Cliffwater LLC — 13F Holdings & Portfolio
CIK 1659851 · latest 13F-HR filed 2026-08-12
Cliffwater LLC manages $401.7M in 13F-reported U.S. long-equity assets across 22 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are VTI (28.29%), VGIT (17.63%), OTF (15.23%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 2 new positions, exited 0, added to 11, and trimmed 3.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
11TH FLOOR
MARINA DEL REY, CA 90292
$401.7M
Long-equity book
22
Distinct positions
2026-06-30
Filed 2026-08-12
+2 / −0 / ↑11 / ↓3
vs 2026-03-31
| Name | Title / Status | Ownership | Type |
|---|
Top Adds (vs prior quarter)
- VANGUARD SCOTTSDALE FDS$24.8M +54.0%
- VANGUARD INDEX FDS$10.5M +10.1%
- VANGUARD TAX-MANAGED FDS$5.4M +11.0%
- CVB FINL CORP$1.3M +16.3%
- VANGUARD INTL EQUITY INDEX F$1.2M +10.4%
Top Trims
- VANGUARD SCOTTSDALE FDS-$16.2M -27.5%
- BLUE OWL TECHNOLOGY FIN CORP-$12.1M -16.5%
- NU HLDGS LTD-$9.6K -7.0%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | VANGUARD INDEX FDS | VTI | 922908769 | $113.6M | 28.29% | 307,085 | SH |
| 2 | VANGUARD SCOTTSDALE FDS | VGIT | 92206C706 | $70.8M | 17.63% | 1,200,527 | SH |
| 3 | BLUE OWL TECHNOLOGY FIN CORP | OTF | 095924106 | $61.2M | 15.23% | 5,908,955 | SH |
| 4 | VANGUARD TAX-MANAGED FDS | VEA | 921943858 | $54.8M | 13.64% | 768,881 | SH |
| 5 | VANGUARD SCOTTSDALE FDS | VTHR | 92206C599 | $42.9M | 10.67% | 129,315 | SH |
| 6 | VANGUARD INTL EQUITY INDEX F | VWO | 922042858 | $12.4M | 3.10% | 208,320 | SH |
| 7 | CVB FINL CORP | CVBF | 126600105 | $9.3M | 2.31% | 412,247 | SH |
| 8 | SPDR S&P 500 ETF TR | SPY | 78462F103 | $8.0M | 2.00% | 10,752 | SH |
| 9 | VANGUARD SCOTTSDALE FDS | VCSH | 92206C409 | $7.1M | 1.76% | 89,515 | SH |
| 10 | VANGUARD INDEX FDS | VNQ | 922908553 | $6.7M | 1.68% | 69,923 | SH |
| 11 | FORBRIGHT INC | FRBT | 34520K105 | $5.1M | 1.28% | 280,309 | SH |
| 12 | ISHARES TR | EEM | 464287234 | $2.8M | 0.69% | 40,400 | SH |
| 13 | CARLYLE SECURED LENDING INC | CGBD | 872280102 | $2.2M | 0.54% | 207,319 | SH |
| 14 | XERIS BIOPHARMA HOLDINGS INC | XERS | 98422E103 | $2.1M | 0.52% | 263,158 | SH |
| 15 | BARINGS BDC INC | BBDC | 06759L103 | $1.1M | 0.27% | 126,753 | SH |
| 16 | CARVANA CO | CVNA | 146869102 | $613.8K | 0.15% | 9,325 | SH |
| 17 | TOAST INC | TOST | 888787108 | $266.8K | 0.07% | 9,591 | SH |
| 18 | RUBRIK INC. | RBRK | 781154109 | $255.6K | 0.06% | 3,184 | SH |
| 19 | NU HLDGS LTD | NU | G6683N103 | $126.7K | 0.03% | 9,485 | SH |
| 20 | OSCAR HEALTH INC | OSCR | 687793109 | $126.4K | 0.03% | 4,431 | SH |
| 21 | INVESCO EXCH TRADED FD TR II | BKLN | 46138G508 | $120.2K | 0.03% | 5,902 | SH |
| 22 | ISHARES TR | IEFA | 46432F842 | $100.1K | 0.02% | 1,036 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-12 | $401.7M | 22 | 0001104659-26-094702 |
| 2026-03-31 | 2026-05-13 | $377.4M | 20 | 0001104659-26-059985 |
| 2025-12-31 | 2026-02-12 | $476.4M | 22 | 0001104659-26-014313 |
| 2025-09-30 | 2025-11-13 | $474.7M | 22 | 0001104659-25-111024 |