13F Pro13F Pro

North Ground Capital

Institutional InvestorSimilar funds →SEC EDGAR: CIK 2055446
Institutional-grade research for retail investors

Sector Allocation

  • Other74.2%$61.8M
  • Real Estate24.2%$20.2M
  • Financials1.6%$1.4M

AUM History

13fpro.ai/research/fund/north-ground-capital-2055446

Conviction and streaks

Concentrating · top 10 = 67.7%

From the fund's last 12 quarters of 13F filings: positions held longest at size, and names it added to or trimmed several quarters running.

CGBD$CGBDConviction hold7.8% weight · held 4 quartersMSIF$MSIFConviction hold7.5% weight · held 4 quartersBRSP$BRSPConviction hold7.1% weight · held 7 quartersCCAP$CCAPConviction hold6.8% weight · held 5 quartersACRE$ACREConviction hold6.7% weight · held 4 quartersTYG$TYGAccumulating+702% shares · 3 quarters runningFSSL$FSSLAccumulating+504% shares · 2 quarters runningMRP$MRPAccumulating+41% shares · 2 quarters runningECAT$ECATTrimming-96% shares · 5 quarters runningBRSP$BRSPTrimming-64% shares · 2 quarters runningRWAY$RWAYTrimming-54% shares · 2 quarters runningNRK$NRKTrimming-46% shares · 2 quarters runningBCSF$BCSFTrimming-64% shares · 2 quarters running

Largest positions — Q2 2026

Top 20 stock positions. Options are left out: 13F reports them at the underlying's value.

13fpro.ai/research/fund/north-ground-capital-2055446

North Ground Capital 13F holdings — Q2 2026

$83.4M portfolio (+0.4% QoQ) · 33 holdings · Q2 2026 13F · top 10 are 68% of the stock portfolio

All holdings — North Ground Capital (Q2 2026)

33 disclosed positions from the Form 13F-HR on SEC EDGAR, with quarter-over-quarter share changes. Largest by value first; the ten above are not repeated.

Company
MXF$MXFMEXICO FUND INC$3.0M+91%
OTF$OTFBlue Owl Technology Finance Corp.$2.9M+47%
BCSF$BCSFBain Capital Specialty Finance, Inc.$2.8M-33%
SLRC$SLRCSLR Investment Corp.$2.1MNew
GLAD$GLADGLADSTONE CAPITAL CORP$2.0M-26%
TYG$TYGTORTOISE ENERGY INFRASTRUCTURE CORP$1.9MNew
BXMT$BXMTBLACKSTONE MORTGAGE TRUST, INC.$1.8MNew
JFR$JFRNUVEEN FLOATING RATE INCOME FUND$1.7MNew
AOMD$AOMDAngel Oak Mortgage REIT, Inc.$1.5M+20%
NFJ$NFJVirtus Dividend, Interest & Premium Strategy Fund$1.4MNew
IQI$IQIInvesco Quality Municipal Income Trust$1.2M-8%
NMZ$NMZNUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND$947KNew
GLQ$GLQClough Global Equity Fund$768K+151%
GLV$GLVClough Global Dividend & Income Fund$608K+93%
FSCO$FSCOFS Credit Opportunities Corp.$447K-83%

What changed in Q2 2026

Against the previous quarter's 13F: 8 new, 14 added to, 11 trimmed, 15 sold out. Share-count changes; largest moves by dollar size first.

New positions (8)

  • SLRC$SLRCSLR Investment Corp.$2.1M

    first bought this quarter

  • TYG$TYGTORTOISE ENERGY INFRASTRUCTURE CORP$1.9M

    first bought this quarter

  • BXMT$BXMTBLACKSTONE MORTGAGE TRUST, INC.$1.8M

    first bought this quarter

  • JFR$JFRNUVEEN FLOATING RATE INCOME FUND$1.7M

    first bought this quarter

  • NFJ$NFJVirtus Dividend, Interest & Premium Strategy Fund$1.4M

    first bought this quarter

  • NMZ$NMZNUVEEN MUNICIPAL HIGH INCOME OPPORTUNITY FUND$947K

    first bought this quarter

+2 more in the Excel export

Added to (14)

  • FSSL$FSSLFS Specialty Lending Fund+227%

    now $9.1M · held 3 qtrs, 3 adds in a row

  • CGBD$CGBDCarlyle Secured Lending, Inc.+59%

    now $6.5M · held 4 qtrs

  • CCAP$CCAPCrescent Capital BDC, Inc.+54%

    now $5.7M · held 5 qtrs

  • MRP$MRPMillrose Properties, Inc.+38%

    now $5.4M · held 3 qtrs, 3 adds in a row

  • MXF$MXFMEXICO FUND INC+91%

    now $3.0M · held 4 qtrs

  • GLO$GLOClough Global Opportunities Fund+37%

    now $4.5M · held 7+ qtrs

+8 more in the Excel export

Trimmed (11)

  • BRSP$BRSPBrightSpire Capital, Inc.-32%

    now $6.0M · held 7+ qtrs, 2 trims in a row

  • FSCO$FSCOFS Credit Opportunities Corp.-83%

    now $447K · held 3 qtrs

  • BCSF$BCSFBain Capital Specialty Finance, Inc.-33%

    now $2.8M · held 4 qtrs, 2 trims in a row

  • RWAY$RWAYRunway Growth Finance Corp.-24%

    now $4.1M · held 7+ qtrs, 2 trims in a row

  • ECAT$ECATBlackRock ESG Capital Allocation Term Trust-72%

    now $440K · held 7+ qtrs, 5 trims in a row

  • GLAD$GLADGLADSTONE CAPITAL CORP-26%

    now $2.0M · held 2 qtrs

+5 more in the Excel export

Sold out (15)

