SEC 13F Intelligence

Managers / Q3 2025 · view latest →

59 North Capital Management, LP

CIK 0001805589 · 3737 BUFFALO SPEEDWAY, SUITE 1880, HOUSTON, TX, 77098 · 646-876-3787

Reported Value
$3.2B
Q3 2025
Positions
14
Filings on Record
22
2019–present window
Filed
Nov 14, 2025
original filing

Summary

59 North Capital Management, LP reported $3.2B in U.S.-listed holdings across 14 positions for Q3 2025.

Its largest position, Aercap, represents 14.8% of the portfolio.

Compared with Q2 2025, the fund opened 2 new positions and exited 2.

Portfolio Metrics

Turnover
+12.7%
vs prior filed quarter
Top-10 Concentration
+89.7%
share of reported value
Largest Position
+14.8%
Aercap
New / Exited
2 / 2
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 ’20: $268MQ4 ’20Q1 ’21: $239MQ2 ’21: $268MQ3 ’21: $295MQ3 ’21Q4 ’21: $339MQ1 ’22: $395MQ2 ’22: $349MQ2 ’22Q3 ’22: $374MQ4 ’22: $558MQ1 ’23: $683MQ1 ’23Q2 ’23: $876MQ3 ’23: $864MQ4 ’23: $1.2BQ4 ’23Q1 ’24: $1.7BQ2 ’24: $2.0BQ3 ’24: $2.2BQ3 ’24Q4 ’24: $2.1BQ1 ’25: $2.8BQ2 ’25: $2.8BQ2 ’25Q3 ’25: $3.2BQ4 ’25: $3.2BQ1 ’26: $3.4BQ1 ’26filingsflow.com

Portfolio Composition

By security type
Common Stock: 76.3%Other: 14.8%ETP: 6.6%REIT: 2.3%
  • Common Stock · 76.3% · $2.4B
  • Other · 14.8% · $476M
  • ETP · 6.6% · $211M
  • REIT · 2.3% · $72M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2025 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SITESITEONE LANDSCAPE SUPPLY INCNEW+1.66M1.66M+$214M$214M
IBITISHARES BITCOIN TRUST ETFNEW+2.60M2.60M+$169M$169M
FERGFERGUSON ENTERPRISES INCADDED+670.5K1.26M+$155M$282M
NORWEGIAN CRUISE LINE HLDG LSOLD OUT−1.89M0−$38M$0
CORZCORE SCIENTIFIC INC NEWSOLD OUT−2.11M0−$36M$0
ISHARES TRTRIMMED−789.1K174.2K−$166M$42M
EXEEXPAND ENERGY CORPORATIONADDED+460.3K1.34M+$39M$142M
DTMDT MIDSTREAM INCADDED+1.01M3.07M+$121M$348M

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

Holdings — Q3 2025

13 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1NWSANEWS CORP NEWhistory →CL A · CL B15.71%$504M16.15M
2AERCAP HOLDINGS NVSHS14.83%$476M3.93M
3DTMDT MIDSTREAM INChistory →COMMON STOCK10.83%$348M3.07M
4KMIKINDER MORGAN INC DELhistory →COM10.03%$322M11.37M
5FERGFERGUSON ENTERPRISES INChistory →COMMON STOCK NEW8.78%$282M1.26M
6LPXLOUISIANA PAC CORPhistory →COM7.75%$249M2.80M
7CCL1EURCARNIVAL CORPhistory →UNIT 99/99/99997.32%$235M8.13M
8SITESITEONE LANDSCAPE SUPPLY INChistory →COM6.68%$214M1.66M
9IBITISHARES BITCOIN TRUST ETFhistory →SHS BEN INT5.27%$169M2.60M
10CEGCONSTELLATION ENERGY CORPhistory →COM4.78%$154M466.5K
11EXEEXPAND ENERGY CORPORATIONhistory →COM4.44%$142M1.34M
12LAMRLAMAR ADVERTISING CO NEWhistory →CL A2.26%$72M591.5K
13ISHARES TRRUSSELL 2000 ETF1.31%$42M174.2K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$3.4B17May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$3.2B13Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$3.2B14Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$2.8B14Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$2.8B14May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$2.1B13Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$2.2B17Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$2.0B15Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$1.7B16May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$1.2B14Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$864M11Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$876M13Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$683M12May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$558M14Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$374M12Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$349M12Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$395M12May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$339M11Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$295M10Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$268M11Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$239M14May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$268M13Feb 16, 202113F-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 ↗.