Sycale Advisors (NY) LLC Diversified Active

CIK: 0001811522 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Nov 14, 2025

Total Value ($000): $534,126 (99.2% shares, 0.8% debt)

Holdings (23)

SPY SPDR S&P 500 ETF TR 24.0%

Value ($000) $128,106 Shares 192,300 Est. Cost — Unrealized —

CAE CAE INC 8.6%

Value ($000) $46,131 Shares 1,556,386 Est. Cost $20.73 Unrealized +35.8%

MSFT MICROSOFT CORP 6.3%

Value ($000) $33,820 Shares 65,295 Est. Cost $429.79 Unrealized +18.4%

TLT ISHARES TR 5.6%

Value ($000) $29,841 Shares 333,900 Est. Cost — Unrealized —

VRRM VERRA MOBILITY CORP 5.6%

Value ($000) $29,685 Shares 1,201,828 Est. Cost $24.32 Unrealized +1.6%

BUR BURFORD CAP LTD 4.5%

Value ($000) $24,170 Shares 2,020,898 Est. Cost $12.02 Unrealized +11.3%

ICE INTERCONTINENTAL EXCHANGE IN 4.3%

Value ($000) $22,813 Shares 135,402 Est. Cost $137.85 Unrealized +28.9%

CAE CAE INC 3.8%

Value ($000) $20,389 Shares 687,900 Est. Cost $20.73 Unrealized +35.8%

MELI MERCADOLIBRE INC 3.5%

Value ($000) $18,833 Shares 8,059 Est. Cost $2157.64 Unrealized +11.3%

NNI NELNET INC 3.5%

Value ($000) $18,476 Shares 147,361 Est. Cost $95.34 Unrealized +31.2%

APG API GROUP CORP 3.3%

Value ($000) $17,878 Shares 520,151 Est. Cost $26.81 Unrealized +30.2%

NCMI NATIONAL CINEMEDIA INC 3.3%

Value ($000) $17,792 Shares 3,945,070 Est. Cost $6.11 Unrealized -23.6%

SLM SLM CORP 3.2%

Value ($000) $17,166 Shares 620,158 Est. Cost $25.88 Unrealized +20.6%

GENI GENIUS SPORTS LIMITED 3.0%

Value ($000) $16,207 Shares 1,309,116 Est. Cost $9.14 Unrealized +30.9%

IWM ISHARES TR 2.9%

Value ($000) $15,485 Shares 64,000 Est. Cost — Unrealized —

CP CANADIAN PACIFIC KANSAS CITY 2.6%

Value ($000) $14,139 Shares 189,811 Est. Cost $75.61 Unrealized +0.8%

SPOT SPOTIFY TECHNOLOGY S A 2.5%

Value ($000) $13,279 Shares 19,025 Est. Cost $667.56 Unrealized +4.7%

TKO TKO GROUP HOLDINGS INC 2.5%

Value ($000) $13,099 Shares 64,859 Est. Cost $127.71 Unrealized +42.1%

CNK CINEMARK HLDGS INC 2.3%

Value ($000) $12,469 Shares 445,000 Est. Cost — Unrealized —

GLPI GAMING & LEISURE PPTYS INC 2.2%

Value ($000) $11,864 Shares 254,545 Est. Cost $46.61 Unrealized —

IBIT ISHARES BITCOIN TRUST ETF 1.0%

Value ($000) $5,122 Shares 78,800 Est. Cost $63.85 Unrealized —

— WAYFAIR INC 0.8%

Value ($000) $4,167 Shares 2,750,000 Est. Cost $1.20 Unrealized —

NCMI NATIONAL CINEMEDIA INC 0.6%

Value ($000) $3,194 Shares 708,200 Est. Cost $6.11 Unrealized -23.6%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SPY	SPDR S&P 500 ETF TR	192,300	$128,106	24.0%	—	—	Put	78462F103
CAE	CAE INC	1,556,386	$46,131	8.6%	$20.73	+35.8%	COM	124765108
MSFT	MICROSOFT CORP	65,295	$33,820	6.3%	$429.79	+18.4%	COM	594918104
TLT	ISHARES TR	333,900	$29,841	5.6%	—	—	Call	464287432
VRRM	VERRA MOBILITY CORP	1,201,828	$29,685	5.6%	$24.32	+1.6%	CL A COM STK	92511U102
BUR	BURFORD CAP LTD	2,020,898	$24,170	4.5%	$12.02	+11.3%	ORD SHS	G17977110
ICE	INTERCONTINENTAL EXCHANGE IN	135,402	$22,813	4.3%	$137.85	+28.9%	COM	45866F104
CAE	CAE INC	687,900	$20,389	3.8%	$20.73	+35.8%	Call	124765108
MELI	MERCADOLIBRE INC	8,059	$18,833	3.5%	$2157.64	+11.3%	COM	58733R102
NNI	NELNET INC	147,361	$18,476	3.5%	$95.34	+31.2%	CL A	64031N108
APG	API GROUP CORP	520,151	$17,878	3.3%	$26.81	+30.2%	COM STK	00187Y100
NCMI	NATIONAL CINEMEDIA INC	3,945,070	$17,792	3.3%	$6.11	-23.6%	COM NEW	635309206
SLM	SLM CORP	620,158	$17,166	3.2%	$25.88	+20.6%	COM	78442P106
GENI	GENIUS SPORTS LIMITED	1,309,116	$16,207	3.0%	$9.14	+30.9%	SHARES CL A	G3934V109
IWM	ISHARES TR	64,000	$15,485	2.9%	—	—	Put	464287655
CP	CANADIAN PACIFIC KANSAS CITY	189,811	$14,139	2.6%	$75.61	+0.8%	COM	13646K108
SPOT	SPOTIFY TECHNOLOGY S A	19,025	$13,279	2.5%	$667.56	+4.7%	SHS	L8681T102
TKO	TKO GROUP HOLDINGS INC	64,859	$13,099	2.5%	$127.71	+42.1%	CL A	87256C101
CNK	CINEMARK HLDGS INC	445,000	$12,469	2.3%	—	—	Call	17243V102
GLPI	GAMING & LEISURE PPTYS INC	254,545	$11,864	2.2%	$46.61	—	COM	36467J108
IBIT	ISHARES BITCOIN TRUST ETF	78,800	$5,122	1.0%	$63.85	—	SHS BEN INT	46438F101
—	WAYFAIR INC	2,750,000	$4,167	0.8%	$1.20	—	NOTE 3.250% 9/1	94419LAP6
NCMI	NATIONAL CINEMEDIA INC	708,200	$3,194	0.6%	$6.11	-23.6%	Call	635309206