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Cliffwater’s Morgan Stanley Direct Lending Fund MSDL Stock Holding History

Cliffwater’s Portfolio MSDL Stock Details MSDL Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q2 		– Sell
-242,195
Closed -$4.83M – 25
2025
Q1 		$4.83M Sell
242,195
-1,203,819
-83% -$24.9M 1.26% 12
2024
Q4 		$29.9M Sell
1,446,014
-678,014
-32% -$13.9M 7.31% 6
2024
Q3 		$42M Sell
2,124,028
-58,562
-3% -$1.21M 9.72% 5
2024
Q2 		$47.7M Hold
2,182,590
– – 10.2% 4
2024
Q1 		$47M Buy
+2,182,590
New +$45.1M 12.68% 2

Other funds holding MSDL

Morgan Stanley
Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return
GAM
Generali Asset Management Trieste, Italy $5.53B AUM 35.1% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return
MC
Muzinich & Co New York $293M AUM 18.57% 1-Year Est. Return
AP
Americana Partners Houston, Texas $4.44B AUM 29.45% 1-Year Est. Return
Sumitomo Mitsui Trust Group
Sumitomo Mitsui Trust Group Minato-Ku, Tokyo, Japan $175B AUM 40.63% 1-Year Est. Return
Millennium Management
Millennium Management New York $276B AUM 44.8% 1-Year Est. Return
Franklin Resources
Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return
Wells Fargo
Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

Cliffwater's MSDL Position: Q2 2025 in Review

Cliffwater sold out of Morgan Stanley Direct Lending Fund (MSDL) in Q2 2025, closing a stake of 242,195 shares — an estimated $4.83M sold.

Cliffwater first reported a position in MSDL in Q1 2024 and held it in 5 quarters. The position peaked at $47.7M in Q2 2024. 110 funds tracked by Wall St. Rank hold MSDL as of Q2 2025.

  • Cliffwater reported no remaining Morgan Stanley Direct Lending Fund position as of Q2 2025 after selling out during the quarter.
  • Cliffwater sold 242,195 Morgan Stanley Direct Lending Fund shares in Q2 2025, an estimated $4.83M.
  • Cliffwater first reported a position in Morgan Stanley Direct Lending Fund in Q1 2024 and held it in 5 quarters.
  • Cliffwater's Morgan Stanley Direct Lending Fund position peaked at $47.7M in Q2 2024.
  • 110 funds tracked by Wall St. Rank held Morgan Stanley Direct Lending Fund as of Q2 2025.

Based on Cliffwater's 13F filing for Q2 2025, filed 13 Aug 2025.