Morgan Stanley Direct Lending Fund Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

NYSE:MSDL Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
11 Nov 25	BuyUS$50,160	Ashwin Krishnan	Individual	3,000	US$16.72
10 Nov 25	BuyUS$9,843	Bruce Frank	Individual	600	US$16.41
06 Oct 25	BuyUS$150,229	Joan Binstock	Individual	9,030	US$16.64
14 Aug 25	BuyUS$60,254	David Pessah	Individual	3,400	US$17.72
14 Aug 25	BuyUS$88,500	Kevin Shannon	Individual	5,000	US$17.70
13 Aug 25	BuyUS$499,122	Adam Metz	Individual	28,248	US$17.67
12 Aug 25	BuyUS$100,005	Jeffrey Day	Individual	5,650	US$17.70
12 Aug 25	BuyUS$248,851	Michael Occi	Individual	14,000	US$17.78
12 Aug 25	BuyUS$176,900	David Miller	Individual	10,000	US$17.69
11 Aug 25	BuyUS$100,079	Joan Binstock	Individual	5,659	US$17.69
06 Jun 25	BuyUS$194,294	Kevin Shannon	Individual	10,000	US$19.44

Insider Trading Volume

Insider Buying: MSDL insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of MSDL?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	290,872	0.329%
Institutions	31,903,491	36.1%
General Public	56,084,467	63.5%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 32.19% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
13.2%	Morgan Stanley	11,653,852	US$199.9m	1.56%	0.02%
4.66%	Morgan Stanley Investment Management Inc.	4,112,828	US$70.5m	2.6%	0.05%
2.23%	Van Eck Associates Corporation	1,967,697	US$33.7m	2.51%	0.02%
2.07%	Generali Asset Management SGR SpA	1,829,964	US$31.4m	3.86%	0.36%
1.12%	RiverNorth Capital Management, LLC	989,127	US$17.0m	377%	0.92%
1.09%	UBS Asset Management AG	964,299	US$16.5m	17.5%	no data
0.66%	Muzinich & Co., Inc.	584,621	US$10.0m	28.3%	3.81%
0.64%	Cowen Inc.	565,621	US$9.7m	0%	0.79%
0.62%	Marshall Wace LLP	543,182	US$9.3m	487%	0.01%
0.61%	Americana Partners, LLC	538,983	US$9.2m	42.5%	0.28%
0.59%	Renaissance Technologies LLC	522,788	US$9.0m	1,370%	0.01%
0.57%	Amova Asset Management Co., Ltd.	505,062	US$8.7m	36.2%	no data
0.55%	Mediobanca SGR SpA	487,527	US$8.4m	0%	0.59%
0.42%	Putnam LLC	374,761	US$6.4m	7.04%	no data
0.4%	Wells Fargo & Company	356,636	US$6.1m	13.6%	no data
0.4%	Millennium Management LLC	351,471	US$6.0m	-0.3%	no data
0.39%	Two Sigma Investments, LP	341,312	US$5.9m	123%	0.01%
0.34%	TT Capital Management LLC	297,559	US$5.1m	25.2%	3.98%
0.29%	SFMG, LLC	259,345	US$4.4m	0.35%	0.3%
0.27%	Trexquant Investment LP	236,752	US$4.1m	67.3%	0.04%
0.24%	Raymond James Financial, Inc.	213,619	US$3.7m	1.22%	no data
0.22%	Hennion & Walsh Asset Management, Inc.	198,538	US$3.4m	32.2%	0.12%
0.21%	Neuberger Berman Investment Advisers LLC	185,206	US$3.2m	-29.3%	no data
0.2%	Balyasny Asset Management L.P.	175,727	US$3.0m	95.5%	0.01%
0.18%	Naviter Wealth LLC	161,329	US$2.8m	-10.5%	0.32%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/12/18 02:49
End of Day Share Price	2025/12/17 00:00
Earnings	N/A
Annual Earnings	N/A

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

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Analyst Sources

Morgan Stanley Direct Lending Fund is covered by 8 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Melissa Wedel	J.P. Morgan
Paul Johnson	Keefe, Bruyette, & Woods
Ryan Lynch	Keefe, Bruyette, & Woods