Northern Right Capital Management, L.P.
In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), Northern Right Capital Management, L.P. reported 28 stock positions worth $270.6 million. Its top holding was News Class A (NWSA) at 10.7% of the portfolio, followed by Apollo Global Management (APO, 9.5%) and People (PPLI, 8.3%). Compared with Q1 2024, it opened 7 new positions, sold out of 8, added to 9 and reduced 10. The biggest buy was a new position in KBR (KBR) and the biggest sale an exit from Ermenegildo Zegna (ZGN).
- Most Recent 13F
- Q2 2026
- Location
- DARIEN, CT
- CIK
- 0001346543
- Portfolio Value
- $270.6M (Q2 2024)
- SEC Filing
- 0001766743-24-000003 ↗ filed Aug 14, 2024
Holdings Value
Holdings 28 stocks · $270.6M
| NWSA News Corp. Class A | 10.67% | 1,047,310 | $28.9M | Reduce -2.7% |
| APO Apollo Global Management Inc. | 9.50% | 217,679 | $25.7M | Reduce -0.9% |
| PPLI People Inc. filed as IAC INC | 8.28% | 478,273 | $22.4M | Add +19.3% |
| MSGS Madison Square Garden Sports | 7.01% | 100,831 | $19.0M | Add +10.4% |
| MSGE Madison Square Garden Entert | 6.54% | 516,868 | $17.7M | Add +1.3% |
| ARES Ares Management Corp. Class A | 6.45% | 130,906 | $17.4M | Reduce -12.7% |
| RITM Rithm Capital Corp. | 5.85% | 1,450,626 | $15.8M | Add +30.8% |
| FTAI Ftai Aviation Ltd. | 5.14% | 134,845 | $13.9M | Reduce -2.2% |
| KBR KBR Inc. | 4.62% | 195,085 | $12.5M | New |
| HHH Howard Hughes Holdings Inc. | 4.62% | 192,873 | $12.5M | New |
| TRU Transunion | 3.19% | 116,534 | $8.6M | Reduce -7.8% |
| GECC Great Elm Capital Corp. | 3.15% | 798,471 | $8.5M | No change |
| GEG Great Elm Group Inc. | 2.82% | 4,243,168 | $7.6M | Add +1.2% |
| WEX Wex Inc. | 2.75% | 41,959 | $7.4M | Add +245.9% |
| MFIC Midcap Financial Investment | 2.44% | 435,536 | $6.6M | Reduce -1.6% |
| MGM MGM Resorts International | 2.05% | 124,578 | $5.5M | Add +3.8% |
| MITT TPG Mortgage Investment Trus | 2.03% | 828,816 | $5.5M | Add +0.6% |
| BYD Boyd Gaming Corp. | 2.01% | 98,466 | $5.4M | Reduce -7.0% |
| HUT Hut 8 Corp. | 1.66% | 300,000 | $4.5M | New |
| ET Energy Transfer LP | 1.62% | 269,738 | $4.4M | Add +20.6% |
| UBER Uber Technologies Inc. | 1.58% | 58,941 | $4.3M | Reduce -17.9% |
| SRTA Strata Critical Medical Inc. filed as BLADE AIR MOBILITY INC | 1.49% | 1,156,600 | $4.0M | Reduce -3.7% |
| NWS News Corp. Class B | 1.32% | 125,459 | $3.6M | No change |
| INVE Inve Technologies Inc. filed as IDENTIV INC | 1.06% | 667,977 | $2.9M | Reduce -23.3% |
| APLD Applied Digital Corp. | 1.04% | 475,000 | $2.8M | New |
| MPLX MPLX LP | 0.49% | 31,320 | $1.3M | New |
| DBRG Digitalbridge Group Inc. | 0.39% | 76,925 | $1.1M | New |
| RGS Regis Corp. | 0.23% | 26,571 | $611K | New |
Options reported separately and not counted above: CHTR puts ($852K).
Portfolio Sells Q1 2024 → Q2 2024
| ZGN Ermenegildo Zegna NV | Sold out | 0.00% | −3.97 |
| CART Maplebear Inc. | Sold out | 0.00% | −3.30 |
| JACK Jack in the Box Inc. | Sold out | 0.00% | −2.54 |
| YUM Yum! Brands Inc. | Sold out | 0.00% | −2.50 |
| SPHR Sphere Entertainment Co. | Sold out | 0.00% | −2.27 |
| INVE Inve Technologies Inc. | Reduce -23.3% | 1.06% | −1.43 |
| MDRX Veradigm Inc. | Sold out | 0.00% | −1.25 |
| ASTS Ast Spacemobile Inc. | Sold out | 0.00% | −0.97 |
| ARES Ares Management Corp. Class A | Reduce -12.7% | 6.45% | −0.75 |
| BYD Boyd Gaming Corp. | Reduce -7.0% | 2.01% | −0.57 |
| TRU Transunion | Reduce -7.8% | 3.19% | −0.45 |
| UBER Uber Technologies Inc. | Reduce -17.9% | 1.58% | −0.41 |
| BZFD Buzzfeed Inc. | Sold out | 0.00% | −0.19 |
| MFIC Midcap Financial Investment | Reduce -1.6% | 2.44% | +0.03 |
| SRTA Strata Critical Medical Inc. | Reduce -3.7% | 1.49% | +0.25 |
| NWSA News Corp. Class A | Reduce -2.7% | 10.67% | +0.50 |
| APO Apollo Global Management Inc. | Reduce -0.9% | 9.50% | +0.58 |
| FTAI Ftai Aviation Ltd. | Reduce -2.2% | 5.14% | +1.79 |
Portfolio Buys Q1 2024 → Q2 2024
| KBR KBR Inc. | New | 4.62% | +4.62 |
| HHH Howard Hughes Holdings Inc. | New | 4.62% | +4.62 |
| WEX Wex Inc. | Add +245.9% | 2.75% | +1.71 |
| HUT Hut 8 Corp. | New | 1.66% | +1.66 |
| RITM Rithm Capital Corp. | Add +30.8% | 5.85% | +1.38 |
| APLD Applied Digital Corp. | New | 1.04% | +1.04 |
| MSGS Madison Square Garden Sports | Add +10.4% | 7.01% | +0.92 |
| PPLI People Inc. | Add +19.3% | 8.28% | +0.56 |
| MPLX MPLX LP | New | 0.49% | +0.49 |
| DBRG Digitalbridge Group Inc. | New | 0.39% | +0.39 |
| ET Energy Transfer LP | Add +20.6% | 1.62% | +0.35 |
| RGS Regis Corp. | New | 0.23% | +0.23 |
| MITT TPG Mortgage Investment Trus | Add +0.6% | 2.03% | +0.21 |
| MGM MGM Resorts International | Add +3.8% | 2.05% | −0.00 |
| GEG Great Elm Group Inc. | Add +1.2% | 2.82% | −0.09 |
| MSGE Madison Square Garden Entert | Add +1.3% | 6.54% | −0.69 |
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 |