Northern Right Capital Management, L.P.
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Northern Right Capital Management, L.P. reported 27 stock positions worth $268.7 million. Its top holding was Apollo Global Management (APO) at 10.5% of the portfolio, followed by News Class A (NWSA, 10.2%) and People (PPLI, 9.4%). Compared with Q2 2024, it opened 8 new positions, sold out of 9, added to 8 and reduced 5. The biggest buy was a new position in Pinterest Class A (PINS) and the biggest sale an exit from Madison Square Garden Sports (MSGS).
- Most Recent 13F
- Q2 2026
- Location
- DARIEN, CT
- CIK
- 0001346543
- Portfolio Value
- $268.7M (Q3 2024)
- SEC Filing
- 0001346543-24-000005 ↗ filed Nov 14, 2024
Holdings Value
Holdings 27 stocks · $268.7M
| APO Apollo Global Management Inc. | 10.53% | 226,373 | $28.3M | Add +4.0% |
| NWSA News Corp. Class A | 10.16% | 1,024,510 | $27.3M | Reduce -2.2% |
| PPLI People Inc. filed as IAC INC | 9.39% | 468,930 | $25.2M | Reduce -1.9% |
| MSGE Madison Square Garden Entert | 8.18% | 516,868 | $22.0M | No change |
| ARES Ares Management Corp. Class A | 7.68% | 132,440 | $20.6M | Add +1.2% |
| RITM Rithm Capital Corp. | 7.39% | 1,748,026 | $19.8M | Add +20.5% |
| HHH Howard Hughes Holdings Inc. | 6.59% | 228,564 | $17.7M | Add +18.5% |
| FTAI Ftai Aviation Ltd. | 6.29% | 127,220 | $16.9M | Reduce -5.7% |
| PINS Pinterest Inc. Class A | 3.75% | 311,090 | $10.1M | New |
| MTCH Match Group Inc. | 3.59% | 255,116 | $9.7M | New |
| GECC Great Elm Capital Corp. | 3.02% | 798,471 | $8.1M | No change |
| GEG Great Elm Group Inc. | 3.02% | 4,243,168 | $8.1M | No change |
| MITT TPG Mortgage Investment Trus | 2.37% | 848,816 | $6.4M | Add +2.4% |
| BYD Boyd Gaming Corp. | 2.37% | 98,466 | $6.4M | No change |
| TRU Transunion | 2.30% | 59,034 | $6.2M | Reduce -49.3% |
| HUT Hut 8 Corp. | 1.90% | 416,652 | $5.1M | Add +38.9% |
| ET Energy Transfer LP | 1.67% | 279,738 | $4.5M | Add +3.7% |
| UBER Uber Technologies Inc. | 1.65% | 58,941 | $4.4M | No change |
| CHTR Charter Communications Inc. Class A | 1.43% | 323,718 | $3.8M | New |
| TLS Telos Corporation | 1.39% | 1,038,209 | $3.7M | New |
| APLD Applied Digital Corp. | 1.36% | 442,500 | $3.7M | Reduce -6.8% |
| NWS News Corp. Class B | 1.31% | 125,459 | $3.5M | No change |
| GAP The Gap Inc. | 0.92% | 112,020 | $2.5M | New |
| MPLX MPLX LP | 0.85% | 51,232 | $2.3M | Add +63.6% |
| TPB Turning Point Brands Inc. | 0.47% | 29,423 | $1.3M | New |
| RDDT Reddit Inc. Class A | 0.37% | 15,000 | $989K | New |
| TDUP Thredup Inc. Class A | 0.06% | 190,200 | $160K | New |
Portfolio Sells Q2 2024 → Q3 2024
| MSGS Madison Square Garden Sports | Sold out | 0.00% | −7.01 |
| KBR KBR Inc. | Sold out | 0.00% | −4.62 |
| WEX Wex Inc. | Sold out | 0.00% | −2.75 |
| MFIC Midcap Financial Investment | Sold out | 0.00% | −2.44 |
| MGM MGM Resorts International | Sold out | 0.00% | −2.05 |
| SRTA Strata Critical Medical Inc. | Sold out | 0.00% | −1.49 |
| INVE Inve Technologies Inc. | Sold out | 0.00% | −1.06 |
| TRU Transunion | Reduce -49.3% | 2.30% | −0.89 |
| NWSA News Corp. Class A | Reduce -2.2% | 10.16% | −0.52 |
| DBRG Digitalbridge Group Inc. | Sold out | 0.00% | −0.39 |
| RGS Regis Corp. | Sold out | 0.00% | −0.23 |
| APLD Applied Digital Corp. | Reduce -6.8% | 1.36% | +0.31 |
| PPLI People Inc. | Reduce -1.9% | 9.39% | +1.11 |
| FTAI Ftai Aviation Ltd. | Reduce -5.7% | 6.29% | +1.15 |
Portfolio Buys Q2 2024 → Q3 2024
| PINS Pinterest Inc. Class A | New | 3.75% | +3.75 |
| MTCH Match Group Inc. | New | 3.59% | +3.59 |
| HHH Howard Hughes Holdings Inc. | Add +18.5% | 6.59% | +1.97 |
| RITM Rithm Capital Corp. | Add +20.5% | 7.39% | +1.54 |
| CHTR Charter Communications Inc. Class A | New | 1.43% | +1.43 |
| TLS Telos Corporation | New | 1.39% | +1.39 |
| ARES Ares Management Corp. Class A | Add +1.2% | 7.68% | +1.23 |
| APO Apollo Global Management Inc. | Add +4.0% | 10.53% | +1.03 |
| GAP The Gap Inc. | New | 0.92% | +0.92 |
| TPB Turning Point Brands Inc. | New | 0.47% | +0.47 |
| RDDT Reddit Inc. Class A | New | 0.37% | +0.37 |
| MPLX MPLX LP | Add +63.6% | 0.85% | +0.35 |
| MITT TPG Mortgage Investment Trus | Add +2.4% | 2.37% | +0.34 |
| HUT Hut 8 Corp. | Add +38.9% | 1.90% | +0.24 |
| TDUP Thredup Inc. Class A | New | 0.06% | +0.06 |
| ET Energy Transfer LP | Add +3.7% | 1.67% | +0.05 |
Options Activity Q2 2024 → Q3 2024
| CHTR Charter Communications Inc. Class A | put | Sold out | 114 | $852Kbefore exit |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
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 |