HRZN
Horizon Technology Finance
Portfolio Fair Value
$550.77M
153 holdings
Avg Spread
+4.05%
FV-weighted, debt
Avg Coupon
—
FV-weighted
% First Lien
0.0%
of debt FV
Unrealized P/L
-$25.10M
-4.36% of cost
Non-Accrual
0
text-detected
Balance sheet
Assets$759.21M
Liabilities + Equity$759.21M
Other Debt
$603.51M · 79.5%
Other Debt
$603.51M · 79.5%
Cash & Equivalents
$84.66M · 11.2%
Cash & Equivalents
$84.66M · 11.2%
Other Assets
$71.04M · 9.4%
Debt (Borrowings)
$424.03M · 55.9%
Debt (Borrowings)
$424.03M · 55.9%
Other Liabilities
$19.48M · 2.6%
Net Assets (Equity)
$315.70M · 41.6%
Net Assets (Equity)
$315.70M · 41.6%
Industry Composition
Medical Device
34.7%
Software
34.0%
Biotechnology
10.4%
Other Healthcare Services
6.4%
Other Sustainability
4.6%
Consumerrelated Technologies
3.6%
Diagnostics
2.6%
Life Science
2.5%
Alternative Energy
0.9%
Technology
0.2%
Unclassified
0.2%
Schedule of Investments
All holdings
All holdings
Sortable, click headers to re-sort
153 of 153
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Vero Biotech, Inc. | Medical Device | Term Loan | $14.79M | $14.79M | $0.00 | — | +3.75% | 2029-01-01 |
Long Grove Pharmaceuticals | Biotechnology | Term Loan | $10.00M | $10.00M | $0.00 | — | +4.00% | 2031-02-27 |
Castle Creek Biosciences | Biotechnology | Term Loan | $9.94M | $9.94M | $0.00 | — | +4.25% | 2028-03-01 |
Elligo Health Research, Inc. | Software | Term Loan | $9.92M | $9.92M | $0.00 | — | +3.50% | 2027-10-01 |
Scientia Vascular, Inc. | Medical Device | Term Loan | $9.88M | $9.88M | $0.00 | — | +2.75% | 2030-07-01 |
Onkos Surgical, Inc. | Medical Device | Term Loan | $9.87M | $9.87M | $0.00 | — | +3.25% | 2030-01-01 |
Onkos Surgical, Inc. | Medical Device | Term Loan | $9.87M | $9.87M | $0.00 | — | +3.25% | 2030-01-01 |
Vero Biotech, Inc. | Medical Device | Term Loan | $9.86M | $9.86M | $0.00 | — | +3.75% | 2029-01-01 |
Scientia Vascular, Inc. | Medical Device | Term Loan | $9.84M | $9.84M | $0.00 | — | +2.75% | 2030-07-01 |
Mastery Prep, LLC | Software | Term Loan | $7.43M | $7.43M | $0.00 | — | +4.00% | 2029-07-01 |
GT Medical Technologies, Inc. | Other Healthcare Services | Term Loan | $7.40M | $7.40M | $0.00 | — | +3.25% | 2029-10-01 |
Mastery Prep, LLC | Software | Term Loan | $7.38M | $7.38M | $0.00 | — | +4.00% | 2029-07-01 |
Kodiak Robotics | Software | Term Loan | $6.66M | $6.66M | $0.00 | — | +5.50% | 2026-04-01 |
Kodiak Robotics | Software | Term Loan | $6.66M | $6.66M | $0.00 | — | +5.50% | 2026-04-01 |
Bright Insight, Inc. | Software | Term Loan | $6.47M | $6.68M | -$213.0K | — | +5.50% | 2027-08-01 |
Bright Insight, Inc. | Software | Term Loan | $5.57M | $3.15M | $2.41M | — | +5.50% | 2027-08-01 |
Castle Creek Biosciences | Biotechnology | Term Loan | $5.47M | $5.47M | $0.00 | — | +4.25% | 2028-03-01 |
Shengrow, Inc. | Other Sustainability | Term Loan | $5.09M | $273.0K | $4.82M | — | +4.50% | 2028-09-01 |
