Latest Northern Right Capital Management, L.P. Stock Portfolio

Northern Right Capital Management, L.P. Performance:

2024 Q3: 8.23%YTD: 11.47%2023: 38.54%

Performance for 2024 Q3 is 8.23%, and YTD is 11.47%, and 2023 is 38.54%.

About Northern Right Capital Management, L.P. and 13F Hedge Fund Stock Holdings

Northern Right Capital Management, L.P. is a hedge fund based in DARIEN, CT. On 31-Mar-2023, the fund reported that it had an AUM (Regulated Assets under Management) of $380.7 Millions. In it's latest 13F Holdings report, Northern Right Capital Management, L.P. reported an equity portfolio of $268.7 Millions as of 30 Sep, 2024.

The top stock holdings of Northern Right Capital Management, L.P. are , NWS, IAC. The fund has invested 10.5% of it's portfolio in APOLLO GLOBAL MGMT INC and 10.2% of portfolio in NEWS CORP NEW.

The fund managers got completely rid off MADISON SQUARE GRDN SPRT COR (MSGS), KBR INC (KBR) and WEX INC (WEX) stocks. They significantly reduced their stock positions in TRANSUNION (TRU), APPLIED DIGITAL CORP (APLD) and FTAI AVIATION LTD (FTAI). Northern Right Capital Management, L.P. opened new stock positions in PINTEREST INC (PINS), MATCH GROUP INC NEW (MTCH) and CORE SCIENTIFIC INC NEW (CHTR). The fund showed a lot of confidence in some stocks as they added substantially to MPLX LP (MPLX), HUT 8 CORP and RITHM CAPITAL CORP (RITM).

Northern Right Capital Management, L.P. Annual Return Estimates Vs S&P 500

Our best estimate is that Northern Right Capital Management, L.P. made a return of 8.23% in the last quarter. In trailing 12 months, it's portfolio return was 22.75%.

New Buys

Ticker	$ Bought
pinterest inc	10,070,000
match group inc new	9,653,590
core scientific inc new	3,839,300
telos corp md	3,727,170
gap inc	2,470,040
turning pt brands inc	1,269,600
reddit inc	988,800
thredup inc	160,148

New stocks bought by Northern Right Capital Management, L.P.

Additions

Ticker	% Inc.
mplx lp	63.58
hut 8 corp	38.88
rithm capital corp	20.5
howard hughes holdings inc	18.5
apollo global mgmt inc	3.99
energy transfer lp	3.71
ag mtg invt tr inc	2.41
ares management corporation	1.17

Additions to existing portfolio by Northern Right Capital Management, L.P.

Reductions

Ticker	% Reduced
transunion	-49.34
applied digital corp	-6.84
ftai aviation ltd	-5.65
news corp new	-2.18
iac inc	-1.95

Northern Right Capital Management, L.P. reduced stake in above stock

Sold off

Ticker	$ Sold
blade air mobility inc	-4,024,970
identiv inc	-2,872,300
midcap financial invstmnt co	-6,594,020
kbr inc	-12,512,800
mgm resorts international	-5,536,250
madison square grdn sprt cor	-18,969,300
digitalbridge group inc	-1,053,870
wex inc	-7,432,620

Northern Right Capital Management, L.P. got rid off the above stocks

Sector Distribution

Northern Right Capital Management, L.P. has about 29.6% of it's holdings in Communication Services sector.

Sector	%
Communication Services	29.6
Others	19.4
Financial Services	15.1
Consumer Cyclical	11.5
Real Estate	9.8
Industrials	8.6
Technology	3
Energy	2.5

Market Cap. Distribution

Northern Right Capital Management, L.P. has about 37.1% of it's portfolio invested in the large-cap and mega-cap stocks.

Category	%
LARGE-CAP	37.1
MID-CAP	23.7
UNALLOCATED	19.4
SMALL-CAP	10
MICRO-CAP	9.9

Stocks belong to which Index?

About 32.9% of the stocks held by Northern Right Capital Management, L.P. either belong to S&P 500 or RUSSELL 2000 index.

Index	%
Others	67.1
S&P 500	16.5
RUSSELL 2000	16.4

Top 5 Winners (%)		%
APLD	applied digital corp	34.8 %
TRU	transunion	33.6 %
FTAI	ftai aviation ltd	27.6 %
MSGE	madison square garden entmt	24.3 %
BYD	boyd gaming corp	17.3 %

Top 5 Winners ($)		$
MSGE	madison square garden entmt	4.3 M
FTAI	ftai aviation ltd	3.8 M
IAC	iac inc	3.3 M
ARES	ares management corporation	3.0 M
TRU	transunion	2.9 M

Top 5 Losers (%)		%
TDUP	thredup inc	-7.7 %
GECC	great elm cap corp	-4.7 %
CHTR	core scientific inc new	-4.7 %
NWS	news corp new	-3.3 %
GPS	gap inc	-1.7 %

Top 5 Losers ($)		$
NWS	news corp new	-1.0 M
GECC	great elm cap corp	-0.4 M
CHTR	core scientific inc new	-0.2 M
NWS	news corp new	-0.1 M
ET	energy transfer lp	0.0 M

Northern Right Capital Management, L.P. Holdings Map

This heatmap illustrates the top 50 positions within the fund's portfolio.

Current Stock Holdings of Northern Right Capital Management, L.P.

Northern Right Capital Management, L.P. has 27 stocks in it's portfolio. About 73.5% of the portfolio is in top 10 stocks. NWS proved to be the most loss making stock for the portfolio. MSGE was the most profitable stock for Northern Right Capital Management, L.P. last quarter.

Last Reported on: 14 Nov, 2024

Ticker	Namesorted ascending	% Portfolio	Shares Held	$ Value	Type	% Change
AIB	midcap financial invstmnt co	0.00	0.00	0.00	sold off	-100

APLD	applied digital corp	1.36	442,500	3,650,620	reduced	-6.84

ARES	ares management corporation	7.68	132,440	20,639,400	added	1.17

BLDE	blade air mobility inc	0.00	0.00	0.00	sold off	-100

BYD	boyd gaming corp	2.37	98,466	6,365,830	unchanged	0.00

CHTR	core scientific inc new	1.43	323,718	3,839,300	new

DBRG	digitalbridge group inc	0.00	0.00	0.00	sold off	-100

ET	energy transfer lp	1.67	279,738	4,489,800	added	3.71

FTAI	ftai aviation ltd	6.29	127,220	16,907,500	reduced	-5.65

GECC	great elm cap corp	3.02	798,471	8,120,450	unchanged	0.00

GEG	great elm group inc	3.02	4,243,170	8,104,450	unchanged	0.00

GPS	gap inc	0.92	112,020	2,470,040	new

IAC	iac inc	9.39	468,930	25,237,800	reduced	-1.95

INVE	identiv inc	0.00	0.00	0.00	sold off	-100

KBR	kbr inc	0.00	0.00	0.00	sold off	-100

MGM	mgm resorts international	0.00	0.00	0.00	sold off	-100

MITT	ag mtg invt tr inc	2.37	848,816	6,374,610	added	2.41

MPLX	mplx lp	0.85	51,232	2,277,780	added	63.58

MSGE	madison square garden entmt	8.18	516,868	21,982,400	unchanged	0.00

MSGS	madison square grdn sprt cor	0.00	0.00	0.00	sold off	-100