Northern Right Capital Management, L.P.
Filing Date
Global Rank
#3,014
/ 8,420
▲ 339
Top Industry
Asset Management
23.5%
3Y Alpha vs SPY
+6.4%
Period ended 6 months ago
Filed Feb 17, 2026 · 4mo
24 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+105.8%
SPY
+76.3%
Annualised alpha
+6.4%
Max drawdown
−27.3%
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
25 positions · as of Dec 31, 2025 · Δ vs Sep 30, 2025Top Position
8.9%
−2.9 pts
Top 5
40.0%
−2.9 pts
Top 10
70.8%
−3.8 pts
HHI
606
Diversified−50
Portfolio Trend
24 quarters · across all stocks
Sector Breakdown
As of Dec 31, 2025| Sector | % Portfolio | Value |
|---|---|---|
| Financial Services | 31.3% | $110,163,967 |
| Communication Services | 30.0% | $105,874,273 |
| Real Estate | 13.9% | $48,891,340 |
| Industrials | 6.4% | $22,440,900 |
| Utilities | 5.2% | $18,467,808 |
| Technology | 4.7% | $16,517,646 |
| Healthcare | 3.9% | $13,799,957 |
| Consumer Cyclical | 2.7% | $9,651,570 |
| Energy | 1.5% | $5,374,300 |
| Unclassified | 0.3% | $1,198,093 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
10 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| SMRT | SmartRent, Inc. | +827,943 | 3,479,459 | $7,028,507 | |
| DBRG | DigitalBridge Group, Inc. | +373,149 | 1,756,872 | $26,950,416 | |
| CTRI | Centuri Holdings, Inc. | +236,809 | 557,938 | $14,087,934 | |
| RITM | Rithm Capital Corp. | +123,858 | 1,821,861 | $19,858,284 | |
| SATS | EchoStar CORP | +113,223 | 258,223 | $28,068,840 | |
| BEP | Brookfield Renewable Partners L.P. | +85,782 | 162,398 | $4,379,874 | |
| ARES | Ares Management Corp | +39,133 | 123,338 | $19,935,120 | |
| HHH | Howard Hughes Holdings Inc. | +34,476 | 336,926 | $26,876,587 | |
| NWSA | News Corp | +28,694 | 1,196,066 | $31,241,243 | |
| TKO | TKO Group Holdings, Inc. | +26,102 | 128,326 | $26,820,134 | |
| No positions match the current search. | |||||
Trimmed
Positions the filer reduced
5 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| MSGE | Madison Square Garden Entertainment Corp. | −109,565 | 366,377 | $19,744,056 | |
| HUT | Hut 8 Corp. | −81,704 | 603,201 | $27,711,053 | |
| APO | Apollo Global Management, Inc. | −54,109 | 132,095 | $19,122,072 | |
| ET | Energy Transfer LP | −19,309 | 212,512 | $3,504,322 | |
| MPLX | Mplx LP | −12,312 | 35,038 | $1,869,978 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| FTAI | FTAI Aviation Ltd. | 114,000 | $22,440,900 | |
| SRTA | Strata Critical Medical, Inc. | 2,869,014 | $13,799,957 | |
| FLUT | Flutter Entertainment plc | 38,654 | $8,312,156 | |
| AIV | Apartment Investment & Management Co | 363,042 | $2,156,469 | |
| LION | Lionsgate Studios Corp. | 131,226 | $1,198,093 | |
| SSTI | Soundthinking, Inc. | 92,260 | $740,847 | |
| No positions match the current search. | ||||
25 positions ·
$352,379,854 total
· as of Dec 31, 2025
All sectors
Communication Services
Consumer Cyclical
Energy
Financial Services
Healthcare
Industrials
Real Estate
Technology
Utilities
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| NWSA |
News Corp
Communication Services
|
Added | 1,196,066 | $31,241,243 | 8.87% | |
| SATS |
EchoStar CORP
Communication Services
|
Added | 258,223 | $28,068,840 | 7.97% | |
| HUT |
Hut 8 Corp.
Financial Services
|
Reduced | 603,201 | $27,711,053 | 7.86% | |
| DBRG |
DigitalBridge Group, Inc.
Financial Services
|
Added | 1,756,872 | $26,950,416 | 7.65% | |
| HHH |
Howard Hughes Holdings Inc.
Real Estate
|
Added | 336,926 | $26,876,587 | 7.63% | |
| TKO |
TKO Group Holdings, Inc.
Communication Services
|
Added | 128,326 | $26,820,134 | 7.61% | |
| FTAI |
FTAI Aviation Ltd.
Industrials
|
NEW | 114,000 | $22,440,900 | 6.37% | |
| ARES |
Ares Management Corp
Financial Services
|
Added | 123,338 | $19,935,120 | 5.66% | |
| RITM |
Rithm Capital Corp.
Real Estate
|
Added | 1,821,861 | $19,858,284 | 5.64% | |
| MSGE |
Madison Square Garden Entertainment Corp.
Communication Services
|
Reduced | 366,377 | $19,744,056 | 5.60% | |
| APO |
Apollo Global Management, Inc.
Financial Services
|
Reduced | 132,095 | $19,122,072 | 5.43% | |
| CTRI |
Centuri Holdings, Inc.
Utilities
|
Added | 557,938 | $14,087,934 | 4.00% | |
| SRTA |
Strata Critical Medical, Inc.
Healthcare
|
NEW | 2,869,014 | $13,799,957 | 3.92% | |
| GEG |
Great Elm Group, Inc.
Financial Services
|
Held | 4,243,168 | $10,820,078 | 3.07% | |
| DUOT |
Duos Technologies Group, Inc.
Technology
|
Held | 777,626 | $8,748,292 | 2.48% | |
| FLUT |
Flutter Entertainment plc
Consumer Cyclical
|
NEW | 38,654 | $8,312,156 | 2.36% | |
| SMRT |
SmartRent, Inc.
Technology
|
Added | 3,479,459 | $7,028,507 | 1.99% | |
| GECC |
Great Elm Capital Corp.
Financial Services
|
Held | 798,471 | $5,625,228 | 1.60% | |
| BEP |
Brookfield Renewable Partners L.P.
Utilities
|
Added | 162,398 | $4,379,874 | 1.24% | |
| ET |
Energy Transfer LP
Energy
|
Reduced | 212,512 | $3,504,322 | 0.99% | |
| AIV |
Apartment Investment & Management Co
Real Estate
|
NEW | 363,042 | $2,156,469 | 0.61% | |
| MPLX |
Mplx LP
Energy
|
Reduced | 35,038 | $1,869,978 | 0.53% | |
| CART |
Maplebear Inc.
Consumer Cyclical
|
Held | 29,778 | $1,339,414 | 0.38% | |
| LION |
Lionsgate Studios Corp.
|
NEW | 131,226 | $1,198,093 | 0.34% | |
| SSTI |
Soundthinking, Inc.
Technology
|
NEW | 92,260 | $740,847 | 0.21% |