AYAL Capital Advisors Ltd In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), AYAL Capital Advisors Ltd reported 36 stock positions worth $182.5 million . Its top holding was Enviri (NVRI) at 8.2% of the portfolio, followed by Solaris Energy Infrastructur (SEI, 7.8% ) and Orthofix Medical (OFIX, 6.2% ). Compared with Q3 2025, it opened 13 new positions, sold out of 10, added to 10 and reduced 11. The biggest buy was a new position in Boyd Group Services (BGSI) and the biggest sale an exit from Brookdale Senior Living (BKD).
Location Toronto, A6
CIK 0002011524
Portfolio Value $182.5M (Q4 2025) Holdings 36 stocks · $182.5M 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 2025 NVRI Enviri Corp. 840,000 $15.1M Reduce -29.9% SEI Solaris Energy Infrastructur 309,121 $14.2M Add +33.6% OFIX Orthofix Medical Inc. 742,372 $11.3M Reduce -10.6% BGSI Boyd Group Services Inc. 58,098 $9.3M New PAR Par Technology Corp. 205,000 $7.4M Add +70.8% ACA Arcosa Inc. 66,972 $7.1M Add +40.4% MIDD Middleby Corp. 44,000 $6.5M New SRI Stoneridge Inc. 1,089,000 $6.3M Add +2.1% BIO Bio-Rad Laboratories-A 20,000 $6.1M Add +14.3% GLNG Golar LNG Ltd. 161,319 $6.0M Add +6.8% ATEX Anterix Inc. 265,000 $5.8M Add +26.8% GXO Gxo Logistics Inc. 100,000 $5.3M Reduce -21.3% DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN 800,000 $5.1M Reduce -27.2% CTRI Centuri Holdings Inc. 200,000 $5.0M New KD Kyndryl Holdings Inc. 190,000 $5.0M New NTGR Netgear Inc. 203,672 $5.0M Reduce -0.7% REZI Resideo Technologies Inc. 140,840 $4.9M New SLM SLM Corp. 169,180 $4.6M Reduce -19.4% CLS Celestica Inc. 15,400 $4.6M Reduce -13.5% SGHC Super Group SGHC Ltd. 377,406 $4.5M New TFII Tfi International Inc. 38,950 $4.0M Add +218.0% GENI Genius Sports Ltd. 352,009 $3.9M New CLMT Calumet Inc. 195,000 $3.9M Reduce -53.2% SKYH SKY Harbour Group Corp. 424,592 $3.8M No change DCO Ducommun Inc. 40,000 $3.8M No change PRCH Porch Group Inc. 406,542 $3.7M New SGRY Surgery Partners Inc. 225,000 $3.5M Add +80.0% SOLS Solstice Adv Materials Inc. 70,000 $3.4M New MGNI Magnite Inc. 200,000 $3.2M Add +0.5% LLYVA Liberty Live Holdings Class A 31,000 $2.5M Reduce -43.6% CDNL Cardinal Infrastructure GR-A 94,200 $2.3M New ATS Ats Corp. 72,200 $2.0M New SWIM Latham Group Inc. 300,000 $1.9M Reduce -64.7% TU Telus Corp. 60,000 $790K New CAE Cae Inc. 13,500 $411K New TAC Transalta Corp. 25,600 $324K Reduce -90.0%
Options reported separately and not counted above: HYG puts ($58.5M), ARKK puts ($27.2M), SPY puts ($13.3M), SEI puts ($2.8M), PRCH calls ($1.4M), NVRI calls ($1.3M).
