Royal Bank of Canada
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Royal Bank of Canada’s Nuveen Churchill Direct Lending NCDL Stock Holding History

Royal Bank of Canada’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
Q1 		$49K Sell
3,869
-1,379
-26% -$18.5K ﹤0.01% 5506
2025
Q4 		$70K Buy
5,248
+84
+2% +$1.19K ﹤0.01% 5379
2025
Q3 		$72K Sell
5,164
-46,030
-90% -$736K ﹤0.01% 5673
2025
Q2 		$829K Buy
51,194
+48,794
+2,033% +$772K ﹤0.01% 4063
2025
Q1 		$41K Buy
2,400
+200
+9% +$3.44K ﹤0.01% 5646
2024
Q4 		$37K Buy
2,200
+1,000
+83% +$17.1K ﹤0.01% 5841
2024
Q3 		$21K Buy
+1,200
New +$21K ﹤0.01% 6094

Other funds holding NCDL

BOCH
Blue Owl Capital Holdings New York $372M AUM 78.25% 1-Year Est. Return
Corient Private Wealth
Corient Private Wealth Miami, Florida $69.9B AUM 22.19% 1-Year Est. Return
DCP
Diameter Capital Partners New York $1.07B AUM 152.29% 1-Year Est. Return
BBHC
Brown Brothers Harriman & Co New York $18.6B AUM 15.81% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return
Two Sigma Investments
Two Sigma Investments New York $124B AUM 33.93% 1-Year Est. Return
OWA
Opal Wealth Advisors Jericho, New York $463M AUM 20.47% 1-Year Est. Return
AM
Ares Management Los Angeles, California $1.52B AUM 12.97% 1-Year Est. Return
VanEck Associates
VanEck Associates New York $133B AUM 72.99% 1-Year Est. Return

Royal Bank of Canada's NCDL Position: Q1 2026 in Review

Royal Bank of Canada reduced its Nuveen Churchill Direct Lending (NCDL) stake by 26% in Q1 2026, selling an estimated $18.5K and leaving 3,869 shares worth $49K. The position accounts for ﹤0.01% of the portfolio, ranked #5506.

Royal Bank of Canada first reported a position in NCDL in Q3 2024 and has held it in 7 quarters since. The position peaked at $829K in Q2 2025. 67 funds tracked by Wall St. Rank hold NCDL as of Q1 2026.

  • Royal Bank of Canada held 3,869 shares of Nuveen Churchill Direct Lending worth $49K as of Q1 2026.
  • Royal Bank of Canada sold 1,379 Nuveen Churchill Direct Lending shares in Q1 2026, an estimated $18.5K.
  • Nuveen Churchill Direct Lending made up ﹤0.01% of Royal Bank of Canada's portfolio in Q1 2026, its #5506 holding.
  • Royal Bank of Canada first reported a position in Nuveen Churchill Direct Lending in Q3 2024 and has held it in 7 quarters since.
  • Royal Bank of Canada's Nuveen Churchill Direct Lending position peaked at $829K in Q2 2025.
  • 67 funds tracked by Wall St. Rank held Nuveen Churchill Direct Lending as of Q1 2026.

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