We are live on ! Find out more
C

Cliffwater Portfolio holdings

AUM $402M
1-Year Est. Return 7.57%
This Fund
S&P 500
This Quarter Est. Return
-14.28%
1 Year Est. Return
+7.57%
3 Year Est. Return
+29.41%
5 Year Est. Return
+20.56%
10 Year Est. Return
–
AUM
$310M
AUM Growth
-$71.6M
Cap. Flow
-$16.7M
Cap. Flow %
-5.4%
Top 10 Hldgs %
73.88%
Holding
25
New
–
Increased
16
Reduced
3
Closed
–

Top Buys

Rank Stock Value
1
CVBF icon
CVB Financial
CVBF
+$4.81M
2
BXSL icon
Blackstone Secured Lending
BXSL
+$1.94M
3
BBDC icon
Barings BDC
BBDC
+$1.58M
4
ARCC icon
Ares Capital
ARCC
+$1.53M
5
TSLX icon
Sixth Street Specialty
TSLX
+$978K

Top Sells

Rank Stock Value
1
VEA icon
Vanguard FTSE Developed Markets ETF
VEA
+$33.1M
2
VTI icon
Vanguard Morningstar Total Stock Market ETF
VTI
+$918K
3
VWO icon
Vanguard FTSE Emerging Markets ETF
VWO
+$10.4K

Sector Composition

Rank Sector Weight
1 Financials 49.87%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VTI icon
1
Vanguard Morningstar Total Stock Market ETF
VTI
$695B
$75.5M 24.38%
400,158
-4,468
-1% -$918K
VEA icon
2
Vanguard FTSE Developed Markets ETF
VEA
$239B
$32.7M 10.56%
801,173
-744,324
-48% -$33.1M
VTHR icon
3
Vanguard Russell 3000 ETF
VTHR
$4.88B
$16.7M 5.4%
99,030
+1,014
+1% +$187K
ARCC icon
4
Ares Capital
ARCC
$14.3B
$15.4M 4.98%
859,929
+77,688
+10% +$1.53M
OBDC icon
5
Blue Owl Capital
OBDC
$5.81B
$15.2M 4.92%
1,236,351
+68,078
+6% +$933K
TCPC icon
6
BlackRock TCP Capital
TCPC
$343M
$15.1M 4.88%
1,205,186
+53,842
+5% +$723K
NMFC icon
7
New Mountain Finance
NMFC
$730M
$15.1M 4.87%
1,266,047
+61,226
+5% +$788K
BBDC icon
8
Barings BDC
BBDC
$976M
$14.6M 4.72%
1,569,316
+155,423
+11% +$1.58M
GBDC icon
9
Golub Capital BDC
GBDC
$3.46B
$14.4M 4.67%
1,114,677
+47,968
+4% +$687K
TSLX icon
10
Sixth Street Specialty
TSLX
$1.79B
$14M 4.51%
754,717
+46,225
+7% +$978K
CVBF icon
11
CVB Financial
CVBF
$4.1B
$10.5M 3.38%
422,235
+201,356
+91% +$4.81M
VCSH icon
12
Vanguard Short-Term Corporate Bond ETF
VCSH
$45B
$8.86M 2.86%
116,204
– –
OCSL icon
13
Oaktree Specialty Lending
OCSL
$1.15B
$8.84M 2.85%
449,615
+42,966
+11% +$905K
VWO icon
14
Vanguard FTSE Emerging Markets ETF
VWO
$125B
$8.53M 2.75%
204,813
-242
-0.1% -$10.4K
GSBD icon
15
Goldman Sachs BDC
GSBD
$1.11B
$8.26M 2.67%
491,743
+35,524
+8% +$656K
BXSL icon
16
Blackstone Secured Lending
BXSL
$5.77B
$7.24M 2.34%
306,399
+74,803
+32% +$1.94M
VNQ icon
17
Vanguard Real Estate ETF
VNQ
$39.2B
$6.36M 2.05%
69,800
– –
SLRC icon
18
SLR Investment Corp
SLRC
$706M
$5.74M 1.85%
392,582
+27,354
+7% +$440K
SPY icon
19
State Street SPDR S&P 500 ETF Trust
SPY
$813B
$4.6M 1.49%
12,204
– –
CCAP icon
20
Crescent Capital BDC
CCAP
$413M
$4.28M 1.38%
275,799
+42,191
+18% +$723K
MRCC
21
DELISTED
Monroe Capital Corp
MRCC
$3.02M 0.97%
334,109
+6,793
+2% +$68K
SCM icon
22
Stellus Capital Investment Corp
SCM
$248M
$2.71M 0.87%
245,360
+25,972
+12% +$335K
EEM icon
23
iShares MSCI Emerging Markets ETF
EEM
$30.5B
$1.62M 0.52%
40,400
– –
IWM icon
24
iShares Russell 2000 ETF
IWM
$82.8B
$293K 0.09%
1,729
– –
IEFA icon
25
iShares Core MSCI EAFE ETF
IEFA
$196B
$61K 0.02%
1,036
– –

Similar funds

BLC
Brown, Lisle/Cummings Providence, Rhode Island $400M AUM 18.79% 1-Year Est. Return
NFG
Northeast Financial Group Tannersville, Pennsylvania $404M AUM 12.61% 1-Year Est. Return
EPAM
Evelyn Partners Asset Management London $406M AUM 19.36% 1-Year Est. Return
GIPM
G2 Investment Partners Management New York $406M AUM 164.47% 1-Year Est. Return
PCP
Perbak Capital Partners London, United Kingdom $406M AUM 17.25% 1-Year Est. Return
EH
EMG Holdings Old Greenwich, Connecticut $397M AUM 9.97% 1-Year Est. Return
IVLAV
Index Venture Life Associates VI St. Helier, Jersey $396M AUM 176.22% 1-Year Est. Return
LPC
Lineage Point Capital Palm Beach, Florida $409M AUM

Cliffwater's Q2 2022 Portfolio in Review

As of Q2 2022, Cliffwater held 25 positions worth $310M, down 19% from $381M the previous quarter. Its ten largest holdings account for 74% of the portfolio.

Cliffwater withdrew a net $16.7M in Q2 2022, reducing 3 holdings. Its largest reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $33.1M.

By sector, the portfolio is most concentrated in Financials at 50% of assets, up from 42% a quarter earlier.

Against the trend, Cliffwater added an estimated $4.81M to CVB Financial.

  • Cliffwater added most to CVB Financial in Q2 2022, an estimated $4.81M increase.
  • Cliffwater's biggest Q2 2022 reduction was Vanguard FTSE Developed Markets ETF, cutting an estimated $33.1M.
  • Cliffwater's ten largest holdings make up 74% of its $310M portfolio in Q2 2022.
  • Cliffwater opened 0 new positions and closed 0 in Q2 2022.
  • Cliffwater's portfolio value fell 19% quarter-over-quarter to $310M.

Based on Cliffwater's 13F filing for Q2 2022, filed 12 Aug 2022.