RWAYNasdaqFiscal year ends December 31Also trades as RWAYI, RWAYL, RWAYM
Runway Growth Finance Corp.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$6.24−0.09 (-1.42%)
Close on Oct 19, 2026
- Market cap
- $262.55M
- P/E (TTM)
- 56.7
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
21M
Shares held, 13F filers
Institutional holders
97
31 new, 16 sold out
Net institutional buying
-0M
In Q2 2026
Insider trades, 12 months
9 buys · 2 sales
Net sold $14.74M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| OCM Growth Holdings LLC | 7,029,668 | 16.55% | 13D (active) amendment | May 7, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of RWAY | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Oaktree Capital Management LP | 7,029,667 | – | $39.44M | – | 0.55% |
| Sound Income Strategies, LLC | 2,003,042 | – | $11.24M | +159,810 | 0.50% |
| Ares Management LLC | 1,517,179 | – | $8.51M | +339,356 | 0.37% |
| HighTower Advisors, LLC | 1,343,131 | – | $7.53M | −51,449 | 0.01% |
| Bulldog Investors, LLP | 1,019,054 | – | $5.72M | −181,075 | 1.26% |
| North Ground Capital | 728,000 | – | $4.08M | −233,326 | 4.90% |
| Allium Financial Advisors, LLC | 715,665 | – | $4.01M | −60,140 | 2.63% |
| Franklin Resources Inc | 573,697 | – | $3.22M | +33,947 | 0.00% |
| Summit Financial, LLC | 543,246 | – | $3.05M | +15,255 | 0.03% |
| Alpine Global Management, LLC | 500,192 | – | $2.81M | −181,059 | 0.46% |
| Morgan Stanley | 486,912 | – | $2.73M | +276,118 | 0.00% |
| O'Shaughnessy Asset Management, LLC | 431,542 | – | $2.42M | +147,532 | 0.01% |
| Legal & General Group Plc | 278,034 | – | $1.56M | – | 0.00% |
| Sbe LLC Dba Cedar Cove Wealth Partners | 275,536 | – | $1.55M | +57,369 | 0.73% |
| Man Group plc | 186,066 | – | $1.04M | +30,805 | 0.00% |
| Bank Of America Corp /De/ | 175,284 | – | $983.34K | New | 0.00% |
| Crewe Advisors LLC | 172,002 | – | $964.93K | – | 0.07% |
| UMB Bank, n.a. | 156,944 | – | $880.46K | +82,740 | 0.01% |
| Evanson Financial, LLC | 150,467 | – | $844.12K | New | 0.04% |
| Millennium Management LLC | 145,448 | – | $815.96K | New | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 97 | 21M | 31 / 30 | 21 / 16 | 2M | 2M |
| Q1 2026 | 83 | 21M | 20 / 28 | 22 / 20 | 3M | 3M |
| Q4 2025 | 84 | 21M | 14 / 31 | 26 / 16 | 3M | 3M |
| Q3 2025 | 89 | 21M | 19 / 28 | 27 / 7 | 3M | 3M |
| Q2 2025 | 78 | 20M | 13 / 32 | 22 / 20 | 2M | 3M |
| Q1 2025 | 85 | 22M | 18 / 26 | 24 / 12 | 4M | 3M |
| Q4 2024 | 81 | 21M | 28 / 31 | 15 / 10 | 4M | 2M |
| Q3 2024 | 64 | 18M | 15 / 22 | 16 / 13 | 1M | 2M |
| Q2 2024 | 64 | 19M | 14 / 24 | 21 / 16 | 2M | 6M |
| Q1 2024 | 68 | 24M | 19 / 24 | 22 / 20 | 2M | 3M |
| Q4 2023 | 70 | 25M | 25 / 28 | 13 / 8 | 4M | 6M |
| Q3 2023 | 53 | 26M | 9 / 25 | 8 / 5 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of RWAY | Value | % of fund | As of |
|---|---|---|---|---|---|
| Putnam BDC Income ETF | 593,010 | – | $3.24M | 1.14% | Jul 31, 2026 |
| Virtus Private Credit Strategy ETF | 121,023 | – | $660.79K | 2.18% | Jul 31, 2026 |
