/13/2022 | 8442 | 8442 | 8311 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191302532.SRDLC, 23.49%, 07/11/2027 (a)(j) | Lending Club | 07/13/2022 | 5837 | 5879 | 5694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191308241.SRDLC, 24.49%, 07/11/2027 (a)(j) | Lending Club | 07/13/2022 | 9734 | 9804 | 9467 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191310544.SRDLC, 30.99%, 07/13/2027 (a)(j) | Lending Club | 07/15/2022 | 7824 | 7881 | 7529 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191313508.SRDLC, 19.49%, 07/15/2027 (a)(j) | Lending Club | 07/13/2022 | 4529 | 4562 | 4425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191316742.SRDLC, 30.99%, 07/12/2025 (a)(j) | Lending Club | 07/14/2022 | 6156 | 6200 | 5963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191317877.SRDLC, 5.09%, 07/16/2025 (a)(j) | Lending Club | 07/13/2022 | 28615 | 28615 | 28308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191320889.SRDLC, 22.49%, 07/26/2025 (a)(j) | Lending Club | 07/13/2022 | 5697 | 5737 | 5594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191321447.SRDLC, 30.49%, 07/13/2025 (a)(j) | Lending Club | 07/15/2022 | 6272 | 6316 | 6079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191337039.SRDLC, 14.54%, 07/11/2025 (a)(j) | Lending Club | 07/13/2022 | 3719 | 3745 | 3666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191340523.SRDLC, 15.69%, 07/11/2027 (a)(j) | Lending Club | 07/13/2022 | 25125 | 25125 | 24456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191346196.SRDLC, 27.74%, 07/20/2027 (a)(j) | Lending Club | 07/22/2022 | 11710 | 11824 | 11424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191353759.SRDLC, 30.99%, 07/15/2025 (a)(j)(k) | Lending Club | 07/19/2022 | 4054 | 4092 | 3949 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191357645.SRDLC, 22.49%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 23494 | 23713 | 23068 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191368314.SRDLC, 28.99%, 07/12/2024 (a)(j) | Lending Club | 07/14/2022 | 5424 | 5460 | 5320 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191371545.SRDLC, 17.24%, 07/11/2025 (a)(j) | Lending Club | 07/13/2022 | 4674 | 4707 | 4608 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191372751.SRDLC, 22.49%, 07/11/2027 (a)(j) | Lending Club | 07/13/2022 | 8554 | 8616 | 8344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191376381.SRDLC, 27.49%, 07/12/2026 (a)(j) | Lending Club | 07/14/2022 | 4050 | 4079 | 3937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191390818.SRDLC, 17.19%, 07/04/2027 (a)(j) | Lending Club | 07/15/2022 | 38529 | 38529 | 37519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191394525.SRDLC, 28.99%, 07/20/2024 (a)(j)(k) | Lending Club | 07/15/2022 | 14616 | 14726 | 3345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191397971.SRDLC, 30.49%, 07/25/2025 (a)(j)(k) | Lending Club | 07/14/2022 | 24948 | 25135 | 5983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191402564.SRDLC, 17.99%, 07/13/2024 (a)(j) | Lending Club | 07/15/2022 | 4647 | 4677 | 4602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191417288.SRDLC, 26.24%, 07/19/2027 (a)(j) | Lending Club | 07/15/2022 | 7051 | 7103 | 6886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191421709.SRDLC, 29.49%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 8915 | 8915 | 8647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191429544.SRDLC, 30.99%, 07/14/2025 (a)(j) | Lending Club | 07/18/2022 | 9471 | 9538 | 9194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191434671.SRDLC, 13.44%, 07/14/2027 (a)(j) | Lending Club | 07/18/2022 | 22660 | 22660 | 22150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191441017.SRDLC, 9.79%, 07/19/2025 (a)(j) | Lending Club | 07/21/2022 | 13911 | 13911 | 13705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191446786.SRDLC, 22.49%, 07/26/2027 (a)(j) | Lending Club | 07/28/2022 | 4866 | 4913 | 4784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191452895.SRDLC, 17.99%, 07/14/2025 (a)(j) | Lending Club | 07/18/2022 | 4584 | 4616 | 4523 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191453578.SRDLC, 19.49%, 07/22/2025 (a)(j) | Lending Club | 07/26/2022 | 2342 | 2364 | 2309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191456870.SRDLC, 22.49%, 07/14/2025 (a)(j) | Lending Club | 07/18/2022 | 2818 | 2838 | 2765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191461644.SRDLC, 24.49%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 3437 | 3469 | 3357 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191461742.SRDLC, 30.99%, 07/20/2025 (a)(j) | Lending Club | 07/22/2022 | 9471 | 9560 | 9215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191462872.SRDLC, 22.49%, 07/28/2027 (a)(j) | Lending Club | 08/01/2022 | 4860 | 4907 | 4775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191462983.SRDLC, 28.99%, 07/21/2027 (a)(j) | Lending Club | 07/25/2022 | 6837 | 6903 | 6680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191469608.SRDLC, 20.99%, 07/16/2025 (a)(j) | Lending Club | 07/18/2022 | 9395 | 9461 | 9266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191470488.SRDLC, 28.99%, 07/14/2027 (a)(j) | Lending Club | 07/18/2022 | 8790 | 8854 | 8560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191491322.SRDLC, 24.99%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 4357 | 4397 | 4256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191492595.SRDLC, 24.49%, 07/25/2025 (a)(j) | Lending Club | 07/27/2022 | 3390 | 3390 | 3296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191496694.SRDLC, 30.99%, 07/27/2025 (a)(j) | Lending Club | 07/29/2022 | 2273 | 2295 | 2220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191497870.SRDLC, 30.99%, 07/22/2027 (a)(j) | Lending Club | 07/20/2022 | 14725 | 14869 | 14227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191505363.SRDLC, 17.99%, 07/15/2025 (a)(j) | Lending Club | 07/19/2022 | 10320 | 10415 | 10184 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191510625.SRDLC, 23.99%, 07/25/2027 (a)(j) | Lending Club | 07/27/2022 | 30387 | 30387 | 29369 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191513596.SRDLC, 9.79%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 11129 | 11129 | 10963 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191521233.SRDLC, 18.99%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 5525 | 5576 | 5454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191527006.SRDLC, 30.99%, 07/18/2027 (a)(j) | Lending Club | 07/20/2022 | 4890 | 4938 | 4719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191533230.SRDLC, 28.99%, 07/20/2024 (a)(j) | Lending Club | 07/20/2022 | 2264 | 2284 | 2227 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191535746.SRDLC, 12.69%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 5109 | 5109 | 5009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191538132.SRDLC, 13.69%, 08/05/2025 (a)(j) | Lending Club | 08/09/2022 | 15272 | 15272 | 15088 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191541223.SRDLC, 30.99%, 07/18/2027 (a)(j) | Lending Club | 07/20/2022 | 12910 | 12910 | 12449 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191543393.SRDLC, 19.74%, 08/05/2025 (a)(j) | Lending Club | 08/09/2022 | 33547 | 33547 | 32861 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**64** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 191544930.SRDLC, 23.99%, 07/28/2027 (a)(j) | Lending Club | 08/01/2022 | $17517 | $17687 | $17215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191553131.SRDLC, 28.49%, 07/18/2027 (a)(j) | Lending Club | 07/20/2022 | 5859 | 5916 | 5709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191555472.SRDLC, 29.24%, 07/18/2027 (a)(j) | Lending Club | 07/20/2022 | 9378 | 9469 | 9048 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191559588.SRDLC, 30.99%, 07/18/2027 (a)(j) | Lending Club | 07/20/2022 | 5868 | 5925 | 5662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191559906.SRDLC, 30.99%, 07/19/2027 (a)(j) | Lending Club | 07/21/2022 | 10660 | 10764 | 10292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191563994.SRDLC, 19.24%, 07/18/2027 (a)(j) | Lending Club | 07/20/2022 | 8671 | 8755 | 8486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191564712.SRDLC, 17.24%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 1617 | 1632 | 1596 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191566159.SRDLC, 15.74%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 6533 | 6593 | 6448 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191572560.SRDLC, 30.99%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 2841 | 2868 | 2762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191578273.SRDLC, 30.99%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 3315 | 3346 | 3222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191583845.SRDLC, 19.99%, 07/18/2025 (a)(j) | Lending Club | 07/20/2022 | 1406 | 1419 | 1384 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191588942.SRDLC, 27.49%, 07/19/2026 (a)(j) | Lending Club | 07/21/2022 | 3375 | 3407 | 3291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191601897.SRDLC, 30.99%, 08/02/2027 (a)(j) | Lending Club | 08/04/2022 | 14786 | 14932 | 14469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191603240.SRDLC, 14.94%, 07/18/2027 (a)(j) | Lending Club | 07/20/2022 | 15450 | 15450 | 15109 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191609370.SRDLC, 26.49%, 08/15/2025 (a)(j) | Lending Club | 08/08/2022 | 11651 | 11762 | 11522 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191616350.SRDLC, 30.99%, 07/19/2027 (a)(j) | Lending Club | 07/21/2022 | 5868 | 5925 | 5665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191616574.SRDLC, 17.99%, 07/19/2025 (a)(j) | Lending Club | 07/21/2022 | 7005 | 7072 | 6919 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191622860.SRDLC, 15.49%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 6261 | 6261 | 6194 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191622892.SRDLC, 21.49%, 07/25/2025 (a)(j) | Lending Club | 07/27/2022 | 939 | 948 | 926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191627894.SRDLC, 19.99%, 07/20/2025 (a)(j) | Lending Club | 07/22/2022 | 8987 | 8987 | 8748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191628206.SRDLC, 28.99%, 08/16/2027 (a)(j) | Lending Club | 08/18/2022 | 18709 | 18709 | 18256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191628288.SRDLC, 30.99%, 07/20/2026 (a)(j) | Lending Club | 07/22/2022 | 3868 | 3905 | 3749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191632334.SRDLC, 28.99%, 07/21/2025 (a)(j) | Lending Club | 07/25/2022 | 2836 | 2863 | 2772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191633149.SRDLC, 11.74%, 08/03/2025 (a)(j)(k) | Lending Club | 07/21/2022 | 9532 | 9532 | 9392 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191640871.SRDLC, 30.99%, 07/31/2027 (a)(j) | Lending Club | 07/27/2022 | 9440 | 9530 | 9118 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191652750.SRDLC, 30.99%, 07/20/2025 (a)(j) | Lending Club | 07/22/2022 | 2368 | 2390 | 2304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191657624.SRDLC, 30.99%, 07/20/2025 (a)(j) | Lending Club | 07/22/2022 | 9471 | 9560 | 9215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191666463.SRDLC, 23.99%, 08/16/2027 (a)(j) | Lending Club | 08/09/2022 | 5939 | 5939 | 5828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191666661.SRDLC, 28.99%, 08/04/2025 (a)(j) | Lending Club | 08/08/2022 | 1928 | 1928 | 1882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191667074.SRDLC, 30.49%, 07/20/2027 (a)(j) | Lending Club | 07/22/2022 | 9386 | 9477 | 9067 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191667374.SRDLC, 30.99%, 07/22/2025 (a)(j) | Lending Club | 07/26/2022 | 7104 | 7170 | 6927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191667711.SRDLC, 17.99%, 07/25/2025 (a)(j) | Lending Club | 07/27/2022 | 4678 | 4721 | 4624 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191667746.SRDLC, 25.74%, 07/21/2025 (a)(j) | Lending Club | 07/25/2022 | 8013 | 8013 | 7785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191667844.SRDLC, 26.24%, 07/20/2025 (a)(j) | Lending Club | 07/22/2022 | 3395 | 3427 | 3319 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191674418.SRDLC, 19.74%, 08/05/2025 (a)(j) | Lending Club | 08/09/2022 | 28755 | 28755 | 28167 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191676294.SRDLC, 21.49%, 07/21/2026 (a)(j) | Lending Club | 07/25/2022 | 6876 | 6942 | 6756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191678013.SRDLC, 24.99%, 07/21/2027 (a)(j) | Lending Club | 07/25/2022 | 11687 | 11800 | 11423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191680560.SRDLC, 23.49%, 07/28/2027 (a)(j) | Lending Club | 07/27/2022 | 10722 | 10827 | 10552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191686037.SRDLC, 17.74%, 07/25/2025 (a)(j) | Lending Club | 07/27/2022 | 296 | 296 | 296 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191694452.SRDLC, 30.99%, 07/25/2027 (a)(j) | Lending Club | 07/27/2022 | 6357 | 6357 | 6146 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191695847.SRDLC, 13.09%, 07/21/2025 (a)(j) | Lending Club | 07/25/2022 | 5585 | 5585 | 5479 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191699828.SRDLC, 24.49%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 10095 | 10095 | 9910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191702410.SRDLC, 20.49%, 07/22/2025 (a)(j) | Lending Club | 07/26/2022 | 2250 | 2271 | 2217 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191704224.SRDLC, 18.49%, 07/25/2024 (a)(j) | Lending Club | 07/27/2022 | 7511 | 7577 | 7456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191705478.SRDLC, 30.99%, 07/25/2027 (a)(j) | Lending Club | 07/27/2022 | 14670 | 14813 | 14211 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191705506.SRDLC, 17.99%, 07/22/2025 (a)(j) | Lending Club | 07/26/2022 | 2807 | 2833 | 2774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191706302.SRDLC, 30.99%, 07/25/2027 (a)(j) | Lending Club | 07/27/2022 | 14670 | 14813 | 14210 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191714741.SRDLC, 19.74%, 07/21/2025 (a)(j) | Lending Club | 07/25/2022 | 6748 | 6748 | 6567 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191716011.SRDLC, 30.99%, 07/25/2027 (a)(j) | Lending Club | 07/27/2022 | 9780 | 9876 | 9474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191719298.SRDLC, 19.49%, 07/25/2025 (a)(j) | Lending Club | 07/27/2022 | 2108 | 2128 | 2078 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191724345.SRDLC, 13.69%, 07/21/2027 (a)(j) | Lending Club | 07/25/2022 | 9645 | 9645 | 9438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191725647.SRDLC, 8.09%, 08/09/2025 (a)(j) | Lending Club | 08/11/2022 | 15209 | 15209 | 15145 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191728001.SRDLC, 18.99%, 08/09/2025 (a)(j) | Lending Club | 07/27/2022 | 6759 | 6822 | 6676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191729184.SRDLC, 25.99%, 08/20/2025 (a)(j) | Lending Club | 08/09/2022 | 3894 | 3931 | 3853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191733593.SRDLC, 28.99%, 07/25/2025 (a)(j)(k) | Lending Club | 07/27/2022 | 1157 | 1157 | 1125 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191736763.SRDLC, 19.99%, 07/25/2025 (a)(j) | Lending Club | 07/27/2022 | 4106 | 4145 | 4046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191739118.SRDLC, 30.99%, 07/25/2027 (a)(j) | Lending Club | 07/27/2022 | 19560 | 19751 | 18947 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**65** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 191740994.SRDLC, 15.99%, 07/25/2025 (a)(j) | Lending Club | 07/27/2022 | $7282 | $7282 | $7121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191742357.SRDLC, 16.49%, 07/25/2025 (a)(j) | Lending Club | 07/27/2022 | 7468 | 7468 | 7302 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191744435.SRDLC, 25.74%, 07/29/2027 (a)(j) | Lending Club | 08/02/2022 | 5351 | 5403 | 5249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191748085.SRDLC, 18.99%, 07/27/2024 (a)(j) | Lending Club | 07/29/2022 | 2237 | 2256 | 2221 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191750200.SRDLC, 20.99%, 08/24/2025 (a)(j)(k) | Lending Club | 08/11/2022 | 4920 | 4969 | 1912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191756145.SRDLC, 28.99%, 07/16/2025 (a)(j) | Lending Club | 07/27/2022 | 1407 | 1407 | 1367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191763720.SRDLC, 30.99%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 14488 | 14633 | 14187 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191766386.SRDLC, 19.99%, 07/25/2025 (a)(j) | Lending Club | 07/27/2022 | 6562 | 6623 | 6470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191767974.SRDLC, 30.99%, 07/26/2027 (a)(j) | Lending Club | 07/28/2022 | 6449 | 6512 | 6250 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191768960.SRDLC, 10.04%, 07/22/2025 (a)(j) | Lending Club | 07/26/2022 | 14378 | 14378 | 14171 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191769272.SRDLC, 9.79%, 07/22/2025 (a)(j) | Lending Club | 07/26/2022 | 6492 | 6492 | 6398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191772278.SRDLC, 15.99%, 07/25/2025 (a)(j) | Lending Club | 07/27/2022 | 7002 | 7067 | 6920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191779417.SRDLC, 21.49%, 07/26/2027 (a)(j) | Lending Club | 07/28/2022 | 7576 | 7649 | 7433 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191784176.SRDLC, 24.99%, 07/25/2025 (a)(j)(k) | Lending Club | 07/27/2022 | 19235 | 19415 | 18854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191786026.SRDLC, 16.79%, 08/04/2027 (a)(j) | Lending Club | 08/08/2022 | 39134 | 39134 | 38545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191786546.SRDLC, 30.99%, 07/25/2027 (a)(j) | Lending Club | 07/27/2022 | 5868 | 5925 | 5684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191790363.SRDLC, 25.99%, 07/26/2025 (a)(j) | Lending Club | 07/28/2022 | 4526 | 4568 | 4435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191790657.SRDLC, 30.99%, 07/26/2025 (a)(j)(k) | Lending Club | 07/28/2022 | 14478 | 14615 | 14150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191793460.SRDLC, 24.99%, 07/25/2025 (a)(j) | Lending Club | 07/27/2022 | 1884 | 1902 | 1845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191794348.SRDLC, 30.99%, 08/05/2025 (a)(j) | Lending Club | 08/09/2022 | 4633 | 4677 | 4530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191797544.SRDLC, 26.99%, 07/26/2025 (a)(j) | Lending Club | 07/28/2022 | 4719 | 4763 | 4619 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191803441.SRDLC, 30.99%, 07/27/2027 (a)(j)(k) | Lending Club | 07/29/2022 | 5913 | 5971 | 5734 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191805466.SRDLC, 30.99%, 08/05/2027 (a)(j) | Lending Club | 08/09/2022 | 9659 | 9659 | 9470 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191806535.SRDLC, 17.69%, 08/04/2025 (a)(j) | Lending Club | 08/08/2022 | 11486 | 11486 | 11299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191808811.SRDLC, 23.99%, 07/30/2027 (a)(j) | Lending Club | 07/28/2022 | 9759 | 9759 | 9553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191810287.SRDLC, 23.99%, 08/04/2025 (a)(j) | Lending Club | 08/08/2022 | 9227 | 9227 | 9009 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191811199.SRDLC, 30.99%, 08/16/2027 (a)(j) | Lending Club | 08/18/2022 | 14783 | 14928 | 14456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191813026.SRDLC, 20.99%, 07/01/2027 (a)(j)(k) | Lending Club | 07/29/2022 | 5407 | 5459 | 5299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191814695.SRDLC, 29.49%, 08/03/2026 (a)(j) | Lending Club | 08/05/2022 | 9775 | 9869 | 9517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191816048.SRDLC, 26.49%, 08/09/2027 (a)(j) | Lending Club | 07/27/2022 | 4970 | 4970 | 4857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191819541.SRDLC, 27.49%, 08/03/2027 (a)(j) | Lending Club | 08/05/2022 | 7872 | 7949 | 7719 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191822419.SRDLC, 30.99%, 07/27/2025 (a)(j) | Lending Club | 07/29/2022 | 3315 | 3346 | 3238 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191826397.SRDLC, 27.99%, 08/05/2025 (a)(j) | Lending Club | 08/09/2022 | 14453 | 14588 | 14268 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191831931.SRDLC, 22.49%, 08/05/2027 (a)(j) | Lending Club | 07/29/2022 | 5920 | 5977 | 5774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191836440.SRDLC, 16.49%, 08/11/2025 (a)(j) | Lending Club | 08/10/2022 | 8045 | 8045 | 7959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191837234.SRDLC, 29.99%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 4823 | 4869 | 4763 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191837686.SRDLC, 27.99%, 08/01/2025 (a)(j) | Lending Club | 08/03/2022 | 4818 | 4863 | 4721 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191843340.SRDLC, 16.44%, 08/04/2024 (a)(j)(k) | Lending Club | 08/08/2022 | 1500 | 1500 | 308 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191845973.SRDLC, 19.99%, 07/16/2025 (a)(j) | Lending Club | 07/29/2022 | 8196 | 8273 | 8061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191847136.SRDLC, 16.49%, 07/25/2025 (a)(j) | Lending Club | 07/27/2022 | 10182 | 10182 | 9956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191849583.SRDLC, 13.19%, 08/01/2027 (a)(j) | Lending Club | 07/27/2022 | 16632 | 16632 | 16301 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191852821.SRDLC, 9.79%, 08/09/2025 (a)(j) | Lending Club | 08/11/2022 | 5711 | 5711 | 5669 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191857399.SRDLC, 19.99%, 08/23/2025 (a)(j) | Lending Club | 08/25/2022 | 4793 | 4839 | 4784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191860902.SRDLC, 30.99%, 07/28/2025 (a)(j) | Lending Club | 08/01/2022 | 9383 | 9477 | 9179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191871219.SRDLC, 30.99%, 08/10/2027 (a)(j) | Lending Club | 08/03/2022 | 7749 | 7827 | 7687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191881989.SRDLC, 25.49%, 07/28/2025 (a)(j) | Lending Club | 08/01/2022 | 8438 | 8517 | 8281 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191887592.SRDLC, 27.49%, 07/10/2027 (a)(j)(k) | Lending Club | 08/01/2022 | 12792 | 12916 | 12436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191888552.SRDLC, 30.99%, 08/05/2027 (a)(j) | Lending Club | 08/09/2022 | 8878 | 8965 | 8713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191893067.SRDLC, 23.99%, 09/01/2025 (a)(j) | Lending Club | 08/23/2022 | 4944 | 4944 | 4873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191895522.SRDLC, 23.99%, 08/11/2027 (a)(j) | Lending Club | 08/15/2022 | 34380 | 34380 | 33527 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191897480.SRDLC, 30.99%, 07/29/2025 (a)(j) | Lending Club | 08/02/2022 | 11366 | 11473 | 11163 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191899630.SRDLC, 19.49%, 08/16/2025 (a)(j) | Lending Club | 08/16/2022 | 14408 | 14545 | 14396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191899754.SRDLC, 17.99%, 08/10/2025 (a)(j) | Lending Club | 08/08/2022 | 7683 | 7756 | 7682 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191902199.SRDLC, 22.99%, 08/13/2027 (a)(j) | Lending Club | 08/10/2022 | 24626 | 24626 | 24175 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191903636.SRDLC, 12.24%, 08/10/2025 (a)(j) | Lending Club | 07/29/2022 | 23111 | 23111 | 22735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191907225.SRDLC, 14.54%, 08/05/2025 (a)(j) | Lending Club | 08/09/2022 | 19102 | 19281 | 19046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191918035.SRDLC, 18.24%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 7660 | 7660 | 7550 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**66** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 191920862.SRDLC, 30.99%, 08/01/2027 (a)(j) | Lending Club | 08/03/2022 | $19437 | $19630 | $18831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191920969.SRDLC, 30.49%, 07/29/2027 (a)(j) | Lending Club | 08/02/2022 | 6991 | 7055 | 6864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191921722.SRDLC, 30.99%, 07/29/2025 (a)(j) | Lending Club | 08/02/2022 | 1894 | 1912 | 1861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191921836.SRDLC, 28.99%, 08/11/2027 (a)(j) | Lending Club | 08/15/2022 | 14262 | 14388 | 14024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191926237.SRDLC, 20.24%, 08/09/2025 (a)(j) | Lending Club | 08/11/2022 | 959 | 959 | 940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191935262.SRDLC, 23.99%, 08/03/2027 (a)(j) | Lending Club | 08/05/2022 | 9823 | 9823 | 9545 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191959068.SRDLC, 26.74%, 08/15/2025 (a)(j) | Lending Club | 08/03/2022 | 12654 | 12775 | 12472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191960059.SRDLC, 26.49%, 08/15/2024 (a)(j) | Lending Club | 08/03/2022 | 2686 | 2709 | 2646 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191965103.SRDLC, 15.99%, 08/01/2025 (a)(j) | Lending Club | 08/03/2022 | 5736 | 5790 | 5712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191968990.SRDLC, 17.74%, 08/01/2025 (a)(j) | Lending Club | 08/03/2022 | 3446 | 3478 | 3431 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191969775.SRDLC, 29.49%, 08/03/2027 (a)(j)(k) | Lending Club | 08/05/2022 | 17866 | 17866 | 7178 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191972578.SRDLC, 30.99%, 08/02/2027 (a)(j) | Lending Club | 08/04/2022 | 7096 | 7165 | 6884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191974346.SRDLC, 26.24%, 08/01/2025 (a)(j) | Lending Club | 08/03/2022 | 3850 | 3886 | 3782 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191974355.SRDLC, 30.99%, 08/01/2027 (a)(j) | Lending Club | 08/03/2022 | 5913 | 5971 | 5733 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191978351.SRDLC, 23.99%, 08/08/2027 (a)(j) | Lending Club | 08/10/2022 | 9283 | 9283 | 9036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191979431.SRDLC, 19.99%, 08/15/2025 (a)(j) | Lending Club | 08/04/2022 | 9657 | 9748 | 9652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191981138.SRDLC, 30.99%, 08/01/2027 (a)(j) | Lending Club | 08/03/2022 | 14783 | 14927 | 14334 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191990878.SRDLC, 16.99%, 08/15/2027 (a)(j) | Lending Club | 08/17/2022 | 26419 | 26419 | 26070 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191991602.SRDLC, 30.99%, 08/04/2025 (a)(j) | Lending Club | 08/04/2022 | 4054 | 4092 | 3957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191993696.SRDLC, 27.99%, 08/08/2027 (a)(j) | Lending Club | 08/10/2022 | 23621 | 23621 | 22985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191995315.SRDLC, 23.99%, 08/17/2027 (a)(j) | Lending Club | 08/15/2022 | 9862 | 9862 | 9717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 191997758.SRDLC, 26.49%, 08/02/2027 (a)(j) | Lending Club | 08/04/2022 | 24588 | 24827 | 24214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192003946.SRDLC, 24.99%, 08/03/2025 (a)(j)(k) | Lending Club | 08/05/2022 | 17305 | 17468 | 17016 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192010930.SRDLC, 30.99%, 08/08/2026 (a)(j) | Lending Club | 08/10/2022 | 1467 | 1482 | 1432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192020118.SRDLC, 30.99%, 08/23/2027 (a)(j) | Lending Club | 08/25/2022 | 17740 | 17914 | 17415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192023144.SRDLC, 23.99%, 08/15/2027 (a)(j) | Lending Club | 08/11/2022 | 9430 | 9430 | 9183 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192024041.SRDLC, 24.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 6925 | 6986 | 6916 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192027703.SRDLC, 14.19%, 08/02/2027 (a)(j) | Lending Club | 08/04/2022 | 6251 | 6251 | 6176 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192030771.SRDLC, 27.49%, 08/03/2027 (a)(j) | Lending Club | 08/05/2022 | 5904 | 5961 | 5789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192039955.SRDLC, 26.49%, 08/19/2025 (a)(j) | Lending Club | 08/08/2022 | 7012 | 7012 | 6895 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192040896.SRDLC, 28.99%, 08/09/2025 (a)(j) | Lending Club | 08/11/2022 | 11569 | 11679 | 11379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192046955.SRDLC, 24.49%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 9614 | 9614 | 9438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192047796.SRDLC, 30.99%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 23653 | 23653 | 23117 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192048455.SRDLC, 13.24%, 08/05/2025 (a)(j) | Lending Club | 08/09/2022 | 1384 | 1384 | 1367 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192054809.SRDLC, 13.19%, 08/12/2027 (a)(j) | Lending Club | 08/05/2022 | 13248 | 13248 | 13136 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192055314.SRDLC, 15.99%, 08/05/2025 (a)(j) | Lending Club | 08/09/2022 | 6511 | 6511 | 6412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192063068.SRDLC, 27.99%, 08/07/2025 (a)(j) | Lending Club | 08/08/2022 | 2318 | 2340 | 2291 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192063849.SRDLC, 23.49%, 08/23/2027 (a)(j) | Lending Club | 08/23/2022 | 19584 | 19584 | 19156 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192065862.SRDLC, 16.49%, 08/10/2027 (a)(j) | Lending Club | 08/12/2022 | 3913 | 3913 | 3857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192067979.SRDLC, 10.74%, 08/03/2025 (a)(j) | Lending Club | 08/05/2022 | 1714 | 1714 | 1701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192069607.SRDLC, 14.54%, 08/05/2025 (a)(j) | Lending Club | 08/22/2022 | 7313 | 7382 | 7310 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192073469.SRDLC, 30.99%, 08/27/2027 (a)(j) | Lending Club | 08/23/2022 | 19852 | 20048 | 19641 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192075255.SRDLC, 23.99%, 08/03/2027 (a)(j) | Lending Club | 08/05/2022 | 10216 | 10216 | 9927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192078630.SRDLC, 26.49%, 08/10/2026 (a)(j) | Lending Club | 08/12/2022 | 4879 | 4926 | 4812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192079366.SRDLC, 28.74%, 08/23/2027 (a)(j) | Lending Club | 08/10/2022 | 11908 | 12025 | 11883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192079662.SRDLC, 29.49%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 8294 | 8294 | 8100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192081629.SRDLC, 14.19%, 08/10/2025 (a)(j) | Lending Club | 08/08/2022 | 12253 | 12253 | 12150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192088574.SRDLC, 14.19%, 08/15/2027 (a)(j) | Lending Club | 08/08/2022 | 23548 | 23548 | 23358 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192091160.SRDLC, 30.99%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 5791 | 5847 | 5712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192095084.SRDLC, 23.99%, 08/04/2027 (a)(j) | Lending Club | 08/08/2022 | 12770 | 12770 | 12421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192100639.SRDLC, 28.49%, 08/04/2026 (a)(j) | Lending Club | 08/08/2022 | 4885 | 4932 | 4800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192107400.SRDLC, 16.49%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 4782 | 4782 | 4707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192107870.SRDLC, 23.99%, 08/04/2027 (a)(j) | Lending Club | 08/08/2022 | 9823 | 9823 | 9554 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192107991.SRDLC, 12.99%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 7632 | 7632 | 7551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192113123.SRDLC, 21.49%, 08/23/2027 (a)(j) | Lending Club | 08/25/2022 | 6867 | 6934 | 6843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192117523.SRDLC, 23.49%, 08/03/2025 (a)(j) | Lending Club | 08/04/2022 | 3461 | 3461 | 3398 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192120626.SRDLC, 25.49%, 08/05/2027 (a)(j) | Lending Club | 08/09/2022 | 5308 | 5360 | 5239 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**67** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 192122475.SRDLC, 22.49%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | $5889 | $5889 | $5775 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192123907.SRDLC, 21.99%, 08/05/2025 (a)(j) | Lending Club | 08/09/2022 | 8639 | 8721 | 8553 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192130656.SRDLC, 28.99%, 08/05/2024 (a)(j) | Lending Club | 08/09/2022 | 2342 | 2363 | 2309 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192131702.SRDLC, 19.69%, 08/15/2027 (a)(j) | Lending Club | 08/05/2022 | 14800 | 14800 | 14578 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192132332.SRDLC, 12.99%, 08/04/2025 (a)(j) | Lending Club | 08/08/2022 | 1908 | 1908 | 1885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192134408.SRDLC, 15.99%, 08/05/2025 (a)(j) | Lending Club | 08/09/2022 | 1721 | 1721 | 1694 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192135953.SRDLC, 20.24%, 08/10/2025 (a)(j) | Lending Club | 08/12/2022 | 4794 | 4794 | 4700 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192139310.SRDLC, 23.99%, 08/05/2027 (a)(j) | Lending Club | 08/09/2022 | 14734 | 14734 | 14337 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192143591.SRDLC, 20.24%, 08/15/2027 (a)(j) | Lending Club | 08/17/2022 | 21567 | 21567 | 21168 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192143725.SRDLC, 23.99%, 08/05/2027 (a)(j) | Lending Club | 08/09/2022 | 1935 | 1935 | 1884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192143904.SRDLC, 19.69%, 09/13/2025 (a)(j) | Lending Club | 09/15/2022 | 9598 | 9505 | 9480 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192144590.SRDLC, 20.74%, 08/17/2027 (a)(j) | Lending Club | 08/19/2022 | 17651 | 17823 | 17561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192147934.SRDLC, 16.69%, 08/08/2027 (a)(j) | Lending Club | 08/10/2022 | 24457 | 24457 | 24100 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192153817.SRDLC, 30.99%, 08/15/2025 (a)(j) | Lending Club | 08/10/2022 | 2317 | 2339 | 2276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192156519.SRDLC, 22.99%, 08/10/2027 (a)(j) | Lending Club | 08/12/2022 | 19635 | 19635 | 19131 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192157437.SRDLC, 25.99%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 21340 | 21340 | 20945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192165204.SRDLC, 12.99%, 08/12/2024 (a)(j) | Lending Club | 08/16/2022 | 1852 | 1852 | 1833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192165868.SRDLC, 30.99%, 08/08/2027 (a)(j)(k) | Lending Club | 08/10/2022 | 11792 | 11903 | 11476 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192173279.SRDLC, 27.99%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 14453 | 14453 | 14153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192183697.SRDLC, 22.99%, 08/19/2025 (a)(j) | Lending Club | 08/10/2022 | 4987 | 4987 | 4878 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192185539.SRDLC, 30.99%, 08/05/2027 (a)(j)(k) | Lending Club | 08/09/2022 | 4849 | 4849 | 4713 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192187274.SRDLC, 15.74%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 17206 | 17368 | 17158 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192192717.SRDLC, 10.99%, 08/10/2027 (a)(j) | Lending Club | 08/12/2022 | 12671 | 12671 | 12579 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192193246.SRDLC, 16.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 2392 | 2414 | 2385 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192197858.SRDLC, 16.69%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 14348 | 14348 | 14123 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192198013.SRDLC, 30.99%, 08/10/2027 (a)(j) | Lending Club | 08/12/2022 | 19711 | 19904 | 19209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192198391.SRDLC, 28.99%, 08/22/2027 (a)(j) | Lending Club | 08/24/2022 | 9453 | 9453 | 9245 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192200565.SRDLC, 24.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 14426 | 14563 | 14214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192204988.SRDLC, 8.09%, 08/08/2027 (a)(j) | Lending Club | 08/10/2022 | 11673 | 11673 | 11614 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192205187.SRDLC, 30.99%, 08/15/2027 (a)(j) | Lending Club | 08/10/2022 | 7934 | 8012 | 7793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192209553.SRDLC, 30.99%, 08/08/2027 (a)(j) | Lending Club | 08/10/2022 | 6899 | 6966 | 6716 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192215236.SRDLC, 26.49%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 1925 | 1925 | 1881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192215872.SRDLC, 26.24%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 6545 | 6607 | 6466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192219742.SRDLC, 28.99%, 08/15/2027 (a)(j) | Lending Club | 08/17/2022 | 10831 | 10831 | 10566 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192223354.SRDLC, 23.99%, 08/08/2027 (a)(j) | Lending Club | 08/10/2022 | 39291 | 39291 | 38249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192228291.SRDLC, 30.74%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 2316 | 2338 | 2266 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192229952.SRDLC, 18.99%, 08/10/2025 (a)(j) | Lending Club | 08/12/2022 | 6706 | 6769 | 6689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192235260.SRDLC, 23.99%, 08/08/2027 (a)(j) | Lending Club | 08/10/2022 | 8693 | 8693 | 8463 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192237494.SRDLC, 20.49%, 08/10/2027 (a)(j) | Lending Club | 08/12/2022 | 5883 | 5883 | 5766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192238273.SRDLC, 30.99%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 3475 | 3509 | 3461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192238825.SRDLC, 20.74%, 08/08/2027 (a)(j) | Lending Club | 08/10/2022 | 18950 | 18950 | 18563 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192242182.SRDLC, 17.49%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 3445 | 3478 | 3435 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192244514.SRDLC, 18.69%, 08/26/2024 (a)(j) | Lending Club | 08/30/2022 | 3348 | 3348 | 3304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192247384.SRDLC, 24.49%, 08/08/2027 (a)(j) | Lending Club | 08/10/2022 | 11790 | 11905 | 11643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192249815.SRDLC, 28.99%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 6749 | 6749 | 6625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192252812.SRDLC, 25.99%, 08/18/2025 (a)(j) | Lending Club | 08/22/2022 | 24059 | 24059 | 23605 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192252952.SRDLC, 29.49%, 08/08/2027 (a)(j) | Lending Club | 08/10/2022 | 5909 | 5909 | 5749 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192256223.SRDLC, 19.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 4793 | 4838 | 4764 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192261309.SRDLC, 19.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 8628 | 8709 | 8575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192261726.SRDLC, 15.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 6626 | 6626 | 6540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192264548.SRDLC, 19.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 2397 | 2419 | 2382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192264740.SRDLC, 19.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 9491 | 9580 | 9432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192266752.SRDLC, 16.49%, 08/08/2027 (a)(j) | Lending Club | 08/10/2022 | 10271 | 10271 | 10121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192269870.SRDLC, 30.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 965 | 974 | 944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192274785.SRDLC, 25.99%, 08/08/2026 (a)(j) | Lending Club | 08/10/2022 | 4878 | 4925 | 4808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192275572.SRDLC, 17.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 1915 | 1933 | 1909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192276261.SRDLC, 19.44%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 19166 | 19166 | 18782 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**68** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 192281994.SRDLC, 23.99%, 08/09/2027 (a)(j) | Lending Club | 08/11/2022 | $982 | $982 | $957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192283274.SRDLC, 24.99%, 08/11/2025 (a)(j) | Lending Club | 08/15/2022 | 4039 | 4078 | 3988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192283329.SRDLC, 16.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 9567 | 9657 | 9540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192289140.SRDLC, 27.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 4818 | 4863 | 4737 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192289776.SRDLC, 12.54%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 28611 | 28611 | 28276 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192292011.SRDLC, 28.99%, 08/08/2026 (a)(j) | Lending Club | 08/10/2022 | 1759 | 1776 | 1730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192292446.SRDLC, 23.99%, 08/09/2027 (a)(j) | Lending Club | 08/11/2022 | 11689 | 11689 | 11383 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192292509.SRDLC, 18.49%, 08/09/2025 (a)(j) | Lending Club | 08/11/2022 | 9577 | 9577 | 9388 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192292874.SRDLC, 17.99%, 08/12/2025 (a)(j) | Lending Club | 08/16/2022 | 3351 | 3382 | 3345 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192294945.SRDLC, 20.99%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 7650 | 7724 | 7634 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192295500.SRDLC, 20.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 9593 | 9683 | 9533 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192296019.SRDLC, 30.99%, 08/02/2027 (a)(j) | Lending Club | 08/17/2022 | 5430 | 5430 | 5293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192297284.SRDLC, 19.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 2636 | 2661 | 2620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192299352.SRDLC, 25.99%, 08/10/2025 (a)(j) | Lending Club | 08/12/2022 | 4812 | 4812 | 4705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192302596.SRDLC, 19.99%, 08/08/2025 (a)(j) | Lending Club | 08/10/2022 | 1917 | 1935 | 1905 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192303177.SRDLC, 24.99%, 08/10/2025 (a)(j) | Lending Club | 08/12/2022 | 3847 | 3883 | 3794 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192306426.SRDLC, 19.99%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 4985 | 5033 | 4982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192308073.SRDLC, 18.74%, 08/08/2027 (a)(j) | Lending Club | 08/10/2022 | 21549 | 21758 | 21412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192319884.SRDLC, 12.69%, 08/09/2025 (a)(j) | Lending Club | 08/11/2022 | 9534 | 9534 | 9424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192322092.SRDLC, 10.79%, 08/09/2025 (a)(j) | Lending Club | 08/11/2022 | 14287 | 14287 | 14182 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192324514.SRDLC, 23.99%, 08/03/2025 (a)(j) | Lending Club | 08/15/2022 | 14336 | 14471 | 14214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192328339.SRDLC, 30.99%, 09/20/2025 (a)(j)(k) | Lending Club | 09/14/2022 | 5200 | 5250 | 5198 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192333305.SRDLC, 23.99%, 08/16/2027 (a)(j) | Lending Club | 08/12/2022 | 14795 | 14795 | 14534 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192333734.SRDLC, 30.49%, 09/02/2027 (a)(j) | Lending Club | 09/07/2022 | 12906 | 13033 | 12670 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192335280.SRDLC, 12.74%, 08/10/2025 (a)(j) | Lending Club | 08/12/2022 | 22892 | 22892 | 22631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192336857.SRDLC, 19.74%, 08/16/2025 (a)(j) | Lending Club | 08/18/2022 | 14377 | 14377 | 14122 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192338100.SRDLC, 14.69%, 08/11/2027 (a)(j) | Lending Club | 08/15/2022 | 11725 | 11725 | 11602 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192338257.SRDLC, 18.49%, 08/09/2025 (a)(j) | Lending Club | 08/11/2022 | 23942 | 24168 | 23876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192340092.SRDLC, 27.99%, 08/10/2025 (a)(j) | Lending Club | 08/12/2022 | 7486 | 7486 | 7323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192344065.SRDLC, 12.74%, 08/09/2025 (a)(j) | Lending Club | 08/11/2022 | 1908 | 1908 | 1886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192348010.SRDLC, 30.99%, 08/09/2027 (a)(j)(k) | Lending Club | 08/11/2022 | 8999 | 9089 | 8723 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192350217.SRDLC, 13.99%, 08/15/2025 (a)(j) | Lending Club | 08/11/2022 | 10528 | 10528 | 10445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192356023.SRDLC, 23.99%, 08/11/2025 (a)(j) | Lending Club | 08/15/2022 | 11534 | 11534 | 11290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192356215.SRDLC, 8.09%, 08/25/2025 (a)(j) | Lending Club | 08/11/2022 | 15683 | 15683 | 15632 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192359015.SRDLC, 13.99%, 08/10/2027 (a)(j) | Lending Club | 08/12/2022 | 7813 | 7813 | 7729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192359087.SRDLC, 30.99%, 08/10/2027 (a)(j) | Lending Club | 08/12/2022 | 7884 | 7962 | 7684 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192359709.SRDLC, 30.99%, 08/10/2025 (a)(j) | Lending Club | 08/12/2022 | 2727 | 2753 | 2671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192367518.SRDLC, 13.39%, 08/11/2025 (a)(j) | Lending Club | 08/15/2022 | 26720 | 26720 | 26425 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192370079.SRDLC, 30.49%, 08/20/2027 (a)(j) | Lending Club | 08/12/2022 | 14267 | 14406 | 13879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192373124.SRDLC, 30.99%, 08/30/2026 (a)(j) | Lending Club | 09/01/2022 | 1167 | 1178 | 1153 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192373917.SRDLC, 25.49%, 09/01/2025 (a)(j) | Lending Club | 08/24/2022 | 4740 | 4786 | 4751 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192379595.SRDLC, 13.99%, 08/15/2027 (a)(j) | Lending Club | 08/17/2022 | 15626 | 15626 | 15469 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192385569.SRDLC, 24.99%, 08/11/2025 (a)(j) | Lending Club | 08/15/2022 | 4809 | 4809 | 4707 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192388823.SRDLC, 22.24%, 08/11/2025 (a)(j) | Lending Club | 08/15/2022 | 10567 | 10667 | 10515 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192388893.SRDLC, 29.49%, 08/18/2027 (a)(j) | Lending Club | 08/16/2022 | 11879 | 11879 | 11680 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192390755.SRDLC, 10.54%, 08/26/2025 (a)(j) | Lending Club | 08/15/2022 | 11481 | 11481 | 11429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192398119.SRDLC, 8.59%, 08/23/2025 (a)(j) | Lending Club | 08/25/2022 | 11411 | 11411 | 11370 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192400720.SRDLC, 22.99%, 08/14/2027 (a)(j) | Lending Club | 08/16/2022 | 9829 | 9829 | 9675 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192404623.SRDLC, 23.99%, 08/26/2027 (a)(j) | Lending Club | 08/22/2022 | 4099 | 4099 | 4030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192407409.SRDLC, 10.29%, 08/03/2025 (a)(j) | Lending Club | 08/16/2022 | 11426 | 11426 | 11347 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192409831.SRDLC, 23.49%, 08/11/2027 (a)(j) | Lending Club | 08/15/2022 | 14730 | 14874 | 14617 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192410539.SRDLC, 30.99%, 08/11/2027 (a)(j) | Lending Club | 08/15/2022 | 4832 | 4879 | 4709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192413613.SRDLC, 20.99%, 08/11/2024 (a)(j) | Lending Club | 08/15/2022 | 5087 | 5133 | 5066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192416611.SRDLC, 10.79%, 08/12/2025 (a)(j) | Lending Club | 08/16/2022 | 16228 | 16228 | 16154 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192420352.SRDLC, 16.69%, 08/12/2027 (a)(j) | Lending Club | 08/16/2022 | 35219 | 35219 | 34745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192422507.SRDLC, 11.84%, 08/24/2025 (a)(j) | Lending Club | 08/26/2022 | 28597 | 28597 | 28424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192427492.SRDLC, 17.89%, 08/12/2025 (a)(j) | Lending Club | 08/16/2022 | 6222 | 6222 | 6132 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**69** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 192427494.SRDLC, 23.99%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | $14994 | $14994 | $14689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192428053.SRDLC, 23.99%, 08/15/2027 (a)(j) | Lending Club | 08/17/2022 | 10928 | 10928 | 10665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192428920.SRDLC, 16.24%, 08/18/2027 (a)(j) | Lending Club | 08/22/2022 | 14670 | 14670 | 14492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192431792.SRDLC, 21.49%, 08/15/2027 (a)(j) | Lending Club | 08/17/2022 | 9810 | 9810 | 9577 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192435997.SRDLC, 10.29%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 6284 | 6284 | 6249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192439827.SRDLC, 18.99%, 08/20/2025 (a)(j) | Lending Club | 08/16/2022 | 5774 | 5774 | 5705 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192441361.SRDLC, 28.99%, 08/22/2027 (a)(j) | Lending Club | 08/24/2022 | 11816 | 11816 | 11556 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192442933.SRDLC, 30.99%, 09/07/2025 (a)(j) | Lending Club | 09/09/2022 | 4423 | 4466 | 4351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192448747.SRDLC, 23.99%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 2307 | 2307 | 2260 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192450920.SRDLC, 25.49%, 08/12/2027 (a)(j) | Lending Club | 08/16/2022 | 5898 | 5956 | 5839 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192451292.SRDLC, 13.69%, 08/27/2025 (a)(j)(k) | Lending Club | 08/16/2022 | 3543 | 3543 | 3519 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192462667.SRDLC, 20.24%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 9588 | 9588 | 9414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192464895.SRDLC, 28.49%, 08/12/2027 (a)(j) | Lending Club | 08/16/2022 | 14767 | 14911 | 14555 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192465706.SRDLC, 19.74%, 08/12/2025 (a)(j) | Lending Club | 08/16/2022 | 3834 | 3870 | 3817 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192468264.SRDLC, 28.99%, 08/12/2024 (a)(j) | Lending Club | 08/16/2022 | 937 | 945 | 927 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192468743.SRDLC, 10.79%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 3810 | 3810 | 3784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192470047.SRDLC, 32.39%, 09/01/2027 (a)(j)(k) | Lending Club | 08/23/2022 | 20000 | 20000 | 19689 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192474798.SRDLC, 18.24%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 5745 | 5745 | 5642 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192479865.SRDLC, 23.74%, 08/17/2025 (a)(j) | Lending Club | 08/19/2022 | 9610 | 9610 | 9421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192481710.SRDLC, 14.69%, 08/15/2027 (a)(j) | Lending Club | 08/17/2022 | 27358 | 27358 | 27081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192483374.SRDLC, 17.49%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 12442 | 12442 | 12264 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192486061.SRDLC, 10.49%, 08/12/2026 (a)(j) | Lending Club | 08/16/2022 | 17943 | 17943 | 17826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192486732.SRDLC, 10.74%, 09/28/2025 (a)(j) | Lending Club | 08/16/2022 | 10165 | 10165 | 10107 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192496351.SRDLC, 30.99%, 08/26/2025 (a)(j)(k) | Lending Club | 08/30/2022 | 14000 | 14140 | 13898 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192506958.SRDLC, 18.19%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 3830 | 3830 | 3767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192511932.SRDLC, 18.24%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 782 | 782 | 771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192512046.SRDLC, 24.99%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 3931 | 3931 | 3889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192512188.SRDLC, 25.99%, 08/16/2027 (a)(j) | Lending Club | 08/18/2022 | 4720 | 4720 | 4607 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192514171.SRDLC, 7.59%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 5226 | 5226 | 5206 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192516798.SRDLC, 25.99%, 08/17/2027 (a)(j) | Lending Club | 08/19/2022 | 10744 | 10744 | 10489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192518141.SRDLC, 16.24%, 08/04/2025 (a)(j)(k) | Lending Club | 08/17/2022 | 9514 | 9514 | 9379 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192520209.SRDLC, 28.99%, 08/17/2024 (a)(j) | Lending Club | 08/19/2022 | 1402 | 1415 | 1389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192521291.SRDLC, 24.44%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 4807 | 4807 | 4709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192526019.SRDLC, 28.49%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 6399 | 6399 | 6256 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192526453.SRDLC, 19.99%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 906 | 906 | 909 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192533157.SRDLC, 16.74%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 7174 | 7242 | 7164 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192539008.SRDLC, 8.84%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 27582 | 27582 | 27472 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192540719.SRDLC, 10.54%, 08/19/2025 (a)(j) | Lending Club | 08/17/2022 | 12205 | 12205 | 12151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192541375.SRDLC, 17.69%, 08/07/2025 (a)(j) | Lending Club | 08/17/2022 | 4766 | 4766 | 4697 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192544068.SRDLC, 25.49%, 08/17/2027 (a)(j) | Lending Club | 08/19/2022 | 4915 | 4963 | 4872 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192545623.SRDLC, 25.74%, 08/17/2027 (a)(j) | Lending Club | 08/19/2022 | 10815 | 10815 | 10561 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192552195.SRDLC, 26.49%, 08/16/2027 (a)(j) | Lending Club | 08/18/2022 | 4918 | 4918 | 4800 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192555420.SRDLC, 26.99%, 08/15/2024 (a)(j) | Lending Club | 08/17/2022 | 2807 | 2832 | 2779 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192557901.SRDLC, 11.29%, 08/16/2025 (a)(j) | Lending Club | 08/18/2022 | 8194 | 8194 | 8139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192557988.SRDLC, 17.99%, 08/15/2025 (a)(j) | Lending Club | 08/17/2022 | 13394 | 13521 | 13374 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192559734.SRDLC, 9.09%, 08/16/2025 (a)(j) | Lending Club | 08/18/2022 | 11415 | 11415 | 11340 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192560534.SRDLC, 32.39%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 10847 | 10847 | 10600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192560879.SRDLC, 19.69%, 08/16/2025 (a)(j) | Lending Club | 08/18/2022 | 5751 | 5751 | 5648 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192561494.SRDLC, 15.19%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 3344 | 3312 | 3324 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192565665.SRDLC, 28.99%, 08/22/2027 (a)(j) | Lending Club | 08/24/2022 | 14770 | 14770 | 14445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192568285.SRDLC, 32.39%, 08/15/2027 (a)(j) | Lending Club | 08/17/2022 | 16764 | 16928 | 16380 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192568630.SRDLC, 20.99%, 08/16/2025 (a)(j) | Lending Club | 08/18/2022 | 11511 | 11621 | 11465 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192569769.SRDLC, 22.74%, 08/16/2027 (a)(j) | Lending Club | 08/18/2022 | 19240 | 19240 | 18787 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192570177.SRDLC, 19.99%, 08/16/2025 (a)(j) | Lending Club | 08/18/2022 | 3835 | 3871 | 3820 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192575011.SRDLC, 30.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 6757 | 6816 | 6726 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192578311.SRDLC, 26.99%, 08/16/2025 (a)(j) | Lending Club | 08/18/2022 | 4815 | 4861 | 4753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192578477.SRDLC, 19.49%, 08/16/2025 (a)(j) | Lending Club | 08/18/2022 | 6708 | 6772 | 6682 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**70** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 192579359.SRDLC, 32.39%, 08/08/2027 (a)(j) | Lending Club | 08/18/2022 | $9586 | $9680 | $9349 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192582047.SRDLC, 15.74%, 08/17/2025 (a)(j) | Lending Club | 08/19/2022 | 10706 | 10706 | 10560 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192584646.SRDLC, 22.99%, 08/29/2025 (a)(j)(k) | Lending Club | 08/18/2022 | 11765 | 11877 | 11732 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192585807.SRDLC, 25.99%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 6736 | 6736 | 6612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192588957.SRDLC, 32.39%, 08/30/2027 (a)(j) | Lending Club | 08/22/2022 | 19942 | 20142 | 19564 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192590272.SRDLC, 22.49%, 08/18/2027 (a)(j) | Lending Club | 08/22/2022 | 9423 | 9423 | 9214 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192590629.SRDLC, 30.99%, 09/02/2025 (a)(j) | Lending Club | 08/23/2022 | 3378 | 3411 | 3295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192593103.SRDLC, 28.99%, 08/19/2025 (a)(j) | Lending Club | 08/18/2022 | 3327 | 3359 | 3282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192595259.SRDLC, 18.49%, 08/16/2025 (a)(j) | Lending Club | 08/18/2022 | 3831 | 3867 | 3826 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192596654.SRDLC, 6.79%, 08/16/2025 (a)(j) | Lending Club | 08/18/2022 | 17093 | 17093 | 17029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192601175.SRDLC, 28.49%, 08/16/2025 (a)(j) | Lending Club | 08/18/2022 | 4819 | 4865 | 4756 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192603694.SRDLC, 11.29%, 08/25/2025 (a)(j) | Lending Club | 08/29/2022 | 9428 | 9428 | 9375 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192604561.SRDLC, 23.99%, 08/17/2025 (a)(j)(k) | Lending Club | 08/19/2022 | 4287 | 4287 | 4209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192605471.SRDLC, 10.79%, 08/18/2025 (a)(j)(k) | Lending Club | 08/22/2022 | 3708 | 3708 | 3685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192605521.SRDLC, 25.99%, 08/21/2025 (a)(j) | Lending Club | 08/18/2022 | 8886 | 8972 | 8759 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192606607.SRDLC, 18.94%, 08/18/2025 (a)(j) | Lending Club | 08/22/2022 | 9580 | 9580 | 9420 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192607073.SRDLC, 29.99%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 8866 | 8866 | 8666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192608111.SRDLC, 23.49%, 08/17/2027 (a)(j) | Lending Club | 08/19/2022 | 7856 | 7933 | 7808 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192608673.SRDLC, 30.99%, 08/17/2025 (a)(j) | Lending Club | 08/19/2022 | 4826 | 4872 | 4746 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192609947.SRDLC, 25.99%, 08/31/2025 (a)(j) | Lending Club | 08/25/2022 | 8133 | 8133 | 7970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192610948.SRDLC, 23.49%, 08/24/2025 (a)(j) | Lending Club | 08/26/2022 | 9128 | 9215 | 9089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192612289.SRDLC, 30.99%, 08/22/2027 (a)(j) | Lending Club | 08/24/2022 | 5913 | 5971 | 5802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192613924.SRDLC, 19.94%, 08/18/2027 (a)(j) | Lending Club | 08/22/2022 | 25484 | 25484 | 25045 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192614412.SRDLC, 25.99%, 08/17/2025 (a)(j) | Lending Club | 08/19/2022 | 23096 | 23316 | 22837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192615132.SRDLC, 22.99%, 08/17/2025 (a)(j) | Lending Club | 08/19/2022 | 8165 | 8242 | 8110 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192620926.SRDLC, 25.99%, 08/17/2025 (a)(j) | Lending Club | 08/19/2022 | 1444 | 1457 | 1427 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192622579.SRDLC, 16.49%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 23696 | 23696 | 23412 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192624533.SRDLC, 24.74%, 08/18/2025 (a)(j) | Lending Club | 08/22/2022 | 5770 | 5770 | 5661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192625413.SRDLC, 21.19%, 08/18/2027 (a)(j) | Lending Club | 08/22/2022 | 30406 | 30406 | 29736 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192629073.SRDLC, 32.39%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 14792 | 14937 | 14503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192631895.SRDLC, 19.99%, 08/17/2025 (a)(j) | Lending Club | 08/19/2022 | 9587 | 9678 | 9552 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192634375.SRDLC, 13.99%, 08/17/2025 (a)(j) | Lending Club | 08/19/2022 | 38188 | 38188 | 37789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192637025.SRDLC, 30.99%, 08/18/2025 (a)(j) | Lending Club | 08/22/2022 | 3475 | 3508 | 3423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192639185.SRDLC, 25.99%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 11324 | 11324 | 11072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192640791.SRDLC, 30.99%, 08/18/2025 (a)(j) | Lending Club | 08/22/2022 | 1930 | 1949 | 1902 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192642788.SRDLC, 30.99%, 08/25/2027 (a)(j) | Lending Club | 08/29/2022 | 5929 | 5987 | 5883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192642800.SRDLC, 30.99%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 4573 | 4616 | 4493 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192645606.SRDLC, 16.19%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 9562 | 9562 | 9438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192646300.SRDLC, 30.99%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 4898 | 4945 | 4848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192654942.SRDLC, 28.99%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 11816 | 11816 | 11551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192655658.SRDLC, 24.49%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 7692 | 7692 | 7550 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192655928.SRDLC, 24.99%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 7076 | 7076 | 6938 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192657341.SRDLC, 28.99%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 11816 | 11816 | 11551 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192659696.SRDLC, 23.99%, 08/16/2025 (a)(j) | Lending Club | 08/23/2022 | 2980 | 2980 | 2925 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192662250.SRDLC, 29.49%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 24109 | 24109 | 23655 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192662590.SRDLC, 26.49%, 08/04/2025 (a)(j) | Lending Club | 08/23/2022 | 9133 | 9133 | 8958 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192665917.SRDLC, 28.99%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 10044 | 10044 | 9818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192666442.SRDLC, 20.49%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 11765 | 11765 | 11587 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192668831.SRDLC, 22.49%, 08/23/2027 (a)(j) | Lending Club | 08/25/2022 | 21593 | 21593 | 21139 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192668976.SRDLC, 22.49%, 08/22/2027 (a)(j) | Lending Club | 08/24/2022 | 4908 | 4908 | 4803 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192670626.SRDLC, 23.99%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 3845 | 3845 | 3774 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192671256.SRDLC, 32.39%, 08/13/2027 (a)(j) | Lending Club | 08/23/2022 | 19612 | 19612 | 19160 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192681682.SRDLC, 29.49%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 19287 | 19287 | 18924 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192682285.SRDLC, 15.99%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 9561 | 9561 | 9437 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192691357.SRDLC, 16.49%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 9564 | 9564 | 9440 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192691765.SRDLC, 30.99%, 08/28/2025 (a)(j) | Lending Club | 08/23/2022 | 2432 | 2455 | 2407 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192694158.SRDLC, 25.99%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 5774 | 5774 | 5667 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**71** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 192694190.SRDLC, 21.99%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | $6869 | $6936 | $6837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192698444.SRDLC, 11.29%, 09/01/2025 (a)(j)(k) | Lending Club | 09/06/2022 | 17178 | 17014 | 17089 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192702036.SRDLC, 26.49%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 11802 | 11802 | 11540 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192704436.SRDLC, 16.94%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 21526 | 21526 | 21297 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192707631.SRDLC, 30.99%, 08/24/2025 (a)(j) | Lending Club | 08/26/2022 | 9652 | 9745 | 9530 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192708355.SRDLC, 32.39%, 08/19/2027 (a)(j) | Lending Club | 08/23/2022 | 18722 | 18904 | 18344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192713407.SRDLC, 18.99%, 08/19/2025 (a)(j) | Lending Club | 08/23/2022 | 2874 | 2901 | 2873 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192726339.SRDLC, 24.49%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 2884 | 2884 | 2833 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192743045.SRDLC, 21.99%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 467 | 472 | 466 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192743620.SRDLC, 17.24%, 08/23/2025 (a)(j) | Lending Club | 08/25/2022 | 3828 | 3864 | 3828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192746030.SRDLC, 25.49%, 09/12/2027 (a)(j) | Lending Club | 09/14/2022 | 26735 | 26471 | 26293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192747854.SRDLC, 32.39%, 08/24/2027 (a)(j) | Lending Club | 08/26/2022 | 5670 | 5726 | 5569 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192749125.SRDLC, 32.39%, 08/22/2027 (a)(j) | Lending Club | 08/24/2022 | 12006 | 12006 | 11738 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192753365.SRDLC, 30.99%, 08/22/2027 (a)(j) | Lending Club | 08/24/2022 | 11826 | 11942 | 11610 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192758531.SRDLC, 20.49%, 09/16/2024 (a)(j) | Lending Club | 09/20/2022 | 13910 | 14042 | 13928 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192759832.SRDLC, 22.99%, 08/22/2027 (a)(j) | Lending Club | 08/24/2022 | 23563 | 23563 | 23058 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192763465.SRDLC, 25.99%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 24059 | 24288 | 23837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192766943.SRDLC, 22.99%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 17672 | 17834 | 17704 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192771675.SRDLC, 25.99%, 08/22/2027 (a)(j) | Lending Club | 08/24/2022 | 16716 | 16716 | 16353 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192775167.SRDLC, 26.99%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 2889 | 2916 | 2860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192776232.SRDLC, 29.99%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 5788 | 5843 | 5709 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192776777.SRDLC, 30.74%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 2895 | 2924 | 2884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192777570.SRDLC, 26.99%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 7270 | 7339 | 7204 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192780614.SRDLC, 23.99%, 08/22/2027 (a)(j) | Lending Club | 08/24/2022 | 4911 | 4959 | 4890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192782972.SRDLC, 15.44%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 2389 | 2389 | 2359 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192784709.SRDLC, 11.99%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 9533 | 9533 | 9474 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192789922.SRDLC, 25.99%, 09/06/2027 (a)(j) | Lending Club | 09/08/2022 | 12892 | 12765 | 12652 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192792740.SRDLC, 30.99%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 11583 | 11696 | 11537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192796294.SRDLC, 9.09%, 09/01/2025 (a)(j) | Lending Club | 09/06/2022 | 8782 | 8698 | 8735 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192796437.SRDLC, 22.49%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 4801 | 4847 | 4778 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192797845.SRDLC, 30.99%, 08/10/2025 (a)(j) | Lending Club | 08/26/2022 | 6757 | 6821 | 6671 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192800194.SRDLC, 20.99%, 08/23/2025 (a)(j) | Lending Club | 08/25/2022 | 6715 | 6779 | 6701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192807692.SRDLC, 26.74%, 08/25/2025 (a)(j) | Lending Club | 08/24/2022 | 11581 | 11692 | 11517 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192809365.SRDLC, 23.99%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 24029 | 24029 | 23599 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192809620.SRDLC, 27.99%, 08/22/2025 (a)(j)(k) | Lending Club | 08/24/2022 | 2946 | 2974 | 2920 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192810627.SRDLC, 19.94%, 08/23/2025 (a)(j) | Lending Club | 08/25/2022 | 5752 | 5752 | 5661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192814693.SRDLC, 30.99%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 1347 | 1359 | 1323 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192815018.SRDLC, 20.99%, 08/25/2025 (a)(j) | Lending Club | 08/29/2022 | 5756 | 5811 | 5750 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192817165.SRDLC, 30.99%, 08/22/2027 (a)(j)(k) | Lending Club | 08/24/2022 | 11914 | 12031 | 11695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192817671.SRDLC, 22.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 4803 | 4846 | 4810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192817846.SRDLC, 25.99%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 4042 | 4080 | 4005 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192821713.SRDLC, 29.49%, 08/22/2027 (a)(j) | Lending Club | 08/24/2022 | 3940 | 3940 | 3853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192822780.SRDLC, 22.49%, 08/22/2025 (a)(j) | Lending Club | 08/24/2022 | 24006 | 24235 | 23889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192824567.SRDLC, 19.74%, 08/23/2025 (a)(j) | Lending Club | 08/25/2022 | 3067 | 3096 | 3072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192826738.SRDLC, 28.99%, 08/23/2025 (a)(j) | Lending Club | 08/25/2022 | 1446 | 1460 | 1432 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192832835.SRDLC, 30.99%, 09/04/2027 (a)(j)(k) | Lending Club | 08/25/2022 | 12000 | 12120 | 11859 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192835380.SRDLC, 22.99%, 08/23/2025 (a)(j) | Lending Club | 08/25/2022 | 6243 | 6303 | 6215 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192836364.SRDLC, 20.49%, 08/25/2025 (a)(j) | Lending Club | 08/29/2022 | 2302 | 2324 | 2299 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192842278.SRDLC, 29.49%, 08/24/2025 (a)(j) | Lending Club | 08/26/2022 | 13067 | 13067 | 12836 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192845820.SRDLC, 18.49%, 08/25/2025 (a)(j) | Lending Club | 08/29/2022 | 5746 | 5746 | 5662 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192846539.SRDLC, 26.49%, 08/23/2025 (a)(j) | Lending Club | 08/25/2022 | 1733 | 1733 | 1702 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192846667.SRDLC, 32.39%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 4931 | 4979 | 4853 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192847951.SRDLC, 26.99%, 08/24/2025 (a)(j) | Lending Club | 08/26/2022 | 4815 | 4861 | 4771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192855200.SRDLC, 28.99%, 08/23/2027 (a)(j) | Lending Club | 08/25/2022 | 4136 | 4136 | 4046 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192855485.SRDLC, 30.99%, 08/24/2025 (a)(j) | Lending Club | 08/26/2022 | 11583 | 11694 | 11436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192855597.SRDLC, 19.99%, 08/25/2027 (a)(j) | Lending Club | 08/29/2022 | 5881 | 5939 | 5868 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192861177.SRDLC, 26.49%, 08/23/2027 (a)(j) | Lending Club | 08/25/2022 | 4721 | 4721 | 4620 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**72** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 192863062.SRDLC, 30.99%, 08/25/2025 (a)(j) | Lending Club | 08/29/2022 | $9652 | $9745 | $9547 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192864288.SRDLC, 20.99%, 08/25/2025 (a)(j) | Lending Club | 08/29/2022 | 3453 | 3486 | 3450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192867016.SRDLC, 15.19%, 08/25/2027 (a)(j) | Lending Club | 08/29/2022 | 6451 | 6451 | 6382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192869569.SRDLC, 11.29%, 08/24/2025 (a)(j) | Lending Club | 08/26/2022 | 14293 | 14293 | 14207 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192869827.SRDLC, 26.74%, 08/25/2025 (a)(j) | Lending Club | 08/29/2022 | 20851 | 21052 | 20793 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192873403.SRDLC, 25.24%, 08/30/2027 (a)(j) | Lending Club | 08/30/2022 | 34502 | 34502 | 34140 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192876219.SRDLC, 30.99%, 08/31/2025 (a)(j) | Lending Club | 09/02/2022 | 5786 | 5843 | 5767 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192876433.SRDLC, 23.99%, 08/30/2027 (a)(j) | Lending Club | 09/01/2022 | 39291 | 38910 | 38882 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192876522.SRDLC, 32.39%, 08/25/2027 (a)(j) | Lending Club | 08/29/2022 | 7889 | 7966 | 7761 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192876723.SRDLC, 24.99%, 08/24/2025 (a)(j) | Lending Club | 08/26/2022 | 3847 | 3847 | 3781 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192879657.SRDLC, 15.94%, 08/24/2027 (a)(j) | Lending Club | 08/26/2022 | 16105 | 16105 | 15922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192881890.SRDLC, 27.24%, 08/25/2025 (a)(j) | Lending Club | 08/29/2022 | 2311 | 2334 | 2293 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192884522.SRDLC, 11.29%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 25727 | 25727 | 25582 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192885568.SRDLC, 26.99%, 08/25/2025 (a)(j)(k) | Lending Club | 08/29/2022 | 2454 | 2478 | 2438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192886017.SRDLC, 30.99%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 2896 | 2923 | 2866 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192886814.SRDLC, 22.99%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 7684 | 7758 | 7663 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192888380.SRDLC, 25.49%, 08/25/2025 (a)(j) | Lending Club | 08/29/2022 | 4810 | 4856 | 4776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192889105.SRDLC, 32.39%, 08/31/2027 (a)(j) | Lending Club | 09/02/2022 | 6884 | 6951 | 6789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192890459.SRDLC, 30.99%, 08/21/2025 (a)(j) | Lending Club | 08/29/2022 | 7680 | 7753 | 7594 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192890531.SRDLC, 32.39%, 08/24/2027 (a)(j) | Lending Club | 08/26/2022 | 7494 | 7494 | 7332 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192891554.SRDLC, 20.24%, 08/24/2025 (a)(j) | Lending Club | 08/26/2022 | 4802 | 4802 | 4757 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192892859.SRDLC, 25.99%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 6736 | 6800 | 6691 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192894802.SRDLC, 23.24%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 3843 | 3880 | 3832 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192894830.SRDLC, 30.99%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 7884 | 7962 | 7762 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192895571.SRDLC, 19.99%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 2876 | 2903 | 2874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192896950.SRDLC, 12.24%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 12205 | 12205 | 12099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192896989.SRDLC, 25.99%, 08/25/2025 (a)(j)(k) | Lending Club | 08/29/2022 | 1963 | 1963 | 1930 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192899816.SRDLC, 20.74%, 08/25/2025 (a)(j) | Lending Club | 08/29/2022 | 4028 | 4028 | 3969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192902229.SRDLC, 15.19%, 08/25/2027 (a)(j) | Lending Club | 08/29/2022 | 14661 | 14661 | 14504 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192902759.SRDLC, 21.99%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 6182 | 6242 | 6170 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192908003.SRDLC, 20.99%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 6622 | 6622 | 6524 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192912950.SRDLC, 21.74%, 08/26/2026 (a)(j) | Lending Club | 08/30/2022 | 38931 | 38931 | 38282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192913549.SRDLC, 22.49%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 15704 | 15704 | 15401 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192917763.SRDLC, 12.24%, 09/07/2025 (a)(j) | Lending Club | 08/30/2022 | 9806 | 9806 | 9753 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192920638.SRDLC, 20.49%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 7672 | 7741 | 7701 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192921440.SRDLC, 15.69%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 6340 | 6340 | 6273 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192921563.SRDLC, 32.39%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 13042 | 13160 | 12951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192923851.SRDLC, 20.99%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 2878 | 2905 | 2876 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192924727.SRDLC, 25.24%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 10812 | 10812 | 10601 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192925407.SRDLC, 19.19%, 08/27/2025 (a)(j) | Lending Club | 08/30/2022 | 8626 | 8626 | 8557 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192930139.SRDLC, 25.24%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 22582 | 22582 | 22141 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192931533.SRDLC, 22.74%, 08/22/2027 (a)(j) | Lending Club | 08/30/2022 | 9791 | 9791 | 9600 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192932397.SRDLC, 20.74%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 18827 | 18827 | 18542 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192932635.SRDLC, 25.49%, 08/29/2026 (a)(j) | Lending Club | 08/31/2022 | 11778 | 11778 | 11665 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192933007.SRDLC, 15.19%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 27367 | 27367 | 27080 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192934351.SRDLC, 30.99%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 5791 | 5847 | 5731 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192934415.SRDLC, 14.49%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 20056 | 20056 | 19879 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192935971.SRDLC, 13.19%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 19523 | 19523 | 19366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192947298.SRDLC, 20.49%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 3452 | 3452 | 3402 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192949103.SRDLC, 24.99%, 08/30/2025 (a)(j)(k) | Lending Club | 09/01/2022 | 1962 | 1981 | 1954 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192949362.SRDLC, 20.74%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 9591 | 9684 | 9631 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192950568.SRDLC, 26.