WhaleCreep

Irenic Capital Management LP 13F holdings, Q3 2024

Hedge fundSEC filingsCompare with another fundHoldings as of 2024-09-30, filed 2024-11-14

Irenic Capital Management LP disclosed 17 US equity positions worth $569.9m in its Q3 2024 13F filing. Its largest position is BUSD at 18.2% of the reported book, followed by NWS and 0C3. Versus Q2 2024 it opened 4 new positions, added to 5, reduced 2 and exited 5.

$570m
Reported equity book
Sum of the long US equity positions in the filing, at the values filed. Options are excluded.
17
Positions
Distinct securities in the equity book with a reported value above zero. Options are excluded.
18.2%
Largest position
The largest single position as a share of the reported equity book.
86.4%
Top 10 weight
The ten largest positions together, as a share of the reported equity book.
11
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 2024: 4 new, 5 added, 2 reduced, 5 exited

17 rows
BUSD BARNES GROUP INC–18.2%$104m2.57m0.0%held
NWS NEWS CORP NEWCommunication Services12.8%$72.7m2.60m0.0%held
0C3 ENDEAVOR GROUP HLDGS INC–9.4%$53.4m1.87m–new
SHC SOTERA HEALTH COHealthcare8.2%$46.6m2.79m−8.0%reduced
FWRD FORWARD AIR CORPIndustrials7.6%$43.5m1.23m+15%added
RSVR RESERVOIR MEDIA INCCommunication Services7.6%$43.1m5.31m+1.9%added
TG7 TRIUMPH GROUP INC NEW–7.1%$40.7m3.16m–new
AIV APARTMENT INVT & MGMT COReal Estate6.0%$34.3m3.79m−0.8%reduced
DH DEFINITIVE HEALTHCARE CORPHealthcare5.0%$28.7m6.41m+118%added
DBD DIEBOLD NIXDORF INCTechnology4.5%$25.6m572,779+4.2%added
TBPH THERAVANCE BIOPHARMA INCHealthcare3.9%$22.3m2.76m0.0%held
HP5A EQUITY COMWLTH–3.6%$20.5m1.03m+216%added
BANDWIDTH INC no ticker–3.3%$18.8m24.17m0.0%held
EVENTBRITE INC no ticker–1.1%$6.0m7.00m0.0%held
U UNITY SOFTWARE INCTechnology1.0%$5.9m6.51m0.0%held
TENB TENABLE HLDGS INCTechnology0.7%$3.7m91,571–new
IART INTEGRA LIFESCIENCES HLDGS CHealthcare0.04%$214k11,786–new

Exited since Q2 2024

5 rows
PROPERTYGURU GROUP LTD no ticker0.5%$2.2m
ZUOUSD ZUORA INC0.5%$2.0m
HXL HEXCEL CORP NEW0.2%$1.0m
TLT ISHARES TR0.07%$275k
GLOBAL BLUE GROUP HOLDING AG no ticker0.04%$152k

Sector mix

  • Unclassified42.7%
  • Communication Services20.3%
  • Healthcare17.1%
  • Industrials7.6%
  • Technology6.2%
  • Real Estate6.0%

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