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Muzinich & Co., Inc.

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13F filer, CIK 1618824, NEW YORK, NY

Muzinich & Co., Inc. reported $230,427,364 across 59 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-04. Its ten largest share positions make up 77.28% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001618824-25-000006

Period
2025-06-30
Reported value
$230M
Holdings
59
Top 10 weight
77.28%
New
15
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BXSLadded+190,431$5.86M
OBDCadded+397,215$5.7M
ARCCadded+247,800$5.44M
MSDLadded+242,931$4.55M
GBDCadded+294,335$4.31M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
AREexited-758-$70.1K
TCPCreduced-7,505-$57.8K

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0001618824-25-000006, largest first. % of portfolio is the value over $218,972,929, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
ARCCARES CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 898,617 shares; 2024Q4: 961,831 shares; 2025Q1: 1,125,251 shares; 2025Q2: 1,373,051 shares 1,373,051$30.2M13.77%+247,800Timeline
OBDCBLUE OWL CAPITAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 632,954 shares; 2024Q4: 565,151 shares; 2025Q1: 1,058,218 shares; 2025Q2: 1,455,433 shares 1,455,433$20.9M9.53%+397,215Timeline
BXSLBLACKSTONE SECD LENDING FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 337,330 shares; 2024Q4: 392,711 shares; 2025Q1: 455,846 shares; 2025Q2: 646,277 shares 646,277$19.9M9.08%+190,431Timeline
MAINMAIN STR CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 212,384 shares; 2024Q4: 222,977 shares; 2025Q1: 247,107 shares; 2025Q2: 316,808 shares 316,808$18.7M8.55%+69,701Timeline
GBDCGOLUB CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 656,641 shares; 2024Q4: 728,365 shares; 2025Q1: 933,787 shares; 2025Q2: 1,228,122 shares 1,228,122$18M8.22%+294,335Timeline
FSKFS KKR CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 514,439 shares; 2024Q4: 560,981 shares; 2025Q1: 640,003 shares; 2025Q2: 807,760 shares 807,760$16.8M7.65%+167,757Timeline
TSLXSIXTH STREET SPECIALTY LENDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 366,410 shares; 2024Q4: 392,418 shares; 2025Q1: 450,142 shares; 2025Q2: 608,616 shares 608,616$14.5M6.62%+158,474Timeline
HTGCHERCULES CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 408,362 shares; 2024Q4: 449,996 shares; 2025Q1: 510,371 shares; 2025Q2: 738,169 shares 738,169$13.5M6.16%+227,798Timeline
MSDLMORGAN STANLEY DIRECT LENDINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,422 shares; 2024Q4: 104,501 shares; 2025Q1: 212,700 shares; 2025Q2: 455,631 shares 455,631$8.53M3.9%+242,931Timeline
BCSFBAIN CAP SPECIALTY FIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 324,011 shares; 2024Q4: 319,525 shares; 2025Q1: 362,026 shares; 2025Q2: 553,802 shares 553,802$8.33M3.8%+191,776Timeline
NMFCNEW MTN FIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 346,118 shares; 2024Q4: 340,248 shares; 2025Q1: 393,136 shares; 2025Q2: 575,474 shares 575,474$6.07M2.77%+182,338Timeline
GSBDGOLDMAN SACHS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 392,536 shares; 2024Q4: 395,302 shares; 2025Q1: 434,147 shares; 2025Q2: 507,937 shares 507,937$5.71M2.61%+73,790Timeline
MFICMIDCAP FINANCIAL INVSTMNT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 186,599 shares; 2024Q4: 194,042 shares; 2025Q1: 238,427 shares; 2025Q2: 401,393 shares 401,393$5.07M2.31%+162,966Timeline
CSWCCAPITAL SOUTHWEST CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 106,072 shares; 2024Q4: 110,422 shares; 2025Q1: 137,371 shares; 2025Q2: 225,790 shares 225,790$4.98M2.27%+88,419Timeline
CGBDCARLYLE SECURED LENDING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 216,755 shares; 2024Q4: 202,472 shares; 2025Q1: 194,717 shares; 2025Q2: 352,617 shares 352,617$4.82M2.2%+157,900Timeline
SLRCSLR INVESTMENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 145,124 shares; 2024Q4: 145,124 shares; 2025Q1: 178,095 shares; 2025Q2: 267,581 shares 267,581$4.32M1.97%+89,486Timeline
FDUSFIDUS INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 72,643 shares; 2024Q4: 82,955 shares; 2025Q1: 92,121 shares; 2025Q2: 190,228 shares 190,228$3.84M1.75%+98,107Timeline
OCSLOAKTREE SPECIALTY LENDINGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 209,678 shares; 2024Q4: 237,302 shares; 2025Q1: 230,151 shares; 2025Q2: 260,854 shares 260,854$3.56M1.63%+30,703Timeline
BBDCBARINGS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 252,518 shares; 2024Q4: 242,230 shares; 2025Q1: 262,910 shares; 2025Q2: 291,373 shares 291,373$2.66M1.22%+28,463Timeline