MMLUS, Inc. | Medical Device | Term Loan | $5.05M | $5.05M | $0.00 | — | +3.00% | 2030-03-01 |
MMLUS, Inc. | Medical Device | Term Loan | $5.05M | $5.05M | $0.00 | — | +3.00% | 2030-03-01 |
MMLUS, Inc. | Medical Device | Term Loan | $5.00M | $5.00M | $0.00 | — | +3.00% | 2030-03-01 |
MMLUS, Inc. | Medical Device | Term Loan | $5.00M | $5.00M | $0.00 | — | +3.00% | 2030-03-01 |
Shengrow, Inc. | Other Sustainability | Revolver | $5.00M | $5.00M | $0.00 | — | +2.50% | 2026-09-01 |
Supply Network Visibility Holdings, LLC | Software | Term Loan | $4.99M | $4.99M | $0.00 | — | +4.25% | 2029-07-01 |
Sonex Health, Inc. | Medical Device | Term Loan | $4.97M | $4.97M | $0.00 | — | +3.50% | 2027-09-01 |
Sonex Health, Inc. | Medical Device | Term Loan | $4.97M | $4.97M | $0.00 | — | +3.50% | 2027-09-01 |
Castle Creek Biosciences | Biotechnology | Term Loan | $4.97M | $4.97M | $0.00 | — | +4.25% | 2028-03-01 |
Castle Creek Biosciences | Biotechnology | Term Loan | $4.97M | $4.97M | $0.00 | — | +4.25% | 2028-03-01 |
Elligo Health Research, Inc. | Software | Term Loan | $4.96M | $4.96M | $0.00 | — | +3.50% | 2027-10-01 |
Elligo Health Research, Inc. | Software | Term Loan | $4.96M | $4.96M | $0.00 | — | +3.50% | 2027-10-01 |
Elligo Health Research, Inc. | Software | Term Loan | $4.96M | $4.96M | $0.00 | — | +3.50% | 2027-10-01 |
Brit Core Holdings, Inc. | Software | Term Loan | $4.96M | $4.96M | $0.00 | — | +5.50% | 2028-10-01 |
Mirantis, Inc. | Software | Term Loan | $4.95M | $4.95M | $0.00 | — | +3.50% | 2028-10-01 |
Mirantis, Inc. | Software | Term Loan | $4.95M | $4.95M | $0.00 | — | +3.50% | 2028-10-01 |
Mirantis, Inc. | Software | Term Loan | $4.95M | $4.95M | $0.00 | — | +3.50% | 2028-10-01 |
Mirantis, Inc. | Software | Term Loan | $4.95M | $4.95M | $0.00 | — | +3.50% | 2028-10-01 |
Ceribell Inc Medical Device Term Lon | Life Science | Term Loan | $4.95M | $4.95M | $0.00 | — | +2.75% | 2029-03-01 |
Scientia Vascular, Inc. | Medical Device | Term Loan | $4.94M | $4.94M | $0.00 | — | +2.75% | 2030-07-01 |
Infobionic, Inc. | Medical Device | Term Loan | $4.93M | $4.93M | $0.00 | — | +4.50% | 2029-09-01 |
Infobionic, Inc. | Medical Device | Term Loan | $4.93M | $4.93M | $0.00 | — | +4.50% | 2029-09-01 |
Infobionic, Inc. | Medical Device | Term Loan | $4.93M | $4.93M | $0.00 | — | +4.50% | 2029-09-01 |
Onkos Surgical, Inc. | Medical Device | Term Loan | $4.93M | $4.93M | $0.00 | — | +3.25% | 2030-01-01 |
Onkos Surgical, Inc. | Medical Device | Term Loan | $4.93M | $4.93M | $0.00 | — | +3.25% | 2030-01-01 |
Parse Biosciences, Inc. | Diagnostics | Term Loan | $4.93M | $4.93M | $0.00 | — | +3.25% | 2028-01-01 |
Spineology, Inc. | Medical Device | Term Loan | $4.93M | $4.93M | $0.00 | — | +5.00% | 2029-08-01 |
Crafty Holdings, Inc. | Software | Term Loan | $4.93M | $4.93M | $0.00 | — | +4.50% | 2029-01-01 |
Crafty Holdings, Inc. | Software | Term Loan | $4.93M | $4.93M | $0.00 | — | +4.50% | 2029-01-01 |
