Filed: 5/10/2024ACC: 0001104659-24-059843
📋 What this filing means
CLIFFWATER LLC filed this quarterly 13F‑HR report disclosing 25 equity positions with a total reported market value of $371.01M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
25
Positions
$371.01M
Total AUM (reported)
10.38M
Total Shares
Allocation by class
TOTAL STK MKT$102.15M27.5%
COM$55.61M15.0%
COM SHS$47.03M12.7%
INTER TERM TREAS$44.81M12.1%
VAN FTSE DEV MKT$39.49M10.6%
COMMON STOCK$34.14M9.2%
VNG RUS3000IDX$16.55M4.5%
Portfolio Concentration
Top 3$193.99M52.3%
4–10$121.98M32.9%
11–25$55.04M14.8%
Top 3 weight
52.3%
Top 10 weight
85.2%
Voting Authority Distribution
Total shares with voting rights: 10.38M
Sole
Full voting authority
10.38M
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)
Sole25
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings25
Rows:
VANGUARD INDEX FDS
SOLEShares393.03K
TypeSH
Market value$102.15M
27.53%
Sole
393.03K
Shared
0.00
None
0.00
MORGAN STANLEY DIRECT LENDIN
SOLEShares2.18M
TypeSH
Market value$47.03M
12.68%
Sole
2.18M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares769.98K
TypeSH
Market value$44.81M
12.08%
Sole
769.98K
Shared
0.00
None
0.00
VANGUARD TAX-MANAGED FDS
SOLEShares787.05K
TypeSH
Market value$39.49M
10.64%
Sole
787.05K
Shared
0.00
None
0.00
FRANKLIN BSP RLTY TR INC
SOLEShares2.20M
TypeSH
Market value$29.34M
7.91%
Sole
2.20M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares71.05K
TypeSH
Market value$16.55M
4.46%
Sole
71.05K
Shared
0.00
None
0.00
SIXTH STREET SPECIALTY LENDI
SOLEShares489.98K
TypeSH
Market value$10.50M
2.83%
Sole
489.98K
Shared
0.00
None
0.00
ARES CAPITAL CORP
SOLEShares452.06K
TypeSH
Market value$9.41M
2.54%
Sole
452.06K
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX F
SOLEShares211.58K
TypeSH
Market value$8.84M
2.38%
Sole
211.58K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares102.26K
TypeSH
Market value$7.86M
2.12%
Sole
102.26K
Shared
0.00
None
0.00
CVB FINL CORP
SOLEShares412.25K
TypeSH
Market value$7.35M
1.98%
Sole
412.25K
Shared
0.00
None
0.00
GOLUB CAP BDC INC
SOLEShares444.84K
TypeSH
Market value$7.23M
1.95%
Sole
444.84K
Shared
0.00
None
0.00
BLUE OWL CAPITAL CORPORATION
SOLEShares444.11K
TypeSH
Market value$6.83M
1.84%
Sole
444.11K
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares12.20K
TypeSH
Market value$6.38M
1.72%
Sole
12.20K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares69.92K
TypeSH
Market value$6.05M
1.63%
Sole
69.92K
Shared
0.00
None
0.00
NEW MTN FIN CORP
SOLEShares425.17K
TypeSH
Market value$5.39M
1.45%
Sole
425.17K
Shared
0.00
None
0.00
BLACKSTONE SECD LENDING FD
SOLEShares153.94K
TypeSH
Market value$4.80M
1.29%
Sole
153.94K
Shared
0.00
None
0.00
BLACKROCK TCP CAPITAL CORP
SOLEShares366.35K
TypeSH
Market value$3.82M
1.03%
Sole
366.35K
Shared
0.00
None
0.00
OAKTREE SPECIALTY LENDING CO
SOLEShares138.41K
TypeSH
Market value$2.72M
0.73%
Sole
138.41K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares40.40K
TypeSH
