Cliffwater LLC
CIK
1659851
Location
MARINA DEL REY, CA
Portfolio Value
Micro
$92,223,684
Diversification
Highly concentrated
Filing Date
Global Rank
#5,855
/ 8,603
▼ 123
· as of Mar 2026
Top Industry
Asset Management
89.8%
3Y Alpha vs SPY
-20.2%
Period ended 3 months ago
Filed May 13, 2026 · 57d
25 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
-2.0%
SPY
+76.0%
Annualised alpha
-21.4%
Max drawdown
−22.4%
Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.
Portfolio Concentration
10 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
79.4%
−1.2 pts
Top 5
99.2%
+0.1 pts
Top 10
100.0%
0.0 pts
HHI
6,442
Highly concentrated−171
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 91.8% | $84,652,966 |
| Unclassified | 7.6% | $6,992,455 |
| Technology | 0.4% | $410,177 |
| Consumer Cyclical | 0.1% | $117,263 |
| Healthcare | 0.1% | $50,823 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNo qualifying positions this quarter.
Trimmed
Positions the filer reduced
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SPY | Spdr S&P 500 ETF Trust | −1,452 | 10,752 | $6,992,455 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exitedNo qualifying positions this quarter.
10 positions ·
$92,223,684 total
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| OTF |
Blue Owl Technology Finance Corp.
Financial Services
|
Held | 5,908,955 | $73,211,952 | 79.39% | |
| CVBF |
Cvb Financial Corp
Financial Services
|
Held | 412,247 | $7,993,469 | 8.67% | |
| SPY |
Spdr S&P 500 ETF Trust
|
Reduced | 10,752 | $6,992,455 | 7.58% | |
| CGBD |
Carlyle Secured Lending, Inc.
Financial Services
|
Held | 207,319 | $2,268,069 | 2.46% | |
| BBDC |
Barings BDC, Inc.
Financial Services
|
Held | 126,753 | $1,043,177 | 1.13% | |
| TOST |
Toast, Inc.
Technology
|
Held | 9,591 | $254,257 | 0.28% | |
| RBRK |
Rubrik, Inc.
Technology
|
Held | 3,184 | $155,920 | 0.17% | |
| NU |
Nu Holdings Ltd.
Financial Services
|
Held | 9,485 | $136,299 | 0.15% | |
| CVNA |
Carvana Co.
Consumer Cyclical
|
Held | 1,865 | $117,263 | 0.13% | |
| OSCR |
Oscar Health, Inc.
Healthcare
|
Held | 4,431 | $50,823 | 0.06% |