Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2026

1

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

222.6%

COMMON

STOCKS

-

169.3%

Australia

-

4

.7

%

AGL

Energy

Ltd.

(2)(a)

69,603

476,492

ANZ

Group

Holdings

Ltd.

(2)(a)

56,280

1,415,175

Aristocrat

Leisure

Ltd.

(2)(a)

29,891

950,093

Atlas

Arteria

Ltd.

(2)(a)

8,459

25,086

Aurizon

Holdings

Ltd.

(2)(a)

432,755

1,194,627

BHP

Group

Ltd.

(2)(a)

40,093

1,450,666

BlueScope

Steel

Ltd.

(2)(a)

42,347

766,507

Brambles

Ltd.

(2)(a)

43,355

680,425

Dyno

Nobel

Ltd.

(2)(a)

169,517

369,140

Evolution

Mining

Ltd.

(2)(a)

199,120

1,793,019

Fortescue

Ltd.

(2)(a)

38,655

552,365

Harvey

Norman

Holdings

Ltd.

(2)(a)

87,007

298,904

JB

Hi-Fi

Ltd.

(2)(a)

18,388

930,413

Lendlease

Corp.

Ltd.

(2)(a)

119,466

275,052

Liontown

Ltd.

(2)*(a)

664,858

811,503

Medibank

Pvt

Ltd.

(2)(a)

100,301

303,489

OceanaGold

Corp.

(a)

10,216

322,100

Orica

Ltd.

(2)(a)

19,641

276,046

Origin

Energy

Ltd.

(2)(a)

39,200

337,322

PLS

Group

Ltd.

(2)*

24

88

Pro

Medicus

Ltd.

(2)(a)

5,980

492,853

QBE

Insurance

Group

Ltd.

(2)(a)

138,150

2,038,647

Qube

Holdings

Ltd.

(2)(a)

70,027

236,361

REA

Group

Ltd.

(2)(a)

668

73,185

Reece

Ltd.

(2)(a)

16,685

155,257

Santos

Ltd.

(2)(a)

131,110

717,636

South32

Ltd.

(2)(a)

28,594

86,583

Suncorp

Group

Ltd.

(2)(a)

41,222

462,621

Technology

One

Ltd.

(2)(a)

16,667

316,379

Telstra

Group

Ltd.

(2)(a)

187,934

693,779

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(2)(a)

2,791

78,435

Wesfarmers

Ltd.

(2)(a)

24,232

1,237,188

Westpac

Banking

Corp.

(2)(a)

43,125

1,191,771

Worley

Ltd.

(2)(a)

114,365

898,367

Yancoal

Australia

Ltd.

(2)(a)

148,312

855,386

22,762,960

Austria

-

0

.0

%

†

Mondi

plc

(2)

3

34

Belgium

-

0

.7

%

Ageas

SA/NV

(2)(a)

18,616

1,370,380

KBC

Group

NV

(2)(a)

4,070

498,135

Liberty

Global

Ltd.,

Class

A

*(a)

78,176

945,148

Umicore

SA

(2)(a)

21,875

417,325

3,230,988

Brazil

-

0

.2

%

Wheaton

Precious

Metals

Corp.

(a)

3,030

397,727

Yara

International

ASA

(2)(a)

13,464

787,030

1,184,757

Burkina

Faso

-

0

.1

%

IAMGOLD

Corp.

*(a)

22,836

429,437

INVESTMENTS

SHARES

VALUE

($)

Canada

-

6

.9

%

Agnico

Eagle

Mines

Ltd.

(a)

6,387

1,296,454

AltaGas

Ltd.

(a)

27,769

963,162

ARC

Resources

Ltd.

(a)

24,099

501,521

Aritzia,

Inc.

*(a)

6,389

521,371

AtkinsRealis

Group,

Inc.

(a)

1,405

90,394

Bank

of

Montreal

4

542

Bank

of

Nova

Scotia

(The)

(a)

25,162

1,744,934

Barrick

Mining

Corp.

(a)

5,228

213,652

Bombardier,

Inc.,

Class

B

*(a)

2,815

497,841

Brookfield

Renewable

Corp.

(a)

1,418

56,512

Canadian

Imperial

Bank

of

Commerce

(a)

17,350

1,644,328

Canadian

Tire

Corp.

Ltd.,

Class

A

(a)

8,743

1,175,789

Capital

Power

Corp.

(a)

8,369

396,401

CCL

Industries,

Inc.,

Class

B

(a)

5,966

373,802

Cenovus

Energy,

Inc.

(a)

31,015

823,143

CGI,

Inc.

(a)

2,212

161,714

DPM

Metals,

Inc.

(a)

10,744

378,291

Emera,

Inc.

(a)

6,214

322,113

Empire

Co.

Ltd.,

Class

A

(a)

23,942

857,616

Equinox

Gold

Corp.

(a)

23,234

335,541

Fairfax

Financial

Holdings

Ltd.

(a)

1,051

1,790,818

Finning

International,

Inc.

(a)

14,439

893,472

First

Majestic

Silver

Corp.

(a)

22,802

488,790

Fortis,

Inc.

(a)

6,141

342,609

G

Mining

Ventures

Corp.

*(a)

1

35

George

Weston

Ltd.

(a)

5,938

419,515

Hudbay

Minerals,

Inc.

(a)

1,317

27,578

Hydro

One

Ltd.

(a)(b)

7,325

302,510

iA

Financial

Corp.,

Inc.

(a)

7,234

802,807

IGM

Financial,

Inc.

(a)

10,004

476,648

Imperial

Oil

Ltd.

(a)

8,317

1,089,383

Kinross

Gold

Corp.

(a)

60,323

1,844,251

Loblaw

Cos.

Ltd.

(a)

7,614

347,121

Lundin

Gold,

Inc.

(a)

20,276

1,549,523

Magna

International,

Inc.

(a)

33,783

1,886,709

Manulife

Financial

Corp.

(a)

65,292

2,249,150

Onex

Corp.

(a)

4,108

299,795

Open

Text

Corp.

(a)

30,048

669,605

Pan

American

Silver

Corp.

(a)

2,923

159,902

Quebecor,

Inc.,

Class

B

(a)

12,872

546,581

Saputo,

Inc.

(a)

9,956

311,040

Stantec,

Inc.

(a)

3,863

333,955

Sun

Life

Financial,

Inc.

(a)

9,823

615,394

Suncor

Energy,

Inc.

(a)

14,555

962,695

TFI

International,

Inc.

(a)

2,299

250,244

TMX

Group

Ltd.

(a)

7,350

260,639

Toromont

Industries

Ltd.

(a)

1,555

217,707

Toronto-Dominion

Bank

(The)

(a)

11,088

1,035,550

Tourmaline

Oil

Corp.

(a)

14,448

691,502

Whitecap

Resources,

Inc.

(a)

31,244

352,621

33,573,270

Chile

-

0

.0

%

†

Antofagasta

plc

(2)

1

45

2

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

China

-

0

.6

%

BOC

Hong

Kong

Holdings

Ltd.

(2)

(a)

47,000

259,299

Prosus

NV

(2)(a)

12,001

555,593

Wilmar

International

Ltd.

(2)

76,800

230,736

Yangzijiang

Shipbuilding

Holdings

Ltd.

(2)

619,900

1,841,346

2,886,974

Denmark

-

1

.4

%

ALK-Abello

A/S

(2)(a)

14

443

Danske

Bank

A/S

(2)(a)

16,207

798,723

Genmab

A/S

(2)*(a)

1,028

276,863

ISS

A/S

(2)(a)

43,715

1,592,265

Jyske

Bank

A/S

(Registered)

(2)(a)

3,320

455,579

Pandora

A/S

(2)(a)

12,207

872,482

ROCKWOOL

A/S,

Class

B

(2)(a)

15,325

425,648

Royal

Unibrew

A/S

(a)

1,902

154,303

Tryg

A/S

(a)

3,697

88,119

Vestas

Wind

Systems

A/S

(2)(a)

46,602

1,406,025

Zealand

Pharma

A/S

(2)*(a)

20,371

948,678

7,019,128

Finland

-

1

.0

%

Elisa

OYJ

(2)(a)

5,242

255,340

Fortum

OYJ

(2)(a)

35,385

904,892

Kesko

OYJ,

Class

B

(2)(a)

8,718

193,612

Kone

OYJ,

Class

B

(2)(a)

10,039

640,897

Metso

OYJ

(2)(a)

15,856

274,789

Nokia

OYJ

(2)(a)

105,318

844,863

Orion

OYJ,

Class

B

(2)(a)

4,110

332,197

Sampo

OYJ,

Class

A

(a)

24

255

Valmet

OYJ

(2)(a)

11,057

316,380

Wartsila

OYJ

Abp

(2)(a)

32,725

1,218,942

4,982,167

France

-

4

.9

%

Amundi

SA

(2)(a)(b)

6,839

587,729

Arkema

SA

(2)(a)

3,455

237,213

BNP

Paribas

SA

(2)(a)

35,961

3,425,774

Bollore

SE

(2)(a)

28,016

160,196

Bouygues

SA

(2)(a)

27,965

1,620,760

Capgemini

SE

(2)(a)

2,881

339,954

Carrefour

SA

(2)(a)

67,748

1,254,412

Cie

de

Saint-Gobain

SA

(2)(a)

16,268

1,346,900

Credit

Agricole

SA

(2)(a)

103,732

1,936,090

Dassault

Aviation

SA

(2)(a)

2,527

940,556

Eiffage

SA

(2)(a)

14,534

2,229,045

Elis

SA

(2)

4

113

Engie

SA

(2)(a)

25,164

810,972

Forvia

SE

(2)*(a)

26,905

307,956

Gaztransport

Et

Technigaz

SA

(2)(a)

1,472

346,205

Ipsen

SA

(2)(a)

2,277

425,534

Orange

SA

(2)(a)

50,155

1,028,331

Rexel

SA

(2)(a)

32,614

1,292,363

Safran

SA

(2)(a)

1,029

336,719

SEB

SA

(2)(a)

392

20,254

Societe

Generale

SA

(2)(a)

39,227

2,864,234

Sodexo

SA

(2)(a)

1,879

96,453

Technip

Energies

NV

(2)(a)

6,922

292,507

TotalEnergies

SE

(2)(a)

14,529

1,333,386

INVESTMENTS

SHARES

VALUE

($)

France

-

4.9%

(continued)

Veolia

Environnement

SA

(2)(a)

7,483

284,998

Vinci

SA

(2)(a)

1,019

152,951

Vivendi

SE

(2)(a)

26,906

55,818

23,727,423

Germany

-

5

.1

%

Allianz

SE

(Registered)

(2)(a)

3,444

1,454,465

Aroundtown

SA

(2)*(a)

61,635

164,087

Aurubis

AG

(2)(a)

6,624

1,178,123

Bayerische

Motoren

Werke

AG

(2)

(a)

1,984

183,533

Bechtle

AG

(2)(a)

12,648

436,175

Brenntag

SE

(2)(a)

4,053

274,543

Continental

AG

(2)(a)

8,890

620,586

CTS

Eventim

AG

&

Co.

KGaA

(2)(a)

4,893

286,587

Deutsche

Bank

AG

(Registered)

(2)(a)

88,758

2,641,445

Deutsche

Lufthansa

AG

(Registered)

(2)(a)

164,419

1,400,157

Deutsche

Post

AG

(2)(a)

13,477

710,331

E.ON

SE

(2)(a)

51,810

1,134,715

Evonik

Industries

AG

(2)(a)

26,005

510,288

Fraport

AG

Frankfurt

Airport

Services

Worldwide

(2)*

1

87

Freenet

AG

(2)(a)

14,431

444,344

Fresenius

Medical

Care

AG

(2)(a)

5,340

241,996

GEA

Group

AG

(2)(a)

3,539

253,809

Hannover

Rueck

SE

(2)(a)

892

280,446

Heidelberg

Materials

AG

(2)(a)

6,954

1,467,548

HOCHTIEF

AG

(2)(a)

478

217,429

HUGO

BOSS

AG

(2)(a)

19,407

840,050

KION

Group

AG

(2)(a)

3,711

198,286

Knorr-Bremse

AG

(2)(a)

2,697

308,137

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

(Registered)

(2)(a)

2,510

1,585,168

Nordex

SE

(2)*(a)

19,021

1,030,795

Siemens

Energy

AG

(2)(a)

35,491

6,120,407

Talanx

AG

(2)(a)

5,197

644,881

Zalando

SE

(2)*(a)(b)

18,191

444,420

25,072,838

Hong

Kong

-

0

.5

%

Sun

Hung

Kai

Properties

Ltd.

(2)(a)

37,500

624,406

Swire

Pacific

Ltd.,

Class

A

(2)(a)

8,000

87,438

WH

Group

Ltd.

(2)(a)(b)

1,107,500

1,455,739

Wharf

Real

Estate

Investment

Co.

Ltd.

(2)(a)

21,000

61,113

2,228,696

Italy

-

2

.9

%

A2A

SpA

(2)(a)

266,830

755,561

Azimut

Holding

SpA

(2)(a)

23,551

894,865

BPER

Banca

SpA

(2)(a)

16,060

210,470

Coca-Cola

HBC

AG

(2)(a)

5,274

297,080

De'

Longhi

SpA

(2)(a)

863

30,330

Eni

SpA

(2)(a)

31,512

896,006

Generali

(2)(a)

49,291

1,983,052

Hera

SpA

(2)(a)

154,478

712,558

Italgas

SpA

(2)(a)

60,098

700,081

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

3

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Italy

-

2.9%

(continued)

Leonardo

SpA

(2)(a)

29,043

1,975,489

Pirelli

&

C

SpA

(2)(a)(b)

31,953

221,097

Poste

Italiane

SpA

(2)(a)(b)

22,704

534,424

Reply

SpA

(2)(a)

2,683

252,495

Saipem

SpA

(2)(a)

340,408

1,557,486

UniCredit

SpA

(2)(a)

19,859

1,424,760

Unipol

Assicurazioni

SpA

(2)(a)

76,630

1,780,128

14,225,882

Ivory

Coast

-

0

.0

%

†

Endeavour

Mining

plc

(2)(a)

1,734

104,473

Japan

-

17

.4

%

ABC-Mart,

Inc.

(a)

2,800

44,557

Advantest

Corp.

(2)(a)

20,200

2,787,736

Aeon

Co.

Ltd.

(2)(a)

161,500

1,930,885

AGC,

Inc.

(2)(a)

6,100

216,108

Aisin

Corp.

(2)(a)

15,200

214,139

Allegro

MicroSystems,

Inc.

*

8,991

283,486

ANA

Holdings,

Inc.

(2)(a)

16,900

302,666

Asahi

Group

Holdings

Ltd.

(2)(a)

19,600

195,699

Asahi

Kasei

Corp.

(2)(a)

62,200

608,595

Asics

Corp.

(2)(a)

46,400

1,247,469

Astellas

Pharma,

Inc.

(2)(a)

125,900

2,052,399

Azbil

Corp.

(2)(a)

29,600

258,632

Bandai

Namco

Holdings,

Inc.

(2)(a)

13,000

320,715

BayCurrent,

Inc.

(2)(a)

35,500

1,027,595

Bridgestone

Corp.

(2)

15,900

331,328

Brother

Industries

Ltd.

(2)(a)

25,700

475,785

Central

Japan

Railway

Co.

(2)(a)

70,000

1,820,083

Chubu

Electric

Power

Co.,

Inc.

(2)

(a)

80,200

1,322,251

CyberAgent,

Inc.

(2)(a)

163,200

1,396,202

Dai

Nippon

Printing

Co.

Ltd.

(2)(a)

34,600

630,412

Daifuku

Co.

Ltd.

(2)(a)

7,200

254,225

Daiichi

Life

Group,

Inc.

(2)(a)

76,000

700,872

Daiichi

Sankyo

Co.

Ltd.

(2)(a)

29,400

525,986

Daito

Trust

Construction

Co.

Ltd.

(2)(a)

15,000

351,513

Daiwa

House

Industry

Co.

Ltd.

(2)

(a)

8,500

266,670

Daiwa

Securities

Group,

Inc.

(2)

1,900

18,003

ENEOS

Holdings,

Inc.

(2)(a)

191,800

1,728,144

Fuji

Electric

Co.

Ltd.

(2)(a)

2,500

175,130

Fujitsu

Ltd.

(2)(a)

32,900

672,827

Fukuoka

Financial

Group,

Inc.

(2)

(a)

5,200

199,137

Hirose

Electric

Co.

Ltd.

(2)(a)

1,700

222,554

Hitachi

Construction

Machinery

Co.

Ltd.

(2)(a)

13,200

453,251

Hitachi

Ltd.

(2)(a)

11,600

340,292

Honda

Motor

Co.

Ltd.

(2)(a)

71,400

577,881

Idemitsu

Kosan

Co.

Ltd.

(2)(a)

99,000

971,934

Iida

Group

Holdings

Co.

Ltd.

(2)(a)

12,200

187,686

Inpex

Corp.

(2)(a)

84,100

2,487,637

ITOCHU

Corp.

(2)(a)

83,000

1,055,801

Japan

Airlines

Co.

Ltd.

(2)(a)

11,400

186,121

Japan

Post

Bank

Co.

Ltd.

(2)(a)

86,100

1,404,310

Japan

Post

Holdings

Co.

Ltd.

(2)(a)

61,800

713,571

INVESTMENTS

SHARES

VALUE

($)

Japan

-

17.4%

(continued)

Japan

Post

Insurance

Co.

Ltd.

(2)

(a)

53,400

538,571

Japan

Tobacco,

Inc.

(2)(a)

27,700

1,062,679

JFE

Holdings,

Inc.

(2)(a)

12,900

151,024

Kajima

Corp.

(2)(a)

17,100

652,342

Kansai

Electric

Power

Co.,

Inc.

(The)

(2)(a)

46,600

774,775

Kao

Corp.

(a)

4,000

155,710

Kawasaki

Kisen

Kaisha

Ltd.

(2)(a)

42,100

711,095

Keyence

Corp.

(2)(a)

1,600

569,452

Kinden

Corp.

(2)(a)

25,800

1,160,703

Kioxia

Holdings

Corp.

(2)*(a)

2,400

313,440

Kirin

Holdings

Co.

Ltd.

(2)(a)

5,600

89,075

Kobe

Steel

Ltd.

(2)(a)

53,083

644,223

Konami

Group

Corp.

(2)(a)

2,000

246,456

Kyocera

Corp.

(2)(a)

16,500

253,004

Kyowa

Kirin

Co.

Ltd.

(2)

6,000

98,196

Kyushu

Electric

Power

Co.,

Inc.

(2)

(a)

42,400

491,483

Makita

Corp.

(2)(a)

8,000

262,931

Marubeni

Corp.

(2)(a)

34,500

1,262,077

MatsukiyoCocokara

&

Co.

(a)

22,000

350,159

Mazda

Motor

Corp.

(2)(a)

62,800

429,539

McDonald's

Holdings

Co.

Japan

Ltd.

(2)(a)

2,500

130,664

MINEBEA

MITSUMI,

Inc.

(2)(a)

14,600

242,434

Mitsubishi

Chemical

Group

Corp.

(2)(a)

199,400

1,165,718

Mitsubishi

Electric

Corp.

(2)(a)

27,500

899,445

Mitsubishi

HC

Capital,

Inc.

(2)(a)

82,100

736,689

Mitsui

Chemicals,

Inc.

(2)(a)

53,100

641,446

Mitsui

Fudosan

Co.

Ltd.

(2)(a)

37,400

398,700

Mitsui

Kinzoku

Co.

Ltd.

(2)(a)

1,100

208,653

MS&AD

Insurance

Group

Holdings,

Inc.

(2)(a)

33,500

874,202

Murata

Manufacturing

Co.

Ltd.

(2)

(a)

34,000

762,866

Nexon

Co.

Ltd.

(2)(a)

45,900

864,604

NIDEC

Corp.

(2)*(a)

76,000

965,064

NIPPON

EXPRESS

HOLDINGS,

Inc.

(2)(a)

24,200

546,942

Nippon

Steel

Corp.

(2)(a)

120,800

445,456

Nippon

Yusen

KK

(2)(a)

14,500

532,654

Nitto

Denko

Corp.

(2)(a)

50,900

1,018,215

Nomura

Holdings,

Inc.

(2)(a)

112,900

888,979

Obayashi

Corp.

(2)(a)

21,800

528,006

Obic

Co.

Ltd.

(a)

46,400

1,126,195

Oji

Holdings

Corp.

(2)(a)

152,600

825,574

Ono

Pharmaceutical

Co.

Ltd.

(2)(a)

64,800

1,040,041

Open

House

Group

Co.

Ltd.

(2)(a)

6,100

390,960

Osaka

Gas

Co.

Ltd.

(2)(a)

34,000

1,377,154

Otsuka

Corp.

(2)(a)

37,500

717,926

Otsuka

Holdings

Co.

Ltd.

(2)(a)

16,800

1,192,311

Panasonic

Holdings

Corp.

(2)(a)

46,800

784,900

Rakuten

Group,

Inc.

(2)*(a)

280,700

1,312,146

Recruit

Holdings

Co.

Ltd.

(2)(a)

20,200

880,113

Renesas

Electronics

Corp.

(2)(a)

29,800

426,057

Ricoh

Co.

Ltd.

(2)(a)

16,400

138,637

Ryohin

Keikaku

Co.

Ltd.

(2)(a)

31,800

678,600

Sanrio

Co.

Ltd.

(2)(a)

97,000

603,074

4

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

17.4%

(continued)

Sanwa

Holdings

Corp.

(2)(a)

9,000

204,680

SCREEN

Holdings

Co.

Ltd.

(2)(a)

10,400

619,596

Seiko

Epson

Corp.

(2)(a)

32,200

398,095

Sekisui

Chemical

Co.

Ltd.

(2)(a)

35,000

587,603

Shimamura

Co.

Ltd.

(2)(a)

44,100

923,306

Shionogi

&

Co.

Ltd.

(2)(a)

29,700

656,992

Skylark

Holdings

Co.

Ltd.

(2)(a)

16,600

357,841

Sojitz

Corp.

(2)(a)

25,520

1,010,513

Sompo

Holdings,

Inc.

(2)(a)

24,900

969,313

Square

Enix

Holdings

Co.

Ltd.

(2)

(a)

89,100

1,419,897

Subaru

Corp.

(2)(a)

44,100

710,512

Sumitomo

Corp.

(2)(a)

23,600

883,090

Sumitomo

Mitsui

Trust

Group,

Inc.

(2)(a)

34,200

1,089,497

Suntory

Beverage

&

Food

Ltd.

(2)

(a)

17,000

480,082

TBS

Holdings,

Inc.

(2)(a)

11,000

396,346

TDK

Corp.

(2)(a)

34,900

453,361

TIS,

Inc.

(2)(a)

19,900

425,490

Toho

Co.

Ltd.

(a)

13,500

141,801

Tokyo

Century

Corp.

(2)(a)

17,000

220,056

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(2)*(a)

357,800

1,474,349

Tokyo

Gas

Co.

Ltd.

(2)(a)

21,100

993,727

Tokyu

Fudosan

Holdings

Corp.

(2)

(a)

48,600

414,804

TOPPAN

Holdings,

Inc.

(2)(a)

4,100

108,136

Toray

Industries,

Inc.

(2)(a)

39,700

282,768

Tosoh

Corp.

(2)(a)

26,200

389,460

Toyo

Suisan

Kaisha

Ltd.

(2)(a)

10,000

703,258

Toyota

Tsusho

Corp.

(2)(a)

51,000

1,976,596

Trend

Micro,

Inc.

(2)

5,500

183,351

Yamazaki

Baking

Co.

Ltd.

(2)(a)

22,800

509,650

Yokogawa

Electric

Corp.

(2)(a)

19,100

590,262

Zensho

Holdings

Co.

Ltd.

(2)(a)

3,900

227,693

ZOZO,

Inc.

(2)(a)

87,700

614,156

84,937,927

Luxembourg

-

0

.0

%

†

Eurofins

Scientific

SE

(2)

1

73

Mexico

-

0

.2

%

Fresnillo

plc

(2)(a)

20,400

904,251

Netherlands

-

1

.9

%

Aalberts

NV

(2)(a)

16,593

577,879

ABN

AMRO

Bank

NV,

CVA

(2)(a)(b)

43,170

1,368,524

Argenx

SE

(2)*(a)

937

680,018

ASM

International

NV

(2)(a)

604

457,803

ASML

Holding

NV

(2)(a)

1,423

1,892,244

ASR

Nederland

NV

(2)

4,018

276,627

EXOR

NV

(2)(a)

1,152

88,183

Koninklijke

Ahold

Delhaize

NV

(a)

45,749

2,130,493

Koninklijke

KPN

NV

(2)(a)

61,717

343,988

Koninklijke

Philips

NV

(2)

1

27

Magnum

Ice

Cream

Co.

NV

(The)

*

1

15

NN

Group

NV

(2)(a)

18,247

1,425,016

9,240,817

INVESTMENTS

SHARES

VALUE

($)

Norway

-

1

.6

%

Aker

BP

ASA

(2)

4

148

Equinor

ASA

(2)(a)

84,434

3,597,258

Frontline

plc

(2)(a)

18,004

632,579

Kongsberg

Gruppen

ASA

(a)

33,574

1,431,149

Norsk

Hydro

ASA

(2)(a)

156,155

1,664,362

Orkla

ASA

(2)(a)

10,276

129,320

Telenor

ASA

(a)

7,774

136,727

7,591,543

Portugal

-

0

.0

%

†

Galp

Energia

SGPS

SA

(2)

33

791

Jeronimo

Martins

SGPS

SA

(2)(a)

(c)

4,334

103,632

104,423

Singapore

-

0

.5

%

Genting

Singapore

Ltd.

(2)

1,964,600

1,036,847

Oversea-Chinese

Banking

Corp.

Ltd.

(2)

49,600

849,537

Singapore

Airlines

Ltd.

(2)

72,100

371,798

United

Overseas

Bank

Ltd.

(2)

12,800

366,410

2,624,592

South

Africa

-

0

.0

%

†

Anglo

American

plc

(2)

1

43

Spain

-

2

.2

%

Acciona

SA

(2)(a)

3,079

809,661

ACS

Actividades

de

Construccion

y

Servicios

SA

(2)(a)

5,772

703,926

Aena

SME

SA

(a)(b)

11,953

352,581

Banco

Bilbao

Vizcaya

Argentaria

SA

(2)(a)

99,643

2,152,246

Banco

Santander

SA

(2)(a)

242,189

2,715,113

CaixaBank

SA

(2)(a)

12,395

148,587

Enagas

SA

(a)

9,377

185,770

Mapfre

SA

(2)(a)

11,737

52,306

Naturgy

Energy

Group

SA

(a)

15,651

468,536

Repsol

SA

(2)(a)

119,811

3,372,498

10,961,224

Sweden

-

3

.1

%

AAK

AB

(2)(a)

2,159

55,600

Axfood

AB

(a)

1,979

67,251

Boliden

AB

(2)*(a)

15,601

817,833

Coffee

Stain

Group

AB,

Class

B

*(a)(c)

42,766

77,449

Elekta

AB,

Class

B

(2)(a)

46,561

275,403

Embracer

Group

AB

(2)*(a)

83,019

427,951

Essity

AB,

Class

B

(2)(a)

22,713

585,378

Evolution

AB

(2)(a)(b)

10,156

638,289

Getinge

AB,

Class

B

(2)(a)

22,119

446,513

H

&

M

Hennes

&

Mauritz

AB,

Class

B

(2)(a)

23,562

440,818

Sandvik

AB

(2)(a)

21,743

835,841

Securitas

AB,

Class

B

(2)(a)

56,026

938,319

Skanska

AB,

Class

B

(2)(a)

28,468

770,035

SKF

AB,

Class

B

(2)(a)

48,127

1,160,147

SSAB

AB,

Class

B

(2)(a)

138,820

1,094,332

Swedbank

AB,

Class

A

(2)(a)

7,233

246,526

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

5

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Sweden

-

3.1%

(continued)

Swedish

Orphan

Biovitrum

AB

(2)*(a)

10,855

454,938

Telefonaktiebolaget

LM

Ericsson,

Class

B

(2)(a)

378,162

4,311,137

Telia

Co.

AB

(2)(a)

53,711

275,176

Trelleborg

AB,

Class

B

(2)(a)

11,508

430,394

Volvo

AB,

Class

B

(2)(a)

17,828

586,172

14,935,502

Switzerland

-

2

.6

%

Adecco

Group

AG

(Registered)

(2)

(a)

26,441

635,964

Avolta

AG

(2)*(a)

1,882

112,838

BKW

AG

(2)(a)

2,645

521,487

EMS-Chemie

Holding

AG

(Registered)

(2)(a)

108

84,919

Flughafen

Zurich

AG

(Registered)

(2)(a)

3,320

1,039,612

Geberit

AG

(Registered)

(2)(a)

1,160

783,035

Georg

Fischer

AG

(Registered)

(2)

(a)

1,440

74,288

Helvetia

Baloise

Holding

AG

(2)(a)

342

88,513

Logitech

International

SA

(Registered)

(2)(a)

17,012

1,579,813

PSP

Swiss

Property

AG

(Registered)

(2)(a)

1,392

276,382

Schindler

Holding

AG

(2)(a)

5,069

1,669,693

SGS

SA

(Registered)

(2)(a)

11,926

1,256,869

Sonova

Holding

AG

(Registered)

(2)(a)

2,562

584,170

Swiss

Life

Holding

AG

(Registered)

(2)(a)

774

843,051

Swiss

Prime

Site

AG

(Registered)

(2)(a)

4,380

741,613

Swisscom

AG

(Registered)

(2)(a)

1,333

1,118,605

TE

Connectivity

plc

(a)

2,845

594,662

Tecan

Group

AG

(Registered)

(2)(a)

2,275

387,231

Zurich

Insurance

Group

AG

(2)(a)

408

288,382

12,681,127

Turkiye

-

0

.0

%

†

Eldorado

Gold

Corp.

(a)

823

28,262

United

Kingdom

-

5

.7

%

Aberdeen

Group

plc

(2)(a)

106,730

270,381

Associated

British

Foods

plc

(2)(a)

7,249

181,460

AstraZeneca

plc

(2)(a)

622

121,626

Autotrader

Group

plc

(2)(a)(b)

47,581

297,813

Aviva

plc

(2)(a)

45,027

361,359

B&M

European

Value

Retail

plc

(2)

(a)

41,956

94,214

Barclays

plc

(2)(a)

444,147

2,324,436

Barratt

Redrow

plc

(2)(a)

164

570

Berkeley

Group

Holdings

plc

(2)*(a)

3

137

BT

Group

plc

(2)(a)

405,247

1,135,732

Burberry

Group

plc

(2)*(a)

15

219

Centrica

plc

(2)(a)

647,868

1,834,398

CK

Hutchison

Holdings

Ltd.

(2)(a)

65,500

502,780

Compass

Group

plc

(2)(a)

23,703

661,336

DCC

plc

(2)(a)

17,108

1,059,620

easyJet

plc

(2)(a)

176,996

823,530

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

5.7%

(continued)

Games

Workshop

Group

plc

(2)(a)

1,212

286,513

Halma

plc

(2)

1

51

Harbour

Energy

plc

(2)(a)

73,569

292,543

Hikma

Pharmaceuticals

plc

(2)

2

34

Howden

Joinery

Group

plc

(2)(a)

24,102

255,283

ICG

plc

(2)

41

841

Imperial

Brands

plc

(2)(a)

19,031

771,665

Inchcape

plc

(a)

4,498

44,652

International

Consolidated

Airlines

Group

SA

(2)(a)

113,055

536,594

Investec

plc

(2)(a)

17,843

137,527

J

Sainsbury

plc

(a)

19,540

87,676

JD

Sports

Fashion

plc

(2)(a)

634,091

601,409

Kingfisher

plc

(2)(a)

410,146

1,559,514

Lloyds

Banking

Group

plc

(2)(a)

452,087

560,333

Man

Group

plc

(2)(a)

98,490

331,568

Marks

&

Spencer

Group

plc

(2)(a)

201,380

907,363

NatWest

Group

plc

(2)(a)

154,638

1,145,550

Next

plc

(2)(a)

727

122,826

Pearson

plc

(2)(a)

11,186

147,475

Rightmove

plc

(2)(a)

136,354

780,124

Rolls-Royce

Holdings

plc

(2)(a)

112,603

1,710,713

Rotork

plc

(2)(a)

11

46

RS

GROUP

plc

(2)(a)

974

7,293

Smith

&

Nephew

plc

(2)(a)

6,094

96,553

St

James's

Place

plc

(2)(a)

18,378

289,980

Standard

Chartered

plc

(2)(a)

106,104

2,211,192

TechnipFMC

plc

(a)

37,528

2,594,310

Tesco

plc

(2)(a)

48,587

305,371

Vodafone

Group

plc

(2)(a)

1,566,091

2,362,216

27,816,826

United

States

-

105

.1

%

3M

Co.

(a)

4,862

706,108

A

O

Smith

Corp.

(a)(c)

13,485

889,201

AbbVie,

Inc.

(a)

750

163,118

Abercrombie

&

Fitch

Co.,

Class

A

*(a)

8,813

805,244

Accenture

plc,

Class

A

(a)

11,389

2,258,325

Acerinox

SA

(2)(a)

26,947

376,749

Acuity,

Inc.

(a)

3,934

1,102,385

Adobe,

Inc.

*(a)

24,049

5,845,832

ADT,

Inc.

(a)

168,382

1,106,270

Advanced

Drainage

Systems,

Inc.

(a)

4,644

636,832

Advanced

Energy

Industries,

Inc.

(a)(c)

1,914

617,667

AECOM

(a)

11,616

985,269

Aegon

Ltd.

(2)(a)

40,464

295,922

AGCO

Corp.

(a)

9,485

1,099,027

Airbnb,

Inc.,

Class

A

*(a)

29,524

3,728,291

Albemarle

Corp.

(a)

12,507

2,245,382

Albertsons

Cos.,

Inc.,

Class

A

(a)(c)

15,334

261,291

Alcoa

Corp.

(a)

19,608

1,300,599

Align

Technology,

Inc.

*(a)(c)

2,829

484,975

Allison

Transmission

Holdings,

Inc.

(a)

10,860

1,271,272

Allstate

Corp.

(The)

(a)

4,813

997,927

Alnylam

Pharmaceuticals,

Inc.

*(a)

(c)

1,330

440,057

6

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

105.1%

(continued)

Altria

Group,

Inc.

(a)

73,283

4,835,945

Amdocs

Ltd.

(a)

15,961

1,041,615

Ameren

Corp.

(a)

1,210

133,003

American

Electric

Power

Co.,

Inc.

(a)

7,793

1,021,506

Ameriprise

Financial,

Inc.

(a)

7,966

3,540,090

Amkor

Technology,

Inc.

(a)

13,237

596,062

Amphenol

Corp.,

Class

A

(a)

18,309

2,313,342

Analog

Devices,

Inc.

(a)

2,456

781,352

Antero

Resources

Corp.

*(a)

15,887

674,244

AP

Moller

-

Maersk

A/S,

Class

B

(2)(a)

470

1,174,004

APA

Corp.

(a)

22,087

937,372

Appfolio,

Inc.,

Class

A

*(a)(c)

748

118,049

Applied

Industrial

Technologies,

Inc.

(a)

447

118,598

Applied

Materials,

Inc.

(a)

268

91,600

Aramark

(a)

19,681

797,868

Arch

Capital

Group

Ltd.

*(a)

4,847

465,264

Archer-Daniels-Midland

Co.

(a)(c)

9,409

683,940

Arista

Networks,

Inc.

*(a)

33,563

4,120,865

Arrow

Electronics,

Inc.

*(a)

4,531

649,791

ASGN,

Inc.

*(a)

17,790

688,651

Associated

Banc-Corp.

(a)(c)

12,729

329,172

Assurant,

Inc.

(a)

4,926

1,072,932

Assured

Guaranty

Ltd.

(a)

1,895

154,405

AT&T,

Inc.

(a)

69,166

2,005,122

ATI,

Inc.

*(a)

3,336

485,255

Atlassian

Corp.,

Class

A

*(a)(c)

38,141

2,603,123

Atmos

Energy

Corp.

(a)

1,435

265,073

Autodesk,

Inc.

*(a)

13,643

3,266,134

AutoNation,

Inc.

*(a)

3,231

630,885

Avery

Dennison

Corp.

(a)(c)

2,043

352,785

Avient

Corp.

(a)(c)

11,058

401,405

Avnet,

Inc.

(a)

37,248

2,295,222

Axis

Capital

Holdings

Ltd.

(a)

4,094

415,173

Bank

of

New

York

Mellon

Corp.

(The)

(a)

15,625

1,853,594

Bank

OZK

(a)(c)

22,557

1,035,141

Bath

&

Body

Works,

Inc.

15,001

280,069

Belden,

Inc.

(a)(c)

1,303

149,623

Best

Buy

Co.,

Inc.

(a)(c)

29,431

1,889,470

Biogen,

Inc.

*(a)(c)

11,411

2,091,979

BioMarin

Pharmaceutical,

Inc.

*(a)

27,450

1,550,651

Bio-Rad

Laboratories,

Inc.,

Class

A

*(a)(c)

2,637

735,064

Black

Hills

Corp.

(a)(c)

6,854

475,736

Bloom

Energy

Corp.,

Class

A

*(a)(c)

2,503

339,131

BOK

Financial

Corp.

(a)(c)

3,994

511,472

Booking

Holdings,

Inc.

(a)

1,469

6,184,961

Booz

Allen

Hamilton

Holding

Corp.,

Class

A

(a)(c)

8,090

631,263

BorgWarner,

Inc.

(a)

24,892

1,350,640

Boston

Beer

Co.,

Inc.

(The),

Class

A

*(a)

2,981

686,822

Brink's

Co.

(The)

(a)(c)

315

32,643

Bristol-Myers

Squibb

Co.

(a)

58,135

3,525,888

Builders

FirstSource,

Inc.

*(a)(c)

3,031

249,542

Buzzi

SpA

(2)(a)

14,884

752,490

Cabot

Corp.

(a)(c)

9,726

732,465

INVESTMENTS

SHARES

VALUE

($)

United

States

-

105.1%

(continued)

CACI

International,

Inc.,

Class

A

*(a)

1,159

630,345

Caesars

Entertainment,

Inc.

*(a)(c)

43,848

1,158,903

Capital

One

Financial

Corp.

(a)

3,935

717,862

Cardinal

Health,

Inc.

(a)

11,402

2,409,357

Carlisle

Cos.,

Inc.

(a)(c)

62

20,684

Carnival

Corp.

(a)

14,741

381,497

Carpenter

Technology

Corp.

(a)

1,696

668,478

Casey's

General

Stores,

Inc.

(a)

802

583,744

Cboe

Global

Markets,

Inc.

(a)(c)

5,502

1,546,447

CDW

Corp.

(a)(c)

2,657

321,550

Centene

Corp.

*(a)

146,561

4,798,407

CF

Industries

Holdings,

Inc.

(a)

1,220

158,405

CH

Robinson

Worldwide,

Inc.

(a)(c)

9,083

1,508,414

Charles

River

Laboratories

International,

Inc.

*(a)(c)

1,461

252,023

Chewy,

Inc.,

Class

A

*(a)(c)

61,197

1,652,319

Choice

Hotels

International,

Inc.

1

104

Chubb

Ltd.

(a)

2,514

819,388

Ciena

Corp.

*(a)

5,543

2,151,959

Cigna

Group

(The)

(a)(c)

5,578

1,487,932

Cincinnati

Financial

Corp.

(a)

1,660

261,201

Cintas

Corp.

(a)

3,636

614,993

Cirrus

Logic,

Inc.

*(a)

23,297

3,369,212

Citizens

Financial

Group,

Inc.

(a)

15,442

926,057

Clean

Harbors,

Inc.

*(a)

1,976

566,578

CNA

Financial

Corp.

(a)

12,333

566,331

CNO

Financial

Group,

Inc.

(a)

19,788

812,495

CNX

Resources

Corp.

*(a)(c)

20,626

795,132

Coca-Cola

Consolidated,

Inc.

(a)

6,841

1,311,693

Cognex

Corp.

(a)(c)

17,725

868,348

Cognizant

Technology

Solutions

Corp.,

Class

A

(a)

19,663

1,206,325

Colgate-Palmolive

Co.

(a)

7,700

656,271

Columbia

Sportswear

Co.

(a)

11,067

606,582

Comcast

Corp.,

Class

A

(a)

78,728

2,260,281

Comfort

Systems

USA,

Inc.

(a)

358

493,678

Commercial

Metals

Co.

(a)

16,283

1,000,265

Concentrix

Corp.

(a)

15,493

423,888

Consolidated

Edison,

Inc.

(a)(c)

9,621

1,088,905

Constellation

Brands,

Inc.,

Class

A

(a)(c)

6,099

914,850

Copart,

Inc.

*(a)(c)

10,460

347,272

Core

&

Main,

Inc.,

Class

A

*(a)(c)

5,532

273,281

Corebridge

Financial,

Inc.

(a)

14,574

347,736

Corteva,

Inc.

(a)

23,694

1,983,425

Crane

NXT

Co.

(a)(c)

3,414

138,574

Credit

Acceptance

Corp.

*

540

228,668

Credo

Technology

Group

Holding

Ltd.

*(a)

7,469

701,115

Crocs,

Inc.

*(a)(c)

14,226

1,181,043

Crown

Holdings,

Inc.

(a)

18,944

1,899,136

Cummins,

Inc.

(a)

1,725

928,085

Curtiss-Wright

Corp.

(a)

2,401

1,635,369

Danaher

Corp.

(a)

1,790

339,384

Darden

Restaurants,

Inc.

(a)

1,828

358,361

Darling

Ingredients,

Inc.

*(a)

9,034

558,753

Deckers

Outdoor

Corp.

*(a)

35,819

3,585,124

Dell

Technologies,

Inc.,

Class

C

(a)

7,141

1,172,052

Dexcom,

Inc.

*(a)(c)

11,907

747,760

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

7

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

105.1%

(continued)

Dillard's,

Inc.,

Class

A

(a)

1,632

933,684

Docusign,

Inc.,

Class

A

*(a)

8,780

416,260

Dolby

Laboratories,

Inc.,

Class

A

(a)

8,998

540,420

Dollar

General

Corp.

(a)

6,898

819,000

Dollar

Tree,

Inc.

*(a)(c)

9,453

1,035,198

Domino's

Pizza,

Inc.

(a)

6,891

2,472,422

Donaldson

Co.,

Inc.

(a)

7,768

659,270

Dover

Corp.

(a)

1,158

241,385

DraftKings,

Inc.,

Class

A

*(a)(c)

50,906

1,100,588

Dropbox,

Inc.,

Class

A

*(a)(c)

57,318

1,302,265

DuPont

de

Nemours,

Inc.

(a)(c)

40,391

1,849,908

DXC

Technology

Co.

*(a)(c)

56,404

708,998

Dynatrace,

Inc.

*(a)

11,143

412,068

Eagle

Materials,

Inc.

(a)(c)

2,279

431,757

East

West

Bancorp,

Inc.

(a)

986

105,265

eBay,

Inc.

(a)(c)

13,263

1,207,198

Edison

International

(a)

15,238

1,115,117

Edwards

Lifesciences

Corp.

*

4,128

330,570

Elastic

NV

*(a)

16,589

829,284

Element

Solutions,

Inc.

(a)(c)

40,273

1,374,920

Elevance

Health,

Inc.

(a)

623

182,383

EMCOR

Group,

Inc.

(a)

2,781

2,053,240

Encompass

Health

Corp.

(a)

1,021

98,761

EnerSys

(a)

3,084

535,752

Ensign

Group,

Inc.

(The)

1

202

Entergy

Corp.

(a)(c)

11,903

1,337,421

Envista

Holdings

Corp.

*(a)

34,474

874,605

EPAM

Systems,

Inc.

*(a)

2,390

323,606

EQT

Corp.

(a)(c)

5,286

336,401

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

(a)(c)

15,156

1,087,746

Etsy,

Inc.

*(a)(c)

49,077

2,452,868

Euronet

Worldwide,

Inc.

*(a)(c)

3,781

250,945

Evercore,

Inc.,

Class

A

(a)(c)

5,578

1,665,089

Everest

Group

Ltd.

(a)

3,073

1,004,410

Evergy,

Inc.

(a)(c)

6,170

505,446

Everpure,

Inc.,

Class

A

*(a)(c)

8,685

512,762

Eversource

Energy

(a)

15,368

1,064,695

Exelixis,

Inc.

*(a)(c)

68,831

2,952,162

Exelon

Corp.

(a)(c)

13,122

643,240

ExlService

Holdings,

Inc.

*(a)

15,986

486,774

Expand

Energy

Corp.

(a)(c)

18,431

2,023,355

Expedia

Group,

Inc.

(a)

25,561

5,901,780

Expeditors

International

of

Washington,

Inc.

(a)(c)

3,206

459,195

Exponent,

Inc.

(a)(c)

8,114

529,439

F5,

Inc.

*(a)(c)

3,278

948,424

FactSet

Research

Systems,

Inc.

(a)(c)

4,276

927,849

Fair

Isaac

Corp.

*(a)(c)

591

630,916

Fastenal

Co.

(a)(c)

4,897

227,221

Federated

Hermes,

Inc.,

Class

B

(a)(c)

32,984

1,870,523

FedEx

Corp.

(a)

4,544

1,618,482

Ferguson

Enterprises,

Inc.

(a)

844

196,871

Fidelity

National

Financial,

Inc.

(a)

13,543

628,124

Fidelity

National

Information

Services,

Inc.

(a)(c)

10,006

469,381

First

Hawaiian,

Inc.

(a)

11,382

280,452

FirstCash

Holdings,

Inc.

(a)

3,236

608,368

INVESTMENTS

SHARES

VALUE

($)

United

States

-

105.1%

(continued)

FirstEnergy

Corp.

(a)

5,239

265,408

Fiserv,

Inc.

*(a)(c)

6,508

363,146

Five

Below,

Inc.

*

4,549

1,039,356

Flex

Ltd.

*(a)(c)

4,630

303,080

Flowers

Foods,

Inc.

(a)(c)

61,184

498,650

Flowserve

Corp.

(a)(c)

17,274

1,269,812

Fluor

Corp.

*(a)

12,112

565,025

FNB

Corp.

(a)(c)

39,297

657,046

Fortinet,

Inc.

*(a)

34,136

2,789,594

Fortive

Corp.

(a)(c)

22,832

1,262,153

Fox

Corp.,

Class

A

(a)(c)

10,606

619,390

Franklin

Resources,

Inc.

(a)

11,963

282,566

Gap,

Inc.

(The)

(a)

33,883

819,969

Gates

Industrial

Corp.

plc

*(a)

27,383

619,130

GCI

Liberty,

Inc.,

Class

C

*(a)(c)

9,959

370,574

GE

Aerospace

(a)

5,755

1,633,096

GE

Vernova,

Inc.

(a)

3,497

3,052,531

Gen

Digital,

Inc.

(a)(c)

13,539

254,939

General

Dynamics

Corp.

(a)

5,283

1,813,231

General

Motors

Co.

(a)

32,441

2,416,855

Genpact

Ltd.

(a)

34,696

1,292,426

GLOBALFOUNDRIES,

Inc.

*(a)

22,892

1,018,236

Globe

Life,

Inc.

(a)

1,818

253,011

GoDaddy,

Inc.,

Class

A

*(a)

4,088

337,955

Graco,

Inc.

(a)

8,391

710,298

Graham

Holdings

Co.,

Class

B

(a)

1,110

1,173,559

Grand

Canyon

Education,

Inc.

*(a)

4,539

771,766

Greif,

Inc.,

Class

A

(a)(c)

3,273

219,520

GSK

plc

(2)(a)

15,411

424,503

Guidewire

Software,

Inc.

*(a)(c)

1,154

172,592

H&R

Block,

Inc.

(a)(c)

5,195

164,889

Haemonetics

Corp.

*(a)

5,782

325,874

Halliburton

Co.

10,356

403,780

Halozyme

Therapeutics,

Inc.

*(a)(c)

8,401

542,957

Hancock

Whitney

Corp.

(a)(c)

3,181

202,280

Hanover

Insurance

Group,

Inc.

(The)

(a)

3,846

666,704

Hartford

Insurance

Group,

Inc.

(The)

(a)

11,349

1,534,725

Hasbro,

Inc.

(a)

9,432

882,835

Hayward

Holdings,

Inc.

*(a)(c)

20,253

270,985

HealthEquity,

Inc.

*(a)

14,091

1,177,585

Hecla

Mining

Co.

(a)(c)

54,857

1,021,986

HEICO

Corp.

(a)(c)

1,379

378,122

Hexcel

Corp.

(a)(c)

6,720

543,850

HF

Sinclair

Corp.

(a)

11,315

705,943

Holcim

AG

(2)(a)

17,902

1,479,814

Honeywell

International,

Inc.

(a)

2,158

487,773

Houlihan

Lokey,

Inc.,

Class

A

(a)

3,089

443,642

Howmet

Aerospace,

Inc.

(a)(c)

8,256

1,902,678

HP,

Inc.

(a)(c)

90,263

1,733,952

HubSpot,

Inc.

*(a)

12,699

3,099,826

Huntington

Ingalls

Industries,

Inc.

(a)

1,295

491,971

IAC,

Inc.

*(a)(c)

37,551

1,503,167

IDEXX

Laboratories,

Inc.

*(a)

788

442,769

Illinois

Tool

Works,

Inc.

(a)

2,410

627,299

Illumina,

Inc.

*(a)(c)

16,052

1,978,570

Incyte

Corp.

*(a)(c)

21,574

2,030,545

Ingram

Micro

Holding

Corp.

(a)

9,976

232,541

8

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

105.1%

(continued)

Ingredion,

Inc.

(a)

7,151

805,632

Insmed,

Inc.

*(a)(c)

1,935

316,411

Insulet

Corp.

*(a)

9,960

2,090,006

InterContinental

Hotels

Group

plc

(2)(a)

1,942

256,101

International

Bancshares

Corp.

(a)

(c)

6,616

445,191

Intuit,

Inc.

(a)

229

99,015

Invesco

Ltd.

(a)

91,433

2,220,908

ITT,

Inc.

(a)

3,107

591,977

Jabil,

Inc.

(a)(c)

6,549

1,739,611

Jack

Henry

&

Associates,

Inc.

(a)

5,312

839,508

Jacobs

Solutions,

Inc.

1,950

248,196

Janus

Henderson

Group

plc

(a)

24,169

1,241,562

Jazz

Pharmaceuticals

plc

*(a)

6,279

1,187,045

JB

Hunt

Transport

Services,

Inc.

(a)

5,224

1,106,966

Jefferies

Financial

Group,

Inc.

(a)

12,018

495,983

Johnson

Controls

International

plc

(a)

10,775

1,410,986

Jones

Lang

LaSalle,

Inc.

*(a)

8,029

2,443,385

KB

Home

(a)(c)

8,286

428,801

KBR,

Inc.

(a)

8,164

300,925

Keurig

Dr

Pepper,

Inc.

(a)(c)

65,623

1,727,854

KeyCorp

(a)

4,449

89,202

Keysight

Technologies,

Inc.

*

389

109,842

KLA

Corp.

(a)

545

802,463

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

1,829

105,314

Kraft

Heinz

Co.

(The)

(a)(c)

25,116

564,859

Kroger

Co.

(The)

(a)

25,701

1,859,724

Kyndryl

Holdings,

Inc.

*(a)

62,189

815,920

L3Harris

Technologies,

Inc.

(a)(c)

4,297

1,483,110

Lam

Research

Corp.

(a)

13,123

2,803,860

Landstar

System,

Inc.

(a)

6,316

1,012,518

Lattice

Semiconductor

Corp.

*

1,285

119,197

Lear

Corp.

(a)

9,232

1,117,811

Leidos

Holdings,

Inc.

(a)(c)

5,379

836,542

Lennar

Corp.,

Class

A

(a)(c)

4,439

385,483

Lincoln

Electric

Holdings,

Inc.

(a)

1,116

277,973

Littelfuse,

Inc.

(a)

510

173,069

LivaNova

plc

*(a)

29,366

1,866,503

Lockheed

Martin

Corp.

3

1,813

Loews

Corp.

(a)(c)

8,217

877,083

Lucid

Group,

Inc.

*(a)(c)

45,697

435,492

Lumentum

Holdings,

Inc.

*(a)(c)

372

261,427

Lyft,

Inc.,

Class

A

*(a)(c)

153,049

2,035,552

M&T

Bank

Corp.

(a)(c)

3,796

784,709

Macy's,

Inc.

(a)

73,413

1,328,041

Manhattan

Associates,

Inc.

*(a)(c)

11,350

1,510,912

ManpowerGroup,

Inc.

(a)

24,072

709,161

Maplebear,

Inc.

*(a)(c)

32,830

1,229,812

Markel

Group,

Inc.

*(a)(c)

154

294,767

Marzetti

Co.

(The)

(a)

3,615

500,063

Masco

Corp.

(a)

4,846

292,553

Mastercard,

Inc.,

Class

A

(a)

5,984

2,989,965

Matador

Resources

Co.

2

126

Match

Group,

Inc.

(a)

26,488

813,446

Mattel,

Inc.

*(a)

18,923

274,951

Maximus,

Inc.

(a)(c)

3,733

239,285

McKesson

Corp.

(a)

5,738

4,965,436

INVESTMENTS

SHARES

VALUE

($)

United

States

-

105.1%

(continued)

Medpace

Holdings,

Inc.

*(a)(c)

9,675

4,645,838

Medtronic

plc

(a)(c)

8,648

749,349

Mettler-Toledo

International,

Inc.

*(a)

869

1,095,983

MGIC

Investment

Corp.

(a)

12,354

324,293

Micron

Technology,

Inc.

(a)

11,261

3,804,416

MKS,

Inc.

(a)

3,509

806,403

Mohawk

Industries,

Inc.

*(a)(c)

10,118

996,218

Molson

Coors

Beverage

Co.,

Class

B

(a)(c)

80,183

3,452,680

MongoDB,

Inc.,

Class

A

*(a)(c)

5,653

1,383,685

Monster

Beverage

Corp.

*(a)(c)

19,121

1,385,508

Moody's

Corp.

(a)(c)

2,360

1,029,550

Morningstar,

Inc.

(a)

7,457

1,260,606

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

(a)

6,887

635,463

MSCI,

Inc.,

Class

A

(a)

3,532

1,903,783

Mueller

Industries,

Inc.

(a)(c)

7,475

828,230

Murphy

Oil

Corp.

(a)(c)

9,892

408,045

Murphy

USA,

Inc.

(a)

2,525

1,247,274

Natera,

Inc.

*(a)(c)

4,066

813,159

National

Fuel

Gas

Co.

(a)

8,816

828,351

NetApp,

Inc.

(a)

24,646

2,523,504

Neurocrine

Biosciences,

Inc.

*(a)

14,586

1,921,560

New

York

Times

Co.

(The),

Class

A

(a)

38,362

3,212,050

NewMarket

Corp.

(a)(c)

184

117,935

Newmont

Corp.

(a)

7,139

772,797

Nexstar

Media

Group,

Inc.,

Class

A

(a)

3,577

646,829

Northern

Trust

Corp.

(a)

12,733

1,777,145

NOV,

Inc.

(a)(c)

84,660

1,592,455

Novartis

AG

(Registered)

(2)(a)

10,725

1,646,228

Nutanix,

Inc.,

Class

A

*(a)

74,118

2,817,225

NVIDIA

Corp.

(a)

13,943

2,431,659

OGE

Energy

Corp.

(a)

2,142

102,730

Old

Republic

International

Corp.

(a)

20,723

826,848

ONE

Gas,

Inc.

(a)(c)

334

28,767

Onto

Innovation,

Inc.

*(a)

2,465

505,498

Oshkosh

Corp.

(a)(c)

9,335

1,374,205

Otis

Worldwide

Corp.

(a)(c)

18,657

1,438,082

Ovintiv,

Inc.

(a)

2,461

146,085

Owens

Corning

(a)

3,757

406,583

PBF

Energy,

Inc.,

Class

A

(a)

8,291

394,817

Pegasystems,

Inc.

(a)

66,390

2,825,558

Penn

Entertainment,

Inc.

*(a)

31,885

479,232

Penske

Automotive

Group,

Inc.

(a)

(c)

3,559

532,142

Pentair

plc

(a)

3,644

317,429

PepsiCo,

Inc.

(a)

12,348

1,917,521

Permian

Resources

Corp.,

Class

A

(a)

5,106

108,860

Pfizer,

Inc.

(a)

37,008

1,039,185

PG&E

Corp.

(a)

85,304

1,498,791

Philip

Morris

International,

Inc.

(a)

4,200

694,428

Phillips

66

(a)

2,492

453,993

Pilgrim's

Pride

Corp.

(a)

14,143

534,040

Pinnacle

Financial

Partners,

Inc.

(a)

7,610

655,525

Pinnacle

West

Capital

Corp.

(a)(c)

5,431

547,173

Pinterest,

Inc.,

Class

A

*(a)(c)

45,089

826,932

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

9

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

105.1%

(continued)

PNC

Financial

Services

Group,

Inc.

(The)

(a)

5,524

1,149,489

Polaris,

Inc.

(a)

20,652

1,125,534

Popular,

Inc.

(a)

11,140

1,494,654

Portland

General

Electric

Co.

(a)

17,919

945,586

Post

Holdings,

Inc.

*(a)(c)

2,942

290,846

PPG

Industries,

Inc.

(a)(c)

12,520

1,338,138

Principal

Financial

Group,

Inc.

3,093

278,710

Procore

Technologies,

Inc.

*(a)(c)

15,585

888,345

PulteGroup,

Inc.

(a)

7,799

917,240

PVH

Corp.

(a)(c)

13,740

958,502

QUALCOMM,

Inc.

(a)

4,257

548,216

Qualys,

Inc.

*(a)(c)

25,375

2,229,194

Ralliant

Corp.

(a)

1,812

75,361

Ralph

Lauren

Corp.,

Class

A

(a)

3,307

1,137,575

Rambus,

Inc.

*(a)

4,669

401,674

Raymond

James

Financial,

Inc.

(a)

4,390

635,628

Regeneron

Pharmaceuticals,

Inc.

(a)

2,186

1,688,991

Regions

Financial

Corp.

(a)(c)

38,761

1,012,437

Reinsurance

Group

of

America,

Inc.

(a)

3,822

780,300

Reliance,

Inc.

(a)(c)

1,271

386,282

RenaissanceRe

Holdings

Ltd.

(a)

577

171,502

ResMed,

Inc.

(a)(c)

6,293

1,412,653

Reynolds

Consumer

Products,

Inc.

(a)

5,519

116,892

RingCentral,

Inc.,

Class

A

(a)

32,625

1,213,324

Rivian

Automotive,

Inc.,

Class

A

*(a)(c)

114,379

1,721,404

ROBLOX

Corp.,

Class

A

*(a)(c)

22,713

1,284,647

Roche

Holding

AG

(2)(a)

2,663

1,062,779

Rockwell

Automation,

Inc.

1,888

677,565

Roivant

Sciences

Ltd.

*

2,206

61,106

Roku,

Inc.,

Class

A

*(a)(c)

18,791

1,778,004

Ross

Stores,

Inc.

(a)

475

102,899

Royal

Gold,

Inc.

(a)

1,710

435,178

Royalty

Pharma

plc,

Class

A

(a)(c)

14,506

695,853

RPM

International,

Inc.

(a)

3,299

327,921

Rubrik,

Inc.,

Class

A

*(a)(c)

15,986

782,834

Ryder

System,

Inc.

(a)

4,679

957,838

S&P

Global,

Inc.

(a)

2,073

881,730

Sandisk

Corp.

*(a)

2,402

1,526,087

Sanofi

SA

(2)(a)

24,910

2,405,554

Schneider

National,

Inc.,

Class

B

(a)

33,778

890,388

Science

Applications

International

Corp.

(a)

3,057

290,170

Seagate

Technology

Holdings

plc

(a)

3,230

1,265,385

SEI

Investments

Co.

(a)(c)

15,447

1,212,126

Selective

Insurance

Group,

Inc.

(a)

7,545

568,818

Sensata

Technologies

Holding

plc

(a)(c)

16,521

581,870

ServiceNow,

Inc.

*(a)

36,719

3,838,971

Shell

plc

(2)(a)

46,821

2,168,517

Signify

NV

(2)(a)(b)

44,446

946,664

SiteOne

Landscape

Supply,

Inc.

*(a)

4,105

546,417

Skyworks

Solutions,

Inc.

(a)(c)

33,037

1,769,131

INVESTMENTS

SHARES

VALUE

($)

United

States

-

105.1%

(continued)

Smithfield

Foods,

Inc.

(a)

10,162

284,231

Smurfit

Westrock

plc

(a)(c)

37,335

1,487,800

Snap-on,

Inc.

(a)

1,873

680,311

Snowflake,

Inc.,

Class

A

*(a)(c)

13,454

2,029,132

Solventum

Corp.

*(a)(c)

13,488

880,766

Sotera

Health

Co.

*(a)

5,112

73,306

Southwest

Airlines

Co.

(a)

13,563

509,562

Spire,

Inc.

(a)(c)

4,380

396,565

Sprouts

Farmers

Market,

Inc.

*(a)(c)

3,581

276,203

SS&C

Technologies

Holdings,

Inc.

(a)(c)

20,686

1,397,753

StandardAero,

Inc.

*(a)(c)

10,653

275,167

Stanley

Black

&

Decker,

Inc.

(a)(c)

17,249

1,225,714

State

Street

Corp.

6,666

843,649

Steel

Dynamics,

Inc.

(a)

5,395

971,100

STERIS

plc

(a)(c)

2,491

550,835

Sterling

Infrastructure,

Inc.

*(a)(c)

3,238

1,318,740

Stifel

Financial

Corp.

(a)

14,182

1,048,333

Swiss

Re

AG

(2)(a)

2,448

411,208

Synaptics,

Inc.

*(a)(c)

105

7,354

Synchrony

Financial

(a)

28,512

1,939,386

T.

Rowe

Price

Group,

Inc.

(a)(c)

18,457

1,663,714

Talen

Energy

Corp.

*(a)

277

88,427

Tapestry,

Inc.

(a)

11,555

1,630,526

Target

Corp.

(a)

6,603

800,284

Taylor

Morrison

Home

Corp.,

Class

A

*(a)

10,422

606,977

TD

SYNNEX

Corp.

(a)

7,737

1,305,309

Tenaris

SA

(2)(a)

34,263

1,001,587

Tenet

Healthcare

Corp.

*(a)

5,326

1,005,069

Teradata

Corp.

*(a)(c)

67,486

1,729,666

Teradyne,

Inc.

(a)

2,337

692,827

Terex

Corp.

(a)(c)

9,689

572,620

Tetra

Tech,

Inc.

(a)(c)

32,952

992,514

Texas

Roadhouse,

Inc.,

Class

A

(a)

4,320

713,405

Textron,

Inc.

(a)(c)

23,273

2,037,784

Thor

Industries,

Inc.

(a)

3,649

291,519

Timken

Co.

(The)

(a)(c)

7,048

708,817

T-Mobile

US,

Inc.

(a)

3,601

756,318

Toll

Brothers,

Inc.

(a)

5,094

695,178

Toro

Co.

(The)

(a)

10,966

1,024,663

Tradeweb

Markets,

Inc.,

Class

A

(a)

9,928

1,168,128

Trane

Technologies

plc

(a)(c)

2,473

1,030,598

Travel

+

Leisure

Co.

(a)

15,763

1,090,642

Travelers

Cos.,

Inc.

(The)

(a)

3,381

986,170

Trimble,

Inc.

*(a)(c)

2,409

157,139

Truist

Financial

Corp.

(a)(c)

7,843

360,543

Tyson

Foods,

Inc.,

Class

A

(a)

16,997

1,088,998

Uber

Technologies,

Inc.

*(a)(c)

14,551

1,046,653

Ubiquiti,

Inc.

(a)

1,727

1,364,831

UFP

Industries,

Inc.

(a)(c)

10,429

960,719

UGI

Corp.

(a)(c)

12,275

447,056

UiPath,

Inc.,

Class

A

*(a)(c)

113,820

1,263,402

UL

Solutions,

Inc.,

Class

A

14

1,200

Ulta

Beauty,

Inc.

*

2,527

1,320,888

United

Bankshares,

Inc.

(a)

29,622

1,226,943

United

Therapeutics

Corp.

*(a)

2,242

1,329,461

Universal

Health

Services,

Inc.,

Class

B

(a)

3,326

595,254

Unum

Group

(a)

11,989

875,557

10

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

105.1%

(continued)

US

Bancorp

(a)

13,746

714,929

US

Foods

Holding

Corp.

*(a)(c)

8,913

821,868

Valero

Energy

Corp.

(a)

4,365

1,078,504

Valley

National

Bancorp

(a)(c)

72,753

893,407

Valmont

Industries,

Inc.

(a)

886

354,019

Veeva

Systems,

Inc.,

Class

A

*(a)

16,998

2,985,869

Veralto

Corp.

(a)

8,081

714,522

VeriSign,

Inc.

(a)

12,677

3,148,460

Verisk

Analytics,

Inc.,

Class

A

(a)

1,549

293,923

Verizon

Communications,

Inc.

(a)

41,599

2,088,270

Versant

Media

Group,

Inc.

*(a)

43,318

1,603,632

Vertiv

Holdings

Co.,

Class

A

(a)

9,160

2,295,313

Viatris,

Inc.

(a)

137,472

1,857,247

Viking

Holdings

Ltd.

*(a)

12,814

941,573

Visa,

Inc.,

Class

A

(a)

4,192

1,266,990

Vontier

Corp.

(a)

5,643

200,157

Voya

Financial,

Inc.

(a)(c)

6,716

458,837

Warner

Music

Group

Corp.,

Class

A

10,019

255,885

Watts

Water

Technologies,

Inc.,

Class

A

(a)

2,585

750,400

Wayfair,

Inc.,

Class

A

*(a)

11,610

873,188

WESCO

International,

Inc.

(a)(c)

2,813

769,693

Western

Digital

Corp.

(a)(c)

10,341

2,797,137

Western

Union

Co.

(The)

(a)(c)

69,016

602,510

Westinghouse

Air

Brake

Technologies

Corp.

(a)

1,734

433,344

Willis

Towers

Watson

plc

(a)

5,685

1,652,630

Woodward,

Inc.

(a)

2,719

973,184

XPO,

Inc.

*

313

60,894

YETI

Holdings,

Inc.

*(a)(c)

19,765

723,201

Yum!

Brands,

Inc.

(a)(c)

3,055

474,991

Zebra

Technologies

Corp.,

Class

A

*(a)(c)

7,440

1,555,555

Zimmer

Biomet

Holdings,

Inc.

(a)

7,376

666,938

Zions

Bancorp

NA

(a)

16,587

955,743

Zoetis,

Inc.,

Class

A

(a)

3,411

403,214

Zoom

Communications,

Inc.,

Class

A

*(a)

31,408

2,524,889

Zscaler,

Inc.

*(a)(c)

11,735

1,646,303

514,022,560

TOTAL

COMMON

STOCKS

(Cost

$649,044,506)

827,278,242

PREFERRED

STOCKS

-

0.0%

†

Germany

-

0

.0

%

†

Henkel

AG

&

Co.

KGaA

(Preference)

(2)(a)

(Cost

$71,398)

1,189

91,849

NO.

OF

RIGHTS

RIGHTS

-

0.0%

†

Italy

-

0

.0

%

†

Telecom

Italia

SpA,

expiring

4/1/2026

(2)*

89,178

1

INVESTMENTS

NO.

OF

RIGHTS

VALUE

($)

United

States

-

0

.0

%

Walgreens

Boots

Alliance,

Inc.,

CVR

(3)*

1

–

TOTAL

RIGHTS

(Cost

$1)

1

NO.

OF

WARRANTS

WARRANTS

-

0.0%

Canada

-

0

.0

%

Constellation

Software,

Inc.,

expiring

3/31/2040

(3)*

(Cost

$–)

65

–

SHARES

SHORT-TERM

INVESTMENTS

-

53.0%

INVESTMENT

COMPANIES

-

37

.1

%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(d)(e)

4,908,473

4,908,473

Limited

Purpose

Cash

Investment

Fund,

3.65%

(d)

176,867,715

176,867,715

TOTAL

INVESTMENT

COMPANIES

(Cost

$181,753,376)

181,776,188

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

15

.9

%

U.S.

Treasury

Bills

3.78%,

4/2/2026

(2)(f)

$

127,000

126,987

3.75%,

4/16/2026

(2)(f)

1,443,000

1,440,820

3.77%,

5/7/2026

(2)(f)

5,088,000

5,069,467

3.76%,

5/14/2026

(2)(f)

186,000

185,191

3.78%,

5/21/2026

(2)(f)

790,000

786,019

3.70%,

6/4/2026

(2)(f)

1,647,000

1,636,419

3.56%,

7/2/2026

(2)(f)

5,399,000

5,349,284

3.58%,

7/23/2026

(2)(f)(g)

9,000,000

8,898,535

3.59%,

7/30/2026

(2)(f)(g)

1,022,000

1,009,706

3.59%,

8/6/2026

(2)(f)

1,108,000

1,093,968

3.56%,

8/20/2026

(2)(f)(g)

6,000,000

5,915,377

3.59%,

8/27/2026

(2)(f)

4,735,000

4,665,019

3.64%,

9/17/2026

(2)(f)(g)

5,364,000

5,273,517

3.70%,

9/24/2026

(2)(f)(g)

21,051,000

20,683,138

3.67%,

10/1/2026

(2)(f)

15,702,000

15,415,453

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$77,551,357)

77,548,900

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$259,304,733)

259,325,088

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

11

(Continued)

INVESTMENTS

NO.

OF

CONTRACTS

VALUE

($)

PURCHASED

OPTIONS

-

0.3%

Put

Option

s

-

0

.3

%

Over-the-Counter

Equity

Index

Options

-

0

.3

%

S&P

500

Index

JPMC

Exercise

Price:

USD

6,500

Notional

Amount:

USD

43,088,232

Expiration

Date:

6/18/2026

(2)

66

1,469,123

NOTIONAL

AMOUNT

Interest

Rate

Swaptions

-

0

.0

%

†

2-Year

Interest

Rate

Swap,

Pays

SOFR

Quarterly,

Receives

3.23%

Quarterly

JPMC

Exercise

Rate:

3.23%

Expiration

Date:

6/17/2026

(2)

$

65,691,444

122,260

TOTAL

PURCHASED

OPTIONS

(Cost

$1,464,426)

1,591,383

TOTAL

LONG

POSITIONS

(Cost

$909,885,064)

1,088,286,563

SHARES

SHORT

POSITIONS

-

(163.1)%

COMMON

STOCKS

-

(162.6)%

Australia

-

(

5

.3

)

%

ALS

Ltd.

(2)

(

12,724

)

(

186,783

)

Ampol

Ltd.

(2)

(

6,176

)

(

143,243

)

APA

Group

(2)

(

165,786

)

(

1,142,051

)

CAR

Group

Ltd.

(2)

(

54,783

)

(

874,521

)

Cleanaway

Waste

Management

Ltd.

(2)

(

30,943

)

(

49,001

)

Cochlear

Ltd.

(2)

(

8,217

)

(

966,900

)

Coles

Group

Ltd.

(2)

(

6,938

)

(

105,213

)

Commonwealth

Bank

of

Australia

(2)

(

28,271

)

(

3,310,728

)

Computershare

Ltd.

(2)

(

14,159

)

(

279,250

)

CSL

Ltd.

(2)

(

13,317

)

(

1,307,982

)

Endeavour

Group

Ltd.

(2)

(

167,963

)

(

380,204

)

Glencore

plc

(2)

(

19,397

)

(

146,910

)

IDP

Education

Ltd.

(2)

(

36,116

)

(

103,404

)

IGO

Ltd.

(2)

(

40,838

)

(

227,992

)

Insurance

Australia

Group

Ltd.

(

179,827

)

(

910,686

)

Lynas

Rare

Earths

Ltd.

(2)

(

13,035

)

(

176,982

)

Macquarie

Group

Ltd.

(2)

(

16,864

)

(

2,395,646

)

Mineral

Resources

Ltd.

(2)

(

10,812

)

(

415,320

)

National

Australia

Bank

Ltd.

(2)

(

4,165

)

(

120,475

)

NEXTDC

Ltd.

(2)

(

207,557

)

(

1,659,414

)

Northern

Star

Resources

Ltd.

(2)

(

40,582

)

(

589,932

)

Qantas

Airways

Ltd.

(2)

(

217,070

)

(

1,275,124

)

Ramsay

Health

Care

Ltd.

(2)

(

33,879

)

(

921,470

)

Rio

Tinto

plc

(2)

(

32,687

)

(

3,032,495

)

SEEK

Ltd.

(2)

(

4,870

)

(

47,856

)

SGH

Ltd.

(2)

(

21,582

)

(

614,029

)

Sonic

Healthcare

Ltd.

(2)

(

49,566

)

(

704,273

)

Telix

Pharmaceuticals

Ltd.

(2)

(

92,085

)

(

881,622

)

INVESTMENTS

SHARES

VALUE

($)

Australia

-

(5.3)%

(continued)

Transurban

Group

(2)

(

24,292

)

(

236,965

)

Treasury

Wine

Estates

Ltd.

(2)

(

155,415

)

(

401,089

)

Whitehaven

Coal

Ltd.

(2)

(

81,316

)

(

524,687

)

WiseTech

Global

Ltd.

(2)

(

45,807

)

(

1,235,899

)

Woodside

Energy

Group

Ltd.

(2)

(

12,076

)

(

286,654

)

Woolworths

Group

Ltd.

(2)

(

14,158

)

(

357,521

)

(26,012,321)

Belgium

-

(

0

.3

)

%

Anheuser-Busch

InBev

SA/NV

(2)

(

5,898

)

(

408,060

)

D'ieteren

Group

(2)

(

3,380

)

(

625,817

)

Elia

Group

SA/NV

(2)

(

797

)

(

122,419

)

Financiere

de

Tubize

SA

(2)

(

535

)

(

132,715

)

Lotus

Bakeries

NV

(2)

(

33

)

(

372,595

)

(1,661,606)

Brazil

-

(

0

.2

)

%

MercadoLibre,

Inc.

(

657

)

(

1,135,966

)

Canada

-

(

6

.8

)

%

Alamos

Gold,

Inc.,

Class

A

(

8,965

)

(

398,853

)

Alimentation

Couche-Tard,

Inc.

(

7,218

)

(

409,129

)

BCE,

Inc.

(

20,673

)

(

521,618

)

Brookfield

Asset

Management

Ltd.,

Class

A

(

37,624

)

(

1,672,809

)

Brookfield

Corp.,

Class

A

(

92,952

)

(

3,766,590

)

CAE,

Inc.

(

7,220

)

(

187,987

)

Cameco

Corp.

(

5,896

)

(

641,181

)

Canadian

National

Railway

Co.

(

5,302

)

(

545,712

)

Canadian

Pacific

Kansas

City

Ltd.

(

19,869

)

(

1,563,554

)

Canadian

Utilities

Ltd.,

Class

A

(

12,011

)

(

421,866

)

Capstone

Copper

Corp.

(

90,799

)

(

684,697

)

Celestica,

Inc.

(

6

)

(

1,693

)

Colliers

International

Group,

Inc.

(

2,129

)

(

227,623

)

Constellation

Software,

Inc.

(

858

)

(

1,506,166

)

Descartes

Systems

Group,

Inc.

(The)

(

3,361

)

(

240,738

)

Dollarama,

Inc.

(

6,284

)

(

771,237

)

Element

Fleet

Management

Corp.

(

3,999

)

(

86,730

)

Enbridge,

Inc.

(

49,747

)

(

2,696,729

)

FirstService

Corp.

(

1,443

)

(

200,740

)

Franco-Nevada

Corp.

(

1,859

)

(

460,307

)

Gildan

Activewear,

Inc.

(

2,377

)

(

132,375

)

Intact

Financial

Corp.

(

1,488

)

(

269,639

)

Keyera

Corp.

(

50,650

)

(

1,959,224

)

Lumine

Group,

Inc.

(h)

(

225

)

(

3,584

)

Metro,

Inc.,

Class

A

(

9,360

)

(

640,418

)

National

Bank

of

Canada

(

13,815

)

(

1,787,677

)

NexGen

Energy

Ltd.

(

25,713

)

(

298,331

)

Nutrien

Ltd.

(

8,337

)

(

629,335

)

Pembina

Pipeline

Corp.

(

25,899

)

(

1,159,320

)

RB

Global,

Inc.

(

16,341

)

(

1,567,143

)

Restaurant

Brands

International,

Inc.

(

11,645

)

(

861,718

)

Rogers

Communications,

Inc.,

Class

B

(

32,406

)

(

1,246,295

)

Shopify,

Inc.,

Class

A

(

30,414

)

(

3,608,751

)

TC

Energy

Corp.

(

8,557

)

(

535,835

)

Thomson

Reuters

Corp.

(

12,644

)

(

1,141,241

)

Triple

Flag

Precious

Metals

Corp.

(

813

)

(

28,228

)

12

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Canada

-

(6.8)%

(continued)

WSP

Global,

Inc.

(

2,335

)

(

363,401

)

(33,238,474)

Chile

-

(

0

.0

)

%

†

Lundin

Mining

Corp.

(

9,374

)

(

233,760

)

Congo,

Democratic

Republic

of

the

-

(

0

.3

)

%

Ivanhoe

Mines

Ltd.,

Class

A

(

146,567

)

(

1,252,736

)

Denmark

-

(

1

.4

)

%

AL

Sydbank

(2)

(

1

)

(

80

)

Ambu

A/S,

Class

B

(2)

(

12,034

)

(

128,611

)

Carlsberg

A/S,

Class

B

(

5,619

)

(

698,073

)

Coloplast

A/S,

Class

B

(2)

(

4,404

)

(

299,996

)

Demant

A/S

(2)

(

14,628

)

(

443,280

)

DSV

A/S

(2)

(

9,995

)

(

2,413,876

)

GN

Store

Nord

A/S

(2)

(

9,328

)

(

149,206

)

NKT

A/S

(2)

(

1,389

)

(

180,821

)

Novo

Nordisk

A/S,

Class

B

(2)

(

41,395

)

(

1,514,829

)

Novonesis

Novozymes,

Class

B

(2)

(

11,756

)

(

698,438

)

Orsted

A/S

(2)(b)

(

3,611

)

(

89,549

)

(6,616,759)

Finland

-

(

0

.6

)

%

Konecranes

OYJ

(2)

(

2,403

)

(

78,868

)

Neste

OYJ

(2)

(

10,729

)

(

348,666

)

Nordea

Bank

Abp

(2)

(

32,751

)

(

563,945

)

Stora

Enso

OYJ,

Class

R

(2)

(

40,698

)

(

477,913

)

UPM-Kymmene

OYJ

(2)

(

39,672

)

(

1,241,724

)

(2,711,116)

France

-

(

4

.4

)

%

Accor

SA

(2)

(

18,113

)

(

868,757

)

Aeroports

de

Paris

SA

(2)

(

894

)

(

109,217

)

Air

France-KLM

(2)

(

47,135

)

(

477,729

)

Air

Liquide

SA

(2)

(

5,574

)

(

1,152,137

)

Airbus

SE

(2)

(

3,146

)

(

594,824

)

Alstom

SA

(2)

(

13,431

)

(

384,103

)

AXA

SA

(2)

(

20,401

)

(

937,458

)

BioMerieux

(2)

(

1,184

)

(

126,491

)

Cie

Generale

des

Etablissements

Michelin

SCA

(2)

(

44,536

)

(

1,525,754

)

Danone

SA

(2)

(

2,045

)

(

163,410

)

Dassault

Systemes

SE

(2)

(

22,736

)

(

460,273

)

Edenred

SE

(2)

(

14,755

)

(

293,904

)

EssilorLuxottica

SA

(2)

(

12,957

)

(

3,019,307

)

FDJ

UNITED

(2)

(

2,144

)

(

63,096

)

Getlink

SE

(2)

(

17,217

)

(

371,523

)

Hermes

International

SCA

(2)

(

362

)

(

685,755

)

Kering

SA

(2)

(

2,457

)

(

746,101

)

Legrand

SA

(2)

(

12,746

)

(

1,980,151

)

L'Oreal

SA

(2)

(

2,989

)

(

1,220,380

)

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(2)

(

1,107

)

(

605,141

)

Pernod

Ricard

SA

(2)

(

37,984

)

(

2,824,562

)

Publicis

Groupe

SA

(2)

(

4,723

)

(

390,920

)

Remy

Cointreau

SA

(2)

(

7,192

)

(

311,002

)

Renault

SA

(2)

(

14,455

)

(

495,574

)

Sartorius

Stedim

Biotech

(2)

(

3,063

)

(

596,557

)

SCOR

SE

(2)

(

3,404

)

(

121,660

)

SPIE

SA

(2)

(

13,271

)

(

664,554

)

INVESTMENTS

SHARES

VALUE

($)

France

-

(4.4)%

(continued)

Teleperformance

SE

(2)

(

722

)

(

42,427

)

Thales

SA

(2)

(

719

)

(

210,843

)

Valeo

SE

(2)

(

8,657

)

(

106,012

)

(21,549,622)

Germany

-

(

4

.5

)

%

adidas

AG

(2)

(

2,856

)

(

462,263

)

Auto1

Group

SE

(2)(h)

(

13,175

)

(

234,568

)

BASF

SE

(2)

(

54,803

)

(

3,375,338

)

Bayer

AG

(Registered)

(2)

(

6,437

)

(

297,893

)

Beiersdorf

AG

(2)

(

3,118

)

(

280,269

)

Carl

Zeiss

Meditec

AG

(2)

(

3,839

)

(

110,344

)

Daimler

Truck

Holding

AG

(2)

(

2,774

)

(

136,608

)

Deutsche

Telekom

AG

(Registered)

(2)

(

40,167

)

(

1,499,164

)

Hensoldt

AG

(2)

(

8,526

)

(

756,686

)

Infineon

Technologies

AG

(2)

(

37,459

)

(

1,699,370

)

K+S

AG

(Registered)

(2)

(

2

)

(

38

)

LANXESS

AG

(2)

(

6,536

)

(

144,505

)

LEG

Immobilien

SE

(2)

(

3,479

)

(

227,254

)

Mercedes-Benz

Group

AG

(2)

(

13,597

)

(

835,711

)

Merck

KGaA

(2)

(

4,932

)

(

626,629

)

MTU

Aero

Engines

AG

(2)

(

4,028

)

(

1,469,491

)

Nemetschek

SE

(2)

(

5,832

)

(

436,584

)

Puma

SE

(2)

(

5,342

)

(

138,539

)

Rational

AG

(2)

(

165

)

(

121,052

)

RENK

Group

AG

(2)

(

14,465

)

(

864,598

)

Rheinmetall

AG

(2)

(

681

)

(

1,148,701

)

RWE

AG

(2)

(

2,639

)

(

177,549

)

SAP

SE

(2)

(

16,870

)

(

2,876,042

)

Schaeffler

AG

(2)

(

7

)

(

58

)

Scout24

SE

(2)(b)

(

2,066

)

(

159,409

)

Siemens

AG

(Registered)

(2)

(

7,249

)

(

1,766,104

)

Siemens

Healthineers

AG

(2)(b)

(

21,567

)

(

920,179

)

Symrise

AG,

Class

A

(2)

(

9,863

)

(

842,219

)

TeamViewer

SE

(2)(b)

(

21,906

)

(

113,556

)

Vonovia

SE

(2)

(

11,953

)

(

298,974

)

Wacker

Chemie

AG

(2)

(

1,446

)

(

143,149

)

(22,162,844)

Hong

Kong

-

(

0

.1

)

%

Prudential

plc

(2)

(

41,651

)

(

579,079

)

Italy

-

(

3

.0

)

%

Amplifon

SpA

(2)

(

6,675

)

(

73,644

)

Banca

Monte

dei

Paschi

di

Siena

SpA

(2)

(

114,742

)

(

1,001,185

)

Brunello

Cucinelli

SpA

(2)

(

7,463

)

(

652,223

)

DiaSorin

SpA

(2)

(

9,078

)

(

636,031

)

Enel

SpA

(2)

(

157,894

)

(

1,726,228

)

ERG

SpA

(2)

(

13,446

)

(

343,295

)

Ferrari

NV

(2)

(

7,548

)

(

2,561,066

)

Fincantieri

SpA

(2)

(

30,709

)

(

473,854

)

FinecoBank

Banca

Fineco

SpA

(2)

(

68,624

)

(

1,526,797

)

Infrastrutture

Wireless

Italiane

SpA

(2)(b)

(

59,484

)

(

474,700

)

Interpump

Group

SpA

(2)

(

4,079

)

(

155,739

)

Intesa

Sanpaolo

SpA

(2)

(

297,522

)

(

1,799,379

)

Moncler

SpA

(2)

(

5,198

)

(

312,964

)

Nexi

SpA

(2)(b)

(

52,179

)

(

194,362

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

13

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Italy

-

(3.0)%

(continued)

Prysmian

SpA

(2)

(

10,649

)

(

1,257,552

)

Snam

SpA

(2)

(

170,616

)

(

1,292,490

)

Technoprobe

SpA

(2)

(

3,434

)

(

57,549

)

Terna

-

Rete

Elettrica

Nazionale

(2)

(

7,730

)

(

88,411

)

(14,627,469)

Japan

-

(

17

.0

)

%

Ajinomoto

Co.,

Inc.

(2)

(

47,800

)

(

1,351,365

)

Asahi

Intecc

Co.

Ltd.

(2)

(

9,300

)

(

198,593

)

Capcom

Co.

Ltd.

(2)

(

23,900

)

(

505,053

)

Chiba

Bank

Ltd.

(The)

(2)

(

102,600

)

(

1,328,112

)

Chugai

Pharmaceutical

Co.

Ltd.

(2)

(

13,200

)

(

727,960

)

Concordia

Financial

Group

Ltd.

(2)

(

40,000

)

(

357,048

)

Daikin

Industries

Ltd.

(2)

(

6,200

)

(

743,671

)

Denso

Corp.

(2)

(

57,900

)

(

725,955

)

Dentsu

Group,

Inc.

(2)

(

12,800

)

(

219,996

)

Disco

Corp.

(2)

(

3,200

)

(

1,304,267

)

East

Japan

Railway

Co.

(2)

(

16,300

)

(

372,805

)

Ebara

Corp.

(2)

(

23,000

)

(

651,087

)

Eisai

Co.

Ltd.

(2)

(

25,900

)

(

810,847

)

Fast

Retailing

Co.

Ltd.

(2)

(

400

)

(

158,043

)

FUJIFILM

Holdings

Corp.

(2)

(

65,500

)

(

1,248,145

)

Fujikura

Ltd.

(2)

(

9,000

)

(

247,518

)

Furukawa

Electric

Co.

Ltd.

(2)

(

900

)

(

172,782

)

Hankyu

Hanshin

Holdings,

Inc.

(2)

(

15,500

)

(

448,183

)

Hikari

Tsushin,

Inc.

(2)

(

3,600

)

(

915,880

)

Hoshizaki

Corp.

(2)

(

10,600

)

(

341,237

)

Hoya

Corp.

(2)

(

5,900

)

(

1,022,827

)

Hulic

Co.

Ltd.

(2)

(

30,300

)

(

353,194

)

IHI

Corp.

(2)

(

54,900

)

(

1,132,752

)

Isuzu

Motors

Ltd.

(2)

(

17,300

)

(

249,133

)

Iyogin

Holdings,

Inc.

(2)

(

100

)

(

1,848

)

Kandenko

Co.

Ltd.

(2)

(

10,200

)

(

387,392

)

KDDI

Corp.

(2)

(

9,300

)

(

158,349

)

Keisei

Electric

Railway

Co.

Ltd.

(2)

(

90,400

)

(

676,369

)

Kikkoman

Corp.

(2)

(

42,600

)

(

386,755

)

Kobe

Bussan

Co.

Ltd.

(2)

(

13,700

)

(

296,454

)

Kokusai

Electric

Corp.

(2)

(

33,300

)

(

1,126,029

)

Komatsu

Ltd.

(2)

(

15,000

)

(

597,309

)

Kubota

Corp.

(2)

(

24,700

)

(

395,822

)

Lasertec

Corp.

(2)

(

1,500

)

(

333,860

)

LY

Corp.

(2)

(

134,800

)

(

325,021

)

M3,

Inc.

(2)

(

128,300

)

(

1,316,918

)

Mebuki

Financial

Group,

Inc.

(2)

(

26,200

)

(

204,330

)

MEIJI

Holdings

Co.

Ltd.

(2)

(

42,500

)

(

1,036,477

)

Mitsubishi

Corp.

(2)

(

147,000

)

(

5,042,978

)

Mitsubishi

Estate

Co.

Ltd.

(2)

(

66,400

)

(

1,843,029

)

Mitsubishi

Heavy

Industries

Ltd.

(2)

(

30,500

)

(

838,038

)

Mitsubishi

UFJ

Financial

Group,

Inc.

(2)

(

105,800

)

(

1,791,610

)

Mitsui

&

Co.

Ltd.

(2)

(

70,100

)

(

2,709,553

)

Mitsui

OSK

Lines

Ltd.

(2)

(

24,193

)

(

1,005,481

)

Mizuho

Financial

Group,

Inc.

(2)

(

15,200

)

(

615,353

)

MonotaRO

Co.

Ltd.

(2)

(

26,400

)

(

286,163

)

Nintendo

Co.

Ltd.

(2)

(

32,800

)

(

1,872,409

)

Nippon

Paint

Holdings

Co.

Ltd.

(2)

(

99,600

)

(

624,546

)

Nippon

Sanso

Holdings

Corp.

(2)

(

13,900

)

(

492,872

)

Nissan

Chemical

Corp.

(2)

(

8,300

)

(

322,756

)

Nissan

Motor

Co.

Ltd.

(2)

(

393,200

)

(

852,210

)

Nissin

Foods

Holdings

Co.

Ltd.

(2)

(

18,900

)

(

358,717

)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(17.0)%

(continued)

Niterra

Co.

Ltd.

(2)

(

36,800

)

(

1,735,178

)

Nitori

Holdings

Co.

Ltd.

(2)

(

47,500

)

(

754,657

)

Nomura

Real

Estate

Holdings,

Inc.

(2)

(

15,600

)

(

101,147

)

Nomura

Research

Institute

Ltd.

(2)

(

49,100

)

(

1,343,751

)

NTT,

Inc.

(2)

(

2,013,400

)

(

2,014,339

)

Olympus

Corp.

(2)

(

76,100

)

(

725,030

)

Omron

Corp.

(2)

(

25,300

)

(

727,858

)

Oracle

Corp.

Japan

(

12,200

)

(

661,639

)

Oriental

Land

Co.

Ltd.

(2)

(

72,600

)

(

1,235,637

)

ORIX

Corp.

(2)

(

15,700

)

(

465,840

)

Pan

Pacific

International

Holdings

Corp.

(2)

(

72,400

)

(

441,658

)

Rakuten

Bank

Ltd.

(2)

(

23,900

)

(

873,777

)

Resona

Holdings,

Inc.

(2)

(

208,500

)

(

2,378,516

)

Seibu

Holdings,

Inc.

(2)

(

4,800

)

(

134,106

)

Sekisui

House

Ltd.

(2)

(

101,600

)

(

2,276,559

)

Seven

&

i

Holdings

Co.

Ltd.

(2)

(

12,900

)

(

173,500

)

SG

Holdings

Co.

Ltd.

(

34,200

)

(

318,608

)

Shimadzu

Corp.

(2)

(

5,000

)

(

118,814

)

Shimano,

Inc.

(2)

(

6,900

)

(

720,380

)

Shimizu

Corp.

(2)

(

11,100

)

(

199,146

)

Shin-Etsu

Chemical

Co.

Ltd.

(2)

(

15,500

)

(

631,142

)

Shiseido

Co.

Ltd.

(2)

(

30,300

)

(

619,036

)

Shizuoka

Financial

Group,

Inc.

(2)

(

35,400

)

(

587,801

)

SMC

Corp.

(2)

(

1,400

)

(

550,618

)

SoftBank

Corp.

(2)

(

535,800

)

(

716,967

)

SoftBank

Group

Corp.

(2)

(

63,700

)

(

1,551,079

)

Sony

Financial

Group,

Inc.

(2)

(

96,100

)

(

88,033

)

Sony

Group

Corp.

(2)

(

54,300

)

(

1,131,761

)

Sumitomo

Electric

Industries

Ltd.

(2)

(

1,600

)

(

90,912

)

Sumitomo

Forestry

Co.

Ltd.

(2)

(

82,400

)

(

749,729

)

Sumitomo

Metal

Mining

Co.

Ltd.

(2)

(

5,800

)

(

337,579

)

Sumitomo

Mitsui

Financial

Group,

Inc.

(2)

(

62,500

)

(

2,055,020

)

Sumitomo

Realty

&

Development

Co.

Ltd.

(2)

(

47,000

)

(

1,333,663

)

Suzuki

Motor

Corp.

(2)

(

68,500

)

(

834,928

)

Sysmex

Corp.

(2)

(

15,300

)

(

133,430

)

T&D

Holdings,

Inc.

(2)

(

45,300

)

(

1,160,338

)

Taisei

Corp.

(2)

(

11,900

)

(

1,232,861

)

Takeda

Pharmaceutical

Co.

Ltd.

(2)

(

16,500

)

(

607,660

)

Terumo

Corp.

(2)

(

12,500

)

(

167,934

)

Tokio

Marine

Holdings,

Inc.

(2)

(

30,800

)

(

1,445,782

)

Tokyo

Electron

Ltd.

(2)

(

2,400

)

(

596,282

)

Tokyo

Ohka

Kogyo

Co.

Ltd.

(2)

(

100

)

(

4,894

)

Tokyu

Corp.

(2)

(

34,000

)

(

401,338

)

TOTO

Ltd.

(2)

(

3,200

)

(

105,796

)

Toyota

Industries

Corp.

(2)

(

14,319

)

(

1,851,732

)

Toyota

Motor

Corp.

(2)

(

83,400

)

(

1,733,665

)

Unicharm

Corp.

(

110,800

)

(

649,629

)

USS

Co.

Ltd.

(2)

(

11,400

)

(

119,914

)

West

Japan

Railway

Co.

(

15,300

)

(

301,556

)

Yakult

Honsha

Co.

Ltd.

(2)

(

15,800

)

(

264,386

)

Yamaha

Motor

Co.

Ltd.

(2)

(

75,800

)

(

547,609

)

Yamato

Holdings

Co.

Ltd.

(2)

(

18,200

)

(

202,960

)

Yaskawa

Electric

Corp.

(2)

(

37,300

)

(

985,157

)

14

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(17.0)%

(continued)

Yokohama

Rubber

Co.

Ltd.

(The)

(2)

(

1,600

)

(

61,389

)

(82,737,821)

Luxembourg

-

(

0

.3

)

%

ArcelorMittal

SA

(2)

(

16,936

)

(

878,326

)

CVC

Capital

Partners

plc

(2)(b)

(

30,866

)

(

402,965

)

(1,281,291)

Netherlands

-

(

1

.1

)

%

Adyen

NV

(2)(b)

(

2,642

)

(

2,644,248

)

Akzo

Nobel

NV

(2)

(

668

)

(

38,400

)

Arcadis

NV

(2)

(

1

)

(

32

)

BE

Semiconductor

Industries

NV

(2)

(

1,214

)

(

260,031

)

Heineken

NV

(2)

(

8,797

)

(

676,650

)

IMCD

NV

(2)

(

2,740

)

(

286,730

)

Koninklijke

Vopak

NV

(2)

(

1,624

)

(

87,899

)

NXP

Semiconductors

NV

(

4,205

)

(

827,796

)

SBM

Offshore

NV

(2)

(

3

)

(

120

)

Universal

Music

Group

NV

(2)

(

7,887

)

(

153,093

)

Wolters

Kluwer

NV

(2)

(

7,036

)

(

525,507

)

(5,500,506)

New

Zealand

-

(

0

.0

)

%

†

Xero

Ltd.

(2)

(

10

)

(

529

)

Norway

-

(

0

.5

)

%

DNB

Bank

ASA

(2)

(

44,038

)

(

1,377,889

)

Gjensidige

Forsikring

ASA

(2)

(

87

)

(

2,276

)

Mowi

ASA

(2)

(

16,512

)

(

375,546

)

Salmar

ASA

(

625

)

(

36,469

)

Storebrand

ASA

(2)

(

12,591

)

(

227,265

)

TOMRA

Systems

ASA

(2)

(

41,693

)

(

502,658

)

Vend

Marketplaces

ASA

(

3,631

)

(

89,848

)

(2,611,951)

Portugal

-

(

0

.0

)

%

†

Banco

Comercial

Portugues

SA,

Class

R

(2)

(

123,002

)

(

119,800

)

EDP

SA

(2)

(

23

)

(

122

)

(119,922)

Singapore

-

(

1

.2

)

%

CapitaLand

Investment

Ltd.

(2)

(

146,700

)

(

312,266

)

DBS

Group

Holdings

Ltd.

(2)

(

26,200

)

(

1,165,903

)

Grab

Holdings

Ltd.,

Class

A

(

281,866

)

(

1,031,630

)

Sea

Ltd.,

ADR

(

5,537

)

(

458,519

)

Sembcorp

Industries

Ltd.

(2)

(

126,200

)

(

655,377

)

Singapore

Technologies

Engineering

Ltd.

(2)

(

18,400

)

(

156,165

)

Singapore

Telecommunications

Ltd.

(

244,400

)

(

939,050

)

STMicroelectronics

NV

(2)

(

40,821

)

(

1,389,081

)

(6,107,991)

South

Korea

-

(

0

.1

)

%

Delivery

Hero

SE

(2)(b)

(

14,281

)

(

265,357

)

INVESTMENTS

SHARES

VALUE

($)

Spain

-

(

2

.1

)

%

Amadeus

IT

Group

SA

(2)

(

4,085

)

(

233,583

)

Bankinter

SA

(2)

(

39,021

)

(

617,990

)

Cellnex

Telecom

SA

(2)(b)

(

60,091

)

(

1,932,210

)

Endesa

SA

(

18,244

)

(

760,831

)

Fluidra

SA

(2)

(

14,673

)

(

340,357

)

Grifols

SA

(2)

(

19,670

)

(

205,788

)

Iberdrola

SA

(2)

(

151,256

)

(

3,462,880

)

Indra

Sistemas

SA

(2)

(

34,730

)

(

1,941,075

)

Redeia

Corp.

SA

(2)

(

21,148

)

(

358,466

)

Telefonica

SA

(2)

(

21,723

)

(

95,050

)

Unicaja

Banco

SA

(2)(b)

(

52,613

)

(

156,142

)

(10,104,372)

Sweden

-

(

3

.0

)

%

AddTech

AB,

Class

B

(2)

(

9,666

)

(

331,688

)

Alfa

Laval

AB

(2)

(

25,763

)

(

1,409,235

)

Assa

Abloy

AB,

Class

B

(2)

(

39,714

)

(

1,435,577

)

Atlas

Copco

AB,

Class

A

(2)

(

67,522

)

(

1,191,549

)

Autoliv,

Inc.

(

3,796

)

(

399,187

)

Beijer

Ref

AB,

Class

B

(2)

(

17,005

)

(

235,742

)

Castellum

AB

(2)

(

8,251

)

(

95,438

)

Electrolux

AB,

Class

B

(2)

(

11,216

)

(

71,194

)

Epiroc

AB,

Class

A

(2)

(

3,483

)

(

85,740

)

EQT

AB

(2)

(

65,491

)

(

2,032,036

)

Fastighets

AB

Balder,

Class

B

(2)

(

19,597

)

(

114,772

)

Hexagon

AB,

Class

B

(2)

(

72,865

)

(

709,131

)

Holmen

AB,

Class

B

(2)

(

6,912

)

(

247,864

)

Husqvarna

AB,

Class

B

(2)

(

10,125

)

(

40,096

)

Indutrade

AB

(2)

(

8,146

)

(

186,779

)

Lifco

AB,

Class

B

(2)

(

14,980

)

(

453,181

)

Nibe

Industrier

AB,

Class

B

(2)

(

208,599

)

(

871,618

)

Nordnet

AB

publ

(2)

(

570

)

(

18,562

)

Saab

AB,

Class

B

(2)

(

2,338

)

(

153,022

)

Sagax

AB,

Class

B

(2)

(

21,443

)

(

395,677

)

Skandinaviska

Enskilda

Banken

AB,

Class

A

(2)

(

55,094

)

(

1,018,076

)

Svenska

Cellulosa

AB

SCA,

Class

B

(2)

(

85,420

)

(

990,391

)

Svenska

Handelsbanken

AB,

Class

A

(2)

(

149,463

)

(

1,970,480

)

Tele2

AB,

Class

B

(2)

(

6,707

)

(

138,818

)

(14,595,853)

Switzerland

-

(

3

.5

)

%

ABB

Ltd.

(Registered)

(2)

(

1,010

)

(

82,121

)

Accelleron

Industries

AG

(2)

(

3,273

)

(

295,834

)

Bachem

Holding

AG,

Class

B

(2)

(

9,527

)

(

786,128

)

Banque

Cantonale

Vaudoise

(Registered)

(2)

(

3,255

)

(

529,410

)

Barry

Callebaut

AG

(Registered)

(2)

(

613

)

(

1,078,019

)

Belimo

Holding

AG

(Registered)

(2)

(

1,036

)

(

841,386

)

Chocoladefabriken

Lindt

&

Spruengli

AG

(2)

(

39

)

(

547,637

)

Cie

Financiere

Richemont

SA

(Registered)

(2)

(

1,022

)

(

180,451

)

Clariant

AG

(Registered)

(2)

(

29,685

)

(

291,239

)

DSM-Firmenich

AG

(2)

(

6,179

)

(

441,947

)

EFG

International

AG

(2)

(

2,636

)

(

55,956

)

Galderma

Group

AG

(2)

(

3,808

)

(

748,401

)

Galenica

AG

(2)(b)

(

3,387

)

(

385,603

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

15

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Switzerland

-

(3.5)%

(continued)

Givaudan

SA

(Registered)

(2)

(

71

)

(

240,087

)

Julius

Baer

Group

Ltd.

(2)

(

13,282

)

(

976,944

)

Kuehne

+

Nagel

International

AG

(Registered)

(2)

(

1,732

)

(

396,637

)

Partners

Group

Holding

AG

(2)

(

1,392

)

(

1,500,355

)

Sandoz

Group

AG

(2)

(

4,093

)

(

320,690

)

SIG

Group

AG

(2)

(

57,611

)

(

863,609

)

Sika

AG

(Registered)

(2)

(

3,120

)

(

516,417

)

Straumann

Holding

AG

(Registered)

(2)

(

12,593

)

(

1,317,519

)

Sulzer

AG

(Registered)

(2)

(

620

)

(

129,980

)

Swatch

Group

AG

(The)

(2)

(

3,865

)

(

853,243

)

Swissquote

Group

Holding

SA

(Registered)

(2)

(

304

)

(

151,009

)

Temenos

AG

(Registered)

(2)

(

2,550

)

(

223,498

)

UBS

Group

AG

(Registered)

(2)

(

54,305

)

(

2,117,537

)

VAT

Group

AG

(2)(b)

(

1,369

)

(

854,039

)

Ypsomed

Holding

AG

(Registered)

(2)

(

954

)

(

334,440

)

(17,060,136)

Thailand

-

(

0

.3

)

%

Fabrinet

(

3,173

)

(

1,654,783

)

United

Kingdom

-

(

4

.7

)

%

Admiral

Group

plc

(2)

(

10,895

)

(

455,692

)

Babcock

International

Group

plc

(2)

(

16

)

(

248

)

BAE

Systems

plc

(2)

(

80,949

)

(

2,373,304

)

Bellway

plc

(2)

(

5,767

)

(

141,822

)

British

American

Tobacco

plc

(2)

(

5,736

)

(

333,025

)

Bunzl

plc

(2)

(

10,363

)

(

311,983

)

Convatec

Group

plc

(2)(b)

(

4,306

)

(

12,420

)

Croda

International

plc

(2)

(

31,262

)

(

1,173,973

)

Diageo

plc

(2)

(

163,387

)

(

3,038,542

)

Diploma

plc

(2)

(

1,727

)

(

137,887

)

Entain

plc

(2)

(

3,487

)

(

26,196

)

Hiscox

Ltd.

(2)

(

10,945

)

(

220,926

)

HSBC

Holdings

plc

(2)

(

47,753

)

(

784,228

)

IMI

plc

(2)

(

10,220

)

(

347,674

)

Informa

plc

(2)

(

37,446

)

(

376,097

)

Intertek

Group

plc

(2)

(

1

)

(

49

)

ITV

plc

(2)

(

390,337

)

(

394,772

)

Legal

&

General

Group

plc

(2)

(

571,766

)

(

1,879,014

)

M&G

plc

(2)

(

266,119

)

(

966,660

)

Melrose

Industries

plc

(2)

(

36,972

)

(

250,530

)

National

Grid

plc

(2)

(

23,953

)

(

404,329

)

Ocado

Group

plc

(2)

(

72,568

)

(

174,304

)

Pennon

Group

plc

(

38,421

)

(

269,272

)

Persimmon

plc

(2)

(

20,193

)

(

288,263

)

Reckitt

Benckiser

Group

plc

(2)

(

17,701

)

(

1,190,221

)

RELX

plc

(2)

(

24,472

)

(

801,761

)

Rentokil

Initial

plc

(2)

(

114,061

)

(

707,854

)

Sage

Group

plc

(The)

(2)

(

1,209

)

(

13,547

)

Severn

Trent

plc

(2)

(

19,987

)

(

819,739

)

Smiths

Group

plc

(2)

(

366

)

(

11,169

)

Spirax

Group

plc

(2)

(

3,375

)

(

302,784

)

SSE

plc

(2)

(

71,309

)

(

2,465,053

)

Tate

&

Lyle

plc

(

94,733

)

(

453,907

)

Taylor

Wimpey

plc

(2)

(

316,876

)

(

376,360

)

Unilever

plc

(2)

(

7,864

)

(

431,729

)

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

(4.7)%

(continued)

Weir

Group

plc

(The)

(2)

(

8,635

)

(

323,836

)

Whitbread

plc

(2)

(

6,081

)

(

186,962

)

Wise

plc,

Class

A

(2)

(

36,852

)

(

443,779

)

WPP

plc

(2)

(

38,806

)

(

121,365

)

(23,011,276)

United

States

-

(

101

.9

)

%

AAON,

Inc.

(

36,860

)

(

3,050,165

)

Abbott

Laboratories

(

12,010

)

(

1,233,067

)

Acadia

Healthcare

Co.,

Inc.

(

89,667

)

(

2,097,311

)

Advanced

Micro

Devices,

Inc.

(

3,095

)

(

629,616

)

AeroVironment,

Inc.

(

11,767

)

(

2,153,949

)

AES

Corp.

(The)

(

10,734

)

(

151,242

)

Affirm

Holdings,

Inc.,

Class

A

(

22,885

)

(

1,048,591

)

Aflac,

Inc.

(

18,381

)

(

2,016,580

)

Agilent

Technologies,

Inc.

(

4,120

)

(

469,598

)

Air

Lease

Corp.,

Class

A

(

3,025

)

(

196,444

)

Air

Products

and

Chemicals,

Inc.

(

12,520

)

(

3,636,935

)

Akamai

Technologies,

Inc.

(

13,919

)

(

1,598,597

)

Alaska

Air

Group,

Inc.

(

48,078

)

(

1,768,309

)

Alcon

AG

(2)

(

4

)

(

302

)

Allegion

plc

(

2,986

)

(

433,836

)

Alliant

Energy

Corp.

(

4,480

)

(

321,485

)

Ally

Financial,

Inc.

(

4,288

)

(

168,218

)

Alphabet,

Inc.,

Class

A

(

12,915

)

(

3,713,837

)

Amazon.com,

Inc.

(

25,915

)

(

5,397,316

)

Amcor

plc

(

50,216

)

(

1,996,086

)

Amentum

Holdings,

Inc.

(

25,011

)

(

652,287

)

American

Airlines

Group,

Inc.

(

17,256

)

(

185,329

)

American

Express

Co.

(

4,186

)

(

1,266,181

)

American

Financial

Group,

Inc.

(

7,371

)

(

941,350

)

American

International

Group,

Inc.

(

8,789

)

(

661,372

)

American

Water

Works

Co.,

Inc.

(

2,941

)

(

400,241

)

AMETEK,

Inc.

(

2,639

)

(

565,696

)

Amgen,

Inc.

(

1,959

)

(

689,274

)

Aon

plc,

Class

A

(

2,742

)

(

885,063

)

Apellis

Pharmaceuticals,

Inc.

(

29,326

)

(

1,179,785

)

API

Group

Corp.

(

8,454

)

(

342,556

)

Apollo

Global

Management,

Inc.

(

16,518

)

(

1,840,436

)

Apple,

Inc.

(

12,841

)

(

3,258,917

)

AptarGroup,

Inc.

(

4,280

)

(

539,366

)

Aptiv

plc

(

6,352

)

(

441,083

)

Armstrong

World

Industries,

Inc.

(

1,537

)

(

253,298

)

Arrowhead

Pharmaceuticals,

Inc.

(

426

)

(

26,710

)

Arthur

J

Gallagher

&

Co.

(

15,212

)

(

3,294,615

)

Ashland,

Inc.

(

3,694

)

(

205,423

)

AST

SpaceMobile,

Inc.

(

25,270

)

(

2,094,125

)

Astera

Labs,

Inc.

(

882

)

(

96,667

)

Aurora

Innovation,

Inc.

(

255,072

)

(

1,050,897

)

Automatic

Data

Processing,

Inc.

(

2,164

)

(

439,682

)

AutoZone,

Inc.

(

893

)

(

3,016,358

)

Avantor,

Inc.

(

43,257

)

(

339,135

)

Avis

Budget

Group,

Inc.

(

6,582

)

(

959,985

)

Axon

Enterprise,

Inc.

(

4,792

)

(

2,035,114

)

Ball

Corp.

(

13,044

)

(

771,031

)

Bank

of

America

Corp.

(

30,211

)

(

1,472,786

)

Baxter

International,

Inc.

(

37,096

)

(

623,213

)

Becton

Dickinson

&

Co.

(

6,671

)

(

1,048,881

)

BellRing

Brands,

Inc.

(

14,688

)

(

236,330

)

Bentley

Systems,

Inc.,

Class

B

(

15,312

)

(

537,757

)

16

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(101.9)%

(continued)

BILL

Holdings,

Inc.

(

20,629

)

(

790,091

)

Bio-Techne

Corp.

(

18,941

)

(

989,857

)

BJ's

Wholesale

Club

Holdings,

Inc.

(

2,105

)

(

207,174

)

Blackbaud,

Inc.

(

4,279

)

(

165,212

)

Blackrock,

Inc.

(

3,214

)

(

3,090,936

)

Blackstone,

Inc.

(

16,914

)

(

1,944,941

)

Block,

Inc.,

Class

A

(

8,273

)

(

497,869

)

Blue

Owl

Capital,

Inc.,

Class

A

(

13,594

)

(

124,113

)

Boeing

Co.

(The)

(

6,224

)

(

1,238,763

)

Boston

Scientific

Corp.

(

6,721

)

(

421,743

)

Bright

Horizons

Family

Solutions,

Inc.

(

1,973

)

(

162,042

)

Broadcom,

Inc.

(

3,634

)

(

1,124,759

)

Broadridge

Financial

Solutions,

Inc.

(

1,612

)

(

261,918

)

Brown

&

Brown,

Inc.

(

48,170

)

(

3,141,166

)

Brown-Forman

Corp.,

Class

B

(

28,799

)

(

761,446

)

Bruker

Corp.

(

25,837

)

(

933,232

)

Brunswick

Corp.

(

9,707

)

(

706,281

)

Bunge

Global

SA

(

27,254

)

(

3,466,709

)

BWX

Technologies,

Inc.

(

6,602

)

(

1,350,043

)

Cadence

Design

Systems,

Inc.

(

3,830

)

(

1,064,242

)

Campbell's

Co.

(The)

(

16,795

)

(

374,025

)

CarMax,

Inc.

(

8,107

)

(

337,089

)

Carrier

Global

Corp.

(

54,939

)

(

3,093,615

)

Carvana

Co.,

Class

A

(

4,312

)

(

1,355,607

)

Caterpillar,

Inc.

(

2,754

)

(

1,951,099

)

Cava

Group,

Inc.

(

23,384

)

(

1,891,766

)

CBRE

Group,

Inc.,

Class

A

(

7,069

)

(

957,567

)

CCC

Intelligent

Solutions

Holdings,

Inc.

(

22,693

)

(

136,158

)

Celanese

Corp.,

Class

A

(

25,368

)

(

1,668,453

)

Celsius

Holdings,

Inc.

(

16,752

)

(

594,361

)

Cencora,

Inc.

(

4,891

)

(

1,536,459

)

CenterPoint

Energy,

Inc.

(

9,824

)

(

424,004

)

Certara,

Inc.

(

114,868

)

(

654,748

)

Charles

Schwab

Corp.

(The)

(

6,608

)

(

621,020

)

Charter

Communications,

Inc.,

Class

A

(

1,152

)

(

248,694

)

Chemed

Corp.

(

2,099

)

(

792,876

)

Cheniere

Energy,

Inc.

(

2,132

)

(

604,976

)

Chevron

Corp.

(

6,777

)

(

1,402,161

)

Chipotle

Mexican

Grill,

Inc.,

Class

A

(

42,044

)

(

1,345,828

)

Chord

Energy

Corp.

(

1,627

)

(

231,327

)

Church

&

Dwight

Co.,

Inc.

(

5,226

)

(

487,690

)

Churchill

Downs,

Inc.

(

2,854

)

(

256,375

)

Cisco

Systems,

Inc.

(

45,659

)

(

3,542,682

)

Citigroup,

Inc.

(

23,196

)

(

2,630,658

)

Clarivate

plc

(

10,618

)

(

26,864

)

Clearway

Energy,

Inc.,

Class

C

(

14,738

)

(

579,056

)

Cleveland-Cliffs,

Inc.

(

21,034

)

(

177,737

)

Clorox

Co.

(The)

(

4,130

)

(

427,992

)

Cloudflare,

Inc.,

Class

A

(

5,199

)

(

1,072,762

)

CME

Group,

Inc.

(

2,354

)

(

695,254

)

CNH

Industrial

NV

(2)

(

12,685

)

(

138,044

)

CNH

Industrial

NV

(

42,594

)

(

468,534

)

Coca-Cola

Co.

(The)

(

72,756

)

(

5,533,093

)

Coherent

Corp.

(

6,656

)

(

1,585,526

)

Coinbase

Global,

Inc.,

Class

A

(

8,340

)

(

1,456,247

)

Commerce

Bancshares,

Inc.

(

2,873

)

(

141,352

)

Commvault

Systems,

Inc.

(

7,608

)

(

592,587

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(101.9)%

(continued)

Conagra

Brands,

Inc.

(

9,156

)

(

143,932

)

ConocoPhillips

(

10,352

)

(

1,366,464

)

Constellation

Energy

Corp.

(

5,553

)

(

1,550,675

)

Cooper

Cos.,

Inc.

(The)

(

5,582

)

(

399,113

)

Corcept

Therapeutics,

Inc.

(

21,647

)

(

872,591

)

Corpay,

Inc.

(

2,216

)

(

644,834

)

CoStar

Group,

Inc.

(

62,370

)

(

2,516,006

)

Costco

Wholesale

Corp.

(

650

)

(

647,680

)

Coty,

Inc.,

Class

A

(

30,858

)

(

62,025

)

Crane

Co.

(

4,799

)

(

820,629

)

CRH

plc

(

5,942

)

(

624,623

)

Crowdstrike

Holdings,

Inc.,

Class

A

(

9,582

)

(

3,740,909

)

CSX

Corp.

(

41,695

)

(

1,711,580

)

Cullen/Frost

Bankers,

Inc.

(

13,128

)

(

1,799,586

)

CVS

Health

Corp.

(

15,401

)

(

1,106,100

)

Cytokinetics,

Inc.

(

27,208

)

(

1,793,279

)

DaVita,

Inc.

(

1,632

)

(

250,822

)

Deere

&

Co.

(

5,064

)

(

2,852,551

)

Delta

Air

Lines,

Inc.

(

1,387

)

(

92,208

)

DENTSPLY

SIRONA,

Inc.

(

1,741

)

(

20,196

)

Dick's

Sporting

Goods,

Inc.

(

20,843

)

(

4,132,957

)

Dominion

Energy,

Inc.

(

10,741

)

(

664,009

)

DoorDash,

Inc.,

Class

A

(

7,894

)

(

1,185,284

)

DoubleVerify

Holdings,

Inc.

(

10,696

)

(

101,612

)

Dow,

Inc.

(

17,959

)

(

747,992

)

Doximity,

Inc.,

Class

A

(

13,270

)

(

309,191

)

DR

Horton,

Inc.

(

18,196

)

(

2,496,855

)

DT

Midstream,

Inc.

(

11,488

)

(

1,547,089

)

DTE

Energy

Co.

(

5,921

)

(

865,769

)

Duke

Energy

Corp.

(

3,699

)

(

484,347

)

Duolingo,

Inc.,

Class

A

(

3

)

(

296

)

Dutch

Bros,

Inc.,

Class

A

(

39,126

)

(

1,982,123

)

Dycom

Industries,

Inc.

(

768

)

(

260,214

)

Eastman

Chemical

Co.

(

4,901

)

(

374,044

)

Eaton

Corp.

plc

(

7,768

)

(

2,778,381

)

EchoStar

Corp.,

Class

A

(

12,001

)

(

1,404,957

)

Ecolab,

Inc.

(

586

)

(

155,888

)

Elanco

Animal

Health,

Inc.

(

22,970

)

(

549,672

)

elf

Beauty,

Inc.

(

18,400

)

(

1,115,224

)

Eli

Lilly

&

Co.

(

1,260

)

(

1,158,910

)

Emerson

Electric

Co.

(

12,279

)

(

1,608,795

)

Enphase

Energy,

Inc.

(

58,262

)

(

2,202,886

)

Entegris,

Inc.

(

12,340

)

(

1,446,742

)

Equifax,

Inc.

(

1,996

)

(

359,420

)

Erie

Indemnity

Co.,

Class

A

(

1,344

)

(

337,761

)

Esab

Corp.

(

6,387

)

(

617,367

)

Essent

Group

Ltd.

(

1,480

)

(

86,491

)

Everus

Construction

Group,

Inc.

(

806

)

(

95,156

)

Experian

plc

(2)

(

7,393

)

(

255,757

)

Exxon

Mobil

Corp.

(

5,937

)

(

1,007,271

)

Ferrovial

SE

(2)

(

7,437

)

(

483,825

)

First

American

Financial

Corp.

(

1,377

)

(

83,019

)

First

Citizens

BancShares,

Inc.,

Class

A

(

1,270

)

(

2,393,518

)

First

Financial

Bankshares,

Inc.

(

11,776

)

(

346,803

)

First

Solar,

Inc.

(

1,430

)

(

282,082

)

Flagstar

Bank

NA

(

98,879

)

(

1,302,236

)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(

26,045

)

(

1,323,086

)

Flutter

Entertainment

plc

(

18,012

)

(

1,836,323

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

17

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(101.9)%

(continued)

FMC

Corp.

(

28,035

)

(

482,763

)

Ford

Motor

Co.

(

152,233

)

(

1,756,769

)

Fortune

Brands

Innovations,

Inc.

(

2

)

(

78

)

Freeport-McMoRan,

Inc.

(

11,330

)

(

665,977

)

Freshpet,

Inc.

(

8,729

)

(

514,662

)

FTI

Consulting,

Inc.

(

614

)

(

108,537

)

Garmin

Ltd.

(

6,000

)

(

1,392,060

)

GATX

Corp.

(

3,058

)

(

522,123

)

GE

HealthCare

Technologies,

Inc.

(

11,419

)

(

812,804

)

Generac

Holdings,

Inc.

(

3,138

)

(

612,946

)

General

Mills,

Inc.

(

9,472

)

(

352,548

)

Gentex

Corp.

(

11,810

)

(

258,049

)

Genuine

Parts

Co.

(

5,675

)

(

600,131

)

GFL

Environmental,

Inc.

(

9,556

)

(

398,630

)

Gilead

Sciences,

Inc.

(

12,024

)

(

1,675,785

)

Glacier

Bancorp,

Inc.

(

17,293

)

(

772,478

)

Globant

SA

(

20,324

)

(

937,140

)

Globus

Medical,

Inc.,

Class

A

(

4,874

)

(

419,944

)

Goldman

Sachs

Group,

Inc.

(The)

(

2,292

)

(

1,939,009

)

Goodyear

Tire

&

Rubber

Co.

(The)

(

28,315

)

(

187,728

)

Graphic

Packaging

Holding

Co.

(

13,181

)

(

131,019

)

GXO

Logistics,

Inc.

(

1,620

)

(

83,997

)

Haleon

plc

(2)

(

114,768

)

(

567,986

)

Hamilton

Lane,

Inc.,

Class

A

(

2,118

)

(

210,529

)

Harley-Davidson,

Inc.

(

4,775

)

(

96,551

)

HCA

Healthcare,

Inc.

(

1,648

)

(

779,900

)

Henry

Schein,

Inc.

(

14,523

)

(

1,070,345

)

Hershey

Co.

(The)

(

2,368

)

(

492,284

)

Hewlett

Packard

Enterprise

Co.

(

22,837

)

(

543,749

)

Hilton

Grand

Vacations,

Inc.

(

38,615

)

(

1,510,619

)

Hilton

Worldwide

Holdings,

Inc.

(

3,387

)

(

1,029,919

)

Hims

&

Hers

Health,

Inc.

(

9,460

)

(

196,390

)

Home

BancShares,

Inc.

(

5,384

)

(

144,991

)

Home

Depot,

Inc.

(The)

(

12,375

)

(

4,070,013

)

Hormel

Foods

Corp.

(

14,008

)

(

317,281

)

Howard

Hughes

Holdings,

Inc.

(

2,043

)

(

129,240

)

Hubbell,

Inc.,

Class

B

(

4,663

)

(

2,288,321

)

Humana,

Inc.

(

4,288

)

(

743,496

)

Huntington

Bancshares,

Inc.

(

102,004

)

(

1,596,363

)

Huntsman

Corp.

(

28,249

)

(

375,994

)

Hyatt

Hotels

Corp.,

Class

A

(

14,731

)

(

2,118,170

)

IDACORP,

Inc.

(

11,170

)

(

1,596,975

)

IDEX

Corp.

(

3,348

)

(

634,613

)

Ingersoll

Rand,

Inc.

(

10,102

)

(

809,372

)

Inspire

Medical

Systems,

Inc.

(

14,960

)

(

771,637

)

Intel

Corp.

(

43,806

)

(

1,933,159

)

Intercontinental

Exchange,

Inc.

(

4,347

)

(

683,696

)

International

Business

Machines

Corp.

(

10,465

)

(

2,536,611

)

International

Flavors

&

Fragrances,

Inc.

(

6,249

)

(

453,365

)

International

Paper

Co.

(

59,891

)

(

2,138,109

)

Intuitive

Surgical,

Inc.

(

4,166

)

(

1,920,484

)

Ionis

Pharmaceuticals,

Inc.

(

16,061

)

(

1,206,020

)

IonQ,

Inc.

(

72,557

)

(

2,091,818

)

IPG

Photonics

Corp.

(

8,179

)

(

937,232

)

IQVIA

Holdings,

Inc.

(

5,351

)

(

912,560

)

Iridium

Communications,

Inc.

(

15,869

)

(

440,206

)

J

M

Smucker

Co.

(The)

(

5,298

)

(

510,939

)

James

Hardie

Industries

plc,

ADR

(

40,904

)

(

774,722

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(101.9)%

(continued)

James

Hardie

Industries

plc,

CHESS

(2)

(

26,483

)

(

488,367

)

Johnson

&

Johnson

(

11,368

)

(

2,778,794

)

JPMorgan

Chase

&

Co.

(

20,341

)

(

5,983,508

)

Kemper

Corp.

(

3,068

)

(

93,758

)

Kimberly-Clark

Corp.

(

1,259

)

(

121,456

)

Kinder

Morgan,

Inc.

(

54,883

)

(

1,840,227

)

Kinsale

Capital

Group,

Inc.

(

1,320

)

(

450,991

)

Kirby

Corp.

(

671

)

(

89,162

)

KKR

&

Co.,

Inc.

(

20,044

)

(

1,854,070

)

Knife

River

Corp.

(

5,688

)

(

464,425

)

Kratos

Defense

&

Security

Solutions,

Inc.

(

13,749

)

(

969,442

)

Labcorp

Holdings,

Inc.

(

6,303

)

(

1,681,703

)

Lamb

Weston

Holdings,

Inc.

(

8,965

)

(

378,861

)

Lantheus

Holdings,

Inc.

(

13,212

)

(

1,002,130

)

Las

Vegas

Sands

Corp.

(

2,615

)

(

140,896

)

Lennox

International,

Inc.

(

4,564

)

(

2,118,289

)

Leonardo

DRS,

Inc.

(

1,140

)

(

50,753

)

Liberty

Live

Holdings,

Inc.,

Class

C

(

4,547

)

(

427,918

)

Liberty

Media

Corp-Liberty

Formula

One,

Class

A

(

4,204

)

(

328,248

)

Lincoln

National

Corp.

(

3,614

)

(

128,297

)

Linde

plc

(

5,856

)

(

2,903,171

)

Lithia

Motors,

Inc.,

Class

A

(

332

)

(

82,907

)

Live

Nation

Entertainment,

Inc.

(

5,941

)

(

906,062

)

LKQ

Corp.

(

17,385

)

(

510,597

)

Loar

Holdings,

Inc.

(

13,784

)

(

789,685

)

Louisiana-Pacific

Corp.

(

8,278

)

(

602,225

)

Lowe's

Cos.,

Inc.

(

7,753

)

(

1,831,879

)

LPL

Financial

Holdings,

Inc.

(

4,886

)

(

1,469,855

)

Lululemon

Athletica,

Inc.

(

5,190

)

(

794,589

)

MACOM

Technology

Solutions

Holdings,

Inc.

(

884

)

(

196,310

)

Madison

Square

Garden

Sports

Corp.,

Class

A

(

4,759

)

(

1,529,543

)

Marathon

Petroleum

Corp.

(

1,029

)

(

251,261

)

MarketAxess

Holdings,

Inc.

(

1,008

)

(

166,300

)

Marsh

&

McLennan

Cos.,

Inc.

(

5,979

)

(

1,037,058

)

Martin

Marietta

Materials,

Inc.

(

2,198

)

(

1,293,919

)

Marvell

Technology,

Inc.

(

8,544

)

(

846,283

)

MasTec,

Inc.

(

1,236

)

(

397,671

)

McCormick

&

Co.,

Inc.

(Non-Voting)

(

10,426

)

(

525,887

)

McDonald's

Corp.

(

4,379

)

(

1,360,949

)

MDU

Resources

Group,

Inc.

(

39,897

)

(

826,666

)

Merck

&

Co.,

Inc.

(

25,551

)

(

3,073,530

)

Meta

Platforms,

Inc.,

Class

A

(

6,022

)

(

3,445,367

)

MetLife,

Inc.

(

8,174

)

(

578,065

)

MGM

Resorts

International

(

15,515

)

(

574,210

)

Microchip

Technology,

Inc.

(

14,172

)

(

915,653

)

Microsoft

Corp.

(

8,192

)

(

3,032,433

)

Middleby

Corp.

(The)

(

2,726

)

(

361,413

)

Moderna,

Inc.

(

9,279

)

(

471,373

)

Molina

Healthcare,

Inc.

(

22,126

)

(

2,949,396

)

Mondelez

International,

Inc.,

Class

A

(

49,548

)

(

2,855,947

)

Monolithic

Power

Systems,

Inc.

(

392

)

(

428,593

)

Morgan

Stanley

(

16,630

)

(

2,736,799

)

Mosaic

Co.

(The)

(

23,350

)

(

595,425

)

Motorola

Solutions,

Inc.

(

3,775

)

(

1,638,237

)

18

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(101.9)%

(continued)

MP

Materials

Corp.

(

42,341

)

(

2,043,377

)

MSA

Safety,

Inc.

(

490

)

(

80,336

)

Nasdaq,

Inc.

(

4,882

)

(

414,433

)

nCino,

Inc.

(

43,307

)

(

648,739

)

Nestle

SA

(Registered)

(2)

(

12,990

)

(

1,274,203

)

Netflix,

Inc.

(

15,903

)

(

1,529,073

)

New

Jersey

Resources

Corp.

(

3,175

)

(

174,371

)

Newell

Brands,

Inc.

(

73,997

)

(

253,810

)

News

Corp.,

Class

A

(

2

)

(

50

)

NextEra

Energy,

Inc.

(

16,039

)

(

1,489,702

)

Nextpower,

Inc.,

Class

A

(

5,859

)

(

706,302

)

NIKE,

Inc.,

Class

B

(

54,057

)

(

2,855,291

)

NiSource,

Inc.

(

5,293

)

(

246,971

)

Nordson

Corp.

(

1,559

)

(

414,788

)

Northrop

Grumman

Corp.

(

1,931

)

(

1,317,405

)

Norwegian

Cruise

Line

Holdings

Ltd.

(

64,255

)

(

1,201,569

)

Novanta,

Inc.

(

10,285

)

(

1,214,761

)

NRG

Energy,

Inc.

(

12,393

)

(

1,811,113

)

Nucor

Corp.

(

2,754

)

(

465,701

)

NVR,

Inc.

(

53

)

(

349,261

)

Occidental

Petroleum

Corp.

(

13,795

)

(

896,675

)

Oklo,

Inc.

(

22,611

)

(

1,121,279

)

Okta,

Inc.,

Class

A

(

4,801

)

(

377,887

)

Old

Dominion

Freight

Line,

Inc.

(

5,489

)

(

1,072,551

)

Old

National

Bancorp

(

10,875

)

(

240,338

)

Olin

Corp.

(

79,307

)

(

2,357,797

)

Ollie's

Bargain

Outlet

Holdings,

Inc.

(

2,941

)

(

270,690

)

Omnicom

Group,

Inc.

(

13,250

)

(

997,858

)

ON

Semiconductor

Corp.

(

6,736

)

(

417,093

)

OneMain

Holdings,

Inc.

(

5,571

)

(

297,993

)

ONEOK,

Inc.

(

23,852

)

(

2,155,982

)

Option

Care

Health,

Inc.

(

19,191

)

(

516,622

)

Oracle

Corp.

(

35,052

)

(

5,156,499

)

O'Reilly

Automotive,

Inc.

(

22,667

)

(

2,092,391

)

Organon

&

Co.

(

19,699

)

(

117,997

)

Ormat

Technologies,

Inc.

(

3,452

)

(

386,348

)

PACCAR,

Inc.

(

7,471

)

(

862,901

)

Packaging

Corp.

of

America

(

10,738

)

(

2,278,818

)

Palantir

Technologies,

Inc.,

Class

A

(

7,320

)

(

1,070,770

)

Parker-Hannifin

Corp.

(

2,281

)

(

2,042,042

)

Parsons

Corp.

(

22,953

)

(

1,243,364

)

Paychex,

Inc.

(

8,474

)

(

780,625

)

Paycom

Software,

Inc.

(

832

)

(

101,121

)

Paylocity

Holding

Corp.

(

3,748

)

(

404,934

)

PayPal

Holdings,

Inc.

(

3,217

)

(

145,505

)

Performance

Food

Group

Co.

(

8,341

)

(

714,490

)

Perrigo

Co.

plc

(

10,635

)

(

114,220

)

Planet

Fitness,

Inc.,

Class

A

(

2,769

)

(

205,958

)

Plug

Power,

Inc.

(

45,474

)

(

102,771

)

Pool

Corp.

(

8,679

)

(

1,756,022

)

PPL

Corp.

(

32,601

)

(

1,245,358

)

Primerica,

Inc.

(

476

)

(

119,228

)

Procter

&

Gamble

Co.

(The)

(

11,569

)

(

1,671,026

)

Progressive

Corp.

(The)

(

2,850

)

(

564,984

)

Prosperity

Bancshares,

Inc.

(

2,731

)

(

183,469

)

Prudential

Financial,

Inc.

(

6,037

)

(

589,755

)

Public

Service

Enterprise

Group,

Inc.

(

9,973

)

(

807,314

)

QIAGEN

NV

(2)

(

3,643

)

(

147,577

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(101.9)%

(continued)

Qnity

Electronics,

Inc.

(

8,252

)

(

952,116

)

Quanta

Services,

Inc.

(

5,736

)

(

3,149,179

)

QuantumScape

Corp.

(

262,673

)

(

1,675,854

)

Quest

Diagnostics,

Inc.

(

3,604

)

(

706,312

)

QXO,

Inc.

(

109,050

)

(

2,117,751

)

Range

Resources

Corp.

(

8,035

)

(

363,021

)

RBC

Bearings,

Inc.

(

1,343

)

(

729,410

)

Reddit,

Inc.,

Class

A

(

6,593

)

(

887,747

)

Regal

Rexnord

Corp.

(

2,503

)

(

468,712

)

Repligen

Corp.

(

12,251

)

(

1,443,413

)

Republic

Services,

Inc.,

Class

A

(

7,849

)

(

1,719,088

)

Revolution

Medicines,

Inc.

(

6,360

)

(

618,510

)

Revvity,

Inc.

(

2,950

)

(

258,450

)

RH

(

9,880

)

(

1,381,422

)

RLI

Corp.

(

6,637

)

(

378,574

)

Robert

Half,

Inc.

(

1

)

(

25

)

Robinhood

Markets,

Inc.,

Class

A

(

19,552

)

(

1,354,954

)

Rocket

Cos.,

Inc.,

Class

A

(

63,796

)

(

909,093

)

Rocket

Lab

Corp.

(

6,804

)

(

436,953

)

Roper

Technologies,

Inc.

(

1,469

)

(

519,820

)

Royal

Caribbean

Cruises

Ltd.

(

4,288

)

(

1,179,972

)

RTX

Corp.

(

10,023

)

(

1,933,437

)

Ryan

Specialty

Holdings,

Inc.,

Class

A

(

53,577

)

(

1,807,688

)

Saia,

Inc.

(

3,585

)

(

1,259,339

)

Salesforce,

Inc.

(

17,310

)

(

3,231,258

)

Samsara,

Inc.,

Class

A

(

1,080

)

(

34,225

)

Schneider

Electric

SE

(2)

(

7,601

)

(

2,070,373

)

Scotts

Miracle-Gro

Co.

(The)

(

722

)

(

43,905

)

Seaboard

Corp.

(

3

)

(

16,962

)

Sempra

(

12,234

)

(

1,188,778

)

SentinelOne,

Inc.,

Class

A

(

15,460

)

(

199,125

)

Service

Corp.

International

(

9,595

)

(

791,683

)

SharkNinja,

Inc.

(

15,035

)

(

1,592,207

)

Sherwin-Williams

Co.

(The)

(

626

)

(

200,664

)

Shift4

Payments,

Inc.,

Class

A

(

12,455

)

(

544,657

)

Silgan

Holdings,

Inc.

(

22,097

)

(

857,364

)

Simpson

Manufacturing

Co.,

Inc.

(

1,358

)

(

233,060

)

Sirius

XM

Holdings,

Inc.

(

12,582

)

(

290,393

)

SLB

Ltd.

(

23,929

)

(

1,229,711

)

SLM

Corp.

(

45,500

)

(

974,155

)

Snap,

Inc.,

Class

A

(

11

)

(

51

)

SoFi

Technologies,

Inc.

(

113,476

)

(

1,801,999

)

Solstice

Advanced

Materials,

Inc.

(

2,146

)

(

163,439

)

Somnigroup

International,

Inc.

(

20,600

)

(

1,522,752

)

Sonoco

Products

Co.

(

15,236

)

(

824,115

)

Southern

Co.

(The)

(

30,294

)

(

2,923,977

)

SOUTHSTATE

BANK

Corp.

(

4,640

)

(

429,293

)

Southwest

Gas

Holdings,

Inc.

(

3,310

)

(

287,639

)

SPX

Technologies,

Inc.

(

6

)

(

1,200

)

Starbucks

Corp.

(

36,117

)

(

3,235,722

)

Stellantis

NV

(2)

(

63,630

)

(

459,891

)

Strategy,

Inc.,

Class

A

(

9,647

)

(

1,203,946

)

Stryker

Corp.

(

3,122

)

(

1,025,858

)

Summit

Therapeutics,

Inc.

(

48,228

)

(

914,403

)

Sunbelt

Rentals

Holdings,

Inc.

(2)

(

9,292

)

(

592,749

)

Super

Micro

Computer,

Inc.

(

101,487

)

(

2,310,859

)

Synopsys,

Inc.

(

11,037

)

(

4,375,949

)

Take-Two

Interactive

Software,

Inc.

(

6,264

)

(

1,237,140

)

Targa

Resources

Corp.

(

341

)

(

85,499

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

19

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(101.9)%

(continued)

Teledyne

Technologies,

Inc.

(

1,908

)

(

1,154,359

)

Teleflex,

Inc.

(

15,375

)

(

1,839,004

)

Tempus

AI,

Inc.,

Class

A

(

41,180

)

(

1,862,160

)

Tesla,

Inc.

(

15,123

)

(

5,621,974

)

Texas

Capital

Bancshares,

Inc.

(

2,197

)

(

208,451

)

Texas

Instruments,

Inc.

(

6,476

)

(

1,257,251

)

Texas

Pacific

Land

Corp.

(

185

)

(

87,794

)

TFS

Financial

Corp.

(

26

)

(

365

)

Thermo

Fisher

Scientific,

Inc.

(

3,489

)

(

1,714,948

)

TJX

Cos.,

Inc.

(The)

(

7,995

)

(

1,276,802

)

Toast,

Inc.,

Class

A

(

45,819

)

(

1,214,662

)

TopBuild

Corp.

(

4,960

)

(

1,742,448

)

TPG,

Inc.

(

9,970

)

(

403,885

)

Tractor

Supply

Co.

(

16,609

)

(

752,388

)

Trade

Desk,

Inc.

(The),

Class

A

(

33,126

)

(

751,629

)

TransDigm

Group,

Inc.

(

965

)

(

1,118,396

)

TransUnion

(

6,247

)

(

432,230

)

Trex

Co.,

Inc.

(

19,827

)

(

722,099

)

TTM

Technologies,

Inc.

(

3,975

)

(

387,245

)

Twilio,

Inc.,

Class

A

(

2,078

)

(

261,454

)

Tyler

Technologies,

Inc.

(

2,525

)

(

864,510

)

U-Haul

Holding

Co.

(

6,439

)

(

287,630

)

Ultragenyx

Pharmaceutical,

Inc.

(

64,247

)

(

1,345,975

)

UMB

Financial

Corp.

(

1,068

)

(

120,460

)

Under

Armour,

Inc.,

Class

A

(

99,914

)

(

590,492

)

Union

Pacific

Corp.

(

1,778

)

(

431,378

)

United

Airlines

Holdings,

Inc.

(

6,714

)

(

618,158

)

United

Parcel

Service,

Inc.,

Class

B

(

8,660

)

(

851,971

)

United

Rentals,

Inc.

(

664

)

(

483,764

)

UnitedHealth

Group,

Inc.

(

10,732

)

(

2,903,972

)

Unity

Software,

Inc.

(

29,203

)

(

640,714

)

Universal

Display

Corp.

(

19,426

)

(

1,780,587

)

Vail

Resorts,

Inc.

(

4,916

)

(

630,821

)

Valvoline,

Inc.

(

24,946

)

(

840,181

)

Vertex

Pharmaceuticals,

Inc.

(

5,415

)

(

2,418,014

)

VF

Corp.

(

62,198

)

(

1,056,744

)

Viking

Therapeutics,

Inc.

(

4,306

)

(

140,117

)

Virtu

Financial,

Inc.,

Class

A

(

18,550

)

(

815,829

)

Visteon

Corp.

(

1,913

)

(

174,293

)

Vistra

Corp.

(

10,738

)

(

1,614,244

)

Vulcan

Materials

Co.

(

2,495

)

(

679,389

)

W

R

Berkley

Corp.

(

6,411

)

(

424,921

)

Walmart,

Inc.

(

41,498

)

(

5,157,370

)

Waste

Connections,

Inc.

(

4,685

)

(

761,031

)

Waste

Management,

Inc.

(

16,408

)

(

3,770,394

)

Waters

Corp.

(

1,149

)

(

342,172

)

Watsco,

Inc.

(

3,586

)

(

1,304,551

)

Weatherford

International

plc

(

5,257

)

(

497,207

)

WEC

Energy

Group,

Inc.

(

7,098

)

(

821,735

)

Wells

Fargo

&

Co.

(

51,203

)

(

4,076,270

)

Wendy's

Co.

(The)

(

101,704

)

(

706,843

)

West

Pharmaceutical

Services,

Inc.

(

2,702

)

(

677,229

)

Western

Alliance

Bancorp

(

10,547

)

(

747,255

)

Westlake

Corp.

(

29,267

)

(

3,418,971

)

WEX,

Inc.

(

1,537

)

(

235,222

)

Whirlpool

Corp.

(

2,247

)

(

121,158

)

White

Mountains

Insurance

Group

Ltd.

(

151

)

(

331,741

)

Williams

Cos.,

Inc.

(The)

(

31,546

)

(

2,295,918

)

Williams-Sonoma,

Inc.

(

6,181

)

(

1,126,982

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(101.9)%

(continued)

WillScot

Holdings

Corp.

(

24,330

)

(

422,369

)

Wingstop,

Inc.

(

4,431

)

(

686,672

)

Wintrust

Financial

Corp.

(

5,362

)

(

744,996

)

WW

Grainger,

Inc.

(

401

)

(

437,415

)

Wyndham

Hotels

&

Resorts,

Inc.

(

12,049

)

(

978,740

)

Wynn

Resorts

Ltd.

(

2,268

)

(

230,315

)

Xcel

Energy,

Inc.

(

28,539

)

(

2,267,138

)

Xylem,

Inc.

(

3,614

)

(

431,873

)

Zillow

Group,

Inc.,

Class

C

(

10,301

)

(

426,255

)

ZoomInfo

Technologies,

Inc.,

Class

A

(

14,368

)

(

85,921

)

(497,830,594)

Zambia

-

(

0

.0

)

%

†

First

Quantum

Minerals

Ltd.

(

3,964

)

(

94,776

)

TOTAL

COMMON

STOCKS

(Proceeds

$(889,084,121))                                                    

(794,758,910)

PREFERRED

STOCKS

-

(0.5)%

Germany

-

(

0

.5

)

%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(b)

(

22,366

)

(

1,018,868

)

Sartorius

AG

(Preference)

(2)

(

4,096

)

(

1,024,888

)

Volkswagen

AG

(Preference)

(2)

(

3,640

)

(

372,345

)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(3,321,220))                                                    

(2,416,101)

TOTAL

SHORT

POSITIONS

(Proceeds

$(892,405,341))

(797,175,011)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

59.5%

(Cost

$17,479,723)

291,111,552

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

40.5%

‡

197,795,360

NET

ASSETS

-

100.0%

488,906,912

20

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(

1,035,764

)

(

0

.2

)

%

Consumer

Discretionary

(

20,466,712

)

(

4

.1

)

Consumer

Staples

(

2,305,101

)

(

0

.5

)

Energy

16,001,879

3

.2

Financials

10,146,469

2

.1

Health

Care

(

4,462,372

)

(

0

.9

)

Industrials

9,686,241

2

.0

Information

Technology

40,568,488

8

.3

Materials

(

7,126,049

)

(

1

.5

)

Purchased

Options

1,591,383

0

.3

Real

Estate

(

3,515,120

)

(

0

.7

)

Utilities

(

7,296,878

)

(

1

.5

)

Investment

Companies

181,776,188

37

.1

U.S.

Treasury

Obligations

77,548,900

15

.9

Total

Investments

In

Securities

At

Value

291,111,552

59

.5

Other

Assets

in

Excess

of

Liabilities

‡

197,795,360

40

.5

Net

Assets

$

488,906,912

100

.0

%

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange,

futures,

swap

and

written

option

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$746,222,650,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

Additional

securities

sold

but

not

yet

settled

totaling

$7,913,435

were

also

segregated.

In

addition,

$149,192,429

of

cash

collateral

was

also

pledged.

(b)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$7,149,790

of

investments

in

securities

and

$(9,623,607)

of

securities

sold

short,

which

represents

1.46%

and

(1.97)%

of

net

assets

of

the

Fund,

respectively.

(c)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$128,169,410.

Additional

securities

sold

but

not

yet

settled

totaling

$911,403

were

also

rehypothecated.

(d)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(e)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(f)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(g)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

(h)

Security

exempt

from

registration

pursuant

to

Regulation

S

under

the

Securities

Act

of

1933.

Regulation

S

applies

to

securities

offerings

that

are

made

outside

of

the

United

States

and

do

not

involve

direct

selling

efforts

in

the

United

States.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$(238,152)

of

securities

sold

short,

which

represents

(0.05)%

of

net

assets

of

the

Fund.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

(3)

Security

fair

valued

using

significant

unobservable

inputs

(Level

3)

in

accordance

with

procedures

approved

by

the

Board

of

Trustees.

Written

put

option

contracts

(premium-style)

outstanding

as

of

March

31,

2026:

Over-the-Counter

D

ESCRIPTION

COUNTERPARTY

NUMBER

OF

CONTRACTS

NOTIONAL

AMOUNT

EXERCISE

PRICE

EXPIRATION

DATE

PREMIUM

PAID

(RECEIVED)

VALUE

S&P

500

Index

JPMC

33

USD

(

21,544,116

)

USD

5,600

6/18/2026

$

(

215,363

)

$

(

180,856

)

$

(

215,363

)

$

(

180,856

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

21

(Continued)

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2026:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

25,600,000

$

45,561

$

1,297

$

46,858

Pay

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

25,600,000

45,383

1,476

46,859

Pay

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

3,100,000

26,894

–

26,894

Pay

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

3,000,000

26,027

–

26,027

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

21,900,000

23,586

90,357

113,943

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

21,900,000

24,031

89,837

113,868

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

22,800,000

84,623

17,200

101,823

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

22,900,000

84,995

17,275

102,270

Pay

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

74,600,000

98,550

62,582

161,132

Pay

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

133,900,000

176,887

112,329

289,216

Pay

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

165,300,000

10,045

26,927

36,972

Pay

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

165,300,000

10,045

26,927

36,972

Receive

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

28,700,000

(

34,651

)

90,545

55,894

Receive

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

28,700,000

(

34,651

)

90,545

55,894

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

118,200,000

(

187,589

)

344,134

156,545

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

118,300,000

(

187,787

)

344,467

156,680

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

8,865,600,000

(

66,888

)

149,448

82,560

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

8,865,600,000

(

66,888

)

149,447

82,559

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

100,000

229

(

25

)

204

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

146,500,000

274,543

64,971

339,514

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

146,600,000

272,907

67,915

340,822

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

13,700,000

28,456

125,550

154,006

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

13,800,000

31,470

123,609

155,079

685,778

1,996,813

2,682,591

Pay

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

23,900,000

(

182,348

)

45,421

(

136,927

)

Pay

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

24,000,000

(

183,135

)

45,635

(

137,500

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

16,400,000

(

428,863

)

(

109,062

)

(

537,925

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

16,300,000

(

424,688

)

(

109,957

)

(

534,645

)

Pay

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

2,614,300,000

(

70,766

)

(

226,381

)

(

297,147

)

Pay

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

2,614,300,000

(

70,766

)

(

226,381

)

(

297,147

)

Pay

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

1,544,800,000

(

88,691

)

(

132,252

)

(

220,943

)

Pay

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

1,544,700,000

(

88,651

)

(

132,278

)

(

220,929

)

Pay

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

100,000

(

84

)

(

120

)

(

204

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

6/21/2028

SEK

197,700,000

(

15,635

)

(

289,949

)

(

305,584

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

6/21/2028

SEK

197,700,000

(

15,635

)

(

289,949

)

(

305,584

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2028

SEK

90,600,000

(

1,302

)

(

58,455

)

(

59,757

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2028

SEK

90,600,000

(

1,302

)

(

58,455

)

(

59,757

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

9/20/2028

SEK

224,100,000

(

98,661

)

(

276,064

)

(

374,725

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

9/20/2028

SEK

224,100,000

(

98,661

)

(

276,063

)

(

374,724

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

13,500,000

(

109,359

)

33,055

(

76,304

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

13,400,000

(

108,200

)

32,724

(

75,476

)

Receive

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

5,200,000

(

50,724

)

(

14,539

)

(

65,263

)

Receive

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

5,300,000

(

51,699

)

(

14,819

)

(

66,518

)

Receive

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

1,300,000

4,576

(

6,868

)

(

2,292

)

Receive

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

1,200,000

4,764

(

6,868

)

(

2,104

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

15,474,300,000

(

185,175

)

116,034

(

69,141

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

15,474,300,000

(

185,172

)

116,031

(

69,141

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

17,500,000

(

6,582

)

(

26,648

)

(

33,230

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

17,500,000

(

6,869

)

(

26,379

)

(

33,248

)

(

2,463,628

)

(

1,892,587

)

(

4,356,215

)

$

(

1,777,850

)

$

104,226

$

(

1,673,624

)

22

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Abbreviations:

1D:

1

Day

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

(a)

Floating

rate

indices

at

March

31,

2026

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

2.27%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

3.68%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

3.73%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

-0.07%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.72%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.31%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

2.19%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.78%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

2.48%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.66%

Total

return

swap

contracts

outstanding

as

of

March

31,

2026

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Amsterdam

Exchange

Index

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

MSCS

04/17/2026

EUR

(957,840)

$

5,591

WIG20

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/19/2026

PLN

4,718,660

20,452

MSCI

Australia

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

BBR

Monthly

BANA

06/17/2026

AUD

(2,066,564)

40,913

MSCI

Canada

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

CORRA

plus

or

minus

a

specified

spread

(-0.64%)

Monthly

BANA

06/17/2026

CAD

(203,479)

879

MSCI

South

Africa

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

JIBAR

plus

or

minus

a

specified

spread

(-0.55%)

Monthly

BANA

06/17/2026

ZAR

(8,830,630)

16,985

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

23

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Switzerland

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.24%)

Monthly

BANA

06/17/2026

CHF

(533,490)

$

2,551

Total

unrealized

appreciation

87,371

HSCEI

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MSCS

04/29/2026

HKD

38,024,350

(

85,881

)

iBovespa

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/15/2026

BRL

17,949,198

(

27,329

)

KOSPI

200

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MSCS

06/11/2026

KRW

936,562,500

(

13,790

)

Swiss

Market

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

Monthly

MLIN

06/19/2026

CHF

(17,360,640)

(

154,264

)

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/15/2026

TWD

57,517,200

(

104,593

)

MSCI

Mexico

Net

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

TIIEOIS

plus

or

minus

a

specified

spread

(0.10%)

Monthly

BANA

06/17/2026

MXN

(8,011,532)

(

22,056

)

MSCI

Sweden

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

STIBOR

plus

or

minus

a

specified

spread

(-1.79%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

SEK

15,218,221

(

62,285

)

24

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Tel

Aviv

Stock

Exchange

35

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

SHIRON

plus

or

minus

a

specified

spread

(0.82%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

ILS

71,601

$

(

656

)

Total

unrealized

depreciation

(

470,854

)

Net

unrealized

depreciation

$

(

383,483

)

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

236

4/2026

USD

$

24,536,920

$

758,553

Hang

Seng

Index

6

4/2026

HKD

947,113

(

6,722

)

HSCEI

75

4/2026

HKD

3,996,678

(

31,612

)

IBEX

35

Index

64

4/2026

EUR

12,550,867

(

209,931

)

MSCI

Singapore

Index

28

4/2026

SGD

950,828

2,328

Natural

Gas

175

4/2026

USD

5,047,000

(

479,583

)

NY

Harbor

ULSD

10

4/2026

USD

1,727,796

109,014

OMXS30

Index

864

4/2026

SEK

26,650,188

(

733,452

)

RBOB

Gasoline

23

4/2026

USD

3,094,967

168,185

SGX

FTSE

Taiwan

Index

205

4/2026

USD

21,180,600

(

1,132,933

)

Sugar

No.

11

89

4/2026

USD

1,547,034

164,433

WTI

Crude

Oil

62

4/2026

USD

6,285,560

(

52,062

)

Coffee

'C'

49

5/2026

USD

5,482,181

112,214

Copper

4

5/2026

USD

561,400

11,143

Feeder

Cattle

4

5/2026

USD

732,950

41,187

KC

HRW

Wheat

26

5/2026

USD

826,150

77,405

Low

Sulphur

Gasoil

75

5/2026

USD

9,294,375

1,984,423

Soybean

Meal

88

5/2026

USD

2,784,320

44,957

Soybean

Oil

114

5/2026

USD

4,711,392

689,265

Wheat

40

5/2026

USD

1,232,500

85,172

100

oz

Gold

24

6/2026

USD

11,228,640

287,198

DJIA

CBOT

E-Mini

Index

6

6/2026

USD

1,397,460

(

6,683

)

Euro

STOXX

50

Index

274

6/2026

EUR

17,402,824

(

374,775

)

Euro-Bobl

114

6/2026

EUR

15,236,207

(

297,878

)

Euro-BTP

49

6/2026

EUR

6,642,346

(

231,997

)

Euro-Bund

215

6/2026

EUR

31,239,909

22,883

Euro-Buxl

1

6/2026

EUR

127,860

1,334

Euro-OAT

74

6/2026

EUR

10,187,824

(

341,244

)

FTSE

100

Index

217

6/2026

GBP

29,293,690

(

511,153

)

FTSE/MIB

Index

189

6/2026

EUR

47,597,117

(

40,301

)

KOSPI

200

Index

26

6/2026

KRW

3,179,659

(

431,760

)

Lean

Hogs

33

6/2026

USD

1,386,660

(

49,995

)

Live

Cattle

51

6/2026

USD

4,962,810

277,831

LME

Aluminum

Base

Metal

124

6/2026

USD

10,794,634

900,340

LME

Copper

Base

Metal

16

6/2026

USD

4,933,408

(

185,284

)

LME

Lead

Base

Metal

15

6/2026

USD

711,330

(

27,312

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

25

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

LME

Nickel

Base

Metal

22

6/2026

USD

$

2,255,351

$

(

30,104

)

LME

Zinc

Base

Metal

23

6/2026

USD

1,864,725

(

53,661

)

Long

Gilt

667

6/2026

GBP

77,972,535

(

3,353,423

)

MSCI

Emerging

Markets

Index

9

6/2026

USD

654,570

(

18,929

)

NASDAQ

100

E-Mini

Index

1

6/2026

USD

478,300

(

13,881

)

Russell

2000

E-Mini

Index

67

6/2026

USD

8,415,870

58,262

S&P

500

E-Mini

Index

321

6/2026

USD

105,460,537

(

2,310,310

)

S&P

Midcap

400

E-Mini

Index

21

6/2026

USD

7,132,650

59,589

SET50

Index

699

6/2026

THB

4,075,310

36,373

TOPIX

Index

91

6/2026

JPY

20,091,616

(

476,200

)

U.S.

Treasury

5

Year

Note

142

6/2026

USD

15,360,406

(

218,945

)

U.S.

Treasury

Long

Bond

15

6/2026

USD

1,703,906

(

52,612

)

U.S.

Treasury

Ultra

Bond

20

6/2026

USD

2,325,625

(

87,000

)

3

Month

Euro

Euribor

8

9/2026

EUR

2,249,631

(

7,829

)

3

Month

SARON

2

3/2027

CHF

624,031

(

2,153

)

3

Month

SARON

4

6/2027

CHF

1,247,374

(

2,730

)

3

Month

SARON

1

9/2027

CHF

311,828

(

409

)

Total

of

long

contracts

(

5,880,774

)

Short

Contracts

CAC

40

10

Euro

Index

(

124

)

4/2026

EUR

(

11,215,213

)

(

70,911

)

IFSC

NIFTY

50

Index

(

47

)

4/2026

USD

(

2,113,261

)

36,410

SGX

FTSE

China

A50

Index

(

12

)

4/2026

USD

(

174,432

)

540

Cocoa

(

6

)

5/2026

USD

(

198,000

)

26,395

Cocoa

(

35

)

5/2026

GBP

(

1,152,128

)

54,764

Corn

(

246

)

5/2026

USD

(

5,630,325

)

21,911

Cotton

No.

2

(

6

)

5/2026

USD

(

210,000

)

(

15,764

)

Silver

(

1

)

5/2026

USD

(

374,595

)

(

23,870

)

Soybean

(

86

)

5/2026

USD

(

5,035,300

)

30,795

Australia

10

Year

Bond

(

1,127

)

6/2026

AUD

(

83,913,501

)

(

107,484

)

Australia

3

Year

Bond

(

64

)

6/2026

AUD

(

4,582,071

)

9,998

Canada

10

Year

Bond

(

15

)

6/2026

CAD

(

1,293,185

)

(

4,729

)

DAX

Index

(

76

)

6/2026

EUR

(

50,152,678

)

1,926,720

Euro-Schatz

(

29

)

6/2026

EUR

(

3,547,385

)

(

1,890

)

FTSE/JSE

Top

40

Index

(

133

)

6/2026

ZAR

(

8,401,175

)

(

187,929

)

Japan

10

Year

Bond

(

8

)

6/2026

JPY

(

6,575,218

)

24,670

LME

Aluminum

Base

Metal

(

10

)

6/2026

USD

(

870,535

)

(

16,466

)

LME

Copper

Base

Metal

(

9

)

6/2026

USD

(

2,775,042

)

145,060

LME

Lead

Base

Metal

(

8

)

6/2026

USD

(

379,376

)

9,818

LME

Nickel

Base

Metal

(

9

)

6/2026

USD

(

922,643

)

32,432

LME

Zinc

Base

Metal

(

8

)

6/2026

USD

(

648,600

)

(

9,573

)

MEX

BOLSA

Index

(

1

)

6/2026

MXN

(

38,301

)

(

887

)

MSCI

EAFE

Index

(

4

)

6/2026

USD

(

580,220

)

(

6,442

)

Nikkei

225

Index

(

1

)

6/2026

JPY

(

322,359

)

17,774

S&P/TSX

60

Index

(

88

)

6/2026

CAD

(

24,137,215

)

(

239,196

)

SPI

200

Index

(

544

)

6/2026

AUD

(

79,880,203

)

955,843

U.S.

Treasury

10

Year

Note

(

472

)

6/2026

USD

(

52,384,625

)

104,168

U.S.

Treasury

2

Year

Note

(

130

)

6/2026

USD

(

26,971,953

)

2,971

Cocoa

(

2

)

7/2026

GBP

(

66,498

)

(

746

)

90-Day

Australian

Bank

Bill

(

53

)

9/2026

AUD

(

36,146,662

)

26,708

90-Day

New

Zealand

Bill

(

10

)

9/2026

NZD

(

5,705,421

)

237

3

Month

CORRA

(

54

)

12/2026

CAD

(

9,454,173

)

6,355

3

Month

Euro

Euribor

(

15

)

12/2026

EUR

(

4,215,240

)

23,463

3

Month

SOFR

(

50

)

12/2026

USD

(

12,042,500

)

45,787

3

Month

SONIA

(

11

)

12/2026

GBP

(

3,485,386

)

11,119

90-Day

Australian

Bank

Bill

(

50

)

12/2026

AUD

(

34,095,639

)

35,938

90-Day

New

Zealand

Bill

(

8

)

12/2026

NZD

(

4,559,983

)

772

3

Month

CORRA

(

27

)

3/2027

CAD

(

4,718,838

)

(

6,499

)

26

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

3

Month

Euro

Euribor

(

24

)

3/2027

EUR

$

(

6,741,957

)

$

25,071

3

Month

SOFR

(

54

)

3/2027

USD

(

13,009,950

)

46,702

3

Month

SONIA

(

4

)

3/2027

GBP

(

1,267,148

)

(

179

)

90-Day

Australian

Bank

Bill

(

81

)

3/2027

AUD

(

55,236,280

)

30,232

90-Day

New

Zealand

Bill

(

7

)

3/2027

NZD

(

3,986,670

)

(

430

)

3

Month

CORRA

(

27

)

6/2027

CAD

(

4,712,044

)

6,802

3

Month

Euro

Euribor

(

8

)

6/2027

EUR

(

2,247,782

)

(

971

)

3

Month

SOFR

(

44

)

6/2027

USD

(

10,602,900

)

39,320

3

Month

SONIA

(

13

)

6/2027

GBP

(

4,118,233

)

3,077

90-Day

Australian

Bank

Bill

(

19

)

6/2027

AUD

(

12,958,237

)

3,409

3

Month

CORRA

(

36

)

9/2027

CAD

(

6,279,815

)

(

63

)

3

Month

Euro

Euribor

(

11

)

9/2027

EUR

(

3,092,289

)

(

857

)

3

Month

SOFR

(

30

)

9/2027

USD

(

7,233,750

)

18,819

3

Month

SONIA

(

11

)

9/2027

GBP

(

3,486,660

)

(

1,443

)

3

Month

Euro

Euribor

(

12

)

12/2027

EUR

(

3,375,140

)

(

1,937

)

3

Month

SOFR

(

29

)

12/2027

USD

(

6,998,787

)

9,363

3

Month

SONIA

(

11

)

12/2027

GBP

(

3,489,572

)

(

3,384

)

3

Month

Euro

Euribor

(

11

)

3/2028

EUR

(

3,094,037

)

(

2,383

)

3

Month

SOFR

(

29

)

3/2028

USD

(

7,003,138

)

3,026

3

Month

SONIA

(

12

)

3/2028

GBP

(

3,809,586

)

(

3,094

)

3

Month

SOFR

(

28

)

6/2028

USD

(

6,761,300

)

6,030

3

Month

SONIA

(

11

)

6/2028

GBP

(

3,492,848

)

(

2,924

)

Total

of

short

contracts

3,032,448

Net

unrealized

depreciation

$

(

2,848,326

)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

13,539,000

USD

9,268,637

CITI

6/17/2026

$

62,055

AUD

13,539,000

USD

9,268,619

JPMC

6/17/2026

62,074

BRL

45,981,050

USD

8,617,451

CITI

**

6/17/2026

109,552

BRL

45,981,050

USD

8,617,434

JPMC

**

6/17/2026

109,569

CAD

1,465,000

USD

1,055,670

CITI

6/17/2026

984

CAD

1,465,000

USD

1,055,668

JPMC

6/17/2026

986

CNY

12,995,748

USD

1,892,313

CITI

**

6/17/2026

4,607

CNY

12,995,748

USD

1,892,309

JPMC

**

6/17/2026

4,611

COP

6,650,865,500

USD

1,738,215

CITI

**

6/17/2026

40,199

COP

6,650,865,500

USD

1,738,212

JPMC

**

6/17/2026

40,203

CZK

5,000,000

USD

235,636

CITI

6/17/2026

38

CZK

5,000,000

USD

235,636

JPMC

6/17/2026

38

EUR

4,292,916

USD

4,959,949

CITI

6/17/2026

19,475

EUR

4,292,916

USD

4,959,939

JPMC

6/17/2026

19,485

GBP

146,500

USD

193,427

CITI

6/17/2026

435

GBP

146,500

USD

193,427

JPMC

6/17/2026

436

HUF

196,989,849

USD

583,149

CITI

6/17/2026

6,112

HUF

196,989,849

USD

583,148

JPMC

6/17/2026

6,113

INR

20,000,000

USD

209,852

CITI

**

6/17/2026

879

INR

20,000,000

USD

209,851

JPMC

**

6/17/2026

879

JPY

910,000,000

USD

5,735,817

CITI

6/17/2026

35,172

JPY

910,000,000

USD

5,735,806

JPMC

6/17/2026

35,184

KRW

949,997,500

USD

629,159

CITI

**

6/17/2026

3,752

KRW

950,002,500

USD

629,161

JPMC

**

6/17/2026

3,753

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

27

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

MXN

8,000,000

USD

439,943

CITI

6/17/2026

$

3,440

MXN

8,000,000

USD

439,942

JPMC

6/17/2026

3,440

NOK

30,000,000

USD

3,082,689

CITI

6/17/2026

13,555

NOK

30,000,000

USD

3,082,683

JPMC

6/17/2026

13,561

NZD

26,639,001

USD

15,320,524

CITI

6/17/2026

28,999

NZD

26,638,999

USD

15,320,493

JPMC

6/17/2026

29,030

PEN

297,388

USD

84,969

CITI

**

6/17/2026

140

PEN

297,388

USD

84,968

JPMC

**

6/17/2026

140

PLN

2,931,500

USD

784,807

CITI

6/17/2026

4,669

PLN

2,931,501

USD

784,806

JPMC

6/17/2026

4,671

SEK

500,000

USD

52,518

CITI

6/17/2026

504

SEK

500,000

USD

52,518

JPMC

6/17/2026

505

THB

7,500,000

USD

228,200

CITI

6/17/2026

637

THB

7,500,000

USD

228,199

JPMC

6/17/2026

638

TWD

13,821,225

USD

429,853

CITI

**

6/17/2026

215

TWD

10,269,468

USD

319,387

JPMC

**

6/17/2026

162

USD

10,350,666

AUD

14,544,419

CITI

6/17/2026

327,067

USD

10,350,684

AUD

14,544,416

JPMC

6/17/2026

327,088

USD

25,842,312

CAD

35,053,254

CITI

6/17/2026

559,605

USD

25,842,360

CAD

35,053,249

JPMC

6/17/2026

559,657

USD

58,540,298

CHF

45,031,456

CITI

6/17/2026

1,747,056

USD

58,528,609

CHF

45,022,328

JPMC

6/17/2026

1,746,879

USD

218,455

CLP

200,000,000

CITI

**

6/17/2026

2,388

USD

218,456

CLP

200,000,000

JPMC

**

6/17/2026

2,388

USD

6,507,472

CNY

44,350,779

CITI

**

6/17/2026

33,827

USD

6,373,469

CNY

43,434,671

JPMC

**

6/17/2026

33,543

USD

3,000,644

CZK

61,942,875

CITI

6/17/2026

80,981

USD

2,999,271

CZK

61,942,875

JPMC

6/17/2026

79,608

USD

975,754

DKK

6,262,500

CITI

6/17/2026

2,947

USD

975,756

DKK

6,262,500

JPMC

6/17/2026

2,949

USD

19,537,433

EUR

16,538,238

CITI

6/17/2026

354,458

USD

19,528,495

EUR

16,530,763

JPMC

6/17/2026

354,191

USD

14,550,831

GBP

10,803,306

CITI

6/17/2026

254,879

USD

14,550,860

GBP

10,803,306

JPMC

6/17/2026

254,908

USD

789,630

HKD

6,150,000

CITI

6/17/2026

2,156

USD

789,631

HKD

6,150,000

JPMC

6/17/2026

2,158

USD

332,984

HUF

107,743,408

CITI

6/17/2026

10,688

USD

190,959

HUF

62,256,592

JPMC

6/17/2026

4,729

USD

711,662

IDR

12,005,151,000

CITI

**

6/17/2026

6,047

USD

711,664

IDR

12,005,151,000

JPMC

**

6/17/2026

6,049

USD

8,665,196

ILS

26,843,749

CITI

6/17/2026

107,999

USD

8,664,449

ILS

26,843,749

JPMC

6/17/2026

107,252

USD

11,213,801

INR

1,040,079,001

CITI

**

6/17/2026

254,978

USD

11,213,662

INR

1,040,078,999

JPMC

**

6/17/2026

254,839

USD

8,000,941

JPY

1,254,129,960

CITI

6/17/2026

47,566

USD

8,000,957

JPY

1,254,129,958

JPMC

6/17/2026

47,582

USD

2,459,321

KRW

3,622,916,667

CITI

**

6/17/2026

45,647

USD

2,459,325

KRW

3,622,916,666

JPMC

**

6/17/2026

45,651

USD

12,783,862

MXN

224,738,061

CITI

6/17/2026

328,252

USD

12,894,269

MXN

226,695,815

JPMC

6/17/2026

330,155

USD

6,045,751

NOK

57,886,948

CITI

6/17/2026

71,347

USD

5,955,226

NOK

57,018,779

JPMC

6/17/2026

70,424

USD

8,832,780

NZD

14,720,619

CITI

6/17/2026

350,686

USD

8,832,798

NZD

14,720,620

JPMC

6/17/2026

350,704

USD

1,556,598

PHP

93,176,500

CITI

**

6/17/2026

26,900

USD

1,556,601

PHP

93,176,500

JPMC

**

6/17/2026

26,903

USD

5,946,057

PLN

21,546,633

CITI

6/17/2026

143,375

USD

6,082,564

PLN

22,027,868

JPMC

6/17/2026

150,282

28

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

ALTERNATIVE

RISK

PREMIA

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

14,017,090

SEK

126,992,645

CITI

6/17/2026

$

550,247

USD

14,020,898

SEK

127,026,353

JPMC

6/17/2026

550,480

USD

19,051,403

SGD

23,996,719

CITI

6/17/2026

286,402

USD

19,051,441

SGD

23,996,719

JPMC

6/17/2026

286,440

USD

8,854,558

THB

275,658,334

CITI

6/17/2026

443,786

USD

8,854,576

THB

275,658,336

JPMC

6/17/2026

443,804

USD

469,633

TWD

15,000,000

CITI

**

6/17/2026

2,886

USD

469,634

TWD

15,000,000

JPMC

**

6/17/2026

2,887

USD

3,333,978

ZAR

55,555,872

CITI

6/17/2026

69,860

USD

3,327,300

ZAR

55,444,129

JPMC

6/17/2026

69,748

ZAR

5,500,000

USD

319,390

CITI

6/17/2026

3,756

ZAR

5,500,000

USD

319,389

JPMC

6/17/2026

3,757

Total

unrealized

appreciation

12,901,738

AUD

30,354,001

USD

21,389,972

CITI

6/17/2026

(

470,862

)

AUD

30,353,999

USD

21,389,927

JPMC

6/17/2026

(

470,817

)

CAD

43,897,974

USD

32,240,347

CITI

6/17/2026

(

578,250

)

CAD

43,897,969

USD

32,240,279

JPMC

6/17/2026

(

578,182

)

CHF

2,008,564

USD

2,587,383

CITI

6/17/2026

(

54,202

)

CHF

1,999,436

USD

2,575,559

JPMC

6/17/2026

(

53,889

)

CLP

1,277,390,313

USD

1,440,760

CITI

**

6/17/2026

(

60,747

)

CLP

1,277,390,313

USD

1,440,757

JPMC

**

6/17/2026

(

60,743

)

CNY

29,423,461

USD

4,309,778

CITI

**

6/17/2026

(

14,992

)

CNY

28,616,346

USD

4,191,803

JPMC

**

6/17/2026

(

14,826

)

CZK

11,500,000

USD

544,661

CITI

6/17/2026

(

2,611

)

CZK

11,500,000

USD

544,660

JPMC

6/17/2026

(

2,611

)

DKK

1,985,000

USD

315,501

CITI

6/17/2026

(

7,154

)

DKK

1,985,000

USD

315,500

JPMC

6/17/2026

(

7,154

)

EUR

26,616,341

USD

31,112,475

CITI

6/17/2026

(

239,744

)

EUR

26,608,866

USD

31,103,576

JPMC

6/17/2026

(

239,515

)

GBP

15,121,502

USD

20,173,580

CITI

6/17/2026

(

163,384

)

GBP

15,121,502

USD

20,173,539

JPMC

6/17/2026

(

163,343

)

HUF

1,075,974,167

USD

3,317,697

CITI

6/17/2026

(

99,107

)

HUF

1,030,487,349

USD

3,173,363

JPMC

6/17/2026

(

90,839

)

ILS

3,463,500

USD

1,112,683

CITI

6/17/2026

(

8,596

)

ILS

3,463,500

USD

1,112,681

JPMC

6/17/2026

(

8,592

)

INR

677,731,501

USD

7,384,879

CITI

**

6/17/2026

(

243,942

)

INR

677,731,499

USD

7,384,864

JPMC

**

6/17/2026

(

243,926

)

JPY

7,450,578,080

USD

48,048,117

CITI

6/17/2026

(

798,432

)

JPY

7,450,578,078

USD

48,048,011

JPMC

6/17/2026

(

798,330

)

KRW

27,481,160,780

USD

19,055,608

CITI

**

6/17/2026

(

747,000

)

KRW

27,481,155,779

USD

19,055,602

JPMC

**

6/17/2026

(

746,996

)

MXN

58,605,123

USD

3,317,539

CITI

6/17/2026

(

69,481

)

MXN

60,562,877

USD

3,428,052

JPMC

6/17/2026

(

71,489

)

NOK

134,510,602

USD

14,043,064

CITI

6/17/2026

(

160,472

)

NOK

133,642,433

USD

13,952,726

JPMC

6/17/2026

(

159,738

)

NZD

13,837,499

USD

8,144,275

CITI

6/17/2026

(

171,040

)

NZD

13,837,501

USD

8,144,259

JPMC

6/17/2026

(

171,024

)

PEN

3,865,976

USD

1,142,689

CITI

**

6/17/2026

(

36,295

)

PEN

3,865,976

USD

1,142,687

JPMC

**

6/17/2026

(

36,293

)

PLN

3,848,237

USD

1,059,104

CITI

6/17/2026

(

22,744

)

PLN

4,341,095

USD

1,195,909

JPMC

6/17/2026

(

26,819

)

SEK

143,483,146

USD

15,643,938

CITI

6/17/2026

(

428,373

)

SEK

143,516,854

USD

15,647,590

JPMC

6/17/2026

(

428,449

)

SGD

648,000

USD

508,403

CITI

6/17/2026

(

1,678

)

SGD

648,000

USD

508,402

JPMC

6/17/2026

(

1,677

)

THB

35,999,999

USD

1,130,713

CITI

6/17/2026

(

32,295

)

THB

36,000,001

USD

1,130,711

JPMC

6/17/2026

(

32,294

)

TWD

578,075,411

USD

18,339,675

CITI

**

6/17/2026

(

352,011

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

29

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

TWD

581,627,168

USD

18,450,772

JPMC

**

6/17/2026

$

(

352,592

)

USD

1,579,022

BRL

8,399,500

CITI

**

6/17/2026

(

15,167

)

USD

1,579,025

BRL

8,399,500

JPMC

**

6/17/2026

(

15,164

)

USD

106,211

CAD

147,500

CITI

6/17/2026

(

176

)

USD

106,211

CAD

147,500

JPMC

6/17/2026

(

176

)

USD

1,234,037

CHF

979,500

CITI

6/17/2026

(

1,299

)

USD

1,234,039

CHF

979,500

JPMC

6/17/2026

(

1,297

)

USD

4,493,036

CNY

30,859,676

CITI

**

6/17/2026

(

11,386

)

USD

4,508,887

CNY

30,968,669

JPMC

**

6/17/2026

(

11,444

)

USD

11,771,960

EUR

10,193,500

CITI

6/17/2026

(

51,648

)

USD

11,771,984

EUR

10,193,500

JPMC

6/17/2026

(

51,625

)

USD

15,685,580

GBP

11,886,500

CITI

6/17/2026

(

43,757

)

USD

15,685,611

GBP

11,886,500

JPMC

6/17/2026

(

43,726

)

USD

944,199

HUF

320,000,001

CITI

6/17/2026

(

13,025

)

USD

944,201

HUF

319,999,999

JPMC

6/17/2026

(

13,023

)

USD

908,979

ILS

2,869,000

CITI

6/17/2026

(

5,595

)

USD

908,981

ILS

2,869,000

JPMC

6/17/2026

(

5,593

)

USD

421,007

INR

40,000,000

CITI

**

6/17/2026

(

455

)

USD

421,007

INR

40,000,000

JPMC

**

6/17/2026

(

454

)

USD

7,147,577

JPY

1,130,000,000

CITI

6/17/2026

(

18,597

)

USD

7,147,591

JPY

1,130,000,000

JPMC

6/17/2026

(

18,583

)

USD

65,699

KRW

100,000,000

CITI

**

6/17/2026

(

923

)

USD

65,699

KRW

100,000,000

JPMC

**

6/17/2026

(

923

)

USD

471,085

MXN

8,500,000

CITI

6/17/2026

(

9

)

USD

471,086

MXN

8,500,000

JPMC

6/17/2026

(

8

)

USD

5,602,806

NOK

54,500,000

CITI

6/17/2026

(

22,038

)

USD

5,602,817

NOK

54,500,000

JPMC

6/17/2026

(

22,027

)

USD

102,338

NZD

178,500

CITI

6/17/2026

(

515

)

USD

102,338

NZD

178,500

JPMC

6/17/2026

(

514

)

USD

327,768

PHP

20,000,000

CITI

**

6/17/2026

(

576

)

USD

327,769

PHP

20,000,000

JPMC

**

6/17/2026

(

576

)

USD

34,503

PLN

128,238

CITI

6/17/2026

(

32

)

USD

37,631

PLN

139,861

JPMC

6/17/2026

(

35

)

USD

10,611,872

SEK

101,000,000

CITI

6/17/2026

(

98,600

)

USD

10,611,893

SEK

101,000,000

JPMC

6/17/2026

(

98,578

)

USD

380,690

SGD

489,000

CITI

6/17/2026

(

1,699

)

USD

380,691

SGD

489,000

JPMC

6/17/2026

(

1,698

)

USD

186,544

TWD

6,000,000

CITI

**

6/17/2026

(

155

)

USD

186,545

TWD

6,000,000

JPMC

**

6/17/2026

(

154

)

USD

4,004,551

ZAR

68,500,000

CITI

6/17/2026

(

20,083

)

USD

4,004,559

ZAR

68,500,000

JPMC

6/17/2026

(

20,075

)

ZAR

95,260,692

USD

5,839,985

CITI

6/17/2026

(

243,056

)

ZAR

95,148,949

USD

5,831,241

JPMC

6/17/2026

(

240,881

)

Total

unrealized

depreciation

(

10,618,895

)

Net

unrealized

appreciation

$

2,282,843

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

30

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

150.3%

COMMON

STOCKS

-

65.5%

Australia

-

1

.1

%

ALS

Ltd.

(2)(a)

457

6,709

ANZ

Group

Holdings

Ltd.

(2)(a)

335

8,424

Aurizon

Holdings

Ltd.

(2)(a)

2,322

6,410

BHP

Group

Ltd.

(2)(a)

790

28,584

Brambles

Ltd.

(2)(a)

363

5,697

Evolution

Mining

Ltd.

(2)(a)

3,077

27,708

Glencore

plc

(2)(a)

8,426

63,817

IGO

Ltd.

(2)*(a)

2,923

16,319

Mineral

Resources

Ltd.

(2)*(a)

501

19,245

Northern

Star

Resources

Ltd.

(2)(a)

304

4,419

OceanaGold

Corp.

(a)

240

7,567

Orica

Ltd.

(2)(a)

297

4,174

PLS

Group

Ltd.

(2)*(a)

6,157

22,544

Qantas

Airways

Ltd.

(2)(a)

1,228

7,214

QBE

Insurance

Group

Ltd.

(2)(a)

817

12,056

Sonic

Healthcare

Ltd.

(2)(a)

328

4,660

South32

Ltd.

(2)(a)

10,333

31,288

Technology

One

Ltd.

(2)(a)

693

13,155

Telstra

Group

Ltd.

(2)(a)

2,570

9,487

Westpac

Banking

Corp.

(2)(a)

439

12,132

Whitehaven

Coal

Ltd.

(2)(a)

2,411

15,557

327,166

Austria

-

0

.0

%

†

Mondi

plc

(2)(a)

179

2,024

Belgium

-

0

.2

%

Ageas

SA/NV

(2)(a)

154

11,336

Anheuser-Busch

InBev

SA/NV

(2)

(a)

149

10,309

KBC

Group

NV

(2)(a)

32

3,917

Liberty

Global

Ltd.,

Class

A

*(a)(b)

1,689

20,420

UCB

SA

(2)(a)

40

12,052

Umicore

SA

(2)(a)

250

4,769

62,803

Brazil

-

0

.1

%

Wheaton

Precious

Metals

Corp.

(a)

(b)

163

21,396

Yara

International

ASA

(2)

293

17,127

38,523

Burkina

Faso

-

0

.0

%

†

IAMGOLD

Corp.

*

568

10,681

Canada

-

1

.6

%

Agnico

Eagle

Mines

Ltd.

(a)

64

12,991

Alamos

Gold,

Inc.,

Class

A

(a)

596

26,516

ARC

Resources

Ltd.

(a)

136

2,830

Aritzia,

Inc.

*(a)

42

3,427

Atco

Ltd.,

Class

I

(a)

49

2,398

Bank

of

Montreal

(a)

103

13,951

Bank

of

Nova

Scotia

(The)

(a)

477

33,080

Barrick

Mining

Corp.

(a)

549

22,436

Brookfield

Infrastructure

Corp.,

Class

A

(a)

45

1,778

Canadian

Imperial

Bank

of

Commerce

(a)

284

26,916

INVESTMENTS

SHARES

VALUE

($)

Canada

-

1.6%

(continued)

Canadian

Natural

Resources

Ltd.

(a)

507

24,732

Capital

Power

Corp.

(a)

137

6,489

Capstone

Copper

Corp.

*(a)

384

2,896

Celestica,

Inc.

*(a)

140

39,494

Cenovus

Energy,

Inc.

(a)

347

9,209

Finning

International,

Inc.

(a)

229

14,170

First

Majestic

Silver

Corp.

(a)

560

12,004

George

Weston

Ltd.

(a)

60

4,239

iA

Financial

Corp.,

Inc.

(a)

34

3,773

Kinross

Gold

Corp.

(a)

716

21,890

Loblaw

Cos.

Ltd.

(a)

119

5,425

Lundin

Gold,

Inc.

(a)

242

18,494

Magna

International,

Inc.

(a)

187

10,444

Manulife

Financial

Corp.

(a)

776

26,731

Nutrien

Ltd.

(a)

49

3,699

Pan

American

Silver

Corp.

(a)

489

26,751

Royal

Bank

of

Canada

(a)

174

28,129

Suncor

Energy,

Inc.

(a)

146

9,657

TFI

International,

Inc.

(a)

63

6,857

Toromont

Industries

Ltd.

(a)

56

7,840

Toronto-Dominion

Bank

(The)

(a)

163

15,223

Whitecap

Resources,

Inc.

(a)

501

5,654

450,123

China

-

0

.2

%

BOC

Hong

Kong

Holdings

Ltd.

(2)

1,000

5,517

Yangzijiang

Shipbuilding

Holdings

Ltd.

(2)

13,800

40,991

46,508

Denmark

-

0

.4

%

Danske

Bank

A/S

(2)(a)

1,153

56,822

Genmab

A/S

(2)*(a)

40

10,773

ISS

A/S

(2)(a)

645

23,493

Jyske

Bank

A/S

(Registered)

(2)(a)

93

12,762

Orsted

A/S

(2)*(a)(c)

211

5,233

Vestas

Wind

Systems

A/S

(2)(a)

524

15,810

124,893

Finland

-

0

.4

%

Elisa

OYJ

(2)(a)

143

6,966

Kone

OYJ,

Class

B

(2)(a)

205

13,087

Konecranes

OYJ

(2)(a)

165

5,415

Nordea

Bank

Abp

(2)(a)

2,096

36,091

Wartsila

OYJ

Abp

(2)(a)

1,495

55,686

117,245

France

-

1

.9

%

Air

France-KLM

(2)*(a)

878

8,899

Airbus

SE

(2)(a)

65

12,290

Amundi

SA

(2)(a)(c)

78

6,703

Arkema

SA

(2)(a)

49

3,364

Bouygues

SA

(2)(a)

134

7,766

Carrefour

SA

(2)(a)

3,010

55,733

Credit

Agricole

SA

(2)(a)

2,672

49,871

Danone

SA

(2)(a)

249

19,897

Dassault

Aviation

SA

(2)(a)

30

11,166

Eiffage

SA

(2)(a)

185

28,373

Forvia

SE

(2)*(a)

78

893

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

31

(Continued)

INVESTMENTS

SHARES

VALUE

($)

France

-

1.9%

(continued)

Gaztransport

Et

Technigaz

SA

(2)(a)

38

8,937

Getlink

SE

(2)(a)

62

1,338

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(2)(a)

38

20,773

Safran

SA

(2)(a)

96

31,414

SEB

SA

(2)(a)

81

4,185

Societe

Generale

SA

(2)(a)

1,292

94,338

Thales

SA

(2)(a)

156

45,746

TotalEnergies

SE

(2)(a)

1,079

99,024

Valeo

SE

(2)(a)

737

9,025

Veolia

Environnement

SA

(2)(a)

46

1,752

Vinci

SA

(2)(a)

143

21,464

542,951

Germany

-

1

.7

%

adidas

AG

(2)(a)

426

68,951

Aurubis

AG

(2)(a)

49

8,715

Bayer

AG

(Registered)

(2)(a)

494

22,861

Commerzbank

AG

(2)(a)

618

22,544

Daimler

Truck

Holding

AG

(2)(a)

447

22,013

Deutsche

Bank

AG

(Registered)

(2)(a)

1,274

37,914

Deutsche

Lufthansa

AG

(Registered)

(2)(a)

5,660

48,199

Deutsche

Post

AG

(2)(a)

527

27,777

E.ON

SE

(2)(a)

1,409

30,859

Freenet

AG

(2)(a)

638

19,645

Fresenius

Medical

Care

AG

(2)(a)

362

16,405

GEA

Group

AG

(2)(a)

85

6,096

Heidelberg

Materials

AG

(2)(a)

197

41,574

HUGO

BOSS

AG

(2)(a)

218

9,436

KION

Group

AG

(2)(a)

62

3,313

Knorr-Bremse

AG

(2)(a)

48

5,484

Mercedes-Benz

Group

AG

(2)(a)

485

29,810

RWE

AG

(2)(a)

315

21,193

Siemens

AG

(Registered)

(2)(a)

40

9,745

Talanx

AG

(2)(a)

137

17,000

Wacker

Chemie

AG

(2)(a)

36

3,564

473,098

Hong

Kong

-

0

.0

%

†

Techtronic

Industries

Co.

Ltd.

(2)(a)

500

6,640

Italy

-

1

.2

%

A2A

SpA

(2)(a)

381

1,079

Azimut

Holding

SpA

(2)(a)

159

6,042

Banca

Monte

dei

Paschi

di

Siena

SpA

(2)(a)

2,346

20,470

Davide

Campari-Milano

NV

(2)(a)

1,347

9,624

Enel

SpA

(2)(a)

3,334

36,450

Generali

(2)(a)

611

24,581

Intesa

Sanpaolo

SpA

(2)(a)

4,154

25,123

Italgas

SpA

(2)(a)

918

10,694

Leonardo

SpA

(2)(a)

791

53,803

Pirelli

&

C

SpA

(2)(a)(c)

1,490

10,310

Poste

Italiane

SpA

(2)(a)(c)

1,619

38,109

Prysmian

SpA

(2)(a)

271

32,003

Saipem

SpA

(2)(a)

5,535

25,325

Snam

SpA

(2)(a)

1,549

11,734

Telecom

Italia

SpA

(2)*(a)

14,103

9,902

INVESTMENTS

SHARES

VALUE

($)

Italy

-

1.2%

(continued)

UniCredit

SpA

(2)(a)

241

17,290

Unipol

Assicurazioni

SpA

(2)(a)

571

13,264

345,803

Ivory

Coast

-

0

.1

%

Endeavour

Mining

plc

(2)(a)

440

26,510

Japan

-

7

.6

%

Advantest

Corp.

(2)(a)

300

41,402

Aeon

Co.

Ltd.

(2)(a)

1,500

17,934

Aisin

Corp.

(2)(a)

500

7,044

ANA

Holdings,

Inc.

(2)(a)

800

14,327

Asahi

Intecc

Co.

Ltd.

(2)(a)

700

14,948

Asahi

Kasei

Corp.

(2)(a)

300

2,935

Astellas

Pharma,

Inc.

(2)(a)

4,600

74,989

Azbil

Corp.

(2)(a)

300

2,621

Bandai

Namco

Holdings,

Inc.

(2)(a)

100

2,467

Brother

Industries

Ltd.

(2)(a)

800

14,810

Chubu

Electric

Power

Co.,

Inc.

(2)

(a)

1,300

21,433

Chugai

Pharmaceutical

Co.

Ltd.

(2)

(a)

300

16,545

Concordia

Financial

Group

Ltd.

(2)

(a)

2,600

23,208

Dai

Nippon

Printing

Co.

Ltd.

(2)(a)

1,700

30,974

Daiichi

Life

Group,

Inc.

(2)(a)

800

7,378

ENEOS

Holdings,

Inc.

(2)(a)

1,800

16,218

Fuji

Electric

Co.

Ltd.

(2)(a)

100

7,005

Fujikura

Ltd.

(2)(a)

1,800

49,504

Fukuoka

Financial

Group,

Inc.

(2)

(a)

800

30,636

Hitachi

Construction

Machinery

Co.

Ltd.

(2)(a)

400

13,735

IHI

Corp.

(2)(a)

1,400

28,886

Inpex

Corp.

(2)(a)

1,000

29,580

Isetan

Mitsukoshi

Holdings

Ltd.

(2)

(a)

2,500

46,064

Japan

Post

Bank

Co.

Ltd.

(2)(a)

600

9,786

Japan

Post

Insurance

Co.

Ltd.

(2)

(a)

2,100

21,180

Japan

Tobacco,

Inc.

(2)(a)

700

26,855

JFE

Holdings,

Inc.

(2)(a)

500

5,854

Kajima

Corp.

(2)(a)

900

34,334

Kandenko

Co.

Ltd.

(2)(a)

200

7,596

Kansai

Electric

Power

Co.,

Inc.

(The)

(2)(a)

3,100

51,541

Kawasaki

Heavy

Industries

Ltd.

(2)

(a)

2,500

47,018

Kawasaki

Kisen

Kaisha

Ltd.

(2)(a)

200

3,378

Kinden

Corp.

(2)(a)

600

26,993

Kirin

Holdings

Co.

Ltd.

(2)(a)

200

3,181

Kobe

Steel

Ltd.

(2)(a)

1,100

13,350

Komatsu

Ltd.

(2)(a)

400

15,928

Kyoto

Financial

Group,

Inc.

(2)(a)

700

18,444

Kyushu

Electric

Power

Co.,

Inc.

(2)

(a)

2,200

25,501

LY

Corp.

(2)(a)

4,000

9,645

Makita

Corp.

(2)(a)

200

6,573

Marubeni

Corp.

(2)(a)

700

25,607

Mitsubishi

Chemical

Group

Corp.

(2)(a)

3,400

19,877

32

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

7.6%

(continued)

Mitsubishi

Electric

Corp.

(2)(a)

400

13,083

Mitsubishi

Heavy

Industries

Ltd.

(2)

(a)

200

5,495

Mitsui

Chemicals,

Inc.

(2)(a)

700

8,456

Mitsui

Kinzoku

Co.

Ltd.

(2)(a)

100

18,968

Mitsui

OSK

Lines

Ltd.

(2)(a)

800

33,249

Mizuho

Financial

Group,

Inc.

(2)(a)

1,400

56,677

MS&AD

Insurance

Group

Holdings,

Inc.

(2)(a)

1,400

36,534

Murata

Manufacturing

Co.

Ltd.

(2)

(a)

800

17,950

NGK

Corp.

(2)(a)

200

5,155

NIPPON

EXPRESS

HOLDINGS,

Inc.

(2)(a)

600

13,561

Nippon

Steel

Corp.

(2)(a)

4,000

14,750

Nippon

Yusen

KK

(2)(a)

400

14,694

Nissan

Chemical

Corp.

(2)(a)

500

19,443

Niterra

Co.

Ltd.

(2)(a)

600

28,291

Nomura

Holdings,

Inc.

(2)(a)

9,600

75,592

NTT,

Inc.

(2)(a)

36,900

36,917

Obayashi

Corp.

(2)(a)

1,200

29,065

Oji

Holdings

Corp.

(2)(a)

2,400

12,984

Omron

Corp.

(2)(a)

500

14,385

Ono

Pharmaceutical

Co.

Ltd.

(2)(a)

600

9,630

Open

House

Group

Co.

Ltd.

(2)(a)

100

6,409

ORIX

Corp.

(2)(a)

1,500

44,507

Otsuka

Holdings

Co.

Ltd.

(2)(a)

700

49,680

Panasonic

Holdings

Corp.

(2)(a)

2,600

43,606

Resona

Holdings,

Inc.

(2)(a)

2,800

31,942

Ricoh

Co.

Ltd.

(2)(a)

700

5,917

Rohm

Co.

Ltd.

(2)(a)

200

3,985

Seiko

Epson

Corp.

(2)(a)

600

7,418

Shimizu

Corp.

(2)(a)

2,500

44,853

Shiseido

Co.

Ltd.

(2)(a)

500

10,215

Shizuoka

Financial

Group,

Inc.

(2)

(a)

2,500

41,511

Sojitz

Corp.

(2)(a)

1,300

51,476

Sony

Financial

Group,

Inc.

(2)(a)(b)

17,500

16,031

Sumitomo

Corp.

(2)(a)

700

26,193

Sumitomo

Electric

Industries

Ltd.

(2)(a)

1,200

68,184

Sumitomo

Forestry

Co.

Ltd.

(2)(a)

2,100

19,107

Sumitomo

Metal

Mining

Co.

Ltd.

(2)(a)

300

17,461

Sumitomo

Mitsui

Trust

Group,

Inc.

(2)(a)

1,400

44,599

Taisei

Corp.

(2)(a)

200

20,720

TBS

Holdings,

Inc.

(2)(a)

400

14,413

Tokyo

Century

Corp.

(2)(a)

300

3,883

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(2)*(a)

7,100

29,256

Tokyo

Gas

Co.

Ltd.

(2)(a)

1,000

47,096

Tosoh

Corp.

(2)(a)

100

1,486

Toyo

Suisan

Kaisha

Ltd.

(2)(a)

200

14,065

Toyota

Industries

Corp.

(2)

53

6,854

Toyota

Motor

Corp.

(2)(a)

1,400

29,102

Toyota

Tsusho

Corp.

(2)(a)

700

27,130

USS

Co.

Ltd.

(2)(a)

500

5,259

Yamazaki

Baking

Co.

Ltd.

(2)(a)

700

15,647

Yokogawa

Electric

Corp.

(2)(a)

900

27,813

INVESTMENTS

SHARES

VALUE

($)

Japan

-

7.6%

(continued)

Zensho

Holdings

Co.

Ltd.

(2)(a)

100

5,838

2,133,819

Luxembourg

-

0

.1

%

ArcelorMittal

SA

(2)

740

38,378

Mexico

-

0

.0

%

†

Fresnillo

plc

(2)

155

6,871

Netherlands

-

1

.0

%

ABN

AMRO

Bank

NV,

CVA

(2)(a)(c)

1,284

40,704

Argenx

SE

(2)*(a)

8

5,806

ASML

Holding

NV

(2)(a)

74

98,402

ASR

Nederland

NV

(2)(a)

236

16,248

BE

Semiconductor

Industries

NV

(2)(a)

74

15,850

Koninklijke

Ahold

Delhaize

NV

(a)

483

22,493

Koninklijke

KPN

NV

(2)(a)

3,107

17,317

NN

Group

NV

(2)(a)

595

46,467

Randstad

NV

(2)(a)

232

6,055

SBM

Offshore

NV

(2)(a)

175

6,979

276,321

Nigeria

-

0

.0

%

†

Airtel

Africa

plc

(2)(c)

2,691

12,409

Norway

-

0

.3

%

Equinor

ASA

(2)(a)

607

25,861

Frontline

plc

(2)(a)

404

14,195

Kongsberg

Gruppen

ASA

(a)

212

9,037

Mowi

ASA

(2)(a)

93

2,115

Norsk

Hydro

ASA

(2)(a)

2,372

25,282

Orkla

ASA

(2)(a)

524

6,594

Storebrand

ASA

(2)(a)

279

5,036

88,120

Portugal

-

0

.1

%

Banco

Comercial

Portugues

SA,

Class

R

(2)

17,045

16,602

EDP

SA

(2)

522

2,762

19,364

Singapore

-

0

.2

%

DBS

Group

Holdings

Ltd.

(2)

500

22,250

Singapore

Technologies

Engineering

Ltd.

(2)

600

5,092

Singapore

Telecommunications

Ltd.

4,200

16,138

43,480

South

Africa

-

0

.0

%

†

Anglo

American

plc

(2)

65

2,791

Spain

-

0

.4

%

Acciona

SA

(2)(a)

12

3,156

ACS

Actividades

de

Construccion

y

Servicios

SA

(2)(a)

24

2,927

Bankinter

SA

(2)(a)

182

2,882

Enagas

SA

(a)

138

2,734

Fluidra

SA

(2)(a)

28

650

Indra

Sistemas

SA

(2)(a)

581

32,472

Mapfre

SA

(2)(a)

325

1,448

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

33

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Spain

-

0.4%

(continued)

Repsol

SA

(2)(a)

2,256

63,503

109,772

Sweden

-

1

.0

%

Alfa

Laval

AB

(2)(a)

169

9,244

Autoliv,

Inc.

(a)(b)

240

25,238

Boliden

AB

(2)*(a)

670

35,123

Embracer

Group

AB

(2)*(a)

124

639

Husqvarna

AB,

Class

B

(2)(a)

129

511

Saab

AB,

Class

B

(2)(a)

502

32,856

Sandvik

AB

(2)(a)

517

19,874

Securitas

AB,

Class

B

(2)(a)

279

4,673

SSAB

AB,

Class

B

(2)(a)

1,869

14,734

Svenska

Handelsbanken

AB,

Class

A

(2)(a)

523

6,895

Swedbank

AB,

Class

A

(2)(a)

535

18,235

Tele2

AB,

Class

B

(2)(a)

90

1,863

Telefonaktiebolaget

LM

Ericsson,

Class

B

(2)(a)

5,763

65,699

Telia

Co.

AB

(2)(a)

8,416

43,117

Volvo

AB,

Class

B

(2)(a)

642

21,109

299,810

Switzerland

-

0

.8

%

ABB

Ltd.

(Registered)

(2)(a)

932

75,778

Accelleron

Industries

AG

(2)(a)

44

3,977

Avolta

AG

(2)*(a)

55

3,298

Barry

Callebaut

AG

(Registered)

(2)(a)

7

12,310

Belimo

Holding

AG

(Registered)

(2)(a)

4

3,249

Clariant

AG

(Registered)

(2)*(a)

118

1,158

DSM-Firmenich

AG

(2)(a)

113

8,082

Flughafen

Zurich

AG

(Registered)

(2)(a)

54

16,909

Galderma

Group

AG

(2)(a)

31

6,093

Galenica

AG

(2)(a)(c)

54

6,148

Julius

Baer

Group

Ltd.

(2)(a)

47

3,457

Kuehne

+

Nagel

International

AG

(Registered)

(2)(a)

14

3,206

Logitech

International

SA

(Registered)

(2)(a)

61

5,665

Schindler

Holding

AG

(2)(a)

84

27,669

SGS

SA

(Registered)

(2)(a)

104

10,960

Swissquote

Group

Holding

SA

(Registered)

(2)(a)

22

10,928

Temenos

AG

(Registered)

(2)(a)

142

12,446

UBS

Group

AG

(Registered)

(2)(a)

210

8,189

VAT

Group

AG

(2)(a)(c)

18

11,229

230,751

Thailand

-

0

.1

%

Fabrinet

*(a)(b)

39

20,339

United

Kingdom

-

1

.0

%

Babcock

International

Group

plc

(2)(a)

236

3,664

Barclays

plc

(2)(a)

336

1,758

Bellway

plc

(2)(a)

92

2,262

Burberry

Group

plc

(2)*(a)

550

8,048

Centrica

plc

(2)(a)

10,368

29,356

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

1.0%

(continued)

easyJet

plc

(2)(a)

1,681

7,821

HSBC

Holdings

plc

(2)(a)

282

4,631

Imperial

Brands

plc

(2)(a)

106

4,298

Inchcape

plc

(a)

179

1,777

International

Consolidated

Airlines

Group

SA

(2)(a)

3,651

17,329

ITV

plc

(2)(a)

2,433

2,461

Lloyds

Banking

Group

plc

(2)(a)

61,674

76,441

NatWest

Group

plc

(2)(a)

874

6,475

Next

plc

(2)(a)

16

2,703

Rolls-Royce

Holdings

plc

(2)(a)

1,190

18,079

Severn

Trent

plc

(2)(a)

52

2,133

TechnipFMC

plc

(a)

631

43,621

Tesco

plc

(2)(a)

544

3,419

Unilever

plc

(2)(a)

210

11,529

Vodafone

Group

plc

(2)(a)

33,905

51,141

298,946

United

States

-

44

.0

%

3M

Co.

(a)(b)

283

41,100

A

O

Smith

Corp.

(a)(b)

60

3,956

Acadia

Healthcare

Co.,

Inc.

*(a)(b)

289

6,760

Accenture

plc,

Class

A

(a)

63

12,492

Acerinox

SA

(2)(a)

1,227

17,155

Acuity,

Inc.

(a)(b)

55

15,412

Adobe,

Inc.

*(a)

540

131,262

ADT,

Inc.

(a)

5,321

34,959

Advanced

Drainage

Systems,

Inc.

(a)

9

1,234

Advanced

Micro

Devices,

Inc.

*(a)

(b)

26

5,289

Aegon

Ltd.

(2)(a)

6,213

45,437

AES

Corp.

(The)

(a)(b)

406

5,721

Aflac,

Inc.

(a)(b)

117

12,836

AGCO

Corp.

(a)

30

3,476

Agilent

Technologies,

Inc.

(a)(b)

773

88,106

Air

Lease

Corp.,

Class

A

(a)

37

2,403

Airbnb,

Inc.,

Class

A

*(a)

671

84,734

Akamai

Technologies,

Inc.

*(a)(b)

333

38,245

Albemarle

Corp.

(a)

181

32,495

Albertsons

Cos.,

Inc.,

Class

A

(a)(b)

355

6,049

Alcoa

Corp.

(a)

1,105

73,295

Alexandria

Real

Estate

Equities,

Inc.,

REIT

(a)(b)

1,210

56,168

Align

Technology,

Inc.

*(a)(b)

196

33,600

Allison

Transmission

Holdings,

Inc.

(a)(b)

46

5,385

Allstate

Corp.

(The)

(a)

95

19,697

Ally

Financial,

Inc.

(a)

1,118

43,859

Alphabet,

Inc.,

Class

A

(a)

89

25,593

Altria

Group,

Inc.

(a)

413

27,254

Amcor

plc

(a)(b)

410

16,298

Amentum

Holdings,

Inc.

*(a)(b)

599

15,622

Ameren

Corp.

(a)

465

51,113

American

Electric

Power

Co.,

Inc.

(a)

359

47,058

American

Water

Works

Co.,

Inc.

(a)(b)

165

22,455

AMETEK,

Inc.

(a)(b)

78

16,720

Amkor

Technology,

Inc.

(a)(b)

756

34,043

34

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

44.0%

(continued)

Amphenol

Corp.,

Class

A

(a)

293

37,021

Antero

Resources

Corp.

*(a)

540

22,918

AP

Moller

-

Maersk

A/S,

Class

B

(2)(a)

8

19,983

APA

Corp.

(a)

641

27,204

Apellis

Pharmaceuticals,

Inc.

*(a)(b)

127

5,109

API

Group

Corp.

*(a)(b)

103

4,174

Apollo

Global

Management,

Inc.

(a)(b)

114

12,702

Apple,

Inc.

(a)(b)

69

17,512

Applied

Industrial

Technologies,

Inc.

(a)

141

37,410

AppLovin

Corp.,

Class

A

*(a)(b)

45

17,910

AptarGroup,

Inc.

(a)

249

31,379

Aramark

(a)(b)

707

28,662

Arista

Networks,

Inc.

*(a)

290

35,606

Arrow

Electronics,

Inc.

*(a)

257

36,856

Ashland,

Inc.

(a)(b)

160

8,898

Associated

Banc-Corp.

(a)(b)

88

2,276

Assurant,

Inc.

(a)

11

2,396

Assured

Guaranty

Ltd.

(a)

171

13,933

AST

SpaceMobile,

Inc.

*(a)(b)

37

3,066

AT&T,

Inc.

(a)

1,212

35,136

ATI,

Inc.

*(a)

68

9,891

Atmos

Energy

Corp.

(a)(b)

222

41,008

Aurora

Innovation,

Inc.

*(a)(b)

1,441

5,937

Autodesk,

Inc.

*(a)

66

15,800

AutoNation,

Inc.

*(a)(b)

123

24,017

Avnet,

Inc.

(a)(b)

287

17,685

Axis

Capital

Holdings

Ltd.

(a)

398

40,361

Bank

of

America

Corp.

(a)

521

25,399

Bank

of

New

York

Mellon

Corp.

(The)

(a)(b)

333

39,504

Becton

Dickinson

&

Co.

(a)(b)

92

14,465

Best

Buy

Co.,

Inc.

(a)(b)

925

59,385

Biogen,

Inc.

*(a)(b)

87

15,950

Black

Hills

Corp.

(a)(b)

70

4,859

BOK

Financial

Corp.

(a)(b)

68

8,708

Booking

Holdings,

Inc.

(a)

2

8,421

Boston

Beer

Co.,

Inc.

(The),

Class

A

*(a)

10

2,304

Brink's

Co.

(The)

(a)(b)

15

1,554

Bristol-Myers

Squibb

Co.

(a)(b)

1,804

109,412

Broadcom,

Inc.

(a)

161

49,831

Brunswick

Corp.

(a)(b)

239

17,390

Bunge

Global

SA

(a)(b)

251

31,927

Burlington

Stores,

Inc.

*(a)(b)

108

35,141

Buzzi

SpA

(2)(a)

126

6,370

Cabot

Corp.

(a)(b)

102

7,682

CACI

International,

Inc.,

Class

A

*(a)(b)

41

22,299

Caesars

Entertainment,

Inc.

*(a)(b)

349

9,224

CarMax,

Inc.

*(a)(b)

898

37,339

Carnival

Corp.

(a)(b)

364

9,420

Carpenter

Technology

Corp.

(a)

40

15,766

Caterpillar,

Inc.

(a)(b)

116

82,181

CCC

Intelligent

Solutions

Holdings,

Inc.

*(a)

1,166

6,996

Celanese

Corp.,

Class

A

(a)

37

2,433

Cencora,

Inc.

(a)(b)

36

11,309

INVESTMENTS

SHARES

VALUE

($)

United

States

-

44.0%

(continued)

Centene

Corp.

*(a)

2,129

69,703

CF

Industries

Holdings,

Inc.

(a)

317

41,159

CH

Robinson

Worldwide,

Inc.

(a)(b)

27

4,484

Charles

Schwab

Corp.

(The)

(a)(b)

160

15,037

Charter

Communications,

Inc.,

Class

A

*(a)(b)

387

83,546

Chevron

Corp.

(a)

18

3,724

Chord

Energy

Corp.

(a)(b)

224

31,848

Chubb

Ltd.

(a)

264

86,046

Church

&

Dwight

Co.,

Inc.

(a)(b)

33

3,080

Churchill

Downs,

Inc.

(a)(b)

254

22,817

Ciena

Corp.

*(a)(b)

158

61,340

Cirrus

Logic,

Inc.

*(a)

58

8,388

Citigroup,

Inc.

(a)

422

47,859

Citizens

Financial

Group,

Inc.

(a)

876

52,534

Clarivate

plc

*(a)(b)

1,432

3,623

Clean

Harbors,

Inc.

*(a)

92

26,379

Clorox

Co.

(The)

(a)(b)

230

23,835

CMS

Energy

Corp.

(a)(b)

306

23,739

CNX

Resources

Corp.

*(a)(b)

234

9,021

Coca-Cola

Consolidated,

Inc.

(a)

299

57,330

Cognizant

Technology

Solutions

Corp.,

Class

A

(a)

817

50,123

Coherent

Corp.

*(a)(b)

24

5,717

Comfort

Systems

USA,

Inc.

(a)

38

52,402

Commvault

Systems,

Inc.

*(a)

94

7,322

Concentrix

Corp.

(a)(b)

302

8,263

ConocoPhillips

(a)(b)

384

50,688

Constellation

Energy

Corp.

(a)(b)

134

37,420

Cooper

Cos.,

Inc.

(The)

*(a)(b)

135

9,653

COPT

Defense

Properties,

REIT

(a)(b)

380

11,628

Corning,

Inc.

(a)(b)

154

20,939

Corpay,

Inc.

*(a)(b)

54

15,713

Crane

Co.

(a)

64

10,944

CRH

plc

(a)(b)

221

23,232

Crown

Holdings,

Inc.

(a)

746

74,787

CSX

Corp.

(a)(b)

1,406

57,716

CubeSmart,

REIT

(a)

711

26,058

Cummins,

Inc.

(a)

107

57,568

Curtiss-Wright

Corp.

(a)(b)

45

30,650

Danaher

Corp.

(a)

491

93,093

Darling

Ingredients,

Inc.

*(a)

209

12,927

DaVita,

Inc.

*(a)(b)

185

28,433

Delta

Air

Lines,

Inc.

(a)

1,142

75,920

DENTSPLY

SIRONA,

Inc.

(a)(b)

2,506

29,070

Dick's

Sporting

Goods,

Inc.

(a)(b)

95

18,838

Dillard's,

Inc.,

Class

A

(a)

6

3,433

Docusign,

Inc.,

Class

A

*(a)(b)

833

39,493

Domino's

Pizza,

Inc.

(a)

311

111,583

Donaldson

Co.,

Inc.

(a)(b)

114

9,675

Dover

Corp.

(a)

10

2,085

Dow,

Inc.

(a)(b)

2,540

105,790

DTE

Energy

Co.

(a)(b)

200

29,244

Duke

Energy

Corp.

(a)(b)

182

23,831

DuPont

de

Nemours,

Inc.

(a)(b)

82

3,756

East

West

Bancorp,

Inc.

(a)

126

13,452

Ecolab,

Inc.

(a)(b)

77

20,484

Edison

International

(a)(b)

1,155

84,523

Elastic

NV

*(a)

465

23,245

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

35

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

44.0%

(continued)

Electronic

Arts,

Inc.

(a)

72

14,679

elf

Beauty,

Inc.

*(a)(b)

148

8,970

Eli

Lilly

&

Co.

(a)

38

34,951

EMCOR

Group,

Inc.

(a)

71

52,420

EnerSys

(a)

30

5,212

Envista

Holdings

Corp.

*(a)(b)

329

8,347

EPAM

Systems,

Inc.

*(a)

40

5,416

EPR

Properties,

REIT

(a)(b)

94

4,696

Equity

LifeStyle

Properties,

Inc.,

REIT

(a)(b)

448

27,964

Essent

Group

Ltd.

(a)

65

3,799

Etsy,

Inc.

*(a)(b)

444

22,191

Evercore,

Inc.,

Class

A

(a)(b)

40

11,940

Everpure,

Inc.,

Class

A

*(a)(b)

35

2,066

Eversource

Energy

(a)(b)

633

43,854

Exelixis,

Inc.

*(a)

757

32,468

ExlService

Holdings,

Inc.

*(a)

1,477

44,975

Expedia

Group,

Inc.

(a)(b)

138

31,863

Exxon

Mobil

Corp.

(a)

103

17,475

Federal

Realty

Investment

Trust,

REIT

(a)

153

16,250

Federated

Hermes,

Inc.,

Class

B

(a)(b)

330

18,714

FedEx

Corp.

(a)

306

108,990

Ferguson

Enterprises,

Inc.

(a)

59

13,762

Fifth

Third

Bancorp

(a)(b)

286

13,288

First

Hawaiian,

Inc.

(a)(b)

235

5,790

First

Industrial

Realty

Trust,

Inc.,

REIT

(a)

89

5,149

First

Solar,

Inc.

*(a)

229

45,173

FirstCash

Holdings,

Inc.

(a)(b)

69

12,972

Flex

Ltd.

*(a)(b)

126

8,248

Flowserve

Corp.

(a)(b)

177

13,011

Fluor

Corp.

*(a)

357

16,654

FNB

Corp.

(a)(b)

547

9,146

Fortinet,

Inc.

*(a)(b)

855

69,871

FTI

Consulting,

Inc.

*(a)

19

3,359

Gaming

and

Leisure

Properties,

Inc.,

REIT

(a)

351

15,574

Gap,

Inc.

(The)

(a)

247

5,977

Garmin

Ltd.

(a)(b)

174

40,370

Gartner,

Inc.

*(a)(b)

388

61,436

GATX

Corp.

(a)(b)

7

1,195

GCI

Liberty,

Inc.,

Class

C

*(a)(b)

160

5,954

GE

Aerospace

(a)

108

30,647

GE

HealthCare

Technologies,

Inc.

(a)

100

7,118

GE

Vernova,

Inc.

(a)

23

20,077

General

Dynamics

Corp.

(a)

196

67,271

General

Motors

Co.

(a)

918

68,391

Globe

Life,

Inc.

(a)

63

8,768

Goldman

Sachs

Group,

Inc.

(The)

(a)(b)

61

51,605

Graco,

Inc.

(a)

188

15,914

Graham

Holdings

Co.,

Class

B

(a)

(b)

19

20,088

Greif,

Inc.,

Class

A

(a)(b)

38

2,549

GSK

plc

(2)(a)

869

23,937

Guidewire

Software,

Inc.

*(a)(b)

45

6,730

H&R

Block,

Inc.

(a)(b)

70

2,222

INVESTMENTS

SHARES

VALUE

($)

United

States

-

44.0%

(continued)

Haemonetics

Corp.

*(a)(b)

102

5,749

Halliburton

Co.

(a)(b)

406

15,830

Halozyme

Therapeutics,

Inc.

*(a)(b)

149

9,630

Hanover

Insurance

Group,

Inc.

(The)

(a)

74

12,828

Hartford

Insurance

Group,

Inc.

(The)

(a)

102

13,793

Hasbro,

Inc.

(a)(b)

709

66,362

HCA

Healthcare,

Inc.

(a)

79

37,386

Hewlett

Packard

Enterprise

Co.

(a)

(b)

2,361

56,215

Hexcel

Corp.

(a)(b)

37

2,994

Hilton

Grand

Vacations,

Inc.

*(a)(b)

224

8,763

Holcim

AG

(2)(a)

557

46,043

Honeywell

International,

Inc.

(a)

200

45,206

Host

Hotels

&

Resorts,

Inc.,

REIT

(a)(b)

376

7,204

Huntington

Ingalls

Industries,

Inc.

(a)

6

2,279

Huntsman

Corp.

(a)

2,630

35,005

Hyatt

Hotels

Corp.,

Class

A

(a)(b)

30

4,314

IAC,

Inc.

*(a)(b)

231

9,247

IDEXX

Laboratories,

Inc.

*(a)(b)

18

10,114

Illinois

Tool

Works,

Inc.

(a)

155

40,345

Illumina,

Inc.

*(a)(b)

697

85,912

Incyte

Corp.

*(a)(b)

252

23,718

Ingredion,

Inc.

(a)(b)

265

29,855

Insmed,

Inc.

*(a)(b)

61

9,975

Intel

Corp.

*(a)(b)

1,164

51,367

InterContinental

Hotels

Group

plc

(2)(a)

65

8,572

International

Bancshares

Corp.

(a)

(b)

92

6,191

International

Business

Machines

Corp.

(a)(b)

317

76,838

Invesco

Ltd.

(a)

832

20,209

IPG

Photonics

Corp.

*(a)(b)

38

4,354

Iridium

Communications,

Inc.

(a)

1,476

40,944

Iron

Mountain,

Inc.,

REIT

(a)

112

11,440

ITT,

Inc.

(a)

36

6,859

J

M

Smucker

Co.

(The)

(a)(b)

49

4,726

Jacobs

Solutions,

Inc.

(a)

317

40,348

Janus

Henderson

Group

plc

(a)

286

14,692

Jazz

Pharmaceuticals

plc

*(a)(b)

197

37,243

JB

Hunt

Transport

Services,

Inc.

(a)

372

78,827

Johnson

&

Johnson

(a)

59

14,422

Johnson

Controls

International

plc

(a)

193

25,273

Jones

Lang

LaSalle,

Inc.

*(a)(b)

51

15,520

Kinder

Morgan,

Inc.

(a)

847

28,400

Kite

Realty

Group

Trust,

REIT

(a)(b)

550

13,503

KLA

Corp.

(a)(b)

5

7,362

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

(a)(b)

45

2,591

Kroger

Co.

(The)

(a)

334

24,168

Kyndryl

Holdings,

Inc.

*(a)

1,010

13,251

Lam

Research

Corp.

(a)

350

74,781

Lamar

Advertising

Co.,

Class

A,

REIT

(a)(b)

237

30,018

Landstar

System,

Inc.

(a)

33

5,290

36

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

44.0%

(continued)

Las

Vegas

Sands

Corp.

(a)

1,174

63,255

Lear

Corp.

(a)

87

10,534

Leidos

Holdings,

Inc.

(a)(b)

126

19,596

Lennox

International,

Inc.

(a)

67

31,097

Leonardo

DRS,

Inc.

(a)

120

5,342

Linde

plc

(a)(b)

12

5,949

Lineage,

Inc.,

REIT

(a)

272

8,911

LivaNova

plc

*(a)

260

16,526

Lockheed

Martin

Corp.

(a)

148

89,449

Loews

Corp.

(a)(b)

72

7,685

Lowe's

Cos.,

Inc.

(a)(b)

228

53,872

Lucid

Group,

Inc.

*(a)(b)

257

2,449

LyondellBasell

Industries

NV,

Class

A

(a)(b)

251

20,221

Macy's,

Inc.

(a)

2,622

47,432

Manhattan

Associates,

Inc.

*(a)(b)

23

3,062

Marriott

Vacations

Worldwide

Corp.

(a)(b)

132

8,596

Marzetti

Co.

(The)

(a)

12

1,660

MasTec,

Inc.

*(a)

57

18,339

McDonald's

Corp.

(a)(b)

242

75,211

McKesson

Corp.

(a)

61

52,787

Medical

Properties

Trust,

Inc.,

REIT

(a)(b)

2,649

12,265

Medpace

Holdings,

Inc.

*(a)(b)

140

67,227

Merck

&

Co.,

Inc.

(a)

935

112,470

Mettler-Toledo

International,

Inc.

*(a)

38

47,926

MGIC

Investment

Corp.

(a)

398

10,448

Micron

Technology,

Inc.

(a)(b)

247

83,446

MKS,

Inc.

(a)

19

4,366

Moderna,

Inc.

*(a)(b)

100

5,080

Mohawk

Industries,

Inc.

*(a)(b)

623

61,341

Molson

Coors

Beverage

Co.,

Class

B

(a)(b)

146

6,287

Monolithic

Power

Systems,

Inc.

(a)

(b)

2

2,187

Monster

Beverage

Corp.

*(a)(b)

324

23,477

Moody's

Corp.

(a)(b)

70

30,538

Morningstar,

Inc.

(a)

73

12,341

Mosaic

Co.

(The)

(a)(b)

1,736

44,268

MSCI,

Inc.,

Class

A

(a)

52

28,029

Mueller

Industries,

Inc.

(a)(b)

472

52,298

Murphy

Oil

Corp.

(a)(b)

85

3,506

Nasdaq,

Inc.

(a)(b)

228

19,355

Natera,

Inc.

*(a)(b)

143

28,599

Netflix,

Inc.

*(a)

1,086

104,418

Neurocrine

Biosciences,

Inc.

*(a)

252

33,198

New

York

Times

Co.

(The),

Class

A

(a)(b)

582

48,731

NewMarket

Corp.

(a)(b)

7

4,487

Newmont

Corp.

(a)

444

48,063

News

Corp.,

Class

A

(a)(b)

497

12,390

Nextpower,

Inc.,

Class

A

*(a)(b)

225

27,124

NiSource,

Inc.

(a)(b)

431

20,110

Northern

Trust

Corp.

(a)

148

20,656

Northwestern

Energy

Group,

Inc.

(a)

60

3,956

Norwegian

Cruise

Line

Holdings

Ltd.

*(a)(b)

1,429

26,722

INVESTMENTS

SHARES

VALUE

($)

United

States

-

44.0%

(continued)

NOV,

Inc.

(a)

551

10,364

Novartis

AG

(Registered)

(2)(a)

706

108,366

NRG

Energy,

Inc.

(a)

40

5,846

Nutanix,

Inc.,

Class

A

*(a)

944

35,881

NVIDIA

Corp.

(a)(b)

232

40,461

Occidental

Petroleum

Corp.

(a)(b)

1,354

88,009

OGE

Energy

Corp.

(a)

179

8,585

Okta,

Inc.,

Class

A

*(a)(b)

243

19,127

Old

National

Bancorp

(a)(b)

482

10,652

Old

Republic

International

Corp.

(a)

289

11,531

Olin

Corp.

(a)(b)

689

20,484

Omega

Healthcare

Investors,

Inc.,

REIT

(a)(b)

700

30,674

Omnicom

Group,

Inc.

(a)(b)

1,067

80,356

ONE

Gas,

Inc.

(a)(b)

114

9,819

OneMain

Holdings,

Inc.

(a)

832

44,504

Onto

Innovation,

Inc.

*(a)

60

12,304

Oracle

Corp.

(a)

33

4,855

Organon

&

Co.

(a)(b)

573

3,432

Oshkosh

Corp.

(a)

60

8,833

Ovintiv,

Inc.

(a)

666

39,534

Owens

Corning

(a)(b)

656

70,992

PACCAR,

Inc.

(a)

226

26,103

Packaging

Corp.

of

America

(a)(b)

46

9,762

Park

Hotels

&

Resorts,

Inc.,

REIT

(a)(b)

3,168

33,359

Paylocity

Holding

Corp.

*(a)

176

19,015

PayPal

Holdings,

Inc.

(a)(b)

1,295

58,573

PBF

Energy,

Inc.,

Class

A

(a)(b)

127

6,048

Pegasystems,

Inc.

(a)

50

2,128

Penn

Entertainment,

Inc.

*(a)(b)

1,869

28,091

Penumbra,

Inc.

*(a)

55

18,060

PepsiCo,

Inc.

(a)(b)

165

25,623

Permian

Resources

Corp.,

Class

A

(a)

139

2,963

Pfizer,

Inc.

(a)

1,332

37,403

PG&E

Corp.

(a)

5,352

94,034

Philip

Morris

International,

Inc.

(a)

27

4,464

Phillips

66

(a)

188

34,250

Pinnacle

West

Capital

Corp.

(a)(b)

63

6,347

PNC

Financial

Services

Group,

Inc.

(The)

(a)(b)

392

81,571

Polaris,

Inc.

(a)(b)

309

16,841

Popular,

Inc.

(a)(b)

214

28,712

Portland

General

Electric

Co.

(a)

1,195

63,060

Primerica,

Inc.

(a)(b)

61

15,279

Principal

Financial

Group,

Inc.

(a)

391

35,233

Procore

Technologies,

Inc.

*(a)(b)

75

4,275

Prologis,

Inc.,

REIT

(a)(b)

179

23,660

Prosperity

Bancshares,

Inc.

(a)(b)

159

10,682

Prudential

Financial,

Inc.

(a)(b)

150

14,654

PVH

Corp.

(a)(b)

332

23,160

Ralph

Lauren

Corp.,

Class

A

(a)

46

15,824

Raymond

James

Financial,

Inc.

(a)

52

7,529

Reddit,

Inc.,

Class

A

*(a)(b)

16

2,154

Regeneron

Pharmaceuticals,

Inc.

(a)

53

40,950

Reinsurance

Group

of

America,

Inc.

(a)(b)

231

47,161

RenaissanceRe

Holdings

Ltd.

(a)(b)

155

46,071

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

37

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

44.0%

(continued)

Reynolds

Consumer

Products,

Inc.

(a)(b)

122

2,584

RH

*(a)(b)

155

21,672

RingCentral,

Inc.,

Class

A

(a)

190

7,066

Rivian

Automotive,

Inc.,

Class

A

*(a)(b)

1,499

22,560

Roche

Holding

AG

(2)(a)

1

414

Roivant

Sciences

Ltd.

*(a)

500

13,850

Roku,

Inc.,

Class

A

*(a)

37

3,501

Rollins,

Inc.

(a)(b)

348

18,587

Ross

Stores,

Inc.

(a)

292

63,256

Royal

Gold,

Inc.

(a)

41

10,434

Royalty

Pharma

plc,

Class

A

(a)(b)

353

16,933

RTX

Corp.

(a)

34

6,559

Ryder

System,

Inc.

(a)

161

32,958

Sabra

Health

Care

REIT,

Inc.,

REIT

(a)(b)

676

12,999

Saia,

Inc.

*(a)(b)

27

9,485

Salesforce,

Inc.

(a)

29

5,413

Sandisk

Corp.

*(a)(b)

85

54,004

Sanofi

SA

(2)(a)

532

51,375

Sarepta

Therapeutics,

Inc.

*(a)(b)

1,018

22,152

Schneider

National,

Inc.,

Class

B

(a)

48

1,265

Science

Applications

International

Corp.

(a)

253

24,015

Seagate

Technology

Holdings

plc

(a)(b)

75

29,382

Selective

Insurance

Group,

Inc.

(a)

454

34,227

SentinelOne,

Inc.,

Class

A

*(a)(b)

1,872

24,111

Service

Corp.

International

(a)(b)

269

22,195

Signify

NV

(2)(a)(c)

37

788

Simon

Property

Group,

Inc.,

REIT

(a)

135

25,182

Simpson

Manufacturing

Co.,

Inc.

(a)

11

1,888

Smurfit

Westrock

plc

(a)(b)

1,298

51,725

Snap,

Inc.,

Class

A

*(a)(b)

3,911

17,991

Snap-on,

Inc.

(a)(b)

74

26,878

Sonoco

Products

Co.

(a)(b)

220

11,900

Southwest

Airlines

Co.

(a)(b)

223

8,378

Southwest

Gas

Holdings,

Inc.

(a)(b)

25

2,173

Spire,

Inc.

(a)(b)

144

13,038

Sprouts

Farmers

Market,

Inc.

*(a)

(b)

805

62,090

SS&C

Technologies

Holdings,

Inc.

(a)

384

25,947

StandardAero,

Inc.

*(a)(b)

550

14,207

Stanley

Black

&

Decker,

Inc.

(a)(b)

33

2,345

State

Street

Corp.

(a)

225

28,476

Steel

Dynamics,

Inc.

(a)(b)

54

9,720

Stifel

Financial

Corp.

(a)

354

26,168

Synchrony

Financial

(a)

167

11,359

Synopsys,

Inc.

*(a)(b)

137

54,318

Talen

Energy

Corp.

*(a)

26

8,300

Target

Corp.

(a)

650

78,780

Taylor

Morrison

Home

Corp.,

Class

A

*(a)

726

42,282

TD

SYNNEX

Corp.

(a)(b)

67

11,304

Teleflex,

Inc.

(a)

103

12,320

Tenet

Healthcare

Corp.

*(a)(b)

81

15,286

INVESTMENTS

SHARES

VALUE

($)

United

States

-

44.0%

(continued)

Teradata

Corp.

*(a)(b)

126

3,229

Teradyne,

Inc.

(a)

30

8,894

Texas

Capital

Bancshares,

Inc.

*(a)

248

23,530

Texas

Instruments,

Inc.

(a)

16

3,106

Texas

Roadhouse,

Inc.,

Class

A

22

3,633

Textron,

Inc.

(a)(b)

649

56,826

TJX

Cos.,

Inc.

(The)

(a)

536

85,599

T-Mobile

US,

Inc.

(a)

341

71,620

Toll

Brothers,

Inc.

(a)(b)

387

52,814

Toro

Co.

(The)

(a)

318

29,714

Travel

+

Leisure

Co.

(a)

135

9,341

Travelers

Cos.,

Inc.

(The)

(a)(b)

245

71,462

Trex

Co.,

Inc.

*(a)(b)

268

9,761

Trimble,

Inc.

*(a)(b)

59

3,849

Truist

Financial

Corp.

(a)(b)

976

44,867

Tyson

Foods,

Inc.,

Class

A

(a)(b)

911

58,368

UiPath,

Inc.,

Class

A

*(a)(b)

1,403

15,573

Ultragenyx

Pharmaceutical,

Inc.

*(a)(b)

1,451

30,398

Under

Armour,

Inc.,

Class

A

*(a)(b)

1,652

9,763

Union

Pacific

Corp.

(a)(b)

227

55,075

United

Airlines

Holdings,

Inc.

*(a)

782

71,999

United

Parcel

Service,

Inc.,

Class

B

(a)(b)

835

82,147

United

Therapeutics

Corp.

*(a)

73

43,288

Unity

Software,

Inc.

*(a)(b)

582

12,769

Universal

Health

Services,

Inc.,

Class

B

(a)

71

12,707

Unum

Group

(a)(b)

136

9,932

US

Bancorp

(a)

981

51,022

Valaris

Ltd.

*(a)(b)

49

4,804

Valmont

Industries,

Inc.

(a)

29

11,588

Veeva

Systems,

Inc.,

Class

A

*(a)

261

45,847

Ventas,

Inc.,

REIT

(a)(b)

355

29,032

Versant

Media

Group,

Inc.

*(a)

1,209

44,757

Vertiv

Holdings

Co.,

Class

A

(a)

186

46,608

VF

Corp.

(a)(b)

3,657

62,132

Viatris,

Inc.

(a)(b)

1,182

15,969

Viking

Holdings

Ltd.

*(a)

453

33,286

Virtu

Financial,

Inc.,

Class

A

(a)

515

22,650

Voya

Financial,

Inc.

(a)(b)

48

3,279

Walmart,

Inc.

(a)(b)

553

68,727

Warner

Music

Group

Corp.,

Class

A

(a)(b)

1,615

41,247

Watts

Water

Technologies,

Inc.,

Class

A

(a)

88

25,546

Wayfair,

Inc.,

Class

A

*

114

8,574

WEC

Energy

Group,

Inc.

(a)(b)

143

16,555

Wells

Fargo

&

Co.

(a)

228

18,151

Welltower,

Inc.,

REIT

(a)(b)

93

18,387

WESCO

International,

Inc.

(a)(b)

74

20,248

Western

Union

Co.

(The)

(a)(b)

3,442

30,049

Westinghouse

Air

Brake

Technologies

Corp.

(a)

186

46,483

Westlake

Corp.

(a)(b)

132

15,420

WEX,

Inc.

*(a)

210

32,138

Williams-Sonoma,

Inc.

(a)(b)

140

25,526

Wintrust

Financial

Corp.

(a)(b)

49

6,808

Woodward,

Inc.

(a)

37

13,243

WW

Grainger,

Inc.

(a)(b)

3

3,272

38

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

44.0%

(continued)

Wynn

Resorts

Ltd.

(a)(b)

104

10,561

Zimmer

Biomet

Holdings,

Inc.

(a)(b)

44

3,978

Zions

Bancorp

NA

(a)

218

12,561

Zoom

Communications,

Inc.,

Class

A

*(a)

465

37,381

ZoomInfo

Technologies,

Inc.,

Class

A

*(a)(b)

1,976

11,816

12,534,711

TOTAL

COMMON

STOCKS

(Cost

$16,272,827)

18,690,850

PREFERRED

STOCKS

-

0.2%

Germany

-

0

.2

%

Volkswagen

AG

(Preference)

(2)(a)

(Cost

$60,185)

510

52,169

NO.

OF

RIGHTS

RIGHTS

-

0.0%

Italy

-

0

.0

%

Telecom

Italia

SpA,

expiring

4/1/2026

(2)*

(Cost

$–)

14,103

–

SHARES

SHORT-TERM

INVESTMENTS

-

84.3%

INVESTMENT

COMPANIES

-

44

.3

%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(d)(e)

315,273

315,273

Limited

Purpose

Cash

Investment

Fund,

3.65%

(d)

12,341,169

12,341,169

TOTAL

INVESTMENT

COMPANIES

(Cost

$12,656,137)

12,656,442

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

40

.0

%

U.S.

Treasury

Bills

3.77%,

4/2/2026

(2)(f)

$

2,500,000

2,499,748

3.77%,

4/9/2026

(2)(f)

910,000

909,270

3.71%,

4/30/2026

(2)(f)

828,000

825,579

3.77%,

5/7/2026

(2)(f)

2,342,000

2,333,469

3.76%,

5/14/2026

(2)(f)

1,109,000

1,104,178

3.78%,

5/21/2026

(2)(f)

264,000

262,670

3.70%,

6/4/2026

(2)(f)

109,000

108,300

3.55%,

6/25/2026

(2)(f)

178,000

176,492

3.59%,

8/27/2026

(2)(f)

282,000

277,832

3.60%,

9/3/2026

(2)(f)

829,000

816,177

3.67%,

10/1/2026

(2)(f)

2,150,000

2,110,764

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$11,424,594)

11,424,479

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$24,080,731)

24,080,921

INVESTMENTS

NO.

OF

CONTRACTS

VALUE

($)

PURCHASED

OPTIONS

-

0.3%

Put

Option

s

-

0

.3

%

Over-the-Counter

Equity

Index

Options

-

0

.3

%

S&P

500

Index

JPMC

Exercise

Price:

USD

6,500

Notional

Amount:

USD

2,611,408

Expiration

Date:

6/18/2026

(2)

4

89,037

NOTIONAL

AMOUNT

Interest

Rate

Swaptions

-

0

.0

%

†

2-Year

Interest

Rate

Swap,

Pays

SOFR

Quarterly,

Receives

3.23%

Quarterly

JPMC

Exercise

Rate:

3.23%

Expiration

Date:

6/17/2026

(2)

$

2,766,972

5,150

TOTAL

PURCHASED

OPTIONS

(Cost

$83,697)

94,187

TOTAL

LONG

POSITIONS

(Cost

$40,497,440)

42,918,127

SHARES

SHORT

POSITIONS

-

(73.0)%

COMMON

STOCKS

-

(72.9)%

Australia

-

(

2

.3

)

%

AGL

Energy

Ltd.

(2)

(

786

)

(

5,381

)

Ampol

Ltd.

(2)

(

686

)

(

15,911

)

APA

Group

(2)

(

2

)

(

14

)

Aristocrat

Leisure

Ltd.

(2)

(

347

)

(

11,029

)

Atlas

Arteria

Ltd.

(2)

(

2,300

)

(

6,821

)

CAR

Group

Ltd.

(2)

(

1,674

)

(

26,723

)

Cleanaway

Waste

Management

Ltd.

(2)

(

6,559

)

(

10,387

)

Cochlear

Ltd.

(2)

(

151

)

(

17,768

)

Coles

Group

Ltd.

(2)

(

1,748

)

(

26,508

)

Computershare

Ltd.

(2)

(

245

)

(

4,832

)

CSL

Ltd.

(2)

(

391

)

(

38,404

)

Domino's

Pizza

Enterprises

Ltd.

(2)

(

268

)

(

3,035

)

Fortescue

Ltd.

(2)

(

2,314

)

(

33,066

)

Harvey

Norman

Holdings

Ltd.

(2)

(

724

)

(

2,487

)

Insurance

Australia

Group

Ltd.

(

1,026

)

(

5,196

)

Lendlease

Corp.

Ltd.

(2)

(

1,220

)

(

2,809

)

Liontown

Ltd.

(2)

(

13,698

)

(

16,719

)

Lynas

Rare

Earths

Ltd.

(2)

(

6,353

)

(

86,257

)

Macquarie

Group

Ltd.

(2)

(

176

)

(

25,002

)

Medibank

Pvt

Ltd.

(2)

(

11,395

)

(

34,479

)

National

Australia

Bank

Ltd.

(2)

(

180

)

(

5,207

)

NEXTDC

Ltd.

(2)

(

2,689

)

(

21,499

)

Origin

Energy

Ltd.

(2)

(

257

)

(

2,212

)

Pro

Medicus

Ltd.

(2)

(

45

)

(

3,709

)

Ramsay

Health

Care

Ltd.

(2)

(

262

)

(

7,126

)

REA

Group

Ltd.

(2)

(

166

)

(

18,187

)

Reece

Ltd.

(2)

(

514

)

(

4,783

)

Rio

Tinto

plc

(2)

(

120

)

(

11,133

)

SEEK

Ltd.

(2)

(

563

)

(

5,532

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

39

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Australia

-

(2.3)%

(continued)

SGH

Ltd.

(2)

(

90

)

(

2,561

)

Suncorp

Group

Ltd.

(2)

(

906

)

(

10,168

)

Telix

Pharmaceuticals

Ltd.

(2)

(

568

)

(

5,438

)

Transurban

Group

(2)

(

1,871

)

(

18,251

)

Treasury

Wine

Estates

Ltd.

(2)

(

4,721

)

(

12,184

)

WiseTech

Global

Ltd.

(2)

(

358

)

(

9,659

)

Woodside

Energy

Group

Ltd.

(2)

(

3,512

)

(

83,365

)

Woolworths

Group

Ltd.

(2)

(

2,394

)

(

60,453

)

(654,295)

Belgium

-

(

0

.0

)

%

†

D'ieteren

Group

(2)

(

6

)

(

1,111

)

Financiere

de

Tubize

SA

(2)

(

27

)

(

6,698

)

(7,809)

Brazil

-

(

0

.3

)

%

MercadoLibre,

Inc.

(

46

)

(

79,535

)

Canada

-

(

3

.3

)

%

Alimentation

Couche-Tard,

Inc.

(

261

)

(

14,794

)

AltaGas

Ltd.

(

506

)

(

17,551

)

BCE,

Inc.

(

1,131

)

(

28,537

)

Bombardier,

Inc.,

Class

B

(

8

)

(

1,415

)

Brookfield

Asset

Management

Ltd.,

Class

A

(

845

)

(

37,570

)

Brookfield

Corp.,

Class

A

(

118

)

(

4,782

)

Cameco

Corp.

(

300

)

(

32,625

)

Canadian

Pacific

Kansas

City

Ltd.

(

23

)

(

1,810

)

Canadian

Tire

Corp.

Ltd.,

Class

A

(

90

)

(

12,104

)

Canadian

Utilities

Ltd.,

Class

A

(

900

)

(

31,611

)

CCL

Industries,

Inc.,

Class

B

(

144

)

(

9,022

)

CGI,

Inc.

(

301

)

(

22,005

)

Constellation

Software,

Inc.

(

14

)

(

24,576

)

Descartes

Systems

Group,

Inc.

(The)

(

116

)

(

8,309

)

Dollarama,

Inc.

(

202

)

(

24,792

)

Element

Fleet

Management

Corp.

(

423

)

(

9,174

)

Emera,

Inc.

(

643

)

(

33,331

)

Empire

Co.

Ltd.,

Class

A

(

74

)

(

2,651

)

Equinox

Gold

Corp.

(

788

)

(

11,380

)

Fairfax

Financial

Holdings

Ltd.

(

17

)

(

28,967

)

Fortis,

Inc.

(

589

)

(

32,861

)

Franco-Nevada

Corp.

(

127

)

(

31,446

)

G

Mining

Ventures

Corp.

(

70

)

(

2,457

)

Hudbay

Minerals,

Inc.

(

423

)

(

8,858

)

Hydro

One

Ltd.

(c)

(

1,595

)

(

65,870

)

IGM

Financial,

Inc.

(

51

)

(

2,430

)

Intact

Financial

Corp.

(

217

)

(

39,322

)

Keyera

Corp.

(

992

)

(

38,372

)

Metro,

Inc.,

Class

A

(

264

)

(

18,063

)

National

Bank

of

Canada

(

48

)

(

6,211

)

NexGen

Energy

Ltd.

(

633

)

(

7,344

)

Onex

Corp.

(

15

)

(

1,095

)

Open

Text

Corp.

(

1,021

)

(

22,753

)

RB

Global,

Inc.

(

177

)

(

16,975

)

Rogers

Communications,

Inc.,

Class

B

(

1,538

)

(

59,149

)

Saputo,

Inc.

(

422

)

(

13,184

)

Shopify,

Inc.,

Class

A

(

571

)

(

67,751

)

Stantec,

Inc.

(

36

)

(

3,112

)

INVESTMENTS

SHARES

VALUE

($)

Canada

-

(3.3)%

(continued)

Sun

Life

Financial,

Inc.

(

596

)

(

37,338

)

TC

Energy

Corp.

(

296

)

(

18,535

)

Thomson

Reuters

Corp.

(

405

)

(

36,555

)

TMX

Group

Ltd.

(

293

)

(

10,390

)

West

Fraser

Timber

Co.

Ltd.

(

150

)

(

9,797

)

WSP

Global,

Inc.

(

176

)

(

27,391

)

(934,265)

Chile

-

(

0

.0

)

%

†

Lundin

Mining

Corp.

(

540

)

(

13,466

)

China

-

(

0

.1

)

%

Prosus

NV

(2)

(

508

)

(

23,518

)

Congo,

Democratic

Republic

of

the

-

(

0

.0

)

%

†

Ivanhoe

Mines

Ltd.,

Class

A

(

357

)

(

3,051

)

Denmark

-

(

0

.9

)

%

ALK-Abello

A/S

(2)

(

44

)

(

1,391

)

Carlsberg

A/S,

Class

B

(

40

)

(

4,969

)

Coloplast

A/S,

Class

B

(2)

(

551

)

(

37,534

)

Demant

A/S

(2)

(

632

)

(

19,152

)

DSV

A/S

(2)

(

31

)

(

7,487

)

Novo

Nordisk

A/S,

Class

B

(2)

(

2,282

)

(

83,508

)

Novonesis

Novozymes,

Class

B

(2)

(

1,401

)

(

83,235

)

Pandora

A/S

(2)

(

47

)

(

3,359

)

ROCKWOOL

A/S,

Class

B

(2)

(

158

)

(

4,388

)

Royal

Unibrew

A/S

(

12

)

(

974

)

Tryg

A/S

(

639

)

(

15,231

)

(261,228)

Finland

-

(

0

.1

)

%

Kesko

OYJ,

Class

B

(2)

(

80

)

(

1,777

)

Sampo

OYJ,

Class

A

(

1,975

)

(

21,006

)

UPM-Kymmene

OYJ

(2)

(

314

)

(

9,828

)

(32,611)

France

-

(

1

.7

)

%

Accor

SA

(2)

(

292

)

(

14,005

)

AXA

SA

(2)

(

53

)

(

2,435

)

BioMerieux

(2)

(

63

)

(

6,731

)

Bollore

SE

(2)

(

337

)

(

1,927

)

Capgemini

SE

(2)

(

58

)

(

6,844

)

Cie

de

Saint-Gobain

SA

(2)

(

367

)

(

30,386

)

Cie

Generale

des

Etablissements

Michelin

SCA

(2)

(

535

)

(

18,329

)

Dassault

Systemes

SE

(2)

(

2,483

)

(

50,266

)

Engie

SA

(2)

(

1,924

)

(

62,006

)

EssilorLuxottica

SA

(2)

(

281

)

(

65,480

)

FDJ

UNITED

(2)

(

273

)

(

8,034

)

Hermes

International

SCA

(2)

(

7

)

(

13,260

)

L'Oreal

SA

(2)

(

76

)

(

31,030

)

Orange

SA

(2)

(

2,612

)

(

53,554

)

Pernod

Ricard

SA

(2)

(

677

)

(

50,343

)

Publicis

Groupe

SA

(2)

(

175

)

(

14,485

)

Remy

Cointreau

SA

(2)

(

158

)

(

6,832

)

Sodexo

SA

(2)

(

196

)

(

10,061

)

SPIE

SA

(2)

(

73

)

(

3,656

)

Technip

Energies

NV

(2)

(

343

)

(

14,494

)

Teleperformance

SE

(2)

(

126

)

(

7,404

)

40

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

France

-

(1.7)%

(continued)

Vivendi

SE

(2)

(

757

)

(

1,570

)

(473,132)

Germany

-

(

2

.2

)

%

Allianz

SE

(Registered)

(2)

(

200

)

(

84,463

)

Auto1

Group

SE

(2)(g)

(

209

)

(

3,721

)

BASF

SE

(2)

(

556

)

(

34,244

)

Bechtle

AG

(2)

(

90

)

(

3,104

)

Beiersdorf

AG

(2)

(

189

)

(

16,989

)

Carl

Zeiss

Meditec

AG

(2)

(

97

)

(

2,788

)

CTS

Eventim

AG

&

Co.

KGaA

(2)

(

375

)

(

21,964

)

Deutsche

Telekom

AG

(Registered)

(2)

(

486

)

(

18,139

)

Evonik

Industries

AG

(2)

(

445

)

(

8,732

)

Hannover

Rueck

SE

(2)

(

56

)

(

17,606

)

Hensoldt

AG

(2)

(

208

)

(

18,460

)

HOCHTIEF

AG

(2)

(

18

)

(

8,188

)

Infineon

Technologies

AG

(2)

(

1,532

)

(

69,501

)

LANXESS

AG

(2)

(

335

)

(

7,407

)

Merck

KGaA

(2)

(

41

)

(

5,209

)

MTU

Aero

Engines

AG

(2)

(

58

)

(

21,160

)

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

(Registered)

(2)

(

69

)

(

43,576

)

Nemetschek

SE

(2)

(

237

)

(

17,742

)

Nordex

SE

(2)

(

163

)

(

8,833

)

Rational

AG

(2)

(

7

)

(

5,136

)

RENK

Group

AG

(2)

(

267

)

(

15,959

)

Rheinmetall

AG

(2)

(

27

)

(

45,543

)

SAP

SE

(2)

(

358

)

(

61,033

)

Schaeffler

AG

(2)

(

388

)

(

3,241

)

Scout24

SE

(2)(c)

(

38

)

(

2,932

)

Siemens

Healthineers

AG

(2)(c)

(

807

)

(

34,432

)

Symrise

AG,

Class

A

(2)

(

601

)

(

51,320

)

Zalando

SE

(2)(c)

(

160

)

(

3,909

)

(635,331)

Italy

-

(

0

.6

)

%

BPER

Banca

SpA

(2)

(

1,308

)

(

17,142

)

Brunello

Cucinelli

SpA

(2)

(

83

)

(

7,254

)

Coca-Cola

HBC

AG

(2)

(

292

)

(

16,448

)

DiaSorin

SpA

(2)

(

213

)

(

14,923

)

ERG

SpA

(2)

(

118

)

(

3,013

)

Ferrari

NV

(2)

(

212

)

(

71,933

)

Fincantieri

SpA

(2)

(

402

)

(

6,203

)

Hera

SpA

(2)

(

2,785

)

(

12,846

)

Infrastrutture

Wireless

Italiane

SpA

(2)(c)

(

1,309

)

(

10,446

)

Reply

SpA

(2)

(

112

)

(

10,540

)

(170,748)

Japan

-

(

9

.5

)

%

Ajinomoto

Co.,

Inc.

(2)

(

1,000

)

(

28,271

)

Allegro

MicroSystems,

Inc.

(

296

)

(

9,333

)

Asahi

Group

Holdings

Ltd.

(2)

(

3,100

)

(

30,952

)

Asics

Corp.

(2)

(

1,600

)

(

43,016

)

BayCurrent,

Inc.

(2)

(

1,300

)

(

37,630

)

Bridgestone

Corp.

(2)

(

2,800

)

(

58,347

)

Capcom

Co.

Ltd.

(2)

(

1,900

)

(

40,151

)

Chiba

Bank

Ltd.

(The)

(2)

(

100

)

(

1,294

)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(9.5)%

(continued)

CyberAgent,

Inc.

(2)

(

300

)

(

2,567

)

Daifuku

Co.

Ltd.

(2)

(

500

)

(

17,655

)

Daiichi

Sankyo

Co.

Ltd.

(2)

(

2,600

)

(

46,516

)

Daikin

Industries

Ltd.

(2)

(

100

)

(

11,995

)

Daiwa

Securities

Group,

Inc.

(2)

(

2,900

)

(

27,479

)

Denso

Corp.

(2)

(

900

)

(

11,284

)

Dentsu

Group,

Inc.

(2)

(

300

)

(

5,156

)

East

Japan

Railway

Co.

(2)

(

600

)

(

13,723

)

Eisai

Co.

Ltd.

(2)

(

300

)

(

9,392

)

FANUC

Corp.

(2)

(

700

)

(

24,400

)

Fast

Retailing

Co.

Ltd.

(2)

(

100

)

(

39,511

)

FUJIFILM

Holdings

Corp.

(2)

(

200

)

(

3,811

)

Fujitsu

Ltd.

(2)

(

1,100

)

(

22,496

)

Hitachi

Ltd.

(2)

(

1,600

)

(

46,937

)

Honda

Motor

Co.

Ltd.

(2)

(

5,200

)

(

42,087

)

Hoshizaki

Corp.

(2)

(

200

)

(

6,438

)

Hoya

Corp.

(2)

(

400

)

(

69,344

)

Ibiden

Co.

Ltd.

(2)

(

1,400

)

(

70,057

)

Isuzu

Motors

Ltd.

(2)

(

400

)

(

5,760

)

ITOCHU

Corp.

(2)

(

2,900

)

(

36,889

)

Kao

Corp.

(

100

)

(

3,893

)

KDDI

Corp.

(2)

(

1,100

)

(

18,729

)

Keisei

Electric

Railway

Co.

Ltd.

(2)

(

1,300

)

(

9,727

)

Keyence

Corp.

(2)

(

400

)

(

142,364

)

Kikkoman

Corp.

(2)

(

1,700

)

(

15,434

)

Kioxia

Holdings

Corp.

(2)

(

100

)

(

13,060

)

Kobe

Bussan

Co.

Ltd.

(2)

(

1,400

)

(

30,295

)

Kokusai

Electric

Corp.

(2)

(

300

)

(

10,144

)

Konami

Group

Corp.

(2)

(

100

)

(

12,323

)

Kyowa

Kirin

Co.

Ltd.

(2)

(

200

)

(

3,273

)

Lasertec

Corp.

(2)

(

400

)

(

89,029

)

M3,

Inc.

(2)

(

3,600

)

(

36,952

)

MatsukiyoCocokara

&

Co.

(

500

)

(

7,958

)

MINEBEA

MITSUMI,

Inc.

(2)

(

400

)

(

6,642

)

Mitsubishi

HC

Capital,

Inc.

(2)

(

500

)

(

4,487

)

Mitsubishi

UFJ

Financial

Group,

Inc.

(2)

(

4,300

)

(

72,816

)

MonotaRO

Co.

Ltd.

(2)

(

2,600

)

(

28,183

)

Nexon

Co.

Ltd.

(2)

(

700

)

(

13,186

)

NIDEC

Corp.

(2)

(

1,600

)

(

20,317

)

Nintendo

Co.

Ltd.

(2)

(

1,600

)

(

91,337

)

Nippon

Paint

Holdings

Co.

Ltd.

(2)

(

2,700

)

(

16,930

)

Nippon

Sanso

Holdings

Corp.

(2)

(

500

)

(

17,729

)

Nissin

Foods

Holdings

Co.

Ltd.

(2)

(

1,200

)

(

22,776

)

Nitori

Holdings

Co.

Ltd.

(2)

(

1,000

)

(

15,888

)

Nitto

Denko

Corp.

(2)

(

1,100

)

(

22,005

)

Nomura

Research

Institute

Ltd.

(2)

(

2,400

)

(

65,682

)

Obic

Co.

Ltd.

(

1,300

)

(

31,553

)

Olympus

Corp.

(2)

(

4,300

)

(

40,968

)

Oracle

Corp.

Japan

(

100

)

(

5,423

)

Oriental

Land

Co.

Ltd.

(2)

(

4,100

)

(

69,781

)

Osaka

Gas

Co.

Ltd.

(2)

(

500

)

(

20,252

)

Pan

Pacific

International

Holdings

Corp.

(2)

(

3,300

)

(

20,131

)

Rakuten

Group,

Inc.

(2)

(

3,700

)

(

17,296

)

Recruit

Holdings

Co.

Ltd.

(2)

(

1,000

)

(

43,570

)

Resonac

Holdings

Corp.

(2)

(

500

)

(

32,542

)

Sanrio

Co.

Ltd.

(2)

(

3,500

)

(

21,760

)

Sanwa

Holdings

Corp.

(2)

(

200

)

(

4,548

)

SCREEN

Holdings

Co.

Ltd.

(2)

(

800

)

(

47,661

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

41

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(9.5)%

(continued)

Secom

Co.

Ltd.

(2)

(

600

)

(

22,854

)

Seibu

Holdings,

Inc.

(2)

(

600

)

(

16,763

)

Sekisui

Chemical

Co.

Ltd.

(2)

(

900

)

(

15,110

)

Sekisui

House

Ltd.

(2)

(

500

)

(

11,204

)

SG

Holdings

Co.

Ltd.

(

1,900

)

(

17,700

)

Shimadzu

Corp.

(2)

(

200

)

(

4,753

)

Shimano,

Inc.

(2)

(

400

)

(

41,761

)

Shionogi

&

Co.

Ltd.

(2)

(

1,100

)

(

24,333

)

SoftBank

Corp.

(2)

(

13,100

)

(

17,529

)

SoftBank

Group

Corp.

(2)

(

1,500

)

(

36,525

)

Sompo

Holdings,

Inc.

(2)

(

300

)

(

11,678

)

Sony

Group

Corp.

(2)

(

2,000

)

(

41,685

)

Square

Enix

Holdings

Co.

Ltd.

(2)

(

300

)

(

4,781

)

Sumitomo

Mitsui

Financial

Group,

Inc.

(2)

(

3,200

)

(

105,217

)

Suntory

Beverage

&

Food

Ltd.

(2)

(

400

)

(

11,296

)

Suzuki

Motor

Corp.

(2)

(

400

)

(

4,875

)

Sysmex

Corp.

(2)

(

500

)

(

4,360

)

TDK

Corp.

(2)

(

200

)

(

2,598

)

Terumo

Corp.

(2)

(

900

)

(

12,091

)

TIS,

Inc.

(2)

(

1,400

)

(

29,934

)

Toei

Animation

Co.

Ltd.

(2)

(

300

)

(

4,939

)

Toho

Co.

Ltd.

(

2,000

)

(

21,008

)

Tokio

Marine

Holdings,

Inc.

(2)

(

1,100

)

(

51,635

)

Tokyo

Electron

Ltd.

(2)

(

300

)

(

74,535

)

Tokyu

Corp.

(2)

(

800

)

(

9,443

)

Trend

Micro,

Inc.

(2)

(

1,000

)

(

33,337

)

Unicharm

Corp.

(

3,900

)

(

22,866

)

West

Japan

Railway

Co.

(

1,100

)

(

21,680

)

Yakult

Honsha

Co.

Ltd.

(2)

(

2,000

)

(

33,467

)

Yamaha

Motor

Co.

Ltd.

(2)

(

3,400

)

(

24,563

)

Yaskawa

Electric

Corp.

(2)

(

800

)

(

21,129

)

Yokohama

Rubber

Co.

Ltd.

(The)

(2)

(

200

)

(

7,674

)

ZOZO,

Inc.

(2)

(

5,200

)

(

36,415

)

(2,708,873)

Kazakhstan

-

(

0

.0

)

%

†

Freedom

Holding

Corp.

(

52

)

(

7,534

)

Luxembourg

-

(

0

.0

)

%

†

CVC

Capital

Partners

plc

(2)(c)

(

1,026

)

(

13,395

)

Netherlands

-

(

0

.7

)

%

Aalberts

NV

(2)

(

64

)

(

2,229

)

Adyen

NV

(2)(c)

(

61

)

(

61,051

)

Arcadis

NV

(2)

(

277

)

(

8,862

)

ASM

International

NV

(2)

(

21

)

(

15,917

)

EXOR

NV

(2)

(

136

)

(

10,411

)

Heineken

NV

(2)

(

128

)

(

9,846

)

Koninklijke

Vopak

NV

(2)

(

20

)

(

1,083

)

NXP

Semiconductors

NV

(

123

)

(

24,214

)

Universal

Music

Group

NV

(2)

(

2,348

)

(

45,576

)

Wolters

Kluwer

NV

(2)

(

207

)

(

15,460

)

(194,649)

New

Zealand

-

(

0

.0

)

%

†

Xero

Ltd.

(2)

(

73

)

(

3,858

)

INVESTMENTS

SHARES

VALUE

($)

Norway

-

(

0

.2

)

%

Aker

BP

ASA

(2)

(

1,118

)

(

41,331

)

Gjensidige

Forsikring

ASA

(2)

(

229

)

(

5,990

)

Telenor

ASA

(

241

)

(

4,239

)

TOMRA

Systems

ASA

(2)

(

551

)

(

6,643

)

Vend

Marketplaces

ASA

(

186

)

(

4,603

)

(62,806)

Portugal

-

(

0

.1

)

%

Jeronimo

Martins

SGPS

SA

(2)

(

816

)

(

19,512

)

Singapore

-

(

0

.8

)

%

CapitaLand

Investment

Ltd.

(2)

(

3,500

)

(

7,450

)

Genting

Singapore

Ltd.

(2)

(

25,900

)

(

13,669

)

Grab

Holdings

Ltd.,

Class

A

(

26,365

)

(

96,497

)

Keppel

Ltd.

(2)

(

500

)

(

4,606

)

Oversea-Chinese

Banking

Corp.

Ltd.

(2)

(

1,700

)

(

29,117

)

Sea

Ltd.,

ADR

(

388

)

(

32,130

)

Sembcorp

Industries

Ltd.

(2)

(

5,800

)

(

30,120

)

United

Overseas

Bank

Ltd.

(2)

(

300

)

(

8,588

)

(222,177)

South

Korea

-

(

0

.0

)

%

†

Delivery

Hero

SE

(2)(c)

(

340

)

(

6,318

)

Spain

-

(

1

.0

)

%

Aena

SME

SA

(c)

(

634

)

(

18,701

)

Amadeus

IT

Group

SA

(2)

(

336

)

(

19,213

)

CaixaBank

SA

(2)

(

3,991

)

(

47,843

)

Cellnex

Telecom

SA

(2)(c)

(

896

)

(

28,811

)

Endesa

SA

(

646

)

(

26,940

)

Iberdrola

SA

(2)

(

4,727

)

(

108,221

)

Industria

de

Diseno

Textil

SA

(2)

(

52

)

(

3,027

)

Redeia

Corp.

SA

(2)

(

482

)

(

8,170

)

Telefonica

SA

(2)

(

1,659

)

(

7,259

)

Unicaja

Banco

SA

(2)(c)

(

1,971

)

(

5,849

)

(274,034)

Sweden

-

(

1

.3

)

%

AAK

AB

(2)

(

1,045

)

(

26,912

)

AddTech

AB,

Class

B

(2)

(

646

)

(

22,167

)

Assa

Abloy

AB,

Class

B

(2)

(

2,218

)

(

80,176

)

Atlas

Copco

AB,

Class

A

(2)

(

6,272

)

(

110,680

)

Elekta

AB,

Class

B

(2)

(

284

)

(

1,680

)

EQT

AB

(2)

(

407

)

(

12,628

)

Evolution

AB

(2)(c)

(

168

)

(

10,559

)

Getinge

AB,

Class

B

(2)

(

108

)

(

2,180

)

Hexagon

AB,

Class

B

(2)

(

1,633

)

(

15,893

)

Indutrade

AB

(2)

(

547

)

(

12,542

)

Lifco

AB,

Class

B

(2)

(

740

)

(

22,387

)

Nibe

Industrier

AB,

Class

B

(2)

(

2,752

)

(

11,499

)

Skanska

AB,

Class

B

(2)

(

154

)

(

4,166

)

Svenska

Cellulosa

AB

SCA,

Class

B

(2)

(

1,404

)

(

16,278

)

Swedish

Orphan

Biovitrum

AB

(2)

(

294

)

(

12,322

)

Trelleborg

AB,

Class

B

(2)

(

229

)

(

8,564

)

(370,633)

42

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Switzerland

-

(

1

.7

)

%

Bachem

Holding

AG,

Class

B

(2)

(

73

)

(

6,024

)

Banque

Cantonale

Vaudoise

(Registered)

(2)

(

98

)

(

15,939

)

BKW

AG

(2)

(

41

)

(

8,084

)

Chocoladefabriken

Lindt

&

Spruengli

AG

(2)

(

4

)

(

56,168

)

Cie

Financiere

Richemont

SA

(Registered)

(2)

(

102

)

(

18,010

)

EMS-Chemie

Holding

AG

(Registered)

(2)

(

12

)

(

9,435

)

Geberit

AG

(Registered)

(2)

(

5

)

(

3,375

)

Georg

Fischer

AG

(Registered)

(2)

(

99

)

(

5,107

)

Givaudan

SA

(Registered)

(2)

(

6

)

(

20,289

)

Helvetia

Baloise

Holding

AG

(2)

(

89

)

(

23,034

)

Partners

Group

Holding

AG

(2)

(

35

)

(

37,724

)

Sandoz

Group

AG

(2)

(

127

)

(

9,951

)

SIG

Group

AG

(2)

(

861

)

(

12,907

)

Sika

AG

(Registered)

(2)

(

307

)

(

50,814

)

Sonova

Holding

AG

(Registered)

(2)

(

76

)

(

17,329

)

Straumann

Holding

AG

(Registered)

(2)

(

278

)

(

29,085

)

Sulzer

AG

(Registered)

(2)

(

11

)

(

2,306

)

Swatch

Group

AG

(The)

(2)

(

65

)

(

14,350

)

Swiss

Life

Holding

AG

(Registered)

(2)

(

84

)

(

91,494

)

Swisscom

AG

(Registered)

(2)

(

9

)

(

7,552

)

Tecan

Group

AG

(Registered)

(2)

(

69

)

(

11,745

)

Ypsomed

Holding

AG

(Registered)

(2)

(

9

)

(

3,155

)

Zurich

Insurance

Group

AG

(2)

(

55

)

(

38,875

)

(492,752)

United

Kingdom

-

(

1

.5

)

%

Admiral

Group

plc

(2)

(

38

)

(

1,589

)

Associated

British

Foods

plc

(2)

(

1,065

)

(

26,660

)

AstraZeneca

plc

(2)

(

293

)

(

57,294

)

Autotrader

Group

plc

(2)(c)

(

935

)

(

5,852

)

Aviva

plc

(2)

(

1,223

)

(

9,815

)

B&M

European

Value

Retail

plc

(2)

(

1,134

)

(

2,546

)

BAE

Systems

plc

(2)

(

316

)

(

9,265

)

Bunzl

plc

(2)

(

1,262

)

(

37,994

)

Compass

Group

plc

(2)

(

92

)

(

2,567

)

Convatec

Group

plc

(2)(c)

(

860

)

(

2,481

)

Diageo

plc

(2)

(

4,429

)

(

82,368

)

Diploma

plc

(2)

(

149

)

(

11,896

)

Entain

plc

(2)

(

1,784

)

(

13,402

)

Games

Workshop

Group

plc

(2)

(

18

)

(

4,255

)

ICG

plc

(2)

(

120

)

(

2,461

)

Informa

plc

(2)

(

1,443

)

(

14,493

)

M&G

plc

(2)

(

1,445

)

(

5,249

)

Man

Group

plc

(2)

(

1,260

)

(

4,242

)

Marks

&

Spencer

Group

plc

(2)

(

2,364

)

(

10,652

)

National

Grid

plc

(2)

(

198

)

(

3,342

)

Pearson

plc

(2)

(

252

)

(

3,322

)

Persimmon

plc

(2)

(

176

)

(

2,512

)

RELX

plc

(2)

(

95

)

(

3,112

)

Rightmove

plc

(2)

(

588

)

(

3,364

)

Rotork

plc

(2)

(

562

)

(

2,337

)

RS

GROUP

plc

(2)

(

420

)

(

3,145

)

Sage

Group

plc

(The)

(2)

(

1,570

)

(

17,592

)

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

(1.5)%

(continued)

Smith

&

Nephew

plc

(2)

(

408

)

(

6,464

)

Smiths

Group

plc

(2)

(

451

)

(

13,763

)

SSE

plc

(2)

(

609

)

(

21,052

)

Standard

Chartered

plc

(2)

(

163

)

(

3,397

)

Tate

&

Lyle

plc

(

618

)

(

2,961

)

United

Utilities

Group

plc

(2)

(

1,055

)

(

18,395

)

Weir

Group

plc

(The)

(2)

(

281

)

(

10,538

)

Wise

plc,

Class

A

(2)

(

1,422

)

(

17,124

)

(437,501)

United

States

-

(

44

.6

)

%

AAON,

Inc.

(

148

)

(

12,247

)

Abbott

Laboratories

(

449

)

(

46,099

)

AbbVie,

Inc.

(

504

)

(

109,615

)

Advanced

Energy

Industries,

Inc.

(

89

)

(

28,721

)

AECOM

(

348

)

(

29,517

)

AeroVironment,

Inc.

(

211

)

(

38,624

)

Affirm

Holdings,

Inc.,

Class

A

(

68

)

(

3,116

)

Agree

Realty

Corp.,

REIT

(

38

)

(

2,864

)

Air

Products

and

Chemicals,

Inc.

(

138

)

(

40,088

)

Alaska

Air

Group,

Inc.

(

489

)

(

17,985

)

Alcon

AG

(2)

(

581

)

(

43,918

)

Allegion

plc

(

89

)

(

12,931

)

Alliant

Energy

Corp.

(

420

)

(

30,139

)

Alnylam

Pharmaceuticals,

Inc.

(

259

)

(

85,695

)

Amazon.com,

Inc.

(

227

)

(

47,277

)

American

Airlines

Group,

Inc.

(

1,053

)

(

11,309

)

American

Financial

Group,

Inc.

(

117

)

(

14,942

)

American

Healthcare

REIT,

Inc.,

REIT

(

1,490

)

(

70,268

)

American

International

Group,

Inc.

(

303

)

(

22,801

)

American

Tower

Corp.,

REIT

(

20

)

(

3,452

)

Americold

Realty

Trust,

Inc.,

REIT

(

250

)

(

2,865

)

Amgen,

Inc.

(

124

)

(

43,629

)

Analog

Devices,

Inc.

(

31

)

(

9,862

)

Aon

plc,

Class

A

(

91

)

(

29,373

)

Appfolio,

Inc.,

Class

A

(

198

)

(

31,248

)

Applied

Materials,

Inc.

(

195

)

(

66,649

)

Aptiv

plc

(

418

)

(

29,026

)

Arch

Capital

Group

Ltd.

(

143

)

(

13,727

)

Armstrong

World

Industries,

Inc.

(

133

)

(

21,918

)

Arrowhead

Pharmaceuticals,

Inc.

(

883

)

(

55,364

)

Arthur

J

Gallagher

&

Co.

(

390

)

(

84,466

)

ASGN,

Inc.

(

86

)

(

3,329

)

Astera

Labs,

Inc.

(

371

)

(

40,662

)

Atlassian

Corp.,

Class

A

(

43

)

(

2,935

)

Automatic

Data

Processing,

Inc.

(

18

)

(

3,657

)

AutoZone,

Inc.

(

3

)

(

10,133

)

AvalonBay

Communities,

Inc.,

REIT

(

172

)

(

28,096

)

Avient

Corp.

(

70

)

(

2,541

)

Avis

Budget

Group,

Inc.

(

373

)

(

54,402

)

Axon

Enterprise,

Inc.

(

153

)

(

64,978

)

Bank

OZK

(

365

)

(

16,750

)

Bath

&

Body

Works,

Inc.

(

189

)

(

3,529

)

Baxter

International,

Inc.

(

730

)

(

12,264

)

Belden,

Inc.

(

135

)

(

15,502

)

Bentley

Systems,

Inc.,

Class

B

(

751

)

(

26,375

)

Bio-Techne

Corp.

(

799

)

(

41,756

)

BJ's

Wholesale

Club

Holdings,

Inc.

(

217

)

(

21,357

)

Blackbaud,

Inc.

(

99

)

(

3,822

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

43

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(44.6)%

(continued)

Blackrock,

Inc.

(

15

)

(

14,426

)

Blackstone,

Inc.

(

108

)

(

12,419

)

Block,

Inc.,

Class

A

(

790

)

(

47,542

)

Bloom

Energy

Corp.,

Class

A

(

129

)

(

17,478

)

Boeing

Co.

(The)

(

191

)

(

38,015

)

Boston

Scientific

Corp.

(

1,085

)

(

68,084

)

Bright

Horizons

Family

Solutions,

Inc.

(

35

)

(

2,875

)

Broadridge

Financial

Solutions,

Inc.

(

22

)

(

3,575

)

Brown

&

Brown,

Inc.

(

297

)

(

19,367

)

Builders

FirstSource,

Inc.

(

397

)

(

32,685

)

BWX

Technologies,

Inc.

(

159

)

(

32,514

)

BXP,

Inc.,

REIT

(

256

)

(

13,286

)

Cadence

Design

Systems,

Inc.

(

89

)

(

24,730

)

Campbell's

Co.

(The)

(

673

)

(

14,988

)

Cardinal

Health,

Inc.

(

341

)

(

72,057

)

Carlisle

Cos.,

Inc.

(

45

)

(

15,013

)

Carrier

Global

Corp.

(

271

)

(

15,260

)

Carvana

Co.,

Class

A

(

174

)

(

54,702

)

Casey's

General

Stores,

Inc.

(

84

)

(

61,140

)

Cboe

Global

Markets,

Inc.

(

135

)

(

37,944

)

CDW

Corp.

(

88

)

(

10,650

)

Celsius

Holdings,

Inc.

(

696

)

(

24,694

)

CenterPoint

Energy,

Inc.

(

1,710

)

(

73,804

)

Certara,

Inc.

(

721

)

(

4,110

)

Charles

River

Laboratories

International,

Inc.

(

142

)

(

24,495

)

Chemed

Corp.

(

21

)

(

7,933

)

Chewy,

Inc.,

Class

A

(

741

)

(

20,007

)

Chipotle

Mexican

Grill,

Inc.,

Class

A

(

128

)

(

4,097

)

Cigna

Group

(The)

(

76

)

(

20,273

)

Cincinnati

Financial

Corp.

(

138

)

(

21,714

)

Cintas

Corp.

(

129

)

(

21,819

)

Cisco

Systems,

Inc.

(

436

)

(

33,829

)

Clearway

Energy,

Inc.,

Class

C

(

631

)

(

24,792

)

Cleveland-Cliffs,

Inc.

(

1,686

)

(

14,247

)

CME

Group,

Inc.

(

175

)

(

51,686

)

Coinbase

Global,

Inc.,

Class

A

(

127

)

(

22,175

)

Columbia

Sportswear

Co.

(

86

)

(

4,714

)

Comcast

Corp.,

Class

A

(

409

)

(

11,742

)

Commerce

Bancshares,

Inc.

(

428

)

(

21,058

)

Commercial

Metals

Co.

(

134

)

(

8,232

)

Conagra

Brands,

Inc.

(

964

)

(

15,154

)

Constellation

Brands,

Inc.,

Class

A

(

101

)

(

15,150

)

Corcept

Therapeutics,

Inc.

(

666

)

(

26,846

)

Core

&

Main,

Inc.,

Class

A

(

233

)

(

11,510

)

Corebridge

Financial,

Inc.

(

275

)

(

6,562

)

Corteva,

Inc.

(

64

)

(

5,357

)

CoStar

Group,

Inc.

(

606

)

(

24,446

)

Costco

Wholesale

Corp.

(

48

)

(

47,829

)

Coty,

Inc.,

Class

A

(

3,099

)

(

6,229

)

Cousins

Properties,

Inc.,

REIT

(

438

)

(

9,886

)

Crane

NXT

Co.

(

260

)

(

10,553

)

Credit

Acceptance

Corp.

(

20

)

(

8,469

)

Credo

Technology

Group

Holding

Ltd.

(

95

)

(

8,918

)

Crocs,

Inc.

(

30

)

(

2,491

)

Crowdstrike

Holdings,

Inc.,

Class

A

(

164

)

(

64,027

)

Crown

Castle,

Inc.,

REIT

(

510

)

(

41,468

)

Cullen/Frost

Bankers,

Inc.

(

173

)

(

23,715

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(44.6)%

(continued)

CVS

Health

Corp.

(

920

)

(

66,074

)

Cytokinetics,

Inc.

(

386

)

(

25,441

)

Darden

Restaurants,

Inc.

(

24

)

(

4,705

)

Datadog,

Inc.,

Class

A

(

85

)

(

10,034

)

Deere

&

Co.

(

217

)

(

122,236

)

Devon

Energy

Corp.

(

1,264

)

(

63,604

)

Dexcom,

Inc.

(

118

)

(

7,410

)

Digital

Realty

Trust,

Inc.,

REIT

(

711

)

(

128,129

)

Dolby

Laboratories,

Inc.,

Class

A

(

256

)

(

15,375

)

Dollar

General

Corp.

(

110

)

(

13,060

)

Dollar

Tree,

Inc.

(

373

)

(

40,847

)

Dominion

Energy,

Inc.

(

1,099

)

(

67,940

)

DoorDash,

Inc.,

Class

A

(

427

)

(

64,114

)

DoubleVerify

Holdings,

Inc.

(

184

)

(

1,748

)

Doximity,

Inc.,

Class

A

(

535

)

(

12,466

)

DraftKings,

Inc.,

Class

A

(

323

)

(

6,983

)

Dropbox,

Inc.,

Class

A

(

313

)

(

7,111

)

DT

Midstream,

Inc.

(

794

)

(

106,928

)

Dutch

Bros,

Inc.,

Class

A

(

1,027

)

(

52,028

)

DXC

Technology

Co.

(

251

)

(

3,155

)

Dycom

Industries,

Inc.

(

136

)

(

46,080

)

Dynatrace,

Inc.

(

291

)

(

10,761

)

Eagle

Materials,

Inc.

(

22

)

(

4,168

)

EastGroup

Properties,

Inc.,

REIT

(

79

)

(

14,622

)

Eastman

Chemical

Co.

(

189

)

(

14,424

)

Eaton

Corp.

plc

(

230

)

(

82,264

)

eBay,

Inc.

(

212

)

(

19,296

)

EchoStar

Corp.,

Class

A

(

354

)

(

41,443

)

Edwards

Lifesciences

Corp.

(

343

)

(

27,467

)

Elanco

Animal

Health,

Inc.

(

948

)

(

22,686

)

Element

Solutions,

Inc.

(

739

)

(

25,229

)

Elevance

Health,

Inc.

(

178

)

(

52,110

)

Emerson

Electric

Co.

(

669

)

(

87,652

)

Encompass

Health

Corp.

(

28

)

(

2,708

)

Enphase

Energy,

Inc.

(

488

)

(

18,451

)

Entegris,

Inc.

(

155

)

(

18,172

)

Entergy

Corp.

(

329

)

(

36,966

)

Equifax,

Inc.

(

68

)

(

12,245

)

Equinix,

Inc.,

REIT

(

9

)

(

8,822

)

Equitable

Holdings,

Inc.

(

684

)

(

25,383

)

Equity

Residential,

REIT

(

414

)

(

24,488

)

Erie

Indemnity

Co.,

Class

A

(

24

)

(

6,031

)

Esab

Corp.

(

84

)

(

8,119

)

Essex

Property

Trust,

Inc.,

REIT

(

51

)

(

12,342

)

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

(

119

)

(

8,541

)

Euronet

Worldwide,

Inc.

(

59

)

(

3,916

)

Everest

Group

Ltd.

(

18

)

(

5,883

)

Evergy,

Inc.

(

444

)

(

36,372

)

Exelon

Corp.

(

894

)

(

43,824

)

Expand

Energy

Corp.

(

184

)

(

20,200

)

Expeditors

International

of

Washington,

Inc.

(

786

)

(

112,579

)

Experian

plc

(2)

(

221

)

(

7,645

)

Exponent,

Inc.

(

180

)

(

11,745

)

Extra

Space

Storage,

Inc.,

REIT

(

103

)

(

13,506

)

F5,

Inc.

(

219

)

(

63,363

)

FactSet

Research

Systems,

Inc.

(

81

)

(

17,576

)

Fastenal

Co.

(

598

)

(

27,747

)

Ferrovial

SE

(2)

(

122

)

(

7,937

)

44

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(44.6)%

(continued)

Fidelity

National

Information

Services,

Inc.

(

120

)

(

5,629

)

First

American

Financial

Corp.

(

23

)

(

1,387

)

First

Citizens

BancShares,

Inc.,

Class

A

(

27

)

(

50,886

)

First

Financial

Bankshares,

Inc.

(

395

)

(

11,633

)

First

Horizon

Corp.

(

2,768

)

(

63,000

)

FirstEnergy

Corp.

(

828

)

(

41,946

)

Flagstar

Bank

NA

(

1,022

)

(

13,460

)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(

201

)

(

10,211

)

Flowers

Foods,

Inc.

(

373

)

(

3,040

)

Flutter

Entertainment

plc

(

353

)

(

35,988

)

FMC

Corp.

(

672

)

(

11,572

)

Ford

Motor

Co.

(

3,838

)

(

44,291

)

Fortive

Corp.

(

258

)

(

14,262

)

Fox

Corp.,

Class

A

(

164

)

(

9,578

)

Freeport-McMoRan,

Inc.

(

237

)

(

13,931

)

Freshpet,

Inc.

(

282

)

(

16,627

)

Gen

Digital,

Inc.

(

715

)

(

13,463

)

Generac

Holdings,

Inc.

(

120

)

(

23,440

)

General

Mills,

Inc.

(

605

)

(

22,518

)

Gentex

Corp.

(

717

)

(

15,666

)

GFL

Environmental,

Inc.

(

145

)

(

6,049

)

Globant

SA

(

249

)

(

11,481

)

Globus

Medical,

Inc.,

Class

A

(

32

)

(

2,757

)

Graphic

Packaging

Holding

Co.

(

1,595

)

(

15,854

)

Hamilton

Lane,

Inc.,

Class

A

(

189

)

(

18,787

)

Hancock

Whitney

Corp.

(

53

)

(

3,370

)

Harley-Davidson,

Inc.

(

781

)

(

15,792

)

Healthcare

Realty

Trust,

Inc.,

REIT

(

1,558

)

(

26,470

)

Healthpeak

Properties,

Inc.,

REIT

(

1,828

)

(

30,034

)

Hecla

Mining

Co.

(

946

)

(

17,624

)

HEICO

Corp.

(

160

)

(

43,872

)

Henry

Schein,

Inc.

(

100

)

(

7,370

)

Hershey

Co.

(The)

(

276

)

(

57,378

)

Highwoods

Properties,

Inc.,

REIT

(

506

)

(

10,833

)

Hilton

Worldwide

Holdings,

Inc.

(

161

)

(

48,957

)

Hims

&

Hers

Health,

Inc.

(

1,243

)

(

25,805

)

Home

BancShares,

Inc.

(

160

)

(

4,309

)

Home

Depot,

Inc.

(The)

(

105

)

(

34,533

)

Hormel

Foods

Corp.

(

1,152

)

(

26,093

)

Houlihan

Lokey,

Inc.,

Class

A

(

25

)

(

3,591

)

Howmet

Aerospace,

Inc.

(

353

)

(

81,352

)

HP,

Inc.

(

1,474

)

(

28,316

)

Humana,

Inc.

(

376

)

(

65,195

)

Huntington

Bancshares,

Inc.

(

2,585

)

(

40,455

)

IDACORP,

Inc.

(

65

)

(

9,293

)

IDEX

Corp.

(

53

)

(

10,046

)

Independence

Realty

Trust,

Inc.,

REIT

(

975

)

(

14,518

)

Insperity,

Inc.

(

146

)

(

3,948

)

Inspire

Medical

Systems,

Inc.

(

116

)

(

5,983

)

Insulet

Corp.

(

77

)

(

16,158

)

Intercontinental

Exchange,

Inc.

(

131

)

(

20,604

)

International

Flavors

&

Fragrances,

Inc.

(

60

)

(

4,353

)

Intuit,

Inc.

(

62

)

(

26,808

)

Intuitive

Surgical,

Inc.

(

122

)

(

56,241

)

Invitation

Homes,

Inc.,

REIT

(

732

)

(

18,190

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(44.6)%

(continued)

Ionis

Pharmaceuticals,

Inc.

(

1,754

)

(

131,708

)

IonQ,

Inc.

