Irenic Capital Management LP 13F holdings, Q1 2023
Irenic Capital Management LP disclosed 15 US equity positions worth $240.5m in its Q1 2023 13F filing. Its largest position is NWS at 37.6% of the reported book, followed by NWSA and TBPH. Versus Q4 2022 it opened 9 new positions, added to 3, reduced 1 and exited 4.
- $240m
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 15
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 37.6%
- Largest position The largest single position as a share of the reported equity book.
- 98.1%
- Top 10 weight The ten largest positions together, as a share of the reported equity book.
- 4
- Effective positions 1 / HHI of portfolio weights: the number of equal-weight positions the book behaves like.
- 15
- Quarters on file since Q4 2022 Quarters for which this manager's 13F holdings are on record.
Holdings
Against Q4 2022: 9 new, 3 added, 1 reduced, 4 exited
| NWS NEWS CORP NEW | 37.6% | +3.3% | added |
| NWSA NEWS CORP NEW | 24.7% | +59% | added |
| TBPH THERAVANCE BIOPHARMA INC | 12.5% | +63% | added |
| AIV APARTMENT INVT & MGMT CO | 5.1% | – | new |
| SHC SOTERA HEALTH CO | 4.4% | −15% | reduced |
| ARNC1USD ARCONIC CORPORATION | 3.9% | 0.0% | held |
| BADWIDTH INC no ticker | 3.4% | 0.0% | held |
| TABULA RASA HEALTHCARE INC no ticker | 3.2% | – | new |
| BL BLACKLINE INC | 1.8% | – | new |
| STGW STAGWELL INC | 1.4% | – | new |
| ALKT ALKAMI TECHNOLOGY INC | 0.9% | – | new |
| QTWO Q2 HLDGS INC | 0.3% | – | new |
| EVENTBRITE INC no ticker | 0.3% | – | new |
| LFCR LIFECORE BIOMEDICAL INC | 0.2% | – | new |
| CCOI COGENT COMMUNICATIONS HLDGS | 0.07% | – | new |
Exited since Q4 2022
Sector mix
Book over time
Where Irenic Capital Management LP was early
Concentration and tenure
- 24.5%
- Median largest position, all quarters The largest single position as a share of the reported equity book.
- 86.4%
- Median top 10 weight, all quarters The ten largest positions together, as a share of the reported equity book.
- Concentrated
- Style, by median largest position
- 1
- Median completed holding, quarters