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Muzinich & Co., Inc.

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13F filer, CIK 1618824, NEW YORK, NY

Muzinich & Co., Inc. reported $318,028,280 across 38 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-01-21. Its ten largest share positions make up 75.7% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001618824-26-000002

Period
2025-12-31
Reported value
$318M
Holdings
38
Top 10 weight
75.7%
New
1
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
ARCCadded+502,493$10.2M
BXSLadded+261,922$6.9M
HTGCadded+342,967$6.45M
OBDCadded+505,997$6.29M
TSLXadded+245,940$5.34M

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
FSKreduced-39,695-$588K
EQIXreduced-242-$185K
PLDreduced-1,188-$152K
DLRreduced-959-$148K
AMTreduced-528-$92.7K

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, Q4 2025

Share positions as resolved from 13F-HR 0001618824-26-000002, largest first. % of portfolio is the value over $318,028,280, 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; 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; 2025Q4: 2,142,606 shares 2,142,606$43.3M13.63%+502,493Timeline
BXSLBLACKSTONE SECD LENDING FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 337,330 shares; 2024Q4: 392,711 shares; 2025Q1: 455,846 shares; 2025Q2: 646,277 shares; 2025Q3: 908,067 shares; 2025Q4: 1,169,989 shares 1,169,989$30.8M9.69%+261,922Timeline
OBDCBLUE OWL CAPITAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 2,457,058 shares 2,457,058$30.5M9.6%+505,997Timeline
GBDCGOLUB CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 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; 2025Q4: 1,959,272 shares 1,959,272$26.6M8.36%+333,636Timeline
MAINMAIN STR CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 212,384 shares; 2024Q4: 222,977 shares; 2025Q1: 247,107 shares; 2025Q2: 316,808 shares; 2025Q3: 367,140 shares; 2025Q4: 440,012 shares 440,012$26.6M8.36%+72,872Timeline
HTGCHERCULES CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 408,362 shares; 2024Q4: 449,996 shares; 2025Q1: 510,371 shares; 2025Q2: 738,169 shares; 2025Q3: 992,820 shares; 2025Q4: 1,335,787 shares 1,335,787$25.1M7.9%+342,967Timeline
TSLXSIXTH STREET SPECIALTY LENDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 366,410 shares; 2024Q4: 392,418 shares; 2025Q1: 450,142 shares; 2025Q2: 608,616 shares; 2025Q3: 746,958 shares; 2025Q4: 992,898 shares 992,898$21.6M6.78%+245,940Timeline
FSKFS KKR CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 514,439 shares; 2024Q4: 560,981 shares; 2025Q1: 640,003 shares; 2025Q2: 807,760 shares; 2025Q3: 894,437 shares; 2025Q4: 854,742 shares 854,742$12.7M3.98%-39,695Timeline
MSDLMORGAN STANLEY DIRECT LENDINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 3,422 shares; 2024Q4: 104,501 shares; 2025Q1: 212,700 shares; 2025Q2: 455,631 shares; 2025Q3: 584,621 shares; 2025Q4: 766,451 shares 766,451$12.6M3.97%+181,830Timeline
BCSFBAIN CAP SPECIALTY FIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 324,011 shares; 2024Q4: 319,525 shares; 2025Q1: 362,026 shares; 2025Q2: 553,802 shares; 2025Q3: 647,534 shares; 2025Q4: 784,147 shares 784,147$10.9M3.43%+136,613Timeline
CSWCCAPITAL SOUTHWEST CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 106,072 shares; 2024Q4: 110,422 shares; 2025Q1: 137,371 shares; 2025Q2: 225,790 shares; 2025Q3: 273,265 shares; 2025Q4: 425,322 shares 425,322$9.42M2.96%+152,057Timeline
CGBDCARLYLE SECURED LENDING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 216,755 shares; 2024Q4: 202,472 shares; 2025Q1: 194,717 shares; 2025Q2: 352,617 shares; 2025Q3: 499,918 shares; 2025Q4: 736,442 shares 736,442$9.2M2.89%+236,524Timeline
SLRCSLR INVESTMENT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 145,124 shares; 2024Q4: 145,124 shares; 2025Q1: 178,095 shares; 2025Q2: 267,581 shares; 2025Q3: 389,013 shares; 2025Q4: 534,336 shares 534,336$8.26M2.6%+145,323Timeline
MFICMIDCAP FINANCIAL INVSTMNT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 186,599 shares; 2024Q4: 194,042 shares; 2025Q1: 238,427 shares; 2025Q2: 401,393 shares; 2025Q3: 571,520 shares; 2025Q4: 714,776 shares 714,776$8.18M2.57%+143,256Timeline
NMFCNEW MTN FIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 346,118 shares; 2024Q4: 340,248 shares; 2025Q1: 393,136 shares; 2025Q2: 575,474 shares; 2025Q3: 671,056 shares; 2025Q4: 849,437 shares 849,437$7.82M2.46%+178,381Timeline
GSBDGOLDMAN SACHS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 392,536 shares; 2024Q4: 395,302 shares; 2025Q1: 434,147 shares; 2025Q2: 507,937 shares; 2025Q3: 766,299 shares; 2025Q4: 799,498 shares 799,498$7.42M2.33%+33,199Timeline
FDUSFIDUS INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 72,643 shares; 2024Q4: 82,955 shares; 2025Q1: 92,121 shares; 2025Q2: 190,228 shares; 2025Q3: 247,443 shares; 2025Q4: 347,114 shares 347,114$6.7M2.11%+99,671Timeline
