Muzinich & Co., Inc. Hedge Fund

Location: New York, NY

CIK: 0001618824 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Jan 21, 2026

Total Value: $318M (100.0% shares, 0.0% debt)

Holdings (38)

ARCC ARES CAPITAL CORP 13.6%

Value $43.34M Shares 2,142,606 Share Price $20.23 Est. Cost/Share $15.15 Unrealized @ Report Date +33.5%

BXSL BLACKSTONE SECD LENDING FD 9.7%

Value $30.81M Shares 1,169,989 Share Price $26.33 Est. Cost/Share $24.81 Unrealized @ Report Date +6.1%

OBDC BLUE OWL CAPITAL CORPORATION 9.6%

Value $30.54M Shares 2,457,058 Share Price $12.43 Est. Cost/Share $11.75 Unrealized @ Report Date +5.8%

GBDC GOLUB CAP BDC INC 8.4%

Value $26.59M Shares 1,959,272 Share Price $13.57 Est. Cost/Share $11.92 Unrealized @ Report Date +13.9%

MAIN MAIN STR CAP CORP 8.4%

Value $26.57M Shares 440,012 Share Price $60.39 Est. Cost/Share $48.29 Unrealized @ Report Date +25.0%

HTGC HERCULES CAPITAL INC 7.9%

Value $25.14M Shares 1,335,787 Share Price $18.82 Est. Cost/Share $17.11 Unrealized @ Report Date +10.0%

TSLX SIXTH STREET SPECIALTY LENDI 6.8%

Value $21.57M Shares 992,898 Share Price $21.72 Est. Cost/Share $20.55 Unrealized @ Report Date +5.7%

FSK FS KKR CAP CORP 4.0%

Value $12.66M Shares 854,742 Share Price $14.81 Est. Cost/Share $11.98 Unrealized @ Report Date +23.7%

MSDL MORGAN STANLEY DIRECT LENDIN 4.0%

Value $12.63M Shares 766,451 Share Price $16.48 Est. Cost/Share $17.45 Unrealized @ Report Date -5.6%

BCSF BAIN CAP SPECIALTY FIN INC 3.4%

Value $10.91M Shares 784,147 Share Price $13.91 Est. Cost/Share $12.00 Unrealized @ Report Date +15.9%

CSWC CAPITAL SOUTHWEST CORP 3.0%

Value $9.421M Shares 425,322 Share Price $22.15 Est. Cost/Share $19.38 Unrealized @ Report Date +12.4%

CGBD CARLYLE SECURED LENDING INC 2.9%

Value $9.198M Shares 736,442 Share Price $12.49 Est. Cost/Share $10.92 Unrealized @ Report Date +14.4%

SLRC SLR INVESTMENT CORP 2.6%

Value $8.261M Shares 534,336 Share Price $15.46 Est. Cost/Share $13.46 Unrealized @ Report Date +14.9%

MFIC MIDCAP FINANCIAL INVSTMNT CO 2.6%

Value $8.177M Shares 714,776 Share Price $11.44 Est. Cost/Share $10.40 Unrealized @ Report Date +10.0%

NMFC NEW MTN FIN CORP 2.5%

Value $7.823M Shares 849,437 Share Price $9.21 Est. Cost/Share $8.23 Unrealized @ Report Date +11.9%

GSBD GOLDMAN SACHS BDC INC 2.3%

Value $7.419M Shares 799,498 Share Price $9.28 Est. Cost/Share $15.55 Unrealized @ Report Date -40.3%

FDUS FIDUS INVT CORP 2.1%

Value $6.699M Shares 347,114 Share Price $19.30 Est. Cost/Share $16.79 Unrealized @ Report Date +15.0%

BBDC BARINGS BDC INC 2.0%

Value $6.416M Shares 698,945 Share Price $9.18 Est. Cost/Share $7.89 Unrealized @ Report Date +16.3%

OCSL OAKTREE SPECIALTY LENDING CO 1.3%

Value $4.237M Shares 332,569 Share Price $12.74 Est. Cost/Share $17.65 Unrealized @ Report Date -27.8%

SCM STELLUS CAP INVT CORP 1.0%

Value $3.215M Shares 253,534 Share Price $12.68 Est. Cost/Share $13.26 Unrealized @ Report Date -4.4%

CCAP CRESCENT CAP BDC INC 0.7%

Value $2.147M Shares 152,822 Share Price $14.05 Est. Cost/Share $13.77 Unrealized @ Report Date +2.1%

