greeksoup/ stock research
Stock research / United States / Funds / Cliffwater LLC

Cliffwater LLC

CIK 1659851 · latest 13F filed 12 August 2026 · Read the filing on EDGAR

Cliffwater LLC reported 22 US-listed holdings worth $401.7 million in its 13F for the quarter ended 30 June 2026, filed 12 August 2026. Its largest: VG Totl STK Vprs (28.3%), Vanguard Scottsdale FDS (17.6%) and Blue Owl Technology Fin Corp. (15.2%). Against the quarter before, it opened 2 positions, added to 1, trimmed 3 and sold out of 0.

Reported holdings$401.7M+6.4% on Q1 2026
Positions22+2 on Q1 2026
The largest ten96.3%of its reported holdings
Latest 13FQ2 2026filed 12 August 2026
Where the money is
OpenedAdded toHeldTrimmed
VTI28.3%VGIT17.6%OTF15.2%VEA13.6%VTHR10.7%VWO3.1%CVBF2.3%SPY2.0%VCSH1.8%VNQ1.7%FRBT1.3%EEM0.7%8 more0.7%

The 14 largest of its 22 positions, each sized by its share of the reported holdings, coloured by the change in shares against Q1 2026.

Reported holdings, quarter by quarter
Q3 2024: $432.4 million in 23 positions$432MQ3 24Q4 2024: $408.7 million in 19 positions$409MQ4 24Q1 2025: $382.5 million in 23 positions$383MQ1 25Q2 2025: $486.3 million in 24 positions$486MQ2 25Q3 2025: $474.7 million in 22 positions$475MQ3 25Q4 2025: $476.4 million in 22 positions$476MQ4 25Q1 2026: $377.4 million in 20 positions$377MQ1 26Q2 2026: $401.7 million in 22 positions$402MQ2 26

What the fund reported holding at each quarter's end; hover a bar for the number of positions

What its reported holdings returned

Held through each quarter, the holdings it reported returned +11.1% over the 7 quarters to 30 June 2026, against +30.2% for the S&P 500.

Its reported holdingsThe S&P 500
100110120130Q3 24Q4 24Q1 25Q2 25Q3 25Q4 25Q1 26Q2 26Its holdings +11.1%S&P 500 +30.2%

Not the fund's own return: each 13F's holdings are kept unchanged until the next one, so trades inside a quarter, dividends, cash and fees are left out. A rough guide to how its picks have done over time.

What it did on the quarter

Opened 2Added 1Held 16Trimmed 3
Opened: 2Added: 1Held: 16Trimmed: 3

Its positions against its 13F for the quarter to 31 March 2026; a change under 0.1% of a position counts as held

Opened 2

  1. Forbright Inc. FRBT$5.1 million
  2. Xeris Biopharma Holdings Inc. XERS$2.1 million

Added to 1

  1. Vanguard Scottsdale FDS VGIT+428,497 shares · +56%

Trimmed 3

  1. Vanguard Scottsdale FDS VTHR-76,188 shares · -37%
  2. VG Totl STK Vprs VTI-14,527 shares · -5%
  3. Vanguard Ftse Developed Markets VEA-1,300 shares · -0%

What it holds

CompanySharesValueOf its bookChange in shares
VG Totl STK Vprs VTI307.1K$113.6 million28.29%-14.5K
Vanguard Scottsdale FDS VGIT1.2M$70.8 million17.63%+428.5K
Blue Owl Technology Fin Corp. OTF5.9M$61.2 million15.23%no change
Vanguard Ftse Developed Markets VEA768.9K$54.8 million13.64%-1.3K
Vanguard Scottsdale FDS VTHR129.3K$42.9 million10.67%-76.2K
Vanguard Ftse Emerging Markets VWO208.3K$12.4 million3.10%no change
CVB Financial Corp. CVBF412.2K$9.3 million2.31%no change
SPDR S&P 500 SPY10.8K$8.0 million2.00%no change
Vanguard Short-Term Corp. BD Idx VCSH89.5K$7.1 million1.76%no change
Vanguard Real Estate ETF VNQ69.9K$6.7 million1.68%no change
Forbright Inc. FRBT280.3K$5.1 million1.28%new
iShares Trust EEM40.4K$2.8 million0.69%no change
Carlyle Secured Lending Inc. CGBD207.3K$2.2 million0.54%no change
Xeris Biopharma Holdings Inc. XERS263.2K$2.1 million0.52%new
Barings BDC Inc. BBDC126.8K$1.1 million0.27%no change
Carvana Co. CVNA9.3K$613,7720.15%no change
Toast, Inc. TOST9.6K$266,8220.07%no change
Rubrik Inc. RBRK3.2K$255,6120.06%no change
Nu Holdings Ltd. NU9.5K$126,7200.03%no change
Oscar Health Inc. Class A OSCR4.4K$126,3720.03%no change
Invesco Exch Traded FD Trust II BKLN5.9K$120,2240.03%no change
iShares Core MSCI Eafe ETF IEFA1.0K$100,0570.02%no change
Every US-listed position in the fund's 13F for the quarter ended 30 June 2026, by the value it reported.
Read moreChange is shares against its 13F for the quarter before.