Cyrus Capital Partners, L.P.

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Cyrus Capital Partners, L.P. reported 4 stock positions worth $190.3 million. Its top holding was Garrett Motion (GTX) at 62.8% of the portfolio, followed by Echostar Class A (ECHO, 32.9%) and Methanex (MEOH, 3.4%). Compared with Q3 2025, it opened 1 new position and reduced 2. The biggest buy was a new position in Nebius (NBIS) and the biggest sale Garrett Motion (GTX, shares −65%).

Most Recent 13F
Q2 2026
Location
New York, NY
CIK
0001166564
Portfolio Value
$190.3M (Q4 2025)
SEC Filing
0001172661-26-001169 ↗ filed Feb 17, 2026

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 Q4 2024 Q1 2025: $274.4M Q1 2025 Q2 2025: $307.4M Q2 2025 Q3 2025: $337.2M Q3 2025 Q4 2025: $190.3M $190.3M Q4 2025 Q1 2026: $150.0M Q1 2026 Q2 2026: $146.2M Q2 2026

Holdings 4 stocks · $190.3M
GTX Garrett Motion Inc. 62.76% 6,851,997 $119.4M Reduce -65.1%
ECHO Echostar Corp. Class A 32.94% 576,571 $62.7M Reduce -30.7%
MEOH Methanex Corp. 3.42% 164,000 $6.5M No change
NBIS Nebius Group NV 0.88% 20,000 $1.7M New
Other holdings (1): bonds, preferreds, convertibles and warrants · $81.9M (not counted above)
SecurityClassShares / PrincipalValueChange
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal 24,532,027$81.9MReduce -24.4%

Total filed on the 13F, all lines: $272.2M.

Portfolio Sells Q3 2025 → Q4 2025
GTX Garrett Motion Inc. Reduce -65.1% 62.76% −16.46
ECHO Echostar Corp. Class A Reduce -30.7% 32.94% +14.09

Portfolio Buys Q3 2025 → Q4 2025
NBIS Nebius Group NV New 0.88% +0.88

Notes & Other Activity Q3 2025 → Q4 2025
ECHOSTAR CORP (ECHO 3.875 11/30/30) NOTE 3.875%11/3 · principal Reduce -24.4% 24,532,027 $81.9M

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