Gladstone Investment · filed 2025-11-04
Total Fair Value
$952.75M
57 holdings
Unrealized P/L
+$94.19M
+10.97% vs cost
W. Avg Spread
+8.33%
debt, FV-weighted
W. Avg Coupon
12.84%
debt, FV-weighted
% First Lien
0.0%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$953M
Total Fair Value
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 14.2%8.0%
- Diversified/Conglomerate Services – 13.2%7.4%
- Diversified/Conglomerate Services – 12.4%7.0%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 10.4%5.8%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 10.2%5.7%
- Oil and Gas – 9.2%5.2%
- Aerospace and Defense – 20.5%5.1%
- Electronics – 9.0%5.0%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.1%4.0%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 6.9%3.9%
- Other industries42.9%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
57 of 57
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 14.2% | Common Stock | $75.89M | $30.75M | $45.15M | — | — | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 10.2% | Term Debt #1 | $54.64M | $54.64M | $0.00 | 12.50% | +7.00% | — |
The E3 Company, LLC | Oil and Gas – 9.2% | Preferred Stock | $49.30M | $11.23M | $38.07M | — | — | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 10.4% | Preferred Stock | $48.86M | $6.65M | $42.21M | — | — | — |
Nielsen-Kellerman Acquisition Corp. | Electronics – 9.0% | Term Debt | $48.08M | $48.08M | $0.00 | 13.50% | +8.50% | — |
Global GRAB Technologies, Inc. | Aerospace and Defense – 20.5% | Term Debt | $46.50M | $46.50M | $0.00 | 13.50% | +9.00% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.1% | Term Debt | $38.00M | $38.00M | $0.00 | 13.60% | +9.50% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate – 6.6% | Preferred Stock | $35.24M | $21.00M | $14.24M | — | — | — |
The E3 Company, LLC | Oil and Gas – 6.3% | Term Debt | $33.75M | $33.75M | $0.00 | 13.50% | +9.00% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 12.4% | Term Debt | $31.71M | $57.70M | -$25.99M | 6.00% | +0.50% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 5.6% | Term Debt | $30.00M | $30.00M | $0.00 | 14.60% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 5.5% | Preferred Stock | $29.26M | $4.00M | $25.26M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services – 13.2% | Term Debt | $28.56M | $28.56M | $0.00 | 14.60% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 5.2% | Term Debt | $27.98M | $27.98M | $0.00 | 15.10% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services – 12.4% | Term Debt | $25.25M | $25.25M | $0.00 | 14.10% | +10.00% | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals – 4.3% | Preferred Stock | $23.30M | $6.00M | $17.30M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 4.2% | Preferred Stock | $22.24M | — | — | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 13.2% | Term Debt | $22.00M | $22.00M | $0.00 | 15.10% | +11.00% | — |
Global GRAB Technologies, Inc. | Aerospace and Defense – 6.8% | Preferred Stock | $21.10M | $21.10M | $0.00 | — | — | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 3.8% | Term Debt | $20.12M | $20.12M | $0.00 | 13.00% | +8.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 13.2% | Term Debt #2 | $20.00M | $20.00M | $0.00 | 10.10% | +6.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 4.8% | Term Debt #2 | $18.80M | $18.80M | $0.00 | 11.10% | +7.00% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 6.2% | Preferred Stock | $17.82M | $6.75M | $11.08M | — | — | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 6.9% | Term Debt #1 | $17.70M | $17.70M | $0.00 | 14.10% | +10.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 2.9% | Preferred Stock | $15.77M | $8.56M | $7.21M | — | — | — |
Detroit Defense, Inc. | Aerospace and Defense – 6.8% | Preferred Stock | $15.59M | $17.39M | -$1.80M | — | — | — |
Mason West, LLC | Diversified/Conglomerate Services – 3.4% | Preferred Stock | $15.10M | $11.21M | $3.89M | — | — | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals – 2.8% | Term Debt | $15.00M | $15.00M | $0.00 | 14.10% | +10.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 6.9% | Term Debt | $12.20M | $12.20M | $0.00 | 14.10% | +10.00% | — |
Smart Chemical Solutions, LLC | Chemicals, Plastics, and Rubber – 2.3% | Preferred Stock | $12.15M | $13.84M | -$1.70M | — | — | — |
Diligent Delivery Systems | Cargo Transport – 1.9% | Term Debt | $10.29M | $13.00M | -$2.71M | 13.10% | +9.00% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services – 12.4% | Term Debt | $9.52M | $9.52M | $0.00 | 13.50% | +9.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.1% | Term Debt | $9.32M | $12.00M | -$2.67M | 13.10% | +9.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 4.8% | 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 – 6.9% | 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 – 10.4% | Preferred Stock | $6.81M | $9.58M | -$2.77M | — | — | — |
Gladstone Alternative Income Fund. | Finance – 0.9% | Common Equity | $5.08M | $5.00M | $75.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.4% | Term Debt #1 | $3.55M | $14.00M | -$10.45M | 7.00% | +2.00% | — |
The Maids International, LLC | Diversified/Conglomerate Services – 6.2% | Preferred Stock | $3.39M | $6.64M | -$3.25M | — | — | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber – 0.6% | Preferred Stock | $3.37M | $46.75M | -$43.37M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.4% | Line of Credit #1 | $3.08M | $3.08M | $0.00 | 7.00% | +2.00% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services – 3.4% | Preferred Stock | $3.06M | $3.06M | $0.00 | — | — | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing – 0.7% | Line of Credit | $2.95M | $2.95M | $0.00 | 5.50% | +1.40% | — |
Global GRAB Technologies, Inc. | Aerospace and Defense – 20.5% | Line of Credit | $2.00M | $2.00M | $0.00 | 10.00% | +5.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.1% | Line of Credit | $2.00M | $2.00M | $0.00 | 10.10% | +6.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.4% | Line of Credit #2 | $1.05M | $1.05M | $0.00 | 7.00% | +2.00% | — |
Edge Adhesives Holdings, Inc | Diversified/Conglomerate Manufacturing – 0.1% | Term Debt | $770.0K | $9.21M | -$8.44M | 9.60% | +5.50% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 0.7% | Term Debt | $574.0K | $3.20M | -$2.63M | 7.50% | +3.40% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services – 12.4% | Line of Credit | $240.0K | $240.0K | $0.00 | 10.00% | +5.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.0% | Preferred Stock | — | $4.72M | — | — | — | — |
Diligent Delivery Systems | Cargo Transport – 0.0% | Common Stock Warrants | — | $500.0K | — | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Preferred Stock | — | $8.20M | — | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 0.0% | Common Stock | — | $11.51M | — | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 0.0% | Common Stock | — | $8.0K | — | — | — | — |
Home Concepts Acquisition, Inc. – Line of Credit Two | Printing and Publishing – 2.1% | Secured First Lien Debt | — | — | — | 10.10% | +6.00% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 3.4% | Preferred Stock | — | — | — | — | — | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Common Stock | — | $1.83M | — | — | — | — |