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Sycale Advisors (NY) LLC

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13F filer, CIK 1811522, New York, NY

Sycale Advisors (NY) LLC reported $362,994,643 across 23 holdings for the quarter ended 2025-03-31, in a 13F-HR filed 2025-05-15. Its ten largest share positions make up 66.97% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-002017

Period
2025-03-31
Reported value
$363M
Holdings
23
Top 10 weight
66.97%
New
7
Sold out
5

Largest buys vs the previous quarter

SecurityShares changeApprox. value
MSFTnew+56,775$21.3M
CPnew+245,265$17.2M
TKOadded+64,334$9.83M
MELInew+4,444$8.67M
EWWnew+120,500$6.14M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
EPRexited-719,758-$31.9M
ICEreduced-85,291-$14.7M
HHHexited-137,426-$10.6M
LHexited-42,449-$9.73M
UBERreduced-128,106-$9.33M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q1 2025

Share positions as resolved from 13F-HR 0001172661-25-002017, largest first. % of portfolio is the value over $310,244,166, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
CAECAE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,295,399 shares; 2024Q4: 1,240,361 shares; 2025Q1: 1,233,825 shares 1,233,825$30.3M9.78%-6,536Timeline
NNINELNET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 203,658 shares; 2024Q4: 258,038 shares; 2025Q1: 222,871 shares 222,871$24.7M7.97%-35,167Timeline
BURBURFORD CAPITAL LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,049,967 shares; 2024Q4: 2,157,950 shares; 2025Q1: 1,806,988 shares 1,806,988$23.9M7.69%-350,962Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 56,775 shares 56,775$21.3M6.87%newTimeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 434,630 shares; 2025Q1: 567,570 shares 567,570$20.3M6.54%+132,940Timeline
FERGFERGUSON ENTERPRISES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 103,196 shares; 2024Q4: 113,533 shares; 2025Q1: 125,033 shares 125,033$20M6.46%+11,500Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 245,265 shares 245,265$17.2M5.55%newTimeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 136,774 shares; 2024Q4: 182,443 shares; 2025Q1: 97,152 shares 97,152$16.8M5.4%-85,291Timeline
VRRMVERRA MOBILITY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 523,308 shares; 2025Q1: 740,305 shares 740,305$16.7M5.37%+216,997Timeline
TKOTKO GROUP HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 120,043 shares; 2024Q4: 44,029 shares; 2025Q1: 108,363 shares 108,363$16.6M5.34%+64,334Timeline
NCMINATIONAL CINEMEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,130,528 shares; 2025Q1: 2,393,345 shares 2,393,345$14M4.51%+262,817Timeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 248,937 shares; 2024Q4: 319,338 shares; 2025Q1: 191,232 shares 191,232$13.9M4.49%-128,106Timeline
SLMSLM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 443,792 shares; 2024Q4: 334,035 shares; 2025Q1: 335,838 shares 335,838$9.86M3.18%+1,803Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,444 shares 4,444$8.67M2.79%newTimeline
GENIGENIUS SPORTS LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,400,342 shares; 2025Q1: 803,235 shares 803,235$8.04M2.59%-597,107Timeline
WWAYFAIR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 143,903 shares; 2024Q4: 135,903 shares; 2025Q1: 194,608 shares 194,608$6.23M2.01%+58,705Timeline
EWWISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 120,500 shares 120,500$6.14M1.98%newTimeline
SOHO HOUSE & CO INCSOHO HOUSE & CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 678,248 shares 678,248$4.19M1.35%new
CMPRCIMPRESS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q2: restricted; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 64,923 shares 64,923$2.94M0.95%newTimeline

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
SPYSTATE STR SPDR S&P 500 ETF T SHSput94,300$52.8M+9,900

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
WAYFAIR INCWAYFAIR INC Convertible bondprincipal12,000,000$12.9Mnew
AIR TRANS SVCS GROUP INCAIR TRANS SVCS GROUP INC BONDprincipal10,000,000$9.97M0
WAYFAIR INCWAYFAIR INC NOTE 3.250% 9/1principal5,750,000$5.65M-12,750,000

Sold out in Q1 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
EPREPR PPTYS719,758$31.9Mshares
IWMISHARES TR76,200$16.8Mput
HHHHOWARD HUGHES HOLDINGS INC137,426$10.6Mshares
LHLABCORP HOLDINGS INC42,449$9.73Mshares
GRNDGRINDR INC496,506$8.86Mshares

How Q1 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-25-002017 base2025-05-15acceptance time not in the bulk data set