CION Investment Corp
Inside CION Investment Corp’s $2.5B private-credit portfolio — 322 portfolio holdings disclosed in SEC filings.
Filing Information
Portfolio Composition
Portfolio-wide breakdown by fair value across this BDC’s full Schedule of Investments. Source: SEC EDGAR (public).
Top Portfolio Holdings
| Company | Sector | Investment | Coupon | Maturity | Cost | Fair Value |
|---|---|---|---|---|---|---|
| Longview Intermediate Holdings C, LLC, Membership Units | Equity | $12,917,000 | $106,525,000 | |||
| Longview Intermediate Holdings C, LLC | Common Equity | — | $106,525,000 | |||
| First American Treasury Obligations Fund, Class Z Shares | Equity | $97,054,000 | $97,054,000 | |||
| David's Bridal, Inc. | First Lien Debt Senior Secured | SOFR + 6.50% | $92,881,000 | $82,084,000 | ||
| Carestream Health Holdings, Inc., Common Stock | Equity | $24,839,000 | $37,602,000 | |||
| Carestream Health Holdings Inc. | Common Equity | — | $37,602,000 | |||
| Cennox, Inc. | First Lien Debt Senior Secured | SOFR + 6.75% | $38,140,000 | $36,965,000 | ||
| CION/EagleTree Partners, LLC | First Lien Debt Senior Secured | $36,037,000 | $36,037,000 | |||
| CION/EagleTree Partners, LLC | Senior Secured Note Senior Secured | — | $36,037,000 | |||
| Instant Web, LLC | First Lien Debt Senior Secured | SOFR + 7.00% | $58,699,000 | $35,219,000 | ||
| Entertainment Studios P&A LLC | First Lien Debt Senior Secured | SOFR + 9.00% | $34,335,000 | $34,335,000 | ||
| Hilliard, Martinez & Gonzales, LLP | First Lien Debt Senior Secured | SOFR + 12.00% | $28,317,000 | $27,898,000 | ||
| OpCo Borrower, LLC | First Lien Debt Senior Secured | SOFR + 6.00% | $27,013,000 | $27,091,000 | ||
| Gold Medal Holdings, Inc. | First Lien Debt Senior Secured | SOFR + 5.75% | $26,914,000 | $26,956,000 | ||
| Community Tree Service, LLC | First Lien Debt Senior Secured | SOFR + 8.00% | $24,852,000 | $24,894,000 | ||
| American Clinical Solutions LLC | First Lien Debt Senior Secured | SOFR + 7.00% | $30,366,000 | $24,113,000 | ||
| American Clinical Solutions LLC | First Lien Term Loan Senior Secured | — | $24,113,000 | |||
| Future Pak, LLC | First Lien Debt Senior Secured | SOFR + 6.25% | $23,375,000 | $23,433,000 | ||
| JP Intermediate B, LLC | First Lien Debt Senior Secured | SOFR + 5.50% | $27,159,000 | $23,425,000 | ||
| Wok Holdings Inc. | First Lien Debt Senior Secured | SOFR + 6.25% | $23,731,000 | $23,105,000 | ||
| WorkGenius, Inc. | First Lien Debt Senior Secured | SOFR + 7.00% | $22,741,000 | $22,741,000 | ||
| Klein Hersh, LLC | First Lien Debt Senior Secured | SOFR + 8.00% | $21,293,000 | $21,586,000 | ||
| Lift Brands, Inc. | First Lien Debt Senior Secured | SOFR + 7.50% | $21,141,000 | $21,537,000 | ||
| Anthem Sports & Entertainment Inc. | First Lien Debt Senior Secured | $26,217,000 | $21,237,000 | |||
| SRA Parent, LLC, Common Units | Equity | $19,985,000 | $20,549,000 |
Loan-Pricing Trend
Fair-value-weighted average credit spread and average mark across this BDC’s Schedule-of-Investments debt holdings, by filing quarter. Spread and mark are shown in the units reported in the filing. Source: SEC EDGAR (public).
| Quarter | Priced Loans | Wtd-Avg Spread | Avg Mark | Debt Fair Value |
|---|---|---|---|---|
| 2022-06-30 | 0 | — | — | — |
| 2022-09-30 | 0 | — | — | — |
| 2022-12-31 | 0 | — | — | — |
| 2023-03-31 | 0 | — | — | — |
| 2023-06-30 | 88 | 7.39 | 77.3 | $924M |
| 2023-09-30 | 82 | 7.31 | 75.8 | $1.0B |
| 2023-12-31 | 84 | 7.41 | 78.5 | $1.0B |
| 2024-03-31 | 78 | 7.37 | 81.9 | $953M |
| 2024-06-30 | 79 | 7.12 | 84.9 | $863M |
| 2024-09-30 | 77 | 7.04 | 82.8 | $824M |
| 2024-12-31 | 74 | 7.13 | 81.4 | $912M |
| 2025-03-31 | 75 | 7.00 | 78.5 | $810M |
| 2025-06-30 | 70 | 6.71 | 79.4 | $766M |
| 2025-09-30 | 50 | 7.11 | 76.4 | $676M |
| 2025-12-31 | 53 | 7.29 | 76.2 | $755M |
| 2026-03-31 | 124 | 6.94 | 80.0 | $1.6B |
Marks reflect each BDC’s own fair-value estimates as reported to the SEC, not traded prices. Private-credit loans are predominantly Level 3 under ASC 820 — valued from unobservable inputs and determined in good faith by each BDC’s board, so figures are estimates as of the filing date and are not directly comparable across managers. Informational only; not investment advice or a valuation.
About CION Investment Corp
CION Investment Corp (CION) is a publicly traded Business Development Company (BDC) — essentially a publicly listed fund that lends money to mid-sized private companies. In plain English: BDCs raise money from public investors and lend it to businesses that are too small for Wall Street banks. By law, they must pay out at least 90% of their profits as dividends, which is why BDC yields are often 8–12%. CION Investment Corp discloses its full loan portfolio through SEC filings.
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