(

768

)

(

22,141

)

Jabil,

Inc.

(

83

)

(

22,047

)

Jack

Henry

&

Associates,

Inc.

(

52

)

(

8,218

)

James

Hardie

Industries

plc,

ADR

(

1,678

)

(

31,781

)

JPMorgan

Chase

&

Co.

(

319

)

(

93,837

)

Keurig

Dr

Pepper,

Inc.

(

1,435

)

(

37,784

)

KeyCorp

(

832

)

(

16,682

)

Kilroy

Realty

Corp.,

REIT

(

185

)

(

5,219

)

Kimberly-Clark

Corp.

(

286

)

(

27,590

)

Kimco

Realty

Corp.,

REIT

(

1,091

)

(

24,515

)

Kinsale

Capital

Group,

Inc.

(

91

)

(

31,091

)

Kirby

Corp.

(

193

)

(

25,646

)

KKR

&

Co.,

Inc.

(

78

)

(

7,215

)

Knife

River

Corp.

(

47

)

(

3,838

)

Kraft

Heinz

Co.

(The)

(

1,969

)

(

44,283

)

Kratos

Defense

&

Security

Solutions,

Inc.

(

474

)

(

33,422

)

L3Harris

Technologies,

Inc.

(

359

)

(

123,909

)

Labcorp

Holdings,

Inc.

(

102

)

(

27,215

)

Lantheus

Holdings,

Inc.

(

94

)

(

7,130

)

Liberty

Media

Corp-Liberty

Formula

One,

Class

A

(

117

)

(

9,135

)

Lincoln

Electric

Holdings,

Inc.

(

33

)

(

8,220

)

Lincoln

National

Corp.

(

908

)

(

32,234

)

Lithia

Motors,

Inc.,

Class

A

(

12

)

(

2,997

)

Live

Nation

Entertainment,

Inc.

(

207

)

(

31,570

)

LKQ

Corp.

(

252

)

(

7,401

)

Loar

Holdings,

Inc.

(

497

)

(

28,473

)

LPL

Financial

Holdings,

Inc.

(

176

)

(

52,946

)

Lululemon

Athletica,

Inc.

(

27

)

(

4,134

)

Lumentum

Holdings,

Inc.

(

82

)

(

57,626

)

Lyft,

Inc.,

Class

A

(

768

)

(

10,214

)

M&T

Bank

Corp.

(

123

)

(

25,427

)

MACOM

Technology

Solutions

Holdings,

Inc.

(

57

)

(

12,658

)

Madison

Square

Garden

Sports

Corp.,

Class

A

(

20

)

(

6,428

)

Maplebear,

Inc.

(

167

)

(

6,256

)

Markel

Group,

Inc.

(

10

)

(

19,141

)

MarketAxess

Holdings,

Inc.

(

21

)

(

3,465

)

Marriott

International,

Inc.,

Class

A

(

65

)

(

21,260

)

Marsh

&

McLennan

Cos.,

Inc.

(

85

)

(

14,743

)

Martin

Marietta

Materials,

Inc.

(

133

)

(

78,294

)

Mastercard,

Inc.,

Class

A

(

113

)

(

56,462

)

Match

Group,

Inc.

(

236

)

(

7,248

)

McCormick

&

Co.,

Inc.

(Non-Voting)

(

92

)

(

4,640

)

MDU

Resources

Group,

Inc.

(

494

)

(

10,236

)

Medtronic

plc

(

130

)

(

11,265

)

Meta

Platforms,

Inc.,

Class

A

(

45

)

(

25,746

)

Microchip

Technology,

Inc.

(

609

)

(

39,347

)

Microsoft

Corp.

(

141

)

(

52,194

)

Mid-America

Apartment

Communities,

Inc.,

REIT

(

151

)

(

18,440

)

Millrose

Properties,

Inc.,

Class

A,

REIT

(

727

)

(

20,356

)

Molina

Healthcare,

Inc.

(

55

)

(

7,332

)

Mondelez

International,

Inc.,

Class

A

(

2,327

)

(

134,129

)

MongoDB,

Inc.,

Class

A

(

166

)

(

40,632

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

45

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(44.6)%

(continued)

Morgan

Stanley

(

187

)

(

30,775

)

Motorola

Solutions,

Inc.

(

190

)

(

82,454

)

MP

Materials

Corp.

(

619

)

(

29,873

)

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

(

160

)

(

14,763

)

National

Fuel

Gas

Co.

(

140

)

(

13,154

)

Nestle

SA

(Registered)

(2)

(

721

)

(

70,724

)

NetApp,

Inc.

(

662

)

(

67,782

)

New

Jersey

Resources

Corp.

(

97

)

(

5,327

)

Newell

Brands,

Inc.

(

1,899

)

(

6,514

)

NextEra

Energy,

Inc.

(

576

)

(

53,499

)

NIKE,

Inc.,

Class

B

(

604

)

(

31,903

)

NNN

REIT,

Inc.,

REIT

(

49

)

(

2,059

)

Nordson

Corp.

(

59

)

(

15,698

)

Novanta,

Inc.

(

111

)

(

13,110

)

Nucor

Corp.

(

289

)

(

48,870

)

nVent

Electric

plc

(

236

)

(

27,914

)

NVR,

Inc.

(

2

)

(

13,180

)

Oklo,

Inc.

(

1,297

)

(

64,318

)

Old

Dominion

Freight

Line,

Inc.

(

16

)

(

3,126

)

Ollie's

Bargain

Outlet

Holdings,

Inc.

(

108

)

(

9,940

)

ON

Semiconductor

Corp.

(

305

)

(

18,886

)

ONEOK,

Inc.

(

1,478

)

(

133,596

)

Option

Care

Health,

Inc.

(

776

)

(

20,890

)

O'Reilly

Automotive,

Inc.

(

441

)

(

40,709

)

Ormat

Technologies,

Inc.

(

959

)

(

107,331

)

Otis

Worldwide

Corp.

(

391

)

(

30,138

)

Palantir

Technologies,

Inc.,

Class

A

(

151

)

(

22,088

)

Palo

Alto

Networks,

Inc.

(

315

)

(

50,501

)

Parker-Hannifin

Corp.

(

80

)

(

71,619

)

Parsons

Corp.

(

146

)

(

7,909

)

Paychex,

Inc.

(

311

)

(

28,649

)

Paycom

Software,

Inc.

(

97

)

(

11,789

)

Performance

Food

Group

Co.

(

485

)

(

41,545

)

Perrigo

Co.

plc

(

761

)

(

8,173

)

Pinnacle

Financial

Partners,

Inc.

(

181

)

(

15,591

)

Pinterest,

Inc.,

Class

A

(

1,310

)

(

24,025

)

Planet

Fitness,

Inc.,

Class

A

(

658

)

(

48,942

)

Pool

Corp.

(

72

)

(

14,568

)

Post

Holdings,

Inc.

(

74

)

(

7,316

)

Power

Integrations,

Inc.

(

510

)

(

26,112

)

PPG

Industries,

Inc.

(

71

)

(

7,588

)

PPL

Corp.

(

1,396

)

(

53,327

)

Procter

&

Gamble

Co.

(The)

(

87

)

(

12,566

)

Progressive

Corp.

(The)

(

233

)

(

46,190

)

PTC,

Inc.

(

52

)

(

7,409

)

Public

Service

Enterprise

Group,

Inc.

(

268

)

(

21,695

)

Public

Storage,

REIT

(

315

)

(

85,327

)

QIAGEN

NV

(2)

(

185

)

(

7,494

)

Qnity

Electronics,

Inc.

(

273

)

(

31,499

)

QUALCOMM,

Inc.

(

593

)

(

76,367

)

Qualys,

Inc.

(

234

)

(

20,557

)

QuantumScape

Corp.

(

4,030

)

(

25,711

)

Quest

Diagnostics,

Inc.

(

224

)

(

43,900

)

QXO,

Inc.

(

1,172

)

(

22,760

)

Ralliant

Corp.

(

529

)

(

22,001

)

Rambus,

Inc.

(

184

)

(

15,830

)

Range

Resources

Corp.

(

244

)

(

11,024

)

Rayonier,

Inc.,

REIT

(

1,296

)

(

26,724

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(44.6)%

(continued)

RBC

Bearings,

Inc.

(

12

)

(

6,517

)

Regal

Rexnord

Corp.

(

196

)

(

36,703

)

Regions

Financial

Corp.

(

1,140

)

(

29,777

)

Repligen

Corp.

(

365

)

(

43,004

)

Republic

Services,

Inc.,

Class

A

(

155

)

(

33,948

)

ResMed,

Inc.

(

37

)

(

8,306

)

Revolution

Medicines,

Inc.

(

505

)

(

49,111

)

Revvity,

Inc.

(

196

)

(

17,172

)

Rexford

Industrial

Realty,

Inc.,

REIT

(

121

)

(

3,960

)

RLI

Corp.

(

291

)

(

16,599

)

Robert

Half,

Inc.

(

136

)

(

3,454

)

Robinhood

Markets,

Inc.,

Class

A

(

519

)

(

35,967

)

ROBLOX

Corp.,

Class

A

(

777

)

(

43,947

)

Roche

Holding

AG

(2)

(

169

)

(

67,446

)

Rocket

Cos.,

Inc.,

Class

A

(

1,482

)

(

21,119

)

Rocket

Lab

Corp.

(

464

)

(

29,798

)

Rockwell

Automation,

Inc.

(

207

)

(

74,288

)

Roper

Technologies,

Inc.

(

62

)

(

21,939

)

Rubrik,

Inc.,

Class

A

(

729

)

(

35,699

)

Ryan

Specialty

Holdings,

Inc.,

Class

A

(

1,394

)

(

47,034

)

S&P

Global,

Inc.

(

169

)

(

71,882

)

Schneider

Electric

SE

(2)

(

103

)

(

28,055

)

Scotts

Miracle-Gro

Co.

(The)

(

115

)

(

6,993

)

Seaboard

Corp.

(

3

)

(

16,962

)

SEI

Investments

Co.

(

146

)

(

11,457

)

Sempra

(

144

)

(

13,992

)

ServiceNow,

Inc.

(

80

)

(

8,364

)

SharkNinja,

Inc.

(

130

)

(

13,767

)

Sherwin-Williams

Co.

(The)

(

186

)

(

59,622

)

Shift4

Payments,

Inc.,

Class

A

(

282

)

(

12,332

)

Silgan

Holdings,

Inc.

(

76

)

(

2,949

)

SiteOne

Landscape

Supply,

Inc.

(

24

)

(

3,195

)

Skyworks

Solutions,

Inc.

(

554

)

(

29,667

)

SLB

Ltd.

(

2,353

)

(

120,921

)

SLM

Corp.

(

972

)

(

20,811

)

Snowflake,

Inc.,

Class

A

(

211

)

(

31,823

)

SoFi

Technologies,

Inc.

(

1,506

)

(

23,915

)

Solventum

Corp.

(

106

)

(

6,922

)

Somnigroup

International,

Inc.

(

438

)

(

32,377

)

Southern

Co.

(The)

(

465

)

(

44,882

)

SPX

Technologies,

Inc.

(

124

)

(

24,793

)

STAG

Industrial,

Inc.,

REIT

(

367

)

(

13,234

)

Starbucks

Corp.

(

399

)

(

35,746

)

Strategy,

Inc.,

Class

A

(

130

)

(

16,224

)

Summit

Therapeutics,

Inc.

(

1,459

)

(

27,663

)

Sunbelt

Rentals

Holdings,

Inc.

(2)

(

151

)

(

9,633

)

Super

Micro

Computer,

Inc.

(

896

)

(

20,402

)

Swiss

Re

AG

(2)

(

406

)

(

68,199

)

Synaptics,

Inc.

(

368

)

(

25,775

)

Sysco

Corp.

(

501

)

(

35,736

)

Take-Two

Interactive

Software,

Inc.

(

162

)

(

31,995

)

Targa

Resources

Corp.

(

92

)

(

23,067

)

Tenaris

SA

(2)

(

1,490

)

(

43,556

)

Terex

Corp.

(

282

)

(

16,666

)

Tesla,

Inc.

(

206

)

(

76,581

)

Tetra

Tech,

Inc.

(

843

)

(

25,391

)

Texas

Pacific

Land

Corp.

(

32

)

(

15,186

)

TFS

Financial

Corp.

(

322

)

(

4,524

)

Thermo

Fisher

Scientific,

Inc.

(

79

)

(

38,831

)

46

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(44.6)%

(continued)

Thor

Industries,

Inc.

(

208

)

(

16,617

)

Timken

Co.

(The)

(

51

)

(

5,129

)

Toast,

Inc.,

Class

A

(

1,942

)

(

51,482

)

TopBuild

Corp.

(

73

)

(

25,645

)

TPG,

Inc.

(

552

)

(

22,362

)

Tractor

Supply

Co.

(

242

)

(

10,963

)

Trade

Desk,

Inc.

(The),

Class

A

(

169

)

(

3,835

)

TransDigm

Group,

Inc.

(

52

)

(

60,266

)

TransUnion

(

79

)

(

5,466

)

TTM

Technologies,

Inc.

(

217

)

(

21,140

)

Twilio,

Inc.,

Class

A

(

87

)

(

10,946

)

Tyler

Technologies,

Inc.

(

57

)

(

19,516

)

Uber

Technologies,

Inc.

(

766

)

(

55,098

)

UDR,

Inc.,

REIT

(

404

)

(

13,647

)

UGI

Corp.

(

360

)

(

13,111

)

U-Haul

Holding

Co.

(

62

)

(

2,770

)

UL

Solutions,

Inc.,

Class

A

(

224

)

(

19,199

)

Ulta

Beauty,

Inc.

(

93

)

(

48,612

)

UMB

Financial

Corp.

(

111

)

(

12,520

)

United

Rentals,

Inc.

(

50

)

(

36,428

)

UnitedHealth

Group,

Inc.

(

256

)

(

69,271

)

Universal

Display

Corp.

(

74

)

(

6,783

)

US

Foods

Holding

Corp.

(

568

)

(

52,375

)

Vail

Resorts,

Inc.

(

113

)

(

14,500

)

Valvoline,

Inc.

(

950

)

(

31,996

)

VeriSign,

Inc.

(

22

)

(

5,464

)

Verisk

Analytics,

Inc.,

Class

A

(

41

)

(

7,780

)

Verizon

Communications,

Inc.

(

105

)

(

5,271

)

Vertex

Pharmaceuticals,

Inc.

(

156

)

(

69,660

)

VICI

Properties,

Inc.,

Class

A,

REIT

(

747

)

(

20,408

)

Viking

Therapeutics,

Inc.

(

568

)

(

18,483

)

Visa,

Inc.,

Class

A

(

168

)

(

50,776

)

Visteon

Corp.

(

43

)

(

3,918

)

Vistra

Corp.

(

530

)

(

79,675

)

Vulcan

Materials

Co.

(

151

)

(

41,117

)

W

R

Berkley

Corp.

(

854

)

(

56,603

)

Walt

Disney

Co.

(The)

(

329

)

(

31,709

)

Waste

Connections,

Inc.

(

98

)

(

15,919

)

Waste

Management,

Inc.

(

137

)

(

31,481

)

Waters

Corp.

(

141

)

(

41,990

)

Watsco,

Inc.

(

106

)

(

38,562

)

Wendy's

Co.

(The)

(

2,286

)

(

15,888

)

West

Pharmaceutical

Services,

Inc.

(

36

)

(

9,023

)

Western

Alliance

Bancorp

(

266

)

(

18,846

)

Weyerhaeuser

Co.,

REIT

(

557

)

(

13,608

)

Williams

Cos.,

Inc.

(The)

(

867

)

(

63,100

)

Willis

Towers

Watson

plc

(

80

)

(

23,256

)

WillScot

Holdings

Corp.

(

1,458

)

(

25,311

)

Wingstop,

Inc.

(

331

)

(

51,295

)

Workday,

Inc.,

Class

A

(

119

)

(

15,460

)

WP

Carey,

Inc.,

REIT

(

816

)

(

55,455

)

Wyndham

Hotels

&

Resorts,

Inc.

(

221

)

(

17,952

)

Xcel

Energy,

Inc.

(

893

)

(

70,940

)

XPO,

Inc.

(

12

)

(

2,335

)

Xylem,

Inc.

(

364

)

(

43,498

)

Yum!

Brands,

Inc.

(

439

)

(

68,256

)

Zillow

Group,

Inc.,

Class

C

(

181

)

(

7,490

)

Zoetis,

Inc.,

Class

A

(

167

)

(

19,741

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(44.6)%

(continued)

Zscaler,

Inc.

(

145

)

(

20,342

)

(12,711,118)

Zambia

-

(

0

.0

)

%

†

First

Quantum

Minerals

Ltd.

(

77

)

(

1,841

)

TOTAL

COMMON

STOCKS

(Proceeds

$(23,540,760))                                                    

(20,815,990)

PREFERRED

STOCKS

-

(0.1)%

Germany

-

(

0

.1

)

%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(c)

(

353

)

(

16,081

)

Henkel

AG

&

Co.

KGaA

(Preference)

(2)

(

41

)

(

3,167

)

Sartorius

AG

(Preference)

(2)

(

77

)

(

19,267

)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(41,861))                                                    

(38,515)

TOTAL

SHORT

POSITIONS

(Proceeds

$(23,582,621))

(20,854,505)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

77.3%

(Cost

$16,914,819)

22,063,622

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

22.7%

‡

6,492,305

NET

ASSETS

-

100.0%

28,555,927

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(

6,993

)

(

0

.1

)

%

Consumer

Discretionary

2,615

0.0

†

Consumer

Staples

(

788,835

)

(

2

.8

)

Energy

(

58,700

)

(

0

.2

)

Financials

100,823

0

.4

Health

Care

(

623,470

)

(

2

.1

)

Industrials

245,161

0

.9

Information

Technology

(

643,438

)

(

2

.3

)

Materials

461,557

1

.6

Purchased

Options

94,187

0

.3

Real

Estate

(

383,646

)

(

1

.3

)

Utilities

(

416,560

)

(

1

.4

)

Investment

Companies

12,656,442

44

.3

U.S.

Treasury

Obligations

11,424,479

40

.0

Total

Investments

In

Securities

At

Value

22,063,622

77

.3

Other

Assets

in

Excess

of

Liabilities

‡

6,492,305

22

.7

Net

Assets

$

28,555,927

100

.0

%

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

47

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange,

futures,

swap

and

written

option

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$18,301,140,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

In

addition,

$4,186,591

of

cash

collateral

was

also

pledged.

(b)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$5,904,547.

(c)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$131,633

of

investments

in

securities

and

$(286,687)

of

securities

sold

short,

which

represents

0.46%

and

(1.00)%

of

net

assets

of

the

Fund,

respectively.

(d)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(e)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(f)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(g)

Security

exempt

from

registration

pursuant

to

Regulation

S

under

the

Securities

Act

of

1933.

Regulation

S

applies

to

securities

offerings

that

are

made

outside

of

the

United

States

and

do

not

involve

direct

selling

efforts

in

the

United

States.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$(3,721)

of

securities

sold

short,

which

represents

(0.01)%

of

net

assets

of

the

Fund.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

Written

put

option

contracts

(premium-style)

outstanding

as

of

March

31,

2026:

Over-the-Counter

D

ESCRIPTION

COUNTERPARTY

NUMBER

OF

CONTRACTS

NOTIONAL

AMOUNT

EXERCISE

PRICE

EXPIRATION

DATE

PREMIUM

PAID

(RECEIVED)

VALUE

S&P

500

Index

JPMC

2

USD

(

1,305,704

)

USD

5,600

6/18/2026

$

(

13,052

)

$

(

10,961

)

$

(

13,052

)

$

(

10,961

)

Credit

default

swap

contracts

outstanding

-

buy

protection

as

of

March

31,

2026:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

PAID

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

%

Quarterly

6/20/2031

3

.86

%

USD

18,000

$

(

721

)

$

(

172

)

$

(

893

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

18,000

(

720

)

(

172

)

(

892

)

$

(

1,441

)

$

(

344

)

$

(

1,785

)

Credit

default

swap

contracts

outstanding

-

sell

protection

as

of

March

31,

2026

:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

RECEIVED

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

%

Quarterly

6/20/2031

3

.53

%

EUR

12,000

$

903

$

57

$

960

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

Quarterly

6/20/2031

3

.53

EUR

12,000

903

57

960

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

Quarterly

6/20/2031

0

.63

USD

78,000

1,302

69

1,371

48

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

FINANCING

RATE

RECEIVED

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

%

Quarterly

6/20/2031

0

.63

%

USD

78,000

$

1,302

$

70

$

1,372

4,410

253

4,663

Markit

CDX

North

America

Emerging

Markets

Index

Series

45.V1

1

.00

%

Quarterly

6/20/2031

1

.94

%

USD

31,000

$

(

1,253

)

$

(

44

)

$

(

1,297

)

Markit

CDX

North

America

Emerging

Markets

Index

Series

45.V1

1

.00

Quarterly

6/20/2031

1

.94

USD

31,000

(

1,252

)

(

44

)

(

1,296

)

(

2,505

)

(

88

)

(

2,593

)

$

1,905

$

165

$

2,070

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2026:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

100,000

$

1,362

$

–

$

1,362

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

100,000

1,362

–

1,362

Pay

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

100,000

805

39

844

Pay

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

200,000

1,611

79

1,690

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

200,000

47

1,237

1,284

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

100,000

23

903

926

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

500,000

3

–

3

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

500,000

3

–

3

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

100,000

30

37

67

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

400,000

326

632

958

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

300,000

(

138

)

886

748

Pay

6M

BUBOR

Semi

7.50%

Annual

9/17/2031

HUF

4,700,000

38

132

170

Pay

6M

BUBOR

Semi

7.50%

Annual

9/17/2031

HUF

4,700,000

38

132

170

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/21/2028

EUR

100,000

176

61

237

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/21/2028

EUR

100,000

176

61

237

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

500,000

(

230

)

1,141

911

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

400,000

(

475

)

1,203

728

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

60,000,000

118

(

81

)

37

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

60,000,000

118

(

81

)

37

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

29,700,000

332

(

129

)

203

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

29,700,000

332

(

129

)

203

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

300,000

336

938

1,274

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

400,000

387

1,312

1,699

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

1,300,000

5,890

894

6,784

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

1,400,000

6,375

931

7,306

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

78,200,000

(

12

)

460

448

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

78,200,000

(

12

)

460

448

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

97,000,000

57

42

99

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

97,000,000

57

42

99

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

105,000,000

77

19

96

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

105,000,000

77

19

96

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

9,900,000

(

309

)

647

338

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

9,900,000

(

309

)

647

338

Receive

1D

MIBOR

Semi

6.50%

Semi

9/16/2031

INR

5,000,000

103

786

889

Receive

1D

MIBOR

Semi

6.50%

Semi

9/16/2031

INR

5,000,000

103

786

889

Receive

1D

SARON

Annual

0.00%

Annual

6/21/2028

CHF

100,000

595

(

110

)

485

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

49

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

1D

SARON

Annual

0.00%

Annual

6/21/2028

CHF

100,000

$

595

$

(

110

)

$

485

Receive

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

600,000

4,858

(

1,341

)

3,517

Receive

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

600,000

4,677

(

1,155

)

3,522

Receive

1D

SHIRON

Annual

3.50%

Annual

9/20/2028

ILS

100,000

214

(

5

)

209

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

2,200,000

(

3,196

)

6,126

2,930

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

2,100,000

(

2,942

)

5,796

2,854

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

200,000

497

840

1,337

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

300,000

812

1,102

1,914

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

1,000,000

3,365

10,277

13,642

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

1,000,000

4,119

9,522

13,641

Receive

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

2,000,000

52

(

10

)

42

Receive

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

2,000,000

52

(

10

)

42

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

294,900,000

(

844

)

3,587

2,743

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

294,900,000

(

843

)

3,586

2,743

Receive

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

10,000,000

459

657

1,116

Receive

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

10,000,000

459

657

1,116

Receive

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

49,600,000

(

797

)

6,435

5,638

Receive

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

49,600,000

(

797

)

6,435

5,638

Receive

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

19,600,000

625

2,178

2,803

Receive

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

19,600,000

625

2,178

2,803

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

1,500,000

1,464

1,591

3,055

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

1,500,000

1,464

1,591

3,055

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

2,700,000

7,350

(

1,452

)

5,898

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

2,700,000

7,739

(

1,892

)

5,847

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

347,500,000

(

1,053

)

2,390

1,337

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

347,500,000

(

1,053

)

2,390

1,337

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

98,600,000

(

276

)

1,161

885

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

98,800,000

(

277

)

1,164

887

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

98,700,000

(

238

)

1,249

1,011

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

98,700,000

(

238

)

1,249

1,011

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

500,000

(

26

)

31

5

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

500,000

(

26

)

31

5

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

500,000

729

–

729

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

500,000

729

–

729

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

6/20/2028

TWD

1,000,000

(

14

)

86

72

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

6/20/2028

TWD

1,000,000

(

14

)

86

72

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

2,500,000

54

227

281

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

2,500,000

54

227

281

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

100,000

314

69

383

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

200,000

(

139

)

905

766

Receive

6M

BUBOR

Semi

7.00%

Annual

9/17/2031

HUF

5,000,000

105

15

120

Receive

6M

BUBOR

Semi

7.00%

Annual

9/17/2031

HUF

5,000,000

105

15

120

Receive

6M

NIBOR

Semi

4.50%

Annual

9/20/2028

NOK

8,500,000

1,555

4,640

6,195

Receive

6M

NIBOR

Semi

4.50%

Annual

9/20/2028

NOK

8,500,000

1,555

4,640

6,195

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

1,000,000

1,348

2,175

3,523

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

1,000,000

1,348

2,175

3,523

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

1,500,000

3,733

1,285

5,018

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

1,500,000

3,733

1,285

5,018

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

400,000

124

20

144

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

400,000

124

20

144

Receive

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

300,000

300

(

229

)

71

Receive

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

300,000

98

(

27

)

71

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

100,000

463

(

267

)

196

62,596

97,591

160,187

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

100,000

(

205

)

(

1,341

)

(

1,546

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

200,000

(

2,260

)

(

4,300

)

(

6,560

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

200,000

(

4,930

)

(

1,630

)

(

6,560

)

50

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

100,000

$

(

918

)

$

(

1,452

)

$

(

2,370

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

100,000

(

3,236

)

(

3,200

)

(

6,436

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

100,000

(

6,350

)

(

183

)

(

6,533

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

100,000

(

5,116

)

(

1,417

)

(

6,533

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

100,000

21

(

438

)

(

417

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

100,000

174

(

591

)

(

417

)

Pay

1D

SORA

Semi

2.00%

Semi

6/18/2031

SGD

100,000

622

(

833

)

(

211

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/14/2028

MXN

100,000

(

6

)

(

19

)

(

25

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/14/2028

MXN

100,000

(

6

)

(

19

)

(

25

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

9/10/2031

MXN

500,000

232

(

1,156

)

(

924

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

9/10/2031

MXN

500,000

232

(

1,156

)

(

924

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

114,200,000

(

3,955

)

(

6,555

)

(

10,510

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

114,200,000

(

3,955

)

(

6,555

)

(

10,510

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

24,500,000

(

2,803

)

(

5,060

)

(

7,863

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

24,500,000

(

2,803

)

(

5,060

)

(

7,863

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

20,100,000

(

3,348

)

(

3,828

)

(

7,176

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

20,100,000

(

3,346

)

(

3,830

)

(

7,176

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

200,000

313

(

538

)

(

225

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

200,000

182

(

408

)

(

226

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

500,000

(

2,498

)

614

(

1,884

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

500,000

(

2,498

)

614

(

1,884

)

Pay

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/21/2028

KRW

900,000

1

(

3

)

(

2

)

Pay

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/21/2028

KRW

900,000

1

(

3

)

(

2

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

600,000

(

341

)

(

625

)

(

966

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

600,000

(

341

)

(

625

)

(

966

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

700,000

(

734

)

(

1,523

)

(

2,257

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

700,000

(

734

)

(

1,523

)

(

2,257

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

100,000

(

1,073

)

614

(

459

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

100,000

(

232

)

(

227

)

(

459

)

Pay

6M

BBR

Semi

5.00%

Semi

9/13/2046

AUD

100,000

(

2,156

)

848

(

1,308

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/20/2028

HUF

5,000,000

(

4

)

(

482

)

(

486

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/20/2028

HUF

5,000,000

(

4

)

(

482

)

(

486

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/18/2036

EUR

100,000

2,170

(

3,081

)

(

911

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

300,000

(

1,031

)

(

2,324

)

(

3,355

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

300,000

4,027

(

7,383

)

(

3,356

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

5,500,000

823

(

2,321

)

(

1,498

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

5,500,000

823

(

2,321

)

(

1,498

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

300,000

(

510

)

(

99

)

(

609

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

400,000

(

1,006

)

194

(

812

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

300,000

(

1

)

(

155

)

(

156

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

300,000

202

(

358

)

(

156

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

44,400,000

118

(

120

)

(

2

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

44,400,000

118

(

120

)

(

2

)

Receive

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

1,500,000

(

341

)

–

(

341

)

Receive

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

1,500,000

(

341

)

–

(

341

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

705,900,000

(

8,199

)

5,054

(

3,145

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

705,900,000

(

8,199

)

5,054

(

3,145

)

Receive

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

2,100,000

(

2,816

)

(

1,720

)

(

4,536

)

Receive

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

2,200,000

(

2,910

)

(

1,740

)

(

4,650

)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

100,000

(

582

)

17

(

565

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

200,000

(

124

)

(

357

)

(

481

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

200,000

623

(

1,104

)

(

481

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

100,000

10

(

39

)

(

29

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

200,000

(

2

)

(

57

)

(

59

)

Receive

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

200,000

(

99

)

37

(

62

)

Receive

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

200,000

(

99

)

37

(

62

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

1,500,000

(

471

)

–

(

471

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

51

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

1,500,000

$

(

471

)

$

–

$

(

471

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2031

SEK

500,000

(

44

)

(

90

)

(

134

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2031

SEK

500,000

(

44

)

(

90

)

(

134

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

500,000

(

147

)

35

(

112

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

500,000

(

147

)

35

(

112

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

1,000,000

(

228

)

66

(

162

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

1,000,000

(

228

)

66

(

162

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

100,000

(

272

)

(

17

)

(

289

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

100,000

(

272

)

(

17

)

(

289

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/20/2028

HUF

10,000,000

43

(

99

)

(

56

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/20/2028

HUF

10,000,000

43

(

99

)

(

56

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/18/2031

EUR

300,000

669

(

2,006

)

(

1,337

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/18/2031

EUR

300,000

669

(

2,006

)

(

1,337

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

1,200,000

4,196

(

8,184

)

(

3,988

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

1,200,000

4,196

(

8,184

)

(

3,988

)

Receive

6M

NIBOR

Semi

5.00%

Annual

6/21/2028

NOK

10,300,000

(

2,115

)

332

(

1,783

)

Receive

6M

NIBOR

Semi

5.00%

Annual

6/21/2028

NOK

10,300,000

(

2,115

)

332

(

1,783

)

Receive

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

2,000,000

(

308

)

(

140

)

(

448

)

Receive

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

2,000,000

(

308

)

(

140

)

(

448

)

Receive

6M

NIBOR

Semi

4.50%

Annual

9/17/2036

NOK

1,000,000

(

178

)

(

557

)

(

735

)

Receive

6M

NIBOR

Semi

4.50%

Annual

9/17/2036

NOK

1,000,000

(

178

)

(

557

)

(

735

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

600,000

(

54

)

(

3

)

(

57

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

600,000

(

54

)

(

3

)

(

57

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

500,000

(

81

)

48

(

33

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

500,000

(

81

)

48

(

33

)

(

67,400

)

(

86,508

)

(

153,908

)

$

(

4,804

)

$

11,083

$

6,279

Abbreviations:

1D:

1

Day

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

(a)

Floating

rate

indices

at

March

31,

2026

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

2.27%

1

Day

Chile

Indice

de

Camara

Promedio

Interbank

Overnight

Index

(“CLICP”):

4.78%

1

Day

Colombia

Overnight

Interbank

Rate

(“IBR”):

9.64%

1

Day

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIEOIS”):

6.94%

1

Day

Mumbai

Interbank

Overnight

Rate

(“MIBOR”):

6.98%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

3.68%

1

Day

Shekel

Interbank

Offered

Rate

(“SHIRON”):

4.00%

1

Day

Singapore

Overnight

Rate

Average

(“SORA”):

1.00%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

3.73%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

-0.07%

1

Day

Thailand

Overnight

Repo

Rate

(“THOR”):

0.99%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.72%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.31%

3

Month

Hong

Kong

Interbank

Offered

Rate

(“HIBOR”):

2.36%

3

Month

Johannesburg

Interbank

Agreed

Rate

(“JIBAR”):

6.75%

3

Month

Korean

Certificate

of

Deposit

(“CD_KSDA”):

2.82%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

2.19%

3

Month

Taiwan

Secondary

Markets

Bills

Rate

(“TWCPBA”):

1.68%

52

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.78%

6

Month

Budapest

Interbank

Offered

Rate

(“BUBOR”):

6.62%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

2.48%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.66%

6

Month

Prague

Interbank

Offered

Rate

(“PRIBOR”):

3.62%

6

Month

Warsaw

Interbank

Offered

Rate

(“WIBOR”):

3.79%

Total

return

swap

contracts

outstanding

as

of

March

31,

2026

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Amsterdam

Exchange

Index

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

MSCS

04/17/2026

EUR

(191,568)

$

3,253

Total

unrealized

appreciation

3,253

iBovespa

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MSCS

04/15/2026

BRL

188,542

(

773

)

Swiss

Market

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

JPMC

06/19/2026

CHF

(126,720)

(

1

)

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

JPMC

04/15/2026

TWD

1,597,700

(

1,342

)

Total

unrealized

depreciation

(

2,116

)

Net

unrealized

appreciation

$

1,137

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

1

4/2026

USD

$

103,970

$

(

2,947

)

Hang

Seng

Mini

Index

4

4/2026

HKD

42,631

(

879

)

Hang

Seng

Mini

Index

6

4/2026

HKD

189,423

(

3,573

)

IBEX

35

Index

2

4/2026

EUR

39,221

(

544

)

KOSPI

200

Index

3

4/2026

KRW

73,139

(

1,728

)

MSCI

Singapore

Index

4

4/2026

SGD

135,833

369

Natural

Gas

1

4/2026

USD

28,840

(

2,595

)

NY

Harbor

ULSD

1

4/2026

USD

172,780

18,488

SGX

FTSE

Taiwan

Index

1

4/2026

USD

103,320

(

3,790

)

WTI

Crude

Oil

1

4/2026

USD

101,380

16,207

Canola

1

5/2026

CAD

10,521

(

93

)

Coffee

'C'

3

5/2026

USD

335,644

8,744

Copper

2

5/2026

USD

280,700

(

1,354

)

Corn

3

5/2026

USD

68,662

17

KC

HRW

Wheat

1

5/2026

USD

31,775

123

Low

Sulphur

Gasoil

3

5/2026

USD

371,775

61,659

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

53

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

Milling

Wheat

No.

2

4

5/2026

EUR

$

47,332

$

1,502

SGX

IODEX

Iron

Ore

8

5/2026

USD

84,384

(

364

)

Silver

1

5/2026

USD

374,595

(

44,309

)

Soybean

Meal

4

5/2026

USD

126,560

(

836

)

Soybean

Oil

5

5/2026

USD

206,640

19,691

100

oz

Gold

2

6/2026

USD

935,720

33,885

Crude

Oil

1

6/2026

USD

90,586

(

3,605

)

DJIA

CBOT

Micro

E-mini

Index

9

6/2026

USD

209,619

(

1,444

)

Euro-Bobl

1

6/2026

EUR

133,651

(

1,109

)

Lean

Hogs

1

6/2026

USD

42,020

(

902

)

Live

Cattle

3

6/2026

USD

291,930

15,239

LME

Aluminum

Base

Metal

7

6/2026

USD

609,374

37,327

LME

Copper

Base

Metal

1

6/2026

USD

308,338

(

29,307

)

LME

Lead

Base

Metal

1

6/2026

USD

47,422

145

LME

Nickel

Base

Metal

3

6/2026

USD

307,548

(

2,537

)

MSCI

Emerging

Markets

Index

1

6/2026

USD

72,730

(

2,074

)

NASDAQ

100

Micro

E-Mini

Index

2

6/2026

USD

95,660

(

2,777

)

Russell

2000

Micro

E-Mini

Index

6

6/2026

USD

75,366

183

S&P

500

E-Mini

Index

88

6/2026

USD

28,911,300

(

638,927

)

S&P

500

Micro

E-Mini

Index

5

6/2026

USD

164,269

(

1,474

)

TOPIX

Mini

Index

3

6/2026

JPY

66,236

(

1,814

)

Robusta

Coffee

1

7/2026

USD

34,050

(

102

)

3

Month

Euro

Euribor

1

9/2026

EUR

281,204

(

1,217

)

3

Month

SARON

1

6/2027

CHF

311,843

(

751

)

Total

of

long

contracts

(

537,473

)

Short

Contracts

CAC

40

10

Euro

Index

(

2

)

4/2026

EUR

(

180,891

)

2,507

CBOE

Volatility

Index

(

2

)

4/2026

USD

(

50,045

)

(

6,448

)

IFSC

NIFTY

50

Index

(

1

)

4/2026

USD

(

44,963

)

104

OMXS30

Index

(

2

)

4/2026

SEK

(

61,690

)

1,959

SGX

FTSE

China

A50

Index

(

2

)

4/2026

USD

(

29,072

)

97

Sugar

No.

11

(

6

)

4/2026

USD

(

104,294

)

(

7,802

)

Cocoa

(

1

)

5/2026

USD

(

33,000

)

4,558

Cocoa

(

6

)

5/2026

GBP

(

197,508

)

(

6,327

)

Cotton

No.

2

(

4

)

5/2026

USD

(

140,000

)

(

11,642

)

Soybean

(

2

)

5/2026

USD

(

117,100

)

(

738

)

Australia

10

Year

Bond

(

10

)

6/2026

AUD

(

744,574

)

2,018

Australia

3

Year

Bond

(

3

)

6/2026

AUD

(

214,785

)

573

Canada

10

Year

Bond

(

3

)

6/2026

CAD

(

258,637

)

5,367

DAX

Index

(

3

)

6/2026

EUR

(

395,942

)

11,728

Euro

STOXX

50

Index

(

4

)

6/2026

EUR

(

254,056

)

4,370

Euro-BTP

(

2

)

6/2026

EUR

(

271,116

)

(

3,113

)

Euro-Bund

(

2

)

6/2026

EUR

(

290,604

)

(

1,816

)

Euro-Buxl

(

1

)

6/2026

EUR

(

127,860

)

420

Euro-OAT

(

1

)

6/2026

EUR

(

137,673

)

(

765

)

Euro-Schatz

(

2

)

6/2026

EUR

(

244,647

)

376

FTSE

100

Index

(

1

)

6/2026

GBP

(

134,994

)

2,458

Japan

10

Year

Bond

(

1

)

6/2026

JPY

(

821,902

)

9,654

LME

Copper

Base

Metal

(

1

)

6/2026

USD

(

308,338

)

13,859

LME

Lead

Base

Metal

(

1

)

6/2026

USD

(

47,422

)

2,367

LME

Nickel

Base

Metal

(

2

)

6/2026

USD

(

205,032

)

7,398

LME

Zinc

Base

Metal

(

1

)

6/2026

USD

(

81,075

)

615

Long

Gilt

(

1

)

6/2026

GBP

(

116,900

)

955

MSCI

EAFE

Index

(

1

)

6/2026

USD

(

145,055

)

(

1,573

)

Nikkei

225

Index

(

2

)

6/2026

JPY

(

64,472

)

513

SPI

200

Index

(

2

)

6/2026

AUD

(

293,677

)

226

U.S.

Treasury

10

Year

Note

(

5

)

6/2026

USD

(

554,922

)

2,104

54

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

U.S.

Treasury

2

Year

Note

(

8

)

6/2026

USD

$

(

1,659,813

)

$

2,435

U.S.

Treasury

5

Year

Note

(

3

)

6/2026

USD

(

324,516

)

(

693

)

U.S.

Treasury

Long

Bond

(

3

)

6/2026

USD

(

340,781

)

1,197

U.S.

Treasury

Ultra

Bond

(

1

)

6/2026

USD

(

116,281

)

(

363

)

90-Day

Australian

Bank

Bill

(

8

)

9/2026

AUD

(

5,456,100

)

4,086

90-Day

New

Zealand

Bill

(

2

)

9/2026

NZD

(

1,141,084

)

53

3

Month

CORRA

(

8

)

12/2026

CAD

(

1,400,618

)

1,462

3

Month

Euro

Euribor

(

2

)

12/2026

EUR

(

562,032

)

4,323

3

Month

SOFR

(

7

)

12/2026

USD

(

1,685,950

)

6,380

3

Month

SONIA

(

2

)

12/2026

GBP

(

633,707

)

1,885

90-Day

Australian

Bank

Bill

(

8

)

12/2026

AUD

(

5,455,302

)

5,910

90-Day

New

Zealand

Bill

(

1

)

12/2026

NZD

(

569,998

)

198

3

Month

CORRA

(

4

)

3/2027

CAD

(

699,087

)

(

814

)

3

Month

Euro

Euribor

(

4

)

3/2027

EUR

(

1,123,660

)

4,719

3

Month

SOFR

(

8

)

3/2027

USD

(

1,927,400

)

8,157

3

Month

SONIA

(

1

)

3/2027

GBP

(

316,787

)

(

498

)

90-Day

Australian

Bank

Bill

(

12

)

3/2027

AUD

(

8,183,153

)

4,369

90-Day

New

Zealand

Bill

(

1

)

3/2027

NZD

(

569,524

)

243

3

Month

CORRA

(

4

)

6/2027

CAD

(

698,081

)

1,027

3

Month

Euro

Euribor

(

1

)

6/2027

EUR

(

280,973

)

(

125

)

3

Month

SOFR

(

7

)

6/2027

USD

(

1,686,825

)

5,029

3

Month

SONIA

(

2

)

6/2027

GBP

(

633,574

)

54

90-Day

Australian

Bank

Bill

(

3

)

6/2027

AUD

(

2,046,038

)

451

3

Month

CORRA

(

5

)

9/2027

CAD

(

872,196

)

663

3

Month

Euro

Euribor

(

2

)

9/2027

EUR

(

562,234

)

(

605

)

3

Month

SOFR

(

4

)

9/2027

USD

(

964,500

)

2,916

3

Month

SONIA

(

2

)

9/2027

GBP

(

633,938

)

577

3

Month

Euro

Euribor

(

2

)

12/2027

EUR

(

562,523

)

(

368

)

3

Month

SOFR

(

4

)

12/2027

USD

(

965,350

)

1,356

3

Month

SONIA

(

2

)

12/2027

GBP

(

634,468

)

(

1,077

)

3

Month

Euro

Euribor

(

2

)

3/2028

EUR

(

562,552

)

(

449

)

3

Month

SOFR

(

4

)

3/2028

USD

(

965,950

)

441

3

Month

SONIA

(

2

)

3/2028

GBP

(

634,931

)

(

178

)

3

Month

SOFR

(

4

)

6/2028

USD

(

965,900

)

824

3

Month

SONIA

(

2

)

6/2028

GBP

(

635,063

)

(

882

)

Total

of

short

contracts

86,705

Net

unrealized

depreciation

$

(

450,768

)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

BRL

308,500

USD

57,766

CITI

**

6/17/2026

$

786

BRL

308,500

USD

57,766

JPMC

**

6/17/2026

786

CNY

379,420

USD

55,265

CITI

**

6/17/2026

117

CNY

402,790

USD

58,670

JPMC

**

6/17/2026

123

COP

1,000,000,000

USD

260,669

CITI

**

6/17/2026

6,727

COP

1,000,000,000

USD

260,668

JPMC

**

6/17/2026

6,728

CZK

500,000

USD

23,546

CITI

6/17/2026

21

CZK

500,000

USD

23,546

JPMC

6/17/2026

21

DKK

375,000

USD

58,065

CITI

6/17/2026

187

DKK

375,000

USD

58,065

JPMC

6/17/2026

187

EUR

399,500

USD

462,556

CITI

6/17/2026

831

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

55

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

EUR

399,500

USD

462,555

JPMC

6/17/2026

$

832

GBP

35,500

USD

46,918

CITI

6/17/2026

59

GBP

35,500

USD

46,918

JPMC

6/17/2026

59

HUF

5,102,855

USD

15,175

CITI

6/17/2026

90

HUF

5,563,811

USD

16,562

JPMC

6/17/2026

82

ILS

44,500

USD

14,082

CITI

6/17/2026

103

ILS

44,500

USD

14,082

JPMC

6/17/2026

103

JPY

50,000,000

USD

315,461

CITI

6/17/2026

1,627

JPY

50,000,000

USD

315,460

JPMC

6/17/2026

1,627

NOK

749,064

USD

77,057

CITI

6/17/2026

252

NOK

749,064

USD

77,057

JPMC

6/17/2026

252

PEN

49,823

USD

14,235

CITI

**

6/17/2026

24

PEN

49,823

USD

14,235

JPMC

**

6/17/2026

24

SGD

10,500

USD

8,195

CITI

6/17/2026

16

SGD

10,500

USD

8,195

JPMC

6/17/2026

16

USD

171,965

AUD

248,000

CITI

6/17/2026

1,051

USD

171,965

AUD

248,000

JPMC

6/17/2026

1,051

USD

111,811

CAD

152,500

CITI

6/17/2026

1,818

USD

111,811

CAD

152,500

JPMC

6/17/2026

1,818

USD

425,242

CHF

326,502

CITI

6/17/2026

13,461

USD

425,238

CHF

326,498

JPMC

6/17/2026

13,462

USD

109,039

CLP

100,000,000

CITI

**

6/17/2026

1,005

USD

109,039

CLP

100,000,000

JPMC

**

6/17/2026

1,005

USD

26,837

COP

100,000,000

CITI

**

6/17/2026

98

USD

26,837

COP

100,000,000

JPMC

**

6/17/2026

98

USD

436,428

CZK

9,000,000

CITI

6/17/2026

12,215

USD

436,581

CZK

9,000,000

JPMC

6/17/2026

12,368

USD

1,175,947

EUR

1,002,502

CITI

6/17/2026

13,129

USD

1,175,946

EUR

1,002,499

JPMC

6/17/2026

13,131

USD

775,592

GBP

574,947

CITI

6/17/2026

14,768

USD

775,594

GBP

574,947

JPMC

6/17/2026

14,770

USD

15,064

HUF

5,000,000

CITI

6/17/2026

107

USD

15,064

HUF

5,000,000

JPMC

6/17/2026

107

USD

177,839

IDR

3,000,000,000

CITI

**

6/17/2026

1,511

USD

177,840

IDR

3,000,000,000

JPMC

**

6/17/2026

1,512

USD

272,037

ILS

843,000

CITI

6/17/2026

3,307

USD

272,108

ILS

843,000

JPMC

6/17/2026

3,378

USD

1,080,495

INR

100,000,000

CITI

**

6/17/2026

26,842

USD

1,080,497

INR

100,000,000

JPMC

**

6/17/2026

26,845

USD

863,624

JPY

135,000,000

CITI

6/17/2026

7,488

USD

863,625

JPY

135,000,000

JPMC

6/17/2026

7,490

USD

278,400

KRW

412,499,999

CITI

**

6/17/2026

3,583

USD

278,400

KRW

412,499,999

JPMC

**

6/17/2026

3,582

USD

27,889

MXN

500,004

CITI

6/17/2026

177

USD

27,888

MXN

499,996

JPMC

6/17/2026

177

USD

52,114

NOK

500,000

CITI

6/17/2026

510

USD

52,114

NOK

500,000

JPMC

6/17/2026

510

USD

296,579

NZD

496,500

CITI

6/17/2026

10,493

USD

296,579

NZD

496,500

JPMC

6/17/2026

10,494

USD

45,676

PEN

157,500

CITI

**

6/17/2026

601

USD

45,676

PEN

157,500

JPMC

**

6/17/2026

601

USD

83,411

PHP

5,000,000

CITI

**

6/17/2026

1,325

USD

83,411

PHP

5,000,000

JPMC

**

6/17/2026

1,325

USD

276,495

PLN

1,016,500

CITI

6/17/2026

2,743

USD

276,496

PLN

1,016,500

JPMC

6/17/2026

2,744

USD

546,942

SEK

5,000,000

CITI

6/17/2026

16,721

USD

546,943

SEK

5,000,000

JPMC

6/17/2026

16,722

USD

842,870

SGD

1,058,897

CITI

6/17/2026

14,832

56

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

CVX

FUSION

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

842,872

SGD

1,058,897

JPMC

6/17/2026

$

14,834

USD

366,556

THB

11,500,000

CITI

6/17/2026

15,672

USD

366,556

THB

11,500,000

JPMC

6/17/2026

15,673

USD

203,288

TWD

6,500,011

CITI

**

6/17/2026

1,030

USD

203,287

TWD

6,499,989

JPMC

**

6/17/2026

1,031

USD

267,394

ZAR

4,492,129

CITI

6/17/2026

3,464

USD

268,336

ZAR

4,507,871

JPMC

6/17/2026

3,481

Total

unrealized

appreciation

357,840

AUD

1,987,000

USD

1,412,452

CITI

6/17/2026

(

43,068

)

AUD

1,987,000

USD

1,412,449

JPMC

6/17/2026

(

43,066

)

CAD

1,310,292

USD

962,394

CITI

6/17/2026

(

17,325

)

CAD

1,310,292

USD

962,392

JPMC

6/17/2026

(

17,323

)

CHF

163,002

USD

212,174

CITI

6/17/2026

(

6,598

)

CHF

162,998

USD

212,168

JPMC

6/17/2026

(

6,597

)

CLP

200,000,000

USD

225,579

CITI

**

6/17/2026

(

9,511

)

CLP

200,000,000

USD

225,578

JPMC

**

6/17/2026

(

9,511

)

CNY

1,122,498

USD

164,469

CITI

**

6/17/2026

(

625

)

CNY

1,099,128

USD

161,053

JPMC

**

6/17/2026

(

619

)

CZK

3,000,000

USD

141,917

CITI

6/17/2026

(

513

)

CZK

3,000,000

USD

141,917

JPMC

6/17/2026

(

513

)

EUR

451,349

USD

525,958

CITI

6/17/2026

(

2,430

)

EUR

451,346

USD

525,954

JPMC

6/17/2026

(

2,431

)

GBP

1,150,500

USD

1,537,040

CITI

6/17/2026

(

14,589

)

GBP

1,150,500

USD

1,537,037

JPMC

6/17/2026

(

14,586

)

HUF

59,736,246

USD

184,379

CITI

6/17/2026

(

5,689

)

HUF

59,597,088

USD

183,797

JPMC

6/17/2026

(

5,523

)

IDR

1,000,000,000

USD

59,017

CITI

**

6/17/2026

(

241

)

IDR

1,000,000,000

USD

59,017

JPMC

**

6/17/2026

(

241

)

ILS

474,000

USD

153,185

CITI

6/17/2026

(

2,085

)

ILS

474,000

USD

153,185

JPMC

6/17/2026

(

2,084

)

JPY

51,479,166

USD

331,732

CITI

6/17/2026

(

5,264

)

JPY

51,479,166

USD

331,731

JPMC

6/17/2026

(

5,263

)

KRW

862,499,999

USD

600,798

CITI

**

6/17/2026

(

26,179

)

KRW

862,499,999

USD

600,797

JPMC

**

6/17/2026

(

26,178

)

MXN

4,000,004

USD

228,143

CITI

6/17/2026

(

6,453

)

MXN

3,999,996

USD

228,142

JPMC

6/17/2026

(

6,451

)

NOK

2,750,936

USD

287,405

CITI

6/17/2026

(

3,486

)

NOK

2,750,936

USD

287,405

JPMC

6/17/2026

(

3,485

)

PEN

647,677

USD

191,438

CITI

**

6/17/2026

(

6,080

)

PEN

647,677

USD

191,437

JPMC

**

6/17/2026

(

6,080

)

PLN

537,500

USD

148,363

CITI

6/17/2026

(

3,609

)

PLN

537,500

USD

148,363

JPMC

6/17/2026

(

3,610

)

SGD

365,500

USD

287,864

CITI

6/17/2026

(

2,049

)

SGD

365,500

USD

287,863

JPMC

6/17/2026

(

2,049

)

TWD

17,500,011

USD

556,503

CITI

**

6/17/2026

(

11,965

)

TWD

17,499,989

USD

556,501

JPMC

**

6/17/2026

(

11,964

)

USD

41,069

CAD

57,000

CITI

6/17/2026

(

43

)

USD

41,069

CAD

57,000

JPMC

6/17/2026

(

43

)

USD

384,084

EUR

332,000

CITI

6/17/2026

(

1,008

)

USD

384,085

EUR

332,000

JPMC

6/17/2026

(

1,007

)

USD

73,075

HUF

24,839,101

CITI

6/17/2026

(

1,226

)

USD

74,023

HUF

25,160,899

JPMC

6/17/2026

(

1,242

)

USD

98,327

ILS

308,500

CITI

6/17/2026

(

16

)

USD

98,327

ILS

308,500

JPMC

6/17/2026

(

16

)

USD

696,072

JPY

110,000,000

CITI

6/17/2026

(

1,520

)

USD

696,074

JPY

110,000,000

JPMC

6/17/2026

(

1,518

)

USD

66,121

KRW

100,000,000

CITI

**

6/17/2026

(

501

)

USD

66,122

KRW

100,000,000

JPMC

**

6/17/2026

(

501

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

CVX

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

57

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

27,510

MXN

500,000

CITI

6/17/2026

$

(

201

)

USD

27,510

MXN

500,000

JPMC

6/17/2026

(

201

)

USD

11,821

PEN

41,500

CITI

**

6/17/2026

(

56

)

USD

11,821

PEN

41,500

JPMC

**

6/17/2026

(

56

)

USD

81,963

PHP

5,000,000

CITI

**

6/17/2026

(

123

)

USD

81,963

PHP

5,000,000

JPMC

**

6/17/2026

(

123

)

USD

31,091

TWD

1,000,000

CITI

**

6/17/2026

(

26

)

USD

31,091

TWD

1,000,000

JPMC

**

6/17/2026

(

26

)

USD

233,672

ZAR

4,000,000

CITI

6/17/2026

(

1,343

)

USD

233,672

ZAR

4,000,000

JPMC

6/17/2026

(

1,343

)

ZAR

4,992,129

USD

306,551

CITI

6/17/2026

(

13,247

)

ZAR

5,007,871

USD

307,042

JPMC

6/17/2026

(

12,812

)

Total

unrealized

depreciation

(

373,531

)

Net

unrealized

depreciation

$

(

15,691

)

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

58

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

103.9%

COMMON

STOCKS

-

9.1%

Communication

Services

-

0

.2

%

Interactive

Media

&

Services

-

0

.2

%

Alphabet,

Inc.,

Class

C

(1)(a)

17,707

5,079,430

Wireless

Telecommunication

Services

-

0

.0

%

†

Kyivstar

Group

Ltd.

*(b)

14,558

147,327

Total

Communication

Services

5,226,757

Consumer

Discretionary

-

0

.5

%

Textiles,

Apparel

&

Luxury

Goods

-

0

.5

%

Skechers

USA,

Inc.,

Class

A

(3)*

542,493

11,880,597

Consumer

Staples

-

0

.0

%

†

Food

Products

-

0

.0

%

†

CN

Healthy

Food

Tech

Group

Corp.

(3)*

12,638

69,635

Financials

-

1

.7

%

Banks

-

0

.4

%

Flushing

Financial

Corp.

(1)(a)

101,936

1,565,737

Stellar

Bancorp,

Inc.

(1)(a)

211,684

7,749,751

9,315,488

Capital

Markets

-

1

.2

%

Abony

Acquisition

Corp.

I,

Class

B

(acquired

2/19/2026,

Cost

$235)

(3)*(c)(d)

78,336

235

Activate

Energy

Acquisition

Corp.,

Class

B

(acquired

12/4/2025,

Cost

$216)

(3)*(c)(d)

71,880

216

Aldabra

4

Liquidity

Opportunity

Vehicle,

Inc.,

Class

B

(Germany)

(acquired

1/22/2026,

Cost

$222)

(3)*(c)(d)

74,140

222

American

Drive

Acquisition

Co.,

Class

B

(acquired

12/18/2025,

Cost

$151,380)

(3)*(c)(d)

87,000

151,380

Andretti

Acquisition

Corp.

II,

Class

B

(acquired

9/6/2024,

Cost

$309)

(3)*(c)(d)

77,278

309

Art

Technology

Acquisition

Corp.,

Class

B

(acquired

1/6/2026,

Cost

$306)

(3)*(c)(d)

30,630

306

Axiom

Intelligence

Acquisition

Corp.

1,

Class

B

(acquired

6/18/2025,

Cost

$257)

(3)*(c)(d)

64,144

257

Bitcoin

Infrastructure

Acquisition

Corp.

Ltd.,

Class

B

(acquired

12/2/2025,

Cost

$241)

(3)*(c)(d)

80,271

241

Bluerock

Acquisition

Corp.,

Class

B

(acquired

12/11/2025,

Cost

$180)

(3)*(c)(d)

60,080

180

byNordic

Acquisition

Corp.,

Class

A

(Sweden)

*(a)(d)

40,443

509,986

CO2

Energy

Transition

Corp.

(1)*(d)

127,667

1,323,907

Cohen

Circle

Acquisition

Corp.

II,

Class

B

(acquired

7/1/2025,

Cost

$398)

(3)*(c)(d)

39,810

398

INVESTMENTS

SHARES

VALUE

($)

Capital

Markets

-

1.2%

(continued)

Columbus

Circle

Capital

Corp.

II,

Class

B

(acquired

2/11/2026,

Cost

$108)

(3)*(c)(d)

36,079

108

Crane

Harbor

Acquisition

Corp.

II,

Class

B

(acquired

12/16/2025,

Cost

$378)

(3)*(c)(d)

75,600

378

CSLM

Digital

Asset

Acquisition

Corp.

III

Ltd.,

Class

B

(acquired

8/27/2025,

Cost

$165)

(3)*(c)(d)

54,870

165

EGH

Acquisition

Corp.,

Class

B

(acquired

5/9/2025,

Cost

$202)

(3)*(c)(d)

67,296

202

ESH

Acquisition

Corp.,

Class

A

(1)*(d)

8,212

98,462

Fact

II

Acquisition

Corp.,

Class

A

(acquired

11/27/2024,

Cost

$149)

(3)*(c)(d)

14,906

149

Fact

II

Acquisition

Corp.,

Class

B

(acquired

11/27/2024,

Cost

$191)

(3)*(c)(d)

51,558

191

FG

Merger

II

Corp.

(1)*(d)

179,188

1,809,799

Gesher

Acquisition

Corp.

II,

Class

B

(acquired

3/21/2025,

Cost

$417)

(3)*(c)(d)

92,583

417

Gigcapital7

Corp.,

Class

B

(acquired

8/29/2024,

Cost

$78,678)

(3)*(c)(d)

68,416

78,678

GigCapital8

Corp.,

Class

B

(acquired

10/6/2025,

Cost

$2,634)

(3)*(c)(d)

113,287

2,634

GigCapital9

Corp.,

Class

B

(acquired

1/27/2026,

Cost

$3,540)

(3)*(c)(d)

152,224

3,540

GSR

IV

Acquisition

Corp.,

Class

B

(acquired

9/4/2025,

Cost

$93)

(3)*(c)

(d)

92,407

93

HCM

III

Acquisition

Corp.,

Class

B

(acquired

8/1/2025,

Cost

$31)

(3)*(c)

(d)

10,459

31

HCM

IV

Acquisition

Corp.,

Class

B

(acquired

2/12/2026,

Cost

$196)

(3)*(c)(d)

65,277

196

Hennessy

Capital

Investment

Corp.

VII,

Class

B

(acquired

1/17/2025,

Cost

$131)

(3)*(c)(d)

65,300

131

Hennessy

Capital

Investment

Corp.

VIII,

Class

B

(acquired

2/5/2026,

Cost

$326)

(3)*(c)(d)

108,795

326

Inception

Growth

Acquisition

Ltd.

*(d)

26,400

324,984

Inception

Growth

Acquisition

Ltd.,

Class

B

(acquired

4/26/2023,

Cost

$–)

*(c)(d)

33,755

270,040

Indigo

Acquisition

Corp.,

Class

B

(acquired

7/1/2025,

Cost

$233)

(3)*(c)(d)

46,585

233

Infinite

Eagle

Acquisition

Corp.,

Class

A

(1)*(d)

635,159

6,338,887

Iris

Acquisition

Corp.

II,

Class

B

(acquired

2/3/2026,

Cost

$198)

(3)*(c)(d)

49,392

198

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

59

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Capital

Markets

-

1.2%

(continued)

Kochav

Defense

Acquisition

Corp.,

Class

B

(acquired

5/28/2025,

Cost

$375)

(3)*(c)(d)

125,127

375

LaFayette

Acquisition

Corp.,

Class

B

(acquired

10/24/2025,

Cost

$244)

(3)*(c)(d)

48,755

244

Launch

One

Acquisition

Corp.,

Class

B

(acquired

7/11/2024,

Cost

$236)

(3)*(c)(d)

59,069

236

Launch

Two

Acquisition

Corp.,

Class

B

(acquired

10/21/2024,

Cost

$261)

(3)*(c)(d)

65,200

261

Launchpad

Cadenza

Acquisition

Corp.

I,

Class

B

(acquired

12/18/2025,

Cost

$290)

(3)*(c)(d)

72,606

290

Leapfrog

Acquisition

Corp.,

Class

B

(acquired

12/4/2025,

Cost

$361)

(3)*(c)(d)

72,280

361

Lightwave

Acquisition

Corp.,

Class

B

(acquired

6/25/2025,

Cost

$309)

(3)*(c)(d)

77,130

309

M3-Brigade

Acquisition

VI

Corp.,

Class

B

(acquired

8/27/2025,

Cost

$68)

(3)*(c)(d)

22,579

68

Mayflower

Acquisition

Ltd.

(United

Kingdom)

*(d)

910,000

8,147,557

McKinley

Acquisition

Corp.,

Class

B

(acquired

8/12/2025,

Cost

$82)

(3)*(c)(d)

65,705

82

New

America

Acquisition

I

Corp.,

Class

A

(1)*(d)

36,044

360,801

New

Providence

Acquisition

Corp.

III,

Class

B

(acquired

4/24/2025,

Cost

$192)

(3)*(c)(d)

63,992

192

Newbury

Street

II

Acquisition

Corp.,

Class

B

(acquired

11/1/2024,

Cost

$346)

(3)*(c)(d)

86,566

346

NewHold

Investment

Corp.

III,

Class

B

(acquired

2/28/2025,

Cost

$338)

(3)*(c)(d)

91,354

338

OneIM

Acquisition

Corp.,

Class

A

(1)*(d)

170,748

1,710,895

Plum

Acquisition

Corp.

IV,

Class

A

(acquired

1/15/2025,

Cost

$157)

(3)*(c)(d)

15,672

157

Plum

Acquisition

Corp.

IV,

Class

B

(acquired

1/15/2025,

Cost

$188)

(3)*(c)(d)

62,688

188

Procap

Financial,

Inc.

*(b)

48,800

102,968

Quetta

Acquisition

Corp.

*(d)

72,851

823,945

Range

Capital

Acquisition

Corp.

II,

Class

B

(acquired

10/3/2025,

Cost

$269)

(3)*(c)(d)

89,808

269

RF

Acquisition

Corp.

III

(Singapore)

(1)*(d)

335,580

3,281,972

Silicon

Valley

Acquisition

Corp.,

Class

B

(acquired

12/23/2025,

Cost

$90,090)

(3)*(c)(d)

72,072

90,090

SilverBox

Corp.

IV,

Class

B

(acquired

8/16/2024,

Cost

$273)

(3)*(c)(d)

68,292

273

INVESTMENTS

SHARES

VALUE

($)

Capital

Markets

-

1.2%

(continued)

Stellar

V

Capital

Corp.,

Class

B

(acquired

1/30/2025,

Cost

$322)

(3)*(c)(d)

78,550

322

Tailwind

2.0

Acquisition

Corp.,

Class

B

(acquired

11/7/2025,

Cost

$381)

(3)*(c)(d)

95,248

381

Translational

Development

Acquisition

Corp.,

Class

B

(acquired

12/23/2024,

Cost

$242)

(3)*(c)(d)

60,623

242

Voyager

Acquisition

Corp.,

Class

B

(acquired

8/9/2024,

Cost

$300)

*(c)

(d)

74,993

936,663

Wen

Acquisition

Corp.,

Class

B

(acquired

5/16/2025,

Cost

$143)

(3)*(c)(d)

35,744

143

26,377,447

Mortgage

Real

Estate

Investment

Trusts

(REITs)

-

0

.1

%

Two

Harbors

Investment

Corp.

(1)(a)

200,842

2,293,616

Total

Financials

37,986,551

Health

Care

-

0

.8

%

Biotechnology

-

0

.8

%

Atrium

Therapeutics,

Inc.

(1)*(a)

125,410

1,676,732

Day

One

Biopharmaceuticals,

Inc.

(1)*(a)

768,933

16,485,923

Total

Health

Care

18,162,655

Industrials

-

0

.0

%

†

Construction

&

Engineering

-

0

.0

%

†

Terrestrial

Energy,

Inc.

*(b)

59,069

354,710

Electrical

Equipment

-

0

.0

%

†

Terra

Innovatum

Global

NV

*(b)

49,791

231,030

Total

Industrials

585,740

Information

Technology

-

4

.0

%

Semiconductors

&

Semiconductor

Equipment

-

1

.8

%

Qorvo,

Inc.

(1)*(a)

545,136

42,193,527

Software

-

2

.2

%

Clearwater

Analytics

Holdings,

Inc.,

Class

A

(1)*

1,033,148

24,433,950

Onestream,

Inc.

(1)*

1,081,093

25,946,232

50,380,182

Technology

Hardware,

Storage

&

Peripherals

-

0

.0

%

†

Xanadu

Quantum

Technologies

Ltd.

(Canada)

*(b)

62,544

479,087

Total

Information

Technology

93,052,796

Materials

-

1

.9

%

Chemicals

-

0

.1

%

Axalta

Coating

Systems

Ltd.

(1)*(a)

(e)

112,170

3,107,109

60

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Metals

&

Mining

-

1

.8

%

Namib

Minerals

*(b)

18,593

42,950

Teck

Resources

Ltd.,

Class

B

(Canada)

(1)(a)

794,346

41,107,405

41,150,355

Total

Materials

44,257,464

TOTAL

COMMON

STOCKS

(Cost

$203,453,472)

211,222,195

CLOSED-END

FUNDS

-

0

.0

%

†

Financials

-

0

.0

%

†

Core

Pacific

Pioneer

Mutual

(Cost

$–)

18,246

6,624

PRINCIPAL

AMOUNT

CORPORATE

BONDS

-

3.2%

Communication

Services

-

1

.3

%

Diversified

Telecommunication

Services

-

1

.3

%

Frontier

Communications

Holdings

LLC

5.88%,

11/1/2029

$

17,687,750

17,793,859

6.00%,

1/15/2030

(f)

4,617,000

4,644,619

WULF

Compute

LLC

7.75%,

10/15/2030

(f)

7,800,000

8,242,104

30,680,582

Media

-

0

.0

%

†

iHeartCommunications,

Inc.

6.38%,

5/1/2026

423

410

Total

Communication

Services

30,680,992

Energy

-

0

.0

%

†

Oil,

Gas

&

Consumable

Fuels

-

0

.0

%

†

Black

Elk

Energy

Escrow

13.75%,

12/1/2015

(3)(g)

2,833,436

123,254

Financials

-

0

.4

%

Consumer

Finance

-

0

.3

%

Global

Aircraft

Leasing

Co.

Ltd.

(Cayman

Islands)

8.75%,

9/1/2027

(f)

6,000,000

6,087,240

SLM

Corp.

3.13%,

11/2/2026

400,000

396,313

6,483,553

Mortgage

Real

Estate

Investment

Trusts

(REITs)

-

0

.1

%

Blackstone

Mortgage

Trust,

Inc.

3.75%,

1/15/2027

(f)

2,435,000

2,393,277

Total

Financials

8,876,830

Industrials

-

0

.0

%

†

Ground

Transportation

-

0

.0

%

†

Hertz

Corp.

(The)

4.63%,

12/1/2026

(f)

780,000

704,512

Materials

-

0

.9

%

Chemicals

-

0

.4

%

Chemours

Co.

(The)

5.75%,

11/15/2028

(f)

1,670,000

1,653,508

FMC

Corp.

3.20%,

10/1/2026

3,395,000

3,361,686

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

Chemicals

-

0.4%

(continued)

HB

Fuller

Co.

4.00%,

2/15/2027

$

2,860,000

2,819,388

Scotts

Miracle-Gro

Co.

(The)

5.25%,

12/15/2026

1,555,000

1,555,172

9,389,754

Metals

&

Mining

-

0

.5

%

IAMGOLD

Corp.

(Burkina

Faso)

5.75%,

10/15/2028

(f)

1,680,000

1,671,824

United

States

Steel

Corp.

6.88%,

3/1/2029

9,408,000

9,410,051

11,081,875

Total

Materials

20,471,629

Real

Estate

-

0

.6

%

Industrial

REITs

-

0

.6

%

IIP

Operating

Partnership

LP

5.50%,

5/25/2026

15,190,000

15,005,161

Retail

REITs

-

0

.0

%

†

Brookfield

Property

REIT,

Inc.

5.75%,

5/15/2026

(f)

780,000

776,751

Total

Real

Estate

15,781,912

Utilities

-

0

.0

%

†

Independent

Power

and

Renewable

Electricity

Producers

-

0

.0

%

†

Aegean

Marine

Petroleum

Network,

Inc.

Escrow

0.00%,

12/15/2022

(3)(g)

2,375,000

2,375

TOTAL

CORPORATE

BONDS

(Cost

$77,157,358)

76,641,504

CONVERTIBLE

BONDS

-

29.3%

Communication

Services

-

0

.6

%

Diversified

Telecommunication

Services

-

0

.4

%

AST

SpaceMobile,

Inc.

2.25%,

4/15/2036

(a)(f)

9,625,000

9,259,250

Interactive

Media

&

Services

-

0

.2

%

Weibo

Corp.

(China)

1.38%,

12/1/2030

(a)

5,325,000

5,609,887

Total

Communication

Services

14,869,137

Consumer

Discretionary

-

8

.8

%

Automobiles

-

0

.9

%

Nissan

Motor

Co.

Ltd.

(Japan)

1.00%,

7/15/2031

(a)(h)

JPY

2,930,000,000

20,146,577

Broadline

Retail

-

2

.5

%

Alibaba

Group

Holding

Ltd.

(China)

0.50%,

6/1/2031

(a)

$

4,225,000

5,860,075

0.00%,

9/15/2032

(a)(h)

25,300,000

24,351,250

Etsy,

Inc.

1.00%,

6/15/2030

(a)(f)

8,625,000

8,323,125

Groupon,

Inc.

Series

UNRS,

4.88%,

6/30/2030

(a)

9,300,000

7,572,060

JD.com,

Inc.

(China)

0.25%,

6/1/2029

(a)

12,800,000

12,729,600

58,836,110

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

61

(Continued)

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

Hotels,

Restaurants

&

Leisure

-

4

.6

%

Cracker

Barrel

Old

Country

Store,

Inc.

1.75%,

9/15/2030

(a)(f)

$

9,362,000

7,239,446

DoorDash,

Inc.

0.00%,

5/15/2030

(a)(f)

40,098,000

36,529,278

DraftKings

Holdings,

Inc.

0.00%,

3/15/2028

(a)

20,810,000

18,729,000

MakeMyTrip

Ltd.

(India)

0.00%,

7/1/2030

(a)(f)

25,275,000

21,281,550

Trip.com

Group

Ltd.

(China)

0.75%,

6/15/2029

(a)

22,153,000

22,923,083

106,702,357

Household

Durables

-

0

.1

%

JVCKenwood

Corp.

(Japan)

0.00%,

12/2/2030

(a)(h)

JPY

350,000,000

2,141,946

Specialty

Retail

-

0

.7

%

GameStop

Corp.

0.00%,

6/15/2032

(a)(f)

$

15,050,000

15,524,075

Total

Consumer

Discretionary

203,351,065

Consumer

Staples

-

0

.4

%

Household

Products

-

0

.1

%

Spectrum

Brands,

Inc.

3.38%,

6/1/2029

(a)

2,045,000

2,038,456

Personal

Care

Products

-

0

.3

%

Oddity

Finance

LLC

0.00%,

6/15/2030

(a)(f)

9,646,000

6,565,309

Total

Consumer

Staples

8,603,765

Energy

-

0

.2

%

Oil,

Gas

&

Consumable

Fuels

-

0

.2

%

Centrus

Energy

Corp.

0.00%,

8/15/2032

(a)(f)

5,250,000

5,559,750

Financials

-

2

.6

%

Capital

Markets

-

0

.4

%

Capital

Southwest

Corp.

5.13%,

11/15/2029

(a)

2,569,000

2,617,811

Galaxy

Digital

Holdings

LP

0.50%,

5/1/2031

(a)(f)

10,975,000

7,783,595

10,401,406

Consumer

Finance

-

0

.7

%

Qfin

Holdings,

Inc.

(China)

0.50%,

4/1/2030

(a)(f)

3,421,000

2,909,212

Upstart

Holdings,

Inc.

1.00%,

11/15/2030

(a)

8,587,000

6,074,253

0.00%,

2/15/2032

(a)(f)

10,301,000

6,596,295

15,579,760

Financial

Services

-

1

.3

%

Affirm

Holdings,

Inc.

0.75%,

12/15/2029

(a)

16,032,000

15,002,539

Global

Payments,

Inc.

1.50%,

3/1/2031

(a)

12,600,000

11,101,243

Repay

Holdings

Corp.

2.88%,

7/15/2029

(a)(f)

4,200,000

3,327,932

29,431,714

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

Insurance

-

0

.2

%

Oscar

Health,

Inc.

2.25%,

9/1/2030

(a)(f)

$

4,601,000

4,149,642

Total

Financials

59,562,522

Health

Care

-

4

.7

%

Biotechnology

-

2

.6

%

Cytokinetics,

Inc.

1.75%,

10/1/2031

(a)(f)

6,300,000

8,028,562

Exact

Sciences

Corp.

1.75%,

4/15/2031

(f)

19,137,000

23,967,179

Halozyme

Therapeutics,

Inc.

0.00%,

2/15/2031

(a)(f)

5,688,000

5,542,956

0.88%,

11/15/2032

(a)(f)

13,076,000

12,899,474

Sarepta

Therapeutics,

Inc.

4.88%,

9/1/2030

(a)(f)

8,515,000

7,099,381

Telix

Pharmaceuticals

Ltd.

(Australia)

2.38%,

7/30/2029

(a)(h)

AUD

4,000,000

2,710,124

60,247,676

Health

Care

Equipment

&

Supplies

-

1

.1

%

Alphatec

Holdings,

Inc.

0.75%,

3/15/2030

(a)

$

4,400,000

4,504,280

Dexcom,

Inc.

0.38%,

5/15/2028

(a)

23,208,000

21,374,568

25,878,848

Health

Care

Providers

&

Services

-

0

.7

%

Hims

&

Hers

Health,

Inc.

0.00%,

5/15/2030

(a)(f)

21,692,000

16,175,956

Life

Sciences

Tools

&

Services

-

0

.3

%

Tempus

AI,

Inc.

0.75%,

7/15/2030

(a)(f)

5,375,000

5,117,000

Total

Health

Care

107,419,480

Industrials

-

3

.2

%

Aerospace

&

Defense

-

0

.5

%

BWX

Technologies,

Inc.

0.00%,

11/1/2030

(a)(f)

9,742,000

10,092,712

Commercial

Services

&

Supplies

-

0

.1

%

Park24

Co.

Ltd.

(Japan)

0.00%,

2/24/2028

(a)(h)

JPY

480,000,000

3,029,016

Electrical

Equipment

-

1

.0

%

Array

Technologies,

Inc.

2.88%,

7/1/2031

(a)(f)

$

5,225,000

6,488,797

Bloom

Energy

Corp.

0.00%,

11/15/2030

(a)(f)

10,702,000

11,395,489

Fluence

Energy,

Inc.

2.25%,

6/15/2030

(a)

5,632,000

5,654,528

23,538,814

Ground

Transportation

-

1

.1

%

Grab

Holdings

Ltd.

(Singapore)

0.00%,

6/15/2030

(a)(h)

15,151,000

14,461,629

Lyft,

Inc.

0.00%,

9/15/2030

(a)(f)

11,750,000

11,049,983

25,511,612

62

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

Machinery

-

0

.2

%

Daifuku

Co.

Ltd.

(Japan)

Series

2028,

0.00%,

9/14/2028

(a)(h)

JPY

370,000,000

3,680,067

Series

2030,

0.00%,

9/13/2030

(a)(h)

100,000,000

1,021,549

4,701,616

Passenger

Airlines

-

0

.2

%

Joby

Aviation,

Inc.

0.75%,

2/15/2032

(a)

$

5,202,000

4,457,464

Trading

Companies

&

Distributors

-

0

.1

%

Xometry,

Inc.

0.75%,

6/15/2030

(a)(f)

2,193,000

2,582,258

Total

Industrials

73,913,492

Information

Technology

-

7

.5

%

Communications

Equipment

-

0

.4

%

ADTRAN

Holdings,

Inc.

3.75%,

9/15/2030

(a)(f)

6,662,000

8,938,354

Electronic

Equipment,

Instruments

&

Components

-

1

.0

%

Ibiden

Co.

Ltd.

(Japan)

0.00%,

3/14/2031

(a)(h)

JPY

1,000,000,000

11,184,273

Vishay

Intertechnology,

Inc.

2.25%,

9/15/2030

(a)

$

11,708,000

11,233,826

22,418,099

IT

Services

-

0

.8

%

CoreWeave,

Inc.

1.75%,

12/1/2031

(a)(f)

4,571,000

4,576,028

Wix.com

Ltd.

(Israel)

0.00%,

9/15/2030

(a)(f)

17,757,000

14,693,918

19,269,946

Semiconductors

&

Semiconductor

Equipment

-

1

.2

%

ON

Semiconductor

Corp.

0.50%,

3/1/2029

(a)

22,495,000

21,988,862

Penguin

Solutions,

Inc.

2.00%,

8/15/2030

(a)

5,297,000

5,310,451

27,299,313

Software

-

3

.3

%

Alarm.com

Holdings,

Inc.

2.25%,

6/1/2029

(a)

7,225,000

6,651,516

IREN

Ltd.

(Australia)

0.00%,

7/1/2031

(a)(f)

6,150,000

4,479,045

0.25%,

6/1/2032

(a)(f)

1,897,000

1,655,132

Series

33,

1.00%,

6/1/2033

(a)(f)

5,225,000

4,590,163

Nebius

Group

NV

(Netherlands)

1.00%,

9/15/2030

(a)(f)

7,925,000

8,509,469

1.25%,

3/15/2031

(a)(f)

2,704,000

2,597,733

2.75%,

9/15/2032

(a)(f)

3,000,000

3,132,000

PAR

Technology

Corp.

4.00%,

3/15/2031

(a)(f)

1,800,000

1,852,200

Progress

Software

Corp.

1.00%,

4/15/2026

(a)

300,000

299,250

3.50%,

3/1/2030

(a)

9,077,000

8,064,007

Strategy,

Inc.

0.00%,

12/1/2029

(a)

16,425,000

13,624,537

2.25%,

6/15/2032

(a)

5,125,000

5,224,938

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

Software

-

3.3%

(continued)

Unity

Software,

Inc.

0.00%,

3/15/2030

(a)

$

9,915,000

9,871,374

Vertex,

Inc.

0.75%,

5/1/2029

(a)

7,771,000

6,725,800

77,277,164

Technology

Hardware,

Storage

&

Peripherals

-

0

.8

%

Super

Micro

Computer,

Inc.

3.50%,

3/1/2029

(a)

16,042,000

12,791,217

0.00%,

6/15/2030

(a)(f)

6,150,000

4,504,169

17,295,386

Total

Information

Technology

172,498,262

Materials

-

0

.0

%

†

Metals

&

Mining

-

0

.0

%

†

Nippon

Steel

Corp.

(Japan)

0.00%,

2/14/2031

(a)(h)

JPY

170,000,000

1,097,949

Real

Estate

-

1

.1

%

Industrial

REITs

-

0

.3

%

Rexford

Industrial

Realty

LP

4.13%,

3/15/2029

(a)(f)

$

7,150,000

7,010,575

Office

REITs

-

0

.6

%

Boston

Properties

LP

2.00%,

10/1/2030

(a)(f)

14,909,000

13,529,917

Residential

REITs

-

0

.2

%

Tanger

Properties

LP

2.38%,

1/15/2031

(a)(f)

4,202,000

4,205,362

Total

Real

Estate

24,745,854

Utilities

-

0

.2

%

Water

Utilities

-

0

.2

%

American

Water

Capital

Corp.

3.63%,

6/15/2026

(a)

5,625,000

5,612,625

TOTAL

CONVERTIBLE

BONDS

(Cost

$723,592,092)

677,233,901

NO.

OF

RIGHTS

RIGHTS

-

0.0%

†

Financials

-

0

.0

%

†

Capital

Markets

-

0

.0

%

†

Allegro

Merger

Corp.,

expiring

1/6/2027

(3)*

180,000

–

Aquaron

Acquisition

Corp.,

expiring

5/6/2026

(3)*(a)(d)

35,605

8,545

Broad

Capital

Acquisition

Corp.,

expiring

4/13/2026

(3)*(d)

69,739

13,250

Clean

Energy

Special

Situations

Corp.,

expiring

6/30/2027

*(d)

40,212

34,422

CO2

Energy

Transition

Corp.,

expiring

5/21/2026

(1)*(d)

127,667

21,703

ESH

Acquisition

Corp.,

expiring

4/16/2026

*(d)

97,905

16,644

FG

Merger

II

Corp.,

expiring

1/29/2027

(1)*(d)

179,188

73,467

Goldenstone

Acquisition

Ltd.,

expiring

4/21/2026

(3)*(d)

32,200

2,966

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

63

(Continued)

INVESTMENTS

NO.

OF

RIGHTS

VALUE

($)

Capital

Markets

-

0.0%

†

(continued)

IB

Acquisition

Corp.,

expiring

9/28/2026

(1)*(d)

43,870

4,554

Inception

Growth

Acquisition

Ltd.,

expiring

8/13/2026

*(d)

112,518

21,941

Mercer

Park

Opportunities

Corp.,

expiring

4/22/2026

*(d)

457,730

98,412

PHP

Ventures

Acquisition

Corp.,

expiring

12/31/2026

(3)*(d)

29,400

–

Quetta

Acquisition

Corp.,

expiring

4/10/2026

(1)*(d)

1,196

1,770

RF

Acquisition

Corp.

III,

expiring

11/13/2027

(3)*(d)

335,580

33,558

Yotta

Acquisition

Corp.,

expiring

4/22/2027

(3)*(d)

68,693

6,869

Total

Financials

338,101

Health

Care

-

0

.0

%

Biotechnology

-

0

.0

%

Ambit

Biosciences

Corp.,

CVR

(3)*

146,272

–

Tobira

Therapeutics,

Inc.,

CVR

(3)*

11,880

–

Total

Health

Care

–

TOTAL

RIGHTS

(Cost

$–)

338,101

NO.

OF

WARRANTS

WARRANTS

-

0.1%

Communication

Services

-

0

.0

%

†

Media

-

0

.0

%

HWH

International,

Inc.,

expiring

2/2/2027

(3)*

52,991

–

a

Wireless

Telecommunication

Services

-

0

.0

%

†

Kyivstar

Group

Ltd.,

expiring

8/14/2030

(United

Arab

Emirates)

(1)*

59,822

209,377

a

Total

Communication

Services

209,377

Consumer

Discretionary

-

0

.0

%

†

Automobiles

-

0

.0

%

†

Thunder

Power

Holdings,

Inc.,

expiring

6/1/2029

(3)*

94,079

1,900

a

Distributors

-

0

.0

%

†

Polibeli

Group

Ltd.,

expiring

6/23/2030

(Indonesia)

(3)*

134,606

12,559

a

Total

Consumer

Discretionary

14,459

Consumer

Staples

-

0

.0

%

†

Food

Products

-

0

.0

%

†

CN

Healthy

Food

Tech

Group

Corp.,

expiring

2/16/2029

(3)*

55,001

5,005

a

INVESTMENTS

NO.

OF

WARRANTS

VALUE

($)

Financials

-

0

.1

%

Capital

Markets

-

0

.1

%

26

Capital

Acquisition

Corp.,

expiring

6/30/2026

(3)*(d)

74,200

482

Aetherium

Acquisition

Corp.,

expiring

3/29/2027

(3)*(d)

175,712

5,500

Aldabra

4

Liquidity

Opportunity

Vehicle,

Inc.,

expiring

1/22/2028

(acquired

1/22/2026,

Cost

$92,675)

(3)*(c)(d)

61,783

92,675

Allegro

Merger

Corp.,

expiring

1/6/2027

(3)*

180,000

–

AltEnergy

Acquisition

Corp.,

expiring

5/1/2026

*(a)(d)

61,463

4,210

Arogo

Capital

Acquisition

Corp.,

expiring

6/29/2026

*(a)

(d)

96,774

10

Athena

Technology

Acquisition

Corp.

II,

expiring

4/14/2026

*(a)(d)

319,116

5,457

Bluerock

Acquisition

Corp.,

expiring

12/11/2027

(Ireland)

(acquired

12/11/2025,

Cost

$75,100)

(3)*(c)(d)

75,100

75,100

byNordic

Acquisition

Corp.,

expiring

4/12/2026

*(a)(d)

69,207

2,076

Canna-Global

Acquisition

Corp.,

expiring

6/30/2026

(3)*(d)

188,580

19

Clean

Energy

Special

Situations

Corp.,

expiring

6/30/2027

(3)*(d)

19,002

2

CO2

Energy

Transition

Corp.,

expiring

5/21/2026

*(d)

127,667

14,043

Concord

Acquisition

Corp.

II,

expiring

12/31/2026

(3)*(d)

95,464

5,604

Corner

Growth

Acquisition

Corp.,

expiring

12/31/2026

(3)*(d)

110,400

22,080

Everest

Consolidator

Acquisition

Corp.,

expiring

12/31/2026

(3)*(d)

55,108

11

Focus

Impact

BH3

Acquisition

Co.,

expiring

10/7/2028

(3)*(d)

40,816

4,081

Four

Leaf

Acquisition

Corp.,

expiring

4/22/2026

(3)*(d)

111,000

11

FutureTech

II

Acquisition

Corp.,

expiring

4/18/2026

*(d)

38,964

23

Goal

Acquisitions

Corp.,

expiring

7/31/2027

(3)*(d)

84,630

8

Goldenstone

Acquisition

Ltd.,

expiring

4/21/2026

*(d)

32,200

644

HCM

III

Acquisition

Corp.,

expiring

8/1/2027

(acquired

8/1/2025,

Cost

$20,918)

(3)*(c)(d)

13,945

20,918

HCM

IV

Acquisition

Corp.,

expiring

2/12/2028

(acquired

2/12/2026,

Cost

$163,193)

(3)*(c)(d)

108,795

163,193

64

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

NO.

OF

WARRANTS

VALUE

($)

Capital

Markets

-

0.1%

(continued)

Inception

Growth

Acquisition

Ltd.,

expiring

8/13/2026

(3)*(d)

40,104

1,612

Integral

Acquisition

Corp.

1,

expiring

5/5/2026

(3)*(d)

45,553

683

InterPrivate

III

Financial

Partners,

Inc.,

expiring

12/31/2027

(3)*

16,500

–

Launch

One

Acquisition

Corp.,

expiring

7/12/2026

(acquired

7/11/2024,

Cost

$73,836)

(3)*(c)(d)

73,836

73,836

Launch

Two

Acquisition

Corp.,

expiring

10/8/2026

(acquired

10/21/2024,

Cost

$81,500)

(3)*(c)(d)

81,500

81,500

Launchpad

Cadenza

Acquisition

Corp.

I,

expiring

12/18/2027

(acquired

12/18/2025,

Cost

$90,758)

(3)*(c)(d)

60,505

90,758

M3-Brigade

Acquisition

VI

Corp.,

expiring

8/27/2027

(acquired

8/27/2025,

Cost

$45,158)

(3)*(c)(d)

30,105

45,158

Maquia

Capital

Acquisition

Corp.,

expiring

12/31/2026

(3)*(d)

113,500

11

Mayflower

Acquisition

Ltd.,

expiring

1/29/2027

(United

Kingdom)

(3)*(d)

910,000

18,200

Mercer

Park

Opportunities

Corp.,

expiring

4/22/2026

(Cayman

Islands)

(3)*(d)

457,730

6,866

New

America

Acquisition

I

Corp.,

expiring

6/4/2027

(1)*(d)

18,022

9,011

Newbury

Street

Acquisition

Corp.,

expiring

12/31/2026

(3)*(d)

88,000

9

OneIM

Acquisition

Corp.,

expiring

1/14/2028

*(d)

28,458

18,498

Papaya

Growth

Opportunity

Corp.

I,

expiring

12/19/2026

(3)*(d)

206,644

2,087

PHP

Ventures

Acquisition

Corp.,

expiring

12/31/2026

(3)*(d)

14,700

648

PMV

Consumer

Acquisition

Corp.,

expiring

8/31/2027

(3)*

113,066

45

Procap

Financial,

Inc.,

expiring

12/31/2030

(1)*

3,272

916

Relativity

Acquisition

Corp.,

expiring

2/15/2027

(3)*(d)

89,748

–

Translational

Development

Acquisition

Corp.,

expiring

6/23/2026

(acquired

12/23/2024,

Cost

$75,779)

(3)*(c)(d)

75,779

75,779

Voyager

Acquisition

Corp.,

expiring

8/12/2026

(acquired

8/9/2024,

Cost

$93,740)

*(c)(d)

93,741

12,833

INVESTMENTS

NO.

OF

WARRANTS

VALUE

($)

Capital

Markets

-

0.1%

(continued)

Wen

Acquisition

Corp.,

expiring

5/16/2027

(acquired

5/16/2025,

Cost

$44,680)

(3)*(c)(d)

44,680

44,680

Yotta

Acquisition

Corp.,

expiring

4/22/2027

*(d)

68,693

7

899,284

Financial

Services

-

0

.0

%

†

Marblegate

Capital

Corp.,

expiring

4/7/2030

(1)*

237,454

42,742

a

Total

Financials

942,026

Health

Care

-

0

.0

%

†

Biotechnology

-

0

.0

%

†

Abpro

Holdings,

Inc.,

expiring

11/12/2029

*(a)

165,141

495

Alps

Group,

Inc.,

expiring

10/31/2030

(Malaysia)

(3)*(a)

45,633

685

ZyVersa

Therapeutics,

Inc.,

expiring

12/20/2026

(3)*

38,655

–

1,180

Health

Care

Equipment

&

Supplies

-

0

.0

%

†

Profusa,

Inc.,

expiring

7/11/2030

*

22,441

112

a

Health

Care

Technology

-

0

.0

%

†

iCoreConnect,

Inc.,

expiring

5/15/2028

(3)*

57,318

29

a

Total

Health

Care

1,321

Industrials

-

0

.0

%

†

Commercial

Services

&

Supplies

-

0

.0

%

†

DevvStream

Corp.,

expiring

11/7/2029

(3)*

49,375

494

a

Construction

&

Engineering

-

0

.0

%

†

Terrestrial

Energy,

Inc.,

expiring

10/10/2029

*(b)

73,836

191,235

a

Electrical

Equipment

-

0

.0

%

†

ConnectM

Technology

Solutions,

Inc.,

expiring

8/7/2029

(3)*

71,392

728

a

Industrial

Conglomerates

-

0

.0

%

†

Generation

Essentials

Group

(The),

expiring

6/4/2030

(France)

*

148,747

28,262

a

Total

Industrials

220,719

Information

Technology

-

0

.0

%

†

Software

-

0

.0

%

†

Horizon

Quantum

Holdings

Ltd.,

expiring

3/20/2031

(Singapore)

(1)*

3,182

6,523

a

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

65

(Continued)

INVESTMENTS

NO.

OF

WARRANTS

VALUE

($)

Materials

-

0

.0

%

†

Metals

&

Mining

-

0

.0

%

†

Namib

Minerals,

expiring

6/5/2030

(Cayman

Islands)

(1)*

41,075

5,545

a

Utilities

-

0

.0

%

†

Independent

Power

and

Renewable

Electricity

Producers

-

0

.0

%

†

Alternus

Clean

Energy,

Inc.,

expiring

12/22/2028

*

84,666

9

a

TOTAL

WARRANTS

(Cost

$1,396,707)

1,404,984

NO.

OF

UNITS

SECURITIES

IN

LITIGATION

-

0.0%

Health

Care

-

0

.0

%

Health

Care

Equipment

&

Supplies

-

0

.0

%

DEMC

Ltd.,

Class

A

(acquired

1/24/2014

-

10/29/2015,

Cost

$129,686)

(3)*(c)

12,969

–

DEMC

Ltd.,

Class

A-2

(acquired

2/8/2023,

Cost

$–)

(3)*(c)

368,190,309

–

DEMC

Ltd.,

Class

A-3

(acquired

2/8/2023,

Cost

$–)

(3)*(c)

292,030,544,028

–

DEMC

Ltd.,

Class

A-4

(acquired

2/8/2023,

Cost

$–)

(3)*(c)

40,321,771,424,070

–

DEMC

Ltd.,

Class

B

(acquired

1/27/2014,

Cost

$11)

(3)*(c)

10,488

–

DEMC

Ltd.,

Class

B-2

(Malaysia)

(acquired

4/12/2017,

Cost

$–)

(3)*(c)

513,897,326

–

DEMC

Ltd.,

Class

B-3

(acquired

9/5/2019,

Cost

$–)

(3)*(c)

489,352,292,604

–

DEMC

Ltd.,

Class

B-4

(acquired

1/31/2022,

Cost

$–)

(3)*(c)

40,321,771,424,070

–

Total

Health

Care

–

TOTAL

SECURITIES

IN

LITIGATION

(Cost

$129,697)

–

UNITS

-

0.7%

Financials

-

0

.7

%

Capital

Markets

-

0

.7

%

Abony

Acquisition

Corp.

I

(acquired

2/19/2026,

Cost

$97,920)

(3)*(c)(d)

9,792

97,920

Activate

Energy

Acquisition

Corp.

(acquired

12/4/2025,

Cost

$89,850)

(3)*(c)(d)

8,985

89,850

Andretti

Acquisition

Corp.

II

(acquired

9/6/2024,

Cost

$96,600)

(3)*(c)(d)

9,660

96,600

Art

Technology

Acquisition

Corp.

(acquired

1/6/2026,

Cost

$61,260)

(3)*(c)(d)

6,126

61,260

Axiom

Intelligence

Acquisition

Corp.

1

(acquired

6/18/2025,

Cost

$80,180)

(3)*(c)(d)

8,018

80,180

INVESTMENTS

NO.

OF

UNITS

VALUE

($)

Capital

Markets

-

0.7%

(continued)

Bitcoin

Infrastructure

Acquisition

Corp.

Ltd.

(acquired

12/2/2025,

Cost

$120,410)

(3)*(c)(d)

12,041

120,410

Cohen

Circle

Acquisition

Corp.

II

(acquired

7/1/2025,

Cost

$79,620)

(3)*(c)(d)

7,962

79,620

Columbus

Circle

Capital

Corp.

II

(acquired

2/11/2026,

Cost

$63,140)

(3)*(c)(d)

6,314

63,140

Crane

Harbor

Acquisition

Corp.

II

(acquired

12/16/2025,

Cost

$151,200)

(3)*(c)(d)

15,120

151,200

CSLM

Digital

Asset

Acquisition

Corp.

III

Ltd.

(acquired

8/27/2025,

Cost

$109,740)

(3)*(c)(d)

10,974

109,740

EGH

Acquisition

Corp.

(acquired

5/9/2025,

Cost

$84,120)

(3)*(c)(d)

8,412

84,120

Fact

II

Acquisition

Corp.

(acquired

11/27/2024,

Cost

$74,381)

(3)*(c)(d)

7,453

74,381

Gesher

Acquisition

Corp.

II

(acquired

3/21/2025,

Cost

$115,614)

(3)*(c)(d)

11,573

115,729

GigCapital8

Corp.

(acquired

10/6/2025,

Cost

$97,608)

(3)*(c)(d)

10,024

97,608

GigCapital9

Corp.

(acquired

1/27/2026,

Cost

$131,260)

(3)*(c)(d)

13,480

131,260

GigCapital9

Corp.

(1)*(d)

704,476

7,072,939

GSR

IV

Acquisition

Corp.

(acquired

9/4/2025,

Cost

$132,977)

(3)*(c)(d)

13,307

132,977

Hennessy

Capital

Investment

Corp.

VII

(acquired

1/17/2025,

Cost

$130,469)

(3)*(c)(d)

13,060

130,469

Hennessy

Capital

Investment

Corp.

VIII

(acquired

2/5/2026,

Cost

$162,864)

(3)*(c)(d)

16,319

162,864

Indigo

Acquisition

Corp.

(acquired

7/1/2025,

Cost

$66,317)

(3)*(c)(d)

6,655

66,317

Iris

Acquisition

Corp.

II

(acquired

2/3/2026,

Cost

$61,740)

(3)*(c)(d)

6,174

61,740

Kochav

Defense

Acquisition

Corp.

(acquired

5/28/2025,

Cost

$139,030)

(3)*(c)(d)

13,903

139,030

KPET

Ultra

Paceline

Corp.

(1)*(d)

430,908

4,309,080

LaFayette

Acquisition

Corp.

(acquired

10/24/2025,

Cost

$69,406)

(3)*(c)(d)

6,965

69,406

Leapfrog

Acquisition

Corp.

(acquired

12/4/2025,

Cost

$90,350)

(3)*(c)(d)

9,035

90,350

Lightwave

Acquisition

Corp.

(acquired

6/25/2025,

Cost

$77,130)

(3)*(c)(d)

7,713

77,130

McKinley

Acquisition

Corp.

(acquired

8/12/2025,

Cost

$82,048)

(3)*(c)(d)

8,213

82,048

New

Providence

Acquisition

Corp.

III

(acquired

4/24/2025,

Cost

$79,990)

(3)*(c)(d)

7,999

79,990

Newbury

Street

II

Acquisition

Corp.

(acquired

11/1/2024,

Cost

$108,210)

(3)*(c)(d)

10,821

108,210

66

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

NO.

OF

UNITS

VALUE

($)

Capital

Markets

-

0.7%

(continued)

NewHold

Investment

Corp.

III

(acquired

2/28/2025,

Cost

$114,189)

(3)*(c)(d)

11,419

114,189

Plum

Acquisition

Corp.

IV

(acquired

1/15/2025,

Cost

$78,203)

(3)*(c)(d)

7,836

78,203

QDRO

Acquisition

Corp.

(1)*(d)

48,309

479,225

Range

Capital

Acquisition

Corp.

II

(acquired

10/3/2025,

Cost

$112,260)

(3)*(c)(d)

11,226

112,260

Safeguard

Acquisition

Corp.,

Class

A

(acquired

12/4/2025,

Cost

$136,104)

(3)*(c)(d)

90,736

136,104

SilverBox

Corp.

IV

(acquired

8/16/2024,

Cost

$85,370)

(3)*(c)(d)

8,537

85,370

Stellar

V

Capital

Corp.

(acquired

1/30/2025,

Cost

$78,550)

(3)*(c)(d)

7,855

78,550

SUMA

Acquisition

Corp.

(1)*(d)

9,286

93,046

Tailwind

2.0

Acquisition

Corp.

(acquired

11/7/2025,

Cost

$119,060)

(3)*(c)(d)

11,906

119,060

Total

Financials

15,331,575

Information

Technology

-

0

.0

%

†

Technology

Hardware,

Storage

&

Peripherals

-

0

.0

%

†

Xanadu

Quantum

Technologies

Ltd.

(Canada)

*(b)

7,818

65,874

TOTAL

UNITS

(Cost

$15,380,100)

15,397,449

SHARES

SHORT-TERM

INVESTMENTS

-

61.5%

INVESTMENT

COMPANIES

-

31

.1

%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(1)(i)(j)

3,985,346

3,985,346

Limited

Purpose

Cash

Investment

Fund,

3.65%

(1)(i)(k)

714,856,464

714,856,464

TOTAL

INVESTMENT

COMPANIES

(Cost

$718,727,755)

718,841,810

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

30

.4

%

U.S.

Treasury

Bills

3.73%,

4/23/2026

(l)

$

15,066,000

15,032,582

3.77%,

5/7/2026

(l)(m)

70,734,000

70,476,351

3.78%,

5/21/2026

(l)(m)

57,034,000

56,746,612

3.70%,

6/4/2026

(l)(m)

15,468,000

15,368,626

3.65%,

6/11/2026

(l)(m)

16,118,000

16,003,648

3.56%,

6/18/2026

(l)(m)

3,423,000

3,396,323

3.56%,

7/2/2026

(l)(m)

82,674,000

81,912,712

3.54%,

7/9/2026

(l)(m)

90,000,000

89,107,638

3.55%,

7/16/2026

(l)(m)

70,000,000

69,260,295

3.58%,

7/23/2026

(l)(m)

120,000,000

118,647,139

3.59%,

7/30/2026

(l)(m)

89,704,000

88,624,945

3.59%,

8/6/2026

(l)(m)

22,343,000

22,060,052

3.56%,

8/13/2026

(l)(m)

51,237,000

50,549,363

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

30.4%

(continued)

3.70%,

9/24/2026

(l)(m)

$

4,167,000

4,094,182

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$701,420,801)

701,280,468

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$1,420,148,556)

1,420,122,278

TOTAL

LONG

POSITIONS

(Cost

$2,441,257,982)

2,402,367,036

SHARES

SHORT

POSITIONS

-

(11.1)%

COMMON

STOCKS

-

(11.1)%

Communication

Services

-

(

0

.6

)

%

Diversified

Telecommunication

Services

-

(

0

.3

)

%

AST

SpaceMobile,

Inc.

(1)

(

69,517

)

(

5,760,874

)

Interactive

Media

&

Services

-

(

0

.3

)

%

Alphabet,

Inc.,

Class

A

(1)

(

17,707

)

(

5,091,825

)

Weibo

Corp.,

ADR

(China)

(1)

(

251,635

)

(

2,201,806

)

(

7,293,631

)

Total

Communication

Services

(

13,054,505

)

Consumer

Discretionary

-

(

2

.7

)

%

Automobiles

-

(

0

.5

)

%

Nissan

Motor

Co.

Ltd.

(Japan)

(

4,920,217

)

(

10,663,927

)

Broadline

Retail

-

(

0

.9

)

%

Alibaba

Group

Holding

Ltd.,

ADR

(China)

(1)

(

102,914

)

(

12,911,591

)

Etsy,

Inc.

(1)

(

58,799

)

(

2,938,774

)

Groupon,

Inc.

(1)

(

77,479

)

(

922,000

)

JD.com,

Inc.,

ADR

(China)

(1)

(

95,506

)

(

2,824,112

)

(

19,596,477

)

Hotels,

Restaurants

&

Leisure

-

(

1

.0

)

%

Cracker

Barrel

Old

Country

Store,

Inc.

(1)

(

64,811

)

(

1,821,837

)

DoorDash,

Inc.,

Class

A

(1)

(

64,939

)

(

9,750,591

)

DraftKings,

Inc.,

Class

A

(1)

(

22,144

)

(

478,753

)

MakeMyTrip

Ltd.

(India)

(1)

(

81,130

)

(

3,025,338

)

Trip.com

Group

Ltd.,

ADR

(China)

(1)

(

174,168

)

(

8,671,825

)

(

23,748,344

)

Household

Durables

-

(

0

.0

)

%

†

JVCKenwood

Corp.

(Japan)

(

91,270

)

(

648,490

)

Specialty

Retail

-

(

0

.3

)

%

GameStop

Corp.,

Class

A

(1)

(

348,760

)

(

8,035,430

)

Total

Consumer

Discretionary

(

62,692,668

)

Consumer

Staples

-

(

0

.1

)

%

Household

Products

-

(

0

.0

)

%

†

Spectrum

Brands

Holdings,

Inc.

(1)

(

7,399

)

(

545,306

)

Personal

Care

Products

-

(

0

.1

)

%

Oddity

Tech

Ltd.,

Class

A

(Israel)

(1)

(

40,875

)

(

546,908

)

Total

Consumer

Staples

(

1,092,214

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

67

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Energy

-

(

0

.1

)

%

Oil,

Gas

&

Consumable

Fuels

-

(

0

.1

)

%

Centrus

Energy

Corp.,

Class

A

(1)

(

17,959

)

(

3,117,503

)

Financials

-

(

0

.9

)

%

Banks

-

(

0

.3

)

%

OceanFirst

Financial

Corp.

(1)

(

86,576

)

(

1,561,831

)

Prosperity

Bancshares,

Inc.

(1)

(

80,701

)

(

5,421,493

)

(

6,983,324

)

Capital

Markets

-

(

0

.1

)

%

Capital

Southwest

Corp.

(1)

(

30,168

)

(

667,316

)

Coinbase

Global,

Inc.,

Class

A

(1)

(

863

)

(

150,689

)

Galaxy

Digital,

Inc.,

Class

A

(1)

(

128,602

)

(

2,372,707

)

(

3,190,712

)

Consumer

Finance

-

(

0

.1

)

%

Qfin

Holdings,

Inc.,

ADR

(China)

(1)

(

20,384

)

(

263,157

)

Upstart

Holdings,

Inc.

(1)

(

125,638

)

(

3,222,615

)

(

3,485,772

)

Financial

Services

-

(

0

.3

)

%

Affirm

Holdings,

Inc.,

Class

A

(1)

(

84,113

)

(

3,854,058

)

Global

Payments,

Inc.

(1)

(

25,688

)

(

1,728,802

)

Repay

Holdings

Corp.,

Class

A

(1)

(

126,415

)

(

328,679

)

UWM

Holdings

Corp.,

Class

A

(1)

(

182,534

)

(

660,773

)

(

6,572,312

)

Insurance

-

(

0

.1

)

%

Oscar

Health,

Inc.,

Class

A

(1)

(

120,507

)

(

1,382,215

)

Total

Financials

(

21,614,335

)

Health

Care

-

(

1

.1

)

%

Biotechnology

-

(

0

.7

)

%

Cytokinetics,

Inc.

(1)

(

72,842

)

(

4,801,016

)

Halozyme

Therapeutics,

Inc.

(1)

(

145,220

)

(

9,385,569

)

Sarepta

Therapeutics,

Inc.

(1)

(

82,312

)

(

1,791,109

)

Telix

Pharmaceuticals

Ltd.

(Australia)

(

74,261

)

(

710,975

)

(

16,688,669

)

Health

Care

Equipment

&

Supplies

-

(

0

.2

)

%

Alphatec

Holdings,

Inc.

(1)

(

195,338

)

(

2,125,278

)

Dexcom,

Inc.

(1)

(

22,863

)

(

1,435,796

)

(

3,561,074

)

Health

Care

Providers

&

Services

-

(

0

.1

)

%

Hims

&

Hers

Health,

Inc.

(1)

(

165,740

)

(

3,440,762

)

Life

Sciences

Tools

&

Services

-

(

0

.1

)

%

Tempus

AI,

Inc.,

Class

A

(1)

(

39,583

)

(

1,789,943

)

Total

Health

Care

(

25,480,448

)

Industrials

-

(

1

.5

)

%

Aerospace

&

Defense

-

(

0

.2

)

%

BWX

Technologies,

Inc.

(1)

(

24,122

)

(

4,932,708

)

Commercial

Services

&

Supplies

-

(

0

.0

)

%

†

Park24

Co.

Ltd.

(Japan)

(

78,892

)

(

962,412

)

INVESTMENTS

SHARES

VALUE

($)

Electrical

Equipment

-

(

0

.5

)

%

Array

Technologies,

Inc.

(1)

(

507,917

)

(

3,672,240

)

Bloom

Energy

Corp.,

Class

A

(1)

(

40,429

)

(

5,477,725

)

Fluence

Energy,

Inc.,

Class

A

(1)

(

182,052

)

(

2,505,036

)

(

11,655,001

)

Ground

Transportation

-

(

0

.4

)

%

Grab

Holdings

Ltd.,

Class

A

(Singapore)

(1)

(

1,156,141

)

(

4,231,476

)

Lyft,

Inc.,

Class

A

(1)

(

304,741

)

(

4,053,055

)

(

8,284,531

)

Machinery

-

(

0

.2

)

%

Daifuku

Co.

Ltd.

(Japan)

(

120,065

)

(

4,239,385

)

Passenger

Airlines

-

(

0

.1

)

%

Joby

Aviation,

Inc.

(1)

(

282,329

)

(

2,332,037

)

Trading

Companies

&

Distributors

-

(

0

.1

)

%

Xometry,

Inc.,

Class

A

(1)

(

34,484

)

(

1,408,327

)

Total

Industrials

(

33,814,401

)

Information

Technology

-

(

3

.9

)

%

Communications

Equipment

-

(

0

.2

)

%

ADTRAN

Holdings,

Inc.

(1)

(

457,088

)

(

5,750,167

)

Electronic

Equipment,

Instruments

&

Components

-

(

0

.6

)

%

Ibiden

Co.

Ltd.

(Japan)

(

190,368

)

(

9,526,111

)

Vishay

Intertechnology,

Inc.

(1)

(

204,025

)

(

3,672,450

)

(

13,198,561

)

IT

Services

-

(

0

.3

)

%

CoreWeave,

Inc.,

Class

A

(1)

(

33,074

)

(

2,562,243

)

Wix.com

Ltd.

(Israel)

(1)

(

43,207

)

(

3,891,654

)

(

6,453,897

)

Semiconductors

&

Semiconductor

Equipment

-

(

1

.6

)

%

ON

Semiconductor

Corp.

(1)

(

108,289

)

(

6,705,255

)

Penguin

Solutions,

Inc.

(1)

(

118,694

)

(

2,089,014

)

Skyworks

Solutions,

Inc.

(1)

(

523,645

)

(

28,041,190

)

(

36,835,459

)

Software

-

(

1

.0

)

%

Alarm.com

Holdings,

Inc.

(1)

(

28,957

)

(

1,250,653

)

IREN

Ltd.

(Australia)

(1)

(

162,490

)

(

5,570,157

)

Nebius

Group

NV

(Netherlands)

(1)

(

67,947

)

(

7,050,181

)

PAR

Technology

Corp.

(1)

(

67,253

)

(

896,482

)

Progress

Software

Corp.

(1)

(

44,219

)

(

1,134,217

)

Strategy,

Inc.,

Class

A

(1)

(

27,282

)

(

3,404,794

)

Unity

Software,

Inc.

(1)

(

175,769

)

(

3,856,372

)

Vertex,

Inc.,

Class

A

(1)

(

74,882

)

(

890,347

)

(

24,053,203

)

Technology

Hardware,

Storage

&

Peripherals

-

(

0

.2

)

%

Super

Micro

Computer,

Inc.

(1)

(

153,359

)

(

3,491,985

)

Total

Information

Technology

(

89,783,272

)

Materials

-

(

0

.0

)

%

†

Metals

&

Mining

-

(

0

.0

)

%

†

Nippon

Steel

Corp.

(Japan)

(

104,722

)

(

386,167

)

68

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Real

Estate

-

(

0

.2

)

%

Hotel

&

Resort

REITs

-

(

0

.0

)

%

†

Pebblebrook

Hotel

Trust,

REIT

(1)

(

44,613

)

(

563,462

)

Industrial

REITs

-

(

0

.0

)

%

†

Rexford

Industrial

Realty,

Inc.,

REIT

(1)

(

19,101

)

(

625,176

)

Office

REITs

-

(

0

.1

)

%

BXP,

Inc.,

REIT

(1)

(

48,715

)

(

2,528,308

)

Retail

REITs

-

(

0

.1

)

%

Tanger,

Inc.,

REIT

(1)

(

49,607

)

(

1,685,646

)

Total

Real

Estate

(

5,402,592

)

TOTAL

COMMON

STOCKS

(Proceeds

$(319,307,955))

(256,438,105)

EXCHANGE

TRADED

FUNDS

-

(0.0)%

†

Financials

-

(

0

.0

)

%

†

Capital

Markets

-

(

0

.0

)

%

†

State

Street

SPDR

S&P

Biotech

ETF

(1)

(Proceeds

$(1,158,626))

(

9,511

)

(

1,214,840

)

TOTAL

SHORT

POSITIONS

(Proceeds

$(320,466,581))

(257,652,945)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

92.8%

(Cost

$2,120,791,401)

2,144,714,091

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

7.2%

‡

166,360,314

NET

ASSETS

-

100.0%

2,311,074,405

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

37,931,758

1

.5

%

Consumer

Discretionary

152,553,453

6

.6

Consumer

Staples

7,586,191

0

.3

Energy

2,565,501

0

.1

Financials

100,215,054

4

.6

Health

Care

100,103,008

4

.4

Industrials

41,610,062

1

.7

Information

Technology

175,840,183

7

.6

Materials

65,446,420

2

.8

Real

Estate

35,125,174

1

.5

Utilities

5,615,009

0

.2

Investment

Companies

718,841,810

31

.1

U.S.

Treasury

Obligations

701,280,468

30

.4

Total

Investments

In

Securities

At

Value

2,144,714,091

92

.8

Other

Assets

in

Excess

of

Liabilities

‡

166,360,314

7

.2

Net

Assets

$

2,311,074,405

100

.0

%

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

69

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange,

futures

and

swap

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$694,744,220,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

Additional

securities

sold

but

not

yet

settled

totaling

$34,745,572

were

also

segregated.

In

addition,

$10,743,529

of

cash

collateral

was

also

pledged.

(b)

Security

is

subject

to

contractual

sale

restrictions.

At  March

31,

2026,

total

value

of

all

such

securities

amounted

to

$1,615,181

and

the

remaining

contractual

sale

restriction

periods

are

generally

less

than

24

months.

Circumstances

that

could

cause

a

lapse

in

the

contractual

sale

restrictions

include

but

are

not

limited

to

amendments

to

the

original

contractual

provision

and

market-based

conditions.

(c)

Restricted

security.

Securities

acquired

through

a

private

placement

transaction

exempt

from

registration

under

the

Securities

Act

of 1933

and/

or may

be

subject

to

legal

or

contractual

restrictions

on

resale

(excluding

144A

securities).

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$5,696,999,

which

represents

0.25%

of

net

assets

of

the

Fund.

(d)

Special

Purpose

Acquisition

Company.

(e)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$44,320.

(f)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$365,936,106

of

investments

in

securities,

which

represents

15.83%

of

net

assets

of

the

Fund.

(g)

Defaulted

security.

(h)

Security

exempt

from

registration

pursuant

to

Regulation

S

under

the

Securities

Act

of

1933.

Regulation

S

applies

to

securities

offerings

that

are

made

outside

of

the

United

States

and

do

not

involve

direct

selling

efforts

in

the

United

States.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$83,824,380

of

investments

in

securities,

which

represents

3.63%

of

net

assets

of

the

Fund.

(i)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(j)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(k)

For

the

period

ended

March

31,

2026,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

(l)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(m)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

Affiliate

Value

At

12/31/2025

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2026

Shares

Held

At

3/31/2026

Distributions

Received**

SHORT-TERM

INVESTMENTS

-

30.9%

INVESTMENT

COMPANIES

-

30.9%

Limited

Purpose

Cash

Investment

Fund,

3.65%

(1)(a)

(Cost

$714,742,409)

$731,368,771

$586,455,538

$(602,967,845)

$–

$–

$714,856,464

714,856,464

$6,421,732

**  

Distributions

received

include

dividend

income

and

capital

gains

distributions,

if

any,

from

the

underlying

fund.

(1)

Level

1

security.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2026.

All

bonds

are

denominated

in

US

dollars,

unless

noted

otherwise.

All

securities

are

United

States

companies,

unless

noted

otherwise

in

parentheses.

All

securities

are

Level

2

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(1)

Level

1

security.

(3)

Security

fair

valued

using

significant

unobservable

inputs

(Level

3)

in

accordance

with

procedures

approved

by

the

Board

of

Trustees.

Credit

default

swap

contracts

outstanding

-

buy

protection

as

of

March

31,

2026:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

PAID

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

%

Quarterly

6/20/2031

3

.86

%

USD

7,825,000

$

(

313,349

)

$

(

74,484

)

$

(

387,833

)

$

(

313,349

)

$

(

74,484

)

$

(

387,833

)

70

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

S&P

500

E-Mini

Index

3

6/2026

USD

$

985,613

$

(

24,301

)

Total

of

long

contracts

(

24,301

)

Short

Contracts

Japan

10

Year

Bond

(

6

)

6/2026

JPY

(

4,931,414

)

50,206

S&P

500

E-Mini

Index

(

3

)

6/2026

USD

(

985,612

)

24,287

U.S.

Treasury

2

Year

Note

(

525

)

6/2026

USD

(

108,925,195

)

703,343

U.S.

Treasury

5

Year

Note

(

1,610

)

6/2026

USD

(

174,156,719

)

2,010,021

Total

of

short

contracts

2,787,857

Net

unrealized

appreciation

$

2,763,556

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

5,249

USD

3,617

CITI

6/17/2026

$

–

(a)

EUR

1,722,054

USD

1,995,221

CITI

6/17/2026

2,218

GBP

4,354,310

USD

5,749,336

CITI

6/17/2026

12,697

KRW

6,049,920,000

USD

3,994,964

CITI

**

6/17/2026

35,637

NOK

28,075,908

USD

2,885,621

CITI

6/17/2026

12,042

USD

20,333,567

AUD

28,591,345

CITI

6/17/2026

629,228

USD

18,973,618

EUR

16,082,742

CITI

6/17/2026

318,981

USD

72,856,222

GBP

54,201,936

CITI

6/17/2026

1,131,115

USD

13,128,627

JPY

2,039,201,397

CITI

6/17/2026

196,528

USD

5,030,521

KRW

7,288,920,000

CITI

**

6/17/2026

174,467

USD

705,658

NOK

6,796,243

CITI

6/17/2026

4,231

Total

unrealized

appreciation

2,517,144

AUD

5,274,682

USD

3,713,811

CITI

6/17/2026

(

78,651

)

EUR

5,154,430

USD

6,021,846

CITI

6/17/2026

(

43,138

)

GBP

17,125,727

USD

22,930,499

CITI

6/17/2026

(

268,124

)

KRW

1,239,000,000

USD

862,393

CITI

**

6/17/2026

(

36,941

)

NOK

57,323,299

USD

5,975,660

CITI

6/17/2026

(

59,429

)

USD

1,070,263

AUD

1,560,879

CITI

6/17/2026

(

5,450

)

USD

1,908,764

EUR

1,653,308

CITI

6/17/2026

(

8,935

)

USD

1,189,824

GBP

899,714

CITI

6/17/2026

(

763

)

USD

4,205,112

JPY

664,829,317

CITI

6/17/2026

(

11,067

)

Total

unrealized

depreciation

(

512,498

)

Net

unrealized

appreciation

$

2,004,646

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

(a)

Represents

less

than

$0.5.

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

71

(Continued)

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

equity

positions

and

pays

or

receives

the

CORRA

plus

or

minus

a

specified

spread

(0.02%),

which

is

denominated

in

CAD

based

on

the

local

currencies

of

the

positions

within

the

swap.

57

months

maturity

10/31/2030

$1,184,764

$(4,467)

$4,244

$(223)

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

equity

positions

and

pays

or

receives

the

TONAR

plus

or

minus

a

specified

spread

(0.01%),

which

is

denominated

in

JPY

based

on

the

local

currencies

of

the

positions

within

the

swap.

57

months

maturity

10/30/2030

$8,197,465

$30,341

$(3,819)

$26,522

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

equity

positions

and

pays

or

receives

the

NOWA

plus

or

minus

a

specified

spread

(0.03%),

which

is

denominated

in

NOK

based

on

the

local

currencies

of

the

positions

within

the

swap.

53

months

maturity

07/29/2030

$8,105,928

$974,367

$(12,688)

$961,679

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

equity

positions

and

pays

or

receives

the

SONIA

plus

or

minus

a

specified

spread

(0.23%),

which

is

denominated

in

GBP

based

on

the

local

currencies

of

the

positions

within

the

swap.

59

months

maturity

01/20/2031

$374,145

$–

$(6,529)

$(6,529)

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CORRA

plus

or

minus

a

specified

spread

(-0.25%

to

0.30%),

which

is

denominated

in

CAD

based

on

the

local

currencies

of

the

positions

within

the

swap.

25

months

maturity

04/25/2028

$17,904,515

$19,894

$16,605

$36,499

72

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

BNPP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

equity

positions

and

fixed

income

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.02%

to

0.11%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

92

months

maturity

06/22/2029

$498,905,341

$(712,673)

$(4,274,453)

$(4,987,126)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Cayman

Islands

Activate

Energy

Acquisition

Corp.

(a)

489,734

4,843,469

(56,319)

1

.1

Hong

Kong

Black

Spade

Acquisition

III

Co.

(a)

408,120

4,015,901

(65,299)

1

.3

United

Arab

Emirates

Iris

Acquisition

Corp.

II

(a)

546,532

5,366,944

(76,514)

1

.5

United

States

American

Drive

Acquisition

Co.

(a)

535,995

5,306,350

(37,520)

0

.8

Art

Technology

Acquisition

Corp.

(a)

561,156

5,499,329

(106,640)

2

.1

Bitcoin

Infrastructure

Acquisition

Corp.

Ltd.

(a)

639,898

6,334,990

(67,189)

1

.3

Bleichroeder

Acquisition

Corp.

II

(a)

642,999

6,442,850

(16,075)

0

.3

Bluerock

Acquisition

Corp.

(a)

424,464

4,202,194

(41,297)

0

.8

Crane

Harbor

Acquisition

Corp.

II

(a)

586,832

5,809,637

(90,959)

1

.8

CSLM

Digital

Asset

Acquisition

Corp.

III

Ltd.

(a)

386,560

3,881,062

–

0.0

FG

Imperii

Acquisition

Corp.

(a)

664,620

6,553,153

(86,401)

1

.7

General

Purpose

Acquisition

Corp.

(a)

495,188

4,907,313

(44,567)

0

.9

GigCapital8

Corp.

(a)

483,231

4,817,813

(120,808)

2

.4

Highview

Merger

Corp.

(a)

398,511

4,005,036

(11,955)

0

.2

Iron

Horse

Acquisition

II

Corp.

(a)

526,392

5,195,489

(36,847)

0

.7

ITHAX

Acquisition

Corp.

III

(a)

557,110

5,515,389

(30,641)

0

.6

Lafayette

Digital

Acquisition

Corp.

I

(a)

604,024

5,955,677

(84,563)

1

.7

Launchpad

Cadenza

Acquisition

Corp.

I

(a)

535,996

5,306,360

(37,520)

0

.8

M

Evo

Global

Acquisition

Corp.

II

(a)

436,650

4,296,636

(82,964)

1

.7

Meshflow

Acquisition

Corp.

(a)

608,589

6,018,945

(66,945)

1

.3

Safeguard

Acquisition

Corp.

(a)

437,250

4,350,638

(65,588)

1

.3

Silicon

Valley

Acquisition

Corp.

(a)

503,520

4,979,813

(25,176)

0

.5

SilverBox

Corp.

V

(a)

424,449

4,210,534

(76,401)

1

.5

Soren

Acquisition

Corp.

(a)

427,020

4,214,687

(34,162)

0

.7

Twelve

Seas

Investment

Co.

III

(a)

417,832

4,140,715

(25,070)

0

.5

X3

Acquisition

Corp.

Ltd.

(a)

471,172

4,636,332

(74,237)

1

.5

PRINCIPAL

AMOUNT

Convertible

Bonds

United

States

Liberty

Broadband

Corp.,

3.13%,

3/31/2053

20,500,000

20,419,760

102,620

(

2

.1

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

73

(Continued)

REFERENCE

ENTITY

NO.

OF

UNITS

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Unit

Cayman

Islands

Metals

Acquisition

Corp.

II

(a)

529,436

5,342,009

(5,294)

0

.1

United

States

Abony

Acquisition

Corp.

I

(a)

630,530

6,267,468

(12,611)

0

.3

Aldabra

4

Liquidity

Opportunity

Vehicle,

Inc.

(a)

648,491

6,465,455

(16,212)

0

.3

Archimedes

Tech

SPAC

Partners

III

Co.

(a)

458,250

4,573,335

(54,990)

1

.1

Armada

Acquisition

Corp.

III

(a)

493,610

4,931,164

4,936

(

0

.1

)

Averin

Capital

Acquisition

Corp.

(a)

560,606

5,600,454

(7,045)

0

.1

Cambridge

Acquisition

Corp.

(a)

865,243

8,617,820

25,957

(

0

.5

)

ClearThink

1

Acquisition

Corp.

(a)

428,257

4,274,005

(4,283)

0

.1

Colombier

Acquisition

Corp.

III

(a)

394,480

4,015,806

(13,807)

0

.3

GalaxyEdge

Acquisition

Corp.

(a)

490,000

4,890,200

(9,800)

0

.2

HCM

IV

Acquisition

Corp.

(a)

554,384

5,554,928

(5,544)

0

.1

Hennessy

Capital

Investment

Corp.

VIII

(a)

734,157

7,341,570

(29,366)

0

.6

Idea

Acquisition

Corp.

(a)

517,226

5,125,710

–

0.0

Inflection

Point

Acquisition

Corp.

VI

(a)

442,700

4,480,124

(4,427)

0

.1

Kensington

Capital

Acquisition

Corp.

VI

(a)

848,185

8,515,777

25,446

(

0

.5

)

Legato

Merger

Corp.

IV

(a)

491,781

4,907,974

(23,775)

0

.5

Mountain

Lake

Acquisition

Corp.

II

(a)

695,889

6,910,178

(41,754)

0

.8

MOZAYYX

Acquisition

Corp.

(a)

481,000

4,781,140

–

0.0

Paloma

Acquisition

Corp.

I

(a)

482,170

4,812,057

–

0.0

Praetorian

Acquisition

Corp.

(a)

666,841

6,595,057

(52,181)

1

.0

QDRO

Acquisition

Corp.

(a)

481,692

4,778,385

(4,817)

0

.1

TRG

Latin

America

Acquisitions

Corp.

(a)

615,520

6,124,424

(6,155)

0

.1

Xsolla

SPAC

1

(a)

587,925

5,820,458

(11,759)

0

.2

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.10%

to

1.25%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

25

months

maturity

04/25/2028

$80,898,819

$1,279,559

$(17,612)

$1,261,947

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Taiwan

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

645,000

37,303,269

15,359

1

.2

74

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

Taiwan

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.,

ADR

(129,000)

(43,595,550)

1,264,200

100

.2

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

AOISR

plus

or

minus

a

specified

spread

(-0.04%

to

0.04%),

which

is

denominated

in

AUD

based

on

the

local

currencies

of

the

positions

within

the

swap.

38-60

months

maturity

ranging

from

05/03/2029

-

02/24/2031

$34,252,455

$(920,374)

$(331,412)

$(1,251,786)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Australia

Insignia

Financial

Ltd.

2,389,005

7,886,471

203,938

(

16

.3

)

National

Storage

REIT

2,467,310

4,740,934

38,414

(

3

.1

)

Qube

Holdings

Ltd.

1,846,129

6,231,203

(41,924)

3

.3

Short

Positions

Common

Stocks

Australia

Rio

Tinto

Ltd.

(135,493)

(15,393,847)

(1,120,802)

89

.5

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.06%

to

0.03%),

which

is

denominated

in

EUR

based

on

the

local

currencies

of

the

positions

within

the

swap.

53-61

months

maturity

ranging

from

07/03/2030

-

03/14/2031

$59,545,317

$(564,961)

$(60,408)

$(625,369)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

75

(Continued)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Germany

CECONOMY

AG

436,787

2,150,705

(121,166)

19

.4

Italy

Mediobanca

Banca

di

Credito

Finanziario

SpA

153,456

2,986,032

141,762

(

22

.7

)

Netherlands

JDE

Peet's

NV

481,267

17,784,606

139,643

(

22

.3

)

Poland

InPost

SA

728,534

12,897,943

253,592

(

40

.6

)

United

Kingdom

Allfunds

Group

plc

605,662

6,045,229

178,578

(

28

.6

)

Short

Positions

Common

Stocks

Germany

Deutsche

Boerse

AG

(7,394)

(2,166,038)

(96,023)

15

.4

Italy

Banca

Monte

dei

Paschi

di

Siena

SpA

(376,037)

(3,281,122)

(138,557)

22

.2

Saipem

SpA

(1,749,974)

(8,006,745)

(1,040,564)

166

.4

Netherlands

Akzo

Nobel

NV

(73,530)

(4,226,897)

117,774

(

18

.8

)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

SONIA

plus

or

minus

a

specified

spread

(-0.03%

to

0.03%),

which

is

denominated

in

GBP

based

on

the

local

currencies

of

the

positions

within

the

swap.

47-61

months

maturity

ranging

from

01/31/2030

-

03/05/2031

$72,542,746

$(1,639,528)

$379,581

$(1,259,947)

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

United

Kingdom

Beazley

plc

427,716

7,226,853

(22,615)

1

.8

JTC

plc

293,136

5,043,933

15,520

(

1

.2

)

Just

Group

plc

1,503,624

4,358,531

49,755

(

3

.9

)

Schroders

plc

1,364,242

10,504,057

(46,455)

3

.7

76

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Short

Positions

Common

Stocks

South

Africa

Anglo

American

plc

(1,057,616)

(45,409,372)

(1,635,733)

129

.8

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.03%

to

0.05%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

36-61

months

maturity

ranging

from

03/05/2029

-

03/11/2031

$62,831,274

$1,728,060

$772,511

$2,500,571

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Australia

Rio

Tinto

plc,

ADR

135,493

12,640,142

398,349

15

.9

Taiwan

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.

400,170

23,143,642

469,346

18

.8

Short

Positions

Common

Stocks

Taiwan

Taiwan

Semiconductor

Manufacturing

Co.

Ltd.,

ADR

(80,034)

(27,047,490)

860,365

34

.4

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(0.11%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

ranging

from

07/05/2029

-

08/08/2030

$276,632,363

$11,840,340

$(15,417,133)

$(3,576,793)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

77

(Continued)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Cayman

Islands

Fifth

Era

Acquisition

Corp.

I

(a)

346,362

3,564,065

104,895

(

2

.9

)

GigCapital7

Corp.

(a)

287,598

3,062,919

204,195

(

5

.7

)

Mercer

Park

Opportunities

Corp.

(a)

457,730

4,787,856

215,133

(

6

.0

)

United

States

Agriculture

&

Natural

Solutions

Acquisition

Corp.

(a)

400,000

4,512,000

368,000

(

10

.3

)

Aldel

Financial

II,

Inc.

(a)

605,314

6,398,169

348,628

(

9

.7

)

Andretti

Acquisition

Corp.

II

(a)

673,298

7,173,990

467,942

(

13

.1

)

Archimedes

Tech

SPAC

Partners

II

Co.

(a)

323,854

3,371,320

145,734

(

4

.1

)

Armada

Acquisition

Corp.

II

(a)

365,976

3,773,213

91,120

(

2

.5

)

Artius

II

Acquisition,

Inc.

(a)

462,795

4,780,672

185,118

(

5

.2

)

BERTO

ACQUISITION

Corp.

(a)

405,124

4,152,521

(36,984)

1

.0

Bold

Eagle

Acquisition

Corp.

(a)

756,618

7,989,886

514,500

(

14

.4

)

Cal

Redwood

Acquisition

Corp.

(a)

318,798

3,235,800

46,581

(

1

.3

)

CARTESIAN

GROWTH

Corp.

III

(a)

362,963

3,720,371

80,554

(

2

.3

)

Centurion

Acquisition

Corp.

(a)

768,164

8,276,967

595,327

(

16

.6

)

Churchill

Capital

Corp.

IX

(a)

484,340

5,172,751

203,351

(

5

.7

)

Digital

Asset

Acquisition

Corp.

(a)

311,678

3,191,583

(74,852)

2

.1

EGH

Acquisition

Corp.

(a)

320,315

3,270,416

54,350

(

1

.5

)

Fact

II

Acquisition

Corp.

(a)

422,360

4,436,892

263,975

(

7

.4

)

Gores

Holdings

X,

Inc.

(a)

371,652

3,798,283

(33,005)

0

.9

Graf

Global

Corp.

(a)

676,022

7,240,196

479,976

(

13

.4

)

Hennessy

Capital

Investment

Corp.

VII

(a)

369,995

3,829,448

192,397

(

5

.4

)

Inflection

Point

Acquisition

Corp.

III

(a)

329,775

3,367,003

3,013

(

0

.1

)

Jackson

Acquisition

Co.

II

(a)

360,208

3,814,603

208,921

(

5

.8

)

K&F

Growth

Acquisition

Corp.

II

(a)

338,085

3,529,607

158,282

(

4

.4

)

Kochav

Defense

Acquisition

Corp.

(a)

440,620

4,516,355

99,451

(

2

.8

)

Launch

One

Acquisition

Corp.

(a)

625,956

6,685,210

441,591

(

12

.3

)

Launch

Two

Acquisition

Corp.

(a)

716,018

7,604,111

473,142

(

13

.2

)

Lionheart

Holdings

(a)

526,300

5,657,725

387,937

(

10

.8

)

Live

Oak

Acquisition

Corp.

V

(a)

279,314

2,904,866

82,240

(

2

.3

)

Melar

Acquisition

Corp.

I

(a)

251,810

2,717,030

206,484

(

5

.8

)

Mountain

Lake

Acquisition

Corp.

(a)

424,430

4,469,248

233,436

(

6

.5

)

New

Providence

Acquisition

Corp.

III

(a)

512,330

5,256,506

61,008

(

1

.7

)

Newbury

Street

II

Acquisition

Corp.

(a)

436,986

4,592,723

243,779

(

6

.8

)

NewHold

Investment

Corp.

III

(a)

366,990

3,813,026

123,600

(

3

.5

)

Oaktree

Acquisition

Corp.

III

Life

Sciences

(a)

529,535

5,623,662

336,264

(

9

.4

)

Oyster

Enterprises

II

Acquisition

Corp.

(a)

346,312

3,539,309

70,954

(

2

.0

)

Plum

Acquisition

Corp.

IV

(a)

339,570

3,585,859

200,346

(

5

.6

)

Republic

Digital

Acquisition

Co.

(a)

261,370

2,671,201

(38,276)

1

.1

Rithm

Acquisition

Corp.

(a)

412,062

4,285,445

154,104

(

4

.3

)

Roman

DBDR

Acquisition

Corp.

II

(a)

399,420

4,181,927

211,693

(

5

.9

)

Siddhi

Acquisition

Corp.

(a)

412,987

4,286,805

107,377

(

3

.0

)

SilverBox

Corp.

IV

(a)

606,166

6,485,976

424,316

(

11

.9

)

SIM

Acquisition

Corp.

I

(a)

599,080

6,428,128

448,215

(

12

.5

)

Sizzle

Acquisition

Corp.

II

(a)

411,978

4,226,894

88,426

(

2

.5

)

Soulpower

Acquisition

Corp.

(a)

411,978

4,222,774

107,566

(

3

.0

)

Stellar

V

Capital

Corp.

(a)

388,826

4,071,008

182,748

(

5

.1

)

Texas

Ventures

Acquisition

III

Corp.

(a)

329,396

3,422,424

98,819

(

2

.8

)

Titan

Acquisition

Corp.

(a)

536,082

5,537,727

139,370

(

3

.9

)

Translational

Development

Acquisition

Corp.

(a)

385,010

4,065,706

197,805

(

5

.5

)

Voyager

Acquisition

Corp.

(a)

583,336

6,247,529

396,358

(

11

.1

)

78

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

CORRA

plus

or

minus

a

specified

spread

(-0.03%

to

0.03%),

which

is

denominated

in

CAD

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

ranging

from

11/15/2030

-

03/28/2031

$35,790,289

$101,151

$(26,129)

$75,022

The

following

table

represents

disclosures

associated

with

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Canada

Allied

Gold

Corp.

338,314

10,486,737

(46,990)

(

62

.6

)

Boralex,

Inc.

303,629

7,997,244

7,744

10

.3

ECN

Capital

Corp.

503,044

1,106,545

13,832

18

.4

Laurentian

Bank

of

Canada

319,701

9,305,365

117,377

156

.5

Minto

Apartment

REIT

78,800

995,267

9,182

12

.2

United

States

Arizona

Sonoran

Copper

Co.,

Inc.

583,900

2,938,178

(384,411)

(

512

.4

)

Short

Positions

Common

Stocks

Canada

Hudbay

Minerals,

Inc.

(141,400)

(2,960,953)

384,417

512

.4

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.07%

to

0.03%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

61

months

maturity

ranging

from

02/20/2030

-

04/01/2031

$1,617,632,892

$8,349,175

$(1,840,049)

$6,509,126

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

DIVERSIFIED

ARBITRAGE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

79

(Continued)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Israel

ZIM

Integrated

Shipping

Services

Ltd.

245,668

6,473,352

(600,456)

(

9

.2

)

United

States

AES

Corp.

(The)

3,957,022

55,754,440

(305,782)

(

4

.7

)

Air

Lease

Corp.

823,875

53,502,442

869,976

13

.4

American

Woodmark

Corp.

169,057

6,733,540

(4,112,064)

(

63

.2

)

Amicus

Therapeutics,

Inc.

2,668,245

38,582,823

521,010

8

.0

Arcellx,

Inc.

109,900

12,618,718

109,151

1

.7

Brighthouse

Financial,

Inc.

374,048

22,397,994

(2,031,079)

(

31

.2

)

Chart

Industries,

Inc.

298,623

61,740,305

4,721,651

72

.5

Corebridge

Financial,

Inc.

278,879

6,654,053

(29,994)

(

0

.5

)

Coterra

Energy,

Inc.

1,043,743

36,677,129

3,948,482

60

.7

CSG

Systems

International,

Inc.

262,732

21,002,796

573,966

8

.8

DigitalBridge

Group,

Inc.

1,352,997

20,863,214

115,893

1

.8

Electronic

Arts,

Inc.

309,443

63,086,144

615,266

9

.5

Essential

Utilities,

Inc.

1,413,753

56,931,833

1,644,948

25

.3

Hologic,

Inc.

476,861

36,045,923

328,506

5

.0

Janus

Henderson

Group

plc

661,601

33,986,443

1,629,459

25

.0

Kenvue,

Inc.

2,498,031

43,066,054

893,651

13

.7

Liberty

Broadband

Corp.

611,258

30,746,277

(11,729,364)

(

180

.2

)

Masimo

Corp.

210,261

37,399,124

545,156

8

.4

NCR

Atleos

Corp.

320,766

13,978,982

(386,392)

(

5

.9

)

Norfolk

Southern

Corp.

202,444

58,101,428

(171,973)

(

2

.6

)

Northwestern

Energy

Group,

Inc.

522,647

34,463,343

40,452

0

.6

Penumbra,

Inc.

188,304

61,833,384

(4,310,660)

(

66

.2

)

ProAssurance

Corp.

266,853

6,596,606

318,392

4

.9

Sealed

Air

Corp.

816,749

34,344,295

445,265

6

.8

Select

Medical

Holdings

Corp.

645,048

10,507,832

24,802

0

.4

SEMrush

Holdings,

Inc.

1,120,627

13,380,286

98,637

1

.5

Silicon

Laboratories,

Inc.

147,188

30,637,182

324,269

5

.0

SkyWater

Technology,

Inc.

428,131

11,735,071

(1,306,956)

(

20

.1

)

Thermon

Group

Holdings,

Inc.

182,111

9,178,394

88,985

1

.4

Tri

Pointe

Homes,

Inc.

713,719

33,352,089

245,097

3

.8

Two

Harbors

Investment

Corp.

667,703

7,625,168

(526,398)

(

8

.1

)

TXNM

Energy,

Inc.

805,988

47,118,058

824,217

12

.7

UniFirst

Corp.

51,239

12,891,220

(787,153)

(

12

.1

)

Valaris

Ltd.

296,166

29,036,115

2,709,269

41

.6

Warner

Bros

Discovery,

Inc.

1,597,514

43,867,734

(1,145,768)

(

17

.6

)

Webster

Financial

Corp.

872,598

60,575,753

(2,381,236)

(

36

.6

)

Short

Positions

Common

Stocks

Spain

Banco

Santander

SA,

ADR

(1,792,654)

(20,221,137)

1,888,906

29

.0

United

States

American

Water

Works

Co.,

Inc.

(432,462)

(58,853,754)

(1,926,422)

(

29

.6

)

Black

Hills

Corp.

(512,946)

(35,603,582)

492,867

7

.6

Boston

Scientific

Corp.

(110,026)

(6,904,132)

2,425,505

37

.3

CECO

Environmental

Corp.

(124,572)

(7,422,000)

(50,441)

(

0

.8

)

Charter

Communications,

Inc.

(144,190)

(31,127,737)

13,219,997

203

.1

Cintas

Corp.

(39,435)

(6,670,036)

660,251

10

.1

80

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

DIVERSIFIED

ARBITRAGE

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

United

States

(continued)

Devon

Energy

Corp.

(730,342)

(36,750,809)

(3,838,411)

(

59

.0

)

Equitable

Holdings,

Inc.

(179,337)

(6,655,196)

153,913

2

.4

Kimberly-Clark

Corp.

(365,654)

(35,274,641)

1,771,847

27

.2

Masterbrand,

Inc.

(870,389)

(7,232,933)

3,779,209

58

.1

Transocean

Ltd.

(4,500,380)

(29,837,519)

(2,649,556)

(

40

.7

)

Union

Pacific

Corp.

(202,296)

(49,081,056)

(2,519,021)

(

38

.7

)

(a)

Special

Purpose

Acquisition

Company.

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

DIVERSIFYING

STRATEGIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

81

†

Represents

less

than

0.05%

of

net

assets.

(a)

For

the

period

ended

March

31,

2026,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

(b)

Represents

7-day

effective

yield

as

of

March

31,

2026.

The

Schedule

of

Investments

of

the

affiliated

investment

funds

held

by

the

AQR

Diversifying

Strategies

Fund

can

be

found

within

this

report

as

well

as

on

Form

N-CSR

and

Form

N-PORT

(Part

F)

which

are

filed

with

the

Securities

and

Exchange

Commission.

INVESTMENTS

SHARES

VALUE

($)

INVESTMENT

COMPANIES

-

98.0%

ALTERNATIVE

FUNDS

-

68

.1

%

AQR

Diversified

Arbitrage

Fund,

Class

R6

(a)

63,157,864

817,262,765

AQR

Equity

Market

Neutral

Fund,

Class

R6

(a)

108,966,847

1,322,857,527

AQR

Macro

Opportunities

Fund,

Class

R6

(a)

83,792,937

834,577,655

AQR

Managed

Futures

Strategy

HV

Fund,

Class

R6

(a)

74,118,797

834,577,655

AQR

Style

Premia

Alternative

Fund,

Class

R6

(a)

94,806,707

907,300,189

TOTAL

ALTERNATIVE

FUNDS

(Cost

$4,273,043,449)

4,716,575,791

ASSET

ALLOCATION

FUNDS

-

29

.9

%

AQR

Multi-Asset

Fund,

Class

R6

(a)

(Cost

$1,896,858,467)

170,161,112

2,070,860,737

TOTAL

INVESTMENT

COMPANIES

(Cost

$6,169,901,916)

6,787,436,528

INVESTMENTS

SHARES

VALUE

($)

SHORT-TERM

INVESTMENTS

-

2.0%

INVESTMENT

COMPANIES

-

2

.0

%

Limited

Purpose

Cash

Investment

Fund,

3.65%

(b)

(Cost

$137,002,969)

137,006,530

137,006,530

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

100.0%

(Cost

$6,306,904,885)

6,924,443,058

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

0.0%

†

1,349,646

NET

ASSETS

-

100.0%

6,925,792,704

SECTOR

VALUE

%

OF

NET

ASSETS

Equity

Market

Neutral

$

1,322,857,527

19

.1

%

Global

Flexible

Allocation

2,070,860,737

29

.9

Global

Macro

834,577,655

12

.1

Multi-Strategy

907,300,189

13

.0

Relative

Value

Arbitrage

817,262,765

11

.8

Systematic

Trend

834,577,655

12

.1

Short-Term

Investment

Funds

137,006,530

2

.0

Total

Investments

In

Securities

At

Value

6,924,443,058

100

.0

Other

Assets

in

Excess

of

Liabilities

1,349,646

0.0

†

Net

Assets

$

6,925,792,704

100

.0

%

Affiliate

Value

At

12/31/2025

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2026

Shares

Held

At

3/31/2026

Distributions

Received**

INVESTMENT

COMPANIES

-

98.0%

ALTERNATIVE

FUNDS

-

68

.1

%

AQR

Diversified

Arbitrage

Fund

$

641,812,638

$

173,864,584

$

(

5,259,024

)

$

(

56,156

)

$

6,900,723

$

817,262,765

63,157,864

$

–

AQR

Equity

Market

Neutral

Fund

1,038,866,220

327,202,700

(

7,529,121

)

(

254,079

)

(

35,428,193

)

1,322,857,527

108,966,847

–

AQR

Macro

Opportunities

Fund

655,410,364

170,117,171

–

–

9,050,120

834,577,655

83,792,937

–

AQR

Managed

Futures

Strategy

HV

Fund

655,410,364

83,752,609

–

–

95,414,682

834,577,655

74,118,797

–

AQR

Style

Premia

Alternative

Fund

712,520,810

123,717,787

(

10,157,910

)

(

95,833

)

81,315,335

907,300,189

94,806,707

–

(

406,068

)

157,252,667

4,716,575,791

–

ASSET

ALLOCATION

FUNDS

-

29

.9

%

AQR

Multi-Asset

Fund

1,626,287,957

424,023,344

(

10,727,215

)

(

172,858

)

31,449,509

2,070,860,737

170,161,112

–

TOTAL

$(578,926)

$188,702,176

$6,787,436,528

$–

**  

Distributions

received

include

dividend

income

and

capital

gains

distributions,

if

any,

from

the

underlying

fund.

All

securities

are

Level

1

with

respect

to

ASC

820.

82

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

248.0%

COMMON

STOCKS

-

193.7%

Australia

-

5

.7

%

AGL

Energy

Ltd.

(2)(a)

715,684

4,899,468

ALS

Ltd.

(2)(a)

19,288

283,140

ANZ

Group

Holdings

Ltd.

(2)(a)

191,738

4,821,300

APA

Group

(2)(a)

128,553

885,564

Aristocrat

Leisure

Ltd.

(2)(a)

400,742

12,737,690

Atlas

Arteria

Ltd.

(2)(a)

88,765

263,243

Aurizon

Holdings

Ltd.

(2)(a)

468,654

1,293,727

BHP

Group

Ltd.

(2)(a)

579,452

20,966,034

Brambles

Ltd.

(2)(a)

136,074

2,135,583

Computershare

Ltd.

(2)(a)

196,592

3,877,279

Dyno

Nobel

Ltd.

(2)(a)

494,310

1,076,410

Evolution

Mining

Ltd.

(2)(a)

1,178,252

10,609,819

Harvey

Norman

Holdings

Ltd.

(2)(a)

879,445

3,021,249

IGO

Ltd.

(2)*(a)

1,844,952

10,300,084

JB

Hi-Fi

Ltd.

(2)(a)

169,657

8,584,460

Northern

Star

Resources

Ltd.

(2)(a)

1,135,378

16,504,755

OceanaGold

Corp.

(a)

58,439

1,842,524

Orica

Ltd.

(2)(a)

654,842

9,203,521

Origin

Energy

Ltd.

(2)(a)

287,798

2,476,547

Pro

Medicus

Ltd.

(2)(a)

106,493

8,776,825

QBE

Insurance

Group

Ltd.

(2)(a)

806,867

11,906,743

Qube

Holdings

Ltd.

(2)(a)

10

34

SEEK

Ltd.

(2)(a)

440,588

4,329,496

South32

Ltd.

(2)(a)

5,058,053

15,315,815

Suncorp

Group

Ltd.

(2)(a)

285,558

3,204,725

Technology

One

Ltd.

(2)(a)

434,035

8,239,002

Telstra

Group

Ltd.

(2)(a)

657,372

2,426,761

Transurban

Group

(2)(a)

69,374

676,732

Wesfarmers

Ltd.

(2)(a)

120,391

6,146,680

Westpac

Banking

Corp.

(2)(a)

70,141

1,938,365

Whitehaven

Coal

Ltd.

(2)(a)

839,643

5,417,746

Worley

Ltd.

(2)(a)

759,899

5,969,205

Yancoal

Australia

Ltd.

(2)(a)

9,053

52,213

190,182,739

Belgium

-

0

.7

%

Ageas

SA/NV

(2)(a)

115,348

8,491,109

KBC

Group

NV

(2)(a)

60,214

7,369,712

Liberty

Global

Ltd.,

Class

A

*(a)

600,289

7,257,494

Umicore

SA

(2)(a)

57,343

1,093,974

24,212,289

Burkina

Faso

-

0

.0

%

†

IAMGOLD

Corp.

*(a)

2

38

Canada

-

6

.5

%

Alamos

Gold,

Inc.,

Class

A

(a)

112,610

5,010,016

AltaGas

Ltd.

(a)

7,271

252,193

ARC

Resources

Ltd.

(a)

647,630

13,477,743

Aritzia,

Inc.

*(a)

39,621

3,233,251

Bank

of

Nova

Scotia

(The)

(a)

169,703

11,768,563

Barrick

Mining

Corp.

(a)

194,020

7,929,004

Canadian

National

Railway

Co.

(a)

137,273

14,128,925

Canadian

Natural

Resources

Ltd.

(a)

354,523

17,294,178

Canadian

Pacific

Kansas

City

Ltd.

(a)

102,540

8,069,193

CCL

Industries,

Inc.,

Class

B

(a)

37,766

2,366,246

INVESTMENTS

SHARES

VALUE

($)

Canada

-

6.5%

(continued)

Celestica,

Inc.

*(a)

36,568

10,315,588

Cenovus

Energy,

Inc.

(a)

104,891

2,783,823

Constellation

Software,

Inc.

(a)

5,025

8,821,077

Descartes

Systems

Group,

Inc.

(The)

*(a)

25,145

1,801,055

DPM

Metals,

Inc.

(a)

28,289

996,043

Empire

Co.

Ltd.,

Class

A

(a)

166,010

5,946,573

Fairfax

Financial

Holdings

Ltd.

(a)

6,805

11,595,160

Finning

International,

Inc.

(a)

28

1,733

First

Majestic

Silver

Corp.

(a)

3

64

George

Weston

Ltd.

(a)

90,124

6,367,182

iA

Financial

Corp.,

Inc.

(a)

14,912

1,654,888

IGM

Financial,

Inc.

(a)

14,844

707,253

Intact

Financial

Corp.

(a)

24,476

4,435,274

Loblaw

Cos.

Ltd.

(a)

43,131

1,966,335

Lundin

Gold,

Inc.

(a)

119,633

9,142,538

Magna

International,

Inc.

(a)

45,260

2,527,676

Metro,

Inc.,

Class

A

(a)

6,790

464,576

Onex

Corp.

(a)

8,820

643,668

OR

Royalties,

Inc.

(a)

253

9,634

Quebecor,

Inc.,

Class

B

(a)

107,705

4,573,456

Saputo,

Inc.

(a)

23,781

742,953

Stantec,

Inc.

(a)

31,771

2,746,589

Sun

Life

Financial,

Inc.

(a)

11,848

742,257

Suncor

Energy,

Inc.

(a)

361,521

23,911,686

TFI

International,

Inc.

(a)

72,046

7,842,143

Thomson

Reuters

Corp.

(a)

91,291

8,239,881

Toromont

Industries

Ltd.

(a)

313

43,821

Tourmaline

Oil

Corp.

(a)

177,500

8,495,399

WSP

Global,

Inc.

(a)

42,729

6,650,010

217,697,647

Chile

-

0

.0

%

†

Lundin

Mining

Corp.

(a)

2

50

China

-

0

.1

%

SITC

International

Holdings

Co.

Ltd.

(2)(a)

7,000

30,650

Wilmar

International

Ltd.

(2)

1,555,800

4,674,207

4,704,857

Denmark

-

1

.7

%

AL

Sydbank

(2)(a)

8,198

658,890

Danske

Bank

A/S

(2)(a)

442,644

21,814,643

Genmab

A/S

(2)*(a)

29,453

7,932,326

ISS

A/S

(2)(a)

322,682

11,753,303

Jyske

Bank

A/S

(Registered)

(2)(a)

24,226

3,324,351

Orsted

A/S

(2)*(a)(b)

190,314

4,719,603

Pandora

A/S

(2)(a)

15,759

1,126,357

ROCKWOOL

A/S,

Class

B

(2)(a)

23,415

650,345

Royal

Unibrew

A/S

(a)

36,961

2,998,522

Vestas

Wind

Systems

A/S

(2)(a)

66,568

2,008,419

56,986,759

Finland

-

1

.1

%

Elisa

OYJ

(2)(a)

33,229

1,618,599

Konecranes

OYJ

(2)(a)

81,225

2,665,862

Metso

OYJ

(2)(a)

30,698

532,006

Nordea

Bank

Abp

(2)(a)

727,744

12,531,142

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

83

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Finland

-

1.1%

(continued)

Wartsila

OYJ

Abp

(2)(a)

546,237

20,346,233

37,693,842

France

-

8

.4

%

Air

France-KLM

(2)*(a)

446,827

4,528,743

BNP

Paribas

SA

(2)(a)

183,821

17,511,454

Bouygues

SA

(2)(a)

79,267

4,594,057

Carrefour

SA

(2)(a)

1,554,430

28,781,603

Credit

Agricole

SA

(2)(a)

503,907

9,405,096

Danone

SA

(2)(a)

11,500

918,932

Dassault

Aviation

SA

(2)(a)

11,039

4,108,745

Eiffage

SA

(2)(a)

56,551

8,673,092

Forvia

SE

(2)*(a)

1

11

Hermes

International

SCA

(2)(a)

11,543

21,866,501

Ipsen

SA

(2)(a)

3

561

Legrand

SA

(2)(a)

37,591

5,839,936

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(2)(a)

38,426

21,005,558

Orange

SA

(2)(a)

1,029,693

21,111,856

Renault

SA

(2)(a)

222,140

7,615,827

Safran

SA

(2)(a)

59,209

19,374,921

SCOR

SE

(2)(a)

120,319

4,300,244

SEB

SA

(2)(a)

5,422

280,139

Societe

Generale

SA

(2)(a)

247,315

18,058,176

Thales

SA

(2)(a)

81,130

23,790,982

TotalEnergies

SE

(2)(a)

429,578

39,424,151

Valeo

SE

(2)(a)

697,846

8,545,721

Veolia

Environnement

SA

(2)(a)

21,833

831,532

Vinci

SA

(2)(a)

43,038

6,459,972

Vivendi

SE

(2)(a)

1,380,165

2,863,204

279,891,014

Germany

-

6

.1

%

adidas

AG

(2)(a)

187,300

30,315,766

Allianz

SE

(Registered)

(2)(a)

30,365

12,823,705

Bechtle

AG

(2)(a)

60,816

2,097,280

Continental

AG

(2)(a)

81,971

5,722,163

Daimler

Truck

Holding

AG

(2)(a)

163,746

8,063,804

Deutsche

Bank

AG

(Registered)

(2)(a)

243,491

7,246,313

Deutsche

Lufthansa

AG

(Registered)

(2)(a)

1,132,002

9,639,885

Evonik

Industries

AG

(2)(a)

71,288

1,398,861

Fraport

AG

Frankfurt

Airport

Services

Worldwide

(2)*(a)

27,670

2,410,501

Freenet

AG

(2)(a)

60,344

1,858,048

Fresenius

Medical

Care

AG

(2)(a)

347,964

15,768,872

GEA

Group

AG

(2)(a)

4

287

HUGO

BOSS

AG

(2)(a)

89,157

3,859,245

KION

Group

AG

(2)(a)

12,201

651,925

Knorr-Bremse

AG

(2)(a)

186

21,251

LANXESS

AG

(2)(a)

185,651

4,104,567

Mercedes-Benz

Group

AG

(2)(a)

284,071

17,459,826

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

(Registered)

(2)(a)

18,325

11,572,994

Nemetschek

SE

(2)(a)

42,537

3,184,320

Nordex

SE

(2)*(a)

163,594

8,865,562

Rational

AG

(2)(a)

2,647

1,941,973

Rheinmetall

AG

(2)(a)

1,154

1,946,551

INVESTMENTS

SHARES

VALUE

($)

Germany

-

6.1%

(continued)

RWE

AG

(2)(a)

263,882

17,753,677

Scout24

SE

(2)(a)(b)

72,531

5,596,373

Siemens

Energy

AG

(2)(a)

155,044

26,737,272

Talanx

AG

(2)(a)

9,108

1,130,185

202,171,206

Hong

Kong

-

0

.2

%

HKT

Trust

&

HKT

Ltd.

(2)(a)

263,000

410,989

Techtronic

Industries

Co.

Ltd.

(2)(a)

412,000

5,471,457

5,882,446

Italy

-

3

.5

%

A2A

SpA

(2)(a)

2,681,253

7,592,291

Amplifon

SpA

(2)(a)

800,874

8,835,882

Azimut

Holding

SpA

(2)(a)

21,979

835,134

De'

Longhi

SpA

(2)(a)

1

35

Enel

SpA

(2)(a)

1,126,405

12,314,794

Fincantieri

SpA

(2)*(a)

659,434

10,175,361

FinecoBank

Banca

Fineco

SpA

(2)

(a)

295,656

6,577,970

Hera

SpA

(2)(a)

403,239

1,860,013

Intesa

Sanpaolo

SpA

(2)(a)

1,782,099

10,777,930

Leonardo

SpA

(2)(a)

187,225

12,734,943

Nexi

SpA

(2)(a)(b)

776,434

2,892,150

Pirelli

&

C

SpA

(2)(a)(b)

1,063,304

7,357,486

Poste

Italiane

SpA

(2)(a)(b)

342,461

8,061,105

Reply

SpA

(2)(a)

21,254

2,000,197

Saipem

SpA

(2)(a)

1,931,530

8,837,428

Snam

SpA

(2)(a)

92,044

697,273

UniCredit

SpA

(2)(a)

157,671

11,311,918

Unipol

Assicurazioni

SpA

(2)(a)

192,482

4,471,390

117,333,300

Ivory

Coast

-

0

.0

%

†

Endeavour

Mining

plc

(2)(a)

20,055

1,208,309

Japan

-

26

.6

%

Advantest

Corp.

(2)(a)

73,400

10,129,690

Aeon

Co.

Ltd.

(2)(a)

244,700

2,925,620

Aisin

Corp.

(2)(a)

167,100

2,354,123

Ajinomoto

Co.,

Inc.

(2)(a)

216,100

6,109,414

ANA

Holdings,

Inc.

(2)(a)

342,600

6,135,711

Asahi

Group

Holdings

Ltd.

(2)(a)

448,100

4,474,113

Asahi

Intecc

Co.

Ltd.

(2)(a)

118,700

2,534,725

Asahi

Kasei

Corp.

(2)(a)

299,900

2,934,365

Astellas

Pharma,

Inc.

(2)(a)

2,229,600

36,346,531

Bandai

Namco

Holdings,

Inc.

(2)(a)

485,600

11,979,950

BayCurrent,

Inc.

(2)(a)

280,400

8,116,552

Brother

Industries

Ltd.

(2)(a)

348,400

6,449,943

Canon,

Inc.

(2)(a)

516,500

14,331,506

Central

Japan

Railway

Co.

(2)(a)

347,300

9,030,213

Chubu

Electric

Power

Co.,

Inc.

(2)

(a)

719,400

11,860,686

Concordia

Financial

Group

Ltd.

(2)

(a)

191,000

1,704,903

CyberAgent,

Inc.

(2)(a)

691,100

5,912,470

Dai

Nippon

Printing

Co.

Ltd.

(2)(a)

293,200

5,342,102

Daiichi

Sankyo

Co.

Ltd.

(2)(a)

451,100

8,070,479

Denso

Corp.

(2)(a)

149,700

1,876,951

Disco

Corp.

(2)(a)

16,000

6,521,333

Eisai

Co.

Ltd.

(2)(a)

150,400

4,708,546

84

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

26.6%

(continued)

ENEOS

Holdings,

Inc.

(2)(a)

602,600

5,429,507

FANUC

Corp.

(2)(a)

223,400

7,787,041

Fujitsu

Ltd.

(2)(a)

383,100

7,834,650

Fukuoka

Financial

Group,

Inc.

(2)

(a)

400,800

15,348,863

Furukawa

Electric

Co.

Ltd.

(2)(a)

5,900

1,132,683

Hirose

Electric

Co.

Ltd.

(2)(a)

6,000

785,485

Hitachi

Ltd.

(2)(a)

287,500

8,433,954

Honda

Motor

Co.

Ltd.

(2)(a)

2,309,800

18,694,536

Hoya

Corp.

(2)(a)

77,700

13,470,106

Idemitsu

Kosan

Co.

Ltd.

(2)(a)

207,400

2,036,153

Iida

Group

Holdings

Co.

Ltd.

(2)(a)

206,200

3,172,199

Isetan

Mitsukoshi

Holdings

Ltd.

(2)

(a)

1,121,500

20,664,132

Japan

Airlines

Co.

Ltd.

(2)(a)

829,200

13,537,859

Japan

Post

Bank

Co.

Ltd.

(2)(a)

1,165,400

19,007,935

Japan

Post

Holdings

Co.

Ltd.

(2)(a)

935,700

10,804,024

JFE

Holdings,

Inc.

(2)(a)

1,098,200

12,856,920

Kajima

Corp.

(2)(a)

237,400

9,056,495

Kao

Corp.

(a)

92,700

3,608,586

Kinden

Corp.

(2)(a)

103,200

4,642,812

Kirin

Holdings

Co.

Ltd.

(2)(a)

559,100

8,893,149

Kobe

Bussan

Co.

Ltd.

(2)(a)

70,700

1,529,876

Kobe

Steel

Ltd.

(2)(a)

1,019,000

12,366,734

Kyoto

Financial

Group,

Inc.

(2)(a)

86,000

2,265,974

Kyushu

Electric

Power

Co.,

Inc.

(2)

(a)

375,400

4,351,476

LY

Corp.

(2)(a)

5,182,000

12,494,496

MatsukiyoCocokara

&

Co.

(a)

289,400

4,606,184

Mazda

Motor

Corp.

(2)(a)

2,025,000

13,850,581

MINEBEA

MITSUMI,

Inc.

(2)(a)

277,400

4,606,251

Mitsubishi

Chemical

Group

Corp.

(2)(a)

738,100

4,315,027

Mitsubishi

Electric

Corp.

(2)(a)

207,600

6,789,992

Mitsubishi

Heavy

Industries

Ltd.

(2)

(a)

101,700

2,794,376

Mitsubishi

UFJ

Financial

Group,

Inc.

(2)(a)

43,800

741,706

Mitsui

&

Co.

Ltd.

(2)(a)

178,300

6,891,771

Mitsui

Chemicals,

Inc.

(2)(a)

659,900

7,971,573

Mizuho

Financial

Group,

Inc.

(2)(a)

533,130

21,583,110

Murata

Manufacturing

Co.

Ltd.

(2)

(a)

857,600

19,242,167

Nexon

Co.

Ltd.

(2)(a)

418,800

7,888,807

NGK

Corp.

(2)(a)

2,200

56,700

NIPPON

EXPRESS

HOLDINGS,

Inc.

(2)(a)

321,800

7,272,971

Nippon

Steel

Corp.

(2)(a)

3,135,200

11,561,193

Nippon

Yusen

KK

(2)(a)

157,300

5,778,380

Nissan

Motor

Co.

Ltd.

(2)*(a)

294,600

638,507

Nomura

Holdings,

Inc.

(2)(a)

1,079,900

8,503,174

Obayashi

Corp.

(2)(a)

406,600

9,848,043

Obic

Co.

Ltd.

(a)

480,500

11,662,430

Oji

Holdings

Corp.

(2)(a)

598,800

3,239,538

Omron

Corp.

(2)(a)

507,400

14,597,438

Oracle

Corp.

Japan

(a)

12,400

672,485

ORIX

Corp.

(2)(a)

415,000

12,313,614

Otsuka

Corp.

(2)(a)

110,400

2,113,575

Pan

Pacific

International

Holdings

Corp.

(2)(a)

1,875,800

11,442,856

INVESTMENTS

SHARES

VALUE

($)

Japan

-

26.6%

(continued)

Panasonic

Holdings

Corp.

(2)(a)

278,100

4,664,115

Rakuten

Group,

Inc.

(2)*(a)

3,234,900

15,121,700

Recruit

Holdings

Co.

Ltd.

(2)(a)

559,100

24,359,971

Renesas

Electronics

Corp.

(2)(a)

81,500

1,165,224

Resona

Holdings,

Inc.

(2)(a)

1,799,800

20,531,664

Sanwa

Holdings

Corp.

(2)(a)

432,900

9,845,124

Seiko

Epson

Corp.

(2)(a)

458,500

5,668,531

Sekisui

Chemical

Co.

Ltd.

(2)(a)

254,000

4,264,321

Seven

&

i

Holdings

Co.

Ltd.

(2)(a)

978,400

13,159,136

Shimamura

Co.

Ltd.

(2)(a)

203,700

4,264,796

Shimizu

Corp.

(2)(a)

671,900

12,054,637

Shionogi

&

Co.

Ltd.

(2)(a)

373,200

8,255,536

Shiseido

Co.

Ltd.

(2)(a)

234,400

4,788,848

Shizuoka

Financial

Group,

Inc.

(2)

(a)

645,200

10,713,263

Skylark

Holdings

Co.

Ltd.

(2)(a)

249,800

5,384,856

SoftBank

Corp.

(2)(a)

5,541,000

7,414,542

Sojitz

Corp.

(2)(a)

360,200

14,262,804

Sony

Financial

Group,

Inc.

(2)

2,327,100

2,131,750

Sony

Group

Corp.

(2)(a)

604,900

12,607,771

Square

Enix

Holdings

Co.

Ltd.

(2)

(a)

453,600

7,228,565

Subaru

Corp.

(2)(a)

314,600

5,068,644

Sumitomo

Corp.

(2)(a)

333,600

12,483,001

Sumitomo

Metal

Mining

Co.

Ltd.

(2)(a)

93,600

5,447,820

Sumitomo

Mitsui

Financial

Group,

Inc.

(2)(a)

80,600

2,650,154

Sumitomo

Mitsui

Trust

Group,

Inc.

(2)(a)

402,300

12,815,926

TBS

Holdings,

Inc.

(2)(a)

143,300

5,163,309

TDK

Corp.

(2)(a)

209,400

2,720,164

Terumo

Corp.

(2)(a)

717,500

9,639,439

TIS,

Inc.

(2)(a)

3,100

66,282

Tokio

Marine

Holdings,

Inc.

(2)(a)

21,300

999,843

Tokyo

Century

Corp.

(2)(a)

108,600

1,405,768

Tokyo

Electron

Ltd.

(2)(a)

43,300

10,757,926

Tokyo

Gas

Co.

Ltd.

(2)(a)

206,000

9,701,789

Tokyu

Corp.

(2)(a)

131,400

1,551,054

Tosoh

Corp.

(2)(a)

128,500

1,910,138

TOTO

Ltd.

(2)(a)

50,700

1,676,209

USS

Co.

Ltd.

(2)(a)

648,900

6,825,656

Yamato

Holdings

Co.

Ltd.

(2)(a)

396,000

4,416,048

Yamazaki

Baking

Co.

Ltd.

(2)(a)

3,300

73,765

Yokogawa

Electric

Corp.

(2)(a)

201,400

6,224,018

880,522,127

Macau

-

0

.0

%

†

Galaxy

Entertainment

Group

Ltd.

(2)(a)

193,000

872,339

Netherlands

-

3

.5

%

Aalberts

NV

(2)(a)

20,461

712,588

ABN

AMRO

Bank

NV,

CVA

(2)(a)(b)

132,012

4,184,887

Argenx

SE

(2)*(a)

11,816

8,575,333

ASM

International

NV

(2)(a)

19,181

14,538,293

ASML

Holding

NV

(2)(a)

21,028

27,962,123

ASR

Nederland

NV

(2)(a)

27,078

1,864,235

Heineken

NV

(2)(a)

171,365

13,181,107

Koninklijke

Ahold

Delhaize

NV

(a)

238,464

11,105,077

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

85

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Netherlands

-

3.5%

(continued)

Koninklijke

KPN

NV

(2)(a)

1,462,248

8,150,025

Koninklijke

Vopak

NV

(2)(a)

15,415

834,339

NN

Group

NV

(2)(a)

190,783

14,899,373

SBM

Offshore

NV

(2)(a)

1

40

Wolters

Kluwer

NV

(2)(a)

146,125

10,913,821

116,921,241

Nigeria

-

0

.2

%

Airtel

Africa

plc

(2)(a)(b)

1,167,806

5,385,153

Norway

-

0

.8

%

Equinor

ASA

(2)(a)

20,387

868,576

Gjensidige

Forsikring

ASA

(2)(a)

23,464

613,788

Kongsberg

Gruppen

ASA

(a)

283,763

12,095,877

Mowi

ASA

(2)(a)

91,429

2,079,443

Storebrand

ASA

(2)(a)

172,049

3,105,447

Telenor

ASA

(a)

261,262

4,594,999

TOMRA

Systems

ASA

(2)(a)

69,057

832,563

Vend

Marketplaces

ASA

(a)

127,944

3,165,930

27,356,623

Portugal

-

0

.4

%

Banco

Comercial

Portugues

SA,

Class

R

(2)

4,547,701

4,429,315

EDP

SA

(2)(a)(c)

1,650,441

8,733,639

13,162,954

Singapore

-

0

.6

%

DBS

Group

Holdings

Ltd.

(2)

120,500

5,362,265

Genting

Singapore

Ltd.

(2)

113,500

59,901

Keppel

Ltd.

(2)

140,800

1,297,082

Oversea-Chinese

Banking

Corp.

Ltd.

(2)

218,500

3,742,416

Sea

Ltd.,

ADR

*(a)

40,388

3,344,530

Singapore

Airlines

Ltd.

(2)

152,600

786,911

Singapore

Telecommunications

Ltd.

557,500

2,142,063

United

Overseas

Bank

Ltd.

(2)

142,500

4,079,171

20,814,339

Spain

-

1

.7

%

ACS

Actividades

de

Construccion

y

Servicios

SA

(2)(a)

8,306

1,012,961

Aena

SME

SA

(a)(b)

243,225

7,174,479

Banco

Bilbao

Vizcaya

Argentaria

SA

(2)(a)

40,431

873,292

Banco

Santander

SA

(2)(a)

301,434

3,379,292

Bankinter

SA

(2)(a)

261,305

4,138,386

CaixaBank

SA

(2)(a)

252,925

3,031,979

Enagas

SA

(a)

473,604

9,382,696

Fluidra

SA

(2)(a)

124,955

2,898,474

Grifols

SA

(2)(a)

1

10

Iberdrola

SA

(2)(a)

166,071

3,802,057

Industria

de

Diseno

Textil

SA

(2)(a)

268,815

15,647,396

Mapfre

SA

(2)(a)

6

27

Naturgy

Energy

Group

SA

(a)

103,776

3,106,692

Unicaja

Banco

SA

(2)(a)(b)

913,953

2,712,379

57,160,120

INVESTMENTS

SHARES

VALUE

($)

Sweden

-

2

.8

%

Alfa

Laval

AB

(2)(a)

126,433

6,915,881

Assa

Abloy

AB,

Class

B

(2)(a)

116,273

4,203,024

Autoliv,

Inc.

(a)(c)

45,701

4,805,917

Axfood

AB

(a)

29,149

990,555

Boliden

AB

(2)*(a)

23,579

1,236,055

Electrolux

AB,

Class

B

(2)*(a)

522,173

3,314,522

Essity

AB,

Class

B

(2)(a)

128,716

3,317,373

Evolution

AB

(2)(a)(b)

154,258

9,694,876

Getinge

AB,

Class

B

(2)(a)

51,928

1,048,263

Saab

AB,

Class

B

(2)(a)

95,432

6,246,002

Skanska

AB,

Class

B

(2)(a)

19,569

529,324

Svenska

Handelsbanken

AB,

Class

A

(2)(a)

338,416

4,461,583

Swedbank

AB,

Class

A

(2)(a)

229,296

7,815,216

Swedish

Orphan

Biovitrum

AB

(2)*(a)

15,939

668,011

Tele2

AB,

Class

B

(2)(a)

48,848

1,011,031

Telefonaktiebolaget

LM

Ericsson,

Class

B

(2)(a)

1,675,853

19,105,120

Telia

Co.

AB

(2)(a)

2,638,208

13,516,265

Volvo

AB,

Class

B

(2)(a)

93,510

3,074,545

91,953,563

Switzerland

-

4

.1

%

ABB

Ltd.

(Registered)

(2)(a)

169,872

13,811,947

Accelleron

Industries

AG

(2)(a)

30,511

2,757,775

Adecco

Group

AG

(Registered)

(2)

(a)

180,148

4,332,955

Avolta

AG

(2)*(a)

91,330

5,475,814

BKW

AG

(2)(a)

7,338

1,446,758

Chocoladefabriken

Lindt

&

Spruengli

AG

(2)(a)

86

1,207,611

DSM-Firmenich

AG

(2)(a)

111,114

7,947,325

EFG

International

AG

(2)(a)

2

42

Flughafen

Zurich

AG

(Registered)

(2)(a)

30,998

9,706,591

Geberit

AG

(Registered)

(2)(a)

4,551

3,072,063

Givaudan

SA

(Registered)

(2)(a)

4,746

16,048,610

Kuehne

+

Nagel

International

AG

(Registered)

(2)(a)

38,199

8,747,771

Schindler

Holding

AG

(2)(a)

3,565

1,174,286

SGS

SA

(Registered)

(2)(a)

28,982

3,054,384

Sika

AG

(Registered)

(2)(a)

108,298

17,925,297

Sonova

Holding

AG

(Registered)

(2)(a)

26,899

6,133,334

Swissquote

Group

Holding

SA

(Registered)

(2)(a)

5,271

2,618,311

TE

Connectivity

plc

(a)

20,691

4,324,833

UBS

Group

AG

(Registered)

(2)(a)

112,559

4,389,058

Zurich

Insurance

Group

AG

(2)(a)

29,887

21,124,685

135,299,450

Turkiye

-

0

.0

%

†

Eldorado

Gold

Corp.

(a)

1

34

United

Kingdom

-

7

.2

%

Admiral

Group

plc

(2)(a)

2,184

91,347

Barclays

plc

(2)(a)

2,410,388

12,614,726

Bellway

plc

(2)(a)

167,807

4,126,702

British

American

Tobacco

plc

(2)(a)

64,761

3,759,948

Burberry

Group

plc

(2)*(a)

742,504

10,864,396

86

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

7.2%

(continued)

Centrica

plc

(2)(a)

3,588,067

10,159,388

CK

Hutchison

Holdings

Ltd.

(2)(a)

92,000

706,194

Compass

Group

plc

(2)(a)

1,329,440

37,092,611

Diploma

plc

(2)(a)

6

479

easyJet

plc

(2)(a)

566,697

2,636,738

Entain

plc

(2)(a)

314,173

2,360,194

Games

Workshop

Group

plc

(2)(a)

3,657

864,503

Hiscox

Ltd.

(2)(a)

319,946

6,458,132

Howden

Joinery

Group

plc

(2)(a)

222,712

2,358,916

ICG

plc

(2)(a)

10,806

221,623

IMI

plc

(2)(a)

37,777

1,285,136

Imperial

Brands

plc

(2)(a)

64,982

2,634,878

Inchcape

plc

(a)

188

1,866

International

Consolidated

Airlines

Group

SA

(2)(a)

1,903,912

9,036,561

Intertek

Group

plc

(2)(a)

25,736

1,252,287

ITV

plc

(2)(a)

4,511,804

4,563,065

Kingfisher

plc

(2)(a)

2,486,202

9,453,379

Lloyds

Banking

Group

plc

(2)(a)

7,147,220

8,858,517

Man

Group

plc

(2)(a)

386,396

1,300,809

NatWest

Group

plc

(2)(a)

3,408,157

25,247,449

Next

plc

(2)(a)

14,386

2,430,498

Ocado

Group

plc

(2)*(a)

2

5

Pearson

plc

(2)(a)

32,536

428,950

Pennon

Group

plc

(a)

98,404

689,661

Persimmon

plc

(2)(a)

258,549

3,690,891

Reckitt

Benckiser

Group

plc

(2)(a)

58,011

3,900,680

Rightmove

plc

(2)(a)

118,277

676,700

Rolls-Royce

Holdings

plc

(2)(a)

442,809

6,727,342

TechnipFMC

plc

(a)

375,115

25,931,701

Tesco

plc

(2)(a)

1,954,346

12,283,126

United

Utilities

Group

plc

(2)(a)

116,589

2,032,865

Vodafone

Group

plc

(2)(a)

14,709,213

22,186,670

Whitbread

plc

(2)(a)

40,665

1,250,257

240,179,190

United

States

-

111

.8

%

3M

Co.

(a)

21,681

3,148,732

Abercrombie

&

Fitch

Co.,

Class

A

*(a)

177,135

16,184,825

Acerinox

SA

(2)(a)

44,206

618,048

Acuity,

Inc.

(a)

8,875

2,486,953

Adobe,

Inc.

*(a)

79,972

19,439,594

ADT,

Inc.

(a)

963,145

6,327,863

Advanced

Energy

Industries,

Inc.

(a)(c)

10,992

3,547,228

Aegon

Ltd.

(2)(a)

945,578

6,915,226

AGCO

Corp.

(a)(c)

11,212

1,299,134

Agilent

Technologies,

Inc.

(a)

38,680

4,408,746

Airbnb,

Inc.,

Class

A

*(a)

120,028

15,157,136

Akamai

Technologies,

Inc.

*(a)(c)

22,059

2,533,476

Albemarle

Corp.

(a)

48,962

8,790,148

Alcoa

Corp.

(a)

120,767

8,010,475

Alexandria

Real

Estate

Equities,

Inc.,

REIT

(a)

30,798

1,429,643

Allegion

plc

(a)

29,764

4,324,412

Ally

Financial,

Inc.

(a)

160,739

6,305,791

Alnylam

Pharmaceuticals,

Inc.

*(a)

(c)

25,614

8,474,904

Amazon.com,

Inc.

*(a)

16,875

3,514,556

INVESTMENTS

SHARES

VALUE

($)

United

States

-

111.8%

(continued)

Amdocs

Ltd.

(a)

104,087

6,792,718

Ameren

Corp.

(a)

102,344

11,249,652

American

Airlines

Group,

Inc.

*(a)(c)

212,030

2,277,202

American

Financial

Group,

Inc.

(a)

(c)

42,238

5,394,215

American

Homes

4

Rent,

Class

A,

REIT

(a)

429,328

11,986,838

American

International

Group,

Inc.

(a)(c)

74,277

5,589,344

American

Tower

Corp.,

REIT

(a)

23,299

4,020,941

American

Water

Works

Co.,

Inc.

(a)(c)

54,971

7,481,003

Ameriprise

Financial,

Inc.

(a)

39,352

17,488,029

Amphenol

Corp.,

Class

A

(a)

75,171

9,497,856

Analog

Devices,

Inc.

(a)

7,194

2,288,699

Antero

Resources

Corp.

*(a)(c)

145,240

6,163,986

Aon

plc,

Class

A

(a)(c)

22,464

7,250,930

AP

Moller

-

Maersk

A/S,

Class

B

(2)(a)

486

1,213,971

Applied

Industrial

Technologies,

Inc.

(a)

25,316

6,716,841

AptarGroup,

Inc.

(a)

17,587

2,216,314

Aptiv

plc

*(a)(c)

18,136

1,259,364

Aramark

(a)

421,064

17,069,935

Arch

Capital

Group

Ltd.

*(a)

110,816

10,637,228

Arista

Networks,

Inc.

*(a)(c)

72,666

8,921,931

Armstrong

World

Industries,

Inc.

(a)

39,272

6,472,026

ASGN,

Inc.

*(a)(c)

140,676

5,445,568

Assured

Guaranty

Ltd.

(a)

34,836

2,838,437

ATI,

Inc.

*(a)

27,992

4,071,716

Autodesk,

Inc.

*(a)

36,203

8,666,998

AutoNation,

Inc.

*(a)

23,584

4,605,012

AutoZone,

Inc.

*(a)(c)

1,907

6,441,426

Avantor,

Inc.

*(a)(c)

86,710

679,806

Avnet,

Inc.

(a)

145,901

8,990,420

Axis

Capital

Holdings

Ltd.

(a)

156,631

15,883,950

Bank

of

America

Corp.

(a)

273,968

13,355,940

Bank

of

New

York

Mellon

Corp.

(The)

(a)

50,296

5,966,614

Bath

&

Body

Works,

Inc.

(a)

341,894

6,383,161

BellRing

Brands,

Inc.

*(a)(c)

444,271

7,148,320

Best

Buy

Co.,

Inc.

(a)(c)

193,123

12,398,497

Biogen,

Inc.

*(a)(c)

22,140

4,058,926

BioMarin

Pharmaceutical,

Inc.

*(a)

283,386

16,008,475

BJ's

Wholesale

Club

Holdings,

Inc.

*(a)(c)

8,055

792,773

Blackbaud,

Inc.

*(a)(c)

18,527

715,327

Blackrock,

Inc.

(a)

15,520

14,925,739

Boeing

Co.

(The)

*(a)(c)

3,093

615,600

Booking

Holdings,

Inc.

(a)

6,786

28,571,232

BorgWarner,

Inc.

(a)

88,473

4,800,545

Boston

Beer

Co.,

Inc.

(The),

Class

A

*(a)

13,769

3,172,378

BP

plc

(2)(a)

3,452,004

27,018,156

Bright

Horizons

Family

Solutions,

Inc.

*(a)

151,207

12,418,631

Brink's

Co.

(The)

(a)(c)

3,851

399,079

Bristol-Myers

Squibb

Co.

(a)

420,671

25,513,696

Broadcom,

Inc.

(a)

23,905

7,398,837

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

87

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

111.8%

(continued)

Broadridge

Financial

Solutions,

Inc.

(a)(c)

24,522

3,984,335

Bruker

Corp.

(a)(c)

43,027

1,554,135

Brunswick

Corp.

(a)

81,707

5,945,001

Burlington

Stores,

Inc.

*(a)(c)

20,338

6,617,578

CACI

International,

Inc.,

Class

A

*(a)

1,445

785,892

Caesars

Entertainment,

Inc.

*(a)(c)

42,296

1,117,883

Camden

Property

Trust,

REIT

(a)

20,673

2,018,925

Capital

One

Financial

Corp.

(a)

106,463

19,422,045

CarMax,

Inc.

*(a)

66,710

2,773,802

Carnival

Corp.

(a)(c)

213,406

5,522,947

Carpenter

Technology

Corp.

(a)

21,357

8,417,862

Carrier

Global

Corp.

(a)(c)

181,569

10,224,150

CCC

Intelligent

Solutions

Holdings,

Inc.

*(a)(c)

436,497

2,618,982

CDW

Corp.

(a)

57,077

6,907,459

Centene

Corp.

*(a)

577,192

18,897,266

Chemed

Corp.

(a)

19,967

7,542,335

Cheniere

Energy,

Inc.

(a)(c)

40,072

11,370,831

Chewy,

Inc.,

Class

A

*(a)(c)

721,449

19,479,123

Chipotle

Mexican

Grill,

Inc.,

Class

A

*(a)(c)

277,839

8,893,626

Chord

Energy

Corp.

(a)(c)

59,727

8,491,985

Chubb

Ltd.

(a)

84,237

27,455,365

Ciena

Corp.

*(a)(c)

12,771

4,958,085

Cigna

Group

(The)

(a)(c)

56,778

15,145,532

Cincinnati

Financial

Corp.

(a)

42,950

6,758,183

Citigroup,

Inc.

(a)

13,451

1,525,478

Citizens

Financial

Group,

Inc.

(a)

119,442

7,162,937

Clorox

Co.

(The)

(a)

66,327

6,873,467

Cloudflare,

Inc.,

Class

A

*(a)(c)

4,023

830,106

CNA

Financial

Corp.

(a)

124,401

5,712,494

CNH

Industrial

NV

(a)

470,829

5,179,119

CNO

Financial

Group,

Inc.

(a)

58,783

2,413,630

Coca-Cola

Consolidated,

Inc.

(a)

63,825

12,237,806

Columbia

Sportswear

Co.

(a)

133,847

7,336,154

Comfort

Systems

USA,

Inc.

(a)

21,395

29,503,490

Commerce

Bancshares,

Inc.

(a)(c)

26,136

1,285,891

Commercial

Metals

Co.

(a)

67,841

4,167,473

Commvault

Systems,

Inc.

*(a)

110,671

8,620,164

Concentrix

Corp.

(a)

133,346

3,648,347

ConocoPhillips

(a)

61,011

8,053,452

Consolidated

Edison,

Inc.

(a)(c)

68,700

7,775,466

Cooper

Cos.,

Inc.

(The)

*(a)(c)

204,365

14,612,098

Copart,

Inc.

*(a)(c)

296,107

9,830,752

COPT

Defense

Properties,

REIT

(a)

122,201

3,739,351

Corebridge

Financial,

Inc.

(a)

27,668

660,158

Corpay,

Inc.

*(a)(c)

25,556

7,436,540

Corteva,

Inc.

(a)(c)

25,384

2,124,895

CoStar

Group,

Inc.

*(a)(c)

53,461

2,156,617

Costco

Wholesale

Corp.

(a)

17,671

17,607,915

Crane

Co.

(a)

71,304

12,192,984

Crown

Holdings,

Inc.

(a)

80,582

8,078,346

Cullen/Frost

Bankers,

Inc.

(a)(c)

5,391

738,998

Cummins,

Inc.

(a)

18,340

9,867,287

Curtiss-Wright

Corp.

(a)

18,801

12,805,737

Danaher

Corp.

(a)

91,202

17,291,899

Darden

Restaurants,

Inc.

(a)

27,437

5,378,749

Darling

Ingredients,

Inc.

*(a)

90,640

5,606,084

INVESTMENTS

SHARES

VALUE

($)

United

States

-

111.8%

(continued)

Datadog,

Inc.,

Class

A

*(a)(c)

55,554

6,558,150

Deckers

Outdoor

Corp.

*(a)

86,257

8,633,463

Delta

Air

Lines,

Inc.

(a)

179,228

11,915,077

Docusign,

Inc.,

Class

A

*(a)

86,670

4,109,025

Dolby

Laboratories,

Inc.,

Class

A

(a)

64,502

3,873,990

Dollar

General

Corp.

(a)

145,582

17,284,951

Dollar

Tree,

Inc.

*(a)(c)

68,139

7,461,902

Domino's

Pizza,

Inc.

(a)

15,638

5,610,758

DoubleVerify

Holdings,

Inc.

*(a)

530,465

5,039,418

Dover

Corp.

(a)(c)

78,775

16,420,649

Dow,

Inc.

(a)(c)

130,538

5,436,908

DR

Horton,

Inc.

(a)(c)

82,534

11,325,315

DraftKings,

Inc.,

Class

A

*(a)(c)

736,334

15,919,541

DTE

Energy

Co.

(a)

32,339

4,728,609

Dynatrace,

Inc.

*(a)

38,595

1,427,243

Eagle

Materials,

Inc.

(a)(c)

17,844

3,380,546

East

West

Bancorp,

Inc.

(a)

81,056

8,653,539

Ecolab,

Inc.

(a)(c)

26,174

6,962,807

Edison

International

(a)

497,966

36,441,151

Edwards

Lifesciences

Corp.

*(a)

49,209

3,940,657

Elastic

NV

*(a)

454,623

22,726,604

Elevance

Health,

Inc.

(a)

4,668

1,366,557

elf

Beauty,

Inc.

*(a)(c)

99,092

6,005,966

EMCOR

Group,

Inc.

(a)

23,477

17,333,304

Encompass

Health

Corp.

(a)

20,926

2,024,172

EnerSys

(a)

37,143

6,452,482

EOG

Resources,

Inc.

(a)

65,312

9,442,156

EPAM

Systems,

Inc.

*(a)(c)

15,831

2,143,517

EPR

Properties,

REIT

(a)

66,803

3,337,478

EQT

Corp.

(a)(c)

45,941

2,923,685

Equifax,

Inc.

(a)(c)

40,413

7,277,169

Equinix,

Inc.,

REIT

(a)

13,674

13,403,802

Esab

Corp.

(a)

38,154

3,687,966

Essent

Group

Ltd.

(a)

65,063

3,802,282

Evercore,

Inc.,

Class

A

(a)(c)

38,929

11,620,696

Everest

Group

Ltd.

(a)

42,020

13,734,237

Everpure,

Inc.,

Class

A

*(a)(c)

84,182

4,970,105

Eversource

Energy

(a)

21,215

1,469,775

Everus

Construction

Group,

Inc.

*(a)

13,482

1,591,685

Exelixis,

Inc.

*(a)

484,145

20,764,979

ExlService

Holdings,

Inc.

*(a)

417,710

12,719,270

Expand

Energy

Corp.

(a)(c)

67,298

7,387,974

Expedia

Group,

Inc.

(a)(c)

19,066

4,402,149

Experian

plc

(2)(a)

72,816

2,519,033

Extra

Space

Storage,

Inc.,

REIT

(a)(c)

5,243

687,515

FactSet

Research

Systems,

Inc.

(a)(c)

15,738

3,414,989

Federal

Realty

Investment

Trust,

REIT

(a)

53,209

5,651,328

Federated

Hermes,

Inc.,

Class

B

(a)(c)

16,441

932,369

FedEx

Corp.

(a)

71,084

25,318,699

Fidelity

National

Financial,

Inc.

(a)

278,418

12,913,027

First

Financial

Bankshares,

Inc.

(a)

(c)

41,490

1,221,881

First

Hawaiian,

Inc.

(a)

195,212

4,810,024

First

Horizon

Corp.

(a)

306,319

6,971,820

88

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

111.8%

(continued)

First

Industrial

Realty

Trust,

Inc.,

REIT

(a)

56,018

3,240,641

First

Solar,

Inc.

*(a)

29,424

5,804,178

FirstCash

Holdings,

Inc.

(a)

23,481

4,414,428

Five

Below,

Inc.

*(a)

44,394

10,143,141

Fluor

Corp.

*(a)

59,782

2,788,830

FMC

Corp.

(a)

184,695

3,180,448

Ford

Motor

Co.

(a)

710,076

8,194,277

Fortinet,

Inc.

*(a)

98,674

8,063,639

Freeport-McMoRan,

Inc.

(a)

144,056

8,467,612

FTI

Consulting,

Inc.

*(a)(c)

4,222

746,323

Gap,

Inc.

(The)

(a)

368,495

8,917,579

Garmin

Ltd.

(a)

15,615

3,622,836

Gartner,

Inc.

*(a)(c)

164,318

26,018,112

Gates

Industrial

Corp.

plc

*(a)

155,815

3,522,977

GE

Aerospace

(a)

43,307

12,289,227

GE

Vernova,

Inc.

(a)

22,294

19,460,433

General

Dynamics

Corp.

(a)

36,602

12,562,538

General

Mills,

Inc.

(a)

839,792

31,257,057

General

Motors

Co.

(a)

187,951

14,002,350

Genpact

Ltd.

(a)

385,751

14,369,225

GFL

Environmental,

Inc.

(a)

95,542

3,985,553

Gitlab,

Inc.,

Class

A

*(a)(c)

79,357

1,717,285

GLOBALFOUNDRIES,

Inc.

*(a)

45,996

2,045,902

Globus

Medical,

Inc.,

Class

A

*(a)

37,129

3,199,035

Goldman

Sachs

Group,

Inc.

(The)

(a)(c)

1,089

921,283

Goodyear

Tire

&

Rubber

Co.

(The)

*(a)(c)

1,134,226

7,519,918

Graham

Holdings

Co.,

Class

B

(a)

3,231

3,416,007

Grand

Canyon

Education,

Inc.

*(a)

13,122

2,231,134

Graphic

Packaging

Holding

Co.

(a)

(c)

806,323

8,014,851

Greif,

Inc.,

Class

A

(a)(c)

29,183

1,957,304

GSK

plc

(2)(a)

13,956

384,425

Haemonetics

Corp.

*(a)

240,720

13,566,979

Halozyme

Therapeutics,

Inc.

*(a)(c)

45,353

2,931,164

Hanover

Insurance

Group,

Inc.

(The)

(a)

21,371

3,704,663

Hasbro,

Inc.

(a)

41,296

3,865,306

Hayward

Holdings,

Inc.

*(a)(c)

60,753

812,875

HealthEquity,

Inc.

*(a)

126,220

10,548,205

Hewlett

Packard

Enterprise

Co.

(a)

(c)

203,599

4,847,692

HF

Sinclair

Corp.

(a)

19,513

1,217,416

Hilton

Grand

Vacations,

Inc.

*(a)(c)

65,629

2,567,406

Holcim

AG

(2)(a)

158,667

13,115,725

Honeywell

International,

Inc.

(a)

37,733

8,528,790

Host

Hotels

&

Resorts,

Inc.,

REIT

(a)

147,788

2,831,618

HubSpot,

Inc.

*(a)

33,321

8,133,656

Huntington

Ingalls

Industries,

Inc.

(a)

31,535

11,980,147

Huntsman

Corp.

(a)

236,629

3,149,532

Illinois

Tool

Works,

Inc.

(a)

30,706

7,992,465

Illumina,

Inc.

*(a)

67,973

8,378,352

Incyte

Corp.

*(a)

88,704

8,348,820

Ingredion,

Inc.

(a)

40,588

4,572,644

Insmed,

Inc.

*(a)(c)

7,862

1,285,594

Insulet

Corp.

*(a)(c)

46,246

9,704,261

INVESTMENTS

SHARES

VALUE

($)

United

States

-

111.8%

(continued)

InterContinental

Hotels

Group

plc

(2)(a)

105,574

13,922,557

International

Business

Machines

Corp.

(a)(c)

56,486

13,691,642

International

Flavors

&

Fragrances,

Inc.

(a)(c)

136,074

9,872,169

International

Paper

Co.

(a)

71,261

2,544,018

Intuit,

Inc.

(a)

3,481

1,505,115

Invesco

Ltd.

(a)

167,522

4,069,109

Invitation

Homes,

Inc.,

REIT

(a)

268,900

6,682,165

IQVIA

Holdings,

Inc.

*(a)(c)

34,214

5,834,856

Iron

Mountain,

Inc.,

REIT

(a)

65,799

6,720,710

ITT,

Inc.

(a)

101,291

19,298,974

J

M

Smucker

Co.

(The)

(a)(c)

20,089

1,937,383

Jacobs

Solutions,

Inc.

(a)

6,051

770,171

Jazz

Pharmaceuticals

plc

*(a)

49,934

9,440,023

JB

Hunt

Transport

Services,

Inc.

(a)

113,258

23,999,370

Jefferies

Financial

Group,

Inc.

(a)

197,226

8,139,517

Jones

Lang

LaSalle,

Inc.

*(a)

27,360

8,326,195

Keurig

Dr

Pepper,

Inc.

(a)(c)

59,490

1,566,372

KeyCorp

(a)

201,103

4,032,115

Keysight

Technologies,

Inc.

*(a)

15,577

4,398,477

Kinder

Morgan,

Inc.

(a)(c)

569,360

19,090,641

KKR

&

Co.,

Inc.

(a)

116,205

10,748,963

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

(a)

116,083

6,684,059

Kyndryl

Holdings,

Inc.

*(a)

424,681

5,571,815

Lamar

Advertising

Co.,

Class

A,

REIT

(a)(c)

81,865

10,369,021

Lamb

Weston

Holdings,

Inc.

(a)(c)

55,930

2,363,602

Landstar

System,

Inc.

(a)

35,091

5,625,438

Las

Vegas

Sands

Corp.

(a)

214,513

11,557,960

Lear

Corp.

(a)

23,088

2,795,495

Leonardo

DRS,

Inc.

(a)

163,400

7,274,568

Lincoln

Electric

Holdings,

Inc.

(a)

31,415

7,824,848

Lineage,

Inc.,

REIT

(a)

37,090

1,215,068

Littelfuse,

Inc.

(a)(c)

16,987

5,764,538

LivaNova

plc

*(a)

91,216

5,797,689

Lockheed

Martin

Corp.

(a)

36,200

21,878,918

Louisiana-Pacific

Corp.

(a)(c)

53,591

3,898,745

Lumentum

Holdings,

Inc.

*(a)(c)

9,158

6,435,876

Lyft,

Inc.,

Class

A

*(a)(c)

260,462

3,464,145

LyondellBasell

Industries

NV,

Class

A

(a)(c)

178,296

14,363,526

Manhattan

Associates,

Inc.

*(a)(c)

108,633

14,461,225

ManpowerGroup,

Inc.

(a)

30,134

887,748

Maplebear,

Inc.

*(a)(c)

19,627

735,227

MarketAxess

Holdings,

Inc.

(a)

104,638

17,263,177

Marsh

&

McLennan

Cos.,

Inc.

(a)

62,866

10,904,108

Marzetti

Co.

(The)

(a)

38,293

5,297,071

Masimo

Corp.

*(a)(c)

21,334

3,794,679

Matador

Resources

Co.

(a)(c)

125,545

7,931,933

Match

Group,

Inc.

(a)

134,421

4,128,069

Mattel,

Inc.

*(a)(c)

344,757

5,009,319

McCormick

&

Co.,

Inc.

(Non-Voting)

(a)

44,147

2,226,775

McKesson

Corp.

(a)

5,742

4,968,897

Medpace

Holdings,

Inc.

*(a)(c)

28,731

13,796,339

Merck

&

Co.,

Inc.

(a)

71,656

8,619,500

MetLife,

Inc.

(a)

162,110

11,464,419

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

89

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

111.8%

(continued)

MGIC

Investment

Corp.

(a)

445,754

11,701,043

MGM

Resorts

International

*(a)(c)

49,958

1,848,946

Microchip

Technology,

Inc.

(a)(c)

60,920

3,936,041

Micron

Technology,

Inc.

(a)

62,621

21,155,879

Microsoft

Corp.

(a)

94,684

35,049,175

Middleby

Corp.

(The)

*(a)(c)

43,494

5,766,435

MKS,

Inc.

(a)(c)

22,180

5,097,186

Mohawk

Industries,

Inc.

*(a)(c)

114,580

11,281,547

Molina

Healthcare,

Inc.

*(a)(c)

102,850

13,709,905

MongoDB,

Inc.,

Class

A

*(a)(c)

37,639

9,212,898

Mosaic

Co.

(The)

(a)

188,226

4,799,763

MSCI,

Inc.,

Class

A

(a)

20,544

11,073,421

Mueller

Industries,

Inc.

(a)

138,217

15,314,444

Nasdaq,

Inc.

(a)(c)

16,403

1,392,451

Natera,

Inc.

*(a)(c)

35,084

7,016,449

National

Fuel

Gas

Co.

(a)

31,163

2,928,075

Nestle

SA

(Registered)

(2)(a)

357,062

35,024,587

Neurocrine

Biosciences,

Inc.

*(a)

135,369

17,833,512

New

York

Times

Co.

(The),

Class

A

(a)

185,317

15,516,592

Newell

Brands,

Inc.

(a)(c)

1,428,958

4,901,326

Newmont

Corp.

(a)

112,540

12,182,455

News

Corp.,

Class

A

(a)(c)

276,805

6,900,749

NNN

REIT,

Inc.,

REIT

(a)

61,344

2,578,288

Northern

Trust

Corp.

(a)

45,417

6,338,851

Novanta,

Inc.

*(a)(c)

1,154

136,299

Novartis

AG

(Registered)

(2)(a)

40,632

6,236,786

Nucor

Corp.

(a)

34,704

5,868,446

Nutanix,

Inc.,

Class

A

*(a)(c)

303,233

11,525,886

nVent

Electric

plc

(a)

103,272

12,215,012

NVIDIA

Corp.

(a)

42,734

7,452,810

NVR,

Inc.

*(a)

232

1,528,841

Occidental

Petroleum

Corp.

(a)(c)

396,739

25,788,035

OGE

Energy

Corp.

(a)

66,662

3,197,110

Old

Republic

International

Corp.

(a)

209,400

8,355,060

Ollie's

Bargain

Outlet

Holdings,

Inc.

*(a)(c)

77,533

7,136,137

Omega

Healthcare

Investors,

Inc.,

REIT

(a)

57,941

2,538,975

Omnicom

Group,

Inc.

(a)(c)

112,140

8,445,263

ON

Semiconductor

Corp.

*(a)(c)

14,440

894,125

OneMain

Holdings,

Inc.

(a)

128,054

6,849,608

Onto

Innovation,

Inc.

*(a)

19,673

4,034,342

O'Reilly

Automotive,

Inc.

*(a)(c)

70,719

6,528,071

Otis

Worldwide

Corp.

(a)(c)

53,765

4,144,206

Ovintiv,

Inc.

(a)

67,609

4,013,270

Owens

Corning

(a)

98,378

10,646,467

PACCAR,

Inc.

(a)

33,792

3,902,976

Palantir

Technologies,

Inc.,

Class

A

*(a)(c)

19,693

2,880,692

Paylocity

Holding

Corp.

*(a)

58,325

6,301,433

PBF

Energy,

Inc.,

Class

A

(a)

108,984

5,189,818

Penn

Entertainment,

Inc.

*(a)

88,149

1,324,879

Penske

Automotive

Group,

Inc.

(a)

(c)

10,237

1,530,636

Pentair

plc

(a)

21,073

1,835,669

PepsiCo,

Inc.

(a)

82,430

12,800,555

Permian

Resources

Corp.,

Class

A

(a)

124,634

2,657,197

Pfizer,

Inc.

(a)

63,351

1,778,896

INVESTMENTS

SHARES

VALUE

($)

United

States

-

111.8%

(continued)

PG&E

Corp.

(a)

2,374,770

41,724,708

Philip

Morris

International,

Inc.

(a)

79,224

13,098,896

Phillips

66

(a)

77,217

14,067,393

Pilgrim's

Pride

Corp.

(a)

18,182

686,552

Pinnacle

Financial

Partners,

Inc.

(a)

95,945

8,264,702

Planet

Fitness,

Inc.,

Class

A

*(a)(c)

81,778

6,082,648

PNC

Financial

Services

Group,

Inc.

(The)

(a)

136,975

28,503,128

Polaris,

Inc.

(a)

82,173

4,478,429

Popular,

Inc.

(a)

70,127

9,408,940

Portland

General

Electric

Co.

(a)

69,872

3,687,145

Principal

Financial

Group,

Inc.

(a)(c)

116,884

10,532,417

Procore

Technologies,

Inc.

*(a)(c)

162,012

9,234,684

Procter

&

Gamble

Co.

(The)

(a)

4,540

655,758

Progressive

Corp.

(The)

(a)

77,251

15,314,238

Prologis,

Inc.,

REIT

(a)(c)

31,844

4,209,140

Prosperity

Bancshares,

Inc.

(a)(c)

168,698

11,333,132

Prudential

Financial,

Inc.

(a)(c)

34,734

3,393,164

QUALCOMM,

Inc.

(a)(c)

52,359

6,742,792

Ralph

Lauren

Corp.,

Class

A

(a)

18,239

6,274,034

Rambus,

Inc.

*(a)

15,291

1,315,485

Raymond

James

Financial,

Inc.

(a)

20,318

2,941,843

RBC

Bearings,

Inc.

*(a)

3,555

1,930,792

Regency

Centers

Corp.,

REIT

(a)(c)

48,395

3,661,566

Regeneron

Pharmaceuticals,

Inc.

(a)

27,162

20,986,448

Reinsurance

Group

of

America,

Inc.

(a)

81,063

16,549,822

RenaissanceRe

Holdings

Ltd.

(a)

22,176

6,591,372

Republic

Services,

Inc.,

Class

A

(a)

44,221

9,685,283

Reynolds

Consumer

Products,

Inc.

(a)

84,426

1,788,143

Robert

Half,

Inc.

(a)

95,746

2,431,948

ROBLOX

Corp.,

Class

A

*(a)(c)

168,263

9,516,955

Roivant

Sciences

Ltd.

*(a)

72,861

2,018,250

Roku,

Inc.,

Class

A

*(a)

22,734

2,151,091

Roper

Technologies,

Inc.

(a)

14,212

5,029,058

Ross

Stores,

Inc.

(a)

30,686

6,647,508

Royal

Caribbean

Cruises

Ltd.

(a)(c)

42,998

11,832,190

Royalty

Pharma

plc,

Class

A

(a)

127,634

6,122,603

RTX

Corp.

(a)

14,293

2,757,120

Rubrik,

Inc.,

Class

A

*(a)(c)

36,811

1,802,635

Ryder

System,

Inc.

(a)

21,821

4,466,977

S&P

Global,

Inc.

(a)(c)

21,574

9,176,285

Salesforce,

Inc.

(a)

87,272

16,291,064

Sanofi

SA

(2)(a)

311,558

30,087,102

Sarepta

Therapeutics,

Inc.

*(a)(c)

268,422

5,840,863

Science

Applications

International

Corp.

(a)

63,340

6,012,233

Seagate

Technology

Holdings

plc

(a)

38,853

15,221,051

Selective

Insurance

Group,

Inc.

(a)

270,245

20,373,771

Sempra

(a)

32,596

3,167,353

SentinelOne,

Inc.,

Class

A

*(a)(c)

668,314

8,607,884

ServiceNow,

Inc.

*(a)

58,387

6,104,361

Signify

NV

(2)(a)(b)

102,881

2,191,283

Simon

Property

Group,

Inc.,

REIT

(a)

26,331

4,911,521

Simpson

Manufacturing

Co.,

Inc.

(a)

4,150

712,223

90

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

111.8%

(continued)

SiteOne

Landscape

Supply,

Inc.

*(a)(c)

54,629

7,271,666

Skyworks

Solutions,

Inc.

(a)(c)

141,166

7,559,439

Smithfield

Foods,

Inc.

(a)

1

28

Smurfit

Westrock

plc

(a)(c)

171,322

6,827,182

Snowflake,

Inc.,

Class

A

*(a)(c)

86,661

13,070,212

Solstice

Advanced

Materials,

Inc.

(a)(c)

44,128

3,360,788

Sotera

Health

Co.

*(a)

100,423

1,440,066

SOUTHSTATE

BANK

Corp.

(a)(c)

109,263

10,109,013

SS&C

Technologies

Holdings,

Inc.

(a)

39,576

2,674,150

STERIS

plc

(a)

35,734

7,901,859

Sterling

Infrastructure,

Inc.

*(a)

1,592

648,374

Stifel

Financial

Corp.

(a)

375,664

27,769,083

Stryker

Corp.

(a)

48,946

16,083,166

Sunbelt

Rentals

Holdings,

Inc.

(2)

81,879

5,223,172

Synchrony

Financial

(a)

73,597

5,006,068

Sysco

Corp.

(a)

28,147

2,007,726

Take-Two

Interactive

Software,

Inc.

*(a)(c)

93,319

18,430,503

Tapestry,

Inc.

(a)

52,171

7,361,850

Taylor

Morrison

Home

Corp.,

Class

A

*(a)

170,595

9,935,453

TD

SYNNEX

Corp.

(a)

92,063

15,531,949

Tenet

Healthcare

Corp.

*(a)

35,581

6,714,491

Teradyne,

Inc.

(a)(c)

42,320

12,546,187

Texas

Capital

Bancshares,

Inc.

*(a)

(c)

124,690

11,830,587

Texas

Roadhouse,

Inc.,

Class

A

(a)

(c)

124,417

20,546,223

Textron,

Inc.

(a)(c)

131,339

11,500,043

TJX

Cos.,

Inc.

(The)

(a)

230,386

36,792,643

T-Mobile

US,

Inc.

(a)

114,603

24,070,068

Toro

Co.

(The)

(a)

143,245

13,384,813

Trade

Desk,

Inc.

(The),

Class

A

*(a)

(c)

94,307

2,139,826

Tradeweb

Markets,

Inc.,

Class

A

(a)

94,575

11,127,695

TransUnion

(a)(c)

85,369

5,906,681

Travel

+

Leisure

Co.

(a)

14,682

1,015,848

Travelers

Cos.,

Inc.

(The)

(a)

38,586

11,254,764

Trex

Co.,

Inc.

*(a)

256,591

9,345,044

Truist

Financial

Corp.

(a)(c)

130,653

6,006,118

TTM

Technologies,

Inc.

*(a)(c)

41,120

4,005,910

Tyson

Foods,

Inc.,

Class

A

(a)

211,349

13,541,130

Uber

Technologies,

Inc.

*(a)(c)

218,031

15,682,970

U-Haul

Holding

Co.

(a)(c)

1

45

Ultragenyx

Pharmaceutical,

Inc.

*(a)(c)

208,429

4,366,588

Union

Pacific

Corp.

(a)

6,611

1,603,961

United

Airlines

Holdings,

Inc.

*(a)

77,274

7,114,617

United

Parcel

Service,

Inc.,

Class

B

(a)(c)

74,806

7,359,414

United

Therapeutics

Corp.

*(a)

17,844

10,581,135

UnitedHealth

Group,

Inc.

(a)

11,352

3,071,738

Universal

Health

Services,

Inc.,

Class

B

(a)

11,684

2,091,085

Unum

Group

(a)

37,706

2,753,669

US

Bancorp

(a)

85,411

4,442,226

US

Foods

Holding

Corp.

*(a)(c)

44,258

4,081,030

INVESTMENTS

SHARES

VALUE

($)

United

States

-

111.8%

(continued)

UWM

Holdings

Corp.,

Class

A

147,377

533,505

Veeva

Systems,

Inc.,

Class

A

*(a)

34,496

6,059,567

Ventas,

Inc.,

REIT

(a)

45,833

3,748,223

Veralto

Corp.

(a)

116,240

10,277,941

VeriSign,

Inc.

(a)

96,287

23,913,839

Verizon

Communications,

Inc.

(a)

178,298

8,950,560

Vertiv

Holdings

Co.,

Class

A

(a)

33,667

8,436,277

VF

Corp.

(a)(c)

394,512

6,702,759

Viatris,

Inc.

(a)

440,318

5,948,696

VICI

Properties,

Inc.,

Class

A,

REIT

(a)

173,413

4,737,643

Viking

Holdings

Ltd.

*(a)

299,029

21,972,651

Walmart,

Inc.

(a)

172,561

21,445,881

Walt

Disney

Co.

(The)

(a)

77,428

7,462,511

Warner

Music

Group

Corp.,

Class

A

(a)

144,571

3,692,343

Waste

Connections,

Inc.

(a)

11,123

1,806,820

Watts

Water

Technologies,

Inc.,

Class

A

(a)

19,876

5,769,804

Wells

Fargo

&

Co.

(a)

122,634

9,762,893

Wendy's

Co.

(The)

(a)(c)

162,105

1,126,630

WESCO

International,

Inc.

(a)(c)

22,638

6,194,210

West

Pharmaceutical

Services,

Inc.

(a)

14,298

3,583,651

Western

Alliance

Bancorp

(a)(c)

67,820

4,805,047

Western

Digital

Corp.

(a)(c)

60,073

16,249,146

Westinghouse

Air

Brake

Technologies

Corp.

(a)

46,266

11,562,336

WEX,

Inc.

*(a)

4,503

689,139

Woodward,

Inc.

(a)

17,238

6,169,825

Xylem,

Inc.

(a)(c)

7,966

951,937

Zebra

Technologies

Corp.,

Class

A

*(a)(c)

9,305

1,945,489

Zions

Bancorp

NA

(a)

13,536

779,944

Zoom

Communications,

Inc.,

Class

A

*(a)

75,379

6,059,718

3,714,547,756

Zambia

-

0

.0

%

†

First

Quantum

Minerals

Ltd.

*(a)

44,029

1,052,695

TOTAL

COMMON

STOCKS

(Cost

$5,898,772,329)

6,443,192,080

PREFERRED

STOCKS

-

0.1%

Germany

-

0

.1

%

Volkswagen

AG

(Preference)

(2)(a)

(Cost

$2,334,656)

21,214

2,170,033

NO.

OF

RIGHTS

RIGHTS

-

0.0%

†

Italy

-

0

.0

%

†

Telecom

Italia

SpA,

expiring

4/1/2026

(2)*

(Cost

$–)

2,447,532

26

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

91

(Continued)

INVESTMENTS

SHARES

VALUE

($)

SHORT-TERM

INVESTMENTS

-

54.2%

INVESTMENT

COMPANIES

-

24

.3

%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(d)(e)

9,880,887

9,880,887

Limited

Purpose

Cash

Investment

Fund,

3.65%

(d)(f)

797,742,437

797,742,437

TOTAL

INVESTMENT

COMPANIES

(Cost

$807,542,792)

807,623,324

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

29

.9

%

U.S.

Treasury

Bills

3.70%,

6/4/2026

(2)(g)

$

103,650,000

102,984,100

3.65%,

6/11/2026

(2)(g)

90,000,000

89,361,479

3.56%,

6/18/2026

(2)(g)

170,000,000

168,675,104

3.55%,

6/25/2026

(2)(g)

150,000,000

148,729,426

3.56%,

7/2/2026

(2)(g)

120,000,000

118,895,003

3.54%,

7/9/2026

(2)(g)

80,000,000

79,206,790

3.55%,

7/16/2026

(2)(g)

10,000,000

9,894,328

3.58%,

7/23/2026

(2)(g)(h)

160,000,000

158,196,185

3.67%,

10/1/2026

(2)(g)

120,000,000

117,810,100

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$993,927,619)

993,752,515

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$1,801,470,411)

1,801,375,839

TOTAL

LONG

POSITIONS

(Cost

$7,702,577,396)

8,246,737,978

SHARES

SHORT

POSITIONS

-

(182.7)%

COMMON

STOCKS

-

(181.9)%

Australia

-

(

6

.1

)

%

Ampol

Ltd.

(2)

(

159,419

)

(

3,697,481

)

BlueScope

Steel

Ltd.

(2)

(

500,336

)

(

9,056,395

)

CAR

Group

Ltd.

(2)

(

252,061

)

(

4,023,743

)

Cleanaway

Waste

Management

Ltd.

(2)

(

867,684

)

(

1,374,042

)

Cochlear

Ltd.

(2)

(

77,266

)

(

9,091,943

)

Coles

Group

Ltd.

(2)

(

46,620

)

(

706,981

)

Commonwealth

Bank

of

Australia

(2)

(

35,770

)

(

4,188,911

)

CSL

Ltd.

(2)

(

56,744

)

(

5,573,337

)

Domino's

Pizza

Enterprises

Ltd.

(2)

(

74,918

)

(

848,531

)

Endeavour

Group

Ltd.

(2)

(

2,016,542

)

(

4,564,685

)

Fortescue

Ltd.

(2)

(

77,660

)

(

1,109,730

)

IDP

Education

Ltd.

(2)

(

208,801

)

(

597,821

)

Insurance

Australia

Group

Ltd.

(

391,756

)

(

1,983,944

)

Lendlease

Corp.

Ltd.

(2)

(

135,703

)

(

312,436

)

Liontown

Ltd.

(2)

(

4,125,116

)

(

5,034,978

)

Lynas

Rare

Earths

Ltd.

(2)

(

1,505,677

)

(

20,443,278

)

Macquarie

Group

Ltd.

(2)

(

94,171

)

(

13,377,634

)

Medibank

Pvt

Ltd.

(2)

(

1,979,008

)

(

5,988,050

)

National

Australia

Bank

Ltd.

(2)

(

118,047

)

(

3,414,589

)

New

Hope

Corp.

Ltd.

(2)

(

134,914

)

(

551,140

)

NEXTDC

Ltd.

(2)

(

1,566,281

)

(

12,522,381

)

PLS

Group

Ltd.

(2)

(

2,964,651

)

(

10,855,169

)

Qantas

Airways

Ltd.

(2)

(

405,100

)

(

2,379,659

)

Ramsay

Health

Care

Ltd.

(2)

(

495,197

)

(

13,468,797

)

REA

Group

Ltd.

(2)

(

10,506

)

(

1,151,020

)

INVESTMENTS

SHARES

VALUE

($)

Australia

-

(6.1)%

(continued)

Reece

Ltd.

(2)

(

223,884

)

(

2,083,279

)

Rio

Tinto

plc

(2)

(

13,856

)

(

1,285,473

)

Santos

Ltd.

(2)

(

1,269,297

)

(

6,947,554

)

SGH

Ltd.

(2)

(

16,968

)

(

482,757

)

Sonic

Healthcare

Ltd.

(2)

(

218,280

)

(

3,101,494

)

Telix

Pharmaceuticals

Ltd.

(2)

(

1,149,863

)

(

11,008,789

)

Treasury

Wine

Estates

Ltd.

(2)

(

3,899,660

)

(

10,064,087

)

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(2)

(

63,000

)

(

1,770,484

)

WiseTech

Global

Ltd.

(2)

(

196,738

)

(

5,308,103

)

Woodside

Energy

Group

Ltd.

(2)

(

672,276

)

(

15,958,173

)

Woolworths

Group

Ltd.

(2)

(

362,217

)

(

9,146,791

)

(203,473,659)

Austria

-

(

0

.0

)

%

†

Mondi

plc

(2)

(

107,077

)

(

1,210,573

)

Belgium

-

(

0

.7

)

%

Anheuser-Busch

InBev

SA/NV

(2)

(

31,251

)

(

2,162,135

)

D'ieteren

Group

(2)

(

36,587

)

(

6,774,193

)

Elia

Group

SA/NV

(2)

(

28,216

)

(

4,333,954

)

Financiere

de

Tubize

SA

(2)

(

7,447

)

(

1,847,346

)

Lotus

Bakeries

NV

(2)

(

454

)

(

5,126,007

)

UCB

SA

(2)

(

13,545

)

(

4,081,064

)

(24,324,699)

Brazil

-

(

0

.3

)

%

MercadoLibre,

Inc.

(

5,150

)

(

8,904,453

)

Yara

International

ASA

(2)

(

20,367

)

(

1,190,541

)

(10,094,994)

Canada

-

(

6

.3

)

%

Agnico

Eagle

Mines

Ltd.

(

14,484

)

(

2,940,009

)

Alimentation

Couche-Tard,

Inc.

(

80,056

)

(

4,537,715

)

AtkinsRealis

Group,

Inc.

(

56,500

)

(

3,635,073

)

BCE,

Inc.

(

970,691

)

(

24,492,312

)

Bombardier,

Inc.,

Class

B

(

42,404

)

(

7,499,268

)

Brookfield

Asset

Management

Ltd.,

Class

A

(

140,938

)

(

6,266,275

)

Brookfield

Corp.,

Class

A

(

90,752

)

(

3,677,442

)

Brookfield

Renewable

Corp.

(

1,020

)

(

40,650

)

CAE,

Inc.

(

137,469

)

(

3,579,273

)

Cameco

Corp.

(

32,542

)

(

3,538,893

)

Canadian

Imperial

Bank

of

Commerce

(

52,626

)

(

4,987,572

)

Canadian

Tire

Corp.

Ltd.,

Class

A

(

20,767

)

(

2,792,819

)

Canadian

Utilities

Ltd.,

Class

A

(

51,359

)

(

1,803,897

)

Capital

Power

Corp.

(

71,266

)

(

3,375,542

)

Capstone

Copper

Corp.

(

367,174

)

(

2,768,784

)

CGI,

Inc.

(

36,129

)

(

2,641,305

)

Dollarama,

Inc.

(

39,556

)

(

4,854,716

)

Element

Fleet

Management

Corp.

(

19,158

)

(

415,496

)

Emera,

Inc.

(

90,219

)

(

4,676,653

)

Enbridge,

Inc.

(

283,142

)

(

15,348,816

)

Equinox

Gold

Corp.

(

356,085

)

(

5,142,511

)

Fortis,

Inc.

(

85,142

)

(

4,750,105

)

G

Mining

Ventures

Corp.

(

26,401

)

(

926,531

)

Gildan

Activewear,

Inc.

(

81,297

)

(

4,527,409

)

Hudbay

Minerals,

Inc.

(

119,902

)

(

2,510,779

)

Hydro

One

Ltd.

(b)

(

260,377

)

(

10,753,115

)

Keyera

Corp.

(

194,899

)

(

7,539,009

)

92

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Canada

-

(6.3)%

(continued)

National

Bank

of

Canada

(

46,788

)

(

6,054,423

)

NexGen

Energy

Ltd.

(

142,189

)

(

1,649,724

)

Nutrien

Ltd.

(

100,223

)

(

7,565,536

)

Open

Text

Corp.

(

383,457

)

(

8,545,156

)

Pan

American

Silver

Corp.

(

65,863

)

(

3,603,029

)

Pembina

Pipeline

Corp.

(

40,070

)

(

1,793,659

)

RB

Global,

Inc.

(

27,231

)

(

2,611,522

)

Restaurant

Brands

International,

Inc.

(

94,540

)

(

6,995,865

)

Rogers

Communications,

Inc.,

Class

B

(

538,550

)

(

20,711,974

)

Shopify,

Inc.,

Class

A

(

56,662

)

(

6,723,190

)

Triple

Flag

Precious

Metals

Corp.

(

113

)

(

3,923

)

Whitecap

Resources,

Inc.

(

425,106

)

(

4,797,760

)

(211,077,730)

Chile

-

(

0

.1

)

%

Antofagasta

plc

(2)

(

75,809

)

(

3,399,615

)

China

-

(

0

.2

)

%

Prosus

NV

(2)

(

81,580

)

(

3,776,793

)

Yangzijiang

Shipbuilding

Holdings

Ltd.

(2)

(

1,445,924

)

(

4,294,959

)

(8,071,752)

Congo,

Democratic

Republic

of

the

-

(

0

.1

)

%

Ivanhoe

Mines

Ltd.,

Class

A

(

367,004

)

(

3,136,854

)

Denmark

-

(

1

.7

)

%

ALK-Abello

A/S

(2)

(

4,226

)

(

133,608

)

Ambu

A/S,

Class

B

(2)

(

42,839

)

(

457,833

)

Carlsberg

A/S,

Class

B

(

82,116

)

(

10,201,629

)

Coloplast

A/S,

Class

B

(2)

(

36,191

)

(

2,465,292

)

Demant

A/S

(2)

(

150,417

)

(

4,558,167

)

DSV

A/S

(2)

(

63,574

)

(

15,353,646

)

Novo

Nordisk

A/S,

Class

B

(2)

(

111,173

)

(

4,068,320

)

Novonesis

Novozymes,

Class

B

(2)

(

217,871

)

(

12,943,975

)

Tryg

A/S

(

207,417

)

(

4,943,847

)

Zealand

Pharma

A/S

(2)

(

14,406

)

(

670,888

)

(55,797,205)

Finland

-

(

0

.4

)

%

Fortum

OYJ

(2)

(

115,288

)

(

2,948,229

)

Kesko

OYJ,

Class

B

(2)

(

31,851

)

(

707,358

)

Neste

OYJ

(2)

(

35,587

)

(

1,156,490

)

Orion

OYJ,

Class

B

(2)

(

25,462

)

(

2,058,005

)

Stora

Enso

OYJ,

Class

R

(2)

(

178,418

)

(

2,095,145

)

UPM-Kymmene

OYJ

(2)

(

189,070

)

(

5,917,848

)

(14,883,075)

France

-

(

5

.3

)

%

Accor

SA

(2)

(

216,019

)

(

10,360,959

)

Aeroports

de

Paris

SA

(2)

(

20,761

)

(

2,536,312

)

Air

Liquide

SA

(2)

(

38,372

)

(

7,931,435

)

Airbus

SE

(2)

(

45,836

)

(

8,666,349

)

Alstom

SA

(2)

(

107,984

)

(

3,088,151

)

Amundi

SA

(2)(b)

(

2,938

)

(

252,485

)

Arkema

SA

(2)

(

25,489

)

(

1,750,020

)

AXA

SA

(2)

(

230,272

)

(

10,581,358

)

BioMerieux

(2)

(

57,752

)

(

6,169,867

)

Bollore

SE

(2)

(

277,558

)

(

1,587,082

)

INVESTMENTS

SHARES

VALUE

($)

France

-

(5.3)%

(continued)

Bureau

Veritas

SA

(2)

(

276,672

)

(

8,281,183

)

Capgemini

SE

(2)

(

72,521

)

(

8,557,367

)

Cie

de

Saint-Gobain

SA

(2)

(

95,954

)

(

7,944,457

)

Cie

Generale

des

Etablissements

Michelin

SCA

(2)

(

343,956

)

(

11,783,554

)

Dassault

Systemes

SE

(2)

(

282,439

)

(

5,717,765

)

Edenred

SE

(2)

(

138,001

)

(

2,748,831

)

Elis

SA

(2)

(

22,453

)

(

635,834

)

Engie

SA

(2)

(

177,544

)

(

5,721,791

)

EssilorLuxottica

SA

(2)

(

51,329

)

(

11,960,947

)

FDJ

UNITED

(2)

(

193,852

)

(

5,704,856

)

Gaztransport

Et

Technigaz

SA

(2)

(

3,207

)

(

754,266

)

Getlink

SE

(2)

(

138,381

)

(

2,986,103

)

Kering

SA

(2)

(

6,281

)

(

1,907,311

)

L'Oreal

SA

(2)

(

3,287

)

(

1,342,051

)

Pernod

Ricard

SA

(2)

(

142,468

)

(

10,594,188

)

Publicis

Groupe

SA

(2)

(

107,815

)

(

8,923,795

)

Remy

Cointreau

SA

(2)

(

67,799

)

(

2,931,814

)

Sartorius

Stedim

Biotech

(2)

(

12,964

)

(

2,524,897

)

Sodexo

SA

(2)

(

178,005

)

(

9,137,364

)

SPIE

SA

(2)

(

149,734

)

(

7,498,025

)

Technip

Energies

NV

(2)

(

32,126

)

(

1,357,566

)

Teleperformance

SE

(2)

(

56,529

)

(

3,321,806

)

(175,259,789)

Germany

-

(

5

.2

)

%

Aurubis

AG

(2)

(

12,116

)

(

2,154,913

)

Auto1

Group

SE

(2)(i)

(

7

)

(

125

)

BASF

SE

(2)

(

390,773

)

(

24,067,869

)

Bayer

AG

(Registered)

(2)

(

145,064

)

(

6,713,305

)

Bayerische

Motoren

Werke

AG

(2)

(

30,908

)

(

2,859,199

)

Beiersdorf

AG

(2)

(

45,004

)

(

4,045,291

)

Brenntag

SE

(2)

(

21,713

)

(

1,470,801

)

Carl

Zeiss

Meditec

AG

(2)

(

38,460

)

(

1,105,451

)

CTS

Eventim

AG

&

Co.

KGaA

(2)

(

137,033

)

(

8,026,121

)

Deutsche

Post

AG

(2)

(

12

)

(

632

)

Deutsche

Telekom

AG

(Registered)

(2)

(

228,679

)

(

8,535,047

)

E.ON

SE

(2)

(

397,448

)

(

8,704,695

)

Hannover

Rueck

SE

(2)

(

6,974

)

(

2,192,632

)

Heidelberg

Materials

AG

(2)

(

17,151

)

(

3,619,487

)

Hensoldt

AG

(2)

(

97,311

)

(

8,636,388

)

HOCHTIEF

AG

(2)

(

5,137

)

(

2,336,675

)

Infineon

Technologies

AG

(2)

(

535,429

)

(

24,290,344

)

Merck

KGaA

(2)

(

73,570

)

(

9,347,346

)

MTU

Aero

Engines

AG

(2)

(

25,109

)

(

9,160,238

)

Puma

SE

(2)

(

27,390

)

(

710,330

)

RENK

Group

AG

(2)

(

88,001

)

(

5,259,969

)

SAP

SE

(2)

(

54,207

)

(

9,241,353

)

Schaeffler

AG

(2)

(

113,683

)

(

949,560

)

Siemens

AG

(Registered)

(2)

(

27,431

)

(

6,683,127

)

Siemens

Healthineers

AG

(2)(b)

(

67,593

)

(

2,883,927

)

Symrise

AG,

Class

A

(2)

(

47,665

)

(

4,070,199

)

TeamViewer

SE

(2)(b)

(

447,149

)

(

2,317,927

)

Wacker

Chemie

AG

(2)

(

14,916

)

(

1,476,633

)

Zalando

SE

(2)(b)

(

426,233

)

(

10,413,187

)

(171,272,771)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

93

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Italy

-

(

3

.7

)

%

Banca

Monte

dei

Paschi

di

Siena

SpA

(2)

(

1,122,424

)

(

9,793,744

)

BPER

Banca

SpA

(2)

(

1,942,947

)

(

25,462,747

)

Brunello

Cucinelli

SpA

(2)

(

58,672

)

(

5,127,590

)

Coca-Cola

HBC

AG

(2)

(

83,556

)

(

4,706,643

)

Davide

Campari-Milano

NV

(2)

(

91,752

)

(

655,538

)

DiaSorin

SpA

(2)

(

7,373

)

(

516,573

)

ERG

SpA

(2)

(

2,675

)

(

68,296

)

Ferrari

NV

(2)

(

46,957

)

(

15,932,696

)

Generali

(2)

(

328,779

)

(

13,227,275

)

Infrastrutture

Wireless

Italiane

SpA

(2)(b)

(

251,390

)

(

2,006,168

)

Interpump

Group

SpA

(2)

(

11,822

)

(

451,373

)

Italgas

SpA

(2)

(

819,316

)

(

9,544,202

)

Moncler

SpA

(2)

(

128,239

)

(

7,721,085

)

Prysmian

SpA

(2)

(

160,030

)

(

18,898,117

)

Recordati

Industria

Chimica

e

Farmaceutica

SpA

(2)

(

70,929

)

(

4,061,292

)

Technoprobe

SpA

(2)

(

154,197

)

(

2,584,123

)

Terna

-

Rete

Elettrica

Nazionale

(2)

(

239,677

)

(

2,741,285

)

(123,498,747)

Japan

-

(

23

.5

)

%

ABC-Mart,

Inc.

(

7,000

)

(

111,392

)

AGC,

Inc.

(2)

(

44,100

)

(

1,562,354

)

Asics

Corp.

(2)

(

485,300

)

(

13,047,347

)

Azbil

Corp.

(2)

(

418,500

)

(

3,656,676

)

Bridgestone

Corp.

(2)

(

137,300

)

(

2,861,094

)

Capcom

Co.

Ltd.

(2)

(

487,000

)

(

10,291,250

)

Chiba

Bank

Ltd.

(The)

(2)

(

887,500

)

(

11,488,299

)

Chugai

Pharmaceutical

Co.

Ltd.

(2)

(

335,600

)

(

18,507,831

)

Daifuku

Co.

Ltd.

(2)

(

455,600

)

(

16,086,817

)

Daiichi

Life

Group,

Inc.

(2)

(

83,600

)

(

770,959

)

Daikin

Industries

Ltd.

(2)

(

12,900

)

(

1,547,316

)

Daiwa

Securities

Group,

Inc.

(2)

(

549,700

)

(

5,208,622

)

Dentsu

Group,

Inc.

(2)

(

58,900

)

(

1,012,327

)

East

Japan

Railway

Co.

(2)

(

215,300

)

(

4,924,225

)

Ebara

Corp.

(2)

(

409,300

)

(

11,586,520

)

Fuji

Electric

Co.

Ltd.

(2)

(

81,100

)

(

5,681,223

)

FUJIFILM

Holdings

Corp.

(2)

(

79,000

)

(

1,505,396

)

Fujikura

Ltd.

(2)

(

231,000

)

(

6,352,970

)

Hankyu

Hanshin

Holdings,

Inc.

(2)

(

56,200

)

(

1,625,026

)

Hikari

Tsushin,

Inc.

(2)

(

6,400

)

(

1,628,231

)

Hitachi

Construction

Machinery

Co.

Ltd.

(2)

(

71,400

)

(

2,451,678

)

Hoshizaki

Corp.

(2)

(

33,900

)

(

1,091,314

)

Ibiden

Co.

Ltd.

(2)

(

422,300

)

(

21,132,106

)

IHI

Corp.

(2)

(

853,300

)

(

17,606,145

)

Inpex

Corp.

(2)

(

269,300

)

(

7,965,759

)

Isuzu

Motors

Ltd.

(2)

(

734,600

)

(

10,578,804

)

ITOCHU

Corp.

(2)

(

1,003,200

)

(

12,761,197

)

Japan

Post

Insurance

Co.

Ltd.

(2)

(

438,300

)

(

4,420,518

)

Japan

Tobacco,

Inc.

(2)

(

112,500

)

(

4,315,935

)

Kawasaki

Heavy

Industries

Ltd.

(2)

(

641,000

)

(

12,055,379

)

Kawasaki

Kisen

Kaisha

Ltd.

(2)

(

414,600

)

(

7,002,852

)

KDDI

Corp.

(2)

(

991,200

)

(

16,876,895

)

Keisei

Electric

Railway

Co.

Ltd.

(2)

(

436,400

)

(

3,265,128

)

Keyence

Corp.

(2)

(

23,500

)

(

8,363,823

)

Kikkoman

Corp.

(2)

(

464,200

)

(

4,214,363

)

Kokusai

Electric

Corp.

(2)

(

166,100

)

(

5,616,621

)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(23.5)%

(continued)

Komatsu

Ltd.

(2)

(

47,800

)

(

1,903,424

)

Konami

Group

Corp.

(2)

(

44,600

)

(

5,495,976

)

Kubota

Corp.

(2)

(

934,900

)

(

14,981,949

)

Kyocera

Corp.

(2)

(

223,300

)

(

3,423,981

)

Kyowa

Kirin

Co.

Ltd.

(2)

(

168,100

)

(

2,751,133

)

Lasertec

Corp.

(2)

(

72,900

)

(

16,225,614

)

M3,

Inc.

(2)

(

2,057,600

)

(

21,119,963

)

Makita

Corp.

(2)

(

162,600

)

(

5,344,070

)

Marubeni

Corp.

(2)

(

196,900

)

(

7,202,985

)

MEIJI

Holdings

Co.

Ltd.

(2)

(

304,200

)

(

7,418,733

)

Mitsubishi

Corp.

(2)

(

561,200

)

(

19,252,510

)

Mitsubishi

HC

Capital,

Inc.

(2)

(

356,800

)

(

3,201,590

)

Mitsui

Kinzoku

Co.

Ltd.

(2)

(

38,900

)

(

7,378,740

)

Mitsui

OSK

Lines

Ltd.

(2)

(

132,400

)

(

5,502,650

)

MonotaRO

Co.

Ltd.

(2)

(

498,100

)

(

5,399,165

)

MS&AD

Insurance

Group

Holdings,

Inc.

(2)

(

30,200

)

(

788,086

)

NIDEC

Corp.

(2)

(

487,600

)

(

6,191,651

)

Nintendo

Co.

Ltd.

(2)

(

74,000

)

(

4,224,338

)

Nippon

Paint

Holdings

Co.

Ltd.

(2)

(

1,463,100

)

(

9,174,433

)

Nippon

Sanso

Holdings

Corp.

(2)

(

657,400

)

(

23,310,353

)

Nissan

Chemical

Corp.

(2)

(

75,800

)

(

2,947,578

)

Nissin

Foods

Holdings

Co.

Ltd.

(2)

(

413,800

)

(

7,853,804

)

Nitori

Holdings

Co.

Ltd.

(2)

(

665,700

)

(

10,576,317

)

Nitto

Denko

Corp.

(2)

(

326,200

)

(

6,525,379

)

Nomura

Research

Institute

Ltd.

(2)

(

523,700

)

(

14,332,435

)

Olympus

Corp.

(2)

(

1,857,600

)

(

17,697,967

)

Ono

Pharmaceutical

Co.

Ltd.

(2)

(

118,200

)

(

1,897,111

)

Open

House

Group

Co.

Ltd.

(2)

(

1,000

)

(

64,092

)

Oriental

Land

Co.

Ltd.

(2)

(

933,700

)

(

15,891,383

)

Osaka

Gas

Co.

Ltd.

(2)

(

144,400

)

(

5,848,853

)

Otsuka

Holdings

Co.

Ltd.

(2)

(

61,200

)

(

4,343,418

)

Rakuten

Bank

Ltd.

(2)

(

172,400

)

(

6,302,891

)

Resonac

Holdings

Corp.

(2)

(

207,200

)

(

13,485,359

)

Ricoh

Co.

Ltd.

(2)

(

164,800

)

(

1,393,137

)

Ryohin

Keikaku

Co.

Ltd.

(2)

(

920,500

)

(

19,643,109

)

Sanrio

Co.

Ltd.

(2)

(

2,015,500

)

(

12,530,877

)

SCREEN

Holdings

Co.

Ltd.

(2)

(

728,600

)

(

43,407,488

)

Secom

Co.

Ltd.

(2)

(

86,100

)

(

3,279,619

)

Seibu

Holdings,

Inc.

(2)

(

118,500

)

(

3,310,744

)

Sekisui

House

Ltd.

(2)

(

568,900

)

(

12,747,385

)

SG

Holdings

Co.

Ltd.

(

594,200

)

(

5,535,583

)

Shimadzu

Corp.

(2)

(

29,900

)

(

710,510

)

Shimano,

Inc.

(2)

(

21,600

)

(

2,255,102

)

Shin-Etsu

Chemical

Co.

Ltd.

(2)

(

61,400

)

(

2,500,135

)

SMC

Corp.

(2)

(

6,400

)

(

2,517,109

)

SoftBank

Group

Corp.

(2)

(

416,800

)

(

10,148,976

)

Sompo

Holdings,

Inc.

(2)

(

96,000

)

(

3,737,111

)

Sumitomo

Electric

Industries

Ltd.

(2)

(

39,600

)

(

2,250,076

)

Sumitomo

Forestry

Co.

Ltd.

(2)

(

330,600

)

(

3,008,016

)

Suntory

Beverage

&

Food

Ltd.

(2)

(

129,100

)

(

3,645,797

)

Suzuki

Motor

Corp.

(2)

(

945,900

)

(

11,529,314

)

Sysmex

Corp.

(2)

(

174,600

)

(

1,522,667

)

T&D

Holdings,

Inc.

(2)

(

247,400

)

(

6,337,036

)

Taisei

Corp.

(2)

(

16,800

)

(

1,740,509

)

Takeda

Pharmaceutical

Co.

Ltd.

(2)

(

370,000

)

(

13,626,321

)

Toho

Co.

Ltd.

(

844,300

)

(

8,868,329

)

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(2)

(

376,000

)

(

1,549,344

)

94

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(23.5)%

(continued)

TOPPAN

Holdings,

Inc.

(2)

(

169,100

)

(

4,459,959

)

Toray

Industries,

Inc.

(2)

(

889,200

)

(

6,333,438

)

Toyo

Suisan

Kaisha

Ltd.

(2)

(

20,500

)

(

1,441,678

)

Toyota

Industries

Corp.

(2)

(

154,597

)

(

19,992,476

)

Trend

Micro,

Inc.

(2)

(

38,800

)

(

1,293,459

)

Unicharm

Corp.

(

632,300

)

(

3,707,225

)

West

Japan

Railway

Co.

(

63,100

)

(

1,243,671

)

Yakult

Honsha

Co.

Ltd.

(2)

(

409,100

)

(

6,845,594

)

Yamaha

Motor

Co.

Ltd.

(2)

(

2,209,300

)

(

15,960,861

)

Zensho

Holdings

Co.

Ltd.

(2)

(

25,000

)

(

1,459,570

)

ZOZO,

Inc.

(2)

(

334,600

)

(

2,343,176

)

(780,107,724)

Kazakhstan

-

(

0

.1

)

%

Freedom

Holding

Corp.

(

13,692

)

(

1,983,697

)

Luxembourg

-

(

0

.7

)

%

ArcelorMittal

SA

(2)

(

353,521

)

(

18,334,129

)

CVC

Capital

Partners

plc

(2)(b)

(

260,137

)

(

3,396,165

)

Eurofins

Scientific

SE

(2)

(

17,162

)

(

1,252,294

)

(22,982,588)

Mexico

-

(

0

.3

)

%

Fresnillo

plc

(2)

(

197,797

)

(

8,767,553

)

Netherlands

-

(

1

.3

)

%

Adyen

NV

(2)(b)

(

9,922

)

(

9,930,438

)

Akzo

Nobel

NV

(2)

(

20,555

)

(

1,181,611

)

Arcadis

NV

(2)

(

74,700

)

(

2,389,789

)

EXOR

NV

(2)

(

24,221

)

(

1,854,064

)

IMCD

NV

(2)

(

9,746

)

(

1,019,879

)

Koninklijke

Philips

NV

(2)

(

366,357

)

(

10,020,683

)

NXP

Semiconductors

NV

(

17,234

)

(

3,392,685

)

Randstad

NV

(2)

(

36,381

)

(

949,538

)

Universal

Music

Group

NV

(2)

(

722,024

)

(

14,015,079

)

(44,753,766)

New

Zealand

-

(

0

.0

)

%

†

Xero

Ltd.

(2)

(

30,301

)

(

1,601,403

)

Norway

-

(

0

.5

)

%

Aker

BP

ASA

(2)

(

46,739

)

(

1,727,891

)

DNB

Bank

ASA

(2)

(

251,359

)

(

7,864,687

)

Norsk

Hydro

ASA

(2)

(

139,845

)

(

1,490,523

)

Orkla

ASA

(2)

(

380,809

)

(

4,792,342

)

Salmar

ASA

(

30,898

)

(

1,802,907

)

(17,678,350)

Portugal

-

(

0

.1

)

%

Galp

Energia

SGPS

SA

(2)

(

52,623

)

(

1,261,773

)

Jeronimo

Martins

SGPS

SA

(2)

(

104,890

)

(

2,508,062

)

(3,769,835)

Singapore

-

(

1

.0

)

%

CapitaLand

Investment

Ltd.

(2)

(

401,400

)

(

854,420

)

Grab

Holdings

Ltd.,

Class

A

(

3,671,574

)

(

13,437,960

)

Singapore

Technologies

Engineering

Ltd.

(2)

(

632,600

)

(

5,369,025

)

STMicroelectronics

NV

(2)

(

374,497

)

(

12,743,613

)

(32,405,018)

INVESTMENTS

SHARES

VALUE

($)

South

Korea

-

(

0

.0

)

%

†

Delivery

Hero

SE

(2)(b)

(

80,615

)

(

1,497,920

)

Spain

-

(

1

.5

)

%

Acciona

SA

(2)

(

38,734

)

(

10,185,588

)

Amadeus

IT

Group

SA

(2)

(

122,487

)

(

7,003,901

)

Cellnex

Telecom

SA

(2)(b)

(

57,509

)

(

1,849,187

)

Endesa

SA

(

220,560

)

(

9,198,029

)

Indra

Sistemas

SA

(2)

(

267,269

)

(

14,937,778

)

Redeia

Corp.

SA

(2)

(

39,570

)

(

670,725

)

Telefonica

SA

(2)

(

1,028,556

)

(

4,500,480

)

(48,345,688)

Sweden

-

(

2

.6

)

%

AAK

AB

(2)

(

142,202

)

(

3,662,086

)

AddTech

AB,

Class

B

(2)

(

88,597

)

(

3,040,201

)

Atlas

Copco

AB,

Class

A

(2)

(

1,507,127

)

(

26,596,009

)

Beijer

Ref

AB,

Class

B

(2)

(

88,283

)

(

1,223,878

)

Elekta

AB,

Class

B

(2)

(

230,574

)

(

1,363,820

)

Embracer

Group

AB

(2)

(

57,866

)

(

298,291

)

EQT

AB

(2)

(

159,370

)

(

4,944,884

)

H

&

M

Hennes

&

Mauritz

AB,

Class

B

(2)

(

257,651

)

(

4,820,355

)

Hexagon

AB,

Class

B

(2)

(

1,050,791

)

(

10,226,421

)

Holmen

AB,

Class

B

(2)

(

35,863

)

(

1,286,045

)

Husqvarna

AB,

Class

B

(2)

(

136,047

)

(

538,759

)

Indutrade

AB

(2)

(

56,579

)

(

1,297,292

)

Lifco

AB,

Class

B

(2)

(

198,381

)

(

6,001,501

)

Nibe

Industrier

AB,

Class

B

(2)

(

376,556

)

(

1,573,416

)

Nordnet

AB

publ

(2)

(

43,709

)

(

1,423,351

)

Sandvik

AB

(2)

(

91,601

)

(

3,521,312

)

Securitas

AB,

Class

B

(2)

(

71,622

)

(

1,199,520

)

SSAB

AB,

Class

B

(2)

(

733,996

)

(

5,786,164

)

Svenska

Cellulosa

AB

SCA,

Class

B

(2)

(

539,495

)

(

6,255,102

)

Trelleborg

AB,

Class

B

(2)

(

28,447

)

(

1,063,905

)

(86,122,312)

Switzerland

-

(

5

.0

)

%

Bachem

Holding

AG,

Class

B

(2)

(

36,899

)

(

3,044,751

)

Banque

Cantonale

Vaudoise

(Registered)

(2)

(

8,648

)

(

1,406,556

)

Barry

Callebaut

AG

(Registered)

(2)

(

5,406

)

(

9,506,968

)

Belimo

Holding

AG

(Registered)

(2)

(

2,775

)

(

2,253,713

)

Cie

Financiere

Richemont

SA

(Registered)

(2)

(

87,404

)

(

15,432,587

)

Clariant

AG

(Registered)

(2)

(

110,566

)

(

1,084,761

)

EMS-Chemie

Holding

AG

(Registered)

(2)

(

2,165

)

(

1,702,316

)

Galderma

Group

AG

(2)

(

9,463

)

(

1,859,799

)

Galenica

AG

(2)(b)

(

12

)

(

1,366

)

Georg

Fischer

AG

(Registered)

(2)

(

73,168

)

(

3,774,679

)

Helvetia

Baloise

Holding

AG

(2)

(

23,740

)

(

6,144,155

)

Julius

Baer

Group

Ltd.

(2)

(

66,771

)

(

4,911,274

)

Logitech

International

SA

(Registered)

(2)

(

22,805

)

(

2,117,776

)

Lonza

Group

AG

(Registered)

(2)

(

10,664

)

(

6,841,154

)

Partners

Group

Holding

AG

(2)

(

29,312

)

(

31,593,672

)

Sandoz

Group

AG

(2)

(

111,323

)

(

8,722,256

)

SIG

Group

AG

(2)

(

318,256

)

(

4,770,766

)

Straumann

Holding

AG

(Registered)

(2)

(

111,845

)

(

11,701,574

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

95

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Switzerland

-

(5.0)%

(continued)

Swatch

Group

AG

(The)

(2)

(

21,538

)

(

4,754,762

)

Swiss

Life

Holding

AG

(Registered)

(2)

(

8,447

)

(

9,200,587

)

Swisscom

AG

(Registered)

(2)

(

26,276

)

(

22,049,860

)

Tecan

Group

AG

(Registered)

(2)

(

12,348

)

(

2,101,772

)

Temenos

AG

(Registered)

(2)

(

6,006

)

(

526,404

)

VAT

Group

AG

(2)(b)

(

17,608

)

(

10,984,606

)

Ypsomed

Holding

AG

(Registered)

(2)

(

1,934

)

(

677,995

)

(167,166,109)

Thailand

-

(

0

.0

)

%

†

Fabrinet

(

2,553

)

(

1,331,441

)

United

Kingdom

-

(

6

.3

)

%

Associated

British

Foods

plc

(2)

(

560,575

)

(

14,032,511

)

AstraZeneca

plc

(2)

(

49,929

)

(

9,763,117

)

Autotrader

Group

plc

(2)(b)

(

482,000

)

(

3,016,878

)

Aviva

plc

(2)

(

84,846

)

(

680,922

)

B&M

European

Value

Retail

plc

(2)

(

1,350,318

)

(

3,032,204

)

Babcock

International

Group

plc

(2)

(

409,487

)

(

6,357,127

)

BAE

Systems

plc

(2)

(

53,886

)

(

1,579,857

)

Barratt

Redrow

plc

(2)

(

406,872

)

(

1,415,135

)

Berkeley

Group

Holdings

plc

(2)

(

46,772

)

(

2,142,576

)

BT

Group

plc

(2)

(

5,632,857

)

(

15,786,460

)

Bunzl

plc

(2)

(

286,543

)

(

8,626,504

)

Convatec

Group

plc

(2)(b)

(

314,886

)

(

908,269

)

Croda

International

plc

(2)

(

29,405

)

(

1,104,238

)

DCC

plc

(2)

(

48,563

)

(

3,007,853

)

Diageo

plc

(2)

(

299,629

)

(

5,572,265

)

Halma

plc

(2)

(

61,918

)

(

3,159,723

)

Harbour

Energy

plc

(2)

(

106,462

)

(

423,340

)

Hikma

Pharmaceuticals

plc

(2)

(

49,442

)

(

830,420

)

HSBC

Holdings

plc

(2)

(

204,872

)

(

3,364,530

)

Informa

plc

(2)

(

103,010

)

(

1,034,603

)

Investec

plc

(2)

(

17,859

)

(

137,650

)

J

Sainsbury

plc

(

2,145,822

)

(

9,628,312

)

JD

Sports

Fashion

plc

(2)

(

1,932,484

)

(

1,832,882

)

Legal

&

General

Group

plc

(2)

(

695,942

)

(

2,287,098

)

M&G

plc

(2)

(

278,062

)

(

1,010,042

)

Marks

&

Spencer

Group

plc

(2)

(

1,141,588

)

(

5,143,680

)

Melrose

Industries

plc

(2)

(

107,547

)

(

728,760

)

National

Grid

plc

(2)

(

1,022,620

)

(

17,261,921

)

RELX

plc

(2)

(

57,618

)

(

1,887,702

)

Rentokil

Initial

plc

(2)

(

325,054

)

(

2,017,262

)

Rotork

plc

(2)

(

150,156

)

(

624,369

)

RS

GROUP

plc

(2)

(

83,949

)

(

628,606

)

Sage

Group

plc

(The)

(2)

(

58,276

)

(

653,005

)

Severn

Trent

plc

(2)

(

41,376

)

(

1,696,980

)

Smith

&

Nephew

plc

(2)

(

719,780

)

(

11,404,204

)

Spirax

Group

plc

(2)

(

18,851

)

(

1,691,196

)

SSE

plc

(2)

(

1,045,563

)

(

36,143,652

)

St

James's

Place

plc

(2)

(

87,780

)

(

1,385,048

)

Standard

Chartered

plc

(2)

(

620,968

)

(

12,940,881

)

Tate

&

Lyle

plc

(

386,504

)

(

1,851,908

)

Taylor

Wimpey

plc

(2)

(

1,621,351

)

(

1,925,712

)

Weir

Group

plc

(The)

(2)

(

146,162

)

(

5,481,474

)

Wise

plc,

Class

A

(2)

(

302,672

)

(

3,644,832

)

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

(6.3)%

(continued)

WPP

plc

(2)

(

278,432

)

(

870,788

)

(208,716,496)

United

States

-

(

108

.9

)

%

A

O

Smith

Corp.

(

184,276

)

(

12,151,159

)

AAON,

Inc.

(

42,313

)

(

3,501,401

)

Abbott

Laboratories

(

83,737

)

(

8,597,278

)

AbbVie,

Inc.

(

136,520

)

(

29,691,734

)

Acadia

Healthcare

Co.,

Inc.

(

1,001,751

)

(

23,430,956

)

Accenture

plc,

Class

A

(

6,261

)

(

1,241,494

)

Advanced

Micro

Devices,

Inc.

(

19,657

)

(

3,998,824

)

AECOM

(

16,154

)

(

1,370,182

)

AeroVironment,

Inc.

(

31,580

)

(

5,780,719

)

AES

Corp.

(The)

(

158,249

)

(

2,229,728

)

Affirm

Holdings,

Inc.,

Class

A

(

22,954

)

(

1,051,752

)

Aflac,

Inc.

(

33,094

)

(

3,630,743

)

Agree

Realty

Corp.,

REIT

(

17,242

)

(

1,299,702

)

Air

Lease

Corp.,

Class

A

(

37,918

)

(

2,462,395

)

Air

Products

and

Chemicals,

Inc.

(

74,071

)

(

21,516,885

)

Alaska

Air

Group,

Inc.

(

35,196

)

(

1,294,509

)

Albertsons

Cos.,

Inc.,

Class

A

(

417,820

)

(

7,119,653

)

Align

Technology,

Inc.

(

26,176

)

(

4,487,352

)

Alliant

Energy

Corp.

(

250,339

)

(

17,964,327

)

Allison

Transmission

Holdings,

Inc.

(

14,830

)

(

1,736,000

)

Allstate

Corp.

(The)

(

5,524

)

(

1,145,346

)

Alphabet,

Inc.,

Class

A

(

30,482

)

(

8,765,404

)

Altria

Group,

Inc.

(

47,297

)

(

3,121,129

)

Amcor

plc

(

149,609

)

(

5,946,958

)

Amentum

Holdings,

Inc.

(

94,229

)

(

2,457,492

)

American

Healthcare

REIT,

Inc.,

REIT

(

147,538

)

(

6,957,892

)

Americold

Realty

Trust,

Inc.,

REIT

(

1,103,124

)

(

12,641,801

)

Amgen,

Inc.

(

60,202

)

(

21,182,074

)

Amkor

Technology,

Inc.

(

25,838

)

(

1,163,485

)

Apellis

Pharmaceuticals,

Inc.

(

449,632

)

(

18,088,695

)

API

Group

Corp.

(

96,320

)

(

3,902,886

)

Apollo

Global

Management,

Inc.

(

91,698

)

(

10,216,991

)

Appfolio,

Inc.,

Class

A

(

28,004

)

(

4,419,591

)

Apple,

Inc.

(

116,846

)

(

29,654,345

)

Applied

Materials,

Inc.

(

10,707

)

(

3,659,546

)

AppLovin

Corp.,

Class

A

(

25,454

)

(

10,130,692

)

Archer-Daniels-Midland

Co.

(

151,377

)

(

11,003,594

)

Arrowhead

Pharmaceuticals,

Inc.

(

142,027

)

(

8,905,093

)

Arthur

J

Gallagher

&

Co.

(

107,408

)

(

23,262,425

)

Ashland,

Inc.

(

83,676

)

(

4,653,222

)

Associated

Banc-Corp.

(

358,461

)

(

9,269,801

)

Assurant,

Inc.

(

6,730

)

(

1,465,861

)

AST

SpaceMobile,

Inc.

(

125,385

)

(

10,390,655

)

Astera

Labs,

Inc.

(

136,962

)

(

15,011,035

)

AT&T,

Inc.

(

430,908

)

(

12,492,023

)

Automatic

Data

Processing,

Inc.

(

32,905

)

(

6,685,638

)

AvalonBay

Communities,

Inc.,

REIT

(

59,068

)

(

9,648,758

)

Avery

Dennison

Corp.

(

18,616

)

(

3,214,611

)

Avient

Corp.

(

143,344

)

(

5,203,387

)

Avis

Budget

Group,

Inc.

(

217,570

)

(

31,732,584

)

Axon

Enterprise,

Inc.

(

14,002

)

(

5,946,509

)

Baker

Hughes

Co.,

Class

A

(

141,362

)

(

8,630,150

)

Bank

OZK

(

179,166

)

(

8,221,928

)

Baxter

International,

Inc.

(

459,254

)

(

7,715,467

)

Becton

Dickinson

&

Co.

(

28,069

)

(

4,413,289

)

96

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(108.9)%

(continued)

Belden,

Inc.

(

46,281

)

(

5,314,447

)

Bentley

Systems,

Inc.,

Class

B

(

657,216

)

(

23,081,426

)

BILL

Holdings,

Inc.

(

154,104

)

(

5,902,183

)

Bio-Rad

Laboratories,

Inc.,

Class

A

(

35,154

)

(

9,799,178

)

Bio-Techne

Corp.

(

166,358

)

(

8,693,869

)

Black

Hills

Corp.

(

98,145

)

(

6,812,244

)

Blackstone,

Inc.

(

31,271

)

(

3,595,852

)

Block,

Inc.,

Class

A

(

136,313

)

(

8,203,316

)

Bloom

Energy

Corp.,

Class

A

(

20,520

)

(

2,780,255

)

BOK

Financial

Corp.

(

27,111

)

(

3,471,835

)

Booz

Allen

Hamilton

Holding

Corp.,

Class

A

(

59,564

)

(

4,647,779

)

Brixmor

Property

Group,

Inc.,

REIT

(

217,525

)

(

6,264,720

)

Brown

&

Brown,

Inc.

(

217,113

)

(

14,157,939

)

Brown-Forman

Corp.,

Class

B

(

182,108

)

(

4,814,936

)

Builders

FirstSource,

Inc.

(

80,214

)

(

6,604,019

)

Bunge

Global

SA

(

68,853

)

(

8,758,102

)

Buzzi

SpA

(2)

(

36,723

)

(

1,856,605

)

BWX

Technologies,

Inc.

(

7,316

)

(

1,496,049

)

BXP,

Inc.,

REIT

(

81,426

)

(

4,226,009

)

Cabot

Corp.

(

99,932

)

(

7,525,879

)

Cadence

Design

Systems,

Inc.

(

59,172

)

(

16,442,124

)

Campbell's

Co.

(The)

(

326,195

)

(

7,264,363

)

Carlisle

Cos.,

Inc.

(

6,451

)

(

2,152,183

)

Carvana

Co.,

Class

A

(

39,677

)

(

12,473,655

)

Casey's

General

Stores,

Inc.

(

3,440

)

(

2,503,838

)

Caterpillar,

Inc.

(

6,662

)

(

4,719,761

)

Cava

Group,

Inc.

(

248,767

)

(

20,125,250

)

Cboe

Global

Markets,

Inc.

(

21,001

)

(

5,902,751

)

CBRE

Group,

Inc.,

Class

A

(

38,258

)

(

5,182,429

)

Celanese

Corp.,

Class

A

(

157,622

)

(

10,366,799

)

Cencora,

Inc.

(

51,524

)

(

16,185,749

)

CenterPoint

Energy,

Inc.

(

468,399

)

(

20,216,101

)

Certara,

Inc.

(

817,497

)

(

4,659,733

)

CF

Industries

Holdings,

Inc.

(

79,430

)

(

10,313,191

)

CH

Robinson

Worldwide,

Inc.

(

3,879

)

(

644,186

)

Charles

River

Laboratories

International,

Inc.

(

49,342

)

(

8,511,495

)

Charles

Schwab

Corp.

(The)

(

143,538

)

(

13,489,701

)

Charter

Communications,

Inc.,

Class

A

(

14,529

)

(

3,136,521

)

Chevron

Corp.

(

42,623

)

(

8,818,699

)

Choice

Hotels

International,

Inc.

(

270,563

)

(

28,003,271

)

Church

&

Dwight

Co.,

Inc.

(

60,740

)

(

5,668,257

)

Churchill

Downs,

Inc.

(

85,832

)

(

7,710,289

)

Cintas

Corp.

(

8,681

)

(

1,468,304

)

Cirrus

Logic,

Inc.

(

33,977

)

(

4,913,754

)

Cisco

Systems,

Inc.

(

240,430

)

(

18,654,964

)

Clarivate

plc

(

1,984,803

)

(

5,021,552

)

Clearway

Energy,

Inc.,

Class

C

(

350,754

)

(

13,781,125

)

Cleveland-Cliffs,

Inc.

(

830,490

)

(

7,017,641

)

CME

Group,

Inc.

(

21,783

)

(

6,433,609

)

Coca-Cola

Co.

(The)

(

209,939

)

(

15,965,861

)

Cognex

Corp.

(

114,686

)

(

5,618,467

)

Cognizant

Technology

Solutions

Corp.,

Class

A

(

26,878

)

(

1,648,965

)

Coherent

Corp.

(

16,217

)

(

3,863,052

)

Coinbase

Global,

Inc.,

Class

A

(

106,933

)

(

18,671,571

)

Colgate-Palmolive

Co.

(

152,338

)

(

12,983,768

)

Comcast

Corp.,

Class

A

(

177,085

)

(

5,084,110

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(108.9)%

(continued)

Conagra

Brands,

Inc.

(

245,570

)

(

3,860,360

)

Constellation

Brands,

Inc.,

Class

A

(

85,245

)

(

12,786,750

)

Constellation

Energy

Corp.

(

15,580

)

(

4,350,715

)

Corcept

Therapeutics,

Inc.

(

91,117

)

(

3,672,926

)

Coty,

Inc.,

Class

A

(

975,780

)

(

1,961,318

)

Cousins

Properties,

Inc.,

REIT

(

84,458

)

(

1,906,217

)

Crane

NXT

Co.

(

195,772

)

(

7,946,385

)

Credit

Acceptance

Corp.

(

11,651

)

(

4,933,732

)

CRH

plc

(

42,779

)

(

4,496,928

)

Crocs,

Inc.

(

45,150

)

(

3,748,353

)

Crowdstrike

Holdings,

Inc.,

Class

A

(

3,070

)

(

1,198,559

)

Crown

Castle,

Inc.,

REIT

(

72,204

)

(

5,870,907

)

CSX

Corp.

(

357,064

)

(

14,657,477

)

CubeSmart,

REIT

(

252,465

)

(

9,252,842

)

CVS

Health

Corp.

(

111,013

)

(

7,972,954

)

Cytokinetics,

Inc.

(

142,727

)

(

9,407,137

)

Deere

&

Co.

(

34,714

)

(

19,554,396

)

Dell

Technologies,

Inc.,

Class

C

(

36,254

)

(

5,950,369

)

DENTSPLY

SIRONA,

Inc.

(

854,129

)

(

9,907,896

)

Devon

Energy

Corp.

(

206,723

)

(

10,402,301

)

Dexcom,

Inc.

(

23,415

)

(

1,470,462

)

Diamondback

Energy,

Inc.

(

81,399

)

(

16,099,908

)

Dick's

Sporting

Goods,

Inc.

(

63,659

)

(

12,622,943

)

Digital

Realty

Trust,

Inc.,

REIT

(

120,581

)

(

21,729,902

)

Dillard's,

Inc.,

Class

A

(

3,906

)

(

2,234,662

)

Dominion

Energy,

Inc.

(

322,601

)

(

19,943,194

)

DoorDash,

Inc.,

Class

A

(

3,976

)

(

596,996

)

Doximity,

Inc.,

Class

A

(

91,913

)

(

2,141,573

)

Dropbox,

Inc.,

Class

A

(

484,006

)

(

10,996,616

)

DT

Midstream,

Inc.

(

87,824

)

(

11,827,258

)

Duke

Energy

Corp.

(

173,463

)

(

22,713,245

)

Duolingo,

Inc.,

Class

A

(

6,829

)

(

673,135

)

Dutch

Bros,

Inc.,

Class

A

(

236,924

)

(

12,002,570

)

DXC

Technology

Co.

(

267,929

)

(

3,367,868

)

Dycom

Industries,

Inc.

(

18,006

)

(

6,100,793

)

EastGroup

Properties,

Inc.,

REIT

(

34,627

)

(

6,409,111

)

Eastman

Chemical

Co.

(

114,131

)

(

8,710,478

)

Eaton

Corp.

plc

(

6,161

)

(

2,203,605

)

eBay,

Inc.

(

138,131

)

(

12,572,684

)

EchoStar

Corp.,

Class

A

(

64,929

)

(

7,601,238

)

Elanco

Animal

Health,

Inc.

(

272,889

)

(

6,530,234

)

Element

Solutions,

Inc.

(

289,027

)

(

9,867,382

)

Eli

Lilly

&

Co.

(

696

)

(

640,160

)

Emerson

Electric

Co.

(

82,563

)

(

10,817,404

)

Enphase

Energy,

Inc.

(

228,271

)

(

8,630,927

)

Entegris,

Inc.

(

75,865

)

(

8,894,413

)

Entergy

Corp.

(

175,618

)

(

19,732,438

)

Envista

Holdings

Corp.

(

28,546

)

(

724,212

)

Equitable

Holdings,

Inc.

(

118,690

)

(

4,404,586

)

Equity

LifeStyle

Properties,

Inc.,

REIT

(

251,507

)

(

15,699,067

)

Equity

Residential,

REIT

(

58,672

)

(

3,470,449

)

Erie

Indemnity

Co.,

Class

A

(

19,844

)

(

4,986,996

)

Essex

Property

Trust,

Inc.,

REIT

(

17,872

)

(

4,325,024

)

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

(

22,224

)

(

1,595,016

)

Etsy,

Inc.

(

66,978

)

(

3,347,560

)

Euronet

Worldwide,

Inc.

(

9,903

)

(

657,262

)

Evergy,

Inc.

(

272,441

)

(

22,318,367

)

Exelon

Corp.

(

456,684

)

(

22,386,650

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

97

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(108.9)%

(continued)

Expeditors

International

of

Washington,

Inc.

(

57,197

)

(

8,192,326

)

Exponent,

Inc.

(

24,597

)

(

1,604,954

)

F5,

Inc.

(

54,491

)

(

15,765,881

)

Fair

Isaac

Corp.

(

1,483

)

(

1,583,162

)

Fastenal

Co.

(

147,393

)

(

6,839,035

)

Ferguson

Enterprises,

Inc.

(

15,838

)

(

3,694,372

)

Ferrovial

SE

(2)

(

15,299

)

(

995,298

)

Fifth

Third

Bancorp

(

398,274

)

(

18,503,810

)

First

American

Financial

Corp.

(

31,336

)

(

1,889,247

)

First

Citizens

BancShares,

Inc.,

Class

A

(

1,901

)

(

3,582,739

)

Fiserv,

Inc.

(

11,349

)

(

633,274

)

Flagstar

Bank

NA

(

977,481

)

(

12,873,425

)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(

317,657

)

(

16,136,976

)

Flowers

Foods,

Inc.

(

109,086

)

(

889,051

)

Flowserve

Corp.

(

21,742

)

(

1,598,254

)

Flutter

Entertainment

plc

(

76,055

)

(

7,753,807

)

FNB

Corp.

(

141,423

)

(

2,364,593

)

Fortive

Corp.

(

176,120

)

(

9,735,914

)

Fortune

Brands

Innovations,

Inc.

(

129,956

)

(

5,064,385

)

Franklin

Resources,

Inc.

(

264,772

)

(

6,253,915

)

Freshpet,

Inc.

(

25,283

)

(

1,490,686

)

Gaming

and

Leisure

Properties,

Inc.,

REIT

(

47,880

)

(

2,124,436

)

GATX

Corp.

(

36,544

)

(

6,239,523

)

GCI

Liberty,

Inc.,

Class

C

(

58,422

)

(

2,173,883

)

GE

HealthCare

Technologies,

Inc.

(

134,136

)

(

9,547,800

)

Gen

Digital,

Inc.

(

425,717

)

(

8,016,251

)

Generac

Holdings,

Inc.

(

22,574

)

(

4,409,379

)

Gentex

Corp.

(

158,557

)

(

3,464,470

)

Genuine

Parts

Co.

(

11,047

)

(

1,168,220

)

Gilead

Sciences,

Inc.

(

83,530

)

(

11,641,576

)

Glacier

Bancorp,

Inc.

(

19,135

)

(

854,760

)

Globant

SA

(

104,360

)

(

4,812,040

)

Globe

Life,

Inc.

(

27,213

)

(

3,787,233

)

Graco,

Inc.

(

25,119

)

(

2,126,323

)

Guidewire

Software,

Inc.

(

9,789

)

(

1,464,043

)

Haleon

plc

(2)

(

3,431,408

)

(

16,982,022

)

Hamilton

Lane,

Inc.,

Class

A

(

46,753

)

(

4,647,248

)

Hancock

Whitney

Corp.

(

221,822

)

(

14,105,661

)

Harley-Davidson,

Inc.

(

596,304

)

(

12,057,267

)

HCA

Healthcare,

Inc.

(

10,774

)

(

5,098,688

)

Healthcare

Realty

Trust,

Inc.,

REIT

(

245,172

)

(

4,165,472

)

Healthpeak

Properties,

Inc.,

REIT

(

411,598

)

(

6,762,555

)

Hecla

Mining

Co.

(

161,887

)

(

3,015,955

)

HEICO

Corp.

(

13,454

)

(

3,689,087

)

Hershey

Co.

(The)

(

62,805

)

(

13,056,531

)

Hexcel

Corp.

(

96,696

)

(

7,825,607

)

Highwoods

Properties,

Inc.,

REIT

(

48,825

)

(

1,045,343

)

Hilton

Worldwide

Holdings,

Inc.

(

21,735

)

(

6,609,179

)

Hims

&

Hers

Health,

Inc.

(

458,496

)

(

9,518,377

)

Home

BancShares,

Inc.

(

150,727

)

(

4,059,078

)

Home

Depot,

Inc.

(The)

(

91,653

)

(

30,143,754

)

Hormel

Foods

Corp.

(

494,531

)

(

11,201,127

)

Howard

Hughes

Holdings,

Inc.

(

14,886

)

(

941,688

)

Howmet

Aerospace,

Inc.

(

26,207

)

(

6,039,665

)

Humana,

Inc.

(

22,669

)

(

3,930,578

)

Huntington

Bancshares,

Inc.

(

750,916

)

(

11,751,835

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(108.9)%

(continued)

Hyatt

Hotels

Corp.,

Class

A

(

200,619

)

(

28,847,005

)

IAC,

Inc.

(

95,702

)

(

3,830,951

)

IDACORP,

Inc.

(

41,021

)

(

5,864,772

)

IDEX

Corp.

(

20,190

)

(

3,827,015

)

IDEXX

Laboratories,

Inc.

(

21,201

)

(

11,912,630

)

Independence

Realty

Trust,

Inc.,

REIT

(

465,125

)

(

6,925,711

)

Ingersoll

Rand,

Inc.

(

268,470

)

(

21,509,816

)

Ingram

Micro

Holding

Corp.

(

5,660

)

(

131,935

)

Inspire

Medical

Systems,

Inc.

(

14,939

)

(

770,554

)

International

Bancshares

Corp.

(

13,789

)

(

927,862

)

Intuitive

Surgical,

Inc.

(

5,832

)

(

2,688,494

)

Ionis

Pharmaceuticals,

Inc.

(

9,685

)

(

727,247

)

IonQ,

Inc.

(

211,485

)

(

6,097,113

)

IPG

Photonics

Corp.

(

24,733

)

(

2,834,154

)

Iridium

Communications,

Inc.

(

115,221

)

(

3,196,231

)

Jack

Henry

&

Associates,

Inc.

(

52,588

)

(

8,311,008

)

James

Hardie

Industries

plc,

ADR

(

364,575

)

(

6,905,051

)

James

Hardie

Industries

plc,

CHESS

(2)

(

318,374

)

(

5,871,057

)

Johnson

&

Johnson

(

56,038

)

(

13,697,929

)

JPMorgan

Chase

&

Co.

(

50,119

)

(

14,743,005

)

KB

Home

(

19,563

)

(

1,012,385

)

KBR,

Inc.

(

27,446

)

(

1,011,660

)

Kemper

Corp.

(

25,411

)

(

776,560

)

Kilroy

Realty

Corp.,

REIT

(

267,592

)

(

7,548,770

)

Kimberly-Clark

Corp.

(

21,562

)

(

2,080,086

)

Kimco

Realty

Corp.,

REIT

(

136,883

)

(

3,075,761

)

Kinsale

Capital

Group,

Inc.

(

2,335

)

(

797,776

)

Kite

Realty

Group

Trust,

REIT

(

287,579

)

(

7,060,064

)

KLA

Corp.

(

6,746

)

(

9,932,878

)

Knife

River

Corp.

(

44,776

)

(

3,655,960

)

Kraft

Heinz

Co.

(The)

(

439,471

)

(

9,883,703

)

Kratos

Defense

&

Security

Solutions,

Inc.

(

56,422

)

(

3,978,315

)

Kroger

Co.

(The)

(

51,367

)

(

3,716,916

)

L3Harris

Technologies,

Inc.

(

7,365

)

(

2,542,030

)

Labcorp

Holdings,

Inc.

(

44,304

)

(

11,820,750

)

Lantheus

Holdings,

Inc.

(

87,823

)

(

6,661,375

)

Lattice

Semiconductor

Corp.

(

90,201

)

(

8,367,045

)

Leidos

Holdings,

Inc.

(

32,700

)

(

5,085,504

)

Lennar

Corp.,

Class

A

(

17,306

)

(

1,502,853

)

Lennox

International,

Inc.

(

25,042

)

(

11,622,743

)

Liberty

Media

Corp-Liberty

Formula

One,

Class

A

(

38,212

)

(

2,983,593

)

Lincoln

National

Corp.

(

93,853

)

(

3,331,782

)

Lithia

Motors,

Inc.,

Class

A

(

12,116

)

(

3,025,608

)

Live

Nation

Entertainment,

Inc.

(

68,944

)

(

10,514,649

)

Loar

Holdings,

Inc.

(

135,489

)

(

7,762,165

)

Loews

Corp.

(

29,774

)

(

3,178,077

)

Lowe's

Cos.,

Inc.

(

58,053

)

(

13,716,763

)

LPL

Financial

Holdings,

Inc.

(

52,350

)

(

15,748,451

)

Lululemon

Athletica,

Inc.

(

14,718

)

(

2,253,326

)

M&T

Bank

Corp.

(

92,687

)

(

19,160,257

)

MACOM

Technology

Solutions

Holdings,

Inc.

(

33,899

)

(

7,527,951

)

Madison

Square

Garden

Sports

Corp.,

Class

A

(

4

)

(

1,286

)

Marathon

Petroleum

Corp.

(

22,336

)

(

5,454,004

)

Marriott

International,

Inc.,

Class

A

(

22,048

)

(

7,211,239

)

98

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(108.9)%

(continued)

Martin

Marietta

Materials,

Inc.

(

8,573

)

(

5,046,754

)

Marvell

Technology,

Inc.

(

109,985

)

(

10,894,014

)

Masco

Corp.

(

21,883

)

(

1,321,077

)

MasTec,

Inc.

(

12,907

)

(

4,152,698

)

Mastercard,

Inc.,

Class

A

(

15,633

)

(

7,811,185

)

Maximus,

Inc.

(

72,474

)

(

4,645,583

)

McDonald's

Corp.

(

30,323

)

(

9,424,085

)

MDU

Resources

Group,

Inc.

(

726,872

)

(

15,060,788

)

Medical

Properties

Trust,

Inc.,

REIT

(

64,003

)

(

296,334

)

Medtronic

plc

(

118,333

)

(

10,253,554

)

Meta

Platforms,

Inc.,

Class

A

(

24,478

)

(

14,004,598

)

Mettler-Toledo

International,

Inc.

(

512

)

(

645,734

)

Mid-America

Apartment

Communities,

Inc.,

REIT

(

32,930

)

(

4,021,412

)

Moderna,

Inc.

(

71,124

)

(

3,613,099

)

Molson

Coors

Beverage

Co.,

Class

B

(

70,827

)

(

3,049,811

)

Mondelez

International,

Inc.,

Class

A

(

455,641

)

(

26,263,147

)

Monolithic

Power

Systems,

Inc.

(

12,337

)

(

13,488,659

)

Monster

Beverage

Corp.

(

295,200

)

(

21,390,192

)

Moody's

Corp.

(

16,039

)

(

6,997,014

)

Motorola

Solutions,

Inc.

(

15,026

)

(

6,520,833

)

MP

Materials

Corp.

(

20,782

)

(

1,002,939

)

MSA

Safety,

Inc.

(

23,136

)

(

3,793,147

)

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

(

31,148

)

(

2,874,026

)

Murphy

Oil

Corp.

(

260,455

)

(

10,743,769

)

Murphy

USA,

Inc.

(

2,627

)

(

1,297,659

)

National

Storage

Affiliates

Trust,

REIT

(

161,599

)

(

6,098,746

)

nCino,

Inc.

(

83,392

)

(

1,249,212

)

NetApp,

Inc.

(

105,594

)

(

10,811,770

)

Netflix,

Inc.

(

142,435

)

(

13,695,125

)

New

Jersey

Resources

Corp.

(

51,155

)

(

2,809,433

)

Nexstar

Media

Group,

Inc.,

Class

A

(

14,322

)

(

2,589,847

)

NextEra

Energy,

Inc.

(

80,098

)

(

7,439,502

)

Nextpower,

Inc.,

Class

A

(

90,879

)

(

10,955,463

)

NIKE,

Inc.,

Class

B

(

115,028

)

(

6,075,779

)

NiSource,

Inc.

(

132,968

)

(

6,204,287

)

Nordson

Corp.

(

3,146

)

(

837,025

)

Northrop

Grumman

Corp.

(

6,655

)

(

4,540,307

)

Norwegian

Cruise

Line

Holdings

Ltd.

(

502,640

)

(

9,399,368

)

NRG

Energy,

Inc.

(

19,343

)

(

2,826,786

)

Oklo,

Inc.

(

191,546

)

(

9,498,766

)

Okta,

Inc.,

Class

A

(

81,962

)

(

6,451,229

)

Old

Dominion

Freight

Line,

Inc.

(

6,084

)

(

1,188,814

)

Old

National

Bancorp

(

185,641

)

(

4,102,666

)

Olin

Corp.

(

348,411

)

(

10,358,259

)

ONE

Gas,

Inc.

(

82,641

)

(

7,117,869

)

ONEOK,

Inc.

(

109,098

)

(

9,861,368

)

Option

Care

Health,

Inc.

(

426,309

)

(

11,476,238

)

Oracle

Corp.

(

4,672

)

(

687,298

)

Organon

&

Co.

(

81,651

)

(

489,089

)

Ormat

Technologies,

Inc.

(

65,310

)

(

7,309,495

)

Packaging

Corp.

of

America

(

14,500

)

(

3,077,190

)

Palo

Alto

Networks,

Inc.

(

120,660

)

(

19,344,211

)

Park

Hotels

&

Resorts,

Inc.,

REIT

(

149,320

)

(

1,572,340

)

Parker-Hannifin

Corp.

(

14,960

)

(

13,392,790

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(108.9)%

(continued)

Parsons

Corp.

(

65,766

)

(

3,562,544

)

Paychex,

Inc.

(

125,707

)

(

11,580,129

)

Paycom

Software,

Inc.

(

52,077

)

(

6,329,439

)

PayPal

Holdings,

Inc.

(

61,718

)

(

2,791,505

)

Pegasystems,

Inc.

(

15,074

)

(

641,549

)

Performance

Food

Group

Co.

(

101,781

)

(

8,718,560

)

Perrigo

Co.

plc

(

450,138

)

(

4,834,482

)

Plug

Power,

Inc.

(

408,914

)

(

924,146

)

Pool

Corp.

(

18,883

)

(

3,820,597

)

Post

Holdings,

Inc.

(

27,250

)

(

2,693,935

)

Power

Integrations,

Inc.

(

80,843

)

(

4,139,162

)

PPG

Industries,

Inc.

(

71,577

)

(

7,650,150

)

PPL

Corp.

(

319,792

)

(

12,216,054

)

Primerica,

Inc.

(

5,725

)

(

1,433,998

)

PTC,

Inc.

(

58,531

)

(

8,340,082

)

Public

Service

Enterprise

Group,

Inc.

(

63,844

)

(

5,168,172

)

Public

Storage,

REIT

(

25,830

)

(

6,996,830

)

PulteGroup,

Inc.

(

35,629

)

(

4,190,327

)

PVH

Corp.

(

67,304

)

(

4,695,127

)

QIAGEN

NV

(2)

(

95,988

)

(

3,888,449

)

Qnity

Electronics,

Inc.

(

49,474

)

(

5,708,310

)

Qualys,

Inc.

(

19,692

)

(

1,729,942

)

Quanta

Services,

Inc.

(

27,783

)

(

15,253,423

)

QuantumScape

Corp.

