$MSDL

$13.64 +$0.31 (2.33%) Close

$MSDL Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 84.1M shares outstanding

Who owns MSDL?

By type of holder

Institutions 45.3% Insiders 0.0% Everyone else 54.7%

Concentration Top 10 holders own 32.8%

Morgan Stanley 18.7% · UBS Group AG 3.1%

Institutional ownership

45.3%

+2.8 pts vs last qtr

Institutional holders

138

-1 vs last qtr

Net shares bought

+2.3M

by institutions in Q2 2026

New / sold out

23 / 24

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Lunate Capital Ltd NEW +1.1M
UBS Group AG +984.5K

Biggest sellers in Q2 2026

Rivernorth Capital Management, LLC SOLD OUT −1.1M
Toronto Dominion Bank SOLD OUT −622.2K

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Morgan Stanley Direct Lending Fund in the last 12 months.

Is your stake being diluted?

Diluted share count, FY2020–FY2025

+1054.5%

+63.11% a year

Each share's claim on the business

−91.3%

shrank without buying or selling a share

Spent on buybacks vs paid in stock

$60M vs —

over 6 fiscal years

Diluted shares, split-adjusted

Buybacks Stock-based comp

How patient are the owners?

Institutional shares by how long they've been held

5+ years0% 3–5 years0% 1–3 years78% Under 1 year22%

Quarterly turnover

13.8%

of institutional shares changed hands

Top 10 managers, median time held

1.3 years

Super Investors

Investment managers reporting MSDL on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
MS Morgan Stanley	15.7M	18.69%	−151.1K (−1.0%)	2024	0.0%
Shares held by quarter Peak holding15.9M (Q3'25) Change over 8 quarters+4.2M Share of the company18.690% Morgan Stanley's full portfolio →
UG UBS Group AG	2.6M	3.07%	+984.5K (+61.7%)	2024	0.0%
Shares held by quarter Peak holding2.6M (Q2'26) Change over 8 quarters+2.5M Share of the company3.070% UBS Group AG's full portfolio →

Morgan Stanley

15.7M

% of company

18.69%

Change vs last qtr

−151.1K (−1.0%)

Held since

2024

UBS Group AG

2.6M

% of company

3.07%

Change vs last qtr

+984.5K (+61.7%)

Held since

2024

28 more super investors behind a free account

See every manager holding Morgan Stanley Direct Lending Fund, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting MSDL on Form N-PORT; together they hold 3.8% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
VB VanEck BDC Income ETF VanEck ETF Trust	$24.6M	1.6M	1.94%	1.51%	June 30, 2026
PB Putnam BDC Income ETF Putnam ETF Trust	$6.89M	471.8K	0.56%	2.44%	July 31, 2026

VanEck BDC Income ETF

VanEck ETF Trust

Position value

$24.6M

% of company

1.94%

% of the fund

1.51%

As of

June 30, 2026

Putnam BDC Income ETF

Putnam ETF Trust

Position value

$6.89M

% of company

0.56%

% of the fund

2.44%

As of

July 31, 2026

14 more funds behind a free account

See every fund holding Morgan Stanley Direct Lending Fund and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
MA Metz Adam S Insider	3.4K	0.00%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.000% Metz Adam S's insider activity →
SK Shannon Kevin Insider	1.3K	0.00%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.000% Shannon Kevin's insider activity →

Metz Adam S

Insider

3.4K

% of company

0.00%

Change vs last qtr

—

Held since

—

Shannon Kevin

Insider

1.3K

% of company

0.00%

Change vs last qtr

—

Held since

—

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