WhaleCreep

Irenic Capital Management LP 13F holdings, Q2 2023

Hedge fundSEC filingsCompare with another fundHoldings as of 2023-06-30, filed 2023-08-14

Irenic Capital Management LP disclosed 13 US equity positions worth $291.4m in its Q2 2023 13F filing. Its largest position is NWS at 35.1% of the reported book, followed by NWSA and TBPH. Versus Q1 2023 it opened 3 new positions, added to 4, reduced 0 and exited 5.

$291m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
13
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
35.1%
Largest position
The largest single position as a share of the reported equity book.
97.7%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
5
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 Q1 2023: 3 new, 4 added, 0 reduced, 5 exited

13 rows
NWS NEWS CORP NEWCommunication Services35.1%$102m5.19m0.0%held
NWSA NEWS CORP NEWCommunication Services23.0%$67.1m3.44m0.0%held
TBPH THERAVANCE BIOPHARMA INCHealthcare9.8%$28.6m2.76m−0.1%held
TABULA RASA HEALTHCARE INC no ticker–6.4%$18.6m22.30m+133%added
SHC SOTERA HEALTH COHealthcare4.7%$13.6m723,830+21%added
ENFUSION INC no ticker–4.6%$13.4m1.20m–new
RSVR RESERVOIR MEDIA INCCommunication Services4.4%$12.9m2.14m–new
ARNC1USD ARCONIC CORPORATION–3.6%$10.6m359,1350.0%held
BL BLACKLINE INCTechnology3.2%$9.4m11.00m+120%added
BANDWIDTH INC no ticker–2.7%$8.0m12.50m0.0%held
EVENTBRITE INC no ticker–2.0%$5.9m7.00m+600%added
QTWO Q2 HLDGS INCTechnology0.3%$875k1.00m0.0%held
PARDES BIOSCIENCES INC no ticker–0.03%$88.2k48,751–new

Exited since Q1 2023

5 rows
AIV APARTMENT INVT & MGMT CO5.1%$12.3m
STGW STAGWELL INC1.4%$3.4m
ALKT ALKAMI TECHNOLOGY INC0.9%$2.3m
LFCR LIFECORE BIOMEDICAL INC0.2%$587k
CCOI COGENT COMMUNICATIONS HLDGS0.07%$159k

Sector mix

  • Communication Services62.6%
  • Unclassified19.4%
  • Healthcare14.5%
  • Technology3.5%

Book over time

Every quarter on file (15)
QuarterPositionsEquity book
Q2 202643$1.4bn
Q1 202641$1.1bn
Q4 202545$763m
Q3 202520$509m
Q2 202520$455m
Q1 202522$660m
Q4 202419$656m
Q3 202417$570m
Q2 202418$412m
Q1 202420$391m
Q4 202320$462m
Q3 202321$326m
Q2 202313$291m
Q1 202315$240m
Q4 202210$188m

Where Irenic Capital Management LP was early

3 rows
AIV APARTMENT INVT & MGMT COQ1 20236 of 945.1%9.3%12Held at last filing, Q2 2026−61%
ALKT ALKAMI TECHNOLOGY INCQ1 20238 of 990.9%6.4%4Held at last filing, Q2 2026+43%
BLND BLEND LABS INCQ3 20237 of 941.0%1.2%6Held at last filing, Q2 2026+25%

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