GAIN
Gladstone Investment
Portfolio Fair Value
$1.22B
64 holdings
Avg Spread
+8.60%
FV-weighted, debt
Avg Coupon
12.91%
FV-weighted
% First Lien
0.0%
of debt FV
Unrealized P/L
+$163.89M
+15.48% of cost
Non-Accrual
5
text-detected
Balance sheet
Assets$1.24B
Liabilities + Equity$1.24B
Other Debt
$694.79M · 56.2%
Other Debt
$694.79M · 56.2%
Equity
$528.00M · 42.7%
Equity
$528.00M · 42.7%
Cash & Equivalents
$1.35M · 0.1%
Other Assets
$12.48M · 1.0%
Debt (Borrowings)
$571.84M · 46.2%
Debt (Borrowings)
$571.84M · 46.2%
Other Liabilities
$69.37M · 5.6%
Net Assets (Equity)
$595.41M · 48.1%
Net Assets (Equity)
$595.41M · 48.1%
Industry Composition
Diversified/Conglomerate Services
15.9%
Aerospace and Defense
14.5%
Home and Office Furnishings, Housewares, and Durable Consumer Products
13.6%
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
11.8%
Oil and Gas
10.2%
Leisure, Amusement, Motion Pictures, and Entertainment
8.5%
Buildings and Real Estate
5.8%
Electronics
5.5%
Chemicals, Plastics, and Rubber
4.2%
Healthcare, Education, and Childcare
3.7%
Mining, Steel, Iron and Non-Precious Metals
3.0%
Cargo Transport
0.8%
Other industries
2.3%
Spread Distribution
0.5%
1.0%
2.0%
3.0%
4.0%
5.0%
5.5%
6.0%
7.0%
8.0%
8.5%
9.0%
9.5%
10.0%
10.5%
11.0%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
64 of 64
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Common Stock | $90.07M | $30.75M | $59.32M | — | — | — |
Detroit Defense, Inc. | Aerospace and Defense | Term Debt | $61.30M | $61.30M | $0.00 | 13.00% | +9.00% | — |
The E3 Company, LLC | Oil and Gas | Preferred Stock | $57.97M | $11.23M | $46.73M | — | — | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $56.94M | $4.00M | $52.94M | — | — | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Term Debt #1 | $54.64M | $54.64M | $0.00 | 12.50% | +7.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $49.13M | $6.65M | $42.48M | — | — | — |
Nielsen-Kellerman Acquisition Corp. | Electronics | Term Debt | $48.08M | $48.08M | $0.00 | 13.50% | +8.50% | — |
Global GRAB Technologies, Inc. | Aerospace and Defense | Term Debt | $46.50M | $46.50M | $0.00 | 13.50% | +9.00% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Term Debt | $38.25M | $38.25M | $0.00 | 14.70% | +11.00% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt | $38.00M | $38.00M | $0.00 | 13.20% | +9.50% | — |
Smart Chemical Solutions, LLC | Chemicals, Plastics, and Rubber | Term Debt | $35.66M | $35.66M | $0.00 | 13.50% | +9.00% | — |
The E3 Company, LLC | Oil and Gas | Term Debt | $33.75M | $33.75M | $0.00 | 13.50% | +9.00% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $33.50M | — | — | — | — | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Preferred Stock | $33.20M | $21.00M | $12.20M | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Term Debt | $30.00M | $30.00M | $0.00 | 14.20% | +10.50% | — |
The Maids International, LLC | Diversified/Conglomerate Services | Term Debt | $28.56M | $28.56M | $0.00 | 14.20% | +10.50% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Preferred Stock | $27.79M | $6.75M | $21.05M | — | — | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Term Debt | $26.39M | $57.70M | -$31.31M | 6.00% | +0.50% | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals | Preferred Stock | $25.88M | $6.00M | $19.88M | — | — | — |
Rowan Energy Inc. | Oil and Gas | Term Debt | $25.79M | $25.79M | $0.00 | 14.50% | +9.00% | — |
Global GRAB Technologies, Inc. | Aerospace and Defense | Preferred Stock | $25.34M | $21.10M | $4.24M | — | — | — |
Mason West, LLC | Diversified/Conglomerate Services | Term Debt | $25.25M | $25.25M | $0.00 | 13.70% | +10.00% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Term Debt | $22.00M | $22.00M | $0.00 | 14.70% | +11.00% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Term Debt | $21.98M | $21.98M | $0.00 | 14.70% | +11.00% | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Term Debt | $20.12M | $20.12M | $0.00 | 13.00% | +8.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt | $20.00M | $20.00M | $0.00 | 10.00% | +6.00% | — |
