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, Q4 2025
Institutional positions in Morgan Stanley Direct Lending Fund as of Dec 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
- 134
- +20 vs. Q3 2025
- Shares held
- 36.3M
- +5.00M (+16.0%) vs. Q3 2025
- Total value
- $598.3M
- +$94.8M (+18.8%) vs. Q3 2025
- New holders
- 42
- 43 more added
- Sold out
- 22
- 37 more reduced
4 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Morgan Stanley Direct Lending Fund; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Raymond James Financial Inc | 175,306 | $2.89M | 0.00% | −38,313−17.9% | Reduced |
| JPMorgan Chase & Co | 178,273 | $2.94M | 0.00% | +155,599+686.2% | Added |
| Point72 Asset Management, L.P. | 178,897 | $2.95M | 0.00% | +178,897 | New |
| Cullen/Frost Bankers, Inc. | 184,080 | $3.03M | 0.03% | +184,080 | New |
| Activest Wealth Management | 195,621 | $3.22M | 0.60% | +70,334+56.1% | Added |
| Fosun International Ltd | 221,872 | $3.66M | 0.85% | +221,872 | New |
| Citadel Advisors LLC | 230,300 | $3.80M | 0.00% | +159,391+224.8% | Added |
| SFMG, LLC | 238,045 | $3.92M | 0.26% | −21,300−8.2% | Reduced |
| Russell Investments Group, Ltd. | 242,417 | $4.00M | 0.00% | +242,417 | New |
| Two Sigma Advisers, LP | 249,400 | $4.11M | 0.01% | +157,600+171.7% | Added |
| Hennion & Walsh Asset Management, Inc. | 258,929 | $4.27M | 0.15% | +60,391+30.4% | Added |
| Millennium Management LLC | 268,646 | $4.43M | 0.00% | −82,825−23.6% | Reduced |
| Closed-End Fund Advisors, Inc. | 291,456 | $4.80M | 2.84% | +291,456 | New |
| TT Capital Management LLC | 302,946 | $4.99M | 3.98% | +5,387+1.8% | Added |
| Truffle Hound Capital, LLC | 320,000 | $5.27M | 3.09% | +320,000 | New |
| Liberty Mutual Group Asset Management Inc. | 359,773 | $5.93M | 0.56% | +359,773 | New |
| Franklin Resources Inc | 371,094 | $6.12M | 0.00% | −3,667−1.0% | Reduced |
| HRT Financial LP | 394,241 | $6.50M | 0.02% | +394,241 | New |
| Wells Fargo & Company | 408,416 | $6.73M | 0.00% | +51,780+14.5% | Added |
| Jane Street Group, LLC | 423,165 | $6.97M | 0.01% | +327,940+344.4% | Added |
| Trexquant Investment LP | 448,097 | $7.38M | 0.07% | +211,345+89.3% | Added |
| American Financial Group Inc | 531,500 | $8.76M | 3.18% | +531,500 | New |
| Americana Partners, LLC | 551,776 | $9.09M | 0.25% | +12,793+2.4% | Added |
| Sumitomo Mitsui Trust Holdings, Inc. | 558,113 | $9.20M | 0.01% | +53,051+10.5% | Added |
| Altshuler Shaham Ltd | 650,437 | $10.7M | 0.16% | +650,437 | New |
| Toronto Dominion Bank | 713,641 | $11.8M | 0.02% | +148,020+26.2% | Added |
| Rivernorth Capital Management, LLC | 764,543 | $12.6M | 0.60% | −224,584−22.7% | Reduced |
| Muzinich & Co., Inc. | 766,451 | $12.6M | 3.97% | +181,830+31.1% | Added |
| Two Sigma Investments, LP | 844,770 | $13.9M | 0.02% | +503,458+147.5% | Added |
| UBS Group AG | 1,668,693 | $27.5M | 0.01% | +704,394+73.0% | Added |
| Generali Asset Management SPA SGR | 1,829,964 | $30.2M | 0.62% | 00.0% | Unchanged |
| Van Eck Associates Corp | 1,840,835 | $30.3M | 0.03% | −126,862−6.4% | Reduced |
| Morgan Stanley | 15,876,336 | $261.6M | 0.02% | −26,807−0.2% | Reduced |
| LM Advisors LLC | 1,268 | – | – | −54,516−97.7% | Reduced |
| Marshall Wace, LLP | 0 | $0 | 0.00% | −543,182−100.0% | Sold out |
| Zuckerman Investment Group, LLC | 0 | $0 | 0.00% | −46,000−100.0% | Sold out |
| Dynamic Technology Lab Private Ltd | 0 | $0 | 0.00% | −32,323−100.0% | Sold out |
| Obermeyer Wood Investment Counsel, LLLP | 0 | $0 | 0.00% | −26,000−100.0% | Sold out |
| Eagle Global Advisors LLC | 0 | $0 | 0.00% | −25,800−100.0% | Sold out |
| Kovitz Investment Group Partners, LLC | 0 | $0 | 0.00% | −24,392−100.0% | Sold out |
| Nordwand Advisors, LLC | 0 | $0 | 0.00% | −24,336−100.0% | Sold out |
| Brevan Howard Capital Management LP | 0 | $0 | 0.00% | −24,309−100.0% | Sold out |
| Opal Wealth Advisors, LLC | 0 | $0 | 0.00% | −14,630−100.0% | Sold out |
| Gsa Capital Partners LLP | 0 | $0 | 0.00% | −14,116−100.0% | Sold out |
| MQS Management LLC | 0 | $0 | 0.00% | −14,096−100.0% | Sold out |
| Samalin Investment Counsel, LLC | 0 | $0 | 0.00% | −10,977−100.0% | Sold out |
| Elevate Capital Advisors, LLC | 0 | $0 | 0.00% | −10,773−100.0% | Sold out |
| Simplex Trading, LLC | 0 | $0 | 0.00% | −9,634−100.0% | Sold out |
| Keystone Financial Group | 0 | $0 | 0.00% | −4,480−100.0% | Sold out |
| US Bancorp | 0 | $0 | 0.00% | −3,707−100.0% | Sold out |
| State of Wyoming | 0 | $0 | 0.00% | −3,543−100.0% | Sold out |
| Ameritas Advisory Services, LLC | 0 | $0 | 0.00% | −3,388−100.0% | Sold out |
| Comerica Bank | 0 | $0 | 0.00% | −1,137−100.0% | Sold out |
| Wealthspire Advisors, LLC | 0 | $0 | 0.00% | −500−100.0% | Sold out |
| Barclays PLC | 0 | $0 | 0.00% | −222−100.0% | Sold out |
| Advisory Services Network, LLC | 0 | $0 | 0.00% | −142−100.0% | Sold out |
| Cubist Systematic Strategies, LLC | – | – | – | – | Not filed |
| Promus Capital, LLC | – | – | – | – | Not filed |
| Point72 Europe (London) LLP | – | – | – | – | Not filed |
| Point72 (DIFC) Ltd | – | – | – | – | Not filed |