(

1,345,246

)

(

8,582,669

)

Quest

Diagnostics,

Inc.

(

71,841

)

(

14,079,399

)

QXO,

Inc.

(

983,763

)

(

19,104,677

)

Ralliant

Corp.

(

63,476

)

(

2,639,967

)

Range

Resources

Corp.

(

187,544

)

(

8,473,238

)

Rayonier,

Inc.,

REIT

(

561,821

)

(

11,584,749

)

Realty

Income

Corp.,

REIT

(

201,985

)

(

12,357,442

)

Reddit,

Inc.,

Class

A

(

25,642

)

(

3,452,695

)

Regal

Rexnord

Corp.

(

25,624

)

(

4,798,350

)

Regions

Financial

Corp.

(

76,199

)

(

1,990,318

)

Reliance,

Inc.

(

4,055

)

(

1,232,396

)

Repligen

Corp.

(

56,496

)

(

6,656,359

)

ResMed,

Inc.

(

17,139

)

(

3,847,363

)

Revolution

Medicines,

Inc.

(

31,060

)

(

3,020,585

)

Revvity,

Inc.

(

74,310

)

(

6,510,299

)

Rexford

Industrial

Realty,

Inc.,

REIT

(

113,677

)

(

3,720,648

)

RH

(

69,877

)

(

9,770,202

)

RingCentral,

Inc.,

Class

A

(

240,339

)

(

8,938,207

)

Rivian

Automotive,

Inc.,

Class

A

(

495,632

)

(

7,459,262

)

RLI

Corp.

(

59,290

)

(

3,381,902

)

Robinhood

Markets,

Inc.,

Class

A

(

186,222

)

(

12,905,185

)

Rockwell

Automation,

Inc.

(

8,113

)

(

2,911,593

)

Rollins,

Inc.

(

135,068

)

(

7,213,982

)

RPM

International,

Inc.

(

18,746

)

(

1,863,352

)

Ryan

Specialty

Holdings,

Inc.,

Class

A

(

213,819

)

(

7,214,253

)

Sabra

Health

Care

REIT,

Inc.,

REIT

(

312,917

)

(

6,017,394

)

Saia,

Inc.

(

3,252

)

(

1,142,363

)

Samsara,

Inc.,

Class

A

(

249,357

)

(

7,902,123

)

Sandisk

Corp.

(

1,552

)

(

986,048

)

SBA

Communications

Corp.,

REIT

(

3,810

)

(

655,739

)

Schneider

Electric

SE

(2)

(

9,549

)

(

2,600,972

)

Schneider

National,

Inc.,

Class

B

(

60,580

)

(

1,596,889

)

Scotts

Miracle-Gro

Co.

(The)

(

71,817

)

(

4,367,192

)

SEI

Investments

Co.

(

42,071

)

(

3,301,311

)

Sensata

Technologies

Holding

plc

(

272,528

)

(

9,598,436

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

99

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(108.9)%

(continued)

Service

Corp.

International

(

27,120

)

(

2,237,671

)

SharkNinja,

Inc.

(

14,605

)

(

1,546,670

)

Shell

plc

(2)

(

242,653

)

(

11,238,484

)

Sherwin-Williams

Co.

(The)

(

22,855

)

(

7,326,170

)

Shift4

Payments,

Inc.,

Class

A

(

261,885

)

(

11,452,231

)

Silgan

Holdings,

Inc.

(

176,583

)

(

6,851,420

)

Sirius

XM

Holdings,

Inc.

(

47,154

)

(

1,088,314

)

SLB

Ltd.

(

445,373

)

(

22,887,718

)

SLM

Corp.

(

108,681

)

(

2,326,860

)

Snap-on,

Inc.

(

5,298

)

(

1,924,340

)

SoFi

Technologies,

Inc.

(

558,476

)

(

8,868,599

)

Solventum

Corp.

(

19,689

)

(

1,285,692

)

Somnigroup

International,

Inc.

(

98,008

)

(

7,244,751

)

Sonoco

Products

Co.

(

38,229

)

(

2,067,807

)

Southern

Co.

(The)

(

80,603

)

(

7,779,802

)

Southwest

Gas

Holdings,

Inc.

(

86,947

)

(

7,555,694

)

Spire,

Inc.

(

92,645

)

(

8,388,078

)

STAG

Industrial,

Inc.,

REIT

(

90,826

)

(

3,275,186

)

StandardAero,

Inc.

(

355,109

)

(

9,172,465

)

Starbucks

Corp.

(

181,056

)

(

16,220,807

)

State

Street

Corp.

(

6,955

)

(

880,225

)

Steel

Dynamics,

Inc.

(

48,315

)

(

8,696,700

)

Stellantis

NV

(2)

(

247,759

)

(

1,790,699

)

Strategy,

Inc.,

Class

A

(

45,614

)

(

5,692,627

)

Summit

Therapeutics,

Inc.

(

300,393

)

(

5,695,451

)

Sun

Communities,

Inc.,

REIT

(

39,907

)

(

5,026,686

)

Super

Micro

Computer,

Inc.

(

221,445

)

(

5,042,303

)

Swiss

Re

AG

(2)

(

80,404

)

(

13,506,041

)

Synaptics,

Inc.

(

45,727

)

(

3,202,719

)

Synopsys,

Inc.

(

13,391

)

(

5,309,264

)

T.

Rowe

Price

Group,

Inc.

(

65,986

)

(

5,947,978

)

Talen

Energy

Corp.

(

17,703

)

(

5,651,329

)

Targa

Resources

Corp.

(

42,261

)

(

10,596,101

)

Target

Corp.

(

23,436

)

(

2,840,443

)

Teleflex,

Inc.

(

2,569

)

(

307,278

)

Tempus

AI,

Inc.,

Class

A

(

162,184

)

(

7,333,960

)

Tenaris

SA

(2)

(

208,727

)

(

6,101,573

)

Teradata

Corp.

(

164,085

)

(

4,205,499

)

Terex

Corp.

(

314,030

)

(

18,559,173

)

Tesla,

Inc.

(

18,227

)

(

6,775,887

)

Tetra

Tech,

Inc.

(

21,394

)

(

644,387

)

Texas

Instruments,

Inc.

(

20,825

)

(

4,042,966

)

Texas

Pacific

Land

Corp.

(

1,284

)

(

609,335

)

TFS

Financial

Corp.

(

49,340

)

(

693,227

)

Thermo

Fisher

Scientific,

Inc.

(

7,419

)

(

3,646,661

)

Thor

Industries,

Inc.

(

45,095

)

(

3,602,640

)

Timken

Co.

(The)

(

51,253

)

(

5,154,514

)

Toast,

Inc.,

Class

A

(

143,113

)

(

3,793,926

)

Toll

Brothers,

Inc.

(

39,401

)

(

5,377,054

)

TopBuild

Corp.

(

41,914

)

(

14,724,388

)

TPG,

Inc.

(

233,409

)

(

9,455,399

)

Tractor

Supply

Co.

(

93,002

)

(

4,212,991

)

Trane

Technologies

plc

(

17,900

)

(

7,459,646

)

TransDigm

Group,

Inc.

(

7,019

)

(

8,134,740

)

Trimble,

Inc.

(

50,654

)

(

3,304,160

)

Twilio,

Inc.,

Class

A

(

126,582

)

(

15,926,547

)

Tyler

Technologies,

Inc.

(

13,104

)

(

4,486,548

)

UDR,

Inc.,

REIT

(

276,882

)

(

9,353,074

)

UFP

Industries,

Inc.

(

17,431

)

(

1,605,744

)

UGI

Corp.

(

154,266

)

(

5,618,368

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(108.9)%

(continued)

UiPath,

Inc.,

Class

A

(

125,815

)

(

1,396,547

)

UL

Solutions,

Inc.,

Class

A

(

563

)

(

48,255

)

Under

Armour,

Inc.,

Class

A

(

2,003,441

)

(

11,840,336

)

United

Bankshares,

Inc.

(

19,332

)

(

800,731

)

United

Rentals,

Inc.

(

2,243

)

(

1,634,160

)

Unity

Software,

Inc.

(

468,698

)

(

10,283,234

)

Vail

Resorts,

Inc.

(

35,811

)

(

4,595,268

)

Valero

Energy

Corp.

(

23,101

)

(

5,707,795

)

Valley

National

Bancorp

(

947,856

)

(

11,639,672

)

Valvoline,

Inc.

(

158,541

)

(

5,339,661

)

Verisk

Analytics,

Inc.,

Class

A

(

5,394

)

(

1,023,512

)

Vertex

Pharmaceuticals,

Inc.

(

1,685

)

(

752,420

)

Viking

Therapeutics,

Inc.

(

161,389

)

(

5,251,598

)

Virtu

Financial,

Inc.,

Class

A

(

7,169

)

(

315,293

)

Visa,

Inc.,

Class

A

(

50,325

)

(

15,210,228

)

Visteon

Corp.

(

34,876

)

(

3,177,552

)

Vistra

Corp.

(

45,525

)

(

6,843,773

)

Vontier

Corp.

(

151,405

)

(

5,370,335

)

Vornado

Realty

Trust,

REIT

(

93,731

)

(

2,436,069

)

Voya

Financial,

Inc.

(

19,846

)

(

1,355,879

)

Vulcan

Materials

Co.

(

41,345

)

(

11,258,244

)

W

R

Berkley

Corp.

(

90,784

)

(

6,017,164

)

Waste

Management,

Inc.

(

34,995

)

(

8,041,501

)

Waters

Corp.

(

28,406

)

(

8,459,307

)

Watsco,

Inc.

(

19,961

)

(

7,261,612

)

Wayfair,

Inc.,

Class

A

(

35,506

)

(

2,670,406

)

Weatherford

International

plc

(

32,893

)

(

3,111,020

)

WEC

Energy

Group,

Inc.

(

18,497

)

(

2,141,398

)

Welltower,

Inc.,

REIT

(

174,861

)

(

34,571,767

)

Western

Union

Co.

(The)

(

1,341,086

)

(

11,707,681

)

Westlake

Corp.

(

64,459

)

(

7,530,100

)

Weyerhaeuser

Co.,

REIT

(

222,607

)

(

5,438,289

)

Whirlpool

Corp.

(

41,865

)

(

2,257,361

)

White

Mountains

Insurance

Group

Ltd.

(

3,382

)

(

7,430,119

)

Williams

Cos.,

Inc.

(The)

(

271,746

)

(

19,777,674

)

Willis

Towers

Watson

plc

(

12,939

)

(

3,761,367

)

WillScot

Holdings

Corp.

(

781,001

)

(

13,558,177

)

Wingstop,

Inc.

(

7,119

)

(

1,103,231

)

Wintrust

Financial

Corp.

(

17,757

)

(

2,467,158

)

WP

Carey,

Inc.,

REIT

(

232,536

)

(

15,803,147

)

WW

Grainger,

Inc.

(

9,696

)

(

10,576,494

)

Wyndham

Hotels

&

Resorts,

Inc.

(

93,117

)

(

7,563,894

)

Wynn

Resorts

Ltd.

(

84,085

)

(

8,538,832

)

Xcel

Energy,

Inc.

(

205,289

)

(

16,308,158

)

XPO,

Inc.

(

43,735

)

(

8,508,644

)

YETI

Holdings,

Inc.

(

350,163

)

(

12,812,464

)

Yum!

Brands,

Inc.

(

153,952

)

(

23,936,457

)

Zillow

Group,

Inc.,

Class

C

(

107,286

)

(

4,439,495

)

Zimmer

Biomet

Holdings,

Inc.

(

53,062

)

(

4,797,866

)

ZoomInfo

Technologies,

Inc.,

Class

A

(

315,274

)

(

1,885,339

)

(3,617,689,922)

TOTAL

COMMON

STOCKS

(Proceeds

$(6,410,444,226))                                                    

(6,050,421,285)

100

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

PREFERRED

STOCKS

-

(0.8)%

Germany

-

(

0

.8

)

%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(b)

(

346,620

)

(

15,790,042

)

Henkel

AG

&

Co.

KGaA

(Preference)

(2)

(

31,819

)

(

2,457,992

)

Sartorius

AG

(Preference)

(2)

(

27,876

)

(

6,975,041

)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(30,095,162))                                                    

(25,223,075)

TOTAL

SHORT

POSITIONS

(Proceeds

$(6,440,539,388))

(6,075,644,360)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

65.3%

(Cost

$1,262,038,008)

2,171,093,618

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

34.7%

‡

1,153,738,151

NET

ASSETS

-

100.0%

3,324,831,769

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(

25,112,017

)

(

0

.7

)

%

Consumer

Discretionary

154,184,676

4

.6

Consumer

Staples

18,191,148

0

.6

Energy

64,197,985

2

.0

Financials

419,259,437

12

.6

Health

Care

(

102,355,198

)

(

3

.1

)

Industrials

270,991,843

8

.1

Information

Technology

51,207,346

1

.5

Materials

(

92,816,362

)

(

2

.8

)

Real

Estate

(

175,163,622

)

(

5

.3

)

Utilities

(

212,867,457

)

(

6

.4

)

Investment

Companies

807,623,324

24

.3

U.S.

Treasury

Obligations

993,752,515

29

.9

Total

Investments

In

Securities

At

Value

2,171,093,618

65

.3

Other

Assets

in

Excess

of

Liabilities

‡

1,153,738,151

34

.7

Net

Assets

$

3,324,831,769

100

.0

%

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

EQUITY

MARKET

NEUTRAL

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

101

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange

and

swap

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$6,346,840,883,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

In

addition,

$1,177,339,147

of

cash

collateral

was

also

pledged.

(b)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$59,969,774

of

investments

in

securities

and

$(76,001,680)

of

securities

sold

short,

which

represents

1.80%

and

(2.29)%

of

net

assets

of

the

Fund,

respectively.

(c)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$745,970,823.

(d)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(e)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(f)

For

the

period

ended

March

31,

2026,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

(g)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(h)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

(i)

Security

exempt

from

registration

pursuant

to

Regulation

S

under

the

Securities

Act

of

1933.

Regulation

S

applies

to

securities

offerings

that

are

made

outside

of

the

United

States

and

do

not

involve

direct

selling

efforts

in

the

United

States.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$(125)

of

securities

sold

short,

which

represents

(0.00)%

of

net

assets

of

the

Fund.

Affiliate

Value

At

12/31/2025

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2026

Shares

Held

At

3/31/2026

Distributions

Received**

SHORT-TERM

INVESTMENTS

-

24.0%

INVESTMENT

COMPANIES

-

24.0%

Limited

Purpose

Cash

Investment

Fund,

3.65%

(a)

(Cost

$797,661,905)

$1,544,776,217

$1,479,953,667

$(2,226,987,447)

$21,215

$(21,215)

$797,742,437

797,742,437

$10,420,313

**  

Distributions

received

include

dividend

income

and

capital

gains

distributions,

if

any,

from

the

underlying

fund.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2026.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

JPY

1,355,000,000

USD

8,567,447

CITI

6/17/2026

$

25,620

JPY

1,355,000,000

USD

8,567,430

JPMC

6/17/2026

25,637

USD

6,441,447

CAD

8,701,500

CITI

6/17/2026

165,354

USD

6,441,459

CAD

8,701,500

JPMC

6/17/2026

165,367

USD

66,966

DKK

421,500

CITI

6/17/2026

1,490

USD

66,966

DKK

421,500

JPMC

6/17/2026

1,490

USD

123,983,279

EUR

104,980,000

CITI

6/17/2026

2,215,249

USD

123,983,584

EUR

104,980,000

JPMC

6/17/2026

2,215,554

USD

8,141,326

GBP

6,057,000

CITI

6/17/2026

126,133

USD

8,141,342

GBP

6,057,000

JPMC

6/17/2026

126,149

USD

2,034,869

HKD

15,848,500

CITI

6/17/2026

5,557

USD

2,034,873

HKD

15,848,500

JPMC

6/17/2026

5,561

USD

40,957,696

JPY

6,370,000,000

CITI

6/17/2026

560,768

USD

40,957,778

JPY

6,370,000,000

JPMC

6/17/2026

560,849

USD

1,807,127

SGD

2,275,000

CITI

6/17/2026

28,118

USD

1,807,131

SGD

2,275,000

JPMC

6/17/2026

28,122

Total

unrealized

appreciation

6,257,018

AUD

9,510,500

USD

6,731,142

CITI

6/17/2026

(

176,777

)

AUD

9,510,500

USD

6,731,129

JPMC

6/17/2026

(

176,764

)

102

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

EQUITY

MARKET

NEUTRAL

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

EUR

15,456,500

USD

18,066,826

CITI

6/17/2026

$

(

138,578

)

EUR

15,456,500

USD

18,066,790

JPMC

6/17/2026

(

138,542

)

GBP

5,438,000

USD

7,318,960

CITI

6/17/2026

(

122,886

)

GBP

5,438,000

USD

7,318,946

JPMC

6/17/2026

(

122,872

)

NOK

500,000

USD

52,093

CITI

6/17/2026

(

490

)

NOK

500,000

USD

52,092

JPMC

6/17/2026

(

487

)

SEK

2,500,000

USD

275,969

CITI

6/17/2026

(

10,858

)

SEK

2,500,000

USD

275,969

JPMC

6/17/2026

(

10,857

)

Total

unrealized

depreciation

(

899,111

)

Net

unrealized

appreciation

$

5,357,907

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

short

equity

positions

and

pays

or

receives

the

HONIX

plus

or

minus

a

specified

spread

(-0.30%),

which

is

denominated

in

HKD

based

on

the

local

currencies

of

the

positions

within

the

swap.

24

months

maturity

06/22/2027

$340

$21

$–

$21

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2026

103

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

255.1%

COMMON

STOCKS

-

203.1%

Australia

-

5

.2

%

AGL

Energy

Ltd.

(2)(a)

2,254,789

15,435,954

ANZ

Group

Holdings

Ltd.

(2)(a)

472,663

11,885,229

Aristocrat

Leisure

Ltd.

(2)(a)

726,357

23,087,449

Aurizon

Holdings

Ltd.

(2)(a)

1,568,817

4,330,744

BHP

Group

Ltd.

(2)(a)

1,491,027

53,949,118

Computershare

Ltd.

(2)(a)

119,672

2,360,227

Harvey

Norman

Holdings

Ltd.

(2)(a)

2,084,338

7,160,543

IGO

Ltd.

(2)*(a)

3,204,768

17,891,728

JB

Hi-Fi

Ltd.

(2)(a)

341,939

17,301,743

Mineral

Resources

Ltd.

(2)*(a)

58,996

2,266,205

Northern

Star

Resources

Ltd.

(2)(a)

2,182,876

31,732,019

OceanaGold

Corp.

(a)

259,272

8,174,588

Orica

Ltd.

(2)(a)

1,266,005

17,793,153

Origin

Energy

Ltd.

(2)(a)

676,691

5,823,033

Pro

Medicus

Ltd.

(2)(a)

301,628

24,859,251

Qantas

Airways

Ltd.

(2)(a)

2,179,330

12,801,933

QBE

Insurance

Group

Ltd.

(2)(a)

2,203,323

32,513,910

Qube

Holdings

Ltd.

(2)(a)

32

108

SEEK

Ltd.

(2)(a)

689,399

6,774,469

South32

Ltd.

(2)(a)

14,645,319

44,346,113

Suncorp

Group

Ltd.

(2)(a)

501,398

5,627,027

Technology

One

Ltd.

(2)(a)

1,165,308

22,120,277

Telstra

Group

Ltd.

(2)(a)

3,723,168

13,744,482

Transurban

Group

(2)(a)

179,010

1,746,214

Wesfarmers

Ltd.

(2)(a)

347,671

17,750,682

Whitehaven

Coal

Ltd.

(2)(a)

581,965

3,755,094

Worley

Ltd.

(2)(a)

1,797,266

14,117,994

Yancoal

Australia

Ltd.

(2)(a)

303,016

1,747,637

421,096,924

Belgium

-

0

.7

%

Ageas

SA/NV

(2)(a)

243,428

17,919,460

KBC

Group

NV

(2)(a)

184,547

22,587,076

Liberty

Global

Ltd.,

Class

A

*(a)(b)

880,051

10,639,817

Umicore

SA

(2)(a)

129,372

2,468,123

53,614,476

Burkina

Faso

-

0

.1

%

IAMGOLD

Corp.

*(a)

403,699

7,591,665

Canada

-

6

.1

%

Agnico

Eagle

Mines

Ltd.

(a)

10,380

2,106,966

Alamos

Gold,

Inc.,

Class

A

(a)

402,427

17,903,966

ARC

Resources

Ltd.

(a)

1,301,404

27,083,349

Aritzia,

Inc.

*(a)

100,117

8,169,996

Bank

of

Nova

Scotia

(The)

(a)

348,758

24,185,669

Barrick

Mining

Corp.

(a)

375,809

15,358,164

Canadian

National

Railway

Co.

(a)

260,358

26,797,540

Canadian

Natural

Resources

Ltd.

(a)

897,304

43,771,872

Canadian

Pacific

Kansas

City

Ltd.

(a)

254,164

20,000,958

CCL

Industries,

Inc.,

Class

B

(a)

113,716

7,124,927

Celestica,

Inc.

*(a)

76,853

21,679,717

Cenovus

Energy,

Inc.

(a)

332,633

8,828,129

Constellation

Software,

Inc.

(a)

5,845

10,260,536

Descartes

Systems

Group,

Inc.

(The)

*(a)

164,590

11,789,050

INVESTMENTS

SHARES

VALUE

($)

Canada

-

6.1%

(continued)

DPM

Metals,

Inc.

(a)

102,385

3,604,929

Empire

Co.

Ltd.,

Class

A

(a)

335,728

12,025,970

Fairfax

Financial

Holdings

Ltd.

(a)

10,993

18,731,168

Finning

International,

Inc.

(a)

45,694

2,827,503

First

Majestic

Silver

Corp.

(a)

94,595

2,027,764

George

Weston

Ltd.

(a)

186,071

13,145,754

iA

Financial

Corp.,

Inc.

(a)

9,146

1,014,995

Intact

Financial

Corp.

(a)

52,853

9,577,445

Kinross

Gold

Corp.

(a)

246,897

7,548,364

Lundin

Gold,

Inc.

(a)

301,108

23,011,136

Magna

International,

Inc.

(a)

245,046

13,685,302

Manulife

Financial

Corp.

(a)

265,513

9,146,275

Metro,

Inc.,

Class

A

(a)

1

68

Onex

Corp.

(a)

39,916

2,912,999

OR

Royalties,

Inc.

(a)

22,346

850,886

Pan

American

Silver

Corp.

(a)

47,180

2,580,978

Quebecor,

Inc.,

Class

B

(a)

144,743

6,146,193

Stantec,

Inc.

(a)

23,711

2,049,806

Suncor

Energy,

Inc.

(a)

950,426

62,862,984

TFI

International,

Inc.

(a)

152,086

16,554,426

Thomson

Reuters

Corp.

(a)

110,561

9,979,181

TMX

Group

Ltd.

(a)

48,525

1,720,752

Tourmaline

Oil

Corp.

(a)

397,992

19,048,456

WSP

Global,

Inc.

(a)

46,561

7,246,392

493,360,565

China

-

0

.1

%

Wilmar

International

Ltd.

(2)

2,733,300

8,211,859

Denmark

-

2

.0

%

AL

Sydbank

(2)(a)

4,631

372,203

Danske

Bank

A/S

(2)(a)

836,472

41,223,506

Genmab

A/S

(2)*(a)

66,433

17,891,836

ISS

A/S

(2)(a)

869,404

31,666,990

Jyske

Bank

A/S

(Registered)

(2)(a)

64,706

8,879,116

Orsted

A/S

(2)*(a)(c)

548,918

13,612,635

Pandora

A/S

(2)(a)

467,513

33,414,986

ROCKWOOL

A/S,

Class

B

(2)(a)

71,016

1,972,450

Royal

Unibrew

A/S

(a)

102,413

8,308,423

Zealand

Pharma

A/S

(2)*(a)

106,843

4,975,680

162,317,825

Finland

-

1

.4

%

Elisa

OYJ

(2)(a)

305,516

14,881,815

Fortum

OYJ

(2)(a)

325,978

8,336,149

Konecranes

OYJ

(2)(a)

99,675

3,271,404

Nordea

Bank

Abp

(2)(a)

2,306,051

39,708,267

Sampo

OYJ,

Class

A

(a)

310,996

3,307,794

Wartsila

OYJ

Abp

(2)(a)

1,271,079

47,345,144

116,850,573

France

-

8

.4

%

Air

France-KLM

(2)*(a)

678,431

6,876,128

BNP

Paribas

SA

(2)(a)

469,017

44,680,258

Bouygues

SA

(2)(a)

253,717

14,704,611

Carrefour

SA

(2)(a)

4,204,521

77,850,306

Credit

Agricole

SA

(2)(a)

2,142,791

39,993,800

Danone

SA

(2)(a)

21,877

1,748,128

Dassault

Aviation

SA

(2)(a)

26,348

9,806,796

Eiffage

SA

(2)(a)

152,982

23,462,485

104

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

France

-

8.4%

(continued)

Forvia

SE

(2)*(a)

2

23

Hermes

International

SCA

(2)(a)

27,385

51,876,819

Ipsen

SA

(2)(a)

42,358

7,916,018

Legrand

SA

(2)(a)

110,492

17,165,443

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(2)(a)

55,511

30,345,067

Orange

SA

(2)(a)

1,934,742

39,668,129

Renault

SA

(2)(a)

490,401

16,812,863

Safran

SA

(2)(a)

146,537

47,951,202

SCOR

SE

(2)(a)

220,258

7,872,100

SEB

SA

(2)(a)

39,452

2,038,372

Societe

Generale

SA

(2)(a)

530,798

38,757,228

Thales

SA

(2)(a)

225,011

65,983,391

TotalEnergies

SE

(2)(a)

940,892

86,349,551

Valeo

SE

(2)(a)

1,388,808

17,007,142

Vinci

SA

(2)(a)

185,735

27,878,686

Vivendi

SE

(2)(a)

2,422,775

5,026,138

681,770,684

Germany

-

7

.2

%

adidas

AG

(2)(a)

455,893

73,789,353

Allianz

SE

(Registered)

(2)(a)

142,542

60,198,141

Bechtle

AG

(2)(a)

196,202

6,766,155

Continental

AG

(2)(a)

85,040

5,936,401

Daimler

Truck

Holding

AG

(2)(a)

262,285

12,916,437

Deutsche

Bank

AG

(Registered)

(2)(a)

1,813,071

53,957,150

Deutsche

Lufthansa

AG

(Registered)

(2)(a)

2,403,420

20,467,006

Deutsche

Telekom

AG

(Registered)

(2)(a)

447,815

16,713,919

Evonik

Industries

AG

(2)(a)

155,835

3,057,899

Fraport

AG

Frankfurt

Airport

Services

Worldwide

(2)*(a)

46,735

4,071,368

Freenet

AG

(2)(a)

99,554

3,065,360

Fresenius

Medical

Care

AG

(2)(a)

670,874

30,402,359

Hannover

Rueck

SE

(2)(a)

22,176

6,972,156

HUGO

BOSS

AG

(2)(a)

233,820

10,121,119

KION

Group

AG

(2)(a)

68,938

3,683,501

Knorr-Bremse

AG

(2)(a)

30,401

3,473,369

LANXESS

AG

(2)(a)

348,069

7,695,474

Mercedes-Benz

Group

AG

(2)(a)

631,756

38,829,552

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

(Registered)

(2)(a)

23,798

15,029,420

Nemetschek

SE

(2)(a)

118,864

8,898,159

Nordex

SE

(2)*(a)

335,551

18,184,336

Rational

AG

(2)(a)

4,921

3,610,294

Rheinmetall

AG

(2)(a)

21,239

35,825,653

RWE

AG

(2)(a)

696,532

46,861,870

Scout24

SE

(2)(a)(c)

186,944

14,424,293

Siemens

Energy

AG

(2)(a)

436,996

75,359,773

Talanx

AG

(2)(a)

26,565

3,296,374

583,606,891

Hong

Kong

-

0

.4

%

CLP

Holdings

Ltd.

(2)(a)

275,500

2,593,802

HKT

Trust

&

HKT

Ltd.

(2)(a)

627,000

979,810

Prudential

plc

(2)(a)

1,195,921

16,627,028

Techtronic

Industries

Co.

Ltd.

(2)(a)

916,000

12,164,696

INVESTMENTS

SHARES

VALUE

($)

Hong

Kong

-

0.4%

(continued)

WH

Group

Ltd.

(2)(a)(c)

1,474,500

1,938,137

Wharf

Real

Estate

Investment

Co.

Ltd.

(2)(a)

5,000

14,551

34,318,024

Italy

-

4

.3

%

A2A

SpA

(2)(a)

7,759,085

21,970,784

Amplifon

SpA

(2)(a)

2,449,302

27,022,656

Azimut

Holding

SpA

(2)(a)

2

76

Davide

Campari-Milano

NV

(2)(a)

407,034

2,908,124

De'

Longhi

SpA

(2)(a)

41,600

1,462,039

Enel

SpA

(2)(a)

3,776,728

41,290,324

Eni

SpA

(2)(a)

554,879

15,777,314

Fincantieri

SpA

(2)*(a)

2,023,933

31,230,189

FinecoBank

Banca

Fineco

SpA

(2)

(a)

782,223

17,403,467

Hera

SpA

(2)(a)

410,802

1,894,898

Intesa

Sanpaolo

SpA

(2)(a)

1,861,941

11,260,805

Leonardo

SpA

(2)(a)

605,964

41,217,347

Nexi

SpA

(2)(a)(c)

4,323,590

16,105,000

Pirelli

&

C

SpA

(2)(a)(c)

2,343,445

16,215,366

Poste

Italiane

SpA

(2)(a)(c)

798,848

18,803,885

Reply

SpA

(2)(a)

35,058

3,299,280

Saipem

SpA

(2)(a)

3,983,524

18,226,021

UniCredit

SpA

(2)(a)

513,939

36,871,940

Unipol

Assicurazioni

SpA

(2)(a)

870,877

20,230,625

343,190,140

Ivory

Coast

-

0

.1

%

Endeavour

Mining

plc

(2)(a)

140,996

8,494,979

Japan

-

25

.5

%

ABC-Mart,

Inc.

(a)

103,900

1,653,379

Advantest

Corp.

(2)(a)

138,700

19,141,525

Aeon

Co.

Ltd.

(2)(a)

1,374,900

16,438,228

AGC,

Inc.

(2)(a)

165,800

5,873,883

Aisin

Corp.

(2)(a)

590,300

8,316,212

Ajinomoto

Co.,

Inc.

(2)(a)

283,700

8,020,550

ANA

Holdings,

Inc.

(2)(a)

1,088,300

19,490,644

Asahi

Group

Holdings

Ltd.

(2)(a)

1,873,400

18,705,206

Asahi

Intecc

Co.

Ltd.

(2)(a)

324,600

6,931,522

Asahi

Kasei

Corp.

(2)(a)

2,186,300

21,391,805

Astellas

Pharma,

Inc.

(2)(a)

5,220,000

85,095,482

Bandai

Namco

Holdings,

Inc.

(2)(a)

1,039,000

25,632,553

BayCurrent,

Inc.

(2)(a)

1,055,200

30,544,171

Brother

Industries

Ltd.

(2)(a)

894,000

16,550,658

Canon,

Inc.

(2)(a)

1,301,800

36,121,499

Central

Japan

Railway

Co.

(2)(a)

1,043,500

27,132,242

Chubu

Electric

Power

Co.,

Inc.

(2)

(a)

1,717,400

28,314,626

Concordia

Financial

Group

Ltd.

(2)

(a)

1,599,000

14,272,987

CyberAgent,

Inc.

(2)(a)

1,421,100

12,157,735

Dai

Nippon

Printing

Co.

Ltd.

(2)(a)

624,900

11,385,675

Daiichi

Life

Group,

Inc.

(2)(a)

704,600

6,497,818

Daiichi

Sankyo

Co.

Ltd.

(2)(a)

1,174,400

21,010,797

Denso

Corp.

(2)(a)

203,300

2,548,992

Disco

Corp.

(2)(a)

53,400

21,764,949

Eisai

Co.

Ltd.

(2)(a)

156,200

4,890,126

ENEOS

Holdings,

Inc.

(2)(a)

1,437,500

12,952,069

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

105

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

25.5%

(continued)

FANUC

Corp.

(2)(a)

694,300

24,201,175

Fujitsu

Ltd.

(2)(a)

73,400

1,501,079

Fukuoka

Financial

Group,

Inc.

(2)

(a)

792,600

30,353,066

Hankyu

Hanshin

Holdings,

Inc.

(2)

(a)

20,500

592,758

Hikari

Tsushin,

Inc.

(2)(a)

16,200

4,121,461

Hirose

Electric

Co.

Ltd.

(2)(a)

47,400

6,205,328

Hitachi

Ltd.

(2)(a)

572,200

16,785,768

Honda

Motor

Co.

Ltd.

(2)(a)

4,094,200

33,136,709

Hoya

Corp.

(2)(a)

182,300

31,603,607

Idemitsu

Kosan

Co.

Ltd.

(2)(a)

614,300

6,030,901

Iida

Group

Holdings

Co.

Ltd.

(2)(a)

416,800

6,412,088

Isetan

Mitsukoshi

Holdings

Ltd.

(2)

(a)

2,660,000

49,011,670

Japan

Airlines

Co.

Ltd.

(2)(a)

1,715,500

28,007,957

Japan

Post

Bank

Co.

Ltd.

(2)(a)

3,072,800

50,118,058

Japan

Post

Holdings

Co.

Ltd.

(2)(a)

2,047,400

23,640,224

Japan

Tobacco,

Inc.

(2)(a)

552,600

21,199,874

JFE

Holdings,

Inc.

(2)(a)

2,042,700

23,914,434

Kajima

Corp.

(2)(a)

353,400

13,481,741

Kao

Corp.

(a)

466,800

18,171,390

Kirin

Holdings

Co.

Ltd.

(2)(a)

1,940,500

30,865,957

Kobe

Bussan

Co.

Ltd.

(2)(a)

178,500

3,862,558

Kobe

Steel

Ltd.

(2)(a)

2,612,200

31,702,044

Kyoto

Financial

Group,

Inc.

(2)(a)

157,500

4,149,895

Kyushu

Electric

Power

Co.,

Inc.

(2)

(a)

1,077,200

12,486,440

LY

Corp.

(2)(a)

10,117,900

24,395,612

MatsukiyoCocokara

&

Co.

(a)

912,900

14,530,011

Mazda

Motor

Corp.

(2)(a)

2,473,100

16,915,493

McDonald's

Holdings

Co.

Japan

Ltd.

(2)(a)

29,100

1,520,933

MINEBEA

MITSUMI,

Inc.

(2)(a)

546,000

9,066,378

Mitsubishi

Chemical

Group

Corp.

(2)(a)

2,030,100

11,868,225

Mitsubishi

Electric

Corp.

(2)(a)

527,500

17,252,991

Mitsubishi

Heavy

Industries

Ltd.

(2)

(a)

228,600

6,281,164

Mitsui

&

Co.

Ltd.

(2)(a)

547,000

21,143,011

Mitsui

Chemicals,

Inc.

(2)(a)

1,623,700

19,614,249

Mizuho

Financial

Group,

Inc.

(2)(a)

820,700

33,225,025

MS&AD

Insurance

Group

Holdings,

Inc.

(2)(a)

400,000

10,438,231

Murata

Manufacturing

Co.

Ltd.

(2)

(a)

1,746,000

39,175,400

Nexon

Co.

Ltd.

(2)(a)

581,600

10,955,421

NIPPON

EXPRESS

HOLDINGS,

Inc.

(2)(a)

945,800

21,375,937

Nippon

Steel

Corp.

(2)(a)

8,290,500

30,571,598

Nippon

Yusen

KK

(2)(a)

534,000

19,616,371

Niterra

Co.

Ltd.

(2)(a)

94,200

4,441,678

Nomura

Holdings,

Inc.

(2)(a)

2,322,200

18,285,092

NTT,

Inc.

(2)(a)

5,104,400

5,106,781

Obayashi

Corp.

(2)(a)

997,300

24,155,074

Obic

Co.

Ltd.

(a)

1,209,600

29,358,742

Oji

Holdings

Corp.

(2)(a)

1,397,600

7,561,085

Omron

Corp.

(2)(a)

354,600

10,201,521

Oracle

Corp.

Japan

(a)

70,200

3,807,135

ORIX

Corp.

(2)(a)

943,300

27,988,993

INVESTMENTS

SHARES

VALUE

($)

Japan

-

25.5%

(continued)

Otsuka

Corp.

(2)(a)

439,900

8,421,756

Pan

Pacific

International

Holdings

Corp.

(2)(a)

1,921,900

11,724,077

Panasonic

Holdings

Corp.

(2)(a)

384,700

6,451,943

Rakuten

Group,

Inc.

(2)*(a)

5,423,500

25,352,418

Recruit

Holdings

Co.

Ltd.

(2)(a)

1,068,200

46,541,442

Renesas

Electronics

Corp.

(2)(a)

122,000

1,744,262

Resona

Holdings,

Inc.

(2)(a)

3,621,000

41,307,453

Rohm

Co.

Ltd.

(2)(a)

235,800

4,698,206

Sanwa

Holdings

Corp.

(2)(a)

1,016,800

23,124,328

Seiko

Epson

Corp.

(2)(a)

1,297,600

16,042,498

Sekisui

Chemical

Co.

Ltd.

(2)(a)

395,300

6,636,559

Seven

&

i

Holdings

Co.

Ltd.

(2)(a)

2,217,700

29,827,286

Shimamura

Co.

Ltd.

(2)(a)

561,900

11,764,305

Shimizu

Corp.

(2)(a)

1,656,600

29,721,255

Shin-Etsu

Chemical

Co.

Ltd.

(2)(a)

253,500

10,322,219

Shionogi

&

Co.

Ltd.

(2)(a)

822,000

18,183,415

Shizuoka

Financial

Group,

Inc.

(2)

(a)

1,681,700

27,923,890

Skylark

Holdings

Co.

Ltd.

(2)(a)

161,500

3,481,402

SoftBank

Corp.

(2)(a)

15,491,100

20,729,003

Sojitz

Corp.

(2)(a)

932,500

36,924,110

Sony

Financial

Group,

Inc.

(2)

293,000

268,404

Square

Enix

Holdings

Co.

Ltd.

(2)

(a)

978,400

15,591,773

Subaru

Corp.

(2)(a)

345,700

5,569,708

Sumitomo

Corp.

(2)(a)

985,600

36,880,235

Sumitomo

Metal

Mining

Co.

Ltd.

(2)(a)

134,400

7,822,510

Sumitomo

Mitsui

Financial

Group,

Inc.

(2)(a)

108,200

3,557,651

Sumitomo

Mitsui

Trust

Group,

Inc.

(2)(a)

829,400

26,421,897

TBS

Holdings,

Inc.

(2)(a)

249,100

8,975,439

Terumo

Corp.

(2)(a)

1,543,600

20,737,893

Tokio

Marine

Holdings,

Inc.

(2)(a)

234,400

11,002,964

Tokyo

Century

Corp.

(2)(a)

373,000

4,828,282

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(2)*(a)

546,900

2,253,553

Tokyo

Electron

Ltd.

(2)(a)

112,000

27,826,507

Tokyo

Gas

Co.

Ltd.

(2)(a)

634,200

29,868,324

Tokyu

Corp.

(2)(a)

192,900

2,277,004

Toray

Industries,

Inc.

(2)(a)

60,400

430,207

Tosoh

Corp.

(2)(a)

505,000

7,506,767

TOTO

Ltd.

(2)(a)

76,400

2,525,886

Toyota

Motor

Corp.

(2)(a)

867,000

18,022,632

USS

Co.

Ltd.

(2)(a)

1,883,200

19,809,023

Yamato

Holdings

Co.

Ltd.

(2)(a)

1,204,200

13,428,801

Yamazaki

Baking

Co.

Ltd.

(2)(a)

40,000

894,122

Yokogawa

Electric

Corp.

(2)(a)

521,600

16,119,404

2,056,784,479

Macau

-

0

.0

%

†

Galaxy

Entertainment

Group

Ltd.

(2)(a)

860,000

3,887,105

Netherlands

-

2

.9

%

Aalberts

NV

(2)

62,814

2,187,602

Argenx

SE

(2)*(a)

32,870

23,855,044

ASM

International

NV

(2)(a)

56,164

42,569,660

106

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Netherlands

-

2.9%

(continued)

ASML

Holding

NV

(2)(a)

43,324

57,610,376

ASR

Nederland

NV

(2)(a)

105,972

7,295,839

BE

Semiconductor

Industries

NV

(2)(a)

8,397

1,798,586

Heineken

NV

(2)(a)

256,710

19,745,700

Koninklijke

Ahold

Delhaize

NV

(a)

404,092

18,818,240

Koninklijke

KPN

NV

(2)(a)

2,889,516

16,105,085

Koninklijke

Vopak

NV

(2)(a)

72,139

3,904,534

NN

Group

NV

(2)(a)

387,309

30,247,251

Wolters

Kluwer

NV

(2)(a)

86,629

6,470,169

230,608,086

New

Zealand

-

0

.0

%

†

Xero

Ltd.

(2)*(a)

42,478

2,244,955

Nigeria

-

0

.1

%

Airtel

Africa

plc

(2)(a)(c)

1,473,326

6,794,010

Norway

-

0

.8

%

Equinor

ASA

(2)(a)

41,898

1,785,039

Frontline

plc

(2)(a)

53,838

1,891,623

Gjensidige

Forsikring

ASA

(2)(a)

108,999

2,851,271

Kongsberg

Gruppen

ASA

(a)

752,428

32,073,517

Norsk

Hydro

ASA

(2)(a)

195,237

2,080,913

Storebrand

ASA

(2)(a)

390,693

7,051,923

Telenor

ASA

(a)

692,749

12,183,866

Vend

Marketplaces

ASA

(a)

237,542

5,877,894

65,796,046

Portugal

-

0

.3

%

Banco

Comercial

Portugues

SA,

Class

R

(2)

9,165,236

8,926,646

EDP

SA

(2)

2,275,370

12,040,576

20,967,222

Singapore

-

0

.6

%

Genting

Singapore

Ltd.

(2)

2,181,700

1,151,426

Oversea-Chinese

Banking

Corp.

Ltd.

(2)

896,900

15,361,888

Sea

Ltd.,

ADR

*(a)(b)

214,394

17,753,967

Singapore

Airlines

Ltd.

(2)

1,500

7,735

Singapore

Telecommunications

Ltd.

2,667,900

10,250,779

United

Overseas

Bank

Ltd.

(2)

270,200

7,734,680

52,260,475

Spain

-

1

.6

%

ACS

Actividades

de

Construccion

y

Servicios

SA

(2)(a)

79,919

9,746,550

Aena

SME

SA

(a)(c)

421,921

12,445,527

Banco

Bilbao

Vizcaya

Argentaria

SA

(2)(a)

84,778

1,831,168

Bankinter

SA

(2)(a)

645,765

10,227,224

Enagas

SA

(a)

938,174

18,586,417

Fluidra

SA

(2)

80,352

1,863,856

Grifols

SA

(2)(a)

2

21

Iberdrola

SA

(2)(a)

912,467

20,890,172

Industria

de

Diseno

Textil

SA

(2)(a)

267,592

15,576,207

Mapfre

SA

(2)(a)

22

98

Naturgy

Energy

Group

SA

(a)

229,920

6,883,004

Repsol

SA

(2)(a)

865,712

24,368,470

INVESTMENTS

SHARES

VALUE

($)

Spain

-

1.6%

(continued)

Unicaja

Banco

SA

(2)(a)(c)

3,548,915

10,532,273

132,950,987

Sweden

-

2

.7

%

Alfa

Laval

AB

(2)(a)

356,067

19,476,853

Autoliv,

Inc.

(a)(b)

198,909

20,917,270

Axfood

AB

(a)

63,015

2,141,404

Boliden

AB

(2)*(a)

47,560

2,493,183

Electrolux

AB,

Class

B

(2)*(a)

1,654,390

10,501,332

Evolution

AB

(2)(a)(c)

743,811

46,747,370

Getinge

AB,

Class

B

(2)(a)

117,145

2,364,790

Husqvarna

AB,

Class

B

(2)(a)

474,746

1,880,039

Saab

AB,

Class

B

(2)(a)

75,456

4,938,578

Svenska

Handelsbanken

AB,

Class

A

(2)(a)

581,971

7,672,545

Swedbank

AB,

Class

A

(2)(a)

438,962

14,961,372

Swedish

Orphan

Biovitrum

AB

(2)*(a)

16,192

678,614

Tele2

AB,

Class

B

(2)(a)

26,301

544,365

Telefonaktiebolaget

LM

Ericsson,

Class

B

(2)(a)

4,381,784

49,953,372

Telia

Co.

AB

(2)(a)

6,065,777

31,076,643

216,347,730

Switzerland

-

4

.5

%

ABB

Ltd.

(Registered)

(2)(a)

360,360

29,300,139

Accelleron

Industries

AG

(2)(a)

110,355

9,974,574

Adecco

Group

AG

(Registered)

(2)

(a)

494,460

11,892,848

Avolta

AG

(2)*(a)

239,496

14,359,307

BKW

AG

(2)(a)

21,803

4,298,673

DSM-Firmenich

AG

(2)(a)

239,599

17,137,094

EFG

International

AG

(2)(a)

3

64

Flughafen

Zurich

AG

(Registered)

(2)(a)

77,036

24,122,748

Galderma

Group

AG

(2)(a)

54,200

10,652,133

Givaudan

SA

(Registered)

(2)(a)

5,292

17,894,910

Kuehne

+

Nagel

International

AG

(Registered)

(2)(a)

122,752

28,110,851

Logitech

International

SA

(Registered)

(2)(a)

126,123

11,712,354

SGS

SA

(Registered)

(2)(a)

55,839

5,884,816

Sika

AG

(Registered)

(2)(a)

133,498

22,096,358

Sonova

Holding

AG

(Registered)

(2)(a)

91,558

20,876,456

Swissquote

Group

Holding

SA

(Registered)

(2)(a)

7,971

3,959,507

TE

Connectivity

plc

(a)(b)

129,873

27,146,054

UBS

Group

AG

(Registered)

(2)(a)

695,545

27,121,661

Zurich

Insurance

Group

AG

(2)(a)

104,107

73,584,758

360,125,305

United

Kingdom

-

7

.8

%

Aberdeen

Group

plc

(2)(a)

284,630

721,058

Admiral

Group

plc

(2)(a)

26,768

1,119,592

Barclays

plc

(2)(a)

9,863,625

51,621,121

Bellway

plc

(2)(a)

333,942

8,212,287

Burberry

Group

plc

(2)*(a)

633,594

9,270,814

Centrica

plc

(2)(a)

11,968,504

33,888,073

Compass

Group

plc

(2)(a)

3,725,271

103,938,519

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

107

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

7.8%

(continued)

Diploma

plc

(2)(a)

1

80

easyJet

plc

(2)(a)

851,004

3,959,567

Entain

plc

(2)(a)

1,188,195

8,926,199

Games

Workshop

Group

plc

(2)(a)

9,301

2,198,727

Hiscox

Ltd.

(2)(a)

712,522

14,382,307

Howden

Joinery

Group

plc

(2)(a)

390,243

4,133,367

ICG

plc

(2)(a)

42,524

872,136

Inchcape

plc

145,185

1,441,252

International

Consolidated

Airlines

Group

SA

(2)(a)

4,665,329

22,143,110

Intertek

Group

plc

(2)(a)

44,382

2,159,582

ITV

plc

(2)(a)

8,928,471

9,029,912

Kingfisher

plc

(2)(a)

6,345,693

24,128,467

Lloyds

Banking

Group

plc

(2)(a)

30,883,176

38,277,698

M&G

plc

(2)(a)

397,661

1,444,478

NatWest

Group

plc

(2)(a)

5,118,039

37,914,164

Next

plc

(2)(a)

45,067

7,614,019

Pearson

plc

(2)(a)

234,436

3,090,774

Pennon

Group

plc

(a)

3,833

26,863

Persimmon

plc

(2)(a)

696,094

9,937,023

Reckitt

Benckiser

Group

plc

(2)(a)

230,683

15,511,204

RELX

plc

(2)(a)

810,514

26,554,360

Rightmove

plc

(2)(a)

588,402

3,366,433

Rolls-Royce

Holdings

plc

(2)(a)

1,272,336

19,329,869

Rotork

plc

(2)(a)

248,369

1,032,751

Smiths

Group

plc

(2)(a)

94,753

2,891,503

Taylor

Wimpey

plc

(2)(a)

3,707,898

4,403,946

TechnipFMC

plc

(a)(b)

743,523

51,399,745

Tesco

plc

(2)(a)

3,514,079

22,086,096

Unilever

plc

(2)(a)

336,867

18,493,793

Vodafone

Group

plc

(2)(a)

40,254,262

60,717,590

626,238,479

United

States

-

120

.3

%

Abercrombie

&

Fitch

Co.,

Class

A

*(a)(b)

407,053

37,192,433

Acerinox

SA

(2)(a)

153,191

2,141,778

Acuity,

Inc.

(a)

20,113

5,636,065

Adobe,

Inc.

*(a)(b)

191,438

46,534,749

ADT,

Inc.

(a)(b)

1,762,830

11,581,793

Advanced

Drainage

Systems,

Inc.

(a)

13,258

1,818,070

Advanced

Energy

Industries,

Inc.

(a)(b)

46,557

15,024,409

Aegon

Ltd.

(2)(a)

960,994

7,027,966

Affirm

Holdings,

Inc.,

Class

A

*(a)

79,102

3,624,454

AGCO

Corp.

(a)

50,306

5,828,956

Agilent

Technologies,

Inc.

(a)

271,049

30,894,165

Air

Lease

Corp.,

Class

A

(a)

38,338

2,489,670

Airbnb,

Inc.,

Class

A

*(a)(b)

397,638

50,213,727

Albemarle

Corp.

(a)(b)

110,791

19,890,308

Alcoa

Corp.

(a)(b)

242,474

16,083,300

Alcon

AG

(2)(a)

82,756

6,255,545

Alexandria

Real

Estate

Equities,

Inc.,

REIT

(a)

130,106

6,039,521

Allegion

plc

(a)(b)

58,655

8,521,985

Ally

Financial,

Inc.

(a)(b)

432,434

16,964,386

Alnylam

Pharmaceuticals,

Inc.

*(a)

(b)

77,579

25,668,564

Amazon.com,

Inc.

*(a)(b)

73,474

15,302,430

INVESTMENTS

SHARES

VALUE

($)

United

States

-

120.3%

(continued)

Amdocs

Ltd.

(a)

290,389

18,950,786

Ameren

Corp.

(a)(b)

224,619

24,690,120

American

Airlines

Group,

Inc.

*(a)

3

32

American

Electric

Power

Co.,

Inc.

(a)(b)

93,083

12,201,320

American

Financial

Group,

Inc.

(a)

36,302

4,636,128

American

Homes

4

Rent,

Class

A,

REIT

(a)(b)

810,756

22,636,308

American

International

Group,

Inc.

(a)(b)

218,738

16,460,035

American

Tower

Corp.,

REIT

(a)(b)

53,284

9,195,753

American

Water

Works

Co.,

Inc.

(a)(b)

46,194

6,286,541

Ameriprise

Financial,

Inc.

(a)(b)

109,099

48,483,596

AMETEK,

Inc.

(a)(b)

51,470

11,033,109

Amphenol

Corp.,

Class

A

(a)(b)

225,644

28,510,119

Analog

Devices,

Inc.

(a)(b)

28,222

8,978,547

Antero

Resources

Corp.

*(a)(b)

275,957

11,711,615

Aon

plc,

Class

A

(a)(b)

80,179

25,880,178

Applied

Industrial

Technologies,

Inc.

(a)(b)

95,008

25,207,523

AptarGroup,

Inc.

(a)(b)

89,058

11,223,089

Aramark

(a)(b)

868,771

35,219,976

Arch

Capital

Group

Ltd.

*(a)(b)

243,805

23,402,842

Arista

Networks,

Inc.

*(a)(b)

179,489

22,037,659

Armstrong

World

Industries,

Inc.

(a)

52,448

8,643,430

Arrow

Electronics,

Inc.

*(a)(b)

114,092

16,361,934

ASGN,

Inc.

*(a)(b)

400,064

15,486,477

Assured

Guaranty

Ltd.

(a)

56,718

4,621,383

ATI,

Inc.

*(a)(b)

61,828

8,993,501

Atmos

Energy

Corp.

(a)(b)

73,283

13,536,836

Autodesk,

Inc.

*(a)(b)

142,960

34,224,624

AutoNation,

Inc.

*(a)(b)

96,149

18,774,054

Avnet,

Inc.

(a)(b)

350,551

21,600,953

Axis

Capital

Holdings

Ltd.

(a)

382,399

38,779,083

Ball

Corp.

(a)(b)

208,556

12,327,745

Bank

of

America

Corp.

(a)(b)

1,030,913

50,257,009

Bank

of

New

York

Mellon

Corp.

(The)

(a)(b)

230,270

27,316,930

Bath

&

Body

Works,

Inc.

(a)(b)

883,635

16,497,465

BellRing

Brands,

Inc.

*(a)(b)

919,523

14,795,125

Biogen,

Inc.

*(a)(b)

90,075

16,513,450

BioMarin

Pharmaceutical,

Inc.

*(a)

(b)

446,215

25,206,685

Blackrock,

Inc.

(a)(b)

35,954

34,577,321

Boeing

Co.

(The)

*(a)

48,196

9,592,450

Booking

Holdings,

Inc.

(a)(b)

18,550

78,101,436

BorgWarner,

Inc.

(a)(b)

336,939

18,282,310

Boston

Beer

Co.,

Inc.

(The),

Class

A

*(a)(b)

21,973

5,062,579

Boston

Scientific

Corp.

*(a)(b)

501,339

31,459,022

BP

plc

(2)(a)

7,271,790

56,914,870

Bright

Horizons

Family

Solutions,

Inc.

*(a)(b)

427,118

35,079,201

Brink's

Co.

(The)

(a)(b)

39,114

4,053,384

Bristol-Myers

Squibb

Co.

(a)

1,323,140

80,248,441

Broadcom,

Inc.

(a)(b)

111,709

34,575,053

Broadridge

Financial

Solutions,

Inc.

(a)(b)

256,213

41,629,488

Bruker

Corp.

(a)

200,789

7,252,499

108

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

120.3%

(continued)

Brunswick

Corp.

(a)(b)

177,878

12,942,403

Burlington

Stores,

Inc.

*(a)(b)

116,994

38,067,508

CACI

International,

Inc.,

Class

A

*(a)

9,149

4,975,867

Capital

One

Financial

Corp.

(a)(b)

259,991

47,430,158

CarMax,

Inc.

*(a)(b)

608,780

25,313,072

Carnival

Corp.

(a)(b)

898,592

23,255,561

Carpenter

Technology

Corp.

(a)(b)

62,593

24,671,031

Carrier

Global

Corp.

(a)(b)

396,770

22,342,119

Casey's

General

Stores,

Inc.

(a)

5,613

4,085,478

CCC

Intelligent

Solutions

Holdings,

Inc.

*(a)

983,365

5,900,190

CDW

Corp.

(a)(b)

144,422

17,477,950

Centene

Corp.

*(a)(b)

1,274,028

41,711,677

CH

Robinson

Worldwide,

Inc.

(a)(b)

50,815

8,438,847

Chemed

Corp.

(a)(b)

48,114

18,174,582

Cheniere

Energy,

Inc.

(a)(b)

112,180

31,832,197

Chewy,

Inc.,

Class

A

*(a)(b)

1,984,960

53,593,920

Chipotle

Mexican

Grill,

Inc.,

Class

A

*(a)(b)

643,568

20,600,612

Chord

Energy

Corp.

(a)(b)

175,239

24,915,481

Chubb

Ltd.

(a)(b)

203,728

66,401,067

Church

&

Dwight

Co.,

Inc.

(a)(b)

55,692

5,197,177

Ciena

Corp.

*(a)

4,375

1,698,506

Cigna

Group

(The)

(a)(b)

128,281

34,218,957

Citigroup,

Inc.

(a)(b)

122,189

13,857,454

Clean

Harbors,

Inc.

*(a)

19,750

5,662,918

Clorox

Co.

(The)

(a)(b)

71,945

7,455,660

CNA

Financial

Corp.

(a)(b)

228,586

10,496,669

CNO

Financial

Group,

Inc.

(a)

99,829

4,098,979

Coca-Cola

Consolidated,

Inc.

(a)(b)

93,924

18,008,988

Comfort

Systems

USA,

Inc.

(a)(b)

44,592

61,491,922

Commerce

Bancshares,

Inc.

(a)

138,969

6,837,275

Commercial

Metals

Co.

(a)(b)

277,195

17,028,089

Commvault

Systems,

Inc.

*(a)(b)

146,735

11,429,189

Conagra

Brands,

Inc.

(a)

587,504

9,235,563

Concentrix

Corp.

(a)(b)

531,267

14,535,465

ConocoPhillips

(a)(b)

297,462

39,264,984

Consolidated

Edison,

Inc.

(a)(b)

118,334

13,393,042

Constellation

Energy

Corp.

(a)(b)

35,704

9,970,342

Cooper

Cos.,

Inc.

(The)

*(a)(b)

454,660

32,508,190

Copart,

Inc.

*(a)(b)

620,085

20,586,822

COPT

Defense

Properties,

REIT

(a)

247,143

7,562,576

Corning,

Inc.

(a)

13,348

1,814,928

Corpay,

Inc.

*(a)(b)

31,862

9,271,523

Corteva,

Inc.

(a)(b)

85,737

7,177,044

Costco

Wholesale

Corp.

(a)(b)

56,445

56,243,491

Crane

Co.

(a)(b)

163,449

27,949,779

Credo

Technology

Group

Holding

Ltd.

*(a)

27,809

2,610,431

CRH

plc

(a)(b)

218,088

22,925,411

Crown

Holdings,

Inc.

(a)(b)

284,109

28,481,927

Cummins,

Inc.

(a)(b)

45,976

24,736,008

Curtiss-Wright

Corp.

(a)

41,057

27,964,744

Danaher

Corp.

(a)

279,281

52,951,678

Darden

Restaurants,

Inc.

(a)(b)

78,958

15,478,926

Darling

Ingredients,

Inc.

*(a)(b)

230,337

14,246,343

Datadog,

Inc.,

Class

A

*(a)(b)

190,093

22,440,479

DaVita,

Inc.

*(a)

39,822

6,120,243

Deckers

Outdoor

Corp.

*(a)(b)

56,446

5,649,680

INVESTMENTS

SHARES

VALUE

($)

United

States

-

120.3%

(continued)

Dell

Technologies,

Inc.,

Class

C

(a)

(b)

61,773

10,138,802

Delta

Air

Lines,

Inc.

(a)(b)

255,034

16,954,660

Dexcom,

Inc.

*(a)(b)

93,074

5,845,047

Docusign,

Inc.,

Class

A

*(a)(b)

509,064

24,134,724

Dolby

Laboratories,

Inc.,

Class

A

(a)(b)

180,569

10,844,974

Dollar

General

Corp.

(a)

392,096

46,553,558

Domino's

Pizza,

Inc.

(a)(b)

103,938

37,291,915

DoubleVerify

Holdings,

Inc.

*(a)(b)

819,496

7,785,212

Dover

Corp.

(a)(b)

211,981

44,187,439

Dow,

Inc.

(a)(b)

551,779

22,981,595

DR

Horton,

Inc.

(a)(b)

185,800

25,495,476

DraftKings,

Inc.,

Class

A

*(a)(b)

1,123,511

24,290,308

Dynatrace,

Inc.

*(a)

337,909

12,495,875

Eagle

Materials,

Inc.

(a)(b)

25,387

4,809,567

East

West

Bancorp,

Inc.

(a)(b)

171,484

18,307,632

Ecolab,

Inc.

(a)(b)

68,237

18,152,407

Edison

International

(a)

1,248,163

91,340,568

Edwards

Lifesciences

Corp.

*(a)(b)

176,099

14,102,008

Elastic

NV

*(a)(b)

633,780

31,682,662

Elevance

Health,

Inc.

(a)(b)

23,026

6,740,862

elf

Beauty,

Inc.

*(a)(b)

368,585

22,339,937

EMCOR

Group,

Inc.

(a)(b)

62,666

46,266,934

Encompass

Health

Corp.

(a)

26,170

2,531,424

EnerSys

(a)(b)

88,894

15,442,666

Ensign

Group,

Inc.

(The)

(a)

8,781

1,769,372

EOG

Resources,

Inc.

(a)(b)

209,892

30,344,086

EPAM

Systems,

Inc.

*(a)(b)

119,582

16,191,403

EPR

Properties,

REIT

(a)

152,911

7,639,434

EQT

Corp.

(a)(b)

102,523

6,524,564

Equifax,

Inc.

(a)(b)

178,507

32,143,755

Equinix,

Inc.,

REIT

(a)(b)

26,335

25,814,620

Essent

Group

Ltd.

(a)(b)

124,751

7,290,448

Evercore,

Inc.,

Class

A

(a)(b)

104,251

31,119,966

Everest

Group

Ltd.

(a)(b)

108,980

35,620,113

Everpure,

Inc.,

Class

A

*(a)(b)

119,147

7,034,439

Eversource

Energy

(a)(b)

149,260

10,340,733

Exelixis,

Inc.

*(a)(b)

899,823

38,593,408

ExlService

Holdings,

Inc.

*(a)(b)

1,354,961

41,258,562

Expand

Energy

Corp.

(a)(b)

212,364

23,313,320

Expedia

Group,

Inc.

(a)(b)

84,134

19,425,699

Experian

plc

(2)(a)

151,544

5,242,588

Exponent,

Inc.

(a)

95,830

6,252,908

Exxon

Mobil

Corp.

(a)(b)

85,206

14,456,050

Federal

Realty

Investment

Trust,

REIT

(a)

187,221

19,884,742

Federated

Hermes,

Inc.,

Class

B

(a)(b)

75,915

4,305,140

FedEx

Corp.

(a)(b)

176,298

62,793,822

Fidelity

National

Financial,

Inc.

(a)

(b)

889,866

41,271,985

Fidelity

National

Information

Services,

Inc.

(a)(b)

761,097

35,703,060

First

Financial

Bankshares,

Inc.

(a)

(b)

200,206

5,896,067

First

Hawaiian,

Inc.

(a)(b)

257,470

6,344,061

First

Horizon

Corp.

(a)(b)

868,341

19,763,441

First

Industrial

Realty

Trust,

Inc.,

REIT

(a)

122,911

7,110,401

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

109

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

120.3%

(continued)

FirstCash

Holdings,

Inc.

(a)(b)

44,141

8,298,508

Fiserv,

Inc.

*(a)

97,856

5,460,365

Five

Below,

Inc.

*(a)(b)

136,147

31,106,867

Flex

Ltd.

*(a)

33,713

2,206,853

Fluor

Corp.

*(a)(b)

221,851

10,349,349

FMC

Corp.

(a)

637,503

10,977,802

Ford

Motor

Co.

(a)(b)

1,912,384

22,068,911

Fortinet,

Inc.

*(a)(b)

428,081

34,982,779

Freeport-McMoRan,

Inc.

(a)(b)

557,063

32,744,163

Freshpet,

Inc.

*(a)(b)

49,821

2,937,446

Gap,

Inc.

(The)

(a)

852,467

20,629,701

Gartner,

Inc.

*(a)(b)

320,552

50,756,204

Gates

Industrial

Corp.

plc

*(a)(b)

341,200

7,714,532

GE

Aerospace

(a)(b)

191,717

54,403,533

GE

Vernova,

Inc.

(a)(b)

47,581

41,533,455

General

Dynamics

Corp.

(a)(b)

82,358

28,266,913

General

Mills,

Inc.

(a)(b)

2,221,012

82,666,067

General

Motors

Co.

(a)(b)

539,955

40,226,648

Genpact

Ltd.

(a)(b)

1,434,888

53,449,578

Genuine

Parts

Co.

(a)(b)

215,184

22,755,708

GFL

Environmental,

Inc.

(a)

218,279

9,105,550

Gitlab,

Inc.,

Class

A

*(a)(b)

469,811

10,166,710

GLOBALFOUNDRIES,

Inc.

*(a)(b)

159,383

7,089,356

Goldman

Sachs

Group,

Inc.

(The)

(a)(b)

16,124

13,640,743

Goodyear

Tire

&

Rubber

Co.

(The)

*(a)(b)

3,028,201

20,076,973

Graham

Holdings

Co.,

Class

B

(a)

(b)

5,871

6,207,173

Greif,

Inc.,

Class

A

(a)

71,927

4,824,144

GSK

plc

(2)(a)

235,515

6,487,373

Haemonetics

Corp.

*(a)(b)

555,164

31,289,043

Halliburton

Co.

(a)

47,550

1,853,975

Halozyme

Therapeutics,

Inc.

*(a)(b)

85,283

5,511,840

Hanover

Insurance

Group,

Inc.

(The)

(a)

23,473

4,069,045

Hasbro,

Inc.

(a)(b)

178,549

16,712,186

Hayward

Holdings,

Inc.

*(a)(b)

59,785

799,923

HealthEquity,

Inc.

*(a)(b)

370,546

30,966,529

Hewlett

Packard

Enterprise

Co.

(a)

(b)

1,523,277

36,269,225

HF

Sinclair

Corp.

(a)

33,949

2,118,078

Hilton

Grand

Vacations,

Inc.

*(a)

34

1,330

Hilton

Worldwide

Holdings,

Inc.

(a)

(b)

33,413

10,160,225

Holcim

AG

(2)(a)

245,611

20,302,686

Honeywell

International,

Inc.

(a)(b)

83,831

18,948,321

Host

Hotels

&

Resorts,

Inc.,

REIT

(a)

560,304

10,735,425

HubSpot,

Inc.

*(a)(b)

61,647

15,048,033

Huntington

Ingalls

Industries,

Inc.

(a)(b)

84,680

32,169,932

Huntsman

Corp.

(a)

514,354

6,846,052

Illinois

Tool

Works,

Inc.

(a)

71,836

18,698,192

Illumina,

Inc.

*(a)(b)

169,515

20,894,419

Ingredion,

Inc.

(a)

156,906

17,677,030

Insulet

Corp.

*(a)(b)

165,171

34,659,483

InterContinental

Hotels

Group

plc

(2)(a)

173,105

22,828,198

INVESTMENTS

SHARES

VALUE

($)

United

States

-

120.3%

(continued)

International

Business

Machines

Corp.

(a)(b)

161,487

39,142,834

International

Flavors

&

Fragrances,

Inc.

(a)(b)

74,699

5,419,412

Invesco

Ltd.

(a)(b)

678,881

16,490,019

Invitation

Homes,

Inc.,

REIT

(a)

191,222

4,751,867

IQVIA

Holdings,

Inc.

*(a)(b)

111,311

18,982,978

Iron

Mountain,

Inc.,

REIT

(a)(b)

265,752

27,143,909

ITT,

Inc.

(a)(b)

241,610

46,033,953

J

M

Smucker

Co.

(The)

(a)

58,130

5,606,057

Jacobs

Solutions,

Inc.

(a)

47,785

6,082,075

Jazz

Pharmaceuticals

plc

*(a)(b)

159,489

30,151,395

JB

Hunt

Transport

Services,

Inc.

(a)(b)

234,075

49,600,493

Jefferies

Financial

Group,

Inc.

(a)(b)

563,250

23,245,328

Johnson

Controls

International

plc

(a)

23,941

3,135,074

Jones

Lang

LaSalle,

Inc.

*(a)(b)

66,730

20,307,274

Keysight

Technologies,

Inc.

*(a)(b)

25,511

7,203,541

Kinder

Morgan,

Inc.

(a)(b)

1,203,346

40,348,191

Kirby

Corp.

*(a)(b)

23,189

3,081,354

KKR

&

Co.,

Inc.

(a)(b)

338,191

31,282,668

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

(a)(b)

549,388

31,633,761

Kyndryl

Holdings,

Inc.

*(a)(b)

827,013

10,850,411

Lamar

Advertising

Co.,

Class

A,

REIT

(a)(b)

184,169

23,326,846

Lamb

Weston

Holdings,

Inc.

(a)

179,537

7,587,234

Landstar

System,

Inc.

(a)(b)

146,818

23,536,394

Las

Vegas

Sands

Corp.

(a)(b)

505,765

27,250,618

Lear

Corp.

(a)(b)

106,052

12,840,776

Leonardo

DRS,

Inc.

(a)(b)

316,104

14,072,950

Lincoln

Electric

Holdings,

Inc.

(a)

80,082

19,946,825

Linde

plc

(a)(b)

54,274

26,906,878

Lineage,

Inc.,

REIT

(a)

173,276

5,676,522

Littelfuse,

Inc.

(a)(b)

26,674

9,051,822

LivaNova

plc

*(a)(b)

202,550

12,874,078

Lockheed

Martin

Corp.

(a)(b)

74,368

44,947,276

Louisiana-Pacific

Corp.

(a)(b)

89,202

6,489,446

Lululemon

Athletica,

Inc.

*(a)(b)

83,094

12,721,691

Lumentum

Holdings,

Inc.

*(a)(b)

36,849

25,896,003

Lyft,

Inc.,

Class

A

*(a)(b)

418,131

5,561,142

LyondellBasell

Industries

NV,

Class

A

(a)(b)

368,122

29,655,908

Macy's,

Inc.

(a)

3,254

58,865

Manhattan

Associates,

Inc.

*(a)(b)

372,243

49,552,988

ManpowerGroup,

Inc.

(a)(b)

417,441

12,297,812

MarketAxess

Holdings,

Inc.

(a)(b)

171,195

28,243,751

Marsh

&

McLennan

Cos.,

Inc.

(a)(b)

181,899

31,550,382

Marzetti

Co.

(The)

(a)(b)

122,850

16,993,841

Matador

Resources

Co.

(a)(b)

408,681

25,820,466

Match

Group,

Inc.

(a)

361,082

11,088,828

Mattel,

Inc.

*(a)(b)

691,348

10,045,286

McCormick

&

Co.,

Inc.

(Non-Voting)

(a)

56,878

2,868,926

Medical

Properties

Trust,

Inc.,

REIT

(a)(b)

1,767,966

8,185,683

Medpace

Holdings,

Inc.

*(a)(b)

69,954

33,591,211

Merck

&

Co.,

Inc.

(a)(b)

217,744

26,192,426

MetLife,

Inc.

(a)(b)

305,707

21,619,599

110

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

120.3%

(continued)

Mettler-Toledo

International,

Inc.

*(a)

5,988

7,552,066

MGIC

Investment

Corp.

(a)(b)

1,004,512

26,368,440

MGM

Resorts

International

*(a)(b)

111,855

4,139,754

Microchip

Technology,

Inc.

(a)(b)

315,947

20,413,336

Micron

Technology,

Inc.

(a)

122,297

41,316,818

MKS,

Inc.

(a)

30,029

6,900,964

Mohawk

Industries,

Inc.

*(a)(b)

363,486

35,788,832

Molina

Healthcare,

Inc.

*(a)(b)

218,496

29,125,517

Molson

Coors

Beverage

Co.,

Class

B

(a)(b)

296,978

12,787,873

MongoDB,

Inc.,

Class

A

*(a)(b)

63,620

15,572,267

Morningstar,

Inc.

(a)

5,170

873,989

Mosaic

Co.

(The)

(a)(b)

1,009,041

25,730,546

MSCI,

Inc.,

Class

A

(a)(b)

52,795

28,457,033

Mueller

Industries,

Inc.

(a)(b)

352,684

39,077,387

Nasdaq,

Inc.

(a)(b)

191,664

16,270,357

Natera,

Inc.

*(a)(b)

38,518

7,703,215

Nestle

SA

(Registered)

(2)(a)

594,557

58,320,722

Neurocrine

Biosciences,

Inc.

*(a)(b)

349,838

46,087,658

New

York

Times

Co.

(The),

Class

A

(a)

570,036

47,729,114

Newell

Brands,

Inc.

(a)(b)

2,641,041

9,058,771

Newmont

Corp.

(a)(b)

306,661

33,196,053

News

Corp.,

Class

A

(a)(b)

628,188

15,660,727

NNN

REIT,

Inc.,

REIT

(a)(b)

120,240

5,053,687

Northern

Trust

Corp.

(a)(b)

74,547

10,404,525

Nucor

Corp.

(a)

56,735

9,593,889

Nutanix,

Inc.,

Class

A

*(a)(b)

1,237,525

47,038,325

nVent

Electric

plc

(a)(b)

217,323

25,704,964

NVIDIA

Corp.

(a)(b)

112,578

19,633,603

NVR,

Inc.

*(a)(b)

1,071

7,057,708

Occidental

Petroleum

Corp.

(a)(b)

1,054,858

68,565,770

OGE

Energy

Corp.

(a)

115,890

5,558,084

Old

Dominion

Freight

Line,

Inc.

(a)

(b)

86,753

16,951,536

Old

Republic

International

Corp.

(a)(b)

485,008

19,351,819

Ollie's

Bargain

Outlet

Holdings,

Inc.

*(a)(b)

175,387

16,142,619

Omnicom

Group,

Inc.

(a)(b)

325,233

24,493,297

ON

Semiconductor

Corp.

*(a)(b)

107,971

6,685,564

OneMain

Holdings,

Inc.

(a)(b)

459,382

24,572,343

O'Reilly

Automotive,

Inc.

*(a)(b)

62,871

5,803,622

Oshkosh

Corp.

(a)(b)

81,182

11,950,802

Otis

Worldwide

Corp.

(a)(b)

25,220

1,943,958

Ovintiv,

Inc.

(a)(b)

422,054

25,053,125

Owens

Corning

(a)(b)

252,228

27,296,114

PACCAR,

Inc.

(a)(b)

167,927

19,395,569

Palantir

Technologies,

Inc.,

Class

A

*(a)(b)

112,677

16,482,392

Paramount

Skydance

Corp.,

Class

B

(a)

23,764

214,351

Paylocity

Holding

Corp.

*(a)(b)

66,831

7,220,421

PBF

Energy,

Inc.,

Class

A

(a)(b)

168,981

8,046,875

Pegasystems,

Inc.

(a)

251,998

10,725,035

Penn

Entertainment,

Inc.

*(a)

219,347

3,296,785

Penske

Automotive

Group,

Inc.

(a)

22,052

3,297,215

PepsiCo,

Inc.

(a)(b)

324,558

50,400,612

INVESTMENTS

SHARES

VALUE

($)

United

States

-

120.3%

(continued)

Permian

Resources

Corp.,

Class

A

(a)

302,806

6,455,824

Pfizer,

Inc.

(a)(b)

278,874

7,830,782

PG&E

Corp.

(a)

6,108,452

107,325,502

Philip

Morris

International,

Inc.

(a)

(b)

162,107

26,802,771

Phillips

66

(a)(b)

253,060

46,102,471

Pilgrim's

Pride

Corp.

(a)(b)

132,020

4,985,075

Pinnacle

Financial

Partners,

Inc.

(a)(b)

331,318

28,539,733

Planet

Fitness,

Inc.,

Class

A

*(a)(b)

287,383

21,375,548

PNC

Financial

Services

Group,

Inc.

(The)

(a)(b)

288,108

59,952,394

Polaris,

Inc.

(a)(b)

118,359

6,450,566

Portland

General

Electric

Co.

(a)(b)

131,927

6,961,788

Principal

Financial

Group,

Inc.

(a)

(b)

249,418

22,475,056

Procore

Technologies,

Inc.

*(a)(b)

488,364

27,836,748

Procter

&

Gamble

Co.

(The)

(a)(b)

175,970

25,417,107

Progressive

Corp.

(The)

(a)

161,749

32,065,122

Prologis,

Inc.,

REIT

(a)(b)

156,588

20,697,802

Prosperity

Bancshares,

Inc.

(a)(b)

608,268

40,863,444

Prudential

Financial,

Inc.

(a)

52,596

5,138,103

QUALCOMM,

Inc.

(a)(b)

200,902

25,872,160

Ralph

Lauren

Corp.,

Class

A

(a)

65,996

22,701,964

Rambus,

Inc.

*(a)(b)

19,945

1,715,868

Raymond

James

Financial,

Inc.

(a)

9,601

1,390,129

RBC

Bearings,

Inc.

*(a)(b)

16,089

8,738,258

Regency

Centers

Corp.,

REIT

(a)(b)

91,839

6,948,539

Regeneron

Pharmaceuticals,

Inc.

(a)(b)

75,942

58,675,827

Reinsurance

Group

of

America,

Inc.

(a)(b)

170,423

34,793,560

RenaissanceRe

Holdings

Ltd.

(a)(b)

59,766

17,764,248

Republic

Services,

Inc.,

Class

A

(a)

90,614

19,846,278

Reynolds

Consumer

Products,

Inc.

(a)(b)

327,058

6,927,088

Robert

Half,

Inc.

(a)(b)

649,256

16,491,102

ROBLOX

Corp.,

Class

A

*(a)(b)

402,279

22,752,900

Roivant

Sciences

Ltd.

*(a)(b)

334,847

9,275,262

Roku,

Inc.,

Class

A

*(a)(b)

198,167

18,750,562

Roper

Technologies,

Inc.

(a)

104,351

36,925,645

Ross

Stores,

Inc.

(a)(b)

62,543

13,548,690

Royal

Caribbean

Cruises

Ltd.

(a)(b)

85,426

23,507,527

Royal

Gold,

Inc.

(a)

7,921

2,015,815

Royalty

Pharma

plc,

Class

A

(a)(b)

438,155

21,018,295

RPM

International,

Inc.

(a)(b)

75,756

7,530,146

RTX

Corp.

(a)(b)

30,946

5,969,483

Rubrik,

Inc.,

Class

A

*(a)(b)

193,824

9,491,561

Ryder

System,

Inc.

(a)(b)

68,635

14,050,271

S&P

Global,

Inc.

(a)(b)

108,755

46,257,852

Sandisk

Corp.

*(a)(b)

10,922

6,939,183

Sanofi

SA

(2)(a)

1,058,834

102,251,417

Sarepta

Therapeutics,

Inc.

*(a)(b)

279,114

6,073,521

Science

Applications

International

Corp.

(a)(b)

320,739

30,444,546

Seagate

Technology

Holdings

plc

(a)(b)

102,118

40,005,748

Selective

Insurance

Group,

Inc.

(a)

(b)

477,777

36,019,608

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

111

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

120.3%

(continued)

Sempra

(a)(b)

209,650

20,371,691

SentinelOne,

Inc.,

Class

A

*(a)(b)

1,773,897

22,847,793

Service

Corp.

International

(a)

55,389

4,570,146

ServiceNow,

Inc.

*(a)(b)

21,985

2,298,532

Signify

NV

(2)(a)(c)

47,422

1,010,051

SiteOne

Landscape

Supply,

Inc.

*(a)(b)

206,579

27,497,731

Skyworks

Solutions,

Inc.

(a)(b)

206,089

11,036,066

Smithfield

Foods,

Inc.

(a)

142,293

3,979,935

Smurfit

Westrock

plc

(a)(b)

731,979

29,169,363

Snowflake,

Inc.,

Class

A

*(a)(b)

325,268

49,056,920

Solventum

Corp.

*(a)(b)

152,646

9,967,784

Sonoco

Products

Co.

(a)(b)

41,999

2,271,726

Sotera

Health

Co.

*(a)

581,037

8,332,071

SOUTHSTATE

BANK

Corp.

(a)(b)

221,499

20,493,087

Sprouts

Farmers

Market,

Inc.

*(a)

(b)

242,778

18,725,467

SS&C

Technologies

Holdings,

Inc.

(a)(b)

93,797

6,337,863

State

Street

Corp.

(a)

94,069

11,905,373

STERIS

plc

(a)(b)

85,532

18,913,691

Sterling

Infrastructure,

Inc.

*(a)(b)

7,102

2,892,432

Stifel

Financial

Corp.

(a)(b)

977,437

72,252,143

Stryker

Corp.

(a)

126,833

41,676,055

Sunbelt

Rentals

Holdings,

Inc.

(2)

120,955

7,715,883

Synchrony

Financial

(a)(b)

286,231

19,469,433

Take-Two

Interactive

Software,

Inc.

*(a)(b)

234,894

46,391,565

Target

Corp.

(a)(b)

52,190

6,325,428

Taylor

Morrison

Home

Corp.,

Class

A

*(a)(b)

250,686

14,599,953

TD

SYNNEX

Corp.

(a)(b)

212,132

35,788,790

Tenet

Healthcare

Corp.

*(a)(b)

46,442

8,764,070

Teradyne,

Inc.

(a)(b)

93,922

27,844,116

Texas

Capital

Bancshares,

Inc.

*(a)

(b)

322,699

30,617,681

Texas

Roadhouse,

Inc.,

Class

A

(a)

(b)

323,266

53,384,147

Textron,

Inc.

(a)(b)

311,445

27,270,124

TJX

Cos.,

Inc.

(The)

(a)(b)

552,053

88,162,864

T-Mobile

US,

Inc.

(a)(b)

335,857

70,540,046

Toro

Co.

(The)

(a)

313,033

29,249,804

Tradeweb

Markets,

Inc.,

Class

A

(a)(b)

228,379

26,871,073

TransUnion

(a)(b)

196,865

13,621,089

Travel

+

Leisure

Co.

(a)

59,501

4,116,874

Travelers

Cos.,

Inc.

(The)

(a)(b)

136,577

39,836,779

Trex

Co.,

Inc.

*(a)(b)

365,974

13,328,773

Truist

Financial

Corp.

(a)

93,007

4,275,532

TTM

Technologies,

Inc.

*(a)(b)

144,578

14,084,789

Tyson

Foods,

Inc.,

Class

A

(a)(b)

815,517

52,250,174

Uber

Technologies,

Inc.

*(a)(b)

387,577

27,878,414

Ubiquiti,

Inc.

(a)(b)

10,552

8,339,140

Ulta

Beauty,

Inc.

*(a)(b)

35,258

18,429,709

Ultragenyx

Pharmaceutical,

Inc.

*(a)(b)

811,441

16,999,689

Union

Pacific

Corp.

(a)(b)

37,921

9,200,393

United

Airlines

Holdings,

Inc.

*(a)(b)

286,810

26,406,597

United

Bankshares,

Inc.

(a)

121,454

5,030,625

INVESTMENTS

SHARES

VALUE

($)

United

States

-

120.3%

(continued)

United

Parcel

Service,

Inc.,

Class

B

(a)(b)

120,830

11,887,255

United

Therapeutics

Corp.

*(a)(b)

40,453

23,987,820

Universal

Health

Services,

Inc.,

Class

B

(a)(b)

40,126

7,181,350

US

Bancorp

(a)

115,220

5,992,592

Ventas,

Inc.,

REIT

(a)

288,012

23,553,621

Veralto

Corp.

(a)

236,759

20,934,231

VeriSign,

Inc.

(a)(b)

263,946

65,553,629

Verizon

Communications,

Inc.

(a)(b)

408,806

20,522,061

Versant

Media

Group,

Inc.

*(a)

636,094

23,548,200

Vertex

Pharmaceuticals,

Inc.

*(a)

10,684

4,770,833

Vertiv

Holdings

Co.,

Class

A

(a)(b)

128,869

32,291,994

VF

Corp.

(a)(b)

612,361

10,404,013

VICI

Properties,

Inc.,

Class

A,

REIT

(a)(b)

371,858

10,159,161

Viking

Holdings

Ltd.

*(a)(b)

675,470

49,633,536

Virtu

Financial,

Inc.,

Class

A

(a)

152,413

6,703,124

Walmart,

Inc.

(a)(b)

496,827

61,745,660

Walt

Disney

Co.

(The)

(a)(b)

21,590

2,080,844

Warner

Music

Group

Corp.,

Class

A

(a)

238,640

6,094,866

Waste

Connections,

Inc.

(a)

79,885

12,976,519

Watts

Water

Technologies,

Inc.,

Class

A

(a)

19,462

5,649,624

Wells

Fargo

&

Co.

(a)(b)

312,267

24,859,576

WESCO

International,

Inc.

(a)(b)

50,384

13,786,070

West

Pharmaceutical

Services,

Inc.

(a)(b)

43,505

10,904,093

Western

Alliance

Bancorp

(a)(b)

26,314

1,864,347

Western

Digital

Corp.

(a)(b)

103,629

28,030,608

Westinghouse

Air

Brake

Technologies

Corp.

(a)(b)

111,797

27,939,188

WEX,

Inc.

*(a)(b)

77,856

11,915,082

Weyerhaeuser

Co.,

REIT

(a)

206,688

5,049,388

Woodward,

Inc.

(a)(b)

33,946

12,149,952

Xylem,

Inc.

(a)(b)

40,422

4,830,429

Zoetis,

Inc.,

Class

A

(a)(b)

101,848

12,039,452

Zoom

Communications,

Inc.,

Class

A

*(a)(b)

284,416

22,864,202

Zscaler,

Inc.

*(a)(b)

111,481

15,639,669

9,703,754,890

TOTAL

COMMON

STOCKS

(Cost

$15,118,915,156)

16,393,184,374

SHORT-TERM

INVESTMENTS

-

52.0%

INVESTMENT

COMPANIES

-

23

.6

%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(d)(e)

15,896,039

15,896,039

Limited

Purpose

Cash

Investment

Fund,

3.65%

(d)(f)

1,888,115,788

1,888,115,788

TOTAL

INVESTMENT

COMPANIES

(Cost

$1,903,983,370)

1,904,011,827

—

112

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

28

.4

%

U.S.

Treasury

Bills

3.73%,

4/23/2026

(2)(g)

$

86,194,000

86,002,811

3.71%,

4/30/2026

(2)(g)

165,908,000

165,422,902

3.77%,

5/7/2026

(2)(g)

90,000,000

89,672,175

3.78%,

5/21/2026

(2)(g)

81,848,000

81,435,577

3.70%,

6/4/2026

(2)(g)

170,000,000

168,907,833

3.65%,

6/11/2026

(2)(g)

73,418,000

72,897,123

3.54%,

7/9/2026

(2)(g)

140,000,000

138,611,882

3.55%,

7/23/2026

(2)(g)

150,000,000

148,308,924

3.54%,

7/30/2026

(2)(g)

150,000,000

148,195,641

3.57%,

8/6/2026

(2)(g)

180,000,000

177,720,509

3.56%,

8/13/2026

(2)(g)(h)

195,000,000

192,382,958

3.56%,

8/20/2026

(2)(g)

190,000,000

187,320,268

3.59%,

8/27/2026

(2)(g)(h)

180,000,000

177,339,701

3.60%,

9/3/2026

(2)(g)(h)

60,000,000

59,071,903

3.60%,

9/10/2026

(2)(g)(h)

120,000,000

118,062,426

3.64%,

9/17/2026

(2)(g)(h)

150,000,000

147,469,718

3.70%,

9/24/2026

(2)(g)(h)

40,000,000

39,301,006

3.67%,

10/1/2026

(2)(g)

100,000,000

98,175,083

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$2,296,746,140)

2,296,298,440

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$4,200,729,510)

4,200,310,267

TOTAL

LONG

POSITIONS

(Cost

$19,319,644,666)

20,593,494,641

SHARES

SHORT

POSITIONS

-

(196.2)%

COMMON

STOCKS

-

(195.3)%

Australia

-

(

5

.5

)

%

ALS

Ltd.

(2)

(

190,095

)

(

2,790,517

)

Ampol

Ltd.

(2)

(

648,725

)

(

15,046,188

)

APA

Group

(2)

(

211,222

)

(

1,455,047

)

Atlas

Arteria

Ltd.

(2)

(

1,129,526

)

(

3,349,736

)

BlueScope

Steel

Ltd.

(2)

(

188,372

)

(

3,409,651

)

CAR

Group

Ltd.

(2)

(

454,637

)

(

7,257,538

)

Cleanaway

Waste

Management

Ltd.

(2)

(

851,837

)

(

1,348,947

)

Cochlear

Ltd.

(2)

(

139,006

)

(

16,356,931

)

Coles

Group

Ltd.

(2)

(

919,681

)

(

13,946,747

)

Commonwealth

Bank

of

Australia

(2)

(

133,941

)

(

15,685,404

)

CSL

Ltd.

(2)

(

212,404

)

(

20,862,100

)

Domino's

Pizza

Enterprises

Ltd.

(2)

(

44,064

)

(

499,075

)

Dyno

Nobel

Ltd.

(2)

(

1,851,890

)

(

4,032,678

)

Endeavour

Group

Ltd.

(2)

(

1,263,056

)

(

2,859,079

)

Fortescue

Ltd.

(2)

(

1,496,680

)

(

21,386,960

)

IDP

Education

Ltd.

(2)

(

800,894

)

(

2,293,050

)

Insurance

Australia

Group

Ltd.

(

1,101,350

)

(

5,577,493

)

Lendlease

Corp.

Ltd.

(2)

(

529,958

)

(

1,220,148

)

Liontown

Ltd.

(2)

(

8,060,578

)

(

9,838,470

)

Lynas

Rare

Earths

Ltd.

(2)

(

1,584,060

)

(

21,507,522

)

Macquarie

Group

Ltd.

(2)

(

105,579

)

(

14,998,219

)

Medibank

Pvt

Ltd.

(2)

(

4,118,995

)

(

12,463,187

)

National

Australia

Bank

Ltd.

(2)

(

179,250

)

(

5,184,927

)

New

Hope

Corp.

Ltd.

(2)

(

545,112

)

(

2,226,846

)

NEXTDC

Ltd.

(2)

(

3,333,954

)

(

26,654,886

)

PLS

Group

Ltd.

(2)

(

7,767,442

)

(

28,440,749

)

INVESTMENTS

SHARES

VALUE

($)

Australia

-

(5.5)%

(continued)

Ramsay

Health

Care

Ltd.

(2)

(

816,461

)

(

22,206,814

)

REA

Group

Ltd.

(2)

(

36,351

)

(

3,982,556

)

Reece

Ltd.

(2)

(

668,416

)

(

6,219,725

)

Rio

Tinto

plc

(2)

(

23

)

(

2,134

)

SGH

Ltd.

(2)

(

45,320

)

(

1,289,399

)

Sonic

Healthcare

Ltd.

(2)

(

143,366

)

(

2,037,057

)

Telix

Pharmaceuticals

Ltd.

(2)

(

3,216,053

)

(

30,790,493

)

Treasury

Wine

Estates

Ltd.

(2)

(

9,920,671

)

(

25,602,873

)

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(2)

(

580,332

)

(

16,309,024

)

Westpac

Banking

Corp.

(2)

(

690,019

)

(

19,068,861

)

WiseTech

Global

Ltd.

(2)

(

893,811

)

(

24,115,528

)

Woodside

Energy

Group

Ltd.

(2)

(

956,219

)

(

22,698,280

)

Woolworths

Group

Ltd.

(2)

(

496,907

)

(

12,548,016

)

(447,562,855)

Austria

-

(

0

.1

)

%

Mondi

plc

(2)

(

514,649

)

(

5,818,429

)

Belgium

-

(

0

.8

)

%

Anheuser-Busch

InBev

SA/NV

(2)

(

80,333

)

(

5,557,927

)

D'ieteren

Group

(2)

(

82,697

)

(

15,311,597

)

Elia

Group

SA/NV

(2)

(

17,714

)

(

2,720,856

)

Financiere

de

Tubize

SA

(2)

(

17,092

)

(

4,239,942

)

Lotus

Bakeries

NV

(2)

(

1,244

)

(

14,045,710

)

UCB

SA

(2)

(

78,740

)

(

23,724,104

)

(65,600,136)

Brazil

-

(

0

.3

)

%

MercadoLibre,

Inc.

(

6,360

)

(

10,996,567

)

Yara

International

ASA

(2)

(

205,520

)

(

12,013,554

)

(23,010,121)

Canada

-

(

6

.1

)

%

Algonquin

Power

&

Utilities

Corp.

(

117,631

)

(

720,449

)

Alimentation

Couche-Tard,

Inc.

(

157,409

)

(

8,922,220

)

AtkinsRealis

Group,

Inc.

(

223,233

)

(

14,362,270

)

BCE,

Inc.

(

1,529,234

)

(

38,585,374

)

Bombardier,

Inc.,

Class

B

(

122,965

)

(

21,746,711

)

Brookfield

Asset

Management

Ltd.,

Class

A

(

588,326

)

(

26,157,690

)

Brookfield

Corp.,

Class

A

(

304,840

)

(

12,352,693

)

Brookfield

Renewable

Corp.

(

161,388

)

(

6,431,853

)

CAE,

Inc.

(

264,263

)

(

6,880,602

)

Cameco

Corp.

(

55,347

)

(

6,018,902

)

Canadian

Imperial

Bank

of

Commerce

(

140,170

)

(

13,284,460

)

Canadian

Tire

Corp.

Ltd.,

Class

A

(

52,814

)

(

7,102,612

)

Canadian

Utilities

Ltd.,

Class

A

(

62,369

)

(

2,190,604

)

Capital

Power

Corp.

(

291,170

)

(

13,791,382

)

Capstone

Copper

Corp.

(

1,520,146

)

(

11,463,109

)

CGI,

Inc.

(

194,506

)

(

14,219,869

)

Dollarama,

Inc.

(

36,541

)

(

4,484,685

)

Element

Fleet

Management

Corp.

(

137,060

)

(

2,972,540

)

Equinox

Gold

Corp.

(

802,950

)

(

11,596,050

)

G

Mining

Ventures

Corp.

(

130,069

)

(

4,564,710

)

Gildan

Activewear,

Inc.

(

236,668

)

(

13,179,980

)

Hudbay

Minerals,

Inc.

(

504,034

)

(

10,554,605

)

Hydro

One

Ltd.

(c)

(

344,841

)

(

14,241,331

)

IGM

Financial,

Inc.

(

146,714

)

(

6,990,298

)

Keyera

Corp.

(

370,795

)

(

14,342,951

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

113

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Canada

-

(6.1)%

(continued)

National

Bank

of

Canada

(

120,214

)

(

15,555,835

)

NexGen

Energy

Ltd.

(

603,255

)

(

6,999,163

)

Open

Text

Corp.

(

1,158,673

)

(

25,820,475

)

Pembina

Pipeline

Corp.

(

163,732

)

(

7,329,158

)

RB

Global,

Inc.

(

156,735

)

(

15,031,282

)

Restaurant

Brands

International,

Inc.

(

257,165

)

(

19,029,951

)

Rogers

Communications,

Inc.,

Class

B

(

1,616,330

)

(

62,162,070

)

Saputo,

Inc.

(

179,277

)

(

5,600,876

)

Shopify,

Inc.,

Class

A

(

175,661

)

(

20,842,933

)

Sun

Life

Financial,

Inc.

(

367,414

)

(

23,017,849

)

Triple

Flag

Precious

Metals

Corp.

(

14,497

)

(

503,346

)

(489,050,888)

Chile

-

(

0

.3

)

%

Antofagasta

plc

(2)

(

302,751

)

(

13,576,711

)

Lundin

Mining

Corp.

(

398,694

)

(

9,942,272

)

(23,518,983)

China

-

(

0

.6

)

%

Prosus

NV

(2)

(

944,130

)

(

43,709,036

)

Yangzijiang

Shipbuilding

Holdings

Ltd.

(2)

(

2,479,700

)

(

7,365,679

)

(51,074,715)

Congo,

Democratic

Republic

of

the

-

(

0

.1

)

%

Ivanhoe

Mines

Ltd.,

Class

A

(

1,310,329

)

(

11,199,635

)

Denmark

-

(

2

.0

)

%

ALK-Abello

A/S

(2)

(

39,317

)

(

1,243,039

)

Ambu

A/S,

Class

B

(2)

(

69,621

)

(

744,060

)

Carlsberg

A/S,

Class

B

(

275,000

)

(

34,164,450

)

Coloplast

A/S,

Class

B

(2)

(

196,686

)

(

13,398,041

)

Demant

A/S

(2)

(

352,440

)

(

10,680,177

)

DSV

A/S

(2)

(

135,689

)

(

32,770,015

)

NKT

A/S

(2)

(

28,204

)

(

3,671,624

)

Novo

Nordisk

A/S,

Class

B

(2)

(

429,791

)

(

15,727,985

)

Novonesis

Novozymes,

Class

B

(2)

(

544,144

)

(

32,328,240

)

Tryg

A/S

(

623,972

)

(

14,872,562

)

(159,600,193)

Finland

-

(

0

.7

)

%

Kesko

OYJ,

Class

B

(2)

(

33,793

)

(

750,487

)

Metso

OYJ

(2)

(

323,773

)

(

5,611,083

)

Neste

OYJ

(2)

(

97,740

)

(

3,176,311

)

Nokia

OYJ

(2)

(

2,057,812

)

(

16,507,813

)

Orion

OYJ,

Class

B

(2)

(

93,080

)

(

7,523,332

)

Stora

Enso

OYJ,

Class

R

(2)

(

393,476

)

(

4,620,550

)

UPM-Kymmene

OYJ

(2)

(

527,587

)

(

16,513,349

)

Valmet

OYJ

(2)

(

66,409

)

(

1,900,198

)

(56,603,123)

France

-

(

6

.8

)

%

Accor

SA

(2)

(

323,840

)

(

15,532,397

)

Aeroports

de

Paris

SA

(2)

(

63,774

)

(

7,791,088

)

Air

Liquide

SA

(2)

(

57,687

)

(

11,923,817

)

Airbus

SE

(2)

(

245,256

)

(

46,371,279

)

Alstom

SA

(2)

(

481,352

)

(

13,765,815

)

Amundi

SA

(2)(c)

(

14,059

)

(

1,208,200

)

Arkema

SA

(2)

(

93,082

)

(

6,390,810

)

INVESTMENTS

SHARES

VALUE

($)

France

-

(6.8)%

(continued)

AXA

SA

(2)

(

795,361

)

(

36,548,080

)

BioMerieux

(2)

(

156,789

)

(

16,750,368

)

Bollore

SE

(2)

(

607,616

)

(

3,474,359

)

Bureau

Veritas

SA

(2)

(

592,933

)

(

17,747,320

)

Capgemini

SE

(2)

(

171,682

)

(

20,258,214

)

Cie

de

Saint-Gobain

SA

(2)

(

372,422

)

(

30,834,470

)

Cie

Generale

des

Etablissements

Michelin

SCA

(2)

(

1,422,227

)

(

48,723,932

)

Dassault

Systemes

SE

(2)

(

1,778,081

)

(

35,995,914

)

Edenred

SE

(2)

(

346,195

)

(

6,895,830

)

Elis

SA

(2)

(

80,577

)

(

2,281,815

)

Engie

SA

(2)

(

1,630,518

)

(

52,547,447

)

EssilorLuxottica

SA

(2)

(

108,571

)

(

25,299,769

)

FDJ

UNITED

(2)

(

490,883

)

(

14,446,158

)

Gaztransport

Et

Technigaz

SA

(2)

(

21,732

)

(

5,111,230

)

Getlink

SE

(2)

(

515,353

)

(

11,120,725

)

Kering

SA

(2)

(

23,419

)

(

7,111,497

)

L'Oreal

SA

(2)

(

35,750

)

(

14,596,385

)

Pernod

Ricard

SA

(2)

(

273,984

)

(

20,373,964

)

Publicis

Groupe

SA

(2)

(

188,958

)

(

15,639,962

)

Remy

Cointreau

SA

(2)

(

169,355

)

(

7,323,373

)

Rexel

SA

(2)

(

48,416

)

(

1,918,534

)

Sartorius

Stedim

Biotech

(2)

(

50,636

)

(

9,861,979

)

Sodexo

SA

(2)

(

373,265

)

(

19,160,463

)

SPIE

SA

(2)

(

195,079

)

(

9,768,705

)

Technip

Energies

NV

(2)

(

194,711

)

(

8,228,012

)

Teleperformance

SE

(2)

(

53,003

)

(

3,114,609

)

(548,116,520)

Germany

-

(

6

.0

)

%

BASF

SE

(2)

(

1,145,552

)

(

70,555,018

)

Bayer

AG

(Registered)

(2)

(

436,185

)

(

20,185,870

)

Bayerische

Motoren

Werke

AG

(2)

(

57,157

)

(

5,287,408

)

Beiersdorf

AG

(2)

(

96,606

)

(

8,683,658

)

Brenntag

SE

(2)

(

96,505

)

(

6,537,081

)

Carl

Zeiss

Meditec

AG

(2)

(

42,357

)

(

1,217,462

)

CTS

Eventim

AG

&

Co.

KGaA

(2)

(

279,830

)

(

16,389,843

)

Deutsche

Post

AG

(2)

(

254,211

)

(

13,398,681

)

E.ON

SE

(2)

(

2,040,679

)

(

44,693,868

)

Heidelberg

Materials

AG

(2)

(

43,208

)

(

9,118,465

)

Hensoldt

AG

(2)

(

276,765

)

(

24,562,998

)

HOCHTIEF

AG

(2)

(

15,764

)

(

7,170,594

)

Infineon

Technologies

AG

(2)

(

1,272,838

)

(

57,743,741

)

Merck

KGaA

(2)

(

188,820

)

(

23,990,294

)

MTU

Aero

Engines

AG

(2)

(

93,681

)

(

34,176,599

)

RENK

Group

AG

(2)

(

243,927

)

(

14,579,930

)

SAP

SE

(2)

(

145,191

)

(

24,752,545

)

Schaeffler

AG

(2)

(

678,198

)

(

5,664,787

)

Siemens

AG

(Registered)

(2)

(

130,495

)

(

31,793,031

)

Siemens

Healthineers

AG

(2)(c)

(

184,225

)

(

7,860,154

)

Symrise

AG,

Class

A

(2)

(

256,803

)

(

21,928,867

)

TeamViewer

SE

(2)(c)

(

864,066

)

(

4,479,138

)

Wacker

Chemie

AG

(2)

(

33,518

)

(

3,318,168

)

Zalando

SE

(2)(c)

(

1,042,701

)

(

25,473,956

)

(483,562,156)

114

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Italy

-

(

4

.2

)

%

Banca

Monte

dei

Paschi

di

Siena

SpA

(2)

(

5,567,984

)

(

48,583,611

)

BPER

Banca

SpA

(2)

(

3,516,285

)

(

46,081,684

)

Brunello

Cucinelli

SpA

(2)

(

137,208

)

(

11,991,179

)

Coca-Cola

HBC

AG

(2)

(

313,115

)

(

17,637,519

)

DiaSorin

SpA

(2)

(

76,988

)

(

5,394,000

)

ERG

SpA

(2)

(

78,029

)

(

1,992,188

)

Ferrari

NV

(2)

(

162,326

)

(

55,077,854

)

Generali

(2)

(

151,048

)

(

6,076,889

)

Infrastrutture

Wireless

Italiane

SpA

(2)(c)

(

352,426

)

(

2,812,466

)

Interpump

Group

SpA

(2)

(

41,227

)

(

1,574,080

)

Italgas

SpA

(2)

(

2,286,699

)

(

26,637,728

)

Moncler

SpA

(2)

(

274,289

)

(

16,514,545

)

Prysmian

SpA

(2)

(

275,249

)

(

32,504,453

)

Recordati

Industria

Chimica

e

Farmaceutica

SpA

(2)

(

109,289

)

(

6,257,730

)

Technoprobe

SpA

(2)

(

377,841

)

(

6,332,080

)

Telecom

Italia

SpA

(2)

(

41,138,396

)

(

28,883,421

)

Terna

-

Rete

Elettrica

Nazionale

(2)

(

2,283,707

)

(

26,119,699

)

(340,471,126)

Japan

-

(

21

.7

)

%

Allegro

MicroSystems,

Inc.

(

267,660

)

(

8,439,320

)

Asics

Corp.

(2)

(

549,800

)

(

14,781,437

)

Azbil

Corp.

(2)

(

1,271,800

)

(

11,112,450

)

Bridgestone

Corp.

(2)

(

226,900

)

(

4,728,203

)

Capcom

Co.

Ltd.

(2)

(

897,700

)

(

18,970,133

)

Chiba

Bank

Ltd.

(The)

(2)

(

2,011,200

)

(

26,034,105

)

Chugai

Pharmaceutical

Co.

Ltd.

(2)

(

703,400

)

(

38,791,443

)

Daifuku

Co.

Ltd.

(2)

(

1,242,900

)

(

43,885,656

)

Daiwa

Securities

Group,

Inc.

(2)

(

946,100

)

(

8,964,667

)

Dentsu

Group,

Inc.

(2)

(

160,900

)

(

2,765,424

)

Ebara

Corp.

(2)

(

974,200

)

(

27,577,785

)

Fast

Retailing

Co.

Ltd.

(2)

(

15,900

)

(

6,282,192

)

Fuji

Electric

Co.

Ltd.

(2)

(

160,200

)

(

11,222,342

)

FUJIFILM

Holdings

Corp.

(2)

(

128,100

)

(

2,441,029

)

Fujikura

Ltd.

(2)

(

612,600

)

(

16,847,745

)

Hitachi

Construction

Machinery

Co.

Ltd.

(2)

(

322,300

)

(

11,066,888

)

Hoshizaki

Corp.

(2)

(

80,600

)

(

2,594,688

)

Ibiden

Co.

Ltd.

(2)

(

1,210,700

)

(

60,584,042

)

IHI

Corp.

(2)

(

1,831,500

)

(

37,789,352

)

Inpex

Corp.

(2)

(

495,700

)

(

14,662,557

)

Isuzu

Motors

Ltd.

(2)

(

654,100

)

(

9,419,542

)

ITOCHU

Corp.

(2)

(

4,923,500

)

(

62,629,339

)

Japan

Post

Insurance

Co.

Ltd.

(2)

(

1,510,200

)

(

15,231,270

)

Kansai

Electric

Power

Co.,

Inc.

(The)

(2)

(

201,600

)

(

3,351,817

)

Kawasaki

Heavy

Industries

Ltd.

(2)

(

1,249,000

)

(

23,490,123

)

Kawasaki

Kisen

Kaisha

Ltd.

(2)

(

1,295,700

)

(

21,885,180

)

KDDI

Corp.

(2)

(

1,674,400

)

(

28,509,558

)

Keisei

Electric

Railway

Co.

Ltd.

(2)

(

1,092,900

)

(

8,177,036

)

Keyence

Corp.

(2)

(

35,200

)

(

12,527,939

)

Kikkoman

Corp.

(2)

(

1,290,100

)

(

11,712,514

)

Kokusai

Electric

Corp.

(2)

(

419,900

)

(

14,198,791

)

Komatsu

Ltd.

(2)

(

253,700

)

(

10,102,481

)

Konami

Group

Corp.

(2)

(

122,700

)

(

15,120,095

)

Kubota

Corp.

(2)

(

2,448,700

)

(

39,240,879

)

Kyocera

Corp.

(2)

(

1,142,800

)

(

17,523,176

)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(21.7)%

(continued)

Kyowa

Kirin

Co.

Ltd.

(2)

(

471,300

)

(

7,713,318

)

Lasertec

Corp.

(2)

(

175,300

)

(

39,017,148

)

M3,

Inc.

(2)

(

3,893,200

)

(

39,961,236

)

Makita

Corp.

(2)

(

142,700

)

(

4,690,030

)

Marubeni

Corp.

(2)

(

945,900

)

(

34,602,860

)

MEIJI

Holdings

Co.

Ltd.

(2)

(

518,000

)

(

12,632,820

)

Mitsubishi

Corp.

(2)

(

1,099,500

)

(

37,719,413

)

Mitsubishi

HC

Capital,

Inc.

(2)

(

1,377,200

)

(

12,357,707

)

Mitsui

Kinzoku

Co.

Ltd.

(2)

(

107,500

)

(

20,391,120

)

Mitsui

OSK

Lines

Ltd.

(2)

(

270,000

)

(

11,221,417

)

MonotaRO

Co.

Ltd.

(2)

(

1,323,500

)

(

14,346,105

)

NIDEC

Corp.

(2)

(

853,800

)

(

10,841,738

)

Nintendo

Co.

Ltd.

(2)

(

162,000

)

(

9,247,874

)

Nippon

Paint

Holdings

Co.

Ltd.

(2)

(

2,642,400

)

(

16,569,286

)

Nippon

Sanso

Holdings

Corp.

(2)

(

1,514,600

)

(

53,705,295

)

Nissan

Chemical

Corp.

(2)

(

292,600

)

(

11,378,118

)

Nissan

Motor

Co.

Ltd.

(2)

(

591,600

)

(

1,282,216

)

Nissin

Foods

Holdings

Co.

Ltd.

(2)

(

1,272,900

)

(

24,159,272

)

Nitori

Holdings

Co.

Ltd.

(2)

(

1,155,900

)

(

18,364,375

)

Nitto

Denko

Corp.

(2)

(

604,900

)

(

12,100,557

)

Nomura

Research

Institute

Ltd.

(2)

(

1,160,000

)

(

31,746,467

)

Olympus

Corp.

(2)

(

4,534,900

)

(

43,205,486

)

Ono

Pharmaceutical

Co.

Ltd.

(2)

(

190,200

)

(

3,052,712

)

Oriental

Land

Co.

Ltd.

(2)

(

1,732,000

)

(

29,478,287

)

Osaka

Gas

Co.

Ltd.

(2)

(

110,100

)

(

4,459,548

)

Otsuka

Holdings

Co.

Ltd.

(2)

(

155,100

)

(

11,007,583

)

Rakuten

Bank

Ltd.

(2)

(

468,000

)

(

17,109,937

)

Resonac

Holdings

Corp.

(2)

(

709,900

)

(

46,202,975

)

Ricoh

Co.

Ltd.

(2)

(

585,600

)

(

4,950,370

)

Ryohin

Keikaku

Co.

Ltd.

(2)

(

1,464,000

)

(

31,241,187

)

Sanrio

Co.

Ltd.

(2)

(

4,834,000

)

(

30,054,209

)

SCREEN

Holdings

Co.

Ltd.

(2)

(

1,078,000

)

(

64,223,542

)

Secom

Co.

Ltd.

(2)

(

251,400

)

(

9,576,031

)

Seibu

Holdings,

Inc.

(2)

(

122,900

)

(

3,433,675

)

Sekisui

House

Ltd.

(2)

(

1,129,600

)

(

25,311,032

)

SG

Holdings

Co.

Ltd.

(

1,365,000

)

(

12,716,376

)

Shimadzu

Corp.

(2)

(

172,200

)

(

4,091,965

)

Shimano,

Inc.

(2)

(

71,900

)

(

7,506,566

)

Shiseido

Co.

Ltd.

(2)

(

114,500

)

(

2,339,262

)

SMC

Corp.

(2)

(

19,400

)

(

7,629,987

)

SoftBank

Group

Corp.

(2)

(

825,600

)

(

20,103,154

)

Sompo

Holdings,

Inc.

(2)

(

406,500

)

(

15,824,331

)

Sumitomo

Electric

Industries

Ltd.

(2)

(

37,600

)

(

2,136,435

)

Sumitomo

Forestry

Co.

Ltd.

(2)

(

150,500

)

(

1,369,348

)

Suntory

Beverage

&

Food

Ltd.

(2)

(

133,500

)

(

3,770,054

)

Suzuki

Motor

Corp.

(2)

(

1,642,500

)

(

20,019,980

)

Sysmex

Corp.

(2)

(

250,600

)

(

2,185,455

)

T&D

Holdings,

Inc.

(2)

(

298,300

)

(

7,640,816

)

Takeda

Pharmaceutical

Co.

Ltd.

(2)

(

813,200

)

(

29,948,444

)

TDK

Corp.

(2)

(

744,000

)

(

9,664,765

)

TIS,

Inc.

(2)

(

292,100

)

(

6,245,515

)

Toei

Animation

Co.

Ltd.

(2)

(

10,100

)

(

166,282

)

Toho

Co.

Ltd.

(

1,664,500

)

(

17,483,517

)

TOPPAN

Holdings,

Inc.

(2)

(

341,500

)

(

9,006,955

)

Toyo

Suisan

Kaisha

Ltd.

(2)

(

170,200

)

(

11,969,443

)

Toyota

Industries

Corp.

(2)

(

328,145

)

(

42,435,693

)

Toyota

Tsusho

Corp.

(2)

(

246,400

)

(

9,549,669

)

Trend

Micro,

Inc.

(2)

(

262,300

)

(

8,744,185

)

Unicharm

Corp.

(

1,597,700

)

(

9,367,442

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

115

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(21.7)%

(continued)

West

Japan

Railway

Co.

(

117,000

)

(

2,306,014

)

Yakult

Honsha

Co.

Ltd.

(2)

(

859,600

)

(

14,383,947

)

Yamaha

Motor

Co.

Ltd.

(2)

(

5,556,900

)

(

40,145,253

)

Yaskawa

Electric

Corp.

(2)

(

183,200

)

(

4,838,625

)

Zensho

Holdings

Co.

Ltd.

(2)

(

251,900

)

(

14,706,631

)

ZOZO,

Inc.

(2)

(

500,100

)

(

3,502,158

)

(1,751,814,411)

Kazakhstan

-

(

0

.1

)

%

Freedom

Holding

Corp.

(

41,806

)

(

6,056,853

)

Luxembourg

-

(

0

.9

)

%

ArcelorMittal

SA

(2)

(

1,054,495

)

(

54,687,691

)

CVC

Capital

Partners

plc

(2)(c)

(

829,298

)

(

10,826,728

)

Eurofins

Scientific

SE

(2)

(

123,951

)

(

9,044,583

)

(74,559,002)

Mexico

-

(

0

.2

)

%

Fresnillo

plc

(2)

(

417,536

)

(

18,507,707

)

Netherlands

-

(

1

.5

)

%

ABN

AMRO

Bank

NV,

CVA

(2)(c)

(

193,494

)

(

6,133,916

)

Adyen

NV

(2)(c)

(

44,123

)

(

44,160,523

)

Akzo

Nobel

NV

(2)

(

87,380

)

(

5,023,069

)

Arcadis

NV

(2)

(

281,109

)

(

8,993,187

)

EXOR

NV

(2)

(

57,940

)

(

4,435,178

)

IMCD

NV

(2)

(

43,480

)

(

4,550,006

)

Koninklijke

Philips

NV

(2)

(

253,668

)

(

6,938,387

)

NXP

Semiconductors

NV

(

27,095

)

(

5,333,922

)

Randstad

NV

(2)

(

78,922

)

(

2,059,851

)

SBM

Offshore

NV

(2)

(

61,855

)

(

2,466,642

)

Universal

Music

Group

NV

(2)

(

1,562,274

)

(

30,325,021

)

(120,419,702)

Norway

-

(

0

.6

)

%

Aker

BP

ASA

(2)

(

618,020

)

(

22,847,547

)

Mowi

ASA

(2)

(

45

)

(

1,023

)

Orkla

ASA

(2)

(

1,329,575

)

(

16,732,215

)

Salmar

ASA

(

92,767

)

(

5,412,981

)

TOMRA

Systems

ASA

(2)

(

178,973

)

(

2,157,730

)

(47,151,496)

Portugal

-

(

0

.2

)

%

Galp

Energia

SGPS

SA

(2)

(

274,407

)

(

6,579,620

)

Jeronimo

Martins

SGPS

SA

(2)

(

250,923

)

(

5,999,908

)

(12,579,528)

Singapore

-

(

1

.2

)

%

CapitaLand

Investment

Ltd.

(2)

(

1,117,100

)

(

2,377,859

)

DBS

Group

Holdings

Ltd.

(2)

(

141,200

)

(

6,283,418

)

Grab

Holdings

Ltd.,

Class

A

(

9,449,492

)

(

34,585,141

)

Keppel

Ltd.

(2)

(

759,700

)

(

6,998,530

)

Singapore

Technologies

Engineering

Ltd.

(2)

(

407,100

)

(

3,455,153

)

STMicroelectronics

NV

(2)

(

1,254,750

)

(

42,697,399

)

(96,397,500)

South

Africa

-

(

0

.0

)

%

†

Anglo

American

plc

(2)

(

84,006

)

(

3,606,848

)

INVESTMENTS

SHARES

VALUE

($)

South

Korea

-

(

0

.1

)

%

Delivery

Hero

SE

(2)(c)

(

456,643

)

(

8,484,955

)

Spain

-

(

1

.5

)

%

Acciona

SA

(2)

(

66,735

)

(

17,548,799

)

Amadeus

IT

Group

SA

(2)

(

466,459

)

(

26,672,485

)

Endesa

SA

(

568,070

)

(

23,690,262

)

Indra

Sistemas

SA

(2)

(

664,266

)

(

37,126,112

)

Redeia

Corp.

SA

(2)

(

527,901

)

(

8,948,104

)

Telefonica

SA

(2)

(

1,791,766

)

(

7,839,929

)

(121,825,691)

Sweden

-

(

2

.5

)

%

AAK

AB

(2)

(

290,281

)

(

7,475,521

)

AddTech

AB,

Class

B

(2)

(

166,114

)

(

5,700,193

)

Atlas

Copco

AB,

Class

A

(2)

(

1,801,678

)

(

31,793,899

)

Beijer

Ref

AB,

Class

B

(2)

(

101,189

)

(

1,402,796

)

Elekta

AB,

Class

B

(2)

(

160,909

)

(

951,759

)

Embracer

Group

AB

(2)

(

143,944

)

(

742,010

)

Epiroc

AB,

Class

A

(2)

(

353,988

)

(

8,714,069

)

EQT

AB

(2)

(

521,457

)

(

16,179,611

)

Essity

AB,

Class

B

(2)

(

188,219

)

(

4,850,932

)

H

&

M

Hennes

&

Mauritz

AB,

Class

B

(2)

(

702,819

)

(

13,148,938

)

Hexagon

AB,

Class

B

(2)

(

2,879,814

)

(

28,026,687

)

Holmen

AB,

Class

B

(2)

(

89,620

)

(

3,213,767

)

Indutrade

AB

(2)

(

125,238

)

(

2,871,565

)

Lifco

AB,

Class

B

(2)

(

413,051

)

(

12,495,784

)

Nibe

Industrier

AB,

Class

B

(2)

(

1,009,008

)

(

4,216,077

)

Nordnet

AB

publ

(2)

(

102,476

)

(

3,337,053

)

Sandvik

AB

(2)

(

316,263

)

(

12,157,735

)

Securitas

AB,

Class

B

(2)

(

30,936

)

(

518,114

)

Skandinaviska

Enskilda

Banken

AB,

Class

A

(2)

(

724,932

)

(

13,395,945

)

Skanska

AB,

Class

B

(2)

(

56,850

)

(

1,537,743

)

SSAB

AB,

Class

B

(2)

(

819,556

)

(

6,460,642

)

Svenska

Cellulosa

AB

SCA,

Class

B

(2)

(

1,626,708

)

(

18,860,646

)

Trelleborg

AB,

Class

B

(2)

(

33,165

)

(

1,240,356

)

Volvo

AB,

Class

B

(2)

(

58,735

)

(

1,931,167

)

(201,223,009)

Switzerland

-

(

4

.7

)

%

Bachem

Holding

AG,

Class

B

(2)

(

107,461

)

(

8,867,232

)

Banque

Cantonale

Vaudoise

(Registered)

(2)

(

22,572

)

(

3,671,229

)

Barry

Callebaut

AG

(Registered)

(2)

(

18,440

)

(

32,428,503

)

Belimo

Holding

AG

(Registered)

(2)

(

13,723

)

(

11,145,118

)

Cie

Financiere

Richemont

SA

(Registered)

(2)

(

174,554

)

(

30,820,326

)

Clariant

AG

(Registered)

(2)

(

211,874

)

(

2,078,692

)

EMS-Chemie

Holding

AG

(Registered)

(2)

(

7,817

)

(

6,146,424

)

Georg

Fischer

AG

(Registered)

(2)

(

153,556

)

(

7,921,832

)

Helvetia

Baloise

Holding

AG

(2)

(

33,563

)

(

8,686,447

)

Lonza

Group

AG

(Registered)

(2)

(

27,004

)

(

17,323,568

)

Partners

Group

Holding

AG

(2)

(

72,036

)

(

77,643,348

)

Sandoz

Group

AG

(2)

(

364,069

)

(

28,525,129

)

Schindler

Holding

AG

(2)

(

5,590

)

(

1,841,306

)

SIG

Group

AG

(2)

(

639,181

)

(

9,581,542

)

Straumann

Holding

AG

(Registered)

(2)

(

221,227

)

(

23,145,461

)

116

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Switzerland

-

(4.7)%

(continued)

Sulzer

AG

(Registered)

(2)

(

10,700

)

(

2,243,209

)

Swatch

Group

AG

(The)

(2)

(

61,648

)

(

13,609,506

)

Swiss

Life

Holding

AG

(Registered)

(2)

(

10,692

)

(

11,645,871

)

Swisscom

AG

(Registered)

(2)

(

65,410

)

(

54,889,684

)

Tecan

Group

AG

(Registered)

(2)

(

19,948

)

(

3,395,380

)

Temenos

AG

(Registered)

(2)

(

35,266

)

(

3,090,935

)

VAT

Group

AG

(2)(c)

(

33,842

)

(

21,112,053

)

Ypsomed

Holding

AG

(Registered)

(2)

(

4,171

)

(

1,462,212

)

(381,275,007)

Thailand

-

(

0

.0

)

%

†

Fabrinet

(

3,466

)

(

1,807,588

)

Turkiye

-

(

0

.0

)

%

†

Eldorado

Gold

Corp.

(

36,518

)

(

1,254,018

)

United

Kingdom

-

(

7

.2

)

%

Associated

British

Foods

plc

(2)

(

1,362,965

)

(

34,118,220

)

AstraZeneca

plc

(2)

(

157,092

)

(

30,717,769

)

Autotrader

Group

plc

(2)(c)

(

590,508

)

(

3,696,039

)

Aviva

plc

(2)

(

2,298,833

)

(

18,449,029

)

B&M

European

Value

Retail

plc

(2)

(

688,757

)

(

1,546,637

)

Babcock

International

Group

plc

(2)

(

1,245,095

)

(

19,329,616

)

BAE

Systems

plc

(2)

(

133,276

)

(

3,907,453

)

Barratt

Redrow

plc

(2)

(

2,045,028

)

(

7,112,781

)

Berkeley

Group

Holdings

plc

(2)

(

96,662

)

(

4,427,985

)

British

American

Tobacco

plc

(2)

(

68,461

)

(

3,974,765

)

BT

Group

plc

(2)

(

12,550,990

)

(

35,174,996

)

Bunzl

plc

(2)

(

571,788

)

(

17,213,932

)

Convatec

Group

plc

(2)(c)

(

1,161,700

)

(

3,350,852

)

Croda

International

plc

(2)

(

64,245

)

(

2,412,574

)

DCC

plc

(2)

(

94,557

)

(

5,856,589

)

Diageo

plc

(2)

(

532,410

)

(

9,901,343

)

Halma

plc

(2)

(

217,191

)

(

11,083,423

)

Harbour

Energy

plc

(2)

(

410,421

)

(

1,632,014

)

Hikma

Pharmaceuticals

plc

(2)

(

240,096

)

(

4,032,616

)

HSBC

Holdings

plc

(2)

(

2,192,993

)

(

36,014,633

)

Informa

plc

(2)

(

406,492

)

(

4,082,690

)

Investec

plc

(2)

(

99,960

)

(

770,452

)

J

Sainsbury

plc

(

4,841,027

)

(

21,721,708

)

JD

Sports

Fashion

plc

(2)

(

4,825,250

)

(

4,576,552

)

Legal

&

General

Group

plc

(2)

(

3,117,220

)

(

10,244,228

)

Man

Group

plc

(2)

(

915,091

)

(

3,080,669

)

Marks

&

Spencer

Group

plc

(2)

(

800,808

)

(

3,608,220

)

Melrose

Industries

plc

(2)

(

290,687

)

(

1,969,753

)

National

Grid

plc

(2)

(

4,118,987

)

(

69,528,887

)

Rentokil

Initial

plc

(2)

(

739,132

)

(

4,587,000

)

RS

GROUP

plc

(2)

(

285,695

)

(

2,139,269

)

Sage

Group

plc

(The)

(2)

(

136,556

)

(

1,530,164

)

Severn

Trent

plc

(2)

(

371,223

)

(

15,225,203

)

Smith

&

Nephew

plc

(2)

(

1,481,914

)

(

23,479,465

)

Spirax

Group

plc

(2)

(

78,527

)

(

7,044,961

)

SSE

plc

(2)

(

2,346,079

)

(

81,100,674

)

St

James's

Place

plc

(2)

(

533,615

)

(

8,419,711

)

Standard

Chartered

plc

(2)

(

1,028,818

)

(

21,440,414

)

Tate

&

Lyle

plc

(

1,078,569

)

(

5,167,890

)

United

Utilities

Group

plc

(2)

(

270,580

)

(

4,717,877

)

Weir

Group

plc

(The)

(2)

(

270,967

)

(

10,162,001

)

Whitbread

plc

(2)

(

171,952

)

(

5,286,712

)

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

(7.2)%

(continued)

Wise

plc,

Class

A

(2)

(

1,434,800

)

(

17,278,127

)

WPP

plc

(2)

(

740,467

)

(

2,315,789

)

(583,431,682)

United

States

-

(

119

.4

)

%

3M

Co.

(

47,024

)

(

6,829,296

)

A

O

Smith

Corp.

(

518,189

)

(

34,169,383

)

AAON,

Inc.

(

237,360

)

(

19,641,540

)

Abbott

Laboratories

(

264,131

)

(

27,118,330

)

AbbVie,

Inc.

(

304,897

)

(

66,312,048

)

Acadia

Healthcare

Co.,

Inc.

(

2,003,194

)

(

46,854,708

)

Accenture

plc,

Class

A

(

57,795

)

(

11,460,171

)

Advanced

Micro

Devices,

Inc.

(

60,741

)

(

12,356,542

)

AECOM

(

187,447

)

(

15,899,255

)

AeroVironment,

Inc.

(

87,547

)

(

16,025,478

)

Aflac,

Inc.

(

242,508

)

(

26,605,553

)

Air

Products

and

Chemicals,

Inc.

(

177,275

)

(

51,496,615

)

Akamai

Technologies,

Inc.

(

79,546

)

(

9,135,858

)

Alaska

Air

Group,

Inc.

(

508,914

)

(

18,717,857

)

Albertsons

Cos.,

Inc.,

Class

A

(

1,017,135

)

(

17,331,980

)

Align

Technology,

Inc.

(

60,129

)

(

10,307,914

)

Alliant

Energy

Corp.

(

648,330

)

(

46,524,161

)

Allison

Transmission

Holdings,

Inc.

(

37,104

)

(

4,343,394

)

Allstate

Corp.

(The)

(

45,262

)

(

9,384,623

)

Alphabet,

Inc.,

Class

A

(

135,989

)

(

39,104,997

)

Altria

Group,

Inc.

(

211,035

)

(

13,926,200

)

Amcor

plc

(

771,882

)

(

30,682,310

)

Amentum

Holdings,

Inc.

(

258,520

)

(

6,742,202

)

American

Healthcare

REIT,

Inc.,

REIT

(

993,316

)

(

46,844,783

)

Americold

Realty

Trust,

Inc.,

REIT

(

2,613,742

)

(

29,953,483

)

Amgen,

Inc.

(

167,554

)

(

58,953,874

)

Amkor

Technology,

Inc.

(

156,489

)

(

7,046,700

)

Apellis

Pharmaceuticals,

Inc.

(

1,195,144

)

(

48,080,643

)

Apollo

Global

Management,

Inc.

(

239,718

)

(

26,709,380

)

Appfolio,

Inc.,

Class

A

(

89,603

)

(

14,141,145

)

Apple,

Inc.

(

350,320

)

(

88,907,712

)

AppLovin

Corp.,

Class

A

(

70,664

)

(

28,124,272

)

Aptiv

plc

(

148,220

)

(

10,292,397

)

Archer-Daniels-Midland

Co.

(

441,992

)

(

32,128,398

)

Arrowhead

Pharmaceuticals,

Inc.

(

427,484

)

(

26,803,247

)

Arthur

J

Gallagher

&

Co.

(

247,353

)

(

53,571,713

)

Ashland,

Inc.

(

39,982

)

(

2,223,399

)

Associated

Banc-Corp.

(

955,436

)

(

24,707,575

)

Assurant,

Inc.

(

80,670

)

(

17,570,733

)

AST

SpaceMobile,

Inc.

(

363,444

)

(

30,118,604

)

Astera

Labs,

Inc.

(

359,482

)

(

39,399,227

)

AT&T,

Inc.

(

1,195,279

)

(

34,651,138

)

Aurora

Innovation,

Inc.

(

4,442,379

)

(

18,302,601

)

Automatic

Data

Processing,

Inc.

(

54,052

)

(

10,982,285

)

AvalonBay

Communities,

Inc.,

REIT

(

135,414

)

(

22,119,877

)

Avery

Dennison

Corp.

(

96,399

)

(

16,646,179

)

Avient

Corp.

(

322,078

)

(

11,691,431

)

Avis

Budget

Group,

Inc.

(

427,636

)

(

62,370,710

)

Axon

Enterprise,

Inc.

(

43,919

)

(

18,651,960

)

Bank

OZK

(

412,999

)

(

18,952,524

)

Baxter

International,

Inc.

(

802,554

)

(

13,482,907

)

Becton

Dickinson

&

Co.

(

63,461

)

(

9,977,973

)

Belden,

Inc.

(

117,465

)

(

13,488,506

)

Bentley

Systems,

Inc.,

Class

B

(

1,599,716

)

(

56,182,025

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

117

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(119.4)%

(continued)

BILL

Holdings,

Inc.

(

406,284

)

(

15,560,677

)

Bio-Rad

Laboratories,

Inc.,

Class

A

(

85,163

)

(

23,739,186

)

Bio-Techne

Corp.

(

485,481

)

(

25,371,237

)

BJ's

Wholesale

Club

Holdings,

Inc.

(

245,794

)

(

24,191,045

)

Black

Hills

Corp.

(

138,125

)

(

9,587,256

)

Blackbaud,

Inc.

(

113,365

)

(

4,377,023

)

Blackstone,

Inc.

(

53,726

)

(

6,177,953

)

Block,

Inc.,

Class

A

(

232,946

)

(

14,018,690

)

Bloom

Energy

Corp.,

Class

A

(

88,658

)

(

12,012,272

)

BOK

Financial

Corp.

(

117,062

)

(

14,990,960

)

Brixmor

Property

Group,

Inc.,

REIT

(

400,878

)

(

11,545,286

)

Brown

&

Brown,

Inc.

(

479,135

)

(

31,244,393

)

Brown-Forman

Corp.,

Class

B

(

565,184

)

(

14,943,465

)

Builders

FirstSource,

Inc.

(

282,578

)

(

23,264,647

)

Bunge

Global

SA

(

277,855

)

(

35,343,156

)

BWX

Technologies,

Inc.

(

45,575

)

(

9,319,632

)

BXP,

Inc.,

REIT

(

262,935

)

(

13,646,327

)

Cabot

Corp.

(

222,687

)

(

16,770,558

)

Cadence

Design

Systems,

Inc.

(

148,454

)

(

41,250,913

)

Caesars

Entertainment,

Inc.

(

131,383

)

(

3,472,453

)

Campbell's

Co.

(The)

(

904,300

)

(

20,138,761

)

Carlisle

Cos.,

Inc.

(

24,796

)

(

8,272,442

)

Carvana

Co.,

Class

A

(

109,043

)

(

34,280,938

)

Caterpillar,

Inc.

(

41,980

)

(

29,741,151

)

Cava

Group,

Inc.

(

612,318

)

(

49,536,526

)

Cboe

Global

Markets,

Inc.

(

67,292

)

(

18,913,762

)

CBRE

Group,

Inc.,

Class

A

(

28,021

)

(

3,795,725

)

Celanese

Corp.,

Class

A

(

421,814

)

(

27,742,707

)

Celsius

Holdings,

Inc.

(

200,430

)

(

7,111,256

)

Cencora,

Inc.

(

139,976

)

(

43,972,061

)

CenterPoint

Energy,

Inc.

(

449,439

)

(

19,397,787

)

Certara,

Inc.

(

1,890,188

)

(

10,774,072

)

CF

Industries

Holdings,

Inc.

(

229,010

)

(

29,734,658

)

Charles

River

Laboratories

International,

Inc.

(

121,310

)

(

20,925,975

)

Charles

Schwab

Corp.

(The)

(

362,442

)

(

34,062,299

)

Charter

Communications,

Inc.,

Class

A

(

26,960

)

(

5,820,125

)

Choice

Hotels

International,

Inc.

(

582,275

)

(

60,265,462

)

Churchill

Downs,

Inc.

(

182,964

)

(

16,435,656

)

Cintas

Corp.

(

34,658

)

(

5,862,054

)

Cirrus

Logic,

Inc.

(

156,927

)

(

22,694,783

)

Cisco

Systems,

Inc.

(

258,472

)

(

20,054,842

)

Clarivate

plc

(

6,263,997

)

(

15,847,912

)

Clearway

Energy,

Inc.,

Class

C

(

861,309

)

(

33,840,831

)

Cleveland-Cliffs,

Inc.

(

1,430,508

)

(

12,087,793

)

CMS

Energy

Corp.

(

23,341

)

(

1,810,795

)

CNH

Industrial

NV

(

484,403

)

(

5,328,433

)

CNX

Resources

Corp.

(

333,867

)

(

12,870,573

)

Coca-Cola

Co.

(The)

(

957,731

)

(

72,835,442

)

Cognex

Corp.

(

258,082

)

(

12,643,437

)

Coinbase

Global,

Inc.,

Class

A

(

239,352

)

(

41,793,253

)

Colgate-Palmolive

Co.

(

478,059

)

(

40,744,969

)

Columbia

Sportswear

Co.

(

83,419

)

(

4,572,195

)

Comcast

Corp.,

Class

A

(

205,168

)

(

5,890,373

)

Constellation

Brands,

Inc.,

Class

A

(

259,589

)

(

38,938,350

)

Corcept

Therapeutics,

Inc.

(

189,227

)

(

7,627,740

)

Core

&

Main,

Inc.,

Class

A

(

29,641

)

(

1,464,265

)

Corebridge

Financial,

Inc.

(

342,155

)

(

8,163,818

)

Coty,

Inc.,

Class

A

(

3,100,138

)

(

6,231,277

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(119.4)%

(continued)

Cousins

Properties,

Inc.,

REIT

(

214,362

)

(

4,838,150

)

Crane

NXT

Co.

(

577,902

)

(

23,457,042

)

Credit

Acceptance

Corp.

(

38,260

)

(

16,201,580

)

Crocs,

Inc.

(

5,180

)

(

430,044

)

Crowdstrike

Holdings,

Inc.,

Class

A

(

25,601

)

(

9,994,886

)

Crown

Castle,

Inc.,

REIT

(

176,675

)

(

14,365,444

)

CSX

Corp.

(

344,026

)

(

14,122,267

)

CubeSmart,

REIT

(

797,980

)

(

29,245,967

)

Cullen/Frost

Bankers,

Inc.

(

28,032

)

(

3,842,627

)

CVS

Health

Corp.

(

260,602

)

(

18,716,436

)

Cytokinetics,

Inc.

(

262,405

)

(

17,295,114

)

Deere

&

Co.

(

77,507

)

(

43,659,693

)

DENTSPLY

SIRONA,

Inc.

(

525,928

)

(

6,100,765

)

Devon

Energy

Corp.

(

845,745

)

(

42,557,888

)

Diamondback

Energy,

Inc.

(

75,826

)

(

14,997,625

)

Dick's

Sporting

Goods,

Inc.

(

149,121

)

(

29,569,203

)

Digital

Realty

Trust,

Inc.,

REIT

(

314,318

)

(

56,643,246

)

Dillard's,

Inc.,

Class

A

(

18,199

)

(

10,411,830

)

Dollar

Tree,

Inc.

(

85,428

)

(

9,355,220

)

Dominion

Energy,

Inc.

(

760,111

)

(

46,990,062

)

Donaldson

Co.,

Inc.

(

160,654

)

(

13,634,705

)

DoorDash,

Inc.,

Class

A

(

64,486

)

(

9,682,573

)

Doximity,

Inc.,

Class

A

(

113,068

)

(

2,634,484

)

Dropbox,

Inc.,

Class

A

(

1,125,511

)

(

25,571,610

)

DT

Midstream,

Inc.

(

75,094

)

(

10,112,909

)

DTE

Energy

Co.

(

67,239

)

(

9,831,687

)

Duke

Energy

Corp.

(

508,210

)

(

66,545,016

)

Duolingo,

Inc.,

Class

A

(

17,597

)

(

1,734,536

)

DuPont

de

Nemours,

Inc.

(

309,036

)

(

14,153,849

)

Dutch

Bros,

Inc.,

Class

A

(

695,821

)

(

35,250,292

)

DXC

Technology

Co.

(

705,240

)

(

8,864,867

)

Dycom

Industries,

Inc.

(

93,454

)

(

31,664,084

)

EastGroup

Properties,

Inc.,

REIT

(

106,664

)

(

19,742,440

)

Eastman

Chemical

Co.

(

263,672

)

(

20,123,447

)

Eaton

Corp.

plc

(

116,793

)

(

41,773,352

)

eBay,

Inc.

(

415,161

)

(

37,787,954

)

EchoStar

Corp.,

Class

A

(

244,061

)

(

28,572,221

)

Elanco

Animal

Health,

Inc.

(

795,199

)

(

19,029,112

)

Element

Solutions,

Inc.

(

380,432

)

(

12,987,948

)

Emerson

Electric

Co.

(

113,842

)

(

14,915,579

)

Enphase

Energy,

Inc.

(

405,577

)

(

15,334,866

)

Entegris,

Inc.

(

104,373

)

(

12,236,691

)

Entergy

Corp.

(

333,999

)

(

37,528,128

)

Equitable

Holdings,

Inc.

(

165,510

)

(

6,142,076

)

Equity

LifeStyle

Properties,

Inc.,

REIT

(

630,299

)

(

39,343,264

)

Equity

Residential,

REIT

(

375,848

)

(

22,231,409

)

Erie

Indemnity

Co.,

Class

A

(

64,667

)

(

16,251,464

)

Esab

Corp.

(

18,719

)

(

1,809,379

)

Essex

Property

Trust,

Inc.,

REIT

(

27,910

)

(

6,754,220

)

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

(

33,657

)

(

2,415,563

)

Etsy,

Inc.

(

369,573

)

(

18,471,259

)

Euronet

Worldwide,

Inc.

(

90,550

)

(

6,009,804

)

Evergy,

Inc.

(

635,012

)

(

52,020,183

)

Everus

Construction

Group,

Inc.

(

43,226

)

(

5,103,262

)

Exelon

Corp.

(

392,717

)

(

19,250,987

)

Expeditors

International

of

Washington,

Inc.

(

135,344

)

(

19,385,321

)

Extra

Space

Storage,

Inc.,

REIT

(

97,413

)

(

12,773,767

)

118

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(119.4)%

(continued)

F5,

Inc.

(

89,668

)

(

25,943,642

)

Fair

Isaac

Corp.

(

2,247

)

(

2,398,762

)

Fastenal

Co.

(

546,301

)

(

25,348,366

)

Ferguson

Enterprises,

Inc.

(

39,593

)

(

9,235,463

)

Ferrovial

SE

(2)

(

309,844

)

(

20,157,346

)

Fifth

Third

Bancorp

(

1,201,742

)

(

55,832,933

)

First

American

Financial

Corp.

(

68,172

)

(

4,110,090

)

First

Citizens

BancShares,

Inc.,

Class

A

(

8,485

)

(

15,991,340

)

FirstEnergy

Corp.

(

414,888

)

(

21,018,226

)

Flagstar

Bank

NA

(

1,567,075

)

(

20,638,378

)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(

643,066

)

(

32,667,753

)

Flowserve

Corp.

(

160,748

)

(

11,816,585

)

Flutter

Entertainment

plc

(

152,327

)

(

15,529,738

)

FNB

Corp.

(

903,205

)

(

15,101,588

)

Fortive

Corp.

(

644,249

)

(

35,614,085

)

Fortune

Brands

Innovations,

Inc.

(

467,934

)

(

18,235,388

)

Fox

Corp.,

Class

A

(

46,541

)

(

2,717,994

)

Franklin

Resources,

Inc.

(

701,158

)

(

16,561,352

)

FTI

Consulting,

Inc.

(

27,421

)

(

4,847,210

)

Gaming

and

Leisure

Properties,

Inc.,

REIT

(

100,875

)

(

4,475,824

)

GATX

Corp.

(

73,758

)

(

12,593,441

)

GCI

Liberty,

Inc.,

Class

C

(

129,759

)

(

4,828,332

)

GE

HealthCare

Technologies,

Inc.

(

229,512

)

(

16,336,664

)

Gen

Digital,

Inc.

(

1,027,472

)

(

19,347,298

)

Generac

Holdings,

Inc.

(

37,789

)

(

7,381,325

)

Gentex

Corp.

(

719,792

)

(

15,727,455

)

Gilead

Sciences,

Inc.

(

401,943

)

(

56,018,796

)

Glacier

Bancorp,

Inc.

(

84,290

)

(

3,765,234

)

Globant

SA

(

266,024

)

(

12,266,367

)

Globus

Medical,

Inc.,

Class

A

(

66,653

)

(

5,742,822

)

Graco,

Inc.

(

80,189

)

(

6,787,999

)

GXO

Logistics,

Inc.

(

78,027

)

(

4,045,700

)

Haleon

plc

(2)

(

7,726,264

)

(

38,237,243

)

Hamilton

Lane,

Inc.,

Class

A

(

110,688

)

(

11,002,387

)

Hancock

Whitney

Corp.

(

296,434

)

(

18,850,238

)

Harley-Davidson,

Inc.

(

1,093,840

)

(

22,117,445

)

Hartford

Insurance

Group,

Inc.

(The)

(

127,488

)

(

17,240,202

)

Healthcare

Realty

Trust,

Inc.,

REIT

(

717,132

)

(

12,184,073

)

Healthpeak

Properties,

Inc.,

REIT

(

1,135,579

)

(

18,657,563

)

Hecla

Mining

Co.

(

545,211

)

(

10,157,281

)

HEICO

Corp.

(

63,296

)

(

17,355,763

)

Henry

Schein,

Inc.

(

89,675

)

(

6,609,048

)

Hershey

Co.

(The)

(

224,889

)

(

46,752,174

)

Hexcel

Corp.

(

354,949

)

(

28,726,023

)

Highwoods

Properties,

Inc.,

REIT

(

379,170

)

(

8,118,030

)

Hims

&

Hers

Health,

Inc.

(

1,517,697

)

(

31,507,390

)

Home

BancShares,

Inc.

(

196,827

)

(

5,300,551

)

Home

Depot,

Inc.

(The)

(

219,066

)

(

72,048,616

)

Hormel

Foods

Corp.

(

844,586

)

(

19,129,873

)

Houlihan

Lokey,

Inc.,

Class

A

(

16,175

)

(

2,323,054

)

Howard

Hughes

Holdings,

Inc.

(

35,357

)

(

2,236,684

)

Humana,

Inc.

(

14,858

)

(

2,576,229

)

Huntington

Bancshares,

Inc.

(

977,152

)

(

15,292,429

)

Hyatt

Hotels

Corp.,

Class

A

(

443,698

)

(

63,799,334

)

IAC,

Inc.

(

245,567

)

(

9,830,047

)

IDACORP,

Inc.

(

265,269

)

(

37,925,509

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(119.4)%

(continued)

IDEX

Corp.

(

58,013

)

(

10,996,364

)

IDEXX

Laboratories,

Inc.

(

45,902

)

(

25,791,875

)

Independence

Realty

Trust,

Inc.,

REIT

(

927,788

)

(

13,814,763

)

Ingersoll

Rand,

Inc.

(

650,011

)

(

52,078,881

)

Ingram

Micro

Holding

Corp.

(

80,059

)

(

1,866,175

)

Insmed,

Inc.

(

83,935

)

(

13,725,051

)

Inspire

Medical

Systems,

Inc.

(

70,894

)

(

3,656,713

)

Intel

Corp.

(

305,877

)

(

13,498,352

)

Intercontinental

Exchange,

Inc.

(

28,039

)

(

4,409,974

)

International

Bancshares

Corp.

(

64,371

)

(

4,331,525

)

International

Paper

Co.

(

252,580

)

(

9,017,106

)

Intuitive

Surgical,

Inc.

(

5,549

)

(

2,558,034

)

Ionis

Pharmaceuticals,

Inc.

(

206,199

)

(

15,483,483

)

IonQ,

Inc.

(

867,907

)

(

25,021,759

)

IPG

Photonics

Corp.

(

46,634

)

(

5,343,790

)

Iridium

Communications,

Inc.

(

197,405

)

(

5,476,015

)

Jabil,

Inc.

(

33,825

)

(

8,984,935

)

Jack

Henry

&

Associates,

Inc.

(

119,179

)

(

18,835,049

)

James

Hardie

Industries

plc,

CHESS

(2)

(

235,794

)

(

4,348,220

)

James

Hardie

Industries

plc,

ADR

(

1,194,163

)

(

22,617,447

)

Johnson

&

Johnson

(

216,832

)

(

53,002,414

)

JPMorgan

Chase

&

Co.

(

170,197

)

(

50,065,150

)

KB

Home

(

252,956

)

(

13,090,473

)

KBR,

Inc.

(

51,836

)

(

1,910,675

)

Keurig

Dr

Pepper,

Inc.

(

890,676

)

(

23,451,499

)

KeyCorp

(

761,906

)

(

15,276,215

)

Kilroy

Realty

Corp.,

REIT

(

656,906

)

(

18,531,318

)

Kimberly-Clark

Corp.

(

102,048

)

(

9,844,571

)

Kimco

Realty

Corp.,

REIT

(

173,369

)

(

3,895,601

)

Kinsale

Capital

Group,

Inc.

(

18,488

)

(

6,316,610

)

Kite

Realty

Group

Trust,

REIT

(

757,382

)

(

18,593,728

)

KLA

Corp.

(

4,807

)

(

7,077,875

)

Knife

River

Corp.

(

116,492

)

(

9,511,572

)

Kraft

Heinz

Co.

(The)

(

1,177,095

)

(

26,472,867

)

Kratos

Defense

&

Security

Solutions,

Inc.

(

285,906

)

(

20,159,232

)

Kroger

Co.

(The)

(

401,107

)

(

29,024,103

)

L3Harris

Technologies,

Inc.

(

69,865

)

(

24,113,905

)

Labcorp

Holdings,

Inc.

(

110,172

)

(

29,394,991

)

Lam

Research

Corp.

(

53,262

)

(

11,379,959

)

Lantheus

Holdings,

Inc.

(

411,971

)

(

31,248,000

)

Lattice

Semiconductor

Corp.

(

88,426

)

(

8,202,396

)

Leidos

Holdings,

Inc.

(

142,351

)

(

22,138,428

)

Lennox

International,

Inc.

(

65,740

)

(

30,511,906

)

Liberty

Media

Corp-Liberty

Formula

One,

Class

A

(

87,364

)

(

6,821,381

)

Lincoln

National

Corp.

(

456,494

)

(

16,205,537

)

Lithia

Motors,

Inc.,

Class

A

(

51,305

)

(

12,811,885

)

Live

Nation

Entertainment,

Inc.

(

190,932

)

(

29,119,039

)

Loar

Holdings,

Inc.

(

239,048

)

(

13,695,060

)

Loews

Corp.

(

86,500

)

(

9,233,010

)

Lowe's

Cos.,

Inc.

(

68,701

)

(

16,232,672

)

LPL

Financial

Holdings,

Inc.

(

144,877

)

(

43,583,348

)

M&T

Bank

Corp.

(

262,469

)

(

54,257,592

)

MACOM

Technology

Solutions

Holdings,

Inc.

(

53,986

)

(

11,988,671

)

Madison

Square

Garden

Sports

Corp.,

Class

A

(

22,353

)

(

7,184,254

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

119

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(119.4)%

(continued)

Maplebear,

Inc.

(

151,201

)

(

5,663,989

)

Marathon

Petroleum

Corp.

(

58,601

)

(

14,309,192

)

Markel

Group,

Inc.

(

4,373

)

(

8,370,228

)

Marriott

International,

Inc.,

Class

A

(

29,338

)

(

9,595,580

)

Martin

Marietta

Materials,

Inc.

(

38,698

)

(

22,780,739

)

Marvell

Technology,

Inc.

(

224,730

)

(

22,259,507

)

Mastercard,

Inc.,

Class

A

(

53,841

)

(

26,902,194

)

Maximus,

Inc.

(

148,137

)

(

9,495,582

)

McDonald's

Corp.

(

93,663

)

(

29,109,524

)

McKesson

Corp.

(

12,194

)

(

10,552,200

)

MDU

Resources

Group,

Inc.

(

1,541,820

)

(

31,946,510

)

Medtronic

plc

(

140,252

)

(

12,152,836

)

Meta

Platforms,

Inc.,

Class

A

(

34,615

)

(

19,804,280

)

Mid-America

Apartment

Communities,

Inc.,

REIT

(

22,216

)

(

2,713,018

)

Middleby

Corp.

(The)

(

18,925

)

(

2,509,077

)

Millrose

Properties,

Inc.,

Class

A,

REIT

(

133,840

)

(

3,747,520

)

Moderna,

Inc.

(

113,020

)

(

5,741,416

)

Mondelez

International,

Inc.,

Class

A

(

664,019

)

(

38,274,055

)

Monolithic

Power

Systems,

Inc.

(

30,248

)

(

33,071,651

)

Monster

Beverage

Corp.

(

573,335

)

(

41,543,854

)

Motorola

Solutions,

Inc.

(

20,445

)

(

8,872,517

)

MP

Materials

Corp.

(

290,360

)

(

14,012,774

)

MSA

Safety,

Inc.

(

62,221

)

(

10,201,133

)

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

(

97,826

)

(

9,026,405

)

Murphy

Oil

Corp.

(

708,724

)

(

29,234,865

)

Murphy

USA,

Inc.

(

23,608

)

(

11,661,644

)

National

Storage

Affiliates

Trust,

REIT

(

90,032

)

(

3,397,808

)

nCino,

Inc.

(

380,244

)

(

5,696,055

)

NetApp,

Inc.

(

320,691

)

(

32,835,551

)

Netflix,

Inc.

(

256,674

)

(

24,679,205

)

New

Jersey

Resources

Corp.

(

97,784

)

(

5,370,297

)

Nexstar

Media

Group,

Inc.,

Class

A

(

103,302

)

(

18,680,101

)

NextEra

Energy,

Inc.

(

368,392

)

(

34,216,249

)

Nextpower,

Inc.,

Class

A

(

210,483

)

(

25,373,726

)

NIKE,

Inc.,

Class

B

(

290,383

)

(

15,338,030

)

NiSource,

Inc.

(

795,905

)

(

37,136,927

)

Nordson

Corp.

(

39,956

)

(

10,630,693

)

Northrop

Grumman

Corp.

(

5,990

)

(

4,086,618

)

Norwegian

Cruise

Line

Holdings

Ltd.

(

1,116,788

)

(

20,883,936

)

NOV,

Inc.

(

146,046

)

(

2,747,125

)

Novanta,

Inc.

(

67,245

)

(

7,942,307

)

NRG

Energy,

Inc.

(

16,624

)

(

2,429,431

)

Oklo,

Inc.

(

682,278

)

(

33,834,166

)

Okta,

Inc.,

Class

A

(

110,628

)

(

8,707,530

)

Old

National

Bancorp

(

796,498

)

(

17,602,606

)

Olin

Corp.

(

920,843

)

(

27,376,662

)

Omega

Healthcare

Investors,

Inc.,

REIT

(

224,876

)

(

9,854,066

)

ONE

Gas,

Inc.

(

84,692

)

(

7,294,522

)

ONEOK,

Inc.

(

354,287

)

(

32,024,002

)

Option

Care

Health,

Inc.

(

1,220,643

)

(

32,859,710

)

Organon

&

Co.

(

889,209

)

(

5,326,362

)

Ormat

Technologies,

Inc.

(

354,748

)

(

39,703,396

)

Packaging

Corp.

of

America

(

89,769

)

(

19,050,777

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(119.4)%

(continued)

Palo

Alto

Networks,

Inc.

(

346,527

)

(

55,555,209

)

Park

Hotels

&

Resorts,

Inc.,

REIT

(

153,374

)

(

1,615,028

)

Parker-Hannifin

Corp.

(

34,553

)

(

30,933,228

)

Parsons

Corp.

(

109,481

)

(

5,930,586

)

Paychex,

Inc.

(

308,931

)

(

28,458,724

)

Paycom

Software,

Inc.

(

126,786

)

(

15,409,570

)

Pentair

plc

(

98,406

)

(

8,572,147

)

Performance

Food

Group

Co.

(

290,755

)

(

24,906,073

)

Perrigo

Co.

plc

(

776,485

)

(

8,339,449

)

Pinnacle

West

Capital

Corp.

(

66,176

)

(

6,667,232

)

Plug

Power,

Inc.

(

645,030

)

(

1,457,768

)

Pool

Corp.

(

18,627

)

(

3,768,801

)

Post

Holdings,

Inc.

(

104,926

)

(

10,372,984

)

Power

Integrations,

Inc.

(

89,183

)

(

4,566,170

)

PPG

Industries,

Inc.

(

238,266

)

(

25,465,870

)

PPL

Corp.

(

675,062

)

(

25,787,368

)

Primerica,

Inc.

(

11,020

)

(

2,760,290

)

PTC,

Inc.

(

116,182

)

(

16,554,773

)

Public

Service

Enterprise

Group,

Inc.

(

234,478

)

(

18,980,994

)

Public

Storage,

REIT

(

91,058

)

(

24,665,791

)

PulteGroup,

Inc.

(

37,708

)

(

4,434,838

)

PVH

Corp.

(

276,145

)

(

19,263,875

)

QIAGEN

NV

(2)

(

413,745

)

(

16,760,701

)

Qnity

Electronics,

Inc.

(

246,545

)

(

28,446,362

)

Qualys,

Inc.

(

55,273

)

(

4,855,733

)

Quanta

Services,

Inc.

(

36,308

)

(

19,933,818

)

QuantumScape

Corp.

(

3,828,571

)

(

24,426,283

)

Quest

Diagnostics,

Inc.

(

201,337

)

(

39,458,025

)

QXO,

Inc.

(

2,581,946

)

(

50,141,391

)

Ralliant

Corp.

(

116,852

)

(

4,859,875

)

Range

Resources

Corp.

(

328,827

)

(

14,856,404

)

Rayonier,

Inc.,

REIT

(

1,167,080

)

(

24,065,190

)

Realty

Income

Corp.,

REIT

(

673,709

)

(

41,217,517

)

Reddit,

Inc.,

Class

A

(

94,432

)

(

12,715,269

)

Regal

Rexnord

Corp.

(

146,257

)

(

27,388,086

)

Regions

Financial

Corp.

(

1,060,416

)

(

27,698,066

)

Reliance,

Inc.

(

27,556

)

(

8,374,820

)

Repligen

Corp.

(

136,206

)

(

16,047,791

)

ResMed,

Inc.

(

47,703

)

(

10,708,369

)

Revolution

Medicines,

Inc.

(

2

)

(

195

)

Revvity,

Inc.

(

195,339

)

(

17,113,650

)

Rexford

Industrial

Realty,

Inc.,

REIT

(

78,936

)

(

2,583,575

)

RH

(

194,585

)

(

27,206,875

)

RingCentral,

Inc.,

Class

A

(

954,407

)

(

35,494,396

)

Rivian

Automotive,

Inc.,

Class

A

(

1,390,967

)

(

20,934,053

)

RLI

Corp.

(

197,393

)

(

11,259,297

)

Robinhood

Markets,

Inc.,

Class

A

(

503,269

)

(

34,876,542

)

Roche

Holding

AG

(2)

(

5,198

)

(

2,074,474

)

Rocket

Cos.,

Inc.,

Class

A

(

505,778

)

(

7,207,337

)

Rocket

Lab

Corp.

(

245,549

)

(

15,769,157

)

Rollins,

Inc.

(

291,953

)

(

15,593,210

)

Ryan

Specialty

Holdings,

Inc.,

Class

A

(

664,730

)

(

22,427,990

)

Sabra

Health

Care

REIT,

Inc.,

REIT

(

718,581

)

(

13,818,313

)

Saia,

Inc.

(

13,364

)

(

4,694,506

)

Samsara,

Inc.,

Class

A

(

884,614

)

(

28,033,418

)

SBA

Communications

Corp.,

REIT

(

18,992

)

(

3,268,713

)

Schneider

Electric

SE

(2)

(

115,908

)

(

31,571,207

)

Schneider

National,

Inc.,

Class

B

(

163,230

)

(

4,302,743

)

120

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(119.4)%

(continued)

Scotts

Miracle-Gro

Co.

(The)

(

242,366

)

(

14,738,276

)

SEI

Investments

Co.

(

92,581

)

(

7,264,831

)

Sensata

Technologies

Holding

plc

(

702,319

)

(

24,735,675

)

SharkNinja,

Inc.

(

41,152

)

(

4,357,997

)

Sherwin-Williams

Co.

(The)

(

81,104

)

(

25,997,887

)

Shift4

Payments,

Inc.,

Class

A

(

738,454

)

(

32,292,593

)

Silgan

Holdings,

Inc.

(

488,190

)

(

18,941,772

)

Simon

Property

Group,

Inc.,

REIT

(

75,687

)

(

14,117,896

)

Simpson

Manufacturing

Co.,

Inc.

(

10,910

)

(

1,872,374

)

SLB

Ltd.

(

1,394,212

)

(

71,648,554

)

SLM

Corp.

(

244,188

)

(

5,228,065

)

Snap-on,

Inc.

(

54,924

)

(

19,949,495

)

SoFi

Technologies,

Inc.

(

1,222,225

)

(

19,408,933

)

Somnigroup

International,

Inc.

(

291,937

)

(

21,579,983

)

Southern

Co.

(The)

(

306,759

)

(

29,608,379

)

Southwest

Airlines

Co.

(

144,246

)

(

5,419,322

)

Southwest

Gas

Holdings,

Inc.

(

162,360

)

(

14,109,084

)

Spire,

Inc.

(

125,526

)

(

11,365,124

)

SPX

Technologies,

Inc.

(

33,903

)

(

6,778,566

)

STAG

Industrial,

Inc.,

REIT

(

560,036

)

(

20,194,898

)

StandardAero,

Inc.

(

582,212

)

(

15,038,536

)

Stanley

Black

&

Decker,

Inc.

(

105,218

)

(

7,476,791

)

Starbucks

Corp.

(

414,989

)

(

37,178,865

)

Steel

Dynamics,

Inc.

(

173,450

)

(

31,221,000

)

Stellantis

NV

(2)

(

1,300,269

)

(

9,397,802

)

Strategy,

Inc.,

Class

A

(

124,863

)

(

15,582,902

)

Summit

Therapeutics,

Inc.

(

646,623

)

(

12,259,972

)

Sun

Communities,

Inc.,

REIT

(

143,476

)

(

18,072,237

)

Super

Micro

Computer,

Inc.

(

615,058

)

(

14,004,871

)

Swiss

Re

AG

(2)

(

119,328

)

(

20,044,387

)

Synaptics,

Inc.

(

199,570

)

(

13,977,883

)

Synopsys,

Inc.

(

19,264

)

(

7,637,791

)

T.

Rowe

Price

Group,

Inc.

(

126,930

)

(

11,441,470

)

Talen

Energy

Corp.

(

61,800

)

(

19,728,414

)

Targa

Resources

Corp.

(

186,853

)

(

46,849,653

)

Teleflex,

Inc.

(

61,871

)

(

7,400,390

)

Tempus

AI,

Inc.,

Class

A

(

358,183

)

(

16,197,035

)

Tenaris

SA

(2)

(

738,222

)

(

21,579,936

)

Teradata

Corp.

(

463,114

)

(

11,869,612

)

Terex

Corp.

(

421,864

)

(

24,932,162

)

Tesla,

Inc.

(

36,633

)

(

13,618,318

)

Tetra

Tech,

Inc.

(

178,085

)

(

5,363,920

)

Texas

Instruments,

Inc.

(

21,042

)

(

4,085,094

)

Texas

Pacific

Land

Corp.

(

8,242

)

(

3,911,324

)

TFS

Financial

Corp.

(

290,417

)

(

4,080,359

)

Thermo

Fisher

Scientific,

Inc.

(

4,859

)

(

2,388,344

)

Thor

Industries,

Inc.

(

98,544

)

(

7,872,680

)

Timken

Co.

(The)

(

153,859

)

(

15,473,600

)

Toast,

Inc.,

Class

A

(

471,072

)

(

12,488,119

)

Toll

Brothers,

Inc.

(

66,074

)

(

9,017,119

)

TopBuild

Corp.

(

118,582

)

(

41,657,857

)

TPG,

Inc.

(

989,053

)

(

40,066,537

)

Tractor

Supply

Co.

(

138,558

)

(

6,276,677

)

Trane

Technologies

plc

(

88,732

)

(

36,978,174

)

TransDigm

Group,

Inc.

(

24,828

)

(

28,774,659

)

Twilio,

Inc.,

Class

A

(

312,951

)

(

39,375,495

)

Tyler

Technologies,

Inc.

(

32,039

)

(

10,969,513

)

UDR,

Inc.,

REIT

(

684,755

)

(

23,131,024

)

UFP

Industries,

Inc.

(

61,236

)

(

5,641,060

)

UGI

Corp.

(

211,174

)

(

7,690,957

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(119.4)%

(continued)

U-Haul

Holding

Co.

(

18,442

)

(

823,804

)

UL

Solutions,

Inc.,

Class

A

(

79,940

)

(

6,851,657

)

UMB

Financial

Corp.

(

51,076

)

(

5,760,862

)

Under

Armour,

Inc.,

Class

A

(

3,858,146

)

(

22,801,643

)

United

Rentals,

Inc.

(

12,111

)

(

8,823,590

)

UnitedHealth

Group,

Inc.

(

11,630

)

(

3,146,962

)

Unity

Software,

Inc.

(

1,343,269

)

(

29,471,322

)

US

Foods

Holding

Corp.

(

202,791

)

(

18,699,358

)

Vail

Resorts,

Inc.

(

160,808

)

(

20,634,883

)

Valley

National

Bancorp

(

708,833

)

(

8,704,469

)

Valvoline,

Inc.

(

777,838

)

(

26,197,584

)

Viking

Therapeutics,

Inc.

(

456,368

)

(

14,850,215

)

Visa,

Inc.,

Class

A

(

106,534

)

(

32,198,836

)

Visteon

Corp.

(

137,611

)

(

12,537,738

)

Vistra

Corp.

(

119,578

)

(

17,976,161

)

Vontier

Corp.

(

325,612

)

(

11,549,458

)

Vornado

Realty

Trust,

REIT

(

244,017

)

(

6,342,002

)

Voya

Financial,

Inc.

(

311,699

)

(

21,295,276

)

Vulcan

Materials

Co.

(

78,334

)

(

21,330,348

)

W

R

Berkley

Corp.

(

376,165

)

(

24,932,216

)

Waste

Management,

Inc.

(

81,894

)

(

18,818,422

)

Waters

Corp.

(

83,021

)

(

24,723,654

)

Watsco,

Inc.

(

43,110

)

(

15,682,987

)

Wayfair,

Inc.,

Class

A

(

185,165

)

(

13,926,260

)

Weatherford

International

plc

(

93,346

)

(

8,828,665

)

WEC

Energy

Group,

Inc.

(

81,435

)

(

9,427,730

)

Welltower,

Inc.,

REIT

(

247,920

)

(

49,016,263

)

Wendy's

Co.

(The)

(

2,127,096

)

(

14,783,317

)

Western

Union

Co.

(The)

(

2,913,168

)

(

25,431,957

)

Westlake

Corp.

(

53,243

)

(

6,219,847

)

Whirlpool

Corp.

(

160,452

)

(

8,651,572

)

White

Mountains

Insurance

Group

Ltd.

(

6,802

)

(

14,943,722

)

Williams

Cos.,

Inc.

(The)

(

529,688

)

(

38,550,693

)

Williams-Sonoma,

Inc.

(

26,009

)

(

4,742,221

)

Willis

Towers

Watson

plc

(

29,646

)

(

8,618,092

)

WillScot

Holdings

Corp.

(

1,897,115

)

(

32,933,916

)

Wingstop,

Inc.

(

72,425

)

(

11,223,702

)

Wintrust

Financial

Corp.

(

50,487

)

(

7,014,664

)

Workday,

Inc.,

Class

A

(

54,072

)

(

7,025,034

)

WP

Carey,

Inc.,

REIT

(

671,118

)

(

45,609,179

)

WW

Grainger,

Inc.

(

21,429

)

(

23,374,967

)

Wyndham

Hotels

&

Resorts,

Inc.

(

172,128

)

(

13,981,957

)

Wynn

Resorts

Ltd.

(

277,653

)

(

28,195,662

)

Xcel

Energy,

Inc.

(

598,363

)

(

47,533,957

)

XPO,

Inc.

(

65,090

)

(

12,663,260

)

YETI

Holdings,

Inc.

(

618,601

)

(

22,634,611

)

Yum!

Brands,

Inc.

(

441,521

)

(

68,647,684

)

Zebra

Technologies

Corp.,

Class

A

(

38,597

)

(

8,069,861

)

Zillow

Group,

Inc.,

Class

C

(

199,610

)

(

8,259,862

)

Zimmer

Biomet

Holdings,

Inc.

(

129,840

)

(

11,740,133

)

Zions

Bancorp

NA

(

49,684

)

(

2,862,792

)

(9,627,538,507)

TOTAL

COMMON

STOCKS

(Proceeds

$(16,765,892,697))                                                    

(15,763,122,384)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

121

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange,

futures

and

swap

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$16,219,438,210,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

In

addition,

$2,556,942,876

of

cash

collateral

was

also

pledged.

(b)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$7,188,014,347.

(c)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$158,628,547

of

investments

in

securities

and

$(189,014,904)

of

securities

sold

short,

which

represents

1.97%

and

(2.34)%

of

net

assets

of

the

Fund,

respectively.

(d)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(e)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(f)

For

the

period

ended

March

31,

2026,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

(g)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(h)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

INVESTMENTS

SHARES

VALUE

($)

PREFERRED

STOCKS

-

(0.9)%

Germany

-

(

0

.9

)

%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(c)

(

772,146

)

(

35,174,593

)

Henkel

AG

&

Co.

KGaA

(Preference)

(2)

(

98,180

)

(

7,584,324

)

Sartorius

AG

(Preference)

(2)

(

121,915

)

(

30,505,172

)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(88,073,430))                                                    

(73,264,089)

NO.

OF

RIGHTS

RIGHTS

-

0.0%

United

States

-

0

.0

%

Walgreens

Boots

Alliance,

Inc.,

CVR

(3)

(Proceeds

$–)

(

435,303

)

–

TOTAL

SHORT

POSITIONS

(Proceeds

$(16,853,966,127))

(15,836,386,473)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

58.9%

(Cost

$2,465,678,539)

4,757,108,168

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

41.1%

‡

3,314,100,340

NET

ASSETS

-

100.0%

8,071,208,508

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(

9,583,459

)

(

0

.1

)

%

Consumer

Discretionary

314,098,433

3

.9

Consumer

Staples

(

18,019,270

)

(

0

.3

)

Energy

339,648,949

4

.2

Financials

891,705,651

11

.1

Health

Care

(

210,320,664

)

(

2

.6

)

Industrials

457,968,265

5

.7

Information

Technology

70,658,753

0

.8

Materials

(

227,349,094

)

(

2

.8

)

Real

Estate

(

476,151,249

)

(

5

.9

)

Utilities

(

575,858,414

)

(

7

.1

)

Investment

Companies

1,904,011,827

23

.6

U.S.

Treasury

Obligations

2,296,298,440

28

.4

Total

Investments

In

Securities

At

Value

4,757,108,168

58

.9

Other

Assets

in

Excess

of

Liabilities

‡

3,314,100,340

41

.1

Net

Assets

$

8,071,208,508

100

.0

%

Affiliate

Value

At

12/31/2025

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2026

Shares

Held

At

3/31/2026

Distributions

Received**

SHORT-TERM

INVESTMENTS

-

23.4%

INVESTMENT

COMPANIES

-

23.4%

Limited

Purpose

Cash

Investment

Fund,

3.65%

(a)

(Cost

$1,888,087,331)

$2,255,270,811

$5,305,886,755

$(5,673,041,778)

$71,483

$(71,483)

$1,888,115,788

1,888,115,788

$22,807,693

**  

Distributions

received

include

dividend

income

and

capital

gains

distributions,

if

any,

from

the

underlying

fund.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2026.

122

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

(3)

Security

fair

valued

using

significant

unobservable

inputs

(Level

3)

in

accordance

with

procedures

approved

by

the

Board

of

Trustees.

Total

return

swap

contracts

outstanding

as

of

March

31,

2026

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Singapore

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

SORA

plus

or

minus

a

specified

spread

(0.90%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

SGD

5,307,164

$

26,382

Total

unrealized

appreciation

26,382

Amsterdam

Exchange

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/17/2026

EUR

25,095,408

(

1,487,793

)

Hang

Seng

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

JPMC

04/29/2026

HKD

4,951,000

(

9,591

)

Hang

Seng

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/29/2026

HKD

23,517,250

(

39,656

)

Swiss

Market

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/19/2026

CHF

54,869,760

(

33,428

)

MSCI

Australia

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

BBR

plus

or

minus

a

specified

spread

(0.35%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

AUD

18,840,905

(

374,882

)

MSCI

Canada

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

CORRA

plus

or

minus

a

specified

spread

(-0.05%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

CAD

30,271,355

(

136,059

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

123

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

France

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.11%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

EUR

12,995,682

$

(

425,052

)

MSCI

Germany

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.17%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

EUR

13,967,253

(

624,664

)

MSCI

Italy

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.20%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

EUR

8,597,858

(

107,888

)

MSCI

Japan

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

TONAR

plus

or

minus

a

specified

spread

(0.30%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

JPY

7,926,784,791

(

2,507,083

)

MSCI

Netherlands

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.35%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

EUR

14,202,656

(

1,041,792

)

MSCI

Spain

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.21%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

EUR

7,713,152

(

146,004

)

124

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Sweden

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

STIBOR

plus

or

minus

a

specified

spread

(-0.37%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

SEK

69,223,396

$

(

287,640

)

MSCI

Switzerland

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

SARON

plus

or

minus

a

specified

spread

(0.02%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

CHF

11,090,364

(

114,074

)

MSCI

United

Kingdom

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

SONIA

plus

or

minus

a

specified

spread

(0.40%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

GBP

17,468,792

(

288,273

)

Total

unrealized

depreciation

(

7,623,879

)

Net

unrealized

depreciation

$

(

7,597,497

)

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

CAC

40

10

Euro

Index

730

4/2026

EUR

$

66,025,041

$

(

876,183

)

Hang

Seng

Index

79

4/2026

HKD

12,470,317

(

160,552

)

IBEX

35

Index

140

4/2026

EUR

27,455,021

(

430,036

)

MSCI

Singapore

Index

313

4/2026

SGD

10,628,902

4,651

OMXS30

Index

1,033

4/2026

SEK

31,863,014

(

685,749

)

DAX

Index

66

6/2026

EUR

43,553,642

(

1,750,913

)

FTSE

100

Index

595

6/2026

GBP

80,321,409

(

1,124,185

)

FTSE/MIB

Index

87

6/2026

EUR

21,909,784

(

204,940

)

S&P

500

E-Mini

Index

6,492

6/2026

USD

2,132,865,450

(

46,784,506

)

S&P/TSX

60

Index

386

6/2026

CAD

105,874,603

1,184,359

SPI

200

Index

349

6/2026

AUD

51,246,674

(

637,948

)

TOPIX

Index

530

6/2026

JPY

117,017,107

(

1,865,419

)

Net

unrealized

depreciation

$

(

53,331,421

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LONG-SHORT

EQUITY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

125

(Continued)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

JPY

3,105,000,000

USD

19,621,723

CITI

6/17/2026

$

69,401

JPY

3,105,000,000

USD

19,621,684

JPMC

6/17/2026

69,440

NOK

5,243,125

USD

537,808

CITI

6/17/2026

3,326

NOK

3,756,875

USD

385,356

JPMC

6/17/2026

2,384

USD

37,026,865

CAD

50,413,296

CITI

6/17/2026

665,487

USD

37,026,937

CAD

50,413,293

JPMC

6/17/2026

665,561

USD

249,002,075

EUR

210,787,117

CITI

6/17/2026

4,506,626

USD

249,200,136

EUR

210,956,004

JPMC

6/17/2026

4,508,793

USD

18,083,770

GBP

13,454,000

CITI

6/17/2026

280,170

USD

18,083,806

GBP

13,454,000

JPMC

6/17/2026

280,206

USD

7,374,306

HKD

57,434,502

CITI

6/17/2026

20,138

USD

7,374,320

HKD

57,434,498

JPMC

6/17/2026

20,153

USD

143,840,329

JPY

22,296,012,258

CITI

6/17/2026

2,444,660

USD

143,616,950

JPY

22,261,487,743

JPMC

6/17/2026

2,440,227

USD

149,002

NOK

1,429,866

CITI

6/17/2026

1,428

USD

163,679

NOK

1,570,134

JPMC

6/17/2026

1,629

USD

14,472,200

SEK

131,001,167

CITI

6/17/2026

580,277

USD

14,401,828

SEK

130,358,072

JPMC

6/17/2026

578,101

USD

5,204,241

SGD

6,551,641

CITI

6/17/2026

80,976

USD

5,204,254

SGD

6,551,644

JPMC

6/17/2026

80,986

Total

unrealized

appreciation

17,299,969

AUD

78,916,500

USD

56,001,118

CITI

6/17/2026

(

1,614,118

)

AUD

78,916,500

USD

56,001,006

JPMC

6/17/2026

(

1,614,007

)

CAD

149,064,501

USD

109,250,159

CITI

6/17/2026

(

1,735,056

)

CAD

149,064,498

USD

109,249,939

JPMC

6/17/2026

(

1,734,839

)

CHF

38,168,500

USD

49,674,429

CITI

6/17/2026

(

1,536,681

)

CHF

38,168,500

USD

49,674,329

JPMC

6/17/2026

(

1,536,581

)

DKK

64,346,222

USD

10,227,354

CITI

6/17/2026

(

231,914

)

DKK

64,346,221

USD

10,227,334

JPMC

6/17/2026

(

231,894

)

EUR

288,349,057

USD

338,080,429

CITI

6/17/2026

(

3,619,612

)

EUR

288,517,944

USD

338,277,282

JPMC

6/17/2026

(

3,620,569

)

GBP

59,732,000

USD

80,246,407

CITI

6/17/2026

(

1,203,398

)

GBP

59,732,001

USD

80,246,248

JPMC

6/17/2026

(

1,203,237

)

HKD

70,113,002

USD

9,002,142

CITI

6/17/2026

(

24,563

)

HKD

70,112,998

USD

9,002,124

JPMC

6/17/2026

(

24,545

)

ILS

16,871,500

USD

5,446,075

CITI

6/17/2026

(

67,812

)

ILS

16,871,500

USD

5,446,064

JPMC

6/17/2026

(

67,800

)

JPY

19,572,059,758

USD

126,098,355

CITI

6/17/2026

(

1,977,304

)

JPY

19,537,535,243

USD

125,874,982

JPMC

6/17/2026

(

1,972,875

)

NOK

16,580,741

USD

1,727,123

CITI

6/17/2026

(

15,856

)

NOK

18,207,259

USD

1,897,263

JPMC

6/17/2026

(

18,125

)

NZD

661,500

USD

397,896

CITI

6/17/2026

(

16,736

)

NZD

661,499

USD

397,894

JPMC

6/17/2026

(

16,735

)

SEK

327,412,548

USD

35,537,539

CITI

6/17/2026

(

817,312

)

SEK

326,769,453

USD

35,466,846

JPMC

6/17/2026

(

814,815

)

SGD

12,521,499

USD

9,941,645

CITI

6/17/2026

(

150,059

)

SGD

12,521,501

USD

9,941,627

JPMC

6/17/2026

(

150,041

)

USD

18,522,394

EUR

16,026,500

CITI

6/17/2026

(

67,008

)

USD

18,522,431

EUR

16,026,500

JPMC

6/17/2026

(

66,971

)

Total

unrealized

depreciation

(

26,150,463

)

Net

unrealized

depreciation

$

(

8,850,494

)

126

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LONG-SHORT

EQUITY

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

short

equity

positions

and

pays

or

receives

the

CORRA

plus

or

minus

a

specified

spread

(-0.20%),

which

is

denominated

in

CAD

based

on

the

local

currencies

of

the

positions

within

the

swap.

30

months

maturity

08/24/2028

$–

$–

$–

$–

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LSE

FUSION

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2026

127

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

353.8%

COMMON

STOCKS

-

285.2%

Australia

-

8

.5

%

AGL

Energy

Ltd.

(2)(a)

10,413

71,286

ANZ

Group

Holdings

Ltd.

(2)(a)

2,386

59,997

APA

Group

(2)(a)

7,401

50,983

Aristocrat

Leisure

Ltd.

(2)(a)

1,639

52,096

BHP

Group

Ltd.

(2)(a)

8,037

290,799

Evolution

Mining

Ltd.

(2)(a)

5,598

50,408

Fortescue

Ltd.

(2)(a)

1,114

15,919

IGO

Ltd.

(2)*(a)

17,853

99,671

Mineral

Resources

Ltd.

(2)*(a)

697

26,774

Northern

Star

Resources

Ltd.

(2)(a)

3,285

47,753

OceanaGold

Corp.

(a)

791

24,939

Orica

Ltd.

(2)(a)

4,442

62,430

Origin

Energy

Ltd.

(2)(a)

7,082

60,942

Pro

Medicus

Ltd.

(2)(a)

1,108

91,318

Qantas

Airways

Ltd.

(2)(a)

1,100

6,462

QBE

Insurance

Group

Ltd.

(2)(a)

8,900

131,335

South32

Ltd.

(2)(a)

51,213

155,073

Technology

One

Ltd.

(2)(a)

4,653

88,325

Telstra

Group

Ltd.

(2)(a)

14,103

52,063

Wesfarmers

Ltd.

(2)(a)

2,161

110,332

Worley

Ltd.

(2)(a)

5,961

46,825

1,595,730

Austria

-

0

.0

%

†

Mondi

plc

(2)(a)

515

5,822

Belgium

-

1

.4

%

Ageas

SA/NV

(2)(a)

548

40,340

KBC

Group

NV

(2)(a)

1,260

154,214

Liberty

Global

Ltd.,

Class

A

*(a)

4,891

59,132

Umicore

SA

(2)(a)

892

17,017

270,703

Brazil

-

0

.3

%

Wheaton

Precious

Metals

Corp.

(a)

(b)

396

51,980

Burkina

Faso

-

0

.0

%

†

IAMGOLD

Corp.

*

332

6,243

Canada

-

12

.7

%

Agnico

Eagle

Mines

Ltd.

(a)

282

57,241

Alamos

Gold,

Inc.,

Class

A

(a)

1,549

68,915

Alimentation

Couche-Tard,

Inc.

(a)

180

10,203

AltaGas

Ltd.

(a)

1,172

40,651

ARC

Resources

Ltd.

(a)

6,140

127,779

Aritzia,

Inc.

*(a)

310

25,297

Bank

of

Nova

Scotia

(The)

(a)

973

67,476

Barrick

Mining

Corp.

(a)

724

29,588

Canadian

National

Railway

Co.

(a)

1,314

135,244

Canadian

Natural

Resources

Ltd.

(a)

4,129

201,419

Canadian

Pacific

Kansas

City

Ltd.

(a)

1,275

100,334

CCL

Industries,

Inc.,

Class

B

(a)

454

28,446

Celestica,

Inc.

*(a)

333

93,937

Cenovus

Energy,

Inc.

(a)

3,166

84,026

Constellation

Software,

Inc.

(a)

13

22,821

INVESTMENTS

SHARES

VALUE

($)

Canada

-

12.7%

(continued)

Descartes

Systems

Group,

Inc.

(The)

*(a)

1,075

76,999

Empire

Co.

Ltd.,

Class

A

(a)

1,559

55,844

Fairfax

Financial

Holdings

Ltd.

(a)

33

56,229

Finning

International,

Inc.

(a)

105

6,497

George

Weston

Ltd.

(a)

1,044

73,758

iA

Financial

Corp.,

Inc.

(a)

57

6,326

Intact

Financial

Corp.

(a)

59

10,691

Kinross

Gold

Corp.

(a)

1,265

38,675

Loblaw

Cos.

Ltd.

(a)

1,076

49,055

Lundin

Gold,

Inc.

(a)

824

62,971

Magna

International,

Inc.

(a)

812

45,348

Metro,

Inc.,

Class

A

(a)

428

29,284

Onex

Corp.

(a)

139

10,144

Pan

American

Silver

Corp.

(a)

339

18,545

Quebecor,

Inc.,

Class

B

(a)

339

14,395

Saputo,

Inc.

(a)

198

6,186

Stantec,

Inc.

(a)

358

30,949

Suncor

Energy,

Inc.

(a)

5,448

360,340

TFI

International,

Inc.

(a)

402

43,757

Thomson

Reuters

Corp.

(a)

789

71,215

Toromont

Industries

Ltd.

(a)

371

51,942

Toronto-Dominion

Bank

(The)

(a)

815

76,116

Tourmaline

Oil

Corp.

(a)

1,845

88,304

WSP

Global,

Inc.

(a)

81

12,606

2,389,553

Chile

-

0

.0

%

†

Lundin

Mining

Corp.

(a)(b)

248

6,184

China

-

0

.4

%

Wilmar

International

Ltd.

(2)

25,400

76,311

Denmark

-

3

.3

%

Danske

Bank

A/S

(2)(a)

3,700

182,345

Genmab

A/S

(2)*(a)

148

39,860

ISS

A/S

(2)(a)

2,778

101,185

Jyske

Bank

A/S

(Registered)

(2)(a)

398

54,615

Orsted

A/S

(2)*(a)(c)

4,100

101,676

Pandora

A/S

(2)(a)

1,151

82,266

Royal

Unibrew

A/S

(a)

186

15,090

Vestas

Wind

Systems

A/S

(2)(a)

1,135

34,244

Zealand

Pharma

A/S

(2)*(a)

425

19,792

631,073

Finland

-

1

.7

%

Elisa

OYJ

(2)(a)

1,080

52,607

Kone

OYJ,

Class

B

(2)(a)

163

10,406

Konecranes

OYJ

(2)(a)

258

8,468

Nordea

Bank

Abp

(2)(a)

3,895

67,069

Sampo

OYJ,

Class

A

(a)

1,469

15,624

UPM-Kymmene

OYJ

(2)(a)

723

22,630

Wartsila

OYJ

Abp

(2)(a)

3,670

136,700

313,504

France

-

12

.5

%

Air

France-KLM

(2)*(a)

3,095

31,369

BNP

Paribas

SA

(2)(a)

2,423

230,824

Bouygues

SA

(2)(a)

818

47,409

Carrefour

SA

(2)(a)

15,072

279,071

Credit

Agricole

SA

(2)(a)

5,187

96,812

128

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LSE

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

France

-

12.5%

(continued)

Dassault

Aviation

SA

(2)(a)

80

29,776

Eiffage

SA

(2)(a)

164

25,152

Gaztransport

Et

Technigaz

SA

(2)(a)

58

13,641

Hermes

International

SCA

(2)(a)

73

138,288

Ipsen

SA

(2)(a)

61

11,400

Legrand

SA

(2)(a)

852

132,362

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(2)(a)

140

76,531

Orange

SA

(2)(a)

2,694

55,235

Safran

SA

(2)(a)

479

156,743

SCOR

SE

(2)(a)

1,203

42,996

SEB

SA

(2)(a)

700

36,167

Societe

Generale

SA

(2)(a)

2,155

157,351

Teleperformance

SE

(2)(a)

1,153

67,754

Thales

SA

(2)(a)

790

231,664

TotalEnergies

SE

(2)(a)

4,052

371,868

Valeo

SE

(2)(a)

1,831

22,422

Vinci

SA

(2)(a)

672

100,867

2,355,702

Germany

-

9

.4

%

adidas

AG

(2)(a)

1,213

196,333

Allianz

SE

(Registered)

(2)(a)

170

71,794

Bechtle

AG

(2)(a)

3,202

110,423

Daimler

Truck

Holding

AG

(2)(a)

2,147

105,731

Deutsche

Bank

AG

(Registered)

(2)(a)

5,188

154,395

Deutsche

Lufthansa

AG

(Registered)

(2)(a)

2,910

24,781

Evonik

Industries

AG

(2)(a)

1,786

35,046

Fraport

AG

Frankfurt

Airport

Services

Worldwide

(2)*(a)

412

35,892

Freenet

AG

(2)(a)

290

8,929

GEA

Group

AG

(2)(a)

268

19,220

Hannover

Rueck

SE

(2)(a)

136

42,759

Heidelberg

Materials

AG

(2)(a)

167

35,243

HUGO

BOSS

AG

(2)(a)

1,730

74,885

LANXESS

AG

(2)(a)

818

18,085

Mercedes-Benz

Group

AG

(2)(a)

1,507

92,625

Nemetschek

SE

(2)(a)

1,076

80,549

Nordex

SE

(2)*(a)

1,748

94,728

Rational

AG

(2)(a)

46

33,748

Rheinmetall

AG

(2)(a)

64

107,954

RWE

AG

(2)(a)

1,651

111,077

Scout24

SE

(2)(a)(c)

942

72,683

Siemens

Energy

AG

(2)(a)

1,333

229,876

Talanx

AG

(2)(a)

50

6,204

1,762,960

Hong

Kong

-

0

.2

%

Prudential

plc

(2)(a)

1,815

25,234

Techtronic

Industries

Co.

Ltd.

(2)(a)

1,000

13,280

38,514

Italy

-

5

.4

%

A2A

SpA

(2)(a)

15,632

44,264

Amplifon

SpA

(2)(a)

25,462

280,916

Eni

SpA

(2)(a)

944

26,842

Fincantieri

SpA

(2)*(a)

4,790

73,912

INVESTMENTS

SHARES

VALUE

($)

Italy

-

5.4%

(continued)

FinecoBank

Banca

Fineco

SpA

(2)

(a)

4,602

102,389

Generali

(2)(a)

914

36,772

Intesa

Sanpaolo

SpA

(2)(a)

7,598

45,952

Leonardo

SpA

(2)(a)

2,202

149,778

Nexi

SpA

(2)(a)(c)

10,541

39,264

Pirelli

&

C

SpA

(2)(a)(c)

4,256

29,449

Poste

Italiane

SpA

(2)(a)(c)

2,026

47,690

Saipem

SpA

(2)(a)

2,282

10,441

Snam

SpA

(2)(a)

7,302

55,316

UniCredit

SpA

(2)(a)

985

70,668

1,013,653

Japan

-

40

.5

%

Advantest

Corp.

(2)(a)

500

69,003

Aeon

Co.

Ltd.

(2)(a)

900

10,760

AGC,

Inc.

(2)(a)

300

10,628

Aisin

Corp.

(2)(a)

1,800

25,359

Ajinomoto

Co.,

Inc.

(2)(a)

3,000

84,814

ANA

Holdings,

Inc.

(2)(a)

6,100

109,246

Asahi

Kasei

Corp.

(2)(a)

5,000

48,922

Astellas

Pharma,

Inc.

(2)(a)

16,500

268,981

Bandai

Namco

Holdings,

Inc.

(2)(a)

1,900

46,874

BayCurrent,

Inc.

(2)(a)

4,800

138,942

Brother

Industries

Ltd.

(2)(a)

3,400

62,944

Canon,

Inc.

(2)(a)

3,700

102,665

Central

Japan

Railway

Co.

(2)(a)

2,400

62,403

Chubu

Electric

Power

Co.,

Inc.

(2)

(a)

5,300

87,381

Concordia

Financial

Group

Ltd.

(2)

(a)

5,000

44,631

Dai

Nippon

Printing

Co.

Ltd.

(2)(a)

2,900

52,838

Daiichi

Life

Group,

Inc.

(2)(a)

4,000

36,888

Denso

Corp.

(2)(a)

4,200

52,660

Dentsu

Group,

Inc.

(2)*(a)

2,800

48,124

Disco

Corp.

(2)(a)

100

40,758

Eisai

Co.

Ltd.

(2)(a)

800

25,045

ENEOS

Holdings,

Inc.

(2)(a)

4,900

44,150

FANUC

Corp.

(2)(a)

1,200

41,828

Fujitsu

Ltd.

(2)(a)

2,100

42,946

Fukuoka

Financial

Group,

Inc.

(2)

(a)

3,700

141,694

Hitachi

Ltd.

(2)(a)

1,600

46,937

Honda

Motor

Co.

Ltd.

(2)(a)

18,200

147,303

Hoya

Corp.

(2)(a)

1,300

225,370

Iida

Group

Holdings

Co.

Ltd.

(2)(a)

1,500

23,076

Isetan

Mitsukoshi

Holdings

Ltd.

(2)

(a)

10,800

198,996

Japan

Airlines

Co.

Ltd.

(2)(a)

7,400

120,815

Japan

Post

Bank

Co.

Ltd.

(2)(a)

3,300

53,824

Japan

Post

Holdings

Co.

Ltd.

(2)(a)

11,000

127,011

Japan

Tobacco,

Inc.

(2)(a)

400

15,346

JFE

Holdings,

Inc.

(2)(a)

11,600

135,804

Kajima

Corp.

(2)(a)

2,600

99,187

Kansai

Electric

Power

Co.,

Inc.

(The)

(2)(a)

500

8,313

Kirin

Holdings

Co.

Ltd.

(2)(a)

7,300

116,115

Kobe

Bussan

Co.

Ltd.

(2)(a)

1,100

23,803

Kobe

Steel

Ltd.

(2)(a)

10,800

131,070

Komatsu

Ltd.

(2)(a)

1,200

47,785

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LSE

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

129

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

40.5%

(continued)

Kubota

Corp.

(2)(a)

700

11,218

Kyoto

Financial

Group,

Inc.

(2)(a)

2,000

52,697

Kyushu

Electric

Power

Co.,

Inc.

(2)

(a)

4,000

46,366

LY

Corp.

(2)(a)

42,500

102,473

MatsukiyoCocokara

&

Co.

(a)

5,500

87,540

MINEBEA

MITSUMI,

Inc.

(2)(a)

2,800

46,494

Mitsubishi

Chemical

Group

Corp.

(2)(a)

8,400

49,107

Mitsubishi

Electric

Corp.

(2)(a)

2,400

78,497

Mitsubishi

UFJ

Financial

Group,

Inc.

(2)(a)

1,100

18,627

Mitsui

&

Co.

Ltd.

(2)(a)

2,800

108,227

Mitsui

Chemicals,

Inc.

(2)(a)

6,400

77,312

Mizuho

Financial

Group,

Inc.

(2)(a)

4,100

165,983

MS&AD

Insurance

Group

Holdings,

Inc.

(2)(a)

700

18,267

Murata

Manufacturing

Co.

Ltd.

(2)

(a)

8,800

197,448

Nexon

Co.

Ltd.

(2)(a)

2,600

48,975

NIPPON

EXPRESS

HOLDINGS,

Inc.

(2)(a)

1,100

24,861

Nippon

Steel

Corp.

(2)(a)

17,000

62,688

Nippon

Yusen

KK

(2)(a)

2,000

73,470

Nissan

Chemical

Corp.

(2)(a)

600

23,332

Niterra

Co.

Ltd.

(2)(a)

300

14,145

Nomura

Holdings,

Inc.

(2)(a)

9,100

71,654

Obayashi

Corp.

(2)(a)

6,100

147,745

Obic

Co.

Ltd.

(a)

9,500

230,580

Oji

Holdings

Corp.

(2)(a)

1,600

8,656

Omron

Corp.

(2)(a)

5,500

158,230

Ono

Pharmaceutical

Co.

Ltd.

(2)(a)

1,400

22,470

ORIX

Corp.

(2)(a)

3,600

106,817

Pan

Pacific

International

Holdings

Corp.

(2)(a)

8,100

49,412

Panasonic

Holdings

Corp.

(2)(a)

4,600

77,148

Rakuten

Group,

Inc.

(2)*(a)

32,400

151,455

Recruit

Holdings

Co.

Ltd.

(2)(a)

2,600

113,282

Renesas

Electronics

Corp.

(2)(a)

1,000

14,297

Resona

Holdings,

Inc.

(2)(a)

13,400

152,864

Sanwa

Holdings

Corp.

(2)(a)

4,600

104,614

Seiko

Epson

Corp.

(2)(a)

5,700

70,470

Seven

&

i

Holdings

Co.

Ltd.

(2)(a)

12,200

164,086

Shimizu

Corp.

(2)(a)

4,700

84,323

Shionogi

&

Co.

Ltd.

(2)(a)

2,900

64,151

Shizuoka

Financial

Group,

Inc.

(2)

(a)

7,600

126,195

SMC

Corp.

(2)(a)

100

39,330

SoftBank

Corp.

(2)(a)

31,900

42,686

Sojitz

Corp.

(2)(a)

3,900

154,428

Sony

Financial

Group,

Inc.

(2)

6,100

5,588

Square

Enix

Holdings

Co.

Ltd.

(2)

(a)

1,200

19,123

Subaru

Corp.

(2)(a)

400

6,445

Sumitomo

Corp.

(2)(a)

3,900

145,934

Sumitomo

Electric

Industries

Ltd.

(2)(a)

600

34,092

Sumitomo

Metal

Mining

Co.

Ltd.

(2)(a)

1,100

64,024

INVESTMENTS

SHARES

VALUE

($)

Japan

-

40.5%

(continued)

Sumitomo

Mitsui

Trust

Group,

Inc.

(2)(a)

4,700

149,726

TBS

Holdings,

Inc.

(2)(a)

300

10,809

Tokio

Marine

Holdings,

Inc.

(2)(a)

500

23,470

Tokyo

Century

Corp.

(2)(a)

1,700

22,006

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(2)*(a)

4,800

19,779

Tokyo

Electron

Ltd.

(2)(a)

500

124,225

Tokyo

Gas

Co.

Ltd.

(2)(a)

2,600

122,450

Tosoh

Corp.

(2)(a)

600

8,919

TOTO

Ltd.

(2)(a)

900

29,755

Toyota

Motor

Corp.

(2)(a)

2,400

49,890

USS

Co.

Ltd.

(2)(a)

5,400

56,802

Yamato

Holdings

Co.

Ltd.

(2)(a)

2,500

27,879

Yokogawa

Electric

Corp.

(2)(a)

1,100

33,994

7,638,769

Netherlands

-

3

.7

%

Aalberts

NV

(2)(a)

303

10,552

Argenx

SE

(2)*(a)

63

45,722

ASM

International

NV

(2)(a)

153

115,967

ASML

Holding

NV

(2)(a)

115

152,921

ASR

Nederland

NV

(2)(a)

400

27,539

Heineken

NV

(2)(a)

1,338

102,917

NN

Group

NV

(2)(a)

1,394

108,866

Wolters

Kluwer

NV

(2)(a)

1,667

124,505

688,989

New

Zealand

-

0

.1

%

Xero

Ltd.

(2)*(a)

359

18,973

Norway

-

2

.0

%

Gjensidige

Forsikring

ASA

(2)(a)

622

16,271

Kongsberg

Gruppen

ASA

(a)

2,952

125,834

Norsk

Hydro

ASA

(2)(a)

1,105

11,778

Storebrand

ASA

(2)(a)

2,853

51,496

Telenor

ASA

(a)

3,516

61,838

Vend

Marketplaces

ASA

(a)

4,271

105,684

372,901

Portugal

-

0

.3

%

Banco

Comercial

Portugues

SA,

Class

R

(2)

34,371

33,477

EDP

SA

(2)

3,131

16,568

50,045

Singapore

-

0

.5

%

Sea

Ltd.,

ADR

*(a)

118

9,772

United

Overseas

Bank

Ltd.

(2)

3,200

91,602

101,374

Spain

-

2

.8

%

ACS

Actividades

de

Construccion

y

Servicios

SA

(2)(a)

255

31,099

Aena

SME

SA

(a)(c)

2,732

80,587

Banco

Bilbao

Vizcaya

Argentaria

SA

(2)(a)

1,791

38,685

Banco

Santander

SA

(2)(a)

571

6,401

Bankinter

SA

(2)(a)

2,752

43,584

Enagas

SA

(a)

1,584

31,381

Fluidra

SA

(2)(a)

439

10,183

130

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LSE

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Spain

-

2.8%

(continued)

Industria

de

Diseno

Textil

SA

(2)(a)

2,524

146,919

Naturgy

Energy

Group

SA

(a)

844

25,266

Repsol

SA

(2)(a)

686

19,310

Unicaja

Banco

SA

(2)(a)(c)

32,763

97,232

530,647

Sweden

-

4

.3

%

Alfa

Laval

AB

(2)(a)

669

36,594

Autoliv,

Inc.

(a)(b)

266

27,973

Boliden

AB

(2)*(a)

863

45,240

Evolution

AB

(2)(a)(c)

1,391

87,422

Nibe

Industrier

AB,

Class

B

(2)(a)

4,359

18,214

Sandvik

AB

(2)(a)

531

20,413

Svenska

Handelsbanken

AB,

Class

A

(2)(a)

1,937

25,537

Swedbank

AB,

Class

A

(2)(a)

2,580

87,935

Swedish

Orphan

Biovitrum

AB

(2)*(a)

421

17,644

Tele2

AB,

Class

B

(2)(a)

3,672

76,001

Telefonaktiebolaget

LM

Ericsson,

Class

B

(2)(a)

15,494

176,636

Telia

Co.

AB

(2)(a)

34,103

174,719

Volvo

AB,

Class

B

(2)(a)

299

9,831

804,159

Switzerland

-

5

.6

%

ABB

Ltd.

(Registered)

(2)(a)

2,738

222,620

Accelleron

Industries

AG

(2)(a)

533

48,176

Adecco

Group

AG

(Registered)

(2)

(a)

511

12,291

Avolta

AG

(2)*(a)

1,451

86,997

Clariant

AG

(Registered)

(2)*(a)

1,554

15,246

DSM-Firmenich

AG

(2)(a)

914

65,373

Flughafen

Zurich

AG

(Registered)

(2)(a)

210

65,759

Galderma

Group

AG

(2)(a)

56

11,006

Galenica

AG

(2)(a)(c)

84

9,563

Givaudan

SA

(Registered)

(2)(a)

29

98,064

Kuehne

+

Nagel

International

AG

(Registered)

(2)(a)

472

108,090

SGS

SA

(Registered)

(2)(a)

447

47,109

SIG

Group

AG

(2)(a)

399

5,981

Sonova

Holding

AG

(Registered)

(2)(a)

181

41,270

Swatch

Group

AG

(The)

(2)(a)

39

8,610

TE

Connectivity

plc

(a)

185

38,669

Zurich

Insurance

Group

AG

(2)(a)

239

168,930

1,053,754

United

Kingdom

-

10

.2

%

Admiral

Group

plc

(2)(a)

1,080

45,172

Barclays

plc

(2)(a)

25,510

133,506

Centrica

plc

(2)(a)

54,580

154,540

CK

Hutchison

Holdings

Ltd.

(2)(a)

1,500

11,514

Compass

Group

plc

(2)(a)

13,071

364,693

Entain

plc

(2)(a)

6,197

46,554

Hiscox

Ltd.

(2)(a)

1,289

26,019

Howden

Joinery

Group

plc

(2)(a)

3,129

33,142

Imperial

Brands

plc

(2)(a)

217

8,799

Inchcape

plc

(a)

776

7,703

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

10.2%

(continued)

International

Consolidated

Airlines

Group

SA

(2)(a)

22,148

105,121

ITV

plc

(2)(a)

13,424

13,577

Kingfisher

plc

(2)(a)

24,580

93,461

Lloyds

Banking

Group

plc

(2)(a)

84,421

104,634

NatWest

Group

plc

(2)(a)

10,000

74,079

Next

plc

(2)(a)

85

14,361

Persimmon

plc

(2)(a)

1,365

19,486

Reckitt

Benckiser

Group

plc

(2)(a)

955

64,215

Rolls-Royce

Holdings

plc

(2)(a)

4,287

65,130

RS

GROUP

plc

(2)(a)

1,021

7,645

Sage

Group

plc

(The)

(2)(a)

806

9,032

TechnipFMC

plc

(a)

3,142

217,206

Tesco

plc

(2)(a)

30,728

193,126

United

Utilities

Group

plc

(2)(a)

540

9,416

Vodafone

Group

plc

(2)(a)

66,141

99,764

1,921,895

United

States

-

159

.4

%

Abercrombie

&

Fitch

Co.,

Class

A

*(a)(b)

1,174

107,268

ADT,

Inc.

(a)

3,100

20,367

Advanced

Energy

Industries,

Inc.

(a)(b)

17

5,486

Aegon

Ltd.

(2)(a)

5,633

41,195

Affirm

Holdings,

Inc.,

Class

A

*(a)(b)

257

11,776

AGCO

Corp.

(a)

82

9,501

Agilent

Technologies,

Inc.

(a)

249

28,381

Agree

Realty

Corp.,

REIT

(a)

124

9,347

Air

Lease

Corp.,

Class

A

(a)

438

28,444

Airbnb,

Inc.,

Class

A

*(a)

942

118,956

Akamai

Technologies,

Inc.

*(a)(b)

245

28,138

Albemarle

Corp.

(a)

226

40,574

Alcoa

Corp.

(a)

879

58,304

Allison

Transmission

Holdings,

Inc.

(a)(b)

387

45,302

Allstate

Corp.

(The)

(a)

115

23,844

Ally

Financial,

Inc.

(a)

1,711

67,123

Altria

Group,

Inc.

(a)

587

38,736

Amazon.com,

Inc.

*(a)

31

6,456

Amdocs

Ltd.

(a)

86

5,612

Ameren

Corp.

(a)

303

33,306

American

Electric

Power

Co.,

Inc.

(a)

211

27,658

American

Financial

Group,

Inc.

(a)

(b)

226

28,862

American

International

Group,

Inc.

(a)(b)

354

26,639

American

Tower

Corp.,

REIT

(a)

462

79,732

American

Water

Works

Co.,

Inc.

(a)(b)

437

59,471

Ameriprise

Financial,

Inc.

(a)

417

185,315

AMETEK,

Inc.

(a)(b)

42

9,003

Amphenol

Corp.,

Class

A

(a)

226

28,555

Analog

Devices,

Inc.

(a)(b)

104

33,087

Antero

Resources

Corp.

*(a)

375

15,915

Aon

plc,

Class

A

(a)(b)

97

31,310

Applied

Industrial

Technologies,

Inc.

(a)

170

45,104

AptarGroup,

Inc.

(a)

424

53,432

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LSE

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

131

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

159.4%

(continued)

Aramark

(a)(b)

5,325

215,875

Arch

Capital

Group

Ltd.

*(a)

1,083

103,957

Arista

Networks,

Inc.

*(a)

464

56,970

Armstrong

World

Industries,

Inc.

(a)

82

13,514

Arrow

Electronics,

Inc.

*(a)(b)

75

10,756

ASGN,

Inc.

*(a)(b)

2,267

87,756

Ashland,

Inc.

(a)(b)

236

13,124

Assured

Guaranty

Ltd.

(a)

96

7,822

ATI,

Inc.

*(a)

177

25,746

Autodesk,

Inc.

*(a)

145

34,713

AutoNation,

Inc.

*(a)(b)

205

40,028

AutoZone,

Inc.

*(a)(b)

4

13,511

Avnet,

Inc.

(a)(b)

1,818

112,025

Axis

Capital

Holdings

Ltd.

(a)

1,082

109,726

Ball

Corp.

(a)

1,596

94,340

Bank

of

America

Corp.

(a)(b)

1,449

70,639

Bank

of

New

York

Mellon

Corp.

(The)

(a)(b)

531

62,993

Bath

&

Body

Works,

Inc.

(a)(b)

3,324

62,059

Best

Buy

Co.,

Inc.

(a)(b)

928

59,578

Biogen,

Inc.

*(a)(b)

385

70,582

BioMarin

Pharmaceutical,

Inc.

*(a)

1,765

99,705

Blackrock,

Inc.

(a)

129

124,061

Blackstone,

Inc.

(a)(b)

287

33,002

Booking

Holdings,

Inc.

(a)

50

210,516

Boston

Beer

Co.,

Inc.

(The),

Class

A

*(a)

62

14,285

Boston

Scientific

Corp.

*(a)

1,072

67,268

BP

plc

(2)(a)

42,127

329,719

Bright

Horizons

Family

Solutions,

Inc.

*(a)

658

54,042

Brink's

Co.

(The)

(a)(b)

172

17,824

Bristol-Myers

Squibb

Co.

(a)

3,325

201,661

Broadcom,

Inc.

(a)

282

87,282

Broadridge

Financial

Solutions,

Inc.

(a)(b)

947

153,869

Brunswick

Corp.

(a)(b)

579

42,128

Burlington

Stores,

Inc.

*(a)(b)

326

106,074

CACI

International,

Inc.,

Class

A

*(a)(b)

89

48,404

Capital

One

Financial

Corp.

(a)

563

102,708

Cardinal

Health,

Inc.

(a)

197

41,628

CarMax,

Inc.

*(a)(b)

1,921

79,875

Carnival

Corp.

(a)(b)

226

5,849

Carpenter

Technology

Corp.

(a)

189

74,494

Carrier

Global

Corp.

(a)(b)

1,698

95,614

Casey's

General

Stores,

Inc.

(a)

9

6,551

CCC

Intelligent

Solutions

Holdings,

Inc.

*(a)

2,313

13,878

CDW

Corp.

(a)(b)

201

24,325

Centene

Corp.

*(a)

5,390

176,469

Charter

Communications,

Inc.,

Class

A

*(a)(b)

64

13,816

Chemed

Corp.

(a)

185

69,882

Cheniere

Energy,

Inc.

(a)(b)

514

145,853

Chewy,

Inc.,

Class

A

*(a)(b)

6,184

166,968

Chipotle

Mexican

Grill,

Inc.,

Class

A

*(a)(b)

2,109

67,509

Chord

Energy

Corp.

(a)(b)

341

48,483

Chubb

Ltd.

(a)

652

212,506

INVESTMENTS

SHARES

VALUE

($)

United

States

-

159.4%

(continued)

Ciena

Corp.

*(a)(b)

254

98,610

Cigna

Group

(The)

(a)(b)

358

95,497

Cincinnati

Financial

Corp.

(a)

53

8,340

Cirrus

Logic,

Inc.

*(a)

98

14,173

Citigroup,

Inc.

(a)

113

12,815

Citizens

Financial

Group,

Inc.

(a)

1,723

103,328

Clean

Harbors,

Inc.

*(a)

19

5,448

Clorox

Co.

(The)

(a)(b)

838

86,842

Cloudflare,

Inc.,

Class

A

*(a)(b)

101

20,840

CNA

Financial

Corp.

(a)(b)

865

39,721

CNO

Financial

Group,

Inc.

(a)

473

19,421

Coca-Cola

Consolidated,

Inc.

(a)

301

57,714

Columbia

Sportswear

Co.

(a)(b)

1,513

82,928

Comfort

Systems

USA,

Inc.

(a)

147

202,712

Commerce

Bancshares,

Inc.

(a)(b)

1,934

95,153

Commercial

Metals

Co.

(a)

648

39,807

Commvault

Systems,

Inc.

*(a)

937

72,983

Concentrix

Corp.

(a)(b)

1,290

35,294

Constellation

Energy

Corp.

(a)(b)

34

9,495

Cooper

Cos.,

Inc.

(The)

*(a)(b)

1,592

113,828

Copart,

Inc.

*(a)(b)

171

5,677

COPT

Defense

Properties,

REIT

(a)(b)

314

9,608

Corpay,

Inc.

*(a)(b)

80

23,279

Corteva,

Inc.

(a)

422

35,326

CoStar

Group,

Inc.

*(a)(b)

643

25,939

Costco

Wholesale

Corp.

(a)

83

82,704

Crane

Co.

(a)

476

81,396

CRH

plc

(a)(b)

534

56,134

Crowdstrike

Holdings,

Inc.,

Class

A

*(a)(b)

15

5,856

Crown

Holdings,

Inc.

(a)

576

57,744

Cummins,

Inc.

(a)

106

57,030

Curtiss-Wright

Corp.

(a)(b)

259

176,410

Danaher

Corp.

(a)

704

133,478

Darden

Restaurants,

Inc.

(a)(b)

304

59,596

Darling

Ingredients,

Inc.

*(a)

225

13,916

Datadog,

Inc.,

Class

A

*(a)(b)

671

79,212

DaVita,

Inc.

*(a)

37

5,687

Deckers

Outdoor

Corp.

*(a)

366

36,633

Dell

Technologies,

Inc.,

Class

C

(a)

36

5,909

Delta

Air

Lines,

Inc.

(a)

1,118

74,325

Dexcom,

Inc.

*(a)

138

8,666

Docusign,

Inc.,

Class

A

*(a)

1,747

82,825

Dolby

Laboratories,

Inc.,

Class

A

(a)

1,172

70,390

Dollar

General

Corp.

(a)

1,116

132,503

Dollar

Tree,

Inc.

*(a)(b)

53

5,804

Domino's

Pizza,

Inc.

(a)

367

131,676

DoubleVerify

Holdings,

Inc.

*(a)(b)

6,428

61,066

Dover

Corp.

(a)

548

114,231

Dow,

Inc.

(a)(b)

639

26,614

DR

Horton,

Inc.

(a)(b)

328

45,008

DraftKings,

Inc.,

Class

A

*(a)(b)

3,983

86,112

DTE

Energy

Co.

(a)(b)

67

9,797

Dynatrace,

Inc.

*(a)

1,594

58,946

Eagle

Materials,

Inc.

(a)(b)

32

6,062

East

West

Bancorp,

Inc.

(a)

923

98,539

Ecolab,

Inc.

(a)(b)

140

37,243

Edison

International

(a)

4,814

352,288

Elastic

NV

*(a)

1,946

97,281

132

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LSE

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

159.4%

(continued)

Elevance

Health,

Inc.

(a)

97

28,397

elf

Beauty,

Inc.

*(a)(b)

1,323

80,187

EMCOR

Group,

Inc.

(a)

213

157,260

EnerSys

(a)

113

19,630

Envista

Holdings

Corp.

*(a)(b)

499

12,660

EOG

Resources,

Inc.

(a)

181

26,167

EPR

Properties,

REIT

(a)(b)

549

27,428

Equifax,

Inc.

(a)(b)

501

90,215

Equinix,

Inc.,

REIT

(a)(b)

154

150,957

Evercore,

Inc.,

Class

A

(a)(b)

242

72,239

Everest

Group

Ltd.

(a)

132

43,144

Everpure,

Inc.,

Class

A

*(a)(b)

210

12,398

Exelixis,

Inc.

*(a)

2,448

104,995

ExlService

Holdings,

Inc.

*(a)

6,857

208,796

Expand

Energy

Corp.

(a)(b)

453

49,730

Expedia

Group,

Inc.

(a)(b)

322

74,347

Experian

plc

(2)(a)

1,662

57,496

Exponent,

Inc.

(a)(b)

535

34,909

Extra

Space

Storage,

Inc.,

REIT

(a)(b)

197

25,833

Federal

Realty

Investment

Trust,

REIT

(a)

792

84,118

Federated

Hermes,

Inc.,

Class

B

(a)(b)

172

9,754

FedEx

Corp.

(a)

718

255,736

Fidelity

National

Financial,

Inc.

(a)

(b)

1,148

53,244

Fidelity

National

Information

Services,

Inc.

(a)(b)

3,144

147,485

First

Hawaiian,

Inc.

(a)(b)

1,277

31,465

First

Horizon

Corp.

(a)

1,270

28,905

FirstCash

Holdings,

Inc.

(a)(b)

225

42,300

Five

Below,

Inc.

*(a)

406

92,763

Fluor

Corp.

*(a)(b)

412

19,220

FMC

Corp.

(a)

4,582

78,902

Ford

Motor

Co.

(a)

2,817

32,508

Fortinet,

Inc.

*(a)

1,148

93,815

Freeport-McMoRan,

Inc.

(a)

1,412

82,997

Gaming

and

Leisure

Properties,

Inc.,

REIT

(a)

487

21,608

Gap,

Inc.

(The)

(a)

2,202

53,288

Garmin

Ltd.

(a)(b)

187

43,386

Gartner,

Inc.

*(a)(b)

290

45,919

Gates

Industrial

Corp.

plc

*(a)

1,452

32,830

GE

Aerospace

(a)

347

98,468

GE

Vernova,

Inc.

(a)

116

101,256

General

Dynamics

Corp.

(a)

269

92,326

General

Mills,

Inc.

(a)(b)

3,851

143,334

General

Motors

Co.

(a)

1,625

121,063

Genpact

Ltd.

(a)

2,599

96,813

Genuine

Parts

Co.

(a)(b)

56

5,922

GFL

Environmental,

Inc.

(a)

891

37,168

Gitlab,

Inc.,

Class

A

*(a)(b)

1,384

29,950

GLOBALFOUNDRIES,

Inc.

*(a)(b)

1,238

55,066

Globant

SA

*(a)(b)

850

39,194

Globe

Life,

Inc.

(a)

185

25,746

Globus

Medical,

Inc.,

Class

A

*(a)

98

8,444

Goodyear

Tire

&

Rubber

Co.

(The)

*(a)(b)

6,263

41,524

Graham

Holdings

Co.,

Class

B

(a)

19

20,088

INVESTMENTS

SHARES

VALUE

($)

United

States

-

159.4%

(continued)

Grand

Canyon

Education,

Inc.

*(a)

(b)

231

39,277

GSK

plc

(2)(a)

2,780

76,576

Guidewire

Software,

Inc.

*(a)(b)

93

13,909

H&R

Block,

Inc.

(a)(b)

668

21,202

Haemonetics

Corp.

*(a)(b)

611

34,436

Halozyme

Therapeutics,

Inc.

*(a)(b)

233

15,059

Hanover

Insurance

Group,

Inc.

(The)

(a)

88

15,255

Hartford

Insurance

Group,

Inc.

(The)

(a)

166

22,448

Hasbro,

Inc.

(a)(b)

493

46,145

HCA

Healthcare,

Inc.

(a)

97

45,904

HealthEquity,

Inc.

*(a)

1,525

127,444

Hewlett

Packard

Enterprise

Co.

(a)

(b)

2,309

54,977

Hilton

Grand

Vacations,

Inc.

*(a)(b)

136

5,320

Hilton

Worldwide

Holdings,

Inc.

(a)

124

37,706

Holcim

AG

(2)(a)

777

64,228

Host

Hotels

&

Resorts,

Inc.,

REIT

(a)(b)

2,099

40,217

HubSpot,

Inc.

*(a)

358

87,388

Humana,

Inc.

(a)(b)

33

5,722

Huntington

Ingalls

Industries,

Inc.

(a)

243

92,316

Illinois

Tool

Works,

Inc.

(a)

534

138,995

Illumina,

Inc.

*(a)(b)

174

21,447

Incyte

Corp.

*(a)(b)

932

87,720

Ingredion,

Inc.

(a)(b)

626

70,525

Insulet

Corp.

*(a)

485

101,772

InterContinental

Hotels

Group

plc

(2)(a)

1,185

156,272

International

Bancshares

Corp.

(a)

(b)

170

11,439

International

Business

Machines

Corp.

(a)(b)

607

147,131

International

Flavors

&

Fragrances,

Inc.

(a)(b)

752

54,558

Intuit,

Inc.

(a)(b)

249

107,663

Invesco

Ltd.

(a)

2,435

59,146

Invitation

Homes,

Inc.,

REIT

(a)(b)

1,171

29,099

IQVIA

Holdings,

Inc.

*(a)

142

24,217

Iron

Mountain,

Inc.,

REIT

(a)

1,692

172,821

ITT,

Inc.

(a)

760

144,803

Jacobs

Solutions,

Inc.

(a)

265

33,729

Jazz

Pharmaceuticals

plc

*(a)

522

98,684

JB

Hunt

Transport

Services,

Inc.

(a)

791

167,613

Jones

Lang

LaSalle,

Inc.

*(a)

138

41,996

KB

Home

(a)(b)

415

21,476

Keysight

Technologies,

Inc.

*(a)

224

63,251

Kimco

Realty

Corp.,

REIT

(a)(b)

428

9,617

Kinder

Morgan,

Inc.

(a)

4,112

137,875

Kirby

Corp.

*(a)

118

15,680

KKR

&

Co.,

Inc.

(a)

1,294

119,695

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

(a)(b)

1,369

78,827

Lamar

Advertising

Co.,

Class

A,

REIT

(a)(b)

418

52,944

Lamb

Weston

Holdings,

Inc.

(a)(b)

895

37,823

Landstar

System,

Inc.

(a)

1,076

172,494

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LSE

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

133

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

159.4%

(continued)

Las

Vegas

Sands

Corp.

(a)

660

35,561

Lennar

Corp.,

Class

A

(a)

190

16,500

Leonardo

DRS,

Inc.

(a)

994

44,253

Lincoln

Electric

Holdings,

Inc.

(a)

410

102,123

Linde

plc

(a)(b)

331

164,097

Lineage,

Inc.,

REIT

(a)

266

8,714

LivaNova

plc

*(a)

215

13,665

Lockheed

Martin

Corp.

(a)

396

239,337

Louisiana-Pacific

Corp.

(a)(b)

415

30,191

Lowe's

Cos.,

Inc.

(a)(b)

31

7,325

Lululemon

Athletica,

Inc.

*(a)(b)

256

39,194

Lumentum

Holdings,

Inc.

*(a)(b)

116

81,520

LyondellBasell

Industries

NV,

Class

A

(a)(b)

1,457

117,376

Manhattan

Associates,

Inc.

*(a)(b)

1,152

153,354

ManpowerGroup,

Inc.

(a)

625

18,413

MarketAxess

Holdings,

Inc.

(a)(b)

1,080

178,178

Marsh

&

McLennan

Cos.,

Inc.

(a)(b)

959

166,339

Marzetti

Co.

(The)

(a)

255

35,274

MasTec,

Inc.

*(a)

86

27,670

Matador

Resources

Co.

(a)(b)

628

39,677

Match

Group,

Inc.

(a)

1,519

46,648

McKesson

Corp.

(a)

33

28,557

Medical

Properties

Trust,

Inc.,

REIT

(a)(b)

2,270

10,510

Medpace

Holdings,

Inc.

*(a)(b)

157

75,390

Merck

&

Co.,

Inc.

(a)

733

88,173

MetLife,

Inc.

(a)

394

27,864

MGIC

Investment

Corp.

(a)

1,811

47,539

MGM

Resorts

International

*(a)(b)

172

6,366

Microchip

Technology,

Inc.

(a)(b)

293

18,931

Micron

Technology,

Inc.

(a)(b)

508

171,623

Microsoft

Corp.

(a)

16

5,923

MKS,

Inc.

(a)(b)

53

12,180

Mohawk

Industries,

Inc.

*(a)(b)

1,106

108,897

Molina

Healthcare,

Inc.

*(a)(b)

839

111,839

MongoDB,

Inc.,

Class

A

*(a)(b)

278

68,046

Mosaic

Co.

(The)

(a)

4,126

105,213

MSCI,

Inc.,

Class

A

(a)

217

116,965

Mueller

Industries,

Inc.

(a)(b)

901

99,831

Murphy

Oil

Corp.

(a)(b)

370

15,263

Nasdaq,

Inc.

(a)(b)

452

38,370

Natera,

Inc.

*(a)(b)

331

66,197

National

Fuel

Gas

Co.

(a)(b)

151

14,188

nCino,

Inc.

*(a)

3,307

49,539

Nestle

SA

(Registered)

(2)(a)

1,359

133,306

Neurocrine

Biosciences,

Inc.

*(a)

1,446

190,496

New

York

Times

Co.

(The),

Class

A

(a)(b)

2,034

170,307

Newell

Brands,

Inc.

(a)(b)

14,413

49,437

Newmont

Corp.

(a)

647

70,038

News

Corp.,

Class

A

(a)(b)

1,869

46,594

Northern

Trust

Corp.

(a)

273

38,103

Novartis

AG

(Registered)

(2)(a)

958

147,048

Nucor

Corp.

(a)

135

22,829

Nutanix,

Inc.,

Class

A

*(a)

2,101

79,859

nVent

Electric

plc

(a)

192

22,710

NVIDIA

Corp.

(a)(b)

245

42,728

NVR,

Inc.

*(a)

1

6,590

Occidental

Petroleum

Corp.

(a)

3,529

229,384

INVESTMENTS

SHARES

VALUE

($)

United

States

-

159.4%

(continued)

Old

Dominion

Freight

Line,

Inc.

(a)

(b)

186

36,344

Old

Republic

International

Corp.

(a)

1,267

50,553

Ollie's

Bargain

Outlet

Holdings,

Inc.

*(a)(b)

657

60,470

Omnicom

Group,

Inc.

(a)(b)

1,336

100,614

OneMain

Holdings,

Inc.

(a)

2,256

120,673

O'Reilly

Automotive,

Inc.

*(a)(b)

467

43,109

Oshkosh

Corp.

(a)(b)

67

9,863

Ovintiv,

Inc.

(a)

683

40,543

Owens

Corning

(a)(b)

675

73,049

PACCAR,

Inc.

(a)

113

13,052

Palantir

Technologies,

Inc.,

Class

A

*(a)(b)

250

36,570

Park

Hotels

&

Resorts,

Inc.,

REIT

(a)(b)

531

5,591

Paylocity

Holding

Corp.

*(a)

51

5,510

PBF

Energy,

Inc.,

Class

A

(a)(b)

586

27,905

Pegasystems,

Inc.

(a)

682

29,026

PepsiCo,

Inc.

(a)(b)

1,156

179,515

Permian

Resources

Corp.,

Class

A

(a)

275

5,863

Pfizer,

Inc.

(a)

823

23,110

PG&E

Corp.

(a)

18,909

332,230

Philip

Morris

International,

Inc.

(a)

(b)

846

139,878

Phillips

66

(a)

777

141,554

Pinnacle

Financial

Partners,

Inc.

(a)(b)

1,070

92,170

Planet

Fitness,

Inc.,

Class

A

*(a)(b)

1,230

91,487

PNC

Financial

Services

Group,

Inc.

(The)

(a)(b)

1,018

211,836

Polaris,

Inc.

(a)

252

13,734

Popular,

Inc.

569

76,343

Portland

General

Electric

Co.

(a)

736

38,839

Principal

Financial

Group,

Inc.

(a)

(b)

625

56,319

Procore

Technologies,

Inc.

*(a)(b)

1,602

91,314

Procter

&

Gamble

Co.

(The)

(a)(b)

969

139,962

Progressive

Corp.

(The)

(a)

256

50,749

Prologis,

Inc.,

REIT

(a)(b)

418

55,251

Prosperity

Bancshares,

Inc.

(a)(b)

2,256

151,558

Ralph

Lauren

Corp.,

Class

A

(a)

141

48,503

RBC

Bearings,

Inc.

*(a)(b)

31

16,837

Regeneron

Pharmaceuticals,

Inc.

(a)

244

188,524

Reinsurance

Group

of

America,

Inc.

(a)

763

155,774

RenaissanceRe

Holdings

Ltd.

(a)(b)

327

97,194

Robert

Half,

Inc.

(a)(b)

2,071

52,603

Roche

Holding

AG

(2)(a)

107

42,703

Roku,

Inc.,

Class

A

*(a)

206

19,492

Roper

Technologies,

Inc.

(a)

19

6,723

Ross

Stores,

Inc.

(a)

228

49,392

Royal

Caribbean

Cruises

Ltd.

(a)(b)

25

6,880

Royalty

Pharma

plc,

Class

A

(a)

122

5,852

Rubrik,

Inc.,

Class

A

*(a)(b)

573

28,060

Ryder

System,

Inc.

(a)

205

41,966

S&P

Global,

Inc.

(a)(b)

431

183,322

Saia,

Inc.

*(a)(b)

40

14,051

134

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LSE

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

159.4%

(continued)

Salesforce,

Inc.

(a)

693

129,362

Sandisk

Corp.

*(a)(b)

43

27,320

Sanofi

SA

(2)(a)

4,075

393,521

Sarepta

Therapeutics,

Inc.

*(a)(b)

2,746

59,753

SBA

Communications

Corp.,

REIT

(a)(b)

49

8,433

Science

Applications

International

Corp.

(a)

598

56,762

Seagate

Technology

Holdings

plc

(a)(b)

329

128,889

Selective

Insurance

Group,

Inc.

(a)

1,495

112,708

SentinelOne,

Inc.,

Class

A

*(a)(b)

6,901

88,885

Service

Corp.

International

(a)(b)

395

32,591

ServiceNow,

Inc.

*(a)

617

64,507

SiteOne

Landscape

Supply,

Inc.

*(a)

448

59,633

Smurfit

Westrock

plc

(a)(b)

2,660

106,001

Snowflake,

Inc.,

Class

A

*(a)(b)

1,074

161,981

Sotera

Health

Co.

*(a)

487

6,984

SOUTHSTATE

BANK

Corp.

(a)(b)

1,101

101,865

Southwest

Airlines

Co.

(a)(b)

495

18,597

Sprouts

Farmers

Market,

Inc.

*(a)

(b)

153

11,801

SS&C

Technologies

Holdings,

Inc.

(a)

85

5,743

State

Street

Corp.

(a)

159

20,123

STERIS

plc

(a)(b)

161

35,602

Stifel

Financial

Corp.

(a)

2,874

212,446

Stryker

Corp.

(a)

489

160,681

Sunbelt

Rentals

Holdings,

Inc.

(2)

887

56,583

Synchrony

Financial

(a)

1,044

71,013

Take-Two

Interactive

Software,

Inc.

*(a)

613

121,068

Tapestry,

Inc.

(a)

752

106,115

Target

Corp.

(a)

352

42,662

Taylor

Morrison

Home

Corp.,

Class

A

*(a)

808

47,058

TD

SYNNEX

Corp.

(a)(b)

888

149,814

Tenet

Healthcare

Corp.

*(a)

377

71,144

Teradyne,

Inc.

(a)

393

116,509

Texas

Capital

Bancshares,

Inc.

*(a)

723

68,598

Texas

Pacific

Land

Corp.

(a)(b)

119

56,473

Texas

Roadhouse,

Inc.,

Class

A

(a)

(b)

1,539

254,149

Textron,

Inc.

(a)(b)

1,265

110,763

TJX

Cos.,

Inc.

(The)

(a)

1,852

295,763

T-Mobile

US,

Inc.

(a)

1,549

325,335

Toll

Brothers,

Inc.

(a)(b)

262

35,755

Toro

Co.

(The)

(a)

2,525

235,935

Tradeweb

Markets,

Inc.,

Class

A

(a)

1,416

166,607

TransUnion

(a)(b)

399

27,607

Travelers

Cos.,

Inc.

(The)

(a)(b)

607

177,050

Trex

Co.,

Inc.

*(a)(b)

2,365

86,133

Truist

Financial

Corp.

(a)(b)

570

26,203

Tyson

Foods,

Inc.,

Class

A

(a)(b)

2,129

136,405

Ulta

Beauty,

Inc.

*(a)

61

31,885

Ultragenyx

Pharmaceutical,

Inc.

*(a)(b)

1,038

21,746

Union

Pacific

Corp.

(a)(b)

115

27,901

United

Airlines

Holdings,

Inc.

*(a)

152

13,995

INVESTMENTS

SHARES

VALUE

($)

United

States

-

159.4%

(continued)

United

Parcel

Service,

Inc.,

Class

B

(a)(b)

744

73,195

United

Therapeutics

Corp.

*(a)

108

64,042

UnitedHealth

Group,

Inc.

(a)

147

39,777

Universal

Health

Services,

Inc.,

Class

B

(a)

148

26,488

Unum

Group

(a)(b)

168

12,269

Valley

National

Bancorp

(a)(b)

967

11,875

Valmont

Industries,

Inc.

(a)

14

5,594

Veeva

Systems,

Inc.,

Class

A

*(a)

30

5,270

Ventas,

Inc.,

REIT

(a)(b)

1,038

84,888

Veralto

Corp.

(a)(b)

558

49,338

VeriSign,

Inc.

(a)(b)

770

191,237

Versant

Media

Group,

Inc.

*(a)

2,394

88,626

Vertex

Pharmaceuticals,

Inc.

*(a)(b)

81

36,170

Vertiv

Holdings

Co.,

Class

A

(a)

294

73,671

VF

Corp.

(a)(b)

652

11,077

Viatris,

Inc.

(a)(b)

1,866

25,210

Viking

Holdings

Ltd.

*(a)

2,174

159,746

Walmart,

Inc.

(a)(b)

795

98,803

Warner

Music

Group

Corp.,

Class

A

(a)(b)

2,378

60,734

Watts

Water

Technologies,

Inc.,

Class

A

(a)

116

33,674

Weatherford

International

plc

(a)(b)

354

33,481

WEC

Energy

Group,

Inc.

(a)(b)

83

9,609

WESCO

International,

Inc.

(a)(b)

96

26,268

West

Pharmaceutical

Services,

Inc.

(a)

156

39,100

Western

Digital

Corp.

(a)(b)

378

102,245

Westinghouse

Air

Brake

Technologies

Corp.

(a)

348

86,969

WEX,

Inc.

*(a)

131

20,048

Woodward,

Inc.

(a)

76

27,202

Xylem,

Inc.

(a)(b)

92

10,994

Zions

Bancorp

NA

(a)

625

36,013

Zoom

Communications,

Inc.,

Class

A

*(a)

751

60,373

ZoomInfo

Technologies,

Inc.,

Class

A

*(a)(b)

4,613

27,586

Zscaler,

Inc.

*(a)(b)

396

55,555

30,064,540

TOTAL

COMMON

STOCKS

(Cost

$49,677,653)

53,763,978

NO.

OF

RIGHTS

RIGHTS

-

0.0%

Italy

-

0

.0

%

Telecom

Italia

SpA,

expiring

4/1/2026

(2)*

(Cost

$–)

42,705

–

SHARES

SHORT-TERM

INVESTMENTS

-

68.6%

INVESTMENT

COMPANIES

-

52

.9

%

Limited

Purpose

Cash

Investment

Fund,

3.65%

(d)

(Cost

$9,980,765)

9,980,765

9,980,765

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LSE

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

135

(Continued)

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

15

.7

%

U.S.

Treasury

Bills

3.59%,

8/27/2026

(2)(e)

(Cost

$2,956,525)

3,000,000

2,955,662

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$12,937,290)

12,936,427

TOTAL

LONG

POSITIONS

(Cost

$62,614,943)

66,700,405

SHARES

SHORT

POSITIONS

-

(262.2)%

COMMON

STOCKS

-

(261.1)%

Australia

-

(

7

.7

)

%

Ampol

Ltd.

(2)

(

1,432

)

(

33,213

)

Atlas

Arteria

Ltd.

(2)

(

4,175

)

(

12,381

)

CAR

Group

Ltd.

(2)

(

3,191

)

(

50,939

)

Cleanaway

Waste

Management

Ltd.

(2)

(

9,258

)

(

14,661

)

Cochlear

Ltd.

(2)

(

842

)

(

99,079

)

Coles

Group

Ltd.

(2)

(

1,506

)

(

22,838

)

Commonwealth

Bank

of

Australia

(2)

(

179

)

(

20,962

)

CSL

Ltd.

(2)

(

593

)

(

58,244

)

Endeavour

Group

Ltd.

(2)

(

6,614

)

(

14,972

)

Insurance

Australia

Group

Ltd.

(

12,389

)

(

62,741

)

Lendlease

Corp.

Ltd.

(2)

(

2,796

)

(

6,437

)

Liontown

Ltd.

(2)

(

125,583

)

(

153,283

)

Lynas

Rare

Earths

Ltd.

(2)

(

6,825

)

(

92,666

)

Macquarie

Group

Ltd.

(2)

(

152

)

(

21,593

)

National

Australia

Bank

Ltd.

(2)

(

711

)

(

20,566

)

NEXTDC

Ltd.

(2)

(

4,652

)

(

37,193

)

PLS

Group

Ltd.

(2)

(

28,090

)

(

102,852

)

Ramsay

Health

Care

Ltd.

(2)

(

1,564

)

(

42,539

)

REA

Group

Ltd.

(2)

(

402

)

(

44,042

)

Rio

Tinto

plc

(2)

(

66

)

(

6,123

)

SGH

Ltd.

(2)

(

1,550

)

(

44,099

)

Telix

Pharmaceuticals

Ltd.

(2)

(

10,226

)

(

97,904

)

Transurban

Group

(2)

(

681

)

(

6,643

)

Treasury

Wine

Estates

Ltd.

(2)

(

40,446

)

(

104,381

)

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(2)

(

2,583

)

(

72,590

)

Westpac

Banking

Corp.

(2)

(

1,605

)

(

44,355

)

Whitehaven

Coal

Ltd.

(2)

(

9,827

)

(

63,408

)

WiseTech

Global

Ltd.

(2)

(

2,797

)

(

75,465

)

Woodside

Energy

Group

Ltd.

(2)

(

1,009

)

(

23,951

)

(1,450,120)

Belgium

-

(

1

.3

)

%

Anheuser-Busch

InBev

SA/NV

(2)

(

79

)

(

5,466

)

D'ieteren

Group

(2)

(

556

)

(

102,945

)

Financiere

de

Tubize

SA

(2)

(

382

)

(

94,761

)

Lotus

Bakeries

NV

(2)

(

1

)

(

11,291

)

UCB

SA

(2)

(

121

)

(

36,457

)

(250,920)

INVESTMENTS

SHARES

VALUE

($)

Brazil

-

(

0

.8

)

%

MercadoLibre,

Inc.

(

50

)

(

86,451

)

Yara

International

ASA

(2)

(

947

)

(

55,356

)

(141,807)

Canada

-

(

8

.5

)

%

AtkinsRealis

Group,

Inc.

(

1,071

)

(

68,906

)

BCE,

Inc.

(

4,556

)

(

114,956

)

Bombardier,

Inc.,

Class

B

(

540

)

(

95,501

)

Brookfield

Asset

Management

Ltd.,

Class

A

(

1,104

)

(

49,085

)

Brookfield

Corp.,

Class

A

(

1,090

)

(

44,169

)

Brookfield

Renewable

Corp.

(

173

)

(

6,895

)

CAE,

Inc.

(

1,404

)

(

36,556

)

Cameco

Corp.

(

134

)

(

14,572

)

Canadian

Imperial

Bank

of

Commerce

(

662

)

(

62,740

)

Canadian

Tire

Corp.

Ltd.,

Class

A

(

216

)

(

29,048

)

Canadian

Utilities

Ltd.,

Class

A

(

587

)

(

20,617

)

Capital

Power

Corp.

(

1,083

)

(

51,297

)

Capstone

Copper

Corp.

(

6,731

)

(

50,757

)

Dollarama,

Inc.

(

115

)

(

14,114

)

Element

Fleet

Management

Corp.

(

498

)

(

10,801

)

Emera,

Inc.

(

203

)

(

10,523

)

Enbridge,

Inc.

(

2,408

)

(

130,536

)

Equinox

Gold

Corp.

(

5,091

)

(

73,523

)

Fortis,

Inc.

(

422

)

(

23,544

)

G

Mining

Ventures

Corp.

(

354

)

(

12,423

)

Gildan

Activewear,

Inc.

(

776

)

(

43,215

)

Hudbay

Minerals,

Inc.

(

1,080

)

(

22,615

)

Hydro

One

Ltd.

(c)

(

1,951

)

(

80,573

)

IGM

Financial,

Inc.

(

188

)

(

8,957

)

Keyera

Corp.

(

2,626

)

(

101,578

)

National

Bank

of

Canada

(

526

)

(

68,065

)

NexGen

Energy

Ltd.

(

6,247

)

(

72,480

)

Nutrien

Ltd.

(

72

)

(

5,435

)

Open

Text

Corp.

(

3,100

)

(

69,082

)

RB

Global,

Inc.

(

161

)

(

15,440

)

Restaurant

Brands

International,

Inc.

(

385

)

(

28,490

)

Rogers

Communications,

Inc.,

Class

B

(

1,836

)

(

70,610

)

Shopify,

Inc.,

Class

A

(

720

)

(

85,431

)

TC

Energy

Corp.

(

131

)

(

8,203

)

TMX

Group

Ltd.

(

241

)

(

8,546

)

(1,609,283)

China

-

(

0

.7

)

%

Prosus

NV

(2)

(

863

)

(

39,953

)

Yangzijiang

Shipbuilding

Holdings

Ltd.

(2)

(

30,500

)

(

90,597

)

(130,550)

Congo,

Democratic

Republic

of

the

-

(

0

.3

)

%

Ivanhoe

Mines

Ltd.,

Class

A

(

7,486

)

(

63,984

)

Denmark

-

(

2

.3

)

%

ALK-Abello

A/S

(2)

(

193

)

(

6,102

)

Carlsberg

A/S,

Class

B

(

580

)

(

72,056

)

Coloplast

A/S,

Class

B

(2)

(

107

)

(

7,289

)

Demant

A/S

(2)

(

2,472

)

(

74,910

)

DSV

A/S

(2)

(

268

)

(

64,724

)

136

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LSE

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Denmark

-

(2.3)%

(continued)

Novo

Nordisk

A/S,

Class

B

(2)

(

1,047

)

(

38,314

)

Novonesis

Novozymes,

Class

B

(2)

(

2,570

)

(

152,687

)

Tryg

A/S

(

853

)

(

20,332

)

(436,414)

Finland

-

(

0

.2

)

%

Fortum

OYJ

(2)

(

1,328

)

(

33,960

)

Kesko

OYJ,

Class

B

(2)

(

565

)

(

12,548

)

(46,508)

France

-

(

9

.2

)

%

Accor

SA

(2)

(

417

)

(

20,001

)

Air

Liquide

SA

(2)

(

455

)

(

94,048

)

Airbus

SE

(2)

(

728

)

(

137,645

)

Amundi

SA

(2)(c)

(

316

)

(

27,156

)

AXA

SA

(2)

(

233

)

(

10,707

)

BioMerieux

(2)

(

590

)

(

63,032

)

Bollore

SE

(2)

(

2,720

)

(

15,553

)

Capgemini

SE

(2)

(

274

)

(

32,332

)

Cie

de

Saint-Gobain

SA

(2)

(

1,474

)

(

122,039

)

Cie

Generale

des

Etablissements

Michelin

SCA

(2)

(

4,609

)

(

157,899

)

Danone

SA

(2)

(

653

)

(

52,179

)

Dassault

Systemes

SE

(2)

(

3,992

)

(

80,815

)

Engie

SA

(2)

(

7,375

)

(

237,677

)

EssilorLuxottica

SA

(2)

(

718

)

(

167,312

)

FDJ

UNITED

(2)

(

1,989

)

(

58,534

)

Getlink

SE

(2)

(

1,990

)

(

42,942

)

L'Oreal

SA

(2)

(

20

)

(

8,166

)

Pernod

Ricard

SA

(2)

(

1,229

)

(

91,391

)

Remy

Cointreau

SA

(2)

(

1,383

)

(

59,805

)

Sodexo

SA

(2)

(

1,657

)

(

85,057

)

SPIE

SA

(2)

(

2,844

)

(

142,415

)

Technip

Energies

NV

(2)

(

606

)

(

25,608

)

Veolia

Environnement

SA

(2)

(

155

)

(

5,903

)

(1,738,216)

Germany

-

(

7

.8

)

%

BASF

SE

(2)

(

4,092

)

(

252,028

)

Bayer

AG

(Registered)

(2)

(

389

)

(

18,002

)

Bayerische

Motoren

Werke

AG

(2)

(

546

)

(

50,509

)

Beiersdorf

AG

(2)

(

311

)

(

27,955

)

Carl

Zeiss

Meditec

AG

(2)

(

579

)

(

16,642

)

Continental

AG

(2)

(

1,516

)

(

105,828

)

CTS

Eventim

AG

&

Co.

KGaA

(2)

(

1,297

)

(

75,966

)

E.ON

SE

(2)

(

2,139

)

(

46,847

)

Hensoldt

AG

(2)

(

1,227

)

(

108,897

)

HOCHTIEF

AG

(2)

(

186

)

(

84,606

)

Merck

KGaA

(2)

(

640

)

(

81,314

)

MTU

Aero

Engines

AG

(2)

(

359

)

(

130,970

)

RENK

Group

AG

(2)

(

733

)

(

43,813

)

SAP

SE

(2)

(

260

)

(

44,325

)

Schaeffler

AG

(2)

(

10,515

)

(

87,829

)

Siemens

AG

(Registered)

(2)

(

388

)

(

94,530

)

Siemens

Healthineers

AG

(2)(c)

(

1,069

)

(

45,610

)

Symrise

AG,

Class

A

(2)

(

409

)

(

34,925

)

Zalando

SE

(2)(c)

(

5,104

)

(

124,695

)

(1,475,291)

INVESTMENTS

SHARES

VALUE

($)

Italy

-

(

5

.9

)

%

Banca

Monte

dei

Paschi

di

Siena

SpA

(2)

(

13,375

)

(

116,704

)

BPER

Banca

SpA

(2)

(

21,520

)

(

282,023

)

Brunello

Cucinelli

SpA

(2)

(

104

)

(

9,089

)

Coca-Cola

HBC

AG

(2)

(

1,100

)

(

61,962

)

DiaSorin

SpA

(2)

(

517

)

(

36,223

)

Ferrari

NV

(2)

(

289

)

(

98,059

)

Hera

SpA

(2)

(

1,648

)

(

7,602

)

Infrastrutture

Wireless

Italiane

SpA

(2)(c)

(

1,436

)

(

11,460

)

Italgas

SpA

(2)

(

14,768

)

(

172,032

)

Prysmian

SpA

(2)

(

480

)

(

56,684

)

Technoprobe

SpA

(2)

(

7,924

)

(

132,795

)

Telecom

Italia

SpA

(2)

(

121,579

)

(

85,361

)

Terna

-

Rete

Elettrica

Nazionale

(2)

(

3,266

)

(

37,355

)

Unipol

Assicurazioni

SpA

(2)

(

355

)

(

8,247

)

(1,115,596)

Japan

-

(

36

.3

)

%

ABC-Mart,

Inc.

(

700

)

(

11,139

)

Allegro

MicroSystems,

Inc.

(

232

)

(

7,315

)

Asahi

Group

Holdings

Ltd.

(2)

(

700

)

(

6,989

)

Asics

Corp.

(2)

(

2,200

)

(

59,147

)

Azbil

Corp.

(2)

(

5,300

)

(

46,309

)

Bridgestone

Corp.

(2)

(

3,100

)

(

64,599

)

Capcom

Co.

Ltd.

(2)

(

6,100

)

(

128,905

)

Chiba

Bank

Ltd.

(The)

(2)

(

10,200

)

(

132,035

)

Chugai

Pharmaceutical

Co.

Ltd.

(2)

(

3,000

)

(

165,445

)

CyberAgent,

Inc.

(2)

(

900

)

(

7,700

)

Daifuku

Co.

Ltd.

(2)

(

4,600

)

(

162,422

)

Daikin

Industries

Ltd.

(2)

(

200

)

(

23,989

)

Daiwa

Securities

Group,

Inc.

(2)

(

8,100

)

(

76,751

)

East

Japan

Railway

Co.

(2)

(

3,100

)

(

70,902

)

Ebara

Corp.

(2)

(

5,700

)

(

161,356

)

Fuji

Electric

Co.

Ltd.

(2)

(

1,100

)

(

77,057

)

FUJIFILM

Holdings

Corp.

(2)

(

3,900

)

(

74,317

)

Fujikura

Ltd.

(2)

(

1,800

)

(

49,504

)

Furukawa

Electric

Co.

Ltd.

(2)

(

200

)

(

38,396

)

Hikari

Tsushin,

Inc.

(2)

(

300

)

(

76,323

)

Hirose

Electric

Co.

Ltd.

(2)

(

800

)

(

104,731

)

Hitachi

Construction

Machinery

Co.

Ltd.

(2)

(

3,200

)

(

109,879

)

IHI

Corp.

(2)

(

11,800

)

(

243,470

)

Inpex

Corp.

(2)

(

2,700

)

(

79,865

)

Isuzu

Motors

Ltd.

(2)

(

2,200

)

(

31,682

)

ITOCHU

Corp.

(2)

(

19,100

)

(

242,961

)

Japan

Post

Insurance

Co.

Ltd.

(2)

(

8,100

)

(

81,693

)

Kawasaki

Heavy

Industries

Ltd.

(2)

(

10,500

)

(

197,475

)

Kawasaki

Kisen

Kaisha

Ltd.

(2)

(

1,600

)

(

27,025

)

KDDI

Corp.

(2)

(

3,800

)

(

64,702

)

Keisei

Electric

Railway

Co.

Ltd.

(2)

(

4,300

)

(

32,172

)

Keyence

Corp.

(2)

(

100

)

(

35,591

)

Kikkoman

Corp.

(2)

(

3,500

)

(

31,776

)

Kinden

Corp.

(2)

(

200

)

(

8,998

)

Kioxia

Holdings

Corp.

(2)

(

100

)

(

13,060

)

Kokusai

Electric

Corp.

(2)

(

1,800

)

(

60,866

)

Konami

Group

Corp.

(2)

(

500

)

(

61,614

)

Kyowa

Kirin

Co.

Ltd.

(2)

(

400

)

(

6,546

)

Lasertec

Corp.

(2)

(

500

)

(

111,287

)

M3,

Inc.

(2)

(

14,100

)

(

144,728

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LSE

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

137

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(36.3)%

(continued)

Makita

Corp.

(2)

(

2,000

)

(

65,733

)

Marubeni

Corp.

(2)

(

3,700

)

(

135,353

)

MEIJI

Holdings

Co.

Ltd.

(2)

(

1,900

)

(

46,337

)

Mitsubishi

Corp.

(2)

(

2,300

)

(

78,904

)

Mitsubishi

Heavy

Industries

Ltd.

(2)

(

1,700

)

(

46,710

)

Mitsui

Kinzoku

Co.

Ltd.

(2)

(

400

)

(

75,874

)

MonotaRO

Co.

Ltd.

(2)

(

3,500

)

(

37,938

)

NIDEC

Corp.

(2)

(

900

)

(

11,428

)

Nintendo

Co.

Ltd.

(2)

(

1,200

)

(

68,503

)

Nippon

Paint

Holdings

Co.

Ltd.

(2)

(

13,500

)

(

84,652

)

Nippon

Sanso

Holdings

Corp.

(2)

(

5,000

)

(

177,292

)

Nissan

Motor

Co.

Ltd.

(2)

(

5,400

)

(

11,704

)

Nissin

Foods

Holdings

Co.

Ltd.

(2)

(

2,100

)

(

39,857

)

Nitori

Holdings

Co.

Ltd.

(2)

(

4,100

)

(

65,139

)

Nitto

Denko

Corp.

(2)

(

5,400

)

(

108,023

)

Nomura

Research

Institute

Ltd.

(2)

(

3,300

)

(

90,313

)

NTT,

Inc.

(2)

(

46,500

)

(

46,522

)

Olympus

Corp.

(2)

(

15,400

)

(

146,721

)

Oriental

Land

Co.

Ltd.

(2)

(

8,500

)

(

144,668

)

Otsuka

Holdings

Co.

Ltd.

(2)

(

1,100

)

(

78,068

)

Rakuten

Bank

Ltd.

(2)

(

2,100

)

(

76,775

)

Resonac

Holdings

Corp.

(2)

(

1,200

)

(

78,101

)

Rohm

Co.

Ltd.

(2)

(

710

)

(

14,146

)

Ryohin

Keikaku

Co.

Ltd.

(2)

(

5,400

)

(

115,234

)

Sanrio

Co.

Ltd.

(2)

(

13,500

)

(

83,933

)

SCREEN

Holdings

Co.

Ltd.

(2)

(

2,400

)

(

142,984

)

Secom

Co.

Ltd.

(2)

(

200

)

(

7,618

)

Seibu

Holdings,

Inc.

(2)

(

2,200

)

(

61,465

)

Sekisui

Chemical

Co.

Ltd.

(2)

(

400

)

(

6,715

)

Sekisui

House

Ltd.

(2)

(

6,100

)

(

136,683

)

SG

Holdings

Co.

Ltd.

(

3,800

)

(

35,401

)

Shimamura

Co.

Ltd.

(2)

(

300

)

(

6,281

)

Shimano,

Inc.

(2)

(

200

)

(

20,881

)

SoftBank

Group

Corp.

(2)

(

2,000

)

(

48,700

)

Sompo

Holdings,

Inc.

(2)

(

2,500

)

(

97,321

)

Sumitomo

Forestry

Co.

Ltd.

(2)

(

3,000

)

(

27,296

)

Suntory

Beverage

&

Food

Ltd.

(2)

(

2,100

)

(

59,304

)

Suzuki

Motor

Corp.

(2)

(

11,100

)

(

135,295

)

Sysmex

Corp.

(2)

(

1,400

)

(

12,209

)

T&D

Holdings,

Inc.

(2)

(

1,000

)

(

25,615

)

Taisei

Corp.

(2)

(

100

)

(

10,360

)

Takeda

Pharmaceutical

Co.

Ltd.

(2)

(

600

)

(

22,097

)

TDK

Corp.

(2)

(

1,200

)

(

15,588

)

Terumo

Corp.

(2)

(

1,300

)

(

17,465

)

TIS,

Inc.

(2)

(

1,100

)

(

23,520

)

Toho

Co.

Ltd.

(

6,500

)

(

68,274

)

Toray

Industries,

Inc.

(2)

(

800

)

(

5,698

)

Toyo

Suisan

Kaisha

Ltd.

(2)

(

1,400

)

(

98,456

)

Toyota

Industries

Corp.

(2)

(

1,684

)

(

217,775

)

Toyota

Tsusho

Corp.

(2)

(

2,100

)

(

81,389

)

Trend

Micro,

Inc.

(2)

(

1,500

)

(

50,005

)

Unicharm

Corp.

(

3,600

)

(

21,107

)

Yakult

Honsha

Co.

Ltd.

(2)

(

2,500

)

(

41,833

)

Yamaha

Motor

Co.

Ltd.

(2)

(

26,000

)

(

187,834

)

Yamazaki

Baking

Co.

Ltd.

(2)

(

300

)

(

6,706

)

Zensho

Holdings

Co.

Ltd.

(2)

(

500

)

(

29,191

)

ZOZO,

Inc.

(2)

(

5,400

)

(

37,816

)

(6,817,531)

INVESTMENTS

SHARES

VALUE

($)

Kazakhstan

-

(

0

.1

)

%

Freedom

Holding

Corp.

(

166

)

(

24,050

)

Luxembourg

-

(

1

.7

)

%

ArcelorMittal

SA

(2)

(

3,957

)

(

205,216

)

CVC

Capital

Partners

plc

(2)(c)

(

9,264

)

(

120,944

)

(326,160)

Netherlands

-

(

1

.1

)

%

Adyen

NV

(2)(c)

(

130

)

(

130,111

)

Arcadis

NV

(2)

(

825

)

(

26,393

)

Koninklijke

Vopak

NV

(2)

(

99

)

(

5,358

)

NXP

Semiconductors

NV

(

29

)

(

5,709

)

Universal

Music

Group

NV

(2)

(

1,825

)

(

35,425

)

(202,996)

Norway

-

(

0

.6

)

%

Aker

BP

ASA

(2)

(

1,289

)

(

47,653

)

DNB

Bank

ASA

(2)

(

178

)

(

5,569

)

Orkla

ASA

(2)

(

4,007

)

(

50,427

)

TOMRA

Systems

ASA

(2)

(

1,251

)

(

15,082

)

(118,731)

Portugal

-

(

0

.1

)

%

Galp

Energia

SGPS

SA

(2)

(

245

)

(

5,875

)

Jeronimo

Martins

SGPS

SA

(2)

(

832

)

(

19,894

)

(25,769)

Singapore

-

(

0

.2

)

%

DBS

Group

Holdings

Ltd.

(2)

(

200

)

(

8,900

)

Keppel

Ltd.

(2)

(

2,900

)

(

26,716

)

Singapore

Airlines

Ltd.

(2)

(

1,800

)

(

9,282

)

(44,898)

South

Korea

-

(

0

.1

)

%

Delivery

Hero

SE

(2)(c)

(

552

)

(

10,257

)

Spain

-

(

3

.0

)

%

Acciona

SA

(2)

(

353

)

(

92,826

)

Amadeus

IT

Group

SA

(2)

(

591

)

(

33,794

)

CaixaBank

SA

(2)

(

2,405

)

(

28,830

)

Cellnex

Telecom

SA

(2)(c)

(

1,146

)

(

36,849

)

Endesa

SA

(

2,356

)

(

98,252

)

Indra

Sistemas

SA

(2)

(

3,799

)

(

212,329

)

Redeia

Corp.

SA

(2)

(

1,627

)

(

27,578

)

Telefonica

SA

(2)

(

7,834

)

(

34,278

)

(564,736)

Sweden

-

(

4

.2

)

%

AAK

AB

(2)

(

2,350

)

(

60,519

)

AddTech

AB,

Class

B

(2)

(

361

)

(

12,388

)

Assa

Abloy

AB,

Class

B

(2)

(

1,367

)

(

49,414

)

Atlas

Copco

AB,

Class

A

(2)

(

17,716

)

(

312,631

)

Elekta

AB,

Class

B

(2)

(

2,810

)

(

16,621

)

EQT

AB

(2)

(

1,856

)

(

57,587

)

Getinge

AB,

Class

B

(2)

(

1,330

)

(

26,849

)

Hexagon

AB,

Class

B

(2)

(

5,622

)

(

54,714

)

Lifco

AB,

Class

B

(2)

(

1,537

)

(

46,498

)

Nordnet

AB

publ

(2)

(

755

)

(

24,586

)

Saab

AB,

Class

B

(2)

(

299

)

(

19,569

)

SSAB

AB,

Class

B

(2)

(

4,680

)

(

36,893

)

138

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LSE

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Sweden

-

(4.2)%

(continued)

Svenska

Cellulosa

AB

SCA,

Class

B

(2)

(

5,984

)

(

69,381

)

(787,650)

Switzerland

-

(

7

.0

)

%

Bachem

Holding

AG,

Class

B

(2)

(

338

)

(

27,890

)

Banque

Cantonale

Vaudoise

(Registered)

(2)

(

168

)

(

27,324

)

Barry

Callebaut

AG

(Registered)

(2)

(

13

)

(

22,862

)

Belimo

Holding

AG

(Registered)

(2)

(

234

)

(

190,043

)

Chocoladefabriken

Lindt

&

Spruengli

AG

(2)

(

1

)

(

14,042

)

Cie

Financiere

Richemont

SA

(Registered)

(2)

(

824

)

(

145,491

)

Geberit

AG

(Registered)

(2)

(

11

)

(

7,425

)

Georg

Fischer

AG

(Registered)

(2)

(

538

)

(

27,755

)

Logitech

International

SA

(Registered)

(2)

(

186

)

(

17,273

)

Lonza

Group

AG

(Registered)

(2)

(

210

)

(

134,719

)

Partners

Group

Holding

AG

(2)

(

323

)

(

348,144

)

Sandoz

Group

AG

(2)

(

864

)

(

67,695

)

Schindler

Holding

AG

(2)

(

108

)

(

35,574

)

Sika

AG

(Registered)

(2)

(

46

)

(

7,614

)

Straumann

Holding

AG

(Registered)

(2)

(

341

)

(

35,676

)

Sulzer

AG

(Registered)

(2)

(

115

)

(

24,109

)

Swiss

Life

Holding

AG

(Registered)

(2)

(

28

)

(

30,498

)

Swisscom

AG

(Registered)

(2)

(

51

)

(

42,797

)

Tecan

Group

AG

(Registered)

(2)

(

95

)

(

16,170

)

Temenos

AG

(Registered)

(2)

(

64

)

(

5,609

)

UBS

Group

AG

(Registered)

(2)

(

1,867

)

(

72,801

)

VAT

Group

AG

(2)(c)

(

18

)

(

11,229

)

Ypsomed

Holding

AG

(Registered)

(2)

(

46

)

(

16,126

)

(1,328,866)

Thailand

-

(

0

.3

)

%

Fabrinet

(

97

)

(

50,587

)

United

Kingdom

-

(

11

.5

)

%

Associated

British

Foods

plc

(2)

(

6,272

)

(

157,003

)

AstraZeneca

plc

(2)

(

139

)

(

27,180

)

Autotrader

Group

plc

(2)(c)

(

3,606

)

(

22,570

)

Aviva

plc

(2)

(

654

)

(

5,249

)

B&M

European

Value

Retail

plc

(2)

(

43,526

)

(

97,740

)

Babcock

International

Group

plc

(2)

(

6,028

)

(

93,582

)

BAE

Systems

plc

(2)

(

1,724

)

(

50,545

)

BT

Group

plc

(2)

(

63,335

)

(

177,501

)

Bunzl

plc

(2)

(

2,627

)

(

79,087

)

Convatec

Group

plc

(2)(c)

(

5,844

)

(

16,857

)

DCC

plc

(2)

(

176

)

(

10,901

)

Diageo

plc

(2)

(

677

)

(

12,590

)

Games

Workshop

Group

plc

(2)

(

124

)

(

29,313

)

HSBC

Holdings

plc

(2)

(

6,692

)

(

109,900

)

IMI

plc

(2)

(

1,219

)

(

41,469

)

Informa

plc

(2)

(

797

)

(

8,005

)

J

Sainsbury

plc

(

15,877

)

(

71,240

)

Legal

&

General

Group

plc

(2)

(

8,825

)

(

29,002

)

M&G

plc

(2)

(

10,635

)

(

38,631

)

Man

Group

plc

(2)

(

7,136

)

(

24,023

)

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

(11.5)%

(continued)

Marks

&

Spencer

Group

plc

(2)

(

15,727

)

(

70,862

)

National

Grid

plc

(2)

(

9,747

)

(

164,530

)

Pearson

plc

(2)

(

677

)

(

8,925

)

Rightmove

plc

(2)

(

1,627

)

(

9,309

)

Rotork

plc

(2)

(

4,653

)

(

19,348

)

Severn

Trent

plc

(2)

(

1,169

)

(

47,945

)

Smith

&

Nephew

plc

(2)

(

6,844

)

(

108,436

)

Smiths

Group

plc

(2)

(

1,614

)

(

49,253

)

SSE

plc

(2)

(

10,038

)

(

347,000

)

Standard

Chartered

plc

(2)

(

4,665

)

(

97,218

)

Tate

&

Lyle

plc

(

7,851

)

(

37,618

)

Weir

Group

plc

(The)

(2)

(

999

)

(

37,465

)

Whitbread

plc

(2)

(

522

)

(

16,049

)

Wise

plc,

Class

A

(2)

(

3,208

)

(

38,631

)

(2,154,977)

United

States

-

(

150

.2

)

%

A

O

Smith

Corp.

(

3,172

)

(

209,162

)

Abbott

Laboratories

(

832

)

(

85,421

)

AbbVie,

Inc.

(

1,302

)

(

283,172

)

Acadia

Healthcare

Co.,

Inc.

(

2,985

)

(

69,819

)

Advanced

Micro

Devices,

Inc.

(

186

)

(

37,838

)

AECOM

(

168

)

(

14,250

)

AeroVironment,

Inc.

(

225

)

(

41,186

)

Aflac,

Inc.

(

52

)

(

5,705

)

Air

Products

and

Chemicals,

Inc.

(

473

)

(

137,402

)

Alaska

Air

Group,

Inc.

(

1,748

)

(

64,291

)

Albertsons

Cos.,

Inc.,

Class

A

(

3,830

)

(

65,263

)

Alcon

AG

(2)

(

105

)

(

7,937

)

Align

Technology,

Inc.

(

32

)

(

5,486

)

Allegion

plc

(

68

)

(

9,880

)

Alliant

Energy

Corp.

(

2,340

)

(

167,918

)

Alphabet,

Inc.,

Class

A

(

322

)

(

92,594

)

Amcor

plc

(

3,047

)

(

121,118

)

Amentum

Holdings,

Inc.

(

992

)

(

25,871

)

American

Healthcare

REIT,

Inc.,

REIT

(

5,308

)

(

250,325

)

American

Homes

4

Rent,

Class

A,

REIT

(

656

)

(

18,316

)

Americold

Realty

Trust,

Inc.,

REIT

(

7,018

)

(

80,426

)

Amgen,

Inc.

(

471

)

(

165,721

)

Amkor

Technology,

Inc.

(

275

)

(

12,383

)

Apellis

Pharmaceuticals,

Inc.

(

4,468

)

(

179,748

)

API

Group

Corp.

(

1,125

)

(

45,585

)

Apollo

Global

Management,

Inc.

(

986

)

(

109,860

)

Appfolio,

Inc.,

Class

A

(

151

)

(

23,831

)

Apple,

Inc.

(

935

)

(

237,294

)

AppLovin

Corp.,

Class

A

(

214

)

(

85,172

)

Aptiv

plc

(

195

)

(

13,541

)

Archer-Daniels-Midland

Co.

(

562

)

(

40,852

)

Arrowhead

Pharmaceuticals,

Inc.

(

1,500

)

(

94,050

)

Arthur

J

Gallagher

&

Co.

(

1,334

)

(

288,918

)

Associated

Banc-Corp.

(

5,645

)

(

145,980

)

Assurant,

Inc.

(

422

)

(

91,916

)

AST

SpaceMobile,

Inc.

(

1,238

)

(

102,593

)

Astera

Labs,

Inc.

(

1,242

)

(

136,123

)

AT&T,

Inc.

(

3,849

)

(

111,583

)

Aurora

Innovation,

Inc.

(

14,132

)

(

58,224

)

Automatic

Data

Processing,

Inc.

(

307

)

(

62,376

)

AvalonBay

Communities,

Inc.,

REIT

(

581

)

(

94,906

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LSE

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

139

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(150.2)%

(continued)

Avantor,

Inc.

(

735

)

(

5,762

)

Avient

Corp.

(

1,031

)

(

37,425

)

Avis

Budget

Group,

Inc.

(

1,987

)

(

289,803

)

Axon

Enterprise,

Inc.

(

184

)

(

78,143

)

Bank

OZK

(

1,589

)

(

72,919

)

Baxter

International,

Inc.

(

1,725

)

(

28,980

)

Belden,

Inc.

(

311

)

(

35,712

)

Bentley

Systems,

Inc.,

Class

B

(

5,923

)

(

208,016

)

BILL

Holdings,

Inc.

(

954

)

(

36,538

)

Bio-Rad

Laboratories,

Inc.,

Class

A

(

341

)

(

95,054

)

Bio-Techne

Corp.

(

1,272

)

(

66,475

)

BJ's

Wholesale

Club

Holdings,

Inc.

(

420

)

(

41,336

)

Black

Hills

Corp.

(

1,156

)

(

80,238

)

Blackbaud,

Inc.

(

300

)

(

11,583

)

Block,

Inc.,

Class

A

(

968

)

(

58,254

)

Bloom

Energy

Corp.,

Class

A

(

325

)

(

44,034

)

BOK

Financial

Corp.

(

733

)

(

93,868

)

Booz

Allen

Hamilton

Holding

Corp.,

Class

A

(

680

)

(

53,060

)

BorgWarner,

Inc.

(

310

)

(

16,821

)

Brixmor

Property

Group,

Inc.,

REIT

(

1,561

)

(

44,957

)

Brown

&

Brown,

Inc.

(

3,038

)

(

198,108

)

Brown-Forman

Corp.,

Class

B

(

1,906

)

(

50,395

)

Bruker

Corp.

(

610

)

(

22,033

)

Builders

FirstSource,

Inc.

(

494

)

(

40,671

)

Bunge

Global

SA

(

64

)

(

8,141

)

Buzzi

SpA

(2)

(

219

)

(

11,072

)

BXP,

Inc.,

REIT

(

1,549

)

(

80,393

)

Cabot

Corp.

(

945

)

(

71,168

)

Cadence

Design

Systems,

Inc.

(

355

)

(

98,644

)

Caesars

Entertainment,

Inc.

(

202

)

(

5,339

)

Campbell's

Co.

(The)

(

3,781

)

(

84,203

)

Carlisle

Cos.,

Inc.

(

30

)

(

10,009

)

Carvana

Co.,

Class

A

(

370

)

(

116,321

)

Caterpillar,

Inc.

(

168

)

(

119,021

)

Cava

Group,

Inc.

(

1,342

)

(

108,568

)

Celanese

Corp.,

Class

A

(

122

)

(

8,024

)

Celsius

Holdings,

Inc.

(

576

)

(

20,436

)

Cencora,

Inc.

(

657

)

(

206,390

)

CenterPoint

Energy,

Inc.

(

1,474

)

(

63,618

)

Certara,

Inc.

(

4,991

)

(

28,449

)

CF

Industries

Holdings,

Inc.

(

733

)

(

95,173

)

CH

Robinson

Worldwide,

Inc.

(

144

)

(

23,914

)

Charles

River

Laboratories

International,

Inc.

(

553

)

(

95,393

)

Charles

Schwab

Corp.

(The)

(

1,037

)

(

97,457

)

Choice

Hotels

International,

Inc.

(

2,148

)

(

222,318

)

Churchill

Downs,

Inc.

(

773

)

(

69,439

)

Cintas

Corp.

(

47

)

(

7,950

)

Cisco

Systems,

Inc.

(

1,634

)

(

126,782

)

Clarivate

plc

(

18,716

)

(

47,351

)

Clearway

Energy,

Inc.,

Class

C

(

266

)

(

10,451

)

Cleveland-Cliffs,

Inc.

(

6,424

)

(

54,283

)

CNH

Industrial

NV

(

550

)

(

6,050

)

CNX

Resources

Corp.

(

996

)

(

38,396

)

Coca-Cola

Co.

(The)

(

1,185

)

(

90,119

)

Cognex

Corp.

(

601

)

(

29,443

)

Cognizant

Technology

Solutions

Corp.,

Class

A

(

465

)

(

28,528

)

Coherent

Corp.

(

21

)

(

5,002

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(150.2)%

(continued)

Coinbase

Global,

Inc.,

Class

A

(

1,014

)

(

177,055

)

Colgate-Palmolive

Co.

(

568

)

(

48,411

)

Comcast

Corp.,

Class

A

(

1,597

)

(

45,850

)

Conagra

Brands,

Inc.

(

3,786

)

(

59,516

)

Constellation

Brands,

Inc.,

Class

A

(

480

)

(

72,000

)

Corcept

Therapeutics,

Inc.

(

855

)

(

34,465

)

Corebridge

Financial,

Inc.

(

237

)

(

5,655

)

Corning,

Inc.

(

192

)

(

26,106

)

Coty,

Inc.,

Class

A

(

2,945

)

(

5,919

)

Cousins

Properties,

Inc.,

REIT

(

1,646

)

(

37,150

)

Crane

NXT

Co.

(

1,471

)

(

59,708

)

Credit

Acceptance

Corp.

(

53

)

(

22,443

)

Crocs,

Inc.

(

226

)

(

18,763

)

Crown

Castle,

Inc.,

REIT

(

1,106

)

(

89,929

)

CSX

Corp.

(

3,909

)

(

160,464

)

CubeSmart,

REIT

(

3,315

)

(

121,495

)

Cytokinetics,

Inc.

(

1,708

)

(

112,574

)

Deere

&

Co.

(

135

)

(

76,046

)

Devon

Energy

Corp.

(

1,753

)

(

88,211

)

Diamondback

Energy,

Inc.

(

29

)

(

5,736

)

Dick's

Sporting

Goods,

Inc.

(

509

)

(

100,930

)

Digital

Realty

Trust,

Inc.,

REIT

(

84

)

(

15,138

)

Dillard's,

Inc.,

Class

A

(

35

)

(

20,024

)

Dominion

Energy,

Inc.

(

2,047

)

(

126,546

)

Donaldson

Co.,

Inc.

(

74

)

(

6,280

)

DoorDash,

Inc.,

Class

A

(

429

)

(

64,414

)

Doximity,

Inc.,

Class

A

(

503

)

(

11,720

)

Dropbox,

Inc.,

Class

A

(

2,232

)

(

50,711

)

DT

Midstream,

Inc.

(

236

)

(

31,782

)

Duke

Energy

Corp.

(

1,317

)

(

172,448

)

Dutch

Bros,

Inc.,

Class

A

(

2,668

)

(

135,161

)

Dycom

Industries,

Inc.

(

371

)

(

125,702

)

EastGroup

Properties,

Inc.,

REIT

(

697

)

(

129,008

)

Eastman

Chemical

Co.

(

291

)

(

22,209

)

eBay,

Inc.

(

1,466

)

(

133,435

)

EchoStar

Corp.,

Class

A

(

779

)

(

91,198

)

Elanco

Animal

Health,

Inc.

(

2,386

)

(

57,097

)

Element

Solutions,

Inc.

(

1,468

)

(

50,118

)

Eli

Lilly

&

Co.

(

43

)

(

39,550

)

Emerson

Electric

Co.

(

52

)

(

6,813

)

Enphase

Energy,

Inc.

(

1,300

)

(

49,153

)

Entegris,

Inc.

(

268

)

(

31,420

)

Entergy

Corp.

(

1,142

)

(

128,315

)

Equitable

Holdings,

Inc.

(

911

)

(

33,807

)

Equity

LifeStyle

Properties,

Inc.,

REIT

(

2,245

)

(

140,133

)

Equity

Residential,

REIT

(

915

)

(

54,122

)

Erie

Indemnity

Co.,

Class

A

(

136

)

(

34,178

)

Essex

Property

Trust,

Inc.,

REIT

(

60

)

(

14,520

)

Etsy,

Inc.

(

847

)

(

42,333

)

Euronet

Worldwide,

Inc.

(

113

)

(

7,500

)

Evergy,

Inc.

(

2,130

)

(

174,490

)

Exelon

Corp.

(

2,999

)

(

147,011

)

Expeditors

International

of

Washington,

Inc.

(

516

)

(

73,907

)

F5,

Inc.

(

310

)

(

89,692

)

FactSet

Research

Systems,

Inc.

(

32

)

(

6,944

)

Fair

Isaac

Corp.

(

6

)

(

6,405

)

Fastenal

Co.

(

2,610

)

(

121,104

)

Ferrovial

SE

(2)

(

1,123

)

(

73,058

)

140

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LSE

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(150.2)%

(continued)

Fifth

Third

Bancorp

(

3,695

)

(

171,670

)

First

American

Financial

Corp.

(

118

)

(

7,114

)

First

Citizens

BancShares,

Inc.,

Class

A

(

25

)

(

47,117

)

First

Industrial

Realty

Trust,

Inc.,

REIT

(

510

)

(

29,504

)

FirstEnergy

Corp.

(

908

)

(

45,999

)

Flagstar

Bank

NA

(

1,099

)

(

14,474

)

Flex

Ltd.

(

819

)

(

53,612

)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(

3,965

)

(

201,422

)

Flowers

Foods,

Inc.

(

764

)

(

6,227

)

Flowserve

Corp.

(

285

)

(

20,950

)

Flutter

Entertainment

plc

(

733

)

(

74,729

)

Fortive

Corp.

(

2,807

)

(

155,171

)

Fortune

Brands

Innovations,

Inc.

(

1,303

)

(

50,778

)

Franklin

Resources,

Inc.

(

2,204

)

(

52,058

)

GATX

Corp.

(

259

)

(

44,222

)

GCI

Liberty,

Inc.,

Class

C

(

621

)

(

23,107

)

GE

HealthCare

Technologies,

Inc.

(

1,459

)

(

103,852

)

Gen

Digital,

Inc.

(

3,607

)

(

67,920

)

Generac

Holdings,

Inc.

(

123

)

(

24,026

)

Gentex

Corp.

(

372

)

(

8,128

)

Gilead

Sciences,

Inc.

(

416

)

(

57,978

)

Goldman

Sachs

Group,

Inc.

(The)

(

56

)

(

47,375

)

Graco,

Inc.

(

160

)

(

13,544

)

Haleon

plc

(2)

(

10,170

)

(

50,331

)

Hamilton

Lane,

Inc.,

Class

A

(

249

)

(

24,751

)

Hancock

Whitney

Corp.

(

2,297

)

(

146,066

)

Harley-Davidson,

Inc.

(

5,622

)

(

113,677

)

Hayward

Holdings,

Inc.

(

545

)

(

7,292

)

Healthcare

Realty

Trust,

Inc.,

REIT

(

666

)

(

11,315

)

Healthpeak

Properties,

Inc.,

REIT

(

2,362

)

(

38,808

)

Hecla

Mining

Co.

(

1,802

)

(

33,571

)

HEICO

Corp.

(

272

)

(

74,582

)

Henry

Schein,

Inc.

(

416

)

(

30,659

)

Hershey

Co.

(The)

(

83

)

(

17,255

)

Hexcel

Corp.

(

839

)

(

67,900

)

HF

Sinclair

Corp.

(

90

)

(

5,615

)

Highwoods

Properties,

Inc.,

REIT

(

1,137

)

(

24,343

)

Hims

&

Hers

Health,

Inc.

(

5,229

)

(

108,554

)

Home

BancShares,

Inc.

(

1,390

)

(

37,433

)

Home

Depot,

Inc.

(The)

(

1,133

)

(

372,631

)

Hormel

Foods

Corp.

(

4,553

)

(

103,125

)

Houlihan

Lokey,

Inc.,

Class

A

(

49

)

(

7,037

)

Howard

Hughes

Holdings,

Inc.

(

415

)

(

26,253

)

Howmet

Aerospace,

Inc.

(

164

)

(

37,795

)

Hubbell,

Inc.,

Class

B

(

221

)

(

108,454

)

Hyatt

Hotels

Corp.,

Class

A

(

1,829

)

(

262,992

)

IAC,

Inc.

(

1,228

)

(

49,157

)

IDACORP,

Inc.

(

543

)

(

77,633

)

IDEXX

Laboratories,

Inc.

(

207

)

(

116,311

)

Independence

Realty

Trust,

Inc.,

REIT

(

2,171

)

(

32,326

)

Ingersoll

Rand,

Inc.

(

1,922

)

(

153,991

)

Insmed,

Inc.

(

304

)

(

49,710

)

Intel

Corp.

(

409

)

(

18,049

)

Intercontinental

Exchange,

Inc.

(

52

)

(

8,179

)

International

Paper

Co.

(

264

)

(

9,425

)

Intuitive

Surgical,

Inc.

(

108

)

(

49,787

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(150.2)%

(continued)

Ionis

Pharmaceuticals,

Inc.

(

957

)

(

71,861

)

IonQ,

Inc.

(

2,908

)

(

83,838

)

Iridium

Communications,

Inc.

(

942

)

(

26,131

)

Jabil,

Inc.

(

60

)

(

15,938

)

Jack

Henry

&

Associates,

Inc.

(

408

)

(

64,480

)

James

Hardie

Industries

plc,

ADR

(

3,528

)

(

66,820

)

Johnson

&

Johnson

(

697

)

(

170,375

)

JPMorgan

Chase

&

Co.

(

540

)

(

158,846

)

Kemper

Corp.

(

190

)

(

5,806

)

Keurig

Dr

Pepper,

Inc.

(

2,154

)

(

56,715

)

Kilroy

Realty

Corp.,

REIT

(

1,424

)

(

40,171

)

Kimberly-Clark

Corp.

(

658

)

(

63,477

)

Kinsale

Capital

Group,

Inc.

(

18

)

(

6,150

)

Kite

Realty

Group

Trust,

REIT

(

5,635

)

(

138,339

)

Kraft

Heinz

Co.

(The)

(

5,069

)

(

114,002

)

Kratos

Defense

&

Security

Solutions,

Inc.

(

980

)

(

69,100

)

Kroger

Co.

(The)

(

918

)

(

66,426

)

L3Harris

Technologies,

Inc.

(

94

)

(

32,444

)

Labcorp

Holdings,

Inc.

(

375

)

(

100,054

)

Lam

Research

Corp.

(

151

)

(

32,263

)

Lantheus

Holdings,

Inc.

(

1,603

)

(

121,588

)

Lattice

Semiconductor

Corp.

(

231

)

(

21,428

)

Leidos

Holdings,

Inc.

(

91

)

(

14,152

)

Lennox

International,

Inc.

(

341

)

(

158,268

)

Liberty

Media

Corp-Liberty

Formula

One,

Class

A

(

513

)

(

40,055

)

Lincoln

National

Corp.

(

1,697

)

(

60,244

)

Lithia

Motors,

Inc.,

Class

A

(

95

)

(

23,723

)

Littelfuse,

Inc.

(

60

)

(

20,361

)

Live

Nation

Entertainment,

Inc.

(

445

)

(

67,867

)

LKQ

Corp.

(

584

)

(

17,152

)

Loar

Holdings,

Inc.

(

1,205

)

(

69,034

)

Loews

Corp.

(

433

)

(

46,218

)

LPL

Financial

Holdings,

Inc.

(

631

)

(

189,824

)

M&T

Bank

Corp.

(

840

)

(

173,645

)

MACOM

Technology

Solutions

Holdings,

Inc.

(

200

)

(

44,414

)

Maplebear,

Inc.

(

635

)

(

23,787

)

Marathon

Petroleum

Corp.

(

66

)

(

16,116

)

Markel

Group,

Inc.

(

23

)

(

44,024

)

Marriott

International,

Inc.,

Class

A

(

119

)

(

38,921

)

Martin

Marietta

Materials,

Inc.

(

159

)

(

93,600

)

Marvell

Technology,

Inc.

(

942

)

(

93,305

)

Mastercard,

Inc.,

Class

A

(

127

)

(

63,457

)

Maximus,

Inc.

(

143

)

(

9,166

)

McCormick

&

Co.,

Inc.

(Non-Voting)

(

119

)

(

6,002

)

McDonald's

Corp.

(

233

)

(

72,414

)

MDU

Resources

Group,

Inc.

(

7,149

)

(

148,127

)

Meta

Platforms,

Inc.,

Class

A

(

178

)

(

101,839

)

Middleby

Corp.

(The)

(

40

)

(

5,303

)

Millrose

Properties,

Inc.,

Class

A,

REIT

(

1,092

)

(

30,576

)

Mondelez

International,

Inc.,

Class

A

(

3,034

)

(

174,880

)

Monolithic

Power

Systems,

Inc.

(

63

)

(

68,881

)

Moody's

Corp.

(

93

)

(

40,571

)

Motorola

Solutions,

Inc.

(

91

)

(

39,491

)

MP

Materials

Corp.

(

1,013

)

(

48,887

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LSE

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

141

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(150.2)%

(continued)

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

(

349

)

(

32,202

)

Murphy

USA,

Inc.

(

53

)

(

26,180

)

NetApp,

Inc.

(

594

)

(

60,820

)

Netflix,

Inc.

(

990

)

(

95,189

)

NewMarket

Corp.

(

38

)

(

24,356

)

Nexstar

Media

Group,

Inc.,

Class

A

(

284

)

(

51,356

)

NextEra

Energy,

Inc.

(

69

)

(

6,409

)

Nextpower,

Inc.,

Class

A

(

627

)

(

75,585

)

NIKE,

Inc.,

Class

B

(

796

)

(

42,045

)

NiSource,

Inc.

(

721

)

(

33,642

)

NNN

REIT,

Inc.,

REIT

(

365

)

(

15,341

)

Northrop

Grumman

Corp.

(

68

)

(

46,392

)

Norwegian

Cruise

Line

Holdings

Ltd.

(

3,193

)

(

59,709

)

NOV,

Inc.

(

299

)

(

5,624

)

Novanta,

Inc.

(

54

)

(

6,378

)

NRG

Energy,

Inc.

(

352

)

(

51,441

)

Oklo,

Inc.

(

2,433

)

(

120,652

)

Okta,

Inc.,

Class

A

(

349

)

(

27,470

)

Olin

Corp.

(

2,692

)

(

80,033

)

Omega

Healthcare

Investors,

Inc.,

REIT

(

1,213

)

(

53,154

)

ONEOK,

Inc.

(

1,627

)

(

147,065

)

Option

Care

Health,

Inc.

(

6,028

)

(

162,274

)

Organon

&

Co.

(

3,193

)

(

19,126

)

Ormat

Technologies,

Inc.

