North Run Capital, LP

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/Contrarian: 50
Sector conviction: 0
Diversification: 50
Sizing Uniformity: 90.84

Recent moves

New 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
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	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%	—	—

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2022-12-31	25	$43.5M	0	1AIOT 2SQNS 3LNSR Top holdings2022-12-31 1.AIOT 2.SQNS 3.LNSR 4.VRNS 5.AIRG 6.MXCT 7.SUMO2EUR 8.SILC 9.SMWB 10.PEGA
2022-09-30	25	$49.2M	0	1AIOT 2LNSR 3SILC Top holdings2022-09-30 1.AIOT 2.LNSR 3.SILC 4.SQNS 5.AIRG 6.MXCT 7.SUMO2EUR 8.PEGA 9.35OB 10.15957P
2022-06-30	24	$48.8M	0	1LNSR 2AIOT 3SILC Top holdings2022-06-30 1.LNSR 2.AIOT 3.SILC 4.AIRG 5.15957P 6.SQNS 7.MXCT 8.KLR1USD 9.NEWREUR 10.SUMO2EUR
2022-03-31	21	$68.0M	0	115957P2AIOT 3LNSR Top holdings2022-03-31 1.15957P 2.AIOT 3.LNSR 4.SILC 5.KLR1USD 6.AIRG 7.PFSWUSD 8.MXCT 9.SQNS 10.PEGA
2021-12-31	20	$130.1M	0	1NEWREUR 2KLR1USD 3SILC Top holdings2021-12-31 1.NEWREUR 2.KLR1USD 3.SILC 4.AIOT 5.15957P 6.PFSWUSD 7.AIRG 8.SQNS 9.SAC-WT 10.MX
2021-09-30	21	$138.7M	0	1AIOT 2KLR1USD 3SILC Top holdings2021-09-30 1.AIOT 2.KLR1USD 3.SILC 4.M2682V 5.15957P 6.PFSWUSD 7.AIRG 8.NEWREUR 9.SAC-WT 10.PEGA
2021-06-30	18	$137.7M	0	1KLR1USD 2AIOT3M2682V Top holdings2021-06-30 1.KLR1USD 2.AIOT 3.M2682V 4.15957P 5.NEWREUR 6.AIRG 7.SILC 8.PEGA 9.PFSWUSD 10.SAC-WT
2021-03-31	19	$135.7M	78	1MX 2AIOT 3KLR1USD Top holdings2021-03-31 1.MX 2.AIOT 3.KLR1USD 4.M2682V 5.15957P 6.PEGA 7.NEWREUR 8.LMB 9.AIRG 10.DGII
2020-12-31	16	$86.0M	45	1AIOT 2MX3M2682V Top holdings2020-12-31 1.AIOT 2.MX 3.M2682V 4.15957P 5.KLR1USD 6.DGII 7.HA7 8.LORLUSD 9.CSTM 10.BKD
2020-09-30	18	$86.5M	40	1MX 2AIOT 3DGII Top holdings2020-09-30 1.MX 2.AIOT 3.DGII 4.VRNS 5.15957P 6.HA7 7.M2682V 8.KLR1USD 9.LORLUSD 10.PRGX
2020-06-30	16	$72.9M	100	1VRNS 2MX 3AIOT Top holdings2020-06-30 1.VRNS 2.MX 3.AIOT 4.DGII 5.15957P 6.HA7 7.PEGA 8.07160F 9.PRGX 10.LORLUSD
2020-03-31	21	$94.8M	0	1MX2G148383VRNS Top holdings2020-03-31 1.MX 2.G14838 3.VRNS 4.PEGA 5.72941B 6.DGII 7.BOX 8.BKD 9.TLND 10.AIOT
2019-12-31	22	$127.2M	47	1VRNS 2TLND 3FSCTEUR Top holdings2019-12-31 1.VRNS 2.TLND 3.FSCTEUR 4.BKD 5.CSTM 6.BOX 7.72941B 8.MX 9.PEGA 10.CALX
2019-09-30	21	$133.1M	41	1FSCTEUR 2VRNS372941B Top holdings2019-09-30 1.FSCTEUR 2.VRNS 3.72941B 4.BOX 5.BKD 6.CSTM 7.MX 8.TLND 9.DGII 10.CALX
2019-06-30	26	$147.5M	40	1FSCTEUR 2VRNS 3BOX Top holdings2019-06-30 1.FSCTEUR 2.VRNS 3.BOX 4.BKD 5.CSTM 6.MX 7.TLND 8.DGII 9.INAPEUR 10.15957P
2019-03-31	22	$156.8M	78	1BOX 2VRNS 3CSTM Top holdings2019-03-31 1.BOX 2.VRNS 3.CSTM 4.BKD 5.FSCTEUR 6.INAPEUR 7.TLND 8.PEGA 9.MX 10.SBNY
2018-12-31	19	$132.9M	74	1FSCTEUR 2BKD 3CSTM Top holdings2018-12-31 1.FSCTEUR 2.BKD 3.CSTM 4.LKQ 5.MX 6.SBNY 7.HMTVUSD 8.14081R 9.INAPEUR 10.ECHO
2018-09-30	21	$201.1M	47	1BKD 2MX345321L Top holdings2018-09-30 1.BKD 2.MX 3.45321L 4.FSCTEUR 5.SBNY 6.JELD 7.CSTM 8.LKQ 9.CLSEUR 10.HMTVUSD
2018-06-30	19	$185.6M	44	1BKD 2MX 3RGSUSD Top holdings2018-06-30 1.BKD 2.MX 3.RGSUSD 4.45321L 5.JELD 6.CLSEUR 7.LKQ 8.HMTVUSD 9.RRR 10.CSTM
