Irenic Capital Management: 13F holdings, Q2 2026
Activist · SEC EDGAR filings (CIK 0001929389) · Explore on the interactive board
Irenic Capital Management disclosed 43 US equity positions worth $1.4bn in its Q2 2026 13F filing (holdings as of June 30, 2026, filed August 14, 2026). Its largest position is SNAP at 9.6% of the reported book, followed by RAL, ITGR. The top ten holdings are 61.9% of the book, and the portfolio behaves like about 19 equal-weight positions. Versus the prior filing it opened 15 new positions, added to 9, reduced 6 and exited 13.
What does Irenic Capital Management own? Top holdings as of June 30, 2026
Change is measured in shares against the previous filing (Q1 2026), so price moves do not read as decisions. This quarter: 15 new, 9 added, 6 reduced, 13 exited.
| # | Stock | Sector | Weight | Value | Shares | Δ shares | Action |
|---|---|---|---|---|---|---|---|
| 1 | SNAP SNAP INC | Communication Services | 9.6% | $133.2m | 30,000,000 | 0% | held |
| 2 | RAL RALLIANT CORP | Technology | 9.2% | $128.1m | 1,740,218 | 0% | held |
| 3 | ITGR INTEGER HLDGS CORP | Healthcare | 8.5% | $118.1m | 1,264,259 | 0% | held |
| 4 | TFX TELEFLEX INCORPORATED | Healthcare | 7.9% | $110.3m | 870,000 | 0% | held |
| 5 | SHC SOTERA HEALTH CO | Healthcare | 6.6% | $91.3m | 5,141,822 | 18% | added |
| 6 | SNDA SONIDA SENIOR LIVING INC | Healthcare | 5.6% | $77.7m | 1,903,621 | 56% | added |
| 7 | RSVR RESERVOIR MEDIA INC | 4.5% | $61.9m | 6,260,176 | 1% | added | |
| 8 | ALKT ALKAMI TECHNOLOGY INC | Technology | 3.5% | $48.5m | 2,675,151 | 0% | held |
| 9 | TBPH THERAVANCE BIOPHARMA INC | Healthcare | 3.4% | $46.9m | 2,760,948 | 0% | held |
| 10 | CPNG COUPANG INC | Consumer Cyclical | 3.1% | $43.2m | 2,484,979 | – | new |
| 11 | DPC DPC HOLDINGS PLC | 3.0% | $41.2m | 839,816 | – | new | |
| 12 | DBD DIEBOLD NIXDORF INC | Technology | 2.9% | $40.5m | 476,523 | -1% | reduced |
| 13 | ATKR ATKORE INC | Industrials | 2.8% | $38.6m | 507,613 | 3532% | added |
| 14 | MMSI MERIT MED SYS INC | Healthcare | 2.7% | $37.6m | 542,589 | – | new |
| 15 | SPSC SPS COMM INC | Technology | 2.5% | $34.2m | 597,704 | 0% | held |
| 16 | CMP COMPASS MINERALS INTL INC | Basic Materials | 2.4% | $33.3m | 1,068,378 | -26% | reduced |
| 17 | SMARTSTOP SELF STORAG REIT I | 2.1% | $28.5m | 876,608 | – | new | |
| 18 | WK WORKIVA INC | Technology | 1.9% | $26.8m | 552,010 | 0% | held |
| 19 | BATRK ATLANTA BRAVES HLDGS INC | Communication Services | 1.9% | $26.2m | 504,983 | – | new |
| 20 | FSLR FIRST SOLAR INC | Technology | 1.7% | $23.4m | 98,989 | 36% | added |
| 21 | NOKIA CORP | 1.7% | $23.0m | 1,730,000 | – | new | |
| 22 | COMP COMPASS INC | Real Estate | 1.6% | $22.2m | 1,796,898 | – | new |
| 23 | PAR TECHNOLOGY CORP | 1.6% | $21.9m | 27,226,000 | 22% | added | |
| 24 | ADEA ADEIA INC | Technology | 1.5% | $20.9m | 634,772 | 218% | added |