Portfolio Sells Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▲ BKD Brookdale Senior Living Inc. Sold out 0.00% −3.72 DD Dupont DE Nemours Inc. Sold out 0.00% −3.14 AGCO Agco Corp. Sold out 0.00% −3.09 ASTL Algoma Steel Group Inc. Sold out 0.00% −3.01 GSM Ferroglobe PLC Sold out 0.00% −2.82 SWIM Latham Group Inc. Reduce -64.7% 1.04% −2.69 CLMT Calumet Inc. Reduce -53.2% 2.12% −2.26 TAC Transalta Corp. Reduce -90.0% 0.18% −1.84 MTRX Matrix Service Co. Sold out 0.00% −1.70 LLYVA Liberty Live Holdings Class A Reduce -43.6% 1.38% −1.61 BLDR Builders Firstsource Inc. Sold out 0.00% −1.54 NTGR Netgear Inc. Reduce -0.7% 2.74% −1.09 DCH Dauch Corporation Reduce -27.2% 2.81% −1.00 GXO Gxo Logistics Inc. Reduce -21.3% 2.88% −0.99 SLM SLM Corp. Reduce -19.4% 2.51% −0.84 OFIX Orthofix Medical Inc. Reduce -10.6% 6.17% −0.84 NVRI Enviri Corp. Reduce -29.9% 8.25% −0.53 FVR Frontview REIT Inc. Sold out 0.00% −0.47 IP International Paper Co. Sold out 0.00% −0.42 PAL Proficient Auto Logistics Inc. Sold out 0.00% −0.20 CLS Celestica Inc. Reduce -13.5% 2.49% −0.04
Portfolio Buys Q3 2025 → Q4 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 Q3 2025 % Of Portfolio Change To Portfolio ▼ BGSI Boyd Group Services Inc. New 5.07% +5.07 MIDD Middleby Corp. New 3.58% +3.58 CTRI Centuri Holdings Inc. New 2.77% +2.77 KD Kyndryl Holdings Inc. New 2.76% +2.76 REZI Resideo Technologies Inc. New 2.71% +2.71 SGHC Super Group SGHC Ltd. New 2.47% +2.47 SEI Solaris Energy Infrastructur Add +33.6% 7.78% +2.45 GENI Genius Sports Ltd. New 2.13% +2.13 PRCH Porch Group Inc. New 2.03% +2.03 SOLS Solstice Adv Materials Inc. New 1.86% +1.86 TFII Tfi International Inc. Add +218.0% 2.21% +1.58 PAR Par Technology Corp. Add +70.8% 4.07% +1.34 ACA Arcosa Inc. Add +40.4% 3.90% +1.32 CDNL Cardinal Infrastructure GR-A New 1.25% +1.25 ATS Ats Corp. New 1.09% +1.09 ATEX Anterix Inc. Add +26.8% 3.17% +0.58 BIO Bio-Rad Laboratories-A Add +14.3% 3.32% +0.49 TU Telus Corp. New 0.43% +0.43 SGRY Surgery Partners Inc. Add +80.0% 1.90% +0.34 CAE Cae Inc. New 0.23% +0.23 GLNG Golar LNG Ltd. Add +6.8% 3.29% −0.23 MGNI Magnite Inc. Add +0.5% 1.78% −0.72 SRI Stoneridge Inc. Add +2.1% 3.45% −1.23
Options Activity Q3 2025 → Q4 2025 Security Type Change vs Q3 2025 Underlying Shares Value ▼ HYG Ishr Ibx Usd Hiyld CB ETF-Ui put Add +107.1% 725,000 $58.5M ARKK ARK Innovation ETF put New 353,600 $27.2M IWM iShares Russell 2000 ETF put Sold out 60,000 $14.5Mbefore exit SPY SS SPDR S&P 500 ETF Trust-US put Reduce -42.6% 19,500 $13.3M SEI Solaris Energy Infrastructur put Reduce -7.7% 60,000 $2.8M TAC Transalta Corp. call Sold out 200,000 $2.7Mbefore exit KNF Knife River Corp. put Sold out 35,000 $2.7Mbefore exit OTEX Open Text Corp. call Sold out 70,000 $2.6Mbefore exit DD Dupont DE Nemours Inc. call Sold out 32,500 $2.5Mbefore exit FLG Flagstar Bank NA call Sold out 167,500 $1.9Mbefore exit PRCH Porch Group Inc. call New 150,000 $1.4M NVRI Enviri Corp. call New 75,000 $1.3M
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