(

1,284

)

(

143,705

)

Packaging

Corp.

of

America

(

129

)

(

27,376

)

Palo

Alto

Networks,

Inc.

(

637

)

(

102,124

)

Parsons

Corp.

(

812

)

(

43,986

)

Paychex,

Inc.

(

966

)

(

88,988

)

Paycom

Software,

Inc.

(

204

)

(

24,794

)

Penn

Entertainment,

Inc.

(

393

)

(

5,907

)

Pentair

plc

(

63

)

(

5,488

)

Performance

Food

Group

Co.

(

744

)

(

63,731

)

Perrigo

Co.

plc

(

5,621

)

(

60,370

)

Post

Holdings,

Inc.

(

392

)

(

38,753

)

PPG

Industries,

Inc.

(

1,031

)

(

110,193

)

PPL

Corp.

(

2,759

)

(

105,394

)

PTC,

Inc.

(

672

)

(

95,753

)

Public

Service

Enterprise

Group,

Inc.

(

1,105

)

(

89,450

)

Public

Storage,

REIT

(

166

)

(

44,966

)

PulteGroup,

Inc.

(

543

)

(

63,862

)

PVH

Corp.

(

795

)

(

55,459

)

QIAGEN

NV

(2)

(

1,459

)

(

59,104

)

Qualys,

Inc.

(

542

)

(

47,615

)

Quanta

Services,

Inc.

(

71

)

(

38,980

)

QuantumScape

Corp.

(

12,078

)

(

77,058

)

Quest

Diagnostics,

Inc.

(

535

)

(

104,849

)

QXO,

Inc.

(

6,775

)

(

131,571

)

Ralliant

Corp.

(

807

)

(

33,563

)

Range

Resources

Corp.

(

230

)

(

10,391

)

Rayonier,

Inc.,

REIT

(

2,297

)

(

47,364

)

Reddit,

Inc.,

Class

A

(

218

)

(

29,354

)

Regal

Rexnord

Corp.

(

381

)

(

71,346

)

Regency

Centers

Corp.,

REIT

(

307

)

(

23,228

)

Regions

Financial

Corp.

(

220

)

(

5,746

)

Reliance,

Inc.

(

21

)

(

6,382

)

Repligen

Corp.

(

699

)

(

82,356

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(150.2)%

(continued)

ResMed,

Inc.

(

130

)

(

29,182

)

Revolution

Medicines,

Inc.

(

111

)

(

10,795

)

Revvity,

Inc.

(

315

)

(

27,597

)

Rexford

Industrial

Realty,

Inc.,

REIT

(

1,081

)

(

35,381

)

RH

(

681

)

(

95,217

)

RingCentral,

Inc.,

Class

A

(

902

)

(

33,545

)

Rivian

Automotive,

Inc.,

Class

A

(

3,876

)

(

58,334

)

RLI

Corp.

(

693

)

(

39,529

)

Robinhood

Markets,

Inc.,

Class

A

(

1,544

)

(

106,999

)

Rocket

Cos.,

Inc.,

Class

A

(

385

)

(

5,486

)

Rocket

Lab

Corp.

(

779

)

(

50,027

)

Rockwell

Automation,

Inc.

(

162

)

(

58,139

)

Rollins,

Inc.

(

1,594

)

(

85,136

)

Ryan

Specialty

Holdings,

Inc.,

Class

A

(

2,112

)

(

71,259

)

Sabra

Health

Care

REIT,

Inc.,

REIT

(

7,273

)

(

139,860

)

Samsara,

Inc.,

Class

A

(

2,719

)

(

86,165

)

Schneider

Electric

SE

(2)

(

122

)

(

33,231

)

Scotts

Miracle-Gro

Co.

(The)

(

831

)

(

50,533

)

SEI

Investments

Co.

(

104

)

(

8,161

)

Sensata

Technologies

Holding

plc

(

1,465

)

(

51,597

)

SharkNinja,

Inc.

(

169

)

(

17,897

)

Sherwin-Williams

Co.

(The)

(

165

)

(

52,891

)

Shift4

Payments,

Inc.,

Class

A

(

2,390

)

(

104,515

)

Signify

NV

(2)(c)

(

769

)

(

16,379

)

Silgan

Holdings,

Inc.

(

1,168

)

(

45,318

)

Simon

Property

Group,

Inc.,

REIT

(

204

)

(

38,052

)

Sirius

XM

Holdings,

Inc.

(

407

)

(

9,394

)

Skyworks

Solutions,

Inc.

(

290

)

(

15,530

)

SLB

Ltd.

(

1,622

)

(

83,355

)

SLM

Corp.

(

1,285

)

(

27,512

)

Snap-on,

Inc.

(

89

)

(

32,327

)

SoFi

Technologies,

Inc.

(

6,415

)

(

101,870

)

Somnigroup

International,

Inc.

(

939

)

(

69,411

)

Sonoco

Products

Co.

(

641

)

(

34,672

)

Southern

Co.

(The)

(

729

)

(

70,363

)

Spire,

Inc.

(

70

)

(

6,338

)

SPX

Technologies,

Inc.

(

55

)

(

10,997

)

STAG

Industrial,

Inc.,

REIT

(

2,012

)

(

72,553

)

StandardAero,

Inc.

(

3,327

)

(

85,936

)

Starbucks

Corp.

(

634

)

(

56,800

)

Steel

Dynamics,

Inc.

(

396

)

(

71,280

)

Strategy,

Inc.,

Class

A

(

399

)

(

49,795

)

Summit

Therapeutics,

Inc.

(

2,423

)

(

45,940

)

Sun

Communities,

Inc.,

REIT

(

715

)

(

90,061

)

Super

Micro

Computer,

Inc.

(

1,447

)

(

32,948

)

Swiss

Re

AG

(2)

(

188

)

(

31,580

)

Synaptics,

Inc.

(

653

)

(

45,736

)

T.

Rowe

Price

Group,

Inc.

(

66

)

(

5,949

)

Talen

Energy

Corp.

(

245

)

(

78,211

)

Targa

Resources

Corp.

(

162

)

(

40,618

)

Teledyne

Technologies,

Inc.

(

32

)

(

19,360

)

Teleflex,

Inc.

(

126

)

(

15,071

)

Tempus

AI,

Inc.,

Class

A

(

1,094

)

(

49,471

)

Tenaris

SA

(2)

(

2,233

)

(

65,276

)

Teradata

Corp.

(

1,380

)

(

35,369

)

Terex

Corp.

(

1,475

)

(

87,173

)

Tesla,

Inc.

(

205

)

(

76,209

)

Tetra

Tech,

Inc.

(

481

)

(

14,488

)

Texas

Instruments,

Inc.

(

131

)

(

25,432

)

142

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LSE

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(150.2)%

(continued)

TFS

Financial

Corp.

(

414

)

(

5,817

)

Thermo

Fisher

Scientific,

Inc.

(

391

)

(

192,188

)

Thor

Industries,

Inc.

(

247

)

(

19,733

)

Toast,

Inc.,

Class

A

(

694

)

(

18,398

)

TopBuild

Corp.

(

268

)

(

94,148

)

TPG,

Inc.

(

2,368

)

(

95,928

)

Tractor

Supply

Co.

(

902

)

(

40,861

)

Trane

Technologies

plc

(

215

)

(

89,599

)

TransDigm

Group,

Inc.

(

39

)

(

45,199

)

Travel

+

Leisure

Co.

(

706

)

(

48,848

)

Trimble,

Inc.

(

187

)

(

12,198

)

Twilio,

Inc.,

Class

A

(

1,008

)

(

126,827

)

Tyler

Technologies,

Inc.

(

56

)

(

19,173

)

UDR,

Inc.,

REIT

(

3,162

)

(

106,812

)

UGI

Corp.

(

2,085

)

(

75,936

)

Unity

Software,

Inc.

(

4,165

)

(

91,380

)

Universal

Display

Corp.

(

106

)

(

9,716

)

US

Foods

Holding

Corp.

(

259

)

(

23,882

)

Vail

Resorts,

Inc.

(

578

)

(

74,169

)

Valvoline,

Inc.

(

962

)

(

32,400

)

VICI

Properties,

Inc.,

Class

A,

REIT

(

706

)

(

19,288

)

Viking

Therapeutics,

Inc.

(

1,825

)

(

59,386

)

Visa,

Inc.,

Class

A

(

264

)

(

79,791

)

Visteon

Corp.

(

244

)

(

22,231

)

Vistra

Corp.

(

395

)

(

59,380

)

Vontier

Corp.

(

157

)

(

5,569

)

Vornado

Realty

Trust,

REIT

(

347

)

(

9,019

)

Voya

Financial,

Inc.

(

83

)

(

5,671

)

W

R

Berkley

Corp.

(

1,920

)

(

127,258

)

Walt

Disney

Co.

(The)

(

169

)

(

16,288

)

Waste

Connections,

Inc.

(

46

)

(

7,472

)

Waste

Management,

Inc.

(

155

)

(

35,617

)

Waters

Corp.

(

174

)

(

51,817

)

Watsco,

Inc.

(

102

)

(

37,107

)

Wayfair,

Inc.,

Class

A

(

676

)

(

50,842

)

Welltower,

Inc.,

REIT

(

1,346

)

(

266,118

)

Wendy's

Co.

(The)

(

6,050

)

(

42,048

)

Western

Alliance

Bancorp

(

102

)

(

7,227

)

Western

Union

Co.

(The)

(

8,635

)

(

75,384

)

Westlake

Corp.

(

50

)

(

5,841

)

Whirlpool

Corp.

(

1,014

)

(

54,675

)

White

Mountains

Insurance

Group

Ltd.

(

21

)

(

46,136

)

Williams

Cos.,

Inc.

(The)

(

75

)

(

5,459

)

Williams-Sonoma,

Inc.

(

32

)

(

5,835

)

Willis

Towers

Watson

plc

(

32

)

(

9,302

)

WillScot

Holdings

Corp.

(

11,122

)

(

193,078

)

Wingstop,

Inc.

(

160

)

(

24,795

)

WP

Carey,

Inc.,

REIT

(

4,088

)

(

277,820

)

WW

Grainger,

Inc.

(

112

)

(

122,171

)

Wyndham

Hotels

&

Resorts,

Inc.

(

591

)

(

48,007

)

Wynn

Resorts

Ltd.

(

510

)

(

51,791

)

Xcel

Energy,

Inc.

(

1,030

)

(

81,823

)

YETI

Holdings,

Inc.

(

2,387

)

(

87,340

)

Yum!

Brands,

Inc.

(

1,176

)

(

182,844

)

Zebra

Technologies

Corp.,

Class

A

(

96

)

(

20,072

)

Zillow

Group,

Inc.,

Class

C

(

1,272

)

(

52,635

)

(28,304,726)

INVESTMENTS

SHARES

VALUE

($)

Zambia

-

(

0

.0

)

%

†

First

Quantum

Minerals

Ltd.

(

348

)

(

8,320

)

TOTAL

COMMON

STOCKS

(Proceeds

$(53,439,034))                                                    

(49,228,943)

PREFERRED

STOCKS

-

(1.1)%

Germany

-

(

1

.1

)

%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(c)

(

1,914

)

(

87,191

)

Sartorius

AG

(Preference)

(2)

(

489

)

(

122,356

)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(221,025))                                                    

(209,547)

NO.

OF

RIGHTS

RIGHTS

-

0.0%

United

States

-

0

.0

%

Walgreens

Boots

Alliance,

Inc.,

CVR

(3)

(Proceeds

$–)

(

1,143

)

–

TOTAL

SHORT

POSITIONS

(Proceeds

$(53,660,059))

(49,438,490)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

91.6%

(Cost

$8,954,884)

17,261,915

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

8.4%

‡

1,588,360

NET

ASSETS

-

100.0%

18,850,275

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

LSE

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

143

(Continued)

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(

67,838

)

(

0

.3

)

%

Consumer

Discretionary

441,680

2

.3

Consumer

Staples

395,568

2

.1

Energy

1,726,816

9

.1

Financials

3,317,187

17

.6

Health

Care

(

841,713

)

(

4

.4

)

Industrials

1,498,413

7

.9

Information

Technology

1,431,116

7

.6

Materials

144,107

0

.8

Real

Estate

(

1,885,891

)

(

10

.0

)

Utilities

(

1,833,957

)

(

9

.7

)

Investment

Companies

9,980,765

52

.9

U.S.

Treasury

Obligations

2,955,662

15

.7

Total

Investments

In

Securities

At

Value

17,261,915

91

.6

Other

Assets

in

Excess

of

Liabilities

‡

1,588,360

8

.4

Net

Assets

$

18,850,275

100

.0

%

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange

and

futures

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$53,028,518,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

(b)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$11,816,278.

(c)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$565,566

of

investments

in

securities

and

$(741,881)

of

securities

sold

short,

which

represents

3.00%

and

(3.94)%

of

net

assets

of

the

Fund,

respectively.

(d)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(e)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

(3)

Security

fair

valued

using

significant

unobservable

inputs

(Level

3)

in

accordance

with

procedures

approved

by

the

Board

of

Trustees.

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

S&P

500

Micro

E-Mini

Index

590

6/2026

USD

$

19,383,713

$

(

303,068

)

Net

unrealized

depreciation

$

(

303,068

)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

JPY

10,000,000

USD

63,271

CITI

6/17/2026

$

146

JPY

10,000,000

USD

63,271

JPMC

6/17/2026

146

USD

163,098

AUD

229,000

CITI

6/17/2026

5,277

USD

163,098

AUD

229,000

JPMC

6/17/2026

5,278

USD

403,674

CAD

549,750

CITI

6/17/2026

7,159

USD

403,675

CAD

549,750

JPMC

6/17/2026

7,159

USD

38,545

CHF

29,500

CITI

6/17/2026

1,340

144

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

LSE

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

38,545

CHF

29,500

JPMC

6/17/2026

$

1,340

USD

93,798

DKK

603,500

CITI

6/17/2026

51

USD

93,798

DKK

603,500

JPMC

6/17/2026

51

USD

679,514

EUR

577,000

CITI

6/17/2026

10,243

USD

679,515

EUR

577,000

JPMC

6/17/2026

10,244

USD

101,481

GBP

75,500

CITI

6/17/2026

1,572

USD

101,481

GBP

75,500

JPMC

6/17/2026

1,572

USD

322,387

JPY

50,000,000

CITI

6/17/2026

5,299

USD

322,387

JPY

50,000,000

JPMC

6/17/2026

5,300

USD

103,963

NOK

1,000,000

CITI

6/17/2026

755

USD

103,964

NOK

1,000,000

JPMC

6/17/2026

756

USD

160,457

SGD

202,000

CITI

6/17/2026

2,497

USD

160,457

SGD

202,000

JPMC

6/17/2026

2,497

Total

unrealized

appreciation

68,682

AUD

137,000

USD

96,109

CITI

6/17/2026

(

1,693

)

AUD

137,000

USD

96,109

JPMC

6/17/2026

(

1,693

)

CHF

31,375

USD

40,051

CITI

6/17/2026

(

481

)

CHF

31,375

USD

40,051

JPMC

6/17/2026

(

481

)

DKK

20,500

USD

3,258

CITI

6/17/2026

(

74

)

DKK

20,500

USD

3,258

JPMC

6/17/2026

(

74

)

EUR

44,500

USD

51,966

CITI

6/17/2026

(

350

)

EUR

44,500

USD

51,966

JPMC

6/17/2026

(

350

)

GBP

74,500

USD

99,588

CITI

6/17/2026

(

1,002

)

GBP

74,500

USD

99,587

JPMC

6/17/2026

(

1,002

)

SGD

178,000

USD

140,078

CITI

6/17/2026

(

885

)

SGD

178,000

USD

140,078

JPMC

6/17/2026

(

885

)

USD

42,281

EUR

36,500

CITI

6/17/2026

(

56

)

USD

42,281

EUR

36,500

JPMC

6/17/2026

(

56

)

USD

31,555

JPY

5,000,000

CITI

6/17/2026

(

154

)

USD

31,555

JPY

5,000,000

JPMC

6/17/2026

(

154

)

Total

unrealized

depreciation

(

9,390

)

Net

unrealized

appreciation

$

59,292

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2026

145

INVESTMENTS

SHARES

VALUE

($)

COMMON

STOCKS

-

5.6%

Consumer

Staples

-

5

.6

%

Food

Products

-

5

.6

%

Archer-Daniels-Midland

Co.

(1)

67,702

4,921,258

Bunge

Global

SA

(1)

25,425

3,234,060

Campbell's

Co.

(The)

(1)

48,142

1,072,122

Conagra

Brands,

Inc.

(1)

92,631

1,456,159

Darling

Ingredients,

Inc.

(1)*

49,018

3,031,763

Flowers

Foods,

Inc.

(1)

79,806

650,419

Freshpet,

Inc.

(1)*

13,110

772,966

General

Mills,

Inc.

(1)

71,613

2,665,436

Hershey

Co.

(The)

(1)

19,473

4,048,242

Hormel

Foods

Corp.

(1)

73,452

1,663,688

Ingredion,

Inc.

(1)

16,858

1,899,222

J

M

Smucker

Co.

(The)

(1)

21,201

2,044,624

Kraft

Heinz

Co.

(The)

(1)

110,332

2,481,367

Lamb

Weston

Holdings,

Inc.

(1)

27,206

1,149,726

McCormick

&

Co.,

Inc.

(Non-Voting)

(1)

41,060

2,071,066

Mondelez

International,

Inc.,

Class

A

(1)

131,632

7,587,269

Pilgrim's

Pride

Corp.

(1)

15,707

593,096

Post

Holdings,

Inc.

(1)*

17,012

1,681,806

Seaboard

Corp.

(1)

439

2,482,115

Tyson

Foods,

Inc.,

Class

A

(1)

48,350

3,097,785

Total

Consumer

Staples

48,604,189

TOTAL

COMMON

STOCKS

(Cost

$49,288,193)

48,604,189

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

1

.4

%

U.S.

Treasury

Inflation-Linked

Notes

1.88%,

7/15/2035

(a)(b)

(Cost

$12,425,208)  

$

12,459,162

12,397,922

SHARES

SHORT-TERM

INVESTMENTS

-

85.3%

INVESTMENT

COMPANIES

-

46

.1

%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(1)(c)(d)

14,435,007

14,435,007

Limited

Purpose

Cash

Investment

Fund,

3.65%

(1)(c)

385,203,509

385,203,509

TOTAL

INVESTMENT

COMPANIES

(Cost

$399,605,457)

399,638,516

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

39

.2

%

U.S.

Treasury

Bills

3.79%,

4/2/2026

(e)

$

635,000

634,936

3.77%,

4/9/2026

(e)

14,296,000

14,284,530

3.75%,

4/16/2026

(e)

5,000,000

4,992,446

3.73%,

4/23/2026

(e)

9,718,000

9,696,444

3.71%,

4/30/2026

(e)

8,489,000

8,464,179

3.77%,

5/7/2026

(e)

12,607,000

12,561,079

3.76%,

5/14/2026

(e)

22,226,000

22,129,354

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

39.2%

(continued)

3.78%,

5/21/2026

(e)

$

4,179,000

4,157,942

3.70%,

6/4/2026

(e)

18,476,000

18,357,301

3.65%,

6/11/2026

(e)

3,117,000

3,094,886

3.56%,

6/18/2026

(e)

9,250,000

9,177,910

3.55%,

6/25/2026

(e)

23,470,000

23,271,198

3.56%,

7/2/2026

(e)

24,834,000

24,605,321

3.54%,

7/9/2026

(e)

15,499,000

15,345,325

3.55%,

7/16/2026

(e)

172,000

170,182

3.58%,

7/23/2026

(e)

17,000,000

16,808,345

3.59%,

7/30/2026

(e)

3,679,000

3,634,745

3.59%,

8/6/2026

(e)(f)

4,545,000

4,487,443

3.56%,

8/13/2026

(e)(f)

11,058,000

10,909,594

3.56%,

8/20/2026

(e)(f)

16,000,000

15,774,338

3.59%,

8/27/2026

(e)

14,670,000

14,453,186

3.60%,

9/3/2026

(e)

10,143,000

9,986,105

3.60%,

9/10/2026

(e)(f)

57,227,000

56,302,987

3.64%,

9/17/2026

(e)(f)

16,943,000

16,657,196

3.70%,

9/24/2026

(e)(f)

14,092,000

13,845,745

3.67%,

10/1/2026

(e)

6,717,000

6,594,420

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$340,448,396)

340,397,137

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$740,053,853)

740,035,653

NO.

OF

CONTRACTS

PURCHASED

OPTIONS

-

0.3%

Put

Option

s

-

0

.3

%

Over-the-Counter

Equity

Index

Options

-

0

.3

%

S&P

500

Index

JPMC

Exercise

Price:

USD

6,500

Notional

Amount:

USD

71,813,720

Expiration

Date:

6/18/2026

110

2,448,539

NOTIONAL

AMOUNT

Interest

Rate

Swaptions

-

0

.0

%

†

2-Year

Interest

Rate

Swap,

Pays

SOFR

Quarterly,

Receives

3.23%

Quarterly

JPMC

Exercise

Rate:

3.23%

Expiration

Date:

6/17/2026

$

109,417,979

203,641

TOTAL

PURCHASED

OPTIONS

(Cost

$2,440,428)

2,652,180

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

92.6%

(Cost

$804,207,682)

803,689,944

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

7.4%

‡

64,482,053

NET

ASSETS

-

100.0%

868,171,997

146

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

SECTOR

VALUE

%

OF

NET

ASSETS

Consumer

Staples

$

48,604,189

5

.6

%

Purchased

Options

2,652,180

0

.3

Investment

Companies

399,638,516

46

.1

U.S.

Treasury

Obligations

352,795,059

40

.6

Total

Investments

In

Securities

At

Value

803,689,944

92

.6

Other

Assets

in

Excess

of

Liabilities

‡

64,482,053

7

.4

Net

Assets

$

868,171,997

100

.0

%

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange,

futures,

swap

and

written

option

contracts,

and

value

of

reverse

repurchase

agreements.

(a)

On

March

31,

2026,

securities

valued

at

$12,397,922

were

pledged

as

collateral

for

reverse

repurchase

agreements

outstanding.

(b)

Inflation-protected

security.

(c)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(d)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(e)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(f)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

All

securities

are

Level

2

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(1)

Level

1

security.

Reverse

repurchase

agreements

outstanding

as

of

March

31,

2026:

Over-the-Counter

COUNTERPARTY

TRADE

DATE

RATE

MATURITY

DATE

CURRENCY

PRINCIPAL

AMOUNT

AND

VALUE

OF

REVERSE

REPURCHASE

AGREEMENT

BNPP

3/20/2026

3.79%

4/9/2026

USD

$

6,215,500

BNPP

3/23/2026

3.80%

4/9/2026

USD

6,100,000

$

12,315,500

The

weighted

average

daily

balance

of

the

reverse

repurchase

agreements

during

the

period

ended

March

31,

2026

was

$11,637,722

at

a

net

weighted

average

interest

rate

of

3.795%.

Written

put

option

contracts

(premium-style)

outstanding

as

of

March

31,

2026:

Over-the-Counter

D

ESCRIPTION

COUNTERPARTY

NUMBER

OF

CONTRACTS

NOTIONAL

AMOUNT

EXERCISE

PRICE

EXPIRATION

DATE

PREMIUM

PAID

(RECEIVED)

VALUE

S&P

500

Index

JPMC

55

USD

(

35,906,860

)

USD

5,600

6/18/2026

$

(

358,938

)

$

(

301,427

)

$

(

358,938

)

$

(

301,427

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

147

(Continued)

Credit

default

swap

contracts

outstanding

-

buy

protection

as

of

March

31,

2026:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

PAID

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Main

Index

Series

45.V1

1

.00

%

Quarterly

6/20/2031

0

.71

%

EUR

3,686,000

$

(

55,133

)

$

(

4,639

)

$

(

59,772

)

iTraxx

Europe

Main

Index

Series

45.V1

1

.00

Quarterly

6/20/2031

0

.71

EUR

3,686,000

(

55,134

)

(

4,639

)

(

59,773

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

4,419,000

(

186,674

)

(

23,263

)

(

209,937

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

4,419,000

(

186,674

)

(

23,263

)

(

209,937

)

$

(

483,615

)

$

(

55,804

)

$

(

539,419

)

Credit

default

swap

contracts

outstanding

-

sell

protection

as

of

March

31,

2026

:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

RECEIVED

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

%

Quarterly

6/20/2031

3

.53

%

EUR

9,293,000

$

711,857

$

(

19,273

)

$

692,584

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

Quarterly

6/20/2031

3

.53

EUR

9,293,000

711,856

(

19,273

)

692,583

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

Quarterly

6/20/2031

0

.63

USD

13,130,000

219,294

11,719

231,013

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

Quarterly

6/20/2031

0

.63

USD

13,130,000

219,294

11,719

231,013

1,862,301

(

15,108

)

1,847,193

Markit

CDX

North

America

Emerging

Markets

Index

Series

45.V1

1

.00

%

Quarterly

6/20/2031

1

.94

%

USD

6,777,000

$

(

273,873

)

$

(

9,614

)

$

(

283,487

)

Markit

CDX

North

America

Emerging

Markets

Index

Series

45.V1

1

.00

Quarterly

6/20/2031

1

.94

USD

6,777,000

(

273,872

)

(

9,615

)

(

283,487

)

(

547,745

)

(

19,229

)

(

566,974

)

$

1,314,556

$

(

34,337

)

$

1,280,219

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2026:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.00%

Semi

6/21/2028

CAD

1,300,000

$

2,763

$

715

$

3,478

Pay

1D

CORRA

Semi

3.00%

Semi

6/21/2028

CAD

1,200,000

2,437

793

3,230

Pay

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

23,400,000

(

2,547

)

40,999

38,452

Pay

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

23,700,000

(

2,580

)

41,558

38,978

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

26,900,000

349,651

10,207

359,858

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

26,900,000

349,792

10,070

359,862

Pay

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

3,400,000

30,966

11,811

42,777

Pay

1D

THOR

Qtrly

2.00%

Qtrly

6/17/2031

THB

5,300,000

1,686

77

1,763

148

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

THOR

Qtrly

2.00%

Qtrly

6/17/2031

THB

5,300,000

$

1,686

$

77

$

1,763

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

333,400,000

2,806

–

2,806

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

333,400,000

2,806

–

2,806

Pay

1D

TIIEOIS

Monthly

8.50%

Monthly

9/10/2031

MXN

7,500,000

2,854

–

2,854

Pay

1D

TIIEOIS

Monthly

8.50%

Monthly

9/10/2031

MXN

7,500,000

2,854

–

2,854

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

78,400,000

290,986

60,206

351,192

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

78,400,000

290,986

60,140

351,126

Pay

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

97,900,000

128,874

84,997

213,871

Pay

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

97,900,000

128,867

85,037

213,904

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

26,500,000

2,432

5,653

8,085

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

26,400,000

2,421

5,640

8,061

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

105,100,000

37,175

1,664

38,839

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

105,100,000

37,175

1,664

38,839

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

315,600,000

361,936

158,476

520,412

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

315,600,000

363,612

156,784

520,396

Pay

6M

NIBOR

Semi

5.00%

Annual

6/21/2028

NOK

46,500,000

7,662

(

2,354

)

5,308

Pay

6M

NIBOR

Semi

5.00%

Annual

6/21/2028

NOK

46,500,000

7,662

(

2,353

)

5,309

Pay

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

17,900,000

3,643

(

322

)

3,321

Pay

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

18,100,000

3,684

(

322

)

3,362

Receive

1D

CLICP

Semi

4.50%

Semi

6/20/2028

CLP

85,000,000

892

(

50

)

842

Receive

1D

CLICP

Semi

4.50%

Semi

6/20/2028

CLP

85,000,000

892

(

50

)

842

Receive

1D

CLICP

Semi

4.50%

Semi

9/20/2028

CLP

1,435,000,000

6,111

9,574

15,685

Receive

1D

CLICP

Semi

4.50%

Semi

9/20/2028

CLP

1,435,000,000

6,111

9,574

15,685

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

6,525,000,000

11,766

(

7,914

)

3,852

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

6,525,000,000

11,766

(

7,914

)

3,852

Receive

1D

CLICP

Semi

5.00%

Semi

6/17/2031

CLP

530,000,000

1,513

1,214

2,727

Receive

1D

CLICP

Semi

5.00%

Semi

6/17/2031

CLP

530,000,000

1,513

1,214

2,727

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

5,550,000,000

50,398

(

12,478

)

37,920

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

5,550,000,000

50,398

(

12,478

)

37,920

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

110,900,000

81,477

389,469

470,946

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

110,900,000

81,438

389,509

470,947

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

9,700,000

25,871

24,749

50,620

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

9,500,000

24,873

24,704

49,577

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

2,031,900,000

1,203

876

2,079

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

6,882,000,000

728

38,665

39,393

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

2,031,900,000

1,203

875

2,078

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

6,882,000,000

728

38,665

39,393

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

4,930,000,000

5,350

(

838

)

4,512

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

4,930,000,000

5,350

(

838

)

4,512

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/17/2036

COP

117,900,000

(

357

)

534

177

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/17/2036

COP

117,900,000

(

357

)

534

177

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

2,484,300,000

(

64,089

)

148,850

84,761

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

2,484,300,000

(

64,089

)

148,850

84,761

Receive

1D

SARON

Annual

0.50%

Annual

6/18/2036

CHF

3,000,000

27,692

(

4,191

)

23,501

Receive

1D

SARON

Annual

0.50%

Annual

6/18/2036

CHF

3,100,000

29,907

(

5,267

)

24,640

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2036

CHF

34,000,000

392,767

5,687

398,454

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2036

CHF

34,000,000

368,274

30,179

398,453

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

396,600,000

(

643,535

)

1,157,858

514,323

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

396,600,000

(

643,892

)

1,157,950

514,058

Receive

1D

SOFR

Annual

3.50%

Annual

6/18/2031

USD

26,200,000

(

247,722

)

406,026

158,304

Receive

1D

SOFR

Annual

3.50%

Annual

6/18/2031

USD

26,100,000

(

245,406

)

402,968

157,562

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

38,400,000

5,652

239,299

244,951

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

38,500,000

6,244

239,283

245,527

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

126,600,000

65,858

1,657,411

1,723,269

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

126,700,000

66,739

1,658,162

1,724,901

Receive

1D

SORA

Semi

2.00%

Semi

9/17/2031

SGD

100,000

(

10

)

456

446

Receive

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

2,900,000

109

597

706

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

149

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

2,900,000

$

108

$

597

$

705

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

9/03/2036

MXN

73,400,000

14,412

155,429

169,841

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

9/03/2036

MXN

73,400,000

14,412

155,429

169,841

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

53,714,500,000

(

361,412

)

860,435

499,023

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

53,714,500,000

(

361,413

)

860,436

499,023

Receive

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/16/2031

CNY

1,100,000

1,127

(

152

)

975

Receive

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/16/2031

CNY

1,100,000

1,127

(

152

)

975

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

116,500,000

218,864

25,285

244,149

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

116,400,000

218,251

25,539

243,790

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

335,700,000

1,158,516

(

417,938

)

740,578

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

335,800,000

1,160,249

(

419,680

)

740,569

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/21/2028

KRW

6,196,800,000

(

9,435

)

24,811

15,376

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/21/2028

KRW

6,196,800,000

(

9,435

)

24,811

15,376

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

30,639,200,000

(

40,069

)

155,773

115,704

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

30,639,200,000

(

40,066

)

155,773

115,707

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

4,569,300,000

(

13,955

)

54,961

41,006

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

4,569,300,000

(

13,955

)

54,961

41,006

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

11,584,000,000

(

31,336

)

148,962

117,626

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

11,584,000,000

(

31,336

)

148,962

117,626

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

6/21/2028

ZAR

42,300,000

16,380

4,186

20,566

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

6/21/2028

ZAR

42,300,000

16,380

4,186

20,566

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

60,400,000

1,646

663

2,309

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

9/20/2028

ZAR

57,900,000

24,227

7,331

31,558

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

9/20/2028

ZAR

57,900,000

24,227

7,331

31,558

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

60,300,000

1,641

663

2,304

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

6/18/2031

ZAR

14,500,000

5,777

3,683

9,460

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

6/18/2031

ZAR

14,500,000

5,777

3,683

9,460

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/18/2036

SEK

38,500,000

4,873

33,864

38,737

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/18/2036

SEK

38,500,000

4,889

33,847

38,736

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

143,200,000

195,998

(

12,964

)

183,034

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

143,300,000

196,317

(

13,200

)

183,117

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

6/20/2028

TWD

184,400,000

(

3,965

)

17,264

13,299

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

6/20/2028

TWD

184,400,000

(

3,965

)

17,264

13,299

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

98,100,000

7,272

3,751

11,023

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

98,100,000

7,272

3,751

11,023

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

1,800,000

13,442

1,091

14,533

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

1,700,000

12,695

1,091

13,786

Receive

6M

BUBOR

Semi

6.00%

Annual

6/18/2031

HUF

217,300,000

1,586

29,813

31,399

Receive

6M

BUBOR

Semi

6.00%

Annual

6/18/2031

HUF

217,300,000

1,586

29,813

31,399

Receive

6M

BUBOR

Semi

7.00%

Annual

9/17/2031

HUF

105,000,000

14

2,493

2,507

Receive

6M

BUBOR

Semi

7.00%

Annual

9/17/2031

HUF

105,000,000

14

2,493

2,507

Receive

6M

BUBOR

Semi

6.50%

Annual

6/18/2036

HUF

110,000,000

(

3,477

)

18,360

14,883

Receive

6M

BUBOR

Semi

6.50%

Annual

6/18/2036

HUF

110,000,000

(

3,477

)

18,360

14,883

Receive

6M

BUBOR

Semi

6.00%

Annual

9/17/2036

HUF

105,000,000

8,996

16,181

25,177

Receive

6M

BUBOR

Semi

6.00%

Annual

9/17/2036

HUF

105,000,000

8,996

16,181

25,177

Receive

6M

EURIBOR

Semi

2.50%

Annual

9/17/2031

EUR

235,400,000

3,644,236

1,796,247

5,440,483

Receive

6M

EURIBOR

Semi

2.50%

Annual

9/17/2031

EUR

235,500,000

3,645,294

1,797,500

5,442,794

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/21/2056

EUR

8,400,000

74,378

123,811

198,189

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/21/2056

EUR

8,400,000

74,323

123,866

198,189

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2056

EUR

17,300,000

251,913

162,799

414,712

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2056

EUR

17,300,000

253,186

162,415

415,601

Receive

6M

NIBOR

Semi

4.50%

Annual

9/20/2028

NOK

64,100,000

4,097

42,616

46,713

Receive

6M

NIBOR

Semi

4.50%

Annual

9/20/2028

NOK

64,000,000

4,020

42,620

46,640

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

127,900,000

281,357

169,164

450,521

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

127,900,000

281,193

169,329

450,522

150

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

64,600,000

$

155,006

$

61,125

$

216,131

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

64,700,000

155,612

60,854

216,466

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

115,100,000

21,906

19,504

41,410

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

115,100,000

21,906

19,504

41,410

Receive

6M

PRIBOR

Semi

4.00%

Annual

6/18/2031

CZK

81,100,000

(

46,899

)

119,614

72,715

Receive

6M

PRIBOR

Semi

4.00%

Annual

6/18/2031

CZK

81,100,000

(

46,899

)

119,614

72,715

Receive

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

14,100,000

5,098

(

1,445

)

3,653

Receive

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

14,100,000

5,142

(

1,488

)

3,654

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2036

PLN

3,500,000

30,394

157

30,551

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2036

PLN

3,500,000

30,431

104

30,535

13,101,124

16,116,262

29,217,386

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

31,600,000

(

270,840

)

(

217,722

)

(

488,562

)

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

31,500,000

(

271,351

)

(

215,663

)

(

487,014

)

Pay

1D

MIBOR

Semi

6.50%

Semi

6/17/2031

INR

92,800,000

1,900

(

15,701

)

(

13,801

)

Pay

1D

MIBOR

Semi

6.50%

Semi

6/17/2031

INR

92,800,000

1,900

(

15,701

)

(

13,801

)

Pay

1D

MIBOR

Semi

6.50%

Semi

9/16/2031

INR

165,000,000

(

9,347

)

(

19,988

)

(

29,335

)

Pay

1D

MIBOR

Semi

6.50%

Semi

9/16/2031

INR

165,000,000

(

9,347

)

(

19,988

)

(

29,335

)

Pay

1D

MIBOR

Semi

6.50%

Semi

9/16/2036

INR

450,000,000

(

95,553

)

(

88,407

)

(

183,960

)

Pay

1D

MIBOR

Semi

6.50%

Semi

9/16/2036

INR

450,000,000

(

95,553

)

(

88,407

)

(

183,960

)

Pay

1D

SARON

Annual

0.00%

Annual

6/21/2028

CHF

50,600,000

(

140,530

)

(

100,465

)

(

240,995

)

Pay

1D

SARON

Annual

0.00%

Annual

6/21/2028

CHF

50,600,000

(

140,567

)

(

100,429

)

(

240,996

)

Pay

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

236,600,000

(

1,681,926

)

322,705

(

1,359,221

)

Pay

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

236,600,000

(

1,683,599

)

324,417

(

1,359,182

)

Pay

1D

SHIRON

Annual

3.50%

Annual

9/20/2028

ILS

1,400,000

(

2,594

)

32

(

2,562

)

Pay

1D

SHIRON

Annual

3.50%

Annual

9/20/2028

ILS

1,400,000

(

2,594

)

4

(

2,590

)

Pay

1D

SHIRON

Annual

3.50%

Annual

9/17/2031

ILS

2,100,000

5,669

(

15,955

)

(

10,286

)

Pay

1D

SHIRON

Annual

3.50%

Annual

9/17/2031

ILS

2,100,000

5,669

(

15,955

)

(

10,286

)

Pay

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

41,600,000

(

142,741

)

61,678

(

81,063

)

Pay

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

41,700,000

(

143,878

)

62,666

(

81,212

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

3,400,000

30,966

(

110,481

)

(

79,515

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

79,000,000

(

1,877,418

)

(

713,807

)

(

2,591,225

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

79,100,000

(

1,885,022

)

(

709,483

)

(

2,594,505

)

Pay

1D

SOFR

Annual

4.00%

Annual

6/21/2056

USD

5,700,000

(

74,764

)

(

58,283

)

(

133,047

)

Pay

1D

SOFR

Annual

4.00%

Annual

6/21/2056

USD

5,700,000

(

73,558

)

(

59,489

)

(

133,047

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

6,400,000

(

99,024

)

(

52,650

)

(

151,674

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

6,400,000

(

101,294

)

(

50,380

)

(

151,674

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

900,000

3,602

(

127,125

)

(

123,523

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

1,100,000

4,402

(

126,618

)

(

122,216

)

Pay

1D

SONIA

Annual

4.00%

Annual

9/20/2028

GBP

120,600,000

(

1,278,348

)

458,614

(

819,734

)

Pay

1D

SONIA

Annual

4.00%

Annual

9/20/2028

GBP

120,500,000

(

1,277,178

)

458,124

(

819,054

)

Pay

1D

SONIA

Annual

4.00%

Annual

6/18/2031

GBP

13,200,000

(

16,120

)

(

159,515

)

(

175,635

)

Pay

1D

SONIA

Annual

4.00%

Annual

6/18/2031

GBP

13,200,000

(

16,120

)

(

159,514

)

(

175,634

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

13,600,000

(

248,129

)

(

627,210

)

(

875,339

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

13,500,000

(

248,955

)

(

619,948

)

(

868,903

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

21,700,000

(

1,171,532

)

(

245,990

)

(

1,417,522

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

21,700,000

(

1,177,253

)

(

240,269

)

(

1,417,522

)

Pay

1D

SORA

Semi

1.50%

Semi

6/21/2028

SGD

800,000

(

3,037

)

1,368

(

1,669

)

Pay

1D

SORA

Semi

1.50%

Semi

6/21/2028

SGD

800,000

(

3,037

)

1,463

(

1,574

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

15,500,000

(

11,287

)

(

51,967

)

(

63,254

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

15,500,000

(

11,155

)

(

52,099

)

(

63,254

)

Pay

1D

SORA

Semi

2.00%

Semi

6/18/2031

SGD

1,800,000

(

5,195

)

1,580

(

3,615

)

Pay

1D

SORA

Semi

2.00%

Semi

6/18/2031

SGD

1,800,000

(

5,495

)

1,845

(

3,650

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/14/2028

MXN

154,000,000

(

9,524

)

(

28,997

)

(

38,521

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/14/2028

MXN

154,000,000

(

9,524

)

(

28,997

)

(

38,521

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/11/2031

MXN

136,500,000

9,156

(

232,018

)

(

222,862

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/11/2031

MXN

136,500,000

9,156

(

232,018

)

(

222,862

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

9/10/2031

MXN

9,100,000

(

4,054

)

(

12,750

)

(

16,804

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

151

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

9/10/2031

MXN

9,100,000

$

(

4,054

)

$

(

12,750

)

$

(

16,804

)

Pay

1D

TIIEOIS

Monthly

8.50%

Monthly

9/03/2036

MXN

9,000,000

(

465

)

(

3,981

)

(

4,446

)

Pay

1D

TIIEOIS

Monthly

8.50%

Monthly

9/03/2036

MXN

9,000,000

(

465

)

(

3,981

)

(

4,446

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

7,382,100,000

(

221,105

)

(

459,502

)

(

680,607

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

7,382,200,000

(

221,110

)

(

459,505

)

(

680,615

)

Pay

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

6,353,700,000

(

388,815

)

(

314,786

)

(

703,601

)

Pay

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

6,353,800,000

(

388,827

)

(

314,783

)

(

703,610

)

Pay

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

1,141,800,000

(

127,547

)

316

(

127,231

)

Pay

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

1,141,800,000

(

127,547

)

316

(

127,231

)

Pay

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

1,424,600,000

(

187,872

)

(

14,874

)

(

202,746

)

Pay

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

1,424,600,000

(

187,914

)

(

14,832

)

(

202,746

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

3,728,000,000

(

698,562

)

(

504,198

)

(

1,202,760

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

3,728,000,000

(

698,567

)

(

504,194

)

(

1,202,761

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

3,316,900,000

(

558,051

)

(

623,427

)

(

1,181,478

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

3,317,000,000

(

558,104

)

(

623,409

)

(

1,181,513

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

6/20/2028

CNY

115,000,000

(

4,956

)

1,598

(

3,358

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

6/20/2028

CNY

115,000,000

(

4,956

)

1,598

(

3,358

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/18/2028

CNY

65,400,000

6,642

(

10,811

)

(

4,169

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/18/2028

CNY

65,400,000

6,643

(

10,812

)

(

4,169

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

6/17/2031

CNY

54,500,000

(

41,356

)

(

1,641

)

(

42,997

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

6/17/2031

CNY

54,500,000

(

41,356

)

(

1,641

)

(

42,997

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

44,500,000

134,836

(

185,065

)

(

50,229

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

44,400,000

135,947

(

186,063

)

(

50,116

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

18,400,000

(

52,359

)

(

16,986

)

(

69,345

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

18,400,000

(

52,226

)

(

17,119

)

(

69,345

)

Pay

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2036

KRW

2,550,000,000

(

28,207

)

(

16,986

)

(

45,193

)

Pay

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2036

KRW

2,550,000,000

(

28,207

)

(

16,986

)

(

45,193

)

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2036

HKD

700,000

(

1,011

)

14

(

997

)

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2036

HKD

600,000

(

867

)

12

(

855

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

6/21/2028

ZAR

72,400,000

9,157

(

83,625

)

(

74,468

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

6/21/2028

ZAR

72,400,000

9,157

(

83,625

)

(

74,468

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

332,000,000

(

193,795

)

(

340,852

)

(

534,647

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

331,900,000

(

193,739

)

(

340,747

)

(

534,486

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

6/18/2031

ZAR

140,700,000

(

24,872

)

(

408,396

)

(

433,268

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

6/18/2031

ZAR

140,700,000

(

24,872

)

(

408,396

)

(

433,268

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

30,500,000

(

31,017

)

(

67,343

)

(

98,360

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

30,500,000

(

31,017

)

(

67,343

)

(

98,360

)

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

6/18/2036

ZAR

8,700,000

(

10,171

)

(

5,145

)

(

15,316

)

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

6/18/2036

ZAR

8,700,000

(

10,171

)

(

5,145

)

(

15,316

)

Pay

3M

JIBAR

Qtrly

8.50%

Qtrly

9/17/2036

ZAR

15,500,000

(

2,226

)

(

752

)

(

2,978

)

Pay

3M

JIBAR

Qtrly

8.50%

Qtrly

9/17/2036

ZAR

15,500,000

(

2,226

)

(

752

)

(

2,978

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

6/21/2028

SEK

395,400,000

(

168,219

)

(

442,949

)

(

611,168

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2028

SEK

525,800,000

295,826

(

572,700

)

(

276,874

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

6/21/2028

SEK

395,400,000

(

168,426

)

(

442,742

)

(

611,168

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2028

SEK

525,800,000

295,826

(

572,700

)

(

276,874

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

9/20/2028

SEK

349,600,000

(

227,073

)

(

357,504

)

(

584,577

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

9/20/2028

SEK

349,600,000

(

227,073

)

(

357,504

)

(

584,577

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2028

SEK

626,400,000

(

353,258

)

(

59,896

)

(

413,154

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2028

SEK

626,400,000

(

359,435

)

(

53,719

)

(

413,154

)

Pay

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2036

TWD

32,000,000

4,887

(

13,078

)

(

8,191

)

Pay

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2036

TWD

32,000,000

4,887

(

13,078

)

(

8,191

)

152

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2036

TWD

12,500,000

$

(

4,787

)

$

377

$

(

4,410

)

Pay

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2036

TWD

12,500,000

(

4,787

)

377

(

4,410

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

112,700,000

(

354,989

)

(

171,970

)

(

526,959

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

112,700,000

(

354,068

)

(

172,939

)

(

527,007

)

Pay

6M

BBR

Semi

5.00%

Semi

9/13/2046

AUD

400,000

(

7,213

)

1,984

(

5,229

)

Pay

6M

BBR

Semi

5.00%

Semi

9/13/2046

AUD

300,000

(

5,486

)

1,563

(

3,923

)

Pay

6M

BUBOR

Semi

6.00%

Annual

6/21/2028

HUF

52,400,000

(

2,407

)

(

1,212

)

(

3,619

)

Pay

6M

BUBOR

Semi

6.50%

Annual

6/21/2028

HUF

150,600,000

(

8,645

)

2,308

(

6,337

)

Pay

6M

BUBOR

Semi

6.00%

Annual

6/21/2028

HUF

52,400,000

(

2,407

)

(

1,212

)

(

3,619

)

Pay

6M

BUBOR

Semi

6.50%

Annual

6/21/2028

HUF

150,600,000

(

8,645

)

2,308

(

6,337

)

Pay

6M

BUBOR

Semi

7.00%

Annual

6/18/2036

HUF

45,000,000

(

2,737

)

766

(

1,971

)

Pay

6M

BUBOR

Semi

7.00%

Annual

6/18/2036

HUF

45,000,000

(

2,737

)

766

(

1,971

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/18/2036

EUR

400,000

987

(

4,633

)

(

3,646

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/18/2036

EUR

400,000

987

(

4,633

)

(

3,646

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

58,800,000

(

374,837

)

(

282,227

)

(

657,064

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

57,900,000

(

376,360

)

(

271,211

)

(

647,571

)

Pay

6M

NIBOR

Semi

4.00%

Annual

6/18/2031

NOK

43,200,000

(

4,064

)

(

110,969

)

(

115,033

)

Pay

6M

NIBOR

Semi

4.00%

Annual

6/18/2031

NOK

43,100,000

(

3,706

)

(

111,061

)

(

114,767

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

153,000,000

(

49,250

)

7,605

(

41,645

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

153,000,000

(

49,322

)

7,677

(

41,645

)

Pay

6M

PRIBOR

Semi

4.50%

Annual

9/17/2036

CZK

13,000,000

(

3,888

)

(

1,191

)

(

5,079

)

Pay

6M

PRIBOR

Semi

4.50%

Annual

9/17/2036

CZK

13,000,000

(

3,888

)

(

1,191

)

(

5,079

)

Pay

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

23,000,000

(

45,876

)

1,209

(

44,667

)

Pay

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

23,100,000

(

45,794

)

907

(

44,887

)

Receive

1D

CLICP

Semi

5.00%

Semi

6/20/2028

CLP

739,600,000

209

(

558

)

(

349

)

Receive

1D

CLICP

Semi

5.00%

Semi

6/20/2028

CLP

739,600,000

209

(

558

)

(

349

)

Receive

1D

CLICP

Semi

5.50%

Semi

6/17/2036

CLP

285,000,000

(

4,360

)

(

406

)

(

4,766

)

Receive

1D

CLICP

Semi

5.50%

Semi

6/17/2036

CLP

285,000,000

(

4,360

)

(

406

)

(

4,766

)

Receive

1D

CLICP

Semi

5.50%

Semi

9/16/2036

CLP

9,900,000

(

76

)

(

65

)

(

141

)

Receive

1D

CLICP

Semi

5.50%

Semi

9/16/2036

CLP

9,900,000

(

76

)

(

65

)

(

141

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

45,600,000

(

80,759

)

(

11,825

)

(

92,584

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

45,600,000

(

81,035

)

(

11,548

)

(

92,583

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

67,500,000

173,631

(

208,677

)

(

35,046

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

67,500,000

173,943

(

208,989

)

(

35,046

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

5,044,600,000

13,361

(

13,684

)

(

323

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

5,044,600,000

13,361

(

13,684

)

(

323

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

9/16/2031

COP

2,525,000,000

(

3,601

)

1,867

(

1,734

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

9/16/2031

COP

2,525,000,000

(

3,601

)

1,867

(

1,734

)

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

10,500,000

(

25,440

)

(

63,258

)

(

88,698

)

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

10,400,000

(

25,038

)

(

62,815

)

(

87,853

)

Receive

1D

SOFR

Annual

4.00%

Annual

6/18/2036

USD

10,400,000

(

96,801

)

(

2,697

)

(

99,498

)

Receive

1D

SOFR

Annual

4.00%

Annual

6/18/2036

USD

10,500,000

(

97,740

)

(

2,716

)

(

100,456

)

Receive

1D

SONIA

Annual

4.50%

Annual

6/18/2036

GBP

34,000,000

(

442,046

)

308,617

(

133,429

)

Receive

1D

SONIA

Annual

4.50%

Annual

6/18/2036

GBP

33,300,000

(

429,416

)

298,735

(

130,681

)

Receive

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

3,900,000

(

4,168

)

2,324

(

1,844

)

Receive

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

3,800,000

(

4,757

)

2,900

(

1,857

)

Receive

1D

SORA

Semi

2.50%

Semi

9/17/2036

SGD

700,000

(

3,453

)

381

(

3,072

)

Receive

1D

SORA

Semi

2.50%

Semi

9/17/2036

SGD

600,000

(

2,960

)

443

(

2,517

)

Receive

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

700,000

(

160

)

73

(

87

)

Receive

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

700,000

(

160

)

73

(

87

)

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

6/14/2028

MXN

6,500,000

(

1,444

)

–

(

1,444

)

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

6/14/2028

MXN

6,500,000

(

1,444

)

–

(

1,444

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

6/11/2031

MXN

30,000,000

(

19,851

)

362

(

19,489

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

6/11/2031

MXN

30,000,000

(

19,851

)

362

(

19,489

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

69,894,500,000

(

806,616

)

494,640

(

311,976

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

69,894,500,000

(

806,615

)

494,640

(

311,975

)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

43,100,000

(

217,241

)

(

26,920

)

(

244,161

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

153

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

43,200,000

$

(

217,822

)

$

(

26,902

)

$

(

244,724

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

14,900,000

(

9,142

)

(

26,683

)

(

35,825

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

14,900,000

(

8,272

)

(

27,266

)

(

35,538

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

6/18/2031

HKD

1,700,000

(

802

)

(

581

)

(

1,383

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

6/18/2031

HKD

1,700,000

(

802

)

(

581

)

(

1,383

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

9,200,000

(

2,878

)

(

3,212

)

(

6,090

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

9,300,000

(

2,936

)

(

3,212

)

(

6,148

)

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

6/21/2028

ZAR

20,700,000

(

1,216

)

246

(

970

)

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

6/21/2028

ZAR

20,800,000

(

1,217

)

240

(

977

)

Receive

3M

JIBAR

Qtrly

8.00%

Qtrly

6/18/2031

ZAR

2,500,000

(

1,606

)

203

(

1,403

)

Receive

3M

JIBAR

Qtrly

8.00%

Qtrly

6/18/2031

ZAR

2,500,000

(

1,606

)

203

(

1,403

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/21/2028

SEK

29,600,000

(

12,663

)

–

(

12,663

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/21/2028

SEK

29,400,000

(

12,578

)

–

(

12,578

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

16,900,000

(

4,984

)

–

(

4,984

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

17,100,000

(

5,078

)

–

(

5,078

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/18/2031

SEK

500,000

136

(

374

)

(

238

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/18/2031

SEK

500,000

136

(

374

)

(

238

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2031

SEK

114,300,000

(

8,293

)

(

22,332

)

(

30,625

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2031

SEK

114,300,000

(

8,293

)

(

22,332

)

(

30,625

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

42,400,000

(

12,434

)

2,908

(

9,526

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

42,400,000

(

12,434

)

2,908

(

9,526

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

39,000,000

(

8,923

)

2,623

(

6,300

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

39,000,000

(

8,923

)

2,623

(

6,300

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

4,400,000

(

11,967

)

(

14,250

)

(

26,217

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

4,500,000

(

12,238

)

(

14,091

)

(

26,329

)

Receive

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

90,700,000

(

197,529

)

(

28,736

)

(

226,265

)

Receive

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

90,700,000

(

197,292

)

(

29,042

)

(

226,334

)

Receive

6M

BUBOR

Semi

7.50%

Annual

6/21/2028

HUF

799,400,000

(

2,599

)

(

5,815

)

(

8,414

)

Receive

6M

BUBOR

Semi

7.50%

Annual

6/21/2028

HUF

799,400,000

(

2,599

)

(

5,815

)

(

8,414

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/20/2028

HUF

556,700,000

2,954

(

7,925

)

(

4,971

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/20/2028

HUF

556,700,000

2,954

(

7,925

)

(

4,971

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/17/2031

HUF

19,400,000

62

(

763

)

(

701

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/17/2031

HUF

19,400,000

62

(

763

)

(

701

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/21/2028

EUR

8,400,000

(

24,320

)

1,788

(

22,532

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/21/2028

EUR

8,300,000

(

24,031

)

2,085

(

21,946

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

5,500,000

5,308

(

23,584

)

(

18,276

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

5,400,000

5,124

(

23,068

)

(

17,944

)

Receive

6M

NIBOR

Semi

4.50%

Annual

9/17/2036

NOK

41,000,000

(

18,853

)

(

10,886

)

(

29,739

)

Receive

6M

NIBOR

Semi

4.50%

Annual

9/17/2036

NOK

41,000,000

(

18,853

)

(

10,886

)

(

29,739

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

6/21/2028

CZK

132,700,000

(

15,393

)

(

8,783

)

(

24,176

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

6/21/2028

CZK

132,700,000

(

15,393

)

(

8,783

)

(

24,176

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

55,200,000

(

3,148

)

(

2,939

)

(

6,087

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

55,200,000

(

3,731

)

(

2,543

)

(

6,274

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

59,000,000

(

11,738

)

8,156

(

3,582

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

59,000,000

(

11,738

)

8,156

(

3,582

)

Receive

6M

WIBOR

Semi

4.50%

Annual

6/21/2028

PLN

6,200,000

(

6,153

)

5,033

(

1,120

)

Receive

6M

WIBOR

Semi

4.50%

Annual

6/21/2028

PLN

6,200,000

(

6,005

)

4,885

(

1,120

)

(

25,405,331

)

(

13,358,540

)

(

38,763,871

)

$

(

12,304,207

)

$

2,757,722

$

(

9,546,485

)

154

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Abbreviations:

1D:

1

Day

1W:

1

Week

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

(a)

Floating

rate

indices

at

March

31,

2026

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

2.27%

1

Day

Chile

Indice

de

Camara

Promedio

Interbank

Overnight

Index

(“CLICP”):

4.78%

1

Day

Colombia

Overnight

Interbank

Rate

(“IBR”):

9.64%

1

Day

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIEOIS”):

6.94%

1

Day

Mumbai

Interbank

Overnight

Rate

(“MIBOR”):

6.98%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

3.68%

1

Day

Shekel

Interbank

Offered

Rate

(“SHIRON”):

4.00%

1

Day

Singapore

Overnight

Rate

Average

(“SORA”):

1.00%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

3.73%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

-0.07%

1

Day

Thailand

Overnight

Repo

Rate

(“THOR”):

0.99%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.72%

1

Week

China

Fixing

Repo

Rate

(“CNREPOFIX_CFXS”):

1.49%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.31%

3

Month

Hong

Kong

Interbank

Offered

Rate

(“HIBOR”):

2.36%

3

Month

Johannesburg

Interbank

Agreed

Rate

(“JIBAR”):

6.75%

3

Month

Korean

Certificate

of

Deposit

(“CD_KSDA”):

2.82%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

2.19%

3

Month

Taiwan

Secondary

Markets

Bills

Rate

(“TWCPBA”):

1.68%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.78%

6

Month

Budapest

Interbank

Offered

Rate

(“BUBOR”):

6.62%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

2.48%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.66%

6

Month

Prague

Interbank

Offered

Rate

(“PRIBOR”):

3.62%

6

Month

Warsaw

Interbank

Offered

Rate

(“WIBOR”):

3.79%

Total

return

swap

contracts

outstanding

as

of

March

31,

2026

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Amsterdam

Exchange

Index

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

GSIN

04/17/2026

EUR

(2,873,520)

$

11,094

iBovespa

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/15/2026

BRL

11,425,645

37,449

Swiss

Market

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

Monthly

MLIN

06/19/2026

CHF

(31,680,000)

26,582

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

155

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

WIG20

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/19/2026

PLN

16,415,620

$

42,301

Consumer

Discretionary

Select

Sector

Total

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(0.37%)

Monthly

BANA

06/17/2026

USD

(4,867,995)

215,624

Energy

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.54%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

USD

233,737

597

Materials

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.56%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

USD

947,024

4,805

MSCI

Australia

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

BBR

plus

or

minus

a

specified

spread

(0.30%)

Monthly

GSIN

06/17/2026

AUD

(7,199,603)

142,883

MSCI

EMU

Consumer

Discretionary

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.51%)

Monthly

BANA

06/17/2026

EUR

(38,053)

3,267

156

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

EMU

Consumer

Staples

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.55%)

Monthly

BANA

06/17/2026

EUR

(352,141)

$

10,182

MSCI

EMU

Energy

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.33%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

EUR

302,102

52,547

MSCI

EMU

Health

Care

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.63%)

Monthly

BANA

06/17/2026

EUR

(944,835)

4,344

MSCI

EMU

Materials

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.63%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

EUR

14,656

858

MSCI

EMU

Real

Estate

Net

EUR

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.14%)

Monthly

GSIN

06/17/2026

EUR

(113,188)

7,662

MSCI

EMU

Telecommunications

Services

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(0.16%)

Monthly

BANA

06/17/2026

EUR

(544,373)

8,622

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

157

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

EMU

Utilities

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.16%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

EUR

498,702

$

11,537

MSCI

Europe

Small

Cap

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.54%)

Monthly

BANA

06/17/2026

EUR

(3,214,174)

18,789

MSCI

Hong

Kong

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

HIBOR

plus

or

minus

a

specified

spread

(0.60%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

HKD

27,961,553

14,272

MSCI

South

Africa

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

JIBAR

plus

or

minus

a

specified

spread

(-1.23%)

Monthly

GSIN

06/17/2026

ZAR

(167,132,573)

281,973

MSCI

Switzerland

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.28%)

Monthly

GSIN

06/17/2026

CHF

(2,395,291)

20,448

Real

Estate

Select

Sector

Total

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(0.44%)

Monthly

BANA

06/17/2026

USD

(1,694,488)

27,782

158

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Tel

Aviv

Stock

Exchange

35

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SHIRON

plus

or

minus

a

specified

spread

(-0.08%)

Monthly

BANA

06/17/2026

ILS

(9,221,725)

$

56,606

Tel

Aviv

Stock

Exchange

35

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SHIRON

plus

or

minus

a

specified

spread

(0.04%)

Monthly

GSIN

06/17/2026

ILS

(6,476,665)

89,496

Total

unrealized

appreciation

1,089,720

HSCEI

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/29/2026

HKD

9,610,550

(

10,298

)

KOSPI

200

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/11/2026

KRW

3,371,625,000

(

44,554

)

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/15/2026

TWD

223,678,000

(

402,529

)

Communication

Services

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.56%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

USD

38,192

(

1,955

)

Consumer

Staples

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.56%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

USD

643,517

(

17,654

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

159

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Financial

Select

Sector

Total

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(0.40%)

Monthly

BANA

06/17/2026

USD

(1,120,667)

$

(

7,417

)

Health

Care

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.56%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

USD

808,191

(

31,448

)

Industrial

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.56%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

USD

839,767

(

9,635

)

MSCI

China

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

HIBOR

plus

or

minus

a

specified

spread

(0.30%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

HKD

10,721,633

(

84,928

)

MSCI

EMU

Financials

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.95%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

EUR

178,045

(

5,500

)

MSCI

EMU

Industrials

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.01%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

EUR

270,793

(

21,383

)

160

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

EMU

Information

Technology

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.29%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

EUR

379,052

$

(

30,001

)

MSCI

Europe

Large

Cap

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.12%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

EUR

1,822,099

(

640

)

MSCI

Europe

Mid

Cap

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.44%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

EUR

1,627,198

(

37,840

)

MSCI

Italy

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.66%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

1,496,092

(

4,856

)

MSCI

Mexico

Net

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

TIIEOIS

plus

or

minus

a

specified

spread

(-0.75%)

Monthly

GSIN

06/17/2026

MXN

(72,836,867)

(

125,826

)

MSCI

Netherlands

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.30%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

6,732,169

(

493,655

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

161

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Singapore

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SORA

plus

or

minus

a

specified

spread

(0.45%)

Monthly

GSIN

06/17/2026

SGD

(4,236,501)

$

(

21,669

)

MSCI

Spain

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.08%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

596,213

(

11,203

)

MSCI

Sweden

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

STIBOR

plus

or

minus

a

specified

spread

(-1.25%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

SEK

32,387,496

(

133,324

)

MSCI

United

Kingdom

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

SONIA

plus

or

minus

a

specified

spread

(0.45%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

GBP

927,356

(

15,329

)

Technology

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.60%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

USD

3,932,708

(

188,255

)

Utilities

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.54%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

USD

768,692

(

968

)

Total

unrealized

depreciation

(

1,700,867

)

Net

unrealized

depreciation

$

(

611,147

)

162

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

263

4/2026

USD

$

27,344,110

$

166,785

Hang

Seng

Index

22

4/2026

HKD

3,472,747

(

55,828

)

HSCEI

219

4/2026

HKD

11,670,299

(

159,286

)

IBEX

35

Index

8

4/2026

EUR

1,568,858

(

29,875

)

MSCI

Singapore

Index

84

4/2026

SGD

2,852,485

6,090

Natural

Gas

190

4/2026

USD

5,479,600

(

436,386

)

OMXS30

Index

86

4/2026

SEK

2,652,681

(

82,057

)

RBOB

Gasoline

51

4/2026

USD

6,862,754

365,415

SGX

FTSE

Taiwan

Index

322

4/2026

USD

33,269,040

(

1,709,347

)

Sugar

No.

11

237

4/2026

USD

4,119,629

439,853

WTI

Crude

Oil

147

4/2026

USD

14,902,860

(

233,680

)

Coffee

'C'

58

5/2026

USD

6,489,113

134,575

Copper

38

5/2026

USD

5,333,300

29,934

KC

HRW

Wheat

14

5/2026

USD

444,850

(

1,863

)

Low

Sulphur

Gasoil

140

5/2026

USD

17,349,500

3,268,632

Silver

22

5/2026

USD

8,241,090

(

683,331

)

Soybean

Meal

256

5/2026

USD

8,099,840

(

25,775

)

100

oz

Gold

34

6/2026

USD

15,907,240

443,897

Euro

STOXX

50

Index

23

6/2026

EUR

1,460,821

(

2,409

)

Euro-Bobl

567

6/2026

EUR

75,780,080

(

71,491

)

Euro-Buxl

291

6/2026

EUR

37,207,297

(

255,115

)

Euro-OAT

314

6/2026

EUR

43,229,414

(

646,124

)

FTSE/MIB

Index

34

6/2026

EUR

8,562,444

(

16,613

)

KOSPI

200

Index

42

6/2026

KRW

5,136,373

(

662,130

)

Lean

Hogs

28

6/2026

USD

1,176,560

(

22,360

)

Live

Cattle

74

6/2026

USD

7,200,940

378,917

LME

Aluminum

Base

Metal

550

6/2026

USD

47,879,425

4,465,135

LME

Copper

Base

Metal

39

6/2026

USD

12,025,182

(

289,113

)

LME

Lead

Base

Metal

140

6/2026

USD

6,639,080

(

247,805

)

LME

Nickel

Base

Metal

98

6/2026

USD

10,046,562

(

161,633

)

LME

Zinc

Base

Metal

25

6/2026

USD

2,026,875

(

37,240

)

Long

Gilt

1,003

6/2026

GBP

117,251,053

(

4,365,594

)

MSCI

Emerging

Markets

Index

32

6/2026

USD

2,327,360

(

67,302

)

NASDAQ

100

E-Mini

Index

38

6/2026

USD

18,175,400

(

448,493

)

Russell

2000

E-Mini

Index

49

6/2026

USD

6,154,890

41,339

S&P

Midcap

400

E-Mini

Index

57

6/2026

USD

19,360,050

179,998

SET50

Index

597

6/2026

THB

3,480,630

27,332

TOPIX

Index

60

6/2026

JPY

13,247,220

(

596,301

)

U.S.

Treasury

2

Year

Note

1,211

6/2026

USD

251,254,117

175,350

U.S.

Treasury

5

Year

Note

159

6/2026

USD

17,199,328

(

99,349

)

3

Month

Euro

Euribor

509

9/2026

EUR

143,132,763

(

469,022

)

3

Month

CORRA

297

12/2026

CAD

51,997,951

(

94,187

)

3

Month

SARON

126

12/2026

CHF

39,353,333

(

22,053

)

3

Month

SONIA

30

12/2026

GBP

9,505,599

(

93,545

)

Phelix

De

Base

Electricity

17

12/2026

EUR

16,254,159

905,082

Platinum

4

2/2027

JPY

121,710

(

1,295

)

3

Month

CORRA

329

3/2027

CAD

57,499,910

(

128,663

)

3

Month

SARON

9

3/2027

CHF

2,808,138

(

9,639

)

3

Month

SOFR

539

3/2027

USD

129,858,575

(

75,719

)

3

Month

SONIA

238

3/2027

GBP

75,395,333

(

175,224

)

3

Month

SARON

16

6/2027

CHF

4,989,495

(

11,065

)

3

Month

SONIA

31

6/2027

GBP

9,820,401

(

98,869

)

90-Day

Australian

Bank

Bill

1,224

6/2027

AUD

834,783,297

(

287,372

)

3

Month

SARON

3

9/2027

CHF

935,483

(

1,228

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

163

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

3

Month

Euro

Euribor

27

6/2028

EUR

$

7,593,674

$

4,364

Total

of

long

contracts

(

1,841,683

)

Short

Contracts

CAC

40

10

Euro

Index

(

102

)

4/2026

EUR

(

9,225,417

)

63,069

IFSC

NIFTY

50

Index

(

16

)

4/2026

USD

(

719,408

)

17,211

Natural

Gas

(

25

)

4/2026

EUR

(

1,091,215

)

161,276

NY

Harbor

ULSD

(

199

)

4/2026

USD

(

34,383,140

)

(

2,452,806

)

SGX

FTSE

China

A50

Index

(

41

)

4/2026

USD

(

595,976

)

1,883

Cocoa

(

24

)

5/2026

USD

(

792,000

)

175,877

Cocoa

(

156

)

5/2026

GBP

(

5,135,197

)

370,142

Corn

(

228

)

5/2026

USD

(

5,218,350

)

(

7,060

)

Cotton

No.

2

(

95

)

5/2026

USD

(

3,325,000

)

(

267,579

)

Soybean

(

247

)

5/2026

USD

(

14,461,850

)

84,290

Soybean

Oil

(

4

)

5/2026

USD

(

165,312

)

(

6,034

)

Wheat

(

516

)

5/2026

USD

(

15,899,250

)

(

414,061

)

Australia

10

Year

Bond

(

755

)

6/2026

AUD

(

56,215,345

)

83,417

Australia

3

Year

Bond

(

33

)

6/2026

AUD

(

2,362,630

)

7,004

Canada

10

Year

Bond

(

608

)

6/2026

CAD

(

52,417,109

)

1,089,696

DAX

Index

(

59

)

6/2026

EUR

(

38,934,316

)

1,161,214

DJIA

CBOT

E-Mini

Index

(

97

)

6/2026

USD

(

22,592,270

)

97,135

Euro-BTP

(

122

)

6/2026

EUR

(

16,538,087

)

(

86,991

)

Euro-Bund

(

388

)

6/2026

EUR

(

56,377,139

)

509,911

Euro-Schatz

(

44

)

6/2026

EUR

(

5,382,239

)

47,063

FTSE

100

Index

(

1

)

6/2026

GBP

(

134,994

)

65

FTSE/JSE

Top

40

Index

(

203

)

6/2026

ZAR

(

12,822,846

)

27,602

Japan

10

Year

Bond

(

65

)

6/2026

JPY

(

53,423,648

)

422,278

LME

Aluminum

Base

Metal

(

122

)

6/2026

USD

(

10,620,527

)

(

243,813

)

LME

Copper

Base

Metal

(

127

)

6/2026

USD

(

39,158,926

)

2,177,934

LME

Lead

Base

Metal

(

87

)

6/2026

USD

(

4,125,714

)

59,478

LME

Nickel

Base

Metal

(

68

)

6/2026

USD

(

6,971,084

)

212,255

LME

Zinc

Base

Metal

(

162

)

6/2026

USD

(

13,134,150

)

118,384

MSCI

EAFE

Index

(

14

)

6/2026

USD

(

2,030,770

)

(

19,946

)

Nikkei

225

Index

(

4

)

6/2026

JPY

(

1,289,436

)

59,702

S&P

500

E-Mini

Index

(

221

)

6/2026

USD

(

72,606,787

)

1,083,043

S&P/TSX

60

Index

(

32

)

6/2026

CAD

(

8,777,169

)

(

154,289

)

SPI

200

Index

(

488

)

6/2026

AUD

(

71,657,241

)

811,168

U.S.

Treasury

10

Year

Note

(

597

)

6/2026

USD

(

66,257,672

)

322,126

U.S.

Treasury

Long

Bond

(

72

)

6/2026

USD

(

8,178,750

)

17,737

U.S.

Treasury

Ultra

Bond

(

89

)

6/2026

USD

(

10,349,031

)

96,216

Cocoa

(

5

)

7/2026

GBP

(

166,244

)

(

1,864

)

90-Day

Australian

Bank

Bill

(

195

)

9/2026

AUD

(

132,992,437

)

99,905

90-Day

New

Zealand

Bill

(

37

)

9/2026

NZD

(

21,110,058

)

638

3

Month

Euro

Euribor

(

57

)

12/2026

EUR

(

16,017,914

)

9,179

3

Month

SOFR

(

63

)

12/2026

USD

(

15,173,550

)

12,889

90-Day

Australian

Bank

Bill

(

1,481

)

12/2026

AUD

(

1,009,912,816

)

448,448

90-Day

New

Zealand

Bill

(

29

)

12/2026

NZD

(

16,529,938

)

2,596

ECX

Emission

(

80

)

12/2026

EUR

(

6,704,855

)

(

406,589

)

3

Month

Euro

Euribor

(

85

)

3/2027

EUR

(

23,877,766

)

65,642

90-Day

Australian

Bank

Bill

(

297

)

3/2027

AUD

(

202,533,028

)

108,875

90-Day

New

Zealand

Bill

(

23

)

3/2027

NZD

(

13,099,058

)

(

1,389

)

3

Month

CORRA

(

100

)

6/2027

CAD

(

17,452,016

)

24,098

3

Month

Euro

Euribor

(

32

)

6/2027

EUR

(

8,991,126

)

(

7,257

)

3

Month

SOFR

(

15

)

6/2027

USD

(

3,614,625

)

1,551

3

Month

CORRA

(

132

)

9/2027

CAD

(

23,025,987

)

(

1,288

)

3

Month

Euro

Euribor

(

44

)

9/2027

EUR

(

12,369,155

)

(

583

)

3

Month

SOFR

(

116

)

9/2027

USD

(

27,970,500

)

77,880

3

Month

SONIA

(

19

)

9/2027

GBP

(

6,022,413

)

(

10,491

)

164

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

3

Month

Euro

Euribor

(

51

)

12/2027

EUR

$

(

14,344,344

)

$

(

4,906

)

3

Month

SOFR

(

218

)

12/2027

USD

(

52,611,575

)

166,280

3

Month

SONIA

(

111

)

12/2027

GBP

(

35,212,955

)

190,198

3

Month

Euro

Euribor

(

38

)

3/2028

EUR

(

10,688,492

)

(

1,653

)

3

Month

SOFR

(

222

)

3/2028

USD

(

53,610,225

)

101,858

3

Month

SONIA

(

111

)

3/2028

GBP

(

35,238,666

)

165,495

3

Month

SOFR

(

219

)

6/2028

USD

(

52,883,025

)

24,678

3

Month

SONIA

(

108

)

6/2028

GBP

(

34,293,417

)

136,346

3

Month

SOFR

(

61

)

9/2028

USD

(

14,725,400

)

(

4,132

)

3

Month

SONIA

(

47

)

9/2028

GBP

(

14,927,098

)

33,753

Total

of

short

contracts

6,854,754

Net

unrealized

appreciation

$

5,013,071

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

4,390,000

USD

3,008,768

CITI

6/17/2026

$

16,695

AUD

4,390,000

USD

3,008,762

JPMC

6/17/2026

16,701

BRL

133,014,312

USD

24,848,823

CITI

**

6/17/2026

396,714

BRL

133,014,511

USD

24,848,810

JPMC

**

6/17/2026

396,764

CAD

6,806,501

USD

4,903,349

CITI

6/17/2026

5,947

CAD

6,806,499

USD

4,903,337

JPMC

6/17/2026

5,956

CHF

1,089,500

USD

1,373,936

CITI

6/17/2026

131

CHF

1,089,500

USD

1,373,934

JPMC

6/17/2026

133

CLP

550,000,001

USD

592,530

CITI

**

6/17/2026

1,656

CLP

550,000,000

USD

592,529

JPMC

**

6/17/2026

1,657

CNY

59,151,555

USD

8,616,265

CITI

**

6/17/2026

17,771

CNY

59,151,561

USD

8,616,249

JPMC

**

6/17/2026

17,788

COP

74,910,819,873

USD

19,590,124

CITI

**

6/17/2026

440,730

COP

74,910,819,873

USD

19,590,084

JPMC

**

6/17/2026

440,769

CZK

24,000,000

USD

1,128,573

CITI

6/17/2026

2,662

CZK

24,000,000

USD

1,128,571

JPMC

6/17/2026

2,664

EUR

8,309,559

USD

9,603,381

CITI

6/17/2026

35,013

EUR

8,309,561

USD

9,603,364

JPMC

6/17/2026

35,032

GBP

2,134,501

USD

2,819,289

CITI

6/17/2026

5,284

GBP

2,134,499

USD

2,819,281

JPMC

6/17/2026

5,289

HUF

2,277,866,384

USD

6,740,150

CITI

6/17/2026

73,691

HUF

2,208,425,283

USD

6,531,362

JPMC

6/17/2026

74,758

JPY

1,009,999,998

USD

6,367,777

CITI

6/17/2026

37,388

JPY

1,010,000,001

USD

6,367,764

JPMC

6/17/2026

37,400

KRW

7,050,000,000

USD

4,675,275

CITI

**

6/17/2026

21,604

KRW

7,050,000,000

USD

4,675,266

JPMC

**

6/17/2026

21,613

MXN

118,499,999

USD

6,507,944

CITI

6/17/2026

59,657

MXN

118,500,001

USD

6,507,931

JPMC

6/17/2026

59,670

NOK

27,500,000

USD

2,832,948

CITI

6/17/2026

5,275

NOK

27,500,000

USD

2,832,943

JPMC

6/17/2026

5,281

NZD

15,485,000

USD

8,884,557

CITI

6/17/2026

37,977

NZD

15,485,000

USD

8,884,539

JPMC

6/17/2026

37,994

PEN

797,346

USD

227,815

CITI

**

6/17/2026

376

PEN

797,346

USD

227,814

JPMC

**

6/17/2026

376

PLN

12,672,137

USD

3,398,134

CITI

6/17/2026

14,574

PLN

12,660,863

USD

3,395,107

JPMC

6/17/2026

14,566

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

165

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

THB

25,100,000

USD

762,188

CITI

6/17/2026

$

3,653

THB

25,400,000

USD

771,295

JPMC

6/17/2026

3,699

TWD

29,545,184

USD

917,998

CITI

**

6/17/2026

1,343

TWD

26,752,351

USD

831,136

JPMC

**

6/17/2026

1,303

USD

7,210,135

AUD

10,237,001

CITI

6/17/2026

155,086

USD

7,210,149

AUD

10,237,000

JPMC

6/17/2026

155,100

USD

24,957,331

CAD

34,056,916

CITI

6/17/2026

393,248

USD

24,957,380

CAD

34,056,914

JPMC

6/17/2026

393,298

USD

78,694,163

CHF

60,618,627

CITI

6/17/2026

2,242,529

USD

78,694,185

CHF

60,618,627

JPMC

6/17/2026

2,242,551

USD

12,134,370

CLP

10,729,710,191

CITI

**

6/17/2026

542,656

USD

12,134,394

CLP

10,729,710,191

JPMC

**

6/17/2026

542,681

USD

11,129,686

CNY

75,916,233

CITI

**

6/17/2026

48,600

USD

11,268,464

CNY

76,865,417

JPMC

**

6/17/2026

48,831

USD

26,381,338

CZK

544,847,999

CITI

6/17/2026

700,050

USD

26,380,906

CZK

544,847,999

JPMC

6/17/2026

699,617

USD

68,601,167

EUR

58,625,213

CITI

6/17/2026

600,817

USD

68,860,329

EUR

58,844,166

JPMC

6/17/2026

606,011

USD

61,189,936

GBP

45,708,303

CITI

6/17/2026

704,404

USD

61,190,060

GBP

45,708,304

JPMC

6/17/2026

704,526

USD

3,652,209

HUF

1,191,285,066

CITI

6/17/2026

88,687

USD

3,510,972

HUF

1,141,917,321

JPMC

6/17/2026

95,125

USD

5,658,225

IDR

95,750,000,001

CITI

**

6/17/2026

30,423

USD

5,658,236

IDR

95,749,999,999

JPMC

**

6/17/2026

30,434

USD

30,629,253

ILS

94,880,208

CITI

6/17/2026

383,528

USD

30,627,955

ILS

94,880,209

JPMC

6/17/2026

382,230

USD

27,970,042

INR

2,592,700,005

CITI

**

6/17/2026

651,983

USD

27,969,969

INR

2,592,699,999

JPMC

**

6/17/2026

651,910

USD

18,630,383

JPY

2,917,836,794

CITI

6/17/2026

126,200

USD

18,601,828

JPY

2,913,413,205

JPMC

6/17/2026

125,699

USD

19,384,679

KRW

28,573,329,443

CITI

**

6/17/2026

348,441

USD

19,384,765

KRW

28,573,333,881

JPMC

**

6/17/2026

348,525

USD

34,584,800

MXN

608,472,538

CITI

6/17/2026

861,555

USD

34,782,225

MXN

611,972,023

JPMC

6/17/2026

865,030

USD

2,253,762

NOK

21,635,635

CITI

6/17/2026

20,788

USD

2,199,229

NOK

21,114,361

JPMC

6/17/2026

20,055

USD

15,271,703

NZD

25,477,190

CITI

6/17/2026

591,621

USD

15,271,733

NZD

25,477,189

JPMC

6/17/2026

591,651

USD

8,892,802

PHP

534,236,111

CITI

**

6/17/2026

122,134

USD

8,892,834

PHP

534,236,113

JPMC

**

6/17/2026

122,166

USD

40,709,703

PLN

146,786,921

CITI

6/17/2026

1,178,805

USD

40,892,997

PLN

147,466,261

JPMC

6/17/2026

1,179,147

USD

17,057,542

SEK

155,613,167

CITI

6/17/2026

555,656

USD

17,057,523

SEK

155,613,167

JPMC

6/17/2026

555,637

USD

61,419,571

SGD

77,269,979

CITI

6/17/2026

995,843

USD

61,419,696

SGD

77,269,980

JPMC

6/17/2026

995,966

USD

18,882,338

THB

589,889,884

CITI

6/17/2026

883,864

USD

18,882,376

THB

589,889,880

JPMC

6/17/2026

883,902

USD

1,549,786

TWD

49,475,000

CITI

**

6/17/2026

10,299

USD

1,613,923

TWD

51,525,000

JPMC

**

6/17/2026

10,647

USD

11,356,275

ZAR

188,831,718

CITI

6/17/2026

261,697

USD

11,871,865

ZAR

197,257,094

JPMC

6/17/2026

282,264

ZAR

7,500,000

USD

434,621

CITI

6/17/2026

6,032

ZAR

7,500,000

USD

434,620

JPMC

6/17/2026

6,033

Total

unrealized

appreciation

27,401,536

AUD

45,213,006

USD

32,035,009

CITI

6/17/2026

(

875,496

)

AUD

45,213,005

USD

32,034,945

JPMC

6/17/2026

(

875,431

)

BRL

1,758,719

USD

334,536

CITI

**

6/17/2026

(

740

)

166

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MACRO

OPPORTUNITIES

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

BRL

1,758,719

USD

334,536

JPMC

**

6/17/2026

$

(

738

)

CAD

65,189,170

USD

47,830,725

CITI

6/17/2026

(

812,017

)

CAD

65,189,169

USD

47,830,628

JPMC

6/17/2026

(

811,921

)

CHF

1

USD

1

CITI

6/17/2026

–

(a)

CHF

1

USD

1

JPMC

6/17/2026

–

(a)

CLP

9,932,812,968

USD

11,037,907

CITI

**

6/17/2026

(

307,109

)

CLP

9,932,812,970

USD

11,037,885

JPMC

**

6/17/2026

(

307,089

)

CNY

92,603,411

USD

13,567,161

CITI

**

6/17/2026

(

50,338

)

CNY

93,552,597

USD

13,705,938

JPMC

**

6/17/2026

(

50,566

)

COP

5,600,000,000

USD

1,501,489

CITI

**

6/17/2026

(

4,072

)

COP

5,600,000,000

USD

1,501,486

JPMC

**

6/17/2026

(

4,069

)

CZK

73,500,000

USD

3,492,959

CITI

6/17/2026

(

28,553

)

CZK

73,500,000

USD

3,492,952

JPMC

6/17/2026

(

28,546

)

EUR

58,279,069

USD

68,614,063

CITI

6/17/2026

(

1,015,212

)

EUR

58,498,022

USD

68,872,783

JPMC

6/17/2026

(

1,019,964

)

GBP

36,509,499

USD

48,777,106

CITI

6/17/2026

(

464,298

)

GBP

36,509,503

USD

48,777,014

JPMC

6/17/2026

(

464,199

)

HUF

5,629,313,529

USD

17,342,312

CITI

6/17/2026

(

503,201

)

HUF

5,538,519,802

USD

17,119,071

JPMC

6/17/2026

(

551,555

)

IDR

8,116,975,790

USD

481,042

CITI

**

6/17/2026

(

3,959

)

IDR

8,116,975,789

USD

481,041

JPMC

**

6/17/2026

(

3,958

)

ILS

3,713,499

USD

1,195,449

CITI

6/17/2026

(

11,667

)

ILS

3,713,501

USD

1,195,447

JPMC

6/17/2026

(

11,665

)

INR

3,157,609,278

USD

34,390,007

CITI

**

6/17/2026

(

1,119,763

)

INR

3,157,609,272

USD

34,389,938

JPMC

**

6/17/2026

(

1,119,697

)

JPY

15,033,201,610

USD

96,912,761

CITI

6/17/2026

(

1,576,000

)

JPY

15,028,778,022

USD

96,883,906

JPMC

6/17/2026

(

1,575,197

)

KRW

96,483,990,475

USD

66,860,765

CITI

**

6/17/2026

(

2,580,815

)

KRW

96,483,994,913

USD

66,860,633

JPMC

**

6/17/2026

(

2,580,681

)

MXN

241,339,039

USD

13,582,549

CITI

6/17/2026

(

206,866

)

MXN

244,838,521

USD

13,780,097

JPMC

6/17/2026

(

210,466

)

NOK

208,532,194

USD

21,762,269

CITI

6/17/2026

(

240,048

)

NOK

204,962,254

USD

21,388,834

JPMC

6/17/2026

(

235,059

)

NZD

9,254,777

USD

5,477,662

CITI

6/17/2026

(

145,014

)

NZD

9,254,776

USD

5,477,651

JPMC

6/17/2026

(

145,004

)

PEN

10,365,331

USD

3,063,741

CITI

**

6/17/2026

(

97,314

)

PEN

10,365,331

USD

3,063,735

JPMC

**

6/17/2026

(

97,305

)

PHP

496,284,722

USD

8,534,371

CITI

**

6/17/2026

(

386,760

)

PHP

496,284,724

USD

8,534,354

JPMC

**

6/17/2026

(

386,743

)

PLN

33,836,620

USD

9,203,412

CITI

6/17/2026

(

90,940

)

PLN

34,479,226

USD

9,378,050

JPMC

6/17/2026

(

92,516

)

SEK

57,838,728

USD

6,335,382

CITI

6/17/2026

(

201,915

)

SEK

57,838,728

USD

6,335,367

JPMC

6/17/2026

(

201,902

)

SGD

2,006,000

USD

1,573,813

CITI

6/17/2026

(

5,158

)

SGD

2,006,000

USD

1,573,810

JPMC

6/17/2026

(

5,154

)

THB

205,650,002

USD

6,495,865

CITI

6/17/2026

(

221,155

)

THB

205,349,998

USD

6,481,373

JPMC

6/17/2026

(

215,819

)

TWD

1,714,653,440

USD

54,427,468

CITI

**

6/17/2026

(

1,073,518

)

TWD

1,719,496,273

USD

54,578,718

JPMC

**

6/17/2026

(

1,074,074

)

USD

14,637,465

BRL

78,513,494

CITI

**

6/17/2026

(

264,054

)

USD

14,637,531

BRL

78,513,692

JPMC

**

6/17/2026

(

264,025

)

USD

440,593

CAD

611,500

CITI

6/17/2026

(

461

)

USD

440,594

CAD

611,500

JPMC

6/17/2026

(

460

)

USD

3,607,224

CHF

2,861,000

CITI

6/17/2026

(

1,042

)

USD

3,607,232

CHF

2,861,000

JPMC

6/17/2026

(

1,034

)

USD

7,584,594

CNY

52,088,031

CITI

**

6/17/2026

(

18,417

)

USD

7,584,610

CNY

52,088,039

JPMC

**

6/17/2026

(

18,402

)

USD

2,869,778

COP

10,850,000,000

CITI

**

6/17/2026

(

31,468

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

167

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

2,864,791

COP

10,850,000,000

JPMC

**

6/17/2026

$

(

36,455

)

USD

1,687,979

CZK

36,000,000

CITI

6/17/2026

(

8,873

)

USD

1,687,982

CZK

36,000,000

JPMC

6/17/2026

(

8,870

)

USD

33,099,099

EUR

28,633,691

CITI

6/17/2026

(

113,591

)

USD

33,099,166

EUR

28,633,692

JPMC

6/17/2026

(

113,525

)

USD

10,425,601

GBP

7,900,499

CITI

6/17/2026

(

29,084

)

USD

10,425,624

GBP

7,900,501

JPMC

6/17/2026

(

29,063

)

USD

3,731,994

HUF

1,264,717,275

CITI

6/17/2026

(

51,188

)

USD

3,405,709

HUF

1,153,850,192

JPMC

6/17/2026

(

45,833

)

USD

2,435,226

IDR

41,500,000,000

CITI

**

6/17/2026

(

3,978

)

USD

2,435,231

IDR

41,500,000,000

JPMC

**

6/17/2026

(

3,973

)

USD

4,114,964

ILS

12,991,499

CITI

6/17/2026

(

26,441

)

USD

4,114,973

ILS

12,991,501

JPMC

6/17/2026

(

26,432

)

USD

3,365,191

INR

320,000,000

CITI

**

6/17/2026

(

6,498

)

USD

3,365,198

INR

320,000,000

JPMC

**

6/17/2026

(

6,491

)

USD

28,708,708

JPY

4,539,999,998

CITI

6/17/2026

(

82,824

)

USD

28,708,765

JPY

4,540,000,002

JPMC

6/17/2026

(

82,766

)

USD

3,030,165

KRW

4,580,834,990

CITI

**

6/17/2026

(

21,697

)

USD

3,031,674

KRW

4,580,834,990

JPMC

**

6/17/2026

(

20,188

)

USD

2,767,161

MXN

50,000,000

CITI

6/17/2026

(

3,978

)

USD

2,767,167

MXN

50,000,000

JPMC

6/17/2026

(

3,972

)

USD

5,436,995

NOK

53,024,333

CITI

6/17/2026

(

35,548

)

USD

5,123,391

NOK

49,975,667

JPMC

6/17/2026

(

34,504

)

USD

1,966,566

PHP

120,000,000

CITI

**

6/17/2026

(

3,499

)

USD

1,966,570

PHP

120,000,000

JPMC

**

6/17/2026

(

3,496

)

USD

895,451

PLN

3,334,296

CITI

6/17/2026

(

2,502

)

USD

882,536

PLN

3,286,289

JPMC

6/17/2026

(

2,488

)

USD

8,854,937

SEK

84,000,000

CITI

6/17/2026

(

52,782

)

USD

8,854,955

SEK

84,000,000

JPMC

6/17/2026

(

52,764

)

USD

12,049,702

ZAR

205,886,706

CITI

6/17/2026

(

46,922

)

USD

12,049,726

ZAR

205,886,706

JPMC

6/17/2026

(

46,898

)

ZAR

211,456,717

USD

12,978,285

CITI

6/17/2026

(

554,403

)

ZAR

219,882,093

USD

13,480,958

JPMC

6/17/2026

(

562,053

)

Total

unrealized

depreciation

(

26,814,188

)

Net

unrealized

appreciation

$

587,348

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

(a)

Represents

less

than

$0.5.

168

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

172.8%

COMMON

STOCKS

-

93.4%

Communication

Services

-

4

.0

%

Diversified

Telecommunication

Services

-

1

.8

%

AT&T,

Inc.

(a)

317,893

9,215,718

Comcast

Corp.,

Class

A

(a)

259,483

7,449,757

Deutsche

Telekom

AG

(Registered)

(Germany)

(2)(a)

83,603

3,120,337

Elisa

OYJ

(Finland)

(2)(a)

61,786

3,009,622

GCI

Liberty,

Inc.,

Class

C

*(a)(b)

14,543

541,145

HKT

Trust

&

HKT

Ltd.

(Hong

Kong)

(2)(a)

210,000

328,166

Iridium

Communications,

Inc.

(a)(b)

198,463

5,505,364

Liberty

Global

Ltd.,

Class

A

(Belgium)

*(a)

391,731

4,736,028

Orange

SA

(France)

(2)(a)

230,103

4,717,815

Quebecor,

Inc.,

Class

B

(Canada)

(a)

7,115

302,123

Singapore

Telecommunications

Ltd.

(Singapore)

476,900

1,832,376

Telenor

ASA

(Norway)

(a)

115,089

2,024,152

Telia

Co.

AB

(Sweden)

(2)(a)

1,431,715

7,335,070

Verizon

Communications,

Inc.

(a)

71,337

3,581,117

53,698,790

Entertainment

-

0

.3

%

Roku,

Inc.,

Class

A

*(a)

16,321

1,544,293

Square

Enix

Holdings

Co.

Ltd.

(Japan)

(2)(a)

184,700

2,943,377

Warner

Music

Group

Corp.,

Class

A

(a)

198,909

5,080,136

9,567,806

Interactive

Media

&

Services

-

0

.4

%

IAC,

Inc.

*(a)(b)

62,909

2,518,247

Meta

Platforms,

Inc.,

Class

A

(a)(b)

10,111

5,784,806

ZoomInfo

Technologies,

Inc.,

Class

A

*(a)(b)

591,354

3,536,297

11,839,350

Media

-

1

.1

%

Charter

Communications,

Inc.,

Class

A

*(a)(b)

32,701

7,059,492

CyberAgent,

Inc.

(Japan)

(2)(a)

131,000

1,120,726

DoubleVerify

Holdings,

Inc.

*(a)

76,168

723,596

ITV

plc

(United

Kingdom)

(2)(a)

315,818

319,406

New

York

Times

Co.

(The),

Class

A

(a)

72,816

6,096,884

News

Corp.,

Class

A

(a)(b)

106,963

2,666,587

Omnicom

Group,

Inc.

(a)(b)

38,683

2,913,217

Sirius

XM

Holdings,

Inc.

(a)(b)

71,462

1,649,343

TBS

Holdings,

Inc.

(Japan)

(2)(a)

75,500

2,720,376

Versant

Media

Group,

Inc.

*(a)

174,913

6,475,279

31,744,906

INVESTMENTS

SHARES

VALUE

($)

Wireless

Telecommunication

Services

-

0

.4

%

Freenet

AG

(Germany)

(2)(a)

49,697

1,530,217

T-Mobile

US,

Inc.

(a)

16,454

3,455,834

Vodafone

Group

plc

(United

Kingdom)

(2)(a)

5,267,870

7,945,801

12,931,852

Total

Communication

Services

119,782,704

Consumer

Discretionary

-

11

.2

%

Automobile

Components

-

1

.1

%

Aisin

Corp.

(Japan)

(2)(a)

78,500

1,105,917

Autoliv,

Inc.

(Sweden)

(a)(b)

20,518

2,157,673

BorgWarner,

Inc.

(a)

22,877

1,241,306

Continental

AG

(Germany)

(2)(a)

31,057

2,168,001

Goodyear

Tire

&

Rubber

Co.

(The)

*(a)(b)

661,934

4,388,622

Lear

Corp.

(a)

8,402

1,017,314

Magna

International,

Inc.

(Canada)

(a)

53,672

2,997,468

Niterra

Co.

Ltd.

(Japan)

(2)(a)

112,700

5,313,982

Pirelli

&

C

SpA

(Italy)

(2)(a)(c)

143,710

994,395

Sumitomo

Electric

Industries

Ltd.

(Japan)

(2)(a)

145,600

8,273,005

Valeo

SE

(France)

(2)(a)

255,105

3,123,979

32,781,662

Automobiles

-

0

.6

%

Ford

Motor

Co.

(a)

113,378

1,308,382

General

Motors

Co.

(a)

128,806

9,596,047

Lucid

Group,

Inc.

*(a)(b)

230,600

2,197,618

Mazda

Motor

Corp.

(Japan)

(2)(a)

346,400

2,369,304

Mercedes-Benz

Group

AG

(Germany)

(2)(a)

17,323

1,064,722

Renault

SA

(France)

(2)(a)

42,582

1,459,877

Rivian

Automotive,

Inc.,

Class

A

*(a)

(b)

81,334

1,224,077

19,220,027

Broadline

Retail

-

0

.8

%

Amazon.com,

Inc.

*(a)

12,491

2,601,501

Canadian

Tire

Corp.

Ltd.,

Class

A

(Canada)

(a)

5,320

715,452

Isetan

Mitsukoshi

Holdings

Ltd.

(Japan)

(2)(a)

503,900

9,284,579

Macy's,

Inc.

(a)

513,461

9,288,510

Ryohin

Keikaku

Co.

Ltd.

(Japan)

(2)

(a)

172,600

3,683,216

25,573,258

Distributors

-

0

.4

%

Genuine

Parts

Co.

(a)(b)

113,621

12,015,421

Inchcape

plc

(United

Kingdom)

(a)

40,267

399,730

12,415,151

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

169

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Diversified

Consumer

Services

-

0

.5

%

Bright

Horizons

Family

Solutions,

Inc.

*(a)

53,689

4,409,478

Duolingo,

Inc.,

Class

A

*(a)(b)

22,922

2,259,422

Graham

Holdings

Co.,

Class

B

(a)

4,335

4,583,222

Grand

Canyon

Education,

Inc.

*(a)

2,531

430,346

Pearson

plc

(United

Kingdom)

(2)(a)

37,299

491,745

Service

Corp.

International

(a)(b)

23,689

1,954,579

14,128,792

Hotels,

Restaurants

&

Leisure

-

2

.4

%

Airbnb,

Inc.,

Class

A

*(a)

18,207

2,299,180

Aramark

(a)

120,742

4,894,881

Booking

Holdings,

Inc.

(a)

995

4,189,268

Caesars

Entertainment,

Inc.

*(a)(b)

59,059

1,560,929

Carnival

Corp.

(a)

86,468

2,237,792

Chipotle

Mexican

Grill,

Inc.,

Class

A

*(a)

101,943

3,263,195

Compass

Group

plc

(United

Kingdom)

(2)(a)

20,407

569,374

Darden

Restaurants,

Inc.

(a)

39,614

7,765,929

DraftKings,

Inc.,

Class

A

*(a)

105,538

2,281,732

Expedia

Group,

Inc.

(a)

11,948

2,758,674

InterContinental

Hotels

Group

plc

(2)(a)

25,762

3,397,360

Las

Vegas

Sands

Corp.

(a)

145,633

7,846,706

McDonald's

Corp.

(a)(b)

16,634

5,169,681

MGM

Resorts

International

*(a)(b)

31,892

1,180,323

Penn

Entertainment,

Inc.

*(a)(b)

136,988

2,058,930

Texas

Roadhouse,

Inc.,

Class

A

(a)

(b)

72,882

12,035,733

Travel

+

Leisure

Co.

(a)

55,834

3,863,154

Viking

Holdings

Ltd.

*(a)

55,370

4,068,588

71,441,429

Household

Durables

-

1

.6

%

Electrolux

AB,

Class

B

(Sweden)

(2)*(a)

132,632

841,889

Garmin

Ltd.

(a)

33,537

7,780,919

Iida

Group

Holdings

Co.

Ltd.

(Japan)

(2)(a)

19,100

293,836

Lennar

Corp.,

Class

A

(a)(b)

103,601

8,996,711

Mohawk

Industries,

Inc.

*(a)(b)

86,079

8,475,338

Newell

Brands,

Inc.

158,437

543,439

Panasonic

Holdings

Corp.

(Japan)

(2)(a)

380,000

6,373,117

Taylor

Morrison

Home

Corp.,

Class

A

*(a)

152,081

8,857,198

Toll

Brothers,

Inc.

(a)

37,184

5,074,501

47,236,948

Leisure

Products

-

0

.5

%

Bandai

Namco

Holdings,

Inc.

(Japan)

(2)(a)

87,600

2,161,128

Brunswick

Corp.

(a)(b)

52,806

3,842,165

Hasbro,

Inc.

(a)

70,106

6,561,922

Polaris,

Inc.

(a)

45,075

2,456,587

INVESTMENTS

SHARES

VALUE

($)

Leisure

Products

-

0.5%

(continued)

YETI

Holdings,

Inc.

*(a)(b)

25,082

917,750

15,939,552

Specialty

Retail

-

2

.4

%

Abercrombie

&

Fitch

Co.,

Class

A

*(a)

111,945

10,228,415

Aritzia,

Inc.

(Canada)

*(a)

20,493

1,672,321

AutoNation,

Inc.

*(a)

8,234

1,607,771

Avolta

AG

(Switzerland)

(2)*(a)

49,770

2,984,028

Bath

&

Body

Works,

Inc.

(a)

147,956

2,762,338

Best

Buy

Co.,

Inc.

(a)

18,212

1,169,210

Burlington

Stores,

Inc.

*(a)

7,948

2,586,120

CarMax,

Inc.

*(a)

157,982

6,568,891

Five

Below,

Inc.

*(a)

1,210

276,461

Gap,

Inc.

(The)

(a)

16,799

406,536

H

&

M

Hennes

&

Mauritz

AB,

Class

B

(Sweden)

(2)(a)

96,196

1,799,717

JB

Hi-Fi

Ltd.

(Australia)

(2)(a)

57,593

2,914,143

Penske

Automotive

Group,

Inc.

(a)

(b)

2,530

378,286

Ross

Stores,

Inc.

(a)

37,121

8,041,522

Shimamura

Co.

Ltd.

(Japan)

(2)(a)

98,700

2,066,448

TJX

Cos.,

Inc.

(The)

(a)

59,470

9,497,359

USS

Co.

Ltd.

(Japan)

(2)(a)

199,800

2,101,658

Wayfair,

Inc.,

Class

A

*(a)

40,337

3,033,746

Williams-Sonoma,

Inc.

(a)

42,689

7,783,485

Zalando

SE

(Germany)

(2)*(a)(c)

115,009

2,809,755

70,688,210

Textiles,

Apparel

&

Luxury

Goods

-

0

.9

%

Burberry

Group

plc

(United

Kingdom)

(2)*(a)

37,144

543,495

Columbia

Sportswear

Co.

(a)

19,069

1,045,172

Deckers

Outdoor

Corp.

*(a)

61,240

6,129,512

HUGO

BOSS

AG

(Germany)

(2)(a)

110,591

4,787,035

Pandora

A/S

(Denmark)

(2)(a)

84,432

6,034,686

PVH

Corp.

(a)(b)

12,977

905,275

Ralph

Lauren

Corp.,

Class

A

(a)

5,418

1,863,738

Tapestry,

Inc.

(a)

24,231

3,419,236

Under

Armour,

Inc.,

Class

A

*(a)(b)

110,437

652,683

VF

Corp.

(a)(b)

51,242

870,602

26,251,434

Total

Consumer

Discretionary

335,676,463

Consumer

Staples

-

4

.8

%

Beverages

-

1

.0

%

Anheuser-Busch

InBev

SA/NV

(Belgium)

(2)(a)

30,499

2,110,107

Asahi

Group

Holdings

Ltd.

(Japan)

(2)(a)

137,900

1,376,881

Boston

Beer

Co.,

Inc.

(The),

Class

A

*(a)

5,692

1,311,437

Carlsberg

A/S,

Class

B

(Denmark)

(a)

4,451

552,967

Coca-Cola

Consolidated,

Inc.

(a)

32,692

6,268,364

Coca-Cola

HBC

AG

(Italy)

(2)(a)

5,004

281,871

170

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Beverages

-

1.0%

(continued)

Kirin

Holdings

Co.

Ltd.

(Japan)

(2)

(a)

538,000

8,557,529

PepsiCo,

Inc.

(a)

53,097

8,245,433

Royal

Unibrew

A/S

(Denmark)

(a)

2,796

226,830

28,931,419

Consumer

Staples

Distribution

&

Retail

-

1

.9

%

Albertsons

Cos.,

Inc.,

Class

A

(a)(b)

58,650

999,396

Carrefour

SA

(France)

(2)(a)

612,833

11,347,128

Costco

Wholesale

Corp.

(a)

8,853

8,821,395

Dollar

General

Corp.

(a)

2,435

289,107

Empire

Co.

Ltd.,

Class

A

(Canada)

(a)

60,523

2,167,968

George

Weston

Ltd.

(Canada)

(a)

30,633

2,164,195

Kroger

Co.

(The)

(a)

113,322

8,199,980

Marks

&

Spencer

Group

plc

(United

Kingdom)

(2)(a)

552,377

2,488,858

Metro,

Inc.,

Class

A

(Canada)

(a)

17,640

1,206,941

Seven

&

i

Holdings

Co.

Ltd.

(Japan)

(2)(a)

22,600

303,962

Sprouts

Farmers

Market,

Inc.

*(a)(b)

89,859

6,930,825

Target

Corp.

(a)

75,401

9,138,601

Tesco

plc

(United

Kingdom)

(2)(a)

542,062

3,406,876

57,465,232

Food

Products

-

1

.0

%

Archer-Daniels-Midland

Co.

(a)

35,146

2,554,763

Danone

SA

(France)

(2)(a)

5,849

467,377

Darling

Ingredients,

Inc.

*(a)

45,199

2,795,558

Ingredion,

Inc.

(a)

54,621

6,153,602

Marzetti

Co.

(The)

(a)

6,260

865,946

MEIJI

Holdings

Co.

Ltd.

(Japan)

(2)

(a)

79,700

1,943,698

Pilgrim's

Pride

Corp.

(a)

21,051

794,886

Saputo,

Inc.

(Canada)

(a)

9,518

297,356

Seaboard

Corp.

(a)

231

1,306,079

Toyo

Suisan

Kaisha

Ltd.

(Japan)

(2)

(a)

41,600

2,925,551

Tyson

Foods,

Inc.,

Class

A

(a)

105,866

6,782,834

WH

Group

Ltd.

(Hong

Kong)

(2)(a)

(c)

1,400,000

1,840,212

Yamazaki

Baking

Co.

Ltd.

(Japan)

(2)(a)

122,300

2,733,779

31,461,641

Household

Products

-

0

.3

%

Colgate-Palmolive

Co.

(a)

3,430

292,339

Essity

AB,

Class

B

(Sweden)

(2)(a)

39,720

1,023,696

Reckitt

Benckiser

Group

plc

(United

Kingdom)

(2)(a)

65,884

4,430,063

Reynolds

Consumer

Products,

Inc.

(a)

126,290

2,674,822

8,420,920

Personal

Care

Products

-

0

.1

%

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

(a)(b)

38,215

2,742,691

INVESTMENTS

SHARES

VALUE

($)

Tobacco

-

0

.5

%

Altria

Group,

Inc.

(a)

40,278

2,657,945

British

American

Tobacco

plc

(United

Kingdom)

(2)(a)

41,835

2,428,891

Imperial

Brands

plc

(United

Kingdom)

(2)(a)

47,136

1,911,262

Philip

Morris

International,

Inc.

(a)

39,892

6,595,743

13,593,841

Total

Consumer

Staples

142,615,744

Energy

-

3

.5

%

Energy

Equipment

&

Services

-

0

.4

%

Halliburton

Co.

(a)(b)

29,521

1,151,024

Saipem

SpA

(Italy)

(2)(a)

777,716

3,558,324

SBM

Offshore

NV

(Netherlands)

(2)

(a)

12,745

508,242

TechnipFMC

plc

(United

Kingdom)

(a)

108,860

7,525,492

12,743,082

Oil,

Gas

&

Consumable

Fuels

-

3

.1

%

Antero

Resources

Corp.

*(a)

29,041

1,232,500

ARC

Resources

Ltd.

(Canada)

(a)

78,762

1,639,106

BP

plc

(2)(a)

183,605

1,437,040

Canadian

Natural

Resources

Ltd.

(Canada)

(a)

106,249

5,182,990

Cenovus

Energy,

Inc.

(Canada)

(a)

109,164

2,897,229

CNX

Resources

Corp.

*(a)(b)

22,805

879,133

ConocoPhillips

(a)(b)

61,157

8,072,724

DCC

plc

(United

Kingdom)

(2)(a)

4,033

249,792

Devon

Energy

Corp.

(a)(b)

54,227

2,728,703

ENEOS

Holdings,

Inc.

(Japan)

(2)(a)

125,000

1,126,267

Eni

SpA

(Italy)

(2)(a)

55,015

1,564,285

EQT

Corp.

(a)(b)

51,135

3,254,231

Equinor

ASA

(Norway)

(2)(a)

108,948

4,641,663

Exxon

Mobil

Corp.

(a)

16,291

2,763,931

Frontline

plc

(Norway)

(2)(a)

45,397

1,595,044

Gaztransport

Et

Technigaz

SA

(France)

(2)(a)

4,871

1,145,629

Harbour

Energy

plc

(United

Kingdom)

(2)(a)

305,320

1,214,086

HF

Sinclair

Corp.

(a)

62,603

3,905,801

Idemitsu

Kosan

Co.

Ltd.

(Japan)

(2)

(a)

143,200

1,405,868

Kinder

Morgan,

Inc.

(a)

78,349

2,627,042

Koninklijke

Vopak

NV

(Netherlands)

(2)(a)

21,459

1,161,472

Murphy

Oil

Corp.

(a)(b)

59,501

2,454,416

Occidental

Petroleum

Corp.

(a)(b)

101,806

6,617,390

Ovintiv,

Inc.

(a)

37,089

2,201,603

PBF

Energy,

Inc.,

Class

A

(a)

32,739

1,559,031

Phillips

66

(a)

16,479

3,002,144

Repsol

SA

(Spain)

(2)(a)

200,891

5,654,775

Suncor

Energy,

Inc.

(Canada)

(a)

23,926

1,582,511

TotalEnergies

SE

(France)

(2)(a)

158,345

14,531,976

Tourmaline

Oil

Corp.

(Canada)

(a)

8,742

418,404

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

171

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Oil,

Gas

&

Consumable

Fuels

-

3.1%

(continued)

Whitehaven

Coal

Ltd.

(Australia)

(2)

(a)

263,764

1,701,921

90,448,707

Total

Energy

103,191,789

Financials

-

16

.0

%

Banks

-

6

.5

%

ABN

AMRO

Bank

NV,

CVA

(Netherlands)

(2)(a)(c)

49,323

1,563,579

ANZ

Group

Holdings

Ltd.

(Australia)

(2)(a)

23,020

578,844

Banco

Bilbao

Vizcaya

Argentaria

SA

(Spain)

(2)(a)

203,796

4,401,906

Banco

Comercial

Portugues

SA,

Class

R

(Portugal)

(2)

962,015

936,972

Banco

Santander

SA

(Spain)

(2)(a)

34,106

382,353

Bank

of

America

Corp.

(a)

49,916

2,433,405

Bank

of

Nova

Scotia

(The)

(Canada)

(a)

79,223

5,493,956

Barclays

plc

(United

Kingdom)

(2)(a)

1,316,407

6,889,395

BNP

Paribas

SA

(France)

(2)(a)

156,372

14,896,563

BOC

Hong

Kong

Holdings

Ltd.

(China)

(2)(a)

240,500

1,326,840

BOK

Financial

Corp.

(a)

2,728

349,348

CaixaBank

SA

(Spain)

(2)(a)

390,867

4,685,580

Canadian

Imperial

Bank

of

Commerce

(Canada)

(a)

15,082

1,429,380

Citigroup,

Inc.

(a)

61,512

6,976,076

Citizens

Financial

Group,

Inc.

(a)

91,973

5,515,621

Commerce

Bancshares,

Inc.

(a)

7,044

346,565

Concordia

Financial

Group

Ltd.

(Japan)

(2)(a)

210,600

1,879,857

Credit

Agricole

SA

(France)

(2)(a)

603,669

11,267,089

Danske

Bank

A/S

(Denmark)

(2)(a)

117,958

5,813,276

East

West

Bancorp,

Inc.

(a)

29,401

3,138,851

First

Horizon

Corp.

(a)

42,108

958,378

Fukuoka

Financial

Group,

Inc.

(Japan)

(2)(a)

129,900

4,974,594

Intesa

Sanpaolo

SpA

(Italy)

(2)(a)

564,854

3,416,172

Iyogin

Holdings,

Inc.

(Japan)

(2)(a)

49,000

905,280

Japan

Post

Bank

Co.

Ltd.

(Japan)

(2)(a)

64,700

1,055,271

Jyske

Bank

A/S

(Registered)

(Denmark)

(2)(a)

9,098

1,248,450

KBC

Group

NV

(Belgium)

(2)(a)

55,301

6,768,400

KeyCorp

(a)(b)

170,973

3,428,009

Kyoto

Financial

Group,

Inc.

(Japan)

(2)(a)

75,200

1,981,410

Lloyds

Banking

Group

plc

(United

Kingdom)

(2)(a)

4,518,872

5,600,849

Mizuho

Financial

Group,

Inc.

(Japan)

(2)(a)

183,500

7,428,771

NatWest

Group

plc

(United

Kingdom)

(2)(a)

669,256

4,957,813

Nordea

Bank

Abp

(Finland)

(2)(a)

154,957

2,668,230

Oversea-Chinese

Banking

Corp.

Ltd.

(Singapore)

(2)

110,400

1,890,905

INVESTMENTS

SHARES

VALUE

($)

Banks

-

6.5%

(continued)

PNC

Financial

Services

Group,

Inc.

(The)

(a)

13,174

2,741,378

Popular,

Inc.

(a)

28,447

3,816,734

Prosperity

Bancshares,

Inc.

(a)(b)

56,533

3,797,887

Resona

Holdings,

Inc.

(Japan)

(2)(a)

542,700

6,190,984

Royal

Bank

of

Canada

(Canada)

(a)

7,958

1,286,460

Shizuoka

Financial

Group,

Inc.

(Japan)

(2)(a)

274,100

4,551,310

Societe

Generale

SA

(France)

(2)(a)

148,886

10,871,195

Sumitomo

Mitsui

Trust

Group,

Inc.

(Japan)

(2)(a)

270,200

8,607,664

Svenska

Handelsbanken

AB,

Class

A

(Sweden)

(2)(a)

118,898

1,567,518

Swedbank

AB,

Class

A

(Sweden)

(2)(a)

108,139

3,685,758

Texas

Capital

Bancshares,

Inc.

*(a)

48,512

4,602,819

Toronto-Dominion

Bank

(The)

(Canada)

(a)

31,402

2,932,750

Unicaja

Banco

SA

(Spain)

(2)(a)(c)

270,946

804,098

UniCredit

SpA

(Italy)

(2)(a)

94,139

6,753,890

US

Bancorp

(a)

57,520

2,991,615

Wintrust

Financial

Corp.

(a)(b)

7,021

975,498

Zions

Bancorp

NA

(a)

36,000

2,074,320

195,839,866

Capital

Markets

-

2

.6

%

Ameriprise

Financial,

Inc.

(a)

5,198

2,309,991

Amundi

SA

(France)

(2)(a)(c)

4,182

359,392

Azimut

Holding

SpA

(Italy)

(2)(a)

34,863

1,324,685

Bank

of

New

York

Mellon

Corp.

(The)

(a)

61,252

7,266,325

Brookfield

Corp.,

Class

A

(Canada)

(a)

36,490

1,478,644

CME

Group,

Inc.

(a)

5,159

1,523,711

Deutsche

Bank

AG

(Registered)

(Germany)

(2)(a)

81,959

2,439,107

Evercore,

Inc.,

Class

A

(a)(b)

12,023

3,588,986

Federated

Hermes,

Inc.,

Class

B

(a)(b)

55,446

3,144,343

Goldman

Sachs

Group,

Inc.

(The)

(a)(b)

8,601

7,276,360

Invesco

Ltd.

(a)

216,506

5,258,931

MarketAxess

Holdings,

Inc.

(a)

9,599

1,583,643

Morningstar,

Inc.

(a)

1,736

293,471

Nasdaq,

Inc.

(a)(b)

19,791

1,680,058

Nomura

Holdings,

Inc.

(Japan)

(2)(a)

1,192,500

9,389,791

Northern

Trust

Corp.

(a)

28,674

4,002,030

Onex

Corp.

(Canada)

(a)

4,753

346,865

State

Street

Corp.

44,295

5,605,975

Stifel

Financial

Corp.

(a)

80,797

5,972,514

Swissquote

Group

Holding

SA

(Registered)

(Switzerland)

(2)(a)

1,456

723,252

UBS

Group

AG

(Registered)

(Switzerland)

(2)(a)

229,229

8,938,417

Virtu

Financial,

Inc.,

Class

A

(a)(b)

91,588

4,028,040

78,534,531

172

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Consumer

Finance

-

0

.8

%

Ally

Financial,

Inc.

(a)

103,113

4,045,123

American

Express

Co.

(a)

9,166

2,772,532

Capital

One

Financial

Corp.

(a)

67,587

12,329,896

FirstCash

Holdings,

Inc.

(a)

3,151

592,388

OneMain

Holdings,

Inc.

(a)

78,927

4,221,805

23,961,744

Financial

Services

-

1

.4

%

Corebridge

Financial,

Inc.

(a)

12,375

295,268

Essent

Group

Ltd.

(a)

38,684

2,260,693

Fidelity

National

Information

Services,

Inc.

(a)(b)

215,699

10,118,440

Fiserv,

Inc.

*(a)(b)

9,784

545,947

MGIC

Investment

Corp.

(a)

90,221

2,368,301

Nexi

SpA

(Italy)

(2)(a)(c)

859,235

3,200,576

ORIX

Corp.

(Japan)

(2)(a)

109,100

3,237,145

PayPal

Holdings,

Inc.

(a)(b)

114,434

5,175,850

Poste

Italiane

SpA

(Italy)

(2)(a)(c)

120,731

2,841,857

Sony

Financial

Group,

Inc.

(Japan)

(2)

3,791,700

3,473,403

Tokyo

Century

Corp.

(Japan)

(2)(a)

47,100

609,684

Western

Union

Co.

(The)

(a)(b)

428,699

3,742,542

WEX,

Inc.

*(a)

20,583

3,150,023

41,019,729

Insurance

-

4

.7

%

Aegon

Ltd.

(2)(a)

991,922

7,254,150

Ageas

SA/NV

(Belgium)

(2)(a)

23,296

1,714,888

AIA

Group

Ltd.

(Hong

Kong)

(2)(a)

131,400

1,460,029

Allianz

SE

(Registered)

(Germany)

(2)(a)

14,036

5,927,664

Allstate

Corp.

(The)

(a)

10,145

2,103,464

American

International

Group,

Inc.

(a)(b)

62,379

4,694,020

ASR

Nederland

NV

(Netherlands)

(2)(a)

10,582

728,537

Assured

Guaranty

Ltd.

(a)

29,496

2,403,334

Axis

Capital

Holdings

Ltd.

(a)

45,525

4,616,690

Chubb

Ltd.

(a)

27,723

9,035,757

Cincinnati

Financial

Corp.

(a)

4,753

747,885

CNO

Financial

Group,

Inc.

(a)

68,107

2,796,473

Daiichi

Life

Group,

Inc.

(Japan)

(2)

(a)

422,400

3,895,371

Everest

Group

Ltd.

(a)

19,325

6,316,376

Fairfax

Financial

Holdings

Ltd.

(Canada)

(a)

976

1,663,024

Globe

Life,

Inc.

(a)

11,648

1,621,052

Hanover

Insurance

Group,

Inc.

(The)

(a)

18,464

3,200,734

iA

Financial

Corp.,

Inc.

(Canada)

(a)

9,697

1,076,143

Japan

Post

Insurance

Co.

Ltd.

(Japan)

(2)(a)

98,400

992,423

Manulife

Financial

Corp.

(Canada)

(a)

123,556

4,256,203

MetLife,

Inc.

(a)

123,467

8,731,586

MS&AD

Insurance

Group

Holdings,

Inc.

(Japan)

(2)(a)

145,900

3,807,345

INVESTMENTS

SHARES

VALUE

($)

Insurance

-

4.7%

(continued)

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

(Registered)

(Germany)

(2)(a)

3,503

2,212,289

NN

Group

NV

(Netherlands)

(2)(a)

103,025

8,045,832

Primerica,

Inc.

(a)

1,290

323,119

Principal

Financial

Group,

Inc.

(a)(b)

38,269

3,448,420

QBE

Insurance

Group

Ltd.

(Australia)

(2)(a)

44,740

660,217

Reinsurance

Group

of

America,

Inc.

(a)

31,204

6,370,609

RenaissanceRe

Holdings

Ltd.

(a)

10,541

3,133,101

SCOR

SE

(France)

(2)(a)

50,107

1,790,842

Selective

Insurance

Group,

Inc.

(a)

63,974

4,823,000

Storebrand

ASA

(Norway)

(2)(a)

33,948

612,754

T&D

Holdings,

Inc.

(Japan)

(2)(a)

42,300

1,083,495

Talanx

AG

(Germany)

(2)(a)

8,765

1,087,624

Travelers

Cos.,

Inc.

(The)

(a)

40,004

11,668,367

Unipol

Assicurazioni

SpA

(Italy)

(2)

(a)

188,984

4,390,131

Unum

Group

(a)

47,797

3,490,615

Zurich

Insurance

Group

AG

(Switzerland)

(2)(a)

12,432

8,787,168

140,970,731

Total

Financials

480,326,601

Health

Care

-

8

.8

%

Biotechnology

-

1

.7

%

Biogen,

Inc.

*(a)

18,025

3,304,523

BioMarin

Pharmaceutical,

Inc.

*(a)

133,309

7,530,626

Exelixis,

Inc.

*(a)

118,726

5,092,158

Genmab

A/S

(Denmark)

(2)*(a)

7,167

1,930,227

Halozyme

Therapeutics,

Inc.

*(a)(b)

50,868

3,287,599

Incyte

Corp.

*(a)

42,574

4,007,065

Neurocrine

Biosciences,

Inc.

*(a)

41,887

5,518,193

Regeneron

Pharmaceuticals,

Inc.

(a)

7,995

6,177,257

Roivant

Sciences

Ltd.

*(a)

51,985

1,439,985

Sarepta

Therapeutics,

Inc.

*(a)(b)

122,615

2,668,102

Ultragenyx

Pharmaceutical,

Inc.

*(a)

(b)

244,513

5,122,547

United

Therapeutics

Corp.

*(a)

8,606

5,103,186

51,181,468

Health

Care

Equipment

&

Supplies

-

1

.0

%

Align

Technology,

Inc.

*(a)

3,891

667,034

Asahi

Intecc

Co.

Ltd.

(Japan)

(2)(a)

158,300

3,380,345

Convatec

Group

plc

(United

Kingdom)

(2)(a)(c)

142,297

410,447

Cooper

Cos.,

Inc.

(The)

*(a)

4,140

296,010

DENTSPLY

SIRONA,

Inc.

(a)

357,120

4,142,592

Dexcom,

Inc.

*(a)(b)

11,670

732,876

Edwards

Lifesciences

Corp.

*(a)(b)

29,146

2,334,012

Envista

Holdings

Corp.

*(a)

83,989

2,130,801

Globus

Medical,

Inc.,

Class

A

*(a)(b)

6,771

583,389

Haemonetics

Corp.

*(a)

30,217

1,703,030

Lantheus

Holdings,

Inc.

*(a)(b)

50,223

3,809,415

LivaNova

plc

*(a)

63,158

4,014,322

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

173

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Health

Care

Equipment

&

Supplies

-

1.0%

(continued)

Solventum

Corp.

*(a)(b)

33,856

2,210,797

STERIS

plc

(a)(b)

5,071

1,121,350

Stryker

Corp.

(a)

9,139

3,002,984

30,539,404

Health

Care

Providers

&

Services

-

1

.1

%

Centene

Corp.

*(a)

109,939

3,599,403

Chemed

Corp.

(a)

8,771

3,313,157

Cigna

Group

(The)

(a)(b)

18,817

5,019,435

DaVita,

Inc.

*(a)(b)

22,432

3,447,574

Encompass

Health

Corp.

(a)

18,825

1,820,942

Fresenius

Medical

Care

AG

(Germany)

(2)(a)

68,132

3,087,575

HCA

Healthcare,

Inc.

(a)

5,749

2,720,657

Molina

Healthcare,

Inc.

*(a)(b)

53,741

7,163,675

Tenet

Healthcare

Corp.

*(a)

11,365

2,144,689

Universal

Health

Services,

Inc.,

Class

B

(a)

10,042

1,797,217

34,114,324

Health

Care

Technology

-

0

.5

%

Pro

Medicus

Ltd.

(Australia)

(2)(a)

53,296

4,392,492

Veeva

Systems,

Inc.,

Class

A

*(a)

60,250

10,583,515

14,976,007

Life

Sciences

Tools

&

Services

-

1

.3

%

Agilent

Technologies,

Inc.

(a)

25,608

2,918,800

Avantor,

Inc.

*(a)(b)

154,492

1,211,217

Bio-Rad

Laboratories,

Inc.,

Class

A

*(a)(b)

6,585

1,835,569

Danaher

Corp.

(a)

50,983

9,666,377

Illumina,

Inc.

*(a)

51,589

6,358,860

IQVIA

Holdings,

Inc.

*(a)(b)

15,955

2,720,966

Medpace

Holdings,

Inc.

*(a)(b)

11,860

5,695,053

Mettler-Toledo

International,

Inc.

*(a)

2,886

3,639,823

Sotera

Health

Co.

*(a)

21,016

301,370

West

Pharmaceutical

Services,

Inc.

(a)

15,628

3,917,002

38,265,037

Pharmaceuticals

-

3

.2

%

Astellas

Pharma,

Inc.

(Japan)

(2)(a)

698,200

11,381,928

Bayer

AG

(Registered)

(Germany)

(2)(a)

109,619

5,072,973

Bristol-Myers

Squibb

Co.

(a)

299,030

18,136,170

Eli

Lilly

&

Co.

(a)

611

561,979

GSK

plc

(2)(a)

114,322

3,149,054

Ipsen

SA

(France)

(2)(a)

5,728

1,070,470

Jazz

Pharmaceuticals

plc

*(a)

27,349

5,170,328

Merck

&

Co.,

Inc.

(a)

67,664

8,139,303

Novartis

AG

(Registered)

(2)(a)

110,478

16,957,758

Ono

Pharmaceutical

Co.

Ltd.

(Japan)

(2)(a)

112,000

1,797,601

Organon

&

Co.

(a)(b)

66,893

400,689

Otsuka

Holdings

Co.

Ltd.

(Japan)

(2)(a)

59,400

4,215,670

Pfizer,

Inc.

(a)

208,964

5,867,709

INVESTMENTS

SHARES

VALUE

($)

Pharmaceuticals

-

3.2%

(continued)

Royalty

Pharma

plc,

Class

A

(a)

112,481

5,395,714

Sanofi

SA

(2)(a)

40,124

3,874,768

Shionogi

&

Co.

Ltd.

(Japan)

(2)(a)

62,200

1,375,923

UCB

SA

(Belgium)

(2)(a)

7,650

2,304,920

Viatris,

Inc.

(a)

67,243

908,453

95,781,410

Total

Health

Care

264,857,650

Industrials

-

20

.3

%

Aerospace

&

Defense

-

3

.2

%

Airbus

SE

(France)

(2)(a)

11,901

2,250,157

ATI,

Inc.

*(a)

26,102

3,796,797

BWX

Technologies,

Inc.

(a)(b)

16,526

3,379,402

Carpenter

Technology

Corp.

(a)

10,376

4,089,700

Curtiss-Wright

Corp.

(a)

5,091

3,467,582

Dassault

Aviation

SA

(France)

(2)(a)

7,053

2,625,146

General

Dynamics

Corp.

(a)

24,284

8,334,754

Huntington

Ingalls

Industries,

Inc.

(a)

4,750

1,804,525

Kongsberg

Gruppen

ASA

(Norway)

(a)

131,713

5,614,490

Leonardo

DRS,

Inc.

(a)

24,523

1,091,764

Leonardo

SpA

(Italy)

(2)(a)

98,890

6,726,445

Lockheed

Martin

Corp.

(a)

20,997

12,690,377

Northrop

Grumman

Corp.

(a)(b)

6,516

4,445,476

Rheinmetall

AG

(Germany)

(2)(a)

4,614

7,782,832

RTX

Corp.

(a)

8,034

1,549,759

Saab

AB,

Class

B

(Sweden)

(2)(a)

91,052

5,959,332

Safran

SA

(France)

(2)(a)

13,504

4,418,905

Singapore

Technologies

Engineering

Ltd.

(Singapore)

(2)

294,400

2,498,642

Textron,

Inc.

(a)(b)

114,149

9,994,886

Thales

SA

(France)

(2)(a)

6,440

1,888,499

Woodward,

Inc.

(a)

8,131

2,910,247

97,319,717

Air

Freight

&

Logistics

-

1

.0

%

FedEx

Corp.

(a)

45,780

16,305,920

NIPPON

EXPRESS

HOLDINGS,

Inc.

(Japan)

(2)(a)

153,100

3,460,199

United

Parcel

Service,

Inc.,

Class

B

(a)(b)

90,373

8,890,896

28,657,015

Building

Products

-

1

.0

%

AGC,

Inc.

(Japan)

(2)(a)

97,000

3,436,469

Allegion

plc

(a)

17,968

2,610,571

Armstrong

World

Industries,

Inc.

(a)

13,513

2,226,942

Carlisle

Cos.,

Inc.

(a)(b)

6,129

2,044,757

Johnson

Controls

International

plc

(a)

38,384

5,026,385

Lennox

International,

Inc.

(a)

4,366

2,026,392

Masco

Corp.

(a)

92,135

5,562,190

Owens

Corning

(a)

26,416

2,858,739

Sanwa

Holdings

Corp.

(Japan)

(2)

(a)

38,500

875,577

Simpson

Manufacturing

Co.,

Inc.

(a)

11,306

1,940,336

174

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Building

Products

-

1.0%

(continued)

UFP

Industries,

Inc.

(a)(b)

4,667

429,924

29,038,282

Commercial

Services

&

Supplies

-

0

.6

%

Brambles

Ltd.

(Australia)

(2)(a)

162,642

2,552,548

Clean

Harbors,

Inc.

*(a)

5,797

1,662,174

Dai

Nippon

Printing

Co.

Ltd.

(Japan)

(2)(a)

169,600

3,090,111

ISS

A/S

(Denmark)

(2)(a)

93,576

3,408,393

TOPPAN

Holdings,

Inc.

(Japan)

(2)

(a)

70,500

1,859,415

Veralto

Corp.

(a)

18,995

1,679,538

Waste

Connections,

Inc.

(a)

24,920

4,048,005

18,300,184

Construction

&

Engineering

-

2

.0

%

ACS

Actividades

de

Construccion

y

Servicios

SA

(Spain)

(2)(a)

25,271

3,081,934

AECOM

(a)

6,468

548,616

Bouygues

SA

(France)

(2)(a)

5,032

291,638

Comfort

Systems

USA,

Inc.

(a)

7,135

9,839,094

Eiffage

SA

(France)

(2)(a)

22,156

3,398,013

EMCOR

Group,

Inc.

(a)

7,843

5,790,565

Everus

Construction

Group,

Inc.

*(a)

12,481

1,473,507

Fluor

Corp.

*(a)

48,035

2,240,833

Kajima

Corp.

(Japan)

(2)(a)

161,000

6,141,936

Kandenko

Co.

Ltd.

(Japan)

(2)(a)

59,400

2,255,989

Kinden

Corp.

(Japan)

(2)(a)

112,300

5,052,207

MasTec,

Inc.

*(a)

12,381

3,983,463

Obayashi

Corp.

(Japan)

(2)(a)

213,100

5,161,382

Shimizu

Corp.

(Japan)

(2)(a)

340,500

6,108,951

Stantec,

Inc.

(Canada)

(a)

4,251

367,497

Taisei

Corp.

(Japan)

(2)(a)

34,400

3,563,900

Vinci

SA

(France)

(2)(a)

8,615

1,293,105

60,592,630

Electrical

Equipment

-

1

.6

%

ABB

Ltd.

(Registered)

(Switzerland)

(2)(a)

107,942

8,776,544

Accelleron

Industries

AG

(Switzerland)

(2)(a)

12,859

1,162,277

Acuity,

Inc.

(a)

17,233

4,829,031

EnerSys

(a)

5,624

977,001

Furukawa

Electric

Co.

Ltd.

(Japan)

(2)(a)

13,300

2,553,336

Mitsubishi

Electric

Corp.

(Japan)

(2)

(a)

47,200

1,543,775

Nordex

SE

(Germany)

(2)*(a)

18,531

1,004,241

nVent

Electric

plc

(a)

24,033

2,842,623

Siemens

Energy

AG

(Germany)

(2)

(a)

54,663

9,426,611

Signify

NV

(2)(a)(c)

77,801

1,657,099

Vertiv

Holdings

Co.,

Class

A

(a)

38,857

9,736,787

Vestas

Wind

Systems

A/S

(Denmark)

(2)(a)

140,168

4,229,001

48,738,326

INVESTMENTS

SHARES

VALUE

($)

Ground

Transportation

-

1

.5

%

Aurizon

Holdings

Ltd.

(Australia)

(2)

(a)

107,967

298,045

Central

Japan

Railway

Co.

(Japan)

(2)(a)

98,700

2,566,318

CSX

Corp.

(a)(b)

64,275

2,638,489

JB

Hunt

Transport

Services,

Inc.

(a)

37,758

8,000,920

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

(a)

110,468

6,360,747

Landstar

System,

Inc.

(a)

43,043

6,900,223

Ryder

System,

Inc.

(a)

18,771

3,842,611

Saia,

Inc.

*(a)(b)

17,985

6,317,771

Schneider

National,

Inc.,

Class

B

(a)

48,986

1,291,271

TFI

International,

Inc.

(Canada)

(a)

2,774

301,947

Union

Pacific

Corp.

(a)(b)

21,133

5,127,289

West

Japan

Railway

Co.

(Japan)

(a)

31,900

628,734

44,274,365

Industrial

Conglomerates

-

0

.5

%

3M

Co.

(a)

30,288

4,398,726

CK

Hutchison

Holdings

Ltd.

(United

Kingdom)

(2)(a)

148,000

1,136,052

Hikari

Tsushin,

Inc.

(Japan)

(2)(a)

2,900

737,792

Honeywell

International,

Inc.

(a)

41,793

9,446,472

15,719,042

Machinery

-

3

.4

%

Alfa

Laval

AB

(Sweden)

(2)(a)

45,443

2,485,731

Allison

Transmission

Holdings,

Inc.

(a)

22,706

2,657,964

Caterpillar,

Inc.

(a)(b)

15,014

10,636,818

CNH

Industrial

NV

(a)

323,186

3,555,046

Cummins,

Inc.

(a)

15,165

8,159,073

Daimler

Truck

Holding

AG

(Germany)

(2)(a)

61,999

3,053,191

Donaldson

Co.,

Inc.

(a)

17,812

1,511,704

Dover

Corp.

(a)(b)

19,609

4,087,496

FANUC

Corp.

(Japan)

(2)(a)

8,100

282,341

Fincantieri

SpA

(Italy)

(2)*(a)

152,077

2,346,616

Flowserve

Corp.

(a)(b)

23,482

1,726,162

Gates

Industrial

Corp.

plc

*(a)

56,027

1,266,771

GEA

Group

AG

(Germany)

(2)(a)

5,129

367,840

Hitachi

Construction

Machinery

Co.

Ltd.

(Japan)

(2)(a)

12,500

429,215

Illinois

Tool

Works,

Inc.

(a)

2,917

759,266

IMI

plc

(United

Kingdom)

(2)(a)

52,647

1,790,999

ITT,

Inc.

(a)

13,748

2,619,406

Kawasaki

Heavy

Industries

Ltd.

(Japan)

(2)(a)

209,500

3,940,097

Knorr-Bremse

AG

(Germany)

(2)(a)

3,255

371,890

Komatsu

Ltd.

(Japan)

(2)(a)

29,900

1,190,635

Konecranes

OYJ

(Finland)

(2)(a)

38,703

1,270,260

Kubota

Corp.

(Japan)

(2)(a)

21,600

346,144

Lincoln

Electric

Holdings,

Inc.

(a)

9,188

2,288,547

Metso

OYJ

(Finland)

(2)(a)

16,800

291,149

Mueller

Industries,

Inc.

(a)(b)

82,071

9,093,467

NGK

Corp.

(Japan)

(2)(a)

56,300

1,451,000

Oshkosh

Corp.

(a)(b)

16,468

2,424,254

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

175

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Machinery

-

3.4%

(continued)

Pentair

plc

(a)

14,898

1,297,765

Sandvik

AB

(Sweden)

(2)(a)

61,829

2,376,821

Snap-on,

Inc.

(a)

8,559

3,108,800

Toro

Co.

(The)

(a)

31,924

2,982,979

Toyota

Industries

Corp.

(Japan)

(2)

7,152

924,896

Wartsila

OYJ

Abp

(Finland)

(2)(a)

272,230

10,140,022

Watts

Water

Technologies,

Inc.,

Class

A

(a)

3,190

926,025

Westinghouse

Air

Brake

Technologies

Corp.

(a)(b)

19,943

4,983,955

Yangzijiang

Shipbuilding

Holdings

Ltd.

(China)

(2)

1,457,700

4,329,939

101,474,284

Marine

Transportation

-

0

.9

%

AP

Moller

-

Maersk

A/S,

Class

B

(2)

(a)

1,922

4,800,929

Kawasaki

Kisen

Kaisha

Ltd.

(Japan)

(2)(a)

135,400

2,286,990

Mitsui

OSK

Lines

Ltd.

(Japan)

(2)(a)

259,200

10,772,560

Nippon

Yusen

KK

(Japan)

(2)(a)

197,400

7,251,445

SITC

International

Holdings

Co.

Ltd.

(China)

(2)(a)

94,000

411,581

25,523,505

Passenger

Airlines

-

1

.1

%

Air

France-KLM

(France)

(2)*(a)

98,218

995,473

American

Airlines

Group,

Inc.

*(a)(b)

222,566

2,390,359

ANA

Holdings,

Inc.

(Japan)

(2)(a)

210,200

3,764,526

Delta

Air

Lines,

Inc.

(a)

103,077

6,852,559

Deutsche

Lufthansa

AG

(Registered)

(Germany)

(2)(a)

462,647

3,939,802

easyJet

plc

(United

Kingdom)

(2)(a)

429,769

1,999,637

International

Consolidated

Airlines

Group

SA

(United

Kingdom)

(2)(a)

1,524,404

7,235,298

Japan

Airlines

Co.

Ltd.

(Japan)

(2)

(a)

154,800

2,527,328

Qantas

Airways

Ltd.

(Australia)

(2)

(a)

228,967

1,345,010

United

Airlines

Holdings,

Inc.

*(a)

28,403

2,615,064

33,665,056

Professional

Services

-

1

.9

%

Booz

Allen

Hamilton

Holding

Corp.,

Class

A

(a)

54,433

4,247,407

CACI

International,

Inc.,

Class

A

*(a)

7,655

4,163,325

Computershare

Ltd.

(Australia)

(2)

(a)

48,020

947,073

Concentrix

Corp.

(a)

213,598

5,844,041

ExlService

Holdings,

Inc.

*(a)

74,840

2,278,878

Genpact

Ltd.

(a)

184,168

6,860,258

Jacobs

Solutions,

Inc.

(a)

39,723

5,055,944

Leidos

Holdings,

Inc.

(a)

15,748

2,449,129

ManpowerGroup,

Inc.

(a)

143,981

4,241,680

Paylocity

Holding

Corp.

*(a)

8,579

926,875

Science

Applications

International

Corp.

(a)

92,302

8,761,306

INVESTMENTS

SHARES

VALUE

($)

Professional

Services

-

1.9%

(continued)

SS&C

Technologies

Holdings,

Inc.

(a)

149,502

10,101,850

TransUnion

(a)(b)

36,670

2,537,197

58,414,963

Trading

Companies

&

Distributors

-

1

.4

%

Air

Lease

Corp.,

Class

A

(a)

6,836

443,930

Applied

Industrial

Technologies,

Inc.

(a)

22,215

5,894,084

Ferguson

Enterprises,

Inc.

(a)

5,493

1,281,297

Finning

International,

Inc.

(Canada)

(a)

29,772

1,842,264

Marubeni

Corp.

(Japan)

(2)(a)

85,100

3,113,123

Mitsui

&

Co.

Ltd.

(Japan)

(2)(a)

142,100

5,492,545

Rexel

SA

(France)

(2)(a)

8,149

322,913

SGH

Ltd.

(Australia)

(2)(a)

17,910

509,557

SiteOne

Landscape

Supply,

Inc.

*(a)

2,151

286,320

Sojitz

Corp.

(Japan)

(2)(a)

198,600

7,863,944

Sumitomo

Corp.

(Japan)

(2)(a)

95,500

3,573,521

Toromont

Industries

Ltd.

(Canada)

(a)

8,144

1,140,195

Toyota

Tsusho

Corp.

(Japan)

(2)(a)

65,600

2,542,444

WESCO

International,

Inc.

(a)(b)

20,846

5,703,883

WW

Grainger,

Inc.

(a)(b)

1,289

1,406,054

41,416,074

Transportation

Infrastructure

-

0

.2

%

Aena

SME

SA

(Spain)

(a)(c)

58,230

1,717,627

Flughafen

Zurich

AG

(Registered)

(Switzerland)

(2)(a)

10,827

3,390,324

Fraport

AG

Frankfurt

Airport

Services

Worldwide

(Germany)

(2)*(a)

4,664

406,309

5,514,260

Total

Industrials

608,647,703

Information

Technology

-

10

.2

%

Communications

Equipment

-

0

.3

%

Telefonaktiebolaget

LM

Ericsson,

Class

B

(Sweden)

(2)(a)

716,587

8,169,261

Electronic

Equipment,

Instruments

&

Components

-

1

.6

%

Advanced

Energy

Industries,

Inc.

(a)(b)

838

270,431

Amphenol

Corp.,

Class

A

(a)

14,605

1,845,342

Arrow

Electronics,

Inc.

*(a)(b)

44,918

6,441,690

Avnet,

Inc.

(a)

75,784

4,669,810

Azbil

Corp.

(Japan)

(2)(a)

39,500

345,134

Celestica,

Inc.

(Canada)

*(a)

26,627

7,511,299

Fabrinet

(Thailand)

*(a)(b)

1,058

551,768

Flex

Ltd.

*(a)

9,039

591,693

Hirose

Electric

Co.

Ltd.

(Japan)

(2)

(a)

2,800

366,559

Ingram

Micro

Holding

Corp.

(a)

56,190

1,309,789

Kyocera

Corp.

(Japan)

(2)(a)

260,000

3,986,722

Murata

Manufacturing

Co.

Ltd.

(Japan)

(2)(a)

211,500

4,745,474

TD

SYNNEX

Corp.

(a)

18,752

3,163,650

176

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Electronic

Equipment,

Instruments

&

Components

-

1.6%

(continued)

TDK

Corp.

(Japan)

(2)(a)

154,500

2,006,998

TE

Connectivity

plc

(Switzerland)

(a)

16,467

3,441,932

TTM

Technologies,

Inc.

*(a)(b)

9,689

943,902

Yokogawa

Electric

Corp.

(Japan)

(2)(a)

153,600

4,746,818

46,939,011

IT

Services

-

1

.7

%

Accenture

plc,

Class

A

(a)

46,371

9,194,906

Akamai

Technologies,

Inc.

*(a)(b)

49,730

5,711,491

Amdocs

Ltd.

(a)

122,924

8,022,020

DXC

Technology

Co.

*(a)(b)

387,251

4,867,745

Fujitsu

Ltd.

(Japan)

(2)(a)

78,800

1,611,512

International

Business

Machines

Corp.

(a)(b)

42,066

10,196,378

Kyndryl

Holdings,

Inc.

*(a)

365,544

4,795,937

VeriSign,

Inc.

(a)

25,206

6,260,162

50,660,151

Semiconductors

&

Semiconductor

Equipment

-

2

.7

%

Advantest

Corp.

(Japan)

(2)(a)

41,000

5,658,274

Amkor

Technology,

Inc.

(a)

150,370

6,771,161

ASM

International

NV

(Netherlands)

(2)(a)

3,439

2,606,600

ASML

Holding

NV

(Netherlands)

(2)

(a)

6,436

8,558,314

BE

Semiconductor

Industries

NV

(Netherlands)

(2)(a)

12,088

2,589,175

Broadcom,

Inc.

(a)

6,044

1,870,678

Cirrus

Logic,

Inc.

*(a)

2,262

327,130

Disco

Corp.

(Japan)

(2)(a)

2,300

937,442

First

Solar,

Inc.

*(a)

14,192

2,799,514

GLOBALFOUNDRIES,

Inc.

*(a)

120,855

5,375,630

Intel

Corp.

*(a)(b)

150,330

6,634,063

Lam

Research

Corp.

(a)

41,256

8,814,757

Micron

Technology,

Inc.

(a)

40,328

13,624,412

MKS,

Inc.

(a)

10,159

2,334,640

Onto

Innovation,

Inc.

*(a)

27,048

5,546,733

Rambus,

Inc.

*(a)

46,456

3,996,610

Teradyne,

Inc.

(a)

12,153

3,602,878

82,048,011

Software

-

3

.0

%

Adobe,

Inc.

*(a)

74,565

18,125,260

AppLovin

Corp.,

Class

A

*(a)(b)

1,483

590,234

Atlassian

Corp.,

Class

A

*(a)

73,058

4,986,209

Aurora

Innovation,

Inc.

*(a)(b)

272,002

1,120,648

Autodesk,

Inc.

*(a)

19,820

4,744,908

Datadog,

Inc.,

Class

A

*(a)

4,961

585,646

Docusign,

Inc.,

Class

A

*(a)

176,244

8,355,728

Fair

Isaac

Corp.

*(a)(b)

2,630

2,807,630

Fortinet,

Inc.

*(a)

114,852

9,385,706

Gen

Digital,

Inc.

(a)(b)

62,387

1,174,747

nCino,

Inc.

*(a)

152,743

2,288,090

Nutanix,

Inc.,

Class

A

*(a)

142,538

5,417,869

Oracle

Corp.

(a)

23,282

3,425,015

INVESTMENTS

SHARES

VALUE

($)

Software

-

3.0%

(continued)

Palantir

Technologies,

Inc.,

Class

A

*(a)(b)

23,789

3,479,855

Pegasystems,

Inc.

(a)

34,590

1,472,150

RingCentral,

Inc.,

Class

A

(a)(b)

118,931

4,423,044

SentinelOne,

Inc.,

Class

A

*(a)(b)

49,177

633,400

Technology

One

Ltd.

(Australia)

(2)

(a)

102,115

1,938,382

Temenos

AG

(Registered)

(Switzerland)

(2)(a)

20,218

1,772,034

Teradata

Corp.

*(a)(b)

15,000

384,450

Trimble,

Inc.

*(a)(b)

94,328

6,153,016

Unity

Software,

Inc.

*(a)(b)

26,614

583,911

Zoom

Communications,

Inc.,

Class

A

*(a)

73,683

5,923,376

89,771,308

Technology

Hardware,

Storage

&

Peripherals

-

0

.9

%

Brother

Industries

Ltd.

(Japan)

(2)(a)

53,600

992,299

Canon,

Inc.

(Japan)

(2)(a)

38,900

1,079,372

Dell

Technologies,

Inc.,

Class

C

(a)

3,735

613,025

Hewlett

Packard

Enterprise

Co.

(a)

(b)

290,403

6,914,495

Logitech

International

SA

(Registered)

(Switzerland)

(2)(a)

5,429

504,162

Sandisk

Corp.

*(a)

9,305

5,911,839

Seagate

Technology

Holdings

plc

(a)

15,720

6,158,467

Seiko

Epson

Corp.

(Japan)

(2)(a)

190,400

2,353,955

Western

Digital

Corp.

(a)(b)

14,759

3,992,162

28,519,776

Total

Information

Technology

306,107,518

Materials

-

8

.0

%

Chemicals

-

2

.6

%

Albemarle

Corp.

(a)

22,059

3,960,252

Ashland,

Inc.

(a)(b)

8,572

476,689

Cabot

Corp.

(a)(b)

3,639

274,053

CF

Industries

Holdings,

Inc.

(a)(b)

69,505

9,024,529

Corteva,

Inc.

(a)

41,118

3,441,988

Dow,

Inc.

(a)(b)

289,180

12,044,347

DSM-Firmenich

AG

(Switzerland)

(2)(a)

41,176

2,945,075

DuPont

de

Nemours,

Inc.

(a)(b)

19,133

876,291

Evonik

Industries

AG

(Germany)

(2)

(a)

187,802

3,685,177

Huntsman

Corp.

(a)

502,322

6,685,906

LANXESS

AG

(Germany)

(2)(a)

62,325

1,377,946

Linde

plc

3,814

1,890,829

LyondellBasell

Industries

NV,

Class

A

(a)(b)

75,432

6,076,802

Mitsubishi

Chemical

Group

Corp.

(Japan)

(2)(a)

276,700

1,617,624

Mitsui

Chemicals,

Inc.

(Japan)

(2)(a)

100,400

1,212,829

Mosaic

Co.

(The)

(a)

309,783

7,899,467

NewMarket

Corp.

(a)(b)

896

574,291

Nissan

Chemical

Corp.

(Japan)

(2)

(a)

35,400

1,376,574

Olin

Corp.

(a)(b)

169,948

5,052,554

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

177

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Chemicals

-

2.6%

(continued)

Scotts

Miracle-Gro

Co.

(The)

(a)(b)

41,357

2,514,919

Toray

Industries,

Inc.

(Japan)

(2)(a)

205,100

1,460,850

Yara

International

ASA

(Brazil)

(2)(a)

36,910

2,157,553

76,626,545

Construction

Materials

-

0

.5

%

Buzzi

SpA

(2)(a)

26,821

1,355,990

Eagle

Materials,

Inc.

(a)(b)

25,324

4,797,632

Heidelberg

Materials

AG

(Germany)

(2)(a)

25,413

5,363,070

Holcim

AG

(2)(a)

43,109

3,563,474

15,080,166

Containers

&

Packaging

-

0

.9

%

AptarGroup,

Inc.

(a)

17,714

2,232,318

Ball

Corp.

(a)

105,934

6,261,759

Crown

Holdings,

Inc.

(a)

85,460

8,567,365

Packaging

Corp.

of

America

(a)(b)

12,597

2,673,336

Smurfit

Westrock

plc

(a)(b)

146,272

5,828,939

Sonoco

Products

Co.

(a)(b)

17,981

972,592

26,536,309

Metals

&

Mining

-

3

.9

%

Acerinox

SA

(2)(a)

174,669

2,442,064

Agnico

Eagle

Mines

Ltd.

(Canada)

(a)

4,333

879,526

Alamos

Gold,

Inc.,

Class

A

(Canada)

(a)

79,456

3,534,995

Alcoa

Corp.

(a)

144,753

9,601,466

Anglo

American

plc

(South

Africa)

(2)(a)

67,268

2,888,192

ArcelorMittal

SA

(Luxembourg)

(2)

(a)

66,657

3,456,932

Aurubis

AG

(Germany)

(2)(a)

8,783

1,562,116

Barrick

Mining

Corp.

(Canada)

(a)

86,769

3,545,984

BHP

Group

Ltd.

(Australia)

(2)(a)

240,254

8,692,996

Boliden

AB

(Sweden)

(2)*(a)

119,633

6,271,384

Endeavour

Mining

plc

(Ivory

Coast)

(2)(a)

53,803

3,241,619

Evolution

Mining

Ltd.

(Australia)

(2)

(a)

669,971

6,032,895

First

Majestic

Silver

Corp.

(Canada)

(a)

41,899

898,158

Freeport-McMoRan,

Inc.

(a)

105,685

6,212,164

Fresnillo

plc

(Mexico)

(2)(a)

16,507

731,690

Glencore

plc

(Australia)

(2)(a)

1,070,206

8,105,605

Hecla

Mining

Co.

(a)

114,222

2,127,956

IAMGOLD

Corp.

(Burkina

Faso)

*(a)

103,391

1,944,295

IGO

Ltd.

(Australia)

(2)*(a)

115,978

647,487

JFE

Holdings,

Inc.

(Japan)

(2)(a)

213,800

2,503,014

Kinross

Gold

Corp.

(Canada)

(a)

176,649

5,400,677

Kobe

Steel

Ltd.

(Japan)

(2)(a)

134,100

1,627,457

Liontown

Ltd.

(Australia)

(2)*(a)

529,150

645,863

Lundin

Gold,

Inc.

(Canada)

(a)

21,396

1,635,115

Mitsui

Kinzoku

Co.

Ltd.

(Japan)

(2)

(a)

14,200

2,693,525

Newmont

Corp.

(a)

57,734

6,249,706

INVESTMENTS

SHARES

VALUE

($)

Metals

&

Mining

-

3.9%

(continued)

Nippon

Steel

Corp.

(Japan)

(2)(a)

203,000

748,572

Norsk

Hydro

ASA

(Norway)

(2)(a)

414,462

4,417,500

Northern

Star

Resources

Ltd.

(Australia)

(2)(a)

111,357

1,618,774

OceanaGold

Corp.

(Australia)

(a)

61,339

1,933,958

Pan

American

Silver

Corp.

(Canada)

(a)

70,127

3,836,291

South32

Ltd.

(Australia)

(2)(a)

1,649,323

4,994,160

SSAB

AB,

Class

B

(Sweden)

(2)(a)

221,588

1,746,800

Sumitomo

Metal

Mining

Co.

Ltd.

(Japan)

(2)(a)

38,200

2,223,362

Wheaton

Precious

Metals

Corp.

(Brazil)

(a)

22,687

2,977,964

118,070,262

Paper

&

Forest

Products

-

0

.1

%

Louisiana-Pacific

Corp.

(a)(b)

8,670

630,743

Oji

Holdings

Corp.

(Japan)

(2)(a)

431,700

2,335,518

2,966,261

Total

Materials

239,279,543

Real

Estate

-

1

.9

%

Diversified

REITs

-

0

.0

%

†

WP

Carey,

Inc.,

REIT

(a)

10,535

715,959

Health

Care

REITs

-

0

.4

%

Alexandria

Real

Estate

Equities,

Inc.,

REIT

(a)

193,563

8,985,195

Medical

Properties

Trust,

Inc.,

REIT

(a)(b)

233,084

1,079,179

Omega

Healthcare

Investors,

Inc.,

REIT

(a)

34,976

1,532,648

Sabra

Health

Care

REIT,

Inc.,

REIT

(a)(b)

45,118

867,619

12,464,641

Hotel

&

Resort

REITs

-

0

.2

%

Host

Hotels

&

Resorts,

Inc.,

REIT

(a)

120,626

2,311,194

Park

Hotels

&

Resorts,

Inc.,

REIT

(a)

256,149

2,697,249

5,008,443

Industrial

REITs

-

0

.3

%

First

Industrial

Realty

Trust,

Inc.,

REIT

(a)

22,869

1,322,972

Lineage,

Inc.,

REIT

(a)

182,721

5,985,940

7,308,912

Office

REITs

-

0

.4

%

COPT

Defense

Properties,

REIT

(a)

56,333

1,723,790

Cousins

Properties,

Inc.,

REIT

(a)

109,474

2,470,828

Vornado

Realty

Trust,

REIT

(a)(b)

334,543

8,694,772

12,889,390

178

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Real

Estate

Management

&

Development

-

0

.1

%

Jones

Lang

LaSalle,

Inc.

*(a)

6,581

2,002,730

Sun

Hung

Kai

Properties

Ltd.

(Hong

Kong)

(2)(a)

90,000

1,498,575

3,501,305

Residential

REITs

-

0

.0

%

†

Sun

Communities,

Inc.,

REIT

(a)

2,303

290,086

Retail

REITs

-

0

.0

%

†

Kite

Realty

Group

Trust,

REIT

(a)

25,062

615,272

NNN

REIT,

Inc.,

REIT

(a)

11,263

473,384

1,088,656

Specialized

REITs

-

0

.5

%

American

Tower

Corp.,

REIT

(a)

1,685

290,797

CubeSmart,

REIT

(a)

24,512

898,365

EPR

Properties,

REIT

(a)

40,088

2,002,796

Gaming

and

Leisure

Properties,

Inc.,

REIT

(a)

28,464

1,262,948

Iron

Mountain,

Inc.,

REIT

(a)

40,049

4,090,605

Lamar

Advertising

Co.,

Class

A,

REIT

(a)(b)

24,653

3,122,549

Millrose

Properties,

Inc.,

Class

A,

REIT

(a)

58,361

1,634,108

13,302,168

Total

Real

Estate

56,569,560

Utilities

-

4

.7

%

Electric

Utilities

-

2

.8

%

Chubu

Electric

Power

Co.,

Inc.

(Japan)

(2)(a)

498,700

8,222,024

Constellation

Energy

Corp.

(a)(b)

11,655

3,254,659

Edison

International

(a)

172,974

12,658,237

EDP

SA

(Portugal)

(2)

505,072

2,672,689

Endesa

SA

(Spain)

(a)

10,375

432,669

Enel

SpA

(Italy)

(2)(a)

904,150

9,884,918

Evergy,

Inc.

(a)(b)

74,593

6,110,659

Eversource

Energy

(a)

38,235

2,648,921

Fortum

OYJ

(Finland)

(2)(a)

135,436

3,463,469

Kansai

Electric

Power

Co.,

Inc.

(The)

(Japan)

(2)(a)

377,000

6,268,031

Kyushu

Electric

Power

Co.,

Inc.

(Japan)

(2)(a)

428,900

4,971,624

OGE

Energy

Corp.

(a)

33,490

1,606,180

PG&E

Corp.

(a)

531,889

9,345,290

Portland

General

Electric

Co.

(a)

152,141

8,028,481

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(Japan)

(2)*(a)

712,600

2,936,336

82,504,187

Gas

Utilities

-

0

.8

%

Atmos

Energy

Corp.

(a)(b)

21,089

3,895,560

Enagas

SA

(Spain)

(a)

34,996

693,315

Italgas

SpA

(Italy)

(2)(a)

236,512

2,755,125

National

Fuel

Gas

Co.

(a)

16,708

1,569,884

New

Jersey

Resources

Corp.

(a)(b)

36,608

2,010,512

ONE

Gas,

Inc.

(a)(b)

18,120

1,560,676

INVESTMENTS

SHARES

VALUE

($)

Gas

Utilities

-

0.8%

(continued)

Osaka

Gas

Co.

Ltd.

(Japan)

(2)(a)

29,000

1,174,631

Southwest

Gas

Holdings,

Inc.

(a)(b)

14,808

1,286,815

Spire,

Inc.

(a)(b)

15,104

1,367,516

Tokyo

Gas

Co.

Ltd.

(Japan)

(2)(a)

158,000

7,441,178

23,755,212

Independent

Power

and

Renewable

Electricity

Producers

-

0

.2

%

Capital

Power

Corp.

(Canada)

(a)

7,662

362,914

Orsted

A/S

(Denmark)

(2)*(a)(c)

67,701

1,678,919

RWE

AG

(Germany)

(2)(a)

75,156

5,056,409

7,098,242

Multi-Utilities

-

0

.8

%

A2A

SpA

(Italy)

(2)(a)

1,035,523

2,932,208

AGL

Energy

Ltd.

(Australia)

(2)(a)

218,386

1,495,039

Ameren

Corp.

(a)

44,046

4,841,536

Centrica

plc

(United

Kingdom)

(2)(a)

1,615,279

4,573,562

DTE

Energy

Co.

(a)(b)

25,802

3,772,769

E.ON

SE

(Germany)

(2)(a)

130,560

2,859,456

NiSource,

Inc.

(a)

59,508

2,776,643

Public

Service

Enterprise

Group,

Inc.

(a)(b)

11,912

964,276

24,215,489

Water

Utilities

-

0

.1

%

American

Water

Works

Co.,

Inc.

(a)

(b)

21,927

2,984,045

Total

Utilities

140,557,175

TOTAL

COMMON

STOCKS

(Cost

$2,387,775,815)

2,797,612,450

PREFERRED

STOCKS

-

0.1%

Consumer

Discretionary

-

0

.0

%

†

Automobiles

-

0

.0

%

†

Volkswagen

AG

(Preference)

(Germany)

(2)(a)

10,243

1,047,782

Consumer

Staples

-

0

.1

%

Household

Products

-

0

.1

%

Henkel

AG

&

Co.

KGaA

(Preference)

(Germany)

(2)(a)

27,117

2,094,766

TOTAL

PREFERRED

STOCKS

(Cost

$3,320,331)

3,142,548

NO.

OF

RIGHTS

RIGHTS

-

0.0%

†

Communication

Services

-

0

.0

%

†

Diversified

Telecommunication

Services

-

0

.0

%

†

Telecom

Italia

SpA,

expiring

4/1/2026

(Italy)

(2)*

(Cost

$–)

2,898,478

30

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

179

(Continued)

INVESTMENTS

SHARES

VALUE

($)

SHORT-TERM

INVESTMENTS

-

79.0%

INVESTMENT

COMPANIES

-

24

.3

%

BlackRock

Liquidity

Funds

Treasury

Trust

Fund

Portfolio,

3.56%

(d)(e)

36,542,111

36,542,111

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(d)(e)

51,214

51,214

Limited

Purpose

Cash

Investment

Fund,

3.65%

(d)(f)

690,789,227

690,789,227

TOTAL

INVESTMENT

COMPANIES

(Cost

$727,373,290)

727,382,552

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

54

.7

%

U.S.

Treasury

Bills

3.79%,

4/2/2026

(2)(g)

$

32,953,000

32,949,678

3.76%,

4/9/2026

(2)(g)

473,000

472,621

3.75%,

4/16/2026

(2)(g)

5,814,000

5,805,216

3.73%,

4/23/2026

(2)(g)

39,753,000

39,664,823

3.71%,

4/30/2026

(2)(g)

41,508,000

41,386,635

3.78%,

5/7/2026

(2)(g)(h)

13,203,000

13,154,908

3.76%,

5/14/2026

(2)(g)(h)

27,674,000

27,553,664

3.78%,

5/21/2026

(2)(g)

125,626,000

124,992,985

3.70%,

6/4/2026

(2)(g)

170,000,000

168,907,833

3.65%,

6/11/2026

(2)(g)

1,542,000

1,531,060

3.56%,

6/18/2026

(2)(g)(h)

150,000,000

148,830,975

3.55%,

6/25/2026

(2)(g)

9,994,000

9,909,346

3.56%,

7/2/2026

(2)(g)

11,040,000

10,938,340

3.55%,

7/16/2026

(2)(g)

129,591,000

128,221,583

3.58%,

7/23/2026

(2)(g)(h)

76,000,000

75,143,188

3.59%,

7/30/2026

(2)(g)(h)

30,000,000

29,639,128

3.59%,

8/6/2026

(2)(g)(h)

103,843,000

102,527,949

3.56%,

8/13/2026

(2)(g)(h)

61,927,000

61,095,895

3.56%,

8/20/2026

(2)(g)

10,000,000

9,858,962

3.59%,

8/27/2026

(2)(g)

10,674,000

10,516,244

3.60%,

9/3/2026

(2)(g)(h)

51,753,000

50,952,470

3.60%,

9/10/2026

(2)(g)

73,573,000

72,385,057

3.64%,

9/17/2026

(2)(g)(h)

135,000,000

132,722,746

3.70%,

9/24/2026

(2)(g)(h)

245,493,000

241,203,049

3.67%,

10/1/2026

(2)(g)

101,007,000

99,163,706

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$1,639,641,188)

1,639,528,061

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$2,367,014,478)

2,366,910,613

NO.

OF

CONTRACTS

PURCHASED

OPTIONS

-

0.3%

Put

Option

s

-

0

.3

%

Over-the-Counter

Equity

Index

Options

-

0

.3

%

S&P

500

Index

JPMC

Exercise

Price:

USD

6,500

Notional

Amount:

USD

259,835,096

Expiration

Date:

6/18/2026

(2)

398

8,859,258

INVESTMENTS

NOTIONAL

AMOUNT

VALUE

($)

Interest

Rate

Swaptions

-

0

.0

%

†

2-Year

Interest

Rate

Swap,

Pays

SOFR

Quarterly,

Receives

3.23%

Quarterly

JPMC

Exercise

Rate:

3.23%

Expiration

Date:

6/17/2026

(2)

$

482,298,724

897,620

TOTAL

PURCHASED

OPTIONS

(Cost

$9,189,633)

9,756,878

TOTAL

LONG

POSITIONS

(Cost

$4,767,300,257)

5,177,422,519

SHARES

SHORT

POSITIONS

-

(96.9)%

COMMON

STOCKS

-

(96.6)%

Communication

Services

-

(

4

.0

)

%

Diversified

Telecommunication

Services

-

(

0

.5

)

%

AST

SpaceMobile,

Inc.

(

25,756

)

(

2,134,400

)

BCE,

Inc.

(Canada)

(

120,670

)

(

3,044,725

)

BT

Group

plc

(United

Kingdom)

(2)

(

269,447

)

(

755,143

)

Cellnex

Telecom

SA

(Spain)

(2)(c)

(

158,378

)

(

5,092,603

)

Infrastrutture

Wireless

Italiane

SpA

(Italy)

(2)(c)

(

251,776

)

(

2,009,248

)

Telefonica

SA

(Spain)

(2)

(

206,116

)

(

901,867

)

(

13,937,986

)

Entertainment

-

(

1

.7

)

%

Capcom

Co.

Ltd.

(Japan)

(2)

(

261,300

)

(

5,521,773

)

CTS

Eventim

AG

&

Co.

KGaA

(Germany)

(2)

(

51,870

)

(

3,038,063

)

Embracer

Group

AB

(Sweden)

(2)

(

73,644

)

(

379,624

)

Konami

Group

Corp.

(Japan)

(2)

(

59,300

)

(

7,307,430

)

Liberty

Media

Corp-Liberty

Formula

One,

Class

A

(

24,503

)

(

1,913,194

)

Live

Nation

Entertainment,

Inc.

(

21,452

)

(

3,271,645

)

Netflix,

Inc.

(

44,280

)

(

4,257,522

)

Nexon

Co.

Ltd.

(Japan)

(2)

(

86,000

)

(

1,619,956

)

Nintendo

Co.

Ltd.

(Japan)

(2)

(

180,400

)

(

10,298,250

)

ROBLOX

Corp.,

Class

A

(

39,050

)

(

2,208,668

)

Toho

Co.

Ltd.

(Japan)

(

246,500

)

(

2,589,178

)

Universal

Music

Group

NV

(Netherlands)

(2)

(

409,771

)

(

7,953,991

)

Walt

Disney

Co.

(The)

(

12,693

)

(

1,223,351

)

(

51,582,645

)

Interactive

Media

&

Services

-

(

0

.8

)

%

Alphabet,

Inc.,

Class

A

(

20,801

)

(

5,981,536

)

Autotrader

Group

plc

(United

Kingdom)

(2)(c)

(

53,338

)

(

333,847

)

CAR

Group

Ltd.

(Australia)

(2)

(

192,118

)

(

3,066,850

)

LY

Corp.

(Japan)

(2)

(

643,300

)

(

1,551,082

)

Match

Group,

Inc.

(

114,367

)

(

3,512,211

)

Pinterest,

Inc.,

Class

A

(

186,586

)

(

3,421,987

)

REA

Group

Ltd.

(Australia)

(2)

(

7,534

)

(

825,413

)

Reddit,

Inc.,

Class

A

(

42,210

)

(

5,683,576

)

SEEK

Ltd.

(Australia)

(2)

(

29,316

)

(

288,078

)

180

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Interactive

Media

&

Services

-

(0.8)%

(continued)

Vend

Marketplaces

ASA

(Norway)

(

20,590

)

(

509,492

)

(

25,174,072

)

Media

-

(

0

.4

)

%

Dentsu

Group,

Inc.

(Japan)

(2)

(

82,000

)

(

1,409,352

)

EchoStar

Corp.,

Class

A

(

34,083

)

(

3,990,097

)

Fox

Corp.,

Class

A

(

82,105

)

(

4,794,932

)

Informa

plc

(United

Kingdom)

(2)

(

55,838

)

(

560,821

)

Publicis

Groupe

SA

(France)

(2)

(

8,658

)

(

716,619

)

WPP

plc

(United

Kingdom)

(2)

(

277,509

)

(

867,901

)

(

12,339,722

)

Wireless

Telecommunication

Services

-

(

0

.6

)

%

KDDI

Corp.

(Japan)

(2)

(

146,100

)

(

2,487,606

)

Rogers

Communications,

Inc.,

Class

B

(Canada)

(

251,412

)

(

9,668,997

)

SoftBank

Corp.

(Japan)

(2)

(

3,277,300

)

(

4,385,432

)

Tele2

AB,

Class

B

(Sweden)

(2)

(

54,169

)

(

1,121,162

)

(

17,663,197

)

Total

Communication

Services

(

120,697,622

)

Consumer

Discretionary

-

(

9

.7

)

%

Automobile

Components

-

(

0

.6

)

%

Aptiv

plc

(

84,979

)

(

5,900,942

)

Bridgestone

Corp.

(Japan)

(2)

(

24,600

)

(

512,621

)

Cie

Generale

des

Etablissements

Michelin

SCA

(France)

(2)

(

45,397

)

(

1,555,251

)

Gentex

Corp.

(

131,736

)

(

2,878,432

)

QuantumScape

Corp.

(

430,962

)

(

2,749,538

)

Schaeffler

AG

(Germany)

(2)

(

76,556

)

(

639,450

)

Visteon

Corp.

(

20,891

)

(

1,903,379

)

Yokohama

Rubber

Co.

Ltd.

(The)

(Japan)

(2)

(

54,200

)

(

2,079,563

)

(

18,219,176

)

Automobiles

-

(

1

.2

)

%

Ferrari

NV

(Italy)

(2)

(

23,692

)

(

8,038,789

)

Harley-Davidson,

Inc.

(

34,600

)

(

699,612

)

Isuzu

Motors

Ltd.

(Japan)

(2)

(

40,400

)

(

581,791

)

Nissan

Motor

Co.

Ltd.

(Japan)

(2)

(

105,100

)

(

227,791

)

Stellantis

NV

(2)

(

244,128

)

(

1,764,455

)

Suzuki

Motor

Corp.

(Japan)

(2)

(

268,900

)

(

3,277,548

)

Tesla,

Inc.

(

31,802

)

(

11,822,394

)

Thor

Industries,

Inc.

(

56,145

)

(

4,485,424

)

Toyota

Motor

Corp.

(Japan)

(2)

(

58,100

)

(

1,207,745

)

Yamaha

Motor

Co.

Ltd.

(Japan)

(2)

(

690,000

)

(

4,984,834

)

(

37,090,383

)

Broadline

Retail

-

(

1

.2

)

%

B&M

European

Value

Retail

plc

(United

Kingdom)

(2)

(

141,438

)

(

317,606

)

Dillard's,

Inc.,

Class

A

(

700

)

(

400,477

)

eBay,

Inc.

(

50,160

)

(

4,565,563

)

Etsy,

Inc.

(

19,296

)

(

964,414

)

Harvey

Norman

Holdings

Ltd.

(Australia)

(2)

(

84,289

)

(

289,567

)

INVESTMENTS

SHARES

VALUE

($)

Broadline

Retail

-

(1.2)%

(continued)

MercadoLibre,

Inc.

(Brazil)

(

4,909

)

(

8,487,759

)

Ollie's

Bargain

Outlet

Holdings,

Inc.

(

21,762

)

(

2,002,975

)

Prosus

NV

(China)

(2)

(

233,167

)

(

10,794,599

)

Rakuten

Group,

Inc.

(Japan)

(2)

(

772,600

)

(

3,611,557

)

Sea

Ltd.,

ADR

(Singapore)

(

14,952

)

(

1,238,175

)

Wesfarmers

Ltd.

(Australia)

(2)

(

66,818

)

(

3,411,458

)

(

36,084,150

)

Distributors

-

(

0

.1

)

%

D'ieteren

Group

(Belgium)

(2)

(

18,249

)

(

3,378,857

)

Diversified

Consumer

Services

-

(

0

.0

)

%

†

H&R

Block,

Inc.

(

10,741

)

(

340,919

)

Hotels,

Restaurants

&

Leisure

-

(

2

.8

)

%

Accor

SA

(France)

(2)

(

43,580

)

(

2,090,236

)

Amadeus

IT

Group

SA

(Spain)

(2)

(

70,521

)

(

4,032,445

)

Aristocrat

Leisure

Ltd.

(Australia)

(2)

(

87,509

)

(

2,781,497

)

Cava

Group,

Inc.

(

13,577

)

(

1,098,379

)

Choice

Hotels

International,

Inc.

(

2,877

)

(

297,770

)

Churchill

Downs,

Inc.

(

11,805

)

(

1,060,443

)

Delivery

Hero

SE

(South

Korea)

(2)

(c)

(

148,871

)

(

2,766,195

)

DoorDash,

Inc.,

Class

A

(

55,600

)

(

8,348,340

)

Dutch

Bros,

Inc.,

Class

A

(

121,275

)

(

6,143,791

)

Entain

plc

(United

Kingdom)

(2)

(

95,524

)

(

717,615

)

Evolution

AB

(Sweden)

(2)(c)

(

27,547

)

(

1,731,286

)

FDJ

UNITED

(France)

(2)

(

28,452

)

(

837,312

)

Flutter

Entertainment

plc

(

18,345

)

(

1,870,273

)

Hilton

Worldwide

Holdings,

Inc.

(

16,030

)

(

4,874,402

)

Hyatt

Hotels

Corp.,

Class

A

(

39,018

)

(

5,610,398

)

Marriott

International,

Inc.,

Class

A

(

2,172

)

(

710,396

)

McDonald's

Holdings

Co.

Japan

Ltd.

(Japan)

(2)

(

5,800

)

(

303,141

)

Oriental

Land

Co.

Ltd.

(Japan)

(2)

(

540,300

)

(

9,195,796

)

Planet

Fitness,

Inc.,

Class

A

(

101,186

)

(

7,526,215

)

Skylark

Holdings

Co.

Ltd.

(Japan)

(2)

(

42,000

)

(

905,380

)

Sodexo

SA

(France)

(2)

(

11,135

)

(

571,583

)

Whitbread

plc

(United

Kingdom)

(2)

(

30,261

)

(

930,383

)

Wingstop,

Inc.

(

50,669

)

(

7,852,175

)

Wyndham

Hotels

&

Resorts,

Inc.

(

15,771

)

(

1,281,078

)

Yum!

Brands,

Inc.

(

57,884

)

(

8,999,804

)

Zensho

Holdings

Co.

Ltd.

(Japan)

(2)

(

19,000

)

(

1,109,273

)

(

83,645,606

)

Household

Durables

-

(

1

.0

)

%

Barratt

Redrow

plc

(United

Kingdom)

(2)

(

126,917

)

(

441,428

)

Bellway

plc

(United

Kingdom)

(2)

(

14,261

)

(

350,706

)

Berkeley

Group

Holdings

plc

(United

Kingdom)

(2)

(

10,016

)

(

458,822

)

KB

Home

(

10,003

)

(

517,655

)

Open

House

Group

Co.

Ltd.

(Japan)

(2)

(

6,600

)

(

423,006

)

Persimmon

plc

(United

Kingdom)

(2)

(

37,064

)

(

529,104

)

PulteGroup,

Inc.

(

12,902

)

(

1,517,404

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

181

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Household

Durables

-

(1.0)%

(continued)

SEB

SA

(France)

(2)

(

4,937

)

(

255,081

)

Sekisui

House

Ltd.

(Japan)

(2)

(

37,500

)

(

840,265

)

SharkNinja,

Inc.

(

46,313

)

(

4,904,547

)

Somnigroup

International,

Inc.

(

81,897

)

(

6,053,826

)

Sony

Group

Corp.

(Japan)

(2)

(

317,800

)

(

6,623,822

)

Sumitomo

Forestry

Co.

Ltd.

(Japan)

(2)

(

44,000

)

(

400,341

)

TopBuild

Corp.

(

17,028

)

(

5,981,936

)

(

29,297,943

)

Leisure

Products

-

(

0

.3

)

%

Shimano,

Inc.

(Japan)

(2)

(

75,700

)

(

7,903,297

)

Specialty

Retail

-

(

2

.0

)

%

Auto1

Group

SE

(Germany)

(2)(i)

(

59,496

)

(

1,059,270

)

AutoZone,

Inc.

(

530

)

(

1,790,223

)

Carvana

Co.,

Class

A

(

21,870

)

(

6,875,491

)

Chewy,

Inc.,

Class

A

(

141,235

)

(

3,813,345

)

Dick's

Sporting

Goods,

Inc.

(

2,082

)

(

412,840

)

Fast

Retailing

Co.

Ltd.

(Japan)

(2)

(

5,300

)

(

2,094,064

)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(

28,898

)

(

1,468,018

)

Home

Depot,

Inc.

(The)

(

21,886

)

(

7,198,087

)

JD

Sports

Fashion

plc

(United

Kingdom)

(2)

(

793,839

)

(

752,924

)

Lithia

Motors,

Inc.,

Class

A

(

5,400

)

(

1,348,488

)

Murphy

USA,

Inc.

(

1,018

)

(

502,861

)

Nitori

Holdings

Co.

Ltd.

(Japan)

(2)

(

152,500

)

(

2,422,846

)

O'Reilly

Automotive,

Inc.

(

35,737

)

(

3,298,883

)

RH

(

3,610

)

(

504,750

)

Sanrio

Co.

Ltd.

(Japan)

(2)

(

559,000

)

(

3,475,445

)

Tractor

Supply

Co.

(

88,700

)

(

4,018,110

)

Ulta

Beauty,

Inc.

(

9,199

)

(

4,808,409

)

Valvoline,

Inc.

(

225,282

)

(

7,587,498

)

ZOZO,

Inc.

(Japan)

(2)

(

784,100

)

(

5,490,987

)

(

58,922,539

)

Textiles,

Apparel

&

Luxury

Goods

-

(

0

.5

)

%

Asics

Corp.

(Japan)

(2)

(

27,000

)

(

725,898

)

Brunello

Cucinelli

SpA

(Italy)

(2)

(

4,280

)

(

374,047

)

Crocs,

Inc.

(

16,443

)

(

1,365,098

)

Gildan

Activewear,

Inc.

(Canada)

(

9,195

)

(

512,067

)

Hermes

International

SCA

(France)

(2)

(

1,429

)

(

2,707,028

)

Lululemon

Athletica,

Inc.

(

13,544

)

(

2,073,586

)

Moncler

SpA

(Italy)

(2)

(

11,511

)

(

693,061

)

NIKE,

Inc.,

Class

B

(

108,572

)

(

5,734,773

)

Puma

SE

(Germany)

(2)

(

50,796

)

(

1,317,339

)

Swatch

Group

AG

(The)

(Switzerland)

(2)

(

3,691

)

(

814,831

)

(

16,317,728

)

Total

Consumer

Discretionary

(

291,200,598

)

INVESTMENTS

SHARES

VALUE

($)

Consumer

Staples

-

(

6

.2

)

%

Beverages

-

(

1

.6

)

%

Brown-Forman

Corp.,

Class

B

(

42,913

)

(

1,134,620

)

Celsius

Holdings,

Inc.

(

82,088

)

(

2,912,482

)

Constellation

Brands,

Inc.,

Class

A

(

20,375

)

(

3,056,250

)

Diageo

plc

(United

Kingdom)

(2)

(

480,341

)

(

8,933,004

)

Heineken

NV

(Netherlands)

(2)

(

18,836

)

(

1,448,833

)

Keurig

Dr

Pepper,

Inc.

(

404,865

)

(

10,660,095

)

Monster

Beverage

Corp.

(

149,410

)

(

10,826,249

)

Pernod

Ricard

SA

(France)

(2)

(

74,728

)

(

5,556,914

)

Remy

Cointreau

SA

(France)

(2)

(

26,922

)

(

1,164,181

)

Suntory

Beverage

&

Food

Ltd.

(Japan)

(2)

(

28,600

)

(

807,667

)

Treasury

Wine

Estates

Ltd.

(Australia)

(2)

(

826,855

)

(

2,133,915

)

(

48,634,210

)

Consumer

Staples

Distribution

&

Retail

-

(

2

.0

)

%

Aeon

Co.

Ltd.

(Japan)

(2)

(

412,700

)

(

4,934,218

)

Alimentation

Couche-Tard,

Inc.

(Canada)

(

51,805

)

(

2,936,399

)

Axfood

AB

(Sweden)

(

23,024

)

(

782,412

)

BJ's

Wholesale

Club

Holdings,

Inc.

(

61,910

)

(

6,093,182

)

Coles

Group

Ltd.

(Australia)

(2)

(

222,168

)

(

3,369,126

)

Dollar

Tree,

Inc.

(

4,865

)

(

532,766

)

Endeavour

Group

Ltd.

(Australia)

(2)

(

665,766

)

(

1,507,041

)

Jeronimo

Martins

SGPS

SA

(Portugal)

(2)

(

108,428

)

(

2,592,660

)

Kobe

Bussan

Co.

Ltd.

(Japan)

(2)

(

143,200

)

(

3,098,702

)

Loblaw

Cos.

Ltd.

(Canada)

(

17,991

)

(

820,207

)

Maplebear,

Inc.

(

35,377

)

(

1,325,223

)

MatsukiyoCocokara

&

Co.

(Japan)

(

43,200

)

(

687,585

)

Performance

Food

Group

Co.

(

71,389

)

(

6,115,182

)

Sysco

Corp.

(

62,509

)

(

4,458,767

)

US

Foods

Holding

Corp.

(

79,871

)

(

7,364,905

)

Walmart,

Inc.

(

107,476

)

(

13,357,117

)

(

59,975,492

)

Food

Products

-

(

2

.1

)

%

AAK

AB

(Sweden)

(2)

(

100,203

)

(

2,580,498

)

Ajinomoto

Co.,

Inc.

(Japan)

(2)

(

74,600

)

(

2,109,034

)

Associated

British

Foods

plc

(United

Kingdom)

(2)

(

90,034

)

(

2,253,763

)

Barry

Callebaut

AG

(Registered)

(Switzerland)

(2)

(

145

)

(

254,996

)

Bunge

Global

SA

(

24,222

)

(

3,081,038

)

Campbell's

Co.

(The)

(

70,636

)

(

1,573,064

)

Chocoladefabriken

Lindt

&

Spruengli

AG

(Switzerland)

(2)

(

208

)

(

2,920,732

)

Conagra

Brands,

Inc.

(

75,241

)

(

1,182,789

)

Freshpet,

Inc.

(

53,193

)

(

3,136,259

)

Hormel

Foods

Corp.

(

183,608

)

(

4,158,721

)

Kikkoman

Corp.

(Japan)

(2)

(

567,900

)

(

5,155,830

)

Kraft

Heinz

Co.

(The)

(

128,558

)

(

2,891,269

)

Lamb

Weston

Holdings,

Inc.

(

12,812

)

(

541,435

)

Lotus

Bakeries

NV

(Belgium)

(2)

(

26

)

(

293,560

)

Mondelez

International,

Inc.,

Class

A

(

276,842

)

(

15,957,173

)

182

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Food

Products

-

(2.1)%

(continued)

Mowi

ASA

(Norway)

(2)

(

2,536

)

(

57,678

)

Nestle

SA

(Registered)

(2)

(

8,981

)

(

880,956

)

Nissin

Foods

Holdings

Co.

Ltd.

(Japan)

(2)

(

178,100

)

(

3,380,286

)

Orkla

ASA

(Norway)

(2)

(

104,398

)

(

1,313,811

)

Post

Holdings,

Inc.

(

28,803

)

(

2,847,465

)

Salmar

ASA

(Norway)

(

15,147

)

(

883,832

)

Tate

&

Lyle

plc

(United

Kingdom)

(

115,987

)

(

555,744

)

Wilmar

International

Ltd.

(China)

(2)

(

302,500

)

(

908,824

)

Yakult

Honsha

Co.

Ltd.

(Japan)

(2)

(

170,400

)

(

2,851,355

)

(

61,770,112

)

Household

Products

-

(

0

.1

)

%

Church

&

Dwight

Co.,

Inc.

(

3,092

)

(

288,545

)

Kimberly-Clark

Corp.

(

14,553

)

(

1,403,928

)

Unicharm

Corp.

(Japan)

(

210,400

)

(

1,233,592

)

(

2,926,065

)

Personal

Care

Products

-

(

0

.3

)

%

Beiersdorf

AG

(Germany)

(2)

(

14,627

)

(

1,314,782

)

Coty,

Inc.,

Class

A

(

311,709

)

(

626,535

)

elf

Beauty,

Inc.

(

7,826

)

(

474,334

)

L'Oreal

SA

(France)

(2)

(

9,152

)

(

3,736,675

)

Shiseido

Co.

Ltd.

(Japan)

(2)

(

60,600

)

(

1,238,072

)

Unilever

plc

(United

Kingdom)

(2)

(

27,730

)

(

1,522,360

)

(

8,912,758

)

Tobacco

-

(

0

.1

)

%

Japan

Tobacco,

Inc.

(Japan)

(2)

(

112,900

)

(

4,331,281

)

Total

Consumer

Staples

(

186,549,918

)

Energy

-

(

3

.4

)

%

Energy

Equipment

&

Services

-

(

1

.1

)

%

Baker

Hughes

Co.,

Class

A

(

134,642

)

(

8,219,894

)

SLB

Ltd.

(

278,439

)

(

14,308,980

)

Technip

Energies

NV

(France)

(2)

(

19,802

)

(

836,784

)

Tenaris

SA

(2)

(

256,207

)

(

7,489,523

)

Weatherford

International

plc

(

8,817

)

(

833,912

)

(

31,689,093

)

Oil,

Gas

&

Consumable

Fuels

-

(

2

.3

)

%

Ampol

Ltd.

(Australia)

(2)

(

83,472

)

(

1,936,006

)

Bollore

SE

(France)

(2)

(

240,074

)

(

1,372,747

)

Cameco

Corp.

(Canada)

(

24,104

)

(

2,621,273

)

Cheniere

Energy,

Inc.

(

980

)

(

278,085

)

Chevron

Corp.

(

40,667

)

(

8,414,002

)

Chord

Energy

Corp.

(

23,720

)

(

3,372,510

)

DT

Midstream,

Inc.

(

71,604

)

(

9,642,911

)

EOG

Resources,

Inc.

(

2,032

)

(

293,766

)

Expand

Energy

Corp.

(

23,981

)

(

2,632,634

)

Imperial

Oil

Ltd.

(Canada)

(

18,832

)

(

2,466,666

)

Keyera

Corp.

(Canada)

(

58,169

)

(

2,250,071

)

Matador

Resources

Co.

(

32,122

)

(

2,029,468

)

NexGen

Energy

Ltd.

(Canada)

(

115,991

)

(

1,345,766

)

ONEOK,

Inc.

(

194,122

)

(

17,546,688

)

Range

Resources

Corp.

(

51,409

)

(

2,322,659

)

INVESTMENTS

SHARES

VALUE

($)

Oil,

Gas

&

Consumable

Fuels

-

(2.3)%

(continued)

Santos

Ltd.

(Australia)

(2)

(

180,856

)

(

989,923

)

Whitecap

Resources,

Inc.

(Canada)

(

27,233

)

(

307,352

)

Woodside

Energy

Group

Ltd.

(Australia)

(2)

(

367,629

)

(

8,726,606

)

(

68,549,133

)

Total

Energy

(

100,238,226

)

Financials

-

(

14

.0

)

%

Banks

-

(

4

.0

)

%

AL

Sydbank

(Denmark)

(2)

(

4,026

)

(

323,578

)

Associated

Banc-Corp.

(

26,169

)

(

676,730

)

Banca

Monte

dei

Paschi

di

Siena

SpA

(Italy)

(2)

(

318,121

)

(

2,775,774

)

Bank

of

Montreal

(Canada)

(

4,227

)

(

572,534

)

Bank

OZK

(

46,732

)

(

2,144,532

)

BPER

Banca

SpA

(Italy)

(2)

(

287,557

)

(

3,768,497

)

Chiba

Bank

Ltd.

(The)

(Japan)

(2)

(

160,300

)

(

2,075,013

)

Cullen/Frost

Bankers,

Inc.

(

6,809

)

(

933,378

)

DBS

Group

Holdings

Ltd.

(Singapore)

(2)

(

168,500

)

(

7,498,272

)

Fifth

Third

Bancorp

(

320,268

)

(

14,879,651

)

First

Citizens

BancShares,

Inc.,

Class

A

(

3,726

)

(

7,022,243

)

First

Financial

Bankshares,

Inc.

(

37,082

)

(

1,092,065

)

Flagstar

Bank

NA

(

145,585

)

(

1,917,354

)

FNB

Corp.

(

156,444

)

(

2,615,744

)

Glacier

Bancorp,

Inc.

(

92,519

)

(

4,132,824

)

Hancock

Whitney

Corp.

(

38,096

)

(

2,422,525

)

Home

BancShares,

Inc.

(

36,951

)

(

995,090

)

HSBC

Holdings

plc

(United

Kingdom)

(2)

(

84,372

)

(

1,385,607

)

Huntington

Bancshares,

Inc.

(

583,271

)

(

9,128,191

)

International

Bancshares

Corp.

(

35,229

)

(

2,370,559

)

JPMorgan

Chase

&

Co.

(

19,448

)

(

5,720,824

)

M&T

Bank

Corp.

(

21,745

)

(

4,495,126

)

Mitsubishi

UFJ

Financial

Group,

Inc.

(Japan)

(2)

(

174,900

)

(

2,961,745

)

National

Bank

of

Canada

(Canada)

(

42,401

)

(

5,486,740

)

Old

National

Bancorp

(

142,249

)

(

3,143,703

)

Rakuten

Bank

Ltd.

(Japan)

(2)

(

150,200

)

(

5,491,266

)

Regions

Financial

Corp.

(

106,198

)

(

2,773,892

)

Standard

Chartered

plc

(United

Kingdom)

(2)

(

61,190

)

(

1,275,191

)

Sumitomo

Mitsui

Financial

Group,

Inc.

(Japan)

(2)

(

209,700

)

(

6,895,004

)

TFS

Financial

Corp.

(

45,339

)

(

637,013

)

Truist

Financial

Corp.

(

107,143

)

(

4,925,364

)

UMB

Financial

Corp.

(

15,151

)

(

1,708,881

)

Valley

National

Bancorp

(

59,766

)

(

733,927

)

Wells

Fargo

&

Co.

(

39,562

)

(

3,149,531

)

Western

Alliance

Bancorp

(

4,172

)

(

295,586

)

(

118,423,954

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

183

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Capital

Markets

-

(

2

.9

)

%

Blackrock,

Inc.

(

1,237

)

(

1,189,635

)

Blackstone,

Inc.

(

20,764

)

(

2,387,652

)

Blue

Owl

Capital,

Inc.,

Class

A

(

112,286

)

(

1,025,171

)

Brookfield

Asset

Management

Ltd.,

Class

A

(Canada)

(

136,537

)

(

6,070,601

)

Charles

Schwab

Corp.

(The)

(

51,225

)

(

4,814,125

)

Coinbase

Global,

Inc.,

Class

A

(

14,664

)

(

2,560,481

)

CVC

Capital

Partners

plc

(Luxembourg)

(2)(c)

(

228,014

)

(

2,976,789

)

Daiwa

Securities

Group,

Inc.

(Japan)

(2)

(

364,700

)

(

3,455,675

)

EQT

AB

(Sweden)

(2)

(

132,529

)

(

4,112,070

)

FactSet

Research

Systems,

Inc.

(

13,282

)

(

2,882,061

)

Freedom

Holding

Corp.

(Kazakhstan)

(

4,195

)

(

607,772

)

Hamilton

Lane,

Inc.,

Class

A

(

36,977

)

(

3,675,514

)

Houlihan

Lokey,

Inc.,

Class

A

(

4,622

)

(

663,812

)

Intercontinental

Exchange,

Inc.

(

43,948

)

(

6,912,141

)

Investec

plc

(United

Kingdom)

(2)

(

44,529

)

(

343,212

)

Julius

Baer

Group

Ltd.

(Switzerland)

(2)

(

7,669

)

(

564,086

)

KKR

&

Co.,

Inc.

(

11,244

)

(

1,040,070

)

LPL

Financial

Holdings,

Inc.

(

25,900

)

(

7,791,497

)

Macquarie

Group

Ltd.

(Australia)

(2)

(

3,950

)

(

561,124

)

Moody's

Corp.

(

12,319

)

(

5,374,164

)

MSCI,

Inc.,

Class

A

(

1,358

)

(

731,976

)

Nordnet

AB

publ

(Sweden)

(2)

(

17,142

)

(

558,216

)

Partners

Group

Holding

AG

(Switzerland)

(2)

(

6,309

)

(

6,800,098

)

Raymond

James

Financial,

Inc.

(

5,365

)

(

776,798

)

Robinhood

Markets,

Inc.,

Class

A

(

78,410

)

(

5,433,813

)

S&P

Global,

Inc.

(

11,335

)

(

4,821,229

)

SEI

Investments

Co.

(

14,031

)

(

1,101,013

)

T.

Rowe

Price

Group,

Inc.

(

36,114

)

(

3,255,316

)

TMX

Group

Ltd.

(Canada)

(

18,553

)

(

657,911

)

TPG,

Inc.

(

81,727

)

(

3,310,761

)

Tradeweb

Markets,

Inc.,

Class

A

(

4,351

)

(

511,939

)

(

86,966,722

)

Consumer

Finance

-

(

0

.4

)

%

Credit

Acceptance

Corp.

(

4,035

)

(

1,708,661

)

SLM

Corp.

(

80,344

)

(

1,720,165

)

SoFi

Technologies,

Inc.

(

312,365

)

(

4,960,356

)

Synchrony

Financial

(

59,493

)

(

4,046,714

)

(

12,435,896

)

Financial

Services

-

(

1

.9

)

%

Adyen

NV

(Netherlands)

(2)(c)

(

10,933

)

(

10,942,298

)

Affirm

Holdings,

Inc.,

Class

A

(

82,155

)

(

3,764,342

)

Apollo

Global

Management,

Inc.

(

14,191

)

(

1,581,161

)

Block,

Inc.,

Class

A

(

88,674

)

(

5,336,401

)

Edenred

SE

(France)

(2)

(

72,420

)

(

1,442,528

)

Equitable

Holdings,

Inc.

(

34,024

)

(

1,262,631

)

EXOR

NV

(Netherlands)

(2)

(

17,397

)

(

1,331,702

)

Jack

Henry

&

Associates,

Inc.

(

10,040

)

(

1,586,722

)

M&G

plc

(United

Kingdom)

(2)

(

177,984

)

(

646,515

)

Mastercard,

Inc.,

Class

A

(

12,831

)

(

6,411,137

)

INVESTMENTS

SHARES

VALUE

($)

Financial

Services

-

(1.9)%

(continued)

Rocket

Cos.,

Inc.,

Class

A

(

233,466

)

(

3,326,890

)

Shift4

Payments,

Inc.,

Class

A

(

56,762

)

(

2,482,202

)

Toast,

Inc.,

Class

A

(

311,894

)

(

8,268,310

)

Visa,

Inc.,

Class

A

(

15,610

)

(

4,717,966

)

Voya

Financial,

Inc.

(

17,552

)

(

1,199,153

)

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(Australia)

(2)

(

39,903

)

(

1,121,391

)

Wise

plc,

Class

A

(United

Kingdom)

(2)

(

217,322

)

(

2,617,032

)

(

58,038,381

)

Insurance

-

(

4

.8

)

%

Admiral

Group

plc

(United

Kingdom)

(2)

(

9,406

)

(

393,413

)

Aflac,

Inc.

(

65,679

)

(

7,205,643

)

American

Financial

Group,

Inc.

(

2,617

)

(

334,217

)

Aon

plc,

Class

A

(

27,823

)

(

8,980,708

)

Arch

Capital

Group

Ltd.

(

25,239

)

(

2,422,692

)

Arthur

J

Gallagher

&

Co.

(

35,371

)

(

7,660,651

)

Assurant,

Inc.

(

13,210

)

(

2,877,270

)

Aviva

plc

(United

Kingdom)

(2)

(

48,889

)

(

392,353

)

AXA

SA

(France)

(2)

(

98,633

)

(

4,532,341

)

Brown

&

Brown,

Inc.

(

65,431

)

(

4,266,756

)

CNA

Financial

Corp.

(

7,767

)

(

356,661

)

Erie

Indemnity

Co.,

Class

A

(

12,825

)

(

3,223,051

)

First

American

Financial

Corp.

(

6,632

)

(

399,843

)

Generali

(Italy)

(2)

(

246,233

)

(

9,906,325

)

Gjensidige

Forsikring

ASA

(Norway)

(2)

(

46,814

)

(

1,224,593

)

Hannover

Rueck

SE

(Germany)

(2)

(

11,224

)

(

3,528,837

)

Helvetia

Baloise

Holding

AG

(Switzerland)

(2)

(

20,913

)

(

5,412,498

)

Insurance

Australia

Group

Ltd.

(Australia)

(

137,483

)

(

696,246

)

Intact

Financial

Corp.

(Canada)

(

9,147

)

(

1,657,520

)

Kemper

Corp.

(

27,030

)

(

826,037

)

Kinsale

Capital

Group,

Inc.

(

14,285

)

(

4,880,613

)

Legal

&

General

Group

plc

(United

Kingdom)

(2)

(

335,334

)

(

1,102,020

)

Lincoln

National

Corp.

(

58,930

)

(

2,092,015

)

Loews

Corp.

(

12,114

)

(

1,293,048

)

Markel

Group,

Inc.

(

2,920

)

(

5,589,084

)

Marsh

&

McLennan

Cos.,

Inc.

(

12,752

)

(

2,211,834

)

Medibank

Pvt

Ltd.

(Australia)

(2)

(

999,719

)

(

3,024,933

)

Old

Republic

International

Corp.

(

26,235

)

(

1,046,777

)

Progressive

Corp.

(The)

(

27,612

)

(

5,473,803

)

Prudential

plc

(Hong

Kong)

(2)

(

140,464

)

(

1,952,887

)

RLI

Corp.

(

39,799

)

(

2,270,135

)

Ryan

Specialty

Holdings,

Inc.,

Class

A

(

228,537

)

(

7,710,838

)

Sampo

OYJ,

Class

A

(Finland)

(

216,721

)

(

2,305,073

)

Sun

Life

Financial,

Inc.

(Canada)

(

37,807

)

(

2,368,543

)

Suncorp

Group

Ltd.

(Australia)

(2)

(

89,967

)

(

1,009,670

)

Swiss

Life

Holding

AG

(Registered)

(Switzerland)

(2)

(

3,993

)

(

4,349,230

)

Swiss

Re

AG

(2)

(

53,124

)

(

8,923,622

)

184

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Insurance

-

(4.8)%

(continued)

Tokio

Marine

Holdings,

Inc.

(Japan)

(2)

(

144,900

)

(

6,801,747

)

Tryg

A/S

(Denmark)

(

83,213

)

(

1,983,407

)

W

R

Berkley

Corp.

(

55,510

)

(

3,679,203

)

Willis

Towers

Watson

plc

(

27,736

)

(

8,062,855

)

(

144,428,992

)

Total

Financials

(

420,293,945

)

Health

Care

-

(

11

.3

)

%

Biotechnology

-

(

3

.1

)

%

AbbVie,

Inc.

(

25,992

)

(

5,653,000

)

Alnylam

Pharmaceuticals,

Inc.

(

26,132

)

(

8,646,295

)

Apellis

Pharmaceuticals,

Inc.

(

264,636

)

(

10,646,306

)

Argenx

SE

(Netherlands)

(2)

(

7,108

)

(

5,158,553

)

Arrowhead

Pharmaceuticals,

Inc.

(

70,716

)

(

4,433,893

)

CSL

Ltd.

(Australia)

(2)

(

36,255

)

(

3,560,929

)

Cytokinetics,

Inc.

(

79,077

)

(

5,211,965

)

Insmed,

Inc.

(

44,601

)

(

7,293,156

)

Ionis

Pharmaceuticals,

Inc.

(

217,308

)

(

16,317,658

)

Moderna,

Inc.

(

29,069

)

(

1,476,705

)

Natera,

Inc.

(

31,995

)

(

6,398,680

)

Revolution

Medicines,

Inc.

(

36,614

)

(

3,560,712

)

Summit

Therapeutics,

Inc.

(

185,243

)

(

3,512,207

)

Swedish

Orphan

Biovitrum

AB

(Sweden)

(2)

(

28,423

)

(

1,191,221

)

Telix

Pharmaceuticals

Ltd.

(Australia)

(2)

(

125,714

)

(

1,203,586

)

Vertex

Pharmaceuticals,

Inc.

(

14,161

)

(

6,323,453

)

Viking

Therapeutics,

Inc.

(

35,232

)

(

1,146,449

)

(

91,734,768

)

Health

Care

Equipment

&

Supplies

-

(

2

.8

)

%

Abbott

Laboratories

(

62,210

)

(

6,387,101

)

Alcon

AG

(2)

(

40,614

)

(

3,070,021

)

Baxter

International,

Inc.

(

106,841

)

(

1,794,929

)

Becton

Dickinson

&

Co.

(

59,152

)

(

9,300,469

)

BioMerieux

(France)

(2)

(

10,094

)

(

1,078,381

)

Boston

Scientific

Corp.

(

44,022

)

(

2,762,380

)

Cochlear

Ltd.

(Australia)

(2)

(

33,335

)

(

3,922,552

)

Coloplast

A/S,

Class

B

(Denmark)

(2)

(

90,577

)

(

6,170,009

)

Demant

A/S

(Denmark)

(2)

(

98,958

)

(

2,998,777

)

DiaSorin

SpA

(Italy)

(2)

(

29,068

)

(

2,036,587

)

Elekta

AB,

Class

B

(Sweden)

(2)

(

131,635

)

(

778,607

)

EssilorLuxottica

SA

(France)

(2)

(

21,509

)

(

5,012,137

)

GE

HealthCare

Technologies,

Inc.

(

20,543

)

(

1,462,251

)

Getinge

AB,

Class

B

(Sweden)

(2)

(

22,316

)

(

450,490

)

IDEXX

Laboratories,

Inc.

(

9,013

)

(

5,064,315

)

Inspire

Medical

Systems,

Inc.

(

29,754

)

(

1,534,711

)

Insulet

Corp.

(

5,747

)

(

1,205,950

)

Intuitive

Surgical,

Inc.

(

6,018

)

(

2,774,238

)

Medtronic

plc

(

72,801

)

(

6,308,207

)

Olympus

Corp.

(Japan)

(2)

(

546,400

)

(

5,205,733

)

ResMed,

Inc.

(

2,302

)

(

516,753

)

Siemens

Healthineers

AG

(Germany)

(2)(c)

(

71,193

)

(

3,037,525

)

INVESTMENTS

SHARES

VALUE

($)

Health

Care

Equipment

&

Supplies

-

(2.8)%

(continued)

Sonova

Holding

AG

(Registered)

(Switzerland)

(2)

(

7,814

)

(

1,781,697

)

Straumann

Holding

AG

(Registered)

(Switzerland)

(2)

(

52,503

)

(

5,493,028

)

Sysmex

Corp.

(Japan)

(2)

(

109,600

)

(

955,809

)

Teleflex,

Inc.

(

9,473

)

(

1,133,065

)

Terumo

Corp.

(Japan)

(2)

(

185,400

)

(

2,490,804

)

(

84,726,526

)

Health

Care

Providers

&

Services

-

(

2

.2

)

%

Acadia

Healthcare

Co.,

Inc.

(

18,949

)

(

443,217

)

Amplifon

SpA

(Italy)

(2)

(

19,868

)

(

219,200

)

Cencora,

Inc.

(

54,505

)

(

17,122,201

)

CVS

Health

Corp.

(

69,072

)

(

4,960,751

)

Elevance

Health,

Inc.

(

23,010

)

(

6,736,177

)

Galenica

AG

(Switzerland)

(2)(c)

(

5,453

)

(

620,813

)

Henry

Schein,

Inc.

(

33,869

)

(

2,496,145

)

Hims

&

Hers

Health,

Inc.

(

135,086

)

(

2,804,385

)

Humana,

Inc.

(

34,028

)

(

5,900,115

)

Labcorp

Holdings,

Inc.

(

10,902

)

(

2,908,763

)

McKesson

Corp.

(

5,558

)

(

4,809,671

)

Option

Care

Health,

Inc.

(

150,379

)

(

4,048,203

)

Quest

Diagnostics,

Inc.

(

12,249

)

(

2,400,559

)

Ramsay

Health

Care

Ltd.

(Australia)

(2)

(

65,251

)

(

1,774,753

)

Sonic

Healthcare

Ltd.

(Australia)

(2)

(

22,227

)

(

315,819

)

UnitedHealth

Group,

Inc.

(

30,000

)

(

8,117,700

)

(

65,678,472

)

Health

Care

Technology

-

(

0

.2

)

%

Certara,

Inc.

(

85,342

)

(

486,450

)

Doximity,

Inc.,

Class

A

(

71,101

)

(

1,656,653

)

M3,

Inc.

(Japan)

(2)

(

529,900

)

(

5,439,088

)

(

7,582,191

)

Life

Sciences

Tools

&

Services

-

(

1

.1

)

%

Bachem

Holding

AG,

Class

B

(Switzerland)

(2)

(

9,791

)

(

807,913

)

Bio-Techne

Corp.

(

75,324

)

(

3,936,432

)

Charles

River

Laboratories

International,

Inc.

(

3,948

)

(

681,030

)

Lonza

Group

AG

(Registered)

(Switzerland)

(2)

(

10,912

)

(

7,000,251

)

QIAGEN

NV

(2)

(

77,040

)

(

3,120,870

)

Repligen

Corp.

(

37,154

)

(

4,377,484

)

Revvity,

Inc.

(

26,807

)

(

2,348,561

)

Tecan

Group

AG

(Registered)

(Switzerland)

(2)

(

4,849

)

(

825,356

)

Tempus

AI,

Inc.,

Class

A

(

41,557

)

(

1,879,208

)

Thermo

Fisher

Scientific,

Inc.

(

9,457

)

(

4,648,399

)

Waters

Corp.

(

10,725

)

(

3,193,905

)

(

32,819,409

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

185

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Pharmaceuticals

-

(

1

.9

)

%

AstraZeneca

plc

(United

Kingdom)

(2)

(

22,209

)

(

4,342,748

)

Chugai

Pharmaceutical

Co.

Ltd.

(Japan)

(2)

(

133,200

)

(

7,345,778

)

Corcept

Therapeutics,

Inc.

(

97,899

)

(

3,946,309

)

Daiichi

Sankyo

Co.

Ltd.

(Japan)

(2)

(

193,100

)

(

3,454,687

)

Eisai

Co.

Ltd.

(Japan)

(2)

(

70,600

)

(

2,210,261

)

Financiere

de

Tubize

SA

(Belgium)

(2)

(

4,155

)

(

1,030,714

)

Galderma

Group

AG

(Switzerland)

(2)

(

14,314

)

(

2,813,185

)

Haleon

plc

(2)

(

907,979

)

(

4,493,584

)

Kyowa

Kirin

Co.

Ltd.

(Japan)

(2)

(

75,500

)

(

1,235,637

)

Merck

KGaA

(Germany)

(2)

(

34,968

)

(

4,442,816

)

Novo

Nordisk

A/S,

Class

B

(Denmark)

(2)

(

297,042

)

(

10,870,102

)

Perrigo

Co.

plc

(

88,022

)

(

945,356

)

Sandoz

Group

AG

(Switzerland)

(2)

(

94,449

)

(

7,400,163

)

Zoetis,

Inc.,

Class

A

(

12,890

)

(

1,523,727

)

(

56,055,067

)

Total

Health

Care

(

338,596,433

)

Industrials

-

(

18

.7

)

%

Aerospace

&

Defense

-

(

3

.4

)

%

AeroVironment,

Inc.

(

24,716

)

(

4,524,264

)

Axon

Enterprise,

Inc.

(

24,205

)

(

10,279,621

)

Babcock

International

Group

plc

(United

Kingdom)

(2)

(

186,948

)

(

2,902,295

)

BAE

Systems

plc

(United

Kingdom)

(2)

(

196,620

)

(

5,764,605

)

Boeing

Co.

(The)

(

44,068

)

(

8,770,854

)

Bombardier,

Inc.,

Class

B

(Canada)

(

10,431

)

(

1,844,752

)

GE

Aerospace

(

7,233

)

(

2,052,508

)

HEICO

Corp.

(

32,587

)

(

8,935,355

)

Hensoldt

AG

(Germany)

(2)

(

64,555

)

(

5,729,281

)

Hexcel

Corp.

(

31,821

)

(

2,575,274

)

Howmet

Aerospace,

Inc.

(

1,226

)

(

282,544

)

Kratos

Defense

&

Security

Solutions,

Inc.

(

60,125

)

(

4,239,414

)

L3Harris

Technologies,

Inc.

(

38,716

)

(

13,362,827

)

Loar

Holdings,

Inc.

(

71,176

)

(

4,077,673

)

MTU

Aero

Engines

AG

(Germany)

(2)

(

16,804

)

(

6,130,417

)

Rocket

Lab

Corp.

(

50,541

)

(

3,245,743

)

Rolls-Royce

Holdings

plc

(United

Kingdom)

(2)

(

352,117

)

(

5,349,511

)

StandardAero,

Inc.

(

61,267

)

(

1,582,527

)

TransDigm

Group,

Inc.

(

8,297

)

(

9,615,891

)

(

101,265,356

)

Air

Freight

&

Logistics

-

(

0

.7

)

%

CH

Robinson

Worldwide,

Inc.

(

47,297

)

(

7,854,613

)

Deutsche

Post

AG

(Germany)

(2)

(

19,593

)

(

1,032,687

)

DSV

A/S

(Denmark)

(2)

(

5,967

)

(

1,441,080

)

Expeditors

International

of

Washington,

Inc.

(

49,784

)

(

7,130,562

)

GXO

Logistics,

Inc.

(

33,311

)

(

1,727,175

)

INVESTMENTS

SHARES

VALUE

($)

Air

Freight

&

Logistics

-

(0.7)%

(continued)

SG

Holdings

Co.

Ltd.

(Japan)

(

88,400

)

(

823,537

)

(

20,009,654

)

Building

Products

-

(

1

.3

)

%

A

O

Smith

Corp.

(

60,493

)

(

3,988,908

)

AAON,

Inc.

(

35,442

)

(

2,932,826

)

Assa

Abloy

AB,

Class

B

(Sweden)

(2)

(

82,887

)

(

2,996,190

)

Belimo

Holding

AG

(Registered)

(Switzerland)

(2)

(

3,710

)

(

3,013,072

)

Builders

FirstSource,

Inc.

(

55,033

)

(

4,530,867

)

Carrier

Global

Corp.

(

23,136

)

(

1,302,788

)

Cie

de

Saint-Gobain

SA

(France)

(2)

(

40,577

)

(

3,359,550

)

Daikin

Industries

Ltd.

(Japan)

(2)

(

35,600

)

(

4,270,111

)

Fortune

Brands

Innovations,

Inc.

(

37,058

)

(

1,444,150

)

Geberit

AG

(Registered)

(Switzerland)

(2)

(

2,700

)

(

1,822,582

)

Hayward

Holdings,

Inc.

(

18,278

)

(

244,560

)

Nibe

Industrier

AB,

Class

B

(Sweden)

(2)

(

72,248

)

(

301,884

)

ROCKWOOL

A/S,

Class

B

(Denmark)

(2)

(

10,128

)

(

281,303

)

TOTO

Ltd.

(Japan)

(2)

(

36,600

)

(

1,210,045

)

Trane

Technologies

plc

(

13,883

)

(

5,785,601

)

Trex

Co.,

Inc.

(

13,944

)

(

507,841

)

(

37,992,278

)

Commercial

Services

&

Supplies

-

(

1

.4

)

%

Cintas

Corp.

(

7,604

)

(

1,286,141

)

Cleanaway

Waste

Management

Ltd.

(Australia)

(2)

(

871,791

)

(

1,380,546

)

Element

Fleet

Management

Corp.

(Canada)

(

56,704

)

(

1,229,789

)

GFL

Environmental,

Inc.

(

34,566

)

(

1,441,927

)

MSA

Safety,

Inc.

(

7,406

)

(

1,214,214

)

RB

Global,

Inc.

(Canada)

(

37,184

)

(

3,566,039

)

Rentokil

Initial

plc

(United

Kingdom)

(2)

(

262,760

)

(

1,630,669

)

Republic

Services,

Inc.,

Class

A

(

27,959

)

(

6,123,580

)

Rollins,

Inc.

(

73,930

)

(

3,948,601

)

Secom

Co.

Ltd.

(Japan)

(2)

(

103,700

)

(

3,950,018

)

SPIE

SA

(France)

(2)

(

89,881

)

(

4,500,848

)

Tetra

Tech,

Inc.

(

130,463

)

(

3,929,546

)

Waste

Management,

Inc.

(

26,952

)

(

6,193,300

)

(

40,395,218

)

Construction

&

Engineering

-

(

0

.9

)

%

API

Group

Corp.

(

92,062

)

(

3,730,352

)

Dycom

Industries,

Inc.

(

20,863

)

(

7,068,802

)

Ferrovial

SE

(2)

(

86,788

)

(

5,646,118

)

HOCHTIEF

AG

(Germany)

(2)

(

3,599

)

(

1,637,082

)

WillScot

Holdings

Corp.

(

420,107

)

(

7,293,058

)

WSP

Global,

Inc.

(Canada)

(

17,919

)

(

2,788,774

)

(

28,164,186

)

186

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Electrical

Equipment

-

(

1

.7

)

%

Bloom

Energy

Corp.,

Class

A

(

6,332

)

(

857,923

)

Eaton

Corp.

plc

(

15,848

)

(

5,668,354

)

Emerson

Electric

Co.

(

55,576

)

(

7,281,568

)

Fuji

Electric

Co.

Ltd.

(Japan)

(2)

(

32,800

)

(

2,297,708

)

Fujikura

Ltd.

(Japan)

(2)

(

174,000

)

(

4,785,354

)

Generac

Holdings,

Inc.

(

13,945

)

(

2,723,877

)

Hubbell,

Inc.,

Class

B

(

14,076

)

(

6,907,656

)

NIDEC

Corp.

(Japan)

(2)

(

241,500

)

(

3,066,619

)

NKT

A/S

(Denmark)

(2)

(

2,653

)

(

345,370

)

Prysmian

SpA

(Italy)

(2)

(

2,653

)

(

313,296

)

Regal

Rexnord

Corp.

(

25,618

)

(

4,797,227

)

Rockwell

Automation,

Inc.

(

14,445

)

(

5,184,022

)

Schneider

Electric

SE

(2)

(

27,045

)

(

7,366,560

)

Sensata

Technologies

Holding

plc

(

19,438

)

(

684,606

)

(

52,280,140

)

Ground

Transportation

-

(

1

.1

)

%

Avis

Budget

Group,

Inc.

(

46,316

)

(

6,755,189

)

Canadian

National

Railway

Co.

(Canada)

(

13,978

)

(

1,438,696

)

Canadian

Pacific

Kansas

City

Ltd.

(Canada)

(

3,847

)

(

302,732

)

East

Japan

Railway

Co.

(Japan)

(2)

(

59,500

)

(

1,360,852

)

Grab

Holdings

Ltd.,

Class

A

(Singapore)

(

2,407,239

)

(

8,810,495

)

Hankyu

Hanshin

Holdings,

Inc.

(Japan)

(2)

(

14,100

)

(

407,702

)

Keisei

Electric

Railway

Co.

Ltd.

(Japan)

(2)

(

335,900

)

(

2,513,191

)

Lyft,

Inc.,

Class

A

(

235,819

)

(

3,136,393

)

Old

Dominion

Freight

Line,

Inc.

(

2,309

)

(

451,179

)

Seibu

Holdings,

Inc.

(Japan)

(2)

(

40,000

)

(

1,117,551

)

Tokyu

Corp.

(Japan)

(2)

(

106,900

)

(

1,261,854

)

Uber

Technologies,

Inc.

(

82,663

)

(

5,945,949

)

U-Haul

Holding

Co.

(

8,972

)

(

400,779

)

(

33,902,562

)

Industrial

Conglomerates

-

(

0

.5

)

%

Hitachi

Ltd.

(Japan)

(2)

(

95,600

)

(

2,804,473

)

Lifco

AB,

Class

B

(Sweden)

(2)

(

102,658

)

(

3,105,651

)

Siemens

AG

(Registered)

(Germany)

(2)

(

30,584

)

(

7,451,305

)

Smiths

Group

plc

(United

Kingdom)

(2)

(

8,718

)

(

266,040

)

(

13,627,469

)

Machinery

-

(

3

.4

)

%

Atlas

Copco

AB,

Class

A

(Sweden)

(2)

(

663,121

)

(

11,701,981

)

Crane

Co.

(

5,687

)

(

972,477

)

Daifuku

Co.

Ltd.

(Japan)

(2)

(

282,300

)

(

9,967,753

)

Ebara

Corp.

(Japan)

(2)

(

150,300

)

(

4,254,713

)

Esab

Corp.

(

31,270

)

(

3,022,558

)

Fortive

Corp.

(

33,447

)

(

1,848,950

)

Georg

Fischer

AG

(Registered)

(Switzerland)

(2)

(

20,669

)

(

1,066,297

)

Hoshizaki

Corp.

(Japan)

(2)

(

28,900

)

(

930,353

)

INVESTMENTS

SHARES

VALUE

($)

Machinery

-

(3.4)%

(continued)

Husqvarna

AB,

Class

B

(Sweden)

(2)

(

78,812

)

(

312,103

)

IDEX

Corp.

(

17,429

)

(

3,303,667

)

IHI

Corp.

(Japan)

(2)

(

97,200

)

(

2,005,528

)

Indutrade

AB

(Sweden)

(2)

(

106,855

)

(

2,450,064

)

Ingersoll

Rand,

Inc.

(

118,189

)

(

9,469,303

)

Kone

OYJ,

Class

B

(Finland)

(2)

(

13,003

)

(

830,121

)

Middleby

Corp.

(The)

(

3,272

)

(

433,802

)

MINEBEA

MITSUMI,

Inc.

(Japan)

(2)

(

17,700

)

(

293,910

)

Mitsubishi

Heavy

Industries

Ltd.

(Japan)

(2)

(

65,600

)

(

1,802,469

)

Otis

Worldwide

Corp.

(

75,325

)

(

5,806,051

)

Rational

AG

(Germany)

(2)

(

884

)

(

648,547

)

RENK

Group

AG

(Germany)

(2)

(

89,584

)

(

5,354,587

)

Schindler

Holding

AG

(Switzerland)

(2)

(

1,245

)

(

410,094

)

SMC

Corp.

(Japan)

(2)

(

21,900

)

(

8,613,233

)

Spirax

Group

plc

(United

Kingdom)

(2)

(

7,349

)

(

659,307

)

SPX

Technologies,

Inc.

(

20,650

)

(

4,128,761

)

Sulzer

AG

(Registered)

(Switzerland)

(2)

(

2,826

)

(

592,459

)

Terex

Corp.

(

16,862

)

(

996,544

)

TOMRA

Systems

ASA

(Norway)

(2)

(

112,699

)

(

1,358,719

)

Trelleborg

AB,

Class

B

(Sweden)

(2)

(

9,090

)

(

339,962

)

Valmet

OYJ

(Finland)

(2)

(

14,113

)

(

403,823

)

VAT

Group

AG

(Switzerland)

(2)(c)

(

2,651

)

(

1,653,805

)

Volvo

AB,

Class

B

(Sweden)

(2)

(

145,110

)

(

4,771,118

)

Weir

Group

plc

(The)

(United

Kingdom)

(2)

(

98,668

)

(

3,700,319

)

Xylem,

Inc.

(

50,224

)

(

6,001,768

)

Yaskawa

Electric

Corp.

(Japan)

(2)

(

102,600

)

(

2,709,842

)

(

102,814,988

)

Marine

Transportation

-

(

0

.1

)

%

Kirby

Corp.

(

2,155

)

(

286,357

)

Kuehne

+

Nagel

International

AG

(Registered)

(Switzerland)

(2)

(

13,431

)

(

3,075,769

)

(

3,362,126

)

Passenger

Airlines

-

(

0

.2

)

%

Alaska

Air

Group,

Inc.

(

58,356

)

(

2,146,334

)

Singapore

Airlines

Ltd.

(Singapore)

(2)

(

242,500

)

(

1,250,498

)

Southwest

Airlines

Co.

(

63,848

)

(

2,398,769

)

(

5,795,601

)

Professional

Services

-

(

1

.6

)

%

Amentum

Holdings,

Inc.

(

89,617

)

(

2,337,211

)

Arcadis

NV

(Netherlands)

(2)

(

27,595

)

(

882,814

)

Automatic

Data

Processing,

Inc.

(

19,495

)

(

3,960,994

)

BayCurrent,

Inc.

(Japan)

(2)

(

164,600

)

(

4,764,567

)

Bureau

Veritas

SA

(France)

(2)

(

41,152

)

(

1,231,737

)

Clarivate

plc

(

426,214

)

(

1,078,321

)

Exponent,

Inc.

(

12,868

)

(

839,637

)

FTI

Consulting,

Inc.

(

6,169

)

(

1,090,494

)

Parsons

Corp.

(

24,259

)

(

1,314,110

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

187

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Professional

Services

-

(1.6)%

(continued)

Paychex,

Inc.

(

54,905

)

(

5,057,849

)

Paycom

Software,

Inc.

(

19,128

)

(

2,324,817

)

Randstad

NV

(Netherlands)

(2)

(

28,995

)

(

756,765

)

Recruit

Holdings

Co.

Ltd.

(Japan)

(2)

(

155,400

)

(

6,770,773

)

SGS

SA

(Registered)

(Switzerland)

(2)

(

25,724

)

(

2,711,027

)

Teleperformance

SE

(France)

(2)

(

10,122

)

(

594,798

)

Thomson

Reuters

Corp.

(Canada)

(

53,712

)

(

4,848,019

)

UL

Solutions,

Inc.,

Class

A

(

43,491

)

(

3,727,614

)

Wolters

Kluwer

NV

(Netherlands)

(2)

(

28,144

)

(

2,102,026

)

(

46,393,573

)

Trading

Companies

&

Distributors

-

(

2

.3

)

%

AddTech

AB,

Class

B

(Sweden)

(2)

(

101,553

)

(

3,484,785

)

Beijer

Ref

AB,

Class

B

(Sweden)

(2)

(

71,151

)

(

986,375

)

Brenntag

SE

(Germany)

(2)

(

45,814

)

(

3,103,360

)

Bunzl

plc

(United

Kingdom)

(2)

(

163,192

)

(

4,912,968

)

Core

&

Main,

Inc.,

Class

A

(

13,212

)

(

652,673

)

Diploma

plc

(United

Kingdom)

(2)

(

25,694

)

(

2,051,460

)

Fastenal

Co.

(

199,238

)

(

9,244,643

)

GATX

Corp.

(

11,313

)

(

1,931,581

)

IMCD

NV

(Netherlands)

(2)

(

6,524

)

(

682,710

)

ITOCHU

Corp.

(Japan)

(2)

(

801,100

)

(

10,190,386

)

Mitsubishi

Corp.

(Japan)

(2)

(

159,800

)

(

5,482,094

)

MonotaRO

Co.

Ltd.

(Japan)

(2)

(

448,300

)

(

4,859,357

)

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

(

27,130

)

(

2,503,285

)

QXO,

Inc.

(

656,957

)

(

12,758,105

)

Reece

Ltd.

(Australia)

(2)

(

47,190

)

(

439,111

)

RS

GROUP

plc

(United

Kingdom)

(2)

(

52,987

)

(

396,764

)

Sunbelt

Rentals

Holdings,

Inc.

(2)

(

10,603

)

(

676,380

)

United

Rentals,

Inc.

(

2,621

)

(

1,909,556

)

Watsco,

Inc.

(

8,262

)

(

3,005,633

)

(

69,271,226

)

Transportation

Infrastructure

-

(

0

.1

)

%

Aeroports

de

Paris

SA

(France)

(2)

(

7,210

)

(

880,825

)

Atlas

Arteria

Ltd.

(Australia)

(2)

(

513,107

)

(

1,521,676

)

Transurban

Group

(Australia)

(2)

(

206,651

)

(

2,015,848

)

(

4,418,349

)

Total

Industrials

(

559,692,726

)

Information

Technology

-

(

12

.5

)

%

Communications

Equipment

-

(

0

.6

)

%

Arista

Networks,

Inc.

(

55,052

)

(

6,759,285

)

Cisco

Systems,

Inc.

(

3,635

)

(

282,040

)

F5,

Inc.

(

31,532

)

(

9,123,153

)

Lumentum

Holdings,

Inc.

(

371

)

(

260,724

)

Motorola

Solutions,

Inc.

(

7,221

)

(

3,133,697

)

(

19,558,899

)

Electronic

Equipment,

Instruments

&

Components

-

(

2

.0

)

%

Belden,

Inc.

(

18,938

)

(

2,174,650

)

CDW

Corp.

(

18,783

)

(

2,273,119

)

Coherent

Corp.

(

12,128

)

(

2,889,011

)

INVESTMENTS

SHARES

VALUE

($)

Electronic

Equipment,

Instruments

&

Components

-

(2.0)%

(continued)

Corning,

Inc.

(

24,418

)

(

3,320,115

)

Crane

NXT

Co.

(

70,029

)

(

2,842,477

)

Hexagon

AB,

Class

B

(Sweden)

(2)

(

243,419

)

(

2,368,982

)

Ibiden

Co.

Ltd.

(Japan)

(2)

(

222,200

)

(

11,119,001

)

Jabil,

Inc.

(

1,063

)

(

282,365

)

Keyence

Corp.

(Japan)

(2)

(

52,900

)

(

18,827,500

)

Keysight

Technologies,

Inc.

(

5,935

)

(

1,675,866

)

Littelfuse,

Inc.

(

6,600

)

(

2,239,710

)

Novanta,

Inc.

(

28,191

)

(

3,329,639

)

Omron

Corp.

(Japan)

(2)

(

13,500

)

(

388,383

)

Ralliant

Corp.

(

54,060

)

(

2,248,355

)

Shimadzu

Corp.

(Japan)

(2)

(

68,500

)

(

1,627,756

)

Vontier

Corp.

(

28,307

)

(

1,004,049

)

Zebra

Technologies

Corp.,

Class

A

(

11,821

)

(

2,471,535

)

(

61,082,513

)

IT

Services

-

(

2

.0

)

%

ASGN,

Inc.

(

27,342

)

(

1,058,409

)

Bechtle

AG

(Germany)

(2)

(

19,602

)

(

675,988

)

Capgemini

SE

(France)

(2)

(

27,922

)

(

3,294,753

)

CGI,

Inc.

(Canada)

(

48,591

)

(

3,552,372

)

Globant

SA

(

38,604

)

(

1,780,030

)

Indra

Sistemas

SA

(Spain)

(2)

(

85,080

)

(

4,755,158

)

MongoDB,

Inc.,

Class

A

(

28,924

)

(

7,079,727

)

NEXTDC

Ltd.

(Australia)

(2)

(

364,985

)

(

2,918,047

)

Nomura

Research

Institute

Ltd.

(Japan)

(2)

(

281,000

)

(

7,690,308

)

Obic

Co.

Ltd.

(Japan)

(

159,600

)

(

3,873,723

)

Reply

SpA

(Italy)

(2)

(

9,986

)

(

939,775

)

Shopify,

Inc.,

Class

A

(Canada)

(

91,287

)

(

10,831,595

)

Snowflake,

Inc.,

Class

A

(

31,836

)

(

4,801,506

)

TIS,

Inc.

(Japan)

(2)

(

71,000

)

(

1,518,081

)

Twilio,

Inc.,

Class

A

(

30,231

)

(

3,803,664

)

(

58,573,136

)

Semiconductors

&

Semiconductor

Equipment

-

(

3

.2

)

%

Advanced

Micro

Devices,

Inc.

(

34,360

)

(

6,989,855

)

Allegro

MicroSystems,

Inc.

(Japan)

(

58,006

)

(

1,828,929

)

Analog

Devices,

Inc.

(

5,567

)

(

1,771,085

)

Astera

Labs,

Inc.

(

53,922

)

(

5,909,851

)

Credo

Technology

Group

Holding

Ltd.

(

15,719

)

(

1,475,543

)

Enphase

Energy,

Inc.

(

108,234

)

(

4,092,328

)

Entegris,

Inc.

(

19,906

)

(

2,333,779

)

Infineon

Technologies

AG

(Germany)

(2)

(

179,258

)

(

8,132,243

)

Kioxia

Holdings

Corp.

(Japan)

(2)

(

10,200

)

(

1,332,121

)

KLA

Corp.

(

2,732

)

(

4,022,624

)

Lasertec

Corp.

(Japan)

(2)

(

45,200

)

(

10,060,326

)

MACOM

Technology

Solutions

Holdings,

Inc.

(

1,210

)

(

268,705

)

Marvell

Technology,

Inc.

(

16,951

)

(

1,678,997

)

Microchip

Technology,

Inc.

(

46,378

)

(

2,996,483

)

NVIDIA

Corp.

(

66,437

)

(

11,586,613

)

188

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Semiconductors

&

Semiconductor

Equipment

-

(3.2)%

(continued)

NXP

Semiconductors

NV

(Netherlands)

(

27,035

)

(

5,322,110

)

ON

Semiconductor

Corp.

(

22,484

)

(

1,392,209

)

SCREEN

Holdings

Co.

Ltd.

(Japan)

(2)

(

111,800

)

(

6,660,660

)

Skyworks

Solutions,

Inc.

(

54,379

)

(

2,911,995

)

STMicroelectronics

NV

(Singapore)

(2)

(

55,554

)

(

1,890,425

)

Synaptics,

Inc.

(

33,098

)

(

2,318,184

)

Technoprobe

SpA

(Italy)

(2)

(

87,783

)

(

1,471,119

)

Tokyo

Electron

Ltd.

(Japan)

(2)

(

32,200

)

(

8,000,121

)

Universal

Display

Corp.

(

5,558

)

(

509,446

)

(

94,955,751

)

Software

-

(

3

.9

)

%

Appfolio,

Inc.,

Class

A

(

30,844

)

(

4,867,800

)

Bentley

Systems,

Inc.,

Class

B

(

132,604

)

(

4,657,053

)

BILL

Holdings,

Inc.

(

39,145

)

(

1,499,254

)

Blackbaud,

Inc.

(

9,242

)

(

356,834

)

Cadence

Design

Systems,

Inc.

(

12,384

)

(

3,441,142

)

CCC

Intelligent

Solutions

Holdings,

Inc.

(

108,317

)

(

649,902

)

Constellation

Software,

Inc.

(Canada)

(

2,463

)

(

4,323,644

)

Crowdstrike

Holdings,

Inc.,

Class

A

(

24,565

)

(

9,590,422

)

Dassault

Systemes

SE

(France)

(2)

(

420,889

)

(

8,520,582

)

Descartes

Systems

Group,

Inc.

(The)

(Canada)

(

14,590

)

(

1,045,035

)

Dolby

Laboratories,

Inc.,

Class

A

(

20,320

)

(

1,220,419

)

Dropbox,

Inc.,

Class

A

(

70,335

)

(

1,598,011

)

Dynatrace,

Inc.

(

22,631

)

(

836,894

)

Guidewire

Software,

Inc.

(

21,361

)

(

3,194,751

)

HubSpot,

Inc.

(

17,448

)

(

4,259,057

)

Intuit,

Inc.

(

16,666

)

(

7,206,045

)

Manhattan

Associates,

Inc.

(

10,118

)

(

1,346,908

)

Nemetschek

SE

(Germany)

(2)

(

9,636

)

(

721,351

)

Open

Text

Corp.

(Canada)

(

94,400

)

(

2,103,659

)

Oracle

Corp.

Japan

(Japan)

(

14,500

)

(

786,374

)

Palo

Alto

Networks,

Inc.

(

74,847

)

(

11,999,471

)

PTC,

Inc.

(

10,874

)

(

1,549,436

)

Qualys,

Inc.

(

11,265

)

(

989,630

)

Roper

Technologies,

Inc.

(

14,133

)

(

5,001,103

)

Rubrik,

Inc.,

Class

A

(

71,751

)

(

3,513,646

)

Samsara,

Inc.,

Class

A

(

91,550

)

(

2,901,220

)

SAP

SE

(Germany)

(2)

(

14,840

)

(

2,529,962

)

ServiceNow,

Inc.

(

33,632

)

(

3,516,226

)

Trend

Micro,

Inc.

(Japan)

(2)

(

118,700

)

(

3,957,052

)

Tyler

Technologies,

Inc.

(

7,217

)

(

2,470,956

)

UiPath,

Inc.,

Class

A

(

300,368

)

(

3,334,085

)

WiseTech

Global

Ltd.

(Australia)

(2)

(

123,243

)

(

3,325,166

)

Workday,

Inc.,

Class

A

(

35,825

)

(

4,654,384

)

Xero

Ltd.

(New

Zealand)

(2)

(

10,616

)

(

561,054

)

Zscaler,

Inc.

(

25,923

)

(

3,636,738

)

(

116,165,266

)

INVESTMENTS

SHARES

VALUE

($)

Technology

Hardware,

Storage

&

Peripherals

-

(

0

.8

)

%

Apple,

Inc.

(

18,061

)

(

4,583,701

)

Everpure,

Inc.,

Class

A

(

50,287

)

(

2,968,945

)

FUJIFILM

Holdings

Corp.

(Japan)

(2)

(

193,500

)

(

3,687,268

)

HP,

Inc.

(

185,583

)

(

3,565,049

)

IonQ,

Inc.

(

104,108

)

(

3,001,434

)

NetApp,

Inc.

(

48,237

)

(

4,938,986

)

Ricoh

Co.

Ltd.

(Japan)

(2)

(

47,300

)

(

399,851

)

Super

Micro

Computer,

Inc.

(

77,051

)

(

1,754,451

)

(

24,899,685

)

Total

Information

Technology

(

375,235,250

)

Materials

-

(

6

.3

)

%

Chemicals

-

(

3

.2

)

%

Air

Liquide

SA

(France)

(2)

(

15,563

)

(

3,216,849

)

Air

Products

and

Chemicals,

Inc.

(

25,147

)

(

7,304,952

)

Arkema

SA

(France)

(2)

(

12,485

)

(

857,193

)

Asahi

Kasei

Corp.

(Japan)

(2)

(

100,500

)

(

983,340

)

Avient

Corp.

(

38,347

)

(

1,391,996

)

BASF

SE

(Germany)

(2)

(

52,800

)

(

3,251,974

)

Celanese

Corp.,

Class

A

(

75,045

)

(

4,935,710

)

Clariant

AG

(Registered)

(Switzerland)

(2)

(

130,901

)

(

1,284,267

)

Croda

International

plc

(United

Kingdom)

(2)

(

10,758

)

(

403,992

)

Eastman

Chemical

Co.

(

54,067

)

(

4,126,393

)

Ecolab,

Inc.

(

13,724

)

(

3,650,859

)

EMS-Chemie

Holding

AG

(Registered)

(Switzerland)

(2)

(

2,486

)

(

1,954,715

)

FMC

Corp.

(

63,875

)

(

1,099,928

)

Givaudan

SA

(Registered)

(Switzerland)

(2)

(

170

)

(

574,855

)

Nippon

Paint

Holdings

Co.

Ltd.

(Japan)

(2)

(

935,000

)

(

5,862,959

)

Nippon

Sanso

Holdings

Corp.

(Japan)

(2)

(

170,500

)

(

6,045,658

)

Nitto

Denko

Corp.

(Japan)

(2)

(

243,700

)

(

4,875,030

)

Novonesis

Novozymes,

Class

B

(Denmark)

(2)

(

200,405

)

(

11,906,299

)

Nutrien

Ltd.

(Canada)

(

3,797

)

(

286,624

)

PPG

Industries,

Inc.

(

43,197

)

(

4,616,895

)

Sherwin-Williams

Co.

(The)

(

26,365

)

(

8,451,301

)

Shin-Etsu

Chemical

Co.

Ltd.

(Japan)

(2)

(

168,800

)

(

6,873,336

)

Sika

AG

(Registered)

(Switzerland)

(2)

(

13,760

)

(

2,277,531

)

Symrise

AG,

Class

A

(Germany)

(2)

(

71,974

)

(

6,145,988

)

Wacker

Chemie

AG

(Germany)

(2)

(

9,298

)

(

920,470

)

Westlake

Corp.

(

7,080

)

(

827,086

)

(

94,126,200

)

Construction

Materials

-

(

0

.7

)

%

CRH

plc

(

37,447

)

(

3,936,429

)

James

Hardie

Industries

plc,

ADR

(

340,129

)

(

6,442,043

)

Knife

River

Corp.

(

30,838

)

(

2,517,923

)

Martin

Marietta

Materials,

Inc.

(

4,245

)

(

2,498,946

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

189

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Construction

Materials

-

(0.7)%

(continued)

Vulcan

Materials

Co.

(

24,603

)

(

6,699,397

)

(

22,094,738

)

Containers

&

Packaging

-

(

0

.6

)

%

Amcor

plc

(

167,233

)

(

6,647,512

)

CCL

Industries,

Inc.,

Class

B

(Canada)

(

15,873

)

(

994,530

)

Graphic

Packaging

Holding

Co.

(

180,873

)

(

1,797,878

)

Greif,

Inc.,

Class

A

(

7,270

)

(

487,599

)

International

Paper

Co.

(

65,608

)

(

2,342,205

)

SIG

Group

AG

(Switzerland)

(2)

(

164,975

)

(

2,473,032

)

Silgan

Holdings,

Inc.

(

59,372

)

(

2,303,633

)

(

17,046,389

)

Metals

&

Mining

-

(

1

.6

)

%

Capstone

Copper

Corp.

(Canada)

(

107,431

)

(

810,115

)

Cleveland-Cliffs,

Inc.

(

343,110

)

(

2,899,280

)

Equinox

Gold

Corp.

(Canada)

(

129,757

)

(

1,873,926

)

Fortescue

Ltd.

(Australia)

(2)

(

298,881

)

(

4,270,890

)

Hudbay

Minerals,

Inc.

(Canada)

(

33,912

)

(

710,126

)

Ivanhoe

Mines

Ltd.,

Class

A

(Congo,

Democratic

Republic

of

the)

(

127,170

)

(

1,086,947

)

Lynas

Rare

Earths

Ltd.

(Australia)

(2)

(

602,177

)

(

8,176,038

)

Mineral

Resources

Ltd.

(Australia)

(2)

(

80,922

)

(

3,108,445

)

MP

Materials

Corp.

(

143,009

)

(

6,901,614

)

Nucor

Corp.

(

22,953

)

(

3,881,352

)

PLS

Group

Ltd.

(Australia)

(2)

(

589,761

)

(

2,159,430

)

Royal

Gold,

Inc.

(

27,256

)

(

6,936,379

)

Steel

Dynamics,

Inc.

(

30,832

)

(

5,549,760

)

(

48,364,302

)

Paper

&

Forest

Products

-

(

0

.2

)

%

Holmen

AB,

Class

B

(Sweden)

(2)

(

25,480

)

(

913,711

)

Mondi

plc

(Austria)

(2)

(

30,796

)

(

348,168

)

Svenska

Cellulosa

AB

SCA,

Class

B

(Sweden)

(2)

(

193,011

)

(

2,237,840

)

UPM-Kymmene

OYJ

(Finland)

(2)

(

71,726

)

(

2,245,007

)

(

5,744,726

)

Total

Materials

(

187,376,355

)

Real

Estate

-

(

4

.4

)

%

Health

Care

REITs

-

(

1

.3

)

%

American

Healthcare

REIT,

Inc.,

REIT

(

222,039

)

(

10,471,359

)

Healthcare

Realty

Trust,

Inc.,

REIT

(

132,803

)

(

2,256,323

)

Healthpeak

Properties,

Inc.,

REIT

(

132,165

)

(

2,171,471

)

Ventas,

Inc.,

REIT

(

38,551

)

(

3,152,701

)

Welltower,

Inc.,

REIT

(

98,033

)

(

19,382,104

)

(

37,433,958

)

Industrial

REITs

-

(

0

.5

)

%

Americold

Realty

Trust,

Inc.,

REIT

(

57,365

)

(

657,403

)

EastGroup

Properties,

Inc.,

REIT

(

1,579

)

(

292,257

)

Prologis,

Inc.,

REIT

(

69,588

)

(

9,198,142

)

Rexford

Industrial

Realty,

Inc.,

REIT

(

64,013

)

(

2,095,145

)

INVESTMENTS

SHARES

VALUE

($)

Industrial

REITs

-

(0.5)%

(continued)

STAG

Industrial,

Inc.,

REIT

(

35,900

)

(

1,294,554

)

(

13,537,501

)

Office

REITs

-

(

0

.0

)

%

†

BXP,

Inc.,

REIT

(

19,481

)

(

1,011,064

)

Real

Estate

Management

&

Development

-

(

0

.3

)

%

CapitaLand

Investment

Ltd.

(Singapore)

(2)

(

256,000

)

(

544,922

)

CBRE

Group,

Inc.,

Class

A

(

13,402

)

(

1,815,435

)

CoStar

Group,

Inc.

(

94,165

)

(

3,798,616

)

Lendlease

Corp.

Ltd.

(Australia)

(2)

(

266,051

)

(

612,542

)

Zillow

Group,

Inc.,

Class

C

(

54,408

)

(

2,251,403

)

(

9,022,918

)

Residential

REITs

-

(

0

.6

)

%

AvalonBay

Communities,

Inc.,

REIT

(

31,771

)

(

5,189,793

)

Equity

LifeStyle

Properties,

Inc.,

REIT

(

52,194

)

(

3,257,949

)

Equity

Residential,

REIT

(

72,529

)

(

4,290,090

)

Independence

Realty

Trust,

Inc.,

REIT

(

74,695

)

(

1,112,209

)

Mid-America

Apartment

Communities,

Inc.,

REIT

(

14,482

)

(

1,768,542

)

UDR,

Inc.,

REIT

(

93,321

)

(

3,152,383

)

(

18,770,966

)

Retail

REITs

-

(

0

.7

)

%

Agree

Realty

Corp.,

REIT

(

16,626

)

(

1,253,268

)

Brixmor

Property

Group,

Inc.,

REIT

(

16,817

)

(

484,330

)

Kimco

Realty

Corp.,

REIT

(

78,186

)

(

1,756,839

)

Realty

Income

Corp.,

REIT

(

204,132

)

(

12,488,796

)

Regency

Centers

Corp.,

REIT

(

46,680

)

(

3,531,809

)

(

19,515,042

)

Specialized

REITs

-

(

1

.0

)

%

Crown

Castle,

Inc.,

REIT

(

81,205

)

(

6,602,779

)

Digital

Realty

Trust,

Inc.,

REIT

(

15,726

)

(

2,833,983

)

Extra

Space

Storage,

Inc.,

REIT

(

23,028

)

(

3,019,662

)

Public

Storage,

REIT

(

49,397

)

(

13,380,659

)

Rayonier,

Inc.,

REIT

(

144,050

)

(

2,970,311

)

VICI

Properties,

Inc.,

Class

A,

REIT

(

41,626

)

(

1,137,222

)

Weyerhaeuser

Co.,

REIT

(

33,591

)

(

820,628

)

(

30,765,244

)

Total

Real

Estate

(

130,056,693

)

Utilities

-

(

6

.1

)

%

Electric

Utilities

-

(

4

.1

)

%

Acciona

SA

(Spain)

(2)

(

3,526

)

(

927,206

)

Alliant

Energy

Corp.

(

137,482

)

(

9,865,708

)

BKW

AG

(Switzerland)

(2)

(

5,376

)

(

1,059,931

)

Duke

Energy

Corp.

(

103,613

)

(

13,567,086

)

Emera,

Inc.

(Canada)

(

23,239

)

(

1,204,633

)

Entergy

Corp.

(

105,357

)

(

11,837,913

)

Exelon

Corp.

(

76,631

)

(

3,756,452

)

FirstEnergy

Corp.

(

29,481

)

(

1,493,507

)

Fortis,

Inc.

(Canada)

(

47,352

)

(

2,641,786

)

190

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Electric

Utilities

-

(4.1)%

(continued)

Hydro

One

Ltd.

(Canada)

(c)

(

27,528

)

(

1,136,858

)

Iberdrola

SA

(Spain)

(2)

(

388,801

)

(

8,901,275

)

IDACORP,

Inc.

(

2,104

)

(

300,809

)

NextEra

Energy,

Inc.

(

174,292

)

(

16,188,241

)

NRG

Energy,

Inc.

(

2,055

)

(

300,318

)

Oklo,

Inc.

(

150,929

)

(

7,484,569

)

Origin

Energy

Ltd.

(Australia)

(2)

(

164,423

)

(

1,414,886

)

Pinnacle

West

Capital

Corp.

(

6,898

)

(

694,973

)

PPL

Corp.

(

82,847

)

(

3,164,755

)

Redeia

Corp.

SA

(Spain)

(2)

(

79,074

)

(

1,340,332

)

Southern

Co.

(The)

(

51,835

)

(

5,003,114

)

SSE

plc

(United

Kingdom)

(2)

(

279,120

)

(

9,648,789

)

Terna

-

Rete

Elettrica

Nazionale

(Italy)

(2)

(

1,035,045

)

(

11,838,236

)

Xcel

Energy,

Inc.

(

107,789

)

(

8,562,758

)

(

122,334,135

)

Gas

Utilities

-

(

0

.2

)

%

APA

Group

(Australia)

(2)

(

143,500

)

(

988,530

)

MDU

Resources

Group,

Inc.

(

101,274

)

(

2,098,397

)

UGI

Corp.

(

94,906

)

(

3,456,477

)

(

6,543,404

)

Independent

Power

and

Renewable

Electricity

Producers

-

(

0

.9

)

%

AES

Corp.

(The)

(

82,938

)

(

1,168,596

)

Brookfield

Renewable

Corp.

(Canada)

(

12,203

)

(

486,330

)

Clearway

Energy,

Inc.,

Class

C

(

139,912

)

(

5,497,143

)

ERG

SpA

(Italy)

(2)

(

54,573

)

(

1,393,324

)

Ormat

Technologies,

Inc.

(

83,825

)

(

9,381,694

)

Talen

Energy

Corp.

(

19,359

)

(

6,179,974

)

Vistra

Corp.

(

25,521

)

(

3,836,572

)

(

27,943,633

)

Multi-Utilities

-

(

0

.9

)

%

CenterPoint

Energy,

Inc.

(

6,881

)

(

296,984

)

Consolidated

Edison,

Inc.

(

35,481

)

(

4,015,739

)

Dominion

Energy,

Inc.

(

179,076

)

(

11,070,478

)

Engie

SA

(France)

(2)

(

138,013

)

(

4,447,808

)

Sembcorp

Industries

Ltd.

(Singapore)

(2)

(

305,400

)

(

1,585,992

)

Sempra

(

20,818

)

(

2,022,885

)

WEC

Energy

Group,

Inc.

(

19,832

)

(

2,295,951

)

(

25,735,837

)

Water

Utilities

-

(

0

.0

)

%

†

Pennon

Group

plc

(United

Kingdom)

(

39,803

)

(

278,958

)

United

Utilities

Group

plc

(United

Kingdom)

(2)

(

34,408

)

(

599,943

)

(

878,901

)

Total

Utilities

(

183,435,910

)

TOTAL

COMMON

STOCKS

(Proceeds

$(3,291,721,283))

(2,893,373,676)

INVESTMENTS

SHARES

VALUE

($)

PREFERRED

STOCKS

-

(0.3)%

Consumer

Discretionary

-

(

0

.2

)

%

Automobiles

-

(

0

.2

)

%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(Germany)

(2)(c)

(

112,357

)

(

5,118,348

)

Health

Care

-

(

0

.1

)

%

Life

Sciences

Tools

&

Services

-

(

0

.1

)

%

Sartorius

AG

(Preference)

(Germany)

(2)

(

19,538

)

(

4,888,734

)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(12,185,103))

(10,007,082)

TOTAL

SHORT

POSITIONS

(Proceeds

$(3,303,906,386))

(2,903,380,758)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

75.9%

(Cost

$1,463,393,871)

2,274,041,761

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

24.1%

‡

723,165,650

NET

ASSETS

-

100.0%

2,997,207,411

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(

914,888

)

      (0.0)

%

†

Consumer

Discretionary

40,405,299

1

.3

Consumer

Staples

(

41,839,408

)

(

1

.3

)

Energy

2,953,563

0

.1

Financials

60,032,656

2

.0

Health

Care

(

78,627,517

)

(

2

.6

)

Industrials

48,954,977

1

.6

Information

Technology

(

69,127,732

)

(

2

.3

)

Materials

51,903,188

1

.7

Purchased

Options

9,756,878

0

.3

Real

Estate

(

73,487,133

)

(

2

.5

)

Utilities

(

42,878,735

)

(

1

.4

)

Investment

Companies

727,382,552

24

.3

U.S.

Treasury

Obligations

1,639,528,061

54

.7

Total

Investments

In

Securities

At

Value

2,274,041,761

75

.9

Other

Assets

in

Excess

of

Liabilities

‡

723,165,650

24

.1

Net

Assets

$

2,997,207,411

100

.0

%

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

191

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange,

futures,

swap

and

written

option

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$2,741,801,008,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

In

addition,

$635,724,483

of

cash

collateral

was

also

pledged.

(b)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$361,695,660.

(c)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$19,877,956

of

investments

in

securities

and

$(37,419,615)

of

securities

sold

short,

which

represents

0.66%

and

(1.25)%

of

net

assets

of

the

Fund,

respectively.

(d)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(e)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(f)

For

the

period

ended

March

31,

2026,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

(g)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(h)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

(i)

Security

exempt

from

registration

pursuant

to

Regulation

S

under

the

Securities

Act

of

1933.

Regulation

S

applies

to

securities

offerings

that

are

made

outside

of

the

United

States

and

do

not

involve

direct

selling

efforts

in

the

United

States.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$(1,059,270)

of

securities

sold

short,

which

represents

(0.04)%

of

net

assets

of

the

Fund.

Affiliate

Value

At

12/31/2025

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2026

Shares

Held

At

3/31/2026

Distributions

Received**

SHORT-TERM

INVESTMENTS

-

23.1%

INVESTMENT

COMPANIES

-

23.1%

Limited

Purpose

Cash

Investment

Fund,

3.65%

(a)

(Cost

$690,779,966)

$427,533,862

$1,393,431,727

$(1,130,437,134)

$260,772

$–

$690,789,227

690,789,227

$5,605,483

**  

Distributions

received

include

dividend

income

and

capital

gains

distributions,

if

any,

from

the

underlying

fund.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2026.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

192

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Written

put

option

contracts

(premium-style)

outstanding

as

of

March

31,

2026:

Over-the-Counter

D

ESCRIPTION

COUNTERPARTY

NUMBER

OF

CONTRACTS

NOTIONAL

AMOUNT

EXERCISE

PRICE

EXPIRATION

DATE

PREMIUM

PAID

(RECEIVED)

VALUE

S&P

500

Index

JPMC

199

USD

(

129,917,548

)

USD

5,600

6/18/2026

$

(

1,298,702

)

$

(

1,090,618

)

$

(

1,298,702

)

$

(

1,090,618

)

Credit

default

swap

contracts

outstanding

-

buy

protection

as

of

March

31,

2026:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

PAID

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Main

Index

Series

45.V1

1

.00

%

Quarterly

6/20/2031

0

.71

%

EUR

2,274,000

$

(

34,090

)

$

(

2,724

)

$

(

36,814

)

iTraxx

Europe

Main

Index

Series

45.V1

1

.00

Quarterly

6/20/2031

0

.71

EUR

2,274,000

(

34,090

)

(

2,724

)

(

36,814

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

2,667,000

(

112,669

)

(

14,028

)

(

126,697

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

2,667,000

(

112,669

)

(

14,028

)

(

126,697

)

$

(

293,518

)

$

(

33,504

)

$

(

327,022

)

Credit

default

swap

contracts

outstanding

-

sell

protection

as

of

March

31,

2026

:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

RECEIVED

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

%

Quarterly

6/20/2031

3

.53

%

EUR

5,568,000

$

425,907

$

(

10,751

)

$

415,156

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

Quarterly

6/20/2031

3

.53

EUR

5,568,000

425,906

(

10,750

)

415,156

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

Quarterly

6/20/2031

0

.63

USD

8,464,000

141,363

7,554

148,917

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

Quarterly

6/20/2031

0

.63

USD

8,464,000

141,364

7,554

148,918

1,134,540

(

6,393

)

1,128,147

Markit

CDX

North

America

Emerging

Markets

Index

Series

45.V1

1

.00

%

Quarterly

6/20/2031

1

.94

%

USD

5,094,000

$

(

205,875

)

$

(

6,175

)

$

(

212,050

)

Markit

CDX

North

America

Emerging

Markets

Index

Series

45.V1

1

.00

Quarterly

6/20/2031

1

.94

USD

5,094,000

(

205,875

)

(

6,176

)

(

212,051

)

(

411,750

)

(

12,351

)

(

424,101

)

$

722,790

$

(

18,744

)

$

704,046

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

193

(Continued)

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2026:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

12,700,000

$

172,607

$

152

$

172,759

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

12,700,000

172,683

213

172,896

Pay

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

22,300,000

179,582

8,796

188,378

Pay

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

22,200,000

178,777

8,757

187,534

Pay

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

16,300,000

12,763

13,640

26,403

Pay

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

16,300,000

12,763

13,640

26,403

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

85,000,000

545

–

545

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

85,000,000

545

–

545

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

300,000

1,113

291

1,404

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

300,000

1,113

226

1,339

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

11,900,000

3,620

5,491

9,111

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

11,900,000

3,620

5,491

9,111

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

400,000

162

1,315

1,477

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

400,000

162

1,315

1,477

Pay

3M

STIBOR

Qtrly

3.00%

Annual

6/21/2028

SEK

578,600,000

279,518

–

279,518

Pay

3M

STIBOR

Qtrly

3.00%

Annual

6/21/2028

SEK

578,500,000

279,470

–

279,470

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

59,800,000

(

8,753

)

158,256

149,503

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

59,800,000

(

9,639

)

159,142

149,503

Pay

6M

BUBOR

Semi

7.50%

Annual

9/20/2028

HUF

760,200,000

1,897

–

1,897

Pay

6M

BUBOR

Semi

7.50%

Annual

9/20/2028

HUF

760,300,000

1,897

–

1,897

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/21/2028

EUR

16,500,000

29,119

9,913

39,032

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/21/2028

EUR

16,400,000

28,943

9,830

38,773

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

45,800,000

(

54,354

)

137,754

83,400

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

45,900,000

(

54,171

)

137,754

83,583

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

1,100,000

(

4,426

)

8,146

3,720

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

1,200,000

(

4,553

)

8,540

3,987

Pay

6M

NIBOR

Semi

4.50%

Annual

6/18/2036

NOK

25,000,000

12,965

(

614

)

12,351

Pay

6M

NIBOR

Semi

4.50%

Annual

6/18/2036

NOK

25,000,000

12,964

(

614

)

12,350

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

10,050,000,000

14,877

(

8,639

)

6,238

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

10,050,000,000

14,877

(

8,639

)

6,238

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

4,219,900,000

49,081

(

20,274

)

28,807

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

4,219,900,000

49,081

(

20,274

)

28,807

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

95,300,000

107,685

297,015

404,700

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

95,300,000

107,388

297,312

404,700

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

156,500,000

744,038

72,669

816,707

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

155,500,000

735,494

75,994

811,488

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

8,558,600,000

5,060

3,696

8,756

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

8,676,200,000

3,467

46,195

49,662

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

8,676,200,000

3,467

46,195

49,662

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

8,558,600,000

5,060

3,696

8,756

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

18,898,000,000

13,863

3,432

17,295

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

18,898,000,000

13,863

3,432

17,295

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

1,786,900,000

(

48,122

)

109,089

60,967

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

1,786,900,000

(

48,122

)

109,089

60,967

Receive

1D

MIBOR

Semi

6.50%

Semi

6/17/2031

INR

71,100,000

(

984

)

11,557

10,573

Receive

1D

MIBOR

Semi

6.50%

Semi

6/17/2031

INR

71,100,000

(

984

)

11,557

10,573

Receive

1D

MIBOR

Semi

6.50%

Semi

9/16/2031

INR

403,100,000

6,807

64,858

71,665

Receive

1D

MIBOR

Semi

6.50%

Semi

9/16/2031

INR

403,100,000

6,807

64,858

71,665

Receive

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

102,900,000

804,498

(

207,779

)

596,719

Receive

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

103,000,000

805,397

(

208,138

)

597,259

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2036

CHF

6,900,000

70,450

10,412

80,862

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2036

CHF

7,000,000

72,328

9,707

82,035

Receive

1D

SHIRON

Annual

3.50%

Annual

9/20/2028

ILS

6,900,000

9,100

3,075

12,175

Receive

1D

SHIRON

Annual

3.50%

Annual

9/20/2028

ILS

6,800,000

8,968

2,959

11,927

194

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

100,000

$

195

$

–

$

195

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

326,500,000

(

398,805

)

836,580

437,775

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

326,500,000

(

398,976

)

836,949

437,973

Receive

1D

SOFR

Annual

3.50%

Annual

6/18/2031

USD

100,000

(

964

)

1,568

604

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

46,600,000

24,638

272,370

297,008

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

46,600,000

24,573

272,436

297,009

Receive

1D

SONIA

Annual

4.00%

Annual

6/18/2031

GBP

1,100,000

24,573

(

9,937

)

14,636

Receive

1D

SONIA

Annual

4.00%

Annual

6/18/2031

GBP

1,000,000

23,944

(

10,638

)

13,306

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

148,000,000

191,492

1,829,612

2,021,104

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

148,000,000

195,398

1,825,833

2,021,231

Receive

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

295,200,000

4,536

1,511

6,047

Receive

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

295,200,000

4,536

1,511

6,047

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

30,128,000,000

(

27,396

)

307,092

279,696

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

30,128,000,000

(

27,396

)

307,093

279,697

Receive

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

6,929,800,000

(

189,632

)

977,396

787,764

Receive

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

6,929,700,000

(

189,641

)

977,394

787,753

Receive

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

2,206,100,000

101,184

214,341

315,525

Receive

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

2,206,100,000

101,184

214,341

315,525

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

272,500,000

268,393

286,684

555,077

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

272,400,000

268,337

286,536

554,873

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

363,700,000

1,195,035

(

396,736

)

798,299

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

363,800,000

1,194,800

(

396,237

)

798,563

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/21/2028

KRW

200,000

–

1

1

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

49,764,900,000

(

112,291

)

303,712

191,421

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

49,764,900,000

(

112,291

)

303,712

191,421

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

5,856,600,000

(

17,952

)

70,512

52,560

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

5,856,600,000

(

17,952

)

70,512

52,560

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

21,439,400,000

(

18,312

)

237,891

219,579

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

21,439,400,000

(

18,312

)

237,891

219,579

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

9/20/2028

ZAR

28,500,000

9,539

5,994

15,533

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

67,000,000

36

1,525

1,561

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

9/20/2028

ZAR

28,500,000

9,539

5,994

15,533

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

67,000,000

36

1,525

1,561

Receive

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2028

SEK

678,200,000

330,528

26,597

357,125

Receive

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2028

SEK

678,100,000

330,468

26,604

357,072

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

22,500,000

38,456

(

7,694

)

30,762

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

22,500,000

39,769

(

9,480

)

30,289

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

519,000,000

3,563

54,752

58,315

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

519,000,000

3,563

54,752

58,315

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

15,100,000

77,113

(

19,274

)

57,839

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

15,000,000

75,699

(

18,244

)

57,455

Receive

6M

BUBOR

Semi

7.00%

Annual

6/21/2028

HUF

35,200,000

646

(

115

)

531

Receive

6M

BUBOR

Semi

7.00%

Annual

6/21/2028

HUF

35,200,000

646

(

115

)

531

Receive

6M

BUBOR

Semi

7.00%

Annual

9/20/2028

HUF

1,010,000,000

32,217

(

14,444

)

17,773

Receive

6M

BUBOR

Semi

7.00%

Annual

9/20/2028

HUF

1,010,000,000

32,218

(

14,444

)

17,774

Receive

6M

BUBOR

Semi

7.00%

Annual

9/17/2031

HUF

595,000,000

16,011

(

1,804

)

14,207

Receive

6M

BUBOR

Semi

7.00%

Annual

9/17/2031

HUF

595,000,000

16,011

(

1,804

)

14,207

Receive

6M

EURIBOR

Semi

2.50%

Annual

9/17/2031

EUR

184,200,000

1,733,021

2,524,145

4,257,166

Receive

6M

EURIBOR

Semi

2.50%

Annual

9/17/2031

EUR

184,300,000

1,740,222

2,519,255

4,259,477

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2056

EUR

1,400,000

33,247

169

33,416

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2056

EUR

1,500,000

34,909

895

35,804

Receive

6M

NIBOR

Semi

4.00%

Annual

6/21/2028

NOK

1,500,700,000

282,003

2,347,379

2,629,382

Receive

6M

NIBOR

Semi

4.00%

Annual

6/21/2028

NOK

1,500,600,000

281,978

2,347,229

2,629,207

Receive

6M

NIBOR

Semi

4.50%

Annual

9/20/2028

NOK

1,251,900,000

191,883

720,438

912,321

Receive

6M

NIBOR

Semi

4.50%

Annual

9/20/2028

NOK

1,251,800,000

191,801

720,447

912,248

Receive

6M

NIBOR

Semi

4.50%

Annual

6/18/2031

NOK

65,500,000

36,528

(

4,402

)

32,126

Receive

6M

NIBOR

Semi

4.50%

Annual

6/18/2031

NOK

65,500,000

36,528

(

4,402

)

32,126

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

195

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

165,800,000

$

239,836

$

344,187

$

584,023

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

165,800,000

239,836

344,187

584,023

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

291,700,000

807,807

168,129

975,936

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

291,900,000

812,511

164,094

976,605

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

67,500,000

19,440

4,845

24,285

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

67,500,000

19,440

4,845

24,285

Receive

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

41,400,000

21,657

(

11,939

)

9,718

Receive

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

41,400,000

21,577

(

11,859

)

9,718

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

10,100,000

28,283

(

8,026

)

20,257

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

10,100,000

28,117

(

7,849

)

20,268

14,713,956

23,572,510

38,286,466

Pay

1D

CLICP

Semi

4.50%

Semi

9/20/2028

CLP

1,103,100,000

(

2,221

)

(

9,836

)

(

12,057

)

Pay

1D

CLICP

Semi

4.50%

Semi

9/20/2028

CLP

1,103,100,000

(

2,221

)

(

9,836

)

(

12,057

)

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

11,300,000

(

82,241

)

(

92,466

)

(

174,707

)

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

11,300,000

(

82,255

)

(

92,452

)

(

174,707

)

Pay

1D

SARON

Annual

0.50%

Annual

6/18/2036

CHF

1,100,000

(

11,844

)

1,245

(

10,599

)

Pay

1D

SARON

Annual

0.50%

Annual

6/18/2036

CHF

1,000,000

(

10,855

)

1,245

(

9,610

)

Pay

1D

SHIRON

Annual

3.50%

Annual

9/17/2031

ILS

2,400,000

3,791

(

15,323

)

(

11,532

)

Pay

1D

SHIRON

Annual

3.50%

Annual

9/17/2031

ILS

2,500,000

3,936

(

16,007

)

(

12,071

)

Pay

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

100,000

(

390

)

195

(

195

)

Pay

1D

SOFR

Annual

3.50%

Annual

6/18/2031

USD

100,000

(

577

)

(

27

)

(

604

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

27,600,000

(

585,054

)

(

320,235

)

(

905,289

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

27,600,000

(

586,595

)

(

318,694

)

(

905,289

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

5,000,000

(

52,879

)

(

65,616

)

(

118,495

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

4,900,000

(

51,501

)

(

64,624

)

(

116,125

)

Pay

1D

SONIA

Annual

4.00%

Annual

9/20/2028

GBP

68,400,000

(

418,247

)

(

46,676

)

(

464,923

)

Pay

1D

SONIA

Annual

4.00%

Annual

9/20/2028

GBP

68,400,000

(

413,360

)

(

51,564

)

(

464,924

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

4,300,000

(

98,810

)

(

177,952

)

(

276,762

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

4,300,000

(

99,936

)

(

176,825

)

(

276,761

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

13,400,000

(

717,289

)

(

156,743

)

(

874,032

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

13,300,000

(

706,713

)

(

160,886

)

(

867,599

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

14,400,000

17,893

(

77,397

)

(

59,504

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

14,500,000

18,253

(

78,191

)

(

59,938

)

Pay

1D

SORA

Semi

2.00%

Semi

9/17/2031

SGD

5,100,000

52,737

(

74,735

)

(

21,998

)

Pay

1D

SORA

Semi

2.00%

Semi

9/17/2031

SGD

5,000,000

52,109

(

73,661

)

(

21,552

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/14/2028

MXN

18,500,000

(

1,144

)

(

3,483

)

(

4,627

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/14/2028

MXN

18,600,000

(

1,150

)

(

3,502

)

(

4,652

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

9/10/2031

MXN

85,700,000

3,183

(

161,442

)

(

158,259

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

9/10/2031

MXN

85,700,000

3,183

(

161,442

)

(

158,259

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

15,565,400,000

(

165,050

)

(

1,267,079

)

(

1,432,129

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

15,565,300,000

(

165,027

)

(

1,267,092

)

(

1,432,119

)

Pay

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

1,354,500,000

(

149,004

)

796

(

148,208

)

Pay

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

1,354,500,000

(

149,004

)

796

(

148,208

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

3,459,700,000

(

378,714

)

(

732,158

)

(

1,110,872

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

3,459,700,000

(

378,729

)

(

732,144

)

(

1,110,873

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

2,437,400,000

(

406,182

)

(

463,444

)

(

869,626

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

2,437,400,000

(

406,182

)

(

463,443

)

(

869,625

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/18/2028

CNY

39,000,000

2,371

(

4,563

)

(

2,192

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/18/2028

CNY

39,000,000

2,371

(

4,563

)

(

2,192

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/16/2031

CNY

25,500,000

(

17,900

)

(

4,708

)

(

22,608

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/16/2031

CNY

25,500,000

(

17,902

)

(

4,708

)

(

22,610

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

3,200,000

12,082

(

15,694

)

(

3,612

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

3,300,000

12,305

(

16,031

)

(

3,726

)

196

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

104,300,000

$

(

501,426

)

$

108,347

$

(

393,079

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

104,300,000

(

501,486

)

108,408

(

393,078

)

Pay

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/21/2028

KRW

200,000

–

–

–

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

122,100,000

(

69,307

)

(

127,321

)

(

196,628

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

122,100,000

(

69,307

)

(

127,321

)

(

196,628

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

71,900,000

(

75,438

)

(

156,436

)

(

231,874

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

71,900,000

(

75,438

)

(

156,436

)

(

231,874

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

9,000,000

(

63,020

)

7,889

(

55,131

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

8,900,000

(

62,120

)

8,106

(

54,014

)

Pay

6M

BBR

Semi

5.00%

Semi

6/07/2046

AUD

200,000

(

272

)

(

2,298

)

(

2,570

)

Pay

6M

BBR

Semi

5.00%

Semi

6/07/2046

AUD

200,000

(

272

)

(

2,298

)

(

2,570

)

Pay

6M

BBR

Semi

5.00%

Semi

9/13/2046

AUD

4,500,000

(

86,539

)

27,703

(

58,836

)

Pay

6M

BBR

Semi

5.00%

Semi

9/13/2046

AUD

4,400,000

(

81,416

)

23,888

(

57,528

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/17/2031

HUF

684,400,000

(

30,048

)

(

109,567

)

(

139,615

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/17/2031

HUF

684,400,000

(

30,048

)

(

109,567

)

(

139,615

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/18/2036

EUR

8,200,000

159,126

(

233,872

)

(

74,746

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/18/2036

EUR

8,200,000

160,430

(

235,176

)

(

74,746

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

41,800,000

316,905

(

784,249

)

(

467,344

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

41,700,000

316,721

(

782,704

)

(

465,983

)

Pay

6M

NIBOR

Semi

4.00%

Annual

6/18/2031

NOK

75,000,000

(

11,102

)

(

188,607

)

(

199,709

)

Pay

6M

NIBOR

Semi

4.00%

Annual

6/18/2031

NOK

75,000,000

(

11,069

)

(

188,640

)

(

199,709

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

698,900,000

90,735

(

281,144

)

(

190,409

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

698,900,000

90,735

(

281,144

)

(

190,409

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/21/2028

CAD

300,000

(

580

)

(

235

)

(

815

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/21/2028

CAD

400,000

(

782

)

(

302

)

(

1,084

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

13,500,000

(

7,153

)

(

15,826

)

(

22,979

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

12,500,000

(

6,118

)

(

15,175

)

(

21,293

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

51,000,000

(

116,653

)

13,106

(

103,547

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

50,900,000

(

116,432

)

13,088

(

103,344

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

40,600,000

37,197

(

58,277

)

(

21,080

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

40,700,000

37,254

(

58,408

)

(

21,154

)

Receive

1D

CORRA

Semi

3.50%

Semi

6/18/2036

CAD

100,000

(

1,517

)

–

(

1,517

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

1,046,500,000

2,772

(

2,839

)

(

67

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

1,046,500,000

2,772

(

2,839

)

(

67

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

9/16/2031

COP

3,946,100,000

7,216

(

9,926

)

(

2,710

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

9/16/2031

COP

3,946,100,000

7,216

(

9,926

)

(

2,710

)

Receive

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

1,200,000

(

10,445

)

2,802

(

7,643

)

Receive

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

1,300,000

(

11,315

)

2,869

(

8,446

)

Receive

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

34,600,000

(

149,584

)

(

23,609

)

(

173,193

)

Receive

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

34,600,000

(

156,833

)

(

16,420

)

(

173,253

)

Receive

1D

SONIA

Annual

4.50%

Annual

6/18/2036

GBP

7,500,000

(

92,652

)

63,219

(

29,433

)

Receive

1D

SONIA

Annual

4.50%

Annual

6/18/2036

GBP

7,500,000

(

93,117

)

63,685

(

29,432

)

Receive

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

246,500,000

(

55,886

)

–

(

55,886

)

Receive

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

246,500,000

(

55,886

)

–

(

55,886

)

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

6/14/2028

MXN

15,600,000

(

3,513

)

–

(

3,513

)

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

6/14/2028

MXN

15,400,000

(

3,468

)

–

(

3,468

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

6/11/2031

MXN

1,300,000

(

836

)

(

8

)

(

844

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

6/11/2031

MXN

1,300,000

(

836

)

(

8

)

(

844

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

9/10/2031

MXN

32,000,000

(

10,928

)

(

886

)

(

11,814

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

9/10/2031

MXN

32,000,000

(

10,928

)

(

886

)

(

11,814

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

124,317,400,000

(

1,407,849

)

853,175

(

554,674

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

124,317,300,000

(

1,407,847

)

853,174

(

554,673

)

Receive

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

322,000,000

(

416,973

)

(

263,759

)

(

680,732

)

Receive

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

322,000,000

(

417,658

)

(

263,075

)

(

680,733

)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

4,700,000

(

25,710

)

(

799

)

(

26,509

)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

4,700,000

(

25,710

)

(

799

)

(

26,509

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

40,000,000

47,764

(

143,363

)

(

95,599

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

197

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

40,000,000

$

48,591

$

(

144,477

)

$

(

95,886

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

24,200,000

1,160

(

8,259

)

(

7,099

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

24,100,000

1,172

(

8,241

)

(

7,069

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

127,500,000

(

38,834

)

–

(

38,834

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

127,600,000

(

38,861

)

–

(

38,861

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2031

SEK

105,600,000

1,228

(

28,675

)

(

27,447

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2031

SEK

105,600,000

1,228

(

28,675

)

(

27,447

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

30,100,000

(

8,827

)

2,065

(

6,762

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

30,100,000

(

8,827

)

2,065

(

6,762

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

193,600,000

(

44,134

)

12,859

(

31,275

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

193,600,000

(

44,134

)

12,859

(

31,275

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

17,000,000

(

46,234

)

(

2,858

)

(

49,092

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

17,000,000

(

46,234

)

(

2,858

)

(

49,092

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/17/2031

HUF

165,000,000

(

3,699

)

–

(

3,699

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/17/2031

HUF

165,000,000

(

3,699

)

–

(

3,699

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/18/2031

EUR

27,700,000

61,792

(

185,190

)

(

123,398

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/18/2031

EUR

27,600,000

61,569

(

184,521

)

(

122,952

)

Receive

6M

NIBOR

Semi

5.00%

Annual

6/21/2028

NOK

129,100,000

(

27,982

)

2,754

(

25,228

)

Receive

6M

NIBOR

Semi

5.00%

Annual

6/21/2028

NOK

129,300,000

(

28,032

)

2,770

(

25,262

)

Receive

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

54,500,000

(

12,612

)

422

(

12,190

)

Receive

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

54,500,000

(

12,612

)

422

(

12,190

)

Receive

6M

NIBOR

Semi

4.50%

Annual

9/17/2036

NOK

34,100,000

(

13,926

)

(

10,573

)

(

24,499

)

Receive

6M

NIBOR

Semi

4.50%

Annual

9/17/2036

NOK

33,900,000

(

13,797

)

(

10,555

)

(

24,352

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

84,800,000

(

4,130

)

(

3,077

)

(

7,207

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

84,800,000

(

4,130

)

(

3,077

)

(

7,207

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

6/18/2031

CZK

6,200,000

(

3,398

)

2,376

(

1,022

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

6/18/2031

CZK

6,200,000

(

3,399

)

2,377

(

1,022

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

57,500,000

(

7,751

)

4,629

(

3,122

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

57,500,000

(

7,751

)

4,629

(

3,122

)

(

11,219,699

)

(

10,456,460

)

(

21,676,159

)

$

3,494,257

$

13,116,050

$

16,610,307

Abbreviations:

1D:

1

Day

1W:

1

Week

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

(a)

Floating

rate

indices

at

March

31,

2026

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

2.27%

1

Day

Chile

Indice

de

Camara

Promedio

Interbank

Overnight

Index

(“CLICP”):

4.78%

1

Day

Colombia

Overnight

Interbank

Rate

(“IBR”):

9.64%

1

Day

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIEOIS”):

6.94%

1

Day

Mumbai

Interbank

Overnight

Rate

(“MIBOR”):

6.98%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

3.68%

1

Day

Shekel

Interbank

Offered

Rate

(“SHIRON”):

4.00%

1

Day

Singapore

Overnight

Rate

Average

(“SORA”):

1.00%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

3.73%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

-0.07%

1

Day

Thailand

Overnight

Repo

Rate

(“THOR”):

0.99%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.72%

1

Week

China

Fixing

Repo

Rate

(“CNREPOFIX_CFXS”):

1.49%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.31%

198

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

3

Month

Hong

Kong

Interbank

Offered

Rate

(“HIBOR”):

2.36%

3

Month

Johannesburg

Interbank

Agreed

Rate

(“JIBAR”):

6.75%

3

Month

Korean

Certificate

of

Deposit

(“CD_KSDA”):

2.82%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

2.19%

3

Month

Taiwan

Secondary

Markets

Bills

Rate

(“TWCPBA”):

1.68%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.78%

6

Month

Budapest

Interbank

Offered

Rate

(“BUBOR”):

6.62%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

2.48%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.66%

6

Month

Prague

Interbank

Offered

Rate

(“PRIBOR”):

3.62%

6

Month

Warsaw

Interbank

Offered

Rate

(“WIBOR”):

3.79%

Total

return

swap

contracts

outstanding

as

of

March

31,

2026

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Amsterdam

Exchange

Index

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

MSCS

04/17/2026

EUR

(22,605,024)

$

640,864

Total

unrealized

appreciation

640,864

HSCEI

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MSCS

04/29/2026

HKD

63,513,200

(

160,239

)

iBovespa

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/15/2026

BRL

19,042,742

(

81,202

)

KOSPI

200

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MSCS

06/11/2026

KRW

19,667,812,500

(

289,592

)

Swiss

Market

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

Monthly

MLIN

06/19/2026

CHF

(19,261,440)

(

37,055

)

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/15/2026

TWD

262,022,800

(

470,085

)

Total

unrealized

depreciation

(

1,038,173

)

Net

unrealized

depreciation

$

(

397,309

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

199

(Continued)

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

104

4/2026

USD

$

10,812,880

$

362,628

EURO

STOXX

50

Volatility

Index

17

4/2026

EUR

55,608

2,139

Hang

Seng

Index

172

4/2026

HKD

27,150,564

(

377,809

)

IBEX

35

Index

26

4/2026

EUR

5,098,790

(

130,937

)

MSCI

Singapore

Index

595

4/2026

SGD

20,205,102

6,747

Natural

Gas

125

4/2026

USD

3,605,000

(

261,278

)

NY

Harbor

ULSD

141

4/2026

USD

24,361,924

3,729,284

RBOB

Gasoline

67

4/2026

USD

9,015,775

199,815

SGX

FTSE

Taiwan

Index

118

4/2026

USD

12,191,760

(

666,932

)

WTI

Crude

Oil

154

4/2026

USD

15,612,520

2,315,594

Canola

198

5/2026

CAD

2,083,192

3,385

CBOE

Volatility

Index

44

5/2026

USD

1,074,128

(

12,023

)

Coffee

'C'

514

5/2026

USD

57,506,962

1,173,142

Copper

276

5/2026

USD

38,736,600

(

387,258

)

Corn

380

5/2026

USD

8,697,250

288,178

Ethanol

20

5/2026

USD

1,684,200

17,889

Fcoj-a

27

5/2026

USD

769,500

33,728

Feeder

Cattle

37

5/2026

USD

6,779,787

426,405

French

Base

Electricity

62

5/2026

EUR

1,136,720

(

137,146

)

Italian

Base

Electricity

5

5/2026

EUR

531,924

(

68,400

)

KC

HRW

Wheat

140

5/2026

USD

4,448,500

72,485

LNG

Japan/Korea

Marker

9

5/2026

USD

1,653,660

(

32,567

)

Low

Sulphur

Gasoil

448

5/2026

USD

55,518,400

12,171,930

Milling

Wheat

No.

2

422

5/2026

EUR

4,993,532

49,956

Phelix

De

Base

Electricity

23

5/2026

EUR

1,665,779

(

135,680

)

Red

Wheat

59

5/2026

USD

1,942,575

44,997

SGX

IODEX

Iron

Ore

1,287

5/2026

USD

13,575,276

(

56,703

)

Silver

101

5/2026

USD

37,834,095

(

2,980,081

)

Soybean

Meal

458

5/2026

USD

14,491,120

(

55,385

)

Soybean

Oil

720

5/2026

USD

29,756,160

3,340,309

100

oz

Gold

252

6/2026

USD

117,900,720

3,226,823

CBOE

Volatility

Index

70

6/2026

USD

1,698,389

51,444

Crude

Oil

79

6/2026

USD

7,156,294

(

118,183

)

Crude

Palm

Oil

32

6/2026

MYR

953,915

56,140

DJIA

CBOT

E-Mini

Index

132

6/2026

USD

30,744,120

(

149,013

)

EURO

STOXX

50

Volatility

Index

1

6/2026

EUR

2,936

(

90

)

Euro-Bobl

169

6/2026

EUR

22,587,008

(

145,345

)

Italian

Base

Electricity

4

6/2026

EUR

1,478,799

72,928

Lean

Hogs

184

6/2026

USD

7,731,680

(

148,848

)

Live

Cattle

484

6/2026

USD

47,098,040

2,556,760

LME

Aluminum

Base

Metal

1,067

6/2026

USD

92,886,084

6,499,778

LME

Copper

Base

Metal

139

6/2026

USD

42,858,982

(

1,913,482

)

LME

Lead

Base

Metal

20

6/2026

USD

948,440

(

6,697

)

LME

Nickel

Base

Metal

485

6/2026

USD

49,720,231

(

691,466

)

LME

Zinc

Base

Metal

98

6/2026

USD

7,945,350

10,935

MSCI

Emerging

Markets

Index

206

6/2026

USD

14,982,380

(

433,254

)

NASDAQ

100

E-Mini

Index

24

6/2026

USD

11,479,200

(

322,098

)

Palladium

15

6/2026

USD

2,231,250

(

410,562

)

Phelix

De

Base

Electricity

9

6/2026

EUR

2,278,989

8,897

Russell

2000

E-Mini

Index

102

6/2026

USD

12,812,220

19,311

S&P

500

E-Mini

Index

89

6/2026

USD

29,239,837

(

450,925

)

S&P

Midcap

400

E-Mini

Index

2

6/2026

USD

679,300

(

1,752

)

TOPIX

Index

47

6/2026

JPY

10,376,989

(

288,254

)

CBOE

Volatility

Index

48

7/2026

USD

1,171,646

43,477

200

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

Platinum

16

7/2026

USD

$

1,576,160

$

30,569

Rapeseed

72

7/2026

EUR

2,113,818

58,610

Robusta

Coffee

137

7/2026

USD

4,664,850

(

164,886

)

CBOE

Volatility

Index

33

8/2026

USD

801,910

23,511

3

Month

Euro

Euribor

180

9/2026

EUR

50,616,694

(

182,050

)

Milling

Wheat

No.

