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C
Cliffwater Portfolio holdings
AUM
$402M
1-Year Est. Return
7.57%
This Fund
S&P 500
This Quarter
Est. Return
+0.85%
1 Year Est. Return
+7.57%
3 Year Est. Return
+29.41%
5 Year Est. Return
+20.56%
10 Year Est. Return
–
AUM
$116M
AUM Growth
+$1.01M
(+0.88%)
Cap. Flow
+$218K
Cap. Flow
% of AUM
0.19%
Top 10 Holdings %
Top 10 Hldgs %
87.4%
Holding
19
New
–
Increased
13
Reduced
2
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$835K |
| 2 |
FCRD
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
|
+$141K |
| 3 |
Sixth Street Specialty
TSLX
|
+$120K |
| 4 |
Golub Capital BDC
GBDC
|
+$94.1K |
| 5 |
Ares Capital
ARCC
|
+$65.4K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard Morningstar Total Stock Market ETF
VTI
|
+$1.22M |
| 2 |
Vanguard Real Estate ETF
VNQ
|
+$111K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 24.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard FTSE Developed Markets ETF
VEA
$239B
| $31.7M | 27.4% |
738,646
+18,720
| +3% | +$835K |
|
|
2
Vanguard Morningstar Total Stock Market ETF
VTI
$695B
| $27.4M | 23.65% |
194,760
-8,747
| -4% | -$1.22M |
|
3
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
| $9.29M | 8.03% |
118,894
+140
| +0.1% | +$10.9K |
|
4
State Street SPDR S&P 500 ETF Trust
SPY
$813B
| $7.02M | 6.07% |
25,893
+99
| +0.4% | +$26.7K |
|
|
5
Ares Capital
ARCC
$14.3B
| $4.73M | 4.09% |
287,761
+3,978
| +1% | +$65.4K |
|
6
iShares Russell 2000 ETF
IWM
$82.8B
| $4.28M | 3.7% |
26,110
| – | – |
|
|
7
Golub Capital BDC
GBDC
$3.46B
| $4.28M | 3.7% |
238,490
+5,264
| +2% | +$94.1K |
|
8
BlackRock TCP Capital
TCPC
$343M
| $4.17M | 3.6% |
288,395
+3,790
| +1% | +$55K |
|
9
New Mountain Finance
NMFC
$730M
| $4.15M | 3.59% |
305,398
+4,626
| +2% | +$62.8K |
|
|
10
Sixth Street Specialty
TSLX
$1.79B
| $4.12M | 3.56% |
229,730
+6,574
| +3% | +$120K |
|
11
iShares MSCI Emerging Markets ETF
EEM
$30.5B
| $3.54M | 3.06% |
81,663
| – | – |
|
|
12
Vanguard Real Estate ETF
VNQ
$39.2B
| $2.54M | 2.19% |
31,151
-1,434
| -4% | -$111K |
|
13
SLR Investment Corp
SLRC
$706M
| $1.81M | 1.57% |
88,742
+1,044
| +1% | +$21.9K |
|
|
MRCC
14
DELISTED
Monroe Capital Corp
MRCC
| $1.72M | 1.49% |
127,655
+2,797
| +2% | +$37.3K |
|
15
Goldman Sachs BDC
GSBD
$1.11B
| $1.66M | 1.44% |
81,175
+1,701
| +2% | +$34.2K |
|
16
Vanguard FTSE Emerging Markets ETF
VWO
$125B
| $1.54M | 1.33% |
36,495
+1,010
| +3% | +$45.6K |
|
|
FCRD
17
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
| $1.14M | 0.98% |
145,424
+17,846
| +14% | +$141K |
|
18
FS KKR Capital
FSK
$3.43B
| $564K | 0.49% |
19,181
| – | – |
|
19
iShares Core MSCI EAFE ETF
IEFA
$196B
| $64K | 0.06% |
1,017
| – | – |
|
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Cliffwater's Q2 2018 Portfolio in Review
As of Q2 2018, Cliffwater held 19 positions worth $116M, up 0.88% from $115M the previous quarter. Its ten largest holdings account for 87% of the portfolio.
Trading was light in Q2 2018: portfolio turnover was 0%. Cliffwater opened no new positions and made no exits, leaving the 19-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 25% of assets, up from 24% a quarter earlier.
- Cliffwater added most to Vanguard FTSE Developed Markets ETF in Q2 2018, an estimated $835K increase.
- Cliffwater's biggest Q2 2018 reduction was Vanguard Morningstar Total Stock Market ETF, cutting an estimated $1.22M.
- Cliffwater's ten largest holdings make up 87% of its $116M portfolio in Q2 2018.
- Cliffwater opened 0 new positions and closed 0 in Q2 2018.
- Cliffwater's portfolio value rose 0.88% quarter-over-quarter to $116M.
Based on Cliffwater's 13F filing for Q2 2018, filed 6 Aug 2018.