Gladstone Investment · filed 2024-05-08
Total Fair Value
$882.25M
57 holdings
Unrealized P/L
+$77.13M
+9.58% vs cost
W. Avg Spread
+8.91%
debt, FV-weighted
W. Avg Coupon
14.03%
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
$882M
Total Fair Value
- Diversified/Conglomerate Services – 16.8%9.4%
- Diversified/Conglomerate Services – 15.7%8.8%
- Hotels, Motels, Inns, and Gaming Total – 13.2%7.4%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 11.1%6.2%
- Diversified/Conglomerate Services – 10.4%5.8%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 10.1%5.6%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.7%4.9%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 7.7%4.3%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.5%4.2%
- Oil and Gas – 7.1%3.9%
- Other industries39.5%
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 |
|---|---|---|---|---|---|---|---|---|
Nocturne Villa Rentals, Inc. | Hotels, Motels, Inns, and Gaming Total – 13.2% | Term Debt | $61.10M | $61.10M | $0.00 | 14.50% | +10.50% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 16.8% | Term Debt | $57.70M | $57.70M | $0.00 | 12.80% | +7.50% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 11.1% | Term Debt | $54.64M | $54.64M | $0.00 | 12.50% | +7.00% | — |
Nth Degree Investment Group, LLC | Diversified/Conglomerate Services – 10.4% | Common Stock | $51.44M | $6.22M | $45.22M | — | — | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 10.1% | Preferred Stock | $48.76M | $6.65M | $42.11M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.7% | Term Debt | $43.00M | $43.00M | $0.00 | 14.80% | +9.50% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 7.7% | Common Stock | $38.14M | $30.75M | $7.39M | — | — | — |
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 – 6.2% | Preferred Stock | $30.64M | — | — | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 6.0% | Preferred Stock | $29.64M | $8.56M | $21.08M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services – 15.7% | Term Debt | $28.56M | $28.56M | $0.00 | 15.80% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 5.7% | Term Debt | $27.98M | $27.98M | $0.00 | 16.30% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services – 16.8% | Term Debt | $25.25M | $25.25M | $0.00 | 15.30% | +10.00% | — |
Nth Degree, Inc. | Diversified/Conglomerate Services – 5.1% | Term Debt | $25.00M | $25.00M | $0.00 | 13.80% | +8.50% | — |
Dema/Mai Holdings, Inc. | Buildings and Real Estate – 4.5% | Preferred Equity | $22.18M | $21.00M | $1.18M | — | — | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 15.7% | Term Debt | $22.00M | $22.00M | $0.00 | 16.30% | +11.00% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber – 4.1% | Term Debt | $20.36M | $26.62M | -$6.25M | 10.80% | +5.50% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 4.1% | Term Debt | $20.00M | $20.00M | $0.00 | 15.80% | +10.50% | — |
Mason West, LLC | Diversified/Conglomerate Services – 4.0% | Preferred Stock | $19.76M | $11.21M | $8.55M | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.2% | Term Debt #2 | $18.80M | $18.80M | $0.00 | 12.30% | +7.00% | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals Total – 3.7% | Term Debt | $18.25M | $18.25M | $0.00 | 15.30% | +10.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.5% | Term Debt #1 | $17.70M | $17.70M | $0.00 | 15.30% | +10.00% | — |
The E3 Company, LLC | Oil and Gas – 3.3% | Preferred Stock | $16.42M | $11.23M | $5.19M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 15.7% | Term Debt #2 | $13.95M | $26.00M | -$12.05M | 15.60% | +10.30% | — |
Diligent Delivery Systems | Cargo Transport – 2.6% | Term Debt | $13.00M | $13.00M | $0.00 | 14.30% | +9.00% | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals – 2.5% | Preferred Stock | $12.29M | $6.00M | $6.29M | — | — | — |
Nocturne Villa Rentals, Inc. | Hotels, Motels, Inns, and Gaming – 2.5% | Preferred Stock | $12.27M | $6.60M | $5.67M | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.5% | Term Debt | $12.20M | $12.20M | $0.00 | 15.30% | +10.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.6% | Term Debt | $12.00M | $12.00M | $0.00 | 14.30% | +9.00% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 2.3% | Preferred Stock | $11.37M | $4.00M | $7.37M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 15.7% | Term Debt #1 | $8.85M | $16.50M | -$7.65M | 11.30% | +6.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.2% | 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 – 7.5% | Term Debt #2 | $6.85M | $6.85M | $0.00 | 15.30% | +10.00% | — |
The Maids International, LLC | Diversified/Conglomerate Services – 1.6% | Preferred Stock | $5.43M | $6.64M | -$1.21M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.9% | Term Debt | $5.27M | $14.00M | -$8.73M | 7.30% | — | — |
Nocturne Villa Rentals, Inc. | Hotels, Motels, Inns, and Gaming Total – 13.2% | Line of Credit | $4.00M | $4.00M | $0.00 | 13.30% | +8.00% | — |
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% | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.6% | Term Debt | $2.90M | $9.21M | -$6.30M | 10.80% | +5.50% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 1.1% | Term Debt | $2.82M | $3.20M | -$383.0K | 16.30% | +11.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 1.1% | Line of Credit | $2.75M | $2.75M | $0.00 | 12.30% | +7.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 15.7% | Line of Credit | $2.68M | $5.00M | -$2.32M | 11.30% | +6.00% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 1.6% | Preferred Stock | $2.61M | $6.75M | -$4.14M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 15.7% | Term Debt #3 | $1.31M | $2.44M | -$1.13M | 11.30% | +6.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing - 0.3% | Preferred Stock | $1.24M | $3.27M | -$2.04M | — | — | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.6% | Line of Credit | $1.00M | $1.00M | $0.00 | 11.30% | +6.00% | — |
The E3 Company, LLC | Oil and Gas – 7.1% | Line of Credit | $1.00M | $1.00M | $0.00 | 10.80% | +5.50% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 10.1% | Preferred Stock | $891.0K | $9.58M | -$8.69M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.9% | Line of Credit #2 | $656.0K | $656.0K | $0.00 | 7.30% | +2.00% | — |
Diligent Delivery Systems | Cargo Transport – 0.1% | Common Stock Warrants | $500.0K | $500.0K | $0.00 | — | — | — |
Funko Acquisition Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.0% | Common Units | $18.0K | $21.0K | -$3.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 0.0% | Preferred Stock | — | $4.72M | — | — | — | — |
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 – 4.0% | 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 | — | — | — | — |