Stocks/Funds/CIK 1915395

Tyro Capital Management LLC

concentrated
Quarterly 13F filings · Latest period 2026-03-31 · CIK 1915395
Assets
$395M
+47.2% YoY
Holdings
23
Lifetime alpha vs market
+3.31% annual
Average hold time
0.8 yr
median 0.5 yr

Quarterly history

Cum return +51% vs S&P +41% · α +11% lifetimeAUM $395M · peak $395MFlow $59M (+17%)2023-122024-062024-122025-062025-122026-03
AUM ($B)fundS&P 500(gap = α)/ Flow in/out

Behavior signals (lifetime)

Dip response
+11.81%
adds when stocks drop
when a holding falls −10%+
Middle response
+7.45%
steady accumulation
Rally response
-3.66%
trims into rallies
when a holding rises +10%+

Top positions · 23

Ticker$ value% portYoYHold time
ESTAEstablishment Labs Holdi$65M16.5%+39.1%1.3 yr
CRSCarpenter Technology Cor$53M13.5%+118.3%2.0 yr
CRH.LCRH plc$41M10.3%2.5 yr
SNSharkNinja, Inc.$40M10.2%+27.0%1.3 yr
CROXCrocs, Inc.$32M8.1%-21.8%2.5 yr
SPRYARS Pharmaceuticals, Inc$24M6.0%-36.2%0.5 yr
ROADConstruction Partners, I$20M4.9%+54.6%2.5 yr
WDCWestern Digital Corporat$16M4.1%+571.9%0.3 yr
SNDKSandisk Corporation$16M4.0%+1234.5%0.3 yr
CELHCelsius Holdings, Inc.$11M2.8%-0.4%0.8 yr
LITELumentum Holdings Inc.$11M2.7%+1027.3%0.3 yr
LULULululemon Athletica Inc.$10M2.4%-45.9%0.5 yr
KLACKLA Corporation$9M2.3%+118.2%0.3 yr
MKSIMKS Inc.$8M2.1%+188.8%0.8 yr
ASMLASML Holding N.V.$8M2.0%+100.9%0.3 yr

Portfolio composition (YoY)

Industry mix
Medical - Devices16.5%+0.4pp$65M
Manufacturing - Metal Fabrication13.5%-4.8pp$53M
Construction Materials10.3%-0.8pp$41M
Furnishings, Fixtures & Appliances10.2%+6.9pp$40M
Semiconductors8.7%$35M
Apparel - Footwear & Accessories8.1%+1.0pp$32M
Biotechnology7.1%-3.3pp$28M
Hardware, Equipment & Parts6.2%$24M
Engineering & Construction4.9%-2.0pp$20M
Computer Hardware4.1%$16M
Country
US68.7%+5.2pp
CR16.5%+0.4pp
IE10.3%-0.8pp
CA2.4%
NL2.0%
Top 5: 58.7% · Top 10: 80.6% · Top 25: 100.0%

Winners

TickerPrev $PnLYoY %
CRS$38M+0.04B118.3%
ESTA$43M+0.02B39.1%
ROAD$19M+0.01B54.6%
SN$9M+0.00B27.0%
CELH$3M-0.00B-0.4%

Losers

TickerPrev $PnLYoY %
CROX$19M-0.00B-21.8%
CELH$3M-0.00B-0.4%

Top buys this quarter · 15

WDC Western Digital Corporationnew+$16M
SNDK Sandisk Corporationnew+$16M
LITE Lumentum Holdings Inc.new+$11M
KLAC KLA Corporationnew+$9M
ASML ASML Holding N.V.new+$8M
LRCX Lam Research Corporationnew+$8M
SPRY ARS Pharmaceuticals, Inc.+$8M
ESTA Establishment Labs Holdings In+$65M
RIVN Rivian Automotive, Inc.new+$4M
CRS Carpenter Technology Corporati+$3M

Top sells this quarter · 4

MKSI MKS Inc.$20M
SNDA Sonida Senior Living, Inc.$17M
QURE uniQure N.V.exit$11M
HNGE Hinge Health, Inc.$10M

Quarterly history (TTM returns)

PeriodAUM# PosReturn (1yr)SPY (1yr)Alpha (1yr)Flow
2026-03-31$395M23+19.11%+17.59%+1.51%+0.06B
2025-12-31$340M12+17.17%+17.72%-0.55%+0.05B
2025-09-30$269M10+11.22%+17.52%-6.29%+0.03B
2025-06-30$255M10+35.76%+14.94%+20.82%-0.06B
2025-03-31$268M14+18.74%+8.30%+10.44%+0.04B
2024-12-31$234M11+30.48%+24.89%+5.59%+0.03B
2024-09-30$195M12+15.02%+5.75%+9.27%-0.06B
2024-06-30$221M18+2.95%+4.38%-1.43%+0.04B
2024-03-31$173M16+6.96%+10.39%-3.43%+0.02B
2023-12-31$142M13