Market value$1.66M
0.45%
Sole
40.40K
Shared
0.00
None
0.00
STELLUS CAP INVT CORP
SOLEShares99.96K
TypeSH
Market value$1.30M
0.35%
Sole
99.96K
Shared
0.00
None
0.00
BARINGS BDC INC
SOLEShares113.30K
TypeSH
Market value$1.05M
0.28%
Sole
113.30K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.21K
TypeSH
Market value$255.1K
0.07%
Sole
1.21K
Shared
0.00
None
0.00
INVESCO EXCH TRADED FD TR II
SOLEShares5.94K
TypeSH
Market value$124.8K
0.03%
Sole
5.94K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.04K
TypeSH
Market value$76.9K
0.02%
Sole
1.04K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 393.03K | SH | $102.15M 27.53% | 393.03K | 0.00 | 0.00 |
MORGAN STANLEY DIRECT LENDINSOLE | COM SHS | 2.18M | SH | $47.03M 12.68% | 2.18M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | INTER TERM TREAS | 769.98K | SH | $44.81M 12.08% | 769.98K | 0.00 | 0.00 |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 787.05K | SH | $39.49M 10.64% | 787.05K | 0.00 | 0.00 |
FRANKLIN BSP RLTY TR INCSOLE | COMMON STOCK | 2.20M | SH | $29.34M 7.91% | 2.20M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | VNG RUS3000IDX | 71.05K | SH | $16.55M 4.46% | 71.05K | 0.00 | 0.00 |
SIXTH STREET SPECIALTY LENDISOLE | COM | 489.98K | SH | $10.50M 2.83% | 489.98K | 0.00 | 0.00 |
ARES CAPITAL CORPSOLE | COM | 452.06K | SH | $9.41M 2.54% | 452.06K | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FSOLE | FTSE EMR MKT ETF | 211.58K | SH | $8.84M 2.38% | 211.58K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHRT TRM CORP BD | 102.26K | SH | $7.86M 2.12% | 102.26K | 0.00 | 0.00 |
CVB FINL CORPSOLE | COM | 412.25K | SH | $7.35M 1.98% | 412.25K | 0.00 | 0.00 |
GOLUB CAP BDC INCSOLE | COM | 444.84K | SH | $7.23M 1.95% | 444.84K | 0.00 | 0.00 |
BLUE OWL CAPITAL CORPORATIONSOLE | COM | 444.11K | SH | $6.83M 1.84% | 444.11K | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 12.20K | SH | $6.38M 1.72% | 12.20K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | REAL ESTATE ETF | 69.92K | SH | $6.05M 1.63% | 69.92K | 0.00 | 0.00 |
NEW MTN FIN CORPSOLE | COM | 425.17K | SH | $5.39M 1.45% | 425.17K | 0.00 | 0.00 |
BLACKSTONE SECD LENDING FDSOLE | COMMON STOCK | 153.94K | SH | $4.80M 1.29% | 153.94K | 0.00 | 0.00 |
BLACKROCK TCP CAPITAL CORPSOLE | COM | 366.35K | SH | $3.82M 1.03% | 366.35K | 0.00 | 0.00 |
OAKTREE SPECIALTY LENDING COSOLE | COM | 138.41K | SH | $2.72M 0.73% | 138.41K | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI EMG MKT ETF | 40.40K | SH | $1.66M 0.45% | 40.40K | 0.00 | 0.00 |
STELLUS CAP INVT CORPSOLE | COM | 99.96K | SH | $1.30M 0.35% | 99.96K | 0.00 | 0.00 |
BARINGS BDC INCSOLE | COM | 113.30K | SH | $1.05M 0.28% | 113.30K | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 1.21K | SH | $255.1K 0.07% | 1.21K | 0.00 | 0.00 |
INVESCO EXCH TRADED FD TR IISOLE | SR LN ETF | 5.94K | SH | $124.8K 0.03% | 5.94K | 0.00 | 0.00 |
ISHARES TRSOLE | CORE MSCI EAFE | 1.04K | SH | $76.9K 0.02% | 1.04K | 0.00 | 0.00 |