AYAL Capital Advisors Ltd In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), AYAL Capital Advisors Ltd reported 24 stock positions worth $139.2 million . Its top holding was Mdu Resources (MDU) at 10.7% of the portfolio, followed by Arcosa (ACA, 8.6% ) and Orthofix Medical (OFIX, 6.5% ). Compared with Q4 2023, it opened 11 new positions, sold out of 12, added to 9 and reduced 3. The biggest buy was a new position in DMC Global (BOOM) and the biggest sale an exit from Charles River Laboratories (CRL).
Location Toronto, A6
CIK 0002011524
Portfolio Value $139.2M (Q1 2024) Holdings 24 stocks · $139.2M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2023 MDU Mdu Resources Group Inc. 592,167 $14.9M Add +10.9% ACA Arcosa Inc. 139,304 $12.0M Reduce -11.3% OFIX Orthofix Medical Inc. 623,097 $9.0M Add +31.1% PETQ Petiq Inc. 425,559 $7.8M Add +54.7% CVCO Cavco Industries Inc. 18,500 $7.4M Add +19.4% BOOM DMC Global Inc. 368,739 $7.2M New VSEC Vse Corp. 88,573 $7.1M Add +12.1% CDMO Avid Bioservices Inc. 1,050,000 $7.0M New SRI Stoneridge Inc. 377,493 $7.0M Add +26.8% GSM Ferroglobe PLC 1,258,300 $6.3M Add +214.6% KBR KBR Inc. 87,000 $5.5M New FLEX Flex Ltd. 192,300 $5.5M Add +10.2% CEDAR FAIR LP 129,245 $5.4M No change HCI Hci Group Inc. 45,100 $5.2M New FLR Fluor Corp. 122,000 $5.2M Reduce -29.8% RDNT Radnet Inc. 105,000 $5.1M New GTX Garrett Motion Inc. 500,000 $5.0M New NVEI Nuvei Corp.-Subordinate VTG 139,100 $4.4M Add +36.6% MODVQ Modivcare Inc. 184,974 $4.3M New SMG Scotts Miracle-Gro Co. 42,329 $3.2M New GPRE Green Plains Inc. 130,799 $3.0M Reduce -30.1% TFII Tfi International Inc. 4,000 $638K New CONTEXTLOGIC INC - A 102,769 $585K New BBU Brookfield Business PT-Unit 22,800 $504K New
Options reported separately and not counted above: SPY puts ($34.3M), HYG puts ($22.2M), QQQ puts ($11.1M), INVESTMENT MANAGERS SER TR I calls ($4.6M), SMG calls ($3.9M), LLY puts ($3.0M), KNF puts ($2.6M), AXTA puts ($2.6M), CWH calls ($2.3M), M puts ($1.5M).
Portfolio Sells Q4 2023 → Q1 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▲ CRL Charles River Laboratories Sold out 0.00% −5.23 MTZ Mastec Inc. Sold out 0.00% −4.53 NVRI Enviri Corp. Sold out 0.00% −4.39 PHIN Phinia Inc. Sold out 0.00% −4.30 BERY Berry Global Group Inc. Sold out 0.00% −4.11 NOA North American Construction Sold out 0.00% −4.11 BRSL Brightstar Lottery PLC Sold out 0.00% −4.00 GENI Genius Sports Ltd. Sold out 0.00% −2.59 CLS Celestica Inc. Sold out 0.00% −2.37 BGC BGC Group Inc. Class A Sold out 0.00% −2.28 FLR Fluor Corp. Reduce -29.8% 3.71% −1.62 ACA Arcosa Inc. Reduce -11.3% 8.59% −1.56 GPRE Green Plains Inc. Reduce -30.1% 2.17% −1.52 TIPT Tiptree Inc. Sold out 0.00% −0.21 ASTL Algoma Steel Group Inc. Sold out 0.00% −0.13
Portfolio Buys Q4 2023 → Q1 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2023 % Of Portfolio Change To Portfolio ▼ BOOM DMC Global Inc. New 5.16% +5.16 CDMO Avid Bioservices Inc. New 5.05% +5.05 KBR KBR Inc. New 3.98% +3.98 HCI Hci Group Inc. New 3.76% +3.76 RDNT Radnet Inc. New 3.67% +3.67 GTX Garrett Motion Inc. New 3.57% +3.57 MODVQ Modivcare Inc. New 3.12% +3.12 GSM Ferroglobe PLC Add +214.6% 4.50% +2.47 MDU Mdu Resources Group Inc. Add +10.9% 10.72% +2.45 SMG Scotts Miracle-Gro Co. New 2.27% +2.27 OFIX Orthofix Medical Inc. Add +31.1% 6.50% +1.49 PETQ Petiq Inc. Add +54.7% 5.59% +1.34 CVCO Cavco Industries Inc. Add +19.4% 5.30% +1.10 VSEC Vse Corp. Add +12.1% 5.09% +1.10 NVEI Nuvei Corp.-Subordinate VTG Add +36.6% 3.16% +1.07 TFII Tfi International Inc. New 0.46% +0.46 SRI Stoneridge Inc. Add +26.8% 5.00% +0.45 CONTEXTLOGIC INC - A New 0.42% +0.42 BBU Brookfield Business PT-Unit New 0.36% +0.36 FLEX Flex Ltd. Add +10.2% 3.95% −0.20
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Reduce -54.4% 65,500 $34.3M HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 285,000 $22.2M QQQ Invesco QQQ Trust Series 1 put New 25,000 $11.1M IWM iShares Russell 2000 ETF put Sold out 50,000 $10.0Mbefore exit HUM Humana Inc. call Sold out 11,000 $5.0Mbefore exit INVESTMENT MANAGERS SER TR I call Reduce -61.9% 171,500 $4.6M FWRD Forward Air Corp. call Sold out 64,000 $4.0Mbefore exit SMG Scotts Miracle-Gro Co. call New 52,500 $3.9M CLS Celestica Inc. put Sold out 103,000 $3.0Mbefore exit KNF Knife River Corp. put New 32,500 $2.6M AXTA Axalta Coating Systems Ltd. put New 75,000 $2.6M DKNG Draftkings Inc. Class A put Sold out 67,500 $2.4Mbefore exit CWH Camping World Holdings Inc. Class A call New 82,500 $2.3M LOVE The Lovesac Co. put Sold out 65,000 $1.7Mbefore exit M Macy's Inc. put New 75,000 $1.5M TRUP Trupanion Inc. put Sold out 41,000 $1.3Mbefore exit BGC BGC Group Inc. Class A call Sold out 170,000 $1.2Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 39 $195.3M PUMP, CLS, PRCH, SEI, PAR Q1 2026 38 $195.4M SEI, CLS, BGSI, OFIX, GFF Q4 2025 36 $182.5M NVRI, SEI, OFIX, BGSI, PAR Q3 2025 33 $173.4M NVRI, OFIX, SEI, SRI, CLMT Q2 2025 35 $183.5M OFIX, FLR, SEI, BKD, NVRI Q1 2025 29 $150.8M BKD, GLNG, OFIX, IP, NOA Q4 2024 35 $196.6M GLNG, OFIX, SEI, ASTL, NOA Q3 2024 28 $173.8M MDU, BARNES GROUP INC, OFIX, GLNG, CLS Q2 2024 26 $157.6M MDU, BARNES GROUP INC, CVCO, ACA, OFIX Q1 2024 24 $139.2M MDU, ACA, OFIX, PETQ, CVCO