SEC 13F Intelligence

Managers / Q1 2025 · 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
$245M
Q1 2025
Positions
23
Filings on Record
31
2019–present window
Filed
May 15, 2025
original filing

Summary

Northern Right Capital Management, L.P. reported $245M in U.S.-listed holdings across 23 positions for Q1 2025.

Its largest position, NWSA, represents 13.1% of the portfolio.

Compared with Q4 2024, the fund opened 4 new positions and exited 5.

Portfolio Metrics

Turnover
+15.6%
vs prior filed quarter
Top-10 Concentration
+71.8%
share of reported value
Largest Position
+13.1%
News
New / Exited
4 / 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, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. 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: 81.0%REIT: 9.9%MLP: 4.7%Other: 4.4%
  • Common Stock · 81.0% · $198M
  • REIT · 9.9% · $24M
  • MLP · 4.7% · $11M
  • Other · 4.4% · $11M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2024 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CARTMAPLEBEAR INCNEW+362.6K362.6K+$14M$14M
HOODROBINHOOD MKTS INCNEW+127.2K127.2K+$5M$5M
VMEO*VIMEO INCNEW+775.0K775.0K+$4M$4M
BROOKFIELD RENEWABLE PARTNERNEW+39.3K39.3K+$870,046$870,046
TRUTRANSUNIONADDED+92.0K151.0K+$7M$13M
HHHHOWARD HUGHES HOLDINGS INCSOLD OUT−163.6K0−$13M$0
NEBIUS GROUP N.V. SHSSOLD OUT−155.9K0−$4M$0
MITTAG MTG INVT TR INCSOLD OUT−455.0K0−$3M$0

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

Holdings — Q1 2025

22 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NWSANEWS CORP NEWCL A · CL B13.08%$32M1.16M
2RITMRITHM CAPITAL CORPhistory →COM NEW9.91%$24M2.12M
3APOAPOLLO GLOBAL MGMT INChistory →COM9.53%$23M170.5K
4MSGEMADISON SQUARE GARDEN ENTMThistory →COM CL A6.39%$16M478.3K
5CARTMAPLEBEAR INChistory →COM5.90%$14M362.6K
60J7QIAC INChistory →COM NEW5.64%$14M300.7K
7TKOTKO GROUP HOLDINGS INChistory →CL A5.51%$14M88.4K
8TPBTURNING PT BRANDS INChistory →COM5.34%$13M220.2K
9ARESARES MANAGEMENT CORPORATIONhistory →CL A COM STK5.27%$13M88.1K
10PINSPINTEREST INChistory →CL A5.20%$13M410.6K
11TRUTRANSUNIONhistory →COM5.12%$13M151.0K
12FTAI AVIATION LTDSHS4.08%$10M90.0K
13GECCGREAT ELM CAP CORPhistory →COM NEW3.32%$8M798.5K
14GEGGREAT ELM GROUP INChistory →COM NEW3.27%$8M4.24M
15HUTHUT 8 CORPhistory →COM3.11%$8M656.3K
16HOODROBINHOOD MKTS INChistory →COM CL A2.16%$5M127.2K
17ETENERGY TRANSFER L Phistory →COM UT LTD PTN2.11%$5M278.0K
18VMEO*VIMEO INChistory →COMMON STOCK1.66%$4M775.0K
19EPDENTERPRISE PRODS PARTNERS Lhistory →COM1.46%$4M105.0K
20MPLXMPLX LPhistory →COM UNIT REP LTD1.12%$3M51.2K
21CORZCORE SCIENTIFIC INC NEWCOM0.44%$1M150.0K
22BROOKFIELD RENEWABLE PARTNERPARTNERSHIP UNIT0.36%$870,04639.3K

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 ↗.