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 8087 | 8159 | 8076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192951569.SRDLC, 22.99%, 08/31/2025 (a)(j) | Lending Club | 09/02/2022 | 4799 | 4846 | 4810 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192952237.SRDLC, 24.24%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 17683 | 17683 | 17339 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192954346.SRDLC, 17.49%, 08/26/2025 (a)(j) | Lending Club | 08/30/2022 | 4715 | 4715 | 4660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192954423.SRDLC, 30.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 3861 | 3895 | 3843 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192954826.SRDLC, 15.19%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | 15638 | 15638 | 15474 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**73** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 192955270.SRDLC, 25.99%, 08/26/2027 (a)(j) | Lending Club | 08/30/2022 | $15732 | $15732 | $15424 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192955657.SRDLC, 25.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 9622 | 9708 | 9609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192956476.SRDLC, 25.74%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 12781 | 12898 | 12784 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192956853.SRDLC, 16.49%, 08/15/2025 (a)(j) | Lending Club | 09/01/2022 | 8206 | 8285 | 8219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192960228.SRDLC, 15.99%, 09/01/2025 (a)(j) | Lending Club | 08/30/2022 | 12549 | 12549 | 12455 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192964543.SRDLC, 32.39%, 09/14/2027 (a)(j)(k) | Lending Club | 08/31/2022 | 14400 | 14526 | 14414 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192966506.SRDLC, 30.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 9652 | 9737 | 9609 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192974045.SRDLC, 20.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 6715 | 6776 | 6741 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192978951.SRDLC, 31.49%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 10350 | 10443 | 10290 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192979492.SRDLC, 16.69%, 08/29/2026 (a)(j) | Lending Club | 08/31/2022 | 26147 | 26147 | 25977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192979855.SRDLC, 26.99%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 963 | 972 | 962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192982092.SRDLC, 22.24%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 8342 | 8342 | 8253 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192987262.SRDLC, 30.99%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 1904 | 1923 | 1886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192989933.SRDLC, 14.94%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 20522 | 20522 | 20428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192989998.SRDLC, 30.99%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 5791 | 5848 | 5769 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192990369.SRDLC, 30.99%, 08/31/2025 (a)(j) | Lending Club | 09/02/2022 | 8679 | 8764 | 8650 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192991046.SRDLC, 29.99%, 09/01/2025 (a)(j) | Lending Club | 09/02/2022 | 24564 | 24801 | 24069 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192995083.SRDLC, 32.39%, 08/31/2027 (a)(j) | Lending Club | 09/02/2022 | 11822 | 11940 | 11766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 192996701.SRDLC, 30.74%, 09/01/2025 (a)(j) | Lending Club | 09/06/2022 | 8845 | 8930 | 8685 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193000989.SRDLC, 20.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 2302 | 2302 | 2283 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193001021.SRDLC, 25.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 1732 | 1748 | 1730 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193001323.SRDLC, 19.69%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 9585 | 9585 | 9507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193002155.SRDLC, 28.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 5785 | 5836 | 5777 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193005732.SRDLC, 23.99%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 14734 | 14734 | 14575 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193006752.SRDLC, 22.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 9605 | 9692 | 9620 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193007274.SRDLC, 28.74%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 7230 | 7294 | 7220 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193008719.SRDLC, 25.49%, 08/30/2027 (a)(j) | Lending Club | 09/01/2022 | 12779 | 12655 | 12645 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193008800.SRDLC, 15.99%, 09/23/2025 (a)(j) | Lending Club | 09/27/2022 | 3130 | 3100 | 3108 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193010229.SRDLC, 24.49%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 19651 | 19651 | 19438 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193011037.SRDLC, 15.74%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 8125 | 8048 | 8075 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193013525.SRDLC, 31.89%, 08/29/2026 (a)(j) | Lending Club | 08/31/2022 | 4697 | 4739 | 4674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193015947.SRDLC, 23.74%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 5766 | 5822 | 5776 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193016420.SRDLC, 24.69%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 14740 | 14740 | 14580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193016442.SRDLC, 24.49%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 6922 | 6984 | 6915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193018530.SRDLC, 22.24%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 4320 | 4320 | 4282 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193019713.SRDLC, 23.49%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 11530 | 11530 | 11426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193020910.SRDLC, 13.44%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 7635 | 7635 | 7597 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193025123.SRDLC, 18.74%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 9578 | 9665 | 9625 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193043411.SRDLC, 25.19%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 4914 | 4914 | 4861 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193043888.SRDLC, 18.49%, 09/27/2025 (a)(j) | Lending Club | 09/29/2022 | 4895 | 4847 | 4855 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193045278.SRDLC, 10.79%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 9234 | 9234 | 9188 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193048715.SRDLC, 18.49%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 22985 | 23193 | 23096 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193049189.SRDLC, 25.49%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 7205 | 7272 | 7161 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193051392.SRDLC, 24.99%, 09/16/2027 (a)(j) | Lending Club | 09/20/2022 | 20077 | 19879 | 19789 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193051775.SRDLC, 24.49%, 09/08/2027 (a)(j) | Lending Club | 09/12/2022 | 5304 | 5251 | 5212 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193063140.SRDLC, 14.44%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 10505 | 10505 | 10453 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193067174.SRDLC, 10.79%, 09/03/2025 (a)(j) | Lending Club | 08/31/2022 | 32259 | 32259 | 32151 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193070371.SRDLC, 30.99%, 09/14/2027 (a)(j) | Lending Club | 09/16/2022 | 5461 | 5515 | 5387 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193075296.SRDLC, 30.99%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 11826 | 11933 | 11758 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193075353.SRDLC, 26.49%, 08/31/2027 (a)(j) | Lending Club | 09/02/2022 | 7862 | 7940 | 7871 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193079923.SRDLC, 20.99%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 1439 | 1453 | 1445 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193081235.SRDLC, 16.19%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 11736 | 11736 | 11661 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193081260.SRDLC, 24.74%, 08/29/2027 (a)(j) | Lending Club | 08/31/2022 | 18670 | 18841 | 18676 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193081267.SRDLC, 30.99%, 08/29/2025 (a)(j) | Lending Club | 08/31/2022 | 2896 | 2921 | 2883 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193082133.SRDLC, 15.99%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 6119 | 6061 | 6081 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193085767.SRDLC, 27.74%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 9826 | 9922 | 9819 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193085811.SRDLC, 22.49%, 08/31/2027 (a)(j) | Lending Club | 09/02/2022 | 6866 | 6799 | 6798 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**74** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 193088858.SRDLC, 28.99%, 08/30/2027 (a)(j) | Lending Club | 09/01/2022 | $10831 | $10939 | $10848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193089979.SRDLC, 23.49%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 8984 | 9071 | 9000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193104978.SRDLC, 20.99%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 3453 | 3487 | 3468 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193105479.SRDLC, 22.24%, 08/31/2027 (a)(j) | Lending Club | 09/02/2022 | 26480 | 26223 | 26219 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193106592.SRDLC, 24.49%, 09/29/2027 (a)(j) | Lending Club | 09/06/2022 | 8144 | 8063 | 7989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193107288.SRDLC, 23.99%, 08/31/2027 (a)(j) | Lending Club | 09/02/2022 | 24540 | 24301 | 24295 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193109985.SRDLC, 32.39%, 09/06/2027 (a)(j) | Lending Club | 09/08/2022 | 5363 | 5416 | 5267 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193110078.SRDLC, 20.99%, 08/31/2025 (a)(j) | Lending Club | 09/02/2022 | 1917 | 1936 | 1926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193110115.SRDLC, 20.99%, 09/07/2025 (a)(j) | Lending Club | 09/09/2022 | 2939 | 2968 | 2934 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193110233.SRDLC, 25.99%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 10008 | 10106 | 10000 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193110450.SRDLC, 32.39%, 08/30/2027 (a)(j) | Lending Club | 09/01/2022 | 5917 | 5976 | 5885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193110528.SRDLC, 26.49%, 08/31/2027 (a)(j) | Lending Club | 09/02/2022 | 9828 | 9925 | 9838 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193110550.SRDLC, 22.99%, 08/30/2025 (a)(j) | Lending Club | 09/01/2022 | 9605 | 9698 | 9623 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193120148.SRDLC, 28.99%, 08/31/2027 (a)(j) | Lending Club | 09/02/2022 | 19677 | 19873 | 19717 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193124504.SRDLC, 27.24%, 08/31/2025 (a)(j) | Lending Club | 09/02/2022 | 962 | 972 | 962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193125411.SRDLC, 21.49%, 08/31/2025 (a)(j) | Lending Club | 09/02/2022 | 4795 | 4841 | 4816 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193127470.SRDLC, 30.99%, 09/08/2025 (a)(j) | Lending Club | 09/12/2022 | 7863 | 7939 | 7748 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193131853.SRDLC, 26.74%, 08/31/2025 (a)(j) | Lending Club | 09/02/2022 | 5772 | 5828 | 5771 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193132810.SRDLC, 24.49%, 08/31/2027 (a)(j) | Lending Club | 09/02/2022 | 9425 | 9518 | 9436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193133751.SRDLC, 30.99%, 08/31/2025 (a)(j) | Lending Club | 09/02/2022 | 964 | 974 | 961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193133835.SRDLC, 18.49%, 09/01/2025 (a)(j) | Lending Club | 09/06/2022 | 9790 | 9696 | 9644 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193136922.SRDLC, 25.99%, 08/31/2025 (a)(j) | Lending Club | 09/02/2022 | 5770 | 5826 | 5768 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193139838.SRDLC, 13.99%, 09/01/2025 (a)(j) | Lending Club | 09/06/2022 | 2346 | 2323 | 2326 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193147466.SRDLC, 23.99%, 09/15/2027 (a)(j) | Lending Club | 09/06/2022 | 30902 | 30597 | 30304 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193150159.SRDLC, 30.99%, 08/31/2025 (a)(j) | Lending Club | 09/02/2022 | 2314 | 2337 | 2307 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193169674.SRDLC, 9.34%, 09/15/2025 (a)(j) | Lending Club | 09/08/2022 | 23280 | 23058 | 23224 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193178019.SRDLC, 28.24%, 09/02/2025 (a)(j) | Lending Club | 09/07/2022 | 9820 | 9915 | 9703 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193178153.SRDLC, 9.59%, 09/07/2027 (a)(j) | Lending Club | 09/09/2022 | 17765 | 17591 | 17674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193178177.SRDLC, 17.19%, 09/06/2027 (a)(j) | Lending Club | 09/08/2022 | 28692 | 28410 | 28382 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193184149.SRDLC, 18.99%, 09/21/2025 (a)(j) | Lending Club | 09/08/2022 | 4834 | 4881 | 4837 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193185229.SRDLC, 30.99%, 09/07/2027 (a)(j) | Lending Club | 09/09/2022 | 7943 | 8021 | 7806 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193207659.SRDLC, 15.99%, 09/06/2025 (a)(j) | Lending Club | 09/08/2022 | 9782 | 9688 | 9674 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193213965.SRDLC, 26.99%, 09/22/2025 (a)(j) | Lending Club | 09/26/2022 | 7043 | 7112 | 7023 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193220599.SRDLC, 18.49%, 09/20/2025 (a)(j) | Lending Club | 09/08/2022 | 14793 | 14652 | 14695 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193225539.SRDLC, 32.39%, 09/02/2027 (a)(j) | Lending Club | 09/07/2022 | 9261 | 9352 | 9090 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193234903.SRDLC, 26.49%, 09/07/2025 (a)(j) | Lending Club | 09/09/2022 | 24538 | 24300 | 24134 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193239193.SRDLC, 20.49%, 09/09/2027 (a)(j) | Lending Club | 09/13/2022 | 13864 | 13728 | 13686 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193242762.SRDLC, 17.74%, 09/06/2025 (a)(j) | Lending Club | 09/08/2022 | 16150 | 15994 | 15970 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193242817.SRDLC, 15.99%, 09/06/2025 (a)(j) | Lending Club | 09/08/2022 | 7899 | 7823 | 7812 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193245917.SRDLC, 15.99%, 09/12/2025 (a)(j) | Lending Club | 09/14/2022 | 7043 | 6975 | 6974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193251486.SRDLC, 27.74%, 09/06/2025 (a)(j) | Lending Club | 09/08/2022 | 7855 | 7931 | 7766 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193266605.SRDLC, 32.39%, 09/06/2027 (a)(j) | Lending Club | 09/08/2022 | 19328 | 19137 | 18965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193269795.SRDLC, 16.49%, 09/12/2027 (a)(j) | Lending Club | 09/14/2022 | 39567 | 39177 | 39189 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193273526.SRDLC, 25.99%, 09/07/2025 (a)(j)(k) | Lending Club | 09/09/2022 | 4000 | 4010 | 1629 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193278182.SRDLC, 9.34%, 09/08/2025 (a)(j) | Lending Club | 09/12/2022 | 9758 | 9665 | 9712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193279016.SRDLC, 9.59%, 09/02/2025 (a)(j) | Lending Club | 09/16/2022 | 7319 | 7249 | 7287 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193287070.SRDLC, 18.19%, 09/11/2026 (a)(j) | Lending Club | 09/08/2022 | 2471 | 2446 | 2454 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193294673.SRDLC, 20.44%, 09/20/2027 (a)(j) | Lending Club | 09/08/2022 | 14974 | 14828 | 14874 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193299553.SRDLC, 30.99%, 09/06/2025 (a)(j) | Lending Club | 09/08/2022 | 2457 | 2481 | 2416 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193299697.SRDLC, 13.99%, 09/07/2025 (a)(j) | Lending Club | 09/09/2022 | 5474 | 5421 | 5429 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193306364.SRDLC, 20.99%, 09/06/2025 (a)(j) | Lending Club | 09/08/2022 | 954 | 963 | 951 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193309315.SRDLC, 15.99%, 09/06/2025 (a)(j) | Lending Club | 09/08/2022 | 7825 | 7750 | 7739 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193322974.SRDLC, 31.74%, 09/07/2027 (a)(j) | Lending Club | 09/09/2022 | 7150 | 7220 | 7026 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193325911.SRDLC, 25.49%, 09/20/2027 (a)(j) | Lending Club | 09/22/2022 | 27765 | 27490 | 27386 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193330226.SRDLC, 24.24%, 09/08/2027 (a)(j) | Lending Club | 09/12/2022 | 9913 | 9815 | 9742 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193330824.SRDLC, 22.74%, 10/11/2027 (a)(j) | Lending Club | 10/13/2022 | 14114 | 13974 | 14013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193333795.SRDLC, 25.99%, 09/08/2025 (a)(j) | Lending Club | 09/12/2022 | 4907 | 4954 | 4866 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**75** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 193337389.SRDLC, 15.99%, 09/15/2025 (a)(j) | Lending Club | 09/09/2022 | $4909 | $4862 | $4884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193341840.SRDLC, 32.39%, 09/27/2027 (a)(j) | Lending Club | 09/29/2022 | 14897 | 15045 | 14802 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193343769.SRDLC, 18.24%, 09/22/2025 (a)(j) | Lending Club | 09/15/2022 | 1819 | 1837 | 1827 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193345355.SRDLC, 32.39%, 09/12/2027 (a)(j) | Lending Club | 09/14/2022 | 9932 | 10030 | 9786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193347562.SRDLC, 18.24%, 09/09/2025 (a)(j) | Lending Club | 09/13/2022 | 14097 | 14232 | 14116 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193348242.SRDLC, 25.49%, 09/07/2027 (a)(j) | Lending Club | 09/09/2022 | 7933 | 8011 | 7865 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193355104.SRDLC, 10.79%, 09/19/2025 (a)(j) | Lending Club | 09/21/2022 | 34172 | 33841 | 34037 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193357114.SRDLC, 13.19%, 09/22/2025 (a)(j) | Lending Club | 09/12/2022 | 14735 | 14594 | 14659 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193359361.SRDLC, 24.24%, 09/09/2025 (a)(j) | Lending Club | 09/13/2022 | 1692 | 1676 | 1667 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193363726.SRDLC, 27.99%, 09/16/2024 (a)(j) | Lending Club | 09/20/2022 | 9684 | 9777 | 9647 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193378827.SRDLC, 15.99%, 09/12/2025 (a)(j) | Lending Club | 09/14/2022 | 18585 | 18406 | 18509 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193390533.SRDLC, 30.99%, 09/04/2027 (a)(j) | Lending Club | 09/14/2022 | 6212 | 6273 | 6120 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193392016.SRDLC, 9.59%, 09/09/2025 (a)(j) | Lending Club | 09/13/2022 | 4880 | 4833 | 4857 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193392433.SRDLC, 21.49%, 09/08/2025 (a)(j) | Lending Club | 09/12/2022 | 4900 | 4947 | 4894 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193397249.SRDLC, 25.24%, 09/09/2025 (a)(j) | Lending Club | 09/13/2022 | 16679 | 16517 | 16428 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193401898.SRDLC, 28.99%, 09/12/2025 (a)(j) | Lending Club | 09/14/2022 | 6557 | 6493 | 6459 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193402913.SRDLC, 26.49%, 09/16/2025 (a)(j) | Lending Club | 09/20/2022 | 4908 | 4860 | 4845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193405242.SRDLC, 24.49%, 09/22/2025 (a)(j) | Lending Club | 09/27/2022 | 3725 | 3688 | 3687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193406936.SRDLC, 13.74%, 09/21/2025 (a)(j)(k) | Lending Club | 09/23/2022 | 23561 | 23332 | 23450 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193409636.SRDLC, 17.69%, 09/12/2025 (a)(j) | Lending Club | 09/14/2022 | 10766 | 10662 | 10660 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193413820.SRDLC, 32.39%, 10/25/2027 (a)(j) | Lending Club | 09/13/2022 | 4866 | 4914 | 4828 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193420709.SRDLC, 31.49%, 09/14/2027 (a)(j)(k) | Lending Club | 09/16/2022 | 20000 | 19800 | 8213 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193423497.SRDLC, 30.49%, 09/09/2027 (a)(j) | Lending Club | 09/13/2022 | 7942 | 8020 | 7823 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193424832.SRDLC, 15.44%, 09/20/2025 (a)(j) | Lending Club | 09/20/2022 | 14696 | 14553 | 14643 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193427219.SRDLC, 28.99%, 09/21/2025 (a)(j) | Lending Club | 09/23/2022 | 19645 | 19453 | 19415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193427934.SRDLC, 22.99%, 09/09/2025 (a)(j) | Lending Club | 09/13/2022 | 14294 | 14431 | 14216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193432417.SRDLC, 13.69%, 09/15/2025 (a)(j) | Lending Club | 09/14/2022 | 39141 | 38764 | 39006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193440200.SRDLC, 26.24%, 09/20/2025 (a)(j) | Lending Club | 09/20/2022 | 1573 | 1588 | 1572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193441057.SRDLC, 32.39%, 09/20/2027 (a)(j) | Lending Club | 09/14/2022 | 8000 | 8079 | 7956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193442527.SRDLC, 25.99%, 09/12/2025 (a)(j) | Lending Club | 09/14/2022 | 2944 | 2973 | 2922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193469852.SRDLC, 14.54%, 09/12/2025 (a)(j) | Lending Club | 09/14/2022 | 2346 | 2369 | 2351 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193490277.SRDLC, 25.99%, 09/12/2025 (a)(j) | Lending Club | 09/14/2022 | 1178 | 1189 | 1169 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193491097.SRDLC, 25.49%, 09/12/2027 (a)(j) | Lending Club | 09/14/2022 | 5950 | 6008 | 5911 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193495324.SRDLC, 25.99%, 09/12/2025 (a)(j) | Lending Club | 09/14/2022 | 7066 | 7134 | 7013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193497771.SRDLC, 22.49%, 09/14/2027 (a)(j) | Lending Club | 09/16/2022 | 29725 | 29432 | 29262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193502349.SRDLC, 21.99%, 09/14/2025 (a)(j) | Lending Club | 09/16/2022 | 7057 | 7125 | 7035 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193508769.SRDLC, 32.39%, 09/19/2027 (a)(j) | Lending Club | 09/21/2022 | 19863 | 19666 | 19576 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193510744.SRDLC, 14.69%, 09/12/2025 (a)(j) | Lending Club | 09/14/2022 | 23465 | 23239 | 23292 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193514957.SRDLC, 24.99%, 09/15/2027 (a)(j) | Lending Club | 09/19/2022 | 31529 | 31217 | 31064 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193515056.SRDLC, 18.99%, 09/13/2025 (a)(j) | Lending Club | 09/15/2022 | 7833 | 7909 | 7848 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193519115.SRDLC, 30.99%, 09/14/2025 (a)(j) | Lending Club | 09/14/2022 | 4923 | 4971 | 4908 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193521654.SRDLC, 29.49%, 09/13/2027 (a)(j) | Lending Club | 09/15/2022 | 12407 | 12284 | 12203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193525822.SRDLC, 20.49%, 09/20/2025 (a)(j) | Lending Club | 09/22/2022 | 4115 | 4074 | 4072 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193542597.SRDLC, 23.49%, 09/13/2025 (a)(j) | Lending Club | 09/15/2022 | 24515 | 24753 | 24426 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193543089.SRDLC, 25.19%, 09/27/2027 (a)(j) | Lending Club | 09/29/2022 | 10312 | 10210 | 10197 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193565598.SRDLC, 15.99%, 09/16/2025 (a)(j) | Lending Club | 09/20/2022 | 2935 | 2906 | 2910 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193582949.SRDLC, 18.49%, 09/16/2025 (a)(j) | Lending Club | 09/20/2022 | 31157 | 30854 | 30818 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193602909.SRDLC, 24.49%, 09/15/2027 (a)(j) | Lending Club | 09/19/2022 | 8922 | 9010 | 8884 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193605192.SRDLC, 25.24%, 09/14/2025 (a)(j) | Lending Club | 09/16/2022 | 2453 | 2477 | 2436 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193605222.SRDLC, 9.59%, 09/28/2025 (a)(j) | Lending Club | 09/20/2022 | 3900 | 3863 | 3881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193612173.SRDLC, 10.79%, 09/19/2025 (a)(j) | Lending Club | 09/21/2022 | 6832 | 6766 | 6805 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193639194.SRDLC, 20.49%, 09/19/2027 (a)(j) | Lending Club | 09/21/2022 | 9903 | 9805 | 9797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193640201.SRDLC, 32.39%, 09/19/2027 (a)(j)(k) | Lending Club | 09/21/2022 | 16863 | 16694 | 16673 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193645928.SRDLC, 19.49%, 09/01/2027 (a)(j) | Lending Club | 09/20/2022 | 4910 | 4958 | 4926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193662673.SRDLC, 15.99%, 09/19/2025 (a)(j) | Lending Club | 09/21/2022 | 6236 | 6175 | 6185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193675991.SRDLC, 22.49%, 09/20/2027 (a)(j) | Lending Club | 09/22/2022 | 15457 | 15304 | 15249 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193689839.SRDLC, 30.99%, 09/19/2025 (a)(j) | Lending Club | 09/21/2022 | 3931 | 3970 | 3894 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**76** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 193693368.SRDLC, 19.99%, 09/23/2025 (a)(j) | Lending Club | 09/27/2022 | $3526 | $3561 | $3537 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193696796.SRDLC, 32.39%, 09/16/2027 (a)(j) | Lending Club | 09/20/2022 | 19863 | 20059 | 19639 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193700025.SRDLC, 24.94%, 09/22/2025 (a)(j) | Lending Club | 09/21/2022 | 1966 | 1947 | 1956 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193704775.SRDLC, 20.99%, 10/07/2027 (a)(j) | Lending Club | 10/12/2022 | 10000 | 10025 | 10038 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193706748.SRDLC, 26.74%, 09/19/2025 (a)(j) | Lending Club | 09/21/2022 | 3239 | 3271 | 3222 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193709519.SRDLC, 9.09%, 09/23/2025 (a)(j) | Lending Club | 09/27/2022 | 4781 | 4735 | 4765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193712658.SRDLC, 29.74%, 09/26/2025 (a)(j) | Lending Club | 09/28/2022 | 5895 | 5953 | 5863 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193717551.SRDLC, 21.99%, 09/27/2025 (a)(j)(k) | Lending Club | 09/29/2022 | 5000 | 5049 | 5007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193719168.SRDLC, 22.49%, 09/19/2027 (a)(j) | Lending Club | 09/21/2022 | 9908 | 9810 | 9772 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193719963.SRDLC, 25.99%, 09/26/2025 (a)(j) | Lending Club | 09/28/2022 | 5888 | 5831 | 5831 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193722521.SRDLC, 30.99%, 09/23/2027 (a)(j) | Lending Club | 09/27/2022 | 24275 | 24515 | 24098 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193741451.SRDLC, 29.99%, 09/27/2025 (a)(j) | Lending Club | 09/29/2022 | 3439 | 3473 | 3422 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193755232.SRDLC, 20.49%, 09/21/2027 (a)(j) | Lending Club | 09/23/2022 | 23272 | 23042 | 23036 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193804618.SRDLC, 15.99%, 09/22/2025 (a)(j) | Lending Club | 09/26/2022 | 19563 | 19373 | 19423 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193814373.SRDLC, 30.99%, 09/21/2025 (a)(j) | Lending Club | 09/23/2022 | 3243 | 3275 | 3216 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193823411.SRDLC, 30.99%, 09/22/2025 (a)(j) | Lending Club | 09/26/2022 | 9435 | 9527 | 9373 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193838030.SRDLC, 24.99%, 10/05/2027 (a)(j) | Lending Club | 10/07/2022 | 35000 | 34652 | 34666 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193845623.SRDLC, 20.24%, 09/30/2027 (a)(j) | Lending Club | 09/28/2022 | 9434 | 9340 | 9344 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193847911.SRDLC, 20.19%, 09/23/2025 (a)(j) | Lending Club | 09/27/2022 | 4898 | 4850 | 4854 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193864910.SRDLC, 12.69%, 09/26/2025 (a)(j) | Lending Club | 09/28/2022 | 19541 | 19350 | 19441 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193886437.SRDLC, 9.34%, 09/26/2025 (a)(j) | Lending Club | 09/28/2022 | 4586 | 4542 | 4572 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193891725.SRDLC, 14.19%, 09/29/2027 (a)(j) | Lending Club | 10/03/2022 | 29654 | 29359 | 29640 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193897869.SRDLC, 23.49%, 09/26/2027 (a)(j) | Lending Club | 09/28/2022 | 14857 | 14709 | 14687 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193900889.SRDLC, 22.49%, 09/26/2027 (a)(j) | Lending Club | 09/28/2022 | 20213 | 20013 | 19984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193904883.SRDLC, 30.99%, 09/23/2025 (a)(j) | Lending Club | 09/27/2022 | 2948 | 2977 | 2931 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193919332.SRDLC, 30.99%, 10/17/2025 (a)(j) | Lending Club | 10/19/2022 | 13200 | 13069 | 13126 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193924458.SRDLC, 16.94%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 2500 | 2475 | 2489 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193925110.SRDLC, 19.19%, 09/26/2025 (a)(j) | Lending Club | 09/28/2022 | 2265 | 2243 | 2246 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193926621.SRDLC, 23.5531%, 09/27/2025 (a)(j) | Lending Club | 09/29/2022 | 2147 | 2168 | 2150 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193931676.SRDLC, 30.74%, 09/27/2025 (a)(j) | Lending Club | 09/29/2022 | 3931 | 3970 | 3912 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193939471.SRDLC, 32.39%, 10/06/2027 (a)(j) | Lending Club | 10/11/2022 | 6500 | 6516 | 6487 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193940880.SRDLC, 22.49%, 09/26/2027 (a)(j) | Lending Club | 09/28/2022 | 19817 | 19621 | 19592 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193944455.SRDLC, 24.99%, 10/06/2025 (a)(j)(k) | Lending Club | 09/28/2022 | 3300 | 3332 | 3285 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193956137.SRDLC, 24.99%, 10/20/2027 (a)(j) | Lending Club | 10/07/2022 | 25000 | 25062 | 24822 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193966041.SRDLC, 21.0119%, 09/26/2025 (a)(j) | Lending Club | 09/28/2022 | 5322 | 5373 | 5336 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193967656.SRDLC, 23.99%, 09/26/2025 (a)(j) | Lending Club | 09/28/2022 | 981 | 971 | 971 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193968510.SRDLC, 25.99%, 09/26/2025 (a)(j) | Lending Club | 09/28/2022 | 5888 | 5946 | 5877 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193976442.SRDLC, 29.99%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 10000 | 10025 | 10061 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193981563.SRDLC, 25.49%, 09/26/2027 (a)(j) | Lending Club | 09/28/2022 | 8627 | 8541 | 8528 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193986752.SRDLC, 30.99%, 09/26/2025 (a)(j) | Lending Club | 09/28/2022 | 11794 | 11909 | 11729 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193990313.SRDLC, 27.99%, 09/26/2025 (a)(j) | Lending Club | 09/28/2022 | 4910 | 4958 | 4900 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193993362.SRDLC, 23.99%, 09/26/2027 (a)(j) | Lending Club | 09/28/2022 | 15364 | 15516 | 15381 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193996097.SRDLC, 22.99%, 09/26/2025 (a)(j) | Lending Club | 09/28/2022 | 3504 | 3538 | 3507 |
| &nbsp;&nbsp;&nbsp;&nbsp; 193997666.SRDLC, 32.39%, 10/04/2027 (a)(j) | Lending Club | 10/06/2022 | 15000 | 14851 | 14845 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194006210.SRDLC, 19.99%, 10/04/2027 (a)(j) | Lending Club | 10/06/2022 | 18000 | 17821 | 17867 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194026974.SRDLC, 27.99%, 09/27/2025 (a)(j) | Lending Club | 09/29/2022 | 2455 | 2479 | 2451 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194027078.SRDLC, 29.99%, 10/04/2025 (a)(j) | Lending Club | 10/06/2022 | 1466 | 1470 | 1456 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194031497.SRDLC, 24.74%, 09/28/2027 (a)(j) | Lending Club | 09/30/2022 | 9518 | 9422 | 9415 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194038788.SRDLC, 20.99%, 09/27/2025 (a)(j) | Lending Club | 09/29/2022 | 3429 | 3463 | 3442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194040422.SRDLC, 20.99%, 09/27/2025 (a)(j) | Lending Club | 09/29/2022 | 3429 | 3463 | 3442 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194040492.SRDLC, 26.24%, 09/27/2025 (a)(j) | Lending Club | 09/29/2022 | 2944 | 2973 | 2940 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194041243.SRDLC, 21.99%, 09/27/2025 (a)(j) | Lending Club | 09/29/2022 | 14105 | 14243 | 14124 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194042196.SRDLC, 22.99%, 09/27/2025 (a)(j) | Lending Club | 09/29/2022 | 5883 | 5940 | 5890 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194051376.SRDLC, 13.19%, 10/06/2027 (a)(j) | Lending Club | 10/11/2022 | 30000 | 29702 | 29891 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194051674.SRDLC, 15.99%, 09/28/2025 (a)(j) | Lending Club | 09/30/2022 | 4891 | 4843 | 4860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194056709.SRDLC, 10.7907%, 09/28/2025 (a)(j) | Lending Club | 09/30/2022 | 10740 | 10635 | 10706 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194059679.SRDLC, 24.74%, 10/12/2027 (a)(j) | Lending Club | 10/14/2022 | 15250 | 15098 | 15142 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**77** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 194060212.SRDLC, 25.49%, 09/28/2025 (a)(j) | Lending Club | 09/30/2022 | $234 | $232 | $236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194073006.SRDLC, 25.99%, 09/29/2027 (a)(j) | Lending Club | 10/03/2022 | 6446 | 6382 | 6443 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194120451.SRDLC, 27.99%, 10/06/2025 (a)(j) | Lending Club | 10/11/2022 | 13200 | 13069 | 13091 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194126374.SRDLC, 21.49%, 10/21/2025 (a)(j) | Lending Club | 10/25/2022 | 25000 | 25062 | 25185 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194126529.SRDLC, 28.99%, 10/18/2027 (a)(j) | Lending Club | 10/20/2022 | 6000 | 5940 | 5969 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194127079.SRDLC, 30.99%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 4000 | 4010 | 4024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194158910.SRDLC, 16.49%, 10/19/2027 (a)(j) | Lending Club | 10/06/2022 | 13600 | 13465 | 13486 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194170547.SRDLC, 22.49%, 10/13/2025 (a)(j) | Lending Club | 10/17/2022 | 20000 | 20049 | 20086 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194180396.SRDLC, 28.99%, 10/21/2025 (a)(j) | Lending Club | 10/25/2022 | 3300 | 3267 | 3289 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194213087.SRDLC, 13.99%, 10/04/2025 (a)(j) | Lending Club | 10/06/2022 | 17600 | 17427 | 17521 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194214694.SRDLC, 28.99%, 10/11/2024 (a)(j) | Lending Club | 10/13/2022 | 3900 | 3910 | 3901 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194236594.SRDLC, 24.94%, 10/05/2025 (a)(j) | Lending Club | 10/07/2022 | 11000 | 10892 | 10897 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194249857.SRDLC, 30.99%, 10/05/2027 (a)(j) | Lending Club | 10/07/2022 | 12000 | 11880 | 11881 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194256083.SRDLC, 26.49%, 10/04/2026 (a)(j) | Lending Club | 10/06/2022 | 8400 | 8421 | 8389 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194264252.SRDLC, 25.44%, 10/12/2027 (a)(j) | Lending Club | 10/14/2022 | 11500 | 11385 | 11418 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194266501.SRDLC, 30.99%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 5000 | 5012 | 4994 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194268458.SRDLC, 32.39%, 10/25/2027 (a)(j) | Lending Club | 10/27/2022 | 15000 | 15037 | 15099 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194279737.SRDLC, 19.24%, 10/04/2026 (a)(j) | Lending Club | 10/06/2022 | 9828 | 9851 | 9846 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194284598.SRDLC, 24.49%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 4800 | 4753 | 4765 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194290005.SRDLC, 32.39%, 10/14/2027 (a)(j) | Lending Club | 10/18/2022 | 10000 | 10025 | 10018 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194304143.SRDLC, 16.49%, 10/06/2027 (a)(j) | Lending Club | 10/11/2022 | 12000 | 11881 | 11943 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194324741.SRDLC, 32.39%, 10/06/2027 (a)(j) | Lending Club | 10/11/2022 | 20000 | 20049 | 19959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194326877.SRDLC, 27.24%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 12000 | 12030 | 12007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194361599.SRDLC, 29.49%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 5000 | 4950 | 4962 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194363819.SRDLC, 30.99%, 10/07/2025 (a)(j) | Lending Club | 10/12/2022 | 5000 | 5012 | 4991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194379768.SRDLC, 14.74%, 10/11/2024 (a)(j) | Lending Club | 10/13/2022 | 10000 | 10024 | 10054 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194384363.SRDLC, 25.19%, 10/13/2027 (a)(j) | Lending Club | 10/17/2022 | 19000 | 18811 | 18885 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194389212.SRDLC, 32.39%, 10/11/2027 (a)(j) | Lending Club | 10/13/2022 | 14722 | 14575 | 14612 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194389850.SRDLC, 22.99%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 10000 | 10025 | 10029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194389865.SRDLC, 10.7907%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 3500 | 3466 | 3492 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194405751.SRDLC, 16.49%, 10/11/2027 (a)(j) | Lending Club | 10/13/2022 | 14000 | 13861 | 13939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194412809.SRDLC, 25.99%, 10/14/2025 (a)(j) | Lending Club | 10/18/2022 | 3000 | 2970 | 2983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194413447.SRDLC, 9.34%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 15000 | 14852 | 14968 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194423465.SRDLC, 13.49%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 25000 | 24753 | 24915 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194424781.SRDLC, 18.49%, 10/21/2024 (a)(j) | Lending Club | 10/25/2022 | 7000 | 7017 | 7055 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194430048.SRDLC, 15.19%, 10/14/2025 (a)(j) | Lending Club | 10/18/2022 | 10000 | 9901 | 9966 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194431904.SRDLC, 24.49%, 10/11/2027 (a)(j) | Lending Club | 10/13/2022 | 10000 | 9900 | 9926 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194435800.SRDLC, 15.99%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 30000 | 29704 | 29864 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194435945.SRDLC, 16.99%, 10/18/2025 (a)(j) | Lending Club | 10/20/2022 | 3000 | 3007 | 3021 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194453547.SRDLC, 19.99%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 3000 | 3007 | 3012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194455826.SRDLC, 21.24%, 10/11/2027 (a)(j) | Lending Club | 10/13/2022 | 20000 | 19801 | 19856 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194459017.SRDLC, 23.99%, 10/11/2027 (a)(j) | Lending Club | 10/13/2022 | 25000 | 25062 | 25057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194463123.SRDLC, 13.24%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 23000 | 22773 | 22922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194468013.SRDLC, 25.99%, 10/11/2024 (a)(j) | Lending Club | 10/13/2022 | 3500 | 3509 | 3506 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194474327.SRDLC, 16.49%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 25000 | 24753 | 24886 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194484669.SRDLC, 20.99%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 2500 | 2506 | 2510 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194493592.SRDLC, 24.49%, 10/13/2025 (a)(j) | Lending Club | 10/17/2022 | 18000 | 17821 | 17893 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194512371.SRDLC, 29.49%, 10/18/2025 (a)(j) | Lending Club | 10/20/2022 | 4750 | 4703 | 4725 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194514223.SRDLC, 20.49%, 10/17/2027 (a)(j) | Lending Club | 10/19/2022 | 34342 | 33999 | 34203 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194515534.SRDLC, 7.09%, 10/14/2025 (a)(j) | Lending Club | 10/18/2022 | 18000 | 17822 | 17982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194519707.SRDLC, 24.74%, 10/12/2024 (a)(j) | Lending Club | 10/14/2022 | 6000 | 6015 | 6013 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194524820.SRDLC, 20.49%, 10/17/2025 (a)(j) | Lending Club | 10/19/2022 | 2000 | 2005 | 2012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194532233.SRDLC, 30.99%, 10/11/2025 (a)(j) | Lending Club | 10/13/2022 | 2400 | 2406 | 2397 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194534657.SRDLC, 15.49%, 10/14/2025 (a)(j) | Lending Club | 10/18/2022 | 6000 | 5941 | 5979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194535055.SRDLC, 22.74%, 10/20/2027 (a)(j) | Lending Club | 10/24/2022 | 16000 | 15840 | 15945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194535429.SRDLC, 24.49%, 10/19/2027 (a)(j) | Lending Club | 10/21/2022 | 9000 | 8910 | 8959 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194546895.SRDLC, 7.59%, 10/17/2025 (a)(j) | Lending Club | 10/19/2022 | 7500 | 7426 | 7493 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**78** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 194547766.SRDLC, 15.99%, 10/12/2025 (a)(j) | Lending Club | 10/14/2022 | $7700 | $7719 | $7745 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194563879.SRDLC, 26.49%, 10/12/2027 (a)(j) | Lending Club | 10/14/2022 | 16000 | 16040 | 16029 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194567488.SRDLC, 24.49%, 10/20/2027 (a)(j) | Lending Club | 10/24/2022 | 15000 | 14850 | 14947 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194576339.SRDLC, 24.49%, 10/21/2027 (a)(j) | Lending Club | 10/25/2022 | 35000 | 34650 | 34889 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194584482.SRDLC, 25.99%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 7200 | 7128 | 7179 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194585024.SRDLC, 23.99%, 10/17/2027 (a)(j) | Lending Club | 10/19/2022 | 5000 | 4950 | 4974 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194587361.SRDLC, 28.99%, 10/19/2027 (a)(j) | Lending Club | 10/21/2022 | 5000 | 4950 | 4976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194592145.SRDLC, 25.24%, 10/13/2024 (a)(j) | Lending Club | 10/17/2022 | 6000 | 6015 | 6020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194593499.SRDLC, 28.99%, 10/17/2025 (a)(j) | Lending Club | 10/19/2022 | 3600 | 3564 | 3580 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194595358.SRDLC, 17.94%, 10/19/2025 (a)(j) | Lending Club | 10/21/2022 | 6000 | 5940 | 5982 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194604649.SRDLC, 28.99%, 10/17/2027 (a)(j) | Lending Club | 10/19/2022 | 4800 | 4752 | 4773 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194611665.SRDLC, 12.69%, 10/17/2027 (a)(j) | Lending Club | 10/19/2022 | 21000 | 20791 | 20950 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194613803.SRDLC, 13.99%, 10/17/2025 (a)(j) | Lending Club | 10/19/2022 | 7500 | 7426 | 7481 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194621068.SRDLC, 28.99%, 10/18/2024 (a)(j) | Lending Club | 10/20/2022 | 2000 | 2005 | 2007 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194632029.SRDLC, 27.49%, 10/25/2025 (a)(j) | Lending Club | 10/27/2022 | 8000 | 8020 | 8057 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194633979.SRDLC, 10.79%, 10/17/2025 (a)(j) | Lending Club | 10/19/2022 | 8800 | 8713 | 8786 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194641816.SRDLC, 31.89%, 10/14/2026 (a)(j) | Lending Club | 10/18/2022 | 9265 | 9287 | 9262 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194642494.SRDLC, 22.49%, 10/17/2025 (a)(j) | Lending Club | 10/19/2022 | 12000 | 11881 | 11939 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194658217.SRDLC, 28.99%, 10/25/2025 (a)(j) | Lending Club | 10/27/2022 | 9600 | 9504 | 9574 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194661580.SRDLC, 24.99%, 10/18/2025 (a)(j) | Lending Club | 10/20/2022 | 35000 | 34652 | 34829 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194662189.SRDLC, 26.99%, 10/17/2025 (a)(j) | Lending Club | 10/19/2022 | 5000 | 5012 | 5017 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194678308.SRDLC, 22.49%, 10/17/2027 (a)(j) | Lending Club | 10/19/2022 | 15000 | 14851 | 14923 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194680285.SRDLC, 32.39%, 10/17/2027 (a)(j) | Lending Club | 10/19/2022 | 15000 | 15037 | 15033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194686661.SRDLC, 31.89%, 10/17/2026 (a)(j) | Lending Club | 10/19/2022 | 1500 | 1504 | 1503 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194699714.SRDLC, 26.49%, 10/17/2025 (a)(j) | Lending Club | 10/19/2022 | 3000 | 2970 | 2984 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194709610.SRDLC, 14.99%, 10/18/2027 (a)(j) | Lending Club | 10/20/2022 | 15000 | 14851 | 14965 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194714833.SRDLC, 22.0109%, 10/04/2027 (a)(j) | Lending Club | 10/19/2022 | 8000 | 8020 | 8074 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194725208.SRDLC, 20.2517%, 10/17/2027 (a)(j) | Lending Club | 10/19/2022 | 8000 | 8020 | 8047 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194732348.SRDLC, 16.99%, 10/18/2024 (a)(j) | Lending Club | 10/20/2022 | 6000 | 6015 | 6041 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194742954.SRDLC, 23.74%, 10/18/2025 (a)(j) | Lending Club | 10/20/2022 | 12000 | 12030 | 12063 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194747543.SRDLC, 28.99%, 10/19/2027 (a)(j) | Lending Club | 10/21/2022 | 1818 | 1800 | 1809 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194750419.SRDLC, 21.49%, 10/18/2025 (a)(j) | Lending Club | 10/20/2022 | 4000 | 4010 | 4024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194752828.SRDLC, 18.99%, 10/18/2024 (a)(j) | Lending Club | 10/20/2022 | 2350 | 2356 | 2366 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194755673.SRDLC, 24.49%, 10/19/2027 (a)(j) | Lending Club | 10/21/2022 | 6000 | 5940 | 5973 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194763161.SRDLC, 18.99%, 10/18/2025 (a)(j) | Lending Club | 10/20/2022 | 5200 | 5213 | 5236 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194767039.SRDLC, 30.99%, 10/20/2027 (a)(j) | Lending Club | 10/24/2022 | 16000 | 15840 | 15937 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194773712.SRDLC, 25.99%, 10/21/2024 (a)(j) | Lending Club | 10/25/2022 | 10000 | 10025 | 10066 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194778572.SRDLC, 15.99%, 10/25/2025 (a)(j) | Lending Club | 10/27/2022 | 1800 | 1782 | 1797 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194780861.SRDLC, 16.49%, 10/21/2027 (a)(j) | Lending Club | 10/25/2022 | 12000 | 11880 | 11977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194787858.SRDLC, 19.69%, 10/20/2025 (a)(j) | Lending Club | 10/24/2022 | 3500 | 3465 | 3490 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194840160.SRDLC, 15.99%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 22000 | 21781 | 21961 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194843857.SRDLC, 31.49%, 10/26/2026 (a)(j) | Lending Club | 10/28/2022 | 1200 | 1203 | 1209 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194847279.SRDLC, 28.99%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 4800 | 4752 | 4785 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194870858.SRDLC, 30.99%, 10/25/2027 (a)(j) | Lending Club | 10/27/2022 | 20000 | 19800 | 19944 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194871645.SRDLC, 10.99%, 10/15/2027 (a)(j) | Lending Club | 10/26/2022 | 18000 | 17820 | 17991 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194874645.SRDLC, 20.24%, 11/05/2025 (a)(j) | Lending Club | 10/27/2022 | 5400 | 5346 | 5417 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194880827.SRDLC, 19.49%, 10/24/2027 (a)(j) | Lending Club | 10/26/2022 | 7000 | 6930 | 6985 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194884506.SRDLC, 22.99%, 10/24/2026 (a)(j) | Lending Club | 10/26/2022 | 8000 | 7920 | 7979 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194888757.SRDLC, 30.99%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 4000 | 4010 | 4024 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194899015.SRDLC, 25.49%, 10/24/2027 (a)(j) | Lending Club | 10/26/2022 | 19550 | 19355 | 19494 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194913501.SRDLC, 14.69%, 10/24/2027 (a)(j) | Lending Club | 10/26/2022 | 12000 | 11880 | 11983 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194921212.SRDLC, 27.49%, 10/27/2027 (a)(j) | Lending Club | 10/31/2022 | 12000 | 12030 | 12030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194921409.SRDLC, 30.49%, 10/26/2027 (a)(j) | Lending Club | 10/28/2022 | 8400 | 8421 | 8461 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194927100.SRDLC, 27.99%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 12000 | 12030 | 12079 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194930289.SRDLC, 28.99%, 10/24/2027 (a)(j) | Lending Club | 10/26/2022 | 6000 | 6015 | 6039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194930783.SRDLC, 22.49%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 3000 | 2970 | 2992 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194941414.SRDLC, 18.89%, 10/25/2025 (a)(j) | Lending Club | 10/27/2022 | 3600 | 3564 | 3593 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**79** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; 194945403.SRDLC, 19.69%, 10/24/2027 (a)(j) | Lending Club | 10/26/2022 | $20000 | $19800 | $19957 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194954645.SRDLC, 25.49%, 10/24/2027 (a)(j) | Lending Club | 10/26/2022 | 8500 | 8521 | 8559 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194956587.SRDLC, 20.74%, 10/27/2027 (a)(j) | Lending Club | 10/31/2022 | 12000 | 11880 | 11880 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194960469.SRDLC, 15.99%, 10/25/2025 (a)(j) | Lending Club | 10/27/2022 | 16000 | 15841 | 15975 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194964122.SRDLC, 12.69%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 10000 | 9900 | 9987 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194964380.SRDLC, 11.29%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 12000 | 11881 | 11988 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194968095.SRDLC, 25.49%, 10/26/2025 (a)(j) | Lending Club | 10/28/2022 | 5000 | 5012 | 5039 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194969316.SRDLC, 24.49%, 10/24/2027 (a)(j) | Lending Club | 10/26/2022 | 16000 | 15840 | 15955 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194970414.SRDLC, 16.99%, 10/24/2024 (a)(j) | Lending Club | 10/26/2022 | 3200 | 3208 | 3226 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194974891.SRDLC, 22.74%, 10/25/2025 (a)(j) | Lending Club | 10/27/2022 | 10000 | 9900 | 9977 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194975389.SRDLC, 17.24%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 4000 | 4010 | 4033 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194975652.SRDLC, 22.24%, 10/25/2027 (a)(j) | Lending Club | 10/27/2022 | 24000 | 23760 | 23945 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194979848.SRDLC, 28.99%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 10000 | 10025 | 10065 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194981146.SRDLC, 22.24%, 10/27/2027 (a)(j) | Lending Club | 10/31/2022 | 2000 | 1980 | 1980 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194986912.SRDLC, 18.69%, 10/26/2025 (a)(j) | Lending Club | 10/28/2022 | 2400 | 2376 | 2396 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194989209.SRDLC, 14.54%, 10/26/2025 (a)(j) | Lending Club | 10/28/2022 | 10000 | 9900 | 9989 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194991138.SRDLC, 32.39%, 10/24/2027 (a)(j) | Lending Club | 10/26/2022 | 20000 | 20050 | 20121 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194991629.SRDLC, 18.19%, 10/26/2025 (a)(j) | Lending Club | 10/28/2022 | 12000 | 11880 | 11981 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194992561.SRDLC, 13.94%, 10/26/2024 (a)(j) | Lending Club | 10/28/2022 | 22000 | 21781 | 21976 |
| &nbsp;&nbsp;&nbsp;&nbsp; 194999605.SRDLC, 29.99%, 10/24/2025 (a)(j) | Lending Club | 10/26/2022 | 1000 | 1002 | 1006 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195004526.SRDLC, 11.19%, 10/27/2026 (a)(j) | Lending Club | 10/31/2022 | 14000 | 13860 | 13860 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195008403.SRDLC, 15.94%, 10/27/2027 (a)(j) | Lending Club | 10/31/2022 | 8800 | 8712 | 8712 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195013431.SRDLC, 30.99%, 10/25/2025 (a)(j) | Lending Club | 10/27/2022 | 3000 | 3007 | 3020 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195041645.SRDLC, 23.99%, 10/25/2025 (a)(j) | Lending Club | 10/27/2022 | 10000 | 10025 | 10076 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195058306.SRDLC, 17.99%, 10/27/2024 (a)(j) | Lending Club | 10/31/2022 | 6500 | 6516 | 6516 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195086153.SRDLC, 32.39%, 10/27/2027 (a)(j) | Lending Club | 10/31/2022 | 8400 | 8421 | 8421 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195096186.SRDLC, 21.99%, 10/27/2025 (a)(j) | Lending Club | 10/31/2022 | 8900 | 8922 | 8922 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195108237.SRDLC, 21.99%, 10/31/2026 (a)(j) | Lending Club | 10/31/2022 | 10000 | 10025 | 10025 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195116475.SRDLC, 25.99%, 10/27/2025 (a)(j) | Lending Club | 10/31/2022 | 7200 | 7218 | 7218 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195118376.SRDLC, 32.24%, 10/27/2027 (a)(j) | Lending Club | 10/31/2022 | 5000 | 5012 | 5012 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195123243.SRDLC, 32.39%, 10/27/2027 (a)(j) | Lending Club | 10/31/2022 | 12000 | 12030 | 12030 |
| &nbsp;&nbsp;&nbsp;&nbsp; 195136154.SRDLC, 31.24%, 10/27/2027 (a)(j) | Lending Club | 10/31/2022 | 10000 | 10025 | 10025 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3283727.SRDUP, 26.38%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 2731 | 2731 | 2706 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3283955.SRDUP, 29.56%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 3520 | 3520 | 3488 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3284922.SRDUP, 15.01%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 2529 | 2529 | 2510 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3286495.SRDUP, 27.5%, 07/25/2025 (a)(j) | Upstart | 07/28/2022 | 5674 | 5674 | 5618 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3286647.SRDUP, 29.91%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 2641 | 2641 | 2617 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3288044.SRDUP, 29.68%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 24420 | 24420 | 24079 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3289708.SRDUP, 28.36%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 27150 | 27150 | 26851 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3290212.SRDUP, 25.48%, 07/19/2025 (a)(j)(k) | Upstart | 07/22/2022 | 4880 | 4880 | 1685 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3290213.SRDUP, 20.68%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 14565 | 14565 | 14478 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3290339.SRDUP, 27.76%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 3711 | 3711 | 3675 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3290686.SRDUP, 16.05%, 07/22/2027 (a)(j)(k) | Upstart | 07/27/2022 | 9784 | 9784 | 9292 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3290870.SRDUP, 21.98%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 3791 | 3791 | 3748 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3290902.SRDUP, 11.7%, 07/18/2025 (a)(j) | Upstart | 07/21/2022 | 5580 | 5580 | 5550 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291024.SRDUP, 28.81%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 1466 | 1466 | 1452 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291081.SRDUP, 30.05%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 8118 | 8118 | 8044 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291223.SRDUP, 27.19%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 29282 | 29282 | 29005 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291237.SRDUP, 11.78%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 26769 | 26769 | 26677 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291253.SRDUP, 21.15%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 3303 | 3303 | 3272 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291332.SRDUP, 25.05%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 2729 | 2729 | 2698 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291411.SRDUP, 20.35%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 10901 | 10901 | 10802 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291414.SRDUP, 30.06%, 12/18/2027 (a)(j)(k) | Upstart | 07/21/2022 | 13120 | 13120 | 13054 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291416.SRDUP, 29.91%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 1174 | 1174 | 1162 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291496.SRDUP, 29.97%, 07/19/2027 (a)(j)(k) | Upstart | 07/22/2022 | 4800 | 4800 | 1022 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291585.SRDUP, 26.59%, 07/19/2025 (a)(j) | Upstart | 07/22/2022 | 5206 | 5206 | 5154 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291616.SRDUP, 29.92%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1467 | 1467 | 1451 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**80** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291622.SRDUP, 29.25%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | $1955 | $1955 | $1937 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291637.SRDUP, 26.46%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 4390 | 4390 | 4340 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291650.SRDUP, 21.68%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 2527 | 2527 | 2504 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291688.SRDUP, 14.61%, 07/19/2027 (a)(j)(k) | Upstart | 07/22/2022 | 11489 | 11489 | 11408 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291733.SRDUP, 28.26%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 2247 | 2247 | 2222 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291755.SRDUP, 29.95%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 9389 | 9389 | 9304 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291758.SRDUP, 24.98%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 10732 | 10732 | 10619 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291766.SRDUP, 16.88%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 48316 | 48479 | 47977 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291798.SRDUP, 22.35%, 07/19/2025 (a)(j) | Upstart | 07/22/2022 | 5265 | 5265 | 5211 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291834.SRDUP, 20.73%, 07/19/2025 (a)(j) | Upstart | 07/22/2022 | 939 | 939 | 929 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291889.SRDUP, 29.92%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 2738 | 2738 | 2714 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291896.SRDUP, 29.95%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 3999 | 3999 | 3961 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291899.SRDUP, 29.26%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 1466 | 1466 | 1450 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291905.SRDUP, 30.01%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 1564 | 1564 | 1548 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3291964.SRDUP, 12.8%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 8675 | 8675 | 8645 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292015.SRDUP, 26.59%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 8715 | 8715 | 8628 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292022.SRDUP, 29.7%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 1662 | 1662 | 1647 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292062.SRDUP, 23.7%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 9735 | 9735 | 9624 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292064.SRDUP, 29.51%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 1461 | 1461 | 1447 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292078.SRDUP, 30.05%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 2641 | 2641 | 2611 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292131.SRDUP, 14.01%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 5405 | 5405 | 5373 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292176.SRDUP, 26.96%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 14639 | 14639 | 14507 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292190.SRDUP, 28.83%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 10945 | 10945 | 10846 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292200.SRDUP, 21.62%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 3296 | 3296 | 3251 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292251.SRDUP, 20.47%, 07/19/2025 (a)(j)(k) | Upstart | 07/22/2022 | 1359 | 1359 | 1342 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292260.SRDUP, 26.73%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 15368 | 15368 | 15158 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292351.SRDUP, 27.36%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 20110 | 20110 | 19928 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292390.SRDUP, 27.39%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 2759 | 2759 | 2626 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292416.SRDUP, 29.82%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 4107 | 4107 | 4070 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292451.SRDUP, 15.45%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 3093 | 3093 | 3075 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292468.SRDUP, 13.48%, 07/19/2025 (a)(j) | Upstart | 07/22/2022 | 1863 | 1863 | 1853 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292482.SRDUP, 28.56%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 5862 | 5862 | 5809 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292504.SRDUP, 22.89%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 3187 | 3187 | 3143 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292526.SRDUP, 20.12%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 9626 | 9626 | 9519 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292548.SRDUP, 29.21%, 07/19/2027 (a)(j)(k) | Upstart | 07/22/2022 | 2976 | 2976 | 2846 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292565.SRDUP, 25.69%, 07/19/2025 (a)(j) | Upstart | 07/22/2022 | 1320 | 1320 | 1309 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292579.SRDUP, 28.37%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 7815 | 7815 | 7745 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292628.SRDUP, 22.75%, 07/19/2027 (a)(j)(k) | Upstart | 07/22/2022 | 28000 | 28098 | 6043 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292649.SRDUP, 24.71%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 1948 | 1948 | 1931 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3292886.SRDUP, 20.2%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 8153 | 8181 | 8081 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3293042.SRDUP, 14.56%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 2891 | 2891 | 2874 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3293259.SRDUP, 29.68%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2542 | 2542 | 2523 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3293303.SRDUP, 23.79%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 6815 | 6815 | 6742 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3294098.SRDUP, 29.96%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 3619 | 3619 | 3589 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3294204.SRDUP, 21.44%, 07/20/2027 (a)(j)(k) | Upstart | 07/25/2022 | 1472 | 1472 | 1401 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3294222.SRDUP, 18.35%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 5799 | 5799 | 5759 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3294406.SRDUP, 29.84%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 2739 | 2739 | 2715 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3294893.SRDUP, 30.05%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1101 | 1105 | 1088 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3294918.SRDUP, 30.07%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 4304 | 4304 | 4266 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3294938.SRDUP, 25.22%, 07/20/2027 (a)(j)(k) | Upstart | 07/25/2022 | 13772 | 13772 | 13081 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295053.SRDUP, 29.35%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1075 | 1075 | 1066 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295083.SRDUP, 24.09%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 9607 | 9607 | 9511 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295093.SRDUP, 30.02%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1956 | 1956 | 1939 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295177.SRDUP, 13.33%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 33759 | 33872 | 33645 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295297.SRDUP, 22.65%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 940 | 940 | 931 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295445.SRDUP, 26.8%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 1888 | 1895 | 1865 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295447.SRDUP, 21.12%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 1127 | 1127 | 1116 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**81** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295471.SRDUP, 27.32%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | $2078 | $2078 | $2053 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295502.SRDUP, 30.05%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 3175 | 3175 | 3143 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295540.SRDUP, 16.35%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 2902 | 2902 | 2885 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295671.SRDUP, 29.89%, 07/20/2027 (a)(j)(k) | Upstart | 07/25/2022 | 15134 | 15134 | 14460 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295689.SRDUP, 18.9%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 5817 | 5817 | 5784 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295728.SRDUP, 30.02%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 11443 | 11443 | 11317 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295735.SRDUP, 18.56%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 39372 | 39372 | 39095 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295796.SRDUP, 22.23%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 10695 | 10695 | 10578 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295797.SRDUP, 23.54%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 8942 | 8942 | 8833 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295818.SRDUP, 13.96%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 4825 | 4825 | 4798 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295830.SRDUP, 24.97%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 13057 | 13057 | 12945 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3295846.SRDUP, 25.39%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 4874 | 4874 | 4820 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296068.SRDUP, 29.7%, 07/20/2027 (a)(j)(k) | Upstart | 07/25/2022 | 3747 | 3747 | 3583 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296151.SRDUP, 19.76%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 4366 | 4366 | 4328 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296166.SRDUP, 29.81%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1076 | 1076 | 1064 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296173.SRDUP, 30.01%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 3130 | 3130 | 3103 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296181.SRDUP, 29.55%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 978 | 978 | 967 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296332.SRDUP, 19.23%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 16293 | 16293 | 16200 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296348.SRDUP, 15.38%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 21260 | 21260 | 21143 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296373.SRDUP, 15.48%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 3274 | 3274 | 3252 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296412.SRDUP, 24.47%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 4804 | 4804 | 4738 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296419.SRDUP, 20.41%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 14077 | 14077 | 13952 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296429.SRDUP, 29.12%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 2835 | 2835 | 2810 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296453.SRDUP, 29.73%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 2053 | 2053 | 2036 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296535.SRDUP, 29.72%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1076 | 1076 | 1066 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296562.SRDUP, 30.02%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 4401 | 4401 | 4365 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296700.SRDUP, 21.85%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 1410 | 1410 | 1396 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296885.SRDUP, 29.91%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1071 | 1071 | 1059 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3296937.SRDUP, 25.12%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 17542 | 17542 | 17355 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3297103.SRDUP, 18.69%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 9590 | 9590 | 9527 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3297289.SRDUP, 29.73%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1956 | 1956 | 1940 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3297539.SRDUP, 30.06%, 07/21/2027 (a)(j)(k) | Upstart | 07/26/2022 | 2663 | 2663 | 2548 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3297600.SRDUP, 24%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1363 | 1363 | 1349 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3297752.SRDUP, 29.53%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1173 | 1173 | 1164 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3297758.SRDUP, 24.59%, 07/22/2025 (a)(j)(k) | Upstart | 07/27/2022 | 11066 | 11066 | 10567 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298130.SRDUP, 10.14%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 17303 | 17303 | 17278 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298144.SRDUP, 24.93%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 5457 | 5457 | 5399 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298166.SRDUP, 29.2%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 977 | 977 | 964 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298181.SRDUP, 24.33%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 24382 | 24382 | 24124 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298214.SRDUP, 30.04%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 2054 | 2054 | 2037 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298264.SRDUP, 28.85%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1466 | 1466 | 1454 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298271.SRDUP, 29.2%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1662 | 1662 | 1648 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298285.SRDUP, 17.19%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 5390 | 5390 | 5353 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298288.SRDUP, 21.61%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 2915 | 2915 | 2890 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298294.SRDUP, 29.06%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 6549 | 6549 | 6495 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298299.SRDUP, 23.38%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1607 | 1607 | 1586 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298305.SRDUP, 26.79%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 2833 | 2833 | 2799 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298309.SRDUP, 23.61%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 2355 | 2355 | 2333 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298360.SRDUP, 17.54%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 14525 | 14525 | 14445 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298378.SRDUP, 29.87%, 