AYAL Capital Advisors Ltd In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), AYAL Capital Advisors Ltd reported 33 stock positions worth $173.4 million . Its top holding was Enviri (NVRI) at 8.8% of the portfolio, followed by Orthofix Medical (OFIX, 7.0% ) and Solaris Energy Infrastructur (SEI, 5.3% ). Compared with Q2 2025, it opened 10 new positions, sold out of 12, added to 8 and reduced 12. The biggest buy was Enviri (NVRI, shares +37% ) and the biggest sale an exit from Fluor (FLR).
Location Toronto, A6
CIK 0002011524
Portfolio Value $173.4M (Q3 2025) Holdings 33 stocks · $173.4M 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 Q2 2025 NVRI Enviri Corp. 1,199,222 $15.2M Add +37.1% OFIX Orthofix Medical Inc. 829,900 $12.1M Reduce -12.0% SEI Solaris Energy Infrastructur 231,381 $9.2M Reduce -22.1% SRI Stoneridge Inc. 1,066,670 $8.1M Add +15.5% CLMT Calumet Inc. 416,645 $7.6M Add +24.4% GXO Gxo Logistics Inc. 127,000 $6.7M Reduce -5.9% NTGR Netgear Inc. 205,000 $6.6M Reduce -18.0% DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN 1,099,100 $6.6M New SWIM Latham Group Inc. 850,010 $6.5M Add +6.3% BKD Brookdale Senior Living Inc. 762,100 $6.5M Reduce -34.0% GLNG Golar LNG Ltd. 151,019 $6.1M Add +4.6% SLM SLM Corp. 210,000 $5.8M New DD Dupont DE Nemours Inc. 70,000 $5.5M New AGCO Agco Corp. 50,000 $5.4M No change ASTL Algoma Steel Group Inc. 1,467,000 $5.2M Add +34.3% LLYVA Liberty Media Corp.-Liberty-A 55,000 $5.2M Reduce -22.5% BIO Bio-Rad Laboratories-A 17,500 $4.9M New GSM Ferroglobe PLC 1,075,400 $4.9M Reduce -28.2% PAR Par Technology Corp. 120,000 $4.7M New ATEX Anterix Inc. 208,971 $4.5M Reduce -13.0% ACA Arcosa Inc. 47,700 $4.5M New CLS Celestica Inc. 17,800 $4.4M Reduce -51.5% MGNI Magnite Inc. 199,000 $4.3M Add +19.9% SKYH SKY Harbour Group Corp. 424,592 $4.2M No change DCO Ducommun Inc. 40,000 $3.8M New TAC Transalta Corp. 256,200 $3.5M New MTRX Matrix Service Co. 225,000 $2.9M New SGRY Surgery Partners Inc. 125,000 $2.7M No change BLDR Builders Firstsource Inc. 22,000 $2.7M Reduce -45.0% TFII Tfi International Inc. 12,250 $1.1M Add +20.7% FVR Frontview REIT Inc. 60,000 $823K New IP International Paper Co. 15,600 $724K Reduce -86.8% PAL Proficient Auto Logistics Inc. 49,500 $341K Reduce -91.6%
Options reported separately and not counted above: HYG puts ($28.4M), SPY puts ($22.7M), IWM puts ($14.5M), TAC calls ($2.7M), KNF puts ($2.7M), OTEX calls ($2.6M), SEI puts ($2.6M), DD calls ($2.5M), FLG calls ($1.9M).
