C

Cliffwater Portfolio holdings

AUM $402M Turnover 9.09%
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
Cap. Flow
+$218K
Cap. Flow %
0.19%
Top 10 Hldgs %
87.4%
Holding
19
New
–
Increased
13
Reduced
2
Closed
–
Avg Time Held
0.5 years
Top 10 Avg Time Held
0.5 years
Top 20 Avg Time Held
0.5 years

Top Buys

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$835K
2
FCRD
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
+$141K
3
TSLX icon
Sixth Street Specialty
TSLX
+$120K
4
GBDC icon
Golub Capital BDC
GBDC
+$94.1K
5
ARCC icon
Ares Capital
ARCC
+$65.4K

Top Sells

Rank Stock Value
1
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$1.22M
2
VNQ icon
Vanguard Real Estate ETF
VNQ
+$111K

Sector Composition

Rank Sector Weight
1 Miscellaneous 75.49%
2 Financials 24.51%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow Held Since
VEA icon
1
Vanguard FTSE Developed Markets ETF
VEA
$227B
$31.7M 27.4%
738,646
+18,720
+3% +$835K
2017 Q4
2 quarters
VTI icon
2
Vanguard Morningstar Total Stock Market ETF
VTI
$694B
$27.4M 23.65%
194,760
-8,747
-4% -$1.22M
2017 Q4
2 quarters
VCSH icon
3
Vanguard Short-Term Corporate Bond ETF
VCSH
$43.9B
$9.29M 8.03%
118,894
+140
+0.1% +$10.9K
2017 Q4
2 quarters
SPY icon
4
State Street SPDR S&P 500 ETF Trust
SPY
$813B
$7.02M 6.07%
25,893
+99
+0.4% +$26.7K
2017 Q4
2 quarters
ARCC icon
5
Ares Capital
ARCC
$13.3B
$4.73M 4.09%
287,761
+3,978
+1% +$65.4K
2017 Q4
2 quarters
IWM icon
6
iShares Russell 2000 ETF
IWM
$76.4B
$4.28M 3.7%
26,110
– –
2017 Q4
2 quarters
GBDC icon
7
Golub Capital BDC
GBDC
$3.13B
$4.28M 3.7%
238,490
+5,264
+2% +$94.1K
2017 Q4
2 quarters
TCPC icon
8
BlackRock TCP Capital
TCPC
$342M
$4.17M 3.6%
288,395
+3,790
+1% +$55K
2017 Q4
2 quarters
NMFC icon
9
New Mountain Finance
NMFC
$624M
$4.15M 3.59%
305,398
+4,626
+2% +$62.8K
2017 Q4
2 quarters
TSLX icon
10
Sixth Street Specialty
TSLX
$1.64B
$4.12M 3.56%
229,730
+6,574
+3% +$120K
2017 Q4
2 quarters
EEM icon
11
iShares MSCI Emerging Markets ETF
EEM
$29.8B
$3.54M 3.06%
81,663
– –
2017 Q4
2 quarters
VNQ icon
12
Vanguard Real Estate ETF
VNQ
$36.2B
$2.54M 2.19%
31,151
-1,434
-4% -$111K
2017 Q4
2 quarters
SLRC icon
13
SLR Investment Corp
SLRC
$616M
$1.81M 1.57%
88,742
+1,044
+1% +$21.9K
2017 Q4
2 quarters
MRCC icon
14
DELISTED
Monroe Capital Corp
MRCC
$1.72M 1.49%
127,655
+2,797
+2% +$37.3K
2017 Q4
2 quarters
GSBD icon
15
Goldman Sachs BDC
GSBD
$973M
$1.66M 1.44%
81,175
+1,701
+2% +$34.2K
2017 Q4
2 quarters
VWO icon
16
Vanguard FTSE Emerging Markets ETF
VWO
$124B
$1.54M 1.33%
36,495
+1,010
+3% +$45.6K
2017 Q4
2 quarters
FCRD
17
DELISTED
First Eagle Alternative Capital BDC, Inc. Common Stock
FCRD
$1.14M 0.98%
145,424
+17,846
+14% +$141K
2017 Q4
2 quarters
FSK icon
18
FS KKR Capital
FSK
$2.91B
$564K 0.49%
19,181
– –
2017 Q4
2 quarters
IEFA icon
19
iShares Core MSCI EAFE ETF
IEFA
$189B
$64K 0.06%
1,017
– –
2017 Q4
2 quarters

Similar funds

GMF
Grace & Mercy Foundation New York $402M AUM 6.97% 1-Year Est. Return
SWM
Sterling Wealth Management Champaign, Illinois $402M AUM 20.65% 1-Year Est. Return
HWMO
Heritage Wealth Management (Ohio) Cincinnati, Ohio $401M AUM 32.53% 1-Year Est. Return
ACM
Absolute Capital Management Pittsburgh, Pennsylvania $401M AUM 36.5% 1-Year Est. Return
GAM
Grandview Asset Management Harrisburg, Pennsylvania $403M AUM 38.49% 1-Year Est. Return
WG
Wealth Group Raleigh, North Carolina $401M AUM
PFS
Physicians Financial Services Raleigh, North Carolina $401M AUM 34.09% 1-Year Est. Return
RAM
Redmond Asset Management Henrico, Virginia $401M AUM 14.95% 1-Year Est. Return

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 Miscellaneous at 75% of assets, down from 76% a quarter earlier, followed by Financials.

  • 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.