Northern Right Capital Management, L.P.
Portfolio value QoQ: +19.9% 13F does not disclose cash
Based on 13F long-equity holdings only (cash, bonds, shorts not disclosed)
Turnover Q2 2026: 29.97% Est. buys $119,958,102 · sells $92,597,913
Median holding: 2.0 quarters Tracked Q1 2025–Q2 2026 · 49.1% still held
Performance vs S&P 500
Annualized: +22.9% · S&P 500: +28.7%
Approximates a buy-and-hold portfolio built from quarterly SEC 13F snapshots. Excludes cash, short positions, options/derivatives, and non-13(f) securities — reflects the disclosed long-equity book only, not total fund AUM. SEC filing lag is up to 45 days; this is not a real-time-copyable timing.
Sector breakdown
Full portfolio 27 positions
| Type | Streak | 8Q trend | |||||
|---|---|---|---|---|---|---|---|
| FTAI | $36,031,891 | 10.69% | 133,190 | $10,725,106 | Up ×1 | ||
| NWSA | $33,294,001 | 9.88% | 1,340,878 | $-1,575,690 | Down ×1 | ||
| TKO | $33,166,628 | 9.84% | 164,754 | $9,381,607 | Up ×1 | ||
| SRTA | $25,773,378 | 7.65% | 4,890,584 | $8,676,472 | Up ×2 | ||
| WULF | $19,107,772 | 5.67% | 773,594 | Up ×1 | |||
| HPE | $18,038,045 | 5.35% | 399,868 | Up ×1 | |||
| CTRI | $16,061,916 | 4.77% | 531,148 | $-278,158 | Down ×1 | ||
| CORZ | $15,932,001 | 4.73% | 622,587 | ||||
| HUT | $15,857,063 | 4.71% | 137,356 | $7,400,644 | Down ×4 | ||
| SATS | $15,567,766 | 4.62% | 153,377 | $-3,981,402 | Down ×2 | ||
| DUOT | $14,629,464 | 4.34% | 1,219,122 | $7,236,950 | Up ×2 | ||
| ZM | $13,554,899 | 4.02% | 157,049 | Up ×1 | |||
| EBAY | $10,392,750 | 3.08% | 93,000 | $8,117,250 | Up ×1 | ||
| ARES | $9,450,553 | 2.80% | 84,903 | $-1,273,322 | Down ×2 | ||
| LODE | $9,346,010 | 2.77% | 2,246,637 | Up ×1 | |||
| GEG | $9,250,106 | 2.75% | 4,243,168 | $1,315,382 | |||
| APO | $7,257,017 | 2.15% | 61,339 | $422,626 | |||
| YUM | $6,394,400 | 1.90% | 40,000 | Up ×1 | |||
| BEP | $6,246,920 | 1.85% | 179,871 | $1,042,831 | Up ×1 | ||
| NBIS | $4,222,639 | 1.25% | 15,290 | $2,147,439 | Down ×1 | ||
| ET | $4,063,229 | 1.21% | 212,512 | $-38,253 | |||
| NWS | $3,941,280 | 1.17% | 140,459 | $-63,206 | |||
| PURR | $2,754,500 | 0.82% | 350,000 | Up ×1 | |||
| SPHR | $2,595,450 | 0.77% | 15,000 | Up ×1 | |||
| GECC | $2,092,642 | 0.62% | 383,971 | $168,947 | |||
| AIV | $1,423,646 | 0.42% | 479,342 | $-527,276 | |||
| ADEA | $500,536 | 0.15% | 15,200 | Up ×1 | |||
| No matches | |||||||
Biggest new bets
New positions opened this quarter, largest first.
