GAIN
Gladstone Investment
Portfolio Fair Value
$1.28B
67 holdings
Avg Spread
+8.69%
FV-weighted, debt
Avg Coupon
13.01%
FV-weighted
% First Lien
0.0%
of debt FV
Unrealized P/L
+$237.57M
+22.75% of cost
Non-Accrual
5
text-detected
Balance sheet
Assets$1.30B
Liabilities + Equity$1.30B
Other Debt
$667.42M · 51.2%
Other Debt
$667.42M · 51.2%
Equity
$614.60M · 47.2%
Equity
$614.60M · 47.2%
Cash & Equivalents
$1.60M · 0.1%
Other Assets
$19.40M · 1.5%
Debt (Borrowings)
$570.84M · 43.8%
Debt (Borrowings)
$570.84M · 43.8%
Other Liabilities
$85.37M · 6.6%
Net Assets (Equity)
$646.81M · 49.6%
Net Assets (Equity)
$646.81M · 49.6%
Industry Composition
Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)
17.3%
Diversified/Conglomerate Services
15.1%
Home and Office Furnishings, Housewares, and Durable Consumer Products
13.5%
Aerospace and Defense
13.2%
Oil and Gas
9.6%
Leisure, Amusement, Motion Pictures, and Entertainment
8.6%
Buildings and Real Estate
5.1%
Electronics
4.9%
Chemicals, Plastics, and Rubber
4.1%
Healthcare, Education, and Childcare
3.3%
Mining, Steel, Iron and Non-Precious Metals
3.2%
Telecommunications
0.6%
Other industries
1.5%
Spread Distribution
0.5%
1.0%
2.0%
4.0%
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
67 of 73
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) | Common Stock | $167.36M | $30.75M | $136.62M | — | — | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $69.83M | $4.00M | $65.83M | — | — | — |
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 | $59.95M | $11.23M | $48.71M | — | — | — |
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 | $52.37M | $6.65M | $45.72M | — | — | — |
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% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services | Preferred Stock | $33.54M | $6.75M | $26.79M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $32.58M | — | — | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Term Debt | $30.00M | $30.00M | $0.00 | 14.20% | +10.50% | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals | Preferred Stock | $29.57M | $6.00M | $23.57M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services | Term Debt | $28.56M | $28.56M | $0.00 | 14.20% | +10.50% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate | Preferred Stock | $26.58M | $21.00M | $5.58M | — | — | — |
Rowan Energy Inc. | Oil and Gas | Term Debt | $25.79M | $25.79M | $0.00 | 14.50% | +9.00% | — |
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 #1 | $22.00M | $22.00M | $0.00 | — | — | — |
Global GRAB Technologies, Inc. | Aerospace and Defense | Preferred Stock | $21.13M | $21.10M | $34.0K | — | — | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Term Debt | $20.12M | $20.12M | $0.00 | 13.00% | +8.00% | — |
Mason West, LLC | Diversified/Conglomerate Services | Preferred Stock | $20.05M | $11.21M | $8.84M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services | Term Debt | $20.00M | $20.00M | $0.00 | 10.00% | +6.00% | — |
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% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Term Debt | $16.98M | $16.98M | $0.00 | 14.70% | +11.00% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Term Debt | $15.77M | $57.70M | -$41.93M | 6.00% | +0.50% | — |
Nielsen-Kellerman Acquisition Corp. | Electronics | Preferred Stock | $14.89M | $22.17M | -$7.28M | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products | Preferred Stock | $13.64M | $9.58M | $4.06M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense | Common Stock | $12.65M | $11.51M | $1.14M | — | — | — |
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% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare | Preferred Stock | $11.82M | $8.56M | $3.26M | — | — | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals | Term Debt | $11.00M | $11.00M | $0.00 | 13.70% | +10.00% | — |
J.R. Hobbs Co. – Atlanta, LLC | Diversified/Conglomerate Services | Preferred Stock | $10.18M | $10.92M | -$737.0K | — | — | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services | Term Debt | $9.52M | $9.52M | $0.00 | 13.50% | +9.00% | — |
Smart Chemical Solutions, LLC | Chemicals, Plastics, and Rubber | Preferred Stock | $8.93M | $13.84M | -$4.91M | — | — | — |
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 | $5.51M | $46.75M | -$41.24M | — | — | — |
Gladstone Alternative Income Fund. | Finance | Common Equity | $4.95M | $5.00M | -$55.0K | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services | Preferred Stock | $4.90M | $6.64M | -$1.74M | — | — | — |
Diligent Delivery Systems | Cargo Transport | Term Debt | $4.28M | $13.00M | -$8.72M | 12.70% | +9.00% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services | Preferred Stock | $4.27M | $3.06M | $1.21M | — | — | — |
Rowan Energy Inc. | Oil and Gas | Preferred Stock | $4.07M | $7.30M | -$3.23M | — | — | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment | Preferred Stock | $3.62M | $7.06M | -$3.44M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Term Debt | $3.33M | $14.00M | -$10.67M | 7.00% | +2.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Term Debt | $3.20M | $3.20M | $0.00 | 14.70% | +11.00% | — |
B+T Group Acquisition, Inc. | Telecommunications | Line of Credit #1 | $3.08M | $3.08M | $0.00 | 7.00% | +2.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing | Term Debt | $3.00M | $3.00M | $0.00 | 13.00% | +9.00% | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing | Line of Credit | $2.95M | $2.95M | $0.00 | 10.70% | +7.00% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Line of Credit | $2.00M | $2.00M | $0.00 | 7.00% | +1.00% | — |
Detroit Defense, Inc. | Aerospace and Defense | Preferred Stock | $1.77M | $17.39M | -$15.62M | — | — | — |
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 | $504.0K | $9.21M | -$8.71M | 9.20% | +5.50% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber | Term Debt | $400.0K | $400.0K | $0.00 | 7.00% | +1.00% | — |
Home Concepts Acquisition | Printing and Publishing | Inc.- Preferred Stock | $311.0K | $3.27M | -$2.96M | — | — | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing | Common Stock | $136.0K | $1.83M | -$1.69M | — | — | — |
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 | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications | Preferred Stock | — | — | — | — | — | — |
Dreyfus Treasury Obligations Cash Management Fund | CASH EQUIVALENTS | Preferred Equity | — | — | — | 3.29% | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing | Preferred Stock | — | — | — | — | — | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services | Preferred Stock | — | — | — | — | — | — |
Disclosed holdings FV
$1.28B
Parsed holdings FV
$1.28B
Residual gap
$0.00
Balance-sheet cash
$1.60M
CIK
0001321741
Accession
0001321741-26-000017
Form type
10-Q
Period
2026-06-30