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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
GC
101
Gilbert & Cook
Iowa
$200K
VHAM
102
Van Hulzen Asset Management
California
$191K +$196K +11,585 New
Balyasny Asset Management
103
Balyasny Asset Management
Illinois
$191K -$2.78M -164,160 -93%
OCM
104
Osbon Capital Management
Massachusetts
$185K +$189K +11,206 New
DS
105
DRW Securities
Illinois
$176K +$181K +10,709 New
GC
106
Grimes & Company
Massachusetts
$174K +$179K +10,579 New
OAM
107
Oxford Asset Management
United Kingdom
$171K +$176K +10,403 New
CWA
108
Cura Wealth Advisors
Illinois
$168K +$172K +10,200 New
ICA
109
Infrastructure Capital Advisors
New York
$165K +$169K +10,001 New
KFA
110
Kelleher Financial Advisors
New York
$163K +$167K +9,906 New
HI
111
Harbour Investments
Wisconsin
$92.6K +$95K +5,618 New
BNP Paribas Financial Markets
112
BNP Paribas Financial Markets
France
$89K +$10.1K +600 +13%
KAS
113
Kestra Advisory Services
Texas
$80.5K +$82.5K +4,882 New
FDCDDQ
114
Federation des caisses Desjardins du Quebec
Quebec, Canada
$74.7K -$8.28K -490 -10%
LA
115
LM Advisors
California
$74.6K -$922K -54,516 -98%
SIS
116
Sound Income Strategies
Florida
$66.3K +$67.7K +4,007 New
CFD
117
Creative Financial Designs
Indiana
$58.6K
AF
118
Advisornet Financial
Minnesota
$51.9K -$8.45K -500 -14%
RhumbLine Advisers
119
RhumbLine Advisers
Massachusetts
$49.4K +$50.7K +3,000 New
DE
120
DV Equities
Illinois
$41.2K +$42.3K +2,500 New
SWM
121
SHP Wealth Management
Massachusetts
$39.3K +$40.4K +2,387 New
NA
122
NewEdge Advisors
Louisiana
$33K
TRCT
123
Tower Research Capital (TRC)
New York
$21.9K +$16.6K +981 +281%
AF
124
Allworth Financial
California
$16.5K -$27.2K -1,606 -62%
PNC Financial Services Group
125
PNC Financial Services Group
Pennsylvania
$16.3K