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Muzinich & Co., Inc.

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13F filer, CIK 1618824, NEW YORK, NY

Muzinich & Co., Inc. reported $258,797,903 across 39 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-10-20. Its ten largest share positions make up 75.77% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001618824-25-000010

Period
2025-09-30
Reported value
$259M
Holdings
39
Top 10 weight
75.77%
New
1
Sold out
21

Largest buys vs the previous quarter

SecurityShares changeApprox. value
BXSLadded+261,790$6.82M
OBDCadded+495,628$6.33M
ARCCadded+267,062$5.45M
GBDCadded+397,514$5.44M
HTGCadded+254,651$4.82M

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
SPIBexited-9,234-$310K
PDD HOLDINGS INCexited-750-$72.9K
PLDreduced-235-$26.9K

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, Q3 2025

Share positions as resolved from 13F-HR 0001618824-25-000010, largest first. % of portfolio is the value over $258,005,453, 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; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 898,617 shares; 2024Q4: 961,831 shares; 2025Q1: 1,125,251 shares; 2025Q2: 1,373,051 shares; 2025Q3: 1,640,113 shares 1,640,113$33.5M12.97%+267,062Timeline
OBDCBLUE OWL CAPITAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 632,954 shares; 2024Q4: 565,151 shares; 2025Q1: 1,058,218 shares; 2025Q2: 1,455,433 shares; 2025Q3: 1,951,061 shares 1,951,061$24.9M9.66%+495,628Timeline
BXSLBLACKSTONE SECD LENDING FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 337,330 shares; 2024Q4: 392,711 shares; 2025Q1: 455,846 shares; 2025Q2: 646,277 shares; 2025Q3: 908,067 shares 908,067$23.7M9.18%+261,790Timeline
MAINMAIN STR CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 212,384 shares; 2024Q4: 222,977 shares; 2025Q1: 247,107 shares; 2025Q2: 316,808 shares; 2025Q3: 367,140 shares 367,140$23.3M9.05%+50,332Timeline
GBDCGOLUB CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 656,641 shares; 2024Q4: 728,365 shares; 2025Q1: 933,787 shares; 2025Q2: 1,228,122 shares; 2025Q3: 1,625,636 shares 1,625,636$22.3M8.63%+397,514Timeline
HTGCHERCULES CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 408,362 shares; 2024Q4: 449,996 shares; 2025Q1: 510,371 shares; 2025Q2: 738,169 shares; 2025Q3: 992,820 shares 992,820$18.8M7.28%+254,651Timeline
TSLXSIXTH STREET SPECIALTY LENDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 366,410 shares; 2024Q4: 392,418 shares; 2025Q1: 450,142 shares; 2025Q2: 608,616 shares; 2025Q3: 746,958 shares 746,958$17.1M6.62%+138,342Timeline
FSKFS KKR CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 514,439 shares; 2024Q4: 560,981 shares; 2025Q1: 640,003 shares; 2025Q2: 807,760 shares; 2025Q3: 894,437 shares 894,437$13.4M5.18%+86,677Timeline
MSDLMORGAN STANLEY DIRECT LENDINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,422 shares; 2024Q4: 104,501 shares; 2025Q1: 212,700 shares; 2025Q2: 455,631 shares; 2025Q3: 584,621 shares 584,621$9.4M3.64%+128,990Timeline
BCSFBAIN CAP SPECIALTY FIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 324,011 shares; 2024Q4: 319,525 shares; 2025Q1: 362,026 shares; 2025Q2: 553,802 shares; 2025Q3: 647,534 shares 647,534$9.23M3.58%+93,732Timeline
GSBDGOLDMAN SACHS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 392,536 shares; 2024Q4: 395,302 shares; 2025Q1: 434,147 shares; 2025Q2: 507,937 shares; 2025Q3: 766,299 shares 766,299$7.79M3.02%+258,362Timeline
MFICMIDCAP FINANCIAL INVSTMNT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 186,599 shares; 2024Q4: 194,042 shares; 2025Q1: 238,427 shares; 2025Q2: 401,393 shares; 2025Q3: 571,520 shares 571,520$6.85M2.66%+170,127Timeline
NMFCNEW MTN FIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 346,118 shares; 2024Q4: 340,248 shares; 2025Q1: 393,136 shares; 2025Q2: 575,474 shares; 2025Q3: 671,056 shares 671,056$6.47M2.51%+95,582Timeline
CGBDCARLYLE SECURED LENDING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 216,755 shares; 2024Q4: 202,472 shares; 2025Q1: 194,717 shares; 2025Q2: 352,617 shares; 2025Q3: 499,918 shares 499,918$6.25M2.42%+147,301Timeline
CSWCCAPITAL SOUTHWEST CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 106,072 shares; 2024Q4: 110,422 shares; 2025Q1: 137,371 shares; 2025Q2: 225,790 shares; 2025Q3: 273,265 shares 273,265$5.97M2.32%+47,475Timeline
