US / Listed BDC
Neostellar Capital
OpenAI / PRIVATE SHARES
16.66%
Net assets · 30 Jun 2026
Fair value: $59,300,000
Anthropic / PRIVATE SHARES
AnthropicNot established
Net assets · 30 Jun 2026
Meets the 5% screen at the cited valuation date.
PORTFOLIO / 30 Jun 2026
What the fund owns
Top five; weights recalculated on NAV.
Basis: Net assets
| Company / asset | Fair value (USD) | Allocation |
|---|---|---|
| $150,800,000 | 42.37% | |
OpenAI via ARK Type One | $59,300,000 | 16.66% |
| $34,000,000 | 9.55% | |
| $20,200,000 | 5.68% | |
| $17,100,000 | 4.80% |
Only disclosed positions or categories are shown. No missing allocation is labelled cash or “other” by inference. Rounding can prevent totals from equalling 100%.
CALCULATION & INTERPRETATION
How this allocation is established
Rounded $59.3m OpenAI vehicle fair value ÷ rounded $355.9m NAV × 100 ≈ 16.66%. The issuer’s 14.6% figure instead uses total investment portfolio fair value.
Full research methodologyCaveats that matter
- Formerly SuRo Capital / SSSS; now NSLR.
- Vehicle-level fees, company-level debt and concentration affect returns.
- The Class A vehicle is solely invested in OpenAI; do not count it again as a separate NSLR position.