Sycale Advisors (NY) LLC Diversified Active

Location: New York, NY

CIK: 0001811522 · Show all filings

Period: Q4 2025 (← Previous) (Next →)

Filing Date: Feb 13, 2026

Total Value: $322M (98.6% shares, 1.4% debt)

Holdings (17)

CAE CAE INC 11.7%

Value $37.73M Shares 1,240,182 Est. Cost $20.73 Unrealized +35.3%

SPY SPDR S&P 500 ETF TR 10.3%

Value $33.07M Shares 48,500 Est. Cost — Unrealized —

MSFT MICROSOFT CORP 9.8%

Value $31.58M Shares 65,295 Est. Cost $429.79 Unrealized +16.5%

ICE INTERCONTINENTAL EXCHANGE IN 8.7%

Value $27.91M Shares 172,352 Est. Cost $141.78 Unrealized +10.2%

VRRM VERRA MOBILITY CORP 7.8%

Value $25.13M Shares 1,121,505 Est. Cost $24.32 Unrealized -6.1%

SPOT SPOTIFY TECHNOLOGY S A 6.5%

Value $20.95M Shares 36,075 Est. Cost $647.51 Unrealized -3.5%

TKO TKO GROUP HOLDINGS INC 6.4%

Value $20.69M Shares 99,014 Est. Cost $150.50 Unrealized +28.8%

GENI GENIUS SPORTS LIMITED 6.4%

Value $20.67M Shares 1,876,046 Est. Cost $9.67 Unrealized +12.7%

NNI NELNET INC 6.3%

Value $20.27M Shares 152,441 Est. Cost $96.52 Unrealized +35.6%

APG API GROUP CORP 4.9%

Value $15.67M Shares 409,551 Est. Cost $26.81 Unrealized +37.9%

FLUT FLUTTER ENTMT PLC 4.5%

Value $14.45M Shares 67,200 Est. Cost $224.90 Unrealized 0.0%

MELI MERCADOLIBRE INC 4.3%

Value $13.72M Shares 6,809 Est. Cost $2157.64 Unrealized -2.6%

NCMI NATIONAL CINEMEDIA INC 3.7%

Value $11.82M Shares 3,039,326 Est. Cost $6.11 Unrealized -32.2%

GLPI GAMING & LEISURE PPTYS INC 3.2%

Value $10.43M Shares 233,442 Est. Cost $46.61 Unrealized —

BUR BURFORD CAP LTD 2.3%

Value $7.407M Shares 830,376 Est. Cost $12.02 Unrealized -18.5%

QXO QXO INC 1.8%

Value $5.652M Shares 293,000 Est. Cost $19.16 Unrealized 0.0%

— WAYFAIR INC 1.4%

Value $4.607M Shares 2,750,000 Est. Cost $1.20 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
CAE	CAE INC	1,240,182	$37.73M	11.7%	$20.73	+35.3%	COM	124765108
SPY	SPDR S&P 500 ETF TR	48,500	$33.07M	10.3%	—	—	Put	78462F103
MSFT	MICROSOFT CORP	65,295	$31.58M	9.8%	$429.79	+16.5%	COM	594918104
ICE	INTERCONTINENTAL EXCHANGE IN	172,352	$27.91M	8.7%	$141.78	+10.2%	COM	45866F104
VRRM	VERRA MOBILITY CORP	1,121,505	$25.13M	7.8%	$24.32	-6.1%	CL A COM STK	92511U102
SPOT	SPOTIFY TECHNOLOGY S A	36,075	$20.95M	6.5%	$647.51	-3.5%	SHS	L8681T102
TKO	TKO GROUP HOLDINGS INC	99,014	$20.69M	6.4%	$150.50	+28.8%	CL A	87256C101
GENI	GENIUS SPORTS LIMITED	1,876,046	$20.67M	6.4%	$9.67	+12.7%	SHARES CL A	G3934V109
NNI	NELNET INC	152,441	$20.27M	6.3%	$96.52	+35.6%	CL A	64031N108
APG	API GROUP CORP	409,551	$15.67M	4.9%	$26.81	+37.9%	COM STK	00187Y100
FLUT	FLUTTER ENTMT PLC	67,200	$14.45M	4.5%	$224.90	0.0%	SHS	G3643J108
MELI	MERCADOLIBRE INC	6,809	$13.72M	4.3%	$2157.64	-2.6%	COM	58733R102
NCMI	NATIONAL CINEMEDIA INC	3,039,326	$11.82M	3.7%	$6.11	-32.2%	COM NEW	635309206
GLPI	GAMING & LEISURE PPTYS INC	233,442	$10.43M	3.2%	$46.61	—	COM	36467J108
BUR	BURFORD CAP LTD	830,376	$7.407M	2.3%	$12.02	-18.5%	ORD SHS	G17977110
QXO	QXO INC	293,000	$5.652M	1.8%	$19.16	0.0%	COM NEW	82846H405
—	WAYFAIR INC	2,750,000	$4.607M	1.4%	$1.20	—	NOTE 3.250% 9/1	94419LAP6