AYAL Capital Advisors Ltd

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), AYAL Capital Advisors Ltd reported 28 stock positions worth $173.8 million. Its top holding was Mdu Resources (MDU) at 10.5% of the portfolio, followed by Barnes (6.3%) and Orthofix Medical (OFIX, 5.9%). Compared with Q2 2024, it opened 13 new positions, sold out of 11, added to 4 and reduced 10. The biggest buy was a new position in Golar LNG (GLNG) and the biggest sale an exit from Cedar Fair.

Most Recent 13F
Q2 2026
Location
Toronto, A6
CIK
0002011524
Portfolio Value
$173.8M (Q3 2024)
SEC Filing
0000929638-24-003886 ↗ filed Nov 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $139.2M Q1 2024 Q2 2024: $157.6M Q2 2024 Q3 2024: $173.8M $173.8M Q3 2024 Q4 2024: $196.6M Q4 2024 Q1 2025: $150.8M Q1 2025 Q2 2025: $183.5M Q2 2025 Q3 2025: $173.4M Q3 2025 Q4 2025: $182.5M Q4 2025 Q1 2026: $195.4M Q1 2026 Q2 2026: $195.3M Q2 2026

Holdings 28 stocks · $173.8M
MDU Mdu Resources Group Inc. 10.48% 664,600 $18.2M Add +35.1%
BARNES GROUP INC 6.30% 271,055 $11.0M Reduce -7.7%
OFIX Orthofix Medical Inc. 5.89% 655,506 $10.2M Reduce -4.6%
GLNG Golar LNG Ltd. 5.89% 278,472 $10.2M New
CLS Celestica Inc. 4.73% 161,000 $8.2M Add +35.3%
BKD Brookdale Senior Living Inc. 4.70% 1,204,246 $8.2M New
CVCO Cavco Industries Inc. 4.68% 19,000 $8.1M Reduce -36.4%
IIIV I3 Verticals Inc. Class A 4.56% 371,857 $7.9M New
ACA Arcosa Inc. 4.46% 81,861 $7.8M Reduce -25.9%
GPK Graphic Packaging Holding Co. 4.43% 260,100 $7.7M New
DD Dupont DE Nemours Inc. 3.80% 74,100 $6.6M No change
GSM Ferroglobe PLC 3.77% 1,411,800 $6.6M Add +30.5%
ASTL Algoma Steel Group Inc. 3.60% 612,500 $6.3M New
DCBO Docebo Inc. 3.60% 141,586 $6.3M New
BCE Bce Inc. 3.50% 175,000 $6.1M New
REVG Rev Group Inc. 3.38% 209,580 $5.9M Reduce -20.5%
ARDT Ardent Health Inc. 3.32% 313,600 $5.8M New
GTX Garrett Motion Inc. 2.82% 600,000 $4.9M Reduce -4.0%
TAC Transalta Corp. 2.70% 452,300 $4.7M New
IP International Paper Co. 2.65% 94,400 $4.6M Reduce -5.6%
CONTEXTLOGIC INC - A 2.59% 827,335 $4.5M Add +21.8%
PDS Precision Drilling Corp. 1.69% 47,600 $2.9M New
SRI Stoneridge Inc. 1.63% 253,559 $2.8M Reduce -35.0%
CDLR Cadeler A/S-ADR 1.63% 100,466 $2.8M New
PAL Proficient Auto Logistics Inc. 1.53% 187,100 $2.7M Reduce -42.4%
NOA North American Construction 0.63% 58,200 $1.1M Reduce -84.8%
NVRI Enviri Corp. 0.59% 100,000 $1.0M New
TLN Talen Energy Corp. 0.43% 4,200 $749K New

Options reported separately and not counted above: SPY puts ($110.2M), CLS calls ($3.1M), NVRI calls ($2.7M), HROW puts ($2.0M), GVA puts ($1.7M).

