North Ground Capital
13F Reported Value
ⓘ$83.0M
Holdings
40
Latest Filing
2026-03-31
Filing Quarter
Q1 2026
Portfolio Overview
North Ground Capital disclosed 40 positions worth $83.0M in its Form 13F-HR for Q1 2026, led by $BRSP (BrightSpire Capital, Inc.) at 10.8% of the equity portfolio, followed by $RWAY and $GBDC. During the quarter the fund opened 4 new positions and exited 9 — including a new stake in $GLAD and a full exit from $MFIC. The portfolio is most concentrated in Other (76.7% of disclosed assets). All figures are sourced directly from North Ground Capital’s Form 13F-HR filing with the SEC under CIK 2055446.
AI Fund Analysis
ConcentratingSector Allocation
AUM History
Top Equity Holdings by Value
Quarterly Activity — Q1 2026
Click any card to unlockTop Holdings
- 36.3#2,109
Quality
$9.0M1,600,000 sh - —
Quality
$6.6M961,326 sh - —
Quality
$6.1M478,894 sh - —
Quality
$5.5M448,919 sh - 18.5
Quality
$5.4M1,120,000 sh - —
Quality
$4.2M387,518 sh - $4.1M333,982 sh
- —
Quality
$4.1M338,907 sh - 77.2
Quality
$3.6M130,000 sh - $3.6M354,414 sh
| Company | Quality | Value | Shares |
|---|---|---|---|
 BrightSpire Capital, Inc.$BRSP | 36.3#2,109 | $9.0M | 1,600,000 |
 Runway Growth Finance Corp.$RWAY | — | $6.6M | 961,326 |
 GOLUB CAPITAL BDC, Inc.$GBDC | — | $6.1M | 478,894 |
 MSC INCOME FUND, INC.$MSIF | — | $5.5M | 448,919 |
 Ares Commercial Real Estate Corp$ACRE | 18.5 | $5.4M | 1,120,000 |
 Carlyle Secured Lending, Inc.$CGBD | — | $4.2M | 387,518 |
 Bain Capital Specialty Finance, Inc.$BCSF | — | $4.1M | 333,982 |
 Crescent Capital BDC, Inc.$CCAP | — | $4.1M | 338,907 |
 Millrose Properties, Inc.$MRP | 77.2 | $3.6M | 130,000 |
 NUVEEN NEW YORK AMT-FREE QUALITY MUNICIPAL INCOME FUND$NRK | — | $3.6M | 354,414 |
Unlock AI quality scores for every holding
32-signal composite ranking on each of North Ground Capital's 40 positions.
Showing top 10 of 40 holdings.
Sector Allocation
Other
$63.7M
Real Estate
$19.4M
Full Holdings — North Ground Capital (Q1 2026)
All 40 disclosed positions from the latest Form 13F-HR, with quarter-over-quarter share changes and 13F Pro quality scores. Sourced from SEC EDGAR.
