North Ground Capital: 13F holdings, Q2 2026
Hedge fund · SEC EDGAR filings (CIK 2055446) · Explore on the interactive board
North Ground Capital disclosed 33 US equity positions worth $83.4m in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 13, 2026). Its largest position is FS SPECIALTY LENDING FD at 10.9% of the reported book, followed by CARLYLE SECURED LENDING INC, MSC INCOME FUND INC. The top ten holdings are 67.7% of the book, and the portfolio behaves like about 18 equal-weight positions. Versus the prior filing it opened 8 new positions, added to 14, reduced 11 and exited 15. Note: this manager's most recent filing is 3934 quarters behind the newest quarter on file, so these figures are history rather than current positioning.
What does North Ground Capital own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 8 new, 14 added, 11 reduced, 15 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | FS SPECIALTY LENDING FD | 10.9% | $9.1m | 817,600 | 227% | added | |
| 2 | CARLYLE SECURED LENDING INC | 7.8% | $6.5m | 616,000 | 59% | added | |
| 3 | MSC INCOME FUND INC | 7.5% | $6.2m | 537,600 | 20% | added | |
| 4 | BRSP BRIGHTSPIRE CAPITAL INC | 7.1% | $6.0m | 1,092,000 | -32% | reduced | |
| 5 | CCAP CRESCENT CAP BDC INC | 6.8% | $5.7m | 520,800 | 54% | added | |
| 6 | ACRE ARES COML REAL ESTATE CORP | 6.7% | $5.5m | 1,232,000 | 10% | added | |
| 7 | MRP MILLROSE PPTYS INC | Real Estate | 6.5% | $5.4m | 179,200 | 38% | added |
| 8 | CLOUGH GLOBAL OPPORTUNITIES | 5.3% | $4.5m | 728,000 | 37% | added | |
| 9 | RWAY RUNWAY GROWTH FINANCE CORP | 4.9% | $4.1m | 728,000 | -24% | reduced | |
| 10 | NUVEEN NY AMT FREE | 4.2% | $3.5m | 323,680 | -9% | reduced | |
| 11 | MEXICO FD INC | 3.6% | $3.0m | 136,348 | 91% | added | |
| 12 | OTF BLUE OWL TECHNOLOGY FIN CORP | 3.4% | $2.9m | 277,467 | 47% | added | |
| 13 | BAIN CAP SPECIALTY FIN INC | 3.4% | $2.8m | 224,000 | -33% | reduced | |
| 14 | SLR INVESTMENT CORP | 2.5% | $2.1m | 168,000 | – | new | |
| 15 | GLADSTONE CAP CORP | 2.5% | $2.0m | 105,280 | -26% | reduced | |
| 16 | TORTOISE ENERGY INFRSTRCTR C | 2.3% | $1.9m | 44,800 | – | new | |
| 17 | BXMT BLACKSTONE MORTGAGE TRUST IN | Real Estate | 2.2% | $1.8m | 106,400 | – | new |
| 18 | NUVEEN FLOATING RATE INCOME | 2.0% | $1.7m | 222,501 | – | new | |
| 19 | AOMR ANGEL OAK MORTGAGE REIT INC | 1.8% | $1.5m | 164,369 | 20% | added | |
| 20 | VIRTUS DIVIDEND INTEREST & P | 1.6% | $1.4m | 89,387 | – | new | |
| 21 | INVESCO QUALITY MUN INCOME T | 1.5% | $1.2m | 120,018 | -8% | reduced | |
| 22 | NUVEEN MUN HIGH INCOME OPPOR | 1.1% | $947.1k | 89,600 | – | new | |
| 23 | CLOUGH GLOBAL EQUITY FD | 0.9% | $768.0k | 89,094 | 151% | added | |
| 24 | CLOUGH GLOBAL DIVID & INCOME | 0.7% | $607.6k | 91,500 | 93% | added | |
| 25 | FS CREDIT OPPORTUNITIES CORP | 0.5% | $447.1k | 89,600 | -83% | reduced | |
| 26 | BLACKROCK ESG CAP ALLC TERM | 0.5% | $440.2k | 28,000 | -72% | reduced | |
| 27 | SABA CAPITAL INCOME & OPRNT | 0.4% | $367.9k | 56,000 | -41% | reduced | |
| 28 | NUVEEN CR STRATEGIES INCOME | 0.4% | $364.0k | 74,901 | – | new | |
| 29 | DESTRA MULTI-ALTERNATIVE FD | 0.3% | $224.4k | 30,000 | -46% | reduced | |
| 30 | FEDERATED HERMES PREM MUNI I | 0.2% | $181.7k | 15,818 | -7% | reduced | |
| 31 | HIGHLAND OPPS & INCOME FD | 0.2% | $176.3k | 24,731 | 12% | added | |
| 32 | JAPAN SMALLER CAPITALIZATION | 0.1% | $117.8k | 10,000 | – | new | |
| 33 | INVESTCORP CR MGMT BDC INC | 0.0% | $32.8k | 28,000 | 10% | added |
What did North Ground Capital sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| GBDC GOLUB CAP BDC INC | 37.7% | $6.1m |
| BLACKROCK TCP CAPITAL CORP | 19.1% | $3.1m |
| NUVEEN AMT FREE MUN CR INC F | 8.7% | $1.4m |
| NUVEEN PA INVT QUALITY MUN F | 6.3% | $1.0m |
| NUVEEN NEW JERSEY | 4.8% | $770.5k |
| BXSL BLACKSTONE SECD LENDING FD | 4.0% | $640.6k |
| INVESCO PA VALUE MUN INC TR | 3.3% | $526.1k |
| CION CION INVT CORP | 3.2% | $513.0k |
| ABRDN INCOME CREDIT STRATEGI | 3.2% | $510.0k |
| ARCC ARES CAPITAL CORP | 2.0% | $320.0k |
| TOTAL RETURN SECURITIES FUND | 1.8% | $282.2k |
| ARI APOLLO COML REAL ESTATE FIN | 1.6% | $264.0k |
| FSK FS KKR CAP CORP | 1.6% | $254.5k |
| OXFORD LANE CAP CORP | 1.5% | $244.5k |
| NMFC NEW MTN FIN CORP | 1.2% | $194.0k |
Sector mix
| Sector | Weight |
|---|---|
| Real Estate | 8.6% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is North Ground Capital's portfolio?
Across every quarter North Ground Capital has filed, its median largest position is 10.9% of the book and its median top-ten weight is 65.3%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 15.0 completed holding spells, the median lasted 1.0 quarters; 33.0 positions are still open and their final length is unknown.