SEC 13F Intelligence

Managers / Q1 2024 · 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
$278M
Q1 2024
Positions
30
Filings on Record
31
2019–present window
Filed
May 15, 2024
original filing

Summary

Northern Right Capital Management, L.P. reported $278M in U.S.-listed holdings across 30 positions for Q1 2024.

Its largest position, NWSA, represents 10.1% of the portfolio.

Compared with Q4 2023, the fund opened 9 new positions and exited 7.

Portfolio Metrics

Turnover
+17.7%
vs prior filed quarter
Top-10 Concentration
+62.6%
share of reported value
Largest Position
+10.1%
News
New / Exited
9 / 7
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: 85.2%Other: 7.3%REIT: 6.3%MLP: 1.3%
  • Common Stock · 85.2% · $237M
  • Other · 7.3% · $20M
  • REIT · 6.3% · $17M
  • MLP · 1.3% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2023 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TRUTRANSUNIONNEW+126.4K126.4K+$10M$10M
CARTMAPLEBEAR INCNEW+245.0K245.0K+$9M$9M
JACKJACK IN THE BOX INCNEW+102.7K102.7K+$7M$7M
YUMYUM BRANDS INCNEW+50.0K50.0K+$7M$7M
SPHRSPHERE ENTERTAINMENT CONEW+128.3K128.3K+$6M$6M
AL21VERADIGM INCNEW+450.0K450.0K+$3M$3M
ASTSAST SPACEMOBILE INCNEW+921.7K921.7K+$3M$3M
CHTRCHARTER COMMUNICATIONS INC NNEW+114114+$965,580$965,580

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

Holdings — Q1 2024

28 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NWSANEWS CORP NEWCL A · CL B11.36%$32M1.20M
2APOAPOLLO GLOBAL MGMT INChistory →COM8.89%$25M219.7K
30J7QIAC INChistory →COM NEW7.69%$21M400.8K
4MSGEMADISON SQUARE GARDEN ENTMThistory →COM CL A7.20%$20M510.3K
5ARESARES MANAGEMENT CORPORATIONhistory →CL A COM STK7.17%$20M149.9K
6MSGSMADISON SQUARE GRDN SPRT CORhistory →CL A6.07%$17M91.3K
7RITMRITHM CAPITAL CORPhistory →COM NEW4.45%$12M1.11M
8ERMENEGILDO ZEGNA N VORD SHS3.96%$11M750.7K
9TRUTRANSUNIONhistory →COM3.63%$10M126.4K
10FTAI AVIATION LTDSHS3.34%$9M137.9K
11CARTMAPLEBEAR INChistory →COM3.29%$9M245.0K
12GECCGREAT ELM CAP CORPhistory →COM NEW3.18%$9M798.5K
13GEGGREAT ELM GROUP INChistory →COM NEW2.90%$8M4.19M
14BYDBOYD GAMING CORPhistory →COM2.56%$7M105.8K
15JACKJACK IN THE BOX INChistory →COM2.53%$7M102.7K
16YUMYUM BRANDS INChistory →COM2.50%$7M50.0K
17INVNIDENTIV INChistory →COM NEW2.48%$7M870.6K
18MFICMIDCAP FINANCIAL INVSTMNT COhistory →COM NEW2.40%$7M442.4K
19SPHRSPHERE ENTERTAINMENT COhistory →CL A2.27%$6M128.3K
20MGMMGM RESORTS INTERNATIONALhistory →COM2.04%$6M120.1K
21UBERUBER TECHNOLOGIES INChistory →COM1.99%$6M71.8K
22MITTAG MTG INVT TR INChistory →COM NEW1.81%$5M823.7K
23ETENERGY TRANSFER L Phistory →COM UT LTD PTN1.27%$4M223.6K
24AL21VERADIGM INChistory →COM1.25%$3M450.0K
25SRTABLADE AIR MOBILITY INChistory →CL A COM1.23%$3M1.20M
26WEXWEX INChistory →COM1.04%$3M12.1K
27ASTSAST SPACEMOBILE INCCOM CL A0.96%$3M921.7K
28BZFDBUZZFEED INCCL A NEW0.19%$518,6251.11M

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 ↗.