GAIN
Gladstone Investment
Portfolio Fair Value
$1.13B
63 holdings
Avg Spread
+8.57%
FV-weighted, debt
Avg Coupon
13.03%
FV-weighted
% First Lien
0.0%
of debt FV
Unrealized P/L
+$93.66M
+9.03% of cost
Non-Accrual
5
text-detected
Balance sheet
Assets$1.14B
Liabilities + Equity$1.14B
Other Debt
$684.61M · 59.8%
Other Debt
$684.61M · 59.8%
Equity
$446.25M · 39.0%
Equity
$446.25M · 39.0%
Cash & Equivalents
$210.0K · 0.0%
Other Assets
$13.37M · 1.2%
Debt (Borrowings)
$555.03M · 48.5%
Debt (Borrowings)
$555.03M · 48.5%
Other Liabilities
$53.56M · 4.7%
Net Assets (Equity)
$535.84M · 46.8%
Net Assets (Equity)
$535.84M · 46.8%
Industry Composition
Diversified/Conglomerate Services
16.7%
Aerospace and Defense
15.2%
Home and Office Furnishings, Housewares, and Durable Consumer Products
13.5%
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
11.5%
Leisure, Amusement, Motion Pictures, and Entertainment
7.4%
Oil and Gas
7.3%
Buildings and Real Estate
6.5%
Electronics
6.4%
Chemicals, Plastics, and Rubber
4.5%
Healthcare, Education, and Childcare
4.0%
Mining, Steel, Iron and Non-Precious Metals
3.4%
Printing and Publishing
1.0%
Other industries
2.4%
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
63 of 63
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Common Stock | $75.89M | $30.75M | $45.15M | — | — | — |
Detroit Defense, Inc. | Aerospace and Defense | Term Debt | $61.30M | $61.30M | $0.00 | 13.10% | +9.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Term Debt #1 | $54.64M | $54.64M | $0.00 | 12.50% | +7.00% | — |
The E3 Company, LLC | Oil and Gas | Preferred Stock | $49.30M | $11.23M | $38.07M | — | — | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $48.86M | $6.65M | $42.21M | — | — | — |
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 | 15.10% | +11.00% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt | $38.00M | $38.00M | $0.00 | 13.60% | +9.50% | — |
Smart Chemical Solutions, LLC | Chemicals, Plastics, and Rubber | Term Debt | $35.66M | $35.66M | $0.00 | 13.50% | +9.00% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Preferred Stock | $35.24M | $21.00M | $14.24M | — | — | — |
The E3 Company, LLC | Oil and Gas | Term Debt | $33.75M | $33.75M | $0.00 | 13.50% | +9.00% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Term Debt | $31.71M | $57.70M | -$25.99M | 6.00% | +0.50% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Term Debt | $30.00M | $30.00M | $0.00 | 14.60% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $29.26M | $4.00M | $25.26M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services | Term Debt | $28.56M | $28.56M | $0.00 | 14.60% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Term Debt | $27.98M | $27.98M | $0.00 | 15.10% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services | Term Debt | $25.25M | $25.25M | $0.00 | 14.10% | +10.00% | — |
Nielsen-Kellerman Acquisition Corp. | Electronics | Preferred Stock | $23.79M | $22.17M | $1.62M | — | — | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals | Preferred Stock | $23.30M | $6.00M | $17.30M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $22.24M | — | — | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Term Debt | $22.00M | $22.00M | $0.00 | 15.10% | +11.00% | — |
Global GRAB Technologies, Inc. | Aerospace and Defense | Preferred Stock | $21.10M | $21.10M | $0.00 | — | — | — |
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 #2 | $20.00M | $20.00M | $0.00 | 10.10% | +6.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #2 | $18.80M | $18.80M | $0.00 | 11.10% | +7.00% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Preferred Stock | $17.82M | $6.75M | $11.08M | — | — | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #1 | $17.70M | $17.70M | $0.00 | 14.10% | +10.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $15.77M | $8.56M | $7.21M | — | — | — |
Detroit Defense, Inc. | Aerospace and Defense | Preferred Stock | $15.59M | $17.39M | -$1.80M | — | — | — |
Mason West, LLC | Diversified/Conglomerate Services | Preferred Stock | $15.10M | $11.21M | $3.89M | — | — | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals | Term Debt | $15.00M | $15.00M | $0.00 | 14.10% | +10.00% | — |
J.R. Hobbs Co. – Atlanta, LLC | Diversified/Conglomerate Services | Preferred Stock | $12.36M | $10.92M | $1.44M | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt | $12.20M | $12.20M | $0.00 | 14.10% | +10.00% | — |
Smart Chemical Solutions, LLC | Chemicals, Plastics, and Rubber | Preferred Stock | $12.15M | $13.84M | -$1.70M | — | — | — |
Diligent Delivery Systems | Cargo Transport | Term Debt | $10.29M | $13.00M | -$2.71M | 13.10% | +9.00% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services | Term Debt | $9.52M | $9.52M | $0.00 | 13.50% | +9.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Term Debt | $9.32M | $12.00M | -$2.67M | 13.10% | +9.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #1 | $6.90M | $6.90M | $0.00 | 8.20% | +4.10% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #2 | $6.85M | $6.85M | $0.00 | 14.10% | +10.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $6.81M | $9.58M | -$2.77M | — | — | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $6.74M | $7.06M | -$322.0K | — | — | — |
Gladstone Alternative Income Fund. | Finance | Common Equity | $5.08M | $5.00M | $75.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt #1 | $3.55M | $14.00M | -$10.45M | 7.00% | +2.00% | — |
The Maids International, LLC | Diversified/Conglomerate Services | Preferred Stock | $3.39M | $6.64M | -$3.25M | — | — | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Preferred Stock | $3.37M | $46.75M | -$43.37M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #1 | $3.08M | $3.08M | $0.00 | 7.00% | +2.00% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services | Preferred Stock | $3.06M | $3.06M | $0.00 | — | — | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing | Line of Credit | $2.95M | $2.95M | $0.00 | 5.50% | +1.40% | — |
Global GRAB Technologies, Inc. | Aerospace and Defense | Line of Credit | $2.00M | $2.00M | $0.00 | 10.00% | +5.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Line of Credit | $2.00M | $2.00M | $0.00 | 10.10% | +6.00% | — |
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 | $770.0K | $9.21M | -$8.44M | 9.60% | +5.50% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $574.0K | $3.20M | -$2.63M | 7.50% | +3.40% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services | Line of Credit | $240.0K | $240.0K | $0.00 | 10.00% | +5.00% | — |
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 | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Common Stock | $0.00 | $11.51M | -$11.51M | — | — | — |
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 | — | — | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Preferred Stock | — | — | — | — | — | — |
Disclosed holdings FV
$1.13B
Parsed holdings FV
$1.13B
Residual gap
$0.00
Balance-sheet cash
$210.0K
CIK
0001321741
Accession
0001321741-25-000022
Form type
10-Q
Period
2025-09-30