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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
+4.29%
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
$179M
AUM Growth
-$9.98M
(-5.3%)
Cap. Flow
-$14.5M
Cap. Flow
% of AUM
-8.13%
Top 10 Holdings %
Top 10 Hldgs %
76.37%
Holding
26
New
2
Increased
10
Reduced
4
Closed
6
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
PPLI
People Inc
PPLI
|
+$5.66M |
| 2 |
Identive
INVE
|
+$2.76M |
| 3 |
Blackstone Secured Lending
BXSL
|
+$2.69M |
| 4 |
EDR
Endeavor Group Holdings, Inc.
EDR
|
+$2.03M |
| 5 |
Rithm Capital
RITM
|
+$1.67M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Match Group
MTCH
|
+$6.5M |
| 2 |
Apollo Global Management
APO
|
+$5.85M |
| 3 |
Driven Brands
DRVN
|
+$4.5M |
| 4 |
News Corp Class B
NWS
|
+$4.41M |
| 5 |
Blue Owl Capital
OBDC
|
+$4.16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 34.2% |
| 2 | Communication Services | 24.8% |
| 3 | Consumer Discretionary | 22.47% |
| 4 | Technology | 9.43% |
| 5 | Industrials | 4.46% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PPLI
1
People Inc
PPLI
$3.08B
| $27.8M | 15.57% |
763,393
+143,013
| +23% | +$5.66M |
|
|
2
Apollo Global Management
APO
$69.3B
| $21.4M | 11.96% |
334,737
-98,445
| -23% | -$5.85M |
|
3
Uber
UBER
$143B
| $16.8M | 9.43% |
680,932
+15,000
| +2% | +$410K |
|
4
MGM Resorts International
MGM
$11.7B
| $12.6M | 7.08% |
377,269
| – | – |
|
5
Boyd Gaming
BYD
$6.47B
| $12M | 6.75% |
220,878
| – | – |
|
6
Ares Management
ARES
$28B
| $11.9M | 6.65% |
173,511
+10,000
| +6% | +$721K |
|
|
EDR
7
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $9.22M | 5.17% |
409,253
+95,000
| +30% | +$2.03M |
|
|
8
Blackstone Secured Lending
BXSL
$5.39B
| $9.16M | 5.13% |
409,657
+114,657
| +39% | +$2.69M |
|
|
LUCK
9
Lucky Strike Entertainment
LUCK
$959M
| $7.73M | 4.33% |
573,449
+94,983
| +20% | +$1.29M |
|
|
10
Driven Brands
DRVN
$2.37B
| $7.7M | 4.31% |
281,872
-150,453
| -35% | -$4.5M |
|
11
Great Elm Group
GEG
$68.4M
| $7.17M | 4.02% |
3,551,790
+71,485
| +2% | +$143K |
|
12
Energy Transfer Partners
ET
$69.6B
| $6.66M | 3.73% |
560,726
+135,000
| +32% | +$1.62M |
|
13
Great Elm Capital Corp
GECC
$72.1M
| $6.62M | 3.71% |
798,471
| – | – |
|
14
News Corp Class A
NWSA
$15.2B
| $4.94M | 2.77% |
271,464
| – | – |
|
15
MidCap Financial Investment
MFIC
$796M
| $4.89M | 2.74% |
429,263
+25,000
| +6% | +$288K |
|
|
EVA
16
DELISTED
Enviva Inc.
EVA
| $3.89M | 2.18% |
73,475
-33,873
| -32% | -$1.94M |
|
|
17
Identive
INVE
$64.8M
| $3.54M | 1.98% |
489,388
+284,388
| +139% | +$2.76M |
|
|
18
News Corp Class B
NWS
$17.2B
| $2.31M | 1.3% |
125,459
-250,000
| -67% | -$4.41M |
|
|
19
Rithm Capital
RITM
$5.51B
| $1.63M | 0.92% |
+200,000
| New | +$1.67M |
|
|
IVAC
20
DELISTED
Intevac Inc
IVAC
| $527K | 0.3% |
+81,455
| New | +$437K |
|
21
PUT
Beyond Meat
BYND
$286M
| – | – |
-94,200
| Closed | -$1.33M |
|
22
Clarus
CLAR
$123M
| – | – |
-200,000
| Closed | -$2.69M |
|
23
Genius Sports
GENI
$1.87B
| – | – |
-765,748
| Closed | -$2.81M |
|
|
24
Match Group
MTCH
$9.17B
| – | – |
-136,064
| Closed | -$6.5M |
|
|
25
Blue Owl Capital
OBDC
$5.36B
| – | – |
-401,446
| Closed | -$4.16M |
|
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Northern Right Capital Management's Q4 2022 Portfolio in Review
As of Q4 2022, Northern Right Capital Management held 26 positions worth $179M, down 5.3% from $189M the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Northern Right Capital Management withdrew a net $14.5M in Q4 2022, closing 6 positions and reducing 4 holdings. Its most notable exit was Match Group, an estimated $6.5M position sold in full.
By sector, the portfolio is most concentrated in Financials at 34% of assets, up from 32% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Northern Right Capital Management opened a new position in Rithm Capital worth $1.63M.
- Northern Right Capital Management's largest Q4 2022 buy was Rithm Capital: 200,000 shares worth $1.63M.
- Northern Right Capital Management added most to People Inc in Q4 2022, an estimated $5.66M increase.
- Northern Right Capital Management's biggest Q4 2022 reduction was Apollo Global Management, cutting an estimated $5.85M.
- Northern Right Capital Management fully exited Match Group in Q4 2022, selling an estimated $6.5M.
- Northern Right Capital Management's ten largest holdings make up 76% of its $179M portfolio in Q4 2022.
- Northern Right Capital Management opened 2 new positions and closed 6 in Q4 2022.
- Northern Right Capital Management's portfolio value fell 5.3% quarter-over-quarter to $179M.
Based on Northern Right Capital Management's 13F filing for Q4 2022, filed 14 Feb 2023.