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CIK: 0001659851
Total reported value
$401.7M
$401.7M
22 檔
94.6%
In Q3 2025, Cliffwater LLC's U.S. equity holdings reached a combined market value of $401.7M, distributed across 22 disclosed stock positions.
In Q3 2025, Cliffwater LLC adopted a defensive or profit-taking posture, trimming 6 positions and completely liquidating 4 holdings to manage risk exposure.
In terms of portfolio concentration, the top 5 core holdings (including VTI, OTF, VTHR) accounted for 94.6% of total reported equity market value during Q3 2025.
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | VTI | Vanguard Total Stock Mkt ETF | ETF-Other | 24.07% | +0.95% | -0.60% | |
| 2 | OTF | Blue Owl Technology Finance | Stock-Other | 17.25% | -4.17% | -11.29% | |
| 3 | VTHR | Vanguard Russell 3000 | ETF-Other | 14.63% | -4.99% | — | |
| 4 | ACWX | Ishares Msci Acwi Ex US ETF | ETF-Other | 14.36% | — | — | |
| 5 | VGIT | Vanguard Intermediate-term T | ETF-Other | 9.76% | +5.45% | +8.72% | |
| 6 | VEA | Vanguard Ftse Developed ETF | ETF-Other | 9.72% | +0.56% | -0.12% | |
| 7 | VWO | Vanguard Ftse Emerging Marke | ETF-Emerging Markets | 2.38% | +0.12% | -0.14% | |
| 8 | SPY | Ss Spdr S&p 500 ETF Trust-us | ETF-Large Cap & Growth | 1.71% | +0.15% | — | |
| 9 | CVBF | Cvb Financial CORP | Stock-Other | 1.64% | +0.19% | — | |
| 10 | VCSH | Vanguard S/t CORP Bond ETF | ETF-Corp Bonds | 1.52% | -0.12% | -6.82% | |
| 11 | VNQ | Vanguard Real Estate ETF | ETF-Other | 1.35% | +0.04% | — | |
| 12 | CGBD | Carlyle Secured Lending Inc | Stock-Other | 0.55% | -0.06% | -62.21% | |
| 13 | EEM | Ishares Msci Emerging Market | ETF-Emerging Markets | 0.45% | +0.08% | — | |
| 14 | BBDC | Barings Bdc Inc | Stock-Other | 0.23% | -0.01% | — | |
| 15 | CVNA | Carvana Co | Stock-Consumer Disc | 0.15% | -0.01% | — | |
| 16 | IWM | Ishares Russell 2000 ETF | ETF-Small Cap | 0.06% | — | — | |
| 17 | RBRK | Rubrik Inc-a | Stock-Tech | 0.06% | +0.02% | — | |
| 18 | TOST | Toast Inc-class A | Stock-Tech | 0.03% | — | — | |
| 19 | BKLN | Invesco Senior Loan ETF | ETF-Other | 0.03% | — | — | |
| 20 | IEFA | Ishares Core Msci Eafe ETF | ETF-Other | 0.02% | — | — | |
| 21 | NU | Nu Holdings Ltd. | Stock-Financials | 0.02% | -0.01% | — | |
| 22 | OSCR | Oscar Health Inc - Class A | Stock-Healthcare | 0.02% | +0.02% | — |
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | RBRK | Rubrik Inc-a | 0% | — | Unchanged |
| 2 | NU | Nu Holdings Ltd. | 0% | — | Unchanged |
| 3 | TOST | Toast Inc-class A | — | — | Add |
| 4 | IWM | Ishares Russell 2000 ETF | — | — | Unchanged |
| 5 | OSCR | Oscar Health Inc - Class A | — | — | Unchanged |
| 6 | IEFA | Ishares Core Msci Eafe ETF | — | — | Unchanged |
| 7 | BKLN | Invesco Senior Loan ETF | — | — | Unchanged |
| 8 | EEM | Ishares Msci Emerging Market | 0% | — | Unchanged |
| 9 | SPY | Ss Spdr S&p 500 ETF Trust-us | -0.1% | — | Unchanged |
| 10 | BBDC | Barings Bdc Inc | -0.1% | — | Unchanged |
| 11 | VWO | Vanguard Ftse Emerging Marke | -0.1% | -0.14% | Trim |
| 12 | VNQ | Vanguard Real Estate ETF | -0.3% | — | Unchanged |
| 13 | CVBF | Cvb Financial CORP | -0.4% | — | Unchanged |
| 14 | VCSH | Vanguard S/t CORP Bond ETF | -0.5% | -6.82% | Trim |
| 15 | VEA | Vanguard Ftse Developed ETF | -0.6% | -0.12% | Trim |
| 16 | VTI | Vanguard Total Stock Mkt ETF | -1.1% | -0.60% | Trim |
| 17 | ACWX | Ishares Msci Acwi Ex US ETF | -1.6% | — | Trim |
| 18 | VGIT | Vanguard Intermediate-term T | -2.2% | +8.72% | Add |
| 19 | VTHR | Vanguard Russell 3000 | -2.3% | — | Trim |
| 20 | OTF | Blue Owl Technology Finance | — | NEW | New buy |
| 21 | FBRT | Franklin Bsp Realty Trust In | — | EXIT | Sold out |
| 22 | MSDL | Morgan Stanley Direct Lendin | — | EXIT | Sold out |
| 23 | CGBD | Carlyle Secured Lending Inc | — | NEW | New buy |
| 24 | CVNA | Carvana Co | — | NEW | New buy |
| 25 | TEM | Tempus Ai Inc-cl A | — | EXIT | Sold out |
| 26 | TECX | Tectonic Therapeutic Inc | — | EXIT | Sold out |
According to official SEC Form 13F filings, Cliffwater LLC reported a total U.S. public equity portfolio value of $401.7M across 22 disclosed positions in Q3 2025.
During Q3 2025, Cliffwater LLC's top holdings by market value included VTI (24.1%)、OTF (17.3%)、VTHR (14.6%). The largest single position, VTI, represented 24.1% of total portfolio value.
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Learn how SEC Form 13F filings work, the $100M threshold, 45-day reporting lag, and how to track top hedge fund holdings.
Top New Position Initiated
OTF
市值: $81.9M
Top Position Liquidated / Trimmed
FBRT
前期市值: $28.0M
In Q3 2025, Cliffwater LLC made 15 total portfolio adjustments, initiating 3 new buys, adding to 2 positions, trimming 6 holdings, and fully liquidating 4 stocks.
All holding records on this page are fetched directly from the U.S. Securities and Exchange Commission (SEC) EDGAR system (Form 13F-HR). AlphaSMO parses CUSIP identifiers and formats data into Schema.org-compliant datasets.
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