| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| MORGAN STANLEY | 5% | $71,292,723 | 4,371,105 | Morgan Stanley | 31 Dec 2025 |
As of 31 Dec 2025, 128 institutional investors reported holding 36,280,572 shares of Morgan Stanley Direct Lending Fund - Common Stock (MSDL). This represents 42% of the company’s total 87,422,100 outstanding shares.
The largest institutional shareholders of Morgan Stanley Direct Lending Fund - Common Stock (MSDL) together control 35% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| MORGAN STANLEY | 18% | 15,876,336 | -0.17% | 0.02% | $261,642,042 |
| VAN ECK ASSOCIATES CORP | 2.1% | 1,840,835 | -6.4% | 0.03% | $30,336,000 |
| Generali Asset Management SPA SGR | 2.1% | 1,829,964 | 0% | 0.62% | $30,157,807 |
| UBS Group AG | 1.9% | 1,668,693 | +73% | 0.01% | $27,500,060 |
| TWO SIGMA INVESTMENTS, LP | 0.97% | 844,770 | +148% | 0.02% | $13,921,810 |
| Muzinich & Co., Inc. | 0.88% | 766,451 | +31% | 4% | $12,631,112 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC | 0.87% | 764,543 | -23% | 0.6% | $12,599,668 |
| TORONTO DOMINION BANK | 0.82% | 713,641 | +26% | 0.02% | $11,760,804 |
| Altshuler Shaham Ltd | 0.74% | 650,437 | 0.16% | $10,719,202 | |
| Sumitomo Mitsui Trust Group, Inc. | 0.64% | 558,113 | +11% | 0.01% | $9,197,702 |
| Americana Partners, LLC | 0.63% | 551,776 | +2.4% | 0.25% | $9,093,268 |
| AMERICAN FINANCIAL GROUP INC | 0.61% | 531,500 | 3.2% | $8,759,120 | |
| Trexquant Investment LP | 0.51% | 448,097 | +89% | 0.07% | $7,384,639 |
| JANE STREET GROUP, LLC | 0.48% | 423,165 | +344% | 0.01% | $6,973,758 |
| WELLS FARGO & COMPANY/MN | 0.47% | 408,416 | +15% | 0% | $6,730,699 |
| HRT FINANCIAL LP | 0.45% | 394,241 | 0.02% | $6,497,000 | |
| FRANKLIN RESOURCES INC | 0.42% | 371,094 | -0.98% | 0% | $6,115,629 |
| Liberty Mutual Group Asset Management Inc. | 0.41% | 359,773 | 0.56% | $5,929,059 | |
| Truffle Hound Capital, LLC | 0.37% | 320,000 | 3.1% | $5,273,600 | |
| TT Capital Management LLC | 0.35% | 302,946 | +1.8% | 4% | $4,992,550 |
| Closed-End Fund Advisors, Inc. | 0.33% | 291,456 | 0% | 2.8% | $4,803,195 |
| MILLENNIUM MANAGEMENT LLC | 0.31% | 268,646 | -24% | 0% | $4,427,286 |
| Hennion & Walsh Asset Management, Inc. | 0.3% | 258,929 | +30% | 0.15% | $4,267,150 |
| TWO SIGMA ADVISERS, LP | 0.29% | 249,400 | +172% | 0.01% | $4,110,112 |
| Russell Investments Group, Ltd. | 0.28% | 242,417 | 0% | $3,995,032 |
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2025 Q4 | 36,280,572 | $597,989,304 | +$78,186,686 | $16.48 | 128 |
| 2025 Q3 | 31,371,878 | $504,627,455 | +$56,249,537 | $16.08 | 117 |
| 2025 Q2 | 27,772,772 | $519,958,206 | +$37,769,486 | $18.72 | 108 |
| 2025 Q1 | 25,691,201 | $512,938,067 | +$96,952,605 | $19.96 | 95 |
| 2024 Q4 | 20,839,068 | $430,698,789 | +$80,628,832 | $20.66 | 81 |
| 2024 Q3 | 16,889,371 | $333,708,207 | +$54,835,569 | $19.78 | 52 |
| 2024 Q2 | 14,111,440 | $308,328,134 | +$1,627,029 | $21.85 | 18 |
| 2024 Q1 | 14,038,244 | $302,522,967 | +$302,215,492 | $21.55 | 20 |