AQR Emerging R.C. Equity Mutual Fund June 30, 2019
Portfolio Exposures
NAV: $9,033,729
Asset Class Security Description Exposure Quantity
Equity 3SBio INC Ord Shs (6,871) (4,000)
Equity 58.com ADR Representing 2 Ord Shs Class A 13,988 225
Equity AAC Technologies Holdings Ord Shs 17,030 3,000
Equity Absa Group Ord Shs 23,577 1,889
Equity Abu Dhabi Commercial Bank Ord Shs 5,125 2,268
Equity Adaro Energy Tbk Ord Shs 28,543 296,500
Equity Agricultural Bank of China Ord Shs A 11,322 21,600
Equity Air China Ord Shs H 12,104 12,000
Equity Alfa A Ord Shs 71,762 73,100
Equity Alibaba Group Holding ADR Representing 1 Ord Shs 364,148 2,149
Equity Alibaba Pictures Group Ord Shs (21,504) (100,000)
Equity Aluminum Corporation of China Ord Shs H 3,546 10,000
Equity America Movil ADR Rep 20 Ord Shs Series L (8,561) (588)
Equity Amorepacific Ord Shs 73,371 515
Equity Anglo American Platinum Ord Shs 50,983 859
Equity AngloGold Ashanti ADR Reptg 1 Ord Shs 45,540 2,557
Equity Anhui Conch Cement Ord Shs H 6,266 1,000
Equity ANTA Sports Products Ord Shs 144,211 21,000
Equity Aspen Pharmacare Ord Shs (7,608) (1,068)
Equity Autohome ADR Representing Ord Shs Class A 10,274 120
Equity Axis Bank GDR 152,251 2,616
Equity Ayala Land Ord Shs 19,136 19,300
Equity Ayala Ord Shs 10,644 610
Equity B2w Companhia Digital Ord Shs (4,269) (500)
Equity B3 Brasil Bolsa Balcao Ord Shs 42,028 4,300
Equity Baic Motor Ord Shs H 18,816 30,000
Equity Baidu ADR Reptg 1/10 Ord Shs Class A 57,624 491
Equity Banco de Chile ADR Representing 200 Ord Shs 43,615 1,469
Equity Banco de Credito E Inversion Ord Shs 6,404 93
Equity Banco do Brasil Ord Shs 43,629 3,100
Equity Bangkok Bank Non-Voting DR 41,112 6,400
Equity Bank Negara Indonesia Ord Shs 82,313 126,400
Equity Bank of China Ord Shs A 32,781 60,200
Equity Bank of China Ord Shs H 63,360 150,000
Equity Bank of Communications Ord Shs A 32,446 36,413
Equity BBMG Ord Shs H (67,148) (209,000)
Equity BDO Unibank Ord Shs 14,728 5,390
Equity Beijing Capital International Airport Ord Shs H 43,840 50,000 rrid-3841145 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com AQR Emerging R.C. Equity Mutual Fund
Equity Beijing Enterprises Holdings Ord Shs 7,622 1,500
Equity Beijing Enterprises Water Group Ord Shs (222,126) (374,000)
Equity BGF Retail Ord Shs (36,548) (200)
Equity Bid Corporation Ord Shs 12,083 555
Equity Bnk Financial Group Ord Shs 19,590 3,020
Equity Braskem Pref Shs Series A (18,280) (2,000)
Equity Brilliance China Automotive Holdings Ord Shs (256,573) (232,000)
Equity BYD Ord Shs A 2,954 400
Equity CCC Ord Shs (59,588) (1,318)
Equity Celltrion HealthCare Ord Shs (14,190) (290)
Equity Celltrion Ord Shs (114,617) (644)
Equity Centrais Eletr Bras-Eletrobras Ord Shs 124,163 13,500
Equity Central Pattana Non-Voting DR 22,255 9,100
Equity Charoen Pokphand Indonesia Ord Shs 3,013 9,000
Equity China Airlines Ord Shs 83,321 263,000
Equity China Construction Bank Ord Shs H 22,397 26,000
Equity China Development Financial Holding Ord Shs 216,783 711,000
