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Morgan Stanley Direct Lending Fund (MSDL)
USD15.68
+0.16 (+1.03%)
US NYSE Financial Services Financial - Conglomerates
Address
1585 Broadway
New York City, US
New York City, US
CEO
Michael Occi Jr.
Website
msdl.com
IPO
2024-01-24
CIK 1782524 ISIN US61774A1034
Description
Morgan Stanley Direct Lending Fund functions as a business development company (BDC) specializing in finance, primarily providing capital to mid-sized enterprises. Its investment strategy focuses on directly originating and funding senior secured term loans, encompassing both first-lien and second-lien security interests. This entity commenced operations on May 30, 2019, and maintains its principal headquarters in New York City.
News Sentiment (7d)
Based on only 1 article — low confidence
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
USD15.68
+0.16 (+1.03%)
Loading historical data…
Volume Profile
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Liquidity & share structure
Average Volume
649.2K
Beta
0.61
Float Shares
84.75M
Free Float %
99.4%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.00% | -2.69% | +5.71% | -5.01% | -9.16% | -7.95% | -22.76% | -26.50% | -26.50% | -26.50% | -26.50% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Analyst Consensus (6 ratings, all time)
Hold
Price Targets & DCF
Current price
15.68
Low
16.00
+2.0%
Consensus
16.81
+7.2%
Median
16.63
+6.0%
High
18.00
+14.8%
DCF (Unlevered)
185.77
+1,084.8%
DCF (Levered)
171.14
+991.4%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
29% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 1 | 0 |
| Hold | 5 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Price Target Summary
| Period | # Analysts | Avg Target |
|---|---|---|
| Last Month | 1 |
16.25
+3.6%
|
| Last Quarter | 2 |
16.63
+6.1%
|
| Last Year | 10 |
17.43
+11.2%
|
| All Time | 11 |
17.93
+14.3%
|
Quality scores
Altman Z-Score
0.60
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
2 / 5
Medium
ROA Score
5 / 5
High
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
-
Revenue growth Financial - Conglomerates: +32.7%+16.4% Q1'26: +14.7% (vs Q1'25)
-
EPS growth Financial - Conglomerates: +16.6%-42.4% Q1'26: -115.5% (vs Q1'25)
-
FCF margin FCF growth · Financial - Conglomerates: +2.3%+32.4% ★ Q1'26: +41.9% (vs Q1'25)
-
EBIT margin Financial - Conglomerates: +36.2%+66.7% ★ Q1'26: +34.8% (vs Q1'25)
-
ROIC Financial - Conglomerates: +2.2%+6.9% ★ Q1'26: +2.9% (vs Q1'25)
-
Share dilution Financial - Conglomerates: +0.0%-2.2% ★ Q1'26: -3.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Financial - Conglomerates: 2.57×8.08× Q1'26: 19.62× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 4 Rev. Ana. 2 EPS Ana. |
Dec 2027 4 Rev. Ana. 3 EPS Ana. |
Dec 2028 1 Rev. Ana. 2 EPS Ana. |
|---|---|---|---|---|---|---|
| Revenue |
328.13M
est: 364.89M (-10.1%)
|
332.52M
est: 420.09M (-20.8%)
|
386.99M
est: 398.08M (-2.8%)
|
363.71M
362.24M – 365.19M
-8.6% YoY
|
356.93M
355.87M – 357.98M
-1.9% YoY
|
295.10M
289.86M – 299.23M
-17.3% YoY
|
| EBITDA |
232.53M
est: 253.71M (-8.3%)
|
218.00M
est: 282.66M (-22.9%)
|
