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North Ground Capital

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13F filer, CIK 2055446, Cohasset, MA

North Ground Capital reported $201,376,086 across 45 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-12. Its ten largest share positions make up 57.96% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001420506-26-000329

Period
2025-12-31
Reported value
$201M
Holdings
45
Top 10 weight
57.96%
New
6
Sold out
12

Largest buys vs the previous quarter

SecurityShares changeApprox. value
OXLCadded+610,363$8.94M
XFLTnew+1,482,418$7.12M
RWAYadded+794,050$7.09M
BCSFadded+451,514$6.28M
CCAPadded+417,312$5.86M

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
EICexited-422,222-$6.45M
JAAAexited-126,667-$6.43M
ZTRreduced-974,814-$6.14M
NMCOexited-206,380-$2.24M
OTFreduced-103,355-$1.5M

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 0001420506-26-000329, largest first. % of portfolio is the value over $201,376,086, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
BRSPBRIGHTSPIRE CAPITAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 770,000 shares; 2025Q1: 1,461,028 shares; 2025Q2: 1,323,000 shares; 2025Q3: 2,520,000 shares; 2025Q4: 3,054,552 shares 3,054,552$17.1M8.49%+534,552Timeline
OXLCOXFORD LANE CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 422,222 shares; 2025Q4: 1,032,585 shares 1,032,585$15.1M7.51%+610,363Timeline
RWAYRUNWAY GROWTH FINANCE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 847,662 shares; 2025Q1: 1,050,000 shares; 2025Q2: 521,500 shares; 2025Q3: 775,000 shares; 2025Q4: 1,569,050 shares 1,569,050$14M6.96%+794,050Timeline
FSKFS KKR CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 16,000 shares; 2025Q3: 615,000 shares; 2025Q4: 895,746 shares 895,746$13.3M6.59%+280,746Timeline
CCAPCRESCENT CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 311,000 shares; 2025Q3: 418,000 shares; 2025Q4: 835,312 shares 835,312$11.7M5.83%+417,312Timeline
CGBDCARLYLE SECURED LENDING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 476,134 shares; 2025Q4: 912,220 shares 912,220$11.4M5.66%+436,086Timeline
CIONCION INVT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 421,801 shares; 2025Q1: 581,100 shares; 2025Q2: 500,000 shares; 2025Q3: 1,002,778 shares; 2025Q4: 1,086,992 shares 1,086,992$10.5M5.22%+84,214Timeline
BCSFBAIN CAP SPECIALTY FIN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 175,000 shares; 2025Q4: 626,514 shares 626,514$8.71M4.33%+451,514Timeline
MFICMIDCAP FINANCIAL INVSTMNT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 207,519 shares; 2025Q1: 190,000 shares; 2025Q2: not reported; 2025Q3: 250,000 shares; 2025Q4: 651,326 shares 651,326$7.45M3.7%+401,326Timeline
ACREARES COML REAL ESTATE CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 93,469 shares; 2025Q2: not reported; 2025Q3: 1,157,863 shares; 2025Q4: 1,551,806 shares 1,551,806$7.42M3.68%+393,943Timeline
XFLTXAI OCTAGON FLOATING RATE & ALQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 1,482,418 shares 1,482,418$7.12M3.53%newTimeline
MSIFMSC INCOME FUND INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 319,780 shares; 2025Q4: 501,678 shares 501,678$6.59M3.27%+181,898Timeline
GLOCLOUGH GLOBAL OPPORTUNITIESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 327,500 shares; 2025Q1: 466,492 shares; 2025Q2: 432,928 shares; 2025Q3: 947,362 shares; 2025Q4: 1,112,636 shares 1,112,636$6.3M3.13%+165,274Timeline
NRKNUVEEN NY AMT FREEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 330,000 shares; 2025Q1: 356,195 shares; 2025Q2: 320,575 shares; 2025Q3: 538,650 shares; 2025Q4: 601,212 shares 601,212$6.07M3.01%+62,562Timeline
