Cliffwater LLC Long-Term Concentrated

Location: Marina Del Rey, CA

CIK: 0001659851 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 12, 2026

Total Value: $402M (100.0% shares, 0.0% debt)

Holdings (22)

New Positions (2)

FRBT FORBRIGHT INC 1.3%

Value $5.127M Shares 280,309 Est. Cost $18.29 Unrealized —

XERS XERIS BIOPHARMA HOLDINGS INC 0.5%

Value $2.084M Shares 263,158 Est. Cost $7.92 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
FRBT	FORBRIGHT INC	280,309	$5.127M	1.3%	$18.29	—	CL A COM	34520K105
XERS	XERIS BIOPHARMA HOLDINGS INC	263,158	$2.084M	0.5%	$7.92	—	COM	98422E103

Increased Positions (2)

VGIT VANGUARD SCOTTSDALE FDS 17.6%

Value $70.81M (+54.0%) Shares 1,200,527 (+55.5%) Est. Cost $59.24 Unrealized —

CVNA CARVANA CO 0.2%

Value $614K (+4.7%) Shares 9,325 (+400.0%) Est. Cost $107.49 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VGIT	VANGUARD SCOTTSDALE FDS	1,200,527 (+55.5%)	$70.81M (+54.0%)	17.6%	$59.24	—	INTER TERM TREAS	92206C706
CVNA	CARVANA CO	9,325 (+400.0%)	$614K (+4.7%)	0.2%	$107.49	—	CL A	146869102

Decreased Positions (2)

VTHR VANGUARD SCOTTSDALE FDS 10.7%

Value $42.86M (-27.5%) Shares 129,315 (-37.1%) Est. Cost $224.54 Unrealized —

VTI VANGUARD INDEX FDS 28.3%

Value $114M (+10.1%) Shares 307,085 (-4.5%) Est. Cost $173.48 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
VTHR	VANGUARD SCOTTSDALE FDS	129,315 (-37.1%)	$42.86M (-27.5%)	10.7%	$224.54	—	VNG RUS3000IDX	92206C599
VTI	VANGUARD INDEX FDS	307,085 (-4.5%)	$114M (+10.1%)	28.3%	$173.48	—	TOTAL STK MKT	922908769

Unchanged Positions (16)

OTF BLUE OWL TECHNOLOGY FIN CORP 15.2%

Value $61.16M Shares 5,908,955 Est. Cost $14.58 Unrealized —

VEA VANGUARD TAX-MANAGED FDS 13.6%

Value $54.78M Shares 768,881 Est. Cost $48.49 Unrealized —

CVBF CVB FINL CORP 2.3%

Value $9.296M Shares 412,247 Est. Cost $18.89 Unrealized —

VWO VANGUARD INTL EQUITY INDEX F 3.1%

Value $12.43M Shares 208,320 Est. Cost $45.85 Unrealized —

SPY SPDR S&P 500 ETF TR 2.0%

Value $8.029M Shares 10,752 Est. Cost $266.88 Unrealized —

VNQ VANGUARD INDEX FDS 1.7%

Value $6.743M Shares 69,923 Est. Cost $90.03 Unrealized —

EEM ISHARES TR 0.7%

Value $2.764M Shares 40,400 Est. Cost $50.70 Unrealized —

RBRK RUBRIK INC. 0.1%

Value $256K Shares 3,184 Est. Cost $68.27 Unrealized —

CGBD CARLYLE SECURED LENDING INC 0.5%

Value $2.183M Shares 207,319 Est. Cost $12.97 Unrealized —

OSCR OSCAR HEALTH INC 0.0%

Value $126K Shares 4,431 Est. Cost $14.85 Unrealized —

BBDC BARINGS BDC INC 0.3%

Value $1.08M Shares 126,753 Est. Cost $5.92 Unrealized —

VCSH VANGUARD SCOTTSDALE FDS 1.8%

Value $7.074M Shares 89,515 Est. Cost $80.27 Unrealized —

TOST TOAST INC 0.1%

Value $267K Shares 9,591 Est. Cost $36.18 Unrealized —

NU NU HLDGS LTD 0.0%

Value $127K Shares 9,485 Est. Cost $14.47 Unrealized —

IEFA ISHARES TR 0.0%

Value $100K Shares 1,036 Est. Cost $65.87 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 0.0%

Value $120K Shares 5,902 Est. Cost $21.00 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
OTF	BLUE OWL TECHNOLOGY FIN CORP	5,908,955	$61.16M	15.2%	$14.58	—	COMMON STOCK	095924106
VEA	VANGUARD TAX-MANAGED FDS	768,881	$54.78M	13.6%	$48.49	—	VAN FTSE DEV MKT	921943858
CVBF	CVB FINL CORP	412,247	$9.296M	2.3%	$18.89	—	COM	126600105
VWO	VANGUARD INTL EQUITY INDEX F	208,320	$12.43M	3.1%	$45.85	—	FTSE EMR MKT ETF	922042858
SPY	SPDR S&P 500 ETF TR	10,752	$8.029M	2.0%	$266.88	—	TR UNIT	78462F103
VNQ	VANGUARD INDEX FDS	69,923	$6.743M	1.7%	$90.03	—	REAL ESTATE ETF	922908553
EEM	ISHARES TR	40,400	$2.764M	0.7%	$50.70	—	MSCI EMG MKT ETF	464287234
RBRK	RUBRIK INC.	3,184	$256K	0.1%	$68.27	—	CL A	781154109
CGBD	CARLYLE SECURED LENDING INC	207,319	$2.183M	0.5%	$12.97	—	COM	872280102
OSCR	OSCAR HEALTH INC	4,431	$126K	0.0%	$14.85	—	CL A	687793109
BBDC	BARINGS BDC INC	126,753	$1.08M	0.3%	$5.92	—	COM	06759L103
VCSH	VANGUARD SCOTTSDALE FDS	89,515	$7.074M	1.8%	$80.27	—	SHRT TRM CORP BD	92206C409
TOST	TOAST INC	9,591	$267K	0.1%	$36.18	—	CL A	888787108
NU	NU HLDGS LTD	9,485	$127K	0.0%	$14.47	—	ORD SHS CL A	G6683N103
IEFA	ISHARES TR	1,036	$100K	0.0%	$65.87	—	CORE MSCI EAFE	46432F842
BKLN	INVESCO EXCH TRADED FD TR II	5,902	$120K	0.0%	$21.00	—	SR LN ETF	46138G508