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 2026
Institutional positions in Morgan Stanley Direct Lending Fund as of Mar 31, 2026. 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
- 139
- +6 vs. Q4 2025
- Shares held
- 35.7M
- −549.0K (−1.5%) vs. Q4 2025
- Total value
- $499.2M
- −$99.1M (−16.6%) vs. Q4 2025
- New holders
- 27
- 48 more added
- Sold out
- 21
- 43 more reduced
1 institution that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q4 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, Q1 2026
Shares, value and share of portfolio for each institution holding Morgan Stanley Direct Lending Fund; share changes are against Q4 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Morgan Stanley | 15,874,362 | $221.6M | 0.01% | −1,9740.0% | Reduced |
| Generali Asset Management SPA SGR | 1,829,964 | $25.5M | 0.53% | 00.0% | Unchanged |
| UBS Group AG | 1,596,596 | $22.3M | 0.00% | −72,097−4.3% | Reduced |
| Van Eck Associates Corp | 1,433,977 | $20.0M | 0.02% | −406,858−22.1% | Reduced |
| Rivernorth Capital Management, LLC | 1,052,351 | $14.7M | 0.74% | +287,808+37.6% | Added |
| Two Sigma Investments, LP | 889,349 | $12.4M | 0.01% | +44,579+5.3% | Added |
| Muzinich & Co., Inc. | 767,802 | $10.7M | 3.75% | +1,351+0.2% | Added |
| Russell Investments Group, Ltd. | 721,949 | $10.1M | 0.01% | +479,532+197.8% | Added |
| Altshuler Shaham Ltd | 650,437 | $9.08M | 0.17% | 00.0% | Unchanged |
| American Financial Group Inc | 631,500 | $8.82M | 3.27% | +100,000+18.8% | Added |
| Toronto Dominion Bank | 622,212 | $8.69M | 0.02% | −91,429−12.8% | Reduced |
| DG Capital Management, LLC | 575,537 | $8.03M | 3.47% | +575,537 | New |
| Sumitomo Mitsui Trust Holdings, Inc. | 558,113 | $7.79M | 0.01% | 00.0% | Unchanged |
| Wells Fargo & Company | 542,796 | $7.58M | 0.00% | +134,380+32.9% | Added |
| Ares Management LLC | 412,000 | $5.75M | 0.38% | +312,000+312.0% | Added |
| Trexquant Investment LP | 409,326 | $5.71M | 0.04% | −38,771−8.7% | Reduced |
| TT Capital Management LLC | 332,467 | $4.64M | 3.83% | +29,521+9.7% | Added |
| Hennion & Walsh Asset Management, Inc. | 287,383 | $4.01M | 0.13% | +28,454+11.0% | Added |
| Millennium Management LLC | 276,026 | $3.85M | 0.00% | +7,380+2.7% | Added |
| HighTower Advisors, LLC | 265,284 | $3.70M | 0.00% | +265,284 | New |
| Americana Partners, LLC | 257,184 | $3.59M | 0.09% | −294,592−53.4% | Reduced |
| Fosun International Ltd | 240,374 | $3.36M | 0.84% | +18,502+8.3% | Added |
| SFMG, LLC | 208,725 | $2.91M | 0.20% | −29,320−12.3% | Reduced |
| Liberty Mutual Group Asset Management Inc. | 204,770 | $2.86M | 0.23% | −155,003−43.1% | Reduced |
| Activest Wealth Management | 204,723 | $2.86M | 0.50% | +9,102+4.7% | Added |
| XTX Topco Ltd | 191,913 | $2.68M | 0.05% | +110,314+135.2% | Added |
| Franklin Resources Inc | 186,811 | $2.61M | 0.00% | −184,283−49.7% | Reduced |
