Irenic Capital Management LP 13F holdings, Q1 2024
Irenic Capital Management LP disclosed 20 US equity positions worth $390.7m in its Q1 2024 13F filing. Its largest position is BUSD at 24.5% of the reported book, followed by NWS and RSVR. Versus Q4 2023 it opened 5 new positions, added to 9, reduced 2 and exited 5.
- $391m
- Reported equity book Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
- 20
- Positions Distinct securities in the equity book with a reported value above zero. Options are excluded.
- 24.5%
- Largest position The largest single position as a share of the reported equity book.
- 94.1%
- Top 10 weight The ten largest positions together, as a share of the reported equity book.
- 7
- 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 2023: 5 new, 9 added, 2 reduced, 5 exited
| BUSD BARNES GROUP INC | 24.5% | +78% | added |
| NWS NEWS CORP NEW | 23.6% | −35% | reduced |
| RSVR RESERVOIR MEDIA INC | 8.5% | +21% | added |
| SHC SOTERA HEALTH CO | 8.0% | +17% | added |
| AIV APARTMENT INVT & MGMT CO | 7.7% | +32% | added |
| TBPH THERAVANCE BIOPHARMA INC | 6.3% | 0.0% | held |
| DBD DIEBOLD NIXDORF INC | 4.5% | +3.3% | added |
| BANDWIDTH INC no ticker | 4.1% | +5.7% | added |
| MODNEUR MODEL N INC | 3.9% | – | new |
| ENSTAR GROUP LIMITED no ticker | 3.0% | +5.0% | added |
| EVENTBRITE INC no ticker | 1.5% | 0.0% | held |
| BL BLACKLINE INC | 0.9% | −52% | reduced |
| LOGC CONTEXTLOGIC INC | 0.8% | – | new |
| CCOI COGENT COMMUNICATIONS HLDGS | 0.7% | +474% | added |
| GLOBAL BLUE GROUP HOLDING AG no ticker | 0.6% | +6.2% | added |
| ATMU ATMUS FILTRATION TECHNOLOGIE | 0.6% | – | new |
| ALLOVIR INC no ticker | 0.5% | – | new |
| QTWO Q2 HLDGS INC | 0.2% | 0.0% | held |
| PROPERTYGURU GROUP LTD no ticker | 0.10% | – | new |
| TLT ISHARES TR | 0.07% | 0.0% | held |
Exited since Q4 2023
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