State of Wyoming’s Nuveen Churchill Direct Lending NCDL Stock Holding History

State of Wyoming’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	-7,739	Closed	-$107K	–	2009
2025 Q3	$107K	Buy	7,739 +1,090	+16%	+$17.4K	0.01%	1287
2025 Q2	$108K	Buy	+6,649	New	+$105K	0.01%	1278

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

State of Wyoming's NCDL Position: Q4 2025 in Review

State of Wyoming sold out of Nuveen Churchill Direct Lending (NCDL) in Q4 2025, closing a stake of 7,739 shares — an estimated $107K sold.

State of Wyoming first reported a position in NCDL in Q2 2025 and held it in 2 quarters. The position peaked at $108K in Q2 2025. 85 funds tracked by Wall St. Rank hold NCDL as of Q4 2025.

State of Wyoming reported no remaining Nuveen Churchill Direct Lending position as of Q4 2025 after selling out during the quarter.
State of Wyoming sold 7,739 Nuveen Churchill Direct Lending shares in Q4 2025, an estimated $107K.
State of Wyoming first reported a position in Nuveen Churchill Direct Lending in Q2 2025 and held it in 2 quarters.
State of Wyoming's Nuveen Churchill Direct Lending position peaked at $108K in Q2 2025.
85 funds tracked by Wall St. Rank held Nuveen Churchill Direct Lending as of Q4 2025.

Based on State of Wyoming's 13F filing for Q4 2025, filed 11 Feb 2026.