Cliffwater LLC

Investment Portfolio & 13F Holdings Analysis

About

Type: FundHoldings: 23Value: $382.5MLatest: 2025Q1

Cliffwater LLC is an institutional investment manager that filed its latest Form 13F for 2025Q1, reporting 23 holdings worth $0.4 billion. Form 13F filings provide transparency into the equity holdings of institutional investment managers with over $100 million in assets under management. This page displays the most recent portfolio holdings, allowing investors to track position changes, new investments, and portfolio composition.

AI_NATIVE detailed information: This accession holds the following tickers:[
  "TEM",
  "CVBF",
  "BBDC",
  "TECX",
  "MSDL",
  "OSCR",
  "FBRT",
  "NU",
  "VGIT",
  "EEM",
  null,
  "SPY",
  "IEFA",
  "VNQ",
  "VWO",
  "TOST",
  null,
  "VEA",
  null,
  null,
  "RBRK",
  "IWM",
  "VTI"
]

Filing Details

13F-HR • 2025-03-31

SEC FilingSEC DataHachi Filing

Report Date: 2025-03-31
Filing Date: 2025-05-14
Total Holdings: 23
Total Value: 382539035
Accession Number: 0001104659-25-048072
Form Type: 13F-HR
CIK: cliffwater
Manager Name: Cliffwater

Data Enrichment

83% identified

19 identified4 unidentified

Holdings

SEC FilingSEC DataHachi Filing

Manager:

23 positions • $382.5M total value

SEC FilingSEC DataHachi Filing

Manager:

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922908769

VTI|922908769

Shares:350.5K

Value:$96.3M

% of Portfolio:25.2% ($96.3M/$382.5M)

92206C599

Shares:262.1K

Value:$64.7M

% of Portfolio:16.9% ($64.7M/$382.5M)

464288240

Shares:1.1M

Value:$60.9M

% of Portfolio:15.9% ($60.9M/$382.5M)

92206C706

VGIT|92206C706

Shares:767.9K

Value:$45.6M

% of Portfolio:11.9% ($45.6M/$382.5M)

921943858

VEA|921943858

Shares:773.6K

Value:$39.3M

% of Portfolio:10.3% ($39.3M/$382.5M)

Franklin BSP Realty Trust, Inc.

FBRT|35243J101

Shares:2.2M

Value:$28.0M

% of Portfolio:7.3% ($28.0M/$382.5M)

922042858

VWO|922042858

Shares:209.3K

Value:$9.5M

% of Portfolio:2.5% ($9.5M/$382.5M)

92206C409

Shares:99.4K

Value:$7.8M

% of Portfolio:2.1% ($7.8M/$382.5M)

CVB FINANCIAL CORP

CVBF|126600105

Shares:412.2K

Value:$7.6M

% of Portfolio:2.0% ($7.6M/$382.5M)

SPDR S&P 500 ETF TRUST

SPY|78462F103

Shares:12.2K

Value:$6.8M

% of Portfolio:1.8% ($6.8M/$382.5M)

922908553

VNQ|922908553

Shares:69.9K

Value:$6.3M

% of Portfolio:1.7% ($6.3M/$382.5M)

Morgan Stanley Direct Lending Fund

MSDL|61774A103

Shares:242.2K

Value:$4.8M

% of Portfolio:1.3% ($4.8M/$382.5M)

464287234

EEM|464287234

Shares:40.4K

Value:$1.8M

% of Portfolio:0.5% ($1.8M/$382.5M)

Barings BDC, Inc.

BBDC|06759L103

Shares:126.8K

Value:$1.2M

% of Portfolio:0.3% ($1.2M/$382.5M)

Tempus AI, Inc.

TEM|88023B103

Shares:13.8K

Value:$666.9K

% of Portfolio:0.2% ($666.9K/$382.5M)

Tectonic Therapeutic, Inc.

TECX|878972108

Shares:15.4K

Value:$272.2K

% of Portfolio:0.1% ($272.2K/$382.5M)

464287655

IWM|464287655

Shares:1.2K

Value:$242.0K

% of Portfolio:0.1% ($242.0K/$382.5M)

Rubrik, Inc.

RBRK|781154109

Shares:3.2K

Value:$194.2K

% of Portfolio:0.1% ($194.2K/$382.5M)

46138G508

Shares:5.9K

Value:$122.2K

% of Portfolio:0.0% ($122.2K/$382.5M)

Toast, Inc.

TOST|888787108

Shares:3.2K

Value:$106.0K

% of Portfolio:0.0% ($106.0K/$382.5M)