| Cullen/Frost Bankers, Inc. | 184,080 | $2.57M | 0.03% | 00.0% | Unchanged |
| Neuberger Berman Group LLC | 162,067 | $2.26M | 0.00% | −4,041−2.4% | Reduced |
| ExodusPoint Capital Management, LP | 160,332 | $2.24M | 0.02% | +160,332 | New |
| Point72 Asset Management, L.P. | 154,421 | $2.16M | 0.00% | −24,476−13.7% | Reduced |
| Jane Street Group, LLC | 151,464 | $2.11M | 0.00% | −271,701−64.2% | Reduced |
| Rockefeller Capital Management L.P. | 151,034 | $2.11M | 0.00% | +46,266+44.2% | Added |
| Naviter Wealth, LLC | 140,627 | $2.03M | 0.25% | +18,149+14.8% | Added |
| GraniteShares Advisors LLC | 142,844 | $1.99M | 1.44% | −16,340−10.3% | Reduced |
| BI Asset Management Fondsmaeglerselskab A/S | 133,731 | $1.87M | 0.02% | +3,980+3.1% | Added |
| Balyasny Asset Management LLC | 116,753 | $1.63M | 0.00% | +105,186+909.4% | Added |
| Adams Asset Advisors, LLC | 114,432 | $1.60M | 0.18% | +3,035+2.7% | Added |
| State Street Corp | 105,464 | $1.52M | 0.00% | +105,464 | New |
| Raymond James Financial Inc | 106,424 | $1.49M | 0.00% | −68,882−39.3% | Reduced |
| Shikiar Asset Management Inc | 104,600 | $1.46M | 0.42% | −25,900−19.8% | Reduced |
| Renaissance Technologies LLC | 101,429 | $1.42M | 0.00% | −32,071−24.0% | Reduced |
| P.A.W. Capital Corp | 99,200 | $1.34M | 1.08% | +99,200 | New |
| Stifel Financial Corp | 93,114 | $1.30M | 0.00% | −628−0.7% | Reduced |
| Goldman Sachs Group Inc | 88,847 | $1.24M | 0.00% | −71,668−44.6% | Reduced |
| Legacy Capital Wealth Partners, LLC | 86,033 | $1.20M | 0.25% | +9,051+11.8% | Added |
| Citadel Advisors LLC | 77,072 | $1.08M | 0.00% | −153,228−66.5% | Reduced |
| Steward Partners Investment Advisory, LLC | 75,048 | $1.05M | 0.01% | +6,644+9.7% | Added |
| LPL Financial LLC | 70,951 | $990.5K | 0.00% | −3,690−4.9% | Reduced |
| Pension & Wealth Management Advisors, Inc. | 69,195 | $966.0K | 0.29% | +63,735+1,167.3% | Added |
| Confluence Investment Management LLC | 67,321 | $939.8K | 0.01% | −4,835−6.7% | Reduced |
| Invesco Ltd. | 65,882 | $919.7K | 0.00% | +37,967+136.0% | Added |
| Lido Advisors, LLC | 59,423 | $836.4K | 0.00% | −4,191−6.6% | Reduced |
| Denali Advisors LLC | 57,757 | $806.3K | 0.09% | −36−0.1% | Reduced |
| Royal Bank of Canada | 57,089 | $797.0K | 0.00% | +9,937+21.1% | Added |
| Aquatic Capital Management LLC | 55,780 | $778.7K | 0.02% | −21,544−27.9% | Reduced |
| Cetera Investment Advisers | 53,782 | $750.8K | 0.00% | +13,706+34.2% | Added |
| Truist Financial Corp | 51,381 | $717.3K | 0.00% | +8,739+20.5% | Added |
| Captrust Financial Advisors | 49,695 | $693.7K | 0.00% | +350+0.7% | Added |
| Colony Group, LLC | 48,827 | $683.8K | 0.00% | +14,709+43.1% | Added |
| Hourglass Capital, LLC | 48,672 | $679.5K | 0.14% | +48,672 | New |
| Susquehanna International Group, LLP | 44,144 | $616.3K | 0.00% | −44,323−50.1% | Reduced |
| Closed-End Fund Advisors, Inc. | 42,841 | $598.1K | 0.61% | −248,615−85.3% | Reduced |
