North Ground Capital

All Holdings — 2026 Q1

AI Portfolio Summary
In 2026 Q1, North Ground Capital maintained a portfolio of 49 distinct positions. The most significant new addition to the portfolio was GLADSTONE CAP CORP, which now represents 2.99% of the total fund value. They heavily accumulated shares in GOLUB CAP BDC INC, increasing their position by 46.9%. Conversely, North Ground Capital completely exited their position in WESTERN ASST INFLTN .
PCA Score Concentration Risk
Risk ENB
Total Positions
49
Quarter
2026 Q1
Top Holding
BRSP (10.8%)
Top 10 Concentration
62.9%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-49 of 49
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
BRSP
BRIGHTSPIRE CAP...
Real Estate 10.79% 8.49% #1
Prev: #1
6.0 -1,454,552 -47.6%
P
S
1,600,000 $8,960,000 2024 Q4 13F Filing 2026-03-31 2026-05-11
RWAY
RUNWAY GROWTH F...
Financial Services 7.96% 6.96% #2 1
Prev: #3
4.7 -607,724 -38.7%
P
S
961,326 $6,604,310 2024 Q4 13F Filing 2026-03-31 2026-05-11
GBDC
GOLUB CAP BDC I...
Financial Services 7.30% 2.20% #3 12
Prev: #15
6.4 152,788 46.9%
P
S
478,894 $6,062,798 2025 Q3 13F Filing 2026-03-31 2026-05-11
MSIF
MSC INCOME FUND...
Financial Services 6.59% 3.27% #4 8
Prev: #12
3.6 -52,759 -10.5%
P
S
448,919 $5,467,833 2025 Q3 13F Filing 2026-03-31 2026-05-11
ACRE
ARES COML REAL ...
Real Estate 6.48% 3.68% #5 5
Prev: #10
3.1 -431,806 -27.8%
P
S
1,120,000 $5,376,000 2025 Q1 13F Filing 2026-03-31 2026-05-11
CGBD
CARLYLE SECURED...
Financial Services 5.11% 5.66% #6
Prev: #6
2.0 -524,702 -57.5%
P
S
387,518 $4,239,447 2025 Q3 13F Filing 2026-03-31 2026-05-11
BCSF
BAIN CAP SPECIA...
Financial Services 4.99% 4.33% #7 1
Prev: #8
2.0 -292,532 -46.7%
P
S
333,982 $4,141,377 2025 Q3 13F Filing 2026-03-31 2026-05-11
CCAP
CRESCENT CAP BD...
Financial Services 4.96% 5.83% #8 3
Prev: #5
2.0 -496,405 -59.4%
P
S
338,907 $4,117,720 2025 Q2 13F Filing 2026-03-31 2026-05-11
MRP
MILLROSE PPTYS ...
Real Estate 4.38% 1.89% #9 11
Prev: #20
2.3 2,811 2.2%
P
S
130,000 $3,640,000 2025 Q1 13F Filing 2026-03-31 2026-05-11
NRK
NUVEEN NY AMT F...
Financial Services 4.36% 3.01% #10 4
Prev: #14
1.7 -246,798 -41.1%
P
S
354,414 $3,618,567 2024 Q4 13F Filing 2026-03-31 2026-05-11
FSSL
FS SPECIALTY LE...
Bond/Debt 3.77% 0.95% #11 16
Prev: #27
4.5 114,676 84.7%
P
S
250,000 $3,127,500 2025 Q4 13F Filing 2026-03-31 2026-05-11
TCPC
BLACKROCK TCP C...
Financial Services 3.70% 2.14% #12 4
Prev: #16
3.5 62,054 7.9%
P
S
850,000 $3,068,500 2024 Q4 13F Filing 2026-03-31 2026-05-11
GLO
CLOUGH GLOBAL O...
Bond/Debt 3.55% 3.13% #13
Prev: #13
1.4 -583,115 -52.4%
P
S
529,521 $2,949,432 2024 Q4 13F Filing 2026-03-31 2026-05-11
FSCO
FS CREDIT OPPOR...
Financial Services 3.23% 0.09% #14 29
Prev: #43
4.3 497,666 1820.7%
P
S
525,000 $2,677,500 2025 Q4 13F Filing 2026-03-31 2026-05-11
GLAD
GLADSTONE CAP C...
