Institutional Manager · CIK 0001811522
Sycale Advisors (NY) LLC
New York, NY · File #028-20240
Latest AUM
$321.8M
Positions
17
Top-10 Concentration
78.8%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | SPDR S&P 500 ETF TR | SPY | -143,800 | -$98.1M | +$3.0M |
| EXITED | ISHARES TR | 464287432 | -333,900 | -$29.8M | $0 |
| EXITED | SLM CORP | 78442P106 | -620,158 | -$17.2M | $0 |
| EXITED | ISHARES TR | 464287655 | -64,000 | -$15.5M | $0 |
| NEW | FLUTTER ENTMT PLC | G3643J108 | +67,200 | +$14.5M | $0 |
| EXITED | CANADIAN PACIFIC KANSAS CITY | 13646K108 | -189,811 | -$14.1M | $0 |
| EXITED | CINEMARK HLDGS INC | 17243V102 | -445,000 | -$12.5M | $0 |
| REDUCE | BURFORD CAP LTD | BUR | -1,190,522 | -$10.6M | -$6.1M |
| ADD | SPOTIFY TECHNOLOGY S A | SPOT | +17,050 | +$9.9M | -$2.2M |
| REDUCE | CAE INC | CAE | -316,204 | -$9.6M | +$1.2M |
Sector Allocation
Filing History
- 13F HOLDINGS REPORTQ/E Dec 202517 pos · $321.8M
- 13F HOLDINGS REPORTQ/E Sep 202523 pos · $534.1M
- 13F HOLDINGS REPORTQ/E Jun 202524 pos · $456.6M
- 13F HOLDINGS REPORTQ/E Mar 202523 pos · $363.0M
- 13F HOLDINGS REPORTQ/E Dec 202421 pos · $385.8M
- 13F HOLDINGS REPORTQ/E Sep 202418 pos · $532.9M
- 13F HOLDINGS REPORTQ/E Jun 202419 pos · $348.7M
- 13F HOLDINGS REPORTQ/E Mar 202419 pos · $358.4M
- 13F HOLDINGS REPORTQ/E Dec 202319 pos · $371.4M
Top 17 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | CAE INC | CAE | 1,240,182 | $37.7M | 11.72% |
| 2 | SPDR S&P 500 ETF TR | SPY | 48,500 | $33.1M | 10.28% |
| 3 | MICROSOFT CORP | MSFT | 65,295 | $31.6M | 9.81% |
| 4 | INTERCONTINENTAL EXCHANGE IN | 45866F104 | 172,352 | $27.9M | 8.68% |
| 5 | VERRA MOBILITY CORP | VRRM | 1,121,505 | $25.1M | 7.81% |
| 6 | SPOTIFY TECHNOLOGY S A | SPOT | 36,075 | $20.9M | 6.51% |
| 7 | TKO GROUP HOLDINGS INC | TKO | 99,014 | $20.7M | 6.43% |
| 8 | GENIUS SPORTS LIMITED | GENI | 1,876,046 | $20.7M | 6.43% |
| 9 | NELNET INC | NNI | 152,441 | $20.3M | 6.30% |
| 10 | API GROUP CORP | APG | 409,551 | $15.7M | 4.87% |
| 11 | FLUTTER ENTMT PLC | G3643J108 | 67,200 | $14.5M | 4.49% |
| 12 | MERCADOLIBRE INC | MELI | 6,809 | $13.7M | 4.26% |
| 13 | NATIONAL CINEMEDIA INC | NCMI | 3,039,326 | $11.8M | 3.67% |
| 14 | GAMING & LEISURE PPTYS INC | 36467J108 | 233,442 | $10.4M | 3.24% |
| 15 | BURFORD CAP LTD | BUR | 830,376 | $7.4M | 2.30% |
| 16 | QXO INC | QXO-PB | 293,000 | $5.7M | 1.76% |
| 17 | WAYFAIR INC | W | 2,750,000 | $4.6M | 1.43% |