Filed: 2/12/2026ACC: 0001104659-26-014313
📋 What this filing means
CLIFFWATER LLC filed this quarterly 13F‑HR report disclosing 22 equity positions with a total reported market value of $476.39M. This filing provides a transparent view of the manager's long equity holdings as of the quarter end.
22
Positions
$476.39M
Total AUM (reported)
10.25M
Total Shares
Allocation by class
TOTAL STK MKT$115.34M24.2%
COMMON STOCK$85.92M18.0%
MSCI ACWI EX US$70.39M14.8%
VNG RUS3000IDX$61.72M13.0%
VAN FTSE DEV MKT$48.11M10.1%
INTER TERM TREAS$46.27M9.7%
COM$11.42M2.4%
Portfolio Concentration
Top 3$271.65M57.0%
4–10$190.48M40.0%
11–25$14.26M3.0%
Top 3 weight
57.0%
Top 10 weight
97.0%
Voting Authority Distribution
Total shares with voting rights: 10.25M
Sole
Full voting authority
10.25M
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)
Sole22
Shared0
Other0
Dominant voting typeSole · 100.0% of voting shares
Institutional Holdings22
Rows:
VANGUARD INDEX FDS
SOLEShares344.02K
TypeSH
Market value$115.34M
24.21%
Sole
344.02K
Shared
0.00
None
0.00
BLUE OWL TECHNOLOGY FIN CORP
SOLEShares5.91M
TypeSH
Market value$85.92M
18.03%
Sole
5.91M
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.05M
TypeSH
Market value$70.39M
14.78%
Sole
1.05M
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares205.50K
TypeSH
Market value$61.72M
12.96%
Sole
205.50K
Shared
0.00
None
0.00
VANGUARD TAX-MANAGED FDS
SOLEShares770.18K
TypeSH
Market value$48.11M
10.10%
Sole
770.18K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares772.03K
TypeSH
Market value$46.27M
9.71%
Sole
772.03K
Shared
0.00
None
0.00
VANGUARD INTL EQUITY INDEX F
SOLEShares208.32K
TypeSH
Market value$11.20M
2.35%
Sole
208.32K
Shared
0.00
None
0.00
SPDR S&P 500 ETF TR
SOLEShares12.20K
TypeSH
Market value$8.32M
1.75%
Sole
12.20K
Shared
0.00
None
0.00
CVB FINL CORP
SOLEShares412.25K
TypeSH
Market value$7.67M
1.61%
Sole
412.25K
Shared
0.00
None
0.00
VANGUARD SCOTTSDALE FDS
SOLEShares90.21K
TypeSH
Market value$7.19M
1.51%
Sole
90.21K
Shared
0.00
None
0.00
VANGUARD INDEX FDS
SOLEShares69.92K
TypeSH
Market value$6.19M
1.30%
Sole
69.92K
Shared
0.00
None
0.00
CARLYLE SECURED LENDING INC
SOLEShares207.32K
TypeSH
Market value$2.59M
0.54%
Sole
207.32K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares40.40K
TypeSH
Market value$2.21M
0.46%
Sole
40.40K
Shared
0.00
None
0.00
BARINGS BDC INC
SOLEShares126.75K
TypeSH
Market value$1.16M
0.24%
Sole
126.75K
Shared
0.00
None
0.00
CARVANA CO
SOLEShares1.86K
TypeSH
Market value$787.1K
0.17%
Sole
1.86K
Shared
0.00
None
0.00
TOAST INC
SOLEShares9.59K
TypeSH
Market value$340.6K
0.07%
Sole
9.59K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.21K
TypeSH
Market value$298.6K
0.06%
Sole
1.21K
Shared
0.00
None
0.00
RUBRIK INC.
