Cyrus Capital Partners, L.P.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Cyrus Capital Partners, L.P. reported 4 stock positions worth $307.4 million. Its top holding was Garrett Motion (GTX) at 81.0% of the portfolio, followed by Echostar Class A (ECHO, 14.3%) and Spirit Aviation (FLYYQ, 2.9%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 1 and reduced 1. The biggest buy was a new position in Spirit Aviation (FLYYQ) and the biggest sale Garrett Motion (GTX, shares −13%).
- Most Recent 13F
- Q2 2026
- Location
- New York, NY
- CIK
- 0001166564
- Portfolio Value
- $307.4M (Q2 2025)
- SEC Filing
- 0001172661-25-003516 ↗ filed Aug 14, 2025
Holdings Value
Holdings 4 stocks · $307.4M
| GTX Garrett Motion Inc. | 81.05% | 23,705,198 | $249.1M | Reduce -13.3% |
| ECHO Echostar Corp. Class A | 14.32% | 1,589,496 | $44.0M | Add +3.7% |
| FLYYQ Spirit Aviation Holdings Inc. | 2.86% | 1,763,624 | $8.8M | New |
| MEOH Methanex Corp. | 1.77% | 164,000 | $5.4M | No change |
Options reported separately and not counted above: ECHO calls ($12.5M).
Other holdings (1): bonds, preferreds, convertibles and warrants · $61.8M (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | 52,477,707 | $61.8M | Add +7.4% |
Total filed on the 13F, all lines: $369.2M.
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
Options Activity Q1 2025 → Q2 2025
| ECHO Echostar Corp. Class A | call | New | 450,000 | $12.5M |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
Notes & Other Activity Q1 2025 → Q2 2025
| ECHOSTAR CORP (ECHO 3.875 11/30/30) | NOTE 3.875%11/3 · principal | Add +7.4% | 52,477,707 | $61.8M |
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 | 3 | $146.2M | ECHO, CZR, SLV |
| Q1 2026 | 5 | $150.0M | ECHO, GTX, CZR, MEOH, NBIS |
| Q4 2025 | 4 | $190.3M | GTX, ECHO, MEOH, NBIS |
| Q3 2025 | 3 | $337.2M | GTX, ECHO, MEOH |
| Q2 2025 | 4 | $307.4M | GTX, ECHO, FLYYQ, MEOH |
| Q1 2025 | 4 | $274.4M | GTX, ECHO, MEOH, NBIS |
| Q4 2024 | 5 | $291.8M | GTX, ECHO, MEOH, VEON, BORR |
| Q3 2024 | 3 | $254.4M | GTX, ECHO, NBIS |
| Q2 2024 | 1 | $234.9M | GTX |
| Q1 2024 | 7 | $323.8M | GTX, OVERSEAS SHIPHOLDING GROUP-A, HA, ICMB, INSW |