2

243

9/2026

EUR

3,026,391

30,184

French

Base

Electricity

1

12/2026

EUR

573,696

(

10,693

)

Italian

Base

Electricity

2

12/2026

EUR

2,124,682

145,883

Phelix

De

Base

Electricity

9

12/2026

EUR

8,605,143

287,297

3

Month

SARON

52

3/2027

CHF

16,224,800

(

55,476

)

3

Month

SARON

102

6/2027

CHF

31,808,029

(

69,606

)

3

Month

SARON

18

9/2027

CHF

5,612,900

(

7,304

)

3

Month

Euro

Euribor

12

6/2028

EUR

3,374,966

1,943

Total

of

long

contracts

26,490,918

Short

Contracts

CAC

40

10

Euro

Index

(

361

)

4/2026

EUR

(

32,650,740

)

432,822

CBOE

Volatility

Index

(

224

)

4/2026

USD

(

5,605,018

)

(

282,814

)

IFSC

NIFTY

50

Index

(

99

)

4/2026

USD

(

4,451,337

)

76,920

Natural

Gas

(

15

)

4/2026

GBP

(

788,422

)

82,672

Natural

Gas

(

20

)

4/2026

EUR

(

872,972

)

70,647

OMXS30

Index

(

277

)

4/2026

SEK

(

8,544,100

)

152,753

SGX

FTSE

China

A50

Index

(

270

)

4/2026

USD

(

3,924,720

)

12,245

Sugar

No.

11

(

741

)

4/2026

USD

(

12,880,358

)

(

868,747

)

Cocoa

(

191

)

5/2026

USD

(

6,303,000

)

1,376,504

Cocoa

(

766

)

5/2026

GBP

(

25,215,136

)

1,566,743

Cotton

No.

2

(

466

)

5/2026

USD

(

16,310,000

)

(

1,337,194

)

EURO

STOXX

50

Volatility

Index

(

14

)

5/2026

EUR

(

42,720

)

(

9,788

)

Soybean

(

391

)

5/2026

USD

(

22,893,050

)

(

136,869

)

Wheat

(

64

)

5/2026

USD

(

1,972,000

)

(

60,311

)

Australia

10

Year

Bond

(

1,530

)

6/2026

AUD

(

113,919,837

)

422,729

Australia

3

Year

Bond

(

348

)

6/2026

AUD

(

24,915,010

)

74,082

Canada

10

Year

Bond

(

398

)

6/2026

CAD

(

34,312,515

)

629,018

DAX

Index

(

86

)

6/2026

EUR

(

56,751,715

)

1,839,308

Euro

STOXX

50

Index

(

575

)

6/2026

EUR

(

36,520,526

)

529,860

Euro-BTP

(

236

)

6/2026

EUR

(

31,991,709

)

(

462,049

)

Euro-Bund

(

243

)

6/2026

EUR

(

35,308,362

)

(

139,473

)

Euro-Buxl

(

88

)

6/2026

EUR

(

11,251,691

)

(

158,262

)

Euro-OAT

(

179

)

6/2026

EUR

(

24,643,519

)

(

138,027

)

Euro-Schatz

(

265

)

6/2026

EUR

(

32,415,755

)

117,924

French

Base

Electricity

(

13

)

6/2026

EUR

(

1,343,026

)

(

104,804

)

FTSE

100

Index

(

229

)

6/2026

GBP

(

30,913,618

)

(

49,525

)

FTSE/JSE

Top

40

Index

(

33

)

6/2026

ZAR

(

2,084,502

)

(

15,336

)

FTSE/MIB

Index

(

6

)

6/2026

EUR

(

1,511,020

)

(

6,258

)

Japan

10

Year

Bond

(

191

)

6/2026

JPY

(

156,983,334

)

1,489,228

LME

Aluminum

Base

Metal

(

58

)

6/2026

USD

(

5,049,103

)

(

202,978

)

LME

Copper

Base

Metal

(

72

)

6/2026

USD

(

22,200,336

)

1,043,835

LME

Lead

Base

Metal

(

93

)

6/2026

USD

(

4,410,246

)

137,450

LME

Nickel

Base

Metal

(

283

)

6/2026

USD

(

29,012,011

)

1,052,678

LME

Zinc

Base

Metal

(

195

)

6/2026

USD

(

15,809,625

)

(

81,007

)

Long

Gilt

(

164

)

6/2026

GBP

(

19,171,658

)

147,621

MSCI

EAFE

Index

(

95

)

6/2026

USD

(

13,780,225

)

(

170,476

)

Nikkei

225

Index

(

24

)

6/2026

JPY

(

7,736,618

)

415,059

S&P/TSX

60

Index

(

57

)

6/2026

CAD

(

15,634,333

)

(

174,866

)

SPI

200

Index

(

349

)

6/2026

AUD

(

51,246,674

)

316,109

U.S.

Treasury

10

Year

Note

(

737

)

6/2026

USD

(

81,795,484

)

117,669

U.S.

Treasury

2

Year

Note

(

1,138

)

6/2026

USD

(

236,108,328

)

227,713

U.S.

Treasury

5

Year

Note

(

455

)

6/2026

USD

(

49,218,203

)

(

105,620

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

201

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

U.S.

Treasury

Long

Bond

(

438

)

6/2026

USD

$

(

49,754,062

)

$

74,983

U.S.

Treasury

Ultra

Bond

(

205

)

6/2026

USD

(

23,837,656

)

(

37,668

)

Cocoa

(

37

)

7/2026

GBP

(

1,230,207

)

(

13,794

)

White

Sugar

(

19

)

7/2026

USD

(

429,400

)

(

765

)

90-Day

Australian

Bank

Bill

(

1,209

)

9/2026

AUD

(

824,553,110

)

587,570

90-Day

New

Zealand

Bill

(

233

)

9/2026

NZD

(

132,936,309

)

3,242

3

Month

CORRA

(

1,238

)

12/2026

CAD

(

216,745,669

)

158,136

3

Month

Euro

Euribor

(

339

)

12/2026

EUR

(

95,264,435

)

526,939

3

Month

SARON

(

5

)

12/2026

CHF

(

1,561,640

)

(

1,196

)

3

Month

SOFR

(

1,093

)

12/2026

USD

(

263,249,050

)

954,472

3

Month

SONIA

(

232

)

12/2026

GBP

(

73,509,964

)

164,931

90-Day

Australian

Bank

Bill

(

1,146

)

12/2026

AUD

(

781,472,037

)

872,680

90-Day

New

Zealand

Bill

(

181

)

12/2026

NZD

(

103,169,616

)

15,676

ECX

Emission

(

13

)

12/2026

EUR

(

1,089,539

)

(

9,384

)

UK

Allowances

Carbon

Dioxide

Emissions

(

1

)

12/2026

GBP

(

54,996

)

(

1,826

)

3

Month

CORRA

(

612

)

3/2027

CAD

(

106,960,319

)

(

150,443

)

3

Month

Euro

Euribor

(

544

)

3/2027

EUR

(

152,817,702

)

608,740

3

Month

SOFR

(

1,196

)

3/2027

USD

(

288,146,300

)

981,769

3

Month

SONIA

(

70

)

3/2027

GBP

(

22,175,098

)

(

39,702

)

90-Day

Australian

Bank

Bill

(

1,830

)

3/2027

AUD

(

1,247,930,777

)

646,626

90-Day

New

Zealand

Bill

(

126

)

3/2027

NZD

(

71,760,060

)

(

10,797

)

3

Month

CORRA

(

620

)

6/2027

CAD

(

108,202,502

)

188,235

3

Month

Euro

Euribor

(

185

)

6/2027

EUR

(

51,979,947

)

(

37,204

)

3

Month

SOFR

(

952

)

6/2027

USD

(

229,408,200

)

809,482

3

Month

SONIA

(

266

)

6/2027

GBP

(

84,265,373

)

(

2,471

)

90-Day

Australian

Bank

Bill

(

436

)

6/2027

AUD

(

297,357,449

)

96,305

3

Month

CORRA

(

821

)

9/2027

CAD

(

143,214,659

)

16,625

3

Month

Euro

Euribor

(

251

)

9/2027

EUR

(

70,560,409

)

(

8,984

)

3

Month

SOFR

(

702

)

9/2027

USD

(

169,269,750

)

502,355

3

Month

SONIA

(

219

)

9/2027

GBP

(

69,416,235

)

(

26,842

)

3

Month

Euro

Euribor

(

275

)

12/2027

EUR

(

77,346,954

)

(

38,529

)

3

Month

SOFR

(

727

)

12/2027

USD

(

175,452,362

)

304,368

3

Month

SONIA

(

276

)

12/2027

GBP

(

87,556,537

)

33,882

3

Month

Euro

Euribor

(

255

)

3/2028

EUR

(

71,725,405

)

(

47,521

)

3

Month

SOFR

(

710

)

3/2028

USD

(

171,456,125

)

132,852

3

Month

SONIA

(

295

)

3/2028

GBP

(

93,652,311

)

16,143

3

Month

SOFR

(

677

)

6/2028

USD

(

163,478,575

)

204,050

3

Month

SONIA

(

284

)

6/2028

GBP

(

90,178,986

)

2,698

3

Month

SOFR

(

26

)

9/2028

USD

(

6,276,400

)

(

336

)

3

Month

SONIA

(

22

)

9/2028

GBP

(

6,987,152

)

13,194

Total

of

short

contracts

15,315,676

Net

unrealized

appreciation

$

41,806,594

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

1,913,500

USD

1,312,304

CITI

6/17/2026

$

6,425

AUD

1,913,500

USD

1,312,302

JPMC

6/17/2026

6,428

BRL

42,146,836

USD

7,893,861

CITI

**

6/17/2026

105,424

BRL

42,146,836

USD

7,893,846

JPMC

**

6/17/2026

105,440

CNY

68,070,679

USD

9,913,794

CITI

**

6/17/2026

22,119

CNY

63,899,659

USD

9,306,052

JPMC

**

6/17/2026

21,039

202

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

COP

122,808,711,188

USD

32,027,477

CITI

**

6/17/2026

$

811,081

COP

122,808,711,188

USD

32,027,410

JPMC

**

6/17/2026

811,148

CZK

288,000,000

USD

13,556,145

CITI

6/17/2026

18,671

CZK

288,000,000

USD

13,556,118

JPMC

6/17/2026

18,698

EUR

35,090,534

USD

40,559,259

CITI

6/17/2026

142,829

EUR

35,090,536

USD

40,559,180

JPMC

6/17/2026

142,910

GBP

1,000

USD

1,320

CITI

6/17/2026

3

GBP

1,000

USD

1,320

JPMC

6/17/2026

3

HUF

1,253,851,420

USD

3,732,326

CITI

6/17/2026

18,352

HUF

1,253,851,420

USD

3,732,319

JPMC

6/17/2026

18,359

IDR

21,000,000,000

USD

1,231,536

CITI

**

6/17/2026

2,760

IDR

21,000,000,000

USD

1,231,533

JPMC

**

6/17/2026

2,763

ILS

497,000

USD

157,297

CITI

6/17/2026

1,136

ILS

497,000

USD

157,297

JPMC

6/17/2026

1,136

JPY

3,139,999,999

USD

19,806,233

CITI

6/17/2026

106,852

JPY

3,140,000,001

USD

19,806,194

JPMC

6/17/2026

106,892

NOK

104,500,000

USD

10,755,013

CITI

6/17/2026

30,238

NOK

104,500,000

USD

10,754,991

JPMC

6/17/2026

30,260

PEN

7,663,226

USD

2,189,508

CITI

**

6/17/2026

3,612

PEN

7,663,226

USD

2,189,504

JPMC

**

6/17/2026

3,616

USD

22,830,526

AUD

32,930,000

CITI

6/17/2026

136,109

USD

22,830,571

AUD

32,930,000

JPMC

6/17/2026

136,155

USD

8,994,340

CAD

12,249,375

CITI

6/17/2026

159,287

USD

8,994,357

CAD

12,249,373

JPMC

6/17/2026

159,305

USD

58,543,771

CHF

44,894,156

CITI

6/17/2026

1,923,690

USD

58,543,877

CHF

44,894,152

JPMC

6/17/2026

1,923,801

USD

7,767,180

CLP

7,100,000,000

CITI

**

6/17/2026

96,780

USD

7,767,196

CLP

7,100,000,000

JPMC

**

6/17/2026

96,796

USD

57,635,908

CZK

1,191,320,686

CITI

6/17/2026

1,483,274

USD

57,640,444

CZK

1,191,320,686

JPMC

6/17/2026

1,487,811

USD

169,037,186

EUR

143,936,000

CITI

6/17/2026

2,083,449

USD

169,037,007

EUR

143,936,001

JPMC

6/17/2026

2,083,270

USD

108,310,156

GBP

80,395,750

CITI

6/17/2026

1,922,926

USD

108,310,373

GBP

80,395,750

JPMC

6/17/2026

1,923,143

USD

3,038,918

HKD

23,668,500

CITI

6/17/2026

8,299

USD

3,038,924

HKD

23,668,500

JPMC

6/17/2026

8,305

USD

4,876,950

HUF

1,615,000,000

CITI

6/17/2026

45,959

USD

4,876,960

HUF

1,615,000,000

JPMC

6/17/2026

45,968

USD

27,683,661

IDR

467,000,451,644

CITI

**

6/17/2026

235,243

USD

27,683,717

IDR

467,000,451,644

JPMC

**

6/17/2026

235,298

USD

49,332,917

ILS

152,717,250

CITI

6/17/2026

650,014

USD

49,330,291

ILS

152,717,250

JPMC

6/17/2026

647,388

USD

157,821,571

INR

14,617,499,999

CITI

**

6/17/2026

3,803,858

USD

157,821,063

INR

14,617,499,999

JPMC

**

6/17/2026

3,803,350

USD

125,175,620

JPY

19,569,717,061

CITI

6/17/2026

1,069,425

USD

125,147,196

JPY

19,565,282,937

JPMC

6/17/2026

1,069,121

USD

30,019,740

KRW

44,450,000,000

CITI

**

6/17/2026

406,083

USD

30,019,800

KRW

44,450,000,000

JPMC

**

6/17/2026

406,143

USD

6,196,233

MXN

110,999,675

CITI

6/17/2026

44,322

USD

6,196,282

MXN

111,000,325

JPMC

6/17/2026

44,334

USD

11,588,122

NOK

111,181,550

CITI

6/17/2026

113,281

USD

11,588,154

NOK

111,181,550

JPMC

6/17/2026

113,313

USD

37,947,147

NZD

63,617,421

CITI

6/17/2026

1,290,476

USD

37,947,223

NZD

63,617,421

JPMC

6/17/2026

1,290,552

USD

6,490,194

PEN

22,391,500

CITI

**

6/17/2026

82,025

USD

6,490,207

PEN

22,391,500

JPMC

**

6/17/2026

82,038

USD

25,128,235

PHP

1,507,043,214

CITI

**

6/17/2026

386,787

USD

25,128,280

PHP

1,507,043,214

JPMC

**

6/17/2026

386,832

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

203

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

41,187,752

PLN

151,708,500

CITI

6/17/2026

$

331,432

USD

41,187,834

PLN

151,708,500

JPMC

6/17/2026

331,515

USD

75,458,910

SEK

692,125,000

CITI

6/17/2026

2,063,016

USD

75,459,022

SEK

692,125,000

JPMC

6/17/2026

2,063,128

USD

110,183,631

SGD

138,543,718

CITI

6/17/2026

1,844,945

USD

110,183,841

SGD

138,543,703

JPMC

6/17/2026

1,845,166

USD

51,451,204

THB

1,612,693,453

CITI

6/17/2026

2,245,374

USD

51,451,307

THB

1,612,693,453

JPMC

6/17/2026

2,245,476

USD

19,044,470

TWD

609,000,000

CITI

**

6/17/2026

94,543

USD

19,045,390

TWD

609,000,000

JPMC

**

6/17/2026

95,463

USD

31,515,863

ZAR

531,294,788

CITI

6/17/2026

300,281

USD

31,243,359

ZAR

526,705,212

JPMC

6/17/2026

297,433

Total

unrealized

appreciation

48,180,176

AUD

280,206,044

USD

198,832,415

CITI

6/17/2026

(

5,722,406

)

AUD

280,206,044

USD

198,832,017

JPMC

6/17/2026

(

5,722,006

)

CAD

132,546,328

USD

97,303,179

CITI

6/17/2026

(

1,702,069

)

CAD

132,546,326

USD

97,302,983

JPMC

6/17/2026

(

1,701,874

)

CHF

11,887,002

USD

15,452,266

CITI

6/17/2026

(

460,493

)

CHF

11,886,998

USD

15,452,230

JPMC

6/17/2026

(

460,462

)

CLP

25,598,581,983

USD

29,016,049

CITI

**

6/17/2026

(

1,360,927

)

CLP

25,598,581,983

USD

29,015,991

JPMC

**

6/17/2026

(

1,360,870

)

CNY

151,921,495

USD

22,279,384

CITI

**

6/17/2026

(

104,217

)

CNY

156,092,515

USD

22,888,971

JPMC

**

6/17/2026

(

104,984

)

CZK

169,500,000

USD

8,047,282

CITI

6/17/2026

(

57,938

)

CZK

169,500,000

USD

8,047,266

JPMC

6/17/2026

(

57,922

)

EUR

98,646,218

USD

114,693,117

CITI

6/17/2026

(

271,744

)

EUR

98,646,220

USD

114,692,832

JPMC

6/17/2026

(

271,456

)

GBP

165,415,000

USD

221,154,699

CITI

6/17/2026

(

2,261,989

)

GBP

165,415,000

USD

221,154,257

JPMC

6/17/2026

(

2,261,546

)

HUF

10,637,608,515

USD

32,807,542

CITI

6/17/2026

(

986,985

)

HUF

10,637,608,515

USD

32,807,477

JPMC

6/17/2026

(

986,920

)

IDR

176,200,000,000

USD

10,397,958

CITI

**

6/17/2026

(

41,627

)

IDR

202,800,000,000

USD

11,970,924

JPMC

**

6/17/2026

(

51,152

)

ILS

55,435,500

USD

17,836,580

CITI

6/17/2026

(

164,962

)

ILS

55,435,500

USD

17,836,544

JPMC

6/17/2026

(

164,925

)

JPY

8,221,306,438

USD

52,761,915

CITI

6/17/2026

(

624,471

)

JPY

8,216,872,315

USD

52,733,080

JPMC

6/17/2026

(

623,756

)

KRW

111,826,685,315

USD

77,715,146

CITI

**

6/17/2026

(

3,213,525

)

KRW

111,826,685,315

USD

77,715,601

JPMC

**

6/17/2026

(

3,213,977

)

MXN

593,506,691

USD

33,851,098

CITI

6/17/2026

(

957,302

)

MXN

593,507,341

USD

33,851,068

JPMC

6/17/2026

(

957,237

)

NOK

372,500,000

USD

38,987,016

CITI

6/17/2026

(

541,983

)

NOK

372,500,000

USD

38,986,938

JPMC

6/17/2026

(

541,905

)

PEN

99,620,388

USD

29,445,378

CITI

**

6/17/2026

(

935,259

)

PEN

99,620,388

USD

29,445,319

JPMC

**

6/17/2026

(

935,201

)

PLN

83,809,821

USD

23,176,054

CITI

6/17/2026

(

605,394

)

PLN

83,809,821

USD

23,176,008

JPMC

6/17/2026

(

605,350

)

SEK

6,500,000

USD

717,523

CITI

6/17/2026

(

28,235

)

SEK

6,500,000

USD

717,515

JPMC

6/17/2026

(

28,228

)

SGD

30,837,007

USD

24,252,975

CITI

6/17/2026

(

138,992

)

SGD

30,836,993

USD

24,252,915

JPMC

6/17/2026

(

138,944

)

TWD

2,250,710,208

USD

71,525,667

CITI

**

6/17/2026

(

1,491,524

)

TWD

2,250,710,208

USD

71,525,524

JPMC

**

6/17/2026

(

1,491,381

)

USD

3,652,911

CAD

5,067,500

CITI

6/17/2026

(

2,102

)

USD

3,652,919

CAD

5,067,500

JPMC

6/17/2026

(

2,095

)

USD

1,349,417

CLP

1,250,000,000

CITI

**

6/17/2026

(

1,006

)

USD

1,349,420

CLP

1,250,000,000

JPMC

**

6/17/2026

(

1,003

)

USD

74,797,791

EUR

64,699,499

CITI

6/17/2026

(

248,223

)

204

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

74,797,943

EUR

64,699,501

JPMC

6/17/2026

$

(

248,073

)

USD

14,608,507

HUF

4,960,000,000

CITI

6/17/2026

(

228,470

)

USD

14,608,127

HUF

4,960,000,000

JPMC

6/17/2026

(

228,850

)

USD

3,894,311

INR

370,000,000

CITI

**

6/17/2026

(

4,205

)

USD

3,894,319

INR

370,000,000

JPMC

**

6/17/2026

(

4,197

)

USD

107,081,418

JPY

16,899,999,999

CITI

6/17/2026

(

94,106

)

USD

107,081,632

JPY

16,900,000,001

JPMC

6/17/2026

(

93,892

)

USD

8,405,392

KRW

12,700,000,000

CITI

**

6/17/2026

(

55,652

)

USD

8,405,409

KRW

12,700,000,000

JPMC

**

6/17/2026

(

55,636

)

USD

664,540

MXN

12,000,000

CITI

6/17/2026

(

533

)

USD

664,541

MXN

12,000,000

JPMC

6/17/2026

(

532

)

USD

1,312,700

PEN

4,603,500

CITI

**

6/17/2026

(

4,765

)

USD

1,312,703

PEN

4,603,500

JPMC

**

6/17/2026

(

4,762

)

USD

4,261,152

PHP

260,000,000

CITI

**

6/17/2026

(

7,323

)

USD

4,261,161

PHP

260,000,000

JPMC

**

6/17/2026

(

7,314

)

USD

1,265,418

SEK

12,000,000

CITI

6/17/2026

(

7,113

)

USD

1,265,421

SEK

12,000,000

JPMC

6/17/2026

(

7,111

)

USD

1,772,169

TWD

57,000,000

CITI

**

6/17/2026

(

1,469

)

USD

1,772,173

TWD

57,000,000

JPMC

**

6/17/2026

(

1,466

)

USD

44,420,892

ZAR

759,000,000

CITI

6/17/2026

(

173,233

)

USD

44,420,981

ZAR

759,000,000

JPMC

6/17/2026

(

173,144

)

ZAR

794,453,092

USD

48,704,660

CITI

6/17/2026

(

2,027,531

)

ZAR

789,863,516

USD

48,583,818

JPMC

6/17/2026

(

2,176,343

)

Total

unrealized

depreciation

(

49,212,287

)

Net

unrealized

depreciation

$

(

1,032,111

)

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2026

205

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

195.8%

COMMON

STOCKS

-

129.8%

Australia

-

2

.2

%

AGL

Energy

Ltd.

(2)(a)

213,215

1,459,639

ALS

Ltd.

(2)(a)

38,764

569,040

ANZ

Group

Holdings

Ltd.

(2)(a)

28,076

705,978

Aurizon

Holdings

Ltd.

(2)(a)

395,433

1,091,599

BHP

Group

Ltd.

(2)(a)

97,731

3,536,153

Brambles

Ltd.

(2)(a)

69,418

1,089,465

Computershare

Ltd.

(2)(a)

9,124

179,948

Dyno

Nobel

Ltd.

(2)(a)

89,659

195,242

Evolution

Mining

Ltd.

(2)(a)

267,622

2,409,859

Glencore

plc

(2)(a)

194,022

1,469,498

Harvey

Norman

Holdings

Ltd.

(2)(a)

30,259

103,952

IGO

Ltd.

(2)*(a)

156,034

871,114

JB

Hi-Fi

Ltd.

(2)(a)

21,180

1,071,685

Northern

Star

Resources

Ltd.

(2)(a)

15,161

220,392

OceanaGold

Corp.

(a)

20,750

654,227

Orica

Ltd.

(2)(a)

80,265

1,128,090

Pro

Medicus

Ltd.

(2)(a)

24,108

1,986,907

QBE

Insurance

Group

Ltd.

(2)(a)

157,520

2,324,485

Rio

Tinto

plc

(2)(a)

7,340

680,959

Sonic

Healthcare

Ltd.

(2)(a)

11,722

166,555

South32

Ltd.

(2)(a)

1,232,873

3,733,146

Technology

One

Ltd.

(2)(a)

23,795

451,685

Whitehaven

Coal

Ltd.

(2)(a)

197,800

1,276,293

Worley

Ltd.

(2)(a)

56,629

444,836

Yancoal

Australia

Ltd.

(2)(a)

39,665

228,767

28,049,514

Belgium

-

0

.8

%

Ageas

SA/NV

(2)(a)

4,013

295,409

Anheuser-Busch

InBev

SA/NV

(2)

(a)

19,993

1,383,238

KBC

Group

NV

(2)(a)

41,549

5,085,265

Liberty

Global

Ltd.,

Class

A

*(a)

210,667

2,546,964

Umicore

SA

(2)(a)

12,802

244,233

9,555,109

Brazil

-

0

.1

%

Yara

International

ASA

(2)(a)

30,191

1,764,798

Burkina

Faso

-

0

.1

%

IAMGOLD

Corp.

*(a)

55,336

1,040,608

Canada

-

3

.1

%

Alamos

Gold,

Inc.,

Class

A

(a)

42,347

1,884,017

ARC

Resources

Ltd.

(a)

64,052

1,332,978

Aritzia,

Inc.

*(a)

14,796

1,207,420

Bank

of

Montreal

(a)

7,086

959,776

Bank

of

Nova

Scotia

(The)

(a)

26,734

1,853,949

Barrick

Mining

Corp.

(a)

38,684

1,580,897

Canadian

Imperial

Bank

of

Commerce

(a)

10,329

978,920

Canadian

Natural

Resources

Ltd.

(a)

23,883

1,165,050

Canadian

Tire

Corp.

Ltd.,

Class

A

(a)

2,015

270,984

Celestica,

Inc.

*(a)

4,843

1,366,178

Cenovus

Energy,

Inc.

(a)

91,101

2,417,833

Empire

Co.

Ltd.,

Class

A

(a)

38,847

1,391,522

INVESTMENTS

SHARES

VALUE

($)

Canada

-

3.1%

(continued)

Fairfax

Financial

Holdings

Ltd.

(a)

388

661,120

Finning

International,

Inc.

(a)

18,751

1,160,295

First

Majestic

Silver

Corp.

(a)

53,546

1,147,827

Franco-Nevada

Corp.

(a)

1,622

401,623

George

Weston

Ltd.

(a)

13,569

958,638

iA

Financial

Corp.,

Inc.

(a)

3,182

353,129

Kinross

Gold

Corp.

(a)

86,675

2,649,908

Lundin

Gold,

Inc.

(a)

10,872

830,855

Magna

International,

Inc.

(a)

26,127

1,459,138

Manulife

Financial

Corp.

(a)

56,752

1,954,968

Metro,

Inc.,

Class

A

(a)

8,783

600,939

Nutrien

Ltd.

(a)

2,821

212,949

OR

Royalties,

Inc.

(a)

4,310

164,115

Pan

American

Silver

Corp.

(a)

19,492

1,066,308

Quebecor,

Inc.,

Class

B

(a)

11,344

481,698

Royal

Bank

of

Canada

(a)

18,540

2,997,106

Saputo,

Inc.

(a)

12,299

384,239

Stantec,

Inc.

(a)

3,153

272,576

Suncor

Energy,

Inc.

(a)

33,971

2,246,906

Toromont

Industries

Ltd.

(a)

7,249

1,014,891

Toronto-Dominion

Bank

(The)

(a)

8,147

760,879

Tourmaline

Oil

Corp.

(a)

18,797

899,651

39,089,282

China

-

0

.3

%

BOC

Hong

Kong

Holdings

Ltd.

(2)

(a)

55,000

303,435

SITC

International

Holdings

Co.

Ltd.

(2)(a)

57,000

249,576

Wilmar

International

Ltd.

(2)

103,200

310,052

Yangzijiang

Shipbuilding

Holdings

Ltd.

(2)

850,300

2,525,723

3,388,786

Denmark

-

1

.0

%

Danske

Bank

A/S

(2)(a)

88,978

4,385,067

ISS

A/S

(2)(a)

74,421

2,710,695

Jyske

Bank

A/S

(Registered)

(2)(a)

3,709

508,958

Orsted

A/S

(2)*(a)(b)

77,041

1,910,542

Pandora

A/S

(2)(a)

35,656

2,548,474

Royal

Unibrew

A/S

(a)

1,942

157,548

Vestas

Wind

Systems

A/S

(2)(a)

17,757

535,745

Zealand

Pharma

A/S

(2)*(a)

2,854

132,911

12,889,940

Finland

-

1

.0

%

Elisa

OYJ

(2)(a)

24,976

1,216,592

Fortum

OYJ

(2)(a)

67,818

1,734,292

Konecranes

OYJ

(2)(a)

31,581

1,036,511

Metso

OYJ

(2)(a)

14,520

251,636

Nordea

Bank

Abp

(2)(a)

112,935

1,944,646

Wartsila

OYJ

Abp

(2)(a)

175,928

6,552,964

12,736,641

France

-

4

.6

%

Air

France-KLM

(2)*(a)

106,438

1,078,785

Amundi

SA

(2)(a)(b)

3,313

284,712

BNP

Paribas

SA

(2)(a)

98,110

9,346,315

Bouygues

SA

(2)(a)

4,622

267,876

Carrefour

SA

(2)(a)

316,190

5,854,529

206

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

France

-

4.6%

(continued)

Credit

Agricole

SA

(2)(a)

248,509

4,638,259

Danone

SA

(2)(a)

4,791

382,835

Dassault

Aviation

SA

(2)(a)

6,504

2,420,806

Eiffage

SA

(2)(a)

14,344

2,199,905

Ipsen

SA

(2)(a)

7,846

1,466,289

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(2)(a)

1,290

705,178

Orange

SA

(2)(a)

128,153

2,627,528

Renault

SA

(2)(a)

79,418

2,722,759

Safran

SA

(2)(a)

6,236

2,040,602

SCOR

SE

(2)(a)

28,200

1,007,878

Societe

Generale

SA

(2)(a)

68,469

4,999,395

Thales

SA

(2)(a)

15,683

4,598,964

TotalEnergies

SE

(2)(a)

80,424

7,380,843

Valeo

SE

(2)(a)

151,466

1,854,831

Veolia

Environnement

SA

(2)(a)

5,523

210,349

Vinci

SA

(2)(a)

9,692

1,454,762

57,543,400

Germany

-

3

.7

%

adidas

AG

(2)(a)

32,772

5,304,370

Aurubis

AG

(2)(a)

842

149,755

Bayer

AG

(Registered)

(2)(a)

28,579

1,322,586

Commerzbank

AG

(2)(a)

81,367

2,968,212

Continental

AG

(2)(a)

2,431

169,701

Daimler

Truck

Holding

AG

(2)(a)

52,266

2,573,881

Deutsche

Bank

AG

(Registered)

(2)(a)

233,197

6,939,964

Deutsche

Lufthansa

AG

(Registered)

(2)(a)

283,844

2,417,154

Evonik

Industries

AG

(2)(a)

61,945

1,215,526

Freenet

AG

(2)(a)

50,638

1,559,191

Fresenius

Medical

Care

AG

(2)(a)

32,003

1,450,297

Heidelberg

Materials

AG

(2)(a)

11,438

2,413,835

HUGO

BOSS

AG

(2)(a)

57,765

2,500,412

Knorr-Bremse

AG

(2)(a)

2,549

291,228

LANXESS

AG

(2)(a)

11,108

245,587

Mercedes-Benz

Group

AG

(2)(a)

67,353

4,139,710

Rheinmetall

AG

(2)(a)

1,938

3,268,992

RWE

AG

(2)(a)

18,981

1,277,020

Scout24

SE

(2)(a)(b)

2,001

154,394

Siemens

Energy

AG

(2)(a)

28,085

4,843,246

Talanx

AG

(2)(a)

5,347

663,494

45,868,555

Hong

Kong

-

0

.1

%

HKT

Trust

&

HKT

Ltd.

(2)(a)

75,000

117,202

Sun

Hung

Kai

Properties

Ltd.

(2)(a)

74,000

1,232,162

WH

Group

Ltd.

(2)(a)(b)

148,000

194,537

1,543,901

Italy

-

2

.0

%

A2A

SpA

(2)(a)

129,832

367,635

Azimut

Holding

SpA

(2)(a)

16,360

621,629

Davide

Campari-Milano

NV

(2)(a)

30,372

216,998

Enel

SpA

(2)(a)

344,956

3,771,346

Eni

SpA

(2)(a)

71,902

2,044,446

Fincantieri

SpA

(2)*(a)

83,993

1,296,049

Hera

SpA

(2)(a)

14,684

67,733

Intesa

Sanpaolo

SpA

(2)(a)

246,176

1,488,844

INVESTMENTS

SHARES

VALUE

($)

Italy

-

2.0%

(continued)

Italgas

SpA

(2)(a)

100,293

1,168,312

Leonardo

SpA

(2)(a)

39,782

2,705,950

Pirelli

&

C

SpA

(2)(a)(b)

172,623

1,194,457

Poste

Italiane

SpA

(2)(a)(b)

91,787

2,160,551

Prysmian

SpA

(2)(a)

5,353

632,142

Saipem

SpA

(2)(a)

629,545

2,880,390

Snam

SpA

(2)(a)

108,486

821,829

UniCredit

SpA

(2)(a)

23,888

1,713,816

Unipol

Assicurazioni

SpA

(2)(a)

60,298

1,400,733

24,552,860

Ivory

Coast

-

0

.2

%

Endeavour

Mining

plc

(2)(a)

48,840

2,942,600

Japan

-

16

.1

%

Advantest

Corp.

(2)(a)

36,600

5,051,044

AGC,

Inc.

(2)(a)

49,400

1,750,120

Aisin

Corp.

(2)(a)

31,800

448,002

ANA

Holdings,

Inc.

(2)(a)

223,400

4,000,928

Asahi

Intecc

Co.

Ltd.

(2)(a)

120,400

2,571,027

Astellas

Pharma,

Inc.

(2)(a)

416,800

6,794,596

Bandai

Namco

Holdings,

Inc.

(2)(a)

93,400

2,304,216

Brother

Industries

Ltd.

(2)(a)

109,000

2,017,921

Canon,

Inc.

(2)(a)

16,600

460,606

Central

Japan

Railway

Co.

(2)(a)

68,400

1,778,481

Chubu

Electric

Power

Co.,

Inc.

(2)

(a)

311,100

5,129,079

Concordia

Financial

Group

Ltd.

(2)

(a)

223,500

1,995,005

CyberAgent,

Inc.

(2)(a)

24,500

209,601

Dai

Nippon

Printing

Co.

Ltd.

(2)(a)

82,100

1,495,862

Daiichi

Life

Group,

Inc.

(2)(a)

46,600

429,745

Disco

Corp.

(2)(a)

7,500

3,056,875

ENEOS

Holdings,

Inc.

(2)(a)

126,900

1,143,386

FANUC

Corp.

(2)(a)

76,200

2,656,099

Fuji

Electric

Co.

Ltd.

(2)(a)

5,700

399,297

Fujitsu

Ltd.

(2)(a)

15,900

325,166

Fukuoka

Financial

Group,

Inc.

(2)

(a)

80,500

3,082,793

Furukawa

Electric

Co.

Ltd.

(2)(a)

8,500

1,631,832

Hankyu

Hanshin

Holdings,

Inc.

(2)

(a)

7,600

219,754

Hirose

Electric

Co.

Ltd.

(2)(a)

3,300

432,017

Hitachi

Construction

Machinery

Co.

Ltd.

(2)(a)

22,300

765,720

Iida

Group

Holdings

Co.

Ltd.

(2)(a)

11,700

179,994

Isetan

Mitsukoshi

Holdings

Ltd.

(2)

(a)

256,000

4,716,913

Iyogin

Holdings,

Inc.

(2)(a)

29,300

541,321

Japan

Airlines

Co.

Ltd.

(2)(a)

123,400

2,014,679

Japan

Post

Bank

Co.

Ltd.

(2)(a)

144,000

2,348,672

Japan

Post

Holdings

Co.

Ltd.

(2)(a)

191,000

2,205,374

Japan

Post

Insurance

Co.

Ltd.

(2)

(a)

88,500

892,575

JFE

Holdings,

Inc.

(2)(a)

347,200

4,064,763

Kajima

Corp.

(2)(a)

86,400

3,296,045

Kandenko

Co.

Ltd.

(2)(a)

34,300

1,302,701

Kansai

Electric

Power

Co.,

Inc.

(The)

(2)(a)

179,000

2,976,068

Kao

Corp.

(a)

5,900

229,673

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

207

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

16.1%

(continued)

Kawasaki

Heavy

Industries

Ltd.

(2)

(a)

116,500

2,191,032

Kawasaki

Kisen

Kaisha

Ltd.

(2)(a)

47,300

798,926

Kinden

Corp.

(2)(a)

60,600

2,726,303

Kioxia

Holdings

Corp.

(2)*(a)

3,500

457,100

Kirin

Holdings

Co.

Ltd.

(2)(a)

315,000

5,010,449

Kobe

Steel

Ltd.

(2)(a)

391,300

4,748,874

Komatsu

Ltd.

(2)(a)

29,200

1,162,761

Kyocera

Corp.

(2)(a)

28,800

441,606

Kyoto

Financial

Group,

Inc.

(2)(a)

29,300

772,012

Kyushu

Electric

Power

Co.,

Inc.

(2)

(a)

266,400

3,087,994

Makita

Corp.

(2)(a)

22,800

749,353

Mazda

Motor

Corp.

(2)(a)

34,400

235,289

MEIJI

Holdings

Co.

Ltd.

(2)(a)

8,200

199,979

Mitsubishi

Chemical

Group

Corp.

(2)(a)

30,500

178,307

Mitsui

&

Co.

Ltd.

(2)(a)

90,300

3,490,336

Mitsui

Chemicals,

Inc.

(2)(a)

114,500

1,383,157

Mitsui

Kinzoku

Co.

Ltd.

(2)(a)

14,400

2,731,462

Mitsui

OSK

Lines

Ltd.

(2)(a)

145,100

6,030,472

Mizuho

Financial

Group,

Inc.

(2)(a)

86,200

3,489,700

Murata

Manufacturing

Co.

Ltd.

(2)

(a)

62,400

1,400,083

NGK

Corp.

(2)(a)

31,700

816,993

NIPPON

EXPRESS

HOLDINGS,

Inc.

(2)(a)

91,100

2,058,943

Nippon

Steel

Corp.

(2)(a)

312,500

1,152,358

Nippon

Yusen

KK

(2)(a)

63,900

2,347,352

Nissan

Chemical

Corp.

(2)(a)

20,900

812,723

Niterra

Co.

Ltd.

(2)(a)

31,900

1,504,135

Nitori

Holdings

Co.

Ltd.

(2)(a)

40,800

648,210

Nomura

Holdings,

Inc.

(2)(a)

505,500

3,980,327

NTT,

Inc.

(2)(a)

329,900

330,054

Obayashi

Corp.

(2)(a)

191,200

4,630,954

Oji

Holdings

Corp.

(2)(a)

264,800

1,432,581

Omron

Corp.

(2)(a)

29,500

848,688

Ono

Pharmaceutical

Co.

Ltd.

(2)(a)

65,100

1,044,856

Open

House

Group

Co.

Ltd.

(2)(a)

8,000

512,734

ORIX

Corp.

(2)(a)

85,000

2,522,065

Otsuka

Corp.

(2)(a)

26,000

497,762

Otsuka

Holdings

Co.

Ltd.

(2)(a)

54,500

3,867,913

Pan

Pacific

International

Holdings

Corp.

(2)(a)

455,200

2,776,835

Rakuten

Group,

Inc.

(2)*(a)

117,300

548,325

Resona

Holdings,

Inc.

(2)(a)

324,800

3,705,236

Ricoh

Co.

Ltd.

(2)(a)

129,500

1,094,728

Ryohin

Keikaku

Co.

Ltd.

(2)(a)

45,600

973,086

Sanwa

Holdings

Corp.

(2)(a)

16,900

384,344

Seiko

Epson

Corp.

(2)(a)

122,000

1,508,311

SG

Holdings

Co.

Ltd.

(a)

18,500

172,346

Shimamura

Co.

Ltd.

(2)(a)

22,100

462,700

Shimizu

Corp.

(2)(a)

222,200

3,986,516

Shiseido

Co.

Ltd.

(2)(a)

65,500

1,338,181

Shizuoka

Financial

Group,

Inc.

(2)

(a)

210,900

3,501,902

Sojitz

Corp.

(2)(a)

101,760

4,029,381

Sony

Financial

Group,

Inc.

(2)

1,864,600

1,708,075

Square

Enix

Holdings

Co.

Ltd.

(2)

(a)

28,100

447,801

INVESTMENTS

SHARES

VALUE

($)

Japan

-

16.1%

(continued)

Sumitomo

Corp.

(2)(a)

89,800

3,360,232

Sumitomo

Electric

Industries

Ltd.

(2)(a)

43,100

2,448,946

Sumitomo

Metal

Mining

Co.

Ltd.

(2)(a)

13,000

756,642

Sumitomo

Mitsui

Trust

Group,

Inc.

(2)(a)

208,800

6,651,666

Taisei

Corp.

(2)(a)

6,400

663,051

TBS

Holdings,

Inc.

(2)(a)

37,500

1,351,180

TDK

Corp.

(2)(a)

66,200

859,956

Tokyo

Century

Corp.

(2)(a)

52,900

684,762

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(2)*(a)

372,300

1,534,097

Tokyo

Gas

Co.

Ltd.

(2)(a)

88,400

4,163,292

TOPPAN

Holdings,

Inc.

(2)(a)

36,600

965,314

Toray

Industries,

Inc.

(2)(a)

78,800

561,263

Tosoh

Corp.

(2)(a)

23,500

349,325

Toyo

Suisan

Kaisha

Ltd.

(2)(a)

8,300

583,704

Toyota

Tsusho

Corp.

(2)(a)

28,500

1,104,568

USS

Co.

Ltd.

(2)(a)

68,600

721,590

Yamazaki

Baking

Co.

Ltd.

(2)(a)

48,600

1,086,359

Yokogawa

Electric

Corp.

(2)(a)

66,600

2,058,191

201,753,698

Luxembourg

-

0

.1

%

ArcelorMittal

SA

(2)(a)

20,250

1,050,195

Mexico

-

0

.1

%

Fresnillo

plc

(2)(a)

19,788

877,123

Netherlands

-

1

.7

%

ABN

AMRO

Bank

NV,

CVA

(2)(a)(b)

40,627

1,287,909

ASM

International

NV

(2)(a)

4,699

3,561,620

ASML

Holding

NV

(2)(a)

6,275

8,344,223

BE

Semiconductor

Industries

NV

(2)(a)

1,591

340,782

Koninklijke

Ahold

Delhaize

NV

(a)

52,377

2,439,155

Koninklijke

KPN

NV

(2)(a)

149,351

832,427

Koninklijke

Vopak

NV

(2)(a)

10,868

588,232

NN

Group

NV

(2)(a)

48,839

3,814,126

SBM

Offshore

NV

(2)(a)

17,448

695,788

21,904,262

Nigeria

-

0

.1

%

Airtel

Africa

plc

(2)(a)(b)

180,498

832,338

Norway

-

0

.9

%

Equinor

ASA

(2)(a)

77,281

3,292,509

Frontline

plc

(2)(a)

44,957

1,579,585

Kongsberg

Gruppen

ASA

(a)

69,070

2,944,226

Norsk

Hydro

ASA

(2)(a)

179,294

1,910,987

Storebrand

ASA

(2)(a)

69,987

1,263,250

Telenor

ASA

(a)

14,128

248,479

11,239,036

Portugal

-

0

.1

%

Banco

Comercial

Portugues

SA,

Class

R

(2)

653,318

636,311

208

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Singapore

-

0

.2

%

Oversea-Chinese

Banking

Corp.

Ltd.

(2)

39,100

669,695

Singapore

Technologies

Engineering

Ltd.

(2)

137,100

1,163,601

Singapore

Telecommunications

Ltd.

161,800

621,678

2,454,974

South

Africa

-

0

.0

%

†

Anglo

American

plc

(2)(a)

4,910

210,814

Spain

-

1

.2

%

ACS

Actividades

de

Construccion

y

Servicios

SA

(2)(a)

7,124

868,810

Banco

Bilbao

Vizcaya

Argentaria

SA

(2)(a)

168,192

3,632,875

Banco

Santander

SA

(2)(a)

136,135

1,526,171

Bankinter

SA

(2)(a)

19,215

304,315

CaixaBank

SA

(2)(a)

239,982

2,876,822

Enagas

SA

(a)

26,531

525,613

Endesa

SA

(a)

2,291

95,542

Fluidra

SA

(2)(a)

12,264

284,477

Industria

de

Diseno

Textil

SA

(2)(a)

15,240

887,102

Repsol

SA

(2)(a)

89,661

2,523,820

Telefonica

SA

(2)(a)

181,988

796,294

Unicaja

Banco

SA

(2)(a)(b)

352,636

1,046,534

15,368,375

Sweden

-

2

.4

%

Alfa

Laval

AB

(2)(a)

18,349

1,003,690

Autoliv,

Inc.

(a)(c)

36,078

3,793,962

Boliden

AB

(2)*(a)

69,126

3,623,713

Electrolux

AB,

Class

B

(2)*(a)

50,889

323,021

Essity

AB,

Class

B

(2)(a)

82,567

2,127,983

H

&

M

Hennes

&

Mauritz

AB,

Class

B

(2)(a)

63,887

1,195,253

Hexagon

AB,

Class

B

(2)(a)

46,056

448,222

Nibe

Industrier

AB,

Class

B

(2)(a)

47,682

199,236

Saab

AB,

Class

B

(2)(a)

54,590

3,572,903

Sandvik

AB

(2)(a)

50,859

1,955,114

SSAB

AB,

Class

B

(2)(a)

30,831

243,044

Swedbank

AB,

Class

A

(2)(a)

102,973

3,509,683

Telefonaktiebolaget

LM

Ericsson,

Class

B

(2)(a)

363,374

4,142,550

Telia

Co.

AB

(2)(a)

792,053

4,057,905

30,196,279

Switzerland

-

1

.8

%

ABB

Ltd.

(Registered)

(2)(a)

68,808

5,594,638

Accelleron

Industries

AG

(2)(a)

3,556

321,413

Adecco

Group

AG

(Registered)

(2)

(a)

7,093

170,602

Avolta

AG

(2)*(a)

32,898

1,972,444

Cie

Financiere

Richemont

SA

(Registered)

(2)(a)

6,786

1,198,178

Flughafen

Zurich

AG

(Registered)

(2)(a)

7,336

2,297,166

Givaudan

SA

(Registered)

(2)(a)

49

165,694

Kuehne

+

Nagel

International

AG

(Registered)

(2)(a)

4,687

1,073,348

Schindler

Holding

AG

(2)(a)

1,710

563,262

INVESTMENTS

SHARES

VALUE

($)

Switzerland

-

1.8%

(continued)

Swissquote

Group

Holding

SA

(Registered)

(2)(a)

1,839

913,503

TE

Connectivity

plc

(a)

5,255

1,098,400

Temenos

AG

(Registered)

(2)(a)

14,094

1,235,287

UBS

Group

AG

(Registered)

(2)(a)

114,614

4,469,189

Zurich

Insurance

Group

AG

(2)(a)

2,427

1,715,449

22,788,573

Thailand

-

0

.1

%

Fabrinet

*(a)(c)

2,267

1,182,286

Turkiye

-

0

.0

%

†

Eldorado

Gold

Corp.

(a)

5,947

204,218

United

Kingdom

-

2

.4

%

Aviva

plc

(2)(a)

27,279

218,925

Barclays

plc

(2)(a)

245,958

1,287,217

British

American

Tobacco

plc

(2)(a)

18,122

1,052,142

Burberry

Group

plc

(2)*(a)

84,024

1,229,448

Centrica

plc

(2)(a)

812,445

2,300,387

CK

Hutchison

Holdings

Ltd.

(2)(a)

68,000

521,970

Compass

Group

plc

(2)(a)

4,494

125,387

Convatec

Group

plc

(2)(a)(b)

69,816

201,380

easyJet

plc

(2)(a)

302,658

1,408,213

Harbour

Energy

plc

(2)(a)

110,341

438,764

ICG

plc

(2)(a)

12,092

247,998

IMI

plc

(2)(a)

11,803

401,526

Imperial

Brands

plc

(2)(a)

16,739

678,730

Inchcape

plc

(a)

16,369

162,495

International

Consolidated

Airlines

Group

SA

(2)(a)

776,602

3,685,995

Intertek

Group

plc

(2)(a)

2,171

105,639

ITV

plc

(2)(a)

211,302

213,703

Kingfisher

plc

(2)(a)

101,154

384,622

Lloyds

Banking

Group

plc

(2)(a)

2,832,696

3,510,943

Man

Group

plc

(2)(a)

53,876

181,374

NatWest

Group

plc

(2)(a)

232,790

1,724,496

Next

plc

(2)(a)

1,066

180,100

Pearson

plc

(2)(a)

17,892

235,886

RELX

plc

(2)(a)

24,754

811,000

Sage

Group

plc

(The)

(2)(a)

19,861

222,550

Taylor

Wimpey

plc

(2)(a)

148,309

176,150

TechnipFMC

plc

(a)

52,952

3,660,572

Tesco

plc

(2)(a)

151,913

954,778

Vodafone

Group

plc

(2)(a)

2,430,604

3,666,206

29,988,596

United

States

-

83

.4

%

3M

Co.

(a)

11,968

1,738,113

Abercrombie

&

Fitch

Co.,

Class

A

*(a)

63,501

5,802,086

Acerinox

SA

(2)(a)

78,045

1,091,155

Acuity,

Inc.

(a)

1,987

556,797

Adobe,

Inc.

*(a)

41,831

10,168,278

ADT,

Inc.

(a)

231,655

1,521,973

Advanced

Energy

Industries,

Inc.

(a)(c)

695

224,283

Aegon

Ltd.

(2)(a)

569,207

4,162,739

Agilent

Technologies,

Inc.

(a)

31,104

3,545,234

Akamai

Technologies,

Inc.

*(a)(c)

23,530

2,702,421

Albemarle

Corp.

(a)

8,431

1,513,617

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

209

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

83.4%

(continued)

Alcoa

Corp.

(a)

68,267

4,528,150

Alexandria

Real

Estate

Equities,

Inc.,

REIT

(a)

46,763

2,170,738

Allegion

plc

(a)

4,310

626,200

Allison

Transmission

Holdings,

Inc.

(a)

20,367

2,384,161

Allstate

Corp.

(The)

(a)

13,227

2,742,486

Ally

Financial,

Inc.

(a)

59,441

2,331,870

Altria

Group,

Inc.

(a)

11,581

764,230

Amazon.com,

Inc.

*(a)

12,162

2,532,980

Amdocs

Ltd.

(a)

49,635

3,239,180

Ameren

Corp.

(a)

10,927

1,201,096

American

Airlines

Group,

Inc.

*(a)(c)

108,009

1,160,017

American

Electric

Power

Co.,

Inc.

(a)

16,060

2,105,145

American

Financial

Group,

Inc.

(a)

(c)

14,504

1,852,306

American

Homes

4

Rent,

Class

A,

REIT

(a)

9,095

253,932

American

International

Group,

Inc.

(a)(c)

10,651

801,488

American

Tower

Corp.,

REIT

(a)

13,562

2,340,530

American

Water

Works

Co.,

Inc.

(a)(c)

23,923

3,255,681

Ameriprise

Financial,

Inc.

(a)

9,459

4,203,580

Amgen,

Inc.

(a)

667

234,684

Amkor

Technology,

Inc.

(a)(c)

82,554

3,717,407

Amphenol

Corp.,

Class

A

(a)

10,854

1,371,403

Analog

Devices,

Inc.

(a)

788

250,694

Antero

Resources

Corp.

*(a)

12,967

550,319

AP

Moller

-

Maersk

A/S,

Class

B

(2)(a)

1,063

2,655,248

APA

Corp.

(a)

24,377

1,034,560

Applied

Industrial

Technologies,

Inc.

(a)

12,985

3,445,180

AppLovin

Corp.,

Class

A

*(a)(c)

3,475

1,383,050

AptarGroup,

Inc.

(a)

20,974

2,643,143

Aramark

(a)

29,048

1,177,606

Arch

Capital

Group

Ltd.

*(a)

15,931

1,529,217

Archer-Daniels-Midland

Co.

(a)(c)

17,480

1,270,621

Arrow

Electronics,

Inc.

*(a)

27,099

3,886,268

ASGN,

Inc.

*(a)

53,180

2,058,598

Ashland,

Inc.

(a)(c)

25,197

1,401,205

Associated

Banc-Corp.

(a)(c)

17,009

439,853

Assured

Guaranty

Ltd.

(a)

15,614

1,272,229

AT&T,

Inc.

(a)

172,240

4,993,238

ATI,

Inc.

*(a)

17,510

2,547,005

Atmos

Energy

Corp.

(a)(c)

4,633

855,808

Aurora

Innovation,

Inc.

*(a)(c)

158,975

654,977

Autodesk,

Inc.

*(a)

7,156

1,713,146

AutoNation,

Inc.

*(a)(c)

8,664

1,691,733

AutoZone,

Inc.

*(a)(c)

193

651,912

Avantor,

Inc.

*(a)(c)

108,273

848,860

Avnet,

Inc.

(a)

43,413

2,675,109

Axis

Capital

Holdings

Ltd.

(a)

36,605

3,712,113

Ball

Corp.

(a)

61,795

3,652,702

Bank

of

America

Corp.

(a)

35,089

1,710,589

Bank

of

New

York

Mellon

Corp.

(The)

(a)

14,665

1,739,709

Bath

&

Body

Works,

Inc.

(a)

173,531

3,239,824

INVESTMENTS

SHARES

VALUE

($)

United

States

-

83.4%

(continued)

Best

Buy

Co.,

Inc.

(a)(c)

35,542

2,281,796

Biogen,

Inc.

*(a)

10,473

1,920,015

BioMarin

Pharmaceutical,

Inc.

*(a)

51,830

2,927,877

Bloom

Energy

Corp.,

Class

A

*(a)(c)

1,148

155,543

BOK

Financial

Corp.

(a)

2,347

300,557

Booking

Holdings,

Inc.

(a)

138

581,024

Booz

Allen

Hamilton

Holding

Corp.,

Class

A

(a)(c)

16,014

1,249,572

BorgWarner,

Inc.

(a)

28,457

1,544,077

Boston

Beer

Co.,

Inc.

(The),

Class

A

*(a)

6,469

1,490,458

BP

plc

(2)(a)

33,992

266,049

Bristol-Myers

Squibb

Co.

(a)

181,272

10,994,146

Broadcom,

Inc.

(a)

10,040

3,107,480

Broadridge

Financial

Solutions,

Inc.

(a)(c)

8,585

1,394,891

Brunswick

Corp.

(a)(c)

32,913

2,394,750

Bunge

Global

SA

(a)(c)

11,310

1,438,632

Burlington

Stores,

Inc.

*(a)(c)

8,019

2,609,222

Buzzi

SpA

(2)(a)

7,048

356,326

BWX

Technologies,

Inc.

(a)(c)

8,112

1,658,823

CACI

International,

Inc.,

Class

A

*(a)

2,413

1,312,358

Caesars

Entertainment,

Inc.

*(a)

9,201

243,182

Camden

Property

Trust,

REIT

(a)

8,569

836,849

Capital

One

Financial

Corp.

(a)

14,965

2,730,065

CarMax,

Inc.

*(a)

76,233

3,169,768

Carnival

Corp.

(a)

128,528

3,326,305

Carpenter

Technology

Corp.

(a)

6,419

2,530,049

Casey's

General

Stores,

Inc.

(a)

1,898

1,381,478

Caterpillar,

Inc.

(a)(c)

6,921

4,903,252

CCC

Intelligent

Solutions

Holdings,

Inc.

*(a)

233,759

1,402,554

Centene

Corp.

*(a)

153,048

5,010,792

CF

Industries

Holdings,

Inc.

(a)(c)

38,665

5,020,264

Charter

Communications,

Inc.,

Class

A

*(a)(c)

12,355

2,667,197

Chemed

Corp.

(a)

3,020

1,140,775

Chevron

Corp.

(a)

12,717

2,631,147

Chord

Energy

Corp.

(a)(c)

12,193

1,733,601

Chubb

Ltd.

(a)

16,193

5,277,784

Churchill

Downs,

Inc.

(a)(c)

21,248

1,908,708

Cigna

Group

(The)

(a)(c)

8,249

2,200,421

Citigroup,

Inc.

(a)

37,261

4,225,770

Citizens

Financial

Group,

Inc.

(a)

67,637

4,056,191

Clarivate

plc

*(a)(c)

91,233

230,819

Clean

Harbors,

Inc.

*(a)

6,776

1,942,882

Clorox

Co.

(The)

(a)

15,502

1,606,472

CMS

Energy

Corp.

(a)(c)

17,470

1,355,323

CNA

Financial

Corp.

(a)

3,339

153,327

CNH

Industrial

NV

(a)

140,748

1,548,228

CNO

Financial

Group,

Inc.

(a)

21,637

888,415

Coca-Cola

Consolidated,

Inc.

(a)

19,858

3,807,573

Cognizant

Technology

Solutions

Corp.,

Class

A

(a)

32,857

2,015,777

Colgate-Palmolive

Co.

(a)

7,210

614,508

Columbia

Sportswear

Co.

(a)

20,592

1,128,648

Comcast

Corp.,

Class

A

(a)

113,147

3,248,450

Comfort

Systems

USA,

Inc.

(a)

2,734

3,770,159

Conagra

Brands,

Inc.

(a)(c)

102,542

1,611,960

210

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

83.4%

(continued)

Concentrix

Corp.

(a)

88,301

2,415,915

ConocoPhillips

(a)

31,019

4,094,508

Constellation

Energy

Corp.

(a)(c)

10,358

2,892,472

Cooper

Cos.,

Inc.

(The)

*(a)(c)

51,681

3,695,192

Copart,

Inc.

*(a)(c)

94,939

3,151,975

COPT

Defense

Properties,

REIT

(a)

39,050

1,194,930

Core

&

Main,

Inc.,

Class

A

*(a)(c)

3,609

178,285

Corpay,

Inc.

*(a)(c)

6,175

1,796,863

Corteva,

Inc.

(a)

35,632

2,982,755

Costco

Wholesale

Corp.

(a)

7,391

7,364,613

Cousins

Properties,

Inc.,

REIT

(a)

33,830

763,543

Crane

Co.

(a)

8,889

1,520,019

Credo

Technology

Group

Holding

Ltd.

*(a)

1,760

165,211

Crown

Holdings,

Inc.

(a)

42,330

4,243,583

CSX

Corp.

(a)(c)

33,546

1,377,063

CubeSmart,

REIT

(a)

61,180

2,242,247

Cummins,

Inc.

(a)

12,680

6,822,094

Curtiss-Wright

Corp.

(a)

4,530

3,085,474

Danaher

Corp.

(a)

17,098

3,241,781

Darden

Restaurants,

Inc.

(a)

5,723

1,121,937

Darling

Ingredients,

Inc.

*(a)

14,137

874,373

DaVita,

Inc.

*(a)(c)

15,805

2,429,070

Deckers

Outdoor

Corp.

*(a)

23,400

2,342,106

Dell

Technologies,

Inc.,

Class

C

(a)

11,792

1,935,421

Delta

Air

Lines,

Inc.

(a)

56,898

3,782,579

DENTSPLY

SIRONA,

Inc.

(a)

108,067

1,253,577

Dexcom,

Inc.

*(a)(c)

13,670

858,476

Dillard's,

Inc.,

Class

A

(a)

336

192,229

Docusign,

Inc.,

Class

A

*(a)

43,460

2,060,439

Dollar

General

Corp.

(a)

13,246

1,572,698

Domino's

Pizza,

Inc.

(a)

15,092

5,414,859

Donaldson

Co.,

Inc.

(a)

2

170

DoubleVerify

Holdings,

Inc.

*(a)

121,749

1,156,616

Dover

Corp.

(a)

25,218

5,256,692

Dow,

Inc.

(a)(c)

147,884

6,159,369

Doximity,

Inc.,

Class

A

*(a)(c)

61,276

1,427,731

DR

Horton,

Inc.

(a)(c)

5,409

742,223

DraftKings,

Inc.,

Class

A

*(a)(c)

111,227

2,404,728

DTE

Energy

Co.

(a)

6,507

951,454

Duolingo,

Inc.,

Class

A

*(a)(c)

5,223

514,831

DXC

Technology

Co.

*(a)(c)

170,243

2,139,955

Eagle

Materials,

Inc.

(a)(c)

738

139,814

East

West

Bancorp,

Inc.

(a)

16,425

1,753,533

Edison

International

(a)

115,588

8,458,729

Edwards

Lifesciences

Corp.

*(a)

11,407

913,473

Elastic

NV

*(a)

14,287

714,207

elf

Beauty,

Inc.

*(a)(c)

8,491

514,640

Eli

Lilly

&

Co.

(a)

2,299

2,114,551

EMCOR

Group,

Inc.

(a)

8,246

6,088,104

EnerSys

(a)

5,547

963,625

Envista

Holdings

Corp.

*(a)(c)

15,483

392,804

EOG

Resources,

Inc.

(a)

1,289

186,351

EPR

Properties,

REIT

(a)

31,081

1,552,807

EQT

Corp.

(a)(c)

29,038

1,847,978

Equinix,

Inc.,

REIT

(a)

2,174

2,131,042

Equitable

Holdings,

Inc.

(a)(c)

34,302

1,272,947

Essent

Group

Ltd.

(a)

4,611

269,467

Essex

Property

Trust,

Inc.,

REIT

(a)

4,532

1,096,744

INVESTMENTS

SHARES

VALUE

($)

United

States

-

83.4%

(continued)

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

(a)(c)

4,491

322,319

Etsy,

Inc.

*(a)(c)

10,241

511,845

Euronet

Worldwide,

Inc.

*(a)(c)

14,473

960,573

Evercore,

Inc.,

Class

A

(a)(c)

8,464

2,526,589

Everest

Group

Ltd.

(a)

1,580

516,423

Eversource

Energy

(a)

17,045

1,180,878

Everus

Construction

Group,

Inc.

*(a)(c)

11,871

1,401,490

Exelixis,

Inc.

*(a)

56,797

2,436,023

ExlService

Holdings,

Inc.

*(a)

59,268

1,804,711

Expedia

Group,

Inc.

(a)(c)

7,336

1,693,809

Experian

plc

(2)(a)

8,562

296,198

Exxon

Mobil

Corp.

(a)

6,676

1,132,650

Fair

Isaac

Corp.

*(a)(c)

3,054

3,260,267

Federated

Hermes,

Inc.,

Class

B

(a)(c)

21,394

1,213,254

FedEx

Corp.

(a)

22,402

7,979,143

Fidelity

National

Financial,

Inc.

(a)

44,653

2,071,006

Fidelity

National

Information

Services,

Inc.

(a)(c)

94,313

4,424,223

First

American

Financial

Corp.

(a)

1,161

69,997

First

Horizon

Corp.

(a)

30,785

700,667

First

Industrial

Realty

Trust,

Inc.,

REIT

(a)

2,641

152,782

First

Solar,

Inc.

*(a)

16,072

3,170,363

FirstCash

Holdings,

Inc.

(a)

3,746

704,248

Fiserv,

Inc.

*(a)(c)

32,926

1,837,271

Five

Below,

Inc.

*(a)

2,659

607,528

Flowserve

Corp.

(a)(c)

7,339

539,490

Fortinet,

Inc.

*(a)

51,376

4,198,447

Freeport-McMoRan,

Inc.

(a)

55,696

3,273,811

FTI

Consulting,

Inc.

*(a)(c)

5,785

1,022,614

Gaming

and

Leisure

Properties,

Inc.,

REIT

(a)

30,629

1,359,009

Gap,

Inc.

(The)

(a)

110,615

2,676,883

Garmin

Ltd.

(a)

15,400

3,572,954

Gartner,

Inc.

*(a)(c)

40,438

6,402,953

Gates

Industrial

Corp.

plc

*(a)

12,118

273,988

GCI

Liberty,

Inc.,

Class

C

*(a)(c)

1,681

62,550

General

Dynamics

Corp.

(a)

12,296

4,220,233

General

Mills,

Inc.

(a)

99,103

3,688,614

General

Motors

Co.

(a)

64,802

4,827,749

Genpact

Ltd.

(a)

88,433

3,294,129

Genuine

Parts

Co.

(a)(c)

33,969

3,592,222

GLOBALFOUNDRIES,

Inc.

*(a)

53,740

2,390,355

Globe

Life,

Inc.

(a)

1,326

184,539

Goldman

Sachs

Group,

Inc.

(The)

(a)

4,969

4,203,724

Goodyear

Tire

&

Rubber

Co.

(The)

*(a)(c)

576,746

3,823,826

Graco,

Inc.

(a)

11,329

959,000

Graham

Holdings

Co.,

Class

B

(a)

1,756

1,856,549

Greif,

Inc.,

Class

A

(a)(c)

1,397

93,697

GSK

plc

(2)(a)

60,282

1,660,497

Haemonetics

Corp.

*(a)

32,565

1,835,363

Halliburton

Co.

(a)(c)

15,791

615,691

Halozyme

Therapeutics,

Inc.

*(a)(c)

20,292

1,311,472

Hanover

Insurance

Group,

Inc.

(The)

(a)

12,294

2,131,165

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

211

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

83.4%

(continued)

Hartford

Insurance

Group,

Inc.

(The)

(a)

3,181

430,167

Hasbro,

Inc.

(a)

16,824

1,574,726

Hecla

Mining

Co.

(a)(c)

103,053

1,919,877

Hewlett

Packard

Enterprise

Co.

(a)

(c)

249,676

5,944,786

Hilton

Grand

Vacations,

Inc.

*(a)(c)

20,637

807,319

Honeywell

International,

Inc.

(a)

14,684

3,319,025

Howard

Hughes

Holdings,

Inc.

*(a)

5,751

363,808

Huntington

Ingalls

Industries,

Inc.

(a)

1,387

526,921

Huntsman

Corp.

(a)

164,900

2,194,819

IAC,

Inc.

*(a)(c)

25,446

1,018,603

Illinois

Tool

Works,

Inc.

(a)

10,061

2,618,778

Illumina,

Inc.

*(a)(c)

40,978

5,050,948

Incyte

Corp.

*(a)(c)

24,551

2,310,740

Ingredion,

Inc.

(a)

26,469

2,981,998

Insulet

Corp.

*(a)

4,284

898,955

Intel

Corp.

*(a)(c)

56,832

2,507,996

InterContinental

Hotels

Group

plc

(2)(a)

7,376

972,709

International

Business

Machines

Corp.

(a)(c)

29,489

7,147,838

Invesco

Ltd.

(a)

52,350

1,271,582

IQVIA

Holdings,

Inc.

*(a)(c)

9,035

1,540,829

Iridium

Communications,

Inc.

(a)(c)

122,566

3,399,981

Iron

Mountain,

Inc.,

REIT

(a)

21,832

2,229,920

ITT,

Inc.

(a)

9,918

1,889,677

Jacobs

Solutions,

Inc.

(a)

15,960

2,031,389

Janus

Henderson

Group

plc

(a)

17,687

908,581

Jazz

Pharmaceuticals

plc

*(a)

15,152

2,864,486

JB

Hunt

Transport

Services,

Inc.

(a)

27,094

5,741,219

Johnson

Controls

International

plc

(a)

12,740

1,668,303

Jones

Lang

LaSalle,

Inc.

*(a)

7,606

2,314,658

KB

Home

(a)(c)

13,228

684,549

KBR,

Inc.

(a)

24,344

897,320

Kinder

Morgan,

Inc.

(a)

104,146

3,492,015

Kirby

Corp.

*(a)(c)

2,244

298,183

KKR

&

Co.,

Inc.

(a)

29,440

2,723,200

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

(a)

46,874

2,699,005

Kroger

Co.

(The)

(a)

58,510

4,233,784

Kyndryl

Holdings,

Inc.

*(a)

203,127

2,665,026

Lam

Research

Corp.

(a)

16,574

3,541,201

Lamar

Advertising

Co.,

Class

A,

REIT

(a)(c)

18,702

2,368,795

Landstar

System,

Inc.

(a)

27,283

4,373,738

Lantheus

Holdings,

Inc.

*(a)(c)

16,143

1,224,447

Las

Vegas

Sands

Corp.

(a)

82,783

4,460,348

Lear

Corp.

(a)

4,506

545,586

Leidos

Holdings,

Inc.

(a)(c)

11,874

1,846,644

Lennar

Corp.,

Class

A

(a)(c)

26,124

2,268,608

Lennox

International,

Inc.

(a)

491

227,888

Leonardo

DRS,

Inc.

(a)

22,497

1,001,566

Lincoln

Electric

Holdings,

Inc.

(a)

7,470

1,860,628

Linde

plc

(a)(c)

4,838

2,398,487

Lineage,

Inc.,

REIT

(a)

99,771

3,268,498

LivaNova

plc

*(a)(c)

34,356

2,183,667

LKQ

Corp.

(a)(c)

53,047

1,557,990

INVESTMENTS

SHARES

VALUE

($)

United

States

-

83.4%

(continued)

Lockheed

Martin

Corp.

(a)

12,524

7,569,379

Louisiana-Pacific

Corp.

(a)(c)

4,437

322,792

Lowe's

Cos.,

Inc.

(a)

2,551

602,750

Lucid

Group,

Inc.

*(a)(c)

90,403

861,541

LyondellBasell

Industries

NV,

Class

A

(a)(c)

52,893

4,261,060

Macy's,

Inc.

(a)

214,061

3,872,363

ManpowerGroup,

Inc.

(a)

81,070

2,388,322

Marathon

Petroleum

Corp.

(a)

1,444

352,596

MarketAxess

Holdings,

Inc.

(a)

10,579

1,745,323

Marzetti

Co.

(The)

(a)

9,994

1,382,470

Masco

Corp.

(a)

7,629

460,563

Matador

Resources

Co.

(a)(c)

7,122

449,968

McDonald's

Corp.

(a)(c)

21,395

6,649,352

McKesson

Corp.

(a)

475

411,046

Medical

Properties

Trust,

Inc.,

REIT

70,414

326,017

Medpace

Holdings,

Inc.

*(a)(c)

11,365

5,457,359

Merck

&

Co.,

Inc.

(a)

31,407

3,777,948

Meta

Platforms,

Inc.,

Class

A

(a)

7,797

4,460,898

MetLife,

Inc.

(a)

20,648

1,460,227

MGIC

Investment

Corp.

(a)

42,255

1,109,194

MGM

Resorts

International

*(a)(c)

18,081

669,178

Micron

Technology,

Inc.

(a)

20,682

6,987,207

Microsoft

Corp.

(a)

28,643

10,602,778

MKS,

Inc.

(a)

6,081

1,397,475

Mohawk

Industries,

Inc.

*(a)(c)

24,409

2,403,310

Molson

Coors

Beverage

Co.,

Class

B

(a)(c)

27,763

1,195,475

Morgan

Stanley

(a)(c)

1,117

183,825

Mosaic

Co.

(The)

(a)

118,878

3,031,389

Mueller

Industries,

Inc.

(a)

57,479

6,368,673

Murphy

USA,

Inc.

(a)(c)

2,070

1,022,518

National

Fuel

Gas

Co.

(a)

3,421

321,437

nCino,

Inc.

*(a)

24,869

372,538

Netflix,

Inc.

*(a)

70,390

6,767,999

Neurocrine

Biosciences,

Inc.

*(a)

21,454

2,826,350

New

Jersey

Resources

Corp.

(a)(c)

35,533

1,951,472

New

York

Times

Co.

(The),

Class

A

(a)

42,586

3,565,726

Newell

Brands,

Inc.

(a)(c)

237,120

813,322

NewMarket

Corp.

(a)(c)

545

349,318

Newmont

Corp.

(a)

45,417

4,916,390

NNN

REIT,

Inc.,

REIT

(a)

22,793

957,990

Northern

Trust

Corp.

(a)

11,509

1,606,311

Norwegian

Cruise

Line

Holdings

Ltd.

*(a)(c)

8,787

164,317

Novartis

AG

(Registered)

(2)(a)

45,807

7,031,119

Nutanix,

Inc.,

Class

A

*(a)

75,418

2,866,638

nVent

Electric

plc

(a)

18,978

2,244,718

NVIDIA

Corp.

(a)

6,550

1,142,320

Occidental

Petroleum

Corp.

(a)(c)

90,792

5,901,480

OGE

Energy

Corp.

(a)

27,897

1,337,940

Okta,

Inc.,

Class

A

*(a)(c)

12,264

965,299

Olin

Corp.

(a)(c)

65,032

1,933,401

Omega

Healthcare

Investors,

Inc.,

REIT

(a)(c)

10,275

450,251

Omnicom

Group,

Inc.

(a)(c)

20,421

1,537,906

ONE

Gas,

Inc.

(a)(c)

18,068

1,556,197

OneMain

Holdings,

Inc.

(a)

37,238

1,991,861

Onto

Innovation,

Inc.

*(a)

15,469

3,172,228

212

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

83.4%

(continued)

Organon

&

Co.

(a)(c)

209,311

1,253,773

Oshkosh

Corp.

(a)(c)

10,823

1,593,254

Ovintiv,

Inc.

(a)

33,794

2,006,012

Owens

Corning

(a)

33,749

3,652,317

PACCAR,

Inc.

(a)

1,657

191,384

Packaging

Corp.

of

America

(a)(c)

6,685

1,418,691

Palantir

Technologies,

Inc.,

Class

A

*(a)

15,520

2,270,266

Park

Hotels

&

Resorts,

Inc.,

REIT

(a)

95,491

1,005,520

Pegasystems,

Inc.

(a)

20,762

883,631

Penn

Entertainment,

Inc.

*(a)(c)

25,576

384,407

Penske

Automotive

Group,

Inc.

(a)

(c)

2,195

328,196

Pentair

plc

(a)

11,134

969,883

PepsiCo,

Inc.

(a)

19,831

3,079,556

Permian

Resources

Corp.,

Class

A

(a)

43,475

926,887

Pfizer,

Inc.

(a)

108,270

3,040,222

PG&E

Corp.

(a)

452,307

7,947,033

Philip

Morris

International,

Inc.

(a)

10,737

1,775,256

Phillips

66

(a)

13,418

2,444,491

Pilgrim's

Pride

Corp.

(a)

7,411

279,839

Pinnacle

Financial

Partners,

Inc.

(a)(c)

13,269

1,142,992

Pinnacle

West

Capital

Corp.

(a)(c)

19,888

2,003,716

PNC

Financial

Services

Group,

Inc.

(The)

(a)

15,239

3,171,084

Polaris,

Inc.

(a)

33,809

1,842,591

Popular,

Inc.

(a)

21,046

2,823,742

Portland

General

Electric

Co.

(a)

83,081

4,384,184

Primerica,

Inc.

(a)(c)

1,932

483,927

Principal

Financial

Group,

Inc.

(a)(c)

23,737

2,138,941

Procter

&

Gamble

Co.

(The)

(a)(c)

32,942

4,758,142

Prosperity

Bancshares,

Inc.

(a)

39,771

2,671,816

Public

Service

Enterprise

Group,

Inc.

(a)(c)

16,144

1,306,857

Ralph

Lauren

Corp.,

Class

A

(a)

6,538

2,249,007

Rambus,

Inc.

*(a)

21,246

1,827,793

RBC

Bearings,

Inc.

*(a)(c)

460

249,835

Regeneron

Pharmaceuticals,

Inc.

(a)

1,858

1,435,565

Reinsurance

Group

of

America,

Inc.

(a)

17,139

3,499,098

RenaissanceRe

Holdings

Ltd.

(a)

4,336

1,288,789

Republic

Services,

Inc.,

Class

A

(a)

8,618

1,887,514

ResMed,

Inc.

(a)(c)

1,935

434,369

Reynolds

Consumer

Products,

Inc.

(a)

36,324

769,342

RH

*(a)(c)

8,520

1,191,266

RingCentral,

Inc.,

Class

A

(a)

75,187

2,796,205

Rivian

Automotive,

Inc.,

Class

A

*(a)(c)

22,250

334,863

Roche

Holding

AG

(2)(a)

340

135,691

Roivant

Sciences

Ltd.

*(a)(c)

23,682

655,991

Roku,

Inc.,

Class

A

*(a)

6,457

610,961

Roper

Technologies,

Inc.

(a)

4,263

1,508,505

Ross

Stores,

Inc.

(a)

18,399

3,985,775

Royal

Caribbean

Cruises

Ltd.

(a)(c)

12,731

3,503,317

RPM

International,

Inc.

(a)

17,244

1,714,054

INVESTMENTS

SHARES

VALUE

($)

United

States

-

83.4%

(continued)

RTX

Corp.

(a)

4,871

939,616

Ryder

System,

Inc.

(a)

14,475

2,963,177

Sabra

Health

Care

REIT,

Inc.,

REIT

(a)(c)

40,061

770,373

Saia,

Inc.

*(a)(c)

12,497

4,389,946

Sandisk

Corp.

*(a)

1,844

1,171,567

Sarepta

Therapeutics,

Inc.

*(a)(c)

118,342

2,575,122

Schneider

National,

Inc.,

Class

B

(a)

25,535

673,103

Science

Applications

International

Corp.

(a)

57,362

5,444,801

Scotts

Miracle-Gro

Co.

(The)

(a)(c)

8,253

501,865

Seaboard

Corp.

(a)

51

288,355

Seagate

Technology

Holdings

plc

(a)

9,225

3,613,986

Selective

Insurance

Group,

Inc.

(a)

42,634

3,214,177

Service

Corp.

International

(a)(c)

14,938

1,232,534

Shell

plc

(2)(a)

22,422

1,038,476

Signify

NV

(2)(a)(b)

45,053

959,593

Simon

Property

Group,

Inc.,

REIT

(a)

4,102

765,146

Simpson

Manufacturing

Co.,

Inc.

(a)

3,632

623,324

SiteOne

Landscape

Supply,

Inc.

*(a)

1,106

147,220

Smithfield

Foods,

Inc.

(a)

6,488

181,469

Smurfit

Westrock

plc

(a)(c)

88,480

3,525,928

Snap-on,

Inc.

(a)(c)

6,679

2,425,946

Sonoco

Products

Co.

(a)(c)

4,567

247,029

Sotera

Health

Co.

*(a)

116,030

1,663,870

Southwest

Gas

Holdings,

Inc.

(a)(c)

19,236

1,671,608

SS&C

Technologies

Holdings,

Inc.

(a)

71,079

4,802,808

State

Street

Corp.

9,977

1,262,689

STERIS

plc

(a)(c)

6,971

1,541,497

Sterling

Infrastructure,

Inc.

*(a)(c)

567

230,922

Stifel

Financial

Corp.

(a)

118,443

8,755,306

Strategy,

Inc.,

Class

A

*(a)(c)

2,454

306,259

Stryker

Corp.

(a)

12,816

4,211,209

Sun

Communities,

Inc.,

REIT

(a)

2,112

266,028

Synchrony

Financial

(a)

2,697

183,450

Take-Two

Interactive

Software,

Inc.

*(a)(c)

7,032

1,388,820

Tapestry,

Inc.

(a)

28,097

3,964,768

Target

Corp.

(a)

42,876

5,196,571

Taylor

Morrison

Home

Corp.,

Class

A

*(a)

79,679

4,640,505

TD

SYNNEX

Corp.

(a)

15,006

2,531,662

Tenet

Healthcare

Corp.

*(a)

9,756

1,841,055

Teradata

Corp.

*(a)(c)

32,007

820,339

Teradyne,

Inc.

(a)

6,551

1,942,109

Texas

Capital

Bancshares,

Inc.

*(a)

34,089

3,234,364

Texas

Roadhouse,

Inc.,

Class

A

(a)

9,306

1,536,793

Textron,

Inc.

(a)(c)

57,398

5,025,769

TJX

Cos.,

Inc.

(The)

(a)

47,590

7,600,122

T-Mobile

US,

Inc.

(a)

9,886

2,076,357

Toll

Brothers,

Inc.

(a)

17,919

2,445,406

Toro

Co.

(The)

(a)

31,540

2,947,098

Trade

Desk,

Inc.

(The),

Class

A

*(a)

(c)

16,773

380,579

Tradeweb

Markets,

Inc.,

Class

A

(a)

6,901

811,972

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

213

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

83.4%

(continued)

TransUnion

(a)(c)

21,640

1,497,272

Travel

+

Leisure

Co.

(a)

24,668

1,706,779

Travelers

Cos.,

Inc.

(The)

(a)

23,459

6,842,521

Trex

Co.,

Inc.

*(a)

29,027

1,057,163

Trimble,

Inc.

*(a)(c)

29,269

1,909,217

TTM

Technologies,

Inc.

*(a)(c)

6,386

622,124

Tyson

Foods,

Inc.,

Class

A

(a)

20,734

1,328,427

UFP

Industries,

Inc.

(a)(c)

2,710

249,645

Ultragenyx

Pharmaceutical,

Inc.

*(a)(c)

69,901

1,464,426

Under

Armour,

Inc.,

Class

A

*(a)(c)

79,961

472,570

Union

Pacific

Corp.

(a)(c)

5,560

1,348,967

United

Airlines

Holdings,

Inc.

*(a)

64,563

5,944,315

United

Parcel

Service,

Inc.,

Class

B

(a)(c)

23,494

2,311,340

United

Therapeutics

Corp.

*(a)

4,729

2,804,202

Universal

Display

Corp.

(a)(c)

7,061

647,211

Universal

Health

Services,

Inc.,

Class

B

(a)

4,082

730,556

US

Bancorp

(a)

30,834

1,603,676

Valmont

Industries,

Inc.

(a)

3,081

1,231,075

Veeva

Systems,

Inc.,

Class

A

*(a)

24,857

4,366,381

Veralto

Corp.

(a)

17,077

1,509,948

VeriSign,

Inc.

(a)

9,862

2,449,326

Verizon

Communications,

Inc.

(a)

5,003

251,151

Versant

Media

Group,

Inc.

*(a)

65,143

2,411,594

Vertiv

Holdings

Co.,

Class

A

(a)

14,673

3,676,760

VF

Corp.

(a)(c)

74,710

1,269,323

Viatris,

Inc.

(a)

63,235

854,305

VICI

Properties,

Inc.,

Class

A,

REIT

(a)

33,618

918,444

Viking

Holdings

Ltd.

*(a)

47,954

3,523,660

Virtu

Financial,

Inc.,

Class

A

(a)(c)

47,576

2,092,392

Vornado

Realty

Trust,

REIT

(a)(c)

146,909

3,818,165

Warner

Music

Group

Corp.,

Class

A

(a)(c)

97,185

2,482,105

Waste

Connections,

Inc.

(a)

27,823

4,519,568

Watts

Water

Technologies,

Inc.,

Class

A

(a)

6,453

1,873,241

Wells

Fargo

&

Co.

(a)

7,779

619,286

WESCO

International,

Inc.

(a)(c)

3,138

858,620

West

Pharmaceutical

Services,

Inc.

(a)

9,226

2,312,405

Western

Digital

Corp.

(a)(c)

5,972

1,615,366

Western

Union

Co.

(The)

(a)(c)

136,658

1,193,024

Westinghouse

Air

Brake

Technologies

Corp.

(a)

12,884

3,219,840

Westlake

Corp.

(a)(c)

7,486

874,515

WEX,

Inc.

*(a)(c)

12,628

1,932,589

Williams-Sonoma,

Inc.

(a)

31,970

5,829,090

Wintrust

Financial

Corp.

(a)(c)

8,751

1,215,864

Woodward,

Inc.

(a)

4,388

1,570,553

WP

Carey,

Inc.,

REIT

(a)

5,383

365,829

WW

Grainger,

Inc.

(a)(c)

216

235,615

Wynn

Resorts

Ltd.

(a)(c)

8,470

860,129

YETI

Holdings,

Inc.

*(a)(c)

13,938

509,991

Zions

Bancorp

NA

(a)

25,233

1,453,925

Zoom

Communications,

Inc.,

Class

A

*(a)

30,549

2,455,834

INVESTMENTS

SHARES

VALUE

($)

United

States

-

83.4%

(continued)

ZoomInfo

Technologies,

Inc.,

Class

A

*(a)(c)

322,046

1,925,835

1,043,972,150

TOTAL

COMMON

STOCKS

(Cost

$1,471,280,282)

1,625,625,222

PREFERRED

STOCKS

-

0.4%

Germany

-

0

.4

%

Henkel

AG

&

Co.

KGaA

(Preference)

(2)(a)

5,939

458,783

Volkswagen

AG

(Preference)

(2)(a)

38,854

3,974,473

TOTAL

PREFERRED

STOCKS

(Cost

$4,947,123)                                                    

4,433,256

NO.

OF

RIGHTS

RIGHTS

-

0.0%

†

Italy

-

0

.0

%

†

Telecom

Italia

SpA,

expiring

4/1/2026

(2)*

(Cost

$–)

1,036,916

11

SHARES

SHORT-TERM

INVESTMENTS

-

65.2%

INVESTMENT

COMPANIES

-

21

.3

%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(d)(e)

19,548,357

19,548,357

Limited

Purpose

Cash

Investment

Fund,

3.65%

(d)

246,760,482

246,760,482

TOTAL

INVESTMENT

COMPANIES

(Cost

$266,308,765)

266,308,839

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

43

.9

%

U.S.

Treasury

Bills

3.79%,

4/2/2026

(2)(f)

$

5,966,000

5,965,399

3.75%,

4/16/2026

(2)(f)

7,000,000

6,989,424

3.73%,

4/23/2026

(2)(f)

26,648,000

26,588,891

3.71%,

4/30/2026

(2)(f)

33,223,000

33,125,859

3.77%,

5/7/2026

(2)(f)

2,020,000

2,012,642

3.76%,

5/14/2026

(2)(f)

32,104,000

31,964,401

3.78%,

5/21/2026

(2)(f)

3,802,000

3,782,842

3.65%,

6/11/2026

(2)(f)

3,847,000

3,819,707

3.56%,

6/18/2026

(2)(f)

23,132,000

22,951,721

3.55%,

6/25/2026

(2)(f)

23,867,000

23,664,835

3.56%,

7/2/2026

(2)(f)

7,379,000

7,311,052

3.54%,

7/9/2026

(2)(f)

2,550,000

2,524,716

3.55%,

7/16/2026

(2)(f)

13,276,000

13,135,710

3.58%,

7/23/2026

(2)(f)

7,000,000

6,921,083

3.59%,

7/30/2026

(2)(f)(g)

20,987,000

20,734,546

3.59%,

8/6/2026

(2)(f)

7,007,000

6,918,264

3.56%,

8/13/2026

(2)(f)

5,898,000

5,818,845

3.56%,

8/20/2026

(2)(f)

4,000,000

3,943,585

3.59%,

8/27/2026

(2)(f)(g)

26,518,000

26,126,079

3.60%,

9/3/2026

(2)(f)

1,744,000

1,717,023

3.60%,

9/10/2026

(2)(f)

81,290,000

79,977,455

214

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

43.9%

(continued)

3.64%,

9/17/2026

(2)(f)

$

46,171,000

45,392,162

3.70%,

9/24/2026

(2)(f)(g)

115,918,000

113,892,353

3.67%,

10/1/2026

(2)(f)

55,138,000

54,131,777

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$549,439,977)

549,410,371

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$815,748,742)

815,719,210

NO.

OF

CONTRACTS

PURCHASED

OPTIONS

-

0.4%

Put

Option

s

-

0

.4

%

Over-the-Counter

Equity

Index

Options

-

0

.4

%

S&P

500

Index

JPMC

Exercise

Price:

USD

6,500

Notional

Amount:

USD

148,850,256

Expiration

Date:

6/18/2026

(2)

228

5,075,153

NOTIONAL

AMOUNT

Interest

Rate

Swaptions

-

0

.0

%

†

2-Year

Interest

Rate

Swap,

Pays

SOFR

Quarterly,

Receives

3.23%

Quarterly

JPMC

Exercise

Rate:

3.23%

Expiration

Date:

6/17/2026

(2)

$

240,773,175

448,110

TOTAL

PURCHASED

OPTIONS

(Cost

$5,116,541)

5,523,263

TOTAL

LONG

POSITIONS

(Cost

$2,297,092,688)

2,451,300,962

SHARES

SHORT

POSITIONS

-

(134.8)%

COMMON

STOCKS

-

(134.3)%

Australia

-

(

3

.8

)

%

Ampol

Ltd.

(2)

(

8,844

)

(

205,123

)

APA

Group

(2)

(

74,763

)

(

515,021

)

Aristocrat

Leisure

Ltd.

(2)

(

6,463

)

(

205,428

)

Atlas

Arteria

Ltd.

(2)

(

319,793

)

(

948,382

)

CAR

Group

Ltd.

(2)

(

106,339

)

(

1,697,529

)

Cleanaway

Waste

Management

Ltd.

(2)

(

464,318

)

(

735,282

)

Cochlear

Ltd.

(2)

(

20,816

)

(

2,449,433

)

Coles

Group

Ltd.

(2)

(

193,639

)

(

2,936,490

)

CSL

Ltd.

(2)

(

28,387

)

(

2,788,142

)

Endeavour

Group

Ltd.

(2)

(

191,977

)

(

434,563

)

Fortescue

Ltd.

(2)

(

172,992

)

(

2,471,987

)

Insurance

Australia

Group

Ltd.

(

70,082

)

(

354,912

)

Lendlease

Corp.

Ltd.

(2)

(

102,825

)

(

236,739

)

Liontown

Ltd.

(2)

(

360,279

)

(

439,744

)

Lynas

Rare

Earths

Ltd.

(2)

(

347,826

)

(

4,722,597

)

Macquarie

Group

Ltd.

(2)

(

4,739

)

(

673,207

)

Medibank

Pvt

Ltd.

(2)

(

586,747

)

(

1,775,369

)

Mineral

Resources

Ltd.

(2)

(

37,622

)

(

1,445,168

)

National

Australia

Bank

Ltd.

(2)

(

52,417

)

(

1,516,197

)

INVESTMENTS

SHARES

VALUE

($)

Australia

-

(3.8)%

(continued)

New

Hope

Corp.

Ltd.

(2)

(

25,663

)

(

104,836

)

NEXTDC

Ltd.

(2)

(

256,674

)

(

2,052,103

)

Origin

Energy

Ltd.

(2)

(

103,602

)

(

891,512

)

PLS

Group

Ltd.

(2)

(

308,621

)

(

1,130,026

)

Ramsay

Health

Care

Ltd.

(2)

(

58,878

)

(

1,601,415

)

REA

Group

Ltd.

(2)

(

5,482

)

(

600,599

)

Reece

Ltd.

(2)

(

4,246

)

(

39,510

)

Santos

Ltd.

(2)

(

86,981

)

(

476,094

)

SEEK

Ltd.

(2)

(

31,919

)

(

313,656

)

Suncorp

Group

Ltd.

(2)

(

61,615

)

(

691,485

)

Telix

Pharmaceuticals

Ltd.

(2)

(

133,016

)

(

1,273,495

)

Telstra

Group

Ltd.

(2)

(

1,263,383

)

(

4,663,916

)

Transurban

Group

(2)

(

58,181

)

(

567,546

)

Treasury

Wine

Estates

Ltd.

(2)

(

397,781

)

(

1,026,577

)

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(2)

(

33,445

)

(

939,902

)

Wesfarmers

Ltd.

(2)

(

22,434

)

(

1,145,390

)

Westpac

Banking

Corp.

(2)

(

51,728

)

(

1,429,517

)

WiseTech

Global

Ltd.

(2)

(

69,856

)

(

1,884,755

)

Woodside

Energy

Group

Ltd.

(2)

(

18,268

)

(

433,637

)

Woolworths

Group

Ltd.

(2)

(

12,257

)

(

309,517

)

(48,126,801)

Austria

-

(

0

.0

)

%

†

Mondi

plc

(2)

(

34,296

)

(

387,738

)

Belgium

-

(

0

.4

)

%

D'ieteren

Group

(2)

(

8,949

)

(

1,656,934

)

Financiere

de

Tubize

SA

(2)

(

3,497

)

(

867,486

)

Lotus

Bakeries

NV

(2)

(

21

)

(

237,106

)

UCB

SA

(2)

(

7,080

)

(

2,133,181

)

(4,894,707)

Brazil

-

(

0

.5

)

%

MercadoLibre,

Inc.

(

3,301

)

(

5,707,495

)

Wheaton

Precious

Metals

Corp.

(

6,601

)

(

866,467

)

(6,573,962)

Canada

-

(

4

.0

)

%

Agnico

Eagle

Mines

Ltd.

(

5,116

)

(

1,038,462

)

Alimentation

Couche-Tard,

Inc.

(

13,901

)

(

787,933

)

AltaGas

Ltd.

(

19,565

)

(

678,608

)

AtkinsRealis

Group,

Inc.

(

8,370

)

(

538,506

)

BCE,

Inc.

(

14,844

)

(

374,541

)

Bombardier,

Inc.,

Class

B

(

6,126

)

(

1,083,401

)

Brookfield

Asset

Management

Ltd.,

Class

A

(

76,330

)

(

3,393,725

)

Brookfield

Corp.,

Class

A

(

46,671

)

(

1,891,197

)

Brookfield

Renewable

Corp.

(

12,670

)

(

504,942

)

Cameco

Corp.

(

9,441

)

(

1,026,694

)

Capstone

Copper

Corp.

(

15,832

)

(

119,386

)

CCL

Industries,

Inc.,

Class

B

(

8,317

)

(

521,105

)

CGI,

Inc.

(

20,533

)

(

1,501,119

)

Constellation

Software,

Inc.

(

946

)

(

1,660,644

)

Descartes

Systems

Group,

Inc.

(The)

(

11,135

)

(

797,564

)

Dollarama,

Inc.

(

2,121

)

(

260,311

)

Element

Fleet

Management

Corp.

(

27,722

)

(

601,231

)

Emera,

Inc.

(

6,364

)

(

329,889

)

Enbridge,

Inc.

(

43,118

)

(

2,337,379

)

G

Mining

Ventures

Corp.

(

10,011

)

(

351,331

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

215

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Canada

-

(4.0)%

(continued)

Gildan

Activewear,

Inc.

(

20,546

)

(

1,144,201

)

Hudbay

Minerals,

Inc.

(

24,967

)

(

522,816

)

Hydro

One

Ltd.

(b)

(

59,746

)

(

2,467,405

)

Imperial

Oil

Ltd.

(

6,508

)

(

852,435

)

Intact

Financial

Corp.

(

2,303

)

(

417,325

)

Keyera

Corp.

(

61,303

)

(

2,371,299

)

Loblaw

Cos.

Ltd.

(

10,327

)

(

470,806

)

National

Bank

of

Canada

(

7,664

)

(

991,731

)

NexGen

Energy

Ltd.

(

63,897

)

(

741,354

)

Open

Text

Corp.

(

69,721

)

(

1,553,699

)

RB

Global,

Inc.

(

17,312

)

(

1,660,264

)

Rogers

Communications,

Inc.,

Class

B

(

148,004

)

(

5,692,052

)

Shopify,

Inc.,

Class

A

(

42,715

)

(

5,068,319

)

Sun

Life

Financial,

Inc.

(

30,600

)

(

1,917,037

)

Thomson

Reuters

Corp.

(

21,747

)

(

1,962,874

)

Whitecap

Resources,

Inc.

(

130,227

)

(

1,469,746

)

WSP

Global,

Inc.

(

4,303

)

(

669,686

)

(49,771,017)

Chile

-

(

0

.1

)

%

Lundin

Mining

Corp.

(

28,768

)

(

717,391

)

China

-

(

0

.4

)

%

Prosus

NV

(2)

(

114,115

)

(

5,283,019

)

Denmark

-

(

1

.5

)

%

Carlsberg

A/S,

Class

B

(

3,280

)

(

407,489

)

Coloplast

A/S,

Class

B

(2)

(

48,026

)

(

3,271,480

)

Demant

A/S

(2)

(

59,773

)

(

1,811,333

)

DSV

A/S

(2)

(

6,861

)

(

1,656,988

)

Genmab

A/S

(2)

(

778

)

(

209,532

)

GN

Store

Nord

A/S

(2)

(

6,274

)

(

100,356

)

Novo

Nordisk

A/S,

Class

B

(2)

(

102,097

)

(

3,736,188

)

Novonesis

Novozymes,

Class

B

(2)

(

112,908

)

(

6,707,998

)

ROCKWOOL

A/S,

Class

B

(2)

(

2,784

)

(

77,325

)

Tryg

A/S

(

29,770

)

(

709,577

)

(18,688,266)

Finland

-

(

0

.2

)

%

Kone

OYJ,

Class

B

(2)

(

9,813

)

(

626,469

)

Neste

OYJ

(2)

(

30,420

)

(

988,576

)

Sampo

OYJ,

Class

A

(

36,323

)

(

386,336

)

Valmet

OYJ

(2)

(

3,264

)

(

93,395

)

(2,094,776)

France

-

(

3

.3

)

%

Accor

SA

(2)

(

34,902

)

(

1,674,011

)

Aeroports

de

Paris

SA

(2)

(

3,776

)

(

461,303

)

Air

Liquide

SA

(2)

(

3,914

)

(

809,018

)

Airbus

SE

(2)

(

9,411

)

(

1,779,366

)

Alstom

SA

(2)

(

18,293

)

(

523,147

)

Arkema

SA

(2)

(

10,628

)

(

729,696

)

BioMerieux

(2)

(

4,812

)

(

514,084

)

Bollore

SE

(2)

(

179,585

)

(

1,026,870

)

Bureau

Veritas

SA

(2)

(

44,644

)

(

1,336,258

)

Capgemini

SE

(2)

(

16,031

)

(

1,891,634

)

Cie

de

Saint-Gobain

SA

(2)

(

32,522

)

(

2,692,641

)

Cie

Generale

des

Etablissements

Michelin

SCA

(2)

(

34,523

)

(

1,182,720

)

Dassault

Systemes

SE

(2)

(

269,769

)

(

5,461,270

)

INVESTMENTS

SHARES

VALUE

($)

France

-

(3.3)%

(continued)

Edenred

SE

(2)

(

20,678

)

(

411,883

)

Engie

SA

(2)

(

60,314

)

(

1,943,767

)

EssilorLuxottica

SA

(2)

(

10,473

)

(

2,440,472

)

FDJ

UNITED

(2)

(

28,659

)

(

843,404

)

Gaztransport

Et

Technigaz

SA

(2)

(

3,823

)

(

899,146

)

Hermes

International

SCA

(2)

(

1,084

)

(

2,053,477

)

Kering

SA

(2)

(

2,007

)

(

609,453

)

L'Oreal

SA

(2)

(

4,877

)

(

1,991,233

)

Pernod

Ricard

SA

(2)

(

60,863

)

(

4,525,887

)

Publicis

Groupe

SA

(2)

(

5,258

)

(

435,202

)

Remy

Cointreau

SA

(2)

(

18,867

)

(

815,861

)

Sodexo

SA

(2)

(

18,771

)

(

963,554

)

SPIE

SA

(2)

(

49,729

)

(

2,490,211

)

Technip

Energies

NV

(2)

(

15,039

)

(

635,511

)

(41,141,079)

Germany

-

(

3

.8

)

%

Allianz

SE

(Registered)

(2)

(

10,105

)

(

4,267,530

)

Auto1

Group

SE

(2)(h)

(

26,116

)

(

464,971

)

BASF

SE

(2)

(

17,012

)

(

1,047,776

)

Beiersdorf

AG

(2)

(

6,895

)

(

619,773

)

Brenntag

SE

(2)

(

20,224

)

(

1,369,939

)

CTS

Eventim

AG

&

Co.

KGaA

(2)

(

31,458

)

(

1,842,518

)

Deutsche

Telekom

AG

(Registered)

(2)

(

81,840

)

(

3,054,536

)

E.ON

SE

(2)

(

228,827

)

(

5,011,647

)

GEA

Group

AG

(2)

(

10,510

)

(

753,753

)

Hannover

Rueck

SE

(2)

(

3,503

)

(

1,101,347

)

Hensoldt

AG

(2)

(

32,736

)

(

2,905,332

)

HOCHTIEF

AG

(2)

(

2,020

)

(

918,840

)

Merck

KGaA

(2)

(

17,544

)

(

2,229,031

)

MTU

Aero

Engines

AG

(2)

(

7,843

)

(

2,861,275

)

Nemetschek

SE

(2)

(

7,515

)

(

562,573

)

Rational

AG

(2)

(

68

)

(

49,888

)

RENK

Group

AG

(2)

(

45,104

)

(

2,695,942

)

SAP

SE

(2)

(

14,615

)

(

2,491,604

)

Schaeffler

AG

(2)

(

23,794

)

(

198,744

)

Siemens

AG

(Registered)

(2)

(

21,306

)

(

5,190,869

)

Siemens

Healthineers

AG

(2)(b)

(

72,652

)

(

3,099,774

)

Symrise

AG,

Class

A

(2)

(

47,391

)

(

4,046,802

)

TeamViewer

SE

(2)(b)

(

55

)

(

285

)

Zalando

SE

(2)(b)

(

10,327

)

(

252,296

)

(47,037,045)

Hong

Kong

-

(

0

.0

)

%

†

Prudential

plc

(2)

(

24,887

)

(

346,007

)

Italy

-

(

2

.1

)

%

Banca

Monte

dei

Paschi

di

Siena

SpA

(2)

(

218,853

)

(

1,909,608

)

BPER

Banca

SpA

(2)

(

114,519

)

(

1,500,797

)

Brunello

Cucinelli

SpA

(2)

(

5,044

)

(

440,816

)

Coca-Cola

HBC

AG

(2)

(

4,039

)

(

227,514

)

DiaSorin

SpA

(2)

(

11,382

)

(

797,456

)

ERG

SpA

(2)

(

8,948

)

(

228,455

)

Ferrari

NV

(2)

(

16,648

)

(

5,648,731

)

FinecoBank

Banca

Fineco

SpA

(2)

(

28,498

)

(

634,044

)

Generali

(2)

(

93,304

)

(

3,753,761

)

Infrastrutture

Wireless

Italiane

SpA

(2)(b)

(

171,047

)

(

1,365,007

)

216

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Italy

-

(2.1)%

(continued)

Interpump

Group

SpA

(2)

(

2,494

)

(

95,223

)

Moncler

SpA

(2)

(

16,172

)

(

973,693

)

Recordati

Industria

Chimica

e

Farmaceutica

SpA

(2)

(

4,027

)

(

230,580

)

Reply

SpA

(2)

(

4,982

)

(

468,852

)

Technoprobe

SpA

(2)

(

66,256

)

(

1,110,357

)

Telecom

Italia

SpA

(2)

(

1,888,849

)

(

1,326,168

)

Terna

-

Rete

Elettrica

Nazionale

(2)

(

493,487

)

(

5,644,214

)

(26,355,276)

Japan

-

(

17

.9

)

%

Aeon

Co.

Ltd.

(2)

(

236,000

)

(

2,821,603

)

Ajinomoto

Co.,

Inc.

(2)

(

7,500

)

(

212,034

)

Allegro

MicroSystems,

Inc.

(

40,691

)

(

1,282,987

)

Asahi

Group

Holdings

Ltd.

(2)

(

163,800

)

(

1,635,482

)

Asahi

Kasei

Corp.

(2)

(

109,700

)

(

1,073,357

)

Asics

Corp.

(2)

(

47,000

)

(

1,263,600

)

Azbil

Corp.

(2)

(

87,500

)

(

764,538

)

BayCurrent,

Inc.

(2)

(

111,100

)

(

3,215,938

)

Bridgestone

Corp.

(2)

(

37,200

)

(

775,184

)

Capcom

Co.

Ltd.

(2)

(

114,600

)

(

2,421,719

)

Chiba

Bank

Ltd.

(The)

(2)

(

95,500

)

(

1,236,206

)

Chugai

Pharmaceutical

Co.

Ltd.

(2)

(

95,600

)

(

5,272,195

)

Daifuku

Co.

Ltd.

(2)

(

109,000

)

(

3,848,690

)

Daiichi

Sankyo

Co.

Ltd.

(2)

(

150,600

)

(

2,694,334

)

Daikin

Industries

Ltd.

(2)

(

15,600

)

(

1,871,172

)

Daiwa

Securities

Group,

Inc.

(2)

(

232,300

)

(

2,201,133

)

Dentsu

Group,

Inc.

(2)

(

27,300

)

(

469,211

)

East

Japan

Railway

Co.

(2)

(

22,800

)

(

521,469

)

Ebara

Corp.

(2)

(

97,100

)

(

2,748,720

)

Eisai

Co.

Ltd.

(2)

(

55,800

)

(

1,746,921

)

Fast

Retailing

Co.

Ltd.

(2)

(

10,200

)

(

4,030,085

)

FUJIFILM

Holdings

Corp.

(2)

(

159,000

)

(

3,029,848

)

Fujikura

Ltd.

(2)

(

27,600

)

(

759,056

)

Hikari

Tsushin,

Inc.

(2)

(

6,100

)

(

1,551,908

)

Hitachi

Ltd.

(2)

(

41,800

)

(

1,226,224

)

Hoshizaki

Corp.

(2)

(

26,300

)

(

846,654

)

Hoya

Corp.

(2)

(

4,400

)

(

762,786

)

Ibiden

Co.

Ltd.

(2)

(

47,400

)

(

2,371,920

)

IHI

Corp.

(2)

(

76,900

)

(

1,586,678

)

Inpex

Corp.

(2)

(

12,700

)

(

375,660

)

Isuzu

Motors

Ltd.

(2)

(

60,100

)

(

865,486

)

ITOCHU

Corp.

(2)

(

540,500

)

(

6,875,426

)

Japan

Tobacco,

Inc.

(2)

(

39,600

)

(

1,519,209

)

Keisei

Electric

Railway

Co.

Ltd.

(2)

(

130,100

)

(

973,403

)

Keyence

Corp.

(2)

(

30,200

)

(

10,748,402

)

Kikkoman

Corp.

(2)

(

227,300

)

(

2,063,603

)

Kobe

Bussan

Co.

Ltd.

(2)

(

65,700

)

(

1,421,681

)

Kokusai

Electric

Corp.

(2)

(

66,900

)

(

2,262,203

)

Konami

Group

Corp.

(2)

(

18,300

)

(

2,255,075

)

Kyowa

Kirin

Co.

Ltd.

(2)

(

19,000

)

(

310,955

)

Lasertec

Corp.

(2)

(

18,500

)

(

4,117,611

)

LY

Corp.

(2)

(

169,300

)

(

408,205

)

M3,

Inc.

(2)

(

183,500

)

(

1,883,511

)

Marubeni

Corp.

(2)

(

63,800

)

(

2,333,928

)

MatsukiyoCocokara

&

Co.

(

26,700

)

(

424,966

)

MINEBEA

MITSUMI,

Inc.

(2)

(

10,200

)

(

169,372

)

Mitsubishi

Corp.

(2)

(

167,900

)

(

5,759,972

)

Mitsubishi

Electric

Corp.

(2)

(

67,100

)

(

2,194,646

)

Mitsubishi

HC

Capital,

Inc.

(2)

(

66,400

)

(

595,812

)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(17.9)%

(continued)

Mitsubishi

Heavy

Industries

Ltd.

(2)

(

85,900

)

(

2,360,245

)

Mitsubishi

UFJ

Financial

Group,

Inc.

(2)

(

161,900

)

(

2,741,604

)

MonotaRO

Co.

Ltd.

(2)

(

249,100

)

(

2,700,124

)

MS&AD

Insurance

Group

Holdings,

Inc.

(2)

(

33,100

)

(

863,764

)

Nexon

Co.

Ltd.

(2)

(

80,300

)

(

1,512,586

)

NIDEC

Corp.

(2)

(

44,800

)

(

568,880

)

Nintendo

Co.

Ltd.

(2)

(

74,100

)

(

4,230,046

)

Nippon

Paint

Holdings

Co.

Ltd.

(2)

(

376,000

)

(

2,357,725

)

Nippon

Sanso

Holdings

Corp.

(2)

(

106,300

)

(

3,769,228

)

Nissin

Foods

Holdings

Co.

Ltd.

(2)

(

66,300

)

(

1,258,355

)

Nitto

Denko

Corp.

(2)

(

98,100

)

(

1,962,415

)

Nomura

Research

Institute

Ltd.

(2)

(

182,900

)

(

5,005,542

)

Obic

Co.

Ltd.

(

132,300

)

(

3,211,112

)

Olympus

Corp.

(2)

(

476,500

)

(

4,539,772

)

Oracle

Corp.

Japan

(

9,400

)

(

509,787

)

Oriental

Land

Co.

Ltd.

(2)

(

292,300

)

(

4,974,886

)

Osaka

Gas

Co.

Ltd.

(2)

(

34,600

)

(

1,401,457

)

Panasonic

Holdings

Corp.

(2)

(

53,700

)

(

900,622

)

Rakuten

Bank

Ltd.

(2)

(

84,200

)

(

3,078,326

)

Recruit

Holdings

Co.

Ltd.

(2)

(

75,700

)

(

3,298,247

)

Renesas

Electronics

Corp.

(2)

(

132,400

)

(

1,892,953

)

Sanrio

Co.

Ltd.

(2)

(

255,000

)

(

1,585,400

)

SCREEN

Holdings

Co.

Ltd.

(2)

(

43,000

)

(

2,561,793

)

Secom

Co.

Ltd.

(2)

(

24,700

)

(

940,843

)

Seibu

Holdings,

Inc.

(2)

(

55,600

)

(

1,553,396

)

Sekisui

Chemical

Co.

Ltd.

(2)

(

18,300

)

(

307,233

)

Seven

&

i

Holdings

Co.

Ltd.

(2)

(

19,300

)

(

259,578

)

Shimadzu

Corp.

(2)

(

33,500

)

(

796,056

)

Shimano,

Inc.

(2)

(

43,700

)

(

4,562,405

)

Shin-Etsu

Chemical

Co.

Ltd.

(2)

(

105,400

)

(

4,291,763

)

Skylark

Holdings

Co.

Ltd.

(2)

(

49,700

)

(

1,071,366

)

SMC

Corp.

(2)

(

3,600

)

(

1,415,874

)

SoftBank

Corp.

(2)

(

1,774,100

)

(

2,373,965

)

SoftBank

Group

Corp.

(2)

(

57,400

)

(

1,397,676

)

Sompo

Holdings,

Inc.

(2)

(

56,000

)

(

2,179,982

)

Sony

Group

Corp.

(2)

(

176,900

)

(

3,687,080

)

Sumitomo

Mitsui

Financial

Group,

Inc.

(2)

(

131,200

)

(

4,313,899

)

Suntory

Beverage

&

Food

Ltd.

(2)

(

15,900

)

(

449,018

)

Suzuki

Motor

Corp.

(2)

(

165,500

)

(

2,017,234

)

Sysmex

Corp.

(2)

(

62,500

)

(

545,056

)

T&D

Holdings,

Inc.

(2)

(

37,400

)

(

957,984

)

Terumo

Corp.

(2)

(

152,100

)

(

2,043,427

)

TIS,

Inc.

(2)

(

76,800

)

(

1,642,094

)

Toho

Co.

Ltd.

(

74,900

)

(

786,732

)

Tokio

Marine

Holdings,

Inc.

(2)

(

59,400

)

(

2,788,294

)

Tokyo

Electron

Ltd.

(2)

(

16,100

)

(

4,000,060

)

Tokyu

Corp.

(2)

(

39,900

)

(

470,982

)

Toyota

Industries

Corp.

(2)

(

25,782

)

(

3,334,127

)

Trend

Micro,

Inc.

(2)

(

66,000

)

(

2,200,214

)

Unicharm

Corp.

(

117,200

)

(

687,153

)

West

Japan

Railway

Co.

(

29,800

)

(

587,344

)

Yakult

Honsha

Co.

Ltd.

(2)

(

88,500

)

(

1,480,897

)

Yamaha

Motor

Co.

Ltd.

(2)

(

505,500

)

(

3,651,933

)

Yaskawa

Electric

Corp.

(2)

(

72,700

)

(

1,920,131

)

Yokohama

Rubber

Co.

Ltd.

(The)

(2)

(

12,700

)

(

487,278

)

Zensho

Holdings

Co.

Ltd.

(2)

(

32,600

)

(

1,903,280

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

217

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(17.9)%

(continued)

ZOZO,

Inc.

(2)

(

528,300

)

(

3,699,641

)

(223,889,642)

Kazakhstan

-

(

0

.0

)

%

†

Freedom

Holding

Corp.

(

4,138

)

(

599,513

)

Luxembourg

-

(

0

.1

)

%

CVC

Capital

Partners

plc

(2)(b)

(

130,346

)

(

1,701,705

)

Netherlands

-

(

1

.7

)

%

Aalberts

NV

(2)

(

35

)

(

1,219

)

Adyen

NV

(2)(b)

(

4,218

)

(

4,221,586

)

Arcadis

NV

(2)

(

24,514

)

(

784,247

)

Argenx

SE

(2)

(

5,224

)

(

3,791,261

)

ASR

Nederland

NV

(2)

(

5,141

)

(

353,942

)

EXOR

NV

(2)

(

20,399

)

(

1,561,498

)

Heineken

NV

(2)

(

8,525

)

(

655,729

)

Koninklijke

Philips

NV

(2)

(

16,381

)

(

448,057

)

NXP

Semiconductors

NV

(

20,146

)

(

3,965,942

)

Randstad

NV

(2)

(

6,929

)

(

180,846

)

Universal

Music

Group

NV

(2)

(

242,489

)

(

4,706,910

)

Wolters

Kluwer

NV

(2)

(

14,942

)

(

1,115,992

)

(21,787,229)

New

Zealand

-

(

0

.0

)

%

†

Xero

Ltd.

(2)

(

6,673

)

(

352,667

)

Norway

-

(

0

.3

)

%

Aker

BP

ASA

(2)

(

51,472

)

(

1,902,866

)

DNB

Bank

ASA

(2)

(

11,438

)

(

357,880

)

Orkla

ASA

(2)

(

44,961

)

(

565,818

)

Salmar

ASA

(

3,364

)

(

196,290

)

TOMRA

Systems

ASA

(2)

(

66,886

)

(

806,389

)

(3,829,243)

Portugal

-

(

0

.1

)

%

Galp

Energia

SGPS

SA

(2)

(

37,836

)

(

907,217

)

Jeronimo

Martins

SGPS

SA

(2)

(

26,438

)

(

632,168

)

(1,539,385)

Singapore

-

(

1

.2

)

%

DBS

Group

Holdings

Ltd.

(2)

(

62,600

)

(

2,785,708

)

Grab

Holdings

Ltd.,

Class

A

(

1,892,627

)

(

6,927,015

)

Sea

Ltd.,

ADR

(

13,101

)

(

1,084,894

)

Sembcorp

Industries

Ltd.

(2)

(

154,700

)

(

803,382

)

Singapore

Airlines

Ltd.

(2)

(

101,400

)

(

522,889

)

STMicroelectronics

NV

(2)

(

89,563

)

(

3,047,704

)

United

Overseas

Bank

Ltd.

(2)

(

4,400

)

(

125,953

)

(15,297,545)

South

Korea

-

(

0

.1

)

%

Delivery

Hero

SE

(2)(b)

(

96,207

)

(

1,787,637

)

Spain

-

(

0

.7

)

%

Acciona

SA

(2)

(

1,879

)

(

494,106

)

Aena

SME

SA

(b)

(

23,306

)

(

687,464

)

Amadeus

IT

Group

SA

(2)

(

32,422

)

(

1,853,915

)

Cellnex

Telecom

SA

(2)(b)

(

105,102

)

(

3,379,528

)

Indra

Sistemas

SA

(2)

(

31,966

)

(

1,786,593

)

Redeia

Corp.

SA

(2)

(

40,313

)

(

683,319

)

(8,884,925)

INVESTMENTS

SHARES

VALUE

($)

Sweden

-

(

2

.6

)

%

AAK

AB

(2)

(

63,786

)

(

1,642,662

)

AddTech

AB,

Class

B

(2)

(

56,082

)

(

1,924,451

)

Assa

Abloy

AB,

Class

B

(2)

(

81,935

)

(

2,961,777

)

Atlas

Copco

AB,

Class

A

(2)

(

521,611

)

(

9,204,778

)

Axfood

AB

(

17,023

)

(

578,483

)

Beijer

Ref

AB,

Class

B

(2)

(

20,109

)

(

278,774

)

Elekta

AB,

Class

B

(2)

(

89,572

)

(

529,809

)

Embracer

Group

AB

(2)

(

45,004

)

(

231,989

)

EQT

AB

(2)

(

74,587

)

(

2,314,263

)

Evolution

AB

(2)(b)

(

14,386

)

(

904,138

)

Getinge

AB,

Class

B

(2)

(

18,631

)

(

376,101

)

Holmen

AB,

Class

B

(2)

(

5,216

)

(

187,045

)

Husqvarna

AB,

Class

B

(2)

(

45,984

)

(

182,101

)

Indutrade

AB

(2)

(

81,119

)

(

1,859,966

)

Investor

AB,

Class

B

(2)

(

33,690

)

(

1,276,000

)

Lifco

AB,

Class

B

(2)

(

72,696

)

(

2,199,229

)

Nordnet

AB

publ

(2)

(

12,430

)

(

404,774

)

Svenska

Cellulosa

AB

SCA,

Class

B

(2)

(

198,450

)

(

2,300,902

)

Swedish

Orphan

Biovitrum

AB

(2)

(

31,984

)

(

1,340,465

)

Volvo

AB,

Class

B

(2)

(

40,842

)

(

1,342,857

)

(32,040,564)

Switzerland

-

(

3

.1

)

%

Bachem

Holding

AG,

Class

B

(2)

(

7,592

)

(

626,460

)

Banque

Cantonale

Vaudoise

(Registered)

(2)

(

2,666

)

(

433,612

)

Belimo

Holding

AG

(Registered)

(2)

(

2,166

)

(

1,759,114

)

Chocoladefabriken

Lindt

&

Spruengli

AG

(2)

(

56

)

(

786,351

)

Clariant

AG

(Registered)

(2)

(

52,324

)

(

513,350

)

EMS-Chemie

Holding

AG

(Registered)

(2)

(

1,469

)

(

1,155,059

)

Galderma

Group

AG

(2)

(

2,091

)

(

410,952

)

Geberit

AG

(Registered)

(2)

(

2,920

)

(

1,971,089

)

Georg

Fischer

AG

(Registered)

(2)

(

8,651

)

(

446,298

)

Helvetia

Baloise

Holding

AG

(2)

(

9,176

)

(

2,374,843

)

Logitech

International

SA

(Registered)

(2)

(

7,660

)

(

711,342

)

Lonza

Group

AG

(Registered)

(2)

(

3,408

)

(

2,186,295

)

Partners

Group

Holding

AG

(2)

(

5,651

)

(

6,090,879

)

Sandoz

Group

AG

(2)

(

50,152

)

(

3,929,454

)

SGS

SA

(Registered)

(2)

(

1,850

)

(

194,970

)

SIG

Group

AG

(2)

(

73,407

)

(

1,100,396

)

Sika

AG

(Registered)

(2)

(

15,454

)

(

2,557,919

)

Sonova

Holding

AG

(Registered)

(2)

(

5,490

)

(

1,251,794

)

Straumann

Holding

AG

(Registered)

(2)

(

20,682

)

(

2,163,816

)

Sulzer

AG

(Registered)

(2)

(

1,278

)

(

267,927

)

Swatch

Group

AG

(The)

(2)

(

6,368

)

(

1,405,809

)

Swiss

Life

Holding

AG

(Registered)

(2)

(

4,423

)

(

4,817,592

)

Swisscom

AG

(Registered)

(2)

(

927

)

(

777,905

)

Tecan

Group

AG

(Registered)

(2)

(

1,675

)

(

285,104

)

Ypsomed

Holding

AG

(Registered)

(2)

(

99

)

(

34,706

)

(38,253,036)

218

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

(

2

.8

)

%

Associated

British

Foods

plc

(2)

(

60,274

)

(

1,508,800

)

Autotrader

Group

plc

(2)(b)

(

97,194

)

(

608,345

)

B&M

European

Value

Retail

plc

(2)

(

90,835

)

(

203,974

)

BAE

Systems

plc

(2)

(

51,192

)

(

1,500,873

)

Bellway

plc

(2)

(

8,935

)

(

219,729

)

Berkeley

Group

Holdings

plc

(2)

(

1,979

)

(

90,656

)

Bunzl

plc

(2)

(

110,292

)

(

3,320,390

)

Croda

International

plc

(2)

(

5,010

)

(

188,139

)

DCC

plc

(2)

(

3,088

)

(

191,262

)

Diageo

plc

(2)

(

414,034

)

(

7,699,880

)

Diploma

plc

(2)

(

6,569

)

(

524,482

)

Entain

plc

(2)

(

85,614

)

(

643,167

)

Informa

plc

(2)

(

21,439

)

(

215,327

)

JD

Sports

Fashion

plc

(2)

(

194,133

)

(

184,127

)

Legal

&

General

Group

plc

(2)

(

356,809

)

(

1,172,594

)

M&G

plc

(2)

(

59,065

)

(

214,550

)

Marks

&

Spencer

Group

plc

(2)

(

36,312

)

(

163,612

)

Melrose

Industries

plc

(2)

(

25,226

)

(

170,936

)

National

Grid

plc

(2)

(

213,785

)

(

3,608,711

)

Persimmon

plc

(2)

(

15,833

)

(

226,022

)

Rentokil

Initial

plc

(2)

(

73,379

)

(

455,385

)

Rightmove

plc

(2)

(

48,913

)

(

279,847

)

Rolls-Royce

Holdings

plc

(2)

(

135,777

)

(

2,062,782

)

RS

GROUP

plc

(2)

(

29,247

)

(

219,000

)

Severn

Trent

plc

(2)

(

4,893

)

(

200,680

)

Smith

&

Nephew

plc

(2)

(

14,708

)

(

233,034

)

Spirax

Group

plc

(2)

(

3,883

)

(

348,359

)

SSE

plc

(2)

(

123,429

)

(

4,266,768

)

Standard

Chartered

plc

(2)

(

29,982

)

(

624,820

)

Tate

&

Lyle

plc

(

34,500

)

(

165,304

)

Unilever

plc

(2)

(

8,973

)

(

492,612

)

Weir

Group

plc

(The)

(2)

(

31,700

)

(

1,188,836

)

Wise

plc,

Class

A

(2)

(

155,691

)

(

1,874,860

)

WPP

plc

(2)

(

59,538

)

(

186,203

)

(35,254,066)

United

States

-

(

83

.6

)

%

A

O

Smith

Corp.

(

8,216

)

(

541,763

)

AAON,

Inc.

(

24,666

)

(

2,041,112

)

Abbott

Laboratories

(

38,370

)

(

3,939,448

)

Acadia

Healthcare

Co.,

Inc.

(

37,738

)

(

882,692

)

Accenture

plc,

Class

A

(

4,091

)

(

811,204

)

Advanced

Micro

Devices,

Inc.

(

16,223

)

(

3,300,245

)

AECOM

(

19,254

)

(

1,633,124

)

AeroVironment,

Inc.

(

11,537

)

(

2,111,848

)

AES

Corp.

(The)

(

146,232

)

(

2,060,409

)

Affirm

Holdings,

Inc.,

Class

A

(

12,182

)

(

558,179

)

Aflac,

Inc.

(

54,151

)

(

5,940,906

)

Agree

Realty

Corp.,

REIT

(

15,311

)

(

1,154,143

)

Air

Lease

Corp.,

Class

A

(

11,420

)

(

741,615

)

Air

Products

and

Chemicals,

Inc.

(

10,040

)

(

2,916,520

)

Airbnb,

Inc.,

Class

A

(

5,623

)

(

710,072

)

Alaska

Air

Group,

Inc.

(

67,717

)

(

2,490,631

)

Albertsons

Cos.,

Inc.,

Class

A

(

12,520

)

(

213,341

)

Alcon

AG

(2)

(

21,948

)

(

1,659,054

)

Align

Technology,

Inc.

(

11,294

)

(

1,936,130

)

Alliant

Energy

Corp.

(

49,596

)

(

3,559,009

)

Alnylam

Pharmaceuticals,

Inc.

(

8,310

)

(

2,749,530

)

Amcor

plc

(

85,092

)

(

3,382,407

)

Amentum

Holdings,

Inc.

(

75,380

)

(

1,965,910

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(83.6)%

(continued)

American

Express

Co.

(

11,883

)

(

3,594,370

)

American

Healthcare

REIT,

Inc.,

REIT

(

117,876

)

(

5,559,032

)

Americold

Realty

Trust,

Inc.,

REIT

(

30,546

)

(

350,057

)

Aon

plc,

Class

A

(

8,665

)

(

2,796,889

)

Apellis

Pharmaceuticals,

Inc.

(

103,599

)

(

4,167,788

)

API

Group

Corp.

(

45,090

)

(

1,827,047

)

Apollo

Global

Management,

Inc.

(

6,586

)

(

733,812

)

Appfolio,

Inc.,

Class

A

(

15,352

)

(

2,422,853

)

Apple,

Inc.

(

28,422

)

(

7,213,218

)

Applied

Materials,

Inc.

(

3,791

)

(

1,295,726

)

Aptiv

plc

(

53,382

)

(

3,706,846

)

Arista

Networks,

Inc.

(

17,252

)

(

2,118,201

)

Armstrong

World

Industries,

Inc.

(

3,883

)

(

639,918

)

Arrowhead

Pharmaceuticals,

Inc.

(

49,096

)

(

3,078,319

)

Arthur

J

Gallagher

&

Co.

(

18,577

)

(

4,023,407

)

Assurant,

Inc.

(

9,022

)

(

1,965,082

)

AST

SpaceMobile,

Inc.

(

42,734

)

(

3,541,367

)

Astera

Labs,

Inc.

(

28,558

)

(

3,129,957

)

Automatic

Data

Processing,

Inc.

(

6,466

)

(

1,313,762

)

AvalonBay

Communities,

Inc.,

REIT

(

14,246

)

(

2,327,084

)

Avery

Dennison

Corp.

(

4,537

)

(

783,449

)

Avient

Corp.

(

60,789

)

(

2,206,641

)

Avis

Budget

Group,

Inc.

(

10,070

)

(

1,468,710

)

Axon

Enterprise,

Inc.

(

12,715

)

(

5,399,933

)

Baker

Hughes

Co.,

Class

A

(

51,668

)

(

3,154,331

)

Bank

OZK

(

51,569

)

(

2,366,501

)

Baxter

International,

Inc.

(

12,071

)

(

202,793

)

Becton

Dickinson

&

Co.

(

54,353

)

(

8,545,921

)

Belden,

Inc.

(

8,235

)

(

945,625

)

Bentley

Systems,

Inc.,

Class

B

(

91,543

)

(

3,214,990

)

BILL

Holdings,

Inc.

(

11,831

)

(

453,127

)

Bio-Rad

Laboratories,

Inc.,

Class

A

(

1,847

)

(

514,851

)

Bio-Techne

Corp.

(

83,972

)

(

4,388,377

)

BJ's

Wholesale

Club

Holdings,

Inc.

(

32,009

)

(

3,150,326

)

Black

Hills

Corp.

(

6,123

)

(

424,997

)

Blackbaud,

Inc.

(

3,978

)

(

153,591

)

Blackrock,

Inc.

(

1,060

)

(

1,019,413

)

Blackstone,

Inc.

(

3,000

)

(

344,970

)

Block,

Inc.,

Class

A

(

47,252

)

(

2,843,625

)

Blue

Owl

Capital,

Inc.,

Class

A

(

56,538

)

(

516,192

)

Boeing

Co.

(The)

(

14,928

)

(

2,971,120

)

Boston

Scientific

Corp.

(

31,605

)

(

1,983,214

)

Brown

&

Brown,

Inc.

(

55,181

)

(

3,598,353

)

Brown-Forman

Corp.,

Class

B

(

51,312

)

(

1,356,689

)

Builders

FirstSource,

Inc.

(

35,651

)

(

2,935,147

)

BXP,

Inc.,

REIT

(

22,651

)

(

1,175,587

)

Cabot

Corp.

(

2,160

)

(

162,670

)

Cadence

Design

Systems,

Inc.

(

4,411

)

(

1,225,685

)

Campbell's

Co.

(The)

(

154,325

)

(

3,436,818

)

Cardinal

Health,

Inc.

(

8,110

)

(

1,713,724

)

Carrier

Global

Corp.

(

51,415

)

(

2,895,179

)

Carvana

Co.,

Class

A

(

13,954

)

(

4,386,859

)

Cava

Group,

Inc.

(

29,294

)

(

2,369,885

)

Cboe

Global

Markets,

Inc.

(

799

)

(

224,575

)

CBRE

Group,

Inc.,

Class

A

(

12,683

)

(

1,718,039

)

CDW

Corp.

(

7,216

)

(

873,280

)

Celanese

Corp.,

Class

A

(

6,049

)

(

397,843

)

Celsius

Holdings,

Inc.

(

45,018

)

(

1,597,239

)

Cencora,

Inc.

(

28,638

)

(

8,996,340

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

219

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(83.6)%

(continued)

CenterPoint

Energy,

Inc.

(

114,352

)

(

4,935,432

)

CH

Robinson

Worldwide,

Inc.

(

19,862

)

(

3,298,482

)

Charles

River

Laboratories

International,

Inc.

(

4,993

)

(

861,293

)

Charles

Schwab

Corp.

(The)

(

54,137

)

(

5,087,795

)

Cheniere

Energy,

Inc.

(

3,668

)

(

1,040,832

)

Chewy,

Inc.,

Class

A

(

110,770

)

(

2,990,790

)

Chipotle

Mexican

Grill,

Inc.,

Class

A

(

45,578

)

(

1,458,952

)

Choice

Hotels

International,

Inc.

(

10,737

)

(

1,111,280

)

Ciena

Corp.

(

2,742

)

(

1,064,527

)

Cincinnati

Financial

Corp.

(

4,778

)

(

751,818

)

Cintas

Corp.

(

12,392

)

(

2,095,983

)

Cirrus

Logic,

Inc.

(

2,554

)

(

369,359

)

Cisco

Systems,

Inc.

(

76,354

)

(

5,924,307

)

Clearway

Energy,

Inc.,

Class

C

(

85,378

)

(

3,354,502

)

Cleveland-Cliffs,

Inc.

(

94,238

)

(

796,311

)

Cloudflare,

Inc.,

Class

A

(

16,549

)

(

3,414,721

)

Cognex

Corp.

(

9,862

)

(

483,139

)

Coherent

Corp.

(

11,700

)

(

2,787,057

)

Coinbase

Global,

Inc.,

Class

A

(

6,567

)

(

1,146,664

)

Commerce

Bancshares,

Inc.

(

10,978

)

(

540,118

)

Commvault

Systems,

Inc.

(

13,390

)

(

1,042,947

)

Consolidated

Edison,

Inc.

(

20,121

)

(

2,277,295

)

Constellation

Brands,

Inc.,

Class

A

(

8,541

)

(

1,281,150

)

Corcept

Therapeutics,

Inc.

(

39,697

)

(

1,600,186

)

Corebridge

Financial,

Inc.

(

8,321

)

(

198,539

)

Corning,

Inc.

(

7,122

)

(

968,378

)

CoStar

Group,

Inc.

(

72,813

)

(

2,937,276

)

Coty,

Inc.,

Class

A

(

72,349

)

(

145,421

)

Crane

NXT

Co.

(

46,660

)

(

1,893,929

)

Credit

Acceptance

Corp.

(

1,791

)

(

758,417

)

CRH

plc

(

35,926

)

(

3,776,541

)

Crocs,

Inc.

(

2,983

)

(

247,649

)

Crowdstrike

Holdings,

Inc.,

Class

A

(

7,597

)

(

2,965,945

)

Crown

Castle,

Inc.,

REIT

(

26,387

)

(

2,145,527

)

Cullen/Frost

Bankers,

Inc.

(

14,117

)

(

1,935,158

)

CVS

Health

Corp.

(

30,585

)

(

2,196,615

)

Cytokinetics,

Inc.

(

68,812

)

(

4,535,399

)

Datadog,

Inc.,

Class

A

(

9,514

)

(

1,123,128

)

Deere

&

Co.

(

9,743

)

(

5,488,232

)

Devon

Energy

Corp.

(

32,159

)

(

1,618,241

)

Dick's

Sporting

Goods,

Inc.

(

5,076

)

(

1,006,520

)

Digital

Realty

Trust,

Inc.,

REIT

(

42,659

)

(

7,687,577

)

Dolby

Laboratories,

Inc.,

Class

A

(

11,745

)

(

705,405

)

Dominion

Energy,

Inc.

(

57,356

)

(

3,545,748

)

DoorDash,

Inc.,

Class

A

(

33,694

)

(

5,059,154

)

Dropbox,

Inc.,

Class

A

(

38,446

)

(

873,493

)

DT

Midstream,

Inc.

(

24,718

)

(

3,328,773

)

Duke

Energy

Corp.

(

55,536

)

(

7,271,883

)

DuPont

de

Nemours,

Inc.

(

97,212

)

(

4,452,310

)

Dutch

Bros,

Inc.,

Class

A

(

53,116

)

(

2,690,857

)

Dycom

Industries,

Inc.

(

6,353

)

(

2,152,523

)

Eastman

Chemical

Co.

(

14,029

)

(

1,070,693

)

EchoStar

Corp.,

Class

A

(

21,910

)

(

2,565,004

)

Ecolab,

Inc.

(

2,805

)

(

746,186

)

Elanco

Animal

Health,

Inc.

(

117,506

)

(

2,811,919

)

Elevance

Health,

Inc.

(

20,385

)

(

5,967,709

)

Emerson

Electric

Co.

(

23,009

)

(

3,014,639

)

Enphase

Energy,

Inc.

(

59,962

)

(

2,267,163

)

Entegris,

Inc.

(

3,278

)

(

384,313

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(83.6)%

(continued)

Entergy

Corp.

(

28,650

)

(

3,219,114

)

EPAM

Systems,

Inc.

(

6,784

)

(

918,554

)

Equifax,

Inc.

(

2,986

)

(

537,689

)

Equity

LifeStyle

Properties,

Inc.,

REIT

(

17,901

)

(

1,117,380

)

Equity

Residential,

REIT

(

57,730

)

(

3,414,730

)

Erie

Indemnity

Co.,

Class

A

(

5,472

)

(

1,375,168

)

Esab

Corp.

(

14,824

)

(

1,432,888

)

Evergy,

Inc.

(

58,542

)

(

4,795,761

)

Everpure,

Inc.,

Class

A

(

31,293

)

(

1,847,539

)

Exelon

Corp.

(

36,939

)

(

1,810,750

)

Expand

Energy

Corp.

(

15,214

)

(

1,670,193

)

Expeditors

International

of

Washington,

Inc.

(

23,739

)

(

3,400,137

)

Exponent,

Inc.

(

6,884

)

(

449,181

)

Extra

Space

Storage,

Inc.,

REIT

(

20,972

)

(

2,750,058

)

F5,

Inc.

(

15,018

)

(

4,345,158

)

FactSet

Research

Systems,

Inc.

(

6,821

)

(

1,480,089

)

Fastenal

Co.

(

69,505

)

(

3,225,032

)

Ferguson

Enterprises,

Inc.

(

4,434

)

(

1,034,275

)

Ferrovial

SE

(2)

(

37,840

)

(

2,461,736

)

Fifth

Third

Bancorp

(

118,102

)

(

5,487,019

)

First

Citizens

BancShares,

Inc.,

Class

A

(

1,566

)

(

2,951,378

)

First

Financial

Bankshares,

Inc.

(

16,416

)

(

483,451

)

FirstEnergy

Corp.

(

20,404

)

(

1,033,667

)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(

38,386

)

(

1,950,009

)

Fluor

Corp.

(

25,890

)

(

1,207,769

)

Flutter

Entertainment

plc

(

29,128

)

(

2,969,600

)

FMC

Corp.

(

49,589

)

(

853,923

)

FNB

Corp.

(

42,445

)

(

709,680

)

Ford

Motor

Co.

(

165,424

)

(

1,908,993

)

Fortive

Corp.

(

16,735

)

(

925,111

)

Fortune

Brands

Innovations,

Inc.

(

35,196

)

(

1,371,588

)

Fox

Corp.,

Class

A

(

23,353

)

(

1,363,815

)

Franklin

Resources,

Inc.

(

32,375

)

(

764,698

)

Freshpet,

Inc.

(

37,179

)

(

2,192,074

)

GATX

Corp.

(

5,204

)

(

888,531

)

GE

Aerospace

(

6,623

)

(

1,879,409

)

GE

HealthCare

Technologies,

Inc.

(

30,232

)

(

2,151,914

)

GE

Vernova,

Inc.

(

1,532

)

(

1,337,283

)

Gen

Digital,

Inc.

(

47,977

)

(

903,407

)

Generac

Holdings,

Inc.

(

13,653

)

(

2,666,840

)

Gentex

Corp.

(

58,208

)

(

1,271,845

)

GFL

Environmental,

Inc.

(

5,508

)

(

229,767

)

Gilead

Sciences,

Inc.

(

22,179

)

(

3,091,087

)

Glacier

Bancorp,

Inc.

(

62,611

)

(

2,796,833

)

Globant

SA

(

13,362

)

(

616,122

)

Graphic

Packaging

Holding

Co.

(

132,556

)

(

1,317,607

)

Guidewire

Software,

Inc.

(

5,749

)

(

859,820

)

GXO

Logistics,

Inc.

(

3,427

)

(

177,690

)

H&R

Block,

Inc.

(

5,667

)

(

179,871

)

Haleon

plc

(2)

(

580,701

)

(

2,873,886

)

Hamilton

Lane,

Inc.,

Class

A

(

22,748

)

(

2,261,151

)

Hancock

Whitney

Corp.

(

34,009

)

(

2,162,632

)

Harley-Davidson,

Inc.

(

55,311

)

(

1,118,388

)

Healthcare

Realty

Trust,

Inc.,

REIT

(

87,720

)

(

1,490,363

)

HealthEquity,

Inc.

(

2,476

)

(

206,919

)

Healthpeak

Properties,

Inc.,

REIT

(

167,649

)

(

2,754,473

)

220

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(83.6)%

(continued)

HEICO

Corp.

(

17,271

)

(

4,735,708

)

Henry

Schein,

Inc.

(

11,278

)

(

831,189

)

Hershey

Co.

(The)

(

3,718

)

(

772,935

)

Hexcel

Corp.

(

9,493

)

(

768,268

)

HF

Sinclair

Corp.

(

5,801

)

(

361,924

)

Highwoods

Properties,

Inc.,

REIT

(

27,238

)

(

583,166

)

Hilton

Worldwide

Holdings,

Inc.

(

12,014

)

(

3,653,217

)

Hims

&

Hers

Health,

Inc.

(

65,240

)

(

1,354,382

)

Holcim

AG

(2)

(

6,899

)

(

570,285

)

Home

BancShares,

Inc.

(

27,569

)

(

742,433

)

Home

Depot,

Inc.

(The)

(

19,720

)

(

6,485,711

)

Hormel

Foods

Corp.

(

169,950

)

(

3,849,368

)

Host

Hotels

&

Resorts,

Inc.,

REIT

(

49,492

)

(

948,267

)

Houlihan

Lokey,

Inc.,

Class

A

(

2,294

)

(

329,464

)

Howmet

Aerospace,

Inc.

(

10,864

)

(

2,503,717

)

HP,

Inc.

(

173,309

)

(

3,329,266

)

Hubbell,

Inc.,

Class

B

(

5,050

)

(

2,478,237

)

HubSpot,

Inc.

(

13,026

)

(

3,179,647

)

Humana,

Inc.

(

34,248

)

(

5,938,261

)

Huntington

Bancshares,

Inc.

(

190,028

)

(

2,973,938

)

Hyatt

Hotels

Corp.,

Class

A

(

22,178

)

(

3,188,975

)

IDEX

Corp.

(

9,970

)

(

1,889,814

)

IDEXX

Laboratories,

Inc.

(

5,918

)

(

3,325,265

)

Independence

Realty

Trust,

Inc.,

REIT

(

66,695

)

(

993,089

)

Ingersoll

Rand,

Inc.

(

15,586

)

(

1,248,750

)

Insmed,

Inc.

(

18,667

)

(

3,052,428

)

Inspire

Medical

Systems,

Inc.

(

19,460

)

(

1,003,747

)

Intercontinental

Exchange,

Inc.

(

18,134

)

(

2,852,116

)

International

Bancshares

Corp.

(

5,768

)

(

388,129

)

International

Flavors

&

Fragrances,

Inc.

(

29,741

)

(

2,157,710

)

International

Paper

Co.

(

23,382

)

(

834,737

)

Intuit,

Inc.

(

11,187

)

(

4,837,035

)

Intuitive

Surgical,

Inc.

(

5,191

)

(

2,392,999

)

Ionis

Pharmaceuticals,

Inc.

(

122,993

)

(

9,235,543

)

IonQ,

Inc.

(

38,866

)

(

1,120,507

)

IPG

Photonics

Corp.

(

3,227

)

(

369,782

)

J

M

Smucker

Co.

(The)

(

7,788

)

(

751,075

)

Jabil,

Inc.

(

853

)

(

226,582

)

Jack

Henry

&

Associates,

Inc.

(

14,751

)

(

2,331,248

)

James

Hardie

Industries

plc,

ADR

(

125,797

)

(

2,382,595

)

Johnson

&

Johnson

(

25,943

)

(

6,341,507

)

Kemper

Corp.

(

12,294

)

(

375,705

)

Keurig

Dr

Pepper,

Inc.

(

229,672

)

(

6,047,264

)

Keysight

Technologies,

Inc.

(

2,880

)

(

813,226

)

Kilroy

Realty

Corp.,

REIT

(

30,796

)

(

868,755

)

Kimberly-Clark

Corp.

(

5,424

)

(

523,253

)

Kimco

Realty

Corp.,

REIT

(

73,165

)

(

1,644,018

)

Kinsale

Capital

Group,

Inc.

(

7,206

)

(

2,462,002

)

Kite

Realty

Group

Trust,

REIT

(

26,954

)

(

661,721

)

KLA

Corp.

(

939

)

(

1,382,593

)

Knife

River

Corp.

(

16,684

)

(

1,362,249

)

Kraft

Heinz

Co.

(The)

(

165,404

)

(

3,719,936

)

Lamb

Weston

Holdings,

Inc.

(

17,400

)

(

735,324

)

Lattice

Semiconductor

Corp.

(

18,176

)

(

1,686,006

)

Liberty

Media

Corp-Liberty

Formula

One,

Class

A

(

18,289

)

(

1,428,005

)

Lincoln

National

Corp.

(

56,245

)

(

1,996,698

)

Lithia

Motors,

Inc.,

Class

A

(

4,682

)

(

1,169,189

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(83.6)%

(continued)

Littelfuse,

Inc.

(

4,666

)

(

1,583,407

)

Live

Nation

Entertainment,

Inc.

(

4,239

)

(

646,490

)

Loar

Holdings,

Inc.

(

50,473

)

(

2,891,598

)

Loews

Corp.

(

10,440

)

(

1,114,366

)

LPL

Financial

Holdings,

Inc.

(

12,910

)

(

3,883,715

)

Lululemon

Athletica,

Inc.

(

9,130

)

(

1,397,803

)

Lumentum

Holdings,

Inc.

(

5,832

)

(

4,098,496

)

Lyft,

Inc.,

Class

A

(

118,773

)

(

1,579,681

)

M&T

Bank

Corp.

(

16,152

)

(

3,338,941

)

MACOM

Technology

Solutions

Holdings,

Inc.

(

9,041

)

(

2,007,735

)

Manhattan

Associates,

Inc.

(

10,544

)

(

1,403,617

)

Maplebear,

Inc.

(

4,743

)

(

177,673

)

Markel

Group,

Inc.

(

1,730

)

(

3,311,341

)

Marriott

International,

Inc.,

Class

A

(

1,389

)

(

454,300

)

Marsh

&

McLennan

Cos.,

Inc.

(

4,934

)

(

855,802

)

Martin

Marietta

Materials,

Inc.

(

1,927

)

(

1,134,386

)

Marvell

Technology,

Inc.

(

10,712

)

(

1,061,024

)

MasTec,

Inc.

(

1,219

)

(

392,201

)

Mastercard,

Inc.,

Class

A

(

8,895

)

(

4,444,476

)

Match

Group,

Inc.

(

59,973

)

(

1,841,771

)

McCormick

&

Co.,

Inc.

(Non-Voting)

(

24,676

)

(

1,244,657

)

MDU

Resources

Group,

Inc.

(

52,700

)

(

1,091,944

)

Medtronic

plc

(

64,135

)

(

5,557,298

)

Mettler-Toledo

International,

Inc.

(

914

)

(

1,152,737

)

Microchip

Technology,

Inc.

(

4,998

)

(

322,921

)

Middleby

Corp.

(The)

(

5,478

)

(

726,273

)

Millrose

Properties,

Inc.,

Class

A,

REIT

(

12,714

)

(

355,992

)

Moderna,

Inc.

(

28,048

)

(

1,424,838

)

Mondelez

International,

Inc.,

Class

A

(

192,954

)

(

11,121,868

)

MongoDB,

Inc.,

Class

A

(

15,297

)

(

3,744,247

)

Monolithic

Power

Systems,

Inc.

(

4,146

)

(

4,533,029

)

Monster

Beverage

Corp.

(

54,466

)

(

3,946,606

)

Moody's

Corp.

(

5,773

)

(

2,518,471

)

Motorola

Solutions,

Inc.

(

1,951

)

(

846,675

)

MP

Materials

Corp.

(

67,709

)

(

3,267,636

)

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

(

18,219

)

(

1,681,067

)

MSCI,

Inc.,

Class

A

(

2,166

)

(

1,167,496

)

Murphy

Oil

Corp.

(

7,230

)

(

298,238

)

Nasdaq,

Inc.

(

25,640

)

(

2,176,580

)

Natera,

Inc.

(

20,983

)

(

4,196,390

)

National

Storage

Affiliates

Trust,

REIT

(

87,373

)

(

3,297,457

)

Nestle

SA

(Registered)

(2)

(

31,121

)

(

3,052,692

)

NetApp,

Inc.

(

55,274

)

(

5,659,505

)

Nexstar

Media

Group,

Inc.,

Class

A

(

3,414

)

(

617,354

)

NextEra

Energy,

Inc.

(

80,063

)

(

7,436,250

)

Nextpower,

Inc.,

Class

A

(

17,785

)

(

2,143,982

)

NIKE,

Inc.,

Class

B

(

95,631

)

(

5,051,229

)

NiSource,

Inc.

(

14,737

)

(

687,628

)

Novanta,

Inc.

(

12,273

)

(

1,449,564

)

NRG

Energy,

Inc.

(

3,010

)

(

439,881

)

Nucor

Corp.

(

15,459

)

(

2,614,117

)

Oklo,

Inc.

(

89,334

)

(

4,430,073

)

Old

Dominion

Freight

Line,

Inc.

(

1,171

)

(

228,813

)

Old

National

Bancorp

(

103,430

)

(

2,285,803

)

Ollie's

Bargain

Outlet

Holdings,

Inc.

(

11,261

)

(

1,036,462

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

221

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(83.6)%

(continued)

ON

Semiconductor

Corp.

(

12,338

)

(

763,969

)

ONEOK,

Inc.

(

92,878

)

(

8,395,241

)

Option

Care

Health,

Inc.

(

66,254

)

(

1,783,558

)

O'Reilly

Automotive,

Inc.

(

2,327

)

(

214,805

)

Ormat

Technologies,

Inc.

(

49,499

)

(

5,539,928

)

Otis

Worldwide

Corp.

(

38,422

)

(

2,961,568

)

Palo

Alto

Networks,

Inc.

(

44,065

)

(

7,064,501

)

Parker-Hannifin

Corp.

(

3,065

)

(

2,743,911

)

Parsons

Corp.

(

16,912

)

(

916,123

)

Paychex,

Inc.

(

22,196

)

(

2,044,696

)

Paycom

Software,

Inc.

(

13,275

)

(

1,613,444

)

PBF

Energy,

Inc.,

Class

A

(

14,576

)

(

694,109

)

Performance

Food

Group

Co.

(

29,397

)

(

2,518,147

)

Perrigo

Co.

plc

(

57,072

)

(

612,953

)

Pinterest,

Inc.,

Class

A

(

130,255

)

(

2,388,877

)

Planet

Fitness,

Inc.,

Class

A

(

59,535

)

(

4,428,213

)

Plug

Power,

Inc.

(

7,502

)

(

16,955

)

Pool

Corp.

(

3,579

)

(

724,139

)

Post

Holdings,

Inc.

(

5,597

)

(

553,319

)

PPG

Industries,

Inc.

(

40,468

)

(

4,325,220

)

PPL

Corp.

(

29,697

)

(

1,134,425

)

Procore

Technologies,

Inc.

(

7,847

)

(

447,279

)

Progressive

Corp.

(The)

(

18,093

)

(

3,586,756

)

Prologis,

Inc.,

REIT

(

29,875

)

(

3,948,878

)

PTC,

Inc.

(

3,225

)

(

459,530

)

Public

Storage,

REIT

(

21,362

)

(

5,786,539

)

PulteGroup,

Inc.

(

6,603

)

(

776,579

)

PVH

Corp.

(

8,843

)

(

616,888

)

QIAGEN

NV

(2)

(

45,062

)

(

1,825,450

)

Qnity

Electronics,

Inc.

(

19,499

)

(

2,249,795

)

QUALCOMM,

Inc.

(

3,257

)

(

419,436

)

Qualys,

Inc.

(

10,711

)

(

940,961

)

Quanta

Services,

Inc.

(

859

)

(

471,608

)

QuantumScape

Corp.

(

306,573

)

(

1,955,936

)

Quest

Diagnostics,

Inc.

(

13,751

)

(

2,694,921

)

QXO,

Inc.

(

306,884

)

(

5,959,687

)

Ralliant

Corp.

(

10,565

)

(

439,398

)

Range

Resources

Corp.

(

25,813

)

(

1,166,231

)

Raymond

James

Financial,

Inc.

(

2,681

)

(

388,182

)

Rayonier,

Inc.,

REIT

(

158,240

)

(

3,262,909

)

Realty

Income

Corp.,

REIT

(

17,864

)

(

1,092,920

)

Reddit,

Inc.,

Class

A

(

19,693

)

(

2,651,662

)

Regal

Rexnord

Corp.

(

7,605

)

(

1,424,112

)

Regency

Centers

Corp.,

REIT

(

6,231

)

(

471,437

)

Regions

Financial

Corp.

(

58,014

)

(

1,515,326

)

Repligen

Corp.

(

24,470

)

(

2,883,055

)

Revolution

Medicines,

Inc.

(

19,434

)

(

1,889,957

)

Revvity,

Inc.

(

6,962

)

(

609,941

)

Rexford

Industrial

Realty,

Inc.,

REIT

(

23,736

)

(

776,879

)

RLI

Corp.

(

44,676

)

(

2,548,319

)

Robert

Half,

Inc.

(

68,743

)

(

1,746,072

)

Robinhood

Markets,

Inc.,

Class

A

(

41,544

)

(

2,878,999

)

Rocket

Cos.,

Inc.,

Class

A

(

124,623

)

(

1,775,878

)

Rocket

Lab

Corp.

(

29,334

)

(

1,883,829

)

Rockwell

Automation,

Inc.

(

5,127

)

(

1,839,978

)

Rollins,

Inc.

(

41,214

)

(

2,201,240

)

Royalty

Pharma

plc,

Class

A

(

28,508

)

(

1,367,529

)

Rubrik,

Inc.,

Class

A

(

46,920

)

(

2,297,672

)

Ryan

Specialty

Holdings,

Inc.,

Class

A

(

153,258

)

(

5,170,925

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(83.6)%

(continued)

S&P

Global,

Inc.

(

3,440

)

(

1,463,170

)

Samsara,

Inc.,

Class

A

(

110,731

)

(

3,509,065

)

Sanofi

SA

(2)

(

11,038

)

(

1,065,938

)

Schneider

Electric

SE

(2)

(

20,525

)

(

5,590,632

)

SEI

Investments

Co.

(

19,198

)

(

1,506,467

)

Sempra

(

11,378

)

(

1,105,600

)

Sensata

Technologies

Holding

plc

(

5,481

)

(

193,041

)

ServiceNow,

Inc.

(

23,806

)

(

2,488,917

)

SharkNinja,

Inc.

(

22,173

)

(

2,348,121

)

Sherwin-Williams

Co.

(The)

(

15,645

)

(

5,015,005

)

Shift4

Payments,

Inc.,

Class

A

(

19,620

)

(

857,983

)

Silgan

Holdings,

Inc.

(

13,246

)

(

513,945

)

Skyworks

Solutions,

Inc.

(

16,629

)

(

890,483

)

SLB

Ltd.

(

206,866

)

(

10,630,843

)

SLM

Corp.

(

34,025

)

(

728,475

)

Snowflake,

Inc.,

Class

A

(

13,610

)

(

2,052,660

)

SoFi

Technologies,

Inc.

(

56,723

)

(

900,761

)

Somnigroup

International,

Inc.

(

42,781

)

(

3,162,372

)

Southern

Co.

(The)

(

18,556

)

(

1,791,025

)

Southwest

Airlines

Co.

(

25,431

)

(

955,443

)

SPX

Technologies,

Inc.

(

4,582

)

(

916,125

)

STAG

Industrial,

Inc.,

REIT

(

34,191

)

(

1,232,927

)

StandardAero,

Inc.

(

43,468

)

(

1,122,778

)

Stanley

Black

&

Decker,

Inc.

(

2,642

)

(

187,741

)

Starbucks

Corp.

(

6,268

)

(

561,550

)

Steel

Dynamics,

Inc.

(

24,704

)

(

4,446,720

)

Stellantis

NV

(2)

(

93,354

)

(

674,724

)

Summit

Therapeutics,

Inc.

(

122,210

)

(

2,317,102

)

Sunbelt

Rentals

Holdings,

Inc.

(2)

(

9,035

)

(

576,355

)

Super

Micro

Computer,

Inc.

(

15,705

)

(

357,603

)

Swiss

Re

AG

(2)

(

23,414

)

(

3,933,019

)

T.

Rowe

Price

Group,

Inc.

(

17,642

)

(

1,590,250

)

Talen

Energy

Corp.

(

8,623

)

(

2,752,720

)

Targa

Resources

Corp.

(

6,499

)

(

1,629,494

)

Teledyne

Technologies,

Inc.

(

4,057

)

(

2,454,526

)

Teleflex,

Inc.

(

8,213

)

(

982,357

)

Tempus

AI,

Inc.,

Class

A

(

31,441

)

(

1,421,762

)

Tenaris

SA

(2)

(

105,930

)

(

3,096,579

)

Terex

Corp.

(

31,312

)

(

1,850,539

)

Tesla,

Inc.

(

15,344

)

(

5,704,132

)

Tetra

Tech,

Inc.

(

99,098

)

(

2,984,832

)

Texas

Instruments,

Inc.

(

7,444

)

(

1,445,178

)

TFS

Financial

Corp.

(

37,480

)

(

526,594

)

Thermo

Fisher

Scientific,

Inc.

(

6,298

)

(

3,095,656

)

Thor

Industries,

Inc.

(

18,967

)

(

1,515,274

)

Toast,

Inc.,

Class

A

(

182,423

)

(

4,836,034

)

TopBuild

Corp.

(

5,757

)

(

2,022,434

)

TPG,

Inc.

(

53,523

)

(

2,168,217

)

Tractor

Supply

Co.

(

35,763

)

(

1,620,064

)

TransDigm

Group,

Inc.

(

3,849

)

(

4,460,837

)

Twilio,

Inc.,

Class

A

(

19,326

)

(

2,431,597

)

Tyler

Technologies,

Inc.

(

4,533

)

(

1,552,009

)

Uber

Technologies,

Inc.

(

38,435

)

(

2,764,630

)

UDR,

Inc.,

REIT

(

103,175

)

(

3,485,252

)

UGI

Corp.

(

45,774

)

(

1,667,089

)

U-Haul

Holding

Co.

(

11,046

)

(

493,425

)

UiPath,

Inc.,

Class

A

(

61,065

)

(

677,822

)

UL

Solutions,

Inc.,

Class

A

(

22,704

)

(

1,945,960

)

Ulta

Beauty,

Inc.

(

4,711

)

(

2,462,487

)

UMB

Financial

Corp.

(

16,466

)

(

1,857,200

)

222

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(83.6)%

(continued)

United

Rentals,

Inc.

(

1,500

)

(

1,092,840

)

UnitedHealth

Group,

Inc.

(

20,162

)

(

5,455,636

)

US

Foods

Holding

Corp.

(

35,302

)

(

3,255,197

)

Valvoline,

Inc.

(

130,633

)

(

4,399,719

)

Ventas,

Inc.,

REIT

(

14,116

)

(

1,154,406

)

Verisk

Analytics,

Inc.,

Class

A

(

1,555

)

(

295,061

)

Vertex

Pharmaceuticals,

Inc.

(

7,869

)

(

3,513,823

)

Viking

Therapeutics,

Inc.

(

13,315

)

(

433,270

)

Visa,

Inc.,

Class

A

(

13,824

)

(

4,178,166

)

Visteon

Corp.

(

12,354

)

(

1,125,573

)

Vistra

Corp.

(

11,904

)

(

1,789,528

)

Vontier

Corp.

(

35,162

)

(

1,247,196

)

Voya

Financial,

Inc.

(

21,428

)

(

1,463,961

)

Vulcan

Materials

Co.

(

15,911

)

(

4,332,565

)

W

R

Berkley

Corp.

(

27,789

)

(

1,841,855

)

Walmart,

Inc.

(

52,930

)

(

6,578,140

)

Walt

Disney

Co.

(The)

(

23,212

)

(

2,237,173

)

Waste

Management,

Inc.

(

13,662

)

(

3,139,391

)

Waters

Corp.

(

6,106

)

(

1,818,367

)

Watsco,

Inc.

(

5,017

)

(

1,825,134

)

Wayfair,

Inc.,

Class

A

(

37,585

)

(

2,826,768

)

Weatherford

International

plc

(

2,398

)

(

226,803

)

WEC

Energy

Group,

Inc.

(

3,240

)

(

375,095

)

Welltower,

Inc.,

REIT

(

33,267

)

(

6,577,219

)

Western

Alliance

Bancorp

(

3,115

)

(

220,698

)

Weyerhaeuser

Co.,

REIT

(

28,986

)

(

708,128

)

White

Mountains

Insurance

Group

Ltd.

(

287

)

(

630,528

)

Williams

Cos.,

Inc.

(The)

(

51,892

)

(

3,776,700

)

Willis

Towers

Watson

plc

(

16,572

)

(

4,817,480

)

WillScot

Holdings

Corp.

(

238,239

)

(

4,135,829

)

Wingstop,

Inc.

(

11,657

)

(

1,806,485

)

Workday,

Inc.,

Class

A

(

28,117

)

(

3,652,961

)

Wyndham

Hotels

&

Resorts,

Inc.

(

18,684

)

(

1,517,701

)

Xcel

Energy,

Inc.

(

64,259

)

(

5,104,735

)

Xylem,

Inc.

(

28,646

)

(

3,423,197

)

Yum!

Brands,

Inc.

(

36,361

)

(

5,653,408

)

Zebra

Technologies

Corp.,

Class

A

(

8,406

)

(

1,757,526

)

Zillow

Group,

Inc.,

Class

C

(

65,563

)

(

2,712,997

)

Zimmer

Biomet

Holdings,

Inc.

(

5,708

)

(

516,117

)

Zoetis,

Inc.,

Class

A

(

18,808

)

(

2,223,294

)

Zscaler,

Inc.

(

19,777

)

(

2,774,515

)

(1,044,846,960)

Zambia

-

(

0

.0

)

%

†

First

Quantum

Minerals

Ltd.

(

25,161

)

(

601,578

)

TOTAL

COMMON

STOCKS

(Proceeds

$(1,852,779,784))                                                    

(1,682,082,779)

PREFERRED

STOCKS

-

(0.5)%

Germany

-

(

0

.5

)

%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(b)

(

68,411

)

(

3,116,417

)

Sartorius

AG

(Preference)

(2)

(

11,345

)

(

2,838,709

)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(6,899,243))                                                    

(5,955,126)

INVESTMENTS

NO.

OF

RIGHTS

VALUE

($)

RIGHTS

-

0.0%

United

States

-

0

.0

%

Walgreens

Boots

Alliance,

Inc.,

CVR

(3)

(Proceeds

$–)

(

7,453

)

–

TOTAL

SHORT

POSITIONS

(Proceeds

$(1,859,679,027))

(1,688,037,905)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

61.0%

(Cost

$437,413,661)

763,263,057

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

39.0%

‡

488,594,858

NET

ASSETS

-

100.0%

1,251,857,915

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(

170,699

)

      (0.0)

%

†

Consumer

Discretionary

28,919,217

2

.4

Consumer

Staples

(

22,563,684

)

(

1

.8

)

Energy

8,466,354

0

.7

Financials

35,860,660

2

.9

Health

Care

(

82,773,769

)

(

6

.7

)

Industrials

61,166,343

4

.8

Information

Technology

(

43,114,913

)

(

3

.4

)

Materials

22,065,916

1

.7

Purchased

Options

5,523,262

0

.4

Real

Estate

(

39,864,264

)

(

3

.2

)

Utilities

(

25,970,576

)

(

2

.1

)

Investment

Companies

266,308,840

21

.3

U.S.

Treasury

Obligations

549,410,370

43

.9

Total

Investments

In

Securities

At

Value

763,263,057

61

.0

Other

Assets

in

Excess

of

Liabilities

‡

488,594,858

39

.0

Net

Assets

$

1,251,857,915

100

.0

%

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

223

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange,

futures,

swap

and

written

option

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$1,605,518,732,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

In

addition,

$425,907,028

of

cash

collateral

was

also

pledged.

(b)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$10,226,947

of

investments

in

securities

and

$(23,591,587)

of

securities

sold

short,

which

represents

0.82%

and

(1.88)%

of

net

assets

of

the

Fund,

respectively.

(c)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$255,109,991.

(d)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(e)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(f)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(g)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

(h)

Security

exempt

from

registration

pursuant

to

Regulation

S

under

the

Securities

Act

of

1933.

Regulation

S

applies

to

securities

offerings

that

are

made

outside

of

the

United

States

and

do

not

involve

direct

selling

efforts

in

the

United

States.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$(464,971)

of

securities

sold

short,

which

represents

(0.04)%

of

net

assets

of

the

Fund.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

(3)

Security

fair

valued

using

significant

unobservable

inputs

(Level

3)

in

accordance

with

procedures

approved

by

the

Board

of

Trustees.

Written

put

option

contracts

(premium-style)

outstanding

as

of

March

31,

2026:

Over-the-Counter

D

ESCRIPTION

COUNTERPARTY

NUMBER

OF

CONTRACTS

NOTIONAL

AMOUNT

EXERCISE

PRICE

EXPIRATION

DATE

PREMIUM

PAID

(RECEIVED)

VALUE

S&P

500

Index

JPMC

114

USD

(

74,425,128

)

USD

5,600

6/18/2026

$

(

743,980

)

$

(

624,776

)

$

(

743,980

)

$

(

624,776

)

224

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Credit

default

swap

contracts

outstanding

-

buy

protection

as

of

March

31,

2026:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

PAID

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Main

Index

Series

45.V1

1

.00

%

Quarterly

6/20/2031

0

.71

%

EUR

1,444,000

$

(

21,626

)

$

(

1,768

)

$

(

23,394

)

iTraxx

Europe

Main

Index

Series

45.V1

1

.00

Quarterly

6/20/2031

0

.71

EUR

1,444,000

(

21,627

)

(

1,768

)

(

23,395

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

1,669,000

(

70,681

)

(

8,443

)

(

79,124

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

1,669,000

(

70,681

)

(

8,443

)

(

79,124

)

$

(

184,615

)

$

(

20,422

)

$

(

205,037

)

Credit

default

swap

contracts

outstanding

-

sell

protection

as

of

March

31,

2026

:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

RECEIVED

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

%

Quarterly

6/20/2031

3

.53

%

EUR

3,461,000

$

264,862

$

(

6,811

)

$

258,051

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

Quarterly

6/20/2031

3

.53

EUR

3,461,000

264,861

(

6,811

)

258,050

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

Quarterly

6/20/2031

0

.63

USD

5,230,000

87,350

4,668

92,018

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

Quarterly

6/20/2031

0

.63

USD

5,230,000

87,350

4,668

92,018

704,423

(

4,286

)

700,137

Markit

CDX

North

America

Emerging

Markets

Index

Series

45.V1

1

.00

%

Quarterly

6/20/2031

1

.94

%

USD

2,764,000

$

(

111,699

)

$

(

3,922

)

$

(

115,621

)

Markit

CDX

North

America

Emerging

Markets

Index

Series

45.V1

1

.00

Quarterly

6/20/2031

1

.94

USD

2,764,000

(

111,699

)

(

3,922

)

(

115,621

)

(

223,398

)

(

7,844

)

(

231,242

)

$

481,025

$

(

12,130

)

$

468,895

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2026:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

9,400,000

$

127,335

$

138

$

127,473

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

9,400,000

127,503

–

127,503

Pay

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

11,500,000

92,609

4,765

97,374

Pay

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

11,600,000

93,415

4,576

97,991

Pay

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

9,800,000

5,605

10,554

16,159

Pay

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

9,800,000

6,639

9,472

16,111

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

56,600,000

363

156

519

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

56,600,000

363

156

519

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

225

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

7,500,000

$

2,281

$

3,418

$

5,699

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

7,500,000

2,281

3,427

5,708

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

4,200,000

1,703

521

2,224

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

4,200,000

1,703

521

2,224

Pay

3M

STIBOR

Qtrly

3.00%

Annual

6/21/2028

SEK

334,000,000

161,353

–

161,353

Pay

3M

STIBOR

Qtrly

3.00%

Annual

6/21/2028

SEK

334,000,000

161,353

–

161,353

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

38,000,000

27,501

67,394

94,895

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

38,000,000

26,990

68,044

95,034

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/21/2028

EUR

7,200,000

12,707

4,298

17,005

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/21/2028

EUR

7,200,000

12,707

4,298

17,005

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

32,700,000

(

38,505

)

98,052

59,547

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

33,100,000

(

39,282

)

99,556

60,274

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

500,000

(

1,887

)

3,613

1,726

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

700,000

(

1,662

)

3,981

2,319

Pay

6M

NIBOR

Semi

4.50%

Annual

6/18/2036

NOK

17,500,000

8,330

236

8,566

Pay

6M

NIBOR

Semi

4.50%

Annual

6/18/2036

NOK

17,500,000

8,360

206

8,566

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

5,795,000,000

8,777

(

5,155

)

3,622

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

5,795,000,000

8,777

(

5,155

)

3,622

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

2,635,800,000

30,586

(

12,590

)

17,996

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

2,635,800,000

30,586

(

12,590

)

17,996

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

61,300,000

72,850

187,466

260,316

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

61,200,000

73,256

186,636

259,892

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

93,400,000

446,829

40,586

487,415

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

92,600,000

439,224

44,016

483,240

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

6,713,700,000

3,969

2,899

6,868

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

4,620,800,000

6,185

20,264

26,449

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

6,713,700,000

3,969

2,899

6,868

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

4,620,800,000

6,185

20,264

26,449

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

9,445,600,000

5,301

3,343

8,644

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

9,445,600,000

5,301

3,343

8,644

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

1,122,000,000

(

29,316

)

67,597

38,281

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

1,122,000,000

(

29,316

)

67,597

38,281

Receive

1D

MIBOR

Semi

6.50%

Semi

6/17/2031

INR

42,700,000

(

591

)

6,941

6,350

Receive

1D

MIBOR

Semi

6.50%

Semi

6/17/2031

INR

42,700,000

(

591

)

6,941

6,350

Receive

1D

MIBOR

Semi

6.50%

Semi

9/16/2031

INR

268,900,000

6,519

41,288

47,807

Receive

1D

MIBOR

Semi

6.50%

Semi

9/16/2031

INR

268,900,000

6,519

41,288

47,807

Receive

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

61,500,000

478,144

(

120,851

)

357,293

Receive

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

61,500,000

479,259

(

122,001

)

357,258

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2036

CHF

3,900,000

37,764

7,203

44,967

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2036

CHF

3,800,000

36,795

6,854

43,649

Receive

1D

SHIRON

Annual

3.50%

Annual

9/20/2028

ILS

4,300,000

6,840

675

7,515

Receive

1D

SHIRON

Annual

3.50%

Annual

9/20/2028

ILS

4,400,000

5,822

1,936

7,758

Receive

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

100,000

195

–

195

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

204,800,000

(

221,058

)

495,816

274,758

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

204,700,000

(

221,230

)

495,962

274,732

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

28,800,000

12,899

170,690

183,589

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

28,800,000

13,146

170,442

183,588

Receive

1D

SONIA

Annual

4.00%

Annual

6/18/2031

GBP

700,000

13,229

(

3,915

)

9,314

Receive

1D

SONIA

Annual

4.00%

Annual

6/18/2031

GBP

600,000

12,601

(

4,617

)

7,984

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

92,700,000

85,493

1,180,227

1,265,720

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

92,700,000

78,117

1,187,490

1,265,607

Receive

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

184,500,000

3,029

729

3,758

Receive

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

184,500,000

3,029

729

3,758

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

25,794,600,000

(

56,666

)

296,336

239,670

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

25,794,600,000

(

56,665

)

296,336

239,671

Receive

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

4,117,200,000

(

110,288

)

578,275

467,987

Receive

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

4,117,200,000

(

110,288

)

578,275

467,987

226

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

1,470,200,000

$

68,968

$

141,324

$

210,292

Receive

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

1,470,300,000

68,986

141,320

210,306

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

167,000,000

164,360

175,816

340,176

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

167,000,000

164,372

175,804

340,176

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

232,700,000

806,246

(

293,881

)

512,365

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

232,700,000

805,811

(

293,246

)

512,565

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

30,895,600,000

(

63,105

)

181,945

118,840

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

30,895,600,000

(

63,105

)

181,945

118,840

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

3,218,200,000

(

9,873

)

38,753

28,880

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

3,218,200,000

(

9,873

)

38,754

28,881

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

13,809,900,000

(

4,295

)

145,226

140,931

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

13,809,900,000

(

4,295

)

145,226

140,931

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

9/20/2028

ZAR

17,500,000

5,820

3,718

9,538

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

9/20/2028

ZAR

17,500,000

5,820

3,718

9,538

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

38,500,000

(

88

)

947

859

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

38,500,000

(

88

)

947

859

Receive

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2028

SEK

400,600,000

191,074

19,873

210,947

Receive

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2028

SEK

400,600,000

191,074

19,873

210,947

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

19,300,000

36,374

(

10,587

)

25,787

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

19,300,000

36,273

(

10,449

)

25,824

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

312,100,000

3,048

32,020

35,068

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

312,100,000

3,048

32,020

35,068

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

8,900,000

41,933

(

7,843

)

34,090

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

8,900,000

42,304

(

8,214

)

34,090

Receive

6M

BUBOR

Semi

7.00%

Annual

6/21/2028

HUF

316,800,000

6,095

(

1,313

)

4,782

Receive

6M

BUBOR

Semi

7.00%

Annual

6/21/2028

HUF

316,800,000

6,095

(

1,313

)

4,782

Receive

6M

BUBOR

Semi

7.00%

Annual

9/20/2028

HUF

475,000,000

15,816

(

7,457

)

8,359

Receive

6M

BUBOR

Semi

7.00%

Annual

9/20/2028

HUF

475,000,000

15,816

(

7,457

)

8,359

Receive

6M

BUBOR

Semi

7.00%

Annual

6/18/2031

HUF

63,100,000

1,138

277

1,415

Receive

6M

BUBOR

Semi

7.00%

Annual

6/18/2031

HUF

63,100,000

1,138

277

1,415

Receive

6M

BUBOR

Semi

7.00%

Annual

9/17/2031

HUF

285,000,000

10,395

(

3,590

)

6,805

Receive

6M

BUBOR

Semi

7.00%

Annual

9/17/2031

HUF

285,000,000

10,395

(

3,590

)

6,805

Receive

6M

EURIBOR

Semi

2.50%

Annual

9/17/2031

EUR

117,700,000

1,161,943

1,558,298

2,720,241

Receive

6M

EURIBOR

Semi

2.50%

Annual

9/17/2031

EUR

117,600,000

1,159,735

1,558,195

2,717,930

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2056

EUR

1,000,000

25,058

(

1,189

)

23,869

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2056

EUR

900,000

18,982

2,500

21,482

Receive

6M

NIBOR

Semi

4.00%

Annual

6/21/2028

NOK

953,100,000

183,454

1,486,476

1,669,930

Receive

6M

NIBOR

Semi

4.00%

Annual

6/21/2028

NOK

953,200,000

183,484

1,486,622

1,670,106

Receive

6M

NIBOR

Semi

4.50%

Annual

9/20/2028

NOK

733,700,000

128,107

406,575

534,682

Receive

6M

NIBOR

Semi

4.50%

Annual

9/20/2028

NOK

733,700,000

128,110

406,573

534,683

Receive

6M

NIBOR

Semi

4.50%

Annual

6/18/2031

NOK

50,000,000

28,228

(

3,881

)

24,347

Receive

6M

NIBOR

Semi

4.50%

Annual

6/18/2031

NOK

50,000,000

28,228

(

3,881

)

24,347

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

93,600,000

141,377

188,324

329,701

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

93,600,000

141,377

188,324

329,701

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

186,100,000

520,890

101,742

622,632

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

186,100,000

518,121

104,511

622,632

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

42,800,000

12,556

2,841

15,397

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

42,800,000

12,556

2,841

15,397

Receive

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

25,900,000

13,756

(

7,679

)

6,077

Receive

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

25,900,000

13,698

(

7,621

)

6,077

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

6,300,000

15,891

(

3,261

)

12,630

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

6,300,000

15,667

(

3,037

)

12,630

9,383,846

14,605,967

23,989,813

Pay

1D

CLICP

Semi

4.50%

Semi

9/20/2028

CLP

49,500,000

(

100

)

(

441

)

(

541

)

Pay

1D

CLICP

Semi

4.50%

Semi

9/20/2028

CLP

49,500,000

(

100

)

(

441

)

(

541

)

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

6,100,000

(

45,786

)

(

48,526

)

(

94,312

)

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

6,000,000

(

48,205

)

(

44,561

)

(

92,766

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

227

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

SARON

Annual

0.50%

Annual

6/18/2036

CHF

800,000

$

(

10,325

)

$

3,613

$

(

6,712

)

Pay

1D

SARON

Annual

0.50%

Annual

6/18/2036

CHF

700,000

(

9,034

)

3,161

(

5,873

)

Pay

1D

SHIRON

Annual

3.50%

Annual

9/17/2031

ILS

1,500,000

2,285

(

9,520

)

(

7,235

)

Pay

1D

SHIRON

Annual

3.50%

Annual

9/17/2031

ILS

1,600,000

2,430

(

10,204

)

(

7,774

)

Pay

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

100,000

(

390

)

195

(

195

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

17,300,000

(

365,789

)

(

201,656

)

(

567,445

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

17,300,000

(

370,519

)

(

196,926

)

(

567,445

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

3,000,000

(

31,618

)

(

39,479

)

(

71,097

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

3,000,000

(

31,766

)

(

39,331

)

(

71,097

)

Pay

1D

SONIA

Annual

4.00%

Annual

9/20/2028

GBP

41,200,000

(

245,937

)

(

34,105

)

(

280,042

)

Pay

1D

SONIA

Annual

4.00%

Annual

9/20/2028

GBP

41,300,000

(

243,663

)

(

37,058

)

(

280,721

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

2,500,000

(

55,034

)

(

105,874

)

(

160,908

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

2,600,000

(

53,932

)

(

113,413

)

(

167,345

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

8,500,000

(

454,861

)

(

99,587

)

(

554,448

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

8,500,000

(

454,989

)

(

99,378

)

(

554,367

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

9,000,000

11,510

(

48,717

)

(

37,207

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

9,000,000

11,418

(

48,608

)

(

37,190

)

Pay

1D

SORA

Semi

2.00%

Semi

9/17/2031

SGD

3,200,000

33,215

(

47,080

)

(

13,865

)

Pay

1D

SORA

Semi

2.00%

Semi

9/17/2031

SGD

3,100,000

31,936

(

45,216

)

(

13,280

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

9/10/2031

MXN

55,300,000

(

1,670

)

(

100,450

)

(

102,120

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

9/10/2031

MXN

55,300,000

(

1,670

)

(

100,450

)

(

102,120

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

9,149,900,000

(

112,603

)

(

729,357

)

(

841,960

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

9,149,900,000

(

112,604

)

(

729,356

)

(

841,960

)

Pay

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

1,647,100,000

(

181,534

)

223

(

181,311

)

Pay

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

1,647,100,000

(

181,534

)

223

(

181,311

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

2,111,100,000

(

257,883

)

(

419,728

)

(

677,611

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

2,111,100,000

(

257,844

)

(

419,767

)

(

677,611

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

1,477,200,000

(

247,607

)

(

279,402

)

(

527,009

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

1,477,200,000

(

247,634

)

(

279,375

)

(

527,009

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/18/2028

CNY

24,500,000

1,654

(

3,028

)

(

1,374

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/18/2028

CNY

24,500,000

1,654

(

3,028

)

(

1,374

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/16/2031

CNY

16,000,000

(

11,102

)

(

3,084

)

(

14,186

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/16/2031

CNY

16,000,000

(

11,102

)

(

3,084

)

(

14,186

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

2,500,000

9,356

(

12,178

)

(

2,822

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

2,500,000

8,225

(

11,047

)

(

2,822

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

66,300,000

(

329,592

)

79,888

(

249,704

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

66,300,000

(

328,527

)

78,660

(

249,867

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

73,000,000

(

41,436

)

(

76,122

)

(

117,558

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

73,000,000

(

41,436

)

(

76,122

)

(

117,558

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

43,200,000

(

45,326

)

(

93,988

)

(

139,314

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

43,200,000

(

45,326

)

(

93,988

)

(

139,314

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

4,700,000

(

33,495

)

3,304

(

30,191

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

4,700,000

(

33,809

)

3,812

(

29,997

)

Pay

6M

BBR

Semi

5.00%

Semi

9/13/2046

AUD

2,900,000

(

55,218

)

17,301

(

37,917

)

Pay

6M

BBR

Semi

5.00%

Semi

9/13/2046

AUD

3,000,000

(

56,897

)

17,673

(

39,224

)

Pay

6M

BUBOR

Semi

6.00%

Annual

6/21/2028

HUF

15,500,000

342

(

1,412

)

(

1,070

)

Pay

6M

BUBOR

Semi

6.00%

Annual

6/21/2028

HUF

15,500,000

342

(

1,412

)

(

1,070

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/20/2028

HUF

540,000,000

(

3,265

)

(

49,211

)

(

52,476

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/20/2028

HUF

540,000,000

(

3,265

)

(

49,211

)

(

52,476

)

Pay

6M

BUBOR

Semi

6.00%

Annual

6/18/2031

HUF

65,000,000

1,245

(

10,637

)

(

9,392

)

Pay

6M

BUBOR

Semi

6.00%

Annual

6/18/2031

HUF

65,000,000

1,245

(

10,637

)

(

9,392

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/17/2031

HUF

326,100,000

(

14,443

)

(

52,080

)

(

66,523

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/17/2031

HUF

326,100,000

(

14,443

)

(

52,080

)

(

66,523

)

228

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/18/2036

EUR

4,000,000

$

74,842

$

(

111,303

)

$

(

36,461

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/18/2036

EUR

4,100,000

76,376

(

113,749

)

(

37,373

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

27,100,000

189,490

(

492,385

)

(

302,895

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

27,100,000

194,230

(

497,325

)

(

303,095

)

Pay

6M

NIBOR

Semi

4.00%

Annual

6/18/2031

NOK

29,200,000

(

4,202

)

(

73,551

)

(

77,753

)

Pay

6M

NIBOR

Semi

4.00%

Annual

6/18/2031

NOK

29,200,000

(

4,202

)

(

73,551

)

(

77,753

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

468,300,000

45,439

(

172,946

)

(

127,507

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

468,300,000

45,439

(

172,946

)

(

127,507

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/21/2028

CAD

100,000

(

204

)

(

67

)

(

271

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/21/2028

CAD

100,000

(

271

)

–

(

271

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

11,700,000

(

6,494

)

(

13,361

)

(

19,855

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

12,600,000

(

7,640

)

(

13,733

)

(

21,373

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

27,100,000

(

63,583

)

8,561

(

55,022

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

27,100,000

(

63,465

)

8,443

(

55,022

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

31,500,000

32,855

(

49,210

)

(

16,355

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

31,600,000

32,871

(

49,278

)

(

16,407

)

Receive

1D

CORRA

Semi

3.50%

Semi

6/18/2036

CAD

100,000

(

1,517

)

–

(

1,517

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

496,100,000

1,314

(

1,346

)

(

32

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

496,100,000

1,314

(

1,346

)

(

32

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

9/16/2031

COP

1,607,200,000

2,939

(

4,043

)

(

1,104

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

9/16/2031

COP

1,607,200,000

2,939

(

4,043

)

(

1,104

)

Receive

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

700,000

(

6,093

)

1,758

(

4,335

)

Receive

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

900,000

(

7,834

)

1,764

(

6,070

)

Receive

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

20,100,000

(

61,599

)

(

40,294

)

(

101,893

)

Receive

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

20,200,000

(

60,728

)

(

41,474

)

(

102,202

)

Receive

1D

SONIA

Annual

4.50%

Annual

6/18/2036

GBP

4,300,000

(

54,149

)

37,274

(

16,875

)

Receive

1D

SONIA

Annual

4.50%

Annual

6/18/2036

GBP

4,400,000

(

55,766

)

38,499

(

17,267

)

Receive

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

154,100,000

(

34,940

)

–

(

34,940

)

Receive

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

154,100,000

(

34,940

)

–

(

34,940

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

9/10/2031

MXN

23,000,000

(

7,289

)

(

1,322

)

(

8,611

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

9/10/2031

MXN

23,000,000

(

7,289

)

(

1,322

)

(

8,611

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

71,004,200,000

(

810,373

)

493,655

(

316,718

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

71,004,100,000

(

810,373

)

493,656

(

316,717

)

Receive

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

1,000,000

(

4,006

)

(

460

)

(

4,466

)

Receive

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

1,100,000

(

4,407

)

(

506

)

(

4,913

)

Receive

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

202,900,000

(

260,073

)

(

170,337

)

(

430,410

)

Receive

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

203,000,000

(

260,055

)

(

170,570

)

(

430,625

)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

2,700,000

(

14,890

)

(

339

)

(

15,229

)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

2,700,000

(

14,890

)

(

339

)

(

15,229

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

25,400,000

33,669

(

94,452

)

(

60,783

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

25,500,000

34,122

(

94,857

)

(

60,735

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

15,400,000

769

(

5,286

)

(

4,517

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

15,400,000

769

(

5,286

)

(

4,517

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

88,400,000

(

27,155

)

–

(

27,155

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

88,500,000

(

27,181

)

–

(

27,181

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2031

SEK

51,800,000

2,054

(

15,382

)

(

13,328

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2031

SEK

51,800,000

2,054

(

15,382

)

(

13,328

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

26,100,000

(

7,654

)

1,790

(

5,864

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

26,100,000

(

7,654

)

1,790

(

5,864

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

117,900,000

(

26,392

)

7,383

(

19,009

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

117,900,000

(

26,392

)

7,383

(

19,009

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

10,100,000

(

27,469

)

(

1,698

)

(

29,167

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

10,000,000

(

27,197

)

(

1,681

)

(

28,878

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/20/2028

HUF

165,000,000

433

(

1,907

)

(

1,474

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/20/2028

HUF

165,000,000

433

(

1,907

)

(

1,474

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/17/2031

HUF

90,000,000

(

2,018

)

–

(

2,018

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/17/2031

HUF

90,000,000

(

2,018

)

–

(

2,018

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

229

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/18/2031

EUR

14,100,000

$

31,454

$

(

94,266

)

$

(

62,812

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/18/2031

EUR

14,200,000

31,677

(

94,935

)

(

63,258

)

Receive

6M

NIBOR

Semi

5.00%

Annual

6/21/2028

NOK

68,400,000

(

14,912

)

994

(

13,918

)

Receive

6M

NIBOR

Semi

5.00%

Annual

6/21/2028

NOK

68,300,000

(

14,892

)

991

(

13,901

)

Receive

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

61,000,000

(

14,304

)

660

(

13,644

)

Receive

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

61,000,000

(

14,304

)

660

(

13,644

)

Receive

6M

NIBOR

Semi

4.50%

Annual

9/17/2036

NOK

30,000,000

(

9,830

)

(

11,901

)

(

21,731

)

Receive

6M

NIBOR

Semi

4.50%

Annual

9/17/2036

NOK

30,000,000

(

9,839

)

(

11,892

)

(

21,731

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

52,100,000

(

3,517

)

(

920

)

(

4,437

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

52,100,000

(

3,517

)

(

920

)

(

4,437

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

6/18/2031

CZK

3,300,000

(

1,809

)

1,265

(

544

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

6/18/2031

CZK

3,300,000

(

1,809

)

1,265

(

544

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

36,500,000

(

4,838

)

2,810

(

2,028

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

36,500,000

(

4,838

)

2,810

(

2,028

)

(

7,079,785

)

(

6,332,709

)

(

13,412,494

)

$

2,304,061

$

8,273,258

$

10,577,319

Abbreviations:

1D:

1

Day

1W:

1

Week

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

(a)

Floating

rate

indices

at

March

31,

2026

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

2.27%

1

Day

Chile

Indice

de

Camara

Promedio

Interbank

Overnight

Index

(“CLICP”):

4.78%

1

Day

Colombia

Overnight

Interbank

Rate

(“IBR”):

9.64%

1

Day

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIEOIS”):

6.94%

1

Day

Mumbai

Interbank

Overnight

Rate

(“MIBOR”):

6.98%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

3.68%

1

Day

Shekel

Interbank

Offered

Rate

(“SHIRON”):

4.00%

1

Day

Singapore

Overnight

Rate

Average

(“SORA”):

1.00%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

3.73%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

-0.07%

1

Day

Thailand

Overnight

Repo

Rate

(“THOR”):

0.99%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.72%

1

Week

China

Fixing

Repo

Rate

(“CNREPOFIX_CFXS”):

1.49%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.31%

3

Month

Hong

Kong

Interbank

Offered

Rate

(“HIBOR”):

2.36%

3

Month

Johannesburg

Interbank

Agreed

Rate

(“JIBAR”):

6.75%

3

Month

Korean

Certificate

of

Deposit

(“CD_KSDA”):

2.82%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

2.19%

3

Month

Taiwan

Secondary

Markets

Bills

Rate

(“TWCPBA”):

1.68%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.78%

6

Month

Budapest

Interbank

Offered

Rate

(“BUBOR”):

6.62%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

2.48%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.66%

6

Month

Prague

Interbank

Offered

Rate

(“PRIBOR”):

3.62%

6

Month

Warsaw

Interbank

Offered

Rate

(“WIBOR”):

3.79%

230

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Total

return

swap

contracts

outstanding

as

of

March

31,

2026

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Amsterdam

Exchange

Index

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

GSIN

04/17/2026

EUR

(14,176,032)

$

389,978

Total

unrealized

appreciation

389,978

HSCEI

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/29/2026

HKD

40,113,600

(

45,151

)

iBovespa

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/15/2026

BRL

10,596,060

(

45,184

)

KOSPI

200

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/11/2026

KRW

12,362,625,000

(

163,363

)

Swiss

Market

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

Monthly

MLIN

06/19/2026

CHF

(12,038,400)

(

48,893

)

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/15/2026

TWD

191,724,000

(

344,060

)

Total

unrealized

depreciation

(

646,651

)

Net

unrealized

depreciation

$

(

256,673

)

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

65

4/2026

USD

$

6,758,050

$

201,706

EURO

STOXX

50

Volatility

Index

11

4/2026

EUR

35,982

1,107

Hang

Seng

Index

108

4/2026

HKD

17,048,028

(

234,380

)

IBEX

35

Index

16

4/2026

EUR

3,137,717

(

80,576

)

MSCI

Singapore

Index

373

4/2026

SGD

12,666,392

4,500

Natural

Gas

73

4/2026

USD

2,105,320

(

151,218

)

NY

Harbor

ULSD

89

4/2026

USD

15,377,384

2,338,219

RBOB

Gasoline

41

4/2026

USD

5,517,116

123,028

SGX

FTSE

Taiwan

Index

66

4/2026

USD

6,819,120

(

371,474

)

WTI

Crude

Oil

97

4/2026

USD

9,833,860

1,454,675

Canola

124

5/2026

CAD

1,304,625

697

CBOE

Volatility

Index

27

5/2026

USD

659,124

(

8,304

)

Coffee

'C'

322

5/2026

USD

36,025,762

748,406

Copper

173

5/2026

USD

24,280,550

(

198,943

)

Corn

239

5/2026

USD

5,470,112

168,275

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

231

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

Ethanol

10

5/2026

USD

$

842,100

$

6,009

Fcoj-a

17

5/2026

USD

484,500

32,649

Feeder

Cattle

23

5/2026

USD

4,214,463

257,890

French

Base

Electricity

40

5/2026

EUR

733,367

(

80,255

)

Italian

Base

Electricity

2

5/2026

EUR

212,769

(

35,530

)

KC

HRW

Wheat

88

5/2026

USD

2,796,200

47,855

LNG

Japan/Korea

Marker

5

5/2026

USD

918,700

(

23,426

)

Low

Sulphur

Gasoil

280

5/2026

USD

34,699,000

7,415,701

Milling

Wheat

No.

2

264

5/2026

EUR

3,123,916

24,461

Phelix

De

Base

Electricity

14

5/2026

EUR

1,013,953

(

74,520

)

Red

Wheat

37

5/2026

USD

1,218,225

27,965

SGX

IODEX

Iron

Ore

806

5/2026

USD

8,501,688

(

36,242

)

Silver

62

5/2026

USD

23,224,890

(

1,740,009

)

Soybean

Meal

288

5/2026

USD

9,112,320

(

52,991

)

Soybean

Oil

452

5/2026

USD

18,680,256

2,023,786

100

oz

Gold

158

6/2026

USD

73,921,880

1,987,354

CBOE

Volatility

Index

44

6/2026

USD

1,067,559

31,927

Crude

Oil

50

6/2026

USD

4,529,300

(

66,032

)

Crude

Palm

Oil

20

6/2026

MYR

596,197

34,930

DJIA

CBOT

E-Mini

Index

82

6/2026

USD

19,098,620

(

88,684

)

EURO

STOXX

50

Volatility

Index

1

6/2026

EUR

2,936

(

90

)

Euro-Bobl

105

6/2026

EUR

14,033,348

(

86,794

)

Italian

Base

Electricity

2

6/2026

EUR

739,399

65,814

Lean

Hogs

115

6/2026

USD

4,832,300

(

92,506

)

Live

Cattle

296

6/2026

USD

28,803,760

1,551,696

LME

Aluminum

Base

Metal

664

6/2026

USD

57,803,524

4,011,019

LME

Copper

Base

Metal

86

6/2026

USD

26,517,068

(

1,135,018

)

LME

Lead

Base

Metal

10

6/2026

USD

474,220

(

2,869

)

LME

Nickel

Base

Metal

299

6/2026

USD

30,652,266

(

418,140

)

LME

Zinc

Base

Metal

61

6/2026

USD

4,945,575

(

9,307

)

MSCI

Emerging

Markets

Index

129

6/2026

USD

9,382,170

(

272,903

)

NASDAQ

100

E-Mini

Index

15

6/2026

USD

7,174,500

(

200,853

)

Palladium

9

6/2026

USD

1,338,750

(

241,053

)

Phelix

De

Base

Electricity

5

6/2026

EUR

1,266,105

2,845

Russell

2000

E-Mini

Index

64

6/2026

USD

8,039,040

7,494

S&P

500

E-Mini

Index

55

6/2026

USD

18,069,562

(

273,322

)

S&P

Midcap

400

E-Mini

Index

1

6/2026

USD

339,650

(

876

)

TOPIX

Index

29

6/2026

JPY

6,402,823

(

179,182

)

CBOE

Volatility

Index

30

7/2026

USD

732,279

26,588

Platinum

10

7/2026

USD

985,100

22,950

Rapeseed

45

7/2026

EUR

1,321,137

36,147

Robusta

Coffee

86

7/2026

USD

2,928,300

(

99,311

)

CBOE

Volatility

Index

21

8/2026

USD

510,306

13,880

3

Month

Euro

Euribor

113

9/2026

EUR

31,776,036

(

112,376

)

Milling

Wheat

No.

2

152

9/2026

EUR

1,893,051

18,925

French

Base

Electricity

1

12/2026

EUR

573,696

(

10,997

)

Italian

Base

Electricity

1

12/2026

EUR

1,062,341

53,197

Phelix

De

Base

Electricity

6

12/2026

EUR

5,736,762

293,128

3

Month

SARON

33

3/2027

CHF

10,296,508

(

35,362

)

3

Month

SARON

63

6/2027

CHF

19,646,136

(

43,341

)

3

Month

SARON

11

9/2027

CHF

3,430,106

(

4,503

)

3

Month

Euro

Euribor

7

6/2028

EUR

1,968,730

1,131

Total

of

long

contracts

16,574,567

Short

Contracts

CAC

40

10

Euro

Index

(

226

)

4/2026

EUR

(

20,440,629

)

265,463

CBOE

Volatility

Index

(

140

)

4/2026

USD

(

3,503,136

)

(

172,664

)

IFSC

NIFTY

50

Index

(

62

)

4/2026

USD

(

2,787,706

)

46,555

232

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

Natural

Gas

(

10

)

4/2026

EUR

$

(

436,486

)

$

65,494

Natural

Gas

(

10

)

4/2026

GBP

(

525,615

)

75,590

OMXS30

Index

(

173

)

4/2026

SEK

(

5,336,207

)

98,062

SGX

FTSE

China

A50

Index

(

169

)

4/2026

USD

(

2,456,584

)

7,774

Sugar

No.

11

(

451

)

4/2026

USD

(

7,839,462

)

(

541,599

)

Cocoa

(

107

)

5/2026

USD

(

3,531,000

)

770,834

Cocoa

(

480

)

5/2026

GBP

(

15,800,607

)

847,389

Cotton

No.

2

(

291

)

5/2026

USD

(

10,185,000

)

(

837,686

)

EURO

STOXX

50

Volatility

Index

(

8

)

5/2026

EUR

(

24,412

)

(

5,544

)

Soybean

(

245

)

5/2026

USD

(

14,344,750

)

(

85,938

)

Wheat

(

40

)

5/2026

USD

(

1,232,500

)

(

41,230

)

Australia

10

Year

Bond

(

945

)

6/2026

AUD

(

70,362,252

)

247,709

Australia

3

Year

Bond

(

215

)

6/2026

AUD

(

15,392,894

)

46,420

Canada

10

Year

Bond

(

240

)

6/2026

CAD

(

20,690,964

)

376,149

DAX

Index

(

55

)

6/2026

EUR

(

36,294,701

)

1,202,734

Euro

STOXX

50

Index

(

359

)

6/2026

EUR

(

22,801,511

)

342,424

Euro-BTP

(

147

)

6/2026

EUR

(

19,927,039

)

(

287,251

)

Euro-Bund

(

153

)

6/2026

EUR

(

22,231,191

)

(

88,341

)

Euro-Buxl

(

55

)

6/2026

EUR

(

7,032,307

)

(

98,357

)

Euro-OAT

(

112

)

6/2026

EUR

(

15,419,409

)

(

85,286

)

Euro-Schatz

(

167

)

6/2026

EUR

(

20,428,042

)

62,786

French

Base

Electricity

(

8

)

6/2026

EUR

(

826,478

)

(

63,840

)

FTSE

100

Index

(

143

)

6/2026

GBP

(

19,304,137

)

(

39,544

)

FTSE/JSE

Top

40

Index

(

20

)

6/2026

ZAR

(

1,263,335

)

(

9,548

)

FTSE/MIB

Index

(

4

)

6/2026

EUR

(

1,007,346

)

(

4,172

)

Japan

10

Year

Bond

(

119

)

6/2026

JPY

(

97,806,370

)

911,164

LME

Aluminum

Base

Metal

(

31

)

6/2026

USD

(

2,698,659

)

(

113,560

)

LME

Copper

Base

Metal

(

44

)

6/2026

USD

(

13,566,872

)

634,333

LME

Lead

Base

Metal

(

56

)

6/2026

USD

(

2,655,632

)

84,679

LME

Nickel

Base

Metal

(

172

)

6/2026

USD

(

17,632,742

)

634,032

LME

Zinc

Base

Metal

(

122

)

6/2026

USD

(

9,891,150

)

(

31,291

)

Long

Gilt

(

102

)

6/2026

GBP

(

11,923,836

)

93,918

MSCI

EAFE

Index

(

59

)

6/2026

USD

(

8,558,245

)

(

89,407

)

Nikkei

225

Index

(

15

)

6/2026

JPY

(

4,835,386

)

224,334

S&P/TSX

60

Index

(

35

)

6/2026

CAD

(

9,600,029

)

(

108,769

)

SPI

200

Index

(

218

)

6/2026

AUD

(

32,010,817

)

217,701

U.S.

Treasury

10

Year

Note

(

462

)

6/2026

USD

(

51,274,781

)

65,616

U.S.

Treasury

2

Year

Note

(

715

)

6/2026

USD

(

148,345,742

)

127,998

U.S.

Treasury

5

Year

Note

(

285

)

6/2026

USD

(

30,828,984

)

(

66,635

)

U.S.

Treasury

Long

Bond

(

275

)

6/2026

USD

(

31,238,281

)

38,380

U.S.

Treasury

Ultra

Bond

(

128

)

6/2026

USD

(

14,884,000

)

(

24,599

)

Cocoa

(

24

)

7/2026

GBP

(

797,972

)

(

8,947

)

White

Sugar

(

12

)

7/2026

USD

(

271,200

)

(

483

)

90-Day

Australian

Bank

Bill

(

740

)

9/2026

AUD

(

504,689,248

)

364,907

90-Day

New

Zealand

Bill

(

145

)

9/2026

NZD

(

82,728,604

)

(

3,909

)

3

Month

CORRA

(

776

)

12/2026

CAD

(

135,859,967

)

92,011

3

Month

Euro

Euribor

(

213

)

12/2026

EUR

(

59,856,415

)

312,443

3

Month

SARON

(

3

)

12/2026

CHF

(

936,984

)

(

763

)

3

Month

SOFR

(

686

)

12/2026

USD

(

165,223,100

)

591,227

3

Month

SONIA

(

147

)

12/2026

GBP

(

46,577,434

)

107,160

90-Day

Australian

Bank

Bill

(

704

)

12/2026

AUD

(

480,066,592

)

540,379

90-Day

New

Zealand

Bill

(

113

)

12/2026

NZD

(

64,409,761

)

(

3,484

)

ECX

Emission

(

8

)

12/2026

EUR

(

670,485

)

(

6,510

)

UK

Allowances

Carbon

Dioxide

Emissions

(

5

)

12/2026

GBP

(

274,978

)

(

12,952

)

3

Month

CORRA

(

383

)

3/2027

CAD

(

66,937,585

)

(

139,524

)

3

Month

Euro

Euribor

(

340

)

3/2027

EUR

(

95,511,064

)

375,191

3

Month

SOFR

(

751

)

3/2027

USD

(

180,934,675

)

650,425

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

233

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

3

Month

SONIA

(

47

)

3/2027

GBP

$

(

14,888,994

)

$

(

27,260

)

90-Day

Australian

Bank

Bill

(

1,138

)

3/2027

AUD

(

776,035,642

)

424,963

90-Day

New

Zealand

Bill

(

76

)

3/2027

NZD

(

43,283,846

)

(

9,618

)

3

Month

CORRA

(

390

)

6/2027

CAD

(

68,062,864

)

109,698

3

Month

Euro

Euribor

(

117

)

6/2027

EUR

(

32,873,804

)

(

27,042

)

3

Month

SOFR

(

596

)

6/2027

USD

(

143,621,100

)

502,919

3

Month

SONIA

(

169

)

6/2027

GBP

(

53,537,022

)

(

24,719

)

90-Day

Australian

Bank

Bill

(

270

)

6/2027

AUD

(

184,143,374

)

57,671

3

Month

CORRA

(

512

)

9/2027

CAD

(

89,312,918

)

(

29,198

)

3

Month

Euro

Euribor

(

159

)

9/2027

EUR

(

44,697,630

)

(

7,947

)

3

Month

SOFR

(

433

)

9/2027

USD

(

104,407,125

)

312,566

3

Month

SONIA

(

140

)

9/2027

GBP

(

44,375,675

)

(

29,422

)

3

Month

Euro

Euribor

(

174

)

12/2027

EUR

(

48,939,527

)

(

27,383

)

3

Month

SOFR

(

450

)

12/2027

USD

(

108,601,875

)

168,555

3

Month

SONIA

(

173

)

12/2027

GBP

(

54,881,453

)

(

5,581

)

3

Month

Euro

Euribor

(

161

)

3/2028

EUR

(

45,285,452

)

(

30,703

)

3

Month

SOFR

(

443

)

3/2028

USD

(

106,978,963

)

67,346

3

Month

SONIA

(

185

)

3/2028

GBP

(

58,731,110

)

(

13,051

)

3

Month

SOFR

(

419

)

6/2028

USD

(

101,178,025

)

112,259

3

Month

SONIA

(

177

)

6/2028

GBP

(

56,203,100

)

(

17,445

)

3

Month

SOFR

(

17

)

9/2028

USD

(

4,103,800

)

807

3

Month

SONIA

(

13

)

9/2028

GBP

(

4,128,772

)

7,887

Total

of

short

contracts

9,064,750

Net

unrealized

appreciation

$

25,639,317

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

1,300,000

USD

891,494

CITI

6/17/2026

$

4,429

AUD

1,300,000

USD

891,492

JPMC

6/17/2026

4,430

BRL

24,737,555

USD

4,631,632

CITI

**

6/17/2026

63,448

BRL

24,737,555

USD

4,631,623

JPMC

**

6/17/2026

63,458

CNY

44,658,323

USD

6,501,552

CITI

**

6/17/2026

16,984

CNY

42,178,149

USD

6,140,175

JPMC

**

6/17/2026

16,343

COP

73,915,202,996

USD

19,280,640

CITI

**

6/17/2026

483,989

COP

73,915,202,996

USD

19,280,600

JPMC

**

6/17/2026

484,029

CZK

145,500,000

USD

6,844,715

CITI

6/17/2026

13,394

CZK

145,500,000

USD

6,844,702

JPMC

6/17/2026

13,408

DKK

18,103,000

USD

2,802,986

CITI

6/17/2026

9,106

DKK

18,103,000

USD

2,802,980

JPMC

6/17/2026

9,112

EUR

21,578,127

USD

24,940,577

CITI

6/17/2026

88,247

EUR

21,578,127

USD

24,940,528

JPMC

6/17/2026

88,297

GBP

170,000

USD

224,477

CITI

6/17/2026

483

GBP

170,000

USD

224,477

JPMC

6/17/2026

483

HUF

1,014,066,733

USD

3,018,562

CITI

6/17/2026

14,842

HUF

541,902,901

USD

1,613,073

JPMC

6/17/2026

7,935

IDR

12,500,000,000

USD

733,057

CITI

**

6/17/2026

1,643

IDR

12,500,000,000

USD

733,056

JPMC

**

6/17/2026

1,645

JPY

2,210,000,000

USD

13,950,187

CITI

6/17/2026

65,074

JPY

2,210,000,000

USD

13,950,159

JPMC

6/17/2026

65,102

NOK

74,500,000

USD

7,667,449

CITI

6/17/2026

21,557

NOK

74,500,000

USD

7,667,434

JPMC

6/17/2026

21,573

234

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

PEN

4,545,215

USD

1,298,642

CITI

**

6/17/2026

$

2,142

PEN

4,545,215

USD

1,298,639

JPMC

**

6/17/2026

2,145

USD

12,404,735

AUD

17,877,500

CITI

6/17/2026

84,072

USD

12,404,760

AUD

17,877,500

JPMC

6/17/2026

84,097

USD

7,295,175

CAD

9,940,000

CITI

6/17/2026

125,795

USD

7,295,190

CAD

9,940,000

JPMC

6/17/2026

125,809

USD

35,239,796

CHF

27,028,532

CITI

6/17/2026

1,151,670

USD

35,239,882

CHF

27,028,538

JPMC

6/17/2026

1,151,748

USD

3,277,963

CLP

3,000,000,000

CITI

**

6/17/2026

36,949

USD

3,277,969

CLP

3,000,000,000

JPMC

**

6/17/2026

36,955

USD

34,793,552

CZK

719,243,375

CITI

6/17/2026

892,177

USD

34,793,660

CZK

719,243,375

JPMC

6/17/2026

892,284

USD

1,242,476

DKK

7,820,500

CITI

6/17/2026

27,652

USD

1,242,479

DKK

7,820,500

JPMC

6/17/2026

27,655

USD

92,053,998

EUR

78,528,125

CITI

6/17/2026

967,933

USD

92,046,778

EUR

78,521,875

JPMC

6/17/2026

967,962

USD

59,965,290

GBP

44,490,101

CITI

6/17/2026

1,091,798

USD

59,965,416

GBP

44,490,105

JPMC

6/17/2026

1,091,918

USD

2,823,498

HUF

935,000,000

CITI

6/17/2026

26,608

USD

2,823,503

HUF

935,000,000

JPMC

6/17/2026

26,613

USD

15,216,256

IDR

256,685,649,844

CITI

**

6/17/2026

129,301

USD

15,216,287

IDR

256,685,649,844

JPMC

**

6/17/2026

129,331

USD

29,407,510

ILS

91,023,531

CITI

6/17/2026

391,209

USD

29,107,485

ILS

90,100,469

JPMC

6/17/2026

385,436

USD

96,085,737

INR

8,914,008,984

CITI

**

6/17/2026

2,163,023

USD

96,085,929

INR

8,914,008,984

JPMC

**

6/17/2026

2,163,215

USD

76,756,230

JPY

12,000,167,725

CITI

6/17/2026

654,202

USD

76,762,309

JPY

12,001,082,275

JPMC

6/17/2026

654,481

USD

18,051,367

KRW

26,799,675,000

CITI

**

6/17/2026

196,780

USD

18,054,136

KRW

26,800,325,000

JPMC

**

6/17/2026

199,116

USD

2,708,191

MXN

48,500,001

CITI

6/17/2026

20,186

USD

2,708,196

MXN

48,499,999

JPMC

6/17/2026

20,191

USD

8,099,023

NOK

77,843,511

CITI

6/17/2026

64,939

USD

8,099,048

NOK

77,843,511

JPMC

6/17/2026

64,964

USD

22,191,755

NZD

37,229,993

CITI

6/17/2026

739,650

USD

22,191,800

NZD

37,229,993

JPMC

6/17/2026

739,694

USD

3,776,165

PEN

13,041,000

CITI

**

6/17/2026

43,992

USD

3,776,172

PEN

13,041,000

JPMC

**

6/17/2026

44,000

USD

15,051,206

PHP

903,649,833

CITI

**

6/17/2026

215,795

USD

15,051,233

PHP

903,649,833

JPMC

**

6/17/2026

215,822

USD

24,150,308

PLN

88,953,000

CITI

6/17/2026

194,550

USD

24,150,357

PLN

88,953,000

JPMC

6/17/2026

194,598

USD

46,727,333

SEK

428,750,000

CITI

6/17/2026

1,260,849

USD

46,727,380

SEK

428,750,000

JPMC

6/17/2026

1,260,897

USD

66,199,205

SGD

83,239,900

CITI

6/17/2026

1,107,106

USD

66,199,282

SGD

83,239,830

JPMC

6/17/2026

1,107,237

USD

31,162,406

THB

978,612,500

CITI

6/17/2026

1,303,390

USD

31,162,469

THB

978,612,500

JPMC

6/17/2026

1,303,452

USD

9,103,071

TWD

291,500,000

CITI

**

6/17/2026

32,622

USD

9,105,093

TWD

291,500,000

JPMC

**

6/17/2026

34,644

USD

10,532,214

ZAR

177,174,003

CITI

6/17/2026

122,570

USD

10,036,462

ZAR

168,825,997

JPMC

6/17/2026

117,295

Total

unrealized

appreciation

27,647,530

AUD

169,702,500

USD

120,389,029

CITI

6/17/2026

(

3,434,909

)

AUD

169,702,500

USD

120,388,788

JPMC

6/17/2026

(

3,434,667

)

CAD

89,655,821

USD

65,794,926

CITI

6/17/2026

(

1,129,265

)

CAD

89,655,821

USD

65,794,795

JPMC

6/17/2026

(

1,129,130

)

CHF

8,228,997

USD

10,690,619

CITI

6/17/2026

(

312,285

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

235

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

CHF

8,229,003

USD

10,690,605

JPMC

6/17/2026

$

(

312,266

)

CLP

15,461,945,615

USD

17,507,146

CITI

**

6/17/2026

(

803,019

)

CLP

15,461,945,615

USD

17,507,111

JPMC

**

6/17/2026

(

802,984

)

CNY

90,335,616

USD

13,247,776

CITI

**

6/17/2026

(

61,969

)

CNY

92,815,790

USD

13,610,249

JPMC

**

6/17/2026

(

62,426

)

CZK

132,000,000

USD

6,266,698

CITI

6/17/2026

(

44,908

)

CZK

132,000,000

USD

6,266,685

JPMC

6/17/2026

(

44,895

)

EUR

56,894,496

USD

66,137,299

CITI

6/17/2026

(

144,436

)

EUR

56,888,246

USD

66,129,756

JPMC

6/17/2026

(

144,143

)

GBP

99,620,498

USD

133,205,938

CITI

6/17/2026

(

1,378,711

)

GBP

99,620,503

USD

133,205,678

JPMC

6/17/2026

(

1,378,440

)

HUF

6,071,881,359

USD

18,687,042

CITI

6/17/2026

(

524,065

)

HUF

6,154,603,113

USD

19,009,339

JPMC

6/17/2026

(

598,915

)

IDR

82,769,375,000

USD

4,883,640

CITI

**

6/17/2026

(

18,788

)

IDR

98,230,625,000

USD

5,797,929

JPMC

**

6/17/2026

(

24,327

)

ILS

33,728,500

USD

10,821,429

CITI

6/17/2026

(

69,524

)

ILS

33,728,500

USD

10,821,407

JPMC

6/17/2026

(

69,502

)

JPY

4,410,592,391

USD

28,445,423

CITI

6/17/2026

(

474,563

)

JPY

4,411,506,941

USD

28,451,301

JPMC

6/17/2026

(

474,642

)

KRW

67,643,773,907

USD

47,000,354

CITI

**

6/17/2026

(

1,934,447

)

KRW

67,643,773,907

USD

47,000,437

JPMC

**

6/17/2026

(

1,934,532

)

MXN

333,220,127

USD

19,005,459

CITI

6/17/2026

(

537,472

)

MXN

333,220,125

USD

19,005,421

JPMC

6/17/2026

(

537,433

)

NOK

221,000,000

USD

23,160,338

CITI

6/17/2026

(

351,339

)

NOK

221,000,000

USD

23,160,292

JPMC

6/17/2026

(

351,293

)

PEN

59,086,878

USD

17,464,652

CITI

**

6/17/2026

(

554,723

)

PEN

59,086,878

USD

17,464,617

JPMC

**

6/17/2026

(

554,686

)

PLN

48,645,704

USD

13,445,311

CITI

6/17/2026

(

344,631

)

PLN

48,645,704

USD

13,445,284

JPMC

6/17/2026

(

344,604

)

SEK

12,000,000

USD

1,324,663

CITI

6/17/2026

(

52,132

)

SEK

12,000,000

USD

1,324,637

JPMC

6/17/2026

(

52,107

)

SGD

18,291,035

USD

14,397,064

CITI

6/17/2026

(

93,803

)

SGD

18,290,966

USD

14,396,980

JPMC

6/17/2026

(

93,774

)

TWD

1,318,657,967

USD

41,901,078

CITI

**

6/17/2026

(

869,103

)

TWD

1,318,657,967

USD

41,900,995

JPMC

**

6/17/2026

(

869,023

)

USD

2,336,277

CAD

3,241,000

CITI

6/17/2026

(

1,345

)

USD

2,336,282

CAD

3,241,000

JPMC

6/17/2026

(

1,340

)

USD

2,267,558

CLP

2,100,000,000

CITI

**

6/17/2026

(

1,152

)

USD

2,267,562

CLP

2,100,000,000

JPMC

**

6/17/2026

(

1,148

)

USD

49,623,174

EUR

42,921,000

CITI

6/17/2026

(

161,600

)

USD

49,623,273

EUR

42,921,000

JPMC

6/17/2026

(

161,501

)

USD

8,884,610

HUF

3,014,721,039

CITI

6/17/2026

(

133,403

)

USD

7,730,042

HUF

2,625,278,961

JPMC

6/17/2026

(

123,023

)

USD

386,605

ILS

1,212,969

CITI

6/17/2026

(

63

)

USD

680,810

ILS

2,136,031

JPMC

6/17/2026

(

109

)

USD

5,262,582

INR

500,000,000

CITI

**

6/17/2026

(

5,682

)

USD

5,262,593

INR

500,000,000

JPMC

**

6/17/2026

(

5,672

)

USD

65,447,728

JPY

10,370,000,000

CITI

6/17/2026

(

316,189

)

USD

65,447,859

JPY

10,370,000,000

JPMC

6/17/2026

(

316,058

)

USD

4,334,833

KRW

6,550,325,000

CITI

**

6/17/2026

(

29,151

)

USD

4,334,409

KRW

6,549,675,000

JPMC

**

6/17/2026

(

29,141

)

USD

766,186

PEN

2,687,000

CITI

**

6/17/2026

(

2,800

)

USD

766,187

PEN

2,687,000

JPMC

**

6/17/2026

(

2,799

)

USD

3,031,959

PHP

185,000,000

CITI

**

6/17/2026

(

5,225

)

USD

3,031,965

PHP

185,000,000

JPMC

**

6/17/2026

(

5,219

)

USD

1,107,241

SEK

10,500,000

CITI

6/17/2026

(

6,224

)

USD

1,107,243

SEK

10,500,000

JPMC

6/17/2026

(

6,222

)

USD

1,057,083

TWD

34,000,000

CITI

**

6/17/2026

(

876

)

236

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

1,057,086

TWD

34,000,000

JPMC

**

6/17/2026

$

(

874

)

USD

35,909,147

ZAR

613,500,000

CITI

6/17/2026

(

136,302

)

USD

35,909,219

ZAR

613,500,000

JPMC

6/17/2026

(

136,230

)

ZAR

480,759,003

USD

29,486,017

CITI

6/17/2026

(

1,239,604

)

ZAR

472,410,997

USD

29,014,407

JPMC

6/17/2026

(

1,258,471

)

Total

unrealized

depreciation

(

30,435,304

)

Net

unrealized

depreciation

$

(

2,787,774

)

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

short

equity

positions

and

pays

or

receives

the

CORRA

plus

or

minus

a

specified

spread

(-0.03%),

which

is

denominated

in

CAD

based

on

the

local

currencies

of

the

positions

within

the

swap.

50

months

maturity

04/10/2030

$–

$–

$–

$–

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2026

237

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

259.7%

COMMON

STOCKS

-

189.5%

Australia

-

4

.7

%

AGL

Energy

Ltd.

(2)(a)

5,606

38,378

ALS

Ltd.

(2)(a)

1,019

14,959

ANZ

Group

Holdings

Ltd.

(2)(a)

3,713

93,363

Aristocrat

Leisure

Ltd.

(2)(a)

2,290

72,788

Aurizon

Holdings

Ltd.

(2)(a)

1,928

5,322

BHP

Group

Ltd.

(2)(a)

2,480

89,733

Evolution

Mining

Ltd.

(2)(a)

6,717

60,485

Fortescue

Ltd.

(2)(a)

772

11,032

Harvey

Norman

Holdings

Ltd.

(2)(a)

4,075

13,999

IGO

Ltd.

(2)*(a)

14,099

78,713

Mineral

Resources

Ltd.

(2)*(a)

1,081

41,524

Northern

Star

Resources

Ltd.

(2)(a)

5,254

76,376

OceanaGold

Corp.

(a)

500

15,765

Orica

Ltd.

(2)(a)

2,983

41,925

QBE

Insurance

Group

Ltd.

(2)(a)

3,739

55,176

SEEK

Ltd.

(2)(a)

1,445

14,199

Sonic

Healthcare

Ltd.

(2)(a)

885

12,575

South32

Ltd.

(2)(a)

30,773

93,181

Suncorp

Group

Ltd.

(2)(a)

462

5,185

Technology

One

Ltd.

(2)(a)

523

9,928

Telstra

Group

Ltd.

(2)(a)

19,088

70,465

Westpac

Banking

Corp.

(2)(a)

852

23,545

Whitehaven

Coal

Ltd.

(2)(a)

4,509

29,094

Worley

Ltd.

(2)(a)

2,582

20,282

987,992

Belgium

-

0

.7

%

Ageas

SA/NV

(2)(a)

391

28,783

KBC

Group

NV

(2)(a)

305

37,330

Liberty

Global

Ltd.,

Class

A

*(a)

4,593

55,529

Umicore

SA

(2)

1,145

21,844

143,486

Brazil

-

0

.2

%

Wheaton

Precious

Metals

Corp.

(a)

(b)

288

37,803

Yara

International

ASA

(2)

226

13,211

51,014

Burkina

Faso

-

0

.0

%

†

IAMGOLD

Corp.

*

282

5,303

Canada

-

6

.8

%

Alamos

Gold,

Inc.,

Class

A

(a)

1,122

49,918

AltaGas

Ltd.

(a)

286

9,920

ARC

Resources

Ltd.

(a)

2,461

51,216

Aritzia,

Inc.

*(a)

81

6,610

Atco

Ltd.,

Class

I

(a)

90

4,405

Bank

of

Nova

Scotia

(The)

(a)

1,437

99,653

Canadian

National

Railway

Co.

(a)

1,009

103,852

Canadian

Natural

Resources

Ltd.

(a)

2,728

133,077

CCL

Industries,

Inc.,

Class

B

(a)

186

11,654

Celestica,

Inc.

*(a)

391

110,298

Cenovus

Energy,

Inc.

(a)

593

15,738

Constellation

Software,

Inc.

(a)

19

33,353

DPM

Metals,

Inc.

(a)

137

4,824

Emera,

Inc.

(a)

93

4,821

INVESTMENTS

SHARES

VALUE

($)

Canada

-

6.8%

(continued)

Fairfax

Financial

Holdings

Ltd.

(a)

38

64,749

George

Weston

Ltd.

(a)

643

45,427

iA

Financial

Corp.,

Inc.

(a)

68

7,546

Intact

Financial

Corp.

(a)

287

52,007

Loblaw

Cos.

Ltd.

(a)

1,490

67,929

Lundin

Gold,

Inc.

(a)

1,006

76,880

Magna

International,

Inc.

(a)

517

28,873

Onex

Corp.

(a)

119

8,684

Pan

American

Silver

Corp.

(a)

454

24,836

Quebecor,

Inc.,

Class

B

(a)

849

36,051

Royal

Bank

of

Canada

(a)

75

12,124

Saputo,

Inc.

(a)

167

5,217

Sun

Life

Financial,

Inc.

(a)

330

20,674

Suncor

Energy,

Inc.

(a)

2,942

194,590

TFI

International,

Inc.

(a)

533

58,017

TMX

Group

Ltd.

(a)

276

9,787

Toromont

Industries

Ltd.

(a)

56

7,840

Toronto-Dominion

Bank

(The)

(a)

523

48,845

Tourmaline

Oil

Corp.

(a)

788

37,715

1,447,130

China

-

0

.3

%

Wilmar

International

Ltd.

(2)

11,700

35,151

Yangzijiang

Shipbuilding

Holdings

Ltd.

(2)

7,700

22,872

58,023

Denmark

-

1

.8

%

Danske

Bank

A/S

(2)(a)

2,124

104,677

Genmab

A/S

(2)*(a)

222

59,789

ISS

A/S

(2)(a)

1,907

69,460

Jyske

Bank

A/S

(Registered)

(2)(a)

225

30,875

Orsted

A/S

(2)*(a)(c)

746

18,500

Pandora

A/S

(2)(a)

880

62,897

Royal

Unibrew

A/S

(a)

257

20,850

Vestas

Wind

Systems

A/S

(2)(a)

638

19,249

386,297

Finland

-

1

.3

%

Elisa

OYJ

(2)(a)

220

10,716

Kone

OYJ,

Class

B

(2)(a)

550

35,112

Konecranes

OYJ

(2)(a)

171

5,612

Nordea

Bank

Abp

(2)(a)

5,387

92,761

Sampo

OYJ,

Class

A

(a)

2,331

24,793

UPM-Kymmene

OYJ

(2)(a)

1,139

35,650

Wartsila

OYJ

Abp

(2)(a)

1,949

72,596

277,240

France

-

6

.2

%

Air

France-KLM

(2)*(a)

2,854

28,926

Amundi

SA

(2)(a)(c)

85

7,305

BNP

Paribas

SA

(2)(a)

56

5,335

Bouygues

SA

(2)(a)

1,279

74,127

Carrefour

SA

(2)(a)

9,040

167,384

Credit

Agricole

SA

(2)(a)

2,413

45,037

Dassault

Aviation

SA

(2)(a)

110

40,942

Eiffage

SA

(2)(a)

470

72,083

Gaztransport

Et

Technigaz

SA

(2)(a)

93

21,873

Hermes

International

SCA

(2)(a)

18

34,098

Ipsen

SA

(2)(a)

90

16,820

238

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

France

-

6.2%

(continued)

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(2)(a)

196

107,143

Orange

SA

(2)(a)

3,866

79,265

Renault

SA

(2)(a)

1,395

47,826

Safran

SA

(2)(a)

372

121,729

SCOR

SE

(2)(a)

561

20,050

SEB

SA

(2)(a)

177

9,145

Societe

Generale

SA

(2)(a)

1,497

109,306

Thales

SA

(2)(a)

331

97,064

TotalEnergies

SE

(2)(a)

1,774

162,808

Valeo

SE

(2)(a)

2,588

31,692

Vinci

SA

(2)(a)

42

6,304

1,306,262

Germany

-

6

.2

%

adidas

AG

(2)(a)

564

91,287

Allianz

SE

(Registered)

(2)(a)

274

115,715

Bayer

AG

(Registered)

(2)(a)

791

36,606

Bechtle

AG

(2)(a)

565

19,484

Continental

AG

(2)(a)

600

41,884

Daimler

Truck

Holding

AG

(2)(a)

1,312

64,611

Deutsche

Bank

AG

(Registered)

(2)(a)

2,555

76,037

Deutsche

Lufthansa

AG

(Registered)

(2)(a)

3,629

30,904

E.ON

SE

(2)(a)

2,078

45,511

Evonik

Industries

AG

(2)(a)

1,199

23,528

Fraport

AG

Frankfurt

Airport

Services

Worldwide

(2)*(a)

60

5,227

Fresenius

Medical

Care

AG

(2)(a)

567

25,695

GEA

Group

AG

(2)(a)

396

28,400

HUGO

BOSS

AG

(2)(a)

1,157

50,082

KION

Group

AG

(2)(a)

181

9,671

Knorr-Bremse

AG

(2)(a)

61

6,969

LANXESS

AG

(2)(a)

1,059

23,413

Mercedes-Benz

Group

AG

(2)(a)

1,288

79,164

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

(Registered)

(2)(a)

118

74,522

Nemetschek

SE

(2)(a)

269

20,137

Nordex

SE

(2)*(a)

493

26,717

Rational

AG

(2)(a)

35

25,678

Rheinmetall

AG

(2)(a)

33

55,664

RWE

AG

(2)(a)

1,402

94,325

Scout24

SE

(2)(a)(c)

910

70,214

Siemens

Energy

AG

(2)(a)

832

143,479

Siemens

Healthineers

AG

(2)(a)(c)

102

4,352

Talanx

AG

(2)(a)

157

19,482

1,308,758

Hong

Kong

-

0

.2

%

Prudential

plc

(2)(a)

1,464

20,355

Techtronic

Industries

Co.

Ltd.

(2)(a)

1,500

19,920

40,275

Italy

-

3

.1

%

A2A

SpA

(2)(a)

6,948

19,674

Amplifon

SpA

(2)(a)

6,394

70,544

Davide

Campari-Milano

NV

(2)(a)

1,963

14,025

Eni

SpA

(2)(a)

1,073

30,509

INVESTMENTS

SHARES

VALUE

($)

Italy

-

3.1%

(continued)

FinecoBank

Banca

Fineco

SpA

(2)

(a)

199

4,427

Generali

(2)(a)

1,753

70,526

Hera

SpA

(2)(a)

4,549

20,983

Interpump

Group

SpA

(2)(a)

142

5,422

Intesa

Sanpaolo

SpA

(2)(a)

4,198

25,389

Leonardo

SpA

(2)(a)

1,994

135,630

Nexi

SpA

(2)(a)(c)

6,234

23,221

Pirelli

&

C

SpA

(2)(a)(c)

6,201

42,908

Poste

Italiane

SpA

(2)(a)(c)

2,964

69,769

Prysmian

SpA

(2)(a)

66

7,794

Reply

SpA

(2)(a)

71

6,682

Saipem

SpA

(2)(a)

3,075

14,069

Snam

SpA

(2)(a)

2,502

18,954

UniCredit

SpA

(2)(a)

1,024

73,466

653,992

Japan

-

25

.3

%

Advantest

Corp.

(2)(a)

400

55,203

AGC,

Inc.

(2)(a)

400

14,171

Aisin

Corp.

(2)(a)

1,700

23,950

ANA

Holdings,

Inc.

(2)(a)

3,300

59,101

Asahi

Intecc

Co.

Ltd.

(2)(a)

1,300

27,760

Asahi

Kasei

Corp.

(2)(a)

7,600

74,362

Astellas

Pharma,

Inc.

(2)(a)

13,600

221,706

BayCurrent,

Inc.

(2)(a)

2,900

83,944

Brother

Industries

Ltd.

(2)(a)

2,600

48,134

Canon,

Inc.

(2)(a)

3,000

83,242

Central

Japan

Railway

Co.

(2)(a)

2,500

65,003

Chubu

Electric

Power

Co.,

Inc.

(2)

(a)

2,600

42,866

Concordia

Financial

Group

Ltd.

(2)

(a)

6,000

53,557

Dai

Nippon

Printing

Co.

Ltd.

(2)(a)

2,100

38,262

Daiichi

Life

Group,

Inc.

(2)(a)

4,400

40,577

Denso

Corp.

(2)(a)

400

5,015

Dentsu

Group,

Inc.

(2)*(a)

1,400

24,062

Eisai

Co.

Ltd.

(2)(a)

500

15,653

ENEOS

Holdings,

Inc.

(2)(a)

6,300

56,764

FANUC

Corp.

(2)(a)

1,600

55,771

Fujitsu

Ltd.

(2)(a)

300

6,135

Fukuoka

Financial

Group,

Inc.

(2)

(a)

1,900

72,762

Honda

Motor

Co.

Ltd.

(2)(a)

600

4,856

Hoshizaki

Corp.

(2)(a)

500

16,096

Hoya

Corp.

(2)(a)

600

104,016

Iida

Group

Holdings

Co.

Ltd.

(2)(a)

800

12,307

Isetan

Mitsukoshi

Holdings

Ltd.

(2)

(a)

8,700

160,302

Japan

Airlines

Co.

Ltd.

(2)(a)

2,400

39,183

Japan

Post

Bank

Co.

Ltd.

(2)(a)

8,600

140,268

Japan

Post

Holdings

Co.

Ltd.

(2)(a)

7,100

81,980

JFE

Holdings,

Inc.

(2)(a)

1,700

19,902

Kajima

Corp.

(2)(a)

600

22,889

Kirin

Holdings

Co.

Ltd.

(2)(a)

4,800

76,350

Kobe

Bussan

Co.

Ltd.

(2)(a)

1,700

36,786

Kobe

Steel

Ltd.

(2)(a)

5,200

63,108

Komatsu

Ltd.

(2)(a)

900

35,839

Kyoto

Financial

Group,

Inc.

(2)(a)

1,400

36,888

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

239

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

25.3%

(continued)

Kyushu

Electric

Power

Co.,

Inc.

(2)

(a)

2,800

32,456

LY

Corp.

(2)(a)

14,500

34,961

Marubeni

Corp.

(2)(a)

1,900

69,506

MatsukiyoCocokara

&

Co.

(a)

900

14,325

Mazda

Motor

Corp.

(2)(a)

2,800

19,151

MINEBEA

MITSUMI,

Inc.

(2)(a)

3,200

53,136

Mitsubishi

Chemical

Group

Corp.

(2)(a)

10,500

61,384

Mitsubishi

Corp.

(2)(a)

2,200

75,473

Mitsubishi

Electric

Corp.

(2)(a)

1,100

35,978

Mitsui

Chemicals,

Inc.

(2)(a)

4,900

59,192

Mizuho

Financial

Group,

Inc.

(2)(a)

4,000

161,936

Murata

Manufacturing

Co.

Ltd.

(2)

(a)

5,700

127,892

Nexon

Co.

Ltd.

(2)(a)

3,000

56,510

NIPPON

EXPRESS

HOLDINGS,

Inc.

(2)(a)

1,600

36,161

Nippon

Steel

Corp.

(2)(a)

16,000

59,001

Nissan

Chemical

Corp.

(2)(a)

900

34,998

Niterra

Co.

Ltd.

(2)(a)

500

23,576

Nomura

Holdings,

Inc.

(2)(a)

1,000

7,874

Obayashi

Corp.

(2)(a)

2,300

55,707

Obic

Co.

Ltd.

(a)

6,300

152,910

Oji

Holdings

Corp.

(2)(a)

2,800

15,148

Omron

Corp.

(2)(a)

600

17,261

Ono

Pharmaceutical

Co.

Ltd.

(2)(a)

1,500

24,075

ORIX

Corp.

(2)(a)

2,500

74,178

Otsuka

Corp.

(2)(a)

900

17,230

Panasonic

Holdings

Corp.

(2)(a)

9,900

166,037

Rakuten

Group,

Inc.

(2)*(a)

10,500

49,083

Recruit

Holdings

Co.

Ltd.

(2)(a)

300

13,071

Renesas

Electronics

Corp.

(2)(a)

1,600

22,876

Resona

Holdings,

Inc.

(2)(a)

10,300

117,500

Sanwa

Holdings

Corp.

(2)(a)

3,400

77,324

Seiko

Epson

Corp.

(2)(a)

5,100

63,052

Seven

&

i

Holdings

Co.

Ltd.

(2)(a)

9,500

127,772

Shimamura

Co.

Ltd.

(2)(a)

900

18,843

Shimizu

Corp.

(2)(a)

5,300

95,088

Shin-Etsu

Chemical

Co.

Ltd.

(2)(a)

3,000

122,156

Shionogi

&

Co.

Ltd.

(2)(a)

2,100

46,454

Shizuoka

Financial

Group,

Inc.

(2)

(a)

3,600

59,776

SMC

Corp.

(2)(a)

100

39,330

SoftBank

Corp.

(2)(a)

55,000

73,597

Sojitz

Corp.

(2)(a)

2,100

83,153

Sony

Financial

Group,

Inc.

(2)

13,500

12,367

Sony

Group

Corp.

(2)(a)

2,500

52,107

Square

Enix

Holdings

Co.

Ltd.

(2)

(a)

1,700

27,091

Sumitomo

Corp.

(2)(a)

1,900

71,096

Sumitomo

Metal

Mining

Co.

Ltd.

(2)(a)

900

52,383

Sumitomo

Mitsui

Trust

Group,

Inc.

(2)(a)

1,600

50,971

Sysmex

Corp.

(2)(a)

1,200

10,465

TBS

Holdings,

Inc.

(2)(a)

700

25,222

Terumo

Corp.

(2)(a)

3,100

41,648

Tokyo

Century

Corp.

(2)(a)

1,500

19,417

INVESTMENTS

SHARES

VALUE

($)

Japan

-

25.3%

(continued)

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(2)*(a)

6,300

25,960

Tokyo

Electron

Ltd.

(2)(a)

400

99,380

Tokyo

Gas

Co.

Ltd.

(2)(a)

1,400

65,934

Tokyu

Corp.

(2)(a)

2,600

30,691

TOPPAN

Holdings,

Inc.

(2)(a)

900

23,737

Tosoh

Corp.

(2)(a)

300

4,459

TOTO

Ltd.

(2)(a)

500

16,531

Toyota

Motor

Corp.

(2)(a)

1,600

33,260

Toyota

Tsusho

Corp.

(2)(a)

1,200

46,508

USS

Co.

Ltd.

(2)(a)

4,500

47,335

Yamato

Holdings

Co.

Ltd.

(2)(a)

5,000

55,758

Yokogawa

Electric

Corp.

(2)(a)

1,400

43,265

Zensho

Holdings

Co.

Ltd.

(2)(a)

100

5,838

5,375,324

Netherlands

-

1

.8

%

Aalberts

NV

(2)(a)

244

8,498

ABN

AMRO

Bank

NV,

CVA

(2)(a)(c)

287

9,098

Argenx

SE

(2)*(a)

26

18,869

ASM

International

NV

(2)(a)

150

113,693

ASML

Holding

NV

(2)(a)

62

82,445

ASR

Nederland

NV

(2)(a)

672

46,265

EXOR

NV

(2)(a)

59

4,516

Heineken

NV

(2)(a)

191

14,691

NN

Group

NV

(2)(a)

478

37,330

Randstad

NV

(2)(a)

299

7,804

Wolters

Kluwer

NV

(2)(a)

479

35,776

378,985

New

Zealand

-

0

.1

%

Xero

Ltd.

(2)*(a)

341

18,022

Nigeria

-

0

.2

%

Airtel

Africa

plc

(2)(c)

8,531

39,339

Norway

-

0

.8

%

Gjensidige

Forsikring

ASA

(2)(a)

618

16,166

Kongsberg

Gruppen

ASA

(a)

931

39,685

Mowi

ASA

(2)(a)

198

4,503

Norsk

Hydro

ASA

(2)(a)

557

5,937

Storebrand

ASA

(2)(a)

1,207

21,786

Telenor

ASA

(a)

3,154

55,472

TOMRA

Systems

ASA

(2)(a)

425

5,124

Vend

Marketplaces

ASA

(a)

1,140

28,209

176,882

Portugal

-

0

.4

%

Banco

Comercial

Portugues

SA,

Class

R

(2)

50,425

49,112

EDP

SA

(2)

4,726

25,009

74,121

Singapore

-

0

.6

%

DBS

Group

Holdings

Ltd.

(2)

400

17,800

Genting

Singapore

Ltd.

(2)

8,300

4,380

Oversea-Chinese

Banking

Corp.

Ltd.

(2)

1,100

18,841

Sea

Ltd.,

ADR

*(a)

752

62,273

Singapore

Telecommunications

Ltd.

2,600

9,990

240

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Singapore

-

0.6%

(continued)

United

Overseas

Bank

Ltd.

(2)

800

22,901

136,185

Spain

-

1

.8

%

ACS

Actividades

de

Construccion

y

Servicios

SA

(2)(a)

422

51,465

Aena

SME

SA

(a)(c)

2,436

71,855

Bankinter

SA

(2)(a)

4,565

72,299

Cellnex

Telecom

SA

(2)(a)(c)

557

17,910

Enagas

SA

(a)

2,541

50,340

Fluidra

SA

(2)(a)

1,022

23,706

Industria

de

Diseno

Textil

SA

(2)(a)

937

54,542

Naturgy

Energy

Group

SA

(a)

612

18,321

Repsol

SA

(2)(a)

292

8,219

Unicaja

Banco

SA

(2)(a)(c)

3,670

10,892

379,549

Sweden

-

2

.8

%

Alfa

Laval

AB

(2)(a)

1,193

65,257

Autoliv,

Inc.

(a)(b)

276

29,024

Axfood

AB

(a)

537

18,249

Boliden

AB

(2)*(a)

252

13,210

Elekta

AB,

Class

B

(2)(a)

715

4,229

Embracer

Group

AB

(2)*(a)

899

4,634

Essity

AB,

Class

B

(2)(a)

164

4,227

Evolution

AB

(2)(a)(c)

69

4,337

Husqvarna

AB,

Class

B

(2)(a)

4,566

18,082

Indutrade

AB

(2)(a)

199

4,563

Sandvik

AB

(2)(a)

1,548

59,508

Svenska

Handelsbanken

AB,

Class

A

(2)(a)

2,987

39,380

Swedbank

AB,

Class

A

(2)(a)

1,160

39,537

Swedish

Orphan

Biovitrum

AB

(2)*(a)

308

12,908

Telefonaktiebolaget

LM

Ericsson,

Class

B

(2)(a)

11,062

126,108

Telia

Co.

AB

(2)(a)

18,753

96,077

Volvo

AB,

Class

B

(2)(a)

1,402

46,097

585,427

Switzerland

-

3

.1

%

ABB

Ltd.

(Registered)

(2)(a)

1,382

112,368

Accelleron

Industries

AG

(2)(a)

146

13,196

Adecco

Group

AG

(Registered)

(2)

(a)

1,260

30,306

Avolta

AG

(2)*(a)

531

31,837

Clariant

AG

(Registered)

(2)*(a)

1,728

16,953

DSM-Firmenich

AG

(2)(a)

652

46,634

Flughafen

Zurich

AG

(Registered)

(2)(a)

198

62,001

Galenica

AG

(2)(a)(c)

83

9,449

Geberit

AG

(Registered)

(2)(a)

18

12,151

Givaudan

SA

(Registered)

(2)(a)

8

27,052

Kuehne

+

Nagel

International

AG

(Registered)

(2)(a)

450

103,052

Logitech

International

SA

(Registered)

(2)(a)

293

27,209

SGS

SA

(Registered)

(2)(a)

573

60,388

INVESTMENTS

SHARES

VALUE

($)

Switzerland

-

3.1%

(continued)

Zurich

Insurance

Group

AG

(2)(a)

132

93,300

645,896

United

Kingdom

-

7

.1

%

Barclays

plc

(2)(a)

13,235

69,265

Burberry

Group

plc

(2)*(a)

2,414

35,322

Centrica

plc

(2)(a)

32,059

90,773

CK

Hutchison

Holdings

Ltd.

(2)(a)

1,500

11,514

Compass

Group

plc

(2)(a)

8,728

243,519

Croda

International

plc

(2)(a)

134

5,032

easyJet

plc

(2)(a)

915

4,257

Entain

plc

(2)(a)

1,094

8,219

Games

Workshop

Group

plc

(2)(a)

50

11,820

Hiscox

Ltd.

(2)(a)

2,582

52,118

Howden

Joinery

Group

plc

(2)(a)

2,802

29,678

Imperial

Brands

plc

(2)(a)

386

15,651

International

Consolidated

Airlines

Group

SA

(2)(a)

10,812

51,317

Intertek

Group

plc

(2)(a)

89

4,331

Investec

plc

(2)(a)

569

4,386

ITV

plc

(2)(a)

24,382

24,659

Kingfisher

plc

(2)(a)

19,988

76,001

Lloyds

Banking

Group

plc

(2)(a)

61,673

76,440

NatWest

Group

plc

(2)(a)

5,759

42,662

Next

plc

(2)(a)

133

22,470

Persimmon

plc

(2)(a)

1,262

18,016

RELX

plc

(2)(a)

1,667

54,615

Rightmove

plc

(2)(a)

1,511

8,645

Rolls-Royce

Holdings

plc

(2)(a)

9,822

149,220

RS

GROUP

plc

(2)(a)

1,420

10,633

Sage

Group

plc

(The)

(2)(a)

1,389

15,564

Taylor

Wimpey

plc

(2)(a)

20,149

23,931

TechnipFMC

plc

(a)

2,574

177,941

Tesco

plc

(2)(a)

8,640

54,303

United

Utilities

Group

plc

(2)(a)

807

14,071

Vodafone

Group

plc

(2)(a)

65,550

98,872

1,505,245

United

States

-

114

.0

%

Abercrombie

&

Fitch

Co.,

Class

A

*(a)

897

81,959

Acuity,

Inc.

(a)(b)

36

10,088

Adobe,

Inc.

*(a)

669

162,620

ADT,

Inc.

(a)

660

4,336

Advanced

Drainage

Systems,

Inc.

(a)

32

4,388

AGCO

Corp.

(a)

118

13,673

Agilent

Technologies,

Inc.

(a)(b)

860

98,023

Air

Lease

Corp.,

Class

A

(a)

503

32,665

Airbnb,

Inc.,

Class

A

*(a)

703

88,775

Akamai

Technologies,

Inc.

*(a)(b)

949

108,993

Albemarle

Corp.

(a)

207

37,163

Alcoa

Corp.

(a)

730

48,421

Alcon

AG

(2)(a)

168

12,699

Alexandria

Real

Estate

Equities,

Inc.,

REIT

(a)

90

4,178

Align

Technology,

Inc.

*(a)(b)

330

56,572

Allison

Transmission

Holdings,

Inc.

(a)(b)

585

68,480

Amdocs

Ltd.

(a)

327

21,340

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

241

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

114.0%

(continued)

Ameren

Corp.

(a)

387

42,539

American

Electric

Power

Co.,

Inc.

(a)

581

76,157

American

Tower

Corp.,

REIT

(a)

135

23,298

American

Water

Works

Co.,

Inc.

(a)(b)

774

105,334

Ameriprise

Financial,

Inc.

(a)

195

86,658

AMETEK,

Inc.

(a)(b)

209

44,801

Analog

Devices,

Inc.

(a)(b)

112

35,632

Antero

Resources

Corp.

*(a)

746

31,660

Aon

plc,

Class

A

(a)(b)

212

68,429

AP

Moller

-

Maersk

A/S,

Class

B

(2)(a)

18

44,962

Applied

Industrial

Technologies,

Inc.

(a)

198

52,533

AptarGroup,

Inc.

(a)

442

55,701

Aramark

(a)

2,294

92,999

Arch

Capital

Group

Ltd.

*(a)

521

50,011

Arista

Networks,

Inc.

*(a)

191

23,451

Armstrong

World

Industries,

Inc.

(a)

132

21,754

Arrow

Electronics,

Inc.

*(a)

249

35,709

ASGN,

Inc.

*(a)(b)

1,227

47,497

Ashland,

Inc.

(a)(b)

843

46,879

ATI,

Inc.

*(a)

54

7,855

Autodesk,

Inc.

*(a)

538

128,797

AutoNation,

Inc.

*(a)(b)

181

35,342

AutoZone,

Inc.

*(a)(b)

2

6,756

Avnet,

Inc.

(a)(b)

932

57,430

Axis

Capital

Holdings

Ltd.

(a)

914

92,689

Ball

Corp.

(a)

513

30,323

Bank

of

America

Corp.

(a)(b)

600

29,250

Bank

of

New

York

Mellon

Corp.

(The)

(a)(b)

577

68,450

Becton

Dickinson

&

Co.

(a)(b)

460

72,326

Best

Buy

Co.,

Inc.

(a)(b)

938

60,220

Biogen,

Inc.

*(a)(b)

314

57,566

BioMarin

Pharmaceutical,

Inc.

*(a)

1,491

84,227

Blackbaud,

Inc.

*(a)(b)

107

4,131

Blackrock,

Inc.

(a)

39

37,507

Booking

Holdings,

Inc.

(a)

22

92,627

BorgWarner,

Inc.

(a)

1,869

101,412

Boston

Beer

Co.,

Inc.

(The),

Class

A

*(a)

58

13,363

BP

plc

(2)(a)

27,038

211,620

Bright

Horizons

Family

Solutions,

Inc.

*(a)

940

77,202

Brink's

Co.

(The)

(a)(b)

260

26,944

Bristol-Myers

Squibb

Co.

(a)(b)

3,344

202,813

Broadcom,

Inc.

(a)

91

28,165

Broadridge

Financial

Solutions,

Inc.

(a)(b)

547

88,877

Bruker

Corp.

(a)(b)

1,374

49,629

Brunswick

Corp.

(a)(b)

320

23,283

Burlington

Stores,

Inc.

*(a)(b)

241

78,417

CACI

International,

Inc.,

Class

A

*(a)(b)

54

29,369

Caesars

Entertainment,

Inc.

*(a)(b)

1,985

52,464

Capital

One

Financial

Corp.

(a)

176

32,108

CarMax,

Inc.

*(a)(b)

1,381

57,422

Carnival

Corp.

(a)(b)

171

4,425

INVESTMENTS

SHARES

VALUE

($)

United

States

-

114.0%

(continued)

Carpenter

Technology

Corp.

(a)

141

55,575

Carrier

Global

Corp.

(a)(b)

1,456

81,987

CCC

Intelligent

Solutions

Holdings,

Inc.

*(a)

4,355

26,130

CDW

Corp.

(a)(b)

215

26,019

Centene

Corp.

*(a)

2,352

77,004

Charter

Communications,

Inc.,

Class

A

*(a)(b)

258

55,697

Chemed

Corp.

(a)

76

28,708

Chewy,

Inc.,

Class

A

*(a)(b)

667

18,009

Chipotle

Mexican

Grill,

Inc.,

Class

A

*(a)(b)

2,054

65,749

Chord

Energy

Corp.

(a)(b)

341

48,483

Chubb

Ltd.

(a)

600

195,557

Ciena

Corp.

*(a)(b)

334

129,669

Cigna

Group

(The)

(a)(b)

304

81,092

Citigroup,

Inc.

(a)

845

95,831

Citizens

Financial

Group,

Inc.

(a)

1,881

112,804

Clorox

Co.

(The)

(a)(b)

762

78,966

Cloudflare,

Inc.,

Class

A

*(a)(b)

188

38,792

CNA

Financial

Corp.

(a)(b)

757

34,761

CNH

Industrial

NV

(a)(b)

4,787

52,657

CNO

Financial

Group,

Inc.

(a)

275

11,292

Coca-Cola

Consolidated,

Inc.

(a)

474

90,885

Cognex

Corp.

(a)(b)

510

24,985

Cognizant

Technology

Solutions

Corp.,

Class

A

(a)

587

36,012

Columbia

Sportswear

Co.

(a)(b)

998

54,700

Comfort

Systems

USA,

Inc.

(a)

145

199,953

Commercial

Metals

Co.

(a)

927

56,946

Commvault

Systems,

Inc.

*(a)

507

39,490

Conagra

Brands,

Inc.

(a)

3,751

58,966

Concentrix

Corp.

(a)(b)

1,686

46,129

ConocoPhillips

(a)(b)

1,321

174,371

Consolidated

Edison,

Inc.

(a)(b)

1,218

137,853

Cooper

Cos.,

Inc.

(The)

*(a)(b)

247

17,661

Copart,

Inc.

*(a)(b)

2,735

90,802

COPT

Defense

Properties,

REIT

(a)(b)

575

17,595

Corpay,

Inc.

*(a)(b)

63

18,332

Corteva,

Inc.

(a)

406

33,986

CoStar

Group,

Inc.

*(a)(b)

1,913

77,170

Crane

Co.

(a)

97

16,587

Crocs,

Inc.

*(a)(b)

55

4,566

Crown

Holdings,

Inc.

(a)

562

56,341

Cummins,

Inc.

(a)

86

46,270

Curtiss-Wright

Corp.

(a)(b)

102

69,474

Danaher

Corp.

(a)

840

159,264

Darden

Restaurants,

Inc.

(a)

96

18,820

Datadog,

Inc.,

Class

A

*(a)(b)

510

60,206

Deckers

Outdoor

Corp.

*(a)

420

42,038

Delta

Air

Lines,

Inc.

(a)

579

38,492

Docusign,

Inc.,

Class

A

*(a)(b)

1,694

80,313

Dolby

Laboratories,

Inc.,

Class

A

(a)

417

25,045

Dollar

General

Corp.

(a)

1,011

120,036

DoubleVerify

Holdings,

Inc.

*(a)(b)

3,121

29,650

Dover

Corp.

(a)

335

69,831

Dow,

Inc.

(a)(b)

966

40,234

DR

Horton,

Inc.

(a)(b)

471

64,631

DraftKings,

Inc.,

Class

A

*(a)(b)

5,685

122,910

242

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

114.0%

(continued)

DTE

Energy

Co.

(a)(b)

90

13,160

Duolingo,

Inc.,

Class

A

*(a)(b)

123

12,124

DuPont

de

Nemours,

Inc.

(a)(b)

586

26,839

Eagle

Materials,

Inc.

(a)(b)

97

18,377

East

West

Bancorp,

Inc.

(a)

470

50,177

Eaton

Corp.

plc

(a)(b)

151

54,008

Ecolab,

Inc.

(a)(b)

107

28,464

Edison

International

(a)(b)

3,873

283,424

Edwards

Lifesciences

Corp.

*(a)(b)

529

42,362

Elastic

NV

*(a)

87

4,349

Elevance

Health,

Inc.

(a)

85

24,884

elf

Beauty,

Inc.

*(a)(b)

829

50,246

Eli

Lilly

&

Co.

(a)

34

31,272

EMCOR

Group,

Inc.

(a)

120

88,597

EnerSys

(a)

119

20,673

EPAM

Systems,

Inc.

*(a)

289

39,131

EPR

Properties,

REIT

(a)(b)

293

14,638

Equifax,

Inc.

(a)(b)

515

92,736

Equinix,

Inc.,

REIT

(a)(b)

171

167,620

Equity

Residential,

REIT

(a)(b)

74

4,377

Esab

Corp.

(a)

191

18,462

Evercore,

Inc.,

Class

A

(a)(b)

90

26,866

Everest

Group

Ltd.

(a)

84

27,455

Everpure,

Inc.,

Class

A

*(a)(b)

255

15,055

Exelixis,

Inc.

*(a)

1,365

58,545

ExlService

Holdings,

Inc.

*(a)

3,738

113,822

Expedia

Group,

Inc.

(a)(b)

418

96,512

Exponent,

Inc.

(a)(b)

158

10,310

Extra

Space

Storage,

Inc.,

REIT

(a)(b)

507

66,483

Exxon

Mobil

Corp.

(a)

292

49,541

Federal

Realty

Investment

Trust,

REIT

(a)

886

94,102

Federated

Hermes,

Inc.,

Class

B

(a)(b)

265

15,028

FedEx

Corp.

(a)

608

216,556

Ferguson

Enterprises,

Inc.

(a)

64

14,929

Fidelity

National

Information

Services,

Inc.

(a)(b)

2,195

102,967

First

Hawaiian,

Inc.

(a)

1,548

38,143

First

Industrial

Realty

Trust,

Inc.,

REIT

(a)

432

24,991

First

Solar,

Inc.

*(a)

66

13,019

FirstCash

Holdings,

Inc.

(a)(b)

222

41,736

FirstEnergy

Corp.

(a)

951

48,178

Fiserv,

Inc.

*(a)(b)

392

21,874

Five

Below,

Inc.

*(a)

256

58,491

Flowserve

Corp.

(a)(b)

606

44,547

Fluor

Corp.

*(a)(b)

803

37,460

FNB

Corp.

(a)(b)

1,121

18,743

Ford

Motor

Co.

(a)

1,610

18,579

Fortinet,

Inc.

*(a)

1,066

87,114

Freeport-McMoRan,

Inc.

(a)

2,216

130,256

Gaming

and

Leisure

Properties,

Inc.,

REIT

(a)

1,075

47,698

Gap,

Inc.

(The)

(a)

2,118

51,256

Garmin

Ltd.

(a)(b)

183

42,458

Gartner,

Inc.

*(a)(b)

606

95,954

Gates

Industrial

Corp.

plc

*(a)

772

17,455

GE

Aerospace

(a)

382

108,400

INVESTMENTS

SHARES

VALUE

($)

United

States

-

114.0%

(continued)

GE

Vernova,

Inc.

(a)

99

86,417

General

Dynamics

Corp.

(a)

203

69,674

General

Mills,

Inc.

(a)(b)

2,000

74,440

General

Motors

Co.

(a)

1,955

145,648

Genpact

Ltd.

(a)

2,771

103,220

GFL

Environmental,

Inc.

(a)

887

37,001

Gitlab,

Inc.,

Class

A

*(a)(b)

1,774

38,389

GLOBALFOUNDRIES,

Inc.

*(a)

455

20,238

Globe

Life,

Inc.

(a)

231

32,148

Globus

Medical,

Inc.,

Class

A

*(a)

(b)

50

4,308

Goodyear

Tire

&

Rubber

Co.

(The)

*(a)(b)

3,122

20,699

Graham

Holdings

Co.,

Class

B

(a)

(b)

20

21,145

Greif,

Inc.,

Class

A

(a)(b)

398

26,694

GSK

plc

(2)(a)

2,668

73,491

Guidewire

Software,

Inc.

*(a)(b)

67

10,021

H&R

Block,

Inc.

(a)(b)

918

29,137

Haemonetics

Corp.

*(a)(b)

1,261

71,070

Halozyme

Therapeutics,

Inc.

*(a)(b)

339

21,910

Hartford

Insurance

Group,

Inc.

(The)

(a)

258

34,889

Hasbro,

Inc.

(a)(b)

977

91,447

Hayward

Holdings,

Inc.

*(a)

932

12,470

HealthEquity,

Inc.

*(a)

166

13,873

Hilton

Worldwide

Holdings,

Inc.

(a)

186

56,559

Holcim

AG

(2)(a)

1,088

89,936

Host

Hotels

&

Resorts,

Inc.,

REIT

(a)(b)

2,132

40,849

Humana,

Inc.

(a)(b)

159

27,569

Huntington

Ingalls

Industries,

Inc.

(a)

249

94,595

Huntsman

Corp.

(a)

7,597

101,116

Illinois

Tool

Works,

Inc.

(a)

205

53,359

Illumina,

Inc.

*(a)(b)

444

54,727

Incyte

Corp.

*(a)(b)

1,215

114,356

Ingredion,

Inc.

(a)(b)

71

7,999

Insulet

Corp.

*(a)

351

73,654

Intercontinental

Exchange,

Inc.

(a)

230

36,174

InterContinental

Hotels

Group

plc

(2)(a)

829

109,324

International

Bancshares

Corp.

(a)

(b)

236

15,880

International

Flavors

&

Fragrances,

Inc.

(a)(b)

810

58,766

Invesco

Ltd.

(a)

1,579

38,354

Invitation

Homes,

Inc.,

REIT

(a)(b)

2,383

59,218

IQVIA

Holdings,

Inc.

*(a)

202

34,449

ITT,

Inc.

(a)

452

86,120

J

M

Smucker

Co.

(The)

(a)(b)

157

15,141

Jacobs

Solutions,

Inc.

(a)

282

35,893

Jazz

Pharmaceuticals

plc

*(a)(b)

267

50,476

JB

Hunt

Transport

Services,

Inc.

(a)

657

139,218

Jones

Lang

LaSalle,

Inc.

*(a)

108

32,867

KB

Home

(a)(b)

619

32,033

Kimco

Realty

Corp.,

REIT

(a)(b)

308

6,921

Kinder

Morgan,

Inc.

(a)

2,442

81,880

Kirby

Corp.

*(a)

200

26,576

KKR

&

Co.,

Inc.

(a)

751

69,468

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

243

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

114.0%

(continued)

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

(a)(b)

662

38,118

Lam

Research

Corp.

(a)

277

59,184

Lamar

Advertising

Co.,

Class

A,

REIT

(a)(b)

499

63,203

Lamb

Weston

Holdings,

Inc.

(a)(b)

665

28,103

Landstar

System,

Inc.

(a)

175

28,054

Las

Vegas

Sands

Corp.

(a)

133

7,166

Leidos

Holdings,

Inc.

(a)(b)

113

17,574

Leonardo

DRS,

Inc.

(a)

99

4,407

Lincoln

Electric

Holdings,

Inc.

(a)(b)

199

49,567

Lineage,

Inc.,

REIT

(a)

777

25,455

Littelfuse,

Inc.

(a)(b)

170

57,690

LivaNova

plc

*(a)

427

27,140

Lockheed

Martin

Corp.

(a)

247

149,284

Louisiana-Pacific

Corp.

(a)(b)

76

5,529

Lowe's

Cos.,

Inc.

(a)(b)

173

40,876

Lumentum

Holdings,

Inc.

*(a)(b)

61

42,868

LyondellBasell

Industries

NV,

Class

A

(a)(b)

2,050

165,147

Manhattan

Associates,

Inc.

*(a)(b)

273

36,342

MarketAxess

Holdings,

Inc.

(a)(b)

751

123,900

Marsh

&

McLennan

Cos.,

Inc.

(a)(b)

530

91,929

Matador

Resources

Co.

(a)(b)

357

22,555

Match

Group,

Inc.

(a)

744

22,848

McKesson

Corp.

(a)

17

14,711

Medical

Properties

Trust,

Inc.,

REIT

(a)(b)

7,895

36,554

Medpace

Holdings,

Inc.

*(a)(b)

132

63,385

Merck

&

Co.,

Inc.

(a)

1,085

130,515

Mettler-Toledo

International,

Inc.

*(a)

31

39,097

MGIC

Investment

Corp.

(a)

1,825

47,906

MGM

Resorts

International

*(a)(b)

2,213

81,903

Microchip

Technology,

Inc.

(a)(b)

1,037

67,001

Micron

Technology,

Inc.

(a)(b)

307

103,717

Microsoft

Corp.

(a)

717

265,411

Mohawk

Industries,

Inc.

*(a)(b)

853

83,986

Molina

Healthcare,

Inc.

*(a)(b)

649

86,512

MongoDB,

Inc.,

Class

A

*(a)(b)

176

43,080

Morningstar,

Inc.

(a)

121

20,455

Mosaic

Co.

(The)

(a)(b)

612

15,606

MSCI,

Inc.,

Class

A

(a)

169

91,093

Mueller

Industries,

Inc.

(a)(b)

900

99,720

Murphy

USA,

Inc.

(a)(b)

64

31,614

Nasdaq,

Inc.

(a)(b)

850

72,157

Natera,

Inc.

*(a)(b)

389

77,796

National

Fuel

Gas

Co.

(a)(b)

405

38,054

Nestle

SA

(Registered)

(2)(a)

1,601

157,044

Neurocrine

Biosciences,

Inc.

*(a)

786

103,548

New

York

Times

Co.

(The),

Class

A

(a)(b)

1,599

133,884

Newell

Brands,

Inc.

(a)(b)

7,813

26,799

Newmont

Corp.

(a)

494

53,476

Nexstar

Media

Group,

Inc.,

Class

A

(a)(b)

124

22,423

Novartis

AG

(Registered)

(2)(a)

1,530

234,845

Nucor

Corp.

(a)

85

14,374

Nutanix,

Inc.,

Class

A

*(a)

2,231

84,800

NVIDIA

Corp.

(a)(b)

25

4,360

INVESTMENTS

SHARES

VALUE

($)

United

States

-

114.0%

(continued)

Occidental

Petroleum

Corp.

(a)

2,313

150,345

Old

Dominion

Freight

Line,

Inc.

(a)

(b)

152

29,701

Old

National

Bancorp

(a)(b)

595

13,150

Old

Republic

International

Corp.

(a)(b)

1,968

78,523

Ollie's

Bargain

Outlet

Holdings,

Inc.

*(a)(b)

46

4,234

Omega

Healthcare

Investors,

Inc.,

REIT

(a)(b)

633

27,738

Omnicom

Group,

Inc.

(a)(b)

897

67,553

OneMain

Holdings,

Inc.

(a)

1,225

65,525

Onto

Innovation,

Inc.

*(a)

27

5,537

Ovintiv,

Inc.

(a)

727

43,155

Owens

Corning

(a)(b)

857

92,745

PACCAR,

Inc.

(a)

261

30,146

Packaging

Corp.

of

America

(a)(b)

235

49,872

Palantir

Technologies,

Inc.,

Class

A

*(a)(b)

77

11,264

Park

Hotels

&

Resorts,

Inc.,

REIT

(a)(b)

893

9,403

Paylocity

Holding

Corp.

*(a)

586

63,311

PBF

Energy,

Inc.,

Class

A

(a)(b)

695

33,096

PepsiCo,

Inc.

(a)(b)

723

112,275

PG&E

Corp.

(a)

14,814

260,281

Philip

Morris

International,

Inc.

(a)

(b)

958

158,396

Phillips

66

(a)

581

105,847

Pinnacle

Financial

Partners,

Inc.

(a)(b)

812

69,946

Pinterest,

Inc.,

Class

A

*(a)(b)

2,785

51,077

PNC

Financial

Services

Group,

Inc.

(The)

(a)(b)

1,036

215,580

Polaris,

Inc.

(a)(b)

271

14,770

Popular,

Inc.

(a)(b)

340

45,618

Portland

General

Electric

Co.

(a)

1,621

85,540

Principal

Financial

Group,

Inc.

(a)

446

40,189

Procore

Technologies,

Inc.

*(a)(b)

1,366

77,862

Progressive

Corp.

(The)

(a)

289

57,291

Prologis,

Inc.,

REIT

(a)(b)

751

99,267

Prosperity

Bancshares,

Inc.

(a)(b)

1,961

131,740

Ralph

Lauren

Corp.,

Class

A

(a)

119

40,935

Regeneron

Pharmaceuticals,

Inc.

(a)

132

101,988

Reinsurance

Group

of

America,

Inc.

(a)

387

79,010

RenaissanceRe

Holdings

Ltd.

(a)(b)

113

33,587

Reynolds

Consumer

Products,

Inc.

(a)(b)

1,548

32,787

Robert

Half,

Inc.

(a)(b)

1,162

29,515

ROBLOX

Corp.,

Class

A

*(a)

1,109

62,725

Roche

Holding

AG

(2)(a)

158

63,056

Roivant

Sciences

Ltd.

*(a)

645

17,867

Roku,

Inc.,

Class

A

*(a)

400

37,848

Roper

Technologies,

Inc.

(a)

192

67,941

Ross

Stores,

Inc.

(a)

200

43,326

Royal

Caribbean

Cruises

Ltd.

(a)(b)

148

40,727

Rubrik,

Inc.,

Class

A

*(a)(b)

250

12,243

Ryder

System,

Inc.

(a)

141

28,864

S&P

Global,

Inc.

(a)

345

146,742

244

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

114.0%

(continued)

Sabra

Health

Care

REIT,

Inc.,

REIT

(a)(b)

1,669

32,095

Saia,

Inc.

*(a)(b)

64

22,482

Salesforce,

Inc.

(a)

677

126,376

Sandisk

Corp.

*(a)(b)

103

65,440

Sanofi

SA

(2)(a)

2,038

196,808

Sarepta

Therapeutics,

Inc.

*(a)(b)

1,048

22,804

Science

Applications

International

Corp.

(a)

504

47,840

Seagate

Technology

Holdings

plc

(a)(b)

188

73,651

Selective

Insurance

Group,

Inc.

(a)

1,405

105,923

Sempra

(a)(b)

201

19,531

SentinelOne,

Inc.,

Class

A

*(a)

3,147

40,533

Service

Corp.

International

(a)(b)

161

13,284

ServiceNow,

Inc.

*(a)

92

9,619

Simon

Property

Group,

Inc.,

REIT

(a)

57

10,632

Simpson

Manufacturing

Co.,

Inc.

(a)

195

33,466

SiteOne

Landscape

Supply,

Inc.

*(a)

435

57,903

Skyworks

Solutions,

Inc.

(a)(b)

700

37,485

Smurfit

Westrock

plc

(a)(b)

3,024

120,506

Snap,

Inc.,

Class

A

*(a)(b)

9,370

43,102

Snowflake,

Inc.,

Class

A

*(a)(b)

624

94,112

Sonoco

Products

Co.

(a)(b)

771

41,703

Sotera

Health

Co.

*(a)

1,870

26,816

SOUTHSTATE

BANK

Corp.

(a)

459

42,467

Sprouts

Farmers

Market,

Inc.

*(a)

(b)

550

42,422

State

Street

Corp.

(a)

144

18,225

STERIS

plc

(a)(b)

106

23,440

Stifel

Financial

Corp.

(a)

1,779

131,504

Stryker

Corp.

(a)

256

84,119

Sunbelt

Rentals

Holdings,

Inc.

(2)

644

41,082

Synaptics,

Inc.

*(a)(b)

81

5,673

Synchrony

Financial

(a)

390

26,528

Tapestry,

Inc.

(a)

729

102,869

Target

Corp.

(a)

528

63,994

Taylor

Morrison

Home

Corp.,

Class

A

*(a)

537

31,275

TD

SYNNEX

Corp.

(a)(b)

474

79,969

Tenet

Healthcare

Corp.

*(a)(b)

347

65,482

Teradata

Corp.

*(a)(b)

434

11,123

Teradyne,

Inc.

(a)

180

53,363

Texas

Capital

Bancshares,

Inc.

*(a)

797

75,619

Texas

Pacific

Land

Corp.

(a)(b)

48

22,779

Texas

Roadhouse,

Inc.,

Class

A

(a)

(b)

350

57,799

Textron,

Inc.

(a)(b)

968

84,758

TJX

Cos.,

Inc.

(The)

(a)

1,155

184,453

T-Mobile

US,

Inc.

(a)

243

51,037

Toll

Brothers,

Inc.

(a)(b)

407

55,543

Toro

Co.

(The)

(a)

549

51,299

Trade

Desk,

Inc.

(The),

Class

A

*(a)

(b)

1,504

34,126

Tradeweb

Markets,

Inc.,

Class

A

(a)

230

27,062

TransUnion

(a)(b)

407

28,160

Travel

+

Leisure

Co.

(a)

152

10,517

Travelers

Cos.,

Inc.

(The)

(a)

357

104,130

INVESTMENTS

SHARES

VALUE

($)

United

States

-

114.0%

(continued)

Trex

Co.,

Inc.

*(a)(b)

1,971

71,784

Truist

Financial

Corp.

(a)(b)

1,498

68,863

Tyson

Foods,

Inc.,

Class

A

(a)(b)

2,753

176,384

UDR,

Inc.,

REIT

(a)(b)

1,092

36,888

Ulta

Beauty,

Inc.

*(a)

23

12,022

Ultragenyx

Pharmaceutical,

Inc.

*(a)(b)

1,733

36,306

Union

Pacific

Corp.

(a)(b)

256

62,111

United

Airlines

Holdings,

Inc.

*(a)

698

64,265

United

Parcel

Service,

Inc.,

Class

B

(a)(b)

729

71,719

United

Therapeutics

Corp.

*(a)

114

67,600

Universal

Health

Services,

Inc.,

Class

B

(a)

132

23,624

Valmont

Industries,

Inc.

(a)

19

7,592

Ventas,

Inc.,

REIT

(a)(b)

1,388

113,511

VeriSign,

Inc.

(a)(b)

304

75,501

Versant

Media

Group,

Inc.

*(a)

1,129

41,796

Vertex

Pharmaceuticals,

Inc.

*(a)(b)

48

21,434

Vertiv

Holdings

Co.,

Class

A

(a)

157

39,341

VF

Corp.

(a)(b)

645

10,959

Viatris,

Inc.

(a)(b)

2,805

37,896

Viking

Holdings

Ltd.

*(a)

1,059

77,815

Vontier

Corp.

(a)

365

12,947

Walmart,

Inc.

(a)(b)

1,249

155,226

Watts

Water

Technologies,

Inc.,

Class

A

(a)

79

22,933

Weatherford

International

plc

(a)(b)

421

39,818

WESCO

International,

Inc.

(a)(b)

159

43,506

West

Pharmaceutical

Services,

Inc.

(a)

90

22,558

Western

Digital

Corp.

(a)(b)

291

78,713

Westinghouse

Air

Brake

Technologies

Corp.

(a)

436

108,961

Woodward,

Inc.

(a)

81

28,992

Workday,

Inc.,

Class

A

*(a)(b)

34

4,417

Xylem,

Inc.

(a)(b)

36

4,302

Zions

Bancorp

NA

(a)

233

13,425

Zoetis,

Inc.,

Class

A

(a)

158

18,677

Zoom

Communications,

Inc.,

Class

A

*(a)

368

29,584

Zscaler,

Inc.

*(a)(b)

289

40,544

24,148,806

TOTAL

COMMON

STOCKS

(Cost

$35,556,944)

40,129,553

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

1

.0

%

U.S.

Treasury

Inflation-Linked

Notes

1.88%,

7/15/2035

(2)(d)(e)

(Cost

$202,034)

$

202,588

201,592

Cost:

$202,034

$–

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

245

(Continued)

INVESTMENTS

NO.

OF

RIGHTS

VALUE

($)

RIGHTS

-

0.0%

Italy

-

0

.0

%

Telecom

Italia

SpA,

expiring

4/1/2026

(2)*

(Cost

$–)

43,969

–

SHARES

SHORT-TERM

INVESTMENTS

-

69.0%

INVESTMENT

COMPANIES

-

31

.2

%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(f)(g)

453,239

453,239

Limited

Purpose

Cash

Investment

Fund,

3.65%

(f)

6,145,531

6,145,531

TOTAL

INVESTMENT

COMPANIES

(Cost

$6,598,645)

6,598,770

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

37

.8

%

U.S.

Treasury

Bills

3.77%,

4/9/2026

(2)(h)

$

2,208,000

2,206,228

3.71%,

4/30/2026

(2)(h)

990,000

987,105

3.77%,

5/7/2026

(2)(h)

2,289,000

2,280,663

3.76%,

5/14/2026

(2)(h)

1,210,000

1,204,739

3.56%,

6/18/2026

(2)(h)

874,000

867,188

3.55%,

7/16/2026

(2)(h)

476,000

470,970

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$8,016,969)

8,016,893

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$14,615,614)

14,615,663

NO.

OF

CONTRACTS

PURCHASED

OPTIONS

-

0.2%

Put

Option

s

-

0

.2

%

Over-the-Counter

Equity

Index

Options

-

0

.2

%

S&P

500

Index

JPMC

Exercise

Price:

USD

6,500

Notional

Amount:

USD

1,305,704

Expiration

Date:

6/18/2026

(2)

2

44,519

NOTIONAL

AMOUNT

Interest

Rate

Swaptions

-

0

.0

%

†

2-Year

Interest

Rate

Swap,

Pays

SOFR

Quarterly,

Receives

3.23%

Quarterly

JPMC

Exercise

Rate:

3.23%

Expiration

Date:

6/17/2026

(2)

$

2,161,845

4,023

TOTAL

PURCHASED

OPTIONS

(Cost

$45,089)

48,542

TOTAL

LONG

POSITIONS

(Cost

$50,419,681)

54,995,350

INVESTMENTS

SHARES

VALUE

($)

SHORT

POSITIONS

-

(186.3)%

COMMON

STOCKS

-

(185.5)%

Australia

-

(

4

.8

)

%

Ampol

Ltd.

(2)

(

592

)

(

13,731

)

APA

Group

(2)

(

778

)

(

5,359

)

Atlas

Arteria

Ltd.

(2)

(

7,356

)

(

21,815

)

Cleanaway

Waste

Management

Ltd.

(2)

(

2,683

)

(

4,249

)

Cochlear

Ltd.

(2)

(

581

)

(

68,367

)

Commonwealth

Bank

of

Australia

(2)

(

229

)

(

26,817

)

CSL

Ltd.

(2)

(

320

)

(

31,430

)

Domino's

Pizza

Enterprises

Ltd.

(2)

(

547

)

(

6,195

)

Dyno

Nobel

Ltd.

(2)

(

4,907

)

(

10,685

)

Endeavour

Group

Ltd.

(2)

(

6,532

)

(

14,786

)

IDP

Education

Ltd.

(2)

(

2,581

)

(

7,390

)

Insurance

Australia

Group

Ltd.

(

956

)

(

4,841

)

Liontown

Ltd.

(2)

(

33,044

)

(

40,332

)

Lynas

Rare

Earths

Ltd.

(2)

(

9,833

)

(

133,508

)

Macquarie

Group

Ltd.

(2)

(

207

)

(

29,406

)

Medibank

Pvt

Ltd.

(2)

(

4,600

)

(

13,919

)

New

Hope

Corp.

Ltd.

(2)

(

7,877

)

(

32,178

)

NEXTDC

Ltd.

(2)

(

4,749

)

(

37,968

)

PLS

Group

Ltd.

(2)

(

14,890

)

(

54,520

)

Qantas

Airways

Ltd.

(2)

(

3,908

)

(

22,957

)

Ramsay

Health

Care

Ltd.

(2)

(

1,375

)

(

37,398

)

REA

Group

Ltd.

(2)

(

106

)

(

11,613

)

Reece

Ltd.

(2)

(

1,487

)

(

13,837

)

Rio

Tinto

plc

(2)

(

78

)

(

7,236

)

Santos

Ltd.

(2)

(

13,780

)

(

75,426

)

SGH

Ltd.

(2)

(

992

)

(

28,223

)

Telix

Pharmaceuticals

Ltd.

(2)

(

4,156

)

(

39,790

)

Transurban

Group

(2)

(

2,729

)

(

26,621

)

Treasury

Wine

Estates

Ltd.

(2)

(

27,282

)

(

70,409

)

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(2)

(

1,393

)

(

39,147

)

WiseTech

Global

Ltd.

(2)

(

1,679

)

(

45,300

)

Woolworths

Group

Ltd.

(2)

(

1,336

)

(

33,737

)

(1,009,190)

Belgium

-

(

0

.7

)

%

Anheuser-Busch

InBev

SA/NV

(2)

(

81

)

(

5,604

)

D'ieteren

Group

(2)

(

263

)

(

48,695

)

Elia

Group

SA/NV

(2)

(

51

)

(

7,834

)

Financiere

de

Tubize

SA

(2)

(

46

)

(

11,411

)

Lotus

Bakeries

NV

(2)

(

1

)

(

11,291

)

UCB

SA

(2)

(

183

)

(

55,137

)

(139,972)

Brazil

-

(

0

.3

)

%

MercadoLibre,

Inc.

(

38

)

(

65,703

)

Canada

-

(

5

.3

)

%

Alimentation

Couche-Tard,

Inc.

(

691

)

(

39,167

)

AtkinsRealis

Group,

Inc.

(

686

)

(

44,136

)

Barrick

Mining

Corp.

(

374

)

(

15,284

)

BCE,

Inc.

(

728

)

(

18,369

)

Bombardier,

Inc.,

Class

B

(

220

)

(

38,908

)

Brookfield

Asset

Management

Ltd.,

Class

A

(

742

)

(

32,990

)

Brookfield

Renewable

Corp.

(

115

)

(

4,583

)

246

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Canada

-

(5.3)%

(continued)

CAE,

Inc.

(

875

)

(

22,782

)

Cameco

Corp.

(

274

)

(

29,797

)

Canadian

Imperial

Bank

of

Commerce

(

489

)

(

46,344

)

Canadian

Tire

Corp.

Ltd.,

Class

A

(

337

)

(

45,321

)

Capstone

Copper

Corp.

(

2,977

)

(

22,449

)

CGI,

Inc.

(

60

)

(

4,386

)

Descartes

Systems

Group,

Inc.

(The)

(

75

)

(

5,372

)

Dollarama,

Inc.

(

191

)

(

23,441

)

Element

Fleet

Management

Corp.

(

422

)

(

9,152

)

Enbridge,

Inc.

(

2,036

)

(

110,369

)

Equinox

Gold

Corp.

(

1,736

)

(

25,071

)

Finning

International,

Inc.

(

108

)

(

6,683

)

Gildan

Activewear,

Inc.

(

200

)

(

11,138

)

Hydro

One

Ltd.

(c)

(

1,176

)

(

48,567

)

Keyera

Corp.

(

1,322

)

(

51,137

)

Kinross

Gold

Corp.

(

1,385

)

(

42,344

)

Manulife

Financial

Corp.

(

130

)

(

4,478

)

National

Bank

of

Canada

(

224

)

(

28,986

)

NexGen

Energy

Ltd.

(

945

)

(

10,964

)

Open

Text

Corp.

(

1,452

)

(

32,357

)

RB

Global,

Inc.

(

131

)

(

12,563

)

Restaurant

Brands

International,

Inc.

(

464

)

(

34,336

)

Rogers

Communications,

Inc.,

Class

B

(

2,702

)

(

103,916

)

Shopify,

Inc.,

Class

A

(

232

)

(

27,528

)

TC

Energy

Corp.

(

2,386

)

(

149,411

)

Thomson

Reuters

Corp.

(

178

)

(

16,066

)

WSP

Global,

Inc.

(

80

)

(

12,451

)

(1,130,846)

Chile

-

(

0

.1

)

%

Lundin

Mining

Corp.

(

1,190

)

(

29,675

)

China

-

(

0

.1

)

%

Prosus

NV

(2)

(

280

)

(

12,963

)

Congo,

Democratic

Republic

of

the

-

(

0

.1

)

%

Ivanhoe

Mines

Ltd.,

Class

A

(

1,772

)

(

15,146

)

Denmark

-

(

1

.9

)

%

Carlsberg

A/S,

Class

B

(

583

)

(

72,429

)

Coloplast

A/S,

Class

B

(2)

(

70

)

(

4,768

)

Demant

A/S

(2)

(

1,228

)

(

37,213

)

DSV

A/S

(2)

(

477

)

(

115,200

)

NKT

A/S

(2)

(

68

)

(

8,852

)

Novo

Nordisk

A/S,

Class

B

(2)

(

692

)

(

25,323

)

Novonesis

Novozymes,

Class

B

(2)

(

1,592

)

(

94,583

)

Tryg

A/S

(

1,492

)

(

35,562

)

(393,930)

Finland

-

(

0

.2

)

%

Kesko

OYJ,

Class

B

(2)

(

825

)

(

18,322

)

Metso

OYJ

(2)

(

358

)

(

6,204

)

Orion

OYJ,

Class

B

(2)

(

301

)

(

24,329

)

(48,855)

INVESTMENTS

SHARES

VALUE

($)

France

-

(

5

.8

)

%

Accor

SA

(2)

(

1,314

)

(

63,024

)

Air

Liquide

SA

(2)

(

481

)

(

99,422

)

Airbus

SE

(2)

(

188

)

(

35,546

)

AXA

SA

(2)

(

838

)

(

38,507

)

BioMerieux

(2)

(

428

)

(

45,725

)

Bollore

SE

(2)

(

1,223

)

(

6,993

)

Capgemini

SE

(2)

(

427

)

(

50,385

)

Cie

de

Saint-Gobain

SA

(2)

(

776

)

(

64,248

)

Cie

Generale

des

Etablissements

Michelin

SCA

(2)

(

1,943

)

(

66,565

)

Danone

SA

(2)

(

776

)

(

62,008

)

Dassault

Systemes

SE

(2)

(

2,172

)

(

43,971

)

Engie

SA

(2)

(

4,113

)

(

132,551

)

EssilorLuxottica

SA

(2)

(

282

)

(

65,713

)

FDJ

UNITED

(2)

(

1,524

)

(

44,850

)

Getlink

SE

(2)

(

1,401

)

(

30,232

)

L'Oreal

SA

(2)

(

90

)

(

36,746

)

Pernod

Ricard

SA

(2)

(

941

)

(

69,975

)

Publicis

Groupe

SA

(2)

(

644

)

(

53,304

)

Remy

Cointreau

SA

(2)

(

434

)

(

18,767

)

Sodexo

SA

(2)

(

948

)

(

48,663

)

SPIE

SA

(2)

(

1,653

)

(

82,775

)

Technip

Energies

NV

(2)

(

486

)

(

20,537

)

Teleperformance

SE

(2)

(

472

)

(

27,736

)

Veolia

Environnement

SA

(2)

(

370

)

(

14,092

)

(1,222,335)

Germany

-

(

5

.0

)

%

BASF

SE

(2)

(

3,319

)

(

204,420

)

Bayerische

Motoren

Werke

AG

(2)

(

792

)

(

73,265

)

Beiersdorf

AG

(2)

(

251

)

(

22,562

)

Carl

Zeiss

Meditec

AG

(2)

(

209

)

(

6,007

)

CTS

Eventim

AG

&

Co.