SLRCSLR INVESTMENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 145,124 shares; 2024Q4: 145,124 shares; 2025Q1: 178,095 shares; 2025Q2: 267,581 shares; 2025Q3: 389,013 shares 389,013$5.95M2.31%+121,432Timeline
FDUSFIDUS INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 72,643 shares; 2024Q4: 82,955 shares; 2025Q1: 92,121 shares; 2025Q2: 190,228 shares; 2025Q3: 247,443 shares 247,443$5.01M1.94%+57,215Timeline
OCSLOAKTREE SPECIALTY LENDINGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 209,678 shares; 2024Q4: 237,302 shares; 2025Q1: 230,151 shares; 2025Q2: 260,854 shares; 2025Q3: 330,906 shares 330,906$4.32M1.67%+70,052Timeline
BBDCBARINGS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 252,518 shares; 2024Q4: 242,230 shares; 2025Q1: 262,910 shares; 2025Q2: 291,373 shares; 2025Q3: 486,098 shares 486,098$4.26M1.65%+194,725Timeline
SCMSTELLUS CAP INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,765 shares; 2024Q4: 65,765 shares; 2025Q1: 87,120 shares; 2025Q2: 144,005 shares; 2025Q3: 206,893 shares 206,893$2.7M1.05%+62,888Timeline
CCAPCRESCENT CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,766 shares; 2024Q4: 80,766 shares; 2025Q1: 80,766 shares; 2025Q2: 110,423 shares; 2025Q3: 136,796 shares 136,796$1.95M0.76%+26,373Timeline
TCPCBLACKROCK TCP CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,904 shares; 2024Q4: 241,464 shares; 2025Q1: 263,894 shares; 2025Q2: 256,389 shares; 2025Q3: 282,537 shares 282,537$1.75M0.68%+26,148Timeline
PFLTPENNANTPARK FLOATING RATE CAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,655 shares; 2024Q4: 51,655 shares; 2025Q1: 51,655 shares; 2025Q2: 104,859 shares; 2025Q3: 170,836 shares 170,836$1.52M0.59%+65,977Timeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 382 shares; 2024Q4: 382 shares; 2025Q1: 382 shares; 2025Q2: 382 shares; 2025Q3: 382 shares 382$299K0.12%0Timeline
DLRDIGITAL RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,496 shares; 2024Q4: 1,496 shares; 2025Q1: 1,496 shares; 2025Q2: 1,496 shares; 2025Q3: 1,496 shares 1,496$259K0.1%0Timeline
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,630 shares; 2024Q4: 2,259 shares; 2025Q1: 2,087 shares; 2025Q2: 2,087 shares; 2025Q3: 1,852 shares 1,852$212K0.08%-235Timeline
IRMIRON MTN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,087 shares; 2024Q4: 1,472 shares; 2025Q1: 1,472 shares; 2025Q2: 1,472 shares; 2025Q3: 1,472 shares 1,472$150K0.06%0Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 779 shares; 2024Q4: 779 shares; 2025Q1: 779 shares; 2025Q2: 779 shares; 2025Q3: 779 shares 779$150K0.06%0Timeline
SPGSIMON PPTY GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 731 shares; 2024Q4: 731 shares; 2025Q1: 731 shares; 2025Q2: 731 shares; 2025Q3: 731 shares 731$137K0.05%0Timeline
HSTHOST HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,047 shares; 2024Q4: 6,047 shares; 2025Q1: 6,047 shares; 2025Q2: 6,047 shares; 2025Q3: 6,047 shares 6,047$103K0.04%0Timeline
VMRKVIVMARK RESIDENTIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,256 shares; 2024Q4: 1,256 shares; 2025Q1: 1,256 shares; 2025Q2: 1,256 shares; 2025Q3: 1,256 shares 1,256$81.3K0.03%0Timeline
EXREXTRA SPACE STORAGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 548 shares; 2024Q4: 548 shares; 2025Q1: 548 shares; 2025Q2: 548 shares; 2025Q3: 548 shares 548$77.2K0.03%0Timeline
CCICROWN CASTLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 563 shares; 2024Q4: 563 shares; 2025Q1: 787 shares; 2025Q2: 787 shares; 2025Q3: 787 shares 787$75.9K0.03%0Timeline
AMHAMERICAN HOMES 4 RENTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,805 shares; 2024Q4: 1,805 shares; 2025Q1: 1,805 shares; 2025Q2: 1,805 shares; 2025Q3: 1,805 shares 1,805$60K0.02%0Timeline
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 251 shares; 2024Q4: 251 shares; 2025Q1: 251 shares; 2025Q2: 251 shares; 2025Q3: 251 shares 251$48.5K0.02%0Timeline
ESSESSEX PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 116 shares; 2024Q4: 116 shares; 2025Q1: 116 shares; 2025Q2: 116 shares; 2025Q3: 116 shares 116$31K0.01%0Timeline
BXPBXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 365 shares 365$27.1K0.01%newTimeline