| Security | Value | Shares | % of portfolio |
|---|---|---|---|
| WULF | $19,107,772 | 773,594 | 5.67% |
| HPE | $18,038,045 | 399,868 | 5.35% |
| CORZ | $15,932,001 | 622,587 | 4.73% |
| ZM | $13,554,899 | 157,049 | 4.02% |
| LODE | $9,346,010 | 2,246,637 | 2.77% |
| YUM | $6,394,400 | 40,000 | 1.90% |
| PURR | $2,754,500 | 350,000 | 0.82% |
| SPHR | $2,595,450 | 15,000 | 0.77% |
| ADEA | $500,536 | 15,200 | 0.15% |
Top movers (QoQ)
| Security | Action | Shares Δ | Value Δ |
|---|---|---|---|
| FTAI | Bought more | +30K | +$10.7M |
| TKO | Bought more | +47K | +$9.4M |
| SRTA | Bought more | +800K | +$8.7M |
| EBAY | Bought more | +68K | +$8.1M |
| HUT | Trimmed | -43K | +$7.4M |
| DUOT | Bought more | +141K | +$7.2M |
| SATS | Trimmed | -14K | -$4.0M |
| NBIS | Trimmed | -5K | +$2.1M |
| NWSA | Trimmed | -58K | -$1.6M |
| GEG | Price move only | +0 | +$1.3M |
Exited positions
Includes corporate events (mergers, delistings) — not all exits are sells
Closed positions reflect 13F reporting changes; for index managers these are often mechanical (delisting, M&A, index rebalancing), not active decisions.
| Security | Quarter | Shares before | Value before | Price since exit |
|---|---|---|---|---|
| CORZ | Sept. 30, 2025 | 1,723,422 | $29,418,814 | -27.0% |
| DBRG | March 31, 2026 | 1,756,872 | $26,950,416 | No longer tracked |
| FOX | March 31, 2026 | 374,629 | $24,324,661 | 12.0% |
| HHH | June 30, 2026 | 382,672 | $24,207,831 | -1.8% |
| PINS | Dec. 31, 2025 | 661,096 | $21,267,458 | -13.8% |
| IAC | Sept. 30, 2025 | 568,409 | $21,224,392 | No longer tracked |
| MSGE | March 31, 2026 | 366,377 | $19,744,057 | 32.1% |
| NCLH | Dec. 31, 2025 | 790,760 | $19,476,419 | -32.3% |
| NDAQ | June 30, 2026 | 227,795 | $19,337,518 | 30.1% |
| TRU | Sept. 30, 2025 | 160,891 | $14,158,408 | -2.7% |
| NFLX | June 30, 2026 | 141,979 | $13,651,281 | -7.8% |
| RITM | June 30, 2026 | 1,406,749 | $13,335,981 | 0.0% |
| FTAI | June 30, 2025 | 90,000 | $9,992,700 | 34.2% |
| VRT | Dec. 31, 2025 | 58,684 | $8,853,068 | 19.9% |
| FLUT | March 31, 2026 | 38,654 | $8,312,156 | -21.4% |
| SMRT | June 30, 2026 | 4,985,800 | $7,478,700 | 4.2% |
| FIP | Sept. 30, 2025 | 885,675 | $5,464,615 | -41.7% |
| HOOD | June 30, 2025 | 127,247 | $5,296,020 | 1.5% |
| MGM | Sept. 30, 2025 | 143,107 | $4,921,450 | -19.0% |
| TPB | Sept. 30, 2025 | 60,895 | $4,614,014 | -35.3% |
| VMEO | June 30, 2025 | 775,000 | $4,076,500 | No longer tracked |
| EPD | June 30, 2025 | 105,000 | $3,584,700 | 19.6% |
| CDRE | June 30, 2026 | 88,075 | $2,702,141 | 5.2% |
| MPLX | March 31, 2026 | 35,038 | $1,869,978 | 3.6% |
| CART | March 31, 2026 | 29,778 | $1,339,414 | 50.7% |
| LION | March 31, 2026 | 131,226 | $1,198,093 | 30.2% |
| CIFR | Sept. 30, 2025 | 177,000 | $846,060 | -36.9% |
| SSTI | March 31, 2026 | 92,260 | $740,848 | 26.3% |
| PBPB | Sept. 30, 2025 | 48,147 | $589,801 | No longer tracked |
| MITT | June 30, 2026 | 63,951 | $467,482 | -31.3% |