Morgan Stanley Direct Lending Fund (MSDL)

Latest Price

$14.73

TTM P/E

21.35

Normalized P/E

8.53

Div Yield

Book Value

19.33

P/B Ratio

0.76

Valuation metrics

EPS: $1.40

Book value / share: $20.26

Formula: √(22.5 × EPS × BVPS)

Graham Number

$25.26

+72% upside

EPS: $1.40

Target P/E: 9×

Formula: EPS × P/E

P/E Fair Value

$12.60

14% downside

43.7% held by institutions

Institution	Shares	Value	Ownership %	Change	Filing Date
MORGAN STANLEY	15.72M	$237.0M	18.61%	-151.1K	2026-06-30
UBS Group AG	2.58M	$39.0M	3.05%	+984.5K	2026-06-30
VAN ECK ASSOCIATES CORP	2.01M	$30.0M	2.38%	+580.1K	2026-06-30
Generali Asset Management SPA SGR	1.83M	$27.0M	2.17%	--	2026-06-30
Russell Investments Group, Ltd.	1.06M	$16.0M	1.26%	+339.9K	2026-06-30
TWO SIGMA INVESTMENTS, LP	893.2K	$13.0M	1.06%	--	2026-06-30
Muzinich & Co., Inc.	838.9K	$12.0M	0.99%	+71.1K	2026-06-30
ARES MANAGEMENT LLC	775.1K	$11.0M	0.92%	+363.1K	2026-06-30
Ensign Peak Advisors, Inc	748.0K	$11.0M	0.89%	--	2026-06-30
Altshuler Shaham Ltd	650.4K	$9.0M	0.77%	--	2026-06-30