Equity China Education Group Holdings Ord Shs (9,370) (6,000)
Equity China Evergrande Group Ord Shs 11,213 4,000
Equity China Gas Holdings Ord Shs (34,953) (9,400)
Equity China Hongqiao Group Ord Shs 12,342 17,500
Equity China International Capital Ord Shs H (70,201) (34,800)
Equity China Longyuan Power Group Ord Shs H 196,232 306,000
Equity China Medical System Holdings Ord Shs 201,626 220,000
Equity China Merchants Bank Ord Shs A 4,191 800
Equity China Mobile Ord Shs 209,466 23,000
Equity China Molybdenum Ord Shs H 4,742 15,000
Equity China National Building Material Ord Shs H 103,462 118,000
Equity China Oriental Ord Shs 8,189 14,000
Equity China Overseas Land & Investment Ord Shs 36,864 10,000
Equity China Pacific Insurance (Group) Ord Shs A 2,658 500
Equity China Resources Cement Holdings Ord Shs 89,144 92,000
Equity China Resources Gas Group Ord Shs 9,920 2,000
Equity China Resources Land Ord Shs 35,226 8,000
Equity China Resources Power Ord Shs 32,102 22,000
Equity China State Construction International Holdings Ord Shs (28,744) (28,000)
Equity China Taiping Insurance Hldgs Ord Shs 28,892 10,800
Equity CHINA VANKE Ord Shs H 13,126 3,500
Equity Chong Sing Holdings Fintech Group Ord Shs 1,526 1,084,000
Equity Cia Energetica de Minas Gerais Pref Shs 34,097 8,800
Equity Cielo Ord Shs 40,853 23,300
Equity Citic Securities Ord Shs A 3,120 900
Equity Cj Cheiljedang Ord Shs (155,104) (603)
Equity CJ Logistics Ord Shs (87,481) (751) rrid-3841145 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com AQR Emerging R.C. Equity Mutual Fund
Equity CNOOC Ord Shs 25,651 15,000
Equity Companhia de Saneamento Basico do Estado de Sao Paulo ADR Representing 1 Ord Shs 152,162 12,503
Equity Cosan Industria e Comercio Ord Shs (19,266) (1,600)
Equity COSCO SHIPPING Energy Transportation Ord Shs H (22,472) (38,000)
Equity Country Garden Holdings Ord Shs 21,289 14,000
Equity Credicorp Ord Shs 26,782 117
Equity CSPC Pharmaceutical Group Ord Shs 90,317 56,000
Equity Ctrip.com International 8 ADR Representing 1 Ord Shs 29,085 788
Equity Daelim Industrial Ord Shs 26,493 266
Equity Delta Electronics Ord Shs 10,142 2,000
Equity Dino Polska Ord Shs (140,827) (4,012)
Equity Discovery Ord Shs 16,506 1,561
Equity Dr Reddys Laboratories ADR repsg 1 Ord Shs 2,548 68
Equity E-Mart Ord Shs 2,546 21
Equity Electricity Generating Non-Voting DR 3,179 300
Equity Emaar Properties Ord Shs 24,434 20,305
Equity Embraer ADR Representing Four Ord Shs 10,770 535
Equity Emirates Telecom Ord Shs 20,748 4,569
Equity Empresas CMPC SA Ord Shs 5,493 2,005
Equity Enel Americas ADR Representing 50 Ord Shs 6,564 740
Equity Enel Chile ADR Representing 50 Ord Shs 3,800 795
Equity Energias Do Brasil Sa Ord Shs Brazil 179,007 36,300
Equity Far East Horizon Ord Shs 22,500 22,000
Equity Far Eastern New Century Ord Shs 11,864 11,000
Equity Fibra Uno Administracion REIT Ord Shs 17,201 13,000
Equity First Abu Dhabi Bank Ord Shs 20,657 5,106
Equity Firstrand Ord Shs 23,538 4,842
Equity Formosa Petrochemical Ord Shs (7,115) (2,000)
Equity Genscript Biotech Ord Shs 5,023 2,000
