Marshall Wace’s Nuveen Churchill Direct Lending NCDL Stock Holding History

Marshall Wace’s Portfolio NCDL Stock Details NCDL Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-188,622	Closed	-$2.6M	–	3296
2025 Q3	$2.6M	Buy	+188,622	New	+$3.02M	﹤0.01%	1489
2025 Q2	–	Sell	-183,072	Closed	-$3.11M	–	3003
2025 Q1	$3.11M	Sell	183,072 -57,971	-24%	-$996K	﹤0.01%	1269
2024 Q4	$4.04M	Buy	241,043 +193,188	+404%	+$3.31M	﹤0.01%	1154
2024 Q3	$834K	Sell	47,855 -31,612	-40%	-$553K	﹤0.01%	1723
2024 Q2	$1.38M	Buy	79,467 +10,493	+15%	+$185K	﹤0.01%	1544
2024 Q1	$1.25M	Buy	+68,974	New	+$1.2M	﹤0.01%	1565

Other funds holding NCDL

BOCH

Blue Owl Capital Holdings New York $665M AUM 95.48% 1-Year Est. Return

Corient Private Wealth Miami, Florida $72.2B AUM 27.85% 1-Year Est. Return

DCP

Diameter Capital Partners New York $1.24B AUM 137.67% 1-Year Est. Return

VanEck Associates New York $164B AUM 112.45% 1-Year Est. Return

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

CEFA

Closed-End Fund Advisors Richmond, Virginia $102M AUM

OWA

Opal Wealth Advisors Jericho, New York $463M AUM 20.47% 1-Year Est. Return

CCM

Callodine Capital Management Boston, Massachusetts $1.53B AUM 18.8% 1-Year Est. Return

HWAM

Hennion & Walsh Asset Management Parsippany, New Jersey $3.5B AUM 41.95% 1-Year Est. Return

Marshall Wace's NCDL Position: Q4 2025 in Review

Marshall Wace sold out of Nuveen Churchill Direct Lending (NCDL) in Q4 2025, closing a stake of 188,622 shares — an estimated $2.6M sold.

Marshall Wace first reported a position in NCDL in Q1 2024 and held it in 6 quarters. The position peaked at $4.04M in Q4 2024. 85 funds tracked by Wall St. Rank hold NCDL as of Q4 2025.

Marshall Wace reported no remaining Nuveen Churchill Direct Lending position as of Q4 2025 after selling out during the quarter.
Marshall Wace sold 188,622 Nuveen Churchill Direct Lending shares in Q4 2025, an estimated $2.6M.
Marshall Wace first reported a position in Nuveen Churchill Direct Lending in Q1 2024 and held it in 6 quarters.
Marshall Wace's Nuveen Churchill Direct Lending position peaked at $4.04M in Q4 2024.
85 funds tracked by Wall St. Rank held Nuveen Churchill Direct Lending as of Q4 2025.

Based on Marshall Wace's 13F filing for Q4 2025, filed 13 Feb 2026.