Tyro Capital Management LLC In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Tyro Capital Management LLC reported 11 stock positions worth $233.8 million . Its top holding was Cogent Communications Holdin (CCOI) at 13.9% of the portfolio, followed by Gpgi (GPGI, 13.2% ) and Carpenter Technology (CRS, 13.0% ). Compared with Q3 2024, it opened 1 new position, sold out of 2, added to 9 and reduced 1. The biggest buy was a new position in Groupon (GRPN) and the biggest sale an exit from Valvoline (VVV).
Location MIAMI, FL
CIK 0001915395
Portfolio Value $233.8M (Q4 2024) Holdings 11 stocks · $233.8M 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 Q3 2024 CCOI Cogent Communications Holdin 420,825 $32.4M Add +20.1% GPGI Gpgi Inc. filed as COMPOSECURE INC 2,019,078 $31.0M Add +1.2% CRS Carpenter Technology 178,693 $30.3M Add +20.1% CRH CRH PLC 287,977 $26.6M Add +20.1% ROIV Roivant Sciences Ltd. 2,108,283 $24.9M Add +20.1% ROAD Construction Partners Inc. Class A 242,309 $21.4M Add +20.1% GRPN Groupon Inc. 1,725,395 $21.0M New CLMT Calumet Inc. 854,947 $18.8M Add +20.1% GE General Electric filed as GE AEROSPACE 84,822 $14.1M Add +20.1% CROX Crocs Inc. 85,913 $9.4M Add +20.1% IMVT Immunovant Inc. 151,456 $3.8M Reduce -39.9%
Options reported separately and not counted above: NVIDIA CORPORATION calls ($67.5M), CALUMET INC calls ($4.1M).
Portfolio Sells Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▲ VVV Valvoline Inc. Sold out 0.00% −7.44 YUMC Yum China Holdings Inc. Sold out 0.00% −5.18 IMVT Immunovant Inc. Reduce -39.9% 1.60% −2.09
Portfolio Buys Q3 2024 → Q4 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 Q3 2024 % Of Portfolio Change To Portfolio ▼ GRPN Groupon Inc. New 8.97% +8.97 GPGI Gpgi Inc. Add +1.2% 13.24% +3.15 ROAD Construction Partners Inc. Class A Add +20.1% 9.17% +1.93 CLMT Calumet Inc. Add +20.1% 8.05% +1.54 CRS Carpenter Technology Add +20.1% 12.97% +0.77 ROIV Roivant Sciences Ltd. Add +20.1% 10.67% +0.26 CCOI Cogent Communications Holdin Add +20.1% 13.87% +0.21 CRH CRH PLC Add +20.1% 11.39% −0.03 GE General Electric Add +20.1% 6.05% −0.79 CROX Crocs Inc. Add +20.1% 4.02% −1.30
Options Activity Q3 2024 → Q4 2024 Security Type Change vs Q3 2024 Underlying Shares Value ▼ FXI iShares China Large-Cap ETF call Sold out 3,210,000 $111.9Mbefore exit NVIDIA CORPORATION call New 450,000 $67.5M CALUMET INC call New 163,300 $4.1M CLMT Calumet Inc. call Sold out 136,100 $3.4Mbefore exit
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