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Cliffwater Portfolio holdings

AUM $377M
1-Year Est. Return 5.73%
This Fund
S&P 500
This Quarter Est. Return
+5.67%
1 Year Est. Return
+5.73%
3 Year Est. Return
+28.54%
5 Year Est. Return
+19.31%
10 Year Est. Return
–
AUM
$305M
AUM Growth
-$7.94M
Cap. Flow
-$23.2M
Cap. Flow %
-7.63%
Top 10 Hldgs %
79.45%
Holding
26
New
–
Increased
5
Reduced
13
Closed
–

Top Buys

Rank Stock Value
1
VCSH icon
Vanguard Short-Term Corporate Bond ETF
VCSH
+$326K
2
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$151K
3
SLRC icon
SLR Investment Corp
SLRC
+$48.9K
4
VNQ icon
Vanguard Real Estate ETF
VNQ
+$10.1K
5
GSBD icon
Goldman Sachs BDC
GSBD
+$733

Top Sells

Rank Stock Value
1
BBDC icon
Barings BDC
BBDC
+$2.65M
2
OBDC icon
Blue Owl Capital
OBDC
+$2.58M
3
NMFC icon
New Mountain Finance
NMFC
+$2.57M
4
GBDC icon
Golub Capital BDC
GBDC
+$2.56M
5
TSLX icon
Sixth Street Specialty
TSLX
+$2.53M

Sector Composition

Rank Sector Weight
1 Financials 33.82%
2 Real Estate 10.21%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
IEFA icon
26
iShares Core MSCI EAFE ETF
IEFA
$186B
$69.9K 0.02%
1,036
– –
1
2

Similar funds

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EFP
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DAL
Delta Air Lines Atlanta, Georgia $378M AUM 12.68% 1-Year Est. Return
AFCM
Alta Fox Capital Management Fort Worth, Texas $378M AUM 59.19% 1-Year Est. Return
ACA
Anchorage Capital Advisors New York $378M AUM 13.47% 1-Year Est. Return
GVCM
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IFS
Ifrah Financial Services Little Rock, Arkansas $378M AUM 17.57% 1-Year Est. Return

Cliffwater's Q2 2023 Portfolio in Review

As of Q2 2023, Cliffwater held 26 positions worth $305M, down 2.5% from $313M the previous quarter. Its ten largest holdings account for 79% of the portfolio.

Cliffwater withdrew a net $23.2M in Q2 2023, reducing 13 holdings. Its largest reduction was Barings BDC, cutting an estimated $2.65M.

By sector, the portfolio is most concentrated in Financials at 34% of assets, down from 40% a quarter earlier, followed by Real Estate.

Against the trend, Cliffwater added an estimated $326K to Vanguard Short-Term Corporate Bond ETF.

  • Cliffwater added most to Vanguard Short-Term Corporate Bond ETF in Q2 2023, an estimated $326K increase.
  • Cliffwater's biggest Q2 2023 reduction was Barings BDC, cutting an estimated $2.65M.
  • Cliffwater's ten largest holdings make up 79% of its $305M portfolio in Q2 2023.
  • Cliffwater opened 0 new positions and closed 0 in Q2 2023.
  • Cliffwater's portfolio value fell 2.5% quarter-over-quarter to $305M.

Based on Cliffwater's 13F filing for Q2 2023, filed 14 Aug 2023.