SEC 13F Intelligence

Managers / Q3 2023 · view latest →

Northern Right Capital Management, L.P.

CIK 0001346543 · 9 OLD KINGS HWY. S., 4TH FLOOR, DARIEN, CT, 06820 · (203) 951-6084

Reported Value
$257M
Q3 2023
Positions
27
Filings on Record
31
2019–present window
Filed
Nov 14, 2023
original filing

Summary

Northern Right Capital Management, L.P. reported $257M in U.S.-listed holdings across 27 positions for Q3 2023.

Its largest position, APO, represents 11.4% of the portfolio.

Compared with Q2 2023, the fund opened 6 new positions and exited 5.

Portfolio Metrics

Turnover
+18.4%
vs prior filed quarter
Top-10 Concentration
+68.5%
share of reported value
Largest Position
+11.4%
Apollo Global Mgmt
New / Exited
6 / 5
positions this quarter

Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.

Reported Value by Quarter

13F Reported Value
Q4 ’18: $89MQ4 ’18Q1 ’19: $115MQ2 ’19: $113MQ3 ’19: $75MQ4 ’19: $106MQ4 ’19Q1 ’20: $69MQ2 ’20: $162MQ3 ’20: $191MQ4 ’20: $276MQ4 ’20Q1 ’21: $354MQ2 ’21: $342MQ3 ’21: $338MQ4 ’21: $330MQ4 ’21Q1 ’22: $231MQ2 ’22: $169MQ3 ’22: $189MQ4 ’22: $179MQ4 ’22Q1 ’23: $197MQ2 ’23: $248MQ3 ’23: $257MQ4 ’23: $250MQ4 ’23Q1 ’24: $278MQ2 ’24: $271MQ3 ’24: $269MQ4 ’24: $270MQ4 ’24Q1 ’25: $245MQ2 ’25: $292MQ3 ’25: $323MQ4 ’25: $381MQ4 ’25Q1 ’26: $281Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 93.5%Other: 3.4%REIT: 1.6%MLP: 1.4%
  • Common Stock · 93.5% · $240M
  • Other · 3.4% · $9M
  • REIT · 1.6% · $4M
  • MLP · 1.4% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NDAQNASDAQ INCNEW+185.0K185.0K+$9M$9M
MTCHMATCH GROUP INC NEWNEW+128.7K128.7K+$5M$5M
RHPRYMAN HOSPITALITY PPTYS INCNEW+50.3K50.3K+$4M$4M
4I1PHILIP MORRIS INTL INCNEW+35.0K35.0K+$3M$3M
EMKREUREMCORE CORPNEW+819.5K819.5K+$389,668$389,668
SIGASIGA TECHNOLOGIES INCNEW+34.5K34.5K+$181,283$181,283
MSGSMADISON SQUARE GRDN SPRT CORADDED+43.1K59.8K+$7M$11M
CELLEBRITE DI LTDSOLD OUT−1.23M0−$9M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2023

25 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1APOAPOLLO GLOBAL MGMT INChistory →COM11.40%$29M326.0K
20J7QIAC INChistory →COM NEW11.09%$28M564.9K
3UBERUBER TECHNOLOGIES INChistory →COM10.63%$27M593.6K
4NWSANEWS CORP NEWCL A · CL B8.75%$22M1.12M
5ARESARES MANAGEMENT CORPORATIONhistory →CL A COM STK6.75%$17M168.6K
6BYDBOYD GAMING CORPhistory →COM4.87%$12M205.4K
7MGMMGM RESORTS INTERNATIONALhistory →COM4.61%$12M321.9K
8MSGSMADISON SQUARE GRDN SPRT CORhistory →CL A4.11%$11M59.8K
9MSGEMADISON SQUARE GARDEN ENTMThistory →COM CL A3.81%$10M297.3K
10NDAQNASDAQ INChistory →COM3.50%$9M185.0K
11BXSLBLACKSTONE SECD LENDING FDhistory →COMMON STOCK3.48%$9M326.8K
12FTAI AVIATION LTDSHS3.41%$9M246.3K
13GEGGREAT ELM GROUP INChistory →COM NEW3.31%$8M3.97M
14GECCGREAT ELM CAP CORPhistory →COM NEW3.07%$8M798.5K
15INVNIDENTIV INChistory →COM NEW2.85%$7M865.5K
16PYPLPAYPAL HLDGS INChistory →COM2.62%$7M115.0K
17MFICMIDCAP FINANCIAL INVSTMNT COhistory →COM NEW2.37%$6M442.4K
18MTCHMATCH GROUP INC NEWhistory →COM1.96%$5M128.7K
19RHPRYMAN HOSPITALITY PPTYS INChistory →COM1.63%$4M50.3K
20ETENERGY TRANSFER L Phistory →COM UT LTD PTN1.44%$4M263.9K
214I1PHILIP MORRIS INTL INChistory →COM1.26%$3M35.0K
22SRTABLADE AIR MOBILITY INCCL A COM0.73%$2M722.3K
23DUOTDUOS TECHNOLOGIES GROUP INCCOM0.34%$868,063169.1K
24EMKREUREMCORE CORPCOM NEW0.15%$389,668819.5K
25SIGASIGA TECHNOLOGIES INCCOM0.07%$181,28334.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$281M25May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$381M27Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$323M24Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$292M24Aug 15, 2025RESTATEMENTchanges · EDGAR ↗
Q1 2025$245M23May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$270M24Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$269M27Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$271M29Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$278M30May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$250M28Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$257M27Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$248M26Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$197M21May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$179M20Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$189M24Nov 15, 202213F-HRchanges · EDGAR ↗
Q2 2022$169M21Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$231M31May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$330M79Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$338M87Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$342M79Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$354M87May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$276M55Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$191M41Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$162M29Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$69M20May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$106M24Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$75M16Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$113M22Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$115M19May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$89M14Feb 14, 201913F-HRchanges · EDGAR ↗

13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.