07/21/2027 (a)(j)(k) | Upstart | 07/26/2022 | 1895 | 1895 | 1817 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298386.SRDUP, 29.84%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1369 | 1369 | 1358 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298397.SRDUP, 24.94%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 1569 | 1569 | 1547 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298419.SRDUP, 9.73%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 5760 | 5760 | 5750 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298427.SRDUP, 30%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1760 | 1760 | 1746 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298464.SRDUP, 24.8%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 7794 | 7794 | 7712 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298471.SRDUP, 16.19%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 6538 | 6538 | 6501 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298481.SRDUP, 30.03%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1162 | 1162 | 1151 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**82** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298486.SRDUP, 24.13%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | $2434 | $2434 | $2409 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298488.SRDUP, 29.77%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1173 | 1173 | 1164 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298491.SRDUP, 29.83%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 3912 | 3912 | 3880 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298492.SRDUP, 23.33%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 4702 | 4702 | 4653 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298502.SRDUP, 29.84%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 2054 | 2054 | 2032 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298513.SRDUP, 16.72%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 1400 | 1400 | 1392 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298516.SRDUP, 29.65%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 2249 | 2249 | 2231 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298519.SRDUP, 24%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 2355 | 2355 | 2332 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298523.SRDUP, 25.54%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 975 | 975 | 964 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298539.SRDUP, 9.98%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 8539 | 8539 | 8523 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298544.SRDUP, 26.53%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 3875 | 3875 | 3824 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298546.SRDUP, 30.05%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1257 | 1257 | 1245 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298602.SRDUP, 30.06%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 2121 | 2121 | 2101 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298605.SRDUP, 29.81%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1076 | 1076 | 1067 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298624.SRDUP, 29.97%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1369 | 1369 | 1358 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298628.SRDUP, 27.77%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 5468 | 5468 | 5424 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298637.SRDUP, 24.42%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 9740 | 9740 | 9661 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298641.SRDUP, 29.65%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1177 | 1177 | 1119 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298666.SRDUP, 29.92%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 9193 | 9193 | 9118 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298675.SRDUP, 23.45%, 07/21/2025 (a)(j)(k) | Upstart | 07/26/2022 | 3005 | 3005 | 2864 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298683.SRDUP, 23.34%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 9688 | 9688 | 9562 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298685.SRDUP, 17.06%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 5146 | 5146 | 5109 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3298714.SRDUP, 11.53%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 7807 | 7807 | 7770 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3299898.SRDUP, 23.69%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 6133 | 6133 | 6076 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3300246.SRDUP, 29.71%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 3440 | 3440 | 3414 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3300534.SRDUP, 29.83%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1174 | 1174 | 1164 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3300721.SRDUP, 28.35%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 977 | 977 | 969 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301039.SRDUP, 27.45%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 6613 | 6613 | 6539 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301047.SRDUP, 28.82%, 12/22/2027 (a)(j)(k) | Upstart | 07/27/2022 | 1091 | 1091 | 1083 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301370.SRDUP, 29.76%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 5867 | 5867 | 5822 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301471.SRDUP, 28.94%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1523 | 1523 | 1505 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301508.SRDUP, 28.79%, 07/22/2027 (a)(j)(k) | Upstart | 07/27/2022 | 2400 | 2400 | 870 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301527.SRDUP, 25.51%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 5654 | 5654 | 5596 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301605.SRDUP, 18.56%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 3392 | 3392 | 3374 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301624.SRDUP, 29.92%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 978 | 978 | 970 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301691.SRDUP, 30.02%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1076 | 1076 | 1067 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301765.SRDUP, 22.39%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 4376 | 4376 | 4331 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301788.SRDUP, 29.88%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 8255 | 8255 | 8181 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301790.SRDUP, 19.3%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 1835 | 1835 | 1816 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301807.SRDUP, 29.91%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 4205 | 4205 | 4173 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301848.SRDUP, 29.95%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2054 | 2054 | 2038 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301899.SRDUP, 28.79%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 4886 | 4886 | 4848 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301910.SRDUP, 27.83%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 11319 | 11319 | 11223 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301944.SRDUP, 29.98%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 7824 | 7824 | 7763 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301958.SRDUP, 29.24%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2444 | 2444 | 2419 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301977.SRDUP, 28.81%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 21773 | 21773 | 21588 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3301997.SRDUP, 26.62%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 3006 | 3006 | 2979 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302004.SRDUP, 18.8%, 07/22/2027 (a)(j)(k) | Upstart | 07/27/2022 | 3919 | 3919 | 3722 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302019.SRDUP, 27.78%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 4882 | 4882 | 4832 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302025.SRDUP, 17.64%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 46781 | 46781 | 46530 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302029.SRDUP, 28.29%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 3907 | 3907 | 3877 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302033.SRDUP, 29.73%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1369 | 1369 | 1358 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302043.SRDUP, 30.03%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2527 | 2527 | 2505 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302058.SRDUP, 27.46%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 4440 | 4440 | 4400 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302121.SRDUP, 22.42%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2039 | 2039 | 2017 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302143.SRDUP, 17.39%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 2737 | 2737 | 2720 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302152.SRDUP, 30.03%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1174 | 1174 | 1165 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**83** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302178.SRDUP, 20.72%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | $21523 | $21523 | $21380 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302202.SRDUP, 14.18%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 1398 | 1398 | 1392 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302207.SRDUP, 27.21%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 27135 | 27135 | 26925 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302283.SRDUP, 28.13%, 07/22/2027 (a)(j)(k) | Upstart | 07/27/2022 | 6404 | 6404 | 6106 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302296.SRDUP, 27.44%, 07/22/2027 (a)(j)(k) | Upstart | 07/27/2022 | 14706 | 14706 | 14057 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302374.SRDUP, 26.96%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 18152 | 18152 | 18011 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302387.SRDUP, 29.52%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2241 | 2241 | 2221 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302388.SRDUP, 23.22%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 13428 | 13428 | 13290 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302408.SRDUP, 21.3%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 14087 | 14087 | 13959 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302465.SRDUP, 29.11%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 14564 | 14564 | 14451 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302502.SRDUP, 29.44%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 14665 | 14665 | 14551 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302517.SRDUP, 21.29%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 19431 | 19431 | 19270 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302534.SRDUP, 17.73%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 936 | 936 | 931 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302563.SRDUP, 16.9%, 07/22/2027 (a)(j)(k) | Upstart | 07/27/2022 | 6470 | 6470 | 6263 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302569.SRDUP, 20.53%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 1145 | 1145 | 1130 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302576.SRDUP, 23.4%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2238 | 2238 | 2215 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302594.SRDUP, 27.14%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 19477 | 19477 | 19311 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302613.SRDUP, 19.85%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 4689 | 4689 | 4646 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302659.SRDUP, 28.21%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 5372 | 5372 | 5331 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302687.SRDUP, 12.86%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 25017 | 25017 | 24918 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302688.SRDUP, 29.82%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 8 | 8 | 8 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302704.SRDUP, 25.78%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 10970 | 10970 | 10859 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302708.SRDUP, 17.05%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 4839 | 4839 | 4814 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302733.SRDUP, 26.1%, 07/22/2027 (a)(j)(k) | Upstart | 07/27/2022 | 5511 | 5530 | 5255 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302761.SRDUP, 29.97%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 1853 | 1853 | 1839 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302762.SRDUP, 29.97%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1565 | 1565 | 1553 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302793.SRDUP, 29.58%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 3911 | 3911 | 3881 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302804.SRDUP, 14.21%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 24132 | 24132 | 24003 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302814.SRDUP, 30.04%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 12226 | 12226 | 12100 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302820.SRDUP, 24.27%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2240 | 2240 | 2217 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302855.SRDUP, 27.05%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 1889 | 1889 | 1868 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302856.SRDUP, 29.85%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 8121 | 8121 | 8037 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302922.SRDUP, 29.9%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1271 | 1271 | 1261 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302940.SRDUP, 27.54%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1953 | 1953 | 1937 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302947.SRDUP, 26.6%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 4852 | 4852 | 4809 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302964.SRDUP, 26.13%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 9753 | 9753 | 9677 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3302981.SRDUP, 25.78%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 3510 | 3510 | 3483 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303019.SRDUP, 20.74%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 6777 | 6777 | 6714 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303054.SRDUP, 29.66%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1415 | 1415 | 1398 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303065.SRDUP, 16.37%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 6771 | 6771 | 6735 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303089.SRDUP, 18.18%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2907 | 2907 | 2891 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303142.SRDUP, 30.06%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2250 | 2250 | 2232 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303161.SRDUP, 27.41%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 2929 | 2929 | 2896 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303183.SRDUP, 30.04%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 3325 | 3325 | 3300 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303203.SRDUP, 26.65%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 4878 | 4878 | 4841 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303253.SRDUP, 22.53%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 3291 | 3291 | 3258 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303255.SRDUP, 28.52%, 07/22/2027 (a)(j)(k) | Upstart | 07/27/2022 | 12216 | 12216 | 11722 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303289.SRDUP, 24.61%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 942 | 942 | 934 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303333.SRDUP, 22.45%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 21394 | 21394 | 21175 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303338.SRDUP, 29.27%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1955 | 1955 | 1940 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303383.SRDUP, 29.28%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 4790 | 4790 | 4741 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3303671.SRDUP, 23.82%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1460 | 1460 | 1453 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304498.SRDUP, 13.39%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 10743 | 10743 | 10705 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304515.SRDUP, 29.45%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 1600 | 1600 | 1595 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304525.SRDUP, 13.71%, 07/25/2025 (a)(j) | Upstart | 07/28/2022 | 6522 | 6522 | 6494 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304530.SRDUP, 26%, 07/25/2025 (a)(j) | Upstart | 07/28/2022 | 2984 | 2984 | 2949 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304565.SRDUP, 17.02%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 9679 | 9679 | 9632 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**84** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304599.SRDUP, 29.9%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | $1076 | $1076 | $1069 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304627.SRDUP, 21.27%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 1126 | 1126 | 1119 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304678.SRDUP, 22.28%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 18474 | 18474 | 18304 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304684.SRDUP, 24.32%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 6302 | 6302 | 6229 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304697.SRDUP, 29.98%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1467 | 1467 | 1458 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304771.SRDUP, 20.26%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 5436 | 5436 | 5395 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304773.SRDUP, 30.01%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 2671 | 2671 | 2665 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3304997.SRDUP, 18.36%, 07/25/2025 (a)(j)(k) | Upstart | 07/28/2022 | 5785 | 5785 | 5752 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305012.SRDUP, 29.8%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1355 | 1355 | 1339 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305015.SRDUP, 24.56%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1345 | 1345 | 1331 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305037.SRDUP, 29.85%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1362 | 1362 | 1348 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305094.SRDUP, 27.38%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 9762 | 9795 | 9699 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305173.SRDUP, 29.89%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1467 | 1467 | 1457 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305175.SRDUP, 29.64%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 2836 | 2836 | 2817 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305205.SRDUP, 29.65%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1076 | 1079 | 1069 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305215.SRDUP, 25.94%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 3901 | 3901 | 3875 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305224.SRDUP, 26.42%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 6520 | 6520 | 6472 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305228.SRDUP, 24.48%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 19481 | 19481 | 19302 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305247.SRDUP, 22.75%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 11672 | 11672 | 11616 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305296.SRDUP, 30.06%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1369 | 1369 | 1360 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305303.SRDUP, 16.76%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 32364 | 32364 | 32257 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305335.SRDUP, 30.04%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 5086 | 5086 | 5053 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305337.SRDUP, 25.56%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 15598 | 15598 | 15454 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305359.SRDUP, 29.63%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 2046 | 2046 | 2031 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305370.SRDUP, 25.89%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 2243 | 2243 | 2228 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305428.SRDUP, 30.04%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1565 | 1565 | 1555 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305435.SRDUP, 29.32%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 4106 | 4106 | 4079 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305447.SRDUP, 17.58%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 5423 | 5423 | 5397 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305451.SRDUP, 15.13%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 9619 | 9619 | 9561 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305493.SRDUP, 27.6%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 6827 | 6827 | 6778 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305510.SRDUP, 28.18%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 15667 | 15667 | 15569 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305512.SRDUP, 24.02%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 2434 | 2434 | 2412 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305551.SRDUP, 26.59%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 2801 | 2801 | 2768 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305570.SRDUP, 27.56%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 19341 | 19341 | 19190 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305624.SRDUP, 28.68%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1954 | 1954 | 1942 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305654.SRDUP, 14.13%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 48237 | 48237 | 47950 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305698.SRDUP, 26.31%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 13071 | 13071 | 12950 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305714.SRDUP, 19.72%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 25279 | 25279 | 25047 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305720.SRDUP, 22.37%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 11139 | 11177 | 11112 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305743.SRDUP, 14.93%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1639 | 1639 | 1633 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3305845.SRDUP, 24.69%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 22894 | 22894 | 22683 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3308055.SRDUP, 27.97%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 3363 | 3363 | 3338 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3308699.SRDUP, 10.39%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 48077 | 48077 | 48018 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3308938.SRDUP, 18.94%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 6477 | 6477 | 6439 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3308999.SRDUP, 18.4%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 48454 | 48454 | 48228 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309430.SRDUP, 30.02%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 2934 | 2934 | 2916 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309519.SRDUP, 29.75%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 2249 | 2249 | 2235 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309589.SRDUP, 29.95%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 4401 | 4401 | 4362 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309638.SRDUP, 29.61%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 3227 | 3227 | 3207 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309677.SRDUP, 29.2%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 3617 | 3617 | 3585 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309698.SRDUP, 23.08%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1654 | 1654 | 1639 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309707.SRDUP, 25.32%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 2437 | 2437 | 2422 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309708.SRDUP, 25.54%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 7598 | 7598 | 7577 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309744.SRDUP, 29.94%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 2071 | 2071 | 2060 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309749.SRDUP, 29.42%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1173 | 1173 | 1166 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309752.SRDUP, 27.05%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 5801 | 5801 | 5758 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309772.SRDUP, 29.35%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 2681 | 2681 | 978 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**85** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309784.SRDUP, 27.45%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | $8730 | $8730 | $8667 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309804.SRDUP, 29.62%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1467 | 1467 | 1458 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309830.SRDUP, 14.7%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 6752 | 6752 | 6712 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309860.SRDUP, 12.57%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 19274 | 19274 | 19220 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309864.SRDUP, 19.92%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 11651 | 11651 | 11568 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309870.SRDUP, 21.93%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1555 | 1555 | 1544 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309906.SRDUP, 25.5%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 19497 | 19563 | 19379 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309963.SRDUP, 16.93%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 16162 | 16217 | 16086 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309965.SRDUP, 29.97%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 5281 | 5281 | 5249 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309981.SRDUP, 30.05%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 4536 | 4536 | 4513 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3309999.SRDUP, 29.2%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 5984 | 5984 | 5914 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310027.SRDUP, 29.97%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 1470 | 1470 | 518 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310063.SRDUP, 29.03%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 19532 | 19532 | 19400 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310091.SRDUP, 29.87%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 4303 | 4303 | 4277 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310146.SRDUP, 29.84%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1760 | 1760 | 1750 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310157.SRDUP, 29.13%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1368 | 1373 | 1360 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310219.SRDUP, 28.22%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1161 | 1161 | 1152 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310226.SRDUP, 15.16%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 3381 | 3381 | 3365 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310343.SRDUP, 30.05%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 3746 | 3746 | 1365 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310413.SRDUP, 29.28%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 165 | 165 | 165 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310464.SRDUP, 29.85%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1449 | 1449 | 1438 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310465.SRDUP, 29.8%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 1886 | 1886 | 1881 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310524.SRDUP, 13.89%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 4342 | 4342 | 4322 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310529.SRDUP, 29.89%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 2249 | 2249 | 2229 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310561.SRDUP, 28.85%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 2248 | 2248 | 2234 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310566.SRDUP, 24.9%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 2241 | 2241 | 2225 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310610.SRDUP, 26.76%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 6000 | 6000 | 2117 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310624.SRDUP, 14.42%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 41867 | 41867 | 41623 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310642.SRDUP, 30.06%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1663 | 1663 | 1653 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310700.SRDUP, 14.47%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 5407 | 5407 | 5382 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310737.SRDUP, 29.9%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 13010 | 12627 | 12904 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310751.SRDUP, 17.51%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 4839 | 4855 | 4811 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310783.SRDUP, 29.9%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 3207 | 3207 | 3184 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310815.SRDUP, 29.68%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1076 | 1076 | 1069 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310825.SRDUP, 29.66%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 6425 | 6447 | 6374 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310837.SRDUP, 25.22%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 24568 | 24568 | 24352 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310844.SRDUP, 11.2%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 5389 | 5389 | 5383 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310852.SRDUP, 29.35%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 1100 | 1100 | 248 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310867.SRDUP, 27.49%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 1228 | 1228 | 1217 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310883.SRDUP, 27.31%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1172 | 1175 | 1165 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310909.SRDUP, 27.36%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 2929 | 2929 | 2912 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310939.SRDUP, 23.96%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 4365 | 4365 | 4309 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310959.SRDUP, 29.54%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 17599 | 17599 | 17492 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310966.SRDUP, 16.27%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 7738 | 7738 | 7701 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3310967.SRDUP, 29.6%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 29333 | 29333 | 29155 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3311024.SRDUP, 30.01%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 33449 | 33449 | 33247 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3311027.SRDUP, 16.76%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 27409 | 27409 | 27322 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3311078.SRDUP, 20.73%, 07/26/2025 (a)(j) | Upstart | 07/29/2022 | 3191 | 3191 | 3167 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3311082.SRDUP, 29.51%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 3927 | 3927 | 3902 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3311398.SRDUP, 30.07%, 07/27/2027 (a)(j)(k) | Upstart | 08/01/2022 | 9336 | 9336 | 3426 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3311652.SRDUP, 30.03%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 16607 | 16607 | 16494 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3311803.SRDUP, 27.98%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 1563 | 1563 | 1554 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3311812.SRDUP, 29.83%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 1339 | 1339 | 1328 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3311940.SRDUP, 26.74%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 1039 | 1039 | 1029 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3311979.SRDUP, 29.5%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 1451 | 1451 | 1435 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312074.SRDUP, 19.02%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 44384 | 44384 | 44004 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312100.SRDUP, 29.81%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 3053 | 3053 | 3018 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**86** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312119.SRDUP, 29.92%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | $1956 | $1956 | $1945 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312129.SRDUP, 16.47%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 2418 | 2418 | 2408 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312131.SRDUP, 24.54%, 07/27/2027 (a)(j)(k) | Upstart | 08/01/2022 | 5617 | 5617 | 5591 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312146.SRDUP, 12.49%, 07/27/2027 (a)(j)(k) | Upstart | 08/01/2022 | 5443 | 5443 | 5428 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312147.SRDUP, 29.83%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 2636 | 2636 | 2620 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312151.SRDUP, 29.86%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 4695 | 4695 | 4668 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312164.SRDUP, 29.79%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 8312 | 8312 | 8265 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312218.SRDUP, 29.64%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 1890 | 1890 | 1875 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312219.SRDUP, 25.23%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 3205 | 3205 | 3177 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312228.SRDUP, 28.4%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 6839 | 6839 | 6800 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312235.SRDUP, 19.25%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 4849 | 4849 | 4816 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312238.SRDUP, 27.09%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 9760 | 9760 | 9693 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312315.SRDUP, 29.97%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 2641 | 2641 | 2626 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312345.SRDUP, 23.99%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 9737 | 9737 | 9654 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312370.SRDUP, 29.17%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 4385 | 4400 | 4342 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312405.SRDUP, 19.15%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 9697 | 9697 | 9631 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312406.SRDUP, 15.1%, 07/27/2027 (a)(j)(k) | Upstart | 08/01/2022 | 4447 | 4447 | 4435 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312420.SRDUP, 29.93%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 978 | 978 | 972 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312437.SRDUP, 29.29%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 2621 | 2621 | 2603 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312467.SRDUP, 20.17%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 11843 | 11843 | 11790 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312496.SRDUP, 28.76%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 2829 | 2829 | 2811 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312527.SRDUP, 22.46%, 07/27/2027 (a)(j)(k) | Upstart | 08/01/2022 | 1964 | 1964 | 1948 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312539.SRDUP, 18.94%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 9695 | 9695 | 9629 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312551.SRDUP, 21.88%, 07/27/2025 (a)(j)(k) | Upstart | 08/01/2022 | 2931 | 2931 | 1016 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312556.SRDUP, 25.85%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 10921 | 10921 | 10860 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312687.SRDUP, 12.84%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 11169 | 11169 | 11125 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312693.SRDUP, 29.92%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 4597 | 4597 | 4571 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312723.SRDUP, 14.45%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 9655 | 9655 | 9629 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312739.SRDUP, 22.49%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 4863 | 4863 | 4829 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312742.SRDUP, 26.16%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 12679 | 12679 | 12592 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312758.SRDUP, 25.16%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 1754 | 1754 | 1744 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312768.SRDUP, 26.81%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 3399 | 3399 | 3369 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312868.SRDUP, 21.62%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 7289 | 7289 | 7239 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312880.SRDUP, 29.78%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 1565 | 1565 | 1558 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312883.SRDUP, 26.26%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 9754 | 9754 | 9699 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312892.SRDUP, 22.39%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 2723 | 2723 | 2700 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312918.SRDUP, 29.8%, 07/27/2027 (a)(j)(k) | Upstart | 08/01/2022 | 11023 | 11023 | 10961 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312926.SRDUP, 29.56%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 5378 | 5378 | 5337 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312945.SRDUP, 12.26%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 1579 | 1579 | 1571 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3312949.SRDUP, 12.97%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 4807 | 4807 | 4791 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3316977.SRDUP, 25.55%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2950 | 2863 | 2904 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3316990.SRDUP, 29.27%, 08/01/2027 (a)(j)(k) | Upstart | 08/04/2022 | 2871 | 2785 | 2828 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3318619.SRDUP, 29.34%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1674 | 1625 | 1650 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319821.SRDUP, 29.74%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1281 | 1243 | 1261 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319830.SRDUP, 30.07%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 6897 | 6695 | 6790 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319835.SRDUP, 30.05%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1281 | 1244 | 1261 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319843.SRDUP, 29.69%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1619 | 1571 | 1589 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319844.SRDUP, 25.54%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 13765 | 13362 | 13562 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319846.SRDUP, 29.67%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 14678 | 14248 | 14451 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319852.SRDUP, 18.95%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 4898 | 4756 | 4841 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319854.SRDUP, 18.55%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 34281 | 33284 | 33877 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319886.SRDUP, 26.46%, 08/01/2025 (a)(j) | Upstart | 08/04/2022 | 1300 | 1263 | 1272 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319891.SRDUP, 20.94%, 08/01/2025 (a)(j) | Upstart | 08/04/2022 | 1151 | 1119 | 1135 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319916.SRDUP, 29.04%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 4924 | 4780 | 4848 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319926.SRDUP, 27.52%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 984 | 955 | 970 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319942.SRDUP, 28.69%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 3446 | 3345 | 3393 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319965.SRDUP, 30.01%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 3968 | 3852 | 3908 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**87** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319970.SRDUP, 29.98%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | $2759 | $2678 | $2716 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3319980.SRDUP, 30.04%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1872 | 1817 | 1849 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320007.SRDUP, 30.02%, 08/01/2027 (a)(j)(k) | Upstart | 08/04/2022 | 986 | 956 | 644 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320011.SRDUP, 26.04%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 19669 | 19093 | 19433 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320035.SRDUP, 26.13%, 08/01/2027 (a)(j)(k) | Upstart | 08/04/2022 | 22800 | 22116 | 22450 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320055.SRDUP, 20.18%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 17647 | 17133 | 17438 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320059.SRDUP, 29.77%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2266 | 2199 | 2231 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320060.SRDUP, 25.75%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2232 | 2167 | 2195 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320064.SRDUP, 21.53%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 7653 | 7430 | 7596 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320075.SRDUP, 26.11%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 5507 | 5346 | 5423 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320086.SRDUP, 29.4%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 4866 | 4723 | 4801 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320092.SRDUP, 26.51%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2216 | 2151 | 2178 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320104.SRDUP, 24.09%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 14737 | 14306 | 14520 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320109.SRDUP, 17.83%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 12152 | 11789 | 12065 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320131.SRDUP, 19.46%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 960 | 932 | 952 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320139.SRDUP, 25.88%, 08/01/2027 (a)(j)(k) | Upstart | 08/04/2022 | 9498 | 9215 | 9398 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320140.SRDUP, 22.82%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1452 | 1410 | 1431 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320176.SRDUP, 18.62%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 14468 | 14047 | 14337 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320200.SRDUP, 29.91%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2562 | 2486 | 2522 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320202.SRDUP, 30.03%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 4598 | 4464 | 4510 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320210.SRDUP, 29.72%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1675 | 1631 | 1649 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320223.SRDUP, 27.37%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 984 | 955 | 969 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320231.SRDUP, 29.53%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1148 | 1114 | 1130 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320235.SRDUP, 29.81%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 4335 | 4208 | 4268 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320247.SRDUP, 23.83%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 6385 | 6199 | 6309 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320254.SRDUP, 29.86%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1675 | 1626 | 1649 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320295.SRDUP, 30.02%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 3280 | 3184 | 3220 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320320.SRDUP, 27.2%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2323 | 2263 | 2281 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320321.SRDUP, 30.04%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 4040 | 3921 | 3977 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320329.SRDUP, 24.12%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 42734 | 41484 | 41964 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320337.SRDUP, 26.24%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 14473 | 14049 | 14212 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320352.SRDUP, 15.01%, 08/01/2025 (a)(j) | Upstart | 08/04/2022 | 4300 | 4179 | 4262 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320395.SRDUP, 23.07%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 16597 | 16113 | 16354 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320401.SRDUP, 22.86%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 470 | 456 | 465 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320406.SRDUP, 29.8%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1281 | 1243 | 1261 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3320408.SRDUP, 26.48%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2262 | 2196 | 2229 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3321322.SRDUP, 25%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 33666 | 32712 | 33219 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3321508.SRDUP, 27.4%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 1541 | 1498 | 1520 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3322508.SRDUP, 19.84%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 4901 | 4758 | 4866 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3323459.SRDUP, 17.33%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 48704 | 47285 | 48278 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3323950.SRDUP, 27.81%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 4035 | 3917 | 3975 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3324067.SRDUP, 29.8%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 1276 | 1239 | 1252 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3324396.SRDUP, 29.35%, 08/02/2027 (a)(j)(k) | Upstart | 08/05/2022 | 3531 | 3426 | 3473 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3324464.SRDUP, 21.19%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 3293 | 3197 | 3247 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3324483.SRDUP, 29.97%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 6915 | 6712 | 6818 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3324853.SRDUP, 10.84%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 43861 | 42594 | 43775 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3324933.SRDUP, 29.97%, 08/02/2027 (a)(j)(k) | Upstart | 08/05/2022 | 1786 | 1733 | 1760 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3324961.SRDUP, 24.73%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 3243 | 3148 | 3195 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3324974.SRDUP, 25.52%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 33034 | 32068 | 32559 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3324985.SRDUP, 29.99%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 1291 | 1253 | 1274 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3324995.SRDUP, 15.14%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 3421 | 3322 | 3397 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325006.SRDUP, 23.27%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 1124 | 1092 | 1105 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325052.SRDUP, 13.2%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 2672 | 2597 | 2655 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325086.SRDUP, 29.87%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 2463 | 2391 | 2426 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325088.SRDUP, 26.73%, 08/02/2027 (a)(j)(k) | Upstart | 08/05/2022 | 10860 | 10542 | 10734 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325097.SRDUP, 25.48%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 6587 | 6394 | 6489 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325108.SRDUP, 21.19%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 5886 | 5714 | 5817 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**88** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325149.SRDUP, 30%, 08/02/2027 (a)(j)(k) | Upstart | 08/05/2022 | $1589 | $1542 | $1041 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325156.SRDUP, 29.93%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 2266 | 2200 | 2233 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325207.SRDUP, 30.07%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 2069 | 2008 | 2038 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325256.SRDUP, 30.05%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 1773 | 1721 | 1747 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325340.SRDUP, 29.99%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 41972 | 40741 | 41341 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325379.SRDUP, 24.8%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 5913 | 5740 | 5826 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325509.SRDUP, 14.84%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 19545 | 18979 | 19406 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325541.SRDUP, 20.77%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 2942 | 2856 | 2921 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325578.SRDUP, 16.08%, 08/02/2027 (a)(j)(k) | Upstart | 08/05/2022 | 5500 | 5335 | 1662 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325593.SRDUP, 26.71%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 11805 | 11459 | 11629 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325608.SRDUP, 24.05%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 2403 | 2335 | 2370 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325611.SRDUP, 15.94%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 2934 | 2849 | 2913 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325633.SRDUP, 13.36%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 5472 | 5313 | 5449 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325643.SRDUP, 26.36%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 8852 | 8593 | 8725 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325648.SRDUP, 24.67%, 08/02/2027 (a)(j)(k) | Upstart | 08/05/2022 | 2200 | 2134 | 1385 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325668.SRDUP, 26.99%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 11315 | 10983 | 11146 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3325698.SRDUP, 23.8%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 49115 | 47681 | 48412 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3327515.SRDUP, 23.25%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1768 | 1716 | 1743 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3327605.SRDUP, 29.94%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 7980 | 7774 | 7864 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3327849.SRDUP, 26.35%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 25278 | 24538 | 24912 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3327948.SRDUP, 26.02%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 245 | 238 | 242 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3327970.SRDUP, 13.12%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 2385 | 2318 | 2367 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3327976.SRDUP, 27.35%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3469 | 3379 | 3412 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3327988.SRDUP, 25.41%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1573 | 1527 | 1550 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3327990.SRDUP, 29.47%, 08/03/2027 (a)(j)(k) | Upstart | 08/08/2022 | 5418 | 5277 | 5339 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328009.SRDUP, 24.67%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 1443 | 1402 | 1418 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328044.SRDUP, 26.59%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 2754 | 2674 | 2714 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328049.SRDUP, 29.55%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3940 | 3825 | 3885 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328063.SRDUP, 29.71%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1494 | 1449 | 1476 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328096.SRDUP, 27.34%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 14761 | 14328 | 14546 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328102.SRDUP, 29.24%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 35063 | 34035 | 34552 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328115.SRDUP, 16.29%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3751 | 3642 | 3718 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328126.SRDUP, 17.33%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 21141 | 20527 | 20993 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328140.SRDUP, 29.18%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1083 | 1052 | 1068 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328184.SRDUP, 22.32%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 803 | 780 | 789 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328185.SRDUP, 15.82%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 1434 | 1394 | 1422 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328211.SRDUP, 23.94%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 5403 | 5264 | 5328 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328228.SRDUP, 20.12%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 14383 | 13977 | 14189 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328235.SRDUP, 28.15%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 933 | 905 | 916 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328332.SRDUP, 25.23%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 9830 | 9543 | 9688 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328364.SRDUP, 13.16%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 6719 | 6525 | 6685 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328376.SRDUP, 29.97%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 16749 | 16258 | 16505 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328387.SRDUP, 29.92%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1379 | 1339 | 1359 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328395.SRDUP, 30.01%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 2226 | 2160 | 2189 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328491.SRDUP, 11.48%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3023 | 2935 | 3017 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328517.SRDUP, 24.78%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 10811 | 10495 | 10659 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328524.SRDUP, 27.48%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 1638 | 1591 | 1609 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328577.SRDUP, 24.9%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 9881 | 9591 | 9723 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328582.SRDUP, 21.75%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 2397 | 2329 | 2360 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328589.SRDUP, 29.59%, 08/03/2027 (a)(j)(k) | Upstart | 08/08/2022 | 1800 | 1746 | 1182 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328594.SRDUP, 26.16%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 4917 | 4773 | 4846 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328613.SRDUP, 29.89%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 2562 | 2486 | 2524 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328712.SRDUP, 26.76%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 8854 | 8595 | 8729 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328756.SRDUP, 20.86%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 10092 | 9797 | 10003 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328766.SRDUP, 29.55%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 24230 | 23519 | 23981 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328808.SRDUP, 29.97%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1768 | 1716 | 1739 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328875.SRDUP, 22.16%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 14722 | 14292 | 14517 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**89** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328971.SRDUP, 29.99%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | $3251 | $3156 | $3204 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328972.SRDUP, 21.95%, 08/03/2025 (a)(j)(k) | Upstart | 08/08/2022 | 3339 | 3245 | 3287 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328979.SRDUP, 26.92%, 08/03/2027 (a)(j)(k) | Upstart | 08/08/2022 | 5178 | 5023 | 5115 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3328999.SRDUP, 16.13%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 978 | 950 | 971 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329145.SRDUP, 18.44%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 1916 | 1862 | 1899 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329184.SRDUP, 26.3%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 11045 | 10759 | 10888 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329195.SRDUP, 29.87%, 08/03/2027 (a)(j)(k) | Upstart | 08/08/2022 | 7200 | 6985 | 4725 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329197.SRDUP, 15.04%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 6842 | 6643 | 6794 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329317.SRDUP, 16.8%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 1435 | 1395 | 1423 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329332.SRDUP, 26.46%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 13181 | 12795 | 12995 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329339.SRDUP, 26.91%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 2408 | 2339 | 2366 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329383.SRDUP, 29.72%, 08/03/2027 (a)(j)(k) | Upstart | 08/08/2022 | 4476 | 4342 | 2935 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329386.SRDUP, 26.2%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 4701 | 4564 | 4617 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329402.SRDUP, 29.78%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1872 | 1817 | 1844 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329486.SRDUP, 29.78%, 08/03/2027 (a)(j)(k) | Upstart | 08/08/2022 | 11917 | 11559 | 11769 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329489.SRDUP, 29.83%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 4433 | 4303 | 4371 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329531.SRDUP, 11.18%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 34122 | 33136 | 33985 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329548.SRDUP, 24.99%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3932 | 3817 | 3875 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329588.SRDUP, 11.34%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 4765 | 4632 | 4736 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329630.SRDUP, 29.93%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 8163 | 7924 | 8034 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329640.SRDUP, 29.99%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 18129 | 17597 | 17864 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329721.SRDUP, 30.01%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 2919 | 2833 | 2864 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3329730.SRDUP, 29.76%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3547 | 3442 | 3495 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3330488.SRDUP, 30.01%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2759 | 2678 | 2720 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3330594.SRDUP, 18.05%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 4787 | 4668 | 4725 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3330687.SRDUP, 27.66%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 29624 | 28756 | 29207 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3330907.SRDUP, 15.79%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 26870 | 26089 | 26641 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3330957.SRDUP, 21.81%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2257 | 2191 | 2232 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331079.SRDUP, 30.01%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2660 | 2582 | 2622 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331217.SRDUP, 30.06%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 20861 | 20248 | 20532 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331251.SRDUP, 20.33%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 3432 | 3332 | 3394 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331257.SRDUP, 16.1%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 8313 | 8100 | 8257 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331287.SRDUP, 29.88%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2562 | 2486 | 2525 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331303.SRDUP, 26%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2754 | 2673 | 2723 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331394.SRDUP, 22.32%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 1916 | 1861 | 1887 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331448.SRDUP, 22.67%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 6872 | 6671 | 6779 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331463.SRDUP, 27.14%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 29418 | 28557 | 28967 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331533.SRDUP, 29.85%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 3448 | 3347 | 3399 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331541.SRDUP, 20.98%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 14712 | 14283 | 14550 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331603.SRDUP, 23.17%, 08/04/2027 (a)(j)(k) | Upstart | 08/09/2022 | 9977 | 9678 | 6286 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331621.SRDUP, 29.83%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 3645 | 3538 | 3594 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331649.SRDUP, 24.36%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 6730 | 6540 | 6641 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331683.SRDUP, 29.85%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2364 | 2295 | 2331 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331708.SRDUP, 12.35%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 16294 | 15822 | 16230 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331716.SRDUP, 15.29%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 18270 | 17739 | 18178 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331725.SRDUP, 26.15%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1377 | 1341 | 1362 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331733.SRDUP, 27.48%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 2888 | 2815 | 2832 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331744.SRDUP, 27.71%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 984 | 955 | 970 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331760.SRDUP, 28.02%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 6595 | 6402 | 6502 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331785.SRDUP, 27.42%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 4920 | 4776 | 4851 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331788.SRDUP, 26.08%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1180 | 1146 | 1164 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331801.SRDUP, 23.15%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2946 | 2860 | 2906 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331832.SRDUP, 22.72%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 8738 | 8482 | 8619 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331834.SRDUP, 13.72%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2904 | 2821 | 2898 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331880.SRDUP, 30.01%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 4335 | 4208 | 4274 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331907.SRDUP, 30.07%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1183 | 1148 | 1166 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331961.SRDUP, 29.87%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2167 | 2104 | 2137 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**90** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331969.SRDUP, 27.82%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | $41339 | $40128 | $40771 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331977.SRDUP, 16.55%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2739 | 2660 | 2721 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331979.SRDUP, 19.05%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 5389 | 5232 | 5352 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3331984.SRDUP, 14.96%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1074 | 1043 | 1065 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332008.SRDUP, 26.27%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1377 | 1337 | 1358 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332028.SRDUP, 29.9%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2069 | 2008 | 2040 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332086.SRDUP, 29.89%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2463 | 2391 | 2428 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332138.SRDUP, 25.52%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 19244 | 18698 | 18988 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332143.SRDUP, 24.99%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 19812 | 19233 | 19547 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332175.SRDUP, 24.42%, 08/04/2027 (a)(j)(k) | Upstart | 08/09/2022 | 4959 | 4811 | 3124 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332179.SRDUP, 29.63%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1182 | 1147 | 1165 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332206.SRDUP, 20.12%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 1918 | 1864 | 1902 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332210.SRDUP, 29.87%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1281 | 1243 | 1263 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332213.SRDUP, 30.02%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1971 | 1913 | 1943 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332232.SRDUP, 25.14%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 15016 | 14577 | 14784 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332235.SRDUP, 29.08%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1083 | 1052 | 1068 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332239.SRDUP, 29.3%, 08/04/2027 (a)(j)(k) | Upstart | 08/09/2022 | 1291 | 1252 | 1278 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332260.SRDUP, 23.31%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 1922 | 1867 | 1906 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332281.SRDUP, 29.98%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1379 | 1339 | 1360 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332296.SRDUP, 18.25%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 10247 | 9992 | 10113 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332297.SRDUP, 23.1%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1440 | 1398 | 1416 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332313.SRDUP, 29.22%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 5910 | 5736 | 5826 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332326.SRDUP, 26.16%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 3245 | 3150 | 3201 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332329.SRDUP, 30.05%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2463 | 2391 | 2428 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332338.SRDUP, 17.03%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 48929 | 47506 | 48594 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332409.SRDUP, 20.42%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 22062 | 21418 | 21819 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3332427.SRDUP, 22.31%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 3926 | 3825 | 3873 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3333083.SRDUP, 23.01%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 5499 | 5338 | 5439 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3333700.SRDUP, 29.68%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 2266 | 2199 | 2235 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3333960.SRDUP, 17.66%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 15136 | 14696 | 15011 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334082.SRDUP, 26.47%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 2656 | 2578 | 2620 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334226.SRDUP, 29.58%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 4925 | 4781 | 4858 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334241.SRDUP, 25.18%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 4424 | 4294 | 4363 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334372.SRDUP, 30.05%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 8079 | 7842 | 7968 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334474.SRDUP, 28.4%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 14768 | 14335 | 14566 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334482.SRDUP, 20.83%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 3262 | 3169 | 3220 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334502.SRDUP, 29.93%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 7882 | 7650 | 7773 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334533.SRDUP, 26.94%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 1059 | 1029 | 1042 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334569.SRDUP, 29.97%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 7981 | 7746 | 7873 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334575.SRDUP, 29.72%, 08/05/2027 (a)(j)(k) | Upstart | 08/10/2022 | 1986 | 1927 | 1304 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334602.SRDUP, 29.98%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 4335 | 4208 | 4275 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334603.SRDUP, 27.51%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 3372 | 3276 | 3316 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334619.SRDUP, 29.69%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 6896 | 6694 | 6801 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334881.SRDUP, 27.43%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 1638 | 1591 | 1611 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334909.SRDUP, 29.54%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 4531 | 4398 | 4482 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334945.SRDUP, 24.18%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 9825 | 9538 | 9719 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334948.SRDUP, 29.94%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 4828 | 4686 | 4761 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334972.SRDUP, 30.04%, 08/05/2027 (a)(j)(k) | Upstart | 08/10/2022 | 12203 | 11837 | 12020 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334977.SRDUP, 24.24%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 32816 | 31857 | 32380 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3334990.SRDUP, 14.73%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 21791 | 21159 | 21647 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335002.SRDUP, 29.73%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 1773 | 1721 | 1749 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335003.SRDUP, 23.08%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 16310 | 15833 | 16042 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335014.SRDUP, 11.11%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 29246 | 28400 | 29192 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335030.SRDUP, 26.84%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 27580 | 26780 | 27262 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335053.SRDUP, 15.38%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 2867 | 2787 | 2844 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335083.SRDUP, 20.95%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 3825 | 3714 | 3784 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335088.SRDUP, 29.75%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 4433 | 4303 | 4372 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**91** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335094.SRDUP, 29.53%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | $2561 | $2486 | $2526 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335097.SRDUP, 27.02%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 16619 | 16140 | 16431 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335130.SRDUP, 22.23%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 14704 | 14275 | 14512 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335133.SRDUP, 16.79%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 4305 | 4184 | 4271 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335134.SRDUP, 30.05%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 1304 | 1265 | 1282 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335142.SRDUP, 28.14%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 6719 | 6521 | 6612 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335178.SRDUP, 17.96%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 34269 | 33272 | 34040 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335207.SRDUP, 26.84%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 1177 | 1143 | 1159 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335227.SRDUP, 27.63%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 6889 | 6687 | 6797 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335266.SRDUP, 30.02%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 9754 | 9468 | 9623 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335303.SRDUP, 29.12%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 3145 | 3053 | 3101 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335339.SRDUP, 24.77%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 7862 | 7632 | 7758 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335380.SRDUP, 29.91%, 08/05/2027 (a)(j)(k) | Upstart | 08/10/2022 | 5642 | 5474 | 3703 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335386.SRDUP, 30.08%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 4434 | 4304 | 4382 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335405.SRDUP, 28.36%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 7333 | 7118 | 7219 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335412.SRDUP, 27.67%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 