We are live on
!
Find out more
C
Cliffwater Portfolio holdings
AUM
$377M
1-Year Est. Return
5.73%
This Fund
S&P 500
This Quarter
Est. Return
+5.28%
1 Year Est. Return
+5.73%
3 Year Est. Return
+28.54%
5 Year Est. Return
+19.31%
10 Year Est. Return
–
AUM
$380M
AUM Growth
-$40.3M
(-9.6%)
Cap. Flow
-$61.5M
Cap. Flow
% of AUM
-16.2%
Top 10 Holdings %
Top 10 Hldgs %
79.04%
Holding
24
New
–
Increased
5
Reduced
17
Closed
–
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
CVB Financial
CVBF
|
+$4.13M |
| 2 |
Vanguard Total Stock Market ETF
VTI
|
+$2.46M |
| 3 |
iShares MSCI Emerging Markets ETF
EEM
|
+$799K |
| 4 |
Vanguard Real Estate ETF
VNQ
|
+$525K |
| 5 |
iShares Core MSCI EAFE ETF
IEFA
|
+$2.42K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vanguard FTSE Developed Markets ETF
VEA
|
+$11.4M |
| 2 |
New Mountain Finance
NMFC
|
+$8.17M |
| 3 |
BlackRock TCP Capital
TCPC
|
+$7.28M |
| 4 |
Golub Capital BDC
GBDC
|
+$6.82M |
| 5 |
Ares Capital
ARCC
|
+$6.76M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 38.16% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Vanguard Total Stock Market ETF
VTI
$658B
| $93.5M | 24.62% |
419,423
+11,348
| +3% | +$2.46M |
|
|
2
Vanguard FTSE Developed Markets ETF
VEA
$226B
| $83.4M | 21.96% |
1,618,088
-221,532
| -12% | -$11.4M |
|
3
Vanguard Russell 3000 ETF
VTHR
$4.66B
| $18.2M | 4.81% |
90,123
-7,595
| -8% | -$1.47M |
|
|
4
New Mountain Finance
NMFC
$672M
| $15.5M | 4.09% |
1,179,353
-625,842
| -35% | -$8.17M |
|
5
Sixth Street Specialty
TSLX
$1.66B
| $15.3M | 4.02% |
688,116
-241,400
| -26% | -$5.34M |
|
|
6
Ares Capital
ARCC
$13.8B
| $15.1M | 3.97% |
769,325
-349,287
| -31% | -$6.76M |
|
7
Blue Owl Capital
OBDC
$5.45B
| $15M | 3.96% |
1,053,384
-414,370
| -28% | -$5.95M |
|
|
8
BlackRock TCP Capital
TCPC
$278M
| $14.9M | 3.92% |
1,077,847
-503,446
| -32% | -$7.28M |
|
|
9
Golub Capital BDC
GBDC
$3.4B
| $14.9M | 3.92% |
965,692
-439,274
| -31% | -$6.82M |
|
10
Vanguard Short-Term Corporate Bond ETF
VCSH
$44.8B
| $14.2M | 3.75% |
172,207
-21,087
| -11% | -$1.74M |
|
11
Barings BDC
BBDC
$890M
| $11.8M | 3.1% |
1,114,237
-165,727
| -13% | -$1.73M |
|
12
Vanguard FTSE Emerging Markets ETF
VWO
$119B
| $11.4M | 3% |
209,713
-2,277
| -1% | -$121K |
|
|
13
CVB Financial
CVBF
$4.03B
| $10.1M | 2.67% |
492,540
+189,287
| +62% | +$4.13M |
|
|
14
Vanguard Real Estate ETF
VNQ
$39.6B
| $6.57M | 1.73% |
64,516
+5,292
| +9% | +$525K |
|
15
Goldman Sachs BDC
GSBD
$994M
| $6.53M | 1.72% |
333,136
-136,582
| -29% | -$2.7M |
|
16
Oaktree Specialty Lending
OCSL
$1.07B
| $6.37M | 1.68% |
317,410
-116,876
| -27% | -$2.34M |
|
17
SLR Investment Corp
SLRC
$716M
| $6.36M | 1.67% |
340,925
-105,356
| -24% | -$1.98M |
|
|
MRCC
18
DELISTED
Monroe Capital Corp
MRCC
| $5.61M | 1.48% |
522,362
-150,212
| -22% | -$1.63M |
|
19
State Street SPDR S&P 500 ETF Trust
SPY
$774B
| $5.22M | 1.38% |
12,204
| – | – |
|
20
Crescent Capital BDC
CCAP
$407M
| $4.33M | 1.14% |
230,960
-197,589
| -46% | -$3.66M |
|
21
Stellus Capital Investment Corp
SCM
$220M
| $3.04M | 0.8% |
234,945
-22,435
| -9% | -$296K |
|
|
22
iShares MSCI Emerging Markets ETF
EEM
$28B
| $1.78M | 0.47% |
32,311
+14,705
| +84% | +$799K |
|
23
iShares Russell 2000 ETF
IWM
$82.2B
| $397K | 0.1% |
1,729
| – | – |
|
|
24
iShares Core MSCI EAFE ETF
IEFA
$186B
| $78K | 0.02% |
1,036
+32
| +3% | +$2.42K |
|
Similar funds
FP
WAM
EFP
DAL
AFCM
ACA
GVCM
IFS
Cliffwater's Q2 2021 Portfolio in Review
As of Q2 2021, Cliffwater held 24 positions worth $380M, down 9.6% from $420M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Cliffwater withdrew a net $61.5M in Q2 2021, reducing 17 holdings. Its largest reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $11.4M.
By sector, the portfolio is most concentrated in Financials at 38% of assets, down from 45% a quarter earlier.
Against the trend, Cliffwater added an estimated $4.13M to CVB Financial.
- Cliffwater added most to CVB Financial in Q2 2021, an estimated $4.13M increase.
- Cliffwater's biggest Q2 2021 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $11.4M.
- Cliffwater's ten largest holdings make up 79% of its $380M portfolio in Q2 2021.
- Cliffwater opened 0 new positions and closed 0 in Q2 2021.
- Cliffwater's portfolio value fell 9.6% quarter-over-quarter to $380M.
Based on Cliffwater's 13F filing for Q2 2021, filed 13 Aug 2021.