Top Institutional Investors

Northern Right Capital Management, L.P. — 13F Holdings & Portfolio

CIK 1346543 · latest 13F-HR filed 2026-08-14

Backtest portfolio

Northern Right Capital Management, L.P. manages $336.9M in 13F-reported U.S. long-equity assets across 27 reported positions as of its 2026-06-30 13F-HR filing. Its largest disclosed positions are FTAI (10.69%), NWSA (9.88%), TKO (9.84%). Quarter over quarter (versus its 2026-03-31 filing) the fund opened 9 new positions and exited 7; 11 existing positions rose in reported value and 3 fell.

AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.

Loading holdings…
AUM
$336.9M

Long-equity book

Holdings
27

Distinct positions

Period
2026-06-30

Filed 2026-08-14

Q/Q Activity
+9 / −7 / ↑11 / ↓3

vs 2026-03-31

Portfolio charts

Latest quarter's book, what changed, and how the portfolio has evolved across filings.

Portfolio map

Q2 26
FTAI10.7% · +29%NWSA9.9% · -4%TKO9.8% · +40%SRTA7.6% · +20%WULF5.7% · newHPE5.4% · newCTRI4.8% · -5%CORZ4.7% · newHUT4.7% · -24%ECHO4.6% · newDUOT4.3% · +13%ZM4.0% · newEBAY3.1% · +272%ARES2.8% · -14%LODE2.8% · newGEG2.7% · 0%APO2.2% · 0%YUM1.9% · newBEP1.9% · +13%NBIS1.3% · -24%ET1.2% · 0%NWS1.2% · 0%PURR0.8% · newSPHR0.8% · newGECC0.6% · 0%AIV0.4% · 0%ADEA0.1% · new

Box size = position value; colour = change in share count vs the prior quarter (green added, red trimmed, blue new). Rows split across managers or share classes are combined. Click a box for the stock.

Sector mix

% of 13F value

Sectors from each company's SIC code; funds and ETFs grouped separately.

Biggest buys and sells

Q1 26 → Q2 26

Estimated from the change in shares held × the quarter-end price, so price moves alone don't count as buying. New and exited positions are included.

13F assets and positions

4 quarters

Total reported 13F value (bars) and number of positions (line) each quarter. Value changes include market moves.

Top positions over time

reported value

The eight largest current positions, valued at each quarter end.

Concentration

top 10 = 67.9%

Cumulative share of the portfolio held in the largest N positions.

Firm Profile & Key People

As of the firm’s regulatory filing dated Mar 31, 2026.

Assets Under Management
$552.8M
Discretionary
$552.8M
Employees
6
Accounts
7
Address
9 OLD KINGS HWY. SOUTH
4TH FLOOR
DARIEN, CT 06820
Phone
(203) 883-9441
Website
Name Title / Status Ownership Type
BC ADVISORS, LLC ControlGENERAL PARTNER
since Sep 2004
Less than 5%Domestic Entity
BILLIG, RICHARD, BENJAMIN ControlCHIEF OPERATING OFFICER / CHIEF COMPLIANCE OFFICER
since Mar 2024
Less than 5%Individual
DRAPKIN, MATTHEW, ADAM ControlCHIEF EXEUCTIVE OFFICER / LIMITED PARTNER
since Jan 2010
75% or moreIndividual
DRAPKIN, MATTHEW, ADAM Control
Indirect owner via BC ADVISORS, LLC
MANAGING MEMBER
since Dec 2009
75% or moreIndividual
Ownership & leadership changes · 6 filings with changes since Feb 13, 2012

From the firm’s regulatory filings, newest first. Dates are filing dates: a filing that no longer lists someone does not say when they left.

Mar 28, 2025 filing
  • ChangedBILLIG, RICHARD, BENJAMIN · title CHIEF OPERATING OFFICER & CHIEF COMPLIANCE OFFICER → CHIEF OPERATING OFFICER / CHIEF COMPLIANCE OFFICER
  • ChangedDRAPKIN, MATTHEW, ADAM · title CLASS A LIMITED PARTNER → CHIEF EXEUCTIVE OFFICER / LIMITED PARTNER
  • ChangedDRAPKIN, MATTHEW, ADAM · indirect via BC ADVISORS, LLC: title CLASS A MEMBER → MANAGING MEMBER
Mar 12, 2024 filing
  • No longer listedCINA, ADAM · CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER · Less than 5% · listed since Dec 2015
  • AddedBILLIG, RICHARD, BENJAMIN · CHIEF OPERATING OFFICER & CHIEF COMPLIANCE OFFICER · Less than 5% · control person
Mar 30, 2020 filing
  • No longer listedBECKER, STEVEN, ROBERT · CLASS B MEMBER · General partner, trustee or manager · indirect via BC ADVISORS, LLC · listed since Sep 2004
  • No longer listedBECKER, STEVEN, ROBERT · CLASS B LIMITED PARTNER · Less than 5% · listed since Sep 2004
Dec 22, 2015 filing
  • No longer listedSEKIMOTO, ASHLEY · CHIEF COMPLIANCE OFFICER · Less than 5% · listed since Sep 2010
  • AddedCINA, ADAM · CHIEF COMPLIANCE OFFICER AND CHIEF FINANCIAL OFFICER · Less than 5%
Nov 17, 2015 filing
  • ChangedBECKER, STEVEN, ROBERT · indirect via BC ADVISORS, LLC: title MEMBER → CLASS B MEMBER; ownership 75% or more → General partner, trustee or manager; no longer a control person
  • ChangedBECKER, STEVEN, ROBERT · title LIMITED PARTNER → CLASS B LIMITED PARTNER; ownership 50–75% → Less than 5%; no longer a control person
  • ChangedDRAPKIN, MATTHEW, ADAM · title LIMITED PARTNER → CLASS A LIMITED PARTNER; ownership 50–75% → 75% or more
  • ChangedDRAPKIN, MATTHEW, ADAM · indirect via BC ADVISORS, LLC: title MEMBER → CLASS A MEMBER; ownership General partner, trustee or manager → 75% or more
Apr 21, 2014 filing
  • ChangedBECKER, STEVEN, ROBERT · ownership 75% or more → 50–75%
  • ChangedDRAPKIN, MATTHEW, ADAM · ownership 5–10% → 50–75%
Feb 13, 2012 filing (earliest on record)
  • ListedBC ADVISORS, LLC · GENERAL PARTNER · Less than 5% · control person
  • ListedBECKER, STEVEN, ROBERT · MEMBER · 75% or more · indirect via BC ADVISORS, LLC · control person
  • ListedBECKER, STEVEN, ROBERT · LIMITED PARTNER · 75% or more · control person
  • ListedDRAPKIN, MATTHEW, ADAM · LIMITED PARTNER · 5–10% · control person
  • ListedDRAPKIN, MATTHEW, ADAM · MEMBER · General partner, trustee or manager · indirect via BC ADVISORS, LLC · control person
  • ListedSEKIMOTO, ASHLEY · CHIEF COMPLIANCE OFFICER · Less than 5%

