Cliffwater LLC

Q1 2026 13F-HR Holdings

Location
Marina Del Rey, CA
Holdings as of
3/31/2026
Date filed
5/13/2026
Form type
13F-HR
Num holdings
20
Total value ($000)
$377,360
Net value change ($000)
-99,030 (-20.8%)
New positions
0
Sold out positions
2
Turnover %
18.7%
Sector allocation + QoQ delta (equities-only)
Prev filing: 2/12/2026 Next filing: — SEC filing

Snapshot: Change Analysis

Compared to Q4 2025
Methodology: sector metrics are equities-only; instrument mix chart is ex-options; options exposure is shown separately. Why this matters.
Top Adds (Value $000, Stocks/ETFs)
VEA 1,240 2.6%
CVBF 325 4.2%
EEM 84 3.8%
VWO 61 0.5%
VNQ 15 0.2%
IEFA 1 1.1%
Top Reduces (Value $000, Stocks/ETFs)
ACWX -70,394 -100.0%
OTF -12,704 -14.8%
VTI -12,163 -10.5%
VTHR -2,622 -4.2%
SPY -1,330 -16.0%
CGBD -321 -12.4%
IWM -299 -100.0%
VGIT -294 -0.6%
CVNA -201 -25.5%
BBDC -121 -10.4%
Instrument mix + QoQ Δ (ex-options)
How this table is calculated: SEC VALUE ($000) is used as reported. For derivatives (PUT/CALL/WARRANT/RIGHT), SEC value represents reported underlying exposure, not premium cash paid/received. Column % is bucket-based: non-options share is calculated inside non-option total, options share is calculated inside options total. Details.
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Instrument:
Issuer Name Ticker Sector Industry Class History Value ($000) % Shares Shares Δ Shares Δ% Value Δ ($000) Value Δ% Principal Option Type