Filed: 2/10/2023ACC: 0001104659-23-018293
📋 What this filing means
CLIFFWATER LLC filed this quarterly 13F‑HR report disclosing 26 equity positions with a total reported market value of $354.97M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
26
Positions
$354.97M
Total AUM (reported)
17.50M
Total Shares
Allocation by class
COM$160.08M45.1%
TOTAL STK MKT$75.25M21.2%
COMMON STOCK$32.75M9.2%
VAN FTSE DEV MKT$32.73M9.2%
VNG RUS3000IDX$18.05M5.1%
SHRT TRM CORP BD$8.74M2.5%
FTSE EMR MKT ETF$7.93M2.2%
Portfolio Concentration
Top 3$132.37M37.3%
4–10$123.46M34.8%
11–25$99.08M27.9%
Rest$63.9K0.0%
Top 3 weight
37.3%
Top 10 weight
72.1%
Voting Authority Distribution
Total shares with voting rights: 17.50M
Sole
Full voting authority
17.50M
shares
% of voting shares100.0%
Shared
Joint voting authority
0.00
shares
% of voting shares0.0%
None
No voting authority
0.00
shares
% of voting shares0.0%
Investment Discretion (by position count)
Sole26
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings26
Rows:
VANGUARD INDEX FDS
SOLEShares393.61K
TypeSH
Market value$75.25M
21.20%
Sole
393.61K
Shared
0.00
None
0.00
VANGUARD TAX-MANAGED FDS
SOLEShares779.94K
TypeSH
Market value$32.73M
9.22%
Sole
779.94K
Shared
0.00
None
0.00
FRANKLIN BSP RLTY TR INC
SOLEShares1.89M
TypeSH
Market value$24.38M
6.87%
Sole
1.89M
Shared
0.00
None
0.00
ARES CAPITAL CORP
SOLEShares1.03M
TypeSH
Market value$19.01M
5.36%
Sole
1.03M
Shared
0.00
None
0.00
NEW MTN FIN CORP
SOLEShares1.48M
TypeSH
Market value$18.29M
5.15%
Sole
1.48M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares105.08K
TypeSH
Market value$18.05M
5.08%
Sole
105.08K
Shared
0.00
None
0.00
SIXTH STREET SPECIALTY LENDI
SOLEShares1.01M
TypeSH
Market value$17.93M
5.05%
Sole
1.01M
Shared
0.00
None
0.00
GOLUB CAP BDC INC
SOLEShares1.34M
TypeSH
Market value$17.63M
4.97%
Sole
1.34M
Shared
0.00
None
0.00
BLACKROCK TCP CAPITAL CORP
SOLEShares1.28M
TypeSH
Market value$16.55M
4.66%
Sole
1.28M
Shared
0.00
None
0.00
OWL ROCK CAPITAL CORPORATION
SOLEShares1.38M
TypeSH
Market value$15.99M
4.51%
Sole
1.38M
Shared
0.00
None
0.00
BARINGS BDC INC
SOLEShares1.71M
TypeSH
Market value$13.94M
3.93%
Sole
1.71M
Shared
0.00
None
0.00
OAKTREE SPECIALTY LENDING CO
SOLEShares2M
TypeSH
Market value$13.74M
3.87%
Sole
2M
Shared
0.00
None
0.00
CVB FINL CORP
SOLEShares412.25K
TypeSH
Market value$10.62M
2.99%
Sole
412.25K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares116.20K
TypeSH
Market value$8.74M
2.46%
Sole
116.20K
Shared
0.00
None
0.00
BLACKSTONE SECD LENDING FD
SOLEShares374.62K
TypeSH
Market value$8.37M
2.36%
Sole
374.62K
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX F
SOLEShares203.40K
TypeSH
Market value$7.93M
2.23%
Sole
203.40K
Shared
0.00
None
0.00
GOLDMAN SACHS BDC INC
SOLEShares519.01K
TypeSH
Market value$7.12M
2.01%
Sole
519.01K
Shared
0.00
None
0.00
SLR INVESTMENT CORP
SOLEShares454.34K
TypeSH
Market value$6.32M
1.78%
Sole
454.34K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares69.80K
TypeSH
Market value$5.76M
1.62%
Sole
69.80K
