Cruiser Capital Advisors, LLC

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Cruiser Capital Advisors, LLC reported 41 stock positions worth $122.9 million. Its top holding was Ftai Aviation (FTAI) at 22.6% of the portfolio, followed by State STR SPDR S&P 500 ETF T (9.6%) and State STR SPDR S&P 500 ETF T (8.7%). Compared with Q2 2024, it opened 15 new positions, sold out of 7, added to 11 and reduced 4. The biggest buy was a new position in State STR SPDR S&P 500 ETF T and the biggest sale Ftai Aviation (FTAI, shares −3%).

Most Recent 13F
Q2 2026
Location
Stamford, CT
CIK
0001713506
Portfolio Value
$122.9M (Q3 2024)
SEC Filing
0000897069-24-002162 ↗ filed Nov 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $68.0M Q1 2024 Q2 2024: $72.0M Q2 2024 Q3 2024: $122.9M $122.9M Q3 2024 Q4 2024: $180.8M Q4 2024 Q1 2025: $73.9M Q1 2025 Q2 2025: $225.3M Q2 2025 Q3 2025: $100.1M Q3 2025 Q4 2025: $117.9M Q4 2025 Q1 2026: $257.3M Q1 2026 Q2 2026: $162.1M Q2 2026

Holdings 41 stocks · $122.9M
FTAI Ftai Aviation Ltd. 22.61% 221,126 $27.8M Reduce -3.5%
STATE STR SPDR S&P 500 ETF T 9.61% 20,000 $11.8M New
STATE STR SPDR S&P 500 ETF T 8.71% 20,000 $10.7M New
FTAI AVIATION LTD 7.73% 100,000 $9.5M New
FTAI AVIATION LTD 6.10% 50,000 $7.5M New
CRH CRH PLC 5.75% 76,191 $7.1M Add +5.3%
AVD American Vanguard Corp. 5.18% 1,200,682 $6.4M Add +18.4%
APG Api Group Corp. 4.47% 166,494 $5.5M Add +7.5%
GFL GFL Environmental Inc.-Sub VT 3.56% 109,767 $4.4M No change
ASH Ashland Inc. 3.33% 47,050 $4.1M Add +46.8%
FIP Ftai Infrastructure Inc. 3.25% 426,627 $4.0M Add +3.8%
ALIT Alight Inc. Class A 3.24% 538,310 $4.0M Add +10.9%
NVEE NV5 Global Inc. 2.09% 27,452 $2.6M No change
AGM Federal Agric MTG Corp. Class C 1.18% 7,749 $1.5M No change
GECC Great Elm Capital Corp. 1.17% 141,259 $1.4M Add +15.9%
ORN Orion Group Holdings Inc. 1.14% 243,072 $1.4M New
URNM Sprott Uranium Miners ETF 1.08% 55,000 $1.3M Add +22.2%
CECO Ceco Environmental Corp. 0.91% 39,702 $1.1M Reduce -13.6%
FSK FS KKR Capital Corp. 0.89% 55,227 $1.1M No change
ALIGHT INC 0.73% 100,000 $900K New
REEAF Ree Automotive Ltd. Class A 0.72% 125,500 $886K New
CRH PLC 0.67% 10,000 $825K New
CORZ Core Scientific Inc. 0.62% 64,458 $764K New
EHAB Enhabit Inc. 0.60% 93,313 $737K Reduce -34.4%
MOD Modine Manufacturing Co. 0.54% 5,000 $664K No change
PBI Pitney Bowes Inc. 0.54% 92,306 $658K Add +12.2%
GTLS Chart Industries Inc. 0.53% 5,200 $646K No change
CVS CVS Health Corp. 0.51% 10,000 $629K New
CXT Crane NXT Co. 0.36% 7,824 $439K Reduce -4.6%
RITM Rithm Capital Corp. 0.35% 38,000 $431K Add +35.7%
KINS Kingstone Cos Inc. 0.32% 42,960 $393K New
GPGI Gpgi Inc. filed as COMPOSECURE INC 0.27% 23,810 $334K New
SKIL Skillsoft Corp. 0.26% 20,813 $323K New
BCIC BCP Investment Corp. filed as PORTMAN RIDGE FIN CORP 0.25% 16,278 $302K No change
NN Nextnav Inc. 0.21% 33,854 $254K Add +90.9%
JRVR James River Group Holdings I 0.16% 31,747 $199K New
TDAY USA Today Co. Inc. filed as GANNETT CO INC 0.12% 26,475 $149K No change
INVE Inve Technologies Inc. filed as IDENTIV INC 0.12% 41,778 $147K No change
LXU LSB Industries Inc. 0.07% 10,000 $80K No change
NDLS Noodles & Co. 0.04% 39,217 $47K New
SEQLL INC 0.00% 70,000 $300 No change
Other holdings (11): bonds, preferreds, convertibles and warrants · $215K (not counted above)
SecurityClassShares / PrincipalValueChange
PCTTW Purecycle Techno-CW26 *W EXP 03/17/202 49,944$150KNo change
RSVRW Reservoir Media-CW26 *W EXP 08/26/202 30,503$41KNo change
SCLXW Vickers Vantage Corp. I -CW27 *W EXP 11/10/202 49,999$11KNo change
XFINW Excelfin Acquisition -CW23 *W EXP 10/25/202 27,500$4KNo change
PHYWF PHYT WS -CW *W EXP 05/03/202 37,500$2KNo change
JETAI INC *W EXP 08/10/202 15,270$2KReduce -69.5%
SURGW Surgepays Inc. -CW24 *W EXP 10/22/202 98,144$2KReduce -0.5%
ICUCW LMF Acquisition Opp -A -CW26 *W EXP 10/28/202 32,473$1KNo change
MSAIW Sportsmap Tech Acq -CW27 *W EXP 12/19/202 37,500$1KNo change
BENFW Beneficient Co. Group -28 *W EXP 06/07/202 48,750$419No change
AEAEW Altenergy Acquisition -CW23 *W EXP 10/29/202 20,000$224No change