258.23M
est: 267.85M (-3.6%)
|
244.72M
243.73M – 245.72M
-8.6% YoY
|
240.16M
239.45M – 240.87M
-1.9% YoY
|
198.56M
195.03M – 201.33M
-17.3% YoY
|
| EBIT |
232.53M
est: 253.71M (-8.3%)
|
218.00M
est: 282.66M (-22.9%)
|
258.23M
est: 267.85M (-3.6%)
|
244.72M
243.73M – 245.72M
-8.6% YoY
|
240.16M
239.45M – 240.87M
-1.9% YoY
|
198.56M
195.03M – 201.33M
-17.3% YoY
|
| Net Income |
231.01M
est: 237.54M (-2.7%)
|
215.56M
est: 221.60M (-2.7%)
|
122.09M
est: 175.86M (-30.6%)
|
159.74M
155.45M – 164.04M
-9.2% YoY
|
155.83M
154.57M – 157.08M
-2.5% YoY
|
153.27M
146.87M – 159.66M
-1.6% YoY
|
| SGA |
5.63M
est: 17.64M (-68.1%)
|
7.56M
est: 12.53M (-39.6%)
|
8.30M
est: 11.87M (-30.0%)
|
10.84M
10.80M – 10.89M
-8.6% YoY
|
10.64M
10.61M – 10.67M
-1.9% YoY
|
8.80M
8.64M – 8.92M
-17.3% YoY
|
| EPS |
2.62
est: 2.66 (-1.5%)
|
2.43
est: 2.54 (-4.3%)
|
1.40
est: 2.02 (-30.7%)
|
1.83
1.78 – 1.88
-9.4% YoY
|
1.79
1.77 – 1.80
-2.2% YoY
|
1.76
1.68 – 1.83
-1.9% YoY
|
Recent Grade Changes (3M)
| Date | Firm | Previous | New Grade | Action |
|---|---|---|---|---|
| 2026-04-20 | UBS | Neutral | Neutral | Maintain |
| 2026-04-16 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintain |
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-07 | B- | 3/5 | 1/5 | 2/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-06 | B- | 3/5 | 1/5 | 2/5 | 5/5 | 2/5 | 2/5 | 3/5 |
| 2026-05-05 | B | 3/5 | 1/5 | 2/5 | 5/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-04 | B | 3/5 | 1/5 | 2/5 | 5/5 | 2/5 | 2/5 | 4/5 |
| 2026-05-01 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-30 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-29 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-28 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-27 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-24 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-23 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-22 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-21 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-20 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-17 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
| 2026-04-16 | B | 3/5 | 1/5 | 3/5 | 5/5 | 1/5 | 3/5 | 3/5 |
Owner Earnings
Owner's Earnings (history)
Owner's Earnings history not available.
Owner alignment
Owner's Earnings TTM
—
OE per share TTM
—
Owner's Yield
—
Maintenance CapEx ratio
—
Maint CapEx / Avg PPE
—
Ownership Overview
Ownership breakdown
At a glance
Institutional holders
25
Total invested
34.60M
Insider transactions (90d)
0
Beneficial owners (>5%)
3
Beneficial owners (>5%)
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | MS Credit Partners Holdings Inc. | 572.7K | 19.90% | — | 572.7K | — | 572.7K | CO | — | 2020-03-10 | ↗ |
| 2 | MS Holdings Incorporated | 572.7K | 19.90% | — | 572.7K | — | 572.7K | CO | — | 2020-03-10 | ↗ |
| 3 | Morgan Stanley | 572.7K | 19.90% | — | 572.7K | — | 572.7K | HC, CO | — | 2020-03-10 | ↗ |
Institutional Activity (13F)
Institutional ownership trend
From
To
13F snapshot — 2026 Q1
Investors holding
25
-114 vs prev Q
New positions
4
Closed positions
112
Increased
12
Reduced
5