Equity GLOBALWAFERS Ord Shs 50,629 5,000
Equity Gold Fields ADR Representing 1 Ord Shs 35,214 6,509
Equity Gpo Finance Banorte Ord Shs 25,505 4,400
Equity Growthpoint Prop ord shs 6,967 4,046
Equity Grupo Mexico B Ord Shs 46,694 17,600
Equity Grupo Televisa ADS Rep 5 Ord PTG Certs 12,128 1,437
Equity Guangzhou Automobile Group Ord Shs H (46,971) (44,000)
Equity Haier Electronics Group Ord Shs 22,118 8,000
Equity Haitian International Ord Shs 222,149 107,000
Equity Hana Financial Group Ord Shs 138,989 4,291
Equity Hanwha Chemical Ord Shs (6,173) (314)
Equity Hanwha Life Insurance Ord Shs 46,613 16,434
Equity Hanwha Ord Shs 17,967 777
Equity HDC OP Ord Shs 4,257 113
Equity Hengten Networks Group Ord Shs 6,857 288,000 rrid-3841145 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com AQR Emerging R.C. Equity Mutual Fund
Equity Hiwin Technologies Ord Shs (25,113) (3,000)
Equity Hua Hong Semiconductor Ord Shs 34,836 18,000
Equity Huaneng Renewables Corporation Ord Shs H 13,760 50,000
Equity Huazhu Group ADR Representing Ord Shs 9,171 253
Equity Hyundai Department Store Ord Shs 115,242 1,609
Equity Hyundai Engineering & Construction Ord Shs 53,848 1,160
Equity ICICI Bank ADR Rep 2 Ord Shs (40,691) (3,232)
Equity Industries Qatar Ord Shs 15,160 4,800
Equity Infosys ADR Representing One Ord Shs (26,236) (2,452)
Equity International Container Terminal Services Ord Shs 3,229 1,130
Equity Investec Ord Shs 5,003 768
Equity Itau Corpbanca Ord Shs 35,950 4,313,944
Equity Jastrzebska Spolka Weglowa Ord Shs 78,346 6,190
Equity JBS Ord Shs 132,326 23,900
Equity JD.Com ADR Representing 2 Ord Shs Class A 41,406 1,367
Equity Jiangsu Hengrui Medicine Ord Shs A 16,144 1,680
Equity Jiangxi Copper Ord Shs H 13,312 10,000
Equity KGHM Polska Miedz Ord Shs 17,735 639
Equity Kia Motors Ord Shs 15,738 413
Equity Kingboard Laminates Holdings Ord Shs 170,007 185,500
Equity Korea Gas Ord Shs 35,049 959
Equity Korea Investment Holdings Ord Shs 152,363 2,180
Equity Korea Shipbuilding And Offshore Engineering Ord Shs (146,451) (1,427)
Equity Korea Zinc Ord Shs 46,996 114
Equity Kroton Educacional Ord Shs (4,293) (1,500)
Equity Krung Thai Bank Public Non-Voting DR 11,064 17,400
Equity KT ADR Rep 1/2 Ord Shs 136,713 11,052
Equity Kumho Petro Chemical Ord Shs 19,570 232
Equity Kunlun Energy Ord Shs (26,150) (30,000)
Equity Larsen and Toubro Sponsored GDR Representing 1 Ord Shs Reg S 157,143 7,031
Equity Lenovo Group Ord Shs 18,586 24,000
Equity LG Chem Ord Shs (73,071) (238)
Equity LG Display Ord Shs (53,118) (3,436)
Equity LG Electronics Ord Shs 153,497 2,235
Equity LG Household & Health Care Ord Shs 23,880 21
Equity LG Uplus Ord Shs 10,046 800
Equity Longfor Group Holdings Ord Shs 15,078 4,000
Equity Lotte Ord Shs (91,456) (2,400)
Equity Maanshan Iron and Steel Ord Shs H (6,349) (16,000)
Equity Malaysia Airports Holdings Ord Shs 203,523 98,600
Equity Meituan Dianping Ord Shs (13,152) (1,500)
Equity MMC Norilsk Nickel PJSC Sponsored ADR Representing Ord Shs 13,853 610
Equity MMG Ord Shs 23,762 68,000
