Muzinich & Co., Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 5, 2025), Muzinich & Co., Inc. reported 38 stock positions worth $141.6 million. Its top holding was Ares Capital (ARCC) at 14.9% of the portfolio, followed by Main Street Capital (MAIN, 9.2%) and Blackstone Secured Lending F (BXSL, 9.0%). Compared with Q3 2024, it added to 16 and reduced 6. The biggest buy was Morgan Stanley Direct Lendin (MSDL, shares +2954%) and the biggest sale Blue Owl Capital (OBDC, shares −11%).
- Most Recent 13F
- Q2 2026
- Location
- NEW YORK, NY
- CIK
- 0001618824
- Portfolio Value
- $141.6M (Q4 2024)
- SEC Filing
- 0001618824-25-000002 ↗ filed Feb 5, 2025
Holdings Value
Holdings 38 stocks · $141.6M
| ARCC Ares Capital Corp. | 14.87% | 961,831 | $21.1M | Add +7.0% |
| MAIN Main Street Capital Corp. | 9.22% | 222,977 | $13.1M | Add +5.0% |
| BXSL Blackstone Secured Lending F | 8.96% | 392,711 | $12.7M | Add +16.4% |
| FSK FS KKR Capital Corp. | 8.60% | 560,981 | $12.2M | Add +9.1% |
| GBDC Golub Capital BDC Inc. | 7.80% | 728,365 | $11.0M | Add +10.9% |
| HTGC Hercules Capital Inc. | 6.38% | 449,996 | $9.0M | Add +10.2% |
| OBDC Blue Owl Capital Corp. | 6.03% | 565,151 | $8.5M | Reduce -10.7% |
| TSLX Sixth Street Specialty Lendi | 5.90% | 392,418 | $8.4M | Add +7.1% |
| BCSF Bain Capital Specialty Finan | 3.95% | 319,525 | $5.6M | Reduce -1.4% |
| GSBD Goldman Sachs BDC Inc. | 3.38% | 395,302 | $4.8M | Add +0.7% |
| NMFC New Mountain Finance Corp. filed as NEW MTN FIN CORP | 2.71% | 340,248 | $3.8M | Reduce -1.7% |
| CGBD Carlyle Secured Lending Inc. | 2.56% | 202,472 | $3.6M | Reduce -6.6% |
| OCSL Oaktree Specialty Lending Co. | 2.56% | 237,302 | $3.6M | Add +13.2% |
| OBDE Blue Owl Capital Corp. III | 2.55% | 250,760 | $3.6M | Add +46.4% |
| MFIC Midcap Financial Investment | 1.85% | 194,042 | $2.6M | Add +4.0% |
| CSWC Capital Southwest Corp. | 1.70% | 110,422 | $2.4M | Add +4.1% |
| SLRC SLR Investment Corp. | 1.66% | 145,124 | $2.3M | No change |
| BBDC Barings BDC Inc. | 1.64% | 242,230 | $2.3M | Reduce -4.1% |
| MSDL Morgan Stanley Direct Lendin | 1.52% | 104,501 | $2.2M | Add +2953.8% |
| TCPC BlackRock TCP Capital Corp. | 1.49% | 241,464 | $2.1M | Add +11.8% |
| FDUS Fidus Investment Corp. | 1.23% | 82,955 | $1.7M | Add +14.2% |
| CCAP Crescent Capital BDC Inc. | 1.10% | 80,766 | $1.6M | No change |
| SCM Stellus Capital Investment C | 0.64% | 65,765 | $905K | No change |
| PFLT Pennantpark Floating Rate Ca | 0.40% | 51,655 | $565K | No change |
| EQIX Equinix Inc. | 0.25% | 382 | $360K | No change |
| DLR Digital Realty Trust Inc. | 0.19% | 1,496 | $265K | No change |
| PLD Prologis Inc. | 0.17% | 2,259 | $239K | Reduce -14.1% |
| IRM Iron Mountain Inc. filed as IRON MTN INC DEL | 0.11% | 1,472 | $155K | Add +35.4% |
| AMT American Tower Corp. | 0.10% | 779 | $143K | No change |
| SPG Simon Property Group Inc. | 0.09% | 731 | $126K | No change |
| HST Host Hotels & Resorts Inc. | 0.07% | 6,047 | $106K | No change |
| VMRK Vivmark Residential filed as EQUITY RESIDENTIAL | 0.06% | 1,256 | $90K | No change |
| EXR Extra Space Storage Inc. | 0.06% | 548 | $82K | No change |
| ARE Alexandria Real Estate Equit | 0.05% | 758 | $74K | No change |
| AMH American Homes 4 Rent- A | 0.05% | 1,805 | $68K | No change |
| AVB Avalonbay Communities Inc. | 0.04% | 251 | $55K | No change |
| CCI Crown Castle Inc. | 0.04% | 563 | $51K | No change |
| ESS Essex Property Trust Inc. | 0.02% | 116 | $33K | No change |
Options reported separately and not counted above: LULU calls ($1.9M), PLD calls ($1.6M), EQT calls ($1.5M), NLY calls ($1.3M), TDG puts ($1.3M), RRC calls ($1.2M), AR calls ($1.1M), PFE calls ($978K), BHP calls ($976K), CZR calls ($903K), TEX calls ($814K), ACHC puts ($772K), and 9 more.
