SEC 13F Intelligence

Managers / Q4 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
$381M
Q4 2025
Positions
27
Filings on Record
31
2019–present window
Filed
Feb 17, 2026
original filing

Summary

Northern Right Capital Management, L.P. reported $381M in U.S.-listed holdings across 27 positions for Q4 2025.

Its largest position, NWSA, represents 8.2% of the portfolio.

Compared with Q3 2025, the fund opened 6 new positions and exited 3.

Portfolio Metrics

Turnover
+18.7%
vs prior filed quarter
Top-10 Concentration
+66.7%
share of reported value
Largest Position
+8.2%
News
New / Exited
6 / 3
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: 83.6%Other: 9.2%REIT: 5.8%MLP: 1.4%
  • Common Stock · 83.6% · $318M
  • Other · 9.2% · $35M
  • REIT · 5.8% · $22M
  • MLP · 1.4% · $5M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
FTAI AVIATION LTDNEW+114.0K114.0K+$22M$22M
SRTASTRATA CRITICAL MEDICAL INCNEW+2.87M2.87M+$14M$14M
FLUTTER ENTMT PLCNEW+38.7K38.7K+$8M$8M
AIVAPARTMENT INVT & MGMT CONEW+363.0K363.0K+$2M$2M
LIONLIONSGATE STUDIOS CORPNEW+131.2K131.2K+$1M$1M
SSTISOUNDTHINKING INCNEW+92.3K92.3K+$740,848$740,848
BROOKFIELD RENEWABLE PARTNERADDED+85.8K162.4K+$2M$4M
PINSPINTEREST INCSOLD OUT−661.1K0−$21M$0

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

Holdings — Q4 2025

26 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NWSANEWS CORP NEWCL A · CL B9.30%$35M1.34M
2ECHOECHOSTAR CORPhistory →CL A7.37%$28M258.2K
3HUTHUT 8 CORPhistory →COM7.28%$28M603.2K
4DBRGDIGITALBRIDGE GROUP INChistory →CL A NEW7.08%$27M1.76M
5HHHHOWARD HUGHES HOLDINGS INChistory →COM7.06%$27M336.9K
6TKOTKO GROUP HOLDINGS INChistory →CL A7.04%$27M128.3K
7FOXFOX CORPhistory →CL B COM6.39%$24M374.6K
8FTAI AVIATION LTDSHS5.89%$22M114.0K
9ARESARES MANAGEMENT CORPORATIONhistory →CL A COM STK5.23%$20M123.3K
10RITMRITHM CAPITAL CORPhistory →COM NEW5.21%$20M1.82M
11MSGEMADISON SQUARE GARDEN ENTMThistory →COM CL A5.18%$20M366.4K
12APOAPOLLO GLOBAL MGMT INChistory →COM5.02%$19M132.1K
13CTRICENTURI HOLDINGS INChistory →COM SHS3.70%$14M557.9K
14SRTASTRATA CRITICAL MEDICAL INChistory →CL A COM3.62%$14M2.87M
15GEGGREAT ELM GROUP INChistory →COM NEW2.84%$11M4.24M
16DUOTDUOS TECHNOLOGIES GROUP INChistory →COM2.30%$9M777.6K
17FLUTTER ENTMT PLCSHS2.18%$8M38.7K
18SMRTSMARTRENT INChistory →COM CL A1.85%$7M3.48M
19GECCGREAT ELM CAP CORPhistory →COM NEW1.48%$6M798.5K
20BROOKFIELD RENEWABLE PARTNERPARTNERSHIP UNIT1.15%$4M162.4K
21ETENERGY TRANSFER L PCOM UT LTD PTN0.92%$4M212.5K
22AIVAPARTMENT INVT & MGMT COCL A0.57%$2M363.0K
23MPLXMPLX LPCOM UNIT REP LTD0.49%$2M35.0K
24CARTMAPLEBEAR INCCOM0.35%$1M29.8K
25LIONLIONSGATE STUDIOS CORPCOM0.31%$1M131.2K
26SSTISOUNDTHINKING INCCOM0.19%$740,84892.3K

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 ↗.