Put/Call ratio
0.00
Calls held
—
Puts held
—
Top institutional holders
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | — | 291.5K +291.5K (+100.0%) | 4.80B +4.8B (+100.0%) | 0.34% +0.336 pp | 2.84% +2.837 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 2 | MORGAN STANLEY | 15.88M -26.8K (-0.2%) | 261.64M +5.9M (+2.3%) | 18.28% +0.042 pp | 0.02% +0.000 pp | USD20.91 -21.2% | 8 qtrs — |
| 3 | VAN ECK ASSOCIATES CORP | 1.84M -126.9K (-6.4%) | 30.34M -1.3M (-4.1%) | 2.12% -0.137 pp | 0.03% -0.004 pp | USD21.29 -22.6% | 8 qtrs — |
| 4 | GENERALI ASSET MANAGEMENT SPA SGR | 1.83M +— (+0.0%) | 30.16M +732.0K (+2.5%) | 2.11% +0.008 pp | 0.62% -0.013 pp | USD19.22 -14.3% | 4 qtrs — |
| 5 | UBS GROUP AG | 1.67M +704.4K (+73.0%) | 27.50M +12.0M (+77.4%) | 1.92% +0.816 pp | 0.00% +0.002 pp | USD18.12 -9.1% | 8 qtrs — |
| 6 | TWO SIGMA INVESTMENTS, LP | 844.8K +503.5K (+147.5%) | 13.92M +8.4M (+153.7%) | 0.97% +0.581 pp | 0.02% +0.012 pp | USD17.02 -3.2% | 4 qtrs — |
| 7 | MUZINICH & CO., INC. | 766.5K +181.8K (+31.1%) | 12.63M +3.2M (+34.4%) | 0.88% +0.212 pp | 3.97% +0.339 pp | USD18.18 -9.4% | 6 qtrs — |
| 8 | RIVERNORTH CAPITAL MANAGEMENT, LLC | 764.5K -224.6K (-22.7%) | 12.60M -3.3M (-20.8%) | 0.88% -0.254 pp | 0.60% -0.311 pp | USD16.63 -0.9% | 3 qtrs — |
| 9 | TORONTO DOMINION BANK | 713.6K +148.0K (+26.2%) | 11.76M +2.7M (+29.3%) | 0.82% +0.173 pp | 0.02% +0.003 pp | USD16.16 +2.0% | 2 qtrs — |
| 10 | ALTSHULER SHAHAM LTD | 650.4K +650.4K (+100.0%) | 10.72M +10.7M (+100.0%) | 0.75% +0.749 pp | 0.16% +0.163 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 11 | SUMITOMO MITSUI TRUST HOLDINGS, INC. | 558.1K +53.1K (+10.5%) | 9.20M +1.1M (+13.3%) | 0.64% +0.063 pp | 0.01% +0.001 pp | USD18.44 -10.6% | 5 qtrs — |
| 12 | AMERICANA PARTNERS, LLC | 551.8K +12.8K (+2.4%) | 9.09M +426.4K (+4.9%) | 0.64% +0.017 pp | 0.25% -0.011 pp | USD18.90 -12.8% | 5 qtrs — |
| 13 | AMERICAN FINANCIAL GROUP INC | 531.5K +531.5K (+100.0%) | 8.76M +8.8M (+100.0%) | 0.61% +0.612 pp | 3.18% +3.176 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 14 | TREXQUANT INVESTMENT LP | 448.1K +211.3K (+89.3%) | 7.38M +3.6M (+94.0%) | 0.52% +0.244 pp | 0.07% +0.027 pp | USD17.10 -3.6% | 3 qtrs — |
| 15 | JANE STREET GROUP, LLC | 423.2K +327.9K (+344.4%) | 6.97M +5.4M (+355.4%) | 0.49% +0.378 pp | 0.00% +0.001 pp | USD16.98 -2.9% | 6 qtrs — |
| 16 | WELLS FARGO & COMPANY/MN | 408.4K +51.8K (+14.5%) | 6.73M +996.0K (+17.4%) | 0.47% +0.061 pp | 0.00% +0.000 pp | USD19.14 -13.9% | 8 qtrs — |
| 17 | HRT FINANCIAL LP | 394.2K +394.2K (+100.0%) | 6.50M +6.5M (+100.0%) | 0.45% +0.454 pp | 0.02% +0.021 pp | USD16.48 +0.0% | 6 qtrs — |
| 18 | FRANKLIN RESOURCES INC | 371.1K -3.7K (-1.0%) | 6.12M +89.5K (+1.5%) | 0.43% -0.003 pp | 0.00% +0.000 pp | USD19.88 -17.1% | 6 qtrs — |
| 19 | LIBERTY MUTUAL GROUP ASSET MANAGEMENT INC. | 359.8K +359.8K (+100.0%) | 5.93M +5.9M (+100.0%) | 0.41% +0.414 pp | 0.56% +0.564 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 20 | TRUFFLE HOUND CAPITAL, LLC | 320.0K +320.0K (+100.0%) | 5.27M +5.3M (+100.0%) | 0.37% +0.369 pp | 1.37% +1.374 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 21 | TT CAPITAL MANAGEMENT LLC | 302.9K +5.4K (+1.8%) | 4.99M +207.8K (+4.3%) | 0.35% +0.008 pp | 3.98% +0.323 pp | USD19.08 -13.6% | 5 qtrs — |