  • GBDC$GBDCGOLUB CAPITAL BDC, Inc.was $6.1M

    held 3 qtrs

  • TCPC$TCPCBlackRock TCP Capital Corp.was $3.1M

    held 3 qtrs

  • NVG$NVGNuveen AMT-Free Municipal Credit Income Fundwas $1.4M

    held 6+ qtrs

  • NUVEEN PA INVT QUALITY MUN Fwas $1.0M
  • NUVEEN NEW JERSEYwas $770K
  • BXSL$BXSLBlackstone Secured Lending Fundwas $641K

+9 more in the Excel export

Firm AUM (Form ADV): $195.6M as of 2025-12-31 · SEC IAPD

Share

Holdings by quarter

Every 13F North Ground Capital has filed, 6 earlier quarters. Pick one to see what it held then.

Email me the moment this fund files its next 13FPro

Is it too late to follow North Ground Capital?

Q2 2026 13F filed with the SEC on Aug 13, 2026. Prices are closing prices as of Oct 26, 2026.

Average quality of North Ground Capital's top 20 holdings: 47/100 (our AI quality score, weighted by position size; 12 of the 20 are scored)

Top 10 since filing

-14.0%

Value-weighted move of the 10 largest stock positions

Turnover

32%

Last quarter; 75% over the last 4

Top 10 weight

68%

Share of the stock portfolio in its 10 largest positions

Held 4+ quarters

67%

Share of portfolio value in positions held a year or more

Highest-quality names it owns(among its 100 largest positions)

The 8 highest-scoring companies in this portfolio are a Pro feature.

How these are measured
  • Moves since the quarter-end and since the filing date use our own daily closing prices, from the close on (or just before) each date to the latest close.
  • Turnover is the lesser of shares bought or sold in a quarter, valued at the quarter-end prices in the 13F, divided by the average of the two quarters' stock portfolio values.
  • Quarters held and add/trim streaks count back only through quarters whose filed holdings add up to the filing's own cover-page total (back to Q4 2024 for this fund). A change counts as an add or a trim when the split-adjusted share count moves by more than 1%.
  • Estimate, not the fund's reported cost. For each quarter in the current holding period in which the fund's share count rose (split-adjusted), we take that quarter's average daily close and weight it by the shares added; sales do not change an average cost. Quarters where the stock's price history and the 13F's own implied price disagree by more than 2x are left out.
  • Put and call option rows report the value of the underlying shares, not a position the fund paid for, so they are left out of all of the above.

Portfolio Overview

North Ground Capital disclosed 33 positions worth $83.4M in its Form 13F-HR for Q2 2026, led by $FSSL (FS Specialty Lending Fund) at 10.9% of the equity portfolio, followed by $CGBD and $MSIF. During the quarter the fund opened 8 new positions and exited 15 — including a new stake in $SLRC and a full exit from $GBDC. The portfolio is most concentrated in Other (74.2% of disclosed assets). All figures are sourced directly from North Ground Capital’s Form 13F-HR filing with the SEC under CIK 2055446.

Funds like this

managers whose biggest positions overlap North Ground Capital's
Thomas J. Herzfeld Advisors, Inc.$325.76M 13F book · 6 shared top holdingsFSSLJFRTYGFSCOAlmitas Capital LLC$417.36M 13F book · 9 shared top holdingsTYGFSSLGLOBRSPRIVERNORTH CAPITAL MANAGEMENT, LLC$2.10B 13F book · 5 shared top holdingsOTFFSSLNMZFSCOSaba Capital Management, L.P.$3.90B 13F book · 6 shared top holdingsMXFNFJGLOECATMuzinich & Co., Inc.$301.32M 13F book · 4 shared top holdingsBCSFCGBDSLRCCCAPBulldog Investors, LLP$454.73M 13F book · 4 shared top holdingsOTFRWAYGLOCCAP

Browse Top Institutional Investors

13F Pro tracks 8,700+ institutional investors filing 13F reports with the SEC.

Berkshire HathawayBridgewater AssociatesCitadel AdvisorsRenaissance TechnologiesTwo Sigma InvestmentsDE Shaw & CoMillennium ManagementAQR Capital ManagementPoint72 Asset ManagementTiger Global ManagementVanguard GroupBlackRock

to search all 8,700+ institutional filers.

AI-Powered Hedge Fund Analysis: North Ground Capital

13F Pro is an AI hedge fund tracker and stock research platform. For North Ground Capital (SEC CIK: 2055446), the platform ingests every quarterly Form 13F filing and applies AI-powered analysis on top — 10 specialized AI analysts (value, growth, momentum, macro, activist, and more) debate the fund's top positions and publish AI-generated analysis with cited SEC sources.

Every holding in North Ground Capital's portfolio is scored on an AI quality ranking built from its SEC filings (ROIC, FCF margin, revenue growth, institutional flow, earnings quality, shareholder dilution, and more). Track accumulation and distribution quarter over quarter, identify conviction positions, and see AI stock analysis for each position — alongside 8,700+ other institutional filers and 2,800+ AI-ranked companies.