Gladstone Investment · filed 2023-11-01
Total Fair Value
$855.86M
63 holdings
Unrealized P/L
+$91.76M
+12.01% vs cost
W. Avg Spread
+9.03%
debt, FV-weighted
W. Avg Coupon
14.19%
debt, FV-weighted
% First Lien
5.0%
by fair value
Non-Accrual
0
text-detected
Investment Type Allocation
Fair value by type
Industry Concentration
Top 10 industries by fair value
$856M
Total Fair Value
- Diversified/Conglomerate Services – 23.9%13.3%
- Diversified/Conglomerate Services – 16.2%9.0%
- Diversified/Conglomerate Services – 16.1%9.0%
- Hotels, Motels, Inns, and Gaming – 13.3%7.4%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 9.0%5.0%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.9%4.9%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.7%4.3%
- Oil and Gas – 7.3%4.1%
- Diversified/Conglomerate Services – 7.0%3.9%
- Home and Office Furnishings, Housewares, and Durable Consumer Products – 6.7%3.7%
- Other industries35.5%
Spread Distribution
Floating-rate debt holdings by 50bp spread bucket
All holdings
Sortable, click headers to re-sort
63 of 63
| Issuer | Industry | Type | Fair Value | Cost | Unrealized | Coupon | Spread | Maturity |
|---|---|---|---|---|---|---|---|---|
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 13.3% | Term Debt | $61.10M | $61.10M | $0.00 | 14.50% | +10.50% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 23.9% | Term Debt | $57.70M | $57.70M | $0.00 | 12.80% | +7.50% | — |
Counsel Press, Inc. | Diversified/Conglomerate Services – 16.1% | Preferred Stock | $49.22M | $7.00M | $42.23M | — | — | — |
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% | — |
Brunswick Bowling Products, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.9% | Preferred Stock | $42.28M | $6.65M | $35.63M | — | — | — |
The E3 Company, LLC | Oil and Gas – 7.3% | Term Debt | $33.75M | $33.75M | $0.00 | 14.30% | +9.00% | — |
Nth Degree Investment Group, LLC | Diversified/Conglomerate Services – 7.0% | Common Stock | $33.17M | $6.22M | $26.95M | — | — | — |
Old World Christmas, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 6.7% | Preferred Stock | $31.74M | — | — | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services – 16.2% | Term Debt | $28.56M | $28.56M | $0.00 | 15.80% | +10.50% | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 5.9% | Preferred Stock | $28.01M | $8.56M | $19.45M | — | — | — |
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 – 23.9% | Term Debt | $26.94M | $25.25M | $1.69M | 15.30% | +10.00% | — |
Nth Degree, Inc. | Diversified/Conglomerate Services – 5.2% | Term Debt | $24.75M | $25.00M | -$250.0K | 13.80% | +8.50% | — |
PSI Molded Plastics, Inc. | Chemicals, Plastics, and Rubber – 5.0% | Term Debt | $23.66M | $26.62M | -$2.96M | 10.80% | +5.50% | — |
Counsel Press, Inc. | Diversified/Conglomerate Services – 23.9% | Term Debt #1 | $22.11M | $21.10M | $1.01M | 17.10% | +11.80% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 16.2% | Term Debt | $22.00M | $22.00M | $0.00 | 16.30% | +11.00% | — |
Mason West, LLC | Diversified/Conglomerate Services – 16.1% | Preferred Stock | $20.94M | $11.21M | $9.73M | — | — | — |
Dema/Mai Holdings, Inc | Buildings and Real Estate – 4.3% | Preferred Equity | $20.45M | $21.00M | -$554.0K | — | — | — |
Educators Resource, Inc. | Healthcare, Education, and Childcare – 4.2% | Term Debt | $20.00M | $20.00M | $0.00 | 15.80% | +10.50% | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 5.4% | Term Debt #2 | $18.80M | $18.80M | $0.00 | 12.30% | +7.00% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 3.7% | Preferred Stock | $17.88M | $6.60M | $11.28M | — | — | — |
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% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.2% | Term Debt #2 | $13.89M | $26.00M | -$12.11M | 15.60% | +10.30% | — |
