Northern Right Capital Trims Stake in Maplebear

Hedge fund reduces holding in online grocery delivery company by nearly 94%

Mar. 17, 2026 at 1:19pm by Ben Kaplan

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Northern Right Capital Management L.P. has trimmed its stake in Maplebear Inc. (NASDAQ:CART), the online grocery delivery company, by 93.8% in the third quarter. The hedge fund now owns 29,778 shares of Maplebear's stock, down from 448,244 shares previously.

Why it matters

This significant reduction in Northern Right Capital's Maplebear holdings suggests the hedge fund may have concerns about the company's future performance or growth prospects. As a major institutional investor, Northern Right Capital's trading activity can provide insights into market sentiment around Maplebear.

The details

According to a recent SEC filing, Northern Right Capital Management trimmed its Maplebear stake from 448,244 shares to just 29,778 shares in the third quarter. This represents a 93.8% reduction in the hedge fund's position. Maplebear now makes up just 0.3% of Northern Right Capital's overall portfolio, down from a more substantial holding previously.

  • Northern Right Capital Management reduced its Maplebear stake in the third quarter of 2026.

The players

Northern Right Capital Management L.P.

A hedge fund that has significantly reduced its stake in Maplebear Inc.

Maplebear Inc.

An online grocery delivery company that is publicly traded on the NASDAQ exchange under the ticker symbol CART.

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The takeaway

Northern Right Capital's sizable reduction in its Maplebear holdings could signal broader concerns about the online grocery company's future prospects among institutional investors. This trading activity is worth monitoring as it may foreshadow challenges ahead for Maplebear.