| Mercer Opportunistic Fixed Income Fund | 94,794 | – | $531.79K | 0.03% | Jun 30, 2026 |
| Novatide Flexible Allocation ETF | 47,632 | – | $308.18K | 1.43% | May 31, 2026 |
| Sound Enhanced Fixed Income ETF | 46,333 | – | $299.77K | 0.75% | May 31, 2026 |
| Fidelity Nasdaq Composite Index Fund | 22,004 | – | $142.37K | 0.00% | May 31, 2026 |
| Catalyst/SMH Total Return Income Fund | 14,000 | – | $78.54K | 0.38% | Jun 30, 2026 |
| Victory Extended Market Index Fund | 4,029 | – | $22.00K | 0.00% | Jul 31, 2026 |
| Nuveen Life Stock Index Fund | 248 | – | $1.39K | 0.00% | Jun 30, 2026 |
| TIAA Separate Account VA-1 - Stock Index Account | 44 | – | $247 | 0.00% | Jun 30, 2026 |
| Vanguard Russell 2000 Index Fund | 2 | – | $10 | 0.00% | May 31, 2026 |
| Dimensional US Core Equity 1 ETF | 1 | – | $5 | 0.00% | Jul 31, 2026 |
| Dimensional US Vector Equity ETF | 1 | – | $5 | 0.00% | Jul 31, 2026 |
| SIMT Multi-Strategy Alternatives Fund | -38,128 | – | -$213.90K | -0.09% | Jun 30, 2026 |
| Militia Long/Short Equity ETF | -717,614 | – | -$4.64M | -1.26% | May 29, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| R. David Spreng | President and Co-CEO, Director | 235,875 | Aug 18, 2026 |
| Michael Rovner | Co-Chief Executive Officer | 7,000 | Sep 10, 2026 |
| Carmela Thomson | CFO, Treasurer and Secretary | 12,840 | Aug 17, 2026 |
| Thomas B. Raterman | CFO, COO | 245,884 | May 27, 2026 |
| Edward J. Goldthorpe | Director | 10,000 | Sep 22, 2026 |
| Jennifer K. Chou | Director | 0 | Mar 21, 2025 |
| Alexander Duka | Director | 0 | Mar 21, 2025 |
| Robert Herman Warshauer | Director | 0 | Mar 21, 2025 |
| Catherine Frey | Director | 0 | Feb 3, 2025 |
| Clint Duane Carlson | 10% owner | – | Apr 13, 2026 |
| Carlson Capital, L.P. | 10% owner | 4,519,169 | Apr 13, 2026 |
| Growth Holdings LLC OCM | 10% owner | 8,279,668 | Nov 19, 2025 |
| Oaktree Capital Group Holdings GP, LLC | 10% owner | 7,029,668 | Nov 19, 2025 |
| Oaktree Capital Holdings, LLC | 10% owner | 8,779,668 | Nov 19, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Edward J. Goldthorpe Director | Sep 22, 2026 | Buy | +6,251 | $6.76 | $42.26K | 10,000 |
| Edward J. Goldthorpe Director | Sep 21, 2026 | Buy | +3,749 | $6.72 | $25.19K | 3,749 |
| Michael Rovner Co-Chief Executive Officer | Sep 9, 2026 | Buy | +7,000 | $6.57 | $45.99K | 7,000 |
| R. David Spreng President and Co-CEO, Director | Aug 14, 2026 | Buy | +1,000 | $6.89 | $6.89K | 194,504 |
| Carmela Thomson CFO, Treasurer and Secretary | Aug 13, 2026 | Buy | +8,000 | $6.97 | $55.76K | 12,840 |
| R. David Spreng President and CEO, Director | May 20, 2026 | Buy | +3,000 | $6.37 | $19.11K | 193,504 |
| Thomas B. Raterman CFO, COO | May 20, 2026 | Buy | +7,000 | $6.34 | $44.38K | 98,359 |
| R. David Spreng President, CEO and CIO, Director | May 20, 2026 | Award | +3,000 | $6.37 | $19.11K | 193,504 |
| Thomas B. Raterman CFO, COO | May 20, 2026 | Award | +7,000 | $6.34 | $44.38K | 98,359 |