GBDCGOLUB CAP BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 50,000 shares; 2025Q4: 326,106 shares 326,106$4.43M2.2%+276,106Timeline
TCPCBLACKROCK TCP CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 27,884 shares; 2025Q1: 365,000 shares; 2025Q2: not reported; 2025Q3: 500,000 shares; 2025Q4: 787,946 shares 787,946$4.31M2.14%+287,946Timeline
SWZTOTAL RETURN SECURITIES FUNDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 4,800 shares; 2025Q2: 150,058 shares; 2025Q3: 193,523 shares; 2025Q4: 661,145 shares 661,145$4.11M2.04%+467,622Timeline
OTFBLUE OWL TECHNOLOGY FIN CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 375,000 shares; 2025Q4: 271,645 shares 271,645$3.95M1.96%-103,355Timeline
NVGNUVEEN AMT FREE MUN CR INC FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 200,000 shares; 2025Q1: 178,832 shares; 2025Q2: 160,949 shares; 2025Q3: 273,600 shares; 2025Q4: 305,064 shares 305,064$3.86M1.92%+31,464Timeline
MRPMILLROSE PPTYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 324,133 shares; 2025Q2: 166,750 shares; 2025Q3: not reported; 2025Q4: 127,189 shares 127,189$3.8M1.89%newTimeline
ECATBLACKROCK ESG CAP ALLC TERMQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 456,400 shares; 2025Q1: 700,000 shares; 2025Q2: 487,619 shares; 2025Q3: 285,000 shares; 2025Q4: 223,714 shares 223,714$3.44M1.71%-61,286Timeline
NZFNUVEEN MUN CR INCOME FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 166,356 shares; 2025Q1: 169,251 shares; 2025Q2: 152,326 shares; 2025Q3: 256,500 shares; 2025Q4: 223,536 shares 223,536$2.81M1.4%-32,964Timeline
MXFMEXICO FD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 30,869 shares; 2025Q4: 126,312 shares 126,312$2.54M1.26%+95,443Timeline
IQIINVESCO QUALITY MUN INCOME TQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 143,904 shares; 2025Q1: 147,250 shares; 2025Q2: 132,525 shares; 2025Q3: 213,750 shares; 2025Q4: 238,367 shares 238,367$2.37M1.18%+24,617Timeline
ECCEAGLE POINT CR COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 633,333 shares; 2025Q4: 390,468 shares 390,468$2.25M1.12%-242,865Timeline
AOMRANGEL OAK MORTGAGE REIT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 117,971 shares; 2025Q1: 168,128 shares; 2025Q2: 200,000 shares; 2025Q3: 388,836 shares; 2025Q4: 249,628 shares 249,628$2.15M1.07%-139,208Timeline
FSSLFS SPECIALTY LENDING FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 135,324 shares 135,324$1.91M0.95%newTimeline
XNQPXNUVEEN PA INVT QUALITY MUN FQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 72,700 shares; 2025Q1: 91,005 shares; 2025Q2: 81,904 shares; 2025Q3: 136,800 shares; 2025Q4: 152,529 shares 152,529$1.81M0.9%+15,729Timeline
ACPABRDN INCOME CREDIT STRATEGIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 550,000 shares; 2025Q1: 558,850 shares; 2025Q2: 452,668 shares; 2025Q3: 295,926 shares; 2025Q4: 329,148 shares 329,148$1.78M0.88%+33,222Timeline
GLVCLOUGH GLOBAL DIVID & INCOMEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 159,200 shares; 2025Q1: 287,229 shares; 2025Q2: 290,099 shares; 2025Q3: 313,031 shares; 2025Q4: 244,254 shares 244,254$1.46M0.72%-68,777Timeline
XNXJXNUVEEN NEW JERSEYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 110,000 shares; 2025Q1: 111,770 shares; 2025Q2: 100,593 shares; 2025Q3: 171,000 shares; 2025Q4: 112,826 shares 112,826$1.43M0.71%-58,174Timeline
