Muzinich & Co 13F annual report
Muzinich & Co is an investment fund managing more than $125 billion ran by Steven Kreinik. There are currently 36 companies in Mr. Kreinik’s portfolio. The largest investments include Ares Capital Corp and Blue Owl Capital Corporation, together worth $28.9 billion.
$125 billion Assets Under Management (AUM)
As of 31st July 2024, Muzinich & Co’s top holding is 860,058 shares of Ares Capital Corp currently worth over $17.9 billion and making up 14.4% of the portfolio value.
Relative to the number of outstanding shares of Ares Capital Corp, Muzinich & Co owns more than approximately 0.1% of the company.
In addition, the fund holds 711,724 shares of Blue Owl Capital Corporation worth $10.9 billion.
The third-largest holding is Golub Cap Bdc Inc worth $10.2 billion and the next is Fs Kkr Cap Corp worth $10.1 billion, with 514,439 shares owned.
Currently, Muzinich & Co's portfolio is worth at least $125 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Muzinich & Co
The Muzinich & Co office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Steven Kreinik serves as the Chief Compliance Officer at Muzinich & Co.
Recent trades
In the most recent 13F filing, Muzinich & Co revealed that it had increased its stake in
Ares Capital Corp and bought 49,069 additional shares worth around $1 million.
This means they effectively own approximately 0.1% of the company.
Ares Capital Corp makes up
47.3%
of the fund's Finance sector allocation and has grown its share price by 0.9% in the past year.
On the other hand, there are companies that Muzinich & Co is getting rid of from its portfolio.
Muzinich & Co closed its position in Prospect Cap Corp on 7th August 2024.
It sold the previously owned 32,901 shares for $197 million.
Steven Kreinik also disclosed a decreased stake in Blue Owl Capital Corporation by approximately 0.1%.
This leaves the value of the investment at $10.9 billion and 711,724 shares.
One of the smallest hedge funds
The two most similar investment funds to Muzinich & Co are Pacific Financial Group Inc and Clarity Capital Advisors. They manage $125 billion and $125 billion respectively.
Steven Kreinik investment strategy
Muzinich & Co’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Finance — making up 30.4% of
the total portfolio value.
The fund focuses on investments in the United States as
38.9% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
17% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $27.8 billion.
The complete list of Muzinich & Co trades based on 13F SEC filings
These positions were updated on August 7th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Ares Capital Corp |
6.05%
860,058
|
$17,923,608,000 | 14.37% |
| Blue Owl Capital Corporation |
3.03%
711,724
|
$10,932,080,000 | 8.76% |
| Golub Cap Bdc Inc |
9.69%
651,377
|
$10,233,132,000 | 8.20% |
| Fs Kkr Cap Corp |
5.05%
514,439
|
$10,149,881,000 | 8.14% |
| Main Str Cap Corp |
3.55%
194,325
|
$9,811,469,000 | 7.86% |
| Blackstone Secd Lending Fd |
17.94%
302,981
|
$9,277,278,000 | 7.44% |
| Hercules Capital Inc |
1.80%
371,476
|
$7,596,684,000 | 6.09% |
| Sixth Street Specialty Lendi |
4.58%
326,080
|
$6,961,808,000 | 5.58% |
| Goldman Sachs BDC Inc |
11.93%
427,822
|
$6,430,164,000 | 5.15% |
| Bain Cap Specialty Fin Inc |
36.55%
324,011
|
$5,284,619,000 | 4.24% |
| Carlyle Secured Lending Inc |
2.71%
250,357
|
$4,441,333,000 | 3.56% |
| New Mtn Fin Corp |
16.65%
325,291
|
$3,981,561,000 | 3.19% |
| Oaktree Specialty Lending Co |
18.28%
196,730
|
$3,700,491,000 | 2.97% |
| Midcap Financial Invstmnt Co |
0.68%
185,653
|
$2,810,786,000 | 2.25% |
| Capital Southwest Corp. |
35.98%
101,955
|
$2,660,005,000 | 2.13% |
| BlackRock TCP Capital Corp |
23.68%
224,254
|
$2,421,943,000 | 1.94% |
| SLR Investment Corp |
3.21%
139,844
|
$2,250,089,000 | 1.80% |
| Barings BDC Inc |
28.84%
181,796
|
$1,768,875,000 | 1.42% |
| Crescent Cap Bdc Inc |
66.58%
80,766
|
$1,516,785,000 | 1.22% |
| Fidus Invt Corp |
3.54%
67,341
|
$1,311,802,000 | 1.05% |
| Stellus Cap Invt Corp |
4.78%
65,765
|
$902,953,000 | 0.72% |
| Pennantpark Floating Rate Ca |
No change
55,876
|
$644,809,000 | 0.52% |
| Prologis Inc |
5.10%
2,862
|
$321,431,000 | 0.26% |
| Equinix Inc |
No change
382
|
$289,021,000 | 0.23% |
| Digital Rlty Tr Inc |
No change
1,496
|
$227,466,000 | 0.18% |
| Prospect Cap Corp |
Closed
32,901
|
$197,077,000 | |
| American Tower Corp. |
23.78%
779
|
$151,422,000 | 0.12% |
| Simon Ppty Group Inc New |
99.73%
731
|
$110,965,000 | 0.09% |
| Host Hotels Resorts Inc |
No change
6,047
|
$108,725,000 | 0.09% |
| Alexandria Real Estate Eq In |
No change
758
|
$88,663,000 | 0.07% |
| Equity Residential |
No change
1,256
|
$87,091,000 | 0.07% |
| Extra Space Storage Inc. |
No change
548
|
$85,164,000 | 0.07% |
| Iron Mtn Inc Del |
41.57%
831
|
$74,474,000 | 0.06% |
| American Homes 4 Rent |
No change
1,805
|
$67,073,000 | 0.05% |
| Crown Castle Inc |
43.07%
563
|
$55,005,000 | 0.04% |
| Avalonbay Cmntys Inc |
No change
251
|
$51,929,000 | 0.04% |
| Healthcare Rlty Tr |
Closed
2,179
|
$37,544,000 | |
| Essex Ppty Tr Inc |
No change
116
|
$31,575,000 | 0.03% |
| No transactions found | |||
| Showing first 500 out of 38 holdings | |||
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