Morgan Stanley Direct Lending Fund
MSDL- Exchange
- NYSE
- SEC CIK
- 0001782524
No open-market purchases or sales by Morgan Stanley Direct Lending Fund insiders were filed in the last 90 days; 140 institutions reported holding it in 13F filings for Q2 2026, worth $583.0M in total; no superinvestor holds it.
13F holders, Q1 2025
Institutional positions in Morgan Stanley Direct Lending Fund as of Mar 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works
- Institutional holders
- 97
- +16 vs. Q4 2024
- Shares held
- 25.7M
- +4.88M (+23.4%) vs. Q4 2024
- Total value
- $513.5M
- +$82.8M (+19.2%) vs. Q4 2024
- New holders
- 27
- 52 more added
- Sold out
- 11
- 12 more reduced
1 institution that held it in Q4 2024 haven't filed for Q1 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 2024: new holders, sold out and not filed yet
Holders and value by quarter
Institutions reporting MSDL on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 140 | $583.0M |
| Q1 2026 | 139 | $499.2M |
| Q4 2025 | 134 | $598.3M |
| Q3 2025 | 118 | $504.7M |
| Q2 2025 | 110 | $520.6M |
| Q1 2025 | 97 | $513.5M |
| Q4 2024 | 82 | $430.8M |
| Q3 2024 | 52 | $333.7M |
| Q2 2024 | 18 | $308.3M |
| Q1 2024 | 20 | $302.5M |
| Q4 2023 | 0 | $0 |
| Q3 2023 | 0 | $0 |
| Q2 2023 | 0 | $0 |
| Q1 2023 | 0 | $0 |
| Q4 2022 | 0 | $0 |
| Q3 2022 | 0 | $0 |
| Q2 2022 | 0 | $0 |
| Q1 2022 | 0 | $0 |
| Q4 2021 | 0 | $0 |
| Q3 2021 | 0 | $0 |
| Q2 2021 | 0 | $0 |
| Q1 2021 | 0 | $0 |
Institutions, Q1 2025
Shares, value and share of portfolio for each institution holding Morgan Stanley Direct Lending Fund; share changes are against Q4 2024.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Morgan Stanley | 15,421,438 | $307.8M | 0.02% | +2,247,485+17.1% | Added |
| Van Eck Associates Corp | 1,878,466 | $37.5M | 0.05% | −43,708−2.3% | Reduced |
| Generali Asset Management SPA SGR | 881,578 | $17.6M | 0.43% | +881,578 | New |
| UBS Group AG | 624,776 | $12.5M | 0.00% | +463,504+287.4% | Added |
| Americana Partners, LLC | 366,803 | $7.32M | 0.28% | +230,348+168.8% | Added |
| Franklin Resources Inc | 323,472 | $6.46M | 0.00% | +85,718+36.1% | Added |
| Wells Fargo & Company | 299,271 | $5.97M | 0.00% | +269,954+920.8% | Added |
| Citadel Advisors LLC | 276,350 | $5.52M | 0.01% | +345+0.1% | Added |
| SFMG, LLC | 256,815 | $5.13M | 0.40% | +118,195+85.3% | Added |
| Cliffwater LLC | 242,195 | $4.83M | 1.26% | −1,203,819−83.3% | Reduced |
| Neuberger Berman Group LLC | 241,555 | $4.82M | 0.00% | +210,363+674.4% | Added |
| Two Sigma Investments, LP | 239,299 | $4.78M | 0.01% | +239,299 | New |
| Muzinich & Co., Inc. | 212,700 | $4.25M | 2.60% | +108,199+103.5% | Added |
| Raymond James Financial Inc | 207,902 | $4.15M | 0.00% | +60,242+40.8% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 200,292 | $4.00M | 0.00% | +98,174+96.1% | Added |
| TT Capital Management LLC | 198,772 | $3.97M | 3.34% | +152,792+332.3% | Added |
| Millennium Management LLC | 198,684 | $3.97M | 0.00% | +173,292+682.5% | Added |
| Naviter Wealth, LLC | 174,314 | $3.60M | 0.44% | +12,753+7.9% | Added |
| Shikiar Asset Management Inc | 173,850 | $3.47M | 1.04% | +87,700+101.8% | Added |