Vero Biotech, Inc. | Medical Device | Term Loan | $4.93M | $4.93M | $0.00 | — | +3.75% | 2029-01-01 |
Onkos Surgical, Inc. | Medical Device | Term Loan | $4.92M | $4.92M | $0.00 | — | +3.25% | 2030-10-01 |
Crafty Holdings, Inc. | Software | Term Loan | $4.86M | $4.86M | $0.00 | — | +4.50% | 2029-01-01 |
Ceribell Inc Medical Device Term Lon | Life Science | Term Loan | $4.83M | $4.83M | $0.00 | — | +2.75% | 2029-03-01 |
KSQ Therapeutics, Inc. | Biotechnology | Term Loan | $4.49M | $4.49M | $0.00 | — | +3.75% | 2030-04-01 |
KSQ Therapeutics, Inc. | Biotechnology | Term Loan | $4.49M | $4.49M | $0.00 | — | +3.75% | 2030-04-01 |
KSQ Therapeutics, Inc. | Biotechnology | Term Loan | $4.49M | $4.49M | $0.00 | — | +3.75% | 2030-04-01 |
Dropoff, Inc. | Software | Term Loan | $4.33M | $2.45M | $1.88M | — | +6.50% | 2026-06-01 |
Spineology, Inc. | Medical Device | Term Loan | $4.19M | $4.19M | $0.00 | — | +5.00% | 2029-08-01 |
Spineology, Inc. | Medical Device | Term Loan | $4.19M | $4.19M | $0.00 | — | +5.00% | 2029-08-01 |
Hometeam Technologies, Inc. | Other Healthcare Services | Term Loan | $4.12M | $4.96M | -$844.0K | — | +3.25% | 2029-08-01 |
Hometeam Technologies, Inc. | Other Healthcare Services | Term Loan | $4.12M | $4.96M | -$845.0K | — | +3.25% | 2029-08-01 |
Hometeam Technologies, Inc. | Other Healthcare Services | Term Loan | $4.12M | $4.96M | -$845.0K | — | +3.25% | 2029-08-01 |
Hometeam Technologies, Inc. | Other Healthcare Services | Term Loan | $4.12M | $4.96M | -$845.0K | — | +3.25% | 2029-08-01 |
Hometeam Technologies, Inc. | Other Healthcare Services | Term Loan | $4.03M | $4.86M | -$827.0K | — | +3.25% | 2029-08-01 |
Ceribell Inc Medical Device Term Lon | Life Science | Term Loan | $3.96M | $3.96M | $0.00 | — | +2.75% | 2029-03-01 |
Dropoff, Inc. | Software | Term Loan | $3.73M | $6.77M | -$3.04M | — | +6.50% | 2026-06-01 |
Sonex Health, Inc. | Medical Device | Term Loan | $3.72M | $3.72M | $0.00 | — | +3.50% | 2028-04-01 |
Sonex Health, Inc. | Medical Device | Term Loan | $3.72M | $3.72M | $0.00 | — | +3.50% | 2028-04-01 |
Sonex Health, Inc. | Medical Device | Term Loan | $3.72M | $3.72M | $0.00 | — | +3.50% | 2028-04-01 |
Sonex Health, Inc. | Medical Device | Term Loan | $3.72M | $3.72M | $0.00 | — | +3.50% | 2028-04-01 |
Micro Transponder, Inc. | Medical Device | Term Loan | $3.71M | $3.71M | $0.00 | — | +3.75% | 2029-01-01 |
Micro Transponder, Inc. | Medical Device | Term Loan | $3.71M | $3.71M | $0.00 | — | +3.75% | 2029-01-01 |
GT Medical Technologies, Inc. | Other Healthcare Services | Term Loan | $3.70M | $3.70M | $0.00 | — | +3.25% | 2029-10-01 |
GT Medical Technologies, Inc. | Other Healthcare Services | Term Loan | $3.60M | $3.60M | $0.00 | — | +3.25% | 2029-10-01 |
Supply Network Visibility Holdings, LLC | Software | Term Loan | $3.49M | $3.49M | $0.00 | — | +4.25% | 2028-06-01 |