Financial Services 2.99% #15
Prev: #—
4.7 142,896 no change
NEW
142,896 $2,479,246 2026 Q1 13F Filing 2026-03-31 2026-05-11
OTF
BLUE OWL TECHNO...
Financial Services 2.82% 1.96% #16 2
Prev: #18
1.1 -82,971 -30.5%
P
S
188,674 $2,337,671 2025 Q3 13F Filing 2026-03-31 2026-05-11
MXF
MEXICO FD INC
Financial Services 1.80% 1.26% #17 6
Prev: #23
0.7 -54,943 -43.5%
P
S
71,369 $1,493,753 2025 Q3 13F Filing 2026-03-31 2026-05-11
NVG
NUVEEN AMT FREE...
Financial Services 1.68% 1.92% #18 1
Prev: #19
0.7 -191,674 -62.8%
P
S
113,390 $1,398,099 2024 Q4 13F Filing 2026-03-31 2026-05-11
ECAT
BLACKROCK ESG C...
Bond/Debt 1.64% 1.71% #19 2
Prev: #21
0.7 -123,714 -55.3%
P
S
100,000 $1,358,000 2024 Q4 13F Filing 2026-03-31 2026-05-11
IQI
INVESCO QUALITY...
Financial Services 1.51% 1.18% #20 4
Prev: #24
0.6 -107,966 -45.3%
P
S
130,401 $1,254,458 2024 Q4 13F Filing 2026-03-31 2026-05-11
AOMR
ANGEL OAK MORTG...
Real Estate 1.35% 1.07% #21 5
Prev: #26
0.5 -113,204 -45.3%
P
S
136,424 $1,121,405 2024 Q4 13F Filing 2026-03-31 2026-05-11
NQP
NUVEEN PA INVT ...
Financial Services 1.22% 0.90% #22 6
Prev: #28
0.5 -67,485 -44.2%
P
S
85,044 $1,014,575 2024 Q4 13F Filing 2026-03-31 2026-05-11
NXJ
NUVEEN NEW JERS...
Financial Services 0.93% 0.71% #23 8
Prev: #31
0.4 -50,187 -44.5%
P
S
62,639 $770,460 2024 Q4 13F Filing 2026-03-31 2026-05-11
BXSL
BLACKSTONE SECD...
Financial Services 0.77% #24
Prev: #—
3.8 27,041 no change
NEW
27,041 $640,601 2026 Q1 13F Filing 2026-03-31 2026-05-11
BRW
SABA CAPITAL IN...
Financial Services 0.77% 0.57% #25 9
Prev: #34
0.3 -68,682 -42.1%
P
S
94,432 $636,472 2025 Q1 13F Filing 2026-03-31 2026-05-11
VPV
INVESCO PA VALU...
Financial Services 0.63% 0.49% #26 10
Prev: #36
0.3 -43,706 -46.8%
P
S
49,775 $526,122 2024 Q4 13F Filing 2026-03-31 2026-05-11
CION
CION INVT CORP
Financial Services 0.62% 5.22% #27 20
Prev: #7
0.2 -1,011,992 -93.1%
P
S
75,000 $513,000 2024 Q4 13F Filing 2026-03-31 2026-05-11
ACP
ABRDN INCOME CR...
Financial Services 0.61% 0.88% #28 1
Prev: #29
0.2 -229,148 -69.6%
P
S
100,000 $510,000 2024 Q4 13F Filing 2026-03-31 2026-05-11
DMA
DESTRA MULTI-AL...
Financial Services 0.54% 0.34% #29 10
Prev: #39
0.2 -22,251 -28.8%
P
S
55,059 $446,528 2025 Q3 13F Filing 2026-03-31 2026-05-11
ARCC
ARES CAPITAL CO...
Financial Services 0.39% #30
Prev: #—
3.7 17,757 no change
NEW
17,757 $319,981 2026 Q1 13F Filing 2026-03-31 2026-05-11
SWZ
TOTAL RETURN SE...
