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Cliffwater LLC

Q3 2025 · Filed 2025-11-13
Market Value
$475M
-2.4%
Holdings
24
-3
New Purchases
0
Added To
1
Closed
2
Reduced
6
Top 10 Concentration
97.0%
Turnover
8.3%

Top Buys (by % of Portfolio)

SymbolCur %Prior %Chg %Value
VTI 24.07% 21.89% +2.18% $114M
VTHR 14.63% 13.23% +1.40% $69M
ACWX 14.36% 13.14% +1.22% $68M
VGIT 9.76% 8.73% +1.03% $46M
VEA 9.72% 9.04% +0.68% $46M
VWO 2.38% 2.12% +0.26% $11M
SPY 1.71% 1.55% +0.16% $8M
VNQ 1.35% 1.28% +0.07% $6M
EEM 0.45% 0.40% +0.05% $2M
CVNA 0.15% 0.13% +0.02% $704K
IWM 0.06% 0.05% +0.01% $293K
NU 0.02% 0.02% +0.00% $88K
IEFA 0.02% 0.02% +0.00% $90K
BKLN 0.03% 0.03% +0.00% $124K

Top Sells (by % of Portfolio)

SymbolCur %Prior %Chg %Value
OTF 17.25% 20.94% -3.69% $82M
FBRT 0.00% 2.25% -2.25% $0
CGBD 0.55% 1.54% -1.00% $3M
VCSH 1.52% 1.58% -0.06% $7M
CVBF 1.64% 1.68% -0.04% $8M
PAY 0.00% 0.03% -0.03% $0
TOST 0.03% 0.04% -0.01% $163K
BBDC 0.23% 0.24% -0.00% $1M
RBRK 0.06% 0.06% -0.00% $262K
OSCR 0.02% 0.02% -0.00% $84K

Sector Allocation Over Time

Market Cap Concentration

TierHoldingsValueWeight
Mega Cap 3 $169M 35.5%
Large Cap 12 $143M 30.2%
Mid Cap 6 $159M 33.6%
Small Cap 3 $4M 0.8%

Portfolio Analytics

Avg Market Cap
$105.3B
Median Market Cap
$21.0B
Avg P/E
20.2
Median P/E
14.6
Avg Dividend Yield
0.06%
Avg Beta
1.01
# Stocks
11
# ETFs / Funds
13

Top Holdings (24 total)

# Symbol % Port Shares Value Avg Price Q/Q Value Chg Share Chg Chg % Status
1 VTI 24.07% 348,104 $114M $328.17 $8M -2,091 -0.6%
2 OTF 17.25% 5,923,955 $82M $13.82 -$20M -754,192 -11.3%
3 VTHR 14.63% 235,936 $69M $294.32 $5M
4 ACWX 14.36% 1,048,621 $68M $65.01 $4M
5 VGIT 9.76% 772,030 $46M $60.03 $4M +61,943 +8.7%
6 VEA 9.72% 770,181 $46M $59.92 $2M -941 -0.1%
7 VWO 2.38% 208,320 $11M $54.18 $969K -293 -0.1%
8 SPY 1.71% 12,204 $8M $666.18 $590K
9 CVBF 1.64% 412,247 $8M $18.91 -$363K
10 VCSH 1.52% 90,207 $7M $79.93 -$486K -6,605 -6.8%
11 VNQ 1.35% 69,923 $6M $91.42 $165K
12 CGBD 0.55% 207,319 $3M $12.50 -$5M -341,298 -62.2%
13 EEM 0.45% 40,400 $2M $53.40 $208K
14 BBDC 0.23% 126,753 $1M $8.76 -$48K
15 CVNA 0.15% 1,865 $704K $377.24 $75K
16 IWM 0.06% 1,213 $293K $241.96 $32K
17 RBRK 0.06% 3,184 $262K $82.25 -$23K
18 TOST 0.03% 4,476 $163K $36.51 -$35K
19 BKLN 0.03% 5,902 $124K $20.93 $59
20 IEFA 0.02% 1,036 $90K $87.31 $4K
21 NU 0.02% 5,472 $88K $16.01 $13K
22 OSCR 0.02% 4,431 $84K $18.93 -$11K
23 FBRT —% -$11M -1,022,788 -100.0% SOLD
24 PAY —% -$124K -3,789 -100.0% SOLD

Sold Out Positions

SymbolValue% Port
FBRT —%
PAY —%
View SEC EDGAR Filings for Cliffwater LLC →

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For informational purposes only. Not investment advice. Data sourced from SEC filings. Privacy Terms