Cyrus Capital Partners, L.P.

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Cyrus Capital Partners, L.P. reported 7 stock positions worth $323.8 million. Its top holding was Garrett Motion (GTX) at 85.4% of the portfolio, followed by Overseas Shipholding Group-A (8.4%) and Hawaiian (HA, 4.8%). Compared with Q4 2023, it opened 1 new position, sold out of 1 and reduced 5. The biggest buy was a new position in Proshares TR and the biggest sale International Seaways (INSW, shares −95%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001166564
Portfolio Value
$323.8M (Q1 2024)
SEC Filing
0001172661-24-002532 ↗ filed May 15, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $323.8M $323.8M Q1 2024 Q2 2024: $234.9M Q2 2024 Q3 2024: $254.4M Q3 2024 Q4 2024: $291.8M Q4 2024 Q1 2025: $274.4M Q1 2025 Q2 2025: $307.4M Q2 2025 Q3 2025: $337.2M Q3 2025 Q4 2025: $190.3M Q4 2025 Q1 2026: $150.0M Q1 2026 Q2 2026: $146.2M Q2 2026

Holdings 7 stocks · $323.8M
GTX Garrett Motion Inc. 85.44% 27,834,399 $276.7M Reduce -5.8%
OVERSEAS SHIPHOLDING GROUP-A 8.43% 4,264,087 $27.3M No change
HA Hawaiian Holdings Inc. 4.79% 1,163,357 $15.5M Reduce -15.6%
ICMB Investcorp Credit Management 0.64% 670,270 $2.1M Reduce -41.7%
INSW International Seaways Inc. 0.50% 30,638 $1.6M Reduce -95.0%
FET Forum Energy Technologies Inc. 0.12% 19,433 $388K Reduce -51.1%
PROSHARES TR 0.08% 10,000 $249K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $47.3M (not counted above)
SecurityClassShares / PrincipalValueChange
SPIRIT AIRLINES INC (SAVE 1 05/15/26) NOTE 1.000% 5/1 · principal 101,537,000$47.3MAdd +50.4%

Total filed on the 13F, all lines: $371.2M.

Portfolio Sells Q4 2023 → Q1 2024
INSW International Seaways Inc. Reduce -95.0% 0.50% −6.95
SAVEQ Spirit Airlines Inc. Sold out 0.00% −3.09
HA Hawaiian Holdings Inc. Reduce -15.6% 4.79% −0.47
ICMB Investcorp Credit Management Reduce -41.7% 0.64% −0.45
FET Forum Energy Technologies Inc. Reduce -51.1% 0.12% −0.12
GTX Garrett Motion Inc. Reduce -5.8% 85.44% +8.61

Portfolio Buys Q4 2023 → Q1 2024
PROSHARES TR New 0.08% +0.08

Notes & Other Activity Q4 2023 → Q1 2024
SPIRIT AIRLINES INC (SAVE 1 05/15/26) NOTE 1.000% 5/1 · principal Add +50.4% 101,537,000 $47.3M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 3$146.2MECHO, CZR, SLV
Q1 2026 5$150.0MECHO, GTX, CZR, MEOH, NBIS
Q4 2025 4$190.3MGTX, ECHO, MEOH, NBIS
Q3 2025 3$337.2MGTX, ECHO, MEOH
Q2 2025 4$307.4MGTX, ECHO, FLYYQ, MEOH
Q1 2025 4$274.4MGTX, ECHO, MEOH, NBIS
Q4 2024 5$291.8MGTX, ECHO, MEOH, VEON, BORR
Q3 2024 3$254.4MGTX, ECHO, NBIS
Q2 2024 1$234.9MGTX
Q1 2024 7$323.8MGTX, OVERSEAS SHIPHOLDING GROUP-A, HA, ICMB, INSW