DOSSIER · 13F-HR · Q1 2026

Tyro Capital Management LLC

$921M in tracked AUM across 26 positions as of Q1 2026.

TC
CIK 0001915395 · last filed Mar 31, 2026
Total AUM
$921M
as of Q1 2026
Holdings
26
positions
Whale Score
73
73
strong
Activity
no data
changes this Q
AI Analysis · Q1 2026
Tyro Capital Management LLC – 13F Filing Analysis

Report Period: Q3 2025 (September 30, 2025)

1. Portfolio Overview

Tyro Capital Management LLC reported a significant contraction in portfolio size during the third quarter of 2025, with total assets under management (AUM) decreasing by 32.2%, falling from $254.94 million to $172.83 million. This reduction is attributable not only to potential market depreciation but also to a substantial rotation in the portfolio's underlying assets. Th...

2. Key Holdings

The portfolio is currently dominated by two positions of nearly equal weight: Establishment Labs Holdings Inc. and CRH PLC, which comprise 25.55% and 25.01% of the portfolio, respectively. Establishment Labs represents a significant bet on the medical aesthetics/aesthetics technology sector, while CRH provides exposure to heavy building materials and infrastructure.

The third largest holding, Cogent Communications Holdings, Inc. (CCOI), accounts for 20.75% of the portfolio. The fund increased its stake in CCOI by 46.9% during the quarter, adding $5.16 million, suggesting strong conviction in the communication services infrastructure narrative despite the sector's volatility.

Quarter at a glance — Q1 2026

Position-change comparison pending.

No quarter-over-quarter changes available.

Top 10 holdings

By portfolio weight as of Q1 2026.

#HoldingValueSharesWeight
01
SPY
STATE STR SPDR S&P 500 ETF T
$424M653K46.1%
02
G31249108
ESTABLISHMENT LABS HLDGS INC
$136M2.4M14.8%
03
CRS
CARPENTER TECHNOLOGY CORP
$53M135K5.8%
04
G25508105
CRH PLC
$41M385K4.4%
05
G8068L108
SHARKNINJA INC
$40M382K4.4%
06
CROX
CROCS INC
$32M388K3.5%
07
CCOI
COGENT COMM HOLDINGS INC
$30M1.6M3.3%
08
SPRY
ARS PHARMACEUTICALS INC
$24M3.0M2.6%
09
ROAD
CONSTRUCTION PARTNERS INC
$20M176K2.1%
10
WDC
WESTERN DIGITAL CORP
$16M60K1.7%

Filing history

2026Q1Mar 31
$921M 70.3%
26 positionsView →
2025Q4Dec 31
$541M 212.8%
14 positionsView →
2025Q3Sep 30
$173M 32.2%
6 positionsView →
2025Q2Jun 30
$255M 45.5%
10 positionsLocked
2025Q1Mar 31
$175M 42.6%
10 positionsLocked
2024Q4Dec 31
$305M 39.5%
13 positionsLocked
2024Q3Sep 30
$505M 128.9%
27 positionsLocked
2024Q2Jun 30
$221M 27.4%
18 positionsLocked
2024Q1Mar 31
$173M 22.0%
16 positionsLocked
2023Q4Dec 31
$142M
13 positionsLocked