Nuveen Churchill Direct Lending (NCDL)

NCDLC CLO-I, LLC • NCDLC CLO-II, LLC • NCDLC CLO-III, LLC • Nuveen Churchill BDC SPV IV, LLC • Nuveen Churchill BDC SPV V, LLC • NCDL Equity Holdings LLC ...

NCDL stock data

1M 3M 6M 1Y

Latest filings (excl ownership)

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424B2

Prospectus for primary offering

10 Mar 25

8-K

Entry into a Material Definitive Agreement

10 Mar 25

8-K

Nuveen Churchill Direct Lending Corp. Announces Full Year and Fourth Quarter 2024 Results

26 Feb 25

Departure of Directors or Certain Officers

14 Feb 25

8-K

Termination of a Material Definitive Agreement

29 Jan 25

8-K

Entry into a Material Definitive Agreement

22 Jan 25

424B2

Prospectus for primary offering

15 Jan 25

8-K

Entry into a Material Definitive Agreement

15 Jan 25

FWP

Free writing prospectus

14 Jan 25

Transcripts

NCDL

Earnings call transcript

2024 Q4

27 Feb 25

NCDL

Earnings call transcript

2024 Q3

7 Nov 24

NCDL

Earnings call transcript

2024 Q2

7 Aug 24

NCDL

Earnings call transcript

2024 Q1

9 May 24

Latest ownership filings

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Blue Owl Capital Holdings LP

TEACHERS INSURANCE & ANNUITY ASSOCIATION OF AMERICA

15 Feb 24

SC 13G/A

Kuvare Insurance Services LP

14 Feb 24

INSURANCE & ANNUITY ASSOCIATION OF AMERICA TEACHERS

Financial summary

Financial statements Chart NCDL financial data

Quarter (USD)	Dec 24	Sep 24	Jun 24	Mar 24
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 24	Dec 23	Dec 22	Dec 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	43.30 mm	43.30 mm	43.30 mm	43.30 mm	43.30 mm	43.30 mm
Cash burn (monthly)	8.68 mm	2.01 mm	6.82 mm	4.11 mm	(no burn)	24.77 mm
Cash used (since last report)	21.60 mm	5.00 mm	16.96 mm	10.23 mm	n/a	61.61 mm
Cash remaining	21.70 mm	38.30 mm	26.34 mm	33.08 mm	n/a	-18.31 mm
Runway (months of cash)	2.5	19.0	3.9	8.0	n/a	-0.7

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Institutional ownership, Q4 2024

NCDL institutional ownership history Ownership history

30.8% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	80	50	+60.0%
Opened positions	33	50	-34.0%
Closed positions	3	0	NEW
Increased positions	37	0	NEW
Reduced positions	4	0	NEW

13F shares	Current	Prev Q	Change
Total value	264.51 bn	204.61 bn	+29.3%
Total shares	15.97 mm	11.92 mm	+34.0%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Blue Owl Capital	4.04 mm	$67.78 bn	0.0%
CI Private Wealth	2.71 mm	$45.51 bn	+9.5%
Nuveen Asset Management	1.66 mm	$27.89 bn	0.0%
JPM JPMorgan Chase & Co.	751.44 k	$12.61 bn	+94.3%
SF Stifel Financial	507.45 k	$8.51 bn	-4.9%
Millennium Management	437.99 k	$7.35 bn	+361.6%
Snowden Capital Advisors	419.54 k	$7.27 bn	+100.1%
Opal Wealth Advisors	400.23 k	$6.72 bn	+105.6%
GS The Goldman Sachs Group, Inc.	376.87 k	$6.32 bn	+459.6%
Callodine Capital Management	350.39 k	$5.88 bn	0.0%

Largest transactions	Shares	Bought/sold	Change
JPM JPMorgan Chase & Co.	751.44 k	+364.74 k	+94.3%
Millennium Management	437.99 k	+343.11 k	+361.6%
GS The Goldman Sachs Group, Inc.	376.87 k	+309.52 k	+459.6%
Ieq Capital	285.94 k	+285.94 k	NEW
WFC Wells Fargo & Company	267.71 k	+257.29 k	+2468.4%
CI Private Wealth	2.71 mm	+234.40 k	+9.5%
Snowden Capital Advisors	419.54 k	+209.82 k	+100.1%
Opal Wealth Advisors	400.23 k	+205.59 k	+105.6%
Marshall Wace	241.04 k	+193.19 k	+403.7%
Renaissance Technologies	267.90 k	+159.10 k	+146.2%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

NCDL insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
3 Dec 24	Shaul Vichness	Common Stock	Buy	Acquire P	Yes	No	17.27	5,000	86.35 k	5,000
2 Dec 24	Kenneth J. Kencel	Common Stock	Buy	Acquire P	Yes	No	17.3685	10,000	173.69 k	20,000
2 Dec 24	Kenneth J. Kencel	Common Stock	Buy	Acquire P	Yes	No	17.3685	10,000	173.69 k	20,000
27 Nov 24	Kenneth J. Kencel	Common Stock	Buy	Acquire P	Yes	No	17.3503	10,000	173.50 k	10,000
27 Nov 24	Kenneth J. Kencel	Common Stock	Buy	Acquire P	Yes	No	17.3503	10,000	173.50 k	10,000
29 Jan 24	TIAA Real Estate Account	Common Stock	Buy	Acquire P	No	No	18.05	1,662,050	30.00 mm	6,810,466