KGaA

(2)

(

855

)

(

50,078

)

Deutsche

Post

AG

(2)

(

593

)

(

31,255

)

Hannover

Rueck

SE

(2)

(

122

)

(

38,357

)

Heidelberg

Materials

AG

(2)

(

278

)

(

58,668

)

Hensoldt

AG

(2)

(

794

)

(

70,468

)

HOCHTIEF

AG

(2)

(

29

)

(

13,191

)

Infineon

Technologies

AG

(2)

(

1,891

)

(

85,787

)

Merck

KGaA

(2)

(

447

)

(

56,793

)

MTU

Aero

Engines

AG

(2)

(

243

)

(

88,651

)

RENK

Group

AG

(2)

(

455

)

(

27,196

)

SAP

SE

(2)

(

421

)

(

71,773

)

Siemens

AG

(Registered)

(2)

(

288

)

(

70,167

)

Symrise

AG,

Class

A

(2)

(

501

)

(

42,781

)

TeamViewer

SE

(2)(c)

(

3,560

)

(

18,454

)

Zalando

SE

(2)(c)

(

1,509

)

(

36,866

)

(1,066,739)

Italy

-

(

3

.2

)

%

Azimut

Holding

SpA

(2)

(

1,053

)

(

40,011

)

Banca

Monte

dei

Paschi

di

Siena

SpA

(2)

(

5,631

)

(

49,133

)

BPER

Banca

SpA

(2)

(

12,901

)

(

169,071

)

Brunello

Cucinelli

SpA

(2)

(

474

)

(

41,425

)

Coca-Cola

HBC

AG

(2)

(

697

)

(

39,261

)

DiaSorin

SpA

(2)

(

164

)

(

11,490

)

ERG

SpA

(2)

(

384

)

(

9,804

)

Ferrari

NV

(2)

(

266

)

(

90,255

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

247

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Italy

-

(3.2)%

(continued)

Infrastrutture

Wireless

Italiane

SpA

(2)(c)

(

1,896

)

(

15,131

)

Italgas

SpA

(2)

(

7,402

)

(

86,226

)

Technoprobe

SpA

(2)

(

1,020

)

(

17,094

)

Terna

-

Rete

Elettrica

Nazionale

(2)

(

5,466

)

(

62,517

)

Unipol

Assicurazioni

SpA

(2)

(

2,248

)

(

52,221

)

(683,639)

Ivory

Coast

-

(

0

.0

)

%

†

Endeavour

Mining

plc

(2)

(

158

)

(

9,519

)

Japan

-

(

25

.0

)

%

ABC-Mart,

Inc.

(

300

)

(

4,774

)

Aeon

Co.

Ltd.

(2)

(

3,100

)

(

37,063

)

Asics

Corp.

(2)

(

2,300

)

(

61,836

)

Azbil

Corp.

(2)

(

4,200

)

(

36,698

)

Bandai

Namco

Holdings,

Inc.

(2)

(

400

)

(

9,868

)

Bridgestone

Corp.

(2)

(

2,000

)

(

41,677

)

Capcom

Co.

Ltd.

(2)

(

2,700

)

(

57,056

)

Chiba

Bank

Ltd.

(The)

(2)

(

10,500

)

(

135,917

)

Chugai

Pharmaceutical

Co.

Ltd.

(2)

(

1,600

)

(

88,238

)

CyberAgent,

Inc.

(2)

(

1,900

)

(

16,255

)

Daifuku

Co.

Ltd.

(2)

(

1,000

)

(

35,309

)

Daikin

Industries

Ltd.

(2)

(

200

)

(

23,989

)

Daiwa

Securities

Group,

Inc.

(2)

(

5,900

)

(

55,905

)

Disco

Corp.

(2)

(

100

)

(

40,758

)

East

Japan

Railway

Co.

(2)

(

1,800

)

(

41,169

)

Ebara

Corp.

(2)

(

4,500

)

(

127,387

)

Fuji

Electric

Co.

Ltd.

(2)

(

1,100

)

(

77,057

)

FUJIFILM

Holdings

Corp.

(2)

(

1,200

)

(

22,867

)

Fujikura

Ltd.

(2)

(

600

)

(

16,501

)

Hankyu

Hanshin

Holdings,

Inc.

(2)

(

900

)

(

26,024

)

Hikari

Tsushin,

Inc.

(2)

(

200

)

(

50,882

)

Hirose

Electric

Co.

Ltd.

(2)

(

300

)

(

39,274

)

Hitachi

Construction

Machinery

Co.

Ltd.

(2)

(

1,700

)

(

58,373

)

Hitachi

Ltd.

(2)

(

900

)

(

26,402

)

Ibiden

Co.

Ltd.

(2)

(

2,100

)

(

105,085

)

Idemitsu

Kosan

Co.

Ltd.

(2)

(

700

)

(

6,872

)

IHI

Corp.

(2)

(

5,000

)

(

103,165

)

Inpex

Corp.

(2)

(

2,700

)

(

79,865

)

Isuzu

Motors

Ltd.

(2)

(

3,200

)

(

46,082

)

ITOCHU

Corp.

(2)

(

7,500

)

(

95,404

)

Japan

Post

Insurance

Co.

Ltd.

(2)

(

3,300

)

(

33,282

)

Kansai

Electric

Power

Co.,

Inc.

(The)

(2)

(

2,800

)

(

46,553

)

Kawasaki

Heavy

Industries

Ltd.

(2)

(

4,500

)

(

84,632

)

Kawasaki

Kisen

Kaisha

Ltd.

(2)

(

500

)

(

8,445

)

KDDI

Corp.

(2)

(

3,600

)

(

61,296

)

Keyence

Corp.

(2)

(

200

)

(

71,181

)

Kikkoman

Corp.

(2)

(

4,700

)

(

42,670

)

Kinden

Corp.

(2)

(

300

)

(

13,497

)

Kioxia

Holdings

Corp.

(2)

(

100

)

(

13,060

)

Kokusai

Electric

Corp.

(2)

(

1,200

)

(

40,578

)

Konami

Group

Corp.

(2)

(

400

)

(

49,291

)

Kubota

Corp.

(2)

(

6,000

)

(

96,151

)

Kyocera

Corp.

(2)

(

1,600

)

(

24,534

)

Kyowa

Kirin

Co.

Ltd.

(2)

(

300

)

(

4,910

)

Lasertec

Corp.

(2)

(

600

)

(

133,543

)

M3,

Inc.

(2)

(

11,400

)

(

117,014

)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(25.0)%

(continued)

Makita

Corp.

(2)

(

1,500

)

(

49,300

)

McDonald's

Holdings

Co.

Japan

Ltd.

(2)

(

100

)

(

5,227

)

Mebuki

Financial

Group,

Inc.

(2)

(

900

)

(

7,019

)

MEIJI

Holdings

Co.

Ltd.

(2)

(

2,000

)

(

48,775

)

Mitsubishi

HC

Capital,

Inc.

(2)

(

9,700

)

(

87,039

)

Mitsubishi

Heavy

Industries

Ltd.

(2)

(

1,700

)

(

46,710

)

Mitsui

&

Co.

Ltd.

(2)

(

1,700

)

(

65,710

)

Mitsui

Kinzoku

Co.

Ltd.

(2)

(

400

)

(

75,874

)

MonotaRO

Co.

Ltd.

(2)

(

5,000

)

(

54,198

)

MS&AD

Insurance

Group

Holdings,

Inc.

(2)

(

700

)

(

18,267

)

NIDEC

Corp.

(2)

(

800

)

(

10,159

)

Nintendo

Co.

Ltd.

(2)

(

1,200

)

(

68,503

)

Nippon

Paint

Holdings

Co.

Ltd.

(2)

(

12,000

)

(

75,247

)

Nippon

Sanso

Holdings

Corp.

(2)

(

3,900

)

(

138,287

)

Nissan

Motor

Co.

Ltd.

(2)

(

6,000

)

(

13,004

)

Nissin

Foods

Holdings

Co.

Ltd.

(2)

(

2,900

)

(

55,041

)

Nitori

Holdings

Co.

Ltd.

(2)

(

1,500

)

(

23,831

)

Nitto

Denko

Corp.

(2)

(

3,100

)

(

62,013

)

Nomura

Research

Institute

Ltd.

(2)

(

2,900

)

(

79,366

)

NTT,

Inc.

(2)

(

71,800

)

(

71,834

)

Olympus

Corp.

(2)

(

13,500

)

(

128,619

)

Oriental

Land

Co.

Ltd.

(2)

(

4,700

)

(

79,993

)

Osaka

Gas

Co.

Ltd.

(2)

(

400

)

(

16,202

)

Otsuka

Holdings

Co.

Ltd.

(2)

(

100

)

(

7,097

)

Pan

Pacific

International

Holdings

Corp.

(2)

(

2,000

)

(

12,201

)

Rakuten

Bank

Ltd.

(2)

(

1,500

)

(

54,840

)

Ricoh

Co.

Ltd.

(2)

(

1,300

)

(

10,990

)

Ryohin

Keikaku

Co.

Ltd.

(2)

(

3,000

)

(

64,019

)

Sanrio

Co.

Ltd.

(2)

(

10,000

)

(

62,173

)

SCREEN

Holdings

Co.

Ltd.

(2)

(

2,200

)

(

131,067

)

Secom

Co.

Ltd.

(2)

(

200

)

(

7,618

)

Seibu

Holdings,

Inc.

(2)

(

500

)

(

13,969

)

Sekisui

House

Ltd.

(2)

(

3,600

)

(

80,665

)

SG

Holdings

Co.

Ltd.

(

5,300

)

(

49,375

)

Shimano,

Inc.

(2)

(

200

)

(

20,881

)

Skylark

Holdings

Co.

Ltd.

(2)

(

300

)

(

6,467

)

SoftBank

Group

Corp.

(2)

(

4,000

)

(

97,399

)

Sumitomo

Forestry

Co.

Ltd.

(2)

(

1,800

)

(

16,378

)

Sumitomo

Mitsui

Financial

Group,

Inc.

(2)

(

3,400

)

(

111,793

)

Suntory

Beverage

&

Food

Ltd.

(2)

(

1,000

)

(

28,240

)

Suzuki

Motor

Corp.

(2)

(

7,900

)

(

96,291

)

T&D

Holdings,

Inc.

(2)

(

1,800

)

(

46,106

)

Taisei

Corp.

(2)

(

400

)

(

41,441

)

Takeda

Pharmaceutical

Co.

Ltd.

(2)

(

700

)

(

25,780

)

TDK

Corp.

(2)

(

3,100

)

(

40,270

)

TIS,

Inc.

(2)

(

1,500

)

(

32,072

)

Toei

Animation

Co.

Ltd.

(2)

(

400

)

(

6,585

)

Toho

Co.

Ltd.

(

5,800

)

(

60,922

)

Tokio

Marine

Holdings,

Inc.

(2)

(

900

)

(

42,247

)

Tokyo

Ohka

Kogyo

Co.

Ltd.

(2)

(

100

)

(

4,894

)

Toray

Industries,

Inc.

(2)

(

1,500

)

(

10,684

)

Toyo

Suisan

Kaisha

Ltd.

(2)

(

700

)

(

49,228

)

Toyota

Industries

Corp.

(2)

(

495

)

(

64,013

)

Trend

Micro,

Inc.

(2)

(

1,400

)

(

46,671

)

Yakult

Honsha

Co.

Ltd.

(2)

(

3,100

)

(

51,873

)

Yamaha

Motor

Co.

Ltd.

(2)

(

18,000

)

(

130,039

)

248

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(25.0)%

(continued)

Yaskawa

Electric

Corp.

(2)

(

1,000

)

(

26,412

)

Yokohama

Rubber

Co.

Ltd.

(The)

(2)

(

400

)

(

15,347

)

ZOZO,

Inc.

(2)

(

1,000

)

(

7,003

)

(5,261,657)

Kazakhstan

-

(

0

.1

)

%

Freedom

Holding

Corp.

(

176

)

(

25,499

)

Luxembourg

-

(

0

.7

)

%

ArcelorMittal

SA

(2)

(

2,347

)

(

121,719

)

CVC

Capital

Partners

plc

(2)(c)

(

2,255

)

(

29,440

)

(151,159)

Mexico

-

(

0

.1

)

%

Fresnillo

plc

(2)

(

676

)

(

29,964

)

Netherlands

-

(

0

.9

)

%

Adyen

NV

(2)(c)

(

66

)

(

66,056

)

Arcadis

NV

(2)

(

161

)

(

5,151

)

Koninklijke

Ahold

Delhaize

NV

(

1,190

)

(

55,417

)

Koninklijke

Vopak

NV

(2)

(

335

)

(

18,132

)

Universal

Music

Group

NV

(2)

(

2,246

)

(

43,597

)

(188,353)

Norway

-

(

0

.9

)

%

Aker

BP

ASA

(2)

(

2,284

)

(

84,437

)

DNB

Bank

ASA

(2)

(

2,207

)

(

69,054

)

Equinor

ASA

(2)

(

109

)

(

4,644

)

Frontline

plc

(2)

(

586

)

(

20,589

)

Orkla

ASA

(2)

(

1,315

)

(

16,549

)

(195,273)

Portugal

-

(

0

.2

)

%

Jeronimo

Martins

SGPS

SA

(2)

(

2,019

)

(

48,277

)

Singapore

-

(

0

.8

)

%

CapitaLand

Investment

Ltd.

(2)

(

3,600

)

(

7,663

)

Grab

Holdings

Ltd.,

Class

A

(

18,148

)

(

66,422

)

Keppel

Ltd.

(2)

(

1,900

)

(

17,503

)

Singapore

Airlines

Ltd.

(2)

(

2,700

)

(

13,923

)

Singapore

Technologies

Engineering

Ltd.

(2)

(

2,000

)

(

16,974

)

STMicroelectronics

NV

(2)

(

1,292

)

(

43,965

)

(166,450)

South

Africa

-

(

0

.2

)

%

Anglo

American

plc

(2)

(

1,182

)

(

50,750

)

South

Korea

-

(

0

.1

)

%

Delivery

Hero

SE

(2)(c)

(

1,234

)

(

22,929

)

Spain

-

(

2

.0

)

%

Acciona

SA

(2)

(

148

)

(

38,918

)

Amadeus

IT

Group

SA

(2)

(

524

)

(

29,963

)

Banco

Santander

SA

(2)

(

4,471

)

(

50,123

)

CaixaBank

SA

(2)

(

4,619

)

(

55,371

)

Endesa

SA

(

1,791

)

(

74,690

)

Indra

Sistemas

SA

(2)

(

1,398

)

(

78,135

)

Redeia

Corp.

SA

(2)

(

2,537

)

(

43,003

)

Telefonica

SA

(2)

(

11,357

)

(

49,693

)

(419,896)

INVESTMENTS

SHARES

VALUE

($)

Sweden

-

(

2

.7

)

%

AAK

AB

(2)

(

1,242

)

(

31,985

)

AddTech

AB,

Class

B

(2)

(

727

)

(

24,947

)

Assa

Abloy

AB,

Class

B

(2)

(

1,569

)

(

56,716

)

Atlas

Copco

AB,

Class

A

(2)

(

7,758

)

(

136,905

)

EQT

AB

(2)

(

198

)

(

6,143

)

Getinge

AB,

Class

B

(2)

(

733

)

(

14,797

)

Hexagon

AB,

Class

B

(2)

(

8,719

)

(

84,855

)

Lifco

AB,

Class

B

(2)

(

749

)

(

22,659

)

Nibe

Industrier

AB,

Class

B

(2)

(

2,094

)

(

8,750

)

Nordnet

AB

publ

(2)

(

231

)

(

7,522

)

Saab

AB,

Class

B

(2)

(

886

)

(

57,988

)

Securitas

AB,

Class

B

(2)

(

509

)

(

8,525

)

Skandinaviska

Enskilda

Banken

AB,

Class

A

(2)

(

2,366

)

(

43,721

)

SSAB

AB,

Class

B

(2)

(

2,024

)

(

15,955

)

Svenska

Cellulosa

AB

SCA,

Class

B

(2)

(

3,017

)

(

34,980

)

Trelleborg

AB,

Class

B

(2)

(

143

)

(

5,348

)

(561,796)

Switzerland

-

(

5

.0

)

%

Bachem

Holding

AG,

Class

B

(2)

(

334

)

(

27,560

)

Banque

Cantonale

Vaudoise

(Registered)

(2)

(

165

)

(

26,836

)

Barry

Callebaut

AG

(Registered)

(2)

(

5

)

(

8,793

)

Belimo

Holding

AG

(Registered)

(2)

(

63

)

(

51,165

)

Chocoladefabriken

Lindt

&

Spruengli

AG

(2)

(

1

)

(

14,042

)

Cie

Financiere

Richemont

SA

(Registered)

(2)

(

400

)

(

70,626

)

EMS-Chemie

Holding

AG

(Registered)

(2)

(

14

)

(

11,008

)

Galderma

Group

AG

(2)

(

192

)

(

37,734

)

Georg

Fischer

AG

(Registered)

(2)

(

609

)

(

31,418

)

Helvetia

Baloise

Holding

AG

(2)

(

51

)

(

13,199

)

Lonza

Group

AG

(Registered)

(2)

(

132

)

(

84,680

)

Partners

Group

Holding

AG

(2)

(

189

)

(

203,713

)

Sandoz

Group

AG

(2)

(

1,240

)

(

97,155

)

Schindler

Holding

AG

(2)

(

22

)

(

7,247

)

SIG

Group

AG

(2)

(

354

)

(

5,307

)

Sika

AG

(Registered)

(2)

(

50

)

(

8,276

)

Sonova

Holding

AG

(Registered)

(2)

(

56

)

(

12,769

)

Straumann

Holding

AG

(Registered)

(2)

(

426

)

(

44,569

)

Sulzer

AG

(Registered)

(2)

(

23

)

(

4,822

)

Swatch

Group

AG

(The)

(2)

(

88

)

(

19,427

)

Swiss

Life

Holding

AG

(Registered)

(2)

(

78

)

(

84,959

)

Swisscom

AG

(Registered)

(2)

(

191

)

(

160,281

)

Tecan

Group

AG

(Registered)

(2)

(

79

)

(

13,447

)

Temenos

AG

(Registered)

(2)

(

65

)

(

5,697

)

VAT

Group

AG

(2)(c)

(

18

)

(

11,229

)

Ypsomed

Holding

AG

(Registered)

(2)

(

30

)

(

10,517

)

(1,066,476)

United

Kingdom

-

(

7

.3

)

%

Aberdeen

Group

plc

(2)

(

2,043

)

(

5,176

)

Associated

British

Foods

plc

(2)

(

4,986

)

(

124,811

)

AstraZeneca

plc

(2)

(

399

)

(

78,020

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

249

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

(7.3)%

(continued)

Autotrader

Group

plc

(2)(c)

(

3,205

)

(

20,060

)

Aviva

plc

(2)

(

16,189

)

(

129,923

)

B&M

European

Value

Retail

plc

(2)

(

12,243

)

(

27,492

)

Babcock

International

Group

plc

(2)

(

4,462

)

(

69,271

)

BAE

Systems

plc

(2)

(

1,501

)

(

44,007

)

Bellway

plc

(2)

(

466

)

(

11,460

)

British

American

Tobacco

plc

(2)

(

765

)

(

44,415

)

BT

Group

plc

(2)

(

44,607

)

(

125,014

)

Bunzl

plc

(2)

(

2,673

)

(

80,472

)

Convatec

Group

plc

(2)(c)

(

5,781

)

(

16,675

)

DCC

plc

(2)

(

223

)

(

13,812

)

Diageo

plc

(2)

(

628

)

(

11,679

)

IMI

plc

(2)

(

350

)

(

11,907

)

J

Sainsbury

plc

(

19,990

)

(

89,695

)

Legal

&

General

Group

plc

(2)

(

8,295

)

(

27,260

)

M&G

plc

(2)

(

6,810

)

(

24,737

)

Man

Group

plc

(2)

(

1,311

)

(

4,414

)

Marks

&

Spencer

Group

plc

(2)

(

13,147

)

(

59,237

)

National

Grid

plc

(2)

(

2,971

)

(

50,151

)

Pearson

plc

(2)

(

2,219

)

(

29,255

)

Severn

Trent

plc

(2)

(

254

)

(

10,417

)

Smith

&

Nephew

plc

(2)

(

2,073

)

(

32,845

)

Smiths

Group

plc

(2)

(

497

)

(

15,167

)

SSE

plc

(2)

(

6,418

)

(

221,861

)

Standard

Chartered

plc

(2)

(

2,343

)

(

48,828

)

Tate

&

Lyle

plc

(

2,645

)

(

12,673

)

Unilever

plc

(2)

(

86

)

(

4,721

)

Weir

Group

plc

(The)

(2)

(

1,158

)

(

43,428

)

Whitbread

plc

(2)

(

918

)

(

28,224

)

Wise

plc,

Class

A

(2)

(

2,812

)

(

33,863

)

(1,550,970)

United

States

-

(

112

.0

)

%

A

O

Smith

Corp.

(

1,215

)

(

80,117

)

AAON,

Inc.

(

502

)

(

41,541

)

Abbott

Laboratories

(

1,702

)

(

174,743

)

AbbVie,

Inc.

(

943

)

(

205,092

)

Acadia

Healthcare

Co.,

Inc.

(

3,900

)

(

91,221

)

Acerinox

SA

(2)

(

830

)

(

11,604

)

Advanced

Micro

Devices,

Inc.

(

223

)

(

45,365

)

AECOM

(

467

)

(

39,611

)

Aegon

Ltd.

(2)

(

4,174

)

(

30,525

)

AeroVironment,

Inc.

(

190

)

(

34,780

)

AES

Corp.

(The)

(

312

)

(

4,396

)

Affirm

Holdings,

Inc.,

Class

A

(

475

)

(

21,765

)

Aflac,

Inc.

(

599

)

(

65,716

)

Agree

Realty

Corp.,

REIT

(

62

)

(

4,674

)

Air

Products

and

Chemicals,

Inc.

(

369

)

(

107,191

)

Alaska

Air

Group,

Inc.

(

1,548

)

(

56,935

)

Albertsons

Cos.,

Inc.,

Class

A

(

2,741

)

(

46,707

)

Allegion

plc

(

114

)

(

16,563

)

Alliant

Energy

Corp.

(

701

)

(

50,304

)

Allstate

Corp.

(The)

(

171

)

(

35,455

)

Ally

Financial,

Inc.

(

909

)

(

35,660

)

Alphabet,

Inc.,

Class

A

(

122

)

(

35,082

)

Altria

Group,

Inc.

(

1,313

)

(

86,645

)

Amcor

plc

(

1,001

)

(

39,790

)

Amentum

Holdings,

Inc.

(

1,104

)

(

28,792

)

American

Healthcare

REIT,

Inc.,

REIT

(

1,863

)

(

87,859

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(112.0)%

(continued)

American

Homes

4

Rent,

Class

A,

REIT

(

770

)

(

21,498

)

American

International

Group,

Inc.

(

61

)

(

4,590

)

Americold

Realty

Trust,

Inc.,

REIT

(

4,838

)

(

55,443

)

Amgen,

Inc.

(

155

)

(

54,537

)

Amkor

Technology,

Inc.

(

181

)

(

8,150

)

APA

Corp.

(

105

)

(

4,456

)

Apellis

Pharmaceuticals,

Inc.

(

2,432

)

(

97,839

)

API

Group

Corp.

(

1,194

)

(

48,381

)

Apollo

Global

Management,

Inc.

(

429

)

(

47,799

)

Appfolio,

Inc.,

Class

A

(

111

)

(

17,518

)

Apple,

Inc.

(

754

)

(

191,357

)

Applied

Materials,

Inc.

(

147

)

(

50,243

)

AppLovin

Corp.,

Class

A

(

166

)

(

66,068

)

Aptiv

plc

(

400

)

(

27,776

)

Archer-Daniels-Midland

Co.

(

224

)

(

16,283

)

Ares

Capital

Corp.

(

7,401

)

(

133,366

)

Arrowhead

Pharmaceuticals,

Inc.

(

936

)

(

58,687

)

Arthur

J

Gallagher

&

Co.

(

591

)

(

127,999

)

Associated

Banc-Corp.

(

2,883

)

(

74,554

)

Assurant,

Inc.

(

135

)

(

29,404

)

Assured

Guaranty

Ltd.

(

171

)

(

13,933

)

AST

SpaceMobile,

Inc.

(

723

)

(

59,915

)

Astera

Labs,

Inc.

(

738

)

(

80,885

)

AT&T,

Inc.

(

1,922

)

(

55,719

)

Aurora

Innovation,

Inc.

(

8,340

)

(

34,361

)

Automatic

Data

Processing,

Inc.

(

131

)

(

26,617

)

AvalonBay

Communities,

Inc.,

REIT

(

402

)

(

65,667

)

Avantor,

Inc.

(

910

)

(

7,134

)

Avery

Dennison

Corp.

(

192

)

(

33,155

)

Avient

Corp.

(

598

)

(

21,707

)

Avis

Budget

Group,

Inc.

(

1,188

)

(

173,269

)

Axon

Enterprise,

Inc.

(

81

)

(

34,400

)

Bank

OZK

(

1,447

)

(

66,403

)

Baxter

International,

Inc.

(

1,339

)

(

22,495

)

Belden,

Inc.

(

247

)

(

28,363

)

Bentley

Systems,

Inc.,

Class

B

(

3,871

)

(

135,950

)

BILL

Holdings,

Inc.

(

931

)

(

35,657

)

Bio-Rad

Laboratories,

Inc.,

Class

A

(

240

)

(

66,900

)

Bio-Techne

Corp.

(

1,249

)

(

65,273

)

BJ's

Wholesale

Club

Holdings,

Inc.

(

338

)

(

33,266

)

Black

Hills

Corp.

(

692

)

(

48,032

)

Blackstone

Secured

Lending

Fund

(

2,750

)

(

65,148

)

Blackstone,

Inc.

(

427

)

(

49,101

)

Bloom

Energy

Corp.,

Class

A

(

253

)

(

34,279

)

Blue

Owl

Capital

Corp.

(

7,036

)

(

77,818

)

BOK

Financial

Corp.

(

517

)

(

66,207

)

Booz

Allen

Hamilton

Holding

Corp.,

Class

A

(

265

)

(

20,678

)

Boston

Scientific

Corp.

(

259

)

(

16,252

)

Brixmor

Property

Group,

Inc.,

REIT

(

1,776

)

(

51,149

)

Brown

&

Brown,

Inc.

(

1,027

)

(

66,971

)

Brown-Forman

Corp.,

Class

B

(

495

)

(

13,088

)

Builders

FirstSource,

Inc.

(

770

)

(

63,394

)

BWX

Technologies,

Inc.

(

165

)

(

33,741

)

BXP,

Inc.,

REIT

(

275

)

(

14,273

)

Cabot

Corp.

(

516

)

(

38,860

)

Cadence

Design

Systems,

Inc.

(

472

)

(

131,155

)

Campbell's

Co.

(The)

(

1,177

)

(

26,212

)

Cardinal

Health,

Inc.

(

295

)

(

62,336

)

250

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(112.0)%

(continued)

Carlyle

Secured

Lending,

Inc.

(

760

)

(

8,314

)

Carvana

Co.,

Class

A

(

219

)

(

68,849

)

Caterpillar,

Inc.

(

94

)

(

66,595

)

Cava

Group,

Inc.

(

731

)

(

59,138

)

Cboe

Global

Markets,

Inc.

(

105

)

(

29,512

)

CBRE

Group,

Inc.,

Class

A

(

809

)

(

109,587

)

Celanese

Corp.,

Class

A

(

1,121

)

(

73,728

)

Celsius

Holdings,

Inc.

(

373

)

(

13,234

)

Cencora,

Inc.

(

354

)

(

111,206

)

CenterPoint

Energy,

Inc.

(

2,105

)

(

90,852

)

Certara,

Inc.

(

5,663

)

(

32,279

)

CF

Industries

Holdings,

Inc.

(

663

)

(

86,084

)

CH

Robinson

Worldwide,

Inc.

(

456

)

(

75,728

)

Charles

River

Laboratories

International,

Inc.

(

306

)

(

52,785

)

Charles

Schwab

Corp.

(The)

(

1,134

)

(

106,573

)

Cheniere

Energy,

Inc.

(

329

)

(

93,357

)

Choice

Hotels

International,

Inc.

(

621

)

(

64,274

)

Churchill

Downs,

Inc.

(

246

)

(

22,098

)

Cincinnati

Financial

Corp.

(

68

)

(

10,700

)

Cintas

Corp.

(

363

)

(

61,398

)

Cirrus

Logic,

Inc.

(

349

)

(

50,472

)

Cisco

Systems,

Inc.

(

468

)

(

36,312

)

Clarivate

plc

(

10,874

)

(

27,511

)

Cleveland-Cliffs,

Inc.

(

6,838

)

(

57,781

)

CME

Group,

Inc.

(

116

)

(

34,261

)

CMS

Energy

Corp.

(

57

)

(

4,422

)

CNX

Resources

Corp.

(

907

)

(

34,965

)

Coca-Cola

Co.

(The)

(

1,484

)

(

112,858

)

Coinbase

Global,

Inc.,

Class

A

(

540

)

(

94,289

)

Colgate-Palmolive

Co.

(

337

)

(

28,723

)

Comcast

Corp.,

Class

A

(

1,842

)

(

52,884

)

Constellation

Brands,

Inc.,

Class

A

(

234

)

(

35,100

)

Constellation

Energy

Corp.

(

195

)

(

54,454

)

Corcept

Therapeutics,

Inc.

(

289

)

(

11,650

)

Corebridge

Financial,

Inc.

(

293

)

(

6,991

)

Corning,

Inc.

(

392

)

(

53,300

)

Costco

Wholesale

Corp.

(

20

)

(

19,929

)

Coty,

Inc.,

Class

A

(

6,335

)

(

12,733

)

Cousins

Properties,

Inc.,

REIT

(

747

)

(

16,860

)

Crane

NXT

Co.

(

1,820

)

(

73,874

)

Credit

Acceptance

Corp.

(

90

)

(

38,111

)

CRH

plc

(

1,048

)

(

110,166

)

Crowdstrike

Holdings,

Inc.,

Class

A

(

58

)

(

22,644

)

Crown

Castle,

Inc.,

REIT

(

365

)

(

29,678

)

CSX

Corp.

(

3,132

)

(

128,569

)

CubeSmart,

REIT

(

2,723

)

(

99,798

)

CVS

Health

Corp.

(

895

)

(

64,279

)

Cytokinetics,

Inc.

(

1,103

)

(

72,699

)

Deere

&

Co.

(

8

)

(

4,506

)

DENTSPLY

SIRONA,

Inc.

(

3,056

)

(

35,450

)

Devon

Energy

Corp.

(

3,391

)

(

170,634

)

Diamondback

Energy,

Inc.

(

22

)

(

4,351

)

Dick's

Sporting

Goods,

Inc.

(

491

)

(

97,360

)

Digital

Realty

Trust,

Inc.,

REIT

(

487

)

(

87,762

)

Dillard's,

Inc.,

Class

A

(

40

)

(

22,884

)

Dollar

Tree,

Inc.

(

351

)

(

38,438

)

Dominion

Energy,

Inc.

(

951

)

(

58,791

)

Domino's

Pizza,

Inc.

(

45

)

(

16,146

)

Donaldson

Co.,

Inc.

(

648

)

(

54,996

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(112.0)%

(continued)

DoorDash,

Inc.,

Class

A

(

258

)

(

38,739

)

Doximity,

Inc.,

Class

A

(

811

)

(

18,896

)

Dropbox,

Inc.,

Class

A

(

2,250

)

(

51,120

)

Duke

Energy

Corp.

(

1,059

)

(

138,665

)

Dutch

Bros,

Inc.,

Class

A

(

1,884

)

(

95,443

)

DXC

Technology

Co.

(

1,957

)

(

24,599

)

Dycom

Industries,

Inc.

(

263

)

(

89,110

)

Dynatrace,

Inc.

(

433

)

(

16,012

)

EastGroup

Properties,

Inc.,

REIT

(

24

)

(

4,442

)

Eastman

Chemical

Co.

(

286

)

(

21,828

)

eBay,

Inc.

(

777

)

(

70,723

)

EchoStar

Corp.,

Class

A

(

388

)

(

45,423

)

Elanco

Animal

Health,

Inc.

(

1,924

)

(

46,041

)

Entergy

Corp.

(

223

)

(

25,056

)

EQT

Corp.

(

195

)

(

12,410

)

Equitable

Holdings,

Inc.

(

1,099

)

(

40,784

)

Equity

LifeStyle

Properties,

Inc.,

REIT

(

1,360

)

(

84,891

)

Erie

Indemnity

Co.,

Class

A

(

158

)

(

39,707

)

Essent

Group

Ltd.

(

620

)

(

36,233

)

Essex

Property

Trust,

Inc.,

REIT

(

95

)

(

22,990

)

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

(

61

)

(

4,378

)

Euronet

Worldwide,

Inc.

(

362

)

(

24,026

)

Evergy,

Inc.

(

927

)

(

75,940

)

Everus

Construction

Group,

Inc.

(

63

)

(

7,438

)

Exelon

Corp.

(

2,557

)

(

125,344

)

Expand

Energy

Corp.

(

444

)

(

48,742

)

Expeditors

International

of

Washington,

Inc.

(

903

)

(

129,337

)

Experian

plc

(2)

(

285

)

(

9,859

)

F5,

Inc.

(

199

)

(

57,577

)

Fair

Isaac

Corp.

(

11

)

(

11,743

)

Fastenal

Co.

(

97

)

(

4,501

)

Ferrovial

SE

(2)

(

486

)

(

31,617

)

Fifth

Third

Bancorp

(

4,538

)

(

210,834

)

First

Citizens

BancShares,

Inc.,

Class

A

(

14

)

(

26,385

)

First

Financial

Bankshares,

Inc.

(

339

)

(

9,984

)

Flagstar

Bank

NA

(

1,511

)

(

19,900

)

Flex

Ltd.

(

501

)

(

32,795

)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(

1,413

)

(

71,780

)

Flowers

Foods,

Inc.

(

587

)

(

4,784

)

Flutter

Entertainment

plc

(

397

)

(

40,474

)

FMC

Corp.

(

381

)

(

6,561

)

Fortive

Corp.

(

1,573

)

(

86,955

)

Fox

Corp.,

Class

A

(

826

)

(

48,238

)

Freshpet,

Inc.

(

231

)

(

13,620

)

FS

KKR

Capital

Corp.

(

3,637

)

(

37,025

)

GCI

Liberty,

Inc.,

Class

C

(

406

)

(

15,107

)

GE

HealthCare

Technologies,

Inc.

(

959

)

(

68,262

)

Gen

Digital,

Inc.

(

2,742

)

(

51,632

)

Generac

Holdings,

Inc.

(

94

)

(

18,361

)

Gentex

Corp.

(

197

)

(

4,304

)

Genuine

Parts

Co.

(

515

)

(

54,461

)

Gilead

Sciences,

Inc.

(

541

)

(

75,399

)

Globant

SA

(

765

)

(

35,274

)

Goldman

Sachs

BDC,

Inc.

(

1,575

)

(

13,986

)

Goldman

Sachs

Group,

Inc.

(The)

(

50

)

(

42,300

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

251

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(112.0)%

(continued)

Golub

Capital

BDC,

Inc.

(

2,519

)

(

31,891

)

Graco,

Inc.

(

141

)

(

11,936

)

GXO

Logistics,

Inc.

(

527

)

(

27,325

)

Haleon

plc

(2)

(

13,892

)

(

68,751

)

Halliburton

Co.

(

161

)

(

6,277

)

Hamilton

Lane,

Inc.,

Class

A

(

496

)

(

49,302

)

Hancock

Whitney

Corp.

(

1,052

)

(

66,897

)

Hanover

Insurance

Group,

Inc.

(The)

(

59

)

(

10,228

)

Harley-Davidson,

Inc.

(

3,657

)

(

73,945

)

HCA

Healthcare,

Inc.

(

34

)

(

16,090

)

Healthcare

Realty

Trust,

Inc.,

REIT

(

1,023

)

(

17,381

)

Healthpeak

Properties,

Inc.,

REIT

(

3,496

)

(

57,439

)

Hecla

Mining

Co.

(

1,593

)

(

29,678

)

HEICO

Corp.

(

195

)

(

53,469

)

Henry

Schein,

Inc.

(

151

)

(

11,129

)

Hewlett

Packard

Enterprise

Co.

(

2,294

)

(

54,620

)

Hexcel

Corp.

(

449

)

(

36,338

)

HF

Sinclair

Corp.

(

70

)

(

4,367

)

Highwoods

Properties,

Inc.,

REIT

(

1,034

)

(

22,138

)

Hims

&

Hers

Health,

Inc.

(

2,653

)

(

55,076

)

Home

BancShares,

Inc.

(

1,949

)

(

52,487

)

Home

Depot,

Inc.

(The)

(

750

)

(

246,667

)

Hormel

Foods

Corp.

(

2,665

)

(

60,362

)

Howard

Hughes

Holdings,

Inc.

(

68

)

(

4,302

)

Howmet

Aerospace,

Inc.

(

128

)

(

29,499

)

Hubbell,

Inc.,

Class

B

(

101

)

(

49,565

)

Huntington

Bancshares,

Inc.

(

5,283

)

(

82,679

)

Hyatt

Hotels

Corp.,

Class

A

(

1,115

)

(

160,326

)

IDEX

Corp.

(

23

)

(

4,360

)

IDEXX

Laboratories,

Inc.

(

124

)

(

69,674

)

Independence

Realty

Trust,

Inc.,

REIT

(

3,173

)

(

47,246

)

Ingersoll

Rand,

Inc.

(

1,497

)

(

119,940

)

Insmed,

Inc.

(

228

)

(

37,283

)

Inspire

Medical

Systems,

Inc.

(

84

)

(

4,333

)

Intel

Corp.

(

415

)

(

18,314

)

International

Business

Machines

Corp.

(

345

)

(

83,625

)

International

Paper

Co.

(

2,243

)

(

80,075

)

Intuit,

Inc.

(

66

)

(

28,537

)

Intuitive

Surgical,

Inc.

(

43

)

(

19,823

)

Ionis

Pharmaceuticals,

Inc.

(

677

)

(

50,836

)

IonQ,

Inc.

(

1,592

)

(

45,897

)

IPG

Photonics

Corp.

(

35

)

(

4,011

)

Iridium

Communications,

Inc.

(

1,086

)

(

30,126

)

Jabil,

Inc.

(

168

)

(

44,626

)

Jack

Henry

&

Associates,

Inc.

(

75

)

(

11,853

)

James

Hardie

Industries

plc,

ADR

(

1,385

)

(

26,232

)

James

Hardie

Industries

plc,

CHESS

(2)

(

1,248

)

(

23,014

)

Johnson

&

Johnson

(

952

)

(

232,706

)

JPMorgan

Chase

&

Co.

(

567

)

(

166,789

)

Kemper

Corp.

(

140

)

(

4,278

)

KeyCorp

(

2,729

)

(

54,716

)

Keysight

Technologies,

Inc.

(

61

)

(

17,225

)

Kilroy

Realty

Corp.,

REIT

(

1,754

)

(

49,480

)

Kimberly-Clark

Corp.

(

748

)

(

72,160

)

Kinsale

Capital

Group,

Inc.

(

129

)

(

44,074

)

Kite

Realty

Group

Trust,

REIT

(

1,965

)

(

48,241

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(112.0)%

(continued)

Kraft

Heinz

Co.

(The)

(

2,584

)

(

58,114

)

Kratos

Defense

&

Security

Solutions,

Inc.

(

778

)

(

54,857

)

Kroger

Co.

(The)

(

1,137

)

(

82,273

)

L3Harris

Technologies,

Inc.

(

395

)

(

136,334

)

Labcorp

Holdings,

Inc.

(

363

)

(

96,852

)

Lantheus

Holdings,

Inc.

(

434

)

(

32,919

)

Lear

Corp.

(

113

)

(

13,682

)

Lennar

Corp.,

Class

A

(

372

)

(

32,304

)

Lennox

International,

Inc.

(

10

)

(

4,641

)

Liberty

Media

Corp-Liberty

Formula

One,

Class

A

(

286

)

(

22,331

)

Lincoln

National

Corp.

(

2,500

)

(

88,750

)

Linde

plc

(

10

)

(

4,958

)

Lithia

Motors,

Inc.,

Class

A

(

123

)

(

30,716

)

Live

Nation

Entertainment,

Inc.

(

465

)

(

70,917

)

LKQ

Corp.

(

797

)

(

23,408

)

Loar

Holdings,

Inc.

(

910

)

(

52,134

)

Loews

Corp.

(

963

)

(

102,791

)

LPL

Financial

Holdings,

Inc.

(

451

)

(

135,674

)

Lululemon

Athletica,

Inc.

(

104

)

(

15,922

)

M&T

Bank

Corp.

(

669

)

(

138,296

)

MACOM

Technology

Solutions

Holdings,

Inc.

(

353

)

(

78,391

)

Madison

Square

Garden

Sports

Corp.,

Class

A

(

56

)

(

17,998

)

ManpowerGroup,

Inc.

(

518

)

(

15,260

)

Maplebear,

Inc.

(

883

)

(

33,077

)

Marathon

Petroleum

Corp.

(

484

)

(

118,183

)

Markel

Group,

Inc.

(

14

)

(

26,797

)

Marriott

International,

Inc.,

Class

A

(

127

)

(

41,538

)

Martin

Marietta

Materials,

Inc.

(

94

)

(

55,336

)

Marvell

Technology,

Inc.

(

198

)

(

19,612

)

Marzetti

Co.

(The)

(

44

)

(

6,087

)

Masco

Corp.

(

448

)

(

27,046

)

Mastercard,

Inc.,

Class

A

(

99

)

(

49,466

)

Maximus,

Inc.

(

658

)

(

42,178

)

McCormick

&

Co.,

Inc.

(Non-Voting)

(

83

)

(

4,187

)

McDonald's

Corp.

(

310

)

(

96,345

)

MDU

Resources

Group,

Inc.

(

2,447

)

(

50,702

)

Meta

Platforms,

Inc.,

Class

A

(

155

)

(

88,680

)

Mid-America

Apartment

Communities,

Inc.,

REIT

(

180

)

(

21,982

)

Millrose

Properties,

Inc.,

Class

A,

REIT

(

1,304

)

(

36,512

)

MKS,

Inc.

(

62

)

(

14,248

)

Molson

Coors

Beverage

Co.,

Class

B

(

510

)

(

21,961

)

Mondelez

International,

Inc.,

Class

A

(

1,677

)

(

96,662

)

Moody's

Corp.

(

137

)

(

59,766

)

Morgan

Stanley

(

343

)

(

56,448

)

Motorola

Solutions,

Inc.

(

104

)

(

45,133

)

MP

Materials

Corp.

(

416

)

(

20,076

)

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

(

204

)

(

18,823

)

Murphy

Oil

Corp.

(

1,246

)

(

51,398

)

National

Storage

Affiliates

Trust,

REIT

(

962

)

(

36,306

)

nCino,

Inc.

(

1,969

)

(

29,496

)

252

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(112.0)%

(continued)

NetApp,

Inc.

(

641

)

(

65,632

)

Netflix,

Inc.

(

980

)

(

94,227

)

New

Jersey

Resources

Corp.

(

111

)

(

6,096

)

New

Mountain

Finance

Corp.

(

1,037

)

(

8,047

)

NewMarket

Corp.

(

42

)

(

26,920

)

NextEra

Energy,

Inc.

(

823

)

(

76,440

)

Nextpower,

Inc.,

Class

A

(

245

)

(

29,535

)

NIKE,

Inc.,

Class

B

(

2,106

)

(

111,239

)

NNN

REIT,

Inc.,

REIT

(

107

)

(

4,497

)

Northern

Trust

Corp.

(

138

)

(

19,261

)

Northrop

Grumman

Corp.

(

150

)

(

102,336

)

Norwegian

Cruise

Line

Holdings

Ltd.

(

1,950

)

(

36,465

)

NOV,

Inc.

(

2,079

)

(

39,106

)

Novanta,

Inc.

(

72

)

(

8,504

)

NRG

Energy,

Inc.

(

197

)

(

28,790

)

NVR,

Inc.

(

4

)

(

26,359

)

Oaktree

Specialty

Lending

Corp.

(

1,043

)

(

11,786

)

Oklo,

Inc.

(

1,256

)

(

62,285

)

Okta,

Inc.,

Class

A

(

479

)

(

37,702

)

Olin

Corp.

(

1,501

)

(

44,625

)

ONEOK,

Inc.

(

150

)

(

13,559

)

Option

Care

Health,

Inc.

(

3,132

)

(

84,313

)

O'Reilly

Automotive,

Inc.

(

491

)

(

45,324

)

Organon

&

Co.

(

2,592

)

(

15,526

)

Ormat

Technologies,

Inc.

(

756

)

(

84,612

)

Oshkosh

Corp.

(

30

)

(

4,416

)

Palo

Alto

Networks,

Inc.

(

716

)

(

114,789

)

Parker-Hannifin

Corp.

(

187

)

(

167,410

)

Parsons

Corp.

(

401

)

(

21,722

)

Paychex,

Inc.

(

671

)

(

61,813

)

Paycom

Software,

Inc.

(

266

)

(

32,330

)

Pegasystems,

Inc.

(

983

)

(

41,836

)

Penske

Automotive

Group,

Inc.

(

85

)

(

12,709

)

Performance

Food

Group

Co.

(

465

)

(

39,832

)

Permian

Resources

Corp.,

Class

A

(

211

)

(

4,499

)

Perrigo

Co.

plc

(

2,954

)

(

31,726

)

Pfizer,

Inc.

(

1,476

)

(

41,446

)

Planet

Fitness,

Inc.,

Class

A

(

325

)

(

24,174

)

Pool

Corp.

(

198

)

(

40,061

)

Post

Holdings,

Inc.

(

45

)

(

4,449

)

PPG

Industries,

Inc.

(

384

)

(

41,042

)

PPL

Corp.

(

2,836

)

(

108,335

)

Primerica,

Inc.

(

20

)

(

5,010

)

Procter

&

Gamble

Co.

(The)

(

497

)

(

71,787

)

PTC,

Inc.

(

209

)

(

29,780

)

Public

Service

Enterprise

Group,

Inc.

(

448

)

(

36,266

)

Public

Storage,

REIT

(

191

)

(

51,738

)

PulteGroup,

Inc.

(

43

)

(

5,057

)

PVH

Corp.

(

681

)

(

47,507

)

QIAGEN

NV

(2)

(

954

)

(

38,646

)

Qnity

Electronics,

Inc.

(

235

)

(

27,114

)

Qualys,

Inc.

(

107

)

(

9,400

)

Quanta

Services,

Inc.

(

25

)

(

13,726

)

QuantumScape

Corp.

(

9,378

)

(

59,832

)

Quest

Diagnostics,

Inc.

(

211

)

(

41,352

)

QXO,

Inc.

(

4,151

)

(

80,612

)

Ralliant

Corp.

(

448

)

(

18,632

)

Range

Resources

Corp.

(

1,847

)

(

83,447

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(112.0)%

(continued)

Rayonier,

Inc.,

REIT

(

3,119

)

(

64,314

)

Realty

Income

Corp.,

REIT

(

343

)

(

20,985

)

Reddit,

Inc.,

Class

A

(

136

)

(

18,312

)

Regal

Rexnord

Corp.

(

297

)

(

55,616

)

Regency

Centers

Corp.,

REIT

(

243

)

(

18,385

)

Regions

Financial

Corp.

(

3,428

)

(

89,539

)

Repligen

Corp.

(

350

)

(

41,237

)

Republic

Services,

Inc.,

Class

A

(

528

)

(

115,643

)

ResMed,

Inc.

(

253

)

(

56,793

)

Revolution

Medicines,

Inc.

(

642

)

(

62,435

)

Revvity,

Inc.

(

244

)

(

21,377

)

Rexford

Industrial

Realty,

Inc.,

REIT

(

792

)

(

25,922

)

RH

(

312

)

(

43,624

)

Rivian

Automotive,

Inc.,

Class

A

(

1,573

)

(

23,674

)

RLI

Corp.

(

610

)

(

34,794

)

Robinhood

Markets,

Inc.,

Class

A

(

747

)

(

51,767

)

Rocket

Lab

Corp.

(

489

)

(

31,404

)

Rockwell

Automation,

Inc.

(

82

)

(

29,428

)

Rollins,

Inc.

(

823

)

(

43,956

)

Royal

Gold,

Inc.

(

124

)

(

31,557

)

RTX

Corp.

(

347

)

(

66,936

)

Ryan

Specialty

Holdings,

Inc.,

Class

A

(

1,007

)

(

33,976

)

SBA

Communications

Corp.,

REIT

(

59

)

(

10,154

)

Schneider

Electric

SE

(2)

(

155

)

(

42,219

)

Scotts

Miracle-Gro

Co.

(The)

(

462

)

(

28,094

)

Seaboard

Corp.

(

6

)

(

33,924

)

SEI

Investments

Co.

(

618

)

(

48,494

)

Sensata

Technologies

Holding

plc

(

1,389

)

(

48,921

)

Shell

plc

(2)

(

94

)

(

4,354

)

Sherwin-Williams

Co.

(The)

(

125

)

(

40,069

)

Shift4

Payments,

Inc.,

Class

A

(

2,068

)

(

90,434

)

Signify

NV

(2)(c)

(

304

)

(

6,475

)

Silgan

Holdings,

Inc.

(

1,734

)

(

67,279

)

Sirius

XM

Holdings,

Inc.

(

505

)

(

11,655

)

Sixth

Street

Specialty

Lending,

Inc.

(

738

)

(

13,564

)

SLB

Ltd.

(

566

)

(

29,087

)

SLM

Corp.

(

1,117

)

(

23,915

)

Snap-on,

Inc.

(

160

)

(

58,115

)

SoFi

Technologies,

Inc.

(

4,444

)

(

70,571

)

Somnigroup

International,

Inc.

(

335

)

(

24,763

)

Southern

Co.

(The)

(

1,074

)

(

103,662

)

Southwest

Airlines

Co.

(

841

)

(

31,596

)

SPX

Technologies,

Inc.

(

107

)

(

21,394

)

STAG

Industrial,

Inc.,

REIT

(

993

)

(

35,808

)

StandardAero,

Inc.

(

3,314

)

(

85,601

)

Starbucks

Corp.

(

943

)

(

84,483

)

Steel

Dynamics,

Inc.

(

470

)

(

84,600

)

Strategy,

Inc.,

Class

A

(

360

)

(

44,928

)

Summit

Therapeutics,

Inc.

(

1,517

)

(

28,762

)

Sun

Communities,

Inc.,

REIT

(

221

)

(

27,837

)

Super

Micro

Computer,

Inc.

(

1,314

)

(

29,920

)

Swiss

Re

AG

(2)

(

573

)

(

96,251

)

Synopsys,

Inc.

(

62

)

(

24,582

)

Talen

Energy

Corp.

(

151

)

(

48,204

)

Targa

Resources

Corp.

(

597

)

(

149,686

)

Tempus

AI,

Inc.,

Class

A

(

913

)

(

41,286

)

Tenaris

SA

(2)

(

2,145

)

(

62,703

)

Terex

Corp.

(

1,448

)

(

85,577

)

Tesla,

Inc.

(

108

)

(

40,149

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

253

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(112.0)%

(continued)

Tetra

Tech,

Inc.

(

393

)

(

11,837

)

Texas

Instruments,

Inc.

(

196

)

(

38,051

)

TFS

Financial

Corp.

(

374

)

(

5,255

)

Thermo

Fisher

Scientific,

Inc.

(

265

)

(

130,255

)

Toast,

Inc.,

Class

A

(

615

)

(

16,304

)

TopBuild

Corp.

(

163

)

(

57,262

)

TPG,

Inc.

(

765

)

(

30,990

)

Tractor

Supply

Co.

(

1,310

)

(

59,343

)

Trane

Technologies

plc

(

239

)

(

99,601

)

TransDigm

Group,

Inc.

(

57

)

(

66,061

)

Trimble,

Inc.

(

286

)

(

18,656

)

TTM

Technologies,

Inc.

(

81

)

(

7,891

)

Twilio,

Inc.,

Class

A

(

545

)

(

68,572

)

Tyler

Technologies,

Inc.

(

208

)

(

71,215

)

U-Haul

Holding

Co.

(

145

)

(

6,477

)

UiPath,

Inc.,

Class

A

(

2,511

)

(

27,872

)

UL

Solutions,

Inc.,

Class

A

(

136

)

(

11,657

)

Under

Armour,

Inc.,

Class

A

(

6,207

)

(

36,683

)

United

Bankshares,

Inc.

(

106

)

(

4,391

)

United

Rentals,

Inc.

(

46

)

(

33,514

)

Unity

Software,

Inc.

(

1,638

)

(

35,938

)

Universal

Display

Corp.

(

165

)

(

15,124

)

Unum

Group

(

371

)

(

27,094

)

US

Foods

Holding

Corp.

(

644

)

(

59,383

)

Vail

Resorts,

Inc.

(

454

)

(

58,257

)

Valvoline,

Inc.

(

1,129

)

(

38,025

)

VICI

Properties,

Inc.,

Class

A,

REIT

(

942

)

(

25,735

)

Viking

Therapeutics,

Inc.

(

1,302

)

(

42,367

)

Visa,

Inc.,

Class

A

(

465

)

(

140,542

)

Visteon

Corp.

(

195

)

(

17,766

)

Vistra

Corp.

(

435

)

(

65,394

)

Vornado

Realty

Trust,

REIT

(

432

)

(

11,228

)

Voya

Financial,

Inc.

(

958

)

(

65,451

)

Vulcan

Materials

Co.

(

373

)

(

101,568

)

W

R

Berkley

Corp.

(

1,718

)

(

113,869

)

Walt

Disney

Co.

(The)

(

471

)

(

45,395

)

Warner

Music

Group

Corp.,

Class

A

(

613

)

(

15,656

)

Waste

Connections,

Inc.

(

179

)

(

29,077

)

Waste

Management,

Inc.

(

206

)

(

47,337

)

Waters

Corp.

(

188

)

(

55,986

)

Watsco,

Inc.

(

118

)

(

42,927

)

Wayfair,

Inc.,

Class

A

(

253

)

(

19,028

)

Wells

Fargo

&

Co.

(

338

)

(

26,908

)

Welltower,

Inc.,

REIT

(

1,177

)

(

232,704

)

Western

Alliance

Bancorp

(

207

)

(

14,666

)

Western

Union

Co.

(The)

(

4,052

)

(

35,374

)

WEX,

Inc.

(

210

)

(

32,138

)

Whirlpool

Corp.

(

320

)

(

17,254

)

White

Mountains

Insurance

Group

Ltd.

(

8

)

(

17,576

)

Willis

Towers

Watson

plc

(

201

)

(

58,431

)

WillScot

Holdings

Corp.

(

4,428

)

(

76,870

)

Wingstop,

Inc.

(

26

)

(

4,029

)

WP

Carey,

Inc.,

REIT

(

1,514

)

(

102,891

)

Wyndham

Hotels

&

Resorts,

Inc.

(

527

)

(

42,808

)

Wynn

Resorts

Ltd.

(

840

)

(

85,302

)

Xcel

Energy,

Inc.

(

1,098

)

(

87,225

)

XPO,

Inc.

(

272

)

(

52,918

)

YETI

Holdings,

Inc.

(

470

)

(

17,197

)

Yum!

Brands,

Inc.

(

801

)

(

124,539

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(112.0)%

(continued)

Zillow

Group,

Inc.,

Class

C

(

549

)

(

22,718

)

ZoomInfo

Technologies,

Inc.,

Class

A

(

3,753

)

(

22,443

)

(23,721,502)

Zambia

-

(

0

.0

)

%

†

First

Quantum

Minerals

Ltd.

(

191

)

(

4,567

)

TOTAL

COMMON

STOCKS

(Proceeds

$(43,564,485))                                                    

(39,294,030)

PREFERRED

STOCKS

-

(0.8)%

Germany

-

(

0

.8

)

%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(c)

(

1,392

)

(

63,412

)

Sartorius

AG

(Preference)

(2)

(

169

)

(

42,287

)

Volkswagen

AG

(Preference)

(2)

(

606

)

(

61,989

)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(180,327))                                                    

(167,688)

NO.

OF

RIGHTS

RIGHTS

-

0.0%

United

States

-

0

.0

%

Walgreens

Boots

Alliance,

Inc.,

CVR

(3)

(Proceeds

$–)

(

659

)

–

TOTAL

SHORT

POSITIONS

(Proceeds

$(43,744,812))

(39,461,718)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

73.4%

(Cost

$6,674,869)

15,533,632

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

26.6%

‡

5,639,498

NET

ASSETS

-

100.0%

21,173,130

254

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(

274,848

)

(

1

.3

)

%

Consumer

Discretionary

400,249

1

.9

Consumer

Staples

(

340,990

)

(

1

.6

)

Energy

284,289

1

.3

Financials

336,355

1

.6

Health

Care

(

279,876

)

(

1

.3

)

Industrials

1,241,795

5

.9

Information

Technology

478,209

2

.2

Materials

2,418

0

.1

Purchased

Options

48,542

0

.2

Real

Estate

(

623,425

)

(

2

.9

)

Utilities

(

556,341

)

(

2

.7

)

Investment

Companies

6,598,770

31

.2

U.S.

Treasury

Obligations

8,218,485

38

.8

Total

Investments

In

Securities

At

Value

15,533,632

73

.4

Other

Assets

in

Excess

of

Liabilities

‡

5,639,498

26

.6

Net

Assets

$

21,173,130

100

.0

%

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange,

futures,

swap

and

written

option

contracts,

and

value

of

reverse

repurchase

agreements.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$39,456,557,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

In

addition,

$3,190,039

of

cash

collateral

was

also

pledged.

(b)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$10,486,084.

(c)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$399,149

of

investments

in

securities

and

$(355,294)

of

securities

sold

short,

which

represents

1.89%

and

(1.68)%

of

net

assets

of

the

Fund,

respectively.

(d)

Inflation-protected

security.

(e)

On

March

31,

2026,

securities

valued

at

$201,592

were

pledged

as

collateral

for

reverse

repurchase

agreements

outstanding.

(f)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(g)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(h)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

(3)

Security

fair

valued

using

significant

unobservable

inputs

(Level

3)

in

accordance

with

procedures

approved

by

the

Board

of

Trustees.

Reverse

repurchase

agreements

outstanding

as

of

March

31,

2026:

Over-the-Counter

COUNTERPARTY

TRADE

DATE

RATE

MATURITY

DATE

CURRENCY

PRINCIPAL

AMOUNT

AND

VALUE

OF

REVERSE

REPURCHASE

AGREEMENT

BNPP

3/20/2026

3.79%

4/9/2026

USD

$

100,250

BNPP

3/23/2026

3.80%

4/9/2026

USD

100,000

$

200,250

The

weighted

average

daily

balance

of

the

reverse

repurchase

agreements

during

the

period

ended

March

31,

2026

was

$189,139

at

a

net

weighted

average

interest

rate

of

3.795%.

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

255

(Continued)

Written

put

option

contracts

(premium-style)

outstanding

as

of

March

31,

2026:

Over-the-Counter

D

ESCRIPTION

COUNTERPARTY

NUMBER

OF

CONTRACTS

NOTIONAL

AMOUNT

EXERCISE

PRICE

EXPIRATION

DATE

PREMIUM

PAID

(RECEIVED)

VALUE

S&P

500

Index

JPMC

1

USD

(

652,852

)

USD

5,600

6/18/2026

$

(

6,526

)

$

(

5,480

)

$

(

6,526

)

$

(

5,480

)

Credit

default

swap

contracts

outstanding

-

buy

protection

as

of

March

31,

2026:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

PAID

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

%

Quarterly

6/20/2031

3

.53

%

EUR

13,000

$

(

857

)

$

(

110

)

$

(

967

)

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

Quarterly

6/20/2031

3

.53

EUR

13,000

(

857

)

(

110

)

(

967

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

6,000

(

240

)

(

57

)

(

297

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

6,000

(

240

)

(

58

)

(

298

)

$

(

2,194

)

$

(

335

)

$

(

2,529

)

Credit

default

swap

contracts

outstanding

-

sell

protection

as

of

March

31,

2026

:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

RECEIVED

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

%

Quarterly

6/20/2031

0

.63

%

USD

43,000

$

718

$

39

$

757

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

Quarterly

6/20/2031

0

.63

USD

43,000

718

38

756

$

1,436

$

77

$

1,513

256

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2026:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

100,000

$

46

$

113

$

159

Pay

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

300,000

138

368

506

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

100,000

1,362

–

1,362

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

100,000

1,259

–

1,259

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

1,200,000

270

6,294

6,564

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

1,100,000

252

5,954

6,206

Pay

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

200,000

(

1,740

)

2,064

324

Pay

1D

THOR

Qtrly

2.00%

Qtrly

6/17/2031

THB

500,000

159

–

159

Pay

1D

THOR

Qtrly

2.00%

Qtrly

6/17/2031

THB

500,000

159

–

159

Pay

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

500,000

114

–

114

Pay

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

500,000

114

–

114

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

9,000,000

67

–

67

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

9,000,000

67

–

67

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

1,900,000

7,052

1,498

8,550

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

1,900,000

7,052

1,433

8,485

Pay

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

200,000

257

175

432

Pay

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

100,000

132

153

285

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

200,000

22

60

82

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

100,000

11

47

58

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

900,000

439

(

93

)

346

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

900,000

439

(

93

)

346

Pay

3M

JIBAR

Qtrly

8.50%

Qtrly

6/18/2036

ZAR

200,000

219

(

167

)

52

Pay

3M

JIBAR

Qtrly

8.50%

Qtrly

6/18/2036

ZAR

200,000

219

(

167

)

52

Pay

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

100,000

23

(

7

)

16

Pay

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

100,000

23

(

7

)

16

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

3,300,000

(

3,233

)

9,242

6,009

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

3,200,000

(

2,937

)

8,659

5,722

Pay

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

1,100,000

177

(

51

)

126

Pay

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

1,100,000

177

(

51

)

126

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

90,000,000

168

(

115

)

53

Receive

1D

CLICP

Semi

4.50%

Semi

9/20/2028

CLP

14,900,000

114

49

163

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

90,000,000

168

(

115

)

53

Receive

1D

CLICP

Semi

4.50%

Semi

9/20/2028

CLP

14,900,000

114

49

163

Receive

1D

CLICP

Semi

5.00%

Semi

6/17/2031

CLP

10,000,000

(

118

)

169

51

Receive

1D

CLICP

Semi

5.00%

Semi

6/17/2031

CLP

10,000,000

(

118

)

169

51

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

75,000,000

730

(

218

)

512

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

75,000,000

730

(

218

)

512

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

1,200,000

853

4,243

5,096

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

1,300,000

742

4,779

5,521

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

200,000

829

215

1,044

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

300,000

1,543

22

1,565

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

67,300,000

210

175

385

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

67,300,000

210

175

385

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

16,800,000

10

7

17

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

16,800,000

10

7

17

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

50,000,000

51

(

5

)

46

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

50,000,000

51

(

5

)

46

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/17/2036

COP

5,800,000

(

14

)

23

9

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/17/2036

COP

5,800,000

(

14

)

23

9

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

79,500,000

(

2,124

)

4,837

2,713

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

79,500,000

(

2,124

)

4,837

2,713

Receive

1D

SARON

Annual

0.50%

Annual

6/18/2036

CHF

100,000

763

77

840

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2036

CHF

400,000

1,830

2,858

4,688

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2036

CHF

300,000

614

2,902

3,516

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

257

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

4,400,000

$

(

7,409

)

$

13,190

$

5,781

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

4,300,000

(

7,789

)

13,558

5,769

Receive

1D

SOFR

Annual

3.50%

Annual

6/18/2031

USD

200,000

(

1,894

)

3,102

1,208

Receive

1D

SOFR

Annual

3.50%

Annual

6/18/2031

USD

200,000

(

1,894

)

3,102

1,208

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

400,000

96

2,456

2,552

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

500,000

732

2,395

3,127

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

1,500,000

2,234

18,229

20,463

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

1,500,000

1,218

19,251

20,469

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

6/04/2036

MXN

2,000,000

1,631

2,513

4,144

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

6/04/2036

MXN

2,000,000

1,630

2,513

4,143

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

9/03/2036

MXN

2,600,000

508

5,508

6,016

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

9/03/2036

MXN

2,600,000

508

5,508

6,016

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

468,200,000

(

5,262

)

9,620

4,358

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

468,200,000

(

5,262

)

9,620

4,358

Receive

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

18,400,000

(

600

)

2,740

2,140

Receive

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

18,400,000

(

600

)

2,740

2,140

Receive

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/16/2031

CNY

500,000

419

25

444

Receive

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/16/2031

CNY

500,000

423

21

444

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

1,700,000

3,578

(

116

)

3,462

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

1,700,000

3,543

(

80

)

3,463

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

3,700,000

12,609

(

4,466

)

8,143

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

3,700,000

12,086

(

3,846

)

8,240

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/21/2028

KRW

48,600,000

(

74

)

195

121

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/21/2028

KRW

48,600,000

(

74

)

195

121

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

642,700,000

(

701

)

3,083

2,382

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

642,700,000

(

701

)

3,083

2,382

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

49,300,000

(

145

)

587

442

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

49,300,000

(

145

)

587

442

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

100,000,000

(

302

)

1,326

1,024

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

100,000,000

(

302

)

1,326

1,024

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

6/21/2028

ZAR

2,000,000

752

221

973

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

6/21/2028

ZAR

2,000,000

752

221

973

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

3,500,000

142

4

146

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

3,500,000

123

(

2

)

121

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/18/2036

SEK

500,000

(

58

)

561

503

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/18/2036

SEK

500,000

(

58

)

561

503

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

1,500,000

2,285

(

372

)

1,913

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

1,500,000

2,285

(

372

)

1,913

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

6/20/2028

TWD

7,500,000

(

142

)

683

541

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

6/20/2028

TWD

7,500,000

(

142

)

683

541

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

2,000,000

193

40

233

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

2,000,000

193

40

233

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

100,000

1,052

(

669

)

383

Receive

6M

BUBOR

Semi

7.00%

Annual

6/21/2028

HUF

4,300,000

(

44

)

109

65

Receive

6M

BUBOR

Semi

7.00%

Annual

6/21/2028

HUF

4,300,000

(

44

)

109

65

Receive

6M

BUBOR

Semi

6.50%

Annual

9/20/2028

HUF

20,000,000

316

567

883

Receive

6M

BUBOR

Semi

6.50%

Annual

9/20/2028

HUF

20,000,000

316

567

883

Receive

6M

BUBOR

Semi

6.50%

Annual

6/18/2036

HUF

5,000,000

(

145

)

822

677

Receive

6M

BUBOR

Semi

6.50%

Annual

6/18/2036

HUF

5,000,000

(

145

)

821

676

Receive

6M

BUBOR

Semi

6.00%

Annual

9/17/2036

HUF

5,000,000

428

771

1,199

Receive

6M

BUBOR

Semi

6.00%

Annual

9/17/2036

HUF

5,000,000

428

771

1,199

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2056

EUR

100,000

1,251

1,136

2,387

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2056

EUR

100,000

3,699

(

1,312

)

2,387

Receive

6M

NIBOR

Semi

4.50%

Annual

9/20/2028

NOK

1,000,000

528

201

729

Receive

6M

NIBOR

Semi

4.50%

Annual

9/20/2028

NOK

1,000,000

528

201

729

258

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

6M

NIBOR

Semi

4.50%

Annual

6/18/2031

NOK

500,000

$

(

3

)

$

205

$

202

Receive

6M

NIBOR

Semi

4.50%

Annual

6/18/2031

NOK

500,000

(

3

)

205

202

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

1,500,000

3,552

1,732

5,284

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

1,500,000

3,552

1,732

5,284

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

1,000,000

1,975

1,371

3,346

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

1,000,000

1,975

1,371

3,346

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

5,300,000

986

920

1,906

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

5,300,000

986

920

1,906

Receive

6M

PRIBOR

Semi

4.00%

Annual

6/18/2031

CZK

1,500,000

(

777

)

2,122

1,345

Receive

6M

PRIBOR

Semi

4.00%

Annual

6/18/2031

CZK

1,500,000

(

777

)

2,122

1,345

Receive

6M

WIBOR

Semi

4.50%

Annual

6/18/2031

PLN

100,000

187

(

50

)

137

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2036

PLN

200,000

1,730

41

1,771

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2036

PLN

100,000

865

41

906

54,369

197,423

251,792

Pay

1D

CLICP

Semi

4.50%

Semi

6/20/2028

CLP

43,900,000

(

76

)

(

359

)

(

435

)

Pay

1D

CLICP

Semi

4.50%

Semi

6/20/2028

CLP

43,900,000

(

76

)

(

359

)

(

435

)

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

500,000

(

4,270

)

(

3,460

)

(

7,730

)

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

500,000

(

4,607

)

(

3,123

)

(

7,730

)

Pay

1D

MIBOR

Semi

6.50%

Semi

6/17/2031

INR

4,900,000

100

(

829

)

(

729

)

Pay

1D

MIBOR

Semi

6.50%

Semi

6/17/2031

INR

4,900,000

100

(

829

)

(

729

)

Pay

1D

MIBOR

Semi

6.50%

Semi

9/16/2036

INR

20,100,000

(

4,209

)

(

4,008

)

(

8,217

)

Pay

1D

MIBOR

Semi

6.50%

Semi

9/16/2036

INR

20,100,000

(

4,209

)

(

4,008

)

(

8,217

)

Pay

1D

SARON

Annual

0.00%

Annual

6/21/2028

CHF

600,000

(

1,890

)

(

1,014

)

(

2,904

)

Pay

1D

SARON

Annual

0.00%

Annual

6/21/2028

CHF

600,000

(

1,806

)

(

1,024

)

(

2,830

)

Pay

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

2,600,000

(

19,955

)

5,019

(

14,936

)

Pay

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

2,600,000

(

19,914

)

4,922

(

14,992

)

Pay

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

3,000,000

150

(

5,993

)

(

5,843

)

Pay

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

3,100,000

699

(

6,736

)

(

6,037

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

900,000

(

23,700

)

(

5,820

)

(

29,520

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

900,000

(

23,019

)

(

6,501

)

(

29,520

)

Pay

1D

SOFR

Annual

4.00%

Annual

6/21/2056

USD

100,000

438

(

2,773

)

(

2,335

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

100,000

(

1,987

)

(

383

)

(

2,370

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

100,000

(

849

)

(

1,521

)

(

2,370

)

Pay

1D

SONIA

Annual

4.00%

Annual

6/18/2031

GBP

300,000

(

3,384

)

(

608

)

(

3,992

)

Pay

1D

SONIA

Annual

4.00%

Annual

6/18/2031

GBP

200,000

(

2,884

)

223

(

2,661

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

100,000

(

81

)

(

11

)

(

92

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

100,000

(

2,279

)

(

4,157

)

(

6,436

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

100,000

(

2,685

)

(

3,751

)

(

6,436

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

300,000

(

14,705

)

(

4,894

)

(

19,599

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

200,000

(

4,253

)

(

8,813

)

(

13,066

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

300,000

184

(

1,436

)

(

1,252

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

300,000

(

202

)

(

1,032

)

(

1,234

)

Pay

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

1,000,000

(

70

)

54

(

16

)

Pay

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

1,000,000

(

70

)

54

(

16

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/14/2028

MXN

5,700,000

(

353

)

(

1,073

)

(

1,426

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/14/2028

MXN

5,700,000

(

353

)

(

1,073

)

(

1,426

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/11/2031

MXN

2,100,000

174

(

3,603

)

(

3,429

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/11/2031

MXN

2,100,000

174

(

3,603

)

(

3,429

)

Pay

1D

TIIEOIS

Monthly

8.50%

Monthly

6/04/2036

MXN

1,500,000

36

(

351

)

(

315

)

Pay

1D

TIIEOIS

Monthly

8.50%

Monthly

6/04/2036

MXN

1,500,000

22

(

338

)

(

316

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

167,600,000

(

1,487

)

(

13,962

)

(

15,449

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

167,600,000

(

1,487

)

(

13,962

)

(

15,449

)

Pay

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

35,000,000

(

1,957

)

(

1,922

)

(

3,879

)

Pay

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

35,000,000

(

1,957

)

(

1,922

)

(

3,879

)

Pay

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

27,200,000

(

1,018

)

(

2,872

)

(

3,890

)

Pay

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

27,200,000

(

1,018

)

(

2,872

)

(

3,890

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

66,700,000

(

10,543

)

(

10,866

)

(

21,409

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

259

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

66,700,000

$

(

10,548

)

$

(

10,861

)

$

(

21,409

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

15,000,000

(

2,362

)

(

2,993

)

(

5,355

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

15,000,000

(

2,358

)

(

2,997

)

(

5,355

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

6/20/2028

CNY

4,000,000

(

98

)

(

21

)

(

119

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

6/20/2028

CNY

4,000,000

(

98

)

(

21

)

(

119

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/18/2028

CNY

1,000,000

114

(

180

)

(

66

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/18/2028

CNY

1,000,000

114

(

180

)

(

66

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

6/17/2031

CNY

500,000

(

315

)

(

79

)

(

394

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

6/17/2031

CNY

500,000

(

315

)

(

79

)

(

394

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

500,000

949

(

1,513

)

(

564

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

400,000

883

(

1,335

)

(

452

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

500,000

(

1,411

)

(

473

)

(

1,884

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

400,000

(

1,129

)

(

379

)

(

1,508

)

Pay

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2036

KRW

100,000,000

(

806

)

(

996

)

(

1,802

)

Pay

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2036

KRW

100,000,000

(

806

)

(

996

)

(

1,802

)

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2036

HKD

100,000

(

144

)

1

(

143

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

6/21/2028

ZAR

2,200,000

264

(

2,526

)

(

2,262

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

6/21/2028

ZAR

2,200,000

264

(

2,526

)

(

2,262

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

4,200,000

(

2,384

)

(

4,380

)

(

6,764

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

4,200,000

(

2,384

)

(

4,380

)

(

6,764

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

6/18/2031

ZAR

1,100,000

(

109

)

(

3,278

)

(

3,387

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

6/18/2031

ZAR

1,100,000

(

109

)

(

3,278

)

(

3,387

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

600,000

(

603

)

(

1,338

)

(

1,941

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

600,000

(

603

)

(

1,338

)

(

1,941

)

Pay

3M

JIBAR

Qtrly

8.50%

Qtrly

9/17/2036

ZAR

900,000

200

(

323

)

(

123

)

Pay

3M

JIBAR

Qtrly

8.50%

Qtrly

9/17/2036

ZAR

900,000

238

(

322

)

(

84

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2028

SEK

9,500,000

1,942

(

6,945

)

(

5,003

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2028

SEK

9,500,000

1,942

(

6,945

)

(

5,003

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2028

SEK

4,200,000

(

3,054

)

283

(

2,771

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2028

SEK

4,200,000

(

3,054

)

283

(

2,771

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

9/20/2028

SEK

5,300,000

(

2,544

)

(

6,318

)

(

8,862

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

9/20/2028

SEK

5,300,000

(

2,544

)

(

6,318

)

(

8,862

)

Pay

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2036

TWD

2,000,000

144

(

656

)

(

512

)

Pay

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2036

TWD

2,000,000

144

(

656

)

(

512

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

1,400,000

(

3,735

)

(

2,847

)

(

6,582

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

1,300,000

(

4,062

)

(

1,904

)

(

5,966

)

Pay

6M

BUBOR

Semi

6.00%

Annual

6/21/2028

HUF

14,300,000

(

197

)

(

791

)

(

988

)

Pay

6M

BUBOR

Semi

6.50%

Annual

6/21/2028

HUF

300,000

(

17

)

4

(

13

)

Pay

6M

BUBOR

Semi

6.00%

Annual

6/21/2028

HUF

14,300,000

(

197

)

(

791

)

(

988

)

Pay

6M

BUBOR

Semi

6.50%

Annual

6/21/2028

HUF

400,000

(

23

)

6

(

17

)

Pay

6M

BUBOR

Semi

7.00%

Annual

9/20/2028

HUF

5,000,000

(

146

)

58

(

88

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/20/2028

HUF

30,000,000

(

574

)

(

2,341

)

(

2,915

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/20/2028

HUF

30,000,000

(

574

)

(

2,341

)

(

2,915

)

Pay

6M

BUBOR

Semi

7.00%

Annual

9/20/2028

HUF

5,000,000

(

146

)

58

(

88

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

600,000

(

3,064

)

(

3,486

)

(

6,550

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

700,000

(

5,096

)

(

2,733

)

(

7,829

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

2,500,000

(

270

)

(

412

)

(

682

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

2,500,000

(

270

)

(

412

)

(

682

)

Pay

6M

PRIBOR

Semi

4.50%

Annual

9/17/2036

CZK

400,000

(

18

)

(

121

)

(

139

)

Pay

6M

PRIBOR

Semi

4.50%

Annual

9/17/2036

CZK

400,000

(

18

)

(

121

)

(

139

)

Pay

6M

WIBOR

Semi

3.50%

Annual

6/21/2028

PLN

300,000

(

1,006

)

(

429

)

(

1,435

)

260

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

6M

WIBOR

Semi

3.50%

Annual

6/21/2028

PLN

200,000

$

(

820

)

$

(

130

)

$

(

950

)

Pay

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

800,000

(

714

)

539

(

175

)

Pay

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

800,000

(

714

)

539

(

175

)

Pay

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

400,000

(

692

)

(

91

)

(

783

)

Pay

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

300,000

(

558

)

(

29

)

(

587

)

Receive

1D

CLICP

Semi

5.00%

Semi

6/20/2028

CLP

5,000,000

(

4

)

–

(

4

)

Receive

1D

CLICP

Semi

5.00%

Semi

6/20/2028

CLP

5,000,000

(

4

)

–

(

4

)

Receive

1D

CLICP

Semi

5.50%

Semi

6/17/2036

CLP

14,000,000

(

214

)

(

8

)

(

222

)

Receive

1D

CLICP

Semi

5.50%

Semi

6/17/2036

CLP

14,000,000

(

214

)

(

8

)

(

222

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

700,000

(

1,415

)

(

6

)

(

1,421

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

700,000

(

1,190

)

(

231

)

(

1,421

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

400,000

827

(

1,034

)

(

207

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

500,000

583

(

842

)

(

259

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

63,600,000

168

(

172

)

(

4

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

63,600,000

168

(

172

)

(

4

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

9/16/2031

COP

10,000,000

(

2

)

(

5

)

(

7

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

9/16/2031

COP

10,000,000

(

2

)

(

5

)

(

7

)

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

100,000

(

318

)

(

527

)

(

845

)

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

100,000

(

318

)

(

527

)

(

845

)

Receive

1D

SOFR

Annual

4.00%

Annual

6/18/2036

USD

800,000

(

7,372

)

(

282

)

(

7,654

)

Receive

1D

SOFR

Annual

4.00%

Annual

6/18/2036

USD

800,000

(

7,353

)

(

301

)

(

7,654

)

Receive

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

100,000

(

628

)

(

175

)

(

803

)

Receive

1D

SONIA

Annual

4.50%

Annual

6/18/2036

GBP

600,000

(

7,801

)

5,446

(

2,355

)

Receive

1D

SONIA

Annual

4.50%

Annual

6/18/2036

GBP

500,000

(

6,501

)

4,539

(

1,962

)

Receive

1D

SORA

Semi

2.50%

Semi

9/17/2036

SGD

100,000

(

493

)

–

(

493

)

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

6/14/2028

MXN

1,000,000

(

222

)

–

(

222

)

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

6/14/2028

MXN

1,000,000

(

222

)

–

(

222

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

6/11/2031

MXN

500,000

(

322

)

(

3

)

(

325

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

6/11/2031

MXN

500,000

(

322

)

(

3

)

(

325

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

978,700,000

(

11,321

)

6,953

(

4,368

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

978,700,000

(

11,321

)

6,953

(

4,368

)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

500,000

(

2,745

)

(

75

)

(

2,820

)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

500,000

(

2,583

)

(

237

)

(

2,820

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

200,000

(

91

)

(

390

)

(

481

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

300,000

(

169

)

(

552

)

(

721

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

200,000

(

55

)

(

80

)

(

135

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

400,000

(

141

)

(

119

)

(

260

)

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

6/21/2028

ZAR

1,300,000

(

117

)

44

(

73

)

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

6/21/2028

ZAR

1,300,000

(

117

)

44

(

73

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/21/2028

SEK

500,000

(

211

)

–

(

211

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/21/2028

SEK

500,000

(

211

)

–

(

211

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

500,000

(

147

)

–

(

147

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

500,000

(

147

)

–

(

147

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

500,000

(

147

)

35

(

112

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

500,000

(

147

)

35

(

112

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

100,000

(

272

)

(

17

)

(

289

)

Receive

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

1,000,000

(

2,183

)

(

483

)

(

2,666

)

Receive

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

1,000,000

(

2,183

)

(

397

)

(

2,580

)

Receive

6M

BUBOR

Semi

7.50%

Annual

6/21/2028

HUF

10,300,000

(

18

)

(

75

)

(

93

)

Receive

6M

BUBOR

Semi

7.50%

Annual

6/21/2028

HUF

10,400,000

(

18

)

(

76

)

(

94

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/21/2028

EUR

100,000

(

289

)

53

(

236

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

2,600,000

8,926

(

17,565

)

(

8,639

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

2,600,000

8,116

(

16,755

)

(

8,639

)

Receive

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

500,000

(

12

)

(

100

)

(

112

)

Receive

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

500,000

(

12

)

(

100

)

(

112

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

6/21/2028

CZK

2,100,000

(

243

)

(

140

)

(

383

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

6/21/2028

CZK

2,100,000

(

243

)

(

140

)

(

383

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

261

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

500,000

$

38

$

(

71

)

$

(

33

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

500,000

38

(

71

)

(

33

)

Receive

6M

WIBOR

Semi

4.50%

Annual

6/21/2028

PLN

800,000

(

384

)

224

(

160

)

Receive

6M

WIBOR

Semi

4.50%

Annual

6/21/2028

PLN

800,000

(

626

)

466

(

160

)

(

264,973

)

(

230,379

)

(

495,352

)

$

(

210,604

)

$

(

32,956

)

$

(

243,560

)

Abbreviations:

1D:

1

Day

1W:

1

Week

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

(a)

Floating

rate

indices

at

March

31,

2026

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

2.27%

1

Day

Chile

Indice

de

Camara

Promedio

Interbank

Overnight

Index

(“CLICP”):

4.78%

1

Day

Colombia

Overnight

Interbank

Rate

(“IBR”):

9.64%

1

Day

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIEOIS”):

6.94%

1

Day

Mumbai

Interbank

Overnight

Rate

(“MIBOR”):

6.98%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

3.68%

1

Day

Singapore

Overnight

Rate

Average

(“SORA”):

1.00%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

3.73%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

-0.07%

1

Day

Thailand

Overnight

Repo

Rate

(“THOR”):

0.99%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.72%

1

Week

China

Fixing

Repo

Rate

(“CNREPOFIX_CFXS”):

1.49%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.31%

3

Month

Hong

Kong

Interbank

Offered

Rate

(“HIBOR”):

2.36%

3

Month

Johannesburg

Interbank

Agreed

Rate

(“JIBAR”):

6.75%

3

Month

Korean

Certificate

of

Deposit

(“CD_KSDA”):

2.82%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

2.19%

3

Month

Taiwan

Secondary

Markets

Bills

Rate

(“TWCPBA”):

1.68%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.78%

6

Month

Budapest

Interbank

Offered

Rate

(“BUBOR”):

6.62%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

2.48%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.66%

6

Month

Prague

Interbank

Offered

Rate

(“PRIBOR”):

3.62%

6

Month

Warsaw

Interbank

Offered

Rate

(“WIBOR”):

3.79%

262

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Total

return

swap

contracts

outstanding

as

of

March

31,

2026

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Swiss

Market

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

GSIN

06/19/2026

CHF

(380,160)

$

1,143

Consumer

Discretionary

Select

Sector

Total

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(0.29%)

Monthly

GSIN

06/17/2026

USD

(60,235)

2,602

Energy

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.45%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

2,966

–

JPAQBDCX

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.55%)

Monthly

JPMC

03/31/2027

USD

(54,303)

–

Materials

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.45%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

14,570

75

MSCI

Australia

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

BBR

plus

or

minus

a

specified

spread

(-0.05%)

Monthly

JPMC

06/17/2026

AUD

(43,969)

870

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

263

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

EMU

Consumer

Staples

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.38%)

Monthly

GSIN

06/17/2026

EUR

(3,953)

$

127

MSCI

EMU

Energy

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.33%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

3,916

682

MSCI

EMU

Health

Care

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.65%)

Monthly

GSIN

06/17/2026

EUR

(11,411)

53

MSCI

EMU

Real

Estate

Net

EUR

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.14%)

Monthly

GSIN

06/17/2026

EUR

(1,397)

95

MSCI

EMU

Telecommunications

Services

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.15%)

Monthly

GSIN

06/17/2026

EUR

(6,353)

86

MSCI

EMU

Utilities

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.16%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

5,970

138

264

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Europe

Large

Cap

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.12%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

16,462

$

37

MSCI

Europe

Small

Cap

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.45%)

Monthly

GSIN

06/17/2026

EUR

(40,471)

209

MSCI

South

Africa

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

JIBAR

plus

or

minus

a

specified

spread

(-0.35%)

Monthly

JPMC

06/17/2026

ZAR

(494,409)

953

Real

Estate

Select

Sector

Total

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(0.34%)

Monthly

GSIN

06/17/2026

USD

(21,125)

434

Total

unrealized

appreciation

7,504

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/15/2026

TWD

3,195,400

(

4,282

)

WIG20

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/19/2026

PLN

199,380

(

388

)

Consumer

Staples

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.47%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

8,938

(

245

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

265

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Financial

Select

Sector

Total

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(0.39%)

Monthly

GSIN

06/17/2026

USD

(15,046)

$

(

31

)

Health

Care

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.48%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

12,727

(

495

)

Industrial

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.48%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

6,394

(

286

)

MSCI

China

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

HIBOR

plus

or

minus

a

specified

spread

(0.30%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

HKD

196,638

(

1,558

)

MSCI

EMU

Financials

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.59%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

2,508

(

78

)

MSCI

EMU

Industrials

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.01%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

3,250

(

257

)

266

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

EMU

Information

Technology

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.29%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

4,584

$

(

349

)

MSCI

EMU

Materials

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.66%)

Monthly

GSIN

06/17/2026

EUR

(504)

(

11

)

MSCI

Europe

Mid

Cap

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.44%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

27,244

(

633

)

MSCI

Hong

Kong

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

HIBOR

plus

or

minus

a

specified

spread

(0.60%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

HKD

528,099

(

1,087

)

MSCI

Sweden

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

STIBOR

plus

or

minus

a

specified

spread

(-1.25%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

SEK

468,253

(

1,927

)

Technology

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.49%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

54,092

(

2,604

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

267

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Utilities

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.46%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

4,959

$

(

6

)

Total

unrealized

depreciation

(

14,237

)

Net

unrealized

depreciation

$

(

6,733

)

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Hang

Seng

Mini

Index

2

4/2026

HKD

$

63,141

$

(

1,094

)

Hang

Seng

Mini

Index

8

4/2026

HKD

85,262

(

1,701

)

IBEX

35

Index

2

4/2026

EUR

39,221

(

511

)

KOSPI

200

Index

2

4/2026

KRW

48,759

(

6,278

)

OMXS30

Index

1

4/2026

SEK

30,845

(

857

)

SGX

FTSE

Taiwan

Index

3

4/2026

USD

309,960

(

14,312

)

Euro

STOXX

50

Index

2

6/2026

EUR

127,028

392

Euro-Bobl

3

6/2026

EUR

400,953

(

374

)

FTSE

100

Index

1

6/2026

GBP

134,994

3,175

FTSE/MIB

Index

3

6/2026

EUR

151,102

1,638

Long

Gilt

7

6/2026

GBP

818,302

(

29,422

)

NASDAQ

100

Micro

E-Mini

Index

5

6/2026

USD

239,150

(

6,947

)

Russell

2000

Micro

E-Mini

Index

6

6/2026

USD

75,366

321

S&P

500

Micro

E-Mini

Index

650

6/2026

USD

21,354,939

(

372,764

)

S&P

Midcap

400

E-Mini

Index

1

6/2026

USD

339,650

2,187

SET50

Index

8

6/2026

THB

46,642

374

TOPIX

Mini

Index

5

6/2026

JPY

110,394

(

4,980

)

U.S.

Treasury

2

Year

Note

6

6/2026

USD

1,244,859

868

3

Month

Euro

Euribor

3

9/2026

EUR

843,612

(

2,430

)

3

Month

SARON

1

12/2026

CHF

312,328

(

452

)

3

Month

CORRA

2

3/2027

CAD

349,544

(

846

)

3

Month

SOFR

2

3/2027

USD

481,850

(

113

)

3

Month

SONIA

1

3/2027

GBP

316,787

205

90-Day

Australian

Bank

Bill

7

6/2027

AUD

4,774,087

(

2,298

)

Total

of

long

contracts

(

436,219

)

Short

Contracts

CAC

40

10

Euro

Index

(

2

)

4/2026

EUR

(

180,890

)

828

IFSC

NIFTY

50

Index

(

1

)

4/2026

USD

(

44,963

)

1,151

MSCI

Singapore

Index

(

1

)

4/2026

SGD

(

33,958

)

167

SGX

FTSE

China

A50

Index

(

1

)

4/2026

USD

(

14,536

)

65

Australia

10

Year

Bond

(

9

)

6/2026

AUD

(

670,117

)

1,046

Australia

3

Year

Bond

(

1

)

6/2026

AUD

(

71,595

)

41

Canada

10

Year

Bond

(

8

)

6/2026

CAD

(

689,699

)

14,328

DAX

Index

(

3

)

6/2026

EUR

(

395,942

)

4,699

DJIA

CBOT

Micro

E-mini

Index

(

11

)

6/2026

USD

(

256,201

)

1,581

Euro-Schatz

(

1

)

6/2026

EUR

(

122,324

)

(

89

)

268

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

FTSE/JSE

Top

40

Index

(

4

)

6/2026

ZAR

$

(

252,667

)

$

5,475

Japan

10

Year

Bond

Mini

(

8

)

6/2026

JPY

(

657,623

)

5,675

MEX

BOLSA

Index

(

3

)

6/2026

MXN

(

114,903

)

(

4,559

)

Nikkei

225

Index

(

1

)

6/2026

JPY

(

32,236

)

400

SPI

200

Index

(

6

)

6/2026

AUD

(

881,032

)

5,877

U.S.

Treasury

10

Year

Note

(

6

)

6/2026

USD

(

665,906

)

1,063

U.S.

Treasury

Long

Bond

(

1

)

6/2026

USD

(

113,594

)

1,076

90-Day

Australian

Bank

Bill

(

3

)

9/2026

AUD

(

2,046,037

)

1,622

3

Month

Euro

Euribor

(

1

)

12/2026

EUR

(

281,016

)

2,161

3

Month

SOFR

(

1

)

12/2026

USD

(

240,850

)

273

3

Month

SONIA

(

1

)

12/2026

GBP

(

316,853

)

(

514

)

90-Day

Australian

Bank

Bill

(

10

)

12/2026

AUD

(

6,819,128

)

4,793

3

Month

Euro

Euribor

(

1

)

3/2027

EUR

(

280,915

)

1,639

90-Day

Australian

Bank

Bill

(

4

)

3/2027

AUD

(

2,727,717

)

1,654

3

Month

CORRA

(

1

)

6/2027

CAD

(

174,520

)

171

3

Month

SOFR

(

1

)

6/2027

USD

(

240,975

)

405

3

Month

SONIA

(

1

)

6/2027

GBP

(

316,787

)

(

382

)

3

Month

CORRA

(

2

)

9/2027

CAD

(

348,879

)

101

3

Month

Euro

Euribor

(

1

)

9/2027

EUR

(

281,117

)

(

572

)

3

Month

SOFR

(

1

)

9/2027

USD

(

241,125

)

789

3

Month

Euro

Euribor

(

1

)

12/2027

EUR

(

281,262

)

(

539

)

3

Month

SOFR

(

2

)

12/2027

USD

(

482,675

)

1,770

3

Month

Euro

Euribor

(

1

)

3/2028

EUR

(

281,276

)

(

290

)

3

Month

SOFR

(

2

)

3/2028

USD

(

482,975

)

1,138

3

Month

SONIA

(

1

)

3/2028

GBP

(

317,465

)

(

412

)

3

Month

SOFR

(

2

)

6/2028

USD

(

482,950

)

273

3

Month

SONIA

(

1

)

6/2028

GBP

(

317,532

)

1,698

Total

of

short

contracts

54,602

Net

unrealized

depreciation

$

(

381,617

)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

49,000

USD

33,567

CITI

6/17/2026

$

202

AUD

49,000

USD

33,567

JPMC

6/17/2026

202

BRL

1,838,956

USD

343,300

CITI

**

6/17/2026

5,726

BRL

1,970,858

USD

368,040

JPMC

**

6/17/2026

6,021

CAD

92,500

USD

66,680

CITI

6/17/2026

37

CAD

92,500

USD

66,680

JPMC

6/17/2026

37

CHF

13,000

USD

16,382

CITI

6/17/2026

13

CHF

13,000

USD

16,382

JPMC

6/17/2026

13

CLP

50,000,000

USD

53,897

CITI

**

6/17/2026

120

CLP

50,000,000

USD

53,897

JPMC

**

6/17/2026

120

CNY

920,491

USD

134,047

CITI

**

6/17/2026

312

CNY

920,491

USD

134,046

JPMC

**

6/17/2026

313

COP

1,120,237,548

USD

292,942

CITI

**

6/17/2026

6,605

COP

1,120,237,551

USD

292,942

JPMC

**

6/17/2026

6,605

CZK

500,000

USD

23,535

CITI

6/17/2026

32

CZK

500,000

USD

23,535

JPMC

6/17/2026

32

EUR

202,999

USD

234,827

CITI

6/17/2026

635

EUR

203,001

USD

234,829

JPMC

6/17/2026

635

GBP

27,000

USD

35,654

CITI

6/17/2026

75

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

269

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

GBP

27,000

USD

35,654

JPMC

6/17/2026

$

75

HUF

18,078,981

USD

53,262

CITI

6/17/2026

818

HUF

19,807,798

USD

58,586

JPMC

6/17/2026

666

JPY

23,750,001

USD

149,912

CITI

6/17/2026

705

JPY

23,750,000

USD

149,911

JPMC

6/17/2026

705

KRW

49,999,999

USD

33,213

CITI

**

6/17/2026

98

KRW

50,000,001

USD

33,213

JPMC

**

6/17/2026

98

MXN

2,000,000

USD

109,762

CITI

6/17/2026

1,083

MXN

2,000,000

USD

109,762

JPMC

6/17/2026

1,083

NOK

1,000,000

USD

102,450

CITI

6/17/2026

758

NOK

1,000,000

USD

102,450

JPMC

6/17/2026

758

NZD

205,500

USD

118,114

CITI

6/17/2026

297

NZD

205,500

USD

118,113

JPMC

6/17/2026

297

PEN

13,680

USD

3,909

CITI

**

6/17/2026

6

PEN

13,680

USD

3,909

JPMC

**

6/17/2026

6

PLN

310,000

USD

82,976

CITI

6/17/2026

510

PLN

310,000

USD

82,976

JPMC

6/17/2026

510

USD

146,177

AUD

207,502

CITI

6/17/2026

3,173

USD

146,176

AUD

207,500

JPMC

6/17/2026

3,173

USD

483,081

CAD

659,732

CITI

6/17/2026

7,239

USD

483,082

CAD

659,732

JPMC

6/17/2026

7,240

USD

965,579

CHF

743,090

CITI

6/17/2026

28,401

USD

965,581

CHF

743,090

JPMC

6/17/2026

28,403

USD

119,032

CLP

106,649,350

CITI

**

6/17/2026

3,814

USD

119,032

CLP

106,649,350

JPMC

**

6/17/2026

3,815

USD

200,337

CNY

1,366,647

CITI

**

6/17/2026

855

USD

205,794

CNY

1,403,968

JPMC

**

6/17/2026

865

USD

351,486

CZK

7,250,000

CITI

6/17/2026

9,759

USD

351,657

CZK

7,250,000

JPMC

6/17/2026

9,930

USD

845,977

EUR

722,042

CITI

6/17/2026

8,469

USD

849,662

EUR

725,155

JPMC

6/17/2026

8,543

USD

683,709

GBP

509,245

CITI

6/17/2026

9,828

USD

683,710

GBP

509,245

JPMC

6/17/2026

9,829

USD

37,316

HUF

12,207,177

CITI

6/17/2026

801

USD

38,963

HUF

12,773,829

JPMC

6/17/2026

753

USD

59,083

IDR

1,000,000,000

CITI

**

6/17/2026

307

USD

59,083

IDR

1,000,000,000

JPMC

**

6/17/2026

307

USD

357,246

ILS

1,105,613

CITI

6/17/2026

4,801

USD

357,214

ILS

1,105,616

JPMC

6/17/2026

4,768

USD

377,684

INR

35,000,004

CITI

**

6/17/2026

8,906

USD

377,685

INR

34,999,996

JPMC

**

6/17/2026

8,907

USD

348,445

JPY

54,394,439

CITI

6/17/2026

3,489

USD

348,194

JPY

54,355,563

JPMC

6/17/2026

3,485

USD

325,026

KRW

479,261,594

CITI

**

6/17/2026

5,731

USD

325,031

KRW

479,274,840

JPMC

**

6/17/2026

5,726

USD

474,662

MXN

8,364,073

CITI

6/17/2026

11,102

USD

474,664

MXN

8,364,077

JPMC

6/17/2026

11,103

USD

–

(a)

NOK

1

CITI

6/17/2026

–

USD

–

(a)

NOK

2

JPMC

6/17/2026

–

USD

223,913

NZD

373,501

CITI

6/17/2026

8,699

USD

223,912

NZD

373,500

JPMC

6/17/2026

8,700

USD

6,628

PEN

23,000

CITI

**

6/17/2026

46

USD

6,628

PEN

23,000

JPMC

**

6/17/2026

46

USD

42,886

PHP

2,500,000

CITI

**

6/17/2026

1,843

USD

42,887

PHP

2,500,000

JPMC

**

6/17/2026

1,844

USD

536,627

PLN

1,936,399

CITI

6/17/2026

15,139

USD

536,420

PLN

1,933,997

JPMC

6/17/2026

15,579

USD

274,145

SEK

2,500,000

CITI

6/17/2026

9,034

270

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

274,145

SEK

2,500,000

JPMC

6/17/2026

$

9,035

USD

844,911

SGD

1,062,432

CITI

6/17/2026

14,109

USD

844,913

SGD

1,062,432

JPMC

6/17/2026

14,111

USD

270,574

THB

8,424,999

CITI

6/17/2026

13,514

USD

270,575

THB

8,425,000

JPMC

6/17/2026

13,515

USD

108,908

TWD

3,477,182

CITI

**

6/17/2026

711

USD

110,347

TWD

3,522,818

JPMC

**

6/17/2026

730

USD

203,905

ZAR

3,379,721

CITI

6/17/2026

5,334

USD

202,426

ZAR

3,352,830

JPMC

6/17/2026

5,435

Total

unrealized

appreciation

387,154

AUD

618,502

USD

438,273

CITI

6/17/2026

(

12,020

)

AUD

618,500

USD

438,270

JPMC

6/17/2026

(

12,019

)

BRL

21,600

USD

4,109

CITI

**

6/17/2026

(

10

)

BRL

21,600

USD

4,109

JPMC

**

6/17/2026

(

10

)

CAD

786,232

USD

577,093

CITI

6/17/2026

(

10,010

)

CAD

786,232

USD

577,092

JPMC

6/17/2026

(

10,010

)

CHF

48,000

USD

61,358

CITI

6/17/2026

(

821

)

CHF

48,000

USD

61,358

JPMC

6/17/2026

(

821

)

CLP

100,000,000

USD

111,233

CITI

**

6/17/2026

(

3,199

)

CLP

100,000,000

USD

111,232

JPMC

**

6/17/2026

(

3,199

)

CNY

1,251,365

USD

183,335

CITI

**

6/17/2026

(

680

)

CNY

1,288,686

USD

188,791

JPMC

**

6/17/2026

(

689

)

CZK

1,500,000

USD

71,050

CITI

6/17/2026

(

347

)

CZK

1,500,000

USD

71,050

JPMC

6/17/2026

(

347

)

EUR

512,789

USD

603,995

CITI

6/17/2026

(

9,202

)

EUR

515,901

USD

607,672

JPMC

6/17/2026

(

9,269

)

GBP

531,001

USD

709,294

CITI

6/17/2026

(

6,626

)

GBP

531,000

USD

709,291

JPMC

6/17/2026

(

6,624

)

HUF

83,459,122

USD

258,209

CITI

6/17/2026

(

8,557

)

HUF

83,624,210

USD

257,861

JPMC

6/17/2026

(

7,715

)

ILS

33,999

USD

10,917

CITI

6/17/2026

(

78

)

ILS

34,001

USD

10,917

JPMC

6/17/2026

(

78

)

INR

23,382,738

USD

254,087

CITI

**

6/17/2026

(

7,713

)

INR

23,382,731

USD

254,086

JPMC

**

6/17/2026

(

7,713

)

JPY

146,169,296

USD

942,203

CITI

6/17/2026

(

15,233

)

JPY

146,130,422

USD

941,949

JPMC

6/17/2026

(

15,227

)

KRW

1,358,080,761

USD

942,238

CITI

**

6/17/2026

(

37,452

)

KRW

1,358,094,004

USD

942,246

JPMC

**

6/17/2026

(

37,451

)

MXN

3,364,073

USD

189,418

CITI

6/17/2026

(

2,971

)

MXN

3,364,077

USD

189,418

JPMC

6/17/2026

(

2,971

)

NOK

2,250,001

USD

234,621

CITI

6/17/2026

(

2,403

)

NOK

2,250,002

USD

234,620

JPMC

6/17/2026

(

2,403

)

NZD

114,501

USD

67,263

CITI

6/17/2026

(

1,287

)

NZD

114,500

USD

67,262

JPMC

6/17/2026

(

1,287

)

PEN

177,820

USD

52,559

CITI

**

6/17/2026

(

1,669

)

PEN

177,820

USD

52,559

JPMC

**

6/17/2026

(

1,669

)

PHP

7,500,000

USD

128,719

CITI

**

6/17/2026

(

5,587

)

PHP

7,500,000

USD

128,719

JPMC

**

6/17/2026

(

5,587

)

PLN

523,209

USD

142,484

CITI

6/17/2026

(

1,577

)

PLN

517,289

USD

140,931

JPMC

6/17/2026

(

1,618

)

SEK

1,000,000

USD

109,627

CITI

6/17/2026

(

3,583

)

SEK

1,000,000

USD

109,627

JPMC

6/17/2026

(

3,583

)

SGD

58,500

USD

45,960

CITI

6/17/2026

(

214

)

SGD

58,500

USD

45,960

JPMC

6/17/2026

(

214

)

THB

3,024,999

USD

94,931

CITI

6/17/2026

(

2,634

)

THB

3,025,001

USD

94,931

JPMC

6/17/2026

(

2,634

)

TWD

25,977,182

USD

825,331

CITI

**

6/17/2026

(

17,014

)

TWD

26,022,818

USD

826,799

JPMC

**

6/17/2026

(

17,059

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

271

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

223,167

BRL

1,196,168

CITI

**

6/17/2026

$

(

3,860

)

USD

247,616

BRL

1,328,070

JPMC

**

6/17/2026

(

4,446

)

USD

19,074

CAD

26,500

CITI

6/17/2026

(

40

)

USD

19,074

CAD

26,500

JPMC

6/17/2026

(

40

)

USD

3,781

CHF

3,000

CITI

6/17/2026

(

2

)

USD

3,781

CHF

3,000

JPMC

6/17/2026

(

2

)

USD

62,308

CNY

427,844

CITI

**

6/17/2026

(

142

)

USD

62,308

CNY

427,843

JPMC

**

6/17/2026

(

142

)

USD

65,678

COP

249,999,998

CITI

**

6/17/2026

(

1,171

)

USD

65,723

COP

250,000,002

JPMC

**

6/17/2026

(

1,127

)

USD

23,388

CZK

500,000

CITI

6/17/2026

(

179

)

USD

23,388

CZK

500,000

JPMC

6/17/2026

(

179

)

USD

350,038

EUR

303,177

CITI

6/17/2026

(

1,622

)

USD

350,040

EUR

303,178

JPMC

6/17/2026

(

1,621

)

USD

103,183

GBP

78,001

CITI

6/17/2026

(

36

)

USD

103,180

GBP

77,999

JPMC

6/17/2026

(

36

)

USD

48,873

HUF

16,609,932

CITI

6/17/2026

(

813

)

USD

52,585

HUF

17,937,185

JPMC

6/17/2026

(

1,071

)

USD

28,517

ILS

90,000

CITI

6/17/2026

(

173

)

USD

28,517

ILS

90,000

JPMC

6/17/2026

(

173

)

USD

442,536

JPY

69,999,999

CITI

6/17/2026

(

1,386

)

USD

442,537

JPY

70,000,001

JPMC

6/17/2026

(

1,386

)

USD

52,138

KRW

78,819,166

CITI

**

6/17/2026

(

373

)

USD

52,164

KRW

78,819,165

JPMC

**

6/17/2026

(

347

)

USD

102,324

NOK

1,000,000

CITI

6/17/2026

(

884

)

USD

102,324

NOK

1,000,000

JPMC

6/17/2026

(

884

)

USD

1,998

PEN

7,000

CITI

**

6/17/2026

(

5

)

USD

1,998

PEN

7,000

JPMC

**

6/17/2026

(

5

)

USD

163,926

PHP

10,000,000

CITI

**

6/17/2026

(

246

)

USD

163,926

PHP

10,000,000

JPMC

**

6/17/2026

(

246

)

USD

11,228

PLN

41,783

CITI

6/17/2026

(

24

)

USD

10,281

PLN

38,264

JPMC

6/17/2026

(

23

)

USD

105,756

SEK

1,000,000

CITI

6/17/2026

(

288

)

USD

105,756

SEK

1,000,000

JPMC

6/17/2026

(

288

)

USD

15,545

TWD

500,000

CITI

**

6/17/2026

(

13

)

USD

15,545

TWD

500,000

JPMC

**

6/17/2026

(

13

)

USD

160,633

ZAR

2,751,979

CITI

6/17/2026

(

1,057

)

USD

160,633

ZAR

2,751,983

JPMC

6/17/2026

(

1,056

)

ZAR

3,579,718

USD

219,332

CITI

6/17/2026

(

9,011

)

ZAR

3,552,830

USD

217,851

JPMC

6/17/2026

(

9,108

)

Total

unrealized

depreciation

(

344,602

)

Net

unrealized

appreciation

$

42,552

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

(a)

Represents

less

than

$0.5.

272

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

330.9%

COMMON

STOCKS

-

269.4%

Australia

-

7

.1

%

AGL

Energy

Ltd.

(2)(a)

19,998

136,903

ANZ

Group

Holdings

Ltd.

(2)(a)

4,657

117,101

APA

Group

(2)(a)

10,143

69,872

BHP

Group

Ltd.

(2)(a)

28,244

1,021,940

Brambles

Ltd.

(2)(a)

1,174

18,425

Evolution

Mining

Ltd.

(2)(a)

35,961

323,818

Harvey

Norman

Holdings

Ltd.

(2)(a)

21,499

73,858

IGO

Ltd.

(2)*(a)

42,154

235,339

Mineral

Resources

Ltd.

(2)*(a)

2,657

102,063

Northern

Star

Resources

Ltd.

(2)(a)

28,273

410,999

OceanaGold

Corp.

(a)

256

8,071

Orica

Ltd.

(2)(a)

13,485

189,526

Origin

Energy

Ltd.

(2)(a)

6,408

55,142

Pro

Medicus

Ltd.

(2)(a)

752

61,978

QBE

Insurance

Group

Ltd.

(2)(a)

14,833

218,887

SEEK

Ltd.

(2)(a)

1,640

16,116

South32

Ltd.

(2)(a)

155,429

470,640

Technology

One

Ltd.

(2)(a)

4,577

86,882

Telstra

Group

Ltd.

(2)(a)

44,609

164,679

Wesfarmers

Ltd.

(2)(a)

2,163

110,434

Whitehaven

Coal

Ltd.

(2)(a)

13,119

84,650

Worley

Ltd.

(2)(a)

23,826

187,159

4,164,482

Austria

-

0

.0

%

†

Mondi

plc

(2)(a)

2,030

22,950

Belgium

-

0

.9

%

Ageas

SA/NV

(2)(a)

1,497

110,199

KBC

Group

NV

(2)(a)

1,944

237,930

Liberty

Global

Ltd.,

Class

A

*(a)

12,108

146,386

Umicore

SA

(2)(a)

2,308

44,031

538,546

Brazil

-

0

.2

%

Wheaton

Precious

Metals

Corp.

601

78,889

Yara

International

ASA

(2)

631

36,885

115,774

Canada

-

8

.2

%

Agnico

Eagle

Mines

Ltd.

(a)

486

98,650

Alamos

Gold,

Inc.,

Class

A

(a)

2,407

107,087

Alimentation

Couche-Tard,

Inc.

(a)

725

41,094

AltaGas

Ltd.

(a)

613

21,262

ARC

Resources

Ltd.

(a)

16,627

346,022

Aritzia,

Inc.

*(a)

782

63,815

Bank

of

Nova

Scotia

(The)

(a)

3,670

254,507

Barrick

Mining

Corp.

(a)

2,183

89,213

Canadian

National

Railway

Co.

(a)

3,926

404,086

Canadian

Natural

Resources

Ltd.

(a)

7,185

350,495

Canadian

Pacific

Kansas

City

Ltd.

(a)

3,087

242,926

CCL

Industries,

Inc.,

Class

B

(a)

1,178

73,808

Celestica,

Inc.

*(a)

1,353

381,672

Descartes

Systems

Group,

Inc.

(The)

*(a)

1,787

127,997

Empire

Co.

Ltd.,

Class

A

(a)

3,672

131,533

INVESTMENTS

SHARES

VALUE

($)

Canada

-

8.2%

(continued)

Fairfax

Financial

Holdings

Ltd.

(a)

67

114,162

George

Weston

Ltd.

(a)

1,322

93,398

iA

Financial

Corp.,

Inc.

(a)

170

18,866

Intact

Financial

Corp.

(a)

673

121,954

Kinross

Gold

Corp.

(a)

4,493

137,364

Loblaw

Cos.

Ltd.

(a)

1,992

90,815

Lundin

Gold,

Inc.

(a)

3,314

253,261

Magna

International,

Inc.

(a)

411

22,953

Metro,

Inc.,

Class

A

(a)

427

29,216

Pan

American

Silver

Corp.

(a)

514

28,118

Quebecor,

Inc.,

Class

B

(a)

807

34,267

Royal

Bank

of

Canada

(a)

85

13,741

Saputo,

Inc.

(a)

603

18,839

Sun

Life

Financial,

Inc.

(a)

814

50,996

Suncor

Energy,

Inc.

(a)

9,852

651,631

TFI

International,

Inc.

(a)

1,096

119,299

Toromont

Industries

Ltd.

(a)

210

29,401

Toronto-Dominion

Bank

(The)

(a)

1,105

103,200

Tourmaline

Oil

Corp.

(a)

3,048

145,882

4,811,530

Chile

-

0

.0

%

†

Lundin

Mining

Corp.

(a)(b)

681

16,982

China

-

0

.2

%

Wilmar

International

Ltd.

(2)

35,700

107,256

Denmark

-

2

.1

%

Danske

Bank

A/S

(2)(a)

11,114

547,726

Genmab

A/S

(2)*(a)

257

69,216

ISS

A/S

(2)(a)

6,288

229,032

Jyske

Bank

A/S

(Registered)

(2)(a)

637

87,411

Orsted

A/S

(2)*(a)(c)

4,014

99,543

Pandora

A/S

(2)(a)

626

44,743

Royal

Unibrew

A/S

(a)

471

38,211

Vestas

Wind

Systems

A/S

(2)(a)

3,352

101,133

Zealand

Pharma

A/S

(2)*(a)

635

29,572

1,246,587

Finland

-

1

.1

%

Kone

OYJ,

Class

B

(2)(a)

609

38,879

Nordea

Bank

Abp

(2)(a)

10,915

187,947

Sampo

OYJ,

Class

A

(a)

6,767

71,975

UPM-Kymmene

OYJ

(2)(a)

1,261

39,469

Wartsila

OYJ

Abp

(2)(a)

8,814

328,304

666,574

France

-

9

.0

%

Air

France-KLM

(2)*(a)

7,983

80,910

BNP

Paribas

SA

(2)(a)

6,907

657,986

Bouygues

SA

(2)(a)

1,470

85,196

Carrefour

SA

(2)(a)

37,554

695,345

Credit

Agricole

SA

(2)(a)

17,370

324,200

Dassault

Aviation

SA

(2)(a)

228

84,862

Eiffage

SA

(2)(a)

1,734

265,939

Gaztransport

Et

Technigaz

SA

(2)(a)

104

24,460

Hermes

International

SCA

(2)(a)

132

250,054

Ipsen

SA

(2)(a)

117

21,865

Legrand

SA

(2)(a)

214

33,246

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(2)(a)

133

72,704

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

273

(Continued)

INVESTMENTS

SHARES

VALUE

($)

France

-

9.0%

(continued)

Orange

SA

(2)(a)

7,787

159,657

Safran

SA

(2)(a)

1,156

378,277

SCOR

SE

(2)(a)

1,346

48,107

SEB

SA

(2)(a)

587

30,329

Societe

Generale

SA

(2)(a)

7,194

525,284

Thales

SA

(2)(a)

2,258

662,149

TotalEnergies

SE

(2)(a)

6,783

622,504

Valeo

SE

(2)(a)

6,151

75,324

Vinci

SA

(2)(a)

905

135,840

5,234,238

Germany

-

8

.5

%

adidas

AG

(2)(a)

4,161

673,485

Allianz

SE

(Registered)

(2)(a)

1,375

580,687

Bayer

AG

(Registered)

(2)(a)

2,293

106,116

Bechtle

AG

(2)(a)

1,450

50,004

Commerzbank

AG

(2)(a)

2,171

79,197

Continental

AG

(2)(a)

1,644

114,763

Daimler

Truck

Holding

AG

(2)(a)

4,098

201,809

Deutsche

Bank

AG

(Registered)

(2)(a)

11,081

329,772

Deutsche

Lufthansa

AG

(Registered)

(2)(a)

20,629

175,672

Deutsche

Telekom

AG

(Registered)

(2)(a)

9,930

370,620

E.ON

SE

(2)(a)

2,570

56,287

Fraport

AG

Frankfurt

Airport

Services

Worldwide

(2)*(a)

465

40,509

Freenet

AG

(2)(a)

1,322

40,706

Fresenius

Medical

Care

AG

(2)(a)

1,317

59,683

GEA

Group

AG

(2)(a)

441

31,628

HUGO

BOSS

AG

(2)(a)

2,921

126,438

LANXESS

AG

(2)(a)

6

133

Mercedes-Benz

Group

AG

(2)(a)

7,053

433,498

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

(Registered)

(2)(a)

32

20,209

Nemetschek

SE

(2)(a)

245

18,341

Nordex

SE

(2)*(a)

3,157

171,086

Rational

AG

(2)(a)

61

44,753

Rheinmetall

AG

(2)(a)

184

310,369

RWE

AG

(2)(a)

2,054

138,191

Scout24

SE

(2)(a)(c)

305

23,533

Siemens

Energy

AG

(2)(a)

4,421

762,399

Talanx

AG

(2)(a)

249

30,898

4,990,786

Hong

Kong

-

0

.1

%

Prudential

plc

(2)(a)

1,466

20,382

Techtronic

Industries

Co.

Ltd.

(2)(a)

1,500

19,920

40,302

Italy

-

4

.9

%

A2A

SpA

(2)(a)

62,213

176,164

Amplifon

SpA

(2)(a)

19,327

213,231

Enel

SpA

(2)(a)

9,908

108,322

Eni

SpA

(2)(a)

3,875

110,181

Fincantieri

SpA

(2)*(a)

13,164

203,126

FinecoBank

Banca

Fineco

SpA

(2)

(a)

9,264

206,112

INVESTMENTS

SHARES

VALUE

($)

Italy

-

4.9%

(continued)

Generali

(2)(a)

2,552

102,671

Hera

SpA

(2)(a)

9,643

44,480

Intesa

Sanpaolo

SpA

(2)(a)

19,802

119,760

Leonardo

SpA

(2)(a)

10,088

686,181

Nexi

SpA

(2)(a)(c)

31,904

118,840

Pirelli

&

C

SpA

(2)(a)(c)

9,337

64,607

Poste

Italiane

SpA

(2)(a)(c)

5,358

126,121

Saipem

SpA

(2)(a)

12,506

57,219

Snam

SpA

(2)(a)

2,749

20,825

Telecom

Italia

SpA

(2)*(a)

171,600

120,481

UniCredit

SpA

(2)(a)

5,171

370,987

2,849,308

Ivory

Coast

-

0

.0

%

†

Endeavour

Mining

plc

(2)(a)

306

18,436

Japan

-

33

.1

%

Advantest

Corp.

(2)(a)

700

96,605

Aeon

Co.

Ltd.

(2)(a)

18,100

216,403

AGC,

Inc.

(2)(a)

600

21,257

Aisin

Corp.

(2)(a)

2,500

35,220

ANA

Holdings,

Inc.

(2)(a)

9,100

162,974

Asahi

Group

Holdings

Ltd.

(2)(a)

16,600

165,745

Asahi

Intecc

Co.

Ltd.

(2)(a)

3,600

76,875

Asahi

Kasei

Corp.

(2)(a)

8,600

84,147

Astellas

Pharma,

Inc.

(2)(a)

44,900

731,951

BayCurrent,

Inc.

(2)(a)

9,500

274,990

Brother

Industries

Ltd.

(2)(a)

7,200

133,294

Canon,

Inc.

(2)(a)

13,900

385,688

Central

Japan

Railway

Co.

(2)(a)

6,800

176,808

Chubu

Electric

Power

Co.,

Inc.

(2)

(a)

8,900

146,734

Concordia

Financial

Group

Ltd.

(2)

(a)

16,400

146,390

Dai

Nippon

Printing

Co.

Ltd.

(2)(a)

8,600

156,692

Daiichi

Life

Group,

Inc.

(2)(a)

9,700

89,453

Daikin

Industries

Ltd.

(2)(a)

500

59,973

Denso

Corp.

(2)(a)

1,700

21,315

Dentsu

Group,

Inc.

(2)*(a)

900

15,469

Disco

Corp.

(2)(a)

200

81,517

Eisai

Co.

Ltd.

(2)(a)

2,600

81,398

ENEOS

Holdings,

Inc.

(2)(a)

17,200

154,974

FANUC

Corp.

(2)(a)

5,400

188,227

Fujitsu

Ltd.

(2)(a)

2,900

59,307

Fukuoka

Financial

Group,

Inc.

(2)

(a)

7,300

279,558

Hitachi

Ltd.

(2)(a)

4,100

120,276

Honda

Motor

Co.

Ltd.

(2)(a)

55,800

451,621

Hoya

Corp.

(2)(a)

1,400

242,705

Idemitsu

Kosan

Co.

Ltd.

(2)(a)

3,400

33,380

Iida

Group

Holdings

Co.

Ltd.

(2)(a)

2,900

44,614

Isetan

Mitsukoshi

Holdings

Ltd.

(2)

(a)

27,900

514,069

Japan

Airlines

Co.

Ltd.

(2)(a)

9,000

146,938

Japan

Post

Bank

Co.

Ltd.

(2)(a)

36,200

590,429

Japan

Post

Holdings

Co.

Ltd.

(2)(a)

26,200

302,517

Japan

Tobacco,

Inc.

(2)(a)

2,500

95,910

JFE

Holdings,

Inc.

(2)(a)

27,700

324,291

Kajima

Corp.

(2)(a)

1,000

38,149

Kirin

Holdings

Co.

Ltd.

(2)(a)

17,900

284,721

274

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

33.1%

(continued)

Kobe

Bussan

Co.

Ltd.

(2)(a)

5,200

112,523

Kobe

Steel

Ltd.

(2)(a)

24,800

300,976

Komatsu

Ltd.

(2)(a)

1,500

59,731

Kyoto

Financial

Group,

Inc.

(2)(a)

2,900

76,411

Kyushu

Electric

Power

Co.,

Inc.

(2)

(a)

7,100

82,300

LY

Corp.

(2)(a)

93,000

224,235

Marubeni

Corp.

(2)(a)

2,900

106,088

MatsukiyoCocokara

&

Co.

(a)

12,900

205,321

MINEBEA

MITSUMI,

Inc.

(2)(a)

8,600

142,804

Mitsubishi

Chemical

Group

Corp.

(2)(a)

18,500

108,153

Mitsubishi

Electric

Corp.

(2)(a)

5,400

176,618

Mitsui

&

Co.

Ltd.

(2)(a)

1,400

54,114

Mitsui

Chemicals,

Inc.

(2)(a)

16,000

193,280

Mizuho

Financial

Group,

Inc.

(2)(a)

14,500

587,014

MS&AD

Insurance

Group

Holdings,

Inc.

(2)(a)

8,700

227,032

Murata

Manufacturing

Co.

Ltd.

(2)

(a)

19,300

433,039

Nexon

Co.

Ltd.

(2)(a)

8,600

161,996

NIPPON

EXPRESS

HOLDINGS,

Inc.

(2)(a)

1,800

40,682

Nippon

Steel

Corp.

(2)(a)

82,400

303,854

Nippon

Yusen

KK

(2)(a)

2,100

77,143

Nissan

Chemical

Corp.

(2)(a)

1,000

38,886

Nissan

Motor

Co.

Ltd.

(2)*(a)

24,000

52,017

Niterra

Co.

Ltd.

(2)(a)

1,400

66,012

Nomura

Holdings,

Inc.

(2)(a)

27,500

216,536

Obayashi

Corp.

(2)(a)

6,100

147,745

Obic

Co.

Ltd.

(a)

16,700

405,333

Oji

Holdings

Corp.

(2)(a)

6,900

37,329

Omron

Corp.

(2)(a)

13,200

379,752

Ono

Pharmaceutical

Co.

Ltd.

(2)(a)

2,500

40,125

Oracle

Corp.

Japan

(a)

100

5,423

ORIX

Corp.

(2)(a)

3,400

100,883

Otsuka

Corp.

(2)(a)

1,300

24,888

Pan

Pacific

International

Holdings

Corp.

(2)(a)

44,600

272,071

Panasonic

Holdings

Corp.

(2)(a)

32,700

548,423

Rakuten

Group,

Inc.

(2)*(a)

57,200

267,384

Recruit

Holdings

Co.

Ltd.

(2)(a)

7,700

335,489

Renesas

Electronics

Corp.

(2)(a)

2,900

41,462

Resona

Holdings,

Inc.

(2)(a)

46,600

531,600

Sanwa

Holdings

Corp.

(2)(a)

7,400

168,293

Seiko

Epson

Corp.

(2)(a)

10,100

124,868

Seven

&

i

Holdings

Co.

Ltd.

(2)(a)

36,200

486,876

Shimano,

Inc.

(2)(a)

1,000

104,403

Shimizu

Corp.

(2)(a)

17,800

319,352

Shin-Etsu

Chemical

Co.

Ltd.

(2)(a)

6,500

264,672

Shionogi

&

Co.

Ltd.

(2)(a)

10,600

234,482

Shiseido

Co.

Ltd.

(2)(a)

4,600

93,979

Shizuoka

Financial

Group,

Inc.

(2)

(a)

11,900

197,594

SMC

Corp.

(2)(a)

400

157,319

Sojitz

Corp.

(2)(a)

6,900

273,219

Sony

Financial

Group,

Inc.

(2)

116,400

106,629

Square

Enix

Holdings

Co.

Ltd.

(2)

(a)

5,000

79,680

Subaru

Corp.

(2)(a)

2,100

33,834

INVESTMENTS

SHARES

VALUE

($)

Japan

-

33.1%

(continued)

Sumitomo

Corp.

(2)(a)

6,400

239,482

Sumitomo

Metal

Mining

Co.

Ltd.

(2)(a)

900

52,383

Sumitomo

Mitsui

Trust

Group,

Inc.

(2)(a)

9,300

296,267

TBS

Holdings,

Inc.

(2)(a)

1,900

68,460

Tokio

Marine

Holdings,

Inc.

(2)(a)

2,400

112,658

Tokyo

Century

Corp.

(2)(a)

2,600

33,656

Tokyo

Electron

Ltd.

(2)(a)

1,300

322,986

Tokyo

Gas

Co.

Ltd.

(2)(a)

4,000

188,384

TOPPAN

Holdings,

Inc.

(2)(a)

2,500

65,937

Tosoh

Corp.

(2)(a)

2,500

37,162

TOTO

Ltd.

(2)(a)

600

19,837

Toyota

Motor

Corp.

(2)(a)

22,200

461,479

Toyota

Tsusho

Corp.

(2)(a)

3,100

120,146

USS

Co.

Ltd.

(2)(a)

8,500

89,410

Yamato

Holdings

Co.

Ltd.

(2)(a)

2,500

27,879

Yamazaki

Baking

Co.

Ltd.

(2)(a)

1,000

22,353

Yokogawa

Electric

Corp.

(2)(a)

1,700

52,536

19,273,471

Netherlands

-

3

.5

%

ABN

AMRO

Bank

NV,

CVA

(2)(a)(c)

6,498

205,992

Argenx

SE

(2)*(a)

215

156,034

ASM

International

NV

(2)(a)

292

221,322

ASML

Holding

NV

(2)(a)

439

583,763

ASR

Nederland

NV

(2)(a)

1,749

120,413

EXOR

NV

(2)(a)

230

17,606

Heineken

NV

(2)(a)

4,449

342,210

NN

Group

NV

(2)(a)

4,704

367,363

Randstad

NV

(2)(a)

157

4,098

2,018,801

Nigeria

-

0

.2

%

Airtel

Africa

plc

(2)(c)

21,911

101,039

Norway

-

1

.1

%

Gjensidige

Forsikring

ASA

(2)(a)

1,720

44,993

Kongsberg

Gruppen

ASA

(a)

9,014

384,238

Norsk

Hydro

ASA

(2)(a)

2,171

23,139

Storebrand

ASA

(2)(a)

3,783

68,282

Telenor

ASA

(a)

4,913

86,408

Vend

Marketplaces

ASA

(a)

819

20,266

627,326

Portugal

-

0

.3

%

Banco

Comercial

Portugues

SA,

Class

R

(2)

167,415

163,057

EDP

SA

(2)

5,874

31,083

194,140

Singapore

-

0

.9

%

DBS

Group

Holdings

Ltd.

(2)

1,000

44,500

Genting

Singapore

Ltd.

(2)

86,200

45,493

Keppel

Ltd.

(2)

5,400

49,746

Oversea-Chinese

Banking

Corp.

Ltd.

(2)

1,200

20,553

Sea

Ltd.,

ADR

*(a)

2,689

222,677

Sembcorp

Industries

Ltd.

(2)

3,900

20,253

Singapore

Telecommunications

Ltd.

12,000

46,107

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

275

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Singapore

-

0.9%

(continued)

United

Overseas

Bank

Ltd.

(2)

3,500

100,191

549,520

Spain

-

2

.0

%

ACS

Actividades

de

Construccion

y

Servicios

SA

(2)(a)

473

57,685

Aena

SME

SA

(a)(c)

7,533

222,202

Banco

Santander

SA

(2)(a)

2,710

30,381

Bankinter

SA

(2)(a)

8,007

126,810

CaixaBank

SA

(2)(a)

1,610

19,300

Enagas

SA

(a)

5,176

102,543

Fluidra

SA

(2)(a)

1,702

39,480

Iberdrola

SA

(2)(a)

841

19,254

Indra

Sistemas

SA

(2)(a)

643

35,938

Industria

de

Diseno

Textil

SA

(2)(a)

3,151

183,416

Naturgy

Energy

Group

SA

(a)

1,890

56,580

Repsol

SA

(2)(a)

6,436

181,164

Unicaja

Banco

SA

(2)(a)(c)

23,872

70,846

1,145,599

Sweden

-

3

.3

%

Alfa

Laval

AB

(2)(a)

1,088

59,514

Autoliv,

Inc.

(a)(b)

740

77,818

Boliden

AB

(2)*(a)

1,726

90,480

Epiroc

AB,

Class

A

(2)(a)

678

16,690

Essity

AB,

Class

B

(2)(a)

883

22,757

Evolution

AB

(2)(a)(c)

2,916

183,266

Husqvarna

AB,

Class

B

(2)(a)

4,931

19,527

Saab

AB,

Class

B

(2)(a)

592

38,746

Sandvik

AB

(2)(a)

3,074

118,170

Skanska

AB,

Class

B

(2)(a)

510

13,795

SSAB

AB,

Class

B

(2)(a)

2,314

18,241

Svenska

Handelsbanken

AB,

Class

A

(2)(a)

10,990

144,889

Swedbank

AB,

Class

A

(2)(a)

5,791

197,378

Swedish

Orphan

Biovitrum

AB

(2)*(a)

1,272

53,310

Telefonaktiebolaget

LM

Ericsson,

Class

B

(2)(a)

34,879

397,630

Telia

Co.

AB

(2)(a)

68,441

350,643

Volvo

AB,

Class

B

(2)(a)

4,218

138,685

1,941,539

Switzerland

-

4

.6

%

ABB

Ltd.

(Registered)

(2)(a)

5,116

415,972

Accelleron

Industries

AG

(2)(a)

438

39,589

Adecco

Group

AG

(Registered)

(2)

(a)

4,929

118,553

Avolta

AG

(2)*(a)

2,457

147,313

Clariant

AG

(Registered)

(2)*(a)

3,035

29,776

DSM-Firmenich

AG

(2)(a)

2,542

181,814

Flughafen

Zurich

AG

(Registered)

(2)(a)

574

179,740

Galderma

Group

AG

(2)(a)

387

76,059

Galenica

AG

(2)(a)(c)

151

17,191

Geberit

AG

(Registered)

(2)(a)

27

18,226

Givaudan

SA

(Registered)

(2)(a)

26

87,919

Kuehne

+

Nagel

International

AG

(Registered)

(2)(a)

1,058

242,288

Schindler

Holding

AG

(2)(a)

24

7,905

INVESTMENTS

SHARES

VALUE

($)

Switzerland

-

4.6%

(continued)

SGS

SA

(Registered)

(2)(a)

1,692

178,318

Sika

AG

(Registered)

(2)(a)

1,033

170,980

Sonova

Holding

AG

(Registered)

(2)(a)

396

90,293

Swatch

Group

AG

(The)

(2)(a)

347

76,604

Swissquote

Group

Holding

SA

(Registered)

(2)(a)

21

10,432

TE

Connectivity

plc

(a)

570

119,141

Temenos

AG

(Registered)

(2)(a)

424

37,162

Zurich

Insurance

Group

AG

(2)(a)

608

429,747

2,675,022

United

Kingdom

-

9

.6

%

Admiral

Group

plc

(2)(a)

1,467

61,358

B&M

European

Value

Retail

plc

(2)

(a)

10,238

22,990

Barclays

plc

(2)(a)

80,612

421,882

Bellway

plc

(2)(a)

1,146

28,182

Burberry

Group

plc

(2)*(a)

6,918

101,225

Centrica

plc

(2)(a)

29,818

84,428

CK

Hutchison

Holdings

Ltd.

(2)(a)

5,000

38,380

Compass

Group

plc

(2)(a)

35,672

995,282

Entain

plc

(2)(a)

3,490

26,218

Games

Workshop

Group

plc

(2)(a)

184

43,497

Hiscox

Ltd.

(2)(a)

4,619

93,235

Howden

Joinery

Group

plc

(2)(a)

5,459

57,821

Inchcape

plc

(a)

706

7,008

International

Consolidated

Airlines

Group

SA

(2)(a)

69,213

328,507

Investec

plc

(2)(a)

1,581

12,186

ITV

plc

(2)(a)

51,193

51,775

Kingfisher

plc

(2)(a)

50,365

191,505

Lloyds

Banking

Group

plc

(2)(a)

337,764

418,637

NatWest

Group

plc

(2)(a)

50,196

371,849

Next

plc

(2)(a)

203

34,297

Pennon

Group

plc

(a)

2,358

16,526

Persimmon

plc

(2)(a)

4,332

61,841

RELX

plc

(2)(a)

8,138

266,620

Rolls-Royce

Holdings

plc

(2)(a)

32,574

494,878

RS

GROUP

plc

(2)(a)

1,640

12,280

Sage

Group

plc

(The)

(2)(a)

5,835

65,383

TechnipFMC

plc

(a)

10,240

707,891

Tesco

plc

(2)(a)

50,112

314,955

Vodafone

Group

plc

(2)(a)

193,313

291,584

5,622,220

United

States

-

168

.5

%

3M

Co.

(a)

539

78,279

Abercrombie

&

Fitch

Co.,

Class

A

*(a)

2,941

268,719

ADT,

Inc.

(a)

17,032

111,900

Affirm

Holdings,

Inc.,

Class

A

*(a)(b)

532

24,376

Aflac,

Inc.

(a)(b)

2,571

282,064

AGCO

Corp.

(a)

502

58,167

Air

Lease

Corp.,

Class

A

(a)

2,178

141,439

Airbnb,

Inc.,

Class

A

*(a)

3,721

469,888

Akamai

Technologies,

Inc.

*(a)(b)

3,410

391,639

Albemarle

Corp.

(a)

591

106,102

Alcoa

Corp.

(a)

2,311

153,289

Align

Technology,

Inc.

*(a)(b)

1,349

231,259

276

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

168.5%

(continued)

Allison

Transmission

Holdings,

Inc.

(a)(b)

2,135

249,923

Allstate

Corp.

(The)

(a)

297

61,580

Alnylam

Pharmaceuticals,

Inc.

*(a)

(b)

84

27,793

Amazon.com,

Inc.

*(a)

169

35,198

Amdocs

Ltd.

(a)

1,349

88,036

Amentum

Holdings,

Inc.

*(a)(b)

1,986

51,795

Ameren

Corp.

(a)

2,429

266,996

American

Electric

Power

Co.,

Inc.

(a)

1,035

135,668

American

Financial

Group,

Inc.

(a)

(b)

863

110,214

American

Homes

4

Rent,

Class

A,

REIT

(a)

6,974

194,714

American

International

Group,

Inc.

(a)(b)

2,605

196,026

American

Tower

Corp.,

REIT

(a)

2,469

426,100

American

Water

Works

Co.,

Inc.

(a)(b)

1,166

158,681

Ameriprise

Financial,

Inc.

(a)

1,293

574,609

Amphenol

Corp.,

Class

A

(a)

240

30,324

Analog

Devices,

Inc.

(a)(b)

307

97,669

Antero

Resources

Corp.

*(a)

3,406

144,551

Aon

plc,

Class

A

(a)(b)

326

105,226

AP

Moller

-

Maersk

A/S,

Class

B

(2)(a)

81

202,328

Applied

Industrial

Technologies,

Inc.

(a)

438

116,210

AptarGroup,

Inc.

(a)

1,131

142,529

Aramark

(a)

13,998

567,479

Arch

Capital

Group

Ltd.

*(a)

5,758

552,710

Arista

Networks,

Inc.

*(a)(b)

2,876

353,115

Arrow

Electronics,

Inc.

*(a)(b)

1,069

153,305

ASGN,

Inc.

*(a)(b)

5,223

202,182

Ashland,

Inc.

(a)(b)

1,542

85,751

Assured

Guaranty

Ltd.

(a)

714

58,177

ATI,

Inc.

*(a)

330

48,002

AutoNation,

Inc.

*(a)(b)

641

125,162

AutoZone,

Inc.

*(a)(b)

5

16,889

Avient

Corp.

(a)(b)

1,802

65,413

Avnet,

Inc.

(a)(b)

4,380

269,896

Axis

Capital

Holdings

Ltd.

(a)

4,832

490,013

Ball

Corp.

(a)

1,161

68,627

Bank

of

America

Corp.

(a)

3,935

191,831

Bank

of

New

York

Mellon

Corp.

(The)

(a)(b)

2,133

253,038

Bath

&

Body

Works,

Inc.

(a)

12,231

228,353

Becton

Dickinson

&

Co.

(a)(b)

632

99,369

BellRing

Brands,

Inc.

*(a)(b)

2,680

43,121

Best

Buy

Co.,

Inc.

(a)(b)

2,725

174,945

Biogen,

Inc.

*(a)(b)

1,034

189,563

BioMarin

Pharmaceutical,

Inc.

*(a)

6,114

345,380

Blackbaud,

Inc.

*(a)(b)

657

25,367

Blackrock,

Inc.

(a)

618

594,337

Booking

Holdings,

Inc.

(a)

253

1,065,210

BorgWarner,

Inc.

(a)

6,636

360,069

Boston

Beer

Co.,

Inc.

(The),

Class

A

*(a)

236

54,374

BP

plc

(2)(a)

118,527

927,687

INVESTMENTS

SHARES

VALUE

($)

United

States

-

168.5%

(continued)

Bright

Horizons

Family

Solutions,

Inc.

*(a)

4,602

377,962

Brink's

Co.

(The)

(a)(b)

321

33,265

Bristol-Myers

Squibb

Co.

(a)

19,100

1,158,414

Broadcom,

Inc.

(a)

510

157,850

Broadridge

Financial

Solutions,

Inc.

(a)(b)

2,451

398,238

Brunswick

Corp.

(a)(b)

1,767

128,567

Burlington

Stores,

Inc.

*(a)(b)

994

323,428

CACI

International,

Inc.,

Class

A

*(a)(b)

465

252,900

Camden

Property

Trust,

REIT

(a)

727

70,999

Capital

One

Financial

Corp.

(a)

3,542

646,167

CarMax,

Inc.

*(a)(b)

6,129

254,844

Carpenter

Technology

Corp.

(a)

430

169,485

Carrier

Global

Corp.

(a)(b)

3,810

214,541

CCC

Intelligent

Solutions

Holdings,

Inc.

*(a)

12,799

76,794

CDW

Corp.

(a)(b)

1,645

199,078

Centene

Corp.

*(a)

18,748

613,810

Charter

Communications,

Inc.,

Class

A

*(a)(b)

1,379

297,699

Chemed

Corp.

(a)

440

166,206

Cheniere

Energy,

Inc.

(a)(b)

1,077

305,610

Chewy,

Inc.,

Class

A

*(a)(b)

1,471

39,717

Chipotle

Mexican

Grill,

Inc.,

Class

A

*(a)(b)

5,749

184,025

Chord

Energy

Corp.

(a)

1,478

210,142

Chubb

Ltd.

(a)

2,911

948,781

Ciena

Corp.

*(a)(b)

437

169,657

Cigna

Group

(The)

(a)(b)

1,233

328,903

Cincinnati

Financial

Corp.

(a)

117

18,410

Citizens

Financial

Group,

Inc.

(a)

3,910

234,483

Cloudflare,

Inc.,

Class

A

*(a)(b)

707

145,882

CNA

Financial

Corp.

(a)(b)

3,083

141,571

CNH

Industrial

NV

(a)(b)

26,585

292,435

CNO

Financial

Group,

Inc.

(a)

2,032

83,434

Coca-Cola

Consolidated,

Inc.

(a)

824

157,994

Cognex

Corp.

(a)(b)

670

32,823

Cognizant

Technology

Solutions

Corp.,

Class

A

(a)

303

18,589

Columbia

Sportswear

Co.

(a)

3,386

185,587

Comfort

Systems

USA,

Inc.

(a)

374

515,742

Commerce

Bancshares,

Inc.

(a)(b)

1,890

92,988

Commercial

Metals

Co.

(a)

1,086

66,713

Commvault

Systems,

Inc.

*(a)

1,377

107,255

Concentrix

Corp.

(a)(b)

3,984

109,002

ConocoPhillips

(a)(b)

2,945

388,740

Cooper

Cos.,

Inc.

(The)

*(a)(b)

4,691

335,407

COPT

Defense

Properties,

REIT

(a)(b)

864

26,438

Core

&

Main,

Inc.,

Class

A

*(a)(b)

892

44,065

Corpay,

Inc.

*(a)(b)

392

114,068

Corteva,

Inc.

(a)

556

46,543

CoStar

Group,

Inc.

*(a)(b)

6,178

249,221

Costco

Wholesale

Corp.

(a)

348

346,758

Crane

Co.

(a)

1,291

220,761

CRH

plc

(a)(b)

759

79,786

Crown

Holdings,

Inc.

(a)

3,241

324,910

Cummins,

Inc.

(a)

97

52,188

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

277

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

168.5%

(continued)

Curtiss-Wright

Corp.

(a)

340

231,581

Danaher

Corp.

(a)

2,615

495,804

Darden

Restaurants,

Inc.

(a)(b)

646

126,642

Darling

Ingredients,

Inc.

*(a)

1,466

90,672

Datadog,

Inc.,

Class

A

*(a)(b)

2,182

257,585

Deckers

Outdoor

Corp.

*(a)

192

19,217

Delta

Air

Lines,

Inc.

(a)

2,766

183,884

Dexcom,

Inc.

*(a)(b)

1,191

74,795

Docusign,

Inc.,

Class

A

*(a)

5,008

237,429

Dolby

Laboratories,

Inc.,

Class

A

(a)(b)

3,293

197,778

Dollar

General

Corp.

(a)

3,979

472,427

Domino's

Pizza,

Inc.

(a)

602

215,992

DoubleVerify

Holdings,

Inc.

*(a)

8,833

83,914

Dover

Corp.

(a)

2,093

436,286

Dow,

Inc.

(a)(b)

2,179

90,755

DR

Horton,

Inc.

(a)(b)

534

73,275

DraftKings,

Inc.,

Class

A

*(a)(b)

7,654

165,479

DTE

Energy

Co.

(a)(b)

138

20,178

DuPont

de

Nemours,

Inc.

(a)(b)

1,089

49,876

Eagle

Materials,

Inc.

(a)(b)

93

17,619

East

West

Bancorp,

Inc.

(a)

2,827

301,811

Eaton

Corp.

plc

(a)(b)

834

298,297

Ecolab,

Inc.

(a)(b)

650

172,913

Edison

International

(a)

14,984

1,096,528

Edwards

Lifesciences

Corp.

*(a)(b)

1,419

113,634

Elastic

NV

*(a)

3,564

178,164

Elevance

Health,

Inc.

(a)

442

129,396

elf

Beauty,

Inc.

*(a)(b)

2,790

169,102

EMCOR

Group,

Inc.

(a)

451

332,978

EnerSys

(a)

450

78,174

EPAM

Systems,

Inc.

*(a)

1,605

217,317

EPR

Properties,

REIT

(a)(b)

403

20,134

Equifax,

Inc.

(a)(b)

2,258

406,598

Equinix,

Inc.,

REIT

(a)(b)

438

429,345

Esab

Corp.

(a)

1,235

119,375

Evercore,

Inc.,

Class

A

(a)(b)

877

261,793

Everest

Group

Ltd.

(a)

594

194,149

Everpure,

Inc.,

Class

A

*(a)(b)

1,666

98,361

Eversource

Energy

(a)

540

37,411

Exelixis,

Inc.

*(a)(b)

8,868

380,349

ExlService

Holdings,

Inc.

*(a)

12,343

375,844

Expedia

Group,

Inc.

(a)(b)

553

127,682

Federal

Realty

Investment

Trust,

REIT

(a)

1,335

141,790

Federated

Hermes,

Inc.,

Class

B

(a)(b)

357

20,245

FedEx

Corp.

(a)

2,175

774,691

Ferguson

Enterprises,

Inc.

(a)

143

33,356

Fidelity

National

Financial,

Inc.

(a)

6,013

278,883

Fidelity

National

Information

Services,

Inc.

(a)(b)

4,278

200,681

First

American

Financial

Corp.

(a)

1,887

113,767

First

Hawaiian,

Inc.

(a)

4,604

113,443

First

Horizon

Corp.

(a)

5,001

113,823

First

Solar,

Inc.

*(a)

437

86,203

FirstCash

Holdings,

Inc.

(a)

995

187,060

Fiserv,

Inc.

*(a)(b)

3,157

176,161

Five

Below,

Inc.

*(a)

1,335

305,021

Flowserve

Corp.

(a)(b)

976

71,746

INVESTMENTS

SHARES

VALUE

($)

United

States

-

168.5%

(continued)

Fluor

Corp.

*(a)(b)

2,940

137,151

FNB

Corp.

(a)(b)

3,038

50,795

Ford

Motor

Co.

(a)

6,192

71,456

Fortinet,

Inc.

*(a)

4,887

399,366

Freeport-McMoRan,

Inc.

(a)

4,567

268,448

Freshpet,

Inc.

*(a)(b)

1,745

102,885

Gaming

and

Leisure

Properties,

Inc.,

REIT

(a)

1,043

46,278

Gap,

Inc.

(The)

(a)

9,580

231,836

Garmin

Ltd.

(a)(b)

253

58,699

Gartner,

Inc.

*(a)(b)

3,664

580,158

Gates

Industrial

Corp.

plc

*(a)

3,128

70,724

GE

Aerospace

(a)

654

185,586

GE

Vernova,

Inc.

(a)

482

420,738

General

Dynamics

Corp.

(a)

1,046

359,008

General

Mills,

Inc.

(a)(b)

14,087

524,318

General

Motors

Co.

(a)

4,255

316,998

Genpact

Ltd.

(a)

16,427

611,906

GFL

Environmental,

Inc.

(a)

1,991

83,055

Glacier

Bancorp,

Inc.

(a)(b)

600

26,802

GLOBALFOUNDRIES,

Inc.

*(a)

1,846

82,110

Globe

Life,

Inc.

(a)

359

49,962

Globus

Medical,

Inc.,

Class

A

*(a)

(b)

826

71,168

GoDaddy,

Inc.,

Class

A

*(a)

835

69,029

Goodyear

Tire

&

Rubber

Co.

(The)

*(a)(b)

16,280

107,936

Graham

Holdings

Co.,

Class

B

(a)

22

23,260

Graphic

Packaging

Holding

Co.

(a)

(b)

16,403

163,046

Greif,

Inc.,

Class

A

(a)(b)

1,469

98,526

GSK

plc

(2)(a)

10,753

296,197

H&R

Block,

Inc.

(a)(b)

3,287

104,329

Haemonetics

Corp.

*(a)

6,457

363,917

Halozyme

Therapeutics,

Inc.

*(a)(b)

401

25,917

Hanover

Insurance

Group,

Inc.

(The)

(a)

407

70,553

Hartford

Insurance

Group,

Inc.

(The)

(a)

286

38,676

Hasbro,

Inc.

(a)

3,234

302,702

Hayward

Holdings,

Inc.

*(a)

1,230

16,457

HealthEquity,

Inc.

*(a)

1,518

126,859

Hewlett

Packard

Enterprise

Co.

(a)

(b)

16,301

388,127

HF

Sinclair

Corp.

(a)(b)

378

23,583

Hilton

Grand

Vacations,

Inc.

*(a)(b)

3,434

134,338

Holcim

AG

(2)(a)

2,481

205,084

Home

BancShares,

Inc.

(a)(b)

1,012

27,253

Honeywell

International,

Inc.

(a)

778

175,851

Host

Hotels

&

Resorts,

Inc.,

REIT

(a)(b)

4,863

93,175

Huntington

Ingalls

Industries,

Inc.

(a)(b)

957

363,564

Illinois

Tool

Works,

Inc.

(a)

1,245

324,061

Illumina,

Inc.

*(a)(b)

1,771

218,293

Incyte

Corp.

*(a)(b)

1,956

184,099

Ingredion,

Inc.

(a)(b)

218

24,560

Inspire

Medical

Systems,

Inc.

*(a)

(b)

770

39,717

Insulet

Corp.

*(a)

1,478

310,144

278

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

168.5%

(continued)

InterContinental

Hotels

Group

plc

(2)(a)

1,940

255,837

International

Bancshares

Corp.

(a)

(b)

297

19,985

International

Business

Machines

Corp.

(a)(b)

1,308

317,046

International

Flavors

&

Fragrances,

Inc.

(a)(b)

3,236

234,772

Intuit,

Inc.

(a)

1,166

504,155

Invesco

Ltd.

(a)

4,346

105,564

Invitation

Homes,

Inc.,

REIT

(a)(b)

1,372

34,094

IQVIA

Holdings,

Inc.

*(a)

386

65,828

ITT,

Inc.

(a)

2,344

446,602

Jacobs

Solutions,

Inc.

(a)

334

42,512

Janus

Henderson

Group

plc

(a)

1,020

52,397

Jazz

Pharmaceuticals

plc

*(a)

1,196

226,104

JB

Hunt

Transport

Services,

Inc.

(a)

2,969

629,131

Jones

Lang

LaSalle,

Inc.

*(a)

568

172,854

Kemper

Corp.

(a)(b)

2,170

66,315

Keurig

Dr

Pepper,

Inc.

(a)(b)

11,269

296,713

Keysight

Technologies,

Inc.

*(a)

493

139,208

Kimco

Realty

Corp.,

REIT

(a)(b)

916

20,583

Kinder

Morgan,

Inc.

(a)

7,686

257,712

Kirby

Corp.

*(a)

515

68,433

KKR

&

Co.,

Inc.

(a)

4,753

439,653

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

(a)

1,982

114,124

Lam

Research

Corp.

(a)

556

118,795

Lamar

Advertising

Co.,

Class

A,

REIT

(a)(b)

788

99,808

Landstar

System,

Inc.

(a)

1,411

226,197

Las

Vegas

Sands

Corp.

(a)

5,385

290,144

Leonardo

DRS,

Inc.

(a)

4,140

184,313

Lincoln

Electric

Holdings,

Inc.

(a)

729

181,579

Linde

plc

(a)(b)

654

324,227

Lineage,

Inc.,

REIT

(a)

1,681

55,070

Littelfuse,

Inc.

(a)(b)

223

75,675

LivaNova

plc

*(a)

614

39,026

Lockheed

Martin

Corp.

(a)

715

432,139

Louisiana-Pacific

Corp.

(a)

11

800

Lowe's

Cos.,

Inc.

(a)(b)

782

184,771

Lumentum

Holdings,

Inc.

*(a)(b)

533

374,571

LyondellBasell

Industries

NV,

Class

A

(a)(b)

6,735

542,572

Macy's,

Inc.

(a)

2

36

Madison

Square

Garden

Sports

Corp.,

Class

A

*(a)(b)

88

28,283

Manhattan

Associates,

Inc.

*(a)(b)

4,101

545,925

MarketAxess

Holdings,

Inc.

(a)

2,461

406,016

Marsh

&

McLennan

Cos.,

Inc.

(a)(b)

982

170,328

Marzetti

Co.

(The)

(a)

736

101,811

Matador

Resources

Co.

(a)(b)

2,757

174,187

Match

Group,

Inc.

(a)

1,448

44,468

Mattel,

Inc.

*(a)

8,227

119,538

McKesson

Corp.

(a)

125

108,170

Medical

Properties

Trust,

Inc.,

REIT

(a)(b)

14,233

65,899

Medpace

Holdings,

Inc.

*(a)(b)

406

194,957

Medtronic

plc

(a)(b)

554

48,004

Merck

&

Co.,

Inc.

(a)

4,173

501,970

INVESTMENTS

SHARES

VALUE

($)

United

States

-

168.5%

(continued)

MetLife,

Inc.

(a)

250

17,680

MGIC

Investment

Corp.

(a)

12,650

332,063

MGM

Resorts

International

*(a)(b)

7,128

263,807

Microchip

Technology,

Inc.

(a)(b)

617

39,864

Micron

Technology,

Inc.

(a)(b)

1,215

410,476

Microsoft

Corp.

(a)

2,818

1,043,138

Mid-America

Apartment

Communities,

Inc.,

REIT

(a)

585

71,440

Middleby

Corp.

(The)

*(a)(b)

695

92,143

Mohawk

Industries,

Inc.

*(a)(b)

2,252

221,732

Molina

Healthcare,

Inc.

*(a)(b)

127

16,929

MongoDB,

Inc.,

Class

A

*(a)(b)

915

223,965

Mosaic

Co.

(The)

(a)

12,470

317,985

MSCI,

Inc.,

Class

A

(a)

543

292,682

Mueller

Industries,

Inc.

(a)(b)

3,253

360,432

Murphy

USA,

Inc.

(a)(b)

310

153,131

Nasdaq,

Inc.

(a)(b)

655

55,603

Natera,

Inc.

*(a)(b)

1,578

315,584

Nestle

SA

(Registered)

(2)(a)

10,964

1,075,469

Neurocrine

Biosciences,

Inc.

*(a)

3,800

500,612

New

York

Times

Co.

(The),

Class

A

(a)(b)

4,583

383,735

Newell

Brands,

Inc.

(a)(b)

23,096

79,219

Newmont

Corp.

(a)

2,077

224,835

News

Corp.,

Class

A

(a)(b)

800

19,944

Nexstar

Media

Group,

Inc.,

Class

A

(a)(b)

169

30,560

Northern

Trust

Corp.

(a)

1,239

172,927

Norwegian

Cruise

Line

Holdings

Ltd.

*(a)(b)

6,042

112,985

NOV,

Inc.

(a)(b)

1,017

19,130

Novartis

AG

(Registered)

(2)(a)

6,674

1,024,421

Nutanix,

Inc.,

Class

A

*(a)

10,401

395,342

nVent

Electric

plc

(a)

898

106,215

NVIDIA

Corp.

(a)(b)

818

142,659

NVR,

Inc.

*(a)

14

92,258

Occidental

Petroleum

Corp.

(a)(b)

11,357

738,205

OGE

Energy

Corp.

(a)

2,517

120,715

Old

Republic

International

Corp.

(a)

3,661

146,074

Ollie's

Bargain

Outlet

Holdings,

Inc.

*(a)(b)

1,809

166,500

Omega

Healthcare

Investors,

Inc.,

REIT

(a)(b)

583

25,547

Omnicom

Group,

Inc.

(a)(b)

5,796

436,497

ON

Semiconductor

Corp.

*(a)(b)

478

29,598

OneMain

Holdings,

Inc.

(a)

874

46,750

Option

Care

Health,

Inc.

*(a)(b)

2,487

66,950

O'Reilly

Automotive,

Inc.

*(a)(b)

4,009

370,071

Otis

Worldwide

Corp.

(a)(b)

708

54,573

Ovintiv,

Inc.

(a)

3,544

210,372

Owens

Corning

(a)

1,878

203,237

PACCAR,

Inc.

(a)

1,581

182,606

Packaging

Corp.

of

America

(a)(b)

703

149,191

Palantir

Technologies,

Inc.,

Class

A

*(a)(b)

1,105

161,639

PBF

Energy,

Inc.,

Class

A

(a)

1,654

78,763

PepsiCo,

Inc.

(a)(b)

2,498

387,914

Pfizer,

Inc.

(a)

2,490

69,919

PG&E

Corp.

(a)

62,968

1,106,347

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

279

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

168.5%

(continued)

Philip

Morris

International,

Inc.

(a)

(b)

3,538

584,973

Phillips

66

(a)

2,170

395,331

Pinnacle

Financial

Partners,

Inc.

(a)(b)

4,352

374,881

PNC

Financial

Services

Group,

Inc.

(The)

(a)(b)

3,029

630,305

Polaris,

Inc.

(a)

514

28,013

Popular,

Inc.

687

92,175

Portland

General

Electric

Co.

(a)

3,483

183,798

Primerica,

Inc.

(a)(b)

111

27,803

Principal

Financial

Group,

Inc.

(a)

(b)

2,764

249,064

Procore

Technologies,

Inc.

*(a)(b)

6,738

384,066

Progressive

Corp.

(The)

(a)

2,219

439,895

Prologis,

Inc.,

REIT

(a)(b)

1,404

185,581

Prosperity

Bancshares,

Inc.

(a)(b)

7,166

481,412

Prudential

Financial,

Inc.

(a)(b)

329

32,140

Ralliant

Corp.

(a)

873

36,308

Ralph

Lauren

Corp.,

Class

A

(a)

272

93,565

Regency

Centers

Corp.,

REIT

(a)(b)

2,083

157,600

Regeneron

Pharmaceuticals,

Inc.

(a)

698

539,303

Reinsurance

Group

of

America,

Inc.

(a)

2,454

501,009

RenaissanceRe

Holdings

Ltd.

(a)(b)

923

274,343

Reynolds

Consumer

Products,

Inc.

(a)

2,673

56,614

Robert

Half,

Inc.

(a)(b)

4,745

120,523

ROBLOX

Corp.,

Class

A

*(a)(b)

4,536

256,556

Roche

Holding

AG

(2)(a)

320

127,709

Roku,

Inc.,

Class

A

*(a)(b)

400

37,848

Ross

Stores,

Inc.

(a)

938

203,199

Royal

Caribbean

Cruises

Ltd.

(a)(b)

479

131,811

Royalty

Pharma

plc,

Class

A

(a)(b)

2,087

100,113

RTX

Corp.

(a)

668

128,857

Rubrik,

Inc.,

Class

A

*(a)(b)

1,292

63,269

Ryder

System,

Inc.

(a)

934

191,199

S&P

Global,

Inc.

(a)

1,366

581,014

Sabra

Health

Care

REIT,

Inc.,

REIT

(a)(b)

3,514

67,574

Saia,

Inc.

*(a)(b)

163

57,259

Salesforce,

Inc.

(a)

2,609

487,022

Sandisk

Corp.

*(a)

208

132,151

Sanofi

SA

(2)(a)

11,185

1,080,133

Sarepta

Therapeutics,

Inc.

*(a)(b)

2,556

55,619

SBA

Communications

Corp.,

REIT

(a)(b)

318

54,731

Science

Applications

International

Corp.

(a)

2,443

231,890

Seagate

Technology

Holdings

plc

(a)(b)

545

213,509

Selective

Insurance

Group,

Inc.

(a)

6,004

452,642

Sempra

(a)(b)

904

87,842

SentinelOne,

Inc.,

Class

A

*(a)(b)

20,089

258,746

ServiceNow,

Inc.

*(a)

3,490

364,880

Simon

Property

Group,

Inc.,

REIT

(a)

1,001

186,717

Simpson

Manufacturing

Co.,

Inc.

(a)

211

36,212

INVESTMENTS

SHARES

VALUE

($)

United

States

-

168.5%

(continued)

SiteOne

Landscape

Supply,

Inc.

*(a)

1,414

188,218

Smurfit

Westrock

plc

(a)(b)

9,821

391,367

Snowflake,

Inc.,

Class

A

*(a)(b)

2,853

430,289

Sotera

Health

Co.

*(a)

3,842

55,094

SOUTHSTATE

BANK

Corp.

(a)

1,814

167,831

Southwest

Airlines

Co.

(a)(b)

436

16,381

Sprouts

Farmers

Market,

Inc.

*(a)

(b)

2,512

193,751

SS&C

Technologies

Holdings,

Inc.

(a)

265

17,906

State

Street

Corp.

(a)

414

52,396

STERIS

plc

(a)(b)

190

42,015

Stifel

Financial

Corp.

(a)

10,592

782,960

Stryker

Corp.

(a)

1,126

369,992

Sunbelt

Rentals

Holdings,

Inc.

(2)

269

17,160

Synchrony

Financial

(a)

3,642

247,729

Take-Two

Interactive

Software,

Inc.

*(a)

1,787

352,933

Tapestry,

Inc.

(a)

2,632

371,402

Target

Corp.

(a)

1,906

231,007

Taylor

Morrison

Home

Corp.,

Class

A

*(a)

1,888

109,957

TD

SYNNEX

Corp.

(a)(b)

2,377

401,024

Tenet

Healthcare

Corp.

*(a)

1,882

355,152

Teradyne,

Inc.

(a)

666

197,442

Texas

Capital

Bancshares,

Inc.

*(a)

3,128

296,785

Texas

Roadhouse,

Inc.,

Class

A

(a)

(b)

3,068

506,650

Textron,

Inc.

(a)(b)

2,886

252,698

TJX

Cos.,

Inc.

(The)

(a)

7,427

1,186,091

T-Mobile

US,

Inc.

(a)

5,127

1,076,823

Toll

Brothers,

Inc.

(a)(b)

451

61,548

Toro

Co.

(The)

(a)

2,684

250,793

Tradeweb

Markets,

Inc.,

Class

A

(a)

2,304

271,089

TransUnion

(a)(b)

1,898

131,323

Travel

+

Leisure

Co.

(a)

1,350

93,407

Travelers

Cos.,

Inc.

(The)

(a)

2,688

784,035

Trex

Co.,

Inc.

*(a)(b)

3,412

124,265

Truist

Financial

Corp.

(a)(b)

1,463

67,254

Tyson

Foods,

Inc.,

Class

A

(a)

7,530

482,447

Uber

Technologies,

Inc.

*(a)(b)

5,405

388,782

Ubiquiti,

Inc.

(a)

51

40,305

Ultragenyx

Pharmaceutical,

Inc.

*(a)(b)

5,635

118,053

Union

Pacific

Corp.

(a)(b)

862

209,138

United

Airlines

Holdings,

Inc.

*(a)

2,722

250,615

United

Bankshares,

Inc.

113

4,680

United

Parcel

Service,

Inc.,

Class

B

(a)(b)

4,180

411,228

United

Therapeutics

Corp.

*(a)

556

329,697

Universal

Health

Services,

Inc.,

Class

B

(a)

239

42,774

Unum

Group

(a)

877

64,047

US

Bancorp

(a)

1,993

103,656

Valley

National

Bancorp

(a)(b)

3,272

40,180

Ventas,

Inc.,

REIT

(a)(b)

3,789

309,864

Veralto

Corp.

(a)(b)

3,438

303,988

VeriSign,

Inc.

(a)

694

172,362

Verizon

Communications,

Inc.

(a)

2,604

130,721

280

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

168.5%

(continued)

Versant

Media

Group,

Inc.

*(a)

6,289

232,819

Vertex

Pharmaceuticals,

Inc.

*(a)(b)

117

52,245

Vertiv

Holdings

Co.,

Class

A

(a)

1,093

273,884

VF

Corp.

(a)(b)

3,544

60,213

Viatris,

Inc.

(a)

3,715

50,190

VICI

Properties,

Inc.,

Class

A,

REIT

(a)

8,540

233,313

Viking

Holdings

Ltd.

*(a)

5,870

431,328

Voya

Financial,

Inc.

(a)(b)

98

6,695

Walmart,

Inc.

(a)(b)

6,188

769,045

Warner

Music

Group

Corp.,

Class

A

(a)(b)

3,727

95,188

Watts

Water

Technologies,

Inc.,

Class

A

(a)

272

78,959

Weatherford

International

plc

(a)(b)

609

57,599

WESCO

International,

Inc.

(a)(b)

320

87,558

West

Pharmaceutical

Services,

Inc.

(a)

243

60,906

Western

Digital

Corp.

(a)(b)

836

226,130

Westinghouse

Air

Brake

Technologies

Corp.

(a)

1,477

369,117

Woodward,

Inc.

(a)

131

46,888

Xylem,

Inc.

(a)(b)

159

19,001

Zimmer

Biomet

Holdings,

Inc.

(a)(b)

220

19,892

Zions

Bancorp

NA

(a)

2,214

127,571

Zoetis,

Inc.,

Class

A

(a)

147

17,377

Zoom

Communications,

Inc.,

Class

A

*(a)

2,181

175,331

Zscaler,

Inc.

*(a)(b)

1,304

182,938

98,405,673

TOTAL

COMMON

STOCKS

(Cost

$147,170,904)

157,378,101

PREFERRED

STOCKS

-

0.2%

Germany

-

0

.2

%

Volkswagen

AG

(Preference)

(2)(a)

(Cost

$124,611)

1,001

102,395

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

1

.7

%

U.S.

Treasury

Inflation-Linked

Notes

1.88%,

7/15/2035

(2)(d)(e)

(Cost

$1,010,171)

$

1,012,940

1,007,961

Cost:

$1,010,171

$–

NO.

OF

RIGHTS

RIGHTS

-

0.0%

†

Italy

-

0

.0

%

†

Telecom

Italia

SpA,

expiring

4/1/2026

(2)*

(Cost

$–)

171,607

2

INVESTMENTS

SHARES

VALUE

($)

SHORT-TERM

INVESTMENTS

-

59.3%

INVESTMENT

COMPANIES

-

26

.7

%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(f)(g)

1,947,029

1,947,029

Limited

Purpose

Cash

Investment

Fund,

3.65%

(f)

13,667,299

13,667,299

TOTAL

INVESTMENT

COMPANIES

(Cost

$15,614,321)

15,614,328

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

32

.6

%

U.S.

Treasury

Bills

3.56%,

6/18/2026

(2)(h)

$

2,156,000

2,139,197

3.55%,

7/16/2026

(2)(h)

8,010,000

7,925,357

3.59%,

8/27/2026

(2)(h)

9,123,000

8,988,167

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$19,058,154)

19,052,721

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$34,672,475)

34,667,049

NO.

OF

CONTRACTS

PURCHASED

OPTIONS

-

0.3%

Put

Option

s

-

0

.3

%

Over-the-Counter

Equity

Index

Options

-

0

.3

%

S&P

500

Index

JPMC

Exercise

Price:

USD

6,500

Notional

Amount:

USD

5,222,816

Expiration

Date:

6/18/2026

(2)

8

178,075

NOTIONAL

AMOUNT

Interest

Rate

Swaptions

-

0

.0

%

†

2-Year

Interest

Rate

Swap,

Pays

SOFR

Quarterly,

Receives

3.23%

Quarterly

JPMC

Exercise

Rate:

3.23%

Expiration

Date:

6/17/2026

(2)

$

3,487,587

6,491

TOTAL

PURCHASED

OPTIONS

(Cost

$158,877)

184,566

TOTAL

LONG

POSITIONS

(Cost

$183,137,038)

193,340,074

SHARES

SHORT

POSITIONS

-

(264.6)%

COMMON

STOCKS

-

(263.7)%

Australia

-

(

7

.7

)

%

Ampol

Ltd.

(2)

(

3,131

)

(

72,619

)

Atlas

Arteria

Ltd.

(2)

(

7,970

)

(

23,636

)

Aurizon

Holdings

Ltd.

(2)

(

6,189

)

(

17,085

)

CAR

Group

Ltd.

(2)

(

5,566

)

(

88,852

)

Cleanaway

Waste

Management

Ltd.

(2)

(

14,438

)

(

22,864

)

Cochlear

Ltd.

(2)

(

1,603

)

(

188,626

)

Coles

Group

Ltd.

(2)

(

14,182

)

(

215,067

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

281

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Australia

-

(7.7)%

(continued)

Commonwealth

Bank

of

Australia

(2)

(

140

)

(

16,395

)

Computershare

Ltd.

(2)

(

874

)

(

17,237

)

CSL

Ltd.

(2)

(

2,329

)

(

228,752

)

Endeavour

Group

Ltd.

(2)

(

4,500

)

(

10,186

)

Insurance

Australia

Group

Ltd.

(

17,694

)

(

89,607

)

Lendlease

Corp.

Ltd.

(2)

(

6,278

)

(

14,454

)

Liontown

Ltd.

(2)

(

57,606

)

(

70,312

)

Lynas

Rare

Earths

Ltd.

(2)

(

18,000

)

(

244,394

)

Macquarie

Group

Ltd.

(2)

(

2,565

)

(

364,375

)

Medibank

Pvt

Ltd.

(2)

(

27,285

)

(

82,559

)

National

Australia

Bank

Ltd.

(2)

(

6,077

)

(

175,781

)

New

Hope

Corp.

Ltd.

(2)

(

4,613

)

(

18,845

)

NEXTDC

Ltd.

(2)

(

19,332

)

(

154,559

)

PLS

Group

Ltd.

(2)

(

50,134

)

(

183,567

)

Qantas

Airways

Ltd.

(2)

(

7,816

)

(

45,913

)

Ramsay

Health

Care

Ltd.

(2)

(

6,099

)

(

165,886

)

REA

Group

Ltd.

(2)

(

567

)

(

62,120

)

Reece

Ltd.

(2)

(

1,472

)

(

13,697

)

Santos

Ltd.

(2)

(

17,292

)

(

94,649

)

SGH

Ltd.

(2)

(

3,133

)

(

89,137

)

Sonic

Healthcare

Ltd.

(2)

(

5,370

)

(

76,301

)

Telix

Pharmaceuticals

Ltd.

(2)

(

30,374

)

(

290,801

)

Treasury

Wine

Estates

Ltd.

(2)

(

95,045

)

(

245,288

)

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(2)

(

6,416

)

(

180,308

)

Westpac

Banking

Corp.

(2)

(

4,829

)

(

133,451

)

WiseTech

Global

Ltd.

(2)

(

6,709

)

(

181,013

)

Woodside

Energy

Group

Ltd.

(2)

(

23,942

)

(

568,323

)

Woolworths

Group

Ltd.

(2)

(

2,916

)

(

73,636

)

(4,520,295)

Belgium

-

(

1

.1

)

%

Anheuser-Busch

InBev

SA/NV

(2)

(

2,371

)

(

164,040

)

D'ieteren

Group

(2)

(

786

)

(

145,530

)

Financiere

de

Tubize

SA

(2)

(

123

)

(

30,512

)

Lotus

Bakeries

NV

(2)

(

3

)

(

33,872

)

UCB

SA

(2)

(

803

)

(

241,942

)

(615,896)

Brazil

-

(

0

.3

)

%

MercadoLibre,

Inc.

(

115

)

(

198,837

)

Canada

-

(

8

.1

)

%

AtkinsRealis

Group,

Inc.

(

2,193

)

(

141,092

)

BCE,

Inc.

(

18,902

)

(

476,933

)

Bombardier,

Inc.,

Class

B

(

621

)

(

109,826

)

Brookfield

Asset

Management

Ltd.,

Class

A

(

3,721

)

(

165,440

)

Brookfield

Corp.,

Class

A

(

3,165

)

(

128,252

)

Brookfield

Renewable

Corp.

(

677

)

(

26,981

)

CAE,

Inc.

(

4,085

)

(

106,361

)

Canadian

Imperial

Bank

of

Commerce

(

1,450

)

(

137,422

)

Canadian

Tire

Corp.

Ltd.,

Class

A

(

344

)

(

46,262

)

Canadian

Utilities

Ltd.,

Class

A

(

558

)

(

19,599

)

Capital

Power

Corp.

(

2,587

)

(

122,534

)

Capstone

Copper

Corp.

(

16,216

)

(

122,282

)

Dollarama,

Inc.

(

131

)

(

16,078

)

Element

Fleet

Management

Corp.

(

1,378

)

(

29,886

)

INVESTMENTS

SHARES

VALUE

($)

Canada

-

(8.1)%

(continued)

Enbridge,

Inc.

(

6,737

)

(

365,205

)

Equinox

Gold

Corp.

(

11,801

)

(

170,428

)

Finning

International,

Inc.

(

295

)

(

18,254

)

G

Mining

Ventures

Corp.

(

915

)

(

32,111

)

Gildan

Activewear,

Inc.

(

3,725

)

(

207,444

)

Hudbay

Minerals,

Inc.

(

3,090

)

(

64,705

)

Hydro

One

Ltd.

(c)

(

5,584

)

(

230,609

)

Keyera

Corp.

(

2,391

)

(

92,488

)

Manulife

Financial

Corp.

(

2,110

)

(

72,684

)

National

Bank

of

Canada

(

1,857

)

(

240,298

)

NexGen

Energy

Ltd.

(

3,376

)

(

39,169

)

Open

Text

Corp.

(

8,790

)

(

195,881

)

Pembina

Pipeline

Corp.

(

602

)

(

26,947

)

RB

Global,

Inc.

(

1,238

)

(

118,727

)

Restaurant

Brands

International,

Inc.

(

1,141

)

(

84,433

)

Rogers

Communications,

Inc.,

Class

B

(

17,261

)

(

663,838

)

Shopify,

Inc.,

Class

A

(

2,545

)

(

301,975

)

Thomson

Reuters

Corp.

(

544

)

(

49,101

)

Triple

Flag

Precious

Metals

Corp.

(

5

)

(

174

)

Whitecap

Resources,

Inc.

(

11,442

)

(

129,135

)

WSP

Global,

Inc.

(

20

)

(

3,113

)

(4,755,667)

China

-

(

0

.3

)

%

Prosus

NV

(2)

(

3,584

)

(

165,923

)

Congo,

Democratic

Republic

of

the

-

(

0

.2

)

%

Ivanhoe

Mines

Ltd.,

Class

A

(

11,734

)

(

100,293

)

Denmark

-

(

2

.2

)

%

ALK-Abello

A/S

(2)

(

238

)

(

7,525

)

Carlsberg

A/S,

Class

B

(

1,448

)

(

179,891

)

Coloplast

A/S,

Class

B

(2)

(

453

)

(

30,858

)

Demant

A/S

(2)

(

4,492

)

(

136,123

)

DSV

A/S

(2)

(

1,457

)

(

351,877

)

NKT

A/S

(2)

(

38

)

(

4,947

)

Novo

Nordisk

A/S,

Class

B

(2)

(

5,256

)

(

192,341

)

Novonesis

Novozymes,

Class

B

(2)

(

5,303

)

(

315,058

)

Tryg

A/S

(

1,805

)

(

43,023

)

(1,261,643)

Finland

-

(

0

.2

)

%

Fortum

OYJ

(2)

(

1,632

)

(

41,735

)

Kesko

OYJ,

Class

B

(2)

(

944

)

(

20,965

)

Konecranes

OYJ

(2)

(

981

)

(

32,197

)

(94,897)

France

-

(

8

.9

)

%

Accor

SA

(2)

(

1,041

)

(

49,930

)

Air

Liquide

SA

(2)

(

1,045

)

(

216,000

)

Airbus

SE

(2)

(

2,060

)

(

389,490

)

Amundi

SA

(2)(c)

(

1,154

)

(

99,172

)

AXA

SA

(2)

(

755

)

(

34,693

)

BioMerieux

(2)

(

1,554

)

(

166,020

)

Bollore

SE

(2)

(

5,186

)

(

29,654

)

Capgemini

SE

(2)

(

537

)

(

63,365

)

Cie

de

Saint-Gobain

SA

(2)

(

3,339

)

(

276,451

)

Cie

Generale

des

Etablissements

Michelin

SCA

(2)

(

13,912

)

(

476,610

)

282

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

France

-

(8.9)%

(continued)

Danone

SA

(2)

(

2,570

)

(

205,361

)

Dassault

Systemes

SE

(2)

(

18,228

)

(

369,012

)

Engie

SA

(2)

(

21,359

)

(

688,345

)

EssilorLuxottica

SA

(2)

(

2,877

)

(

670,413

)

FDJ

UNITED

(2)

(

3,430

)

(

100,941

)

Getlink

SE

(2)

(

3,527

)

(

76,109

)

L'Oreal

SA

(2)

(

378

)

(

154,334

)

Pernod

Ricard

SA

(2)

(

3,451

)

(

256,623

)

Publicis

Groupe

SA

(2)

(

3,383

)

(

280,009

)

Remy

Cointreau

SA

(2)

(

1,597

)

(

69,059

)

Renault

SA

(2)

(

1,415

)

(

48,512

)

Sodexo

SA

(2)

(

3,484

)

(

178,841

)

SPIE

SA

(2)

(

3,331

)

(

166,802

)

Technip

Energies

NV

(2)

(

787

)

(

33,257

)

Teleperformance

SE

(2)

(

1,747

)

(

102,659

)

Veolia

Environnement

SA

(2)

(

451

)

(

17,177

)

(5,218,839)

Germany

-

(

7

.3

)

%

BASF

SE

(2)

(

15,947

)

(

982,182

)

Bayerische

Motoren

Werke

AG

(2)

(

842

)

(

77,891

)

Beiersdorf

AG

(2)

(

1,723

)

(

154,876

)

Carl

Zeiss

Meditec

AG

(2)

(

1,205

)

(

34,635

)

CTS

Eventim

AG

&

Co.

KGaA

(2)

(

2,791

)

(

163,471

)

Deutsche

Post

AG

(2)

(

1,128

)

(

59,453

)

Hannover

Rueck

SE

(2)

(

109

)

(

34,270

)

Heidelberg

Materials

AG

(2)

(

703

)

(

148,359

)

Hensoldt

AG

(2)

(

1,669

)

(

148,124

)

HOCHTIEF

AG

(2)

(

107

)

(

48,671

)

Infineon

Technologies

AG

(2)

(

6,206

)

(

281,542

)

Knorr-Bremse

AG

(2)

(

229

)

(

26,164

)

Merck

KGaA

(2)

(

2,450

)

(

311,282

)

MTU

Aero

Engines

AG

(2)

(

710

)

(

259,021

)

RENK

Group

AG

(2)

(

2,038

)

(

121,815

)

SAP

SE

(2)

(

3,134

)

(

534,293

)

Schaeffler

AG

(2)

(

5,195

)

(

43,392

)

Siemens

AG

(Registered)

(2)

(

1,259

)

(

306,735

)

Siemens

Healthineers

AG

(2)(c)

(

2,604

)

(

111,102

)

Symrise

AG,

Class

A

(2)

(

2,240

)

(

191,278

)

TeamViewer

SE

(2)(c)

(

14,032

)

(

72,739

)

Zalando

SE

(2)(c)

(

7,083

)

(

173,043

)

(4,284,338)

Italy

-

(

5

.0

)

%

Azimut

Holding

SpA

(2)

(

797

)

(

30,284

)

Banca

Monte

dei

Paschi

di

Siena

SpA

(2)

(

23,330

)

(

203,567

)

BPER

Banca

SpA

(2)

(

40,151

)

(

526,188

)

Brunello

Cucinelli

SpA

(2)

(

2,760

)

(

241,208

)

Coca-Cola

HBC

AG

(2)

(

2,747

)

(

154,736

)

DiaSorin

SpA

(2)

(

760

)

(

53,248

)

ERG

SpA

(2)

(

828

)

(

21,140

)

Ferrari

NV

(2)

(

1,126

)

(

382,056

)

Infrastrutture

Wireless

Italiane

SpA

(2)(c)

(

7,101

)

(

56,668

)

Italgas

SpA

(2)

(

35,518

)

(

413,749

)

Prysmian

SpA

(2)

(

4,949

)

(

584,432

)

Technoprobe

SpA

(2)

(

2,630

)

(

44,075

)

INVESTMENTS

SHARES

VALUE

($)

Italy

-

(5.0)%

(continued)

Terna

-

Rete

Elettrica

Nazionale

(2)

(

17,131

)

(

195,934

)

(2,907,285)

Japan

-

(

31

.6

)

%

ABC-Mart,

Inc.

(

1,400

)

(

22,278

)

Asics

Corp.

(2)

(

6,300

)

(

169,376

)

Azbil

Corp.

(2)

(

16,100

)

(

140,675

)

Bandai

Namco

Holdings,

Inc.

(2)

(

1,500

)

(

37,006

)

Bridgestone

Corp.

(2)

(

4,800

)

(

100,024

)

Capcom

Co.

Ltd.

(2)

(

10,700

)

(

226,112

)

Chugai

Pharmaceutical

Co.

Ltd.

(2)

(

6,400

)

(

352,950

)

CyberAgent,

Inc.

(2)

(

4,000

)

(

34,221

)

Daifuku

Co.

Ltd.

(2)

(

5,400

)

(

190,669

)

Daiwa

Securities

Group,

Inc.

(2)

(

21,300

)

(

201,826

)

East

Japan

Railway

Co.

(2)

(

13,500

)

(

308,765

)

Fuji

Electric

Co.

Ltd.

(2)

(

2,400

)

(

168,125

)

FUJIFILM

Holdings

Corp.

(2)

(

9,600

)

(

182,934

)

Fujikura

Ltd.

(2)

(

6,600

)

(

181,513

)

Hankyu

Hanshin

Holdings,

Inc.

(2)

(

1,400

)

(

40,481

)

Hikari

Tsushin,

Inc.

(2)

(

600

)

(

152,647

)

Hirose

Electric

Co.

Ltd.

(2)

(

1,000

)

(

130,914

)

Hitachi

Construction

Machinery

Co.

Ltd.

(2)

(

10,400

)

(

357,107

)

Ibiden

Co.

Ltd.

(2)

(

11,400

)

(

570,462

)

IHI

Corp.

(2)

(

26,100

)

(

538,521

)

Inpex

Corp.

(2)

(

8,900

)

(

263,258

)

ITOCHU

Corp.

(2)

(

12,000

)

(

152,646

)

Japan

Post

Insurance

Co.

Ltd.

(2)

(

18,000

)

(

181,541

)

Kansai

Electric

Power

Co.,

Inc.

(The)

(2)

(

4,300

)

(

71,492

)

Kawasaki

Heavy

Industries

Ltd.

(2)

(

19,500

)

(

366,739

)

Kawasaki

Kisen

Kaisha

Ltd.

(2)

(

8,300

)

(

140,192

)

KDDI

Corp.

(2)

(

16,800

)

(

286,049

)

Keisei

Electric

Railway

Co.

Ltd.

(2)

(

9,600

)

(

71,827

)

Keyence

Corp.

(2)

(

900

)

(

320,317

)

Kikkoman

Corp.

(2)

(

26,100

)

(

236,956

)

Kioxia

Holdings

Corp.

(2)

(

800

)

(

104,480

)

Kokusai

Electric

Corp.

(2)

(

4,700

)

(

158,929

)

Konami

Group

Corp.

(2)

(

1,400

)

(

172,519

)

Kubota

Corp.

(2)

(

27,100

)

(

434,283

)

Kyowa

Kirin

Co.

Ltd.

(2)

(

8,200

)

(

134,202

)

Lasertec

Corp.

(2)

(

1,600

)

(

356,118

)

M3,

Inc.

(2)

(

50,700

)

(

520,403

)

Makita

Corp.

(2)

(

4,400

)

(

144,612

)

MEIJI

Holdings

Co.

Ltd.

(2)

(

12,700

)

(

309,724

)

Mitsubishi

Corp.

(2)

(

11,500

)

(

394,519

)

Mitsubishi

HC

Capital,

Inc.

(2)

(

21,100

)

(

189,332

)

Mitsubishi

Heavy

Industries

Ltd.

(2)

(

4,900

)

(

134,636

)

Mitsui

Kinzoku

Co.

Ltd.

(2)

(

1,700

)

(

322,464

)

MonotaRO

Co.

Ltd.

(2)

(

14,900

)

(

161,509

)

NIDEC

Corp.

(2)

(

9,400

)

(

119,363

)

Nintendo

Co.

Ltd.

(2)

(

2,800

)

(

159,840

)

Nippon

Paint

Holdings

Co.

Ltd.

(2)

(

36,100

)

(

226,367

)

Nippon

Sanso

Holdings

Corp.

(2)

(

9,800

)

(

347,492

)

Nissin

Foods

Holdings

Co.

Ltd.

(2)

(

6,500

)

(

123,368

)

Nitori

Holdings

Co.

Ltd.

(2)

(

3,100

)

(

49,251

)

Nitto

Denko

Corp.

(2)

(

12,100

)

(

242,051

)

Nomura

Research

Institute

Ltd.

(2)

(

12,400

)

(

339,359

)

Olympus

Corp.

(2)

(

53,500

)

(

509,712

)

Oriental

Land

Co.

Ltd.

(2)

(

22,500

)

(

382,945

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

283

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(31.6)%

(continued)

Osaka

Gas

Co.

Ltd.

(2)

(

200

)

(

8,101

)

Otsuka

Holdings

Co.

Ltd.

(2)

(

1,800

)

(

127,748

)

Rakuten

Bank

Ltd.

(2)

(

4,900

)

(

179,143

)

Ricoh

Co.

Ltd.

(2)

(

8,900

)

(

75,236

)

Rohm

Co.

Ltd.

(2)

(

5,300

)

(

105,600

)

Ryohin

Keikaku

Co.

Ltd.

(2)

(

12,900

)

(

275,281

)

Sanrio

Co.

Ltd.

(2)

(

50,000

)

(

310,863

)

SCREEN

Holdings

Co.

Ltd.

(2)

(

13,200

)

(

786,410

)

Secom

Co.

Ltd.

(2)

(

2,200

)

(

83,800

)

Seibu

Holdings,

Inc.

(2)

(

2,500

)

(

69,847

)

Sekisui

Chemical

Co.

Ltd.

(2)

(

1,300

)

(

21,825

)

Sekisui

House

Ltd.

(2)

(

10,700

)

(

239,756

)

SG

Holdings

Co.

Ltd.

(

8,500

)

(

79,186

)

SoftBank

Corp.

(2)

(

73,700

)

(

98,620

)

SoftBank

Group

Corp.

(2)

(

12,300

)

(

299,502

)

Sompo

Holdings,

Inc.

(2)

(

100

)

(

3,893

)

Sumitomo

Forestry

Co.

Ltd.

(2)

(

1,800

)

(

16,378

)

Sumitomo

Mitsui

Financial

Group,

Inc.

(2)

(

6,500

)

(

213,722

)

Suzuki

Motor

Corp.

(2)

(

23,200

)

(

282,778

)

Sysmex

Corp.

(2)

(

4,600

)

(

40,116

)

T&D

Holdings,

Inc.

(2)

(

6,100

)

(

156,249

)

Taisei

Corp.

(2)

(

600

)

(

62,161

)

Takeda

Pharmaceutical

Co.

Ltd.

(2)

(

7,400

)

(

272,526

)

TDK

Corp.

(2)

(

1,300

)

(

16,887

)

TIS,

Inc.

(2)

(

4,000

)

(

85,526

)

Toho

Co.

Ltd.

(

21,500

)

(

225,831

)

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(2)

(

15,500

)

(

63,869

)

Tokyu

Corp.

(2)

(

3,300

)

(

38,953

)

Toyo

Suisan

Kaisha

Ltd.

(2)

(

3,800

)

(

267,238

)

Toyota

Industries

Corp.

(2)

(

4,522

)

(

584,785

)

Trend

Micro,

Inc.

(2)

(

3,800

)

(

126,679

)

Unicharm

Corp.

(

12,400

)

(

72,702

)

West

Japan

Railway

Co.

(

5,300

)

(

104,460

)

Yakult

Honsha

Co.

Ltd.

(2)

(

8,800

)

(

147,253

)

Yamaha

Motor

Co.

Ltd.

(2)

(

59,600

)

(

430,574

)

Yaskawa

Electric

Corp.

(2)

(

4,300

)

(

113,570

)

Zensho

Holdings

Co.

Ltd.

(2)

(

1,900

)

(

110,927

)

ZOZO,

Inc.

(2)

(

7,700

)

(

53,922

)

(18,487,018)

Kazakhstan

-

(

0

.1

)

%

Freedom

Holding

Corp.

(

347

)

(

50,273

)

Luxembourg

-

(

0

.5

)

%

ArcelorMittal

SA

(2)

(

4,152

)

(

215,329

)

CVC

Capital

Partners

plc

(2)(c)

(

6,686

)

(

87,288

)

(302,617)

Mexico

-

(

0

.1

)

%

Fresnillo

plc

(2)

(

1,612

)

(

71,454

)

Netherlands

-

(

1

.2

)

%

Aalberts

NV

(2)

(

618

)

(

21,523

)

Adyen

NV

(2)(c)

(

420

)

(

420,358

)

Arcadis

NV

(2)

(

943

)

(

30,168

)

Koninklijke

Ahold

Delhaize

NV

(

590

)

(

27,476

)

Koninklijke

Vopak

NV

(2)

(

163

)

(

8,822

)

NXP

Semiconductors

NV

(

148

)

(

29,135

)

Universal

Music

Group

NV

(2)

(

5,386

)

(

104,547

)

INVESTMENTS

SHARES

VALUE

($)

Netherlands

-

(1.2)%

(continued)

Wolters

Kluwer

NV

(2)

(

833

)

(

62,215

)

(704,244)

New

Zealand

-

(

0

.0

)

%

†

Xero

Ltd.

(2)

(

425

)

(

22,461

)

Norway

-

(

0

.9

)

%

Aker

BP

ASA

(2)

(

4,784

)

(

176,860

)

DNB

Bank

ASA

(2)

(

5,209

)

(

162,983

)

Mowi

ASA

(2)

(

1,021

)

(

23,221

)

Orkla

ASA

(2)

(

8,510

)

(

107,095

)

TOMRA

Systems

ASA

(2)

(

3,083

)

(

37,169

)

(507,328)

Portugal

-

(

0

.2

)

%

Galp

Energia

SGPS

SA

(2)

(

2,518

)

(

60,376

)

Jeronimo

Martins

SGPS

SA

(2)

(

1,555

)

(

37,182

)

(97,558)

Singapore

-

(

1

.9

)

%

Grab

Holdings

Ltd.,

Class

A

(

161,743

)

(

591,978

)

Singapore

Airlines

Ltd.

(2)

(

3,400

)

(

17,533

)

Singapore

Technologies

Engineering

Ltd.

(2)

(

10,300

)

(

87,419

)

STMicroelectronics

NV

(2)

(

12,785

)

(

435,056

)

(1,131,986)

South

Korea

-

(

0

.1

)

%

Delivery

Hero

SE

(2)(c)

(

3,802

)

(

70,646

)

Spain

-

(

2

.0

)

%

Acciona

SA

(2)

(

851

)

(

223,781

)

Amadeus

IT

Group

SA

(2)

(

2,740

)

(

156,675

)

Banco

Bilbao

Vizcaya

Argentaria

SA

(2)

(

2,365

)

(

51,083

)

Cellnex

Telecom

SA

(2)(c)

(

5,103

)

(

164,086

)

Endesa

SA

(

5,568

)

(

232,203

)

Redeia

Corp.

SA

(2)

(

2,804

)

(

47,529

)

Telefonica

SA

(2)

(

64,432

)

(

281,924

)

(1,157,281)

Sweden

-

(

3

.1

)

%

AAK

AB

(2)

(

5,193

)

(

133,734

)

AddTech

AB,

Class

B

(2)

(

1,984

)

(

68,081

)

Assa

Abloy

AB,

Class

B

(2)

(

2,644

)

(

95,575

)

Atlas

Copco

AB,

Class

A

(2)

(

33,648

)

(

593,779

)

Axfood

AB

(

863

)

(

29,327

)

Elekta

AB,

Class

B

(2)

(

7,721

)

(

45,669

)

EQT

AB

(2)

(

3,859

)

(

119,736

)

Getinge

AB,

Class

B

(2)

(

1,885

)

(

38,052

)

Hexagon

AB,

Class

B

(2)

(

10,338

)

(

100,611

)

Indutrade

AB

(2)

(

1,362

)

(

31,229

)

Lifco

AB,

Class

B

(2)

(

3,658

)

(

110,663

)

Nibe

Industrier

AB,

Class

B

(2)

(

29,682

)

(

124,024

)

Nordnet

AB

publ

(2)

(

873

)

(

28,429

)

Skandinaviska

Enskilda

Banken

AB,

Class

A

(2)

(

7,881

)

(

145,632

)

Svenska

Cellulosa

AB

SCA,

Class

B

(2)

(

12,480

)

(

144,698

)

284

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Sweden

-

(3.1)%

(continued)

Trelleborg

AB,

Class

B

(2)

(

457

)

(

17,092

)

(1,826,331)

Switzerland

-

(

7

.8

)

%

Bachem

Holding

AG,

Class

B

(2)

(

910

)

(

75,089

)

Banque

Cantonale

Vaudoise

(Registered)

(2)

(

538

)

(

87,503

)

Barry

Callebaut

AG

(Registered)

(2)

(

39

)

(

68,585

)

Belimo

Holding

AG

(Registered)

(2)

(

166

)

(

134,817

)

BKW

AG

(2)

(

100

)

(

19,716

)

Chocoladefabriken

Lindt

&

Spruengli

AG

(2)

(

11

)

(

154,462

)

Cie

Financiere

Richemont

SA

(Registered)

(2)

(

1,483

)

(

261,848

)

EMS-Chemie

Holding

AG

(Registered)

(2)

(

114

)

(

89,637

)

Georg

Fischer

AG

(Registered)

(2)

(

1,298

)

(

66,963

)

Helvetia

Baloise

Holding

AG

(2)

(

79

)

(

20,446

)

Julius

Baer

Group

Ltd.

(2)

(

1,264

)

(

92,972

)

Logitech

International

SA

(Registered)

(2)

(

1,941

)

(

180,250

)

Lonza

Group

AG

(Registered)

(2)

(

517

)

(

331,665

)

Partners

Group

Holding

AG

(2)

(

872

)

(

939,878

)

Sandoz

Group

AG

(2)

(

3,449

)

(

270,232

)

SIG

Group

AG

(2)

(

1,195

)

(

17,913

)

Straumann

Holding

AG

(Registered)

(2)

(

3,885

)

(

406,461

)

Sulzer

AG

(Registered)

(2)

(

68

)

(

14,256

)

Swiss

Life

Holding

AG

(Registered)

(2)

(

299

)

(

325,675

)

Swisscom

AG

(Registered)

(2)

(

608

)

(

510,211

)

Tecan

Group

AG

(Registered)

(2)

(

210

)

(

35,744

)

UBS

Group

AG

(Registered)

(2)

(

8,530

)

(

332,614

)

VAT

Group

AG

(2)(c)

(

96

)

(

59,889

)

Ypsomed

Holding

AG

(Registered)

(2)

(

149

)

(

52,234

)

(4,549,060)

Thailand

-

(

0

.2

)

%

Fabrinet

(

269

)

(

140,289

)

Turkiye

-

(

0

.0

)

%

†

Eldorado

Gold

Corp.

(

108

)

(

3,709

)

United

Kingdom

-

(

9

.7

)

%

Associated

British

Foods

plc

(2)

(

13,096

)

(

327,824

)

AstraZeneca

plc

(2)

(

1,095

)

(

214,116

)

Autotrader

Group

plc

(2)(c)

(

13,628

)

(

85,299

)

Aviva

plc

(2)

(

13,915

)

(

111,673

)

Babcock

International

Group

plc

(2)

(

11,994

)

(

186,202

)

Beazley

plc

(2)

(

6,414

)

(

108,373

)

British

American

Tobacco

plc

(2)

(

664

)

(

38,551

)

BT

Group

plc

(2)

(

149,073

)

(

417,787

)

Bunzl

plc

(2)

(

8,455

)

(

254,542

)

Convatec

Group

plc

(2)(c)

(

16,669

)

(

48,081

)

Croda

International

plc

(2)

(

887

)

(

33,309

)

DCC

plc

(2)

(

1,029

)

(

63,733

)

Diageo

plc

(2)

(

4,757

)

(

88,467

)

Halma

plc

(2)

(

981

)

(

50,061

)

IMI

plc

(2)

(

1,470

)

(

50,008

)

Informa

plc

(2)

(

9,426

)

(

94,672

)

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

(9.7)%

(continued)

J

Sainsbury

plc

(

41,509

)

(

186,251

)

Legal

&

General

Group

plc

(2)

(

15,338

)

(

50,406

)

M&G

plc

(2)

(

16,020

)

(

58,192

)

Man

Group

plc

(2)

(

12,652

)

(

42,593

)

Marks

&

Spencer

Group

plc

(2)

(

42,252

)

(

190,376

)

National

Grid

plc

(2)

(

33,143

)

(

559,457

)

Pearson

plc

(2)

(

2,163

)

(

28,517

)

Rightmove

plc

(2)

(

6,895

)

(

39,448

)

Rotork

plc

(2)

(

5,898

)

(

24,525

)

Severn

Trent

plc

(2)

(

1,655

)

(

67,878

)

Smith

&

Nephew

plc

(2)

(

16,609

)

(

263,153

)

Smiths

Group

plc

(2)

(

2,101

)

(

64,115

)

SSE

plc

(2)

(

28,980

)

(

1,001,797

)

Standard

Chartered

plc

(2)

(

7,227

)

(

150,610

)

Tate

&

Lyle

plc

(

12,679

)

(

60,751

)

Taylor

Wimpey

plc

(2)

(

65,966

)

(

78,349

)

Unilever

plc

(2)

(

2,586

)

(

141,970

)

United

Utilities

Group

plc

(2)

(

5,442

)

(

94,888

)

Weir

Group

plc

(The)

(2)

(

5,594

)

(

209,790

)

Whitbread

plc

(2)

(

2,081

)

(

63,981

)

Wise

plc,

Class

A

(2)

(

8,135

)

(

97,963

)

(5,647,708)

United

States

-

(

163

.0

)

%

A

O

Smith

Corp.

(

5,507

)

(

363,132

)

AAON,

Inc.

(

186

)

(

15,392

)

Abbott

Laboratories

(

5,786

)

(

594,049

)

AbbVie,

Inc.

(

3,912

)

(

850,821

)

Acadia

Healthcare

Co.,

Inc.

(

11,979

)

(

280,189

)

Acerinox

SA

(2)

(

5,472

)

(

76,505

)

Acuity,

Inc.

(

381

)

(

106,764

)

Advanced

Micro

Devices,

Inc.

(

883

)

(

179,629

)

AECOM

(

2,133

)

(

180,921

)

Aegon

Ltd.

(2)

(

9,363

)

(

68,474

)

AeroVironment,

Inc.

(

959

)

(

175,545

)

AES

Corp.

(The)

(

5,180

)

(

72,986

)

Agilent

Technologies,

Inc.

(

1,430

)

(

162,991

)

Agree

Realty

Corp.,

REIT

(

1,134

)

(

85,481

)

Air

Products

and

Chemicals,

Inc.

(

1,819

)

(

528,401

)

Alaska

Air

Group,

Inc.

(

6,945

)

(

255,437

)

Albertsons

Cos.,

Inc.,

Class

A

(

8,583

)

(

146,254

)

Alcon

AG

(2)

(

970

)

(

73,323

)

Alexandria

Real

Estate

Equities,

Inc.,

REIT

(

341

)

(

15,829

)

Allegion

plc

(

480

)

(

69,739

)

Alliant

Energy

Corp.

(

6,117

)

(

438,956

)

Ally

Financial,

Inc.

(

4,081

)

(

160,098

)

Alphabet,

Inc.,

Class

A

(

1,814

)

(

521,634

)

Amcor

plc

(

6,872

)

(

273,162

)

American

Healthcare

REIT,

Inc.,

REIT

(

6,731

)

(

317,434

)

Americold

Realty

Trust,

Inc.,

REIT

(

29,353

)

(

336,385

)

AMETEK,

Inc.

(

79

)

(

16,934

)

Amgen,

Inc.

(

1,704

)

(

599,552

)

Amkor

Technology,

Inc.

(

4,052

)

(

182,462

)

Apellis

Pharmaceuticals,

Inc.

(

11,927

)

(

479,823

)

API

Group

Corp.

(

5,303

)

(

214,878

)

Apollo

Global

Management,

Inc.

(

2,218

)

(

247,130

)

Appfolio,

Inc.,

Class

A

(

550

)

(

86,801

)

Apple,

Inc.

(

2,891

)

(

733,707

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

285

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(163.0)%

(continued)

AppLovin

Corp.,

Class

A

(

922

)

(

366,956

)

Aptiv

plc

(

1,277

)

(

88,675

)

Archer-Daniels-Midland

Co.

(

2,483

)

(

180,489

)

Ares

Capital

Corp.

(

27,751

)

(

500,073

)

Arrowhead

Pharmaceuticals,

Inc.

(

4,656

)

(

291,931

)

Arthur

J

Gallagher

&

Co.

(

3,204

)

(

693,922

)

Associated

Banc-Corp.

(

5,661

)

(

146,393

)

Astera

Labs,

Inc.

(

3,897

)

(

427,111

)

AT&T,

Inc.

(

9,196

)

(

266,592

)

Atmos

Energy

Corp.

(

106

)

(

19,580

)

Aurora

Innovation,

Inc.

(

26,076

)

(

107,433

)

Automatic

Data

Processing,

Inc.

(

760

)

(

154,417

)

AvalonBay

Communities,

Inc.,

REIT

(

2,781

)

(

454,276

)

Avantor,

Inc.

(

7,183

)

(

56,315

)

Avery

Dennison

Corp.

(

843

)

(

145,569

)

Avis

Budget

Group,

Inc.

(

5,854

)

(

853,806

)

Axon

Enterprise,

Inc.

(

468

)

(

198,755

)

Bank

OZK

(

4,093

)

(

187,828

)

Baxter

International,

Inc.

(

8,240

)

(

138,432

)

Belden,

Inc.

(

716

)

(

82,218

)

Bentley

Systems,

Inc.,

Class

B

(

13,593

)

(

477,386

)

BILL

Holdings,

Inc.

(

4,746

)

(

181,772

)

Bio-Rad

Laboratories,

Inc.,

Class

A

(

812

)

(

226,345

)

Bio-Techne

Corp.

(

6,369

)

(

332,844

)

BJ's

Wholesale

Club

Holdings,

Inc.

(

3,104

)

(

305,496

)

Black

Hills

Corp.

(

2,510

)

(

174,219

)

Blackstone

Secured

Lending

Fund

(

10,315

)

(

244,362

)

Blackstone,

Inc.

(

237

)

(

27,253

)

Block,

Inc.,

Class

A

(

1,039

)

(

62,527

)

Bloom

Energy

Corp.,

Class

A

(

984

)

(

133,322

)

Blue

Owl

Capital

Corp.

(

26,383

)

(

291,796

)

Boeing

Co.

(The)

(

728

)

(

144,894

)

BOK

Financial

Corp.

(

1,628

)

(

208,482

)

Booz

Allen

Hamilton

Holding

Corp.,

Class

A

(

2,821

)

(

220,123

)

Boston

Scientific

Corp.

(

694

)

(

43,549

)

Brixmor

Property

Group,

Inc.,

REIT

(

7,340

)

(

211,392

)

Brown

&

Brown,

Inc.

(

5,299

)

(

345,548

)

Brown-Forman

Corp.,

Class

B

(

2,590

)

(

68,480

)

Builders

FirstSource,

Inc.

(

2,517

)

(

207,225

)

Bunge

Global

SA

(

1,537

)

(

195,506

)

Buzzi

SpA

(2)

(

1,088

)

(

55,006

)

BWX

Technologies,

Inc.

(

1,124

)

(

229,847

)

BXP,

Inc.,

REIT

(

3,326

)

(

172,619

)

Cabot

Corp.

(

1,237

)

(

93,158

)

Cadence

Design

Systems,

Inc.

(

1,435

)

(

398,743

)

Campbell's

Co.

(The)

(

15,878

)

(

353,603

)

Cardinal

Health,

Inc.

(

654

)

(

138,197

)

Carlyle

Secured

Lending,

Inc.

(

2,847

)

(

31,146

)

Carvana

Co.,

Class

A

(

1,262

)

(

396,748

)

Caterpillar,

Inc.

(

692

)

(

490,254

)

Cava

Group,

Inc.

(

3,427

)

(

277,244

)

CBRE

Group,

Inc.,

Class

A

(

1,648

)

(

223,238

)

Celanese

Corp.,

Class

A

(

548

)

(

36,042

)

Celsius

Holdings,

Inc.

(

1,393

)

(

49,424

)

Cencora,

Inc.

(

1,865

)

(

585,871

)

CenterPoint

Energy,

Inc.

(

9,017

)

(

389,174

)

Certara,

Inc.

(

16,666

)

(

94,996

)

CF

Industries

Holdings,

Inc.

(

3,576

)

(

464,308

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(163.0)%

(continued)

Charles

River

Laboratories

International,

Inc.

(

1,126

)

(

194,235

)

Charles

Schwab

Corp.

(The)

(

7,057

)

(

663,217

)

Choice

Hotels

International,

Inc.

(

5,164

)

(

534,474

)

Churchill

Downs,

Inc.

(

732

)

(

65,756

)

Cintas

Corp.

(

1,645

)

(

278,235

)

Cirrus

Logic,

Inc.

(

1,164

)

(

168,338

)

Cisco

Systems,

Inc.

(

6,587

)

(

511,085

)

Citigroup,

Inc.

(

1,392

)

(

157,867

)

Clarivate

plc

(

42,069

)

(

106,435

)

Clearway

Energy,

Inc.,

Class

C

(

6,002

)

(

235,819

)

Cleveland-Cliffs,

Inc.

(

8,965

)

(

75,754

)

Clorox

Co.

(The)

(

792

)

(

82,075

)

CNX

Resources

Corp.

(

1,737

)

(

66,961

)

Coca-Cola

Co.

(The)

(

9,642

)

(

733,274

)

Coinbase

Global,

Inc.,

Class

A

(

3,311

)

(

578,134

)

Colgate-Palmolive

Co.

(

1,223

)

(

104,236

)

Comcast

Corp.,

Class

A

(

1,451

)

(

41,658

)

Conagra

Brands,

Inc.

(

14,981

)

(

235,501

)

Constellation

Brands,

Inc.,

Class

A

(

826

)

(

123,900

)

Constellation

Energy

Corp.

(

481

)

(

134,319

)

Corcept

Therapeutics,

Inc.

(

912

)

(

36,763

)

Corning,

Inc.

(

908

)

(

123,461

)

Coty,

Inc.,

Class

A

(

17,034

)

(

34,238

)

Cousins

Properties,

Inc.,

REIT

(

2,910

)

(

65,679

)

Crane

NXT

Co.

(

4,616

)

(

187,363

)

Credit

Acceptance

Corp.

(

249

)

(

105,442

)

Crocs,

Inc.

(

1,478

)

(

122,704

)

Crowdstrike

Holdings,

Inc.,

Class

A

(

156

)

(

60,904

)

Crown

Castle,

Inc.,

REIT

(

2,913

)

(

236,856

)

CSX

Corp.

(

10,952

)

(

449,580

)

CubeSmart,

REIT

(

7,357

)

(

269,634

)

Cullen/Frost

Bankers,

Inc.

(

155

)

(

21,247

)

CVS

Health

Corp.

(

1,905

)

(

136,817

)

Cytokinetics,

Inc.

(

2,193

)

(

144,541

)

DaVita,

Inc.

(

54

)

(

8,299

)

Deere

&

Co.

(

250

)

(

140,825

)

Dell

Technologies,

Inc.,

Class

C

(

156

)

(

25,604

)

DENTSPLY

SIRONA,

Inc.

(

20,610

)

(

239,076

)

Devon

Energy

Corp.

(

4,601

)

(

231,522

)

Dick's

Sporting

Goods,

Inc.

(

2,220

)

(

440,204

)

Digital

Realty

Trust,

Inc.,

REIT

(

2,618

)

(

471,790

)

Dillard's,

Inc.,

Class

A

(

128

)

(

73,230

)

Dominion

Energy,

Inc.

(

10,417

)

(

643,979

)

Donaldson

Co.,

Inc.

(

821

)

(

69,678

)

DoorDash,

Inc.,

Class

A

(

737

)

(

110,661

)

Doximity,

Inc.,

Class

A

(

2,124

)

(

49,489

)

Dropbox,

Inc.,

Class

A

(

9,194

)

(

208,888

)

DT

Midstream,

Inc.

(

127

)

(

17,103

)

Duke

Energy

Corp.

(

4,681

)

(

612,930

)

Dutch

Bros,

Inc.,

Class

A

(

5,733

)

(

290,434

)

Dycom

Industries,

Inc.

(

1,090

)

(

369,314

)

Dynatrace,

Inc.

(

500

)

(

18,490

)

EastGroup

Properties,

Inc.,

REIT

(

888

)

(

164,360

)

Eastman

Chemical

Co.

(

2,119

)

(

161,722

)

eBay,

Inc.

(

1,699

)

(

154,643

)

EchoStar

Corp.,

Class

A

(

2,778

)

(

325,220

)

Eli

Lilly

&

Co.

(

76

)

(

69,903

)

Emerson

Electric

Co.

(

2,308

)

(

302,394

)

Enphase

Energy,

Inc.

(

6,264

)

(

236,842

)

286

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(163.0)%

(continued)

EQT

Corp.

(

379

)

(

24,120

)

Equitable

Holdings,

Inc.

(

455

)

(

16,885

)

Equity

LifeStyle

Properties,

Inc.,

REIT

(

7,202

)

(

449,549

)

Erie

Indemnity

Co.,

Class

A

(

470

)

(

118,116

)

Essent

Group

Ltd.

(

646

)

(

37,752

)

Essex

Property

Trust,

Inc.,

REIT

(

258

)

(

62,436

)

Etsy,

Inc.

(

1,892

)

(

94,562

)

Euronet

Worldwide,

Inc.

(

837

)

(

55,552

)

Evergy,

Inc.

(

4,991

)

(

408,863

)

Exelon

Corp.

(

8,389

)

(

411,229

)

Expand

Energy

Corp.

(

1,158

)

(

127,125

)

Expeditors

International

of

Washington,

Inc.

(

1,465

)

(

209,832

)

Experian

plc

(2)

(

316

)

(

10,932

)

Exponent,

Inc.

(

716

)

(

46,719

)

Extra

Space

Storage,

Inc.,

REIT

(

511

)

(

67,007

)

F5,

Inc.

(

337

)

(

97,504

)

FactSet

Research

Systems,

Inc.

(

142

)

(

30,813

)

Fastenal

Co.

(

8,973

)

(

416,347

)

Ferrovial

SE

(2)

(

3,426

)

(

222,883

)

Fifth

Third

Bancorp

(

18,397

)

(

854,725

)

First

Citizens

BancShares,

Inc.,

Class

A

(

72

)

(

135,696

)

First

Financial

Bankshares,

Inc.

(

1,168

)

(

34,398

)

FirstEnergy

Corp.

(

1,228

)

(

62,210

)

Flagstar

Bank

NA

(

14,849

)

(

195,561

)

Flex

Ltd.

(

2,290

)

(

149,903

)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(

9,552

)

(

485,242

)

Flowers

Foods,

Inc.

(

4,691

)

(

38,232

)

Flutter

Entertainment

plc

(

1,643

)

(

167,504

)

FMC

Corp.

(

2,158

)

(

37,161

)

Fortive

Corp.

(

6,654

)

(

367,833

)

Fortune

Brands

Innovations,

Inc.

(

1,764

)

(

68,743

)

Fox

Corp.,

Class

A

(

587

)

(

34,281

)

Franklin

Resources,

Inc.

(

7,416

)

(

175,166

)

FS

KKR

Capital

Corp.

(

13,638

)

(

138,835

)

GATX

Corp.

(

131

)

(

22,367

)

GCI

Liberty,

Inc.,

Class

C

(

851

)

(

31,666

)

GE

HealthCare

Technologies,

Inc.

(

3,406

)

(

242,439

)

Gen

Digital,

Inc.

(

8,133

)

(

153,144

)

Generac

Holdings,

Inc.

(

657

)

(

128,332

)

Genuine

Parts

Co.

(

1,984

)

(

209,808

)

Gilead

Sciences,

Inc.

(

2,705

)

(

376,996

)

Globant

SA

(

1,296

)

(

59,759

)

Goldman

Sachs

BDC,

Inc.

(

5,905

)

(

52,436

)

Golub

Capital

BDC,

Inc.

(

9,446

)

(

119,586

)

Graco,

Inc.

(

448

)

(

37,923

)

Grand

Canyon

Education,

Inc.

(

135

)

(

22,954

)

GXO

Logistics,

Inc.

(

306

)

(

15,866

)

Haleon

plc

(2)

(

47,880

)

(

236,958

)

Halliburton

Co.

(

3,594

)

(

140,130

)

Hamilton

Lane,

Inc.,

Class

A

(

1,309

)

(

130,115

)

Hancock

Whitney

Corp.

(

2,790

)

(

177,416

)

Harley-Davidson,

Inc.

(

14,920

)

(

301,682

)

HCA

Healthcare,

Inc.

(

690

)

(

326,536

)

Healthcare

Realty

Trust,

Inc.,

REIT

(

10,445

)

(

177,461

)

Healthpeak

Properties,

Inc.,

REIT

(

14,660

)

(

240,864

)

Hecla

Mining

Co.

(

9,070

)

(

168,974

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(163.0)%

(continued)

HEICO

Corp.

(

795

)

(

217,989

)

Hershey

Co.

(The)

(

82

)

(

17,047

)

Hexcel

Corp.

(

1,375

)

(

111,279

)

Highwoods

Properties,

Inc.,

REIT

(

810

)

(

17,342

)

Hilton

Worldwide

Holdings,

Inc.

(

636

)

(

193,395

)

Hims

&

Hers

Health,

Inc.

(

11,094

)

(

230,311

)

Home

Depot,

Inc.

(The)

(

2,504

)

(

823,541

)

Hormel

Foods

Corp.

(

5,602

)

(

126,885

)

Houlihan

Lokey,

Inc.,

Class

A

(

113

)

(

16,229

)

Howard

Hughes

Holdings,

Inc.

(

760

)

(

48,078

)

Howmet

Aerospace,

Inc.

(

72

)

(

16,593

)

Hubbell,

Inc.,

Class

B

(

932

)

(

457,370

)

Humana,

Inc.

(

1,253

)

(

217,258

)

Huntington

Bancshares,

Inc.

(

28,359

)

(

443,818

)

Hyatt

Hotels

Corp.,

Class

A

(

5,409

)

(

777,760

)

IAC,

Inc.

(

3,861

)

(

154,556

)

IDACORP,

Inc.

(

1,428

)

(

204,161

)

IDEXX

Laboratories,

Inc.

(

571

)

(

320,839

)

Independence

Realty

Trust,

Inc.,

REIT

(

7,559

)

(

112,554

)

Ingersoll

Rand,

Inc.

(

7,888

)

(

631,987

)

Insmed,

Inc.

(

581

)

(

95,005

)

Intercontinental

Exchange,

Inc.

(

134

)

(

21,076

)

International

Paper

Co.

(

8,614

)

(

307,520

)

Intuitive

Surgical,

Inc.

(

319

)

(

147,056

)

Ionis

Pharmaceuticals,

Inc.

(

1,092

)

(

81,998

)

IonQ,

Inc.

(

9,010

)

(

259,758

)

IPG

Photonics

Corp.

(

1,094

)

(

125,361

)

Iridium

Communications,

Inc.

(

1,753

)

(

48,628

)

Jabil,

Inc.

(

70

)

(

18,594

)

Jack

Henry

&

Associates,

Inc.

(

1,527

)

(

241,327

)

James

Hardie

Industries

plc,

CHESS

(2)

(

2,940

)

(

54,216

)

James

Hardie

Industries

plc,

ADR

(

9,843

)

(

186,426

)

Johnson

&

Johnson

(

3,150

)

(

769,986

)

JPMorgan

Chase

&

Co.

(

2,115

)

(

622,148

)

KB

Home

(

2,900

)

(

150,075

)

Kilroy

Realty

Corp.,

REIT

(

6,819

)

(

192,364

)

Kimberly-Clark

Corp.

(

3,519

)

(

339,478

)

Kinsale

Capital

Group,

Inc.

(

231

)

(

78,923

)

Kite

Realty

Group

Trust,

REIT

(

7,210

)

(

177,006

)

Kraft

Heinz

Co.

(The)

(

9,357

)

(

210,439

)

Kratos

Defense

&

Security

Solutions,

Inc.

(

2,837

)

(

200,037

)

Kroger

Co.

(The)

(

2,746

)

(

198,701

)

L3Harris

Technologies,

Inc.

(

574

)

(

198,116

)

Labcorp

Holdings,

Inc.

(

905

)

(

241,463

)

Lamb

Weston

Holdings,

Inc.

(

1,931

)

(

81,604

)

Lantheus

Holdings,

Inc.

(

2,446

)

(

185,529

)

Leidos

Holdings,

Inc.

(

777

)

(

120,839

)

Lennox

International,

Inc.

(

571

)

(

265,018

)

Liberty

Media

Corp-Liberty

Formula

One,

Class

A

(

754

)

(

58,872

)

Lincoln

National

Corp.

(

4,981

)

(

176,826

)

Lithia

Motors,

Inc.,

Class

A

(

166

)

(

41,454

)

Live

Nation

Entertainment,

Inc.

(

1,988

)

(

303,190

)

LKQ

Corp.

(

2,245

)

(

65,936

)

Loar

Holdings,

Inc.

(

3,623

)

(

207,562

)

Loews

Corp.

(

1,799

)

(

192,025

)

LPL

Financial

Holdings,

Inc.

(

2,210

)

(

664,834

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

287

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(163.0)%

(continued)

Lululemon

Athletica,

Inc.

(

387

)

(

59,250

)

M&T

Bank

Corp.

(

2,499

)

(

516,593

)

Maplebear,

Inc.

(

2,486

)

(

93,126

)

Marathon

Petroleum

Corp.

(

350

)

(

85,463

)

Markel

Group,

Inc.

(

21

)

(

40,195

)

Martin

Marietta

Materials,

Inc.

(

370

)

(

217,812

)

Marvell

Technology,

Inc.

(

2,027

)

(

200,774

)

Masco

Corp.

(

1,003

)

(

60,551

)

Mastercard,

Inc.,

Class

A

(

148

)

(

73,950

)

Maximus,

Inc.

(

1,652

)

(

105,893

)

McCormick

&

Co.,

Inc.

(Non-Voting)

(

267

)

(

13,467

)

McDonald's

Corp.

(

1,308

)

(

406,513

)

MDU

Resources

Group,

Inc.

(

16,347

)

(

338,710

)

Meta

Platforms,

Inc.,

Class

A

(

392

)

(

224,275

)

Millrose

Properties,

Inc.,

Class

A,

REIT

(

3,933

)

(

110,124

)

MKS,

Inc.

(

397

)

(

91,235

)

Molson

Coors

Beverage

Co.,

Class

B

(

3,412

)

(

146,921

)

Mondelez

International,

Inc.,

Class

A

(

18,263

)

(

1,052,678

)

Monolithic

Power

Systems,

Inc.

(

244

)

(

266,777

)

Monster

Beverage

Corp.

(

633

)

(

45,867

)

Moody's

Corp.

(

1,035

)

(

451,519

)

Motorola

Solutions,

Inc.

(

273

)

(

118,474

)

MP

Materials

Corp.

(

2,502

)

(

120,747

)

MSA

Safety,

Inc.

(

95

)

(

15,575

)

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

(

1,729

)

(

159,535

)

Murphy

Oil

Corp.

(

6,333

)

(

261,236

)

National

Storage

Affiliates

Trust,

REIT

(

4,585

)

(

173,038

)

nCino,

Inc.

(

5,793

)

(

86,779

)

NetApp,

Inc.

(

3,519

)

(

360,310

)

Netflix,

Inc.

(

2,910

)

(

279,797

)

New

Mountain

Finance

Corp.

(

3,889

)

(

30,179

)

NewMarket

Corp.

(

51

)

(

32,688

)

NextEra

Energy,

Inc.

(

2,940

)

(

273,067

)

Nextpower,

Inc.,

Class

A

(

2,682

)

(

323,315

)

NIKE,

Inc.,

Class

B

(

6,765

)

(

357,327

)

NiSource,

Inc.

(

2,125

)

(

99,153

)

NNN

REIT,

Inc.,

REIT

(

451

)

(

18,956

)

Northrop

Grumman

Corp.

(

26

)

(

17,738

)

Novanta,

Inc.

(

371

)

(

43,819

)

NRG

Energy,

Inc.

(

825

)

(

120,566

)

Oaktree

Specialty

Lending

Corp.

(

3,910

)

(

44,183

)

Oklo,

Inc.

(

6,566

)

(

325,608

)

Okta,

Inc.,

Class

A

(

1,775

)

(

139,710

)

Old

National

Bancorp

(

3,762

)

(

83,140

)

Olin

Corp.

(

9,449

)

(

280,919

)

ONE

Gas,

Inc.

(

365

)

(

31,437

)

ONEOK,

Inc.

(

8,041

)

(

726,826

)

Organon

&

Co.

(

1,396

)

(

8,362

)

Ormat

Technologies,

Inc.

(

2,951

)

(

330,276

)

Palo

Alto

Networks,

Inc.

(

1,729

)

(

277,193

)

Park

Hotels

&

Resorts,

Inc.,

REIT

(

3,589

)

(

37,792

)

Parker-Hannifin

Corp.

(

622

)

(

556,839

)

Parsons

Corp.

(

2,003

)

(

108,503

)

Paychex,

Inc.

(

2,569

)

(

236,656

)

Paycom

Software,

Inc.

(

857

)

(

104,160

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(163.0)%

(continued)

Pegasystems,

Inc.

(

3,005

)

(

127,893

)

Penn

Entertainment,

Inc.

(

2,291

)

(

34,434

)

Performance

Food

Group

Co.

(

3,678

)

(

315,057

)

Perrigo

Co.

plc

(

10,980

)

(

117,925

)

Pinnacle

West

Capital

Corp.

(

30

)

(

3,023

)

Planet

Fitness,

Inc.,

Class

A

(

1,746

)

(

129,867

)

Pool

Corp.

(

724

)

(

146,487

)

Post

Holdings,

Inc.

(

113

)

(

11,171

)

Power

Integrations,

Inc.

(

1,995

)

(

102,144

)

PPG

Industries,

Inc.

(

2,684

)

(

286,866

)

PPL

Corp.

(

12,307

)

(

470,127

)

Procter

&

Gamble

Co.

(The)

(

2,594

)

(

374,677

)

PTC,

Inc.

(

1,117

)

(

159,161

)

Public

Service

Enterprise

Group,

Inc.

(

2,471

)

(

200,027

)

Public

Storage,

REIT

(

1,106

)

(

299,593

)

PulteGroup,

Inc.

(

1,874

)

(

220,401

)

PVH

Corp.

(

1,854

)

(

129,335

)

QIAGEN

NV

(2)

(

4,151

)

(

168,156

)

Qnity

Electronics,

Inc.

(

2,191

)

(

252,798

)

Qualys,

Inc.

(

653

)

(

57,366

)

Quanta

Services,

Inc.

(

74

)

(

40,627

)

QuantumScape

Corp.

(

44,485

)

(

283,814

)

Quest

Diagnostics,

Inc.

(

1,958

)

(

383,729

)

QXO,

Inc.

(

15,782

)

(

306,486

)

Range

Resources

Corp.

(

3,594

)

(

162,377

)

Rayonier,

Inc.,

REIT

(

12,175

)

(

251,049

)

Realty

Income

Corp.,

REIT

(

5,691

)

(

348,175

)

Reddit,

Inc.,

Class

A

(

669

)

(

90,081

)

Regions

Financial

Corp.

(

9,487

)

(

247,800

)

Repligen

Corp.

(

1,403

)

(

165,301

)

Republic

Services,

Inc.,

Class

A

(

1,196

)

(

261,948

)

ResMed,

Inc.

(

1,150

)

(

258,152

)

Revolution

Medicines,

Inc.

(

1,347

)

(

130,996

)

Revvity,

Inc.

(

1,461

)

(

127,998

)

Rexford

Industrial

Realty,

Inc.,

REIT

(

4,960

)

(

162,341

)

RH

(

1,284

)

(

179,529

)

RingCentral,

Inc.,

Class

A

(

2,494

)

(

92,752

)

Rivian

Automotive,

Inc.,

Class

A

(

12,826

)

(

193,031

)

RLI

Corp.

(

511

)

(

29,147

)

Robinhood

Markets,

Inc.,

Class

A

(

5,399

)

(

374,151

)

Rocket

Lab

Corp.

(

1,806

)

(

115,981

)

Rockwell

Automation,

Inc.

(

455

)

(

163,290

)

Rollins,

Inc.

(

2,627

)

(

140,308

)

Royal

Gold,

Inc.

(

617

)

(

157,020

)

Ryan

Specialty

Holdings,

Inc.,

Class

A

(

6,755

)

(

227,914

)

Samsara,

Inc.,

Class

A

(

6,838

)

(

216,696

)

Schneider

Electric

SE

(2)

(

1,158

)

(

315,418

)

Scotts

Miracle-Gro

Co.

(The)

(

2,131

)

(

129,586

)

SEI

Investments

Co.

(

891

)

(

69,917

)

Sensata

Technologies

Holding

plc

(

686

)

(

24,161

)

Service

Corp.

International

(

1,411

)

(

116,422

)

SharkNinja,

Inc.

(

488

)

(

51,679

)

Sherwin-Williams

Co.

(The)

(

762

)

(

244,259

)

Shift4

Payments,

Inc.,

Class

A

(

8,162

)

(

356,924

)

Signify

NV

(2)(c)

(

1,104

)

(

23,514

)

Silgan

Holdings,

Inc.

(

3,577

)

(

138,788

)

Sirius

XM

Holdings,

Inc.

(

3,342

)

(

77,133

)

Sixth

Street

Specialty

Lending,

Inc.

(

2,767

)

(

50,857

)

288

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(163.0)%

(continued)

Skyworks

Solutions,

Inc.

(

402

)

(

21,527

)

SLB

Ltd.

(

8,848

)

(

454,699

)

SLM

Corp.

(

2,096

)

(

44,875

)

Snap-on,

Inc.

(

380

)

(

138,024

)

SoFi

Technologies,

Inc.

(

17,227

)

(

273,565

)

Somnigroup

International,

Inc.

(

2,037

)

(

150,575

)

Sonoco

Products

Co.

(

327

)

(

17,687

)

Southern

Co.

(The)

(

4,756

)

(

459,049

)

Southwest

Gas

Holdings,

Inc.

(

1

)

(

87

)

Spire,

Inc.

(

979

)

(

88,639

)

SPX

Technologies,

Inc.

(

107

)

(

21,394

)

STAG

Industrial,

Inc.,

REIT

(

2,998

)

(

108,108

)

StandardAero,

Inc.

(

4,073

)

(

105,206

)

Stanley

Black

&

Decker,

Inc.

(

209

)

(

14,852

)

Starbucks

Corp.

(

3,051

)

(

273,339

)

Steel

Dynamics,

Inc.

(

2,106

)

(

379,080

)

Strategy,

Inc.,

Class

A

(

1,457

)

(

181,834

)

Summit

Therapeutics,

Inc.

(

2,596

)

(

49,220

)

Sun

Communities,

Inc.,

REIT

(

815

)

(

102,657

)

Super

Micro

Computer,

Inc.

(

7,392

)

(

168,316

)

Swiss

Re

AG

(2)

(

1,794

)

(

301,351

)

Synaptics,

Inc.

(

1,718

)

(

120,329

)

Synopsys,

Inc.

(

59

)

(

23,392

)

Sysco

Corp.

(

369

)

(

26,321

)

T.

Rowe

Price

Group,

Inc.

(

905

)

(

81,577

)

Talen

Energy

Corp.

(

544

)

(

173,661

)

Teleflex,

Inc.

(

381

)

(

45,571

)

Tempus

AI,

Inc.,

Class

A

(

3,817

)

(

172,605

)

Tenaris

SA

(2)

(

9,526

)

(

278,467

)

Teradata

Corp.

(

2,154

)

(

55,207

)

Terex

Corp.

(

4,209

)

(

248,752

)

Tesla,

Inc.

(

835

)

(

310,411

)

Tetra

Tech,

Inc.

(

2,410

)

(

72,589

)

Texas

Instruments,

Inc.

(

264

)

(

51,253

)

TFS

Financial

Corp.

(

4

)

(

56

)

Thermo

Fisher

Scientific,

Inc.

(

164

)

(

80,611

)

Thor

Industries,

Inc.

(

289

)

(

23,088

)

Toast,

Inc.,

Class

A

(

1,545

)

(

40,958

)

TopBuild

Corp.

(

1,231

)

(

432,450

)

TPG,

Inc.

(

5,317

)

(

215,392

)

Tractor

Supply

Co.

(

5,717

)

(

258,980

)

Trane

Technologies

plc

(

868

)

(

361,730

)

TransDigm

Group,

Inc.

(

195

)

(

225,997

)

Trimble,

Inc.

(

961

)

(

62,686

)

Twilio,

Inc.,

Class

A

(

3,258

)

(

409,922

)

Tyler

Technologies,

Inc.

(

439

)

(

150,305

)

UDR,

Inc.,

REIT

(

6,934

)

(

234,231

)

UFP

Industries,

Inc.

(

304

)

(

28,004

)

UGI

Corp.

(

5,909

)

(

215,206

)

U-Haul

Holding

Co.

(

409

)

(

18,270

)

UL

Solutions,

Inc.,

Class

A

(

123

)

(

10,542

)

UMB

Financial

Corp.

(

687

)

(

77,487

)

Under

Armour,

Inc.,

Class

A

(

37,754

)

(

223,126

)

United

Rentals,

Inc.

(

163

)

(

118,755

)

UnitedHealth

Group,

Inc.

(

295

)

(

79,824

)

Unity

Software,

Inc.

(

12,718

)

(

279,033

)

Universal

Display

Corp.

(

263

)

(

24,107

)

US

Foods

Holding

Corp.

(

1,718

)

(

158,417

)

Vail

Resorts,

Inc.

(

1,081

)

(

138,714

)

Valmont

Industries,

Inc.

(

192

)

(

76,717

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(163.0)%

(continued)

Valvoline,

Inc.

(

4,875

)

(

164,190

)

Viking

Therapeutics,

Inc.

(

1,028

)

(

33,451

)

Visa,

Inc.,

Class

A

(

1,391

)

(

420,416

)

Visteon

Corp.

(

84

)

(

7,653

)

Vistra

Corp.

(

1,560

)

(

234,515

)

Vontier

Corp.

(

3,390

)

(

120,243

)

Vulcan

Materials

Co.

(

1,360

)

(

370,328

)

W

R

Berkley

Corp.

(

5,536

)

(

366,926

)

Waste

Connections,

Inc.

(

444

)

(

72,123

)

Waste

Management,

Inc.

(

643

)

(

147,755

)

Waters

Corp.

(

1,078

)

(

321,028

)

Watsco,

Inc.

(

844

)

(

307,039

)

Wayfair,

Inc.,

Class

A

(

1,503

)

(

113,041

)

WEC

Energy

Group,

Inc.

(

1,738

)

(

201,208

)

Welltower,

Inc.,

REIT

(

3,935

)

(

777,989

)

Wendy's

Co.

(The)

(

7,781

)

(

54,078

)

Western

Alliance

Bancorp

(

1,035

)

(

73,330

)

Western

Union

Co.

(The)

(

26,186

)

(

228,604

)

WEX,

Inc.

(

1,169

)

(

178,904

)

Whirlpool

Corp.

(

1,787

)

(

96,355

)

Williams

Cos.,

Inc.

(The)

(

7,988

)

(

581,367

)

Willis

Towers

Watson

plc

(

559

)

(

162,501

)

WillScot

Holdings

Corp.

(

20,517

)

(

356,175

)

Wingstop,

Inc.

(

992

)

(

153,730

)

Wintrust

Financial

Corp.

(

130

)

(

18,062

)

WP

Carey,

Inc.,

REIT

(

8,842

)

(

600,902

)

WW

Grainger,

Inc.

(

166

)

(

181,074

)

Wyndham

Hotels

&

Resorts,

Inc.

(

2,175

)

(

176,675

)

Wynn

Resorts

Ltd.

(

3,168

)

(

321,710

)

Xcel

Energy,

Inc.

(

3,793

)

(

301,316

)

Yum!

Brands,

Inc.

(

3,888

)

(

604,506

)

Zebra

Technologies

Corp.,

Class

A

(

360

)

(

75,269

)

Zillow

Group,

Inc.,

Class

C

(

2,656

)

(

109,905

)

ZoomInfo

Technologies,

Inc.,

Class

A

(

15,139

)

(

90,531

)

(95,155,521)

Zambia

-

(

0

.0

)

%

†

First

Quantum

Minerals

Ltd.

(

329

)

(

7,866

)

TOTAL

COMMON

STOCKS

(Proceeds

$(167,294,192))                                                    

(154,057,263)

PREFERRED

STOCKS

-

(0.9)%

Germany

-

(

0

.9

)

%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(c)

(

3,581

)

(

163,130

)

Henkel

AG

&

Co.

KGaA

(Preference)

(2)

(

754

)

(

58,246

)

Sartorius

AG

(Preference)

(2)

(

1,276

)

(

319,276

)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(572,177))                                                    

(540,652)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

289

(Continued)

INVESTMENTS

NO.

OF

RIGHTS

VALUE

($)

RIGHTS

-

0.0%

United

States

-

0

.0

%

Walgreens

Boots

Alliance,

Inc.,

CVR

(3)

(Proceeds

$–)

(

1,658

)

–

TOTAL

SHORT

POSITIONS

(Proceeds

$(167,866,369))

(154,597,915)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

66.3%

(Cost

$15,270,669)

38,742,159

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

33.7%

‡

19,687,098

NET

ASSETS

-

100.0%

58,429,257

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(

1,458,576

)

(

2

.5

)

%

Consumer

Discretionary

2,919,092

5

.1

Consumer

Staples

(

855,841

)

(

1

.5

)

Energy

2,201,326

3

.8

Financials

8,932,093

15

.3

Health

Care

(

3,154,233

)

(

5

.4

)

Industrials

3,140,998

5

.4

Information

Technology

1,647,480

2

.8

Materials

943,695

1

.6

Purchased

Options

184,566

0

.3

Real

Estate

(

4,480,079

)

(

7

.7

)

Utilities

(

6,953,372

)

(

11

.9

)

Investment

Companies

15,614,328

26

.7

U.S.

Treasury

Obligations

20,060,682

34

.3

Total

Investments

In

Securities

At

Value

38,742,159

66

.3

Other

Assets

in

Excess

of

Liabilities

‡

19,687,098

33

.7

Net

Assets

$

58,429,257

100

.0

%

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange,

futures,

swap

and

written

option

contracts,

and

value

of

reverse

repurchase

agreements.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$155,426,446,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

In

addition,

$12,150,898

of

cash

collateral

was

also

pledged.

(b)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$33,763,423.

(c)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$1,233,180

of

investments

in

securities

and

$(1,865,624)

of

securities

sold

short,

which

represents

2.11%

and

(3.19)%

of

net

assets

of

the

Fund,

respectively.

(d)

Inflation-protected

security.

(e)

On

March

31,

2026,

securities

valued

at

$1,007,961

were

pledged

as

collateral

for

reverse

repurchase

agreements

outstanding.

(f)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(g)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(h)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

(3)

Security

fair

valued

using

significant

unobservable

inputs

(Level

3)

in

accordance

with

procedures

approved

by

the

Board

of

Trustees.

290

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Reverse

repurchase

agreements

outstanding

as

of

March

31,

2026:

Over-the-Counter

COUNTERPARTY

TRADE

DATE

RATE

MATURITY

DATE

CURRENCY

PRINCIPAL

AMOUNT

AND

VALUE

OF

REVERSE

REPURCHASE

AGREEMENT

BNPP

3/20/2026

3.79%

4/9/2026

USD

$

501,250

BNPP

3/23/2026

3.80%

4/9/2026

USD

500,000

$

1,001,250

The

weighted

average

daily

balance

of

the

reverse

repurchase

agreements

during

the

period

ended

March

31,

2026

was

$945,694

at

a

net

weighted

average

interest

rate

of

3.795%.

Written

put

option

contracts

(premium-style)

outstanding

as

of

March

31,

2026:

Over-the-Counter

D

ESCRIPTION

COUNTERPARTY

NUMBER

OF

CONTRACTS

NOTIONAL

AMOUNT

EXERCISE

PRICE

EXPIRATION

DATE

PREMIUM

PAID

(RECEIVED)

VALUE

S&P

500

Index

JPMC

4

USD

(

2,611,408

)

USD

5,600

6/18/2026

$

(

26,105

)

$

(

21,922

)

$

(

26,105

)

$

(

21,922

)

Credit

default

swap

contracts

outstanding

-

buy

protection

as

of

March

31,

2026:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

PAID

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Main

Index

Series

45.V1

1

.00

%

Quarterly

6/20/2031

0

.66

%

EUR

50,000

$

(

772

)

$

(

20

)

$

(

792

)

iTraxx

Europe

Main

Index

Series

45.V1

1

.00

Quarterly

6/20/2031

0

.66

EUR

50,000

(

772

)

(

20

)

(

792

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

18,000

(

721

)

(

171

)

(

892

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

18,000

(

721

)

(

170

)

(

891

)

$

(

2,986

)

$

(

381

)

$

(

3,367

)

Credit

default

swap

contracts

outstanding

-

sell

protection

as

of

March

31,

2026

:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

RECEIVED

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

%

Quarterly

6/20/2031

3

.53

%

EUR

62,000

$

4,736

$

(

123

)

$

4,613

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

Quarterly

6/20/2031

3

.53

EUR

62,000

4,736

(

123

)

4,613

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

Quarterly

6/20/2031

0

.63

USD

114,000

1,904

102

2,006

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

291

(Continued)

REFERENCE

ENTITY

FINANCING

RATE

RECEIVED

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

%

Quarterly

6/20/2031

0

.63

%

USD

114,000

$

1,904

$

102

$

2,006

13,280

(

42

)

13,238

Markit

CDX

North

America

Emerging

Markets

Index

Series

45.V1

1

.00

%

Quarterly

6/20/2031

1

.94

%

USD

37,000

$

(

1,495

)

$

(

53

)

$

(

1,548

)

Markit

CDX

North

America

Emerging

Markets

Index

Series

45.V1

1

.00

Quarterly

6/20/2031

1

.94

USD

37,000

(

1,495

)

(

53

)

(

1,548

)

(

2,990

)

(

106

)

(

3,096

)

$

10,290

$

(

148

)

$

10,142

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2026:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.00%

Semi

6/21/2028

CAD

100,000

$

181

$

88

$

269

Pay

1D

CORRA

Semi

3.00%

Semi

6/21/2028

CAD

200,000

369

173

542

Pay

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

1,500,000

(

171

)

2,662

2,491

Pay

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

1,600,000

(

174

)

2,834

2,660

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

1,800,000

23,677

631

24,308

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

1,900,000

25,186

376

25,562

Pay

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

200,000

1,821

515

2,336

Pay

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

300,000

2,743

478

3,221

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

6,400,000

2,555

32,104

34,659

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

6,500,000

3,395

31,578

34,973

Pay

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

100,000

(

391

)

607

216

Pay

1D

THOR

Qtrly

2.00%

Qtrly

6/17/2031

THB

1,000,000

318

–

318

Pay

1D

THOR

Qtrly

2.00%

Qtrly

6/17/2031

THB

1,000,000

318

–

318

Pay

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

3,900,000

892

2

894

Pay

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

3,900,000

892

3

895

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

32,500,000

257

–

257

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

32,500,000

257

–

257

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

5,400,000

20,042

4,231

24,273

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

5,300,000

19,671

4,273

23,944

Pay

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

4,500,000

5,904

4,123

10,027

Pay

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

4,500,000

5,904

4,123

10,027

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

1,200,000

133

342

475

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

1,100,000

122

328

450

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

9,500,000

2,680

833

3,513

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

9,500,000

2,680

833

3,513

Pay

3M

JIBAR

Qtrly

8.50%

Qtrly

6/18/2036

ZAR

4,600,000

1,511

(

323

)

1,188

Pay

3M

JIBAR

Qtrly

8.50%

Qtrly

6/18/2036

ZAR

4,600,000

1,511

(

323

)

1,188

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

16,800,000

(

15,928

)

46,515

30,587

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

16,800,000

(

16,873

)

47,465

30,592

Pay

6M

NIBOR

Semi

5.00%

Annual

6/21/2028

NOK

7,600,000

1,059

202

1,261

Pay

6M

NIBOR

Semi

5.00%

Annual

6/21/2028

NOK

7,600,000

1,059

202

1,261

Pay

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

5,300,000

854

(

81

)

773

Pay

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

5,300,000

854

(

81

)

773

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

410,000,000

646

(

412

)

234

Receive

1D

CLICP

Semi

4.50%

Semi

9/20/2028

CLP

119,600,000

333

974

1,307

Receive

1D

CLICP

Semi

4.50%

Semi

9/20/2028

CLP

119,600,000

333

974

1,307

292

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

410,000,000

$

646

$

(

412

)

$

234

Receive

1D

CLICP

Semi

5.00%

Semi

6/17/2031

CLP

40,000,000

(

466

)

672

206

Receive

1D

CLICP

Semi

5.00%

Semi

6/17/2031

CLP

40,000,000

(

466

)

672

206

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

395,000,000

3,717

(

1,018

)

2,699

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

395,000,000

3,717

(

1,018

)

2,699

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

8,000,000

(

29

)

34,001

33,972

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

8,000,000

(

532

)

34,505

33,973

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

1,100,000

(

281

)

6,021

5,740

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

1,000,000

(

275

)

5,494

5,219

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

160,000,000

94

69

163

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

369,800,000

1,607

509

2,116

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

369,800,000

1,607

509

2,116

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

160,000,000

94

69

163

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

210,000,000

230

(

38

)

192

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

210,000,000

230

(

38

)

192

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/17/2036

COP

10,400,000

(

39

)

55

16

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/17/2036

COP

10,400,000

(

39

)

55

16

Receive

1D

MIBOR

Semi

6.50%

Semi

6/20/2028

INR

39,500,000

(

2,098

)

2,469

371

Receive

1D

MIBOR

Semi

6.50%

Semi

6/20/2028

INR

39,400,000

(

2,093

)

2,463

370

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

432,500,000

(

10,434

)

25,190

14,756

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

432,500,000

(

10,434

)

25,190

14,756

Receive

1D

SARON

Annual

0.50%

Annual

6/18/2036

CHF

500,000

4,806

(

611

)

4,195

Receive

1D

SARON

Annual

0.50%

Annual

6/18/2036

CHF

400,000

3,050

156

3,206

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2036

CHF

1,600,000

9,006

9,745

18,751

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2036

CHF

1,700,000

9,957

9,966

19,923

Receive

1D

SHIRON

Annual

3.50%

Annual

9/20/2028

ILS

100,000

132

43

175

Receive

1D

SHIRON

Annual

3.50%

Annual

9/20/2028

ILS

100,000

214

(

16

)

198

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

23,500,000

(

40,997

)

71,867

30,870

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

23,600,000

(

41,050

)

72,081

31,031

Receive

1D

SOFR

Annual

3.50%

Annual

6/18/2031

USD

1,000,000

(

9,495

)

15,537

6,042

Receive

1D

SOFR

Annual

3.50%

Annual

6/18/2031

USD

900,000

(

8,620

)

14,058

5,438

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

2,500,000

(

844

)

16,791

15,947

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

2,500,000

418

15,390

15,808

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

7,100,000

411

96,446

96,857

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

7,100,000

3,058

93,797

96,855

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

6/04/2036

MXN

17,000,000

14,003

21,218

35,221

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

6/04/2036

MXN

17,000,000

14,003

21,218

35,221

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

9/03/2036

MXN

4,700,000

918

9,957

10,875

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

9/03/2036

MXN

4,700,000

918

9,957

10,875

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

3,527,000,000

(

41,831

)

74,686

32,855

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

3,527,000,000

(

41,831

)

74,686

32,855

Receive

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

182,200,000

9,104

16,955

26,059

Receive

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

182,200,000

9,104

16,955

26,059

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

8,900,000

19,006

(

683

)

18,323

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

8,900,000

19,019

(

695

)

18,324

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

19,400,000

67,369

(

24,441

)

42,928

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

19,500,000

67,216

(

23,936

)

43,280

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/21/2028

KRW

291,800,000

(

445

)

1,169

724

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/21/2028

KRW

291,800,000

(

445

)

1,169

724

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

3,495,300,000

(

3,053

)

16,087

13,034

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

3,495,300,000

(

3,065

)

16,087

13,022

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

97,300,000

(

308

)

1,181

873

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

97,300,000

(

308

)

1,181

873

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

692,200,000

(

1,870

)

8,887

7,017

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

692,200,000

(

1,870

)

8,887

7,017

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

6/21/2028

ZAR

12,000,000

5,242

593

5,835

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

6/21/2028

ZAR

11,900,000

5,191

595

5,786

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

293

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

15,200,000

$

607

$

14

$

621

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

15,200,000

607

14

621

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

6/18/2031

ZAR

500,000

200

126

326

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

6/18/2031

ZAR

500,000

200

126

326

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

6/18/2036

ZAR

800,000

(

384

)

3,407

3,023

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

6/18/2036

ZAR

800,000

(

384

)

3,407

3,023

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/18/2036

SEK

100,000

84

17

101

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

11,500,000

14,754

(

82

)

14,672

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

11,500,000

14,753

(

81

)

14,672

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

6/20/2028

TWD

45,500,000

(

767

)

4,047

3,280

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

6/20/2028

TWD

45,500,000

(

767

)

4,047

3,280

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

2,500,000

313

(

32

)

281

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

2,500,000

313

(

32

)

281

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

200,000

1,185

(

55

)

1,130

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

200,000

1,798

(

669

)

1,129

Receive

6M

BUBOR

Semi

7.00%

Annual

6/21/2028

HUF

75,000,000

1,752

(

619

)

1,133

Receive

6M

BUBOR

Semi

7.00%

Annual

6/21/2028

HUF

75,000,000

1,752

(

619

)

1,133

Receive

6M

BUBOR

Semi

6.50%

Annual

9/20/2028

HUF

80,000,000

2,027

1,503

3,530

Receive

6M

BUBOR

Semi

6.50%

Annual

9/20/2028

HUF

80,000,000

2,027

1,503

3,530

Receive

6M

BUBOR

Semi

7.00%

Annual

9/17/2031

HUF

5,000,000

(

199

)

318

119

Receive

6M

BUBOR

Semi

7.00%

Annual

9/17/2031

HUF

5,000,000

(

199

)

318

119

Receive

6M

BUBOR

Semi

6.50%

Annual

6/18/2036

HUF

35,000,000

(

1,077

)

5,813

4,736

Receive

6M

BUBOR

Semi

6.50%

Annual

6/18/2036

HUF

35,000,000

(

1,077

)

5,813

4,736

Receive

6M

BUBOR

Semi

6.00%

Annual

9/17/2036

HUF

20,000,000

1,714

3,082

4,796

Receive

6M

BUBOR

Semi

6.00%

Annual

9/17/2036

HUF

20,000,000

1,714

3,082

4,796

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2056

EUR

500,000

8,443

3,491

11,934

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2056

EUR

500,000

4,731

7,203

11,934

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

9,500,000

22,731

10,732

33,463

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

9,500,000

22,731

10,732

33,463

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

5,000,000

12,675

4,054

16,729

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

5,000,000

12,667

4,062

16,729

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

27,400,000

4,520

5,337

9,857

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

27,400,000

4,520

5,337

9,857

Receive

6M

PRIBOR

Semi

4.00%

Annual

6/18/2031

CZK

8,100,000

(

4,174

)

11,437

7,263

Receive

6M

PRIBOR

Semi

4.00%

Annual

6/18/2031

CZK

8,100,000

(

4,174

)

11,437

7,263

Receive

6M

WIBOR

Semi

4.50%

Annual

6/18/2036

PLN

200,000

(

1,520

)

3,234

1,714

Receive

6M

WIBOR

Semi

4.50%

Annual

6/18/2036

PLN

200,000

(

1,520

)

3,190

1,670

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2036

PLN

700,000

6,093

23

6,116

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2036

PLN

700,000

6,093

23

6,116

280,251

1,103,371

1,383,622

Pay

1D

CLICP

Semi

4.50%

Semi

6/20/2028

CLP

469,300,000

(

83

)

(

4,567

)

(

4,650

)

Pay

1D

CLICP

Semi

4.50%

Semi

6/20/2028

CLP

469,300,000

(

83

)

(

4,567

)

(

4,650

)

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

1,500,000

(

15,295

)

(

7,896

)

(

23,191

)

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

1,400,000

(

12,458

)

(

9,187

)

(

21,645

)

Pay

1D

MIBOR

Semi

6.50%

Semi

6/17/2031

INR

14,200,000

291

(

2,403

)

(

2,112

)

Pay

1D

MIBOR

Semi

6.50%

Semi

6/17/2031

INR

14,200,000

291

(

2,403

)

(

2,112

)

Pay

1D

MIBOR

Semi

6.50%

Semi

9/16/2031

INR

15,000,000

(

941

)

(

1,726

)

(

2,667

)

Pay

1D

MIBOR

Semi

6.50%

Semi

9/16/2031

INR

15,000,000

(

941

)

(

1,726

)

(

2,667

)

Pay

1D

MIBOR

Semi

6.50%

Semi

6/17/2036

INR

15,000,000

969

(

6,758

)

(

5,789

)

Pay

1D

MIBOR

Semi

6.50%

Semi

6/17/2036

INR

15,000,000

969

(

6,758

)

(

5,789

)

Pay

1D

MIBOR

Semi

6.50%

Semi

9/16/2036

INR

104,900,000

(

22,479

)

(

20,404

)

(

42,883

)

Pay

1D

MIBOR

Semi

6.50%

Semi

9/16/2036

INR

104,900,000

(

22,479

)

(

20,404

)

(

42,883

)

Pay

1D

SARON

Annual

0.00%

Annual

6/21/2028

CHF

5,100,000

(

14,623

)

(

9,821

)

(

24,444

)

Pay

1D

SARON

Annual

0.00%

Annual

6/21/2028

CHF

5,200,000

(

14,899

)

(

10,124

)

(

25,023

)

Pay

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

11,600,000

(

82,254

)

15,512

(

66,742

)

Pay

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

11,800,000

(

84,911

)

17,062

(

67,849

)

Pay

1D

SHIRON

Annual

3.50%

Annual

9/17/2031

ILS

100,000

340

(

842

)

(

502

)

294

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

5,600,000

$

(

7,274

)

$

(

3,632

)

$

(

10,906

)

Pay

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

5,500,000

(

7,474

)

(

3,238

)

(

10,712

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

4,800,000

(

116,625

)

(

40,817

)

(

157,442

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

4,900,000

(

116,054

)

(

44,668

)

(

160,722

)

Pay

1D

SOFR

Annual

4.00%

Annual

6/21/2056

USD

300,000

(

5,195

)

(

1,807

)

(

7,002

)

Pay

1D

SOFR

Annual

4.00%

Annual

6/21/2056

USD

400,000

(

8,449

)

(

888

)

(

9,337

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

400,000

(

6,929

)

(

2,551

)

(

9,480

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

300,000

(

4,374

)

(

2,736

)

(

7,110

)

Pay

1D

SONIA

Annual

4.00%

Annual

6/18/2031

GBP

800,000

(

2,261

)

(

8,383

)

(

10,644

)

Pay

1D

SONIA

Annual

4.00%

Annual

6/18/2031

GBP

700,000

(

855

)

(

8,459

)

(

9,314

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

100,000

(

391

)

247

(

144

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

900,000

(

19,331

)

(

38,596

)

(

57,927

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

900,000

(

19,217

)

(

38,710

)

(

57,927

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

1,100,000

(

53,443

)

(

18,288

)

(

71,731

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

1,100,000

(

62,269

)

(

9,594

)

(

71,863

)

Pay

1D

SORA

Semi

1.50%

Semi

6/21/2028

SGD

1,500,000

(

2,802

)

(

958

)

(

3,760

)

Pay

1D

SORA

Semi

1.50%

Semi

6/21/2028

SGD

1,500,000

(

2,772

)

(

988

)

(

3,760

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

700,000

(

1,140

)

(

1,762

)

(

2,902

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

800,000

(

1,257

)

(

2,080

)

(

3,337

)

Pay

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

4,500,000

(

316

)

265

(

51

)

Pay

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

4,500,000

(

316

)

265

(

51

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/14/2028

MXN

45,500,000

(

2,814

)

(

8,567

)

(

11,381

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/14/2028

MXN

45,500,000

(

2,814

)

(

8,567

)

(

11,381

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/11/2031

MXN

8,800,000

716

(

15,084

)

(

14,368

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/11/2031

MXN

8,800,000

716

(

15,084

)

(

14,368

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

9/10/2031

MXN

2,000,000

(

160

)

(

3,533

)

(

3,693

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

9/10/2031

MXN

2,000,000

(

160

)

(

3,533

)

(

3,693

)

Pay

1D

TIIEOIS

Monthly

8.50%

Monthly

6/04/2036

MXN

5,000,000

244

(

1,300

)

(

1,056

)

Pay

1D

TIIEOIS

Monthly

8.50%

Monthly

6/04/2036

MXN

5,000,000

244

(

1,300

)

(

1,056

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

176,300,000

(

13,066

)

(

3,233

)

(

16,299

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

176,300,000

(

13,066

)

(

3,233

)

(

16,299

)

Pay

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

762,800,000

(

36,563

)

(

47,972

)

(

84,535

)

Pay

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

762,800,000

(

36,563

)

(

47,972

)

(

84,535

)

Pay

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

297,200,000

(

29,258

)

(

4,362

)

(

33,620

)

Pay

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

297,200,000

(

29,258

)

(

4,362

)

(

33,620

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

239,800,000

(

54,747

)

(

22,655

)

(

77,402

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

239,800,000

(

54,799

)

(

22,603

)

(

77,402

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

176,200,000

(

27,583

)

(

35,232

)

(

62,815

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

176,200,000

(

27,586

)

(

35,229

)

(

62,815

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

6/20/2028

CNY

8,000,000

(

262

)

32

(

230

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

6/20/2028

CNY

8,000,000

(

262

)

32

(

230

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/18/2028

CNY

10,100,000

969

(

1,636

)

(

667

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/18/2028

CNY

10,100,000

969

(

1,636

)

(

667

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

6/17/2031

CNY

2,000,000

(

1,440

)

(

138

)

(

1,578

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

6/17/2031

CNY

2,000,000

(

1,445

)

(

133

)

(

1,578

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

2,300,000

6,992

(

9,588

)

(

2,596

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

2,300,000

6,901

(

9,497

)

(

2,596

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

2,500,000

(

7,054

)

(

2,368

)

(

9,422

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

2,400,000

(

6,772

)

(

2,273

)

(

9,045

)

Pay

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2036

KRW

650,000,000

(

6,620

)

(

4,840

)

(

11,460

)

Pay

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2036

KRW

650,000,000

(

6,620

)

(

4,840

)

(

11,460

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

295

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2036

HKD

200,000

$

(

289

)

$

7

$

(

282

)

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2036

HKD

100,000

(

144

)

7

(

137

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

6/21/2028

ZAR

3,600,000

436

(

4,138

)

(

3,702

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

6/21/2028

ZAR

3,600,000

436

(

4,138

)

(

3,702

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

27,100,000

(

16,041

)

(

27,600

)

(

43,641

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

27,100,000

(

16,041

)

(

27,600

)

(

43,641

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

6/18/2031

ZAR

3,800,000

(

1,372

)

(

10,330

)

(

11,702

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

6/18/2031

ZAR

3,800,000

(

1,372

)

(

10,330

)

(

11,702

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

4,300,000

(

4,512

)

(

9,360

)

(

13,872

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

4,300,000

(

4,512

)

(

9,360

)

(

13,872

)

Pay

3M

JIBAR

Qtrly

8.50%

Qtrly

9/17/2036

ZAR

2,100,000

(

197

)

(

148

)

(

345

)

Pay

3M

JIBAR

Qtrly

8.50%

Qtrly

9/17/2036

ZAR

2,100,000

(

197

)

(

148

)

(

345

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

6/21/2028

SEK

56,700,000

(

8,547

)

(

79,094

)

(

87,641

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

6/21/2028

SEK

56,700,000

(

8,547

)

(

79,094

)

(

87,641

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2028

SEK

42,400,000

(

24,407

)

(

3,559

)

(

27,966

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

9/20/2028

SEK

26,900,000

(

18,466

)

(

26,514

)

(

44,980

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

9/20/2028

SEK

26,900,000

(

18,462

)

(

26,518

)

(

44,980

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2028

SEK

42,300,000

(

24,402

)

(

3,498

)

(

27,900

)

Pay

3M

STIBOR

Qtrly

3.00%

Annual

6/18/2036

SEK

100,000

22

(

122

)

(

100

)

Pay

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2036

TWD

10,500,000

(

373

)

(

2,315

)

(

2,688

)

Pay

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2036

TWD

10,500,000

(

373

)

(

2,315

)

(

2,688

)

Pay

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2036

TWD

1,000,000

(

439

)

86

(

353

)

Pay

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2036

TWD

1,000,000

(

439

)

86

(

353

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

6,600,000

(

17,852

)

(

12,838

)

(

30,690

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

6,600,000

(

16,783

)

(

13,844

)

(

30,627

)

Pay

6M

BUBOR

Semi

6.00%

Annual

6/21/2028

HUF

130,000,000

(

96

)

(

8,882

)

(

8,978

)

Pay

6M

BUBOR

Semi

6.00%

Annual

6/21/2028

HUF

130,000,000

(

96

)

(

8,882

)

(

8,978

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/20/2028

HUF

84,700,000

(

2,150

)

(

6,081

)

(

8,231

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/20/2028

HUF

84,700,000

(

2,150

)

(

6,081

)

(

8,231

)

Pay

6M

BUBOR

Semi

7.00%

Annual

9/20/2028

HUF

70,000,000

(

2,039

)

807

(

1,232

)

Pay

6M

BUBOR

Semi

7.00%

Annual

9/20/2028

HUF

70,000,000

(

2,039

)

807

(

1,232

)

Pay

6M

BUBOR

Semi

7.00%

Annual

6/18/2036

HUF

10,000,000

(

659

)

255

(

404

)

Pay

6M

BUBOR

Semi

7.00%

Annual

6/18/2036

HUF

10,000,000

(

659

)

255

(

404

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

3,300,000

(

16,317

)

(

20,431

)

(

36,748

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

3,300,000

(

20,730

)

(

16,178

)

(

36,908

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

10,500,000

(

439

)

(

2,421

)

(

2,860

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

10,500,000

(

439

)

(

2,422

)

(

2,861

)

Pay

6M

PRIBOR

Semi

4.50%

Annual

9/17/2036

CZK

3,500,000

(

1,032

)

(

328

)

(

1,360

)

Pay

6M

PRIBOR

Semi

4.50%

Annual

9/17/2036

CZK

3,500,000

(

1,032

)

(

328

)

(

1,360

)

Pay

6M

WIBOR

Semi

3.50%

Annual

6/21/2028

PLN

3,000,000

(

8,105

)

(

6,150

)

(

14,255

)

Pay

6M

WIBOR

Semi

3.50%

Annual

6/21/2028

PLN

2,900,000

(

7,682

)

(

6,088

)

(

13,770

)

Pay

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

500,000

(

446

)

329

(

117

)

Pay

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

500,000

(

446

)

328

(

118

)

Pay

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

1,600,000

(

3,183

)

51

(

3,132

)

Pay

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

1,600,000

(

3,131

)

(

1

)

(

3,132

)

Receive

1D

CLICP

Semi

5.00%

Semi

6/20/2028

CLP

270,000,000

287

(

415

)

(

128

)

Receive

1D

CLICP

Semi

5.00%

Semi

6/20/2028

CLP

270,000,000

287

(

415

)

(

128

)

Receive

1D

CLICP

Semi

5.50%

Semi

6/17/2036

CLP

79,000,000

(

1,209

)

(

112

)

(

1,321

)

Receive

1D

CLICP

Semi

5.50%

Semi

6/17/2036

CLP

79,000,000

(

1,209

)

(

112

)

(

1,321

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

1,200,000

(

2,098

)

(

338

)

(

2,436

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

1,200,000

(

2,425

)

(

11

)

(

2,436

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

5,100,000

10,937

(

13,585

)

(

2,648

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

5,100,000

11,241

(

13,889

)

(

2,648

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

398,700,000

1,056

(

1,082

)

(

26

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

398,700,000

1,056

(

1,082

)

(

26

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

9/16/2031

COP

35,000,000

(

72

)

48

(

24

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

9/16/2031

COP

35,000,000

(

72

)

48

(

24

)

296

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

600,000

$

(

1,338

)

$

(

3,730

)

$

(

5,068

)

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

500,000

(

1,025

)

(

3,199

)

(

4,224

)

Receive

1D

SOFR

Annual

4.00%

Annual

6/18/2036

USD

1,900,000

(

17,754

)

(

424

)

(

18,178

)

Receive

1D

SOFR

Annual

4.00%

Annual

6/18/2036

USD

1,800,000

(

16,657

)

(

564

)

(

17,221

)

Receive

1D

SONIA

Annual

4.50%

Annual

6/18/2036

GBP

2,300,000

(

29,903

)

20,877

(

9,026

)

Receive

1D

SONIA

Annual

4.50%

Annual

6/18/2036

GBP

2,300,000

(

29,903

)

20,877

(

9,026

)

Receive

1D

SORA

Semi

2.50%

Semi

6/18/2036

SGD

300,000

(

2,540

)

–

(

2,540

)

Receive

1D

SORA

Semi

2.50%

Semi

6/18/2036

SGD

400,000

(

3,387

)

–

(

3,387

)

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

6/14/2028

MXN

4,500,000

(

1,000

)

–

(

1,000

)

Receive

1D

TIIEOIS

Monthly

8.00%

Monthly

6/14/2028

MXN

4,500,000

(

1,000

)

–

(

1,000

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

6/11/2031

MXN

2,500,000

(

1,885

)

261

(

1,624

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

6/11/2031

MXN

2,500,000

(

1,885

)

261

(

1,624

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

4,194,600,000

(

49,145

)

30,415

(

18,730

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

4,194,600,000

(

49,144

)

30,415

(

18,729

)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

2,400,000

(

12,466

)

(

1,071

)

(

13,537

)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

2,300,000

(

11,692

)

(

1,814

)

(

13,506

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

1,400,000

(

309

)

(

3,057

)

(

3,366

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

1,300,000

(

672

)

(

2,454

)

(

3,126

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

1,300,000

(

390

)

(

479

)

(

869

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

1,300,000

(

415

)

(

440

)

(

855

)

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

6/21/2028

ZAR

5,200,000

(

337

)

46

(

291

)

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

6/21/2028

ZAR

5,400,000

(

350

)

48

(

302

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/21/2028

SEK

14,300,000

(

6,467

)

–

(

6,467

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

6/21/2028

SEK

14,300,000

(

6,467

)

–

(

6,467

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

400,000

(

118

)

21

(

97

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

600,000

(

177

)

14

(

163

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2031

SEK

4,500,000

(

400

)

(

842

)

(

1,242

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2031

SEK

4,500,000

(

400

)

(

842

)

(

1,242

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

1,500,000

(

440

)

103

(

337

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

1,500,000

(

440

)

103

(

337

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

1,000,000

(

228

)

66

(

162

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

1,000,000

(

228

)

66

(

162

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

200,000

(

544

)

(

715

)

(

1,259

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

200,000

(

544

)

(

715

)

(

1,259

)

Receive

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

5,100,000

(

11,135

)

(

1,932

)

(

13,067

)

Receive

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

5,200,000

(

11,354

)

(

1,793

)

(

13,147

)

Receive

6M

BUBOR

Semi

7.50%

Annual

6/21/2028

HUF

50,100,000

(

85

)

(

272

)

(

357

)

Receive

6M

BUBOR

Semi

7.50%

Annual

6/21/2028

HUF

50,100,000

(

85

)

(

272

)

(

357

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/20/2028

HUF

5,000,000

21

(

66

)

(

45

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/20/2028

HUF

5,000,000

21

(

66

)

(

45

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/17/2031

HUF

4,800,000

15

(

189

)

(

174

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/17/2031

HUF

4,800,000

15

(

189

)

(

174

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/21/2028

EUR

200,000

(

579

)

(

80

)

(

659

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/21/2028

EUR

200,000

(

579

)

(

80

)

(

659

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

13,500,000

46,708

(

91,567

)

(

44,859

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

13,400,000

46,524

(

91,050

)

(

44,526

)

Receive

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

4,000,000

(

1,228

)

333

(

895

)

Receive

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

4,000,000

(

1,228

)

333

(

895

)

Receive

6M

NIBOR

Semi

4.50%

Annual

9/17/2036

NOK

1,000,000

(

451

)

(

284

)

(

735

)

Receive

6M

NIBOR

Semi

4.50%

Annual

9/17/2036

NOK

1,000,000

(

451

)

(

284

)

(

735

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

6/21/2028

CZK

10,600,000

(

1,227

)

(

704

)

(

1,931

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

6/21/2028

CZK

10,600,000

(

1,227

)

(

704

)

(

1,931

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

2,700,000

(

46

)

(

131

)

(

177

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

2,700,000

(

46

)

(

131

)

(

177

)

Receive

6M

WIBOR

Semi

4.50%

Annual

6/21/2028

PLN

1,900,000

(

1,055

)

565

(

490

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

297

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

6M

WIBOR

Semi

4.50%

Annual

6/21/2028

PLN

2,000,000

$

(

946

)

$

445

$

(

501

)

(

1,474,523

)

(

1,195,050

)

(

2,669,573

)

$

(

1,194,272

)

$

(

91,679

)

$

(

1,285,951

)

Abbreviations:

1D:

1

Day

1W:

1

Week

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

(a)

Floating

rate

indices

at

March

31,

2026

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

2.27%

1

Day

Chile

Indice

de

Camara

Promedio

Interbank

Overnight

Index

(“CLICP”):

4.78%

1

Day

Colombia

Overnight

Interbank

Rate

(“IBR”):

9.64%

1

Day

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIEOIS”):

6.94%

1

Day

Mumbai

Interbank

Overnight

Rate

(“MIBOR”):

6.98%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

3.68%

1

Day

Shekel

Interbank

Offered

Rate

(“SHIRON”):

4.00%

1

Day

Singapore

Overnight

Rate

Average

(“SORA”):

1.00%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

3.73%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

-0.07%

1

Day

Thailand

Overnight

Repo

Rate

(“THOR”):

0.99%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.72%

1

Week

China

Fixing

Repo

Rate

(“CNREPOFIX_CFXS”):

1.49%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.31%

3

Month

Hong

Kong

Interbank

Offered

Rate

(“HIBOR”):

2.36%

3

Month

Johannesburg

Interbank

Agreed

Rate

(“JIBAR”):

6.75%

3

Month

Korean

Certificate

of

Deposit

(“CD_KSDA”):

2.82%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

2.19%

3

Month

Taiwan

Secondary

Markets

Bills

Rate

(“TWCPBA”):

1.68%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.78%

6

Month

Budapest

Interbank

Offered

Rate

(“BUBOR”):

6.62%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

2.48%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.66%

6

Month

Prague

Interbank

Offered

Rate

(“PRIBOR”):

3.62%

6

Month

Warsaw

Interbank

Offered

Rate

(“WIBOR”):

3.79%

298

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Total

return

swap

contracts

outstanding

as

of

March

31,

2026

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Swiss

Market

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

GSIN

06/19/2026

CHF

(2,407,680)

$

5,387

WIG20

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/19/2026

PLN

996,900

4,466

Consumer

Discretionary

Select

Sector

Total

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(0.29%)

Monthly

GSIN

06/17/2026

USD

(323,763)

14,131

JPAQBDCX

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(-0.55%)

Monthly

JPMC

03/31/2027

USD

(299,926)

–

Materials

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.45%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

69,206

354

MSCI

Australia

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

BBR

plus

or

minus

a

specified

spread

(-0.05%)

Monthly

JPMC

06/17/2026

AUD

(263,817)

5,219

MSCI

EMU

Consumer

Discretionary

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.50%)

Monthly

GSIN

06/17/2026

EUR

(1,560)

134

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

299

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

EMU

Consumer

Staples

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.38%)

Monthly

GSIN

06/17/2026

EUR

(20,866)

$

425

MSCI

EMU

Energy

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.33%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

20,698

3,602

MSCI

EMU

Health

Care

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.65%)

Monthly

GSIN

06/17/2026

EUR

(62,272)

289

MSCI

EMU

Real

Estate

Net

EUR

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.14%)

Monthly

GSIN

06/17/2026

EUR

(9,083)

615

MSCI

EMU

Telecommunications

Services

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.15%)

Monthly

GSIN

06/17/2026

EUR

(34,966)

596

MSCI

EMU

Utilities

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.16%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

33,522

775

300

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Europe

Large

Cap

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.12%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

93,989

$

351

MSCI

Europe

Small

Cap

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.45%)

Monthly

GSIN

06/17/2026

EUR

(225,200)

1,258

MSCI

Mexico

Net

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

TIIEOIS

plus

or

minus

a

specified

spread

(0.95%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

MXN

5,073,577

3,781

MSCI

Switzerland

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.28%)

Monthly

GSIN

06/17/2026

CHF

(148,835)

1,508

Real

Estate

Select

Sector

Total

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(0.34%)

Monthly

GSIN

06/17/2026

USD

(115,827)

2,510

Tel

Aviv

Stock

Exchange

35

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SHIRON

plus

or

minus

a

specified

spread

(0.04%)

Monthly

GSIN

06/17/2026

ILS

(838,714)

7,659

Total

unrealized

appreciation

53,060

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

301

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Amsterdam

Exchange

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/17/2026

EUR

191,568

$

(

12,058

)

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/15/2026

TWD

11,183,900

(

14,988

)

Communication

Services

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.48%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

17,436

(

892

)

Consumer

Staples

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.47%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

35,751

(

979

)

Energy

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.45%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

14,931

(

184

)

Financial

Select

Sector

Total

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

OBFR

plus

or

minus

a

specified

spread

(0.39%)

Monthly

GSIN

06/17/2026

USD

(80,182)

(

246

)

Health

Care

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.48%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

57,273

(

2,227

)

302

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Industrial

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.48%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

63,285

$

(

2,205

)

MSCI

China

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

HIBOR

plus

or

minus

a

specified

spread

(0.30%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

HKD

323,836

(

2,565

)

MSCI

EMU

Financials

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.59%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

12,310

(

382

)

MSCI

EMU

Industrials

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.01%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

18,414

(

1,454

)

MSCI

EMU

Information

Technology

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.29%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

25,588

(

2,129

)

MSCI

EMU

Materials

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.66%)

Monthly

GSIN

06/17/2026

EUR

(1,512)

(

33

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

303

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Europe

Mid

Cap

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.44%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

151,079

$

(

3,513

)

MSCI

Hong

Kong

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

HIBOR

plus

or

minus

a

specified

spread

(0.60%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

HKD

1,875,806

(

586

)

MSCI

Netherlands

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.30%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

EUR

174,630

(

12,805

)

MSCI

South

Africa

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

JIBAR

plus

or

minus

a

specified

spread

(0.60%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

ZAR

973,298

(

1,897

)

MSCI

Sweden

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

STIBOR

plus

or

minus

a

specified

spread

(-1.25%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

SEK

1,716,928

(

7,068

)

MSCI

United

Kingdom

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

SONIA

plus

or

minus

a

specified

spread

(0.45%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

GBP

107,832

(

1,782

)

304

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Technology

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.49%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

257,962

$

(

13,436

)

Utilities

Select

Sector

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.46%)

Increases

in

total

return

of

reference

entity

Monthly

GSIN

06/17/2026

USD

44,634

(

55

)

Total

unrealized

depreciation

(

81,484

)

Net

unrealized

depreciation

$

(

28,424

)

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Hang

Seng

Mini

Index

8

4/2026

HKD

$

252,563

$

(

4,378

)

Hang

Seng

Mini

Index

45

4/2026

HKD

479,601

(

9,501

)

HSCEI

3

4/2026

HKD

159,867

(

2,317

)

IBEX

35

Index

9

4/2026

EUR

176,497

(

2,103

)

KOSPI

200

Index

15

4/2026

KRW

365,694

(

46,531

)

OMXS30

Index

8

4/2026

SEK

246,761

(

6,855

)

SGX

FTSE

Taiwan

Index

21

4/2026

USD

2,169,720

(

107,686

)

CBOE

Volatility

Index

1

5/2026

USD

24,412

1,192

CBOE

Volatility

Index

1

6/2026

USD

24,263

848

Euro

STOXX

50

Index

12

6/2026

EUR

762,167

(

2,744

)

Euro-Bobl

19

6/2026

EUR

2,539,368

(

4,359

)

Euro-Bund

4

6/2026

EUR

581,208

1,037

FTSE/MIB

Index

14

6/2026

EUR

705,143

300

Long

Gilt

38

6/2026

GBP

4,442,213

(

165,670

)

MSCI

Emerging

Markets

Index

2

6/2026

USD

145,460

(

4,206

)

NASDAQ

100

Micro

E-Mini

Index

24

6/2026

USD

1,147,920

(

30,726

)

Russell

2000

Micro

E-Mini

Index

28

6/2026

USD

351,708

2,149

S&P

500

Micro

E-Mini

Index

1,773

6/2026

USD

58,249,699

(

1,003,165

)

S&P

Midcap

400

E-Mini

Index

4

6/2026

USD

1,358,600

14,935

SET50

Index

34

6/2026

THB

198,227

1,612

TOPIX

Mini

Index

28

6/2026

JPY

618,204

(

28,455

)

U.S.

Treasury

2

Year

Note

30

6/2026

USD

6,224,297

4,341

U.S.

Treasury

5

Year

Note

2

6/2026

USD

216,344

(

1,300

)

CBOE

Volatility

Index

1

7/2026

USD

24,409

790

3

Month

Euro

Euribor

20

9/2026

EUR

5,624,077

(

18,374

)

3

Month

CORRA

5

12/2026

CAD

875,386

(

948

)

3

Month

SARON

5

12/2026

CHF

1,561,640

(

1,284

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

305

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

3

Month

CORRA

9

3/2027

CAD

$

1,572,946

$

(

2,860

)

3

Month

SARON

1

3/2027

CHF

312,015

(

718

)

3

Month

SOFR

14

3/2027

USD

3,372,950

205

3

Month

SONIA

8

3/2027

GBP

2,534,297

(

5,576

)

3

Month

SARON

1

6/2027

CHF

311,843

(

686

)

90-Day

Australian

Bank

Bill

28

6/2027

AUD

19,096,350

(

7,314

)

3

Month

Euro

Euribor

1

6/2028

EUR

281,247

162

Total

of

long

contracts

(

1,430,185

)

Short

Contracts

CAC

40

10

Euro

Index

(

7

)

4/2026

EUR

(

633,117

)

10,413

CBOE

Volatility

Index

(

3

)

4/2026

USD

(

75,067

)

(

2,637

)

IFSC

NIFTY

50

Index

(

4

)

4/2026

USD

(

179,852

)

6,635

MSCI

Singapore

Index

(

3

)

4/2026

SGD

(

101,874

)

347

SGX

FTSE

China

A50

Index

(

3

)

4/2026

USD

(

43,608

)

124

Australia

10

Year

Bond

(

50

)

6/2026

AUD

(

3,722,870

)

3,956

Australia

3

Year

Bond

(

5

)

6/2026

AUD

(

357,974

)

685

Canada

10

Year

Bond

(

41

)

6/2026

CAD

(

3,534,706

)

73,281

DAX

Index

(

16

)

6/2026

EUR

(

2,111,692

)

76,536

DJIA

CBOT

Micro

E-mini

Index

(

64

)

6/2026

USD

(

1,490,624

)

10,559

Euro-BTP

(

3

)

6/2026

EUR

(

406,674

)

(

6,067

)

Euro-Buxl

(

1

)

6/2026

EUR

(

127,860

)

(

1,812

)

Euro-OAT

(

2

)

6/2026

EUR

(

275,347

)

(

1,646

)

Euro-Schatz

(

3

)

6/2026

EUR

(

366,971

)

2,478

FTSE

100

Index

(

1

)

6/2026

GBP

(

134,994

)

(

1,771

)

FTSE/JSE

Top

40

Index

(

25

)

6/2026

ZAR

(

1,579,168

)

10,411

Japan

10

Year

Bond

Mini

(

46

)

6/2026

JPY

(

3,781,330

)

29,832

MSCI

EAFE

Index

(

1

)

6/2026

USD

(

145,055

)

(

1,573

)

Nikkei

225

Index

(

3

)

6/2026

JPY

(

96,708

)

1,201

S&P/TSX

60

Index

(

3

)

6/2026

CAD

(

822,860

)

(

11,297

)

SPI

200

Index

(

28

)

6/2026

AUD

(

4,111,481

)

46,139

U.S.

Treasury

10

Year

Note

(

23

)

6/2026

USD

(

2,552,641

)

879

U.S.

Treasury

Long

Bond

(

5

)

6/2026

USD

(

567,969

)

1,585

U.S.

