Tyro Capital Management LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 8, 2025), Tyro Capital Management LLC reported 10 stock positions worth $254.9 million. Its top holding was Establishment Labs (ESTA) at 17.9% of the portfolio, followed by Groupon (GRPN, 13.4%) and CRH (CRH, 12.2%). Compared with Q1 2025, it opened 2 new positions, sold out of 6, added to 6 and reduced 2. The biggest buy was a new position in Verona Pharma (VRNA) and the biggest sale an exit from Roivant Sciences (ROIV).
- Most Recent 13F
- Q2 2026
- Location
- MIAMI, FL
- CIK
- 0001915395
- Portfolio Value
- $254.9M (Q2 2025)
- SEC Filing
- 0001915395-25-000018 ↗ filed Aug 8, 2025
Holdings Value
Holdings 10 stocks · $254.9M
| ESTA Establishment Labs Holdings | 17.87% | 1,066,721 | $45.6M | Add +0.3% |
| GRPN Groupon Inc. | 13.41% | 1,021,717 | $34.2M | Add +17.5% |
| CRH CRH PLC | 12.15% | 337,560 | $31.0M | Add +0.2% |
| CCOI Cogent Communications Holdin | 12.04% | 636,895 | $30.7M | Add +29.4% |
| SN Sharkninja Inc. | 8.46% | 217,803 | $21.6M | Add +100.3% |
| CRS Carpenter Technology | 8.42% | 77,674 | $21.5M | Reduce -62.8% |
| VRNA Verona Pharma Ltd. | 7.97% | 214,719 | $20.3M | New |
| CROX Crocs Inc. | 7.19% | 181,022 | $18.3M | Add +0.2% |
| ROAD Construction Partners Inc. Class A | 6.42% | 154,023 | $16.4M | Reduce -40.4% |
| LQDA Liquidia Corp. | 6.07% | 1,241,839 | $15.5M | New |
Portfolio Sells Q1 2025 → Q2 2025
| ROIV Roivant Sciences Ltd. | Sold out | 0.00% | −9.27 |
| GE General Electric | Sold out | 0.00% | −7.40 |
| CRS Carpenter Technology | Reduce -62.8% | 8.42% | −5.69 |
| GPGI Gpgi Inc. | Sold out | 0.00% | −4.12 |
| IMVT Immunovant Inc. | Sold out | 0.00% | −1.13 |
| CELH Celsius Holdings Inc. | Sold out | 0.00% | −1.01 |
| RHLD Resolute Holdings Manag | Sold out | 0.00% | −0.99 |
| ROAD Construction Partners Inc. Class A | Reduce -40.4% | 6.42% | −0.50 |
Portfolio Buys Q1 2025 → Q2 2025
| VRNA Verona Pharma Ltd. | New | 7.97% | +7.97 |
| GRPN Groupon Inc. | Add +17.5% | 13.41% | +7.33 |
| LQDA Liquidia Corp. | New | 6.07% | +6.07 |
| SN Sharkninja Inc. | Add +100.3% | 8.46% | +5.08 |
| ESTA Establishment Labs Holdings | Add +0.3% | 17.87% | +1.70 |
| CRH CRH PLC | Add +0.2% | 12.15% | +1.12 |
| CCOI Cogent Communications Holdin | Add +29.4% | 12.04% | +0.80 |
| CROX Crocs Inc. | Add +0.2% | 7.19% | +0.05 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 15 | $445.7M | ESTA, CELH, CRS, SN, SPRY |
| Q1 2026Amended | 23 | $395.0M | ESTA, CRS, CRH, SN, CROX |
| Q4 2025Amended | 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 2024Amended | 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 |