Nuveen Churchill Direct Lending
NCDL
50 hedge funds and large institutions have $208M invested in Nuveen Churchill Direct Lending in 2024 Q3 according to their latest regulatory filings, with 17 funds opening new positions, 28 increasing their positions, 3 reducing their positions, and 5 closing their positions.
833% more repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 3
240% more first-time investments, than exits
New positions opened: 17 | Existing positions closed: 5
164% more capital invested
Capital invested by funds: $78.7M → $208M (+$129M)
28% more funds holding
Funds holding: 39 → 50 (+11)
13.53% more ownership
Funds ownership: 8.22% → 21.75% (+14%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BOCH
Blue Owl Capital Holdings
New York
|
+$70.6M |
| 2 |
Corient Private Wealth
Miami,
Florida
|
+$30.7M |
| 3 |
JP Morgan Chase
New York
|
+$6.76M |
| 4 |
SCA
Snowden Capital Advisors
New York
|
+$2.57M |
| 5 |
Acadian Asset Management
Boston,
Massachusetts
|
+$2.23M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Marshall Wace
London,
United Kingdom
|
-$553K |
| 2 |
AWM
Ariadne Wealth Management
Santa Barbara,
California
|
-$520K |
| 3 |
Two Sigma Advisers
New York
|
-$336K |
| 4 |
PD
Point72 (DIFC)
Dubai,
United Arab Emirates
|
-$133K |
| 5 |
Citadel Advisors
Miami,
Florida
|
-$102K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
AWM
51
Ariadne Wealth Management
Santa Barbara,
California
| – | -$520K | -28,997 | Closed |
|
|
52
Two Sigma Advisers
New York
| – | -$336K | -19,300 | Closed |
|
|
PD
53
Point72 (DIFC)
Dubai,
United Arab Emirates
| – | -$133K | -7,640 | Closed |
|
|
CSS
54
Cubist Systematic Strategies
Stamford,
Connecticut
| – | -$54.1K | -3,111 | Closed |
|
|
BAM
55
Bellevue Asset Management
Bellevue,
Washington
| – | -$9.81K | -564 | Closed |
|
NCDL Hedge Fund Activity: Q3 2024 in Review
50 of the 6,965 institutional investors tracked by Wall St. Rank reported a position in Nuveen Churchill Direct Lending (NCDL) for Q3 2024, worth a combined $208M — up 164% from $78.7M a quarter earlier.
Buyers outnumbered sellers: 17 funds opened new NCDL positions and 5 closed out — a net gain of 12 holders — while 28 added to existing stakes and 3 trimmed.
The largest buyer was Blue Owl Capital Holdings, opening a new position worth an estimated $70.6M. The largest seller was Marshall Wace, cutting an estimated $553K.
- 50 institutional investors held Nuveen Churchill Direct Lending (NCDL) as of Q3 2024, up from 39 in Q2 2024.
- Funds reported $208M of Nuveen Churchill Direct Lending stock for Q3 2024, up 164% quarter-over-quarter.
- 17 funds opened new Nuveen Churchill Direct Lending positions in Q3 2024 and 5 closed out, a net change of +12 holders.
- The largest Nuveen Churchill Direct Lending buyer in Q3 2024 was Blue Owl Capital Holdings, an estimated $70.6M added.
- The largest Nuveen Churchill Direct Lending seller in Q3 2024 was Marshall Wace, an estimated $553K sold.
Based on aggregated 13F filings for Q3 2024.