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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
+11.39%
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
$381M
AUM Growth
+$57.7M
(+18%)
Cap. Flow
+$26.8M
Cap. Flow
% of AUM
7.05%
Top 10 Holdings %
Top 10 Hldgs %
66.75%
Holding
30
New
6
Increased
11
Reduced
5
Closed
3
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
FTAI Aviation
FTAI
|
+$19.4M |
| 2 |
SRTA
Strata Critical Medical Inc
SRTA
|
+$13.9M |
| 3 |
ECHO
EchoStar
ECHO
|
+$9.22M |
| 4 |
Flutter Entertainment
FLUT
|
+$8.69M |
| 5 |
Fox Class B
FOX
|
+$8.61M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Pinterest
PINS
|
+$21.3M |
| 2 |
Norwegian Cruise Line
NCLH
|
+$19.5M |
| 3 |
Vertiv
VRT
|
+$8.85M |
| 4 |
Apollo Global Management
APO
|
+$7.19M |
| 5 |
Madison Square Garden
MSGE
|
+$5.27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Communication Services | 35.59% |
| 2 | Financials | 28.92% |
| 3 | Real Estate | 12.84% |
| 4 | Industrials | 5.89% |
| 5 | Utilities | 4.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
News Corp Class A
NWSA
$15B
| $31.2M | 8.2% |
1,196,066
+28,694
| +2% | +$753K |
|
|
ECHO
2
EchoStar
ECHO
$24.5B
| $28.1M | 7.37% |
258,223
+113,223
| +78% | +$9.22M |
|
|
HUT
3
Hut 8
HUT
$12.2B
| $27.7M | 7.28% |
603,201
-81,704
| -12% | -$3.6M |
|
4
DigitalBridge
DBRG
$2.93B
| $27M | 7.08% |
1,756,872
+373,149
| +27% | +$4.48M |
|
5
Howard Hughes
HHH
$3.84B
| $26.9M | 7.06% |
336,926
+34,476
| +11% | +$2.86M |
|
6
TKO Group
TKO
$13.7B
| $26.8M | 7.04% |
128,326
+26,102
| +26% | +$5.07M |
|
|
7
Fox Class B
FOX
$21.7B
| $24.3M | 6.39% |
374,629
+147,403
| +65% | +$8.61M |
|
|
8
FTAI Aviation
FTAI
$20.9B
| $22.4M | 5.89% |
+114,000
| New | +$19.4M |
|
9
Ares Management
ARES
$28.6B
| $19.9M | 5.23% |
123,338
+39,133
| +46% | +$6.1M |
|
10
Rithm Capital
RITM
$5.46B
| $19.9M | 5.21% |
1,821,861
+123,858
| +7% | +$1.37M |
|
|
11
Madison Square Garden
MSGE
$3.66B
| $19.7M | 5.18% |
366,377
-109,565
| -23% | -$5.27M |
|
|
12
Apollo Global Management
APO
$71.4B
| $19.1M | 5.02% |
132,095
-54,109
| -29% | -$7.19M |
|
13
Centuri Holdings
CTRI
$2.76B
| $14.1M | 3.7% |
557,938
+236,809
| +74% | +$5.29M |
|
|
SRTA
14
Strata Critical Medical Inc
SRTA
$431M
| $13.8M | 3.62% |
+2,869,014
| New | +$13.9M |
|
15
Great Elm Group
GEG
$69.9M
| $10.8M | 2.84% |
4,243,168
| – | – |
|
16
Duos Technologies
DUOT
$272M
| $8.75M | 2.3% |
777,626
| – | – |
|
|
17
Flutter Entertainment
FLUT
$18.1B
| $8.31M | 2.18% |
+38,654
| New | +$8.69M |
|
18
SmartRent
SMRT
$193M
| $7.03M | 1.85% |
3,479,459
+827,943
| +31% | +$1.36M |
|
19
Great Elm Capital Corp
GECC
$71.1M
| $5.63M | 1.48% |
798,471
| – | – |
|
20
Brookfield Renewable
BEP
$9.97B
| $4.38M | 1.15% |
162,398
+85,782
| +112% | +$2.44M |
|
21
News Corp Class B
NWS
$17B
| $4.16M | 1.09% |
140,459
| – | – |
|
22
Energy Transfer Partners
ET
$70.2B
| $3.5M | 0.92% |
212,512
-19,309
| -8% | -$321K |
|
|
AIV
23
Aimco
AIV
$384M
| $2.16M | 0.57% |
+363,042
| New | +$2.17M |
|
24
MPLX
MPLX
$59.4B
| $1.87M | 0.49% |
35,038
-12,312
| -26% | -$642K |
|
25
Maplebear
CART
$10.4B
| $1.34M | 0.35% |
29,778
| – | – |
|
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Northern Right Capital Management's Q4 2025 Portfolio in Review
As of Q4 2025, Northern Right Capital Management held 30 positions worth $381M, up 18% from $323M the previous quarter. Its ten largest holdings account for 67% of the portfolio.
Northern Right Capital Management deployed $26.8M of net new capital in Q4 2025, opening 6 new positions and adding to 11 existing holdings. Its largest new stake was FTAI Aviation: 114,000 shares worth $22.4M.
By sector, the portfolio is most concentrated in Communication Services at 36% of assets, down from 40% a quarter earlier, followed by Financials and Real Estate.
On the sell side, the largest reduction was Apollo Global Management, an estimated $7.19M trimmed.
- Northern Right Capital Management's largest Q4 2025 buy was FTAI Aviation: 114,000 shares worth $22.4M.
- Northern Right Capital Management added most to EchoStar in Q4 2025, an estimated $9.22M increase.
- Northern Right Capital Management's biggest Q4 2025 reduction was Apollo Global Management, cutting an estimated $7.19M.
- Northern Right Capital Management fully exited Pinterest in Q4 2025, selling an estimated $21.3M.
- Northern Right Capital Management's ten largest holdings make up 67% of its $381M portfolio in Q4 2025.
- Northern Right Capital Management opened 6 new positions and closed 3 in Q4 2025.
- Northern Right Capital Management's portfolio value rose 18% quarter-over-quarter to $381M.
Based on Northern Right Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.