| 22 | MILLENNIUM MANAGEMENT LLC | 268.6K -82.8K (-23.6%) | 4.43M -1.2M (-21.7%) | 0.31% -0.094 pp | 0.00% -0.001 pp | USD19.41 -15.1% | 6 qtrs — |
| 23 | HENNION & WALSH ASSET MANAGEMENT, INC. | 258.9K +60.4K (+30.4%) | 4.27M +1.1M (+33.7%) | 0.30% +0.070 pp | 0.15% +0.032 pp | USD18.19 -9.4% | 5 qtrs — |
| 24 | TWO SIGMA ADVISERS, LP | 249.4K +157.6K (+171.7%) | 4.11M +2.6M (+178.4%) | 0.29% +0.182 pp | 0.01% +0.005 pp | USD16.95 -2.8% | 5 qtrs — |
| 25 | RUSSELL INVESTMENTS GROUP, LTD. | 242.4K +242.4K (+100.0%) | 4.00M +4.0M (+100.0%) | 0.28% +0.279 pp | 0.00% +0.004 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 26 | SFMG, LLC | 238.0K -21.3K (-8.2%) | 3.92M -247.3K (-5.9%) | 0.27% -0.023 pp | 0.26% -0.026 pp | USD20.31 -18.9% | 5 qtrs — |
| 27 | CITADEL ADVISORS LLC | 230.3K +159.4K (+224.8%) | 3.80M +2.7M (+232.9%) | 0.27% +0.184 pp | 0.00% +0.000 pp | USD17.81 -7.5% | 8 qtrs — |
| 28 | FOSUN INTERNATIONAL LTD | 221.9K +221.9K (+100.0%) | 3.66M +3.7M (+100.0%) | 0.26% +0.256 pp | 0.85% +0.851 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 29 | ACTIVEST WEALTH MANAGEMENT | 195.6K +70.3K (+56.1%) | 3.22M +1.2M (+60.0%) | 0.23% +0.082 pp | 0.60% +0.194 pp | USD18.79 -12.3% | 6 qtrs — |
| 30 | CULLEN/FROST BANKERS, INC. | 184.1K +184.1K (+100.0%) | 3.03M +3.0M (+100.0%) | 0.21% +0.212 pp | 0.03% +0.033 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 31 | POINT72 ASSET MANAGEMENT, L.P. | 178.9K +178.9K (+100.0%) | 2.95M +2.9M (+100.0%) | 0.21% +0.206 pp | 0.00% +0.003 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 32 | JPMORGAN CHASE & CO | 178.3K +155.6K (+686.2%) | 2.94M +2.6M (+705.8%) | 0.21% +0.179 pp | 0.00% +0.000 pp | USD16.99 -3.0% | 7 qtrs — |
| 33 | RAYMOND JAMES FINANCIAL INC | 175.3K -38.3K (-17.9%) | 2.89M -546.0K (-15.9%) | 0.20% -0.043 pp | 0.00% 0.000 pp | USD20.38 -19.1% | 5 qtrs — |
| 34 | NEUBERGER BERMAN GROUP LLC | 166.1K -19.1K (-10.3%) | 2.74M -240.7K (-8.1%) | 0.19% -0.021 pp | 0.00% 0.000 pp | USD19.95 -17.4% | 5 qtrs — |
| 35 | GOLDMAN SACHS GROUP INC | 160.5K +2.6K (+1.7%) | 2.65M +106.8K (+4.2%) | 0.18% +0.004 pp | 0.00% +0.000 pp | USD16.72 -1.4% | 3 qtrs — |
| 36 | GRANITESHARES ADVISORS LLC | 159.2K +159.2K (+100.0%) | 2.62M +2.6M (+100.0%) | 0.18% +0.183 pp | 1.59% +1.593 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 37 | RENAISSANCE TECHNOLOGIES LLC | 133.5K -389.3K (-74.5%) | 2.20M -6.2M (-73.8%) | 0.15% -0.446 pp | 0.00% -0.008 pp | USD16.31 +1.0% | 6 qtrs — |
| 38 | SHIKIAR ASSET MANAGEMENT INC | 130.5K +9.6K (+7.9%) | 2.15M +207.0K (+10.6%) | 0.15% +0.012 pp | 0.54% +0.047 pp | USD20.03 -17.7% | 5 qtrs — |
| 39 | SCHONFELD STRATEGIC ADVISORS LLC | 130.3K +130.3K (+100.0%) | 2.15M +2.1M (+100.0%) | 0.15% +0.150 pp | 0.01% +0.010 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 40 | BI ASSET MANAGEMENT FONDSMAEGLERSELSKAB A/S | 129.8K +75.9K (+140.8%) | 2.14M +1.3M (+146.9%) | 0.15% +0.088 pp | 0.02% +0.011 pp | USD17.13 -3.8% | 5 qtrs — |