SOLEShares3.18K
TypeSH
Market value$243.5K
0.05%
Sole
3.18K
Shared
0.00
None
0.00
NU HLDGS LTD
SOLEShares9.48K
TypeSH
Market value$158.8K
0.03%
Sole
9.48K
Shared
0.00
None
0.00
INVESCO EXCH TRADED FD TR II
SOLEShares5.90K
TypeSH
Market value$123.9K
0.03%
Sole
5.90K
Shared
0.00
None
0.00
ISHARES TR
SOLEShares1.04K
TypeSH
Market value$92.7K
0.02%
Sole
1.04K
Shared
0.00
None
0.00
OSCAR HEALTH INC
SOLEShares4.43K
TypeSH
Market value$63.7K
0.01%
Sole
4.43K
Shared
0.00
None
0.00
| Issuer | Class | Shares | Type | Value / Portfolio % | Voting — Sole | Shared | None |
|---|---|---|---|---|---|---|---|
VANGUARD INDEX FDSSOLE | TOTAL STK MKT | 344.02K | SH | $115.34M 24.21% | 344.02K | 0.00 | 0.00 |
BLUE OWL TECHNOLOGY FIN CORPSOLE | COMMON STOCK | 5.91M | SH | $85.92M 18.03% | 5.91M | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI ACWI EX US | 1.05M | SH | $70.39M 14.78% | 1.05M | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | VNG RUS3000IDX | 205.50K | SH | $61.72M 12.96% | 205.50K | 0.00 | 0.00 |
VANGUARD TAX-MANAGED FDSSOLE | VAN FTSE DEV MKT | 770.18K | SH | $48.11M 10.10% | 770.18K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | INTER TERM TREAS | 772.03K | SH | $46.27M 9.71% | 772.03K | 0.00 | 0.00 |
VANGUARD INTL EQUITY INDEX FSOLE | FTSE EMR MKT ETF | 208.32K | SH | $11.20M 2.35% | 208.32K | 0.00 | 0.00 |
SPDR S&P 500 ETF TRSOLE | TR UNIT | 12.20K | SH | $8.32M 1.75% | 12.20K | 0.00 | 0.00 |
CVB FINL CORPSOLE | COM | 412.25K | SH | $7.67M 1.61% | 412.25K | 0.00 | 0.00 |
VANGUARD SCOTTSDALE FDSSOLE | SHRT TRM CORP BD | 90.21K | SH | $7.19M 1.51% | 90.21K | 0.00 | 0.00 |
VANGUARD INDEX FDSSOLE | REAL ESTATE ETF | 69.92K | SH | $6.19M 1.30% | 69.92K | 0.00 | 0.00 |
CARLYLE SECURED LENDING INCSOLE | COM | 207.32K | SH | $2.59M 0.54% | 207.32K | 0.00 | 0.00 |
ISHARES TRSOLE | MSCI EMG MKT ETF | 40.40K | SH | $2.21M 0.46% | 40.40K | 0.00 | 0.00 |
BARINGS BDC INCSOLE | COM | 126.75K | SH | $1.16M 0.24% | 126.75K | 0.00 | 0.00 |
CARVANA COSOLE | CL A | 1.86K | SH | $787.1K 0.17% | 1.86K | 0.00 | 0.00 |
TOAST INCSOLE | CL A | 9.59K | SH | $340.6K 0.07% | 9.59K | 0.00 | 0.00 |
ISHARES TRSOLE | RUSSELL 2000 ETF | 1.21K | SH | $298.6K 0.06% | 1.21K | 0.00 | 0.00 |
RUBRIK INC.SOLE | CL A | 3.18K | SH | $243.5K 0.05% | 3.18K | 0.00 | 0.00 |
NU HLDGS LTDSOLE | ORD SHS CL A | 9.48K | SH | $158.8K 0.03% | 9.48K | 0.00 | 0.00 |
INVESCO EXCH TRADED FD TR IISOLE | SR LN ETF | 5.90K | SH | $123.9K 0.03% | 5.90K | 0.00 | 0.00 |
ISHARES TRSOLE | CORE MSCI EAFE | 1.04K | SH | $92.7K 0.02% | 1.04K | 0.00 | 0.00 |
OSCAR HEALTH INCSOLE | CL A | 4.43K | SH | $63.7K 0.01% | 4.43K | 0.00 | 0.00 |