ZTRVIRTUS TOTAL RETURN FD INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 16,000 shares; 2025Q1: 485,000 shares; 2025Q2: 540,500 shares; 2025Q3: 1,197,000 shares; 2025Q4: 222,186 shares 222,186$1.4M0.7%-974,814Timeline
HFROHIGHLAND OPPS & INCOME FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 550,000 shares; 2025Q1: 220,000 shares; 2025Q2: 198,000 shares; 2025Q3: 196,996 shares; 2025Q4: 192,701 shares 192,701$1.15M0.57%-4,295Timeline
BRWSABA CAPITAL INCOME & OPRNTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: 220,009 shares; 2025Q2: 179,828 shares; 2025Q3: 110,000 shares; 2025Q4: 163,114 shares 163,114$1.14M0.57%+53,114Timeline
AEFABRDN EMERGING MARKETS EX CHQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 38,500 shares; 2025Q1: 319,922 shares; 2025Q2: 285,052 shares; 2025Q3: 138,038 shares; 2025Q4: 152,370 shares 152,370$1.07M0.53%+14,332Timeline
VPVINVESCO PA VALUE MUN INC TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 37,874 shares; 2025Q1: 55,335 shares; 2025Q2: 49,802 shares; 2025Q3: 83,691 shares; 2025Q4: 93,481 shares 93,481$978K0.49%+9,790Timeline
XNEAXNUVEEN AMT FREE QLTY MUN INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 75,000 shares; 2025Q1: 45,885 shares; 2025Q2: 41,296 shares; 2025Q3: 68,400 shares; 2025Q4: 76,342 shares 76,342$888K0.44%+7,942Timeline
VKIINVESCO ADVANTAGE MUN INCOMEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 55,000 shares; 2025Q1: 55,885 shares; 2025Q2: 50,296 shares; 2025Q3: 85,500 shares; 2025Q4: 95,443 shares 95,443$870K0.43%+9,943Timeline
DMADESTRA MULTI-ALTERNATIVE FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 59,006 shares; 2025Q4: 77,310 shares 77,310$693K0.34%+18,304Timeline
ARIAPOLLO COML REAL ESTATE FINQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 6,023 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 60,000 shares 60,000$581K0.29%newTimeline
XGLQXCLOUGH GLOBAL EQUITY FDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 110,000 shares; 2025Q1: 218,903 shares; 2025Q2: 201,946 shares; 2025Q3: 234,189 shares; 2025Q4: 72,019 shares 72,019$552K0.27%-162,170Timeline
FMNFEDERATED HERMES PREM MUNI IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 23,564 shares; 2025Q1: 22,100 shares; 2025Q2: 19,890 shares; 2025Q3: 34,371 shares; 2025Q4: 38,429 shares 38,429$427K0.21%+4,058Timeline
FSCOFS CREDIT OPPORTUNITIES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 27,334 shares 27,334$172K0.09%newTimeline
ICMBINVESTCORP CR MGMT BDC INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 54,299 shares 54,299$147K0.07%newTimeline
XWIAXWESTERN ASSET INFLT LNK INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not loaded; 2024Q4: 220,000 shares; 2025Q1: 238,928 shares; 2025Q2: 212,770 shares; 2025Q3: 99,842 shares; 2025Q4: 10,892 shares 10,892$90.1K0.04%-88,950Timeline

Sold out in Q4 2025

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

SecurityShares beforeValue beforeType
EICEAGLE POINT INCOME CO422,222$6.45Mshares
JAAAJANUS DETROIT STR TR126,667$6.43Mshares
NMCONUVEEN MUN CR OPPORTUNITIES206,380$2.24Mshares
KBDCKAYNE ANDERSON BDC INC100,000$1.33Mshares
TYGTORTOISE ENERGY INFRSTRCTR C28,932$1.25Mshares
VTNINVESCO TR INVT GRADE NEW YO106,729$1.18Mshares
XAODXABRDN TOTAL DYNAMIC DIVIDEND80,974$766Kshares
EMOCLEARBRIDGE ENERGY MIDSTREAM16,446$739Kshares
RWTREDWOOD TRUST INC95,000$550Kshares
EATON VANCE NEW YORK MUN BDEATON VANCE NEW YORK MUN BD36,942$364Kshares
EATON VANCE CALIFORNIA MUNI…EATON VANCE CALIFORNIA MUNI BO17,623$167Kshares
OXSQOXFORD SQUARE CAP CORP50,000$79.5Kshares

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 0001420506-26-000329 base2026-02-12acceptance time not in the bulk data set