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