CYRUS CAPITAL PARTNERS, L.P.

2. Key Holdings

The portfolio is overwhelmingly dominated by a single position: EchoStar Corp (ECHOSTAR), which accounts for 92.44% of the total value ($79.77 million). The firm holds 32.43 million shares, making this the clear "anchor" of the portfolio. Despite being the largest holding, the firm reduced this position by 38.2% during the quarter (selling $17.98 million worth of shares). This suggests a measured exit or profit-taking strategy while maintaining a massive residual exposure.

The second holding, Methanex Corp (MEOH), represents a mere 7.56% of the portfolio ($6.52 million). Notably, the filing classifies Methanex under "Healthcare" in the provided sector breakdown; however, Methanex is a global producer of methanol (Energy/Chemicals). This classification anomaly suggests a data labeling error, but financially, this position serves as a minor satellite holding compared to the dominant EchoStar stake.