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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
+18.26%
1 Year Est. Return
+56.22%
3 Year Est. Return
+150.09%
5 Year Est. Return
+127.08%
10 Year Est. Return
+1,510.99%
AUM
$323M
AUM Growth
+$31.1M
(+11%)
Cap. Flow
+$4.74M
Cap. Flow
% of AUM
1.47%
Top 10 Holdings %
Top 10 Hldgs %
70.5%
Holding
32
New
8
Increased
9
Reduced
4
Closed
8
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Norwegian Cruise Line
NCLH
|
+$19.2M |
| 2 |
Pinterest
PINS
|
+$17.6M |
| 3 |
DigitalBridge
DBRG
|
+$15.5M |
| 4 |
Fox Class B
FOX
|
+$12M |
| 5 |
Vertiv
VRT
|
+$7.83M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Core Scientific
CORZ
|
+$29.4M |
| 2 |
PPLI
People Inc
PPLI
|
+$21.2M |
| 3 |
Maplebear
CART
|
+$20.6M |
| 4 |
TransUnion
TRU
|
+$14.2M |
| 5 |
HUT
Hut 8
HUT
|
+$7.29M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 39.68% |
| 2 | Financials | 29.93% |
| 3 | Real Estate | 13.68% |
| 4 | Consumer Discretionary | 6.37% |
| 5 | Technology | 2.93% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
26
Core Scientific
CORZ
$6.25B
| – | – |
-1,723,422
| Closed | -$29.4M |
|
27
FTAI Infrastructure
FIP
$508M
| – | – |
-885,675
| Closed | -$5.46M |
|
|
PPLI
28
People Inc
PPLI
$3.03B
| – | – |
-568,409
| Closed | -$21.2M |
|
29
MGM Resorts International
MGM
$10.9B
| – | – |
-143,107
| Closed | -$4.92M |
|
|
PBPB
30
DELISTED
Potbelly
PBPB
| – | – |
-48,147
| Closed | -$590K |
|
31
Turning Point Brands
TPB
$1.79B
| – | – |
-60,895
| Closed | -$4.61M |
|
|
32
TransUnion
TRU
$15.2B
| – | – |
-160,891
| Closed | -$14.2M |
|
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Northern Right Capital Management's Q3 2025 Portfolio in Review
As of Q3 2025, Northern Right Capital Management held 32 positions worth $323M, up 11% from $292M the previous quarter. Its ten largest holdings account for 70% of the portfolio.
Northern Right Capital Management's Q3 2025 filing shows 8 new, 9 increased, 4 reduced and 8 closed positions. Its largest new stake was Norwegian Cruise Line: 790,760 shares worth $19.5M. The largest sale was Core Scientific, an estimated $29.4M.
By sector, the portfolio is most concentrated in Communication Services at 40% of assets, up from 32% a quarter earlier, followed by Financials and Real Estate.
- Northern Right Capital Management's largest Q3 2025 buy was Norwegian Cruise Line: 790,760 shares worth $19.5M.
- Northern Right Capital Management added most to Pinterest in Q3 2025, an estimated $17.6M increase.
- Northern Right Capital Management's biggest Q3 2025 reduction was Maplebear, cutting an estimated $20.6M.
- Northern Right Capital Management fully exited Core Scientific in Q3 2025, selling an estimated $29.4M.
- Northern Right Capital Management's ten largest holdings make up 70% of its $323M portfolio in Q3 2025.
- Northern Right Capital Management opened 8 new positions and closed 8 in Q3 2025.
- Northern Right Capital Management's portfolio value rose 11% quarter-over-quarter to $323M.
Based on Northern Right Capital Management's 13F filing for Q3 2025, filed 14 Nov 2025.