| 41 | NAVITER WEALTH, LLC | 122.5K -38.9K (-24.1%) | 2.08M -589.9K (-22.1%) | 0.14% -0.044 pp | 0.27% -0.040 pp | USD20.55 -19.8% | 5 qtrs — |
| 42 | ADAMS ASSET ADVISORS, LLC | 111.4K +1.8K (+1.6%) | 1.84M +72.9K (+4.1%) | 0.13% +0.003 pp | 0.24% +0.014 pp | USD19.13 -13.9% | 6 qtrs — |
| 43 | QUANTBOT TECHNOLOGIES LP | 108.5K +95.8K (+752.9%) | 1.79M +1.6M (+774.1%) | 0.13% +0.110 pp | 0.06% +0.054 pp | USD16.59 -0.7% | 3 qtrs — |
| 44 | ROCKEFELLER CAPITAL MANAGEMENT L.P. | 104.8K +6.9K (+7.1%) | 1.73M +153.0K (+9.7%) | 0.12% +0.008 pp | 0.00% +0.000 pp | USD18.99 -13.2% | 6 qtrs — |
| 45 | ARES MANAGEMENT LLC | 100.0K +100.0K (+100.0%) | 1.65M +1.6M (+100.0%) | 0.12% +0.115 pp | 0.09% +0.094 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 46 | STIFEL FINANCIAL CORP | 93.7K -45.7K (-32.8%) | 1.54M -697.1K (-31.1%) | 0.11% -0.052 pp | 0.00% -0.001 pp | USD20.25 -18.6% | 8 qtrs — |
| 47 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 88.5K +42.1K (+90.6%) | 1.46M +711.8K (+95.4%) | 0.10% +0.049 pp | 0.00% +0.000 pp | USD17.21 -4.2% | 4 qtrs — |
| 48 | XTX TOPCO LTD | 81.6K +81.6K (+100.0%) | 1.34M +1.3M (+100.0%) | 0.09% +0.094 pp | 0.04% +0.035 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 49 | HBK INVESTMENTS L P | 77.4K +77.4K (+100.0%) | 1.28M +1.3M (+100.0%) | 0.09% +0.089 pp | 0.01% +0.010 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 50 | AQUATIC CAPITAL MANAGEMENT LLC | 77.3K +50.2K (+185.5%) | 1.27M +838.8K (+192.6%) | 0.09% +0.058 pp | 0.04% +0.028 pp | USD16.34 +0.9% | 2 qtrs — |
| 51 | LEGACY CAPITAL WEALTH PARTNERS, LLC | 77.0K +6.2K (+8.7%) | 1.27M +129.8K (+11.4%) | 0.09% +0.007 pp | 0.27% +0.025 pp | USD19.68 -16.3% | 4 qtrs — |
| 52 | LPL FINANCIAL LLC | 74.6K -46.1K (-38.2%) | 1.23M -710.8K (-36.6%) | 0.09% -0.053 pp | 0.00% 0.000 pp | USD19.68 -16.3% | 6 qtrs — |
| 53 | CONFLUENCE INVESTMENT MANAGEMENT LLC | 72.2K +1.3K (+1.8%) | 1.19M +49.9K (+4.4%) | 0.08% +0.002 pp | 0.02% +0.002 pp | USD19.01 -13.3% | 6 qtrs — |
| 54 | MAREX GROUP PLC | 71.1K +21.4K (+43.2%) | 1.17M +373.3K (+46.8%) | 0.08% +0.025 pp | 0.01% +0.002 pp | USD16.20 +1.7% | 2 qtrs — |
| 55 | STEWARD PARTNERS INVESTMENT ADVISORY, LLC | 68.4K +36.3K (+113.0%) | 1.13M +610.8K (+118.3%) | 0.08% +0.042 pp | 0.01% +0.003 pp | USD16.45 +0.2% | 5 qtrs — |
| 56 | LIDO ADVISORS, LLC | 63.6K +44.1K (+226.6%) | 1.05M +728.0K (+225.7%) | 0.07% +0.051 pp | 0.00% +0.002 pp | USD17.49 -5.8% | 5 qtrs — |
| 57 | DENALI ADVISORS LLC | 57.8K -14.2K (-19.7%) | 952.4K -204.8K (-17.7%) | 0.07% -0.016 pp | 0.11% -0.025 pp | USD20.66 -20.2% | 5 qtrs — |
| 58 | QUEST PARTNERS LLC | 54.0K +13.9K (+34.7%) | 890.3K +245.4K (+38.1%) | 0.06% +0.016 pp | 0.05% +0.008 pp | USD16.18 +1.9% | 2 qtrs — |
| 59 | BANK OF AMERICA CORP /DE/ | 50.7K -33.8K (-40.0%) | 835.7K -523.5K (-38.5%) | 0.06% -0.039 pp | 0.00% +0.000 pp | USD19.34 -14.8% | 6 qtrs — |
| 60 | MAI CAPITAL MANAGEMENT | 50.2K +50.2K (+100.0%) | 827.6K +827.6K (+100.0%) | 0.06% +0.058 pp | 0.00% +0.005 pp | USD16.48 +0.0% | 5 qtrs — |
| 61 | CAPTRUST FINANCIAL ADVISORS | 49.3K +— (+0.0%) | 813.2K +19.7K (+2.5%) | 0.06% +0.000 pp | 0.00% 0.000 pp | USD20.11 -18.1% | 6 qtrs — |
