Suro Capital Stock Price, News & Analysis

SuRo Capital Corp. (Nasdaq: SSSS) is a publicly traded investment fund in the finance and insurance sector that focuses on the securities and commodity exchanges industry. The company’s stated objective is to invest in high-growth, venture-backed private companies and to create a portfolio of emerging private businesses using a repeatable and disciplined investment approach. Through its publicly traded common stock, SuRo Capital aims to provide investors with access to these high-growth private companies before they become publicly traded.

According to its public disclosures, SuRo Capital seeks to build a portfolio of high-growth emerging private companies and describes itself as the public’s gateway to venture capital. By holding positions in multiple portfolio companies, the fund offers exposure to a range of private businesses that might otherwise be accessible only to institutional or accredited investors. SuRo Capital’s shares trade on the Nasdaq Global Select Market under the symbol SSSS, and the company is incorporated in Maryland.

SuRo Capital’s portfolio spans several high-growth areas. The company reports that its diverse holdings include sectors such as AI infrastructure, emerging consumer brands, and software solutions for both consumer and enterprise markets. In its recent communications, SuRo Capital has highlighted investments tied to artificial intelligence and AI infrastructure, as well as digital assets and fintech platforms. Examples referenced in its press releases include exposure to CoreWeave, OpenAI (through ARK Type One Deep Ventures Fund LLC), Plaid, HL Digital Assets Inc. (which invests in HYPE, the digital token of Hyperliquid), and other venture-backed companies.

SuRo Capital emphasizes a conviction-driven, research-led investment approach. The company has disclosed that its performance in recent periods has been driven by recognition of the value created by AI and AI infrastructure companies. It has also reported activity in emerging consumer brands and software-focused businesses, reflecting a focus on technology-enabled and growth-oriented sectors. The fund’s portfolio includes both privately held and publicly held positions, some of which may be subject to restrictions or lock-up provisions.

In addition to its investment activities, SuRo Capital has described itself as using disciplined realizations and reinvestment to support long-term value creation for shareholders. The company has reported realizing gains from positions such as CoreWeave and other portfolio liquidity events and has disclosed that it uses these realizations, in part, to fund cash dividends and distributions. SuRo Capital has also discussed the use of share repurchase programs and note repurchase programs, as permitted under the Investment Company Act of 1940 and the Securities Exchange Act of 1934, to manage its capital structure.

SuRo Capital is headquartered in New York, New York, and has an office in San Francisco, California. The company’s filings and press releases note that it operates as a non-diversified closed-end management investment company and that it seeks to maximize its portfolio’s total return, principally by seeking capital gains on its equity and equity-related investments. Its common stock and certain notes (6.00% Notes due 2026) are registered for trading on the Nasdaq Global Select Market.

SuRo Capital regularly reports on its net asset value (NAV), portfolio composition, and investment activity through quarterly and preliminary updates. These updates typically include the number of portfolio companies, the mix of privately and publicly held positions, and the concentration of its largest holdings. The company has highlighted that its top investments, at various reporting dates, have included interests in CoreWeave (via CW Opportunity 2 LP), OpenAI (via ARK Type One Deep Ventures Fund LLC), Whoop, Learneo, and other venture-backed businesses.

For investors researching SSSS stock, SuRo Capital represents a way to gain exposure to a curated portfolio of high-growth, venture-backed private companies, particularly in AI infrastructure, digital infrastructure, fintech, and other technology-enabled sectors, through a single publicly traded security.

Business model and investment focus

SuRo Capital’s business model, as described in its public materials, centers on investing in high-growth, venture-backed private companies and seeking capital gains on equity and equity-related investments. The company aims to construct a portfolio of emerging private companies and to offer investors access to these companies through its listed common stock. It characterizes its approach as conviction-driven and research-led, focusing on companies it views as category-defining or transformative.

The fund has disclosed that it invests directly in companies and also through special purpose vehicles (SPVs) and investment funds. Examples include CW Opportunity 2 LP, which is solely invested in the Class A Common Shares of CoreWeave, Inc., and ARK Type One Deep Ventures Fund LLC, which is solely invested in the Convertible Interest Rights of OpenAI Global, LLC. SuRo Capital has also reported investing through an SPV structure in Plaid Inc. via 1789 Capital Nirvana II LP and in TensorWave, Inc. via Magnetar Opportunity 2025-4 LP.

SuRo Capital’s portfolio updates show that it holds positions across multiple sectors, with particular emphasis on AI infrastructure, digital infrastructure, fintech, emerging consumer brands, and software solutions. The company has highlighted investments in AI-related infrastructure providers, decentralized cryptocurrency exchanges (through HL Digital Assets Inc. and Hyperliquid’s HYPE token exposure), and technology platforms that connect financial applications and consumers.

Capital allocation, distributions, and repurchase programs

SuRo Capital’s disclosures indicate that it uses portfolio realizations and liquidity events to support shareholder distributions. The company’s Board of Directors has declared cash dividends per share in multiple periods, funded by realized gains and portfolio liquidity events, including monetizations of public securities such as CoreWeave and other holdings. SuRo Capital notes that the date and amount of any distributions are subject to the sole discretion of its Board of Directors and that distributions are generally taxable to stockholders, with final tax character reported on Form 1099-DIV after year-end.

