Gladstone Investment · filed 2024-08-05
Total Fair Value
$842.02M
54 holdings
Unrealized P/L
+$60.85M
+7.79% vs cost
W. Avg Spread
+8.83%
debt, FV-weighted
W. Avg Coupon
14.01%
debt, FV-weighted
% First Lien
5.1%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$842M
Total Fair Value
- Diversified/Conglomerate Services – 16.3%9.2%
- Diversified/Conglomerate Services – 16.0%9.1%
- Hotels, Motels, Inns, and Gaming – 13.2%7.5%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 11.5%6.5%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 11.2%6.3%
- Diversified/Conglomerate Services – 9.3%5.3%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 9.0%5.1%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 7.9%4.5%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.7%4.4%
- Oil and Gas – 7.1%4.0%
- Other industries38.2%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
54 of 54
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 13.2% | Term Debt | $61.10M | $61.10M | $0.00 | 14.50% | +10.50% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 11.5% | Term Debt #1 | $54.64M | $54.64M | $0.00 | 12.50% | +7.00% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 16.0% | Term Debt | $51.29M | $57.70M | -$6.41M | 12.80% | +7.50% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 11.2% | Preferred Stock | $48.91M | $6.65M | $42.26M | — | — | — |
Nth Degree Investment Group, LLC | Diversified/Conglomerate Services – 9.3% | Common Stock | $44.25M | $6.22M | $38.03M | — | — | — |
Old World Christmas | Home and Office Furnishings, Housewares, and Durable Consumer Products – 9.0% | Inc. – Secured First Lien Term Loan | $43.00M | $43.00M | $0.00 | 14.80% | +9.50% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 7.9% | Common Stock | $37.88M | $30.75M | $7.14M | — | — | — |
The E3 Company, LLC | Oil and Gas – 7.1% | Term Debt | $33.75M | $33.75M | $0.00 | 14.30% | +9.00% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 6.7% | Preferred Stock | $32.17M | — | — | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 6.2% | Preferred Stock | $29.77M | $8.56M | $21.21M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services – 16.3% | Term Debt | $28.56M | $28.56M | $0.00 | 15.80% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 5.9% | Term Debt | $27.98M | $27.98M | $0.00 | 16.30% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services – 16.0% | Term Debt | $25.25M | $25.25M | $0.00 | 15.30% | +10.00% | — |
Nth Degree, Inc. | Diversified/Conglomerate Services – 5.2% | Term Debt | $25.00M | $25.00M | $0.00 | 13.80% | +8.50% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate – 4.9% | Preferred Equity | $23.25M | $21.00M | $2.25M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 16.3% | Term Debt | $22.00M | $22.00M | $0.00 | 16.30% | +11.00% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 4.2% | Term Debt | $20.00M | $20.00M | $0.00 | 15.80% | +10.50% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber – 4.1% | Term Debt | $19.49M | $26.62M | -$7.13M | 10.80% | +5.50% | — |
The E3 Company, LLC | Oil and Gas – 4.0% | Preferred Stock | $19.07M | $11.23M | $7.83M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.4% | Term Debt #2 | $18.80M | $18.80M | $0.00 | 12.30% | +7.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.7% | Term Debt #1 | $17.70M | $17.70M | $0.00 | 15.30% | +10.00% | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals – 3.4% | Preferred Stock | $16.25M | $6.00M | $10.25M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.3% | Term Debt #2 | $14.05M | $26.00M | -$11.95M | 15.60% | +10.30% | — |
Diligent Delivery Systems | Cargo Transport – 2.7% | Term Debt | $13.00M | $13.00M | $0.00 | 14.30% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.7% | Term Debt | $12.20M | $12.20M | $0.00 | 15.30% | +10.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.8% | Term Debt | $12.00M | $12.00M | $0.00 | 14.30% | +9.00% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 2.5% | Preferred Stock | $11.83M | $4.00M | $7.83M | — | — | — |
Mason West, LLC | Diversified/Conglomerate Services – 2.2% | Preferred Stock | $10.56M | $11.21M | -$648.0K | — | — | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 2.2% | Preferred Stock | $10.55M | $6.60M | $3.95M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.3% | Term Debt #1 | $8.92M | $16.50M | -$7.58M | 11.30% | +6.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.4% | Term Debt #1 | $6.90M | $6.90M | $0.00 | 9.40% | +4.10% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.7% | Term Debt #2 | $6.85M | $6.85M | $0.00 | 15.30% | +10.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.9% | Term Debt #1 | $5.36M | $14.00M | -$8.64M | 7.30% | +2.00% | — |
The Maids International, LLC | Diversified/Conglomerate Services – 1.1% | Preferred Stock | $5.24M | $6.64M | -$1.40M | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 11.2% | Preferred Stock | $4.37M | $9.58M | -$5.22M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 0.7% | Common Stock | $3.37M | $11.51M | -$8.14M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.9% | Line of Credit #1 | $3.08M | $3.08M | $0.00 | 7.30% | +2.00% | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing – 0.8% | Line of Credit | $2.75M | $2.75M | $0.00 | 12.30% | +7.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.3% | Line of Credit | $2.70M | $5.00M | -$2.30M | 11.30% | +6.00% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 13.2% | Line of Credit | $2.00M | $2.00M | $0.00 | 13.30% | +8.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.8% | Line of Credit | $1.50M | $1.50M | $0.00 | 11.30% | +6.00% | — |
Edge Adhesives Holdings, Inc | Diversified/Conglomerate Manufacturing – 0.3% | Term Debt | $1.46M | $9.21M | -$7.75M | 10.80% | +5.50% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.3% | Term Debt #3 | $1.32M | $2.44M | -$1.12M | 11.30% | +6.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 0.8% | Term Debt | $1.14M | $3.20M | -$2.06M | 16.30% | +11.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.9% | Line of Credit #2 | $753.0K | $753.0K | $0.00 | 7.30% | +2.00% | — |
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 | — | — | — | — |
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 – 2.2% | Preferred Stock | — | — | — | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 1.1% | Preferred Stock | — | $6.75M | — | — | — | — |
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 | — | — | — | — |
The E3 Company, LLC | Oil and Gas – 7.1% | Line of Credit | — | — | — | 10.80% | +5.50% | — |