NR
North Run Capital, LP Historical SEC 13F Holdings & Archive (Q4 2022)
North Run Capital, LPCIK: 0001212897
Quality / disciplined sizingLong-term holder
Total reported value
$43.5M
Reporting period: 2022-12-31 · Number of holdings: 25
NORTH RUN CAPITAL, LP disclosed 25 holdings in its latest 13F filing for the period ending 2022-12-31, with total reported value of $43.5M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 28.88
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 0
- Diversification
- 50
- Sizing Uniformity
- 90.84
Sector classification currently covers about 12% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNew buy SMWB
Add VRNS
+306.7% $2.1M
Trim SILC
-60.8% -$2.8M
Sold out 15957P105
Trim LNSR
+17.3% -$1.9M
Trim AIRG
-28.2% -$1.4M
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | AIOT | Powerfleet Inc | Stock-Other | 16.65% | +1.84% | +13.86% | |
| 2 | SQNS | Sequans Communications S.A. | Stock-Other | 9.69% | +0.80% | +3.66% | |
| 3 | LNSR | Lensar Inc | Stock-Other | 7.45% | -3.09% | +17.32% | |
| 4 | VRNS | Varonis Systems Inc | Stock-Tech | 6.71% | +5.09% | +306.67% | |
| 5 | AIRG | Airgain Inc | Stock-Other | 5.92% | -2.15% | -28.16% | |
| 6 | MXCT | Maxcyte Inc | Stock-Other | 5.67% | -1.68% | -18.85% | |
| 7 | SUMO2EUR | Sumo Logic Inc | Stock-Other | 5.67% | +1.32% | +6.65% | |
| 8 | SILC | Silicom Ltd. | Stock-Other | 5.56% | -4.95% | -60.77% | |
| 9 | SMWB | Similarweb Ltd. | Stock-Other | 5.54% | +5.54% | NEW | |
| 10 | PEGA | Pegasystems Inc | Stock-Tech | 5.19% | +0.92% | +0.76% | |
| 11 | 35OB | Sculptor Capital Management | Stock-Other | 4.46% | +0.40% | -0.91% | |
| 12 | OLOGBX | Olo Inc - Class A | Stock-Other | 2.72% | -0.52% | -6.19% | |
| 13 | CSTM | Constellium SE | Stock-Other | 2.53% | +0.62% | +0.81% | |
| 14 | SMTI | Sanara Medtech Inc | Stock-Other | 2.51% | +1.06% | — | |
| 15 | KLR1USD | Kaleyra Inc | Stock-Other | 2.27% | -0.29% | +0.70% | |
| 16 | SAC-WT | Safeguard Acquisition Corp. WT | Stock-Other | 1.98% | -0.12% | +0.16% | |
| 17 | ✓ | Cyberark Software LTD. Cmn | Stock-Other | 1.88% | -0.04% | — | |
| 18 | NEWREUR | New Relic Inc | Stock-Other | 1.84% | +0.18% | — | |
| 19 | STXS | Stereotaxis Inc | Stock-Other | 1.53% | +0.61% | +28.50% | |
| 20 | MX | Magnachip Semiconductor CORP | Stock-Other | 1.36% | +0.05% | — | |
| 21 | 7AR0 | Charah Solutions Inc | Stock-Other | 1.15% | +1.15% | NEW | |
| 22 | BKD | Brookdale Senior Living Inc | Stock-Other | 0.92% | -0.35% | — | |
| 23 | IVCUSD | Invacare CORP | Stock-Other | 0.43% | -0.27% | — | |
| 24 | PFSWUSD | Pfsweb Inc | Stock-Other | 0.39% | -0.97% | -61.98% | |
| 25 | ✓ | Kaleyra Inc - Cw23 | Stock-Other | 0.01% | — | — |
* This report is exclusively curated by the AlphaSMO team. AlphaSMO is the web's most authoritative 13F / Inside Trader database, delivering precise insider trading and institutional holdings insights.
