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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
+8.17%
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
$250M
AUM Growth
-$7.17M
(-2.8%)
Cap. Flow
-$28.1M
Cap. Flow
% of AUM
-11.28%
Top 10 Holdings %
Top 10 Hldgs %
67.84%
Holding
32
New
5
Increased
8
Reduced
10
Closed
4
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
WEX
WEX
|
+$8.88M |
| 2 |
Zegna
ZGN
|
+$7.52M |
| 3 |
Madison Square Garden
MSGE
|
+$6.46M |
| 4 |
Philip Morris
PM
|
+$5.53M |
| 5 |
Madison Square Garden
MSGS
|
+$5.46M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Uber
UBER
|
+$27.3M |
| 2 |
MGM Resorts International
MGM
|
+$9.88M |
| 3 |
Boyd Gaming
BYD
|
+$8.89M |
| 4 |
PPLI
People Inc
PPLI
|
+$7.28M |
| 5 |
PayPal
PYPL
|
+$6.72M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 35.98% |
| 2 | Communication Services | 33.72% |
| 3 | Industrials | 7.15% |
| 4 | Real Estate | 5.69% |
| 5 | Technology | 5.66% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Apollo Global Management
APO
$71.6B
| $29.4M | 11.79% |
315,770
-10,222
| -3% | -$903K |
|
2
News Corp Class A
NWSA
$15B
| $26.7M | 10.68% |
1,086,060
+96,201
| +10% | +$2.09M |
|
|
PPLI
3
People Inc
PPLI
$3.08B
| $21.6M | 8.66% |
502,770
-185,897
| -27% | -$7.28M |
|
4
Ares Management
ARES
$28.6B
| $20.8M | 8.33% |
174,927
+6,333
| +4% | +$688K |
|
|
5
Madison Square Garden
MSGS
$9.55B
| $16.6M | 6.65% |
91,331
+31,511
| +53% | +$5.46M |
|
|
6
Madison Square Garden
MSGE
$3.65B
| $16.1M | 6.44% |
505,318
+208,017
| +70% | +$6.46M |
|
7
FTAI Aviation
FTAI
$20.9B
| $10.7M | 4.28% |
229,975
-16,322
| -7% | -$652K |
|
|
8
WEX
WEX
$6.37B
| $9.52M | 3.81% |
+48,941
| New | +$8.88M |
|
9
Blackstone Secured Lending
BXSL
$5.38B
| $9.03M | 3.62% |
326,816
| – | – |
|
|
10
Philip Morris
PM
$298B
| $8.94M | 3.58% |
95,000
+60,000
| +171% | +$5.53M |
|
11
Great Elm Capital Corp
GECC
$71.5M
| $8.5M | 3.41% |
798,471
| – | – |
|
12
Great Elm Group
GEG
$69M
| $8.13M | 3.26% |
4,193,168
+223,384
| +6% | +$433K |
|
13
Nasdaq
NDAQ
$52.7B
| $7.85M | 3.14% |
135,000
-50,000
| -27% | -$2.64M |
|
|
14
Zegna
ZGN
$3.95B
| $7.31M | 2.93% |
+631,909
| New | +$7.52M |
|
15
Identive
INVE
$64.3M
| $7.17M | 2.87% |
870,623
+5,092
| +0.6% | +$35.9K |
|
16
MidCap Financial Investment
MFIC
$786M
| $6.05M | 2.43% |
442,440
| – | – |
|
17
AGNC Investment
AGNC
$12.4B
| $5.64M | 2.26% |
+575,000
| New | +$5.05M |
|
18
Rithm Capital
RITM
$5.46B
| $4.85M | 1.94% |
+453,970
| New | +$4.52M |
|
|
19
Uber
UBER
$143B
| $4.42M | 1.77% |
71,806
-521,824
| -88% | -$27.3M |
|
|
MITT
20
TPG Mortgage Investment Trust
MITT
$222M
| $3.71M | 1.49% |
+584,984
| New | +$3.18M |
|
|
21
Boyd Gaming
BYD
$6.36B
| $3.47M | 1.39% |
55,402
-150,000
| -73% | -$8.89M |
|
22
News Corp Class B
NWS
$17B
| $3.23M | 1.29% |
125,459
| – | – |
|
|
23
MGM Resorts International
MGM
$11.4B
| $3.13M | 1.25% |
70,079
-251,836
| -78% | -$9.88M |
|
24
Energy Transfer Partners
ET
$70.2B
| $3.09M | 1.24% |
223,638
-40,215
| -15% | -$547K |
|
|
SRTA
25
Strata Critical Medical Inc
SRTA
$433M
| $2.6M | 1.04% |
737,421
+15,089
| +2% | +$43.3K |
|
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Northern Right Capital Management's Q4 2023 Portfolio in Review
As of Q4 2023, Northern Right Capital Management held 32 positions worth $250M, down 2.8% from $257M the previous quarter. Its ten largest holdings account for 68% of the portfolio.
Northern Right Capital Management withdrew a net $28.1M in Q4 2023, closing 4 positions and reducing 10 holdings. Its most notable exit was PayPal, an estimated $6.72M position sold in full.
By sector, the portfolio is most concentrated in Financials at 36% of assets, down from 36% a quarter earlier, followed by Communication Services and Industrials.
Against the trend, Northern Right Capital Management opened a new position in WEX worth $9.52M.
- Northern Right Capital Management's largest Q4 2023 buy was WEX: 48,941 shares worth $9.52M.
- Northern Right Capital Management added most to Madison Square Garden in Q4 2023, an estimated $6.46M increase.
- Northern Right Capital Management's biggest Q4 2023 reduction was Uber, cutting an estimated $27.3M.
- Northern Right Capital Management fully exited PayPal in Q4 2023, selling an estimated $6.72M.
- Northern Right Capital Management's ten largest holdings make up 68% of its $250M portfolio in Q4 2023.
- Northern Right Capital Management opened 5 new positions and closed 4 in Q4 2023.
- Northern Right Capital Management's portfolio value fell 2.8% quarter-over-quarter to $250M.
Based on Northern Right Capital Management's 13F filing for Q4 2023, filed 14 Feb 2024.