Cyrus Capital Partners, L.P.

In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 14, 2024), Cyrus Capital Partners, L.P. reported 3 stock positions worth $254.4 million. Its top holding was Garrett Motion (GTX) at 87.9% of the portfolio, followed by Echostar Class A (ECHO, 11.2%) and Nebius (NBIS, 0.8%). Compared with Q2 2024, it opened 2 new positions and reduced 1. The biggest buy was a new position in Echostar Class A (ECHO) and the biggest sale Garrett Motion (GTX, shares −0%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001166564
Portfolio Value
$254.4M (Q3 2024)
SEC Filing
0001172661-24-005193 ↗ filed Nov 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $323.8M Q1 2024 Q2 2024: $234.9M Q2 2024 Q3 2024: $254.4M $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 3 stocks · $254.4M
GTX Garrett Motion Inc. 87.92% 27,337,398 $223.6M Reduce -0.0%
ECHO Echostar Corp. Class A 11.25% 1,152,802 $28.6M New
NBIS Nebius Group NV 0.83% 125,367 $2.1M New
Other holdings (3): bonds, preferreds, convertibles and warrants · $208.7M (not counted above)
SecurityClassShares / PrincipalValueChange
DISH NETWORK CORP (DISH 0 12/15/25) NOTE 12/1 · principal 107,125,000$92.7MAdd +42.0%
DISH NETWORK CORP (DISH 3.375 08/15/26) NOTE 3.375% 8/1 · principal 103,831,000$83.3MAdd +191.5%
SPIRIT AIRLINES INC (SAVE 1 05/15/26) NOTE 1.000% 5/1 · principal 108,462,000$32.7MReduce -2.7%

Total filed on the 13F, all lines: $463.0M.

Portfolio Sells Q2 2024 → Q3 2024
GTX Garrett Motion Inc. Reduce -0.0% 87.92% −12.08

Portfolio Buys Q2 2024 → Q3 2024
ECHO Echostar Corp. Class A New 11.25% +11.25
NBIS Nebius Group NV New 0.83% +0.83

Notes & Other Activity Q2 2024 → Q3 2024
DISH NETWORK CORP (DISH 0 12/15/25) NOTE 12/1 · principal Add +42.0% 107,125,000 $92.7M
DISH NETWORK CORP (DISH 3.375 08/15/26) NOTE 3.375% 8/1 · principal Add +191.5% 103,831,000 $83.3M
SPIRIT AIRLINES INC (SAVE 1 05/15/26) NOTE 1.000% 5/1 · principal Reduce -2.7% 108,462,000 $32.7M

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