# NORTH RUN CAPITAL, LP

> Institutional holdings reported to the SEC as of Q4 2022 on Form 13F. CIK 1212897. Source: https://holderbook.com/funds/1212897-north-run-capital-lp/

- Reported value: $43.5M
- Positions: 25
- Weight of the ten largest: 74.0%
- Filed: 2023-02-14

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| POWERFLEET INC | [AIOT](https://holderbook.com/stocks/AIOT/) | $7.2M | 2,694,646 | 16.6% | 13 |
| SEQUANS COMMUNICATIONS S A | [SQNSXXXX](https://holderbook.com/stocks/SQNSXXXX/) | $4.2M | 1,270,034 | 9.7% | 7 |
| LENSAR INC | [LNSR](https://holderbook.com/stocks/LNSR/) | $3.2M | 1,096,406 | 7.5% | 8 |
| VARONIS SYS INC | [VRNS](https://holderbook.com/stocks/VRNS/) | $2.9M | 122,000 | 6.7% | 2 |
| AIRGAIN INC | [AIRG](https://holderbook.com/stocks/AIRG/) | $2.6M | 395,801 | 5.9% | 11 |
| MAXCYTE INC | [MXCT](https://holderbook.com/stocks/MXCT/) | $2.5M | 451,960 | 5.7% | 4 |
| SUMO LOGIC INC | [SUMO](https://holderbook.com/stocks/SUMO/) | $2.5M | 304,510 | 5.7% | 4 |
| SILICOM LTD | [SILC](https://holderbook.com/stocks/SILC/) | $2.4M | 57,422 | 5.6% | 8 |
| SIMILARWEB LTD | [SMWB](https://holderbook.com/stocks/SMWB/) | $2.4M | 375,000 | 5.5% | 1 |
| PEGASYSTEMS INC | [PEGA](https://holderbook.com/stocks/PEGA/) | $2.3M | 65,930 | 5.2% | 8 |
| SCULPTOR CAP MGMT | [SCU](https://holderbook.com/stocks/SCU/) | $1.9M | 224,106 | 4.5% | 9 |
| OLO INC | [OLO](https://holderbook.com/stocks/OLO/) | $1.2M | 189,520 | 2.7% | 2 |
| CONSTELLIUM SE | [CSTM](https://holderbook.com/stocks/CSTM/) | $1.1M | 93,220 | 2.5% | 13 |
| SANARA MEDTECH INC | [SMTI](https://holderbook.com/stocks/SMTI/) | $1.1M | 24,000 | 2.5% | 7 |
| KALEYRA INC | [KLR](https://holderbook.com/stocks/KLR/) | $986.1K | 1,305,958 | 2.3% | 10 |
| SAFEGUARD SCIENTIFICS INC | [SFEXXXX](https://holderbook.com/stocks/SFEXXXX/) | $861.0K | 277,728 | 2.0% | 7 |
| CYBERARK SOFTWARE LTD | [CYBR](https://holderbook.com/stocks/CYBR/) | $818.7K | 6,315 | 1.9% | 10 |
| NEW RELIC INC | [NEWR](https://holderbook.com/stocks/NEWR/) | $801.6K | 14,200 | 1.8% | 8 |
| STEREOTAXIS INC | [STXS](https://holderbook.com/stocks/STXS/) | $668.1K | 322,750 | 1.5% | 3 |
| MAGNACHIP SEMICONDUCTOR CORP | [MX](https://holderbook.com/stocks/MX/) | $592.6K | 63,110 | 1.4% | 17 |
| CHARAH SOLUTIONS INC | - | $499.6K | 92,520 | 1.1% | 1 |
| BROOKDALE SR LIVING INC | [BKD](https://holderbook.com/stocks/BKD/) | $400.4K | 146,650 | 0.9% | 17 |
| INVACARE CORP | [IVCRQ](https://holderbook.com/stocks/IVCRQ/) | $186.4K | 443,730 | 0.4% | 5 |
| PFSWEB INC | [PFSW](https://holderbook.com/stocks/PFSW/) | $168.1K | 27,330 | 0.4% | 8 |
| KALEYRA INC | [KLRWS](https://holderbook.com/stocks/KLRWS/) | $2.7K | 40,372 | 0.0% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2022 | -8.6% | +7.1% | -15.7% | 96% |
| Q3 2022 | -2.0% | -5.3% | +3.4% | 100% |
| Q2 2022 | -23.5% | -16.5% | -7.0% | 100% |
| Q1 2022 | -21.1% | -4.9% | -16.2% | 100% |
| Q4 2021 | -2.6% | +10.7% | -13.2% | 100% |
| Q3 2021 | -2.6% | +0.3% | -2.9% | 100% |
| Q2 2021 | +1.5% | +8.0% | -6.5% | 100% |
| Q1 2021 | +28.0% | +6.0% | +22.0% | 97% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2022 | $43.5M | 25 |
| Q3 2022 | $49.2M | 25 |
| Q2 2022 | $48.8M | 23 |
| Q1 2022 | $68.0M | 21 |
| Q4 2021 | $130.1M | 20 |
| Q3 2021 | $138.7M | 21 |
| Q2 2021 | $146.7M | 19 |
| Q1 2021 | $135.7M | 19 |
| Q4 2020 | $86.0M | 16 |
| Q3 2020 | $86.5M | 18 |
| Q2 2020 | $72.9M | 16 |
| Q1 2020 | $99.6M | 22 |