| 25 | AHRT AH RLTY TR INC | Real Estate | 1.5% | $20.7m | 2,918,328 | -16% | reduced |
| 26 | CTRI CENTURI HOLDINGS INC | Utilities | 1.1% | $15.7m | 518,705 | 46% | added |
| 27 | SITE CTRS CORP | 0.7% | $10.3m | 2,605,378 | 0% | held | |
| 28 | GDS GDS HLDGS LTD | Technology | 0.6% | $8.5m | 283,000 | – | new |
| 29 | NATIONAL HEALTHCARE PPTYS IN | 0.6% | $8.1m | 549,593 | – | new | |
| 30 | WHITESTONE REIT | 0.6% | $7.7m | 408,245 | -68% | reduced | |
| 31 | SAFEGUARD ACQUISITION CORP | 0.4% | $5.1m | 500,000 | 0% | held | |
| 32 | GENERAL PURP ACQUISITION COR | 0.4% | $5.0m | 500,000 | 0% | held | |
| 33 | ANAB ANAPTYSBIO INC | Healthcare | 0.3% | $4.8m | 70,447 | – | new |
| 34 | APARTMENT INVT & MGMT CO | 0.3% | $4.2m | 1,398,460 | -72% | reduced | |
| 35 | UNITED STS OIL FD LP | 0.3% | $4.1m | 38,500 | – | new | |
| 36 | BLND BLEND LABS INC | 0.3% | $3.9m | 2,284,101 | 4% | added | |
| 37 | PROGRESS SOFTWARE CORP | 0.2% | $3.3m | 3,444,000 | – | new | |
| 38 | HIGHVIEW MERGER CORP | 0.2% | $3.0m | 300,000 | -33% | reduced | |
| 39 | ELME ELME COMMUNITIES | Real Estate | 0.2% | $2.8m | 1,909,557 | 0% | held |
| 40 | SHY ISHARES TR | 0.2% | $2.5m | 30,000 | 0% | held | |
| 41 | FVR FRONTVIEW REIT INC | 0.1% | $1.3m | 66,608 | – | new | |
| 42 | IRENIC ACQUISITION CORP | 0.0% | $668.2k | 65,700 | – | new | |
| 43 | HIGHVIEW MERGER CORP | 0.0% | $52.5k | 150,000 | – | new |
What did Irenic Capital Management sell? Positions exited since the previous filing
| Stock | Prior weight | Prior value |
|---|---|---|
| BANDWIDTH INC | 25.6% | $37.6m |
| FWRD FORWARD AIR CORP | 14.0% | $20.6m |
| HPE HEWLETT PACKARD ENTERPRISE C | 12.7% | $18.7m |
| NWS NEWS CORP NEW | 11.5% | $16.9m |
| RYAM RAYONIER ADVANCED MATLS INC | 10.2% | $15.0m |
| PEAKSTONE REALTY TRUST | 9.6% | $14.1m |
| JANX JANUX THERAPEUTICS INC | 7.2% | $10.6m |
| SGRY SURGERY PARTNERS INC | 5.8% | $8.5m |
| UNIQURE NV | 1.1% | $1.6m |
| AVIR ATEA PHARMACEUTICALS IN | 1.1% | $1.6m |
| FATE FATE THERAPEUTICS INC | 0.7% | $1.1m |
| VOR VOR BIOPHARMA INC | 0.4% | $582.7k |
| DH DEFINITIVE HEALTHCARE CORP | 0.0% | $71.4k |
Sector mix
| Sector | Weight |
|---|---|
| Healthcare | 35.0% |
| Technology | 23.8% |
| Communication Services | 11.5% |
| Real Estate | 3.3% |
| Consumer Cyclical | 3.1% |
| Industrials | 2.8% |
Sectors cover positions whose ticker resolved to a sector; the remainder is unclassified, not cash.
Filing history
How concentrated is Irenic Capital Management's portfolio?
Across every quarter Irenic Capital Management has filed, its median largest position is 24.5% of the book and its median top-ten weight is 86.4%, which WhaleCreep classifies as concentrated (the gate is a median largest position of 5%). Of 88 completed holding spells, the median lasted 1.0 quarters; 43 positions are still open and their final length is unknown.