Tyro Capital Management LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Tyro Capital Management LLC reported 14 stock positions worth $268.4 million. Its top holding was Establishment Labs (ESTA) at 16.2% of the portfolio, followed by Carpenter Technology (CRS, 14.1%) and Cogent Communications Holdin (CCOI, 11.2%). Compared with Q4 2024, it opened 4 new positions, sold out of 1, added to 8 and reduced 2. The biggest buy was a new position in Establishment Labs (ESTA) and the biggest sale Gpgi (GPGI, shares −50%).

Most Recent 13F
Q2 2026
Location
MIAMI, FL
CIK
0001915395
Portfolio Value
$268.4M (Q1 2025)
SEC Filing
0001915395-25-000013 ↗ filed May 15, 2025

Holdings Value

0$100.0M$200.0M$300.0M$400.0M$500.0M Q1 2024: $173.1M Q1 2024 Q2 2024: $220.6M Q2 2024 Q3 2024: $194.6M Q3 2024 Q4 2024: $233.8M Q4 2024 Q1 2025: $268.4M $268.4M Q1 2025 Q2 2025: $254.9M Q2 2025 Q3 2025: $269.2M Q3 2025 Q4 2025: $321.3M Q4 2025 Q1 2026: $395.0M Q1 2026 Q2 2026: $445.7M Q2 2026

Holdings 14 stocks · $268.4M
ESTA Establishment Labs Holdings 16.18% 1,063,886 $43.4M New
CRS Carpenter Technology 14.11% 208,959 $37.9M Add +16.9%
CCOI Cogent Communications Holdin 11.24% 492,103 $30.2M Add +16.9%
CRH CRH PLC 11.04% 336,753 $29.6M Add +16.9%
ROIV Roivant Sciences Ltd. 9.27% 2,465,377 $24.9M Add +16.9%
GE General Electric filed as GE AEROSPACE 7.40% 99,189 $19.9M Add +16.9%
CROX Crocs Inc. 7.15% 180,590 $19.2M Add +110.2%
ROAD Construction Partners Inc. Class A 6.92% 258,331 $18.6M Add +6.6%
GRPN Groupon Inc. 6.08% 869,311 $16.3M Reduce -49.6%
GPGI Gpgi Inc. filed as COMPOSECURE INC 4.12% 1,018,107 $11.1M Reduce -49.6%
SN Sharkninja Inc. 3.38% 108,765 $9.1M New
IMVT Immunovant Inc. 1.13% 177,107 $3.0M Add +16.9%
CELH Celsius Holdings Inc. 1.01% 75,757 $2.7M New
RHLD Resolute Holdings Manag 0.99% 84,842 $2.7M New

Portfolio Sells Q4 2024 → Q1 2025
GPGI Gpgi Inc. Reduce -49.6% 4.12% −9.11
CLMT Calumet Inc. Sold out 0.00% −8.05
GRPN Groupon Inc. Reduce -49.6% 6.08% −2.89

Portfolio Buys Q4 2024 → Q1 2025
ESTA Establishment Labs Holdings New 16.18% +16.18
SN Sharkninja Inc. New 3.38% +3.38
CROX Crocs Inc. Add +110.2% 7.15% +3.12
GE General Electric Add +16.9% 7.40% +1.35
CRS Carpenter Technology Add +16.9% 14.11% +1.14
CELH Celsius Holdings Inc. New 1.01% +1.01
RHLD Resolute Holdings Manag New 0.99% +0.99
CRH CRH PLC Add +16.9% 11.04% −0.36
IMVT Immunovant Inc. Add +16.9% 1.13% −0.48
ROIV Roivant Sciences Ltd. Add +16.9% 9.27% −1.40
ROAD Construction Partners Inc. Class A Add +6.6% 6.92% −2.25
CCOI Cogent Communications Holdin Add +16.9% 11.24% −2.63

Options Activity Q4 2024 → Q1 2025
NVIDIA CORPORATION call Sold out 450,000 $67.5Mbefore exit
CALUMET INC call Sold out 163,300 $4.1Mbefore exit

Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 15$445.7MESTA, CELH, CRS, SN, SPRY
Q1 2026Amended 23$395.0MESTA, CRS, CRH, SN, CROX
Q4 2025Amended 11$321.3MESTA, CRH, SN, CRS, CROX
Q3 2025 10$269.2MESTA, CRH, CCOI, CRS, GRPN
Q2 2025 10$254.9MESTA, GRPN, CRH, CCOI, SN
Q1 2025 14$268.4MESTA, CRS, CCOI, CRH, ROIV
Q4 2024 11$233.8MCCOI, GPGI, CRS, CRH, ROIV
Q3 2024Amended 12$194.6MCCOI, CRS, CRH, ROIV, GPGI
Q2 2024 18$220.6MHWM, CROX, CCOI, ROIV, CRH
Q1 2024 16$173.1MCRH, CROX, HWM, CCOI, ROAD