Tyro Capital Management 13F annual report

Tyro Capital Management is an investment fund managing more than $221 billion ran by Louis Parks. There are currently 18 companies in Mr. Parks’s portfolio. The largest investments include Howmet Aerospace and Crocs Inc, together worth $43.3 billion.

$221 billion Assets Under Management (AUM)

As of 7th August 2024, Tyro Capital Management’s top holding is 290,219 shares of Howmet Aerospace currently worth over $22.5 billion and making up 10.2% of the portfolio value. Relative to the number of outstanding shares of Howmet Aerospace, Tyro Capital Management owns less than approximately 0.1% of the company. In addition, the fund holds 142,139 shares of Crocs Inc worth $20.7 billion, whose value grew 24.2% in the past six months. The third-largest holding is Cogent Communications Inc worth $19.7 billion and the next is Roivant Sciences Ltd worth $18.4 billion, with 1,744,327 shares owned.

Currently, Tyro Capital Management's portfolio is worth at least $221 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Tyro Capital Management

The Tyro Capital Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Louis Parks serves as the Managing Member, Chief Operating Officer at Tyro Capital Management.

Recent trades

In the most recent 13F filing, Tyro Capital Management revealed that it had opened a new position in Carpenter Technology and bought 107,148 shares worth $11.7 billion. This means they effectively own approximately 0.1% of the company. Carpenter Technology makes up 26.3% of the fund's Industrials sector allocation and has grown its share price by 136.9% in the past year.

The investment fund also strengthened its position in Howmet Aerospace by buying 13,220 additional shares. This makes their stake in Howmet Aerospace total 290,219 shares worth $22.5 billion. Howmet Aerospace dropped approximately 0.1% in the past year.

On the other hand, there are companies that Tyro Capital Management is getting rid of from its portfolio. Tyro Capital Management closed its position in Veradigm Inc on 14th August 2024. It sold the previously owned 1,176,015 shares for $9.06 billion.

One of the smallest hedge funds

The two most similar investment funds to Tyro Capital Management are Pinnacle and Professional Advisors. They manage $221 billion and $220 billion respectively.

Louis Parks investment strategy

Tyro Capital Management’s portfolio is diversified across 9 sectors. Currently, their heaviest sector is Industrials — making up 20.2% of the total portfolio value. The fund focuses on investments in the United States as 61.1% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 11% of the total holdings value. On the other hand, small-cap stocks make up only 5.6% of the portfolio. The average market cap of the portfolio companies is close to $92.1 billion.

The complete list of Tyro Capital Management trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Howmet Aerospace Inc.	4.77% 290,219	$22,529,701,000	10.21%
Crocs Inc	4.77% 142,139	$20,743,765,000	9.41%
Cogent Communications Holdings Inc	35.86% 348,241	$19,654,722,000	8.91%
Roivant Sciences Ltd	16.63% 1,744,327	$18,437,536,000	8.36%
CRH Plc	4.77% 238,259	$17,864,659,000	8.10%
Construction Partners Inc	4.77% 299,200	$16,518,832,000	7.49%
MKS Instruments, Inc.	109.54% 125,265	$16,357,104,000	7.42%
Valvoline Inc	59.33% 344,128	$14,866,330,000	6.74%
Carpenter Technology Corp.	Opened 107,148	$11,741,278,000	5.32%
Ferroglobe Plc	4.77% 2,087,354	$11,188,218,000	5.07%
General Electric Co	4.77% 70,178	$11,156,197,000	5.06%
Alphabet Inc	4.77% 55,719	$10,149,216,000	4.60%
Despegar.com Corp	Opened 703,251	$9,304,011,000	4.22%
Veradigm Inc	Closed 1,176,015	$9,055,315,000
Immunovant Inc	156.61% 250,620	$6,616,368,000	3.00%
Ultra Clean Holdings, Inc.	109.54% 91,447	$4,480,903,000	2.03%
Ichor Holdings Ltd	109.54% 92,246	$3,556,083,000	1.61%
Ge Vernova Inc.	Opened 17,545	$3,009,143,000	1.36%
Green Plains Inc	4.77% 150,244	$2,382,870,000	1.08%
No transactions found
Showing first 500 out of 19 holdings