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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
+13.93%
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
$248M
AUM Growth
+$50.6M
(+26%)
Cap. Flow
+$23.1M
Cap. Flow
% of AUM
9.31%
Top 10 Holdings %
Top 10 Hldgs %
71.21%
Holding
28
New
7
Increased
9
Reduced
5
Closed
2
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
ATVI
Activision Blizzard
ATVI
|
+$7.28M |
| 2 |
Madison Square Garden
MSGE
|
+$5.66M |
| 3 |
PayPal
PYPL
|
+$4.77M |
| 4 |
SRTA
Strata Critical Medical Inc
SRTA
|
+$3.64M |
| 5 |
Madison Square Garden
MSGS
|
+$3.15M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Applovin
APP
|
+$3.94M |
| 2 |
Uber
UBER
|
+$3.25M |
| 3 |
IVAC
Intevac Inc
IVAC
|
+$3.12M |
| 4 |
Boyd Gaming
BYD
|
+$866K |
| 5 |
Ares Management
ARES
|
+$857K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 30.23% |
| 2 | Communication Services | 27.02% |
| 3 | Technology | 17.33% |
| 4 | Consumer Discretionary | 15.21% |
| 5 | Industrials | 5.84% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
PPLI
1
People Inc
PPLI
$3.16B
| $39.4M | 15.88% |
764,977
+7,314
| +1% | +$335K |
|
|
2
Uber
UBER
$144B
| $25.6M | 10.33% |
593,630
-87,302
| -13% | -$3.25M |
|
3
Apollo Global Management
APO
$70.1B
| $25M | 10.09% |
325,992
+2,601
| +0.8% | +$174K |
|
|
4
Ares Management
ARES
$28.1B
| $16.2M | 6.55% |
168,594
-9,917
| -6% | -$857K |
|
5
MGM Resorts International
MGM
$11.8B
| $15.9M | 6.39% |
360,996
-8,108
| -2% | -$346K |
|
|
6
Boyd Gaming
BYD
$6.76B
| $14.2M | 5.74% |
205,402
-12,899
| -6% | -$866K |
|
7
News Corp Class A
NWSA
$15.4B
| $14.1M | 5.67% |
721,464
+115,000
| +19% | +$2.09M |
|
8
Blackstone Secured Lending
BXSL
$5.43B
| $9.16M | 3.69% |
334,664
| – | – |
|
9
Cellebrite
CLBT
$3.71B
| $8.88M | 3.58% |
1,233,048
+202,840
| +20% | +$1.18M |
|
10
Great Elm Group
GEG
$68M
| $8.14M | 3.28% |
3,969,784
+320,597
| +9% | +$664K |
|
11
FTAI Aviation
FTAI
$21.4B
| $7.8M | 3.14% |
246,300
+65,000
| +36% | +$1.84M |
|
12
Driven Brands
DRVN
$2.49B
| $7.63M | 3.07% |
281,872
| – | – |
|
|
ATVI
13
DELISTED
Activision Blizzard
ATVI
| $7.59M | 3.06% |
+90,000
| New | +$7.28M |
|
14
Identive
INVE
$63.1M
| $6.44M | 2.59% |
765,189
+95,952
| +14% | +$655K |
|
15
Great Elm Capital Corp
GECC
$71.1M
| $6.2M | 2.5% |
798,471
| – | – |
|
16
MidCap Financial Investment
MFIC
$815M
| $5.56M | 2.24% |
442,440
| – | – |
|
|
17
Madison Square Garden
MSGE
$3.66B
| $5.55M | 2.24% |
+165,000
| New | +$5.66M |
|
|
18
PayPal
PYPL
$50.5B
| $4.67M | 1.88% |
+70,000
| New | +$4.77M |
|
|
SRTA
19
Strata Critical Medical Inc
SRTA
$435M
| $4.52M | 1.82% |
+1,147,432
| New | +$3.64M |
|
20
PUT
IonQ
IONQ
$12.3B
| $3.38M | 1.36% |
+250,000
| New | +$2.08M |
|
|
21
Madison Square Garden
MSGS
$9.6B
| $3.14M | 1.27% |
+16,696
| New | +$3.15M |
|
22
Energy Transfer Partners
ET
$70.2B
| $2.94M | 1.19% |
231,769
+9,872
| +4% | +$125K |
|
23
News Corp Class B
NWS
$17.4B
| $2.47M | 1% |
125,459
| – | – |
|
|
EDR
24
DELISTED
Endeavor Group Holdings, Inc.
EDR
| $2.39M | 0.96% |
+100,000
| New | +$2.36M |
|
25
Duos Technologies
DUOT
$252M
| $898K | 0.36% |
151,165
+63,364
| +72% | +$295K |
|
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Northern Right Capital Management's Q2 2023 Portfolio in Review
As of Q2 2023, Northern Right Capital Management held 28 positions worth $248M, up 26% from $197M the previous quarter. Its ten largest holdings account for 71% of the portfolio.
Northern Right Capital Management deployed $23.1M of net new capital in Q2 2023, opening 7 new positions and adding to 9 existing holdings. Its largest new stake was Activision Blizzard: 90,000 shares worth $7.59M.
By sector, the portfolio is most concentrated in Financials at 30% of assets, down from 33% a quarter earlier, followed by Communication Services and Technology.
On the sell side, the largest reduction was Uber, an estimated $3.25M trimmed.
- Northern Right Capital Management's largest Q2 2023 buy was Activision Blizzard: 90,000 shares worth $7.59M.
- Northern Right Capital Management added most to News Corp Class A in Q2 2023, an estimated $2.09M increase.
- Northern Right Capital Management's biggest Q2 2023 reduction was Uber, cutting an estimated $3.25M.
- Northern Right Capital Management fully exited Applovin in Q2 2023, selling an estimated $3.94M.
- Northern Right Capital Management's ten largest holdings make up 71% of its $248M portfolio in Q2 2023.
- Northern Right Capital Management opened 7 new positions and closed 2 in Q2 2023.
- Northern Right Capital Management's portfolio value rose 26% quarter-over-quarter to $248M.
Based on Northern Right Capital Management's 13F filing for Q2 2023, filed 14 Aug 2023.