1279 | 1242 | 1262 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3335417.SRDUP, 22.49%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 14724 | 14294 | 14566 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336367.SRDUP, 29.8%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2660 | 2582 | 2628 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336392.SRDUP, 29.77%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 12535 | 12166 | 12340 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336632.SRDUP, 29.91%, 08/08/2027 (a)(j)(k) | Upstart | 08/11/2022 | 1398 | 1356 | 1387 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336642.SRDUP, 24.98%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1979 | 1921 | 1956 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336648.SRDUP, 22.91%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 5695 | 5528 | 5625 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336652.SRDUP, 12.07%, 08/08/2025 (a)(j) | Upstart | 08/11/2022 | 6672 | 6485 | 6639 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336660.SRDUP, 27.43%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 4920 | 4776 | 4859 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336667.SRDUP, 29.74%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 5418 | 5259 | 5351 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336668.SRDUP, 29.34%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1273 | 1236 | 1255 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336680.SRDUP, 24.72%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 4914 | 4770 | 4854 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336705.SRDUP, 20.79%, 08/08/2027 (a)(j)(k) | Upstart | 08/11/2022 | 8817 | 8554 | 5359 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336858.SRDUP, 24.44%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 5503 | 5342 | 5435 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336867.SRDUP, 29.69%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1675 | 1626 | 1654 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336872.SRDUP, 22.2%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3420 | 3320 | 3368 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336885.SRDUP, 29.07%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1674 | 1625 | 1653 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336986.SRDUP, 29.53%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1192 | 1157 | 1179 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3336989.SRDUP, 25.23%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 4915 | 4771 | 4854 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337007.SRDUP, 25.73%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 43854 | 42569 | 43577 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337009.SRDUP, 29.97%, 08/08/2027 (a)(j)(k) | Upstart | 08/11/2022 | 1092 | 1060 | 1081 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337110.SRDUP, 29.89%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3251 | 3156 | 3211 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337111.SRDUP, 23.46%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3929 | 3814 | 3889 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337133.SRDUP, 21.04%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3952 | 3837 | 3914 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337139.SRDUP, 24.85%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 5504 | 5343 | 5436 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337195.SRDUP, 29.45%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1713 | 1663 | 1688 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337303.SRDUP, 22.63%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 22579 | 21996 | 22438 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337341.SRDUP, 27.04%, 08/08/2027 (a)(j)(k) | Upstart | 08/11/2022 | 1985 | 1925 | 1306 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337412.SRDUP, 11.4%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 33639 | 32665 | 33520 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337420.SRDUP, 29.3%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 2938 | 2851 | 2897 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337431.SRDUP, 11.92%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 34724 | 33718 | 34600 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337484.SRDUP, 29.88%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1084 | 1052 | 1070 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337494.SRDUP, 19.77%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 19603 | 19031 | 19410 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337520.SRDUP, 30.04%, 08/08/2027 (a)(j)(k) | Upstart | 08/11/2022 | 18400 | 17848 | 12125 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337548.SRDUP, 25.39%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 2359 | 2290 | 2330 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337554.SRDUP, 21.23%, 08/08/2027 (a)(j)(k) | Upstart | 08/11/2022 | 1660 | 1611 | 1639 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337565.SRDUP, 26.49%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 14474 | 14049 | 14249 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337613.SRDUP, 29.37%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1674 | 1625 | 1654 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337621.SRDUP, 20.81%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 6566 | 6375 | 6486 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337628.SRDUP, 21.82%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 9224 | 8954 | 9133 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337658.SRDUP, 27.81%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 5873 | 5701 | 5792 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337659.SRDUP, 29.79%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1970 | 1912 | 1946 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**92** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337695.SRDUP, 19.17%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | $3707 | $3599 | $3678 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337707.SRDUP, 24.23%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 5502 | 5341 | 5435 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337729.SRDUP, 28.27%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 15245 | 14798 | 15038 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337731.SRDUP, 17.92%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 8714 | 8460 | 8660 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337737.SRDUP, 19.97%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 7842 | 7613 | 7765 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337761.SRDUP, 29.82%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 2266 | 2199 | 2238 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337781.SRDUP, 27.26%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 14676 | 14246 | 14474 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337806.SRDUP, 19.81%, 08/08/2025 (a)(j) | Upstart | 08/11/2022 | 1917 | 1863 | 1895 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337808.SRDUP, 20.29%, 08/08/2025 (a)(j) | Upstart | 08/11/2022 | 5754 | 5591 | 5686 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337844.SRDUP, 18.81%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 7641 | 7418 | 7594 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337932.SRDUP, 29.88%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1182 | 1148 | 1167 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337939.SRDUP, 29.98%, 08/08/2027 (a)(j)(k) | Upstart | 08/11/2022 | 7341 | 7121 | 4642 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337949.SRDUP, 29.75%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 8177 | 7937 | 8075 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337955.SRDUP, 17.78%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 14277 | 13861 | 14162 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3337966.SRDUP, 29.69%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3546 | 3442 | 3502 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3338069.SRDUP, 26.37%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 6885 | 6683 | 6800 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3340271.SRDUP, 29.62%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1281 | 1243 | 1265 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3340712.SRDUP, 29.63%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1675 | 1625 | 1654 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341295.SRDUP, 29.62%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1970 | 1919 | 1946 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341443.SRDUP, 29.93%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1182 | 1148 | 1168 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341548.SRDUP, 21.28%, 08/10/2025 (a)(j) | Upstart | 08/15/2022 | 5757 | 5594 | 5694 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341613.SRDUP, 24.57%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 4854 | 4716 | 4786 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341651.SRDUP, 22.11%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1465 | 1422 | 1447 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341659.SRDUP, 28.27%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 27565 | 26756 | 27235 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341670.SRDUP, 19.41%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 3317 | 3220 | 3292 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341702.SRDUP, 12.87%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 1336 | 1298 | 1329 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341732.SRDUP, 20.58%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 11277 | 10948 | 11169 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341786.SRDUP, 29.66%, 08/09/2027 (a)(j)(k) | Upstart | 08/12/2022 | 1688 | 1638 | 1672 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341803.SRDUP, 20.81%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 3821 | 3713 | 3770 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341835.SRDUP, 9.73%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2240 | 2175 | 2236 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341854.SRDUP, 26.59%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 24034 | 23350 | 23713 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341855.SRDUP, 18.78%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 3820 | 3709 | 3797 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341867.SRDUP, 25%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 1443 | 1402 | 1426 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341930.SRDUP, 17.77%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 6843 | 6643 | 6791 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3341977.SRDUP, 17.81%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 27107 | 26317 | 26900 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342031.SRDUP, 27.21%, 08/09/2027 (a)(j)(k) | Upstart | 08/12/2022 | 5388 | 5227 | 1907 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342056.SRDUP, 23.13%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 9820 | 9532 | 9703 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342122.SRDUP, 24.93%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 10580 | 10279 | 10427 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342131.SRDUP, 29.91%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 3908 | 3791 | 3842 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342155.SRDUP, 28.21%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 4922 | 4778 | 4863 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342160.SRDUP, 28.38%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 16737 | 16303 | 16536 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342171.SRDUP, 23.38%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2249 | 2183 | 2222 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342182.SRDUP, 24.77%, 08/09/2027 (a)(j)(k) | Upstart | 08/12/2022 | 2380 | 2309 | 1567 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342190.SRDUP, 21.86%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 4800 | 4664 | 4745 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342195.SRDUP, 28.61%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2462 | 2389 | 2432 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342267.SRDUP, 19.04%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 2124 | 2064 | 2100 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342276.SRDUP, 22.57%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 8737 | 8481 | 8653 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342297.SRDUP, 27.42%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 24602 | 23880 | 24307 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342303.SRDUP, 24.39%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 5699 | 5532 | 5631 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342304.SRDUP, 25.47%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 9831 | 9543 | 9714 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342306.SRDUP, 23.18%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 982 | 953 | 973 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342318.SRDUP, 23.67%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 5501 | 5340 | 5435 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342326.SRDUP, 24.44%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 9573 | 9292 | 9426 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342330.SRDUP, 30%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 10829 | 10510 | 10685 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342367.SRDUP, 23.52%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 10804 | 10488 | 10675 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342389.SRDUP, 30.07%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 14484 | 14058 | 14309 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342408.SRDUP, 29.86%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1436 | 1394 | 1415 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**93** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342476.SRDUP, 24.31%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | $2931 | $2845 | $2892 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342496.SRDUP, 29.87%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2069 | 2008 | 2044 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342498.SRDUP, 18.28%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 16354 | 15878 | 16256 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342503.SRDUP, 18.53%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 3831 | 3723 | 3788 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342541.SRDUP, 10.19%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2923 | 2848 | 2918 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342553.SRDUP, 29.9%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2467 | 2403 | 2438 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342563.SRDUP, 23.8%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 24165 | 23457 | 23931 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342569.SRDUP, 20.93%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 960 | 932 | 949 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342621.SRDUP, 29.85%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 9622 | 9339 | 9493 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342637.SRDUP, 29.79%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2069 | 2008 | 2044 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342703.SRDUP, 13.67%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 3418 | 3319 | 3406 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342751.SRDUP, 23.38%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 49104 | 47835 | 48521 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3342780.SRDUP, 26.32%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 27302 | 26501 | 26895 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3343057.SRDUP, 27.27%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1054 | 1023 | 1036 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3343084.SRDUP, 25.43%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1671 | 1622 | 1652 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3343090.SRDUP, 22.15%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 5496 | 5354 | 5464 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3343213.SRDUP, 30.01%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 2562 | 2486 | 2532 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3343363.SRDUP, 26.78%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 6335 | 6150 | 6225 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3343707.SRDUP, 29.96%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1084 | 1052 | 1071 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3343834.SRDUP, 21.73%, 08/10/2025 (a)(j) | Upstart | 08/15/2022 | 1493 | 1451 | 1471 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3343838.SRDUP, 21.16%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 2452 | 2381 | 2429 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3343873.SRDUP, 29.88%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1182 | 1147 | 1168 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3343908.SRDUP, 30.06%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1872 | 1817 | 1850 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344152.SRDUP, 21.48%, 08/10/2025 (a)(j) | Upstart | 08/15/2022 | 4799 | 4662 | 4745 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344172.SRDUP, 30.05%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1281 | 1243 | 1266 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344219.SRDUP, 28.72%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 9970 | 9676 | 9838 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344272.SRDUP, 29.74%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 3547 | 3442 | 3505 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344313.SRDUP, 29.61%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1675 | 1625 | 1655 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344314.SRDUP, 21.81%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 8831 | 8573 | 8749 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344332.SRDUP, 29.62%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1576 | 1530 | 1558 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344357.SRDUP, 29.8%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 2660 | 2582 | 2629 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344361.SRDUP, 21.4%, 08/10/2025 (a)(j) | Upstart | 08/15/2022 | 14395 | 14034 | 14235 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344364.SRDUP, 22.98%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 4320 | 4209 | 4271 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344378.SRDUP, 20.97%, 08/10/2025 (a)(j) | Upstart | 08/15/2022 | 1919 | 1864 | 1898 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344392.SRDUP, 19.81%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 5391 | 5233 | 5341 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344397.SRDUP, 13.04%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 3026 | 2938 | 3016 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344411.SRDUP, 22.74%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1767 | 1721 | 1747 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344412.SRDUP, 25.99%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 3974 | 3859 | 3944 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344452.SRDUP, 16.87%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 23896 | 23200 | 23714 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344502.SRDUP, 29.84%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1773 | 1721 | 1753 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344529.SRDUP, 29.95%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1291 | 1253 | 1279 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344556.SRDUP, 16.43%, 08/10/2025 (a)(j) | Upstart | 08/15/2022 | 2301 | 2236 | 2285 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344559.SRDUP, 18.23%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 2938 | 2852 | 2921 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344583.SRDUP, 29.04%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1083 | 1051 | 1071 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344618.SRDUP, 26.77%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 13736 | 13329 | 13534 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344639.SRDUP, 25.07%, 08/10/2025 (a)(j)(k) | Upstart | 08/15/2022 | 5496 | 5332 | 3596 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344663.SRDUP, 30.03%, 08/10/2027 (a)(j)(k) | Upstart | 08/15/2022 | 1688 | 1638 | 1113 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344688.SRDUP, 24.05%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 17730 | 17211 | 17527 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344704.SRDUP, 27.76%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 41630 | 40406 | 41084 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344751.SRDUP, 27.42%, 08/10/2025 (a)(j) | Upstart | 08/15/2022 | 6247 | 6069 | 6138 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344753.SRDUP, 24.95%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 10985 | 10663 | 10825 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344754.SRDUP, 19.53%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 12740 | 12368 | 12665 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344757.SRDUP, 28.79%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 2954 | 2867 | 2920 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344767.SRDUP, 22.76%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 16396 | 15916 | 16242 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344787.SRDUP, 19.72%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 15094 | 14653 | 15005 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344806.SRDUP, 29.85%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 985 | 956 | 974 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344828.SRDUP, 28.24%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 24612 | 23973 | 24325 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**94** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344861.SRDUP, 26.31%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | $12294 | $11934 | $12152 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344875.SRDUP, 25.66%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 9832 | 9544 | 9719 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344886.SRDUP, 23.52%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 5893 | 5720 | 5825 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344919.SRDUP, 29.98%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 13793 | 13388 | 13633 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344925.SRDUP, 29.69%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 4470 | 4339 | 4428 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344932.SRDUP, 29.86%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1050 | 1019 | 1033 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3344973.SRDUP, 24.83%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 3636 | 3542 | 3594 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345014.SRDUP, 23.81%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 11002 | 10680 | 10876 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345025.SRDUP, 19.93%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1176 | 1142 | 1169 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345027.SRDUP, 16.18%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 4890 | 4748 | 4862 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345029.SRDUP, 29.23%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 5909 | 5736 | 5841 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345036.SRDUP, 27.15%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 7084 | 6877 | 7003 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345070.SRDUP, 29.93%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1773 | 1721 | 1753 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345074.SRDUP, 21.56%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1636 | 1588 | 1612 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345093.SRDUP, 15.65%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 48887 | 47465 | 48603 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345108.SRDUP, 21.17%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1962 | 1905 | 1944 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345110.SRDUP, 25.26%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 6783 | 6584 | 6705 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345122.SRDUP, 26.25%, 08/10/2025 (a)(j) | Upstart | 08/15/2022 | 1155 | 1122 | 1142 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345143.SRDUP, 22.63%, 08/10/2025 (a)(j) | Upstart | 08/15/2022 | 4130 | 4026 | 4084 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345145.SRDUP, 29.48%, 08/10/2027 (a)(j)(k) | Upstart | 08/15/2022 | 1887 | 1830 | 1244 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345160.SRDUP, 30.02%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1281 | 1243 | 1266 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345176.SRDUP, 25.55%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 19664 | 19087 | 19437 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345233.SRDUP, 29.98%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 9064 | 8798 | 8959 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345244.SRDUP, 26.94%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 27154 | 26358 | 26839 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3345270.SRDUP, 30.04%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 4302 | 4175 | 4245 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3373195.SRDUP, 26.3%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 2776 | 2694 | 2735 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3382367.SRDUP, 33.18%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 2482 | 2417 | 2444 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3383096.SRDUP, 17.73%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 979 | 954 | 965 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3383199.SRDUP, 13.78%, 09/02/2025 (a)(j)(k) | Upstart | 09/08/2022 | 6600 | 6404 | 3801 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3387472.SRDUP, 30.56%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 39301 | 38135 | 38674 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3389292.SRDUP, 29.4%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 2432 | 2360 | 2393 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391039.SRDUP, 27.26%, 09/01/2025 (a)(j)(k) | Upstart | 09/07/2022 | 7649 | 7427 | 7512 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391054.SRDUP, 29.59%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 3969 | 3851 | 3908 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391076.SRDUP, 15.12%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 8897 | 8636 | 8832 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391084.SRDUP, 22.44%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 10639 | 10325 | 10479 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391086.SRDUP, 34.1%, 09/01/2025 (a)(j)(k) | Upstart | 09/07/2022 | 9500 | 9215 | 6169 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391118.SRDUP, 31.16%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 1191 | 1156 | 1173 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391123.SRDUP, 16.23%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 5277 | 5122 | 5237 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391150.SRDUP, 28.29%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 2579 | 2503 | 2540 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391173.SRDUP, 27.7%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 1091 | 1059 | 1074 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391216.SRDUP, 19.19%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 5236 | 5086 | 5189 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391224.SRDUP, 29.8%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 1985 | 1926 | 1954 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391232.SRDUP, 33.82%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 4667 | 4528 | 4595 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391252.SRDUP, 29.38%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 1984 | 1925 | 1954 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391261.SRDUP, 34.47%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 7052 | 6842 | 6942 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391265.SRDUP, 18.92%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 10416 | 10107 | 10336 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391282.SRDUP, 33.54%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 2880 | 2804 | 2835 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391326.SRDUP, 33.14%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 2383 | 2312 | 2346 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391331.SRDUP, 26.82%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 3272 | 3187 | 3224 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391334.SRDUP, 33.66%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 3277 | 3179 | 3226 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391345.SRDUP, 32.85%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 3637 | 3531 | 3571 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391350.SRDUP, 17.92%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 3808 | 3696 | 3780 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391354.SRDUP, 29.5%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 7857 | 7628 | 7745 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391367.SRDUP, 14.88%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 16211 | 15735 | 16093 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391392.SRDUP, 29.37%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 1687 | 1637 | 1662 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391398.SRDUP, 30.65%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 2680 | 2600 | 2638 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391443.SRDUP, 27.44%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 5398 | 5241 | 5301 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**95** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391449.SRDUP, 33.79%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | $3575 | $3469 | $3519 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391463.SRDUP, 34.41%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 7647 | 7420 | 7528 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391480.SRDUP, 34.2%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 14180 | 13764 | 13938 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391536.SRDUP, 33.17%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 2284 | 2216 | 2248 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391540.SRDUP, 22.54%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 6435 | 6246 | 6337 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391557.SRDUP, 26.26%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 2747 | 2667 | 2698 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391565.SRDUP, 21.35%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 1748 | 1696 | 1734 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391595.SRDUP, 33.61%, 09/01/2027 (a)(j)(k) | Upstart | 09/07/2022 | 3200 | 3104 | 2095 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391607.SRDUP, 17.95%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 979 | 950 | 965 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391608.SRDUP, 24.92%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 9912 | 9618 | 9793 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391636.SRDUP, 20.85%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 1980 | 1922 | 1957 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391657.SRDUP, 34.79%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 24434 | 23706 | 24052 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391666.SRDUP, 22.14%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 43929 | 42784 | 43397 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391682.SRDUP, 33.15%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 3575 | 3468 | 3519 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391691.SRDUP, 29.86%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 6416 | 6230 | 6322 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391718.SRDUP, 18.67%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 2833 | 2752 | 2807 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391767.SRDUP, 30.29%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 4519 | 4387 | 4437 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391778.SRDUP, 25.46%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 2280 | 2220 | 2246 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391781.SRDUP, 24.51%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 5350 | 5192 | 5271 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391789.SRDUP, 29.6%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 2100 | 2038 | 2069 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391839.SRDUP, 32.21%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 2085 | 2023 | 2053 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391841.SRDUP, 18.36%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 979 | 951 | 973 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391842.SRDUP, 19.23%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 2252 | 2187 | 2221 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391879.SRDUP, 21.68%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 7923 | 7689 | 7863 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391881.SRDUP, 34.9%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 22746 | 22068 | 22390 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391897.SRDUP, 29.98%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 4267 | 4140 | 4201 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391911.SRDUP, 34.9%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 20400 | 19792 | 20090 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391946.SRDUP, 32.48%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 1688 | 1638 | 1662 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391950.SRDUP, 20.01%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 49497 | 48036 | 48915 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391954.SRDUP, 29.05%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 1389 | 1348 | 1368 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3391960.SRDUP, 19.15%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 7720 | 7492 | 7629 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3392030.SRDUP, 30.01%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 2132 | 2069 | 2094 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3392055.SRDUP, 28.83%, 09/01/2027 (a)(j)(k) | Upstart | 09/07/2022 | 2960 | 2872 | 2913 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3392065.SRDUP, 29.97%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 2679 | 2600 | 2639 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3392083.SRDUP, 27.54%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 1617 | 1570 | 1587 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3392112.SRDUP, 17.36%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 1957 | 1900 | 1940 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3392125.SRDUP, 34.71%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 10627 | 10311 | 10461 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3392163.SRDUP, 28.84%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 1587 | 1540 | 1563 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3392172.SRDUP, 27.45%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 3555 | 3450 | 3511 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3392184.SRDUP, 17.03%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 6232 | 6048 | 6186 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393013.SRDUP, 29.65%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 14883 | 14442 | 14687 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393350.SRDUP, 26.53%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 4462 | 4330 | 4398 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393442.SRDUP, 11.33%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 9874 | 9585 | 9853 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393716.SRDUP, 33.23%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 3575 | 3468 | 3521 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393816.SRDUP, 31.66%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 16776 | 16277 | 16524 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393823.SRDUP, 29.39%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 38199 | 37065 | 37643 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393834.SRDUP, 31.03%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 1390 | 1348 | 1369 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393860.SRDUP, 19.99%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 979 | 951 | 966 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393879.SRDUP, 23.64%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 2941 | 2856 | 2901 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393906.SRDUP, 31.57%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 2064 | 2003 | 2027 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393921.SRDUP, 23.46%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 1998 | 1939 | 1977 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393938.SRDUP, 21.1%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 16360 | 15887 | 16141 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3393950.SRDUP, 33.75%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 4369 | 4239 | 4303 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394089.SRDUP, 28.82%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 1878 | 1822 | 1847 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394115.SRDUP, 25.53%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 1983 | 1924 | 1954 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394194.SRDUP, 18.07%, 09/02/2027 (a)(j)(k) | Upstart | 09/08/2022 | 7000 | 6790 | 3974 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394243.SRDUP, 25.81%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 1685 | 1635 | 1661 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**96** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394253.SRDUP, 30.52%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | $992 | $963 | $978 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394271.SRDUP, 14.9%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 8672 | 8417 | 8634 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394294.SRDUP, 32.93%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 5759 | 5587 | 5672 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394316.SRDUP, 32.6%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 1734 | 1683 | 1706 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394345.SRDUP, 31.44%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 29778 | 28893 | 29331 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394348.SRDUP, 33.36%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 2582 | 2505 | 2543 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394390.SRDUP, 27.09%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 5485 | 5323 | 5443 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394524.SRDUP, 31.23%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 22400 | 21734 | 22113 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394559.SRDUP, 27.04%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 1178 | 1143 | 1162 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394562.SRDUP, 33.19%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 19877 | 19286 | 19613 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394585.SRDUP, 31.57%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 1390 | 1348 | 1369 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394632.SRDUP, 28.05%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 4959 | 4812 | 4886 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394639.SRDUP, 24.59%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 7220 | 7011 | 7116 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394733.SRDUP, 29.28%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 4910 | 4784 | 4824 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394736.SRDUP, 33.68%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 4965 | 4817 | 4890 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394739.SRDUP, 33.89%, 09/02/2027 (a)(j)(k) | Upstart | 09/08/2022 | 4025 | 3905 | 3958 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394765.SRDUP, 34.33%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 5959 | 5802 | 5869 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394769.SRDUP, 32.91%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 2085 | 2023 | 2054 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394775.SRDUP, 34.16%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 6555 | 6359 | 6455 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394809.SRDUP, 15.08%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 5819 | 5648 | 5777 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394816.SRDUP, 29.97%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 3471 | 3368 | 3419 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394855.SRDUP, 29.54%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 1389 | 1348 | 1368 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394873.SRDUP, 27.45%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 1487 | 1444 | 1471 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394887.SRDUP, 24.06%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 9910 | 9616 | 9768 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394890.SRDUP, 34.35%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 6952 | 6745 | 6847 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394891.SRDUP, 21.89%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 43297 | 42024 | 42846 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394942.SRDUP, 32.97%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 5898 | 5726 | 5793 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3394992.SRDUP, 16.05%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 32197 | 31245 | 31963 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395002.SRDUP, 27.44%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 2777 | 2695 | 2737 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395034.SRDUP, 24.83%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 27554 | 26738 | 27151 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395077.SRDUP, 33.93%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 3674 | 3565 | 3619 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395114.SRDUP, 33.38%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 2582 | 2505 | 2543 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395145.SRDUP, 33.96%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 7866 | 7637 | 7719 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395148.SRDUP, 32.03%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 4269 | 4142 | 4204 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395210.SRDUP, 29.75%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 5733 | 5566 | 5629 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395231.SRDUP, 20.83%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 11090 | 10800 | 10933 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395232.SRDUP, 29.72%, 09/02/2027 (a)(j)(k) | Upstart | 09/08/2022 | 9906 | 9612 | 9758 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395243.SRDUP, 9.9%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 9759 | 9480 | 9717 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395244.SRDUP, 34.35%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 5959 | 5782 | 5869 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395271.SRDUP, 23.03%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 14861 | 14421 | 14688 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395285.SRDUP, 15.35%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 3921 | 3809 | 3894 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3395340.SRDUP, 31.87%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 8981 | 8715 | 8842 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3398692.SRDUP, 30.06%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 1985 | 1933 | 1958 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3399302.SRDUP, 10.61%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 47187 | 45803 | 47098 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3400399.SRDUP, 32.16%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 2879 | 2793 | 2841 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401114.SRDUP, 34%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 3855 | 3740 | 3802 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401125.SRDUP, 26.3%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 6940 | 6735 | 6893 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401153.SRDUP, 30.81%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 1092 | 1059 | 1077 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401342.SRDUP, 27.85%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 2249 | 2183 | 2213 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401466.SRDUP, 28.93%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 4960 | 4813 | 4895 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401482.SRDUP, 34.37%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 6128 | 5945 | 6044 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401543.SRDUP, 30.71%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 1092 | 1059 | 1077 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401732.SRDUP, 34.63%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 12912 | 12528 | 12738 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401733.SRDUP, 28.09%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 6531 | 6360 | 6445 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401741.SRDUP, 32.7%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 2284 | 2216 | 2253 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401789.SRDUP, 16.65%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 16319 | 15838 | 16212 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401844.SRDUP, 13.55%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 1976 | 1918 | 1969 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**97** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401923.SRDUP, 29.26%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | $6579 | $6389 | $6469 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401949.SRDUP, 25.79%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 3924 | 3810 | 3863 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3401956.SRDUP, 30.85%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 3832 | 3720 | 3771 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3402005.SRDUP, 33.56%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 3078 | 2987 | 3037 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3402025.SRDUP, 26.61%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 5201 | 5050 | 5120 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3402068.SRDUP, 18.67%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 2771 | 2689 | 2753 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3402095.SRDUP, 33.38%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 5461 | 5299 | 5388 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3402261.SRDUP, 34.43%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 6356 | 6167 | 6271 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3402288.SRDUP, 22.68%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 1960 | 1910 | 1937 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3402447.SRDUP, 15.12%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 2929 | 2845 | 2907 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3402478.SRDUP, 34.66%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 11621 | 11275 | 11464 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3402560.SRDUP, 29.71%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 24310 | 23589 | 23989 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3402644.SRDUP, 30.58%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 17864 | 17334 | 17627 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3402647.SRDUP, 18.09%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 27011 | 26215 | 26834 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3402662.SRDUP, 33.2%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 2372 | 2301 | 2340 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3479023.SRDUP, 29.93%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2400 | 2328 | 2381 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3495500.SRDUP, 29.99%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 12000 | 11640 | 11920 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3496038.SRDUP, 18.33%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 1000 | 970 | 994 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3497840.SRDUP, 24.46%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1200 | 1164 | 1192 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3497901.SRDUP, 17.34%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 15222 | 14768 | 15171 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3498416.SRDUP, 30.04%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3400 | 3298 | 3373 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499212.SRDUP, 25.91%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 8500 | 8246 | 8444 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499282.SRDUP, 25.6%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 10800 | 10476 | 10715 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499318.SRDUP, 27.64%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 8900 | 8633 | 8841 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499323.SRDUP, 24.17%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1700 | 1649 | 1689 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499342.SRDUP, 29.93%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 6800 | 6620 | 6745 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499546.SRDUP, 25.8%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4500 | 4365 | 4464 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499581.SRDUP, 24.52%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 17400 | 16878 | 17306 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499634.SRDUP, 24.31%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2300 | 2231 | 2285 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499705.SRDUP, 29.21%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1400 | 1358 | 1389 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499709.SRDUP, 23.87%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1500 | 1455 | 1492 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499754.SRDUP, 27.16%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 1400 | 1358 | 1388 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499758.SRDUP, 11.55%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1000 | 970 | 998 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499772.SRDUP, 28.67%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 7800 | 7566 | 7738 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499773.SRDUP, 26.76%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 5000 | 4850 | 4960 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499814.SRDUP, 29.62%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2300 | 2231 | 2282 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499818.SRDUP, 19.72%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3400 | 3298 | 3382 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499836.SRDUP, 20.93%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3396 | 3294 | 3374 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499837.SRDUP, 27.98%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 10000 | 9700 | 9920 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499839.SRDUP, 29.37%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1500 | 1455 | 1488 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499853.SRDUP, 29.93%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2400 | 2328 | 2381 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499856.SRDUP, 26.88%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2300 | 2231 | 2282 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499873.SRDUP, 29.53%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1400 | 1358 | 1389 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499876.SRDUP, 23.1%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 41300 | 40061 | 41030 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499879.SRDUP, 17.31%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 7800 | 7593 | 7775 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499882.SRDUP, 25.15%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 12800 | 12417 | 12690 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499923.SRDUP, 29.63%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 6500 | 6305 | 6448 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499968.SRDUP, 19.82%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4000 | 3880 | 3979 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499976.SRDUP, 28.02%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4844 | 4699 | 4806 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499977.SRDUP, 11.97%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 8000 | 7761 | 7985 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499993.SRDUP, 18.48%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 6700 | 6499 | 6678 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3499999.SRDUP, 30.04%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2400 | 2328 | 2381 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500029.SRDUP, 29.56%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2800 | 2726 | 2778 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500035.SRDUP, 28.37%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 36200 | 35114 | 35911 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500039.SRDUP, 29.98%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1300 | 1266 | 1290 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500053.SRDUP, 27.47%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 2400 | 2328 | 2379 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500096.SRDUP, 27.38%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 1000 | 970 | 993 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**98** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500123.SRDUP, 27.89%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | $10000 | $9700 | $9920 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500131.SRDUP, 15.16%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 27800 | 26967 | 27712 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500140.SRDUP, 29.94%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2500 | 2425 | 2480 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500145.SRDUP, 25.65%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 10800 | 10476 | 10729 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500172.SRDUP, 23.64%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 30000 | 29205 | 29839 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500176.SRDUP, 29.93%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 5400 | 5238 | 5370 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500211.SRDUP, 12.15%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 11200 | 10904 | 11180 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500223.SRDUP, 25.75%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2800 | 2716 | 2782 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500238.SRDUP, 28.64%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1100 | 1071 | 1094 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500263.SRDUP, 12.51%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 15000 | 14551 | 14973 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500283.SRDUP, 29.57%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1600 | 1552 | 1591 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500291.SRDUP, 29.93%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 9400 | 9118 | 9368 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500296.SRDUP, 21.42%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2500 | 2425 | 2487 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500297.SRDUP, 18.45%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 22300 | 21631 | 22228 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500298.SRDUP, 29.5%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1100 | 1071 | 1091 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500319.SRDUP, 29.13%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4000 | 3880 | 3973 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500322.SRDUP, 19.73%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 16000 | 15520 | 15916 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500327.SRDUP, 29.67%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 15600 | 15132 | 15475 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500335.SRDUP, 26.54%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4000 | 3880 | 3974 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500340.SRDUP, 23.58%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 6000 | 5821 | 5961 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500342.SRDUP, 20.29%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 25000 | 24250 | 24868 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500372.SRDUP, 23%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 13400 | 13045 | 13312 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500392.SRDUP, 30%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1000 | 974 | 992 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500395.SRDUP, 15.25%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 16700 | 16203 | 16630 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500397.SRDUP, 29.48%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4000 | 3880 | 3968 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500398.SRDUP, 16.89%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 6000 | 5821 | 5975 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500428.SRDUP, 28.33%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2700 | 2619 | 2682 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500435.SRDUP, 29.64%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1900 | 1843 | 1885 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500450.SRDUP, 27.44%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 6000 | 5820 | 5952 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500464.SRDUP, 25.56%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 2300 | 2231 | 2280 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500490.SRDUP, 26.51%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 13000 | 12610 | 12897 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500521.SRDUP, 24.81%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 2800 | 2716 | 2782 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500523.SRDUP, 27.39%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3000 | 2910 | 2984 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500536.SRDUP, 12.55%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 15000 | 14551 | 14973 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500545.SRDUP, 28.98%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 27000 | 26190 | 26820 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500552.SRDUP, 23.27%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 5000 | 4851 | 4967 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500553.SRDUP, 27.33%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 1900 | 1843 | 1884 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500560.SRDUP, 28.6%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 22300 | 21631 | 22122 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500575.SRDUP, 25.61%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 6000 | 5820 | 5960 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500577.SRDUP, 22.11%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 11000 | 10670 | 10964 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500578.SRDUP, 16.33%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 17000 | 16491 | 16946 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500590.SRDUP, 22.38%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3800 | 3686 | 3780 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500595.SRDUP, 27.47%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 1000 | 970 | 991 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500596.SRDUP, 30.01%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4400 | 4268 | 4365 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500598.SRDUP, 25.42%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 44600 | 43262 | 44306 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500603.SRDUP, 29.08%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 15000 | 14550 | 14880 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500616.SRDUP, 18.76%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 15000 | 14553 | 14904 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500621.SRDUP, 29.79%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1900 | 1843 | 1885 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500623.SRDUP, 24.79%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 4500 | 4365 | 4462 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500625.SRDUP, 27.39%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 1100 | 1067 | 1091 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500650.SRDUP, 28.87%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 6000 | 5820 | 5952 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500656.SRDUP, 34.46%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 7000 | 6790 | 6943 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500671.SRDUP, 27.52%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 3800 | 3686 | 3775 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500703.SRDUP, 28.02%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 11700 | 11349 | 11607 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500705.SRDUP, 30.08%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 20100 | 19497 | 19939 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500721.SRDUP, 29.74%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 49900 | 48403 | 49500 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500728.SRDUP, 23.77%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 4500 | 4366 | 4471 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**99** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500732.SRDUP, 24.3%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | $6700 | $6499 | $6664 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500736.SRDUP, 30.01%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1600 | 1552 | 1587 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500743.SRDUP, 24.1%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 15600 | 15187 | 15498 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500761.SRDUP, 22.35%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 4500 | 4366 | 4471 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500765.SRDUP, 23.74%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 16700 | 16199 | 16569 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500768.SRDUP, 29.79%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1176 | 1141 | 1166 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500778.SRDUP, 26.15%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 5000 | 4850 | 4957 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500784.SRDUP, 29.82%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2300 | 2231 | 2282 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500785.SRDUP, 29.95%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2700 | 2619 | 2678 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500786.SRDUP, 29.96%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 9000 | 8730 | 8928 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500793.SRDUP, 30.02%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1500 | 1455 | 1488 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500796.SRDUP, 24.93%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 7000 | 6791 | 6940 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500804.SRDUP, 24.54%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 1000 | 970 | 991 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500812.SRDUP, 27.42%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 11200 | 10864 | 11139 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500921.SRDUP, 12.21%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 2300 | 2232 | 2294 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500931.SRDUP, 29.45%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4500 | 4365 | 4464 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500941.SRDUP, 22.77%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1800 | 1746 | 1788 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500943.SRDUP, 27.44%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 11200 | 10864 | 11126 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500951.SRDUP, 29.33%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 5000 | 4850 | 4960 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500994.SRDUP, 29.27%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1000 | 970 | 992 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3500998.SRDUP, 28.63%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4700 | 4559 | 4669 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501022.SRDUP, 11.8%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 44500 | 43170 | 44419 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501027.SRDUP, 27.51%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 18900 | 18399 | 18750 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501054.SRDUP, 27.15%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 11000 | 10670 | 10913 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501071.SRDUP, 27.32%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 14100 | 13677 | 13988 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501080.SRDUP, 28.48%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 41200 | 39964 | 40871 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501100.SRDUP, 22.14%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 17800 | 17266 | 17705 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501118.SRDUP, 28.5%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4500 | 4365 | 4464 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501127.SRDUP, 21.19%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 1000 | 970 | 994 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501142.SRDUP, 29.97%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1200 | 1164 | 1190 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501152.SRDUP, 27.56%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 35000 | 33950 | 34722 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501162.SRDUP, 26.17%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 7500 | 7275 | 7441 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501180.SRDUP, 16.17%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 23500 | 22796 | 23425 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501197.SRDUP, 29.09%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1200 | 1164 | 1190 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501198.SRDUP, 25.77%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 1200 | 1164 | 1190 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501227.SRDUP, 30.05%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2600 | 2522 | 2583 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501229.SRDUP, 26.78%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 11200 | 10864 | 11111 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501251.SRDUP, 18.41%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 12000 | 11640 | 11961 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501258.SRDUP, 29.73%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1100 | 1067 | 1091 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501262.SRDUP, 29.26%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3000 | 2910 | 2976 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501264.SRDUP, 26.76%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 6000 | 5820 | 5952 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501289.SRDUP, 29.85%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3300 | 3201 | 3274 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501295.SRDUP, 29.8%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2000 | 1940 | 1984 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501303.SRDUP, 29.89%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2900 | 2823 | 2877 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501308.SRDUP, 28.56%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 6700 | 6499 | 6647 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501310.SRDUP, 29.7%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1200 | 1164 | 1190 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501329.SRDUP, 27.65%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 9000 | 8730 | 8928 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501338.SRDUP, 29.94%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 11800 | 11446 | 11721 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501368.SRDUP, 24.11%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 15000 | 14550 | 14882 |