Viken Detection, Corporation | Software | Term Loan | $3.48M | $3.48M | $0.00 | — | +4.00% | 2027-06-01 |
Dropoff, Inc. | Software | Term Loan | $3.45M | $6.25M | -$2.81M | — | +6.50% | 2026-06-01 |
Havenly, Inc. | Consumerrelated Technologies | Term Loan | $3.38M | $1.92M | $1.46M | — | +3.50% | 2028-02-01 |
Shengrow, Inc. | Other Sustainability | Term Loan | $3.34M | $3.34M | $0.00 | — | +4.50% | 2028-09-01 |
Shengrow, Inc. | Other Sustainability | Term Loan | $3.34M | $3.34M | $0.00 | — | +4.50% | 2028-09-01 |
Shengrow, Inc. | Other Sustainability | Term Loan | $3.34M | $3.34M | $0.00 | — | +4.50% | 2028-09-01 |
Kodiak Robotics | Software | Term Loan | $3.33M | $3.33M | $0.00 | — | +5.50% | 2026-04-01 |
Kodiak Robotics | Software | Term Loan | $3.33M | $3.33M | $0.00 | — | +5.50% | 2026-04-01 |
Bright Insight, Inc. | Software | Term Loan | $3.23M | $3.34M | -$107.0K | — | +5.50% | 2027-08-01 |
Bright Insight, Inc. | Software | Term Loan | $3.23M | $3.34M | -$107.0K | — | +5.50% | 2027-08-01 |
Hound Labs, Inc. | Diagnostics | Term Loan | $3.03M | $3.19M | -$161.0K | — | +6.00% | 2026-06-01 |
Happy Co, Inc. | Software | Term Loan | $2.97M | $2.97M | $0.00 | — | +3.75% | 2030-02-01 |
Happy Co, Inc. | Software | Term Loan | $2.94M | $2.94M | $0.00 | — | +3.75% | 2030-02-01 |
Emalex Biosciences, Inc. | Biotechnology | Term Loan | $2.91M | $2.91M | $0.00 | — | +4.72% | 2026-05-01 |
Havenly, Inc. | Consumerrelated Technologies | Term Loan | $2.81M | $2.81M | $0.00 | — | +3.50% | 2028-02-01 |
Havenly, Inc. | Consumerrelated Technologies | Term Loan | $2.81M | $2.81M | $0.00 | — | +3.50% | 2028-02-01 |
Conventus Orthopaedics, Inc. | Medical Device | Term Loan | $2.78M | $2.78M | $0.00 | — | +6.32% | 2026-07-01 |
Conventus Orthopaedics, Inc. | Medical Device | Term Loan | $2.78M | $2.78M | $0.00 | — | +6.32% | 2026-07-01 |
Bright Insight, Inc. | Software | Term Loan | $2.64M | $2.73M | -$88.0K | — | +5.50% | 2028-04-01 |
MMLUS, Inc. | Medical Device | Term Loan | $2.52M | $2.52M | $0.00 | — | +3.00% | 2030-03-01 |
Supply Network Visibility Holdings, LLC | Software | Term Loan | $2.50M | $2.50M | $0.00 | — | +4.25% | 2028-06-01 |
Sonex Health, Inc. | Medical Device | Term Loan | $2.49M | $2.49M | $0.00 | — | +3.50% | 2027-09-01 |
Sonex Health, Inc. | Medical Device | Term Loan | $2.49M | $2.49M | $0.00 | — | +3.50% | 2027-09-01 |
Brit Core Holdings, Inc. | Software | Term Loan | $2.48M | $2.48M | $0.00 | — | +5.50% | 2028-10-01 |
Brit Core Holdings, Inc. | Software | Term Loan | $2.48M | $2.48M | $0.00 | — | +5.50% | 2029-04-01 |
Brit Core Holdings, Inc. | Software | Term Loan | $2.48M | $2.48M | $0.00 | — | +5.50% | 2030-02-01 |
Brit Core Holdings, Inc. | Software | Term Loan | $2.47M | $2.47M | $0.00 | — | +5.50% | 2028-10-01 |
Brit Core Holdings, Inc. | Software | Term Loan | $2.47M | $2.47M | $0.00 | — | +5.50% | 2028-10-01 |
