North Ground Capital
Reported holdings as of Q2 2026, from 7 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| FS SPECIALTY LENDING FD | FSSL | $9.1M | 817,600 | +7.17pp | 3q | +227.0%+$6.3M | |
| CARLYLE SECURED LENDING INC | CGBD | $6.5M | 616,000 | +2.68pp | 4q | +59.0%+$2.4M | |
| MSC INCOME FUND INC | MSIF | $6.2M | 537,600 | +0.88pp | 4q | +19.8%+$1.0M | |
| BRIGHTSPIRE CAPITAL INC | BRSP | $6.0M | 1,092,000 | -3.65pp | 7q | -31.8%-$2.8M | |
| CRESCENT CAP BDC INC | CCAP | $5.7M | 520,800 | +1.86pp | 5q | +53.7%+$2.0M | |
| ARES COML REAL ESTATE CORP | ACRE | $5.5M | 1,232,000 | +0.18pp | 4q | +10.0%+$504.0K | |
| MILLROSE PPTYS INC | MRP | $5.4M | 179,200 | +2.08pp | 3q | +37.8%+$1.5M | |
| CLOUGH GLOBAL OPPORTUNITIES | GLO | $4.5M | 728,000 | +1.79pp | 7q | +37.5%+$1.2M | |
| RUNWAY GROWTH FINANCE CORP | RWAY | $4.1M | 728,000 | -3.06pp | 7q | -24.3%-$1.3M | |
| NUVEEN NY AMT FREE | NRK | $3.5M | 323,680 | -0.20pp | 7q | -8.7%-$329.5K | |
| MEXICO FD INC | MXF | $3.0M | 136,348 | +1.78pp | 4q | +91.0%+$1.4M | |
| BLUE OWL TECHNOLOGY FIN CORP | OTF | $2.9M | 277,467 | +0.63pp | 4q | +47.1%+$919.0K | |
| BAIN CAP SPECIALTY FIN INC | BCSF | $2.8M | 224,000 | -1.62pp | 4q | -32.9%-$1.4M | |
| SLR INVESTMENT CORP | SLRC | $2.1M | 168,000 | - | new | NEW | |
| GLADSTONE CAP CORP | GLAD | $2.0M | 105,280 | -0.53pp | 2q | -26.3%-$730.5K | |
| TORTOISE ENERGY INFRSTRCTR C | TYG | $1.9M | 44,800 | - | new | NEW | |
| BLACKSTONE MORTGAGE TRUST IN | BXMT | $1.8M | 106,400 | - | new | NEW | |
| NUVEEN FLOATING RATE INCOME | JFR | $1.7M | 222,501 | - | new | NEW | |
| ANGEL OAK MORTGAGE REIT INC | AOMR | $1.5M | 164,369 | +0.44pp | 7q | +20.5%+$253.7K | |
| VIRTUS DIVIDEND INTEREST & P | NFJ | $1.4M | 89,387 | - | new | NEW | |
| INVESCO QUALITY MUN INCOME T | IQI | $1.2M | 120,018 | -0.05pp | 7q | -8.0%-$105.1K | |
| NUVEEN MUN HIGH INCOME OPPOR | NMZ | $947.1K | 89,600 | - | new | NEW | |
| CLOUGH GLOBAL EQUITY FD | GLQ | $768.0K | 89,094 | +0.60pp | 7q | +150.6%+$461.5K | |
| CLOUGH GLOBAL DIVID & INCOME | GLV | $607.6K | 91,500 | +0.39pp | 7q | +93.2%+$293.1K | |
| FS CREDIT OPPORTUNITIES CORP | FSCO | $447.1K | 89,600 | -2.69pp | 3q | -82.9%-$2.2M | |
| BLACKROCK ESG CAP ALLC TERM | ECAT | $440.2K | 28,000 | -1.11pp | 7q | -72.0%-$1.1M | |
| SABA CAPITAL INCOME & OPRNT | BRW | $367.9K | 56,000 | -0.33pp | 6q | -40.7%-$252.5K | |
| NUVEEN CR STRATEGIES INCOME | JQC | $364.0K | 74,901 | - | new | NEW | |
| DESTRA MULTI-ALTERNATIVE FD | DMA | $224.4K | 30,000 | -0.27pp | 4q | -45.5%-$187.4K | |
| FEDERATED HERMES PREM MUNI I | FMN | $181.7K | 15,818 | -0.01pp | 7q | -7.1%-$13.8K | |
| HIGHLAND OPPS & INCOME FD | HFRO | $176.3K | 24,731 | +0.06pp | 7q | +12.0%+$18.9K | |
| JAPAN SMALLER CAPITALIZATION | JOF | $117.8K | 10,000 | - | new | NEW | |
| INVESTCORP CR MGMT BDC INC | ICMB | $32.8K | 28,000 | -0.01pp | 3q | +10.3%+$3.1K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Funds & ETFs | $61.8M | 74.2% |
| Real Estate | $20.2M | 24.2% |
| Banks & Lending | $1.4M | 1.6% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $83.4M | 33 | 8 | 14 | 11 | 15 | 67.7% | 44 |
| Q1 2026 | $83.0M | 40 | 4 | 5 | 31 | 9 | 62.9% | 41 |
| Q4 2025 | $201.4M | 45 | 6 | 28 | 11 | 12 | 58.0% | 43 |
| Q3 2025 | $163.0M | 51 | 18 | 26 | 7 | 5 | 48.8% | 29 |
| Q2 2025 | $78.4M | 38 | 2 | 5 | 31 | 6 | 60.6% | 45 |
| Q1 2025 | $98.3M | 42 | 8 | 26 | 7 | 12 | 61.9% | 44 |
| Q4 2024 | $92.9M | 46 | 0 | 0 | 0 | 0 | 57.4% | 45 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.