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Cliffwater LLC — 13F Holdings & Portfolio

CIK 1659851 · latest 13F-HR filed 2026-05-13

Backtest portfolio

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.

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AUM

$377.4M

Long-equity book

Holdings

20

Distinct positions

Period

2026-03-31

Filed 2026-05-13

Q/Q Activity

+0 / −2 / ↑0 / ↓10

vs 2025-12-31

Firm Profile & Key People
Name Title / Status Ownership Type

Top Adds (vs prior quarter)

  • No increased positions.
Show all 0 →

Top Trims

  • BLUE OWL TECHNOLOGY FIN CORP-$12.7M -14.8%
  • VANGUARD INDEX FDS-$12.2M -10.5%
  • SPDR S&P 500 ETF TR-$1.3M -16.0%
  • CARLYLE SECURED LENDING INC-$321.3K -12.4%
  • CARVANA CO-$200.7K -25.5%
Show all 10 →

New Positions

  • No new positions this quarter.
Show all 0 →

Exited Positions

  • ISHARES TR$70.4M
  • ISHARES TR$298.6K
Show all 2 →
All Holdings

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 $103.2M 27.34% 321,612 SH
2 BLUE OWL TECHNOLOGY FIN CORP OTF 095924106 $73.2M 19.40% 5,908,955 SH
3 VANGUARD SCOTTSDALE FDS VTHR 92206C599 $59.1M 15.66% 205,503 SH
4 VANGUARD TAX-MANAGED FDS VEA 921943858 $49.4M 13.08% 770,181 SH
5 VANGUARD SCOTTSDALE FDS VGIT 92206C706 $46.0M 12.18% 772,030 SH
6 VANGUARD INTL EQUITY INDEX F VWO 922042858 $11.3M 2.98% 208,320 SH
7 CVB FINL CORP CVBF 126600105 $8.0M 2.12% 412,247 SH
8 VANGUARD SCOTTSDALE FDS VCSH 92206C409 $7.1M 1.88% 89,515 SH
9 SPDR S&P 500 ETF TR SPY 78462F103 $7.0M 1.85% 10,752 SH
10 VANGUARD INDEX FDS VNQ 922908553 $6.2M 1.64% 69,923 SH
11 ISHARES TR EEM 464287234 $2.3M 0.61% 40,400 SH
12 CARLYLE SECURED LENDING INC CGBD 872280102 $2.3M 0.60% 207,319 SH
13 BARINGS BDC INC BBDC 06759L103 $1.0M 0.28% 126,753 SH
14 CARVANA CO CVNA 146869102 $586.3K 0.16% 1,865 SH
15 TOAST INC TOST 888787108 $254.3K 0.07% 9,591 SH
16 RUBRIK INC. RBRK 781154109 $155.9K 0.04% 3,184 SH
17 NU HLDGS LTD NU G6683N103 $136.3K 0.04% 9,485 SH
18 INVESCO EXCH TRADED FD TR II BKLN 46138G508 $120.5K 0.03% 5,902 SH
19 ISHARES TR IEFA 46432F842 $93.8K 0.02% 1,036 SH
20 OSCAR HEALTH INC OSCR 687793109 $50.8K 0.01% 4,431 SH
Filing History
Period Filed AUM Holdings Accession
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