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares12.20K
TypeSH
Market value$4.67M
1.31%
Sole
12.20K
Shared
0.00
None
0.00
CRESCENT CAP BDC INC
SOLEShares278.65K
TypeSH
Market value$3.56M
1.00%
Sole
278.65K
Shared
0.00
None
0.00
STELLUS CAP INVT CORP
SOLEShares261.95K
TypeSH
Market value$3.47M
0.98%
Sole
261.95K
Shared
0.00
None
0.00
MONROE CAP CORP
SOLEShares351.97K
TypeSH
Market value$3.01M
0.85%
Sole
351.97K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares40.40K
TypeSH
Market value$1.53M
0.43%
Sole
40.40K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.73K
TypeSH
Market value$301.5K
0.08%
Sole
1.73K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 393.61K | SH | $75.25M 21.20% | 393.61K | 0.00 | 0.00 |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 779.94K | SH | $32.73M 9.22% | 779.94K | 0.00 | 0.00 |
FRANKLIN BSP RLTY TR INCSOLE | COMMON STOCK | 1.89M | SH | $24.38M 6.87% | 1.89M | 0.00 | 0.00 |
ARES CAPITAL CORPSOLE | COM | 1.03M | SH | $19.01M 5.36% | 1.03M | 0.00 | 0.00 |
NEW MTN FIN CORPSOLE | COM | 1.48M | SH | $18.29M 5.15% | 1.48M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | VNG RUS3000IDX | 105.08K | SH | $18.05M 5.08% | 105.08K | 0.00 | 0.00 |
SIXTH STREET SPECIALTY LENDISOLE | COM | 1.01M | SH | $17.93M 5.05% | 1.01M | 0.00 | 0.00 |
GOLUB CAP BDC INCSOLE | COM | 1.34M | SH | $17.63M 4.97% | 1.34M | 0.00 | 0.00 |
BLACKROCK TCP CAPITAL CORPSOLE | COM | 1.28M | SH | $16.55M 4.66% | 1.28M | 0.00 | 0.00 |
OWL ROCK CAPITAL CORPORATIONSOLE | COM | 1.38M | SH | $15.99M 4.51% | 1.38M | 0.00 | 0.00 |
BARINGS BDC INCSOLE | COM | 1.71M | SH | $13.94M 3.93% | 1.71M | 0.00 | 0.00 |
OAKTREE SPECIALTY LENDING COSOLE | COM | 2M | SH | $13.74M 3.87% | 2M | 0.00 | 0.00 |
CVB FINL CORPSOLE | COM | 412.25K | SH | $10.62M 2.99% | 412.25K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHRT TRM CORP BD | 116.20K | SH | $8.74M 2.46% | 116.20K | 0.00 | 0.00 |
BLACKSTONE SECD LENDING FDSOLE | COMMON STOCK | 374.62K | SH | $8.37M 2.36% | 374.62K | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FSOLE | FTSE EMR MKT ETF | 203.40K | SH | $7.93M 2.23% | 203.40K | 0.00 | 0.00 |
GOLDMAN SACHS BDC INCSOLE | SHS | 519.01K | SH | $7.12M 2.01% | 519.01K | 0.00 | 0.00 |
SLR INVESTMENT CORPSOLE | COM | 454.34K | SH | $6.32M 1.78% | 454.34K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | REAL ESTATE ETF | 69.80K | SH | $5.76M 1.62% | 69.80K | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 12.20K | SH | $4.67M 1.31% | 12.20K | 0.00 | 0.00 |
CRESCENT CAP BDC INCSOLE | COM | 278.65K | SH | $3.56M 1.00% | 278.65K | 0.00 | 0.00 |
STELLUS CAP INVT CORPSOLE | COM | 261.95K | SH | $3.47M 0.98% | 261.95K | 0.00 | 0.00 |
MONROE CAP CORPSOLE | COM | 351.97K | SH | $3.01M 0.85% | 351.97K | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI EMG MKT ETF | 40.40K | SH | $1.53M 0.43% | 40.40K | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 1.73K | SH | $301.5K 0.08% | 1.73K | 0.00 | 0.00 |
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