Northern Right Capital Management, L.P.
In its 13F for Q2 2026 (holdings as of June 30, 2026, filed August 14, 2026), Northern Right Capital Management, L.P. reported 27 stock positions worth $336.9 million. Its top holding was Ftai Aviation (FTAI) at 10.7% of the portfolio, followed by News Class A (NWSA, 9.9%) and Tko (TKO, 9.8%). Compared with Q1 2026, it opened 9 new positions, sold out of 7, added to 6 and reduced 6. The biggest buy was a new position in Terawulf (WULF) and the biggest sale an exit from Howard Hughes (HHH).
- Most Recent 13F
- Q2 2026
- Location
- DARIEN, CT
- CIK
- 0001346543
- Portfolio Value
- $336.9M (Q2 2026)
- SEC Filing
- 0001346543-26-000005 ↗ filed Aug 14, 2026
Holdings Value
Holdings 27 stocks · $336.9M
| FTAI Ftai Aviation Ltd. | 10.69% | 133,190 | $36.0M | Add +28.9% |
| NWSA News Corp. Class A | 9.88% | 1,340,878 | $33.3M | Reduce -4.1% |
| TKO Tko Group Holdings Inc. | 9.84% | 164,754 | $33.2M | Add +39.7% |
| SRTA Strata Critical Medical Inc. | 7.65% | 4,890,584 | $25.8M | Add +19.6% |
| WULF Terawulf Inc. | 5.67% | 773,594 | $19.1M | New |
| HPE Hewlett Packard Enterprise | 5.35% | 399,868 | $18.0M | New |
| CTRI Centuri Holdings Inc. | 4.77% | 531,148 | $16.1M | Reduce -5.0% |
| CORZ Core Scientific Inc. | 4.73% | 622,587 | $15.9M | New |
| HUT Hut 8 Corp. | 4.71% | 137,356 | $15.9M | Reduce -23.8% |
| ECHO Echostar Corp. Class A | 4.62% | 153,377 | $15.6M | Reduce -8.2% |
| DUOT Duos Technologies Group Inc. | 4.34% | 1,219,122 | $14.6M | Add +13.1% |
| ZM Zoom Communications Inc. | 4.02% | 157,049 | $13.6M | New |
| EBAY eBay Inc. | 3.08% | 93,000 | $10.4M | Add +272.0% |
| ARES Ares Management Corp. Class A | 2.80% | 84,903 | $9.5M | Reduce -13.6% |
| LODE Comstock Inc. | 2.77% | 2,246,637 | $9.3M | New |
| GEG Great Elm Group Inc. | 2.75% | 4,243,168 | $9.3M | No change |
| APO Apollo Global Management Inc. | 2.15% | 61,339 | $7.3M | No change |
| YUM Yum! Brands Inc. | 1.90% | 40,000 | $6.4M | New |
| BEP Brookfield Renewable Partner | 1.85% | 179,871 | $6.2M | Add +12.8% |
| NBIS Nebius Group NV | 1.25% | 15,290 | $4.2M | Reduce -23.6% |
| ET Energy Transfer LP | 1.21% | 212,512 | $4.1M | No change |
| NWS News Corp. Class B | 1.17% | 140,459 | $3.9M | No change |
| PURR Hyperliquid Strategies | 0.82% | 350,000 | $2.8M | New |
| SPHR Sphere Entertainment Co. | 0.77% | 15,000 | $2.6M | New |
| GECC Great Elm Capital Corp. | 0.62% | 383,971 | $2.1M | No change |
| AIV Apartment Invt & Mgmt Co. Class A | 0.42% | 479,342 | $1.4M | No change |
| ADEA Adeia Inc. | 0.15% | 15,200 | $501K | New |
Portfolio Sells Q1 2026 → Q2 2026
| HHH Howard Hughes Holdings Inc. | Sold out | 0.00% | −8.61 |
| NDAQ Nasdaq Inc. | Sold out | 0.00% | −6.88 |
| NFLX Netflix Inc. | Sold out | 0.00% | −4.86 |
| RITM Rithm Capital Corp. | Sold out | 0.00% | −4.75 |
| SMRT Smartrent Inc. | Sold out | 0.00% | −2.66 |
| NWSA News Corp. Class A | Reduce -4.1% | 9.88% | −2.53 |
| ECHO Echostar Corp. Class A | Reduce -8.2% | 4.62% | −2.34 |
| CTRI Centuri Holdings Inc. | Reduce -5.0% | 4.77% | −1.05 |
| ARES Ares Management Corp. Class A | Reduce -13.6% | 2.80% | −1.01 |
| CDRE Cadre Holdings Inc. | Sold out | 0.00% | −0.96 |
| MITT TPG Mortgage Investment Trus | Sold out | 0.00% | −0.17 |
| NBIS Nebius Group NV | Reduce -23.6% | 1.25% | +0.51 |
| HUT Hut 8 Corp. | Reduce -23.8% | 4.71% | +1.70 |
Portfolio Buys Q1 2026 → Q2 2026
| WULF Terawulf Inc. | New | 5.67% | +5.67 |
| HPE Hewlett Packard Enterprise | New | 5.35% | +5.35 |
| CORZ Core Scientific Inc. | New | 4.73% | +4.73 |
| ZM Zoom Communications Inc. | New | 4.02% | +4.02 |
| LODE Comstock Inc. | New | 2.77% | +2.77 |
| EBAY eBay Inc. | Add +272.0% | 3.08% | +2.27 |
| YUM Yum! Brands Inc. | New | 1.90% | +1.90 |
| DUOT Duos Technologies Group Inc. | Add +13.1% | 4.34% | +1.71 |
| FTAI Ftai Aviation Ltd. | Add +28.9% | 10.69% | +1.69 |
| SRTA Strata Critical Medical Inc. | Add +19.6% | 7.65% | +1.56 |
| TKO Tko Group Holdings Inc. | Add +39.7% | 9.84% | +1.38 |
| PURR Hyperliquid Strategies | New | 0.82% | +0.82 |
| SPHR Sphere Entertainment Co. | New | 0.77% | +0.77 |
| ADEA Adeia Inc. | New | 0.15% | +0.15 |
| BEP Brookfield Renewable Partner | Add +12.8% | 1.85% | +0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 27 | $336.9M | FTAI, NWSA, TKO, SRTA, WULF |
| Q1 2026 | 25 | $281.0M | NWSA, FTAI, HHH, TKO, ECHO |
| Q4 2025 | 27 | $380.9M | NWSA, ECHO, HUT, DBRG, HHH |
| Q3 2025 | 24 | $323.1M | NWSA, HHH, APO, HUT, MSGE |
| Q2 2025Amended | 24 | $292.1M | NWSA, CORZ, APO, CART, PPLI |
| Q1 2025 | 23 | $245.0M | NWSA, RITM, APO, MSGE, CART |
| Q4 2024 | 23 | $269.2M | APO, NWSA, RITM, FTAI, ARES |
| Q3 2024 | 27 | $268.7M | APO, NWSA, PPLI, MSGE, ARES |
| Q2 2024 | 28 | $270.6M | NWSA, APO, PPLI, MSGS, MSGE |
| Q1 2024 | 29 | $276.8M | NWSA, APO, PPLI, MSGE, ARES |