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Stephen Lane Nesbitt bought $21M of CELFX

President/Interested Trustee at Cliffwater Enhanced Lending Fund. 1,948,811 shares at an average of $10.93, traded May 7, 2025, filed May 9, 2025.

Conviction score
65
Value
$21M
1,948,811 shares
Holdings after
3,911,029
+99% from before
From 52-week low
+7%
low $8.98, close $9.58
From 52-week high
0%
high $9.58, as of May 7, 2025

Score components

  • Role
    President
    +20
  • Trade size
    $21.3M at market
    +25
  • Relative to holdings
    Holdings up 99%
    +10
  • Price context
    7% above the 52-week low
    +10
  • Cluster
    No other insider buying within 14 days
    0
  • Repeat buying
    First buy in 90 days
    0
  • Track record
    Too few past buys to judge (0 with prices)
    0

What happened after comparable buys

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m +1.4%, 3m +2.9%, 6m +5.7%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

CELFXOct 12, 2026 · close 10.74
Since filing May 9, 2025: +12.0%SPY +40.2% · excess -28.2%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001213900-25-041664, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
May 7, 2025POpen-market purchase
Class I Sharesindirect: JN and BN 2023 Trust
+1,948,811$10.93$21M3,911,029May 9, 2025

Related signals

Other insiders at Cliffwater Enhanced Lending Fund and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
42Moderate
Cliffwater Enhanced Lending Fund
Matthew Eugene Worley
director
$600k
54,645 shares
-
63Notable
Cliffwater Enhanced Lending Fund
Stephen Lane Nesbitt
President/Interested Trustee
$3.5M
321,691 shares
+9%
41Moderate
Cliffwater Enhanced Lending Fund
Dominic Jerome Garcia
director
$500k
45,413 shares
-
55Moderate
Cliffwater Enhanced Lending Fund
Stephen Lane Nesbitt
President
$13M
1,207,591 shares
+80%
55Moderate
Cliffwater Enhanced Lending Fund
Stephen Lane Nesbitt
President
$4.0M
371,747 shares
+66%
48Moderate
Cliffwater Enhanced Lending Fund
Stephen Lane Nesbitt
President
$3.8M
348,837 shares
-

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Stephen Lane Nesbitt bought $21M of CELFX | InsiderTell