| # | Ticker | Company | Value | Weight | QoQ | Quality |
|---|---|---|---|---|---|---|
| 1 | $BRSP | BrightSpire Capital, Inc. | $9.0M | 10.8% | -48% | 36.3 |
| 2 | $RWAY | Runway Growth Finance Corp. | $6.6M | 8.0% | -39% | — |
| 3 | $GBDC | GOLUB CAPITAL BDC, Inc. | $6.1M | 7.3% | +47% | — |
| 4 | $MSIF | MSC INCOME FUND, INC. | $5.5M | 6.6% | -11% | — |
| 5 | $ACRE | Ares Commercial Real Estate Corp | $5.4M | 6.5% | -28% | 18.5 |
| 6 | $CGBD | Carlyle Secured Lending, Inc. | $4.2M | 5.1% | -58% | — |
| 7 | $BCSF | Bain Capital Specialty Finance, Inc. | $4.1M | 5.0% | -47% | — |
| 8 | $CCAP | Crescent Capital BDC, Inc. | $4.1M | 5.0% | -59% | — |
| 9 | $MRP | Millrose Properties, Inc. | $3.6M | 4.4% | +2% | 77.2 |
| 10 | $NRK | NUVEEN NEW YORK AMT-FREE QUALITY MUNICIPAL INCOME FUND | $3.6M | 4.4% | -41% | — |
| 11 |  $FSSL | FS Specialty Lending Fund | $3.1M | 3.8% | +85% | — |
| 12 |  $TCPC | BlackRock TCP Capital Corp. | $3.1M | 3.7% | +8% | — |
| 13 |  $GLO | Clough Global Opportunities Fund | $2.9M | 3.5% | -52% | — |
| 14 |  $FSCO | FS Credit Opportunities Corp. | $2.7M | 3.2% | +1821% | — |
| 15 |  $GLAD | GLADSTONE CAPITAL CORP | $2.5M | 3.0% | NEW | — |
| 16 |  $OTF | Blue Owl Technology Finance Corp. | $2.3M | 2.8% | -31% | — |
| 17 |  $MXF | MEXICO FUND INC | $1.5M | 1.8% | -43% | — |
| 18 |  $NVG | Nuveen AMT-Free Municipal Credit Income Fund | $1.4M | 1.7% | -63% | — |
| 19 |  $ECAT | BlackRock ESG Capital Allocation Term Trust | $1.4M | 1.6% | -55% | — |
| 20 |  $IQI | Invesco Quality Municipal Income Trust | $1.3M | 1.5% | -45% | — |
| 21 |  $AOMD | Angel Oak Mortgage REIT, Inc. | $1.1M | 1.4% | -45% | — |
| 22 | — | NUVEEN PA INVT QUALITY MUN F | $1.0M | 1.2% | -44% | — |
| 23 | — | NUVEEN NEW JERSEY | $770,460 | 0.9% | -44% | — |
| 24 |  $BXSL | Blackstone Secured Lending Fund | $640,601 | 0.8% | NEW | — |
| 25 |  $BRW | Saba Capital Income & Opportunities Fund | $636,472 | 0.8% | -42% | — |
| 26 |  $VPV | Invesco Pennsylvania Value Municipal Income Trust | $526,122 | 0.6% | -47% | — |
| 27 |  $CICB | CION Investment Corp | $513,000 | 0.6% | -93% | — |
| 28 |  $ACP | abrdn Income Credit Strategies Fund | $510,000 | 0.6% | -70% | — |
| 29 |  $DMA | Destra Multi-Alternative Fund | $446,528 | 0.5% | -29% | — |
| 30 |  $ARCC | ARES CAPITAL CORP | $319,981 | 0.4% | NEW | — |
| 31 |  $SWZ | Total Return Securities Fund | $282,215 | 0.3% | -93% | — |
| 32 |  $GLV | Clough Global Dividend & Income Fund | $280,365 | 0.3% | -81% | — |
| 33 |  $GLQ | Clough Global Equity Fund | $267,722 | 0.3% | -51% | — |
| 34 |  $ARI | Apollo Commercial Real Estate Finance, Inc. | $264,000 | 0.3% | -58% | 53.5 |
| 35 |  $FSK | FS KKR Capital Corp | $254,500 | 0.3% | -97% | — |
| 36 |  $OXLC | Oxford Lane Capital Corp. | $244,500 | 0.3% | -98% | — |
| 37 |  $NMFC | New Mountain Finance Corp | $194,000 | 0.2% | NEW | — |
| 38 |  $FMN | Federated Hermes Premier Municipal Income Fund | $186,007 | 0.2% | -56% | — |
| 39 |  $HFRO | HIGHLAND OPPORTUNITIES & INCOME FUND | $126,083 | 0.1% | -89% | — |
| 40 |  $ICMB | Investcorp Credit Management BDC, Inc. | $41,125 | 0.1% | -53% | — |
New Positions (4)
Exited Positions (9)
$MFIC MidCap Financial Investment Corp
$XFLT XAI Floating Rate & Alternative Income Trust
$NZF Nuveen Municipal Credit Income Fund
$ECC Eagle Point Credit Co
$ZTR Virtus Total Return Fund Inc.
$AEF abrdn Emerging Markets ex-China Fund, Inc.
$VKI Invesco Advantage Municipal Income Trust IIBrowse Top Institutional Investors
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