Nielsen-Kellerman Acquisition Corp. | Electronics | Preferred Stock | $19.50M | $22.17M | -$2.66M | — | — | — |
Mason West, LLC | Diversified/Conglomerate Services | Preferred Stock | $19.05M | $11.21M | $7.84M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #2 | $18.80M | $18.80M | $0.00 | 10.70% | +7.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #1 | $17.70M | $17.70M | $0.00 | 13.70% | +10.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $14.92M | $8.56M | $6.36M | — | — | — |
Detroit Defense, Inc. | Aerospace and Defense | Preferred Stock | $12.57M | $17.39M | -$4.82M | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt | $12.20M | $12.20M | $0.00 | 13.70% | +10.00% | — |
J.R. Hobbs Co. – Atlanta, LLC | Diversified/Conglomerate Services | Preferred Stock | $11.83M | $10.92M | $907.0K | — | — | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals | Term Debt | $11.00M | $11.00M | $0.00 | 13.70% | +10.00% | — |
Smart Chemical Solutions, LLC | Chemicals, Plastics, and Rubber | Preferred Stock | $10.83M | $13.84M | -$3.01M | — | — | — |
Diligent Delivery Systems | Cargo Transport | Term Debt | $9.93M | $13.00M | -$3.07M | 12.70% | +9.00% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services | Term Debt | $9.52M | $9.52M | $0.00 | 13.50% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $9.12M | $9.58M | -$467.0K | — | — | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Term Debt | $7.87M | $12.00M | -$4.13M | 13.00% | +9.00% | — |
Rowan Energy Inc. | Oil and Gas | Preferred Stock | $7.30M | $7.30M | $0.00 | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #1 | $6.90M | $6.90M | $0.00 | 7.80% | +4.10% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #2 | $6.85M | $6.85M | $0.00 | 13.70% | +10.00% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Preferred Stock | $5.17M | $46.75M | -$41.58M | — | — | — |
Gladstone Alternative Income Fund. | Finance | Common Equity | $5.08M | $5.00M | $75.0K | — | — | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $5.06M | $7.06M | -$2.00M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt | $4.11M | $14.00M | -$9.89M | 7.00% | +2.00% | — |
The Maids International, LLC | Diversified/Conglomerate Services | Preferred Stock | $3.28M | $6.64M | -$3.36M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Common Stock | $3.16M | $11.51M | -$8.36M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #1 | $3.08M | $3.08M | $0.00 | 7.00% | +2.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $2.99M | $3.20M | -$210.0K | 7.00% | +3.40% | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing | Line of Credit | $2.95M | $2.95M | $0.00 | 5.00% | +1.40% | — |
Global GRAB Technologies, Inc. | Aerospace and Defense | Line of Credit | $2.85M | $2.85M | $0.00 | 10.00% | +5.00% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services | Preferred Stock | $1.32M | $3.06M | -$1.74M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #2 | $1.05M | $1.05M | $0.00 | 7.00% | +2.00% | — |
Edge Adhesives Holdings, Inc | Diversified/Conglomerate Manufacturing | Term Debt | $703.0K | $9.21M | -$8.51M | 9.20% | +5.50% | — |
B+T Group Acquisition, Inc. | Telecommunications | Preferred Stock | $0.00 | $4.72M | -$4.72M | — | — | — |
Diligent Delivery Systems | Cargo Transport | Common Stock Warrants | $0.00 | $500.0K | -$500.0K | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing | Preferred Stock | $0.00 | $8.20M | -$8.20M | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Common Stock | $0.00 | $8.0K | -$8.0K | — | — | — |
Home Concepts Acquisition | Printing and Publishing | Inc.- Preferred Stock | $0.00 | $3.27M | -$3.27M | — | — | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Common Stock | $0.00 | $1.83M | -$1.83M | — | — | — |
Dreyfus Treasury Obligations Cash Management Fund | CASH EQUIVALENTS | Preferred Equity | — | — | — | 3.43% | — | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Preferred Stock | — | — | — | — | — | — |
Disclosed holdings FV
$1.22B
Parsed holdings FV
$1.22B
Residual gap
$0.00
Balance-sheet cash
$1.35M
CIK
0001321741
Accession
0001321741-26-000005
Form type
10-Q
Period
2025-12-31