PFLT PENNANTPARK FLOATING RATE CA 0.5%

Value $1.584M Shares 170,836 Share Price $9.27 * Est. Cost/Share $8.14 Unrealized @ Report Date +11.3%

TCPC BLACKROCK TCP CAPITAL CORP 0.5%

Value $1.529M Shares 279,505 Share Price $5.47 Est. Cost/Share $11.75 Unrealized @ Report Date -53.5%

QQQ INVESCO QQQ TR 0.2%

Value $522K Shares 850 Share Price $614.31 Est. Cost/Share $613.63 Unrealized @ Report Date +0.1%

EQIX EQUINIX INC 0.0%

Value $107K Shares 140 Share Price $766.16 Est. Cost/Share $545.33 Unrealized @ Report Date +40.5%

PLD PROLOGIS INC. 0.0%

Value $84,766 Shares 664 Share Price $127.66 Est. Cost/Share $82.75 Unrealized @ Report Date +54.3%

DLR DIGITAL RLTY TR INC 0.0%

Value $83,079 Shares 537 Share Price $154.71 Est. Cost/Share $97.81 Unrealized @ Report Date +58.2%

SPG SIMON PPTY GROUP INC NEW 0.0%

Value $55,347 Shares 299 Share Price $185.11 Est. Cost/Share $116.36 Unrealized @ Report Date +59.1%

IRM IRON MTN INC DEL 0.0%

Value $50,018 Shares 603 Share Price $82.95 Est. Cost/Share $82.42 Unrealized @ Report Date +0.6%

HST HOST HOTELS & RESORTS INC 0.0%

Value $44,200 Shares 2,493 Share Price $17.73 Est. Cost/Share $14.63 Unrealized @ Report Date +21.2%

AMT AMERICAN TOWER CORP NEW 0.0%

Value $44,068 Shares 251 Share Price $175.57 Est. Cost/Share $151.43 Unrealized @ Report Date +15.9%

EQR EQUITY RESIDENTIAL 0.0%

Value $32,465 Shares 515 Share Price $63.04 Est. Cost/Share $59.75 Unrealized @ Report Date +4.4%

EXR EXTRA SPACE STORAGE INC 0.0%

Value $29,820 Shares 229 Share Price $130.22 Est. Cost/Share $139.23 Unrealized @ Report Date -6.5%

CCI CROWN CASTLE INC 0.0%

Value $28,616 Shares 322 Share Price $88.87 Est. Cost/Share $95.12 Unrealized @ Report Date -6.6%

AMH AMERICAN HOMES 4 RENT 0.0%

Value $23,754 Shares 740 Share Price $32.10 Est. Cost/Share $34.48 Unrealized @ Report Date —

AVB AVALONBAY CMNTYS INC 0.0%

Value $18,674 Shares 103 Share Price $181.30 Est. Cost/Share $150.19 Unrealized @ Report Date +20.7%

ESS ESSEX PPTY TR INC 0.0%

Value $13,084 Shares 50 Share Price $261.68 Est. Cost/Share $193.05 Unrealized @ Report Date +34.2%

BXP BXP INC 0.0%

Value $10,054 Shares 149 Share Price $67.48 Est. Cost/Share $69.22 Unrealized @ Report Date -2.5%