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
UTZUTZ BRANDS INC Stockcall35,000$425K0
COLDAMERICOLD REALTY TRUST INC REITcall30,000$367K0

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
XOMEXXON MOBIL CORP20,000$2.16Mcall
UHSUNIVERSAL HLTH SVCS INC7,500$1.36Mput
BLDRBUILDERS FIRSTSOURCE INC9,500$1.11Mcall
RITMRITHM CAPITAL CORP60,000$677Kcall
HIMSHIMS & HERS HEALTH INC12,500$623Kput
CZRCAESARS ENTERTAINMENT INC NE20,000$568Kcall
WYWEYERHAEUSER CO20,000$514Kcall
DINOHF SINCLAIR CORP12,500$514Kcall
AAPADVANCE AUTO PARTS INC10,000$465Kput
AALAMERICAN AIRLINES GROUP INC40,000$449Kcall
RLJRLJ LODGING TR50,000$364Kcall
VGVENTURE GLOBAL INC20,000$312Kcall
SPIBSPDR SERIES TRUST9,234$310Kshares
PRAAPRA GROUP INC20,000$295Kcall
NXENEXGEN ENERGY LTD35,000$243Kcall
CLFCLEVELAND-CLIFFS INC NEW30,000$228Kcall
JBLUJETBLUE AIRWAYS CORP50,000$212Kcall
WBDWARNER BROS DISCOVERY INC15,000$172Kcall
NVTSNAVITAS SEMICONDUCTOR CORP25,000$164Kcall
GTNGRAY MEDIA INC21,000$95.1Kcall
PDD HOLDINGS INCPDD HOLDINGS INC750$72.9Kshares

How Q3 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 0001618824-25-000010 base2025-10-20acceptance time not in the bulk data set