NCDL — NUVEEN CHURCHILL DIRECT LEND
Reported value held$61.19M
Funds holding (latest)16
Sector—
Funds holding (Q2 2026)9
Institutional value$43.15M · 3.47M sh
New / Add / Cut / Exit1 / 3 / 4 / 1
Top-5 / Top-10 concentration90.4% / 100.0%
Institutional holdings change
Accumulating +1.4%
(+49.60K sh)
Institutional value change
Down -0.9%
As of Q2 2026, 9 SEC-registered investment managers reported holding NCDL (NUVEEN CHURCHILL DIRECT LEND) in their latest 13F filings, with a combined reported value of $43.15M across 3.47M shares. That is +1.4% by share count (+49.60K shares) versus the previous quarter, while reported value moved -0.9%. Ownership is concentrated: the five largest holders account for 90.4% of reported value and the top ten for 100.0%.
Compared with the prior quarter, 1 opened new positions, 3 added to existing stakes, 4 trimmed, 1 exited entirely. 13F holdings are quarter-end snapshots, so these moves reflect positioning as of Q2 2026, not real-time trading.
All figures on this page are computed from SEC Form 13F quarterly filings. 13F filers disclose long positions of $100,000 or more within 45 days of quarter end; short positions, options overlays and intra-quarter trades are not included, so treat the numbers as a quarterly snapshot of institutional ownership rather than real-time positioning.
Q2 2026 — 9 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| UBS Group AG history | 997.79K | $12.39M | 0.01% | Add |
| Invesco Ltd history | 893.25K | $11.09M | 0.00% | Hold |
| Two Sigma Investments history | 552.18K | $6.86M | 0.01% | Reduce |
| Morgan Stanley history | 456.48K | $5.67M | 0.00% | Add |
| Wells Fargo & Co history | 242.48K | $3.01M | 0.00% | Reduce |
| Bank of America Corp history | 222.51K | $2.76M | 0.00% | Add |
| Renaissance Technologies history | 63.00K | $782.46K | 0.00% | Reduce |
| Goldman Sachs Group history | 42.66K | $529.83K | 0.00% | Reduce |
| PNC Financial Services history | 3.95K | $49.06K | 0.00% | New |
Q1 2026 — 9 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Invesco Ltd history | 893.54K | $11.37M | 0.00% | Add |
| UBS Group AG history | 682.13K | $8.68M | 0.00% | Reduce |
| Two Sigma Investments history | 630.75K | $8.02M | 0.01% | Add |
| Morgan Stanley history | 369.43K | $4.70M | 0.00% | Reduce |
| Wells Fargo & Co history | 311.27K | $3.96M | 0.00% | Reduce |
| Renaissance Technologies history | 152.02K | $1.93M | 0.00% | Add |
| Bank of America Corp history | 147.91K | $1.88M | 0.00% | Add |
| Goldman Sachs Group history | 125.62K | $1.60M | 0.00% | Add |
| Millennium Management history | 112.04K | $1.43M | 0.00% | Add |
Q4 2025 — 11 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Invesco Ltd history | 742.30K | $9.90M | 0.00% | Add |
| UBS Group AG history | 689.05K | $9.19M | 0.00% | Add |
| Two Sigma Investments history | 473.06K | $6.31M | 0.01% | Add |
| Morgan Stanley history | 462.91K | $6.18M | 0.00% | Reduce |
| Wells Fargo & Co history | 351.56K | $4.69M | 0.00% | Reduce |
| Goldman Sachs Group history | 123.02K | $1.64M | 0.00% | Reduce |
| Bank of America Corp history | 119.94K | $1.60M | 0.00% | Add |
| Renaissance Technologies history | 118.11K | $1.58M | 0.00% | Reduce |
| Millennium Management history | 38.74K | $516.79K | 0.00% | Reduce |
| Citadel Advisors history | 24.84K | $331.31K | 0.00% | New |
| Citigroup Inc history | 35 | $467 | 0.00% | Reduce |
Q3 2025 — 12 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Morgan Stanley history | 533.95K | $7.37M | 0.00% | Add |
| UBS Group AG history | 492.09K | $6.79M | 0.00% | Add |
| Wells Fargo & Co history | 377.11K | $5.20M | 0.00% | Add |
| Two Sigma Investments history | 327.55K | $4.52M | 0.01% | Reduce |
| Goldman Sachs Group history | 250.86K | $3.46M | 0.00% | Add |
| Marshall Wace history | 188.62K | $2.60M | 0.00% | New |
| Millennium Management history | 136.57K | $1.88M | 0.00% | Add |
| Renaissance Technologies history | 133.30K | $1.84M | 0.00% | Add |
| Bank of America Corp history | 93.61K | $1.29M | 0.00% | Add |
| Balyasny Asset Management history | 67.58K | $932.53K | 0.00% | New |
| Invesco Ltd history | 32.57K | $449.45K | 0.00% | New |
| Citigroup Inc history | 19.84K | $273.79K | 0.00% | Reduce |
Q2 2025 — 13 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| UBS Group AG history | 443.94K | $7.19M | 0.00% | Add |