2018-03-31	19	$180.7M	73	1BKD 2MX 3RGSUSD Top holdings2018-03-31 1.BKD 2.MX 3.RGSUSD 4.45321L 5.CLSEUR 6.CSTM 7.67551U 8.M2682V 9.HMTVUSD 10.JELD
2017-12-31	15	$163.7M	35	1BKD245321L3RGSUSD Top holdings2017-12-31 1.BKD 2.45321L 3.RGSUSD 4.CSTM 5.64976L 6.MX 7.67551U 8.HMTVUSD 9.RRR 10.TRCO
2017-09-30	15	$212.7M	52	1BKD245321L3CSTM Top holdings2017-09-30 1.BKD 2.45321L 3.CSTM 4.64976L 5.RGSUSD 6.HMTVUSD 7.MX 8.67551U 9.RRR 10.TRCO
2017-06-30	12	$187.7M	58	1BKD 2MCK345321L Top holdings2017-06-30 1.BKD 2.MCK 3.45321L 4.CSTM 5.WTW 6.64976L 7.HMTVUSD 8.CROX 9.MX 10.67551U
2017-03-31	17	$281.4M	54	1BKD 2MCK 3WTW Top holdings2017-03-31 1.BKD 2.MCK 3.WTW 4.45321L 5.CSTM 6.XXI 7.ELV 8.MX 9.64976L 10.NOMD
2016-12-31	19	$327.4M	70	1BKD 2ELV 3TEVA Top holdings2016-12-31 1.BKD 2.ELV 3.TEVA 4.CSTM 5.MCK 6.WTW 7.MX 8.XXI 9.CROX 10.NOMD
2016-09-30	27	$636.8M	39	1BKD 2CSTM 3ELV Top holdings2016-09-30 1.BKD 2.CSTM 3.ELV 4.XXI 5.MCK 6.PRGO 7.TEVA 8.297425 9.66705Y 10.MX
2016-06-30	28	$606.8M	46	1BKD 2TEVA 3MCK Top holdings2016-06-30 1.BKD 2.TEVA 3.MCK 4.PRGO 5.CFG 6.CSTM 7.297425 8.WTW 9.RP 10.XXI
2016-03-31	28	$729.8M	79	1BKD 2XXI 3MCK Top holdings2016-03-31 1.BKD 2.XXI 3.MCK 4.WTW 5.TEVA 6.CFG 7.CSTM 8.RP 9.VC 10.297425
2015-12-31	30	$847.4M	70	1BKD 2VC 3CFG Top holdings2015-12-31 1.BKD 2.VC 3.CFG 4.CSTM 5.TEVA 6.RP 7.66704R 8.GM 9.ETRA 10.AKAM
2015-09-30	32	$1.0B	38	1BKD 2VC 3M Top holdings2015-09-30 1.BKD 2.VC 3.M 4.CFG 5.TEVA 6.GM 7.CSTM 8.ATI 9.66704R 10.66705Y
2015-06-30	26	$1.0B	52	1VC 2BKD 3CFG Top holdings2015-06-30 1.VC 2.BKD 3.CFG 4.ATI 5.M 6.TEVA 7.CSTM 8.MOS 9.37518B 10.SFLY
2015-03-31	24	$913.7M	50	1N472792BKD 3ETRA Top holdings2015-03-31 1.N47279 2.BKD 3.ETRA 4.ATI 5.CFG 6.VC 7.MOS 8.GM 9.M 10.TEVA
2014-12-31	27	$1.1B	46	1N472792ETRA 3BKD Top holdings2014-12-31 1.N47279 2.ETRA 3.BKD 4.VC 5.ATI 6.66705Y 7.HRB 8.795435 9.00817Y 10.66704R
2014-09-30	28	$1.1B	51	1N472792GM388632Q Top holdings2014-09-30 1.N47279 2.GM 3.88632Q 4.BKD 5.ETRA 6.HRB 7.66704R 8.66705Y 9.VC 10.00817Y
2014-06-30	28	$1.0B	35	1N472792BKD388632Q Top holdings2014-06-30 1.N47279 2.BKD 3.88632Q 4.HRB 5.LOW 6.66704R 7.ETRA 8.GM 9.441060 10.00817Y
2014-03-31	30	$983.9M	55	1BKD 2TEVA 3GM Top holdings2014-03-31 1.BKD 2.TEVA 3.GM 4.HRB 5.LOW 6.ETRA 7.ATI 8.441060 9.VC 10.88632Q
2013-12-31	24	$789.4M	55	1TEVA 2LOW300817Y Top holdings2013-12-31 1.TEVA 2.LOW 3.00817Y 4.BKD 5.441060 6.ATI 7.GM 8.HRB 9.MOS 10.ETRA
2013-09-30	26	$768.0M	43	1LOW200817Y3ATI Top holdings2013-09-30 1.LOW 2.00817Y 3.ATI 4.BKD 5.441060 6.GM 7.BSX 8.53071M 9.ACTG 10.GTS
2013-06-30	32	$860.7M	0	14410602LOW 3GM Top holdings2013-06-30 1.441060 2.LOW 3.GM 4.00817Y 5.ATI 6.53071M 7.BSX 8.ADBE 9.544147 10.GTS

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%.

Position changes disclosed by North Run Capital, LP for the quarter ending 2022-12-31, including ticker, issuer, weight change, shares change, and action
#	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	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

FAQ

What is North Run Capital, LP and what type of investor is it?

North Run Capital, LP is a 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%