| Black Swift Group, LLC | 170,655 | $3.41M | 0.77% | +146,185+597.4% | Added |
| Activest Wealth Management | 155,383 | $3.10M | 0.83% | −8,677−5.3% | Reduced |
| Royal Bank of Canada | 155,232 | $3.10M | 0.00% | +53,902+53.2% | Added |
| Stifel Financial Corp | 129,323 | $2.58M | 0.00% | +58,836+83.5% | Added |
| LPL Financial LLC | 121,646 | $2.43M | 0.00% | +65,482+116.6% | Added |
| Cubist Systematic Strategies, LLC | 121,471 | $2.42M | 0.03% | +68,730+130.3% | Added |
| Two Sigma Advisers, LP | 111,700 | $2.23M | 0.01% | +87,800+367.4% | Added |
| JPMorgan Chase & Co | 108,881 | $2.17M | 0.00% | −16,535−13.2% | Reduced |
| Grantham, Mayo, Van Otterloo & Co. LLC | 106,927 | $2.13M | 0.01% | +38,142+55.5% | Added |
| Balyasny Asset Management LLC | 100,781 | $2.01M | 0.01% | +82,075+438.8% | Added |
| MAI Capital Management | 99,317 | $1.98M | 0.02% | +62,842+172.3% | Added |
| Denali Advisors LLC | 89,262 | $1.78M | 0.20% | −3,574−3.8% | Reduced |
| Hennion & Walsh Asset Management, Inc. | 88,678 | $1.77M | 0.08% | +67,251+313.9% | Added |
| Schonfeld Strategic Advisors LLC | 85,874 | $1.71M | 0.01% | +85,874 | New |
| ASB Consultores, LLC | 80,310 | $1.60M | 1.04% | 00.0% | Unchanged |
| HRT Financial LP | 79,120 | $1.58M | 0.01% | −79,509−50.1% | Reduced |
| Legacy Capital Wealth Partners, LLC | 74,826 | $1.49M | 0.37% | +74,826 | New |
| Rockefeller Capital Management L.P. | 74,244 | $1.48M | 0.00% | +33,894+84.0% | Added |
| LM Advisors LLC | 72,757 | $1.45M | 0.26% | +51,107+236.1% | Added |
| Adams Asset Advisors, LLC | 62,992 | $1.26M | 0.17% | 00.0% | Unchanged |
| Fountainhead AM, LLC | 59,025 | $1.18M | 0.19% | +32,265+120.6% | Added |
| Captrust Financial Advisors | 48,465 | $967.4K | 0.00% | +16,479+51.5% | Added |
| Squarepoint Ops LLC | 47,377 | $945.6K | 0.00% | +36,313+328.2% | Added |
| Zuckerman Investment Group, LLC | 44,000 | $878.2K | 0.09% | +8,000+22.2% | Added |
| Bank of America Corp | 42,964 | $857.6K | 0.00% | +32,107+295.7% | Added |
| Ameriprise Financial Inc | 42,564 | $851.9K | 0.00% | +42,564 | New |
| Invesco Ltd. | 37,314 | $744.8K | 0.00% | +3,153+9.2% | Added |
| Gsa Capital Partners LLP | 36,098 | $721.0K | 0.07% | −4,899−11.9% | Reduced |
| Everpar Advisors LLC | 36,028 | $719.1K | 0.38% | +10,059+38.7% | Added |
| Pathstone Holdings, LLC | 35,553 | $712.1K | 0.00% | +35,553 | New |
| Advisor Group Holdings, Inc. | 34,643 | $691.5K | 0.00% | +30,154+671.7% | Added |
| Susquehanna International Group, LLP | 34,032 | $679.3K | 0.00% | +34,032 | New |
| HighTower Advisors, LLC | 32,752 | $653.7K | 0.00% | +5,635+20.8% | Added |
| Nordwand Advisors, LLC | 31,186 | $622.5K | 0.23% | +15,126+94.2% | Added |
| Sciencast Management LP | 30,230 | $603.4K | 0.14% | +30,230 | New |
| Entropy Technologies, LP | 29,058 | $580.0K | 0.06% | +10,073+53.1% | Added |
| Commonwealth Equity Services, LLC | 27,669 | $552.0K | 0.00% | +10,640+62.5% | Added |
| Confluence Investment Management LLC | 26,921 | $537.3K | 0.01% | +779+3.0% | Added |
| Eagle Global Advisors LLC | 25,800 | $515.0K | 0.02% | 00.0% | Unchanged |
| D.A. Davidson & Co. | 24,474 | $488.5K | 0.00% | +24,474 | New |
