What is the 13F Pro Quality Score for WHF?

13F Pro ranks WhiteHorse Finance, Inc. (WHF) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View WHF's current score at https://13fpro.ai/research/WHF (free sign-up required for the full ranking).

Which hedge funds own the most WHF stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of WHF include Lalia Capital,, TWO SIGMA INVESTMENTS,, CastleKnight Management. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/WHF as soon as new 13F filings post.

Where does 13F Pro source WHF data?

All WhiteHorse Finance, Inc. fundamentals and ownership data come directly from SEC EDGAR. WhiteHorse Finance, Inc. files with the SEC under CIK 1552198. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is WHF in?

WhiteHorse Finance, Inc. (WHF) is classified in the Other sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/other.

How often is WHF research updated on 13F Pro?

WHF's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

WhiteHorse Finance, Inc.(WHF)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Pending next ranking run

This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

WHF Stock Analysis & AI Quality Score

AI stock analysis and institutional research for WhiteHorse Finance, Inc. (WHF). WHF is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), WhiteHorse Finance, Inc. reports net income of $-687.0K, free cash flow of $28.2M. Top institutional holders of WHF by reported 13-F value include Lalia Capital,, TWO SIGMA INVESTMENTS,, CastleKnight Management, based on the most recent SEC filings. WHF trades on the Nasdaq exchange and files with the SEC under CIK 1552198. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate WHF daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for WhiteHorse Finance, Inc. directly from SEC EDGAR.

Net Income

Q1 2026

$-687.0K

Free Cash Flow

Q1 2026

$28.2M

D/E Ratio

Q1 2026

1.29

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Net Income

-54.8% YoY

$14.3MFY 2025

FY19 —FY20 $31.7MFY25 $14.3M

EPS (Diluted)

-60.0% YoY

$0.62FY 2025

FY19 —FY20 $1.55FY25 $0.62

Total Assets

$615.1MFY 2025

FY19 —FY20 —FY25 $615.1M

Total Debt

$323.8MFY 2025

FY19 —FY20 —FY25 $323.8M

Op. Cash Flow

+219.6% YoY

$77.3MFY 2025

FY19 —FY20 $-64.6MFY25 $77.3M

Metric	FY 2025	FY 2020	FY 2019
Net Income	$14.3M -54.8%	$31.7M	—
EPS (Diluted)	$0.62 -60.0%	$1.55	—
Total Assets	$615.1M	—	—
Total Debt	$323.8M	—	—
Operating Cash Flow	$77.3M +219.6%	$-64.6M	—

AI Insight: WHF Financial Trends

WHF's equity base has eroded 20% over eight quarters as net income swings between losses and modest gains.

• Equity has declined steadily from $313M in Q2 2024 to $250M in Q1 2026, a $63M reduction over eight quarters.

• Net income has been volatile, ranging from -$7M in Q3 2024 to +$8M in Q2 2024 and Q4 2025, with no sustained positive trend.

• Total debt fell from $359M in Q2 2024 to $324M by Q3 2025 and held flat through Q1 2026, offering modest deleveraging.

• Operating cash flow is highly erratic, swinging from -$7M in Q1 2025 to +$62M in Q3 2025 and collapsing to $1M in Q4 2025.

⚠ Equity erosion is accelerating — down $25M in the last two quarters alone (Q4 2025 to Q1 2026), signaling persistent book-value pressure.

⚠ Net loss of -$1M in Q1 2026 marks the second negative-income quarter in eight; recurring losses could further compress equity.

⚠ Op CF of $28M in Q1 2026 recovers from Q4 2025's near-zero $1M; sustainability of this rebound warrants close monitoring.

AI Insight: WHF Ratio Trends

WHF's profitability is highly volatile quarter-to-quarter, with Q1 2026 swinging back to negative ROE of -1.1% after a strong Q4 2025 at 12.9%.

• ROE has swung sharply: from -9.2% in Q3 2024, to 12.9% in Q4 2025, back to -1.1% in Q1 2026.

• TTM ROE stands at just 3.8% and ROA at 1.6%, reflecting weak cumulative profitability over the trailing year.

• Leverage (D/E) has drifted upward from 1.15 in Q2 2024 to 1.29 in Q1 2026, a modest but steady increase.

⚠ Two negative ROE quarters (Q3 2024, Q3 2025, Q1 2026) in recent history signal recurring loss episodes worth monitoring closely.

⚠ D/E rising to 1.29 while returns turn negative in Q1 2026 raises near-term balance sheet concern.

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Available Research

13F Pro tracks comprehensive data for WhiteHorse Finance, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of WHF

Lalia Capital, LLC
$5.1M689,105 sh
TWO SIGMA INVESTMENTS, LP
$3.2M435,572 sh
CastleKnight Management LP
$2.2M292,456 sh
Ethos Financial Group, LLC
$1.7M243,940 sh
BANK OF AMERICA CORP /DE/
$1.4M185,004 sh
Legal & General Group Plc
$1.3M169,074 sh
BANK OF MONTREAL /CAN/
$849.8K114,842 sh
Ronald Blue Trust, Inc.
$707.4K95,601 sh
MARSHALL WACE, LLP
$564.4K76,266 sh
BlackRock, Inc.
$539.8K72,946 sh

Fund	Value	Shares
Lalia Capital, LLC	$5.1M	689,105
TWO SIGMA INVESTMENTS, LP	$3.2M	435,572
CastleKnight Management LP	$2.2M	292,456
Ethos Financial Group, LLC	$1.7M	243,940
BANK OF AMERICA CORP /DE/	$1.4M	185,004
Legal & General Group Plc	$1.3M	169,074
BANK OF MONTREAL /CAN/	$849.8K	114,842
Ronald Blue Trust, Inc.	$707.4K	95,601
MARSHALL WACE, LLP	$564.4K	76,266
BlackRock, Inc.	$539.8K	72,946

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Is WHF a good stock to buy?

13F Pro's AI-powered analysis of WhiteHorse Finance, Inc. (WHF) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for WHF are available on the WHF stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own WHF?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling WHF. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of WhiteHorse Finance, Inc.'s investment landscape.