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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
Morgan Stanley
1
Morgan Stanley
New York
$262M -$453K -26,807 -0.2%
VanEck Associates
2
VanEck Associates
New York
$30.3M -$2.14M -126,862 -6%
GAM
3
Generali Asset Management
Italy
$30.2M
UBS Group
4
UBS Group
Switzerland
$27.5M +$11.9M +704,394 +73%
Two Sigma Investments
5
Two Sigma Investments
New York
$13.9M +$8.51M +503,458 +148%
MC
6
Muzinich & Co
New York
$12.6M +$3.07M +181,830 +31%
RCM
7
Rivernorth Capital Management
Florida
$12.6M -$3.8M -224,584 -23%
Toronto Dominion Bank
8
Toronto Dominion Bank
Ontario, Canada
$11.8M +$2.5M +148,020 +26%
AS
9
Altshuler Shaham
Israel
$10.7M +$11M +650,437 New
Sumitomo Mitsui Trust Group
10
Sumitomo Mitsui Trust Group
Japan
$9.2M +$897K +53,051 +11%
AP
11
Americana Partners
Texas
$9.09M +$216K +12,793 +2%
AFG
12
American Financial Group
Ohio
$8.76M +$8.99M +531,500 New
TI
13
Trexquant Investment
Connecticut
$7.38M +$3.57M +211,345 +89%
Jane Street
14
Jane Street
New York
$6.97M +$5.54M +327,940 +344%
Wells Fargo
15
Wells Fargo
California
$6.73M +$875K +51,780 +15%
HF
16
HRT Financial
New York
$6.5M +$6.67M +394,241 New
Franklin Resources
17
Franklin Resources
California
$6.12M -$62K -3,667 -1%
LMGAM
18
Liberty Mutual Group Asset Management
Massachusetts
$5.93M +$6.08M +359,773 New
THC
19
Truffle Hound Capital
Maryland
$5.27M +$5.41M +320,000 New
TCM
20
TT Capital Management
California
$4.99M +$91.1K +5,387 +2%
CEFA
21
Closed-End Fund Advisors
Virginia
$4.8M +$4.93M +291,456 New
Millennium Management
22
Millennium Management
New York
$4.43M -$1.4M -82,825 -24%
HWAM
23
Hennion & Walsh Asset Management
New Jersey
$4.27M +$1.02M +60,391 +30%
Two Sigma Advisers
24
Two Sigma Advisers
New York
$4.11M +$2.66M +157,600 +172%
Russell Investments Group
25
Russell Investments Group
United Kingdom
$4M +$4.1M +242,417 New