Cyrus Capital Partners, L.P.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Cyrus Capital Partners, L.P. reported 5 stock positions worth $291.8 million. Its top holding was Garrett Motion (GTX) at 84.6% of the portfolio, followed by Echostar Class A (ECHO, 12.0%) and Methanex (MEOH, 2.1%). Compared with Q3 2024, it opened 3 new positions, sold out of 1 and added to 1. The biggest buy was a new position in Methanex (MEOH) and the biggest sale an exit from Nebius (NBIS).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001166564
Portfolio Value
$291.8M (Q4 2024)
SEC Filing
0001172661-25-001196 ↗ filed Feb 14, 2025

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 Q3 2024 Q4 2024: $291.8M $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 5 stocks · $291.8M
GTX Garrett Motion Inc. 84.60% 27,337,398 $246.9M No change
ECHO Echostar Corp. Class A 12.03% 1,533,209 $35.1M Add +33.0%
MEOH Methanex Corp. 2.14% 125,000 $6.2M New
VEON Veon Ltd. 1.03% 74,670 $3.0M New
BORR Borr Drilling Ltd. 0.20% 150,000 $585K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $51.3M (not counted above)
SecurityClassShares / PrincipalValueChange
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 48,878,920$51.3MNew

Total filed on the 13F, all lines: $343.1M.

Portfolio Sells Q3 2024 → Q4 2024
NBIS Nebius Group NV Sold out 0.00% −0.83

Portfolio Buys Q3 2024 → Q4 2024
MEOH Methanex Corp. New 2.14% +2.14
VEON Veon Ltd. New 1.03% +1.03
ECHO Echostar Corp. Class A Add +33.0% 12.03% +0.78
BORR Borr Drilling Ltd. New 0.20% +0.20

Notes & Other Activity Q3 2024 → Q4 2024
DISH NETWORK CORP (DISH 0 12/15/25) NOTE 12/1 · principal Sold out 107,125,000 $92.7Mbefore exit
DISH NETWORK CORP (DISH 3.375 08/15/26) NOTE 3.375% 8/1 · principal Sold out 103,831,000 $83.3Mbefore exit
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal New 48,878,920 $51.3M
SPIRIT AIRLINES INC (SAVE 1 05/15/26) NOTE 1.000% 5/1 · principal Sold out 108,462,000 $32.7Mbefore exit

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