| 62 | QUADRATURE CAPITAL LTD | 48.9K -1.8K (-3.6%) | 805.3K -9.4K (-1.2%) | 0.06% -0.002 pp | 0.01% -0.001 pp | USD16.08 +2.5% | 2 qtrs — |
| 63 | BEACON POINTE ADVISORS, LLC | 47.2K +23.7K (+100.8%) | 777.7K +399.8K (+105.8%) | 0.05% +0.027 pp | 0.01% +0.002 pp | USD16.28 +1.2% | 2 qtrs — |
| 64 | ROYAL BANK OF CANADA | 47.2K -27.7K (-37.0%) | 777.0K -427.0K (-35.5%) | 0.05% -0.032 pp | 0.00% 0.000 pp | USD20.01 -17.6% | 8 qtrs — |
| 65 | TRUIST FINANCIAL CORP | 42.6K -9.4K (-18.1%) | 702.7K -134.6K (-16.1%) | 0.05% -0.011 pp | 0.00% 0.000 pp | USD18.72 -12.0% | 6 qtrs — |
| 66 | AMERIPRISE FINANCIAL INC | 40.5K -2.9K (-6.8%) | 667.7K -31.0K (-4.4%) | 0.05% -0.003 pp | 0.00% +0.000 pp | USD19.93 -17.3% | 4 qtrs — |
| 67 | CETERA INVESTMENT ADVISERS | 40.1K +9.1K (+29.5%) | 660.5K +162.9K (+32.8%) | 0.05% +0.011 pp | 0.00% +0.000 pp | USD18.34 -10.1% | 4 qtrs — |
| 68 | PATHSTONE HOLDINGS, LLC | 35.1K +5.2K (+17.4%) | 580.2K +97.6K (+20.2%) | 0.04% +0.006 pp | 0.00% +0.000 pp | USD19.40 -15.1% | 4 qtrs — |
| 69 | COLONY GROUP, LLC | 34.1K +34.1K (+100.0%) | 564.7K +564.7K (+100.0%) | 0.04% +0.039 pp | 0.00% +0.001 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 70 | COMMONWEALTH EQUITY SERVICES, LLC | 34.1K -8.7K (-20.2%) | 562.2K -125.8K (-18.3%) | 0.04% -0.010 pp | 0.00% 0.000 pp | USD18.94 -13.0% | 5 qtrs — |
| 71 | ADVISOR GROUP HOLDINGS, INC. | 32.8K -3.0K (-8.5%) | 540.7K -67.3K (-11.1%) | 0.04% -0.003 pp | 0.00% 0.000 pp | USD19.74 -16.5% | 6 qtrs — |
| 72 | VIRTU FINANCIAL LLC | 31.7K +31.7K (+100.0%) | 523.0K +523.0K (+100.0%) | 0.04% +0.037 pp | 0.02% +0.020 pp | USD16.48 +0.0% | 4 qtrs — |
| 73 | SQUAREPOINT OPS LLC | 29.8K -103.0 (-0.3%) | 491.0K +10.3K (+2.1%) | 0.03% +0.000 pp | 0.00% +0.000 pp | USD20.12 -18.1% | 5 qtrs — |
| 74 | ENTROPY TECHNOLOGIES, LP | 29.2K +29.2K (+100.0%) | 481.3K +481.3K (+100.0%) | 0.03% +0.034 pp | 0.03% +0.026 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 75 | NORTHERN TRUST CORP | 28.0K +305.0 (+1.1%) | 460.7K +16.1K (+3.6%) | 0.03% +0.001 pp | 0.00% +0.000 pp | USD19.18 -14.1% | 4 qtrs — |
| 76 | INVESCO LTD. | 27.9K -40.5K (-59.2%) | 460.0K -639.3K (-58.2%) | 0.03% -0.046 pp | 0.00% 0.000 pp | USD18.68 -11.8% | 6 qtrs — |
| 77 | ENVESTNET ASSET MANAGEMENT INC | 27.6K +8.9K (+47.7%) | 455.3K +154.5K (+51.4%) | 0.03% +0.010 pp | 0.00% +0.000 pp | USD17.95 -8.2% | 5 qtrs — |
| 78 | VIRTUS INVESTMENT ADVISERS, INC. | 26.3K -4.0K (-13.3%) | 433.1K -54.1K (-11.1%) | 0.03% -0.005 pp | 0.12% -0.022 pp | USD18.69 -11.8% | 4 qtrs — |
| 79 | FIDUCIARY GROUP LLC | 24.0K -326.0 (-1.3%) | 396.0K +4.4K (+1.1%) | 0.03% 0.000 pp | 0.03% -0.001 pp | USD17.23 -4.4% | 3 qtrs — |
| 80 | CLEARSTEAD ADVISORS, LLC | 24.0K +614.0 (+2.6%) | 395.5K +19.5K (+5.2%) | 0.03% +0.001 pp | 0.01% +0.000 pp | USD19.98 -17.5% | 6 qtrs — |
| 81 | CENTIVA CAPITAL, LP | 22.9K -128.0K (-84.8%) | 377.6K -2.0M (-84.4%) | 0.03% -0.147 pp | 0.00% -0.020 pp | USD16.08 +2.5% | 2 qtrs — |
| 82 | OPPENHEIMER & CO INC | 22.8K -237.0 (-1.0%) | 376.5K +5.3K (+1.4%) | 0.03% 0.000 pp | 0.01% +0.001 pp | USD18.88 -12.7% | 4 qtrs — |
