North Run Capital, L.P. 13F annual report
North Run Capital, L.P. is an investment fund managing more than $43.5 billion ran by Thomas Llc,. There are currently 24 companies in Mr. Llc,’s portfolio. The largest investments include PowerFleet Inc and Sequans Communications S.A, together worth $11.5 billion.
$43.5 billion Assets Under Management (AUM)
As of 7th February 2023, North Run Capital, L.P.’s top holding is 2,694,646 shares of PowerFleet Inc currently worth over $7.25 billion and making up 16.7% of the portfolio value.
Relative to the number of outstanding shares of PowerFleet Inc, North Run Capital, L.P. owns less than approximately 0.1% of the company.
In addition, the fund holds 1,270,034 shares of Sequans Communications S.A worth $4.22 billion, whose value fell approximately 0.1% in the past six months.
The third-largest holding is Lensar Inc worth $3.25 billion and the next is Varonis Sys Inc worth $2.92 billion, with 122,000 shares owned.
Currently, North Run Capital, L.P.'s portfolio is worth at least $43.5 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.
Careers at North Run Capital, L.P.
The North Run Capital, L.P. office and employees reside in Boston, Massachusetts. According to the last 13-F report filed with the SEC, Thomas Llc, serves as the the General Partner of North Run Capital, LP at North Run Capital, L.P..
Recent trades
In the most recent 13F filing, North Run Capital, L.P. revealed that it had opened a new position in
Varonis Sys Inc and bought 122,000 shares worth $2.92 billion.
The investment fund also strengthened its position in PowerFleet Inc by buying
207,744 additional shares.
This makes their stake in PowerFleet Inc total 2,694,646 shares worth $7.25 billion.
PowerFleet Inc dropped 24.2% in the past year.
On the other hand, there are companies that North Run Capital, L.P. is getting rid of from its portfolio.
North Run Capital, L.P. closed its position in Charah Solutions Inc on 14th February 2023.
It sold the previously owned 1,066,483 shares for $3.99 million.
Thomas Llc, also disclosed a decreased stake in Airgain Inc by 0.2%.
This leaves the value of the investment at $2.58 billion and 395,801 shares.
One of the smaller hedge funds
The two most similar investment funds to North Run Capital, L.P. are Bertram Growth Capital Iii (gp), L.L.C and Riverpark Capital Management. They manage $43.6 billion and $43.2 billion respectively.
Thomas Llc, investment strategy
North Run Capital, L.P.’s portfolio is diversified across 7 sectors.
Currently, their heaviest sector is Technology — making up 53.7% of
the total portfolio value.
The fund focuses on investments in the United States as
45.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
25% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $990 million.
The complete list of North Run Capital, L.P. trades based on 13F SEC filings
These positions were updated on February 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 |
|---|---|---|---|
| PowerFleet Inc |
8.35%
2,694,646
|
$7,248,598,000 | 16.65% |
| Sequans Communications S.A |
0.67%
1,270,034
|
$4,216,513,000 | 9.69% |
| Lensar Inc |
19.89%
1,096,406
|
$3,245,362,000 | 7.45% |
| Varonis Sys Inc |
Opened
122,000
|
$2,920,680,000 | 6.71% |
| Airgain Inc |
24.74%
395,801
|
$2,576,665,000 | 5.92% |
| Maxcyte Inc |
29.27%
451,960
|
$2,467,702,000 | 5.67% |
| Sumo Logic, Inc. |
28.32%
304,510
|
$2,466,531,000 | 5.67% |
| Silicom Ltd |
64.06%
57,422
|
$2,420,337,000 | 5.56% |
| Similarweb Ltd. |
Opened
375,000
|
$2,411,250,000 | 5.54% |
| Pegasystems Inc. |
275.24%
65,930
|
$2,257,443,000 | 5.19% |
| Sculptor Cap Mgmt |
14.54%
224,106
|
$1,940,758,000 | 4.46% |
| Olo Inc |
Opened
189,520
|
$1,184,500,000 | 2.72% |
| Constellium SE |
18.00%
93,220
|
$1,102,793,000 | 2.53% |
| Sanara MedTech Inc. |
No change
24,000
|
$1,092,000,000 | 2.51% |
| Kaleyra Inc |
5.15%
1,305,958
|
$986,129,000 | 2.27% |
| Safeguard Scientifics, Inc. |
12.48%
277,728
|
$860,957,000 | 1.98% |
| CyberArk Software Ltd |
13.61%
6,315
|
$818,740,000 | 1.88% |
| New Relic Inc |
64.23%
14,200
|
$801,590,000 | 1.84% |
| Stereotaxis, Inc. |
65.81%
322,750
|
$668,093,000 | 1.53% |
| MagnaChip Semiconductor Corp |
42.03%
63,110
|
$592,603,000 | 1.36% |
| Charah Solutions Inc |
Opened
92,520
|
$499,608,000 | 1.15% |
| Brookdale Sr Living Inc |
No change
146,650
|
$400,355,000 | 0.92% |
| Invacare Corp. |
3.27%
443,730
|
$186,367,000 | 0.43% |
| PFSWEB Inc |
61.98%
27,330
|
$168,080,000 | 0.39% |
| Charah Solutions Inc |
Closed
1,066,483
|
$3,989,000 | |
| ForgeRock, Inc. |
Closed
26,110
|
$559,000 | |
| No transactions found | |||
| Showing first 500 out of 26 holdings | |||
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