SuRo Capital Corp
Inside SuRo Capital Corp’s $406M private-credit portfolio — 47 holdings disclosed in SEC filings.
Aug 6 · SEC EDGAR
Credit Snapshot
How the market and the balance sheet read SSSS as a credit: NAV per share is the Q1 FY2026 book value ($11.99) from its SEC quarterly filing — for a BDC, book value is NAV. Fair values underneath are the manager’s own estimates. Price as of 2026-08-26.
| Metric | Value | What healthy looks like |
|---|---|---|
| Price-to-NAV | 0.96x (discount) | Quality BDCs tend to trade near NAV; a deep discount often signals credit concern — or opportunity to investigate. |
| Dividend Yield (FY2025 paid) | 3.6% | A trailing all-in yield (full-year dividends paid, including any specials) — not a forward run-rate. BDC regular yields typically run 8–12%; treat an outlier as a question about dividend sustainability. |
| Dividend Coverage (GAAP NII) | NII negative FY2025 investment income did not cover operating costs, let alone distributions | Above 1.0x, the year’s distributions were earned by investment income; below 1.0x they exceeded it — watch for a cut or return-of-capital funding. GAAP NII, not the manager’s adjusted “core NII”. |
| NII Return on Equity | -8.0% GAAP NII on FY2025 FY-end NAV | What the portfolio EARNED on book value, before mark swings — steadier than mark-driven ROE. BDCs typically land high single digits to low teens; internally managed books keep more of it. |
| NAV Total Return | +14.5% FY2025: ΔNAV/share + distributions 3-yr ≈+2.6%/yr compound | NAV change plus distributions, per share — what the book earned independent of market sentiment. Sustained positive NAV total return means the credit book is creating value, not just distributing it back. |
| Top-5 Borrower Concentration | 69% of portfolio FV ≈ 78% of Q1 FY2026 NAV largest: Whoop Inc (37.1% of FV) | Measured against NAV, not just portfolio value: leverage means one borrower’s writedown hits book value harder than its portfolio share suggests. Diversified BDCs typically keep any single name to a low single-digit share of the portfolio. |
| Non-Accruals | — not yet parsed | 1–3% of debt fair value is normal; 5%+ is a warning sign. We don’t parse this yet — check the latest 10-Q. |
Portfolio Composition
Portfolio-wide breakdown by fair value across this BDC’s full Schedule of Investments. Source: SEC EDGAR (public). As of the 2026-08-06 filing.
Quarter-over-quarter changes
Borrowers added to and dropped from the book between the 2026-05-06 and 2026-08-06 filings, and the largest weighted-mark moves on borrowers held across both. Aggregated to the borrower so a company’s exposure is counted once even when its loan tranches are re-cut quarter to quarter; entries and exits under $0.5M are omitted as parse noise.
New this quarter 2
- Magnetar Opportunity Two Thousand Twenty Five 4 Lp$20M
- Click House Inc$9M
Exited 2
- Magnetar Opportunity Lp$5M
- Hl Digital Assets Inc$4M
Top Portfolio Holdings
| # | Company | Type | Coupon | Fair Value | % of FV | % of Net Assets |
|---|---|---|---|---|---|---|
| 1 | Whoop Inc | Equity | — | $149M | 36.8% | 41.3% |
| 2 | ARK Type One Deep Ventures Fund LLCClass A Interest | Debt | — | $59M | 14.6% | 16.4% |
| 3 | IH 10 LLC | Equity | — | $34M | 8.4% | 9.4% |
| 4 | Magnetar Opportunity Two Thousand Twenty Five 4 LP2 reporting lines · Class B Interest + Class A Interest | Debt | — | $20M | 5.0% | 5.6% |
| 5 | Blink Health Inc2 reporting lines · Series C Preferred Stock + Series A Preferred Stock | Equity | — | $17M | 4.2% | 4.7% |
| 6 | Canva Inc | Equity | — | $15M | 3.8% | 4.3% |
| 7 | Learneo Inc (fka Course Hero Inc)2 reporting lines · Series C Preferred Stock Eight Percentage + Series A Preferred Stock Eight Percentage | Equity | — | $15M | 3.8% | 4.3% |
| 8 | CW Opportunity 2 LPClass A Interest | Debt | — | $15M | 3.8% | 4.3% |
| 9 | Locus Robotics Corp | Equity | — | $12M | 3.0% | 3.4% |
| 10 | Supplying Demand Inc | Equity | — | $10M | 2.5% | 2.8% |
| Full schedule — all 47 holdings, sortable and screenable → | ||||||
% of net assets reads each position against stockholders’ equity as of Q1 FY2026 — on a levered book, a position is a larger share of the equity that absorbs losses than of portfolio fair value.
This page is the public file — the Ledge adds
Borrower cross-reference
Search any borrower, see every BDC exposed to it.
Quarterly diffs
What entered and exited the book each quarter.
Book-structure risk
Senior-secured, floating-rate and PIK share — how the book is built.
Questions this page answers
How large is SuRo Capital Corp's portfolio?
SuRo Capital Corp reported $406M in portfolio fair value across 47 holdings and 30 unique borrowers as of its 2026-08-06 SEC filing.
Where does this data come from?
This data is parsed by Oxford Ledge from SuRo Capital Corp's Schedule of Investments in its SEC EDGAR filings. Fair values are the manager's own estimates as of the 2026-08-06 filing date.
About SuRo Capital Corp
SuRo Capital Corp (SSSS) 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. To qualify for pass-through tax treatment, they distribute at least 90% of their taxable investment income to shareholders, which is why BDC yields are often 8–12%. SuRo Capital Corp discloses its full loan portfolio through SEC filings.