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Northern Right Capital Management, L.P.

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13F filer, CIK 1346543, DARIEN, CT

Northern Right Capital Management, L.P. reported $380,866,324 across 27 holdings for the quarter ended 2025-12-31, in a 13F-HR filed 2026-02-17. Its ten largest share positions make up 66.75% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001346543-26-000002

Period
2025-12-31
Reported value
$381M
Holdings
27
Top 10 weight
66.75%
New
6
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
FTAInew+114,000$22.4M
SRTAnew+2,869,014$13.8M
ECHOadded+113,223$12.3M
FOXadded+147,403$9.57M
FLUTnew+38,654$8.31M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
PINSexited-661,096-$21.3M
NCLHexited-790,760-$19.5M
VRTexited-58,684-$8.85M
APOreduced-54,109-$7.83M
MSGEreduced-109,565-$5.9M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q4 2025

Share positions as resolved from 13F-HR 0001346543-26-000002, largest first. % of portfolio is the value over $380,866,324, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
NWSANEWS CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,024,510 shares; 2024Q4: 1,037,010 shares; 2025Q1: 1,037,010 shares; 2025Q2: 1,037,010 shares; 2025Q3: 1,167,372 shares; 2025Q4: 1,196,066 shares 1,196,066$31.2M8.2%+28,694Timeline
ECHOECHOSTAR CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 145,000 shares; 2025Q4: 258,223 shares 258,223$28.1M7.37%+113,223Timeline
HUTHUT 8 CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 416,652 shares; 2024Q4: 455,000 shares; 2025Q1: 656,330 shares; 2025Q2: 971,852 shares; 2025Q3: 684,905 shares; 2025Q4: 603,201 shares 603,201$27.7M7.28%-81,704Timeline
DBRGDIGITALBRIDGE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 1,383,723 shares; 2025Q4: 1,756,872 shares 1,756,872$27M7.08%+373,149Timeline
HHHHOWARD HUGHES HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 228,564 shares; 2024Q4: 163,564 shares; 2025Q1: not reported; 2025Q2: 261,355 shares; 2025Q3: 302,450 shares; 2025Q4: 336,926 shares 336,926$26.9M7.06%+34,476Timeline
TKOTKO GROUP HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 88,000 shares; 2025Q1: 88,389 shares; 2025Q2: 88,389 shares; 2025Q3: 102,224 shares; 2025Q4: 128,326 shares 128,326$26.8M7.04%+26,102Timeline
FOXFOX CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 227,226 shares; 2025Q4: 374,629 shares 374,629$24.3M6.39%+147,403Timeline
FTAIFTAI AVIATION LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 127,220 shares; 2024Q4: 140,006 shares; 2025Q1: 90,000 shares; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 114,000 shares 114,000$22.4M5.89%newTimeline
ARESARES MANAGEMENT CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 132,440 shares; 2024Q4: 104,269 shares; 2025Q1: 88,083 shares; 2025Q2: 84,205 shares; 2025Q3: 84,205 shares; 2025Q4: 123,338 shares 123,338$19.9M5.23%+39,133Timeline
RITMRITHM CAPITAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,748,026 shares; 2024Q4: 2,206,970 shares; 2025Q1: 2,120,496 shares; 2025Q2: 1,270,496 shares; 2025Q3: 1,698,003 shares; 2025Q4: 1,821,861 shares 1,821,861$19.9M5.21%+123,858Timeline
MSGEMADISON SQUARE GARDEN ENTMTQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 516,868 shares; 2024Q4: 411,028 shares; 2025Q1: 478,256 shares; 2025Q2: 396,543 shares; 2025Q3: 475,942 shares; 2025Q4: 366,377 shares 366,377$19.7M5.18%-109,565Timeline
APOAPOLLO GLOBAL MGMT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 226,373 shares; 2024Q4: 217,091 shares; 2025Q1: 170,491 shares; 2025Q2: 172,991 shares; 2025Q3: 186,204 shares; 2025Q4: 132,095 shares 132,095$19.1M5.02%-54,109Timeline
CTRICENTURI HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 321,129 shares; 2025Q4: 557,938 shares 557,938$14.1M3.7%+236,809Timeline
SRTASTRATA CRITICAL MEDICAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 2,869,014 shares 2,869,014$13.8M3.62%newTimeline
GEGGREAT ELM GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,243,168 shares; 2024Q4: 4,243,168 shares; 2025Q1: 4,243,168 shares; 2025Q2: 4,243,168 shares; 2025Q3: 4,243,168 shares; 2025Q4: 4,243,168 shares 4,243,168$10.8M2.84%0Timeline
DUOTDUOS TECHNOLOGIES GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 777,626 shares; 2025Q4: 777,626 shares 777,626$8.75M2.3%0Timeline
FLUTFLUTTER ENTMT PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 38,654 shares 38,654$8.31M2.18%newTimeline
SMRTSMARTRENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 2,651,516 shares; 2025Q4: 3,479,459 shares 3,479,459$7.03M1.85%+827,943Timeline
GECCGREAT ELM CAP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 798,471 shares; 2024Q4: 1,035,838 shares; 2025Q1: 798,471 shares; 2025Q2: 798,471 shares; 2025Q3: 798,471 shares; 2025Q4: 798,471 shares 798,471$5.63M1.48%0Timeline
BEPBROOKFIELD RENEWABLE ENERGYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 39,262 shares; 2025Q2: 64,621 shares; 2025Q3: 76,616 shares; 2025Q4: 162,398 shares 162,398$4.38M1.15%+85,782Timeline
NWSNEWS CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 125,459 shares; 2024Q4: 125,459 shares; 2025Q1: 125,459 shares; 2025Q2: 125,459 shares; 2025Q3: 140,459 shares; 2025Q4: 140,459 shares 140,459$4.16M1.09%0Timeline
ETENERGY TRANSFER L PQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 279,738 shares; 2024Q4: 277,999 shares; 2025Q1: 277,999 shares; 2025Q2: 277,999 shares; 2025Q3: 231,821 shares; 2025Q4: 212,512 shares 212,512$3.5M0.92%-19,309Timeline
AIVAPARTMENT INVT & MGMT COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 363,042 shares 363,042$2.16M0.57%newTimeline
MPLXMPLX LPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,232 shares; 2024Q4: 51,232 shares; 2025Q1: 51,232 shares; 2025Q2: 51,232 shares; 2025Q3: 47,350 shares; 2025Q4: 35,038 shares 35,038$1.87M0.49%-12,312Timeline
CARTMAPLEBEAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 362,622 shares; 2025Q2: 478,022 shares; 2025Q3: 29,778 shares; 2025Q4: 29,778 shares 29,778$1.34M0.35%0Timeline
LIONLIONSGATE STUDIOS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 131,226 shares 131,226$1.2M0.31%newTimeline
SSTISOUNDTHINKING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: not reported; 2025Q4: 92,260 shares 92,260$741K0.19%newTimeline

Sold out in Q4 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
PINSPINTEREST INC661,096$21.3Mshares
NCLHNORWEGIAN CRUISE LINE HLDGS790,760$19.5Mshares
VRTVERTIV HOLDINGS CO58,684$8.85Mshares

How Q4 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001346543-26-000002 base2026-02-17acceptance time not in the bulk data set