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, Q3 2025
Institutional positions in Morgan Stanley Direct Lending Fund as of Sep 30, 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
- 118
- +8 vs. Q2 2025
- Shares held
- 31.4M
- +3.57M (+12.8%) vs. Q2 2025
- Total value
- $504.7M
- −$15.9M (−3.1%) vs. Q2 2025
- New holders
- 23
- 48 more added
- Sold out
- 15
- 35 more reduced
Compare with Q2 2025: 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, Q3 2025
Shares, value and share of portfolio for each institution holding Morgan Stanley Direct Lending Fund; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Morgan Stanley | 15,903,143 | $255.7M | 0.02% | +289,182+1.9% | Added |
| Van Eck Associates Corp | 1,967,697 | $31.6M | 0.03% | +48,248+2.5% | Added |
| Generali Asset Management SPA SGR | 1,829,964 | $29.4M | 0.63% | +68,014+3.9% | Added |
| Rivernorth Capital Management, LLC | 989,127 | $15.9M | 0.91% | +781,955+377.4% | Added |
| UBS Group AG | 964,299 | $15.5M | 0.00% | +143,471+17.5% | Added |
| Muzinich & Co., Inc. | 584,621 | $9.40M | 3.64% | +128,990+28.3% | Added |
| Toronto Dominion Bank | 565,621 | $9.10M | 0.02% | +565,621 | New |
| Marshall Wace, LLP | 543,182 | $8.73M | 0.01% | +450,681+487.2% | Added |
| Americana Partners, LLC | 538,983 | $8.67M | 0.26% | +160,829+42.5% | Added |
| Renaissance Technologies LLC | 522,788 | $8.41M | 0.01% | +487,168+1,367.7% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 505,062 | $8.12M | 0.00% | +134,303+36.2% | Added |
| Franklin Resources Inc | 374,761 | $6.03M | 0.00% | +24,637+7.0% | Added |
| Wells Fargo & Company | 356,636 | $5.73M | 0.00% | +42,568+13.6% | Added |
| Millennium Management LLC | 351,471 | $5.65M | 0.00% | −1,060−0.3% | Reduced |
| Two Sigma Investments, LP | 341,312 | $5.49M | 0.01% | +188,113+122.8% | Added |
| TT Capital Management LLC | 297,559 | $4.78M | 3.66% | +59,797+25.1% | Added |
| SFMG, LLC | 259,345 | $4.17M | 0.29% | +900+0.3% | Added |
| Trexquant Investment LP | 236,752 | $3.81M | 0.04% | +95,258+67.3% | Added |
| Raymond James Financial Inc | 213,619 | $3.43M | 0.00% | +2,578+1.2% | Added |
| Hennion & Walsh Asset Management, Inc. | 198,538 | $3.19M | 0.12% | +48,395+32.2% | Added |
| Neuberger Berman Group LLC | 185,206 | $2.98M | 0.00% | −76,561−29.2% | Reduced |
| Balyasny Asset Management LLC | 175,727 | $2.83M | 0.01% | +85,831+95.5% | Added |
| Naviter Wealth, LLC | 161,329 | $2.67M | 0.31% | −18,996−10.5% | Reduced |
| Goldman Sachs Group Inc | 157,866 | $2.54M | 0.00% | +119,500+311.5% | Added |
| Centiva Capital, LP | 150,958 | $2.43M | 0.23% | +150,958 | New |
| Stifel Financial Corp | 139,425 | $2.24M | 0.00% | +9,436+7.3% | Added |
| Activest Wealth Management | 125,287 | $2.01M | 0.41% | −46,275−27.0% | Reduced |
| Shikiar Asset Management Inc | 120,900 | $1.94M | 0.49% | −38,200−24.0% | Reduced |
