North Ground Capital — 13F Holdings & Portfolio
CIK 2055446 · latest 13F-HR filed 2026-08-13
North Ground Capital manages $83.4M in 13F-reported U.S. long-equity assets across 33 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are FSSL (10.94%), CGBD (7.78%), MSIF (7.46%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 8 new positions, exited 15, added to 12, and trimmed 9.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$83.4M
Long-equity book
33
Distinct positions
2026-06-30
Filed 2026-08-13
+8 / −15 / ↑12 / ↓9
vs 2026-03-31
Portfolio charts
Latest quarter's book, what changed, and how the portfolio has evolved across filings.
| Name | Title / Status | Ownership | Type |
|---|
Quarter-over-quarter changes
Share-count changes vs the prior 13F.
Top Adds (vs prior quarter)
- FS SPECIALTY LENDING FD$6.0M +191.5%
- CARLYLE SECURED LENDING INC$2.2M +53.0%
- MILLROSE PPTYS INC$1.7M +47.9%
- CRESCENT CAP BDC INC$1.6M +38.1%
- CLOUGH GLOBAL OPPORTUNITIES$1.5M +51.1%
Top Trims
- BRIGHTSPIRE CAPITAL INC-$3.0M -33.6%
- RUNWAY GROWTH FINANCE CORP-$2.5M -38.2%
- FS CREDIT OPPORTUNITIES CORP-$2.2M -83.3%
- BAIN CAP SPECIALTY FIN INC-$1.3M -32.3%
- BLACKROCK ESG CAP ALLC TERM-$917.8K -67.6%
New Positions
- SLR INVESTMENT CORP$2.1M
- TORTOISE ENERGY INFRSTRCTR C$1.9M
- BLACKSTONE MORTGAGE TRUST IN$1.8M
- NUVEEN FLOATING RATE INCOME$1.7M
- VIRTUS DIVIDEND INTEREST & P$1.4M
Exited Positions
- GOLUB CAP BDC INC$6.1M
- BLACKROCK TCP CAPITAL CORP$3.1M
- NUVEEN AMT FREE MUN CR INC F$1.4M
- NUVEEN PA INVT QUALITY MUN F$1.0M
- NUVEEN NEW JERSEY$770.5K
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | FS SPECIALTY LENDING FD | FSSL | 644323107 | $9.1M | 10.94% | 817,600 | SH |
| 2 | CARLYLE SECURED LENDING INC | CGBD | 872280102 | $6.5M | 7.78% | 616,000 | SH |
| 3 | MSC INCOME FUND INC | MSIF | 55374X208 | $6.2M | 7.46% | 537,600 | SH |
| 4 | BRIGHTSPIRE CAPITAL INC | BRSP | 10949T109 | $6.0M | 7.14% | 1,092,000 | SH |
| 5 | CRESCENT CAP BDC INC | CCAP | 225655109 | $5.7M | 6.82% | 520,800 | SH |
| 6 | ARES COML REAL ESTATE CORP | ACRE | 04013V108 | $5.5M | 6.65% | 1,232,000 | SH |
| 7 | MILLROSE PPTYS INC | MRP | 601137102 | $5.4M | 6.46% | 179,200 | SH |
| 8 | CLOUGH GLOBAL OPPORTUNITIES | GLO | 18914E106 | $4.5M | 5.35% | 728,000 | SH |
| 9 | RUNWAY GROWTH FINANCE CORP | RWAY | 78163D100 | $4.1M | 4.90% | 728,000 | SH |
| 10 | NUVEEN NY AMT FREE | NRK | 670656107 | $3.5M | 4.16% | 323,680 | SH |
| 11 | MEXICO FD INC | MXF | 592835102 | $3.0M | 3.58% | 136,348 | SH |
| 12 | BLUE OWL TECHNOLOGY FIN CORP | OTF | 095924106 | $2.9M | 3.45% | 277,467 | SH |
| 13 | BAIN CAP SPECIALTY FIN INC | BCSF | 05684B107 | $2.8M | 3.36% | 224,000 | SH |
| 14 | SLR INVESTMENT CORP | SLRC | 83413U100 | $2.1M | 2.49% | 168,000 | SH |
| 15 | GLADSTONE CAP CORP | GLAD | 376535878 | $2.0M | 2.45% | 105,280 | SH |
| 16 | TORTOISE ENERGY INFRSTRCTR C | TYG | 89147L886 | $1.9M | 2.30% | 44,800 | SH |
| 17 | BLACKSTONE MORTGAGE TRUST IN | BXMT | 09257W100 | $1.8M | 2.16% | 106,400 | SH |
| 18 | NUVEEN FLOATING RATE INCOME | JFR | 67072T108 | $1.7M | 2.05% | 222,501 | SH |
| 19 | ANGEL OAK MORTGAGE REIT INC | AOMR | 03464Y108 | $1.5M | 1.79% | 164,369 | SH |
| 20 | VIRTUS DIVIDEND INTEREST & P | NFJ | 92840R101 | $1.4M | 1.63% | 89,387 | SH |
| 21 | INVESCO QUALITY MUN INCOME T | IQI | 46133G107 | $1.2M | 1.46% | 120,018 | SH |
| 22 | NUVEEN MUN HIGH INCOME OPPOR | NMZ | 670682103 | $947.1K | 1.14% | 89,600 | SH |
| 23 | CLOUGH GLOBAL EQUITY FD | GLQ | 18914C100 | $768.0K | 0.92% | 89,094 | SH |
| 24 | CLOUGH GLOBAL DIVID & INCOME | GLV | 18913Y103 | $607.6K | 0.73% | 91,500 | SH |
| 25 | FS CREDIT OPPORTUNITIES CORP | FSCO | 30290Y101 | $447.1K | 0.54% | 89,600 | SH |
| 26 | BLACKROCK ESG CAP ALLC TERM | ECAT | 09262F100 | $440.2K | 0.53% | 28,000 | SH |
| 27 | SABA CAPITAL INCOME & OPRNT | BRW | 78518H202 | $367.9K | 0.44% | 56,000 | SH |
| 28 | NUVEEN CR STRATEGIES INCOME | JQC | 67073D102 | $364.0K | 0.44% | 74,901 | SH |
| 29 | DESTRA MULTI-ALTERNATIVE FD | DMA | 25065A502 | $224.4K | 0.27% | 30,000 | SH |
| 30 | FEDERATED HERMES PREM MUNI I | FMN | 31423P108 | $181.7K | 0.22% | 15,818 | SH |
| 31 | HIGHLAND OPPS & INCOME FD | HFRO | 43010E404 | $176.3K | 0.21% | 24,731 | SH |
| 32 | JAPAN SMALLER CAPITALIZATION | JOF | 47109U104 | $117.8K | 0.14% | 10,000 | SH |
| 33 | INVESTCORP CR MGMT BDC INC | ICMB | 46090R104 | $32.8K | 0.04% | 28,000 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-06-30 | 2026-08-13 | $83.4M | 33 | 0001420506-26-001565 |
| 2026-03-31 | 2026-05-11 | $83.0M | 40 | 0001420506-26-000890 |
| 2025-12-31 | 2026-02-12 | $201.4M | 45 | 0001420506-26-000329 |
| 2025-09-30 | 2025-10-29 | $163.0M | 51 | 0001420506-25-002922 |
COHASSET, MA 02025