| 83 | GLOBAL STRATEGIC INVESTMENT SOLUTIONS, LLC | 21.3K +2.9K (+16.0%) | 350.9K +55.7K (+18.9%) | 0.02% +0.004 pp | 0.03% +0.005 pp | USD18.27 -9.8% | 3 qtrs — |
| 84 | GENERALI INVESTMENTS CEE, INVESTICNI SPOLECNOST, A.S. | 20.7K +— (+0.0%) | 341.5K +8.3K (+2.5%) | 0.02% +0.000 pp | 0.02% -0.001 pp | USD19.96 -17.4% | 4 qtrs — |
| 85 | JAFFETILCHIN INVESTMENT PARTNERS, LLC | 20.2K +20.2K (+100.0%) | 332.8K +332.8K (+100.0%) | 0.02% +0.023 pp | 0.02% +0.020 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 86 | ALMITAS CAPITAL LLC | 20.0K +20.0K (+100.0%) | 329.6K +329.6K (+100.0%) | 0.02% +0.023 pp | 0.07% +0.073 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 87 | NATIONAL BANK OF CANADA /FI/ | 19.2K +2.4K (+14.6%) | 317.0K +47.0K (+17.4%) | 0.02% +0.003 pp | 0.00% +0.000 pp | USD16.83 -2.1% | 5 qtrs — |
| 88 | EVERPAR ADVISORS LLC | 18.5K -6.6K (-26.2%) | 305.7K -98.4K (-24.4%) | 0.02% -0.008 pp | 0.11% -0.046 pp | USD20.00 -17.6% | 6 qtrs — |
| 89 | SANCTUARY ADVISORS, LLC | 18.5K -2.2K (-10.8%) | 305.3K -28.7K (-8.6%) | 0.02% -0.003 pp | 0.00% 0.000 pp | USD20.11 -18.1% | 5 qtrs — |
| 90 | NOMURA HOLDINGS INC | 17.4K +17.4K (+100.0%) | 286.5K +286.5K (+100.0%) | 0.02% +0.020 pp | 0.00% +0.000 pp | USD16.48 +0.0% | 1 qtrs NEW |
| 91 | GUGGENHEIM CAPITAL LLC | 17.3K +2.8K (+19.1%) | 285.5K +51.6K (+22.1%) | 0.02% +0.003 pp | 0.00% +0.000 pp | USD16.14 +2.1% | 2 qtrs — |
| 92 | FOUNTAINHEAD AM, LLC | 17.2K -41.8K (-70.8%) | 283.8K -666.0K (-70.1%) | 0.02% -0.048 pp | 0.42% +0.296 pp | USD19.89 -17.1% | 6 qtrs — |
| 93 | ICON WEALTH ADVISORS, LLC | 16.9K +471.0 (+2.9%) | 278.4K +14.3K (+5.4%) | 0.02% +0.001 pp | 0.02% +0.001 pp | USD20.16 -18.3% | 7 qtrs — |
| 94 | TRUEMARK INVESTMENTS, LLC | 15.0K -10.0K (-39.9%) | 247.2K -154.4K (-38.4%) | 0.02% -0.011 pp | 0.05% -0.023 pp | USD16.08 +2.5% | 2 qtrs — |
| 95 | MERCER GLOBAL ADVISORS INC /ADV | 14.9K +363.0 (+2.5%) | 245.6K +11.8K (+5.0%) | 0.02% +0.001 pp | 0.00% +0.000 pp | USD18.67 -11.7% | 3 qtrs — |
Ownership breakdown by holder
ETF Ownership
Top ETFs holding this stock
Held by 5 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | Putnam BDC Income ETF PBDC | 2.57% | 7.10M | 13.49% |
| 2 | GraniteShares HIPS US High Income ETF HIPS | 2.28% | 2.51M | 1.17% |
| 3 | FT Confluence BDC & Specialty Finance Income ETF FBDC | 2.20% | 757.4K | 12.44% |
| 4 | VanEck BDC Income ETF BIZD | 1.56% | 25.05M | 9.69% |
| 5 | Virtus Private Credit Strategy ETF VPC | 1.25% | 379.3K | 10.60% |
Insider Activity
Insider Activity — Latest Quarter
Ratio by transactions
0.00
Bearish
Buys
5
Sells
0
Shares acquired
23.0K
Shares disposed
—
Cash buys
5.00
Cash sales
—
Net activity
+23,000
Insider buys vs sells (history)
From
To
Recent insider transactions
From
To
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-05 | Day Jeff M. | Officer | P-Purchase | A | Common Stock, par value $0.001 per share | 5,000 | 14.90 | 74.5K | 22,818 | I | ↗ |
| 2026-03-03 | Mizrachi Orit | Officer | P-Purchase | A | Common Stock, par value $0.001 per share | 1,000 | 14.49 | 14.5K | 5,867 | D | ↗ |