| Thomas B. Raterman CFO, COO | May 14, 2026 | Buy | +2,900 | $6.67 | $19.34K | 91,259 |
| Thomas B. Raterman CFO, COO | May 14, 2026 | Buy | +100 | $6.67 | $667 | 91,359 |
| Thomas B. Raterman CFO, COO | May 14, 2026 | Award | +100 | $6.67 | $667 | 91,359 |
| Thomas B. Raterman CFO, COO | May 14, 2026 | Award | +2,900 | $6.67 | $19.34K | 91,260 |
| Carlson Capital, L.P. 10% owner | Apr 9, 2026 | Sale | −560,105 | $6.59 | $3.69M | 3,885,000 |
| Oaktree Capital Group Holdings GP, LLC 10% owner | Nov 17, 2025 | Sale | −1,250,000 | $9.05 | $11.31M | 7,029,668 |
| Growth Holdings LLC OCM 10% owner | Aug 8, 2025 | Sale | −500,000 | $10.80 | $5.40M | 8,279,668 |
| Oaktree Capital Holdings, LLC 10% owner | Jul 1, 2025 | Sale | −1,000,000 | $10.45 | $10.45M | 8,779,668 |
| Oaktree Capital Group Holdings GP, LLC 10% owner | Apr 1, 2025 | Sale | −1,000,000 | $10.35 | $10.35M | 9,779,668 |
| R. David Spreng President and CEO, Director | Mar 28, 2025 | Other | −61,985.92 | $10.75 | $666.35K | 147,525 |
| R. David Spreng President and CEO, Director | Mar 28, 2025 | Other | +30,636.67 | $10.75 | $329.34K | 101,169 |
| Thomas B. Raterman See Remarks | Mar 28, 2025 | Other | −61,985.92 | $10.75 | $666.35K | 147,525 |
| Thomas B. Raterman See Remarks | Mar 28, 2025 | Other | +18,437.6 | $10.75 | $198.20K | 45,879 |
| R. David Spreng President and CEO, Director | Dec 19, 2024 | Buy | +1,000 | $10.34 | $10.34K | 70,532 |
| Thomas B. Raterman See Remarks | Nov 20, 2024 | Buy | +8,803 | $10.18 | $89.61K | 209,511 |
| R. David Spreng President and CEO, Director | Nov 20, 2024 | Buy | +8,803 | $10.18 | $89.61K | 209,511 |
| Thomas B. Raterman See Remarks | Nov 19, 2024 | Buy | +13,187 | $10.10 | $133.19K | 200,708 |
| R. David Spreng President and CEO, Director | Nov 19, 2024 | Buy | +13,187 | $10.10 | $133.19K | 200,708 |
| Thomas B. Raterman See Remarks | Nov 18, 2024 | Buy | +7,556 | $10.12 | $76.47K | 187,521 |
| R. David Spreng President and CEO, Director | Nov 18, 2024 | Buy | +7,556 | $10.12 | $76.47K | 187,521 |
| R. David Spreng President and CEO, Director | Aug 14, 2024 | Buy | +5,000 | $10.17 | $50.85K | 69,532 |
| Thomas B. Raterman See Remarks | Aug 13, 2024 | Buy | +5,000 | $10.08 | $50.40K | 27,441 |
| Growth Holdings LLC OCM Director, 10% owner | Jun 10, 2024 | Sale | −400,000 | $11.90 | $4.76M | 10,779,668 |
| Corp /ON/ BROOKFIELD Director, 10% owner | May 14, 2024 | Sale | −4,312,500 | $11.50 | $49.59M | 11,179,668 |
| R. David Spreng President and CEO, Director | Mar 21, 2024 | Buy | +5,000 | $11.88 | $59.40K | 64,532 |
| Brookfield Oaktree Holdings, LLC Director, 10% owner | Mar 18, 2024 | Sale | −1,000,000 | $11.33 | $11.33M | 15,492,168 |
| R. David Spreng President and CEO, Director | Mar 14, 2024 | Buy | +20,460 | $11.61 | $237.54K | 179,965 |
| Thomas B. Raterman See Remarks | Mar 14, 2024 | Buy | +20,460 | $11.61 | $237.54K | 179,965 |
| Growth Holdings LLC OCM Director, 10% owner | Dec 18, 2023 | Sale | −12,365 | $12.76 | $157.78K | 16,492,168 |
