Irenic Capital Management LP 13F holdings, Q3 2023
Irenic Capital Management LP disclosed 21 US equity positions worth $326.2m in its Q3 2023 13F filing. Its largest position is NWS at 33.2% of the reported book, followed by NWSA and TBPH. Versus Q2 2023 it opened 10 new positions, added to 2, reduced 2 and exited 2.
- $326m
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 21
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 33.2%
- Largest position The largest single position as a share of the reported equity book.
- 88.1%
- Top 10 weight The ten largest positions together, as a share of the reported equity book.
- 6
- 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 Q2 2023: 10 new, 2 added, 2 reduced, 2 exited
| NWS NEWS CORP NEW | 33.2% | 0.0% | held |
| NWSA NEWS CORP NEW | 20.2% | −4.6% | reduced |
| TBPH THERAVANCE BIOPHARMA INC | 7.3% | 0.0% | held |
| TABULA RASA HEALTHCARE INC no ticker | 6.7% | 0.0% | held |
| RSVR RESERVOIR MEDIA INC | 5.5% | +37% | added |
| SHC SOTERA HEALTH CO | 5.0% | +52% | added |
| BL BLACKLINE INC | 2.9% | 0.0% | held |
| ENSTAR GROUP LIMITED no ticker | 2.5% | – | new |
| BANDWIDTH INC no ticker | 2.5% | 0.0% | held |
| DBD DIEBOLD NIXDORF INC | 2.3% | – | new |
| OUT OUTFRONT MEDIA INC | 1.9% | – | new |
| JAMES RIV GROUP LTD no ticker | 1.9% | – | new |
| EVENTBRITE INC no ticker | 1.8% | 0.0% | held |
| AYXEUR ALTERYX INC | 1.5% | – | new |
| MASI* MASIMO CORP | 1.3% | – | new |
| BLND BLEND LABS INC | 1.0% | – | new |
| AIV APARTMENT INVT & MGMT CO | 1.0% | – | new |
| GLOBAL BLUE GROUP HOLDING AG no ticker | 0.8% | – | new |
| ENFUSION INC no ticker | 0.4% | −87% | reduced |
| QTWO Q2 HLDGS INC | 0.3% | 0.0% | held |
| AMBP ARDAGH METAL PACKAGING S A | 0.05% | – | new |
Exited since Q2 2023
| ARNC1USD ARCONIC CORPORATION | 3.6% | $10.6m |
| PARDES BIOSCIENCES INC no ticker | 0.03% | $88.2k |
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