Filed: 5/12/2023ACC: 0001104659-23-059827
📋 What this filing means
CLIFFWATER LLC filed this quarterly 13F‑HR report disclosing 26 equity positions with a total reported market value of $312.53M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
26
Positions
$312.53M
Total AUM (reported)
12.88M
Total Shares
Allocation by class
COM$115.41M36.9%
TOTAL STK MKT$77.77M24.9%
COMMON STOCK$34.72M11.1%
VAN FTSE DEV MKT$34.59M11.1%
VNG RUS3000IDX$19.32M6.2%
SHRT TRM CORP BD$8.83M2.8%
FTSE EMR MKT ETF$8.20M2.6%
Portfolio Concentration
Top 3$138.56M44.3%
4–10$102.57M32.8%
11–25$71.33M22.8%
Rest$69.3K0.0%
Top 3 weight
44.3%
Top 10 weight
77.2%
Voting Authority Distribution
Total shares with voting rights: 12.88M
Sole
Full voting authority
12.88M
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
SOLEShares381.02K
TypeSH
Market value$77.77M
24.88%
Sole
381.02K
Shared
0.00
None
0.00
VANGUARD TAX-MANAGED FDS
SOLEShares765.86K
TypeSH
Market value$34.59M
11.07%
Sole
765.86K
Shared
0.00
None
0.00
FRANKLIN BSP RLTY TR INC
SOLEShares2.20M
TypeSH
Market value$26.20M
8.38%
Sole
2.20M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares105.41K
TypeSH
Market value$19.32M
6.18%
Sole
105.41K
Shared
0.00
None
0.00
SIXTH STREET SPECIALTY LENDI
SOLEShares906.13K
TypeSH
Market value$16.58M
5.31%
Sole
906.13K
Shared
0.00
None
0.00
ARES CAPITAL CORP
SOLEShares822.59K
TypeSH
Market value$15.03M
4.81%
Sole
822.59K
Shared
0.00
None
0.00
OWL ROCK CAPITAL CORPORATION
SOLEShares1.16M
TypeSH
Market value$14.57M
4.66%
Sole
1.16M
Shared
0.00
None
0.00
GOLUB CAP BDC INC
SOLEShares1.06M
TypeSH
Market value$14.32M
4.58%
Sole
1.06M
Shared
0.00
None
0.00
NEW MTN FIN CORP
SOLEShares1.04M
TypeSH
Market value$12.69M
4.06%
Sole
1.04M
Shared
0.00
None
0.00
BARINGS BDC INC
SOLEShares1.27M
TypeSH
Market value$10.06M
3.22%
Sole
1.27M
Shared
0.00
None
0.00
BLACKROCK TCP CAPITAL CORP
SOLEShares887.19K
TypeSH
Market value$9.14M
2.92%
Sole
887.19K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares115.81K
TypeSH
Market value$8.83M
2.82%
Sole
115.81K
Shared
0.00
None
0.00
BLACKSTONE SECD LENDING FD
SOLEShares341.77K
TypeSH
Market value$8.52M
2.73%
Sole
341.77K
Shared
0.00
None
0.00
OAKTREE SPECIALTY LENDING CO
SOLEShares451.66K
TypeSH
Market value$8.48M
2.71%
Sole
451.66K
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX F
SOLEShares202.93K
TypeSH
Market value$8.20M
2.62%
Sole
202.93K
Shared
0.00
None
0.00
CVB FINL CORP
SOLEShares412.25K
TypeSH
Market value$6.88M
2.20%
Sole
412.25K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares69.80K
TypeSH
Market value$5.80M
1.85%
Sole
69.80K
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares12.20K
TypeSH
Market value$5.00M
1.60%
Sole
12.20K
Shared
0.00
None
0.00
STELLUS CAP INVT CORP
SOLEShares267.15K
TypeSH
Market value$3.76M
1.20%
Sole
267.15K
Shared
0.00
None
0.00
SLR INVESTMENT CORP
SOLEShares139.75K
TypeSH
Market value$2.10M