Portfolio Sells Q3 2024 → Q4 2024
| OBDC Blue Owl Capital Corp. | Reduce -10.7% | 6.03% | −1.24 |
| NMFC New Mountain Finance Corp. | Reduce -1.7% | 2.71% | −0.57 |
| CGBD Carlyle Secured Lending Inc. | Reduce -6.6% | 2.56% | −0.34 |
| BBDC Barings BDC Inc. | Reduce -4.1% | 1.64% | −0.32 |
| BCSF Bain Capital Specialty Finan | Reduce -1.4% | 3.95% | −0.29 |
| PLD Prologis Inc. | Reduce -14.1% | 0.17% | −0.09 |
Portfolio Buys Q3 2024 → Q4 2024
| MSDL Morgan Stanley Direct Lendin | Add +2953.8% | 1.52% | +1.47 |
| BXSL Blackstone Secured Lending F | Add +16.4% | 8.96% | +1.16 |
| MAIN Main Street Capital Corp. | Add +5.0% | 9.22% | +0.82 |
| OBDE Blue Owl Capital Corp. III | Add +46.4% | 2.55% | +0.62 |
| FSK FS KKR Capital Corp. | Add +9.1% | 8.60% | +0.59 |
| FDUS Fidus Investment Corp. | Add +14.2% | 1.23% | +0.11 |
| TCPC BlackRock TCP Capital Corp. | Add +11.8% | 1.49% | +0.07 |
| HTGC Hercules Capital Inc. | Add +10.2% | 6.38% | +0.06 |
| ARCC Ares Capital Corp. | Add +7.0% | 14.87% | +0.02 |
| IRM Iron Mountain Inc. | Add +35.4% | 0.11% | +0.01 |
| GBDC Golub Capital BDC Inc. | Add +10.9% | 7.80% | −0.03 |
| TSLX Sixth Street Specialty Lendi | Add +7.1% | 5.90% | −0.03 |
| MFIC Midcap Financial Investment | Add +4.0% | 1.85% | −0.12 |
| OCSL Oaktree Specialty Lending Co. | Add +13.2% | 2.56% | −0.14 |
| CSWC Capital Southwest Corp. | Add +4.1% | 1.70% | −0.42 |
| GSBD Goldman Sachs BDC Inc. | Add +0.7% | 3.38% | −0.88 |
Options Activity Q3 2024 → Q4 2024
| CVX Chevron Corp. | call | Sold out | 25,000 | $3.7Mbefore exit |
| LULU Lululemon Athletica Inc. | call | New | 5,000 | $1.9M |
| LEA Lear Corp. | call | Sold out | 15,000 | $1.6Mbefore exit |
| PLD Prologis Inc. | call | New | 15,000 | $1.6M |
| EQT Eqt Corp. | call | Add +85.7% | 32,500 | $1.5M |
| TDG Transdigm Group Inc. | put | New | 1,000 | $1.3M |
| NVDA Nvidia Corp. | call | Sold out | 10,000 | $1.2Mbefore exit |
| RRC Range Resources Corp. | call | Add +116.7% | 32,500 | $1.2M |
| VFC VF Corp. | put | Sold out | 50,000 | $998Kbefore exit |
| PFE Pfizer Inc. | call | New | 37,000 | $978K |
| CZR Caesars Entertainment Inc. | call | New | 27,500 | $903K |
| LUV Southwest Airlines Co. | put | Sold out | 30,000 | $889Kbefore exit |
| UAL United Airlines Holdings Inc. | put | Sold out | 15,000 | $856Kbefore exit |
| TEX Terex Corp. | call | New | 18,000 | $814K |
| ACHC Acadia Healthcare Co. Inc. | put | New | 20,000 | $772K |
| PK Park Hotels & Resorts Inc. | call | New | 50,000 | $736K |
| ACI Albertsons Cos Inc. Class A | call | New | 35,000 | $687K |
| SVC Service Pptys TR | call | New | 200,000 | $490K |
| SIRI Sirius XM Holdings Inc. | call | New | 17,500 | $399K |
| UNIT Uniti Group LLC Com SHS | call | New | 45,000 | $241K |
| ECHO Echostar Corp. Class A | put | New | 1,000 | $23K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 38 | $292.7M | ARCC, BXSL, OBDC, GBDC, MAIN |
| Q1 2026 | 38 | $285.9M | ARCC, BXSL, OBDC, MAIN, GBDC |
| Q4 2025 | 38 | $318.0M | ARCC, BXSL, OBDC, GBDC, MAIN |
| Q3 2025 | 37 | $258.0M | ARCC, OBDC, BXSL, MAIN, GBDC |
| Q2 2025 | 38 | $218.9M | ARCC, OBDC, BXSL, MAIN, GBDC |
| Q1 2025 | 38 | $163.5M | ARCC, OBDC, BXSL, GBDC, MAIN |
| Q4 2024 | 38 | $141.6M | ARCC, MAIN, BXSL, FSK, GBDC |
| Q3 2024 | 38 | $126.7M | ARCC, MAIN, FSK, GBDC, BXSL |
| Q2 2024 | 36 | $124.8M | ARCC, OBDC, GBDC, FSK, MAIN |
| Q1 2024 | 38 | $115.2M | ARCC, OBDC, BXSL, FSK, GBDC |