Ticker	Issuer	Shares	Value	%	Share Price	Est. Cost/Share	Unrealized @ Report Date	Class	CUSIP
ARCC	ARES CAPITAL CORP	2,142,606	$43.34M	13.6%	$20.23	$15.15	+33.5%	COM	04010L103
BXSL	BLACKSTONE SECD LENDING FD	1,169,989	$30.81M	9.7%	$26.33	$24.81	+6.1%	COMMON STOCK	09261X102
OBDC	BLUE OWL CAPITAL CORPORATION	2,457,058	$30.54M	9.6%	$12.43	$11.75	+5.8%	COM	69121K104
GBDC	GOLUB CAP BDC INC	1,959,272	$26.59M	8.4%	$13.57	$11.92	+13.9%	COM	38173M102
MAIN	MAIN STR CAP CORP	440,012	$26.57M	8.4%	$60.39	$48.29	+25.0%	COM	56035L104
HTGC	HERCULES CAPITAL INC	1,335,787	$25.14M	7.9%	$18.82	$17.11	+10.0%	COM	427096508
TSLX	SIXTH STREET SPECIALTY LENDI	992,898	$21.57M	6.8%	$21.72	$20.55	+5.7%	COM	83012A109
FSK	FS KKR CAP CORP	854,742	$12.66M	4.0%	$14.81	$11.98	+23.7%	COM	302635206
MSDL	MORGAN STANLEY DIRECT LENDIN	766,451	$12.63M	4.0%	$16.48	$17.45	-5.6%	COM SHS	61774A103
BCSF	BAIN CAP SPECIALTY FIN INC	784,147	$10.91M	3.4%	$13.91	$12.00	+15.9%	COM STK	05684B107
CSWC	CAPITAL SOUTHWEST CORP	425,322	$9.421M	3.0%	$22.15	$19.38	+12.4%	COM	140501107
CGBD	CARLYLE SECURED LENDING INC	736,442	$9.198M	2.9%	$12.49	$10.92	+14.4%	COM	872280102
SLRC	SLR INVESTMENT CORP	534,336	$8.261M	2.6%	$15.46	$13.46	+14.9%	COM	83413U100
MFIC	MIDCAP FINANCIAL INVSTMNT CO	714,776	$8.177M	2.6%	$11.44	$10.40	+10.0%	COM NEW	03761U502
NMFC	NEW MTN FIN CORP	849,437	$7.823M	2.5%	$9.21	$8.23	+11.9%	COM	647551100
GSBD	GOLDMAN SACHS BDC INC	799,498	$7.419M	2.3%	$9.28	$15.55	-40.3%	SHS	38147U107
FDUS	FIDUS INVT CORP	347,114	$6.699M	2.1%	$19.30	$16.79	+15.0%	COM	316500107
BBDC	BARINGS BDC INC	698,945	$6.416M	2.0%	$9.18	$7.89	+16.3%	COM	06759L103
OCSL	OAKTREE SPECIALTY LENDING CO	332,569	$4.237M	1.3%	$12.74	$17.65	-27.8%	COM	67401P405
SCM	STELLUS CAP INVT CORP	253,534	$3.215M	1.0%	$12.68	$13.26	-4.4%	COM	858568108
CCAP	CRESCENT CAP BDC INC	152,822	$2.147M	0.7%	$14.05	$13.77	+2.1%	COM	225655109
PFLT	PENNANTPARK FLOATING RATE CA	170,836	$1.584M	0.5%	$9.27 *	$8.14	+11.3%	COM	70806A106
TCPC	BLACKROCK TCP CAPITAL CORP	279,505	$1.529M	0.5%	$5.47	$11.75	-53.5%	COM	09259E108
QQQ	INVESCO QQQ TR	850	$522K	0.2%	$614.31	$613.63	+0.1%	UNIT SER 1	46090E103
EQIX	EQUINIX INC	140	$107K	0.0%	$766.16	$545.33	+40.5%	COM	29444U700
PLD	PROLOGIS INC.	664	$84,766	0.0%	$127.66	$82.75	+54.3%	COM	74340W103
DLR	DIGITAL RLTY TR INC	537	$83,079	0.0%	$154.71	$97.81	+58.2%	COM	253868103
SPG	SIMON PPTY GROUP INC NEW	299	$55,347	0.0%	$185.11	$116.36	+59.1%	COM	828806109
IRM	IRON MTN INC DEL	603	$50,018	0.0%	$82.95	$82.42	+0.6%	COM	46284V101
HST	HOST HOTELS & RESORTS INC	2,493	$44,200	0.0%	$17.73	$14.63	+21.2%	COM	44107P104
AMT	AMERICAN TOWER CORP NEW	251	$44,068	0.0%	$175.57	$151.43	+15.9%	COM	03027X100
EQR	EQUITY RESIDENTIAL	515	$32,465	0.0%	$63.04	$59.75	+4.4%	SH BEN INT	29476L107
EXR	EXTRA SPACE STORAGE INC	229	$29,820	0.0%	$130.22	$139.23	-6.5%	COM	30225T102
CCI	CROWN CASTLE INC	322	$28,616	0.0%	$88.87	$95.12	-6.6%	COM	22822V101
AMH	AMERICAN HOMES 4 RENT	740	$23,754	0.0%	$32.10	$34.48	—	CL A	02665T306
AVB	AVALONBAY CMNTYS INC	103	$18,674	0.0%	$181.30	$150.19	+20.7%	COM	053484101
ESS	ESSEX PPTY TR INC	50	$13,084	0.0%	$261.68	$193.05	+34.2%	COM	297178105
BXP	BXP INC	149	$10,054	0.0%	$67.48	$69.22	-2.5%	COM	101121101