Spark Charge, Inc. | Alternative Energy | Term Loan | $2.47M | $2.47M | $0.00 | — | +4.00% | 2029-05-01 |
Spineology, Inc. | Medical Device | Term Loan | $2.46M | $2.46M | $0.00 | — | +5.00% | 2029-08-01 |
Vero Biotech, Inc. | Medical Device | Term Loan | $2.46M | $2.46M | $0.00 | — | +3.75% | 2029-01-01 |
Ursa Space Systems, Inc. | Software | Term Loan | $2.46M | $2.46M | $0.00 | — | +4.00% | 2028-11-01 |
Ursa Space Systems, Inc. | Software | Term Loan | $2.46M | $2.46M | $0.00 | — | +4.00% | 2028-11-01 |
Ursa Space Systems, Inc. | Software | Term Loan | $2.44M | $2.44M | $0.00 | — | +4.00% | 2028-11-01 |
Ursa Space Systems, Inc. | Software | Term Loan | $2.44M | $2.44M | $0.00 | — | +4.00% | 2028-11-01 |
Supply Network Visibility Holdings, LLC | Software | Term Loan | $2.43M | $2.43M | $0.00 | — | +4.25% | 2028-06-01 |
MMLUS, Inc. | Medical Device | Term Loan | $2.42M | $2.42M | $0.00 | — | +3.00% | 2030-03-01 |
Lyrical Foods, Inc. | Consumerrelated Technologies | Term Loan | $2.38M | $2.77M | -$387.0K | — | +3.50% | 2028-07-01 |
Spark Charge, Inc. | Alternative Energy | Term Loan | $2.35M | $2.35M | $0.00 | — | +4.00% | 2029-05-01 |
Lyrical Foods, Inc. | Consumerrelated Technologies | Term Loan | $2.30M | $1.29M | $1.02M | — | +3.50% | 2028-07-01 |
Bright Insight, Inc. | Software | Term Loan | $2.18M | $1.28M | $901.0K | — | +5.50% | 2028-04-01 |
Happy Co, Inc. | Software | Term Loan | $1.98M | $1.98M | $0.00 | — | +3.75% | 2030-02-01 |
Hound Labs, Inc. | Diagnostics | Term Loan | $1.82M | $300.0K | $1.52M | — | +6.00% | 2026-06-01 |
Havenly, Inc. | Consumerrelated Technologies | Term Loan | $1.75M | $1.75M | $0.00 | — | +5.00% | 2027-03-01 |
Viken Detection, Corporation | Software | Term Loan | $1.74M | $1.74M | $0.00 | — | +4.00% | 2027-06-01 |
Viken Detection, Corporation | Software | Term Loan | $1.74M | $1.74M | $0.00 | — | +4.00% | 2027-06-01 |
Shengrow, Inc. | Other Sustainability | Term Loan | $1.67M | $1.67M | $0.00 | — | +4.50% | 2028-09-01 |
Shengrow, Inc. | Other Sustainability | Term Loan | $1.67M | $1.67M | $0.00 | — | +4.50% | 2028-09-01 |
Shengrow, Inc. | Other Sustainability | Term Loan | $1.67M | $1.67M | $0.00 | — | +4.50% | 2028-09-01 |
Hound Labs, Inc. | Diagnostics | Term Loan | $1.56M | $1.64M | -$83.0K | — | +6.00% | 2026-06-01 |
Hound Labs, Inc. | Diagnostics | Term Loan | $1.52M | $1.60M | -$80.0K | — | +6.00% | 2026-06-01 |
Supply Network Visibility Holdings, LLC | Software | Term Loan | $1.50M | $1.50M | $0.00 | — | +4.25% | 2028-06-01 |
Scientia Vascular, Inc. | Medical Device | Term Loan | $1.48M | $1.48M | $0.00 | — | +2.75% | 2030-07-01 |
Dropoff, Inc. | Software | Term Loan | $1.44M | $2.61M | -$1.17M | — | +6.50% | 2026-06-01 |
Havenly, Inc. | Consumerrelated Technologies | Term Loan | $1.15M | $1.15M | $0.00 | — | +5.00% | 2027-03-01 |
Provivi | Biotechnology | Term Loan | $1.01M | $1.93M | -$924.0K | — | +5.36% | 2027-01-01 |