| LPL Financial LLC | 120,700 | $1.94M | 0.00% | −50,754−29.6% | Reduced |
| Adams Asset Advisors, LLC | 109,633 | $1.76M | 0.23% | +19,117+21.1% | Added |
| Rockefeller Capital Management L.P. | 97,857 | $1.57M | 0.00% | +23,380+31.4% | Added |
| Jane Street Group, LLC | 95,225 | $1.53M | 0.00% | −43,560−31.4% | Reduced |
| Two Sigma Advisers, LP | 91,800 | $1.48M | 0.00% | +53,700+140.9% | Added |
| Bank of America Corp | 84,530 | $1.36M | 0.00% | −12,403−12.8% | Reduced |
| Royal Bank of Canada | 74,861 | $1.20M | 0.00% | −84,833−53.1% | Reduced |
| Denali Advisors LLC | 71,968 | $1.16M | 0.13% | −14,613−16.9% | Reduced |
| Citadel Advisors LLC | 70,909 | $1.14M | 0.00% | +3,236+4.8% | Added |
| Confluence Investment Management LLC | 70,848 | $1.14M | 0.02% | −16,095−18.5% | Reduced |
| Legacy Capital Wealth Partners, LLC | 70,827 | $1.14M | 0.25% | −264−0.4% | Reduced |
| Invesco Ltd. | 68,369 | $1.10M | 0.00% | +17,869+35.4% | Added |
| Fountainhead AM, LLC | 59,064 | $949.7K | 0.12% | −167−0.3% | Reduced |
| LM Advisors LLC | 55,784 | $925.0K | 0.13% | −1,058−1.9% | Reduced |
| Cubist Systematic Strategies, LLC | 54,973 | $884.0K | 0.01% | −57,034−50.9% | Reduced |
| BI Asset Management Fondsmaeglerselskab A/S | 53,885 | $866.0K | 0.01% | +25,040+86.8% | Added |
| Truist Financial Corp | 52,073 | $837.3K | 0.00% | +11,878+29.6% | Added |
| Quadrature Capital Ltd | 50,699 | $814.7K | 0.01% | +50,699 | New |
| Marex Group plc | 49,601 | $797.6K | 0.01% | +49,601 | New |
| Captrust Financial Advisors | 49,345 | $793.5K | 0.00% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 46,403 | $746.2K | 0.00% | +24,881+115.6% | Added |
| Zuckerman Investment Group, LLC | 46,000 | $739.7K | 0.07% | +2,000+4.5% | Added |
| Ameriprise Financial Inc | 43,453 | $698.7K | 0.00% | −132−0.3% | Reduced |
| Commonwealth Equity Services, LLC | 42,778 | $688.0K | 0.00% | +13,976+48.5% | Added |
| Quest Partners LLC | 40,105 | $644.9K | 0.04% | +40,105 | New |
| Advisor Group Holdings, Inc. | 35,843 | $607.9K | 0.00% | +2,698+8.1% | Added |
| Dynamic Technology Lab Private Ltd | 32,323 | $520.0K | 0.09% | +15,532+92.5% | Added |
| Steward Partners Investment Advisory, LLC | 32,119 | $516.5K | 0.00% | +28,869+888.3% | Added |
| Cetera Investment Advisers | 30,940 | $497.5K | 0.00% | +4,760+18.2% | Added |
| Virtus Investment Advisers, Inc. | 30,302 | $487.3K | 0.14% | +9,922+48.7% | Added |
| Pathstone Holdings, LLC | 29,858 | $482.6K | 0.00% | −7,376−19.8% | Reduced |
| Squarepoint Ops LLC | 29,899 | $480.8K | 0.00% | −4,813−13.9% | Reduced |
| Northern Trust Corp | 27,652 | $444.6K | 0.00% | −2,502−8.3% | Reduced |
| Aquatic Capital Management LLC | 27,082 | $435.5K | 0.01% | +27,082 | New |
| Obermeyer Wood Investment Counsel, LLLP | 26,000 | $418.1K | 0.02% | +26,000 | New |