| &nbsp;&nbsp;&nbsp;&nbsp; FW3501398.SRDUP, 21.49%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 50000 | 48500 | 49675 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3265831.SRDUP, 23.14%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1460 | 1460 | 1444 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3268810.SRDUP, 19.1%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 7757 | 7757 | 7716 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3279284.SRDUP, 24.4%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 2143 | 2143 | 2119 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3282815.SRDUP, 20.86%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 33991 | 33991 | 33671 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3283486.SRDUP, 16.28%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2902 | 2902 | 2886 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3283655.SRDUP, 24.33%, 07/20/2027 (a)(j)(k) | Upstart | 07/25/2022 | 11851 | 11851 | 11252 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3288703.SRDUP, 17.47%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 3873 | 3873 | 3850 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**100** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3288889.SRDUP, 20.6%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | $4623 | $4623 | $4587 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3290827.SRDUP, 21.72%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 14189 | 14189 | 14060 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3290939.SRDUP, 16.53%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 32312 | 32312 | 32123 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291069.SRDUP, 24.26%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 2817 | 2817 | 2790 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291096.SRDUP, 23.75%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 1168 | 1168 | 1158 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291098.SRDUP, 19.78%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 4269 | 4269 | 4229 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291148.SRDUP, 14.82%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 3863 | 3863 | 3841 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291149.SRDUP, 21.66%, 07/18/2025 (a)(j) | Upstart | 07/21/2022 | 4697 | 4697 | 4648 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291157.SRDUP, 24.36%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 9253 | 9253 | 9165 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291176.SRDUP, 18.37%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 896 | 896 | 891 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291291.SRDUP, 21.66%, 07/18/2025 (a)(j) | Upstart | 07/21/2022 | 1343 | 1343 | 1326 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291319.SRDUP, 24.33%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 4480 | 4480 | 4428 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291359.SRDUP, 16.88%, 07/18/2027 (a)(j) | Upstart | 07/21/2022 | 4808 | 4808 | 4773 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291468.SRDUP, 24.41%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 3464 | 3464 | 3419 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291531.SRDUP, 26.4%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 9853 | 9853 | 9762 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291551.SRDUP, 21.55%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 3304 | 3304 | 3267 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291594.SRDUP, 19.14%, 07/19/2027 (a)(j)(k) | Upstart | 07/22/2022 | 14108 | 14156 | 13419 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291614.SRDUP, 19.03%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 3685 | 3685 | 3663 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291615.SRDUP, 24.31%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 1558 | 1558 | 1544 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291621.SRDUP, 24.41%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 28441 | 28441 | 28119 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291691.SRDUP, 13.34%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 7704 | 7704 | 7650 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291740.SRDUP, 23.24%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 13623 | 13623 | 13469 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291772.SRDUP, 17.28%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 5421 | 5421 | 5390 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291813.SRDUP, 24.2%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 4285 | 4285 | 4236 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291872.SRDUP, 23.71%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 6133 | 6133 | 6063 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291879.SRDUP, 24.41%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 1656 | 1661 | 1637 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291907.SRDUP, 24.4%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 6818 | 6818 | 6741 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291992.SRDUP, 24.35%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 7597 | 7597 | 7511 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292033.SRDUP, 18.2%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 14534 | 14534 | 14449 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292086.SRDUP, 24.15%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 27072 | 27072 | 26825 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292091.SRDUP, 9.84%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 7688 | 7688 | 7676 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292141.SRDUP, 14.93%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 19218 | 19218 | 19136 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292188.SRDUP, 24.2%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 1461 | 1461 | 1444 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292189.SRDUP, 18.56%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 31310 | 31310 | 29743 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292206.SRDUP, 22.62%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 10272 | 10272 | 10159 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292210.SRDUP, 18.6%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 10662 | 10662 | 10599 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292268.SRDUP, 24.07%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 13145 | 13145 | 13025 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292269.SRDUP, 21.49%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 7774 | 7774 | 7703 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292285.SRDUP, 20.95%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 1651 | 1651 | 1636 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292286.SRDUP, 21.53%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 12145 | 12145 | 12034 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292293.SRDUP, 19.3%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 4849 | 4849 | 4805 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292304.SRDUP, 12.31%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 30927 | 30927 | 30820 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292306.SRDUP, 21%, 07/19/2025 (a)(j) | Upstart | 07/22/2022 | 4694 | 4694 | 4647 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292335.SRDUP, 24.3%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 1461 | 1461 | 1448 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292347.SRDUP, 20.06%, 07/19/2025 (a)(j) | Upstart | 07/22/2022 | 4690 | 4690 | 4642 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292349.SRDUP, 20.94%, 07/19/2025 (a)(j) | Upstart | 07/22/2022 | 1220 | 1224 | 1208 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292376.SRDUP, 19.31%, 07/19/2025 (a)(j) | Upstart | 07/22/2022 | 8435 | 8463 | 8350 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292401.SRDUP, 21.17%, 12/19/2027 (a)(j)(k) | Upstart | 07/22/2022 | 2944 | 2944 | 2925 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292406.SRDUP, 20.05%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 3882 | 3882 | 3847 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292418.SRDUP, 20.73%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 11420 | 11420 | 11276 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292424.SRDUP, 24.05%, 07/19/2027 (a)(j)(k) | Upstart | 07/22/2022 | 4466 | 4466 | 4278 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292425.SRDUP, 23.78%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 6523 | 6523 | 6449 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292457.SRDUP, 18.59%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 7269 | 7269 | 7203 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292483.SRDUP, 21.53%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 9079 | 9079 | 8977 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292484.SRDUP, 17.39%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 7718 | 7718 | 7685 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292493.SRDUP, 18.76%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 1163 | 1163 | 1157 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292501.SRDUP, 17.83%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 26927 | 26927 | 26769 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**101** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292511.SRDUP, 23.98%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | $9750 | $9750 | $9640 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292537.SRDUP, 21.03%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 11319 | 11319 | 11190 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292538.SRDUP, 13.06%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 3769 | 3781 | 3756 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292584.SRDUP, 15.32%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 966 | 966 | 961 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292655.SRDUP, 17.26%, 07/19/2025 (a)(j) | Upstart | 07/22/2022 | 938 | 938 | 933 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292688.SRDUP, 24.2%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 2240 | 2240 | 2214 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292702.SRDUP, 23.84%, 07/19/2027 (a)(j)(k) | Upstart | 07/22/2022 | 1188 | 1188 | 1132 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3292703.SRDUP, 15.6%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 28321 | 28321 | 28155 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3293908.SRDUP, 22.82%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1167 | 1167 | 1157 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3294053.SRDUP, 10.92%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 48104 | 48104 | 48032 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3294496.SRDUP, 16.02%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 6479 | 6479 | 6442 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3294776.SRDUP, 26.75%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 3462 | 3462 | 3444 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3294888.SRDUP, 21.11%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 2233 | 2233 | 2209 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3294907.SRDUP, 20.96%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 48562 | 48562 | 48031 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3294929.SRDUP, 24.4%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 2435 | 2435 | 2408 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3294963.SRDUP, 12.45%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 930 | 930 | 926 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295007.SRDUP, 24.33%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 974 | 974 | 963 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295087.SRDUP, 24.33%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1656 | 1656 | 1638 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295117.SRDUP, 11.03%, 07/20/2027 (a)(j)(k) | Upstart | 07/25/2022 | 48755 | 48755 | 46219 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295150.SRDUP, 24.32%, 07/20/2027 (a)(j)(k) | Upstart | 07/25/2022 | 15296 | 15349 | 14601 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295171.SRDUP, 20.62%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1942 | 1942 | 1931 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295185.SRDUP, 19.25%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 17588 | 17588 | 17451 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295187.SRDUP, 21.54%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 2916 | 2916 | 2891 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295286.SRDUP, 24.38%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 3986 | 3986 | 3957 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295296.SRDUP, 17.83%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 9686 | 9686 | 9631 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295312.SRDUP, 24.12%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1350 | 1350 | 1336 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295314.SRDUP, 15.36%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 9664 | 9664 | 9609 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295330.SRDUP, 17.04%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 24197 | 24197 | 24060 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295527.SRDUP, 11.77%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 15407 | 15407 | 15357 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295622.SRDUP, 18.14%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 936 | 936 | 931 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295635.SRDUP, 22.54%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 22368 | 22368 | 22123 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295719.SRDUP, 21.8%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1555 | 1555 | 1541 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295740.SRDUP, 16.93%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 6839 | 6839 | 6799 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295754.SRDUP, 18.51%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 22043 | 22043 | 21887 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295812.SRDUP, 23.63%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 2434 | 2434 | 2407 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295833.SRDUP, 16.66%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 7740 | 7740 | 7696 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295847.SRDUP, 24.29%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 20257 | 20257 | 20078 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295869.SRDUP, 22.91%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 973 | 973 | 962 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295929.SRDUP, 10.65%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 5771 | 5771 | 5762 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295938.SRDUP, 21.8%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 12635 | 12635 | 12524 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295957.SRDUP, 14.74%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 13991 | 13991 | 13922 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3295998.SRDUP, 11.03%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 4656 | 4671 | 4638 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296001.SRDUP, 21.8%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 24211 | 24211 | 23952 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296005.SRDUP, 18.09%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 2153 | 2153 | 2132 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296010.SRDUP, 10.92%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 9621 | 9621 | 9606 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296020.SRDUP, 21.94%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 3723 | 3723 | 3682 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296030.SRDUP, 24.19%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 14172 | 14172 | 13980 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296053.SRDUP, 24.32%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 7889 | 7889 | 7819 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296077.SRDUP, 19.61%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 5625 | 5625 | 5570 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296098.SRDUP, 24.25%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1753 | 1753 | 1734 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296115.SRDUP, 24.22%, 07/20/2027 (a)(j)(k) | Upstart | 07/25/2022 | 4031 | 4031 | 3836 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296144.SRDUP, 24.09%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1948 | 1948 | 1931 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296164.SRDUP, 23.6%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 6486 | 6486 | 6399 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296182.SRDUP, 16.23%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 4836 | 4836 | 4809 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296234.SRDUP, 24.12%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 3895 | 3895 | 3861 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296260.SRDUP, 24.28%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 2045 | 2045 | 2023 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296277.SRDUP, 11.15%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 962 | 962 | 961 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**102** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296311.SRDUP, 9.72%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | $5524 | $5524 | $5497 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296324.SRDUP, 24.3%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 4285 | 4285 | 4238 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296347.SRDUP, 24.05%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 1558 | 1558 | 1541 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296349.SRDUP, 13.33%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 15913 | 15913 | 15860 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296360.SRDUP, 15.82%, 07/20/2025 (a)(j) | Upstart | 07/25/2022 | 7456 | 7456 | 7408 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296432.SRDUP, 17.9%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 5812 | 5812 | 5779 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296449.SRDUP, 23.99%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 3895 | 3895 | 3861 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296542.SRDUP, 16.31%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 16830 | 16830 | 16773 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296721.SRDUP, 17.81%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 14037 | 14037 | 13905 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296889.SRDUP, 9.69%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 9739 | 9458 | 9720 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3296952.SRDUP, 20.36%, 07/21/2027 (a)(j)(k) | Upstart | 07/26/2022 | 11200 | 11239 | 2295 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3297187.SRDUP, 24.2%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1266 | 1266 | 1255 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3297380.SRDUP, 20.18%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1165 | 1165 | 1155 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3297695.SRDUP, 23.68%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 2239 | 2239 | 2215 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3297731.SRDUP, 18.32%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1163 | 1163 | 1156 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3297779.SRDUP, 24.2%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1610 | 1610 | 1591 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3297783.SRDUP, 19.35%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 7759 | 7759 | 7716 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3297815.SRDUP, 14.37%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 1865 | 1865 | 1856 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298015.SRDUP, 13.99%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 6602 | 6602 | 6575 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298066.SRDUP, 20.29%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 19414 | 19414 | 19307 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298107.SRDUP, 14.9%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 8389 | 8389 | 8333 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298192.SRDUP, 11.35%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 929 | 929 | 926 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298210.SRDUP, 17.38%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 15975 | 16029 | 15887 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298216.SRDUP, 16.63%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 3645 | 3645 | 3625 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298270.SRDUP, 10.7%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 7757 | 7757 | 7721 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298278.SRDUP, 20.6%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 2233 | 2233 | 2214 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298279.SRDUP, 24.37%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 6039 | 6059 | 5989 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298280.SRDUP, 16.01%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 17839 | 17899 | 17719 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298301.SRDUP, 21.46%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 5441 | 5441 | 5384 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298306.SRDUP, 14.33%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 3729 | 3729 | 3711 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298312.SRDUP, 10.25%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 34610 | 34610 | 34560 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298313.SRDUP, 22.74%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 6031 | 6031 | 5979 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298320.SRDUP, 18.26%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 2341 | 2341 | 2319 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298321.SRDUP, 17.55%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 1871 | 1871 | 1853 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298339.SRDUP, 16.93%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 1870 | 1870 | 1859 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298342.SRDUP, 21.97%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 29960 | 29960 | 29648 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298343.SRDUP, 23.21%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 11677 | 11677 | 11577 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298354.SRDUP, 14.05%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 7680 | 7680 | 7628 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298356.SRDUP, 24.38%, 07/21/2027 (a)(j)(k) | Upstart | 07/26/2022 | 1180 | 1180 | 1125 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298363.SRDUP, 18.13%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 2916 | 2916 | 2900 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298367.SRDUP, 21.94%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1458 | 1458 | 1446 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298384.SRDUP, 20.12%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 43671 | 43671 | 43430 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298391.SRDUP, 18.82%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 6786 | 6786 | 6728 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298404.SRDUP, 23.97%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1363 | 1363 | 1351 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298433.SRDUP, 18.5%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 2908 | 2908 | 2891 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298434.SRDUP, 23.13%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 14595 | 14595 | 14440 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298443.SRDUP, 14.46%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 7731 | 7731 | 7688 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298445.SRDUP, 23.97%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1363 | 1363 | 1349 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298448.SRDUP, 15.61%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 48330 | 48330 | 48063 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298457.SRDUP, 17.9%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 5322 | 5322 | 5286 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298461.SRDUP, 19.96%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 9681 | 9681 | 9616 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298489.SRDUP, 20.03%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 27685 | 27685 | 27533 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298494.SRDUP, 19.83%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 2409 | 2409 | 2376 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298508.SRDUP, 17.3%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 11617 | 11617 | 11553 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298533.SRDUP, 14.03%, 07/21/2027 (a)(j)(k) | Upstart | 07/26/2022 | 6570 | 6570 | 6233 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298581.SRDUP, 18.25%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 14534 | 14534 | 14454 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298584.SRDUP, 16.45%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 6771 | 6771 | 6734 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**103** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298607.SRDUP, 20.95%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | $18076 | $18076 | $17887 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298608.SRDUP, 13.55%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 1929 | 1929 | 1923 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298613.SRDUP, 19.79%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 14556 | 14556 | 14476 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298614.SRDUP, 12.12%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 14449 | 14449 | 14402 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298621.SRDUP, 12.01%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 12714 | 12714 | 12672 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298658.SRDUP, 17.4%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 9198 | 9198 | 9147 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298669.SRDUP, 24.15%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 9835 | 9835 | 9755 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298670.SRDUP, 13.82%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 5002 | 5002 | 4972 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298673.SRDUP, 9.91%, 07/21/2025 (a)(j) | Upstart | 07/26/2022 | 4630 | 4630 | 4608 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298677.SRDUP, 15.73%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 7734 | 7734 | 7691 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298680.SRDUP, 14%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 3281 | 3281 | 3263 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298698.SRDUP, 14.63%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 19314 | 19314 | 19207 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3298700.SRDUP, 15.26%, 07/21/2027 (a)(j) | Upstart | 07/26/2022 | 24157 | 24157 | 24023 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3299382.SRDUP, 23.03%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 9651 | 9651 | 9585 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3299583.SRDUP, 24.04%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1947 | 1947 | 1930 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3299969.SRDUP, 20.95%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 6799 | 6799 | 6743 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3300640.SRDUP, 21.15%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 7846 | 7846 | 7766 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3300781.SRDUP, 18.92%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 3749 | 3749 | 3715 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3301225.SRDUP, 12.79%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1952 | 1895 | 1944 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3301230.SRDUP, 24.28%, 07/22/2027 (a)(j)(k) | Upstart | 07/27/2022 | 983 | 983 | 936 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3301445.SRDUP, 26.76%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2066 | 2005 | 2035 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3301492.SRDUP, 17.07%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 3872 | 3872 | 3851 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3301845.SRDUP, 24.08%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 6812 | 6812 | 6767 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3301932.SRDUP, 16.54%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 24766 | 24766 | 24634 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3301939.SRDUP, 23.78%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2823 | 2823 | 2794 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3301951.SRDUP, 16.9%, 07/22/2027 (a)(j)(k) | Upstart | 07/27/2022 | 3035 | 3035 | 2882 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3301991.SRDUP, 22.02%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2916 | 2916 | 2892 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3301996.SRDUP, 24.3%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 963 | 963 | 949 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302000.SRDUP, 10.94%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 26543 | 26543 | 26495 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302031.SRDUP, 23.66%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 14542 | 14542 | 14395 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302139.SRDUP, 23.26%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 29193 | 29193 | 28951 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302201.SRDUP, 24.2%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 3701 | 3701 | 3663 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302203.SRDUP, 24.02%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1753 | 1753 | 1735 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302210.SRDUP, 24.3%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 3896 | 3896 | 3856 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302285.SRDUP, 9.54%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 3431 | 3431 | 3418 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302358.SRDUP, 19.61%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 3750 | 3750 | 3716 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302377.SRDUP, 19.49%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 17557 | 17557 | 17463 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302433.SRDUP, 24.09%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1948 | 1948 | 1931 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302554.SRDUP, 20.36%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 938 | 941 | 930 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302579.SRDUP, 24.22%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 18503 | 18503 | 18313 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302589.SRDUP, 12.26%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 346 | 346 | 346 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302824.SRDUP, 13.35%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 13502 | 13548 | 13430 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302862.SRDUP, 13.36%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1447 | 1447 | 1442 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302921.SRDUP, 18.39%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 6224 | 6224 | 6180 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3302938.SRDUP, 24.37%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 9100 | 9100 | 1990 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3303010.SRDUP, 23.22%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2919 | 2919 | 2904 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3303115.SRDUP, 24.13%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2824 | 2824 | 2795 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3303191.SRDUP, 16.68%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 15481 | 15481 | 15398 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3303226.SRDUP, 21.72%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 13196 | 13237 | 13078 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3303292.SRDUP, 19.03%, 07/22/2025 (a)(j) | Upstart | 07/27/2022 | 6525 | 6525 | 6485 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3303301.SRDUP, 23.73%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 1266 | 1266 | 1253 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3303372.SRDUP, 24.33%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 2630 | 2630 | 2608 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3303535.SRDUP, 12.58%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 12046 | 12087 | 12013 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304210.SRDUP, 20.61%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 4855 | 4855 | 4819 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304312.SRDUP, 15.67%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 6186 | 6186 | 6157 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304403.SRDUP, 24.1%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 4479 | 4479 | 4438 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304415.SRDUP, 15.97%, 07/25/2025 (a)(j) | Upstart | 07/28/2022 | 5604 | 5604 | 5578 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**104** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304475.SRDUP, 15.48%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | $32377 | $32377 | $32220 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304489.SRDUP, 24.35%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 5844 | 5844 | 5790 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304500.SRDUP, 23.76%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 2531 | 2531 | 2508 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304544.SRDUP, 24.4%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 7597 | 7597 | 7548 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304576.SRDUP, 22.93%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 5263 | 5263 | 5200 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304592.SRDUP, 21.37%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 8550 | 8550 | 8487 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304611.SRDUP, 24.36%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 9058 | 9058 | 9014 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304650.SRDUP, 18.55%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 3683 | 3683 | 3665 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304654.SRDUP, 20.58%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 7356 | 7356 | 7311 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304669.SRDUP, 18.76%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 4847 | 4847 | 4824 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304673.SRDUP, 24.34%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1266 | 1266 | 1254 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304686.SRDUP, 14.98%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 4347 | 4347 | 4326 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304693.SRDUP, 13.67%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 28943 | 28943 | 28860 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304867.SRDUP, 21.38%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 5830 | 5830 | 5776 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304894.SRDUP, 19.91%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 10674 | 10674 | 10623 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304898.SRDUP, 19.25%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1627 | 1627 | 1617 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304935.SRDUP, 12.34%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 5396 | 5396 | 5380 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3304999.SRDUP, 24.11%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 4326 | 4326 | 4298 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305013.SRDUP, 9.95%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 2607 | 2607 | 2603 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305014.SRDUP, 22.37%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 30922 | 30922 | 30693 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305021.SRDUP, 11.57%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 9339 | 9339 | 9327 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305031.SRDUP, 24.4%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 3799 | 3799 | 3764 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305053.SRDUP, 24.22%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1071 | 1071 | 1066 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305091.SRDUP, 24.38%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 2435 | 2435 | 2413 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305130.SRDUP, 21.96%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 26246 | 26246 | 26051 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305149.SRDUP, 12.1%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 8167 | 8195 | 8137 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305233.SRDUP, 14.86%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 16099 | 16099 | 16039 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305248.SRDUP, 16.26%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 2902 | 2902 | 2888 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305259.SRDUP, 24.21%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 1966 | 1973 | 1954 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305316.SRDUP, 24.05%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1071 | 1071 | 1061 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305321.SRDUP, 21.67%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 8600 | 8600 | 8520 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305326.SRDUP, 23.69%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 16257 | 16257 | 16107 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305377.SRDUP, 11.47%, 07/25/2025 (a)(j) | Upstart | 07/28/2022 | 9294 | 9324 | 9262 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305415.SRDUP, 24.32%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 3293 | 3293 | 3254 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305423.SRDUP, 14.87%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 3864 | 3864 | 3845 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305429.SRDUP, 21.22%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1925 | 1925 | 1913 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305475.SRDUP, 19.72%, 07/25/2025 (a)(j) | Upstart | 07/28/2022 | 9376 | 9407 | 9301 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305486.SRDUP, 9.45%, 07/25/2025 (a)(j) | Upstart | 07/28/2022 | 4172 | 4172 | 4158 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305539.SRDUP, 24.37%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 4501 | 4501 | 4446 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305566.SRDUP, 23.18%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 22823 | 22823 | 22766 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305582.SRDUP, 11.14%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 3368 | 3368 | 3358 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305584.SRDUP, 15.57%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 47278 | 47278 | 46983 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305587.SRDUP, 24.27%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 3391 | 3391 | 3349 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305643.SRDUP, 16.41%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 30431 | 30431 | 30246 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305645.SRDUP, 11.17%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 7699 | 7699 | 7676 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305657.SRDUP, 24.05%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 12122 | 12122 | 11974 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305697.SRDUP, 21.53%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 3401 | 3401 | 3376 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305703.SRDUP, 20.6%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 37370 | 37370 | 37021 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305774.SRDUP, 23.07%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 5838 | 5838 | 5784 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305814.SRDUP, 23.55%, 07/25/2027 (a)(j)(k) | Upstart | 07/28/2022 | 1183 | 1187 | 1177 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3305828.SRDUP, 15.54%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 13502 | 13547 | 13420 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309405.SRDUP, 20.41%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 9708 | 9708 | 9639 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309449.SRDUP, 14.45%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 3283 | 3283 | 3267 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309493.SRDUP, 15.78%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 11734 | 11394 | 11648 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309530.SRDUP, 23.84%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 4864 | 4864 | 4811 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309568.SRDUP, 22.91%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 24321 | 24321 | 24207 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309580.SRDUP, 24.06%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 2240 | 2240 | 2220 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**105** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309583.SRDUP, 17.55%, 07/26/2025 (a)(j)(k) | Upstart | 07/29/2022 | $4800 | $4800 | $4774 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309588.SRDUP, 15.02%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 14877 | 14877 | 14808 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309635.SRDUP, 23.1%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 973 | 973 | 966 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309640.SRDUP, 17.81%, 07/26/2025 (a)(j) | Upstart | 07/29/2022 | 3145 | 3145 | 3127 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309665.SRDUP, 12.61%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 9306 | 9306 | 9271 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309682.SRDUP, 18.79%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 7763 | 7763 | 7727 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309688.SRDUP, 15.37%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 5798 | 5798 | 5771 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309704.SRDUP, 14.48%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 7242 | 7242 | 7208 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309713.SRDUP, 15.54%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 6476 | 6476 | 6446 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309767.SRDUP, 13.33%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 11524 | 11524 | 11456 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309835.SRDUP, 24.37%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 1884 | 1884 | 1880 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309855.SRDUP, 17.99%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1912 | 1912 | 1900 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309862.SRDUP, 10.63%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 15085 | 15085 | 15061 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309888.SRDUP, 15.74%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 5800 | 5800 | 5773 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309918.SRDUP, 22.48%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 4712 | 4712 | 4667 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309972.SRDUP, 24.34%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 4031 | 4031 | 4007 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309973.SRDUP, 15.31%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 9143 | 9143 | 9089 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3309983.SRDUP, 18.26%, 07/26/2025 (a)(j) | Upstart | 07/29/2022 | 6554 | 6554 | 6524 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310016.SRDUP, 17.41%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 7068 | 7068 | 7035 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310021.SRDUP, 15.62%, 07/26/2025 (a)(j) | Upstart | 07/29/2022 | 3174 | 3185 | 3160 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310033.SRDUP, 24.33%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 3431 | 3431 | 3411 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310076.SRDUP, 14.52%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 7725 | 7725 | 7689 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310080.SRDUP, 20.73%, 07/26/2025 (a)(j)(k) | Upstart | 07/29/2022 | 4800 | 4800 | 4773 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310205.SRDUP, 16.26%, 07/26/2025 (a)(j) | Upstart | 07/29/2022 | 2328 | 2335 | 2316 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310251.SRDUP, 19.26%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 2909 | 2909 | 2896 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310279.SRDUP, 20.57%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 10195 | 10195 | 10122 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310462.SRDUP, 16.12%, 07/26/2025 (a)(j) | Upstart | 07/29/2022 | 4484 | 4484 | 4464 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310473.SRDUP, 15.61%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 7249 | 7249 | 7229 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310480.SRDUP, 24.32%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 1091 | 1091 | 1090 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310487.SRDUP, 21.76%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 2041 | 2041 | 2026 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310493.SRDUP, 21.57%, 07/26/2025 (a)(j) | Upstart | 07/29/2022 | 14091 | 14091 | 13982 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310527.SRDUP, 21.41%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 2235 | 2235 | 2219 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310533.SRDUP, 17.64%, 07/26/2025 (a)(j) | Upstart | 07/29/2022 | 10440 | 10440 | 10348 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310627.SRDUP, 24.37%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 11006 | 11006 | 10944 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310657.SRDUP, 24.27%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 3214 | 3214 | 3185 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310684.SRDUP, 10.85%, 07/26/2025 (a)(j)(k) | Upstart | 07/29/2022 | 4776 | 4776 | 4766 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310701.SRDUP, 21.37%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 21664 | 21664 | 21472 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310739.SRDUP, 24.24%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 2009 | 2009 | 1985 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310741.SRDUP, 24.19%, 07/26/2027 (a)(j)(k) | Upstart | 07/29/2022 | 5357 | 5357 | 5310 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310766.SRDUP, 20.52%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 32872 | 32872 | 32576 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310792.SRDUP, 24.34%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 4967 | 4967 | 4933 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310855.SRDUP, 17.71%, 07/26/2025 (a)(j) | Upstart | 07/29/2022 | 3275 | 3275 | 3250 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310866.SRDUP, 24.21%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 4772 | 4772 | 4731 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310870.SRDUP, 13.32%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 1929 | 1929 | 1923 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310874.SRDUP, 12.04%, 07/26/2025 (a)(j) | Upstart | 07/29/2022 | 1106 | 1106 | 1100 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310892.SRDUP, 24.35%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 15875 | 15875 | 15735 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3310898.SRDUP, 14.89%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 2415 | 2415 | 2404 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3311085.SRDUP, 22.93%, 07/26/2027 (a)(j) | Upstart | 07/29/2022 | 48316 | 48316 | 47770 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3311095.SRDUP, 24.39%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 5162 | 5162 | 5118 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3311406.SRDUP, 23.12%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 4729 | 4729 | 4677 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3311607.SRDUP, 17.14%, 07/27/2027 (a)(j)(k) | Upstart | 08/01/2022 | 6919 | 6919 | 6888 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3311953.SRDUP, 18.54%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 3278 | 3278 | 3260 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312038.SRDUP, 9.74%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 16335 | 16335 | 16316 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312046.SRDUP, 10.36%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 24038 | 24038 | 24009 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312051.SRDUP, 23.44%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 32507 | 32507 | 32284 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312082.SRDUP, 19.71%, 07/27/2027 (a)(j)(k) | Upstart | 08/01/2022 | 4903 | 4903 | 4888 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312089.SRDUP, 24.28%, 07/27/2027 (a)(j)(k) | Upstart | 08/01/2022 | 19658 | 19658 | 19565 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**106** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312094.SRDUP, 16.24%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | $10139 | $10139 | $10086 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312097.SRDUP, 24.32%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 4285 | 4285 | 4256 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312110.SRDUP, 16.75%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 47980 | 47980 | 47700 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312112.SRDUP, 16.21%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 1868 | 1874 | 1860 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312122.SRDUP, 13.66%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 7429 | 7429 | 7395 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312155.SRDUP, 15.85%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 3384 | 3384 | 3369 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312169.SRDUP, 24.28%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 974 | 974 | 967 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312186.SRDUP, 17.92%, 07/27/2025 (a)(j)(k) | Upstart | 08/01/2022 | 2891 | 2891 | 2877 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312187.SRDUP, 24.28%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 9351 | 9351 | 9272 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312194.SRDUP, 19.81%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 4689 | 4689 | 4654 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312209.SRDUP, 23.84%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 1460 | 1460 | 1454 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312211.SRDUP, 16.91%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 3871 | 3871 | 3854 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312241.SRDUP, 19.65%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 6791 | 6791 | 6745 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312244.SRDUP, 24.04%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 1071 | 1071 | 1062 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312274.SRDUP, 24.26%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 1357 | 1357 | 1349 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312276.SRDUP, 21.64%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 1864 | 1864 | 1848 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312292.SRDUP, 19.3%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 20367 | 20367 | 20276 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312295.SRDUP, 15.02%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 14459 | 14459 | 14377 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312329.SRDUP, 18.2%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 9108 | 9108 | 9067 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312343.SRDUP, 19.03%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 10307 | 10307 | 10231 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312347.SRDUP, 12.73%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 9157 | 9157 | 9132 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312480.SRDUP, 22.22%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 10444 | 10444 | 10346 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312488.SRDUP, 21.64%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 14577 | 14577 | 14453 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312490.SRDUP, 16.86%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 11607 | 11607 | 11542 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312509.SRDUP, 16.96%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 3387 | 3387 | 3372 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312514.SRDUP, 13.17%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 3279 | 3279 | 3270 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312518.SRDUP, 20.84%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 6300 | 6300 | 6242 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312519.SRDUP, 12.78%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 37497 | 37497 | 37396 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312520.SRDUP, 18.72%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 3852 | 3852 | 3830 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312553.SRDUP, 16.6%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 12094 | 12135 | 12039 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312557.SRDUP, 21.99%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 13804 | 13804 | 13742 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312563.SRDUP, 24.35%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 2338 | 2338 | 2318 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312566.SRDUP, 24.23%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 5064 | 5064 | 5029 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312570.SRDUP, 23.97%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 1266 | 1266 | 1257 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312571.SRDUP, 22.12%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 12153 | 12153 | 12069 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312578.SRDUP, 17.36%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 916 | 916 | 911 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312625.SRDUP, 19.57%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 6740 | 6740 | 6701 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312638.SRDUP, 10.94%, 07/27/2027 (a)(j)(k) | Upstart | 08/01/2022 | 16283 | 16283 | 16271 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312670.SRDUP, 14.56%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 6725 | 6725 | 6701 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312672.SRDUP, 16.83%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 2898 | 2898 | 2886 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312673.SRDUP, 18.47%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 9692 | 9692 | 9648 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312683.SRDUP, 11.33%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 9624 | 9624 | 9613 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312684.SRDUP, 22.35%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 19448 | 19448 | 19282 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312698.SRDUP, 24.28%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 1169 | 1169 | 1159 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312795.SRDUP, 17.81%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 9358 | 9358 | 9321 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312797.SRDUP, 24.1%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 1948 | 1948 | 1931 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312812.SRDUP, 16.76%, 07/27/2025 (a)(j) | Upstart | 08/01/2022 | 1122 | 1122 | 1117 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312824.SRDUP, 21.4%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 11920 | 11920 | 11813 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312858.SRDUP, 18.96%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 5817 | 5817 | 5791 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3312959.SRDUP, 24.34%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 13148 | 13148 | 13058 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3316279.SRDUP, 20.58%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 32752 | 31796 | 32438 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3316866.SRDUP, 11.03%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 28764 | 27933 | 28613 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3317681.SRDUP, 18.62%, 08/01/2027 (a)(j)(k) | Upstart | 08/04/2022 | 1188 | 1152 | 675 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3318595.SRDUP, 21.13%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 5787 | 5619 | 5719 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319584.SRDUP, 21.54%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 7653 | 7430 | 7562 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319799.SRDUP, 23.94%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2259 | 2193 | 2225 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319805.SRDUP, 24.34%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 3930 | 3816 | 3873 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**107** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319806.SRDUP, 10.9%, 08/01/2025 (a)(j) | Upstart | 08/04/2022 | $2128 | $2069 | $2116 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319810.SRDUP, 18.64%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 10187 | 9891 | 10112 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319824.SRDUP, 21.32%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 5297 | 5143 | 5235 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319826.SRDUP, 15.29%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 14663 | 14238 | 14556 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319837.SRDUP, 24.37%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1376 | 1335 | 1355 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319872.SRDUP, 24.06%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1474 | 1431 | 1452 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319874.SRDUP, 21.05%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2746 | 2666 | 2714 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319888.SRDUP, 22.24%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2454 | 2382 | 2418 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319897.SRDUP, 23.88%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2751 | 2670 | 2718 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319921.SRDUP, 24.34%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 8450 | 8203 | 8326 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319928.SRDUP, 17.44%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 11164 | 10840 | 11082 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319940.SRDUP, 16.69%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 44835 | 43532 | 44428 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319949.SRDUP, 20.19%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 11938 | 11580 | 11876 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319952.SRDUP, 24.13%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1474 | 1431 | 1456 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319961.SRDUP, 24.39%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 4127 | 4006 | 4064 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319966.SRDUP, 22.18%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 6486 | 6319 | 6393 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319967.SRDUP, 20.83%, 08/01/2025 (a)(j) | Upstart | 08/04/2022 | 14102 | 13704 | 13902 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3319978.SRDUP, 23.89%, 08/01/2027 (a)(j)(k) | Upstart | 08/04/2022 | 1943 | 1892 | 1909 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320008.SRDUP, 21.91%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 8832 | 8574 | 8727 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320038.SRDUP, 23.88%, 08/01/2027 (a)(j)(k) | Upstart | 08/04/2022 | 1700 | 1649 | 1069 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320047.SRDUP, 16.55%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 663 | 643 | 658 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320071.SRDUP, 22.85%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 7855 | 7625 | 7739 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320077.SRDUP, 11.57%, 08/01/2025 (a)(j) | Upstart | 08/04/2022 | 27640 | 26869 | 27466 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320111.SRDUP, 21.21%, 08/01/2025 (a)(j) | Upstart | 08/04/2022 | 960 | 933 | 946 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320114.SRDUP, 16.39%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 17766 | 17251 | 17607 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320116.SRDUP, 22.99%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 4747 | 4609 | 4682 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320122.SRDUP, 9.83%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 48700 | 47459 | 48603 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320127.SRDUP, 18.72%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 14693 | 14266 | 14585 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320129.SRDUP, 24.19%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 3046 | 2967 | 3001 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320133.SRDUP, 20.46%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 13728 | 13328 | 13565 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320138.SRDUP, 13.08%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1367 | 1327 | 1361 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320143.SRDUP, 21.76%, 08/01/2025 (a)(j) | Upstart | 08/04/2022 | 8831 | 8582 | 8705 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320160.SRDUP, 24.34%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 3569 | 3462 | 3515 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320163.SRDUP, 15.96%, 08/01/2025 (a)(j) | Upstart | 08/04/2022 | 6502 | 6319 | 6444 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320166.SRDUP, 24.4%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 18571 | 18029 | 18350 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320167.SRDUP, 19.44%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 3332 | 3246 | 3293 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320169.SRDUP, 17.38%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 9690 | 9409 | 9619 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320181.SRDUP, 24.06%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 5895 | 5723 | 5808 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320189.SRDUP, 23.86%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 1552 | 1507 | 1524 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320197.SRDUP, 15.02%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 24088 | 23389 | 23872 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320204.SRDUP, 16.56%, 08/01/2025 (a)(j) | Upstart | 08/04/2022 | 8521 | 8282 | 8446 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320212.SRDUP, 18.66%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 5387 | 5231 | 5348 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320219.SRDUP, 22.72%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 9636 | 9355 | 9464 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320234.SRDUP, 22.78%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 39271 | 38125 | 38696 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320246.SRDUP, 23.79%, 08/01/2027 (a)(j)(k) | Upstart | 08/04/2022 | 9816 | 9530 | 9644 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320275.SRDUP, 12.92%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 3319 | 3223 | 3305 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320277.SRDUP, 24.37%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 5306 | 5151 | 5243 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320281.SRDUP, 20.67%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 21868 | 21231 | 21707 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320293.SRDUP, 17.34%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2936 | 2851 | 2915 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320338.SRDUP, 19.69%, 08/01/2025 (a)(j) | Upstart | 08/04/2022 | 1150 | 1118 | 1134 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320342.SRDUP, 21.36%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2158 | 2095 | 2133 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320357.SRDUP, 11.47%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 2685 | 2607 | 2670 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320372.SRDUP, 18.25%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 10380 | 10079 | 10304 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320380.SRDUP, 16.07%, 08/01/2027 (a)(j) | Upstart | 08/04/2022 | 21516 | 20892 | 21359 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3321504.SRDUP, 17.52%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 13390 | 13001 | 13270 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3321962.SRDUP, 24.06%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 1670 | 1621 | 1646 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3322357.SRDUP, 24.17%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 1081 | 1049 | 1065 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**108** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3324226.SRDUP, 22.84%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | $1079 | $1047 | $1060 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3324242.SRDUP, 24.26%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 6888 | 6686 | 6787 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3324468.SRDUP, 20.96%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 18145 | 17616 | 17893 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3324484.SRDUP, 17.42%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 6987 | 6790 | 6891 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3324749.SRDUP, 19.07%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 6858 | 6659 | 6779 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3324913.SRDUP, 18.73%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 19591 | 19021 | 19450 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3324932.SRDUP, 23.29%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 982 | 953 | 975 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3324959.SRDUP, 17.05%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 4524 | 4393 | 4484 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3324977.SRDUP, 24.1%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 3851 | 3738 | 3783 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3324988.SRDUP, 15.03%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 7819 | 7592 | 7763 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325019.SRDUP, 14.26%, 08/02/2027 (a)(j)(k) | Upstart | 08/05/2022 | 6676 | 6482 | 6641 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325036.SRDUP, 12.75%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 27326 | 26536 | 27213 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325038.SRDUP, 15.67%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 5736 | 5575 | 5686 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325048.SRDUP, 18.54%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 17241 | 16756 | 17003 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325053.SRDUP, 24.35%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 12774 | 12400 | 12590 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325065.SRDUP, 22.06%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 6290 | 6107 | 6202 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325074.SRDUP, 13.51%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 954 | 928 | 949 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325085.SRDUP, 18.62%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 6269 | 6086 | 6224 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325095.SRDUP, 21.99%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 6870 | 6669 | 6790 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325107.SRDUP, 22.94%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 827 | 803 | 812 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325118.SRDUP, 17.3%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 1664 | 1616 | 1652 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325121.SRDUP, 23.95%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 1474 | 1431 | 1452 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325164.SRDUP, 15.51%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 9777 | 9493 | 9707 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325178.SRDUP, 21.55%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 6377 | 6213 | 6286 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325183.SRDUP, 16.91%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 24463 | 23752 | 24288 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325184.SRDUP, 24.26%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 8757 | 8501 | 8678 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325185.SRDUP, 17.11%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 19572 | 19004 | 19432 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325187.SRDUP, 16.96%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 3354 | 3256 | 3324 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325205.SRDUP, 21.86%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 11797 | 11453 | 11661 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325225.SRDUP, 24.36%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 20831 | 20222 | 20588 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325226.SRDUP, 9.74%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 3061 | 2983 | 3053 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325228.SRDUP, 24.13%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 14537 | 14112 | 14284 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325231.SRDUP, 24.33%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 4225 | 4102 | 4162 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325241.SRDUP, 12.78%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 19519 | 18954 | 19438 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325257.SRDUP, 21.18%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 9804 | 9520 | 9668 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325282.SRDUP, 21.78%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 1186 | 1151 | 1173 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325286.SRDUP, 12.54%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 5855 | 5685 | 5831 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325288.SRDUP, 11.61%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 9752 | 9470 | 9733 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325289.SRDUP, 13.13%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 9762 | 9479 | 9721 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325295.SRDUP, 9.16%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 6374 | 6196 | 6349 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325301.SRDUP, 22.48%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 11485 | 11189 | 11321 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325302.SRDUP, 17.49%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 9789 | 9504 | 9718 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325305.SRDUP, 21.4%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 24715 | 23996 | 24539 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325310.SRDUP, 23.46%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 3728 | 3621 | 3662 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325321.SRDUP, 22.51%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 9816 | 9530 | 9702 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325322.SRDUP, 24.35%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 8843 | 8585 | 8716 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325325.SRDUP, 23.33%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 21932 | 21295 | 21678 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325336.SRDUP, 17.56%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 2761 | 2683 | 2733 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325343.SRDUP, 13.52%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 3585 | 3481 | 3566 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325345.SRDUP, 13.12%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 1467 | 1425 | 1461 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325348.SRDUP, 16.86%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 14351 | 13995 | 14261 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325351.SRDUP, 24.2%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 1769 | 1717 | 1743 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325362.SRDUP, 11.01%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 2534 | 2461 | 2529 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325374.SRDUP, 13.07%, 08/02/2027 (a)(j)(k) | Upstart | 08/05/2022 | 1954 | 1898 | 1946 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325394.SRDUP, 15.94%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 5737 | 5576 | 5687 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325403.SRDUP, 19.16%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 980 | 951 | 973 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325407.SRDUP, 13.43%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 4882 | 4741 | 4862 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**109** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325413.SRDUP, 24.29%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | $2751 | $2671 | $2712 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325455.SRDUP, 24.19%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 2063 | 2003 | 2034 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325512.SRDUP, 15.61%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 956 | 929 | 948 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325513.SRDUP, 23.97%, 08/02/2027 (a)(j)(k) | Upstart | 08/05/2022 | 1500 | 1455 | 508 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325559.SRDUP, 20.27%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 2893 | 2809 | 2852 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325577.SRDUP, 19.96%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 5882 | 5730 | 5814 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325596.SRDUP, 14.9%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 8648 | 8397 | 8572 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325602.SRDUP, 24.01%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 1627 | 1580 | 1598 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325655.SRDUP, 17.23%, 08/02/2027 (a)(j)(k) | Upstart | 08/05/2022 | 5869 | 5698 | 5817 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325657.SRDUP, 22.31%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 17177 | 16676 | 16931 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325658.SRDUP, 17.45%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 10767 | 10454 | 10690 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325659.SRDUP, 10.94%, 08/02/2025 (a)(j) | Upstart | 08/05/2022 | 3811 | 3704 | 3794 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325663.SRDUP, 23.6%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 9822 | 9535 | 9681 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325678.SRDUP, 19.71%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 2156 | 2093 | 2141 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325687.SRDUP, 24.1%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 1103 | 1071 | 1082 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325691.SRDUP, 9.81%, 08/02/2027 (a)(j) | Upstart | 08/05/2022 | 27272 | 26485 | 27219 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325740.SRDUP, 21.13%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 10790 | 10475 | 10668 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3326099.SRDUP, 19.68%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 5368 | 5217 | 5296 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327144.SRDUP, 18.48%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1567 | 1521 | 1556 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327322.SRDUP, 20.74%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 5492 | 5332 | 5430 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327339.SRDUP, 24.33%, 08/05/2027 (a)(j)(k) | Upstart | 08/10/2022 | 7918 | 7680 | 4811 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327523.SRDUP, 21.93%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 5495 | 5335 | 5433 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327539.SRDUP, 20.36%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 11766 | 11423 | 11633 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327783.SRDUP, 24.37%, 08/03/2027 (a)(j)(k) | Upstart | 08/08/2022 | 24789 | 24047 | 15607 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327884.SRDUP, 17.23%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 10766 | 10453 | 10690 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327918.SRDUP, 18.14%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 48961 | 47536 | 48617 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327950.SRDUP, 24.39%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1670 | 1622 | 1647 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327951.SRDUP, 16.12%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3325 | 3229 | 3302 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327969.SRDUP, 21.69%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3140 | 3048 | 3096 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327996.SRDUP, 18.13%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 4407 | 4278 | 4376 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328040.SRDUP, 14.33%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 4103 | 3984 | 4086 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328074.SRDUP, 24.38%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1396 | 1355 | 1370 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328160.SRDUP, 21.82%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 8439 | 8193 | 8321 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328190.SRDUP, 23.97%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3961 | 3846 | 3907 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328192.SRDUP, 15.93%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 2143 | 2081 | 2131 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328216.SRDUP, 22.2%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 13075 | 12693 | 12895 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328221.SRDUP, 24.24%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1081 | 1049 | 1066 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328231.SRDUP, 18.05%, 08/03/2027 (a)(j)(k) | Upstart | 08/08/2022 | 2500 | 2425 | 782 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328261.SRDUP, 21.25%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 6867 | 6666 | 6818 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328315.SRDUP, 23.97%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 9083 | 8817 | 8957 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328322.SRDUP, 24.01%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1484 | 1441 | 1464 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328330.SRDUP, 13.4%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 29291 | 28442 | 29172 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328360.SRDUP, 20.13%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 4314 | 4188 | 4265 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328382.SRDUP, 24.22%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 983 | 954 | 976 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328430.SRDUP, 18.66%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3918 | 3804 | 3891 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328449.SRDUP, 20.61%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 5090 | 4942 | 5021 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328477.SRDUP, 24%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 2849 | 2766 | 2809 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328484.SRDUP, 18.06%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 6770 | 6573 | 6694 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328499.SRDUP, 24.16%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1375 | 1335 | 1356 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328509.SRDUP, 17.07%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 5872 | 5701 | 5832 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328586.SRDUP, 17.2%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 5866 | 5696 | 5816 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328771.SRDUP, 19.34%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 5389 | 5233 | 5352 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328781.SRDUP, 12.12%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 7482 | 7265 | 7444 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328802.SRDUP, 13.39%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 4295 | 4174 | 4269 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328810.SRDUP, 22.4%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1669 | 1620 | 1645 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328824.SRDUP, 11.28%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 12480 | 12119 | 12429 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328846.SRDUP, 15.15%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 7820 | 7619 | 7765 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**110** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328865.SRDUP, 19.98%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | $4901 | $4759 | $4867 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328874.SRDUP, 24.19%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3832 | 3720 | 3778 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3328915.SRDUP, 12.77%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 48798 | 47385 | 48600 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329055.SRDUP, 14.86%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 11277 | 10950 | 11180 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329088.SRDUP, 22.94%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 15317 | 14870 | 15143 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329091.SRDUP, 