National Bank of Canada
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National Bank of Canada’s Morgan Stanley Direct Lending Fund MSDL Stock Holding History

National Bank of Canada’s Portfolio MSDL Stock Details MSDL Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2026
Q1 		$332K Buy
23,766
+4,521
+23% +$69.9K ﹤0.01% 1493
2025
Q4 		$317K Buy
19,245
+2,445
+15% +$41.3K ﹤0.01% 1468
2025
Q3 		$270K Buy
16,800
+11,700
+229% +$213K ﹤0.01% 1475
2025
Q2 		$95.3K Buy
+5,100
New +$98.6K ﹤0.01% 1797
2025
Q1 		– Sell
-252
Closed -$5.21K – 3043
2024
Q4 		$5.21K Buy
+252
New +$5.16K ﹤0.01% 2444

Other funds holding MSDL

Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
GAM
Generali Asset Management Trieste, Italy $4.79B AUM 26.21% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return
RCM
Rivernorth Capital Management West Palm Beach, Florida $2B AUM 0.66% 1-Year Est. Return
Two Sigma Investments
Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return
MC
Muzinich & Co New York $293M AUM 18.57% 1-Year Est. Return
Russell Investments Group
Russell Investments Group London, United Kingdom $93.1B AUM 28.26% 1-Year Est. Return
AS
Altshuler Shaham Tel Aviv, Israel $5.54B AUM 44.68% 1-Year Est. Return
AFG
American Financial Group Cincinnati, Ohio $270M AUM 3.25% 1-Year Est. Return

National Bank of Canada's MSDL Position: Q1 2026 in Review

National Bank of Canada increased its Morgan Stanley Direct Lending Fund (MSDL) stake by 23% in Q1 2026, buying an estimated $69.9K and bringing the position to 23,766 shares worth $332K. The position accounts for ﹤0.01% of the portfolio, ranked #1493.

National Bank of Canada first reported a position in MSDL in Q4 2024 and has held it in 5 quarters since. 138 funds tracked by Wall St. Rank hold MSDL as of Q1 2026.

  • National Bank of Canada held 23,766 shares of Morgan Stanley Direct Lending Fund worth $332K as of Q1 2026.
  • National Bank of Canada bought 4,521 Morgan Stanley Direct Lending Fund shares in Q1 2026, an estimated $69.9K.
  • Morgan Stanley Direct Lending Fund made up ﹤0.01% of National Bank of Canada's portfolio in Q1 2026, its #1493 holding.
  • National Bank of Canada first reported a position in Morgan Stanley Direct Lending Fund in Q4 2024 and has held it in 5 quarters since.
  • 138 funds tracked by Wall St. Rank held Morgan Stanley Direct Lending Fund as of Q1 2026.

Based on National Bank of Canada's 13F filing for Q1 2026, filed 15 May 2026.