Northern Right Capital Management, L.P. Quant / Systematic

CIK: 0001346543 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $380,866 (100.0% shares, 0.0% debt)

Holdings (27)

New Positions (6)

FTAI FTAI AVIATION LTD 5.9%

Value ($000) $22,441 Shares 114,000 Est. Cost $170.24 Unrealized 0.0%

SRTA STRATA CRITICAL MEDICAL INC 3.6%

Value ($000) $13,800 Shares 2,869,014 Est. Cost $4.84 Unrealized 0.0%

FLUT FLUTTER ENTMT PLC 2.2%

Value ($000) $8,312 Shares 38,654 Est. Cost $224.90 Unrealized 0.0%

AIV APARTMENT INVT & MGMT CO 0.6%

Value ($000) $2,156 Shares 363,042 Est. Cost $5.94 Unrealized —

LION LIONSGATE STUDIOS CORP 0.3%

Value ($000) $1,198 Shares 131,226 Est. Cost $7.11 Unrealized 0.0%

SSTI SOUNDTHINKING INC 0.2%

Value ($000) $741 Shares 92,260 Est. Cost $8.72 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FTAI	FTAI AVIATION LTD	114,000	$22,441	5.9%	$170.24	0.0%	SHS	G3730V105
SRTA	STRATA CRITICAL MEDICAL INC	2,869,014	$13,800	3.6%	$4.84	0.0%	CL A COM	092667104
FLUT	FLUTTER ENTMT PLC	38,654	$8,312	2.2%	$224.90	0.0%	SHS	G3643J108
AIV	APARTMENT INVT & MGMT CO	363,042	$2,156	0.6%	$5.94	—	CL A	03748R747
LION	LIONSGATE STUDIOS CORP	131,226	$1,198	0.3%	$7.11	0.0%	COM	53626N102
SSTI	SOUNDTHINKING INC	92,260	$741	0.2%	$8.72	0.0%	COM	82536T107

Increased Positions (11)

SATS ECHOSTAR CORP 7.4%

Value ($000) $28,069 (+153.5%) Shares 258,223 (+78.1%) Est. Cost $61.13 Unrealized +33.2%

FOX FOX CORP 6.4%

Value ($000) $24,325 (+86.9%) Shares 374,629 (+64.9%) Est. Cost $54.87 Unrealized +6.4%

DBRG DIGITALBRIDGE GROUP INC 7.1%

Value ($000) $26,950 (+66.5%) Shares 1,756,872 (+27.0%) Est. Cost $11.34 Unrealized +5.9%

CTRI CENTURI HOLDINGS INC 3.7%

Value ($000) $14,088 (+107.2%) Shares 557,938 (+73.7%) Est. Cost $21.70 Unrealized +3.0%

ARES ARES MANAGEMENT CORPORATION 5.2%

Value ($000) $19,935 (+48.1%) Shares 123,338 (+46.5%) Est. Cost $72.48 Unrealized +113.8%

TKO TKO GROUP HOLDINGS INC 7.0%

Value ($000) $26,820 (+29.9%) Shares 128,326 (+25.5%) Est. Cost $147.81 Unrealized +31.1%

NWSA NEWS CORP NEW 8.2%

Value ($000) $31,241 (-12.9%) Shares 1,196,066 (+2.5%) Est. Cost $20.27 Unrealized +29.4%

SMRT SMARTRENT INC 1.8%

Value ($000) $7,029 (+88.0%) Shares 3,479,459 (+31.2%) Est. Cost $1.37 Unrealized +19.8%

BEP BROOKFIELD RENEWABLE PARTNER 1.1%

Value ($000) $4,380 (+121.7%) Shares 162,398 (+112.0%) Est. Cost $25.49 Unrealized —

HHH HOWARD HUGHES HOLDINGS INC 7.1%

Value ($000) $26,877 (+8.1%) Shares 336,926 (+11.4%) Est. Cost $70.51 Unrealized +17.5%

RITM RITHM CAPITAL CORP 5.2%

Value ($000) $19,858 (+2.7%) Shares 1,821,861 (+7.3%) Est. Cost $11.07 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SATS	ECHOSTAR CORP	258,223 (+78.1%)	$28,069 (+153.5%)	7.4%	$61.13	+33.2%	CL A	278768106
FOX	FOX CORP	374,629 (+64.9%)	$24,325 (+86.9%)	6.4%	$54.87	+6.4%	CL B COM	35137L204
DBRG	DIGITALBRIDGE GROUP INC	1,756,872 (+27.0%)	$26,950 (+66.5%)	7.1%	$11.34	+5.9%	CL A NEW	25401T603
CTRI	CENTURI HOLDINGS INC	557,938 (+73.7%)	$14,088 (+107.2%)	3.7%	$21.70	+3.0%	COM SHS	155923105
ARES	ARES MANAGEMENT CORPORATION	123,338 (+46.5%)	$19,935 (+48.1%)	5.2%	$72.48	+113.8%	CL A COM STK	03990B101
TKO	TKO GROUP HOLDINGS INC	128,326 (+25.5%)	$26,820 (+29.9%)	7.0%	$147.81	+31.1%	CL A	87256C101
NWSA	NEWS CORP NEW	1,196,066 (+2.5%)	$31,241 (-12.9%)	8.2%	$20.27	+29.4%	CL A	65249B109
SMRT	SMARTRENT INC	3,479,459 (+31.2%)	$7,029 (+88.0%)	1.8%	$1.37	+19.8%	COM CL A	83193G107
BEP	BROOKFIELD RENEWABLE PARTNER	162,398 (+112.0%)	$4,380 (+121.7%)	1.1%	$25.49	—	PARTNERSHIP UNIT	G16258108
HHH	HOWARD HUGHES HOLDINGS INC	336,926 (+11.4%)	$26,877 (+8.1%)	7.1%	$70.51	+17.5%	COM	44267T102
RITM	RITHM CAPITAL CORP	1,821,861 (+7.3%)	$19,858 (+2.7%)	5.2%	$11.07	—	COM NEW	64828T201