Portfolio Performance
Performance for Q3 2026
-0.3%
Performance Last 4 Quarters
-28.2%
Based on 77% of reported portfolio value with available pricing
- Stdev
- +50.2%
- Beta
- +0.91
- Alpha
- -36.1%
- Max Drawdown
- -73.1%
- Annualized Perf
- -28.3%
- Batting Avg vs S&P
- +38.9%
- Sortino
- -0.45
- Stutzer
- -0.11
- Treynor
- -0.2
- Sterling
- -0.49
- Calmar
- -0.39
- Information Ratio
- -0.78
- Tracking Error
- +48.9%
- Stdev Down
- +39.6%
- Winning Months %
- +38.9%
- Losing Months %
- +61.1%
- Best 12 Months
- +47.8%
- Worst 12 Months
- -54.6%
- Efficiency Ratio
- +0.18
- Sharpe
- -0.36
- Stdev Sectors
- 0%
- Skewness
- -0.88
- Kurtosis
- +4.05
- Upside Potential
- +1.26
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2022 Q4 | 25 | $43.5M | 0 | ||
| 2022 Q3 | 25 | $49.2M | 0 | ||
| 2022 Q2 | 24 | $48.8M | 0 | ||
| 2022 Q1 | 21 | $68.0M | 0 | ||
| 2021 Q4 | 20 | $130.1M | 0 | ||
| 2021 Q3 | 21 | $138.7M | 0 | ||
| 2021 Q2 | 18 | $137.7M | 0 | ||
| 2021 Q1 | 19 | $135.7M | 78 | ||
| 2020 Q4 | 16 | $86.0M | 45 | ||
| 2020 Q3 | 18 | $86.5M | 40 | ||
| 2020 Q2 | 16 | $72.9M | 100 | ||
| 2020 Q1 | 21 | $94.8M | 0 | ||
| 2019 Q4 | 22 | $127.2M | 47 | ||
| 2019 Q3 | 21 | $133.1M | 41 | ||
| 2019 Q2 | 26 | $147.5M | 40 | ||
| 2019 Q1 | 22 | $156.8M | 78 | ||
| 2018 Q4 | 19 | $132.9M | 74 | ||
| 2018 Q3 | 21 | $201.1M | 47 | ||
| 2018 Q2 | 19 | $185.6M | 44 | ||
| 2018 Q1 | 19 | $180.7M | 73 | ||
| 2017 Q4 | 15 | $163.7M | 35 | ||
| 2017 Q3 | 15 | $212.7M | 52 | ||
| 2017 Q2 | 12 | $187.7M | 58 | ||
| 2017 Q1 | 17 | $281.4M | 54 | ||
| 2016 Q4 | 19 | $327.4M | 70 | ||
| 2016 Q3 | 27 | $636.8M | 39 | ||
| 2016 Q2 | 28 | $606.8M | 46 | ||
| 2016 Q1 | 28 | $729.8M | 79 | ||
| 2015 Q4 | 30 | $847.4M | 70 | ||
| 2015 Q3 | 32 | $1.0B | 38 | ||
| 2015 Q2 | 26 | $1.0B | 52 | ||
| 2015 Q1 | 24 | $913.7M | 50 | ||
| 2014 Q4 | 27 | $1.1B | 46 | ||
| 2014 Q3 | 28 | $1.1B | 51 | ||
| 2014 Q2 | 28 | $1.0B | 35 | ||
| 2014 Q1 | 30 | $983.9M | 55 | ||
| 2013 Q4 | 24 | $789.4M | 55 | ||
| 2013 Q3 | 26 | $768.0M | 43 | ||
| 2013 Q2 | 32 | $860.7M | 0 |
Holding changes this quarter
North Run Capital, LP's most significant position changes for 2022-12-31: New buy: Similarweb Ltd. (SMWB); Sold out: Charah Solutions Inc; Sold out: ; New buy: Charah Solutions Inc (7AR0); Add: Varonis Systems Inc (VRNS) — shares +306.67%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | SMWB | Similarweb Ltd. | +5.5% | NEW | New buy |
| 2 | VRNS | Varonis Systems Inc | +5.1% | +306.67% | Add |
| 3 | AIOT | Powerfleet Inc | +1.8% | +13.86% | Add |
| 4 | SUMO2EUR | Sumo Logic Inc | +1.3% | +6.65% | Add |
| 5 | 7AR0 | Charah Solutions Inc | +1.2% | NEW | New buy |
| 6 | SMTI | Sanara Medtech Inc | +1.1% | — | Unchanged |
| 7 | PEGA | Pegasystems Inc | +0.9% | +0.76% | Add |
| 8 | SQNS | Sequans Communications S.A. | +0.8% | +3.66% | Add |
| 9 | CSTM | Constellium SE | +0.6% | +0.81% | Add |
| 10 | STXS | Stereotaxis Inc | +0.6% | +28.50% | Add |
| 11 | 35OB | Sculptor Capital Management | +0.4% | -0.91% | Trim |
| 12 | NEWREUR | New Relic Inc | +0.2% | — | Unchanged |
| 13 | MX | Magnachip Semiconductor CORP | +0.1% | — | Unchanged |
| 14 | ✓ | Kaleyra Inc - Cw23 | — | — | Unchanged |
| 15 | ✓ | Cyberark Software LTD. Cmn | 0% | — | Unchanged |
| 16 | SAC-WT | Safeguard Acquisition Corp. WT | -0.1% | +0.16% | Add |
| 17 | IVCUSD | Invacare CORP | -0.3% | — | Unchanged |
