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TCM
Tyro Capital Management Portfolio holdings
AUM
$446M
1-Year Est. Return
84.15%
This Fund
S&P 500
This Quarter
Est. Return
+20.98%
1 Year Est. Return
+84.15%
3 Year Est. Return
–
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$255M
AUM Growth
-$13.4M
(-5%)
Cap. Flow
-$47.4M
Cap. Flow
% of AUM
-18.58%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
16
New
2
Increased
6
Reduced
2
Closed
6
Avg Time Held
3.2
quarters
Top 10 Avg Time Held
2.6
quarters
Top 20 Avg Time Held
3.2
quarters
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Liquidia Corp
LQDA
|
+$18.4M |
| 2 |
VRNA
Verona Pharma
VRNA
|
+$15.9M |
| 3 |
SharkNinja
SN
|
+$9.43M |
| 4 |
Cogent Communications
CCOI
|
+$7.35M |
| 5 |
Groupon
GRPN
|
+$3.89M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Carpenter Technology
CRS
|
+$28.6M |
| 2 |
Roivant Sciences
ROIV
|
+$24.9M |
| 3 |
GE Aerospace
GE
|
+$19.9M |
| 4 |
GPGI
GPGI Inc
GPGI
|
+$11.1M |
| 5 |
Construction Partners
ROAD
|
+$9.75M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Healthcare | 31.91% |
| 2 | Communication Services | 25.45% |
| 3 | Consumer Discretionary | 15.65% |
| 4 | Industrials | 14.84% |
| 5 | Materials | 12.15% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
1
Establishment Labs
ESTA
$1.98B
| $45.6M | 17.87% |
1,066,721
+2,835
| +0.3% | +$98.9K |
2025 Q1
1 quarter
|
|
|
2
Groupon
GRPN
$802M
| $34.2M | 13.41% |
1,021,717
+152,406
| +18% | +$3.89M |
2024 Q4
2 quarters
|
|
3
CRH
CRH
$55B
| $31M | 12.15% |
337,560
+807
| +0.2% | +$73.6K |
2023 Q4
6 quarters
|
|
|
4
Cogent Communications
CCOI
$455M
| $30.7M | 12.04% |
636,895
+144,792
| +29% | +$7.35M |
2023 Q4
6 quarters
|
|
|
5
SharkNinja
SN
$25.7B
| $21.6M | 8.46% |
217,803
+109,038
| +100% | +$9.43M |
2025 Q1
1 quarter
|
|
|
6
Carpenter Technology
CRS
$19.4B
| $21.5M | 8.42% |
77,674
-131,285
| -63% | -$28.6M |
2024 Q2
4 quarters
|
|
|
VRNA
7
DELISTED
Verona Pharma
VRNA
| $20.3M | 7.97% |
+214,719
| New | +$15.9M |
2025 Q2
0 quarters
|
|
8
Crocs
CROX
$5.67B
| $18.3M | 7.19% |
181,022
+432
| +0.2% | +$44K |
2023 Q4
6 quarters
|
|
|
9
Construction Partners
ROAD
$5.14B
| $16.4M | 6.42% |
154,023
-104,308
| -40% | -$9.75M |
2023 Q4
6 quarters
|
|
|
10
Liquidia Corp
LQDA
$2.47B
| $15.5M | 6.07% |
+1,241,839
| New | +$18.4M |
2025 Q2
0 quarters
|
|
11
Celsius Holdings
CELH
$6.96B
| – | – |
-75,757
| Closed | -$2.7M | – |
|
|
GPGI
12
GPGI Inc
GPGI
$3.76B
| – | – |
-1,018,107
| Closed | -$11.1M | – |
|
|
13
GE Aerospace
GE
$318B
| – | – |
-99,189
| Closed | -$19.9M | – |
|
14
Immunovant
IMVT
$6.87B
| – | – |
-177,107
| Closed | -$3.03M | – |
|
|
15
Roivant Sciences
ROIV
$25.8B
| – | – |
-2,465,377
| Closed | -$24.9M | – |
|
|
RHLD
16
Resolute Holdings Management
RHLD
$904M
| – | – |
-84,842
| Closed | -$2.66M | – |
|
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Tyro Capital Management's Q2 2025 Portfolio in Review
As of Q2 2025, Tyro Capital Management held 16 positions worth $255M, down 5% from $268M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Tyro Capital Management withdrew a net $47.4M in Q2 2025, closing 6 positions and reducing 2 holdings. Its most notable exit was Roivant Sciences, an estimated $24.9M position sold in full.
By sector, the portfolio is most concentrated in Healthcare at 32% of assets, up from 27% a quarter earlier, followed by Communication Services and Consumer Discretionary.
Against the trend, Tyro Capital Management opened a new position in Liquidia Corp worth $15.5M.
- Tyro Capital Management's largest Q2 2025 buy was Liquidia Corp: 1,241,839 shares worth $15.5M.
- Tyro Capital Management added most to SharkNinja in Q2 2025, an estimated $9.43M increase.
- Tyro Capital Management's biggest Q2 2025 reduction was Carpenter Technology, cutting an estimated $28.6M.
- Tyro Capital Management fully exited Roivant Sciences in Q2 2025, selling an estimated $24.9M.
- Tyro Capital Management's ten largest holdings make up 100% of its $255M portfolio in Q2 2025.
- Tyro Capital Management opened 2 new positions and closed 6 in Q2 2025.
- Tyro Capital Management's portfolio value fell 5% quarter-over-quarter to $255M.
Based on Tyro Capital Management's 13F filing for Q2 2025, filed 8 Aug 2025.