North Ground Capital
Filing Date
Global Rank
#6,086
/ 8,623
▼ 1783
· as of Mar 2026
Top Industry
Asset Management
75.7%
3Y Alpha vs SPY
-19.7%
Period ended 4 months ago
Filed May 11, 2026 · 3mo
6 quarters · since Dec 2024
Clone Performance
Feb 2025–Jul 2026 · vs SPYHypothetical growth of buying every stock this filer reported holding, rebalancing on each filing and indexed to the same start. Option positions cannot be bought this way and are left out.
Cloned portfolio
-6.6%
SPY
+21.4%
Annualised alpha
-18.9%
Max drawdown
−16.9%
Estimate. 13F holdings are quarter-lagged, so the clone rebalances about 45 days after each period end — when the filing becomes public — and it excludes option and short positions. It tracks 100% of reported value on average across 6 quarters. Past performance does not predict future results.
Portfolio Concentration
40 tracked positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
10.8%
+2.3 pts
Top 5
39.1%
+3.7 pts
Top 10
62.9%
+5.0 pts
HHI
519
Diversified+76
Portfolio Trend
6 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 72.6% | $60,240,736 |
| Real Estate | 23.3% | $19,361,405 |
| Unclassified | 4.1% | $3,409,714 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| FSCO | FS Credit Opportunities Corp. | +497,666 | 525,000 | $2,677,500 | |
| GBDC | GOLUB CAPITAL BDC, Inc. | +152,788 | 478,894 | $6,062,798 | |
| FSSL | FS Specialty Lending Fund | +114,676 | 250,000 | $3,127,500 | |
| TCPC | BlackRock TCP Capital Corp. | +62,054 | 850,000 | $3,068,500 | |
| MRP | Millrose Properties, Inc. | +2,811 | 130,000 | $3,640,000 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
25 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| BRSP | BrightSpire Capital, Inc. | −1,454,552 | 1,600,000 | $8,960,000 | |
| CION | CION Investment Corp | −1,011,992 | 75,000 | $513,000 | |
| OXLC | Oxford Lane Capital Corp. | −1,007,585 | 25,000 | $244,500 | |
| FSK | FS KKR Capital Corp | −870,746 | 25,000 | $254,500 | |
| SWZ | Total Return Securities Fund | −613,554 | 47,591 | $282,214 | |
| RWAY | Runway Growth Finance Corp. | −607,724 | 961,326 | $6,604,309 | |
| GLO | Clough Global Opportunities Fund | −583,115 | 529,521 | $2,949,431 | |
| CGBD | Carlyle Secured Lending, Inc. | −524,702 | 387,518 | $4,239,446 | |
| CCAP | Crescent Capital BDC, Inc. | −496,405 | 338,907 | $4,117,720 | |
| ACRE | Ares Commercial Real Estate Corp | −431,806 | 1,120,000 | $5,376,000 | |
| BCSF | Bain Capital Specialty Finance, Inc. | −292,532 | 333,982 | $4,141,376 | |
| NRK | Nuveen New York Amt-Free Quality Municipal Income Fund | −246,798 | 354,414 | $3,618,566 | |
| ACP | abrdn Income Credit Strategies Fund | −229,148 | 100,000 | $510,000 | |
| GLV | Clough Global Dividend & Income Fund | −196,895 | 47,359 | $280,365 | |
| NVG | Nuveen AMT-Free Municipal Credit Income Fund | −191,674 | 113,390 | $1,398,098 | |
| HFRO | Highland Opportunities & Income Fund | −170,620 | 22,081 | $126,082 | |
| ECAT | BlackRock ESG Capital Allocation Term Trust | −123,714 | 100,000 | $1,358,000 | |
| AOMR | Angel Oak Mortgage REIT, Inc. | −113,204 | 136,424 | $1,121,405 | |
| IQI | Invesco Quality Municipal Income Trust | −107,966 | 130,401 | $1,254,457 | |
| OTF | Blue Owl Technology Finance Corp. | −82,971 | 188,674 | $2,337,670 | |
| BRW | Saba Capital Income & Opportunities Fund | −68,682 | 94,432 | $636,471 | |
| NQP | NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND | −67,485 | 85,044 | $1,014,574 | |
| MXF | Mexico Fund Inc | −54,943 | 71,369 | $1,493,753 | |
| MSIF | Msc Income Fund, Inc. | −52,759 | 448,919 | $5,467,833 | |
| NXJ | NUVEEN NEW JERSEY QUALITY MUNICIPAL INCOME FUND | −50,187 | 62,639 | $770,459 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
4 positions
Sold Out
Positions the filer fully exited
9 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| MFIC | MidCap Financial Investment Corp | 651,326 | $7,451,169 | |
| XFLT | XAI Floating Rate & Alternative Income Trust | 1,482,418 | $7,115,606 | |
| NZF | Nuveen Municipal Credit Income Fund | 223,536 | $2,812,082 | |
| ECC | Eagle Point Credit Co | 390,468 | $2,249,095 | |
| ZTR | Virtus Total Return Fund Inc. | 222,186 | $1,399,771 | |
| AEF | abrdn Emerging Markets ex-China Fund, Inc. | 152,370 | $1,066,590 | |
| NEA | Nuveen AMT-Free Quality Municipal Income Fund | 76,342 | $887,857 | |
| VKI | Invesco Advantage Municipal Income Trust II | 95,443 | $870,440 | |
| WIA | Western Asset Inflation-Linked Income Fund | 10,892 | $90,076 | |
| No positions match the current search. | ||||
40 tracked positions ·
$83,011,855 total
· filing declares
40 positions · $83,011,872
· as of Mar 31, 2026
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| BRSP |
BrightSpire Capital, Inc.