| Ameriprise Financial Inc | 36,974 | $516.2K | 0.00% | −3,543−8.7% | Reduced |
| Fiduciary Group LLC | 36,924 | $515.5K | 0.04% | +12,895+53.7% | Added |
| Dynamic Technology Lab Private Ltd | 36,564 | $510.4K | 0.08% | +36,564 | New |
| Squarepoint Ops LLC | 32,608 | $455.2K | 0.00% | +2,812+9.4% | Added |
| Beacon Pointe Advisors, LLC | 32,500 | $453.7K | 0.00% | −14,689−31.1% | Reduced |
| Commonwealth Equity Services, LLC | 30,554 | $426.5K | 0.00% | −3,562−10.4% | Reduced |
| Guggenheim Capital LLC | 30,229 | $422.0K | 0.00% | +12,908+74.5% | Added |
| Envestnet Asset Management Inc | 29,236 | $408.1K | 0.00% | +1,607+5.8% | Added |
| Entropy Technologies, LP | 28,732 | $401.1K | 0.02% | −474−1.6% | Reduced |
| Virtus Investment Advisers, Inc. | 28,292 | $395.0K | 0.11% | +2,011+7.7% | Added |
| Northern Trust Corp | 27,957 | $390.3K | 0.00% | 00.0% | Unchanged |
| Infrastructure Capital Advisors, LLC | 26,001 | $363.0K | 0.03% | +16,000+160.0% | Added |
| TrueMark Investments, LLC | 25,985 | $362.8K | 0.07% | +10,985+73.2% | Added |
| Marex Group plc | 25,000 | $349.0K | 0.00% | −46,050−64.8% | Reduced |
| NewGen Asset Management Ltd | 24,300 | $339.2K | 0.21% | +24,300 | New |
| Clearstead Advisors, LLC | 24,000 | $335.0K | 0.00% | 00.0% | Unchanged |
| National Bank of Canada | 23,766 | $331.7K | 0.00% | +4,521+23.5% | Added |
| Oppenheimer & Co Inc | 22,843 | $318.9K | 0.00% | 00.0% | Unchanged |
| Texas Yale Capital Corp. | 22,675 | $316.5K | 0.01% | +22,675 | New |
| JPMorgan Chase & Co | 22,354 | $315.4K | 0.00% | −155,919−87.5% | Reduced |
| Quantbot Technologies LP | 22,430 | $313.1K | 0.01% | −86,106−79.3% | Reduced |
| Global Strategic Investment Solutions, LLC | 21,460 | $299.6K | 0.03% | +166+0.8% | Added |
| Generali Investments CEE, investicni spolecnost, a.s. | 20,722 | $289.3K | 0.02% | 00.0% | Unchanged |
| Almitas Capital LLC | 20,000 | $279.2K | 0.06% | 00.0% | Unchanged |
| Pathstone Holdings, LLC | 19,207 | $270.4K | 0.00% | −15,845−45.2% | Reduced |
| Engineers Gate Manager LP | 18,915 | $264.1K | 0.00% | +18,915 | New |
| Icon Wealth Advisors, LLC | 17,412 | $262.7K | 0.02% | +519+3.1% | Added |
| Everpar Advisors LLC | 18,547 | $258.9K | 0.09% | 00.0% | Unchanged |
| Fountainhead AM, LLC | 17,742 | $247.7K | 0.22% | +522+3.0% | Added |
| DRW Securities, LLC | 17,679 | $246.8K | 0.01% | +6,970+65.1% | Added |
| Sanctuary Advisors, LLC | 17,669 | $246.7K | 0.00% | −855−4.6% | Reduced |
| Reicon Wealth Advisors, LLC | 17,349 | $242.2K | 0.19% | +4,380+33.8% | Added |
| Advisor Group Holdings, Inc. | 17,145 | $239.3K | 0.00% | −15,662−47.7% | Reduced |
| Eagle Global Advisors LLC | 16,915 | $236.1K | 0.01% | +16,915 | New |
| Clear Harbor Asset Management, LLC | 16,440 | $229.5K | 0.02% | +2,530+18.2% | Added |
| Cowa, LLC | 15,636 | $218.3K | 0.06% | +2,200+16.4% | Added |
| Cambridge Investment Research Advisors, Inc. | 15,444 | $216.0K | 0.00% | +15,444 | New |