Filed: 11/14/2023ACC: 0001104659-23-117394
📋 What this filing means
CLIFFWATER LLC filed this quarterly 13F‑HR report disclosing 26 equity positions with a total reported market value of $305.31M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
26
Positions
$305.31M
Total AUM (reported)
10.87M
Total Shares
Allocation by class
COM$103.67M34.0%
TOTAL STK MKT$81.81M26.8%
COMMON STOCK$37.43M12.3%
VAN FTSE DEV MKT$33.48M11.0%
VNG RUS3000IDX$19.88M6.5%
FTSE EMR MKT ETF$8.10M2.7%
SHRT TRM CORP BD$7.54M2.5%
Portfolio Concentration
Top 3$145.38M47.6%
4–10$102.44M33.6%
11–25$57.43M18.8%
Rest$66.7K0.0%
Top 3 weight
47.6%
Top 10 weight
81.2%
Voting Authority Distribution
Total shares with voting rights: 10.87M
Sole
Full voting authority
10.87M
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
SOLEShares385.13K
TypeSH
Market value$81.81M
26.79%
Sole
385.13K
Shared
0.00
None
0.00
VANGUARD TAX-MANAGED FDS
SOLEShares765.75K
TypeSH
Market value$33.48M
10.97%
Sole
765.75K
Shared
0.00
None
0.00
FRANKLIN BSP RLTY TR INC
SOLEShares2.27M
TypeSH
Market value$30.09M
9.86%
Sole
2.27M
Shared
0.00
None
0.00
SIXTH STREET SPECIALTY LENDI
SOLEShares972.85K
TypeSH
Market value$19.89M
6.51%
Sole
972.85K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares104.23K
TypeSH
Market value$19.88M
6.51%
Sole
104.23K
Shared
0.00
None
0.00
ARES CAPITAL CORP
SOLEShares878.50K
TypeSH
Market value$17.10M
5.60%
Sole
878.50K
Shared
0.00
None
0.00
BLUE OWL CAPITAL CORPORATION
SOLEShares979.66K
TypeSH
Market value$13.57M
4.44%
Sole
979.66K
Shared
0.00
None
0.00
GOLUB CAP BDC INC
SOLEShares882.07K
TypeSH
Market value$12.94M
4.24%
Sole
882.07K
Shared
0.00
None
0.00
NEW MTN FIN CORP
SOLEShares845.98K
TypeSH
Market value$10.96M
3.59%
Sole
845.98K
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX F
SOLEShares206.68K
TypeSH
Market value$8.10M
2.65%
Sole
206.68K
Shared
0.00
None
0.00
BLACKROCK TCP CAPITAL CORP
SOLEShares688.58K
TypeSH
Market value$8.08M
2.65%
Sole
688.58K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares100.90K
TypeSH
Market value$7.54M
2.47%
Sole
100.90K
Shared
0.00
None
0.00
BLACKSTONE SECD LENDING FD
SOLEShares268.31K
TypeSH
Market value$7.34M
2.40%
Sole
268.31K
Shared
0.00
None
0.00
OAKTREE SPECIALTY LENDING CO
SOLEShares359.59K
TypeSH
Market value$7.24M
2.37%
Sole
359.59K
Shared
0.00
None
0.00
CVB FINL CORP
SOLEShares417.42K
TypeSH
Market value$6.83M
2.24%
Sole
417.42K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares69.92K
TypeSH
Market value$5.29M
1.73%
Sole
69.92K
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares12.20K
TypeSH
Market value$5.22M
1.71%
Sole
12.20K
Shared
0.00
None
0.00
SLR INVESTMENT CORP
SOLEShares144.82K
TypeSH
Market value$2.23M
0.73%
Sole
144.82K
Shared
0.00
None
0.00
STELLUS CAP INVT CORP
SOLEShares131.18K
TypeSH
Market value$1.76M
0.58%
Sole
131.18K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares40.40K
TypeSH
Market value$1.53M
0.50%
Sole