Total filed on the 13F, all lines: $123.1M.

Portfolio Sells Q2 2024 → Q3 2024
FTAI Ftai Aviation Ltd. Reduce -3.5% 22.61% −8.62
ALGT Allegiant Travel Co. Sold out 0.00% −1.40
EHAB Enhabit Inc. Reduce -34.4% 0.60% −1.16
CECO Ceco Environmental Corp. Reduce -13.6% 0.91% −0.93
FREE Whole Earth Brands Inc. Sold out 0.00% −0.60
CXT Crane NXT Co. Reduce -4.6% 0.36% −0.34
DIREXION DLY S&P 500 BEAR 3X Sold out 0.00% −0.19
VRME Verifyme Inc. Sold out 0.00% −0.09
HLLY Holley Inc. Sold out 0.00% −0.05
VSTO Vista Outdoor Inc. Sold out 0.00% −0.00
VSACU Vision Sensing Acquisition C Sold out 0.00% −0.00

Portfolio Buys Q2 2024 → Q3 2024
STATE STR SPDR S&P 500 ETF T New 9.61% +9.61
STATE STR SPDR S&P 500 ETF T New 8.71% +8.71
FTAI AVIATION LTD New 7.73% +7.73
FTAI AVIATION LTD New 6.10% +6.10
ORN Orion Group Holdings Inc. New 1.14% +1.14
ALIGHT INC New 0.73% +0.73
REEAF Ree Automotive Ltd. Class A New 0.72% +0.72
CRH PLC New 0.67% +0.67
CORZ Core Scientific Inc. New 0.62% +0.62
CVS CVS Health Corp. New 0.51% +0.51
KINS Kingstone Cos Inc. New 0.32% +0.32
GPGI Gpgi Inc. New 0.27% +0.27
SKIL Skillsoft Corp. New 0.26% +0.26
JRVR James River Group Holdings I New 0.16% +0.16
NDLS Noodles & Co. New 0.04% +0.04
NN Nextnav Inc. Add +90.9% 0.21% +0.01
PBI Pitney Bowes Inc. Add +12.2% 0.54% −0.05
RITM Rithm Capital Corp. Add +35.7% 0.35% −0.07
URNM Sprott Uranium Miners ETF Add +22.2% 1.08% −0.50
GECC Great Elm Capital Corp. Add +15.9% 1.17% −0.64
ASH Ashland Inc. Add +46.8% 3.33% −0.88
FIP Ftai Infrastructure Inc. Add +3.8% 3.25% −1.68
ALIT Alight Inc. Class A Add +10.9% 3.24% −1.73
CRH CRH PLC Add +5.3% 5.75% −1.78
APG Api Group Corp. Add +7.5% 4.47% −3.63
AVD American Vanguard Corp. Add +18.4% 5.18% −6.94

Notes & Other Activity Q2 2024 → Q3 2024
VRMEW Verifyme Inc. -CW25 *W EXP 06/22/202 Sold out 100,000 $7Kbefore exit
JETAI INC *W EXP 08/10/202 Reduce -69.5% 15,270 $2K
SURGW Surgepays Inc. -CW24 *W EXP 10/22/202 Reduce -0.5% 98,144 $2K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 43$162.1MISHARES TR, FTAI, APG, NBIS, CRH
Q1 2026 44$257.3MISHARES TR, STATE STR SPDR S&P 500 ETF T, FTAI, APG, CRH
Q4 2025 46$117.9MFTAI, STATE STR SPDR S&P 500 ETF T, APG, CRH, KINS
Q3 2025 49$100.1MFTAI, APG, CRH, GFL, KINS
Q2 2025 40$225.3MSPY, ISHARES TR, FTAI, APG, CRH
Q1 2025 41$73.9MFTAI, CRH, APG, NVEE, AVD
Q4 2024 40$180.8MSTATE STR SPDR S&P 500 ETF T, STATE STR SPDR S&P 500 ETF T, FTAI, CRH, APG
Q3 2024 41$122.9MFTAI, STATE STR SPDR S&P 500 ETF T, STATE STR SPDR S&P 500 ETF T, FTAI AVIATION LTD, FTAI AVIATION LTD
Q2 2024 33$72.0MFTAI, AVD, APG, CRH, GFL
Q1 2024 34$68.0MFTAI, AVD, APG, CRH, ALIT