Equity MMI Holdings Ord Shs 6,285 4,672 rrid-3841145 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com AQR Emerging R.C. Equity Mutual Fund
Equity Mobile Telesystems ADR Rep 2 Ord Shs 17,224 1,850
Equity MOL Hungarian Oil and Gas Ord Shs 31,550 2,837
Equity Momo ADR Representing 2 Ord Shs Class A 8,198 229
Equity Mondi Ord Shs 27,378 1,218
Equity MultiChoice Group Ord Shs 9,767 1,028
Equity Nanya Technology Ord Shs 56,070 27,000
Equity Naspers Limited N Ord Shs 31,282 129
Equity Natura Cosmeticos Ord Shs 26,530 1,800
Equity Nedbank Group Ord Shs 19,303 1,075
Equity Nepi Rockcastle Plc Ord Shs 24,999 2,724
Equity NetEase ADR 32,227 126
Equity New China Life Insurance Company Ord Shs H 74,906 15,400
Equity New China Life Insurance Ord Shs A 3,205 400
Equity New Oriental Education & Technology Group ADR Representing 1 Ord Shs 26,560 275
Equity Nh Investment & Securities Ord Shs 7,346 585
Equity NIEN MADE ENTERPRISE Ord Shs 7,518 1,000
Equity OCI Ord Shs (45,816) (567)
Equity OTP Bank Ord Shs 10,326 259
Equity Pao Novatek GDR 34,556 163
Equity Perusahaan Gas Negara Ord 7,826 52,400
Equity Petroleo Brasileiro Pref Shs (17,879) (2,500)
Equity Petronas Gas Ord Shs 5,881 1,400
Equity PGE Polska Grupa Energetyczna Ord Shs 248,147 96,475
Equity PICC Property and Casualty Ord Shs H 137,038 127,000
Equity Pick n Pay Stores Ord Shs 7,594 1,552
Equity Ping An Bank Ord Shs A 3,009 1,500
Equity Ping An Insurance (Group) of China Ord Shs A 10,321 800
Equity PJSC Gazprom ADR CDI 70,447 9,616
Equity PJSC Lukoil Sponsored ADR Representing Ord Shs 56,984 675
Equity POSCO Ord Shs 51,244 242
Equity Pou Chen Ord Shs 16,114 13,000
Equity President Chain Store Ord Shs 135,450 14,000
Equity PTT Exploration and Production Non-Voting DR 53,705 12,200
Equity PTT Non-Voting DR 6,676 4,200
Equity Public Joint Stock Company Severstal GDR 71,360 4,235
Equity Qatar Islamic Bank Ord Shs 2,345 514
Equity Qatar National Bank Ord Shs 42,960 8,220
Equity Realtek Semiconductor Ord Shs 22,071 3,000
Equity Redefine Properties Ord Shs 3,645 5,685
Equity Reliance Industries GDR Representing 2 Ord Shs 144A 272,282 7,532
Equity Remgro Ord Shs 19,788 1,485
Equity RHB Bank Ord Shs 31,518 23,300
Equity RMB Holdings Ord Shs 9,918 1,657
Equity Robinson Ord Shs Non-voting DR 3,118 1,700 rrid-3841145 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com AQR Emerging R.C. Equity Mutual Fund
Equity Rosneft Oil Company GDR 14,941 2,281
Equity S-Oil Ord Shs (31,460) (434)
Equity SAIC Motor Ord Shs A 4,455 1,200
Equity Samsung Electronics Ord Shs 511,377 12,563
Equity Samsung Engineering Ord Shs 10,234 689
Equity Samsung Heavy Industries Ord Shs (7,343) (1,039)
Equity Samsung Life Ord Shs 8,761 121
Equity Samsung SDI Ord Shs (16,386) (80)
Equity Samsung SDS Ord Shs 35,006 188
Equity Samsung Securities Ord Shs 5,317 157
Equity Semiconductor Manufacturing International Ord Shs (97,440) (87,500)
Equity Shandong Weigao Group Medical Polymer Ord Shs H 72,499 80,000
Equity Shanghai Commercial Ord Shs 7,238 4,000