| Growth Holdings LLC OCM Director, 10% owner | Dec 15, 2023 | Sale | −237,635 | $12.69 | $3.02M | 16,504,533 |
| Growth Holdings LLC OCM Director, 10% owner | Dec 12, 2023 | Sale | −562,500 | $12.06 | $6.78M | 16,742,168 |
| R. David Spreng President and CEO, Director | Nov 27, 2023 | Buy | +8,022 | $12.80 | $102.68K | 152,805 |
| Thomas B. Raterman See Remarks | Nov 27, 2023 | Buy | +8,022 | $12.80 | $102.68K | 152,805 |
| Thomas B. Raterman See Remarks | Nov 22, 2023 | Buy | +9,662 | $12.64 | $122.13K | 144,783 |
| R. David Spreng President and CEO, Director | Nov 22, 2023 | Buy | +9,662 | $12.64 | $122.13K | 144,783 |
| Thomas B. Raterman See Remarks | Nov 21, 2023 | Buy | +7,689 | $12.53 | $96.34K | 135,121 |
| R. David Spreng President and CEO, Director | Nov 21, 2023 | Buy | +7,689 | $12.53 | $96.34K | 135,121 |
| R. David Spreng President and CEO, Director | Nov 20, 2023 | Buy | +7,500 | $12.39 | $92.93K | 127,432 |
| Thomas B. Raterman See Remarks | Nov 20, 2023 | Buy | +7,500 | $12.39 | $92.93K | 127,432 |
| R. David Spreng President and CEO, Director | Nov 17, 2023 | Buy | +6,600 | $12.29 | $81.11K | 119,932 |
| Thomas B. Raterman See Remarks | Nov 17, 2023 | Buy | +6,600 | $12.29 | $81.11K | 119,932 |
| Oaktree Opportunities Fund Xb Holdings (Delaware), L.P. Director, 10% owner | Nov 13, 2023 | Sale | −3,750,000 | $12.06 | $45.23M | 17,304,668 |
| Oaktree Opportunities Fund Xb Holdings (Delaware), L.P. Director, 10% owner | Nov 13, 2023 | Sale | −3,750,000 | $12.06 | $45.23M | 17,304,668 |
| R. David Spreng President and CEO, Director | Jun 6, 2023 | Buy | +125 | $12.47 | $1.56K | 56,103 |
| Thomas B. Raterman See Remarks | May 12, 2023 | Buy | +2,500 | $10.74 | $26.85K | 22,181 |
| Brookfield OCM Holdings, LLC 10% owner | Mar 29, 2023 | Sale | −50,256 | $11.94 | $600.06K | 21,054,667 |
| US Holdings Inc. Brookfield 10% owner | Mar 29, 2023 | Sale | −50,256 | $11.94 | $600.06K | 21,054,667 |
| Brookfield OCM Holdings, LLC 10% owner | Mar 28, 2023 | Sale | −24,744 | $11.96 | $295.94K | 21,104,923 |
| US Holdings Inc. Brookfield 10% owner | Mar 28, 2023 | Sale | −24,744 | $11.96 | $295.94K | 21,104,923 |
| R. David Spreng President and CEO, Director | Mar 17, 2023 | Buy | +5,000 | $11.43 | $57.15K | 55,978 |
| Thomas B. Raterman See Remarks | Mar 16, 2023 | Buy | +3,000 | $11.35 | $34.05K | 19,681 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Growth Holdings LLC OCM Owner | Nov 17, 2025 | 1,250,000 | $12.31M | Nov 17, 2025 | Pre-IPO Private Placement |
| Growth Holdings LLC OCM Director, Owner | Jun 10, 2024 | 400,000 | $4.86M | Jun 10, 2024 | Private Placement |
| Growth Holdings LLC OCM Owner, Director | Mar 18, 2024 | 1,000,000 | $11.82M | Mar 18, 2024 | Private Placement |
| Growth Holdings LLC OCM Owner, Director | Dec 20, 2023 | 155,000 | $1.96M | Dec 20, 2023 | Private Placement |
| Growth Holdings LLC OCM Owner, Director | Dec 14, 2023 | 250,000 | $3.14M | Dec 14, 2023 | Private Placement |