WhaleCreep

Irenic Capital Management LP 13F holdings, Q2 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-06-30, filed 2024-08-14

Irenic Capital Management LP disclosed 18 US equity positions worth $412.1m in its Q2 2024 13F filing. Its largest position is BUSD at 25.8% of the reported book, followed by NWS and RSVR. Versus Q1 2024 it opened 6 new positions, added to 6, reduced 2 and exited 8.

$412m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
18
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
25.8%
Largest position
The largest single position as a share of the reported equity book.
94.2%
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 Q1 2024: 6 new, 6 added, 2 reduced, 8 exited

18 rows
BUSD BARNES GROUP INC–25.8%$107m2.57m0.0%held
NWS NEWS CORP NEWCommunication Services17.9%$73.8m2.60m−24%reduced
RSVR RESERVOIR MEDIA INCCommunication Services10.0%$41.2m5.22m+25%added
SHC SOTERA HEALTH COHealthcare8.7%$36.0m3.03m+16%added
AIV APARTMENT INVT & MGMT COReal Estate7.7%$31.7m3.82m+4.1%added
TBPH THERAVANCE BIOPHARMA INCHealthcare5.7%$23.4m2.76m0.0%held
DBD DIEBOLD NIXDORF INCTechnology5.1%$21.1m549,573+7.9%added
FWRD FORWARD AIR CORPIndustrials4.9%$20.3m1.07m–new
BANDWIDTH INC no ticker–4.4%$18.2m24.17m+9.0%added
DH DEFINITIVE HEALTHCARE CORPHealthcare3.9%$16.1m2.95m–new
HP5A EQUITY COMWLTH–1.5%$6.3m325,673–new
EVENTBRITE INC no ticker–1.5%$6.1m7.00m0.0%held
U UNITY SOFTWARE INCTechnology1.4%$5.6m6.51m–new
PROPERTYGURU GROUP LTD no ticker–0.5%$2.2m450,350+348%added
ZUOUSD ZUORA INC–0.5%$2.0m202,121–new
HXL HEXCEL CORP NEWIndustrials0.2%$1.0m16,150–new
TLT ISHARES TR–0.07%$275k3,0000.0%held
GLOBAL BLUE GROUP HOLDING AG no ticker–0.04%$152k31,582−93%reduced

Exited since Q1 2024

8 rows
MODNEUR MODEL N INC3.9%$15.2m
ENSTAR GROUP LIMITED no ticker3.0%$11.6m
BL BLACKLINE INC0.9%$3.4m
LOGC CONTEXTLOGIC INC0.8%$3.1m
CCOI COGENT COMMUNICATIONS HLDGS0.7%$2.6m
ATMU ATMUS FILTRATION TECHNOLOGIE0.6%$2.2m
ALLOVIR INC no ticker0.5%$1.9m
QTWO Q2 HLDGS INC0.2%$950k

Sector mix

  • Unclassified34.4%
  • Communication Services27.9%
  • Healthcare18.3%
  • Real Estate7.7%
  • Technology6.5%
  • Industrials5.2%

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