Exited Positions (3)

PINS PINTEREST INC 5.6%

Value ($000) $21,267 Shares 661,096 Est. Cost $35.35 Unrealized -18.6%

NCLH NORWEGIAN CRUISE LINE HLDG L 5.1%

Value ($000) $19,476 Shares 790,760 Est. Cost $24.29 Unrealized -13.1%

VRT VERTIV HOLDINGS CO 2.3%

Value ($000) $8,853 Shares 58,684 Est. Cost $133.31 Unrealized +30.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PINS	PINTEREST INC	661,096	$21,267	5.6%	$35.35	-18.6%	—	72352L106
NCLH	NORWEGIAN CRUISE LINE HLDG L	790,760	$19,476	5.1%	$24.29	-13.1%	—	G66721104
VRT	VERTIV HOLDINGS CO	58,684	$8,853	2.3%	$133.31	+30.2%	—	92537N108

Decreased Positions (5)

APO APOLLO GLOBAL MGMT INC 5.0%

Value ($000) $19,122 (-22.9%) Shares 132,095 (-29.1%) Est. Cost $68.95 Unrealized +92.3%

HUT HUT 8 CORP 7.3%

Value ($000) $27,711 (+16.2%) Shares 603,201 (-11.9%) Est. Cost $14.04 Unrealized +213.9%

MSGE MADISON SQUARE GARDEN ENTMT 5.2%

Value ($000) $19,744 (-8.3%) Shares 366,377 (-23.0%) Est. Cost $34.25 Unrealized +40.4%

MPLX MPLX LP 0.5%

Value ($000) $1,870 (-20.9%) Shares 35,038 (-26.0%) Est. Cost $43.32 Unrealized —

ET ENERGY TRANSFER L P 0.9%

Value ($000) $3,504 (-11.9%) Shares 212,512 (-8.3%) Est. Cost $12.20 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
APO	APOLLO GLOBAL MGMT INC	132,095 (-29.1%)	$19,122 (-22.9%)	5.0%	$68.95	+92.3%	COM	03769M106
HUT	HUT 8 CORP	603,201 (-11.9%)	$27,711 (+16.2%)	7.3%	$14.04	+213.9%	COM	44812J104
MSGE	MADISON SQUARE GARDEN ENTMT	366,377 (-23.0%)	$19,744 (-8.3%)	5.2%	$34.25	+40.4%	COM CL A	558256103
MPLX	MPLX LP	35,038 (-26.0%)	$1,870 (-20.9%)	0.5%	$43.32	—	COM UNIT REP LTD	55336V100
ET	ENERGY TRANSFER L P	212,512 (-8.3%)	$3,504 (-11.9%)	0.9%	$12.20	—	COM UT LTD PTN	29273V100

Unchanged Positions (5)

DUOT DUOS TECHNOLOGIES GROUP INC 2.3%

Value ($000) $8,748 Shares 777,626 Est. Cost $7.12 Unrealized +31.8%

GECC GREAT ELM CAP CORP 1.5%

Value ($000) $5,625 Shares 798,471 Est. Cost $8.24 Unrealized -11.8%

NWS NEWS CORP NEW 1.1%

Value ($000) $4,162 Shares 140,459 Est. Cost $22.58 Unrealized +32.1%

GEG GREAT ELM GROUP INC 2.8%

Value ($000) $10,820 Shares 4,243,168 Est. Cost $2.25 Unrealized +11.0%

CART MAPLEBEAR INC 0.4%

Value ($000) $1,339 Shares 29,778 Est. Cost $44.19 Unrealized -7.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DUOT	DUOS TECHNOLOGIES GROUP INC	777,626	$8,748	2.3%	$7.12	+31.8%	COM	266042407
GECC	GREAT ELM CAP CORP	798,471	$5,625	1.5%	$8.24	-11.8%	COM NEW	390320703
NWS	NEWS CORP NEW	140,459	$4,162	1.1%	$22.58	+32.1%	CL B	65249B208
GEG	GREAT ELM GROUP INC	4,243,168	$10,820	2.8%	$2.25	+11.0%	COM NEW	39037G109
CART	MAPLEBEAR INC	29,778	$1,339	0.4%	$44.19	-7.4%	COM	565394103