Nut Tree Capital Management, LP Diversified Active

CIK: 0001661655 · Show all filings

Period: Q4 2025 (← Previous)

Filing Date: Feb 17, 2026

Total Value ($000): $530,520 (83.4% shares, 16.6% debt)

Holdings (9)

New Positions (2)

AERO GRUPO AEROMEXICO SAB DE CV 24.6%

Value ($000) $130,652 Shares 5,949,542 Est. Cost $21.96 Unrealized —

IWM ISHARES TR 0.6%

Value ($000) $3,225 Shares 13,100 Est. Cost $246.16 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
AERO	GRUPO AEROMEXICO SAB DE CV	5,949,542	$130,652	24.6%	$21.96	—	SPONSORED ADS	40054J109
IWM	ISHARES TR	13,100	$3,225	0.6%	$246.16	—	RUSSELL 2000 ETF	464287655

Exited Positions (1)

CZR CAESARS ENTERTAINMENT INC NE 10.2%

Value ($000) $54,050 Shares 2,000,000 Est. Cost $30.69 Unrealized -26.8%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CZR	CAESARS ENTERTAINMENT INC NE	2,000,000	$54,050	10.2%	$30.69	-26.8%	—	12769G100

Decreased Positions (1)

CSTM CONSTELLIUM SE 11.5%

Value ($000) $60,791 (-21.6%) Shares 3,225,000 (-38.1%) Est. Cost $13.15 Unrealized +26.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
CSTM	CONSTELLIUM SE	3,225,000 (-38.1%)	$60,791 (-21.6%)	11.5%	$13.15	+26.2%	CL A SHS	F21107101

Unchanged Positions (6)

SATS ECHOSTAR CORP 15.4%

Value ($000) $81,525 Shares 750,000 Est. Cost $18.37 Unrealized +343.2%

— ECHOSTAR CORP 16.3%

Value ($000) $86,232 Shares 25,798,707 Est. Cost $1.13 Unrealized —

AVAH AVEANNA HEALTHCARE HLDGS INC 19.1%

Value ($000) $101,085 Shares 12,372,649 Est. Cost $3.79 Unrealized +138.3%

TSE TRINSEO PLC 0.3%

Value ($000) $1,740 Shares 3,500,000 Est. Cost $3.16 Unrealized -62.3%

BRSP BRIGHTSPIRE CAPITAL INC 11.6%

Value ($000) $61,566 Shares 10,993,946 Est. Cost $8.97 Unrealized —

BLCO BAUSCH PLUS LOMB CORP 0.7%

Value ($000) $3,704 Shares 216,883 Est. Cost $16.43 Unrealized -3.5%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SATS	ECHOSTAR CORP	750,000	$81,525	15.4%	$18.37	+343.2%	CL A	278768106
—	ECHOSTAR CORP	25,798,707	$86,232	16.3%	$1.13	—	NOTE 3.875%11/3	278768AB2
AVAH	AVEANNA HEALTHCARE HLDGS INC	12,372,649	$101,085	19.1%	$3.79	+138.3%	COM	05356F105
TSE	TRINSEO PLC	3,500,000	$1,740	0.3%	$3.16	-62.3%	SHS	G9059U107
BRSP	BRIGHTSPIRE CAPITAL INC	10,993,946	$61,566	11.6%	$8.97	—	COM CL A	10949T109
BLCO	BAUSCH PLUS LOMB CORP	216,883	$3,704	0.7%	$16.43	-3.5%	COMMON SHARES	071705107