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Morgan Stanley Direct Lending Fund
MSDL

82 hedge funds and large institutions have $432M invested in Morgan Stanley Direct Lending Fund in 2024 Q4 according to their latest regulatory filings, with 39 funds opening new positions, 36 increasing their positions, 4 reducing their positions, and 7 closing their positions.

New
Increased
Maintained
Reduced
Closed

800% more repeat investments, than reductions

Existing positions increased: 36 | Existing positions reduced: 4

457% more first-time investments, than exits

New positions opened: 39 | Existing positions closed: 7

58% more funds holding

Funds holding: 52 → 82 (+30)

29% more capital invested

Capital invested by funds: $334M → $432M (+$97.8M)

4.58% more ownership

Funds ownership: 18.9% → 23.48% (+4.6%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

86% less call options, than puts

Call options by funds: $343K | Put options by funds: $2.37M

Holders
82
Holders Change
+30
Holders Change %
+57.69%
% of All Funds
1.08%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.01%
New
39
Increased
36
Reduced
4
Closed
7
Calls
$343K
Puts
$2.37M
Net Calls
-$2.03M
Net Calls Change
-$650K

Top Buyers

Rank Fund Capital Flow
1
Morgan Stanley
Morgan Stanley
New York
+$33.4M
2
Renaissance Technologies
Renaissance Technologies
New York
+$6.87M
3
NW
Naviter Wealth
Arkansas
+$3.31M
4
Franklin Resources
Franklin Resources
California
+$3.28M
5
Citadel Advisors
Citadel Advisors
Florida
+$3.03M

Top Sellers

Rank Fund Capital Flow
1
C
Cliffwater
California
-$13.9M
2
MIM
Monashee Investment Management
Massachusetts
-$889K
3
QC
Quadrature Capital
United Kingdom
-$437K
4
LA
LM Advisors
California
-$365K
5
BRWA
B. Riley Wealth Advisors
Florida
-$271K
Name Holding Trade Value Shares
Change 		Change in
Stake
BSG
51
Black Swift Group
Colorado
$506K +$501K +24,470 New
Two Sigma Advisers
52
Two Sigma Advisers
New York
$494K +$489K +23,900 New
GC
53
Grimes & Company
Massachusetts
$455K +$451K +22,033 New
LA
54
LM Advisors
California
$450K -$365K -17,856 -45%
HWAM
55
Hennion & Walsh Asset Management
New Jersey
$443K +$438K +21,427 New
ET
56
Entropy Technologies
New York
$392K +$388K +18,985 New
Balyasny Asset Management
57
Balyasny Asset Management
Illinois
$386K +$383K +18,706 New
CC
58
Centiva Capital
New York
$359K +$135K +6,595 +61%
Commonwealth Equity Services
59
Commonwealth Equity Services
Massachusetts
$352K +$348K +17,029 New
CA
60
Clearstead Advisors
Ohio
$347K +$131K +6,396 +62%
NA
61
Nordwand Advisors
Pennsylvania
$332K +$329K +16,060 New
OWA
62
Opal Wealth Advisors
New York
$312K +$309K +15,105 New
Lido Advisors
63
Lido Advisors
California
$296K +$285K +13,944 New
VEA
64
Virtus ETF Advisers
New York
$286K +$91.3K +4,462 +48%
SA
65
Sanctuary Advisors
Indiana
$286K +$277K +13,563 New
WSFS
66
Wilmington Savings Fund Society
Delaware
$258K +$256K +12,500 New
SIC
67
Samalin Investment Counsel
New York
$229K +$227K +11,074 New
Squarepoint
68
Squarepoint
New York
$229K +$226K +11,064 New
Bank of America
69
Bank of America
North Carolina
$224K +$202K +9,895 +1,029%
IWA
70
Icon Wealth Advisors
Texas
$209K +$207K +10,114 New
TCWM
71
Total Clarity Wealth Management
Illinois
$204K +$202K +9,862 New
Bank of Nova Scotia
72
Bank of Nova Scotia
Ontario, Canada
$200K +$198K +9,689 New
Simplex Trading
73
Simplex Trading
Illinois
$166K +$63.7K +3,112 +63%
BNP Paribas Financial Markets
74
BNP Paribas Financial Markets
France
$140K +$116K +5,671 +516%
Citigroup
75
Citigroup
New York
$104K +$103K +5,039 New
1 2
3
4

MSDL Hedge Fund Activity: Q4 2024 in Review

82 of the 7,593 institutional investors tracked by Wall St. Rank reported a position in Morgan Stanley Direct Lending Fund (MSDL) for Q4 2024, worth a combined $432M — up 29% from $334M a quarter earlier.

Buyers outnumbered sellers: 39 funds opened new MSDL positions and 7 closed out — a net gain of 32 holders — while 36 added to existing stakes and 4 trimmed.

The largest buyer was Morgan Stanley, adding an estimated $33.4M. The largest seller was Cliffwater, cutting an estimated $13.9M.

  • 82 institutional investors held Morgan Stanley Direct Lending Fund (MSDL) as of Q4 2024, up from 52 in Q3 2024.
  • Funds reported $432M of Morgan Stanley Direct Lending Fund stock for Q4 2024, up 29% quarter-over-quarter.
  • 39 funds opened new Morgan Stanley Direct Lending Fund positions in Q4 2024 and 7 closed out, a net change of +32 holders.
  • The largest Morgan Stanley Direct Lending Fund buyer in Q4 2024 was Morgan Stanley, an estimated $33.4M added.
  • The largest Morgan Stanley Direct Lending Fund seller in Q4 2024 was Cliffwater, an estimated $13.9M sold.

Based on aggregated 13F filings for Q4 2024.