| Eagle Global Advisors LLC | 25,800 | $414.9K | 0.02% | 00.0% | Unchanged |
| Everpar Advisors LLC | 25,130 | $404.1K | 0.16% | −3,479−12.2% | Reduced |
| TrueMark Investments, LLC | 24,976 | $401.6K | 0.07% | +24,976 | New |
| Kovitz Investment Group Partners, LLC | 24,392 | $394.7K | 0.00% | +6,369+35.3% | Added |
| Fiduciary Group LLC | 24,355 | $391.6K | 0.03% | +13,726+129.1% | Added |
| Nordwand Advisors, LLC | 24,336 | $391.3K | 0.06% | 00.0% | Unchanged |
| Brevan Howard Capital Management LP | 24,309 | $390.9K | 0.01% | −5,097−17.3% | Reduced |
| Beacon Pointe Advisors, LLC | 23,500 | $377.9K | 0.00% | +23,500 | New |
| Clearstead Advisors, LLC | 23,386 | $376.0K | 0.01% | 00.0% | Unchanged |
| Oppenheimer & Co Inc | 23,080 | $371.1K | 0.00% | +4,867+26.7% | Added |
| JPMorgan Chase & Co | 22,674 | $364.6K | 0.00% | −51,049−69.2% | Reduced |
| Sanctuary Advisors, LLC | 20,767 | $333.9K | 0.00% | −195−0.9% | Reduced |
| Generali Investments CEE, investicni spolecnost, a.s. | 20,722 | $333.2K | 0.03% | −1,200−5.5% | Reduced |
| Lido Advisors, LLC | 19,478 | $322.5K | 0.00% | −7,934−28.9% | Reduced |
| Envestnet Asset Management Inc | 18,707 | $300.8K | 0.00% | +460+2.5% | Added |
| Global Strategic Investment Solutions, LLC | 18,360 | $295.2K | 0.03% | +1,126+6.5% | Added |
| National Bank of Canada | 16,800 | $270.0K | 0.00% | +11,700+229.4% | Added |
| Icon Wealth Advisors, LLC | 16,422 | $264.1K | 0.02% | +416+2.6% | Added |
| Sciencast Management LP | 14,736 | $237.0K | 0.04% | +3,500+31.1% | Added |
| Opal Wealth Advisors, LLC | 14,630 | $235.3K | 0.07% | −3,214−18.0% | Reduced |
| Guggenheim Capital LLC | 14,541 | $233.8K | 0.00% | +14,541 | New |
| Mercer Global Advisors Inc | 14,539 | $233.8K | 0.00% | 00.0% | Unchanged |
| Gsa Capital Partners LLP | 14,116 | $227.0K | 0.02% | +14,116 | New |
| MQS Management LLC | 14,096 | $226.7K | 0.13% | −15,636−52.6% | Reduced |
| AQR Capital Management LLC | 14,026 | $225.5K | 0.00% | +14,026 | New |
| Sapient Capital LLC | 12,987 | $223.1K | 0.00% | +12,987 | New |
| Cowa, LLC | 13,436 | $216.1K | 0.07% | 00.0% | Unchanged |
| Quantbot Technologies LP | 12,726 | $204.6K | 0.01% | +6,432+102.2% | Added |
| Gilbert & Cook, Inc. | 12,131 | $195.1K | 0.03% | 00.0% | Unchanged |
| Promus Capital, LLC | 12,000 | $193.0K | 0.12% | 00.0% | Unchanged |
| Samalin Investment Counsel, LLC | 10,977 | $176.5K | 0.06% | −570−4.9% | Reduced |
| Elevate Capital Advisors, LLC | 10,773 | $173.2K | 0.12% | +10,773 | New |
| Simplex Trading, LLC | 9,634 | $154.0K | 0.00% | −3,188−24.9% | Reduced |
| Federation des caisses Desjardins du Quebec | 5,021 | $80.7K | 0.00% | −224−4.3% | Reduced |
| BNP Paribas Arbitrage, SA | 4,800 | $77.2K | 0.00% | −11,166−69.9% | Reduced |
| Keystone Financial Group | 4,480 | $72.0K | 0.01% | +4,480 | New |
| US Bancorp | 3,707 | $59.6K | 0.00% | +1,417+61.9% | Added |