Cruiser Capital Advisors, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Cruiser Capital Advisors, LLC reported 49 stock positions worth $100.1 million. Its top holding was Ftai Aviation (FTAI) at 31.1% of the portfolio, followed by Api (APG, 8.6%) and CRH (CRH, 7.5%). Compared with Q2 2025, it opened 14 new positions, sold out of 5, added to 7 and reduced 5. The biggest buy was Kingstone Cos (KINS, shares +48%) and the biggest sale an exit from SS SPDR S&P 500 ETF Trust-US (SPY).
- Most Recent 13F
- Q2 2026
- Location
- Stamford, CT
- CIK
- 0001713506
- Portfolio Value
- $100.1M (Q3 2025)
- SEC Filing
- 0000897069-25-001697 ↗ filed Nov 14, 2025
Holdings Value
Holdings 49 stocks · $100.1M
| FTAI Ftai Aviation Ltd. | 31.12% | 186,742 | $31.2M | Reduce -1.4% |
| APG Api Group Corp. | 8.61% | 250,726 | $8.6M | No change |
| CRH CRH PLC | 7.52% | 62,791 | $7.5M | Reduce -13.7% |
| GFL GFL Environmental Inc.-Sub VT | 5.57% | 117,767 | $5.6M | Add +3.4% |
| KINS Kingstone Cos Inc. | 5.05% | 344,019 | $5.1M | Add +47.6% |
| NBIS Nebius Group NV | 4.70% | 41,900 | $4.7M | No change |
| AVD American Vanguard Corp. | 4.42% | 789,284 | $4.4M | No change |
| TIC Tic Solutions Inc. filed as ACUREN CORP | 2.76% | 207,607 | $2.8M | Reduce -11.2% |
| FIP Ftai Infrastructure Inc. | 2.30% | 527,557 | $2.3M | Add +9.5% |
| ORN Orion Group Holdings Inc. | 2.03% | 244,104 | $2.0M | Add +4.3% |
| SABLE OFFSHORE CORP | 2.00% | 500 | $2.0M | New |
| APD Air Products & Chemicals Inc. | 1.79% | 6,574 | $1.8M | No change |
| GDOT Green Dot Corp. Class A | 1.75% | 130,250 | $1.7M | Add +85.4% |
| AGM Federal Agric MTG Corp. Class C | 1.55% | 9,249 | $1.6M | Add +19.4% |
| GECC Great Elm Capital Corp. | 1.42% | 142,259 | $1.4M | No change |
| FTAI INFRASTRUCTURE INC | 1.40% | 2,000 | $1.4M | No change |
| SRUUF Sprott Physical Uranium TR | 1.34% | 67,100 | $1.3M | New |
| ASH Ashland Inc. | 0.95% | 19,900 | $953K | New |
| OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC | 0.93% | 111,800 | $932K | New |
| AMBAC FINL GROUP INC | 0.90% | 1,000 | $900K | New |
| KINGSTONE COS INC | 0.87% | 500 | $875K | No change |
| NN Nextnav Inc. | 0.84% | 58,854 | $842K | Reduce -14.5% |
| RITM Rithm Capital Corp. | 0.75% | 65,649 | $748K | Add +7.5% |
| MOD Modine Manufacturing Co. | 0.71% | 5,000 | $711K | No change |
| MSOS Advisorshares Pure US Cann | 0.71% | 147,600 | $707K | No change |
| UNH Unitedhealth Group Inc. | 0.69% | 2,000 | $691K | New |
| ADVISORSHARES TR | 0.62% | 1,250 | $625K | New |
| URNM Sprott Uranium Miners ETF | 0.60% | 10,000 | $604K | No change |
| QXO Qxo Inc. | 0.55% | 10,000 | $550K | No change |
| DUOT Duos Technologies Group Inc. | 0.53% | 72,254 | $532K | New |
| LODE Comstock Inc. | 0.53% | 155,000 | $530K | New |
| CURI Curiositystream Inc. | 0.53% | 100,000 | $530K | New |
| PENN Penn Entertainment Inc. | 0.48% | 25,000 | $482K | No change |
| GTLS Chart Industries Inc. | 0.44% | 2,200 | $440K | No change |
| PBI Pitney Bowes Inc. | 0.43% | 37,906 | $433K | No change |
| ALIT Alight Inc. Class A | 0.36% | 111,206 | $363K | Reduce -15.2% |
| GPGI Gpgi Inc. filed as COMPOSECURE INC | 0.29% | 13,876 | $289K | No change |
| TDAY USA Today Co. Inc. filed as GANNETT CO INC | 0.27% | 66,075 | $273K | No change |
| SKIL Skillsoft Corp. | 0.27% | 20,813 | $271K | No change |
| ACR Acres Commercial Realty Corp. | 0.25% | 11,742 | $248K | No change |
| BCIC BCP Investment Corp. | 0.24% | 20,435 | $236K | New |
| CECO Ceco Environmental Corp. | 0.23% | 4,431 | $227K | New |
| INVE Inve Technologies Inc. filed as IDENTIV INC | 0.14% | 41,778 | $144K | No change |
| STIM Neuronetics Inc. | 0.14% | 50,000 | $137K | No change |
| VLY Valley National Bancorp | 0.13% | 12,399 | $131K | New |
| BODI The Beachbody Co. Inc. filed as THE BEACHBODY COMPANY INC | 0.12% | 19,830 | $117K | New |
| PERI Perion Network Ltd. | 0.10% | 10,000 | $96K | No change |
| OEC Orion SA | 0.08% | 11,000 | $83K | No change |
| SEQLL INC | 0.00% | 70,000 | $336 | No change |
Other holdings (8): bonds, preferreds, convertibles and warrants · $56K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| RSVRW Reservoir Media-CW26 | *W EXP 08/26/202 | 30,503 | $27K | No change |
| SCLXW Vickers Vantage Corp. I -CW27 | *W EXP 11/10/202 | 49,999 | $12K | No change |
| PHYWF PHYT WS -CW | *W EXP 05/03/202 | 37,500 | $12K | No change |
| BDMDW Baird Medical Investment -28 | *W EXP 10/01/202 | 27,500 | $2K | No change |
| MSAIW Sportsmap Tech Acq -CW27 | *W EXP 12/19/202 | 37,500 | $1K | No change |
| ICUCW LMF Acquisition Opp -A -CW26 | *W EXP 10/28/202 | 32,473 | $880 | No change |
| AEAEW Altenergy Acquisition -CW23 | *W EXP 10/29/202 | 20,000 | $763 | No change |
| BENFW Beneficient Co. Group -28 | *W EXP 06/07/202 | 48,750 | $702 | No change |
Total filed on the 13F, all lines: $100.2M.