Portfolio Sells Q2 2025 → Q3 2025 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 Q2 2025 % Of Portfolio Change To Portfolio ▲ FLR Fluor Corp. Sold out 0.00% −4.89 MEOH Methanex Corp. Sold out 0.00% −3.53 FUN Six Flags Entertainment Corp. Sold out 0.00% −3.48 AMRZ Amrize Ltd. Sold out 0.00% −2.97 GL Globe Life Inc. Sold out 0.00% −2.91 NOA North American Construction Sold out 0.00% −2.72 ALGN Align Technology Inc. Sold out 0.00% −2.68 IP International Paper Co. Reduce -86.8% 0.42% −2.60 PAL Proficient Auto Logistics Inc. Reduce -91.6% 0.20% −2.14 ANIP Ani Pharmaceuticals Inc. Sold out 0.00% −2.13 BLDR Builders Firstsource Inc. Reduce -45.0% 1.54% −1.01 XPOF Xponential Fitness Inc. Class A Sold out 0.00% −0.82 ATEX Anterix Inc. Reduce -13.0% 2.59% −0.77 AIOT Powerfleet Inc. Sold out 0.00% −0.77 BKD Brookdale Senior Living Inc. Reduce -34.0% 3.72% −0.65 CLS Celestica Inc. Reduce -51.5% 2.53% −0.59 KBR KBR Inc. Sold out 0.00% −0.35 GSM Ferroglobe PLC Reduce -28.2% 2.82% −0.17 PROF Profound Medical Corp. Sold out 0.00% −0.13 NTGR Netgear Inc. Reduce -18.0% 3.83% −0.13 LLYVA Liberty Media Corp.-Liberty-A Reduce -22.5% 2.99% −0.08 GXO Gxo Logistics Inc. Reduce -5.9% 3.87% +0.29 SEI Solaris Energy Infrastructur Reduce -22.1% 5.33% +0.75 OFIX Orthofix Medical Inc. Reduce -12.0% 7.01% +1.28
Portfolio Buys Q2 2025 → Q3 2025 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 Q2 2025 % Of Portfolio Change To Portfolio ▼ NVRI Enviri Corp. Add +37.1% 8.78% +4.64 DCH Dauch Corporation New 3.81% +3.81 SLM SLM Corp. New 3.35% +3.35 DD Dupont DE Nemours Inc. New 3.14% +3.14 BIO Bio-Rad Laboratories-A New 2.83% +2.83 PAR Par Technology Corp. New 2.74% +2.74 ACA Arcosa Inc. New 2.58% +2.58 DCO Ducommun Inc. New 2.22% +2.22 TAC Transalta Corp. New 2.02% +2.02 MTRX Matrix Service Co. New 1.70% +1.70 CLMT Calumet Inc. Add +24.4% 4.38% +1.51 SRI Stoneridge Inc. Add +15.5% 4.69% +1.14 SWIM Latham Group Inc. Add +6.3% 3.73% +0.95 FVR Frontview REIT Inc. New 0.47% +0.47 MGNI Magnite Inc. Add +19.9% 2.50% +0.32 GLNG Golar LNG Ltd. Add +4.6% 3.52% +0.28 TFII Tfi International Inc. Add +20.7% 0.62% +0.13 ASTL Algoma Steel Group Inc. Add +34.3% 3.01% −1.09
Options Activity Q2 2025 → Q3 2025 Security Type Change vs Q2 2025 Underlying Shares Value ▼ MTUM iShares MSCI USA Momentum Fa put Sold out 145,000 $34.8Mbefore exit HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Reduce -10.3% 350,000 $28.4M SPY SS SPDR S&P 500 ETF Trust-US put Reduce -77.0% 34,000 $22.7M NLR Vaneck Urani & Nuclr ETF-Usd put Sold out 145,000 $16.1Mbefore exit IWM iShares Russell 2000 ETF put New 60,000 $14.5M ASTL Algoma Steel Group Inc. call Sold out 2,045,000 $14.1Mbefore exit ALGT Allegiant Travel Co. call Sold out 189,400 $10.4Mbefore exit DTCR Global X Data Center & Digit put Sold out 300,000 $5.6Mbefore exit AGX Argan Inc. put Sold out 25,000 $5.5Mbefore exit KBE SS SPDR S&P Bank ETF call Sold out 95,000 $5.3Mbefore exit MEOH Methanex Corp. put Sold out 150,000 $5.0Mbefore exit RCI Rogers Communications Inc. Class B call Sold out 150,000 $4.4Mbefore exit GTLS Chart Industries Inc. call Sold out 17,500 $2.9Mbefore exit TAC Transalta Corp. call New 200,000 $2.7M KNF Knife River Corp. put New 35,000 $2.7M OTEX Open Text Corp. call New 70,000 $2.6M SEI Solaris Energy Infrastructur put New 65,000 $2.6M DD Dupont DE Nemours Inc. call New 32,500 $2.5M CPRT Copart Inc. put Sold out 50,000 $2.5Mbefore exit DOW Dow Inc. put Sold out 75,000 $2.0Mbefore exit FLG Flagstar Bank NA call New 167,500 $1.9M OSCR Oscar Health Inc. Class A put Sold out 65,000 $1.4Mbefore exit HCI Hci Group Inc. put Sold out 8,500 $1.3Mbefore exit BXP BXP Inc. put Sold out 18,500 $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