Cliffwater LLC Buys Vanguard Short-Term Corporate Bond ETF, Oaktree Specialty Lending Corp, Barings BDC Inc, Sells CVB Financial Corp, Vanguard Total Stock Market ETF

• New Purchases: OCSL, BBDC,
• Added Positions: VCSH, GBDC, NMFC, SLRC, VEA, GSBD, VWO, ARCC, MRCC, TCPC, TSLX, VNQ,
• Reduced Positions: CVBF, VTI, SPY, IWM, EEM,

For the details of Cliffwater LLC's stock buys and sells, go to https://www.gurufocus.com/guru/cliffwater+llc/current-portfolio/portfolioportfolio

1. CVB Financial Corp (CVBF) - 5,407,880 shares, 39.47% of the total portfolio. Shares reduced by 32.3%
2. Vanguard FTSE Developed Markets ETF (VEA) - 1,136,204 shares, 16.45% of the total portfolio. Shares added by 1.77%
3. Vanguard Total Stock Market ETF (VTI) - 268,261 shares, 13.97% of the total portfolio. Shares reduced by 26.14%
4. Ares Capital Corp (ARCC) - 547,598 shares, 3.41% of the total portfolio. Shares added by 8.72%
5. New Mountain Finance Corp (NMFC) - 689,954 shares, 3.35% of the total portfolio. Shares added by 10.14%

Cliffwater LLC initiated holding in Oaktree Specialty Lending Corp. The purchase prices were between $5.19 and $5.71, with an estimated average price of $5.39. The stock is now traded at around $5.15. The impact to a portfolio due to this purchase was 0.84%. The holding were 444,866 shares as of .

Cliffwater LLC initiated holding in Barings BDC Inc. The purchase prices were between $9.81 and $10.33, with an estimated average price of $9.97. The stock is now traded at around $9.65. The impact to a portfolio due to this purchase was 0.78%. The holding were 227,956 shares as of .

Cliffwater LLC added to a holding in Vanguard Short-Term Corporate Bond ETF by 54.24%. The purchase prices were between $79.35 and $80.69, with an estimated average price of $79.82. The stock is now traded at around $80.80. The impact to a portfolio due to this purchase was 1.01%. The holding were 102,749 shares as of .

Cliffwater LLC added to a holding in Solar Capital Ltd by 35.42%. The purchase prices were between $20.18 and $21.54, with an estimated average price of $21.06. The stock is now traded at around $20.36. The impact to a portfolio due to this purchase was 0.29%. The holding were 152,616 shares as of .

Cliffwater LLC added to a holding in Goldman Sachs BDC Inc by 37.10%. The purchase prices were between $18.71 and $20.97, with an estimated average price of $20.18. The stock is now traded at around $19.81. The impact to a portfolio due to this purchase was 0.28%. The holding were 154,037 shares as of .

Cliffwater LLC added to a holding in Monroe Capital Corp by 34.93%. The purchase prices were between $11.29 and $12.47, with an estimated average price of $11.98. The stock is now traded at around $10.66. The impact to a portfolio due to this purchase was 0.27%. The holding were 256,544 shares as of .