The company has also implemented share repurchase and note repurchase programs. Under its Share Repurchase Program, SuRo Capital may repurchase its outstanding common stock in the open market, subject to its insider trading policies and applicable provisions of the 1940 Act and the Exchange Act. Since inception of the Share Repurchase Program, the company has reported repurchasing millions of shares for an aggregate purchase price in the tens of millions of dollars. Separately, SuRo Capital has authorized a discretionary note repurchase program for its 6.00% Notes due 2026, allowing repurchases of outstanding notes through open market purchases.

In addition, SuRo Capital has entered into a Note Purchase Agreement providing for the issuance of 6.50% Convertible Notes due 2029, with interest paid quarterly and the notes convertible into shares of common stock at a specified initial conversion rate, subject to adjustments and conditions. The company has disclosed that net proceeds from the convertible notes may be used to repay indebtedness, make investments consistent with its investment objective and strategy, and for general corporate purposes.

Regulatory status and exchange listing

SuRo Capital is incorporated in Maryland and is identified in SEC filings with a specific Commission File Number and Employer Identification Number. Its common stock, with a par value of $0.01 per share, trades on the Nasdaq Global Select Market under the symbol SSSS. The company also has 6.00% Notes due 2026 listed on the Nasdaq Global Select Market under the symbol SSSSL. SuRo Capital files periodic and current reports with the U.S. Securities and Exchange Commission, including Forms 10-K, 10-Q, and 8-K, which provide detailed information on its financial condition, portfolio, and material events.

Geographic footprint

SuRo Capital reports that it is headquartered in New York, New York, and maintains an office in San Francisco, California. This bi-coastal presence aligns with its focus on venture-backed companies and technology-driven sectors, though the company’s public materials do not enumerate specific geographic limits on its investment activities.

FAQs about SuRo Capital Corp. (SSSS)

• What does SuRo Capital Corp. do?
  

  SuRo Capital Corp. is a publicly traded investment fund that seeks to invest in high-growth, venture-backed private companies. It aims to build a portfolio of emerging private businesses and provide investors with access to these companies through its common stock.

• How does SuRo Capital describe its investment objective?
  

  The company states that its investment objective is to maximize its portfolio’s total return, principally by seeking capital gains on its equity and equity-related investments in high-growth, venture-backed private companies.

• In which sectors does SuRo Capital focus its investments?
  

  SuRo Capital reports that its portfolio encompasses high-growth sectors including AI infrastructure, emerging consumer brands, and software solutions for consumer and enterprise markets. It has also highlighted exposure to digital infrastructure, fintech platforms, and digital assets through specific investments.

• How can investors gain exposure to SuRo Capital’s portfolio?
  

  Investors can gain exposure to SuRo Capital’s portfolio by purchasing its publicly traded common stock, listed on the Nasdaq Global Select Market under the ticker symbol SSSS. The company describes itself as providing the public with access to venture-backed private companies via this listed security.

• Where is SuRo Capital headquartered?
  

  SuRo Capital reports that it is headquartered in New York, New York, and that it has an office in San Francisco, California.

• What types of companies are among SuRo Capital’s notable investments?
  

  Public materials from SuRo Capital reference exposure to companies and vehicles tied to CoreWeave, OpenAI (through ARK Type One Deep Ventures Fund LLC), Plaid, HL Digital Assets Inc. (which invests in HYPE, the digital token of Hyperliquid), and other high-growth, venture-backed businesses in AI infrastructure, fintech, and digital infrastructure.

• Does SuRo Capital pay dividends?
  

  SuRo Capital’s Board of Directors has declared cash dividends per share in multiple periods, funded by realized gains and portfolio liquidity events. The company notes that the declaration and amount of any future distributions are at the sole discretion of its Board and that distributions are generally taxable to stockholders.

• What is SuRo Capital’s legal and regulatory status?
  

  SuRo Capital is a Maryland corporation that operates as a non-diversified closed-end management investment company. Its common stock and certain notes are listed on the Nasdaq Global Select Market, and it files regular reports with the U.S. Securities and Exchange Commission.

• How does SuRo Capital access AI and AI infrastructure opportunities?
  

  The company has disclosed investments in vehicles such as CW Opportunity 2 LP, which holds CoreWeave shares, and ARK Type One Deep Ventures Fund LLC, which holds Convertible Interest Rights of OpenAI Global, LLC. It has also committed capital to Magnetar Opportunity 2025-4 LP, an SPV invested in TensorWave, Inc., which focuses on next-generation AI infrastructure.

• What role do share and note repurchase programs play at SuRo Capital?
  

  SuRo Capital has authorized share repurchase and note repurchase programs that allow it to buy back its common stock and certain outstanding notes in the open market, subject to regulatory requirements. These programs are part of the company’s disclosed approach to managing its capital structure alongside dividends and investment activity.