SCMSTELLUS CAP INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,765 shares; 2024Q4: 65,765 shares; 2025Q1: 87,120 shares; 2025Q2: 144,005 shares 144,005$2.01M0.92%+56,885Timeline
TCPCBLACKROCK TCP CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,904 shares; 2024Q4: 241,464 shares; 2025Q1: 263,894 shares; 2025Q2: 256,389 shares 256,389$1.97M0.9%-7,505Timeline
CCAPCRESCENT CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,766 shares; 2024Q4: 80,766 shares; 2025Q1: 80,766 shares; 2025Q2: 110,423 shares 110,423$1.56M0.71%+29,657Timeline
PFLTPENNANTPARK FLOATING RATE CAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,655 shares; 2024Q4: 51,655 shares; 2025Q1: 51,655 shares; 2025Q2: 104,859 shares 104,859$1.08M0.49%+53,204Timeline
SPIBSPDR SERIES TRUSTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 9,234 shares 9,234$310K0.14%newTimeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 382 shares; 2024Q4: 382 shares; 2025Q1: 382 shares; 2025Q2: 382 shares 382$304K0.14%0Timeline
DLRDIGITAL RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,496 shares; 2024Q4: 1,496 shares; 2025Q1: 1,496 shares; 2025Q2: 1,496 shares 1,496$261K0.12%0Timeline
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,630 shares; 2024Q4: 2,259 shares; 2025Q1: 2,087 shares; 2025Q2: 2,087 shares 2,087$219K0.1%0Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 779 shares; 2024Q4: 779 shares; 2025Q1: 779 shares; 2025Q2: 779 shares 779$172K0.08%0Timeline
IRMIRON MTN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,087 shares; 2024Q4: 1,472 shares; 2025Q1: 1,472 shares; 2025Q2: 1,472 shares 1,472$151K0.07%0Timeline
SPGSIMON PPTY GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 731 shares; 2024Q4: 731 shares; 2025Q1: 731 shares; 2025Q2: 731 shares 731$118K0.05%0Timeline
HSTHOST HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,047 shares; 2024Q4: 6,047 shares; 2025Q1: 6,047 shares; 2025Q2: 6,047 shares 6,047$92.9K0.04%0Timeline
VMRKVIVMARK RESIDENTIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,256 shares; 2024Q4: 1,256 shares; 2025Q1: 1,256 shares; 2025Q2: 1,256 shares 1,256$84.8K0.04%0Timeline
CCICROWN CASTLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 563 shares; 2024Q4: 563 shares; 2025Q1: 787 shares; 2025Q2: 787 shares 787$80.8K0.04%0Timeline
EXREXTRA SPACE STORAGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 548 shares; 2024Q4: 548 shares; 2025Q1: 548 shares; 2025Q2: 548 shares 548$80.8K0.04%0Timeline
PDD HOLDINGS INCPDD HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 750 shares; 2025Q2: 750 shares 750$72.9K0.03%0
AMHAMERICAN HOMES 4 RENTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,805 shares; 2024Q4: 1,805 shares; 2025Q1: 1,805 shares; 2025Q2: 1,805 shares 1,805$65.1K0.03%0Timeline
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 251 shares; 2024Q4: 251 shares; 2025Q1: 251 shares; 2025Q2: 251 shares 251$51.1K0.02%0Timeline
ESSESSEX PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 116 shares; 2024Q4: 116 shares; 2025Q1: 116 shares; 2025Q2: 116 shares 116$32.9K0.02%0Timeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
XOMEXXON MOBIL CORP COMcall20,000$2.16Mnew
UHSUNIVERSAL HLTH SVCS INC Stockput7,500$1.36Mnew
BLDRBUILDERS FIRSTSOURCE INC Stockcall9,500$1.11Mnew
RITMRITHM CAPITAL CORP REITcall60,000$677Knew
HIMSHIMS & HERS HEALTH INC COM CL Aput12,500$623K-12,000
CZRCAESARS ENTERTAINMENT INC NE COMcall20,000$568K0
WYWEYERHAEUSER CO REITcall20,000$514K0
DINOHF SINCLAIR CORP Stockcall12,500$514Knew
COLDAMERICOLD REALTY TRUST INC REITcall30,000$499Knew
AAPADVANCE AUTO PARTS INC COMput10,000$465Knew
AALAMERICAN AIRLINES GROUP INC Stockcall40,000$449K0
UTZUTZ BRANDS INC Stockcall35,000$439Knew
RLJRLJ LODGING TR REITcall50,000$364Knew
VGVENTURE GLOBAL INC COM CL Acall20,000$312K-15,000
PRAAPRA GROUP INC COMcall20,000$295Knew
NXENEXGEN ENERGY LTD Stockcall35,000$243Knew
CLFCLEVELAND-CLIFFS INC NEW Stockcall30,000$228Knew
JBLUJETBLUE AIRWAYS CORP COMcall50,000$212Knew
WBDWARNER BROS DISCOVERY INC Stockcall15,000$172K0
NVTSNAVITAS SEMICONDUCTOR CORP Stockcall25,000$164Knew
GTNGRAY MEDIA INC COMMON STOCKcall21,000$95.1K0

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
OCOWENS CORNING NEW25,000$3.57Mcall
TDGTRANSDIGM GROUP INC1,000$1.38Mput
DECKDECKERS OUTDOOR CORP10,000$1.12Mcall
TEXTEREX CORP NEW18,000$680Kcall
RRRRED ROCK RESORTS INC15,000$651Kcall
IRMIRON MTN INC DEL7,500$645Kcall
SVCSERVICE PPTYS TR200,000$522Kcall
OIO-I GLASS INC30,000$344Kcall
SBGISINCLAIR INC20,000$319Kcall
NWLNEWELL BRANDS INC50,000$310Kcall
VSATVIASAT INC15,000$156Kcall
AREALEXANDRIA REAL ESTATE EQ IN758$70.1Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001618824-25-000006 base2025-08-04acceptance time not in the bulk data set