SEC 13F Intelligence

Managers / Q4 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
$270M
Q4 2024
Positions
24
Filings on Record
31
2019–present window
Filed
Feb 14, 2025
original filing

Summary

Northern Right Capital Management, L.P. reported $270M in U.S.-listed holdings across 24 positions for Q4 2024.

Its largest position, APO, represents 13.3% of the portfolio.

Compared with Q3 2024, the fund opened 5 new positions and exited 8.

Portfolio Metrics

Turnover
+22.9%
vs prior filed quarter
Top-10 Concentration
+73.9%
share of reported value
Largest Position
+13.3%
Apollo Global Mgmt
New / Exited
5 / 8
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: 76.8%REIT: 10.0%Other: 9.1%MLP: 4.1%
  • Common Stock · 76.8% · $208M
  • REIT · 10.0% · $27M
  • Other · 9.1% · $25M
  • MLP · 4.1% · $11M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
TKOTKO GROUP HOLDINGS INCNEW+88.0K88.0K+$13M$13M
CORZCORE SCIENTIFIC INC NEWNEW+528.1K528.1K+$7M$7M
NEBIUS GROUP N.V. SHSNEW+155.9K155.9K+$4M$4M
EPDENTERPRISE PRODS PARTNERS L PNEW+105.0K105.0K+$3M$3M
MDXHEALTH SA SHS NEWNEW+103.8K103.8K+$245,933$245,933
TPBTURNING PT BRANDS INCADDED+104.9K134.4K+$7M$8M
MTCHMATCH GROUP INC NEWSOLD OUT−255.1K0−$10M$0
BYDBOYD GAMING CORPSOLD OUT−98.5K0−$6M$0

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

Holdings — Q4 2024

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1APOAPOLLO GLOBAL MGMT INChistory →COM13.26%$36M217.1K
2NWSANEWS CORP NEWCL A · CL B11.97%$32M1.16M
3RITMRITHM CAPITAL CORPhistory →COM NEW8.84%$24M2.21M
4FTAI AVIATION LTDSHS7.46%$20M140.0K
5ARESARES MANAGEMENT CORPORATIONhistory →CL A COM STK6.82%$18M104.3K
60J7QIAC INChistory →COM NEW6.14%$17M384.9K
7PINSPINTEREST INChistory →CL A6.12%$17M571.1K
8MSGEMADISON SQUARE GARDEN ENTMThistory →COM CL A5.41%$15M411.0K
9HHHHOWARD HUGHES HOLDINGS INChistory →COM4.65%$13M163.6K
10TKOTKO GROUP HOLDINGS INChistory →CL A4.62%$13M88.0K
11HUTHUT 8 CORPhistory →COM3.45%$9M455.0K
12GECCGREAT ELM CAP CORPhistory →COM NEW3.24%$9M1.04M
13TPBTURNING PT BRANDS INChistory →COM2.99%$8M134.4K
14GEGGREAT ELM GROUP INChistory →COM NEW2.84%$8M4.24M
15CORZCORE SCIENTIFIC INC NEWhistory →CL A2.74%$7M528.1K
16TRUTRANSUNIONhistory →COM2.02%$5M59.0K
17ETENERGY TRANSFER L Phistory →COM UT LTD PTN2.01%$5M278.0K
18NEBIUS GROUP N.V. SHSCLASS A1.60%$4M155.9K
19EPDENTERPRISE PRODS PARTNERS L Phistory →COM1.22%$3M105.0K
20MITTAG MTG INVT TR INChistory →COM NEW1.12%$3M455.0K
21MPLXMPLX LPCOM UNIT REP LTD0.91%$2M51.2K
22MDXHEALTH SA SHS NEWNew0.09%$245,933103.8K

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 ↗.