Cliffwater’s State Street SPDR S&P 500 ETF Trust SPY Stock Holding History

Cliffwater’s Portfolio SPY Stock Details SPY Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$6.99M	Sell	10,752 -1,452	-12%	-$987K	1.85%	9
2025 Q4	$8.32M	Hold	12,204	–	–	1.75%	8
2025 Q3	$8.13M	Hold	12,204	–	–	1.71%	8
2025 Q2	$7.54M	Hold	12,204	–	–	1.55%	11
2025 Q1	$6.83M	Hold	12,204	–	–	1.78%	10
2024 Q4	$7.15M	Hold	12,204	–	–	1.75%	11
2024 Q3	$7M	Hold	12,204	–	–	1.62%	11
2024 Q2	$6.64M	Hold	12,204	–	–	1.42%	13
2024 Q1	$6.38M	Hold	12,204	–	–	1.72%	14
2023 Q4	$5.8M	Hold	12,204	–	–	1.66%	17
2023 Q3	$5.22M	Hold	12,204	–	–	1.71%	17
2023 Q2	$5.41M	Hold	12,204	–	–	1.78%	18
2023 Q1	$5M	Hold	12,204	–	–	1.6%	18
2022 Q4	$4.67M	Hold	12,204	–	–	1.31%	20
2022 Q3	$4.36M	Hold	12,204	–	–	1.47%	19
2022 Q2	$4.6M	Hold	12,204	–	–	1.49%	19
2022 Q1	$5.51M	Hold	12,204	–	–	1.45%	18
2021 Q4	$5.8M	Hold	12,204	–	–	1.51%	19
2021 Q3	$5.24M	Hold	12,204	–	–	1.37%	19
2021 Q2	$5.22M	Hold	12,204	–	–	1.38%	19
2021 Q1	$4.84M	Sell	12,204 -652	-5%	-$251K	1.15%	20
2020 Q4	$4.81M	Sell	12,856 -2,055	-14%	-$729K	1.04%	20
2020 Q3	$4.99M	Hold	14,911	–	–	1.49%	15
2020 Q2	$4.6M	Sell	14,911 -2,102	-12%	-$615K	1.56%	16
2020 Q1	$4.38M	Sell	17,013 -4,221	-20%	-$1.29M	1.94%	13
2019 Q4	$6.83M	Hold	21,234	–	–	2.25%	12
2019 Q3	$6.3M	Hold	21,234	–	–	2.46%	12
2019 Q2	$6.22M	Sell	21,234 -2,699	-11%	-$777K	2.16%	10
2019 Q1	$6.76M	Sell	23,933 -1,960	-8%	-$532K	2%	9
2018 Q4	$6.47M	Hold	25,893	–	–	2.18%	9
2018 Q3	$7.53M	Hold	25,893	–	–	3.04%	6
2018 Q2	$7.02M	Buy	25,893 +99	+0.4%	+$26.7K	6.07%	4
2018 Q1	$6.79M	Buy	25,794 +123	+0.5%	+$33.6K	5.92%	4
2017 Q4	$6.85M	Buy	+25,671	New	+$6.68M	5.93%	4

Other funds holding SPY

JP Morgan Chase New York $1.56T AUM 27.86% 1-Year Est. Return

Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.37T AUM 24.88% 1-Year Est. Return

Jane Street New York $777B AUM 61.18% 1-Year Est. Return

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Susquehanna International Group Bala Cynwyd, Pennsylvania $893B AUM 36.07% 1-Year Est. Return

LPL Financial San Diego, California $377B AUM 19.32% 1-Year Est. Return

Wells Fargo San Francisco, California $530B AUM 22.01% 1-Year Est. Return

Cliffwater's SPY Position: Q1 2026 in Review

Cliffwater reduced its State Street SPDR S&P 500 ETF Trust (SPY) stake by 12% in Q1 2026, selling an estimated $987K and leaving 10,752 shares worth $6.99M. The position accounts for 1.85% of the portfolio, ranked #9.

Cliffwater first reported a position in SPY in Q4 2017 and has held it in 34 quarters since. The position peaked at $8.32M in Q4 2025. 4,553 funds tracked by Wall St. Rank hold SPY as of Q1 2026.

Cliffwater held 10,752 shares of State Street SPDR S&P 500 ETF Trust worth $6.99M as of Q1 2026.
Cliffwater sold 1,452 State Street SPDR S&P 500 ETF Trust shares in Q1 2026, an estimated $987K.
State Street SPDR S&P 500 ETF Trust made up 1.85% of Cliffwater's portfolio in Q1 2026, its #9 holding.
Cliffwater first reported a position in State Street SPDR S&P 500 ETF Trust in Q4 2017 and has held it in 34 quarters since.
Cliffwater's State Street SPDR S&P 500 ETF Trust position peaked at $8.32M in Q4 2025.
4,553 funds tracked by Wall St. Rank held State Street SPDR S&P 500 ETF Trust as of Q1 2026.

Based on Cliffwater's 13F filing for Q1 2026, filed 13 May 2026.