SEC 13F Intelligence

Managers / Q4 2024 · view latest →

North Ground Capital

CIK 0002055446 · 87 ELM STREET, SUITE 103, COHASSET, MA, 02025 · 781.923.0975

Reported Value
$93M
Q4 2024
Positions
46
Filings on Record
6
2025–present window
Filed
Feb 14, 2025
original filing

Summary

North Ground Capital reported $93M in U.S.-listed holdings across 46 positions for Q4 2024.

Its largest position, RWAY, represents 10.0% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+57.4%
share of reported value
Largest Position
+10.0%
Runway Growth Finance

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’24: $93MQ4 ’24Q1 ’25: $98MQ1 ’25Q2 ’25: $78MQ2 ’25Q3 ’25: $163MQ3 ’25Q4 ’25: $201MQ4 ’25Q1 ’26: $83MQ1 ’26filingsflow.com

Portfolio Composition

By security type
Closed-End Fund: 64.5%Common Stock: 24.1%REIT: 8.4%ETP: 2.1%Other: 0.8%
  • Closed-End Fund · 64.5% · $60M
  • Common Stock · 24.1% · $22M
  • REIT · 8.4% · $8M
  • ETP · 2.1% · $2M
  • Other · 0.8% · $755,695

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
RWAYRUNWAY GROWTH FINANCE CORPNEW+847.7K847.7K+$9M$9M
BCATBLACKROCK CAP ALLOCATION TERNEW+495.1K495.1K+$8M$8M
ECATBLACKROCK ESG CAP ALLC TERMNEW+456.4K456.4K+$7M$7M
CIONCION INVT CORPNEW+421.8K421.8K+$5M$5M
OCSLOAKTREE SPECIALTY LENDING CONEW+307.0K307.0K+$5M$5M
BSTZBLACKROCK SCIENCE & TECHNOLONEW+219.0K219.0K+$5M$5M
BRSPBRIGHTSPIRE CAPITAL INCNEW+770.0K770.0K+$4M$4M
BMEZBLACKROCK HEALTH SCIENCES TENEW+259.9K259.9K+$4M$4M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q4 2024

46 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1RWAYRUNWAY GROWTH FINANCE CORPhistory →COM10.01%$9M847.7K
2BCATBLACKROCK CAP ALLOCATION TERhistory →COM8.08%$8M495.1K
3ECATBLACKROCK ESG CAP ALLC TERMhistory →SHS BEN INT8.06%$7M456.4K
4CIONCION INVT CORPhistory →COM5.18%$5M421.8K
5OCSLOAKTREE SPECIALTY LENDING COhistory →COM5.05%$5M307.0K
6BSTZBLACKROCK SCIENCE & TECHNOLOhistory →SHS BEN INT4.89%$5M219.0K
7BRSPBRIGHTSPIRE CAPITAL INChistory →COM CL A4.68%$4M770.0K
8BMEZBLACKROCK HEALTH SCIENCES TEhistory →COM SHS4.03%$4M259.9K
9NRKNUVEEN NEW YORK AMT QLT MUNIhistory →COM3.72%$3M330.0K
10XAODXABRDN TOTAL DYNAMIC DIVIDENDhistory →COM SH BEN INT3.71%$3M410.0K
11ACPABRDN INCOME CREDIT STRATEGIhistory →COM3.54%$3M550.0K
12BTXBLACKROCK INNOVATION AND GRWhistory →SHS BEN INT3.31%$3M413.1K
13HFROHIGHLAND OPPORTUNITIEShistory →HIGHLAND INCOME3.07%$3M550.0K
14MFICMIDCAP FINANCIAL INVSTMNT COhistory →COM NEW3.01%$3M207.5K
15NVGNUVEEN AMT FREE MUN CR INC Fhistory →COM2.64%$2M200.0K
16BXMTBLACKSTONE MTG TR INChistory →COM CL A2.53%$2M135.0K
17NZFNUVEEN MUNICIPAL CREDIT INChistory →COM SH BEN INT2.18%$2M166.4K
18JAAAJANUS DETROIT STR TRhistory →HENDRSON AAA CL2.12%$2M38.8K
19XWIAXWESTERN ASST INFLTN LKD INMhistory →COM SH BEN INT1.90%$2M220.0K
20GLOCLOUGH GLOBAL OPPORTUNITIEShistory →SH BEN INT1.81%$2M327.5K
21IQIINVESCO QUALITY MUN INCOME Thistory →COM1.53%$1M143.9K
22XNXJXNUVEEN NEW JERSEY QULT MUN Fhistory →COM1.44%$1M110.0K
23NMCONUVEEN MUN CR OPPORTUNITIEShistory →COM1.41%$1M123.3K
24AOMRANGEL OAK MORTGAGE REIT INChistory →COM1.18%$1M118.0K
25AVKADVENT CONV & INCOME FDhistory →COM1.09%$1M85.9K
26GLVCLOUGH GLOBAL DIVID & INCOMECOM0.93%$863,660159.2K
27XNEAXNUVEEN AMT FREE QLTY MUN INCCOM0.91%$846,00075.0K
28XNQPXNUVEEN PENNSYLVANIA QLT MUNCOM0.88%$812,78672.7K
29EMOCLEARBRIDGE ENERGY MIDSTRM OCOM0.83%$767,91016.5K
30FIRST TR SPECIALTY FIN & FINCOM BEN INTR0.81%$755,695179.5K
31XGLQXCLOUGH GLOBAL EQUITY FDCOM0.79%$732,600110.0K
32PDXPIMCO DYNAMIC INCOME STRATEGCOM SHS BEN INT0.77%$718,57527.5K
33GSBDGOLDMAN SACHS BDC INCSHS0.64%$590,42048.8K
34VTNINVESCO TR INVT GRADE NEW YOCOM0.58%$541,37251.7K
35VKIINVESCO ADVANTAGE MUN INCOMESH BEN INT0.52%$480,70055.0K
36SPESPECIAL OPPORTUNITIES FD INCCOM0.43%$402,32527.5K
37VPVINVESCO PA VALUE MUN INC TRCOM0.42%$389,72337.9K
38FMNFEDERATED HERMES PREM MUNI ICOM0.28%$257,08323.6K
39TCPCBLACKROCK TCP CAPITAL CORPCOM0.26%$242,87027.9K
40PCFHIGH INCOME SECS FDSHS BEN INT0.24%$219,40833.6K
41AEFABRDN EMRG MKTS EQTY INCM FDCOM0.22%$199,81538.5K
42XENWXEATON VANCE NEW YORK MUN BDCOM0.10%$95,30010.0K
43ZTRVIRTUS TOTAL RETURN FD INCCOM0.10%$93,76016.0K
44XMVFXBLACKROCK MUNIVEST FD INCCOM0.08%$70,40010.0K
45ARIAPOLLO COML REAL EST FIN INCCOM0.06%$52,1596.0K
46XEVMXEATON VANCE CALIF MUN BD FDCOM0.01%$9,1701.0K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$83M40May 11, 202613F-HRchanges · EDGAR ↗
Q4 2025$201M45Feb 12, 202613F-HRchanges · EDGAR ↗
Q3 2025$163M51Oct 29, 202513F-HRchanges · EDGAR ↗
Q2 2025$78M38Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$98M42May 14, 202513F-HRchanges · EDGAR ↗
Q4 2024$93M46Feb 14, 202513F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.