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Sycale Advisors (NY) LLC

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13F filer, CIK 1811522, New York, NY

Sycale Advisors (NY) LLC reported $456,639,333 across 24 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-14. Its ten largest share positions make up 70.61% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-25-003339

Period
2025-06-30
Reported value
$457M
Holdings
24
Top 10 weight
70.61%
New
4
Sold out
3

Largest buys vs the previous quarter

SecurityShares changeApprox. value
SPOTnew+10,500$8.06M
GENIadded+744,576$7.74M
VRRMadded+257,523$6.54M
CMPRadded+135,531$6.37M
CAEadded+213,800$6.26M

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
FERGexited-125,033-$20M
UBERreduced-121,142-$11.3M
APGreduced-178,621-$9.12M
NNIreduced-64,816-$7.85M
Wreduced-88,020-$4.5M

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, Q2 2025

Share positions as resolved from 13F-HR 0001172661-25-003339, largest first. % of portfolio is the value over $324,330,869, 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; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 1,295,399 shares; 2024Q4: 1,240,361 shares; 2025Q1: 1,233,825 shares; 2025Q2: 1,447,625 shares 1,447,625$42.4M13.06%+213,800Timeline
BURBURFORD CAPITAL LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 2,049,967 shares; 2024Q4: 2,157,950 shares; 2025Q1: 1,806,988 shares; 2025Q2: 1,844,310 shares 1,844,310$26.3M8.11%+37,322Timeline
VRRMVERRA MOBILITY CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 523,308 shares; 2025Q1: 740,305 shares; 2025Q2: 997,828 shares 997,828$25.3M7.81%+257,523Timeline
MSFTMICROSOFT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 56,775 shares; 2025Q2: 49,725 shares 49,725$24.7M7.63%-7,050Timeline
ICEINTERCONTINENTAL EXCHANGE INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 136,774 shares; 2024Q4: 182,443 shares; 2025Q1: 97,152 shares; 2025Q2: 109,102 shares 109,102$20M6.17%+11,950Timeline
APGAPI GROUP CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 434,630 shares; 2025Q1: 567,570 shares; 2025Q2: 388,949 shares 388,949$19.9M6.12%-178,621Timeline
NNINELNET INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 203,658 shares; 2024Q4: 258,038 shares; 2025Q1: 222,871 shares; 2025Q2: 158,055 shares 158,055$19.1M5.9%-64,816Timeline
TKOTKO GROUP HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 120,043 shares; 2024Q4: 44,029 shares; 2025Q1: 108,363 shares; 2025Q2: 105,103 shares 105,103$19.1M5.9%-3,260Timeline
GENIGENIUS SPORTS LIMITEDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 1,400,342 shares; 2025Q1: 803,235 shares; 2025Q2: 1,547,811 shares 1,547,811$16.1M4.96%+744,576Timeline
MELIMERCADOLIBRE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 4,444 shares; 2025Q2: 6,139 shares 6,139$16M4.95%+1,695Timeline
CPCANADIAN PACIFIC KANSAS CITYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 245,265 shares; 2025Q2: 200,565 shares 200,565$15.9M4.9%-44,700Timeline
NCMINATIONAL CINEMEDIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 2,130,528 shares; 2025Q1: 2,393,345 shares; 2025Q2: 3,085,997 shares 3,085,997$15M4.61%+692,652Timeline
SLMSLM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 443,792 shares; 2024Q4: 334,035 shares; 2025Q1: 335,838 shares; 2025Q2: 433,138 shares 433,138$14.2M4.38%+97,300Timeline
CMPRCIMPRESS PLCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 64,923 shares; 2025Q2: 200,454 shares 200,454$9.42M2.9%+135,531Timeline
EWWISHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 120,500 shares; 2025Q2: 136,500 shares 136,500$8.27M2.55%+16,000Timeline
SPOTSPOTIFY TECHNOLOGY S AQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 10,500 shares 10,500$8.06M2.48%newTimeline
UBERUBER TECHNOLOGIES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 248,937 shares; 2024Q4: 319,338 shares; 2025Q1: 191,232 shares; 2025Q2: 70,090 shares 70,090$6.54M2.02%-121,142Timeline
WWAYFAIR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 143,903 shares; 2024Q4: 135,903 shares; 2025Q1: 194,608 shares; 2025Q2: 106,588 shares 106,588$5.45M1.68%-88,020Timeline
IBITISHARES BITCOIN TRUST ETFQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 24,000 shares 24,000$1.47M0.45%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 SHSput145,000$89.6M+50,700
TLTISHARES TR 20 YR TR BD ETFcall333,900$29.5Mnew
CAECAE INC Stockcall452,500$13.3Mnew

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 bondprincipal5,000,000$6.76M-7,000,000
WAYFAIR INCWAYFAIR INC NOTE 3.250% 9/1principal3,750,000$4.29M-2,000,000

Sold out in Q2 2025

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

SecurityShares beforeValue beforeType
FERGFERGUSON ENTERPRISES INC125,033$20Mshares
AIR TRANS SVCS GROUP INCAIR TRANS SVCS GROUP INC10,000,000$9.97Mprincipal
SOHO HOUSE & CO INCSOHO HOUSE & CO INC678,248$4.19Mshares

How Q2 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 0001172661-25-003339 base2025-08-14acceptance time not in the bulk data set