Q4 2025 · 13F-HR
Northern Right Capital Management, L.P.holdings as filed
Filed 2026-02-17 · accession 0001346543-26-000002
$380.9M
Reported value
27
Positions
2025-12-31
Period end
The Brief · Northern Right Capital Management, L.P. · Q4 2025
AI · grounded in 13F
Northern Right Capital Management, L.P. exited its position in PINS for $21.3M. The fund established new positions in FTAI for $22.4M and SRTA for $13.8M. Additionally, the fund closed its holding in NCLH for $19.5M and increased its stake in SATS by 78.1%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 65249B109 | NWSA | NEWS CORP NEW | $31.2M | 8.20% | 1,196,066 | Common | SOLE |
| 278768106 | SATS | ECHOSTAR CORP | $28.1M | 7.37% | 258,223 | Common | SOLE |
| 44812J104 | HUT | HUT 8 CORP | $27.7M | 7.28% | 603,201 | Common | SOLE |
| 25401T603 | DBRG | DIGITALBRIDGE GROUP INC | $27.0M | 7.08% | 1,756,872 | Common | SOLE |
| 44267T102 | HHH | HOWARD HUGHES HOLDINGS INC | $26.9M | 7.06% | 336,926 | Common | SOLE |
| 87256C101 | TKO | TKO GROUP HOLDINGS INC | $26.8M | 7.04% | 128,326 | Common | SOLE |
| 35137L204 | FOX | FOX CORP | $24.3M | 6.39% | 374,629 | Common | SOLE |
| G3730V105 | FTAI | FTAI AVIATION LTD | $22.4M | 5.89% | 114,000 | Common | SOLE |
| 03990B101 | ARES | ARES MANAGEMENT CORPORATION | $19.9M | 5.23% | 123,338 | Common | SOLE |
| 64828T201 | RITM | RITHM CAPITAL CORP | $19.9M | 5.21% | 1,821,861 | Common | SOLE |
| 558256103 | MSGE | MADISON SQUARE GARDEN ENTMT | $19.7M | 5.18% | 366,377 | Common | SOLE |
| 03769M106 | APO | APOLLO GLOBAL MGMT INC | $19.1M | 5.02% | 132,095 | Common | SOLE |
| 155923105 | CTRI | CENTURI HOLDINGS INC | $14.1M | 3.70% | 557,938 | Common | SOLE |
| 092667104 | SRTA | STRATA CRITICAL MEDICAL INC | $13.8M | 3.62% | 2,869,014 | Common | SOLE |
| 39037G109 | GEG | GREAT ELM GROUP INC | $10.8M | 2.84% | 4,243,168 | Common | SOLE |
| 266042407 | DUOT | DUOS TECHNOLOGIES GROUP INC | $8.7M | 2.30% | 777,626 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $8.3M | 2.18% | 38,654 | Common | SOLE |
| 83193G107 | SMRT | SMARTRENT INC | $7.0M | 1.85% | 3,479,459 | Common | SOLE |
| 390320703 | GECC | GREAT ELM CAP CORP | $5.6M | 1.48% | 798,471 | Common | SOLE |
| G16258108 | BEP | BROOKFIELD RENEWABLE PARTNER | $4.4M | 1.15% | 162,398 | Common | SOLE |
| 65249B208 | NWS | NEWS CORP NEW | $4.2M | 1.09% | 140,459 | Common | SOLE |
| 29273V100 | ET | ENERGY TRANSFER L P | $3.5M | 0.92% | 212,512 | Common | SOLE |
| 03748R747 | AIV | APARTMENT INVT & MGMT CO | $2.2M | 0.57% | 363,042 | Common | SOLE |
| 55336V100 | MPLX | MPLX LP | $1.9M | 0.49% | 35,038 | Common | SOLE |
| 565394103 | CART | MAPLEBEAR INC | $1.3M | 0.35% | 29,778 | Common | SOLE |
| 53626N102 | LION | LIONSGATE STUDIOS CORP | $1.2M | 0.31% | 131,226 | Common | SOLE |
| 82536T107 | SSTI | SOUNDTHINKING INC | $740,848 | 0.19% | 92,260 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.