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NRCM
Northern Right Capital Management Portfolio holdings
AUM
$281M
1-Year Est. Return
56.22%
This Fund
S&P 500
This Quarter
Est. Return
-5.24%
1 Year Est. Return
+56.22%
3 Year Est. Return
+150.09%
5 Year Est. Return
+127.08%
10 Year Est. Return
+1,511.03%
AUM
$281M
AUM Growth
-$99.9M
(-26%)
Cap. Flow
-$80.5M
Cap. Flow
% of AUM
-28.65%
Top 10 Holdings %
Top 10 Hldgs %
73.83%
Holding
33
New
6
Increased
7
Reduced
9
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Nasdaq
NDAQ
|
+$20.4M |
| 2 |
Netflix
NFLX
|
+$12.5M |
| 3 |
SRTA
Strata Critical Medical Inc
SRTA
|
+$5.88M |
| 4 |
News Corp Class A
NWSA
|
+$5.02M |
| 5 |
Cadre Holdings
CDRE
|
+$3.52M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
DigitalBridge
DBRG
|
+$27M |
| 2 |
Fox Class B
FOX
|
+$24.3M |
| 3 |
HUT
Hut 8
HUT
|
+$22.9M |
| 4 |
Madison Square Garden
MSGE
|
+$19.7M |
| 5 |
ECHO
EchoStar
ECHO
|
+$10.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 34.85% |
| 2 | Financials | 19.65% |
| 3 | Real Estate | 14.22% |
| 4 | Industrials | 9.97% |
| 5 | Utilities | 7.67% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
News Corp Class A
NWSA
$15.3B
| $34.9M | 12.41% |
1,398,704
+202,638
| +17% | +$5.02M |
|
2
FTAI Aviation
FTAI
$21.8B
| $25.3M | 9.01% |
103,293
-10,707
| -9% | -$2.84M |
|
3
Howard Hughes
HHH
$4B
| $24.2M | 8.61% |
382,672
+45,746
| +14% | +$3.43M |
|
4
TKO Group
TKO
$13.9B
| $23.8M | 8.46% |
117,952
-10,374
| -8% | -$2.12M |
|
|
ECHO
5
EchoStar
ECHO
$24.9B
| $19.5M | 6.96% |
166,987
-91,236
| -35% | -$10.5M |
|
|
6
Nasdaq
NDAQ
$53.6B
| $19.3M | 6.88% |
+227,795
| New | +$20.4M |
|
|
SRTA
7
Strata Critical Medical Inc
SRTA
$440M
| $17.1M | 6.08% |
4,090,169
+1,221,155
| +43% | +$5.88M |
|
8
Centuri Holdings
CTRI
$2.63B
| $16.3M | 5.81% |
559,400
+1,462
| +0.3% | +$42.6K |
|
|
9
Netflix
NFLX
$301B
| $13.7M | 4.86% |
+141,979
| New | +$12.5M |
|
10
Rithm Capital
RITM
$5.46B
| $13.3M | 4.75% |
1,406,749
-415,112
| -23% | -$4.34M |
|
11
Ares Management
ARES
$28.8B
| $10.7M | 3.82% |
98,294
-25,044
| -20% | -$3.32M |
|
|
HUT
12
Hut 8
HUT
$11.4B
| $8.46M | 3.01% |
180,269
-422,932
| -70% | -$22.9M |
|
13
Great Elm Group
GEG
$68M
| $7.93M | 2.82% |
4,243,168
| – | – |
|
14
SmartRent
SMRT
$193M
| $7.48M | 2.66% |
4,985,800
+1,506,341
| +43% | +$2.54M |
|
15
Duos Technologies
DUOT
$243M
| $7.39M | 2.63% |
1,077,626
+300,000
| +39% | +$2.67M |
|
16
Apollo Global Management
APO
$71.9B
| $6.83M | 2.43% |
61,339
-70,756
| -54% | -$8.77M |
|
17
Brookfield Renewable
BEP
$9.7B
| $5.2M | 1.85% |
159,439
-2,959
| -2% | -$89.2K |
|
18
Energy Transfer Partners
ET
$69.5B
| $4.1M | 1.46% |
212,512
| – | – |
|
19
News Corp Class B
NWS
$17.2B
| $4M | 1.43% |
140,459
| – | – |
|
|
20
Cadre Holdings
CDRE
$1.43B
| $2.7M | 0.96% |
+88,075
| New | +$3.52M |
|
21
eBay
EBAY
$52.1B
| $2.28M | 0.81% |
+25,000
| New | +$2.25M |
|
|
NBIS
22
Nebius Group N.V.
NBIS
$43.1B
| $2.08M | 0.74% |
+20,000
| New | +$2M |
|
|
AIV
23
Aimco
AIV
$375M
| $1.95M | 0.69% |
479,342
+116,300
| +32% | +$609K |
|
24
Great Elm Capital Corp
GECC
$70.6M
| $1.92M | 0.68% |
383,971
-414,500
| -52% | -$2.6M |
|
|
MITT
25
TPG Mortgage Investment Trust
MITT
$230M
| $467K | 0.17% |
+63,951
| New | +$529K |
|
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Northern Right Capital Management's Q1 2026 Portfolio in Review
As of Q1 2026, Northern Right Capital Management held 33 positions worth $281M, down 26% from $381M the previous quarter. Its ten largest holdings account for 74% of the portfolio.
Northern Right Capital Management withdrew a net $80.5M in Q1 2026, closing 8 positions and reducing 9 holdings. Its most notable exit was DigitalBridge, an estimated $27M position sold in full.
By sector, the portfolio is most concentrated in Communication Services at 35% of assets, down from 36% a quarter earlier, followed by Financials and Real Estate.
Against the trend, Northern Right Capital Management opened a new position in Nasdaq worth $19.3M.
- Northern Right Capital Management's largest Q1 2026 buy was Nasdaq: 227,795 shares worth $19.3M.
- Northern Right Capital Management added most to Strata Critical Medical Inc in Q1 2026, an estimated $5.88M increase.
- Northern Right Capital Management's biggest Q1 2026 reduction was Hut 8, cutting an estimated $22.9M.
- Northern Right Capital Management fully exited DigitalBridge in Q1 2026, selling an estimated $27M.
- Northern Right Capital Management's ten largest holdings make up 74% of its $281M portfolio in Q1 2026.
- Northern Right Capital Management opened 6 new positions and closed 8 in Q1 2026.
- Northern Right Capital Management's portfolio value fell 26% quarter-over-quarter to $281M.
Based on Northern Right Capital Management's 13F filing for Q1 2026, filed 15 May 2026.