1y return−14.5%S&P 500 +20.9%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since December 31, 2024: $85 against $127 in the S&P 500.2
North Ground CapitalS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| FSSLFs Specialty Lending Fd | $9.1M | 10.9% | +227.0% |
| CGBDCarlyle Secured Lending Inc | $6.5M | 7.8% | +59.0% |
| MSIFMsc Income Fund Inc | $6.2M | 7.5% | +19.8% |
| BRSPBrightspire Capital Inc | $6.0M | 7.1% | −31.8% |
| CCAPCrescent Cap Bdc Inc | $5.7M | 6.8% | +53.7% |
| ACREAres Coml Real Estate Corp | $5.5M | 6.7% | +10.0% |
| MRPMillrose Pptys Inc | $5.4M | 6.5% | +37.8% |
| GLOClough Global Opportunities | $4.5M | 5.3% | +37.5% |
| RWAYRunway Growth Finance Corp | $4.1M | 4.9% | −24.3% |
| NRKNuveen Ny Amt Free | $3.5M | 4.2% | −8.7% |
| MXFMexico Fd Inc | $3.0M | 3.6% | +91.0% |
| OTFBlue Owl Technology Fin Corp | $2.9M | 3.4% | +47.1% |
| BCSFBain Cap Specialty Fin Inc | $2.8M | 3.4% | −32.9% |
| SLRCSlr Investment Corp | $2.1M | 2.5% | New |
| GLADGladstone Cap Corp | $2.0M | 2.5% | −26.3% |
| TYGTortoise Energy Infrstrctr C | $1.9M | 2.3% | New |
| BXMTBlackstone Mortgage Trust In | $1.8M | 2.2% | New |
| JFRNuveen Floating Rate Income | $1.7M | 2.0% | New |
| AOMRAngel Oak Mortgage Reit Inc | $1.5M | 1.8% | +20.5% |
| NFJVirtus Dividend Interest & P | $1.4M | 1.6% | New |
| IQIInvesco Quality Mun Income T | $1.2M | 1.5% | −8.0% |
| NMZNuveen Mun High Income Oppor | $947K | 1.1% | New |
| XGLQXClough Global Equity Fd | $768K | 0.9% | +150.6% |
| GLVClough Global Divid & Income | $608K | 0.7% | +93.2% |
| FSCOFs Credit Opportunities Corp | $447K | 0.5% | −82.9% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| HFROHighland Opps & Income Fd | December 31, 2024 | +37.4% | $176K |
| XGLQXClough Global Equity Fd | December 31, 2024 | +29.4% | $768K |
| GLVClough Global Divid & Income | December 31, 2024 | +22.4% | $608K |
| GLOClough Global Opportunities | December 31, 2024 | +19.5% | $4.5M |
| GLADGladstone Cap Corp | March 31, 2026 | +11.9% | $2.0M |
| MXFMexico Fd Inc | September 30, 2025 | +11.0% | $3.0M |
| FMNFederated Hermes Prem Muni I | December 31, 2024 | +5.3% | $182K |
| IQIInvesco Quality Mun Income T | December 31, 2024 | +2.6% | $1.2M |
| NRKNuveen Ny Amt Free | December 31, 2024 | +2.5% | $3.5M |
| MRPMillrose Pptys Inc | December 31, 2025 | +0.6% | $5.4M |
Sold off last quarter
- GBDCGolub Cap Bdc Inc was $6.1M
- TCPCBlackrock Tcp Capital Corp was $3.1M
- NVGNuveen Amt Free Mun Cr Inc F was $1.4M
- XNQPXNuveen Pa Invt Quality Mun F was $1.0M
- XNXJXNuveen New Jersey was $770K
- BXSLBlackstone Secd Lending Fd was $641K
- VPVInvesco Pa Value Mun Inc Tr was $526K
- CIONCion Invt Corp was $513K
- ACPAbrdn Income Credit Strategi was $510K
- ARCCAres Capital Corp was $320K
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | −2.3% | +14.8% |
| March 31, 2026 | −12.8% | −4.6% |
| December 31, 2025 | −2.3% | +2.4% |
| September 30, 2025 | +2.7% | +7.8% |
| June 30, 2025 | +1.8% | +10.5% |
| March 31, 2025 | −2.8% | −4.6% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: North Ground Capital Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=2055446&type=13F-HR&dateb=&owner=include&count=40CIK 2055446
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/2055446/000142050626001565/Filed August 13, 2026 · accession 0001420506-26-001565