SEC 13F Intelligence

Managers / Q1 2026

Northern Right Capital Management, L.P.

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

Reported Value
$281M
Q1 2026
Positions
25
Filings on Record
31
2019–present window
Filed
May 15, 2026
original filing

Summary

Northern Right Capital Management, L.P. reported $281M in U.S.-listed holdings across 25 positions for Q1 2026.

Its largest position, NWSA, represents 12.4% of the portfolio.

Compared with Q4 2025, the fund opened 6 new positions and exited 8.

Portfolio Metrics

Turnover
+16.4%
vs prior filed quarter
Top-10 Concentration
+73.8%
share of reported value
Largest Position
+12.4%
News
New / Exited
6 / 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: 81.3%Other: 11.6%REIT: 5.6%MLP: 1.5%
  • Common Stock · 81.3% · $229M
  • Other · 11.6% · $33M
  • REIT · 5.6% · $16M
  • MLP · 1.5% · $4M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NDAQNASDAQ INCNEW+227.8K227.8K+$19M$19M
NFLXNETFLIX INC.NEW+142.0K142.0K+$14M$14M
CDRECADRE HLDGS INCNEW+88.1K88.1K+$3M$3M
EBAEBAY INC.NEW+25.0K25.0K+$2M$2M
NEBIUS GROUP N.V.NEW+20.0K20.0K+$2M$2M
MITTTPG MTG INVTS TR INCNEW+64.0K64.0K+$467,482$467,482
DBRGDIGITALBRIDGE GROUP INCSOLD OUT−1.76M0−$27M$0
FOXFOX CORPSOLD OUT−374.6K0−$24M$0

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

Holdings — Q1 2026

24 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NWSANEWS CORP NEWCL A · CL B13.83%$39M1.54M
2FTAI AVIATION LTDSHS9.01%$25M103.3K
3HHHHOWARD HUGHES HOLDINGS INChistory →COM8.61%$24M382.7K
4TKOTKO GROUP HOLDINGS INChistory →CL A8.46%$24M118.0K
5ECHOECHOSTAR CORPhistory →CL A6.96%$20M167.0K
6NDAQNASDAQ INChistory →COM6.88%$19M227.8K
7SRTASTRATA CRITICAL MEDICAL INChistory →CL A COM6.08%$17M4.09M
8CTRICENTURI HOLDINGS INChistory →COM SHS5.81%$16M559.4K
9NFLXNETFLIX INC.history →COM4.86%$14M142.0K
10RITMRITHM CAPITAL CORPhistory →COM NEW4.75%$13M1.41M
11ARESARES MANAGEMENT CORPORATIONhistory →CL A COM STK3.82%$11M98.3K
12HUTHUT 8 CORPhistory →COM3.01%$8M180.3K
13GEGGREAT ELM GROUP INChistory →COM NEW2.82%$8M4.24M
14SMRTSMARTRENT INChistory →COM CL A2.66%$7M4.99M
15DUOTDUOS TECHNOLOGIES GROUP INChistory →COM2.63%$7M1.08M
16APOAPOLLO GLOBAL MGMT INChistory →COM2.43%$7M61.3K
17BROOKFIELD RENEWABLE ENERGYPARTNERSHIP UNIT1.85%$5M159.4K
18ETENERGY TRANSFER L Phistory →COM UT LTD PTN1.46%$4M212.5K
19CDRECADRE HLDGS INCCOM0.96%$3M88.1K
20EBAEBAY INC.COM0.81%$2M25.0K
21NEBIUS GROUP N.V.SHS CLASS A0.74%$2M20.0K
22AIVAPARTMENT INVT & MGMT COCL A0.69%$2M479.3K
23GECCGREAT ELM CAP CORPCOM NEW0.68%$2M384.0K
24MITTTPG MTG INVTS TR INCCOM NEW0.17%$467,48264.0K

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 ↗.