0.67%
Sole
139.75K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares40.40K
TypeSH
Market value$1.59M
0.51%
Sole
40.40K
Shared
0.00
None
0.00
CRESCENT CAP BDC INC
SOLEShares88.27K
TypeSH
Market value$1.20M
0.38%
Sole
88.27K
Shared
0.00
None
0.00
GOLDMAN SACHS BDC INC
SOLEShares67.80K
TypeSH
Market value$925.4K
0.30%
Sole
67.80K
Shared
0.00
None
0.00
MONROE CAP CORP
SOLEShares78.44K
TypeSH
Market value$600.1K
0.19%
Sole
78.44K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.73K
TypeSH
Market value$308.5K
0.10%
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 | 381.02K | SH | $77.77M 24.88% | 381.02K | 0.00 | 0.00 |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 765.86K | SH | $34.59M 11.07% | 765.86K | 0.00 | 0.00 |
FRANKLIN BSP RLTY TR INCSOLE | COMMON STOCK | 2.20M | SH | $26.20M 8.38% | 2.20M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | VNG RUS3000IDX | 105.41K | SH | $19.32M 6.18% | 105.41K | 0.00 | 0.00 |
SIXTH STREET SPECIALTY LENDISOLE | COM | 906.13K | SH | $16.58M 5.31% | 906.13K | 0.00 | 0.00 |
ARES CAPITAL CORPSOLE | COM | 822.59K | SH | $15.03M 4.81% | 822.59K | 0.00 | 0.00 |
OWL ROCK CAPITAL CORPORATIONSOLE | COM | 1.16M | SH | $14.57M 4.66% | 1.16M | 0.00 | 0.00 |
GOLUB CAP BDC INCSOLE | COM | 1.06M | SH | $14.32M 4.58% | 1.06M | 0.00 | 0.00 |
NEW MTN FIN CORPSOLE | COM | 1.04M | SH | $12.69M 4.06% | 1.04M | 0.00 | 0.00 |
BARINGS BDC INCSOLE | COM | 1.27M | SH | $10.06M 3.22% | 1.27M | 0.00 | 0.00 |
BLACKROCK TCP CAPITAL CORPSOLE | COM | 887.19K | SH | $9.14M 2.92% | 887.19K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHRT TRM CORP BD | 115.81K | SH | $8.83M 2.82% | 115.81K | 0.00 | 0.00 |
BLACKSTONE SECD LENDING FDSOLE | COMMON STOCK | 341.77K | SH | $8.52M 2.73% | 341.77K | 0.00 | 0.00 |
OAKTREE SPECIALTY LENDING COSOLE | COM | 451.66K | SH | $8.48M 2.71% | 451.66K | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FSOLE | FTSE EMR MKT ETF | 202.93K | SH | $8.20M 2.62% | 202.93K | 0.00 | 0.00 |
CVB FINL CORPSOLE | COM | 412.25K | SH | $6.88M 2.20% | 412.25K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | REAL ESTATE ETF | 69.80K | SH | $5.80M 1.85% | 69.80K | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 12.20K | SH | $5.00M 1.60% | 12.20K | 0.00 | 0.00 |
STELLUS CAP INVT CORPSOLE | COM | 267.15K | SH | $3.76M 1.20% | 267.15K | 0.00 | 0.00 |
SLR INVESTMENT CORPSOLE | COM | 139.75K | SH | $2.10M 0.67% | 139.75K | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI EMG MKT ETF | 40.40K | SH | $1.59M 0.51% | 40.40K | 0.00 | 0.00 |
CRESCENT CAP BDC INCSOLE | COM | 88.27K | SH | $1.20M 0.38% | 88.27K | 0.00 | 0.00 |
GOLDMAN SACHS BDC INCSOLE | SHS | 67.80K | SH | $925.4K 0.30% | 67.80K | 0.00 | 0.00 |
MONROE CAP CORPSOLE | COM | 78.44K | SH | $600.1K 0.19% | 78.44K | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 1.73K | SH | $308.5K 0.10% | 1.73K | 0.00 | 0.00 |
Page 1 of 2