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Morgan Stanley Direct Lending Fund

133 hedge funds and large institutions have $598M invested in Morgan Stanley Direct Lending Fund in 2025 Q4 according to their latest regulatory filings, with 42 funds opening new positions, 42 increasing their positions, 37 reducing their positions, and 22 closing their positions.

New
Increased
Maintained
Reduced
Closed

150% more funds holding in top 10

Funds holding in top 10: 25 (+3)

91% more first-time investments, than exits

New positions opened: 42 | Existing positions closed: 22

19% more capital invested

Capital invested by funds: $505M → $598M (+$93.7M)

14% more funds holding

Funds holding: 117133 (+16)

14% more repeat investments, than reductions

Existing positions increased: 42 | Existing positions reduced: 37

5.68% more ownership

Funds ownership: 36.13%41.81% (+5.7%)

34% less call options, than puts

Call options by funds: $2.15M | Put options by funds: $3.27M

Holders
133
Holders Change
+16
Holders Change %
+13.68%
% of All Funds
1.62%
Holding in Top 10
5
Holding in Top 10 Change
+3
Holding in Top 10 Change %
+150%
% of All Funds
0.06%
New
42
Increased
42
Reduced
37
Closed
22
Calls
$2.15M
Puts
$3.27M
Net Calls
-$1.11M
Net Calls Change
+$381K
Name Holding Trade Value Shares
Change
Change in
Stake
LPL Financial
51
LPL Financial
California
$1.23M -$779K -46,059 -38%
CIM
52
Confluence Investment Management
Missouri
$1.19M +$22.1K +1,308 +2%
MG
53
Marex Group
$1.17M +$363K +21,449 +43%
SPIA
54
Steward Partners Investment Advisory
New York
$1.13M +$613K +36,285 +113%
Lido Advisors
55
Lido Advisors
California
$1.05M +$746K +44,136 +227%
DA
56
Denali Advisors
California
$952K -$240K -14,175 -20%
A
57
AlphaQuest
New York
$890K +$235K +13,919 +35%
Bank of America
58
Bank of America
North Carolina
$836K -$572K -33,820 -40%
MCM
59
MAI Capital Management
Ohio
$828K +$849K +50,216 New
CAPTRUST Financial Advisors
60
CAPTRUST Financial Advisors
North Carolina
$813K
QC
61
Quadrature Capital
United Kingdom
$805K -$31K -1,832 -4%
BPA
62
Beacon Pointe Advisors
California
$778K +$401K +23,689 +101%
Royal Bank of Canada
63
Royal Bank of Canada
Ontario, Canada
$777K -$468K -27,709 -37%
Truist Financial
64
Truist Financial
North Carolina
$703K -$159K -9,431 -18%
Ameriprise
65
Ameriprise
Minnesota
$668K -$49.6K -2,936 -7%
Cetera Investment Advisers
66
Cetera Investment Advisers
Illinois
$660K +$154K +9,136 +30%
Pathstone Holdings
67
Pathstone Holdings
New Jersey
$580K +$87.8K +5,194 +17%
Focus Partners Wealth
68
Focus Partners Wealth
Massachusetts
$565K +$577K +34,118 New
Commonwealth Equity Services
69
Commonwealth Equity Services
Massachusetts
$562K -$146K -8,662 -20%
Osaic Holdings
70
Osaic Holdings
Arizona
$541K -$51.3K -3,036 -8%
VF
71
Virtu Financial
New York
$523K +$537K +31,736 New
Squarepoint
72
Squarepoint
New York
$491K -$1.74K -103 -0.3%
ET
73
Entropy Technologies
New York
$481K +$494K +29,206 New
Northern Trust
74
Northern Trust
Illinois
$461K +$5.16K +305 +1%
Invesco
75
Invesco
Georgia
$460K -$684K -40,454 -59%