Gladstone Investment · filed 2025-05-13
Total Fair Value
$872.50M
58 holdings
Unrealized P/L
+$50.97M
+6.20% vs cost
W. Avg Spread
+8.20%
debt, FV-weighted
W. Avg Coupon
12.85%
debt, FV-weighted
% First Lien
0.2%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$873M
Total Fair Value
- Diversified/Conglomerate Services – 16.2%9.3%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 12.2%7.0%
- Diversified/Conglomerate Services – 11.0%6.3%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 10.9%6.3%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 10.2%5.8%
- Electronics – 9.9%5.6%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.6%4.4%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.4%4.2%
- Oil and Gas – 7.2%4.1%
- Oil and Gas – 6.8%3.9%
- Other industries43.2%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
58 of 58
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 10.9% | Term Debt | $54.64M | $54.64M | $0.00 | 12.50% | +7.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 12.2% | Preferred Stock | $51.88M | $6.65M | $45.22M | — | — | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 10.2% | Common Stock | $50.79M | $30.75M | $20.04M | — | — | — |
Nielsen-Kellerman Acquisition Corp. TL | Electronics – 9.9% | Term Debt | $48.08M | $48.08M | $0.00 | 13.50% | +8.50% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.6% | Term Debt | $38.00M | $38.00M | $0.00 | 13.80% | +9.50% | — |
The E3 Company, LLC | Oil and Gas – 7.2% | Preferred Stock | $35.84M | $11.23M | $24.61M | — | — | — |
The E3 Company, LLC | Oil and Gas – 6.8% | Term Debt | $33.75M | $33.75M | $0.00 | 13.50% | +9.00% | — |
Dema/Mai Holdings, Inc. | Buildings and Real Estate – 6.2% | Preferred Equity | $31.07M | $21.00M | $10.07M | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 6.0% | Term Debt | $30.00M | $30.00M | $0.00 | 14.80% | +10.50% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 11.0% | Term Debt | $29.63M | $57.70M | -$28.07M | 6.00% | +0.50% | — |
The Maids International, LLC | Diversified/Conglomerate Services – 16.2% | Term Debt | $28.56M | $28.56M | $0.00 | 14.80% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 5.6% | Term Debt | $27.98M | $27.98M | $0.00 | 15.30% | +11.00% | — |
UPB Acquisition, Inc. | Mining, Steel, Iron and Non-Precious Metals – 5.2% | Preferred Stock | $26.01M | $6.00M | $20.01M | — | — | — |
Mason West, LLC | Diversified/Conglomerate Services – 11.0% | 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 – 4.7% | Preferred Stock | $23.54M | — | — | — | — | — |
Nielsen-Kellerman Acquisition Corp. | Electronics – 4.5% | Preferred Stock | $22.42M | $22.17M | $252.0K | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 16.2% | Term Debt | $22.00M | $22.00M | $0.00 | 15.30% | +11.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 4.3% | Preferred Stock | $21.50M | $8.56M | $12.94M | — | — | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 4.1% | Preferred Stock | $20.60M | $4.00M | $16.60M | — | — | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 4.5% | Term Debt | $20.12M | $20.12M | $0.00 | 13.00% | +8.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.2% | Term Debt #2 | $18.80M | $18.80M | $0.00 | 11.30% | +7.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.4% | Term Debt #1 | $17.70M | $17.70M | $0.00 | 14.30% | +10.00% | — |
Ricardo Defense, Inc. | Aerospace and Defense – 3.5% | Preferred Stock | $17.39M | $17.39M | $0.00 | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.2% | Term Debt #2 | $15.79M | $26.00M | -$10.21M | 14.60% | +10.30% | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals – 3.0% | Term Debt | $15.00M | $15.00M | $0.00 | 14.30% | +10.00% | — |
Mason West, LLC | Diversified/Conglomerate Services – 2.7% | Preferred Stock | $13.26M | $11.21M | $2.06M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 4.3% | Preferred Stock | $12.92M | $6.75M | $6.17M | — | — | — |
Diligent Delivery Systems | Cargo Transport – 2.5% | Term Debt | $12.62M | $13.00M | -$376.0K | 13.30% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.4% | Term Debt | $12.20M | $12.20M | $0.00 | 14.30% | +10.00% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber – 2.1% | Term Debt | $10.62M | $10.62M | $0.00 | 7.00% | +1.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.2% | Term Debt #1 | $10.02M | $16.50M | -$6.48M | 10.30% | +6.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.3% | Term Debt | $9.28M | $12.00M | -$2.72M | 13.30% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 12.2% | Preferred Stock | $9.07M | $9.58M | -$513.0K | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services – 4.3% | Preferred Stock | $8.41M | $6.64M | $1.77M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.2% | 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 – 7.4% | Term Debt #2 | $6.85M | $6.85M | $0.00 | 14.30% | +10.00% | — |
Nth Degree Investment Group, LLC | Finance – 1.0% | Common Stock | $4.97M | $5.00M | -$25.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.5% | Term Debt #1 | $3.58M | $14.00M | -$10.43M | 7.00% | +2.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 0.7% | Common Stock | $3.48M | $11.51M | -$8.03M | — | — | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 1.2% | Term Debt | $3.20M | $3.20M | $0.00 | 7.70% | +3.40% | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.5% | Line of Credit #1 | $3.08M | $3.08M | $0.00 | 7.00% | +2.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.2% | Line of Credit | $3.04M | $5.00M | -$1.96M | 10.30% | +6.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 1.2% | Line of Credit | $2.95M | $2.95M | $0.00 | 5.70% | +1.40% | — |
Pyrotek Special Effects, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 4.5% | Line of Credit | $2.50M | $2.50M | $0.00 | 10.00% | +5.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.3% | Line of Credit | $2.00M | $2.00M | $0.00 | 10.30% | +6.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.2% | Term Debt #3 | $1.48M | $2.44M | -$958.0K | 10.30% | +6.00% | — |
Nielsen-Kellerman Acquisition Corp. Line of Credit | Electronics – 9.9% | Secured First Lien Debt | $1.07M | $1.07M | $0.00 | 10.00% | +5.00% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber – 0.2% | Preferred Stock | $996.0K | $36.13M | -$35.13M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.5% | Line of Credit #2 | $930.0K | $930.0K | $0.00 | 7.00% | +2.00% | — |
Home Concepts Acquisition, Inc. – Line of Credit Two | Printing and Publishing – 2.3% | Secured First Lien Debt | $400.0K | $400.0K | $0.00 | 10.30% | +6.00% | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.1% | Term Debt | $343.0K | $9.21M | -$8.87M | 9.80% | +5.50% | — |
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 | — | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 0.0% | Common Stock | — | $8.0K | — | — | — | — |
Home Concepts Acquisition, Inc. | Printing and Publishing - 0.0% | Preferred Stock | — | $3.27M | — | — | — | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 2.7% | Preferred Stock | — | — | — | — | — | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Common Stock | — | $1.83M | — | — | — | — |