Equity Shanghai Fosun Pharmaceutical (Group) Ord Shs H (12,109) (4,000)
Equity Shanghai Industrial Holdings Ord Shs 8,673 4,000
Equity Shimao Property Holdings Ord Shs 10,662 3,500
Equity Shinsegae Ord Shs 3,910 15
Equity Siam Commercial Bank Non-Voting DR 15,466 3,400
Equity Sime Darby Ord Shs 9,406 17,200
Equity Sina Ord Shs 9,532 221
Equity SINOPEC Engineering Group Ord Shs H 61,857 73,000
Equity Sinopec Shanghai Petrochemical Ord Shs H 103,962 262,000
Equity Sinotruk (Hong Kong) Ord Shs 139,310 80,500
Equity SK Hynix Ord Shs 210,188 3,492
Equity SM Prime Holdings Ord Shs 25,851 35,700
Equity Southern Copper Ord Shs 25,369 653
Equity Standard Bank Group Ord Shs 10,614 761
Equity State Bank Of India GDR Representing 2 Ord Shs Reg S 101,580 1,961
Equity Sul America Units 31,718 3,240
Equity Sunac China Holdings Ord Shs 19,661 4,000
Equity Sunny Optical Technology Ord Shs (53,714) (5,200)
Equity Surgutneftegas Public Joint Adr Ord Shs 18,627 4,532
Equity Suzano Ord Shs (124,281) (14,500)
Equity Taiwan Semiconductor Manufacturing ADR Representing Five Ord Shs 237,879 6,073
Equity TAL Education Group 3 ADR Reptg Ord Shs 26,365 692
Equity Tata Motors ADR Repsg 5 Ord Shs (18,653) (1,597)
Equity Tatung Ord Shs (4,226) (7,000)
Equity Tencent Holdings Ord Shs 297,876 6,600
Equity Thai Union Group Non-Voting DR 3,998 6,700
Equity The People's Insurance Co (Group) of China Ord Shs H 22,643 58,000
Equity TIM Participacoes ADR Reptg 5 Ord Shs 105,299 7,034
Equity Tingyi (Cayman Islands) Holdings Ord Shs 30,044 18,000
Equity TMB Bank Non-Voting DR 10,481 164,000
Equity Truworths International Ord Shs 133,678 26,929 rrid-3841145 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com AQR Emerging R.C. Equity Mutual Fund
Equity Ultrapar Participoes Ord Shs (13,635) (2,600)
Equity Uni-President Enterprises Ord Shs 213,011 80,000
Equity Uni-President Ord Shs 202,675 182,000
Equity Unilever Indonesia Ord Shs 13,697 4,300
Equity United Tractors Ord Shs 117,770 59,000
Equity Vale ADR Representing One Ord Shs 40,078 2,982
Equity Vedanta ADR Representing 4 Ord Shs 5,929 583
Equity Vipshop Holdings Sponsored ADS Representing 0.20 Ord Shs 10,097 1,170
Equity Walmart de Mexico V Ord Shs 118,491 43,443
Equity Weichai Power Ord Shs H 15,206 9,000
Equity Wipro ADR Reptg One Ord Shs 184,254 42,553
Equity WoongJin Coway Ord Shs 9,921 148
Equity Woori Financial Group Ord Shs 13,847 1,138
Equity Wuliangye Yibin Ord Shs A 3,435 200
Equity Xiaomi Ord Shs (18,944) (14,800)
Equity Xinyi Solar Holdings Ord Shs (210,918) (428,000)
Equity Yanzhou Coal Mining Ord Shs H (11,213) (12,000)
Equity Yum China Holdings Ord Shs 29,060 629
Equity Zhaojin Mining Industry Ord Shs H (3,360) (3,000)
Equity Zhongsheng Group Holdings Ord Shs (25,056) (9,000)
Equity ZTO Express Cayman ADR Representing Ord Shs Class A 10,592 554
Equity MSCI EMERG 263,715 5
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rrid-3841145 AQR Capital Management, LLC | Two Greenwich Plaza | Greenwich, CT 06830 | p: +1.203.742.3600 | f: +1.203.742.3100 | w: aqr.com