24.11%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 982 | 954 | 969 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329098.SRDUP, 14.93%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 9773 | 9490 | 9705 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329108.SRDUP, 21%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1177 | 1143 | 1169 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329112.SRDUP, 24.32%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 4323 | 4197 | 4263 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329189.SRDUP, 24.16%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 4519 | 4403 | 4456 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329272.SRDUP, 20.18%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1471 | 1428 | 1460 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329389.SRDUP, 11.77%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 5719 | 5560 | 5685 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329500.SRDUP, 24.04%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1375 | 1335 | 1356 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329522.SRDUP, 22.31%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1963 | 1906 | 1936 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329539.SRDUP, 17.36%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 22512 | 21857 | 22354 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329542.SRDUP, 12.84%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 14397 | 13980 | 14324 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329611.SRDUP, 16.16%, 08/03/2025 (a)(j) | Upstart | 08/08/2022 | 6694 | 6506 | 6653 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329625.SRDUP, 24.05%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1965 | 1908 | 1938 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329647.SRDUP, 23.02%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 1473 | 1430 | 1452 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3329726.SRDUP, 24.3%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3046 | 2957 | 3003 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3330225.SRDUP, 23.9%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1179 | 1144 | 1166 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3330321.SRDUP, 17.99%, 08/04/2027 (a)(j)(k) | Upstart | 08/09/2022 | 12677 | 12308 | 12569 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3330502.SRDUP, 10.16%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 12665 | 12299 | 12641 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3330728.SRDUP, 23.69%, 08/04/2027 (a)(j)(k) | Upstart | 08/09/2022 | 4500 | 4365 | 1483 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331070.SRDUP, 20.95%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1464 | 1426 | 1445 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331127.SRDUP, 21.27%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1234 | 1202 | 1217 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331146.SRDUP, 10.81%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 1905 | 1852 | 1897 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331188.SRDUP, 23.41%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1913 | 1857 | 1886 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331199.SRDUP, 24.37%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2358 | 2289 | 2326 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331252.SRDUP, 24.39%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 4520 | 4388 | 4458 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331262.SRDUP, 24.06%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1051 | 1021 | 1037 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331276.SRDUP, 23.86%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1474 | 1430 | 1453 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331309.SRDUP, 24.36%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 4520 | 4388 | 4458 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331315.SRDUP, 24.32%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2063 | 2003 | 2041 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331357.SRDUP, 17.44%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 8888 | 8667 | 8752 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331419.SRDUP, 22.38%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 8245 | 8004 | 8133 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331456.SRDUP, 24.38%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 24860 | 24133 | 24584 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331514.SRDUP, 22.63%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 3338 | 3240 | 3301 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331573.SRDUP, 23.64%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1277 | 1240 | 1263 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331592.SRDUP, 19.09%, 08/04/2025 (a)(j)(k) | Upstart | 08/09/2022 | 3417 | 3315 | 2043 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331681.SRDUP, 15.47%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 48885 | 47468 | 48552 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331686.SRDUP, 14.06%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 10744 | 10433 | 10672 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331693.SRDUP, 22.32%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 6871 | 6670 | 6777 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331769.SRDUP, 21.48%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 14689 | 14261 | 14564 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331824.SRDUP, 24.29%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2257 | 2191 | 2226 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331918.SRDUP, 19.09%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 3833 | 3725 | 3783 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331964.SRDUP, 24.19%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 5600 | 5437 | 5524 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331966.SRDUP, 23.2%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3044 | 2955 | 3007 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331975.SRDUP, 15.31%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2444 | 2373 | 2427 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331978.SRDUP, 16.78%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 13781 | 13381 | 13688 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3331983.SRDUP, 15.15%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 5351 | 5201 | 5308 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332009.SRDUP, 22.87%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1964 | 1906 | 1937 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332024.SRDUP, 20.29%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 980 | 952 | 974 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332027.SRDUP, 19.09%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 1437 | 1397 | 1418 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332058.SRDUP, 15.34%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 4884 | 4742 | 4843 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332165.SRDUP, 20.25%, 08/04/2027 (a)(j)(k) | Upstart | 08/09/2022 | 2282 | 2214 | 1300 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332224.SRDUP, 23.74%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1277 | 1240 | 1260 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**111** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332227.SRDUP, 16.11%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | $38046 | $36940 | $37786 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332231.SRDUP, 12.99%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2245 | 2180 | 2236 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332261.SRDUP, 26.71%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 5706 | 5539 | 5625 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332271.SRDUP, 21.35%, 08/04/2025 (a)(j) | Upstart | 08/09/2022 | 11515 | 11190 | 11364 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332275.SRDUP, 24.35%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 21452 | 20822 | 21094 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332276.SRDUP, 20.27%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 11765 | 11422 | 11684 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332282.SRDUP, 24.25%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1179 | 1145 | 1171 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332301.SRDUP, 24.4%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 4802 | 4678 | 4722 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332303.SRDUP, 13.43%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 6835 | 6637 | 6808 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332311.SRDUP, 24.29%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1769 | 1717 | 1744 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332315.SRDUP, 24.17%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2456 | 2384 | 2423 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332323.SRDUP, 24.15%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 2554 | 2480 | 2520 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332372.SRDUP, 11.3%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 9750 | 9501 | 9732 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332389.SRDUP, 17.52%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 4894 | 4752 | 4875 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332392.SRDUP, 20.63%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 25496 | 24753 | 25321 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332416.SRDUP, 24.21%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 1965 | 1908 | 1938 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332419.SRDUP, 21.12%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 5493 | 5333 | 5433 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332438.SRDUP, 16.85%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 9785 | 9534 | 9718 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3333092.SRDUP, 18.94%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 10953 | 10633 | 10869 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3333526.SRDUP, 16.48%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 2152 | 2090 | 2138 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334163.SRDUP, 23.85%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 1474 | 1430 | 1454 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334243.SRDUP, 13.25%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 1287 | 1251 | 1278 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334263.SRDUP, 24.4%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 3335 | 3238 | 3289 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334276.SRDUP, 13.91%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 11720 | 11380 | 11675 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334336.SRDUP, 24.24%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 8253 | 8012 | 8164 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334338.SRDUP, 23.54%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 1473 | 1430 | 1457 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334343.SRDUP, 18.72%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 14369 | 13964 | 14186 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334442.SRDUP, 13.58%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 9545 | 9277 | 9490 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334497.SRDUP, 17.06%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 6850 | 6651 | 6805 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334522.SRDUP, 22.2%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 2451 | 2379 | 2411 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334542.SRDUP, 15.07%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 14230 | 13830 | 14098 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334606.SRDUP, 14.89%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 21305 | 20707 | 21137 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334616.SRDUP, 24.33%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 10020 | 9730 | 9926 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334644.SRDUP, 16.25%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 14085 | 13676 | 13991 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334694.SRDUP, 12.97%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 8297 | 8056 | 8265 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334702.SRDUP, 24.37%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 1670 | 1622 | 1652 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334780.SRDUP, 13.56%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 48823 | 47407 | 48634 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334786.SRDUP, 16.68%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 7338 | 7124 | 7289 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334798.SRDUP, 13.66%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 975 | 947 | 970 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334813.SRDUP, 13.93%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 29398 | 28546 | 29285 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334820.SRDUP, 24.32%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 3341 | 3243 | 3296 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334837.SRDUP, 19.11%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 5095 | 4946 | 5075 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334886.SRDUP, 23.51%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 13768 | 13366 | 13586 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334937.SRDUP, 12.64%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 1462 | 1419 | 1455 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334967.SRDUP, 21.24%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 15695 | 15237 | 15488 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3334975.SRDUP, 23.22%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 1964 | 1907 | 1938 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335016.SRDUP, 24.3%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 8450 | 8203 | 8338 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335028.SRDUP, 24.2%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 3537 | 3434 | 3499 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335035.SRDUP, 24.36%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 2709 | 2630 | 2664 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335041.SRDUP, 24.28%, 08/05/2027 (a)(j)(k) | Upstart | 08/10/2022 | 2578 | 2501 | 1625 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335049.SRDUP, 24.35%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 2358 | 2289 | 2333 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335052.SRDUP, 19.86%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 1507 | 1465 | 1483 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335057.SRDUP, 24.2%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 982 | 954 | 969 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335122.SRDUP, 18.83%, 08/05/2027 (a)(j)(k) | Upstart | 08/10/2022 | 49507 | 48023 | 28186 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335154.SRDUP, 19.62%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 2254 | 2188 | 2230 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335157.SRDUP, 15.14%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 19084 | 18529 | 18923 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335167.SRDUP, 24.38%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 7165 | 6952 | 7042 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**112** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335193.SRDUP, 9.39%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | $5233 | $5087 | $5213 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335198.SRDUP, 11.2%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 1906 | 1852 | 1898 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335200.SRDUP, 26.74%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 16429 | 15948 | 16209 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335206.SRDUP, 11.89%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 29359 | 28607 | 29261 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335234.SRDUP, 24.25%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 6042 | 5865 | 5978 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335255.SRDUP, 15.93%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 2934 | 2849 | 2914 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335274.SRDUP, 19.94%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 19605 | 19033 | 19473 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335285.SRDUP, 14.19%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 5373 | 5217 | 5352 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335293.SRDUP, 24.28%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 19651 | 19076 | 19439 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335300.SRDUP, 20.77%, 08/05/2025 (a)(j)(k) | Upstart | 08/10/2022 | 4667 | 4528 | 2930 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335309.SRDUP, 21.34%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 981 | 952 | 970 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335310.SRDUP, 17.09%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 3914 | 3801 | 3888 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335328.SRDUP, 22.19%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 14722 | 14292 | 14564 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335330.SRDUP, 12.79%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 4880 | 4738 | 4861 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335335.SRDUP, 20.55%, 08/05/2025 (a)(j) | Upstart | 08/10/2022 | 959 | 932 | 947 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335372.SRDUP, 12.85%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 16337 | 15864 | 16257 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335398.SRDUP, 24.07%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 982 | 954 | 969 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3335803.SRDUP, 23.23%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 5499 | 5338 | 5445 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336221.SRDUP, 22.61%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 49085 | 47650 | 48598 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336555.SRDUP, 13.86%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 7351 | 7138 | 7317 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336582.SRDUP, 23.96%, 08/08/2027 (a)(j)(k) | Upstart | 08/11/2022 | 4397 | 4268 | 4329 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336587.SRDUP, 24.41%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1081 | 1049 | 1068 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336591.SRDUP, 18.08%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 10967 | 10685 | 10899 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336612.SRDUP, 20.66%, 08/08/2025 (a)(j) | Upstart | 08/11/2022 | 3261 | 3169 | 3223 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336614.SRDUP, 24.39%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 6378 | 6191 | 6281 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336615.SRDUP, 24.37%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1670 | 1622 | 1650 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336630.SRDUP, 14.29%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3897 | 3783 | 3867 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336636.SRDUP, 20.21%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 14216 | 13849 | 14076 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336656.SRDUP, 23.24%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 7856 | 7626 | 7778 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336710.SRDUP, 14.1%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 4396 | 4268 | 4380 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336748.SRDUP, 10.37%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 48761 | 47349 | 48683 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336754.SRDUP, 23.89%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1029 | 999 | 1016 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336846.SRDUP, 13.41%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 11712 | 11372 | 11623 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336860.SRDUP, 17.48%, 08/08/2025 (a)(j) | Upstart | 08/11/2022 | 2871 | 2800 | 2850 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336939.SRDUP, 24.36%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 2359 | 2290 | 2330 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3336970.SRDUP, 21.34%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 13319 | 12929 | 13108 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337038.SRDUP, 13.11%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1464 | 1422 | 1459 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337065.SRDUP, 19.46%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 980 | 951 | 974 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337105.SRDUP, 15.18%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3910 | 3796 | 3886 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337137.SRDUP, 22.45%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3632 | 3538 | 3588 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337154.SRDUP, 15.75%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1956 | 1899 | 1944 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337164.SRDUP, 13.34%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 30266 | 29388 | 30081 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337180.SRDUP, 21.63%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 19344 | 18778 | 19105 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337218.SRDUP, 23.75%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 5501 | 5340 | 5433 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337257.SRDUP, 22.81%, 08/08/2027 (a)(j)(k) | Upstart | 08/11/2022 | 43483 | 42211 | 42945 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337263.SRDUP, 24.06%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3242 | 3147 | 3202 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337279.SRDUP, 16.73%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 4892 | 4750 | 4862 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337295.SRDUP, 18.29%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 27225 | 26432 | 27057 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337320.SRDUP, 24.31%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 4225 | 4101 | 4173 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337326.SRDUP, 20.19%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1172 | 1138 | 1163 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337328.SRDUP, 18.14%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 5875 | 5704 | 5839 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337331.SRDUP, 14.34%, 08/08/2025 (a)(j) | Upstart | 08/11/2022 | 38493 | 37342 | 38291 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337357.SRDUP, 24.15%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 22008 | 21363 | 21738 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337445.SRDUP, 24.26%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1173 | 1139 | 1155 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337511.SRDUP, 24.14%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 5305 | 5150 | 5240 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337519.SRDUP, 24.31%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3341 | 3243 | 3300 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337599.SRDUP, 18.51%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 10774 | 10460 | 10707 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**113** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337601.SRDUP, 21.78%, 08/08/2025 (a)(j) | Upstart | 08/11/2022 | $1152 | $1120 | $1139 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337620.SRDUP, 24.38%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 18606 | 18061 | 18322 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337668.SRDUP, 18.62%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3722 | 3614 | 3699 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337682.SRDUP, 20.05%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 4902 | 4758 | 4853 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337685.SRDUP, 24.1%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1474 | 1431 | 1456 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337703.SRDUP, 18.38%, 08/08/2025 (a)(j) | Upstart | 08/11/2022 | 5746 | 5584 | 5679 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337769.SRDUP, 24.32%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 16212 | 15738 | 16110 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337784.SRDUP, 24.07%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 8842 | 8583 | 8754 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337820.SRDUP, 19.91%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1666 | 1618 | 1650 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337835.SRDUP, 14.2%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 6821 | 6623 | 6769 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337906.SRDUP, 16.31%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 10564 | 10257 | 10499 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337922.SRDUP, 24.37%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3439 | 3338 | 3397 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337929.SRDUP, 24.4%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 17196 | 16692 | 17025 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337936.SRDUP, 10.73%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 1949 | 1893 | 1946 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337947.SRDUP, 17.32%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 3902 | 3788 | 3871 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3337979.SRDUP, 24.23%, 08/08/2027 (a)(j) | Upstart | 08/11/2022 | 931 | 904 | 919 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3338042.SRDUP, 21.65%, 08/08/2027 (a)(j)(k) | Upstart | 08/11/2022 | 6724 | 6527 | 6692 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3338050.SRDUP, 24.22%, 08/08/2027 (a)(j)(k) | Upstart | 08/11/2022 | 1388 | 1347 | 846 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3338664.SRDUP, 23.49%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 6089 | 5911 | 6019 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3338941.SRDUP, 22.53%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 982 | 953 | 972 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3340632.SRDUP, 17.8%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 25455 | 24713 | 25302 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3340846.SRDUP, 14.8%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 14658 | 14232 | 14571 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341076.SRDUP, 10.32%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 11427 | 11106 | 11385 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341346.SRDUP, 22.18%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 6281 | 6098 | 6243 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341604.SRDUP, 24.37%, 08/09/2027 (a)(j)(k) | Upstart | 08/12/2022 | 6956 | 6749 | 6852 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341625.SRDUP, 17.08%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 13860 | 13457 | 13752 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341652.SRDUP, 23.68%, 08/09/2027 (a)(j)(k) | Upstart | 08/12/2022 | 1785 | 1731 | 1087 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341677.SRDUP, 13.13%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 14147 | 13749 | 14056 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341682.SRDUP, 18.2%, 08/09/2025 (a)(j)(k) | Upstart | 08/12/2022 | 1910 | 1853 | 1895 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341687.SRDUP, 22.54%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 4908 | 4765 | 4861 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341704.SRDUP, 23.84%, 08/09/2027 (a)(j)(k) | Upstart | 08/12/2022 | 1300 | 1261 | 432 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341717.SRDUP, 19.95%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 28427 | 27598 | 28155 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341729.SRDUP, 15.33%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 10130 | 9845 | 10077 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341749.SRDUP, 17.51%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 7831 | 7603 | 7784 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341759.SRDUP, 24.15%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1179 | 1149 | 1168 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341805.SRDUP, 23.67%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 4813 | 4672 | 4756 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341816.SRDUP, 20.3%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 29413 | 28555 | 29131 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341825.SRDUP, 13.75%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 3809 | 3711 | 3786 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341837.SRDUP, 16.58%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 21343 | 20721 | 21180 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341851.SRDUP, 13.16%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 6679 | 6492 | 6645 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341908.SRDUP, 24.27%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1722 | 1671 | 1700 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341925.SRDUP, 20.98%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 2878 | 2797 | 2845 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341955.SRDUP, 24.4%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 3252 | 3157 | 3214 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3341962.SRDUP, 18.76%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 6857 | 6657 | 6816 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342073.SRDUP, 23.36%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1670 | 1621 | 1650 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342078.SRDUP, 19.07%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 5856 | 5685 | 5811 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342110.SRDUP, 18.67%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 10164 | 9868 | 10081 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342120.SRDUP, 21.37%, 08/09/2025 (a)(j)(k) | Upstart | 08/12/2022 | 980 | 951 | 613 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342129.SRDUP, 22.43%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 9816 | 9529 | 9700 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342154.SRDUP, 21.88%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 5542 | 5380 | 5470 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342184.SRDUP, 22.11%, 08/09/2027 (a)(j)(k) | Upstart | 08/12/2022 | 4934 | 4787 | 3002 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342196.SRDUP, 22.7%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 5498 | 5337 | 5433 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342241.SRDUP, 24.4%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 5404 | 5246 | 5340 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342266.SRDUP, 24.4%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2850 | 2766 | 2816 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342277.SRDUP, 9.84%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 1386 | 1347 | 1379 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342287.SRDUP, 22.66%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 5894 | 5722 | 5837 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342349.SRDUP, 12.04%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 4292 | 4168 | 4277 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**114** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342369.SRDUP, 18.65%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | $10971 | $10651 | $10905 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342371.SRDUP, 13.72%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 977 | 948 | 973 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342388.SRDUP, 24.36%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1277 | 1240 | 1262 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342402.SRDUP, 10.98%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 48739 | 47327 | 48658 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342413.SRDUP, 24.28%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 4323 | 4211 | 4281 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342415.SRDUP, 24.4%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 32230 | 31286 | 31918 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342427.SRDUP, 24.29%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 7074 | 6867 | 6990 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342459.SRDUP, 24.34%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 5502 | 5341 | 5437 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342477.SRDUP, 23.12%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2946 | 2860 | 2917 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342482.SRDUP, 16.37%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 19075 | 18519 | 18960 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342485.SRDUP, 24.31%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2358 | 2289 | 2330 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342499.SRDUP, 24.21%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2063 | 2003 | 2043 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342526.SRDUP, 19.91%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1958 | 1901 | 1943 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342537.SRDUP, 24.33%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 2456 | 2393 | 2427 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342549.SRDUP, 17.64%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1468 | 1426 | 1460 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342573.SRDUP, 24.37%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 5601 | 5437 | 5534 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342624.SRDUP, 14.33%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 1951 | 1895 | 1937 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342659.SRDUP, 19.47%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 8839 | 8581 | 8786 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342687.SRDUP, 13.12%, 08/09/2027 (a)(j) | Upstart | 08/12/2022 | 7786 | 7560 | 7751 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342727.SRDUP, 17.14%, 08/09/2025 (a)(j) | Upstart | 08/12/2022 | 1914 | 1860 | 1900 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3342908.SRDUP, 11.9%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 17090 | 16595 | 17008 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3343140.SRDUP, 19.76%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 9090 | 8824 | 8984 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3343534.SRDUP, 11.81%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 2438 | 2368 | 2434 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3343669.SRDUP, 24.38%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 21126 | 20507 | 20928 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3343971.SRDUP, 12.94%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 5856 | 5686 | 5837 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344086.SRDUP, 20.72%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 7847 | 7617 | 7773 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344142.SRDUP, 21.22%, 08/10/2025 (a)(j) | Upstart | 08/15/2022 | 2238 | 2174 | 2203 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344189.SRDUP, 24.26%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 5052 | 4904 | 5006 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344204.SRDUP, 23.06%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 3316 | 3219 | 3276 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344339.SRDUP, 21.99%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 3337 | 3239 | 3305 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344355.SRDUP, 24.25%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 3341 | 3243 | 3303 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344380.SRDUP, 15.3%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 17596 | 17084 | 17494 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344403.SRDUP, 22.37%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1963 | 1906 | 1941 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344404.SRDUP, 22.89%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 14727 | 14297 | 14590 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344419.SRDUP, 24.28%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 7860 | 7630 | 7787 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344431.SRDUP, 21.55%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 13834 | 13429 | 13705 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344444.SRDUP, 13.76%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 2930 | 2845 | 2913 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344445.SRDUP, 23.72%, 08/10/2027 (a)(j)(k) | Upstart | 08/15/2022 | 2626 | 2547 | 2592 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344527.SRDUP, 24.34%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 4029 | 3911 | 3982 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344555.SRDUP, 17.13%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 6655 | 6461 | 6616 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344597.SRDUP, 16.43%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 2935 | 2849 | 2918 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344623.SRDUP, 19.2%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 4900 | 4757 | 4871 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344624.SRDUP, 24.25%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 2653 | 2575 | 2622 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344636.SRDUP, 22.66%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 7265 | 7052 | 7181 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344675.SRDUP, 16.66%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 2250 | 2185 | 2237 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344676.SRDUP, 24%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 31142 | 30231 | 30783 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344681.SRDUP, 15.35%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 16130 | 15715 | 16036 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344740.SRDUP, 16.8%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 1468 | 1425 | 1459 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344765.SRDUP, 18.07%, 08/10/2025 (a)(j) | Upstart | 08/15/2022 | 2202 | 2140 | 2187 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344812.SRDUP, 10.51%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 19489 | 18925 | 19458 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344834.SRDUP, 21.36%, 08/10/2025 (a)(j) | Upstart | 08/15/2022 | 960 | 932 | 949 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344903.SRDUP, 12.02%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 22436 | 21785 | 22360 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344956.SRDUP, 24.2%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 3253 | 3158 | 3223 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344977.SRDUP, 21.53%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 2331 | 2263 | 2303 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3344994.SRDUP, 13.24%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 7810 | 7583 | 7783 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3345011.SRDUP, 24.01%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 18469 | 17992 | 18296 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3345024.SRDUP, 24.24%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 2063 | 2003 | 2039 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**115** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3345046.SRDUP, 19.99%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | $9803 | $9516 | $9712 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3345066.SRDUP, 19.55%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 3439 | 3339 | 3408 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3345081.SRDUP, 24.33%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 8647 | 8393 | 8565 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3345209.SRDUP, 23.94%, 08/10/2027 (a)(j) | Upstart | 08/15/2022 | 4421 | 4291 | 4394 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3386778.SRDUP, 17.37%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 13849 | 13441 | 13747 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3388108.SRDUP, 22.65%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 9604 | 9354 | 9458 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3388534.SRDUP, 22.23%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 9800 | 9516 | 9665 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3390668.SRDUP, 22.47%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 2273 | 2208 | 2240 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3390824.SRDUP, 20.97%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 21388 | 20757 | 21136 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391045.SRDUP, 16.23%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 10878 | 10558 | 10798 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391163.SRDUP, 14.98%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 8075 | 7871 | 8003 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391202.SRDUP, 16.98%, 09/01/2027 (a)(j)(k) | Upstart | 09/07/2022 | 6907 | 6704 | 6856 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391321.SRDUP, 15.58%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 1186 | 1152 | 1178 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391351.SRDUP, 21.08%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 4456 | 4324 | 4391 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391362.SRDUP, 14.36%, 09/01/2027 (a)(j)(k) | Upstart | 09/07/2022 | 47346 | 45956 | 47001 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391407.SRDUP, 14.42%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 11959 | 11608 | 11872 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391410.SRDUP, 17.73%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 14939 | 14550 | 14828 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391411.SRDUP, 25.21%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 991 | 962 | 977 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391418.SRDUP, 28.34%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 5753 | 5583 | 5666 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391427.SRDUP, 15.62%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 10579 | 10268 | 10502 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391434.SRDUP, 23.72%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 19818 | 19231 | 19528 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391489.SRDUP, 23.36%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 6539 | 6346 | 6444 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391511.SRDUP, 28.46%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 13888 | 13523 | 13676 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391531.SRDUP, 15.72%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 3227 | 3134 | 3199 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391572.SRDUP, 17.31%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 19784 | 19201 | 19638 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391613.SRDUP, 28.33%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 5158 | 5005 | 5080 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391617.SRDUP, 22.34%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 991 | 961 | 979 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391640.SRDUP, 12.14%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 29630 | 28761 | 29503 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391648.SRDUP, 19.51%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 9403 | 9126 | 9333 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391697.SRDUP, 25.26%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 31388 | 30477 | 30951 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391709.SRDUP, 22.01%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 990 | 961 | 979 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391738.SRDUP, 27.53%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 6903 | 6699 | 6798 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391747.SRDUP, 10.36%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 1269 | 1233 | 1263 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391820.SRDUP, 24.72%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 9717 | 9430 | 9571 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391831.SRDUP, 19.68%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 979 | 951 | 966 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391888.SRDUP, 19.26%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 18112 | 17640 | 17977 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391896.SRDUP, 25.4%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 6939 | 6733 | 6856 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391924.SRDUP, 23.65%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 3922 | 3808 | 3867 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391968.SRDUP, 11.21%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 19747 | 19168 | 19705 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3391974.SRDUP, 26.5%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 1686 | 1641 | 1660 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3392009.SRDUP, 28.78%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 11409 | 11070 | 11234 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3392015.SRDUP, 20.84%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 11882 | 11531 | 11793 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3392022.SRDUP, 21.97%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 5448 | 5286 | 5383 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3392064.SRDUP, 26.1%, 09/01/2025 (a)(j) | Upstart | 09/07/2022 | 2943 | 2858 | 2891 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3392168.SRDUP, 18.37%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 24738 | 24008 | 24554 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3392189.SRDUP, 11.72%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 24276 | 23565 | 24171 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3392300.SRDUP, 26.57%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 14873 | 14433 | 14659 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3392406.SRDUP, 14.33%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 9883 | 9593 | 9813 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3393914.SRDUP, 24.11%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 15381 | 14926 | 15246 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3393918.SRDUP, 13.27%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 14326 | 13905 | 14266 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394012.SRDUP, 22.75%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 16544 | 16055 | 16352 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394096.SRDUP, 14.19%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 3953 | 3837 | 3925 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394103.SRDUP, 18.16%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 9796 | 9507 | 9725 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394166.SRDUP, 27.1%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 4751 | 4613 | 4665 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394171.SRDUP, 25.81%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 8922 | 8658 | 8794 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394206.SRDUP, 15.01%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 1186 | 1155 | 1178 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394268.SRDUP, 24.64%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 3964 | 3847 | 3908 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**116** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394336.SRDUP, 20.27%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | $4072 | $3968 | $4012 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394346.SRDUP, 28.36%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 5456 | 5294 | 5375 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394367.SRDUP, 18.49%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 9895 | 9604 | 9824 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394379.SRDUP, 25.54%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 2478 | 2405 | 2460 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394399.SRDUP, 24.85%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 3370 | 3270 | 3331 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394413.SRDUP, 21.88%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 8419 | 8170 | 8321 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394467.SRDUP, 28.56%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 7043 | 6834 | 6939 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394493.SRDUP, 25.08%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 49561 | 48093 | 48836 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394501.SRDUP, 20.14%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 9900 | 9608 | 9786 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394526.SRDUP, 27.22%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 5877 | 5703 | 5792 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394551.SRDUP, 28.63%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 18055 | 17519 | 17787 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394593.SRDUP, 28.14%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 5456 | 5294 | 5375 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394600.SRDUP, 22.76%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 4313 | 4202 | 4255 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394650.SRDUP, 13.04%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 9203 | 8939 | 9145 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394680.SRDUP, 20.76%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 11288 | 10954 | 11158 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394726.SRDUP, 25.9%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 2978 | 2890 | 2962 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394742.SRDUP, 16.94%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 3879 | 3778 | 3851 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394760.SRDUP, 21.48%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 3961 | 3844 | 3916 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394784.SRDUP, 13.16%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 4446 | 4315 | 4427 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394802.SRDUP, 17.07%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 34620 | 33600 | 34371 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394806.SRDUP, 16.53%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 5934 | 5759 | 5891 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394859.SRDUP, 21%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 35251 | 34210 | 34993 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394881.SRDUP, 25.18%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 3568 | 3463 | 3527 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394882.SRDUP, 19.04%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 7423 | 7204 | 7369 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394950.SRDUP, 20.41%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 19856 | 19340 | 19686 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394956.SRDUP, 28.53%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 7422 | 7202 | 7333 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394974.SRDUP, 9.6%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 2833 | 2752 | 2821 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394987.SRDUP, 18.43%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 5442 | 5301 | 5403 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3394996.SRDUP, 16.59%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 6813 | 6612 | 6763 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3395099.SRDUP, 28.14%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 4166 | 4057 | 4104 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3395116.SRDUP, 28.01%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 4364 | 4235 | 4301 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3395140.SRDUP, 13.03%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 4397 | 4270 | 4370 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3395193.SRDUP, 23.31%, 09/02/2027 (a)(j)(k) | Upstart | 09/08/2022 | 3000 | 2911 | 1819 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3395195.SRDUP, 18.93%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 7808 | 7578 | 7750 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3395228.SRDUP, 11.28%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 5457 | 5319 | 5433 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3395239.SRDUP, 20.37%, 09/02/2025 (a)(j) | Upstart | 09/08/2022 | 4897 | 4755 | 4832 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401189.SRDUP, 14.71%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 17792 | 17269 | 17677 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401194.SRDUP, 22.61%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 6221 | 6037 | 6156 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401248.SRDUP, 25.98%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 15697 | 15241 | 15453 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401278.SRDUP, 12.25%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 7902 | 7670 | 7871 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401283.SRDUP, 18.06%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 13701 | 13305 | 13624 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401316.SRDUP, 15.39%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 5438 | 5278 | 5402 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401321.SRDUP, 15.57%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 2960 | 2872 | 2940 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401328.SRDUP, 14.05%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 24660 | 23934 | 24501 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401351.SRDUP, 24.79%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 22413 | 21750 | 22117 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401383.SRDUP, 28.47%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 18065 | 17601 | 17842 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401394.SRDUP, 22.75%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 9318 | 9043 | 9247 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401522.SRDUP, 15.59%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 44085 | 42782 | 43764 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401534.SRDUP, 28.45%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 13392 | 12995 | 13216 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401565.SRDUP, 11.78%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 1953 | 1897 | 1942 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401583.SRDUP, 27.59%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 5006 | 4860 | 4928 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401599.SRDUP, 17.43%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 7518 | 7297 | 7469 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401756.SRDUP, 24.21%, 09/06/2027 (a)(j)(k) | Upstart | 09/09/2022 | 1500 | 1455 | 912 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401850.SRDUP, 16.4%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 21460 | 20902 | 21320 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3401860.SRDUP, 22.93%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 2450 | 2379 | 2421 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402012.SRDUP, 18.24%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 2461 | 2389 | 2445 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402023.SRDUP, 14.02%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 11859 | 11510 | 11783 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**117** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402051.SRDUP, 23.11%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | $6638 | $6442 | $6593 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402058.SRDUP, 21.73%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 17233 | 16724 | 17053 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402105.SRDUP, 17.36%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 4946 | 4800 | 4926 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402156.SRDUP, 17.19%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 27202 | 26401 | 27024 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402178.SRDUP, 12.75%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 24696 | 23971 | 24602 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402211.SRDUP, 17.13%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 2380 | 2311 | 2361 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402220.SRDUP, 28.1%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 4761 | 4620 | 4699 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402304.SRDUP, 28.21%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 4761 | 4620 | 4710 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402384.SRDUP, 12.6%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 8495 | 8246 | 8463 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402519.SRDUP, 28.78%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 18254 | 17712 | 18014 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402546.SRDUP, 10.81%, 09/06/2025 (a)(j) | Upstart | 09/09/2022 | 2343 | 2276 | 2334 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402602.SRDUP, 17.98%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 13852 | 13443 | 13761 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402617.SRDUP, 23.96%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 1982 | 1923 | 1956 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3402648.SRDUP, 28.18%, 09/06/2027 (a)(j) | Upstart | 09/09/2022 | 4265 | 4139 | 4220 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3470030.SRDUP, 16.6%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 9300 | 9021 | 9270 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3484826.SRDUP, 16.21%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 40000 | 38801 | 39873 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3493753.SRDUP, 23.49%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3200 | 3104 | 3175 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3496979.SRDUP, 10.1%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 20000 | 19403 | 19981 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3498493.SRDUP, 17.07%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 6000 | 5821 | 5975 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3498513.SRDUP, 21.69%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3500 | 3395 | 3481 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499014.SRDUP, 24.2%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 9400 | 9118 | 9350 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499047.SRDUP, 23.23%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2500 | 2434 | 2484 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499215.SRDUP, 21.09%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 4500 | 4366 | 4471 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499681.SRDUP, 24.38%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 13600 | 13192 | 13511 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499728.SRDUP, 26.64%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1200 | 1164 | 1192 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499786.SRDUP, 23.44%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1000 | 970 | 995 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499815.SRDUP, 24.33%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 7600 | 7372 | 7559 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499830.SRDUP, 24.73%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 20000 | 19402 | 19829 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499832.SRDUP, 23.82%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 10000 | 9700 | 9934 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499842.SRDUP, 24.37%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2300 | 2231 | 2288 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499892.SRDUP, 18.66%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 11000 | 10670 | 10964 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499895.SRDUP, 14.94%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 6000 | 5820 | 5989 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499912.SRDUP, 17.9%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 6000 | 5842 | 5962 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499914.SRDUP, 23.26%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3000 | 2910 | 2980 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499928.SRDUP, 21.59%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 35000 | 33955 | 34773 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499941.SRDUP, 24.36%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 7100 | 6887 | 7053 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499944.SRDUP, 9.7%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 2500 | 2426 | 2496 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3499960.SRDUP, 18.83%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 11200 | 10864 | 11164 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500017.SRDUP, 22.74%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1500 | 1455 | 1490 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500036.SRDUP, 24.24%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 7900 | 7663 | 7858 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500040.SRDUP, 15.14%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 10000 | 9703 | 9958 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500057.SRDUP, 12.99%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 8000 | 7789 | 7985 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500079.SRDUP, 20.78%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 11500 | 11155 | 11426 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500091.SRDUP, 20.2%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2800 | 2716 | 2791 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500107.SRDUP, 17.93%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 20000 | 19400 | 19936 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500112.SRDUP, 22.46%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4500 | 4365 | 4476 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500128.SRDUP, 12.31%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 19100 | 18529 | 19065 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500157.SRDUP, 18.67%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4000 | 3894 | 3987 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500169.SRDUP, 22.76%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1900 | 1843 | 1888 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500174.SRDUP, 14.88%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 16700 | 16200 | 16669 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500193.SRDUP, 19.46%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 2200 | 2134 | 2186 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500231.SRDUP, 15.36%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 13000 | 12611 | 12959 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500243.SRDUP, 22.33%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3500 | 3395 | 3481 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500271.SRDUP, 13.28%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 50000 | 48504 | 49908 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500293.SRDUP, 14.63%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 18000 | 17461 | 17943 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500312.SRDUP, 16.33%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 5600 | 5432 | 5582 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500343.SRDUP, 11.65%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 3800 | 3687 | 3790 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**118** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500371.SRDUP, 18.38%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | $20000 | $19470 | $19895 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500416.SRDUP, 21.18%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 35000 | 33950 | 34885 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500423.SRDUP, 16.29%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 6200 | 6014 | 6180 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500425.SRDUP, 13.3%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 8232 | 7986 | 8216 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500427.SRDUP, 21.42%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4000 | 3880 | 3979 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500444.SRDUP, 24.4%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 8000 | 7760 | 7957 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500445.SRDUP, 17.79%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 5500 | 5335 | 5482 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500458.SRDUP, 19.1%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 8000 | 7760 | 7974 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500472.SRDUP, 24.28%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1700 | 1649 | 1689 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500482.SRDUP, 15.02%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 8900 | 8633 | 8872 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500484.SRDUP, 20.57%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 13400 | 12998 | 13313 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500485.SRDUP, 19.76%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 7500 | 7275 | 7476 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500488.SRDUP, 23.52%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 23400 | 22698 | 23247 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500491.SRDUP, 17.06%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 35000 | 33951 | 34888 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500497.SRDUP, 22.79%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4500 | 4381 | 4471 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500563.SRDUP, 14.02%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 11200 | 10904 | 11165 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500580.SRDUP, 14.91%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 25000 | 24251 | 24921 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500588.SRDUP, 10.88%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 2000 | 1941 | 1997 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500600.SRDUP, 21.06%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 10000 | 9700 | 9947 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500620.SRDUP, 14.71%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 20000 | 19401 | 19937 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500646.SRDUP, 22.98%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 10000 | 9700 | 9935 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500652.SRDUP, 10.96%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 40000 | 38944 | 39962 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500692.SRDUP, 24.4%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4400 | 4268 | 4371 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500693.SRDUP, 17.67%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 6000 | 5842 | 5962 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500697.SRDUP, 20.76%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 7800 | 7567 | 7750 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500718.SRDUP, 20.37%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 12500 | 12127 | 12446 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500730.SRDUP, 21.61%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 8000 | 7788 | 7948 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500779.SRDUP, 24.29%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 7000 | 6790 | 6962 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500797.SRDUP, 14.46%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4800 | 4656 | 4791 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500805.SRDUP, 19.56%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3223 | 3138 | 3211 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500818.SRDUP, 19%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 30000 | 29100 | 29903 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500820.SRDUP, 24.33%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1800 | 1746 | 1788 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500831.SRDUP, 24%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1500 | 1455 | 1490 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500838.SRDUP, 20.91%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 7000 | 6790 | 6977 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500846.SRDUP, 12.54%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 2000 | 1941 | 1995 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500869.SRDUP, 16.64%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2366 | 2295 | 2357 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500892.SRDUP, 14.84%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1700 | 1649 | 1697 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500895.SRDUP, 24.39%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1600 | 1558 | 1591 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500901.SRDUP, 15.75%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3900 | 3783 | 3888 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500906.SRDUP, 17.79%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 8000 | 7760 | 7974 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500918.SRDUP, 22.64%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 12300 | 11931 | 12259 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500949.SRDUP, 22.77%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 22300 | 21631 | 22181 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500967.SRDUP, 21.28%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 10000 | 9700 | 9947 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500992.SRDUP, 20.83%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | 3800 | 3687 | 3775 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3500993.SRDUP, 19.77%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 20000 | 19400 | 19935 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501018.SRDUP, 10.44%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 10000 | 9701 | 9991 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501070.SRDUP, 24.23%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 2600 | 2522 | 2583 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501081.SRDUP, 21.06%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 8500 | 8275 | 8455 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501084.SRDUP, 24.37%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3700 | 3589 | 3676 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501102.SRDUP, 24.28%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 6000 | 5820 | 5953 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501129.SRDUP, 24.14%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 9800 | 9506 | 9736 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501150.SRDUP, 16.65%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 5500 | 5335 | 5482 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501239.SRDUP, 24.13%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 7000 | 6790 | 6977 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501245.SRDUP, 19.97%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 8600 | 8342 | 8555 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501266.SRDUP, 23.82%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1100 | 1067 | 1094 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501280.SRDUP, 17.21%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 7000 | 6790 | 6978 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501285.SRDUP, 24.33%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 1600 | 1552 | 1590 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**119** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **PLATFORM** | **ORIGINAL<br>ACQUISITION DATE** | **PRINCIPAL<br>AMOUNT** | **COST** | **FAIR VALUE** |
| **United States - 11.1% (continued)** |  | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501301.SRDUP, 9.97%, 10/13/2025 (a)(j) | Upstart | 10/18/2022 | $4000 | $3881 | $3993 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501346.SRDUP, 24.24%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4600 | 4462 | 4570 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3501417.SRDUP, 23.82%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 4200 | 4074 | 4172 |
|  **Total Consumer Loans**<br> (Cost $52,091,189) | **Total Consumer Loans**<br> (Cost $52,091,189) | **Total Consumer Loans**<br> (Cost $52,091,189) |  | **52091189** | **50050633** |
| **Student Loans (f) - 0.0%** |  |  |  |  |  |
| **United States - 0.0%** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; L3280442.SRDUP, 21.46%, 07/19/2027 (a)(j) | Upstart | 07/22/2022 | 4858 | 4858 | 4830 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3281850.SRDUP, 24.4%, 07/19/2027 (a)(j)(k) | Upstart | 07/22/2022 | 3297 | 3296 | 3160 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3283479.SRDUP, 17.33%, 07/20/2027 (a)(j) | Upstart | 07/25/2022 | 6460 | 6460 | 6416 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3291812.SRDUP, 17.77%, 07/22/2027 (a)(j) | Upstart | 07/27/2022 | 4843 | 4843 | 4817 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3294068.SRDUP, 24.04%, 07/25/2027 (a)(j) | Upstart | 07/28/2022 | 1168 | 1168 | 1160 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3300956.SRDUP, 22.06%, 07/27/2027 (a)(j) | Upstart | 08/01/2022 | 10888 | 10888 | 10795 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3320263.SRDUP, 21.57%, 08/03/2027 (a)(j) | Upstart | 08/08/2022 | 3434 | 3334 | 3386 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3321408.SRDUP, 15.62%, 08/04/2027 (a)(j) | Upstart | 08/09/2022 | 12708 | 12339 | 12600 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3323628.SRDUP, 13.78%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 2930 | 2845 | 2918 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3324892.SRDUP, 17.55%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 1176 | 1142 | 1168 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3324897.SRDUP, 16.22%, 08/05/2027 (a)(j)(k) | Upstart | 08/10/2022 | 4707 | 4571 | 4667 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325120.SRDUP, 15.78%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 9583 | 9304 | 9519 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325168.SRDUP, 24.39%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 2948 | 2862 | 2909 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3325729.SRDUP, 24.3%, 08/05/2027 (a)(j) | Upstart | 08/10/2022 | 2456 | 2384 | 2424 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3327392.SRDUP, 9.7%, 08/08/2025 (a)(j) | Upstart | 08/11/2022 | 4751 | 4618 | 4727 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3332346.SRDUP, 18.7%, 08/09/2027 (a)(j)(k) | Upstart | 08/12/2022 | 2400 | 2328 | 756 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3382376.SRDUP, 16.97%, 09/01/2027 (a)(j) | Upstart | 09/07/2022 | 4154 | 4032 | 4124 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3385912.SRDUP, 14.81%, 09/02/2027 (a)(j) | Upstart | 09/08/2022 | 14958 | 14511 | 14882 |
| &nbsp;&nbsp;&nbsp;&nbsp; L3487758.SRDUP, 16.74%, 10/13/2027 (a)(j) | Upstart | 10/18/2022 | 3800 | 3686 | 3788 |
|  **Total Student Loans** (Cost $99,469) | **Total Student Loans** (Cost $99,469) |  |  | **99469** | **99046** |
|  **TOTAL WHOLE LOANS** (Cost $52,190,658) | **TOTAL WHOLE LOANS** (Cost $52,190,658) |  |  |  | **50149679** |
|  **TOTAL INVESTMENTS** (Cost $481,378,455) - 100.8% | **TOTAL INVESTMENTS** (Cost $481,378,455) - 100.8% |  |  |  | **455243504** |
|  **OTHER LIABILITIES IN EXCESS OF ASSETS - (0.8)%** | **OTHER LIABILITIES IN EXCESS OF ASSETS - (0.8)%** |  |  |  | **(3650337)** |
|  **TOTAL NET ASSETS - 100.0%** | **TOTAL NET ASSETS - 100.0%** |  |  |  | $**451593167** |