Unknown 0.34% 2.04% #31 14
Prev: #17
0.1 -613,554 -92.8%
P
S
47,591 $282,215 2025 Q1 13F Filing 2026-03-31 2026-05-11
GLV
CLOUGH GLOBAL D...
Financial Services 0.34% 0.72% #32 2
Prev: #30
0.1 -196,895 -80.6%
P
S
47,359 $280,365 2024 Q4 13F Filing 2026-03-31 2026-05-11
GLQ
CLOUGH GLOBAL E...
Financial Services 0.32% 0.27% #33 8
Prev: #41
0.1 -36,465 -50.6%
P
S
35,554 $267,722 2024 Q4 13F Filing 2026-03-31 2026-05-11
ARI
APOLLO COML REA...
Real Estate 0.32% 0.29% #34 6
Prev: #40
0.1 -35,000 -58.3%
P
S
25,000 $264,000 2024 Q4 13F Filing 2026-03-31 2026-05-11
FSK
FS KKR CAP CORP
Financial Services 0.31% 6.59% #35 31
Prev: #4
0.1 -870,746 -97.2%
P
S
25,000 $254,500 2025 Q2 13F Filing 2026-03-31 2026-05-11
OXLC
OXFORD LANE CAP...
Financial Services 0.29% 7.51% #36 34
Prev: #2
0.1 -1,007,585 -97.6%
P
S
25,000 $244,500 2025 Q3 13F Filing 2026-03-31 2026-05-11
NMFC
NEW MTN FIN COR...
Financial Services 0.23% #37
Prev: #—
3.6 25,000 no change
NEW
25,000 $194,000 2026 Q1 13F Filing 2026-03-31 2026-05-11
FMN
FEDERATED HERME...
Financial Services 0.22% 0.21% #38 4
Prev: #42
0.1 -21,411 -55.7%
P
S
17,018 $186,007 2024 Q4 13F Filing 2026-03-31 2026-05-11
HFRO
HIGHLAND OPPS &...
Financial Services 0.15% 0.57% #39 6
Prev: #33
0.1 -170,620 -88.5%
P
S
22,081 $126,083 2024 Q4 13F Filing 2026-03-31 2026-05-11
ICMB
INVESTCORP CR M...
Financial Services 0.05% 0.07% #40 4
Prev: #44
0.0 -28,913 -53.2%
P
S
25,386 $41,125 2025 Q4 13F Filing 2026-03-31 2026-05-11
WIA
WESTERN ASST IN...
Bond/Debt 0.00% 0.04%
Sold All 😨
(Was: #45)
0.0 -10,892 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2026-03-31 2026-05-11
VKI
INVESCO ADVANTA...
Bond/Debt 0.00% 0.43%
Sold All 😨
(Was: #38)
0.0 -95,443 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2026-03-31 2026-05-11
NEA
NUVEEN AMT FREE...
Financial Services 0.00% 0.44%
Sold All 😨
(Was: #37)
0.0 -76,342 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2026-03-31 2026-05-11
AEF
ABRDN EMERGING ...
Financial Services 0.00% 0.53%
Sold All 😨
(Was: #35)
0.0 -152,370 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2026-03-31 2026-05-11
ZTR
VIRTUS TOTAL RE...
Unknown 0.00% 0.70%
Sold All 😨
(Was: #32)
0.0 -222,186 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2026-03-31 2026-05-11
ECC
EAGLE POINT CRE...
Financial Services 0.00% 1.12%
Sold All 😨
(Was: #25)
0.0 -390,468 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2026-03-31 2026-05-11
NZF
NUVEEN MUNICIPA...
Bond/Debt 0.00% 1.40%
Sold All 😨
(Was: #22)
0.0 -223,536 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2026-03-31 2026-05-11
XFLT
XAI OCTAGN FLT ...
Financial Services 0.00% 3.53%
Sold All 😨
(Was: #11)
0.0 -1,482,418 -100.0%
CLOSED
$— 2025 Q4 13F Filing 2026-03-31 2026-05-11
MFIC
MIDCAP FINANCIA...
Financial Services 0.00% 3.70%
Sold All 😨
(Was: #9)
0.0 -651,326 -100.0%
CLOSED
$— 2024 Q4 13F Filing 2026-03-31 2026-05-11
Showing 1-49 of 49 holdings

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