MEDIUMOutside partyCustomer
limited number of portfolio companies
“10-K Item 1A: 'Our portfolio contains a limited number of portfolio companies, some of which comprise a substantial percentage of our portfolio'”
PSEC · Concentration risk · 10-K extracted
Prospect Capital (PSEC) concentration risks
Updated
The most significant concentration Prospect Capital discloses is limited number of portfolio companies, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Prospect Capital’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Prospect Capital's concentration risk stems from portfolio construction rather than a single customer or supplier relationship: the company discloses that its portfolio contains a limited number of portfolio companies, some of which comprise a substantial percentage of the total portfolio. As a business development company, this is best read as a dependency-type exposure — the fortunes of a handful of portfolio investments can disproportionately influence overall portfolio performance, credit losses, and net asset value. No specific percentage or named portfolio company is disclosed, so the exact magnitude cannot be pinned down beyond the qualitative characterization, but the filing does flag this as a real feature of the current holdings rather than a purely theoretical risk. Because BDCs by design invest in a finite number of positions, this concentration is somewhat inherent to the model, though the degree can vary meaningfully across BDCs and over time. For an investor, the key implication is that portfolio company-specific credit events — rather than broad economic conditions alone — could have an outsized effect on returns, given the acknowledged concentration among a limited set of holdings.
For the engine’s reasoning on PSEC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Asset Management
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AAMI | Acadian Asset Management Inc. | 1 | 2 | 1 | 4 |
| ALTI | AlTi Global, Inc. | 1 | 0 | 0 | 1 |
| AMP | Ameriprise Financial, Inc. | 0 | 1 | 0 | 1 |
| PSEC● | Prospect Capital Corporation | 0 | 1 | 0 | 1 |
| AB | AllianceBernstein Holding L.P. | 0 | 0 | 1 | 1 |
| AMG | Affiliated Managers Group, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.