Instrument	Shares		Other Manager	Value	% of Portfolio
(VTIcusip922908769)	350.5K	QoQ -0.07% (-277) YoY -10.81% (-42.5K)	All Managers (Combined)	$96.3M	25.2% ($96.3M/$382.5M)	QoQ -5.24% (-$5.3M) YoY -5.68% (-$5.8M)
(cusip92206C599)✕	262.1K	QoQ 0.00% (-0) YoY +268.88% (+191.0K)	All Managers (Combined)	$64.7M	16.9% ($64.7M/$382.5M)	QoQ -4.99% (-$3.4M) YoY +290.73% (+$48.1M)
(cusip464288240)✕	1.1M	QoQ 0.00% (+0) YoY NEW(+1.1M)	All Managers (Combined)	$60.9M	15.9% ($60.9M/$382.5M)	QoQ +6.30% (+$3.6M) YoY NEW(+$60.9M)
(VGITcusip92206C706)	767.9K	QoQ 0.00% (+0) YoY -0.27% (-2.1K)	All Managers (Combined)	$45.6M	11.9% ($45.6M/$382.5M)	QoQ +2.41% (+$1.1M) YoY +1.78% (-$801.3K)
(VEAcusip921943858)	773.6K	QoQ -0.04% (-384) YoY -1.70% (-13.4K)	All Managers (Combined)	$39.3M	10.3% ($39.3M/$382.5M)	QoQ +6.24% (-$2.3M) YoY -0.41% (-$162.5K)
Franklin BSP Realty Trust, Inc.(FBRTcusip35243J101)	2.2M	QoQ 0.00% (+0) YoY 0.00% (-0)	All Managers (Combined)	$28.0M	7.3% ($28.0M/$382.5M)	QoQ +1.59% (+$439.2K) YoY -4.64% (-$1.4M)
(VWOcusip922042858)	209.3K	QoQ 0.00% (+0) YoY -1.07% (-2.3K)	All Managers (Combined)	$9.5M	2.5% ($9.5M/$382.5M)	QoQ +2.77% (+$255.3K) YoY +7.18% (-$635.3K)
(cusip92206C409)✕	99.4K	QoQ -0.76% (-762) YoY -2.77% (-2.8K)	All Managers (Combined)	$7.8M	2.1% ($7.8M/$382.5M)	QoQ +0.42% (-$33.0K) YoY -0.07% (-$6.2K)
CVB FINANCIAL CORP(CVBFcusip126600105)	412.2K	QoQ 0.00% (-0) YoY 0.00% (+0)	All Managers (Combined)	$7.6M	2.0% ($7.6M/$382.5M)	QoQ -13.77% (-$1.2M) YoY +3.47% (+$255.6K)
SPDR S&P 500 ETF TRUST(SPYcusip78462F103)	12.2K	QoQ 0.00% (-0) YoY 0.00% (+0)	All Managers (Combined)	$6.8M	1.8% ($6.8M/$382.5M)	QoQ -4.55% (-$325.7K) YoY +6.94% (+$443.3K)
(VNQcusip922908553)	69.9K	QoQ 0.00% (+0) YoY 0.00% (+0)	All Managers (Combined)	$6.3M	1.7% ($6.3M/$382.5M)	QoQ +1.63% (+$102.1K) YoY +4.69% (+$283.9K)
Morgan Stanley Direct Lending Fund(MSDLcusip61774A103)	242.2K	QoQ -83.25% (-1.2M) YoY -88.90% (-1.9M)	All Managers (Combined)	$4.8M	1.3% ($4.8M/$382.5M)	QoQ -83.81% (-$25.0M) YoY -89.72% (-$42.2M)
(EEMcusip464287234)	40.4K	QoQ 0.00% (+0) YoY 0.00% (+0)	All Managers (Combined)	$1.8M	0.5% ($1.8M/$382.5M)	QoQ +4.49% (+$76.0K) YoY +6.37% (+$105.8K)
Barings BDC, Inc.(BBDCcusip06759L103)	126.8K	QoQ +5.97% (+7.1K) YoY +11.87% (+13.5K)	All Managers (Combined)	$1.2M	0.3% ($1.2M/$382.5M)	QoQ +5.64% (+$64.6K) YoY +14.76% (+$155.6K)
Tempus AI, Inc.(TEMcusip88023B103)	13.8K	QoQ NEW(+13.8K) YoY NEW(+13.8K)	All Managers (Combined)	$666.9K	0.2% ($666.9K/$382.5M)	QoQ NEW(+$666.9K) YoY NEW(+$666.9K)
Tectonic Therapeutic, Inc.(TECXcusip878972108)	15.4K	QoQ NEW(+15.4K) YoY NEW(+15.4K)	All Managers (Combined)	$272.2K	0.1% ($272.2K/$382.5M)	QoQ NEW(+$272.2K) YoY NEW(+$272.2K)
(IWMcusip464287655)	1.2K	QoQ 0.00% (-0) YoY 0.00% (-0)	All Managers (Combined)	$242.0K	0.1% ($242.0K/$382.5M)	QoQ -9.71% (-$26.0K) YoY -5.14% (-$13.1K)
Rubrik, Inc.(RBRKcusip781154109)	3.2K	QoQ NEW(+3.2K) YoY NEW(+3.2K)	All Managers (Combined)	$194.2K	0.1% ($194.2K/$382.5M)	QoQ NEW(+$194.2K) YoY NEW(+$194.2K)
(cusip46138G508)✕	5.9K	QoQ 0.00% (-0) YoY -0.70% (-42)	All Managers (Combined)	$122.2K	0.0% ($122.2K/$382.5M)	QoQ -1.75% (-$2.2K) YoY -2.12% (-$2.7K)
Toast, Inc.(TOSTcusip888787108)	3.2K	QoQ 0.00% (-0) YoY NEW(+3.2K)	All Managers (Combined)	$106.0K	0.0% ($106.0K/$382.5M)	QoQ -8.99% (-$10.5K) YoY NEW(+$106.0K)