Tyro Capital Management LLC In its 13F for Q1 2026 (holdings as of March 31, 2026, filed July 6, 2026), Tyro Capital Management LLC reported 23 stock positions worth $395.0 million . Its top holding was Establishment Labs (ESTA) at 16.5% of the portfolio, followed by Carpenter Technology (CRS, 13.5% ) and CRH (CRH, 10.3% ). Compared with Q4 2025, it opened 13 new positions, sold out of 1 and added to 10. The biggest buy was a new position in Western Digital (WDC) and the biggest sale an exit from Uniqure (QURE).
Location MIAMI, FL
CIK 0001915395
Portfolio Value $395.0M (Q1 2026) Holdings 23 stocks · $395.0M 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 Q4 2025 ESTA Establishment Labs Holdings 1,151,309 $65.4M Add +6.8% CRS Carpenter Technology 135,004 $53.2M Add +6.6% CRH CRH PLC 385,498 $40.5M Add +6.6% SN Sharkninja Inc. 381,864 $40.4M Add +6.6% CROX Crocs Inc. 387,668 $32.2M Add +6.6% SPRY Ars Pharmaceuticals Inc. 2,968,599 $23.8M Add +48.8% ROAD Construction Partners Inc. Class A 175,896 $19.5M Add +6.6% WDC Western Digital Corp. 59,548 $16.1M New SNDK Sandisk Corp. 25,028 $15.9M New CELH Celsius Holdings Inc. 316,894 $11.2M Add +6.6% LITE Lumentum Holdings Inc. 15,453 $10.9M New LULU Lululemon Athletica Inc. 62,544 $9.6M Add +6.7% KLAC KLA Corp. 6,086 $9.0M New MKSI MKS Inc. 36,855 $8.5M New ASML ASML Holding NV-NY Reg SHS filed as ASML HLDG NV 6,130 $8.1M New LRCX Lam Research Corp. 37,862 $8.1M New UCTT Ultra Clean Holdings Inc. 119,133 $7.4M New CYTK Cytokinetics Inc. 64,666 $4.3M Add +6.6% RIVN Rivian Automotive Inc. Class A 257,351 $3.9M New TTD Trade Desk Inc./the Class A filed as THE TRADE DESK INC 87,787 $2.0M New INTC Intel Corp. 44,824 $2.0M New HNGE Hinge Health Inc. Class A 49,578 $1.9M New SNDA Sonida Senior Living Inc. 36,451 $1.2M New
Options reported separately and not counted above: SPY puts ($424.5M), ESTA puts ($71.0M), CCOI calls ($30.1M).
Portfolio Sells Q4 2025 → Q1 2026 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 Q4 2025 % Of Portfolio Change To Portfolio ▲ QURE Uniqure NV Sold out 0.00% −4.94
Portfolio Buys Q4 2025 → Q1 2026 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 Q4 2025 % Of Portfolio Change To Portfolio ▼ WDC Western Digital Corp. New 4.08% +4.08 SNDK Sandisk Corp. New 4.03% +4.03 LITE Lumentum Holdings Inc. New 2.75% +2.75 KLAC KLA Corp. New 2.27% +2.27 MKSI MKS Inc. New 2.14% +2.14 ASML ASML Holding NV-NY Reg SHS New 2.05% +2.05 LRCX Lam Research Corp. New 2.05% +2.05 UCTT Ultra Clean Holdings Inc. New 1.88% +1.88 CRS Carpenter Technology Add +6.6% 13.47% +1.07 RIVN Rivian Automotive Inc. Class A New 0.98% +0.98 TTD Trade Desk Inc./the Class A New 0.50% +0.50 INTC Intel Corp. New 0.50% +0.50 HNGE Hinge Health Inc. Class A New 0.48% +0.48 SNDA Sonida Senior Living Inc. New 0.30% +0.30 CYTK Cytokinetics Inc. Add +6.6% 1.08% −0.12 ROAD Construction Partners Inc. Class A Add +6.6% 4.95% −0.62 SPRY Ars Pharmaceuticals Inc. Add +48.8% 6.03% −1.20 LULU Lululemon Athletica Inc. Add +6.7% 2.42% −1.37 CELH Celsius Holdings Inc. Add +6.6% 2.85% −1.38 CROX Crocs Inc. Add +6.6% 8.15% −1.53 SN Sharkninja Inc. Add +6.6% 10.24% −2.23 CRH CRH PLC Add +6.6% 10.26% −3.78 ESTA Establishment Labs Holdings Add +6.8% 16.55% −7.89
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put New 652,700 $424.5M CRH CRH PLC call Sold out 1,000,000 $124.8Mbefore exit ESTA Establishment Labs Holdings put Add +25.0% 1,250,000 $71.0M CCOI Cogent Communications Holdin call Add +60.0% 1,600,000 $30.1M
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