Portfolio Sells Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Sold out | 0.00% | −51.48 |
| ISHARES TR | Sold out | 0.00% | −12.55 |
| GREEN DOT CORP | Sold out | 0.00% | −1.11 |
| AMRZ Amrize Ltd. | Sold out | 0.00% | −0.59 |
| CORZ Core Scientific Inc. | Sold out | 0.00% | −0.47 |
| ALIT Alight Inc. Class A | Reduce -15.2% | 0.36% | +0.03 |
| NN Nextnav Inc. | Reduce -14.5% | 0.84% | +0.38 |
| TIC Tic Solutions Inc. | Reduce -11.2% | 2.76% | +0.68 |
| CRH CRH PLC | Reduce -13.7% | 7.52% | +4.55 |
| FTAI Ftai Aviation Ltd. | Reduce -1.4% | 31.12% | +21.44 |
Portfolio Buys Q2 2025 → Q3 2025
| KINS Kingstone Cos Inc. | Add +47.6% | 5.05% | +3.46 |
| GFL GFL Environmental Inc.-Sub VT | Add +3.4% | 5.57% | +3.13 |
| SABLE OFFSHORE CORP | New | 2.00% | +2.00 |
| GDOT Green Dot Corp. Class A | Add +85.4% | 1.75% | +1.41 |
| SRUUF Sprott Physical Uranium TR | New | 1.34% | +1.34 |
| ORN Orion Group Holdings Inc. | Add +4.3% | 2.03% | +1.09 |
| FIP Ftai Infrastructure Inc. | Add +9.5% | 2.30% | +0.98 |
| ASH Ashland Inc. | New | 0.95% | +0.95 |
| OSG Octave Specialty Group Inc. | New | 0.93% | +0.93 |
| AMBAC FINL GROUP INC | New | 0.90% | +0.90 |
| AGM Federal Agric MTG Corp. Class C | Add +19.4% | 1.55% | +0.88 |
| UNH Unitedhealth Group Inc. | New | 0.69% | +0.69 |
| ADVISORSHARES TR | New | 0.62% | +0.62 |
| DUOT Duos Technologies Group Inc. | New | 0.53% | +0.53 |
| LODE Comstock Inc. | New | 0.53% | +0.53 |
| CURI Curiositystream Inc. | New | 0.53% | +0.53 |
| RITM Rithm Capital Corp. | Add +7.5% | 0.75% | +0.44 |
| BCIC BCP Investment Corp. | New | 0.24% | +0.24 |
| CECO Ceco Environmental Corp. | New | 0.23% | +0.23 |
| VLY Valley National Bancorp | New | 0.13% | +0.13 |
| BODI The Beachbody Co. Inc. | New | 0.12% | +0.12 |
Notes & Other Activity Q2 2025 → Q3 2025
| SABLE OFFSHORE CORP | *W EXP 02/14/202 | Sold out | 11,365 | $250Kbefore exit |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 43 | $162.1M | ISHARES TR, FTAI, APG, NBIS, CRH |
| Q1 2026 | 44 | $257.3M | ISHARES TR, STATE STR SPDR S&P 500 ETF T, FTAI, APG, CRH |
| Q4 2025 | 46 | $117.9M | FTAI, STATE STR SPDR S&P 500 ETF T, APG, CRH, KINS |
| Q3 2025 | 49 | $100.1M | FTAI, APG, CRH, GFL, KINS |
| Q2 2025 | 40 | $225.3M | SPY, ISHARES TR, FTAI, APG, CRH |
| Q1 2025 | 41 | $73.9M | FTAI, CRH, APG, NVEE, AVD |
| Q4 2024 | 40 | $180.8M | STATE STR SPDR S&P 500 ETF T, STATE STR SPDR S&P 500 ETF T, FTAI, CRH, APG |
| Q3 2024 | 41 | $122.9M | FTAI, 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 | $72.0M | FTAI, AVD, APG, CRH, GFL |
| Q1 2024 | 34 | $68.0M | FTAI, AVD, APG, CRH, ALIT |