Horizon Technology Finance Corp
Inside Horizon Technology Finance Corp’s $646M private-credit portfolio — 152 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 |
|---|---|---|---|---|---|---|
| NonaffiliateDebtInvestmentsTechnologyKodiakRoboticsSoftwareTermLoanOneMember | 2030-01-01 | $14,625,000 | $14,625,000 | |||
| NonaffiliateDebtInvestmentsLifeScienceOssioIncMedicalDeviceTermLoanOneMember | 2031-01-20 | $12,365,000 | $12,365,000 | |||
| NonaffiliateDebtInvestmentsLifeScienceLongGrovePharmaceuticalsBiotechnologyTermLoanMember | 2031-02-27 | $10,168,000 | $10,168,000 | |||
| NonaffiliateDebtInvestmentsLifeScienceCastleCreekBiosciencesBiotechnologyTermLoanOneMember | 2028-03-01 | $9,955,000 | $9,955,000 | |||
| NonaffiliateDebtInvestmentsHealthcareElligoHealthResearchIncSoftwareTermLoanOneMember | 2027-10-01 | $9,948,000 | $9,948,000 | |||
| NonaffiliateDebtInvestmentsLifeScienceScientiaVascularIncMedicalDeviceTermLoanTwoMember | 2030-07-01 | $9,895,000 | $9,895,000 | |||
| NonaffiliateDebtInvestmentsLifeScienceScientiaVascularIncMedicalDeviceTermLoanOneMember | 2030-07-01 | $9,895,000 | $9,895,000 | |||
| NonaffiliateDebtInvestmentsLifeScienceOnkosSurgicalIncMedicalDeviceTermLoanOneMember | 2030-01-01 | $9,882,000 | $9,882,000 | |||
| NonaffiliateDebtInvestmentsLifeScienceOnkosSurgicalIncMedicalDeviceTermLoanTwoMember | 2030-01-01 | $9,882,000 | $9,882,000 | |||
| NonaffiliateDebtInvestmentsLifeScienceSonexHealthIncMedicalDeviceTermLoanTwoMember | 2030-04-01 | $9,849,000 | $9,849,000 | |||
| NonaffiliateDebtInvestmentsTechnologyBriteCoreHoldingsIncSoftwareTermLoanOneMember | 2031-01-01 | $9,837,000 | $9,837,000 | |||
| NonaffiliateDebtInvestmentsTechnologySambaTVIncSoftwareTermLoanOneMember | 2030-12-01 | $9,823,000 | $9,823,000 | |||
| NonaffiliateDebtInvestmentsLifeSciencePelthosTherapeuticsIncBiotechnologyTermLoanTwoMember | 2031-01-31 | $9,785,000 | $9,785,000 | |||
| NonaffiliateDebtInvestmentsLifeSciencePelthosTherapeuticsIncBiotechnologyTermLoanOneMember | 2031-01-31 | $9,785,000 | $9,785,000 | |||
| NonaffiliateDebtInvestmentsLifeScienceSonexHealthIncMedicalDeviceTermLoanOneMember | 2030-04-01 | $9,749,000 | $9,749,000 | |||
| NonaffiliateDebtInvestmentsTechnologyMasteryPrepLLCSoftwareTermLoanTwoMember | 2029-07-01 | $7,437,000 | $7,437,000 | |||
| NonaffiliateDebtInvestmentsTechnologySambaTVIncSoftwareTermLoanTwoMember | 2030-12-01 | $7,424,000 | $7,424,000 | |||
| NonaffiliateDebtInvestmentsLifeScienceOssioIncMedicalDeviceTermLoanTwoMember | 2031-01-20 | $7,420,000 | $7,420,000 | |||
| NonaffiliateDebtInvestmentsTechnologyBriteCoreHoldingsIncSoftwareTermLoanTwoMember | 2031-01-01 | $7,415,000 | $7,415,000 | |||
| NonaffiliateDebtInvestmentsHealthcareGTMedicalTechnologiesIncOtherHealthcareServicesTermLoanThreeMember | 2029-10-01 | $7,414,000 | $7,414,000 | |||
| NonaffiliateDebtInvestmentsTechnologyMasteryPrepLLCSoftwareTermLoanOneMember | 2029-07-01 | $7,387,000 | $7,387,000 | |||
| NonaffiliateDebtInvestmentsTechnologyKodiakRoboticsSoftwareTermLoanThreeMember | 2030-01-01 | $7,312,000 | $7,312,000 | |||
| NonaffiliateDebtInvestmentsTechnologyKodiakRoboticsSoftwareTermLoanTwoMember | 2030-01-01 | $7,312,000 | $7,312,000 | |||
| NonControlledAffiliateDebtInvestmentsHoundLabsIILLCDiagnosticsTermLoanOneMember | 2027-07-01 | $7,008,000 | $6,809,000 | |||
| NonaffiliateDebtInvestmentsLifeScienceCastleCreekBiosciencesBiotechnologyTermLoanTwoMember | 2028-03-01 | $5,475,000 | $5,475,000 |
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 | — | — | $123K |
| 2022-09-30 | 0 | — | 150.0 | $52K |
| 2022-12-31 | 0 | — | 150.0 | $59K |
| 2023-03-31 | 0 | — | 150.0 | $56K |
| 2023-06-30 | 0 | — | 150.0 | $55K |
| 2023-09-30 | 0 | — | 150.0 | $77K |
| 2023-12-31 | 0 | — | 150.0 | $44K |
| 2024-03-31 | 0 | — | — | $45K |
| 2024-06-30 | 0 | — | — | $44K |
| 2024-09-30 | 0 | — | — | $26K |
| 2024-12-31 | 0 | — | 150.0 | $24K |
| 2025-03-31 | 0 | — | 150.0 | $35K |
| 2025-06-30 | 0 | — | — | $579M |
| 2025-09-30 | 0 | — | — | $549M |
| 2025-12-31 | 0 | — | — | $596M |
| 2026-03-31 | 0 | — | — | $646M |
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 Horizon Technology Finance Corp
Horizon Technology Finance Corp (HRZN) 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%. Horizon Technology Finance Corp discloses its full loan portfolio through SEC filings.
Learn how BDCs work
New to business development companies? These free Oxford Ledge lessons explain the mechanics behind the figures on this page: What is a BDC?, reading a Schedule of Investments, and non-accruals — the #1 BDC credit metric.
Explore other BDCs
Compare HRZN with other Business Development Companies and their loan portfolios: Ares Capital Corporation (ARCC) · Ares Strategic Income Fund (AGTC) · Bain Capital Specialty Finance (BCSF) · Barings BDC Inc (BBDC) · BlackRock TCP Capital Corp (TCPC) · Blackstone Secured Lending Fund (BXSL) · Blue Owl Capital Corp (OBDC) · Blue Owl Capital Corp II (OBDE) · Capital Southwest Corporation (CSWC) · Carlyle Secured Lending (CGBD) · CION Investment Corp (CION) · Crescent Capital BDC Inc (CCAP) · Fidus Investment Corporation (FDUS) · Franklin BSP Lending Corp (FBLK) · FS KKR Capital Corp (FSK) · Gladstone Capital Corporation (GLAD) · Gladstone Investment Corporation (GAIN) · Goldman Sachs BDC Inc (GSBD)