| 2026-03-03 | MILLER DAVID N | Director | P-Purchase | A | Common Stock, par value $0.001 per share | 5,000 | 14.69 | 73.5K | 15,000 | D | ↗ |
| 2026-03-02 | Occi Michael Jr. | Director / Officer | P-Purchase | A | Common Stock, par value $0.001 per share | 7,000 | 14.87 | 104.1K | 28,500 | D | ↗ |
| 2026-03-02 | MILLER DAVID N | Director | P-Purchase | A | Common Stock, par value $0.001 per share | 5,000 | 14.68 | 73.4K | 10,000 | D | ↗ |
| 2026-01-01 | Brown Hope L. | — | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2025-11-11 | Krishnan Ashwin | Officer | P-Purchase | A | Common Stock, par value $0.001 per share | 3,000 | 16.72 | 50.2K | 3,000 | D | ↗ |
| 2025-11-10 | FRANK BRUCE D | Director | P-Purchase | A | Common Stock, par value $0.001 per share | 600 | 16.41 | 9.8K | 4,387 | I | ↗ |
| 2025-10-06 | Binstock Joan | Director | P-Purchase | A | Common Stock, par value $0.001 per share | 9,030 | 16.64 | 150.2K | 50,042 | I | ↗ |
| 2025-08-14 | Shannon Kevin | Director | P-Purchase | A | Common Stock, par value $0.001 per share | 5,000 | 17.70 | 88.5K | 29,079 | D | ↗ |
| 2025-08-14 | Pessah David | Officer | P-Purchase | A | Common Stock, par value $0.001 per share | 3,400 | 17.72 | 60.3K | 5,400 | D | ↗ |
| 2025-08-13 | Metz Adam S | Director | P-Purchase | A | Common Stock, par value $0.001 per share | 28,248 | 17.67 | 499.1K | 28,248 | I | ↗ |
| 2025-08-12 | Occi Michael Jr. | Officer | P-Purchase | A | Common Stock, par value $0.001 per share | 14,000 | 17.78 | 248.9K | 21,500 | D | ↗ |
| 2025-08-12 | MILLER DAVID N | Director | P-Purchase | A | Common Stock, par value $0.001 per share | 10,000 | 17.69 | 176.9K | 17,168 | I | ↗ |
| 2025-08-12 | Day Jeff M. | Officer | P-Purchase | A | Common Stock, par value $0.001 per share | 5,650 | 17.70 | 100.0K | 17,818 | I | ↗ |
| 2025-08-11 | Binstock Joan | Director | P-Purchase | A | Common Stock, par value $0.001 per share | 5,659 | 17.69 | 100.1K | 39,251 | I | ↗ |
| 2025-07-24 | Krishnan Ashwin | — | — | — | — | 0 | 0.00 | — | 0 | — | ↗ |
| 2025-07-24 | Day Jeff M. | Officer | — | — | Common Stock, par value $0.001 per share | 0 | 0.00 | — | 12,168 | I | ↗ |
| 2025-06-06 | Shannon Kevin | Director | P-Purchase | A | Common Stock, par value $0.001 per share | 2,300 | 19.44 | 44.7K | 2,300 | I | ↗ |
Executive team
Top executives
Shares Outstanding
85.29M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
Recent SEC filings
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Ashwin Krishnan | Chief Investment Officer | — | male |
| David Pessah | Chief Financial Officer | — | male |
| Erin Hood | Secretary | — | female |
| Hope Lynne Brown Saxton | Chief Compliance Officer | — | female |
| Jeffrey Day | Co-President | — | male |
| Jonathan Frohlinger | Principal Accounting Officer | — | male |
| Michael Occi Jr. | Chief Executive Officer & Director | — | male |
| Orit Mizrachi | Co- President & COO | — | female |
| Sanna Johnson | Investor Relations Contact | — | female |
ESG Rating
ESG Score History FINANCIAL - CONGLOMERATES
Benchmark vs Sector
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for MSDL
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