| 18 | KLR1USD | Kaleyra Inc | -0.3% | +0.70% | Add |
| 19 | BKD | Brookdale Senior Living Inc | -0.4% | — | Unchanged |
| 20 | OLOGBX | Olo Inc - Class A | -0.5% | -6.19% | Trim |
| 21 | PFSWUSD | Pfsweb Inc | -1% | -61.98% | Trim |
| 22 | ✓ | -1.3% | EXIT | Sold out | |
| 23 | MXCT | Maxcyte Inc | -1.7% | -18.85% | Trim |
| 24 | AIRG | Airgain Inc | -2.2% | -28.16% | Trim |
| 25 | LNSR | Lensar Inc | -3.1% | +17.32% | Add |
| 26 | ✓ | Charah Solutions Inc | -3.9% | EXIT | Sold out |
| 27 | SILC | Silicom Ltd. | -5% | -60.77% | Trim |
Filing History
FAQ
What is North Run Capital, LP and what type of investor is it?
North Run Capital, LP is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2022-12-31), the firm manages a tracked equity portfolio valued at approximately $43.5M, spread across 25 disclosed positions.
What are North Run Capital, LP's largest equity positions?
Based on the latest 13F filing, North Run Capital, LP's top holdings by market value are:
1. Powerfleet Inc (AIOT) — $7.2M (16.6%)
2. Sequans Communications S.A. (SQNS) — $4.2M (9.7%)
3. Lensar Inc (LNSR) — $3.2M (7.5%)
4. Varonis Systems Inc (VRNS) — $2.9M (6.7%)
5. Airgain Inc (AIRG) — $2.6M (5.9%)
What changes did North Run Capital, LP make in its most recent portfolio filing?
In the latest reported quarter, North Run Capital, LP made 20 notable position adjustments: 2 new positions were initiated, 10 existing holdings were added to, 6 positions were partially reduced, and 2 were completely exited. The largest of these moves: New buy: Similarweb Ltd. (SMWB); Sold out: Charah Solutions Inc; Sold out: ; New buy: Charah Solutions Inc (7AR0); Add: Varonis Systems Inc (VRNS) — shares +306.67%
What sectors does North Run Capital, LP focus on?
North Run Capital, LP is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 100.0%
Investment Profile
North Run Capital, LP returned an annualized -28.3% over the trailing 36 months — underperforming the S&P 500 by 36.1 points — based on a reconstructed track record of its disclosed 13F positions, with a beta of 0.91 (roughly in line with the market) and a 39% quarterly batting average against the index.
Its portfolio is broadly diversified and long-term-holding, with 100.0% of the portfolio concentrated in Information Technology.
It has added to its PEGA position over the past two quarters (+$1.4M, now $2.3M), while trimming SILC over the same stretch (-$3.0M, still holding $2.4M).
Peer Institutions
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SI
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CIK 0001841989
Total reported value
$43.5M
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Concentration10.5
Portfolio Stability0.0
Sector conviction45.9
AUM within 0.0% of this institution
View detail
WA
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CIK 0001423875
Total reported value
$43.6M
17 stks
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Concentration33.8
Portfolio Stability63.0
Sector conviction0.0
AUM within 0.1% of this institution
View detail
B&
Bill & Melinda Gates Foundation
CIK 0001663801
Total reported value
$43.5M
5 stks
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Stale — no recent filing
Concentration100.0
Portfolio Stability0.0
Sector conviction0.0
AUM within 0.1% of this institution
View detail
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Developer Access
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