Nuveen Churchill Direct Lending Corp. (NCDL) reported second-quarter 2026 net investment income of $0.41 per share and a net increase in net assets resulting from operations of $0.07 per share. Investment income was $44.3 million for the three months ended June 30, 2026, compared with $53.1 million a year earlier.
The company declared a third-quarter distribution of $0.38 per share, consisting of a $0.36 regular distribution and a $0.02 supplemental distribution. NCDL also reported portfolio investments with a fair value of $1.9 billion across 244 companies as of June 30, 2026.
- Net asset value was $17.19 per share, compared with $17.50 as of March 31, 2026.
- Net expenses were $24.1 million for the quarter, down from $30.3 million a year earlier.
- NCDL funded $24.8 million of portfolio investments and received $67.5 million from principal repayments and sales.
- The company redeemed CLO-III in full at par on July 7 and issued an additional $100 million of existing 2030 Notes on July 10.
- As of June 30, investments on non-accrual status represented 1.5% of total investments at fair value.
$NCDL Insider Trading Activity
$NCDL insiders have traded $NCDL stock on the open market 11 times in the past 6 months. Of those trades, 11 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $NCDL stock by insiders over the last 6 months:
- KENNETH J. KENCEL (CEO & President) has made 2 purchases buying 20,000 shares for an estimated $260,768 and 0 sales.
- JAMES JOSEPH RITCHIE purchased 17,857 shares for an estimated $244,819
- SHAUL VICHNESS (Chief Financial Off./Treasurer) has made 2 purchases buying 10,000 shares for an estimated $131,650 and 0 sales.
- JOHN MCCALLY (Vice President & Secretary) has made 2 purchases buying 9,500 shares for an estimated $126,120 and 0 sales.
- JASON STRIFE purchased 7,690 shares for an estimated $103,046
- MARISSA HASSEN (Chief Accounting Officer) purchased 3,782 shares for an estimated $49,960
- KENNETH M. MIRANDA purchased 3,000 shares for an estimated $38,490
- MAT LINETT purchased 2,000 shares for an estimated $26,099
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$NCDL Hedge Fund Activity
We have seen 35 institutional investors add shares of $NCDL stock to their portfolio, and 37 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BROWN BROTHERS HARRIMAN & CO added 582,000 shares (+171.2%) to their portfolio in Q1 2026, for an estimated $7,403,040
- VAN ECK ASSOCIATES CORP removed 325,526 shares (-38.8%) from their portfolio in Q1 2026, for an estimated $4,140,690
- CENTURION WEALTH MANAGEMENT LLC added 312,308 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,878,865
- ARES MANAGEMENT LLC added 214,008 shares (+59.3%) to their portfolio in Q1 2026, for an estimated $2,722,181
- CORIENT PRIVATE WEALTH LLC removed 172,144 shares (-9.0%) from their portfolio in Q1 2026, for an estimated $2,189,671
- DIAMETER CAPITAL PARTNERS LP added 158,561 shares (+13.0%) to their portfolio in Q1 2026, for an estimated $2,016,895
- TWO SIGMA INVESTMENTS, LP added 157,682 shares (+33.3%) to their portfolio in Q1 2026, for an estimated $2,005,715
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