BBDCBARINGS BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 252,518 shares; 2024Q4: 242,230 shares; 2025Q1: 262,910 shares; 2025Q2: 291,373 shares; 2025Q3: 486,098 shares; 2025Q4: 698,945 shares 698,945$6.42M2.02%+212,847Timeline
OCSLOAKTREE SPECIALTY LENDINGQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 209,678 shares; 2024Q4: 237,302 shares; 2025Q1: 230,151 shares; 2025Q2: 260,854 shares; 2025Q3: 330,906 shares; 2025Q4: 332,569 shares 332,569$4.24M1.33%+1,663Timeline
SCMSTELLUS CAP INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 65,765 shares; 2024Q4: 65,765 shares; 2025Q1: 87,120 shares; 2025Q2: 144,005 shares; 2025Q3: 206,893 shares; 2025Q4: 253,534 shares 253,534$3.21M1.01%+46,641Timeline
CCAPCRESCENT CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,766 shares; 2024Q4: 80,766 shares; 2025Q1: 80,766 shares; 2025Q2: 110,423 shares; 2025Q3: 136,796 shares; 2025Q4: 152,822 shares 152,822$2.15M0.68%+16,026Timeline
PFLTPENNANTPARK FLOATING RATE CAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,655 shares; 2024Q4: 51,655 shares; 2025Q1: 51,655 shares; 2025Q2: 104,859 shares; 2025Q3: 170,836 shares; 2025Q4: 170,836 shares 170,836$1.58M0.5%0Timeline
TCPCBLACKROCK TCP CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 215,904 shares; 2024Q4: 241,464 shares; 2025Q1: 263,894 shares; 2025Q2: 256,389 shares; 2025Q3: 282,537 shares; 2025Q4: 279,505 shares 279,505$1.53M0.48%-3,032Timeline
QQQINVESCO QQQ TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 850 shares 850$522K0.16%newTimeline
EQIXEQUINIX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 382 shares; 2024Q4: 382 shares; 2025Q1: 382 shares; 2025Q2: 382 shares; 2025Q3: 382 shares; 2025Q4: 140 shares 140$107K0.03%-242Timeline
PLDPROLOGIS INC.Quarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,630 shares; 2024Q4: 2,259 shares; 2025Q1: 2,087 shares; 2025Q2: 2,087 shares; 2025Q3: 1,852 shares; 2025Q4: 664 shares 664$84.8K0.03%-1,188Timeline
DLRDIGITAL RLTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,496 shares; 2024Q4: 1,496 shares; 2025Q1: 1,496 shares; 2025Q2: 1,496 shares; 2025Q3: 1,496 shares; 2025Q4: 537 shares 537$83.1K0.03%-959Timeline
SPGSIMON PPTY GROUP INC NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 731 shares; 2024Q4: 731 shares; 2025Q1: 731 shares; 2025Q2: 731 shares; 2025Q3: 731 shares; 2025Q4: 299 shares 299$55.3K0.02%-432Timeline
IRMIRON MTN INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,087 shares; 2024Q4: 1,472 shares; 2025Q1: 1,472 shares; 2025Q2: 1,472 shares; 2025Q3: 1,472 shares; 2025Q4: 603 shares 603$50K0.02%-869Timeline
HSTHOST HOTELS & RESORTS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 6,047 shares; 2024Q4: 6,047 shares; 2025Q1: 6,047 shares; 2025Q2: 6,047 shares; 2025Q3: 6,047 shares; 2025Q4: 2,493 shares 2,493$44.2K0.01%-3,554Timeline
AMTAMERICAN TOWER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 779 shares; 2024Q4: 779 shares; 2025Q1: 779 shares; 2025Q2: 779 shares; 2025Q3: 779 shares; 2025Q4: 251 shares 251$44.1K0.01%-528Timeline
VMRKVIVMARK RESIDENTIALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,256 shares; 2024Q4: 1,256 shares; 2025Q1: 1,256 shares; 2025Q2: 1,256 shares; 2025Q3: 1,256 shares; 2025Q4: 515 shares 515$32.5K0.01%-741Timeline
EXREXTRA SPACE STORAGE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 548 shares; 2024Q4: 548 shares; 2025Q1: 548 shares; 2025Q2: 548 shares; 2025Q3: 548 shares; 2025Q4: 229 shares 229$29.8K0.01%-319Timeline
CCICROWN CASTLE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 563 shares; 2024Q4: 563 shares; 2025Q1: 787 shares; 2025Q2: 787 shares; 2025Q3: 787 shares; 2025Q4: 322 shares 322$28.6K0.01%-465Timeline
AMHAMERICAN HOMES 4 RENTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,805 shares; 2024Q4: 1,805 shares; 2025Q1: 1,805 shares; 2025Q2: 1,805 shares; 2025Q3: 1,805 shares; 2025Q4: 740 shares 740$23.8K0.01%-1,065Timeline
AVBAVALONBAY CMNTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 251 shares; 2024Q4: 251 shares; 2025Q1: 251 shares; 2025Q2: 251 shares; 2025Q3: 251 shares; 2025Q4: 103 shares 103$18.7K0.01%-148Timeline
ESSESSEX PPTY TR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 116 shares; 2024Q4: 116 shares; 2025Q1: 116 shares; 2025Q2: 116 shares; 2025Q3: 116 shares; 2025Q4: 50 shares 50$13.1K<0.01%-66Timeline
BXPBXP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 365 shares; 2025Q4: 149 shares 149$10.1K<0.01%-216Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
UTZUTZ BRANDS INC35,000$425Kcall
COLDAMERICOLD REALTY TRUST INC30,000$367Kcall

How Q4 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 0001618824-26-000002 base2026-01-21acceptance time not in the bulk data set