Real Estate
|
Reduced | 1,600,000 | $8,960,000 | 10.79% | |
| RWAY |
Runway Growth Finance Corp.
Financial Services
|
Reduced | 961,326 | $6,604,309 | 7.96% | |
| GBDC |
GOLUB CAPITAL BDC, Inc.
Financial Services
|
Added | 478,894 | $6,062,798 | 7.30% | |
| MSIF |
Msc Income Fund, Inc.
Financial Services
|
Reduced | 448,919 | $5,467,833 | 6.59% | |
| ACRE |
Ares Commercial Real Estate Corp
Real Estate
|
Reduced | 1,120,000 | $5,376,000 | 6.48% | |
| CGBD |
Carlyle Secured Lending, Inc.
Financial Services
|
Reduced | 387,518 | $4,239,446 | 5.11% | |
| BCSF |
Bain Capital Specialty Finance, Inc.
Financial Services
|
Reduced | 333,982 | $4,141,376 | 4.99% | |
| CCAP |
Crescent Capital BDC, Inc.
Financial Services
|
Reduced | 338,907 | $4,117,720 | 4.96% | |
| MRP |
Millrose Properties, Inc.
Real Estate
|
Added | 130,000 | $3,640,000 | 4.38% | |
| NRK |
Nuveen New York Amt-Free Quality Municipal Income Fund
Financial Services
|
Reduced | 354,414 | $3,618,566 | 4.36% | |
| FSSL |
FS Specialty Lending Fund
|
Added | 250,000 | $3,127,500 | 3.77% | |
| TCPC |
BlackRock TCP Capital Corp.
Financial Services
|
Added | 850,000 | $3,068,500 | 3.70% | |
| GLO |
Clough Global Opportunities Fund
Financial Services
|
Reduced | 529,521 | $2,949,431 | 3.55% | |
| FSCO |
FS Credit Opportunities Corp.
Financial Services
|
Added | 525,000 | $2,677,500 | 3.23% | |
| GLAD |
Gladstone Capital Corp
Financial Services
|
NEW | 142,896 | $2,479,245 | 2.99% | |
| OTF |
Blue Owl Technology Finance Corp.
Financial Services
|
Reduced | 188,674 | $2,337,670 | 2.82% | |
| MXF |
Mexico Fund Inc
Financial Services
|
Reduced | 71,369 | $1,493,753 | 1.80% | |
| NVG |
Nuveen AMT-Free Municipal Credit Income Fund
Financial Services
|
Reduced | 113,390 | $1,398,098 | 1.68% | |
| ECAT |
BlackRock ESG Capital Allocation Term Trust
Financial Services
|
Reduced | 100,000 | $1,358,000 | 1.64% | |
| IQI |
Invesco Quality Municipal Income Trust
Financial Services
|
Reduced | 130,401 | $1,254,457 | 1.51% | |
| AOMR |
Angel Oak Mortgage REIT, Inc.
Real Estate
|
Reduced | 136,424 | $1,121,405 | 1.35% | |
| NQP |
NUVEEN PENNSYLVANIA QUALITY MUNICIPAL INCOME FUND
Financial Services
|
Reduced | 85,044 | $1,014,574 | 1.22% | |
| NXJ |
NUVEEN NEW JERSEY QUALITY MUNICIPAL INCOME FUND
Financial Services
|
Reduced | 62,639 | $770,459 | 0.93% | |
| BXSL |
Blackstone Secured Lending Fund
Financial Services
|
NEW | 27,041 | $640,601 | 0.77% | |
| BRW |
Saba Capital Income & Opportunities Fund
Financial Services
|
Reduced | 94,432 | $636,471 | 0.77% | |
| VPV |
Invesco Pennsylvania Value Municipal Income Trust
Financial Services
|
Reduced | 49,775 | $526,121 | 0.63% | |
| CION |
CION Investment Corp
Financial Services
|
Reduced | 75,000 | $513,000 | 0.62% | |
| ACP |
abrdn Income Credit Strategies Fund
Financial Services
|
Reduced | 100,000 | $510,000 | 0.61% | |
| DMA |
Destra Multi-Alternative Fund
Financial Services
|
Reduced | 55,059 | $446,528 | 0.54% | |
| ARCC |
Ares Capital Corp
Financial Services
|
NEW | 17,757 | $319,981 | 0.39% | |
| SWZ |
Total Return Securities Fund
|
Reduced | 47,591 | $282,214 | 0.34% | |
| GLV |
Clough Global Dividend & Income Fund
Financial Services
|
Reduced | 47,359 | $280,365 | 0.34% | |
| GLQ |
Clough Global Equity Fund
Financial Services
|
Reduced | 35,554 | $267,721 | 0.32% | |
| ARI |
Apollo Commercial Real Estate Finance, Inc.
Real Estate
|
Reduced | 25,000 | $264,000 | 0.32% | |
| FSK |
FS KKR Capital Corp
Financial Services
|
Reduced | 25,000 | $254,500 | 0.31% | |
| OXLC |
Oxford Lane Capital Corp.
Financial Services
|
Reduced | 25,000 | $244,500 | 0.29% | |
| NMFC |
New Mountain Finance Corp
Financial Services
|
NEW | 25,000 | $194,000 | 0.23% | |
| FMN |
Federated Hermes Premier Municipal Income Fund
Financial Services
|
Reduced | 17,018 | $186,006 | 0.22% | |
| HFRO |
Highland Opportunities & Income Fund
Financial Services
|
Reduced | 22,081 | $126,082 | 0.15% | |
| ICMB |
Investcorp Credit Management BDC, Inc.
Financial Services
|
Reduced | 25,386 | $41,125 | 0.05% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.