Diligent Delivery Systems | Cargo Transport – 2.7% | Term Debt | $13.00M | $13.00M | $0.00 | 14.30% | +9.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 3.3% | Term Debt #2 | $12.52M | $12.52M | $0.00 | 12.30% | +7.00% | — |
Home Concepts Acquisition, Inc. | Printing and Publishing – 2.5% | Term Debt | $12.00M | $12.00M | $0.00 | 14.30% | +9.00% | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 7.7% | Term Debt | $11.92M | $12.20M | -$277.0K | 15.30% | +10.00% | — |
B+T Group Acquisition, Inc. | Telecommunications – 2.9% | Term Debt #1 | $11.41M | $14.00M | -$2.59M | 7.30% | +2.00% | — |
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 | $10.53M | $4.00M | $6.53M | — | — | — |
Utah Pacific Bridge & Steel, Ltd. | Mining, Steel, Iron and Non-Precious Metals – 1.9% | Preferred Stock | $9.24M | $6.00M | $3.24M | — | — | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.2% | Term Debt #1 | $8.81M | $16.50M | -$7.69M | 11.30% | +6.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 1.8% | Preferred Stock | $8.62M | $4.82M | $3.80M | — | — | — |
The Maids International, LLC | Diversified/Conglomerate Services – 1.6% | Preferred Stock | $6.95M | $6.64M | $308.0K | — | — | — |
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% | — |
Counsel Press, Inc. | Diversified/Conglomerate Services – 23.9% | Term Debt #2 | $6.72M | $6.40M | $324.0K | 18.30% | +13.00% | — |
Horizon Facilities Services, Inc. | Diversified/Conglomerate Services – 16.1% | Preferred Stock | $6.59M | — | — | — | — | — |
Edge Adhesives Holdings, Inc. | Diversified/Conglomerate Manufacturing – 0.9% | Term Debt | $4.34M | $9.21M | -$4.87M | 10.80% | +5.50% | — |
Phoenix Door Systems, Inc. | Diversified/Conglomerate Manufacturing – 1.2% | Term Debt | $3.20M | $3.20M | $0.00 | 16.30% | +11.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic) – 3.3% | Term Debt #1 | $3.13M | $3.13M | $0.00 | 12.30% | +7.00% | — |
Phoenix Door Systems, Inc | Diversified/Conglomerate Manufacturing – 1.2% | Line of Credit | $2.75M | $2.75M | $0.00 | 12.30% | +7.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.2% | Line of Credit | $2.67M | $5.00M | -$2.33M | 11.30% | +6.00% | — |
SFEG Holdings, Inc. | Machinery (Non-Agriculture, Non-Construction, and Non-Electronic)- 0.5% | Common Stock | $2.44M | $222.0K | $2.22M | — | — | — |
B+T Group Acquisition, Inc. | Telecommunications – 2.9% | Line of Credit | $2.28M | $2.80M | -$518.0K | 7.30% | +2.00% | — |
Nocturne Luxury Villas, Inc. | Hotels, Motels, Inns, and Gaming – 13.3% | Line of Credit | $2.00M | $2.00M | $0.00 | 13.30% | +8.00% | — |
J.R. Hobbs Co. - Atlanta, LLC | Diversified/Conglomerate Services – 16.2% | Term Debt #3 | $1.30M | $2.44M | -$1.14M | 11.30% | +6.00% | — |
Diligent Delivery Systems | Cargo Transport – 0.3% | Common Stock Warrants | $1.16M | $500.0K | $657.0K | — | — | — |
The E3 Company, LLC | Oil and Gas – 7.3% | Line of Credit | $1.00M | $1.00M | $0.00 | 10.80% | +5.50% | — |
ImageWorks Display and Marketing Group, Inc. | Diversified/Conglomerate Services – 1.6% | Preferred Stock | $651.0K | $6.75M | -$6.10M | — | — | — |
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 | — | — | — | — |
Galaxy Technologies Holdings, Inc. | Aerospace and Defense – 0.0% | Common Stock | — | $11.51M | — | — | — | — |
Ginsey Home Solutions, Inc. | Home and Office Furnishings, Housewares, and Durable Consumer Products – 8.9% | Preferred Stock | — | $9.58M | — | — | — | — |
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 – 2.5% | Line of Credit | — | — | — | 11.30% | +6.00% | — |
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 | — | 10.30% | +5.00% | — |
The Mountain Corporation | Personal and Non-Durable Consumer Products (Manufacturing Only) – 0.0% | Term Debt | — | $3.20M | — | 9.30% | +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 | — | — | — | — |