AYAL Capital Advisors Ltd In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), AYAL Capital Advisors Ltd reported 26 stock positions worth $157.6 million . Its top holding was Mdu Resources (MDU) at 7.8% of the portfolio, followed by Barnes (7.7% ) and Cavco Industries (CVCO, 6.6% ). Compared with Q1 2024, it opened 11 new positions, sold out of 9, added to 8 and reduced 6. The biggest buy was a new position in Barnes and the biggest sale an exit from DMC Global (BOOM).
Location Toronto, A6
CIK 0002011524
Portfolio Value $157.6M (Q2 2024) Holdings 26 stocks · $157.6M 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 Q1 2024 MDU Mdu Resources Group Inc. 491,867 $12.3M Reduce -16.9% BARNES GROUP INC 293,804 $12.2M New CVCO Cavco Industries Inc. 29,861 $10.3M Add +61.4% ACA Arcosa Inc. 110,404 $9.2M Reduce -20.8% OFIX Orthofix Medical Inc. 686,794 $9.1M Add +10.2% NOA North American Construction 382,510 $7.4M New CEDAR FAIR LP 129,245 $7.0M No change MODVQ Modivcare Inc. 262,904 $6.9M Add +42.1% CLS Celestica Inc. 119,006 $6.8M New REVG Rev Group Inc. 263,480 $6.6M New CCOI Cogent Communications Holdin 112,893 $6.4M New SRI Stoneridge Inc. 390,393 $6.2M Add +3.4% DD Dupont DE Nemours Inc. 74,100 $6.0M New PETQ Petiq Inc. 265,498 $5.9M Reduce -37.6% GSM Ferroglobe PLC 1,082,161 $5.8M Reduce -14.0% CDMO Avid Bioservices Inc. 768,662 $5.5M Reduce -26.8% GTX Garrett Motion Inc. 625,000 $5.4M Add +25.0% PAL Proficient Auto Logistics Inc. 325,000 $5.2M New GENI Genius Sports Ltd. 850,541 $4.6M New IP International Paper Co. 100,000 $4.3M New CONTEXTLOGIC INC - A 679,028 $3.9M Add +560.7% NICE Nice Ltd. - Spon ADR 20,000 $3.4M New AIOT Powerfleet Inc. 716,805 $3.3M New GPRE Green Plains Inc. 123,699 $2.0M Reduce -5.4% TFII Tfi International Inc. 7,500 $1.1M Add +87.5% BBU Brookfield Business PT-Unit 45,000 $848K Add +97.4%
Options reported separately and not counted above: SPY puts ($66.7M), XHB puts ($14.2M), QQQ puts ($11.3M), GLNG calls ($8.0M), DD calls ($5.8M).
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ BOOM DMC Global Inc. Sold out 0.00% −5.16 VSEC Vse Corp. Sold out 0.00% −5.09 KBR KBR Inc. Sold out 0.00% −3.98 FLEX Flex Ltd. Sold out 0.00% −3.95 HCI Hci Group Inc. Sold out 0.00% −3.76 FLR Fluor Corp. Sold out 0.00% −3.71 RDNT Radnet Inc. Sold out 0.00% −3.67 NVEI Nuvei Corp.-Subordinate VTG Sold out 0.00% −3.16 MDU Mdu Resources Group Inc. Reduce -16.9% 7.83% −2.89 ACA Arcosa Inc. Reduce -20.8% 5.84% −2.75 SMG Scotts Miracle-Gro Co. Sold out 0.00% −2.27 PETQ Petiq Inc. Reduce -37.6% 3.72% −1.87 CDMO Avid Bioservices Inc. Reduce -26.8% 3.48% −1.57 GPRE Green Plains Inc. Reduce -5.4% 1.25% −0.93 GSM Ferroglobe PLC Reduce -14.0% 3.68% −0.82
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ BARNES GROUP INC New 7.72% +7.72 NOA North American Construction New 4.68% +4.68 CLS Celestica Inc. New 4.33% +4.33 REVG Rev Group Inc. New 4.16% +4.16 CCOI Cogent Communications Holdin New 4.04% +4.04 DD Dupont DE Nemours Inc. New 3.78% +3.78 PAL Proficient Auto Logistics Inc. New 3.31% +3.31 GENI Genius Sports Ltd. New 2.94% +2.94 IP International Paper Co. New 2.74% +2.74 NICE Nice Ltd. - Spon ADR New 2.18% +2.18 AIOT Powerfleet Inc. New 2.08% +2.08 CONTEXTLOGIC INC - A Add +560.7% 2.46% +2.04 MODVQ Modivcare Inc. Add +42.1% 4.38% +1.26 CVCO Cavco Industries Inc. Add +61.4% 6.56% +1.26 TFII Tfi International Inc. Add +87.5% 0.69% +0.23 BBU Brookfield Business PT-Unit Add +97.4% 0.54% +0.18 GTX Garrett Motion Inc. Add +25.0% 3.41% −0.16 OFIX Orthofix Medical Inc. Add +10.2% 5.78% −0.72 SRI Stoneridge Inc. Add +3.4% 3.95% −1.05
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +87.0% 122,500 $66.7M HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Sold out 285,000 $22.2Mbefore exit XHB SS SPDR S&P Homebldrs ETF put New 140,000 $14.2M QQQ Invesco QQQ Trust Series 1 put Reduce -6.0% 23,500 $11.3M GLNG Golar LNG Ltd. call New 255,000 $8.0M DD Dupont DE Nemours Inc. call New 71,500 $5.8M INVESTMENT MANAGERS SER TR I call Sold out 171,500 $4.6Mbefore exit SMG Scotts Miracle-Gro Co. call Sold out 52,500 $3.9Mbefore exit LLY Eli Lilly & Co. put Sold out 3,800 $3.0Mbefore exit KNF Knife River Corp. put Sold out 32,500 $2.6Mbefore exit AXTA Axalta Coating Systems Ltd. put Sold out 75,000 $2.6Mbefore exit CWH Camping World Holdings Inc. Class A call Sold out 82,500 $2.3Mbefore exit M Macy's Inc. put Sold out 75,000 $1.5Mbefore 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