Northern Right Capital Management, L.P. is an investment fund managing more than $271 billion ran by Richard Billig. There are currently 27 companies in Mr. Billig’s portfolio. The largest investments include News Corp and Apollo Global Mgmt Inc, together worth $58.1 billion.
As of 7th August 2024, Northern Right Capital Management, L.P.’s top holding is 1,172,769 shares of News Corp currently worth over $32.4 billion and making up 12.0% of the portfolio value.
Relative to the number of outstanding shares of News Corp, Northern Right Capital Management, L.P. owns more than approximately 0.1% of the company.
In addition, the fund holds 217,679 shares of Apollo Global Mgmt Inc worth $25.7 billion.
The third-largest holding is IAC Inc worth $22.4 billion and the next is Madison Square Grdn Sprt Cor worth $19 billion, with 100,831 shares owned.
Currently, Northern Right Capital Management, L.P.'s portfolio is worth at least $271 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Northern Right Capital Management, L.P. office and employees reside in Darien, Connecticut. According to the last 13-F report filed with the SEC, Richard Billig serves as the Chief Compliance Officer & Chief Operating Officer at Northern Right Capital Management, L.P..
In the most recent 13F filing, Northern Right Capital Management, L.P. revealed that it had opened a new position in
KBR Inc and bought 195,085 shares worth $12.5 billion.
This means they effectively own approximately 0.1% of the company.
KBR Inc makes up
29.4%
of the fund's Industrials sector allocation and has grown its share price by 5.5% in the past year.
The investment fund also strengthened its position in IAC Inc by buying
77,500 additional shares.
This makes their stake in IAC Inc total 478,273 shares worth $22.4 billion.
IAC Inc dropped 12.4% in the past year.
On the other hand, there are companies that Northern Right Capital Management, L.P. is getting rid of from its portfolio.
Northern Right Capital Management, L.P. closed its position in Ermenegildo Zegna N V on 14th August 2024.
It sold the previously owned 750,684 shares for $11 billion.
Richard Billig also disclosed a decreased stake in News Corp by approximately 0.1%.
This leaves the value of the investment at $32.4 billion and 1,172,769 shares.
The two most similar investment funds to Northern Right Capital Management, L.P. are Blue Zone Wealth Advisors and Rfp. They manage $271 billion and $270 billion respectively.
Northern Right Capital Management, L.P.’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Industrials — making up 15.7% of
the total portfolio value.
The fund focuses on investments in the United States as
55.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
22% of the total holdings value.
On the other hand, small-cap stocks make up only 7.4% of the portfolio.
The average market cap of the portfolio companies is close to $10.8 billion.
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| News Corp |
2.39%
1,172,769
|
$32,436,118,000 | 11.99% |
| Apollo Global Mgmt Inc |
0.91%
217,679
|
$25,701,360,000 | 9.50% |
| IAC Inc |
19.34%
478,273
|
$22,407,090,000 | 8.28% |
| Madison Square Grdn Sprt Cor |
10.40%
100,831
|
$18,969,336,000 | 7.01% |
| Madison Square Garden Entmt |
1.28%
516,868
|
$17,692,392,000 | 6.54% |
| Ares Management Corp |
12.66%
130,906
|
$17,447,152,000 | 6.45% |
| Rithm Capital Corp |
30.81%
1,450,626
|
$15,826,330,000 | 5.85% |
| FTAI Aviation Ltd |
2.21%
134,845
|
$13,920,049,000 | 5.14% |
| KBR Inc |
Opened
195,085
|
$12,512,752,000 | 4.62% |
| Howard Hughes Corporation |
Opened
192,873
|
$12,502,028,000 | 4.62% |
| Ermenegildo Zegna N V |
Closed
750,684
|
$10,997,521,000 | |
| Maplebear Inc |
Closed
245,000
|
$9,136,050,000 | |
| TransUnion |
7.83%
116,534
|
$8,642,161,000 | 3.19% |
| Great Elm Cap Corp |
No change
798,471
|
$8,523,678,000 | 3.15% |
| Great Elm Group Inc |
1.19%
4,243,168
|
$7,637,702,000 | 2.82% |
| WEX Inc |
245.94%
41,959
|
$7,432,617,000 | 2.75% |
| Jack In The Box, Inc. |
Closed
102,672
|
$7,030,979,000 | |
| Yum Brands Inc. |
Closed
50,000
|
$6,932,500,000 | |
| Midcap Financial Invstmnt Co |
1.56%
435,536
|
$6,594,015,000 | 2.44% |
| Sphere Entertainment Co |
Closed
128,269
|
$6,295,443,000 | |
| MGM Resorts International |
3.75%
124,578
|
$5,536,246,000 | 2.05% |
| Ag Mtg Invt Tr Inc |
0.62%
828,816
|
$5,503,338,000 | 2.03% |
| Boyd Gaming Corp. |
6.96%
98,466
|
$5,425,477,000 | 2.01% |
| Hut 8 Corp |
Opened
300,000
|
$4,497,000,000 | 1.66% |
| Energy Transfer L P |
20.61%
269,738
|
$4,375,150,000 | 1.62% |
| Uber Technologies Inc |
17.92%
58,941
|
$4,283,832,000 | 1.58% |
| Blade Air Mobility Inc |
3.69%
1,156,600
|
$4,024,968,000 | 1.49% |
| Veradigm Inc |
Closed
450,000
|
$3,465,000,000 | |
| Identiv Inc |
23.28%
667,977
|
$2,872,301,000 | 1.06% |
| Applied Digital Corp |
Opened
475,000
|
$2,826,250,000 | 1.04% |
| Ast Spacemobile Inc |
Closed
921,748
|
$2,673,069,000 | |
| MPLX LP |
Opened
31,320
|
$1,333,919,000 | 0.49% |
| Digitalbridge Group Inc |
Opened
76,925
|
$1,053,873,000 | 0.39% |
| Regis Corp. |
Opened
26,571
|
$611,133,000 | 0.23% |
| Buzzfeed Inc |
Closed
1,110,309
|
$518,625,000 | |
| No transactions found | |||
| Showing first 500 out of 35 holdings | |||