Treasury

Ultra

Bond

(

4

)

6/2026

USD

(

465,125

)

1,360

90-Day

Australian

Bank

Bill

(

14

)

9/2026

AUD

(

9,548,175

)

7,599

90-Day

New

Zealand

Bill

(

3

)

9/2026

NZD

(

1,711,626

)

113

3

Month

Euro

Euribor

(

4

)

12/2026

EUR

(

1,124,064

)

1,310

3

Month

SOFR

(

9

)

12/2026

USD

(

2,167,650

)

7,364

90-Day

Australian

Bank

Bill

(

46

)

12/2026

AUD

(

31,367,987

)

19,756

90-Day

New

Zealand

Bill

(

2

)

12/2026

NZD

(

1,139,996

)

391

3

Month

Euro

Euribor

(

6

)

3/2027

EUR

(

1,685,489

)

4,540

90-Day

Australian

Bank

Bill

(

21

)

3/2027

AUD

(

14,320,517

)

8,899

90-Day

New

Zealand

Bill

(

2

)

3/2027

NZD

(

1,139,049

)

165

3

Month

CORRA

(

7

)

6/2027

CAD

(

1,221,641

)

2,079

3

Month

Euro

Euribor

(

2

)

6/2027

EUR

(

561,945

)

(

844

)

3

Month

SOFR

(

6

)

6/2027

USD

(

1,445,850

)

3,499

3

Month

CORRA

(

9

)

9/2027

CAD

(

1,569,954

)

9

3

Month

Euro

Euribor

(

3

)

9/2027

EUR

(

843,352

)

(

405

)

3

Month

SOFR

(

8

)

9/2027

USD

(

1,929,000

)

5,530

3

Month

SONIA

(

2

)

9/2027

GBP

(

633,938

)

(

1,299

)

3

Month

Euro

Euribor

(

3

)

12/2027

EUR

(

843,785

)

(

531

)

3

Month

SOFR

(

12

)

12/2027

USD

(

2,896,050

)

5,735

3

Month

SONIA

(

6

)

12/2027

GBP

(

1,903,403

)

7,815

3

Month

Euro

Euribor

(

3

)

3/2028

EUR

(

843,828

)

(

180

)

3

Month

SOFR

(

12

)

3/2028

USD

(

2,897,850

)

2,989

3

Month

SONIA

(

6

)

3/2028

GBP

(

1,904,793

)

5,593

3

Month

SOFR

(

11

)

6/2028

USD

(

2,656,225

)

2,103

3

Month

SONIA

(

6

)

6/2028

GBP

(

1,905,190

)

6,352

306

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

3

Month

SOFR

(

2

)

9/2028

USD

$

(

482,800

)

$

(

110

)

3

Month

SONIA

(

2

)

9/2028

GBP

(

635,196

)

1,818

Total

of

short

contracts

339,908

Net

unrealized

depreciation

$

(

1,090,277

)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

228,999

USD

156,937

CITI

6/17/2026

$

882

AUD

229,001

USD

156,938

JPMC

6/17/2026

883

BRL

8,702,083

USD

1,626,091

CITI

**

6/17/2026

25,527

BRL

9,479,617

USD

1,771,808

JPMC

**

6/17/2026

27,383

CAD

537,500

USD

387,464

CITI

6/17/2026

217

CAD

537,500

USD

387,463

JPMC

6/17/2026

217

CHF

75,000

USD

94,514

CITI

6/17/2026

76

CHF

75,000

USD

94,514

JPMC

6/17/2026

76

CLP

49,999,999

USD

53,897

CITI

**

6/17/2026

120

CLP

50,000,001

USD

53,897

JPMC

**

6/17/2026

120

CNY

4,987,317

USD

726,308

CITI

**

6/17/2026

1,664

CNY

4,987,317

USD

726,307

JPMC

**

6/17/2026

1,665

COP

5,844,757,575

USD

1,528,585

CITI

**

6/17/2026

34,280

COP

5,844,757,577

USD

1,528,582

JPMC

**

6/17/2026

34,283

CZK

5,500,000

USD

258,880

CITI

6/17/2026

361

CZK

5,500,000

USD

258,879

JPMC

6/17/2026

362

EUR

1,122,500

USD

1,298,531

CITI

6/17/2026

3,475

EUR

1,122,500

USD

1,298,528

JPMC

6/17/2026

3,478

GBP

166,501

USD

219,864

CITI

6/17/2026

466

GBP

166,499

USD

219,861

JPMC

6/17/2026

467

HUF

135,156,700

USD

400,515

CITI

6/17/2026

3,783

HUF

138,176,634

USD

409,416

JPMC

6/17/2026

3,915

JPY

90,000,000

USD

567,723

CITI

6/17/2026

3,034

JPY

90,000,000

USD

567,722

JPMC

6/17/2026

3,035

KRW

99,998,750

USD

66,426

CITI

**

6/17/2026

196

KRW

100,001,250

USD

66,427

JPMC

**

6/17/2026

196

MXN

8,500,000

USD

466,659

CITI

6/17/2026

4,435

MXN

8,500,000

USD

466,658

JPMC

6/17/2026

4,436

NOK

2,998,128

USD

307,645

CITI

6/17/2026

1,786

NOK

2,998,126

USD

307,644

JPMC

6/17/2026

1,787

NZD

1,158,500

USD

665,862

CITI

6/17/2026

1,671

NZD

1,158,500

USD

665,861

JPMC

6/17/2026

1,672

PEN

70,216

USD

20,062

CITI

**

6/17/2026

33

PEN

70,216

USD

20,062

JPMC

**

6/17/2026

33

PLN

1,005,000

USD

268,857

CITI

6/17/2026

1,797

PLN

1,005,000

USD

268,857

JPMC

6/17/2026

1,798

THB

2,000,000

USD

60,724

CITI

6/17/2026

299

THB

2,000,000

USD

60,724

JPMC

6/17/2026

299

TWD

1,101,706

USD

34,265

CITI

**

6/17/2026

17

TWD

1,130,593

USD

35,163

JPMC

**

6/17/2026

17

USD

707,925

AUD

1,005,002

CITI

6/17/2026

15,307

USD

707,927

AUD

1,005,002

JPMC

6/17/2026

15,308

USD

1,829,968

CAD

2,493,201

CITI

6/17/2026

31,708

USD

1,829,970

CAD

2,493,199

JPMC

6/17/2026

31,712

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

307

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

4,790,929

CHF

3,689,386

CITI

6/17/2026

$

137,910

USD

4,790,942

CHF

3,689,389

JPMC

6/17/2026

137,920

USD

770,817

CLP

683,882,839

CITI

**

6/17/2026

31,992

USD

770,818

CLP

683,882,853

JPMC

**

6/17/2026

31,994

USD

946,596

CNY

6,458,436

CITI

**

6/17/2026

3,892

USD

978,994

CNY

6,680,012

JPMC

**

6/17/2026

3,949

USD

1,973,142

CZK

40,750,000

CITI

6/17/2026

52,400

USD

1,973,889

CZK

40,750,000

JPMC

6/17/2026

53,147

USD

556

DKK

3,500

CITI

6/17/2026

12

USD

556

DKK

3,500

JPMC

6/17/2026

12

USD

4,514,512

EUR

3,848,766

CITI

6/17/2026

50,265

USD

4,514,042

EUR

3,848,361

JPMC

6/17/2026

50,265

USD

3,464,089

GBP

2,581,638

CITI

6/17/2026

47,822

USD

3,464,092

GBP

2,581,635

JPMC

6/17/2026

47,829

USD

35,373

HKD

275,500

CITI

6/17/2026

97

USD

35,373

HKD

275,500

JPMC

6/17/2026

97

USD

169,645

HUF

55,184,504

CITI

6/17/2026

4,570

USD

170,195

HUF

55,455,787

JPMC

6/17/2026

4,309

USD

383,979

IDR

6,500,000,000

CITI

**

6/17/2026

1,935

USD

383,980

IDR

6,500,000,000

JPMC

**

6/17/2026

1,936

USD

2,057,914

ILS

6,368,290

CITI

6/17/2026

27,843

USD

2,057,802

ILS

6,368,290

JPMC

6/17/2026

27,731

USD

2,189,953

INR

203,124,998

CITI

**

6/17/2026

49,720

USD

2,189,957

INR

203,125,001

JPMC

**

6/17/2026

49,725

USD

1,909,478

JPY

297,553,603

CITI

6/17/2026

22,468

USD

1,908,797

JPY

297,447,896

JPMC

6/17/2026

22,458

USD

1,650,596

KRW

2,436,994,665

CITI

**

6/17/2026

27,012

USD

1,650,626

KRW

2,437,058,625

JPMC

**

6/17/2026

26,999

USD

2,524,408

MXN

44,424,491

CITI

6/17/2026

62,279

USD

2,561,523

MXN

45,072,909

JPMC

6/17/2026

63,456

USD

–

(a)

NOK

2

CITI

6/17/2026

–

USD

1,143,725

NZD

1,907,000

CITI

6/17/2026

44,902

USD

1,143,727

NZD

1,907,000

JPMC

6/17/2026

44,904

USD

24,114

PEN

83,000

CITI

**

6/17/2026

360

USD

24,114

PEN

83,000

JPMC

**

6/17/2026

360

USD

501,243

PHP

30,000,000

CITI

**

6/17/2026

8,726

USD

501,244

PHP

30,000,000

JPMC

**

6/17/2026

8,727

USD

2,833,348

PLN

10,212,184

CITI

6/17/2026

83,125

USD

2,874,773

PLN

10,373,071

JPMC

6/17/2026

81,221

USD

1,316,220

SEK

12,000,000

CITI

6/17/2026

43,689

USD

1,316,222

SEK

12,000,000

JPMC

6/17/2026

43,691

USD

4,543,196

SGD

5,713,649

CITI

6/17/2026

75,225

USD

4,543,205

SGD

5,713,649

JPMC

6/17/2026

75,234

USD

1,341,759

THB

41,950,001

CITI

6/17/2026

61,798

USD

1,341,761

THB

41,949,997

JPMC

6/17/2026

61,800

USD

295,686

TWD

9,474,119

CITI

**

6/17/2026

885

USD

297,343

TWD

9,525,881

JPMC

**

6/17/2026

931

USD

1,025,538

ZAR

17,089,183

CITI

6/17/2026

21,484

USD

1,035,907

ZAR

17,255,242

JPMC

6/17/2026

22,096

ZAR

500,000

USD

28,975

CITI

6/17/2026

402

ZAR

500,000

USD

28,975

JPMC

6/17/2026

402

Total

unrealized

appreciation

1,986,282

AUD

3,832,502

USD

2,711,375

CITI

6/17/2026

(

70,125

)

AUD

3,832,501

USD

2,711,369

JPMC

6/17/2026

(

70,118

)

BRL

156,865

USD

29,838

CITI

**

6/17/2026

(

66

)

BRL

156,865

USD

29,838

JPMC

**

6/17/2026

(

66

)

CAD

4,480,201

USD

3,289,235

CITI

6/17/2026

(

57,820

)

CAD

4,480,199

USD

3,289,227

JPMC

6/17/2026

(

57,814

)

308

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MS

FUSION

HV

FUND

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

CHF

173,501

USD

224,770

CITI

6/17/2026

$

(

5,953

)

CHF

173,504

USD

224,774

JPMC

6/17/2026

(

5,951

)

CLP

749,999,994

USD

835,393

CITI

**

6/17/2026

(

25,139

)

CLP

750,000,007

USD

835,391

JPMC

**

6/17/2026

(

25,139

)

CNY

5,908,209

USD

865,679

CITI

**

6/17/2026

(

3,289

)

CNY

6,129,787

USD

898,068

JPMC

**

6/17/2026

(

3,336

)

COP

100,000,000

USD

26,781

CITI

**

6/17/2026

(

41

)

COP

100,000,000

USD

26,781

JPMC

**

6/17/2026

(

41

)

CZK

4,500,000

USD

214,103

CITI

6/17/2026

(

1,997

)

CZK

4,500,000

USD

214,103

JPMC

6/17/2026

(

1,997

)

EUR

3,128,900

USD

3,681,115

CITI

6/17/2026

(

51,854

)

EUR

3,128,495

USD

3,680,597

JPMC

6/17/2026

(

51,804

)

GBP

2,733,001

USD

3,650,739

CITI

6/17/2026

(

34,174

)

GBP

2,732,999

USD

3,650,729

JPMC

6/17/2026

(

34,167

)

HUF

396,849,256

USD

1,225,784

CITI

6/17/2026

(

38,678

)

HUF

396,900,743

USD

1,223,237

JPMC

6/17/2026

(

35,977

)

ILS

434,500

USD

139,233

CITI

6/17/2026

(

724

)

ILS

434,500

USD

139,233

JPMC

6/17/2026

(

724

)

INR

170,711,530

USD

1,858,880

CITI

**

6/17/2026

(

60,172

)

INR

170,711,533

USD

1,858,876

JPMC

**

6/17/2026

(

60,170

)

JPY

839,115,888

USD

5,410,339

CITI

6/17/2026

(

88,879

)

JPY

839,010,181

USD

5,409,644

JPMC

6/17/2026

(

88,853

)

KRW

7,306,180,914

USD

5,068,085

CITI

**

6/17/2026

(

200,533

)

KRW

7,306,242,373

USD

5,068,111

JPMC

**

6/17/2026

(

200,513

)

MXN

18,424,491

USD

1,039,174

CITI

6/17/2026

(

18,038

)

MXN

19,072,909

USD

1,075,876

JPMC

6/17/2026

(

18,803

)

NOK

11,501,874

USD

1,199,510

CITI

6/17/2026

(

12,423

)

NOK

11,501,874

USD

1,199,508

JPMC

6/17/2026

(

12,422

)

NZD

474,000

USD

278,986

CITI

6/17/2026

(

5,864

)

NZD

474,000

USD

278,986

JPMC

6/17/2026

(

5,864

)

PEN

912,784

USD

269,797

CITI

**

6/17/2026

(

8,569

)

PEN

912,784

USD

269,796

JPMC

**

6/17/2026

(

8,569

)

PHP

38,750,000

USD

665,291

CITI

**

6/17/2026

(

29,124

)

PHP

38,750,000

USD

665,290

JPMC

**

6/17/2026

(

29,123

)

PLN

3,104,689

USD

844,212

CITI

6/17/2026

(

8,095

)

PLN

3,282,966

USD

892,514

JPMC

6/17/2026

(

8,385

)

SEK

3,500,000

USD

381,666

CITI

6/17/2026

(

10,512

)

SEK

3,500,000

USD

381,666

JPMC

6/17/2026

(

10,512

)

SGD

303,500

USD

237,990

CITI

6/17/2026

(

660

)

SGD

303,500

USD

237,989

JPMC

6/17/2026

(

659

)

THB

14,525,001

USD

457,027

CITI

6/17/2026

(

13,846

)

THB

14,524,998

USD

456,677

JPMC

6/17/2026

(

13,494

)

TWD

129,372,413

USD

4,109,833

CITI

**

6/17/2026

(

84,220

)

TWD

129,395,288

USD

4,110,537

JPMC

**

6/17/2026

(

84,214

)

USD

962,817

BRL

5,168,786

CITI

**

6/17/2026

(

18,196

)

USD

1,106,993

BRL

5,946,320

JPMC

**

6/17/2026

(

21,593

)

USD

88,551

CAD

123,000

CITI

6/17/2026

(

165

)

USD

88,551

CAD

123,000

JPMC

6/17/2026

(

164

)

USD

24,579

CHF

19,500

CITI

6/17/2026

(

14

)

USD

24,579

CHF

19,500

JPMC

6/17/2026

(

14

)

USD

390,787

CNY

2,683,352

CITI

**

6/17/2026

(

887

)

USD

390,788

CNY

2,683,354

JPMC

**

6/17/2026

(

886

)

USD

293,153

COP

1,111,422,575

CITI

**

6/17/2026

(

4,037

)

USD

292,922

COP

1,111,422,577

JPMC

**

6/17/2026

(

4,268

)

USD

117,171

CZK

2,500,000

CITI

6/17/2026

(

666

)

USD

117,171

CZK

2,500,000

JPMC

6/17/2026

(

666

)

USD

2,045,721

EUR

1,773,136

CITI

6/17/2026

(

10,968

)

USD

2,045,726

EUR

1,773,136

JPMC

6/17/2026

(

10,964

)

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

309

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

548,316

GBP

414,500

CITI

6/17/2026

$

(

190

)

USD

548,317

GBP

414,500

JPMC

6/17/2026

(

189

)

USD

269,207

HUF

91,206,648

CITI

6/17/2026

(

3,622

)

USD

277,448

HUF

94,006,785

JPMC

6/17/2026

(

3,757

)

USD

117,363

IDR

2,000,000,000

CITI

**

6/17/2026

(

189

)

USD

117,363

IDR

2,000,000,000

JPMC

**

6/17/2026

(

189

)

USD

173,931

ILS

549,000

CITI

6/17/2026

(

1,078

)

USD

173,931

ILS

549,000

JPMC

6/17/2026

(

1,078

)

USD

210,243

INR

20,000,000

CITI

**

6/17/2026

(

487

)

USD

210,244

INR

20,000,000

JPMC

**

6/17/2026

(

487

)

USD

2,463,413

JPY

390,000,000

CITI

6/17/2026

(

9,868

)

USD

2,463,418

JPY

390,000,000

JPMC

6/17/2026

(

9,863

)

USD

310,930

KRW

469,184,999

CITI

**

6/17/2026

(

1,652

)

USD

311,036

KRW

469,184,998

JPMC

**

6/17/2026

(

1,547

)

USD

55,422

MXN

1,000,000

CITI

6/17/2026

(

1

)

USD

55,422

MXN

1,000,000

JPMC

6/17/2026

(

1

)

USD

511,621

NOK

5,000,000

CITI

6/17/2026

(

4,419

)

USD

511,622

NOK

5,000,000

JPMC

6/17/2026

(

4,418

)

USD

6,139

PEN

21,500

CITI

**

6/17/2026

(

14

)

USD

6,139

PEN

21,500

JPMC

**

6/17/2026

(

14

)

USD

409,689

PHP

25,000,000

CITI

**

6/17/2026

(

741

)

USD

409,690

PHP

25,000,000

JPMC

**

6/17/2026

(

741

)

USD

60,523

PLN

225,316

CITI

6/17/2026

(

157

)

USD

65,202

PLN

242,706

JPMC

6/17/2026

(

161

)

USD

686,164

SEK

6,500,000

CITI

6/17/2026

(

3,124

)

USD

686,166

SEK

6,500,000

JPMC

6/17/2026

(

3,122

)

USD

15,545

TWD

500,000

CITI

**

6/17/2026

(

13

)

USD

15,545

TWD

500,000

JPMC

**

6/17/2026

(

13

)

USD

721,328

ZAR

12,343,900

CITI

6/17/2026

(

3,922

)

USD

721,330

ZAR

12,343,900

JPMC

6/17/2026

(

3,921

)

ZAR

17,101,683

USD

1,049,013

CITI

6/17/2026

(

44,223

)

ZAR

17,267,742

USD

1,060,115

JPMC

6/17/2026

(

45,569

)

Total

unrealized

depreciation

(

1,881,768

)

Net

unrealized

appreciation

$

104,514

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

(a)

Represents

less

than

$0.5.

310

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

105.2%

COMMON

STOCKS

-

50.1%

Australia

-

1

.4

%

AGL

Energy

Ltd.

(2)

19,177

131,283

BHP

Group

Ltd.

(2)(a)

57,453

2,078,794

Computershare

Ltd.

(2)(a)

7,186

141,726

Evolution

Mining

Ltd.

(2)

477,300

4,297,949

Harvey

Norman

Holdings

Ltd.

(2)

25,082

86,167

IGO

Ltd.

(2)*

673,523

3,760,176

JB

Hi-Fi

Ltd.

(2)

42,635

2,157,285

Northern

Star

Resources

Ltd.

(2)

251,748

3,659,609

OceanaGold

Corp.

17,719

558,662

Pro

Medicus

Ltd.

(2)

44,286

3,649,916

Qantas

Airways

Ltd.

(2)

96,464

566,654

QBE

Insurance

Group

Ltd.

(2)

183,328

2,705,327

South32

Ltd.

(2)

2,071,698

6,273,113

Technology

One

Ltd.

(2)

62,272

1,182,069

Westpac

Banking

Corp.

(2)(a)(b)

20,294

560,830

Whitehaven

Coal

Ltd.

(2)

66,857

431,391

32,240,951

Belgium

-

0

.0

%

†

Ageas

SA/NV

(2)

5,523

406,564

Brazil

-

0

.0

%

†

Wheaton

Precious

Metals

Corp.

1,181

155,022

Burkina

Faso

-

0

.0

%

†

IAMGOLD

Corp.

*

20,097

377,929

Canada

-

1

.6

%

Agnico

Eagle

Mines

Ltd.

(a)

6,302

1,279,200

Alamos

Gold,

Inc.,

Class

A

(a)(b)

62,823

2,794,994

ARC

Resources

Ltd.

96,640

2,011,162

AtkinsRealis

Group,

Inc.

7,285

468,699

Bank

of

Nova

Scotia

(The)

51,357

3,561,505

Barrick

Mining

Corp.

(a)(b)

79,764

3,259,711

Canadian

Natural

Resources

Ltd.

13,581

662,502

Celestica,

Inc.

*(a)(b)

19,139

5,398,985

Empire

Co.

Ltd.,

Class

A

10,928

391,447

Fairfax

Financial

Holdings

Ltd.

(a)

(b)

828

1,410,844

iA

Financial

Corp.,

Inc.

5,845

648,660

Imperial

Oil

Ltd.

2,771

362,953

Kinross

Gold

Corp.

75,769

2,316,480

Lundin

Gold,

Inc.

31,208

2,384,963

Magna

International,

Inc.

16,768

936,457

Manulife

Financial

Corp.

17,631

607,345

Pan

American

Silver

Corp.

19,323

1,057,063

Shopify,

Inc.,

Class

A

*(a)(b)

3,827

454,090

Suncor

Energy,

Inc.

76,852

5,083,137

TFI

International,

Inc.

1,055

114,836

Tourmaline

Oil

Corp.

12,267

587,116

WSP

Global,

Inc.

6,886

1,071,684

36,863,833

China

-

0

.1

%

Prosus

NV

(2)(a)(b)

14,030

649,527

Yangzijiang

Shipbuilding

Holdings

Ltd.

(2)

509,600

1,513,711

2,163,238

INVESTMENTS

SHARES

VALUE

($)

Denmark

-

0

.3

%

Danske

Bank

A/S

(2)

66,819

3,293,013

ISS

A/S

(2)(a)

8,435

307,235

Novo

Nordisk

A/S,

Class

B

(2)

23,373

855,323

Pandora

A/S

(2)

12,380

884,847

Vestas

Wind

Systems

A/S

(2)

6,865

207,124

Zealand

Pharma

A/S

(2)*

9,480

441,484

5,989,026

Finland

-

0

.2

%

Nordea

Bank

Abp

(2)

144,377

2,486,051

Wartsila

OYJ

Abp

(2)

69,081

2,573,129

5,059,180

France

-

1

.3

%

Air

France-KLM

(2)*

29,038

294,310

BNP

Paribas

SA

(2)

28,342

2,699,962

Carrefour

SA

(2)

49,395

914,591

Cie

de

Saint-Gobain

SA

(2)

11,169

924,731

Credit

Agricole

SA

(2)

141,283

2,636,955

Dassault

Aviation

SA

(2)

775

288,457

Eiffage

SA

(2)

588

90,180

Hermes

International

SCA

(2)(a)

1,115

2,112,202

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(2)(a)

2,736

1,495,633

Rexel

SA

(2)(a)(b)

6,810

269,853

Safran

SA

(2)(a)

7,355

2,406,772

SCOR

SE

(2)

2,507

89,601

SEB

SA

(2)

5,843

301,891

Societe

Generale

SA

(2)

120,746

8,816,500

Teleperformance

SE

(2)(a)

9,483

557,248

Thales

SA

(2)

7,153

2,097,583

TotalEnergies

SE

(2)(a)

17,396

1,596,503

Valeo

SE

(2)(a)(b)

140,836

1,724,657

29,317,629

Germany

-

1

.5

%

adidas

AG

(2)

37,278

6,033,695

Allianz

SE

(Registered)

(2)(a)

7,148

3,018,734

Bechtle

AG

(2)

15,237

525,458

Commerzbank

AG

(2)

33,112

1,207,903

Daimler

Truck

Holding

AG

(2)

1,897

93,419

Deutsche

Bank

AG

(Registered)

(2)

138,270

4,114,927

Fresenius

Medical

Care

AG

(2)

3,104

140,666

Heidelberg

Materials

AG

(2)

1,778

375,223

Mercedes-Benz

Group

AG

(2)

51,054

3,137,927

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

(Registered)

(2)

491

310,087

Nordex

SE

(2)*

17,724

960,507

Rheinmetall

AG

(2)

2,034

3,430,923

RWE

AG

(2)(a)

16,463

1,107,612

SAP

SE

(2)(a)

12,887

2,197,010

Scout24

SE

(2)(c)

1,458

112,497

Siemens

Energy

AG

(2)

42,564

7,340,143

34,106,731

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

311

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Hong

Kong

-

0

.0

%

†

Hong

Kong

Exchanges

&

Clearing

Ltd.

(2)

1,800

90,806

Techtronic

Industries

Co.

Ltd.

(2)

22,500

298,806

WH

Group

Ltd.

(2)(c)

82,500

108,441

498,053

Italy

-

0

.5

%

Banca

Monte

dei

Paschi

di

Siena

SpA

(2)

35,859

312,889

Banco

BPM

SpA

(2)

6,640

92,366

Fincantieri

SpA

(2)*

26,902

415,110

Intesa

Sanpaolo

SpA

(2)(a)(b)

306,728

1,855,056

Leonardo

SpA

(2)

29,124

1,980,999

Poste

Italiane

SpA

(2)(c)

37,296

877,901

UniCredit

SpA

(2)

43,708

3,135,777

Unipol

Assicurazioni

SpA

(2)(a)(b)

107,599

2,499,544

11,169,642

Japan

-

3

.5

%

Advantest

Corp.

(2)

16,300

2,249,509

Astellas

Pharma,

Inc.

(2)

342,500

5,583,371

BayCurrent,

Inc.

(2)

44,500

1,288,112

Canon,

Inc.

(2)(a)(b)

46,700

1,295,801

Chubu

Electric

Power

Co.,

Inc.

(2)

36,200

596,826

Concordia

Financial

Group

Ltd.

(2)

86,300

770,331

Daiichi

Life

Group,

Inc.

(2)

22,900

211,184

Daiichi

Sankyo

Co.

Ltd.

(2)

13,300

237,946

Disco

Corp.

(2)

4,500

1,834,125

ENEOS

Holdings,

Inc.

(2)

287,300

2,588,612

Fuji

Electric

Co.

Ltd.

(2)

1,700

119,089

Fujikura

Ltd.

(2)

18,000

495,037

Fukuoka

Financial

Group,

Inc.

(2)

27,900

1,068,446

Hitachi

Ltd.

(2)

22,100

648,314

Honda

Motor

Co.

Ltd.

(2)

142,200

1,150,906

Hoya

Corp.

(2)

5,100

884,138

Idemitsu

Kosan

Co.

Ltd.

(2)

28,400

278,817

Inpex

Corp.

(2)

23,300

689,202

Isetan

Mitsukoshi

Holdings

Ltd.

(2)

127,000

2,340,031

Japan

Post

Bank

Co.

Ltd.

(2)

285,100

4,650,045

Japan

Post

Holdings

Co.

Ltd.

(2)

34,900

402,971

Kobe

Steel

Ltd.

(2)

7,100

86,167

Marubeni

Corp.

(2)

3,200

117,062

Mazda

Motor

Corp.

(2)

194,300

1,328,972

MINEBEA

MITSUMI,

Inc.

(2)

6,000

99,631

Mitsubishi

UFJ

Financial

Group,

Inc.

(2)

64,900

1,099,012

Mitsui

Chemicals,

Inc.

(2)

7,300

88,184

Mizuho

Financial

Group,

Inc.

(2)

104,800

4,242,698

MS&AD

Insurance

Group

Holdings,

Inc.

(2)

24,700

644,561

Murata

Manufacturing

Co.

Ltd.

(2)

119,900

2,690,224

Nexon

Co.

Ltd.

(2)

95,800

1,804,555

Nippon

Steel

Corp.

(2)

62,000

228,628

Nippon

Yusen

KK

(2)

12,700

466,532

Nomura

Holdings,

Inc.

(2)

262,200

2,064,573

Obic

Co.

Ltd.

54,400

1,320,367

Omron

Corp.

(2)

124,900

3,593,260

Panasonic

Holdings

Corp.

(2)

227,100

3,808,776

Rakuten

Group,

Inc.

(2)*(a)(b)

355,400

1,661,335

Recruit

Holdings

Co.

Ltd.

(2)(a)

86,800

3,781,873

INVESTMENTS

SHARES

VALUE

($)

Japan

-

3.5%

(continued)

Renesas

Electronics

Corp.

(2)(a)(b)

19,800

283,085

Resona

Holdings,

Inc.

(2)

215,700

2,460,651

Seven

&

i

Holdings

Co.

Ltd.

(2)(a)

93,300

1,254,852

Shimamura

Co.

Ltd.

(2)

12,600

263,802

Shimizu

Corp.

(2)

14,800

265,529

Shionogi

&

Co.

Ltd.

(2)

21,000

464,540

Shizuoka

Financial

Group,

Inc.

(2)

53,000

880,042

Sojitz

Corp.

(2)

23,080

913,896

Sony

Financial

Group,

Inc.

(2)

577,700

529,205

Sony

Group

Corp.

(2)(a)

36,500

760,760

Square

Enix

Holdings

Co.

Ltd.

(2)

66,300

1,056,556

Subaru

Corp.

(2)

69,000

1,111,686

Sumitomo

Corp.

(2)

7,700

288,127

Sumitomo

Mitsui

Financial

Group,

Inc.

(2)

12,300

404,428

TBS

Holdings,

Inc.

(2)

2,500

90,079

Tokio

Marine

Holdings,

Inc.

(2)

26,300

1,234,548

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(2)*(a)(b)

133,300

549,275

Tokyo

Electron

Ltd.

(2)

19,400

4,819,948

Toyota

Motor

Corp.

(2)(a)

144,700

3,007,929

Toyota

Tsusho

Corp.

(2)

6,100

236,416

Trend

Micro,

Inc.

(2)

10,300

343,367

USS

Co.

Ltd.

(2)

49,700

522,785

Yokogawa

Electric

Corp.

(2)

3,300

101,982

80,352,711

Netherlands

-

0

.7

%

ABN

AMRO

Bank

NV,

CVA

(2)(c)

46,295

1,467,589

Argenx

SE

(2)*

263

190,869

ASM

International

NV

(2)

124

93,986

ASML

Holding

NV

(2)

9,945

13,224,430

ING

Groep

NV

(2)

5,135

133,288

NN

Group

NV

(2)

20,842

1,627,675

Wolters

Kluwer

NV

(2)(a)

1,771

132,273

16,870,110

Norway

-

0

.1

%

Kongsberg

Gruppen

ASA

24,212

1,032,077

Vend

Marketplaces

ASA

34,405

851,340

1,883,417

Russia

-

0

.0

%

Evraz

plc

(3)*

27,473

–

Singapore

-

0

.0

%

†

Sea

Ltd.,

ADR

*

3,836

317,659

Spain

-

0

.5

%

ACS

Actividades

de

Construccion

y

Servicios

SA

(2)

5,948

725,390

Banco

Santander

SA

(2)

403,391

4,522,304

Bankinter

SA

(2)

7,224

114,409

CaixaBank

SA

(2)

10,984

131,672

Fluidra

SA

(2)(a)(b)

5,023

116,514

Industria

de

Diseno

Textil

SA

(2)(a)

88,559

5,154,913

Repsol

SA

(2)

4,167

117,295

Unicaja

Banco

SA

(2)(c)

63,088

187,229

11,069,726

312

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Sweden

-

0

.3

%

Electrolux

AB,

Class

B

(2)*

57,783

366,781

Evolution

AB

(2)(a)(b)(c)

45,596

2,865,638

Svenska

Handelsbanken

AB,

Class

A

(2)

23,221

306,139

Swedbank

AB,

Class

A

(2)

7,430

253,241

Telefonaktiebolaget

LM

Ericsson,

Class

B

(2)

337,305

3,845,356

7,637,155

Switzerland

-

0

.2

%

ABB

Ltd.

(Registered)

(2)(a)

4,749

386,132

Helvetia

Baloise

Holding

AG

(2)(a)

(b)

1,356

350,947

Logitech

International

SA

(Registered)

(2)(a)(b)

11,394

1,058,099

Sandoz

Group

AG

(2)

1,932

151,374

TE

Connectivity

plc

454

94,895

Zurich

Insurance

Group

AG

(2)

3,641

2,573,525

4,614,972

United

Kingdom

-

1

.4

%

Aviva

plc

(2)

10,570

84,828

Barclays

plc

(2)

402,982

2,109,000

British

American

Tobacco

plc

(2)(a)

9,253

537,218

Burberry

Group

plc

(2)*

39,281

574,764

Centrica

plc

(2)

158,393

448,480

CK

Hutchison

Holdings

Ltd.

(2)

12,500

95,950

Compass

Group

plc

(2)(a)

141,126

3,937,546

Entain

plc

(2)

15,317

115,067

Hiscox

Ltd.

(2)

22,516

454,487

HSBC

Holdings

plc

(2)(a)

84,371

1,385,591

International

Consolidated

Airlines

Group

SA

(2)

98,100

465,613

Kingfisher

plc

(2)

37,209

141,481

Lloyds

Banking

Group

plc

(2)

2,898,790

3,592,863

Marks

&

Spencer

Group

plc

(2)(a)

(b)

138,345

623,344

NatWest

Group

plc

(2)

467,070

3,460,030

Persimmon

plc

(2)

46,429

662,793

Rolls-Royce

Holdings

plc

(2)(a)

285,478

4,337,103

Standard

Chartered

plc

(2)

14,883

310,160

Subsea

7

SA

(2)

4,230

131,040

TechnipFMC

plc

123,105

8,510,249

Vodafone

Group

plc

(2)

293,497

442,697

32,420,304

United

States

-

36

.5

%

3M

Co.

9,583

1,391,739

AbbVie,

Inc.

954

207,485

Abercrombie

&

Fitch

Co.,

Class

A

*

47,724

4,360,542

Acerinox

SA

(2)(a)(b)

6,478

90,570

Adobe,

Inc.

*

14,783

3,593,452

Advanced

Micro

Devices,

Inc.

*(a)

(b)

6,608

1,344,265

Aegon

Ltd.

(2)

24,940

182,392

Airbnb,

Inc.,

Class

A

*

45,297

5,720,105

Alcoa

Corp.

1,706

113,159

Align

Technology,

Inc.

*

5,134

880,122

Allison

Transmission

Holdings,

Inc.

(a)(b)

8,929

1,045,229

INVESTMENTS

SHARES

VALUE

($)

United

States

-

36.5%

(continued)

Allstate

Corp.

(The)

5,745

1,191,168

Ally

Financial,

Inc.

32,896

1,290,510

Alnylam

Pharmaceuticals,

Inc.

*(a)

(b)

4,427

1,464,761

Alphabet,

Inc.,

Class

A

(a)

49,437

14,216,104

Alphabet,

Inc.,

Class

C

(a)

50,810

14,575,356

Altria

Group,

Inc.

24,108

1,590,887

Amazon.com,

Inc.

*(a)

102,112

21,266,865

American

Express

Co.

1,121

339,080

American

International

Group,

Inc.

(a)(b)

4,921

370,305

Ameriprise

Financial,

Inc.

11,225

4,988,390

Amphenol

Corp.,

Class

A

(a)

22,148

2,798,400

Aon

plc,

Class

A

9,259

2,988,620

AP

Moller

-

Maersk

A/S,

Class

B

(2)(a)

334

834,293

APA

Corp.

25,503

1,082,347

Apple,

Inc.

(a)(b)

108,728

27,594,078

Applied

Materials,

Inc.

1,086

371,184

Arch

Capital

Group

Ltd.

*

967

92,822

Arista

Networks,

Inc.

*

32,655

4,009,381

Arrow

Electronics,

Inc.

*

1,676

240,355

ASGN,

Inc.

*

22,742

880,343

AT&T,

Inc.

(a)

58,512

1,696,263

Autodesk,

Inc.

*

3,709

887,935

Axis

Capital

Holdings

Ltd.

12,032

1,220,165

Bank

of

America

Corp.

(a)

94,712

4,617,210

Bank

of

New

York

Mellon

Corp.

(The)

19,918

2,362,872

Bath

&

Body

Works,

Inc.

100,031

1,867,579

Berkshire

Hathaway,

Inc.,

Class

B

*(a)(b)

13,329

6,387,257

Best

Buy

Co.,

Inc.

(a)(b)

29,398

1,887,352

Biogen,

Inc.

*

3,290

603,156

BioMarin

Pharmaceutical,

Inc.

*

39,053

2,206,104

Blackrock,

Inc.

3,121

3,001,497

Boeing

Co.

(The)

*(a)(b)

5,677

1,129,893

Booking

Holdings,

Inc.

(a)

2,527

10,639,479

BorgWarner,

Inc.

7,762

421,166

Boston

Beer

Co.,

Inc.

(The),

Class

A

*

1,195

275,328

Boston

Scientific

Corp.

*

12,672

795,168

BP

plc

(2)

696,401

5,450,594

Bright

Horizons

Family

Solutions,

Inc.

*

24,759

2,033,457

Bristol-Myers

Squibb

Co.

125,207

7,593,805

Broadcom,

Inc.

(a)

59,653

18,463,199

Broadridge

Financial

Solutions,

Inc.

(a)(b)

4,358

708,088

Burlington

Stores,

Inc.

*(a)(b)

5,794

1,885,252

Capital

One

Financial

Corp.

18,027

3,288,666

Cardinal

Health,

Inc.

4,950

1,045,985

CarMax,

Inc.

*

63,684

2,647,981

Carnival

Corp.

33,812

875,055

Carpenter

Technology

Corp.

2,669

1,051,986

Centene

Corp.

*

229,057

7,499,326

Charles

Schwab

Corp.

(The)

(a)(b)

11,156

1,048,441

Cheniere

Energy,

Inc.

(a)(b)

1,879

533,185

Chewy,

Inc.,

Class

A

*(a)(b)

121,789

3,288,303

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

313

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

36.5%

(continued)

Chipotle

Mexican

Grill,

Inc.,

Class

A

*

9,855

315,459

Chord

Energy

Corp.

(a)(b)

969

137,772

Chubb

Ltd.

(a)

14,652

4,775,526

Ciena

Corp.

*(a)(b)

15,863

6,158,492

Cigna

Group

(The)

(a)(b)

8,336

2,223,628

Cincinnati

Financial

Corp.

2,954

464,812

Cisco

Systems,

Inc.

(a)

11,928

925,494

Citigroup,

Inc.

55,154

6,255,015

Citizens

Financial

Group,

Inc.

27,644

1,657,811

Cloudflare,

Inc.,

Class

A

*(a)(b)

1,847

381,110

CME

Group,

Inc.

(a)

9,717

2,869,916

CNO

Financial

Group,

Inc.

2,242

92,057

Coca-Cola

Consolidated,

Inc.

5,380

1,031,561

Coeur

Mining,

Inc.

*

14,469

270,533

Comcast

Corp.,

Class

A

(a)

58,313

1,674,166

Comfort

Systems

USA,

Inc.

7,932

10,938,149

Commvault

Systems,

Inc.

*

8,194

638,231

Concentrix

Corp.

7,047

192,806

ConocoPhillips

32,067

4,232,844

Costco

Wholesale

Corp.

(a)

4,847

4,829,696

Credo

Technology

Group

Holding

Ltd.

*

2,797

262,554

CRH

plc

(a)(b)

13,692

1,439,303

Crowdstrike

Holdings,

Inc.,

Class

A

*(a)(b)

227

88,623

Crown

Holdings,

Inc.

1,057

105,964

Cummins,

Inc.

1,151

619,261

CVS

Health

Corp.

(a)

7,888

566,516

Danaher

Corp.

28,425

5,389,380

Datadog,

Inc.,

Class

A

*(a)(b)

15,128

1,785,860

Deckers

Outdoor

Corp.

*

12,915

1,292,662

Dell

Technologies,

Inc.,

Class

C

4,913

806,371

Delta

Air

Lines,

Inc.

(a)

55,653

3,699,811

Dexcom,

Inc.

*

7,071

444,059

Docusign,

Inc.,

Class

A

*

30,723

1,456,577

Dollar

General

Corp.

28,812

3,420,849

Dollar

Tree,

Inc.

*(a)(b)

838

91,769

Domino's

Pizza,

Inc.

4,227

1,516,605

DoubleVerify

Holdings,

Inc.

*

53,937

512,402

DraftKings,

Inc.,

Class

A

*(a)(b)

88,954

1,923,185

East

West

Bancorp,

Inc.

12,959

1,383,503

Edison

International

(a)

82,345

6,026,007

Elastic

NV

*

37,688

1,884,023

Elevance

Health,

Inc.

622

182,091

elf

Beauty,

Inc.

*(a)(b)

35,649

2,160,686

Eli

Lilly

&

Co.

6,087

5,598,640

EMCOR

Group,

Inc.

2,286

1,687,777

EOG

Resources,

Inc.

8,576

1,239,832

Equifax,

Inc.

(a)(b)

4,903

882,883

Evercore,

Inc.,

Class

A

(a)(b)

11,354

3,389,283

Everpure,

Inc.,

Class

A

*(a)(b)

27,079

1,598,744

Exelixis,

Inc.

*

88,125

3,779,681

ExlService

Holdings,

Inc.

*

18,139

552,333

Expand

Energy

Corp.

(a)(b)

15,664

1,719,594

Expedia

Group,

Inc.

(a)(b)

22,520

5,199,643

Exxon

Mobil

Corp.

(a)

39,267

6,662,039

Federated

Hermes,

Inc.,

Class

B

(a)(b)

1,604

90,963

FedEx

Corp.

(a)

29,245

10,416,484

INVESTMENTS

SHARES

VALUE

($)

United

States

-

36.5%

(continued)

Fidelity

National

Information

Services,

Inc.

(a)(b)

31,406

1,473,255

First

Horizon

Corp.

40,301

917,251

Fiserv,

Inc.

*(a)(b)

3,900

217,620

Five

Below,

Inc.

*

3,559

813,160

Flowserve

Corp.

(a)(b)

13,408

985,622

FMC

Corp.

179,012

3,082,587

Fortinet,

Inc.

*

28,404

2,321,175

Freeport-McMoRan,

Inc.

55,981

3,290,563

Gap,

Inc.

(The)

43,566

1,054,297

Garmin

Ltd.

(a)

5,639

1,308,304

Gates

Industrial

Corp.

plc

*

51,969

1,175,019

GE

Aerospace

32,374

9,186,770

GE

Vernova,

Inc.

8,649

7,549,712

General

Motors

Co.

(a)

122,309

9,112,021

Genpact

Ltd.

99,505

3,706,561

Gilead

Sciences,

Inc.

12,591

1,754,808

Globe

Life,

Inc.

5,985

832,932

Goodyear

Tire

&

Rubber

Co.

(The)

*(a)(b)

65,013

431,036

GSK

plc

(2)

26,456

728,743

Haemonetics

Corp.

*

77,017

4,340,678

Hasbro,

Inc.

2,365

221,364

HealthEquity,

Inc.

*

11,752

982,115

Hewlett

Packard

Enterprise

Co.

(a)

(b)

71,920

1,712,415

HF

Sinclair

Corp.

(a)(b)

23,688

1,477,894

Holcim

AG

(2)

1,393

115,148

Howmet

Aerospace,

Inc.

(a)(b)

9,208

2,122,076

HubSpot,

Inc.

*

11,915

2,908,452

Huntington

Bancshares,

Inc.

(a)(b)

61,231

958,265

Illumina,

Inc.

*(a)(b)

14,898

1,836,327

Incyte

Corp.

*(a)(b)

47,193

4,441,805

Insulet

Corp.

*

10,364

2,174,782

Intel

Corp.

*(a)(b)

72,126

3,182,920

InterContinental

Hotels

Group

plc

(2)

682

89,939

International

Business

Machines

Corp.

(a)(b)

22,510

5,456,199

Invesco

Ltd.

61,545

1,494,928

IQVIA

Holdings,

Inc.

*(a)(b)

8,225

1,402,692

ITT,

Inc.

11,942

2,275,309

Jazz

Pharmaceuticals

plc

*

4,733

894,774

JB

Hunt

Transport

Services,

Inc.

11,183

2,369,678

Jefferies

Financial

Group,

Inc.

31,989

1,320,186

Johnson

&

Johnson

(a)

37,735

9,223,943

Johnson

Controls

International

plc

19,902

2,606,167

JPMorgan

Chase

&

Co.

(a)

7,532

2,215,613

KKR

&

Co.,

Inc.

28,293

2,617,103

KLA

Corp.

(a)(b)

324

477,061

Lam

Research

Corp.

13,066

2,791,682

Las

Vegas

Sands

Corp.

33,132

1,785,152

LivaNova

plc

*(a)(b)

6,240

396,614

Lockheed

Martin

Corp.

3,562

2,152,837

Lululemon

Athletica,

Inc.

*(a)(b)

2,941

450,267

Lumentum

Holdings,

Inc.

*(a)(b)

4,119

2,894,668

Lyft,

Inc.,

Class

A

*(a)(b)

6,689

88,964

LyondellBasell

Industries

NV,

Class

A

(a)(b)

12,921

1,040,916

Manhattan

Associates,

Inc.

*(a)(b)

21,418

2,851,164

314

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

36.5%

(continued)

ManpowerGroup,

Inc.

19,944

587,550

Marathon

Petroleum

Corp.

1,596

389,711

MarketAxess

Holdings,

Inc.

8,381

1,382,697

Marsh

&

McLennan

Cos.,

Inc.

7,138

1,238,086

Mastercard,

Inc.,

Class

A

519

259,324

Mattel,

Inc.

*

76,366

1,109,598

McKesson

Corp.

(a)

2,672

2,312,242

Medpace

Holdings,

Inc.

*(a)(b)

7,634

3,665,770

Merck

&

Co.,

Inc.

62,972

7,574,902

Meta

Platforms,

Inc.,

Class

A

(a)(b)

18,749

10,726,865

MetLife,

Inc.

3,967

280,546

MGIC

Investment

Corp.

3,451

90,589

Micron

Technology,

Inc.

35,495

11,991,631

Microsoft

Corp.

(a)

118,108

43,720,037

Mohawk

Industries,

Inc.

*(a)(b)

14,985

1,475,423

Molina

Healthcare,

Inc.

*(a)(b)

23,141

3,084,695

MongoDB,

Inc.,

Class

A

*(a)(b)

12,550

3,071,864

Mosaic

Co.

(The)

5,392

137,496

MSCI,

Inc.,

Class

A

243

130,979

Mueller

Industries,

Inc.

12,755

1,413,254

Natera,

Inc.

*(a)(b)

13,502

2,700,265

Nestle

SA

(Registered)

(2)(a)

67,615

6,632,427

Netflix,

Inc.

*(a)(b)

21,100

2,028,765

Neurocrine

Biosciences,

Inc.

*

23,894

3,147,796

New

York

Times

Co.

(The),

Class

A

23,987

2,008,432

Newell

Brands,

Inc.

(a)(b)

225,569

773,702

Newmont

Corp.

(a)

46,767

5,062,528

Nexstar

Media

Group,

Inc.,

Class

A

2,201

398,007

NIKE,

Inc.,

Class

B

(a)(b)

3,695

195,170

Northern

Trust

Corp.

2,322

324,082

Northrop

Grumman

Corp.

(a)(b)

1,025

699,296

Novartis

AG

(Registered)

(2)(a)

53,085

8,148,252

NVIDIA

Corp.

(a)

266,704

46,513,177

Occidental

Petroleum

Corp.

(a)(b)

59,118

3,842,670

Old

Republic

International

Corp.

14,456

576,794

Omnicom

Group,

Inc.

(a)(b)

11,466

863,504

OneMain

Holdings,

Inc.

29,788

1,593,360

Oshkosh

Corp.

(a)(b)

3,580

527,012

Owens

Corning

3,385

366,325

PACCAR,

Inc.

905

104,528

Palantir

Technologies,

Inc.,

Class

A

*(a)(b)

34,999

5,119,654

Paylocity

Holding

Corp.

*

6,565

709,283

Pegasystems,

Inc.

12,379

526,850

PepsiCo,

Inc.

(a)

10,679

1,658,342

Pfizer,

Inc.

25,675

720,954

PG&E

Corp.

(a)

364,903

6,411,346

Philip

Morris

International,

Inc.

13,982

2,311,784

Phillips

66

1,461

266,165

Pinnacle

Financial

Partners,

Inc.

(a)(b)

12,538

1,080,023

PNC

Financial

Services

Group,

Inc.

(The)

26,392

5,491,911

Popular,

Inc.

1,585

212,659

Principal

Financial

Group,

Inc.

(a)

(b)

8,752

788,643

Procore

Technologies,

Inc.

*(a)(b)

29,383

1,674,831

Progressive

Corp.

(The)

(a)

3,891

771,352

Prologis,

Inc.,

REIT

(a)(b)

682

90,147

Prosperity

Bancshares,

Inc.

(a)(b)

15,498

1,041,156

INVESTMENTS

SHARES

VALUE

($)

United

States

-

36.5%

(continued)

QUALCOMM,

Inc.

20,054

2,582,554

Ralph

Lauren

Corp.,

Class

A

5,150

1,771,549

Regeneron

Pharmaceuticals,

Inc.

7,264

5,612,457

Reinsurance

Group

of

America,

Inc.

5,802

1,184,536

ROBLOX

Corp.,

Class

A

*(a)(b)

59,974

3,392,129

Roche

Holding

AG

(2)(a)

6,969

2,781,264

Roku,

Inc.,

Class

A

*

12,359

1,169,409

Roper

Technologies,

Inc.

1,464

518,051

Royal

Caribbean

Cruises

Ltd.

(a)(b)

1,493

410,844

S&P

Global,

Inc.

(a)(b)

11,585

4,927,564

Salesforce,

Inc.

(a)

38,297

7,148,901

Sandisk

Corp.

*

4,075

2,589,011

Sanofi

SA

(2)

65,786

6,352,943

Sarepta

Therapeutics,

Inc.

*(a)(b)

38,676

841,590

Science

Applications

International

Corp.

10,213

969,418

Seagate

Technology

Holdings

plc

(a)(b)

11,668

4,571,056

Selective

Insurance

Group,

Inc.

31,755

2,394,009

SentinelOne,

Inc.,

Class

A

*

147,389

1,898,370

ServiceNow,

Inc.

*(a)(b)

16,743

1,750,481

Shell

plc

(2)(a)

38,486

1,782,481

SiteOne

Landscape

Supply,

Inc.

*

2,262

301,095

Skyworks

Solutions,

Inc.

(a)(b)

6,760

361,998

Smurfit

Westrock

plc

(a)(b)

64,188

2,557,892

Snowflake,

Inc.,

Class

A

*(a)(b)

33,249

5,014,614

Sprouts

Farmers

Market,

Inc.

*(a)

(b)

1,874

144,542

SS&C

Technologies

Holdings,

Inc.

(a)

1,732

117,031

State

Street

Corp.

2,835

358,798

Stifel

Financial

Corp.

76,653

5,666,190

Swiss

Re

AG

(2)

7,803

1,310,726

Synchrony

Financial

12,521

851,678

Take-Two

Interactive

Software,

Inc.

*(a)(b)

8,293

1,637,868

Tapestry,

Inc.

15,223

2,148,118

Target

Corp.

(a)

2,582

312,938

Tenet

Healthcare

Corp.

*

15,742

2,970,673

Teradyne,

Inc.

9,712

2,879,220

Tesla,

Inc.

*(a)(b)

21,802

8,104,894

Texas

Capital

Bancshares,

Inc.

*

3,285

311,681

Texas

Roadhouse,

Inc.,

Class

A

7,113

1,174,641

TJX

Cos.,

Inc.

(The)

(a)

13,476

2,152,117

T-Mobile

US,

Inc.

(a)

7,405

1,555,272

Toll

Brothers,

Inc.

19,481

2,658,572

Toro

Co.

(The)

4,454

416,182

Trane

Technologies

plc

(a)(b)

212

88,349

Travelers

Cos.,

Inc.

(The)

9,217

2,688,415

Trex

Co.,

Inc.

*(a)(b)

26,941

981,191

Trimble,

Inc.

*(a)(b)

4,040

263,529

Truist

Financial

Corp.

(a)(b)

5,366

246,675

Uber

Technologies,

Inc.

*(a)(b)

59,985

4,314,721

Union

Pacific

Corp.

1,581

383,582

United

Airlines

Holdings,

Inc.

*

23,064

2,123,502

United

Parcel

Service,

Inc.,

Class

B

(a)(b)

34,680

3,411,818

United

Therapeutics

Corp.

*

1,492

884,726

UnitedHealth

Group,

Inc.

(a)(b)

14,453

3,910,837

Unum

Group

7,822

571,241

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

315

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

36.5%

(continued)

US

Bancorp

9,228

479,948

US

Foods

Holding

Corp.

*(a)(b)

11,188

1,031,645

Valero

Energy

Corp.

3,631

897,147

Veeva

Systems,

Inc.,

Class

A

*

483

84,844

VeriSign,

Inc.

9,070

2,252,625

Verizon

Communications,

Inc.

(a)

1,958

98,292

Versant

Media

Group,

Inc.

*

64,783

2,398,267

Vertiv

Holdings

Co.,

Class

A

18,095

4,534,245

Viking

Holdings

Ltd.

*(a)

24,640

1,810,547

Visa,

Inc.,

Class

A

(a)

10,345

3,126,673

Walmart,

Inc.

(a)

67,533

8,393,001

Walt

Disney

Co.

(The)

(a)

7,632

735,572

Weatherford

International

plc

(a)(b)

4,685

443,107

Wells

Fargo

&

Co.

36,867

2,934,982

WESCO

International,

Inc.

(a)(b)

673

184,146

West

Pharmaceutical

Services,

Inc.

3,325

833,378

Western

Digital

Corp.

(a)(b)

22,052

5,964,845

Westinghouse

Air

Brake

Technologies

Corp.

1,676

418,849

WEX,

Inc.

*

2,716

415,657

Woodward,

Inc.

683

244,459

Workday,

Inc.,

Class

A

*(a)(b)

671

87,176

Zoom

Communications,

Inc.,

Class

A

*

17,392

1,398,143

ZoomInfo

Technologies,

Inc.,

Class

A

*(a)(b)

104,799

626,698

Zscaler,

Inc.

*(a)(b)

5,093

714,497

839,435,761

TOTAL

COMMON

STOCKS

(Cost

$918,644,573)

1,152,949,613

PREFERRED

STOCKS

-

0.0%

†

Germany

-

0

.0

%

†

Volkswagen

AG

(Preference)

(2)

(Cost

$316,199)

3,612

369,481

PRINCIPAL

AMOUNT

FOREIGN

GOVERNMENT

SECURITIES

-

10

.3

%

French

Republic

0.70%,

7/25/2030

(2)(d)(e)

EUR

23,142,490

27,063,283

0.10%,

7/25/2031

(2)(d)(e)

17,210,319

19,279,678

0.60%,

7/25/2034

(2)(d)(e)

14,306,745

15,740,585

0.10%,

3/1/2036

(2)(d)(e)

15,771,606

15,473,658

0.10%,

7/25/2036

(2)(d)(e)

20,123,680

20,225,741

United

Kingdom

Gilt

Inflation-Linked

0.13%,

8/10/2031

(2)(d)(e)

GBP

14,395,472

18,652,153

1.25%,

11/22/2032

(2)(d)(e)

18,716,700

25,418,689

0.75%,

11/22/2033

(2)(d)(e)

13,537,948

17,519,498

0.75%,

3/22/2034

(2)(d)(e)

17,500,000

22,396,689

1.13%,

9/22/2035

(2)(d)(e)

11,228,760

14,541,100

0.13%,

11/22/2036

(2)(d)(e)

15,004,416

17,188,696

1.13%,

11/22/2037

(2)(d)(e)

18,085,230

22,735,942

Cost:

$236,065,299

$–

TOTAL

FOREIGN

GOVERNMENT

SECURITIES

(Cost

$236,065,299)

236,235,712

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

21

.9

%

U.S.

Treasury

Inflation-Linked

Notes

2.13%,

4/15/2029

(2)(d)

$

210,310

215,891

1.63%,

10/15/2029

(2)(d)

206,736

209,982

1.63%,

4/15/2030

(2)(d)

42,811,325

43,237,090

0.13%,

7/15/2030

(2)(d)

126,858

120,744

1.13%,

10/15/2030

(2)(d)

43,941,224

43,546,834

0.13%,

1/15/2031

(2)(d)

124,945

117,460

0.13%,

7/15/2031

(2)(d)

45,507,375

42,514,789

0.13%,

1/15/2032

(2)(d)

47,989,606

44,161,320

0.63%,

7/15/2032

(2)(d)

43,434,272

40,977,593

1.13%,

1/15/2033

(2)(d)

44,112,760

42,484,303

1.38%,

7/15/2033

(2)(d)

40,909,908

39,987,561

1.75%,

1/15/2034

(2)(d)

44,017,376

43,829,237

1.88%,

7/15/2034

(2)(d)

46,126,475

46,350,947

2.13%,

1/15/2035

(2)(d)

48,645,736

49,465,857

1.88%,

7/15/2035

(2)(d)

51,052,176

50,801,241

1.88%,

1/15/2036

(2)(d)

16,115,778

15,921,195

Cost:

$502,907,595

$–

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$502,907,595)

503,942,044

SHARES

SHORT-TERM

INVESTMENTS

-

22.9%

INVESTMENT

COMPANIES

-

22

.0

%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(f)(g)

27,658,900

27,658,900

Limited

Purpose

Cash

Investment

Fund,

3.65%

(f)

478,140,909

478,140,909

TOTAL

INVESTMENT

COMPANIES

(Cost

$505,782,936)

505,799,809

—

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

0

.9

%

U.S.

Treasury

Bills

3.53%,

7/2/2026

(2)(h)(i)

$

10,000,000

9,907,917

3.57%,

8/6/2026

(2)(h)(i)

10,000,000

9,873,362

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$19,787,632)

19,781,279

—

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$525,570,568)

525,581,088

TOTAL

LONG

POSITIONS

(Cost

$2,183,504,234)

2,419,077,938

SHARES

SHORT

POSITIONS

-

(11.7)%

COMMON

STOCKS

-

(11.6)%

Australia

-

(

1

.0

)

%

Cochlear

Ltd.

(2)

(

6,673

)

(

785,216

)

Liontown

Ltd.

(2)

(

678,296

)

(

827,905

)

Lynas

Rare

Earths

Ltd.

(2)

(

635,689

)

(

8,631,047

)

Mineral

Resources

Ltd.

(2)

(

4,625

)

(

177,659

)

NEXTDC

Ltd.

(2)

(

136,545

)

(

1,091,674

)

PLS

Group

Ltd.

(2)

(

319,677

)

(

1,170,508

)

SGH

Ltd.

(2)

(

5,586

)

(

158,927

)

Telix

Pharmaceuticals

Ltd.

(2)

(

504,590

)

(

4,830,945

)

Treasury

Wine

Estates

Ltd.

(2)

(

1,249,269

)

(

3,224,064

)

316

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Australia

-

(1.0)%

(continued)

WiseTech

Global

Ltd.

(2)

(

97,475

)

(

2,629,931

)

(23,527,876)

Belgium

-

(

0

.1

)

%

D'ieteren

Group

(2)

(

1,929

)

(

357,160

)

Financiere

de

Tubize

SA

(2)

(

3,619

)

(

897,750

)

(1,254,910)

Canada

-

(

0

.0

)

%

†

Bombardier,

Inc.,

Class

B

(

1,763

)

(

311,792

)

Gildan

Activewear,

Inc.

(

9,617

)

(

535,568

)

(847,360)

Denmark

-

(

0

.1

)

%

Coloplast

A/S,

Class

B

(2)

(

1,807

)

(

123,091

)

Demant

A/S

(2)

(

34,090

)

(

1,033,047

)

(1,156,138)

France

-

(

0

.2

)

%

Alstom

SA

(2)

(

5,009

)

(

143,249

)

Edenred

SE

(2)

(

12,251

)

(

244,027

)

Remy

Cointreau

SA

(2)

(

36,731

)

(

1,588,348

)

Sartorius

Stedim

Biotech

(2)

(

2,172

)

(

423,024

)

SPIE

SA

(2)

(

21,123

)

(

1,057,747

)

(3,456,395)

Germany

-

(

0

.2

)

%

CTS

Eventim

AG

&

Co.

KGaA

(2)

(

14,742

)

(

863,449

)

Hensoldt

AG

(2)

(

17,933

)

(

1,591,561

)

Infineon

Technologies

AG

(2)

(

33,465

)

(

1,518,178

)

Schaeffler

AG

(2)

(

40,794

)

(

340,740

)

(4,313,928)

Italy

-

(

0

.1

)

%

Italgas

SpA

(2)

(

140,559

)

(

1,637,370

)

Technoprobe

SpA

(2)

(

89,198

)

(

1,494,832

)

(3,132,202)

Japan

-

(

1

.2

)

%

Chugai

Pharmaceutical

Co.

Ltd.

(2)

(

15,500

)

(

854,801

)

Ebara

Corp.

(2)

(

75,000

)

(

2,123,110

)

Eisai

Co.

Ltd.

(2)

(

3,400

)

(

106,443

)

Furukawa

Electric

Co.

Ltd.

(2)

(

1,600

)

(

307,168

)

Hirose

Electric

Co.

Ltd.

(2)

(

11,900

)

(

1,557,878

)

Ibiden

Co.

Ltd.

(2)

(

40,900

)

(

2,046,657

)

IHI

Corp.

(2)

(

112,700

)

(

2,325,340

)

Kawasaki

Heavy

Industries

Ltd.

(2)

(

48,500

)

(

912,146

)

Kokusai

Electric

Corp.

(2)

(

7,800

)

(

263,755

)

Lasertec

Corp.

(2)

(

9,300

)

(

2,069,934

)

M3,

Inc.

(2)

(

278,900

)

(

2,862,733

)

Mitsui

Kinzoku

Co.

Ltd.

(2)

(

5,900

)

(

1,119,141

)

MonotaRO

Co.

Ltd.

(2)

(

66,300

)

(

718,660

)

Nippon

Sanso

Holdings

Corp.

(2)

(

38,400

)

(

1,361,603

)

Nissan

Motor

Co.

Ltd.

(2)

(

198,400

)

(

430,006

)

Nitori

Holdings

Co.

Ltd.

(2)

(

7,000

)

(

111,213

)

Nomura

Research

Institute

Ltd.

(2)

(

83,000

)

(

2,271,514

)

Oriental

Land

Co.

Ltd.

(2)

(

13,800

)

(

234,873

)

Resonac

Holdings

Corp.

(2)

(

2,900

)

(

188,743

)

Ryohin

Keikaku

Co.

Ltd.

(2)

(

33,400

)

(

712,743

)

Sanrio

Co.

Ltd.

(2)

(

49,000

)

(

304,645

)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(1.2)%

(continued)

SCREEN

Holdings

Co.

Ltd.

(2)

(

52,800

)

(

3,145,644

)

Toho

Co.

Ltd.

(

9,100

)

(

95,584

)

Toyota

Industries

Corp.

(2)

(

8,422

)

(

1,089,133

)

Yamaha

Motor

Co.

Ltd.

(2)

(

46,000

)

(

332,322

)

(27,545,789)

Luxembourg

-

(

0

.0

)

%

†

CVC

Capital

Partners

plc

(2)(c)

(

54,194

)

(

707,519

)

Netherlands

-

(

0

.0

)

%

†

Adyen

NV

(2)(c)

(

1,062

)

(

1,062,903

)

Singapore

-

(

0

.0

)

%

†

STMicroelectronics

NV

(2)

(

3,281

)

(

111,648

)

South

Korea

-

(

0

.0

)

%

†

Delivery

Hero

SE

(2)(c)

(

34,267

)

(

636,720

)

Spain

-

(

0

.2

)

%

Acciona

SA

(2)

(

4,529

)

(

1,190,957

)

Cellnex

Telecom

SA

(2)(c)

(

5,101

)

(

164,021

)

Indra

Sistemas

SA

(2)

(

49,823

)

(

2,784,629

)

(4,139,607)

Sweden

-

(

0

.0

)

%

†

Hexagon

AB,

Class

B

(2)

(

84,568

)

(

823,026

)

Switzerland

-

(

0

.1

)

%

Barry

Callebaut

AG

(Registered)

(2)

(

137

)

(

240,928

)

Belimo

Holding

AG

(Registered)

(2)

(

2,815

)

(

2,286,199

)

SIG

Group

AG

(2)

(

13,776

)

(

206,507

)

Ypsomed

Holding

AG

(Registered)

(2)

(

361

)

(

126,554

)

(2,860,188)

Thailand

-

(

0

.0

)

%

†

Fabrinet

(

172

)

(

89,701

)

United

Kingdom

-

(

0

.1

)

%

B&M

European

Value

Retail

plc

(2)

(

409,202

)

(

918,883

)

JD

Sports

Fashion

plc

(2)

(

415,217

)

(

393,816

)

SSE

plc

(2)

(

7,813

)

(

270,085

)

Wise

plc,

Class

A

(2)

(

57,256

)

(

689,487

)

(2,272,271)

United

States

-

(

8

.3

)

%

AAON,

Inc.

(

2,954

)

(

244,444

)

Acadia

Healthcare

Co.,

Inc.

(

50,704

)

(

1,185,967

)

AeroVironment,

Inc.

(

12,417

)

(

2,272,932

)

Air

Products

and

Chemicals,

Inc.

(

5,379

)

(

1,562,546

)

Amentum

Holdings,

Inc.

(

24,746

)

(

645,376

)

American

Healthcare

REIT,

Inc.,

REIT

(

144,390

)

(

6,809,431

)

Americold

Realty

Trust,

Inc.,

REIT

(

163,131

)

(

1,869,481

)

Apellis

Pharmaceuticals,

Inc.

(

102,163

)

(

4,110,017

)

Appfolio,

Inc.,

Class

A

(

537

)

(

84,749

)

AppLovin

Corp.,

Class

A

(

4,005

)

(

1,593,990

)

Arrowhead

Pharmaceuticals,

Inc.

(

29,539

)

(

1,852,095

)

AST

SpaceMobile,

Inc.

(

32,110

)

(

2,660,956

)

Astera

Labs,

Inc.

(

36,424

)

(

3,992,070

)

Aurora

Innovation,

Inc.

(

640,377

)

(

2,638,353

)

Avient

Corp.

(

2,802

)

(

101,713

)

Avis

Budget

Group,

Inc.

(

66,737

)

(

9,733,590

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

317

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(8.3)%

(continued)

Axon

Enterprise,

Inc.

(

2,326

)

(

987,829

)

Bentley

Systems,

Inc.,

Class

B

(

5,218

)

(

183,256

)

BILL

Holdings,

Inc.

(

18,112

)

(

693,690

)

Bio-Rad

Laboratories,

Inc.,

Class

A

(

1,281

)

(

357,079

)

Bio-Techne

Corp.

(

13,323

)

(

696,260

)

Bloom

Energy

Corp.,

Class

A

(

4,281

)

(

580,033

)

Builders

FirstSource,

Inc.

(

13,333

)

(

1,097,706

)

Cadence

Design

Systems,

Inc.

(

3,242

)

(

900,855

)

Carvana

Co.,

Class

A

(

10,062

)

(

3,163,292

)

Cava

Group,

Inc.

(

34,387

)

(

2,781,908

)

Celanese

Corp.,

Class

A

(

32,262

)

(

2,121,872

)

Certara,

Inc.

(

290,529

)

(

1,656,015

)

CF

Industries

Holdings,

Inc.

(

3,564

)

(

462,750

)

Charles

River

Laboratories

International,

Inc.

(

2,535

)

(

437,288

)

Choice

Hotels

International,

Inc.

(

6,939

)

(

718,187

)

Clarivate

plc

(

451,101

)

(

1,141,286

)

Clearway

Energy,

Inc.,

Class

C

(

70

)

(

2,750

)

Cleveland-Cliffs,

Inc.

(

65,971

)

(

557,455

)

Coinbase

Global,

Inc.,

Class

A

(

29,722

)

(

5,189,757

)

Corcept

Therapeutics,

Inc.

(

23,492

)

(

946,963

)

Coty,

Inc.,

Class

A

(

41,800

)

(

84,018

)

Crane

NXT

Co.

(

26,101

)

(

1,059,440

)

Cytokinetics,

Inc.

(

51,968

)

(

3,425,211

)

DENTSPLY

SIRONA,

Inc.

(

23,499

)

(

272,588

)

Dick's

Sporting

Goods,

Inc.

(

7,054

)

(

1,398,738

)

Dutch

Bros,

Inc.,

Class

A

(

61,701

)

(

3,125,773

)

DXC

Technology

Co.

(

26,571

)

(

333,997

)

Dycom

Industries,

Inc.

(

6,598

)

(

2,235,534

)

EchoStar

Corp.,

Class

A

(

17,410

)

(

2,038,189

)

Elanco

Animal

Health,

Inc.

(

28,583

)

(

683,991

)

Enphase

Energy,

Inc.

(

28,270

)

(

1,068,889

)

Entegris,

Inc.

(

919

)

(

107,744

)

Erie

Indemnity

Co.,

Class

A

(

2,342

)

(

588,568

)

Etsy,

Inc.

(

5,005

)

(

250,150

)

Flagstar

Bank

NA

(

32,273

)

(

425,035

)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(

42,042

)

(

2,135,734

)

Fortune

Brands

Innovations,

Inc.

(

4,573

)

(

178,210

)

Globant

SA

(

32,608

)

(

1,503,555

)

Harley-Davidson,

Inc.

(

74,821

)

(

1,512,881

)

Hims

&

Hers

Health,

Inc.

(

157,471

)

(

3,269,098

)

Hyatt

Hotels

Corp.,

Class

A

(

11,657

)

(

1,676,160

)

IDEXX

Laboratories,

Inc.

(

154

)

(

86,531

)

Ingersoll

Rand,

Inc.

(

13,645

)

(

1,093,237

)

Insmed,

Inc.

(

3,421

)

(

559,402

)

International

Paper

Co.

(

17,503

)

(

624,857

)

Ionis

Pharmaceuticals,

Inc.

(

1,611

)

(

120,970

)

IonQ,

Inc.

(

92,080

)

(

2,654,666

)

Iridium

Communications,

Inc.

(

10,700

)

(

296,818

)

James

Hardie

Industries

plc,

ADR

(

100,272

)

(

1,899,152

)

KB

Home

(

26,633

)

(

1,378,258

)

Kilroy

Realty

Corp.,

REIT

(

37,418

)

(

1,055,562

)

Kinsale

Capital

Group,

Inc.

(

555

)

(

189,621

)

Kratos

Defense

&

Security

Solutions,

Inc.

(

22,928

)

(

1,616,653

)

Lantheus

Holdings,

Inc.

(

52,920

)

(

4,013,982

)

Liberty

Media

Corp-Liberty

Formula

One,

Class

A

(

2,464

)

(

192,389

)

LPL

Financial

Holdings,

Inc.

(

7,207

)

(

2,168,082

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(8.3)%

(continued)

Marvell

Technology,

Inc.

(

14,730

)

(

1,459,007

)

Moderna,

Inc.

(

11,500

)

(

584,200

)

MP

Materials

Corp.

(

21,159

)

(

1,021,133

)

nCino,

Inc.

(

58,320

)

(

873,634

)

Nextpower,

Inc.,

Class

A

(

10,835

)

(

1,306,159

)

Norwegian

Cruise

Line

Holdings

Ltd.

(

64,188

)

(

1,200,316

)

Novanta,

Inc.

(

898

)

(

106,063

)

NRG

Energy,

Inc.

(

4,352

)

(

636,001

)

Oklo,

Inc.

(

76,279

)

(

3,782,676

)

Olin

Corp.

(

65,090

)

(

1,935,126

)

Option

Care

Health,

Inc.

(

117,160

)

(

3,153,947

)

Organon

&

Co.

(

14,270

)

(

85,477

)

Ormat

Technologies,

Inc.

(

38,631

)

(

4,323,582

)

Park

Hotels

&

Resorts,

Inc.,

REIT

(

15,350

)

(

161,636

)

Paycom

Software,

Inc.

(

4,924

)

(

598,463

)

Penn

Entertainment,

Inc.

(

45,714

)

(

687,081

)

Performance

Food

Group

Co.

(

1,065

)

(

91,228

)

Perrigo

Co.

plc

(

20,446

)

(

219,590

)

Plug

Power,

Inc.

(

75,821

)

(

171,355

)

Pool

Corp.

(

2,367

)

(

478,915

)

QuantumScape

Corp.

(

338,466

)

(

2,159,413

)

QXO,

Inc.

(

237,733

)

(

4,616,774

)

Reddit,

Inc.,

Class

A

(

2,269

)

(

305,521

)

Regal

Rexnord

Corp.

(

5,968

)

(

1,117,568

)

Repligen

Corp.

(

1,840

)

(

216,789

)

Revolution

Medicines,

Inc.

(

25,760

)

(

2,505,160

)

Revvity,

Inc.

(

1,036

)

(

90,764

)

RH

(

19,588

)

(

2,738,794

)

Rivian

Automotive,

Inc.,

Class

A

(

135,405

)

(

2,037,845

)

Robinhood

Markets,

Inc.,

Class

A

(

33,523

)

(

2,323,144

)

Rocket

Lab

Corp.

(

17,387

)

(

1,116,593

)

Saia,

Inc.

(

1,193

)

(

419,077

)

Samsara,

Inc.,

Class

A

(

30,421

)

(

964,041

)

Sensata

Technologies

Holding

plc

(

9,924

)

(

349,523

)

Shift4

Payments,

Inc.,

Class

A

(

56,311

)

(

2,462,480

)

SoFi

Technologies,

Inc.

(

41,797

)

(

663,736

)

Somnigroup

International,

Inc.

(

5,459

)

(

403,529

)

StandardAero,

Inc.

(

28,246

)

(

729,594

)

Strategy,

Inc.,

Class

A

(

6,340

)

(

791,232

)

Summit

Therapeutics,

Inc.

(

121,549

)

(

2,304,569

)

Super

Micro

Computer,

Inc.

(

32,278

)

(

734,970

)

Talen

Energy

Corp.

(

3,561

)

(

1,136,778

)

Tempus

AI,

Inc.,

Class

A

(

30,604

)

(

1,383,913

)

Teradata

Corp.

(

83,111

)

(

2,130,135

)

Terex

Corp.

(

16,558

)

(

978,578

)

TopBuild

Corp.

(

6,335

)

(

2,225,486

)

Twilio,

Inc.,

Class

A

(

15,964

)

(

2,008,590

)

Under

Armour,

Inc.,

Class

A

(

447,449

)

(

2,644,424

)

Unity

Software,

Inc.

(

88,646

)

(

1,944,893

)

Vail

Resorts,

Inc.

(

661

)

(

84,820

)

Valvoline,

Inc.

(

7,719

)

(

259,976

)

Viking

Therapeutics,

Inc.

(

50,138

)

(

1,631,491

)

Vistra

Corp.

(

25,102

)

(

3,773,584

)

Wendy's

Co.

(The)

(

123,069

)

(

855,330

)

Whirlpool

Corp.

(

15,511

)

(

836,353

)

WillScot

Holdings

Corp.

(

148,404

)

(

2,576,293

)

Wingstop,

Inc.

(

4,068

)

(

630,418

)

318

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(8.3)%

(continued)

Wynn

Resorts

Ltd.

(

1,848

)

(

187,664

)

(188,573,055)

TOTAL

COMMON

STOCKS

(Proceeds

$(310,620,701))                                                    

(266,511,236)

PREFERRED

STOCKS

-

(0.1)%

Germany

-

(

0

.1

)

%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(c)

(

8,460

)

(

385,390

)

Sartorius

AG

(Preference)

(2)

(

7,860

)

(

1,966,703

)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(2,878,151))                                                    

(2,352,093)

NO.

OF

WARRANTS

WARRANTS

-

0.0%

Canada

-

0

.0

%

Constellation

Software,

Inc.,

expiring

3/31/2040

(3)

(Proceeds

$–)

(

97

)

–

TOTAL

SHORT

POSITIONS

(Proceeds

$(313,498,852))

(268,863,329)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

93.5%

(Cost

$1,870,005,382)

2,150,214,609

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

6.5%

‡

149,000,614

NET

ASSETS

-

100.0%

2,299,215,223

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

58,054,169

2

.5

%

Consumer

Discretionary

114,909,275

5

.0

Consumer

Staples

32,486,761

1

.4

Energy

53,207,362

2

.3

Financials

183,578,867

8

.0

Foreign

Government

Securities

236,235,712

10

.3

Health

Care

87,024,739

3

.8

Industrials

87,857,948

3

.8

Information

Technology

250,256,751

10

.9

Materials

28,368,810

1

.2

Real

Estate

(

9,805,963

)

(

0

.4

)

Utilities

(

1,482,954

)

(

0

.1

)

Investment

Companies

505,799,809

22

.0

U.S.

Treasury

Obligations

523,723,323

22

.8

Total

Investments

In

Securities

At

Value

2,150,214,609

93

.5

Other

Assets

in

Excess

of

Liabilities

‡

149,000,614

6

.5

Net

Assets

$

2,299,215,223

100

.0

%

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

319

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange,

futures

and

swap

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$282,165,415,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

(b)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$170,884,268.

(c)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$5,619,295

of

investments

in

securities

and

$(2,956,553)

of

securities

sold

short,

which

represents

0.24%

and

(0.13)%

of

net

assets

of

the

Fund,

respectively.

(d)

Inflation-protected

security.

(e)

Security

exempt

from

registration

pursuant

to

Regulation

S

under

the

Securities

Act

of

1933.

Regulation

S

applies

to

securities

offerings

that

are

made

outside

of

the

United

States

and

do

not

involve

direct

selling

efforts

in

the

United

States.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$236,235,712

of

investments

in

securities,

which

represents

10.27%

of

net

assets

of

the

Fund.

(f)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(g)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(h)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(i)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

(3)

Security

fair

valued

using

significant

unobservable

inputs

(Level

3)

in

accordance

with

procedures

approved

by

the

Board

of

Trustees.

Total

return

swap

contracts

outstanding

as

of

March

31,

2026

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

46,966,657

$

1,645,833

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

604,562

21,185

MSCI

Australia

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

BBR

Monthly

BANA

06/17/2026

AUD

(9,398,468)

186,071

MSCI

Germany

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

ESTR

plus

or

minus

a

specified

spread

(-0.35%)

Monthly

BANA

06/17/2026

EUR

(28,291,518)

1,258,208

320

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Switzerland

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.24%)

Monthly

BANA

06/17/2026

CHF

(5,294,288)

$

53,739

Total

unrealized

appreciation

3,165,036

Amsterdam

Exchange

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MSCS

04/17/2026

EUR

5,747,040

(

311,809

)

Swiss

Market

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

Monthly

MLIN

06/19/2026

CHF

(96,814,080)

(

6,381

)

MSCI

Hong

Kong

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

HIBOR

plus

or

minus

a

specified

spread

(0.60%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

HKD

145,172,257

(

725,812

)

MSCI

Italy

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.66%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

EUR

7,385,597

(

44,922

)

MSCI

Netherlands

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(0.34%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

EUR

41,905,883

(

3,073,673

)

MSCI

Spain

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.08%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

EUR

601,785

(

11,307

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

321

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Sweden

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

STIBOR

plus

or

minus

a

specified

spread

(-1.79%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

SEK

46,747,254

$

(

191,325

)

MSCI

United

Kingdom

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

SONIA

plus

or

minus

a

specified

spread

(0.48%)

Increases

in

total

return

of

reference

entity

Monthly

BANA

06/17/2026

GBP

8,561,865

(

141,395

)

Total

unrealized

depreciation

(

4,506,624

)

Net

unrealized

depreciation

$

(

1,341,588

)

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

133

4/2026

USD

$

13,828,010

$

114,845

Hang

Seng

Index

9

4/2026

HKD

1,420,669

(

20,787

)

IBEX

35

Index

56

4/2026

EUR

10,982,008

(

151,965

)

Natural

Gas

71

4/2026

USD

2,047,640

(

166,770

)

OMXS30

Index

283

4/2026

SEK

8,729,170

(

270,024

)

RBOB

Gasoline

20

4/2026

USD

2,691,276

126,502

Sugar

No.

11

368

4/2026

USD

6,396,723

678,526

WTI

Crude

Oil

60

4/2026

USD

6,082,800

(

95,380

)

Brent

Crude

Oil

304

5/2026

USD

29,235,680

(

710,634

)

Corn

137

5/2026

USD

3,135,588

91,484

KC

HRW

Wheat

37

5/2026

USD

1,175,675

(

820

)

Low

Sulphur

Gasoil

35

5/2026

USD

4,337,375

827,240

NY

Harbor

ULSD

80

5/2026

USD

12,569,424

524,703

RBOB

Gasoline

82

5/2026

USD

10,523,486

188,991

Silver

23

5/2026

USD

8,615,685

(

734,326

)

Soybean

Meal

107

5/2026

USD

3,385,480

(

17,209

)

Soybean

Oil

253

5/2026

USD

10,455,984

1,240,355

WTI

Crude

Oil

343

5/2026

USD

31,953,880

2,695,391

100

oz

Gold

85

6/2026

USD

39,768,100

(

4,055,006

)

Australia

3

Year

Bond

89

6/2026

AUD

6,371,942

(

16,427

)

Euro

STOXX

50

Index

1,539

6/2026

EUR

97,747,981

(

1,470,951

)

Euro-Bobl

977

6/2026

EUR

130,576,964

(

2,551,786

)

Euro-BTP

492

6/2026

EUR

66,694,579

(

2,529,056

)

Euro-Bund

2,475

6/2026

EUR

359,622,211

(

7,267,320

)

Euro-Buxl

64

6/2026

EUR

8,183,048

(

48,863

)

Euro-OAT

639

6/2026

EUR

87,973,235

(

3,018,181

)

Euro-Schatz

262

6/2026

EUR

32,048,785

(

103,821

)

322

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

FTSE

100

Index

258

6/2026

GBP

$

34,828,443

$

(

557,492

)

FTSE/MIB

Index

233

6/2026

EUR

58,677,927

295,943

Lean

Hogs

114

6/2026

USD

4,790,280

9,682

Live

Cattle

108

6/2026

USD

10,509,480

505,648

LME

Aluminum

Base

Metal

765

6/2026

USD

66,595,928

6,180,296

LME

Copper

Base

Metal

219

6/2026

USD

67,526,022

(

3,610,709

)

LME

Lead

Base

Metal

175

6/2026

USD

8,298,850

(

512,301

)

LME

Nickel

Base

Metal

49

6/2026

USD

5,023,281

(

163,359

)

LME

Zinc

Base

Metal

135

6/2026

USD

10,945,125

56,098

Long

Gilt

2,141

6/2026

GBP

250,283,654

(

10,877,829

)

Low

Sulphur

Gasoil

148

6/2026

USD

16,309,600

1,394,575

Russell

2000

E-Mini

Index

114

6/2026

USD

14,319,540

17,778

S&P

500

E-Mini

Index

584

6/2026

USD

191,865,900

(

4,157,061

)

S&P

Midcap

400

E-Mini

Index

43

6/2026

USD

14,604,950

122,853

Sugar

No.

11

524

6/2026

USD

9,202,278

686,134

TOPIX

Index

296

6/2026

JPY

65,352,950

(

1,152,775

)

U.S.

Treasury

10

Year

Note

4,236

6/2026

USD

470,129,812

(

7,632,812

)

U.S.

Treasury

2

Year

Note

117

6/2026

USD

24,274,758

(

107,373

)

U.S.

Treasury

5

Year

Note

1,945

6/2026

USD

210,394,297

(

3,125,549

)

U.S.

Treasury

Long

Bond

684

6/2026

USD

77,698,125

(

2,585,826

)

U.S.

Treasury

Ultra

Bond

424

6/2026

USD

49,303,250

(

1,735,393

)

Cocoa

15

7/2026

USD

505,050

14,682

Coffee

'C'

111

7/2026

USD

12,104,550

63,809

Corn

410

7/2026

USD

9,599,125

(

96,737

)

Cotton

No.

2

43

7/2026

USD

1,550,795

38,068

KC

HRW

Wheat

15

7/2026

USD

486,562

19,254

Silver

5

7/2026

USD

1,886,975

33,257

Soybean

431

7/2026

USD

25,558,300

(

468,476

)

Soybean

Meal

273

7/2026

USD

8,580,390

(

177,807

)

Wheat

37

7/2026

USD

1,159,025

42,722

Feeder

Cattle

17

8/2026

USD

3,097,613

158,933

Platinum

4

2/2027

JPY

121,710

6,973

Total

of

long

contracts

(

44,056,083

)

Short

Contracts

CAC

40

10

Euro

Index

(

309

)

4/2026

EUR

(

27,947,586

)

119,872

NY

Harbor

ULSD

(

109

)

4/2026

USD

(

18,832,976

)

(

378,049

)

Cocoa

(

39

)

5/2026

GBP

(

1,283,799

)

135,624

Coffee

'C'

(

23

)

5/2026

USD

(

2,573,269

)

29,861

Copper

(

6

)

5/2026

USD

(

842,100

)

15,805

Cotton

No.

2

(

10

)

5/2026

USD

(

350,000

)

(

24,235

)

Soybean

(

59

)

5/2026

USD

(

3,454,450

)

117,368

Wheat

(

166

)

5/2026

USD

(

5,114,875

)

(

152,509

)

Australia

10

Year

Bond

(

1,966

)

6/2026

AUD

(

146,383,268

)

(

368,243

)

Canada

10

Year

Bond

(

1,770

)

6/2026

CAD

(

152,595,859

)

2,358,075

DAX

Index

(

120

)

6/2026

EUR

(

79,188,439

)

2,718,578

Japan

10

Year

Bond

(

28

)

6/2026

JPY

(

23,013,264

)

21,575

LME

Aluminum

Base

Metal

(

279

)

6/2026

USD

(

24,287,927

)

(

923,397

)

LME

Copper

Base

Metal

(

129

)

6/2026

USD

(

39,775,602

)

2,265,164

LME

Lead

Base

Metal

(

115

)

6/2026

USD

(

5,453,530

)

189,948

LME

Nickel

Base

Metal

(

27

)

6/2026

USD

(

2,767,930

)

49,797

LME

Zinc

Base

Metal

(

110

)

6/2026

USD

(

8,918,250

)

149,403

S&P/TSX

60

Index

(

37

)

6/2026

CAD

(

10,148,602

)

(

111,108

)

SPI

200

Index

(

865

)

6/2026

AUD

(

127,015,397

)

1,089,608

Total

of

short

contracts

7,303,137

Net

unrealized

depreciation

$

(

36,752,946

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

323

(Continued)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

19,701,000

USD

13,509,589

CITI

6/17/2026

$

67,779

AUD

19,701,000

USD

13,509,562

JPMC

6/17/2026

67,806

BRL

306,851,003

USD

57,514,586

CITI

**

6/17/2026

724,397

BRL

306,851,000

USD

57,514,470

JPMC

**

6/17/2026

724,512

CAD

31,173,000

USD

22,446,076

CITI

6/17/2026

37,938

CAD

31,173,000

USD

22,446,031

JPMC

6/17/2026

37,983

CHF

3,229,500

USD

4,072,627

CITI

6/17/2026

387

CHF

3,229,500

USD

4,072,619

JPMC

6/17/2026

395

CLP

824,999,998

USD

889,649

CITI

**

6/17/2026

1,630

CLP

825,000,002

USD

889,647

JPMC

**

6/17/2026

1,632

CNY

59,736,188

USD

8,703,366

CITI

**

6/17/2026

16,006

CNY

53,116,062

USD

7,738,789

JPMC

**

6/17/2026

14,278

COP

13,931,396,948

USD

3,646,545

CITI

**

6/17/2026

78,655

COP

13,931,396,948

USD

3,646,537

JPMC

**

6/17/2026

78,662

CZK

21,500,000

USD

1,011,242

CITI

6/17/2026

2,155

CZK

21,500,000

USD

1,011,240

JPMC

6/17/2026

2,157

EUR

6,967,084

USD

8,060,544

CITI

6/17/2026

20,691

EUR

6,967,088

USD

8,060,533

JPMC

6/17/2026

20,707

HUF

2,408,252,250

USD

7,126,491

CITI

6/17/2026

77,377

HUF

2,408,252,250

USD

7,126,477

JPMC

6/17/2026

77,391

JPY

835,000,000

USD

5,261,776

CITI

6/17/2026

33,583

JPY

835,000,000

USD

5,261,765

JPMC

6/17/2026

33,593

KRW

2,300,000,000

USD

1,521,786

CITI

**

6/17/2026

10,530

KRW

2,300,000,000

USD

1,521,783

JPMC

**

6/17/2026

10,533

MXN

47,000,000

USD

2,580,773

CITI

6/17/2026

24,098

MXN

47,000,000

USD

2,580,768

JPMC

6/17/2026

24,103

NOK

38,000,000

USD

3,916,385

CITI

6/17/2026

5,525

NOK

38,000,000

USD

3,916,377

JPMC

6/17/2026

5,532

NZD

66,923,000

USD

38,373,155

CITI

6/17/2026

188,207

NZD

66,923,000

USD

38,373,079

JPMC

6/17/2026

188,284

PLN

5,741,501

USD

1,537,422

CITI

6/17/2026

8,810

PLN

5,741,500

USD

1,537,419

JPMC

6/17/2026

8,813

USD

6,390,801

AUD

8,984,000

CITI

6/17/2026

199,285

USD

6,390,814

AUD

8,984,000

JPMC

6/17/2026

199,298

USD

–

(a)

BRL

2

CITI

**

6/17/2026

–

USD

–

(a)

BRL

1

JPMC

**

6/17/2026

–

USD

103,038,587

CAD

140,122,001

CITI

6/17/2026

1,973,404

USD

103,038,792

CAD

140,121,999

JPMC

6/17/2026

1,973,610

USD

202,064,692

CHF

155,772,316

CITI

6/17/2026

5,606,134

USD

202,067,208

CHF

155,773,932

JPMC

6/17/2026

5,606,612

USD

4,793,789

CLP

4,254,051,334

CITI

**

6/17/2026

197,976

USD

4,797,609

CLP

4,254,051,344

JPMC

**

6/17/2026

201,796

USD

3,011,538

CNY

20,544,198

CITI

**

6/17/2026

12,812

USD

3,037,339

CNY

20,720,562

JPMC

**

6/17/2026

12,870

USD

9,805,626

CZK

202,818,125

CITI

6/17/2026

245,839

USD

9,877,456

CZK

204,181,875

JPMC

6/17/2026

253,389

USD

2,684,475

DKK

16,903,000

CITI

6/17/2026

58,790

USD

2,684,481

DKK

16,903,000

JPMC

6/17/2026

58,795

USD

285,876,903

EUR

242,044,113

CITI

6/17/2026

5,125,951

USD

285,909,351

EUR

242,071,362

JPMC

6/17/2026

5,126,792

USD

146,593,870

GBP

109,132,914

CITI

6/17/2026

2,178,918

USD

146,594,165

GBP

109,132,915

JPMC

6/17/2026

2,179,211

USD

320,433

HKD

2,495,500

CITI

6/17/2026

898

USD

320,434

HKD

2,495,500

JPMC

6/17/2026

899

USD

1,162,617

HUF

385,000,000

CITI

6/17/2026

10,956

324

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

1,162,619

HUF

385,000,000

JPMC

6/17/2026

$

10,958

USD

1,591,639

IDR

27,000,000,000

CITI

**

6/17/2026

4,687

USD

1,591,642

IDR

27,000,000,000

JPMC

**

6/17/2026

4,690

USD

9,538,733

ILS

29,525,500

CITI

6/17/2026

126,652

USD

9,538,752

ILS

29,525,500

JPMC

6/17/2026

126,671

USD

9,850,426

INR

915,000,000

CITI

**

6/17/2026

209,502

USD

9,850,445

INR

915,000,000

JPMC

**

6/17/2026

209,521

USD

26,537,515

JPY

4,113,324,554

CITI

6/17/2026

451,852

USD

26,569,953

JPY

4,118,323,446

JPMC

6/17/2026

452,588

USD

8,674,776

KRW

12,800,000,000

CITI

**

6/17/2026

147,109

USD

8,673,421

KRW

12,800,000,000

JPMC

**

6/17/2026

145,754

USD

26,816,852

MXN

476,374,999

CITI

6/17/2026

414,822

USD

26,816,906

MXN

476,375,002

JPMC

6/17/2026

414,875

USD

746,141

NOK

7,177,449

CITI

6/17/2026

5,370

USD

722,651

NOK

6,948,550

JPMC

6/17/2026

5,504

USD

30,009,795

NZD

49,926,500

CITI

6/17/2026

1,241,900

USD

30,009,855

NZD

49,926,500

JPMC

6/17/2026

1,241,960

USD

2,160,211

PHP

130,000,000

CITI

**

6/17/2026

25,973

USD

2,160,215

PHP

130,000,000

JPMC

**

6/17/2026

25,978

USD

18,341,917

PLN

66,203,784

CITI

6/17/2026

512,706

USD

18,761,580

PLN

67,707,497

JPMC

6/17/2026

527,407

USD

37,723,130

SEK

342,500,000

CITI

6/17/2026

1,402,965

USD

37,723,205

SEK

342,500,000

JPMC

6/17/2026

1,403,041

USD

21,191,523

SGD

26,656,000

CITI

6/17/2026

347,012

USD

21,191,565

SGD

26,656,000

JPMC

6/17/2026

347,054

USD

3,295,594

THB

102,300,000

CITI

6/17/2026

174,259

USD

3,295,600

THB

102,300,000

JPMC

6/17/2026

174,265

USD

6,770,252

ZAR

112,545,817

CITI

6/17/2026

157,759

USD

4,187,785

ZAR

69,454,183

JPMC

6/17/2026

107,089

Total

unrealized

appreciation

44,238,307

AUD

38,515,500

USD

26,974,044

CITI

6/17/2026

(

430,261

)

AUD

38,515,500

USD

26,973,990

JPMC

6/17/2026

(

430,207

)

BRL

3,168,999

USD

602,412

CITI

**

6/17/2026

(

950

)

BRL

3,169,001

USD

602,411

JPMC

**

6/17/2026

(

949

)

CAD

138,356,501

USD

101,578,044

CITI

6/17/2026

(

1,786,253

)

CAD

138,356,499

USD

101,577,839

JPMC

6/17/2026

(

1,786,051

)

CHF

158,192

USD

205,036

CITI

6/17/2026

(

5,525

)

CHF

159,808

USD

207,130

JPMC

6/17/2026

(

5,582

)

CLP

8,097,731,497

USD

9,151,021

CITI

**

6/17/2026

(

402,735

)

CLP

8,097,731,504

USD

9,151,003

JPMC

**

6/17/2026

(

402,717

)

CNY

265,848,749

USD

38,980,563

CITI

**

6/17/2026

(

176,046

)

CNY

272,577,001

USD

39,963,880

JPMC

**

6/17/2026

(

177,275

)

COP

1,450,000,000

USD

388,572

CITI

**

6/17/2026

(

847

)

COP

1,450,000,000

USD

388,571

JPMC

**

6/17/2026

(

846

)

CZK

46,318,125

USD

2,212,438

CITI

6/17/2026

(

29,243

)

CZK

47,681,875

USD

2,278,468

JPMC

6/17/2026

(

30,995

)

DKK

3,193,500

USD

498,574

CITI

6/17/2026

(

2,500

)

DKK

3,193,500

USD

498,573

JPMC

6/17/2026

(

2,499

)

EUR

91,949,291

USD

107,738,450

CITI

6/17/2026

(

1,084,952

)

EUR

91,976,537

USD

107,770,256

JPMC

6/17/2026

(

1,085,156

)

GBP

50,668,500

USD

67,680,589

CITI

6/17/2026

(

631,256

)

GBP

50,668,501

USD

67,680,455

JPMC

6/17/2026

(

631,122

)

HKD

4,500

USD

578

CITI

6/17/2026

(

1

)

HKD

4,500

USD

578

JPMC

6/17/2026

(

1

)

HUF

7,639,756,750

USD

23,552,722

CITI

6/17/2026

(

699,718

)

HUF

7,639,756,750

USD

23,564,041

JPMC

6/17/2026

(

711,037

)

IDR

3,500,000,000

USD

207,423

CITI

**

6/17/2026

(

1,707

)

IDR

3,500,000,000

USD

207,423

JPMC

**

6/17/2026

(

1,707

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

MULTI-ASSET

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

325

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

INR

3,374,923,500

USD

36,758,706

CITI

**

6/17/2026

$

(

1,198,729

)

INR

3,374,923,500

USD

36,759,243

JPMC

**

6/17/2026

(

1,199,263

)

JPY

21,871,227,867

USD

141,015,911

CITI

6/17/2026

(

2,314,117

)

JPY

21,876,226,759

USD

141,048,309

JPMC

6/17/2026

(

2,314,813

)

KRW

67,697,996,786

USD

46,929,858

CITI

**

6/17/2026

(

1,827,830

)

KRW

67,697,996,787

USD

46,929,627

JPMC

**

6/17/2026

(

1,827,597

)

MXN

1,053,056,498

USD

60,075,927

CITI

6/17/2026

(

1,712,600

)

MXN

1,053,056,502

USD

60,075,807

JPMC

6/17/2026

(

1,712,480

)

NOK

307,832,874

USD

32,193,720

CITI

6/17/2026

(

422,862

)

NOK

296,323,374

USD

30,989,549

JPMC

6/17/2026

(

406,564

)

NZD

27,211,000

USD

15,874,791

CITI

6/17/2026

(

195,679

)

NZD

27,211,000

USD

15,874,759

JPMC

6/17/2026

(

195,647

)

PHP

275,000,000

USD

4,726,417

CITI

**

6/17/2026

(

211,684

)

PHP

275,000,000

USD

4,726,407

JPMC

**

6/17/2026

(

211,674

)

PLN

23,559,343

USD

6,464,002

CITI

6/17/2026

(

119,281

)

PLN

25,063,057

USD

6,884,144

JPMC

6/17/2026

(

134,461

)

SEK

284,500,000

USD

30,957,422

CITI

6/17/2026

(

787,827

)

SEK

284,500,000

USD

30,957,360

JPMC

6/17/2026

(

787,763

)

SGD

26,500

USD

20,870

CITI

6/17/2026

(

147

)

SGD

26,500

USD

20,870

JPMC

6/17/2026

(

147

)

THB

70,500,000

USD

2,222,185

CITI

6/17/2026

(

71,119

)

THB

70,500,000

USD

2,222,181

JPMC

6/17/2026

(

71,115

)

TWD

586,332,052

USD

18,602,452

CITI

**

6/17/2026

(

357,873

)

TWD

586,332,052

USD

18,602,373

JPMC

**

6/17/2026

(

357,793

)

USD

8,572,673

BRL

45,839,948

CITI

**

6/17/2026

(

127,550

)

USD

8,572,690

BRL

45,839,948

JPMC

**

6/17/2026

(

127,532

)

USD

13,380,912

CHF

10,612,500

CITI

6/17/2026

(

3,471

)

USD

13,380,939

CHF

10,612,500

JPMC

6/17/2026

(

3,444

)

USD

4,390,976

CNY

30,156,357

CITI

**

6/17/2026

(

10,785

)

USD

4,381,041

CNY

30,088,119

JPMC

**

6/17/2026

(

10,761

)

USD

977,920

COP

3,700,000,000

CITI

**

6/17/2026

(

11,446

)

USD

977,922

COP

3,700,000,000

JPMC

**

6/17/2026

(

11,444

)

USD

234,468

CZK

5,000,000

CITI

6/17/2026

(

1,205

)

USD

234,469

CZK

5,000,000

JPMC

6/17/2026

(

1,205

)

USD

14,104,771

EUR

12,218,999

CITI

6/17/2026

(

68,248

)

USD

14,104,801

EUR

12,219,001

JPMC

6/17/2026

(

68,219

)

USD

23,859,922

GBP

18,081,000

CITI

6/17/2026

(

66,560

)

USD

23,859,970

GBP

18,081,000

JPMC

6/17/2026

(

66,513

)

USD

4,434,377

HUF

1,510,000,000

CITI

6/17/2026

(

82,526

)

USD

4,434,318

HUF

1,510,000,000

JPMC

6/17/2026

(

82,585

)

USD

1,114,736

IDR

19,000,000,000

CITI

**

6/17/2026

(

2,008

)

USD

1,114,738

IDR

19,000,000,000

JPMC

**

6/17/2026

(

2,006

)

USD

1,587,846

ILS

5,013,500

CITI

6/17/2026

(

10,347

)

USD

1,587,850

ILS

5,013,500

JPMC

6/17/2026

(

10,344

)

USD

263,129

INR

25,000,000

CITI

**

6/17/2026

(

284

)

USD

263,130

INR

25,000,000

JPMC

**

6/17/2026

(

284

)

USD

34,880,769

JPY

5,525,000,000

CITI

6/17/2026

(

157,383

)

USD

34,880,839

JPY

5,525,000,000

JPMC

6/17/2026

(

157,313

)

USD

665,061

MXN

12,000,000

CITI

6/17/2026

(

12

)

USD

665,063

MXN

12,000,000

JPMC

6/17/2026

(

11

)

USD

25,093,570

NOK

244,640,301

CITI

6/17/2026

(

155,301

)

USD

23,932,787

NOK

233,359,699

JPMC

6/17/2026

(

151,834

)

USD

655,578

PHP

40,000,000

CITI

**

6/17/2026

(

1,110

)

USD

655,579

PHP

40,000,000

JPMC

**

6/17/2026

(

1,109

)

USD

159,648

PLN

593,360

CITI

6/17/2026

(

149

)

USD

159,648

PLN

593,360

JPMC

6/17/2026

(

149

)

USD

35,245,269

SEK

334,000,000

CITI

6/17/2026

(

173,520

)

USD

35,245,339

SEK

334,000,000

JPMC

6/17/2026

(

173,449

)

326

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

MULTI-ASSET

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

136,925

THB

4,500,000

CITI

6/17/2026

$

(

377

)

USD

136,926

THB

4,500,000

JPMC

6/17/2026

(

377

)

USD

1,574,076

ZAR

27,000,000

CITI

6/17/2026

(

12,276

)

USD

1,574,079

ZAR

27,000,000

JPMC

6/17/2026

(

12,273

)

ZAR

724,336,318

USD

44,342,199

CITI

6/17/2026

(

1,784,695

)

ZAR

681,244,684

USD

41,896,840

JPMC

6/17/2026

(

1,871,134

)

Total

unrealized

depreciation

(

34,378,442

)

Net

unrealized

appreciation

$

9,859,865

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

(a)

Represents

less

than

$0.5.

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2026

327

Affiliate

Value

At

12/31/2025

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2026

Shares

Held

At

3/31/2026

Distributions

Received**

SHORT-TERM

INVESTMENTS

-

52.0%

INVESTMENT

COMPANIES

-

52.0%

Limited

Purpose

Cash

Investment

Fund,

3.65%

(1)(a)

(Cost

$860,389,192)

$609,251,471

$774,193,631

$(522,965,251)

$1,684

$(1,683)

$860,479,852

860,479,852

$6,298,197

**  

Distributions

received

include

dividend

income

and

capital

gains

distributions,

if

any,

from

the

underlying

fund.

(1)

Level

1

security.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2026.

INVESTMENTS

SHARES

VALUE

($)

SHORT-TERM

INVESTMENTS

-

95.4%

INVESTMENT

COMPANIES

-

52

.0

%

Limited

Purpose

Cash

Investment

Fund,

3.65%

(1)(a)(b)

(Cost

$860,389,192)

860,479,852

860,479,852

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

43

.4

%

U.S.

Treasury

Bills

3.79%,

4/2/2026

(c)

$

26,735,000

26,732,305

3.77%,

4/9/2026

(c)

27,015,000

26,993,325

3.75%,

4/16/2026

(c)

34,000,000

33,948,632

3.73%,

4/23/2026

(c)

63,365,000

63,224,448

3.71%,

4/30/2026

(c)

36,185,000

36,079,199

3.77%,

5/7/2026

(c)

5,773,000

5,751,972

3.76%,

5/14/2026

(c)

3,156,000

3,142,277

3.78%,

5/21/2026

(c)

16,709,000

16,624,805

3.74%,

5/28/2026

(c)

319,000

317,163

3.70%,

6/4/2026

(c)

6,672,000

6,629,136

3.65%,

6/11/2026

(c)

32,680,000

32,448,146

3.55%,

6/25/2026

(c)

13,049,000

12,938,468

3.56%,

7/2/2026

(c)

47,060,000

46,626,657

3.54%,

7/9/2026

(c)

37,245,000

36,875,711

3.55%,

7/16/2026

(c)

4,064,000

4,021,055

3.58%,

7/23/2026

(c)

23,000,000

22,740,702

3.59%,

7/30/2026

(c)

27,177,000

26,850,086

3.59%,

8/6/2026

(c)

10,850,000

10,712,597

3.56%,

8/13/2026

(c)

11,096,000

10,947,084

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

43.4%

(continued)

3.56%,

8/20/2026

(c)

$

20,000,000

19,717,923

3.59%,

8/27/2026

(c)

4,064,000

4,003,936

3.60%,

9/3/2026

(c)

28,499,000

28,058,169

3.60%,

9/10/2026

(c)

35,249,000

34,679,854

3.64%,

9/17/2026

(c)

51,164,000

50,300,937

3.70%,

9/24/2026

(c)

98,440,000

96,719,777

3.67%,

10/1/2026

(c)

61,051,000

59,936,870

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$717,071,332)

717,021,234

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$1,577,460,524)

1,577,501,086

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

95.4%

(Cost

$1,577,460,524)

1,577,501,086

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

4.6%

‡

75,853,111

NET

ASSETS

-

100.0%

1,653,354,197

SECURITY

TYPE

VALUE

%

OF

NET

ASSETS

Investment

Companies

$

860,479,852

52

.0

%

U.S.

Treasury

Obligations

717,021,234

43

.4

Total

Investments

In

Securities

At

Value

1,577,501,086

95

.4

Other

Assets

in

Excess

of

Liabilities

‡

75,853,111

4

.6

Net

Assets

$

1,653,354,197

100

.0

%

‡

Includes

appreciation

(depreciation)

on

futures

and

swap

contracts.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(b)

For

the

period

ended

March

31,

2026,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

(c)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

All

securities

are

Level

2

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(1)

Level

1

security.

328

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Total

return

swap

contracts

outstanding

as

of

March

31,

2026

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

2,076,897

$

72,780

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

100,710,989

3,529,172

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

24,676

865

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

2,196,164

76,959

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

209,746

7,350

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

6,107,310

214,016

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

32,103,479

1,124,989

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

20,020,463

701,569

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

329

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

567,548

$

19,888

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

12,967,239

454,405

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

875,998

30,697

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

12,535,409

439,273

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

2,167,376

75,950

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

4,639,088

162,566

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

3,960,498

138,786

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

17,857,200

625,762

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

44,823,958

1,570,747

330

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

2,216,728

$

77,680

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

4,314,188

151,180

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

1,719,095

60,242

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

230,309

8,071

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

3,746,640

131,292

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

180,007,322

6,307,920

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(2,555,757)

14,437

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

2,191,326

26,466

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

3,522,677

87,085

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

331

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

732,055

$

25,653

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

3,960,498

138,786

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

4,170,244

146,136

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

3,331,260

116,736

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

3,549,232

124,374

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

11,651,186

408,288

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

1,311,941

45,974

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

1,011,716

35,453

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

2,566,283

77,181

332

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

563,435

$

19,744

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

6,004,494

210,413

Bloomberg

Commodity

Index

1

Month

Forward

Decreases

in

total

return

of

reference

entity

and

pays

fee

(0.04%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

12/21/2026

USD

279,661

9,800

Total

unrealized

appreciation

17,468,685

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(4,310,075)

(

151,036

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(431,830)

(

15,132

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(1,192,673)

(

41,794

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(4,219,596)

(

147,866

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(1,764,334)

(

61,827

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(341,351)

(

11,962

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(172,732)

(

6,053

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

333

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(3,068,050)

$

(

107,512

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(2,011,094)

(

70,474

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(329,013)

(

11,529

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(851,322)

(

29,833

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(2,623,882)

(

91,948

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(1,756,809)

(

5,507

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(748,505)

(

26,230

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(2,660,896)

(

93,245

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(238,535)

(

8,359

)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(65,803)

(

2,306

)

334

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Bloomberg

Commodity

Index

1

Month

Forward

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

fee

(0.04%)

Monthly

JPMC

12/21/2026

USD

(814,308)

$

(

28,535

)

Total

unrealized

depreciation

(

911,148

)

Net

unrealized

appreciation

$

16,557,537

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

38

4/2026

USD

$

3,950,860

$

458,112

Natural

Gas

75

4/2026

EUR

3,273,645

(

333,833

)

Natural

Gas

78

4/2026

USD

2,249,520

(

179,788

)

Natural

Gas

120

4/2026

GBP

6,307,378

(

624,335

)

NY

Harbor

ULSD

34

4/2026

USD

5,874,506

181,339

RBOB

Gasoline

16

4/2026

USD

2,153,021

66,240

WTI

Crude

Oil

35

4/2026

USD

3,548,300

307,602

Brent

Crude

Oil

492

5/2026

USD

47,315,640

(

767,362

)

Coffee

'C'

120

5/2026

USD

13,425,750

510,139

Corn

1,278

5/2026

USD

29,250,225

1,233,641

Cotton

No.

2

270

5/2026

USD

9,450,000

738,389

KC

HRW

Wheat

328

5/2026

USD

10,422,200

1,145,212

Low

Sulphur

Gasoil

105

5/2026

USD

13,012,125

2,662,916

Milling

Wheat

No.

2

2,530

5/2026

EUR

29,937,526

1,383,481

Natural

Gas

554

5/2026

USD

16,653,240

(

560,657

)

RBOB

Gasoline

260

5/2026

USD

33,367,152

1,045,814

SGX

IODEX

Iron

Ore

3,172

5/2026

USD

33,458,256

(

101,664

)

Silver

135

5/2026

USD

50,570,325

(

1,598,180

)

Soybean

Meal

101

5/2026

USD

3,195,640

16,658

Soybean

Oil

833

5/2026

USD

34,426,224

3,150,218

Wheat

454

5/2026

USD

13,988,875

863,272

WTI

Crude

Oil

499

5/2026

USD

46,486,840

(

1,328,672

)

100

oz

Gold

479

6/2026

USD

224,104,940

(

15,563,502

)

Lean

Hogs

191

6/2026

USD

8,025,820

(

128,084

)

Live

Cattle

283

6/2026

USD

27,538,730

1,391,202

LME

Aluminum

Base

Metal

2,368

6/2026

USD

206,142,688

18,492,817

LME

Copper

Base

Metal

677

6/2026

USD

208,744,826

(

9,438,983

)

LME

Lead

Base

Metal

724

6/2026

USD

34,333,528

(

2,439,937

)

LME

Nickel

Base

Metal

531

6/2026

USD

54,435,964

(

1,785,890

)

LME

Zinc

Base

Metal

530

6/2026

USD

42,969,750

(

382,673

)

Low

Sulphur

Gasoil

305

6/2026

USD

33,611,000

3,171,778

Sugar

No.

11

5,379

6/2026

USD

94,463,846

7,007,066

Cocoa

48

7/2026

USD

1,616,160

29,572

Coffee

'C'

494

7/2026

USD

53,870,700

629,773

Corn

3,037

7/2026

USD

71,103,762

(

323,938

)

Cotton

No.

2

203

7/2026

USD

7,321,195

399,895

KC

HRW

Wheat

27

7/2026

USD

875,813

(

4,404

)

Silver

28

7/2026

USD

10,567,060

191,690

Soybean

1,927

7/2026

USD

114,271,100

(

1,315,381

)

Soybean

Meal

868

7/2026

USD

27,281,240

(

541,839

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

335

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

Feeder

Cattle

49

8/2026

USD

$

8,928,413

$

420,966

Milling

Wheat

No.

2

1,377

9/2026

EUR

17,149,549

169,208

ECX

Emission

565

12/2026

EUR

47,353,036

(

2,944,227

)

Phelix

De

Base

Electricity

73

12/2026

EUR

69,797,270

4,949,829

Platinum

102

2/2027

JPY

3,103,607

(

332,853

)

Total

of

long

contracts

9,920,627

Short

Contracts

Sugar

No.

11

(

155

)

4/2026

USD

(

2,694,272

)

(

185,672

)

Cocoa

(

35

)

5/2026

USD

(

1,155,000

)

12,213

Cocoa

(

72

)

5/2026

GBP

(

2,370,091

)

229,943

NY

Harbor

ULSD

(

359

)

5/2026

USD

(

56,405,290

)

(

1,383,130

)

Soybean

(

91

)

5/2026

USD

(

5,328,050

)

(

31,988

)

LME

Aluminum

Base

Metal

(

455

)

6/2026

USD

(

39,609,343

)

(

1,640,207

)

LME

Copper

Base

Metal

(

239

)

6/2026

USD

(

73,692,782

)

4,945,762

LME

Lead

Base

Metal

(

199

)

6/2026

USD

(

9,436,978

)

201,498

LME

Nickel

Base

Metal

(

258

)

6/2026

USD

(

26,449,113

)

716,546

LME

Zinc

Base

Metal

(

306

)

6/2026

USD

(

24,808,950

)

462,260

Copper

(

21

)

7/2026

USD

(

2,974,387

)

129,436

Wheat

(

738

)

7/2026

USD

(

23,117,850

)

(

581,007

)

Total

of

short

contracts

2,875,654

Net

unrealized

appreciation

$

12,796,281

336

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

211.3%

COMMON

STOCKS

-

164.0%

Australia

-

5

.1

%

AGL

Energy

Ltd.

(2)(a)

697,703

4,776,372

Ampol

Ltd.

(2)(a)

145

3,363

Anglogold

Ashanti

plc

(a)(b)

7,335

714,136

ANZ

Group

Holdings

Ltd.

(2)(a)

276,453

6,951,479

Aristocrat

Leisure

Ltd.

(2)(a)

123,797

3,934,920

Atlas

Arteria

Ltd.

(2)(a)

8,905

26,409

Aurizon

Holdings

Ltd.

(2)(a)

1,435,773

3,963,474

BHP

Group

Ltd.

(2)(a)

298,069

10,784,887

BlueScope

Steel

Ltd.

(2)(a)

319,641

5,785,702

Brambles

Ltd.

(2)(a)

271,890

4,267,117

Charter

Hall

Group,

REIT

(2)(a)

17

222

Cleanaway

Waste

Management

Ltd.

(2)(a)

140,355

222,263

Coles

Group

Ltd.

(2)(a)

7

106

Dyno

Nobel

Ltd.

(2)(a)

1,207,229

2,628,863

Evolution

Mining

Ltd.

(2)(a)

656,983

5,915,942

Fortescue

Ltd.

(2)(a)

328,741

4,697,578

Glencore

plc

(2)(a)

1

8

GPT

Group

(The),

REIT

(2)(a)

781,929

2,473,266

Harvey

Norman

Holdings

Ltd.

(2)(a)

554,919

1,906,371

IGO

Ltd.

(2)*(a)

301,890

1,685,406

JB

Hi-Fi

Ltd.

(2)(a)

122,409

6,193,763

Lendlease

Corp.

Ltd.

(2)(a)

538,824

1,240,561

Liontown

Ltd.

(2)*(a)

391,684

478,076

Medibank

Pvt

Ltd.

(2)(a)

375,239

1,135,392

OceanaGold

Corp.

(a)

17,170

541,353

Orica

Ltd.

(2)(a)

88,993

1,250,758

PLS

Group

Ltd.

(2)*(a)

20

73

Pro

Medicus

Ltd.

(2)(a)

38,239

3,151,541

QBE

Insurance

Group

Ltd.

(2)(a)

575,730

8,495,910

Qube

Holdings

Ltd.

(2)(a)

365,589

1,233,965

REA

Group

Ltd.

(2)(a)

2

219

Reece

Ltd.

(2)(a)

19,861

184,810

Santos

Ltd.

(2)(a)

302,757

1,657,154

Scentre

Group,

REIT

(2)(a)

1,153,282

2,661,000

SGH

Ltd.

(2)(a)

13,652

388,413

South32

Ltd.

(2)(a)

11

33

Suncorp

Group

Ltd.

(2)(a)

168,577

1,891,885

Tabcorp

Holdings

Ltd.

(2)(a)

363,485

240,330

Technology

One

Ltd.

(2)(a)

50,568

959,899

Telstra

Group

Ltd.

(2)(a)

834,723

3,081,471

Vicinity

Ltd.,

REIT

(2)(a)

3,145,752

5,131,951

Wesfarmers

Ltd.

(2)(a)

76,952

3,928,859

Westpac

Banking

Corp.

(2)(a)

100,664

2,781,877

Worley

Ltd.

(2)(a)

538,746

4,231,991

Yancoal

Australia

Ltd.

(2)(a)

745,813

4,301,458

115,900,626

Austria

-

0

.0

%

†

Mondi

plc

(2)(a)

22

249

Belgium

-

0

.7

%

Ageas

SA/NV

(2)(a)

95,334

7,017,819

Anheuser-Busch

InBev

SA/NV

(2)

(a)

15,480

1,071,001

KBC

Group

NV

(2)(a)

47,354

5,795,751

Liberty

Global

Ltd.,

Class

A

*(a)

146,203

1,767,594

Solvay

SA

(2)(a)

10,056

308,716

INVESTMENTS

SHARES

VALUE

($)

Belgium

-

0.7%

(continued)

Umicore

SA

(2)(a)

14,869

283,667

16,244,548

Brazil

-

0

.4

%

Embraer

SA,

ADR

(a)

5,955

353,370

Gerdau

SA,

ADR

(a)(b)

109,506

395,317

Vale

SA,

Class

B,

ADR

(a)

1,757

27,954

Wheaton

Precious

Metals

Corp.

(a)

12,100

1,588,283

Yara

International

ASA

(2)(a)

116,199

6,792,345

9,157,269

Burkina

Faso

-

0

.0

%

†

IAMGOLD

Corp.

*(a)

45,790

861,093

Canada

-

6

.2

%

Agnico

Eagle

Mines

Ltd.

(a)

35,233

7,151,709

Alamos

Gold,

Inc.,

Class

A

(a)

3,628

161,410

AltaGas

Ltd.

(a)

149,348

5,180,103

ARC

Resources

Ltd.

(a)

29,631

616,647

Aritzia,

Inc.

*(a)

245

19,993

Atco

Ltd.,

Class

I

(a)

30,872

1,511,088

Bank

of

Montreal

(a)

19,103

2,587,440

Bank

of

Nova

Scotia

(The)

(a)

128,143

8,886,461

Barrick

Mining

Corp.

(a)

78,386

3,203,396

Bombardier,

Inc.,

Class

B

*(a)

21,320

3,770,503

CAE,

Inc.

*(a)

18,088

470,956

Canadian

Imperial

Bank

of

Commerce

(a)

88,399

8,377,920

Canadian

Tire

Corp.

Ltd.,

Class

A

(a)

31,891

4,288,813

Canadian

Utilities

Ltd.,

Class

A

(a)

1

35

Capital

Power

Corp.

(a)

27,259

1,291,133

CCL

Industries,

Inc.,

Class

B

(a)

34,915

2,187,615

Celestica,

Inc.

*(a)

2,027

571,803

Cenovus

Energy,

Inc.

(a)

95,300

2,529,276

Dollarama,

Inc.

(a)

6,613

811,615

DPM

Metals,

Inc.

(a)

19,478

685,812

Emera,

Inc.

(a)

4

207

Empire

Co.

Ltd.,

Class

A

(a)

145,617

5,216,084

Equinox

Gold

Corp.

(a)

25,160

363,356

Fairfax

Financial

Holdings

Ltd.

(a)

5,780

9,848,644

Finning

International,

Inc.

(a)

77,703

4,808,191

First

Majestic

Silver

Corp.

(a)

44,669

957,537

Fortis,

Inc.

(a)

18,725

1,044,675

G

Mining

Ventures

Corp.

*(a)

2

70

George

Weston

Ltd.

(a)

49,771

3,516,278

Hudbay

Minerals,

Inc.

(a)

5

105

iA

Financial

Corp.,

Inc.

(a)

35,666

3,958,103

IGM

Financial,

Inc.

(a)

65,428

3,117,366

Intact

Financial

Corp.

(a)

3,736

676,997

Kinross

Gold

Corp.

(a)

265,109

8,105,158

Loblaw

Cos.

Ltd.

(a)

73,746

3,362,067

Lundin

Gold,

Inc.

(a)

110,443

8,440,224

Magna

International,

Inc.

(a)

120,717

6,741,790

Manulife

Financial

Corp.

(a)

270,990

9,334,943

NexGen

Energy

Ltd.

*(a)

1

12

Onex

Corp.

(a)

30,579

2,231,601

Open

Text

Corp.

(a)

87,289

1,945,194

OR

Royalties,

Inc.

(a)

2

76

Pan

American

Silver

Corp.

(a)

28,014

1,532,503

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

337

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Canada

-

6.2%

(continued)

Quebecor,

Inc.,

Class

B

(a)

16,390

695,965

Saputo,

Inc.

(a)

50,615

1,581,287

Sun

Life

Financial,

Inc.

(a)

52,748

3,304,571

Suncor

Energy,

Inc.

(a)

36,165

2,392,022

TFI

International,

Inc.

(a)

3,730

406,007

Toromont

Industries

Ltd.

(a)

1

140

Toronto-Dominion

Bank

(The)

(a)

25,317

2,364,449

Triple

Flag

Precious

Metals

Corp.

(a)

1

35

Whitecap

Resources,

Inc.

(a)

139,743

1,577,144

141,826,529

Chile

-

0

.0

%

†

Banco

Santander

Chile,

ADR

(a)

495

16,533

China

-

0

.8

%

BOC

Hong

Kong

Holdings

Ltd.

(2)

(a)

634,000

3,497,782

Prosus

NV

(2)(a)

28,432

1,316,276

Wilmar

International

Ltd.

(2)

889,600

2,672,692

Yangzijiang

Shipbuilding

Holdings

Ltd.

(2)

3,753,400

11,149,066

18,635,816

Denmark

-

1

.3

%

ALK-Abello

A/S

(2)(a)

1

32

Ambu

A/S,

Class

B

(2)(a)

1

11

Danske

Bank

A/S

(2)(a)

94,596

4,661,936

Genmab

A/S

(2)*(a)

13,311

3,584,939

ISS

A/S

(2)(a)

198,124

7,216,427

Jyske

Bank

A/S

(Registered)

(2)(a)

31,416

4,310,981

Pandora

A/S

(2)(a)

6,198

442,995

ROCKWOOL

A/S,

Class

B

(2)(a)

98,426

2,733,756

Royal

Unibrew

A/S

(a)

4,614

374,318

Vestas

Wind

Systems

A/S

(2)(a)

117,164

3,534,948

Zealand

Pharma

A/S

(2)*(a)

64,606

3,008,702

29,869,045

Finland

-

1

.2

%

Elisa

OYJ

(2)(a)

15,341

747,267

Fortum

OYJ

(2)(a)

349,326

8,933,221

Kone

OYJ,

Class

B

(2)(a)

37,772

2,411,392

Nokia

OYJ

(2)(a)

473,524

3,798,620

Nordea

Bank

Abp

(2)(a)

198,788

3,422,963

Orion

OYJ,

Class

B

(2)(a)

5,114

413,347

Valmet

OYJ

(2)(a)

69,999

2,002,921

Wartsila

OYJ

Abp

(2)(a)

128,265

4,777,614

26,507,345

France

-

5

.0

%

Amundi

SA

(2)(a)(c)

47,473

4,079,725

Arkema

SA

(2)(a)

5,293

363,406

AXA

SA

(2)(a)

37,702

1,732,466

BNP

Paribas

SA

(2)(a)

161,056

15,342,779

Bouygues

SA

(2)(a)

223,342

12,944,175

Carrefour

SA

(2)(a)

217,574

4,028,569

Credit

Agricole

SA

(2)(a)

532,863

9,945,541

Dassault

Aviation

SA

(2)(a)

7,840

2,918,069

Eiffage

SA

(2)(a)

92,561

14,195,860

Elis

SA

(2)(a)

1

28

Engie

SA

(2)(a)

157,052

5,061,386

INVESTMENTS

SHARES

VALUE

($)

France

-

5.0%

(continued)

Forvia

SE

(2)*(a)

46,433

531,474

Gaztransport

Et

Technigaz

SA

(2)(a)

16,498

3,880,226

Ipsen

SA

(2)(a)

14,806

2,766,999

Orange

SA

(2)(a)

252,242

5,171,733

Rexel

SA

(2)(a)

90,571

3,588,969

Safran

SA

(2)(a)

12,301

4,025,248

Societe

Generale

SA

(2)(a)

151,584

11,068,195

Sodexo

SA

(2)(a)

1,903

97,685

SPIE

SA

(2)(a)

9,340

467,706

Technip

Energies

NV

(2)(a)

31,735

1,341,044

Teleperformance

SE

(2)(a)

18,232

1,071,365

TotalEnergies

SE

(2)(a)

38,574

3,540,096

Valeo

SE

(2)(a)

217,185

2,659,616

Vinci

SA

(2)(a)

10,281

1,543,170

Vivendi

SE

(2)(a)

177,308

367,832

112,733,362

Germany

-

5

.0

%

Allianz

SE

(Registered)

(2)(a)

17,355

7,329,340

Aroundtown

SA

(2)*(a)

535,949

1,426,821

Aurubis

AG

(2)(a)

36,116

6,423,475

Bayer

AG

(Registered)

(2)(a)

65,386

3,025,948

Bechtle

AG

(2)(a)

63,704

2,196,874

Brenntag

SE

(2)(a)

25

1,693

Commerzbank

AG

(2)(a)

74,506

2,717,928

Continental

AG

(2)(a)

63,537

4,435,338

Deutsche

Bank

AG

(Registered)

(2)(a)

346,590

10,314,548

Deutsche

Lufthansa

AG

(Registered)

(2)(a)

479,231

4,081,028

Deutsche

Post

AG

(2)(a)

65,930

3,474,968

Evonik

Industries

AG

(2)(a)

121,937

2,392,730

Freenet

AG

(2)(a)

71,991

2,216,670

Fresenius

Medical

Care

AG

(2)(a)

76,995

3,489,224

GEA

Group

AG

(2)(a)

21,401

1,534,831

Hannover

Rueck

SE

(2)(a)

4,250

1,336,204

Heidelberg

Materials

AG

(2)(a)

41,262

8,707,788

HUGO

BOSS

AG

(2)(a)

58,531

2,533,569

KION

Group

AG

(2)(a)

15,214

812,916

Knorr-Bremse

AG

(2)(a)

26,101

2,982,086

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

(Registered)

(2)(a)

5,522

3,487,371

Nordex

SE

(2)*(a)

52,184

2,827,980

Rational

AG

(2)(a)

18

13,206

RWE

AG

(2)(a)

111,353

7,491,701

Schaeffler

AG

(2)(a)

1

8

Siemens

Energy

AG

(2)(a)

131,359

22,652,803

Talanx

AG

(2)(a)

38,217

4,742,237

Zalando

SE

(2)*(a)(c)

75,078

1,834,211

114,483,496

Hong

Kong

-

0

.7

%

CK

Asset

Holdings

Ltd.

(2)(a)

131,872

754,544

CLP

Holdings

Ltd.

(2)(a)

58,000

546,063

Prudential

plc

(2)(a)

5

70

Sun

Hung

Kai

Properties

Ltd.

(2)(a)

303,500

5,053,529

Swire

Pacific

Ltd.,

Class

A

(2)(a)

53,500

584,741

WH

Group

Ltd.

(2)(a)(c)

7,552,500

9,927,286

338

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Hong

Kong

-

0.7%

(continued)

Wharf

Real

Estate

Investment

Co.

Ltd.

(2)(a)

2,000

5,820

16,872,053

Italy

-

3

.6

%

A2A

SpA

(2)(a)

1,480,798

4,193,058

Azimut

Holding

SpA

(2)(a)

148,375

5,637,789

BPER

Banca

SpA

(2)(a)

500,370

6,557,458

Coca-Cola

HBC

AG

(2)(a)

120,619

6,794,372

Eni

SpA

(2)(a)

282,304

8,026,973

Generali

(2)(a)

179,669

7,228,355

Hera

SpA

(2)(a)

722,325

3,331,855

Italgas

SpA

(2)(a)

385,789

4,494,051

Leonardo

SpA

(2)(a)

201,058

13,675,857

Nexi

SpA

(2)(a)(c)

89

332

Pirelli

&

C

SpA

(2)(a)(c)

73,301

507,203

Poste

Italiane

SpA

(2)(a)(c)

90,499

2,130,234

Saipem

SpA

(2)(a)

661,221

3,025,318

Technoprobe

SpA

(2)*(a)

14,027

235,073

Telecom

Italia

SpA

(2)*(a)

2,579,743

1,811,247

Unipol

Assicurazioni

SpA

(2)(a)

601,503

13,973,019

81,622,194

Ivory

Coast

-

0

.0

%

†

Endeavour

Mining

plc

(2)(a)

6,775

408,192

Japan

-

17

.1

%

ABC-Mart,

Inc.

(a)

46,600

741,554

Advantest

Corp.

(2)(a)

110,800

15,291,138

Aeon

Co.

Ltd.

(2)(a)

276,500

3,305,819

Aisin

Corp.

(2)(a)

65,000

915,727

Allegro

MicroSystems,

Inc.

*(a)(b)

9,945

313,566

ALSOK

Co.

Ltd.

(2)(a)

86,800

690,822

Asahi

Group

Holdings

Ltd.

(2)(a)

167,100

1,668,432

Asahi

Intecc

Co.

Ltd.

(2)(a)

4,600

98,229

Asahi

Kasei

Corp.

(2)(a)

319,100

3,122,227

Astellas

Pharma,

Inc.

(2)(a)

440,900

7,187,471

Azbil

Corp.

(2)(a)

48,300

422,025

Bandai

Namco

Holdings,

Inc.

(2)(a)

66,000

1,628,247

BayCurrent,

Inc.

(2)(a)

88,500

2,561,750

Brother

Industries

Ltd.

(2)(a)

134,300

2,486,301

Canon,

Inc.

(2)(a)

13,000

360,716

Central

Japan

Railway

Co.

(2)(a)

230,800

6,001,075

Chubu

Electric

Power

Co.,

Inc.

(2)

(a)

422,500

6,965,721

Chugai

Pharmaceutical

Co.

Ltd.

(2)

(a)

68,600

3,783,186

Concordia

Financial

Group

Ltd.

(2)

(a)

65,800

587,344

Dai

Nippon

Printing

Co.

Ltd.

(2)(a)

207,400

3,778,827

Daifuku

Co.

Ltd.

(2)(a)

100

3,531

Daiichi

Life

Group,

Inc.

(2)(a)

404,800

3,733,064

Daito

Trust

Construction

Co.

Ltd.

(2)(a)

64,000

1,499,788

ENEOS

Holdings,

Inc.

(2)(a)

902,200

8,128,944

Hikari

Tsushin,

Inc.

(2)(a)

3,400

864,998

Hirose

Electric

Co.

Ltd.

(2)(a)

12,100

1,584,061

Hitachi

Construction

Machinery

Co.

Ltd.

(2)(a)

63,400

2,176,980

Hitachi

Ltd.

(2)(a)

12,700

372,561

INVESTMENTS

SHARES

VALUE

($)

Japan

-

17.1%

(continued)

Hoya

Corp.

(2)(a)

11,800

2,045,653

Idemitsu

Kosan

Co.

Ltd.

(2)(a)

582,000

5,713,795

Iida

Group

Holdings

Co.

Ltd.

(2)(a)

167,600

2,578,373

Inpex

Corp.

(2)(a)

624,700

18,478,311

Japan

Post

Bank

Co.

Ltd.

(2)(a)

506,500

8,261,129

Japan

Post

Holdings

Co.

Ltd.

(2)(a)

251,000

2,898,162

Japan

Post

Insurance

Co.

Ltd.

(2)

(a)

510,300

5,146,681

Japan

Real

Estate

Investment

Corp.,

REIT

(2)(a)

586

431,475

JFE

Holdings,

Inc.

(2)(a)

157,600

1,845,065

Kansai

Electric

Power

Co.,

Inc.

(The)

(2)(a)

320,300

5,325,332

Kao

Corp.

(a)

36,100

1,405,285

Kawasaki

Kisen

Kaisha

Ltd.

(2)(a)

184,100

3,109,564

Keyence

Corp.

(2)(a)

5,100

1,815,128

Kinden

Corp.

(2)(a)

125,300

5,637,058

Kioxia

Holdings

Corp.

(2)*(a)

8,300

1,083,981

Kirin

Holdings

Co.

Ltd.

(2)(a)

149,000

2,370,022

Kobe

Steel

Ltd.

(2)(a)

214,900

2,608,058

Komatsu

Ltd.

(2)(a)

8,800

350,421

Kyocera

Corp.

(2)(a)

143,200

2,195,764

Kyowa

Kirin

Co.

Ltd.

(2)(a)

17,700

289,679

Kyushu

Electric

Power

Co.,

Inc.

(2)

(a)

183,000

2,121,257

LY

Corp.

(2)(a)

267,500

644,978

Makita

Corp.

(2)(a)

93,600

3,076,291

Mazda

Motor

Corp.

(2)(a)

514,000

3,515,654

Medipal

Holdings

Corp.

(2)(a)

63,900

1,199,873

MEIJI

Holdings

Co.

Ltd.

(2)(a)

51,600

1,258,404

MINEBEA

MITSUMI,

Inc.

(2)(a)

34,600

574,536

MISUMI

Group,

Inc.

(2)(a)

26,600

455,972

Mitsubishi

Chemical

Group

Corp.

(2)(a)

589,900

3,448,631

Mitsubishi

Electric

Corp.

(2)(a)

103,000

3,368,831

Mitsubishi

HC

Capital,

Inc.

(2)(a)

287,000

2,575,270

Mitsubishi

Motors

Corp.

(2)(a)

212,700

427,097

Mitsui

&

Co.

Ltd.

(2)(a)

97,200

3,757,040

Mitsui

Chemicals,

Inc.

(2)(a)

67,600

816,606

MS&AD

Insurance

Group

Holdings,

Inc.

(2)(a)

32,100

837,668

Murata

Manufacturing

Co.

Ltd.

(2)

(a)

206,000

4,622,069

Nexon

Co.

Ltd.

(2)(a)

107,400

2,023,061

NGK

Corp.

(2)(a)

87,100

2,244,797

NIDEC

Corp.

(2)*(a)

166,200

2,110,444

NIPPON

EXPRESS

HOLDINGS,

Inc.

(2)(a)

128,400

2,901,956

Nippon

Steel

Corp.

(2)(a)

1,079,200

3,979,599

Nippon

Yusen

KK

(2)(a)

176,800

6,494,709

Nitto

Denko

Corp.

(2)(a)

264,100

5,283,117

Nomura

Holdings,

Inc.

(2)(a)

668,100

5,260,645

Nomura

Real

Estate

Master

Fund,

Inc.,

REIT

(2)(a)

269

265,632

Obayashi

Corp.

(2)(a)

142,200

3,444,151

Obic

Co.

Ltd.

(a)

166,000

4,029,060

Oji

Holdings

Corp.

(2)(a)

1,281,000

6,930,273

Ono

Pharmaceutical

Co.

Ltd.

(2)(a)

301,400

4,837,473

Open

House

Group

Co.

Ltd.

(2)(a)

52,600

3,371,225

Orix

JREIT,

Inc.,

REIT

(2)(a)

1,006

613,164

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

339

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

17.1%

(continued)

Osaka

Gas

Co.

Ltd.

(2)(a)

287,900

11,661,251

Otsuka

Corp.

(2)(a)

56,500

1,081,676

Otsuka

Holdings

Co.

Ltd.

(2)(a)

108,100

7,671,951

Pan

Pacific

International

Holdings

Corp.

(2)(a)

111,800

682,008

Panasonic

Holdings

Corp.

(2)(a)

514,500

8,628,865

Recruit

Holdings

Co.

Ltd.

(2)(a)

34,200

1,490,093

Renesas

Electronics

Corp.

(2)(a)

105,700

1,511,217

Ricoh

Co.

Ltd.

(2)(a)

200,600

1,695,772

Ryohin

Keikaku

Co.

Ltd.

(2)(a)

191,300

4,082,267

Sanwa

Holdings

Corp.

(2)(a)

62,100

1,412,294

SCREEN

Holdings

Co.

Ltd.

(2)(a)

71,000

4,229,936

Seibu

Holdings,

Inc.

(2)(a)

6,000

167,633

Seiko

Epson

Corp.

(2)(a)

83,100

1,027,383

Sekisui

Chemical

Co.

Ltd.

(2)(a)

221,100

3,711,974

Shimamura

Co.

Ltd.

(2)(a)

304,800

6,381,492

Shionogi

&

Co.

Ltd.

(2)(a)

372,000

8,228,991

Skylark

Holdings

Co.

Ltd.

(2)(a)

70,100

1,511,123

Sompo

Holdings,

Inc.

(2)(a)

38,100

1,483,166

Square

Enix

Holdings

Co.

Ltd.

(2)

(a)

455,600

7,260,437

Subaru

Corp.

(2)(a)

247,800

3,992,403

Sumitomo

Corp.

(2)(a)

190,000

7,109,623

Sumitomo

Mitsui

Trust

Group,

Inc.

(2)(a)

153,900

4,902,737

Suntory

Beverage

&

Food

Ltd.

(2)

(a)

153,500

4,334,856

Takeda

Pharmaceutical

Co.

Ltd.

(2)(a)

88,500

3,259,269

TBS

Holdings,

Inc.

(2)(a)

67,500

2,432,124

TDK

Corp.

(2)(a)

79,400

1,031,428

TIS,

Inc.

(2)(a)

27,900

596,542

Toho

Co.

Ltd.

(a)

70,500

740,515

Tokyo

Century

Corp.

(2)(a)

164,600

2,130,658

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(2)*(a)

1,307,900

5,389,325

Tokyo

Electron

Ltd.

(2)(a)

6,300

1,565,241

Tokyo

Gas

Co.

Ltd.

(2)(a)

150,800

7,102,086

Tokyu

Fudosan

Holdings

Corp.

(2)

(a)

127,600

1,089,074

TOPPAN

Holdings,

Inc.

(2)(a)

101,900

2,687,581

Toray

Industries,

Inc.

(2)(a)

322,700

2,298,471

Tosoh

Corp.

(2)(a)

254,000

3,775,681

TOTO

Ltd.

(2)(a)

11,200

370,287

Toyo

Suisan

Kaisha

Ltd.

(2)(a)

36,100

2,538,760

Toyota

Tsusho

Corp.

(2)(a)

245,700

9,522,540

Yamazaki

Baking

Co.

Ltd.

(2)(a)

75,900

1,696,597

Yokogawa

Electric

Corp.

(2)(a)

66,700

2,061,281

Zensho

Holdings

Co.

Ltd.

(2)(a)

15,600

910,772

ZOZO,

Inc.

(2)(a)

100,300

702,393

386,512,296

Luxembourg

-

0

.1

%

ArcelorMittal

SA

(2)(a)

36,659

1,901,191

Mexico

-

0

.2

%

Fresnillo

plc

(2)(a)

93,926

4,163,365

Grupo

Aeroportuario

del

Sureste

SAB

de

CV,

ADR

(a)

699

234,955

4,398,320

INVESTMENTS

SHARES

VALUE

($)

Netherlands

-

2

.2

%

Aalberts

NV

(2)(a)

26,953

938,683

ABN

AMRO

Bank

NV,

CVA

(2)(a)(c)

284,513

9,019,292

Arcadis

NV

(2)(a)

7,871

251,808

Argenx

SE

(2)*(a)

4,117

2,987,868

ASM

International

NV

(2)(a)

3,583

2,715,745

ASML

Holding

NV

(2)(a)

5,809

7,724,556

ASR

Nederland

NV

(2)(a)

5,844

402,341

Koninklijke

Ahold

Delhaize

NV

(a)

245,022

11,410,477

Koninklijke

KPN

NV

(2)(a)

339,535

1,892,442

Koninklijke

Vopak

NV

(2)(a)

476

25,764

NN

Group

NV

(2)(a)

148,986

11,635,197

Universal

Music

Group

NV

(2)(a)(b)

15,911

308,846

49,313,019

Norway

-

1

.4

%

Aker

BP

ASA

(2)(a)

3

111

Equinor

ASA

(2)(a)

306,102

13,041,287

Frontline

plc

(2)(a)

37,203

1,307,145

Gjensidige

Forsikring

ASA

(2)(a)

6,371

166,657

Kongsberg

Gruppen

ASA

(a)

216,375

9,223,351

Norsk

Hydro

ASA

(2)(a)

622,745

6,637,463

Vend

Marketplaces

ASA

(a)

32,768

810,833

31,186,847

Portugal

-

0

.0

%

†

Banco

Comercial

Portugues

SA,

Class

R

(2)

352,295

343,124

Galp

Energia

SGPS

SA

(2)

23,688

567,981

911,105

Singapore

-

0

.6

%

Genting

Singapore

Ltd.

(2)

9,434,500

4,979,203

Oversea-Chinese

Banking

Corp.

Ltd.

(2)

220,100

3,769,820

Singapore

Airlines

Ltd.

(2)

46,800

241,333

United

Overseas

Bank

Ltd.

(2)

169,400

4,849,204

13,839,560

South

Africa

-

0

.1

%

Gold

Fields

Ltd.,

ADR

(a)(b)

14,164

643,046

Harmony

Gold

Mining

Co.

Ltd.,

ADR

(a)

54,953

844,627

Sibanye

Stillwater

Ltd.,

ADR

(a)

3,929

48,405

1,536,078

Spain

-

2

.6

%

Acciona

SA

(2)(a)

5,863

1,541,749

ACS

Actividades

de

Construccion

y

Servicios

SA

(2)(a)

83,624

10,198,395

Aena

SME

SA

(a)(c)

105,004

3,097,334

Banco

Bilbao

Vizcaya

Argentaria

SA

(2)(a)

455,664

9,842,146

Banco

Santander

SA

(2)(a)

1,166,899

13,081,777

Bankinter

SA

(2)(a)

9

143

CaixaBank

SA

(2)(a)

101,476

1,216,460

Enagas

SA

(a)

29,680

587,998

Endesa

SA

(a)

41,396

1,726,340

Mapfre

SA

(2)(a)

522,566

2,328,813

Naturgy

Energy

Group

SA

(a)

26,569

795,383

Repsol

SA

(2)(a)

560,411

15,774,712

340

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Spain

-

2.6%

(continued)

Unicaja

Banco

SA

(2)(a)(c)

8

24

60,191,274

Sweden

-

2

.6

%

Asmodee

Group

AB,

Class

B

*(a)

4,800

53,919

Boliden

AB

(2)*(a)

99,138

5,196,998

Coffee

Stain

Group

AB,

Class

B

*

47,097

85,292

Elekta

AB,

Class

B

(2)(a)

80,797

477,905

Embracer

Group

AB

(2)*(a)

434,187

2,238,170

Essity

AB,

Class

B

(2)(a)

141,111

3,636,827

Evolution

AB

(2)(a)(c)

27,528

1,730,092

Getinge

AB,

Class

B

(2)(a)

52,629

1,062,414

H

&

M

Hennes

&

Mauritz

AB,

Class

B

(2)(a)

75,732

1,416,859

Husqvarna

AB,

Class

B

(2)(a)

24,386

96,571

Sandvik

AB

(2)(a)

79,286

3,047,901

Securitas

AB,

Class

B

(2)(a)

281,794

4,719,465

Skandinaviska

Enskilda

Banken

AB,

Class

A

(2)(a)

48,655

899,091

Skanska

AB,

Class

B

(2)(a)

97,894

2,647,947

SKF

AB,

Class

B

(2)(a)

148,210

3,572,743

SSAB

AB,

Class

B

(2)(a)

427,583

3,370,679

Swedbank

AB,

Class

A

(2)(a)

94,513

3,221,336

Swedish

Orphan

Biovitrum

AB

(2)*(a)

15,731

659,294

Tele2

AB,

Class

B

(2)(a)

6,378

132,009

Telefonaktiebolaget

LM

Ericsson,

Class

B

(2)(a)

1,687,531

19,238,252

Telia

Co.

AB

(2)(a)

230,438

1,180,597

Trelleborg

AB,

Class

B

(2)(a)

29,582

1,106,353

59,790,714

Switzerland

-

2

.3

%

ABB

Ltd.

(Registered)

(2)(a)

31,435

2,555,916

Adecco

Group

AG

(Registered)

(2)

(a)

102,543

2,466,384

Avolta

AG

(2)*(a)

3

180

BKW

AG

(2)(a)

16,157

3,185,510

EFG

International

AG

(2)(a)

1

21

Flughafen

Zurich

AG

(Registered)

(2)(a)

18,960

5,937,059

Geberit

AG

(Registered)

(2)(a)

4,720

3,186,144

Georg

Fischer

AG

(Registered)

(2)

(a)

30

1,548

Helvetia

Baloise

Holding

AG

(2)(a)

11,232

2,906,956

Logitech

International

SA

(Registered)

(2)(a)

76,134

7,070,148

Schindler

Holding

AG

(2)(a)

17,587

5,793,033

SGS

SA

(Registered)

(2)(a)

39,229

4,134,305

Swiss

Prime

Site

AG

(Registered)

(2)(a)

17,692

2,995,577

Swisscom

AG

(Registered)

(2)(a)

3,243

2,721,407

TE

Connectivity

plc

(a)

10,552

2,205,579

Tecan

Group

AG

(Registered)

(2)(a)

5,409

920,674

Temenos

AG

(Registered)

(2)(a)

35,091

3,075,597

Zurich

Insurance

Group

AG

(2)(a)

4,271

3,018,822

52,174,860

Turkiye

-

0

.0

%

†

Eldorado

Gold

Corp.

(a)

2

69

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

7

.2

%

Autotrader

Group

plc

(2)(a)(c)

89,911

562,760

B&M

European

Value

Retail

plc

(2)

(a)

307,878

691,355

Babcock

International

Group

plc

(2)(a)

7

109

Barclays

plc

(2)(a)

2,604,071

13,628,363

British

American

Tobacco

plc

(2)(a)

81,892

4,754,554

British

Land

Co.

plc

(The),

REIT

(2)(a)

40,951

193,713

BT

Group

plc

(2)(a)

3,832,756

10,741,557

Centrica

plc

(2)(a)

5,176,083

14,655,755

CK

Hutchison

Holdings

Ltd.

(2)(a)

806,000

6,186,877

Compass

Group

plc

(2)(a)

83,593

2,332,322

DCC

plc

(2)(a)

57,056

3,533,885

easyJet

plc

(2)(a)

505,194

2,350,576

Games

Workshop

Group

plc

(2)(a)

2,750

650,091

Harbour

Energy

plc

(2)(a)

19

76

Hikma

Pharmaceuticals

plc

(2)(a)

1

17

Howden

Joinery

Group

plc

(2)(a)

64,907

687,481

HSBC

Holdings

plc

(2)(a)

152,991

2,512,509

Imperial

Brands

plc

(2)(a)

155,300

6,297,076

Inchcape

plc

(a)

70,091

695,793

International

Consolidated

Airlines

Group

SA

(2)(a)

666,745

3,164,580

Intertek

Group

plc

(2)(a)

4

195

Investec

plc

(2)(a)

124,474

959,396

J

Sainsbury

plc

(a)

558,807

2,507,369

JD

Sports

Fashion

plc

(2)(a)

1,885,814

1,788,618

Kingfisher

plc

(2)(a)

1,595,204

6,065,504

Lloyds

Banking

Group

plc

(2)(a)

3,121,543

3,868,951

Marks

&

Spencer

Group

plc

(2)(a)

1,201,964

5,415,718

NatWest

Group

plc

(2)(a)

945,549

7,004,577

Next

plc

(2)(a)

12,997

2,195,828

Pearson

plc

(2)(a)

189,683

2,500,757

Rightmove

plc

(2)(a)

671,483

3,841,766

Rolls-Royce

Holdings

plc

(2)(a)

477,259

7,250,721

Rotork

plc

(2)(a)

7

29

Sage

Group

plc

(The)

(2)(a)

2

22

Schroders

plc

(2)(a)

176,911

1,362,136

Segro

plc,

REIT

(2)(a)

30,003

257,203

St

James's

Place

plc

(2)(a)

59,370

936,777

Standard

Chartered

plc

(2)(a)

551,718

11,497,721

TechnipFMC

plc

(a)

193,394

13,369,327

Tesco

plc

(2)(a)

930,792

5,850,057

Tritax

Big

Box

REIT

plc,

REIT

(2)(a)

8

15

UNITE

Group

plc

(The),

REIT

(2)(a)

1

6

Vodafone

Group

plc

(2)(a)

8,190,262

12,353,797

162,665,939

United

States

-

97

.6

%

3M

Co.

(a)(b)

37,854

5,497,536

A

O

Smith

Corp.

(a)(b)

53,654

3,537,945

Abercrombie

&

Fitch

Co.,

Class

A

*(a)

39,412

3,601,074

Accenture

plc,

Class

A

(a)

17,423

3,454,807

Acerinox

SA

(2)(a)

49,471

691,659

Acuity,

Inc.

(a)

2,467

691,303

Adobe,

Inc.

*(a)

107,869

26,220,796

ADT,

Inc.

(a)

679,174

4,462,173

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

341

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

97.6%

(continued)

Advanced

Energy

Industries,

Inc.

(a)(b)

6,672

2,153,121

AECOM

(a)

18,888

1,602,080

Aegon

Ltd.

(2)(a)

57,276

418,872

AGCO

Corp.

(a)(b)

10,215

1,183,612

Air

Lease

Corp.,

Class

A

(a)

5,889

382,432

Airbnb,

Inc.,

Class

A

*(a)(b)

117,134

14,791,681

Albemarle

Corp.

(a)

67,364

12,093,859

Albertsons

Cos.,

Inc.,

Class

A

(a)(b)

124,087

2,114,442

Alcoa

Corp.

(a)

92,194

6,115,228

Align

Technology,

Inc.

*(a)(b)

19,550

3,351,457

Allegion

plc

(a)

2,272

330,099

Allison

Transmission

Holdings,

Inc.

(a)

36,824

4,310,617

Allstate

Corp.

(The)

(a)

18,790

3,895,919

Alnylam

Pharmaceuticals,

Inc.

*(a)

(b)

20,264

6,704,750

Altria

Group,

Inc.

(a)

254,421

16,789,241

Amdocs

Ltd.

(a)

80,569

5,257,933

American

Electric

Power

Co.,

Inc.

(a)

18,273

2,395,225

American

International

Group,

Inc.

(a)(b)

8,994

676,799

Ameriprise

Financial,

Inc.

(a)

27,989

12,438,312

AMETEK,

Inc.

(a)

4,687

1,004,705

Amgen,

Inc.

(a)

3,726

1,310,993

Amkor

Technology,

Inc.

(a)

37,056

1,668,632

Amphenol

Corp.,

Class

A

(a)

60,904

7,695,220

Analog

Devices,

Inc.

(a)(b)

5,221

1,661,009

Antero

Resources

Corp.

*(a)

42,062

1,785,111

AP

Moller

-

Maersk

A/S,

Class

B

(2)(a)

1,922

4,800,929

APA

Corp.

(a)

167,013

7,088,032

Appfolio,

Inc.,

Class

A

*(a)(b)

6,720

1,060,550

Applied

Industrial

Technologies,

Inc.

(a)

7,178

1,904,467

AppLovin

Corp.,

Class

A

*(a)(b)

12,544

4,992,512

Aramark

(a)

115,738

4,692,019

Arch

Capital

Group

Ltd.

*(a)

20,924

2,008,495

Archer-Daniels-Midland

Co.

(a)(b)

81,680

5,937,319

Arista

Networks,

Inc.

*(a)

148,971

18,290,658

Armstrong

World

Industries,

Inc.

(a)

8,376

1,380,365

Arrow

Electronics,

Inc.

*(a)(b)

5,995

859,743

Arrowhead

Pharmaceuticals,

Inc.

*(a)(b)

11,705

733,904

ASGN,

Inc.

*(a)

43,892

1,699,059

Associated

Banc-Corp.

(a)(b)

16,208

419,139

Assurant,

Inc.

(a)

29,076

6,333,044

Assured

Guaranty

Ltd.

(a)

18,149

1,478,781

AT&T,

Inc.

(a)

408,433

11,840,473

ATI,

Inc.

*(a)

23,037

3,350,962

Atmos

Energy

Corp.

(a)(b)

1

185

Autodesk,

Inc.

*(a)

48,480

11,606,112

AutoNation,

Inc.

*(a)

6,500

1,269,190

Avient

Corp.

(a)(b)

44,052

1,599,088

Avnet,

Inc.

(a)

153,157

9,437,534

Axis

Capital

Holdings

Ltd.

(a)

44,949

4,558,278

Bank

of

New

York

Mellon

Corp.

(The)

(a)

82,036

9,731,931

Bank

OZK

(a)(b)

91,801

4,212,748

INVESTMENTS

SHARES

VALUE

($)

United

States

-

97.6%

(continued)

Belden,

Inc.

(a)(b)

6,402

735,142

Best

Buy

Co.,

Inc.

(a)(b)

95,757

6,147,599

Biogen,

Inc.

*(a)

74,303

13,621,969

BioMarin

Pharmaceutical,

Inc.

*(a)

117,086

6,614,188

Bio-Rad

Laboratories,

Inc.,

Class

A

*(a)(b)

13,433

3,744,449

Black

Hills

Corp.

(a)(b)

53,235

3,695,041

Blackbaud,

Inc.

*(a)(b)

2,865

110,618

Bloom

Energy

Corp.,

Class

A

*(a)(b)

10,681

1,447,169

BOK

Financial

Corp.

(a)(b)

15,198

1,946,256

Booking

Holdings,

Inc.

(a)

6,395

26,924,995

BorgWarner,

Inc.

(a)

112,963

6,129,372

Boston

Beer

Co.,

Inc.

(The),

Class

A

*(a)

22,753

5,242,291

BP

plc

(2)(a)

20

157

Brink's

Co.

(The)

(a)(b)

17,481

1,811,556

Bristol-Myers

Squibb

Co.

(a)

238,649

14,474,062

Brixmor

Property

Group,

Inc.,

REIT

(a)

94,486

2,721,197

Buzzi

SpA

(2)(a)

85,529

4,324,090

Cabot

Corp.

(a)(b)

19,052

1,434,806

Cardinal

Health,

Inc.

(a)

63,768

13,474,816

CarMax,

Inc.

*(a)

30,905

1,285,030

Carnival

Corp.

(a)

102,895

2,662,923

Carpenter

Technology

Corp.

(a)

8,292

3,268,292

Cboe

Global

Markets,

Inc.

(a)(b)

21,940

6,166,676

CDW

Corp.

(a)(b)

29,212

3,535,236

Centene

Corp.

*(a)

638,993

20,920,630

CF

Industries

Holdings,

Inc.

(a)

7,631

990,809

CH

Robinson

Worldwide,

Inc.

(a)(b)

61,341

10,186,900

Charles

River

Laboratories

International,

Inc.

*(a)(b)

17,454

3,010,815

Chemed

Corp.

(a)

963

363,764

Chewy,

Inc.,

Class

A

*(a)(b)

287,732

7,768,764

Chubb

Ltd.

(a)

20,878

6,804,767

Ciena

Corp.

*(a)(b)

37,013

14,369,557

Cigna

Group

(The)

(a)(b)

13,186

3,517,366

Cincinnati

Financial

Corp.

(a)

18,236

2,869,435

Cintas

Corp.

(a)

10,071

1,703,409

Cirrus

Logic,

Inc.

*(a)

101,226

14,639,304

Citizens

Financial

Group,

Inc.

(a)

114,536

6,868,724

Clarivate

plc

*(a)(b)

4

10

CME

Group,

Inc.

(a)

8,214

2,426,005

CNA

Financial

Corp.

(a)

43,216

1,984,479

CNO

Financial

Group,

Inc.

(a)

149,069

6,120,773

CNX

Resources

Corp.

*(a)(b)

72,412

2,791,483

Coca-Cola

Consolidated,

Inc.

(a)

48,528

9,304,759

Cognex

Corp.

(a)(b)

36,664

1,796,169

Cognizant

Technology

Solutions

Corp.,

Class

A

(a)

130,632

8,014,273

Columbia

Sportswear

Co.

(a)

22,726

1,245,612

Comcast

Corp.,

Class

A

(a)

134,925

3,873,697

Comfort

Systems

USA,

Inc.

(a)

2,118

2,920,701

Commerce

Bancshares,

Inc.

(a)

4

197

Commercial

Metals

Co.

(a)

68,447

4,204,699

Conagra

Brands,

Inc.

(a)

2

31

Concentrix

Corp.

(a)

63,184

1,728,714

Constellation

Brands,

Inc.,

Class

A

(a)(b)

14,658

2,198,700

Copart,

Inc.

*(a)(b)

1

33

342

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

97.6%

(continued)

COPT

Defense

Properties,

REIT

(a)

90,349

2,764,679

Core

&

Main,

Inc.,

Class

A

*(a)(b)

8,010

395,694

Corebridge

Financial,

Inc.

(a)(b)

127,835

3,050,143

Corteva,

Inc.

(a)

89,504

7,492,380

Costco

Wholesale

Corp.

(a)

3,613

3,600,102

Crane

Co.

(a)

6,493

1,110,303

Credo

Technology

Group

Holding

Ltd.

*(a)

41,224

3,869,697

Crocs,

Inc.

*(a)(b)

37,834

3,140,979

Crown

Holdings,

Inc.

(a)

52,085

5,221,521

CubeSmart,

REIT

(a)

9,183

336,557

Curtiss-Wright

Corp.

(a)

16,457

11,209,192

CVS

Health

Corp.

(a)

20,054

1,440,278

Darden

Restaurants,

Inc.

(a)

6,904

1,353,460

Darling

Ingredients,

Inc.

*(a)

18,815

1,163,708

Deckers

Outdoor

Corp.

*(a)

146,860

14,699,216

Dell

Technologies,

Inc.,

Class

C

(a)

30,933

5,077,033

Devon

Energy

Corp.

(a)(b)

15,499

779,910

Dexcom,

Inc.

*(a)(b)

59,093

3,711,040

Dillard's,

Inc.,

Class

A

(a)

7,902

4,520,813

Docusign,

Inc.,

Class

A

*(a)

51,620

2,447,304

Dolby

Laboratories,

Inc.,

Class

A

(a)(b)

60,492

3,633,150

Dollar

General

Corp.

(a)

42,285

5,020,498

Dollar

Tree,

Inc.

*(a)(b)

37,589

4,116,371

Domino's

Pizza,

Inc.

(a)

30,968

11,111,009

Donaldson

Co.,

Inc.

(a)(b)

33,502

2,843,315

DoubleVerify

Holdings,

Inc.

*(a)

143,807

1,366,167

DraftKings,

Inc.,

Class

A

*(a)(b)

227,350

4,915,307

Dropbox,

Inc.,

Class

A

*(a)(b)

324,490

7,372,413

DuPont

de

Nemours,

Inc.

(a)(b)

74,443

3,409,489

DXC

Technology

Co.

*(a)(b)

427,732

5,376,591

Dycom

Industries,

Inc.

*(a)(b)

1,719

582,432

East

West

Bancorp,

Inc.

(a)

16,164

1,725,669

eBay,

Inc.

(a)(b)

79,978

7,279,598

Edison

International

(a)

93,978

6,877,310

Elanco

Animal

Health,

Inc.

*(a)(b)

79,023

1,891,020

Elastic

NV

*(a)

106,992

5,348,530

Element

Solutions,

Inc.

(a)(b)

149,058

5,088,840

Elevance

Health,

Inc.

(a)

2,556

748,269

EMCOR

Group,

Inc.

(a)

6,269

4,628,465

EnerSys

(a)

18,870

3,278,096

Entergy

Corp.

(a)(b)

37,632

4,228,332

Envista

Holdings

Corp.

*(a)

223,512

5,670,499

EPAM

Systems,

Inc.

*(a)

18,739

2,537,261

EPR

Properties,

REIT

(a)

45,116

2,253,995

EQT

Corp.

(a)(b)

27,358

1,741,063

Essent

Group

Ltd.

(a)

20,917

1,222,389

Estee

Lauder

Cos.,

Inc.

(The),

Class

A

(a)(b)

31,650

2,271,521

Etsy,

Inc.

*(a)(b)

164,267

8,210,065

Euronet

Worldwide,

Inc.

*(a)(b)

22,699

1,506,533

Evercore,

Inc.,

Class

A

(a)(b)

13,737

4,100,632

Everest

Group

Ltd.

(a)

21,577

7,052,442

Evergy,

Inc.

(a)(b)

27,531

2,255,340

Everpure,

Inc.,

Class

A

*(a)(b)

93,767

5,536,004

Eversource

Energy

(a)

43,027

2,980,911

Exelixis,

Inc.

*(a)

357,429

15,330,129

Exelon

Corp.

(a)(b)

85,806

4,206,210

ExlService

Holdings,

Inc.

*(a)

79,197

2,411,549

INVESTMENTS

SHARES

VALUE

($)

United

States

-

97.6%

(continued)

Expand

Energy

Corp.

(a)(b)

103,221

11,331,601

Expedia

Group,

Inc.

(a)(b)

124,388

28,719,944

Expeditors

International

of

Washington,

Inc.

(a)(b)

41,379

5,926,714

Exponent,

Inc.

(a)(b)

12,870

839,768

F5,

Inc.

*(a)(b)

18,928

5,476,438

Fair

Isaac

Corp.

*(a)(b)

808

862,572

Federated

Hermes,

Inc.,

Class

B

(a)(b)

183,482

10,405,264

FedEx

Corp.

(a)

19,507

6,948,003

Fidelity

National

Financial,

Inc.

(a)

34,194

1,585,918

Fidelity

National

Information

Services,

Inc.

(a)(b)

27,613

1,295,326

Fifth

Third

Bancorp

(a)

39,432

1,832,011

First

American

Financial

Corp.

(a)

10,008

603,382

First

Financial

Bankshares,

Inc.

(a)

(b)

35,594

1,048,243

First

Hawaiian,

Inc.

(a)

120,704

2,974,147

First

Horizon

Corp.

(a)

68,309

1,554,713

First

Industrial

Realty

Trust,

Inc.,

REIT

(a)

34,662

2,005,197

First

Solar,

Inc.

*(a)

1,915

377,753

FirstCash

Holdings,

Inc.

(a)

20,763

3,903,444

Fiserv,

Inc.

*(a)(b)

22,836

1,274,249

Five

Below,

Inc.

*(a)

2,418

552,465

Flex

Ltd.

*(a)(b)

34,730

2,273,426

Flowers

Foods,

Inc.

(a)(b)

76,857

626,385

Flowserve

Corp.

(a)(b)

59,106

4,344,882

Fluor

Corp.

*(a)

147,103

6,862,355

FNB

Corp.

(a)(b)

117,241

1,960,270

Fortinet,

Inc.

*(a)

153,025

12,505,203

Fox

Corp.,

Class

A

(a)(b)

62,753

3,664,775

Franklin

Resources,

Inc.

(a)

80,263

1,895,812

Gaming

and

Leisure

Properties,

Inc.,

REIT

(a)

47,122

2,090,803

Gap,

Inc.

(The)

(a)

57,586

1,393,581

Gartner,

Inc.

*(a)(b)

22,158

3,508,498

Gates

Industrial

Corp.

plc

*(a)

131,573

2,974,866

GCI

Liberty,

Inc.,

Class

C

*(a)(b)

15,575

579,546

GE

Aerospace

(a)

9,703

2,753,420

GE

Vernova,

Inc.

(a)

16,386

14,303,339

Gen

Digital,

Inc.

(a)(b)

56,360

1,061,259

General

Dynamics

Corp.

(a)

26,943

9,247,376

General

Motors

Co.

(a)

192,574

14,346,763

Genpact

Ltd.

(a)

166,256

6,193,036

Gitlab,

Inc.,

Class

A

*(a)(b)

117,872

2,550,750

GLOBALFOUNDRIES,

Inc.

*(a)

46,439

2,065,607

Globe

Life,

Inc.

(a)

3,654

508,527

GoDaddy,

Inc.,

Class

A

*(a)

11,152

921,936

Graco,

Inc.

(a)

36,753

3,111,141

Graham

Holdings

Co.,

Class

B

(a)

6,013

6,357,304

Grand

Canyon

Education,

Inc.

*(a)

(b)

26,090

4,436,083

Greif,

Inc.,

Class

A

(a)(b)

18,548

1,244,014

GSK

plc

(2)(a)

25,188

693,816

GXO

Logistics,

Inc.

*(a)(b)

1

52

H&R

Block,

Inc.

(a)(b)

26,164

830,445

Haemonetics

Corp.

*(a)

24,310

1,370,112

Halozyme

Therapeutics,

Inc.

*(a)(b)

60,560

3,913,993

Hancock

Whitney

Corp.

(a)(b)

55,226

3,511,821

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

343

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

97.6%

(continued)

Hanover

Insurance

Group,

Inc.

(The)

(a)

19,577

3,393,673

Harley-Davidson,

Inc.

(a)(b)

98,274

1,987,100

Hartford

Insurance

Group,

Inc.

(The)

(a)

56,296

7,612,908

Hasbro,

Inc.

(a)

14,188

1,327,997

HealthEquity,

Inc.

*(a)

35,610

2,975,928

Hecla

Mining

Co.

(a)(b)

259,612

4,836,572

Hexcel

Corp.

(a)(b)

41,219

3,335,854

HF

Sinclair

Corp.

(a)

121,018

7,550,313

Highwoods

Properties,

Inc.,

REIT

(a)(b)

15,202

325,475

Hilton

Worldwide

Holdings,

Inc.

(a)

2,400

729,792

Holcim

AG

(2)(a)

129,735

10,724,149

Home

BancShares,

Inc.

(a)(b)

10,630

286,266

Host

Hotels

&

Resorts,

Inc.,

REIT

(a)

104,479

2,001,818

Houlihan

Lokey,

Inc.,

Class

A

(a)

15,463

2,220,796

Howard

Hughes

Holdings,

Inc.

*(a)

1

63

Howmet

Aerospace,

Inc.

(a)(b)

26,592

6,128,392

HP,

Inc.

(a)(b)

321,824

6,182,239

HubSpot,

Inc.

*(a)

50,886

12,421,273

Huntington

Ingalls

Industries,

Inc.

(a)

14,824

5,631,638

IAC,

Inc.

*(a)(b)

117,505

4,703,725

IDEXX

Laboratories,

Inc.

*(a)(b)

4,419

2,482,992

Illinois

Tool

Works,

Inc.

(a)

8,992

2,340,528

Illumina,

Inc.

*(a)(b)

63,184

7,788,060

Incyte

Corp.

*(a)(b)

88,710

8,349,385

Ingram

Micro

Holding

Corp.

(a)

17,562

409,370

Ingredion,

Inc.

(a)

20,224

2,278,436

Insmed,

Inc.

*(a)(b)

7,848

1,283,305

Insulet

Corp.

*(a)

33,547

7,039,502

InterContinental

Hotels

Group

plc

(2)(a)

35,161

4,636,852

International

Bancshares

Corp.

(a)

(b)

39,765

2,675,787

Invesco

Ltd.

(a)

364,661

8,857,616

ITT,

Inc.

(a)

13,873

2,643,223

Jabil,

Inc.

(a)

29,167

7,747,630

Jack

Henry

&

Associates,

Inc.

(a)

32,483

5,133,613

Jacobs

Solutions,

Inc.

(a)

10,456

1,330,840

Janus

Henderson

Group

plc

(a)

160,395

8,239,491

Jazz

Pharmaceuticals

plc

*(a)

44,603

8,432,197

JB

Hunt

Transport

Services,

Inc.

(a)

23,917

5,068,012

Jones

Lang

LaSalle,

Inc.

*(a)(b)

25,062

7,626,868

Kilroy

Realty

Corp.,

REIT

(a)

55,094

1,554,202

Kimco

Realty

Corp.,

REIT

(a)(b)

83,782

1,882,582

Kirby

Corp.

*(a)

2

266

KLA

Corp.

(a)(b)

3,396

5,000,304

Kroger

Co.

(The)

(a)

178,195

12,894,190

Kyndryl

Holdings,

Inc.

*(a)

206,435

2,708,427

L3Harris

Technologies,

Inc.

(a)(b)

13,425

4,633,639

Lam

Research

Corp.

(a)

55,933

11,950,645

Lamar

Advertising

Co.,

Class

A,

REIT

(a)(b)

18,277

2,314,965

Landstar

System,

Inc.

(a)

25,735

4,125,578

Las

Vegas

Sands

Corp.

(a)

21,282

1,146,674

Lear

Corp.

(a)

509

61,630

Leidos

Holdings,

Inc.

(a)(b)

33,282

5,176,017

INVESTMENTS

SHARES

VALUE

($)

United

States

-

97.6%

(continued)

Lincoln

Electric

Holdings,

Inc.

(a)

3,278

816,484

Lincoln

National

Corp.

(a)

32,077

1,138,734

LivaNova

plc

*(a)

74,695

4,747,614

Loews

Corp.

(a)(b)

51,258

5,471,279

Lumentum

Holdings,

Inc.

*(a)(b)

16,498

11,594,134

Lyft,

Inc.,

Class

A

*(a)(b)

769,081

10,228,777

M&T

Bank

Corp.

(a)(b)

32,804

6,781,243

Macy's,

Inc.

(a)

416,870

7,541,178

Manhattan

Associates,

Inc.

*(a)(b)

60,761

8,088,504

ManpowerGroup,

Inc.

(a)

57,818

1,703,318

Maplebear,

Inc.

*(a)(b)

121,393

4,547,382

Markel

Group,

Inc.

*(a)(b)

1,127

2,157,157

Marzetti

Co.

(The)

(a)

8,723

1,206,653

Mastercard,

Inc.,

Class

A

(a)

17,147

8,567,670

Match

Group,

Inc.

(a)

151,047

4,638,653

Mattel,

Inc.

*(a)

137,503

1,997,919

Maximus,

Inc.

(a)(b)

32,319

2,071,648

McKesson

Corp.

(a)

27,126

23,473,754

Medical

Properties

Trust,

Inc.,

REIT

70,067

324,410

Medpace

Holdings,

Inc.

*(a)(b)

39,462

18,949,257

Medtronic

plc

(a)(b)

24,768

2,146,147

Mettler-Toledo

International,

Inc.

*(a)

2,990

3,770,988

MGIC

Investment

Corp.

(a)

68,917

1,809,071

Micron

Technology,

Inc.

(a)

42,473

14,349,078

Middleby

Corp.

(The)

*(a)(b)

9,962

1,320,762

Millrose

Properties,

Inc.,

Class

A,

REIT

(a)

15,104

422,912

MKS,

Inc.

(a)

26,716

6,139,604

Mohawk

Industries,

Inc.

*(a)(b)

22,469

2,212,298

Molson

Coors

Beverage

Co.,

Class

B

(a)(b)

285,968

12,313,782

MongoDB,

Inc.,

Class

A

*(a)(b)

33,723

8,254,379

Monolithic

Power

Systems,

Inc.

(a)

3,630

3,968,861

Monster

Beverage

Corp.

*(a)(b)

65,547

4,749,536

Moody's

Corp.

(a)(b)

1

436

Morningstar,

Inc.

(a)

16,122

2,725,424

Mosaic

Co.

(The)

(a)

48,984

1,249,092

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

(a)

22,652

2,090,100

MSCI,

Inc.,

Class

A

(a)

11,628

6,267,608

Mueller

Industries,

Inc.

(a)

49,495

5,484,046

Murphy

Oil

Corp.

(a)(b)

145

5,981

Murphy

USA,

Inc.

(a)(b)

3,556

1,756,557

Natera,

Inc.

*(a)(b)

33,160

6,631,668

National

Fuel

Gas

Co.

(a)

54,758

5,145,062

NetApp,

Inc.

(a)

137,007

14,028,147

Neurocrine

Biosciences,

Inc.

*(a)

60,807

8,010,714

New

Jersey

Resources

Corp.

(a)(b)

38,080

2,091,354

New

York

Times

Co.

(The),

Class

A

(a)

199,601

16,712,591

NewMarket

Corp.

(a)(b)

3,589

2,300,370

Newmont

Corp.

(a)

70,401

7,620,908

News

Corp.,

Class

A

(a)(b)

4,186

104,357

Nexstar

Media

Group,

Inc.,

Class

A

(a)

17,855

3,228,720

NiSource,

Inc.

(a)

48,793

2,276,681

NNN

REIT,

Inc.,

REIT

(a)

91,339

3,838,978

Northern

Trust

Corp.

(a)

58,616

8,181,035

NOV,

Inc.

(a)

411,367

7,737,813

344

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

97.6%

(continued)

Novartis

AG

(Registered)

(2)(a)

83,557

12,825,535

Nutanix,

Inc.,

Class

A

*(a)

348,448

13,244,508

NVIDIA

Corp.

(a)

27,033

4,714,555

NVR,

Inc.

*(a)

196

1,291,607

OGE

Energy

Corp.

(a)

1

48

Old

Republic

International

Corp.

(a)

114,391

4,564,201

Omega

Healthcare

Investors,

Inc.,

REIT

(a)(b)

126,188

5,529,558

Omnicom

Group,

Inc.

(a)(b)

59,130

4,453,080

ONE

Gas,

Inc.

(a)(b)

11

947

OneMain

Holdings,

Inc.

(a)

23,066

1,233,800

Onto

Innovation,

Inc.

*(a)

10,234

2,098,686

Ormat

Technologies,

Inc.

(a)(b)

13,209

1,478,351

Oshkosh

Corp.

(a)(b)

48,736

7,174,427

Otis

Worldwide

Corp.

(a)(b)

75,171

5,794,181

Ovintiv,

Inc.

(a)

23,798

1,412,649

Paramount

Skydance

Corp.,

Class

B

(a)

54,753

493,872

PBF

Energy,

Inc.,

Class

A

(a)

18,353

873,970

Pegasystems,

Inc.

(a)

230,150

9,795,184

Penn

Entertainment,

Inc.

*(a)

58,200

874,746

Penske

Automotive

Group,

Inc.

(a)

(b)

15,301

2,287,806

Pentair

plc

(a)

15,908

1,385,746

PepsiCo,

Inc.

(a)

30,250

4,697,523

Pfizer,

Inc.

(a)

258,439

7,256,967

PG&E

Corp.

(a)

20,794

365,351

Philip

Morris

International,

Inc.

(a)

8,100

1,339,254

Pilgrim's

Pride

Corp.

(a)(b)

42,798

1,616,052

Pinnacle

Financial

Partners,

Inc.

(a)(b)

38,382

3,306,225

PNC

Financial

Services

Group,

Inc.

(The)

(a)

22,270

4,634,164

Polaris,

Inc.

(a)

47,746

2,602,157

Popular,

Inc.

(a)

63,708

8,547,702

Portland

General

Electric

Co.

(a)

116,914

6,169,552

Post

Holdings,

Inc.

*(a)(b)

3,335

329,698

PPG

Industries,

Inc.

(a)(b)

29,763

3,181,069

Primerica,

Inc.

(a)(b)

4,908

1,229,356

Procore

Technologies,

Inc.

*(a)(b)

44,482

2,535,474

Prosperity

Bancshares,

Inc.

(a)

13,457

904,041

Prudential

Financial,

Inc.

(a)(b)

1

98

PTC,

Inc.

*(a)

509

72,527

PulteGroup,

Inc.

(a)

21,450

2,522,735

PVH

Corp.

(a)(b)

66,750

4,656,480

QUALCOMM,

Inc.

(a)(b)

8,155

1,050,201

Qualys,

Inc.

*(a)(b)

98,714

8,672,025

Ralph

Lauren

Corp.,

Class

A

(a)

11,585

3,985,124

Rambus,

Inc.

*(a)

33,163

2,853,013

Raymond

James

Financial,

Inc.

(a)

46,304

6,704,356

Rayonier,

Inc.,

REIT

(a)(b)

127,176

2,622,369

Regeneron

Pharmaceuticals,

Inc.

(a)

12,316

9,515,834

Regions

Financial

Corp.

(a)(b)

253,474

6,620,741

Reinsurance

Group

of

America,

Inc.

(a)

20,924

4,271,844

Reliance,

Inc.

(a)(b)

2,506

761,624

RenaissanceRe

Holdings

Ltd.

(a)

5,598

1,663,894

ResMed,

Inc.

(a)(b)

19,542

4,386,788

Revolution

Medicines,

Inc.

*(a)(b)

1

97

INVESTMENTS

SHARES

VALUE

($)

United

States

-

97.6%

(continued)

Reynolds

Consumer

Products,

Inc.

(a)

19,304

408,859

RingCentral,

Inc.,

Class

A

(a)

254,284

9,456,822

Rivian

Automotive,

Inc.,

Class

A

*(a)(b)

480,766

7,235,528

Robert

Half,

Inc.

(a)

54,072

1,373,429

ROBLOX

Corp.,

Class

A

*(a)(b)

42,995

2,431,797

Roche

Holding

AG

(2)(a)

18,307

7,306,156

Rocket

Lab

Corp.

*(a)(b)

24,497

1,573,197

Rockwell

Automation,

Inc.

(a)(b)

3,975

1,426,548

Roivant

Sciences

Ltd.

*(a)

13,296

368,299

Roku,

Inc.,

Class

A

*(a)

82,547

7,810,597

Rollins,

Inc.

(a)(b)

7,278

388,718

Royalty

Pharma

plc,

Class

A

(a)(b)

109,510

5,253,195

RPM

International,

Inc.

(a)

13,591

1,350,945

Rubrik,

Inc.,

Class

A

*(a)(b)

33,410

1,636,088

Ryder

System,

Inc.

(a)

32,783

6,711,008

Sabra

Health

Care

REIT,

Inc.,

REIT

(a)(b)

198,225

3,811,867

Sandisk

Corp.

*(a)

7,029

4,465,805

Sanofi

SA

(2)(a)

47,088

4,547,280

Schneider

National,

Inc.,

Class

B

(a)

161,557

4,258,643

Science

Applications

International

Corp.

(a)

28,167

2,673,612

SEI

Investments

Co.

(a)(b)

85,379

6,699,690

Selective

Insurance

Group,

Inc.

(a)

23,276

1,754,778

Sensata

Technologies

Holding

plc

(a)(b)

116,820

4,114,400

Service

Corp.

International

(a)(b)

4

330

ServiceNow,

Inc.

*(a)(b)

124,385

13,004,452

Shell

plc

(2)(a)

124,085

5,747,002

Signify

NV

(2)(a)(c)

182,617

3,889,596

SiteOne

Landscape

Supply,

Inc.

*(a)

1

133

Skyworks

Solutions,

Inc.

(a)(b)

120,579

6,457,005

Smithfield

Foods,

Inc.

(a)

8,314

232,543

Smurfit

Westrock

plc

(a)(b)

15,679

624,808

Snap,

Inc.,

Class

A

*(a)(b)

2

9

Snap-on,

Inc.

(a)(b)

10,844

3,938,758

Snowflake,

Inc.,

Class

A

*(a)(b)

54,547

8,226,779

Solventum

Corp.

*(a)(b)

68,955

4,502,762

Sotera

Health

Co.

*(a)

12,490

179,107

Southwest

Gas

Holdings,

Inc.

(a)(b)

1,537

133,565

Spire,

Inc.

(a)(b)

9,689

877,242

SS&C

Technologies

Holdings,

Inc.

(a)

80,616

5,447,223

STAG

Industrial,

Inc.,

REIT

(a)

98,092

3,537,198

StandardAero,

Inc.

*(a)(b)

10,242

264,551

Stanley

Black

&

Decker,

Inc.

(a)

43,322

3,078,461

State

Street

Corp.

40,017

5,064,552

STERIS

plc

(a)(b)

14,044

3,105,550

Sterling

Infrastructure,

Inc.

*(a)(b)

6,695

2,726,673

Stifel

Financial

Corp.

(a)

55,796

4,124,440

Sun

Communities,

Inc.,

REIT

(a)

2

252

Swiss

Re

AG

(2)(a)

9,461

1,589,233

Synaptics,

Inc.

*(a)(b)

3

210

Synchrony

Financial

(a)

147,464

10,030,501

Sysco

Corp.

(a)

34,048

2,428,644

T.

Rowe

Price

Group,

Inc.

(a)(b)

48,498

4,371,610

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

345

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

97.6%

(continued)

Tapestry,

Inc.

(a)

47,596

6,716,272

Target

Corp.

(a)

23,494

2,847,473

Taylor

Morrison

Home

Corp.,

Class

A

*(a)

77,531

4,515,405

TD

SYNNEX

Corp.

(a)

29,613

4,996,009

Tenaris

SA

(2)(a)

213,983

6,255,218

Tenet

Healthcare

Corp.

*(a)

18,937

3,573,601

Teradata

Corp.

*(a)(b)

246,199

6,310,080

Teradyne,

Inc.

(a)

9,672

2,867,361

Terex

Corp.

(a)(b)

17,253

1,019,652

Tetra

Tech,

Inc.

(a)(b)

78,566

2,366,408

Texas

Roadhouse,

Inc.,

Class

A

(a)

(b)

15,652

2,584,771

Textron,

Inc.

(a)(b)

110,565

9,681,071

Timken

Co.

(The)

(a)(b)

33,788

3,398,059

Toro

Co.

(The)

(a)

36,660

3,425,510

Tradeweb

Markets,

Inc.,

Class

A

(a)

18,197

2,141,059

Travel

+

Leisure

Co.

(a)

112,746

7,800,896

Travelers

Cos.,

Inc.

(The)

(a)

21,616

6,304,955

Trimble,

Inc.

*(a)(b)

18,483

1,205,646

Tyson

Foods,

Inc.,

Class

A

(a)

56,898

3,645,455

Uber

Technologies,

Inc.

*(a)(b)

25,931

1,865,217

Ubiquiti,

Inc.

(a)(b)

7,304

5,772,278

UFP

Industries,

Inc.

(a)(b)

15,026

1,384,195

UGI

Corp.

(a)(b)

37,948

1,382,066

UiPath,

Inc.,

Class

A

*(a)(b)

468,867

5,204,424

UL

Solutions,

Inc.,

Class

A

(a)(b)

1

86

Ulta

Beauty,

Inc.

*(a)

3,727

1,948,140

UMB

Financial

Corp.

(a)(b)

14,617

1,648,651

United

Bankshares,

Inc.

(a)

110,503

4,577,034

United

Therapeutics

Corp.

*(a)

18,355

10,884,148

Universal

Health

Services,

Inc.,

Class

B

(a)

11,898

2,129,385

Unum

Group

(a)

42,309

3,089,826

US

Bancorp

(a)

80,698

4,197,103

US

Foods

Holding

Corp.

*(a)(b)

50,520

4,658,449

Valero

Energy

Corp.

(a)

26,029

6,431,245

Valley

National

Bancorp

(a)(b)

471,434

5,789,210

Valmont

Industries,

Inc.

(a)

4,432

1,770,894

Veeva

Systems,

Inc.,

Class

A

*(a)

32,189

5,654,320

Ventas,

Inc.,

REIT

(a)

26,593

2,174,776

Veralto

Corp.

(a)

26,424

2,336,410

VeriSign,

Inc.

(a)

77,642

19,283,166

Verisk

Analytics,

Inc.,

Class

A

(a)

5,758

1,092,581

Verizon

Communications,

Inc.

(a)

183,620

9,217,724

Versant

Media

Group,

Inc.

*(a)

99,092

3,668,386

Vertiv

Holdings

Co.,

Class

A

(a)

38,444

9,633,298

Viatris,

Inc.

(a)

360,011

4,863,749

VICI

Properties,

Inc.,

Class

A,

REIT

(a)

230,766

6,304,527

Viking

Holdings

Ltd.

*(a)

21,143

1,553,588

Visteon

Corp.

(a)(b)

19,463

1,773,274

Voya

Financial,

Inc.

(a)(b)

74,230

5,071,394

W

R

Berkley

Corp.

(a)(b)

19,237

1,275,028

Walt

Disney

Co.

(The)

(a)

11,477

1,106,153

Watts

Water

Technologies,

Inc.,

Class

A

(a)

11,714

3,400,457

Wayfair,

Inc.,

Class

A

*(a)

110,189

8,287,315

WESCO

International,

Inc.

(a)(b)

9,371

2,564,093

Western

Digital

Corp.

(a)(b)

48,308

13,066,831

INVESTMENTS

SHARES

VALUE

($)

United

States

-

97.6%

(continued)

Western

Union

Co.

(The)

(a)(b)

409,579

3,575,625

Westinghouse

Air

Brake

Technologies

Corp.

(a)

7,533

1,882,572

WEX,

Inc.

*(a)

6,795

1,039,907

Willis

Towers

Watson

plc

(a)

21,262

6,180,863

Wintrust

Financial

Corp.

(a)(b)

9,838

1,366,892

Woodward,

Inc.

(a)

23,802

8,519,212

Wynn

Resorts

Ltd.

(a)(b)

3,344

339,583

YETI

Holdings,

Inc.

*(a)(b)

100,559

3,679,454

Yum!

Brands,

Inc.

(a)(b)

22,401

3,482,907

Zebra

Technologies

Corp.,

Class

A

*(a)(b)

15,870

3,318,100

Zimmer

Biomet

Holdings,

Inc.

(a)

39,725

3,591,935

Zions

Bancorp

NA

(a)

81,057

4,670,504

Zoom

Communications,

Inc.,

Class

A

*(a)

196,199

15,772,437

Zscaler,

Inc.

*(a)(b)

47,928

6,723,819

2,216,126,438

TOTAL

COMMON

STOCKS

(Cost

$2,997,137,509)

3,725,686,060

NO.

OF

RIGHTS

RIGHTS

-

0.0%

†

Italy

-

0

.0

%

†

Telecom

Italia

SpA,

expiring

4/1/2026

(2)*

(Cost

$–)

2,579,778

27

SHARES

SHORT-TERM

INVESTMENTS

-

47.0%

INVESTMENT

COMPANIES

-

26

.8

%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(d)(e)

37,567,518

37,567,518

Limited

Purpose

Cash

Investment

Fund,

3.65%

(d)(f)

571,854,021

571,854,021

TOTAL

INVESTMENT

COMPANIES

(Cost

$609,358,200)

609,421,539

—

PRINCIPAL

AMOUNT

U.S.

TREASURY

OBLIGATIONS

-

20

.2

%

U.S.

Treasury

Bills

3.77%,

5/7/2026

(2)(g)

$

4,659,000

4,642,030

3.76%,

5/14/2026

(2)(g)

2,274,000

2,264,112

3.78%,

5/21/2026

(2)(g)

13,835,000

13,765,287

3.74%,

5/28/2026

(2)(g)(h)

16,091,000

15,998,331

3.65%,

6/11/2026

(2)(g)

1,694,000

1,681,982

3.56%,

7/2/2026

(2)(g)

20,876,000

20,683,767

3.54%,

7/9/2026

(2)(g)(h)

23,037,000

22,808,585

3.58%,

7/23/2026

(2)(g)(h)

10,000,000

9,887,262

3.59%,

7/30/2026

(2)(g)(h)

25,738,000

25,428,396

3.59%,

8/6/2026

(2)(g)(h)

30,602,000

30,214,461

3.56%,

8/13/2026

(2)(g)(h)

84,578,000

83,442,900

3.56%,

8/20/2026

(2)(g)(h)

64,000,000

63,097,354

3.59%,

8/27/2026

(2)(g)

10,272,000

10,120,186

3.60%,

9/10/2026

(2)(g)(h)

76,547,000

75,311,038

3.64%,

9/17/2026

(2)(g)(h)

19,260,000

18,935,112

3.70%,

9/24/2026

(2)(g)

30,462,000

29,929,681

346

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

20.2%

(continued)

3.67%,

10/1/2026

(2)(g)

$

31,766,000

31,186,297

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$459,498,504)

459,396,781

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$1,068,856,704)

1,068,818,320

NO.

OF

CONTRACTS

PURCHASED

OPTIONS

-

0.3%

Put

Option

s

-

0

.3

%

Over-the-Counter

Equity

Index

Options

-

0

.3

%

S&P

500

Index

JPMC

Exercise

Price:

USD

6,500

Notional

Amount:

USD

199,772,712

Expiration

Date:

6/18/2026

(2)

306

6,811,389

NOTIONAL

AMOUNT

Interest

Rate

Swaptions

-

0

.0

%

†

2-Year

Interest

Rate

Swap,

Pays

SOFR

Quarterly,

Receives

3.23%

Quarterly

JPMC

Exercise

Rate:

3.23%

Expiration

Date:

6/17/2026

(2)

$

350,191,154

651,751

TOTAL

PURCHASED

OPTIONS

(Cost

$6,979,542)

7,463,140

TOTAL

LONG

POSITIONS

(Cost

$4,072,973,755)

4,801,967,547

SHARES

SHORT

POSITIONS

-

(149.1)%

COMMON

STOCKS

-

(148.5)%

Australia

-

(

5

.3

)

%

ALS

Ltd.

(2)

(

29

)

(

426

)

APA

Group

(2)

(

972,153

)

(

6,696,879

)

CAR

Group

Ltd.

(2)

(

85,226

)

(

1,360,494

)

Cochlear

Ltd.

(2)

(

32,149

)

(

3,782,995

)

Commonwealth

Bank

of

Australia

(2)

(

144,863

)

(

16,964,444

)

Computershare

Ltd.

(2)

(

147,325

)

(

2,905,612

)

CSL

Ltd.

(2)

(

81,145

)

(

7,969,978

)

Dexus,

REIT

(2)

(

382,018

)

(

1,574,951

)

Endeavour

Group

Ltd.

(2)

(

1,006,720

)

(

2,278,832

)

Goodman

Group,

REIT

(2)

(

520,212

)

(

9,339,627

)

IDP

Education

Ltd.

(2)

(

412,441

)

(

1,180,865

)

Insurance

Australia

Group

Ltd.

(

462,708

)

(

2,343,261

)

Lynas

Rare

Earths

Ltd.

(2)

(

577,690

)

(

7,843,567

)

Macquarie

Group

Ltd.

(2)

(

82,613

)

(

11,735,740

)

Mineral

Resources

Ltd.

(2)

(

67,316

)

(

2,585,800

)

Mirvac

Group,

REIT

(2)

(

4

)

(

5

)

NEXTDC

Ltd.

(2)

(

746,795

)

(

5,970,609

)

Northern

Star

Resources

Ltd.

(2)

(

26,237

)

(

381,402

)

Origin

Energy

Ltd.

(2)

(

183,926

)

(

1,582,712

)

Qantas

Airways

Ltd.

(2)

(

149,739

)

(

879,605

)

Ramsay

Health

Care

Ltd.

(2)

(

179,712

)

(

4,887,963

)

INVESTMENTS

SHARES

VALUE

($)

Australia

-

(5.3)%

(continued)

Rio

Tinto

plc

(2)

(

38,878

)

(

3,606,857

)

SEEK

Ltd.

(2)

(

45,879

)

(

450,836

)

Sonic

Healthcare

Ltd.

(2)

(

289,544

)

(

4,114,069

)

Stockland,

REIT

(2)

(

16

)

(

48

)

Telix

Pharmaceuticals

Ltd.

(2)

(

505,746

)

(

4,842,013

)

Transurban

Group

(2)

(

41,374

)

(

403,597

)

Treasury

Wine

Estates

Ltd.

(2)

(

1,044,204

)

(

2,694,840

)

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(2)

(

14,086

)

(

395,858

)

Whitehaven

Coal

Ltd.

(2)

(

682,604

)

(

4,404,461

)

WiseTech

Global

Ltd.

(2)

(

141,461

)

(

3,816,698

)

Woodside

Energy

Group

Ltd.

(2)

(

54,852

)

(

1,302,051

)

Woolworths

Group

Ltd.

(2)

(

95,809

)

(

2,419,392

)

(120,716,487)

Belgium

-

(

0

.3

)

%

D'ieteren

Group

(2)

(

6,550

)

(

1,212,752

)

Elia

Group

SA/NV

(2)

(

16,929

)

(

2,600,280

)

Financiere

de

Tubize

SA

(2)

(

1,284

)

(

318,517

)

Lotus

Bakeries

NV

(2)

(

166

)

(

1,874,267

)

(6,005,816)

Brazil

-

(

0

.2

)

%

MercadoLibre,

Inc.

(

1,235

)

(

2,135,340

)

NU

Holdings

Ltd.,

Class

A

(

165,589

)

(

2,379,514

)

StoneCo

Ltd.,

Class

A

(

4,675

)

(

66,011

)

XP,

Inc.,

Class

A

(

5,373

)

(

102,302

)

(4,683,167)

Canada

-

(

4

.5

)

%

Alimentation

Couche-Tard,

Inc.

(

44,085

)

(

2,498,816

)

AtkinsRealis

Group,

Inc.

(

5

)

(

322

)

BCE,

Inc.

(

74,661

)

(

1,883,834

)

Brookfield

Asset

Management

Ltd.,

Class

A

(

205,166

)

(

9,121,930

)

Brookfield

Corp.,

Class

A

(

426,175

)

(

17,269,417

)

Brookfield

Infrastructure

Corp.,

Class

A

(

28,793

)

(

1,137,770

)

Brookfield

Renewable

Corp.

(

18,320

)

(

730,113

)

Canadian

National

Railway

Co.

(

27,000

)

(

2,778,995

)

Canadian

Pacific

Kansas

City

Ltd.

(

79,992

)

(

6,294,820

)

Capstone

Copper

Corp.

(

29,628

)

(

223,419

)

CGI,

Inc.

(

28,186

)

(

2,060,611

)

Colliers

International

Group,

Inc.

(

6,136

)

(

656,033

)

Constellation

Software,

Inc.

(

4,549

)

(

7,985,488

)

Descartes

Systems

Group,

Inc.

(The)

(

18,326

)

(

1,312,632

)

Element

Fleet

Management

Corp.

(

114,789

)

(

2,489,529

)

Enbridge,

Inc.

(

66,358

)

(

3,597,194

)

FirstService

Corp.

(

6,361

)

(

884,897

)

Gildan

Activewear,

Inc.

(

5,176

)

(

288,250

)

Hydro

One

Ltd.

(c)

(

31,619

)

(

1,305,809

)

Keyera

Corp.

(

108,782

)

(

4,207,864

)

Metro,

Inc.,

Class

A

(

13,569

)

(

928,400

)

National

Bank

of

Canada

(

15,697

)

(

2,031,211

)

Pembina

Pipeline

Corp.

(

8,634

)

(

386,485

)

PrairieSky

Royalty

Ltd.

(

16,605

)

(

384,358

)

RB

Global,

Inc.

(

21,041

)

(

2,017,885

)

Restaurant

Brands

International,

Inc.

(

35,239

)

(

2,607,651

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

347

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Canada

-

(4.5)%

(continued)

Rogers

Communications,

Inc.,

Class

B

(

132,244

)

(

5,085,942

)

Shopify,

Inc.,

Class

A

(

92,254

)

(

10,946,334

)

Stantec,

Inc.

(

4

)

(

346

)

Thomson

Reuters

Corp.

(

49,750

)

(

4,490,410

)

TMX

Group

Ltd.

(

32,759

)

(

1,161,672

)

Tourmaline

Oil

Corp.

(

122,087

)

(

5,843,255

)

WSP

Global,

Inc.

(

2,319

)

(

360,911

)

(102,972,603)

Chile

-

(

0

.2

)

%

Antofagasta

plc

(2)

(

97,540

)

(

4,374,130

)

Congo,

Democratic

Republic

of

the

-

(

0

.2

)

%

Ivanhoe

Mines

Ltd.,

Class

A

(

456,102

)

(

3,898,392

)

Denmark

-

(

1

.3

)

%

Carlsberg

A/S,

Class

B

(

19,287

)

(

2,396,108

)

Coloplast

A/S,

Class

B

(2)

(

24,087

)

(

1,640,781

)

Demant

A/S

(2)

(

24,137

)

(

731,436

)

DSV

A/S

(2)

(

48,434

)

(

11,697,211

)

GN

Store

Nord

A/S

(2)

(

89,376

)

(

1,429,617

)

Novo

Nordisk

A/S,

Class

B

(2)

(

265,625

)

(

9,720,413

)

Novonesis

Novozymes,

Class

B

(2)

(

36,679

)

(

2,179,143

)

Orsted

A/S

(2)(c)

(

14,853

)

(

368,340

)

Tryg

A/S

(

5,987

)

(

142,702

)

(30,305,751)

Finland

-

(

0

.8

)

%

Kesko

OYJ,

Class

B

(2)

(

13,159

)

(

292,240

)

Konecranes

OYJ

(2)

(

6

)

(

197

)

Metso

OYJ

(2)

(

115,641

)

(

2,004,093

)

Neste

OYJ

(2)

(

200,873

)

(

6,527,880

)

Sampo

OYJ,

Class

A

(

1

)

(

11

)

Stora

Enso

OYJ,

Class

R

(2)

(

316,771

)

(

3,719,811

)

UPM-Kymmene

OYJ

(2)

(

214,286

)

(

6,707,101

)

(19,251,333)

France

-

(

4

.3

)

%

Accor

SA

(2)

(

58,208

)

(

2,791,841

)

Aeroports

de

Paris

SA

(2)

(

16,712

)

(

2,041,657

)

Air

France-KLM

(2)

(

74,973

)

(

759,877

)

Air

Liquide

SA

(2)

(

25,344

)

(

5,238,567

)

Airbus

SE

(2)

(

10,780

)

(

2,038,207

)

Alstom

SA

(2)

(

173,158

)

(

4,952,012

)

BioMerieux

(2)

(

3,502

)

(

374,132

)

Bollore

SE

(2)

(

97,433

)

(

557,124

)

Bureau

Veritas

SA

(2)

(

10,478

)

(

313,621

)

Capgemini

SE

(2)

(

11,599

)

(

1,368,664

)

Cie

de

Saint-Gobain

SA

(2)

(

13,306

)

(

1,101,663

)

Cie

Generale

des

Etablissements

Michelin

SCA

(2)

(

235,074

)

(

8,053,377

)

Danone

SA

(2)

(

4,552

)

(

363,737

)

Dassault

Systemes

SE

(2)

(

185,531

)

(

3,755,936

)

Edenred

SE

(2)

(

57,058

)

(

1,136,534

)

EssilorLuxottica

SA

(2)

(

45,682

)

(

10,645,054

)

FDJ

UNITED

(2)

(

21,333

)

(

627,807

)

Getlink

SE

(2)

(

107,017

)

(

2,309,304

)

Hermes

International

SCA

(2)

(

2,697

)

(

5,109,066

)

Kering

SA

(2)

(

11,549

)

(

3,507,010

)

Legrand

SA

(2)

(

16,915

)

(

2,627,823

)

INVESTMENTS

SHARES

VALUE

($)

France

-

(4.3)%

(continued)

L'Oreal

SA

(2)

(

12,866

)

(

5,253,065

)

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(2)

(

9,331

)

(

5,100,788

)

Pernod

Ricard

SA

(2)

(

141,853

)

(

10,548,455

)

Publicis

Groupe

SA

(2)

(

26,133

)

(

2,163,016

)

Remy

Cointreau

SA

(2)

(

40,478

)

(

1,750,379

)

Renault

SA

(2)

(

137,620

)

(

4,718,151

)

Sartorius

Stedim

Biotech

(2)

(

23,903

)

(

4,655,401

)

SCOR

SE

(2)

(

28,621

)

(

1,022,925

)

SEB

SA

(2)

(

6,924

)

(

357,743

)

SOITEC

(2)

(

4,435

)

(

272,033

)

Veolia

Environnement

SA

(2)

(

52,629

)

(

2,004,429

)

(97,519,398)

Germany

-

(

4

.3

)

%

adidas

AG

(2)

(

22,694

)

(

3,673,177

)

Auto1

Group

SE

(2)(i)

(

38,818

)

(

691,118

)

BASF

SE

(2)

(

190,973

)

(

11,762,105

)

Bayerische

Motoren

Werke

AG

(2)

(

20,837

)

(

1,927,563

)

Beiersdorf

AG

(2)

(

3,696

)

(

332,224

)

Carl

Zeiss

Meditec

AG

(2)

(

39,857

)

(

1,145,605

)

CTS

Eventim

AG

&

Co.

KGaA

(2)

(

1,021

)

(

59,801

)

Daimler

Truck

Holding

AG

(2)

(

16,221

)

(

798,816

)

Deutsche

Telekom

AG

(Registered)

(2)

(

129,707

)

(

4,841,089

)

E.ON

SE

(2)

(

69,017

)

(

1,511,574

)

Hensoldt

AG

(2)

(

35,641

)

(

3,163,152

)

Infineon

Technologies

AG

(2)

(

192,146

)

(

8,716,922

)

K+S

AG

(Registered)

(2)

(

92,559

)

(

1,759,904

)

LANXESS

AG

(2)

(

64,219

)

(

1,419,821

)

LEG

Immobilien

SE

(2)

(

8,952

)

(

584,760

)

Mercedes-Benz

Group

AG

(2)

(

42,197

)

(

2,593,550

)

Merck

KGaA

(2)

(

38,547

)

(

4,897,542

)

MTU

Aero

Engines

AG

(2)

(

11,910

)

(

4,344,993

)

Nemetschek

SE

(2)

(

31,376

)

(

2,348,807

)

Puma

SE

(2)

(

20,077

)

(

520,675

)

RENK

Group

AG

(2)

(

47,349

)

(

2,830,130

)

Rheinmetall

AG

(2)

(

3,237

)

(

5,460,127

)

SAP

SE

(2)

(

53,712

)

(

9,156,964

)

Scout24

SE

(2)(c)

(

13,691

)

(

1,056,375

)

Siemens

AG

(Registered)

(2)

(

29,876

)

(

7,278,812

)

Siemens

Healthineers

AG

(2)(c)

(

150,874

)

(

6,437,199

)

Symrise

AG,

Class

A

(2)

(

40,357

)

(

3,446,156

)

TeamViewer

SE

(2)(c)

(

80,979

)

(

419,778

)

Vonovia

SE

(2)

(

97,020

)

(

2,426,706

)

Wacker

Chemie

AG

(2)

(

17,593

)

(

1,741,647

)

(97,347,092)

Italy

-

(

2

.2

)

%

Amplifon

SpA

(2)

(

112,972

)

(

1,246,397

)

Banca

Monte

dei

Paschi

di

Siena

SpA

(2)

(

442,167

)

(

3,858,141

)

Brunello

Cucinelli

SpA

(2)

(

60,347

)

(

5,273,976

)

Davide

Campari-Milano

NV

(2)

(

536,994

)

(

3,836,645

)

DiaSorin

SpA

(2)

(

36,120

)

(

2,530,671

)

ERG

SpA

(2)

(

73,620

)

(

1,879,620

)

Ferrari

NV

(2)

(

42,424

)

(

14,394,631

)

Fincantieri

SpA

(2)

(

5

)

(

77

)

FinecoBank

Banca

Fineco

SpA

(2)

(

60,978

)

(

1,356,683

)

348

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Italy

-

(2.2)%

(continued)

Infrastrutture

Wireless

Italiane

SpA

(2)(c)

(

355,486

)

(

2,836,885

)

Interpump

Group

SpA

(2)

(

29,458

)

(

1,124,730

)

Moncler

SpA

(2)

(

35,172

)

(

2,117,655

)

Prysmian

SpA

(2)

(

5,384

)

(

635,802

)

Recordati

Industria

Chimica

e

Farmaceutica

SpA

(2)

(

20,412

)

(

1,168,762

)

Reply

SpA

(2)

(

3,187

)

(

299,926

)

Snam

SpA

(2)

(

378,176

)

(

2,864,848

)

Terna

-

Rete

Elettrica

Nazionale

(2)

(

334,734

)

(

3,828,491

)

(49,253,940)

Japan

-

(

16

.0

)

%

Advance

Residence

Investment

Corp.,

REIT

(2)

(

580

)

(

592,700

)

Ajinomoto

Co.,

Inc.

(2)

(

94,500

)

(

2,671,632

)

ANA

Holdings,

Inc.

(2)

(

121,700

)

(

2,179,557

)

Asics

Corp.

(2)

(

52,900

)

(

1,422,223

)

Bridgestone

Corp.

(2)

(

191,100

)

(

3,982,193

)

Capcom

Co.

Ltd.

(2)

(

77,900

)

(

1,646,177

)

Chiba

Bank

Ltd.

(The)

(2)

(

414,100

)

(

5,360,343

)

CyberAgent,

Inc.

(2)

(

78,500

)

(

671,580

)

Daiichi

Sankyo

Co.

Ltd.

(2)

(

64,600

)

(

1,155,737

)

Daikin

Industries

Ltd.

(2)

(

34,600

)

(

4,150,165

)

Daiwa

House

Industry

Co.

Ltd.

(2)

(

24,900

)

(

781,187

)

Daiwa

Securities

Group,

Inc.

(2)

(

311,900

)

(

2,955,374

)

Denso

Corp.

(2)

(

377,400

)

(

4,731,873

)

Dentsu

Group,

Inc.

(2)

(

22,200

)

(

381,556

)

Disco

Corp.

(2)

(

12,900

)

(

5,257,825

)

East

Japan

Railway

Co.

(2)

(

63,300

)

(

1,447,763

)

Ebara

Corp.

(2)

(

84,500

)

(

2,392,037

)

Eisai

Co.

Ltd.

(2)

(

144,200

)

(

4,514,444

)

Fast

Retailing

Co.

Ltd.

(2)

(

10,400

)

(

4,109,107

)

Fuji

Electric

Co.

Ltd.

(2)

(

52,200

)

(

3,656,718

)

FUJIFILM

Holdings

Corp.

(2)

(

141,500

)

(

2,696,374

)

Fujitsu

Ltd.

(2)

(

22,500

)

(

460,140

)

GMO

Payment

Gateway,

Inc.

(2)

(

3,100

)

(

162,018

)

Hankyu

Hanshin

Holdings,

Inc.

(2)

(

59,400

)

(

1,717,554

)

Honda

Motor

Co.

Ltd.

(2)

(

77,000

)

(

623,205

)

Hoshizaki

Corp.

(2)

(

55,900

)

(

1,799,542

)

Hulic

Co.

Ltd.

(2)

(

192,500

)

(

2,243,889

)

Ibiden

Co.

Ltd.

(2)

(

29,700

)

(

1,486,203

)

IHI

Corp.

(2)

(

122,900

)

(

2,535,797

)

Isetan

Mitsukoshi

Holdings

Ltd.

(2)

(

47,400

)

(

873,366

)

Isuzu

Motors

Ltd.

(2)

(

42,500

)

(

612,033

)

ITOCHU

Corp.

(2)

(

313,600

)

(

3,989,146

)

Japan

Metropolitan

Fund

Investment

Corp.,

REIT

(2)

(

2,698

)

(

1,899,926

)

Japan

Tobacco,

Inc.

(2)

(

94,900

)

(

3,640,731

)

Kajima

Corp.

(2)

(

41,500

)

(

1,583,170

)

Kawasaki

Heavy

Industries

Ltd.

(2)

(

138,000

)

(

2,595,386

)

KDDI

Corp.

(2)

(

415,800

)

(

7,079,715

)

KDX

Realty

Investment

Corp.,

REIT

(2)

(

1,070

)

(

1,088,981

)

Keisei

Electric

Railway

Co.

Ltd.

(2)

(

341,100

)

(

2,552,097

)

Kikkoman

Corp.

(2)

(

206,900

)

(

1,878,396

)

Kobe

Bussan

Co.

Ltd.

(2)

(

72,900

)

(

1,577,482

)

Kokusai

Electric

Corp.

(2)

(

90,000

)

(

3,043,323

)

Kubota

Corp.

(2)

(

231,000

)

(

3,701,819

)

Kyoto

Financial

Group,

Inc.

(2)

(

165,496

)

(

4,360,578

)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(16.0)%

(continued)

Lasertec

Corp.

(2)

(

7,000

)

(

1,558,015

)

M3,

Inc.

(2)

(

158,400

)

(

1,625,876

)

Marubeni

Corp.

(2)

(

69,200

)

(

2,531,470

)

MatsukiyoCocokara

&

Co.

(

23,300

)

(

370,850

)

McDonald's

Holdings

Co.

Japan

Ltd.

(2)

(

2,500

)

(

130,664

)

Mebuki

Financial

Group,

Inc.

(2)

(

12,200

)

(

95,146

)

Mitsubishi

Corp.

(2)

(

480,400

)

(

16,480,586

)

Mitsubishi

Estate

Co.

Ltd.

(2)

(

203,700

)

(

5,653,991

)

Mitsubishi

Heavy

Industries

Ltd.

(2)

(

159,600

)

(

4,385,275

)

Mitsubishi

UFJ

Financial

Group,

Inc.

(2)

(

678,000

)

(

11,481,207

)

Mitsui

OSK

Lines

Ltd.

(2)

(

151,500

)

(

6,296,462

)

Mizuho

Financial

Group,

Inc.

(2)

(

182,600

)

(

7,392,335

)

MonotaRO

Co.

Ltd.

(2)

(

120,500

)

(

1,306,162

)

Nintendo

Co.

Ltd.

(2)

(

150,700

)

(

8,602,806

)

Nippon

Building

Fund,

Inc.,

REIT

(2)

(

1,733

)

(

1,455,163

)

Nippon

Paint

Holdings

Co.

Ltd.

(2)

(

566,100

)

(

3,549,755

)

Nippon

Prologis

REIT,

Inc.,

REIT

(2)

(

3,677

)

(

1,983,627

)

Nippon

Sanso

Holdings

Corp.

(2)

(

18,400

)

(

652,435

)

Nissan

Chemical

Corp.

(2)

(

72,700

)

(

2,827,031

)

Nissan

Motor

Co.

Ltd.

(2)

(

2,259,400

)

(

4,896,954

)

Nissin

Foods

Holdings

Co.

Ltd.

(2)

(

75,900

)

(

1,440,560

)

Niterra

Co.

Ltd.

(2)

(

97,400

)

(

4,592,563

)

Nitori

Holdings

Co.

Ltd.

(2)

(

327,300

)

(

5,199,983

)

Nomura

Real

Estate

Holdings,

Inc.

(2)

(

32,600

)

(

211,371

)

Nomura

Research

Institute

Ltd.

(2)

(

188,600

)

(

5,161,538

)

NTT,

Inc.

(2)

(

8,655,200

)

(

8,659,237

)

Olympus

Corp.

(2)

(

245,800

)

(

2,341,818

)

Omron

Corp.

(2)

(

182,500

)

(

5,250,360

)

Oracle

Corp.

Japan

(

600

)

(

32,540

)

Oriental

Land

Co.

Ltd.

(2)

(

458,800

)

(

7,808,682

)

Rakuten

Bank

Ltd.

(2)

(

144,800

)

(

5,293,844

)

Rakuten

Group,

Inc.

(2)

(

391,000

)

(

1,827,749

)

Resona

Holdings,

Inc.

(2)

(

721,900

)

(

8,235,253

)

Sanrio

Co.

Ltd.

(2)

(

115,500

)

(

718,093

)

Secom

Co.

Ltd.

(2)

(

11,800

)

(

449,472

)

Sekisui

House

Ltd.

(2)

(

266,900

)

(

5,980,448

)

Seven

&

i

Holdings

Co.

Ltd.

(2)

(

305,600

)

(

4,110,213

)

SG

Holdings

Co.

Ltd.

(

244,600

)

(

2,278,700

)

Shimadzu

Corp.

(2)

(

20,300

)

(

482,386

)

Shimano,

Inc.

(2)

(

17,400

)

(

1,816,610

)

Shiseido

Co.

Ltd.

(2)

(

251,400

)

(

5,136,162

)

Shizuoka

Financial

Group,

Inc.

(2)

(

98,300

)

(

1,632,228

)

SMC

Corp.

(2)

(

12,400

)

(

4,876,899

)

SoftBank

Corp.

(2)

(

4,917,700

)

(

6,580,489

)

SoftBank

Group

Corp.

(2)

(

419,100

)

(

10,204,980

)

Sojitz

Corp.

(2)

(

12,100

)

(

479,123

)

Sony

Financial

Group,

Inc.

(2)

(

409,700

)

(

375,307

)

Sony

Group

Corp.

(2)

(

302,300

)

(

6,300,759

)

Sumitomo

Electric

Industries

Ltd.

(2)

(

62,800

)

(

3,568,302

)

Sumitomo

Forestry

Co.

Ltd.

(2)

(

212,400

)

(

1,932,555

)

Sumitomo

Mitsui

Financial

Group,

Inc.

(2)

(

325,700

)

(

10,709,121

)

Sumitomo

Realty

&

Development

Co.

Ltd.

(2)

(

259,900

)

(

7,374,874

)

T&D

Holdings,

Inc.

(2)

(

18,300

)

(

468,746

)

Taisei

Corp.

(2)

(

21,200

)

(

2,196,357

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

349

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Japan

-

(16.0)%

(continued)

Tokio

Marine

Holdings,

Inc.

(2)

(

105,500

)

(

4,952,273

)

Tokyu

Corp.

(2)

(

318,100

)

(

3,754,873

)

Toyota

Industries

Corp.

(2)

(

28,584

)

(

3,696,481

)

Toyota

Motor

Corp.

(2)

(

550,500

)

(

11,443,435

)

Trend

Micro,

Inc.

(2)

(

25,200

)

(

840,082

)

Unicharm

Corp.

(

474,200

)

(

2,780,272

)

USS

Co.

Ltd.

(2)

(

90,000

)

(

946,693

)

West

Japan

Railway

Co.

(

84,200

)

(

1,659,542

)

Yakult

Honsha

Co.

Ltd.

(2)

(

35,600

)

(

595,706

)

Yamaha

Motor

Co.

Ltd.

(2)

(

453,100

)

(

3,273,374

)

Yamato

Holdings

Co.

Ltd.

(2)

(

34,700

)

(

386,962

)

Yaskawa

Electric

Corp.

(2)

(

177,500

)

(

4,688,079

)

(364,281,966)

Luxembourg

-

(

0

.1

)

%

CVC

Capital

Partners

plc

(2)(c)

(

87,928

)

(

1,147,926

)

Mexico

-

(

0

.0

)

%

†

Cemex

SAB

de

CV,

ADR

(

64,582

)

(

738,817

)

Coca-Cola

Femsa

SAB

de

CV,

ADR

(

752

)

(

73,358

)

Fomento

Economico

Mexicano

SAB

de

CV,

ADR

(

2,013

)

(

223,564

)

(1,035,739)

Netherlands

-

(

1

.1

)

%

Adyen

NV

(2)(c)

(

7,117

)

(

7,123,052

)

BE

Semiconductor

Industries

NV

(2)

(

3,848

)

(

824,218

)

EXOR

NV

(2)

(

6,336

)

(

485,007

)

Heineken

NV

(2)

(

72,364

)

(

5,566,117

)

IMCD

NV

(2)

(

23,403

)

(

2,449,029

)

Koninklijke

Philips

NV

(2)

(

23,260

)

(

636,213

)

NXP

Semiconductors

NV

(

6,926

)

(

1,363,452

)

SBM

Offshore

NV

(2)

(

104,910

)

(

4,183,581

)

Wolters

Kluwer

NV

(2)

(

25,745

)

(

1,922,849

)

(24,553,518)

Norway

-

(

0

.3

)

%

DNB

Bank

ASA

(2)

(

25,470

)

(

796,922

)

Mowi

ASA

(2)

(

15,584

)

(

354,439

)

Orkla

ASA

(2)

(

47,276

)

(

594,951

)

Salmar

ASA

(

25,590

)

(

1,493,184

)

Storebrand

ASA

(2)

(

10,066

)

(

181,689

)

Telenor

ASA

(

14

)

(

246

)

TOMRA

Systems

ASA

(2)

(

207,854

)

(

2,505,925

)

(5,927,356)

Poland

-

(

0

.0

)

%

†

InPost

SA

(2)

(

47,006

)

(

832,193

)

Portugal

-

(

0

.0

)

%

†

EDP

SA

(2)

(

6

)

(

32

)

Jeronimo

Martins

SGPS

SA

(2)

(

11,209

)

(

268,022

)

(268,054)

Singapore

-

(

1

.5

)

%

CapitaLand

Investment

Ltd.

(2)

(

1,665,500

)

(

3,545,183

)

DBS

Group

Holdings

Ltd.

(2)

(

31,300

)

(

1,392,854

)

Grab

Holdings

Ltd.,

Class

A

(

2,786,627

)

(

10,199,055

)

Keppel

Ltd.

(2)

(

349,800

)

(

3,222,437

)

Sea

Ltd.,

ADR

(

51,905

)

(

4,298,253

)

INVESTMENTS

SHARES

VALUE

($)

Singapore

-

(1.5)%

(continued)

Sembcorp

Industries

Ltd.

(2)

(

556,900

)

(

2,892,072

)

Singapore

Technologies

Engineering

Ltd.

(2)

(

160,400

)

(

1,361,352

)

Singapore

Telecommunications

Ltd.

(

156,600

)

(

601,699

)

STMicroelectronics

NV

(2)

(

219,915

)

(

7,483,402

)

(34,996,307)

South

Africa

-

(

0

.2

)

%

Anglo

American

plc

(2)

(

73,048

)

(

3,136,359

)

Old

Mutual

Ltd.

(

470,474

)

(

386,086

)

(3,522,445)

South

Korea

-

(

0

.0

)

%

†

Delivery

Hero

SE

(2)(c)

(

4,506

)

(

83,727

)

Spain

-

(

1

.3

)

%

Amadeus

IT

Group

SA

(2)

(

31,186

)

(

1,783,239

)

Cellnex

Telecom

SA

(2)(c)

(

373,179

)

(

11,999,472

)

Fluidra

SA

(2)

(

104,182

)

(

2,416,620

)

Grifols

SA

(2)

(

206,983

)

(

2,165,461

)

Indra

Sistemas

SA

(2)

(

80,422

)

(

4,494,820

)

Redeia

Corp.

SA

(2)

(

169,269

)

(

2,869,168

)

Telefonica

SA

(2)

(

630,270

)

(

2,757,767

)

(28,486,547)

Sweden

-

(

2

.3

)

%

AAK

AB

(2)

(

55,795

)

(

1,436,872

)

AddTech

AB,

Class

B

(2)

(

32,549

)

(

1,116,917

)

Alfa

Laval

AB

(2)

(

39,226

)

(

2,145,661

)

Assa

Abloy

AB,

Class

B

(2)

(

130,540

)

(

4,718,746

)

Atlas

Copco

AB,

Class

A

(2)

(

188,185

)

(

3,320,868

)

Autoliv,

Inc.

(

7,047

)

(

741,063

)

Axfood

AB

(

43,680

)

(

1,484,354

)

Beijer

Ref

AB,

Class

B

(2)

(

103,169

)

(

1,430,245

)

Castellum

AB

(2)

(

79,469

)

(

919,209

)

Epiroc

AB,

Class

A

(2)

(

17,793

)

(

438,008

)

EQT

AB

(2)

(

244,435

)

(

7,584,255

)

Fastighets

AB

Balder,

Class

B

(2)

(

77,657

)

(

454,807

)

Hexagon

AB,

Class

B

(2)

(

334,582

)

(

3,256,191

)

Holmen

AB,

Class

B

(2)

(

48,199

)

(

1,728,413

)

Lifco

AB,

Class

B

(2)

(

77,622

)

(

2,348,252

)

Nibe

Industrier

AB,

Class

B

(2)

(

1,363,977

)

(

5,699,292

)

Nordnet

AB

publ

(2)

(

4,341

)

(

141,361

)

Sagax

AB,

Class

B

(2)

(

116,670

)

(

2,152,856

)

Svenska

Cellulosa

AB

SCA,

Class

B

(2)

(

335,882

)

(

3,894,339

)

Svenska

Handelsbanken

AB,

Class

A

(2)

(

325,469

)

(

4,290,894

)

Volvo

AB,

Class

B

(2)

(

81,550

)

(

2,681,308

)

(51,983,911)

Switzerland

-

(

3

.7

)

%

Accelleron

Industries

AG

(2)

(

2,253

)

(

203,640

)

Bachem

Holding

AG,

Class

B

(2)

(

37,815

)

(

3,120,336

)

Banque

Cantonale

Vaudoise

(Registered)

(2)

(

21,176

)

(

3,444,176

)

Barry

Callebaut

AG

(Registered)

(2)

(

3,291

)

(

5,787,538

)

Belimo

Holding

AG

(Registered)

(2)

(

2,175

)

(

1,766,424

)

Chocoladefabriken

Lindt

&

Spruengli

AG

(2)

(

74

)

(

1,039,107

)

Clariant

AG

(Registered)

(2)

(

112,457

)

(

1,103,313

)

350

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Switzerland

-

(3.7)%

(continued)

DSM-Firmenich

AG

(2)

(

43,572

)

(

3,116,447

)

EMS-Chemie

Holding

AG

(Registered)

(2)

(

1,268

)

(

997,015

)

Galderma

Group

AG

(2)

(

4,673

)

(

918,403

)

Julius

Baer

Group

Ltd.

(2)

(

53,689

)

(

3,949,041

)

Kuehne

+

Nagel

International

AG

(Registered)

(2)

(

16,955

)

(

3,882,784

)

Lonza

Group

AG

(Registered)

(2)

(

4,672

)

(

2,997,175

)

Partners

Group

Holding

AG

(2)

(

11,335

)

(

12,217,326

)

SIG

Group

AG

(2)

(

340,272

)

(

5,100,794

)

Sika

AG

(Registered)

(2)

(

23,310

)

(

3,858,231

)

Sonova

Holding

AG

(Registered)

(2)

(

1

)

(

228

)

Straumann

Holding

AG

(Registered)

(2)

(

61,271

)

(

6,410,364

)

Sulzer

AG

(Registered)

(2)

(

1,056

)

(

221,386

)

Swatch

Group

AG

(The)

(2)

(

18,753

)

(

4,139,941

)

Swiss

Life

Holding

AG

(Registered)

(2)

(

7,311

)

(

7,963,239

)

Swissquote

Group

Holding

SA

(Registered)

(2)

(

4

)

(

1,987

)

UBS

Group

AG

(Registered)

(2)

(

104,891

)

(

4,090,056

)

VAT

Group

AG

(2)(c)

(

11,631

)

(

7,255,903

)

Ypsomed

Holding

AG

(Registered)

(2)

(

1,517

)

(

531,809

)

(84,116,663)

Thailand

-

(

0

.4

)

%

Fabrinet

(

15,662

)

(

8,168,046

)

United

Kingdom

-

(

4

.6

)

%

Admiral

Group

plc

(2)

(

56,023

)

(

2,343,205

)

Associated

British

Foods

plc

(2)

(

86,830

)

(

2,173,559

)

BAE

Systems

plc

(2)

(

215,187

)

(

6,308,961

)

Bellway

plc

(2)

(

33,889

)

(

833,397

)

Berkeley

Group

Holdings

plc

(2)

(

16,988

)

(

778,202

)

Bunzl

plc

(2)

(

56,979

)

(

1,715,378

)

Burberry

Group

plc

(2)

(

85,922

)

(

1,257,220

)

Convatec

Group

plc

(2)(c)

(

90,134

)

(

259,986

)

Croda

International

plc

(2)

(

130,877

)

(

4,914,786

)

Diageo

plc

(2)

(

669,702

)

(

12,454,592

)

Diploma

plc

(2)

(

39,568

)

(

3,159,188

)

Entain

plc

(2)

(

31,310

)

(

235,213

)

Halma

plc

(2)

(

998

)

(

50,929

)

Hiscox

Ltd.

(2)

(

66,485

)

(

1,342,004

)

ICG

plc

(2)

(

62,782

)

(

1,287,613

)

IMI

plc

(2)

(

10

)

(

340

)

Informa

plc

(2)

(

741,017

)

(

7,442,565

)

ITV

plc

(2)

(

136,800

)

(

138,354

)

Land

Securities

Group

plc,

REIT

(2)

(

122,223

)

(

901,547

)

Legal

&

General

Group

plc

(2)

(

3,353,029

)

(

11,019,175

)

LondonMetric

Property

plc,

REIT

(2)

(

26

)

(

63

)

M&G

plc

(2)

(

1,041,885

)

(

3,784,579

)

Man

Group

plc

(2)

(

19,006

)

(

63,984

)

Melrose

Industries

plc

(2)

(

344,491

)

(

2,334,340

)

Ocado

Group

plc

(2)

(

675,984

)

(

1,623,672

)

Pennon

Group

plc

(

261,812

)

(

1,834,899

)

Persimmon

plc

(2)

(

198,950

)

(

2,840,092

)

Reckitt

Benckiser

Group

plc

(2)

(

27,433

)

(

1,844,604

)

RELX

plc

(2)

(

127,435

)

(

4,175,073

)

Rentokil

Initial

plc

(2)

(

879,905

)

(

5,460,627

)

INVESTMENTS

SHARES

VALUE

($)

United

Kingdom

-

(4.6)%

(continued)

RS

GROUP

plc

(2)

(

148,677

)

(

1,113,285

)

Severn

Trent

plc

(2)

(

44,799

)

(

1,837,370

)

Smith

&

Nephew

plc

(2)

(

1

)

(

16

)

Spirax

Group

plc

(2)

(

22,235

)

(

1,994,788

)

SSE

plc

(2)

(

197,869

)

(

6,840,055

)

Tate

&

Lyle

plc

(

228,306

)

(

1,093,913

)

Taylor

Wimpey

plc

(2)

(

797,286

)

(

946,953

)

Unilever

plc

(2)

(

84,103

)

(

4,617,203

)

Weir

Group

plc

(The)

(2)

(

4,735

)

(

177,575

)

Whitbread

plc

(2)

(

29,649

)

(

911,567

)

Wise

plc,

Class

A

(2)

(

95,745

)

(

1,152,979

)

WPP

plc

(2)

(

358,000

)

(

1,119,635

)

(104,383,486)

United

States

-

(

93

.4

)

%

AAON,

Inc.

(

190,550

)

(

15,768,013

)

Abbott

Laboratories

(

27,790

)

(

2,853,199

)

AbbVie,

Inc.

(

18,639

)

(

4,053,796

)

Acadia

Healthcare

Co.,

Inc.

(

382,282

)

(

8,941,576

)

Advanced

Drainage

Systems,

Inc.

(

4,153

)

(

569,501

)

Advanced

Micro

Devices,

Inc.

(

19,278

)

(

3,921,724

)

AeroVironment,

Inc.

(

42,880

)

(

7,849,184

)

AES

Corp.

(The)

(

190,883

)

(

2,689,541

)

Affirm

Holdings,

Inc.,

Class

A

(

74,180

)

(

3,398,928

)

Aflac,

Inc.

(

12,657

)

(

1,388,599

)

Agilent

Technologies,

Inc.

(

19,826

)

(

2,259,767

)

Agree

Realty

Corp.,

REIT

(

24,024

)

(

1,810,929

)

Air

Products

and

Chemicals,

Inc.

(

72,075

)

(

20,937,066

)

Akamai

Technologies,

Inc.

(

49,454

)

(

5,679,792

)

Alaska

Air

Group,

Inc.

(

187,959

)

(

6,913,132

)

Alcon

AG

(2)

(

22,343

)

(

1,688,912

)

Alexandria

Real

Estate

Equities,

Inc.,

REIT

(

64,682

)

(

3,002,538

)

Alliant

Energy

Corp.

(

37,060

)

(

2,659,426

)

Alphabet,

Inc.,

Class

A

(

83,451

)

(

23,997,169

)

Amazon.com,

Inc.

(

129,934

)

(

27,061,353

)

Amcor

plc

(

374,820

)

(

14,899,095

)

Amentum

Holdings,

Inc.

(

13,692

)

(

357,087

)

American

Financial

Group,

Inc.

(

10,353

)

(

1,322,182

)

American

Homes

4

Rent,

Class

A,

REIT

(

24,201

)

(

675,692

)

American

Tower

Corp.,

REIT

(

46,153

)

(

7,965,085

)

Americold

Realty

Trust,

Inc.,

REIT

(

272,566

)

(

3,123,606

)

Aon

plc,

Class

A

(

22,541

)

(

7,275,784

)

Apellis

Pharmaceuticals,

Inc.

(

98,324

)

(

3,955,575

)

Apollo

Global

Management,

Inc.

(

61,841

)

(

6,890,324

)

Apple,

Inc.

(

55,372

)

(

14,052,860

)

AptarGroup,

Inc.

(

17,728

)

(

2,234,083

)

Aptiv

plc

(

5,366

)

(

372,615

)

Arthur

J

Gallagher

&

Co.

(

63,639

)

(

13,782,935

)

Ashland,

Inc.

(

27,717

)

(

1,541,342

)

AST

SpaceMobile,

Inc.

(

86,113

)

(

7,136,184

)

Aurora

Innovation,

Inc.

(

898,947

)

(

3,703,662

)

Automatic

Data

Processing,

Inc.

(

7,219

)

(

1,466,756

)

AutoZone,

Inc.

(

3,227

)

(

10,900,096

)

AvalonBay

Communities,

Inc.,

REIT

(

27,962

)

(

4,567,593

)

Avantor,

Inc.

(

76,148

)

(

597,000

)

Avery

Dennison

Corp.

(

13,890

)

(

2,398,525

)

Avis

Budget

Group,

Inc.

(

21,078

)

(

3,074,226

)

Axon

Enterprise,

Inc.

(

20,609

)

(

8,752,436

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

351

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(93.4)%

(continued)

Baker

Hughes

Co.,

Class

A

(

26,385

)

(

1,610,804

)

Ball

Corp.

(

74,862

)

(

4,425,093

)

Bank

of

America

Corp.

(

83,580

)

(

4,074,525

)

Bath

&

Body

Works,

Inc.

(

21,762

)

(

406,297

)

Baxter

International,

Inc.

(

187,031

)

(

3,142,121

)

Becton

Dickinson

&

Co.

(

16,636

)

(

2,615,678

)

BellRing

Brands,

Inc.

(

52,532

)

(

845,240

)

Bentley

Systems,

Inc.,

Class

B

(

37,403

)

(

1,313,593

)

BILL

Holdings,

Inc.

(

78,242

)

(

2,996,669

)

Bio-Techne

Corp.

(

63,263

)

(

3,306,124

)

BJ's

Wholesale

Club

Holdings,

Inc.

(

19,549

)

(

1,924,013

)

Blackrock,

Inc.

(

7,653

)

(

7,359,967

)

Blackstone,

Inc.

(

85,040

)

(

9,778,750

)

Block,

Inc.,

Class

A

(

56,216

)

(

3,383,079

)

Blue

Owl

Capital,

Inc.,

Class

A

(

96,025

)

(

876,708

)

Boeing

Co.

(The)

(

10,985

)

(

2,186,345

)

Booz

Allen

Hamilton

Holding

Corp.,

Class

A

(

7,696

)

(

600,519

)

Boston

Scientific

Corp.

(

48,772

)

(

3,060,443

)

Bright

Horizons

Family

Solutions,

Inc.

(

11,000

)

(

903,430

)

Broadcom,

Inc.

(

13,786

)

(

4,266,905

)

Broadridge

Financial

Solutions,

Inc.

(

8,787

)

(

1,427,712

)

Brown

&

Brown,

Inc.

(

159,377

)

(

10,392,974

)

Brown-Forman

Corp.,

Class

B

(

122,189

)

(

3,230,677

)

Bruker

Corp.

(

107,413

)

(

3,879,758

)

Brunswick

Corp.

(

21,146

)

(

1,538,583

)

Builders

FirstSource,

Inc.

(

22,672

)

(

1,866,586

)

Bunge

Global

SA

(

85,489

)

(

10,874,201

)

Burlington

Stores,

Inc.

(

9,632

)

(

3,134,060

)

BWX

Technologies,

Inc.

(

27,944

)

(

5,714,269

)

BXP,

Inc.,

REIT

(

95,904

)

(

4,977,418

)

CACI

International,

Inc.,

Class

A

(

1,537

)

(

835,928

)

Cadence

Design

Systems,

Inc.

(

10,850

)

(

3,014,890

)

Caesars

Entertainment,

Inc.

(

61,612

)

(

1,628,405

)

Camden

Property

Trust,

REIT

(

21

)

(

2,051

)

Campbell's

Co.

(The)

(

85,100

)

(

1,895,177

)

Carlisle

Cos.,

Inc.

(

1,369

)

(

456,726

)

Carrier

Global

Corp.

(

279,196

)

(

15,721,527

)

Carvana

Co.,

Class

A

(

22,847

)

(

7,182,640

)

Casey's

General

Stores,

Inc.

(

1,057

)

(

769,348

)

Caterpillar,

Inc.

(

16,085

)

(

11,395,579

)

Cava

Group,

Inc.

(

85,184

)

(

6,891,386

)

CBRE

Group,

Inc.,

Class

A

(

35,021

)

(

4,743,945

)

CCC

Intelligent

Solutions

Holdings,

Inc.

(

28,804

)

(

172,824

)

Celanese

Corp.,

Class

A

(

69,684

)

(

4,583,117

)

Celsius

Holdings,

Inc.

(

48,644

)

(

1,725,889

)

CenterPoint

Energy,

Inc.

(

135,962

)

(

5,868,120

)

Certara,

Inc.

(

427,663

)

(

2,437,679

)

Charles

Schwab

Corp.

(The)

(

76,990

)

(

7,235,520

)

Cheniere

Energy,

Inc.

(

22,365

)

(

6,346,292

)

Chevron

Corp.

(

46,354

)

(

9,590,643

)

Chipotle

Mexican

Grill,

Inc.,

Class

A

(

142,096

)

(

4,548,493

)

Chord

Energy

Corp.

(

19,899

)

(

2,829,240

)

Church

&

Dwight

Co.,

Inc.

(

23,665

)

(

2,208,418

)

Churchill

Downs,

Inc.

(

21,270

)

(

1,910,684

)

Cisco

Systems,

Inc.

(

135,165

)

(

10,487,452

)

Citigroup,

Inc.

(

118,883

)

(

13,482,521

)

Clean

Harbors,

Inc.

(

8,577

)

(

2,459,283

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(93.4)%

(continued)

Clearway

Energy,

Inc.,

Class

C

(

96,052

)

(

3,773,883

)

Cleveland-Cliffs,

Inc.

(

244,239

)

(

2,063,820

)

Clorox

Co.

(The)

(

24,147

)

(

2,502,354

)

Cloudflare,

Inc.,

Class

A

(

29,309

)

(

6,047,619

)

CMS

Energy

Corp.

(

19,645

)

(

1,524,059

)

CNH

Industrial

NV

(

185,826

)

(

2,044,086

)

CNH

Industrial

NV

(2)

(

19,351

)

(

210,586

)

Coca-Cola

Co.

(The)

(

103,385

)

(

7,862,429

)

Coherent

Corp.

(

20,458

)

(

4,873,300

)

Coinbase

Global,

Inc.,

Class

A

(

52,623

)

(

9,188,502

)

Commvault

Systems,

Inc.

(

14,366

)

(

1,118,968

)

ConocoPhillips

(

34,085

)

(

4,499,220

)

Constellation

Energy

Corp.

(

27,290

)

(

7,620,733

)

Cooper

Cos.,

Inc.

(The)

(

32,894

)

(

2,351,921

)

Corcept

Therapeutics,

Inc.

(

57,229

)

(

2,306,901

)

Corpay,

Inc.

(

575

)

(

167,319

)

CoStar

Group,

Inc.

(

258,610

)

(

10,432,327

)

Coty,

Inc.,

Class

A

(

8

)

(

16

)

Cousins

Properties,

Inc.,

REIT

(

26,527

)

(

598,714

)

Crane

NXT

Co.

(

67,573

)

(

2,742,788

)

Credit

Acceptance

Corp.

(

3,042

)

(

1,288,165

)

CRH

plc

(

6

)

(

631

)

Crowdstrike

Holdings,

Inc.,

Class

A

(

22,667

)

(

8,849,423

)

Crown

Castle,

Inc.,

REIT

(

51,032

)

(

4,149,412

)

CSX

Corp.

(

251,133

)

(

10,309,010

)

Cullen/Frost

Bankers,

Inc.

(

32,380

)

(

4,438,650

)

Cummins,

Inc.

(

7,890

)

(

4,244,978

)

Cytokinetics,

Inc.

(

59,803

)

(

3,941,616

)

Danaher

Corp.

(

1,843

)

(

349,433

)

DaVita,

Inc.

(

9,641

)

(

1,481,725

)

Deere

&

Co.

(

40,256

)

(

22,676,204

)

DENTSPLY

SIRONA,

Inc.

(

40,389

)

(

468,512

)

Diamondback

Energy,

Inc.

(

34,266

)

(

6,777,472

)

Dick's

Sporting

Goods,

Inc.

(

108,283

)

(

21,471,435

)

Digital

Realty

Trust,

Inc.,

REIT

(

37,921

)

(

6,833,743

)

DoorDash,

Inc.,

Class

A

(

35,585

)

(

5,343,088

)

Dover

Corp.

(

16,369

)

(

3,412,118

)

Dow,

Inc.

(

326,499

)

(

13,598,683

)

Doximity,

Inc.,

Class

A

(

33,940

)

(

790,802

)

DR

Horton,

Inc.

(

60,379

)

(

8,285,206

)

DTE

Energy

Co.

(

7,483

)

(

1,094,164

)

Duke

Energy

Corp.

(

39,294

)

(

5,145,156

)

Dutch

Bros,

Inc.,

Class

A

(

143,343

)

(

7,261,756

)

Eagle

Materials,

Inc.

(

10,244

)

(

1,940,726

)

EastGroup

Properties,

Inc.,

REIT

(

6,672

)

(

1,234,920

)

Eastman

Chemical

Co.

(

21,067

)

(

1,607,833

)

Eaton

Corp.

plc

(

15,812

)

(

5,655,478

)

EchoStar

Corp.,

Class

A

(

95,384

)

(

11,166,605

)

Edwards

Lifesciences

Corp.

(

17,317

)

(

1,386,745

)

elf

Beauty,

Inc.

(

77,420

)

(

4,692,426

)

Eli

Lilly

&

Co.

(

13,628

)

(

12,534,626

)

Emerson

Electric

Co.

(

42,120

)

(

5,518,562

)

Enphase

Energy,

Inc.

(

250,439

)

(

9,469,099

)

Entegris,

Inc.

(

86,182

)

(

10,103,978

)

Equifax,

Inc.

(

8,865

)

(

1,596,321

)

Equinix,

Inc.,

REIT

(

3,790

)

(

3,715,110

)

Equitable

Holdings,

Inc.

(

62,910

)

(

2,334,590

)

Equity

LifeStyle

Properties,

Inc.,

REIT

(

74,818

)

(

4,670,140

)

Erie

Indemnity

Co.,

Class

A

(

9,195

)

(

2,310,795

)

352

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(93.4)%

(continued)

Esab

Corp.

(

22,121

)

(

2,138,216

)

Essex

Property

Trust,

Inc.,

REIT

(

3,119

)

(

754,798

)

Experian

plc

(2)

(

98,387

)

(

3,403,649

)

Extra

Space

Storage,

Inc.,

REIT

(

33,858

)

(

4,439,800

)

Exxon

Mobil

Corp.

(

33,505

)

(

5,684,458

)

FactSet

Research

Systems,

Inc.

(

2,297

)

(

498,426

)

Fastenal

Co.

(

4

)

(

186

)

Federal

Realty

Investment

Trust,

REIT

(

30,090

)

(

3,195,859

)

Ferrovial

SE

(2)

(

75,523

)

(

4,913,257

)

First

Citizens

BancShares,

Inc.,

Class

A

(

4,295

)

(

8,094,615

)

Flagstar

Bank

NA

(

348,226

)

(

4,586,136

)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(

77,362

)

(

3,929,990

)

Flutter

Entertainment

plc

(

67,289

)

(

6,860,114

)

FMC

Corp.

(

153,236

)

(

2,638,724

)

Ford

Motor

Co.

(

98,999

)

(

1,142,448

)

Fortive

Corp.

(

14,197

)

(

784,810

)

Freshpet,

Inc.

(

28,394

)

(

1,674,110

)

FTI

Consulting,

Inc.

(

6,483

)

(

1,146,000

)

Garmin

Ltd.

(

35,199

)

(

8,166,520

)

GATX

Corp.

(

9,515

)

(

1,624,591

)

GE

HealthCare

Technologies,

Inc.

(

52,763

)

(

3,755,670

)

Generac

Holdings,

Inc.

(

6,531

)

(

1,275,700

)

General

Mills,

Inc.

(

33,176

)

(

1,234,811

)

Gentex

Corp.

(

55,023

)

(

1,202,253

)

Genuine

Parts

Co.

(

62,931

)

(

6,654,953

)

GFL

Environmental,

Inc.

(

40,413

)

(

1,685,836

)

Gilead

Sciences,

Inc.

(

14,685

)

(

2,046,648

)

Glacier

Bancorp,

Inc.

(

57,767

)

(

2,580,452

)

Globant

SA

(

94,982

)

(

4,379,620

)

Globus

Medical,

Inc.,

Class

A

(

17,703

)

(

1,525,290

)

Goldman

Sachs

Group,

Inc.

(The)

(

3,943

)

(

3,335,739

)

Goodyear

Tire

&

Rubber

Co.

(The)

(

168,477

)

(

1,117,003

)

Graphic

Packaging

Holding

Co.

(

69,972

)

(

695,522

)

Guidewire

Software,

Inc.

(

5,395

)

(

806,876

)

Haleon

plc

(2)

(

519,020

)

(

2,568,627

)

Halliburton

Co.

(

10,374

)

(

404,482

)

Hamilton

Lane,

Inc.,

Class

A

(

10,572

)

(

1,050,857

)

Hayward

Holdings,

Inc.

(

10

)

(

134

)

Healthcare

Realty

Trust,

Inc.,

REIT

(

49,092

)

(

834,073

)

Healthpeak

Properties,

Inc.,

REIT

(

19,506

)

(

320,484

)

Henry

Schein,

Inc.

(

44,025

)

(

3,244,643

)

Hershey

Co.

(The)

(

34,107

)

(

7,090,504

)

Hewlett

Packard

Enterprise

Co.

(

92,111

)

(

2,193,163

)

Hilton

Grand

Vacations,

Inc.

(

124,414

)

(

4,867,076

)

Hims

&

Hers

Health,

Inc.

(

70,247

)

(

1,458,328

)

Home

Depot,

Inc.

(The)

(

78,815

)

(

25,921,464

)

Hormel

Foods

Corp.

(

75,243

)

(

1,704,254

)

Hubbell,

Inc.,

Class

B

(

16,374

)

(

8,035,377

)

Huntington

Bancshares,

Inc.

(

62,919

)

(

984,682

)

Huntsman

Corp.

(

209,610

)

(

2,789,909

)

Hyatt

Hotels

Corp.,

Class

A

(

39,114

)

(

5,624,202

)

IDACORP,

Inc.

(

35,250

)

(

5,039,693

)

IDEX

Corp.

(

13,661

)

(

2,589,443

)

Independence

Realty

Trust,

Inc.,

REIT

(

164,128

)

(

2,443,866

)

Ingersoll

Rand,

Inc.

(

57,379

)

(

4,597,205

)

Inspire

Medical

Systems,

Inc.

(

60,275

)

(

3,108,985

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(93.4)%

(continued)

Intercontinental

Exchange,

Inc.

(

2,379

)

(

374,169

)

International

Business

Machines

Corp.

(

16,628

)

(

4,030,461

)

International

Flavors

&

Fragrances,

Inc.

(

42,412

)

(

3,076,991

)

International

Paper

Co.

(

322,822

)

(

11,524,745

)

Intuit,

Inc.

(

3,622

)

(

1,566,080

)

Intuitive

Surgical,

Inc.

(

28,442

)

(

13,111,478

)

Invitation

Homes,

Inc.,

REIT

(

84,862

)

(

2,108,821

)

Ionis

Pharmaceuticals,

Inc.

(

21,517

)

(

1,615,712

)

IonQ,

Inc.

(

387,437

)

(

11,169,809

)

IPG

Photonics

Corp.

(

21,708

)

(

2,487,520

)

Iridium

Communications,

Inc.

(

84,092

)

(

2,332,712

)

Iron

Mountain,

Inc.,

REIT

(

61,322

)

(

6,263,429

)

J

M

Smucker

Co.

(The)

(

40,153

)

(

3,872,355

)

James

Hardie

Industries

plc,

ADR

(

86,536

)

(

1,638,992

)

James

Hardie

Industries

plc,

CHESS

(2)

(

374,465

)

(

6,905,418

)

JBS

NV,

Class

A

(

24,259

)

(

435,692

)

Jefferies

Financial

Group,

Inc.

(

25,890

)

(

1,068,480

)

Johnson

&

Johnson

(

28,677

)

(

7,009,806

)

JPMorgan

Chase

&

Co.

(

87,997

)

(

25,885,197

)

KB

Home

(

71,470

)

(

3,698,573

)

KBR,

Inc.

(

35,246

)

(

1,299,168

)

Kemper

Corp.

(

21,482

)

(

656,490

)

Keurig

Dr

Pepper,

Inc.

(

34,358

)

(

904,646

)

Kimberly-Clark

Corp.

(

3

)

(

289

)

Kinsale

Capital

Group,

Inc.

(

7,913

)

(

2,703,556

)

Kite

Realty

Group

Trust,

REIT

(

155,822

)

(

3,825,430

)

KKR

&

Co.,

Inc.

(

79,658

)

(

7,368,365

)

Knife

River

Corp.

(

19,734

)

(

1,611,281

)

Kratos

Defense

&

Security

Solutions,

Inc.

(

66,414

)

(

4,682,851

)

Labcorp

Holdings,

Inc.

(

16,643

)

(

4,440,519

)

Lamb

Weston

Holdings,

Inc.

(

57,161

)

(

2,415,624

)

Lantheus

Holdings,

Inc.

(

44,067

)

(

3,342,482

)

Lennar

Corp.,

Class

A

(

1

)

(

87

)

Lennox

International,

Inc.

(

19,703

)

(

9,144,753

)

Leonardo

DRS,

Inc.

(

39

)

(

1,736

)

Liberty

Live

Holdings,

Inc.,

Class

C

(

12,931

)

(

1,216,936

)

Liberty

Media

Corp-Liberty

Formula

One,

Class

A

(

11,076

)

(

864,814

)

Linde

plc

(

27,383

)

(

13,575,396

)

Lineage,

Inc.,

REIT

(

1

)

(

33

)

Live

Nation

Entertainment,

Inc.

(

24,334

)

(

3,711,178

)

LKQ

Corp.

(

82,504

)

(

2,423,142

)

Loar

Holdings,

Inc.

(

5,157

)

(

295,445

)

Louisiana-Pacific

Corp.

(

23,362

)

(

1,699,586

)

Lowe's

Cos.,

Inc.

(

46,150

)

(

10,904,322

)

LPL

Financial

Holdings,

Inc.

(

32,200

)

(

9,686,726

)

Lululemon

Athletica,

Inc.

(

13,803

)

(

2,113,239

)

LyondellBasell

Industries

NV,

Class

A

(

78,609

)

(

6,332,741

)

Madison

Square

Garden

Sports

Corp.,

Class

A

(

5,815

)

(

1,868,941

)

MarketAxess

Holdings,

Inc.

(

4,781

)

(

788,769

)

Marriott

International,

Inc.,

Class

A

(

26,256

)

(

8,587,550

)

Marsh

&

McLennan

Cos.,

Inc.

(

25,816

)

(

4,477,785

)

Martin

Marietta

Materials,

Inc.

(

651

)

(

383,231

)

Marvell

Technology,

Inc.

(

30,836

)

(

3,054,306

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

353

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(93.4)%

(continued)

MasTec,

Inc.

(

11,342

)

(

3,649,175

)

McCormick

&

Co.,

Inc.

(Non-Voting)

(

62,270

)

(

3,140,899

)

McDonald's

Corp.

(

9,140

)

(

2,840,621

)

MDU

Resources

Group,

Inc.

(

82,386

)

(

1,707,038

)

Merck

&

Co.,

Inc.

(

77,226

)

(

9,289,516

)

Meta

Platforms,

Inc.,

Class

A

(

35,255

)

(

20,170,443

)

MGM

Resorts

International

(

24,812

)

(

918,292

)

Microchip

Technology,

Inc.

(

49,198

)

(

3,178,683

)

Microsoft

Corp.

(

40,644

)

(

15,045,189

)

Mid-America

Apartment

Communities,

Inc.,

REIT

(

10

)

(

1,221

)

Moderna,

Inc.

(

57,427

)

(

2,917,292

)

Molina

Healthcare,

Inc.

(

101,419

)

(

13,519,153

)

Mondelez

International,

Inc.,

Class

A

(

270,460

)

(

15,589,314

)

Morgan

Stanley

(

98,209

)

(

16,162,255

)

Motorola

Solutions,

Inc.

(

13,088

)

(

5,679,799

)

MP

Materials

Corp.

(

138,045

)

(

6,662,052

)

MSA

Safety,

Inc.

(

9,065

)

(

1,486,207

)

National

Storage

Affiliates

Trust,

REIT

(

113,429

)

(

4,280,810

)

nCino,

Inc.

(

176,933

)

(

2,650,456

)

Nestle

SA

(Registered)

(2)

(

49,077

)

(

4,814,015

)

Netflix,

Inc.

(

65,236

)

(

6,272,441

)

Newell

Brands,

Inc.

(

435,270

)

(

1,492,976

)

NextEra

Energy,

Inc.

(

129,370

)

(

12,015,886

)

Nextpower,

Inc.,

Class

A

(

10,664

)

(

1,285,545

)

NIKE,

Inc.,

Class

B

(

295,204

)

(

15,592,675

)

Nordson

Corp.

(

6,527

)

(

1,736,574

)

Northrop

Grumman

Corp.

(

6,643

)

(

4,532,120

)

Norwegian

Cruise

Line

Holdings

Ltd.

(

327,926

)

(

6,132,216

)

Novanta,

Inc.

(

36,534

)

(

4,315,031

)

NRG

Energy,

Inc.

(

42,345

)

(

6,188,298

)

Occidental

Petroleum

Corp.

(

90,260

)

(

5,866,900

)

Oklo,

Inc.

(

49,038

)

(

2,431,794

)

Old

Dominion

Freight

Line,

Inc.

(

21,375

)

(

4,176,675

)

Old

National

Bancorp

(

82,223

)

(

1,817,128

)

Olin

Corp.

(

321,147

)

(

9,547,700

)

Ollie's

Bargain

Outlet

Holdings,

Inc.

(

15,444

)

(

1,421,466

)

ON

Semiconductor

Corp.

(

11,646

)

(

721,120

)

ONEOK,

Inc.

(

79,951

)

(

7,226,771

)

Option

Care

Health,

Inc.

(

100,063

)

(

2,693,696

)

Oracle

Corp.

(

175,742

)

(

25,853,405

)

O'Reilly

Automotive,

Inc.

(

49,282

)

(

4,549,221

)

Organon

&

Co.

(

63,981

)

(

383,246

)

Owens

Corning

(

11,755

)

(

1,272,126

)

PACCAR,

Inc.

(

14,400

)

(

1,663,200

)

Packaging

Corp.

of

America

(

38,138

)

(

8,093,646

)

Palantir

Technologies,

Inc.,

Class

A

(

16,894

)

(

2,471,254

)

Park

Hotels

&

Resorts,

Inc.,

REIT

(

113,238

)

(

1,192,396

)

Parker-Hannifin

Corp.

(

9,823

)

(

8,793,943

)

Parsons

Corp.

(

96,290

)

(

5,216,029

)

Paychex,

Inc.

(

45,796

)

(

4,218,728

)

Paylocity

Holding

Corp.

(

20,357

)

(

2,199,370

)

PayPal

Holdings,

Inc.

(

1

)

(

45

)

Performance

Food

Group

Co.

(

8,042

)

(

688,878

)

Perrigo

Co.

plc

(

38,723

)

(

415,885

)

Pinterest,

Inc.,

Class

A

(

20,821

)

(

381,857

)

Planet

Fitness,

Inc.,

Class

A

(

7,313

)

(

543,941

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(93.4)%

(continued)

Plug

Power,

Inc.

(

361,755

)

(

817,566

)

Pool

Corp.

(

38,200

)

(

7,729,006

)

Power

Integrations,

Inc.

(

13,812

)

(

707,174

)

PPL

Corp.

(

88,315

)

(

3,373,633

)

Procter

&

Gamble

Co.

(The)

(

34,607

)

(

4,998,635

)

Progressive

Corp.

(The)

(

16,865

)

(

3,343,318

)

Prologis,

Inc.,

REIT

(

10,543

)

(

1,393,574

)

Public

Service

Enterprise

Group,

Inc.

(

59,177

)

(

4,790,378

)

Public

Storage,

REIT

(

6,461

)

(

1,750,156

)

QIAGEN

NV

(2)

(

4,005

)

(

162,242

)

Quanta

Services,

Inc.

(

29,392

)

(

16,136,796

)

QuantumScape

Corp.

(

1,160,005

)

(

7,400,832

)

Quest

Diagnostics,

Inc.

(

9,664

)

(

1,893,951

)

QXO,

Inc.

(

469,899

)

(

9,125,439

)

RBC

Bearings,

Inc.

(

644

)

(

349,769

)

Realty

Income

Corp.,

REIT

(

68,130

)

(

4,168,193

)

Reddit,

Inc.,

Class

A

(

12,103

)

(

1,629,669

)

Regency

Centers

Corp.,

REIT

(

25,451

)

(

1,925,623

)

Repligen

Corp.

(

30,163

)

(

3,553,805

)

Revvity,

Inc.

(

11,495

)

(

1,007,077

)

Rexford

Industrial

Realty,

Inc.,

REIT

(

99,307

)

(

3,250,318

)

RH

(

65,753

)

(

9,193,584

)

RLI

Corp.

(

39,063

)

(

2,228,154

)

Robinhood

Markets,

Inc.,

Class

A

(

105,359

)

(

7,301,379

)

Royal

Caribbean

Cruises

Ltd.

(

26,740

)

(

7,358,313

)

Royal

Gold,

Inc.

(

11,520

)

(

2,931,725

)

RTX

Corp.

(

31,998

)

(

6,172,414

)

Ryan

Specialty

Holdings,

Inc.,

Class

A

(

171,136

)

(

5,774,129

)

S&P

Global,

Inc.

(

3,369

)

(

1,432,970

)

Saia,

Inc.

(

19,976

)

(

7,017,169

)

Samsara,

Inc.,

Class

A

(

26,346

)

(

834,905

)

Sarepta

Therapeutics,

Inc.

(

1

)

(

22

)

SBA

Communications

Corp.,

REIT

(

15,242

)

(

2,623,301

)

Schneider

Electric

SE

(2)

(

45,638

)

(

12,430,952

)

Scotts

Miracle-Gro

Co.

(The)

(

5,230

)

(

318,036

)

Seagate

Technology

Holdings

plc

(

23,281

)

(

9,120,565

)

Sempra

(

81,580

)

(

7,927,129

)

SentinelOne,

Inc.,

Class

A

(

95,555

)

(

1,230,748

)

SharkNinja,

Inc.

(

43,316

)

(

4,587,164

)

Sherwin-Williams

Co.

(The)

(

5,933

)

(

1,901,823

)

Shift4

Payments,

Inc.,

Class

A

(

47,072

)

(

2,058,459

)

Silgan

Holdings,

Inc.

(

109,225

)

(

4,237,930

)

Simon

Property

Group,

Inc.,

REIT

(

18,279

)

(

3,409,582

)

Simpson

Manufacturing

Co.,

Inc.

(

1,922

)

(

329,854

)

Sirius

XM

Holdings,

Inc.

(

75,124

)

(

1,733,862

)

SLB

Ltd.

(

204,860

)

(

10,527,755

)

SLM

Corp.

(

248,294

)

(

5,315,975

)

SoFi

Technologies,

Inc.

(

555,655

)

(

8,823,801

)

Somnigroup

International,

Inc.

(

49,853

)

(

3,685,134

)

Sonoco

Products

Co.

(

47,573

)

(

2,573,224

)

Southern

Co.

(The)

(

84,516

)

(

8,157,484

)

SOUTHSTATE

BANK

Corp.

(

10,907

)

(

1,009,116

)

Sprouts

Farmers

Market,

Inc.

(

15,599

)

(

1,203,151

)

Starbucks

Corp.

(

174,069

)

(

15,594,842

)

Steel

Dynamics,

Inc.

(

8

)

(

1,440

)

Stellantis

NV

(2)

(

625,920

)

(

4,523,889

)

Strategy,

Inc.,

Class

A

(

42,125

)

(

5,257,200

)

Stryker

Corp.

(

10,924

)

(

3,589,517

)

354

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(93.4)%

(continued)

Summit

Therapeutics,

Inc.

(

196,392

)

(

3,723,592

)

Sunbelt

Rentals

Holdings,

Inc.

(2)

(

61,629

)

(

3,931,397

)

Super

Micro

Computer,

Inc.

(

525,023

)

(

11,954,774

)

Synopsys,

Inc.

(

56,660

)

(

22,464,556

)

Take-Two

Interactive

Software,

Inc.

(

4,044

)

(

798,690

)

Targa

Resources

Corp.

(

7,926

)

(

1,987,286

)

Teledyne

Technologies,

Inc.

(

5,798

)

(

3,507,848

)

Teleflex,

Inc.

(

49,385

)

(

5,906,940

)

Tempus

AI,

Inc.,

Class

A

(

175,259

)

(

7,925,212

)

Tesla,

Inc.

(

68,690

)

(

25,535,507

)

Texas

Capital

Bancshares,

Inc.

(

8,897

)

(

844,147

)

Texas

Instruments,

Inc.

(

12,287

)

(

2,385,398

)

Texas

Pacific

Land

Corp.

(

2,413

)

(

1,145,113

)

Thermo

Fisher

Scientific,

Inc.

(

18,277

)

(

8,983,694

)

Thor

Industries,

Inc.

(

1,804

)

(

144,122

)

TJX

Cos.,

Inc.

(The)

(

2

)

(

319

)

Toast,

Inc.,

Class

A

(

64,263

)

(

1,703,612

)

Toll

Brothers,

Inc.

(

43,750

)

(

5,970,563

)

TopBuild

Corp.

(

10,559

)

(

3,709,377

)

TPG,

Inc.

(

33,748

)

(

1,367,131

)

Tractor

Supply

Co.

(

43,391

)

(

1,965,612

)

Trade

Desk,

Inc.

(The),

Class

A

(

160,983

)

(

3,652,704

)

Trane

Technologies

plc

(

4,461

)

(

1,859,077

)

TransDigm

Group,

Inc.

(

3,502

)

(

4,058,678

)

TransUnion

(

35,649

)

(

2,466,554

)

Trex

Co.,

Inc.

(

133,139

)

(

4,848,922

)

Twilio,

Inc.,

Class

A

(

5,687

)

(

715,538

)

Tyler

Technologies,

Inc.

(

4,449

)

(

1,523,249

)

UDR,

Inc.,

REIT

(

272,065

)

(

9,190,356

)

U-Haul

Holding

Co.

(

2,687

)

(

120,028

)

Ultragenyx

Pharmaceutical,

Inc.

(

217,948

)

(

4,566,011

)

Under

Armour,

Inc.,

Class

A

(

626,122

)

(

3,700,381

)

Union

Pacific

Corp.

(

1

)

(

243

)

United

Airlines

Holdings,

Inc.

(

16,448

)

(

1,514,367

)

United

Parcel

Service,

Inc.,

Class

B

(

47,161

)

(

4,639,699

)

United

Rentals,

Inc.

(

4,930

)

(

3,591,801

)

UnitedHealth

Group,

Inc.

(

74,667

)

(

20,204,143

)

Unity

Software,

Inc.

(

164,843

)

(

3,616,655

)

Universal

Display

Corp.

(

37,546

)

(

3,441,466

)

UWM

Holdings

Corp.,

Class

A

(

66,756

)

(

241,657

)

Vail

Resorts,

Inc.

(

7,793

)

(

999,998

)

Valaris

Ltd.

(

3,252

)

(

318,826

)

Valvoline,

Inc.

(

115,523

)

(

3,890,815

)

Vertex

Pharmaceuticals,

Inc.

(

15,094

)

(

6,740,075

)

VF

Corp.

(

56,997

)

(

968,379

)

Viking

Therapeutics,

Inc.

(

76,445

)

(

2,487,520

)

Virtu

Financial,

Inc.,

Class

A

(

73,140

)

(

3,216,697

)

Visa,

Inc.,

Class

A

(

9,269

)

(

2,801,463

)

Vistra

Corp.

(

46,351

)

(

6,967,946

)

Vontier

Corp.

(

10,687

)

(

379,068

)

Vornado

Realty

Trust,

REIT

(

139,028

)

(

3,613,338

)

Vulcan

Materials

Co.

(

10,348

)

(

2,817,760

)

Walmart,

Inc.

(

135,871

)

(

16,886,048

)

Warner

Music

Group

Corp.,

Class

A

(

25,892

)

(

661,282

)

Waste

Connections,

Inc.

(

28,729

)

(

4,666,739

)

Waste

Management,

Inc.

(

78,281

)

(

17,988,191

)

Waters

Corp.

(

1,144

)

(

340,683

)

Watsco,

Inc.

(

19,949

)

(

7,257,247

)

Weatherford

International

plc

(

18,654

)

(

1,764,295

)

WEC

Energy

Group,

Inc.

(

24,265

)

(

2,809,159

)

INVESTMENTS

SHARES

VALUE

($)

United

States

-

(93.4)%

(continued)

Wells

Fargo

&

Co.

(

196,592

)

(

15,650,689

)

Welltower,

Inc.,

REIT

(

33,358

)

(

6,595,210

)

Wendy's

Co.

(The)

(

219,784

)

(

1,527,499

)

West

Pharmaceutical

Services,

Inc.

(

12,631

)

(

3,165,834

)

Western

Alliance

Bancorp

(

49,990

)

(

3,541,792

)

Westlake

Corp.

(

120,966

)

(

14,131,248

)

Weyerhaeuser

Co.,

REIT

(

404,676

)

(

9,886,235

)

Whirlpool

Corp.

(

17,267

)

(

931,037

)

White

Mountains

Insurance

Group

Ltd.

(

1,250

)

(

2,746,200

)

Williams

Cos.,

Inc.

(The)

(

98,174

)

(

7,145,104

)

Williams-Sonoma,

Inc.

(

36,720

)

(

6,695,158

)

WillScot

Holdings

Corp.

(

150,472

)

(

2,612,194

)

Wingstop,

Inc.

(

9,378

)

(

1,453,309

)

WP

Carey,

Inc.,

REIT

(

21,900

)

(

1,488,324

)

Wyndham

Hotels

&

Resorts,

Inc.

(

7,425

)

(

603,133

)

Xcel

Energy,

Inc.

(

72,564

)

(

5,764,484

)

Zillow

Group,

Inc.,

Class

C

(

41,034

)

(

1,697,987

)

Zoetis,

Inc.,

Class

A

(

19,164

)

(

2,265,376

)

ZoomInfo

Technologies,

Inc.,

Class

A

(

65,166

)

(

389,693

)

(2,123,309,392)

TOTAL

COMMON

STOCKS

(Proceeds

$(3,798,224,314))                                                    

(3,373,425,385)

PREFERRED

STOCKS

-

(0.6)%

Germany

-

(

0

.6

)

%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(2)(c)

(

125,449

)

(

5,714,745

)

Sartorius

AG

(Preference)

(2)

(

24,867

)

(

6,222,139

)

Volkswagen

AG

(Preference)

(2)

(

21,107

)

(

2,159,088

)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(18,751,316))                                                    

(14,095,972)

TOTAL

SHORT

POSITIONS

(Proceeds

$(3,816,975,630))

(3,387,521,357)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

62.2%

(Cost

$255,998,125)

1,414,446,190

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

37.8%

‡

858,130,504

NET

ASSETS

-

100.0%

2,272,576,694

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

355

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange,

futures,

swap

and

written

option

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$3,665,236,669,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

In

addition,

$627,217,557

of

cash

collateral

was

also

pledged.

(b)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$587,403,474.

(c)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$36,778,089

of

investments

in

securities

and

$(46,009,197)

of

securities

sold

short,

which

represents

1.62%

and

(2.02)%

of

net

assets

of

the

Fund,

respectively.

(d)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(e)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(f)

For

the

period

ended

March

31,

2026,

transactions

with

and

earnings

from

issuers

considered

to

be

an

affiliated

issuer

were

as

follows:

(g)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(h)

All

or

a

portion

of

the

security

pledged

as

collateral

for

swap

contracts.

(i)

Security

exempt

from

registration

pursuant

to

Regulation

S

under

the

Securities

Act

of

1933.

Regulation

S

applies

to

securities

offerings

that

are

made

outside

of

the

United

States

and

do

not

involve

direct

selling

efforts

in

the

United

States.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$(691,118)

of

securities

sold

short,

which

represents

(0.03)%

of

net

assets

of

the

Fund.

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(

28,667,858

)

(

1

.3

)

%

Consumer

Discretionary

(

136,776,819

)

(

6

.0

)

Consumer

Staples

6,591,744

0

.3

Energy

69,244,706

3

.0

Financials

220,071,297

9

.7

Health

Care

61,413,718

2

.7

Industrials

33,470,840

1

.5

Information

Technology

238,548,434

10

.5

Materials

(

33,526,065

)

(

1

.5

)

Purchased

Options

7,463,140

0

.3

Real

Estate

(

107,344,234

)

(

4

.7

)

Utilities

15,138,967

0

.7

Investment

Companies

609,421,539

26

.8

U.S.

Treasury

Obligations

459,396,781

20

.2

Total

Investments

In

Securities

At

Value

1,414,446,190

62

.2

Other

Assets

in

Excess

of

Liabilities

‡

858,130,504

37

.8

Net

Assets

$

2,272,576,694

100

.0

%

Affiliate

Value

At

12/31/2025

Purchases

At

Cost

Proceeds

From

Sales

Net

Realized

Gain

(Loss)

Net

Change

In

Unrealized

App/Dep

Value

At

3/31/2026

Shares

Held

At

3/31/2026

Distributions

Received**

SHORT-TERM

INVESTMENTS

-

25.2%

INVESTMENT

COMPANIES

-

25.2%

Limited

Purpose

Cash

Investment

Fund,

3.65%

(a)

(Cost

$571,790,683)

$613,001,339

$1,542,521,518

$(1,583,668,837)

$129

$(128)

$571,854,021

571,854,021

$6,327,571

**  

Distributions

received

include

dividend

income

and

capital

gains

distributions,

if

any,

from

the

underlying

fund.

(a)

Represents

7-day

effective

yield

as

of

March

31,

2026.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

356

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Written

put

option

contracts

(premium-style)

outstanding

as

of

March

31,

2026:

Over-the-Counter

D

ESCRIPTION

COUNTERPARTY

NUMBER

OF

CONTRACTS

NOTIONAL

AMOUNT

EXERCISE

PRICE

EXPIRATION

DATE

PREMIUM

PAID

(RECEIVED)

VALUE

S&P

500

Index

JPMC

153

USD

(

99,886,356

)

USD

5,600

6/18/2026

$

(

998,499

)

$

(

838,515

)

$

(

998,499

)

$

(

838,515

)

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2026:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.00%

Semi

6/21/2028

CAD

14,300,000

$

22,916

$

15,847

$

38,763

Pay

1D

CORRA

Semi

3.00%

Semi

6/21/2028

CAD

14,300,000

22,916

15,847

38,763

Pay

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

188,800,000

347,265

2,016

349,281

Pay

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

188,800,000

347,265

2,031

349,296

Pay

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

22,900,000

198,671

–

198,671

Pay

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

22,900,000

198,671

–

198,671

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

70,800,000

288,304

(

111,190

)

177,114

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

70,700,000

287,845

(

112,313

)

175,532

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

168,100,000

623,912

126,812

750,724

Pay

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

168,100,000

623,912

126,812

750,724

Pay

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

454,300,000

600,148

381,114

981,262

Pay

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

1,020,400,000

1,347,989

856,017

2,204,006

Pay

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

1,084,000,000

79,961

162,496

242,457

Pay

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

1,083,900,000

79,951

162,483

242,434

Receive

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

194,100,000

(

234,347

)

612,359

378,012

Receive

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

194,100,000

(

234,347

)

612,359

378,012

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

831,500,000

(

1,231,035

)

2,328,178

1,097,143

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

831,400,000

(

1,232,072

)

2,327,927

1,095,855

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

54,683,500,000

(

396,195

)

905,428

509,233

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

54,683,400,000

(

396,196

)

905,428

509,232

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

5,400,000

10,305

695

11,000

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

993,100,000

1,638,996

645,078

2,284,074

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

993,100,000

1,626,069

668,241

2,294,310

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

100,000

(

1,244

)

1,627

383

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

93,700,000

255,993

797,124

1,053,117

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

93,700,000

255,509

797,563

1,053,072

5,131,162

12,229,979

17,361,141

Pay

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

166,200,000

(

1,238,568

)

286,379

(

952,189

)

Pay

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

166,100,000

(

1,237,598

)

285,982

(

951,616

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

109,700,000

(

2,830,998

)

(

767,197

)

(

3,598,195

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

109,600,000

(

2,826,061

)

(

768,854

)

(

3,594,915

)

Pay

1D

SONIA

Annual

4.00%

Annual

9/20/2028

GBP

82,900,000

(

954,293

)

390,811

(

563,482

)

Pay

1D

SONIA

Annual

4.00%

Annual

9/20/2028

GBP

83,000,000

(

955,328

)

391,166

(

564,162

)

Pay

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

17,749,100,000

(

637,694

)

(

1,379,707

)

(

2,017,401

)

Pay

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

17,749,000,000

(

637,692

)

(

1,379,698

)

(

2,017,390

)

Pay

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

9,776,800,000

(

565,252

)

(

833,062

)

(

1,398,314

)

Pay

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

9,776,800,000

(

565,257

)

(

833,057

)

(

1,398,314

)

Pay

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

5,400,000

(

4,530

)

(

6,470

)

(

11,000

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

6/21/2028

SEK

730,000,000

(

52,396

)

(

1,075,962

)

(

1,128,358

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

6/21/2028

SEK

730,000,000

(

52,396

)

(

1,075,962

)

(

1,128,358

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2028

SEK

599,000,000

103,237

(

418,657

)

(

315,420

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2028

SEK

599,000,000

103,237

(

418,657

)

(

315,420

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2028

SEK

627,200,000

(

9,362

)

(

404,319

)

(

413,681

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

357

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

3M

STIBOR

Qtrly

2.00%

Annual

9/20/2028

SEK

1,549,400,000

$

(

670,232

)

$

(

1,920,566

)

$

(

2,590,798

)

Pay

3M

STIBOR

Qtrly

2.00%

Annual

9/20/2028

SEK

1,549,400,000

(

670,235

)

(

1,920,563

)

(

2,590,798

)

Pay

3M

STIBOR

Qtrly

2.50%

Annual

9/20/2028

SEK

627,200,000

(

9,362

)

(

404,319

)

(

413,681

)

Pay

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

100,000

(

371

)

(

13

)

(

384

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

92,500,000

(

737,757

)

214,539

(

523,218

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

92,400,000

(

737,520

)

215,307

(

522,213

)

Receive

1D

CORRA

Semi

3.50%

Semi

6/18/2036

CAD

5,100,000

(

64,537

)

(

12,751

)

(

77,288

)

Receive

1D

CORRA

Semi

3.50%

Semi

6/18/2036

CAD

5,100,000

(

64,537

)

(

12,751

)

(

77,288

)

Receive

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

36,800,000

(

358,967

)

(

102,894

)

(

461,861

)

Receive

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

36,900,000

(

359,942

)

(

103,174

)

(

463,116

)

Receive

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

8,600,000

35,305

(

50,542

)

(

15,237

)

Receive

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

8,700,000

33,704

(

49,156

)

(

15,452

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

108,322,400,000

(

1,287,683

)

803,666

(

484,017

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

108,322,400,000

(

1,287,718

)

803,701

(

484,017

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

133,100,000

(

31,102

)

(

220,451

)

(

251,553

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

133,100,000

(

30,815

)

(

220,720

)

(

251,535

)

(

18,602,720

)

(

10,987,951

)

(

29,590,671

)

$

(

13,471,558

)

$

1,242,028

$

(

12,229,530

)

Abbreviations:

1D:

1

Day

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

(a)

Floating

rate

indices

at

March

31,

2026

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

2.27%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

3.68%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

3.73%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

-0.07%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.72%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.31%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

2.19%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.78%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

2.48%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.66%

358

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Total

return

swap

contracts

outstanding

as

of

March

31,

2026

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Amsterdam

Exchange

Index

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

GSIN

04/17/2026

EUR

(3,639,792)

$

21,107

iBovespa

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/15/2026

BRL

64,104,280

138,340

WIG20

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/19/2026

PLN

30,970,360

168,645

MSCI

Australia

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

BBR

plus

or

minus

a

specified

spread

(0.25%)

Monthly

CITI

06/17/2026

AUD

(66,382,862)

1,318,953

MSCI

Brazil

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

CDI

plus

or

minus

a

specified

spread

(-0.70%)

Increases

in

total

return

of

reference

entity

Monthly

CITI

06/17/2026

BRL

5,020,514

20,084

MSCI

Canada

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

CORRA

plus

or

minus

a

specified

spread

(-1.00%)

Monthly

CITI

06/17/2026

CAD

(4,836,530)

20,336

MSCI

South

Africa

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

JIBAR

plus

or

minus

a

specified

spread

(-1.00%)

Monthly

CITI

06/17/2026

ZAR

(163,363,408)

160,929

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

359

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Switzerland

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SARON

plus

or

minus

a

specified

spread

(-0.60%)

Monthly

CITI

06/17/2026

CHF

(3,422,184)

$

11,956

Tel

Aviv

Stock

Exchange

35

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SHIRON

plus

or

minus

a

specified

spread

(-0.08%)

Monthly

BANA

06/17/2026

ILS

(4,585,934)

63,572

Total

unrealized

appreciation

1,923,922

HSCEI

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

CITI

04/29/2026

HKD

96,523,350

(

146,462

)

Swiss

Market

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

Monthly

MLIN

06/19/2026

CHF

(117,342,720)

(

947,963

)

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

MLIN

04/15/2026

TWD

217,287,200

(

386,925

)

MSCI

Emerging

Markets

Taiwan

Net

Total

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

OBFR

plus

or

minus

a

specified

spread

(0.75%)

Increases

in

total

return

of

reference

entity

Monthly

JPMC

06/17/2026

USD

9,922,481

(

852,036

)

MSCI

Italy

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

ESTR

plus

or

minus

a

specified

spread

(-0.10%)

Increases

in

total

return

of

reference

entity

Monthly

CITI

06/17/2026

EUR

15,396,417

(

193,939

)

MSCI

Mexico

Net

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

TIIEOIS

Monthly

CITI

06/17/2026

MXN

(64,414,509)

(

194,496

)

360

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

MSCI

Singapore

Net

Return

Index

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

and

receives

the

SORA

plus

or

minus

a

specified

spread

(0.45%)

Monthly

CITI

06/17/2026

SGD

(20,887,151)

$

(

106,686

)

MSCI

Sweden

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

STIBOR

plus

or

minus

a

specified

spread

(0.70%)

Increases

in

total

return

of

reference

entity

Monthly

CITI

06/17/2026

SEK

196,432,117

(

825,475

)

MSCI

United

Kingdom

Net

Return

Index

Decreases

in

total

return

of

reference

entity

and

pays

the

SONIA

plus

or

minus

a

specified

spread

(0.60%)

Increases

in

total

return

of

reference

entity

Monthly

CITI

06/17/2026

GBP

5,111,239

(

84,743

)

Total

unrealized

depreciation

(

3,738,725

)

Net

unrealized

depreciation

$

(

1,814,803

)

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

1,018

4/2026

USD

$

105,841,460

$

3,158,887

IBEX

35

Index

372

4/2026

EUR

72,951,912

(

1,346,059

)

MSCI

Singapore

Index

460

4/2026

SGD

15,620,751

9,848

Natural

Gas

1,078

4/2026

USD

31,089,520

(

2,956,525

)

OMXS30

Index

5,357

4/2026

SEK

165,237,333

(

4,330,935

)

SGX

FTSE

Taiwan

Index

829

4/2026

USD

85,652,280

(

4,320,928

)

Low

Sulphur

Gasoil

146

5/2026

USD

18,093,050

3,673,936

Canada

10

Year

Bond

63

6/2026

CAD

5,431,378

20,925

Euro

STOXX

50

Index

1,453

6/2026

EUR

92,285,780

(

1,066,603

)

Euro-Bund

618

6/2026

EUR

89,796,576

573,496

FTSE

100

Index

1,170

6/2026

GBP

157,942,938

(

2,422,211

)

FTSE/MIB

Index

1,148

6/2026

EUR

289,108,415

1,604,765

Japan

10

Year

Bond

89

6/2026

JPY

73,149,302

(

71,034

)

LME

Copper

Base

Metal

21

6/2026

USD

6,475,098

62,803

Long

Gilt

3,936

6/2026

GBP

460,119,786

(

19,098,238

)

S&P

500

E-Mini

Index

222

6/2026

USD

72,935,325

(

939,457

)

SET50

Index

4,576

6/2026

THB

26,678,996

235,177

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

361

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

TOPIX

Index

381

6/2026

JPY

$

84,119,845

$

(

2,141,666

)

Total

of

long

contracts

(

29,353,819

)

Short

Contracts

CAC

40

10

Euro

Index

(

763

)

4/2026

EUR

(

69,009,735

)

(

545,868

)

Hang

Seng

Index

(

43

)

4/2026

HKD

(

6,787,641

)

108,989

HSCEI

(

43

)

4/2026

HKD

(

2,291,429

)

41,201

IFSC

NIFTY

50

Index

(

405

)

4/2026

USD

(

18,210,015

)

611,580

NY

Harbor

ULSD

(

104

)

4/2026

USD

(

17,969,078

)

410,067

RBOB

Gasoline

(

1

)

4/2026

USD

(

134,564

)

2,318

WTI

Crude

Oil

(

182

)

4/2026

USD

(

18,451,160

)

(

1,754,548

)

Copper

(

76

)

5/2026

USD

(

10,666,600

)

200,200

Corn

(

3,109

)

5/2026

USD

(

71,157,237

)

(

85,645

)

Silver

(

84

)

5/2026

USD

(

31,465,980

)

1,833,040

Soybean

(

1,246

)

5/2026

USD

(

72,953,300

)

(

2,492,381

)

100

oz

Gold

(

88

)

6/2026

USD

(

41,171,680

)

(

1,070,032

)

Australia

10

Year

Bond

(

6,332

)

6/2026

AUD

(

471,464,320

)

(

1,093,102

)

DAX

Index

(

476

)

6/2026

EUR

(

314,114,143

)

11,525,645

FTSE/JSE

Top

40

Index

(

825

)

6/2026

ZAR

(

52,112,551

)

(

226,281

)

KOSPI

200

Index

(

70

)

6/2026

KRW

(

8,560,621

)

831,562

LME

Copper

Base

Metal

(

245

)

6/2026

USD

(

75,542,810

)

4,665,159

S&P/TSX

60

Index

(

605

)

6/2026

CAD

(

165,943,354

)

(

1,414,511

)

SPI

200

Index

(

3,190

)

6/2026

AUD

(

468,415,162

)

5,444,069

U.S.

