Cliffwater Corporate Lending Fund - Cliffwater Corporate Lending Fund Class I
US ˙ NASDAQ ˙ US1868542044
DIESES SYMBOL IST NICHT MEHR AKTIV

SecurityCCLFX / Cliffwater Corporate Lending Fund - Cliffwater Corporate Lending Fund Class I
InstitutionRelative Value Fund
Latest Disclosed Ownership886,904 shares
Latest Disclosed Value $ 9,596,305
Relative Value Fund reports 51.17% decrease in ownership of CCLFX / Cliffwater Corporate Lending Fund - Cliffwater Corporate Lending Fund Class I

On August 28, 2025 - Relative Value Fund filed a NPORT-P form disclosing ownership of 886,904 shares of Cliffwater Corporate Lending Fund - Cliffwater Corporate Lending Fund Class I (US:CCLFX) valued at $9,596,305 USD as of June 30, 2025. The entity filed a previous NPORT-P on May 29, 2025 disclosing 1,816,272 shares of Cliffwater Corporate Lending Fund - Cliffwater Corporate Lending Fund Class I. This represents a change in shares of -51.17% during the quarter. The current value of the position is $9,401,182 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2025-08-28 2025-06-30 NP Cliffwater Corporate Lending Fund - Class I US1868542044 886,904 -929,368 -51.17 9,596 -51.30 0.3424
2025-05-29 2025-03-31 NP Cliffwater Corporate Lending Fund - Class I US1868542044 1,816,272 0 0.00 19,707 2.17 0.7706
2025-03-03 2024-12-31 NP Cliffwater Corporate Lending Fund - Class I US1868542044 1,816,272 0 0.00 19,289 -2.84 0.8706
2024-11-27 2024-09-30 NP Cliffwater Corporate Lending Fund - Class I US1868542044 1,816,272 -928,505 -33.83 19,852 -33.83 0.9846
2024-08-28 2024-06-30 NP Cliffwater Corporate Lending Fund - Class I US1868542044 2,744,777 0 0.00 30,000 3.60 1.6947
2024-05-30 2024-03-31 NP Cliffwater Corporate Lending Fund - Class I US1868542044 2,744,777 187,793 7.34 28,957 7.45 1.8105
2024-02-29 2023-12-31 NP Cliffwater Corporate Lending Fund - Class I US1868542044 2,556,984 0 0.00 26,951 -2.41 2.0479
2023-11-27 2023-09-30 NP Cliffwater Corporate Lending Fund - Class I US1868542044 2,556,984 470,370 22.54 27,615 23.23 2.4675
2023-08-29 2023-06-30 NP Cliffwater Corporate Lending Fund - Class I US1868542044 2,086,614 0 0.00 22,410 0.66 2.4349
2023-05-25 2023-03-31 NP Cliffwater Corporate Lending Fund - Class I US1868542044 2,086,614 0 0.00 22,264 2.30 2.9879
2023-02-28 2022-12-31 NP Cliffwater Corporate Lending Fund - Class I US1868542044 2,086,614 0 0.00 21,763 -2.25 3.7980
2022-11-21 2022-09-30 NP Cliffwater Corporate Lending Fund - Class I US1868542044 2,086,614 283,394 15.72 22,264 15.50 4.6267
2022-08-26 2022-06-30 NP Cliffwater Corporate Lending Fund - Class I US1868542044 1,803,220 94,073 5.50 19,276 4.53 4.7594
2022-05-25 2022-03-31 NP Cliffwater Corporate Lending Fund - Class I US1868542044 1,709,147 468,081 37.72 18,442 40.18 5.2784
2022-02-25 2021-12-31 NP Cliffwater Corporate Lending Fund - Class I US1868542044 1,241,066 234,750 23.33 13,155 22.86 5.3906
2021-11-24 2021-09-30 NP Cliffwater Corporate Lending Fund - Class I US1868542044 1,006,316 188,506 23.05 10,707 23.64 5.6393
2021-08-25 2021-06-30 NP Cliffwater Corporate Lending Fund - Class I US1868542044 817,810 117,733 16.82 8,661 16.82 5.6808
2021-05-24 2021-03-31 NP Cliffwater Corporate Lending Fund - Class I US1868542044 700,077 119,619 20.61 7,414 24.00 5.9596
2021-02-24 2020-12-31 NP Cliffwater Corporate Lending Fund - Class I US1868542044 580,458 239,465 70.23 5,979 69.40 6.0140
2020-11-23 2020-09-30 NP Cliffwater Corporate Lending Fund - Class I US1868542044 340,993 340,993 3,529 3.8069
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.