Morgan Stanley’s Nuveen Churchill Direct Lending NCDL Stock Holding History

Morgan Stanley’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
2026 Q2	$5.67M	Buy	456,477 +87,046	+24%	+$1.16M	﹤0.01%	4145
2026 Q1	$4.7M	Sell	369,431 -93,476	-20%	-$1.25M	﹤0.01%	4184
2025 Q4	$6.18M	Sell	462,907 -71,046	-13%	-$1.01M	﹤0.01%	4016
2025 Q3	$7.37M	Buy	533,953 +93,596	+21%	+$1.5M	﹤0.01%	3822
2025 Q2	$7.13M	Sell	440,357 -66,395	-13%	-$1.05M	﹤0.01%	3764
2025 Q1	$8.6M	Buy	506,752 +195,411	+63%	+$3.36M	﹤0.01%	3478
2024 Q4	$5.22M	Buy	311,341 +121,644	+64%	+$2.09M	﹤0.01%	3954
2024 Q3	$3.3M	Buy	189,697 +60,190	+46%	+$1.05M	﹤0.01%	4288
2024 Q2	$2.25M	Buy	129,507 +47,371	+58%	+$834K	﹤0.01%	4487
2024 Q1	$1.48M	Buy	+82,136	New	+$1.43M	﹤0.01%	4741

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

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

Ares Management Los Angeles, California $2.29B AUM 0.27% 1-Year Est. Return

BBHC

Brown Brothers Harriman & Co New York $22.8B AUM 25.09% 1-Year Est. Return

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

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

OWA

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

DCP

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

Two Sigma Investments New York $138B AUM 41.87% 1-Year Est. Return

Morgan Stanley's NCDL Position: Q2 2026 in Review

Morgan Stanley increased its Nuveen Churchill Direct Lending (NCDL) stake by 24% in Q2 2026, buying an estimated $1.16M and bringing the position to 456,477 shares worth $5.67M. The position accounts for ﹤0.01% of the portfolio, ranked #4145.

Morgan Stanley first reported a position in NCDL in Q1 2024 and has held it in 10 quarters since. The position peaked at $8.6M in Q1 2025. 68 funds tracked by Wall St. Rank hold NCDL as of Q2 2026.

Morgan Stanley held 456,477 shares of Nuveen Churchill Direct Lending worth $5.67M as of Q2 2026.
Morgan Stanley bought 87,046 Nuveen Churchill Direct Lending shares in Q2 2026, an estimated $1.16M.
Nuveen Churchill Direct Lending made up ﹤0.01% of Morgan Stanley's portfolio in Q2 2026, its #4145 holding.
Morgan Stanley first reported a position in Nuveen Churchill Direct Lending in Q1 2024 and has held it in 10 quarters since.
Morgan Stanley's Nuveen Churchill Direct Lending position peaked at $8.6M in Q1 2025.
68 funds tracked by Wall St. Rank held Nuveen Churchill Direct Lending as of Q2 2026.

Based on Morgan Stanley's 13F filing for Q2 2026, filed 13 Aug 2026.