Treasury

10

Year

Note

(

4,826

)

6/2026

USD

(

535,610,594

)

8,111,195

Total

of

short

contracts

25,102,657

Net

unrealized

depreciation

$

(

4,251,162

)

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

97,784,000

USD

66,941,465

CITI

6/17/2026

$

448,478

AUD

97,784,000

USD

66,941,331

JPMC

6/17/2026

448,612

BRL

310,915,411

USD

58,232,983

CITI

**

6/17/2026

777,407

BRL

310,915,411

USD

58,232,866

JPMC

**

6/17/2026

777,524

CAD

10,194,500

USD

7,345,517

CITI

6/17/2026

7,426

CAD

10,194,500

USD

7,345,502

JPMC

6/17/2026

7,440

CNY

71,135,520

USD

10,364,819

CITI

**

6/17/2026

18,452

CNY

71,135,527

USD

10,364,799

JPMC

**

6/17/2026

18,473

EUR

15,404,830

USD

17,816,604

CITI

6/17/2026

51,712

EUR

15,404,830

USD

17,816,568

JPMC

6/17/2026

51,748

GBP

12,000

USD

15,833

CITI

6/17/2026

47

GBP

12,000

USD

15,833

JPMC

6/17/2026

47

HUF

1,187,500,000

USD

3,485,036

CITI

6/17/2026

67,164

HUF

1,187,500,000

USD

3,485,029

JPMC

6/17/2026

67,171

INR

249,999,999

USD

2,626,060

CITI

**

6/17/2026

8,072

INR

250,000,001

USD

2,626,055

JPMC

**

6/17/2026

8,077

JPY

7,320,000,000

USD

46,168,621

CITI

6/17/2026

252,967

JPY

7,320,000,000

USD

46,168,528

JPMC

6/17/2026

253,060

KRW

12,350,000,000

USD

8,173,788

CITI

**

6/17/2026

54,079

KRW

12,350,000,000

USD

8,173,771

JPMC

**

6/17/2026

54,095

MXN

43,999,999

USD

2,420,314

CITI

6/17/2026

18,288

MXN

44,000,001

USD

2,420,310

JPMC

6/17/2026

18,293

NOK

76,500,001

USD

7,848,473

CITI

6/17/2026

46,950

362

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

NOK

76,499,999

USD

7,848,457

JPMC

6/17/2026

$

46,966

NZD

199,464,501

USD

114,715,291

CITI

6/17/2026

217,139

NZD

199,464,499

USD

114,715,060

JPMC

6/17/2026

217,368

PLN

19,455,500

USD

5,216,578

CITI

6/17/2026

22,944

PLN

19,455,500

USD

5,216,568

JPMC

6/17/2026

22,955

SEK

4,500,000

USD

472,660

CITI

6/17/2026

4,539

SEK

4,500,000

USD

472,659

JPMC

6/17/2026

4,540

THB

53,500,000

USD

1,627,491

CITI

6/17/2026

4,879

THB

53,500,000

USD

1,627,487

JPMC

6/17/2026

4,882

TWD

136,033,696

USD

4,230,344

CITI

**

6/17/2026

2,544

TWD

116,485,004

USD

3,622,346

JPMC

**

6/17/2026

2,256

USD

78,446,766

AUD

110,216,670

CITI

6/17/2026

2,488,582

USD

78,446,923

AUD

110,216,670

JPMC

6/17/2026

2,488,739

USD

222,863,813

CAD

302,547,499

CITI

6/17/2026

4,646,699

USD

222,864,262

CAD

302,547,503

JPMC

6/17/2026

4,647,145

USD

407,691,039

CHF

313,776,124

CITI

6/17/2026

11,959,586

USD

407,691,846

CHF

313,776,119

JPMC

6/17/2026

11,960,400

USD

1,419,331

CLP

1,255,731,500

CITI

**

6/17/2026

62,717

USD

1,419,334

CLP

1,255,731,500

JPMC

**

6/17/2026

62,719

USD

49,009,191

CNY

334,133,780

CITI

**

6/17/2026

237,473

USD

47,893,994

CNY

326,509,575

JPMC

**

6/17/2026

235,141

USD

123,380,470

EUR

104,363,464

CITI

6/17/2026

2,327,570

USD

129,477,616

EUR

109,490,390

JPMC

6/17/2026

2,477,910

USD

88,109,610

GBP

65,473,985

CITI

6/17/2026

1,468,265

USD

88,109,784

GBP

65,473,984

JPMC

6/17/2026

1,468,441

USD

13,263,851

HKD

103,305,000

CITI

6/17/2026

36,222

USD

13,263,878

HKD

103,305,000

JPMC

6/17/2026

36,248

USD

1,801,522

HUF

580,733,849

CITI

6/17/2026

64,357

USD

1,144,118

HUF

369,266,151

JPMC

6/17/2026

39,522

USD

361,687

IDR

6,101,362,000

CITI

**

6/17/2026

3,073

USD

361,688

IDR

6,101,362,000

JPMC

**

6/17/2026

3,074

USD

45,489,111

ILS

140,924,730

CITI

6/17/2026

565,404

USD

45,489,211

ILS

140,924,730

JPMC

6/17/2026

565,504

USD

13,533,539

INR

1,260,000,000

CITI

**

6/17/2026

257,512

USD

13,534,498

INR

1,260,000,000

JPMC

**

6/17/2026

258,471

USD

30,413,368

JPY

4,729,174,592

CITI

6/17/2026

422,139

USD

30,410,218

JPY

4,728,679,108

JPMC

6/17/2026

422,132

USD

10,438,746

KRW

15,307,184,553

CITI

**

6/17/2026

240,733

USD

10,446,404

KRW

15,318,295,943

JPMC

**

6/17/2026

240,988

USD

88,685,444

MXN

1,558,446,084

CITI

6/17/2026

2,312,017

USD

89,259,866

MXN

1,568,652,789

JPMC

6/17/2026

2,320,755

USD

35,866,167

NOK

343,280,598

CITI

6/17/2026

436,814

USD

37,418,207

NOK

358,140,061

JPMC

6/17/2026

455,237

USD

53,194,572

NZD

88,503,571

CITI

6/17/2026

2,198,378

USD

53,194,679

NZD

88,503,572

JPMC

6/17/2026

2,198,484

USD

31,872,929

PLN

114,774,132

CITI

6/17/2026

963,332

USD

31,913,999

PLN

114,907,097

JPMC

6/17/2026

968,593

USD

75,650,228

SEK

681,902,842

CITI

6/17/2026

3,338,335

USD

75,685,589

SEK

682,224,472

JPMC

6/17/2026

3,339,588

USD

90,674,030

SGD

114,323,348

CITI

6/17/2026

1,275,236

USD

90,674,213

SGD

114,323,350

JPMC

6/17/2026

1,275,417

USD

43,422,109

THB

1,347,749,999

CITI

6/17/2026

2,300,123

USD

43,422,196

THB

1,347,750,000

JPMC

6/17/2026

2,300,210

USD

6,029,876

TWD

189,987,931

CITI

**

6/17/2026

118,124

USD

6,477,869

TWD

204,070,069

JPMC

**

6/17/2026

127,930

USD

11,507,022

ZAR

190,572,131

CITI

6/17/2026

310,187

USD

11,685,605

ZAR

193,451,870

JPMC

6/17/2026

319,575

ZAR

35,000,000

USD

2,030,793

CITI

6/17/2026

25,590

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

363

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

ZAR

35,000,001

USD

2,030,789

JPMC

6/17/2026

$

25,594

Total

unrealized

appreciation

80,302,879

AUD

133,571,500

USD

93,671,767

CITI

6/17/2026

(

1,618,101

)

AUD

133,571,500

USD

93,671,580

JPMC

6/17/2026

(

1,617,913

)

BRL

2,179,000

USD

414,229

CITI

**

6/17/2026

(

664

)

BRL

2,179,000

USD

414,228

JPMC

**

6/17/2026

(

664

)

CAD

286,144,212

USD

210,166,095

CITI

6/17/2026

(

3,780,109

)

CAD

286,144,216

USD

210,165,678

JPMC

6/17/2026

(

3,779,690

)

CHF

9,932,559

USD

12,829,593

CITI

6/17/2026

(

302,745

)

CHF

9,932,554

USD

12,829,561

JPMC

6/17/2026

(

302,717

)

CNY

99,343,142

USD

14,550,042

CITI

**

6/17/2026

(

49,456

)

CNY

96,609,942

USD

14,150,531

JPMC

**

6/17/2026

(

48,895

)

EUR

182,566,383

USD

213,543,337

CITI

6/17/2026

(

1,781,581

)

EUR

187,693,309

USD

219,646,613

JPMC

6/17/2026

(

1,938,053

)

GBP

47,019,501

USD

62,622,281

CITI

6/17/2026

(

401,648

)

GBP

47,019,500

USD

62,622,154

JPMC

6/17/2026

(

401,523

)

HUF

4,002,171,348

USD

12,314,937

CITI

6/17/2026

(

343,137

)

HUF

3,790,703,650

USD

11,647,581

JPMC

6/17/2026

(

308,352

)

ILS

13,203,000

USD

4,244,000

CITI

6/17/2026

(

35,174

)

ILS

13,203,000

USD

4,243,992

JPMC

6/17/2026

(

35,166

)

INR

5,191,226,144

USD

56,527,948

CITI

**

6/17/2026

(

1,830,442

)

INR

5,191,226,143

USD

56,527,835

JPMC

**

6/17/2026

(

1,830,329

)

JPY

54,471,391,155

USD

351,270,624

CITI

6/17/2026

(

5,826,844

)

JPY

54,470,895,671

USD

351,266,621

JPMC

6/17/2026

(

5,825,982

)

KRW

159,305,658,305

USD

110,282,522

CITI

**

6/17/2026

(

4,149,273

)

KRW

159,316,769,697

USD

110,289,842

JPMC

**

6/17/2026

(

4,149,185

)

MXN

201,896,647

USD

11,362,087

CITI

6/17/2026

(

172,413

)

MXN

212,103,353

USD

11,937,745

JPMC

6/17/2026

(

182,386

)

NOK

924,957,383

USD

96,547,800

CITI

6/17/2026

(

1,084,668

)

NOK

939,816,847

USD

98,101,857

JPMC

6/17/2026

(

1,105,106

)

NZD

107,841,499

USD

63,494,423

CITI

6/17/2026

(

1,355,618

)

NZD

107,841,501

USD

63,494,297

JPMC

6/17/2026

(

1,355,493

)

PLN

16,266,527

USD

4,413,416

CITI

6/17/2026

(

32,711

)

PLN

16,316,473

USD

4,426,964

JPMC

6/17/2026

(

32,807

)

SEK

1,077,339,185

USD

117,443,146

CITI

6/17/2026

(

3,197,492

)

SEK

1,077,660,815

USD

117,477,861

JPMC

6/17/2026

(

3,198,099

)

SGD

753,571

USD

598,310

CITI

6/17/2026

(

9,032

)

SGD

753,573

USD

598,310

JPMC

6/17/2026

(

9,029

)

THB

302,999,999

USD

9,481,007

CITI

6/17/2026

(

235,997

)

THB

303,000,001

USD

9,480,256

JPMC

6/17/2026

(

235,246

)

TWD

3,391,886,419

USD

107,525,205

CITI

**

6/17/2026

(

1,981,689

)

TWD

3,425,517,250

USD

108,591,760

JPMC

**

6/17/2026

(

2,001,776

)

USD

12,472,019

BRL

66,321,000

CITI

**

6/17/2026

(

115,418

)

USD

12,472,044

BRL

66,321,000

JPMC

**

6/17/2026

(

115,393

)

USD

7,822,457

CHF

6,208,000

CITI

6/17/2026

(

7,014

)

USD

7,822,472

CHF

6,208,000

JPMC

6/17/2026

(

6,998

)

USD

28,266,409

CNY

194,181,618

CITI

**

6/17/2026

(

77,241

)

USD

28,976,922

CNY

199,072,631

JPMC

**

6/17/2026

(

80,644

)

USD

59,725,434

EUR

51,757,000

CITI

6/17/2026

(

308,363

)

USD

59,725,554

EUR

51,757,000

JPMC

6/17/2026

(

308,243

)

USD

117,531,989

GBP

89,065,500

CITI

6/17/2026

(

327,871

)

USD

117,532,224

GBP

89,065,500

JPMC

6/17/2026

(

327,636

)

USD

2,217,543

HUF

750,000,000

CITI

6/17/2026

(

25,952

)

USD

2,217,547

HUF

750,000,000

JPMC

6/17/2026

(

25,947

)

USD

6,925,834

ILS

21,867,500

CITI

6/17/2026

(

45,044

)

USD

6,925,848

ILS

21,867,500

JPMC

6/17/2026

(

45,030

)

USD

2,084,624

JPY

330,000,000

CITI

6/17/2026

(

8,152

)

USD

2,084,628

JPY

330,000,000

JPMC

6/17/2026

(

8,148

)

364

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

6,586,944

MXN

118,999,999

CITI

6/17/2026

$

(

8,368

)

USD

6,586,957

MXN

119,000,001

JPMC

6/17/2026

(

8,355

)

USD

46,251,033

NOK

450,000,000

CITI

6/17/2026

(

192,631

)

USD

46,251,126

NOK

450,000,000

JPMC

6/17/2026

(

192,538

)

USD

768,825

NZD

1,341,001

CITI

6/17/2026

(

3,866

)

USD

768,825

NZD

1,340,999

JPMC

6/17/2026

(

3,865

)

USD

281,499

PLN

1,046,242

CITI

6/17/2026

(

263

)

USD

259,162

PLN

963,223

JPMC

6/17/2026

(

242

)

USD

73,336,918

SEK

698,000,000

CITI

6/17/2026

(

681,987

)

USD

73,337,064

SEK

698,000,000

JPMC

6/17/2026

(

681,840

)

USD

3,346,248

SGD

4,298,000

CITI

6/17/2026

(

14,710

)

USD

3,346,255

SGD

4,298,000

JPMC

6/17/2026

(

14,703

)

USD

182,567

THB

6,000,000

CITI

6/17/2026

(

502

)

USD

182,567

THB

6,000,000

JPMC

6/17/2026

(

502

)

USD

11,275,253

ZAR

192,500,000

CITI

6/17/2026

(

34,851

)

USD

11,275,276

ZAR

192,500,000

JPMC

6/17/2026

(

34,829

)

ZAR

373,963,838

USD

22,841,871

CITI

6/17/2026

(

870,079

)

ZAR

376,843,577

USD

23,020,647

JPMC

6/17/2026

(

879,660

)

Total

unrealized

depreciation

(

62,004,090

)

Net

unrealized

appreciation

$

18,298,789

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

ZARONIA

plus

or

minus

a

specified

spread

(-0.05%

to

0.06%),

which

is

denominated

in

ZAR

based

on

the

local

currencies

of

the

positions

within

the

swap.

50-59

months

maturity

ranging

from

04/12/2030

-

01/13/2031

$7,383,280

$742,302

$(24,186)

$718,116

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

equity

positions

and

pays

or

receives

the

CORRA

plus

or

minus

a

specified

spread

(0.20%),

which

is

denominated

in

CAD

based

on

the

local

currencies

of

the

positions

within

the

swap.

30

months

maturity

08/24/2028

$–

$–

$–

$–

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

365

(Continued)

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

TIIE

plus

or

minus

a

specified

spread

(-0.88%

to

0.50%),

which

is

denominated

in

MXN

based

on

the

local

currencies

of

the

positions

within

the

swap.

1-56

months

maturity

ranging

from

04/16/2026

-

10/11/2030

$3,511,045

$87,826

$(8,548)

$79,278

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

WIBOR

plus

or

minus

a

specified

spread

(-0.40%

to

0.70%),

which

is

denominated

in

PLN

based

on

the

local

currencies

of

the

positions

within

the

swap.

1-61

months

maturity

ranging

from

04/17/2026

-

03/28/2031

$6,677,577

$(132,633)

$(2,263)

$(134,896)

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-4.70%

to

0.45%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

25

months

maturity

04/25/2028

$2,681,318

$(104,337)

$(221,956)

$(326,293)

MSIP

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

Federal

Funds

Effective

Rate

plus

or

minus

a

specified

spread

(-2.13%

to

0.40%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

24

months

maturity

ranging

from

03/26/2027

-

04/22/2027

$13,241,061

$(11,003)

$227,019

$216,016

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

GSIN

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

HONIX

plus

or

minus

a

specified

spread

(-1.10%

to

0.02%),

which

is

denominated

in

HKD

based

on

the

local

currencies

of

the

positions

within

the

swap.

50-61

months

maturity

ranging

from

04/11/2030

-

03/28/2031

$77,360,938

$(544,223)

$67,948

$(476,275)

366

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

China

3SBio,

Inc.

471,500

1,389,963

160,883

(

33

.8

)

China

CITIC

Bank

Corp.

Ltd.

2,046,000

2,072,426

235,483

(

49

.4

)

China

Communications

Services

Corp.

Ltd.

1,642,000

886,081

(5,991)

1

.3

China

Construction

Bank

Corp.

744,000

802,936

51,459

(

10

.8

)

China

Gold

International

Resources

Corp.

Ltd.

31,000

613,807

(67,782)

14

.2

China

Hongqiao

Group

Ltd.

235,500

1,063,803

(68,466)

14

.4

China

Merchants

Port

Holdings

Co.

Ltd.

488,000

915,696

(116,166)

24

.4

China

Minsheng

Banking

Corp.

Ltd.

2,423,500

1,139,760

(84,167)

17

.7

China

National

Building

Material

Co.

Ltd.

928,000

569,303

(115,939)

24

.3

China

Resources

Pharmaceutical

Group

Ltd.

1,932,000

1,432,458

311,379

(

65

.4

)

China

Resources

Power

Holdings

Co.

Ltd.

314,000

733,507

(12,129)

2

.5

CITIC

Ltd.

1,608,000

2,448,727

117,073

(

24

.6

)

Far

East

Horizon

Ltd.

1,274,000

1,151,782

(47,285)

9

.9

Great

Wall

Motor

Co.

Ltd.

486,000

786,819

9,811

(

2

.1

)

Hansoh

Pharmaceutical

Group

Co.

Ltd.

242,000

1,107,742

67,054

(

14

.1

)

Jiangxi

Copper

Co.

Ltd.

186,000

826,070

(115,649)

24

.3

Kingsoft

Corp.

Ltd.

503,400

1,466,715

(104,645)

22

.0

Kunlun

Energy

Co.

Ltd.

2,156,000

1,970,039

(320,360)

67

.3

New

Oriental

Education

&

Technology

Group,

Inc.

172,300

975,954

38,499

(

8

.1

)

People's

Insurance

Co.

Group

of

China

Ltd.

(The)

1,105,000

769,554

(112,620)

23

.6

PetroChina

Co.

Ltd.

412,000

565,207

6,150

(

1

.3

)

Sino

Biopharmaceutical

Ltd.

1,058,000

803,785

(28,723)

6

.0

Sinopharm

Group

Co.

Ltd.

360,000

933,971

(13,639)

2

.9

Sinotruk

Hong

Kong

Ltd.

485,500

2,422,274

121,455

(

25

.5

)

Zhejiang

Leapmotor

Technology

Co.

Ltd.

219,800

1,340,362

74,726

(

15

.7

)

Hong

Kong

Orient

Overseas

International

Ltd.

32,500

579,618

(61,993)

13

.0

Short

Positions

Common

Stocks

China

Akeso,

Inc.

(58,000)

(987,561)

(220,510)

46

.3

ANTA

Sports

Products

Ltd.

(106,400)

(1,040,131)

31,847

(

6

.7

)

Baidu,

Inc.

(89,950)

(1,257,338)

15,229

(

3

.2

)

BYD

Co.

Ltd.

(141,400)

(1,933,127)

(164,996)

34

.6

CGN

Power

Co.

Ltd.

(3,053,000)

(1,374,237)

(132,198)

27

.8

China

Longyuan

Power

Group

Corp.

Ltd.

(705,000)

(645,324)

58,669

(

12

.3

)

China

Merchants

Bank

Co.

Ltd.

(140,000)

(889,592)

(9,369)

2

.0

China

Resources

Gas

Group

Ltd.

(244,600)

(596,011)

37,855

(

7

.9

)

China

Shenhua

Energy

Co.

Ltd.

(109,500)

(648,149)

2,885

(

0

.6

)

Ganfeng

Lithium

Group

Co.

Ltd.

(110,000)

(1,043,109)

(196,491)

41

.3

GDS

Holdings

Ltd.

(130,000)

(657,826)

6,001

(

1

.3

)

Guotai

Haitong

Securities

Co.

Ltd.

(342,432)

(587,247)

34,384

(

7

.2

)

Horizon

Robotics

(766,800)

(664,105)

50,748

(

10

.7

)

Hua

Hong

Semiconductor

Ltd.

(65,000)

(655,875)

67,803

(

14

.2

)

Laopu

Gold

Co.

Ltd.

(16,500)

(1,335,753)

1,511

(

0

.3

)

Meituan

(204,300)

(2,229,373)

(178,869)

37

.6

NIO,

Inc.

(202,930)

(1,233,076)

(242,909)

51

.0

Nongfu

Spring

Co.

Ltd.

(153,400)

(927,616)

(54,700)

11

.5

Ping

An

Insurance

Group

Co.

of

China

Ltd.

(118,500)

(911,172)

35,625

(

7

.5

)

Tencent

Holdings

Ltd.

(10,300)

(649,646)

10,768

(

2

.3

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

367

(Continued)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

China

(continued)

Tsingtao

Brewery

Co.

Ltd.

(134,000)

(832,440)

5,957

(

1

.3

)

Xiaomi

Corp.

(731,600)

(3,021,992)

60,745

(

12

.8

)

XPeng,

Inc.

(140,500)

(1,200,936)

55,128

(

11

.6

)

ZTO

Express

Cayman,

Inc.

(42,000)

(1,033,742)

(71,746)

15

.1

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

JPMC

The

Fund

receives

the

total

return

on

a

portfolio

of

long

and

short

equity

positions

and

pays

or

receives

the

OBFR

plus

or

minus

a

specified

spread

(-12.75%

to

1.00%),

which

is

denominated

in

USD

based

on

the

local

currencies

of

the

positions

within

the

swap.

1-62

months

maturity

ranging

from

04/17/2026

-

03/28/2031

$67,709,952

$(327,825)

$696,484

$368,659

The

following

table

represents

disclosures

associated

with

a

subset

of

the

underlying

components

of

the

total

return

basket

swap

contract

as

of

period

end:

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Long

Positions

Common

Stocks

Brazil

Banco

do

Brasil

SA

252,500

1,121,171

(28,454)

(

7

.7

)

TIM

SA/Brazil

214,600

1,137,662

36,345

9

.9

Ultrapar

Participacoes

SA

131,900

731,328

60,766

16

.5

Vibra

Energia

SA

121,790

743,458

27,777

7

.5

Indonesia

Astra

International

Tbk.

PT

2,776,400

1,024,946

77,147

20

.9

South

Korea

APR

Corp/Korea

5,819

1,327,718

59,220

16

.1

DB

Insurance

Co.

Ltd.

9,026

1,012,393

(67,254)

(

18

.2

)

HD

Hyundai

Co.

Ltd.

5,686

953,599

(66,030)

(

17

.9

)

HD

Hyundai

Heavy

Industries

Co.

Ltd.

2,169

694,774

(61,268)

(

16

.6

)

HD

Korea

Shipbuilding

&

Offshore

Engineering

Co.

Ltd.

4,315

1,000,076

(160,984)

(

43

.7

)

Industrial

Bank

of

Korea

57,481

830,290

(60,353)

(

16

.4

)

Korea

Electric

Power

Corp.

31,621

898,996

(118,924)

(

32

.3

)

LG

Uplus

Corp.

62,309

647,992

(9,513)

(

2

.6

)

Samsung

Electronics

Co.

Ltd.

12,689

1,484,123

(159,099)

(

43

.2

)

Samsung

SDS

Co.

Ltd.

7,367

746,411

(56,564)

(

15

.3

)

SK

hynix,

Inc.

2,455

1,392,881

(197,548)

(

53

.6

)

SK

Telecom

Co.

Ltd.

15,003

776,260

(22,337)

(

6

.1

)

Taiwan

Asia

Cement

Corp.

639,000

698,683

9,036

2

.5

ASPEED

Technology,

Inc.

2,000

689,390

(46,277)

(

12

.6

)

Evergreen

Marine

Corp.

Taiwan

Ltd.

126,000

794,802

(61,993)

(

16

.8

)

International

Games

System

Co.

Ltd.

48,000

1,146,576

56,585

15

.3

Pegatron

Corp.

343,000

831,618

(5,046)

(

1

.4

)

United

Microelectronics

Corp.

644,000

1,154,435

(64,905)

(

17

.6

)

368

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

REFERENCE

ENTITY

SHARES

NOTIONAL

VALUE

($)

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

($)

PERCENTAGE

OF

SWAP

VALUE

(%)

Preferred

Stocks

Brazil

Banco

Bradesco

SA

(Preference)

233,800

865,266

17,545

4

.8

Cia

Energetica

de

Minas

Gerais

(Preference)

277,100

674,582

39,237

10

.6

Short

Positions

Common

Stocks

Brazil

Raia

Drogasil

SA

(265,710)

(1,207,015)

(10,022)

(

2

.7

)

Rede

D'Or

Sao

Luiz

SA

(158,700)

(1,193,961)

(59,300)

(

16

.1

)

Malaysia

Gamuda

Bhd.

(829,200)

(769,971)

105,037

28

.5

South

Korea

Alteogen,

Inc.

(2,936)

(665,931)

29,195

7

.9

Amorepacific

Corp.

(7,285)

(671,570)

(25,928)

(

7

.0

)

Celltrion,

Inc.

(7,516)

(1,005,058)

29,000

7

.9

Doosan

Co.

Ltd.

(1,047)

(760,351)

15,826

4

.3

Hanwha

Aerospace

Co.

Ltd.

(835)

(712,010)

61,611

16

.7

Hanwha

Ocean

Co.

Ltd.

(8,619)

(709,490)

54,379

14

.8

Kakao

Corp.

(25,194)

(777,796)

85,393

23

.2

KakaoBank

Corp.

(42,756)

(696,674)

(12,772)

(

3

.5

)

LG

Chem

Ltd.

(4,161)

(850,506)

4,038

1

.1

POSCO

Future

M

Co.

Ltd.

(6,580)

(908,973)

(60,380)

(

16

.4

)

POSCO

Holdings,

Inc.

(4,530)

(1,019,988)

16,227

4

.4

Samsung

SDI

Co.

Ltd.

(6,058)

(1,678,583)

(104,708)

(

28

.4

)

Samyang

Foods

Co.

Ltd.

(1,687)

(1,367,623)

(148,539)

(

40

.3

)

SK

Innovation

Co.

Ltd.

(15,145)

(1,111,439)

10,301

2

.8

Yuhan

Corp.

(10,832)

(692,464)

27,354

7

.4

Taiwan

China

Steel

Corp.

(1,605,000)

(959,415)

4,316

1

.2

Formosa

Plastics

Corp.

(640,000)

(931,036)

(3,746)

(

1

.0

)

Global

Unichip

Corp.

(20,000)

(1,416,778)

60,702

16

.5

Mega

Financial

Holding

Co.

Ltd.

(544,000)

(660,220)

7,498

2

.0

Nan

Ya

Plastics

Corp.

(270,000)

(645,482)

74,596

20

.2

Quanta

Computer,

Inc.

(81,000)

(728,916)

1,269

0

.3

Wistron

Corp.

(215,000)

(854,972)

43,684

11

.8

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

(Continued)

AQR

Funds

|

N-PORT

Part

F

|

March

2026

369

INVESTMENTS

SHARES

VALUE

($)

LONG

POSITIONS

-

174.4%

COMMON

STOCKS

-

93.4%

Communication

Services

-

3

.9

%

Diversified

Telecommunication

Services

-

1

.3

%

AT&T,

Inc.

(a)

22,848

662,364

Elisa

OYJ

(Finland)

(2)(a)

3,842

187,145

GCI

Liberty,

Inc.,

Class

C

*(a)(b)

157

5,842

Iridium

Communications,

Inc.

(a)(b)

13,598

377,209

Koninklijke

KPN

NV

(Netherlands)

(2)(a)

31,043

173,022

Liberty

Global

Ltd.,

Class

A

(Belgium)

*(a)

25,100

303,459

Orange

SA

(France)

(2)(a)

10,188

208,885

Quebecor,

Inc.,

Class

B

(Canada)

851

36,136

Telenor

ASA

(Norway)

(a)

11,364

199,867

Telia

Co.

AB

(Sweden)

(2)(a)

49,930

255,805

Verizon

Communications,

Inc.

(a)

7,022

352,504

2,762,238

Entertainment

-

0

.7

%

Netflix,

Inc.

*(a)

9,028

868,042

Roku,

Inc.,

Class

A

*(a)(b)

1,353

128,021

Square

Enix

Holdings

Co.

Ltd.

(Japan)

(2)(a)

7,700

122,707

Take-Two

Interactive

Software,

Inc.

*(a)

486

95,985

Warner

Music

Group

Corp.,

Class

A

(a)(b)

12,678

323,796

1,538,551

Interactive

Media

&

Services

-

0

.4

%

IAC,

Inc.

*(a)(b)

2,982

119,370

LY

Corp.

(Japan)

(2)(a)

55,000

132,612

Meta

Platforms,

Inc.,

Class

A

(a)(b)

334

191,091

Scout24

SE

(Germany)

(2)(a)(c)

514

39,659

Snap,

Inc.,

Class

A

*(a)(b)

45,648

209,981

ZoomInfo

Technologies,

Inc.,

Class

A

*(a)(b)

30,604

183,012

875,725

Media

-

0

.9

%

Charter

Communications,

Inc.,

Class

A

*(a)(b)

1,458

314,753

CyberAgent,

Inc.

(Japan)

(2)(a)

7,000

59,886

DoubleVerify

Holdings,

Inc.

*(a)

12,976

123,272

ITV

plc

(United

Kingdom)

(2)(a)

6,848

6,926

New

York

Times

Co.

(The),

Class

A

(a)

3,350

280,496

Omnicom

Group,

Inc.

(a)(b)

3,376

254,247

Paramount

Skydance

Corp.,

Class

B

(a)

175

1,578

Sirius

XM

Holdings,

Inc.

(a)(b)

5,789

133,610

TBS

Holdings,

Inc.

(Japan)

(2)(a)

2,200

79,269

Trade

Desk,

Inc.

(The),

Class

A

*(a)

(b)

4,145

94,050

Versant

Media

Group,

Inc.

*(a)

11,839

438,280

1,786,367

INVESTMENTS

SHARES

VALUE

($)

Wireless

Telecommunication

Services

-

0

.6

%

Freenet

AG

(Germany)

(2)(a)

3,358

103,396

Tele2

AB,

Class

B

(Sweden)

(2)(a)

2,234

46,238

T-Mobile

US,

Inc.

(a)

2,686

564,141

Vodafone

Group

plc

(United

Kingdom)

(2)(a)

390,211

588,575

1,302,350

Total

Communication

Services

8,265,231

Consumer

Discretionary

-

12

.4

%

Automobile

Components

-

1

.0

%

Aisin

Corp.

(Japan)

(2)(a)

400

5,635

Autoliv,

Inc.

(Sweden)

(a)(b)

2,839

298,549

BorgWarner,

Inc.

(a)

4,655

252,580

Goodyear

Tire

&

Rubber

Co.

(The)

*(a)(b)

84,225

558,412

Lear

Corp.

(a)

906

109,699

Magna

International,

Inc.

(Canada)

(a)

4,069

227,245

Niterra

Co.

Ltd.

(Japan)

(2)(a)

2,200

103,734

Pirelli

&

C

SpA

(Italy)

(2)(a)(c)

15,876

109,853

Sumitomo

Electric

Industries

Ltd.

(Japan)

(2)(a)

6,700

380,695

Valeo

SE

(France)

(2)(a)

5,586

68,405

2,114,807

Automobiles

-

1

.0

%

Bayerische

Motoren

Werke

AG

(Germany)

(2)(a)

831

76,873

General

Motors

Co.

(a)

8,056

600,172

Harley-Davidson,

Inc.

3,724

75,299

Lucid

Group,

Inc.

*(a)(b)

11,016

104,983

Mazda

Motor

Corp.

(Japan)

(2)(a)

17,100

116,960

Mercedes-Benz

Group

AG

(Germany)

(2)(a)

7,670

471,420

Renault

SA

(France)

(2)(a)

12,603

432,080

Stellantis

NV

(2)

16,915

122,255

Subaru

Corp.

(Japan)

(2)(a)

3,400

54,779

2,054,821

Broadline

Retail

-

0

.9

%

Canadian

Tire

Corp.

Ltd.,

Class

A

(Canada)

(a)

288

38,731

Dillard's,

Inc.,

Class

A

(a)

105

60,072

Etsy,

Inc.

*

3,016

150,740

Isetan

Mitsukoshi

Holdings

Ltd.

(Japan)

(2)(a)

30,300

558,291

Macy's,

Inc.

(a)

33,424

604,640

Pan

Pacific

International

Holdings

Corp.

(Japan)

(2)(a)

51,900

316,603

Ryohin

Keikaku

Co.

Ltd.

(Japan)

(2)

(a)

4,200

89,626

1,818,703

370

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Distributors

-

0

.4

%

Genuine

Parts

Co.

(a)(b)

5,237

553,813

LKQ

Corp.

(a)(b)

5,445

159,920

Pool

Corp.

(a)(b)

1,089

220,337

934,070

Diversified

Consumer

Services

-

0

.5

%

ADT,

Inc.

(a)

31,341

205,910

Bright

Horizons

Family

Solutions,

Inc.

*(a)

3,275

268,976

Graham

Holdings

Co.,

Class

B

(a)

213

225,196

Grand

Canyon

Education,

Inc.

*(a)

(b)

524

89,096

Pearson

plc

(United

Kingdom)

(2)(a)

5,567

73,395

Service

Corp.

International

(a)(b)

1,004

82,840

945,413

Hotels,

Restaurants

&

Leisure

-

2

.7

%

Airbnb,

Inc.,

Class

A

*(a)

593

74,884

Aramark

(a)

8,966

363,482

Booking

Holdings,

Inc.

(a)

50

210,516

Caesars

Entertainment,

Inc.

*

4,342

114,759

Carnival

Corp.

(a)

13,405

346,921

Chipotle

Mexican

Grill,

Inc.,

Class

A

*(a)(b)

3,112

99,615

Churchill

Downs,

Inc.

263

23,625

Darden

Restaurants,

Inc.

(a)

1,773

347,579

Domino's

Pizza,

Inc.

(a)

1,720

617,119

DraftKings,

Inc.,

Class

A

*(a)(b)

10,462

226,188

Expedia

Group,

Inc.

(a)(b)

888

205,030

Hilton

Grand

Vacations,

Inc.

*(a)(b)

2,973

116,304

InterContinental

Hotels

Group

plc

(2)(a)

137

18,067

Las

Vegas

Sands

Corp.

(a)

9,833

529,802

McDonald's

Corp.

(a)(b)

1,663

516,844

McDonald's

Holdings

Co.

Japan

Ltd.

(Japan)

(2)(a)

100

5,227

MGM

Resorts

International

*(a)(b)

4,409

163,177

Penn

Entertainment,

Inc.

*(a)(b)

11,941

179,473

Restaurant

Brands

International,

Inc.

(Canada)

(a)

234

17,316

Skylark

Holdings

Co.

Ltd.

(Japan)

(2)(a)

1,800

38,802

Texas

Roadhouse,

Inc.,

Class

A

(a)

(b)

4,437

732,726

Travel

+

Leisure

Co.

(a)

1,867

129,178

Viking

Holdings

Ltd.

*(a)

6,589

484,160

Wynn

Resorts

Ltd.

(a)(b)

1,163

118,103

5,678,897

Household

Durables

-

1

.3

%

Bellway

plc

(United

Kingdom)

(2)(a)

3,237

79,604

DR

Horton,

Inc.

(a)(b)

261

35,815

Garmin

Ltd.

(a)

1,621

376,088

KB

Home

(a)(b)

2,031

105,104

Lennar

Corp.,

Class

A

5,006

434,721

Mohawk

Industries,

Inc.

*(a)(b)

5,296

521,444

Newell

Brands,

Inc.

(a)(b)

18,745

64,295

INVESTMENTS

SHARES

VALUE

($)

Household

Durables

-

1.3%

(continued)

Open

House

Group

Co.

Ltd.

(Japan)

(2)(a)

800

51,273

PulteGroup,

Inc.

(a)

326

38,341

SEB

SA

(France)

(2)(a)

894

46,191

Sekisui

House

Ltd.

(Japan)

(2)(a)

9,900

221,830

Taylor

Morrison

Home

Corp.,

Class

A

*(a)

6,536

380,657

Toll

Brothers,

Inc.

(a)

1,720

234,728

Whirlpool

Corp.

4,625

249,380

2,839,471

Leisure

Products

-

0

.5

%

Bandai

Namco

Holdings,

Inc.

(Japan)

(2)(a)

8,900

219,567

Brunswick

Corp.

(a)(b)

4,199

305,519

Hasbro,

Inc.

(a)

1,314

122,990

Mattel,

Inc.

*(a)

7,119

103,439

Polaris,

Inc.

(a)

4,900

267,050

YETI

Holdings,

Inc.

*(a)(b)

2,661

97,366

1,115,931

Specialty

Retail

-

2

.4

%

Abercrombie

&

Fitch

Co.,

Class

A

*(a)

6,960

635,935

Aritzia,

Inc.

(Canada)

*(a)

1,660

135,464

AutoNation,

Inc.

*(a)(b)

811

158,356

Avolta

AG

(Switzerland)

(2)*(a)

2,735

163,981

Bath

&

Body

Works,

Inc.

(a)

21,302

397,708

Best

Buy

Co.,

Inc.

(a)(b)

2,835

182,007

Burlington

Stores,

Inc.

*(a)(b)

926

301,302

CarMax,

Inc.

*(a)

11,127

462,661

Five

Below,

Inc.

*(a)

432

98,703

Gap,

Inc.

(The)

(a)

15,832

383,134

H

&

M

Hennes

&

Mauritz

AB,

Class

B

(Sweden)

(2)(a)

9,912

185,442

Industria

de

Diseno

Textil

SA

(Spain)

(2)(a)

1,199

69,792

JB

Hi-Fi

Ltd.

(Australia)

(2)(a)

1,966

99,478

Kingfisher

plc

(United

Kingdom)

(2)

(a)

23,282

88,526

Murphy

USA,

Inc.

(a)(b)

69

34,084

Ross

Stores,

Inc.

(a)

1,259

272,737

Shimamura

Co.

Ltd.

(Japan)

(2)(a)

4,200

87,934

TJX

Cos.,

Inc.

(The)

(a)(b)

5,030

803,291

USS

Co.

Ltd.

(Japan)

(2)(a)

10,800

113,603

Williams-Sonoma,

Inc.

(a)

2,839

517,635

5,191,773

Textiles,

Apparel

&

Luxury

Goods

-

1

.7

%

adidas

AG

(Germany)

(2)(a)

3,509

567,955

Burberry

Group

plc

(United

Kingdom)

(2)*(a)

7,497

109,697

Cie

Financiere

Richemont

SA

(Registered)

(Switzerland)

(2)(a)

2,102

371,142

Columbia

Sportswear

Co.

(a)

2,771

151,878

Deckers

Outdoor

Corp.

*(a)

1,073

107,397

HUGO

BOSS

AG

(Germany)

(2)(a)

5,153

223,052

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

371

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Textiles,

Apparel

&

Luxury

Goods

-

1.7%

(continued)

LVMH

Moet

Hennessy

Louis

Vuitton

SE

(France)

(2)(a)

244

133,382

Pandora

A/S

(Denmark)

(2)(a)

5,275

377,025

Puma

SE

(Germany)

(2)

1,530

39,679

PVH

Corp.

(a)(b)

2,014

140,497

Ralph

Lauren

Corp.,

Class

A

(a)

1,010

347,430

Tapestry,

Inc.

(a)

3,915

552,446

Under

Armour,

Inc.,

Class

A

*(a)(b)

20,269

119,790

VF

Corp.

(a)(b)

26,272

446,361

3,687,731

Total

Consumer

Discretionary

26,381,617

Consumer

Staples

-

5

.2

%

Beverages

-

0

.7

%

Asahi

Group

Holdings

Ltd.

(Japan)

(2)(a)

14,900

148,771

Boston

Beer

Co.,

Inc.

(The),

Class

A

*(a)

350

80,640

Carlsberg

A/S,

Class

B

(Denmark)

(a)

167

20,747

Coca-Cola

Consolidated,

Inc.

(a)

1,070

205,162

Kirin

Holdings

Co.

Ltd.

(Japan)

(2)

(a)

37,100

590,120

Molson

Coors

Beverage

Co.,

Class

B

(a)(b)

2,461

105,971

PepsiCo,

Inc.

(a)(b)

1,701

264,148

1,415,559

Consumer

Staples

Distribution

&

Retail

-

2

.0

%

Albertsons

Cos.,

Inc.,

Class

A

(a)(b)

6,683

113,878

Carrefour

SA

(France)

(2)(a)

38,550

713,786

Casey's

General

Stores,

Inc.

(a)

72

52,406

Costco

Wholesale

Corp.

(a)

495

493,233

Dollar

General

Corp.

(a)

1,597

189,612

Dollar

Tree,

Inc.

*

2,522

276,184

Empire

Co.

Ltd.,

Class

A

(Canada)

(a)

1,822

65,265

George

Weston

Ltd.

(Canada)

(a)

2,296

162,210

Koninklijke

Ahold

Delhaize

NV

(Netherlands)

(a)

8,237

383,591

Kroger

Co.

(The)

(a)

7,332

530,544

Metro,

Inc.,

Class

A

(Canada)

(a)

1,020

69,789

Seven

&

i

Holdings

Co.

Ltd.

(Japan)

(2)(a)

1,600

21,519

Sprouts

Farmers

Market,

Inc.

*(a)(b)

6,609

509,752

Target

Corp.

(a)

4,097

496,556

Tesco

plc

(United

Kingdom)

(2)(a)

14,793

92,975

4,171,300

Food

Products

-

1

.5

%

Archer-Daniels-Midland

Co.

(a)(b)

5,040

366,358

Barry

Callebaut

AG

(Registered)

(Switzerland)

(2)(a)

40

70,344

Conagra

Brands,

Inc.

(a)(b)

28,939

454,921

Danone

SA

(France)

(2)(a)

1,333

106,516

Darling

Ingredients,

Inc.

*(a)

4,262

263,605

General

Mills,

Inc.

(a)

9,142

340,265

INVESTMENTS

SHARES

VALUE

($)

Food

Products

-

1.5%

(continued)

Ingredion,

Inc.

(a)

4,018

452,668

Marzetti

Co.

(The)

(a)

1,125

155,621

MEIJI

Holdings

Co.

Ltd.

(Japan)

(2)

(a)

3,000

73,163

Mowi

ASA

(Norway)

(2)(a)

594

13,510

Orkla

ASA

(Norway)

(2)(a)

1,650

20,765

Saputo,

Inc.

(Canada)

(a)

2,000

62,483

Seaboard

Corp.

22

124,388

Smithfield

Foods,

Inc.

2,814

78,708

Tyson

Foods,

Inc.,

Class

A

(a)

8,159

522,747

WH

Group

Ltd.

(Hong

Kong)

(2)(a)

(c)

20,500

26,946

Wilmar

International

Ltd.

(China)

(2)

9,000

27,039

Yamazaki

Baking

Co.

Ltd.

(Japan)

(2)(a)

4,700

105,059

3,265,106

Household

Products

-

0

.6

%

Clorox

Co.

(The)

(a)

1,325

137,310

Colgate-Palmolive

Co.

(a)

5,105

435,099

Essity

AB,

Class

B

(Sweden)

(2)(a)

13,463

346,979

Reckitt

Benckiser

Group

plc

(United

Kingdom)

(2)(a)

3,780

254,169

1,173,557

Personal

Care

Products

-

0

.2

%

BellRing

Brands,

Inc.

*(a)(b)

10,002

160,932

elf

Beauty,

Inc.

*(a)(b)

629

38,124

Kao

Corp.

(Japan)

(a)

2,400

93,426

Shiseido

Co.

Ltd.

(Japan)

(2)(a)

9,400

192,044

484,526

Tobacco

-

0

.2

%

Altria

Group,

Inc.

(a)

3,002

198,102

British

American

Tobacco

plc

(United

Kingdom)

(2)(a)

1,127

65,432

Imperial

Brands

plc

(United

Kingdom)

(2)(a)

1,483

60,133

Philip

Morris

International,

Inc.

(a)

801

132,437

456,104

Total

Consumer

Staples

10,966,152

Energy

-

4

.0

%

Energy

Equipment

&

Services

-

0

.6

%

Halliburton

Co.

(a)(b)

5,832

227,390

NOV,

Inc.

2,519

47,382

Saipem

SpA

(Italy)

(2)(a)

110,288

504,606

SBM

Offshore

NV

(Netherlands)

(2)

(a)

1,689

67,354

TechnipFMC

plc

(United

Kingdom)

(a)

7,253

501,400

Weatherford

International

plc

620

58,640

1,406,772

372

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Oil,

Gas

&

Consumable

Fuels

-

3

.4

%

Antero

Resources

Corp.

*(a)

3,745

158,938

ARC

Resources

Ltd.

(Canada)

(a)

5,683

118,268

BP

plc

(2)(a)

9,299

72,781

Canadian

Natural

Resources

Ltd.

(Canada)

(a)

8,869

432,644

Cenovus

Energy,

Inc.

(Canada)

(a)

8,724

231,536

Chevron

Corp.

(a)

761

157,451

Chord

Energy

Corp.

(a)(b)

561

79,763

ConocoPhillips

(a)(b)

2,200

290,400

DCC

plc

(United

Kingdom)

(2)

375

23,226

ENEOS

Holdings,

Inc.

(Japan)

(2)(a)

12,700

114,429

Eni

SpA

(Italy)

(2)(a)

20,670

587,726

EOG

Resources,

Inc.

(a)

798

115,367

EQT

Corp.

(a)(b)

3,763

239,477

Equinor

ASA

(Norway)

(2)(a)

13,871

590,965

Exxon

Mobil

Corp.

128

21,717

Frontline

plc

(Norway)

(2)(a)

3,979

139,804

Harbour

Energy

plc

(United

Kingdom)

(2)(a)

28,100

111,738

Idemitsu

Kosan

Co.

Ltd.

(Japan)

(2)

(a)

11,700

114,865

Kinder

Morgan,

Inc.

(a)(b)

10,602

355,485

Koninklijke

Vopak

NV

(Netherlands)

(2)(a)

1,109

60,025

Marathon

Petroleum

Corp.

(a)

167

40,778

Murphy

Oil

Corp.

(a)(b)

888

36,630

Occidental

Petroleum

Corp.

(a)(b)

9,972

648,180

Ovintiv,

Inc.

(a)

4,444

263,796

PBF

Energy,

Inc.,

Class

A

(a)

1,053

50,144

Permian

Resources

Corp.,

Class

A

(a)

7,773

165,720

Phillips

66

(a)

2,306

420,107

Repsol

SA

(Spain)

(2)(a)

13,461

378,907

Suncor

Energy,

Inc.

(Canada)

(a)

3,951

261,327

TotalEnergies

SE

(France)

(2)(a)

7,750

711,250

Tourmaline

Oil

Corp.

(Canada)

250

11,965

Valero

Energy

Corp.

(a)

279

68,935

Whitehaven

Coal

Ltd.

(Australia)

(2)

(a)

5,474

35,321

Yancoal

Australia

Ltd.

(Australia)

(2)(a)

9,550

55,079

7,164,744

Total

Energy

8,571,516

Financials

-

15

.3

%

Banks

-

6

.2

%

ABN

AMRO

Bank

NV,

CVA

(Netherlands)

(2)(a)(c)

11,569

366,747

ANZ

Group

Holdings

Ltd.

(Australia)

(2)(a)

1,202

30,225

Banco

Bilbao

Vizcaya

Argentaria

SA

(Spain)

(2)(a)

23,281

502,860

Banco

Comercial

Portugues

SA,

Class

R

(Portugal)

(2)

55,804

54,351

Banco

Santander

SA

(Spain)

(2)(a)

28,261

316,826

Bank

of

America

Corp.

(a)(b)

10,314

502,807

INVESTMENTS

SHARES

VALUE

($)

Banks

-

6.2%

(continued)

Bank

of

Montreal

(Canada)

(a)

563

76,256

Bank

of

Nova

Scotia

(The)

(Canada)

(a)

2,036

141,192

Bankinter

SA

(Spain)

(2)(a)

1,533

24,279

Barclays

plc

(United

Kingdom)

(2)(a)

31,587

165,310

BNP

Paribas

SA

(France)

(2)(a)

9,524

907,291

BOC

Hong

Kong

Holdings

Ltd.

(China)

(2)

17,000

93,789

BOK

Financial

Corp.

(a)(b)

296

37,906

CaixaBank

SA

(Spain)

(2)(a)

30,397

364,389

Canadian

Imperial

Bank

of

Commerce

(Canada)

(a)

1,465

138,844

Citigroup,

Inc.

(a)

2,436

276,267

Citizens

Financial

Group,

Inc.

(a)

5,926

355,382

Commonwealth

Bank

of

Australia

(Australia)

(2)(a)

697

81,623

Concordia

Financial

Group

Ltd.

(Japan)

(2)(a)

12,700

113,363

Credit

Agricole

SA

(France)

(2)(a)

37,787

705,270

Danske

Bank

A/S

(Denmark)

(2)(a)

10,199

502,633

First

Horizon

Corp.

(a)

5,377

122,380

Fukuoka

Financial

Group,

Inc.

(Japan)

(2)(a)

6,600

252,751

Iyogin

Holdings,

Inc.

(Japan)

(2)(a)

4,400

81,290

Japan

Post

Bank

Co.

Ltd.

(Japan)

(2)(a)

8,300

135,375

Jyske

Bank

A/S

(Registered)

(Denmark)

(2)(a)

1,022

140,241

KBC

Group

NV

(Belgium)

(2)(a)

4,270

522,614

KeyCorp

(a)

10,852

217,583

Kyoto

Financial

Group,

Inc.

(Japan)

(2)(a)

4,200

110,664

Lloyds

Banking

Group

plc

(United

Kingdom)

(2)(a)

390,481

483,976

Mizuho

Financial

Group,

Inc.

(Japan)

(2)(a)

11,300

457,467

NatWest

Group

plc

(United

Kingdom)

(2)(a)

24,895

184,421

Nordea

Bank

Abp

(Finland)

(2)(a)

12,670

218,167

Oversea-Chinese

Banking

Corp.

Ltd.

(Singapore)

(2)

3,800

65,085

PNC

Financial

Services

Group,

Inc.

(The)

(a)(b)

641

133,386

Popular,

Inc.

2,785

373,663

Prosperity

Bancshares,

Inc.

(a)(b)

5,570

374,193

Resona

Holdings,

Inc.

(Japan)

(2)(a)

39,500

450,606

Shizuoka

Financial

Group,

Inc.

(Japan)

(2)(a)

20,300

337,073

Societe

Generale

SA

(France)

(2)(a)

7,100

518,420

Sumitomo

Mitsui

Trust

Group,

Inc.

(Japan)

(2)(a)

21,400

681,732

Svenska

Handelsbanken

AB,

Class

A

(Sweden)

(2)(a)

1,590

20,962

Swedbank

AB,

Class

A

(Sweden)

(2)(a)

5,330

181,665

Texas

Capital

Bancshares,

Inc.

*(a)

(b)

3,303

313,389

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

373

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Banks

-

6.2%

(continued)

Toronto-Dominion

Bank

(The)

(Canada)

(a)

733

68,458

Unicaja

Banco

SA

(Spain)

(2)(a)(c)

44,265

131,367

UniCredit

SpA

(Italy)

(2)(a)

4,495

322,488

Valley

National

Bancorp

(a)(b)

1,805

22,165

Wells

Fargo

&

Co.

1,202

95,691

Wintrust

Financial

Corp.

(a)(b)

221

30,706

Zions

Bancorp

NA

(a)

5,013

288,849

13,094,437

Capital

Markets

-

3

.3

%

Ameriprise

Financial,

Inc.

(a)

1,194

530,614

Amundi

SA

(France)

(2)(a)(c)

261

22,430

Azimut

Holding

SpA

(Italy)

(2)(a)

2,420

91,953

Bank

of

New

York

Mellon

Corp.

(The)

(a)

2,481

294,321

Deutsche

Bank

AG

(Registered)

(Germany)

(2)(a)

35,376

1,052,793

Evercore,

Inc.,

Class

A

(a)(b)

1,140

340,301

Federated

Hermes,

Inc.,

Class

B

(a)(b)

1,289

73,099

Goldman

Sachs

Group,

Inc.

(The)

(a)(b)

494

417,919

Houlihan

Lokey,

Inc.,

Class

A

(a)

149

21,399

IGM

Financial,

Inc.

(Canada)

(a)

428

20,392

Invesco

Ltd.

(a)

16,250

394,713

Investec

plc

(United

Kingdom)

(2)(a)

3,054

23,539

Janus

Henderson

Group

plc

395

20,291

Julius

Baer

Group

Ltd.

(Switzerland)

(2)(a)

1,065

78,335

KKR

&

Co.,

Inc.

(a)

3,135

289,988

Man

Group

plc

(United

Kingdom)

(2)(a)

3,064

10,315

MarketAxess

Holdings,

Inc.

(a)

1,146

189,067

Morgan

Stanley

(a)(b)

1,196

196,826

Nasdaq,

Inc.

(a)(b)

287

24,363

Nomura

Holdings,

Inc.

(Japan)

(2)(a)

54,600

429,923

Northern

Trust

Corp.

(a)

1,358

189,536

State

Street

Corp.

(a)

2,521

319,058

Stifel

Financial

Corp.

(a)

11,757

869,077

Swissquote

Group

Holding

SA

(Registered)

(Switzerland)

(2)(a)

172

85,439

Tradeweb

Markets,

Inc.,

Class

A

(a)

1,367

160,841

UBS

Group

AG

(Registered)

(Switzerland)

(2)(a)

14,956

583,185

Virtu

Financial,

Inc.,

Class

A

(a)(b)

6,580

289,388

7,019,105

Consumer

Finance

-

0

.6

%

Ally

Financial,

Inc.

(a)

11,590

454,676

Capital

One

Financial

Corp.

(a)

2,853

520,473

FirstCash

Holdings,

Inc.

(a)

74

13,912

OneMain

Holdings,

Inc.

(a)

6,366

340,517

1,329,578

INVESTMENTS

SHARES

VALUE

($)

Financial

Services

-

1

.1

%

Apollo

Global

Management,

Inc.

(a)

(b)

2,168

241,559

Corpay,

Inc.

*(a)(b)

405

117,851

Essent

Group

Ltd.

(a)

1,689

98,705

Euronet

Worldwide,

Inc.

*(a)(b)

1,098

72,874

Fidelity

National

Information

Services,

Inc.

6,362

298,441

Fiserv,

Inc.

*(a)(b)

2,737

152,725

MGIC

Investment

Corp.

(a)

8,274

217,192

Nexi

SpA

(Italy)

(2)(a)(c)

5,849

21,787

ORIX

Corp.

(Japan)

(2)(a)

3,500

103,850

Poste

Italiane

SpA

(Italy)

(2)(a)(c)

8,082

190,240

Sony

Financial

Group,

Inc.

(Japan)

(2)

285,700

261,717

Tokyo

Century

Corp.

(Japan)

(2)(a)

3,100

40,128

Western

Union

Co.

(The)

(a)(b)

27,302

238,346

WEX,

Inc.

*(a)

1,082

165,589

2,221,004

Insurance

-

4

.1

%

Aegon

Ltd.

(2)(a)

83,237

608,731

Ageas

SA/NV

(Belgium)

(2)(a)

1,704

125,436

Allstate

Corp.

(The)

338

70,081

American

Financial

Group,

Inc.

(a)

(b)

2,097

267,808

American

International

Group,

Inc.

(a)(b)

5,343

402,061

Arch

Capital

Group

Ltd.

*(a)

1,836

176,238

Assured

Guaranty

Ltd.

(a)

2,214

180,397

AXA

SA

(France)

(2)

2,520

115,798

Axis

Capital

Holdings

Ltd.

(a)

2,731

276,951

Chubb

Ltd.

(a)

1,194

389,160

CNA

Financial

Corp.

(a)(b)

1,877

86,192

CNO

Financial

Group,

Inc.

(a)

3,566

146,420

Daiichi

Life

Group,

Inc.

(Japan)

(2)

(a)

26,200

241,616

Everest

Group

Ltd.

(a)

529

172,904

Fairfax

Financial

Holdings

Ltd.

(Canada)

(a)

31

52,821

Fidelity

National

Financial,

Inc.

(a)

5,886

272,993

First

American

Financial

Corp.

(a)

1,236

74,518

Hanover

Insurance

Group,

Inc.

(The)

(a)

1,484

257,251

iA

Financial

Corp.,

Inc.

(Canada)

(a)

508

56,376

Japan

Post

Holdings

Co.

Ltd.

(Japan)

(2)(a)

26,100

301,363

Loews

Corp.

(a)(b)

421

44,938

Manulife

Financial

Corp.

(Canada)

(a)

4,952

170,584

Mapfre

SA

(Spain)

(2)

4,716

21,017

MetLife,

Inc.

(a)

5,067

358,338

MS&AD

Insurance

Group

Holdings,

Inc.

(Japan)

(2)(a)

4,200

109,601

NN

Group

NV

(Netherlands)

(2)(a)

5,049

394,306

Old

Republic

International

Corp.

(a)

1,121

44,728

Primerica,

Inc.

(a)(b)

124

31,060

Principal

Financial

Group,

Inc.

(a)(b)

3,290

296,462

374

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Insurance

-

4.1%

(continued)

Prudential

Financial,

Inc.

(a)(b)

852

83,232

QBE

Insurance

Group

Ltd.

(Australia)

(2)(a)

18,478

272,675

Reinsurance

Group

of

America,

Inc.

(a)

1,709

348,909

RenaissanceRe

Holdings

Ltd.

1,095

325,467

SCOR

SE

(France)

(2)(a)

4,531

161,940

Selective

Insurance

Group,

Inc.

(a)

2,936

221,345

Storebrand

ASA

(Norway)

(2)(a)

8,070

145,662

Talanx

AG

(Germany)

(2)(a)

764

94,803

Travelers

Cos.,

Inc.

(The)

(a)(b)

2,359

688,073

Unipol

Assicurazioni

SpA

(Italy)

(2)

(a)

5,744

133,434

Unum

Group

(a)(b)

4,519

330,023

Zurich

Insurance

Group

AG

(Switzerland)

(2)(a)

323

228,302

8,780,014

Total

Financials

32,444,138

Health

Care

-

8

.5

%

Biotechnology

-

1

.5

%

Biogen,

Inc.

*(a)(b)

2,539

465,475

BioMarin

Pharmaceutical,

Inc.

*(a)

7,282

411,360

Exelixis,

Inc.

*(a)

5,641

241,942

Halozyme

Therapeutics,

Inc.

*(a)(b)

1,750

113,103

Incyte

Corp.

*(a)(b)

2,346

220,806

Neurocrine

Biosciences,

Inc.

*(a)

2,514

331,194

Regeneron

Pharmaceuticals,

Inc.

(a)

618

477,492

Roivant

Sciences

Ltd.

*(a)

2,952

81,770

Sarepta

Therapeutics,

Inc.

*(a)(b)

8,836

192,271

Ultragenyx

Pharmaceutical,

Inc.

*(a)

(b)

17,140

359,083

United

Therapeutics

Corp.

*(a)

465

275,736

Zealand

Pharma

A/S

(Denmark)

(2)*(a)

1,071

49,876

3,220,108

Health

Care

Equipment

&

Supplies

-

1

.1

%

Asahi

Intecc

Co.

Ltd.

(Japan)

(2)(a)

12,200

260,519

Baxter

International,

Inc.

5,873

98,667

Cooper

Cos.,

Inc.

(The)

*(a)(b)

5,448

389,532

DENTSPLY

SIRONA,

Inc.

(a)

19,898

230,817

Edwards

Lifesciences

Corp.

*(a)(b)

642

51,411

Envista

Holdings

Corp.

*(a)

3,859

97,903

Globus

Medical,

Inc.,

Class

A

*(a)

355

30,587

Haemonetics

Corp.

*(a)

3,019

170,151

Hoya

Corp.

(Japan)

(2)(a)

700

121,352

Insulet

Corp.

*

226

47,424

Lantheus

Holdings,

Inc.

*(a)(b)

1,403

106,418

LivaNova

plc

*(a)

2,888

183,561

STERIS

plc

(a)(b)

1,094

241,916

Stryker

Corp.

(a)

919

301,974

2,332,232

INVESTMENTS

SHARES

VALUE

($)

Health

Care

Providers

&

Services

-

1

.2

%

Centene

Corp.

*(a)

17,606

576,420

Chemed

Corp.

(a)

490

185,093

Cigna

Group

(The)

(a)(b)

826

220,335

DaVita,

Inc.

*(a)

2,072

318,446

Encompass

Health

Corp.

(a)

1,200

116,076

Ensign

Group,

Inc.

(The)

(a)

146

29,419

Fresenius

Medical

Care

AG

(Germany)

(2)(a)

6,773

306,936

HCA

Healthcare,

Inc.

(a)

131

61,994

Molina

Healthcare,

Inc.

*(a)(b)

3,865

515,205

Tenet

Healthcare

Corp.

*(a)

1,149

216,828

Universal

Health

Services,

Inc.,

Class

B

(a)

540

96,644

2,643,396

Health

Care

Technology

-

0

.5

%

Certara,

Inc.

*(a)(b)

13,189

75,177

Doximity,

Inc.,

Class

A

*(a)(b)

6,795

158,323

Pro

Medicus

Ltd.

(Australia)

(2)(a)

3,185

262,498

Veeva

Systems,

Inc.,

Class

A

*(a)(b)

3,145

552,451

1,048,449

Life

Sciences

Tools

&

Services

-

1

.2

%

Agilent

Technologies,

Inc.

(a)

2,170

247,337

Avantor,

Inc.

*(a)(b)

43,481

340,891

Bio-Rad

Laboratories,

Inc.,

Class

A

*(a)(b)

135

37,631

Bruker

Corp.

(a)(b)

3,248

117,318

Danaher

Corp.

(a)

915

173,484

Illumina,

Inc.

*(a)(b)

2,733

336,869

IQVIA

Holdings,

Inc.

*(a)

711

121,254

Medpace

Holdings,

Inc.

*(a)(b)

1,319

633,371

Sotera

Health

Co.

*(a)

11,569

165,899

West

Pharmaceutical

Services,

Inc.

(a)

1,131

283,474

2,457,528

Pharmaceuticals

-

3

.0

%

Astellas

Pharma,

Inc.

(Japan)

(2)(a)

50,600

824,872

Bayer

AG

(Registered)

(Germany)

(2)(a)

8,485

392,671

Bristol-Myers

Squibb

Co.

(a)

21,396

1,297,667

Eli

Lilly

&

Co.

(a)

143

131,527

GSK

plc

(2)(a)

4,431

122,054

Ipsen

SA

(France)

(2)(a)

931

173,989

Jazz

Pharmaceuticals

plc

*(a)

2,222

420,069

Merck

&

Co.,

Inc.

(a)

5,429

653,054

Novartis

AG

(Registered)

(2)(a)

4,825

740,611

Ono

Pharmaceutical

Co.

Ltd.

(Japan)

(2)(a)

7,100

113,955

Organon

&

Co.

(a)(b)

28,020

167,840

Otsuka

Holdings

Co.

Ltd.

(Japan)

(2)(a)

2,100

149,039

Pfizer,

Inc.

(a)

19,864

557,781

Roche

Holding

AG

(2)(a)

664

264,996

Sanofi

SA

(2)(a)

2,571

248,281

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

375

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Pharmaceuticals

-

3.0%

(continued)

Viatris,

Inc.

(a)

6,197

83,722

6,342,128

Total

Health

Care

18,043,841

Industrials

-

19

.6

%

Aerospace

&

Defense

-

3

.0

%

ATI,

Inc.

*(a)(b)

2,172

315,939

BWX

Technologies,

Inc.

(a)(b)

1,518

310,416

Carpenter

Technology

Corp.

(a)

977

385,085

Curtiss-Wright

Corp.

(a)(b)

516

351,458

Dassault

Aviation

SA

(France)

(2)(a)

582

216,622

General

Dynamics

Corp.

(a)

1,513

519,292

Huntington

Ingalls

Industries,

Inc.

(a)(b)

614

233,259

Kongsberg

Gruppen

ASA

(Norway)

(a)

4,492

191,479

Leonardo

DRS,

Inc.

(a)

2,674

119,046

Leonardo

SpA

(Italy)

(2)(a)

6,001

408,185

Lockheed

Martin

Corp.

(a)

1,409

851,585

Rheinmetall

AG

(Germany)

(2)

135

227,716

RTX

Corp.

(a)

1,297

250,191

Saab

AB,

Class

B

(Sweden)

(2)(a)

4,327

283,201

Safran

SA

(France)

(2)(a)

935

305,959

Singapore

Technologies

Engineering

Ltd.

(Singapore)

(2)

22,400

190,114

Textron,

Inc.

(a)(b)

5,821

509,687

Thales

SA

(France)

(2)(a)

1,789

524,616

Woodward,

Inc.

(a)

575

205,804

6,399,654

Air

Freight

&

Logistics

-

0

.9

%

Deutsche

Post

AG

(Germany)

(2)

2,750

144,944

FedEx

Corp.

(a)

2,434

866,942

NIPPON

EXPRESS

HOLDINGS,

Inc.

(Japan)

(2)(a)

8,600

194,368

SG

Holdings

Co.

Ltd.

(Japan)

2,400

22,358

United

Parcel

Service,

Inc.,

Class

B

(a)(b)

5,989

589,198

1,817,810

Building

Products

-

1

.1

%

Advanced

Drainage

Systems,

Inc.

(a)

298

40,865

AGC,

Inc.

(Japan)

(2)(a)

7,500

265,706

Allegion

plc

(a)

372

54,048

Armstrong

World

Industries,

Inc.

(a)

169

27,851

Carlisle

Cos.,

Inc.

402

134,115

Johnson

Controls

International

plc

(a)

3,022

395,731

Lennox

International,

Inc.

(a)

81

37,595

Masco

Corp.

(a)

3,475

209,786

Nibe

Industrier

AB,

Class

B

(Sweden)

(2)

12,150

50,768

Owens

Corning

(a)

6,954

752,562

Sanwa

Holdings

Corp.

(Japan)

(2)

(a)

1,000

22,742

Simpson

Manufacturing

Co.,

Inc.

(a)

747

128,200

INVESTMENTS

SHARES

VALUE

($)

Building

Products

-

1.1%

(continued)

Trex

Co.,

Inc.

*(a)(b)

6,117

222,781

2,342,750

Commercial

Services

&

Supplies

-

0

.9

%

Brambles

Ltd.

(Australia)

(2)(a)

10,088

158,324

Clean

Harbors,

Inc.

*(a)

668

191,536

Copart,

Inc.

*(a)(b)

9,103

302,220

Dai

Nippon

Printing

Co.

Ltd.

(Japan)

(2)(a)

10,000

182,200

ISS

A/S

(Denmark)

(2)(a)

6,530

237,847

TOPPAN

Holdings,

Inc.

(Japan)

(2)

(a)

6,300

166,160

Veralto

Corp.

(a)

697

61,629

Waste

Connections,

Inc.

(a)

3,350

544,174

1,844,090

Construction

&

Engineering

-

1

.8

%

AtkinsRealis

Group,

Inc.

(Canada)

(a)

571

36,737

Bouygues

SA

(France)

(2)(a)

582

33,731

Comfort

Systems

USA,

Inc.

(a)

352

485,405

Eiffage

SA

(France)

(2)(a)

1,016

155,822

EMCOR

Group,

Inc.

(a)

878

648,236

Everus

Construction

Group,

Inc.

*(a)

1,381

163,041

Kajima

Corp.

(Japan)

(2)(a)

13,400

511,192

Kandenko

Co.

Ltd.

(Japan)

(2)(a)

5,300

201,292

Kinden

Corp.

(Japan)

(2)(a)

6,300

283,427

Obayashi

Corp.

(Japan)

(2)(a)

15,700

380,261

Shimizu

Corp.

(Japan)

(2)(a)

24,900

446,734

Stantec,

Inc.

(Canada)

(a)

216

18,673

Sterling

Infrastructure,

Inc.

*(a)

263

107,112

Taisei

Corp.

(Japan)

(2)(a)

800

82,881

Valmont

Industries,

Inc.

(a)

251

100,292

Vinci

SA

(France)

(2)(a)

312

46,831

Worley

Ltd.

(Australia)

(2)(a)

10,739

84,358

3,786,025

Electrical

Equipment

-

1

.5

%

ABB

Ltd.

(Registered)

(Switzerland)

(2)(a)

5,861

476,546

Accelleron

Industries

AG

(Switzerland)

(2)(a)

1,359

122,835

Acuity,

Inc.

(a)

1,079

302,357

Bloom

Energy

Corp.,

Class

A

*

174

23,575

EnerSys

(a)

1,636

284,206

Furukawa

Electric

Co.

Ltd.

(Japan)

(2)(a)

1,300

249,574

Mitsubishi

Electric

Corp.

(Japan)

(2)

(a)

2,200

71,956

Nordex

SE

(Germany)

(2)*(a)

1,607

87,087

nVent

Electric

plc

(a)

3,052

360,991

Sensata

Technologies

Holding

plc

269

9,474

Siemens

Energy

AG

(Germany)

(2)

(a)

4,546

783,956

Signify

NV

(2)(a)(c)

7,415

157,933

Vertiv

Holdings

Co.,

Class

A

(a)

672

168,390

376

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Electrical

Equipment

-

1.5%

(continued)

Vestas

Wind

Systems

A/S

(Denmark)

(2)(a)

3,854

116,279

3,215,159

Ground

Transportation

-

1

.6

%

Aurizon

Holdings

Ltd.

(Australia)

(2)

(a)

65,766

181,548

Canadian

National

Railway

Co.

(Canada)

(a)

1,439

148,110

Canadian

Pacific

Kansas

City

Ltd.

(Canada)

(a)

348

27,385

Central

Japan

Railway

Co.

(Japan)

(2)(a)

11,200

291,213

CSX

Corp.

(a)(b)

2,835

116,377

Hankyu

Hanshin

Holdings,

Inc.

(Japan)

(2)

700

20,241

JB

Hunt

Transport

Services,

Inc.

(a)

3,096

656,042

Knight-Swift

Transportation

Holdings,

Inc.,

Class

A

(a)(b)

5,519

317,784

Landstar

System,

Inc.

(a)

3,375

541,046

Ryder

System,

Inc.

(a)

1,490

305,018

Saia,

Inc.

*(a)(b)

1,386

486,874

Schneider

National,

Inc.,

Class

B

(a)

2,363

62,289

TFI

International,

Inc.

(Canada)

(a)

195

21,226

Union

Pacific

Corp.

(a)(b)

682

165,467

West

Japan

Railway

Co.

(Japan)

1,100

21,680

3,362,300

Industrial

Conglomerates

-

0

.5

%

3M

Co.

(a)(b)

2,005

291,186

CK

Hutchison

Holdings

Ltd.

(United

Kingdom)

(2)(a)

6,500

49,894

Hikari

Tsushin,

Inc.

(Japan)

(2)(a)

400

101,765

Hitachi

Ltd.

(Japan)

(2)(a)

1,900

55,737

Honeywell

International,

Inc.

(a)

2,452

554,226

Sekisui

Chemical

Co.

Ltd.

(Japan)

(2)(a)

3,800

63,797

Swire

Pacific

Ltd.,

Class

A

(Hong

Kong)

(2)(a)

2,500

27,324

1,143,929

Machinery

-

3

.7

%

Alfa

Laval

AB

(Sweden)

(2)(a)

794

43,432

Allison

Transmission

Holdings,

Inc.

(a)(b)

1,438

168,332

Caterpillar,

Inc.

(a)(b)

458

324,475

CNH

Industrial

NV

(a)

2,919

32,109

Cummins,

Inc.

(a)

1,438

773,673

Daimler

Truck

Holding

AG

(Germany)

(2)(a)

5,710

281,194

Donaldson

Co.,

Inc.

(a)(b)

762

64,671

Dover

Corp.

(a)(b)

1,973

411,272

FANUC

Corp.

(Japan)

(2)(a)

9,300

324,170

Fincantieri

SpA

(Italy)

(2)*(a)

15,217

234,805

Gates

Industrial

Corp.

plc

*(a)

6,550

148,095

GEA

Group

AG

(Germany)

(2)(a)

877

62,896

Graco,

Inc.

(a)

954

80,756

INVESTMENTS

SHARES

VALUE

($)

Machinery

-

3.7%

(continued)

Hitachi

Construction

Machinery

Co.

Ltd.

(Japan)

(2)(a)

2,900

99,578

Illinois

Tool

Works,

Inc.

(a)

749

194,957

ITT,

Inc.

(a)

1,600

304,848

Kawasaki

Heavy

Industries

Ltd.

(Japan)

(2)(a)

5,000

94,036

Komatsu

Ltd.

(Japan)

(2)(a)

6,600

262,816

Konecranes

OYJ

(Finland)

(2)(a)

3,855

126,524

Kubota

Corp.

(Japan)

(2)

4,300

68,908

Lincoln

Electric

Holdings,

Inc.

(a)

995

247,835

Makita

Corp.

(Japan)

(2)(a)

700

23,006

Mueller

Industries,

Inc.

(a)(b)

5,007

554,776

NGK

Corp.

(Japan)

(2)(a)

4,700

121,131

Nordson

Corp.

(a)

89

23,679

Oshkosh

Corp.

(a)(b)

2,067

304,283

PACCAR,

Inc.

(a)

1,120

129,360

Pentair

plc

(a)

637

55,489

RBC

Bearings,

Inc.

*(a)(b)

71

38,561

Rotork

plc

(United

Kingdom)

(2)(a)

3,950

16,425

Sandvik

AB

(Sweden)

(2)(a)

2,493

95,835

Schindler

Holding

AG

(Switzerland)

(2)(a)

458

150,862

Snap-on,

Inc.

(a)(b)

540

196,139

Toro

Co.

(The)

(a)

4,781

446,737

VAT

Group

AG

(Switzerland)

(2)(a)

(c)

140

87,338

Wartsila

OYJ

Abp

(Finland)

(2)(a)

14,542

541,660

Watts

Water

Technologies,

Inc.,

Class

A

(a)

864

250,811

Westinghouse

Air

Brake

Technologies

Corp.

(a)

795

198,678

Yangzijiang

Shipbuilding

Holdings

Ltd.

(China)

(2)

75,800

225,156

7,809,308

Marine

Transportation

-

0

.8

%

AP

Moller

-

Maersk

A/S,

Class

B

(2)

(a)

155

387,172

Kawasaki

Kisen

Kaisha

Ltd.

(Japan)

(2)(a)

9,100

153,704

Kirby

Corp.

*(a)

561

74,546

Mitsui

OSK

Lines

Ltd.

(Japan)

(2)(a)

16,300

677,441

Nippon

Yusen

KK

(Japan)

(2)(a)

12,500

459,185

SITC

International

Holdings

Co.

Ltd.

(China)

(2)

8,000

35,028

1,787,076

Passenger

Airlines

-

1

.1

%

Air

France-KLM

(France)

(2)*(a)

10,337

104,769

ANA

Holdings,

Inc.

(Japan)

(2)(a)

20,000

358,185

Delta

Air

Lines,

Inc.

(a)

1,815

120,661

Deutsche

Lufthansa

AG

(Registered)

(Germany)

(2)(a)

29,364

250,058

easyJet

plc

(United

Kingdom)

(2)(a)

34,608

161,025

International

Consolidated

Airlines

Group

SA

(United

Kingdom)

(2)(a)

104,322

495,145

Japan

Airlines

Co.

Ltd.

(Japan)

(2)

(a)

7,500

122,448

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

377

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Passenger

Airlines

-

1.1%

(continued)

Qantas

Airways

Ltd.

(Australia)

(2)

(a)

7,543

44,309

United

Airlines

Holdings,

Inc.

*(a)

7,013

645,687

2,302,287

Professional

Services

-

1

.6

%

Adecco

Group

AG

(Registered)

(Switzerland)

(2)(a)

2,510

60,371

ALS

Ltd.

(Australia)

(2)(a)

4,353

63,900

Broadridge

Financial

Solutions,

Inc.

(a)(b)

219

35,583

CACI

International,

Inc.,

Class

A

*(a)(b)

218

118,564

Clarivate

plc

*

2,920

7,388

Computershare

Ltd.

(Australia)

(2)

(a)

1,351

26,645

Concentrix

Corp.

(a)

11,133

304,599

ExlService

Holdings,

Inc.

*(a)

10,330

314,548

FTI

Consulting,

Inc.

*(a)(b)

889

157,149

Genpact

Ltd.

(a)

9,865

367,471

Intertek

Group

plc

(United

Kingdom)

(2)(a)

1,254

61,018

Jacobs

Solutions,

Inc.

(a)

2,674

340,347

KBR,

Inc.

(a)

2,482

91,487

Leidos

Holdings,

Inc.

(a)(b)

693

107,775

ManpowerGroup,

Inc.

(a)(b)

9,719

286,322

Maximus,

Inc.

(a)(b)

1,038

66,536

RELX

plc

(United

Kingdom)

(2)(a)

707

23,163

Science

Applications

International

Corp.

(a)

5,571

528,799

SS&C

Technologies

Holdings,

Inc.

(a)(b)

3,590

242,576

Teleperformance

SE

(France)

(2)

868

51,006

TransUnion

(a)(b)

2,852

197,330

3,452,577

Trading

Companies

&

Distributors

-

1

.0

%

Applied

Industrial

Technologies,

Inc.

(a)

1,766

468,555

Finning

International,

Inc.

(Canada)

(a)

694

42,944

Mitsui

&

Co.

Ltd.

(Japan)

(2)(a)

10,100

390,392

Reece

Ltd.

(Australia)

(2)(a)

4,122

38,356

SiteOne

Landscape

Supply,

Inc.

*(a)

230

30,615

Sojitz

Corp.

(Japan)

(2)(a)

10,200

403,889

Sumitomo

Corp.

(Japan)

(2)(a)

8,400

314,320

Toromont

Industries

Ltd.

(Canada)

(a)

1,427

199,786

Toyota

Tsusho

Corp.

(Japan)

(2)(a)

3,000

116,270

WESCO

International,

Inc.

(a)(b)

429

117,383

2,122,510

INVESTMENTS

SHARES

VALUE

($)

Transportation

Infrastructure

-

0

.1

%

Aena

SME

SA

(Spain)

(a)(c)

5,139

151,587

Flughafen

Zurich

AG

(Registered)

(Switzerland)

(2)(a)

443

138,719

Getlink

SE

(France)

(2)

620

13,379

303,685

Total

Industrials

41,689,160

Information

Technology

-

10

.4

%

Communications

Equipment

-

0

.2

%

Ciena

Corp.

*

97

37,658

Telefonaktiebolaget

LM

Ericsson,

Class

B

(Sweden)

(2)(a)

31,040

353,864

391,522

Electronic

Equipment,

Instruments

&

Components

-

1

.7

%

Advanced

Energy

Industries,

Inc.

(a)(b)

274

88,423

Arrow

Electronics,

Inc.

*(a)(b)

4,229

606,481

Avnet,

Inc.

(a)(b)

6,294

387,836

Azbil

Corp.

(Japan)

(2)(a)

3,400

29,708

Celestica,

Inc.

(Canada)

*(a)

901

254,166

Corning,

Inc.

(a)(b)

1,661

225,846

Fabrinet

(Thailand)

*(a)(b)

214

111,605

Flex

Ltd.

*(a)(b)

2,640

172,814

Hexagon

AB,

Class

B

(Sweden)

(2)

(a)

4,877

47,464

Ingram

Micro

Holding

Corp.

2,082

48,531

IPG

Photonics

Corp.

*

625

71,619

Jabil,

Inc.

(a)(b)

537

142,643

Kyocera

Corp.

(Japan)

(2)(a)

21,000

322,005

Murata

Manufacturing

Co.

Ltd.

(Japan)

(2)(a)

14,800

332,071

Omron

Corp.

(Japan)

(2)(a)

4,300

123,707

TD

SYNNEX

Corp.

(a)

2,234

376,898

TTM

Technologies,

Inc.

*(a)(b)

1,253

122,067

Yokogawa

Electric

Corp.

(Japan)

(2)(a)

5,800

179,242

3,643,126

IT

Services

-

1

.9

%

Akamai

Technologies,

Inc.

*(a)(b)

4,016

461,238

Amdocs

Ltd.

(a)

6,276

409,572

Cognizant

Technology

Solutions

Corp.,

Class

A

(a)

4,271

262,026

DXC

Technology

Co.

*(a)(b)

19,605

246,435

Fujitsu

Ltd.

(Japan)

(2)

6,600

134,974

Gartner,

Inc.

*(a)(b)

5,173

819,093

GoDaddy,

Inc.,

Class

A

*(a)(b)

1,862

153,932

International

Business

Machines

Corp.

(a)(b)

3,494

846,911

Kyndryl

Holdings,

Inc.

*(a)

21,046

276,123

Otsuka

Corp.

(Japan)

(2)(a)

3,300

63,177

VeriSign,

Inc.

(a)(b)

1,643

408,055

4,081,536

378

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Semiconductors

&

Semiconductor

Equipment

-

2

.8

%

Advantest

Corp.

(Japan)

(2)(a)

1,400

193,209

Amkor

Technology,

Inc.

(a)(b)

15,747

709,087

ASM

International

NV

(Netherlands)

(2)(a)

774

586,655

ASML

Holding

NV

(Netherlands)

(2)

(a)

102

135,635

BE

Semiconductor

Industries

NV

(Netherlands)

(2)(a)

690

147,794

Cirrus

Logic,

Inc.

*(a)

294

42,518

Disco

Corp.

(Japan)

(2)(a)

500

203,792

First

Solar,

Inc.

*(a)

1,683

331,989

GLOBALFOUNDRIES,

Inc.

*(a)

8,463

376,434

Intel

Corp.

*(a)(b)

7,283

321,399

Lam

Research

Corp.

(a)

1,195

255,324

Micron

Technology,

Inc.

(a)

2,152

727,032

MKS,

Inc.

(a)(b)

1,700

390,677

Onto

Innovation,

Inc.

*(a)

1,322

271,103

QUALCOMM,

Inc.

3,179

409,392

Rambus,

Inc.

*(a)

3,079

264,886

Teradyne,

Inc.

(a)

1,522

451,212

Universal

Display

Corp.

(a)(b)

1,305

119,616

5,937,754

Software

-

2

.7

%

Adobe,

Inc.

*(a)

4,479

1,088,755

Atlassian

Corp.,

Class

A

*

647

44,158

Aurora

Innovation,

Inc.

*(a)(b)

36,018

148,394

Autodesk,

Inc.

*(a)

570

136,458

BILL

Holdings,

Inc.

*(a)(b)

3,016

115,513

CCC

Intelligent

Solutions

Holdings,

Inc.

*(a)

32,408

194,448

Commvault

Systems,

Inc.

*(a)

349

27,184

Docusign,

Inc.,

Class

A

*

6,529

309,540

Dynatrace,

Inc.

*(a)

9,740

360,185

Elastic

NV

*(a)

438

21,896

Fortinet,

Inc.

*(a)

7,928

647,876

Gitlab,

Inc.,

Class

A

*

4,999

108,178

Microsoft

Corp.

818

302,799

nCino,

Inc.

*(a)

10,610

158,938

Nutanix,

Inc.,

Class

A

*(a)

7,300

277,473

Palantir

Technologies,

Inc.,

Class

A

*(a)(b)

1,740

254,527

Pegasystems,

Inc.

(a)

4,680

199,181

RingCentral,

Inc.,

Class

A

(a)(b)

8,820

328,016

SentinelOne,

Inc.,

Class

A

*(a)(b)

9,859

126,984

Technology

One

Ltd.

(Australia)

(2)

(a)

6,519

123,746

Temenos

AG

(Registered)

(Switzerland)

(2)

224

19,633

Trimble,

Inc.

*(a)(b)

2,509

163,662

Tyler

Technologies,

Inc.

*(a)(b)

751

257,127

Zoom

Communications,

Inc.,

Class

A

*(a)

5,075

407,979

5,822,650

INVESTMENTS

SHARES

VALUE

($)

Technology

Hardware,

Storage

&

Peripherals

-

1

.1

%

Brother

Industries

Ltd.

(Japan)

(2)(a)

11,100

205,495

Canon,

Inc.

(Japan)

(2)(a)

7,000

194,231

Dell

Technologies,

Inc.,

Class

C

(a)

1,489

244,389

Hewlett

Packard

Enterprise

Co.

(a)

(b)

39,286

935,400

Ricoh

Co.

Ltd.

(Japan)

(2)(a)

17,100

144,555

Sandisk

Corp.

*(a)

146

92,760

Seiko

Epson

Corp.

(Japan)

(2)(a)

13,600

168,139

Super

Micro

Computer,

Inc.

*

2,179

49,616

Western

Digital

Corp.

(a)(b)

722

195,294

2,229,879

Total

Information

Technology

22,106,467

Materials

-

7

.7

%

Chemicals

-

2

.8

%

Air

Liquide

SA

(France)

(2)(a)

144

29,765

Akzo

Nobel

NV

(Netherlands)

(2)

357

20,522

Albemarle

Corp.

(a)

833

149,549

Arkema

SA

(France)

(2)(a)

651

44,696

Asahi

Kasei

Corp.

(Japan)

(2)(a)

2,500

24,461

Ashland,

Inc.

(a)(b)

1,899

105,603

CF

Industries

Holdings,

Inc.

(a)

5,387

699,448

Corteva,

Inc.

(a)

5,327

445,923

Dow,

Inc.

(a)(b)

19,640

818,006

DSM-Firmenich

AG

(Switzerland)

(2)

1,546

110,576

Dyno

Nobel

Ltd.

(Australia)

(2)(a)

6,984

15,208

Eastman

Chemical

Co.

(a)(b)

475

36,252

Evonik

Industries

AG

(Germany)

(2)

(a)

10,052

197,247

Huntsman

Corp.

(a)

25,475

339,072

Linde

plc

461

228,545

LyondellBasell

Industries

NV,

Class

A

(a)(b)

7,519

605,731

Mitsubishi

Chemical

Group

Corp.

(Japan)

(2)(a)

16,800

98,215

Mitsui

Chemicals,

Inc.

(Japan)

(2)(a)

9,700

117,176

Mosaic

Co.

(The)

(a)

18,510

472,005

NewMarket

Corp.

(a)(b)

369

236,511

Nissan

Chemical

Corp.

(Japan)

(2)

800

31,109

Nutrien

Ltd.

(Canada)

(a)

1,778

134,216

Olin

Corp.

(a)(b)

12,265

364,639

Orica

Ltd.

(Australia)

(2)(a)

2,229

31,328

RPM

International,

Inc.

(a)

1,017

101,090

Toray

Industries,

Inc.

(Japan)

(2)(a)

19,900

141,740

Tosoh

Corp.

(Japan)

(2)(a)

2,300

34,189

Umicore

SA

(Belgium)

(2)(a)

1,101

21,005

Westlake

Corp.

2,139

249,878

Yara

International

ASA

(Brazil)

(2)

2,355

137,660

6,041,365

Construction

Materials

-

0

.1

%

Heidelberg

Materials

AG

(Germany)

(2)(a)

1,162

245,224

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

379

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Containers

&

Packaging

-

1

.0

%

AptarGroup,

Inc.

(a)

2,870

361,677

Avery

Dennison

Corp.

(a)(b)

304

52,495

Ball

Corp.

(a)

4,331

256,005

Crown

Holdings,

Inc.

(a)

4,984

499,646

Greif,

Inc.,

Class

A

(a)(b)

370

24,816

International

Paper

Co.

(a)

10,694

381,776

Packaging

Corp.

of

America

(a)(b)

854

181,236

Smurfit

Westrock

plc

(a)(b)

7,867

313,500

Sonoco

Products

Co.

(a)(b)

1,470

79,512

2,150,663

Metals

&

Mining

-

3

.6

%

Acerinox

SA

(2)(a)

9,059

126,655

Alamos

Gold,

Inc.,

Class

A

(Canada)

(a)

5,934

264,004

Alcoa

Corp.

(a)

5,386

357,253

Anglo

American

plc

(South

Africa)

(2)

3,075

132,027

ArcelorMittal

SA

(Luxembourg)

(2)

1,532

79,452

Aurubis

AG

(Germany)

(2)(a)

260

46,243

Barrick

Mining

Corp.

(Canada)

(a)

4,782

195,426

BHP

Group

Ltd.

(Australia)

(2)(a)

11,557

418,161

Boliden

AB

(Sweden)

(2)*(a)

9,114

477,773

DPM

Metals,

Inc.

(Canada)

(a)

736

25,914

Eldorado

Gold

Corp.

(Turkiye)

(a)(b)

1,725

59,236

Endeavour

Mining

plc

(Ivory

Coast)

(2)(a)

3,596

216,658

Evolution

Mining

Ltd.

(Australia)

(2)

(a)

25,389

228,621

First

Majestic

Silver

Corp.

(Canada)

(a)

6,389

136,956

Freeport-McMoRan,

Inc.

(a)

7,641

449,138

Fresnillo

plc

(Mexico)

(2)

2,900

128,545

Glencore

plc

(Australia)

(2)(a)

74,733

566,018

Hecla

Mining

Co.

(a)

6,697

124,765

IAMGOLD

Corp.

(Burkina

Faso)

*

8,305

156,178

IGO

Ltd.

(Australia)

(2)*(a)

24,926

139,158

JFE

Holdings,

Inc.

(Japan)

(2)(a)

40,500

474,144

Kinross

Gold

Corp.

(Canada)

(a)

13,335

407,690

Kobe

Steel

Ltd.

(Japan)

(2)(a)

31,872

386,803

Mitsui

Kinzoku

Co.

Ltd.

(Japan)

(2)

(a)

1,500

284,527

Newmont

Corp.

(a)

2,116

229,057

Nippon

Steel

Corp.

(Japan)

(2)(a)

24,900

91,820

Norsk

Hydro

ASA

(Norway)

(2)(a)

17,510

186,629

Northern

Star

Resources

Ltd.

(Australia)

(2)(a)

1,518

22,067

OceanaGold

Corp.

(Australia)

(a)

3,928

123,846

OR

Royalties,

Inc.

(Canada)

(a)

683

26,007

Pan

American

Silver

Corp.

(Canada)

(a)

4,308

235,669

Rio

Tinto

plc

(Australia)

(2)(a)

1,337

124,039

South32

Ltd.

(Australia)

(2)(a)

140,137

424,336

SSAB

AB,

Class

B

(Sweden)

(2)(a)

19,111

150,654

INVESTMENTS

SHARES

VALUE

($)

Metals

&

Mining

-

3.6%

(continued)

Sumitomo

Metal

Mining

Co.

Ltd.

(Japan)

(2)(a)

1,700

98,945

7,594,414

Paper

&

Forest

Products

-

0

.2

%

Louisiana-Pacific

Corp.

(a)(b)

2,114

153,794

Mondi

plc

(Austria)

(2)

2,550

28,829

Oji

Holdings

Corp.

(Japan)

(2)(a)

25,900

140,120

322,743

Total

Materials

16,354,409

Real

Estate

-

2

.3

%

Health

Care

REITs

-

0

.3

%

Alexandria

Real

Estate

Equities,

Inc.,

REIT

(a)

12,552

582,664

Sabra

Health

Care

REIT,

Inc.,

REIT

1,046

20,114

602,778

Hotel

&

Resort

REITs

-

0

.1

%

Host

Hotels

&

Resorts,

Inc.,

REIT

5,103

97,774

Park

Hotels

&

Resorts,

Inc.,

REIT

(a)

17,123

180,305

278,079

Industrial

REITs

-

0

.1

%

First

Industrial

Realty

Trust,

Inc.,

REIT

465

26,900

Lineage,

Inc.,

REIT

(a)

8,947

293,104

320,004

Office

REITs

-

0

.3

%

COPT

Defense

Properties,

REIT

(a)

3,948

120,809

Cousins

Properties,

Inc.,

REIT

2,058

46,449

Highwoods

Properties,

Inc.,

REIT

(a)(b)

926

19,826

Vornado

Realty

Trust,

REIT

(a)(b)

19,466

505,921

693,005

Real

Estate

Management

&

Development

-

0

.2

%

CK

Asset

Holdings

Ltd.

(Hong

Kong)

(2)(a)

9,000

51,496

Jones

Lang

LaSalle,

Inc.

*(a)(b)

616

187,461

Sun

Hung

Kai

Properties

Ltd.

(Hong

Kong)

(2)(a)

6,500

108,231

347,188

Residential

REITs

-

0

.4

%

American

Homes

4

Rent,

Class

A,

REIT

(a)

5,541

154,705

Camden

Property

Trust,

REIT

1,415

138,189

Equity

LifeStyle

Properties,

Inc.,

REIT

(a)(b)

1,114

69,536

Invitation

Homes,

Inc.,

REIT

(a)

5,452

135,482

Mid-America

Apartment

Communities,

Inc.,

REIT

(a)

1,964

239,843

Sun

Communities,

Inc.,

REIT

(a)

269

33,883

771,638

380

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Retail

REITs

-

0

.1

%

Federal

Realty

Investment

Trust,

REIT

(a)

356

37,810

NNN

REIT,

Inc.,

REIT

(a)(b)

2,727

114,616

152,426

Specialized

REITs

-

0

.8

%

American

Tower

Corp.,

REIT

(a)

1,924

332,044

CubeSmart,

REIT

(a)

5,936

217,554

EPR

Properties,

REIT

(a)

3,386

169,165

Equinix,

Inc.,

REIT

(a)(b)

130

127,431

Gaming

and

Leisure

Properties,

Inc.,

REIT

(a)

1,814

80,487

Iron

Mountain,

Inc.,

REIT

(a)

3,144

321,128

Lamar

Advertising

Co.,

Class

A,

REIT

(a)(b)

1,086

137,553

Millrose

Properties,

Inc.,

Class

A,

REIT

(a)

1,631

45,668

SBA

Communications

Corp.,

REIT

(a)(b)

1,551

266,943

VICI

Properties,

Inc.,

Class

A,

REIT

(a)

2,706

73,928

1,771,901

Total

Real

Estate

4,937,019

Utilities

-

4

.1

%

Electric

Utilities

-

2

.6

%

American

Electric

Power

Co.,

Inc.

(a)

803

105,257

Chubu

Electric

Power

Co.,

Inc.

(Japan)

(2)(a)

35,600

586,934

Constellation

Energy

Corp.

(a)(b)

1,137

317,507

Edison

International

(a)

11,226

821,519

EDP

SA

(Portugal)

(2)

12,983

68,702

Emera,

Inc.

(Canada)

(a)

267

13,840

Endesa

SA

(Spain)

(a)

945

39,410

Enel

SpA

(Italy)

(2)(a)

27,874

304,742

Evergy,

Inc.

(a)(b)

1,166

95,519

Eversource

Energy

(a)

2,517

174,378

Fortum

OYJ

(Finland)

(2)(a)

9,635

246,393

Kansai

Electric

Power

Co.,

Inc.

(The)

(Japan)

(2)(a)

20,300

337,509

Kyushu

Electric

Power

Co.,

Inc.

(Japan)

(2)(a)

27,200

315,291

NRG

Energy,

Inc.

556

81,254

OGE

Energy

Corp.

(a)

7,643

366,558

PG&E

Corp.

(a)

42,972

755,018

Pinnacle

West

Capital

Corp.

(a)(b)

2,284

230,113

Portland

General

Electric

Co.

(a)

8,708

459,521

PPL

Corp.

1,701

64,978

Tokyo

Electric

Power

Co.

Holdings,

Inc.

(Japan)

(2)*(a)

46,700

192,432

5,576,875

Gas

Utilities

-

0

.6

%

Enagas

SA

(Spain)

(a)

6,766

134,043

National

Fuel

Gas

Co.

(a)

648

60,886

New

Jersey

Resources

Corp.

(a)(b)

2,928

160,806

INVESTMENTS

SHARES

VALUE

($)

Gas

Utilities

-

0.6%

(continued)

ONE

Gas,

Inc.

(a)(b)

2,696

232,206

Snam

SpA

(Italy)

(2)(a)

12,360

93,632

Southwest

Gas

Holdings,

Inc.

(a)(b)

1,057

91,853

Spire,

Inc.

(a)(b)

892

80,762

Tokyo

Gas

Co.

Ltd.

(Japan)

(2)(a)

10,500

494,509

1,348,697

Independent

Power

and

Renewable

Electricity

Producers

-

0

.1

%

Orsted

A/S

(Denmark)

(2)*(a)(c)

4,115

102,048

RWE

AG

(Germany)

(2)(a)

3,096

208,295

310,343

Multi-Utilities

-

0

.6

%

A2A

SpA

(Italy)

(2)(a)

47,733

135,162

AGL

Energy

Ltd.

(Australia)

(2)(a)

18,958

129,784

Ameren

Corp.

(a)

3,922

431,106

Black

Hills

Corp.

(a)(b)

2,010

139,514

Centrica

plc

(United

Kingdom)

(2)(a)

77,268

218,779

Hera

SpA

(Italy)

(2)(a)

6,605

30,467

NiSource,

Inc.

(a)

2,251

105,032

Veolia

Environnement

SA

(France)

(2)(a)

638

24,299

1,214,143

Water

Utilities

-

0

.2

%

American

Water

Works

Co.,

Inc.

(a)

(b)

2,639

359,142

Total

Utilities

8,809,200

TOTAL

COMMON

STOCKS

(Cost

$186,439,624)

198,568,750

PREFERRED

STOCKS

-

0.2%

Consumer

Discretionary

-

0

.2

%

Automobiles

-

0

.2

%

Volkswagen

AG

(Preference)

(Germany)

(2)(a)

(Cost

$588,276)

4,905

501,745

NO.

OF

RIGHTS

RIGHTS

-

0.0%

†

Communication

Services

-

0

.0

%

†

Diversified

Telecommunication

Services

-

0

.0

%

†

Telecom

Italia

SpA,

expiring

4/1/2026

(Italy)

(2)*

(Cost

$–)

137,329

1

SHARES

SHORT-TERM

INVESTMENTS

-

80.6%

INVESTMENT

COMPANIES

-

53

.0

%

Goldman

Sachs

Financial

Square

Funds

-

Treasury

Instruments

Fund,

Institutional

Shares,

3.52%

(d)(e)

902,498

902,498

Limited

Purpose

Cash

Investment

Fund,

3.65%

(d)

111,678,296

111,678,296

TOTAL

INVESTMENT

COMPANIES

(Cost

$112,577,968)

112,580,794

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

381

(Continued)

INVESTMENTS

PRINCIPAL

AMOUNT

VALUE

($)

U.S.

TREASURY

OBLIGATIONS

-

27

.6

%

U.S.

Treasury

Bills

3.76%,

5/14/2026

(2)(f)

$

197,000

196,143

3.78%,

5/21/2026

(2)(f)

2,774,000

2,760,022

3.55%,

6/25/2026

(2)(f)

1,304,000

1,292,954

3.56%,

7/2/2026

(2)(f)

2,335,000

2,313,499

3.54%,

7/9/2026

(2)(f)

951,000

941,571

3.55%,

7/16/2026

(2)(f)

6,031,000

5,967,269

3.58%,

7/23/2026

(2)(f)

13,000,000

12,853,440

3.59%,

7/30/2026

(2)(f)

3,040,000

3,003,432

3.59%,

8/27/2026

(2)(f)

4,726,000

4,656,152

3.60%,

9/3/2026

(2)(f)

6,272,000

6,174,983

3.60%,

9/10/2026

(2)(f)

870,000

855,953

3.64%,

9/17/2026

(2)(f)

10,000,000

9,831,314

3.67%,

10/1/2026

(2)(f)

8,000,000

7,854,007

TOTAL

U.S.

TREASURY

OBLIGATIONS

(Cost

$58,711,616)

58,700,739

TOTAL

SHORT-TERM

INVESTMENTS

(Cost

$171,289,584)

171,281,533

NO.

OF

CONTRACTS

PURCHASED

OPTIONS

-

0.2%

Put

Option

s

-

0

.2

%

Over-the-Counter

Equity

Index

Options

-

0

.2

%

S&P

500

Index

JPMC

Exercise

Price:

USD

6,500

Notional

Amount:

USD

11,751,336

Expiration

Date:

6/18/2026

(2)

18

400,670

NOTIONAL

AMOUNT

Interest

Rate

Swaptions

-

0

.0

%

†

2-Year

Interest

Rate

Swap,

Pays

SOFR

Quarterly,

Receives

3.23%

Quarterly

JPMC

Exercise

Rate:

3.23%

Expiration

Date:

6/17/2026

(2)

$

14,643,273

27,253

TOTAL

PURCHASED

OPTIONS

(Cost

$385,765)

427,923

TOTAL

LONG

POSITIONS

(Cost

$358,703,249)

370,779,952

SHARES

SHORT

POSITIONS

-

(97.0)%

COMMON

STOCKS

-

(96.7)%

Communication

Services

-

(

4

.4

)

%

Diversified

Telecommunication

Services

-

(

1

.0

)

%

AST

SpaceMobile,

Inc.

(

4,975

)

(

412,278

)

BCE,

Inc.

(Canada)

(

13,047

)

(

329,200

)

BT

Group

plc

(United

Kingdom)

(2)

(

22,595

)

(

63,324

)

Cellnex

Telecom

SA

(Spain)

(2)(c)

(

11,689

)

(

375,857

)

Comcast

Corp.,

Class

A

(

8,074

)

(

231,804

)

INVESTMENTS

SHARES

VALUE

($)

Diversified

Telecommunication

Services

-

(1.0)%

(continued)

Deutsche

Telekom

AG

(Registered)

(Germany)

(2)

(

7,988

)

(

298,138

)

Infrastrutture

Wireless

Italiane

SpA

(Italy)

(2)(c)

(

13,359

)

(

106,609

)

NTT,

Inc.

(Japan)

(2)

(

44,800

)

(

44,821

)

Swisscom

AG

(Registered)

(Switzerland)

(2)

(

66

)

(

55,385

)

Telecom

Italia

SpA

(Italy)

(2)

(

123,126

)

(

86,447

)

Telstra

Group

Ltd.

(Australia)

(2)

(

63,863

)

(

235,757

)

(

2,239,620

)

Entertainment

-

(

1

.5

)

%

Capcom

Co.

Ltd.

(Japan)

(2)

(

16,300

)

(

344,450

)

CTS

Eventim

AG

&

Co.

KGaA

(Germany)

(2)

(

3,797

)

(

222,393

)

Embracer

Group

AB

(Sweden)

(2)

(

3,010

)

(

15,516

)

Konami

Group

Corp.

(Japan)

(2)

(

1,900

)

(

234,134

)

Liberty

Media

Corp-Liberty

Formula

One,

Class

A

(

2,022

)

(

157,878

)

Live

Nation

Entertainment,

Inc.

(

2,592

)

(

395,306

)

Nexon

Co.

Ltd.

(Japan)

(2)

(

3,900

)

(

73,463

)

Nintendo

Co.

Ltd.

(Japan)

(2)

(

10,500

)

(

599,399

)

ROBLOX

Corp.,

Class

A

(

3,102

)

(

175,449

)

Toho

Co.

Ltd.

(Japan)

(

7,900

)

(

82,980

)

Universal

Music

Group

NV

(Netherlands)

(2)

(

29,505

)

(

572,716

)

Walt

Disney

Co.

(The)

(

2,624

)

(

252,901

)

(

3,126,585

)

Interactive

Media

&

Services

-

(

1

.0

)

%

Alphabet,

Inc.,

Class

A

(

2,056

)

(

591,223

)

Autotrader

Group

plc

(United

Kingdom)

(2)(c)

(

11,027

)

(

69,019

)

CAR

Group

Ltd.

(Australia)

(2)

(

13,720

)

(

219,017

)

Match

Group,

Inc.

(

12,950

)

(

397,695

)

Pinterest,

Inc.,

Class

A

(

13,756

)

(

252,285

)

REA

Group

Ltd.

(Australia)

(2)

(

1,213

)

(

132,894

)

Reddit,

Inc.,

Class

A

(

2,847

)

(

383,349

)

Vend

Marketplaces

ASA

(Norway)

(

1,332

)

(

32,960

)

(

2,078,442

)

Media

-

(

0

.3

)

%

Dentsu

Group,

Inc.

(Japan)

(2)

(

4,000

)

(

68,749

)

EchoStar

Corp.,

Class

A

(

1,508

)

(

176,542

)

Fox

Corp.,

Class

A

(

2,548

)

(

148,803

)

Informa

plc

(United

Kingdom)

(2)

(

8,914

)

(

89,530

)

News

Corp.,

Class

A

(

1,926

)

(

48,015

)

Nexstar

Media

Group,

Inc.,

Class

A

(

580

)

(

104,881

)

Publicis

Groupe

SA

(France)

(2)

(

989

)

(

81,859

)

WPP

plc

(United

Kingdom)

(2)

(

9,180

)

(

28,710

)

(

747,089

)

Wireless

Telecommunication

Services

-

(

0

.6

)

%

KDDI

Corp.

(Japan)

(2)

(

4,200

)

(

71,512

)

Rogers

Communications,

Inc.,

Class

B

(Canada)

(

17,302

)

(

665,414

)

SoftBank

Corp.

(Japan)

(2)

(

125,500

)

(

167,935

)

382

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Wireless

Telecommunication

Services

-

(0.6)%

(continued)

SoftBank

Group

Corp.

(Japan)

(2)

(

11,700

)

(

284,892

)

(

1,189,753

)

Total

Communication

Services

(

9,381,489

)

Consumer

Discretionary

-

(

11

.0

)

%

Automobile

Components

-

(

0

.6

)

%

Aptiv

plc

(

7,014

)

(

487,052

)

Bridgestone

Corp.

(Japan)

(2)

(

4,500

)

(

93,772

)

Cie

Generale

des

Etablissements

Michelin

SCA

(France)

(2)

(

2,300

)

(

78,795

)

Continental

AG

(Germany)

(2)

(

505

)

(

35,253

)

Gentex

Corp.

(

10,694

)

(

233,664

)

QuantumScape

Corp.

(

27,007

)

(

172,305

)

Schaeffler

AG

(Germany)

(2)

(

6,707

)

(

56,021

)

Visteon

Corp.

(

1,382

)

(

125,914

)

Yokohama

Rubber

Co.

Ltd.

(The)

(Japan)

(2)

(

2,600

)

(

99,758

)

(

1,382,534

)

Automobiles

-

(

1

.3

)

%

Ferrari

NV

(Italy)

(2)

(

2,548

)

(

864,546

)

Ford

Motor

Co.

(

21,594

)

(

249,195

)

Rivian

Automotive,

Inc.,

Class

A

(

4,131

)

(

62,172

)

Suzuki

Motor

Corp.

(Japan)

(2)

(

14,900

)

(

181,612

)

Tesla,

Inc.

(

1,855

)

(

689,596

)

Thor

Industries,

Inc.

(

3,728

)

(

297,830

)

Toyota

Motor

Corp.

(Japan)

(2)

(

10,100

)

(

209,952

)

Yamaha

Motor

Co.

Ltd.

(Japan)

(2)

(

33,900

)

(

244,907

)

(

2,799,810

)

Broadline

Retail

-

(

1

.3

)

%

Amazon.com,

Inc.

(

714

)

(

148,705

)

Dollarama,

Inc.

(Canada)

(

1,008

)

(

123,712

)

eBay,

Inc.

(

3,355

)

(

305,372

)

Harvey

Norman

Holdings

Ltd.

(Australia)

(2)

(

4,827

)

(

16,583

)

MercadoLibre,

Inc.

(Brazil)

(

401

)

(

693,337

)

Ollie's

Bargain

Outlet

Holdings,

Inc.

(

967

)

(

89,002

)

Prosus

NV

(China)

(2)

(

16,880

)

(

781,469

)

Rakuten

Group,

Inc.

(Japan)

(2)

(

45,900

)

(

214,562

)

Sea

Ltd.,

ADR

(Singapore)

(

1,547

)

(

128,107

)

Wesfarmers

Ltd.

(Australia)

(2)

(

4,412

)

(

225,259

)

(

2,726,108

)

Distributors

-

(

0

.1

)

%

D'ieteren

Group

(Belgium)

(2)

(

1,100

)

(

203,668

)

Hotels,

Restaurants

&

Leisure

-

(

3

.6

)

%

Accor

SA

(France)

(2)

(

3,235

)

(

155,161

)

Amadeus

IT

Group

SA

(Spain)

(2)

(

5,652

)

(

323,186

)

Aristocrat

Leisure

Ltd.

(Australia)

(2)

(

4,871

)

(

154,826

)

Cava

Group,

Inc.

(

5,169

)

(

418,172

)

Choice

Hotels

International,

Inc.

(

948

)

(

98,118

)

Compass

Group

plc

(United

Kingdom)

(2)

(

11,182

)

(

311,988

)

Delivery

Hero

SE

(South

Korea)

(2)

(c)

(

12,054

)

(

223,977

)

INVESTMENTS

SHARES

VALUE

($)

Hotels,

Restaurants

&

Leisure

-

(3.6)%

(continued)

DoorDash,

Inc.,

Class

A

(

4,730

)

(

710,209

)

Dutch

Bros,

Inc.,

Class

A

(

10,366

)

(

525,142

)

Evolution

AB

(Sweden)

(2)(c)

(

2,275

)

(

142,980

)

FDJ

UNITED

(France)

(2)

(

4,357

)

(

128,222

)

Flutter

Entertainment

plc

(

4,167

)

(

424,826

)

Hilton

Worldwide

Holdings,

Inc.

(

1,131

)

(

343,914

)

Hyatt

Hotels

Corp.,

Class

A

(

2,158

)

(

310,299

)

Marriott

International,

Inc.,

Class

A

(

439

)

(

143,584

)

Oriental

Land

Co.

Ltd.

(Japan)

(2)

(

47,700

)

(

811,844

)

Planet

Fitness,

Inc.,

Class

A

(

5,583

)

(

415,264

)

Sodexo

SA

(France)

(2)

(

1,008

)

(

51,743

)

Starbucks

Corp.

(

887

)

(

79,466

)

Vail

Resorts,

Inc.

(

229

)

(

29,385

)

Wendy's

Co.

(The)

(

4,288

)

(

29,802

)

Whitbread

plc

(United

Kingdom)

(2)

(

2,415

)

(

74,250

)

Wingstop,

Inc.

(

3,039

)

(

470,954

)

Wyndham

Hotels

&

Resorts,

Inc.

(

745

)

(

60,516

)

Yum!

Brands,

Inc.

(

6,387

)

(

993,051

)

Zensho

Holdings

Co.

Ltd.

(Japan)

(2)

(

2,900

)

(

169,310

)

(

7,600,189

)

Household

Durables

-

(

0

.9

)

%

Barratt

Redrow

plc

(United

Kingdom)

(2)

(

10,405

)

(

36,190

)

Berkeley

Group

Holdings

plc

(United

Kingdom)

(2)

(

445

)

(

20,385

)

Iida

Group

Holdings

Co.

Ltd.

(Japan)

(2)

(

600

)

(

9,230

)

NVR,

Inc.

(

9

)

(

59,308

)

Panasonic

Holdings

Corp.

(Japan)

(2)

(

11,700

)

(

196,225

)

Persimmon

plc

(United

Kingdom)

(2)

(

3,863

)

(

55,146

)

SharkNinja,

Inc.

(

2,769

)

(

293,237

)

Somnigroup

International,

Inc.

(

4,160

)

(

307,507

)

Sony

Group

Corp.

(Japan)

(2)

(

20,500

)

(

427,276

)

Taylor

Wimpey

plc

(United

Kingdom)

(2)

(

21,041

)

(

24,991

)

TopBuild

Corp.

(

1,372

)

(

481,984

)

(

1,911,479

)

Leisure

Products

-

(

0

.2

)

%

Shimano,

Inc.

(Japan)

(2)

(

4,500

)

(

469,813

)

Specialty

Retail

-

(

2

.1

)

%

ABC-Mart,

Inc.

(Japan)

(

1,800

)

(

28,644

)

Auto1

Group

SE

(Germany)

(2)(g)

(

3,954

)

(

70,397

)

AutoZone,

Inc.

(

67

)

(

226,311

)

Carvana

Co.,

Class

A

(

1,562

)

(

491,061

)

Chewy,

Inc.,

Class

A

(

7,143

)

(

192,861

)

Dick's

Sporting

Goods,

Inc.

(

144

)

(

28,554

)

Fast

Retailing

Co.

Ltd.

(Japan)

(2)

(

1,100

)

(

434,617

)

Floor

&

Decor

Holdings,

Inc.,

Class

A

(

3,936

)

(

199,949

)

Home

Depot,

Inc.

(The)

(

1,960

)

(

644,624

)

JD

Sports

Fashion

plc

(United

Kingdom)

(2)

(

35,902

)

(

34,052

)

Lithia

Motors,

Inc.,

Class

A

(

765

)

(

191,036

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

383

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Specialty

Retail

-

(2.1)%

(continued)

Lowe's

Cos.,

Inc.

(

88

)

(

20,793

)

Nitori

Holdings

Co.

Ltd.

(Japan)

(2)

(

1,500

)

(

23,831

)

O'Reilly

Automotive,

Inc.

(

2,329

)

(

214,990

)

Sanrio

Co.

Ltd.

(Japan)

(2)

(

30,500

)

(

189,626

)

Tractor

Supply

Co.

(

5,522

)

(

250,147

)

Ulta

Beauty,

Inc.

(

158

)

(

82,588

)

Valvoline,

Inc.

(

14,792

)

(

498,195

)

Wayfair,

Inc.,

Class

A

(

3,540

)

(

266,243

)

ZOZO,

Inc.

(Japan)

(2)

(

48,400

)

(

338,941

)

(

4,427,460

)

Textiles,

Apparel

&

Luxury

Goods

-

(

0

.9

)

%

Asics

Corp.

(Japan)

(2)

(

18,100

)

(

486,621

)

Brunello

Cucinelli

SpA

(Italy)

(2)

(

1,962

)

(

171,467

)

Crocs,

Inc.

(

310

)

(

25,736

)

Gildan

Activewear,

Inc.

(Canada)

(

2,092

)

(

116,503

)

Hermes

International

SCA

(France)

(2)

(

186

)

(

352,350

)

Lululemon

Athletica,

Inc.

(

981

)

(

150,191

)

NIKE,

Inc.,

Class

B

(

9,827

)

(

519,062

)

Swatch

Group

AG

(The)

(Switzerland)

(2)

(

567

)

(

125,172

)

(

1,947,102

)

Total

Consumer

Discretionary

(

23,468,163

)

Consumer

Staples

-

(

6

.5

)

%

Beverages

-

(

1

.6

)

%

Anheuser-Busch

InBev

SA/NV

(Belgium)

(2)

(

1,341

)

(

92,778

)

Brown-Forman

Corp.,

Class

B

(

3,777

)

(

99,864

)

Celsius

Holdings,

Inc.

(

5,248

)

(

186,199

)

Coca-Cola

HBC

AG

(Italy)

(2)

(

1,402

)

(

78,974

)

Constellation

Brands,

Inc.,

Class

A

(

1,402

)

(

210,300

)

Davide

Campari-Milano

NV

(Italy)

(2)

(

11,382

)

(

81,321

)

Diageo

plc

(United

Kingdom)

(2)

(

33,550

)

(

623,936

)

Heineken

NV

(Netherlands)

(2)

(

426

)

(

32,767

)

Keurig

Dr

Pepper,

Inc.

(

23,679

)

(

623,468

)

Monster

Beverage

Corp.

(

6,923

)

(

501,641

)

Pernod

Ricard

SA

(France)

(2)

(

6,911

)

(

513,915

)

Remy

Cointreau

SA

(France)

(2)

(

1,505

)

(

65,080

)

Suntory

Beverage

&

Food

Ltd.

(Japan)

(2)

(

1,700

)

(

48,008

)

Treasury

Wine

Estates

Ltd.

(Australia)

(2)

(

62,728

)

(

161,886

)

(

3,320,137

)

Consumer

Staples

Distribution

&

Retail

-

(

2

.1

)

%

Aeon

Co.

Ltd.

(Japan)

(2)

(

24,000

)

(

286,943

)

Alimentation

Couche-Tard,

Inc.

(Canada)

(

3,186

)

(

180,588

)

Axfood

AB

(Sweden)

(

1,402

)

(

47,643

)

BJ's

Wholesale

Club

Holdings,

Inc.

(

3,816

)

(

375,571

)

Coles

Group

Ltd.

(Australia)

(2)

(

33,385

)

(

506,276

)

Endeavour

Group

Ltd.

(Australia)

(2)

(

42,111

)

(

95,323

)

INVESTMENTS

SHARES

VALUE

($)

Consumer

Staples

Distribution

&

Retail

-

(2.1)%

(continued)

Jeronimo

Martins

SGPS

SA

(Portugal)

(2)

(

2,706

)

(

64,704

)

Kobe

Bussan

Co.

Ltd.

(Japan)

(2)

(

11,900

)

(

257,504

)

Loblaw

Cos.

Ltd.

(Canada)

(

2,760

)

(

125,828

)

Maplebear,

Inc.

(

2,320

)

(

86,907

)

Marks

&

Spencer

Group

plc

(United

Kingdom)

(2)

(

27,039

)

(

121,830

)

MatsukiyoCocokara

&

Co.

(Japan)

(

3,600

)

(

57,299

)

Performance

Food

Group

Co.

(

3,993

)

(

342,040

)

Sysco

Corp.

(

7,265

)

(

518,213

)

US

Foods

Holding

Corp.

(

4,008

)

(

369,578

)

Walmart,

Inc.

(

6,232

)

(

774,513

)

Woolworths

Group

Ltd.

(Australia)

(2)

(

10,332

)

(

260,906

)

(

4,471,666

)

Food

Products

-

(

2

.3

)

%

AAK

AB

(Sweden)

(2)

(

5,197

)

(

133,837

)

Ajinomoto

Co.,

Inc.

(Japan)

(2)

(

1,100

)

(

31,098

)

Associated

British

Foods

plc

(United

Kingdom)

(2)

(

4,192

)

(

104,936

)

Bunge

Global

SA

(

1,668

)

(

212,170

)

Campbell's

Co.

(The)

(

21,342

)

(

475,286

)

Chocoladefabriken

Lindt

&

Spruengli

AG

(Switzerland)

(2)

(

23

)

(

322,966

)

Flowers

Foods,

Inc.

(

3,593

)

(

29,283

)

Freshpet,

Inc.

(

3,965

)

(

233,776

)

Hormel

Foods

Corp.

(

17,126

)

(

387,904

)

J

M

Smucker

Co.

(The)

(

513

)

(

49,474

)

Kikkoman

Corp.

(Japan)

(2)

(

20,900

)

(

189,746

)

Kraft

Heinz

Co.

(The)

(

16,116

)

(

362,449

)

Lamb

Weston

Holdings,

Inc.

(

625

)

(

26,412

)

Lotus

Bakeries

NV

(Belgium)

(2)

(

3

)

(

33,872

)

McCormick

&

Co.,

Inc.

(Non-Voting)

(

2,100

)

(

105,924

)

Mondelez

International,

Inc.,

Class

A

(

21,984

)

(

1,267,158

)

Nestle

SA

(Registered)

(2)

(

3,424

)

(

335,864

)

Nissin

Foods

Holdings

Co.

Ltd.

(Japan)

(2)

(

9,000

)

(

170,817

)

Post

Holdings,

Inc.

(

3,017

)

(

298,261

)

Salmar

ASA

(Norway)

(

654

)

(

38,161

)

Yakult

Honsha

Co.

Ltd.

(Japan)

(2)

(

7,000

)

(

117,133

)

(

4,926,527

)

Household

Products

-

(

0

.2

)

%

Kimberly-Clark

Corp.

(

814

)

(

78,527

)

Procter

&

Gamble

Co.

(The)

(

393

)

(

56,765

)

Reynolds

Consumer

Products,

Inc.

(

2,339

)

(

49,540

)

Unicharm

Corp.

(Japan)

(

36,200

)

(

212,243

)

(

397,075

)

Personal

Care

Products

-

(

0

.1

)

%

Coty,

Inc.,

Class

A

(

31,217

)

(

62,746

)

L'Oreal

SA

(France)

(2)

(

590

)

(

240,892

)

(

303,638

)

384

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Tobacco

-

(

0

.2

)

%

Japan

Tobacco,

Inc.

(Japan)

(2)

(

9,100

)

(

349,111

)

Total

Consumer

Staples

(

13,768,154

)

Energy

-

(

3

.2

)

%

Energy

Equipment

&

Services

-

(

0

.8

)

%

SLB

Ltd.

(

25,300

)

(

1,300,167

)

Technip

Energies

NV

(France)

(2)

(

539

)

(

22,777

)

Tenaris

SA

(2)

(

14,022

)

(

409,895

)

(

1,732,839

)

Oil,

Gas

&

Consumable

Fuels

-

(

2

.4

)

%

Aker

BP

ASA

(Norway)

(2)

(

7,884

)

(

291,463

)

Ampol

Ltd.

(Australia)

(2)

(

4,243

)

(

98,410

)

Bollore

SE

(France)

(2)

(

17,533

)

(

100,254

)

Cameco

Corp.

(Canada)

(

1,133

)

(

123,212

)

CNX

Resources

Corp.

(

1,288

)

(

49,652

)

Devon

Energy

Corp.

(

6,464

)

(

325,268

)

Diamondback

Energy,

Inc.

(

2,494

)

(

493,288

)

DT

Midstream,

Inc.

(

961

)

(

129,418

)

Expand

Energy

Corp.

(

1,350

)

(

148,203

)

Galp

Energia

SGPS

SA

(Portugal)

(2)

(

12,996

)

(

311,613

)

Gaztransport

Et

Technigaz

SA

(France)

(2)

(

367

)

(

86,316

)

Imperial

Oil

Ltd.

(Canada)

(

842

)

(

110,287

)

Inpex

Corp.

(Japan)

(2)

(

3,300

)

(

97,612

)

Keyera

Corp.

(Canada)

(

6,210

)

(

240,213

)

Neste

OYJ

(Finland)

(2)

(

2,043

)

(

66,393

)

New

Hope

Corp.

Ltd.

(Australia)

(2)

(

4,846

)

(

19,796

)

NexGen

Energy

Ltd.

(Canada)

(

6,608

)

(

76,668

)

ONEOK,

Inc.

(

12,850

)

(

1,161,512

)

Range

Resources

Corp.

(

4,609

)

(

208,235

)

Shell

plc

(2)

(

1,790

)

(

82,904

)

Targa

Resources

Corp.

(

2,675

)

(

670,703

)

Texas

Pacific

Land

Corp.

(

114

)

(

54,100

)

Whitecap

Resources,

Inc.

(Canada)

(

6,536

)

(

73,766

)

Woodside

Energy

Group

Ltd.

(Australia)

(2)

(

2,758

)

(

65,468

)

(

5,084,754

)

Total

Energy

(

6,817,593

)

Financials

-

(

14

.0

)

%

Banks

-

(

4

.1

)

%

AL

Sydbank

(Denmark)

(2)

(

289

)

(

23,228

)

Associated

Banc-Corp.

(

1,976

)

(

51,099

)

Banca

Monte

dei

Paschi

di

Siena

SpA

(Italy)

(2)

(

29,299

)

(

255,649

)

Bank

OZK

(

5,426

)

(

248,999

)

Commerce

Bancshares,

Inc.

(

929

)

(

45,707

)

Cullen/Frost

Bankers,

Inc.

(

425

)

(

58,259

)

DBS

Group

Holdings

Ltd.

(Singapore)

(2)

(

12,800

)

(

569,602

)

East

West

Bancorp,

Inc.

(

214

)

(

22,847

)

Fifth

Third

Bancorp

(

15,956

)

(

741,316

)

FinecoBank

Banca

Fineco

SpA

(Italy)

(2)

(

1,797

)

(

39,981

)

INVESTMENTS

SHARES

VALUE

($)

Banks

-

(4.1)%

(continued)

First

Citizens

BancShares,

Inc.,

Class

A

(

210

)

(

395,779

)

First

Financial

Bankshares,

Inc.

(

3,824

)

(

112,617

)

First

Hawaiian,

Inc.

(

971

)

(

23,925

)

Flagstar

Bank

NA

(

15,473

)

(

203,779

)

FNB

Corp.

(

5,262

)

(

87,981

)

Glacier

Bancorp,

Inc.

(

9,971

)

(

445,405

)

Hancock

Whitney

Corp.

(

1,393

)

(

88,581

)

Home

BancShares,

Inc.

(

4,364

)

(

117,522

)

Huntington

Bancshares,

Inc.

(

30,776

)

(

481,644

)

International

Bancshares

Corp.

(

1,620

)

(

109,010

)

JPMorgan

Chase

&

Co.

(

858

)

(

252,389

)

M&T

Bank

Corp.

(

1,400

)

(

289,408

)

Mitsubishi

UFJ

Financial

Group,

Inc.

(Japan)

(2)

(

12,800

)

(

216,754

)

National

Australia

Bank

Ltd.

(Australia)

(2)

(

11,625

)

(

336,261

)

National

Bank

of

Canada

(Canada)

(

555

)

(

71,818

)

Old

National

Bancorp

(

15,165

)

(

335,146

)

Pinnacle

Financial

Partners,

Inc.

(

2,147

)

(

184,943

)

Rakuten

Bank

Ltd.

(Japan)

(2)

(

9,600

)

(

350,973

)

Regions

Financial

Corp.

(

17,169

)

(

448,454

)

Royal

Bank

of

Canada

(Canada)

(

1,386

)

(

224,056

)

SOUTHSTATE

BANK

Corp.

(

666

)

(

61,618

)

Standard

Chartered

plc

(United

Kingdom)

(2)

(

1,336

)

(

27,842

)

Sumitomo

Mitsui

Financial

Group,

Inc.

(Japan)

(2)

(

11,200

)

(

368,260

)

TFS

Financial

Corp.

(

3,255

)

(

45,733

)

Truist

Financial

Corp.

(

3,496

)

(

160,711

)

UMB

Financial

Corp.

(

2,141

)

(

241,483

)

United

Overseas

Bank

Ltd.

(Singapore)

(2)

(

4,100

)

(

117,366

)

US

Bancorp

(

7,003

)

(

364,226

)

Western

Alliance

Bancorp

(

1,519

)

(

107,621

)

Westpac

Banking

Corp.

(Australia)

(2)

(

14,974

)

(

413,810

)

(

8,741,802

)

Capital

Markets

-

(

3

.2

)

%

Blackrock,

Inc.

(

194

)

(

186,572

)

Blackstone,

Inc.

(

1,461

)

(

168,000

)

Brookfield

Asset

Management

Ltd.,

Class

A

(Canada)

(

9,939

)

(

441,900

)

Brookfield

Corp.,

Class

A

(Canada)

(

6,445

)

(

261,163

)

Cboe

Global

Markets,

Inc.

(

495

)

(

139,130

)

Charles

Schwab

Corp.

(The)

(

6,405

)

(

601,942

)

Coinbase

Global,

Inc.,

Class

A

(

793

)

(

138,466

)

CVC

Capital

Partners

plc

(Luxembourg)

(2)(c)

(

16,379

)

(

213,833

)

Daiwa

Securities

Group,

Inc.

(Japan)

(2)

(

20,700

)

(

196,141

)

EQT

AB

(Sweden)

(2)

(

7,872

)

(

244,250

)

FactSet

Research

Systems,

Inc.

(

714

)

(

154,931

)

Franklin

Resources,

Inc.

(

4,226

)

(

99,818

)

Freedom

Holding

Corp.

(Kazakhstan)

(

685

)

(

99,243

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

385

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Capital

Markets

-

(3.2)%

(continued)

Hamilton

Lane,

Inc.,

Class

A

(

3,869

)

(

384,579

)

Intercontinental

Exchange,

Inc.

(

422

)

(

66,372

)

LPL

Financial

Holdings,

Inc.

(

1,238

)

(

372,427

)

Macquarie

Group

Ltd.

(Australia)

(2)

(

591

)

(

83,956

)

Moody's

Corp.

(

1,102

)

(

480,747

)

Morningstar,

Inc.

(

145

)

(

24,512

)

MSCI,

Inc.,

Class

A

(

216

)

(

116,426

)

Nordnet

AB

publ

(Sweden)

(2)

(

1,734

)

(

56,466

)

Partners

Group

Holding

AG

(Switzerland)

(2)

(

729

)

(

785,746

)

Robinhood

Markets,

Inc.,

Class

A

(

4,982

)

(

345,253

)

S&P

Global,

Inc.

(

1,048

)

(

445,756

)

SEI

Investments

Co.

(

3,302

)

(

259,108

)

T.

Rowe

Price

Group,

Inc.

(

2,032

)

(

183,164

)

TMX

Group

Ltd.

(Canada)

(

1,628

)

(

57,731

)

TPG,

Inc.

(

5,959

)

(

241,399

)

(

6,849,031

)

Consumer

Finance

-

(

0

.3

)

%

Credit

Acceptance

Corp.

(

228

)

(

96,549

)

SLM

Corp.

(

4,340

)

(

92,919

)

SoFi

Technologies,

Inc.

(

13,767

)

(

218,620

)

Synchrony

Financial

(

2,740

)

(

186,375

)

(

594,463

)

Financial

Services

-

(

2

.4

)

%

Adyen

NV

(Netherlands)

(2)(c)

(

789

)

(

789,671

)

Affirm

Holdings,

Inc.,

Class

A

(

5,955

)

(

272,858

)

Block,

Inc.,

Class

A

(

7,290

)

(

438,712

)

Corebridge

Financial,

Inc.

(

1,794

)

(

42,805

)

Edenred

SE

(France)

(2)

(

2,699

)

(

53,761

)

EXOR

NV

(Netherlands)

(2)

(

628

)

(

48,072

)

Investor

AB,

Class

B

(Sweden)

(2)

(

2,437

)

(

92,301

)

Jack

Henry

&

Associates,

Inc.

(

2,065

)

(

326,353

)

Mastercard,

Inc.,

Class

A

(

2,035

)

(

1,016,808

)

Rocket

Cos.,

Inc.,

Class

A

(

17,608

)

(

250,914

)

Shift4

Payments,

Inc.,

Class

A

(

782

)

(

34,197

)

Toast,

Inc.,

Class

A

(

23,528

)

(

623,727

)

Visa,

Inc.,

Class

A

(

2,285

)

(

690,618

)

Voya

Financial,

Inc.

(

2,153

)

(

147,093

)

Washington

H

Soul

Pattinson

&

Co.

Ltd.

(Australia)

(2)

(

4,836

)

(

135,906

)

Wise

plc,

Class

A

(United

Kingdom)

(2)

(

16,182

)

(

194,867

)

(

5,158,663

)

Insurance

-

(

4

.0

)

%

Admiral

Group

plc

(United

Kingdom)

(2)

(

1,830

)

(

76,541

)

Aflac,

Inc.

(

6,200

)

(

680,202

)

Allianz

SE

(Registered)

(Germany)

(2)

(

898

)

(

379,242

)

Aon

plc,

Class

A

(

995

)

(

321,166

)

Arthur

J

Gallagher

&

Co.

(

2,358

)

(

510,696

)

ASR

Nederland

NV

(Netherlands)

(2)

(

902

)

(

62,100

)

Assurant,

Inc.

(

1,036

)

(

225,651

)

INVESTMENTS

SHARES

VALUE

($)

Insurance

-

(4.0)%

(continued)

Brown

&

Brown,

Inc.

(

8,066

)

(

525,984

)

Cincinnati

Financial

Corp.

(

935

)

(

147,122

)

Erie

Indemnity

Co.,

Class

A

(

466

)

(

117,110

)

Generali

(Italy)

(2)

(

12,330

)

(

496,054

)

Gjensidige

Forsikring

ASA

(Norway)

(2)

(

3,541

)

(

92,628

)

Globe

Life,

Inc.

(

307

)

(

42,725

)

Hannover

Rueck

SE

(Germany)

(2)

(

159

)

(

49,990

)

Hartford

Insurance

Group,

Inc.

(The)

(

1,806

)

(

244,225

)

Helvetia

Baloise

Holding

AG

(Switzerland)

(2)

(

668

)

(

172,885

)

Insurance

Australia

Group

Ltd.

(Australia)

(

7,424

)

(

37,597

)

Intact

Financial

Corp.

(Canada)

(

494

)

(

89,517

)

Kemper

Corp.

(

1,924

)

(

58,797

)

Kinsale

Capital

Group,

Inc.

(

906

)

(

309,544

)

Lincoln

National

Corp.

(

8,245

)

(

292,697

)

Markel

Group,

Inc.

(

116

)

(

222,032

)

Marsh

&

McLennan

Cos.,

Inc.

(

275

)

(

47,699

)

Medibank

Pvt

Ltd.

(Australia)

(2)

(

34,871

)

(

105,512

)

Muenchener

Rueckversicherungs-

Gesellschaft

AG

in

Muenchen

(Registered)

(Germany)

(2)

(

97

)

(

61,260

)

Progressive

Corp.

(The)

(

1,756

)

(

348,109

)

Prudential

plc

(Hong

Kong)

(2)

(

4,018

)

(

55,863

)

RLI

Corp.

(

4,176

)

(

238,199

)

Ryan

Specialty

Holdings,

Inc.,

Class

A

(

16,198

)

(

546,521

)

Sampo

OYJ,

Class

A

(Finland)

(

2,329

)

(

24,772

)

Suncorp

Group

Ltd.

(Australia)

(2)

(

3,528

)

(

39,594

)

Swiss

Life

Holding

AG

(Registered)

(Switzerland)

(2)

(

402

)

(

437,864

)

Swiss

Re

AG

(2)

(

2,258

)

(

379,293

)

Tokio

Marine

Holdings,

Inc.

(Japan)

(2)

(

2,400

)

(

112,658

)

Tryg

A/S

(Denmark)

(

1,301

)

(

31,010

)

W

R

Berkley

Corp.

(

3,564

)

(

236,222

)

White

Mountains

Insurance

Group

Ltd.

(

12

)

(

26,364

)

Willis

Towers

Watson

plc

(

1,813

)

(

527,039

)

(

8,372,484

)

Total

Financials

(

29,716,443

)

Health

Care

-

(

11

.2

)

%

Biotechnology

-

(

3

.0

)

%

AbbVie,

Inc.

(

905

)

(

196,828

)

Alnylam

Pharmaceuticals,

Inc.

(

1,556

)

(

514,834

)

Apellis

Pharmaceuticals,

Inc.

(

15,480

)

(

622,760

)

Argenx

SE

(Netherlands)

(2)

(

603

)

(

437,621

)

Arrowhead

Pharmaceuticals,

Inc.

(

6,974

)

(

437,270

)

CSL

Ltd.

(Australia)

(2)

(

2,945

)

(

289,255

)

Cytokinetics,

Inc.

(

8,367

)

(

551,469

)

Genmab

A/S

(Denmark)

(2)

(

709

)

(

190,949

)

Gilead

Sciences,

Inc.

(

2,987

)

(

416,298

)

Insmed,

Inc.

(

1,946

)

(

318,210

)

Ionis

Pharmaceuticals,

Inc.

(

12,742

)

(

956,797

)

386

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Biotechnology

-

(3.0)%

(continued)

Moderna,

Inc.

(

1,909

)

(

96,977

)

Natera,

Inc.

(

2,418

)

(

483,576

)

Revolution

Medicines,

Inc.

(

911

)

(

88,595

)

Summit

Therapeutics,

Inc.

(

14,167

)

(

268,606

)

Swedish

Orphan

Biovitrum

AB

(Sweden)

(2)

(

3,887

)

(

162,906

)

Telix

Pharmaceuticals

Ltd.

(Australia)

(2)

(

4,771

)

(

45,678

)

Vertex

Pharmaceuticals,

Inc.

(

634

)

(

283,106

)

(

6,361,735

)

Health

Care

Equipment

&

Supplies

-

(

2

.9

)

%

Abbott

Laboratories

(

2,021

)

(

207,496

)

Alcon

AG

(2)

(

1,279

)

(

96,680

)

Align

Technology,

Inc.

(

1,045

)

(

179,144

)

Ambu

A/S,

Class

B

(Denmark)

(2)

(

1,129

)

(

12,066

)

Becton

Dickinson

&

Co.

(

5,446

)

(

856,275

)

BioMerieux

(France)

(2)

(

169

)

(

18,055

)

Boston

Scientific

Corp.

(

4,193

)

(

263,111

)

Cochlear

Ltd.

(Australia)

(2)

(

1,704

)

(

200,511

)

Coloplast

A/S,

Class

B

(Denmark)

(2)

(

4,963

)

(

338,074

)

Convatec

Group

plc

(United

Kingdom)

(2)(c)

(

14,742

)

(

42,522

)

Demant

A/S

(Denmark)

(2)

(

5,120

)

(

155,154

)

Dexcom,

Inc.

(

1,280

)

(

80,384

)

DiaSorin

SpA

(Italy)

(2)

(

2,797

)

(

195,966

)

EssilorLuxottica

SA

(France)

(2)

(

243

)

(

56,625

)

GE

HealthCare

Technologies,

Inc.

(

1,840

)

(

130,971

)

Getinge

AB,

Class

B

(Sweden)

(2)

(

2,877

)

(

58,078

)

IDEXX

Laboratories,

Inc.

(

784

)

(

440,522

)

Inspire

Medical

Systems,

Inc.

(

2,550

)

(

131,529

)

Intuitive

Surgical,

Inc.

(

438

)

(

201,914

)

Koninklijke

Philips

NV

(Netherlands)

(2)

(

836

)

(

22,866

)

Medtronic

plc

(

6,395

)

(

554,127

)

Olympus

Corp.

(Japan)

(2)

(

42,900

)

(

408,722

)

ResMed,

Inc.

(

219

)

(

49,161

)

Siemens

Healthineers

AG

(Germany)

(2)(c)

(

8,925

)

(

380,795

)

Smith

&

Nephew

plc

(United

Kingdom)

(2)

(

6,767

)

(

107,216

)

Sonova

Holding

AG

(Registered)

(Switzerland)

(2)

(

380

)

(

86,645

)

Straumann

Holding

AG

(Registered)

(Switzerland)

(2)

(

3,136

)

(

328,098

)

Sysmex

Corp.

(Japan)

(2)

(

6,200

)

(

54,069

)

Teleflex,

Inc.

(

1,949

)

(

233,120

)

Terumo

Corp.

(Japan)

(2)

(

16,800

)

(

225,704

)

Zimmer

Biomet

Holdings,

Inc.

(

980

)

(

88,612

)

(

6,204,212

)

Health

Care

Providers

&

Services

-

(

2

.1

)

%

Acadia

Healthcare

Co.,

Inc.

(

8,694

)

(

203,353

)

Amplifon

SpA

(Italy)

(2)

(

1,379

)

(

15,214

)

Cardinal

Health,

Inc.

(

551

)

(

116,432

)

Cencora,

Inc.

(

3,082

)

(

968,179

)

INVESTMENTS

SHARES

VALUE

($)

Health

Care

Providers

&

Services

-

(2.1)%

(continued)

CVS

Health

Corp.

(

1,534

)

(

110,172

)

Elevance

Health,

Inc.

(

2,625

)

(

768,469

)

Galenica

AG

(Switzerland)

(2)(c)

(

51

)

(

5,806

)

HealthEquity,

Inc.

(

463

)

(

38,693

)

Henry

Schein,

Inc.

(

1,809

)

(

133,323

)

Hims

&

Hers

Health,

Inc.

(

7,385

)

(

153,313

)

Humana,

Inc.

(

2,069

)

(

358,744

)

Labcorp

Holdings,

Inc.

(

1,362

)

(

363,395

)

McKesson

Corp.

(

201

)

(

173,937

)

Option

Care

Health,

Inc.

(

8,325

)

(

224,109

)

Quest

Diagnostics,

Inc.

(

1,298

)

(

254,382

)

Ramsay

Health

Care

Ltd.

(Australia)

(2)

(

4,284

)

(

116,520

)

Sonic

Healthcare

Ltd.

(Australia)

(2)

(

1,507

)

(

21,413

)

UnitedHealth

Group,

Inc.

(

1,374

)

(

371,791

)

(

4,397,245

)

Health

Care

Technology

-

(

0

.1

)

%

M3,

Inc.

(Japan)

(2)

(

22,100

)

(

226,843

)

Life

Sciences

Tools

&

Services

-

(

1

.1

)

%

Bachem

Holding

AG,

Class

B

(Switzerland)

(2)

(

256

)

(

21,124

)

Bio-Techne

Corp.

(

8,605

)

(

449,697

)

Charles

River

Laboratories

International,

Inc.

(

1,168

)

(

201,480

)

Lonza

Group

AG

(Registered)

(Switzerland)

(2)

(

443

)

(

284,193

)

Mettler-Toledo

International,

Inc.

(

60

)

(

75,672

)

QIAGEN

NV

(2)

(

4,581

)

(

185,575

)

Repligen

Corp.

(

3,091

)

(

364,182

)

Revvity,

Inc.

(

874

)

(

76,571

)

Tecan

Group

AG

(Registered)

(Switzerland)

(2)

(

165

)

(

28,085

)

Tempus

AI,

Inc.,

Class

A

(

2,793

)

(

126,299

)

Thermo

Fisher

Scientific,

Inc.

(

664

)

(

326,376

)

Waters

Corp.

(

834

)

(

248,365

)

(

2,387,619

)

Pharmaceuticals

-

(

2

.0

)

%

AstraZeneca

plc

(United

Kingdom)

(2)

(

514

)

(

100,507

)

Chugai

Pharmaceutical

Co.

Ltd.

(Japan)

(2)

(

9,300

)

(

512,881

)

Corcept

Therapeutics,

Inc.

(

4,023

)

(

162,167

)

Daiichi

Sankyo

Co.

Ltd.

(Japan)

(2)

(

18,800

)

(

336,344

)

Eisai

Co.

Ltd.

(Japan)

(2)

(

5,300

)

(

165,926

)

Elanco

Animal

Health,

Inc.

(

13,687

)

(

327,530

)

Financiere

de

Tubize

SA

(Belgium)

(2)

(

389

)

(

96,498

)

Galderma

Group

AG

(Switzerland)

(2)

(

305

)

(

59,943

)

Haleon

plc

(2)

(

58,442

)

(

289,229

)

Johnson

&

Johnson

(

1,790

)

(

437,547

)

Kyowa

Kirin

Co.

Ltd.

(Japan)

(2)

(

2,100

)

(

34,369

)

Merck

KGaA

(Germany)

(2)

(

1,417

)

(

180,035

)

Novo

Nordisk

A/S,

Class

B

(Denmark)

(2)

(

14,827

)

(

542,587

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

387

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Pharmaceuticals

-

(2.0)%

(continued)

Perrigo

Co.

plc

(

6,036

)

(

64,827

)

Royalty

Pharma

plc,

Class

A

(

1,974

)

(

94,693

)

Sandoz

Group

AG

(Switzerland)

(2)

(

4,796

)

(

375,771

)

UCB

SA

(Belgium)

(2)

(

507

)

(

152,757

)

Zoetis,

Inc.,

Class

A

(

2,189

)

(

258,762

)

(

4,192,373

)

Total

Health

Care

(

23,770,027

)

Industrials

-

(

18

.0

)

%

Aerospace

&

Defense

-

(

3

.1

)

%

AeroVironment,

Inc.

(

1,651

)

(

302,216

)

Airbus

SE

(France)

(2)

(

617

)

(

116,658

)

Axon

Enterprise,

Inc.

(

1,536

)

(

652,324

)

Babcock

International

Group

plc

(United

Kingdom)

(2)

(

7,647

)

(

118,717

)

BAE

Systems

plc

(United

Kingdom)

(2)

(

6,912

)

(

202,649

)

Boeing

Co.

(The)

(

2,748

)

(

546,934

)

Bombardier,

Inc.,

Class

B

(Canada)

(

485

)

(

85,774

)

CAE,

Inc.

(Canada)

(

480

)

(

12,498

)

GE

Aerospace

(

344

)

(

97,617

)

HEICO

Corp.

(

2,192

)

(

601,046

)

Hensoldt

AG

(Germany)

(2)

(

4,211

)

(

373,728

)

Hexcel

Corp.

(

1,006

)

(

81,416

)

Kratos

Defense

&

Security

Solutions,

Inc.

(

3,312

)

(

233,529

)

L3Harris

Technologies,

Inc.

(

2,207

)

(

761,746

)

Loar

Holdings,

Inc.

(

6,708

)

(

384,301

)

MTU

Aero

Engines

AG

(Germany)

(2)

(

1,136

)

(

414,434

)

Northrop

Grumman

Corp.

(

148

)

(

100,972

)

Rocket

Lab

Corp.

(

3,377

)

(

216,871

)

Rolls-Royce

Holdings

plc

(United

Kingdom)

(2)

(

16,265

)

(

247,105

)

StandardAero,

Inc.

(

7,039

)

(

181,817

)

TransDigm

Group,

Inc.

(

700

)

(

811,272

)

(

6,543,624

)

Air

Freight

&

Logistics

-

(

0

.5

)

%

CH

Robinson

Worldwide,

Inc.

(

2,274

)

(

377,643

)

DSV

A/S

(Denmark)

(2)

(

1,108

)

(

267,591

)

Expeditors

International

of

Washington,

Inc.

(

3,064

)

(

438,857

)

GXO

Logistics,

Inc.

(

1,825

)

(

94,626

)

(

1,178,717

)

Building

Products

-

(

1

.4

)

%

A

O

Smith

Corp.

(

5,280

)

(

348,163

)

AAON,

Inc.

(

1,823

)

(

150,853

)

Assa

Abloy

AB,

Class

B

(Sweden)

(2)

(

14,516

)

(

524,723

)

Belimo

Holding

AG

(Registered)

(Switzerland)

(2)

(

345

)

(

280,191

)

Builders

FirstSource,

Inc.

(

3,906

)

(

321,581

)

Carrier

Global

Corp.

(

2,911

)

(

163,918

)

Cie

de

Saint-Gobain

SA

(France)

(2)

(

3,707

)

(

306,919

)

INVESTMENTS

SHARES

VALUE

($)

Building

Products

-

(1.4)%

(continued)

Daikin

Industries

Ltd.

(Japan)

(2)

(

2,400

)

(

287,873

)

Fortune

Brands

Innovations,

Inc.

(

3,016

)

(

117,534

)

Geberit

AG

(Registered)

(Switzerland)

(2)

(

481

)

(

324,690

)

Hayward

Holdings,

Inc.

(

3,529

)

(

47,218

)

ROCKWOOL

A/S,

Class

B

(Denmark)

(2)

(

1,063

)

(

29,525

)

TOTO

Ltd.

(Japan)

(2)

(

300

)

(

9,918

)

UFP

Industries,

Inc.

(

400

)

(

36,848

)

(

2,949,954

)

Commercial

Services

&

Supplies

-

(

1

.0

)

%

Cintas

Corp.

(

519

)

(

87,784

)

Cleanaway

Waste

Management

Ltd.

(Australia)

(2)

(

44,846

)

(

71,017

)

Element

Fleet

Management

Corp.

(Canada)

(

3,093

)

(

67,081

)

GFL

Environmental,

Inc.

(

1,724

)

(

71,917

)

MSA

Safety,

Inc.

(

365

)

(

59,842

)

RB

Global,

Inc.

(Canada)

(

1,874

)

(

179,721

)

Rentokil

Initial

plc

(United

Kingdom)

(2)

(

5,132

)

(

31,849

)

Republic

Services,

Inc.,

Class

A

(

400

)

(

87,608

)

Rollins,

Inc.

(

5,889

)

(

314,531

)

Secom

Co.

Ltd.

(Japan)

(2)

(

6,200

)

(

236,163

)

SPIE

SA

(France)

(2)

(

5,900

)

(

295,446

)

Tetra

Tech,

Inc.

(

9,685

)

(

291,712

)

Waste

Management,

Inc.

(

1,157

)

(

265,867

)

(

2,060,538

)

Construction

&

Engineering

-

(

0

.9

)

%

ACS

Actividades

de

Construccion

y

Servicios

SA

(Spain)

(2)

(

286

)

(

34,879

)

AECOM

(

2,186

)

(

185,416

)

API

Group

Corp.

(

6,890

)

(

279,183

)

Dycom

Industries,

Inc.

(

873

)

(

295,790

)

Ferrovial

SE

(2)

(

5,633

)

(

366,463

)

Fluor

Corp.

(

1,912

)

(

89,195

)

HOCHTIEF

AG

(Germany)

(2)

(

314

)

(

142,829

)

MasTec,

Inc.

(

78

)

(

25,096

)

WillScot

Holdings

Corp.

(

26,955

)

(

467,939

)

WSP

Global,

Inc.

(Canada)

(

465

)

(

72,369

)

(

1,959,159

)

Electrical

Equipment

-

(

1

.6

)

%

Eaton

Corp.

plc

(

1,646

)

(

588,725

)

Emerson

Electric

Co.

(

3,986

)

(

522,246

)

Fujikura

Ltd.

(Japan)

(2)

(

6,000

)

(

165,012

)

GE

Vernova,

Inc.

(

149

)

(

130,062

)

Generac

Holdings,

Inc.

(

1,496

)

(

292,214

)

Hubbell,

Inc.,

Class

B

(

637

)

(

312,601

)

Nextpower,

Inc.,

Class

A

(

1,512

)

(

182,272

)

NIDEC

Corp.

(Japan)

(2)

(

26,100

)

(

331,423

)

Plug

Power,

Inc.

(

14,262

)

(

32,232

)

Prysmian

SpA

(Italy)

(2)

(

904

)

(

106,754

)

Regal

Rexnord

Corp.

(

119

)

(

22,284

)

Rockwell

Automation,

Inc.

(

653

)

(

234,349

)

388

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Electrical

Equipment

-

(1.6)%

(continued)

Schneider

Electric

SE

(2)

(

1,838

)

(

500,637

)

(

3,420,811

)

Ground

Transportation

-

(

1

.0

)

%

Avis

Budget

Group,

Inc.

(

634

)

(

92,469

)

East

Japan

Railway

Co.

(Japan)

(2)

(

6,300

)

(

144,090

)

Grab

Holdings

Ltd.,

Class

A

(Singapore)

(

135,854

)

(

497,226

)

Keisei

Electric

Railway

Co.

Ltd.

(Japan)

(2)

(

16,800

)

(

125,697

)

Lyft,

Inc.,

Class

A

(

12,582

)

(

167,340

)

Seibu

Holdings,

Inc.

(Japan)

(2)

(

7,700

)

(

215,128

)

Tokyu

Corp.

(Japan)

(2)

(

1,700

)

(

20,067

)

Uber

Technologies,

Inc.

(

9,185

)

(

660,677

)

U-Haul

Holding

Co.

(

986

)

(

44,045

)

XPO,

Inc.

(

1,107

)

(

215,367

)

(

2,182,106

)

Industrial

Conglomerates

-

(

0

.3

)

%

Lifco

AB,

Class

B

(Sweden)

(2)

(

8,040

)

(

243,229

)

Siemens

AG

(Registered)

(Germany)

(2)

(

2,012

)

(

490,192

)

(

733,421

)

Machinery

-

(

3

.9

)

%

Aalberts

NV

(Netherlands)

(2)

(

972

)

(

33,852

)

Atlas

Copco

AB,

Class

A

(Sweden)

(2)

(

60,459

)

(

1,066,910

)

Crane

Co.

(

384

)

(

65,664

)

Daifuku

Co.

Ltd.

(Japan)

(2)

(

14,400

)

(

508,451

)

Deere

&

Co.

(

1,141

)

(

642,725

)

Ebara

Corp.

(Japan)

(2)

(

15,000

)

(

424,622

)

Esab

Corp.

(

1,259

)

(

121,695

)

Flowserve

Corp.

(

385

)

(

28,301

)

Fortive

Corp.

(

378

)

(

20,896

)

Georg

Fischer

AG

(Registered)

(Switzerland)

(2)

(

1,160

)

(

59,843

)

Hoshizaki

Corp.

(Japan)

(2)

(

2,800

)

(

90,138

)

Husqvarna

AB,

Class

B

(Sweden)

(2)

(

5,974

)

(

23,658

)

IDEX

Corp.

(

544

)

(

103,115

)

IHI

Corp.

(Japan)

(2)

(

1,400

)

(

28,886

)

Indutrade

AB

(Sweden)

(2)

(

7,387

)

(

169,376

)

Ingersoll

Rand,

Inc.

(

7,190

)

(

576,063

)

Kone

OYJ,

Class

B

(Finland)

(2)

(

5,173

)

(

330,248

)

Middleby

Corp.

(The)

(

656

)

(

86,972

)

MINEBEA

MITSUMI,

Inc.

(Japan)

(2)

(

2,500

)

(

41,513

)

Mitsubishi

Heavy

Industries

Ltd.

(Japan)

(2)

(

8,000

)

(

219,813

)

Otis

Worldwide

Corp.

(

6,583

)

(

507,418

)

Parker-Hannifin

Corp.

(

545

)

(

487,906

)

Rational

AG

(Germany)

(2)

(

37

)

(

27,145

)

RENK

Group

AG

(Germany)

(2)

(

5,293

)

(

316,372

)

SMC

Corp.

(Japan)

(2)

(

1,000

)

(

393,298

)

Spirax

Group

plc

(United

Kingdom)

(2)

(

582

)

(

52,213

)

SPX

Technologies,

Inc.

(

827

)

(

165,350

)

INVESTMENTS

SHARES

VALUE

($)

Machinery

-

(3.9)%

(continued)

Stanley

Black

&

Decker,

Inc.

(

2,575

)

(

182,980

)

Sulzer

AG

(Registered)

(Switzerland)

(2)

(

236

)

(

49,476

)

Terex

Corp.

(

4,205

)

(

248,515

)

Toyota

Industries

Corp.

(Japan)

(2)

(

1,684

)

(

217,775

)

Volvo

AB,

Class

B

(Sweden)

(2)

(

3,685

)

(

121,160

)

Weir

Group

plc

(The)

(United

Kingdom)

(2)

(

3,016

)

(

113,108

)

Xylem,

Inc.

(

3,869

)

(

462,346

)

Yaskawa

Electric

Corp.

(Japan)

(2)

(

9,100

)

(

240,347

)

(

8,228,150

)

Marine

Transportation

-

(

0

.1

)

%

Kuehne

+

Nagel

International

AG

(Registered)

(Switzerland)

(2)

(

713

)

(

163,281

)

Passenger

Airlines

-

(

0

.2

)

%

Alaska

Air

Group,

Inc.

(

7,089

)

(

260,734

)

Singapore

Airlines

Ltd.

(Singapore)

(2)

(

22,900

)

(

118,088

)

(

378,822

)

Professional

Services

-

(

1

.7

)

%

Amentum

Holdings,

Inc.

(

5,592

)

(

145,839

)

Arcadis

NV

(Netherlands)

(2)

(

2,821

)

(

90,249

)

Automatic

Data

Processing,

Inc.

(

2,113

)

(

429,319

)

BayCurrent,

Inc.

(Japan)

(2)

(

11,600

)

(

335,777

)

Booz

Allen

Hamilton

Holding

Corp.,

Class

A

(

918

)

(

71,632

)

Bureau

Veritas

SA

(France)

(2)

(

2,354

)

(

70,459

)

Exponent,

Inc.

(

685

)

(

44,696

)

Parsons

Corp.

(

2,585

)

(

140,029

)

Paychex,

Inc.

(

3,481

)

(

320,670

)

Paycom

Software,

Inc.

(

1,519

)

(

184,619

)

Paylocity

Holding

Corp.

(

565

)

(

61,043

)

Randstad

NV

(Netherlands)

(2)

(

1,139

)

(

29,728

)

Recruit

Holdings

Co.

Ltd.

(Japan)

(2)

(

7,900

)

(

344,203

)

Robert

Half,

Inc.

(

11,423

)

(

290,144

)

SGS

SA

(Registered)

(Switzerland)

(2)

(

1,117

)

(

117,720

)

Thomson

Reuters

Corp.

(Canada)

(

3,282

)

(

296,232

)

UL

Solutions,

Inc.,

Class

A

(

2,839

)

(

243,331

)

Verisk

Analytics,

Inc.,

Class

A

(

1,318

)

(

250,090

)

Wolters

Kluwer

NV

(Netherlands)

(2)

(

2,039

)

(

152,289

)

(

3,618,069

)

Trading

Companies

&

Distributors

-

(

2

.2

)

%

AddTech

AB,

Class

B

(Sweden)

(2)

(

4,402

)

(

151,054

)

Air

Lease

Corp.,

Class

A

(

1,616

)

(

104,943

)

Beijer

Ref

AB,

Class

B

(Sweden)

(2)

(

2,610

)

(

36,183

)

Brenntag

SE

(Germany)

(2)

(

1,296

)

(

87,789

)

Bunzl

plc

(United

Kingdom)

(2)

(

7,778

)

(

234,160

)

Core

&

Main,

Inc.,

Class

A

(

1,055

)

(

52,117

)

Diploma

plc

(United

Kingdom)

(2)

(

1,280

)

(

102,198

)

Fastenal

Co.

(

6,123

)

(

284,107

)

GATX

Corp.

(

414

)

(

70,686

)

IMCD

NV

(Netherlands)

(2)

(

491

)

(

51,381

)

ITOCHU

Corp.

(Japan)

(2)

(

42,800

)

(

544,437

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

389

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Trading

Companies

&

Distributors

-

(2.2)%

(continued)

Marubeni

Corp.

(Japan)

(2)

(

10,300

)

(

376,794

)

Mitsubishi

Corp.

(Japan)

(2)

(

28,500

)

(

977,720

)

MonotaRO

Co.

Ltd.

(Japan)

(2)

(

21,400

)

(

231,966

)

MSC

Industrial

Direct

Co.,

Inc.,

Class

A

(

712

)

(

65,696

)

QXO,

Inc.

(

37,845

)

(

734,950

)

RS

GROUP

plc

(United

Kingdom)

(2)

(

5,086

)

(

38,084

)

SGH

Ltd.

(Australia)

(2)

(

411

)

(

11,693

)

Sunbelt

Rentals

Holdings,

Inc.

(2)

(

401

)

(

25,580

)

United

Rentals,

Inc.

(

85

)

(

61,928

)

Watsco,

Inc.

(

685

)

(

249,196

)

WW

Grainger,

Inc.

(

160

)

(

174,530

)

(

4,667,192

)

Transportation

Infrastructure

-

(

0

.1

)

%

Aeroports

de

Paris

SA

(France)

(2)

(

223

)

(

27,243

)

Atlas

Arteria

Ltd.

(Australia)

(2)

(

12,894

)

(

38,239

)

Transurban

Group

(Australia)

(2)

(

21,805

)

(

212,704

)

(

278,186

)

Total

Industrials

(

38,362,030

)

Information

Technology

-

(

13

.1

)

%

Communications

Equipment

-

(

0

.8

)

%

Arista

Networks,

Inc.

(

3,326

)

(

408,366

)

Cisco

Systems,

Inc.

(

4,489

)

(

348,302

)

F5,

Inc.

(

1,086

)

(

314,213

)

Lumentum

Holdings,

Inc.

(

649

)

(

456,091

)

Motorola

Solutions,

Inc.

(

325

)

(

141,040

)

(

1,668,012

)

Electronic

Equipment,

Instruments

&

Components

-

(

1

.9

)

%

Belden,

Inc.

(

1,678

)

(

192,685

)

Cognex

Corp.

(

1,158

)

(

56,730

)

Coherent

Corp.

(

1,160

)

(

276,324

)

Crane

NXT

Co.

(

5,140

)

(

208,633

)

Halma

plc

(United

Kingdom)

(2)

(

563

)

(

28,730

)

Ibiden

Co.

Ltd.

(Japan)

(2)

(

7,900

)

(

395,320

)

Keyence

Corp.

(Japan)

(2)

(

3,300

)

(

1,174,494

)

Keysight

Technologies,

Inc.

(

147

)

(

41,508

)

Littelfuse,

Inc.

(

332

)

(

112,664

)

Novanta,

Inc.

(

2,987

)

(

352,795

)

Ralliant

Corp.

(

3,822

)

(

158,957

)

Shimadzu

Corp.

(Japan)

(2)

(

7,200

)

(

171,093

)

TDK

Corp.

(Japan)

(2)

(

1,800

)

(

23,382

)

TE

Connectivity

plc

(Switzerland)

(

1,293

)

(

270,263

)

Teledyne

Technologies,

Inc.

(

296

)

(

179,083

)

Vontier

Corp.

(

3,144

)

(

111,518

)

Zebra

Technologies

Corp.,

Class

A

(

930

)

(

194,444

)

(

3,948,623

)

IT

Services

-

(

1

.9

)

%

ASGN,

Inc.

(

807

)

(

31,239

)

Capgemini

SE

(France)

(2)

(

833

)

(

98,293

)

CGI,

Inc.

(Canada)

(

2,339

)

(

170,999

)

Cloudflare,

Inc.,

Class

A

(

1,804

)

(

372,237

)

INVESTMENTS

SHARES

VALUE

($)

IT

Services

-

(1.9)%

(continued)

EPAM

Systems,

Inc.

(

524

)

(

70,949

)

Indra

Sistemas

SA

(Spain)

(2)

(

7,192

)

(

401,964

)

MongoDB,

Inc.,

Class

A

(

1,803

)

(

441,320

)

NEXTDC

Ltd.

(Australia)

(2)

(

30,457

)

(

243,503

)

Nomura

Research

Institute

Ltd.

(Japan)

(2)

(

22,200

)

(

607,562

)

Obic

Co.

Ltd.

(Japan)

(

11,300

)

(

274,267

)

Okta,

Inc.,

Class

A

(

645

)

(

50,768

)

Reply

SpA

(Italy)

(2)

(

860

)

(

80,934

)

Shopify,

Inc.,

Class

A

(Canada)

(

5,501

)

(

652,717

)

Snowflake,

Inc.,

Class

A

(

1,656

)

(

249,758

)

TIS,

Inc.

(Japan)

(2)

(

4,800

)

(

102,631

)

Twilio,

Inc.,

Class

A

(

1,645

)

(

206,974

)

(

4,056,115

)

Semiconductors

&

Semiconductor

Equipment

-

(

3

.3

)

%

Advanced

Micro

Devices,

Inc.

(

1,738

)

(

353,561

)

Allegro

MicroSystems,

Inc.

(Japan)

(

14,266

)

(

449,807

)

Astera

Labs,

Inc.

(

3,451

)

(

378,230

)

Credo

Technology

Group

Holding

Ltd.

(

930

)

(

87,299

)

Enphase

Energy,

Inc.

(

7,946

)

(

300,438

)

Infineon

Technologies

AG

(Germany)

(2)

(

13,534

)

(

613,985

)

Kioxia

Holdings

Corp.

(Japan)

(2)

(

900

)

(

117,540

)

KLA

Corp.

(

92

)

(

135,462

)

Kokusai

Electric

Corp.

(Japan)

(2)

(

6,100

)

(

206,270

)

Lasertec

Corp.

(Japan)

(2)

(

2,800

)

(

623,206

)

Lattice

Semiconductor

Corp.

(

2,587

)

(

239,970

)

MACOM

Technology

Solutions

Holdings,

Inc.

(

928

)

(

206,081

)

Marvell

Technology,

Inc.

(

809

)

(

80,131

)

Monolithic

Power

Systems,

Inc.

(

582

)

(

636,330

)

NVIDIA

Corp.

(

845

)

(

147,368

)

NXP

Semiconductors

NV

(Netherlands)

(

1,762

)

(

346,867

)

ON

Semiconductor

Corp.

(

646

)

(

40,000

)

Qnity

Electronics,

Inc.

(

2,527

)

(

291,565

)

Renesas

Electronics

Corp.

(Japan)

(2)

(

28,000

)

(

400,323

)

SCREEN

Holdings

Co.

Ltd.

(Japan)

(2)

(

4,000

)

(

238,306

)

Skyworks

Solutions,

Inc.

(

1,987

)

(

106,404

)

STMicroelectronics

NV

(Singapore)

(2)

(

8,513

)

(

289,686

)

Synaptics,

Inc.

(

1,455

)

(

101,908

)

Technoprobe

SpA

(Italy)

(2)

(

7,374

)

(

123,578

)

Tokyo

Electron

Ltd.

(Japan)

(2)

(

1,600

)

(

397,522

)

(

6,911,837

)

Software

-

(

3

.9

)

%

Appfolio,

Inc.,

Class

A

(

2,320

)

(

366,142

)

AppLovin

Corp.,

Class

A

(

466

)

(

185,468

)

Bentley

Systems,

Inc.,

Class

B

(

7,873

)

(

276,500

)

Blackbaud,

Inc.

(

535

)

(

20,656

)

Cadence

Design

Systems,

Inc.

(

691

)

(

192,008

)

390

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Software

-

(3.9)%

(continued)

Constellation

Software,

Inc.

(Canada)

(

176

)

(

308,957

)

Crowdstrike

Holdings,

Inc.,

Class

A

(

866

)

(

338,095

)

Dassault

Systemes

SE

(France)

(2)

(

31,030

)

(

628,179

)

Datadog,

Inc.,

Class

A

(

228

)

(

26,915

)

Descartes

Systems

Group,

Inc.

(The)

(Canada)

(

369

)

(

26,430

)

Dolby

Laboratories,

Inc.,

Class

A

(

109

)

(

6,546

)

Dropbox,

Inc.,

Class

A

(

10,487

)

(

238,265

)

Gen

Digital,

Inc.

(

4,606

)

(

86,731

)

Guidewire

Software,

Inc.

(

1,171

)

(

175,135

)

HubSpot,

Inc.

(

880

)

(

214,808

)

Intuit,

Inc.

(

1,107

)

(

478,645

)

Manhattan

Associates,

Inc.

(

1,825

)

(

242,944

)

Nemetschek

SE

(Germany)

(2)

(

1,443

)

(

108,023

)

Open

Text

Corp.

(Canada)

(

9,363

)

(

208,650

)

Oracle

Corp.

Japan

(Japan)

(

1,300

)

(

70,502

)

Palo

Alto

Networks,

Inc.

(

6,468

)

(

1,036,950

)

Procore

Technologies,

Inc.

(

1,309

)

(

74,613

)

PTC,

Inc.

(

317

)

(

45,169

)

Qualys,

Inc.

(

1,414

)

(

124,220

)

Rubrik,

Inc.,

Class

A

(

1,644

)

(

80,507

)

Sage

Group

plc

(The)

(United

Kingdom)

(2)

(

10,108

)

(

113,264

)

Salesforce,

Inc.

(

958

)

(

178,830

)

Samsara,

Inc.,

Class

A

(

12,594

)

(

399,104

)

SAP

SE

(Germany)

(2)

(

1,094

)

(

186,508

)

ServiceNow,

Inc.

(

4,144

)

(

433,255

)

TeamViewer

SE

(Germany)

(2)(c)

(

3,715

)

(

19,258

)

Teradata

Corp.

(

1,444

)

(

37,010

)

Trend

Micro,

Inc.

(Japan)

(2)

(

7,800

)

(

260,025

)

UiPath,

Inc.,

Class

A

(

14,546

)

(

161,461

)

WiseTech

Global

Ltd.

(Australia)

(2)

(

8,203

)

(

221,322

)

Workday,

Inc.,

Class

A

(

3,002

)

(

390,020

)

Xero

Ltd.

(New

Zealand)

(2)

(

2,473

)

(

130,698

)

Zscaler,

Inc.

(

2,093

)

(

293,627

)

(

8,385,440

)

Technology

Hardware,

Storage

&

Peripherals

-

(

1

.3

)

%

Apple,

Inc.

(

5,278

)

(

1,339,504

)

Everpure,

Inc.,

Class

A

(

3,756

)

(

221,754

)

FUJIFILM

Holdings

Corp.

(Japan)

(2)

(

19,300

)

(

367,774

)

HP,

Inc.

(

3,279

)

(

62,990

)

IonQ,

Inc.

(

7,661

)

(

220,867

)

Logitech

International

SA

(Registered)

(Switzerland)

(2)

(

928

)

(

86,178

)

NetApp,

Inc.

(

4,745

)

(

485,840

)

Seagate

Technology

Holdings

plc

(

201

)

(

78,744

)

(

2,863,651

)

Total

Information

Technology

(

27,833,678

)

INVESTMENTS

SHARES

VALUE

($)

Materials

-

(

5

.4

)

%

Chemicals

-

(

2

.8

)

%

Air

Products

and

Chemicals,

Inc.

(

706

)

(

205,086

)

Avient

Corp.

(

5,428

)

(

197,036

)

BASF

SE

(Germany)

(2)

(

674

)

(

41,512

)

Celanese

Corp.,

Class

A

(

1,182

)

(

77,740

)

Clariant

AG

(Registered)

(Switzerland)

(2)

(

4,455

)

(

43,708

)

Croda

International

plc

(United

Kingdom)

(2)

(

987

)

(

37,065

)

DuPont

de

Nemours,

Inc.

(

10,089

)

(

462,076

)

Element

Solutions,

Inc.

(

6,447

)

(

220,101

)

EMS-Chemie

Holding

AG

(Registered)

(Switzerland)

(2)

(

191

)

(

150,181

)

FMC

Corp.

(

3,073

)

(

52,917

)

Givaudan

SA

(Registered)

(Switzerland)

(2)

(

12

)

(

40,578

)

International

Flavors

&

Fragrances,

Inc.

(

3,470

)

(

251,749

)

LANXESS

AG

(Germany)

(2)

(

2,864

)

(

63,320

)

Nippon

Paint

Holdings

Co.

Ltd.

(Japan)

(2)

(

49,800

)

(

312,273

)

Nippon

Sanso

Holdings

Corp.

(Japan)

(2)

(

7,200

)

(

255,301

)

Nitto

Denko

Corp.

(Japan)

(2)

(

8,800

)

(

176,037

)

Novonesis

Novozymes,

Class

B

(Denmark)

(2)

(

12,684

)

(

753,571

)

PPG

Industries,

Inc.

(

4,318

)

(

461,508

)

Resonac

Holdings

Corp.

(Japan)

(2)

(

2,000

)

(

130,168

)

Scotts

Miracle-Gro

Co.

(The)

(

4,678

)

(

284,469

)

Sherwin-Williams

Co.

(The)

(

2,128

)

(

682,130

)

Shin-Etsu

Chemical

Co.

Ltd.

(Japan)

(2)

(

10,700

)

(

435,691

)

Sika

AG

(Registered)

(Switzerland)

(2)

(

1,607

)

(

265,988

)

Symrise

AG,

Class

A

(Germany)

(2)

(

3,359

)

(

286,831

)

Wacker

Chemie

AG

(Germany)

(2)

(

40

)

(

3,960

)

(

5,890,996

)

Construction

Materials

-

(

0

.6

)

%

CRH

plc

(

2,547

)

(

267,741

)

Holcim

AG

(2)

(

1,203

)

(

99,442

)

James

Hardie

Industries

plc,

ADR

(

19,513

)

(

369,576

)

Knife

River

Corp.

(

1,095

)

(

89,407

)

Martin

Marietta

Materials,

Inc.

(

350

)

(

206,038

)

Vulcan

Materials

Co.

(

644

)

(

175,361

)

(

1,207,565

)

Containers

&

Packaging

-

(

0

.3

)

%

Amcor

plc

(

7,468

)

(

296,853

)

CCL

Industries,

Inc.,

Class

B

(Canada)

(

1,007

)

(

63,094

)

Graphic

Packaging

Holding

Co.

(

11,992

)

(

119,200

)

SIG

Group

AG

(Switzerland)

(2)

(

6,248

)

(

93,660

)

Silgan

Holdings,

Inc.

(

1,670

)

(

64,796

)

(

637,603

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

391

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Metals

&

Mining

-

(

1

.6

)

%

Agnico

Eagle

Mines

Ltd.

(Canada)

(

1,422

)

(

288,642

)

Cleveland-Cliffs,

Inc.

(

11,912

)

(

100,656

)

Equinox

Gold

Corp.

(Canada)

(

1,969

)

(

28,436

)

First

Quantum

Minerals

Ltd.

(Zambia)

(

849

)

(

20,299

)

Fortescue

Ltd.

(Australia)

(2)

(

11,383

)

(

162,659

)

Franco-Nevada

Corp.

(Canada)

(

338

)

(

83,692

)

G

Mining

Ventures

Corp.

(Canada)

(

566

)

(

19,863

)

Hudbay

Minerals,

Inc.

(Canada)

(

956

)

(

20,019

)

Ivanhoe

Mines

Ltd.,

Class

A

(Congo,

Democratic

Republic

of

the)

(

4,913

)

(

41,992

)

Liontown

Ltd.

(Australia)

(2)

(

116,531

)

(

142,234

)

Lundin

Gold,

Inc.

(Canada)

(

766

)

(

58,539

)

Lundin

Mining

Corp.

(Chile)

(

1,045

)

(

26,059

)

Lynas

Rare

Earths

Ltd.

(Australia)

(2)

(

54,453

)

(

739,334

)

Mineral

Resources

Ltd.

(Australia)

(2)

(

3,043

)

(

116,890

)

MP

Materials

Corp.

(

7,734

)

(

373,243

)

Nucor

Corp.

(

1,055

)

(

178,401

)

PLS

Group

Ltd.

(Australia)

(2)

(

40,853

)

(

149,585

)

Reliance,

Inc.

(

141

)

(

42,853

)

Royal

Gold,

Inc.

(

1,647

)

(

419,145

)

Steel

Dynamics,

Inc.

(

2,293

)

(

412,740

)

(

3,425,281

)

Paper

&

Forest

Products

-

(

0

.1

)

%

Holmen

AB,

Class

B

(Sweden)

(2)

(

719

)

(

25,783

)

Svenska

Cellulosa

AB

SCA,

Class

B

(Sweden)

(2)

(

15,003

)

(

173,950

)

UPM-Kymmene

OYJ

(Finland)

(2)

(

1,332

)

(

41,692

)

(

241,425

)

Total

Materials

(

11,402,870

)

Real

Estate

-

(

4

.4

)

%

Diversified

REITs

-

(

0

.1

)

%

WP

Carey,

Inc.,

REIT

(

1,510

)

(

102,620

)

Health

Care

REITs

-

(

1

.1

)

%

American

Healthcare

REIT,

Inc.,

REIT

(

15,036

)

(

709,098

)

Healthcare

Realty

Trust,

Inc.,

REIT

(

7,465

)

(

126,830

)

Healthpeak

Properties,

Inc.,

REIT

(

16,502

)

(

271,128

)

Medical

Properties

Trust,

Inc.,

REIT

(

4,455

)

(

20,626

)

Omega

Healthcare

Investors,

Inc.,

REIT

(

2,446

)

(

107,184

)

Welltower,

Inc.,

REIT

(

6,004

)

(

1,187,051

)

(

2,421,917

)

Industrial

REITs

-

(

0

.2

)

%

Americold

Realty

Trust,

Inc.,

REIT

(

4,106

)

(

47,055

)

EastGroup

Properties,

Inc.,

REIT

(

172

)

(

31,836

)

Prologis,

Inc.,

REIT

(

2,801

)

(

370,236

)

Rexford

Industrial

Realty,

Inc.,

REIT

(

1,829

)

(

59,863

)

(

508,990

)

INVESTMENTS

SHARES

VALUE

($)

Office

REITs

-

(

0

.0

)

%

†

Kilroy

Realty

Corp.,

REIT

(

2,084

)

(

58,790

)

Real

Estate

Management

&

Development

-

(

0

.5

)

%

CapitaLand

Investment

Ltd.

(Singapore)

(2)

(

21,400

)

(

45,552

)

CBRE

Group,

Inc.,

Class

A

(

1,503

)

(

203,596

)

CoStar

Group,

Inc.

(

10,979

)

(

442,893

)

Lendlease

Corp.

Ltd.

(Australia)

(2)

(

24,200

)

(

55,717

)

Zillow

Group,

Inc.,

Class

C

(

6,590

)

(

272,694

)

(

1,020,452

)

Residential

REITs

-

(

0

.5

)

%

AvalonBay

Communities,

Inc.,

REIT

(

1,903

)

(

310,855

)

Equity

Residential,

REIT

(

5,207

)

(

307,994

)

Essex

Property

Trust,

Inc.,

REIT

(

202

)

(

48,884

)

Independence

Realty

Trust,

Inc.,

REIT

(

5,705

)

(

84,947

)

UDR,

Inc.,

REIT

(

11,656

)

(

393,740

)

(

1,146,420

)

Retail

REITs

-

(

0

.7

)

%

Agree

Realty

Corp.,

REIT

(

2,969

)

(

223,803

)

Brixmor

Property

Group,

Inc.,

REIT

(

2,029

)

(

58,435

)

Kimco

Realty

Corp.,

REIT

(

7,469

)

(

167,829

)

Kite

Realty

Group

Trust,

REIT

(

4,866

)

(

119,460

)

Realty

Income

Corp.,

REIT

(

7,280

)

(

445,391

)

Regency

Centers

Corp.,

REIT

(

3,123

)

(

236,286

)

Simon

Property

Group,

Inc.,

REIT

(

657

)

(

122,550

)

(

1,373,754

)

Specialized

REITs

-

(

1

.3

)

%

Crown

Castle,

Inc.,

REIT

(

2,317

)

(

188,395

)

Digital

Realty

Trust,

Inc.,

REIT

(

3,013

)

(

542,973

)

Extra

Space

Storage,

Inc.,

REIT

(

2,593

)

(

340,020

)

National

Storage

Affiliates

Trust,

REIT

(

8,920

)

(

336,641

)

Public

Storage,

REIT

(

2,965

)

(

803,159

)

Rayonier,

Inc.,

REIT

(

18,570

)

(

382,913

)

Weyerhaeuser

Co.,

REIT

(

6,949

)

(

169,764

)

(

2,763,865

)

Total

Real

Estate

(

9,396,808

)

Utilities

-

(

5

.5

)

%

Electric

Utilities

-

(

2

.9

)

%

Alliant

Energy

Corp.

(

7,676

)

(

550,830

)

BKW

AG

(Switzerland)

(2)

(

504

)

(

99,369

)

Duke

Energy

Corp.

(

6,096

)

(

798,210

)

Entergy

Corp.

(

4,049

)

(

454,946

)

Exelon

Corp.

(

2,585

)

(

126,717

)

FirstEnergy

Corp.

(

4,649

)

(

235,518

)

Fortis,

Inc.

(Canada)

(

1,002

)

(

55,902

)

Hydro

One

Ltd.

(Canada)

(c)

(

3,770

)

(

155,694

)

Iberdrola

SA

(Spain)

(2)

(

18,135

)

(

415,186

)

IDACORP,

Inc.

(

424

)

(

60,619

)

NextEra

Energy,

Inc.

(

9,894

)

(

918,955

)

Oklo,

Inc.

(

10,453

)

(

518,364

)

Origin

Energy

Ltd.

(Australia)

(2)

(

11,739

)

(

101,016

)

392

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

INVESTMENTS

SHARES

VALUE

($)

Electric

Utilities

-

(2.9)%

(continued)

Southern

Co.

(The)

(

2,891

)

(

279,039

)

SSE

plc

(United

Kingdom)

(2)

(

6,964

)

(

240,736

)

Terna

-

Rete

Elettrica

Nazionale

(Italy)

(2)

(

55,176

)

(

631,071

)

Xcel

Energy,

Inc.

(

6,967

)

(

553,458

)

(

6,195,630

)

Gas

Utilities

-

(

0

.4

)

%

AltaGas

Ltd.

(Canada)

(

269

)

(

9,330

)

Atmos

Energy

Corp.

(

248

)

(

45,811

)

Italgas

SpA

(Italy)

(2)

(

16,354

)

(

190,508

)

MDU

Resources

Group,

Inc.

(

4,191

)

(

86,837

)

Osaka

Gas

Co.

Ltd.

(Japan)

(2)

(

6,000

)

(

243,027

)

UGI

Corp.

(

6,174

)

(

224,857

)

(

800,370

)

Independent

Power

and

Renewable

Electricity

Producers

-

(

0

.7

)

%

AES

Corp.

(The)

(

4,940

)

(

69,604

)

Brookfield

Renewable

Corp.

(Canada)

(

573

)

(

22,836

)

Capital

Power

Corp.

(Canada)

(

237

)

(

11,226

)

Clearway

Energy,

Inc.,

Class

C

(

5,819

)

(

228,628

)

ERG

SpA

(Italy)

(2)

(

809

)

(

20,655

)

Ormat

Technologies,

Inc.

(

6,017

)

(

673,423

)

Talen

Energy

Corp.

(

1,073

)

(

342,534

)

Vistra

Corp.

(

1,366

)

(

205,351

)

(

1,574,257

)

Multi-Utilities

-

(

1

.4

)

%

Canadian

Utilities

Ltd.,

Class

A

(Canada)

(

3,258

)

(

114,432

)

CenterPoint

Energy,

Inc.

(

3,801

)

(

164,051

)

Consolidated

Edison,

Inc.

(

1,605

)

(

181,654

)

Dominion

Energy,

Inc.

(

8,268

)

(

511,128

)

DTE

Energy

Co.

(

1,430

)

(

209,095

)

E.ON

SE

(Germany)

(2)

(

18,019

)

(

394,642

)

Engie

SA

(France)

(2)

(

10,238

)

(

329,945

)

National

Grid

plc

(United

Kingdom)

(2)

(

16,709

)

(

282,049

)

Public

Service

Enterprise

Group,

Inc.

(

748

)

(

60,551

)

Sembcorp

Industries

Ltd.

(Singapore)

(2)

(

31,800

)

(

165,143

)

Sempra

(

3,297

)

(

320,369

)

WEC

Energy

Group,

Inc.

(

1,837

)

(

212,669

)

(

2,945,728

)

Water

Utilities

-

(

0

.1

)

%

Severn

Trent

plc

(United

Kingdom)

(2)

(

3,611

)

(

148,100

)

Total

Utilities

(

11,664,085

)

TOTAL

COMMON

STOCKS

(Proceeds

$(224,425,195))

(205,581,340)

INVESTMENTS

SHARES

VALUE

($)

PREFERRED

STOCKS

-

(0.3)%

Consumer

Discretionary

-

(

0

.2

)

%

Automobiles

-

(

0

.2

)

%

Dr

Ing

hc

F

Porsche

AG

(Preference)

(Germany)

(2)(c)

(

7,080

)

(

322,525

)

Consumer

Staples

-

(

0

.0

)

%

†

Household

Products

-

(

0

.0

)

%

†

Henkel

AG

&

Co.

KGaA

(Preference)

(Germany)

(2)

(

216

)

(

16,686

)

Health

Care

-

(

0

.1

)

%

Life

Sciences

Tools

&

Services

-

(

0

.1

)

%

Sartorius

AG

(Preference)

(Germany)

(2)

(

1,210

)

(

302,762

)

TOTAL

PREFERRED

STOCKS

(Proceeds

$(724,833))

(641,973)

TOTAL

SHORT

POSITIONS

(Proceeds

$(225,150,028))

(206,223,313)

TOTAL

INVESTMENTS

IN

SECURITIES

AT

VALUE

-

77.4%

(Cost

$133,553,221)

164,556,639

OTHER

ASSETS

IN

EXCESS

OF

LIABILITIES

-

22.6%

‡

48,024,826

NET

ASSETS

-

100.0%

212,581,465

SECTOR

VALUE

%

OF

NET

ASSETS

Communication

Services

$

(

1,116,257

)

(

0

.5

)

%

Consumer

Discretionary

3,092,674

1

.4

Consumer

Staples

(

2,818,688

)

(

1

.3

)

Energy

1,753,923

0

.8

Financials

2,727,695

1

.3

Health

Care

(

6,028,948

)

(

2

.8

)

Industrials

3,327,130

1

.6

Information

Technology

(

5,727,211

)

(

2

.7

)

Materials

4,951,539

2

.3

Purchased

Options

427,923

0

.2

Real

Estate

(

4,459,789

)

(

2

.1

)

Utilities

(

2,854,885

)

(

1

.4

)

Investment

Companies

112,580,794

53

.0

U.S.

Treasury

Obligations

58,700,739

27

.6

Total

Investments

In

Securities

At

Value

164,556,639

77

.4

Other

Assets

in

Excess

of

Liabilities

‡

48,024,826

22

.6

Net

Assets

$

212,581,465

100

.0

%

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

393

(Continued)

*

Non-income

producing

security.

†

Represents

less

than

0.05%

of

net

assets.

‡

Includes

appreciation

(depreciation)

on

forward

foreign

currency

exchange,

futures,

swap

and

written

option

contracts.

(a)

All

or

a

portion

of

this

security

is

segregated

in

connection

with

obligations

for

securities

sold

short.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$167,114,732,

which

is

inclusive

of

rehypothecated

amounts disclosed

below.

Additional

securities

sold

but

not

yet

settled

totaling

$15,319,978

were

also

segregated.

In

addition,

$28,645,257

of

cash

collateral

was

also

pledged.

(b)

All

or

a

portion

of

this

security

has

been

rehypothecated.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$36,197,309.

Additional

securities

sold

but

not

yet

settled

totaling

$5,201,765

were

also

rehypothecated.

(c)

Security

exempt

from

registration

under

Rule

144A

or

section

4(2)

of

the

Securities

Act

of

1933.

Under

procedures

approved

by

the

Board

of

Trustees,

such

securities

have

been

determined

to

be

liquid

by

the

investment

adviser

and

may

be

resold,

normally

to

qualified

institutional

buyers

in

transactions

exempt

from

registration.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$1,407,935

of

investments

in

securities

and

$(2,848,546)

of

securities

sold

short,

which

represents

0.66%

and

(1.34)%

of

net

assets

of

the

Fund,

respectively.

(d)

Represents

7-day

effective

yield

as

of

March

31,

2026.

(e)

All

or

a

portion

of

the

security

pledged

as

collateral

for

forward

foreign

currency

exchange

and

swap

contracts,

as

applicable.

(f)

The

rate

shown

was

the

effective

yield

at

the

date

of

purchase.

(g)

Security

exempt

from

registration

pursuant

to

Regulation

S

under

the

Securities

Act

of

1933.

Regulation

S

applies

to

securities

offerings

that

are

made

outside

of

the

United

States

and

do

not

involve

direct

selling

efforts

in

the

United

States.

Total

value

of

all

such

securities

at

March

31,

2026

amounted

to

$(70,397)

of

securities

sold

short,

which

represents

(0.03)%

of

net

assets

of

the

Fund.

All

securities

are

Level

1

with

respect

to

ASC

820,

unless

otherwise

noted

in

parentheses.

(2)

Level

2

security.

Written

put

option

contracts

(premium-style)

outstanding

as

of

March

31,

2026:

Over-the-Counter

D

ESCRIPTION

COUNTERPARTY

NUMBER

OF

CONTRACTS

NOTIONAL

AMOUNT

EXERCISE

PRICE

EXPIRATION

DATE

PREMIUM

PAID

(RECEIVED)

VALUE

S&P

500

Index

JPMC

9

USD

(

5,875,668

)

USD

5,600

6/18/2026

$

(

58,735

)

$

(

49,324

)

$

(

58,735

)

$

(

49,324

)

394

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Credit

default

swap

contracts

outstanding

-

buy

protection

as

of

March

31,

2026:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

PAID

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Main

Index

Series

45.V1

1

.00

%

Quarterly

6/20/2031

0

.71

%

EUR

148,000

$

(

2,209

)

$

(

195

)

$

(

2,404

)

iTraxx

Europe

Main

Index

Series

45.V1

1

.00

Quarterly

6/20/2031

0

.71

EUR

148,000

(

2,209

)

(

195

)

(

2,404

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

185,000

(

7,813

)

(

978

)

(

8,791

)

Markit

CDX

North

America

High

Yield

Index

Series

46.V1

5

.00

Quarterly

6/20/2031

3

.86

USD

185,000

(

7,813

)

(

978

)

(

8,791

)

$

(

20,044

)

$

(

2,346

)

$

(

22,390

)

Credit

default

swap

contracts

outstanding

-

sell

protection

as

of

March

31,

2026

:

Exchange-Cleared

REFERENCE

ENTITY

FINANCING

RATE

RECEIVED

PAYMENT

FREQUENCY

MATURITY

DATE

CREDIT

SPREAD

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

%

Quarterly

6/20/2031

3

.53

%

EUR

386,000

$

29,490

$

(

702

)

$

28,788

iTraxx

Europe

Crossover

Index

Series

45.V1

5

.00

Quarterly

6/20/2031

3

.53

EUR

386,000

29,446

(

659

)

28,787

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

Quarterly

6/20/2031

0

.63

USD

571,000

9,537

509

10,046

Markit

CDX

North

America

Investment

Grade

Index

Series

46.V1

1

.00

Quarterly

6/20/2031

0

.63

USD

571,000

9,537

509

10,046

78,010

(

343

)

77,667

Markit

CDX

North

America

Emerging

Markets

Index

Series

45.V1

1

.00

%

Quarterly

6/20/2031

1

.94

%

USD

260,000

$

(

10,507

)

$

(

369

)

$

(

10,876

)

Markit

CDX

North

America

Emerging

Markets

Index

Series

45.V1

1

.00

Quarterly

6/20/2031

1

.94

USD

260,000

(

10,507

)

(

369

)

(

10,876

)

(

21,014

)

(

738

)

(

21,752

)

$

56,996

$

(

1,081

)

$

55,915

Forward

effective

interest

rate

swap

contracts

outstanding

as

of

March

31,

2026:

Exchange-Cleared

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

CORRA

Semi

3.00%

Semi

6/21/2028

CAD

100,000

$

189

$

82

$

271

Pay

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

100,000

(

41

)

180

139

Pay

1D

CORRA

Semi

3.00%

Semi

9/20/2028

CAD

300,000

138

364

502

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

1,400,000

19,070

4

19,074

Pay

1D

CORRA

Semi

3.50%

Semi

9/17/2036

CAD

1,500,000

20,432

–

20,432

Pay

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

900,000

7,248

355

7,603

Pay

1D

SARON

Annual

0.50%

Annual

9/17/2031

CHF

1,000,000

8,053

394

8,447

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

2,300,000

541

13,118

13,659

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

395

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2028

GBP

2,300,000

$

541

$

12,920

$

13,461

Pay

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

1,200,000

990

950

1,940

Pay

1D

SONIA

Annual

4.50%

Annual

9/17/2036

GBP

1,200,000

1,032

950

1,982

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

6,100,000

39

10

49

Pay

1D

TIIEOIS

Monthly

8.00%

Monthly

9/13/2028

MXN

6,100,000

39

10

49

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

800,000

243

323

566

Pay

3M

HIBOR

Qtrly

3.00%

Qtrly

9/17/2031

HKD

800,000

243

323

566

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

1,200,000

487

19

506

Pay

3M

JIBAR

Qtrly

8.00%

Qtrly

9/17/2031

ZAR

1,200,000

487

19

506

Pay

3M

STIBOR

Qtrly

3.00%

Annual

6/21/2028

SEK

32,700,000

15,797

–

15,797

Pay

3M

STIBOR

Qtrly

3.00%

Annual

6/21/2028

SEK

32,700,000

15,797

–

15,797

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

3,900,000

(

197

)

9,929

9,732

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2031

AUD

3,900,000

(

681

)

10,413

9,732

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/21/2028

EUR

100,000

176

61

237

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

4,300,000

(

4,902

)

12,633

7,731

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/20/2028

EUR

4,300,000

(

5,103

)

12,933

7,830

Pay

6M

NIBOR

Semi

4.50%

Annual

6/18/2036

NOK

2,000,000

1,169

37

1,206

Pay

6M

NIBOR

Semi

4.50%

Annual

6/18/2036

NOK

2,000,000

1,180

25

1,205

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

610,000,000

927

(

551

)

376

Receive

1D

CLICP

Semi

5.00%

Semi

9/20/2028

CLP

610,000,000

927

(

551

)

376

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

287,600,000

3,429

(

1,466

)

1,963

Receive

1D

CLICP

Semi

5.00%

Semi

9/16/2031

CLP

287,600,000

3,429

(

1,466

)

1,963

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

7,900,000

8,818

24,730

33,548

Receive

1D

CORRA

Semi

2.50%

Semi

6/21/2028

CAD

8,000,000

9,068

24,904

33,972

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

10,900,000

47,990

8,892

56,882

Receive

1D

CORRA

Semi

2.50%

Semi

9/20/2028

CAD

11,000,000

48,120

9,284

57,404

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

1,095,900,000

648

473

1,121

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

607,600,000

574

2,904

3,478

Receive

1D

IBR

Qtrly

11.00%

Qtrly

6/20/2028

COP

607,600,000

574

2,904

3,478

Receive

1D

IBR

Qtrly

12.00%

Qtrly

6/20/2028

COP

1,095,900,000

648

473

1,121

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

700,000,000

715

(

74

)

641

Receive

1D

IBR

Qtrly

12.00%

Qtrly

9/18/2028

COP

700,000,000

715

(

74

)

641

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

119,100,000

(

3,388

)

7,451

4,063

Receive

1D

MIBOR

Semi

6.50%

Semi

9/18/2028

INR

119,100,000

(

3,388

)

7,451

4,063

Receive

1D

MIBOR

Semi

6.50%

Semi

6/17/2031

INR

4,700,000

(

65

)

764

699

Receive

1D

MIBOR

Semi

6.50%

Semi

6/17/2031

INR

4,700,000

(

65

)

764

699

Receive

1D

MIBOR

Semi

6.50%

Semi

9/16/2031

INR

29,800,000

554

4,744

5,298

Receive

1D

MIBOR

Semi

6.50%

Semi

9/16/2031

INR

29,800,000

554

4,744

5,298

Receive

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

6,300,000

48,615

(

11,949

)

36,666

Receive

1D

SARON

Annual

0.00%

Annual

9/20/2028

CHF

6,300,000

48,781

(

12,194

)

36,587

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2036

CHF

300,000

614

2,756

3,370

Receive

1D

SARON

Annual

0.50%

Annual

9/17/2036

CHF

300,000

614

2,757

3,371

Receive

1D

SHIRON

Annual

3.50%

Annual

9/20/2028

ILS

400,000

684

22

706

Receive

1D

SHIRON

Annual

3.50%

Annual

9/20/2028

ILS

500,000

898

33

931

Receive

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

200,000

389

–

389

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

22,200,000

(

26,843

)

56,509

29,666

Receive

1D

SOFR

Annual

3.50%

Annual

9/20/2028

USD

22,100,000

(

27,134

)

56,700

29,566

Receive

1D

SOFR

Annual

3.50%

Annual

6/18/2031

USD

200,000

(

1,899

)

3,107

1,208

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

3,200,000

1,650

18,700

20,350

Receive

1D

SOFR

Annual

3.50%

Annual

9/17/2031

USD

3,100,000

1,146

18,628

19,774

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

10,200,000

16,128

123,150

139,278

Receive

1D

SONIA

Annual

4.00%

Annual

9/17/2031

GBP

10,100,000

9,482

128,305

137,787

Receive

1D

SORA

Semi

1.50%

Semi

6/21/2028

SGD

100,000

383

(

132

)

251

Receive

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

20,100,000

238

172

410

Receive

1D

THOR

Qtrly

1.50%

Qtrly

9/18/2028

THB

20,100,000

238

172

410

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

4,517,600,000

(

21,323

)

63,225

41,902

Receive

1D

TONAR

Annual

1.50%

Annual

9/20/2028

JPY

4,517,600,000

(

21,323

)

63,225

41,902

396

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

395,300,000

$

(

5,598

)

$

50,529

$

44,931

Receive

1D

TONAR

Annual

2.00%

Annual

6/18/2036

JPY

395,300,000

(

5,599

)

50,529

44,930

Receive

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

243,200,000

11,012

23,886

34,898

Receive

1D

TONAR

Annual

2.00%

Annual

9/17/2036

JPY

243,200,000

11,012

23,886

34,898

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

17,800,000

17,297

18,961

36,258

Receive

3M

BBR

Qtrly

4.50%

Qtrly

6/08/2028

AUD

17,700,000

17,199

18,855

36,054

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

25,200,000

82,694

(

27,870

)

54,824

Receive

3M

BBR

Qtrly

4.50%

Qtrly

9/07/2028

AUD

25,200,000

81,884

(

27,157

)

54,727

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/21/2028

KRW

339,600,000

(

517

)

1,360

843

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/21/2028

KRW

339,600,000

(

517

)

1,360

843

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

3,080,000,000

(

6,868

)

18,715

11,847

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/20/2028

KRW

3,080,000,000

(

6,868

)

18,715

11,847

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

390,800,000

(

1,187

)

4,694

3,507

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

6/18/2031

KRW

390,800,000

(

1,187

)

4,695

3,508

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

1,444,100,000

(

1,336

)

16,127

14,791

Receive

3M

CD_KSDA

Qtrly

3.50%

Qtrly

9/17/2031

KRW

1,444,100,000

(

1,336

)

16,127

14,791

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

9/20/2028

ZAR

1,700,000

679

247

926

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

5,000,000

(

30

)

141

111

Receive

3M

JIBAR

Qtrly

7.00%

Qtrly

9/20/2028

ZAR

1,700,000

679

247

926

Receive

3M

JIBAR

Qtrly

7.50%

Qtrly

9/20/2028

ZAR

5,000,000

(

30

)

141

111

Receive

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2028

SEK

39,100,000

10,748

9,841

20,589

Receive

3M

STIBOR

Qtrly

2.50%

Annual

6/21/2028

SEK

39,900,000

11,199

9,812

21,011

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

2,000,000

3,801

(

1,158

)

2,643

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2036

SEK

2,000,000

3,801

(

1,158

)

2,643

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

6/20/2028

TWD

6,000,000

(

102

)

535

433

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

6/20/2028

TWD

6,000,000

(

102

)

535

433

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

29,000,000

630

2,628

3,258

Receive

3M

TWCPBA

Qtrly

2.00%

Qtrly

9/18/2028

TWD

29,000,000

630

2,628

3,258

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

1,100,000

1,356

2,858

4,214

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2036

AUD

1,100,000

1,743

2,470

4,213

Receive

6M

BUBOR

Semi

7.00%

Annual

6/21/2028

HUF

8,200,000

(

84

)

208

124

Receive

6M

BUBOR

Semi

7.00%

Annual

6/21/2028

HUF

8,200,000

(

84

)

208

124

Receive

6M

BUBOR

Semi

7.00%

Annual

9/20/2028

HUF

50,000,000

1,466

(

586

)

880

Receive

6M

BUBOR

Semi

7.00%

Annual

9/20/2028

HUF

50,000,000

1,466

(

586

)

880

Receive

6M

BUBOR

Semi

7.00%

Annual

6/18/2031

HUF

14,600,000

261

67

328

Receive

6M

BUBOR

Semi

7.00%

Annual

6/18/2031

HUF

14,600,000

261

67

328

Receive

6M

BUBOR

Semi

7.00%

Annual

9/17/2031

HUF

15,000,000

577

(

219

)

358

Receive

6M

BUBOR

Semi

7.00%

Annual

9/17/2031

HUF

15,000,000

577

(

219

)

358

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2056

EUR

100,000

1,968

419

2,387

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/20/2056

EUR

100,000

1,968

419

2,387

Receive

6M

NIBOR

Semi

4.50%

Annual

9/20/2028

NOK

78,400,000

15,792

41,342

57,134

Receive

6M

NIBOR

Semi

4.50%

Annual

9/20/2028

NOK

78,600,000

15,896

41,384

57,280

Receive

6M

NIBOR

Semi

4.50%

Annual

6/18/2031

NOK

6,400,000

2,573

139

2,712

Receive

6M

NIBOR

Semi

4.50%

Annual

6/18/2031

NOK

6,400,000

2,580

133

2,713

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

9,500,000

14,809

18,654

33,463

Receive

6M

NIBOR

Semi

4.00%

Annual

6/18/2036

NOK

9,600,000

15,189

18,626

33,815

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

22,100,000

65,998

7,941

73,939

Receive

6M

NIBOR

Semi

4.00%

Annual

9/17/2036

NOK

22,100,000

66,111

7,828

73,939

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

4,600,000

836

819

1,655

Receive

6M

PRIBOR

Semi

4.00%

Annual

9/20/2028

CZK

4,600,000

836

819

1,655

Receive

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

2,800,000

1,125

(

468

)

657

Receive

6M

WIBOR

Semi

4.50%

Annual

9/20/2028

PLN

2,800,000

1,125

(

468

)

657

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

700,000

1,748

(

344

)

1,404

Receive

6M

WIBOR

Semi

4.50%

Annual

9/17/2031

PLN

700,000

1,558

(

155

)

1,403

674,728

1,064,745

1,739,473

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

200,000

(

487

)

(

2,605

)

(

3,092

)

Pay

1D

CORRA

Semi

3.00%

Semi

6/18/2036

CAD

200,000

(

487

)

(

2,605

)

(

3,092

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

397

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

1D

SARON

Annual

0.50%

Annual

6/18/2036

CHF

100,000

$

(

1,292

)

$

452

$

(

840

)

Pay

1D

SHIRON

Annual

3.50%

Annual

9/17/2031

ILS

200,000

290

(

1,294

)

(

1,004

)

Pay

1D

SHIRON

Annual

3.50%

Annual

9/17/2031

ILS

100,000

145

(

573

)

(

428

)

Pay

1D

SOFR

Annual

3.50%

Annual

6/21/2028

USD

200,000

(

780

)

390

(

390

)

Pay

1D

SOFR

Annual

3.50%

Annual

6/18/2031

USD

200,000

(

1,154

)

(

55

)

(

1,209

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

2,000,000

(

45,001

)

(

20,599

)

(

65,600

)

Pay

1D

SOFR

Annual

3.50%

Annual

9/17/2036

USD

1,900,000

(

40,328

)

(

21,993

)

(

62,321

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

300,000

(

3,650

)

(

3,460

)

(

7,110

)

Pay

1D

SOFR

Annual

4.00%

Annual

9/20/2056

USD

300,000

(

3,166

)

(

3,943

)

(

7,109

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

100,000

(

1,794

)

(

4,642

)

(

6,436

)

Pay

1D

SONIA

Annual

4.50%

Annual

6/21/2056

GBP

100,000

(

1,795

)

(

4,642

)

(

6,437

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

1,100,000

(

57,996

)

(

13,867

)

(

71,863

)

Pay

1D

SONIA

Annual

4.50%

Annual

9/20/2056

GBP

1,100,000

(

61,571

)

(

10,020

)

(

71,591

)

Pay

1D

SORA

Semi

1.50%

Semi

6/21/2028

SGD

100,000

(

201

)

(

50

)

(

251

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

1,000,000

1,119

(

5,255

)

(

4,136

)

Pay

1D

SORA

Semi

1.50%

Semi

9/20/2028

SGD

1,000,000

1,027

(

5,163

)

(

4,136

)

Pay

1D

SORA

Semi

2.00%

Semi

9/17/2031

SGD

300,000

2,641

(

3,910

)

(

1,269

)

Pay

1D

SORA

Semi

2.00%

Semi

9/17/2031

SGD

400,000

4,306

(

6,092

)

(

1,786

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/11/2031

MXN

500,000

41

(

858

)

(

817

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

6/11/2031

MXN

500,000

41

(

858

)

(

817

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

9/10/2031

MXN

5,700,000

(

396

)

(

10,130

)

(

10,526

)

Pay

1D

TIIEOIS

Monthly

7.50%

Monthly

9/10/2031

MXN

5,700,000

(

396

)

(

10,130

)

(

10,526

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

790,700,000

(

33,474

)

(

39,271

)

(

72,745

)

Pay

1D

TONAR

Annual

1.50%

Annual

6/18/2031

JPY

790,700,000

(

33,474

)

(

39,271

)

(

72,745

)

Pay

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

352,800,000

(

38,146

)

(

724

)

(

38,870

)

Pay

1D

TONAR

Annual

1.50%

Annual

9/17/2031

JPY

352,800,000

(

38,146

)

(

724

)

(

38,870

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

233,000,000

(

43,822

)

(

30,963

)

(

74,785

)

Pay

1D

TONAR

Annual

2.50%

Annual

6/20/2046

JPY

233,000,000

(

43,843

)

(

30,943

)

(

74,786

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

170,400,000

(

29,991

)

(

30,842

)

(

60,833

)

Pay

1D

TONAR

Annual

2.50%

Annual

9/19/2046

JPY

170,400,000

(

29,991

)

(

30,842

)

(

60,833

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/18/2028

CNY

2,500,000

144

(

275

)

(

131

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/18/2028

CNY

2,500,000

144

(

275

)

(

131

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/16/2031

CNY

2,000,000

(

1,396

)

(

378

)

(

1,774

)

Pay

1W

CNREPOFIX_

CFXS

Qtrly

1.50%

Qtrly

9/16/2031

CNY

2,000,000

(

1,396

)

(

378

)

(

1,774

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

1,900,000

13,116

(

15,261

)

(

2,145

)

Pay

3M

BBR

Qtrly

4.00%

Semi

6/11/2031

NZD

1,900,000

12,991

(

15,136

)

(

2,145

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

6,000,000

(

27,143

)

4,530

(

22,613

)

Pay

3M

BBR

Qtrly

4.00%

Semi

9/10/2031

NZD

5,900,000

(

27,499

)

5,263

(

22,236

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

8,500,000

(

4,825

)

(

8,863

)

(

13,688

)

Pay

3M

JIBAR

Qtrly

6.00%

Qtrly

9/20/2028

ZAR

8,500,000

(

4,825

)

(

8,863

)

(

13,688

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

4,000,000

(

4,197

)

(

8,705

)

(

12,902

)

Pay

3M

JIBAR

Qtrly

6.50%

Qtrly

9/17/2031

ZAR

4,000,000

(

4,197

)

(

8,705

)

(

12,902

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

700,000

(

4,315

)

639

(

3,676

)

Pay

6M

BBR

Semi

5.00%

Semi

9/11/2036

AUD

700,000

(

4,439

)

738

(

3,701

)

Pay

6M

BBR

Semi

5.00%

Semi

9/13/2046

AUD

300,000

(

5,357

)

1,435

(

3,922

)

Pay

6M

BBR

Semi

5.00%

Semi

9/13/2046

AUD

300,000

(

5,057

)

1,135

(

3,922

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/20/2028

HUF

60,400,000

(

810

)

(

5,059

)

(

5,869

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/20/2028

HUF

60,400,000

(

810

)

(

5,059

)

(

5,869

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/17/2031

HUF

30,800,000

(

1,737

)

(

4,546

)

(

6,283

)

Pay

6M

BUBOR

Semi

5.50%

Annual

9/17/2031

HUF

30,800,000

(

1,737

)

(

4,546

)

(

6,283

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/18/2036

EUR

200,000

3,754

(

5,577

)

(

1,823

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

6/18/2036

EUR

200,000

3,772

(

5,595

)

(

1,823

)

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

3,200,000

28,782

(

64,571

)

(

35,789

)

398

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Pay

6M

EURIBOR

Semi

3.00%

Annual

9/17/2036

EUR

3,200,000

$

21,840

$

(

57,630

)

$

(

35,790

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

55,300,000

8,411

(

23,477

)

(

15,066

)

Pay

6M

NIBOR

Semi

4.50%

Annual

9/17/2031

NOK

55,300,000

8,574

(

23,640

)

(

15,066

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

1,700,000

(

4,813

)

1,361

(

3,452

)

Receive

1D

CORRA

Semi

3.00%

Semi

6/18/2031

CAD

1,700,000

(

4,961

)

1,509

(

3,452

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

4,700,000

5,173

(

7,614

)

(

2,441

)

Receive

1D

CORRA

Semi

3.00%

Semi

9/17/2031

CAD

4,700,000

5,844

(

8,284

)

(

2,440

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

113,100,000

300

(

307

)

(

7

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

6/17/2031

COP

113,100,000

300

(

307

)

(

7

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

9/16/2031

COP

97,800,000

179

(

246

)

(

67

)

Receive

1D

IBR

Qtrly

11.50%

Qtrly

9/16/2031

COP

97,800,000

179

(

246

)

(

67

)

Receive

1D

SOFR

Annual

4.00%

Annual

9/17/2036

USD

100,000

(

867

)

291

(

576

)

Receive

1D

SONIA

Annual

4.50%

Annual

6/18/2036

GBP

500,000

(

6,501

)

4,538

(

1,963

)

Receive

1D

SONIA

Annual

4.50%

Annual

6/18/2036

GBP

600,000

(

6,893

)

4,538

(

2,355

)

Receive

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

16,800,000

(

3,808

)

–

(

3,808

)

Receive

1D

THOR

Qtrly

2.00%

Qtrly

9/16/2031

THB

16,800,000

(

3,808

)

–

(

3,808

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

6/11/2031

MXN

1,000,000

(

643

)

(

6

)

(

649

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

6/11/2031

MXN

1,000,000

(

643

)

(

6

)

(

649

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

9/10/2031

MXN

1,500,000

(

640

)

94

(

546

)

Receive

1D

TIIEOIS

Monthly

8.50%

Monthly

9/10/2031

MXN

1,500,000

(

640

)

94

(

546

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

5,980,400,000

(

70,719

)

44,064

(

26,655

)

Receive

1D

TONAR

Annual

1.50%

Annual

6/21/2028

JPY

5,980,400,000

(

70,719

)

44,064

(

26,655

)

Receive

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

2,000,000

(

7,434

)

(

1,433

)

(

8,867

)

Receive

3M

BBR

Qtrly

4.00%

Semi

6/14/2028

NZD

2,000,000

(

7,453

)

(

1,479

)

(

8,932

)

Receive

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

20,500,000

(

26,220

)

(

17,143

)

(

43,363

)

Receive

3M

BBR

Qtrly

4.00%

Semi

9/13/2028

NZD

20,500,000

(

26,213

)

(

17,149

)

(

43,362

)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

700,000

(

3,584

)

(

364

)

(

3,948

)

Receive

3M

BBR

Qtrly

4.50%

Semi

6/11/2036

NZD

800,000

(

3,942

)

(

571

)

(

4,513

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

2,500,000

1,253

(

7,264

)

(

6,011

)

Receive

3M

BBR

Qtrly

4.50%

Semi

9/10/2036

NZD

2,500,000

889

(

6,612

)

(

5,723

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

1,600,000

78

(

547

)

(

469

)

Receive

3M

HIBOR

Qtrly

3.00%

Qtrly

9/20/2028

HKD

1,700,000

65

(

563

)

(

498

)

Receive

3M

JIBAR

Qtrly

8.00%

Qtrly

6/18/2031

ZAR

100,000

(

13

)

(

43

)

(

56

)

Receive

3M

JIBAR

Qtrly

8.00%

Qtrly

6/18/2031

ZAR

100,000

(

13

)

(

43

)

(

56

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

8,500,000

(

2,582

)

–

(

2,582

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/20/2028

SEK

8,600,000

(

2,609

)

–

(

2,609

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2031

SEK

6,500,000

247

(

1,909

)

(

1,662

)

Receive

3M

STIBOR

Qtrly

3.00%

Annual

9/17/2031

SEK

6,500,000

247

(

1,909

)

(

1,662

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

4,900,000

(

1,437

)

336

(

1,101

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

6/17/2031

TWD

4,900,000

(

1,437

)

336

(

1,101

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

10,400,000

(

2,373

)

693

(

1,680

)

Receive

3M

TWCPBA

Qtrly

2.50%

Qtrly

9/16/2031

TWD

10,400,000

(

2,373

)

693

(

1,680

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

1,100,000

(

2,992

)

(

185

)

(

3,177

)

Receive

6M

BBR

Semi

5.00%

Semi

6/12/2031

AUD

1,200,000

(

3,264

)

(

202

)

(

3,466

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/20/2028

HUF

20,000,000

53

(

231

)

(

178

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/20/2028

HUF

20,000,000

53

(

231

)

(

178

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/17/2031

HUF

10,000,000

(

224

)

–

(

224

)

Receive

6M

BUBOR

Semi

7.50%

Annual

9/17/2031

HUF

10,000,000

(

224

)

–

(

224

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/18/2031

EUR

1,000,000

2,231

(

6,686

)

(

4,455

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

6/18/2031

EUR

900,000

2,008

(

6,017

)

(

4,009

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

13,400,000

46,857

(

91,383

)

(

44,526

)

Receive

6M

EURIBOR

Semi

3.00%

Annual

9/17/2031

EUR

13,300,000

46,507

(

90,701

)

(

44,194

)

Receive

6M

NIBOR

Semi

5.00%

Annual

6/21/2028

NOK

114,000,000

(

23,500

)

3,801

(

19,699

)

Receive

6M

NIBOR

Semi

5.00%

Annual

6/21/2028

NOK

113,900,000

(

23,489

)

3,807

(

19,682

)

Receive

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

3,000,000

(

921

)

250

(

671

)

Receive

6M

NIBOR

Semi

5.00%

Annual

9/20/2028

NOK

3,000,000

(

921

)

250

(

671

)

Receive

6M

NIBOR

Semi

4.50%

Annual

9/17/2036

NOK

2,000,000

(

1,181

)

(

227

)

(

1,408

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

399

(Continued)

PAY/

RECEIVE

FLOATING

RATE

FLOATING

RATE

INDEX

(a)

FIXED

RATE

MATURITY

DATE

NOTIONAL

AMOUNT

UPFRONT

PREMIUM

PAID

(RECEIVED)

UNREALIZED

APPRECIATION

(DEPRECIATION)

VALUE

Receive

6M

NIBOR

Semi

4.50%

Annual

9/17/2036

NOK

2,000,000

$

(

1,117

)

$

(

291

)

$

(

1,408

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

6,000,000

(

266

)

(

245

)

(

511

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/20/2028

CZK

6,000,000

(

266

)

(

245

)

(

511

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

6/18/2031

CZK

500,000

(

274

)

192

(

82

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

6/18/2031

CZK

500,000

(

274

)

192

(

82

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

4,000,000

(

463

)

282

(

181

)

Receive

6M

PRIBOR

Semi

4.50%

Annual

9/17/2031

CZK

4,000,000

(

463

)

282

(

181

)

(

710,697

)

(

747,303

)

(

1,458,000

)

$

(

35,969

)

$

317,442

$

281,473

Abbreviations:

1D:

1

Day

1W:

1

Week

3M:

3

Month

6M:

6

Month

Qtrly:

Quarterly

Semi:

Semi-Annually

Annual:

Annually

(a)

Floating

rate

indices

at

March

31,

2026

were

as

follows:

1

Day

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

2.27%

1

Day

Chile

Indice

de

Camara

Promedio

Interbank

Overnight

Index

(“CLICP”):

4.78%

1

Day

Colombia

Overnight

Interbank

Rate

(“IBR”):

9.64%

1

Day

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIEOIS”):

6.94%

1

Day

Mumbai

Interbank

Overnight

Rate

(“MIBOR”):

6.98%

1

Day

Secured

Overnight

Financing

Rate

(“SOFR”):

3.68%

1

Day

Shekel

Interbank

Offered

Rate

(“SHIRON”):

4.00%

1

Day

Singapore

Overnight

Rate

Average

(“SORA”):

1.00%

1

Day

Sterling

Overnight

Index

Average

(“SONIA”):

3.73%

1

Day

Swiss

Average

Rate

Overnight

(“SARON”):

-0.07%

1

Day

Thailand

Overnight

Repo

Rate

(“THOR”):

0.99%

1

Day

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.72%

1

Week

China

Fixing

Repo

Rate

(“CNREPOFIX_CFXS”):

1.49%

3

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.31%

3

Month

Hong

Kong

Interbank

Offered

Rate

(“HIBOR”):

2.36%

3

Month

Johannesburg

Interbank

Agreed

Rate

(“JIBAR”):

6.75%

3

Month

Korean

Certificate

of

Deposit

(“CD_KSDA”):

2.82%

3

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

2.19%

3

Month

Taiwan

Secondary

Markets

Bills

Rate

(“TWCPBA”):

1.68%

6

Month

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.78%

6

Month

Budapest

Interbank

Offered

Rate

(“BUBOR”):

6.62%

6

Month

Euro

Interbank

Offered

Rate

(“EURIBOR”):

2.48%

6

Month

Norwegian

Interbank

Offered

Rate

(“NIBOR”):

4.66%

6

Month

Prague

Interbank

Offered

Rate

(“PRIBOR”):

3.62%

6

Month

Warsaw

Interbank

Offered

Rate

(“WIBOR”):

3.79%

400

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

Total

return

swap

contracts

outstanding

as

of

March

31,

2026

:

Over-the-Counter

REFERENCE

ENTITY

PAYMENTS

MADE

BY

FUND

PAYMENTS

RECEIVED

BY

FUND

PAYMENT

FREQUENCY

COUNTERPARTY

MATURITY

DATE

NOTIONAL

AMOUNT

VALUE

AND

UNREALIZED

APPRECIATION

(DEPRECIATION)

Amsterdam

Exchange

Index

April

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

GSIN

04/17/2026

EUR

(1,532,544)

$

41,224

Swiss

Market

Index

June

Futures

Increases

in

total

return

of

reference

entity

Decreases

in

total

return

of

reference

entity

At

termination

JPMC

06/19/2026

CHF

(1,393,920)

4,427

Total

unrealized

appreciation

45,651

HSCEI

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/29/2026

HKD

4,178,500

(

4,370

)

iBovespa

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/15/2026

BRL

1,319,794

(

5,628

)

KOSPI

200

Index

June

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

06/11/2026

KRW

1,311,187,500

(

17,326

)

TAIEX

Index

April

Futures

Decreases

in

total

return

of

reference

entity

Increases

in

total

return

of

reference

entity

At

termination

GSIN

04/15/2026

TWD

6,390,800

(

12,298

)

Total

unrealized

depreciation

(

39,622

)

Net

unrealized

appreciation

$

6,029

Futures

contracts

outstanding

as

of

March

31,

2026:

Exchange-Traded

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

Brent

Crude

Oil

7

4/2026

USD

$

727,790

$

16,235

EURO

STOXX

50

Volatility

Index

1

4/2026

EUR

3,271

226

Hang

Seng

Index

12

4/2026

HKD

1,894,225

(

24,089

)

IBEX

35

Index

2

4/2026

EUR

392,215

(

7,497

)

MSCI

Singapore

Index

40

4/2026

SGD

1,358,326

(

153

)

Natural

Gas

8

4/2026

USD

230,720

(

15,940

)

NY

Harbor

ULSD

10

4/2026

USD

1,727,796

226,610

RBOB

Gasoline

5

4/2026

USD

672,819

17,950

SGX

FTSE

Taiwan

Index

11

4/2026

USD

1,136,520

(

60,465

)

WTI

Crude

Oil

10

4/2026

USD

1,013,800

147,890

Canola

13

5/2026

CAD

136,775

92

CBOE

Volatility

Index

1

5/2026

USD

24,412

(

740

)

Coffee

'C'

35

5/2026

USD

3,915,844

84,981

Copper

19

5/2026

USD

2,666,650

(

27,322

)

Corn

26

5/2026

USD

595,075

15,189

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

401

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Long

Contracts

(continued)

Fcoj-a

2

5/2026

USD

$

57,000

$

5,643

Feeder

Cattle

3

5/2026

USD

549,712

27,435

French

Base

Electricity

5

5/2026

EUR

91,671

(

10,201

)

KC

HRW

Wheat

9

5/2026

USD

285,975

5,097

LNG

Japan/Korea

Marker

1

5/2026

USD

183,740

(

6,785

)

Low

Sulphur

Gasoil

30

5/2026

USD

3,717,750

816,116

Milling

Wheat

No.

2

29

5/2026

EUR

343,157

2,934

Phelix

De

Base

Electricity

2

5/2026

EUR

144,850

(

9,475

)

Red

Wheat

4

5/2026

USD

131,700

4,075

SGX

IODEX

Iron

Ore

87

5/2026

USD

917,676

(

3,919

)

Silver

7

5/2026

USD

2,622,165

(

278,118

)

Soybean

Meal

32

5/2026

USD

1,012,480

(

5,579

)

Soybean

Oil

50

5/2026

USD

2,066,400

203,828

100

oz

Gold

17

6/2026

USD

7,953,620

232,675

CBOE

Volatility

Index

5

6/2026

USD

121,314

1,721

Crude

Oil

5

6/2026

USD

452,930

(

9,276

)

Crude

Palm

Oil

2

6/2026

MYR

59,620

3,751

DJIA

CBOT

E-Mini

Index

9

6/2026

USD

2,096,190

(

10,735

)

Euro-Bobl

12

6/2026

EUR

1,603,811

(

11,390

)

Lean

Hogs

13

6/2026

USD

546,260

(

10,099

)

Live

Cattle

33

6/2026

USD

3,211,230

175,511

LME

Aluminum

Base

Metal

74

6/2026

USD

6,441,959

433,179

LME

Copper

Base

Metal

10

6/2026

USD

3,083,380

(

125,431

)

LME

Lead

Base

Metal

1

6/2026

USD

47,422

148

LME

Nickel

Base

Metal

33

6/2026

USD

3,383,026

(

45,779

)

LME

Zinc

Base

Metal

6

6/2026

USD

486,450

351

MSCI

Emerging

Markets

Index

14

6/2026

USD

1,018,220

(

29,029

)

NASDAQ

100

E-Mini

Index

2

6/2026

USD

956,600

(

27,768

)

Palladium

1

6/2026

USD

148,750

(

21,347

)

Phelix

De

Base

Electricity

1

6/2026

EUR

253,221

(

4,571

)

Russell

2000

E-Mini

Index

7

6/2026

USD

879,270

1,146

S&P

500

E-Mini

Index

328

6/2026

USD

107,760,300

(

2,167,845

)

TOPIX

Index

3

6/2026

JPY

662,361

(

18,966

)

CBOE

Volatility

Index

3

7/2026

USD

73,228

2,273

Platinum

1

7/2026

USD

98,510

382

Rapeseed

5

7/2026

EUR

146,793

3,380

Robusta

Coffee

10

7/2026

USD

340,500

(

11,722

)

CBOE

Volatility

Index

2

8/2026

USD

48,601

1,325

3

Month

Euro

Euribor

12

9/2026

EUR

3,374,446

(

11,760

)

Milling

Wheat

No.

2

16

9/2026

EUR

199,269

1,949

Phelix

De

Base

Electricity

1

12/2026

EUR

956,127

14,996

3

Month

SARON

4

3/2027

CHF

1,248,062

(

4,224

)

3

Month

SARON

7

6/2027

CHF

2,182,904

(

4,985

)

3

Month

SARON

1

9/2027

CHF

311,828

(

406

)

3

Month

Euro

Euribor

1

6/2028

EUR

281,247

162

Total

of

long

contracts

(

518,366

)

Short

Contracts

CAC

40

10

Euro

Index

(

24

)

4/2026

EUR

(

2,170,686

)

31,596

CBOE

Volatility

Index

(

14

)

4/2026

USD

(

350,314

)

(

20,223

)

IFSC

NIFTY

50

Index

(

7

)

4/2026

USD

(

314,741

)

6,156

OMXS30

Index

(

19

)

4/2026

SEK

(

586,057

)

13,726

SGX

FTSE

China

A50

Index

(

18

)

4/2026

USD

(

261,648

)

814

Sugar

No.

11

(

55

)

4/2026

USD

(

956,032

)

(

66,295

)

Cocoa

(

10

)

5/2026

USD

(

330,000

)

72,208

Cocoa

(

53

)

5/2026

GBP

(

1,744,650

)

68,786

Cotton

No.

2

(

32

)

5/2026

USD

(

1,120,000

)

(

91,798

)

EURO

STOXX

50

Volatility

Index

(

1

)

5/2026

EUR

(

3,051

)

(

726

)

402

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

Soybean

(

27

)

5/2026

USD

$

(

1,580,850

)

$

(

9,439

)

Wheat

(

4

)

5/2026

USD

(

123,250

)

(

2,995

)

Australia

10

Year

Bond

(

105

)

6/2026

AUD

(

7,818,028

)

36,184

Australia

3

Year

Bond

(

24

)

6/2026

AUD

(

1,718,277

)

4,944

Canada

10

Year

Bond

(

27

)

6/2026

CAD

(

2,327,733

)

43,994

DAX

Index

(

6

)

6/2026

EUR

(

3,959,422

)

154,304

Euro

STOXX

50

Index

(

39

)

6/2026

EUR

(

2,477,044

)

40,230

Euro-BTP

(

16

)

6/2026

EUR

(

2,168,929

)

(

29,931

)

Euro-Bund

(

17

)

6/2026

EUR

(

2,470,132

)

(

9,070

)

Euro-Buxl

(

6

)

6/2026

EUR

(

767,161

)

(

11,114

)

Euro-OAT

(

12

)

6/2026

EUR

(

1,652,080

)

(

9,352

)

Euro-Schatz

(

19

)

6/2026

EUR

(

2,324,148

)

9,871

French

Base

Electricity

(

1

)

6/2026

EUR

(

103,310

)

(

7,263

)

FTSE

100

Index

(

16

)

6/2026

GBP

(

2,159,903

)

2,133

FTSE/JSE

Top

40

Index

(

2

)

6/2026

ZAR

(

126,333

)

(

683

)

Japan

10

Year

Bond

(

13

)

6/2026

JPY

(

10,684,730

)

105,743

LME

Aluminum

Base

Metal

(

5

)

6/2026

USD

(

435,268

)

(

21,280

)

LME

Copper

Base

Metal

(

5

)

6/2026

USD

(

1,541,690

)

71,848

LME

Lead

Base

Metal

(

6

)

6/2026

USD

(

284,532

)

9,771

LME

Nickel

Base

Metal

(

19

)

6/2026

USD

(

1,947,803

)

72,034

LME

Zinc

Base

Metal

(

13

)

6/2026

USD

(

1,053,975

)

(

3,352

)

Long

Gilt

(

11

)

6/2026

GBP

(

1,285,904

)

10,482

MSCI

EAFE

Index

(

6

)

6/2026

USD

(

870,330

)

(

7,201

)

Nikkei

225

Index

(

2

)

6/2026

JPY

(

644,718

)

20,719

S&P/TSX

60

Index

(

4

)

6/2026

CAD

(

1,097,146

)

(

12,603

)

SPI

200

Index

(

24

)

6/2026

AUD

(

3,524,127

)

24,026

U.S.

Treasury

10

Year

Note

(

50

)

6/2026

USD

(

5,549,219

)

17,140

U.S.

Treasury

2

Year

Note

(

77

)

6/2026

USD

(

15,975,695

)

20,596

U.S.

Treasury

5

Year

Note

(

31

)

6/2026

USD

(

3,353,328

)

(

7,026

)

U.S.

Treasury

Long

Bond

(

30

)

6/2026

USD

(

3,407,813

)

9,933

U.S.

Treasury

Ultra

Bond

(

14

)

6/2026

USD

(

1,627,938

)

(

1,306

)

Cocoa

(

2

)

7/2026

GBP

(

66,498

)

(

746

)

White

Sugar

(

1

)

7/2026

USD

(

22,600

)

(

40

)

90-Day

Australian

Bank

Bill

(

82

)

9/2026

AUD

(

55,925,025

)

37,975

90-Day

New

Zealand

Bill

(

16

)

9/2026

NZD

(

9,128,674

)

(

739

)

3

Month

CORRA

(

84

)

12/2026

CAD

(

14,706,491

)

10,502

3

Month

Euro

Euribor

(

23

)

12/2026

EUR

(

6,463,369

)

34,088

3

Month

SOFR

(

75

)

12/2026

USD

(

18,063,750

)

65,282

3

Month

SONIA

(

16

)

12/2026

GBP

(

5,069,653

)

13,604

90-Day

Australian

Bank

Bill

(

78

)

12/2026

AUD

(

53,189,196

)

57,490

90-Day

New

Zealand

Bill

(

12

)

12/2026

NZD

(

6,839,975

)

341

ECX

Emission

(

1

)

12/2026

EUR

(

83,811

)

(

923

)

UK

Allowances

Carbon

Dioxide

Emissions

(

4

)

12/2026

GBP

(

219,982

)

(

25,710

)

3

Month

CORRA

(

41

)

3/2027

CAD

(

7,165,642

)

(

13,531

)

3

Month

Euro

Euribor

(

37

)

3/2027

EUR

(

10,393,851

)

39,940

3

Month

SOFR

(

82

)

3/2027

USD

(

19,755,850

)

71,995

3

Month

SONIA

(

5

)

3/2027

GBP

(

1,583,936

)

(

3,051

)

90-Day

Australian

Bank

Bill

(

124

)

3/2027

AUD

(

84,559,244

)

43,594

90-Day

New

Zealand

Bill

(

11

)

3/2027

NZD

(

6,264,767

)

(

1,114

)

3

Month

CORRA

(

42

)

6/2027

CAD

(

7,329,847

)

15,504

3

Month

Euro

Euribor

(

13

)

6/2027

EUR

(

3,652,645

)

(

3,205

)

3

Month

SOFR

(

65

)

6/2027

USD

(

15,663,375

)

58,527

3

Month

SONIA

(

18

)

6/2027

GBP

(

5,702,168

)

514

90-Day

Australian

Bank

Bill

(

29

)

6/2027

AUD

(

19,778,362

)

7,791

3

Month

CORRA

(

56

)

9/2027

CAD

(

9,768,600

)

(

416

)

3

Month

Euro

Euribor

(

17

)

9/2027

EUR

(

4,778,992

)

(

1,184

)

3

Month

SOFR

(

47

)

9/2027

USD

(

11,332,875

)

33,027

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

403

(Continued)

DESCRIPTION

NUMBER

OF

CONTRACTS

EXPIRATION

DATE

TRADING

CURRENCY

NOTIONAL

AMOUNT

UNREALIZED

APPRECIATION

(DEPRECIATION)

Short

Contracts

(continued)

3

Month

SONIA

(

14

)

9/2027

GBP

$

(

4,437,568

)

$

(

4,171

)

3

Month

Euro

Euribor

(

19

)

12/2027

EUR

(

5,343,971

)

(

2,709

)

3

Month

SOFR

(

49

)

12/2027

USD

(

11,825,537

)

19,262

3

Month

SONIA

(

18

)

12/2027

GBP

(

5,710,209

)

1,556

3

Month

Euro

Euribor

(

17

)

3/2028

EUR

(

4,781,694

)

(

3,586

)

3

Month

SOFR

(

49

)

3/2028

USD

(

11,832,887

)

7,615

3

Month

SONIA

(

20

)

3/2028

GBP

(

6,349,309

)

(

3

)

3

Month

SOFR

(

46

)

6/2028

USD

(

11,107,850

)

13,891

3

Month

SONIA

(

19

)

6/2028

GBP

(

6,033,101

)

(

979

)

3

Month

SOFR

(

2

)

9/2028

USD

(

482,800

)

997

3

Month

SONIA

(

2

)

9/2028

GBP

(

635,196

)

1,327

Total

of

short

contracts

1,008,296

Net

unrealized

appreciation

$

489,930

Forward

foreign

currency

exchange

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

AUD

52,500

USD

36,003

CITI

6/17/2026

$

179

AUD

52,500

USD

36,003

JPMC

6/17/2026

179

BRL

4,577,375

USD

857,703

CITI

**

6/17/2026

11,063

BRL

4,577,375

USD

857,702

JPMC

**

6/17/2026

11,064

CNY

4,942,496

USD

719,551

CITI

**

6/17/2026

1,879

CNY

4,749,254

USD

691,394

JPMC

**

6/17/2026

1,830

COP

8,550,000,000

USD

2,234,733

CITI

**

6/17/2026

51,503

COP

8,550,000,000

USD

2,234,728

JPMC

**

6/17/2026

51,507

CZK

23,500,000

USD

1,107,261

CITI

6/17/2026

406

CZK

23,500,000

USD

1,107,259

JPMC

6/17/2026

409

EUR

2,433,041

USD

2,813,172

CITI

6/17/2026

8,952

EUR

2,433,041

USD

2,813,167

JPMC

6/17/2026

8,958

GBP

577,500

USD

763,237

CITI

6/17/2026

966

GBP

577,500

USD

763,235

JPMC

6/17/2026

967

HUF

128,917,076

USD

381,297

CITI

6/17/2026

4,336

HUF

133,582,924

USD

396,179

JPMC

6/17/2026

3,411

JPY

330,000,000

USD

2,082,628

CITI

6/17/2026

10,148

JPY

330,000,000

USD

2,082,624

JPMC

6/17/2026

10,152

NOK

6,500,000

USD

667,817

CITI

6/17/2026

3,036

NOK

6,500,000

USD

667,816

JPMC

6/17/2026

3,037

PEN

356,042

USD

101,727

CITI

**

6/17/2026

168

PEN

356,042

USD

101,727

JPMC

**

6/17/2026

168

USD

1,675,526

AUD

2,414,000

CITI

6/17/2026

11,866

USD

1,675,529

AUD

2,414,000

JPMC

6/17/2026

11,869

USD

568,911

CAD

775,500

CITI

6/17/2026

9,569

USD

568,912

CAD

775,500

JPMC

6/17/2026

9,570

USD

4,088,940

CHF

3,138,395

CITI

6/17/2026

130,827

USD

4,087,927

CHF

3,137,605

JPMC

6/17/2026

130,809

USD

381,799

CLP

350,000,000

CITI

**

6/17/2026

3,681

USD

381,800

CLP

350,000,000

JPMC

**

6/17/2026

3,682

USD

4,020,682

CZK

83,125,000

CITI

6/17/2026

102,604

USD

4,020,029

CZK

83,125,000

JPMC

6/17/2026

101,950

USD

53,143

DKK

334,500

CITI

6/17/2026

1,183

USD

53,144

DKK

334,500

JPMC

6/17/2026

1,183

USD

10,763,859

EUR

9,176,000

CITI

6/17/2026

120,465

404

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

USD

10,763,864

EUR

9,176,000

JPMC

6/17/2026

$

120,470

USD

6,663,755

GBP

4,942,020

CITI

6/17/2026

124,008

USD

6,663,768

GBP

4,942,020

JPMC

6/17/2026

124,022

USD

164,731

HKD

1,283,000

CITI

6/17/2026

450

USD

164,731

HKD

1,283,000

JPMC

6/17/2026

450

USD

271,149

HUF

90,000,000

CITI

6/17/2026

1,929

USD

271,149

HUF

90,000,000

JPMC

6/17/2026

1,930

USD

1,126,315

IDR

19,000,000,000

CITI

**

6/17/2026

9,571

USD

1,126,317

IDR

19,000,000,000

JPMC

**

6/17/2026

9,573

USD

3,434,064

ILS

10,635,500

CITI

6/17/2026

43,700

USD

3,434,389

ILS

10,635,500

JPMC

6/17/2026

44,025

USD

10,743,110

INR

996,698,996

CITI

**

6/17/2026

241,362

USD

10,743,105

INR

996,698,996

JPMC

**

6/17/2026

241,357

USD

8,142,307

JPY

1,272,619,263

CITI

6/17/2026

71,678

USD

8,140,782

JPY

1,272,380,737

JPMC

6/17/2026

71,665

USD

2,052,566

KRW

3,050,038,750

CITI

**

6/17/2026

20,557

USD

2,052,518

KRW

3,049,961,250

JPMC

**

6/17/2026

20,561

USD

334,874

MXN

6,000,000

CITI

6/17/2026

2,337

USD

334,875

MXN

6,000,000

JPMC

6/17/2026

2,338

USD

367,739

NOK

3,528,249

CITI

6/17/2026

3,595

USD

367,740

NOK

3,528,249

JPMC

6/17/2026

3,596

USD

2,553,293

NZD

4,279,000

CITI

6/17/2026

87,712

USD

2,553,298

NZD

4,279,000

JPMC

6/17/2026

87,717

USD

1,664,470

PHP

100,000,000

CITI

**

6/17/2026

22,749

USD

1,664,473

PHP

100,000,000

JPMC

**

6/17/2026

22,752

USD

2,663,117

PLN

9,795,500

CITI

6/17/2026

25,110

USD

2,663,122

PLN

9,795,500

JPMC

6/17/2026

25,115

USD

5,193,989

SEK

47,598,750

CITI

6/17/2026

146,414

USD

5,193,999

SEK

47,598,750

JPMC

6/17/2026

146,424

USD

7,689,158

SGD

9,670,889

CITI

6/17/2026

126,697

USD

7,689,175

SGD

9,670,891

JPMC

6/17/2026

126,713

USD

3,611,949

THB

113,616,668

CITI

6/17/2026

145,325

USD

3,611,956

THB

113,616,668

JPMC

6/17/2026

145,332

USD

1,264,656

TWD

40,500,000

CITI

**

6/17/2026

4,439

USD

1,264,818

TWD

40,500,000

JPMC

**

6/17/2026

4,601

USD

2,225,394

ZAR

37,551,491

CITI

6/17/2026

19,102

USD

2,219,238

ZAR

37,448,509

JPMC

6/17/2026

18,996

Total

unrealized

appreciation

3,137,948

AUD

19,346,000

USD

13,731,612

CITI

6/17/2026

(

398,902

)

AUD

19,346,000

USD

13,731,585

JPMC

6/17/2026

(

398,875

)

CAD

10,169,621

USD

7,465,160

CITI

6/17/2026

(

130,163

)

CAD

10,169,621

USD

7,465,145

JPMC

6/17/2026

(

130,147

)

CHF

1,061,895

USD

1,378,356

CITI

6/17/2026

(

39,105

)

CHF

1,061,105

USD

1,377,343

JPMC

6/17/2026

(

39,086

)

CLP

1,743,333,332

USD

1,966,294

CITI

**

6/17/2026

(

82,905

)

CLP

1,743,333,332

USD

1,966,290

JPMC

**

6/17/2026

(

82,902

)

CNY

10,289,004

USD

1,507,062

CITI

**

6/17/2026

(

5,233

)

CNY

10,482,246

USD

1,535,303

JPMC

**

6/17/2026

(

5,266

)

CZK

11,500,000

USD

545,484

CITI

6/17/2026

(

3,434

)

CZK

11,500,000

USD

545,483

JPMC

6/17/2026

(

3,433

)

EUR

6,393,667

USD

7,431,811

CITI

6/17/2026

(

15,691

)

EUR

6,393,667

USD

7,431,792

JPMC

6/17/2026

(

15,671

)

GBP

10,581,000

USD

14,160,611

CITI

6/17/2026

(

158,834

)

GBP

10,581,000

USD

14,160,583

JPMC

6/17/2026

(

158,808

)

HUF

531,082,924

USD

1,638,153

CITI

6/17/2026

(

49,510

)

HUF

526,417,076

USD

1,620,233

JPMC

6/17/2026

(

45,549

)

IDR

1,000,000,000

USD

59,135

CITI

**

6/17/2026

(

359

)

IDR

1,000,000,000

USD

59,135

JPMC

**

6/17/2026

(

359

)

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

AQR

TREND

TOTAL

RETURN

FUND

See

notes

to

Schedule

of

Investments.

AQR

Funds

|

N-PORT

Part

F

|

March

2026

405

(Continued)

CURRENCY

PURCHASED

CURRENCY

SOLD

COUNTERPARTY

SETTLEMENT

DATE

UNREALIZED

APPRECIATION

(DEPRECIATION)

ILS

4,248,000

USD

1,364,547

CITI

6/17/2026

$

(

10,378

)

ILS

4,248,000

USD

1,364,544

JPMC

6/17/2026

(

10,375

)

JPY

444,331,528

USD

2,859,737

CITI

6/17/2026

(

41,897

)

JPY

444,093,002

USD

2,858,186

JPMC

6/17/2026

(

41,861

)

KRW

7,600,000,000

USD

5,287,011

CITI

**

6/17/2026

(

223,708

)

KRW

7,600,000,000

USD

5,287,028

JPMC

**

6/17/2026

(

223,724

)

MXN

37,937,458

USD

2,163,791

CITI

6/17/2026

(

61,191

)

MXN

37,937,542

USD

2,163,792

JPMC

6/17/2026

(

61,186

)

NOK

24,500,000

USD

2,567,467

CITI

6/17/2026

(

38,868

)

NOK

24,500,000

USD

2,567,462

JPMC

6/17/2026

(

38,863

)

PEN

4,758,958

USD

1,406,806

CITI

**

6/17/2026

(

44,851

)

PEN

4,758,958

USD

1,406,804

JPMC

**

6/17/2026

(

44,850

)

PLN

5,492,316

USD

1,515,456

CITI

6/17/2026

(

36,332

)

PLN

5,492,316

USD

1,515,453

JPMC

6/17/2026

(

36,327

)

SEK

2,500,000

USD

275,969

CITI

6/17/2026

(

10,858

)

SEK

2,500,000

USD

275,969

JPMC

6/17/2026

(

10,857

)

SGD

2,757,999

USD

2,170,360

CITI

6/17/2026

(

13,654

)

SGD

2,758,001

USD

2,170,357

JPMC

6/17/2026

(

13,651

)

TWD

152,198,740

USD

4,842,252

CITI

**

6/17/2026

(

106,364

)

TWD

152,198,740

USD

4,842,242

JPMC

**

6/17/2026

(

106,354

)

USD

186,180

BRL

998,000

CITI

**

6/17/2026

(

3,236

)

USD

186,180

BRL

998,000

JPMC

**

6/17/2026

(

3,236

)

USD

747,195

CAD

1,038,500

CITI

6/17/2026

(

1,840

)

USD

747,196

CAD

1,038,500

JPMC

6/17/2026

(

1,838

)

USD

269,912

CLP

250,000,000

CITI

**

6/17/2026

(

173

)

USD

269,912

CLP

250,000,000

JPMC

**

6/17/2026

(

172

)

USD

5,330,197

EUR

4,610,500

CITI

6/17/2026

(

17,598

)

USD

5,330,207

EUR

4,610,500

JPMC

6/17/2026

(

17,587

)

USD

498,152

GBP

377,500

CITI

6/17/2026

(

1,391

)

USD

498,153

GBP

377,500

JPMC

6/17/2026

(

1,390

)

USD

615,552

HUF

210,000,000

CITI

6/17/2026

(

12,626

)

USD

615,553

HUF

210,000,000

JPMC

6/17/2026

(

12,625

)

USD

210,503

INR

20,000,000

CITI

**

6/17/2026

(

227

)

USD

210,504

INR

20,000,000

JPMC

**

6/17/2026

(

227

)

USD

8,266,845

JPY

1,310,000,000

CITI

6/17/2026

(

40,844

)

USD

8,266,861

JPY

1,310,000,000

JPMC

6/17/2026

(

40,827

)

USD

562,348

KRW

849,961,250

CITI

**

6/17/2026

(

3,917

)

USD

562,400

KRW

850,038,750

JPMC

**

6/17/2026

(

3,916

)

USD

27,709

MXN

499,958

CITI

6/17/2026

(

1

)

USD

27,713

MXN

500,042

JPMC

6/17/2026

–

(a)

USD

459,245

NOK

4,500,000

CITI

6/17/2026

(

5,192

)

USD

459,246

NOK

4,500,000

JPMC

6/17/2026

(

5,191

)

USD

327,768

PHP

20,000,000

CITI

**

6/17/2026

(

576

)

USD

327,769

PHP

20,000,000

JPMC

**

6/17/2026

(

576

)

USD

52,554

SEK

500,000

CITI

6/17/2026

(

468

)

USD

52,555

SEK

500,000

JPMC

6/17/2026

(

468

)

USD

124,363

TWD

4,000,000

CITI

**

6/17/2026

(

103

)

USD

124,363

TWD

4,000,000

JPMC

**

6/17/2026

(

103

)

USD

2,658,988

ZAR

45,500,000

CITI

6/17/2026

(

14,309

)

USD

2,658,993

ZAR

45,500,000

JPMC

6/17/2026

(

14,304

)

ZAR

49,613,991

USD

3,045,790

CITI

6/17/2026

(

130,781

)

ZAR

49,511,009

USD

3,039,620

JPMC

6/17/2026

(

130,661

)

Total

unrealized

depreciation

(

3,406,784

)

Net

unrealized

depreciation

$

(

268,836

)

**

Non-deliverable

forward

foreign

currency

exchange

contracts.

(a)

Represents

less

than

$0.5.

406

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

AQR

TREND

TOTAL

RETURN

FUND

Consolidated

Schedule

of

Investments

March

31,

2026

(Unaudited)

Total

return

basket

swap

contracts

outstanding

as

of

March

31,

2026:

Over-the-Counter

COUNTERPARTY

DESCRIPTION

TERMINATION

DATE

ABSOLUTE

NOTIONAL

VALUE

NET

UNREALIZED

APPRECIATION

(DEPRECIATION)

NET

CASH

AND

OTHER

RECEIVABLES

(PAYABLES)

VALUE

MLIN

The

Fund

receives

the

total

return

on

a

portfolio

of

short

equity

positions

and

pays

or

receives

the

HIBOR

plus

or

minus

a

specified

spread

(-0.30%),

which

is

denominated

in

HKD

based

on

the

local

currencies

of

the

positions

within

the

swap.

25

months

maturity

04/25/2028

$546

$31

$–

$31

407

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

March

31,

2026

(Unaudited)

Abbreviations

ADR

-

American

Depositary

Receipt

CHESS

-

Clearing

House

Electronic

Subregister

System

Depository

Interest

CVA

-

Dutch

Certification

CVR

-

Contingent

Value

Rights

OYJ

-

Public

Limited

Company

Preference

-

A

special

type

of

equity

investment

that

shares

in

the

earnings

of

the

company,

has

limited

voting

rights,

and

may

have

a

dividend

preference.

Preference

shares

may

also

have

liquidation

preference.

REIT

-

Real

Estate

Investment

Trust

SCA

-

Limited

partnership

with

share

capital

SPDR

-

Standard

&

Poor's

Depositary

Receipts

Currencies

AUD

-

Australian

dollar

BRL

-

Brazilian

real

CAD

-

Canadian

dollar

CHF

-

Swiss

franc

CLP

-

Chilean

peso

CNY

-

Chinese

renminbi

COP

-

Colombian

peso

CZK

-

Czech

Republic

koruna

DKK

-

Danish

krone

EUR

-

Euro

GBP

-

British

pound

HKD

-

Hong

Kong

dollar

HUF

-

Hungarian

forint

IDR

-

Indonesian

rupiah

ILS

-

Israeli

shekel

INR

-

Indian

rupee

JPY

-

Japanese

yen

KRW

-

Korean

won

MXN

-

Mexican

peso

MYR

-

Malaysian

ringgit

NOK

-

Norwegian

krone

NZD

-

New

Zealand

dollar

PEN

-

Peruvian

Nuevo

sol

PHP

-

Philippine

peso

PLN

-

Poland

zloty

SEK

-

Swedish

krona

SGD

-

Singapore

dollar

THB

-

Thai

baht

TWD

-

New

Taiwan

dollar

USD

-

United

States

dollar

ZAR

-

South

African

rand

The

following

abbreviations

are

used

for

counterparty

descriptions:

BANA

-

Bank

of

America,

NA

BNPP

-

BNP

Paribas

SA

CITI

-

Citibank

NA

GSIN

-

Goldman

Sachs

International

JPMC

-

J.P.

Morgan

Chase

Bank,

NA

MLIN

-

Merrill

Lynch

International

MSCS

-

Morgan

Stanley

Capital

Services

LLC

MSIP

-

Morgan

Stanley

&

Co.

International

plc

408

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2026

See

notes

to

Schedule

of

Investments.

March

31,

2026

(Unaudited)

The

following

reference

rates,

and

their

values

as

of

period

end,

are

used

for

security

descriptions:

1

Month

Stockholm

Interbank

Offered

Rate

(“STIBOR”):

1.98%

Australian

Bank-Bill

Reference

Rate

(“BBR”):

4.06%

Australian

Overnight

Indexed

Swap

Rate

(“AOISR”):

4.10%

Brazilian

Interbank

Certificate

of

Deposit

(“CDI”):

14.65%

Canadian

Overnight

Repo

Rate

Average

(“CORRA”):

2.27%

Euro

Short-Term

Rate

(“ESTR”):

1.93%

Federal

Funds

Floating

Rate:

3.64%

Hong

Kong

Interbank

Offered

Rate

(“HIBOR”):

2.24%

Hong

Kong

Overnight

Index

Average

(“HONIX”):

2.62%

Johannesburg

Interbank

Agreed

Rate

(“JIBAR”):

6.68%

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIE”):

7.06%

1

Day

Mexico

Equilibrium

Interbank

Interest

Rate

(“TIIEOIS”):

6.94%

Norwegian

Overnight

Weighted

Average

(“NOWA”):

4.00%

Overnight

Bank

Funding

Rate

(“OBFR”):

3.64%

Shekel

Interbank

Offered

Rate

(“SHIRON”):

4.00%

Singapore

Overnight

Rate

Average

(“SORA”):

1.00%

South

African

Overnight

Index

(“ZARONIA”):

6.60%

Sterling

Overnight

Index

Average

(“SONIA”):

3.73%

Swiss

Average

Rate

Overnight

(“SARON”):

-0.07%

Tokyo

Overnight

Average

Rate

(“TONAR”):

0.73%

Warsaw

Interbank

Offered

Rate

(“WIBOR”):

3.71%

409

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2026

March

31,

2026

(Unaudited)

The

Consolidated

Schedules

of

Investments

of

the

AQR

Alternative

Risk

Premia

Fund,

AQR

CVX

Fusion

Fund,

AQR

Macro

Opportunities

Fund,

AQR

Managed

Futures

Strategy

Fund,

AQR

Managed

Futures

Strategy

HV

Fund,

AQR

Multi-Asset

Fund,

AQR

Risk-Balanced

Commodities

Strategy

Fund,

AQR

Style

Premia

Alternative

Fund

and

AQR

Trend

Total

Return

Fund (collectively,

the

“Consolidated

Funds”)

include

the

accounts

of

the

AQR

Alternative

Risk

Premia

Offshore

Fund

Ltd.,

AQR

CVX

Fusion

Offshore

Fund

Ltd.,

AQR

Macro

Opportunities

Offshore

Fund

Ltd.,

AQR

Managed

Futures

Strategy

Offshore

Fund

Ltd.,

AQR

Managed

Futures

Strategy

HV

Offshore

Fund

Ltd.,

AQR

Multi-Asset

Offshore

Fund

Ltd.,

AQR

Risk-

Balanced

Commodities

Strategy

Offshore

Fund

Ltd.,

AQR

Style

Premia

Alternative

Offshore

Fund

Ltd.

and

AQR

Trend

Total

Return

Offshore

Fund

Ltd.,

respectively,

which

are

wholly-owned

and

controlled

subsidiaries

(collectively,

the

“Subsidiaries”).

Subsequent

references

to

the

Funds

collectively

refer

to

the

Consolidated

Funds

and

their

Subsidiaries.

Fair

Value

Hierarchy:

Various

inputs

are

utilized

in

determining

the

value

of

each

Fund’s

investments.

GAAP

establishes

a

hierarchy

for

inputs

used

in

measuring

fair

value

that

maximizes

the

use

of

observable

inputs

and

minimizes

the

use

of

unobservable

inputs

by

requiring

the

most

observable

inputs

be

used

when

available.

These

inputs

are

summarized

into

three

broad

levels

as

follows:

Level

1

—

Inputs

using

unadjusted

quoted

prices

in

active

markets

or

exchanges

for

identical

assets

and

liabilities.

Level

2

—

Other

significant

observable

inputs,

which

may

include,

but

are

not

limited

to,

quoted

prices

for

similar

assets

or

liabilities

in

markets

that

are

active,

quoted

prices

for

identical

or

similar

assets

or

liabilities

in

markets

that

are

not

active,

inputs

other

than

quoted

prices

that

are

observable

for

the

assets

or

liabilities

(such

as

interest

rates,

yield

curves,

volatilities,

prepayment

speeds,

credit

risks

and

default

rates)

or

other

market

corroborated

inputs.

Level

3

—

Significant

unobservable

inputs

based

on

the

best

information

available

in

the

circumstances,

to

the

extent

observable

inputs

are

not

available,

which

may

include

assumptions

made

by

the

Board

or

persons

acting

at

their

direction

that

are

used

in

determining

the

fair

value

of

investments.

An

investment

asset’s

or

liability’s

level

within

the

fair

value

hierarchy

is

based

on

the

lowest

level

input,

individually

or

in

aggregate,

that

is

significant

to

fair

value

measurement.

The

objective

of

fair

value

measurement

remains

the

same

even

when

there

is

a

significant

decrease

in

the

volume or

level

of

activity

for

an

asset

or

liability

and

regardless

of

the

valuation

technique

used.

The

valuation

techniques

used

by

the

Funds

to

measure

fair

value

maximize

the

use

of

observable

inputs

and

minimize

the

use

of

unobservable

inputs.

The

inputs

or

methodologies

used

for

valuing

securities

are

not

necessarily

an

indication

of

the

risks associated

with

investing

in

those

securities. Changes

in

valuation

techniques

may

result

in

transfers

into

or

out

of

an

assigned

level

within

the

hierarchy.

Investments

classified as

Level

3

have

significant

unobservable

inputs,

as

they

trade

infrequently

or

not

at

all.

Level

3

instruments

include

illiquid

securities.

When

observable

prices

are

not

available

for

these

securities,

the

Funds

may

use

one

or

more

valuation

approaches

(e.g.,

the

market

approach,

the

income

approach,

or

the

cost

approach),

including

proprietary

models

for

which

sufficient

and

reliable

data

is

available.

Within

Level

3,

the

market

approach

is

generally

based

on

the

technique

of

using

comparable

market

transactions,

while

the

use

of

the

income

approach

includes

the

estimation

of

future

cash

flows

discounted

to

calculate

fair

value.

Discounts

may

also

be

applied

due

to

the

nature

or

durations

of

any

restrictions

on

the

disposition

of

the

investment

or

adjusted

as

appropriate

for

credit,

market,

and/or

other

risk

factors.

Level

3

investments

may

also

be

adjusted

to

reflect

illiquidity

and/or

lack

of

marketability,

with

the

amount

of

such

discount

estimated

by

the

Adviser

in

the

absence

of

market

information.

Assumptions

used

by

the

Funds

due

to

the

lack

of

observable

inputs

may

significantly

impact

the

fair

value

of

the

investment.

The

following

tables

represent

each

Fund’s

valuation

inputs

as

presented

on

the

Schedule

of

Investments:

AQR

ALTERNATIVE

RISK

PREMIA

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

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

$

545,832,240

$

281,446,002

$

–

$

827,278,242

Preferred

Stocks

†

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

–

91,849

–

91,849

Rights

†

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

–

1

–

(a)

1

Warrants

†

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

–

–

–

(a)

–

(a)

Investment

Companies

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

181,776,188

–

–

181,776,188

U.S.

Treasury

Obligations

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

–

77,548,900

–

77,548,900

Purchased

Options

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

–

1,591,383

–

1,591,383

Interest

Rate

Swap

Contracts

*

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

–

2,682,591

–

2,682,591

Total

Return

Swap

Contracts

*

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

–

87,371

–

87,371

Futures

Contracts

*

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

9,634,588

–

–

9,634,588

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

12,901,738

–

12,901,738

Total

Assets

$

737,243,016

$

376,349,835

$

–

(a)

$

1,113,592,851

–

–

–

–

410

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2026

March

31,

2026

(Unaudited)

AQR

ALTERNATIVE

RISK

PREMIA

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

LIABILITIES

Common

Stocks

(Sold

Short)

†

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

$

(

537,768,715

)

$

(

256,990,195

)

$

–

$

(

794,758,910

)

Preferred

Stocks

(Sold

Short)

†

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

–

(

2,416,101

)

–

(

2,416,101

)

Written

Option

Contracts

(Premium-Style)

...........

–

(

180,856

)

–

(

180,856

)

Interest

Rate

Swap

Contracts

*

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

–

(

4,356,215

)

–

(

4,356,215

)

Total

Return

Swap

Contracts

*

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

–

(

470,854

)

–

(

470,854

)

Futures

Contracts

*

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

(

12,482,914

)

–

–

(

12,482,914

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

10,618,895

)

–

(

10,618,895

)

Total

Liabilities

$

(

550,251,629

)

$

(

275,033,116

)

$

–

$

(

825,284,745

)

AQR

CVX

FUSION

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

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

$

12,857,835

$

5,833,015

$

–

$

18,690,850

Preferred

Stocks

†

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

–

52,169

–

52,169

Rights

†

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

–

–

(a)

–

–

(a)

Investment

Companies

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

12,656,442

–

–

12,656,442

U.S.

Treasury

Obligations

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

–

11,424,479

–

11,424,479

Purchased

Options

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

–

94,187

–

94,187

Credit

Default

Swap

Contracts

*

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

–

4,663

–

4,663

Interest

Rate

Swap

Contracts

*

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

–

160,187

–

160,187

Total

Return

Swap

Contracts

*

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

–

3,253

–

3,253

Futures

Contracts

*

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

346,560

–

–

346,560

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

357,840

–

357,840

Total

Assets

$

25,860,837

$

17,929,793

$

–

$

43,790,630

–

–

–

–

LIABILITIES

Common

Stocks

(Sold

Short)

†

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

$

(

13,795,278

)

$

(

7,020,712

)

$

–

$

(

20,815,990

)

Preferred

Stocks

(Sold

Short)

†

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

–

(

38,515

)

–

(

38,515

)

Written

Option

Contracts

(Premium-Style)

...........

–

(

10,961

)

–

(

10,961

)

Credit

Default

Swap

Contracts

*

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

–

(

4,378

)

–

(

4,378

)

Interest

Rate

Swap

Contracts

*

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

–

(

153,908

)

–

(

153,908

)

Total

Return

Swap

Contracts

*

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

–

(

2,116

)

–

(

2,116

)

Futures

Contracts

*

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

(

797,328

)

–

–

(

797,328

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

373,531

)

–

(

373,531

)

Total

Liabilities

$

(

14,592,606

)

$

(

7,604,121

)

$

–

$

(

22,196,727

)

AQR

DIVERSIFIED

ARBITRAGE

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

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

$

186,564,135

$

12,371,247

$

12,286,813

$

211,222,195

Closed-End

Funds

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

–

6,624

–

6,624

Corporate

Bonds

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

–

76,515,875

125,629

76,641,504

Convertible

Bonds

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

–

677,233,901

–

677,233,901

Rights

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

101,494

171,419

65,188

338,101

Warrants

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

274,114

277,914

852,956

1,404,984

Securities

in

Litigation

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

–

–

–

(a)

–

(a)

Units

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

11,954,290

65,874

3,377,285

15,397,449

Investment

Companies

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

718,841,810

–

–

718,841,810

U.S.

Treasury

Obligations

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

–

701,280,468

–

701,280,468

Futures

Contracts

*

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

2,787,857

–

–

2,787,857

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

2,517,144

–

2,517,144

Total

Return

Basket

Swap

Contracts

*

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

–

11,371,366

–

11,371,366

Total

Assets

$

920,523,700

$

1,481,811,832

$

16,707,871

$

2,419,043,403

–

–

–

–

LIABILITIES

Common

Stocks

(Sold

Short)

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

$

(

229,300,638

)

$

(

27,137,467

)

$

–

$

(

256,438,105

)

Exchange

Traded

Funds

(Sold

Short)

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

(

1,214,840

)

–

–

(

1,214,840

)

Credit

Default

Swap

Contracts

*

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

–

(

387,833

)

–

(

387,833

)

Futures

Contracts

*

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

(

24,301

)

–

–

(

24,301

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

512,498

)

–

(

512,498

)

Total

Return

Basket

Swap

Contracts

*

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

–

(

11,707,773

)

–

(

11,707,773

)

Total

Liabilities

$

(

230,539,779

)

$

(

39,745,571

)

$

–

$

(

270,285,350

)

411

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2026

March

31,

2026

(Unaudited)

AQR

DIVERSIFYING

STRATEGIES

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Investment

Companies

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

$

6,924,443,058

$

–

$

–

$

6,924,443,058

Total

Assets

$

6,924,443,058

$

–

$

–

$

6,924,443,058

–

–

–

–

AQR

EQUITY

MARKET

NEUTRAL

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

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

$

3,914,333,250

$

2,528,858,830

$

–

$

6,443,192,080

Preferred

Stocks

†

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

–

2,170,033

–

2,170,033

Rights

†

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

–

26

–

26

Investment

Companies

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

807,623,324

–

–

807,623,324

U.S.

Treasury

Obligations

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

–

993,752,515

–

993,752,515

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

6,257,018

–

6,257,018

Total

Return

Basket

Swap

Contracts

*

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

–

21

–

21

Total

Assets

$

4,721,956,574

$

3,531,038,443

$

–

$

8,252,995,017

–

–

–

–

LIABILITIES

Common

Stocks

(Sold

Short)

†

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

$

(

3,855,200,318

)

$

(

2,195,220,967

)

$

–

$

(

6,050,421,285

)

Preferred

Stocks

(Sold

Short)

†

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

–

(

25,223,075

)

–

(

25,223,075

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

899,111

)

–

(

899,111

)

Total

Liabilities

$

(

3,855,200,318

)

$

(

2,221,343,153

)

$

–

$

(

6,076,543,471

)

AQR

LONG-SHORT

EQUITY

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

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

$

10,244,105,121

$

6,149,079,253

$

–

$

16,393,184,374

Investment

Companies

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

1,904,011,827

–

–

1,904,011,827

U.S.

Treasury

Obligations

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

–

2,296,298,440

–

2,296,298,440

Total

Return

Swap

Contracts

*

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

–

26,382

–

26,382

Futures

Contracts

*

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

1,189,010

–

–

1,189,010

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

17,299,969

–

17,299,969

Total

Return

Basket

Swap

Contracts

*

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

–

–

–

(a)

–

(a)

Total

Assets

$

12,149,305,958

$

8,462,704,044

$

–

(a)

$

20,612,010,002

–

–

–

–

LIABILITIES

Common

Stocks

(Sold

Short)

†

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

$

(

10,194,514,090

)

$

(

5,568,608,294

)

$

–

$

(

15,763,122,384

)

Preferred

Stocks

(Sold

Short)

†

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

–

(

73,264,089

)

–

(

73,264,089

)

Rights

(Sold

Short)

†

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

–

–

–

(a)

–

(a)

Total

Return

Swap

Contracts

*

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

–

(

7,623,879

)

–

(

7,623,879

)

Futures

Contracts

*

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

(

54,520,431

)

–

–

(

54,520,431

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

26,150,463

)

–

(

26,150,463

)

Total

Liabilities

$

(

10,249,034,521

)

$

(

5,675,646,725

)

$

–

(a)

$

(

15,924,681,246

)

AQR

LSE

FUSION

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

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

$

32,184,671

$

21,579,307

$

–

$

53,763,978

Rights

†

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

–

–

(a)

–

–

(a)

Investment

Companies

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

9,980,765

–

–

9,980,765

U.S.

Treasury

Obligations

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

–

2,955,662

–

2,955,662

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

68,682

–

68,682

Total

Assets

$

42,165,436

$

24,603,651

$

–

$

66,769,087

–

–

–

–

LIABILITIES

Common

Stocks

(Sold

Short)

†

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

$

(

30,310,617

)

$

(

18,918,326

)

$

–

$

(

49,228,943

)

Preferred

Stocks

(Sold

Short)

†

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

–

(

209,547

)

–

(

209,547

)

Rights

(Sold

Short)

†

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

–

–

–

(a)

–

(a)

Futures

Contracts

*

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

(

303,068

)

–

–

(

303,068

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

9,390

)

–

(

9,390

)

Total

Liabilities

$

(

30,613,685

)

$

(

19,137,263

)

$

–

(a)

$

(

49,750,948

)

412

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2026

March

31,

2026

(Unaudited)

AQR

MACRO

OPPORTUNITIES

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

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

$

48,604,189

$

–

$

–

$

48,604,189

Investment

Companies

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

399,638,516

–

–

399,638,516

U.S.

Treasury

Obligations

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

–

352,795,059

–

352,795,059

Purchased

Options

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

–

2,652,180

–

2,652,180

Credit

Default

Swap

Contracts

*

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

–

1,847,193

–

1,847,193

Interest

Rate

Swap

Contracts

*

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

–

29,217,386

–

29,217,386

Total

Return

Swap

Contracts

*

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

–

1,089,720

–

1,089,720

Futures

Contracts

*

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

21,980,183

–

–

21,980,183

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

27,401,536

–

27,401,536

Total

Assets

$

470,222,888

$

415,003,074

$

–

$

885,225,962

–

–

–

–

LIABILITIES

Written

Option

Contracts

(Premium-Style)

...........

$

–

$

(

301,427

)

$

–

$

(

301,427

)

Reverse

Repurchase

Agreements

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

–

(

12,315,500

)

–

(

12,315,500

)

Credit

Default

Swap

Contracts

*

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

–

(

1,106,393

)

–

(

1,106,393

)

Interest

Rate

Swap

Contracts

*

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

–

(

38,763,871

)

–

(

38,763,871

)

Total

Return

Swap

Contracts

*

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

–

(

1,700,867

)

–

(

1,700,867

)

Futures

Contracts

*

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

(

16,967,112

)

–

–

(

16,967,112

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

26,814,188

)

–

(

26,814,188

)

Total

Liabilities

$

(

16,967,112

)

$

(

81,002,246

)

$

–

$

(

97,969,358

)

AQR

MANAGED

FUTURES

STRATEGY

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

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

$

1,838,745,685

$

958,866,765

$

–

$

2,797,612,450

Preferred

Stocks

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

–

3,142,548

–

3,142,548

Rights

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

–

30

–

30

Investment

Companies

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

727,382,552

–

–

727,382,552

U.S.

Treasury

Obligations

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

–

1,639,528,061

–

1,639,528,061

Purchased

Options

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

–

9,756,878

–

9,756,878

Credit

Default

Swap

Contracts

*

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

–

1,128,147

–

1,128,147

Interest

Rate

Swap

Contracts

*

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

–

38,286,466

–

38,286,466

Total

Return

Swap

Contracts

*

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

–

640,864

–

640,864

Futures

Contracts

*

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

57,610,643

–

–

57,610,643

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

48,180,176

–

48,180,176

Total

Assets

$

2,623,738,880

$

2,699,529,935

$

–

$

5,323,268,815

–

–

–

–

LIABILITIES

Common

Stocks

(Sold

Short)

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

$

(

1,890,729,484

)

$

(

1,002,644,192

)

$

–

$

(

2,893,373,676

)

Preferred

Stocks

(Sold

Short)

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

–

(

10,007,082

)

–

(

10,007,082

)

Written

Option

Contracts

(Premium-Style)

...........

–

(

1,090,618

)

–

(

1,090,618

)

Credit

Default

Swap

Contracts

*

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

–

(

751,123

)

–

(

751,123

)

Interest

Rate

Swap

Contracts

*

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

–

(

21,676,159

)

–

(

21,676,159

)

Total

Return

Swap

Contracts

*

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

–

(

1,038,173

)

–

(

1,038,173

)

Futures

Contracts

*

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

(

15,804,049

)

–

–

(

15,804,049

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

49,212,287

)

–

(

49,212,287

)

Total

Liabilities

$

(

1,906,533,533

)

$

(

1,086,419,634

)

$

–

$

(

2,992,953,167

)

413

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2026

March

31,

2026

(Unaudited)

AQR

MANAGED

FUTURES

STRATEGY

HV

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

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

$

1,084,213,624

$

541,411,598

$

–

$

1,625,625,222

Preferred

Stocks

†

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

–

4,433,256

–

4,433,256

Rights

†

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

–

11

–

11

Investment

Companies

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

266,308,839

–

–

266,308,839

U.S.

Treasury

Obligations

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

–

549,410,371

–

549,410,371

Purchased

Options

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

–

5,523,263

–

5,523,263

Credit

Default

Swap

Contracts

*

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

–

700,137

–

700,137

Interest

Rate

Swap

Contracts

*

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

–

23,989,813

–

23,989,813

Total

Return

Swap

Contracts

*

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

–

389,978

–

389,978

Futures

Contracts

*

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

35,321,906

–

–

35,321,906

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

27,647,530

–

27,647,530

Total

Return

Basket

Swap

Contracts

*

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

–

–

–

(a)

–

(a)

Total

Assets

$

1,385,844,369

$

1,153,505,957

$

–

(a)

$

2,539,350,326

–

–

–

–

LIABILITIES

Common

Stocks

(Sold

Short)

†

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

$

(

1,098,683,858

)

$

(

583,398,921

)

$

–

$

(

1,682,082,779

)

Preferred

Stocks

(Sold

Short)

†

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

–

(

5,955,126

)

–

(

5,955,126

)

Rights

(Sold

Short)

†

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

–

–

–

(a)

–

(a)

Written

Option

Contracts

(Premium-Style)

...........

–

(

624,776

)

–

(

624,776

)

Credit

Default

Swap

Contracts

*

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

–

(

436,279

)

–

(

436,279

)

Interest

Rate

Swap

Contracts

*

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

–

(

13,412,494

)

–

(

13,412,494

)

Total

Return

Swap

Contracts

*

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

–

(

646,651

)

–

(

646,651

)

Futures

Contracts

*

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

(

9,682,589

)

–

–

(

9,682,589

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

30,435,304

)

–

(

30,435,304

)

Total

Liabilities

$

(

1,108,366,447

)

$

(

634,909,551

)

$

–

(a)

$

(

1,743,275,998

)

AQR

MS

FUSION

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

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

$

25,249,706

$

14,879,847

$

–

$

40,129,553

Rights

†

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

–

–

(a)

–

–

(a)

Investment

Companies

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

6,598,770

–

–

6,598,770

U.S.

Treasury

Obligations

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

–

8,218,485

–

8,218,485

Purchased

Options

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

–

48,542

–

48,542

Credit

Default

Swap

Contracts

*

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

–

1,513

–

1,513

Interest

Rate

Swap

Contracts

*

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

–

251,792

–

251,792

Total

Return

Swap

Contracts

*

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

–

7,504

–

7,504

Futures

Contracts

*

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

71,119

–

–

71,119

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

387,154

–

387,154

Total

Assets

$

31,919,595

$

23,794,837

$

–

$

55,714,432

–

–

–

–

LIABILITIES

Common

Stocks

(Sold

Short)

†

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

$

(

25,093,720

)

$

(

14,200,310

)

$

–

$

(

39,294,030

)

Preferred

Stocks

(Sold

Short)

†

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

–

(

167,688

)

–

(

167,688

)

Rights

(Sold

Short)

†

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

–

–

–

(a)

–

(a)

Written

Option

Contracts

(Premium-Style)

...........

–

(

5,480

)

–

(

5,480

)

Reverse

Repurchase

Agreements

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

–

(

200,250

)

–

(

200,250

)

Credit

Default

Swap

Contracts

*

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

–

(

2,529

)

–

(

2,529

)

Interest

Rate

Swap

Contracts

*

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

–

(

495,352

)

–

(

495,352

)

Total

Return

Swap

Contracts

*

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

–

(

14,237

)

–

(

14,237

)

Futures

Contracts

*

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

(

452,736

)

–

–

(

452,736

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

344,602

)

–

(

344,602

)

Total

Liabilities

$

(

25,546,456

)

$

(

15,430,448

)

$

–

(a)

$

(

40,976,904

)

414

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2026

March

31,

2026

(Unaudited)

AQR

MS

FUSION

HV

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

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

$

101,051,174

$

56,326,927

$

–

$

157,378,101

Preferred

Stocks

†

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

–

102,395

–

102,395

Rights

†

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

–

2

–

2

Investment

Companies

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

15,614,328

–

–

15,614,328

U.S.

Treasury

Obligations

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

–

20,060,682

–

20,060,682

Purchased

Options

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

–

184,566

–

184,566

Credit

Default

Swap

Contracts

*

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

–

13,238

–

13,238

Interest

Rate

Swap

Contracts

*

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

–

1,383,622

–

1,383,622

Total

Return

Swap

Contracts

*

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

–

53,060

–

53,060

Futures

Contracts

*

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

397,651

–

–

397,651

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

1,986,282

–

1,986,282

Total

Assets

$

117,063,153

$

80,110,774

$

–

$

197,173,927

–

–

–

–

LIABILITIES

Common

Stocks

(Sold

Short)

†

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

$

(

100,501,351

)

$

(

53,555,912

)

$

–

$

(

154,057,263

)

Preferred

Stocks

(Sold

Short)

†

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

–

(

540,652

)

–

(

540,652

)

Rights

(Sold

Short)

†

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

–

–

–

(a)

–

(a)

Written

Option

Contracts

(Premium-Style)

...........

–

(

21,922

)

–

(

21,922

)

Reverse

Repurchase

Agreements

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

–

(

1,001,250

)

–

(

1,001,250

)

Credit

Default

Swap

Contracts

*

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

–

(

6,463

)

–

(

6,463

)

Interest

Rate

Swap

Contracts

*

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

–

(

2,669,573

)

–

(

2,669,573

)

Total

Return

Swap

Contracts

*

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

–

(

81,484

)

–

(

81,484

)

Futures

Contracts

*

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

(

1,487,928

)

–

–

(

1,487,928

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

1,881,768

)

–

(

1,881,768

)

Total

Liabilities

$

(

101,989,279

)

$

(

59,759,024

)

$

–

(a)

$

(

161,748,303

)

AQR

MULTI-ASSET

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

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

$

855,018,022

$

297,931,591

$

–

(a)

$

1,152,949,613

Preferred

Stocks

†

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

–

369,481

–

369,481

Foreign

Government

Securities

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

–

236,235,712

–

236,235,712

Investment

Companies

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

505,799,809

–

–

505,799,809

U.S.

Treasury

Obligations

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

–

523,723,323

–

523,723,323

Total

Return

Swap

Contracts

*

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

–

3,165,036

–

3,165,036

Futures

Contracts

*

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

25,395,420

–

–

25,395,420

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

44,238,307

–

44,238,307

Total

Assets

$

1,386,213,251

$

1,105,663,450

$

–

(a)

$

2,491,876,701

–

–

–

–

LIABILITIES

Common

Stocks

(Sold

Short)

†

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

$

(

189,605,700

)

$

(

76,905,536

)

$

–

$

(

266,511,236

)

Preferred

Stocks

(Sold

Short)

†

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

–

(

2,352,093

)

–

(

2,352,093

)

Warrants

(Sold

Short)

†

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

–

–

–

(a)

–

(a)

Total

Return

Swap

Contracts

*

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

–

(

4,506,624

)

–

(

4,506,624

)

Futures

Contracts

*

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

(

62,148,366

)

–

–

(

62,148,366

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

34,378,442

)

–

(

34,378,442

)

Total

Liabilities

$

(

251,754,066

)

$

(

118,142,695

)

$

–

(a)

$

(

369,896,761

)

AQR

RISK-BALANCED

COMMODITIES

STRATEGY

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Investment

Companies

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

$

860,479,852

$

–

$

–

$

860,479,852

U.S.

Treasury

Obligations

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

–

717,021,234

–

717,021,234

Total

Return

Swap

Contracts

*

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

–

17,468,685

–

17,468,685

Futures

Contracts

*

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

57,314,487

–

–

57,314,487

Total

Assets

$

917,794,339

$

734,489,919

$

–

$

1,652,284,258

–

–

–

–

LIABILITIES

Total

Return

Swap

Contracts

*

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

$

–

$

(

911,148

)

$

–

$

(

911,148

)

Futures

Contracts

*

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

(

44,518,206

)

–

–

(

44,518,206

)

Total

Liabilities

$

(

44,518,206

)

$

(

911,148

)

$

–

$

(

45,429,354

)

415

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2026

March

31,

2026

(Unaudited)

Transfers

to

or

from

Level

3

are

generally

due

to

a

decline

or

an

increase

in

market

activity

(e.g.,

frequency

of

trades),

which

resulted

in

a

lack

of

or

increase

in

available

market

inputs

to

determine

price.

AQR

STYLE

PREMIA

ALTERNATIVE

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

†

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

$

2,351,712,451

$

1,373,973,609

$

–

$

3,725,686,060

Rights

†

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

–

27

–

27

Investment

Companies

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

609,421,539

–

–

609,421,539

U.S.

Treasury

Obligations

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

–

459,396,781

–

459,396,781

Purchased

Options

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

–

7,463,140

–

7,463,140

Interest

Rate

Swap

Contracts

*

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

–

17,361,141

–

17,361,141

Total

Return

Swap

Contracts

*

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

–

1,923,922

–

1,923,922

Futures

Contracts

*

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

43,124,862

–

–

43,124,862

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

80,302,879

–

80,302,879

Total

Return

Basket

Swap

Contracts

*

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

–

1,382,069

–

(a)

1,382,069

Total

Assets

$

3,004,258,852

$

1,941,803,568

$

–

(a)

$

4,946,062,420

–

–

–

–

LIABILITIES

Common

Stocks

(Sold

Short)

†

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

$

(

2,234,014,585

)

$

(

1,139,410,800

)

$

–

$

(

3,373,425,385

)

Preferred

Stocks

(Sold

Short)

†

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

–

(

14,095,972

)

–

(

14,095,972

)

Written

Option

Contracts

(Premium-Style)

...........

–

(

838,515

)

–

(

838,515

)

Interest

Rate

Swap

Contracts

*

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

–

(

29,590,671

)

–

(

29,590,671

)

Total

Return

Swap

Contracts

*

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

–

(

3,738,725

)

–

(

3,738,725

)

Futures

Contracts

*

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

(

47,376,024

)

–

–

(

47,376,024

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

62,004,090

)

–

(

62,004,090

)

Total

Return

Basket

Swap

Contracts

*

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

–

(

937,464

)

–

(

937,464

)

Total

Liabilities

$

(

2,281,390,609

)

$

(

1,250,616,237

)

$

–

$

(

3,532,006,846

)

AQR

TREND

TOTAL

RETURN

FUND

LEVEL

1

LEVEL

2

LEVEL

3

TOTALS

ASSETS

Common

Stocks

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

$

134,164,638

$

64,404,112

$

–

$

198,568,750

Preferred

Stocks

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

–

501,745

–

501,745

Rights

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

–

1

–

1

Investment

Companies

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

112,580,794

–

–

112,580,794

U.S.

Treasury

Obligations

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

–

58,700,739

–

58,700,739

Purchased

Options

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

–

427,923

–

427,923

Credit

Default

Swap

Contracts

*

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

–

77,667

–

77,667

Interest

Rate

Swap

Contracts

*

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

–

1,739,473

–

1,739,473

Total

Return

Swap

Contracts

*

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

–

45,651

–

45,651

Futures

Contracts

*

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

3,829,310

–

–

3,829,310

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

3,137,948

–

3,137,948

Total

Return

Basket

Swap

Contracts

*

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

–

31

–

31

Total

Assets

$

250,574,742

$

129,035,290

$

–

$

379,610,032

–

–

–

–

LIABILITIES

Common

Stocks

(Sold

Short)

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

$

(

136,254,962

)

$

(

69,326,378

)

$

–

$

(

205,581,340

)

Preferred

Stocks

(Sold

Short)

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

–

(

641,973

)

–

(

641,973

)

Written

Option

Contracts

(Premium-Style)

...........

–

(

49,324

)

–

(

49,324

)

Credit

Default

Swap

Contracts

*

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

–

(

44,142

)

–

(

44,142

)

Interest

Rate

Swap

Contracts

*

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

–

(

1,458,000

)

–

(

1,458,000

)

Total

Return

Swap

Contracts

*

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

–

(

39,622

)

–

(

39,622

)

Futures

Contracts

*

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

(

3,339,380

)

–

–

(

3,339,380

)

Forward

Foreign

Currency

Exchange

Contracts

*

......

–

(

3,406,784

)

–

(

3,406,784

)

Total

Liabilities

$

(

139,594,342

)

$

(

74,966,223

)

$

–

$

(

214,560,565

)

*

Derivative

instruments,

including

total

return

swap,

futures

and

forward

foreign

currency

exchange

contracts,

are

reported

at

the

cumulative

unrealized

appreciation

(depreciation)

of

the

instrument

on

the

Funds’

Schedules

of

Investments.

Credit

default

swaps,

interest

rate

swaps

and

total

return

basket

swap

contracts

are

reported

at

market

value.

†

Please

refer

to

the

Schedule

of

Investments

to

view

securities

segregated

by

country.

(a)

Securities

have

zero

value.

416

Notes

to

Schedule

of

Investments

AQR

Funds

|

N-PORT

Part

F

|

March

2026

March

31,

2026

(Unaudited)

The

following

table

includes

a

rollforward

of

the

balances

of

investments

classified

within

Level

3

of

the

fair

value

hierarchy

for

the

period

for

each

Fund

that

held

Level

3

securities

that

were

considered

quantitatively

significant:

The

fair

values

of

Level

3

investments

are

based

on

significant

unobservable

inputs

that

reflect

the

Adviser’s

determination

of

assumptions

that

market

participants

might

reasonably

use

in

valuing

the

securities.

Changes

in

significant

unobservable

inputs

could

cause

significant

changes

in

valuation

to

individual

securities

and

in

aggregate.

Fair

value

determinations

and

valuation

of

investments

that

are

not

actively

trading

involve

judgment

and

may

differ

materially

from

valuations

that

would

have

been

used

had

greater

market

activity

occurred.

Securities

classified

as

Level

3

in

the

Schedules

of

Investments

of the

AQR

Alternative

Risk

Premia

Fund,

AQR

Long-Short

Equity

Fund,

AQR

LSE

Fusion

Fund,

AQR

Managed

Futures

Strategy

HV

Fund,

AQR

MS

Fusion

Fund,

AQR

MS

Fusion

HV

Fund,

AQR

Multi-Asset

Fund

and

AQR

Style

Premia

Alternative

Fund

are

considered

quantitatively

insignificant

for

additional

disclosure.

For

more

information

on

the

Funds’

policy

regarding

the

valuation

of

investments

and

other

significant

accounting

policies,

please

refer

to

the

notes

to

the

financial

statements

as

disclosed

in

the

most

recent

semi-annual

and

annual

reports. 

Subsequent

Events 

The

Funds

have

evaluated

subsequent

events

through

the

date

of

issuance

of

this

report

and

have

determined

that

there

are

no

material

events.

AQR

DIVERSIFIED

ARBITRAGE

FUND

COMMON

STOCKS

CORPORATE

BONDS

RIGHTS

WARRANTS

SECURITIES

IN

LITIGATION

UNITS

Balance

as

of

December

31,

2025

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

$

11,821,321

$

125,629

$

30,944

$

842,708

$

–

(a)

$

2,877,281

Accrued

discounts/(premiums)

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

–

–

–

–

–

–

Realized

gain/(loss)

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

(25,356,123)

–

–

11,486

–

–

Change

in

unrealized

appreciation/(depreciation)

......

25,817,241

–

34,244

(84,175)

–

–

Purchases

1

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

5,132

–

–

255,867

–

578,184

Sales

2

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

(145)

–

–

(66,437)

–

–

Transfers

into

Level

3

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

–

–

–

4,644

–

–

Transfers

out

of

Level

3

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

(

613

)

–

–

(111,137)

–

(78,180)

Balance

as

of

March

31,

2026

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

$

12,286,813

$

125,629

$

65,188

$

852,956

$

–

(a)

$

3,377,285

Change

in

Unrealized

appreciation/(depreciation)

for

the

securities

still

held

at

March

31,

2026

.......

$

461,119

$

–

$

34,244

$

(

83,331

)

$

–

$

–

1

Purchases

include

all

purchases

of

securities

and

securities

received

in

corporate

actions.

2

Sales

include

all

sales

of

securities,

maturities,

pay

downs

and

securities

tendered

in

a

corporate

action.

(a)

Securities

have

zero

value.