Cliffwater LLC
Fund of Funds
Cliffwater LLC is a Fund of Funds based in Marina Del Rey, CA led by Stephen Lane Nesbitt, reporting $35.1B in AUM as of Q3 2025 with 80% ETF concentration, 97% concentrated in top 10 holdings, and 24% allocation to VTI.
CEOStephen Lane Nesbitt
- Portfolio Value
- $474.7M
- Positions
- 22
- Top Holding
- VTI at 24.07%
- Last Reported
- Q3 2025
Top Holdings
Largest long holdings in Cliffwater LLC's portfolio (97% of total portfolio)
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| Holding | Sector | Position | Weight | Traded | Ownership |
|---|---|---|---|---|---|
ETF ETF | $114.2M | 24.07% | -$686.2K Sold | — 348.1K shares | |
Unknown Unknown | $81.9M | 17.25% | -$10.4M Sold | 1.27% 5.9M shares | |
ETF ETF | $69.4M | 14.63% | — | — 235.9K shares | |
ETF ETF | $68.2M | 14.36% | — | — 1.0M shares | |
ETF ETF | $46.3M | 9.76% | +$3.7M Bought | — 772.0K shares | |
ETF ETF | $46.1M | 9.72% | -$56.4K Sold | — 770.2K shares | |
ETF ETF | $11.3M | 2.38% | -$15.9K Sold | — 208.3K shares | |
ETF ETF | $8.1M | 1.71% | — | — 12.2K shares | |
Banks - Regional Financial Services | $7.8M | 1.64% | — | 0.30% 412.2K shares | |
ETF ETF | $7.2M | 1.52% | -$527.9K Sold | — 90.2K shares |
Changes
Portfolio activity, position movements, and quarter-over-quarter changes in Cliffwater LLC's latest filing
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Market Value
Q/Q Change
Net Flows % of MV
Turnover Ratio
New Purchases
Added To
Sold Out Of
Reduced Holdings
Increased Positions
| Position | Shares Δ |
|---|---|
+8.72% |
Decreased Positions
| Position | Shares Δ |
|---|---|
Sold | |
Sold | |
-62.21% | |
-11.29% | |
-6.82% |
Analytics
Portfolio insights and performance metrics for Cliffwater LLC
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