---

Percentages are stated as a percent of net assets.

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

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

(c) Underlying holdings are mortgages.

(d) Underlying holdings are consumer loans.

(e) Affiliated company. See Note 3.

(f) Rounds to zero.

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

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

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

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

(k) Non-income producing security.

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**120** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

**Written Options** 

---

| | | | |
|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>AMOUNT** | **FAIR VALUE** |
|  **CALL OPTIONS** |  |  |  |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $64.25 | 75 | 4800750 | $32250 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $64.50 | 65 | 4160650 | 22100 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $64.75 | 100 | 6401000 | 26000 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $65.00 | 175 | 11201750 | 35000 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $65.50 | 97 | 6208970 | 10670 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $65.75 | 40 | 2560400 | 3200 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $66.00 | 125 | 8001250 | 7500 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $66.50 | 63 | 4032630 | 1575 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $67.00 | 29 | 1856290 | 290 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $68.00 | 16 | 1024160 | 80 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $112.50 | 91 | 6532663 | 147306 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $112.75 | 121 | 8686288 | 180744 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $113.00 | 227 | 16295763 | 309287 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $113.50 | 237 | 17013638 | 266625 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $114.00 | 124 | 8901650 | 112375 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $114.50 | 174 | 12491025 | 123975 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $114.75 | 5 | 358938 | 3125 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $115.00 | 114 | 8183775 | 61987 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $115.50 | 109 | 7824838 | 43600 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $116.00 | 47 | 3374013 | 13219 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $116.50 | 17 | 1220388 | 3294 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $117.00 | 12 | 861450 | 1500 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $117.50 | 1 | 71788 | 81 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $118.00 | 6 | 430725 | 300 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $124.00 | 50 | 3589375 | 313 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $73.25 | 48 | 3523680 | 23520 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $73.50 | 165 | 12112650 | 57750 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $73.75 | 100 | 7341000 | 25000 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $74.00 | 262 | 19233420 | 44540 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $74.25 | 75 | 5505750 | 8250 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $74.50 | 137 | 10057170 | 9590 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $74.75 | 25 | 1835250 | 1000 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $75.00 | 38 | 2789580 | 950 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $75.50 | 60 | 4404600 | 600 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $76.00 | 9 | 660690 | 45 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $77.00 | 12 | 880920 | 60 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $77.50 | 50 | 3670500 | 250 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $78.00 | 37 | 2716170 | 185 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $78.50 | 75 | 5505750 | 375 |
|  Canadian Dollar Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $75.50 | 25 | 1835250 | 4250 |
|  Canadian Dollar Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $76.00 | 25 | 1835250 | 2750 |
|  Canadian Dollar Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $76.50 | 40 | 2936400 | 2400 |
|  CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $37.00 | 186 | 481368 | 6231 |
|  CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $38.00 | 50 | 129400 | 1525 |
|  CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $39.00 | 114 | 295032 | 3078 |
|  CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $37.50 | 1 | 2588 | 32 |
|  CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $40.00 | 296 | 766048 | 7252 |
|  CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $42.50 | 11 | 28468 | 214 |
|  CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $45.00 | 90 | 232920 | 1440 |
|  CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $47.50 | 50 | 129400 | 675 |
|  CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $50.00 | 350 | 905800 | 4025 |
|  CBOE SPX Volatility Index, November 2022 Settlement, Expires 11/16/2022 Strike Price $55.00 | 123 | 318324 | 1045 |
|  Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,350.00 | 56 | 1307600 | 14000 |
|  Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,400.00 | 163 | 3806050 | 16300 |
|  Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,450.00 | 320 | 7472000 | 16000 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**121** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | |
|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>AMOUNT** | **FAIR VALUE** |
|  Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,500.00 | 300 | 7005000 | $9000 |
|  Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,550.00 | 300 | 7005000 | 6000 |
|  Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,600.00 | 316 | 7378600 | 3160 |
|  Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,650.00 | 264 | 6164400 | 2640 |
|  Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,700.00 | 225 | 5253750 | 2250 |
|  Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,750.00 | 97 | 2264950 | 970 |
|  Cocoa Future, December 2022 Settlement, Expires 11/04/2022 Strike Price $2,800.00 | 64 | 1494400 | 640 |
|  Cocoa Future, January 2023 Settlement, Expires 12/02/2022 Strike Price $2,450.00 | 212 | 4967160 | 69960 |
|  Cocoa Future, January 2023 Settlement, Expires 12/02/2022 Strike Price $2,500.00 | 52 | 1218360 | 11960 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $220.00 | 8 | 533100 | 390 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $222.50 | 11 | 733013 | 495 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $225.00 | 44 | 2932050 | 1650 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $227.50 | 48 | 3198600 | 1620 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $230.00 | 41 | 2732138 | 1230 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $232.50 | 35 | 2332313 | 919 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $235.00 | 33 | 2199038 | 742 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $237.50 | 44 | 2932050 | 825 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $240.00 | 7 | 466463 | 131 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $710.00 | 25 | 864375 | 12344 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $715.00 | 25 | 864375 | 10625 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $720.00 | 25 | 864375 | 9219 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $725.00 | 141 | 4875075 | 44944 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $730.00 | 155 | 5359125 | 42625 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $735.00 | 186 | 6430950 | 45337 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $740.00 | 264 | 9127800 | 56100 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $745.00 | 89 | 3077175 | 16688 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $750.00 | 161 | 5566575 | 26162 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $755.00 | 75 | 2593125 | 10781 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $760.00 | 125 | 4321875 | 16406 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $78.00 | 71 | 2556000 | 23430 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $79.00 | 82 | 2952000 | 21730 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $80.00 | 94 | 3384000 | 19740 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $81.00 | 171 | 6156000 | 29925 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $82.00 | 167 | 6012000 | 24215 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $83.00 | 133 | 4788000 | 15960 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $84.00 | 112 | 4032000 | 11760 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $85.00 | 37 | 1332000 | 3330 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $97.00 | 12 | 432000 | 300 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $98.00 | 26 | 936000 | 650 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $99.00 | 32 | 1152000 | 640 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $100.00 | 27 | 972000 | 540 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $101.00 | 29 | 1044000 | 580 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $102.00 | 29 | 1044000 | 435 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $103.00 | 19 | 684000 | 285 |
|  Crude Oil Future, December 2022 Settlement, Expires 11/16/2022 Strike Price $99.50 | 8 | 692240 | 3440 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $103.50 | 25 | 2320250 | 29000 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $106.00 | 5 | 464050 | 4250 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $106.50 | 44 | 4083640 | 35200 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $107.00 | 87 | 8074470 | 65250 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $107.50 | 70 | 6496700 | 49700 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $108.00 | 59 | 5475790 | 39530 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $108.50 | 87 | 8074470 | 54810 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $109.00 | 60 | 5568600 | 35400 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $109.50 | 84 | 7796040 | 47040 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $110.00 | 25 | 2320250 | 13250 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $110.50 | 10 | 928100 | 5000 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $111.00 | 19 | 1763390 | 8930 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $111.50 | 15 | 1392150 | 6750 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**122** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | |
|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>AMOUNT** | **FAIR VALUE** |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $112.00 | 15 | 1392150 | $6450 |
|  Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $0.985 | 3 | 371250 | 3975 |
|  Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $0.990 | 14 | 1732500 | 12950 |
|  Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $0.995 | 15 | 1856250 | 9187 |
|  Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $1.005 | 6 | 742500 | 1275 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,715.00 | 7 | 1148490 | 3850 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,720.00 | 10 | 1640700 | 5000 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,725.00 | 25 | 4101750 | 11250 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,730.00 | 21 | 3445470 | 8400 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,735.00 | 53 | 8695710 | 19080 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,740.00 | 78 | 12797460 | 24960 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,745.00 | 98 | 16078860 | 27440 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,750.00 | 91 | 14930370 | 22750 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,755.00 | 39 | 6398730 | 8580 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,760.00 | 14 | 2296980 | 2800 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,765.00 | 23 | 3773610 | 4140 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,770.00 | 29 | 4758030 | 4640 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,775.00 | 39 | 6398730 | 5460 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,780.00 | 40 | 6562800 | 5200 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,790.00 | 11 | 1804770 | 1210 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,795.00 | 10 | 1640700 | 900 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,800.00 | 7 | 1148490 | 630 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $364.00 | 19 | 1603125 | 10169 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $373.00 | 5 | 421875 | 1562 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $374.00 | 10 | 843750 | 3000 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $375.00 | 15 | 1265625 | 4125 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $376.00 | 15 | 1265625 | 3938 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $377.00 | 10 | 843750 | 2375 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $378.00 | 10 | 843750 | 2250 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $379.00 | 10 | 843750 | 2125 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $380.00 | 89 | 7509375 | 17800 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $381.00 | 55 | 4640625 | 10313 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $382.00 | 101 | 8521875 | 17675 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $383.00 | 67 | 5653125 | 10887 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $384.00 | 52 | 4387500 | 7800 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $385.00 | 40 | 3375000 | 5500 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $386.00 | 30 | 2531250 | 4125 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $387.00 | 50 | 4218750 | 6250 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $388.00 | 20 | 1687500 | 2250 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $389.00 | 15 | 1265625 | 1687 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $390.00 | 32 | 2700000 | 3200 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $400.00 | 5 | 421875 | 250 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $69.00 | 25 | 2114375 | 3438 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $69.25 | 12 | 1014900 | 1200 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $69.50 | 78 | 6596850 | 5850 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $69.75 | 50 | 4228750 | 3125 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.00 | 95 | 8034625 | 4156 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.25 | 105 | 8880375 | 3938 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.50 | 65 | 5497375 | 2031 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.75 | 62 | 5243650 | 1550 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.00 | 75 | 6343125 | 1406 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.25 | 87 | 7358025 | 1088 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.50 | 37 | 3129275 | 463 |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $87.00 | 25 | 849300 | 18750 |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $88.00 | 25 | 849300 | 15000 |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $89.00 | 75 | 2547900 | 35250 |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $90.00 | 155 | 5265660 | 57350 |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $91.00 | 100 | 3397200 | 29000 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**123** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | |
|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>AMOUNT** | **FAIR VALUE** |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $93.00 | 25 | 849300 | $4250 |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $94.00 | 40 | 1358880 | 5200 |
|  Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $149.00 | 25 | 1524800 | 36000 |
|  Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $150.00 | 75 | 4574400 | 80250 |
|  Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $151.00 | 80 | 4879360 | 58400 |
|  Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $152.00 | 75 | 4574400 | 33750 |
|  Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $153.00 | 25 | 1524800 | 6250 |
|  Live Cattle Future, December 2022 Settlement, Expires 12/02/2022 Strike Price $152.00 | 25 | 1524800 | 24250 |
|  Live Cattle Future, December 2022 Settlement, Expires 12/02/2022 Strike Price $153.00 | 75 | 4574400 | 57000 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.15 | 30 | 1908000 | 231300 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.20 | 20 | 1272000 | 149440 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.25 | 20 | 1272000 | 144820 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.30 | 20 | 1272000 | 140320 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.50 | 25 | 1590000 | 154500 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.55 | 25 | 1590000 | 149725 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.60 | 46 | 2925600 | 266984 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.65 | 61 | 3879600 | 343125 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.70 | 50 | 3180000 | 272600 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.75 | 95 | 6042000 | 502170 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.80 | 37 | 2353200 | 189588 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.85 | 36 | 2289600 | 178848 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.95 | 16 | 1017600 | 74720 |
|  Natural Gas Future, January 2023 Settlement, Expires 12/27/2022 Strike Price $12.05 | 25 | 1652500 | 62693 |
|  Natural Gas Future, January 2023 Settlement, Expires 12/27/2022 Strike Price $12.10 | 25 | 1652500 | 61693 |
|  Natural Gas Future, January 2023 Settlement, Expires 12/27/2022 Strike Price $13.05 | 25 | 1652500 | 52693 |
|  Natural Gas Future, January 2023 Settlement, Expires 12/27/2022 Strike Price $13.10 | 25 | 1652500 | 52443 |
|  Natural Gas Future, January 2023 Settlement, Expires 12/27/2022 Strike Price $15.00 | 25 | 1652500 | 36193 |
|  Natural Gas Future, January 2023 Settlement, Expires 12/27/2022 Strike Price $15.25 | 25 | 1652500 | 34693 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $20.75 | 20 | 1912000 | 17715 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $21.05 | 20 | 1912000 | 13400 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $21.50 | 22 | 2103200 | 10340 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $21.95 | 24 | 2294400 | 8040 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $22.00 | 1 | 95600 | 353 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $22.50 | 4 | 382400 | 920 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $22.55 | 12 | 1147200 | 2700 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $22.60 | 13 | 1242800 | 2795 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $22.75 | 4 | 382400 | 780 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $22.85 | 8 | 764800 | 1480 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $25.00 | 1 | 95600 | 60 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $25.25 | 3 | 286800 | 165 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $25.50 | 1 | 95600 | 50 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,440.00 | 51 | 3619725 | 44944 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,450.00 | 117 | 8304075 | 83363 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,460.00 | 100 | 7097500 | 56875 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,470.00 | 184 | 13059400 | 83950 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,480.00 | 155 | 11001125 | 55219 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,490.00 | 98 | 6955550 | 27563 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,500.00 | 124 | 8800900 | 27900 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,510.00 | 45 | 3193875 | 7875 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,520.00 | 51 | 3619725 | 7013 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $73.50 | 50 | 2196300 | 63900 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $74.00 | 50 | 2196300 | 57300 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $75.00 | 50 | 2196300 | 45750 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $77.00 | 50 | 2196300 | 28050 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $78.50 | 40 | 1757040 | 15000 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $79.50 | 48 | 2108448 | 13824 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $80.00 | 40 | 1757040 | 9960 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $80.50 | 95 | 4172970 | 20805 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**124** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | |
|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>AMOUNT** | **FAIR VALUE** |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $81.00 | 73 | 3206598 | $14016 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $81.50 | 59 | 2591634 | 9912 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $82.00 | 81 | 3558006 | 11907 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $82.50 | 48 | 2108448 | 6192 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $83.00 | 38 | 1669188 | 4332 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $83.50 | 122 | 5358972 | 12078 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $84.00 | 14 | 614964 | 1218 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $84.50 | 18 | 790668 | 1404 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $85.00 | 17 | 746742 | 1173 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $85.50 | 15 | 658890 | 945 |
|  Soybean Oil Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $86.00 | 4 | 175704 | 216 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $19.00 | 302 | 6078173 | 16912 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $19.25 | 400 | 8050560 | 13440 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $19.50 | 450 | 9056880 | 10080 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $19.75 | 200 | 4025280 | 2240 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $20.00 | 160 | 3220224 | 1792 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $20.25 | 75 | 1509480 | 840 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $20.50 | 50 | 1006320 | 560 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $970.00 | 25 | 1102813 | 17969 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $975.00 | 25 | 1102813 | 17031 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $980.00 | 25 | 1102813 | 15938 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $985.00 | 50 | 2205625 | 30313 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $990.00 | 50 | 2205625 | 28438 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $995.00 | 50 | 2205625 | 26875 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,000.00 | 50 | 2205625 | 25625 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,005.00 | 50 | 2205625 | 24375 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,010.00 | 50 | 2205625 | 23125 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,015.00 | 50 | 2205625 | 21875 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,020.00 | 50 | 2205625 | 20937 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,025.00 | 50 | 2205625 | 20000 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,030.00 | 50 | 2205625 | 19062 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,035.00 | 41 | 1808613 | 15119 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,055.00 | 30 | 1323375 | 9188 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,065.00 | 33 | 1455713 | 9281 |
|  Wheat Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,075.00 | 16 | 705800 | 4200 |
|  **TOTAL CALL OPTIONS** (Premiums Received $10,154,429) |  |  | **7658209** |
|  **PUT OPTIONS** |  |  |  |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $58.00 | 20 | 1280200 | 100 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $59.00 | 4 | 256040 | 20 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $60.00 | 25 | 1600250 | 125 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $60.50 | 50 | 3200500 | 250 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $61.00 | 25 | 1600250 | 250 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $61.50 | 165 | 10561650 | 4125 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $61.75 | 68 | 4352680 | 2720 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $62.00 | 181 | 11585810 | 10860 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $62.25 | 175 | 11201750 | 14000 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $62.50 | 272 | 17410720 | 29920 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $63.00 | 175 | 11201750 | 33250 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $63.50 | 75 | 4800750 | 24750 |
|  Australian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $64.00 | 25 | 1600250 | 13500 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $100.00 | 2 | 143575 | 12 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $101.00 | 20 | 1435750 | 125 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $104.00 | 3 | 215363 | 37 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $104.50 | 2 | 143575 | 25 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $105.50 | 25 | 1794688 | 312 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $106.00 | 116 | 8327350 | 1450 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**125** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | |
|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>AMOUNT** | **FAIR VALUE** |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $106.50 | 125 | 8973438 | $1562 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $107.00 | 147 | 10552763 | 2756 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $107.50 | 248 | 17803300 | 4650 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $108.00 | 164 | 11773150 | 3075 |
|  British Pound Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $108.75 | 5 | 358938 | 94 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $69.00 | 12 | 880920 | 60 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.00 | 39 | 2862990 | 195 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.50 | 50 | 3670500 | 250 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $70.75 | 50 | 3670500 | 250 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.00 | 148 | 10864680 | 740 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.25 | 100 | 7341000 | 1000 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.50 | 298 | 21876180 | 5960 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $71.75 | 189 | 13874490 | 5670 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $72.00 | 279 | 20481390 | 13950 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $72.50 | 75 | 5505750 | 8250 |
|  Canadian Dollar Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $73.00 | 41 | 3009810 | 9840 |
|  CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,575.00 | 25 | 9679950 | 1500 |
|  CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,580.00 | 25 | 9679950 | 1625 |
|  CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,585.00 | 50 | 19359900 | 3500 |
|  CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,590.00 | 50 | 19359900 | 3750 |
|  CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,595.00 | 50 | 19359900 | 4000 |
|  CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,600.00 | 25 | 9679950 | 2125 |
|  CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,605.00 | 25 | 9679950 | 2250 |
|  CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,610.00 | 50 | 19359900 | 4875 |
|  CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,615.00 | 50 | 19359900 | 5250 |
|  CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,620.00 | 75 | 29039850 | 8625 |
|  CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,625.00 | 50 | 19359900 | 6250 |
|  CBOE S&P 500 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $3,630.00 | 25 | 9679950 | 3437 |
|  CME Bitcoin Future, November 2022 Settlement, Expires 11/28/2022 Strike Price $14,000.00 | 10 | 1019000 | 3000 |
|  CME Bitcoin Future, November 2022 Settlement, Expires 11/28/2022 Strike Price $14,500.00 | 25 | 2547500 | 8750 |
|  CME Bitcoin Future, November 2022 Settlement, Expires 11/28/2022 Strike Price $15,000.00 | 25 | 2547500 | 10625 |
|  CME Bitcoin Future, November 2022 Settlement, Expires 11/28/2022 Strike Price $16,000.00 | 60 | 6114000 | 37500 |
|  CME Bitcoin Future, November 2022 Settlement, Expires 11/28/2022 Strike Price $16,500.00 | 5 | 509500 | 3875 |
|  CME Bitcoin Future, November 2022 Settlement, Expires 11/28/2022 Strike Price $17,000.00 | 10 | 1019000 | 10000 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $177.50 | 64 | 4264800 | 122160 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $180.00 | 64 | 4264800 | 155760 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $182.50 | 54 | 3598425 | 163620 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $185.00 | 57 | 3798338 | 210330 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $187.50 | 63 | 4198163 | 277830 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $190.00 | 75 | 4997813 | 387844 |
|  Coffee 'C' Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $192.50 | 9 | 599738 | 53797 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $620.00 | 25 | 864375 | 1719 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $625.00 | 50 | 1728750 | 3750 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $630.00 | 75 | 2593125 | 6562 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $635.00 | 75 | 2593125 | 7500 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $640.00 | 75 | 2593125 | 8906 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $645.00 | 75 | 2593125 | 10781 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $650.00 | 75 | 2593125 | 13125 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $655.00 | 75 | 2593125 | 15937 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $660.00 | 98 | 3388350 | 25725 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $665.00 | 362 | 12516150 | 115388 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $670.00 | 300 | 10372500 | 118125 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $675.00 | 216 | 7468200 | 103950 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $680.00 | 205 | 7087875 | 116594 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $685.00 | 214 | 7399050 | 145787 |
|  Corn Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $690.00 | 28 | 968100 | 22575 |
|  Corn Future, January 2023 Settlement, Expires 12/23/2022 Strike Price $660.00 | 46 | 1602525 | 21563 |
|  Corn Future, January 2023 Settlement, Expires 12/23/2022 Strike Price $665.00 | 59 | 2055413 | 31712 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**126** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | |
|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>AMOUNT** | **FAIR VALUE** |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $73.00 | 17 | 612000 | $25075 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $74.00 | 77 | 2772000 | 137830 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $75.00 | 112 | 4032000 | 239120 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $76.00 | 130 | 4680000 | 326300 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $77.00 | 148 | 5328000 | 430680 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $78.00 | 119 | 4284000 | 396270 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $79.00 | 94 | 3384000 | 353910 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $85.00 | 42 | 1512000 | 276780 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $86.00 | 29 | 1044000 | 205175 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $87.00 | 26 | 936000 | 196690 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $88.00 | 32 | 1152000 | 257920 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $89.00 | 25 | 900000 | 213875 |
|  Cotton Future, December 2022 Settlement, Expires 11/11/2022 Strike Price $90.00 | 6 | 216000 | 54300 |
|  Cotton Future, January 2023 Settlement, Expires 12/16/2022 Strike Price $70.00 | 6 | 214920 | 11460 |
|  Crude Oil Future, December 2022 Settlement, Expires 11/16/2022 Strike Price $73.50 | 8 | 692240 | 1920 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $79.75 | 10 | 928100 | 5700 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $80.00 | 5 | 464050 | 2950 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $80.50 | 50 | 4640500 | 32500 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $80.75 | 5 | 464050 | 3400 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $81.00 | 118 | 10951580 | 83780 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $81.25 | 22 | 2041820 | 16280 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $81.50 | 80 | 7424800 | 61600 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $81.75 | 15 | 1392150 | 12150 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $82.00 | 48 | 4454880 | 40320 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $82.25 | 15 | 1392150 | 13200 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $82.50 | 80 | 7424800 | 73600 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $82.75 | 40 | 3712400 | 38400 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $83.00 | 52 | 4826120 | 52000 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $83.25 | 5 | 464050 | 5200 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $83.50 | 5 | 464050 | 5450 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $83.75 | 2 | 185620 | 2260 |
|  Crude Oil Future, January 2023 Settlement, Expires 11/25/2022 Strike Price $84.00 | 5 | 464050 | 5900 |
|  Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $0.940 | 3 | 371250 | 19 |
|  Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $0.950 | 5 | 618750 | 31 |
|  Euro FX Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $0.960 | 40 | 4950000 | 1250 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,380.00 | 14 | 15383410 | 13615 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,390.00 | 23 | 25272745 | 23173 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,410.00 | 22 | 24173930 | 6490 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,420.00 | 14 | 15383410 | 4375 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,430.00 | 8 | 8790520 | 2620 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,440.00 | 4 | 4395260 | 1360 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,510.00 | 4 | 4395260 | 1960 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,520.00 | 8 | 8790520 | 4080 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,530.00 | 8 | 8790520 | 9600 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,540.00 | 8 | 8790520 | 4520 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,560.00 | 2 | 2197630 | 2480 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,540.00 | 22 | 3609540 | 6380 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,545.00 | 10 | 1640700 | 3200 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,550.00 | 85 | 13945950 | 31450 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,555.00 | 13 | 2132910 | 5330 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,560.00 | 35 | 5742450 | 16450 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,565.00 | 23 | 3773610 | 12190 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,570.00 | 38 | 6234660 | 22420 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,575.00 | 18 | 2953260 | 12060 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,580.00 | 84 | 13781880 | 63000 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,585.00 | 79 | 12961530 | 66360 |
|  Gold Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $1,590.00 | 6 | 984420 | 5640 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $310.00 | 10 | 843750 | 5125 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**127** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | |
|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>AMOUNT** | **FAIR VALUE** |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $312.00 | 5 | 421875 | $2938 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $313.00 | 15 | 1265625 | 9375 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $315.00 | 5 | 421875 | 3563 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $316.00 | 1 | 84375 | 750 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $317.00 | 31 | 2615625 | 24800 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $318.00 | 32 | 2700000 | 27200 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $319.00 | 44 | 3712500 | 39600 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $320.00 | 27 | 2278125 | 25650 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $321.00 | 45 | 3796875 | 45562 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $322.00 | 50 | 4218750 | 53750 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $323.00 | 45 | 3796875 | 51188 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $324.00 | 20 | 1687500 | 24250 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $325.00 | 35 | 2953125 | 45062 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $326.00 | 55 | 4640625 | 74938 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $327.00 | 40 | 3375000 | 58000 |
|  HG Copper Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $328.00 | 29 | 2446875 | 44588 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $66.50 | 25 | 2114375 | 3438 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $66.75 | 26 | 2198950 | 5200 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $67.00 | 25 | 2114375 | 6875 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $67.25 | 121 | 10233575 | 45375 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $67.50 | 130 | 10994750 | 65000 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $67.75 | 128 | 10825600 | 83200 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $68.00 | 111 | 9387825 | 92963 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $68.25 | 92 | 7780900 | 96600 |
|  Japanese Yen Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $68.50 | 114 | 9641550 | 146775 |
|  Japanese Yen Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $65.50 | 5 | 422875 | 2375 |
|  Japanese Yen Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $66.50 | 13 | 1099475 | 10563 |
|  Japanese Yen Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $68.00 | 25 | 2114375 | 41562 |
|  Japanese Yen Future, December 2022 Settlement, Expires 12/09/2022 Strike Price $68.50 | 50 | 4228750 | 102500 |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $72.00 | 35 | 1189020 | 3850 |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $73.00 | 25 | 849300 | 3250 |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $74.00 | 100 | 3397200 | 15000 |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $75.00 | 75 | 2547900 | 13500 |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $76.00 | 48 | 1630656 | 10080 |
|  Lean Hogs Future, December 2022 Settlement, Expires 12/16/2022 Strike Price $77.00 | 60 | 2038320 | 15600 |
|  Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $144.00 | 39 | 2378688 | 390 |
|  Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $145.00 | 75 | 4574400 | 750 |
|  Live Cattle Future, November 2022 Settlement, Expires 11/04/2022 Strike Price $146.00 | 75 | 4574400 | 750 |
|  Live Cattle Future, December 2022 Settlement, Expires 12/02/2022 Strike Price $139.00 | 25 | 1524800 | 1000 |
|  Live Cattle Future, December 2022 Settlement, Expires 12/02/2022 Strike Price $141.00 | 60 | 3659520 | 3600 |
|  Live Cattle Future, December 2022 Settlement, Expires 12/02/2022 Strike Price $142.00 | 50 | 3049600 | 4000 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,375.00 | 12 | 13185780 | 11580 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,400.00 | 37 | 40656155 | 33855 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,425.00 | 4 | 4395260 | 1280 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,525.00 | 8 | 8790520 | 9520 |
|  NASDAQ 100 Stock Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $10,550.00 | 4 | 4395260 | 4900 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $4.70 | 24 | 1526400 | 23592 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $4.75 | 25 | 1590000 | 26550 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $4.80 | 58 | 3688800 | 66468 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $4.85 | 61 | 3879600 | 75274 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $4.90 | 96 | 6105600 | 127488 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $4.95 | 20 | 1272000 | 28540 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $5.00 | 25 | 1590000 | 38300 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $5.90 | 20 | 1272000 | 89200 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $5.95 | 20 | 1272000 | 93740 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.00 | 20 | 1272000 | 98440 |
|  Natural Gas Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $6.05 | 30 | 1908000 | 154890 |
|  Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,655.00 | 3 | 554058 | 720 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**128** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | |
|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>AMOUNT** | **FAIR VALUE** |
|  Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,660.00 | 14 | 2585604 | $3360 |
|  Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,665.00 | 14 | 2585604 | 3360 |
|  Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,670.00 | 14 | 2585604 | 3395 |
|  Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,675.00 | 17 | 3139662 | 4122 |
|  Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,680.00 | 16 | 2954976 | 480 |
|  Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,685.00 | 18 | 3324348 | 4410 |
|  Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,690.00 | 16 | 2954976 | 600 |
|  Russell 2000 Index, November 2022 Settlement, Expires 11/04/2022 Strike Price $1,695.00 | 50 | 9234300 | 12250 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.00 | 12 | 1147200 | 4260 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.15 | 5 | 478000 | 2114 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.25 | 3 | 286800 | 1478 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.35 | 7 | 669200 | 3694 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.40 | 72 | 6883200 | 39960 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.45 | 29 | 2772400 | 16965 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.50 | 25 | 2390000 | 15500 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.55 | 17 | 1625200 | 11135 |
|  Silver Future, December 2022 Settlement, Expires 11/22/2022 Strike Price $17.60 | 13 | 1242800 | 9035 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,270.00 | 9 | 638775 | 394 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,280.00 | 10 | 709750 | 563 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,290.00 | 113 | 8020175 | 7769 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,300.00 | 153 | 10859175 | 12431 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,310.00 | 152 | 10788200 | 15200 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,320.00 | 181 | 12846475 | 22625 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,330.00 | 194 | 13769150 | 30312 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,340.00 | 223 | 15827425 | 45994 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,350.00 | 93 | 6600675 | 24994 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,360.00 | 50 | 3548750 | 17188 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,370.00 | 50 | 3548750 | 22188 |
|  Soybean Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $1,380.00 | 50 | 3548750 | 28437 |
|  Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $365.00 | 23 | 984630 | 690 |
|  Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $370.00 | 11 | 470910 | 385 |
|  Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $375.00 | 61 | 2611410 | 2745 |
|  Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $380.00 | 14 | 599340 | 770 |
|  Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $385.00 | 50 | 2140500 | 3750 |
|  Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $390.00 | 104 | 4452240 | 10400 |
|  Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $395.00 | 124 | 5308440 | 16740 |
|  Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $400.00 | 213 | 9118530 | 40470 |
|  Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $405.00 | 192 | 8219520 | 50880 |
|  Soybean Meal Future, December 2022 Settlement, Expires 11/25/2022 Strike Price $410.00 | 181 | 7748610 | 66970 |
|  Soybean Meal Future, January 2023 Settlement, Expires 12/23/2022 Strike Price $385.00 | 20 | 838200 | 5600 |
|  Soybean Meal Future, January 2023 Settlement, Expires 12/23/2022 Strike Price $390.00 | 29 | 1215390 | 10585 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $17.00 | 75 | 1509480 | 4200 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $17.25 | 100 | 2012640 | 8960 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $17.50 | 50 | 1006320 | 7840 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $17.75 | 198 | 3985027 | 48787 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $18.00 | 308 | 6198931 | 113837 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $18.25 | 407 | 8191445 | 218803 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $18.50 | 505 | 10163832 | 373296 |
|  Sugar Future, December 2022 Settlement, Expires 11/15/2022 Strike Price $18.75 | 450 | 9056880 | 433440 |
|  **TOTAL PUT OPTIONS** (Premiums Received $10,211,334) |  |  | **10336391** |
|  **TOTAL WRITTEN OPTIONS** (Premiums Received $20,365,763) |  |  | $**17994600** |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**129** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

**Open Futures Contracts** 

---

| | | | |
|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>VALUE** | **VALUE/<br>UNREALIZED<br>APPRECIATION<br>(DEPRECIATION)** |
| **FUTURES CONTRACTS SOLD** | | | |
|  Brent Crude, April 2023 Settlement | 20 | $1762600 | $(3322) |
|  Coffee 'C', December 2022 Settlement | 215 | 14327062 | 195344 |
|  Coffee 'C', March 2023 Settlement | 82 | 5352038 | 977775 |
|  Copper, December 2022 Settlement | 10 | 843750 | 13364 |
|  Corn, December 2022 Settlement | 285 | 9853875 | (316427) |
|  Corn, March 2023 Settlement | 52 | 1811550 | 8324 |
|  Cotton No.2, December 2022 Settlement | 410 | 14760000 | 308898 |
|  DAX Index, December 2022 Settlement | 19 | 6238104 | (359238) |
|  E-Mini Russell 2000 Index, December 2022 Settlement | 5 | 463250 | (34985) |
|  Euro, December 2022 Settlement | 137 | 4898418 | (121278) |
|  FTSE China A50 Index, November 2022 Settlement | 870 | 9710070 | 550505 |
|  FTSE Top 100 Index, December 2022 Settlement | 151 | 12307853 | (34254) |
|  Gold 100 Oz, April 2023 Settlement | 4 | 667800 | 13031 |
|  Japanese Yen, December 2022 Settlement | 250 | 21143750 | (64741) |
|  KC HRW Wheat, March 2023 Settlement | 88 | 4286700 | (497762) |
|  Kospi2 Index, December 2022 Settlement | 51 | 2691513 | (100514) |
|  Live Cattle, April 2023 Settlement | 34 | 2163420 | (53355) |
|  Low Su Gasoil, April 2023 Settlement | 9 | 810900 | 20011 |
|  NASDAQ 100 E-Mini Index, December 2022 Settlement | 15 | 3434175 | (55186) |
|  Natural Gas, April 2023 Settlement | 46 | 2204780 | 115556 |
|  NY Harbor ULSD, April 2023 Settlement | 13 | 1717552 | 18337 |
|  OMXS30 Index, November 2022 Settlement | 619 | 11005117 | (137945) |
|  S&P500 Emini, December 2022 Settlement | 33 | 6406950 | (156540) |
|  S&P/TSX 60 Index, December 2022 Settlement | 28 | 4840577 | (200711) |
|  SGX Nifty 50 Index, November 2022 Settlement | 130 | 4695730 | (59997) |
|  Soybean, January 2023 Settlement | 65 | 4613375 | (47866) |
|  Soybean Meal, December 2022 Settlement | 209 | 8947290 | (457688) |
|  Soybean Meal, January 2023 Settlement | 13 | 544830 | (17587) |
|  Soybean Oil, March 2023 Settlement | 49 | 2003022 | (155406) |
|  Sugar #11, March 2023 Settlement | 1240 | 24956736 | 387255 |
|  Swiss Market Index, December 2022 Settlement | 57 | 6158516 | (59660) |
|  Wheat Future, March 2023 Settlement | 94 | 4226475 | (117332) |
|  WTI Crude, April 2023 Settlement | 22 | 1799160 | 20620 |
|  **TOTAL FUTURES CONTRACTS SOLD** |  | $**201646938** | $**(422774)** |
| **FUTURES CONTRACTS PURCHASED** |  |  |  |
|  Amsterdam Index, November 2022 Settlement | 35 | $4627213 | $174064 |
|  Australian Dollar, December 2022 Settlement | 80 | 5120800 | (86073) |
|  British Pound, December 2022 Settlement | 850 | 61019375 | (116529) |
|  Canadian Dollar, December 2022 Settlement | 115 | 8441575 | (46183) |
|  CAC 40 Index, November 2022 Settlement | 79 | 4893926 | 131471 |
|  CBOE VIX, November 2022 Settlement | 100 | 2587530 | (433950) |
|  Cocoa, December 2022 Settlement | 275 | 6421250 | (134007) |
|  Cocoa, March 2023 Settlement | 48 | 1124640 | 20983 |
|  Copper, March 2023 Settlement | 6 | 503625 | (34843) |
|  Cotton No.2, March 2023 Settlement | 101 | 3617820 | (1312917) |
|  Euro, December 2022 Settlement | 19 | 2356831 | (30953) |
|  FTSE Taiwan Index, November 2022 Settlement | 193 | 8833610 | 172800 |
|  FTSE/JSE Top 40 Index, December 2022 Settlement | 42 | 1382527 | 51141 |
|  FTSE/MIB Index, December 2022 Settlement | 13 | 1448077 | 16553 |
|  Gasoline RBOB, April 2023 Settlement | 49 | 5379406 | 53334 |
|  Gold 100 Oz, December 2022 Settlement | 20 | 3281400 | (193206) |
|  Hang Seng Index, November 2022 Settlement | 87 | 8111311 | (268065) |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**130** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | |
|:---|:---|:---|:---|
| **DESCRIPTION** | **NUMBER OF<br>CONTRACTS** | **NOTIONAL<br>VALUE** | **VALUE/<br>UNREALIZED<br>APPRECIATION<br>(DEPRECIATION)** |
| **FUTURES CONTRACTS PURCHASED (continued)** | | | |
|  IBEX 35 Index, November 2022 Settlement | 126 | $9899297 | $400895 |
|  Lean Hogs, December 2022 Settlement | 75 | 2547750 | (68152) |
|  Lean Hogs, April 2023 Settlement | 115 | 4305600 | 396388 |
|  Live Cattle, December 2022 Settlement | 240 | 14637600 | 45593 |
|  Natural Gas, December 2022 Settlement | 145 | 9214750 | 230291 |
|  Natural Gas, January 2023 Settlement | 25 | 1651750 | 17513 |
|  Silver, March 2023 Settlement | 19 | 1833120 | (29644) |
|  Soybean, March 2023 Settlement | 26 | 1855750 | 3595 |
|  Soybean Meal, March 2023 Settlement | 46 | 1882780 | 28350 |
|  Soybean Oil, December 2022 Settlement | 140 | 6149640 | 89693 |
|  SPI 200 Index, December 2022 Settlement | 85 | 9319090 | 220880 |
|  Sugar #11, May 2023 Settlement | 182 | 3442858 | (168780) |
|  Wheat Future, December 2022 Settlement | 225 | 9925313 | 121277 |
|  Yen Denom Nikkei, December 2022 Settlement | 19 | 1760147 | 73177 |
|  **TOTAL FUTURES CONTRACTS PURCHASED** |  | $**207576361** | $**(675304)** |

---

**Open Forward Currency Contracts** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **COUNTERPARTY** | **FORWARD<br>SETTLEMENT<br>DATE** | **CURRENCY TO<br>BE RECEIVED** | **AMOUNT OF<br>CURRENCY TO BE<br>RECEIVED IN<br>LOCAL<br>CURRENCY** | **CURRENCY TO<br>BE DELIVERED** | **AMOUNT OF<br>CURRENCY TO BE<br>DELIVERED IN<br>LOCAL<br>CURRENCY** | **UNREALIZED<br>APPRECIATION<br>(DEPRECIATION)** |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | Brazilian Real | 3192348 | United States Dollar | 600246 | $9470 |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | British Pound | 17231716 | United States Dollar | 19441653 | 368629 |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | Chilean Peso | 584423515 | United States Dollar | 600246 | 12662 |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | Colombian Peso | 66047089675 | United States Dollar | 14285332 | (1056051) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | Euro | 17593262 | United States Dollar | 17367945 | 120648 |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | Hungarian Forint | 6297207197 | United States Dollar | 14285332 | 622457 |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | Indian Rupee | 1128143750 | United States Dollar | 13685086 | (161667) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | Indonesian Rupiah | 108621096757 | United States Dollar | 7067131 | (140376) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | Japanese Yen | 2468458594 | United States Dollar | 17246371 | (493229) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | United States Dollar | 21773735 | Australian Dollar | 33507668 | 291156 |
|  Barclays Bank UK PLC | 4/3/2023 | United States Dollar | 102484001 | Brazilian Real | 553540000 | (1546332) |
|  Morgan Stanley Capital Services LLC | 1/4/2023 | United States Dollar | 4008683 | Canadian Dollar | 5475232 | (13940) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | United States Dollar | 14285332 | Czech Koruna | 360845915 | (225396) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | United States Dollar | 17185582 | Israeli New Shekel | 60984258 | (177859) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | United States Dollar | 13084840 | Mexican Peso | 266208688 | (190216) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | United States Dollar | 7544071 | New Taiwan Dollar | 239682680 | 108454 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**131** 

------

<u>Consolidated Schedule of Investments</u>   <u>as of October 31, 2022</u>

**STONE RIDGE DIVERSIFIED ALTERNATIVES FUND**

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **COUNTERPARTY** | **FORWARD<br>SETTLEMENT<br>DATE** | **CURRENCY TO<br>BE RECEIVED** | **AMOUNT OF<br>CURRENCY TO BE<br>RECEIVED IN<br>LOCAL<br>CURRENCY** | **CURRENCY TO<br>BE DELIVERED** | **AMOUNT OF<br>CURRENCY TO BE<br>DELIVERED IN<br>LOCAL<br>CURRENCY** | **UNREALIZED<br>APPRECIATION<br>(DEPRECIATION)** |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | United States Dollar | 2514490 | New Zealand Dollar | 4404308 | $(48837) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | United States Dollar | 20914399 | Norwegian Krone | 224659933 | (747839) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | United States Dollar | 3191987 | Peruvian Sol | 12807848 | (2499) |
|  Morgan Stanley Capital Services LLC | 1/4/2023 | United States Dollar | 5293360 | Philippine Peso | 315066081 | (106560) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | United States Dollar | 6893049 | Singapore Dollar | 9858577 | (74414) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | United States Dollar | 19046779 | South Korean Won | 27320109347 | (131858) |
|  Morgan Stanley Capital Services LLC | 1/5/2023 | United States Dollar | 19247191 | Swiss Franc | 18870743 | 240880 |
|  |  |  |  |  |  | $**(3342717)** |

---

**Total Return Swap Contracts** 

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| **COUNTERPARTY** | **PROTECTION** | **PAY<br>FIXED<br>RATES** | **TERMINATION<br>DATE** | **PAYMENT<br>FREQUENCY** | **NOTIONAL<br>VALUE (R$)** | **VALUE** | **UPFRONT<br>PREMIUM<br>RECEIVED** | **UNREALIZED<br>APPRECIATION** |
|  Barclays Capital Inc<br> BRSTNCLTN7X1<sup>(a)</sup> | Buy | (5.314)% | Apr 03 2023 | At Maturity | 281040000 | $1305172 | $— | $1305171 |
|  Barclays Capital Inc<br> BRSTNCLTN7X1<sup>(a)</sup> | Buy | (5.360)% | Apr 03 2023 | At Maturity | 272500000 |  |  |  |
|  **TOTAL RETURN SWAP CONTRACTS** | **TOTAL RETURN SWAP CONTRACTS** | **TOTAL RETURN SWAP CONTRACTS** | **TOTAL RETURN SWAP CONTRACTS** |  |  |  |  | $**1305171** |

---

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**132** 

------

<u>Statement of Assets and Liabilities</u>   <u>As of October 31, 2022</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE<br>HIGH YIELD<br>REINSURANCE<br>RISK PREMIUM<br>FUND** |
| **ASSETS:** |  |
|  Investments, at fair value<sup>(1)</sup> | $1568018656 |
|  Interest receivable | 12078357 |
|  Receivable for fund shares sold | 2633491 |
|  Foreign currencies at custodian, at fair value<sup>(2)</sup> | 58405 |
|  Receivable for investment securities sold | 2105 |
|  Other assets | 66162 |
| **Total assets** | **1582857176** |
| **LIABILITIES:** |  |
|  Reverse repurchase agreements | 15000000 |
|  Payable for fund shares redeemed | 920818 |
|  Loans payable | 17000000 |
|  Payable to Adviser | 1704545 |
|  Payable for Chief Compliance Officer compensation | 4996 |
|  Payable to Trustees | 56479 |
|  Payable to Custodian | 31758 |
|  Accrued distribution fees | 15796 |
|  Accrued interest expense | 109983 |
|  Other accrued expenses | 655420 |
| **Total liabilities** | **35499795** |
| **Total net assets** | $**1547357381** |
| **NET ASSETS CONSIST OF:** |  |
|  Capital stock | $1859428942 |
|  Total distributable losses | (312071561) |
| **Total net assets** | $**1547357381** |
| **Class I** |  |
|  Net assets | $1420941079 |
|  Shares outstanding | 175664118 |
|  Class I Net asset value, offering and redemption price per share | $8.09 |
| **Class M** |  |
|  Net assets | $126416302 |
|  Shares outstanding | 15622799 |
|  Class M Net asset value, offering and redemption price per share | $8.09 |
| (1) Cost of Investments | $1794099331 |
| (2) Cost of Foreign currencies | 61161 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**133** 

------

<u>Statement of Assets and Liabilities</u>   <u>As of October 31, 2022</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE<br>U.S. HEDGED**<br> **EQUITY**<br> **FUND** |
| **ASSETS:** |  |
|  Investments, at fair value<sup>(1)</sup> | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30067519 |
|  Due from Adviser | 29215 |
|  Receivable for fund shares sold | 29216 |
|  Receivable for investment securities sold | 143883 |
|  Interest receivable | 437 |
|  Other assets | 15815 |
| **Total assets** | **30286085** |
| **LIABILITIES:** |  |
|  Written options, at fair value<sup>(2)</sup> | 416600 |
|  Payable for investment securities purchased | 139039 |
|  Accrued audit and tax fees | 61794 |
|  Payable for fund shares redeemed | 52228 |
|  Payable for Chief Compliance Officer compensation | 4996 |
|  Payable to Custodian | 875 |
|  Payable to Trustees | 636 |
|  Accrued distribution fees | 328 |
|  Other accrued expenses | 25404 |
| **Total liabilities** | **701900** |
| **Total net assets** | $**29584185** |
| **NET ASSETS CONSIST OF:** |  |
|  Capital stock | $33170277 |
|  Total distributable losses | (3586092) |
| **Total net assets** | $**29584185** |
| **Class I** |  |
|  Net assets | $26937685 |
|  Shares outstanding | 2416060 |
|  Class I Net asset value, offering and redemption price per share | $11.15 |
| **Class M** |  |
|  Net assets | $2646500 |
|  Shares outstanding | 240589 |
|  Class M Net asset value, offering and redemption price per share | $11.00 |
| (1) Cost of Investments | $30350635 |
| (2) Premiums received | 423195 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**134** 

------

<u>Consolidated Statement of Assets and Liabilities</u>   <u>As of October 31, 2022</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE**<br> **DIVERSIFIED**<br> **ALTERNATIVES**<br> **FUND** |
| **ASSETS:** |  |
| Investments, at fair value<sup>(1)</sup>: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated issuers | $&nbsp;&nbsp;&nbsp;&nbsp;257090393 |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated issuers | 198153111 |
|  Unrealized appreciation on forward currency contracts | 1774356 |
|  Unrealized appreciation on swap contracts | 1305171 |
|  Collateral held at broker | 9678462 |
|  Foreign currencies at broker, at value<sup>(2)</sup> | 578010 |
|  Receivable for investment securities sold | 5796947 |
|  Receivable for fund shares sold | 289481 |
|  Interest receivable | 782774 |
|  Other assets | 569183 |
| **Total assets** | **476017888** |
| **LIABILITIES:** |  |
|  Written options, at fair value<sup>(3)</sup> | 17994600 |
|  Unrealized depreciation on forward currency contracts | 5117073 |
|  Accrued interest expense | 18000 |
|  Payable for fund shares redeemed | 295133 |
|  Payable to Adviser | 227819 |
|  Payable to Trustees | 14992 |
|  Payable for Chief Compliance Officer compensation | 4927 |
|  Other accrued expenses | 752177 |
| **Total liabilities** | **24424721** |
| **Total net assets** | $**451593167** |
| **NET ASSETS CONSIST OF:** |  |
|  Capital stock | $539512685 |
|  Total distributable losses | (87919518) |
| **Total net assets** | $**451593167** |
| **Class I** |  |
|  Net assets | $420024188 |
|  Shares outstanding | 41548599 |
|  Class I Net asset value, offering and redemption price per share | $10.11 |
| **Class J** |  |
|  Net assets | $31568979 |
|  Shares outstanding | 3141292 |
|  Class J Net asset value, offering and redemption price per share | $10.05 |
| (1) Cost of Investments |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated issuers | $262953481 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated issuers (See note 9) | 218424974 |
| (2) Cost of foreign currencies | 581733 |
| (3) Premiums received | 20365763 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**135** 

------

<u>Statement of Operations</u>   <u>For the Year Ended October 31, 2022</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE**<br> **HIGH YIELD**<br> **REINSURANCE**<br> **RISK PREMIUM**<br> **FUND** |
| **INVESTMENT INCOME:** |  |
|  Interest income | $104228554 |
|  Dividend income | 1988165 |
| **Total investment income** | **106216719** |
| **EXPENSES** |  |
|  Advisory fees (See Note 4) | 23757784 |
|  Fund accounting and administration fees | 1292311 |
|  Interest expense | 755354 |
|  Transfer agency fees and expenses | 600162 |
|  Legal fees | 244739 |
|  Trustees fees and expenses | 215701 |
|  Audit and tax related fees | 206024 |
|  Distribution (12b-1) fees — Class M Only | 125317 |
|  Custody fees | 106578 |
|  Federal and state registration fees | 96990 |
|  Chief Compliance Officer compensation | 60140 |
|  Other expenses | 189110 |
| **Total expenses before Adviser waiver** | **27650210** |
|  Expenses waived by Adviser (See Note 4) | (343464) |
| **Total net expenses** | **27306746** |
| **Net investment income** | **78909973** |
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |
| Net realized gain (loss) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | (1640624) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency | 47771 |
| Net change in unrealized appreciation (depreciation) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | (185864386) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency | 282 |
| **Net realized and unrealized loss** | **(187456957)** |
| **Net decrease in net assets resulting from operations** | $**(108546984)** |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**136** 

------

<u>Statement of Operations</u>   <u>For the Year Ended October 31, 2022</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE**<br> **U.S. HEDGED**<br> **EQUITY**<br> **FUND** |
| **INVESTMENT INCOME:** |  |
|  Interest income | $259036 |
| **Total investment income** | **259036** |
| **EXPENSES** |  |
|  Advisory fees (See Note 4) | 173447 |
|  Fund accounting and administration fees | 89767 |
|  Audit and tax related fees | 83464 |
|  Chief Compliance Officer compensation | 60140 |
|  Transfer agency fees and expenses | 41518 |
|  Registration expense | 40886 |
|  Trustees fees and expenses | 4076 |
|  Distribution (12b-1) fees — Class M Only | 2686 |
|  Custody fees | 2749 |
|  Other expenses | 54506 |
| **Total expenses before Adviser waiver** | **553239** |
|  Expenses waived by Adviser (See Note 4) | (375766) |
| **Total net expenses** | **177473** |
| **Net investment income** | **81563** |
| **NET REALIZED AND UNREALIZED LOSS:** |  |
| Net realized loss on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments: | (58284) |
| &nbsp;&nbsp;&nbsp;&nbsp; Written options | (3232793) |
| Net change in unrealized depreciation on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | (280168) |
| &nbsp;&nbsp;&nbsp;&nbsp; Written options | (93503) |
| **Net realized and unrealized loss** | **(3664748)** |
| **Net decrease in net assets resulting from operations** | $**(3583185)** |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**137** 

------

<u>Consolidated Statement of Operations</u>   <u>For the Year Ended October 31, 2022</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE**<br> **DIVERSIFIED**<br> **ALTERNATIVES**<br> **FUND** |
| **INVESTMENT INCOME:** |  |
| Interest income | $7806102 |
| Dividend income |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Affiliated issuers | 6839156 |
| **Total investment income** | **14645258** |
| **EXPENSES** |  |
|  Advisory fees (See Note 4) | 3087428 |
|  Fund accounting and administration fees | 728757 |
|  Compliance fees | 686127 |
|  Investment expense | 357502 |
|  Audit and tax related fees | 228552 |
|  Transfer agency fees and expenses | 164123 |
|  Legal fees | 104340 |
|  Interest expense | 98016 |
|  Custody fees | 73762 |
|  Federal and state registration fees | 61993 |
|  Chief Compliance Officer compensation | 58483 |
|  Trustees fees and expenses | 34990 |
|  Other expenses | 509758 |
| **Total expenses before Adviser waiver** | **6193831** |
|  Expenses waived by Adviser (See Note 4) | (1046965) |
| **Total net expenses** | **5146866** |
| **Net investment income** | **9498392** |
| **NET REALIZED AND UNREALIZED GAIN (LOSS):** |  |
| Net realized gain (loss) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated issuers | (15093239) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated issuers | (1368117) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies | (392250) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (3383022) |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures contracts | (89871537) |
| &nbsp;&nbsp;&nbsp;&nbsp; Written options | 116601555 |
| Net change in unrealized appreciation (depreciation) on: |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated issuers | (6192642) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated issuers | (19080795) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies | (24586) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (2898214) |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures contracts | 450272 |
| &nbsp;&nbsp;&nbsp;&nbsp; Written options | (19554) |
| &nbsp;&nbsp;&nbsp;&nbsp; Swap Contracts | 1305171 |
| **Net realized and unrealized loss** | **(19966958)** |
| **Net decrease in net assets resulting from operations** | $**(10468566)** |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**138** 

------

<u>Statement of Changes in Net Assets</u>    

---

| | | |
|:---|:---|:---|
|  | **STONE RIDGE<br>HIGH YIELD REINSURANCE**<br> **RISK PREMIUM FUND** | **STONE RIDGE<br>HIGH YIELD REINSURANCE**<br> **RISK PREMIUM FUND** |
|  | **YEAR**<br> **ENDED**<br> **OCTOBER 31, 2022** | **YEAR**<br> **ENDED<br>OCTOBER 31, 2021** |
| **OPERATIONS:** |  |  |
|  Net investment income | $78909973 | $60003366 |
| Net realized gain (loss) on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | (1640624) | (14468316) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency | 47771 | 2288 |
| Net change in unrealized appreciation (depreciation) on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | (185864386) | (20235094) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currency | 282 | (2685) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets resulting from operations** | **(108546984)** | **25299559** |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |
|  Net dividends and distributions — Class I | (58381239) | (53948580) |
|  Net dividends and distributions — Class M | (5757653) | (6542221) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total distributions** | **(64138892)** | **(60490801)** |
| **CAPITAL SHARE TRANSACTIONS:** |  |  |
|  Proceeds from shares sold — Class I | 707338784 | 696869967 |
|  Proceeds from shares sold — Class M | 41909155 | 69051839 |
|  Proceeds from shares issued to holders in reinvestment of dividends — Class I | 33798186 | 31267778 |
|  Proceeds from shares issued to holders in reinvestment of dividends — Class M | 5135495 | 5335425 |
|  Cost of shares redeemed — Class I | (431211750) | (313687760) |
|  Cost of shares redeemed — Class M | (54302547) | (35288589) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net increase in net assets from capital share transactions** | **302667323** | **453548660** |
| **Total increase in net assets** | **129981447** | **418357418** |
| **NET ASSETS:** |  |  |
|  Beginning of year | 1417375934 | 999018516 |
|  End of year | $1547357381 | $1417375934 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**139** 

------

<u>Statement of Changes in Net Assets</u>    

---

| | | |
|:---|:---|:---|
|  | **STONE RIDGE U.S. HEDGED EQUITY FUND** | **STONE RIDGE U.S. HEDGED EQUITY FUND** |
|  | **YEAR**<br> **ENDED<br>OCTOBER 31, 2022** | **YEAR**<br> **ENDED<br>OCTOBER 31, 2021** |
| **OPERATIONS:** |  |  |
|  Net investment income (loss) | $81563 | $(183564) |
| Net realized gain (loss) on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | (58284) | (61076) |
| &nbsp;&nbsp;&nbsp;&nbsp; Written options | (3232793) | 10914808 |
| Net change in unrealized depreciation on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments | (280168) | (23708) |
| &nbsp;&nbsp;&nbsp;&nbsp; Written options | (93503) | (80822) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets resulting from operations** | **(3583185)** | **10565638** |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |
|  Net dividends and distributions — Class I | (1877405) | (766886) |
|  Net dividends and distributions — Class M | (152629) | (49359) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total distributions** | **(2030034)** | **(816245)** |
| **CAPITAL SHARE TRANSACTIONS:** |  |  |
|  Proceeds from shares sold — Class I | 2179972 | 8282595 |
|  Proceeds from shares sold — Class M | 1237366 | 44616 |
|  Proceeds from shares issued to holders in reinvestment of dividends — Class I | 1207784 | 597901 |
|  Proceeds from shares issued to holders in reinvestment of dividends — Class M | 142527 | 47719 |
|  Cost of shares redeemed — Class I | (11795155) | (31777600) |
|  Cost of shares redeemed — Class M | (1260449) | (310386) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net decrease in net assets from capital share transactions** | **(8287955)** | **(23115155)** |
| **Total decrease in net assets** | **(13901174)** | **(13365762)** |
| **NET ASSETS:** |  |  |
|  Beginning of year | 43485359 | 56851121 |
| **End of year** | $**29584185** | $**43485359** |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**140** 

------

<u>Consolidated Statement of Changes in Net Assets</u>    

---

| | | |
|:---|:---|:---|
|  | **STONE RIDGE DIVERSIFIED<br>ALTERNATIVES FUND** | **STONE RIDGE DIVERSIFIED<br>ALTERNATIVES FUND** |
|  | **YEAR**<br> **ENDED<br>OCTOBER 31, 2022** | **YEAR**<br> **ENDED<br>OCTOBER 31, 2021** |
| **OPERATIONS:** |  |  |
|  Net investment income | $9498392 | $1760828 |
| Net realized gain (loss) on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated issuers | (15093239) | (1346660) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated issuers | (1368117) | 128714 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies | (392250) | (91962) |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (3383022) | 1136087 |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures contracts | (89871537) | (32203575) |
| &nbsp;&nbsp;&nbsp;&nbsp; Written options | 116601555 | 47463857 |
| Net change in unrealized appreciation (depreciation) on: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Investments |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Unaffiliated issuers | (6192642) | 452862 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Affiliated issuers | (19080795) | (1683006) |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies | (24586) | 18152 |
| &nbsp;&nbsp;&nbsp;&nbsp; Forward currency contracts | (2898214) | (401608) |
| &nbsp;&nbsp;&nbsp;&nbsp; Futures contracts | 450272 | (3970401) |
| &nbsp;&nbsp;&nbsp;&nbsp; Written options | (19554) | 3221743 |
| &nbsp;&nbsp;&nbsp;&nbsp; Swap contracts | 1305171 |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets resulting from operations** | **(10468566)** | **14485031** |
| **DISTRIBUTIONS TO SHAREHOLDERS:** |  |  |
|  Net dividends and distributions — Class I | (17304688) | (825586) |
|  Net dividends and distributions — Class J | (1004997) | (299) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total distributions** | **(18309685)** | **(825885)** |
| **CAPITAL SHARE TRANSACTIONS:** |  |  |
|  Proceeds from shares sold — Class I | 318463934 | 125150782 |
|  Proceeds from shares sold — Class J | 24097722 | 12831477 |
|  Proceeds from shares issued in connection with acquisition — Class I<sup>(1)</sup> |  | 75727187 |
|  Proceeds from shares issued to holders in reinvestment of dividends — Class I | 15065424 | 786553 |
|  Proceeds from shares issued to holders in reinvestment of dividends — Class J | 971555 | 299 |
|  Cost of shares redeemed — Class I | (88088949) | (33758935) |
|  Cost of shares redeemed — Class J | (4687421) | (113394) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net increase in net assets from capital share transactions** | **265822265** | **180623969** |
| **Total increase in net assets** | **237044014** | **194283115** |
| **NET ASSETS:** |  |  |
|  Beginning of year | 214549153 | 20266038 |
| **End of year** | $**451593167** | $**214549153** |

---

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**141** 

------

<u>Statement of Cash Flows</u>   <u>Year Ended October 31, 2022</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE HIGH YIELD<br>REINSURANCE RISK PREMIUM FUND** |
| **CASH FLOWS FROM OPERATING ACTIVITIES** |  |
|  Net decrease in net assets resulting from operations | $(108546984) |
| Adjustments to reconcile net decrease in net assets resulting from operations to net cash used in operating activities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized and unrealized loss on investments: | 187505010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization and accretion of premium and discount | (912997) |
| Changes in assets and liabilities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies at broker | 53209 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest receivable | (3839534) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | (3237) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable to Custodian | 11200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable to Trustees | 14477 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for Chief Compliance Officer compensation | 140 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued interest expense | 70943 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued distribution fees | (3105) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other accrued expenses | 144123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable to Adviser | 136211 |
|  Purchases of investments | (739018889) |
|  Proceeds from sale of investments | 400536773 |
|  Proceeds from cost adjustments | 21764941 |
|  Net purchases and sales of short-term investments | (2042606) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash used in operating activities** | **(244130325)** |
| **CASH FLOWS FROM FINANCING ACTIVITIES:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from shares issued | 751066581 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment on shares redeemed | (484981045) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash distributions to shareholders | (25205211) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from reverse repurchase agreements | 171041751 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payments on reverse repurchase agreements | (161041751) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan withdrawals | 176372920 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Loan paydowns | (183122920) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash provided by financing activities** | **244130325** |
|  Net increase in cash and restricted cash |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and restricted cash, beginning of year |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash and restricted cash, end of year** | $**—** |
| **Supplemental Disclosures of Cash Flow and Non-Cash Information:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reinvested distributions | $38933681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash paid for interest on loans outstanding and reverse repurchase agreements | $(687105) |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**142** 

------

<u>Consolidated Statement of Cash Flows</u>   <u>Year Ended October 31, 2022</u>

---

| | |
|:---|:---|
|  | **STONE RIDGE DIVERSIFIED<br>ALTERNATIVES FUND** |
| **CASH FLOWS FROM OPERATING ACTIVITIES** |  |
|  Net decrease in net assets resulting from operations | $(10468566) |
| Adjustments to reconcile net decrease in net assets resulting from operations to net cash used in operating activities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Net realized and unrealized loss on investments: | 20000394 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Amortization and accretion of premium and discount | (2311478) |
| Changes in assets and liabilities: |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies at broker | 967113 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Foreign currencies at custodian | 8445 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Collateral held at broker | (4153524) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest receivable | (767525) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other assets | (159130) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable to Custodian | (5337) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable to Trustees | 11991 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable for Chief Compliance Officer compensation | (1517) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Accrued interest expense | 18000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other accrued expenses | 301765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payable to Adviser | 177887 |
|  Purchases of investments | (247123991) |
|  Proceeds from sale of investments | 56041856 |
|  Proceeds from cost adjustments | 3065827 |
|  Net purchases and sales of short-term investments | (63536617) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash used in operating activities** | **(247934407)** |
| **CASH FLOWS FROM FINANCING ACTIVITIES:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Proceeds from shares issued | 342720323 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payment on shares redeemed | (92513210) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash distributions to shareholders | (2272706) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Net cash provided by financing activities** | **247934407** |
|  Net decrease in cash and restricted cash |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash and restricted cash, beginning of year |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Cash and restricted cash, end of year** | $**—** |
| **Supplemental Disclosures of Cash Flow and Non-Cash Information:** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Reinvested distributions | $16036979 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash paid for interest on loans outstanding | $(84900) |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**143** 

------

<u>Financial Highlights</u>   <u>October 31, 2022</u>

---

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

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(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).

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**144** 

------

<u>Financial Highlights</u>   <u>October 31, 2022</u>

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** |
| **Distributions to Shareholders** | **Distributions to Shareholders** | **Distributions to Shareholders** | | | | | | | | |
| **Net<br>Investment<br>Income** | **Net<br>Realized<br>Gains** | **Total<br>Distributions** | **Net<br>Asset<br>Value,<br>End of<br>Period** | **Total<br>Return<sup>(2)</sup>** |<br>**Net**<br> **Assets,**<br> **End of<br>Period<br>(000's)** |<br>**Ratio of<br>Expenses to<br>Average**<br> **Net Assets<br>(Before Expense**<br> **Reimbursement/**<br> **Recoupment)<sup>(3)</sup>** |<br>**Ratio of<br>Expenses to<br>Average<br>Net Assets<br>(After Expense<br>Reimbursement/**<br> **Recoupment)<sup>(3)</sup>** |<br>**Ratio of Net<br>Investment Income<br>to Average<br>Net Assets**<br> **(Before Expense<br>Reimbursement/**<br> **Recoupment)<sup>(3)</sup>** |<br>**Ratio of Net<br>Investment Income<br>to Average**<br> **Net Assets**<br> **(After Expense<br>Reimbursement/**<br> **Recoupment)<sup>(3)</sup>** |<br>**Portfolio<br>Turnover Rate** |
| (0.37) |  | (0.37) | $8.09 | (6.40)% | $1420941 | 1.74% | 1.72% | 4.97% | 4.99% | 25.70% |
| (0.47) |  | (0.47) | $9.01 | 2.16% | $1269044 | 1.73% | 1.69% | 4.73% | 4.77% | 28.45% |
| (0.53) |  | (0.53) | $9.28 | 5.73% | $886011 | 1.73% | 1.68% | 4.87% | 4.92% | 50.26% |
| (0.49) |  | (0.49) | $9.30 | 2.87% | $800883 | 1.71% | 1.70% | 4.75% | 4.76% | 21.85% |
| (0.27) |  | (0.27) | $9.54 | 7.41% | $815827 | 1.73% | 1.68% | 4.87% | 4.92% | 27.71% |
| (0.36) |  | (0.36) | $8.09 | (6.49)% | $126416 | 1.82% | 1.80% | 4.83% | 4.85% | 25.70% |
| (0.45) |  | (0.45) | $9.01 | 1.90% | $148332 | 1.88% | 1.84% | 4.57% | 4.61% | 28.45% |
| (0.51) |  | (0.51) | $9.29 | 5.68% | $113008 | 1.87% | 1.82% | 4.72% | 4.77% | 50.26% |
| (0.47) |  | (0.47) | $9.30 | 2.78% | $116551 | 1.86% | 1.85% | 4.61% | 4.62% | 21.85% |
| (0.25) |  | (0.25) | $9.53 | 7.23% | $116356 | 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)

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**145** 

------

<u>Financial Highlights</u>   <u>October 31, 2022</u>

---

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

---

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

&nbsp;&nbsp;&nbsp;&nbsp;(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).

