Q2 2025 · 13F-HR
North Ground Capitalholdings as filed
Filed 2025-08-14 · accession 0001420506-25-002130
$78.4M
Reported value
38
Positions
2025-06-30
Period end
The Brief · North Ground Capital · Q2 2025
AI · grounded in 13F
North Ground Capital established a new position in ECAT valued at $7.83M. The fund also initiated stakes in BRSP for $6.69M and RWAY for $5.62M. Additional new positions include CION at $4.81M and MRP at $4.76M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 09262F100 | ECAT | BLACKROCK ESG CAP ALLC TERM | $7.8M | 9.99% | 487,619 | Common | SOLE |
| 10949T109 | BRSP | BRIGHTSPIRE CAPITAL INC | $6.7M | 8.53% | 1,323,000 | Common | SOLE |
| 78163D100 | RWAY | RUNWAY GROWTH FINANCE CORP | $5.6M | 7.17% | 521,500 | Common | SOLE |
| 17259U204 | CION | CION INVT CORP | $4.8M | 6.13% | 500,000 | Common | SOLE |
| 601137102 | MRP | MILLROSE PPTYS INC | $4.8M | 6.08% | 166,750 | Common | SOLE |
| 225655109 | CCAP | CRESCENT CAP BDC INC | $4.4M | 5.61% | 311,000 | Common | SOLE |
| 09260Q108 | BTX | BLACKROCK TECH AND PRIVATE E | $4.1M | 5.29% | 566,000 | Common | SOLE |
| 92835W107 | ZTR | VIRTUS TOTAL RETURN FD INC | $3.4M | 4.28% | 540,500 | Common | SOLE |
| 670656107 | NRK | NUVEEN NEW YORK AMT QLT MUNI | $3.2M | 4.03% | 320,575 | Common | SOLE |
| 00326L100 | XAODX | ABRDN TOTAL DYNAMIC DIVIDEND | $2.7M | 3.50% | 311,250 | Common | SOLE |
| 003057106 | ACP | ABRDN INCOME CREDIT STRATEGI | $2.7M | 3.40% | 452,668 | Common | SOLE |
| 18914E106 | GLO | CLOUGH GLOBAL OPPORTUNITIES | $2.3M | 2.99% | 432,928 | Common | SOLE |
| 67071L106 | NVG | NUVEEN AMT FREE MUN CR INC F | $1.9M | 2.45% | 160,949 | Common | SOLE |
| 03464Y108 | AOMR | ANGEL OAK MORTGAGE REIT INC | $1.9M | 2.40% | 200,000 | Common | SOLE |
| 67070X101 | NZF | NUVEEN MUNICIPAL CREDIT INC | $1.8M | 2.32% | 152,326 | Common | SOLE |
| 95766Q106 | XWIAX | WESTERN ASST INFLTN LKD INM | $1.8M | 2.28% | 212,770 | Common | SOLE |
| 00301W105 | AEF | ABRDN EMERGING MARKETS EX CH | $1.7M | 2.16% | 285,052 | Common | SOLE |
| 18913Y103 | GLV | CLOUGH GLOBAL DIVID & INCOME | $1.6M | 2.09% | 290,099 | Common | SOLE |
| 78518H202 | BRW | SABA CAPITAL INCOME & OPRNT | $1.5M | 1.85% | 179,828 | Common | SOLE |
| 18914C100 | XGLQX | CLOUGH GLOBAL EQUITY FD | $1.4M | 1.83% | 201,946 | Common | SOLE |
| 46133G107 | IQI | INVESCO QUALITY MUN INCOME T | $1.2M | 1.58% | 132,525 | Common | SOLE |
| 670663103 | NMCO | NUVEEN MUN CR OPPORTUNITIES | $1.2M | 1.54% | 111,414 | Common | SOLE |
| 67069Y102 | XNXJX | NUVEEN NEW JERSEY QULT MUN F | $1.1M | 1.46% | 100,593 | Common | SOLE |
| 89147L886 | TYG | TORTOISE ENERGY INFRA CORP | $1.1M | 1.37% | 24,571 | Common | SOLE |
| 43010E404 | HFRO | HIGHLAND OPPS & INCOME FD | $1.0M | 1.32% | 198,000 | Common | SOLE |
| 870875101 | SWZ | TOTAL RETURN SECURITIES FUND | $948,367 | 1.21% | 150,058 | Common | SOLE |
| 670972108 | XNQPX | NUVEEN PENNSYLVANIA QLT MUN | $918,144 | 1.17% | 81,904 | Common | SOLE |
| 18469P209 | EMO | CLEARBRIDGE ENERGY MIDSTRM O | $653,262 | 0.83% | 13,724 | Common | SOLE |
| 46131T101 | VTN | INVESCO TR INVT GRADE NEW YO | $639,934 | 0.82% | 61,473 | Common | SOLE |
| 67072T108 | JFR | NUVEEN FLOATING RATE INCOME | $509,980 | 0.65% | 60,460 | Common | SOLE |
| 46132K109 | VPV | INVESCO PA VALUE MUN INC TR | $499,016 | 0.64% | 49,802 | Common | SOLE |
| 46131H107 | VVR | INVESCO SR INCOME TR | $479,536 | 0.61% | 126,360 | Common | SOLE |
| 670657105 | XNEAX | NUVEEN AMT FREE QLTY MUN INC | $450,952 | 0.58% | 41,296 | Common | SOLE |
| 46132E103 | VKI | INVESCO ADVANTAGE MUN INCOME | $418,966 | 0.53% | 50,296 | Common | SOLE |
| 95766J102 | HIX | WESTERN ASSET HIGH INCOM FD | $386,714 | 0.49% | 89,829 | Common | SOLE |
| 302635206 | FSK | FS KKR CAP CORP | $332,320 | 0.42% | 16,000 | Common | SOLE |
| 31423P108 | FMN | FEDERATED HERMES PREM MUNI I | $210,735 | 0.27% | 19,890 | Common | SOLE |
| 27827Y109 | XENWX | EATON VANCE NEW YORK MUN BD | $84,996 | 0.11% | 9,159 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.