| Clearstead Advisors, LLC | 23,386 | $466.8K | 0.01% | +6,594+39.3% | Added |
| Truist Financial Corp | 23,247 | $464.0K | 0.00% | −3,981−14.6% | Reduced |
| Virtu Financial LLC | 23,080 | $461.0K | 0.03% | +23,080 | New |
| Generali Investments CEE, investicni spolecnost, a.s. | 21,922 | $437.6K | 0.04% | +21,922 | New |
| Opal Wealth Advisors, LLC | 21,908 | $437.3K | 0.13% | +6,803+45.0% | Added |
| BI Asset Management Fondsmaeglerselskab A/S | 21,624 | $432.0K | 0.00% | +16,624+332.5% | Added |
| Virtus Investment Advisers, Inc. | 21,135 | $421.9K | 0.11% | +21,135 | New |
| Bryn Mawr Trust Co | 20,000 | $399.2K | 0.01% | +7,500+60.0% | Added |
| ExodusPoint Capital Management, LP | 17,900 | $357.0K | 0.00% | −31,111−63.5% | Reduced |
| Simplex Trading, LLC | 17,904 | $357.0K | 0.01% | +9,840+122.0% | Added |
| Grimes & Company, Inc. | 17,873 | $356.7K | 0.01% | −4,160−18.9% | Reduced |
| Lido Advisors, LLC | 15,629 | $319.8K | 0.00% | +1,685+12.1% | Added |
| Creative Planning | 15,934 | $318.0K | 0.00% | +15,934 | New |
| Sanctuary Advisors, LLC | 15,918 | $317.7K | 0.00% | +2,355+17.4% | Added |
| Icon Wealth Advisors, LLC | 15,604 | $311.5K | 0.03% | +5,490+54.3% | Added |
| Renaissance Technologies LLC | 14,764 | $294.7K | 0.00% | −337,936−95.8% | Reduced |
| Cetera Investment Advisers | 14,257 | $284.6K | 0.00% | +14,257 | New |
| Cambridge Investment Research Advisors, Inc. | 13,722 | $274.0K | 0.00% | +13,722 | New |
| Cowa, LLC | 13,436 | $268.2K | 0.11% | +13,436 | New |
| Oppenheimer & Co Inc | 13,346 | $266.4K | 0.00% | +13,346 | New |
| Independent Financial Group, LLC | 12,900 | $257.5K | 0.01% | +12,900 | New |
| Kovitz Investment Group Partners, LLC | 12,585 | $251.2K | 0.00% | +12,585 | New |
| Gilbert & Cook, Inc. | 12,131 | $242.1K | 0.04% | +12,131 | New |
| Promus Capital, LLC | 12,000 | $239.5K | 0.18% | +12,000 | New |
| Northern Trust Corp | 11,841 | $236.3K | 0.00% | +11,841 | New |
| Samalin Investment Counsel, LLC | 11,348 | $226.5K | 0.09% | +274+2.5% | Added |
| Total Clarity Wealth Management, Inc. | 9,862 | $203.7K | 0.07% | 00.0% | Unchanged |
| Accredited Investors Inc. | 10,000 | $199.6K | 0.01% | +10,000 | New |
| Citigroup Inc | 5,430 | $108.4K | 0.00% | +391+7.8% | Added |
| State of Wyoming | 5,412 | $108.0K | 0.01% | +5,412 | New |
| Federation des caisses Desjardins du Quebec | 5,169 | $103.2K | 0.00% | +5,169 | New |
| Creative Financial Designs Inc | 3,555 | $71.0K | 0.01% | +3,555 | New |
| AdvisorNet Financial, Inc | 3,300 | $65.9K | 0.00% | +3,300 | New |
| Comerica Bank | 2,690 | $53.7K | 0.00% | +122+4.8% | Added |
| Allworth Financial LP | 1,606 | $31.1K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 1,298 | $25.9K | 0.00% | +486+59.9% | Added |
| The PNC Financial Services Group, Inc. | 1,240 | $24.8K | 0.00% | −23,484−95.0% | Reduced |
| Steward Partners Investment Advisory, LLC | 1,000 | $20.0K | 0.00% | 00.0% | Unchanged |
| D. E. Shaw & Co., Inc. | 0 | $0 | 0.00% | −131,395−100.0% | Sold out |
| Marshall Wace, LLP | 0 | $0 | 0.00% | −99,913−100.0% | Sold out |
| Envestnet Asset Management Inc | 0 | $0 | 0.00% | −62,491−100.0% | Sold out |