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

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<u>Financial Highlights</u>   <u>October 31, 2022</u>

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** |
| **Distributions to Shareholders** | **Distributions to Shareholders** | **Distributions to Shareholders** | **Distributions to Shareholders** | | | | | | | | |
| **Net<br>Investment<br>Income** | **Net<br>Realized<br>Gains** | **Return<br>of Capital** | **Total<br>Distributions** | **Net<br>Asset<br>Value,<br>End of<br>Period** | **Total<br>Return<sup>(2)</sup>** |<br>**Net<br>Assets,<br>End of<br>Period<br>(000's)** |<br>**Ratio of<br>Expenses to<br>Average<br>Net Assets**<br> **(Before Expense<br>Reimbursement/**<br> **Recoupment)<sup>(3)</sup>** |<br>**Ratio of<br>Expenses to<br>Average<br>Net Assets<br>(After Expense<br>Reimbursement/**<br> **Recoupment)<sup>(3)</sup>** |<br>**Ratio of Net<br>Investment Income<br>(Loss) to Average<br>Net Assets<br>(Before Expense<br>Reimbursement/**<br> **Recoupment)<sup>(3)</sup>** |<br>**Ratio of Net<br>Investment Income<br>(Loss) to Average<br>Net Assets**<br> **(After Expense<br>Reimbursement/**<br> **Recoupment)<sup>(3)</sup>** |<br>**Portfolio<br>Turnover Rate** |
|  | (0.64) |  | (0.64) | $11.15 | (9.83)% | $26938 | 1.59% | 0.50% | -0.84% | 0.24% | 0.00% |
| (0.19) |  |  | (0.19) | $13.01 | 25.00% | $40475 | 1.35% | 0.50% | -1.24% | -0.40% | 0.00% |
| (0.02) | (0.05) |  | (0.07) | $10.59 | 2.02% | $54205 | 1.13% | 0.48% | 0.52% | 1.17% | 0.00% |
| (0.08) | (0.01) |  | (0.09) | $10.45 | 7.40% | $147559 | 1.70% | 1.70% | 0.78% | 0.78% | 0.00% |
|  | (1.49) |  | (1.49) | $9.82 | (2.04)% | $192725 | 1.58% | 1.60% | (0.01%) | (0.03%) | 0.00% |
|  | (0.64) |  | (0.64) | $11.00 | (9.87)% | $2647 | 1.69% | 0.60% | -0.91% | 0.17% | 0.00% |
| (0.20) |  |  | (0.20) | $12.85 | 24.79% | $3010 | 1.51% | 0.65% | -1.41% | -0.55% | 0.00% |
| (0.02) | (0.05) |  | (0.07) | $10.48 | 1.90% | $2646 | 1.21% | 0.63% | 0.58% | 1.16% | 0.00% |
| (0.06) | (0.01) |  | (0.07) | $10.35 | 7.24% | $12903 | 1.87% | 1.86% | 0.63% | 0.64% | 0.00% |
|  | (1.49) |  | (1.49) | $9.72 | (2.16)% | $21534 | 1.73% | 1.75% | -0.19% | -0.21% | 0.00% |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**147** 

------

<u>Financial Highlights</u>   <u>October 31, 2022</u>

---

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

---

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

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

&nbsp;&nbsp;&nbsp;&nbsp;(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).

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(5) Not annualized.

&nbsp;&nbsp;&nbsp;&nbsp;(6) Annualized.

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

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<u>Financial Highlights</u>   <u>October 31, 2022</u>

---

| | | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
|  |  |  |  |  |  | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** | **SUPPLEMENT DATA AND RATIOS:** |
| **Distributions to Shareholders** | **Distributions to Shareholders** | **Distributions to Shareholders** | **Distributions to Shareholders** | | | | | | | | |
| **Net**<br> **Investment**<br> **Income** | **Net<br>Realized<br>Gains** | **Return<br>of Capital** | **Total<br>Distributions** | **Net**<br> **Asset<br>Value,<br>End of<br>Period** | **Total<br>Return<sup>(3)</sup>** | **Net<br>Assets,<br>End of<br>Period<br>(000's)** | **Ratio of<br>Expenses to<br>Average<br>Net Assets<br>(Before Expense<br>Reimbursement/**<br> **Recoupment)<sup>(7)</sup>** | **Ratio of<br>Expenses to<br>Average<br>Net Assets<br>(After Expense<br>Reimbursement/**<br> **Recoupment)<sup>(7)</sup>** | **Ratio of Net<br>Investment Income<br>(Loss) to Average<br>Net Assets<br>(Before Expense<br>Reimbursement/**<br> **Recoupment)<sup>(7)</sup>** |<br>**Ratio of Net<br>Investment Income<br>(Loss) to Average<br>Net Assets<br>(After Expense<br>Reimbursement/**<br> **Recoupment)<sup>(7)</sup>** |<br>**Portfolio<br>Turnover Rate** |
| (0.78) | (0.15) |  | (0.93) | $10.11 | (1.51)% | $420024 | 1.53% | 1.27% | 2.15% | 2.41% | 24.56% |
| (0.26) | (0.06) |  | (0.32) | $11.19 | 10.70% | $201434 | 2.13% | 1.15% | 0.30% | 1.28% | 33.34% |
|  |  |  |  | $10.42 | 4.20%<sup>(5)</sup> | $20261 | 3.57%<sup>(6)</sup> | 1.04%<sup>(6)</sup> | -0.80%<sup>(6)</sup> | 1.73%<sup>(6)</sup> | 28.54%<sup>(5)</sup> |
| (0.77) | (0.15) |  | (0.92) | $10.05 | (1.80)% | $31569 | 1.83% | 1.57% | 1.85% | 2.11% | 24.56% |
| (0.25) | (0.06) |  | (0.31) | $11.15 | 10.25% | $13115 | 2.35% | 1.46% | -0.19% | 0.70% | 33.34% |
|  |  |  |  | $10.42 | 4.20%<sup>(5)</sup> | $5 | 3.64%<sup>(6)</sup> | 1.14%<sup>(6)</sup> | -0.87%<sup>(6)</sup> | 1.63%<sup>(6)</sup> | 28.54%<sup>(5)</sup> |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**149** 

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<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

**1. Organization** 

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

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

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

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

**2. Summary of Significant Accounting Policies** 

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

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

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<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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

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

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

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

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

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

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

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

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

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<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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

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

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

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

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

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

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

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

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<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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

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

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

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
|  ***High Yield Reinsurance Fund*** |  |  |  |  |
|  **Assets** |  |  |  |  |
| Event-Linked Bonds |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Europe | $— | $4191677 | $— | $4191677 |
| &nbsp;&nbsp;&nbsp;&nbsp; Global |  | 206207744 | 3163650 | 209371394 |
| &nbsp;&nbsp;&nbsp;&nbsp; Jamaica |  | 15765600 |  | 15765600 |
| &nbsp;&nbsp;&nbsp;&nbsp; Japan |  | 64227061 |  | 64227061 |
| &nbsp;&nbsp;&nbsp;&nbsp; Mexico |  | 17451229 |  | 17451229 |
| &nbsp;&nbsp;&nbsp;&nbsp; United States<sup>(2)</sup> |  | 1002935750 | 13155197 | 1016090947 |
|  Total Event-Linked Bonds |  | 1310779061 | 16318847 | 1327097908 |
|  Quota Shares and Other Reinsurance-Related Securities |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Participation Notes<sup>(1)(2)</sup> |  |  | 84417927 | 84417927 |
| &nbsp;&nbsp;&nbsp;&nbsp; Preference Shares<sup>(1)</sup> |  |  | 154269560 | 154269560 |
|  Total Quota Shares and Other Reinsurance-Related Securities |  |  | 238687487 | 238687487 |
|  Money Market Funds | 2233261 |  |  | 2233261 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | $**2233261** | $**1310779061** | $**255006334** | $**1568018656** |
|  ***U.S. Hedged Equity Fund<sup>(3)</sup>*** |  |  |  |  |
|  **Assets** |  |  |  |  |
|  Purchased Options | $510 | $250 | $— | $760 |
|  Money Market Funds | 200230 |  |  | 200230 |
|  U.S. Treasury Bills |  | 29866529 |  | 29866529 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | $**200740** | $**29866779** | $**—** | $**30067519** |
|  **Liabilities** |  |  |  |  |
|  Written Options | $243740 | $172860 | $— | $416600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities** | $**243740** | $**172860** | $**—** | $**416600** |
|  ***Diversified Alternatives Fund*** |  |  |  |  |
|  **Assets** |  |  |  |  |
|  Asset-Backed Securities | $— | $— | $35736155 | $35736155 |
|  Investment Companies—Open End | 198153111 |  |  | 198153111 |
|  Purchased Options | 111450 |  |  | 111450 |

---

 Stone Ridge Funds Annual Report October 31, 2022 <br>

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<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

---

| | | | | |
|:---|:---|:---|:---|:---|
| **DESCRIPTION** | **LEVEL 1** | **LEVEL 2** | **LEVEL 3** | **TOTAL** |
|  Money Market Funds | 28210382 |  |  | 28210382 |
|  U.S. Treasury Bills |  | 142882727 |  | 142882727 |
| Whole Loans |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Consumer Loans<sup>(1)</sup> |  |  | 50050633 | 50050633 |
| &nbsp;&nbsp;&nbsp;&nbsp; Student Loans<sup>(1)</sup> |  |  | 99046 | 99046 |
|  Total Whole Loans |  |  | 50149679 | 50149679 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Assets** | $**226474943** | $**142882727** | $**85885834** | $**455243504** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Liabilities** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Written Options | $17658668 | $335932 | $— | $17994600 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total Liabilities** | $**17658668** | $**335932** | $**—** | $**17994600** |
| &nbsp;&nbsp;&nbsp;&nbsp; **Other Financial Instruments\*** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on forward currency contracts | $— | $1774356 | $— | $1774356 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on forward currency contracts |  | (5117073) |  | (5117073) |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on futures contracts | 4877018 |  |  | 4877018 |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized depreciation on futures contracts | (5975096) |  |  | (5975096) |
| &nbsp;&nbsp;&nbsp;&nbsp; Unrealized appreciation on swap contracts |  | 1305171 |  | 1305171 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total** | $**(1098078)** | $**(2037546)** | $**—** | $**(3135624)** |

---

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

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

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

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

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

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **HIGH YIELD REINSURANCE FUND** | **HIGH YIELD REINSURANCE FUND** | **HIGH YIELD REINSURANCE FUND** | **DIVERSIFIED ALTERNATIVES FUND** | **DIVERSIFIED ALTERNATIVES FUND** | **DIVERSIFIED ALTERNATIVES FUND** |
|  | **EVENT-**<br> **LINKED<br>BONDS** | **PARTICIPATION<br>NOTES** | **PREFERENCE<br>SHARES** | **ASSET-**<br> **BACKED<br>SECURITIES** | **WHOLE<br>LOAN-<br>CONSUMER<br>LOANS** | **WHOLE<br>LOAN-<br>STUDENT<br>LOANS** |
|  **Beginning Balance—November 1, 2021** | $6069513 | $83949955 | $125333720 | $12053281 | $— | $— |
| &nbsp;&nbsp;&nbsp;&nbsp; Acquisitions | 7000000 | 82395688 | 60082000 | 29612818 | 59511535 | 101912 |
| &nbsp;&nbsp;&nbsp;&nbsp; Dispositions | (5506798) | (74091231) |  |  | (7394625) | (2481) |
| &nbsp;&nbsp;&nbsp;&nbsp; Realized gain (loss) | (2682831) | 996182 |  |  | (25721) | 39 |
| &nbsp;&nbsp;&nbsp;&nbsp; Return of capital |  | (59030) | (21705912) | (3065827) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Change in unrealized appreciation (depreciation) | 1262636 | (8773637) | (9440248) | (2864117) | (2040556) | (424) |
| &nbsp;&nbsp;&nbsp;&nbsp; Net transfers in/(out) of Level 3 | 10176327 |  |  |  |  |  |
|  **Ending Balance—October 31, 2022** | $**16318847** | $**84417927** | $**154269560** | $**35736155** | $**50050633** | $**99046** |

---

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**154** 

------

<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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

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

**High Yield Reinsurance Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TYPE OF SECURITY** | **INDUSTRY** | **FAIR VALUE<br>AT 10/31/22** | **VALUATION<br>TECHNIQUES** | **UNOBSERVABLE**<br> **INPUTS** | **RANGE** | **WEIGHTED<br>AVERAGE<sup>(1)</sup>** |
|  Participation Notes | Financial Services | $56786175 | Insurance industry loss model | Estimated losses:<br> Estimated premium earned: | $0.0MM-$12.5MM<br> $0.3MM-$7.8MM | $9.5MM<br> $6.0MM |
|  Preference Shares | Financial Services | $139207152 | Insurance industry loss model | Estimated losses:<br> Estimated premium earned: | $0.1MM-$37.1MM<br> $0.0MM-$31.8MM | $11.5MM<br>$14.1MM |

---

(1) Weighed by relative fair value.

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

**Diversified Alternatives Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **TYPE OF SECURITY** | **INDUSTRY** | **FAIR VALUE<br>AT 10/31/2022** | **VALUATION<br>TECHNIQUES** | **UNOBSERVABLE**<br> **INPUTS** | **RANGE** | **WEIGHTED<br>AVERAGE** |
|  Asset-Backed Securities | Financial Services | $35736155 | Discounted Cash Flow | Constant Prepayment Rate<br> Constant Default Rate<br> Severity<br> Discount Rate | 0.00%-26.19%<br> 0.00%-31.88%<br> 82.14%-100.00%<br> 7.56%-17.00% | 8.72%<br> 7.55%<br> 92.29%<br> 10.37% |
|  Whole Loans—Consumer Loans | Financial Services | $50050633 | Discounted Cash Flow | Loss-Adjusted Discounted Rate<br> Projected Loss Rate | 10.45%-12.11%<br> 16.45%-18.00% | 11.06%<br> 17.01% |
|  Whole Loans—Student Loans | Financial Services | $99046 | Discounted Cash Flow | Loss-Adjusted Discounted Rate<br> Projected Loss Rate | 6.74%-14.63%<br> 4.21%-29.77% | 10.64%<br> 15.68% |

---

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**155** 

------

<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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

---

| | |
|:---|:---|
|  | **DIVERSIFIED<br>ALTERNATIVES<br>FUND** |
|  Total long futures contracts | $156469943 |
|  Total short futures contracts | 227724034 |

---

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

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

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

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

---

| | | |
|:---|:---|:---|
|  | **U.S. HEDGED<br>EQUITY FUND** | **DIVERSIFIED<br>ALTERNATIVES<br>FUND** |
|  Purchased Options | $736 | $2618938 |
|  Written Options | (20537) | 14405151 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**156** 

------

<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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

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

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | <br> **ASSET DERIVATIVES** |  |
| | **STATEMENT OF ASSETS AND<br>LIABILITIES LOCATION** | **FAIR VALUE** |  |
| | **STATEMENT OF ASSETS AND<br>LIABILITIES LOCATION** | **FAIR VALUE** | **U.S. Hedged Equity Fund Options** |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity contracts | Investments, at fair value | $760 |  |
|  **Diversified Alternatives Fund** |  |  |  |
|  **Forwards** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange contracts | Unrealized appreciation on forward currency contracts | 1774356 |  |
|  **Futures** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commodity contracts | Net assets—Unrealized appreciation\* | 3085532 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity contracts | Net assets—Unrealized appreciation\* | 1791486 |  |
|  **Options** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commodity contracts | Investments, at fair value | 76250 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity contracts | Investments, at fair value | 35200 |  |
|  **Swap Contracts** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange contracts | Unrealized appreciation on swap contracts | 1305171 |  |

---

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

---

| | | | |
|:---|:---|:---|:---|
|  |  | <br> **LIABILITY DERIVATIVES** |  |
| | **STATEMENT OF ASSETS AND<br>LIABILITIES LOCATION** | **FAIR VALUE** |  |
| | **STATEMENT OF ASSETS AND<br>LIABILITIES LOCATION** | **FAIR VALUE** | **U.S. Hedged Equity Fund Written options** |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity contracts | Written options, at fair value | $416600 |  |
|  **Diversified Alternatives Fund** |  |  |  |
|  **Forwards** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange contracts | Unrealized depreciation on forward currency contracts | 5117073 |  |
|  **Futures** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commodity contracts | Net assets—Unrealized depreciation\* | 3608294 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity contracts | Net assets—Unrealized depreciation\* | 1901045 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange contracts | Net assets—Unrealized depreciation\* | 465757 |  |
|  **Written options** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commodity contracts | Written options, at fair value | 15212389 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity contracts | Written options, at fair value | 240809 |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange contracts | Written options, at fair value | 2541402 |  |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**157** 

------

<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| <br> **AMOUNT OF REALIZED GAIN (LOSS) ON DERIVATIVES TRANSACTIONS** | <br> **AMOUNT OF REALIZED GAIN (LOSS) ON DERIVATIVES TRANSACTIONS** | <br> **AMOUNT OF REALIZED GAIN (LOSS) ON DERIVATIVES TRANSACTIONS** | <br> **AMOUNT OF REALIZED GAIN (LOSS) ON DERIVATIVES TRANSACTIONS** | <br> **AMOUNT OF REALIZED GAIN (LOSS) ON DERIVATIVES TRANSACTIONS** | <br> **AMOUNT OF REALIZED GAIN (LOSS) ON DERIVATIVES TRANSACTIONS** |
|  | **FORWARD<br>CURRENCY<br>CONTRACTS** | **FUTURES<br>CONTRACTS** | **PURCHASED<br>OPTIONS** | **WRITTEN<br>OPTIONS** | **TOTAL** |
|  **U.S. Hedged Equity Fund** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity contracts | $— | $— | $(55023) | $(3232793) | $(3287816) |
|  **Diversified Alternatives Fund** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commodity contracts |  | (61079186) | (8592663) | 76268629 | 6596780 |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity contracts |  | 2891160 | 1097267 | 12779137 | 16767564 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange contracts | (3383022) | (31683511) | 4522569 | 27553789 | (2990175) |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| <br> **CHANGE IN UNREALIZED APPRECIATION OR (DEPRECIATION) ON DERIVATIVES TRANSACTIONS** | <br> **CHANGE IN UNREALIZED APPRECIATION OR (DEPRECIATION) ON DERIVATIVES TRANSACTIONS** | <br> **CHANGE IN UNREALIZED APPRECIATION OR (DEPRECIATION) ON DERIVATIVES TRANSACTIONS** | <br> **CHANGE IN UNREALIZED APPRECIATION OR (DEPRECIATION) ON DERIVATIVES TRANSACTIONS** | <br> **CHANGE IN UNREALIZED APPRECIATION OR (DEPRECIATION) ON DERIVATIVES TRANSACTIONS** | <br> **CHANGE IN UNREALIZED APPRECIATION OR (DEPRECIATION) ON DERIVATIVES TRANSACTIONS** | <br> **CHANGE IN UNREALIZED APPRECIATION OR (DEPRECIATION) ON DERIVATIVES TRANSACTIONS** |
|  | **FORWARD<br>CURRENCY<br>CONTRACTS** | **FUTURES<br>CONTRACTS** | **PURCHASED<br>OPTIONS** | **WRITTEN<br>OPTIONS** | **SWAP<br>CONTRACTS** | **TOTAL** |
|  **U.S. Hedged Equity Fund** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity contracts | $— | $— | $(497) | $(93503) | $— | $(94000) |
|  **Diversified Alternatives Fund** |  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Commodity contracts |  | 1422181 | (68884) | (2654600) |  | (1301303) |
| &nbsp;&nbsp;&nbsp;&nbsp; Equity contracts |  | (373206) | (47965) | 521542 |  | 100371 |
| &nbsp;&nbsp;&nbsp;&nbsp; Foreign exchange contracts | (2898214) | (598703) | 74235 | 2113504 | 1305171 | (4007) |

---

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**158** 

------

<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

**High Yield Reinsurance Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **GROSS<br>AMOUNT OF<br>RECOGNIZED<br>LIABILITIES** | **GROSS AMOUNT<br>OFFSET IN THE<br>CONSOLIDATED<br>STATEMENT<br>OF ASSETS<br>AND LIABILITIES** | **NET AMOUNTS<br>PRESENTED IN THE<br>CONSOLIDATED<br>STATEMENT<br>OF ASSETS<br>AND LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENT OF ASSETS<br>AND LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENT OF ASSETS<br>AND LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENT OF ASSETS<br>AND LIABILITIES** |
| **LIABILITIES:** | **GROSS<br>AMOUNT OF<br>RECOGNIZED<br>LIABILITIES** | **GROSS AMOUNT<br>OFFSET IN THE<br>CONSOLIDATED<br>STATEMENT<br>OF ASSETS<br>AND LIABILITIES** | **NET AMOUNTS<br>PRESENTED IN THE<br>CONSOLIDATED<br>STATEMENT<br>OF ASSETS<br>AND LIABILITIES** | **FINANCIAL<br>INSTRUMENTS** | **COLLATERAL<br>PLEDGED** | **NET<br>AMOUNT** |
|  Reverse Repurchase Agreements | $15000000 | $— | $15000000 | $— | $(15000000) | $— |
|  | $15000000 | $— | $15000000 | $— | $(15000000) | $— |

---

**Diversified Alternatives Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **GROSS<br>AMOUNT OF<br>RECOGNIZED<br>ASSETS** | **GROSS AMOUNT<br>OFFSET IN THE<br>CONSOLIDATED<br>STATEMENT<br>OF ASSETS<br>AND LIABILITIES** | **NET AMOUNTS<br>PRESENTED IN THE<br>CONSOLIDATED<br>STATEMENT<br>OF ASSETS<br>AND LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENT OF ASSETS<br>AND LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENT OF ASSETS<br>AND LIABILITIES** | **GROSS AMOUNTS NOT OFFSET IN THE<br>CONSOLIDATED STATEMENT OF ASSETS<br>AND LIABILITIES** |
| **ASSETS:** | **GROSS<br>AMOUNT OF<br>RECOGNIZED<br>ASSETS** | **GROSS AMOUNT<br>OFFSET IN THE<br>CONSOLIDATED<br>STATEMENT<br>OF ASSETS<br>AND LIABILITIES** | **NET AMOUNTS<br>PRESENTED IN THE<br>CONSOLIDATED<br>STATEMENT<br>OF ASSETS<br>AND LIABILITIES** | **FINANCIAL<br>INSTRUMENTS** | **COLLATERAL<br>PLEDGED** | **NET<br>AMOUNT** |
|  Forward Currency Contracts | $1774356 | $— | $1774356 | $(1774356) | $— | $— |
|  Purchased Options | 111450 |  | 111450 | (111450) |  |  |
|  Swap Contracts | 1305171 |  | 1305171 | (1305171) |  |  |
|  | $3190977 | $— | $3190977 | $(3190977) | $— | $— |
| **LIABILITIES:** |  |  |  | **FINANCIAL<br>INSTRUMENTS** | **COLLATERAL<br>PLEDGED** | **NET<br>AMOUNT** |
|  Forward Currency Contracts | $5117073 | $— | $5117073 | $(1774356) | $(3342717) | $— |
|  | $5117073 | $— | $5117073 | $(1774356) | $(3342717) | $— |

---

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

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

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**159** 

------

<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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

**High Yield Reinsurance Fund** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **REVERSE REPURCHASE AGREEMENTS** | **OVERNIGHT AND<br>CONTINUOUS** | **UP TO 30<br>DAYS** | **30-90<br>DAYS** | **GREATER<br>THAN 90<br>DAYS** | **TOTAL** |
|  Event Linked Bonds | $— | $15000000 | $— | $— | $15000000 |
|  **Total** | $— | $15000000 | $— | $— | $15000000 |

---

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**160** 

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<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**161** 

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<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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

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

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**162** 

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<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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

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

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

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**163** 

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<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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

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

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

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

**3. Federal Tax Matters** 

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**164** 

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<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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| | | |
|:---|:---|:---|
|  | **TOTAL<br>DISTRIBUTABLE<br>EARNINGS/(LOSS)** | **PAID IN<br>CAPITAL** |
|  High Yield Reinsurance Fund | $— | $— |
|  U.S. Hedged Equity Fund |  |  |
|  Diversified Alternatives Fund | (5723959) | 5723959 |

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These differences primarily relate to investments in controlled foreign corporations.

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| | | | |
|:---|:---|:---|:---|
|  | **HIGH YIELD<br>REINSURANCE<br>RISK<br>PREMIUM<br>FUND** | **U.S. HEDGED<br>EQUITY FUND** | **DIVERSIFIED<br>ALTERNATIVES<br>FUND** |
|  Tax cost of investments | $1797476526 | $30350804 | $481971258 |
|  Unrealized appreciation | 7212605 |  | 3206504 |
|  Unrealized depreciation | (236672913) | (282719) | (43655518) |
|  Net unrealized appreciation (depreciation) | (229460308) | (282719) | (40449014) |
|  Undistributed ordinary income | 12600379 | 81536 | 4488274 |
|  Undistributed long-term gain (capital loss carryover) | (107450031) | (3384909) | (53341879) |
|  Distributable earnings | (94849652) | (3303373) | (48853605) |
|  Other accumulated earnings (loss) | 12238399 |  | 1383101 |
|  Total accumulated gain (loss) | $(312071561) | $(3586092) | $(87919518) |

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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:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **ORDINARY<br>INCOME** | **LONG-TERM<br>CAPITAL GAIN** | **RETURN<br>OF CAPITAL** | **TOTAL** |
|  High Yield Reinsurance Fund | $64138892 | $— | $– $| 64138892 |
|  U.S. Hedged Equity Fund | 1051269 | 978765 | – | 2030034 |
|  Diversified Alternatives Fund | 15355242 | 2954443 | – | 18309685 |

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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:

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| | | | | |
|:---|:---|:---|:---|:---|
|  | **ORDINARY<br>INCOME** | **LONG-TERM<br>CAPITAL GAIN** | **RETURN<br>OF CAPITAL** | **TOTAL** |
|  High Yield Reinsurance Fund | $60490800 | $– $|  | $60490800 |
|  U.S. Hedged Equity Fund | 816245 | – |  | 816245 |
|  Diversified Alternatives Fund | 825885 | – |  | 825885 |

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 Stone Ridge Funds Annual Report October 31, 2022 <br>

**165** 

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<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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:

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| | | | |
|:---|:---|:---|:---|
|  | **SHORT-<br>TERM** | **LONG-TERM** | **TOTAL** |
|  High Yield Reinsurance Fund | $(6531561) | $(100918470) | $(107450031) |
|  U.S. Hedged Equity Fund | (1359476) | (2025433) | (3384909) |
|  Diversified Alternatives Fund<sup>(1)</sup> | (44282971) | (14067574) | (58350545) |

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

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

**4. Agreements** 

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

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<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

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| | | | |
|:---|:---|:---|:---|
| **FUND** | **REMAINING AMOUNT**<br> **TO BE RECOUPED**<br> **(EXPIRING BY**<br> **OCTOBER 31, 2023)** | **REMAINING AMOUNT**<br> **TO BE RECOUPED**<br> **(EXPIRING BY**<br> **OCTOBER 31, 2024)** | **REMAINING AMOUNT**<br> **TO BE RECOUPED**<br> **(EXPIRING BY**<br> **OCTOBER 31, 2025)** |
|  High Yield Reinsurance Fund | $480007 | $563960 | $343464 |
|  U.S. Hedged Equity Fund | 644618 | 384371 | 375766 |
|  Diversified Alternatives Fund | 287870 | 1388393 | 1046965 |

---

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

**(c) Distributor** ALPS Distributors, Inc. (the "Distributor") serves as the Funds' distributor.

**5. Distribution and Service Arrangements** 

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**167** 

------

<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

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

**6. Related Parties** 

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

**7. Investment Transactions** 

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

---

| | | | |
|:---|:---|:---|:---|
|  | **HIGH YIELD<br>REINSURANCE<br>FUND** | **U.S. HEDGED<br>EQUITY<br>FUND** | **DIVERSIFIED<br>ALTERNATIVES<br>FUND** |
|  Purchases | $736945639 | $– $| 247618814 |
|  Sales | 400538878 | – | 56897106 |
|  U.S. Government Security Purchases |  | – |  |
|  U.S. Government Security Sales |  | – |  |

---

**8. Capital Share Transactions** 

---

| | | |
|:---|:---|:---|
| **HIGH YIELD REINSURANCE FUND - CLASS I** | **YEAR ENDED<br>OCTOBER 31, 2022** | **YEAR ENDED<br>OCTOBER 31, 2021** |
|  Shares sold | 80073730 | 76480738 |
|  Shares issued to holders in reinvestment of dividends | 3820392 | 3458347 |
|  Shares redeemed | (49108633) | (34496558) |
|  Net increase in shares | 34785489 | 45442527 |
|  Shares outstanding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of year | 140878629 | 95436102 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of year | 175664118 | 140878629 |
| **HIGH YIELD REINSURANCE FUND - CLASS M** |  |  |
|  Shares sold | 4741692 | 7572208 |
|  Shares issued to holders in reinvestment of dividends | 580109 | 589564 |
|  Shares redeemed | (6160269) | (3869437) |
|  Net increase (decrease) in shares | (838468) | 4292335 |
|  Shares outstanding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of year | 16461267 | 12168932 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of year | 15622799 | 16461267 |
| **U.S. HEDGED EQUITY FUND - CLASS I** |  |  |
|  Shares sold | 185877 | 695181 |
|  Shares issued to holders in reinvestment of dividends | 97796 | 53768 |
|  Shares redeemed | (979443) | (2755909) |
|  Net decrease in shares | (695770) | (2006960) |
|  Shares outstanding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of year | 3111830 | 5118790 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of year | 2416060 | 3111830 |

---

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**168** 

------

<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

---

| | | |
|:---|:---|:---|
| **U.S. HEDGED EQUITY FUND - CLASS M** | | |
|  Shares sold | 100475 | 3707 |
|  Shares issued to holders in reinvestment of dividends | 11692 | 4338 |
|  Shares redeemed | (105807) | (26258) |
|  Net increase (decrease) in shares | 6360 | (18213) |
|  Shares outstanding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of year | 234229 | 252442 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of year | 240589 | 234229 |
| **DIVERSIFIED ALTERNATIVES FUND - CLASS I** |  |  |
|  Shares sold | 30712516 | 11900940 |
|  Shares sold in connection with acquisition<sup>(1)</sup> |  | 7277511 |
|  Shares issued to holders in reinvestment of dividends | 1457004 | 77113 |
|  Shares redeemed | (8616572) | (3204044) |
|  Net increase in shares | 23552948 | 16051520 |
|  Shares outstanding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of year | 17995651 | 1944131 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of year | 41548599 | 17995651 |

---

---

| | | |
|:---|:---|:---|
| **DIVERSIFIED ALTERNATIVES FUND—CLASS J** | **YEAR ENDED<br>OCTOBER 31, 2022** | **YEAR ENDED<br>OCTOBER 31, 2021** |
|  Shares sold | 2318941 | 1185543 |
|  Shares issued to holders in reinvestment of dividends | 94234 | 29 |
|  Shares redeemed | (447584) | (10371) |
|  Net increase in shares | 1965591 | 1175201 |
|  Shares outstanding: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Beginning of year | 1175701 | 500 |
| &nbsp;&nbsp;&nbsp;&nbsp; End of year | 3141292 | 1175701 |

---

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

**9. Transactions with Affiliate** 

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

---

| | |
|:---|:---|
|  | **DIVERSIFIED ALTERNATIVES FUND <sup>(1)</sup>** |
|  | **STONE RIDGE HIGH YIELD REINSURANCE**<br> **RISK PREMIUM—CLASS I** |
| **November 1, 2021 Balance** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares | 12171767 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost | $110858686 |
| **Additions** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares | 17907983 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost | $158434405 |
| **Reductions** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares | 5586163 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost | $50868117 |
| **October 31, 2022 Balance** |  |
| &nbsp;&nbsp;&nbsp;&nbsp; Shares | 24493586 |
| &nbsp;&nbsp;&nbsp;&nbsp; Cost | $218424974 |
| &nbsp;&nbsp;&nbsp;&nbsp; Value | $198153111 |
| Dividend Income | $6839156 |
| Realized Gain/(Loss) | $(1368117) |
| Change in Unrealized Appreciation | $(19080795) |

---

(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.

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**169** 

------

<u>Notes to Financial Statements</u>   <u>October 31, 2022</u>

**10. Financing Facility** 

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

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

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

**11. Subsequent Events Evaluation** 

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**170** 

------

<u>Report of Independent Registered Public Accounting Firm</u>

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

**Opinion on the Financial Statements** 

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

---

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

---

---

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

---

---

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

---

**Basis for Opinion** 

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**171** 

------

<u>Report of Independent Registered Public Accounting Firm</u>

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

![LOGO](g485702g69e40.jpg)

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

Minneapolis, Minnesota

December 29, 2022

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**172** 

------

<u>Expense Examples (Unaudited)</u>

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

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

**Actual Expenses** 

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

**Hypothetical Example For Comparison Purposes** 

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

**Stone Ridge High Yield Reinsurance Risk Premium Fund — Class I** 

---

| | | | |
|:---|:---|:---|:---|
|  | **BEGINNING<br>ACCOUNT<br>VALUE<br>MAY 1, 2022** | **ENDING<br>ACCOUNT<br>VALUE<br>OCTOBER 31, 2022** | **EXPENSES<br>PAID DURING<br>PERIOD\***<br> **MAY 1, 2022 –<br>OCTOBER 31, 2022** |
| &nbsp;&nbsp;&nbsp;&nbsp; Actual | $1000.00 | $927.80 | $8.65 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hypothetical (5% annual return before expenses) | $1000.00 | $1016.74 | $9.05 |

---

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

**Stone Ridge High Yield Reinsurance Risk Premium Fund — Class M** 

---

| | | | |
|:---|:---|:---|:---|
|  | **BEGINNING<br>ACCOUNT<br>VALUE<br>MAY 1, 2022** | **ENDING<br>ACCOUNT<br>VALUE<br>OCTOBER 31, 2022** | **EXPENSES<br>PAID DURING<br>PERIOD\***<br> **MAY 1, 2022 –<br>OCTOBER 31, 2022** |
| &nbsp;&nbsp;&nbsp;&nbsp; Actual | $1000.00 | $926.30 | $9.07 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hypothetical (5% annual return before expenses) | $1000.00 | $1016.28 | $9.49 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**173** 

------

<u>Expense Examples (Unaudited)</u>

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

---

| | | | |
|:---|:---|:---|:---|
|  | **BEGINNING<br>ACCOUNT<br>VALUE<br>MAY 1, 2022** | **ENDING<br>ACCOUNT<br>VALUE<br>OCTOBER 31, 2022** | **EXPENSES<br>PAID DURING<br>PERIOD\***<br> **MAY 1, 2022 –<br>OCTOBER 31, 2022** |
| &nbsp;&nbsp;&nbsp;&nbsp; Actual | $1000.00 | $967.00 | $2.51 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hypothetical (5% annual return before expenses) | $1000.00 | $1022.68 | $2.59 |

---

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

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

---

| | | | |
|:---|:---|:---|:---|
|  | **BEGINNING<br>ACCOUNT<br>VALUE<br>MAY 1, 2022** | **ENDING<br>ACCOUNT<br>VALUE<br>OCTOBER 31, 2022** | **EXPENSES<br>PAID DURING<br>PERIOD\***<br> **MAY 1, 2022 –<br>OCTOBER 31, 2022** |
| &nbsp;&nbsp;&nbsp;&nbsp; Actual | $1000.00 | $966.60 | $2.96 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hypothetical (5% annual return before expenses) | $1000.00 | $1022.23 | $3.05 |

---

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

**Stone Ridge Diversified Alternatives Fund — Class I** 

---

| | | | |
|:---|:---|:---|:---|
|  | **BEGINNING<br>ACCOUNT<br>VALUE<br>MAY 1, 2022** | **ENDING<br>ACCOUNT<br>VALUE<br>OCTOBER 31, 2022** | **EXPENSES<br>PAID DURING<br>PERIOD\***<br> **MAY 1, 2022 –<br>OCTOBER 31, 2022** |
| &nbsp;&nbsp;&nbsp;&nbsp; Actual | $1000.00 | $979.70 | $6.66 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hypothetical (5% annual return before expenses) | $1000.00 | $1020.47 | $6.79 |

---

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

**Stone Ridge Diversified Alternatives Fund — Class J** 

---

| | | | |
|:---|:---|:---|:---|
|  | **BEGINNING<br>ACCOUNT<br>VALUE<br>MAY 1, 2022** | **ENDING<br>ACCOUNT<br>VALUE<br>OCTOBER 31, 2022** | **EXPENSES<br>PAID DURING<br>PERIOD\***<br> **MAY 1, 2022 –<br>OCTOBER 31, 2022** |
| &nbsp;&nbsp;&nbsp;&nbsp; Actual | $1000.00 | $977.60 | $8.16 |
| &nbsp;&nbsp;&nbsp;&nbsp; Hypothetical (5% annual return before expenses) | $1000.00 | $1018.75 | $8.32 |

---

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**174** 

------

<u>Additional Information (Unaudited)</u>

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

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

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

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

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**175** 

------

<u>Additional Information (Unaudited)</u>    

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

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**176** 

------

<u>Additional Information (Unaudited)</u>    

**2. Disclosure Regarding Fund Trustees and Officers** 

---

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

---

------

(1) Information as of October 31, 2022.

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

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

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

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**177** 

------

<u>Additional Information (Unaudited)</u>    

---

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

---

------

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

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

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

**3. Shareholder Notification of Federal Tax Status** 

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

---

| | |
|:---|:---|
|  | **PERCENTAGES** |
|  High Yield Reinsurance Fund | 0.00% |
|  U.S. Hedged Equity Fund | 0.00% |
|  Diversified Alternatives Fund | 0.00% |

---

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

---

| | |
|:---|:---|
|  | **PERCENTAGES** |
|  High Yield Reinsurance Fund | 0.00% |
|  U.S. Hedged Equity Fund | 0.00% |
|  Diversified Alternatives Fund | 0.00% |

---

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**178** 

------

<u>Additional Information (Unaudited)</u>    

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

---

| | |
|:---|:---|
|  | **PERCENTAGES** |
|  High Yield Reinsurance Fund | 0.00% |
|  U.S. Hedged Equity Fund | 100.00% |
|  Diversified Alternatives Fund | 0.00% |

---

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

---

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

---

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

**4. Availability of Quarterly Portfolio Holdings Schedules** 

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

**5. Proxy Voting Policies and Procedures and Proxy Voting Record** 

A description of the policies and procedures that the Funds use to determine how to vote proxies relating to portfolio securities is available without charge, upon request by calling 1.855.609.3680 and on the SEC's website, <u>www.sec.gov</u>. 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, <u>www.sec.gov</u>.

**6. Liquidity Risk Management Program** 

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

 Stone Ridge Funds Annual Report October 31, 2022 <br>

**179** 

------

<u>Investment Adviser</u> 

Stone Ridge Asset Management LLC

510 Madison Avenue, 21st Floor

New York, NY 10022

<u>Independent Registered Public Accounting Firm</u> 

Ernst & Young LLP

700 Nicollet Mall, Suite 500

Minneapolis, MN 55402

<u>Legal Counsel</u> 

Ropes & Gray LLP

Prudential Tower

800 Boylston Street

Boston, MA 02199

<u>Custodians</u> 

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

<u>Distributor</u> 

ALPS Distributors, Inc.

1290 Broadway, Suite 1000

Denver, CO 80203

<u>Administrator, Transfer Agent and Dividend Disbursing Agent</u> 

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.

------

---

| | | |
|:---|:---|:---|
| ![LOGO](g485702g12m27.jpg) | Stone Ridge Funds<br> P.O. Box 701<br> Milwaukee, WI 53201-0701<br>855-609-3680<br> www.stoneridgefunds.com<br>| SQANNU |

---

------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

**<u>Item 2. Code of Ethics.</u>**

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

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

**<u>Item 3. Audit Committee Financial Expert.</u>**

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

**<u>Item 4. Principal Accountant Fees and Services.</u>**

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

---

| | | |
|:---|:---|:---|
| | FYE 10/31/2022 | FYE 10/31/2021 |
|  Audit Fees | $314250 | $282438 |
|  Audit-Related Fees | $71550 | $75000 |
|  Tax Fees | $117,750\* | $96400 |
|  All Other Fees | $0 | $0 |

---

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

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

------

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

---

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

---

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

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

---

| | | |
|:---|:---|:---|
| Non-Audit Related Fees | FYE 10/31/2022 | FYE 10/31/2021 |
|  Registrant | $117,750\* | $96400 |
|  Registrant's Investment Adviser | $133892 | $172900 |

---

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

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

**<u>Item 5. Audit Committee of Listed Registrants.</u>**

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

**<u>Item 6. Investments.</u>**

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

**<u>Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</u>**

Not applicable to open-end investment companies.

------

**<u>Item 8. Portfolio Managers of Closed-End Management Investment Companies.</u>**

Not applicable to open-end investment companies.

**<u>Item 9. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.</u>**

Not applicable to open-end investment companies.

**<u>Item 10. Submission of Matters to a Vote of Security Holders.</u>**

Not applicable.

**<u>Item 11. Controls and Procedures.</u>**

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

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

**<u>Item 12. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies</u>**

Not applicable to open-end investment companies.

**<u>Item 13. Exhibits.</u>**

(a) [(1) *Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit.* Filed herewith.](d485702dex99code.htm)

&nbsp;&nbsp;&nbsp;&nbsp;[(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.](d485702dex99cert.htm)

&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;(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](d485702dex99906cert.htm)* [*906 of the Sarbanes -Oxley Act of 2002.* Furnished herewith.](d485702dex99906cert.htm)

------

**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) <u>Stone Ridge Trust</u>  |
|  By (Signature and Title) <u>/s/ Ross Stevens</u>  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ross Stevens, President, Chief Executive Officer and |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Principal Executive Officer |
|  Date <u>1/9/23</u>  |

---

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) <u>/s/ Ross Stevens</u>  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ross Stevens, President, Chief Executive Officer and |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Principal Executive Officer |
|  Date <u>1/9/23</u>  |
|  By (Signature and Title) <u>/s/ Anthony Zuco</u>  |
|  &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Anthony Zuco, Treasurer, Principal Financial Officer, Chief |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial Officer and Chief Accounting Officer |
|  Date <u>1/9/23</u>  |

---

## Ex-99.Code

EX.99.CODE ETH

**Code of Ethics for Principal Executive and Principal Financial Officers** 

*Regulatory Background* 

In accordance with Sarbanes-Oxley (the "SOX Act") and the rules promulgated thereunder by the U.S. Securities and Exchange Commission ("SEC"), each Trust, on behalf of its series, is required to file, on a semi-annual basis, a report on Form N-CSR in which each Registered Fund must disclose whether it has adopted, for the purposes set forth below, a code of ethics applicable to certain of its officers. The Board, including a majority of the Independent Board Members, has approved this Code of Ethics ("Code") as compliant with the requirements of the SOX Act and related SEC rules.

*Covered Officers/Purpose of the Code* 

This Code applies to each Trust's Principal Executive Officer and Principal Financial Officer (the "Covered Officers," each of whom are set forth in Exhibit A) for the purpose of promoting:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between
personal and professional relationships;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• full, fair, accurate, timely and understandable disclosure in reports and documents that each Registered Fund
files with, or submits to, the SEC and in other public communications made by each Registered Fund;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• compliance with applicable laws and governmental rules and regulations;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• the prompt internal reporting of violations of the Code to an appropriate person or persons identified in the
Code; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

*Covered Officers Should Handle Ethically Actual and Apparent Conflicts of Interest* 

A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or his or her service to, the Registered Fund. For example, a conflict of interest would arise if a Covered Officer receives improper personal benefits as a result of his or her position with the Registered Fund.

Certain conflicts of interest may arise out of the relationships between Covered Officers and a Trust and already are subject to conflict of interest provisions in the 1940 Act and the Advisers Act. For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with the Registered Fund because of their status as "affiliated persons" of a Registered Fund. Each Registered Fund and certain of its service providers' compliance programs and procedures are designed to prevent, or identify and correct violations of these provisions. This Code does not, and is not intended to, repeat or replace these programs and procedures, and such conflicts fall outside the parameters of this Code.

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Although typically not presenting an opportunity for improper personal benefit, conflicts may arise from, or as a result of, the contractual relationship between each Registered Fund and the Adviser, of which the Covered Officers may be officers or employees. As a result, this Code recognizes that the Covered Officers will, in the normal course of their duties (whether for a Registered Fund or the Adviser), be involved in establishing policies and implementing decisions that will have different effects on the Adviser and the Registered Fund. The participation of the Covered Officers in such activities is inherent in the contractual relationships between each Registered Fund and the Adviser and is consistent with the performance by the Covered Officers of their duties as officers of the Registered Fund. Thus, if performed in conformity with the provisions of the 1940 Act and the Advisers Act, such activities normally will be deemed to have been handled ethically. In addition, it is recognized by the Board that the Covered Officers may also be officers or employees of one or more other investment companies covered by this Code or other codes of ethics.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the 1940 Act and the Advisers Act. The following list provides examples of conflicts of interest under the Code, but Covered Officers should keep in mind that these examples are not exhaustive. The overarching principle is that the personal interest of a Covered Officer should not be placed improperly before the interest of the Registered Fund.

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;• not use his or her personal influence or personal relationships improperly to influence investment decisions
or financial reporting by a Registered Fund whereby the Covered Officer would benefit personally to the detriment of the Fund;

&nbsp;&nbsp;&nbsp;&nbsp;• not cause a Registered Fund to take action, or fail to take action, for the individual personal benefit of the
Covered Officer rather than the benefit of such Fund;

&nbsp;&nbsp;&nbsp;&nbsp;• not use material non-public knowledge of portfolio transactions made
or contemplated for a Registered Fund to trade personally or cause others to trade personally in contemplation of the market effect of such transactions; and

&nbsp;&nbsp;&nbsp;&nbsp;• report at least annually the information elicited in any officer questionnaire relating to potential conflicts
of interest.

There are some conflict of interest situations that must be discussed with the Trusts' Audit Committee if material. Some examples of such situations include:

&nbsp;&nbsp;&nbsp;&nbsp;• service as a Board Member on the board of any company (public or private), other than a management investment
company;

&nbsp;&nbsp;&nbsp;&nbsp;• the receipt of any non-nominal gifts or entertainment from any company
with which a Trust or any Registered Fund has current or prospective business dealings, unless such entertainment is business related, reasonable in cost, appropriate as to time and place and not so frequent as to raise any question of impropriety;

&nbsp;&nbsp;&nbsp;&nbsp;• any ownership interest in, or any consulting or employment relationship with, any of a Registered Fund's
service providers, other than the Adviser or any affiliated person thereof; and

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&nbsp;&nbsp;&nbsp;&nbsp;• a direct or indirect financial interest in commissions, transaction charges or spreads paid by a Registered
Fund for effecting portfolio transactions or for selling or redeeming shares other than an interest arising from the Covered Officer's employment, such as compensation or equity ownership.

*Disclosure and Compliance* 

Each Covered Officer:

&nbsp;&nbsp;&nbsp;&nbsp;• should familiarize himself or herself with the disclosure requirements generally applicable to a Registered
Fund;

&nbsp;&nbsp;&nbsp;&nbsp;• should not knowingly misrepresent, or cause others to misrepresent, facts about the Registered Funds to
others, whether within or outside a Trust, including to the Board Members and auditors, governmental regulators or self-regulatory organizations;

&nbsp;&nbsp;&nbsp;&nbsp;• should, to the extent appropriate within his or her area of responsibility, consult with other officers and
employees of a Trust, the Adviser and other Registered Fund service providers, with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents a Registered Fund files with, or submits to, the SEC
and in other public communications made by such Fund; and

&nbsp;&nbsp;&nbsp;&nbsp;• has the responsibility to promote compliance with the standards and restrictions imposed by applicable laws,
rules and regulations.

*Reporting and Accountability by Covered Officers* 

Each Covered Officer must:

&nbsp;&nbsp;&nbsp;&nbsp;• upon adoption of the Code (or thereafter as applicable, upon becoming a Covered Officer), affirm in writing
(in the form attached hereto as Exhibit B) to the Board that he or she has received, read, and understands the Code;

&nbsp;&nbsp;&nbsp;&nbsp;• annually thereafter affirm (in the form attached hereto as Exhibit B) to the Board that he or she has complied
with the requirements of the Code;

&nbsp;&nbsp;&nbsp;&nbsp;• not retaliate against any other Covered Officer or any employee or agent of an affiliated person of a Fund for
good faith reports of potential violations; and

&nbsp;&nbsp;&nbsp;&nbsp;• notify the Trust's Audit Committee promptly if he or she knows of any violation of this Code. Failure to
do so is itself a violation of this Code.

*Enforcement* 

The Audit Committee is responsible for applying this Code to specific situations in which questions are presented under it and has the authority to interpret this Code in any particular situation. Any approvals or waivers sought by a Covered Officer will be considered by the Audit Committee. The Audit Committee is authorized to consult, as appropriate, with counsel to the Funds.

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Each Trust will follow these procedures in investigating and enforcing this Code:

&nbsp;&nbsp;&nbsp;&nbsp;• The Audit Committee will take all appropriate action to investigate any potential violations reported to the
Audit Committee;

&nbsp;&nbsp;&nbsp;&nbsp;• if, after such investigation, the Audit Committee believes that no violation has occurred, the Audit Committee
is not required to take any further action;

&nbsp;&nbsp;&nbsp;&nbsp;• any matter that the Audit Committee believes is a material violation will be promptly reported to the Board.
The Board Members, with the exception of any person whose matter is under consideration for a waiver, shall take such actions as they consider appropriate, including imposition of any sanctions that they consider appropriate;

&nbsp;&nbsp;&nbsp;&nbsp;• no person shall participate in a determination of whether he or she has committed a violation of this Code or
in the imposition of any sanction against himself or herself.

&nbsp;&nbsp;&nbsp;&nbsp;• the Audit Committee will be responsible for granting waivers, as appropriate; and

&nbsp;&nbsp;&nbsp;&nbsp;• any amendments to or waivers of this Code will, to the extent required, be disclosed as provided by SEC rules.

*Other Policies and Procedures* 

This Code shall be the sole code of ethics adopted by the Trusts for purposes of Section 406 of the SOX Act and the rules and forms applicable to registered investment companies thereunder. Insofar as other policies or procedures of the Trusts, the Adviser or other service providers govern or purport to govern the behavior or activities of the Covered Officers who are subject to this Code, they are superseded by this Code to the extent that they overlap or conflict with the provisions of this Code. The Trusts' code of ethics and any code of ethics of the Adviser under Rule 17j-1 under the 1940 Act are separate requirements applying to the Covered Officers and others, and are not part of this Code.

*Amendment; Interpretation of Provisions* 

The Board Members may from time to time amend this Code or adopt such interpretations of this Code as they deem appropriate.

*Confidentiality* 

All reports and records prepared or maintained pursuant to this Code shall be treated as confidential and shall not be disclosed to anyone other than the Board, the Covered Officers and Trust counsel, except as otherwise requested in accordance with applicable law.

*Internal Use* 

The Code is intended solely for the internal use by the Trusts and does not constitute an admission, by or on behalf of the Trusts, as to any fact, circumstance, or legal conclusion.

**Last Amended: July 25, 2022** 

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**<u>EXHIBIT A</u>**

**Persons Covered by this Code of Ethics (Covered Officers)** 

Principal Executive Officer: Ross Stevens

Principal Financial Officer: Anthony Zuco

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**<u>EXHIBIT B</u>**

**Code of Ethics for Principal Executive and Principal Financial Officers** 

**INITIAL AND ANNUAL CERTIFICATION OF** 

**COMPLIANCE WITH THE** 

**CODE OF ETHICS FOR PRINCIPAL EXECUTIVE AND PRINCIPAL FINANCIAL OFFICERS** 

**To: The Board** 

[Initial] I hereby certify that I have received the Code of Ethics for Principal Executive and Principal Financial Officers adopted pursuant to the Sarbanes-Oxley Act of 2002 (the "Code") and that I have read and understood the Code. I further certify that I am subject to the Code and will comply with each of the Code's provisions to which I am subject.

[Annual] I hereby certify that I have received the Code of Ethics for Principal Executive and Principal Financial Officers adopted pursuant to the Sarbanes-Oxley Act of 2002 (the "Code") and that I have read and understood the Code. I further certify that I have complied with and will continue to comply with each of the provisions of the Code to which I am subject.

---

| | |
|:---|:---|
| /s/ Ross Stevens | /s/ Ross Stevens |
|  | (Signature) |
|  Name: | Ross L. Stevens |
|  Date: | 1/9/23 |

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## Ex-99.Cert

EX.99.CERT

**<u>CERTIFICATIONS</u>**

I, Ross Stevens, certify that:

1. I have reviewed this report on Form N-CSR of Stone Ridge Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

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| | |
|:---|:---|
|  Date: <u>1/9/23</u>  | <u>/s/ Ross Stevens</u> |
|  | Ross Stevens<br> President, Chief Executive Officer and Principal<br> Executive Officer |

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------

EX.99.CERT

**<u>CERTIFICATIONS</u>**

I, Anthony Zuco, certify that:

1. I have reviewed this report on Form N-CSR of Stone Ridge Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a
material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report,
fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the
periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be
designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is
being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial
reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this
report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that
occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and
the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over
financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in
the registrant's internal control over financial reporting.

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| | |
|:---|:---|
|  Date: <u>1/9/23</u>  | <u>/s/ Anthony Zuco</u> |
|  | Anthony Zuco<br> Treasurer, Principal Financial Officer, Chief<br> Financial Officer and Chief Accounting Officer |

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## Exhibit 99.906

EX.99.906CERT

**<u>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</u>**

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned officers of the Stone Ridge Trust, does hereby certify, to such officer's knowledge, that the report on Form N-CSR of the Stone Ridge Trust for the year ended October 31, 2022 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable, and that the information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Stone Ridge Trust for the stated period.

---

| | |
|:---|:---|
| <u>/s/ Ross Stevens</u> | <u>/s/ Anthony Zuco</u> |
| Ross Stevens<br> President, Chief Executive Officer and Principal<br> Executive Officer,<br> Stone Ridge Trust | Anthony Zuco<br> Treasurer, Principal Financial Officer, Chief<br> Financial Officer and Chief Accounting Officer,<br> Stone Ridge Trust |
| Dated: <u>1/9/23</u> | Dated: <u>1/9/23</u> |

---

This statement accompanies this report on Form N-CSR pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed as filed by Stone Ridge Trust for purposes of Section 18 of the Securities Exchange Act of 1934.