Morgan Stanley Direct Lending Fund

Institutional holders · 13F as of Dec 31, 2025

Holder	Value ↓	Shares	% of shares
Morgan Stanley	$261.64M	15,876,336	18.88%
Generali Asset Management SPA SGR	$30.16M	1,829,964	2.18%
UBS Group AG	$27.50M	1,668,693	1.98%
Muzinich & Co., Inc.	$12.63M	766,451	0.91%
RIVERNORTH CAPITAL MANAGEMENT, LLC	$12.60M	764,543	0.91%
TWO SIGMA INVESTMENTS, LP	$12.42M	889,349	1.06%
TORONTO DOMINION BANK	$11.76M	713,641	0.85%
Sumitomo Mitsui Trust Group, Inc.	$9.20M	558,113	0.66%
Americana Partners, LLC	$9.09M	551,776	0.66%
Altshuler Shaham Ltd	$9.08M	650,437	0.77%
AMERICAN FINANCIAL GROUP INC	$8.82M	631,500	0.75%
Trexquant Investment LP	$7.38M	448,097	0.53%
JANE STREET GROUP, LLC	$6.97M	423,165	0.50%
WELLS FARGO & COMPANY/MN	$6.73M	408,416	0.49%
Franklin Resources, Inc.	$6.12M	371,094	0.44%
Liberty Mutual Group Asset Management Inc.	$5.93M	359,773	0.43%
ARES MANAGEMENT LLC	$5.75M	412,000	0.49%
Truffle Hound Capital, LLC	$5.27M	320,000	0.38%
TT Capital Management LLC	$4.99M	302,946	0.36%
Closed-End Fund Advisors, Inc.	$4.80M	291,456	0.35%
Hennion & Walsh Asset Management, Inc.	$4.27M	258,929	0.31%
TWO SIGMA ADVISERS, LP	$4.11M	249,400	0.30%
Russell Investments Group, Ltd.	$4.00M	242,417	0.29%
SFMG, LLC	$3.92M	238,045	0.28%
Millennium Management LLC	$3.85M	276,026	0.33%
Citadel Advisors LLC	$3.80M	230,300	0.27%
Fosun International Limited	$3.66M	221,872	0.26%
Activest Wealth Management	$3.22M	195,621	0.23%
CULLEN/FROST BANKERS, INC.	$3.03M	184,080	0.22%
Point72 Asset Management, L.P.	$2.95M	178,897	0.21%
JPMORGAN CHASE & CO	$2.94M	178,273	0.21%
RAYMOND JAMES FINANCIAL INC	$2.89M	175,306	0.21%
Naviter Wealth, LLC	$2.75M	176,534	0.21%
Neuberger Berman Group LLC	$2.74M	166,108	0.20%
THE GOLDMAN SACHS GROUP, INC.	$2.65M	160,515	0.19%
GraniteShares Advisors LLC	$2.62M	159,184	0.19%
Schonfeld Strategic Advisors LLC	$2.15M	130,312	0.15%
STATE STREET CORPORATION	$1.93M	124,279	0.15%
Quantbot Technologies LP	$1.79M	108,536	0.13%
Rockefeller Capital Management L.P.	$1.73M	104,768	0.12%
Balyasny Asset Management L.P.	$1.63M	116,753	0.14%
Adams Asset Advisors, LLC	$1.60M	114,432	0.14%
STIFEL FINANCIAL CORP	$1.54M	93,742	0.11%
SUSQUEHANNA INTERNATIONAL GROUP, LLP	$1.46M	88,467	0.11%
PENSION & WEALTH MANAGEMENT ADVISORS, INC.	$1.46M	96,296	0.11%
Renaissance Technologies LLC	$1.42M	101,429	0.12%
LPL Financial LLC	$1.39M	92,091	0.11%
XTX Topco Ltd	$1.34M	81,599	0.10%
Aquatic Capital Management LLC	$1.27M	77,324	0.09%
Legacy Capital Wealth Partners, LLC	$1.27M	76,982	0.09%