C
Cliffwater Portfolio holdings
AUM
$402M
Turnover
9.09%
1-Year Est. Return
7.57%
This Fund
S&P 500
This Quarter
Est. Return
+1.69%
1 Year Est. Return
+7.57%
3 Year Est. Return
+29.41%
5 Year Est. Return
+20.56%
10 Year Est. Return
–
AUM
$115M
AUM Growth
–
Cap. Flow
+$101M
Cap. Flow
% of AUM
87.56%
Top 10 Holdings %
Top 10 Hldgs %
86.76%
Holding
19
New
19
Increased
–
Reduced
–
Closed
–
Avg Time Held
0
years
Top 10 Avg Time Held
0
years
Top 20 Avg Time Held
0
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$26.5M |
| 2 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$17.6M |
| 3 |
Vanguard Short-Term Corporate Bond ETF
VCSH
|
+$9.77M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$6.68M |
| 5 |
Ares Capital
ARCC
|
+$4.52M |
Top Sells
No sells this quarter
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Miscellaneous | 75.36% |
| 2 | Financials | 24.64% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Vanguard FTSE Developed Markets ETF
VEA
$227B
| $31.6M | 27.36% |
+398,269
| New | +$17.6M |
2017 Q4
0 quarters
|
|
|
2
Vanguard Morningstar Total Stock Market ETF
VTI
$694B
| $27.2M | 23.58% |
+198,300
| New | +$26.5M |
2017 Q4
0 quarters
|
|
|
3
Vanguard Short-Term Corporate Bond ETF
VCSH
$43.9B
| $9.71M | 8.41% |
+122,500
| New | +$9.77M |
2017 Q4
0 quarters
|
|
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $6.85M | 5.93% |
+25,671
| New | +$6.68M |
2017 Q4
0 quarters
|
|
|
5
Ares Capital
ARCC
$13.3B
| $4.38M | 3.79% |
+278,638
| New | +$4.52M |
2017 Q4
0 quarters
|
|
6
Sixth Street Specialty
TSLX
$1.64B
| $4.21M | 3.65% |
+212,897
| New | +$4.37M |
2017 Q4
0 quarters
|
|
7
BlackRock TCP Capital
TCPC
$342M
| $4.2M | 3.63% |
+274,630
| New | +$4.39M |
2017 Q4
0 quarters
|
|
8
New Mountain Finance
NMFC
$624M
| $4.04M | 3.5% |
+298,079
| New | +$4.2M |
2017 Q4
0 quarters
|
|
9
Golub Capital BDC
GBDC
$3.13B
| $4M | 3.47% |
+224,369
| New | +$4.15M |
2017 Q4
0 quarters
|
|
10
iShares Russell 2000 ETF
IWM
$76.4B
| $3.97M | 3.44% |
+26,012
| New | +$3.91M |
2017 Q4
0 quarters
|
|
11
iShares MSCI Emerging Markets ETF
EEM
$29.8B
| $3.79M | 3.28% |
+80,460
| New | +$3.72M |
2017 Q4
0 quarters
|
|
12
Vanguard Real Estate ETF
VNQ
$36.2B
| $2.53M | 2.19% |
+30,471
| New | +$2.55M |
2017 Q4
0 quarters
|
|
13
SLR Investment Corp
SLRC
$616M
| $1.73M | 1.5% |
+85,808
| New | +$1.83M |
2017 Q4
0 quarters
|
|
14
DELISTED
Monroe Capital Corp
MRCC
| $1.7M | 1.47% |
+123,538
| New | +$1.77M |
2017 Q4
0 quarters
|
|
15
Goldman Sachs BDC
GSBD
$973M
| $1.68M | 1.45% |
+75,646
| New | +$1.68M |
2017 Q4
0 quarters
|
|
|
FCRD
16
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
| $1.67M | 1.44% |
+184,220
| New | +$1.71M |
2017 Q4
0 quarters
|
|
17
Vanguard FTSE Emerging Markets ETF
VWO
$124B
| $1.28M | 1.11% |
+16,171
| New | +$723K |
2017 Q4
0 quarters
|
|
18
FS KKR Capital
FSK
$2.91B
| $835K | 0.72% |
+28,399
| New | +$913K |
2017 Q4
0 quarters
|
|
19
iShares Core MSCI EAFE ETF
IEFA
$189B
| $66K | 0.06% |
+1,006
| New | +$65.6K |
2017 Q4
0 quarters
|
|
Similar funds
GMF
SWM
HWMO
ACM
GAM
WG
PFS
RAM
Cliffwater's Q4 2017 Portfolio in Review
Q4 2017 is the first quarter with a 13F filing on record for Cliffwater, which disclosed 19 positions worth $115M. Its ten largest holdings account for 87% of the portfolio.
Its largest position is Vanguard Morningstar Total Stock Market ETF: 198,300 shares worth $27.2M.
By sector, the portfolio is most concentrated in Miscellaneous at 75% of assets, followed by Financials.
- Cliffwater's largest Q4 2017 buy was Vanguard Morningstar Total Stock Market ETF: 198,300 shares worth $27.2M.
- Cliffwater's ten largest holdings make up 87% of its $115M portfolio in Q4 2017.
- Cliffwater disclosed 19 positions in Q4 2017, its first 13F filing on record.
Based on Cliffwater's 13F filing for Q4 2017, filed 20 Jul 2018.