Gladstone Investment · filed 2024-02-06
Total Fair Value
$844.60M
58 holdings
Unrealized P/L
+$46.79M
+5.86% vs cost
W. Avg Spread
+8.80%
debt, FV-weighted
W. Avg Coupon
14.06%
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
$845M
Total Fair Value
- Diversified/Conglomerate Services – 18.0%9.8%
- Diversified/Conglomerate Services – 16.8%9.1%
- Hotels, Motels, Inns, and Gaming – 14.2%7.7%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 11.9%6.5%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 9.5%5.2%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 9.3%5.1%
- Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)- 8.2%4.5%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.0%4.3%
- Diversified/Conglomerate Services – 7.9%4.3%
- Oil and Gas – 7.6%4.1%
- Other industries39.4%
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 |
|---|---|---|---|---|---|---|---|---|
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 14.2% | Term Debt | $61.10M | $61.10M | $0.00 | 14.50% | +10.50% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 18.0% | Term Debt | $57.70M | $57.70M | $0.00 | 12.90% | +7.50% | — |
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 – 9.5% | Preferred Stock | $43.60M | $6.65M | $36.95M | — | — | — |
Old World Christmas | Home and Office Furnishings, Housewares, and Durable Consumer Products – 9.3% | Inc. – Secured First Lien Term Loan | $43.00M | $43.00M | $0.00 | 14.90% | +9.50% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)- 8.2% | Common Stock | $37.65M | $30.75M | $6.90M | — | — | — |
Nth Degree Investment Group, LLC | Diversified/Conglomerate Services – 7.9% | Common Stock | $36.31M | $6.22M | $30.09M | — | — | — |
The E3 Company, LLC | Oil and Gas – 7.6% | Term Debt | $33.75M | $33.75M | $0.00 | 14.40% | +9.00% | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.1% | Preferred Stock | $32.59M | — | — | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 6.6% | Preferred Stock | $30.24M | $8.56M | $21.68M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services – 16.8% | Term Debt | $28.56M | $28.56M | $0.00 | 15.90% | +10.50% | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 6.1% | Term Debt | $27.98M | $27.98M | $0.00 | 16.40% | +11.00% | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate – 5.7% | Preferred Equity | $26.10M | $21.00M | $5.10M | — | — | — |
Mason West, LLC | Diversified/Conglomerate Services – 18.0% | Term Debt | $25.25M | $25.25M | $0.00 | 15.40% | +10.00% | — |
Nth Degree, Inc. | Diversified/Conglomerate Services – 5.4% | Term Debt | $24.88M | $25.00M | -$116.0K | 13.90% | +8.50% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 16.8% | Term Debt | $22.00M | $22.00M | $0.00 | 16.40% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services – 5.5% | Preferred Stock | $20.15M | $11.21M | $8.94M | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 4.3% | Term Debt | $20.00M | $20.00M | $0.00 | 15.90% | +10.50% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber – 4.2% | Term Debt | $19.26M | $26.62M | -$7.36M | 10.90% | +5.50% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.6% | Term Debt #2 | $18.80M | $18.80M | $0.00 | 12.40% | +7.00% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.0% | Term Debt #1 | $17.70M | $17.70M | $0.00 | 15.40% | +10.00% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 3.4% | Preferred Stock | $15.46M | $6.60M | $8.86M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.8% | Term Debt #2 | $13.88M | $26.00M | -$12.12M | 15.60% | +10.30% | — |
Diligent Delivery Systems | Cargo Transport – 2.8% | Term Debt | $13.00M | $13.00M | $0.00 | 14.40% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.0% | Term Debt | $12.15M | $12.20M | -$47.0K | 15.40% | +10.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.9% | Term Debt | $12.00M | $12.00M | $0.00 | 14.40% | +9.00% | — |
The E3 Company, LLC | Oil and Gas – 2.4% | Preferred Stock | $11.23M | $11.23M | $0.00 | — | — | — |
Schylling, Inc. | Leisure, Amusement, Motion Pictures, and Entertainment – 2.2% | Preferred Stock | $10.38M | $4.00M | $6.38M | — | — | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals – 2.1% | Preferred Stock | $9.58M | $6.00M | $3.58M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.8% | Term Debt #1 | $8.81M | $16.50M | -$7.69M | 11.40% | +6.00% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.6% | Term Debt #1 | $6.90M | $6.90M | $0.00 | 9.50% | +4.10% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.0% | Term Debt #2 | $6.85M | $6.85M | $0.00 | 15.40% | +10.00% | — |
The Maids International, LLC | Diversified/Conglomerate Services – 1.8% | Preferred Stock | $6.39M | $6.64M | -$248.0K | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.9% | Term Debt #1 | $6.08M | $14.00M | -$7.92M | 7.40% | +2.00% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 5.5% | Preferred Stock | $5.38M | — | — | — | — | — |
Edge Adhesives Holdings, Inc | Diversified/Conglomerate Manufacturing – 0.9% | Term Debt | $4.24M | $9.21M | -$4.97M | 10.90% | +5.50% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 14.2% | Line of Credit | $4.00M | $4.00M | $0.00 | 13.40% | +8.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 1.9% | Line of Credit | $2.80M | $2.80M | $0.00 | 7.40% | +2.00% | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing – 1.2% | Line of Credit | $2.75M | $2.75M | $0.00 | 12.40% | +7.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.8% | Line of Credit | $2.67M | $5.00M | -$2.33M | 11.40% | +6.00% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 1.2% | Term Debt | $2.54M | $3.20M | -$656.0K | 16.40% | +11.00% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 1.8% | Preferred Stock | $1.85M | $6.75M | -$4.89M | — | — | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.9% | Line of Credit | $1.50M | $1.50M | $0.00 | 11.40% | +6.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.8% | Term Debt #3 | $1.30M | $2.44M | -$1.14M | 11.40% | +6.00% | — |
The E3 Company, LLC | Oil and Gas – 7.6% | Line of Credit | $1.00M | $1.00M | $0.00 | 10.90% | +5.50% | — |
Diligent Delivery Systems | Cargo Transport – 0.1% | Common Stock Warrants | $500.0K | $500.0K | $0.00 | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 0.0% | Common Stock | $58.0K | $11.51M | -$11.46M | — | — | — |
Funko Acquisition Holdings, LLC | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.0% | Common Units | $22.0K | $21.0K | $1.0K | — | — | — |
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 – 9.5% | Preferred Stock | — | $9.58M | — | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 0.0% | Common Stock | — | $8.0K | — | — | — | — |
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 Mountain Corporation | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.0% | Line of Credit | — | $4.55M | — | 10.40% | +5.00% | — |
The Mountain Corporation | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.0% | Term Debt | — | $3.20M | — | 9.40% | +4.00% | — |
The Mountain Corporation | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.0% | Preferred Stock | — | $6.90M | — | — | — | — |
The Mountain Corporation | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.0% | Common Stock | — | $1.0K | — | — | — | — |