MORGAN STANLEY DIRECT LENDIN

Ticker: MSDL CUSIP: 61774A103 Class: COM SHS

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
MORGAN STANLEY15,876,336$261,642
VAN ECK ASSOCIATES CORP1,840,835$30
Generali Asset Management SPA SGR1,829,964$30,158
UBS Group AG1,668,693$27,500
TWO SIGMA INVESTMENTS, LP844,770$13,922
Muzinich & Co., Inc.766,451$12,631
RIVERNORTH CAPITAL MANAGEMENT, LLC764,543$12,600
TORONTO DOMINION BANK713,641$11,761
Altshuler Shaham Ltd650,437$10,719
Sumitomo Mitsui Trust Holdings, Inc.558,113$9,198
Americana Partners, LLC551,776$9,093
AMERICAN FINANCIAL GROUP INC531,500$8,759
Trexquant Investment LP448,097$7,385
JANE STREET GROUP, LLC423,165$6,974
WELLS FARGO & COMPANY/MN408,416$6,731
HRT FINANCIAL LP394,241$6
FRANKLIN RESOURCES INC371,094$6,116
Liberty Mutual Group Asset Management Inc.359,773$5,929
Truffle Hound Capital, LLC320,000$5,274
TT Capital Management LLC302,946$4,993
Closed-End Fund Advisors, Inc.291,456$4,803
MILLENNIUM MANAGEMENT LLC268,646$4,427
Hennion & Walsh Asset Management, Inc.258,929$4,267
TWO SIGMA ADVISERS, LP249,400$4,110
Russell Investments Group, Ltd.242,417$3,995
SFMG, LLC238,045$3,923
CITADEL ADVISORS LLC230,300$3,795
Fosun International Ltd221,872$3,656
Activest Wealth Management195,621$3,224
CULLEN/FROST BANKERS, INC.184,080$3,034
Point72 Asset Management, L.P.178,897$2,948
JPMORGAN CHASE & CO178,273$2,938
RAYMOND JAMES FINANCIAL INC175,306$2,889
NEUBERGER BERMAN GROUP LLC166,108$2,737
GOLDMAN SACHS GROUP INC160,515$2,645
GraniteShares Advisors LLC159,184$2,623
RENAISSANCE TECHNOLOGIES LLC133,500$2,200
SHIKIAR ASSET MANAGEMENT INC130,500$2
Schonfeld Strategic Advisors LLC130,312$2,148
BI Asset Management Fondsmaeglerselskab A/S129,751$2
Naviter Wealth, LLC122,478$2,085
Adams Asset Advisors, LLC111,397$1,836
Quantbot Technologies LP108,536$1,789
Rockefeller Capital Management L.P.104,768$1,727
ARES MANAGEMENT LLC100,000$1,648
STIFEL FINANCIAL CORP93,742$1,545
SUSQUEHANNA INTERNATIONAL GROUP, LLP88,467$1,458
XTX Topco Ltd81,599$1,345
Aquatic Capital Management LLC77,324$1,274
Legacy Capital Wealth Partners, LLC76,982$1,269
LPL Financial LLC74,641$1,230
CONFLUENCE INVESTMENT MANAGEMENT LLC72,156$1,189
Marex Group plc71,050$1,171
Steward Partners Investment Advisory, LLC68,404$1,127
Lido Advisors, LLC63,614$1,051
DENALI ADVISORS LLC57,793$952
AlphaQuest LLC54,024$890
BANK OF AMERICA CORP /DE/50,710$836
MAI Capital Management50,216$828
CAPTRUST FINANCIAL ADVISORS49,345$813
Quadrature Capital Ltd48,867$805
Beacon Pointe Advisors, LLC47,189$778
ROYAL BANK OF CANADA47,152$777
TRUIST FINANCIAL CORP42,642$703
AMERIPRISE FINANCIAL INC40,517$668
Cetera Investment Advisers40,076$660
Pathstone Holdings, LLC35,052$580
Focus Partners Wealth34,118$565
COMMONWEALTH EQUITY SERVICES, LLC34,116$562
OSAIC HOLDINGS, INC.32,807$541
Virtu Financial LLC31,736$1
Squarepoint Ops LLC29,796$491
Entropy Technologies, LP29,206$481
NORTHERN TRUST CORP27,957$461
Invesco Ltd.27,915$460
ENVESTNET ASSET MANAGEMENT INC27,629$455
Virtus Investment Advisers, LLC26,281$433
Fiduciary Group LLC24,029$396
Clearstead Advisors, LLC24,000$396
Centiva Capital, LP22,910$378
OPPENHEIMER & CO INC22,843$376
Global Strategic Investment Solutions, LLC21,294$351
Generali Investments CEE, investicni spolecnost, a.s.20,722$341
Jaffetilchin Investment Partners, LLC20,192$333
Almitas Capital LLC20,000$330
NATIONAL BANK OF CANADA /FI/19,245$317
EVERPAR ADVISORS LLC18,547$306
Sanctuary Advisors, LLC18,524$305
NOMURA HOLDINGS INC17,387$287
GUGGENHEIM CAPITAL LLC17,321$285
OBSIDIAN CIO, LLC17,220$284
Icon Wealth Advisors, LLC16,893$278
TrueMark Investments, LLC15,000$247
MERCER GLOBAL ADVISORS INC /ADV14,902$246
AQR CAPITAL MANAGEMENT LLC14,026$231
Clear Harbor Asset Management, LLC13,910$229
COWA, LLC13,436$221
SAPIENT CAPITAL LLC12,987$227
REICON WEALTH ADVISORS, LLC12,969$214
Sciencast Management LP12,336$203
32 other institutions156,538$2,628
Total (132 institutions)36,295,436$556,679