Tyro Capital Management LLC In its 13F for Q3 2024 (holdings as of September 30, 2024, filed December 6, 2024), Tyro Capital Management LLC reported 12 stock positions worth $194.6 million . Its top holding was Cogent Communications Holdin (CCOI) at 13.7% of the portfolio, followed by Carpenter Technology (CRS, 12.2% ) and CRH (CRH, 11.4% ). Compared with Q2 2024, it opened 3 new positions, sold out of 9, added to 7 and reduced 2. The biggest buy was a new position in Gpgi (GPGI) and the biggest sale an exit from Howmet Aerospace (HWM).
Location MIAMI, FL
CIK 0001915395
Portfolio Value $194.6M (Q3 2024) Holdings 12 stocks · $194.6M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q2 2024 CCOI Cogent Communications Holdin 350,304 $26.6M Add +0.6% CRS Carpenter Technology 148,749 $23.7M Add +38.8% CRH CRH PLC 239,716 $22.2M Add +0.6% ROIV Roivant Sciences Ltd. 1,754,976 $20.3M Add +0.6% GPGI Gpgi Inc. filed as COMPOSECURE INC 1,995,610 $19.6M New VVV Valvoline Inc. 346,228 $14.5M Add +0.6% ROAD Construction Partners Inc. Class A 201,701 $14.1M Reduce -32.6% GE General Electric filed as GE AEROSPACE 70,607 $13.3M Add +0.6% CLMT Calumet Inc. 711,678 $12.7M New CROX Crocs Inc. 71,515 $10.4M Reduce -49.7% YUMC Yum China Holdings Inc. 224,036 $10.1M New IMVT Immunovant Inc. 252,149 $7.2M Add +0.6%
Options reported separately and not counted above: FXI calls ($111.9M), CLMT calls ($3.4M).
Portfolio Sells Q2 2024 → Q3 2024 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▲ HWM Howmet Aerospace Inc. Sold out 0.00% −10.21 MKSI MKS Inc. Sold out 0.00% −7.42 GSM Ferroglobe PLC Sold out 0.00% −5.07 GOOGL Alphabet Inc. Class A Sold out 0.00% −4.60 DESP Despegar.com Corp. Sold out 0.00% −4.22 CROX Crocs Inc. Reduce -49.7% 5.32% −4.08 UCTT Ultra Clean Holdings Inc. Sold out 0.00% −2.03 ICHR Ichor Holdings Ltd. Sold out 0.00% −1.61 GEV GE Vernova Inc. Sold out 0.00% −1.36 GPRE Green Plains Inc. Sold out 0.00% −1.08 ROAD Construction Partners Inc. Class A Reduce -32.6% 7.23% −0.26
Portfolio Buys Q2 2024 → Q3 2024 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q2 2024 % Of Portfolio Change To Portfolio ▼ GPGI Gpgi Inc. New 10.08% +10.08 CRS Carpenter Technology Add +38.8% 12.20% +6.87 CLMT Calumet Inc. New 6.52% +6.52 YUMC Yum China Holdings Inc. New 5.18% +5.18 CCOI Cogent Communications Holdin Add +0.6% 13.66% +4.75 CRH CRH PLC Add +0.6% 11.42% +3.32 ROIV Roivant Sciences Ltd. Add +0.6% 10.40% +2.05 GE General Electric Add +0.6% 6.84% +1.78 VVV Valvoline Inc. Add +0.6% 7.44% +0.70 IMVT Immunovant Inc. Add +0.6% 3.69% +0.69
Options Activity Q2 2024 → Q3 2024 Security Type Change vs Q2 2024 Underlying Shares Value ▼ FXI iShares China Large-Cap ETF call New 3,210,000 $111.9M CLMT Calumet Inc. call New 136,100 $3.4M
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 15 $445.7M ESTA, CELH, CRS, SN, SPRY Q1 2026 Amended 23 $395.0M ESTA, CRS, CRH, SN, CROX Q4 2025 Amended 11 $321.3M ESTA, CRH, SN, CRS, CROX Q3 2025 10 $269.2M ESTA, CRH, CCOI, CRS, GRPN Q2 2025 10 $254.9M ESTA, GRPN, CRH, CCOI, SN Q1 2025 14 $268.4M ESTA, CRS, CCOI, CRH, ROIV Q4 2024 11 $233.8M CCOI, GPGI, CRS, CRH, ROIV Q3 2024 Amended 12 $194.6M CCOI, CRS, CRH, ROIV, GPGI Q2 2024 18 $220.6M HWM, CROX, CCOI, ROIV, CRH Q1 2024 16 $173.1M CRH, CROX, HWM, CCOI, ROAD