NORTH RUN CAPITAL, LP

CIK

1212897

Location

WELLESLEY, MA

Portfolio Value

Micro $28,275,151

Diversification

Diversified

Filing Date

Global Rank

#5,943 / 6,949 ▼ 296 · as of Dec 2022

Top Industry

Software - Infrastructure 36.0%

3Y Alpha vs SPY

-12.4%

Period ended 3 years ago

Filed Feb 14, 2023 · 3y

11 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+26.4%

SPY

+76.5%

Annualised alpha

-12.7%

Max drawdown

−52.3%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

13 positions · as of Dec 31, 2022 · Δ vs Sep 30, 2022

Top Position

25.6%

+1.7 pts

Top 5

65.3%

−17.6 pts

Top 10

94.1%

−2.3 pts

HHI

1,259

Diversified−248

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2022

Sector	% Portfolio	Value	Positions
Technology	68.3%	$19,298,851	7
Healthcare	27.8%	$7,873,508	5
Basic Materials	3.9%	$1,102,792	1

Last Quarter's Activity

Export CSV

Dec 31, 2022 vs Sep 30, 2022

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
AIOT	Powerfleet, Inc.	+328,024	2,694,646	$7,248,597
LNSR	LENSAR, Inc.	+161,896	1,096,406	$3,245,361
VRNS	Varonis Systems Inc	+92,000	122,000	$2,920,680
STXS	Stereotaxis, Inc.	+71,590	322,750	$668,092
CSTM	Constellium SE	+750	93,220	$1,102,792
PEGA	Pegasystems Inc	+500	65,930	$1,128,721
No positions match the current search.

Trimmed

Positions the filer reduced

3 positions

Ticker	Company	Δ Shares	Shares	Value
AIRG	Airgain Inc	−155,131	395,801	$2,576,664
MXCT	Maxcyte, Inc.	−105,000	451,960	$2,467,701
SILC	Silicom Ltd.	−88,938	57,422	$2,420,337
No positions match the current search.

New Positions

Positions the filer opened this quarter

1 positions

Ticker	Company	Shares	Value	Open
SMWB	Similarweb Ltd.	375,000	$2,411,250
No positions match the current search.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

13 positions · $28,275,151 total · as of Dec 31, 2022

All sectors Basic Materials Healthcare Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
AIOT	Powerfleet, Inc. Technology	Added	2,694,646	+328,024	$7,248,597	−0.6%	25.64%
LNSR	LENSAR, Inc. Healthcare	Added	1,096,406	+161,896	$3,245,361	−37.4%	11.48%
VRNS	Varonis Systems Inc Technology	Added	122,000	+92,000	$2,920,680	+267.1%	10.33%
AIRG	Airgain Inc Technology	Reduced	395,801	-155,131	$2,576,664	−35.1%	9.11%
MXCT	Maxcyte, Inc. Healthcare	Reduced	451,960	-105,000	$2,467,701	−31.8%	8.73%
SILC	Silicom Ltd. Technology	Reduced	57,422	-88,938	$2,420,337	−53.2%	8.56%
SMWB	Similarweb Ltd. Technology	NEW	375,000	NEW	$2,411,250	NEW	8.53%
PEGA	Pegasystems Inc Technology	Added	65,930	+500	$1,128,721	+7.3%	3.99%
CSTM	Constellium SE Basic Materials	Added	93,220	+750	$1,102,792	+17.6%	3.90%
SMTI	Sanara MedTech Inc. Healthcare	Held	24,000	0	$1,092,000	+53.3%	3.86%
STXS	Stereotaxis, Inc. Healthcare	Added	322,750	+71,590	$668,092	+47.8%	2.36%
MX	MAGNACHIP SEMICONDUCTOR Corp Technology	Held	63,110	0	$592,602	−8.3%	2.10%
BKD	Brookdale Senior Living Inc. Healthcare	Held	146,650	0	$400,354	−36.1%	1.42%