Quarter-over-quarter changes

Changes in reported position value vs the prior 13F, so price moves count too, not just shares bought or sold.

Northern Right Capital Management, L.P. Holdings (2026-06-30)

Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).

# Issuer Symbol CUSIP Value Weight Shares Type
1 FTAI AVIATION LTD FTAI G3730V105 $36.0M 10.69% 133,190 SH
2 NEWS CORP NEW NWSA 65249B109 $33.3M 9.88% 1,340,878 SH
3 TKO GROUP HOLDINGS INC TKO 87256C101 $33.2M 9.84% 164,754 SH
4 STRATA CRITICAL MEDICAL INC SRTA 092667104 $25.8M 7.65% 4,890,584 SH
5 TERAWULF INC WULF 88080T104 $19.1M 5.67% 773,594 SH
6 HEWLETT PACKARD ENTERPRISE C HPE 42824C109 $18.0M 5.35% 399,868 SH
7 CENTURI HOLDINGS INC CTRI 155923105 $16.1M 4.77% 531,148 SH
8 CORE SCIENTIFIC INC NEW CORZ 21874A106 $15.9M 4.73% 622,587 SH
9 HUT 8 CORP HUT 44812J104 $15.9M 4.71% 137,356 SH
10 ECHOSTAR CORP ECHO 278768106 $15.6M 4.62% 153,377 SH
11 DUOS TECHNOLOGIES GROUP INC DUOT 266042407 $14.6M 4.34% 1,219,122 SH
12 ZOOM COMMUNICATIONS INC ZM 98980L101 $13.6M 4.02% 157,049 SH
13 EBAY INC. EBAY 278642103 $10.4M 3.08% 93,000 SH
14 ARES MANAGEMENT CORPORATION ARES 03990B101 $9.5M 2.80% 84,903 SH
15 COMSTOCK INC LODE 205750409 $9.3M 2.77% 2,246,637 SH
16 GREAT ELM GROUP INC GEG 39037G109 $9.3M 2.75% 4,243,168 SH
17 APOLLO GLOBAL MGMT INC APO 03769M106 $7.3M 2.15% 61,339 SH
18 YUM BRANDS INC YUM 988498101 $6.4M 1.90% 40,000 SH
19 BROOKFIELD RENEWABLE ENERGY BEP G16258108 $6.2M 1.85% 179,871 SH
20 NEBIUS GROUP N.V. NBIS N97284108 $4.2M 1.25% 15,290 SH
21 ENERGY TRANSFER L P ET 29273V100 $4.1M 1.21% 212,512 SH
22 NEWS CORP NEW NWS 65249B208 $3.9M 1.17% 140,459 SH
23 HYPERLIQUID STRATEGIES INC PURR 44916Y106 $2.8M 0.82% 350,000 SH
24 SPHERE ENTERTAINMENT CO SPHR 55826T102 $2.6M 0.77% 15,000 SH
25 GREAT ELM CAP CORP GECC 390320703 $2.1M 0.62% 383,971 SH
26 APARTMENT INVT & MGMT CO AIV 03748R747 $1.4M 0.42% 479,342 SH
27 ADEIA INC ADEA 00676P107 $500.5K 0.15% 15,200 SH
Filing History
Period Filed AUM Holdings Accession
2026-06-30 2026-08-14 $336.9M 27 0001346543-26-000005
2026-03-31 2026-05-15 $281.0M 25 0001346543-26-000003
2025-12-31 2026-02-17 $380.9M 27 0001346543-26-000002
2025-09-30 2025-11-14 $323.1M 24 0001346543-25-000009
Filer Information
Address
9 OLD KINGS HWY. S.
4TH FLOOR
DARIEN, CT 06820
Phone
(203) 951-6084
Filing Manager
Northern Right Capital Management, L.P.
DARIEN, CT
Signatory
Richard Billig
Chief Compliance Officer & Chief Operating Officer