| Morgan Stanley history | 440.36K | $7.13M | 0.00% | Reduce |
| Morgan Stanley history | 440.36K | $7.13M | 0.00% | Reduce |
| Wells Fargo & Co history | 372.29K | $6.03M | 0.00% | Add |
| Two Sigma Investments history | 372.10K | $6.02M | 0.01% | Reduce |
| Two Sigma Investments history | 372.10K | $6.02M | 0.01% | Reduce |
| Goldman Sachs Group history | 150.74K | $2.44M | 0.00% | Reduce |
| Goldman Sachs Group history | 150.74K | $2.44M | 0.00% | Reduce |
| Renaissance Technologies history | 123.70K | $2.00M | 0.00% | Reduce |
| Renaissance Technologies history | 123.70K | $2.00M | 0.00% | Reduce |
| Bank of America Corp history | 86.04K | $1.39M | 0.00% | Add |
| Millennium Management history | 83.22K | $1.35M | 0.00% | Reduce |
| Citigroup Inc history | 21.05K | $340.83K | 0.00% | Add |
Q1 2025 — 19 funds
| Fund | Shares | Value | Portfolio Weight | Change |
|---|---|---|---|---|
| Morgan Stanley history | 506.75K | $8.60M | 0.00% | Add |
| Morgan Stanley history | 506.75K | $8.60M | 0.00% | Add |
| Two Sigma Investments history | 435.44K | $7.39M | 0.02% | Add |
| Two Sigma Investments history | 435.44K | $7.39M | 0.02% | Add |
| Renaissance Technologies history | 434.60K | $7.38M | 0.01% | Add |
| Renaissance Technologies history | 434.60K | $7.38M | 0.01% | Add |
| Wells Fargo & Co history | 340.00K | $5.77M | 0.00% | Add |
| Millennium Management history | 305.85K | $5.19M | 0.00% | Reduce |
| Goldman Sachs Group history | 228.60K | $3.88M | 0.00% | Reduce |
| Goldman Sachs Group history | 228.60K | $3.88M | 0.00% | Reduce |
| Marshall Wace history | 183.07K | $3.11M | 0.00% | Reduce |
| UBS Group AG history | 171.67K | $2.91M | 0.00% | Reduce |
| Citadel Advisors history | 102.30K | $1.74M | 0.00% | Reduce |
| Citadel Advisors history | 102.30K | $1.74M | 0.00% | Reduce |
| Bank of America Corp history | 60.93K | $1.03M | 0.00% | Reduce |
| Balyasny Asset Management history | 29.72K | $504.71K | 0.00% | Add |
| BlackRock Inc history | 8.31K | $141.12K | 0.00% | Reduce |
| BlackRock Inc history | 8.31K | $141.12K | 0.00% | Reduce |
| Citigroup Inc history | 6.49K | $110.12K | 0.00% | Add |
New Positions (Q2 2026)
- PNC Financial Services 3.95K sh · $49.06K
Fully Exited (vs previous quarter)
- Millennium Management sold 112.04K sh · $1.43M
Fund Position History — shares by quarter (top 16 funds)
| Fund | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|---|---|---|---|---|---|
| UBS Group AG | 997.79K | 682.13K | 689.05K | 492.09K | 443.94K | 171.67K | 174.71K | 87.98K | 5.50K | 27.47K |
| Invesco Ltd | 893.25K | 893.54K | 742.30K | 32.57K | — | — | — | — | — | — |
| Two Sigma Investments | 552.18K | 630.75K | 473.06K | 327.55K | 372.10K | 435.44K | 153.15K | 44.47K | 29.57K | — |
| Morgan Stanley | 456.48K | 369.43K | 462.91K | 533.95K | 440.36K | 506.75K | 311.34K | 189.70K | 129.51K | 82.14K |
| Wells Fargo & Co | 242.48K | 311.27K | 351.56K | 377.11K | 372.29K | 340.00K | 267.71K | 10.42K | 6.95K | 3.25K |
| Bank of America Corp | 222.51K | 147.91K | 119.94K | 93.61K | 86.04K | 60.93K | 75.99K | 37.61K | 20.86K | 5.00K |
| Renaissance Technologies | 63.00K | 152.02K | 118.11K | 133.30K | 123.70K | 434.60K | 267.90K | 108.80K | 31.20K | — |
| Goldman Sachs Group | 42.66K | 125.62K | 123.02K | 250.86K | 150.74K | 228.60K | 376.87K | 67.35K | — | — |
| PNC Financial Services | 3.95K | — | — | — | — | — | — | — | — | — |
| Citadel Advisors | — | — | 24.84K | — | — | 102.30K | 130.29K | 66.26K | 72.10K | 11.69K |
| BlackRock Inc | — | — | — | — | — | 8.31K | 8.69K | — | — | — |
| Balyasny Asset Management | — | — | — | 67.58K | — | 29.72K | 29.23K | — | — | 58.15K |
| Citigroup Inc | — | — | 35 | 19.84K | 21.05K | 6.49K | 2.93K | 2.29K | — | — |
| Marshall Wace | — | — | — | 188.62K | — | 183.07K | 241.04K | 47.85K | 79.47K | 68.97K |
| Millennium Management | — | 112.04K | 38.74K | 136.57K | 83.22K | 305.85K | 437.99K | 94.88K | 87.95K | 73.66K |
| JPMorgan Chase & Co | — | — | — | — | — | — | 751.44K | 386.70K | 37 | 10.69K |
▲ Bought Low (fund opened/added, stock rose ≥5% next quarter) ▼ Sold High (fund reduced, stock fell ≥5% next quarter)
Drag / scroll to zoom · Default shows the most recent year · Annotations come from quarterly fund actions in 13F filings · Hover a marker for details