GAIN
Gladstone Investment
Portfolio Fair Value
$1.04B
63 holdings
Avg Spread
+8.63%
FV-weighted, debt
Avg Coupon
13.19%
FV-weighted
% First Lien
0.0%
of debt FV
Unrealized P/L
+$39.21M
+3.93% of cost
Non-Accrual
9
text-detected
Balance sheet
Assets$1.05B
Liabilities + Equity$1.05B
Other Debt
$650.40M · 61.7%
Other Debt
$650.40M · 61.7%
Equity
$386.35M · 36.7%
Equity
$386.35M · 36.7%
Cash & Equivalents
$4.12M · 0.4%
Other Assets
$13.05M · 1.2%
Debt (Borrowings)
$518.63M · 49.2%
Debt (Borrowings)
$518.63M · 49.2%
Other Liabilities
$49.98M · 4.7%
Net Assets (Equity)
$485.30M · 46.0%
Net Assets (Equity)
$485.30M · 46.0%
Industry Composition
Diversified/Conglomerate Services
18.2%
Home and Office Furnishings, Housewares, and Durable Consumer Products
14.5%
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
10.6%
Aerospace and Defense
10.1%
Leisure, Amusement, Motion Pictures, and Entertainment
7.7%
Oil and Gas
7.0%
Electronics
6.9%
Buildings and Real Estate
6.7%
Chemicals, Plastics, and Rubber
5.3%
Healthcare, Education, and Childcare
4.6%
Mining, Steel, Iron and Non-Precious Metals
4.2%
Cargo Transport
1.3%
Other industries
2.9%
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 |
|---|---|---|---|---|---|---|---|---|
Detroit Defense, Inc. | Aerospace and Defense | Term Debt | $61.30M | $61.30M | $0.00 | 13.30% | +9.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Common Stock | $55.34M | $30.75M | $24.59M | — | — | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Term Debt #1 | $54.64M | $54.64M | $0.00 | 12.50% | +7.00% | — |
Nielsen-Kellerman Acquisition Corp. | Electronics | Term Debt | $48.08M | $48.08M | $0.00 | 13.50% | +8.50% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $45.48M | $6.65M | $38.83M | — | — | — |
The E3 Company, LLC | Oil and Gas | Preferred Stock | $38.54M | $11.23M | $27.30M | — | — | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Term Debt | $38.25M | $38.25M | $0.00 | 15.30% | +11.00% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt | $38.00M | $38.00M | $0.00 | 13.80% | +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% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Preferred Stock | $30.82M | $21.00M | $9.82M | — | — | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Term Debt | $30.73M | $57.70M | -$26.97M | 6.00% | +0.50% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Term Debt | $30.00M | $30.00M | $0.00 | 14.80% | +10.50% | — |
The Maids International, LLC | Diversified/Conglomerate Services | Term Debt | $28.56M | $28.56M | $0.00 | 14.80% | +10.50% | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals | Preferred Stock | $28.50M | $6.00M | $22.50M | — | — | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Term Debt | $27.98M | $27.98M | $0.00 | 15.30% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services | Term Debt | $25.25M | $25.25M | $0.00 | 14.30% | +10.00% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $24.91M | — | — | — | — | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $23.58M | $4.00M | $19.58M | — | — | — |
Nielsen-Kellerman Acquisition Corp. | Electronics | Preferred Stock | $23.25M | $22.17M | $1.08M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Term Debt | $22.00M | $22.00M | $0.00 | 15.30% | +11.00% | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Term Debt | $20.12M | $20.12M | $0.00 | 13.00% | +8.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #2 | $18.80M | $18.80M | $0.00 | 11.30% | +7.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $18.20M | $8.56M | $9.64M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Preferred Stock | $18.19M | $6.75M | $11.44M | — | — | — |
Detroit Defense, Inc. | Aerospace and Defense | Preferred Stock | $18.17M | $17.39M | $781.0K | — | — | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #1 | $17.70M | $17.70M | $0.00 | 14.30% | +10.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #2 | $16.05M | $26.00M | -$9.95M | 14.60% | +10.30% | — |
Mason West, LLC | Diversified/Conglomerate Services | Preferred Stock | $15.78M | $11.21M | $4.57M | — | — | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals | Term Debt | $15.00M | $15.00M | $0.00 | 14.30% | +10.00% | — |
Smart Chemical Solutions, LLC | Chemicals, Plastics, and Rubber | Preferred Stock | $13.84M | $13.84M | $0.00 | — | — | — |
Diligent Delivery Systems | Cargo Transport | Term Debt | $13.00M | $13.00M | $0.00 | 13.30% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt | $12.20M | $12.20M | $0.00 | 14.30% | +10.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Term Debt | $10.61M | $12.00M | -$1.39M | 13.30% | +9.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #1 | $10.19M | $16.50M | -$6.31M | 10.30% | +6.00% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services | Term Debt | $9.52M | $9.52M | $0.00 | 13.50% | +9.00% | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $7.91M | $7.06M | $847.0K | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Term Debt #1 | $6.90M | $6.90M | $0.00 | 8.40% | +4.10% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Term Debt #2 | $6.85M | $6.85M | $0.00 | 14.30% | +10.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $5.60M | $9.58M | -$3.98M | — | — | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Preferred Stock | $5.48M | $46.75M | -$41.27M | — | — | — |
Gladstone Alternative Income Fund. | Finance | Common Equity | $5.01M | $5.00M | $10.0K | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services | Preferred Stock | $4.68M | $6.64M | -$1.96M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt #1 | $3.36M | $14.00M | -$10.64M | 7.00% | +2.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Line of Credit | $3.09M | $5.00M | -$1.91M | 10.30% | +6.00% | — |
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 | 5.70% | +1.40% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Line of Credit | $2.00M | $2.00M | $0.00 | 10.30% | +6.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $1.60M | $3.20M | -$1.60M | 7.70% | +3.40% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt #3 | $1.50M | $2.44M | -$933.0K | 10.30% | +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 | $368.0K | $9.21M | -$8.84M | 9.80% | +5.50% | — |
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 | — | — | — |
J.R. Hobbs Co. – Atlanta, LLC | Diversified/Conglomerate Services | Preferred Stock | $0.00 | $10.92M | -$10.92M | — | — | — |
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
$1.04B
Parsed holdings FV
$1.04B
Residual gap
$0.00
Balance-sheet cash
$4.12M
CIK
0001321741
Accession
0001321741-25-000018
Form type
10-Q
Period
2025-06-30