Portfolio Sells Q2 2024 → Q3 2024
CEDAR FAIR LP Sold out 0.00% −4.46
MODVQ Modivcare Inc. Sold out 0.00% −4.38
NOA North American Construction Reduce -84.8% 0.63% −4.05
CCOI Cogent Communications Holdin Sold out 0.00% −4.04
PETQ Petiq Inc. Sold out 0.00% −3.72
CDMO Avid Bioservices Inc. Sold out 0.00% −3.48
GENI Genius Sports Ltd. Sold out 0.00% −2.94
SRI Stoneridge Inc. Reduce -35.0% 1.63% −2.32
NICE Nice Ltd. - Spon ADR Sold out 0.00% −2.18
AIOT Powerfleet Inc. Sold out 0.00% −2.08
CVCO Cavco Industries Inc. Reduce -36.4% 4.68% −1.88
PAL Proficient Auto Logistics Inc. Reduce -42.4% 1.53% −1.79
BARNES GROUP INC Reduce -7.7% 6.30% −1.42
ACA Arcosa Inc. Reduce -25.9% 4.46% −1.38
GPRE Green Plains Inc. Sold out 0.00% −1.25
REVG Rev Group Inc. Reduce -20.5% 3.38% −0.78
TFII Tfi International Inc. Sold out 0.00% −0.69
GTX Garrett Motion Inc. Reduce -4.0% 2.82% −0.58
BBU Brookfield Business PT-Unit Sold out 0.00% −0.54
IP International Paper Co. Reduce -5.6% 2.65% −0.09
OFIX Orthofix Medical Inc. Reduce -4.6% 5.89% +0.11

Portfolio Buys Q2 2024 → Q3 2024
GLNG Golar LNG Ltd. New 5.89% +5.89
BKD Brookdale Senior Living Inc. New 4.70% +4.70
IIIV I3 Verticals Inc. Class A New 4.56% +4.56
GPK Graphic Packaging Holding Co. New 4.43% +4.43
ASTL Algoma Steel Group Inc. New 3.60% +3.60
DCBO Docebo Inc. New 3.60% +3.60
BCE Bce Inc. New 3.50% +3.50
ARDT Ardent Health Inc. New 3.32% +3.32
TAC Transalta Corp. New 2.70% +2.70
MDU Mdu Resources Group Inc. Add +35.1% 10.48% +2.65
PDS Precision Drilling Corp. New 1.69% +1.69
CDLR Cadeler A/S-ADR New 1.63% +1.63
NVRI Enviri Corp. New 0.59% +0.59
TLN Talen Energy Corp. New 0.43% +0.43
CLS Celestica Inc. Add +35.3% 4.73% +0.41
CONTEXTLOGIC INC - A Add +21.8% 2.59% +0.13
GSM Ferroglobe PLC Add +30.5% 3.77% +0.09

Options Activity Q2 2024 → Q3 2024
SPY SS SPDR S&P 500 ETF Trust-US put Add +56.7% 192,000 $110.2M
XHB SS SPDR S&P Homebldrs ETF put Sold out 140,000 $14.2Mbefore exit
QQQ Invesco QQQ Trust Series 1 put Sold out 23,500 $11.3Mbefore exit
GLNG Golar LNG Ltd. call Sold out 255,000 $8.0Mbefore exit
DD Dupont DE Nemours Inc. call Sold out 71,500 $5.8Mbefore exit
CLS Celestica Inc. call New 60,000 $3.1M
NVRI Enviri Corp. call New 260,000 $2.7M
HROW Harrow Inc. put New 45,000 $2.0M
GVA Granite Construction Inc. put New 21,500 $1.7M

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 39$195.3MPUMP, CLS, PRCH, SEI, PAR
Q1 2026 38$195.4MSEI, CLS, BGSI, OFIX, GFF
Q4 2025 36$182.5MNVRI, SEI, OFIX, BGSI, PAR
Q3 2025 33$173.4MNVRI, OFIX, SEI, SRI, CLMT
Q2 2025 35$183.5MOFIX, FLR, SEI, BKD, NVRI
Q1 2025 29$150.8MBKD, GLNG, OFIX, IP, NOA
Q4 2024 35$196.6MGLNG, OFIX, SEI, ASTL, NOA
Q3 2024 28$173.8MMDU, BARNES GROUP INC, OFIX, GLNG, CLS
Q2 2024 26$157.6MMDU, BARNES GROUP INC, CVCO, ACA, OFIX
Q1 2024 24$139.2MMDU, ACA, OFIX, PETQ, CVCO