Provivi | Biotechnology | Term Loan | $1.01M | $1.93M | -$924.0K | — | +5.36% | 2027-01-01 |
Hound Labs, Inc. | Diagnostics | Term Loan | $910.0K | $150.0K | $760.0K | — | +6.00% | 2026-06-01 |
Next Car Holding Company Inc Consumerrelated Technologies Term Loan7Member | Technology | Term Loan | $879.0K | $5.19M | -$4.31M | — | +5.75% | 2023-10-31 |
Next Car Holding Company, Inc. | Consumerrelated Technologies | Term Loan | $879.0K | $5.19M | -$4.31M | — | +5.75% | 2023-10-31 |
Nexii Inc Other Sustanability | — | Term Loan | $812.0K | $811.0K | $1.0K | — | — | 2027-07-01 |
Next Car Holding Company, Inc. | Consumerrelated Technologies | Term Loan | $527.0K | $3.11M | -$2.58M | — | +5.75% | 2023-10-31 |
Provivi | Biotechnology | Term Loan | $503.0K | $964.0K | -$461.0K | — | +5.36% | 2027-01-01 |
Provivi | Biotechnology | Term Loan | $503.0K | $964.0K | -$461.0K | — | +5.36% | 2027-01-01 |
Provivi | Biotechnology | Term Loan | $503.0K | $963.0K | -$460.0K | — | +5.36% | 2027-01-01 |
Provivi | Biotechnology | Term Loan | $503.0K | $963.0K | -$460.0K | — | +5.36% | 2027-01-01 |
Next Car Holding Company Inc Consumerrelated Technologies Term Loan8Member | Technology | Term Loan | $439.0K | $2.59M | -$2.15M | — | +5.75% | 2023-10-31 |
Next Car Holding Company, Inc. | Consumerrelated Technologies | Term Loan | $439.0K | $2.59M | -$2.15M | — | +5.75% | 2023-10-31 |
Next Car Holding Company, Inc. | Consumerrelated Technologies | Term Loan | $439.0K | $2.59M | -$2.15M | — | +5.75% | 2023-10-31 |
Next Car Holding Company, Inc. | Consumerrelated Technologies | Term Loan | $439.0K | $2.59M | -$2.15M | — | +5.75% | 2023-10-31 |
Emalex Biosciences, Inc. | Biotechnology | Term Loan | $414.0K | $414.0K | $0.00 | — | +4.72% | 2025-11-01 |
Next Car Holding Company, Inc. | Consumerrelated Technologies | Term Loan | $352.0K | $2.08M | -$1.72M | — | +5.75% | 2023-10-31 |
Nexii Inc Other Sustanability | — | Term Loan | $304.0K | $173.0K | $131.0K | — | — | 2027-07-01 |
Stealth Biotherapeutics, Inc. | Biotechnology | Term Loan | $304.0K | $41.0K | $263.0K | — | +5.50% | 2025-10-01 |
Hound Labs, Inc. | Diagnostics | Term Loan | $283.0K | $300.0K | -$17.0K | — | — | 2025-03-01 |
Hound Labs, Inc. | Diagnostics | Term Loan | $236.0K | $250.0K | -$14.0K | — | — | 2025-03-01 |
Stealth Biotherapeutics, Inc. | Biotechnology | Term Loan | $202.0K | $202.0K | $0.00 | — | +5.50% | 2025-10-01 |
Tallac Therapeutics, Inc. | Biotechnology | Term Loan | $200.0K | $1.48M | -$1.28M | — | +4.25% | 2027-08-01 |
Tallac Therapeutics, Inc. | Biotechnology | Term Loan | $200.0K | $1.48M | -$1.28M | — | +4.25% | 2027-08-01 |
Stealth Biotherapeutics, Inc. | Biotechnology | Term Loan | $101.0K | $101.0K | $0.00 | — | +5.50% | 2025-10-01 |
Disclosed holdings FV
$603.51M
Parsed holdings FV
$550.77M
Residual gap
$52.74M
Balance-sheet cash
$84.66M
CIK
0001487428
Accession
0001437749-25-031988
Form type
10-Q
Period
2025-09-30