CION Investment (CION)

• Market cap: $531M
• 1 day: -1.18%
• 5 days: 1.73%
• 1 month: -3.19%
• 3 months: -12.18%
• 6 months: -14.94%
• Year to date: -12.41%
• 1 year: -12.49%
• 5 years: -15.44%
• 10 years: -15.44%
• Sector: Financials
• Industry: Asset Management

About: CION Invt Corp is an externally managed, non-diversified, closed-end management investment company that has elected to be regulated as a business development company. The Company's portfolio is comprised of investments in senior secured debt, including first lien loans, second lien loans, and unitranche loans, and, to a lesser extent, collateralized securities, structured products and other similar securities, unsecured debt, and equity, of private and thinly-traded U.S. middle-market companies. Its investment objective is to generate current income and, to a lesser extent, capital appreciation for investors.

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

197% more capital invested

Capital invested by funds: $205M [Q3] → $609M (+$404M) [Q4]

100% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 2 (+1) [Q4]

61% more call options, than puts

Call options by funds: $297K | Put options by funds: $184K

2.41% more ownership

Funds ownership: 33.88% [Q3] → 36.29% (+2.41%) [Q4]

9% more first-time investments, than exits

New positions opened: 25 | Existing positions closed: 23

0% more funds holding

Funds holding: 173 [Q3] → 173 (+0) [Q4]

12% less repeat investments, than reductions

Existing positions increased: 53 | Existing positions reduced: 60

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $9 10% downside
• Avg. target: $9 10% downside
• High target: $9 10% downside

1 analyst rating

• positive: 0 0%
• neutral: 0 0%
• negative: 1 100%

Wells Fargo Finian O'Shea 49% 1-year accuracy 29 / 59 met price target

10% downside $9

Underweight Maintained

28 Apr 2025