C

Cliffwater Portfolio holdings

AUM $486M
This Quarter Return
+3.9%
1 Year Return
+6.76%
3 Year Return
+29.72%
5 Year Return
+51.13%
10 Year Return
–
AUM
$486M
AUM Growth
+$486M
Cap. Flow
+$77.7M
Cap. Flow %
15.98%
Top 10 Hldgs %
94.6%
Holding
27
New
4
Increased
1
Reduced
8
Closed
3

Top Buys

1
OTF
Blue Owl Technology Finance Corp.
OTF
$102M
2
CGBD icon
Carlyle Secured Lending
CGBD
$7.51M
3
CVNA icon
Carvana
CVNA
$628K
4
PAY icon
Paymentus
PAY
$124K
5
TOST icon
Toast
TOST
$56.6K

Top Sells

1
FBRT
Franklin BSP Realty Trust
FBRT
$12.5M
2
VTHR icon
Vanguard Russell 3000 ETF
VTHR
$7.13M
3
MSDL icon
Morgan Stanley Direct Lending Fund
MSDL
$4.83M
4
VGIT icon
Vanguard Intermediate-Term Treasury ETF
VGIT
$3.46M
5
ACWX icon
iShares MSCI ACWI ex US ETF
ACWX
$3.05M

Sector Composition

1 Financials 24.42%
2 Real Estate 2.25%
3 Consumer Discretionary 0.13%
4 Technology 0.12%
5 Healthcare 0.02%
Name Market Value Portfolio Weight Shares or Principal Shares
Change % 		Capital Flow
VTI icon
1
Vanguard Total Stock Market ETF
VTI
$526B
$106M 21.89%
350,195
-324
-0.1% -$98.5K
OTF
2
Blue Owl Technology Finance Corp.
OTF
$6.96B
$102M 20.94%
+6,678,147
New +$102M
VTHR icon
3
Vanguard Russell 3000 ETF
VTHR
$3.53B
$64.4M 13.23%
235,936
-26,150
-10% -$7.13M
ACWX icon
4
iShares MSCI ACWI ex US ETF
ACWX
$6.63B
$63.9M 13.14%
1,048,621
-50,056
-5% -$3.05M
VEA icon
5
Vanguard FTSE Developed Markets ETF
VEA
$171B
$44M 9.04%
771,122
-2,516
-0.3% -$143K
VGIT icon
6
Vanguard Intermediate-Term Treasury ETF
VGIT
$32.3B
$42.5M 8.73%
710,087
-57,772
-8% -$3.46M
FBRT
7
Franklin BSP Realty Trust
FBRT
$950M
$10.9M 2.25%
1,022,788
-1,173,383
-53% -$12.5M
VWO icon
8
Vanguard FTSE Emerging Markets ETF
VWO
$96.4B
$10.3M 2.12%
208,613
-690
-0.3% -$34.1K
CVBF icon
9
CVB Financial
CVBF
$2.77B
$8.16M 1.68%
412,247
– –
VCSH icon
10
Vanguard Short-Term Corporate Bond ETF
VCSH
$35.4B
$7.7M 1.58%
96,812
-2,615
-3% -$208K
SPY icon
11
SPDR S&P 500 ETF Trust
SPY
$658B
$7.54M 1.55%
12,204
– –
CGBD icon
12
Carlyle Secured Lending
CGBD
$1.02B
$7.51M 1.54%
+548,617
New +$7.51M
VNQ icon
13
Vanguard Real Estate ETF
VNQ
$34.6B
$6.23M 1.28%
69,923
– –
EEM icon
14
iShares MSCI Emerging Markets ETF
EEM
$19B
$1.95M 0.4%
40,400
– –
BBDC icon
15
Barings BDC
BBDC
$1.04B
$1.16M 0.24%
126,753
– –
CVNA icon
16
Carvana
CVNA
$51.4B
$628K 0.13%
+1,865
New +$628K
RBRK icon
17
Rubrik
RBRK
$17.3B
$285K 0.06%
3,184
– –
IWM icon
18
iShares Russell 2000 ETF
IWM
$67B
$262K 0.05%
1,213
– –
TOST icon
19
Toast
TOST
$26.3B
$198K 0.04%
4,476
+1,279
+40% +$56.6K
PAY icon
20
Paymentus
PAY
$4.88B
$124K 0.03%
+3,789
New +$124K
BKLN icon
21
Invesco Senior Loan ETF
BKLN
$6.97B
$123K 0.03%
5,902
– –
OSCR icon
22
Oscar Health
OSCR
$4.31B
$95K 0.02%
4,431
– –
IEFA icon
23
iShares Core MSCI EAFE ETF
IEFA
$150B
$86.5K 0.02%
1,036
– –
NU icon
24
Nu Holdings
NU
$71.5B
$75.1K 0.02%
5,472
– –
MSDL icon
25
Morgan Stanley Direct Lending Fund
MSDL
$1.57B
– –
-242,195
Closed -$4.83M
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