AYAL Capital Advisors Ltd In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), AYAL Capital Advisors Ltd reported 35 stock positions worth $196.6 million . Its top holding was Golar LNG (GLNG) at 4.8% of the portfolio, followed by Orthofix Medical (OFIX, 4.8% ) and Solaris Energy Infrastructur (SEI, 4.8% ). Compared with Q3 2024, it opened 11 new positions, sold out of 5, added to 10 and reduced 10. The biggest buy was a new position in Solaris Energy Infrastructur (SEI) and the biggest sale an exit from Mdu Resources (MDU).
Location Toronto, A6
CIK 0002011524
Portfolio Value $196.6M (Q4 2024) Holdings 35 stocks · $196.6M 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 Q3 2024 GLNG Golar LNG Ltd. 224,100 $9.5M Reduce -19.5% OFIX Orthofix Medical Inc. 539,871 $9.4M Reduce -17.6% SEI Solaris Energy Infrastructur 325,321 $9.4M New ASTL Algoma Steel Group Inc. 949,284 $9.3M Add +55.0% NOA North American Construction 418,570 $9.0M Add +619.2% IP International Paper Co. 163,400 $8.8M Add +73.1% ACA Arcosa Inc. 86,961 $8.4M Add +6.2% CCOI Cogent Communications Holdin 102,785 $7.9M New BKD Brookdale Senior Living Inc. 1,508,946 $7.6M Add +25.3% REVG Rev Group Inc. 225,123 $7.2M Add +7.4% ECG Everus Construction Group 109,003 $7.2M Reduce -34.4% NVRI Enviri Corp. 881,924 $6.8M Add +781.9% TAC Transalta Corp. 452,300 $6.4M No change KBR KBR Inc. 105,000 $6.1M New SKYH SKY Harbour Group Corp. 502,278 $6.0M New IIIV I3 Verticals Inc. Class A 259,844 $6.0M Reduce -30.1% LLYVA Liberty Media Corp.-Liberty-A 89,000 $5.9M New CONTEXTLOGIC INC - A 827,335 $5.8M No change SRI Stoneridge Inc. 923,494 $5.8M Add +264.2% DD Dupont DE Nemours Inc. 74,100 $5.7M No change DCBO Docebo Inc. 125,700 $5.6M Reduce -11.2% CNH CNH Industrial NV 475,000 $5.4M New GSM Ferroglobe PLC 1,410,380 $5.4M Reduce -0.1% CVCO Cavco Industries Inc. 11,700 $5.2M Reduce -38.4% JELD Jeld-Wen Holding Inc. 617,180 $5.1M New BIO Bio-Rad Laboratories-A 13,600 $4.5M New GTX Garrett Motion Inc. 450,000 $4.1M Reduce -25.0% HLIT Harmonic Inc. 299,102 $4.0M New PAL Proficient Auto Logistics Inc. 321,100 $2.6M Add +71.6% CDLR Cadeler A/S-ADR 110,455 $2.5M Add +9.9% HAIN Hain Celestial Group Inc. 253,838 $1.6M New TLN Talen Energy Corp. 4,200 $846K No change CLS Celestica Inc. 8,400 $775K Reduce -94.8% PDS Precision Drilling Corp. 12,602 $770K Reduce -73.5% PROF Profound Medical Corp. 50,000 $376K New
Options reported separately and not counted above: SPY puts ($102.9M), QQQ puts ($62.7M), MTUM puts ($12.4M), TAC puts ($3.4M), NFE calls ($3.3M), FTAI puts ($2.9M), POWL puts ($2.8M), EVH calls ($2.7M).
Portfolio Sells Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ MDU Mdu Resources Group Inc. Sold out 0.00% −10.48 BARNES GROUP INC Sold out 0.00% −6.30 GPK Graphic Packaging Holding Co. Sold out 0.00% −4.43 CLS Celestica Inc. Reduce -94.8% 0.39% −4.34 BCE Bce Inc. Sold out 0.00% −3.50 ARDT Ardent Health Inc. Sold out 0.00% −3.32 ECG Everus Construction Group Reduce -34.4% 3.65% −2.64 CVCO Cavco Industries Inc. Reduce -38.4% 2.66% −2.03 IIIV I3 Verticals Inc. Class A Reduce -30.1% 3.04% −1.51 PDS Precision Drilling Corp. Reduce -73.5% 0.39% −1.30 OFIX Orthofix Medical Inc. Reduce -17.6% 4.79% −1.10 GLNG Golar LNG Ltd. Reduce -19.5% 4.82% −1.07 GSM Ferroglobe PLC Reduce -0.1% 2.73% −1.04 GTX Garrett Motion Inc. Reduce -25.0% 2.07% −0.76 DCBO Docebo Inc. Reduce -11.2% 2.86% −0.74
Portfolio Buys Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ SEI Solaris Energy Infrastructur New 4.76% +4.76 CCOI Cogent Communications Holdin New 4.03% +4.03 NOA North American Construction Add +619.2% 4.60% +3.97 KBR KBR Inc. New 3.09% +3.09 SKYH SKY Harbour Group Corp. New 3.05% +3.05 LLYVA Liberty Media Corp.-Liberty-A New 3.01% +3.01 NVRI Enviri Corp. Add +781.9% 3.45% +2.86 CNH CNH Industrial NV New 2.74% +2.74 JELD Jeld-Wen Holding Inc. New 2.57% +2.57 BIO Bio-Rad Laboratories-A New 2.27% +2.27 HLIT Harmonic Inc. New 2.01% +2.01 IP International Paper Co. Add +73.1% 4.47% +1.82 SRI Stoneridge Inc. Add +264.2% 2.94% +1.31 ASTL Algoma Steel Group Inc. Add +55.0% 4.72% +1.12 HAIN Hain Celestial Group Inc. New 0.79% +0.79 REVG Rev Group Inc. Add +7.4% 3.65% +0.27 PROF Profound Medical Corp. New 0.19% +0.19 ACA Arcosa Inc. Add +6.2% 4.28% −0.18 PAL Proficient Auto Logistics Inc. Add +71.6% 1.32% −0.21 CDLR Cadeler A/S-ADR Add +9.9% 1.25% −0.37 BKD Brookdale Senior Living Inc. Add +25.3% 3.86% −0.84
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Reduce -8.6% 175,500 $102.9M QQQ Invesco QQQ Trust Series 1 put New 122,700 $62.7M MTUM iShares MSCI USA Momentum Fa put New 60,000 $12.4M TAC Transalta Corp. put New 240,000 $3.4M NFE New Fortress Energy Inc. call New 220,000 $3.3M CLS Celestica Inc. call Sold out 60,000 $3.1Mbefore exit FTAI Ftai Aviation Ltd. put New 20,000 $2.9M POWL Powell Industries Inc. put New 12,500 $2.8M EVH Evolent Health Inc. Class A call New 240,000 $2.7M NVRI Enviri Corp. call Sold out 260,000 $2.7Mbefore exit HROW Harrow Inc. put Sold out 45,000 $2.0Mbefore exit GVA Granite Construction Inc. put Sold out 21,500 $1.7Mbefore 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