v3.26.1
SCHEDULE OF INVESTMENTS (Industry Composition of Portfolio At Fair Value) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Schedule of Investments [Line Items]    
Investments at Fair Value $ 276,763 [1] $ 331,071 [2],[3]
Percentage of Net Assets 257.51% 293.12%
Structured Finance    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 44,072 $ 47,899
Percentage of Net Assets 41.02% 42.44%
Technology    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 30,035 $ 31,550
Percentage of Net Assets 27.95% 27.93%
Specialty Finance    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 37,790 $ 38,462
Percentage of Net Assets 35.16% 34.05%
Chemicals    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 11,370 $ 19,359
Percentage of Net Assets 10.58% 17.14%
Insurance    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 18,575 $ 22,604
Percentage of Net Assets 17.28% 20.01%
Consumer Products    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 26,374 $ 24,174
Percentage of Net Assets 24.54% 21.40%
Food & Staples    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 13,288 $ 15,908
Percentage of Net Assets 12.36% 14.08%
Metals & Mining    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 8,392 $ 10,189
Percentage of Net Assets 7.81% 9.02%
Consumer Services    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 5,382 $ 10,113
Percentage of Net Assets 5.01% 8.95%
Industrial    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 13,521 $ 12,943
Percentage of Net Assets 12.58% 11.46%
Oil & Gas Exploration & Production    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 1,945 $ 3,817
Percentage of Net Assets 1.81% 3.38%
Transportation Equipment Manufacturing    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 5,928 $ 6,316
Percentage of Net Assets 5.52% 5.59%
Apparel    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 6,484 $ 5,572
Percentage of Net Assets 6.03% 4.93%
Energy Services    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 5,280 $ 5,393
Percentage of Net Assets 4.91% 4.77%
Credit Fund    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 4,184 $ 10,096
Percentage of Net Assets 3.89% 8.94%
Energy Midstream    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 2,941 $ 2,970
Percentage of Net Assets 2.74% 2.63%
Packaging    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 2,891 $ 4,025
Percentage of Net Assets 2.69% 3.56%
Closed-End Fund    
Schedule of Investments [Line Items]    
Investments at Fair Value   $ 899
Percentage of Net Assets   0.80%
Casinos & Gaming    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 3,852 $ 3,865
Percentage of Net Assets 3.58% 3.42%
Marketing Services    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 3,055 $ 3,073
Percentage of Net Assets 2.84% 2.72%
Restaurants    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 2,861 $ 3,056
Percentage of Net Assets 2.66% 2.71%
Financial Services    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 1,660 $ 2,834
Percentage of Net Assets 1.54% 2.51%
Business Services    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 3,864 $ 8,712
Percentage of Net Assets 3.60% 7.71%
Textiles    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 2,015 $ 1,954
Percentage of Net Assets 1.87% 1.73%
Environmental Services    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 1,999  
Percentage of Net Assets 1.86%  
Retail    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 1,415 $ 1,450
Percentage of Net Assets 1.32% 1.28%
Healthcare    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 990 $ 995
Percentage of Net Assets 0.92% 0.88%
Media    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 7,000 $ 40
Percentage of Net Assets 6.51% 0.04%
Short-Term Investments    
Schedule of Investments [Line Items]    
Investments at Fair Value $ 9,600 $ 32,803
Percentage of Net Assets 8.93% 29.04%
[1] As of period end, the aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost was $8,392; the aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value was $(79,860); the net unrealized depreciation was $(71,468); the aggregate cost of securities for Federal income tax purposes was $348,231.
[2] As of period end, the aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost was $11,467; the aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value was $80,177; the net unrealized depreciation was $(68,710); the aggregate cost of securities for Federal income tax purposes was $399,781.
[3] Great Elm Capital Corp.’s (the “Company”) investments are generally acquired in private transactions exempt from registration under the Securities Act, as amended (the “Securities Act”) and, therefore, are generally subject to limitations on resale, and may be deemed to be “restricted securities” under the Securities Act.