13F HOLDINGS REPORT
North Ground Capital
Quarter ended Q3 2025 · Filed October 29, 2025 · Accession 0001420506-25-002922
Total Value
$163.0M
Positions
51
Other Managers
0
Confidential Omitted
No
Holdings (51)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BRIGHTSPIRE CAPITAL INC | BRSP | 2,520,000 | $13.7M | 8.40% |
| 2 | CION INVT CORP | 17259U204 | 1,002,778 | $9.5M | 5.83% |
| 3 | FS KKR CAP CORP | FSK | 615,000 | $9.2M | 5.63% |
| 4 | RUNWAY GROWTH FINANCE CORP | RWAYL | 775,000 | $7.9M | 4.83% |
| 5 | VIRTUS TOTAL RETURN FD INC | 92835W107 | 1,197,000 | $7.7M | 4.74% |
| 6 | OXFORD LANE CAP CORP | OXLCZ | 422,222 | $6.8M | 4.15% |
| 7 | EAGLE POINT INCOME COMPANY I | EICC | 422,222 | $6.5M | 3.96% |
| 8 | JANUS DETROIT STR TR | 47103U845 | 126,667 | $6.4M | 3.95% |
| 9 | CRESCENT CAP BDC INC | 225655109 | 418,000 | $6.0M | 3.66% |
| 10 | CARLYLE SECURED LENDING INC | CGBD | 476,134 | $6.0M | 3.65% |
| 11 | NUVEEN NEW YORK AMT QLT MUNI | NU | 538,650 | $5.5M | 3.37% |
| 12 | CLOUGH GLOBAL OPPORTUNITIES | GLO | 947,362 | $5.4M | 3.31% |
| 13 | ARES COML REAL ESTATE CORP | 04013V108 | 1,157,863 | $5.2M | 3.20% |
| 14 | BLUE OWL TECHNOLOGY FIN CORP | OTF | 375,000 | $5.2M | 3.18% |
| 15 | EAGLE POINT CREDIT COMPANY I | ECCW | 633,333 | $5.0M | 3.05% |
| 16 | BLACKROCK ESG CAP ALLC TERM | BLK | 285,000 | $4.7M | 2.87% |
| 17 | MSC INCOME FUND INC | MSIF | 319,780 | $4.2M | 2.58% |
| 18 | ANGEL OAK MORTGAGE REIT INC | AOMN | 388,836 | $3.6M | 2.24% |
| 19 | NUVEEN AMT FREE MUN CR INC F | NU | 273,600 | $3.4M | 2.06% |
| 20 | NUVEEN MUNICIPAL CREDIT INC | NU | 256,500 | $3.2M | 1.98% |
| 21 | BLACKROCK TCP CAPITAL CORP | TCPC | 500,000 | $3.1M | 1.90% |
| 22 | MIDCAP FINANCIAL INVSTMNT CO | 03761U502 | 250,000 | $3.0M | 1.84% |
| 23 | BAIN CAP SPECIALTY FIN INC | 05684B107 | 175,000 | $2.5M | 1.53% |
| 24 | NUVEEN MUN CR OPPORTUNITIES | NU | 206,380 | $2.2M | 1.38% |
| 25 | NUVEEN NEW JERSEY QULT MUN F | NU | 171,000 | $2.1M | 1.30% |
| 26 | INVESCO QUALITY MUN INCOME T | IVZ | 213,750 | $2.1M | 1.29% |
| 27 | CLOUGH GLOBAL DIVID & INCOME | 18913Y103 | 313,031 | $1.9M | 1.14% |
| 28 | CLOUGH GLOBAL EQUITY FD | 18914C100 | 234,189 | $1.8M | 1.09% |
| 29 | ABRDN INCOME CREDIT STRATEGI | ACP-PA | 295,926 | $1.7M | 1.05% |
| 30 | NUVEEN PENNSYLVANIA QLT MUN | NU | 136,800 | $1.6M | 1.01% |
| 31 | KAYNE ANDERSON BDC INC | KBDC | 100,000 | $1.3M | 0.82% |
| 32 | HIGHLAND OPPS & INCOME FD | HFRO-PB | 196,996 | $1.3M | 0.77% |
| 33 | TORTOISE ENERGY INFRA CORP | TYG | 28,932 | $1.2M | 0.76% |
| 34 | TOTAL RETURN SECURITIES FUND | SWZ | 193,523 | $1.2M | 0.72% |
| 35 | INVESCO TR INVT GRADE NEW YO | IVZ | 106,729 | $1.2M | 0.72% |
| 36 | ABRDN EMERGING MARKETS EX CH | AEF | 138,038 | $894,486 | 0.55% |
| 37 | INVESCO PA VALUE MUN INC TR | IVZ | 83,691 | $864,528 | 0.53% |
| 38 | SABA CAPITAL INCOME & OPRNT | 78518H202 | 110,000 | $854,700 | 0.52% |
| 39 | WESTERN ASST INFLTN LKD INM | 95766Q106 | 99,842 | $840,670 | 0.52% |
| 40 | NUVEEN AMT FREE QLTY MUN INC | NU | 68,400 | $779,076 | 0.48% |
| 41 | ABRDN TOTAL DYNAMIC DIVIDEND | AOD | 80,974 | $766,014 | 0.47% |
| 42 | INVESCO ADVANTAGE MUN INCOME | IVZ | 85,500 | $749,835 | 0.46% |
| 43 | CLEARBRIDGE ENERGY MIDSTRM O | 18469P209 | 16,446 | $738,754 | 0.45% |
| 44 | GOLUB CAP BDC INC | 38173M102 | 50,000 | $684,500 | 0.42% |
| 45 | MEXICO FD INC | 592835102 | 30,869 | $608,119 | 0.37% |
| 46 | REDWOOD TRUST INC | RWTQ | 95,000 | $550,050 | 0.34% |
| 47 | DESTRA MULTI-ALTERNATIVE FD | 25065A502 | 59,006 | $509,812 | 0.31% |
| 48 | FEDERATED HERMES PREM MUNI I | FHI | 34,371 | $379,456 | 0.23% |
| 49 | EATON VANCE NEW YORK MUN BD | ETN | 36,942 | $364,248 | 0.22% |
| 50 | EATON VANCE CALIF MUN BD FD | ETN | 17,623 | $167,242 | 0.10% |
| 51 | OXFORD SQUARE CAP CORP | OXSQH | 50,000 | $79,500 | 0.05% |