40.40K
Shared
0.00
None
0.00
CRESCENT CAP BDC INC
SOLEShares88.27K
TypeSH
Market value$1.51M
0.49%
Sole
88.27K
Shared
0.00
None
0.00
GOLDMAN SACHS BDC INC
SOLEShares67.91K
TypeSH
Market value$988.7K
0.32%
Sole
67.91K
Shared
0.00
None
0.00
BARINGS BDC INC
SOLEShares110.06K
TypeSH
Market value$980.7K
0.32%
Sole
110.06K
Shared
0.00
None
0.00
MONROE CAP CORP
SOLEShares78.44K
TypeSH
Market value$584.4K
0.19%
Sole
78.44K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.73K
TypeSH
Market value$305.6K
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 | 385.13K | SH | $81.81M 26.79% | 385.13K | 0.00 | 0.00 |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 765.75K | SH | $33.48M 10.97% | 765.75K | 0.00 | 0.00 |
FRANKLIN BSP RLTY TR INCSOLE | COMMON STOCK | 2.27M | SH | $30.09M 9.86% | 2.27M | 0.00 | 0.00 |
SIXTH STREET SPECIALTY LENDISOLE | COM | 972.85K | SH | $19.89M 6.51% | 972.85K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | VNG RUS3000IDX | 104.23K | SH | $19.88M 6.51% | 104.23K | 0.00 | 0.00 |
ARES CAPITAL CORPSOLE | COM | 878.50K | SH | $17.10M 5.60% | 878.50K | 0.00 | 0.00 |
BLUE OWL CAPITAL CORPORATIONSOLE | COM | 979.66K | SH | $13.57M 4.44% | 979.66K | 0.00 | 0.00 |
GOLUB CAP BDC INCSOLE | COM | 882.07K | SH | $12.94M 4.24% | 882.07K | 0.00 | 0.00 |
NEW MTN FIN CORPSOLE | COM | 845.98K | SH | $10.96M 3.59% | 845.98K | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FSOLE | FTSE EMR MKT ETF | 206.68K | SH | $8.10M 2.65% | 206.68K | 0.00 | 0.00 |
BLACKROCK TCP CAPITAL CORPSOLE | COM | 688.58K | SH | $8.08M 2.65% | 688.58K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHRT TRM CORP BD | 100.90K | SH | $7.54M 2.47% | 100.90K | 0.00 | 0.00 |
BLACKSTONE SECD LENDING FDSOLE | COMMON STOCK | 268.31K | SH | $7.34M 2.40% | 268.31K | 0.00 | 0.00 |
OAKTREE SPECIALTY LENDING COSOLE | COM | 359.59K | SH | $7.24M 2.37% | 359.59K | 0.00 | 0.00 |
CVB FINL CORPSOLE | COM | 417.42K | SH | $6.83M 2.24% | 417.42K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | REAL ESTATE ETF | 69.92K | SH | $5.29M 1.73% | 69.92K | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 12.20K | SH | $5.22M 1.71% | 12.20K | 0.00 | 0.00 |
SLR INVESTMENT CORPSOLE | COM | 144.82K | SH | $2.23M 0.73% | 144.82K | 0.00 | 0.00 |
STELLUS CAP INVT CORPSOLE | COM | 131.18K | SH | $1.76M 0.58% | 131.18K | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI EMG MKT ETF | 40.40K | SH | $1.53M 0.50% | 40.40K | 0.00 | 0.00 |
CRESCENT CAP BDC INCSOLE | COM | 88.27K | SH | $1.51M 0.49% | 88.27K | 0.00 | 0.00 |
GOLDMAN SACHS BDC INCSOLE | SHS | 67.91K | SH | $988.7K 0.32% | 67.91K | 0.00 | 0.00 |
BARINGS BDC INCSOLE | COM | 110.06K | SH | $980.7K 0.32% | 110.06K | 0.00 | 0.00 |
MONROE CAP CORPSOLE | COM | 78.44K | SH | $584.4K 0.19% | 78.44K | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 1.73K | SH | $305.6K 0.10% | 1.73K | 0.00 | 0.00 |
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