Northern Right Capital Management, L.P.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 15, 2025), Northern Right Capital Management, L.P. reported 24 stock positions worth $292.1 million. Its top holding was News Class A (NWSA) at 10.6% of the portfolio, followed by Core Scientific (CORZ, 10.1%) and Apollo Global Management (APO, 8.4%). Compared with Q1 2025, it opened 5 new positions, sold out of 4, added to 7 and reduced 5. The biggest buy was Core Scientific (CORZ, shares +1049%) and the biggest sale Rithm Capital (RITM, shares −40%).
- Most Recent 13F
- Q2 2026
- Location
- DARIEN, CT
- CIK
- 0001346543
- Portfolio Value
- $292.1M (Q2 2025)
- SEC Filing
- 0001346543-25-000007 ↗ filed Aug 15, 2025
Holdings Value
Holdings 24 stocks · $292.1M
| NWSA News Corp. Class A | 10.55% | 1,037,010 | $30.8M | No change |
| CORZ Core Scientific Inc. | 10.07% | 1,723,422 | $29.4M | Add +1049.0% |
| APO Apollo Global Management Inc. | 8.40% | 172,991 | $24.5M | Add +1.5% |
| CART Maplebear Inc. | 7.40% | 478,022 | $21.6M | Add +31.8% |
| PPLI People Inc. filed as IAC INC | 7.27% | 568,409 | $21.2M | Add +89.0% |
| HUT Hut 8 Corp. | 6.19% | 971,852 | $18.1M | Add +48.1% |
| HHH Howard Hughes Holdings Inc. | 6.04% | 261,355 | $17.6M | New |
| TKO Tko Group Holdings Inc. | 5.51% | 88,389 | $16.1M | No change |
| MSGE Madison Square Garden Entert | 5.43% | 396,543 | $15.8M | Reduce -17.1% |
| ARES Ares Management Corp. Class A | 4.99% | 84,205 | $14.6M | Reduce -4.4% |
| RITM Rithm Capital Corp. | 4.91% | 1,270,496 | $14.3M | Reduce -40.1% |
| TRU Transunion | 4.85% | 160,891 | $14.2M | Add +6.5% |
| GEG Great Elm Group Inc. | 3.01% | 4,243,168 | $8.8M | No change |
| GECC Great Elm Capital Corp. | 2.92% | 798,471 | $8.5M | No change |
| PINS Pinterest Inc. Class A | 2.16% | 176,096 | $6.3M | Reduce -57.1% |
| FIP Ftai Infrastructure Inc. | 1.87% | 885,675 | $5.5M | New |
| ET Energy Transfer LP | 1.73% | 277,999 | $5.0M | No change |
| MGM MGM Resorts International | 1.69% | 143,107 | $4.9M | New |
| TPB Turning Point Brands Inc. | 1.58% | 60,895 | $4.6M | Reduce -72.3% |
| NWS News Corp. Class B | 1.47% | 125,459 | $4.3M | No change |
| MPLX MPLX LP | 0.90% | 51,232 | $2.6M | No change |
| BEP Brookfield Renewable Partner | 0.56% | 64,621 | $1.6M | Add +64.6% |
| CIFR Cipher Digital Inc. | 0.29% | 177,000 | $846K | New |
| PBPB Potbelly Corp. | 0.20% | 48,147 | $590K | New |
Portfolio Sells Q1 2025 → Q2 2025
| RITM Rithm Capital Corp. | Reduce -40.1% | 4.91% | −5.00 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −4.08 |
| TPB Turning Point Brands Inc. | Reduce -72.3% | 1.58% | −3.76 |
| PINS Pinterest Inc. Class A | Reduce -57.1% | 2.16% | −3.03 |
| HOOD Robinhood Markets Inc. Class A | Sold out | 0.00% | −2.16 |
| VMEO Vimeo Inc. | Sold out | 0.00% | −1.66 |
| EPD Enterprise Products Partners | Sold out | 0.00% | −1.46 |
| MSGE Madison Square Garden Entert | Reduce -17.1% | 5.43% | −0.96 |
| ARES Ares Management Corp. Class A | Reduce -4.4% | 4.99% | −0.28 |
Portfolio Buys Q1 2025 → Q2 2025
| CORZ Core Scientific Inc. | Add +1049.0% | 10.07% | +9.63 |
| HHH Howard Hughes Holdings Inc. | New | 6.04% | +6.04 |
| HUT Hut 8 Corp. | Add +48.1% | 6.19% | +3.08 |
| FIP Ftai Infrastructure Inc. | New | 1.87% | +1.87 |
| MGM MGM Resorts International | New | 1.69% | +1.69 |
| PPLI People Inc. | Add +89.0% | 7.27% | +1.63 |
| CART Maplebear Inc. | Add +31.8% | 7.40% | +1.50 |
| CIFR Cipher Digital Inc. | New | 0.29% | +0.29 |
| BEP Brookfield Renewable Partner | Add +64.6% | 0.56% | +0.21 |
| PBPB Potbelly Corp. | New | 0.20% | +0.20 |
| TRU Transunion | Add +6.5% | 4.85% | −0.27 |
| APO Apollo Global Management Inc. | Add +1.5% | 8.40% | −1.13 |
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 |