Latest Northern Right Capital Management, L.P. Stock Portfolio

Northern Right Capital Management, L.P. Performance:

2025 Q3: 0.71%YTD: 4.12%2024: 10.53%

Performance for 2025 Q3 is 0.71%, and YTD is 4.12%, and 2024 is 10.53%.

About Northern Right Capital Management, L.P. and 13F Hedge Fund Stock Holdings

Northern Right Capital Management, L.P. is a hedge fund based in DARIEN, CT. On 31-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $380.7 Millions. In it's latest 13F Holdings report, Northern Right Capital Management, L.P. reported an equity portfolio of $323.1 Millions as of 30 Sep, 2025.

The top stock holdings of Northern Right Capital Management, L.P. are NWS, , . The fund has invested 11.1% of it's portfolio in NEWS CORP NEW and 7.7% of portfolio in HOWARD HUGHES HOLDINGS INC.

The fund managers got completely rid off CORE SCIENTIFIC INC NEW, IAC INC (IAC) and TRANSUNION (TRU) stocks. They significantly reduced their stock positions in MAPLEBEAR INC, ENERGY TRANSFER L P (ET) and MPLX LP (MPLX). Northern Right Capital Management, L.P. opened new stock positions in NORWEGIAN CRUISE LINE HLDG L (NCLH), DIGITALBRIDGE GROUP INC (DBRG) and FOX CORP (FOX). The fund showed a lot of confidence in some stocks as they added substantially to PINTEREST INC (PINS), RITHM CAPITAL CORP (RITM) and MADISON SQUARE GARDEN ENTMT (MSGE).

Northern Right Capital Management, L.P. Annual Return Estimates Vs S&P 500

Our best estimate is that Northern Right Capital Management, L.P. made a return of 0.71% in the last quarter. In trailing 12 months, it's portfolio return was 1.46%.

New Buys

Ticker	$ Bought
norwegian cruise line hldg l	19,476,400
digitalbridge group inc	16,189,600
fox corp	13,017,800
echostar corp	11,072,200
vertiv holdings co	8,853,070
centuri holdings inc	6,798,300
duos technologies group inc	5,723,330
smartrent inc	3,738,640

New stocks bought by Northern Right Capital Management, L.P.

Additions

Ticker	% Inc.
pinterest inc	275
rithm capital corp	33.65
madison square garden entmt	20.02
brookfield renewable partner	18.56
howard hughes holdings inc	15.72
tko group holdings inc	15.65
news corp new	12.57
news corp new	11.96

Additions to existing portfolio by Northern Right Capital Management, L.P.

Reductions

Ticker	% Reduced
maplebear inc	-93.77
hut 8 corp	-29.53
energy transfer l p	-16.61
mplx lp	-7.58

Northern Right Capital Management, L.P. reduced stake in above stock

Sold off

Ticker	$ Sold
core scientific inc new	-29,418,800
ftai infrastructure inc	-5,464,620
iac inc	-21,224,400
cipher mining inc	-846,060
transunion	-14,158,400
mgm resorts international	-4,921,450
turning pt brands inc	-4,614,010
potbelly corp	-589,801

Northern Right Capital Management, L.P. got rid off the above stocks

Sector Distribution

Northern Right Capital Management, L.P. has about 32.2% of it's holdings in Others sector.

Sector	%
Others	32.2
Communication Services	23.2
Consumer Cyclical	12.7
Real Estate	11
Financial Services	9.9
Technology	6.4
Industrials	2.7
Energy	2

Market Cap. Distribution

Northern Right Capital Management, L.P. has about 32.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
UNALLOCATED	32.2
LARGE-CAP	32.1
MID-CAP	20.4
SMALL-CAP	7.8
MICRO-CAP	5.7
NANO-CAP	1.8

Stocks belong to which Index?

About 39% of the stocks held by Northern Right Capital Management, L.P. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	61.1
S&P 500	22.7
RUSSELL 2000	16.3

Top 5 Winners (%)		%
GEG	great elm group inc	18.4 %
MSGE	madison square garden entmt	10.8 %
NWS	news corp new	3.0 %
RITM	rithm capital corp	0.7 %
NWS	news corp new	0.6 %

Top 5 Winners ($)		$
MSGE	madison square garden entmt	2.1 M
GEG	great elm group inc	1.6 M
NWS	news corp new	1.0 M
RITM	rithm capital corp	0.1 M
NWS	news corp new	0.0 M

Top 5 Losers (%)		%
ARES	ares management corporation	-7.7 %
GECC	great elm cap corp	-6.0 %
ET	energy transfer l p	-5.3 %
MPLX	mplx lp	-3.0 %
PINS	pinterest inc	-3.0 %

Top 5 Losers ($)		$
ARES	ares management corporation	-1.1 M
PINS	pinterest inc	-0.6 M
GECC	great elm cap corp	-0.5 M
ET	energy transfer l p	-0.3 M
MPLX	mplx lp	-0.1 M

Northern Right Capital Management, L.P. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Northern Right Capital Management, L.P.

Northern Right Capital Management, L.P. has 24 stocks in it's portfolio. About 70.5% of the portfolio is in top 10 stocks. ARES proved to be the most loss making stock for the portfolio. MSGE was the most profitable stock for Northern Right Capital Management, L.P. last quarter.

Last Reported on: 14 Nov, 2025

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
ARES	ares management corporation	4.17	84,205	13,463,500	unchanged	0.00

CIFR	cipher mining inc	0.00	0.00	0.00	sold off	-100

DBRG	digitalbridge group inc	5.01	1,383,720	16,189,600	new

DUOT	duos technologies group inc	1.77	777,626	5,723,330	new

ET	energy transfer l p	1.23	231,821	3,978,050	reduced	-16.61

FIP	ftai infrastructure inc	0.00	0.00	0.00	sold off	-100

FOX	fox corp	4.03	227,226	13,017,800	new

GECC	great elm cap corp	2.48	798,471	8,000,680	unchanged	0.00

GEG	great elm group inc	3.22	4,243,170	10,395,800	unchanged	0.00

IAC	iac inc	0.00	0.00	0.00	sold off	-100

MGM	mgm resorts international	0.00	0.00	0.00	sold off	-100

MPLX	mplx lp	0.73	47,350	2,365,130	reduced	-7.58

MSGE	madison square garden entmt	6.66	475,942	21,531,600	added	20.02

NCLH	norwegian cruise line hldg l	6.03	790,760	19,476,400	new

NWS	news corp new	11.09	1,167,370	35,850,000	added	12.57

NWS	news corp new	1.50	140,459	4,852,860	added	11.96

PBPB	potbelly corp	0.00	0.00	0.00	sold off	-100

PINS	pinterest inc	6.58	661,096	21,267,500	added	275

RITM	rithm capital corp	5.98	1,698,000	19,340,300	added	33.65

SATS	echostar corp	3.43	145,000	11,072,200	new