Gladstone Investment · filed 2024-11-07
Total Fair Value
$796.81M
52 holdings
Unrealized P/L
+$27.36M
+3.56% vs cost
W. Avg Spread
+8.98%
debt, FV-weighted
W. Avg Coupon
13.74%
debt, FV-weighted
% First Lien
5.4%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$797M
Total Fair Value
- Hotels, Motels, Inns, and Gaming – 17.8%10.2%
- Diversified/Conglomerate Services – 17.1%9.9%
- Diversified/Conglomerate Services – 14.1%8.1%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 11.9%6.9%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 10.9%6.3%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 9.4%5.4%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 8.3%4.7%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.1%4.6%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.7%4.4%
- Oil and Gas – 7.6%4.4%
- Other industries35.1%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
52 of 52
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 17.8% | Term Debt | $79.60M | $79.60M | $0.00 | 14.50% | +10.50% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 11.9% | 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 – 10.9% | Preferred Stock | $46.59M | $6.65M | $39.94M | — | — | — |
Old World Christmas | Home and Office Furnishings, Housewares, and Durable Consumer Products – 9.4% | Inc. – Secured First Lien Term Loan | $43.00M | $43.00M | $0.00 | 14.30% | +9.50% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 14.1% | Term Debt | $39.54M | $57.70M | -$18.16M | 12.30% | +7.50% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 8.3% | Common Stock | $37.83M | $30.75M | $7.08M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.7% | Preferred Stock | $35.37M | — | — | — | — | — |
The E3 Company, LLC | Oil and Gas – 7.6% | Term Debt | $33.75M | $33.75M | $0.00 | 13.80% | +9.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 6.6% | Preferred Stock | $30.14M | $8.56M | $21.58M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services – 17.1% | Term Debt | $28.56M | $28.56M | $0.00 | 15.30% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 6.1% | Term Debt | $27.98M | $27.98M | $0.00 | 15.80% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services – 14.1% | Term Debt | $25.25M | $25.25M | $0.00 | 14.80% | +10.00% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate – 5.1% | Preferred Equity | $23.50M | $21.00M | $2.50M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 17.1% | Term Debt | $22.00M | $22.00M | $0.00 | 15.80% | +11.00% | — |
The E3 Company, LLC | Oil and Gas – 4.7% | Preferred Stock | $21.63M | $11.23M | $10.40M | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 4.4% | Term Debt | $20.00M | $20.00M | $0.00 | 15.30% | +10.50% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.6% | Term Debt #2 | $18.80M | $18.80M | $0.00 | 11.80% | +7.00% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber – 4.1% | Term Debt | $18.60M | $26.62M | -$8.02M | 10.30% | +5.50% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.1% | Term Debt #1 | $17.70M | $17.70M | $0.00 | 14.80% | +10.00% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 3.8% | Preferred Stock | $17.25M | $6.60M | $10.65M | — | — | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals – 3.3% | Preferred Stock | $15.27M | $6.00M | $9.27M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 17.1% | Term Debt #2 | $14.65M | $26.00M | -$11.35M | 15.10% | +10.30% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 3.1% | Preferred Stock | $14.40M | $4.00M | $10.40M | — | — | — |
Diligent Delivery Systems | Cargo Transport – 2.7% | Term Debt | $12.41M | $13.00M | -$592.0K | 13.80% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.1% | Term Debt | $12.20M | $12.20M | $0.00 | 14.80% | +10.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.9% | Term Debt | $12.00M | $12.00M | $0.00 | 13.80% | +9.00% | — |
Mason West, LLC | Diversified/Conglomerate Services – 2.4% | Preferred Stock | $11.14M | $11.21M | -$61.0K | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 17.1% | Term Debt #1 | $9.30M | $16.50M | -$7.20M | 10.80% | +6.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.6% | Term Debt #1 | $6.90M | $6.90M | $0.00 | 8.90% | +4.10% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.1% | Term Debt #2 | $6.85M | $6.85M | $0.00 | 14.80% | +10.00% | — |
The Maids International, LLC | Diversified/Conglomerate Services – 2.2% | Preferred Stock | $6.68M | $6.64M | $37.0K | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 1.3% | Common Stock | $6.13M | $11.51M | -$5.39M | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 10.9% | Preferred Stock | $3.28M | $9.58M | -$6.31M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 2.2% | Preferred Stock | $3.27M | $6.75M | -$3.48M | — | — | — |
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 – 17.1% | Line of Credit | $2.82M | $5.00M | -$2.18M | 10.80% | +6.00% | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing – 1.1% | Line of Credit | $2.75M | $2.75M | $0.00 | 11.80% | +7.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.5% | Term Debt #1 | $2.52M | $14.00M | -$11.48M | 7.00% | +2.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 1.1% | Term Debt | $2.23M | $3.20M | -$966.0K | 15.80% | +11.00% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 17.8% | Line of Credit | $2.00M | $2.00M | $0.00 | 12.80% | +8.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.9% | Line of Credit | $1.50M | $1.50M | $0.00 | 10.80% | +6.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 17.1% | Term Debt #3 | $1.38M | $2.44M | -$1.06M | 10.80% | +6.00% | — |
The E3 Company, LLC | Oil and Gas – 7.6% | Line of Credit | $1.00M | $1.00M | $0.00 | 10.30% | +5.50% | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.5% | Line of Credit #2 | $753.0K | $753.0K | $0.00 | 7.00% | +2.00% | — |
Edge Adhesives Holdings, Inc | Diversified/Conglomerate Manufacturing – 0.1% | Term Debt | $570.0K | $9.21M | -$8.64M | 10.30% | +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 | — | — | — | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 2.4% | Preferred Stock | — | — | — | — | — | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber – 0.0% | Preferred Stock | — | $19.73M | — | — | — | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 0.0% | Common Stock | — | $1.83M | — | — | — | — |