Gladstone Investment · filed 2025-08-12
Total Fair Value
$870.37M
57 holdings
Unrealized P/L
+$51.47M
+6.29% vs cost
W. Avg Spread
+8.38%
debt, FV-weighted
W. Avg Coupon
13.00%
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
$870M
Total Fair Value
- Diversified/Conglomerate Services – 16.8%9.4%
- Diversified/Conglomerate Services – 13.5%7.6%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 11.4%6.4%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 11.3%6.3%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 10.5%5.9%
- Electronics – 9.9%5.5%
- Oil and Gas – 7.9%4.4%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.8%4.4%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.6%4.2%
- Oil and Gas – 7.0%3.9%
- Other industries42.2%
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) – 11.4% | Common Stock | $55.34M | $30.75M | $24.59M | — | — | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 11.3% | Term Debt #1 | $54.64M | $54.64M | $0.00 | 12.50% | +7.00% | — |
Nielsen-Kellerman Acquisition Corp. | Electronics – 9.9% | 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 – 10.5% | Preferred Stock | $45.48M | $6.65M | $38.83M | — | — | — |
The E3 Company, LLC | Oil and Gas – 7.9% | Preferred Stock | $38.54M | $11.23M | $27.30M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.8% | Term Debt | $38.00M | $38.00M | $0.00 | 13.80% | +9.50% | — |
The E3 Company, LLC | Oil and Gas – 7.0% | Term Debt | $33.75M | $33.75M | $0.00 | 13.50% | +9.00% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate – 6.4% | Preferred Stock | $30.82M | $21.00M | $9.82M | — | — | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 13.5% | Term Debt | $30.73M | $57.70M | -$26.97M | 6.00% | +0.50% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 6.2% | Term Debt | $30.00M | $30.00M | $0.00 | 14.80% | +10.50% | — |
The Maids International, LLC | Diversified/Conglomerate Services – 16.8% | Term Debt | $28.56M | $28.56M | $0.00 | 14.80% | +10.50% | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals – 5.9% | Preferred Stock | $28.50M | $6.00M | $22.50M | — | — | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 5.8% | Term Debt | $27.98M | $27.98M | $0.00 | 15.30% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services – 13.5% | 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 – 5.1% | Preferred Stock | $24.91M | — | — | — | — | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 4.9% | Preferred Stock | $23.58M | $4.00M | $19.58M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 16.8% | Term Debt | $22.00M | $22.00M | $0.00 | 15.30% | +11.00% | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 4.2% | Term Debt | $20.12M | $20.12M | $0.00 | 13.00% | +8.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.3% | Term Debt #2 | $18.80M | $18.80M | $0.00 | 11.30% | +7.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 3.7% | Preferred Stock | $18.20M | $8.56M | $9.64M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 4.7% | Preferred Stock | $18.19M | $6.75M | $11.44M | — | — | — |
Detroit Defense, Inc. | Aerospace and Defense – 3.7% | Preferred Stock | $18.17M | $17.39M | $781.0K | — | — | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.6% | Term Debt #1 | $17.70M | $17.70M | $0.00 | 14.30% | +10.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.8% | Term Debt #2 | $16.05M | $26.00M | -$9.95M | 14.60% | +10.30% | — |
Mason West, LLC | Diversified/Conglomerate Services – 3.9% | Preferred Stock | $15.78M | $11.21M | $4.57M | — | — | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals – 3.1% | Term Debt | $15.00M | $15.00M | $0.00 | 14.30% | +10.00% | — |
Smart Chemical Solutions, LLC | Chemicals, Plastics, and Rubber – 2.9% | Preferred Stock | $13.84M | $13.84M | $0.00 | — | — | — |
Diligent Delivery Systems | Cargo Transport – 2.7% | 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 – 7.6% | Term Debt | $12.20M | $12.20M | $0.00 | 14.30% | +10.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.6% | Term Debt | $10.61M | $12.00M | -$1.39M | 13.30% | +9.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.8% | Term Debt #1 | $10.19M | $16.50M | -$6.31M | 10.30% | +6.00% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services – 13.5% | Term Debt | $9.52M | $9.52M | $0.00 | 13.50% | +9.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.3% | 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 – 7.6% | 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 – 10.5% | Preferred Stock | $5.60M | $9.58M | -$3.98M | — | — | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber – 1.1% | Preferred Stock | $5.48M | $46.75M | -$41.27M | — | — | — |
Gladstone Alternative Income Fund. | Finance – 1.0% | Common Equity | $5.01M | $5.00M | $10.0K | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services – 4.7% | Preferred Stock | $4.68M | $6.64M | -$1.96M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.5% | Term Debt #1 | $3.36M | $14.00M | -$10.64M | 7.00% | +2.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.8% | Line of Credit | $3.09M | $5.00M | -$1.91M | 10.30% | +6.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.5% | Line of Credit #1 | $3.08M | $3.08M | $0.00 | 7.00% | +2.00% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services – 3.9% | Preferred Stock | $3.06M | $3.06M | $0.00 | — | — | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing – 0.9% | Line of Credit | $2.95M | $2.95M | $0.00 | 5.70% | +1.40% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.6% | Line of Credit | $2.00M | $2.00M | $0.00 | 10.30% | +6.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 0.9% | Term Debt | $1.60M | $3.20M | -$1.60M | 7.70% | +3.40% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.8% | Term Debt #3 | $1.50M | $2.44M | -$933.0K | 10.30% | +6.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.5% | 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 | $368.0K | $9.21M | -$8.84M | 9.80% | +5.50% | — |
Sun State Nursery and Landscaping, LLC | Diversified/Conglomerate Services – 13.5% | 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 – 2.6% | Secured First Lien Debt | — | — | — | 10.30% | +6.00% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 3.9% | Preferred Stock | — | — | — | — | — | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Common Stock | — | $1.83M | — | — | — | — |